ROCHESTER, N.H.--(BUSINESS WIRE)--Albany International Corp. (NYSE:AIN) announced today that Christina M. Alvord has been elected to its Board of Directors.
Ms. Alvord, age 54, served in various roles at Vulcan Materials Company, from 2015 to 2021, including President, Southern and Gulf Coast Division; President, Central Division; and Vice President, Performance Improvement. Prior to 2015 Ms. Alvord held various technical and executive leadership positions at the GE Aviation unit of General Electric Company, including General Manager, Turbine Airfoils Center of Excellence; President, Unison Industries; and President, Middle River Aircraft Systems. Ms. Alvord holds a B.S. degree in Political Science, and a B.S. and M.S. degree in Mechanical Engineering, all from Massachusetts Institute of Technology, and an M.B.A. from Harvard Graduate School of Business Administration.
Albany International Chairman Erland (Erkie) Kailbourne said, “Christy’s extensive experience in manufacturing environments, particularly her managerial and leadership skills, as well as her previous responsibilities with GE Aviation, will contribute to the Company’s focus on lean manufacturing and continuous improvement processes, particularly as it continues to ramp its Albany Engineered Composites segment. She brings to the role significant knowledge and experience regarding talent management, manufacturing operations and strategic development in the aerospace industry. Ms. Alvord will be a valuable contributor to our Board, and I take great pleasure in welcoming her as a new Director.”
About Albany International Corp.
Albany International is a leading developer and manufacturer of engineered components, using advanced materials processing and automation capabilities, with two core businesses. Machine Clothing is the world’s leading producer of custom-designed, consumable fabrics and process belts essential for the manufacture of all grades of paper products. Albany Engineered Composites is a growing designer and manufacturer of advanced materials-based engineered components for demanding aerospace applications, supporting both commercial and military platforms. Albany International is headquartered in Rochester, New Hampshire, operates 23 facilities in 11 countries, employs approximately 4,100 people worldwide, and is listed on the New York Stock Exchange (Symbol AIN). Additional information about the Company and its products and services can be found at www.albint.com.
John Hobbs
603-330-5897
This email address is being protected from spambots. You need JavaScript enabled to view it.
ZURICH--(BUSINESS WIRE)--ABB E-mobility will host its virtual Capital Markets Day today, February 10, 2022, starting at 2pm CET. Frank Mühlon, CEO, and Alex Hall, CFO of ABB’s E-mobility division, as well as other members of the executive team, will give an insight into its product offering, including electric vehicle charging products, digital services and advanced energy and fleet management solutions, as well as its growth strategy.
“We are a leader in building a zero-emission future, with smart and reliable electric vehicle charging solutions. We are perfectly aligned to the current E-mobility trends and see massive market opportunities driven by the global electrification and digitalization agendas of countries, corporations and individuals,” said Mühlon.
According to external estimates1, roughly 130 million new electric vehicles are expected on roads in key markets2 from 2021 to 2030, while some $590 billion in investment in EV charging infrastructure is required from 2021 to 2040 to meet global emission targets.
ABB entered the EV-charging market in 2010 and today is a world leader in EV charging solutions having sold more than 680,000 electric vehicle chargers across more than 85 markets: over 30,000 DC fast chargers and 650,000 AC chargers. It has a portfolio of EV charging hardware for cars through to public transport and heavy-duty vehicles, software and services with a variety of B2B and B2C networked solutions and fleet management platforms.
Over the last four years, ABB’s E-mobility division achieved a compound annual growth (CAGR) rate in its revenues of about 60 percent, driven by accelerating order growth across all customer segments and strategic acquisitions across targeted geographies. So far this year, ABB has announced the acquisition of a controlling interest in InCharge Energy, a North American electric vehicle (EV) commercial charging infrastructure solutions company, and increased its existing controlling stake in Chargedot, a leading Chinese e-mobility solution provider.
The business is targeting revenue growth of 40-45 percent in 2022 after achieving $323 million in revenues in 2021, backed by a significant order intake and resulting order backlog. In the mid-term, ABB expects revenues to outperform the market by growing 25-30 percent per year. To support its ongoing growth story, the company has a funding need of approximately $750 million to finance acquisitions and organic growth investments.
In terms of profitability, the division is expecting an operational EBITDA margin around break-even in 2022 as the focus remains on investing heavily in growth. In the mid-term, an operational EBITDA margin of 15-20 percent is targeted driven by operating leverage, as well as a different portfolio mix as the company’s software solutions and digital services offering grow.
ABB E-mobility aims to migrate from a hardware-focused business towards a balance with software and digital services, offering customers access to fully integrated end-to-end platforms, with the aim of securing higher gross margins and recurring revenues.
Digital solutions enable customers to efficiently maintain and manage a charging network. Meanwhile, advanced energy and fleet management offerings help customers to optimize the performance of both chargers and their EVs, while enabling lower cost of ownership. Last year, ABB’s digital e-mobility venture, PANION, together with Amazon Web Services (AWS) launched the test phase of their first jointly developed, cloud-based solution, designed for the real-time management of electric vehicle (EV) fleets and charging infrastructure.
ABB has been one of the first movers to bring innovations to the EV charging market, including the liquid cooling applied to cables for high-power chargers, bi-directional charging with frequency containment reserve that means EV drivers can export surplus power back to the grid, as well as the launch of the Terra 360 kW – the world’s fastest EV charger.
Since 2017, ABB has invested $256 million in the E-mobility business. A culture of innovation is driven by over 350 R&D experts, who are part of a total workforce of approximately 1,000. Its five production hubs are in the US, China, Poland, Hungary and Italy – its largest plant, which will be fully operational in mid-2022. In addition, it has eight R&D sites worldwide and has more than 350 patents granted.
Two exciting projects in development include supporting the electrification of long-range trucks by developing a new standard megawatt charging system (MCS), which will support up to 3MW. The first systems have already been sold to leading truck OEMs. Furthermore, ABB is developing a dedicated liquid cooled charger for the Chinese market with dynamic load allocation and up to four dispensers, enabling a charging speed of up to 200 km of range in five minutes.
As part of the strategy to fund future growth, a separate legal entity for this business - ABB E-mobility Holding AG - has been created, to which, Michael Halbherr (57) has been appointed Chairman. Swiss national Halbherr started his career at Boston Consulting Group and has been CEO of mobile maps and navigation pioneer gate5, which was acquired by Nokia. He then became part of Nokia’s leadership team, running their Services business unit and then HERE Technologies as a CEO, which was sold later to a consortium of German automotive companies to serve as the foundation for the autonomous driving revolution. He is currently a founder, investor and board member of several start-up technology companies, as well as a Board Member of Zurich Insurance Group and Vontobel Holding of Switzerland.
Note to editors: A link to the Capital Markets Day presentation can be accessed on the ABB Investor Relations website from 2:00pm CET.
ABB (ABBN: SIX Swiss Ex) is a leading global technology company that energizes the transformation of society and industry to achieve a more productive, sustainable future. By connecting software to its electrification, robotics, automation and motion portfolio, ABB pushes the boundaries of technology to drive performance to new levels. With a history of excellence stretching back more than 130 years, ABB’s success is driven by about 105,000 talented employees in over 100 countries. www.abb.com
Important notice about forward-looking information
This press release includes forward-looking information and statements which are based on current expectations, estimates and projections about the factors that may affect our future performance, including the economic conditions of the regions and industries that are major markets for ABB. These expectations, estimates and projections are generally identifiable by statements containing words such as “anticipates”, “expects,” “believes,” “estimates,” “plans”, “targets”, “aims” or similar expressions. However, there are many risks and uncertainties, many of which are beyond our control, that could cause our actual results to differ materially from the forward-looking information and statements made in this press release and which could affect our ability to achieve any or all of our stated targets or anticipated transactions. Some important factors that could cause such differences include, among others, business risks associated with the COVID-19 pandemic, the volatile global economic environment and political conditions, costs associated with compliance activities, market acceptance of new products and services, changes in governmental regulations and currency exchange rates and such other factors as may be discussed from time to time in ABB Ltd’s filings with the U.S. Securities and Exchange Commission, including its Annual Reports on Form 20-F. Although ABB Ltd believes that its expectations reflected in any such forward-looking statement are based upon reasonable assumptions, it can give no assurance that those expectations will be achieved. The foregoing list of factors is not exclusive and undue reliance should not be placed upon any forward-looking statements, including projections, which speak only as of the date made.
Important notice about financial information
Certain financial information of ABB E-mobility for the years 2019, 2020 and 2021 presented herein has been prepared in accordance with U.S. GAAP, is in draft form, and remains subject to completion and amendment. Such financial information has been prepared on a combined carve-out basis from the consolidated financial statements of ABB Ltd. and therefore may not necessarily be representative of past results. Certain financial data included in this press release consist of non-U.S. GAAP financial measures. These non-U.S. GAAP financial measures may not be comparable to similarly titled measures presented by other companies, nor should they be construed as an alternative to other financial measures determined in accordance with U.S. GAAP. You are cautioned not to place undue reliance on any non-U.S. GAAP financial measures and ratios included herein. In addition, the financial information contained herein has not been audited, confirmed or otherwise covered by a report by independent accountants and, as such, actual data could vary, possibly significantly, from the data set forth herein.
1 Roland Berger and Bloomberg New Energy Outlook (BNEF)
2 18 ABB E-mobility core countries (Belgium, Canada, China, Denmark, Finland, France, Germany, Italy, India, Japan, Luxembourg, Netherlands, Norway, Singapore, Spain, Sweden, UK, US)
For more information please contact:
ABB Ltd
Affolternstrasse 44
8050 Zurich
Switzerland
Media Relations
Phone: +41 43 317 71 11
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
or
Investor Relations
Phone: +41 43 317 71 11
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
TULSA, Okla.--(BUSINESS WIRE)--NGL Energy Partners LP (NYSE: NGL) (“NGL” or the “Partnership”) announced today that the Partnership recently signed a new long-term produced water transportation, recycling and disposal agreement with a leading, investment grade independent producer operating within the Delaware Basin. The new dedicated long-term agreement spans an area over 300,000 acres in New Mexico and Texas and includes committed produced water volumes and recycled water services. As it has with other recent dedications, the Partnership plans to leverage its existing infrastructure and significant disposal capacity to service this new contract. “We are pleased to announce this agreement with this long-standing customer as it allows us to grow with them as they continue to develop their resource and it significantly increases our dedicated acreage portfolio in the Delaware Basin to a total of more than 660,000 acres,” said Doug White, EVP of Water Solutions.
NGL owns and operates the largest integrated network of large diameter produced water pipelines, recycling facilities and disposal wells in the Delaware Basin. The Partnership’s Water Solutions segment operates in a number of the most prolific crude oil and natural gas producing areas including the Delaware Basin in New Mexico and Texas, the Midland Basin in Texas, the DJ Basin in Colorado and the Eagleford Basin in Texas.
Forward Looking Statements
Certain matters contained in this press release include “forward-looking statements.” All statements, other than statements of historical fact, included in this press release may constitute forward-looking statements. Although we believe that the expectations reflected in these forward-looking statements are reasonable, we cannot assure you that these expectations will prove to be correct. These forward-looking statements are subject to certain known and unknown risks and uncertainties, as well as assumptions that could cause actual results to differ materially from those reflected in these forward-looking statements. Factors that might cause actual results to differ include, but are not limited to, the risk factors discussed from time to time in each of our documents and reports filed with the SEC.
Readers are cautioned not to place undue reliance on any forward-looking statements contained in this press release, which reflect management’s opinions only as of the date hereof. Except as required by law, we undertake no obligation to revise or publicly release the results of any revision to any forward-looking statements.
About NGL Energy Partners LP
NGL Energy Partners LP, a Delaware limited partnership, is a diversified midstream energy company that transports, stores, markets and provides other logistics services for crude oil, natural gas liquids and other products and transports, treats and disposes of produced water generated as part of the oil and natural gas production process. For further information, visit the Partnership’s website at www.nglenergypartners.com.
NGL Energy Partners LP
Commercial:
Christian Holcomb, 303-815-1010
Senior Vice President & Chief Operating Officer – NGL Water Solutions
This email address is being protected from spambots. You need JavaScript enabled to view it.
Investor Relations:
Linda Bridges, 918-481-1119
Chief Financial Officer
This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "On-Demand Product: China Natural Gas Map (Hunan) Analyst Edition" map has been added to ResearchAndMarkets.com's offering.
The map introduces the latest status of 662+ natural gas project in China's Hunan province, including franchised city gas zones, gas pipelines, key distribution stations, LNG plants, LNG Satellite Stations, LNG receiving terminals, CNG plants, key power users, shale gas E&P projects;
Map Details
Map Features
Projects in this Map (the exact project number is subject to the date your map is tailor-made)
Tables in this Map
For more information about this map visit https://www.researchandmarkets.com/r/4jw366
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
EL DORADO, Ark.--(BUSINESS WIRE)--The Board of Directors of Murphy USA Inc. (NYSE: MUSA) today declared a quarterly cash dividend on the Common Stock of Murphy USA Inc. of $0.29 per share, or $1.16 per share on an annualized basis. The dividend is payable on March 3, 2022, to stockholders of record as of February 21, 2022.
About Murphy USA
Murphy USA (NYSE: MUSA) is a leading retailer of gasoline and convenience merchandise with more than 1,650 stores located primarily in the Southwest, Southeast, Midwest and Northeast United States. The company and its team of nearly 15,000 employees serve an estimated two million customers each day through its network of retail gasoline and convenience stores in 27 states. The majority of Murphy USA's stores are located in close proximity to Walmart Supercenters. The company also markets gasoline and other products at standalone stores under the Murphy Express and QuickChek brands. Murphy USA ranks 322 among Fortune 500 companies.
Forward-Looking Statements
Certain statements in this news release contain or may suggest “forward-looking” information (as defined in the Private Securities Litigation Reform Act of 1995) that involve risk and uncertainties, including, but not limited to our M&A activity, anticipated store openings, fuel margins, merchandise margins, sales of RINs, trends in the Company’s operations, dividends and share repurchases. Such statements are based upon the current beliefs and expectations of the Company’s management and are subject to significant risks and uncertainties. Actual future results may differ materially from historical results or current expectations depending upon factors including, but not limited to: the Company’s ability to realize projected synergies from the acquisition of QuickChek and successfully expand our food and beverage offerings; the Company’s ability to continue to maintain a good business relationship with Walmart; successful execution of the Company’s growth strategy, including the Company’s ability to realize the anticipated benefits from such growth initiatives, and the timely completion of construction associated with the Company’s newly planned stores which may be impacted by the financial health of third parties; the Company’s ability to effectively manage the Company’s inventory, disruptions in the Company’s supply chain and the Company’s ability to control costs; the impact of severe weather events, such as hurricanes, floods and earthquakes; the impact of a global health pandemic, such as COVID-19, including the impact on the Company’s fuel volumes if the gradual recoveries experienced throughout 2020 and 2021 stall or reverse as a result of any resurgence in COVID-19 infection rates and government reaction in response thereof; the impact of any systems failures, cybersecurity and/or security breaches of the company or its vendor partners, including any security breach that results in theft, transfer or unauthorized disclosure of customer, employee or company information or the Company’s compliance with information security and privacy laws and regulations in the event of such an incident; successful execution of the Company’s information technology strategy; reduced demand for our products due to the implementation of more stringent fuel economy and greenhouse gas reduction requirements, or increasingly widespread adoption of electric vehicle technology; future tobacco or e-cigarette legislation and any other efforts that make purchasing tobacco products more costly or difficult could hurt the Company’s revenues and impact gross margins; changes to the Company’s capital allocation, including the timing, declaration, amount and payment of any future dividends or levels of the Company’s share repurchases, or management of operating cash; the market price of the Company’s stock prevailing from time to time, the nature of other investment opportunities presented to the Company from time to time, the Company’s cash flows from operations, and general economic conditions; compliance with debt covenants; availability and cost of credit; and changes in interest rates. Murphy USA’s SEC reports, including its most recent annual report on Form 10-K and quarterly reports on Form 10-Q, contain other information on these and other factors that could affect our financial results and cause actual results to differ materially from any forward-looking information we may provide. Murphy USA undertakes no obligation to update or revise any forward-looking statements to reflect subsequent events, new information or future circumstances.
Investor Contact:
Christian Pikul – Vice President of Investor Relations and FP&A
This email address is being protected from spambots. You need JavaScript enabled to view it.
Mitchell Freer – Investor Relations Analyst
This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "On-Demand Product: 2022 China Natural Gas Map (Jiangsu) Analyst Edition" map has been added to ResearchAndMarkets.com's offering.
The map introduces the latest status of 1119+ natural gas project in China's Jiangsu province, including franchised city gas zones, gas pipelines, key distribution stations, conventional gas fields/blocks, LNG plants, LNG Satellite Stations, LNG receiving terminals, CNG plants, key power users, key gas chemical users, shale gas E&P projects, underground gas storages, coal gas methanation plants.
Map Details
Map Features
Projects in this Map (the exact project number is subject to the date your map is tailor-made)
Tables in this Map
For more information about this map visit https://www.researchandmarkets.com/r/7qkuyk
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
HOUSTON--(BUSINESS WIRE)--SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow” or “the Company”) announced today it will release financial and operating results for the fourth quarter and full year 2021 and post an updated corporate presentation after market close on Wednesday, March 2, 2022. SilverBow will host a conference call to discuss its results on Thursday, March 3, 2022 at 11:00 a.m. Central Time (12:00 p.m. Eastern Time).
Dial-In: |
|
1-888-415-4465 (U.S.) |
1-646-960-0140 (International) |
||
Request SilverBow Resources Fourth Quarter and Full Year 2021 Earnings Conference Call |
||
Conference ID: 5410161 |
||
Webcast: |
|
Live and rebroadcast over the internet at: |
|
|
|
Replay: |
|
A replay will be available approximately two hours after the call through Thursday, March 31, 2022 at 10:59 p.m. Central Time (11:59 p.m. Eastern Time). The replay may be accessed by dialing 1-800-770-2030 or 1-647-362-9199, and referencing the Conference ID: 5410161. |
ABOUT SILVERBOW RESOURCES, INC.
SilverBow Resources, Inc. (NYSE: SBOW) is a Houston-based energy company actively engaged in the exploration, development, and production of oil and gas in the Eagle Ford Shale and Austin Chalk in South Texas. With over 30 years of history operating in South Texas, the Company possesses a significant understanding of regional reservoirs which it leverages to assemble high quality drilling inventory while continuously enhancing its operations to maximize returns on capital invested. For more information, please visit www.sbow.com. Information on the Company’s website is not part of this release.
Jeff Magids
Director of Finance & Investor Relations
(281) 874-2700, (888) 991-SBOW
LAS VEGAS--(BUSINESS WIRE)--$AGH #AmosKohn--BitNile Holdings, Inc. (NYSE American: NILE), a diversified holding company (the “Company”), announced today that its green energy technology and power supply subsidiary, TurnOnGreen, Inc. (“TurnOnGreen”), has partnered with The Glen Centre, in Los Angeles, Calif. to expand the property’s electric vehicle charging capabilities for its thousands of annual visitors. The electrification project is expected to be complete by March 2022 and will feature TurnOnGreen’s commercial network level 2 charger, the EVP700G, installed in the main parking lot. Drivers will be able to locate the chargers using the TurnOnGreen mobile application and initiate a charging session with the app, QR code, or RFID card. The TurnOnGreen mobile application is available for download on the App Store for iPhone users and Google Play for Android users.
The Glen Centre, a premier Southern California shopping destination, has served the communities of Sherman Oaks, Beverly Hills, West Los Angeles, and Bel Air since 1978. The property features 25 retail locations, including six restaurants, a supermarket, and the world-famous Herb Albert’s Vibrato jazz club. Conveniently located between West Los Angeles and the San Fernando Valley, The Glen Centre offers a five-star shopping and dining experience with an EV charging infrastructure ideal for drivers seeking an opportunity to charge.
“We are excited to partner with the Glen Centre in order to provide their guests access to EV charging solutions that will help promote zero-emission travel throughout this historic region of Los Angeles,” said Marcus Charuvastra, Chief Revenue Officer for TurnOnGreen. “As we expand our commercial charging programs throughout North America, TurnOnGreen will continue to provide businesses with the opportunity to monetize their parking spaces while meeting their sustainability goals.”
According to the United States Department of Energy Alternative Fuels Data Center, there are 46,000 public charging stations in the U.S. and 1.8 million EVs on the road. The Edison Electric Institute estimates that there will be 22 million EV’s on U.S. roads by 2030 and will make up more than 27% of annual U.S. light-duty vehicle sales.
For more information on TurnOnGreen’s product line, please visit www.TurnOnGreen.com.
For more information on BitNile Holdings and its subsidiaries, BitNile recommends that stockholders, investors, and any other interested parties read BitNile’s public filings and press releases available under the Investor Relations section at www.BitNile.com or available at www.sec.gov.
About BitNile Holdings, Inc.
BitNile Holdings, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, BitNile owns and operates a data center at which it mines Bitcoin and provides mission-critical products that support a diverse range of industries, including defense/aerospace, industrial, automotive, telecommunications, medical/biopharma, and textiles. In addition, BitNile extends credit to select entrepreneurial businesses through a licensed lending subsidiary. BitNile’s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.BitNile.com.
About TurnOnGreen, Inc.
TurnOnGreen Inc. designs and manufactures innovative, feature-rich, and top-quality power products for mission-critical applications, lifesaving and sustaining applications spanning multiple sectors in the harshest environments. The diverse markets we serve include defense and aerospace, medical and healthcare, industrial, telecommunications and e-Mobility. TurnOnGreen brings decades of experience to every project, working with our clients to develop leading-edge products to meet a wide range of needs. TurnOnGreen’s headquarters are located at Milpitas, CA; www.TurnOnGreen.com.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at www.BitNile.com.
This email address is being protected from spambots. You need JavaScript enabled to view it. or 1-888-753-2235
EDEN PRAIRIE, Minn.--(BUSINESS WIRE)--#CHRobinson--C.H. Robinson Worldwide, Inc. (“C.H. Robinson”) (Nasdaq: CHRW) announced that its Board of Directors today declared a regular quarterly cash dividend of 55 cents ($0.55) per share, payable on April 1, 2022, to shareholders of record on March 4, 2022.
C.H. Robinson has distributed uninterrupted dividends without decline for more than twenty years. As of February 10, 2022, there were approximately 128,703,756 shares outstanding.
About C.H. Robinson
C.H. Robinson solves logistics problems for companies across the globe and across industries, from the simple to the most complex. With $28 billion in freight under management and 20 million shipments annually, we are one of the world’s largest logistics platforms. Our global suite of services accelerates trade to seamlessly deliver the products and goods that drive the world’s economy. With the combination of our multimodal transportation management system and expertise, we use our information advantage to deliver smarter solutions for our 100,000 customers and 85,000 contract carriers. Our technology is built by and for supply chain experts to bring faster, more meaningful improvements to our customers’ businesses. As a responsible global citizen, we are also proud to contribute millions of dollars to support causes that matter to our company, our Foundation and our employees. For more information, visit us at www.chrobinson.com (Nasdaq: CHRW).
CHRW-IR
Chuck Ives, Director of Investor Relations
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "On-Demand Product: 2022 China Natural Gas Map (Jiangxi) Analyst Edition" map has been added to ResearchAndMarkets.com's offering.
The map introduces the latest status of 582+ natural gas project in China's Jiangxi province, including franchised city gas zones, gas pipelines, key distribution stations, LNG plants, LNG Satellite Stations, LNG receiving terminals, CNG plants, key power users, shale gas E&P projects, underground gas storages.
Map Details
Map Features
Projects in this Map (the exact project number is subject to the date your map is tailor-made)
Tables in this Map
For more information about this map visit https://www.researchandmarkets.com/r/9bx8ur
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Cloud-based PDI POS Solutions offer deep functionality to support convenience, fuel retail, and foodservice operations with seamless integration to the retailer ecosystem
ATLANTA--(BUSINESS WIRE)--PDI (www.pdisoftware.com), a global provider of leading software solutions for the convenience retail and petroleum wholesale industries, today announced it has signed an agreement with Chevron Singapore Pte. Ltd. (Chevron) to implement cloud-based PDI Point-of-Sale (POS) Solutions. The agreement provides support to multiple countries in the Asia-Pacific (APAC) region and across the Chevron retail network, integrating with existing PDI back-office and home-office business solutions that simplify complex operations across all profit centers. PDI POS Solutions support convenience, fuel retail, and foodservice operations for Chevron with seamless integration across the company’s extensive retailer ecosystem.
In November 2020, PDI announced it would implement the next generation of PDI Envoy back-office and home-office software solutions at corporate-owned Chevron sites across APAC. Today’s announcement enables Chevron to continue leveraging the global team of PDI experts to support the ongoing digital transformation efforts in the region. In particular, Chevron will rely on the powerful, intuitive, and reliable PDI technology stack to create a foundation for future advanced technology investments.
“We’re excited to expand our longstanding relationship with Chevron in APAC. It’s a privilege to serve and enable customers like Chevron so they can benefit from PDI technology investments in the convenience petroleum industry,” said Brad McGuinness, Senior Vice President, POS Solutions at PDI. “This announcement legitimizes the significant investments PDI is making in the industry, international markets, and our solution portfolio.”
PDI leads the market in delivering solutions that provide essential building blocks for digital transformation, both to expand and future-proof operations. Leading retailers, like Chevron, continue to invest in technology that optimizes business operations and helps improve the guest experience with innovative POS solutions.
”To enhance our customer experience and increase enterprise productivity, we are refreshing our POS solutions,” said Dean Gilbert, General Manager, Marketing and Sales Support, Chevron, APAC. “PDI is a dedicated and trusted partner with a proven track record of supporting us in the region. Deep industry expertise from PDI contributes to Chevron success within the Asia-Pacific region and we’re excited to extend this to POS.”
With PDI POS Solutions, Chevron can increase customer-centricity with robust promotions and operations that also deliver better oversight of the business, including real-time updates on inventory, sales, pricing, and staffing.
Sin Hin Wong, PDI General Manager and Vice President of Sales APAC, said, “Chevron is focused on enhancing the customer experience, and a modern, integrated POS solution helps them achieve that goal while increasing enterprise productivity. We look forward to working with Chevron across the various parts of their retail operations in Asia and throughout the Pacific region.”
About PDI
Professional Datasolutions, Inc. (PDI) software helps businesses and brands increase sales, operate more efficiently and securely, and improve critical decision-making. Since 1983, PDI has proudly served the convenience retail and petroleum wholesale industries. Over 1,500 companies, representing more than 200,000 locations worldwide, count on PDI solutions and expertise to deliver convenience and energy to the world. For more information about PDI, visit us at www.pdisoftware.com.
About Chevron
Chevron is one of the world’s leading integrated energy companies. We believe affordable, reliable and ever-cleaner energy is essential to achieving a more prosperous and sustainable world. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry. We are focused on lowering the carbon intensity in our operations and seeking to grow lower carbon businesses along with our traditional business lines. More information about Chevron is available at www.chevron.com.
Kelly O’Brien
This email address is being protected from spambots. You need JavaScript enabled to view it.
Dimitra Farou
This email address is being protected from spambots. You need JavaScript enabled to view it.
Companies Combined Data Intelligence to Help Transform Global Trade
VIENNA, Va.--(BUSINESS WIRE)--Spire Global, Inc. (NYSE: SPIR) (“Spire” or “the Company”), a leading global provider of space-based data, analytics, and space services, announced today a new agreement with Sinay, a technology company that helps maritime-based businesses around the world manage data related to operations and environmental impacts. Together, Spire and Sinay are leveraging data and machine learning to develop global maritime solutions.
Sinay has developed the Sinay Hub, a cloud-based solution that uses advanced AI algorithms to offer real-time environmental and logistic monitoring for maritime industry stakeholders that want to improve their efficiency and sustainability through data. The Hub tool creates real-time situational awareness, allowing the maritime industry to make the right decisions, drive more efficiency and easily comply with regulations.
Spire is integrating its historical and real-time automatic identification system (AIS) data into Sinay’s machine learning model. Using Spire’s data, Sinay’s AI technology will determine maritime routes, classify vessels and train the machine learning model to improve AI algorithms and predict a reliable Estimated Time of Arrival (ETA). Sinay has been a long-term partner of Spire’s, leveraging the company’s AIS data for more than two years. In addition to AIS data, Sinay is now looking at integrating maritime weather insights for cargo tracking by modeling weather conditions and ETA’s that employ machine learning to define the best route for cargo delivery.
“Modern businesses rely on having current, precise, and reliable data to make informed decisions. Spire’s data and analytics enable us to confidently deliver real-time situational awareness, allowing the maritime industry to tap into the power of AI and data to make optimal decisions, consistently, and in real-time,” said David Lelouvier, Managing Director, Sinay. “We look forward to continuing to work with Spire to provide our customers best-in-class, actionable global maritime data.”
“The impact of weather on the maritime industry and in turn global supply chains is something that we are uniquely able to help our customers mitigate,” said John Lusk, SVP and General Manager, Spire Maritime. “We are pleased to expand our relationship with Sinay to include this valuable data set alongside the historical and real-time AIS data that they have been utilizing in their models for years.”
About Spire Global, Inc.
Spire (NYSE: SPIR) is a leading global provider of space-based data, analytics, and space services, offering access to unique datasets and powerful insights about Earth from the ultimate vantage point so that organizations can make decisions with confidence, accuracy, and speed. Spire uses one of the world’s largest multi-purpose satellite constellations to source hard to acquire, valuable data and enriches it with predictive solutions. Spire then provides this data as a subscription to organizations around the world so they can improve business operations, decrease their environmental footprint, deploy resources for growth and competitive advantage, and mitigate risk. Spire gives commercial and government organizations the competitive advantage they seek to innovate and solve some of the world’s toughest problems with insights from space. Spire has offices in San Francisco, Boulder, Washington DC, Cambridge, Ontario, Glasgow, Luxembourg, and Singapore. To learn more, visit http://www.spire.com.
About Sinay
As a maritime data solution company, Sinay developed the Sinay Hub, a cloud-based solution that uses advanced AI algorithms to offer real-time environmental and logistic monitoring for maritime industry stakeholders that want to improve their efficiency and sustainability through data. Learn more at https://sinay.ai/en/
For Spire Global, Inc.:
Andrew Cameron
This email address is being protected from spambots. You need JavaScript enabled to view it.
For Sinay SAS
David Lelouvier
This email address is being protected from spambots. You need JavaScript enabled to view it.
The new lithium-ion batteries will provide ~ 161 MW of additional capacity
Video of existing SDG&E energy storage available here
SAN DIEGO--(BUSINESS WIRE)--Today, the California Public Utilities Commission (CPUC) authorized San Diego Gas & Electric (SDG&E) to build three new energy storage facilities totaling 161MW/644MWh in order to provide the state with greater capacity to meet high energy demand on summer days and at night after solar power dissipates. Altogether, these new projects will be able to provide enough capacity to meet the energy needs of more than 100,000 homes for up to four hours. Like other energy storage projects owned and operated by SDG&E, these new facilities will be connected to the state energy market, meaning the California Independent System Operator (CAISO) will be able to dispatch them any time they are needed to balance demand and supply on the grid statewide.
“Investing in advanced technologies like energy storage is critical to advancing our state and region’s aggressive climate goals, including getting to net zero greenhouse gas emissions, with the added benefit of making the energy grid more resilient,” SDG&E Vice President of Energy Innovation Miguel Romero said. “Project by project, step by step, we are making progress toward a cleaner, safer and more reliable energy future.”
Battery storage works by capturing renewable resources like wind and solar when they are abundant during the day, then sending that energy back to the grid when it is needed.
The new facilities, which are slated to be completed in late 2022/early 2023, stemmed from the Emergency Reliability rulemaking proceeding under which the CPUC directed utilities to contract for additional capacity to bolster the grid. The projects are the latest of a series of energy storage investments SDG&E has been making. The company completed the Top Gun Energy Storage, a 30MW/120MWh lithium-ion battery system, last June. By March, SDG&E plans to begin commercial operation of another lithium-ion battery storage facility in Kearny Mesa, which will provide 20MW/80MWh. A third lithium-ion storage facility, 40MW/160MWh, is under construction in Fallbrook. By year end 2022, SDG&E expects to have 145MW of SDG&E-owned storage connected to the regional grid (the equivalent needed to serve about 94,000 homes for four hours). To learn more about SDG&E’s clean energy projects, visit sdge.com/sustainability.
SDG&E is an innovative San Diego-based energy company that provides clean, safe and reliable energy to better the lives of the people it serves in San Diego and southern Orange counties. The company is committed to creating a sustainable future by providing its electricity from renewable sources; modernizing natural gas pipelines; accelerating the adoption of electric vehicles; supporting numerous non-profit partners; and, investing in innovative technologies to ensure the reliable operation of the region’s infrastructure for generations to come. SDG&E is a subsidiary of Sempra (NYSE: SRE). For more information, visit SDGEnews.com or connect with SDG&E on Twitter (@SDGE), Instagram (@SDGE) and Facebook.
Media Contact:
Krista Van Tassel
San Diego Gas & Electric
877-866-2066
This email address is being protected from spambots. You need JavaScript enabled to view it.
Twitter: @sdge
Jeneanne Hanley, Gena Lovett and Susan Huppertz bring valuable executive experience spanning automotive and high-volume manufacturing
SAN JOSE, Calif.--(BUSINESS WIRE)--QuantumScape Corporation (NYSE: QS) has appointed three new members to its board of directors: Jeneanne Hanley, former senior vice president at Lear Corporation; Gena Lovett, former vice president of operations for defense, space and security at Boeing; and Susan Huppertz, chief manufacturing and supply chain officer at Hubbell Inc. The appointments were approved by a unanimous vote of existing board members. Also, long-time director John Doerr, chairman of Kleiner Perkins, is retiring from the QuantumScape board after over a decade of service.
“Jeneanne, Gena and Susan bring extensive leadership experience across large-scale manufacturing and the automotive industry,” said Jagdeep Singh, co-founder, chairman and CEO of QuantumScape. “Their extraordinary accomplishments and perspectives will add new and valuable depth to our world-class board, especially as we scale up manufacturing. I’d also like to thank my friend John Doerr for his innumerable contributions to our company over the years; we are grateful for his support and the inspiration he instilled in so many of us.”
Hanley most recently served as SVP and E-Systems president at Lear Corporation, where she led a global division with over 70,000 employees, 50 manufacturing facilities and $5 billion in revenue focused on delivering products to the automotive industry. Over her 25-years at Lear, Hanley helped grow the business from a small-cap company to a Fortune 500 leader through several senior positions spanning engineering, product development, and sales and marketing. She is currently on the Board of Directors for KLA Corporation, a leading supplier of equipment to the semiconductor industry.
An accomplished executive, Lovett has vast manufacturing experience and has held numerous leadership roles in operations management and business turnaround. She was most recently with Boeing as VP of operations for Defense, Space and Security, where she led nearly 10,000 employees and ran operations for the $30 billion business. Previously, she served as Alcoa’s Director of Manufacturing and Chief Diversity Officer and held various manufacturing roles at Ford Motor Company. Lovett also serves on the boards of AdvanSix Inc. and Trex Company Inc.
Huppertz is a high-volume manufacturing and operations efficiency specialist, serving in leadership roles at several major multinational companies. In her current role as chief manufacturing and supply chain officer at Hubbell, a global manufacturer of electrical supplies, she manages the operations of more than 60 factories on five continents. She was previously VP of global operations at TE Connectivity. Before that, she held numerous leadership positions over her 20-year tenure at Siemens, including SVP of global manufacturing and supply chain.
QuantumScape’s Board of Directors also includes Jagdeep Singh; Frank Blome, head of Volkswagen Group's Center of Excellence for Battery Cells; Brad Buss, former Tesla board member and CFO of Cypress Semiconductor and SolarCity; Prof. Dr. Jürgen Leohold, former executive director of Group Research at Volkswagen Group; Justin Mirro, CEO of Kensington Capital; Prof. Fritz Prinz, co-founder of QuantumScape and professor of materials science and engineering at Stanford University; Dipender Saluja, partner at Capricorn Investment Group; J.B. Straubel, co-founder and former CTO of Tesla, and CEO of Redwood Materials; and Jens Wiese, head of investment advisory and partnerships at Volkswagen Group.
About QuantumScape Corporation
QuantumScape is a leader in developing next-generation solid-state lithium-metal batteries for electric vehicles. The company is on a mission to revolutionize energy storage to enable a sustainable future. For more information, please visit www.quantumscape.com.
Forward-Looking Statements
The information in this press release includes a “forward-looking statement” within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, including, without limitation, regarding the development, timeline and performance of QuantumScape’s products and technology are forward-looking statements.
These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside QuantumScape’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to the following: (i) QuantumScape faces significant barriers in its attempts to scale and complete development of its solid-state battery cell and related manufacturing processes, and development may not be successful, (ii) QuantumScape may encounter substantial delays in the development, manufacture, regulatory approval, and launch of QuantumScape solid-state battery cells and building out of QS-0 and the QS Campus, which could prevent QuantumScape from commercializing products on a timely basis, if at all, and (iii) QuantumScape may be unable to adequately control the costs of manufacturing its solid-state separator and battery cells. QuantumScape cautions that the foregoing list of factors is not exclusive. Additional information about factors that could materially affect QuantumScape is set forth under the “Risk Factors” section in the QuantumScape’s Annual Report on Form 10-Q filed with the Securities and Exchange Commission on October 28, 2021, and available on the SEC’s website at www.sec.gov.
Except as otherwise required by applicable law, QuantumScape disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. Should underlying assumptions prove incorrect, actual results and projections could different materially from those expressed in any forward-looking statements.
For Media
This email address is being protected from spambots. You need JavaScript enabled to view it.
Leading U.S. Offshore Wind Service Provider Building Hybrid-Ready CTVs to Facilitate Construction of Renewable Power Generation
NEW BEDFORD, Mass.--(BUSINESS WIRE)--American Offshore Services, LLC (“A-O-S” or “the Company”), a crew transfer vessel (“CTV”) owner operator, announced a strategic partnership with Orion Infrastructure Capital (“Orion” or “OIC”) to build state-of-the-art CTVs designed to transport technicians and materials in varied offshore conditions. Under the arrangement, OIC will provide financing to build a series of CTVs at Blount Boats to service the United States’ emerging offshore wind industry.
Formed in 2020, A-O-S is a joint venture between European CTV operator, Northern Offshore Services (N-O-S), and U.S. offshore logistics company, SEA.O.G Offshore, to provide services to the U.S. offshore wind industry. In November, A-O-S placed an order for four hybrid-ready CTVs from Blount Boats of Warren, RI with plans for further expansion.
The new Jones Act compliant, 99-foot G-class vessels are based on best-in-class N-O-S CTV design, offering high efficiency and maximized performance. The aluminum catamarans will have a special compartment set aside for batteries to make the vessels hybrid-ready.
“A-O-S is thrilled to have the support of Orion. These partnerships are requisite to sustain our energy transition; and by building a hybrid-ready, Jones Act fleet for offshore wind farm construction, operations, and maintenance, we are doing just that,” said James Clouse, A-O-S CEO.
“We are excited to partner with A-O-S and finance the next generation of Jones Act compliant CTVs. These vessels are crucial to the successful construction of renewable power generation, which will be capable of powering millions of homes across the East Coast,” said Ethan Shoemaker, Investment Partner and Head of Infra Credit at OIC. “This partnership supports Orion’s objective to continue championing sustainable infrastructure. On behalf of the OIC team, we would like to thank James and his colleagues for selecting Orion to be their capital partner.”
RJM & Company, LLC served as financial advisor to the Company. Jones Walker LLP acted as legal advisor to A-O-S and Latham & Watkins LLP acted as legal advisor to OIC.
About OIC
With $2.8 billion in assets under management, OIC invests in North America and select international markets. OIC’s unique partnership approach – for entrepreneurs, by entrepreneurs – cultivates creative credit, equity, and growth capital solutions to help middle market businesses scale and deploy sustainable infrastructure. OIC’s target investment sectors include energy efficiency, digital infrastructure, social infrastructure, sustainable power generation, renewable fuels, waste & recycling, water, transportation, and agriculture. OIC (formerly known as Orion Energy Partners) was founded in 2015 by a team of energy and sustainability veterans, successful infrastructure investors, and former asset owners and industry operators. Across OIC’s platform is a team of 30 professionals based in New York, and Houston. For more information, please visit www.OIC.com.
Contact information for A-O-S
James Clouse
+1 (832) 405-2933
This email address is being protected from spambots. You need JavaScript enabled to view it.
Contact information for OIC
Bethany Gorham
+1 (212) 292-0968
This email address is being protected from spambots. You need JavaScript enabled to view it.
WALTHAM, Mass.--(BUSINESS WIRE)--PerkinElmer, Inc. (NYSE: PKI), a global leader committed to innovating for a healthier world, today announced that the Company will present at Citi’s 2022 Virtual Healthcare Conference on Thursday, February 24, 2022 at 8:45 a.m. ET.
Prahlad Singh, president and chief executive officer of PerkinElmer, will provide an overview on the Company and its strategic priorities during a fireside chat at this year’s virtual conference. To register, click here.
A live audio webcast will be available on the Investors section of the Company’s website at www.perkinelmer.com. A replay of the presentation will be posted on the PerkinElmer website after the event and will be available for 90 days following.
About PerkinElmer
PerkinElmer, Inc. is a global leader focused on innovating for a healthier world. The Company reported revenue of approximately $5.0 billion in 2021, has more than 16,000 employees serving customers in 190 countries, and is a component of the S&P 500 Index. Additional information is available at www.perkinelmer.com.
Investor Relations:
Steve Willoughby
(781) 663-5677
This email address is being protected from spambots. You need JavaScript enabled to view it.
Media Relations:
Chet Murray
(781) 663-5728
This email address is being protected from spambots. You need JavaScript enabled to view it.
BOSTON--(BUSINESS WIRE)--GE (NYSE:GE) and EDF announced today that they have signed an exclusive agreement for EDF to acquire part of GE Steam Power’s nuclear power activities. The proposed transaction would bring together GE’s nuclear steam turbine technology and services expertise with EDF strengthening its commitment to the nuclear power sector, creating an industry-leading global steam turbine equipment and services provider within EDF Group. Today, GE Steam Power’s nuclear steam turbines are installed in half of the world's nuclear power plants, including in all of EDF’s nuclear plants in France.
The proposed transaction includes GE Steam Power’s conventional island equipment for new nuclear power plants—including the world’s most powerful steam turbine in operation, the Arabelle turbine, as well as maintenance and upgrades for existing nuclear power plants. The transaction would also include steam turbine technology for future nuclear plants, like the next generation of European pressurized reactors (EPR2) and small modular reactors (SMR).
GE would retain a services-focused Steam Power business and continue to provide best-in-class services for more than 100GW of nuclear turbine islands in the Americas region, and it also retains GE Hitachi Nuclear Energy, a leading lifecycle provider for reactor islands, which will deploy Canada's first commercial, grid-scale SMR. GE remains committed to the nuclear sector and continues to invest in next-generation technology, which plays an important role in today’s energy transition.
The nuclear activities and teams in scope of the proposed transaction are based in about fifteen countries, with nearly 70 percent of the workforce in France, including at GE Steam Power manufacturing sites like Belfort and La Courneuve.
GE Chairman and CEO H. Lawrence Culp, Jr., said, “This plan supports GE’s efforts to focus our portfolio to be a best-in-class services partner to our Steam Power customers through the energy transition. Nuclear plays an important role in the energy transition, and GE will continue to support the industry through servicing our nuclear steam turbine fleet in the Americas as well as through GE Hitachi Nuclear Energy’s nuclear reactors, fuels, and services, including our SMR technology.”
Jean-Bernard Lévy, Chairman and Chief Executive Officer of EDF, said: “The climate emergency is reaffirming the role of nuclear energy. EDF is proud to contribute to the achievement of carbon neutrality by preserving this technology. This plan to acquire part of GE Steam Power’s nuclear activities including the Arabelle turbine will enable EDF to strengthen its key technologies and skills for the nuclear fleet in operation and for new nuclear projects in France and worldwide.”
Financial terms of the proposed transaction were not disclosed. The proposed transaction is subject to consultation with employee representatives and other customary closing conditions, including regulatory requirements. The transaction is expected to close in the first half of 2023.
Caution Concerning Forward-Looking Statements
This document contains forward-looking statements – that is, statements related to future events that by their nature address matters that are, to different degrees, uncertain. For details on the uncertainties that may cause our actual future results to be materially different than those expressed in our forward-looking statements, see https://www.ge.com/investor-relations/important-forward-looking-statement-information, as well as our SEC reports. We do not undertake to update our forward-looking statements.
About GE
GE (NYSE:GE) rises to the challenge of building a world that works. For more than 125 years, GE has invented the future of industry, and today the company’s dedicated team, leading technology, and global reach and capabilities help the world work more efficiently, reliably, and safely. GE’s people are diverse and dedicated, operating with the highest level of integrity and focus to fulfill GE’s mission and deliver for its customers. www.ge.com
About GE Steam Power
GE Steam Power offers a broad portfolio of technologies and services predominately for nuclear and coal power plants helping customers deliver reliable power as they transition to a lower carbon future. With more than 30% of the world’s steam turbine installed capacity and 50% of the world's steam turbines operating in nuclear power plants, GE Steam Power’s technologies and services can be applied to power plants that produce more than half of the world’s electricity today.
About EDF
A key player in energy transition, the EDF Group is an integrated electricity company, active in all areas of the business: generation, transmission, distribution, energy supply and trading, energy services. A global leader in low-carbon energies, the Group has developed a diversified generation mix mainly based on nuclear power renewable energy (hydropower) and invests in new technologies to support the energy transition energy. EDF’s raison d’être is to build a net zero energy future with electricity and innovative solutions and services, to help save the planet and drive well-being and economic development. The Group is involved in supplying energy and services to approximately 37.9 million customers (1), including 28.7 million in France (2). It generated consolidated sales of €69 billion in 2020. EDF is listed on the Paris Stock Exchange.
(1) As of 2018, customers are counted by delivery site; a customer may have two delivery points: one for electricity and another for gas.
(2) Including ÉS (Électricité de Strasbourg).
GE Investor Contact
Steve Winoker
617.443.3400
This email address is being protected from spambots. You need JavaScript enabled to view it.
GE Media Contacts
Andrea Doane
41.79.554.7013
This email address is being protected from spambots. You need JavaScript enabled to view it.
Mary Kate Mullaney
202.304.6514
This email address is being protected from spambots. You need JavaScript enabled to view it.
EDF Investor Contact
01 40 42 40 38
EDF Media Contact
This email address is being protected from spambots. You need JavaScript enabled to view it.
01 40 42 46 37
DUBLIN--(BUSINESS WIRE)--The "On-Demand Product: 2022 China CNG Supply Map Analyst Edition" map has been added to ResearchAndMarkets.com's offering.
The map introduces the latest status of China's 706+ CNG Plants
Map Details
Map Features
Industry Statistics Tables
Inset Maps
Map Samples
For more information about this map visit https://www.researchandmarkets.com/r/e3yejc
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
DUBLIN--(BUSINESS WIRE)--The "On-Demand Product: 2022 China Natural Gas Map (Henan) Analyst Edition" map has been added to ResearchAndMarkets.com's offering.
The map introduces the latest status of 1162+ natural gas project in China's Henan province, including franchised city gas zones, gas pipelines, key distribution stations, LNG plants, LNG Satellite Stations, CNG plants, key power users, key chemical users, conventional gas fields/blocks, shale gas E&P projects, underground gas storages, coal-based SNG plants;
Map Details:
Map Features
Projects in this Map (the exact project number is subject to the date your map is tailor-made)
Tables in this Map
For more information about this map visit https://www.researchandmarkets.com/r/zaeyh4
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
SANTA CRUZ, Calif.--(BUSINESS WIRE)--$JOBY--Joby Aviation, Inc. (NYSE:JOBY), a California-based company developing all-electric aircraft for commercial passenger service, today announced the Company has begun Federal Aviation Administration (FAA) conformity testing, a key milestone on the path to achieving type certification for its aircraft.
The start of conformity testing is a significant moment for Joby as the Company’s aircraft type certification program enters the “implementation phase” for the first time.
Joby’s first series of conformity tests, observed and documented by an on-site FAA Designated Engineering Representative (DER), were completed this week at Toray Advanced Composites USA’s facility in Morgan Hill, CA.
The testing, developed by Joby engineers, is designed to confirm the material strength of composite coupons that are representative of the aerostructure of Joby’s aircraft. The resulting compliance data will form the foundation for future testing of structural components of the aircraft as Joby progresses through the type certification process.
Each system and structure of the Joby aircraft will enter the implementation phase and begin conformity testing following completion and approval of requirements definition and compliance planning. During this phase, Joby will complete thousands of inspections and tests to demonstrate the airworthiness and safety of its aircraft before receiving a type certificate from the FAA.
“After years of development and company testing, we’re excited to formally begin the process of conformity testing,” said JoeBen Bevirt, founder and CEO of Joby. “We began engaging with the FAA in 2015 to lay the groundwork for certification of our aircraft, and today we move closer to bringing fast, clean and convenient aerial ridesharing to the world.”
In November, Joby completed its first FAA part conformity inspection as expected, confirming that the batch of test coupons used in the “for credit” testing conformed to the attributes and specifications of their associated design data and as intended for the aircraft’s type certification.
The coupons, constructed using a toughened epoxy and state-of-the-art carbon fiber, result in a material that is lighter and stronger than existing aerospace-grade composites, making it ideal for a high-performance eVTOL aircraft.
“Entering this stage of testing demonstrates that we’re capable of manufacturing composite parts in accordance with their design, our quality system is capable of producing conforming composite parts for the aircraft, and that we have the requisite traceability and design verification processes in place to progress toward our type and production certifications,” said Lina Spross, quality and supply chain lead at Joby.
In 2020, Joby became the first and only eVTOL company to sign a G-1 (stage 4) certification basis with the FAA, having received an initial (stage 2) signed G-1 from the FAA in 2019. In parallel with this work, the Company continues to make progress with the FAA on defining the means of compliance that will apply to its aircraft as it progresses with certification efforts.
ABOUT JOBY AVIATION
Joby Aviation, Inc. (NYSE:JOBY) is a California-headquartered transportation company developing an all-electric vertical take-off and landing aircraft which it intends to operate as part of a fast, quiet, and convenient air taxi service beginning in 2024. The aircraft, which has a maximum range of 150 miles on a single charge, can transport a pilot and four passengers at speeds of up to 200 mph. It is designed to help reduce urban congestion and accelerate the shift to sustainable modes of transit. Founded in 2009, Joby employs around 1,000 people, with offices in Santa Cruz, San Carlos, and Marina, California, as well as Washington, D.C. and Munich, Germany. To learn more, visit www.jobyaviation.com.
Forward Looking Statements
This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding the development and performance of our aircraft including our initial plant capacity and regulatory outlook; our business plan, objectives, goals and market opportunity; and our current expectations relating to our business, financial condition, results of operations, prospects and capital needs. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “anticipate”, “estimate”, "expect”, “project”, “plan”, “intend”, “believe”, “may”, “will”, “should”, “can have”, “likely” and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events. All forward looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including: our limited operating history and history of losses; our ability to launch our aerial ridesharing service and the growth of the urban air mobility market generally; our plans to operate a commercial passenger service beginning in 2024; the competitive environment in which we operate; our future capital needs; our ability to adequately protect and enforce our intellectual property rights; our ability to effectively respond to evolving regulations and standards relating to our aircraft; our reliance on a third-party suppliers and service partners; uncertainties related to our estimates of the size of the market for its aircraft and future revenue opportunities; and other important factors discussed in the section titled “Risk Factors” in our Registration Statement on Form S-1 (File No. 333-260608), filed with the Securities and Exchange Commission on October 29, 2021, and in other reports we file with or furnish to the Securities and Exchange Commission. Any such forward-looking statements represent management’s estimates and beliefs as of the date of this press release. While Joby may elect to update such forward-looking statements at some point in the future, it disclaims any obligation to do so, even if subsequent events cause its views to change.
Investors
This email address is being protected from spambots. You need JavaScript enabled to view it.
+1-831-201-6006
Media
This email address is being protected from spambots. You need JavaScript enabled to view it.
Offshore Source keeps you updated with relevant information concerning the Offshore Energy Sector.
Any views or opinions represented on this website belong solely to the author and do not represent those of the people, institutions or organizations that Offshore Source or collaborators may or may not have been associated with in a professional or personal capacity, unless explicitly stated.