Leading global shipping operator signs definitive agreement to purchase Pacific Northwest operator

PUYALLUP, Wash.--(BUSINESS WIRE)--Westwood Shipping Lines, an independent vessel operator specializing in the trade between the Pacific Northwest and Northeast Asia, today announced that its owner, J-WeSco Ltd., which is a subsidiary of the Sumitomo Warehouse Co Ltd, has signed a definitive agreement with Swire Shipping, a leading operator of liner shipping services in the Asia-Pacific, to acquire the U.S.-based company.

Westwood, founded in 1980, is headquartered in Puyallup, Wash. It serves as a niche operator serving the Japan, Korea, and China markets and ports in Washington state and British Columbia. Sumitomo Warehouse Co., is divesting itself of Westwood as part of a corporate strategy to focus on their core businesses of warehousing, stevedoring, real estate, and logistics, according to Westwood President and CEO Jack Mahoney. The sale is pending regulatory approval and the satisfaction of customary closing conditions.

“This is a win-win for everyone,” Mahoney said. “We are excited about joining the Swire Group because Westwood will now be a shipping company owned by a shipping company, one with a long history and wide Pacific presence. It will allow us to share synergies and tap new resources, expertise, and capabilities to serve our customers.”

Swire Shipping says the acquisition complements its growth strategy to widen its liner network while also vertically integrating many of its shipping services. James Woodrow, Managing Director, Swire Shipping said, “Over the years, we have been looking at strengthening our presence around the region and Westwood, with its excellent safety standards, high quality reputation, cargo handling abilities, and long-term customer relationships, emerged as a strong choice. We know that we will be building on Westwood’s sound business fundamentals, and we look forward to broadening our liner network.”

Jeremy Sutton, Chief Operating Officer, Swire Shipping, said after the closing of the acquisition, Westwood will continue to provide its current services with its strong team of professionals. Westwood will also retain its name.

“We are excited about this new chapter for Westwood and look forward to a bright future with Swire,” Mahoney added.

About Westwood Shipping Lines

Westwood Shipping Lines is an independent vessel operator, specializing in the trade between the Pacific Northwest and North Asia. Its approach to success is its personal service and versatility, combined with reliable schedules and superior cargo handling capabilities to safely transport its customers’ cargo. Oversized cargo, containers, breakbulk, and forest products sail together on the same Westwood ships. Its flexible ship design permits safe and efficient handling of all types of cargo — no matter how bulky or fragile. J-WeSco Ltd, a subsidiary of Sumitomo Warehouse Co Ltd, purchased Westwood Shipping Lines in 2011 from Weyerhaeuser. For more information, please visit www.wsl.com

About Swire Shipping

Swire Shipping is dedicated to facilitating and growing trade in regions where it operates, Swire Shipping provides several high frequency liner shipping services in the Asia Pacific markets, and specialises in providing a wide range of specialist customer solutions for project, heavy lift, refrigerated, breakbulk and mini bulk cargoes. It connects 400 ports via an extensive network of services in the Asia-Pacific and globally, and maintains a worldwide agency network in addition to its own representative offices across the Asia-Pacific, Pacific Islands, North America and Europe, providing its customers with dedicated service and expert market knowledge. For more information, please visit www.swireshipping.com.

Jennifer West
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+1 (509) 475-1855

DUBLIN--(BUSINESS WIRE)--The "Global Ammonia Market (by Application & Region): Insights & Forecast with Potential Impact of COVID-19 (2022-2026)" report has been added to ResearchAndMarkets.com's offering.

The global ammonia market is expected to record a value of US$78.60 billion in 2026, growing at a CAGR of 5.59%, for the time period of 2022-2026.

Companies Mentioned

• OCI
• Orica
• CF Industries
• Yara International
• Nutrien
• BASF SE

The factors such as growing demand for nitrogen, growing potentials of green ammonia as marine fuel, increasing demand for urea, increasing use of margarine, expansion of explosive industry and increasing demand for semiconductor would drive the growth of the market. However, the market growth would be challenged by higher initial capital requirements for green ammonia plant infrastructure and health effects of ammonia exposure. A few notable trends may include increasing manufacturing of pharmaceuticals, growing production of low-carbon hydrogen, upsurge in ammonia capacity and rising need for eco-friendly refrigerants.

The global ammonia market is highly competitive in nature and is currently witnessing constant price fluctuations. The industry is marked by the presence of global market players that are investing in the research & development activities for innovating new and developed processes. Owing to this, the adoption of ammonia is highly encouraged across various industries, which is accelerating the growth of the global ammonia market.

Scope of the report

• The report provides a comprehensive analysis of the global ammonia market
• The major regional markets (Asia Pacific, North America and Europe ROW), along with the country coverage of the U.S. have been analyzed.
• The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
• The company profiles of leading players (BASF SE Nutrien, Yara International, Orica, CF Industries and OCI) are also presented in detail.

Key Topics Covered:

1. Market Overview

2. COVID-19 Impact

2.1 Negative Impact on Agrochemical Industry

2.2 Decline in Petroleum Production

2.3 Downfall in the Copper Mine Production

2.4 Halt in the Textile Industry

3. Global Market

3.1 Global Ammonia Market by Value

3.2 Global Ammonia Market Forecast by Value

3.3 Global Ammonia Market Value by Application

3.3.1 Global Fertilizer Ammonia Market by Value

3.3.2 Global Fertilizer Ammonia Market Forecast by Value

3.3.3 Global Refrigerant Ammonia Market by Value

3.3.4 Global Refrigerant Ammonia Market Forecast by Value

3.3.5 Global Pharmaceutical Ammonia Market by Value

3.3.6 Global Pharmaceutical Ammonia Market Forecast by Value

3.3.7 Global Textile Ammonia Market by Value

3.3.8 Global Textile Ammonia Market Forecast by Value

3.4 Global Ammonia Market by Regions

3.5 Global Ammonia Market by Volume

3.6 Global Ammonia Market Forecast by Volume

4. Regional Market

5. Market Dynamics

5.1 Growth Drivers

5.1.1 Growing Demand for Nitrogen

5.1.2 Growing Potentials of Green Ammonia as Marine Fuel

5.1.3 Increasing Demand for Urea

5.1.4 Increasing Use of Margarine

5.1.5 Expansion of Explosives Industry

5.1.6 Increase in Demand for Semiconductor

5.2 Key Trends & Developments

5.2.1 Increasing Manufacturing of Pharmaceuticals

5.2.2 Growing Production of Low-Carbon Hydrogen

5.2.3 Upsurge in Ammonia Capacity

5.2.4 Rising Need for Eco-friendly Refrigerants

5.3 Challenges

5.3.1 Higher Initial Capital Requirements for Green Ammonia Plant Infrastructure

5.3.2 Health Effects of Ammonia Exposure

6. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/e9ktyz

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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~Record March Quarter Revenue Grows 17% to Over $610 Million~
~Same-Store Sales Growth of 7% on Top of 45% a Year Ago~
~Gross Margin Expands to 34%~
~Record Second Quarter Earnings Per Share of $2.37~
~Raises Fiscal Year 2022 Guidance~

CLEARWATER, Fla.--(BUSINESS WIRE)--MarineMax, Inc. (NYSE: HZO), the world’s largest recreational boat and yacht retailer, today announced record results for its second quarter ended March 31, 2022.

Revenue increased 17% to a record $610.1 million for the quarter ended March 31, 2022 from $523.1 million in the comparable period last year. The revenue growth was due to contributions from solid same-store sales growth of 7% on top of a 45% increase in the comparable quarter last year and recent strategic acquisitions. The improvement was driven by strong overall demand for boating despite the lean inventories. The Company’s significant geographic and product diversification, in combination with accretive acquisitions, and growth in gross profit, drove more than a 37% increase in net income to $53.5 million and a 40% increase in earnings per diluted share to $2.37. This compares to earnings per diluted share of $1.69 in the comparable period last year.

For the six months ended March 31, 2022, revenue grew 16% to $1.083 billion compared with $934.6 million for the same period last year. Same-store sales increased approximately 8% in the first half of fiscal year 2022 on top of 33% growth during the same period last year. Net income increased 43% to $89.5 million and earnings per diluted share increased 45% to $3.96 for the six months ended March 31, 2022. This compares to net income of $62.5 million, or $2.73 per diluted share, in the same period last year.

W. Brett McGill, Chief Executive Officer and President, stated, “We once again delivered record sales, earnings growth and cash flow in the quarter, driven by strong same-store sales growth up against a very tough comparison of 45% a year ago. Our market share is expanding as we introduce new customers to MarineMax and the boating lifestyle. Our exceptional customer service, affirmed by our record Net Promotor customer satisfaction levels, has resulted in many of our existing customers upgrading to larger and newer boats. I am extremely proud of our team’s execution as we extend our long record of producing meaningful same-store sales growth, even on top of significant compares, while executing on our balanced growth strategy.”

Mr. McGill continued, “As we enter our most active season, our demand and backlog provides us with continued confidence for the balance of fiscal 2022 and beyond. We anticipated two years ago that boating would be one of the beneficiaries of a changed world. This quarter is evidence of the sustainability of that trend and MarineMax’s ability to leverage our scale, global presence, product diversification, technology advancements, strong balance sheet and cycle tested team. Our record March quarter margins reflects the success of our ongoing focus of growing our higher margin and recurring revenue. The combination of robust operating leverage, significant cash flow and strong consumer demand will support sustainable internal and acquisition growth as we continue to enhance long-term shareholder value.”

Updated 2022 Guidance
Based on current business conditions, retail trends and other factors, the Company is raising its fiscal year 2022 guidance for earnings per diluted share to a range of $7.90 to $8.30, which is increased from its previously provided guidance of $7.60 to $8.00 per diluted share. This compares to earnings per diluted share of $6.78 in fiscal 2021. These expectations do not consider, or give effect for, material acquisitions that may be completed by the Company during fiscal 2022 or other unforeseen events, including changes in global economic conditions.

About MarineMax
MarineMax is the world’s largest recreational boat and yacht retailer, selling new and used recreational boats, yachts and related marine products and services, as well as providing yacht brokerage and charter services. MarineMax has over 100 locations worldwide, including 79 retail dealership locations, which includes 31 marinas or storage operations. Through Fraser Yachts and Northrop and Johnson, the Company also is the largest superyacht services provider, operating locations across the globe. Cruisers Yachts, a MarineMax company, manufactures boats and yachts with sales through our select retail dealership locations and through independent dealers. Intrepid Powerboats, a MarineMax company, manufactures powerboats and sells through a direct-to-consumer model. MarineMax provides finance and insurance services through wholly owned subsidiaries and operates MarineMax Vacations in Tortola, British Virgin Islands. The Company also operates Boatyard, a pioneering digital platform that enhances the boating experience. MarineMax is a New York Stock Exchange-listed company (NYSE: HZO). For more information, please visit www.marinemax.com.

Forward Looking Statement

Certain statements in this press release are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include the Company’s anticipated financial results for the second quarter ended March 31, 2022; the Company's confidence for the balance of fiscal 2022 and beyond; the sustainability of the trend that boating would be one of the beneficiaries of a changed world; the Company's ability to leverage its scale, global presence, product diversification, digital platform, strong balance sheet and cycle tested team; the Company's expectation that the combination of robust operating leverage, significant cash flow and strong consumer demand will support sustainable growth; the Company's enhancement of long-term shareholder value; and the Company's fiscal 2022 guidance. These statements are based on current expectations, forecasts, risks, uncertainties and assumptions that may cause actual results to differ materially from expectations as of the date of this release. These risks, assumptions and uncertainties include the Company’s abilities to reduce inventory, manage expenses and accomplish its goals and strategies, the quality of the new product offerings from the Company’s manufacturing partners, the performance of the recently-acquired businesses, the impacts (direct and indirect) of COVID-19 on the Company’s business, the Company’s employees, the Company’s manufacturing partners, and the overall economy, general economic conditions, as well as those within the Company's industry, the level of consumer spending, potential supply chain constraints and numerous other factors identified in the Company’s Form 10-K for the fiscal year ended September 30, 2021 and other filings with the Securities and Exchange Commission. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Michael H. McLamb
Chief Financial Officer
Abbey Heimensen
Public Relations
MarineMax, Inc.
727.531.1700

Brad Cohen or Dawn Francfort
ICR, LLC.
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Program will Operate and Manage LA Metro’s NextGen Countywide Signal Priority System as Part of Largest Project of its Kind in the Nation

• Iteris will operate and manage connected countywide signal priority technology for the Greater LA area, which serves more than 10 million residents, covering over 83 square miles of Los Angeles County communities.
• Project represents Iteris’ commitment to leveraging vehicle-to-infrastructure (V2X) technology and cloud-enabled managed services to improve safety, efficiency and sustainability for public transit networks nationwide.
• Program brings total of Iteris managed and operated transit signal priority intersections to over 600 signalized intersections in the region.

LOS ANGELES--(BUSINESS WIRE)--$ITI #IoT--Iteris, Inc. (NASDAQ: ITI), the world’s trusted technology ecosystem for smart mobility infrastructure management, today announced that it has been awarded a $1.5 million subcontract by HNTB Corporation to provide operations, maintenance and management services for the Los Angeles County Metropolitan Transportation Authority (LA Metro) NextGen Countywide signal priority (CSP) system, representing the continued adoption of Iteris’ mobility consulting services in southern California, a key geographic market.

Under the terms of the subcontract agreement, Iteris will operate and manage LA Metro’s vehicle-to-infrastructure (V2X)-enabled CSP system on an ongoing basis.

The CSP system, which Iteris designed, implemented, integrated and managed, under previous contracts with LA Metro dating back to 2008, is the largest signal priority project in the nation, and brings total deployments of Iteris’ CSP connected bus solutions to over 600 signalized intersections in the region.

The V2X-enabled CSP system will leverage existing on-bus priority request systems that incorporate GPS-based automatic vehicle location equipment, wireless communications and advanced intersection traffic controller technologies that provide intersection-based priority granting capabilities.

“We are excited to support our work on this important smart mobility infrastructure initiative with LA Metro in the operations and maintenance phase of the Countywide Signal Priority Program,” said Steven Bradley, regional vice president, Mobility Professional Services at Iteris. “Improving safety, efficiency and sustainability for all modes of transportation is a priority for Iteris, and our continued involvement in this program is a testament to the efficiency of our vehicle-to-infrastructure approach to mitigate traffic congestion and improve the environment throughout southern California metropolitan areas, as well as nationwide.”

LA Metro is one of the largest public transportation agencies in the country, serving more than 10 million residents, covering over 83 square miles of Los Angeles County communities.

About Iteris, Inc.

Iteris is the world’s trusted technology ecosystem for smart mobility infrastructure management. Delivered through Iteris’ ClearMobility Platform, our cloud-enabled end-to-end solutions monitor, visualize and optimize mobility infrastructure around the world, and help bridge legacy technology silos to unlock the future of transportation. That’s why more than 10,000 public agencies and private-sector enterprises focused on mobility rely on Iteris every day. Visit www.iteris.com for more information, and join the conversation on Twitter, LinkedIn and Facebook.

Iteris Forward-Looking Statements

This release may contain forward-looking statements, which speak only as of the date hereof and are based upon our current expectations and the information available to us at this time. Words such as "believes," "anticipates," "expects," "intends," "plans," "seeks," "estimates," "may," “should,” “will,” "can," and variations of these words or similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, statements about the awarded contract and the benefits and capabilities of our services and solutions. Such statements are not guarantees of future performance and are subject to certain risks, uncertainties, and assumptions that are difficult to predict, and actual results could differ materially and adversely from those expressed in any forward-looking statements as a result of various factors.

Important factors that may cause such a difference include, but are not limited to, our ability to provide our services and products in a cost-efficient manner; our ability to introduce, market and gain broad acceptance of our new and existing product and service offerings in the transportation industry; the potential impact of product and service offerings from competitors and other competitive pressures, such as competitors’ patent coverage and claims; challenges in the development of software-based solutions generally; and the impact of general economic, political and other conditions in the markets we address. Further information on Iteris, Inc., including additional risk factors that may affect our forward-looking statements, is contained in our Annual Report on Form 10-K, our Quarterly Reports on Form 10-Q, our Current Reports on Form 8-K, and our other SEC filings that are available through the SEC’s website (www.sec.gov).

Media Contact
David Sadeghi
Tel: (949) 270-9523
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Investor Relations
MKR Investor Relations, Inc.
Todd Kehrli
Tel: (213) 277-5550
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BELMONT, N.C.--(BUSINESS WIRE)--Piedmont Lithium Inc. (“Piedmont”) (Nasdaq: PLL; ASX: PLL), a leading, diversified developer of lithium resources required to enable the U.S. electric vehicle supply chain, today announced that Piedmont’s partner, Sayona Mining Limited (ASX: SYA), recently reported the discovery of a new southern lithium pegmatite zone at the Moblan Lithium Project in Québec. Assay results from two holes at the newly defined Moblan South Discovery have identified lithium mineralization at shallow depth, approximately 200m south of the main Moblan deposit. Results include 5m @ 1.85% Li₂O from 3.5m and 35m @ 1.62% Li₂O from 27.6m in hole DDH135 as well as 6.6m @ 1.69% Li₂O from 2.1m and 27.2m @ 1.53% Li₂O from 22.0m in hole DDH136. Additional drill hole results are pending.

Piedmont holds an equity interest of approximately 16.5% in Sayona Mining.

Keith Phillips, President and Chief Executive Officer of Piedmont, commented “We congratulate our partners at Sayona on these very promising initial drill results from their Moblan deposit. The grade, thickness, and shallow depth of mineralization in these first two drill holes is very impressive. While Piedmont is not directly invested in the Moblan project, we are very pleased with our position as Sayona’s largest shareholder and as Sayona’s partner in the world-class Abitibi Hub lithium projects. Quebec is an ideal location for lithium hydroxide production in the future, given the province’s abundant mineral resources, low-cost hydroelectricity, and supportive provincial government.”

The statements below were prepared by, and made by, Sayona Mining. The following disclosures are not statements of Piedmont and have not been independently verified by Piedmont. Sayona Mining is not subject to U.S. reporting requirements or obligations, and investors are cautioned not to put undue reliance on these statements.

Sayona Mining’s original announcement can be found here.

About Piedmont Lithium

Piedmont Lithium (Nasdaq: PLL; ASX: PLL) is developing a world-class, multi-asset, integrated lithium business focused on enabling the transition to a net zero world and the creation of a clean energy economy in North America. The centerpiece of our operations, Carolina Lithium, is located in the renowned Carolina Tin-Spodumene Belt of North Carolina. Combining our U.S. assets with equally strategic and in-demand mineral resources, and minority equity investments in companies that own production assets in Quebec and Ghana, positions us to be one of the largest, lowest cost, most sustainable producers of battery-grade lithium hydroxide in the world. We will also be the most strategically located to best serve the fast-growing North American electric vehicle supply chain. The unique geology, geography and proximity of our resources, production operations and customer base, will allow us to deliver valuable continuity of supply of a high-quality, sustainably produced lithium hydroxide from spodumene concentrate, preferred by most EV manufacturers. Our diversified operations will enable us to play a pivotal role in supporting America’s move toward decarbonization and the electrification of transportation and energy storage. For more information, visit www.piedmontlithium.com.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of or as described in securities legislation in the United States and Australia, including statements regarding exploration, development, and construction activities of Sayona Mining and Piedmont; current plans for Piedmont’s mineral and chemical processing projects; strategy; and strategy. Such forward-looking statements involve substantial and known and unknown risks, uncertainties, and other risk factors, many of which are beyond our control, and which may cause actual timing of events, results, performance or achievements and other factors to be materially different from the future timing of events, results, performance, or achievements expressed or implied by the forward-looking statements. Such risk factors include, among others: (i) that Piedmont or Sayona Mining will be unable to commercially extract mineral deposits, (ii) that Piedmont’s or Sayona Mining’s properties may not contain expected reserves, (iii) risks and hazards inherent in the mining business (including risks inherent in exploring, developing, constructing and operating mining projects, environmental hazards, industrial accidents, weather or geologically related conditions), (iv) uncertainty about Piedmont’s ability to obtain required capital to execute its business plan, (v) Piedmont’s ability to hire and retain required personnel, (vi) changes in the market prices of lithium and lithium products, (vii) changes in technology or the development of substitute products, (viii) the uncertainties inherent in exploratory, developmental and production activities, including risks relating to permitting, zoning and regulatory delays related to our projects as well as the projects of our partners in Quebec and Ghana, (ix) uncertainties inherent in the estimation of lithium resources, (x) risks related to competition, (xi) risks related to the information, data and projections related to Sayona Quebec and Sayona Mining, (xii) occurrences and outcomes of claims, litigation and regulatory actions, investigations and proceedings, (xiii) risks regarding our ability to achieve profitability, enter into and deliver product under supply agreements on favorable terms, our ability to obtain sufficient financing to develop and construct our projects, our ability to comply with governmental regulations and our ability to obtain necessary permits, and (xiv) other uncertainties and risk factors set out in filings made from time to time with the U.S. Securities and Exchange Commission (“SEC”) and the Australian Securities Exchange, including Piedmont’s most recent filings with the SEC. The forward-looking statements, projections and estimates are given only as of the date of this presentation and actual events, results, performance, and achievements could vary significantly from the forward-looking statements, projections and estimates presented in this presentation. Readers are cautioned not to put undue reliance on forward-looking statements. Piedmont disclaims any intent or obligation to update publicly such forward-looking statements, projections, and estimates, whether as a result of new information, future events or otherwise. Additionally, Piedmont, except as required by applicable law, undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of Piedmont, its financial or operating results or its securities.

Cautionary Note to United States Investors Concerning Estimates of Measured, Indicated and Inferred Resources

The terms "mineral resource", "measured mineral resource", "indicated mineral resource" and "inferred mineral resource" are terms defined by the U.S. Securities and Exchange Commission (“SEC”) in Regulation S-K, Item 1300 (“S-K 1300”) as well as the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the “JORC Code”) and the Canada Securities Administrators National Instrument 43-101 Standards for Disclosure for Mineral Projects (“NI 43-101”). In Sayona Mining’s announcement, it indicates that it has prepared resources information in accordance with the standards set forth in the 2012 Edition of the JORC Code and NI 43-101. Such standards differ from the requirements of U.S. securities laws that would apply if Sayona were a reporting company in the United States. Therefore, the mineral resources reported by Sayona Mining are not comparable to similar information made public by U.S. companies subject to reporting and disclosure requirements under the U.S. federal securities laws and the rules and regulations thereunder. U.S. investors are urged to consider closely the context and nature of Sayona Mining’s disclosures in its public communications, as well as the disclosure in Piedmont’s Form 10-KT, a copy of which may be obtained from Piedmont or from the EDGAR system on the SEC’s website at http://www.sec.gov/.

Keith Phillips
President & CEO
T: +1 973 809 0505
E: This email address is being protected from spambots. You need JavaScript enabled to view it.

John Koslow
Investor Relations
T: +1 980 701 9928
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NORWELL, Mass.--(BUSINESS WIRE)--Clean Harbors, Inc. (“Clean Harbors”) (NYSE: CLH), the leading provider of environmental and industrial services throughout North America, today announced that Chief Financial Officer Michael L. Battles, EVP Safety-Kleen Oil Craig Linington and SVP Investor Relations Jim Buckley will be participating in a fireside chat at the Stifel 2022 Investor Summit at WasteExpo in Las Vegas.

The event will take place at 3:30 p.m. PT (6:30 p.m. ET), Monday, May 9, 2022, and will be webcast live. To access the live or archived webcast, visit the “Investor Relations” portion of Clean Harbors’ website at www.cleanharbors.com.

About Clean Harbors

Clean Harbors (NYSE: CLH) is North America’s leading provider of environmental and industrial services. The Company serves a diverse customer base, including a majority of Fortune 500 companies. Its customer base spans a number of industries, including chemical, energy and manufacturing, as well as numerous government agencies. These customers rely on Clean Harbors to deliver a broad range of services such as end-to-end hazardous waste management, emergency spill response, industrial cleaning and maintenance, and recycling services. Through its Safety-Kleen subsidiary, Clean Harbors also is North America’s largest re-refiner and recycler of used oil and a leading provider of parts washers and environmental services to commercial, industrial and automotive customers. Founded in 1980 and based in Massachusetts, Clean Harbors operates in the United States, Canada, Mexico, Puerto Rico and India. For more information, visit www.cleanharbors.com.

Michael L. Battles
EVP and Chief Financial Officer
Clean Harbors, Inc.
781.792.5100
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Jim Buckley
SVP Investor Relations
Clean Harbors, Inc.
781.792.5100
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The solution provides price, generation and demand forecasts enabling Marubeni to optimize its energy infrastructure investments and maximize profits

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), creator of aiWARE™, a hyper-expansive enterprise AI platform, today announced its intelligent distributed energy resource management solution (iDERMS) has been selected by Marubeni Corporation, one of the largest Japanese integrated trading and investment business conglomerates, to provide price, demand and generation forecasts at their pilot project in the California Independent System Operator (CAISO) SP-15 region.

In addition to day-ahead and real-time generation, demand, and price forecasts for a node in CAISO SP-15 region, Veritone will provide demand and generation forecasts for the overall CAISO system. Having highly accurate forecasts will allow Marubeni to confidently create and maintain a competitive position in the wholesale electricity market, to maximize the flexibility and reliability of assets to best support the development of a resilient power grid. This investment will provide Marubeni with additional capabilities to continue to improve management of its power assets.

“At Veritone, our number one priority is to advance the mission of our customers and help them reach their business goals,” said Sean McEvoy, senior vice president of Energy at Veritone. “Veritone’s iDERMS solution is the best-in-class, and it will lay a strong foundation for Marubeni’s future power generation initiatives for both itself and the communities it works with. We are humbled by the trust Marubeni has given us, and we cannot wait to share the results of the project.”

Veritone’s iDERMS solution harnesses the power of AI to revolutionize today’s energy ecosystems through proprietary, intelligent, real-time energy forecasting, optimization and control—all of which unlock the full potential of DERs while enhancing reliability. The solution allows for tackling industry challenges at a pace best suited to meet each customer’s specific goals, timelines, or budget, while simultaneously addressing reliability and the commercial aspects of DERs.

For more information, visit www.veritone.com/energy

About Veritone

Veritone (NASDAQ: VERI) is a leader in enterprise artificial intelligence (AI) solutions. Serving organizations in both commercial and regulated sectors, Veritone’s software, services, and industry applications simplify data management, empowering the largest and most recognizable brands in the world to run more efficiently, accelerate decision making and increase profitability. Veritone’s expansive aiWARE™ operating system for AI orchestrates an ever-growing ecosystem of machine learning models to transform audio, video, and other data sources into actionable intelligence. Through its robust partner ecosystem and professional and managed services, Veritone develops and builds AI solutions that solve the problems of today and tomorrow. To learn more, visit www.veritone.com.

About Marubeni Corporation

Marubeni is one of the largest diversified conglomerates headquartered in Japan. With its global network of 133 branches in 68 countries, Marubeni’s multifaceted business activities includes domestic, import and export trade, and investment activities across a variety of industries. In the power sector, Marubeni delivers a safe & stable supply of power fully supported by a worldwide network of strongholds for project development, asset management and services offerings as Energy Solution Provider. With its “Marubeni Long-Term Vision for Climate Change” announced in March 2021, Marubeni strives to achieve its action plans for “Contributing to low-carbon / carbon-free goals through business activities”. For more information visit www.marubeni.com.

Safe Harbor Statement

This news release contains forward-looking statements. Without limiting the generality of the foregoing, words such as “may,” “will,” “expect,” “believe,” “anticipate,” “intend,” “could,” “estimate” or “continue” or the negative other variations thereof or comparable terminology are intended to identify forward-looking statements. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements. Assumptions relating to the foregoing involve judgments and risks with respect to various matters which are difficult or impossible to predict accurately and many of which are beyond the control of Veritone. Certain of such judgments and risks are discussed in Veritone’s SEC filings. Although Veritone believes that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that the results contemplated in forward-looking statements will be realized. In light of the significant uncertainties inherent in the forward-looking information included herein, the inclusion of such information should not be regarded as a representation by Veritone or any other person that their objectives or plans will be achieved. Veritone undertakes no obligation to revise the forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Veritone Media Contact:
Global Results Communications for Veritone, Inc.
Lora Wilson or Valerie Christopherson
+1 949-608-0276

DUBLIN--(BUSINESS WIRE)--The "Hong Kong Customs Brokerage Market - Growth, Trends, Covid-19 Impact and Forecasts (2022 - 2027)" report has been added to ResearchAndMarkets.com's offering.

The Hong Kong Customs Brokerage market is estimated to grow at a CAGR of more than 5.5% during the forecast period.

Covid 19 has impacted the customs brokerage market due to a sudden drop in demand and sudden reduction in the capacity of ocean carriers which pushed up the spot rates of freight by 25-40% in some trade lanes, meanwhile, there were air freighters witnessed cargo demand outstripping capacity supply due to upsurge in PPE, Medical supplies. There was also recent growth in exports and imports from Hong Kong which is also a driving factor for Customs Brokerage.

The Hong Kong Customs Brokerage Market had exceptional growth in recent years, and this trend is expected to continue in the future years. Hong Kong Customs Brokerage Market size growth may be attributable to increased Hong Kong's competitive advantage as a global logistics hub which revolve around three competencies - best-in-class transshipment hub, centre of excellence for logistics talent development and global leadership in e-logistics.

Hong Kong, the world's top cargo transshipment centre, handles approximately 4 million tonnes of air cargo and almost 24 million teu of maritime freight each year. According to the International Air Transport Association, Hong Kong will continue to be the world's fastest-growing air cargo market, while the cluster effect of 200,000 vessel calls, combined with the extensive network of connections to over 550 container ports worldwide, will ensure increasing volumes of ocean freight transshipments.

Key Market Trends

Growth in imports and exports in Hong Kong driving Customs brokerage market

Hong Kong's import and export trading sector provides services mainly in the form of offshore buying and selling of goods. Given Hong Kong's location and the relocation of Hong Kong's manufacturing bases to the mainland, particularly the Pearl River Delta, mainland China is a major source of offshore trading activities. It is an important entrepot for Mainland China.

Since Freight transportation is mainly dependent on the Volume of imports and exports and ultimately increases the growth of the customs brokerage market. The Surge in imports is the primary reason for the growth of the customs brokerage market in Hong Kong.

The values of Hong Kong's total exports and imports of goods in September-2021 both recorded year-on-year increases of 16.5% and 23.5%, respectively. For the first nine months of 2021 as a whole, the value of total exports of goods increased by 27.3% over the same period in 2020, year-on-year, while the value of imports of goods rose by 26.5%.

The value of merchandise exports continued to expand visibly by 16.5% in September 2021 over a year earlier despite a higher base of comparison, with exports to the mainland, the United States, the European Union and many other key Asian markets posting double-digit growth.

Surge in air and Sea borne Cargo in Hong Kong To Provide Opportunities Customs brokerage Market

Hong Kong's port cargo throughput was 104.2 million tonnes in H1 2021, the port of Hong Kong was still one of the busiest ports in the world. The port cargo movements between Hong Kong and the mainland of China (the mainland) accounted for 50.9% of Hong Kong's port cargo throughput in 2020. About 79.3% of the port cargo movements between Hong Kong and the Mainland were in the Pearl River Delta region.

In 2020, in terms of weight, the port cargo accounted for 91.4% of the overall inward and outward cargo movements by all transport modes. During the period from 2010 to 2020, the port cargo movements between Hong Kong and the Mainland recorded an average annual growth rate of 1.2%.

The Hong Kong International Airport is one of the busiest and most advanced airports. It consolidates Hong Kong's position as a hub of commerce and plays a very important role in the development of Hong Kong as a logistics center. In terms of international air cargo throughput, the Hong Kong International Airport ranked Second among all airports in the world in 2020. The cargo throughput of the Hong Kong International Airport in 2021 was 5 million tonnes.

Because water transport is one of the most important modes of international trade, there is an increase in demand for customs brokerage in Hong Kong, as well as an increase in air cargo due to the transport of perishable pharma products and chemicals, as well as an increase in just-in-time production of goods. All of these factors are paving the way for the growth of customs brokerage in Hong Kong.

Companies Mentioned

• UPS
• DHL
• FedEx
• TIBA Group
• CBIP Logistics
• Geodis
• Janio
• Livingston International
• JAS
• Jaguar Logistics
• Sino Shipping
• ClearCust

For more information about this report visit https://www.researchandmarkets.com/r/6v1bsh

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HOUSTON--(BUSINESS WIRE)--EPIC Midstream Holdings, LP (“EPIC” or “the Company”), today announced the appointment of Marcia E. Backus to EPIC’s Board of Directors as an independent director. Ms. Backus is Senior Vice President, General Counsel and Chief Compliance Officer of Occidental Petroleum (“Oxy”), where she oversees more than 60 lawyers in the U.S. and at Oxy's assets around the world.

Before joining Oxy in 2013, Marcia was a partner at Vinson & Elkins in Houston, Texas, with responsibility for the firm's Energy Transactions/Projects Practice Group. She represented industry and private equity companies in domestic and international corporate matters, mergers and acquisitions, joint ventures, private equity investments, project development and other energy transactions.

“I am delighted to welcome Marcia to our Board,” said Brian Freed, Chief Executive Officer of EPIC. “She brings a high level of oil and gas experience and legal expertise to our organization. We also look forward to adding another great strategic perspective to our board.”

Marcia is ranked among the leading business lawyers in oil and gas and energy by both Chambers USA and Chambers Global and was named 2012 "Lawyer of the Year" in mergers and acquisitions by The Best Lawyers in America. In 2016, she was named one of the "Top Women in Energy" by Texas Lawyer magazine. Marcia served in numerous leadership positions with Vinson & Elkins, including on the firm-wide management committee and as co-chair of the corporate department and chair of the partnership admissions committee. She has worked on transactions in more than 20 countries.

Ms. Backus joins the three other independent members of the EPIC Board: Karl Kurz (former COO of Anadarko Petroleum), Thomas Mitchell (former CFO of Midstates Petroleum, Noble Corporation and Devon Energy) and Todd Stevens (President and CEO of Black Knight Energy, LLC and former CEO of California Resources Corporation). Other members of the EPIC Board include Nate Walton of Ares Management Corporation and Brian Freed and Harry Beaudry from EPIC.

About EPIC Midstream Holdings, LP

EPIC was formed in 2017 to build, own and operate midstream infrastructure in the Delaware, Midland, and Eagle Ford basins. EPIC's Crude Oil Pipeline and NGL Pipeline each span approximately 700 miles and transport crude oil and natural gas liquids for delivery from the Permian and Eagle Ford basins into the Corpus Christi market. The Crude Oil Pipeline connects to EPIC’s Robstown terminal for redeliveries to the EPIC Marine Terminal, third-party export terminals and local refineries. EPIC’s NGL Pipeline has connectivity to EPIC’s 170,000 barrel per day fractionation complex in Robstown, Texas with pipelines for delivery of purity products to Gulf Coast refiners, petrochemical companies, and export markets. For more information, visit www.epicmid.com.

EPIC Midstream Holdings, LP
David McArthur
Corporate Communications Director
(210) 446-1059
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DUBLIN--(BUSINESS WIRE)--The "Base Oil Market - Global Outlook & Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The report considers the present scenario of the base oil market and its market dynamics for the period 2022-2027. It covers a detailed overview of several market growth enablers, restraints, and trends.

The study covers both the demand and supply sides of the market. It also profiles and analyses leading companies and several other prominent companies operating in the market. The global base oil market is expected to grow at a CAGR of 5.12%.

KEY HIGHLIGHTS

• One of the major changes happening in the global base oil market is the shift from group I base oils to group II & group III base oils. Factors such as the stringent regulatory standards, circular economy, and high demand for high-quality lubricants are driving this change
• Presently, the group II base oil segment dominates the market as group II base oils have low levels of sulfur and aromatics, which is effective to meet vehicle emission standards, high demand for lubricants with low volatility, and improve fuel economy
• The automotive oil segment is a dominating end-use segment as it consumes the major chunk of base oil
• The rise in demand for lightweight vehicles in the developing and developed regions presents lucrative market growth opportunities for vendors of automotive oil

MARKET OPPORTUNITIES AND TRENDS

• High Demand from Automotive Oil Segment
• Rising Demand for Group II& Group III Base Oils

MARKET GROWTH ENABLERS

• Growing Demand for Bio-Based Lubricants

MARKET RESTRAINTS

• High Demand for Electric Vehicles

GEOGRAPHICAL ANALYSIS

APAC is the largest market for base oil during the forecast period. Owing to the rapid urbanization, rising disposable income, and growing industrialization in the field of automotive, food processing, cosmetics, textile, and other manufacturing sectors are creating a demand for base oil in APAC. China is the leading base oil market in APAC during the forecast period. This can be attributed to the increasing demand from the automotive & transportation sector, increasing mining activities, manufacturing & machinery sector is also supporting the strong growth of the base oil market in the country Additionally, the availability of low-cost labor and the raw material is further fueling the market.

COMPETITIVE LANDSCAPE

The demand for base oil products is highly dependent on the consumption of industrial lubricants in the market, including hydraulic oils, metalworking fluid, industrial gear oils, turbine oils, and compressor lubricants. These lubricants are used across various industries, such as construction, power, railways, metals and mining, iron and steel, chemicals, cement, oil and gas, and general manufacturing. During the COVID-19 outbreak, these industries were severely impacted due to the temporary halt in production, the slowdown in logistics, low labor force participation, and a decline in demand.

The base oil market is competitive with the presence of well-diversified global and regional manufacturers. Industry participants are continuously focusing on various operational strategies that are likely to gain them an edge in the competitive market space.

The key players have undertaken various strategies to grow in the base oil market. Strategies such as joint ventures, mergers & acquisitions, and others to expand in the market and further reach their customers to fulfill requirements.

PROMINENT VENDORS

• Exxon Mobil Corporation
• Chevron Corporation
• Petro-Canada Lubricants
• Saudi Arabian Oil Co.
• Philips 666

OTHER PROMINENT VENDORS

• Asian Oil Company
• Hindustan Petroleum Corporation
• Neste
• Avista Oil Deutschland GmbH
• Sepahan Oil Company
• GS Caltex Corporation
• PBF Energy
• HollyFrontier Corporation
• Abu Dhabi National Oil Company
• Ergon
• SBZ Corporation
• Petroyag
• Ishtar Company
• Yunitco
• San Joaquin Corporation, Co. Ltd
• Grupa Lotos S.A
• Mol Group
• Vertex Energy Inc

For more information about this report visit https://www.researchandmarkets.com/r/jlsey1

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ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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MONTREAL--(BUSINESS WIRE)--Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of clean energy solutions, will announce its 2022 first quarter financial results on Thursday, May 12, 2022, before the market opens at 7:00 AM EDT, followed by a webinar at 8:30 AM EDT (5:30 AM PDT).

Xebec invites shareholders, analysts, investors, media representatives, and other stakeholders to attend our webinar where management will discuss Q1 2022 results followed by a Question and Answer period.

Jim Vounassis, President and CEO will host the webinar alongside CFO, Stéphane Archambault and COO, Mike Munro.

Investor Webinar Registration and Replay
Register here: https://app.livestorm.co/xebec-adsorption-inc/2022-q1-investor-webinar

A recording of the webinar can be accessed with the above link and supporting materials will be made available in the investor’s section of the company’s website at xebecinc.com/investors.

Related links:
https://www.xebecinc.com

About Xebec Adsorption Inc.
Xebec is a global provider of clean energy solutions for renewable and low carbon gases used in energy, mobility and industrial applications. The company specializes in deploying a portfolio of proprietary technologies for the distributed production of hydrogen, renewable natural gas, oxygen and nitrogen. By focusing on environmentally responsible gas generation, Xebec has helped thousands of customers around the world reduce their carbon footprints and operating costs. Headquartered in Québec, Canada, Xebec has a worldwide presence with nine manufacturing facilities, seventeen Cleantech Service Centers and four sales offices spanning over four continents. Xebec trades on the Toronto Stock Exchange under the symbol (TSX: XBC). For more information, xebecinc.com.

Xebec Adsorption Inc.
Brandon Chow, Director, Investor Relations
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+1 450.979.8700 ext 5762

Collaboration utilizes Volta's PredictEV® analytics and media-supported charging to accelerate the switch to EVs within lower-income and environmental justice communities

Agreement marks Volta's sixth paid partnership with an electric power utility and second with a state authority

SAN FRANCISCO--(BUSINESS WIRE)--Volta Inc. (NYSE: VLTA), an industry-leading electric vehicle ("EV") charging network powering vehicles and commerce, today announced its paid partnership with the Michigan Office of Future Mobility and Electrification (OFME) and DTE Energy (DTE). This marks Volta's sixth agreement with an investor-owned electric power utility and second with a state agency in support of equitable, efficient, and accelerated deployment of EV charging infrastructure.

Michigan's OFME and DTE are funding the use of Volta's PredictEV® software product to identify locations that would be most utilized within underserved areas, ensuring the most efficient use of public investment. PredictEV analyzes disparate data sources, including local mobility, demographic, commercial, and site-specific data, to provide high-resolution answers to key EV infrastructure questions. Insights provided by PredictEV include expected EV adoption, optimal charging locations, the right mix of charging infrastructure, and corresponding societal benefits such as CO2 mitigation, air quality improvement, and improved health outcomes.

"The transition to electric mobility should benefit everyone. This program is squarely targeted at improving equitable access to EV charging infrastructure in Michigan, and it leverages the unique strengths of DTE, Volta, and the State of Michigan, together," said Drew Bennett, Executive Vice President of Network Operations at Volta. "We are proud to partner with the OFME to bring more Volta stations to Michigan in areas where they will make the most impact."

With the support of the OFME's Michigan Mobility Funding Platform, Volta and DTE will install EV charging stations within lower-income and environmental justice communities. DTE will use the Volta Media™ Network to educate consumers on EV benefits and available incentives that make owning an EV more affordable upon installing the charging stations. This proactive messaging encourages the switch to EVs, accelerating the health, safety, and economic benefits electric mobility brings to an area.

In 2021, Volta and Southern California Edison (SCE) collaborated to distribute a similar EV awareness campaign in underserved communities. The impact was a 72 percent increase in driving or owning an EV in the targeted regions.

"Our mobility ecosystems are most effective when they can provide real value and opportunity within all of Michigan's communities, regardless of the size or income of the area," said Trevor Pawl, Chief Mobility Officer with the OFME. "We are pleased to support Volta and DTE as they work jointly to improve the accessibility and equity of our EV charging locations. This is a key step to ensuring wide-scale EV ecosystem adoption across the state."

"Our partnership with Volta supports cleaner transportation solutions where we live and serve," said Tony Tomczak, Vice President of Electric Sales and Marketing, DTE. "This initiative is one of the many ways DTE is working with our state agencies to promote transportation electrification for all."

Along with DTE, Volta's utility partners include SCE, Southern Company (which operates Georgia Power, Alabama Power, and Mississippi Power), and Tucson Electric Power. These utilities collectively serve an estimated 32 million Americans and cover areas that, as forecasted by Volta's PredictEV product, will witness more than an 800% increase in EV adoption by 2030—a shift that would avoid nearly 10 million metric tons of CO2 emissions.

About Volta

Volta Inc. (NYSE: VLTA) is an industry-leading electric vehicle (“EV”) charging network powering vehicles and commerce. Volta’s vision is to build EV charging networks that capitalize on and catalyze the shift from combustion-powered miles to electric miles by placing stations where consumers live, work, shop, and play. By leveraging a data-driven understanding of driver behavior to deliver EV charging solutions that fit seamlessly into people’s daily routines, Volta’s goal is to benefit consumers, brands, and real-estate locations while helping to build the infrastructure of the future. As part of Volta’s unique EV charging offering, its stations allow it to enhance its site hosts’ and strategic partners’ core commercial interests, creating a new means for them to benefit from the transformative shift to electric mobility. To learn more, visit www.voltacharging.com.

Forward-Looking Statements

This press release includes forward-looking statements, which are subject to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as "feel,” “believes,” expects,” “estimates,” “projects,” “intends,” “should,” “is to be,” or the negative of such terms, or other comparable terminology and include, among other things, statements regarding Volta’s strategy and other future events that involve risks and uncertainties. Such forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, which could cause actual results to differ materially from the forward-looking statements contained herein due to many factors, including, but not limited to: intense competition faced by Volta in the EV charging market and in its content activities; the possibility that Volta is not able to build on and develop strong relationships with real estate and retail partners to build out its charging network and content partners to expand its content sales activities; market conditions, including seasonality, that may impact the demand for EVs and EV charging stations or content on Volta’s digital displays; risks, cost overruns and delays associated with construction and installation of Volta’s charging stations; risks associated with any future expansion by Volta into additional international markets; cost increases, delays or new or increased taxation or other restrictions on the availability or cost of electricity; rapid technological change in the EV industry may require Volta to continue to develop new products and product innovations, which it may not be able to do successfully or without significant cost; the risk that Volta’s shift to including a pay-for-use charging business model and the requirement of mobile check-ins adversely impacts Volta’s ability to retain driver interest, content partners and site hosts; the EV market may not continue to grow as expected; and the ability to protect its intellectual property rights; and those factors discussed in Volta’s Registration Statement on Form S-1, under the heading “Risk Factors,” filed with the Securities and Exchange Commission (the “SEC”), as supplemented by Quarterly Reports on Form 10-Q, and other reports and documents Volta files from time to time with the SEC. Any forward-looking statements speak only as of the date on which they are made, and Volta undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.

About DTE Energy

DTE Energy (NYSE: DTE) is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide. Its operating units include an electric company serving 2.3 million customers in Southeast Michigan and a natural gas company serving 1.3 million customers in Michigan. The DTE portfolio also includes non-utility businesses focused on industrial energy services, renewable natural gas, and energy marketing and trading. As an environmental leader, DTE utility operations will reduce carbon dioxide and methane emissions by more than 80% by 2040 to produce cleaner energy while keeping it safe, reliable and affordable. DTE Electric and Gas aspire to achieve net zero carbon and greenhouse gas emissions by 2050. DTE and its 10,000 employees are committed to improving lives with their energy through volunteerism, education and employment initiatives, philanthropy and economic progress. Information about DTE is available at dteenergy.com, empoweringmichigan.com, twitter.com/dte_energy and facebook.com/dteenergy.

Media / Press:
Jette Speights
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Katherine Bailon
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Sealed Officially Launches in Chicago Metro Area and Eyes Further National Expansion

NEW YORK--(BUSINESS WIRE)--Sealed today announced the expansion of its Series B funding with an additional $29.5 million equity investment led by Fifth Wall Climate Tech with participation from Robert Downey Jr.’s FootPrint Coalition, CityRock Venture Partners, Cyrus Capital and Keyframe Capital, bringing its total capital raised to $62.5 million. The investment follows explosive company growth as homeowners adopt Sealed’s model for eliminating the complications and up-front costs of heat pump HVAC, weatherization and other home improvements that stop energy waste, enhance comfort and slash greenhouse gas emissions.

Sealed grew 350% from 2020 to 2021, driven by increasing heat pump sales and an initial series of expansions from New York State to Connecticut, New Jersey and the Philadelphia metro area. Sealed recently expanded to the Chicago metro area on its march towards national expansion.

“We jumped at the chance to increase our investment in Sealed because they have proven they can execute in new markets, attract top-level talent, and scale their proven direct-to-consumer marketing model,” said Greg Smithies, Partner at Fifth Wall and co-lead of the Climate Tech Investment team. “Sealed has created the easy button for energy efficiency in consumers’ homes. Most people want their homes to be comfortable and efficient, they just don’t know how to do it or finance it. Sealed has created the one-stop shop to get that work done and financed, with zero cash outlay, and more importantly, zero headache, to the homeowner. That’s completely unique in the market.”

Sealed was founded in 2012 to make it easy and affordable for people to be more comfortable in their homes while using less energy. Sealed’s work also slashes carbon emissions from home energy use, which account for 20% of the U.S. total. With 85% of the nation’s housing stock built before 2000, millions of homes are poised to reap the benefits of upgrading insulation, sealing air leaks and replacing inefficient, fossil-fuel powered heating systems with electric heat pumps.

“Updating America's outdated housing stock with high performance insulation, smart technology and efficient heat pump HVAC is key to eliminating energy waste and fighting climate change – and homeowners are really waking up to this,” said Lauren Salz, CEO at Sealed. “Surging interest in Sealed positions us to dominate the home energy efficiency and electrification market. Our investors have decided to double down so we can meet that demand.”

Sealed provides homeowners with top-to-bottom support designing, managing, and financing home weatherization and electrification upgrades. After a remote home assessment, Sealed determines the right combination of home improvements to reduce energy waste, including insulation, air sealing, smart thermostats, lighting, and heat pump HVAC. Resulting efficiencies can cut energy use by as much as 50% while balancing out temperatures across the house and eliminating fossil fuel heating sources. Because Sealed’s unique payment program is based on actual energy reductions achieved, the company is accountable for its impact.

“In these times of a global energy transition and geopolitical unrest, Americans are more motivated than ever to stop wasting energy and move away from fossil fuels,” said Andy Frank, President and co-founder of Sealed. “With a decade of experience providing homeowners more comfort with less energy, Sealed is the perfect company to deliver a new type of weatherization and electrification home improvement experience that meets the moment. With the added support of this investment round, we are ready to expand our services to millions of American homes.”

About Sealed:
Sealed is a climate tech company on a mission to stop home energy waste and electrify all homes. Sealed designs, manages and finances home weatherization and electrification projects, making it easy and affordable for people to be more comfortable while using less energy. Our proven holistic approach can reduce energy use by 50% and take a home completely off of fossil fuels with upgrades like high-performance insulation, air sealing, and heat pump HVAC. Our expert team designs the right solution, matches top-rated local contractors, and manages the project start to finish. Sealed covers the upfront costs, and we’re accountable to impact: if we don’t cut energy waste, we don’t get paid. Sealed is venture backed and based in New York City. Learn more at sealed.com.

Media Contact
Redwood Climate Communications for Sealed
Josh Garrett
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Jim Schnieders, Iain Deay and Greg Bahora Appointed to Executive Roles

SINGAPORE--(BUSINESS WIRE)--Twenty20 Energy, which delivers innovative energy solutions that accelerate the transition to a cleaner energy future, today announced the appointment of Geoff Lawrence as its chief executive officer and member of the board of directors. Lawrence, previously the CEO of Asia Pacific Energy Ventures (APEV), will lead Twenty20 Energy and its pursuit of a near-term public listing.

Twenty20 Energy also confirmed the appointment of other members of the senior management team. Jim Schnieders has been appointed president and to its board of directors; Iain Deay has been appointed chief strategy and development officer and will act as interim chief financial officer; and Greg Bahora was named chief operating officer.

It was announced in February that APEV will carve out subsidiary Twenty20 Energy with plans to take it public on the Nasdaq in the second quarter of 2022. Singapore-based Twenty20 Energy was formed in 2014 as a subsidiary to APEV.

“I’m extremely pleased with the official appointments of Jim, Iain and Greg to the senior leadership team at Twenty20 Energy,” said Lawrence. “We have a seasoned management team with complementary experience that is ready to move the business forward, and I’m confident in this group’s ability to continue our track record of growth and expansion through successful power generation projects. We are all pulling in one direction: To be a leader in developing projects that deliver cleaner energy while empowering economic growth for today and beyond.”

Geoff Lawrence, Chief Executive Officer and member of the Board of Directors

With a focus on Twenty20 Energy’s upcoming initial public offering, Lawrence has primary responsibility for the company’s overall strategic direction and performance. He served as CEO for APEV since 2014. Lawrence also leads major account development and management, while maintaining international technical and strategic partnerships, which position Twenty20 with a key competitive advantage in the markets served.

Lawrence began his career in corporate sales, working with global industry leading organizations including Fuji Xerox, Ricoh and Toshiba, before moving into supply chain solutions and logistics with UPS, where he was responsible for establishing, implementing and streamlining complex logistics solutions for major corporations.

Jim Schnieders, President, and member of the Board of Directors

As president and member of the board of directors, Schnieders will be responsible for leading the management team to deliver the long-term goals in alignment with its strategies and business objectives.

Prior to joining Twenty20, Schnieders held multiple senior executive roles with global infrastructure provider Black & Veatch. In his most recent role, as executive vice president and managing director for the global floating oil and gas solutions unit, Schnieders oversaw all floating liquified natural gas projects as well as hydrogen and biofuel emerging markets. Prior to that, he served as the managing director for greater Asia and the Indonesia country manager for all business lines’ operations and project execution there.

Iain Deay, Chief Strategy and Development Officer (interim Chief Financial Officer)

As chief strategy and development officer and interim CFO, Deay will oversee Twenty20 Energy’s financial and commercial activities while ensuring the systems and processes are in place for compliance and reporting and supporting M&A activity. Working with Lawrence, he will be responsible for guiding the company through the IPO process.

Immediately prior to joining Twenty20 Energy, Deay worked as a strategic consultant to a range of clients in Singapore and Southeast Asia. Previously, Deay held several financial roles and was then business development director for Asia Pacific at a large multinational corporation with region-wide responsibilities across financial and commercial areas of the business as well as supporting M&A activity. Deay is a qualified Chartered Accountant (Fellow of ICAEW) and holds a master’s degree in engineering, economics and management from Oxford University.

Greg Bahora, Chief Operating Officer

As chief operating officer, Bahora is responsible for managing Twenty20 Energy’s business operations and performance, which includes implementing strategies and optimizing the organization’s operational capabilities to deliver consistently outstanding results. In this role, Bahora partners with all Twenty20’s business lines and professionals.

Prior to joining Twenty20, Bahora was vice president and director of power services for Black & Veatch, overseeing assets and employees across Asia. He brings more than three decades of experience in conventional and renewable power generation, water resources, floating liquified natural gas, and mining on multiple concurrent projects across greater Asia.

About Twenty20 Energy

Twenty20 Energy delivers innovative energy solutions that enable clients, partners, and stakeholders to accelerate a transition to a cleaner energy future. From concept development to operations and maintenance, Twenty20 provides engineering, project execution and asset management, coupled with the capacity to provide funding or shared ownership positions. Uniquely positioned in the energy landscape, Twenty20 has a global reach with local sensitivity, developing projects that deliver cleaner energy while empowering economic growth for today and beyond.

Bob Zeitlinger / Makovsky
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• Consummation of business combination with European Sustainable Growth Acquisition Corp. (“EUSG”) on December 22, 2021 provided ADSE with significant cash for future growth
• Order Backlog was more than €60 million by end of March 2022, largely driven by the expansion into the U.S.
• H2 2021 international expansion and diversification of revenue in additional geographies have created significant growth opportunities
• Completion of the initial Porsche order in early 2021 resulted in a revenue decrease of approximately 30% year-over-year
• IFRS gross loss in FY2021 was (€2.2) million
• Adjusted gross profit in FY2021 was €0.8 million through this company transformation year
• Adjusted EBITDA decreased to (€15.2) million for FY2021
• FY2021 closed with €102 million cash and, as of this announcement, no debt
• FY2022 Guidance includes a more than doubling of FY2021 revenue
• Growth continues in core segments of automotive dealerships and “smart” municipalities in North America, Continental Europe and the United Kingdom

NÜRTINGEN, Germany--(BUSINESS WIRE)--ADS-TEC Energy plc (NASDAQ: ADSE), a global leader in battery-buffered, ultra-fast charging technology, today announced audited financials for fiscal year 2021 and guidance for 2022.

The company also announced strong performance and continued growth in its key segments with contracted business in municipalities, oil and gas, hospitality, big box retail, charging network operators, EV fleets, automotive OEM dealerships, and large last-mile delivery services since its business combination with EUSG at the end of December 2021.

ADS-TEC Energy made announcements in each of these segments, starting with an initial order by Porsche for more than 400 ADS-TEC Energy ChargeBox stations, which was completed in Q2 2021.

In March of 2022, ADS-TEC Energy signed GenZ EV Solutions (GenZ EV) as its designated distributor of electric vehicle (EV) charging solutions to the automotive market in North America and South America. GenZ EV, a new company founded by automotive industry veterans with deep expertise, will be distributing ADS-TEC Energy charging technology to automotive OEMs, automotive dealerships and automotive fleet companies. There are over 18,000 automotive dealers in the U.S. alone, representing a multi-billion dollar market opportunity.

In the retail segment, ADS-TEC Energy is preparing the implementation of a two-site trial for ChargeBox systems. The first is in a retail outlet mall in Miami-Dade County, Florida. The second is with a leading specialty outdoor sporting goods company located in the Midwest U.S. ADS-TEC Energy also continues its negotiations with both Tier 1 and Tier 2 oil and gas companies as well as charge-point operators across North America and Europe.

To meet this continued growth, ADS-TEC Energy has narrowed its search to three states for sites to establish a US-based factory and executive offices. A public announcement is expected following the close of negotiations.

Financial & Operational Highlights

The below represents summary financial and operational figures for fiscal year 2021.

• Revenue of €33.0 million
• Gross loss of €2.3 million
• Net loss of €87.6 million
• Adjusted gross profit of €0.8 million
• Adjusted EBITDA of (€15.2) million
• Adjusted Result before tax of (€21.4) million
• Cash Flow from Operations of (€18.3) million
• Capital Expenditure of €5.6 million

2022 Financial & Operating Guidance

ADSE is introducing FY2022 guidance as follows:

• Total revenue of €80 - €100 million for FY2022
• Revenue in FY2022 will be backloaded to second half based on confirmed order backlog

Additionally, ADSE is initiating charging unit sales target guidance: during FY 2022, ADSE expects to sell a total of 400 to 500 units.

Conference Call information

https://attendee.gotowebinar.com/register/8547501562267283723

About ADS-TEC Energy

ADS-TEC Energy plc, a public limited company incorporated in Ireland and publicly listed on NASDAQ (“ADS-TEC Energy”), serves as a holding company for ADS-TEC Energy GmbH, our operating company incorporated in Germany (“ADSE GM”) and ADS-TEC Energy Inc., a US subsidiary of ADS-TEC Energy GmbH (“ADSE US” and together with ADS-TEC Energy and ADSE GM, “ADSE”). ADSE is a global leader in battery-buffered, ultra-fast charging technology that draws on more than 10 years of experience with lithium-ion technologies, storage solutions and fast charging systems, including the corresponding energy management systems. Its battery-based, fast charging technology enables electric vehicles to ultrafast charge even on low powered grids and features a very compact design. The high quality and functionality of the battery systems are due to a particularly high depth of development and in-house production. With its advanced system platforms, ADSE is a valuable partner for automotive, OEMs, utility companies and charge-operators.

More information on www.adstec-energy.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. 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 statements regarding our financial outlook for 2022, our expectations with respect to future performance and the anticipated timing of certain commercial activities. There are a significant number of factors that could cause actual results to differ materially from the statements made in this press release, including: the impact of the COVID-19 pandemic, geopolitical events including the Russian invasion of Ukraine, macroeconomic trends including changes in inflation or interest rates, or other events beyond our control on the overall economy, our business and those of our customers and suppliers, including due to supply chain disruptions and expense increases; our limited operating history as a public company; our dependence on widespread acceptance and adoption of EVs and increased installation of charging stations; our current dependence on sales to a limited number of customers for most of our revenues; overall demand for EV charging and the potential for reduced demand for EVs if governmental rebates, tax credits and other financial incentives are reduced, modified or eliminated or governmental mandates to increase the use of EVs or decrease the use of vehicles powered by fossil fuels, either directly or indirectly through mandated limits on carbon emissions, are reduced, modified or eliminated; supply chain interruptions and expense increases; unexpected delays in new product introductions; our ability to expand our operations and market share in Europe and the U.S.; the effects of competition; changes to battery energy storage standards; and the risk that our technology could have undetected defects or errors. Additional risks and uncertainties that could affect our financial results are included under “Item 3. Key Information – 3.D. Risk Factors” in our annual report on Form 20-F filed with the Securities and Exchange Commission (the “SEC”) on April 28, 2022, which is available on our website at https://adstec-energy.com/investor-relations-corporate-governance/ and on the SEC’s website at www.sec.gov. Additional information will also be set forth in other filings that we make with the SEC from time to time. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we do not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made, except as required by applicable law.

Use of Non-IFRS Financial Measures

ADS-TEC Energy has provided in this press release financial information that has not been prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board (“IFRS”). ADS-TEC Energy uses these non-IFRS financial measures internally in analyzing its financial results and believes that the use of these non-IFRS financial measures is useful to investors to evaluate ongoing operating results and trends, and in comparing ADS-TEC Energy’s financial results with other companies in its industry as well other technology companies, many of which present similar non-IFRS financial measures.

The presentation of these non-IFRS financial measures is not meant to be considered in isolation or as a substitute for comparable IFRS financial measures and should be read only in conjunction with ADS-TEC Energy’s consolidated financial statements prepared in accordance with IFRS. A reconciliation of ADS-TEC Energy’s historical non-IFRS financial measures to their most directly comparable IFRS measures has been provided in the financial statement tables included in this press release, and investors are encouraged to review these reconciliations.

Definition and Reconciliation of Non-IFRS Measures

The press release includes the following non-IFRS financial measures: “Adjusted Cost of sales”, “Adjusted Gross profit / (loss), “Adjusted EBITDA”, “Adjusted Result before tax”. ADSE believes these measures are useful to investors for evaluating period-to-period operational performance on a consistent basis by excluding items that we do not believe are indicative of our core operating performance, such as the one-time expenses incurred as a result of the business combination involving ads-tec Energy and European Sustainable Growth Acquisition Corp.

ADSE defines Adjusted Cost of sales (“COGS”) as COGS plus depreciation and amortization reported within COGS. Adjusted Gross profit / (loss) is defined as revenue less adjusted COGS. ADSE defines EBITDA as result before tax before (i) finance income / (expenses) and (ii) depreciation and amortization. ADSE defines Adjusted EBITDA as EBITDA plus Listing fee. ADSE defines Adjusted Result before tax as result before tax plus Listing fee. These measures should not be considered as measures of financial performance under IFRS, and the items excluded from or included in these metrics are significant components in understanding and assessing ADSE financial performance.

Financial Statements

Consolidated statements of financial position

Due to rounding, the sum of the numbers presented in the table above might not precisely equal the totals we provide.

Due to rounding, the sum of the numbers presented in the table above might not precisely equal the totals we provide.

Consolidated statements of profit or loss and other comprehensive income

Due to rounding, the sum of the numbers presented in the table above might not precisely equal the totals we provide.

Consolidated statements of cash flows

Due to rounding, the sum of the numbers presented in the table above might not precisely equal the totals we provide.

ADS-TEC Energy Investor Relations –
Cary Segall
ADS-TEC Energy
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+1 845-224-8180

Media – United States:
Scott Gamm
Strategy Voice Associates
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+1 917-626-9515

Media - Europe:
Burkhard Leschke Brand Relations GmbH
Burkhard Leschke
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+49 16093803331

Roadshow Will Visit Cities Across Germany, France, Italy, and the United Kingdom and Showcase How Additive Manufacturing Can Unlock Innovation in Space, Aviation, Oil & Gas, Energy, and Other Important Industries

AUGSBURG, Germany--(BUSINESS WIRE)--Velo3D, Inc. (NYSE: VLD), a leading metal additive manufacturing technology company for mission-critical parts, today announced its Seeing is Believing Additive Manufacturing Tour for Europe, which will visit seven cities in 2022 across Germany, France, Italy, and the United Kingdom. The roadshow brings together innovators across key industries including space, aviation, oil & gas, and energy to share how additive manufacturing and the Velo3D end-to-end solution are transforming these businesses by helping engineers manufacture the parts they need without compromise.

“When we talk to prospective customers who have experience with additive manufacturing, the first thing they want is to see the parts for themselves to witness whether the geometries we offer can truly be achieved,” said Renette Youssef, Velo3D CMO. “In our pilot of the Seeing is Believing roadshow we made amazing connections between engineers, technology influencers, and executives in the additive manufacturing industry to learn from and inspire one another. We look forward to achieving this same community building in Europe.”

Velo3D initially launched its roadshow in 2021 across five cities. The events brought together hundreds of innovators to learn how the Velo3D end-to-end solution delivers unprecedented part quality, complex geometries, repeatability in distributed manufacturing, and high-volume production through its scale-up Sapphire XC printer.

“With 3D printing being a relatively new manufacturing technology, these community building events help innovators conceptualize how it can be used to transform their businesses, improve efficiency in key systems, and solve their biggest challenges,” said Campbell MacPherson, Schoeller-Bleckmann Oilfield (SBO) EVP of Advanced Manufacturing. “As the first company to acquire a Velo3D Sapphire printer in Europe, we’re thrilled to share how the technology has helped us better serve our customers.”

The roadshow events focus on educating engineers of all types on the many benefits and capabilities of advanced additive manufacturing. The presentations highlight the process from start to finish, including pre-print, during printing, quality assurance, the underlying manufacturing process, and post processing. The 2022 show will make seven stops at European cities, including:

• Bergamo, Italy – May 25
• Lyon, France – June 10
• Augsburg, Germany – June 21
• Toulouse, France – September 15

Future dates will also be announced for Milano, Italy; Birmingham, England; and Munich, Germany. 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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Company to partner with Lapis Energy on Low Carbon Ammonia Project at El Dorado, Arkansas Facility

OKLAHOMA CITY--(BUSINESS WIRE)--LSB Industries, Inc. (“LSB” or “the Company”), (NYSE: LXU), today announced that it entered into an agreement with Lapis Energy (“Lapis”) to develop a project to capture and permanently sequester CO₂ at LSB’s El Dorado, Arkansas facility (“El Dorado”). Lapis, backed by Cresta Fund Management, a Dallas-based middle-market infrastructure investment firm, will make 100% of the capital investment required for the project development. The project will commence immediately, with expected completion by 2025, subject to the approval of a Class VI permit, at which time CO₂ injections will begin. This is the first carbon capture and sequestration (“CCS”) project announced in the state of Arkansas and the third CCS project from ammonia production in the U.S.

“We are very excited to partner with Lapis and take our first step to becoming a supplier of low carbon or ‘Blue Ammonia’ -- allowing us to participate in what we believe will become a large future market,” stated Mark Behrman, President, and Chief Executive Officer of LSB Industries. “This project is very compelling for us from both environmental and commercial perspectives. Carbon sequestration is a proven means of reducing greenhouse gas emissions from ammonia production and our El Dorado facility is uniquely located above deep geological formations with the capacity to sequester decades of CO₂ production from the plant. Our customers, particularly our industrial customers, need solutions to help them decarbonize their supply chains and low carbon feedstocks represent an attractive opportunity to accomplish this goal in the near-term, while technologies for more sustainable no carbon or ‘Green Ammonia’ production continue to become economical.”

Lapis, founded in 2020 by a team of leading industry experts, is a Dallas-based vertically integrated energy infrastructure development firm focused entirely on decarbonization through CCS. Once operational, the project at the El Dorado site will initially capture and permanently sequester more than 450,000 metric tons of CO₂ per year in underground saline aquifers, with the potential to increase this quantity based on potential debottlenecking projects at the facility. This will be equivalent to permanently removing approximately 109,000 passenger cars from the road, which represents approximately 11% of the cars registered in Arkansas. The permanently sequestered CO₂ generated from the facility’s ammonia production is expected to qualify for federal tax credits under Internal Revenue Code Section 45Q, which are currently $50 per metric ton of CO₂ captured beginning in 2026, but under evaluation by Congress to increase the 45Q tax credit to $85 per metric ton of CO_2.

Once in operation, the sequestered CO₂ will reduce LSB’s scope 1 GHG emissions by 25% from current levels. In addition, sequestering more than 450,000 metric tons of CO₂ annually will enable LSB to produce over 375,000 metric tons of blue ammonia annually, a product expected to be more valuable than conventional ammonia.

Mr. Behrman continued, “Lapis is the perfect partner for us in our initial low carbon ammonia project given their significant experience and knowledge in the clean energy space. We are pleased to be working with them as we begin what we expect to be the first of several projects that will position LSB as a leader in the decarbonization of hydrogen and ammonia and generate significant long-term value for our shareholders.”

About LSB Industries, Inc.

LSB Industries, Inc., headquartered in Oklahoma City, Oklahoma, manufactures and sells chemical products for the agricultural, mining, and industrial markets. The Company owns and operates facilities in Cherokee, Alabama, El Dorado, Arkansas and Pryor, Oklahoma, and operates a facility for a global chemical company in Baytown, Texas. LSB’s products are sold through distributors and directly to end customers primarily throughout the United States. Committed to improving the world by setting goals that will reduce our environmental impact on the planet and improve the quality of life for all of its people, the Company is well positioned to play a key role in the reduction of global carbon emissions through its planned carbon capture and sequestration, and zero carbon ammonia strategies. Additional information about LSB can be found on its website at www.lsbindustries.com.

About Lapis Energy LP

Lapis, founded in 2020 by a team of industry-leading experts, and backed by Cresta Fund Management, is a Dallas-based, vertically integrated energy infrastructure development firm focused entirely on decarbonization through CCS. With teams located in Europe and Asia Pacific, Lapis is actively building a global portfolio of CCS projects. For more information: www.lapisenergy.com.

Forward-Looking Statements

Statements in this release that are not historical are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements, which are subject to known and unknown risks, uncertainties and assumptions about us, may include projections of our future financial performance including the effects of the COVID-19 pandemic and anticipated performance based on our growth and other strategies and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or actual achievements to differ materially from the results, level of activity, performance or anticipated achievements expressed or implied by the forward-looking statements. Significant risks and uncertainties may relate to, but are not limited to, business and market disruptions related to the COVID-19 pandemic, market conditions and price volatility for our products and feedstocks, as well as global and regional economic downturns, including as a result of the COVID-19 pandemic, that adversely affect the demand for our end-use products; disruptions in production at our manufacturing facilities; our ability to complete the preferred stock exchange transaction on the terms disclosed or at all and other financial, economic, competitive, environmental, political, legal and regulatory factors. These and other risk factors are discussed in the Company’s filings with the Securities and Exchange Commission (SEC).

Moreover, we operate in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible for our management to predict all risks and uncertainties, nor can management assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Although we believe the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, level of activity, performance or achievements. Neither we nor any other person assumes responsibility for the accuracy or completeness of any of these forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. Unless otherwise required by applicable laws, we undertake no obligation to update or revise any forward-looking statements, whether because of new information or future developments.

Investor Contact:
Fred Buonocore, CFA, Vice President of Investor Relations
(405) 510-3550
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Media Contact:
David Kimmel, Director of Communications
(405) 815-4645
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MINNEAPOLIS--(BUSINESS WIRE)--Kurita America, BASF Corporation, BASF Enzymes, LLC, and Illinois River Energy LLC have settled their legal dispute involving Kurita America’s patents relating to the use of phytase to control mineral deposits in fuel ethanol plants. The terms of the settlement are confidential.

The United States Patent Office issued U.S. Patent Nos. 8,415,137 and 8,609,399 relating to Kurita America’s pHytOUT^® deposit control technology in 2013. Kurita America pHytOUT^® technology is designed to control mineral deposit scaling, reduce back-end fouling and greatly reduce sulfuric acid use, among other benefits. pHytOUT^® solves a common problem for ethanol producers – the formation of scale forming deposits in processing equipment. These deposits impede heat transfer and flow and compromise the proper operation of mechanical devices used in ethanol processing. In April 2019, the Court of Appeals for the Federal circuit upheld the validity of these patents.

Deborah deLambert
Direct (763) 497-1227 | Cell (612) 499-8426
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Kurita America | www.kuritaamerica.com

Low Emission Energy System Will Provide Year-Round Heat and Power in Parallel with Utility

VAN NUYS, Calif.--(BUSINESS WIRE)--$CGRN #Alaska--Capstone Green Energy Corporation (NASDAQ: CGRN), a global leader in carbon reduction and on-site resilient green Energy as a Service (EaaS) solutions, today announced that its Alaska distributor, Arctic Energy, Inc., has secured an order for five Capstone 65 kilowatt (kW) integrated heating and power (ICHP) dual-mode microturbines. The system was purchased by a waste management facility that is part of the Municipality of Anchorage. It will provide both heat and power for all the facility's critical infrastructure required to operate the site, even during extreme winter weather conditions.

Fueled by natural gas, the microturbine-based energy array will run in "multi-pack," providing 325 kW of power as it operates primarily in parallel with the local utility. Using Capstone's automatic dual-mode capabilities, the system will be able to automatically switch to standalone backup power in the event of a local grid failure. The system is expected to be commissioned in September 2022.

The customer pursued the new power system as part of its plan to expand one of its main facilities. This presented an opportunity to establish new energy efficiencies that had not previously been part of the site. After considering solar and battery storage options, it was determined that a combined heat and power or CHP system would be the most reliable and economical solution. Though solar and battery integration will be possible in the future, they will not be part of the current configuration.

Once the customer decided on what kind of power system they would implement, they ultimately chose Capstone's technology for its simplicity of design and installation, high efficiency, low noise impact, and minimal maintenance needs. Even as other system features were removed from the design for cost needs, the Capstone units remained.

Overall, the system will help the municipality reduce costs by providing a hedge against rising utility rates. Cost reduction will also be achieved through the inherent efficiency of the CHP system and the high reliability/low maintenance qualities of the microturbines. Arctic Energy provided essential support to the customer in calculating the economics and handling the project design.

"Arctic Energy is proud to be part of the municipality’s energy savings and management progress," said Greg Porter, President of Arctic Energy. "Municipalities employ many people and at the same time must plan for rising infrastructure costs. In Alaska, those costs are paid for by property taxes. So it's more important than ever that Municipalities look at energy reduction and savings to retain good employees and reduce the operating costs for future expansion."

"Municipalities have tremendous opportunity to leverage the cost efficiencies and reliability of CHP, especially in light of growing constraints on the utilities," said Darren Jamison, Chief Executive Officer of Capstone Green Energy. "Beyond these benefits, there are also the environmental benefits of running a highly efficient system. These are the kind of wins that give constituents confidence that their local leaders are truly looking after their best interests."

About Capstone Green Energy

Capstone Green Energy (NASDAQ: CGRN) is a leading provider of customized microgrid solutions and on-site energy technology systems focused on helping customers around the globe meet their environmental, energy savings, and resiliency goals. Capstone Green Energy focuses on four key business lines. Through its Energy as a Service (EaaS) business, it offers rental solutions utilizing its microturbine energy systems and battery storage systems, comprehensive Factory Protection Plan (FPP) service contracts that guarantee life-cycle costs, as well as aftermarket parts. Energy Generation Technologies (EGT) are driven by the Company's industry-leading, highly efficient, low-emission, resilient microturbine energy systems offering scalable solutions in addition to a broad range of customer-tailored solutions, including hybrid energy systems and larger frame industrial turbines. The Energy Storage Solutions (ESS) business line designs and installs microgrid storage systems creating customized solutions using a combination of battery technologies and monitoring software. Through Hydrogen & Sustainable Products (H2S), Capstone Green Energy offers customers a variety of hydrogen products, including the Company's microturbine energy systems.

For customers with limited capital or short-term needs, Capstone offers rental systems; for more information, contact: This email address is being protected from spambots. You need JavaScript enabled to view it.. To date, Capstone has shipped over 10,000 units to 83 countries and estimates that, in FY21, it saved customers over $217 million in annual energy costs and approximately 397,000 tons of carbon. Total savings over the last three full fiscal years are estimated to be approximately $698 million in energy savings and approximately 1,115,100 tons of carbon savings.

For more information about the Company, please visit www.CapstoneGreenEnergy.com. Follow Capstone Green Energy on Twitter, LinkedIn, Instagram, Facebook, and YouTube.

Cautionary Note Regarding Forward-Looking Statements

This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements regarding expectations for green initiatives and execution on the Company's growth strategy and other statements regarding the Company's expectations, beliefs, plans, intentions, and strategies. The Company has tried to identify these forward-looking statements by using words such as "expect," "anticipate," "believe," "could," "should," "estimate," "intend," "may," "will," "plan," "goal" and similar terms and phrases, but such words, terms and phrases are not the exclusive means of identifying such statements. Actual results, performance and achievements could differ materially from those expressed in, or implied by, these forward-looking statements due to a variety of risks, uncertainties and other factors, including, but not limited to, the following: the ongoing effects of the COVID-19 pandemic; the availability of credit and compliance with the agreements governing the Company's indebtedness; the Company's ability to develop new products and enhance existing products; product quality issues, including the adequacy of reserves therefor and warranty cost exposure; intense competition; financial performance of the oil and natural gas industry and other general business, industry and economic conditions; the Company's ability to adequately protect its intellectual property rights; and the impact of pending or threatened litigation. For a detailed discussion of factors that could affect the Company's future operating results, please see the Company's filings with the Securities and Exchange Commission, including the disclosures under "Risk Factors" in those filings. Except as expressly required by the federal securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, changed circumstances or future events or for any other reason.

Capstone Green Energy
Investor and investment media inquiries:
818-407-3628
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NEW YORK & LONDON & AMSTERDAM--(BUSINESS WIRE)--Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced that it reached record open interest in its Total Energy futures and options markets of 46.7 million contracts on April 25, and is up 11% since the start of the year.

As participants manage uncertainty in U.S. natural gas markets, open interest across ICE's North American natural gas futures and options, which includes Henry Hub and natural gas basis markets, is up 26% since the start of the year at roughly 26 million contracts. Open interest in Henry Hub futures and options is up 34% over the period, while open interest in North American natural gas futures hit a record 16.85 million contracts on April 26.

“Customers use our deeply liquid energy markets to manage their exposure and price commodities on which millions of people rely upon,” said Trabue Bland, President of ICE Futures U.S. “Our customers are navigating commodity and inflation risks on a scale that many have never experienced and are using all the tools at their disposal through futures and options to do this.”

Reflecting how the market typically reacts to high levels of uncertainty, ICE’s energy options markets have seen particular growth since the start of the year, with open interest in Total Energy options up 35%.

Open interest is the number of contracts that remain open each day and reflects how customers are adding to their positions for a period of time. Open interest in longer-dated positions tends to be held by commercial customers hedging their exposure to price risk.

About Intercontinental Exchange

Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks to connect people to opportunity. We provide financial technology and data services across major asset classes that offer our customers access to mission-critical workflow tools that increase transparency and operational efficiencies. We operate exchanges, including the New York Stock Exchange, and clearing houses that help people invest, raise capital and manage risk across multiple asset classes. Our comprehensive fixed income data services and execution capabilities provide information, analytics and platforms that help our customers capitalize on opportunities and operate more efficiently. At ICE Mortgage Technology, we are transforming and digitizing the U.S. residential mortgage process, from consumer engagement through loan registration. Together, we transform, streamline and automate industries to connect our customers to opportunity.

Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2021, as filed with the SEC on February 3, 2022.

ICE- CORP
Source: Intercontinental Exchange

ICE Media Contact:
Rebecca Mitchell
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+44 7951 057 351

ICE Investor Contact:
Mary Caroline O’Neal
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(770) 738-2151