• EcoStruxure Building Operation 2022 increases the ease of connectivity between systems and data both inside and outside buildings with integration of renewable energy sources
• Up to 40% energy savings1 can be achieved with EcoStruxure Building solutions while enhancing occupant comfort and productivity
• SpaceLogic Insight-Sensor captures rich data insights to help improve efficiency and achieve green and well-being building certifications

BOSTON--(BUSINESS WIRE)--#buildingsofthefuture--Schneider Electric, the leader in the digital transformation of energy management and automation, and recognized as the World’s most sustainable corporation in 2021 by Corporate Knights Global 100 Index, today announced two new solutions to increase building sustainability and efficiency while enhancing occupant comfort. EcoStruxure™ Building Operation 2022, a uniquely open and integrated smart building management system, and the SpaceLogic™ Insight-Sensor, a six-in-one room sensor with anonymous real-time people counting, will be gamechangers in the journey to net-zero carbon buildings. With these additions, Schneider Electric continues to enable customers to achieve up to 40% energy savings¹ with EcoStruxure Building solutions.

Making building data and automation work for comfortable, net-zero carbon buildings Complex issues of global climate change and net-zero carbon mandates are increasing demands on buildings, which generate nearly 40% of the world’s CO₂ emissions.² EcoStruxure Building Operation 2022 and SpaceLogic Insight-Sensor deliver building owners and facility managers with granular visibility through open, integrated building systems and devices that easily connect and exchange information. The new offers also provide flexibility to adapt and respond to owners’, occupants’ and society’s needs both today and in the future. And they help deliver on the promise of IoT, ensuring that valuable building data can be accessed, standardized, secured, and analyzed for maximum efficiency and predictive maintenance using AI and machine learning.

“Schneider Electric is proud to be a part of the evolution of building technology at such a pivotal time for the industry. By providing these new leading solutions we will further help building owners, facility managers and our EcoXpert partners address the increasing pressures they face head-on,” says Andre Marino, SVP of Digital Buildings. “These open, data-centric solutions apply flexibility and insight to what are inherently rigid challenges of buildings. Solving these challenges is essential to meeting the demands of today’s modern buildings and supporting the new balance of remote work and office time, with priorities ranging from creating safe, healthy and flexible occupant spaces, to protecting the environment from climate change.”

EcoStruxure Building Operation 2022 takes open system integration to the next level

EcoStruxure Building Operation, part of the EcoStruxure Building ecosystem, is an open and scalable next-generation building management solution that provides a single control center for building and facility mangers to monitor, manage and optimize systems that were traditionally siloed. It allows bi-directional integration and exchange of any third-party system or device and does not lock-up customers’ data in proprietary languages or codes.

To achieve net-zero, buildings must become more digital and more electric. Building Operation 2022 provides simple integration, visibility and actionable data from microgrids, EV charging stations and renewable energy sources, in addition to previously integrated HVAC, power, lighting, security, fire systems, and more to create sustainable, energy- and operationally efficient, and comfortable buildings.

EcoStruxure Building Operation 2022 other new features and benefits include:

• Scalable software licensing bundle options making solutions more affordable for smaller, mid-market projects, and a new subscription-based software assurance upgrade option supports system modernization.
• Enhanced reports and dashboard UIs, including Alarm Management, which provides clear insights and notification to issues before they become disruptive problems
• Technical data is now simpler to understand and manage by facility managers
• Access to more data especially from the proliferation of IoT-enabled connected room devices
• Industry-leading compliance and cybersecurity features, including new BACnet /SC (Secure Connect); Single Sign-On (SSO) with SAML 2.0; secure boot for the SpaceLogic Automation Server; and TLS 1.5 encryption

SpaceLogic™ Insight-Sensors increase occupant comfort while reducing energy use

Schneider Electric also introduces the SpaceLogic Insight-Sensor, an advanced six-in-one ceiling mounted room/zone sensor for people counting, occupancy, light, sound, temperature, and humidity sensing. Unlike traditional ventilation control that relies on schedules or CO₂ levels, the SpaceLogic Insight-Sensor, which uses anonymous people-counting technology, responds to precise changes in room occupancy in real-time for optimal fresh air supply. The direct integration with EcoStruxure Building Operation enables fast response time with no additional design, configuration or commissioning costs.

When more people enter a room, the Insight-Sensor informs EcoStruxure Building Operation, which dynamically adjusts room ventilation, reacting quickly before conditions become uncomfortable. Conversely, the Insight-Sensor ensures that energy use for HVAC or lighting is reduced when rooms are at low or zero occupancy.

SpaceLogic Insight-Sensor delivers these additional features and benefits:

• Fast installation and commissioning with native integration via the SpaceLogic RP-C Controller, the room’s IP backbone infrastructure, as part of EcoStruxure Connected Room Solutions
• Ability to easily reconfigure floor plans and work areas based on actual space usage patterns
• Remote control, wayfinding and other occupant services enabled by Bluetooth iBeacon and third-party beaconing applications
• Granular data on energy use and well-being analytics (temperature, light, sound) to help achieve LEED, WELL, BREEAM, Fitwel and other building certifications

Discover how the #BuildingsOfTheFuture will help you #BuildItForlife

About Schneider Electric

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

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

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

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

www.se.com

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

Discover the newest perspectives shaping sustainability, electricity 4.0, and next generation automation on Schneider Electric Insights

Hashtags: #BuildingsOfTheFuture #SmartBuildingPlatform #EcoStruxure #BuildingManagementSystem #SmartRoomSensor

Related resources - Whitepapers:

Flexible Buildings: Five elements to create buildings ready for the new world of work

Smart Buildings: A Framework for Assessing the “Openness” of a Building Management System (BMS)

Three Essential Elements of a Next Generation Building Management System (BMS)

¹ up to 40% energy savings for a typical EcoStruxure Building Operation customer (from analysis of 27 recent case studies) vs an industry average of 10-25% from a typical BMS (source: American Council for Energy Efficiency Economy).

² Architecture 2030, 2020

Schneider Electric Media Relations – Vicki True; This email address is being protected from spambots. You need JavaScript enabled to view it.; 774-613-1158

PR agency for Schneider Electric – LEWIS Global Communications; Lauren Johnson; This email address is being protected from spambots. You need JavaScript enabled to view it.

SPOKANE VALLEY, Wash.--(BUSINESS WIRE)--Daybreak Oil and Gas, Inc. (OTC PINK: DBRM) (“Daybreak” or the “Company”), a Washington corporation, is pleased to announce a Special Shareholder Meeting to be held at 10:00 a.m. CDT on May 20, 2022.

The purpose of the Special Meeting, among other things, is to consider and vote upon a proposal to approve the Equity Exchange as contemplated by the Equity Exchange Agreement (as amended, the “Exchange Agreement”) by and between Daybreak, Reabold California LLC, a California limited liability company (“Reabold”), and Gaelic Resources Ltd., a private company incorporated in the Isle of Man and the 100% owner of Reabold. This proposal will require 66.67% approval of all the shareholders entitled to vote on March 22, 2022. A proxy statement containing this, and other items of business along with a ballot for voting, has been mailed on or about April 21, 2022 to all shareholders eligible to vote.

James F. Westmoreland, President and Chief Executive Officer, commented, “The acquisition of Reabold will be a transforming event for the Company and its shareholders, and I would encourage our shareholders to vote for all of the proposals listed in the proxy. At closing, the combined oil reserves for the Company will be just over 1.0 million barrels of proved reserves with significant near-term upside potential. We are currently in the process of obtaining drilling permits for both property areas so we can begin development drilling soon after we close the transaction. The Board of Directors and I would like to thank all the hard work put in by all our employees and contractors that worked on this transaction.”

Daybreak Oil and Gas, Inc. is an independent crude oil and natural gas company currently engaged in the exploration, development and production of onshore crude oil and natural gas in the United States. The Company is headquartered in Spokane Valley, Washington with an operations office in Friendswood, Texas. Daybreak owns a 3-D seismic survey that encompasses 20,000 acres over 32 square miles with approximately 6,500 acres under lease in the San Joaquin Valley of California. The Company operates production from 20 oil wells in our East Slopes project area in Kern County, California.

More information about Daybreak Oil and Gas, Inc. can be found at www.daybreakoilandgas.com.

Certain statements contained in this press release constitute “forward-looking statements” as defined by the Securities and Exchange Commission. Such statements can be identified by the use of forward-looking terminology such as “believe,” “expect,” “may,” “should,” “up to,” “approximately,” “likely,” or “anticipates” or the negative thereof. These forward-looking statements are based on our current expectations, assumptions, estimates and projections for the future of our business and our industry and are not statements of historical fact. Such forward-looking statements include, but are not limited to, statements about our expectations regarding our financing, our future operating results, our future capital expenditures, our expansion and growth of operations and our future investments in and acquisitions of crude oil and natural gas properties. We have based these forward-looking statements on assumptions and analyses made in light of our experience and our perception of historical trends, current conditions, and expected future developments. However, you should be aware that these forward-looking statements are only our predictions and we cannot guarantee any such outcomes. Future events and actual results may differ materially from the results set forth in or implied in the forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: general economic and business conditions; exposure to market risks in our financial instruments; fluctuations in worldwide prices and demand for crude oil and natural gas; fluctuations in the levels of our crude oil and natural gas exploration and development activities; our ability to find, acquire and develop crude oil and natural gas properties, including the ability to develop the East Slopes Project and Michigan prospects; risks associated with crude oil and natural gas exploration and development activities; competition for raw materials and customers in the crude oil and natural gas industry; technological changes and developments in the crude oil and natural gas industry; legislative and regulatory uncertainties, including proposed changes to federal tax law and climate change legislation, and potential environmental liabilities; our ability to continue as a going concern; and our ability to secure additional capital to fund operations. Additional factors that may affect future results are contained in our filings with the Securities and Exchange Commission (“SEC”) and are available at the SEC’s web site http://www.sec.gov. Daybreak Oil and Gas, Inc. disclaims any obligation to update and revise statements contained in this press release based on new information or otherwise.

Ed Capko Telephone: 815-942-2581
Investor Relations Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Highlights EQ’s efforts to regenerate urban spaces, preserve local culture and bring humanity into workplaces

CHICAGO--(BUSINESS WIRE)--EQ Office, a leader in creating inspiring workplace destinations, today released its second annual Environmental, Social and Governance (ESG) Report highlighting the company’s progress on its commitment to preserving local culture, regenerating urban spaces and bringing humanity into the workplace.

“At EQ, our business goes beyond four walls and is rooted in putting people first,” said Charlie Hobey, Managing Director and interim head of ESG at EQ Office. “Every year, it is a central priority to enhance our efforts to inspire the next generation of talent, celebrate diversity, cultivate an inclusive culture and build thriving, eco-friendly communities around the country.”

EQ Office launched its ESG program, EQ Impact, in 2021 to provide access and opportunities for career growth and talent development. Highlights from EQ’s 2021 ESG report include:

1. Social Impact: Preserving local culture

EQ Office expanded its national partnership with YouthBuild USA. Through the partnership, EQ seeks to expand job training, mentorship, and job placement to opportunity youth — young adults between the ages of 16 and 24 who are neither in school nor employed — who want a career in real estate or construction-related fields.

EQ Office launched mentorship-to-internship programs in eight cities and supported the transformation of the YouthBuild center in Compton, California into a space where generations can learn and grow. Last year, EQ Office and more than 30 vendors renovated and refurbished Compton YouthBuild, donating 5,516 hours and over $1.2 million in value. The company plans to redevelop another YouthBuild property in 2022.

2. Environmental Impact: Regenerating urban spaces

EQ Office is committed to creating sustainable spaces for tenants, team members, partners and the greater community. In 2021, the company invested $27 million in environmental capital improvements and evaluated each potential investment for its ability to enhance efficiencies, re-use local materials and lower operating costs.

The company’s prioritization of responsible energy, water and waste management and procurement has led to 42 buildings achieving green certifications like Energy Star, LEED or BOMA 360 and 60% of its buildings offering composting. EQ also reduced electricity consumption by 10% across properties and doubled its procurement of clean energy to power 69% of buildings in its portfolio.

3. Governance Impact: Bringing humanity into workplaces

In 2021, over 80% of the company’s vendor searches met Diversity, Equity and Inclusion (DEI) standards. Additionally, EQ Office’s DEI Task Force developed a library of educational resources, coordinated multiple events that celebrate diverse heritages and planned a series of DEI workshops to offer all EQ employees in 2022.

For more information on EQ Impact’s ESG program, view the company’s 2^nd annual ESG Report here, along with the Executive Summary Report here.

About EQ Office

EQ focuses on the experience of its 20 million square feet - how space feels, activates and performs to amplify the human experience. We're proud to work hand-in-hand with more than 1,500 customers of all sizes, from Fortune 100 companies to emerging startups, to bring humanity back to the workplace. Our diverse team of more than 200 professionals is responsible for creating inspired office environments in major cities across the country including Chicago, New York, Los Angeles, San Francisco and Seattle. As a U.S. office portfolio company wholly owned by Blackstone's real estate funds, we have the resources to lead the changes happening in work space. Explore your space for greatness at www.eqoffice.com.

About YouthBuild USA

With love and respect, YouthBuild partners with opportunity youth to build the skillsets and mindsets that lead to lifelong learning, livelihood, and leadership. At more than 275 YouthBuild programs across the United States and around the world, students reclaim their education, gain job skills, and become leaders in their communities. To date, YouthBuild has partnered with more than 180,000 young people to dedicate over 50 million hours of service benefitting urban, rural, and tribal communities. YouthBuild strives to create a world where all young people are seen for their potential, and power to transform themselves and their communities. YouthBuild USA — the support center for the YouthBuild movement — strengthens YouthBuild programs through technical assistance, leadership development, innovative program enhancements, and advocacy. YouthBuild programs located outside of the United States are supported by YouthBuild USA’s international division, YouthBuild International. For more information about the YouthBuild movement, YouthBuild USA, and YouthBuild International, visit YouthBuild.org.

Elliot Golan
Allison+Partners
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The Project Will Reduce CO2 Emissions by 189 Metric Tons Annually

IRVINGTON, N.Y.--(BUSINESS WIRE)--#bridgeloans--X-Caliber Funding (X-Caliber), a national, direct commercial real estate lender, and CastleGreen Finance (CastleGreen), an affiliate company that provides capital focused on Commercial Property Assessed Clean Energy (C-PACE) financing, are pleased to announce the closing of a $54.97MM joint transaction as part of a multimillion-dollar renovation and adaptive reuse of Ocean Center Luxury Apartments in Long Beach, CA.

With this latest transaction, the X-Caliber/CastleGreen teams executed the one-stop financing, providing $34.36MM in short-term renovation financing, and $20.61MM in long-term, C-PACE financing through California Statewide Communities Development Authority’s (CSCDA) Open PACE Program. This is the second transaction completed with a repeat borrower who closed on a similarly structured, $94MM joint transaction with The Breakers Hotel & Spa in Long Beach in September. The two transactions equal $149MM in financing, of which $66MM is C-PACE.

CSCDA’s Open PACE Program facilitates financing for property owners looking to finance improvements that include energy efficiency, renewable energy, water conservation, and seismic improvements. The unique PACE financing is only administered through C-PACE-approved lenders and allows borrowers to pay funds back over time through a voluntary tax assessment that provides a long-term, low-cost financing option coupled with the ability to transfer repayment to the next property owner.

The $54.97MM in financing is part of a renovation project led by Pacific6, a Long Beach, California partnership, headed by John Molina. The firm focuses on projects that bring positive economic and social advancement to their local communities. Molina purchased the vacant office building in 2018 and has worked to obtain the property’s necessary entitlements and permits while completing other unrelated renovations.

Ocean Center Luxury Apartments is an 80-unit, 14-story, 142,411 square-foot, historic landmark building originally built in 1929. The property is located at the intersection of Ocean Boulevard and Pine Avenue in the heart of downtown Long Beach Business Center, within walking distance to The Convention Center and other notable employers, venues, and retail businesses.

As part of the new renovations, units will be designed with state-of-the-art kitchens and spacious bathrooms, and community amenities will include a large terrace, clubhouse, and fitness center.

The $20.61MM in C-PACE financing will not only provide borrowers with long-term, low-cost financing, but it will provide for energy upgrades that will significantly reduce greenhouse gas emissions at the rate of an estimated 189.08 metric tons of carbon dioxide per year. This is equivalent to 208,987 pounds of coal burned and 64.3 tons of waste recycled instead of landfilled. The project will employ over 150 construction workers through construction completion, which is scheduled to occur in early 2023. On a permanent basis, the property management team will employ approximately five full-time staff, while the commercial spaces, which will include three restaurants and a retail store, are expected to provide employment for up to sixty full-time staff.

Chris Callahan, President and CEO of X-Caliber Capital, says all the parties once again worked together to provide innovative solutions for this notable project.

“It was a pleasure to complete a second transaction with our friends at Pacific6 and to collaborate with the CSCDA. This is another example of the great combination of financing we can provide with our affiliate company, CastleGreen Finance.” He continued, “With this latest transaction, we delivered excellent terms with a highly effective capital stack while making an environmental and economic impact that will span decades. That is a winning combination, and we are grateful for the opportunity to provide such innovative solutions that benefit our borrowers’ projects and the communities they serve.”

“Working together on this second project with a repeat client allows us to demonstrate the need for the C-PACE platform and the unique benefits it provides to the property owner and entire community,” said Sal Tarsia, Managing Partner, CastleGreen Finance. “We are proud to be able to support Pacific6’s commitment to transforming downtown Long Beach with effective financing solutions that preserve and increase the value of another historic property while significantly reducing greenhouse gas emissions, saving energy, reducing water consumption, and creating jobs in the city.”

“C-PACE is an excellent way for us to demonstrate our commitment to sustainable development,” said John Molina, founding member of Pacific6. “We are pleased to work with CastleGreen and X-Caliber once again. We look forward to re-opening the historic Ocean Center, bringing the 1920s to the 2020s in grand fashion.”

“CSCDA is happy to now have completed two projects under its Open PACE program in the City of Long Beach,” says James Hamill, Managing Director of the California Statewide Communities Development Authority (CSCDA). “We are grateful to CastleGreen Finance for their support and expertise to marshal these financings to successful closings.”

“I was very happy to have had the chance to work with such a fantastic group for a second time in under a year, and on yet another interesting and exciting deal in the dynamic market of Long Beach, California,” said Matt Raptosh, Managing Director, Berkadia, who arranged the financing. “When structuring a transaction, our team always tries to connect the very best professionals on both the client and lender sides who can work well together and in good faith. I was fortunate once again to have the expertise of Berkadia’s Associate Director Connor Wimsatt work with me on this one, and the fact that we were able to secure repeat business so soon with the same groups is evidence of our platform’s success.”

The renovations are expected to be completed by December 2022 and the property is planned to be on the rental market by Spring of 2023.

About X-Caliber – www.x-calibercap.com

X-Caliber Capital is a nationally recognized direct commercial mortgage lender and loan servicer. We are an FHA-approved Multifamily Accelerated Processing (MAP) lender and GNMA- approved MBS issuer, and together with our affiliates, provide bridge, USDA, and C-PACE financing solutions.

We strive to deliver to our clients, and to the communities in which we lend, the best financing solutions available to support their business goals, while focusing on some of the nation’s greatest challenges – affordable housing, the environment, care for our seniors, and rural businesses. By leveraging the most effective private and government programs in the country, we can harness the power of our expertise and practice the values for which we stand, so we can make the world a better place for all.

About CastleGreen Finance – www.CastleGreenfinance.com

CastleGreen Finance is a private capital source focused on Commercial PACE (Property Assessed Clean Energy) financing. CastleGreen brings extensive experience in commercial real estate across a broad range of financial disciplines. The real estate experience of the CastleGreen team, combined with its core C-PACE capabilities, provides its clients with the knowledge and resources to create a superior capital stack that meets all of their needs and helps to unlock the potential of their commercial real estate. We understand that the most important part of any real estate transaction is showing up with the capital at closing. Our team focuses on the details of every deal to ensure we can get our clients to the finish line.

About Pacific6 – www.pacificsix.com

Pacific6 is a Long Beach, California-based investment and development partnership, capitalized at over $100 million. The partnership’s six founders are committed to identifying, investing, and being personally involved in inspiring initiatives that provide both economically and socially positive impacts for the people and communities in which they are located. The current project portfolio includes the award-winning Long Beach Post and the historic Breakers Hotel.

Media Contact
Bonnie Habyan
Chief Marketing Officer
914.815.9806

BOTHELL, Wash.--(BUSINESS WIRE)--The Clean Energy Fund of the Washington State Department of Commerce has funded Qualco Energy to deploy a hydrogen generation solution from Modern Electron. The Qualco Energy renewable biogas project in Snohomish County leverages Modern Electron’s cost-efficient and environmentally friendly method for producing clean hydrogen with no CO₂ emissions. The clean hydrogen produced by Modern Electron will be utilized for power generation that delivers electricity to a local community of 300 homes.

Qualco Energy, a partnership of the Tulalip Tribes, Northwest Chinook Recovery and the Werkhoven Dairy, will deploy Modern Electron’s novel natural gas pyrolysis technology to produce clean hydrogen. Using renewable biogas as the methane feedstock, Modern Electron’s technology delivers hydrogen and high value carbon credits from verifiable carbon sequestration. The Biogas is collected from a dairy anaerobic digester operation. By using the cow manure in a digester instead of applying it directly to farm fields, Qualco helps to prevent the cow manure from being washed into streams and rivers during flood events and helps the dairy to use the nutrients in the manure more efficiently. The biogas from the project is also used to generate electricity used by the Snohomish County Public Utility District Number 1.

Hydrogen enables significant reductions in greenhouse gas emissions. As a fuel, hydrogen burns cleanly and only emits water vapor as exhaust. Hydrogen can be used in almost every application from furnaces and boilers to engines and fuel cells that today use natural gas.

Dr. Amit Goyal, Director of Technology at Modern Electron, said, “Our innovative process uses renewable biogas to produce hydrogen and sequesters solid carbon at the same time. This new technique yields net negative emissions with significant environmental benefits, without the high cost of CO₂ capture. We can also directly weigh the solid carbon we pull out from the biogas, and every kilogram of solid carbon we put into the ground directly translates to verifiable emissions captured and avoided.”

The demand for clean hydrogen for decarbonization is rapidly increasing from commercial buildings, industrial manufacturing, offices, hotels, food processing, power generation, transportation, schools, and government facilities. Modern Electron’s solutions produce clean hydrogen onsite, where the hydrogen can be used immediately, without the logistics of traditional hydrogen transportation and storage.

“Outside of the transportation sector, almost half of our energy in the USA comes from natural gas,” said Max Mankin, CTO of Modern Electron. “Removing CO₂ emissions from natural gas use would be revolutionary towards combating climate change, without compromising affordability and energy security. I’m thrilled to partner with Qualco Energy and the Tulalip Tribes to lower CO₂ emissions and provide affordable energy as an early step on the way to that goal.”

Modern Electron’s solutions produce hydrogen from biogas and natural gas, both domestic fuels that are readily available and have resilient delivery systems. This approach to reducing CO₂ emissions leverages the USA’s vast natural gas network. Combined with Modern Electron technology, existing gas distribution infrastructure is ready to enable wide-scale reductions in CO₂ emissions. This existing pipeline capacity will also help electric grid resiliency by enabling distributed power generation with clean hydrogen.

"The U.S. has about 3 million miles of natural gas pipelines and associated infrastructure worth several trillion dollars," said Tony Pan, CEO of Modern Electron. "Decarbonization solutions that can reuse gas infrastructure will save the world of trillions of dollars of infrastructure overhauls, and speed up reaching net zero by decades."

Modern Electron and Qualco Energy’s project directly supports the goals of the State of Washington for the deployment of clean energy technologies that save energy, reduce costs, and eliminate harmful emissions. The project also addresses inclusion of vulnerable populations and tribal communities, increasing energy independence of the state, and increasing use of renewable, carbon-neutral biogas.

The pilot plant will be implemented at a bio digestor site operated by Qualco Energy located at a dairy farm in Monroe, Washington. An environmental consultant from the Tulalip Tribes will provide guidance and reporting on net environment impact of the project and its integration with the dairy farm and local environment.

Media:
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HOUSTON--(BUSINESS WIRE)--Orion Engineered Carbons (NYSE: OEC), a specialty chemicals company, announced today it aspires to align its sustainability objectives with the Paris Climate Agreement and strive to achieve net-zero emissions of greenhouse gases by 2050.

To make its net-zero aspirations realistic, Orion developed a roadmap with near- and long-term targets. The company aspires to:

• Launch a broad range of products using recycled materials by 2025 and during the same period position the company to enlarge its footprint in the conductive additives space, such as in lithium-ion batteries for electric vehicles and other applications critical for the transition toward electric power.
• Generate 30% of its adjusted EBITDA through sustainable solutions by 2030.
• Grow the sustainable solutions’ share of adjusted EBITDA to 50% by 2035.
• Set new aspirational mid-term goals for greenhouse-gas emissions reduction that are aligned with science-based methodologies.

The net-zero ambition demonstrates Orion’s ongoing commitment to address global climate change while meeting customers’ needs for highly engineered materials essential for tires, coatings, batteries and numerous other everyday products.

“We know our goal is ambitious and we want to make sure it’s meaningful. Like most companies, we can’t say we have all the answers now. But we’re determined to work hard to find sustainable solutions with collaboration, innovation and the right regulatory environment,” said Corning Painter, Orion’s CEO.

“Our ambition to align with the Paris Climate Agreement is a natural progression in our sustainability journey. Investing in sustainability is core to our growth strategy and key to our success as a business,” Painter added.

For more information about OEC’s sustainability performance and initiatives, visit Orion Engineered Carbons - Sustainability - Sustainability Roadmap (orioncarbons.com).

About Orion Engineered Carbons

Orion Engineered Carbons (NYSE: OEC) is a leading global supplier of carbon black, a solid form of carbon produced as powder or pellets. The material is made to customers’ exacting specifications for tires, coatings, ink, batteries, plastics and numerous other specialty, high-performance applications. Carbon black is used to tint, colorize, provide reinforcement, conduct electricity, increase durability, and add UV protection. Orion has innovation centers on three continents and 14 plants worldwide, offering the most diverse variety of production processes in the industry. The company’s corporate lineage goes back more than 160 years to Germany, where it operates the world’s longest-running carbon black plant. Orion is a leading innovator, applying a deep understanding of customers’ needs to deliver sustainable solutions. For more information, please visit orioncarbons.com.

Forward-Looking Statements

This document contains certain forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements of future expectations that are based on current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. You should not place undue reliance on forward-looking statements. Each forward-looking statement speaks only as of the date of the particular statement. New risk factors and uncertainties emerge from time to time and it is not possible to predict all risk factors and uncertainties, nor can we assess 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. We undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information, other than as required by applicable law.

Wendy Wilson
Head of Investor Relations
Orion Engineered Carbons
Mobile: +1 281-974-0155
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William Foreman
Director of Corporate Communications and Government Affairs
Orion Engineered Carbons
Mobile: +1 281-889-7833
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• EcoStruxure Building Operation 2022 increases the ease of connectivity between systems and data both inside and outside buildings with integration of renewable energy sources
• Up to 40% energy savings1 can be achieved with EcoStruxure Building solutions while enhancing occupant comfort and productivity
• SpaceLogic Insight-Sensor captures rich data insights to help improve efficiency and achieve green and well-being building certifications

MISSISSAUGA, Ontario--(BUSINESS WIRE)--Schneider Electric, the leader in the digital transformation of energy management and automation, and recognized as the World’s most sustainable corporation in 2021 by Corporate Knights Global 100 Index, today announced two new solutions to increase building sustainability and efficiency while enhancing occupant comfort. EcoStruxure™ Building Operation 2022, a uniquely open and integrated smart building management system, and the SpaceLogic™ Insight-Sensor, a six-in-one room sensor with anonymous real-time people counting, will be gamechangers in the journey to net-zero carbon buildings. With these additions, Schneider Electric continues to enable customers to achieve up to 40 per cent energy savings¹ with EcoStruxure Building solutions.

Making building data and automation work for comfortable, net-zero carbon buildings

Complex issues of global climate change and net-zero carbon mandates are increasing demands on buildings, which generate nearly 40 per cent of the world’s CO₂ emissions.² EcoStruxure Building Operation 2022 and SpaceLogic Insight-Sensor deliver building owners and facility managers with granular visibility through open, integrated building systems and devices that easily connect and exchange information. The new offers also provide flexibility to adapt and respond to owners’, occupants’ and society’s needs both today and in the future. And they help deliver on the promise of IoT, ensuring that valuable building data can be accessed, standardized, secured, and analyzed for maximum efficiency and predictive maintenance using AI and machine learning.

“Schneider Electric is proud to be a part of the evolution of building technology at such a pivotal time for the industry. By providing these new leading solutions we will further help building owners, facility managers and our EcoXpert partners address the increasing pressures they face head-on,” says Andre Marino, SVP of Digital Buildings. “These open, data-centric solutions apply flexibility and insight to what are inherently rigid challenges of buildings. Solving these challenges is essential to meeting the demands of today’s modern buildings and supporting the new balance of remote work and office time, with priorities ranging from creating safe, healthy and flexible occupant spaces, to protecting the environment from climate change.”

EcoStruxure Building Operation 2022 takes open system integration to the next level

EcoStruxure Building Operation, part of the EcoStruxure Building ecosystem, is an open and scalable next-generation building management solution that provides a single control center for building and facility mangers to monitor, manage and optimize systems that were traditionally siloed. It allows bi-directional integration and exchange of any third-party system or device and does not lock-up customers’ data in proprietary languages or codes.

To achieve net-zero, buildings must become more digital and more electric. Building Operation 2022 provides simple integration, visibility and actionable data from microgrids, EV charging stations and renewable energy sources, in addition to previously integrated HVAC, power, lighting, security, fire systems, and more to create sustainable, energy- and operationally-efficient, and comfortable buildings.

EcoStruxure Building Operation 2022 other new features and benefits include:

• Scalable software licensing bundle options making solutions more affordable for smaller, mid-market projects, and a new subscription-based software assurance upgrade option supports system modernization.
• Enhanced reports and dashboard UIs, including Alarm Management, which provides clear insights and notification to issues before they become disruptive problems
• Technical data is now simpler to understand and manage by facility managers
• Access to more data especially from the proliferation of IoT-enabled connected room devices
• Industry-leading compliance and cybersecurity features, including new BACnet /SC (Secure Connect); Single Sign-On (SSO) with SAML 2.0; secure boot for the SpaceLogic Automation Server; and TLS 1.5 encryption

SpaceLogic™ Insight-Sensors increase occupant comfort while reducing energy use

Schneider Electric also introduces the SpaceLogic Insight-Sensor, an advanced six-in-one ceiling mounted room/zone sensor for people counting, occupancy, light, sound, temperature, and humidity sensing. Unlike traditional ventilation control that relies on schedules or CO₂ levels, the SpaceLogic Insight-Sensor, which uses anonymous people-counting technology, responds to precise changes in room occupancy in real-time for optimal fresh air supply. The direct integration with EcoStruxure Building Operation enables fast response time with no additional design, configuration or commissioning costs.

When more people enter a room, the Insight-Sensor informs EcoStruxure Building Operation, which dynamically adjusts room ventilation, reacting quickly before conditions become uncomfortable. Conversely, the Insight-Sensor ensures that energy use for HVAC or lighting is reduced when rooms are at low or zero occupancy.

SpaceLogic Insight-Sensor delivers these additional features and benefits:

• Fast installation and commissioning with native integration via the SpaceLogic RP-C Controller, the room’s IP backbone infrastructure, as part of EcoStruxure Connected Room Solutions
• Ability to easily reconfigure floor plans and work areas based on actual space usage patterns
• Remote control, wayfinding and other occupant services enabled by Bluetooth iBeacon and third-party beaconing applications
• Granular data on energy use and well-being analytics (temperature, light, sound) to help achieve LEED, WELL, BREEAM, Fitwel and other building certifications

Discover how the #BuildingsOfTheFuture will help you #BuildItForlife

About Schneider Electric

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

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

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

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

https://www.se.com/ca/en/

Discover Life is On

Follow us on: Twitter Facebook LinkedIn YouTube Instagram Blog

Discover the newest perspectives shaping sustainability, electricity 4.0, and next generation automation on Schneider Electric Insights

Hashtags: #SmartBuildingPlatform #EcoStruxure #BuildingManagementSystem #SmartRoomSensor

Related resources - Whitepapers:

Flexible Buildings: Five elements to create buildings ready for the new world of work
Smart Buildings: A Framework for Assessing the “Openness” of a Building Management System (BMS)
Three Essential Elements of a Next Generation Building Management System (BMS)

¹ up to 40 per cent energy savings for a typical EcoStruxure Building Operation customer (from analysis of 27 recent case studies) vs an industry average of 10-25% from a typical BMS (source: American Council for Energy Efficiency Economy).
² Architecture 2030, 2020

Media Relations - Edelman on behalf of Schneider Electric, Juan Pablo Guerrero, Phone: +1 416 875 7173, Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

STAMFORD, Conn.--(BUSINESS WIRE)--Crane Co., a diversified manufacturer of highly engineered industrial products, today announced its regular quarterly dividend of $0.47 per share for the second quarter of 2022. The dividend is payable on June 8, 2022 to shareholders of record as of the close of business on May 31, 2022.

Crane Co. is a diversified manufacturer of highly engineered industrial products. Founded in 1855, Crane Co. provides products and solutions to customers across end markets including aerospace, defense, chemical and petrochemical, water and wastewater, payment automation, and banknote security and production, as well as for a wide range of general industrial and consumer applications. The Company has four business segments: Aerospace & Electronics, Process Flow Technologies, Payment & Merchandising Technologies, and Engineered Materials. On May 24, 2021, Crane announced that it had signed an agreement to divest its Engineered Materials segment subject to customary closing conditions and regulatory approval. On March 17, 2022, the Department of Justice (DOJ) filed a complaint to enjoin that sale transaction. Crane Co. has approximately 11,000 employees in the Americas, Europe, the Middle East, Asia and Australia. Crane Co. is traded on the New York Stock Exchange (NYSE:CR). For more information, visit www.craneco.com.

Jason D. Feldman
Vice President, Investor Relations
203-363-7329
www.craneco.com

DUBLIN--(BUSINESS WIRE)--The Board of Directors of power management company Eaton (NYSE:ETN) today declared a quarterly dividend of $0.81 per ordinary share. The dividend is payable May 27, 2022, to shareholders of record at the close of business on May 13, 2022. Eaton has paid dividends on its shares every year since 1923.

Eaton is an intelligent power management company dedicated to improving the quality of life and protecting the environment for people everywhere. We are guided by our commitment to do business right, to operate sustainably and to help our customers manage power ─ today and well into the future. By capitalizing on the global growth trends of electrification and digitalization, we’re accelerating the planet’s transition to renewable energy, helping to solve the world’s most urgent power management challenges, and doing what’s best for our stakeholders and all of society.

Founded in 1911, Eaton has been listed on the NYSE for nearly a century. We reported revenues of $19.6 billion in 2021 and serve customers in more than 170 countries. For more information, visit www.eaton.com. Follow us on Twitter and LinkedIn.

Jennifer Tolhurst, +1 (440) 523-4006

HOUSTON--(BUSINESS WIRE)--Black Stone Minerals, L.P. (NYSE: BSM) (“Black Stone,” “BSM,” or “the Company”) today declared the distribution attributable to the first quarter of 2022. Additionally, the Partnership announced the date of its first quarter 2022 earnings call.

Common Distribution

The Board of Directors of the general partner has approved a cash distribution for common units attributable to the first quarter of 2022 of $0.40 per unit. This represents an increase of approximately 48% over the common distribution paid with respect to the prior quarter. Distributions will be payable on May 20, 2022 to unitholders of record on May 13, 2022.

Thomas L. Carter, Jr., Black Stone Minerals’ Chief Executive Officer and Chairman commented, “We are pleased to announce a distribution for the first quarter of 2022 that is almost 50% above the distribution paid with respect to the fourth quarter of 2021. We are seeing robust cash flows in this constructive commodity price environment, and our very low debt balance allows us to return a higher percentage of those cash flows to our unitholders.”

Earnings Conference Call

The Partnership is scheduled to release details regarding its results for the first quarter 2022 after the close of trading on May 2, 2022. A conference call to discuss these results is scheduled for May 3, 2022 at 10:30 a.m. Central time (11:30 a.m. Eastern time). The conference call will be broadcast live in listen-only mode on the company’s investor relations website at www.blackstoneminerals.com. If you would like to ask a question, the dial-in number for the conference call is 877-447-4732 for domestic participants and 615-247-0077 for international participants. The conference ID for the call is 5993962. Call participants are advised to call in 10 minutes in advance of the call start time.

A telephonic replay of the conference call will be available approximately two hours after the call through June 3, 2022, at 855-859-2056 for domestic replay and 404-537-3406 for international replay. The conference ID for the replay is 5993962.

About Black Stone Minerals, L.P.

Black Stone Minerals is one of the largest owners of oil and natural gas mineral interests in the United States. The Company owns mineral interests and royalty interests in 41 states in the continental United States. Black Stone believes its large, diversified asset base and long-lived, non-cost-bearing mineral and royalty interests provide for stable to growing production and reserves over time, allowing the majority of generated cash flow to be distributed to unitholders.

Information for Non-U.S. Investors

This press release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Although a portion of Black Stone Minerals’ income may not be effectively connected income and may be subject to alternative withholding procedures, brokers and nominees should treat 100% of Black Stone Minerals’ distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, Black Stone Minerals’ distributions to non-U.S. investors are subject to federal income tax withholding at the highest marginal rate, currently 37.0% for individuals.

Black Stone Minerals, L.P. Contacts

Jeff Wood
President and Chief Financial Officer

Evan Kiefer
Vice President, Finance and Investor Relations
Telephone: (713) 445-3200
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TULSA, Okla.--(BUSINESS WIRE)--Williams’ (NYSE: WMB) board of directors has approved a regular dividend of $0.425 per share, or $1.70 annualized, on the company’s common stock, payable on June 27, 2022, to holders of record at the close of business on June 10, 2022.

This is a 3.7% increase from Williams’ second-quarter 2021 quarterly dividend of $0.41 per share, paid in June 2021.

Some portion of this distribution may be considered a return of capital for tax purposes. Additional information regarding return of capital distributions is available at Williams’ investor relations website.

Williams has paid a common stock dividend every quarter since 1974.

About Williams

Williams (NYSE: WMB) is committed to being the leader in providing infrastructure that safely delivers natural gas products to reliably fuel the clean energy economy. Headquartered in Tulsa, Oklahoma, Williams is an industry-leading, investment grade C-Corp with operations across the natural gas value chain including gathering, processing, interstate transportation and storage of natural gas and natural gas liquids. With major positions in top U.S. supply basins, Williams connects the best supplies with the growing demand for clean energy. Williams owns and operates more than 30,000 miles of pipelines system wide – including Transco, the nation’s largest volume and fastest growing pipeline – and handles approximately 30 percent of the natural gas in the United States that is used every day for clean-power generation, heating and industrial use. www.williams.com

Portions of this document may constitute “forward-looking statements” as defined by federal law. Although the company believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Any such statements are made in reliance on the “safe harbor” protections provided under the Private Securities Reform Act of 1995. Additional information about issues that could lead to material changes in performance is contained in the company’s annual and quarterly reports filed with the Securities and Exchange Commission.

MEDIA:
This email address is being protected from spambots. You need JavaScript enabled to view it.
(800) 945-8723

INVESTOR CONTACT:
Danilo Juvane
(918) 573-5075

Grace Scott
(918) 573-1092

First Quarter 2022 Highlights

• GAAP earnings from continuing operations per diluted share (EPS) of $1.64 compared to $1.75 in the first quarter of 2021.

• Excluding Special Items, record EPS from continuing operations ("adjusted EPS") of $1.81 increased 15% compared to $1.57 in the first quarter of 2021.

• Core year-over-year sales growth of 5% and core year-over-year order growth of 12%.

• Completed previously announced $300 million share repurchase program.

• Signed an agreement to divest Crane Supply, the Company's Canadian distribution business.

• Adjusting GAAP EPS from continuing operations guidance to $6.35-$6.75 to reflect expected transaction related costs.

• Reiterating EPS from continuing operations guidance, excluding Special Items, of $7.00-$7.40.

STAMFORD, Conn.--(BUSINESS WIRE)--Crane Co. (NYSE: CR), a diversified manufacturer of highly engineered industrial products, reported first quarter 2022 financial results and reaffirmed its full-year 2022 outlook excluding Special Items.

Max Mitchell, Crane Co. President and Chief Executive Officer stated: “This quarter’s results are another example of how we have positioned our businesses to drive accelerating growth, with strong core sales and orders growth supporting our 15% increase in adjusted EPS. Sales and order growth were driven by continued recovery across end markets, as well as our continued success with new product introductions and commercial excellence initiatives. Performance was solid across all three segments, and we remain confident in our ability to achieve our full-year guidance."

"Today, we also announced that we signed an agreement to divest Crane Supply for CAD 380 million. This decision further demonstrates our commitment to reshaping and restructuring our portfolio to accelerate growth, building on our prior announcement to divest Engineered Materials. The Crane Supply transaction will also further streamline our Process Flow Technologies business, with greater focus on manufacturing highly engineered products for its core target markets: chemical, pharmaceutical, water and wastewater, and general industrial."

Mr. Mitchell concluded: "We also continue to make progress towards our planned separation into two independent, publicly traded companies that we announced on March 30, and that we believe will unlock substantial value for our shareholders. As we move forward, shareholders will see how post-separation, both Crane NXT and Crane Co. will be positioned to further accelerate core growth and to create value through their independently optimized capital allocation strategies. The separation marks a new beginning for Crane, and the creation of two exciting stories."

First Quarter 2022 Results from Continuing Operations

First quarter 2022 GAAP earnings from continuing operations per diluted share (EPS) of $1.64, compared to $1.75 in the first quarter of 2021. Excluding Special Items, first quarter 2022 EPS from continuing operations was $1.81, compared to $1.57 in the first quarter of 2021. (Please see the attached Non-GAAP Financial Measures tables for a detailed reconciliation of reported results to adjusted measures.)

First quarter 2022 sales were $801 million, an increase of 3% compared to the first quarter of 2021. The sales increase was comprised of a $36 million, or 5%, increase in core sales, partially offset by a $14 million, or 2%, impact from unfavorable foreign exchange.

First quarter 2022 operating profit was $134 million, compared to $140 million in the first quarter of 2021. Operating profit margin was 16.7%, compared to 18.0% last year, with the decline driven primarily by a gain on the sale of real estate in 2021 without a similar gain in 2022 coupled with higher transaction costs in 2022, partially offset by strong productivity; higher pricing approximately offset inflation. Excluding Special Items, first quarter 2022 operating profit was $141 million, compared to $128 million last year. Excluding Special Items, operating profit margin was 17.6%, compared to 16.5% last year, with the improvement driven primarily by strong productivity; higher pricing approximately offset inflation. (Please see the attached Non-GAAP Financial Measures tables for a detailed reconciliation of reported results to adjusted measures.)

In April 2022, the Company completed its previously announced $300 million share repurchase program, with a total of approximately 2.9 million shares repurchased.

Summary of First Quarter 2022 Results from Continuing Operations

First Quarter 2022 Segment Results

All comparisons detailed in this section refer to operating results for the first quarter 2022 versus the first quarter 2021.

Aerospace & Electronics

Sales of $157 million increased 2% compared to the prior year. Operating profit margin improved to 17.9%, from 16.9% last year, primarily reflecting favorable mix, pricing and productivity, partially offset by higher manufacturing and engineering costs. Aerospace & Electronics' order backlog was $508 million at March 31, 2022, compared to $460 million at December 31, 2021, and compared to $482 million at March 31, 2021.

Process Flow Technologies

*Please see the attached Non-GAAP Financial Measures tables

Sales of $311 million increased $23 million, or 8%, driven by a $28 million, or 10%, increase in core sales, partially offset by a $5 million, or 2%, impact from unfavorable foreign exchange. Operating profit margin decreased to 15.7%, compared to 17.4% last year, primarily reflecting a gain on the sale of real estate in 2021 without a similar gain in 2022, partially offset by strong productivity, leverage on higher volumes, and stronger pricing net of inflation. Excluding Special Items, operating margin increased to 16.3%, compared to 13.4% last year, driven primarily by strong productivity, leverage on higher volumes, and stronger pricing net of inflation. Process Flow Technologies order backlog was $372 million at March 31, 2022, compared to $358 million at December 31, 2021, and compared to $325 million at March 31, 2021.

Payment & Merchandising Technologies

*Please see the attached Non-GAAP Financial Measures tables

Sales of $333 million decreased $5 million, or 1%, driven by a $9 million, or 3%, impact from unfavorable foreign exchange, partially offset by a $4 million, or 1%, increase in core sales. Operating profit margin decreased slightly to 25.3%, from 25.4% last year. Excluding Special Items, operating profit margin was 25.3%, unchanged from the prior year. During the quarter, stronger pricing offset the impact of higher inflation.

Additional Details on the Announced Divestiture and Earnings Guidance

Crane Co. has signed an agreement to sell Crane Supply for CAD 380 million on a cash-free and debt-free basis. The sale is subject to customary closing conditions and regulatory approvals.

On May 24, 2021, Crane Co. announced that it had signed an agreement to sell its Engineered Materials segment. On March 17, 2022, the Department of Justice (DOJ) filed a complaint to enjoin that sale transaction. In the normal course, Crane expects to engage in a process to address the DOJ’s antitrust concerns regarding a minor overlap in a narrow range of material used in certain commercial building applications. Starting with second quarter 2021 financial results, Engineered Materials has been presented as discontinued operations. All components of guidance, both GAAP and adjusted, are provided on a continuing operations basis and exclude all contribution from Engineered Materials.

We are adjusting our full year 2022 GAAP EPS from continuing operations guidance to $6.35-$6.75, from $6.85-$7.25, to reflect additional anticipated transaction related costs. Excluding Special Items, full year 2022 EPS from continuing operations guidance remains $7.00-$7.40. (Please see the attached non-GAAP Financial Measures tables.)

Additional Information

Additional information with respect to the Company’s asbestos liability and related accounting provisions and cash requirements is set forth in the Current Report on Form 8-K filed with a copy of this press release.

Conference Call

Crane Co. has scheduled a conference call to discuss the first quarter financial results on Tuesday, April 26, 2022 at 10:00 A.M. (Eastern). All interested parties may listen to a live webcast of the call at http://www.craneco.com. An archived webcast will also be available to replay this conference call directly from the Company’s website under Investors, Events & Presentations. Slides that accompany the conference call will be available on the Company’s website.

Crane Co. is a diversified manufacturer of highly engineered industrial products. Founded in 1855, Crane Co. provides products and solutions to customers across end markets including aerospace, defense, chemical and petrochemical, water and wastewater, payment automation, and banknote security and production, as well as for a wide range of general industrial and consumer applications. The Company has four business segments: Aerospace & Electronics, Process Flow Technologies, Payment & Merchandising Technologies, and Engineered Materials. On May 24, 2021, Crane announced that it had signed an agreement to divest its Engineered Materials segment subject to customary closing conditions and regulatory approval. On March 17, 2022, the Department of Justice (DOJ) filed a complaint to enjoin that sale transaction. In the normal course, Crane expects to engage in a process to address the DOJ’s antitrust concerns regarding a minor overlap in a narrow range of material used in certain commercial building applications. Crane Co. has approximately 11,000 employees in the Americas, Europe, the Middle East, Asia and Australia. Crane Co. is traded on the New York Stock Exchange (NYSE:CR). For more information, visit www.craneco.com.

This press release contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements include all statements that are not historical statements of fact and those regarding our intent, belief, or expectations, including, but not limited to: statements regarding Crane’s and the ultimate spin-off company’s (“SpinCo”) portfolio composition and their relationship following the business separation; the anticipated timing, structure, benefits, and tax treatment of the spin-off; benefits and synergies of the spin-off; strategic and competitive advantages of each of Crane and SpinCo; future financing plans and opportunities; and business strategies, prospects and projected operating and financial results. In addition, there is also no assurance that the spin-off will be completed, that Crane’s Board of Directors will continue to pursue the spin-off (even if there are no impediments to completion), that Crane will be able to separate its businesses or that the spin-off will be the most beneficial alternative considered. We caution investors not to place undue reliance on any such forward-looking statements.

Words such as “anticipate(s),” “expect(s),” “intend(s),” “plan(s),” “believe(s),” “plan(s),” “may,” “will,” “would,” “could,” “should,” “seek(s),” and similar expressions, or the negative of these terms, are intended to identify such forward-looking statements. These statements are based on management’s current expectations and beliefs and are subject to a number of risks and uncertainties that could lead to actual results differing materially from those projected, forecasted or expected. Although we believe that the assumptions underlying the forward-looking statements are reasonable, we can give no assurance that our expectations will be attained.

Risks and uncertainties that could cause actual results to differ materially from our expectations include, but are not limited to: changes in global economic conditions (including inflationary pressures) and geopolitical risks, including macroeconomic fluctuations that may harm our business, results of operation and stock price; the effects of the ongoing coronavirus pandemic on our business and the global and U.S. economies generally; information systems and technology networks failures and breaches in data security, personally identifiable and other information, non-compliance with our contractual or other legal obligations regarding such information; potential exposure from numerous lawsuits for asbestos-related personal injury; our ability to source components and raw materials from suppliers, including disruptions and delays in our supply chain; demand for our products, which is variable and subject to factors beyond our control; governmental regulations and failure to comply with those regulations; fluctuations in the prices of our components and raw materials; loss of personnel or being able to hire and retain additional personnel needed to sustain and grow our business as planned; risks from environmental liabilities, costs, litigation and violations that could adversely affect our financial condition, results of operations, cash flows and reputation; risks associated with conducting a substantial portion of our business outside the U.S.; being unable to identify or complete acquisitions, or to successfully integrate the businesses we acquire, or complete dispositions, including the disposition of our Engineered Materials segment; adverse impacts from intangible asset impairment charges; potential product liability or warranty claims; being unable to successfully develop and introduce new products, which would limit our ability to grow and maintain our competitive position and adversely affect our financial condition, results of operations and cash flow; significant competition in our markets; additional tax expenses or exposures that could affect our financial condition, results of operations and cash flows; inadequate or ineffective internal controls; risks related to our holding company proposal to be voted on by Crane’s stockholders at Crane’s 2022 annual stockholder meeting, which are further described in the section entitled “Risk Factors Related to the Holding Company Proposal” in the Form S-4 registration statement filed on March 1, 2022 by our wholly-owned subsidiary, Crane Holdings, Co. (the “Crane Holdings Registration Statement”); specific risks relating to our reportable segments, including Aerospace & Electronics, Process Flow Technologies, Payment & Merchandising Technologies and Engineered Materials; the ability and willingness of Crane and SpinCo to meet and/or perform their obligations under any contractual arrangements that are entered into among the parties in connection with the spin-off and any of their obligations to indemnify, defend and hold the other party harmless from and against various claims, litigation and liabilities; and the ability to achieve some or all the benefits that we expect to achieve from the spin-off.

Readers should carefully review Crane’s financial statements and the notes thereto, as well as the section entitled “Risk Factors” in Item 1A of Crane’s Annual Report on Form 10-K for the year ended December 31, 2021 and the section entitled “Risk Factors Related to the Holding Company Proposal” in the Crane Holdings Registration Statement and the other documents Crane and its subsidiaries (including Crane Holdings, Co.) file from time to time with the SEC. Readers should also carefully review the “Risk Factors” section of the registration statement relating to the business separation, which is expected to be filed by SpinCo 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.

These forward-looking statements reflect management’s judgment as of this date, and Crane assumes no (and disclaims any) obligation to revise or update them to reflect future events or circumstances.

We make no representations or warranties as to the accuracy of any projections, statements or information contained in this document. It is understood and agreed that any such projections, targets, statements and information are not to be viewed as facts and are subject to significant business, financial, economic, operating, competitive and other risks, uncertainties and contingencies many of which are beyond our control, that no assurance can be given that any particular financial projections ranges, or targets will be realized, that actual results may differ from projected results and that such differences may be material. While all financial projections, estimates and targets are necessarily speculative, we believe that the preparation of prospective financial information involves increasingly higher levels of uncertainty the further out the projection, estimate or target extends from the date of preparation. The assumptions and estimates underlying the projected, expected or target results are inherently uncertain and are subject to a wide variety of significant business, economic and competitive risks and uncertainties that could cause actual results to differ materially from those contained in the financial projections, estimates and targets. The inclusion of financial projections, estimates and targets in this press release should not be regarded as an indication that we or our representatives, considered or consider the financial projections, estimates and targets to be a reliable prediction of future events.

This press release does not constitute an offer to sell, or a solicitation of an offer to buy, securities for sale.

(Financial Tables Follow)

Jason D. Feldman
Vice President, Investor Relations
203-363-7329
www.craneco.com

DUBLIN--(BUSINESS WIRE)--The "Global Aviation Lubricant Market (2022-2027) by Type, Material, End-User, Application, Aircraft Type, Industry, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.

The Global Aviation Lubricant Market is estimated to be USD 3.12 Bn in 2022 and is expected to reach USD 4.6 Bn by 2027, growing at a CAGR of 8.09%.

Market dynamics are forces that impact the prices and behaviors of the Global Aviation Lubricant Market stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.

Market Segmentation

• The Global Aviation Lubricant Market is segmented based on Type, Material, End-User, Application, Aircraft Type, Industry, and Geography.
• Type, the market is classified into Hydraulic Fluid, Additives and Special Lubricant, Engine Oil, and Grease.
• Material, the market is classified into Synthetic, and Mineral Based.
• End-User, the market is classified into OEM, and Aftermarket.
• Application, the market is classified into Hydraulic Systems, Engine, Landing Gear, Airframe, and Others.
• Aircraft Type, the market is classified into Commercial Aviation, Military Aviation, and Business.
• Industry, the market is classified into Power Generation, Oil and Gas, Marine and Others.
• Geography, the market is classified into Americas, Europe, Middle-East & Africa and Asia-Pacific.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

The report presents a detailed Ansoff matrix analysis for the Global Aviation Lubricant Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.

The analyst analyses Global Aviation Lubricant Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.

Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Aviation Lubricant Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.

Market Dynamics

Drivers

• Growing Commercial and Military Aviation Industry
• Increasing Demand for Low-Density Lubricants for Reduced Weight
• Increased Consumption of Synthetic Lubricants

Restraints

• Contamination of Lubricatants
• Stringent Government Regulations
• High Cost of Investment And Maintenance

Opportunities

• Electrification of Aviation Increases Demand Lubricant with Electric Motor Cooling Capabilities
• Developing New Geographical Markets, Partnerships, and Acquisitions
• Increasing Demand for Eco-Friendly Lubricants

Challenges

• Operating Capability of Lubricants Under Extreme Conditions
• Thermal and Oxidative Stress On Oil

Companies Mentioned

• Shell plc
• ExxonMobil
• Total Group
• Air BP Lubricants
• Lukoil
• Phillips 66
• Eastman Chemical Company
• Aerospace Lubricants, Inc.
• The Chemours Company
• Royal Dutch Shell plc
• NYCO
• LANXESS
• LUKOIL
• Nye Lubricants, Inc.,
• ROCOL
• JET-LUBE
• Candan Industries
• Fuchs

For more information about this report visit https://www.researchandmarkets.com/r/jd8ufi

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DALLAS--(BUSINESS WIRE)--Kosmos Energy (NYSE/LSE: KOS) announced today the following schedule for its first quarter 2022 results:

• Earnings Release: Monday, May 9, 2022, pre-UK market open via Business Wire, Regulatory News Service, and the Company’s website at www.kosmosenergy.com.
• Conference Call: Monday, May 9, 2022 at 11:00 a.m. EDT. The call will be available via telephone and webcast.

Dial-in telephone numbers:
Toll Free: 1-877-407-0784
Toll/International: 1-201-689-8560
UK Toll Free: 0800 756 3429

Webcast:
investors.kosmosenergy.com

• Webcast Conference Call Replay: A replay of the webcast will be available at investors.kosmosenergy.com for approximately 90 days following the event.

About Kosmos Energy

Kosmos is a full-cycle deepwater independent oil and gas exploration and production company focused along the Atlantic Margins. Our key assets include production offshore Ghana, Equatorial Guinea and U.S. Gulf of Mexico, as well as a world-class gas development offshore Mauritania and Senegal. Kosmos is listed on the New York Stock Exchange and London Stock Exchange and is traded under the ticker symbol KOS. As an ethical and transparent company, Kosmos is committed to doing things the right way. The Company’s Business Principles articulate our commitment to transparency, ethics, human rights, safety and the environment. Read more about this commitment in our Corporate Responsibility Report. For additional information, visit www.kosmosenergy.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Kosmos expects, believes or anticipates will or may occur in the future are forward-looking statements. Kosmos’ estimates and forward-looking statements are mainly based on its current expectations and estimates of future events and trends, which affect or may affect its businesses and operations. Although Kosmos believes that these estimates and forward-looking statements are based upon reasonable assumptions, they are subject to several risks and uncertainties and are made in light of information currently available to Kosmos. When used in this press release, the words “anticipate,” “believe,” “intend,” “expect,” “plan,” “will” or other similar words are intended to identify forward-looking statements. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Kosmos, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. Further information on such assumptions, risks and uncertainties is available in Kosmos’ Securities and Exchange Commission (“SEC”) filings. Kosmos undertakes no obligation and does not intend to update or correct these forward-looking statements to reflect events or circumstances occurring after the date of this press release, except as required by applicable law. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.

Investor Relations
Jamie Buckland
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Media Relations
Thomas Golembeski
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COLTON, Calif.--(BUSINESS WIRE)--Ecotec International Holdings, LLC (“ECOTEC”) today announced a strategic minority equity investment by Archrock, Inc. (“Archrock”), Archrock is an energy infrastructure company with a pure-play focus on midstream natural gas compression. In addition to the strategic investment, Archrock will also begin offering ECOTEC’s suite of solutions to its customers in support of their sustainability goals.

Archrock is the leading provider of natural gas compression services to customers in the oil and natural gas industry throughout the U.S. and a leading supplier of aftermarket services to customers that own compression equipment in the U.S.

The strategic investment by Archrock accelerates ECOTEC’s expansion into the oil and gas industry. With over thirty years of expertise providing a comprehensive ecosystem of methane solutions in the natural gas, biogas, carbon credit and air quality industries, the oil and gas industry is a key area of growth for ECOTEC. ECOTEC’s combination of cutting-edge instrumentation and software provides accurate and directly measured emissions data, which is auditable by third-party organizations, and directly applicable to helping solve the decarbonization challenges faced by the oil and gas industry.

Tim Novick, President and Chief Executive Officer of ECOTEC, said, “We are thrilled to partner with Archrock as an increasing number of oil and gas companies commit to thoughtful ESG strategies to measure and reduce their methane emissions. In particular, methane leak mitigation will be critical in solidifying the important role natural gas will play in energy transition. With over 67 years of operating history, Archrock’s deep industry understanding and long-standing customer relationships will be fundamental to accelerating ECOTEC’s growth in oil and gas and creating value for ECOTEC and its stakeholders.”

“We are excited to partner with ECOTEC and advance our shared vision for helping the oil and gas industry decarbonize,” said Brad Childers, Archrock’s President and Chief Executive Officer. “The expansion of our services to include direct emissions detection, management and mitigation is a significant step in our strategy to develop a suite of solutions that supports our customers’ sustainability goals. ECOTEC’s management team has an impressive track record of building emissions management businesses in other sectors and this partnership connects their proven technology with our leading U.S. natural gas compression infrastructure and customer network. This investment provides a unique opportunity to deliver value for our customers and shareholders as we position Archrock to reduce emissions across the oil and gas industry.”

Intrepid Partners, LLC served as financial advisor to ECOTEC.

About ECOTEC

ECOTEC specializes in the design and development of specialty equipment and software solutions for the natural gas, biogas, renewable natural gas, carbon credit and oil and gas markets through its ECOTEC, AQMESH, GAS DATA, and GAZOMAT brands. With offices around the globe, ECOTEC's comprehensive solutions have been deployed around the world to help companies, organizations and municipalities identify, quantify, and remediate their environmental footprint, particularly through reductions in methane emissions. Learn more at www.ecotecco.com.

About Archrock

Archrock is an energy infrastructure company with a pure-play focus on midstream natural gas compression. Archrock is the leading provider of natural gas compression services to customers in the oil and natural gas industry throughout the U.S. and a leading supplier of aftermarket services to customers that own compression equipment in the U.S. Archrock is headquartered in Houston, Texas. For more information, please visit www.archrock.com.

For information, contact:
Kay Schlotfeldt
909-906-1001
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HOUSTON--(BUSINESS WIRE)--Helix Energy Solutions Group, Inc. ("Helix") (NYSE: HLX) reported a net loss¹ of $42.0 million, or $(0.28) per diluted share, for the first quarter 2022 compared to $25.9 million, or $(0.17) per diluted share, for the fourth quarter 2021 and $2.9 million, or $(0.02) per diluted share, for the first quarter 2021.

Helix reported adjusted EBITDA² of $2.5 million for the first quarter 2022 compared to $8.8 million for the fourth quarter 2021 and $36.2 million for the first quarter 2021. The table below summarizes our results of operations:

Owen Kratz, President and Chief Executive Officer of Helix, stated, “As previously disclosed, 2022 will be a transition year for Helix and has started out as we expected, with several vessels undergoing regulatory inspections, a slow return for the North Sea market and several vessels performing short-term work at reduced rates. However, we feel the long-term fundamentals remain strong for Helix, and our improved outlook for the second half of 2022 and into 2023 is beginning to take shape. We have contracted several long-term awards, including at least two years with Trident in Brazil, a multi-year award with Shell in the U.S. as well as other projects scheduled for 2023. We are managing the improving market with extensions of our charters on the Siem Helix vessels, and we added two robotics support vessels under term charters to secure the resources required for our North Sea trenching and U.S. robotics operations.”

Segment Results

Well Intervention

Well Intervention revenues decreased $12.8 million, or 11%, in the first quarter 2022 compared to the prior quarter. The decrease was primarily due to lower revenues in Brazil and West Africa. Revenues in Brazil declined due to lower utilization and rates on the Siem Helix 2, which had 23 days off contract during its five-year regulatory inspections and operated at lower rates under its extended contract during the first quarter 2022. Revenues in West Africa declined due to lower rates compared to the prior quarter. Overall Well Intervention vessel utilization increased to 67% during the first quarter 2022 compared to 56% in the prior quarter, primarily due to the deployment of the Siem Helix 1 on a low revenue accommodations project throughout the first quarter 2022 after having been idle during the prior quarter. Well Intervention net loss from operations increased $10.7 million during the first quarter 2022 compared to the prior quarter primarily due to lower revenues.

Well Intervention revenues decreased $27.4 million, or 20%, in the first quarter 2022 compared to the first quarter 2021. The decrease was primarily due to lower rates and utilization in Brazil, offset in part by higher utilization in West Africa during the first quarter 2022. Our Brazil operations during the first quarter 2021 were on legacy contract rates with Petrobras with full utilization, whereas during the first quarter 2022 the Siem Helix 2 operated at lower rates under its extended contract with Petrobras and incurred 23 days off contract during its five-year regulatory inspection, and the Siem Helix 1 was operating on an accommodations project throughout the first quarter 2022 at lower rates. The Q7000 was fully utilized during the first quarter 2022 compared to only 67% utilized during the first quarter 2021. Gulf of Mexico revenues were nominally changed from the prior year, with higher-margin work on the Q5000’s legacy BP contract during the first quarter 2021 replaced by higher cost integrated projects during the first quarter 2022. Overall Well Intervention vessel utilization decreased to 67% during the first quarter 2022 compared to 70% during the first quarter 2021. Well Intervention incurred a net loss from operations of $31.8 million in the first quarter 2022 compared to operating income of $5.2 million in the first quarter 2021 due to lower revenues as well as lower margins in the Gulf of Mexico due to higher integrated project costs during the first quarter 2022.

Robotics

Robotics revenues decreased $3.5 million, or 9%, in the first quarter 2022 compared to the prior quarter. The decrease in revenues was due to seasonally lower vessel, ROV and trencher activities during the first quarter 2022. Chartered vessel days decreased to 323 days during the first quarter 2022 compared to 419 total vessel days during the prior quarter, and vessel utilization decreased to 90% in the first quarter 2022 compared to 99% during the prior quarter. Vessel days during the first quarter 2022 included 136 spot vessel days performing seabed clearance work in the North Sea, compared to 237 spot vessel days, including 197 spot vessel days performing seabed clearance work in the North Sea and 40 spot vessel days completing the ROV support work for a telecom project offshore Guyana, during the prior quarter. ROV and trencher utilization decreased to 35% in the first quarter 2022 from 38% in the prior quarter, and trenching days decreased to 66 days during the first quarter 2022 compared to 90 days during the prior quarter. Robotics operating income decreased $2.0 million during the first quarter 2022 compared to the prior quarter due to lower revenues.

Robotics revenues increased $15.2 million, or 69%, during the first quarter 2022 compared to the first quarter 2021. The increase in revenues was due primarily to higher vessel and ROV activities year over year. Chartered vessel days increased to 323 total vessel days during the first quarter 2022 compared to 165 total vessel days during the first quarter 2021, although vessel utilization was flat at 90% in both the first quarters 2022 and 2021. Vessel days during the first quarter 2022 included 136 spot vessel days performing seabed clearance work in the North Sea, compared to three spot vessel days during the first quarter 2021. ROV and trencher utilization increased to 35% in the first quarter 2022 from 24% in the first quarter 2021, although trenching days decreased to 66 days during the first quarter 2022 compared to 72 days during the first quarter 2021. Robotics generated operating income of $1.5 million during the first quarter 2022 compared to operating losses of $2.9 million during the first quarter 2021, an improvement of $4.4 million, due to higher revenues year over year.

Production Facilities

Production Facilities revenues decreased $1.8 million, or 9%, in the first quarter 2022 compared to the prior quarter primarily due to a decline in oil and gas production volumes. Production Facilities revenues increased $1.8 million, or 11%, compared to the first quarter 2021 primarily due to higher oil and gas prices.

Selling, General and Administrative and Other

Selling, General and Administrative

Selling, general and administrative expenses were $14.4 million, or 9.6% of revenue, in the first quarter 2022 compared to $21.5 million, or 12.7% of revenue, in the prior quarter. The decrease was primarily due to lower employee incentive compensation costs.

Other Income and Expenses

Other expense, net was $3.9 million in the first quarter 2022 compared to $0.1 million in the fourth quarter 2021. Other expense, net in the first quarter 2022 included unrealized foreign currency losses related to the British pound, which weakened approximately 3% during the first quarter 2022.

Cash Flows

Operating cash flows were $(17.4) million during the first quarter 2022 compared to $18.9 million during the prior quarter and $39.9 million during the first quarter 2021. The decrease in operating cash flows quarter over quarter and year over year was primarily due to lower earnings, higher regulatory recertification costs for our vessels and systems and negative changes in net working capital during the first quarter 2022. Regulatory recertification costs for our vessels and systems, which are included in operating cash flows, were $10.3 million during the first quarter 2022 compared to $2.5 million during the prior quarter and $1.8 million during the first quarter 2021.

Capital expenditures totaled $0.6 million during the first quarter 2022 compared to $0.9 million during the prior quarter and $1.3 million during the first quarter 2021.

Free Cash Flow was $(18.0) million in the first quarter 2022 compared to $17.9 million during the prior quarter and $38.5 million during the first quarter 2021. The decrease in Free Cash Flow quarter over quarter and year over year was due primarily to lower operating cash flows. (Free Cash Flow is a non-GAAP measure. See reconciliation below.)

Financial Condition and Liquidity

Cash and cash equivalents were $229.7 million at March 31, 2022, and excluded $72.9 million of restricted cash, which primarily relates to cash pledged as collateral on a short-term project-related letter of credit. Available capacity under our ABL facility was $41.2 million at March 31, 2022. At March 31, 2022 we had $301.6 million of long-term debt and negative net debt of $1.1 million.

Conference Call Information

Further details are provided in the presentation for Helix’s quarterly teleconference to review its first quarter 2022 results (see the "For the Investor" page of Helix's website, www.helixesg.com). The teleconference, scheduled for Tuesday, April 26, 2022, at 9:00 a.m. Central Time, will be audio webcast live from the "For the Investor" page of Helix’s website. Investors and other interested parties wishing to participate in the teleconference may join by dialing 877-243-4912 for participants in the United States and 212-231-2938 for international participants. The passcode is "Staffeldt." A replay of the webcast will be available on the "For the Investor" page of Helix's website by selecting the "Audio Archives" link beginning approximately two hours after the completion of the event.

About Helix

Helix Energy Solutions Group, Inc., headquartered in Houston, Texas, is an international offshore energy services company that provides specialty services to the offshore energy industry, with a focus on well intervention and robotics operations. For more information about Helix, please visit our website at www.helixesg.com.

Non-GAAP Financial Measures

Management evaluates performance and financial condition using certain non-GAAP measures, primarily EBITDA, Adjusted EBITDA, net debt, net debt to book capitalization and Free Cash Flow. We define EBITDA as earnings before income taxes, net interest expense, gain or loss on extinguishment of long-term debt, net other income or expense, and depreciation and amortization expense. Non-cash impairment losses on goodwill and other long-lived assets and gains and losses on equity investments are also added back if applicable. To arrive at our measure of Adjusted EBITDA, we exclude the gain or loss on disposition of assets and the general provision (release) for current expected credit losses, if any. In addition, we include realized losses from foreign currency exchange contracts not designated as hedging instruments, which are excluded from EBITDA as a component of net other income or expense. Net debt is calculated as long-term debt including current maturities of long-term debt less cash and cash equivalents and restricted cash. Net debt to book capitalization is calculated by dividing net debt by the sum of net debt and shareholders’ equity. We define Free Cash Flow as cash flows from operating activities less capital expenditures, net of proceeds from sale of assets.

We use EBITDA, Adjusted EBITDA and Free Cash Flow to monitor and facilitate internal evaluation of the performance of our business operations, to facilitate external comparison of our business results to those of others in our industry, to analyze and evaluate financial and strategic planning decisions regarding future investments and acquisitions, to plan and evaluate operating budgets, and in certain cases, to report our results to the holders of our debt as required by our debt covenants. We believe that our measures of EBITDA, Adjusted EBITDA and Free Cash Flow provide useful information to the public regarding our operating performance and ability to service debt and fund capital expenditures and may help our investors understand and compare our results to other companies that have different financing, capital and tax structures. Other companies may calculate their measures of EBITDA, Adjusted EBITDA and Free Cash Flow differently from the way we do, which may limit their usefulness as comparative measures. EBITDA, Adjusted EBITDA and Free Cash Flow should not be considered in isolation or as a substitute for, but instead are supplemental to, income from operations, net income, cash flows from operating activities, or other income or cash flow data prepared in accordance with GAAP. Users of this financial information should consider the types of events and transactions that are excluded from these measures. See reconciliation of the non-GAAP financial information presented in this press release to the most directly comparable financial information presented in accordance with GAAP.

Forward-Looking Statements

This press release contains forward-looking statements that involve risks, uncertainties and assumptions that could cause our results to differ materially from those expressed or implied by such forward-looking statements. All statements, other than statements of historical fact, are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, any statements regarding the COVID-19 pandemic and oil price volatility and their respective effects and results, our protocols and plans, our current work continuing, the spot market, our spending and cost reduction plans and our ability to manage changes; our strategy; any statements regarding visibility and future utilization; any projections of financial items; any statements regarding future operations expenditures; any statements regarding our plans, strategies and objectives for future operations; any statements regarding our ability to enter into, renew and/or perform commercial contracts; any statements concerning developments; any statements regarding our environmental, social and governance (“ESG”) initiatives; any statements regarding future economic conditions or performance; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Forward-looking statements are subject to a number of known and unknown risks, uncertainties and other factors that could cause results to differ materially from those in the forward-looking statements, including but not limited to the results and effects of the COVID-19 pandemic and actions by governments, customers, suppliers and partners with respect thereto; market conditions; results from acquired properties; demand for our services; the performance of contracts by suppliers, customers and partners; actions by governmental and regulatory authorities; operating hazards and delays, which include delays in delivery, chartering or customer acceptance of assets or terms of their acceptance; our ability to secure and realize backlog; the effectiveness of our ESG initiatives and disclosures; human capital management issues; complexities of global political and economic developments; geologic risks; volatility of oil and gas prices and other risks described from time to time in our reports filed with the Securities and Exchange Commission ("SEC"), including our most recently filed Annual Report on Form 10-K and in our other filings with the SEC, which are available free of charge on the SEC's website at www.sec.gov. We assume no obligation and do not intend to update these forward-looking statements, which speak only as of their respective dates, except as required by law.

Social Media

From time to time we provide information about Helix on social media, including: Twitter (@Helix_ESG),LinkedIn (www.linkedin.com/company/helix-energy-solutions-group), Facebook (www.facebook.com/HelixEnergySolutionsGroup), Instagram (www.instagram.com/helixenergysolutions) and YouTube (www.youtube.com/user/HelixEnergySolutions).

Erik Staffeldt, Executive Vice President and CFO
email:  This email address is being protected from spambots. You need JavaScript enabled to view it.
Ph: 281-618-0465

TORONTO--(BUSINESS WIRE)--Kontrol Technologies Corp. (NEO:KNR) (OTCQB:KNRLF) (FSE:1K8) (“Kontrol” or the “Company”), a leader in smart building technology, is launching the development of Kontrol BioWater, an extension of the Company’s current Kontrol BioCloud technology, for early viral detection in water systems.

“We look forward to advancing the Kontrol BioWater technology. Kontrol has been an early adopter and innovator in the area of early viral detection monitoring, and we continue to invest in our technology solutions and platform,” says Paul Ghezzi, CEO of Kontrol.

Early Viral Detection in Wastewater

Management believes that there is growing strategic interest and focus on early viral detection in wastewater systems. According to the following statement from the United States Centers for Disease Control (“CDC”) and Prevention, wastewater surveillance can provide an early warning of COVID-19’s spread in communities. Learn more at www.cdc.gov/healthywater/surveillance

As per the CDC, “The virus can then be detected in wastewater, enabling wastewater surveillance to capture presence of SARS-CoV-2 shed by people with and without symptoms. This allows wastewater surveillance to serve as an early warning that COVID-19 is spreading in a community. Once health departments are aware, communities can act quickly to prevent the spread of COVID-19. Data from wastewater testing support public health mitigation strategies by providing additional crucial information about the prevalence of COVID-19 in a community.”

What makes Kontrol BioWater Unique

The Kontrol BioWater technology will be designed with the goal of being the first real-time, in the cloud, detection technology for virus in wastewater. The current process for the collection of wastewater sampling involves on-site technicians, transporting samples to a laboratory and then undertaking a separate analysis of the wastewater. This process is time consuming and can take a number of days to complete. The intention of the Kontrol BioWater is to advance sampling automation for faster, on-site detection which can potentially accelerate a response plan.

“In our view, early viral detection is in its infancy, and we look forward to continuing to build our technology solutions to provide greater visibility, analytics and support for strategic initiatives undertaken by communities and governments,” says Gary Saunders, President of Kontrol BioCloud.

Kontrol BioWater Innovation

The Company has launched the development of the Kontrol BioWater and has budgeted $300,000 in research and development for the initial phase of development which includes modifying the current Kontrol BioCloud technology. The Kontrol BioWater viral detection system will utilize the core scientific technique of the BioCloud technology and will include a new proprietary sample extraction process for wastewater.

Similar to the approach taken with the Kontrol BioCloud, the Company will seek government funding to support its research and development. The Company has demonstrated a successful track record in accessing Federal and Provincial funding for its Kontrol BioCloud technology. However, there is no assurance that the Company will receive any further government funding.

The Company is not making any express or implied claims that its product has the ability to eliminate, cure or contain the COVID-19 (or SARS-2 Coronavirus).

About Kontrol BioCloud^TM

Kontrol BioCloud (“BioCloud”) is an operating subsidiary of Canadian public company Kontrol Technologies Corp. The BioCloud technology is a real-time analyzer designed to detect airborne viruses and pathogens. BioCloud is an air quality technology and not a medical device. BioCloud has been designed to operate as a safe space technology by sampling the air quality continuously. With a proprietary detection chamber that can be replaced as needed, viruses are detected, and a silent notification system is created. BioCloud can be applied to any space where individuals gather. Additional information about Kontrol BioCloud can be found on its website at www.kontrolbiocloud.com.

Kontrol BioWater is a technology extension of the Kontrol BioCloud and will be developed to operate as a branded solution for water monitoring applications.

Kontrol Technologies Corp.

Kontrol Technologies Corp., a Canadian public company, is a leader in smart buildings and cities through IoT, Cloud and SaaS technology. Kontrol provides solutions and services to its customers to improve energy management, monitor continuous emissions and accelerate the sustainability of all buildings.

Additional information about Kontrol Technologies Corp. can be found on its website at www.kontrolcorp.com and by reviewing its profile on SEDAR at www.sedar.com

Neither IIROC nor any stock exchange or other securities regulatory authority accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions, and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy. Forward-looking information contained in this press releases includes, but is not limited to, the following: future testing to be conducted by Kontrol of its products; the future success of any of Kontrol’s products; and customer demand relating to air quality and water testing products.

Where Kontrol expresses or implies an expectation or belief as to future events or results, such expectation or belief is based on assumptions made in good faith and believed to have a reasonable basis. Such assumptions include, without limitation, that sufficient capital will be available to the Company; that future testing can be conducted as planned; that technology will be as effective as anticipated; that existing relationships and contracts entered into by the Company will continue on the same or similar terms, or at all; and that demand will continue for air quality or water monitoring products and for the Company’s products in particular.

However, forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from future results expressed, projected, or implied by such forward-looking statements. Such risks include, but are not limited to, that sufficient capital and financing cannot be obtained on reasonable terms, or at all; that the Company’s technologies will not prove as effective as expected; that customers and potential customers will not be as accepting of the Company's product and service offering as expected and/or that demand for such products and services will not continue; that the Company’s test results will not be replicated in the future or that future testing will not be conducted; that the Company will not maintain its existing relationships or contracts on the same terms or at all; and government and regulatory factors impacting the energy conservation industry. Kontrol BioCloud is an air quality technology and not a medical device. The Company is not making any express or implied claims that its product has the ability to eliminate, cure or contain the COVID-19 (or SARS-2 Coronavirus).

Accordingly, undue reliance should not be placed on forward-looking statements and the forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained herein are made as at the date hereof and are based on the beliefs, estimates, expectations, and opinions of management on such date. Kontrol does not undertake any obligation to update publicly or revise any such forward-looking statements or any forward-looking statements contained in any other documents whether as a result of new information, future events or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required under applicable securities law. Readers are cautioned to consider these and other factors, uncertainties, and potential events carefully and not to put undue reliance on forward-looking information.

Kontrol Technologies Corp.
Paul Ghezzi
CEO
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180 Jardin Drive, Unit 9, Vaughan, ON L4K 1X8
Tel: (905) 766.0400

Investor Relations:
Brooks Hamilton
MZ Group – MZ North America
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Tel: +1 (949) 546.6326

DALLAS--(BUSINESS WIRE)--Leeward Renewable Energy Operations, LLC (“LREO”) today announced that it has posted to its secure investor relations site key operating and financial results for the fourth-quarter 2021, and that it will hold an investor conference call on May 2, 2022, at 10:00 a.m. CST. Investors who hold LREO’s 4.250% Senior Notes due in 2029, prospective investors, broker-dealers, and securities analysts are welcome to access the investor call, and can join the live webcast here. For voice-only access, dial:

A recording and transcript of the investor call will be posted to LREO’s secure investor site within 24 hours of the call. Please join the event five minutes prior to scheduled start time.

For information on how to access the site, visit https://www.leewardenergy.com/request-access/ or contact Investor Relations at This email address is being protected from spambots. You need JavaScript enabled to view it..

About Leeward Renewable Energy Operations, LLC

Leeward Renewable Energy Operations, LLC is a leading renewable energy company that owns and operates a portfolio of 22 renewable energy facilities across nine states totaling approximately 2,000 megawatts of generating capacity. LREO is actively developing and contracting new wind, solar, and energy storage projects in energy markets across the U.S., with 1.9 gigawatts contracted and 20 gigawatts under development and construction spanning over 100 projects. LREO is a portfolio company of OMERS Infrastructure, an investment arm of OMERS, one of Canada’s largest defined benefit pension plans with C$121 billion in net assets (as at December 31, 2021). For more information, visit www.leewardenergy.com.

Kelly Kimberly
Sard Verbinnen & Co.
713.822.7538
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Financing from LG Technology Ventures, Shell Ventures, TNSC, Anzu Partners, and Foothill Ventures will help increase market adoption of the company’s proven Liquefied Gas Electrolyte technology

SAN DIEGO--(BUSINESS WIRE)--South 8 Technologies, a pioneer in electrolyte formulations for next-generation lithium batteries, today announced it has raised $12M in Series A financing, led by Anzu Partners with participation from LG Technology Ventures, Shell Ventures, Foothill Ventures, and Taiyo Nippon Sanso Corporation (TNSC). South 8 will leverage the funding to accelerate the commercialization of its patented Liquefied Gas Electrolyte (LiGas^®) technology for high-performance batteries for electric vehicle, grid storage, aerospace, and defense applications.

South 8’s LiGas electrolyte technology offers a unique approach to next-generation lithium batteries and addresses the shortcomings of existing liquid electrolytes and solid-state batteries that are still under development. Unlike common battery electrolytes that are liquid at room temperature, or solid-state electrolytes, South 8’s non-toxic LiGas technology uses solvents that are normally gaseous at standard pressure and room temperature but may be liquefied under pressure and used as an electrolyte within the cell.

Key Features of LiGas Electrolytes

• Increased Safety: While conventional liquid electrolytes are a catalyst for thermal runway, the LiGas electrolyte can safely and rapidly vent from a cell after physical or electrical abuse, allowing the cell to fail safely without the risk of thermal runaway or thermal propagation.
• High Energy: The intrinsically high chemical stability and high conductivity of the LiGas electrolyte allow the use of the highest energy materials available, packing more energy into a cell.
• Wide Operating Temperature: The low freezing points of the LiGas electrolyte enable lithium batteries to perform in the most extreme climates at temperatures as low -60 °C and up to +60°C.
• Material Compatibility: All conventional cathode, anode, and separator materials are compatible with the LiGas electrolyte, allowing for simple integration into today’s Gigafactories.
• Reduced Cost: LiGas electrolytes utilize established manufacturing techniques while considerably increasing factory utilization, enabling lower $/kWh for electric vehicle and energy storage system applications.
• Recyclability: The LiGas electrolyte can enable widespread adoption of battery recycling by removing the high-cost barrier of battery transportation to recycling centers at the end of life.

With these benefits, South 8’s LiGas electrolytes can address an entirely new class of batteries for emerging market applications such as electric vehicles, all-weather grid storage, defense, renewable energy, aerospace, and more.

“With the battery and auto industries placing big bets on a relatively narrow set of potential breakthrough innovations, we are offering a truly unique and much more practical alternative technology to stakeholders and customers who need a safer and higher performing lithium battery solution than is currently available,” said Cyrus Rustomji, Ph.D., CEO of South 8 Technologies. “This new financing from such a strong group of investors will allow us to further our product development and foster new industry partnerships to bring this technology to the world.”

"South 8's technology can power new market applications by solving traditional challenges around safety, manufacturability and more that has limited battery technologies for decades,” said Robert McIntyre, Managing Director at LG Technology Ventures. “By removing the threat of thermal runaway reactions or thermal propagation, South 8’s technology significantly increases Li-ion safety and offers high compatibility with today's most common electrode materials and manufacturing techniques. These new capabilities provide access to an increased number of applications across relevant industries previously hindered by Li-ion performance and safety."

“As we continue to see growth in electrification of transportation and renewables uptake, there is a critical focus on safety and performance in advanced battery technologies,” said Jimmy Kan, Ph.D., Principal, Anzu Partners. “With LiGas, South 8 has demonstrated a technology that finally breaks the tradeoffs that the industry has had to make for years, enabling lithium-ion battery producers and automotive companies to access higher performing, inherently safe batteries without compromising on electrode materials selection or manufacturability.”

For more information about South 8 Technologies, please visit https://south8technologies.com/.

About South 8 Technologies
South 8 Technologies began operations in 2016 as a spin out of UC San Diego where the founding team developed its breakthrough new Liquefied Gas Electrolyte (LiGas^®) chemistry for next-generation lithium batteries. Its patented technology enables a substantial increase in energy, improved safety, and an exceptionally wide operating temperature. Leveraging conventional materials and manufacturing, South 8 Technologies offers a unique solution for a variety of e-mobility, energy storage, and industrial applications.

Media:
Kalyn Kolek for South 8 Technologies
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HALIFAX, Nova Scotia--(BUSINESS WIRE)--Maritime Launch Services Inc. (NEO:MAXQ) (“Maritime Launch” or the “Company”) is pleased to announce that it has retained Hybrid Financial Ltd. (“Hybrid”) to provide marketing services to the Company. Hybrid has been engaged to heighten market and brand awareness, and to broaden Maritime Launch's reach within the investment community.

Hybrid has agreed to comply with all applicable securities laws and the policies of the NEO Exchange (the “NEO”) in providing the Services.

Hybrid has been engaged by Maritime Launch for an initial period of 12 months (the “Initial Term”) and then shall be renewed automatically for 6 months successive thereafter, unless terminated by the Company in accordance with the Agreement. Hybrid will be paid a monthly fee of $22,500, plus applicable taxes, during the initial term.

About Maritime Launch Services Inc.:

Maritime Launch is a Canadian-owned commercial space company based in Nova Scotia. Maritime Launch is developing Spaceport Nova Scotia, a launch site that will provide satellite delivery services to clients in support of the growing commercial space transportation industry over a wide range of inclinations. The development of this facility will allow prospective launch vehicles to place their satellites into low-earth orbit. This will be the first commercial orbital launch complex in Canada.

About Hybrid Financial Ltd.:

Hybrid is a sales and distribution company that actively connects issuers to the investment community across North America. Using a data driven approach, Hybrid provides its clients with comprehensive coverage of both American and Canadian markets. Hybrid Financial has offices in Toronto and Montreal.

Additional Information

The NEO Exchange has not reviewed or approved this press release for the adequacy or accuracy of its contents.

Maritime Launch Services
Sarah McLean, Vice President, Communications and Corporate Affairs
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www.maritimelaunch.com
902.402.6947