EDEN PRAIRIE, Minn.--(BUSINESS WIRE)--$CHRW #CHRobinson--C.H. Robinson Worldwide, Inc. (“C.H. Robinson”) (Nasdaq: CHRW), one of the world’s largest logistics platforms, announced today that it will issue its third quarter 2022 results before the market opens on Wednesday, November 2, 2022. The company will hold a conference call from 8:30 am - 9:30 am Eastern Time on the same day to discuss the quarterly results and answer live questions from the investment community.
The call was originally scheduled for 5:00 pm Eastern Time, but was rescheduled to eliminate an overlap with a peer company’s earnings conference call.
Hosting the conference call will be Bob Biesterfeld, President and Chief Executive Officer; Arun Rajan, Chief Product Officer; Mike Zechmeister, Chief Financial Officer; and Chuck Ives, Director of Investor Relations.
Presentation slides and a simultaneous audio webcast of the conference call may be accessed at http://investor.chrobinson.com.
To participate in the conference call by telephone, please call ten minutes early by dialing 877-269-7756. International callers should dial +1-201-689-7817. An audio replay will be available at http://investor.chrobinson.com.
About C.H. Robinson
C.H. Robinson solves logistics problems for companies across the globe and across industries, from the simple to the most complex. With $28 billion in freight under management and 20 million shipments annually, we are one of the world’s largest logistics platforms. Our global suite of services accelerates trade to seamlessly deliver the products and goods that drive the world’s economy. With the combination of our multi-modal transportation management system and expertise, we use our information advantage to deliver smarter solutions for our 100,000 customers and 85,000 contract carriers. Our technology is built by and for supply chain experts to bring faster, more meaningful improvements to our customers’ businesses. As a responsible global citizen, we are also proud to contribute millions of dollars to support causes that matter to our company, our Foundation and our employees. For more information, visit us at www.chrobinson.com (Nasdaq: CHRW).
CHRW-IR
Chuck Ives, Director of Investor Relations
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
HOUSTON & CALGARY, Alberta--(BUSINESS WIRE)--Civeo Corporation (NYSE:CVEO) announced today that it has scheduled its third quarter 2022 earnings conference call for Friday, October 28, at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). During the call, Civeo will discuss financial and operating results for the third quarter 2022, which will be released before the market opens on Friday, October 28, 2022.
By Phone:
Dial 877-423-9813 inside the U.S. or 201-689-8573 internationally and ask for the Civeo call or provide the conference ID: 13733925# at least 10 minutes prior to the start time.
A replay will be available through November 4th by dialing 844-512-2921 inside the U.S. or 412-317-6671 internationally and using the conference ID 13733925#.
By Webcast:
Connect to the webcast via the Events and Presentations page of Civeo's Investor Relations website at www.civeo.com.
Please log in at least 10 minutes in advance to register and download any necessary software.
A webcast replay will be available after the call.
ABOUT CIVEO
Civeo Corporation is a leading provider of hospitality services with prominent market positions in the Canadian oil sands and the Australian natural resource regions. Civeo offers comprehensive solutions for lodging hundreds or thousands of workers with its long-term and temporary accommodations and provides food services, housekeeping, facility management, laundry, water and wastewater treatment, power generation, communications systems, security and logistics services. Civeo currently owns and operates a total of 27 lodges and villages in Canada, Australia and the U.S., with an aggregate of over 28,000 rooms. Civeo is publicly traded under the symbol CVEO on the New York Stock Exchange. For more information, please visit Civeo's website at www.civeo.com.
Regan Nielsen
Civeo Corporation
Senior Director, Corporate Development & Investor Relations
713-510-2400
DENVER--(BUSINESS WIRE)--Liberty Energy Inc. (NYSE: LBRT; “Liberty” or the “Company”) announced today that its Board of Directors (the “Board”) has authorized the reinstatement of a quarterly cash dividend. The Board has declared a dividend of $0.05 per share of Class A common stock, to be paid on December 20, 2022 to holders of record as of December 6, 2022. A distribution of $0.05 per unit has been approved for holders of units in Liberty Oilfield Services New HoldCo LLC, which will use the same record and payment date.
Liberty previously announced that its Board authorized on July 25, 2022, a share repurchase program that allows the company to repurchase up to $250 million of outstanding common stock through July 31, 2024. The program commenced during the third quarter and the Company has repurchased and retired 4,702,166 shares of Class A common stock, representing 2.5% of outstanding shares, for approximately $70 million at an average per share price of $14.89 through September 30, 2022.
“Liberty has achieved significant milestones since the Covid-driven downturn that enable capital investments focused on generating high rates of return, while also supporting the return of capital to shareholders,” commented Chris Wright, Chief Executive Officer. “Today’s announcement reflects confidence in our ability to deliver a peer-leading return of capital strategy that combines a quarterly cash dividend with opportunistic share repurchases to drive significant value for shareholders.”
Liberty suspended its quarterly cash dividend in April of 2020 in response to uncertainty driven by the pandemic.
Future declarations of quarterly cash dividends are subject to approval by the Board of Directors and to the Board’s continuing determination that the declarations of dividends are in the best interests of Liberty and its stockholders. Future dividends may be adjusted at the Board’s discretion based on market conditions and capital availability.
About Liberty
Liberty is a leading North American energy services firm that offers one of the most innovative suites of completion services and technologies to onshore oil and natural gas exploration and production companies. Liberty was founded in 2011 with a relentless focus on developing and delivering next generation technology for the sustainable development of unconventional energy resources in partnership with our customers. Liberty is headquartered in Denver, Colorado. For more information about Liberty, please contact Investor Relations at This email address is being protected from spambots. You need JavaScript enabled to view it..
Forward-Looking and Cautionary Statements
The information above includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts included herein are forward-looking statements. These forward-looking statements are identified by their use of terms and phrases such as “may,” “expect,” “estimate,” “outlook,” “project,” “plan,” “position,” “believe,” “intend,” “achievable,” “anticipate,” “will,” “continue,” “potential,” “likely,” “should,” “could,” and similar terms and phrases. However, the absence of these words does not mean that the statements are not forward-looking. These forward-looking statements are subject to certain risks, uncertainties and assumptions identified above or as disclosed from time to time in Liberty's filings with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, we do not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. As a result of these factors, actual results may differ materially from those indicated or implied by such forward-looking statements.
Michael Stock
Chief Financial Officer
303-515-2851
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SINGAPORE--(BUSINESS WIRE)--CHINT, a smart energy solution provider from China, unveiled a new innovation lab in September, 2022, aiming to better support APAC regional industry partners.
The opening ceremony of the Innovation Lab was attended by Ms. Low Yen Ling, the Singaporean Minister of State, Ministry of Culture, Community and Youth & Ministry of Trade and Industry, and Ms. Sun Haiyan, Ambassador Extraordinary, and Plenipotentiary of the People's Republic of China to the Republic of Singapore.
The Lab covers more than 400 square meters in CHINT’s APAC regional headquarters in Aperia Tower 1 in Kallang, and showcases solutions in fields ranging from new energy and power distribution to data centers and industry.
Johnson Luu, Marketing Director APAC at CHINT Global, noted the Lab will “provide solutions to meet the growing demands for renewable energy and sustainable development as well as digital transformation, which are all key topics for today and the future.”
With the global headquarters in Shanghai, CHINT Global operates in more than 140 countries and regions around the world. Having been an active player in the Singaporean market for one decade, CHINT Global is a qualified power distribution cabinet (circuit breaker) supplier recognized by the Singapore Housing & Development Board (HDB).
In Asia Pacific, CHINT has been operating for more than 20 years, covering nearly 30 countries, and currently has more than 100 employees, among which foreign employees account for more than 75%.
CHINT Global also acquired Sunlight Electrical, a long-established local manufacturer of electrical distribution products, which has factories in Singapore, Malaysia and Vietnam.
Last year, CHINT relocated its APAC regional headquarters from Hong Kong to Singapore.
In the interview with LIANHE ZAOBAO, Lily Zhang, CEO of CHINT Electrics, described the establishment of the APAC regional headquarters in Singapore as a natural move, for as early as in 2020 when CHINT laid down its five-year plan, Singapore was already the planned APAC regional headquarters.
CHINT’s Global Footprint
Asia-Pacific: third-largest market
Ms. Lily Zhang, CEO of CHINT Electrics, revealed Asia-Pacific ranks as CHINT’s third-largest market globally, after Europe and the Middle East, leaving plenty of room for business growth that the local team will endeavor to unlock.
CHINT selected Singapore as the location of its APAC regional headquarters due to its “especially attractive” transparency and high efficiency, as well as the country’s diversity, inclusiveness and openness that create an ideal environment for business, according to Zhang.
Although a small city-state, Singapore serves as a gateway to the “infinity of a larger market”, said Zhang. “We see Singapore as the window to the whole Southeast Asia region, and the center of ASEAN. It can have such a strong influence.”
CHINT is looking to recruit engineering talents with leadership and teamwork qualities to fill managing director and director roles in Singapore, according to Zhang, who did not disclose how many staff will be hired.
Zhang said the Singapore Green Plan 2030 launched last year by the government as the blueprint for sustainable development brings opportunities to CHINT, as the company’s strategies for decarbonization, digitization and distributed energy align with government policies.
For example, CHINT’s smart manufacturing line for mini-breakers, capable of producing 3 million units every day for the global market, is in tandem with Singapore’s goal of promoting smart manufacturing. CHINT also participated in the SolarNova program led by the HDB and the Economic Development Board (EDB) that enables HDB flats to adopt solar photovoltaic systems.
Zhang revealed CHINT is in the final stages of acquiring a distribution channel-related company in Malaysia. In addition to acquisitions, CHINT is also considering joint ventures and innovative company incubations.
Source: Lianhe Zaobao © SPH Media Limited. Permission required for reproduction.
Cora Geng
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Company has begun trading under the symbol WTRV as of October 18, 2022
FAYETTEVILLE, Ark.--(BUSINESS WIRE)--White River Energy Corp (“White River”) (OTC: WTRV), formerly (OTC: FRTM), today announced that the Financial Industry Regulatory Authority (“FINRA”) has approved the company’s requested change in its ticker symbol from FRTM to WTRV. White River commenced trading under this new ticker symbol on October 18, 2022.
About White River Energy Corp
White River is a vertically integrated energy company with oil and gas exploration, production, and drilling operations on over 30,000 cumulative acres of active mineral leases in Louisiana and Mississippi.
White River Energy Investor:
This email address is being protected from spambots. You need JavaScript enabled to view it. or 1-800-203-5610
DALLAS--(BUSINESS WIRE)--Kosmos Energy (NYSE/LSE: KOS) announced today the following schedule for its third quarter 2022 results:
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
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
+44 (0) 203 954 2831
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Media Relations
Thomas Golembeski
+1-214-445-9674
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America’s Largest Shipbuilder and Global Defense Technology Provider – HII – Joins Growing Roster of Defense Tech Firms Operating in National Landing
BETHESDA, Md.--(BUSINESS WIRE)--JBG SMITH (NYSE: JBGS), a leading owner and developer of high-quality, mixed-use properties in the Washington, DC market, announced today that it has completed a new, 36,809-square-foot lease with HII (NYSE: HII) at 2451 Crystal Drive in National Landing.
For Virginia-based HII, one of the state’s largest employers, the move maintains proximity to the company’s largest customer, the U.S. Navy. It also improves access to HII’s expanded customer set across the U.S. Department of Defense, and enhances the company’s overall national capital region presence. HII’s shipbuilding divisions are responsible for the majority of the U.S. Navy fleet; HII also builds and delivers all-domain defense technology solutions in growth markets such as unmanned systems and autonomy, big data, AI/ML, cyber, and LVC solutions.
As part of its 11.5-year lease, HII will now occupy space minutes from the Pentagon and Reagan National Airport. HII will move into the space in late summer 2023, and will have signage rights to the 11-story office tower. The company remains headquartered in Newport News, Virginia, and will maintain company office space next to the Navy Yard.
Since April 2020, JBG SMITH has secured over 1.4 million square feet of new leases and extensions with federal agencies and government contractors in National Landing. HII joins the growing roster of defense-adjacent companies with major presences in the region, including Boeing and Raytheon, both of which are establishing their global headquarters in the National Landing area.
“We’re pleased to welcome HII to National Landing,” said David Ritchey, Executive Vice President, Commercial Leasing and Asset Management of JBG SMITH. “They join an impressive array of leading innovators in the defense industry that have been drawn to National Landing’s proximity to the Pentagon and the Department of Defense, as well as the full suite of digital amenities we are introducing throughout the community.”
JBG SMITH is developing a first-of-its-kind converged digital infrastructure platform in National Landing that includes a dense neighborhood fiber network, edge data centers, ubiquitous indoor and outdoor public 5G via a partnership with AT&T and highly valuable private 5G networks deployed by Federated Wireless. To accelerate the development of National Landing into a world-class innovation district, in 2020, JBG SMITH acquired licensed CBRS Spectrum from the FCC that covers all of Arlington County and the City of Alexandria.
2451 Crystal Drive sits within a five-building office campus that offers direct access to multiple Metro stations, Richmond Highway, GW Parkway, the Virginia Railway Express (VRE) and the forthcoming CC2DCA pedestrian bridge to Reagan National Airport. The building features a repositioned lobby and renovated fitness center.
HII was represented by Adam Schindler and Perry Frazer of Colliers International. JBG SMITH was represented in-house by Andrea Murray, Senior Vice President, and Connor Stewart, Associate.
About JBG SMITH
JBG SMITH owns, operates, invests in and develops a dynamic portfolio of mixed-use properties in the high growth and high barrier-to-entry submarkets in and around Washington, DC. Through an intense focus on placemaking, JBG SMITH cultivates vibrant, amenity-rich, walkable neighborhoods throughout the Washington, DC metropolitan area. Over half of JBG SMITH’s holdings are in the National Landing submarket in Northern Virginia, where it serves as the developer for Amazon’s new headquarters, and where Virginia Tech’s $1 billion Innovation Campus is under construction. JBG SMITH's portfolio currently comprises 15.5 million square feet of high-growth office, multifamily and retail assets at share, 98% of which are metro-served. It also maintains a development pipeline encompassing 9.8 million square feet of mixed-use development opportunities. JBG SMITH is committed to the operation and development of green, smart, and healthy buildings and plans to maintain carbon neutral operations annually. For more information on JBG SMITH please visit www.jbgsmith.com.
Forward-Looking Statements
Certain statements contained herein may constitute “forward-looking statements” as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are not guarantees of performance. They represent our intentions, plans, expectations and beliefs and are subject to numerous assumptions, risks and uncertainties. Consequently, the future results of JBG SMITH Properties (“JBG SMITH” or the “Company”) may differ materially from those expressed in these forward-looking statements. You can find many of these statements by looking for words such as “approximate”, “believes,” “expects,” “anticipates,” “intends,” “plans,” “proposed,” “would,” “may,” or similar expressions in this press release. We also note the following forward-looking statements: estimated square footage, lease terms, and move in date, and infrastructure plans. Many of the factors that will determine the outcome of these and our other forward-looking statements and plans are beyond our ability to control or predict. These factors include, among others: adverse economic conditions in the Washington, DC metropolitan area, the timing of and costs associated with development and property improvements, financing commitments, and general competitive factors. For further discussion of factors that could materially affect the outcome of our forward-looking statements and other risks and uncertainties, see “Risk Factors” and the Cautionary Statement Concerning Forward-Looking Statements in the Company's Annual Report on Form 10-K for the year ended December 31, 2021 and other periodic reports the Company files with the Securities and Exchange Commission. For these statements, we claim the protection of the safe harbor for forward looking statements contained in the Private Securities Litigation Reform Act of 1995. You are cautioned not to place undue reliance on our forward-looking statements. All subsequent written and oral forward-looking statements attributable to us or any person acting on our behalf are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. We do not undertake any obligation to release publicly any revisions to our forward-looking statements after the date hereof.
Media
Bud Perrone
Rubenstein
Managing Director
(212) 843-8068
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Samantha Schmieder
JBG SMITH
Corporate Communications Manager
(240) 333-7706
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Investor Relations
Barbat Rodgers
JBG SMITH
Senior Vice President, Investor Relations
(240) 333-3805
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LONDON--(BUSINESS WIRE)--Lodbrok Capital LLP, one of the largest shareholders in REC Silicon ASA, issued the following letter in response to the statement made on 14 October 2022 by the REC board:
REC Silicon ASA (“REC”)
Fornebuveien 84
PO Box 63
1324 Lysaker
Norway
Attn: The Directors of the Board
RESPONSE TO THE BOARD’S STATEMENT DATED 14 OCTOBER 2022
Capitalised terms will have the same meaning as the letter dated 10 October 2022 (“the Lodbrok Letter”)
17 October 2022
Dear directors,
Funds and accounts managed or advised by Lodbrok Capital LLP (“Lodbrok”) at the time of this letter now own just over 3% of the shares in REC (OSE: RECSI) – making Lodbrok the largest shareholder in the company outside Hanwha based on VPS share registers – and still hold close to 20% of the 2023 senior secured bond. As mentioned in the Lodbrok Letter, we have been invested in REC since our inception in 2017 and have supported the company through difficult times in the past. We believe the current situation again warrants active involvement by Lodbrok in our capacity as a meaningful stakeholder.
We note with disappointment that your response on 14 October 2022 does not contain any concrete actions to ameliorate the concerns outlined in the Lodbrok Letter. Your response detailed the qualifications and expertise of the new CEO and the proposed directors, but failed to address the crux of the issue, being the potential conflicts of interests in Hanwha effectively hand picking a new CEO and CFO (the latter joining directly from Hanwha) and occupying an effective control of the REC board during a time where Hanwha is negotiating a potentially company-defining contract with REC.
Since the Lodbrok Letter, we highlight the following developments:
Absent direct engagement from the board or Hanwha on concrete steps to address the suggestions in the Lodbrok Letter, we will reject all the EGM proposals and consider options that include, but are not limited to, the following:
Either a) postponing the EGM to identify an additional board candidate – independent or from a non-Hanwha shareholder (group) – or b) Hanwha proposing and supporting the election of such a candidate at the EGM, would be an important step in recognising our concerns. Lodbrok remains available for any engagement on such matters.
We strongly believe it will be in the best interest of the company and its shareholders to ensure optimal governance in the current situation, and Hanwha holds the key to easily accommodate the concerns raised in cooperation with Lodbrok. A continued conflict on the governance matter will have the potential to damage shareholder value.
We strongly encourage all shareholders to consider the concerns we have expressed and vote at the EGM.
Mikael Brantberg
Chief Investment Officer
Lodbrok Capital LLP
Joachim Bale
Partner
Lodbrok Capital LLP
Lodbrok Media
Nepean
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HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) announced today that it has changed the date and time of its previously announced third quarter 2022 earnings conference call to 11:00 a.m. Central Standard Time on Wednesday, November 9, 2022. FET will issue a press release regarding its third quarter 2022 earnings prior to the conference call.
The call will be webcast through the Investor Relations link on FET’s website at ir.f-e-t.com.
Important note regarding the process for dialing in to the conference call: Participants who want to join the call and ask a question should register on FET’s Investor Relations website page or click here to receive the dial-in numbers and a unique PIN for the call. Participants are encouraged to log in to the webcast or dial in approximately ten minutes prior to the call’s start time. A replay of the call will be available on the Investor Relations website beginning on November 9, 2022, at approximately 5:00 p.m. Central Standard Time.
FET is a global company, serving the oil, natural gas, industrial and renewable energy industries. FET provides value added solutions that increase the safety and efficiency of energy exploration and production. We are an environmentally and socially responsible company headquartered in Houston, TX with manufacturing, distribution and service facilities strategically located throughout the world. For more information, please visit www.f-e-t.com.
Rob Kukla
Director Investor Relations
281.994.3763
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With Tradenergy, short-term energy traders, asset owners, and market analysts gain access to the same real-time monitoring and forecasting used by grid operators in the control room.
LONDON--(BUSINESS WIRE)--Reactive Technologies, the grid resilience technology company that provides the world’s most accurate measurements of grid inertia and other power grid functions, has today launched Tradenergy®. This patented software tool provides short-term energy traders with real-time insights into grid events such as generation or interconnector trips. By streamlining energy traders’ ability to rapidly match electricity supply to demand, Tradenergy helps maintain the resilience and reliability of power grid operations.
“For the past five years, we have been working on perfecting a technology that would enable other stakeholders in addition to grid operators to benefit from grid insights,” Marc Borrett, CEO and Co-founder of Reactive Technologies, said. “Built on the foundation of our first-of-its-kind grid insight product Grid-Sonar™, Tradenergy facilitates more efficient transactions on short-term electricity markets that help ensure grid stability – an increasingly important benefit as grids integrate more diverse, lower-carbon energy assets.”
On a power grid, inertia is naturally produced by turbines and motors in fossil fuel generators that are synchronized to the same frequency. Grid inertia provides an extra boost of energy that can temporarily keep power flowing through a grid after a generator stops working.
Tradenergy grid inertia forecasting and monitoring provides insight on overall grid state and potential need for stabilizing actions. By tapping into the power of Reactive Technologies’ patented Grid-Sonar™ technology, Tradenergy users obtain high-speed, locational grid alerts. Additionally, probabilistic balancing market (BM) forecasts offer actual BM volumes broken down by fuel type–combined cycle gas turbines (CCGT), wind, coal, and pumped storage.
The benefits of Tradenergy include:
As Europe heads into a challenging winter as predicted by the National Grid ESO, increased sensitivity to interconnector availability will become more prominent across the continent. For example, Great Britain has already shifted from an importer to a net exporter of electricity to Europe this year. This is driven by international gas shortages and reduced availability of French nuclear power. In early September, Tradenergy enabled visibility to a failure on one of the interconnectors between the UK and France. This resulted in a near-instantaneous loss of 1GW of export from the UK to France and the grid frequency increasing above National Grid's operational limits to 50.25Hz. With the support of batteries providing fast responding frequency services such as Dynamic Containment (DC) introduced by National Grid to ensure the lights can be kept on with lower levels of inertia on the grid, the system was returned to operational limits within four minutes with no disruption to end consumers. However, electricity imports and exports between the UK and Europe were disrupted for several hours, resulting in price movements of over 20% in the UK and impacting multiple European markets. Real-time grid insights provided by Tradenergy will allow market participants to react quickly to similar events and keep the power flowing to where it is most needed this winter.
Tradenergy is one of the solutions offered by Reactive Technologies that deliver operational visibility and accurate measurements of electrical grids in real time, helping accelerate the transition to zero carbon energy systems worldwide.
Reactive is currently offering online demonstrations of Tradenergy to energy traders and other stakeholders looking to gain grid insights and competitive advantage. Interested parties and can visit Reactive’s website to sign up.
About Reactive Technologies:
Reactive Technologies is a grid resilience technology company helping grid operators, electric utilities, and regulators transition to net zero and ensure resilient renewables-based power grids. Reactive’s products, including the first-of-its-kind Grid-Sonar™ technology, bring unprecedented transparency to grid operations by measuring grid inertia and other functions with a high degree of accuracy–a vast improvement over the projections and estimates they are replacing. Reactive has worked with some of the most advanced electric utilities in the world and consistently delivers accurate grid data that informs better planning, full utilization of electricity supplies, and cost savings while enabling an accelerated transition to clean energy. Reactive is backed by several of the world’s leading climate tech venture and management firms, including BGF, Breakthrough Energy Ventures, Eaton, and Accenture Ventures. Reactive Technologies is a 2022 Bloomberg New Energy Finance Pioneers winner.
Media Contact:
Redwood Climate Communications for Reactive Technologies
Josh Garrett
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TORONTO--(BUSINESS WIRE)--Superior Plus Corp. (“Superior”) (TSX:SPB) announced today that it expects to announce its 2022 third quarter financial results after the close of North American markets on Wednesday, November 9, 2022.
A conference call and webcast to discuss the 2022 third quarter financial results will be held at 10:30 AM EST on Thursday, November 10, 2022. To listen to the live webcast, please use the following link: Register Here. The webcast will be available for replay on Superior's website at: www.superiorplus.com under the Events section.
About the Corporation
Superior is a leading North American distributor and marketer of propane and distillates and related products and services, servicing approximately 890,000 customer locations in the U.S. and Canada.
For further information about Superior, please visit Superior’s website at: www.superiorplus.com or contact: Beth Summers, Executive Vice President and Chief Financial Officer, Tel: (416) 340-6015, or Rob Dorran, Vice President, Capital Markets, Tel: (416) 340-6003, E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it., Toll-Free: 1-866-490-PLUS (7587).
Beth Summers
Executive Vice President and Chief Financial Officer
Tel: (416) 340-6015
Rob Dorran
Vice President, Capital Markets
Tel: (416) 340-6003
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Toll-Free: 1-866-490-PLUS (7587)
OEMs seek greater performance in efficiency as they move to become "all-electric"
BOSTON--(BUSINESS WIRE)--Electric vehicles face consumer concerns over “range anxiety” and “charge anxiety” with auto makers responding by integrating components further, using advancements in power electronics to raise powertrain efficiency and using 800 Volt+ electrical networks to shorten charging times. Silicon carbide (SiC) is among many wide bandgap technologies being adopted to enhance efficiency in switching power to drive electric motors, receiving charge through on-board chargers and converting direct current. These are some of the developments covered in the Strategy Analytics’ Electric Vehicle Service (EVS) reports: Electric Vehicle Power Electronics: Increasing Use of 800 Volts, Integrated Designs and Silicon Carbide.
“As auto makers adjust their businesses to become “all-electric,” the competition among them intensifies,” says Kevin Mak, principal analyst in the Global Automotive Practice (GAP). “Wide bandgap technologies, such as silicon carbide, enable motor inverters to run at higher junction temperatures and so reduce their thermal management requirements. Raising the performance in power switching leads to smaller inverters enabling electric traction motors to spin faster and raise torque output providing an improvement in battery electric powertrain performance. Wide bandgap technologies also allow components to become smaller, which translates to size, weight and power improvements to the powertrain while also allowing more flexibility to integrate systems. 800 Volt technology also enables auto makers to use lighter cabling and to draw power more quickly than using lower voltages.”
About Strategy Analytics
Strategy Analytics, Inc. is a global leader in supporting companies across their planning lifecycle through a range of customized market research solutions. Part of TechInsights, our multi-discipline capabilities include: industry research advisory services, customer insights, user experience design and innovation expertise, mobile consumer on-device tracking and business-to-business consulting competencies. With domain expertise in smart devices, connected cars, intelligent home, service providers, IoT, strategic components and media, Strategy Analytics can develop a solution to meet your specific planning need. For more information, visit us at www.strategyanalytics.com.
Source: Strategy Analytics, Inc.
#SA_Automotive
For more information about Strategy Analytics
Electric Vehicle Service (EVS): Click Here
Report contacts:
European Contact: Kevin Mak, +44 (0)1908 423 644, This email address is being protected from spambots. You need JavaScript enabled to view it.
US Contact: Ed Sanchez, +1 617 614 0717, This email address is being protected from spambots. You need JavaScript enabled to view it.
China Contact: Julia An, +86 10 8975 5246, This email address is being protected from spambots. You need JavaScript enabled to view it.
KILGORE, Texas--(BUSINESS WIRE)--Martin Midstream Partners L.P. (NASDAQ: MMLP) announced it has declared a quarterly cash distribution of $0.005 per unit for the quarter ended September 30, 2022. The distribution is payable on November 14, 2022 to common unitholders of record as of the close of business on November 7, 2022. The ex-dividend date for the cash distribution is November 4, 2022.
Qualified Notice to Nominees
This release serves as qualified notice to nominees as provided for under Treasury Regulation Section 1.1446-4(b)(4) and (d). Please note that 100 percent of the Partnership's distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, all of the Partnership's distributions to foreign investors are subject to federal income tax withholding at the highest effective tax rate for individuals or corporations, as applicable. Nominees, and not the Partnership, are treated as withholding agents responsible for withholding on the distributions received by them on behalf of foreign investors.
About Martin Midstream Partners
MMLP, headquartered in Kilgore, Texas, is a publicly traded limited partnership with a diverse set of operations focused primarily in the Gulf Coast region of the United States. MMLP’s primary business lines include: (1) terminalling, processing, storage, and packaging services for petroleum products and by-products; (2) land and marine transportation services for petroleum products and by-products, chemicals, and specialty products; (3) sulfur and sulfur-based products processing, manufacturing, marketing and distribution; and (4) natural gas liquids marketing, distribution, and transportation services. To learn more, visit www.MMLP.com. Follow Martin Midstream Partners L.P. on LinkedIn and Facebook.
MMLP-F
Sharon Taylor
Chief Financial Officer
(877) 256-6644
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DUBLIN--(BUSINESS WIRE)--The "Global Syngas & Derivatives Market By Production Technology, By Gasifier Type Bed Gasifier, Fluidized Bed Gasifier, Others, By Feedstock, By Application, By Chemical Derivatives, By Consumption, By Region, Competition, Forecast and Opportunities, 2017-2027" report has been added to ResearchAndMarkets.com's offering.
Global Syngas & Derivatives Market stood at USD248.89 billion in 2021 and is expected to grow at a CAGR of 6.27% during the forecast period due to increasing use of syngas in chemical industry and syngas' use as a clean alternative to fossil fuel.
Synthesis gas is a catch-all name for unprocessed gas made from hydrocarbon feedstocks, with primary constituents being hydrogen and carbon monoxide and secondary constituents being CO2, methane, etc. Syngas is a necessary step in the production of gasoline, chemicals, and fertilizers.
Examples of important derivatives include methanol, ammonia, high-speed diesel, polymers, etc. It is an intermediate product that can be further processed in several ways to yield various energy outputs, including electricity and high-quality gaseous or liquid fuels that can be used as transportation fuels.
Government Inclination Towards Syngas
The governments of different nations are adopting several actions to reduce greenhouse gases, which are one of the key reasons behind global warming. The Indian government recently gave instructions to Coal India Ltd (CIL) and Singareni Collieries Company Ltd. (SCCL) to add a new subsector regarding the auction of coal linkages to the Non-Regulated Sector and to establish a separate auction window for the allocation of coal linkages to coal gasification projects. The Coal Block Allocation Rules, 2017 of India have already designated the production of syngas as one of the end-use sectors.
Mergers and Acquisitions in Asia-Pacific
To enhance their market share, companies in the global syngas and derivatives industry are investing in inorganic growth techniques. For instance, in order to build, own, and operate a successful coal-to-syngas processing facility in Jiangsu Province, China, Air Products and Debang Xinghua Technology Co. Ltd. established a joint venture (JV) in 2019.
Air Products owns 80% of the JV, which has its headquarters in Lianyungang City's Xuwei National Petrochemical Park, and the Debang Group owns 20%. Leigh Creek Energy, another firm, secured USD18 million in funding in 2021 for a project in South Australia to generate syngas and electricity. Similarly, in 2019 Geismar, Louisiana, US-based Praxair, a wholly owned subsidiary of Linde PLC, opened a syngas plant.
Research on Syngas Fermentation using Bibliometrics
Carbon cycling and valorization can be replaced by syngas fermentation, which uses microorganisms to convert H2, CO, and CO2 into acids and alcohols. An evaluation of the intellectual landscape of the subject is done using a bibliometric study and a search query (SQ) that covers all essential papers on syngas fermentation.
The SQ is validated using a preliminary bibliometric analysis and a review of the titles and abstracts of all sources. Research on syngas fermentation is currently receiving a lot of attention since it intends to boost microorganism productivity by changing their metabolism and enhancing the bioreactor's working environment.
European and American Gasification Trends
According to the terms of a contract signed on July 23, 2020, NextChem and US carbon recycling company LanzaTech have been granted licences to use the "Waste to Ethanol" syngas fermentation process line. In a similar vein, a waste gasification facility with a 1.5 MW pressurised fluidized bed started producing clean syngas in Birmingham, United Kingdom, in 2020.
This syngas can be used to produce power, heat, hydrogen, and liquid biofuels. In order to demonstrate integrated gasification and pyrolysis at a CHP plant, BioShare, a Swedish firm, recently obtained funding (USD1.72 million, 2020-2024).
Company Profiles
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Global Syngas & Derivatives Market.
Report Scope
Syngas & Derivatives Market, By Production Technology:
Global Syngas & Derivatives Market, By Gasifier Type:
Global Syngas & Derivatives Market, By Feedstock:
Global Syngas & Derivatives Market, By Application:
Global Syngas & Derivatives Market, By Chemical Derivatives:
Global Syngas & Derivatives Market, By Consumption:
Global Syngas & Derivatives Market, By Region:
For more information about this report visit https://www.researchandmarkets.com/r/1qy967
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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AUSTIN, Texas--(BUSINESS WIRE)--Brigham Minerals, Inc. (NYSE: MNRL) (“Brigham Minerals” or “the Company”), a leading mineral and royalty interest acquisition company, plans to announce third quarter 2022 operating and financial results after market close on Thursday, November 3, 2022. Due to the pending merger, Brigham Minerals will not host a conference call.
About Brigham Minerals, Inc.
Brigham Minerals is an Austin, Texas based company that acquires and actively manages a portfolio of mineral and royalty interests in the core of some of the most active, highly economic, liquids-rich resource basins across the continental United States. Brigham Minerals’ assets are located in the Permian Basin in Texas and New Mexico, the SCOOP and STACK plays in the Anadarko Basin of Oklahoma, the DJ Basin in Colorado and Wyoming, and the Williston Basin in North Dakota. The Company’s primary business objective is to maximize risk-adjusted total return to its shareholders by both capturing organic growth in its existing assets as well as leveraging its highly experienced technical evaluation team to continue acquiring minerals.
At the Company:
Brigham Minerals, Inc.
Blake C. Williams
Chief Financial Officer
(512) 220-1500
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DUBLIN--(BUSINESS WIRE)--The "Yacht Charter Agency Types & Development Framework 2022 - Extended Market Report and Expert Analysis" report has been added to ResearchAndMarkets.com's offering.
This yacht charter market report is quite unique and goes far beyond the usual market reports in this industry. First of all, it has been prepared by actual industry experts for yacht charters, meaning that deep insider know-how has been in-built.
Secondly, the report contents go much further than the usual standardized listing of plain numbers. Each section of the report is thoroughly explained within the context of the actual industry and its common practices. Therefore, the readers can gain a quantitative and qualitative understanding of the yacht charter industry, including the market structure, processes, specificities and dynamics.
As such, this report is a must-have for anyone who is considering entering the yacht charter industry and/or pursuing further developments or new projects in it. Indeed, both newcomers and existing players can benefit immensely from the findings of this unique research.
Thirdly, this market report contains actual primary data from a large international questionnaire survey of yacht charter agencies - it is the largest such survey ever performed on this market! In particular, the author conducted scientifically based research through a specially designed questionnaire that gathered responses from 166 active yacht charter companies in 43 countries across the globe.
To complement this method, an extensive content analysis was also performed on a wider population of nearly 1,000 yacht charter agencies from more than 50 countries and 5 continents.
WHO SHOULD BUY THIS REPORT?
Current and prospective participants in the following industries: tourism, nautical tourism, boating, yachting, maritime tourism, other maritime activities, shipbuilding, marina management, or any related industries. Consultants and investors in those industries. Potential suppliers, partners, or other stakeholders to those industries.
ADVANTAGES OF THIS MARKET REPORT
Key Topics Covered:
1. Executive Summary
2. Introduction
3. Research Scope and Methods
4. Yacht Charter Global Overview
5. Yacht Charter Market Key Participants
6. Insights into Yacht Charter Agencies
7. Global Distribution of Yacht Charter Agencies
8. Types of Yacht Charter Agencies
9. Yacht Charter Agency Positioning Framework
10. Pros & Cons of Selected Business Models
11. Interesting Profiles, Features and Examples
12. New Emerging Types of Agencies
13. Key Trends and Opportunities
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/r8gfhb
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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CRYSTAL BAY, Nev. & SINGAPORE--(BUSINESS WIRE)--Evo Acquisition Corp. (Nasdaq: EVOJ) (“Evo”), a special purpose acquisition company led by CEO Richard Chisholm, today announced the execution of a definitive business combination agreement (the “Business Combination Agreement”) with 20Cube Logistics Pte. Ltd. (“20Cube”), a Singapore-based software-enabled international supply chain orchestrator, for a proposed business combination between Evo and 20Cube (the “Business Combination”).
The parent company following the consummation of the business combination will be a new Singapore holding company (the “Combined Company” or “Pubco”) to be called 20Cube Logistics Solutions Ltd., and will be led by Mahesh Niruttan, Founder and Chief Executive Officer of 20Cube. Pubco’s ordinary shares are expected to be listed on the Nasdaq Capital Market under the ticker symbol “TCUB”.
Evo and Pubco anticipate a private subordinated convertible note investment with affiliates of the sponsor of Evo of approximately $20 million that would close simultaneously with the Business Combination (such financing together with the Business Combination and the other transactions contemplated by the Business Combination Agreement, the “Transaction”), subject to the final negotiation of terms and the execution of definitive documents between the parties. The Combined Company will also receive up to $125 million (less transaction expenses) of the amounts held in 20Cube’s trust account at the closing of the Transaction, subject to any redemptions by existing Evo shareholders and any applicable excise or other tax obligations.
Key Transaction Terms
The Transaction has been approved by each of Evo’s and 20Cube’s Board of Directors. The Transaction is subject to the approval of Evo and 20Cube shareholders and other customary conditions and is expected to close in the first quarter of 2023.
Additional information about the Transaction will be provided in a Current Report on Form 8-K that will contain an investor presentation, to be filed by Evo with the Securities and Exchange Commission (“SEC”) and will be available at www.sec.gov. In addition, 20Cube Logistics Solutions intends to file a registration statement on Form F-4 with the SEC, which will include a proxy statement/prospectus, and will file other documents regarding the proposed transaction with the SEC.
20Cube Highlights
“For more than 10 years, 20Cube has worked closely with our customers to craft this platform", said Mahesh Niruttan, Founder and Chief Executive Officer of 20Cube. “It was exciting to watch us pass through our first growth inflection point a couple of years ago and today is a major milestone towards continuing that rapid growth on our journey to 'make trade better'."
Richard Chisholm, Evo’s Chief Executive Officer commented, “20Cube has built a strong foundation with some of the world's most discerning customers. We were most impressed that they achieved profitability and margins on par with the best logistics companies on the planet and did so with limited scale and limited capital.” Evo’s Managing Director Jason Sausto added, “The company will now be able to put its foot on the gas for multiple initiatives including increasing its customer list in Asia, enhancing US and EU trade lanes, ramping up marketing and commercial teams, building next generation tech and expanding share of wallet with the current base.”
Financial Information; Non-IFRS Financial Measures
The historical financial data included in this press release has been derived from 20Cube’s audited financial statements for the fiscal years ended March 31, 2020 and 2021, which were prepared in accordance with International Financial Reporting Standards, or IFRS. The historical financial data included in this press release for 20Cube’s fiscal year ended March 31, 2022, has been derived from 20Cube’s management accounts prepared in accordance with IFRS and is subject to completion of the audit of such financial statements and further review and updates.
This press release also includes references to non-IFRS financial measures. Such non-IFRS measures should be considered only as supplemental to, and not as superior to, financial measures prepared in accordance with IFRS. 20Cube and Evo believe that the use of these non-IFRS Financial measures provide an additional tool for evaluating historical or projected operating results and trends in and in comparing 20Cube’s financial measures with other similar companies, many of which may present similar non-IFRS financial measures to investors. Management of 20Cube does not consider these non-IFRS measures in isolation or as an alternative to financial measures determined in accordance with IFRS. The principal limitation of these non-IFRS financial measures is that they reflect the exercise of judgments by management about which expense and revenue items are excluded or included in determining these non-IFRS financial measures.
In order to compensate for these limitations, management presents historical non-IFRS financial measures in connection with IFRS results below:
| Reconciliation of Net Income (Loss) to Adjusted EBITDA | ||||||
|
2020A |
|
2021A |
|
2022UA |
|
Net Income (Loss) |
(4.6) |
|
(1.5) |
|
(0.8) |
|
Net Margin % |
(6.3%) |
|
(1.6%) |
|
(0.5%) |
|
Adjusted to Include: |
|
|
|
|
|
|
Depreciation & Amortization(1) |
5.5 |
|
5.4 |
|
6.2 |
|
Interest Expense(1) |
5.1 |
|
3.7 |
|
5.4 |
|
Provision for Income Taxes |
(0.1) |
|
1.1 |
|
0.5 |
|
Exceptional Items(2) |
3.4 |
|
1.6 |
|
1.6 |
|
Adjusted EBITDA |
$9.4 |
|
$10.4 |
|
$12.9 |
|
Margin % |
12.9% |
|
11.0% |
|
7.9% |
|
Notes: Company fiscal year ending March 31st |
||
(1) |
Lease treatments are in accordance with IFRS standards and affect the P&L through depreciation on right of use assets created at the time of initiation of each lease and get debited to the P&L and interest on lease liabilities which also get debited to the P&L on a reducing balance monthly |
|
(2) |
Exceptional Items includes acquisition related costs, stock compensation expenses, foreign exchange loss / (gain), and credit loss provision on trade receivables and deposits |
|
Advisors
B. Riley Securities is acting as financial and capital markets advisor to Evo and lead placement agent in connection with a potential PIPE transaction.
Ellenoff Grossman & Schole LLP acted as legal counsel to Evo. Kirkland & Ellis LLP acted as placement agent counsel.
Drake Star Partners acted as exclusive financial advisor and Foley & Lardner LLP acted as legal counsel to 20Cube in the Transaction.
About 20Cube Logistics Pte. Ltd.
20Cube is a software-enabled international supply chain orchestrator from purchase order (PO) to point of delivery (POD) with a technology-driven, proven proprietary system and key presence at over 60 locations in Asia, Australia and East Africa. 20 Cube has over 600 employees. 20Cube was built from the ground up over the past 10 years on a disruptive software, workflow and control tower driven platform. 20Cube's platform is centered around MyHubPlus, which captures data from every part of the supply chain to provide customers with unprecedented real-time visibility, alerts, exception management and reporting. Its suite of freight forwarding, intelligent warehousing/distribution, customs and trade compliance solutions have resulted in significant savings from better container utilization, load balancing, predictability and logistics process management. For more information visit www.20cube.com.
About Evo Acquisition Corp.
Evo is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While Evo may pursue an acquisition in any business industry or sector, it intends to focus its search on companies in the technology and financial sectors, including companies with a nexus to Japan. Evo is led by its Chairman, Michael Lerch, its Chief Executive Officer, Richard Chisholm, its Chief Financial Officer, Adrian Brindle and Managing Director Jason Sausto. For more information visit www.evospac.com.
Important Information About the Business Combination and Where to Find It
This press release relates to a proposed Transaction between Evo and 20Cube. This press release does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. In connection with the Transaction described herein, Evo and Pubco intend to file relevant materials with the SEC, including a registration statement to be filed by Pubco on Form F-4, which will include a proxy statement/prospectus. Security holders are encouraged to carefully review such information, including the risk factors and other disclosures therein. The proxy statement/prospectus will be sent to all shareholders of Evo and 20Cube. Evo and Pubco will also file other documents regarding the proposed Transaction with the SEC. Before making any voting or investment decision, investors and security holders of Evo and 20Cube are urged to read the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC in connection with the proposed transaction as they become available because they will contain important information about the proposed Transaction.
Once available, shareholders will also be able to obtain a copy of the Form F-4, including the proxy statement/prospectus, and other documents filed with the SEC without charge, by directing a request to: This email address is being protected from spambots. You need JavaScript enabled to view it.. The preliminary and definitive proxy statement/prospectus, once available, and other materials filed with the SEC, can also be obtained, without charge, at the SEC’s website (www.sec.gov).
Participants in the Solicitation
Evo and 20Cube and their respective directors and executive officers may be considered participants in the solicitation of proxies with respect to the proposed Business Combination described in this press release under the rules of the SEC. Information about the directors and executive officers of Evo is set forth in Evo’s annual report on Form 10-K filed with the SEC on March 28, 2022 and Current Report on Form 8-K filed with the SEC on May 17, 2022., and are available free of charge at the SEC’s website at www.sec.gov or by directing a request to: Evo Acquisition Corp., 10 Stateline Road, Crystal Bay, NV 89402. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the solicitation of the Evo stockholders in connection with the proposed Business Combination will be set forth in the registration statement containing the proxy statement/prospectus on Form F-4 to be filed by 20Cube Logistics Solutions Pte. Ltd. with respect to the proposed Business Combination when it is filed with the SEC. These documents can be obtained free of charge from the sources indicated herein.
Forward-Looking Statements
Certain statements included in this press release are not historical facts but are forward-looking statements. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of other performance metrics and projections of market opportunity. These statements are based on various assumptions, whether or not identified in this press release and on the current expectations of Evo’s and 20Cube’s respective managements and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Evo and 20Cube. Some important factors that could cause actual results to differ materially from those in any forward-looking statements could include changes in domestic and foreign business, market, financial, political and legal conditions.
These forward-looking statements are subject to a number of risks and uncertainties, including, the inability of the parties to successfully or timely consummate the Transaction, including the risk that any required regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the Combined Company or the expected benefits of the Transaction, if not obtained; the failure to realize the anticipated benefits of the Transaction; matters discovered by the parties as they complete their respective due diligence investigation of the other parties; the ability of Evo prior to the Business Combination, and the Combined Company following the Business Combination, to maintain (in the case of Evo) and to obtain and maintain (in the case of the Combined Company) the listing of Evo’s shares prior to the Business Combination, and following the Business Combination, the Combined Company’s shares on Nasdaq; costs related to the Transaction; the failure to satisfy the conditions to the consummation of the Transaction, including the approval of the Business Combination Agreement by the respective stockholders of Evo and 20Cube, the risk that the Transaction may not be completed by the stated deadline and the potential failure to obtain an extension of the stated deadline; the inability to complete a PIPE transaction; the outcome of any legal proceedings that may be instituted against Evo or 20Cube related to the Transaction; the attraction and retention of qualified directors, officers, employees and key personnel of Evo and 20Cube prior to the Business Combination, and the Company following the Business Combination; the ability of the Combined Company to compete effectively in a highly competitive market; the ability to protect and enhance 20Cube’s corporate reputation and brand; the impact from future regulatory, judicial, and legislative changes in 20Cube’s industry; and, the uncertain effects of the COVID-19 pandemic or other public health matters; competition from larger technology companies that have greater resources, technology, relationships and/or expertise; future financial performance of the Combined Company following the Business Combination including the ability of future revenues to meet projected annual bookings; the ability of the Combined Company to forecast and maintain an adequate rate of revenue growth and appropriately plan its expenses; the ability of the Combined Company to generate sufficient revenue from each of our revenue streams; the ability of the Combined Company’s patents and patent applications to protect the Combined Company’s core technologies from competitors; the Combined Company’s ability to manage a complex set of marketing relationships and realize projected revenues from subscriptions, advertisements; product sales and/or services; 20Cube’s ability to execute its business plans and strategy; and those factors set forth in documents of Evo or 20Cube Logistics Solutions Pte. Ltd. filed, or to be filed, with SEC. You should carefully consider the foregoing factors and the other risks and uncertainties that will be described in the “Risk Factors” section of the registration statement on Form F-4 and related proxy statement and other documents to be filed by Evo or 20Cube Logistics Solutions Pte. Ltd. from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. The foregoing list of risks is not exhaustive.
If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither Evo nor 20Cube presently know or that Evo or 20Cube currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Evo’s and 20Cube’s current expectations, plans and forecasts of future events and views as of the date of this press release. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements in this press release, which speak only as of the date they are made and are qualified in their entirety by reference to the cautionary statements herein and the risk factors of Evo and 20Cube described above. Evo and 20Cube anticipate that subsequent events and developments will cause their assessments to change. However, while Evo and 20Cube may elect to update these forward-looking statements at some point in the future, they each specifically disclaim any obligation to do so, except as may be required by law.
20Cube Investor Contact:
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Evo Acquisition Corp. Investor Contact:
Chris Tyson
949-491-8235
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DENVER--(BUSINESS WIRE)--Advanced Energy (Nasdaq: AEIS), a global leader in highly engineered, precision power conversion, measurement, and control solutions, will report its third quarter 2022 financial results after the market closes on Tuesday, November 1, 2022. Management's quarterly conference call will be held the same day beginning at 4:30 p.m. Eastern Time.
To participate in the live earnings conference call, please dial 877-407-0890 approximately ten minutes prior to the start of the meeting and an operator will connect you. International participants can dial +1-201-389-0918.
A live webcast of the call will be available on the Investors page of the company's website at ir.advancedenergy.com in the Events & Presentations section. A replay of the conference call will be available approximately two hours following the end of the live event.
About Advanced Energy
Advanced Energy Industries, Inc. (Nasdaq: AEIS) is a global leader in the design and manufacture of highly engineered, precision power conversion, measurement and control solutions for mission-critical applications and processes. Advanced Energy’s power solutions enable customer innovation in complex applications for a wide range of industries including semiconductor equipment, industrial production, medical and life sciences, data center computing, networking and telecommunications. With engineering know-how and responsive service and support for customers around the globe, the company builds collaborative partnerships to meet technology advances, propels growth of its customers and innovates the future of power. Advanced Energy has devoted four decades to perfecting power. It is headquartered in Denver, Colorado, USA.
For more information, visit www.advancedenergy.com.
Advanced Energy | Precision. Power. Performance. Trust.
Edwin Mok
Advanced Energy Industries, Inc.
970-407-6555
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THE WOODLANDS, Texas--(BUSINESS WIRE)--Excelerate Energy, Inc. (NYSE: EE) (the “Company” or “Excelerate”) will release its third quarter 2022 results on Wednesday, November 9, 2022, following the close of U.S. financial markets. The earnings release and presentation for the third quarter 2022 results will be available on the investor page of the Company’s website at www.excelerateenergy.com.
On Thursday, November 10, 2022, the Company’s management team will host a conference call for analysts and investors at 8:30 a.m. Eastern Time (7:30 a.m. Central Time). The call will also be webcast live at www.excelerateenergy.com. An archived replay of the call and a copy of the presentation will be on the website following the call.
About Excelerate Energy:
Excelerate Energy, Inc. is a U.S.-based LNG company located in The Woodlands, Texas. Excelerate is changing the way the world accesses cleaner forms of energy by providing integrated services along the LNG value chain with the objective of delivering rapid-to-market and reliable LNG solutions to customers. The Company offers a full range of flexible regasification services from FSRUs to infrastructure development to LNG supply. Excelerate has offices in Abu Dhabi, Antwerp, Boston, Buenos Aires, Chattogram, Dhaka, Doha, Dubai, Ho Chi Minh City, Manila, Rio de Janeiro, Singapore, and Washington, DC. For more information, please visit www.excelerateenergy.com.
Investors:
Craig Hicks
Excelerate Energy
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Media:
Stephen Pettibone / Frances Jeter
FGS Global
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or
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DUBLIN--(BUSINESS WIRE)--The "Airport And Marine Port Security Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the global airport and marine port security market.
The global airport and marine port security market is expected to grow from $72.13 billion in 2021 to $78.89 billion in 2022 at a compound annual growth rate (CAGR) of 9.4%. The airport and marine port security market is expected to grow to $113.42 billion in 2026 at a compound annual growth rate (CAGR) of 9.5%.
Companies Mentioned
Reasons to Purchase
Major players in the airport and marine port security market are Tyco International Ltd, L-3 Communications Holdings Inc., Honeywell International Inc., HCL Infosystems Limited, Bosch Security Systems, Unisys Corporation, Flir Systems, Inc., Raytheon, Siemens AG, SAAB AB, Motorola, James Fisher and Sons, Rapiscan, Nokia, and Safran.
The airport and marine port security market consists of sales of products and services by entities (organizations, sole traders, and partnerships) that are used to protect a shipping port and airport facility from terrorism, other illegal activities, and activists. Airport and Marine port security refers to an ecosystem which provide safety to air cargos and protection of vessels, both internally and externally. It also refers to the measures taken to ensure that treaties signed with other countries are properly enforced.
The main types of systems in airport and marine port security include surveillance systems, physical access control systems, screening and scanning systems, perimeter intrusion detection systems, network access control and security, and real-time location systems. Surveillance systems refer to any electronic surveillance device, hardware, or software capable of collecting, capturing, recording audio, visual, digital, location, thermal, biometric, or similar information.
This technology will also allow ports to not only react faster to events but also for managing day-to-day operation costs of security guards, security vehicles, training, fuel, and others. They are used in different infrastructures including airports and marine ports. These services offered in airport and marine port security include facility and asset management, system integration, training & consulting.
North America was the largest region in the airport and marine port security market in 2021. Aisa Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the airport and marine port security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The airport and marine port security market research report is one of a series of new reports that provides airport and marine port security market statistics, including airport and marine port security industry global market size, regional shares, competitors with an airport and marine port security market share, detailed automotive seat market segments, market trends and opportunities, and any further data you may need to thrive in the automotive seat industry. These airport and marine port security market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The increasing internal and external threats are driving the growth of the airport and marine port security market going forward. Internal and external threats refer to the attacks from inside and outside of an organization. Airport and marine port security provide security from attacking with internal and external threats and provide safety to the airports and marine ports.
For instance, according to the Transported Asset Protection Association (TAPA) report 2021, a US-based non-profit organization, TAPA has documented nearly 6,463 new cargo threats or attacks across 56 countries in Europe, and the Middle East region for the year 2020. Therefore, the increase in internal and external threats is expected to boost demand for airport and marine port security systems during the forecast period.
Technological advancement is a key trend gaining popularity in the airport and marine port security market. Major companies operating in the airport and marine port security market are focused on developing new technological solutions to strengthen their position.
The countries covered in the airport and marine port security market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.
For more information about this report visit https://www.researchandmarkets.com/r/xp0v1b
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