OAKLAND, Calif.--(BUSINESS WIRE)--Primergy Solar LLC (Primergy), a leading developer, owner and operator of utility and distributed scale solar and storage, announces today that it has entered a sole battery supply agreement with Contemporary Amperex Technology Co., Limited (CATL), a global leader in new energy innovative technologies, for the record breaking US$1.2 billion Gemini Solar+Storage Project outside of Las Vegas, Nevada.
Once completed, Gemini will be one of the largest operational solar + storage projects in the U.S. with a 690 MWac/966 MWdc solar array and 1,416 MWh storage capability. Earlier this year, Primergy completed a comprehensive and detailed procurement process and selected several globally leading equipment suppliers and construction partners for the Gemini project.
“With Primergy’s industry-seasoned team, their in-house capability in development, construction and management of long-term assets and CATL’s innovative battery technologies,” said Tan Libin, vice president of CATL. “We believe our cooperation on the Gemini Solar Project will set a great example for large-scale electrochemical energy storage applications, thus promoting global drive towards carbon neutrality.”
Primergy designed an innovative DC coupled system for the Gemini project, which will maximize efficiency from the teaming of the solar array with the CATL storage system. CATL will supply Primergy Solar with EnerOne, a modular outdoor liquid cooling battery energy storage system that features long service life, high integration, and high degree of safety. With a cycle life of up to 10,000 cycles, the LFP-based battery product will contribute to the safe and reliable operation of the Gemini project. Primergy selected the EnerOne solution for Gemini because it utilizes advanced lithium phosphate chemistry which meets Primergy’s requirements for safe and reliable operations at its sites.
“CATL is a technology leader in the battery industry, and we are pleased to partner with them on the Gemini Project and showcase CATL’s advanced EnerOne storage solution,” said Ty Daul, Chief Executive Officer. “The future of our country’s energy reliability and resiliency relies on the mass deployment of battery storage capacity that can supply consistent power back into the grid when it’s needed most. Together with CATL, we are building a market leading and highly sophisticated battery storage system that can capture surplus solar power during the day and store it for use in the early evening after the sunsets in Nevada.”
For more information on Primergy, please visit https://www.primergysolar.com/. For more information about the Gemini project, including simulations of the final project and detail on our environmental resource management, please visit www.primergygemini.com.
About Primergy
Primergy Solar, LLC (https://www.primergysolar.com) is a developer, owner and operator focused on both distributed and utility scale solar PV and battery storage projects in North America with portfolios of over 8 GW of solar and battery energy storage projects in development, construction and operations in 17 different states. Primergy features a diverse and talented team with decades of experience in renewables project development, financing, construction, and operations. Primergy is a portfolio company of Quinbrook Infrastructure Partners and represents Quinbrook’s principal solar and solar plus energy storage investment platform in North America.
About CATL
Contemporary Amperex Technology Co., Limited (CATL) is a global leader in new energy technology innovation, committed to providing premier solutions and services for new energy applications worldwide. In June 2018, the company went public on the Shenzhen Stock Exchange with stock code 300750. According to SNE Research, in the year 2021, CATL's EV battery consumption volume ranked No. 1 in the world for five consecutive years, and it ranked first in the market share of global energy storage battery production. CATL also enjoys wide recognition by global OEM partners. To achieve the goal of realizing fossil fuel replacement in stationary and mobile energy systems with highly efficient electrical power systems that are generated through advanced batteries and renewable energy and promote the integrated innovation of market applications with electrification and intelligentization, CATL maintains continuous innovation in four dimensions including material and electrochemistry system, structure system, extreme manufacturing and business models. For more information, please visit http://www.catl.com
Media:
Alex Autry
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HOUSTON--(BUSINESS WIRE)--Microvast Holdings, Inc. (NASDAQ: MVST), a technology innovator that designs, develops and manufactures lithium-ion battery solutions, today announced the launch of its inaugural battery energy storage system, the ME-4300-UL ESS Container (the “ESS Container”).
ESS Container Features & Highlights
The ESS Container is designed for energy shifting applications such as renewables integration, peak demand and capacity support. Demonstrating Microvast’s commitment to becoming the leading provider of energy storage for utility scale projects, the ESS Container is packed with features including:
The battery cell and module technology used for the ESS container is built on the proven performance of Microvast’s lithium-ion battery solutions developed for the commercial electric vehicle (EV) market. The battery cells incorporate Microvast’s 53.5Ah NMC cell technology, boasting 235Wh/kg of energy density. “Customers can trust and depend on Microvast’s sixteen years of proven expertise in lithium-ion battery manufacturing and our experience with 30,000 battery systems operational worldwide,” stated Zach Ward, President of Microvast Energy.
Microvast’s ESS containers deliver an industry leading energy density of 4.3MWh per container, a long battery life of more than 10,000 cycles under normal operating conditions, as well as easy transportation and installation for fast deployment at utility scale plants. “The superior performance of our products, domestic production capabilities and our team’s ability to effectively execute large scale utility projects sets Microvast apart. We believe our ESS solutions offer substantial benefits to our customers, including a lower total cost of ownership and expected eligibility for Inflation Reduction Act benefits,” Ward said. “The positive response we have received from potential customers in the United States speaks volumes. Our future plans include expanding the ESS platform globally, leveraging our existing facilities in Asia and Europe.”
Microvast ESS Solution Availability
Microvast expects to begin manufacturing ESS Containers in 2023, with shipments anticipated to commence in the second half of 2023.
About Microvast
Founded in Houston, Texas in 2006 as a research and technology driven company, Microvast has evolved into a global leader in the design, development and manufacture of battery solutions for mobile and stationary applications. Microvast provides a broad portfolio of fast-charging lithium-ion battery solutions, with different chemistries, performance characteristics and price points to meet the diverse requirements of its customer base. Microvast is renowned for its cutting-edge cell technology and its vertical integration capabilities which extend from core battery chemistry (cathode, anode, electrolyte, and separator) to modules and packs.
Since placing its first battery systems into operation in electric buses more than a decade ago, Microvast has expanded its business to serve a broad range of commercial, passenger and specialty vehicles, including mining, material handling, and power vehicles and equipment, as well as grid-scale energy storage applications.
For more information, please visit www.microvast.com or follow us on LinkedIn or Twitter (@microvast).
Cautionary Statement Regarding Forward-Looking Statements
This communication contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about future financial and operating results, our plans, objectives, expectations and intentions with respect to future operations, products and services; and other statements identified by words such as “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimated,” “believe,” “intend,” “plan,” “projection,” “outlook” or words of similar meaning. These forward-looking statements include, but are not limited to, statements regarding Microvast’s industry and market sizes, future opportunities for Microvast and the combined company and Microvast’s estimated future results. Such forward-looking statements are based upon the current beliefs and expectations of our management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control. Actual results and the timing of events may differ materially from the results anticipated in these forward-looking statements.
Investor Relations:
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Earning its second patent in two years, FourKites continues to lead supply chain innovation with unmatched insight into ocean shipment documentation, helping shippers reduce delays and minimise fees
AMSTERDAM--(BUSINESS WIRE)--Leading supply chain visibility company FourKites today announces that the U.S. Patent Office has awarded the company U.S. Patent No. 11,461,731 for its unique ocean shipment solutions. FourKites’ ocean solutions provide international shippers and their partners with complete visibility into all of the complex documentation requirements at every leg of every ocean shipment.
These capabilities are available to FourKites’ Dynamic Ocean® customers and give shippers actionable intelligence as well as automation. As a result shippers can quickly and easily identify and address any potentially missing, incorrect or incomplete supporting documentation.
Port congestion, vessel delays and incorrect or incomplete documentation are common challenges for ocean shippers, who routinely pay millions of dollars annually in demurrage and detention (D&D) fees. By integrating international documentation requirements with ocean freight visibility, FourKites automates the matching of specific documents with shipments. This ensures time-sensitive ocean freight makes it through customs with correct and complete documentation at every stage of the journey.
“FourKites’ automated reporting and tracking for ocean shipments provides more accurate and real-time data, which allows Canfor to respond to customer inquiries quicker, and with up-to-date information on our upcoming shipments that would have otherwise had to be manually tracked,” said Bob Hayes, vice president of global supply chain at Canfor.
This latest patent, which follows the award of U.S. Patent No. 11,017,347 for FourKites’ Smart Forecasted Arrival (SFA) capabilities, underscores the company’s commitment to drive continuous innovation that address the supply chain industry’s most complex use cases.1
“We are excited to once again offer global supply chain leaders unique, breakthrough capabilities that address a significant and costly supply chain issue,” said FourKites’ founder and CEO Mathew Elenjickal. “Unlike other solutions on the market that provide track-and-trace visibility, our latest ocean innovations add an intelligent layer of automation and end-to-end visibility. With this patented technology, international shippers can enjoy the benefits of easy access to the critical supply chain data they need to drive faster resolutions, proactively manage exceptions, and provide better reporting to their supply chain partners. This latest patent brings us one step closer to providing visibility into everything, everywhere.”
Over the past few years, ocean shippers have faced unprecedented challenges. The first half of 2022 alone saw disruptions including COVID-19-related port shutdowns, container shortages, labour negotiations and new legislation — all of which resulted in persistent delays and congestion. According to FourKites’ Global Ocean Report for the first half of the year, average global ocean transit time peaked at nearly 50 days and, compared to the first half of 2021, transit times were 19% higher than last year.
In response, shippers have adopted solutions capable of providing end-to-end visibility and advanced functionality for managing global freight. Over the last 12 months, FourKites’ Dynamic Ocean — one of the most sophisticated ocean freight visibility solutions on the market — saw an 80% increase in customer growth, including adoption by major global brands such as Cardinal Health, LyondellBasell, McCain Foods, Roehm, Rove Concepts and Yamaha Motors. Over the same time period, FourKites’ ocean tracking volume has grown 240%.
In addition to helping shippers reduce escalating D&D fees, FourKites’ advanced ocean analytics allow users to lower transportation costs by prioritising containers that are about to accumulate fees, and analyse historical performance and bottlenecks to optimise ocean shipments. End-to-end exception management capabilities enable easy troubleshooting into container delays, as well as measurement of key metrics such as on-time delivery and detention costs.
About FourKites
Leading supply chain visibility platform FourKites® extends visibility beyond transportation into yards, warehouses, stores and beyond. Tracking more than 2.8 million shipments daily across road, rail, ocean, air, parcel and courier, and reaching over 200 countries and territories, FourKites combines real-time data and powerful machine learning to help companies digitise their end-to-end supply chains. More than 1,100 of the world’s most recognised brands — including 9 of the top-10 CPG and 18 of the top-20 food and beverage companies — trust FourKites to transform their business and create more agile, efficient and sustainable supply chains. To learn more, visit https://www.fourkites.com/.
1 FourKites was ranked the leader in Gartner’s Critical Capabilities for Real-Time Transportation Visibility Platforms report for advanced use cases, including capabilities surrounding usability, implementation effort, partners and carrier networks.
Scott Johnston
FourKites European PR Director
+31 62 147 8442
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WIXOM, Mich.--(BUSINESS WIRE)--XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a residential solar provider of subscription-based services that make it easy for homeowners and small businesses to own and maintain rooftop solar and battery storage, today announced that it will release its third quarter 2022 financial results after market close on Wednesday, November 9, 2022. This release will be followed by a conference call hosted by members of the XL Fleet management team at 5:00 p.m. Eastern Time on Wednesday, November 9, 2022.
As recently announced, XL Fleet completed a transformational acquisition of Spruce Power, the largest privately held solar-as-a-service provider. Results for the third quarter of 2022 will include partial-quarter contribution from Spruce Power, reflective of the acquisition completed on September 9, 2022.
The call can be accessed live over the telephone by dialing (877) 510-3772, or for international callers, (412) 902-0125 and referencing XL Fleet. Alternatively, the call can be accessed via a live webcast accessible on the Events & Presentations page in the Investor Relations section of the Company’s website at www.xlfleet.com. A replay will be available shortly after the call and can be accessed by dialing (844) 512-2921, or for international callers, (412) 317-6671. The passcode for the replay is 10172165. The replay will be available until November 23, 2022. An archive of the webcast will be available for a period of time shortly after the call on the Investor Relations section of the Company’s website at www.xlfleet.com.
In connection with the acquisition of Spruce Power and implementation of the Company’s new corporate strategy, XL Fleet intends to change its corporate name and introduce a new brand identity. The Company’s new name will reflect its focus on providing subscription-based solutions for rooftop solar, energy storage, EV charging and other energy-related products to homeowners and small businesses.
About XL Fleet
XL Fleet is a residential solar provider of subscription-based services that make it easy for homeowners and small businesses to own and maintain rooftop solar and battery storage. Our as-a-service model allows consumers to access new technology without making a significant upfront investment or incurring maintenance costs. XL Fleet has more than 52,000 subscribers across the United States. For additional information, please visit www.xlfleet.com.
Forward Looking Statements
Certain statements in this press release may constitute “forward-looking statements” within the meaning of the federal securities laws. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of management and are not predictions of actual performance. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements, including but not limited to: expectations regarding the growth of the solar industry, home electrification, electric vehicles and distributed energy resources; the ability to successfully integrate the Spruce Power acquisition; the ability of XL Fleet to implement its plans, forecasts and other expectations with respect to Spruce Power’s business and realize the expected benefits of the acquisition; the ability to identify and complete future acquisitions; the ability to develop and market new products and services; the effects of pending and future legislation; the highly competitive nature of the Company’s business and markets; litigation, complaints, product liability claims and/or adverse publicity; cost increases or shortages in the components or chassis necessary to support the Company’s products and services; the introduction of new technologies; the impact of the COVID-19 pandemic on the Company’s business, results of operations, financial condition, regulatory compliance and customer experience; the potential loss of certain significant customers; privacy and data protection laws, privacy or data breaches, or the loss of data; general economic, financial, legal, political and business conditions and changes in domestic and foreign markets; the inability to convert its sales opportunity pipeline into binding orders; risks related to the rollout of the Company’s business and the timing of expected business milestones, including the ongoing global microchip shortage and limited availability of chassis from vehicle OEMs and our reliance on our suppliers; the effects of competition on the Company’s future business; the availability of capital; and the other risks discussed under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K filed on March 31, 2022, and other documents that the Company files with the SEC in the future. 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. These forward-looking statements speak only as of the date hereof and the Company specifically disclaims any obligation to update these forward-looking statements.
XL Fleet Investors:
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World Oil Awards 2022 Recognizes Expro’s Digital Technology CENTRI-FI™
HOUSTON--(BUSINESS WIRE)--$XPRO #XPRO--Leading energy services provider Expro (NYSE: XPRO) announced it won the Best Health, Safety, Environment/Sustainable Development Offshore award for its CENTRI-FI™ technology at the 2022 World Oil Awards in Houston.
The CENTRI-FI™ Consolidated Control Console is one of a suite of digitally intelligent well construction solutions in development as part of Expro’s strategy to adapt and adopt technologies to address today’s and tomorrow’s energy challenges.
CENTRI-FI™ is an intelligent digital command and control solution that allows the tong makeup, elevator and slips function, and a single joint elevator to be precisely controlled and operated via wireless control tablet. The operations are performed by a single operator, instead of three or four personnel.
Expro’s Chief Operating Officer Alistair Geddes said: “We are proud to have won this award, as it recognizes the great progress we are making to develop the future-facing technologies that address the needs of our customers, the industry and the planet.
“Technology advancements in digitalization and enhanced safety procedures are significantly impacting the energy industry. Segments such as drilling, well intervention and production are already witnessing massive gains from increased safety through digital transformation processes. Well construction has traditionally been a labor-intensive environment, and CENTRI-FI™ is an exceptional example of our ability to bring the benefits of automation to well construction operations.
“This technology is demonstrating its ability to enhance safety and support personnel reduction, while increasing operational efficiency, all of which have a direct financial impact. This industry recognition is welcomed and is a testament to the commitment of our teams as we continue to develop the strength and depth of our services and solutions portfolio.”
Expro was also shortlisted for Best Deepwater Technology for its 750-Ton J-Slot Tool and the New Horizons Idea Award for its GaleaTM Autonomous Well Intervention System.
Expro
Working for clients across the well life cycle, Expro is a leading provider of energy services, offering cost-effective, innovative solutions and what the Company considers to be best-in-class safety and service quality. The Company’s extensive portfolio of capabilities spans well construction, well flow management, subsea well access, and well intervention and integrity solutions.
With roots dating to 1938, Expro has approximately 7,200 employees and provides services and solutions to leading exploration and production companies in both onshore and offshore environments in approximately 60 countries.
For more information, please visit: expro.com and connect with Expro on Twitter @ExproGroup and LinkedIn @Expro.
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release, and oral statements made from time to time by representatives of the Company, may contain certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding, among other things, the Company’s environmental, social and governance goals, targets and initiatives, and the benefits and success of the Centri-FITM system and other technologies mentioned, and are indicated by words or phrases such as "anticipate," "outlook," "estimate," "expect," "project," "believe," "envision," "goal," "target," "can," "will," and similar words or phrases. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from the future results, performance or achievements expressed in or implied by such forward-looking statements. Forward-looking statements are based largely on the Company's expectations and judgments and are subject to certain risks and uncertainties, many of which are unforeseeable and beyond our control. The factors that could cause actual results, performance or achievements to materially differ include, among others the risk factors identified in the Company’s Annual Report on Form 10-K, Form 10-Q and Form 8-K reports filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, historical practice, or otherwise.
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CALGARY, Alberta--(BUSINESS WIRE)--(TSE: IMO, NYSE American: IMO) Brad Corson, chairman, president and chief executive officer, and Dave Hughes, vice-president, investor relations, Imperial Oil Limited, will host a 2022 Third Quarter Earnings Call on Friday, October 28, following the company’s third quarter earnings release that morning. The event begins at 9 a.m. MT and will be accessible by webcast.
During the call, Mr. Corson will offer brief remarks prior to taking questions from Imperial’s covering analysts.
Please click here [https://globalmeet.webcasts.com/starthere.jsp?ei=1570478&tp_key=915995d104] to register for the live webcast. The webcast will be available for one year on the company’s website at www.imperialoil.ca/en-ca/company/investors.
In the event that the EDGAR system experiences technical difficulties or the company is unable to successfully complete its Form 8-K earnings press release filing at the intended time, investors and the public should look for this information at that time on Imperial’s website or on Canada’s SEDAR system at www.sedar.com. In case of a failed filing, the company intends to furnish the information on EDGAR as soon as possible.
After more than a century, Imperial continues to be an industry leader in applying technology and innovation to responsibly develop Canada’s energy resources. As Canada’s largest petroleum refiner, a major producer of crude oil, a key petrochemical producer and a leading fuels marketer from coast to coast, our company remains committed to high standards across all areas of our business.
Source: Imperial
Investor relations
(587) 476-4743
Media relations
(587) 476-7010
BitNile to Distribute to its Stockholders Approximately 140 Million Shares and Warrants to Purchase an Equal Number of Shares of TurnOnGreen
LAS VEGAS--(BUSINESS WIRE)--$AP #140_million_shares--BitNile Holdings, Inc. (NYSE American: NILE), a diversified holding company (“BitNile” or the “Company”), announced that its subsidiary Imperalis Holding Corp. (to be renamed TurnOnGreen, Inc.) (“TurnOnGreen”), a publicly-traded company currently engaged in the design, development, manufacture and sale of power system solutions and electric vehicle charging stations, filed a Registration Statement on Form S-1 for the registration of 140 million Shares of its common stock and warrants to purchase 140 million shares of its common stock to be distributed as a dividend payable to the stockholders of BitNile common stock.
The shares are currently held by BitNile. Following the SEC declaring the Form S-1 effective, the shares and warrants of TurnOnGreen that BitNile shareholders will be receiving will be registered with the Securities and Exchange Commission, which will permit the BitNile shareholders, subject to certain securities laws and rules discussed in the prospectus, to sell these securities from time to time in either public or privately negotiated transactions.
The registration statement on Form S-1 has been filed with the SEC but is not yet effective. These securities may not be sold nor may offers to buy be accepted prior to the time the Form S-1 becomes effective. This press release shall not constitute an offer to sell nor the solicitation of an offer to buy the securities that are proposed to be registered on the Form S-1, nor shall there be any sale of such securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such state. Any offer of securities will occur solely by means of the prospectus included in the Form S-1 and any supplements thereto. When available, copies of the prospectus relating to the proposed offering may be obtained from the SEC’s website at www.sec.gov or from: TurnOnGreen, Inc., 1421 McCarthy Blvd., Milpitas, California 95035, or by calling (510) 657-2635.
For more information on BitNile and its subsidiaries, BitNile recommends that stockholders, investors, and any other interested parties read BitNile’s public filings and press releases available under the Investor Relations section at www.BitNile.com or available at www.sec.gov.
About BitNile Holdings, Inc.
BitNile Holdings, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, BitNile owns and operates a data center at which it mines Bitcoin and provides mission-critical products that support a diverse range of industries, including oil exploration, defense/aerospace, industrial, automotive, medical/biopharma, karaoke audio equipment, hotel operations and textiles. In addition, BitNile extends credit to select entrepreneurial businesses through a licensed lending subsidiary. BitNile’s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.BitNile.com.
About Imperalis Holding Corp.
Imperalis Holding Corp., to be renamed TurnOnGreen, Inc., designs and manufactures innovative, feature-rich, and top-quality power products for mission-critical applications, lifesaving and sustaining applications spanning multiple sectors in the harshest environments. The diverse markets we serve include defense and aerospace, medical and healthcare, industrial, telecommunications and e-Mobility. The Company brings decades of experience to every project, working with our clients to develop leading-edge products to meet a wide range of needs. The Company’s headquarters are located at Milpitas, CA; www.TurnOnGreen.com.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at www.BitNile.com.
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ST. JOHN’S, Newfoundland and Labrador--(BUSINESS WIRE)--$ARR.TO--Altius Renewable Royalties Corp. (TSX: ARR) (OTCQX: ATRWF) (“ARR”, the “Company”, or the “Corporation”), expects to report Q3 2022 attributable royalty revenue of $1.6 million, which compares to $0.03 million of attributable royalty revenue recorded in Q3 2021 and $0.6 million in Q2 2022. Revenue in the third quarter exceeded the total revenue for the first half of the year, driven primarily by strong summer merchant power prices. As a result, the 50% owned Great Bay Renewables (“GBR”) joint venture has increased its 2022 annual royalty revenue guidance to $6.5 - $7.0 million from the $4.5 – $5.5 million previously provided.
Frank Getman, CEO of GBR, commented, “We are pleased with the performance of our growing portfolio of diversified renewable energy royalties. We are benefitting from partial exposure in our royalty portfolio to higher than anticipated merchant power prices, particularly in Texas.” Getman added, “Three additional projects with a total capacity of 975 megawatts are expected to hit commercial operations over the next six months, thus adding to the revenue growth in 2023. In addition, with a significant portfolio of advancing development stage projects, we believe we are well positioned for continued revenue growth for the foreseeable future.”
Third Quarter Financial Results Conference Call and Webcast Details
A conference call and webcast will be held on November 8, 2022 at 10:00 am ET to provide an update and to offer an open Q&A session for analysts and investors. Access details are as follows:
Date and time: November 8, 2022, 10 am ET
Toll Free Dial-In Number: +1 888 886 7786
International Dial-In Number: +1 416 764 8658
Conference Call Title and ID: ARR Q3 2022 Results, ID 44414561
Webcast Link: Q3 2022 Financial Results
Non-GAAP Financial Measures
1Management uses the following non-GAAP financial measure in this release: attributable royalty revenue. Attributable revenue is defined by the Corporation as total revenue and other income from the condensed consolidated financial statements plus the Corporation’s proportionate share of revenue in the joint venture. Attributable royalty revenue is the portion of total revenue that derives from royalty revenue, rather than interest or other revenue. The Corporation’s key decision makers use attributable royalty revenue as a basis to evaluate the business performance. The joint venture revenue and general and administrative costs are not reported gross in the consolidated statement of (loss) since they are generated in a joint venture in accordance with IFRS 11 Joint Arrangements which requires net reporting as an equity pick up. Management uses this measure to reflect the Corporation’s economic interest in its operations prior to the application of equity accounting to help allocate financial resources and provide investors with information that it believes is useful in understanding the scope of its business, irrespective of the accounting treatment. Details of the joint venture’s operations are disclosed in Note 4 to the Corporation’s condensed consolidated financial statements.
About ARR
ARR is a renewable energy royalty company whose business is to provide long-term, royalty-level investment capital to renewable power developers, operators, and originators. ARR currently has 31 renewable energy royalties representing 665 MW of renewable power on operating projects and an additional approximately 6 GW on projects in the development phase, across several regional power pools in the U.S. The Corporation also expects future royalties from GBR’s investments in Bluestar Energy Capital and Hodson Energy. The Corporation combines industry expertise with innovative, partner-focused solutions to further the growth of the renewable energy sector as it fulfills its critical role in enabling the global energy transition.
Forward-looking information
This news release contains forward‐looking information. The statements are based on reasonable assumptions and expectations of management and ARR provides no assurance that actual events will meet management's expectations. In certain cases, forward‐looking information may be identified by such terms as "anticipates", "believes", "could", "estimates", "expects", "may", "shall", "will", or "would". Although ARR believes the expectations expressed in such forward‐looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those projected. Readers should not place undue reliance on forward-looking information. ARR does not undertake to update any forward-looking information contained herein except in accordance with securities regulation.
Flora Wood
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Ben Lewis
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DALLAS--(BUSINESS WIRE)--AECOM (NYSE: ACM), the world’s trusted infrastructure consulting firm, announced today its joint venture with W.M. Lyles has been awarded a contract amendment by the Joint Powers Authority to support the East County Advanced Water Purification Program in San Diego, California. In this role, the team plans to extend its current services for the program, which aims to create a new, local, sustainable, and drought-proof drinking water supply using state-of-the-art technology to purify East County’s recycled water.
“The East County Advanced Water Purification Program is one of the first surface water augmentation projects in the U.S., and we’re proud to be involved in this collaborative effort that will help provide the region with water security for decades to come,” said Lara Poloni, AECOM’s president. “As California continues to face unpredictable precipitation, this project will serve as a model of water recycling and reuse throughout the state and across the nation. We’re pleased to provide comprehensive solutions rooted in science, innovation, and partnership to help the project succeed.”
The program, which recently broke ground, includes a new water recycling facility, biosolids processing, an advanced water purification facility, and conveyance infrastructure, including pipelines and pumping stations. The joint venture’s scope is expected to include final design, construction management, startup, and commissioning. The team has been involved in the project since 2020, previously providing preliminary engineering, permitting, and cost estimating services.
“The East County Advanced Water Purification Program is the result of many years of strategic planning, and we’re thrilled to have celebrated its recent groundbreaking along with the project’s partners and stakeholders,” said Beverley Stinson, chief executive of AECOM’s global Water business. “As we look toward the program’s next milestones, we’re honored to continue our partnership with the Joint Powers Authority and look forward to delivering services in support of its objective of providing clean, pure, reliable, and high-quality drinking water to the community.”
Scheduled to be completed in 2026, the East County Advanced Water Purification Program is expected to generate up to 11.5 million gallons of purified water per day – diversifying the region’s water supply, reducing dependence on imported water, and meeting approximately 30-percent of current drinking water supply for East San Diego County residents and businesses. The program partners are comprised of Padre Dam Municipal Water District, the City of El Cajon, the County of San Diego, and Helix Water District.
About AECOM
AECOM (NYSE: ACM), is the world’s trusted infrastructure consulting firm, delivering professional services throughout the project lifecycle – from planning, design and engineering to program and construction management. On projects spanning transportation, buildings, water, new energy and the environment, our public- and private-sector clients trust us to solve their most complex challenges. Our teams are driven by a common purpose to deliver a better world through our unrivaled technical expertise and innovation, a culture of equity, diversity and inclusion, and a commitment to environmental, social and governance priorities. AECOM is a Fortune 500 firm and its Professional Services business had revenue of $13.3 billion in fiscal year 2021. See how we are delivering sustainable legacies for generations to come at aecom.com and @AECOM.
Forward-Looking Statements
All statements in this communication other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including any statements of the plans, strategies and objectives for future operations, profitability, strategic value creation, coronavirus impacts, risk profile and investment strategies, and any statements regarding future economic conditions or performance, and the expected financial and operational results of AECOM. Although we believe that the expectations reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include, but are not limited to, the following: our business is cyclical and vulnerable to economic downturns and client spending reductions; impacts caused by the coronavirus and the related economic instability and market volatility, including the reaction of governments to the coronavirus, including any prolonged period of travel, commercial or other similar restrictions, the delay in commencement, or temporary or permanent halting of construction, infrastructure or other projects, requirements that we remove our employees or personnel from the field for their protection, and delays or reductions in planned initiatives by our governmental or commercial clients or potential clients; losses under fixed-price contracts; limited control over operations run through our joint venture entities; liability for misconduct by our employees or consultants; failure to comply with laws or regulations applicable to our business; maintaining adequate surety and financial capacity; potential high leverage and inability to service our debt and guarantees; ability to continue payment of dividends; exposure to political and economic risks in different countries, including tariffs; currency exchange rate and interest fluctuations; retaining and recruiting key technical and management personnel; legal claims; inadequate insurance coverage; environmental law compliance and inadequate nuclear indemnification; unexpected adjustments and cancellations related to our backlog; partners and third parties who may fail to satisfy their legal obligations; AECOM Capital’s real estate development; managing pension cost; cybersecurity issues, IT outages and data privacy; risks associated with the benefits and costs of various dispositions such as the sale of our Management Services, self-perform at-risk civil infrastructure, power construction, and oil and gas construction businesses, including the risk that purchase price adjustments, if any, from those transactions could be unfavorable and any future proceeds owed to us as part of those transactions could be lower than we expect; as well as other additional risks and factors that could cause actual results to differ materially from our forward-looking statements set forth in our reports filed with the Securities and Exchange Commission. Any forward-looking statements are made as of the date hereof. We do not intend, and undertake no obligation, to update any forward-looking statement.
Media Contact:
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1.213.996.2367
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Investor Contact:
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PARIS--(BUSINESS WIRE)--BYD (Build Your Dreams) arrives in Europe with three complete new pure-electric passenger vehicles. From the eye-catching contemporary stand in hall 4 of the Parc des Expositions in the center of the City of Lights, BYD, the world’s leading manufacturer of new energy vehicles and power batteries, unveils its innovative and technologically-advanced electric car range to customers in Europe. This includes the BYD ATTO 3, a C-segment SUV, designed with the European customer in mind, the BYD TANG, a 7-seater with variable all-wheel drive and the sleek and sporty sedan BYD HAN.
BYD is founded in 1995 as a pioneer in battery technology, BYD’s mission is to influence change through sustainable innovation by creating a complete, clean-energy ecosystem that reduces the world’s reliance on fossil fuels. In Europe, BYD is dedicated to making mobility solutions emission-free. Over the past 27 years, BYD has focused on mastering advanced technologies spanning batteries, electric motors, electronic control systems and semiconductor chips.
BYD is a high-tech brand
BYD is not just another car manufacturer. Emerging from this considerable research and development is the ground-breaking Blade Battery which is revolutionizing safety, durability and performance in the EV industry. This works in close synergy with BYD’s exceptional competency in electric powertrain technology for the ultimate in system efficiency and integrated vehicle intelligence. Combined, this integrated technology has been developed to deliver optimum performance and a better driving experience. Notably, BYD owns the vertical supply chain for seamless integration and manufacturing control, including the production of semiconductors.
Driving this innovation in technology, is a sincere commitment from BYD to provide safe and appealing solutions that reduce pollution from carbon emissions and address the issue of climate change, supporting the initiative to Cool the Earth by 1℃. The green dream has long been a priority for BYD and is the vision for the future. For over two decades, BYD has been at the forefront of sustainable innovation. In 2008, BYD launched the world’s first mass-produced plug-in hybrid at the Geneva Motor Show. BYD was also the first automotive OEM in the world to announce it would be ceasing production of ICE vehicles this year to focus on BEV and PHEV products. BYD is the first, and only company in the world, to provide full market new energy vehicle solutions.
Global leader in new energy vehicles
BYD is the global leader in new energy vehicles (NEVs), and the third largest auto brand in the world based on market capitalisation. BYD has ranked as number one for sales of new energy vehicles in China for 9 consecutive years.
Globally, BYD has committed to more than 2.6 million new energy passenger cars, reinforcing the brand’s credentials as it enters new markets in Europe. The BYD footprint now covers six continents, more than 70 countries and over 400 cities saving the equivalent of more than 14 million tonnes in carbon emissions. BYD achieved listing on Fortune Global 500 in 2021.
The European market is not entirely new to BYD. BYD’s European headquarters are based in Rotterdam in the Netherlands; its home since 1998 with branches in the UK, France, Germany, Italy and Sweden, as well as a high-tech manufacturing facility for its thriving eBus business in Hungary. During this time, BYD has established numerous collaborations with European partners, and gained a thorough understanding of customer expectations in Europe.
BYD is a true explorer when it comes to cleaner energy and has major aspirations for the future. This joins seamlessly perfect with the mobility goals of its automotive partners in Europe: Louwman Group in the Netherlands. Hedin Mobility Group in Sweden and Germany, Nic. Christiansen Group in Denmark, RSA in Norway, Inchcape in Belgium and Luxembourg, Denzel in Austria and Shlomo Motors in Israel.
Living up to the expectations of the European customer
Michael Shu, General Manager and Managing Director, BYD Europe and International Cooperation Division, says: “BYD comes to Europe with a full range of new electric cars, that live up to the high expectations of our customers. We introduce vehicles that are reliable, practical and comfortable with premium equipment as a standard feature. We have high respect for the European auto industry and its ecosystem, including design, R&D, manufacturing, sales, aftersales network, and services. Our strategy is to work with established and respected local dealers who share our vision, to provide high levels of customer service. Therefore, BYD has prepared the European market entry with care. With our car design, our technology, our services and our dealer partners BYD will try to stand out from the crowd and offer the best possible experience to European consumers.”
For specific prices and specifications per country please look at www.byd.com and contact BYD local dealers.
About BYD
BYD is a multinational high-tech company devoted to leveraging technological innovations for a better life. Founded in 1995 as a rechargeable battery maker, BYD now boasts a diverse business scope covering automobiles, rail transit, new energy, and electronics, with over 30 industrial parks in China, the United States, Canada, Japan, Brazil, Hungary, and India. From energy generation and storage to its applications, BYD is dedicated to providing zero-emission energy solutions that reduce global reliance on fossil fuels. Its new energy vehicle footprint now covers 6 continents, over 70 countries and regions, and more than 400 cities. Listed in both Hong Kong and Shenzhen Stock Exchanges, the company is known to be a Fortune Global 500 enterprise that furnishes innovations in pursuit of a greener world.
About BYD Auto
Founded in 2003, BYD Auto is the automotive subsidiary of BYD, a multinational high-tech company devoted to leveraging technological innovations for a better life. Aiming to accelerate the green transition of the global transportation sector, BYD Auto focuses on developing pure electric and plug-in hybrid vehicles. The company has mastered the core technologies of the entire industrial chain of new energy vehicles, such as batteries, electric motors, electronic controllers, and automotive-grade semiconductors. It has witnessed in recent years significant technological advancements, including the Blade Battery, the DM-i and DM-p hybrid technology, the e-Platform 3.0, and the CTB technology. The company is the world’s first carmaker to stop the production of fossil-fuelled vehicles on EV shift and has remained top of new energy passenger vehicle sales in China for 9 years in a row.
About BYD Europe
BYD Europe is headquartered in the Netherlands and is the first overseas branch of BYD Group, with a commitment to deliver safe and efficient sustainable solutions in new energy vehicles through world-leading technological innovations.
For more information, please visit www.byd.com.
Europe: Penny Peng, This email address is being protected from spambots. You need JavaScript enabled to view it. tel: +31-102070888
DUBLIN--(BUSINESS WIRE)--The "Thailand DG Set Market Size and Share Analysis by Power Rating (5-75 ¬kVA,76-375 kVA, 376-750 kVA, Above 750 kVA), Application (Commercial, Industrial, Residential) - Forecast Through 2030" report has been added to ResearchAndMarkets.com's offering.
In 2021, the market was valued at $158.3 million, and it is likely to reach $236.9 million by 2030, advancing at a compound annual growth rate of 4.6% from 2021 to 2030.
This is credited to the growing demand for standalone and backup power sources, chiefly in workplaces, housing buildings, retail outlets, hotels, and hospitals. The country is one of the major tourist destinations around the globe. The tourism industry has seen an average growth of 13% per year since 2010, and it contributes a momentous proportion to the GDP of the nation.
Variants with a power rating above 750 kVA accounted for the largest share in the Thailand DG set market in the recent past, and this category would grow by over 4% from 2021 to 2030. This will chiefly be owing to the high need for power in the manufacturing sector. Thailand is among the principal manufacturers of advanced products, particularly electronics and automobiles. Moreover, the nation is focused on the production of other value-added things, which encourages startups to strengthen their manufacturing footprint, thereby driving genset sales.
The largest Thailand DG set market share, of over 40%, was accounted for by the commercial sector in 2021, and it will grow at a rate of around 5% from 2021 to 2030. The commercial sector of the country has been showing positive progress since 2015 on account of the increasing number of restaurants and shopping malls. Moreover, tourism is the key aspect behind the prosperity of the commercial sector. With the rising count of hotels, restaurants, and shopping malls, the need for DG sets in these buildings is on the rise.
Investments by property companies and the government are increasing in the residential industry. The progress of this sector is supplemented by the commercial sector's advance, as it is pushing the requirement for urban and semi-urban housing, which, subsequently, propels the need for DG sets. PPP infrastructure projects in the kingdom have invested a total of $28 billion over the past two decades. A substantial part of this investment was for the housing sector, as per a report.
The growing count of tourists is generating growth opportunities for the hospitality industry in the nation. The establishment of new resorts, hotels, and other pieces of infrastructure would drive the demand for power backup solutions in the country once they are opened to the general public. Another main contributing factor to the progress of the Thailand DG set market is the increasing requirement for power generation systems in areas with no or varying grid supply.
Market Dynamics
Trends
Drivers
Restraints
Key Topics Covered:
Chapter 1. Research Background
Chapter 2. Research Methodology
Chapter 3. Executive Summary
Chapter 4. Industry Outlook
4.1 Voice of Industry Experts/KOLS
4.2 Definition of Market Segments
4.2.1 By Power Rating
4.2.1.1 5-75 kVA
4.2.1.2 76-375 kVA
4.2.1.3 376-750 kVA
4.2.1.4 Above 750 kVA
4.2.2 By Application
4.2.2.1 Commercial
4.2.2.1.1 Retail establishments
4.2.2.1.2 Offices
4.2.2.1.3 Telecom towers
4.2.2.1.4 Hospitals
4.2.2.1.5 Hotels
4.2.2.1.6 Others
4.2.2.2 Industrial
4.2.2.2.1 Manufacturing
4.2.2.2.2 Energy & power
4.2.2.2.3 Others
4.2.2.3 Residential
Chapter 5. Thailand Market Size and Forecast
5.1 Overview
5.2 Market Volume, by Power Rating (2017-2030)
5.3 Market Revenue, by Power Rating (2017-2030)
5.4 Market Volume, by Application (2017-2030)
5.4.1 Commercial Market Volume, by User
5.4.2 Commercial Market Volume, by Power Rating
5.4.3 Industrial Market Volume, by User
5.4.4 Industrial Market Volume, by Power Rating
5.5 Market Revenue, by Application (2017-2030)
5.5.1 Commercial Market Revenue, by User
5.5.2 Commercial Market Revenue, by Power Rating
5.5.3 Industrial Market Revenue, by User
5.5.4 Industrial Market Revenue, by Power Rating
Chapter 6. Competitive Landscape
6.1 List of Market Players and Their Offerings
6.2 Market Share Analysis of Key Players
6.3 Recent Strategic Developments of Key Players
Chapter 7. Company Profiles
7.1 Business Overview
7.2 Product and Service Offerings
7.3 Key Financial Summary
For more information about this report visit https://www.researchandmarkets.com/r/p75lp0
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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BOSTON & LONDON--(BUSINESS WIRE)--Berkshire Hathaway Specialty Insurance (BHSI) today announced that it has appointed Pedro Mairos as Global Underwriting Officer, Marine. He was previously Head of Marine for the UK & Ireland at BHSI.
“Our large global footprint coupled with the substantial growth of our Marine business made now the optimal time to deepen the global leadership of our marine underwriting team worldwide,” said Dean LaPierre, Chief Underwriting Officer, Property & Marine, BHSI. “We are pleased to have such a deep bench of talent across both underwriting and claims to service our marine customers and brokers in local markets around the globe.”
Pedro joined BHSI in 2019. He has more than two decades of experience in the global marine market, including Europe, Asia and the Middle East. He will continue to be based in London and can be reached at This email address is being protected from spambots. You need JavaScript enabled to view it..
BHSI offers a full range of marine insurance products worldwide, including inland transit, motor truck cargo, warehouse legal liability, builder’s risk, contractor’s equipment, ocean cargo, stock throughputs, project cargo, and marine equipment, including subsea equipment.
Berkshire Hathaway Specialty Insurance (www.bhspecialty.com) provides commercial property, casualty, healthcare professional liability, executive and professional lines, transactional liability, surety, marine, travel, programs, accident and health, medical stop loss, homeowners, and multinational insurance. The actual and final terms of coverage for all product lines may vary. It underwrites on the paper of Berkshire Hathaway's National Indemnity group of insurance companies, which hold financial strength ratings of A++ from AM Best and AA+ from Standard & Poor's. Based in Boston, Berkshire Hathaway Specialty Insurance has offices in Atlanta, Boston, Chicago, Houston, Indianapolis, Irvine, Los Angeles, New York, San Francisco, San Ramon, Seattle, Stevens Point, Adelaide, Auckland, Brisbane, Brussels, Cologne, Dubai, Dublin, Frankfurt, Hong Kong, Kuala Lumpur, London, Lyon, Macau, Madrid, Manchester, Melbourne, Munich, Paris, Perth, Singapore, Sydney, Toronto, and Zurich.
MEDIA
JoAnn Lee
+1 617.936.2937
Non-aqueous solvent technology drives carbon capture cost reductions across hard-to-abate industries
HOUSTON--(BUSINESS WIRE)--Schlumberger announced today that it has entered into an agreement with RTI International, a nonprofit research institute, to accelerate the industrialization and scale-up of its proprietary non-aqueous solvent (NAS) technology, which enhances the efficiency of absorption-based carbon capture. The NAS technology will be applicable to capture CO2 across a broad variety of industrial emissions.
“With the world’s carbon budget running out, reducing emissions is a societal imperative,” said Gavin Rennick, president of Schlumberger’s New Energy business. “Carbon capture technologies are a key enabler in realizing a low carbon future—and we are excited about this exclusive agreement to work with RTI on industrializing and scaling this innovative carbon absorption technology, and bringing it to market.”
The NAS technology offers a compelling alternative to conventional aqueous solvent technologies for carbon capture, as it consumes less energy while retaining high CO2 capacity, resulting in a material reduction in operating costs. The NAS technology is also less corrosive—eliminating the need for high-grade corrosion-resistant alloys and the associated increase in capital costs. This enhances the overall economics of carbon capture, utilization and storage (CCUS) projects.
“RTI has developed the innovative NAS technology over the past 12 years, progressing from lab scale to large engineering scale,” said Dr. Marty Lail, senior director of RTI’s Decarbonization Sciences program. “NAS technology uses as much as 40% less energy during the CO2 capture process. High capture efficiency at lower energy cost is critical for widespread commercial use of carbon capture solvents.”
As part of an engineering-scale carbon capture demonstration funded by the U.S. Department of Energy, NAS technology was able to remove >99% of the CO2 from natural gas combustion exhaust streams—the highest capture efficiency reported for any carbon capture solvent technology for this application.
RTI and Schlumberger will collaborate to develop models that enable fast design and process customization to achieve a step-change in CO2 capture operations while leveraging Schlumberger’s global footprint to expand market opportunities for the technology.
About Schlumberger
Schlumberger (NYSE: SLB) is a technology company that partners with customers to access energy. Our people, representing over 160 nationalities, are providing leading digital solutions and deploying innovative technologies to enable performance and sustainability for the global energy industry. With expertise in more than 120 countries, Schlumberger collaborates to create technology that unlocks access to energy for the benefit of all. In the world of new energy, Schlumberger leverages its intellectual and business capital to focus on low-carbon and carbon-neutral technologies, including ventures in the domains of hydrogen, lithium, energy storage, carbon capture, utilization and sequestration, geothermal power and geoenergy.
For more information, visit www.newenergy.slb.com
About RTI International
RTI International is an independent, nonprofit research institute dedicated to improving the human condition. Clients rely on us to answer questions that demand an objective and multidisciplinary approach — one that integrates expertise across the social and laboratory sciences, engineering and international development. We believe in the promise of science, and we are inspired every day to deliver on that promise for the good of people, communities and businesses around the world.
For more information, visit www.rti.org.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the U.S. federal securities laws — that is, statements about the future, not about past events. Such statements often contain words such as “expect,” “may,” “can,” “estimate,” “intend,” “anticipate,” “will,” “potential,” “projected" and other similar words. Forward-looking statements address matters that are, to varying degrees, uncertain, such as forecasts or expectations regarding the deployment of, or anticipated benefits of, carbon capture technologies and partnerships; statements about goals, plans and projections with respect to sustainability and environmental matters; forecasts or expectations regarding energy transition and global climate change; and improvements in operating procedures and technology. These statements are subject to risks and uncertainties, including, but not limited to, the inability to achieve net-negative carbon emissions goals; the inability to recognize intended benefits of carbon capture strategies, initiatives or partnerships; legislative and regulatory initiatives addressing environmental concerns, including initiatives addressing the impact of global climate change; the timing or receipt of regulatory approvals and permits; and other risks and uncertainties detailed in the companies’ public filings, including Schlumberger’s most recent Forms 10-K, 10-Q and 8-K filed with or furnished to the U.S. Securities and Exchange Commission. If one or more of these or other risks or uncertainties materialize (or the consequences of such a development changes), or should underlying assumptions prove incorrect, actual outcomes may vary materially from those reflected in our forward-looking statements. The forward-looking statements speak only as of the date of this press release, the parties disclaim any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.
Media
Moira Duff – Director of External Communication, Schlumberger Limited
Tel: +1 (713) 375-3407
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Kerry Branon – Media Relations Manager, RTI International
Tel: +1 (919) 708-8205
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Investors
Ndubuisi Maduemezia – Vice President of Investor Relations, Schlumberger Limited
Joy V. Domingo – Director of Investor Relations, Schlumberger Limited
Tel: +1 (713) 375-3535
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Virtual Presentations To Be Held October 19, 20 & 24
LOS ANGELES--(BUSINESS WIRE)--$CGRN #Biogas--Capstone Green Energy Corporation (NASDAQ: CGRN), a global leader in carbon reduction and on-site resilient green energy solutions, will be participating in three separate Renmark Financial Communications Inc.'s live Virtual Non-Deal Roadshow Series to discuss its latest investor presentation on Wednesday, October 19 at 1:00 p.m. PT; Thursday, October 20 at 2:00 p.m. ET; and Monday, October 24 at 12:00 p.m. MT. Capstone welcomes all stakeholders, investors, and other interested individuals to register and attend this live event.
The presentation will feature Darren Jamison, President and CEO. The investor presentation will be followed by a live Q&A. Investors interested in participating in this event will need to register using the links below. As a reminder, registration for the live event may be limited and access to the replay after the event will be on the Investor Relations section of the Company's website.
Wednesday, October 19 at 1:00 p.m. PT
Register Here: https://bit.ly/CGRNvndrOCT19
Thursday, October 20 at 2:00 p.m. ET
Register Here: https://bit.ly/CGRNvndrOCT20
Monday, October 24 at 12:00 p.m. MT
Register Here: https://bit.ly/CGRNvndrOCT24
To ensure smooth connectivity, please access this link using the latest version of Google Chrome.
About Capstone Green Energy
Capstone Green Energy (NASDAQ: CGRN) is a leading provider of customized microgrid solutions and on-site energy technology systems focused on helping customers around the globe meet their environmental, energy savings, and resiliency goals. Capstone Green Energy focuses on four key business lines. Through its Energy as a Service (EaaS) business, it offers rental solutions utilizing its microturbine energy systems and battery storage systems, comprehensive Factory Protection Plan (FPP) service contracts that guarantee life-cycle costs, as well as aftermarket parts. Energy Generation Technologies (EGT) are driven by the Company's industry-leading, highly efficient, low-emission, resilient microturbine energy systems offering scalable solutions in addition to a broad range of customer-tailored solutions, including hybrid energy systems and larger frame industrial turbines. The Energy Storage Solutions (ESS) business line designs and installs microgrid storage systems creating customized solutions using a combination of battery technologies and monitoring software. Through Hydrogen & Sustainable Products (H2S), Capstone Green Energy offers customers a variety of hydrogen products, including the Company's microturbine energy systems.
To date, Capstone has shipped over 10,000 units to 83 countries and estimates that in FY22, it saved customers over $213 million in annual energy costs and approximately 388,000 tons of carbon. Total savings over the last four years are estimated to be approximately $911 million in energy savings and approximately 1,503,100 tons of carbon savings.
For customers with limited capital or short-term needs, Capstone offers rental systems; for more information, contact: This email address is being protected from spambots. You need JavaScript enabled to view it..
For more information about the Company, please visit www.CapstoneGreenEnergy.com. Follow Capstone Green Energy on Twitter, LinkedIn, Instagram, Facebook, and YouTube.
About Renmark Financial Communications Inc.
Founded in 1999, Renmark Financial Communications Inc. is North America's leading retail investor relations firm. Employing a strategic and comprehensive mix of exposure tactics; Renmark hosts Virtual Non-Deal Roadshows as well as in-person corporate presentations and maintains daily communications with thousands of brokers and money managers across Canada and the United States. Renmark empowers its publicly traded clientele to maximize their visibility within the financial community and strengthen their investor audience.
Renmark Financial Communications Inc.
Scott Logan: This email address is being protected from spambots. You need JavaScript enabled to view it.
Tel.: (416) 644-2020 or (212) 812-7680
www.renmarkfinancial.com
Capstone Green Energy
Investor and investment media inquiries:
818-407-3628
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DUBLIN--(BUSINESS WIRE)--The "Smart Gas Meter 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 smart gas meter market.
The global smart gas meter market is expected to grow from $3.38 billion in 2021 to $3.73 billion in 2022 at a compound annual growth rate (CAGR) of 10.4%. The smart gas meter market is expected to grow to $4.87 billion in 2026 at a CAGR of 6.9%.
Companies Mentioned
Reasons to Purchase
The smart gas meter market consists of sales of smart gas meters by entities (organizations, sole traders, and partnerships) that are used to measure how much energy is used in the industry and what it costs. It also provides automatic meter readings. A smart gas meter refers to an electronic device that records information such as consumption of electric energy, voltage levels, current, power factor, and gas usage. This helps in providing information to the consumer, which helps to get greater clarity on the consumption and usage of gas.
The main types of smart gas meters are smart ultrasonic gas meters and smart diaphragm gas meters. A Smart ultrasonic gas meter is a small static gas meter that uses ultrasonic measurement for the measurement of energy in residential areas where gas is used as a source of energy. The different components include hardware, and software, which comprise various techniques such as automated meter reading (AMR), and advanced metering infrastructure (AMI). The several applications include residential, commercial, and industrial.
Europe was the largest region in the smart gas meter market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart gas meter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The smart gas meter market research report is one of a series of new reports that provides smart gas meter market statistics, including global market size, regional shares, competitors with a smart gas meter market share, detailed smart gas meter market segments, market trends and opportunities, and any further data you may need to thrive in the smart gas meter industry. This smart gas meter 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 supporting government policies are expected to propel the growth of the smart gas meter market going forward. Government policies are the initiatives or policies issued by the government of any country concerning the growth of a particular market. Many government policies are designed by different governments in support of smart gas meters. Through these policies, the government provides smart gas meters for customers at subsidy rates.
Partnerships and collaborations between the companies are the latest trends gaining popularity in the smart gas meter. Major companies operating in the smart gas meter market are entering into partnerships and collaborations to sustain their business in the market.
In August 2021, Adani Total, an India-based company that manufactures petroleum, gas-related products, and smart gas meters, acquired Smartmeters Technologies Pvt Ltd for a deal amount of US $128,700 (1 crore). The acquisition strengthens Adani Total's ability to produce smart gas meters which helps to develop prepaid smart meters. Smartmeters Technologies Pvt Ltd is an India-based company that manufactures smart measuring instruments such as prepaid smart gas meters and allied goods with end-to-end solutions.
The countries covered in the smart gas meter market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
For more information about this report visit https://www.researchandmarkets.com/r/f63r0l
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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SAN ANTONIO--(BUSINESS WIRE)--Howard Energy Partners (HEP) today announced the appointment of Herbie Goldstein as Senior Vice President and Chief Financial Officer. In his new role, Goldstein will be responsible for all finance and accounting functions of the company, including strategic planning, corporate development, capital origination, investor relations, financial reporting, and tax.
Since joining HEP in 2016, Goldstein has led the corporate development and M&A efforts for the company. During his tenure, he has overseen the deal evaluation and structuring of over $2 billion of greenfield projects and M&A transactions. Last year, while carrying the title of interim Chief Financial Officer, Goldstein successfully led the execution of the company’s $400 million inaugural senior unsecured notes offering and an extension of its $1 billion revolving credit facility. Previously, Goldstein worked in the energy investment banking group at RBC Capital Markets, where he advised on over $20 billion of capital markets transactions and over $3 billion of M&A transactions in the U.S. midstream and energy infrastructure space.
“I am excited about the opportunity this role represents for both Herbie and our company,” said HEP Chairman and CEO Mike Howard. “Herbie has been instrumental in the growth of Howard Energy Partners, and over the past year he has demonstrated his ability to lead high-performing teams and execute on our strategic initiatives. Herbie’s financial and industry expertise, coupled with his collaborative leadership approach, make him uniquely qualified to serve as our CFO as we continue to scale our platform of critical energy infrastructure assets.”
About Howard Energy Partners
San Antonio-based Howard Midstream Energy Partners, LLC d/b/a Howard Energy Partners is a diversified, growth-oriented energy company focused on providing innovative midstream solutions to its customers. Howard Energy Partners owns and operates natural gas and crude oil pipelines, natural gas processing plants, refined products storage terminals, deep-water dock and rail facilities, fractionation facilities, hydrogen production facilities, renewable diesel logistics facilities, and other related midstream assets in Texas, New Mexico, Oklahoma, Pennsylvania and Mexico. The company has corporate offices in San Antonio and Houston, Texas and Monterrey, Mexico. For more information on Howard Energy Partners and our mission to deliver positive energy, please visit our website at www.howardenergypartners.com.
Meggan Morrison
Redbird Communications Group
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HOUSTON--(BUSINESS WIRE)--Archaea Energy Inc. (“Archaea”) (NYSE: LFG), an industry-leading renewable natural gas (“RNG”) company, today announced that it has agreed to be acquired by bp (NYSE: BP) for approximately $26 per Archaea Class A and Class B share in cash, or a total enterprise value of approximately $4.1 billion, including approximately $800 million of net debt. The cash consideration represents an approximately 38 percent premium to Archaea’s volume weighted average share price for the 30 days ending October 14, 2022.
Nick Stork, Chief Executive Officer and Co-Founder of Archaea, said, “Archaea was founded with a mission to build the world’s leading RNG development company to reduce global emissions and make multi-generational sustainability impacts. In a very short period of time, we have rapidly become a leading RNG platform in the U.S., and today’s announcement will further enable this business to realize its full potential. bp is a world-class partner and a strong fit for Archaea, with a strategic focus on bioenergy and an operational history in the RNG value chain that is fully aligned with ours and our partners’. We are excited to join them in our mission to increase the role of RNG in helping customers reach their long-term climate goals, and I look forward to our hard-working team joining the bp organization to help achieve their bioenergy objectives. I am incredibly proud of our employees at Archaea who have driven this tremendous value creation and will continue to push forward Archaea’s drive to foster clean energy growth and promote domestic energy reliance.”
Daniel Rice, Chairman of Archaea’s Board, said, "After a thorough review, our Board determined that combining Archaea’s RNG assets and our strong development backlog with bp’s existing bioenergy business and deep operational and financial resources is the best way to create a stronger platform to achieve Archaea’s full potential, while maximizing value for our shareholders. Today’s news would not be possible without the entire Archaea organization, our best-in-class employees and our industry partners.”
Strategic Benefits for Archaea and its stakeholders
Additional Transaction Details
Subject to regulatory approvals and Archaea shareholder approval, the parties are targeting closing the acquisition by the end of 2022. Certain existing Archaea shareholders, who collectively own approximately 27% of Archaea’s outstanding shares, have agreed to vote their shares in favor of the transaction. Closing is not subject to any financing condition.
Upon completion of the transaction, Archaea will operate as a subsidiary within bp and become part of the larger global organization.
Advisors
BofA Securities acted as financial advisor to Archaea and Kirkland & Ellis LLP acted as Archaea’s legal advisor.
About Archaea Energy
Archaea Energy Inc. is one of the largest RNG producers in the U.S., with an industry-leading platform and expertise in developing, constructing, and operating RNG facilities to capture waste emissions and convert them into low carbon fuel. Archaea’s innovative, technology-driven approach is backed by significant gas processing expertise, enabling Archaea to deliver RNG projects that are expected to have higher uptime and efficiency, faster project timelines, and lower development costs. Archaea partners with landfill and farm owners to help them transform potential sources of emissions into RNG, transforming their facilities into renewable energy centers. Archaea’s differentiated commercial strategy is focused on long-term contracts that provide commercial partners a reliable, non-intermittent, sustainable decarbonizing solution to displace fossil fuels.
Additional information is available at www.archaeaenergy.com.
About bp
bp’s ambition is to become a net zero company by 2050 or sooner, and to help the world get to net zero. bp has a larger economic footprint in the United States than anywhere else in the world, investing more than $130 billion in the economy since 2005 and supporting about 245,000 jobs. For more information on bp in the US, visit www.bp.com/us.
Important Information and Where to Find It
This press release is made in respect of the pending merger involving Archaea Energy and bp. Archaea Energy will file with the Securities and Exchange Commissions (the "SEC") a proxy statement on Schedule 14A relating to its special meeting of stockholders and may file or furnish other documents with the SEC regarding the pending merger. When completed, a definitive proxy statement will be mailed to Archaea’s stockholders. INVESTORS ARE URGED TO CAREFULLY READ THE PROXY STATEMENT REGARDING THE PENDING MERGER AND ANY OTHER RELEVANT DOCUMENTS IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PENDING MERGER.
The definitive proxy statement will be filed with the SEC and mailed or otherwise made available to Archaea’s stockholders. Archaea's stockholders may obtain free copies of the documents Archaea files with the SEC from the SEC’s website at www.sec.gov or through the Investors portion of Archaea’s website at www.archaeaenergy.com.
Participants in the Solicitation
Archaea and its directors and executive officers may be deemed to be participants in the solicitation of proxies from Archaea’s stockholders in connection with the pending merger. Information regarding Archaea’s directors and executive officers, including a description of their direct interests, by security holdings or otherwise, is contained in Archaea’s Post-Effective Amendment No. 1 to Form S-1 filed with the SEC on August 24, 2022. Other information regarding the participants in the proxy solicitation and a description of their interests will be contained in the proxy statement for Archaea’s special meeting of stockholders and other relevant materials to be filed with the SEC in respect of the proposed merger when they become available. These documents can be obtained free of charge from the sources indicated above.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements, which include all statements that do not relate solely to historical or current facts. Forward-looking statements may relate to expectations for future financial performance, business strategies or expectations for Archaea Energy’s business. Forward-looking statements are typically identified by words such as “plan,” “believe,” “expect,” “anticipate,” “intend,” “outlook,” “estimate,” “forecast,” “project,” “continue,” “could,” “may,” “might,” “possible,” “potential,” “predict,” “should,” “would” and other similar words and expressions, but the absence of these words does not mean that a statement is not forward-looking.
These forward-looking statements are based on the current expectations of Archaea’s management and are inherently subject to uncertainties and changes in circumstances and their potential effects and speak only as of the date of any such statement. There can be no assurance that future developments will be those that have been anticipated. These forward-looking statements involve a number of risks, uncertainties or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, the following: (i) the risk that the proposed merger may not be completed in a timely manner or at all, which may adversely affect Archaea’s business and the price of Archaea’s common stock; (ii) the failure to satisfy any of the conditions to the consummation of the proposed merger, including the receipt of certain regulatory approvals; (iii) the failure to obtain stockholder approval; (iv) the occurrence of any event, change or other circumstance or condition that could give rise to the termination of the merger agreement, including in circumstances requiring Archaea to pay a termination fee; (v) the effect of the announcement or pendency of the proposed transaction on Archaea’s business relationships, operating results and business generally; (vi) risks that the proposed transaction disrupts Archaea’s current plans and operations; (vii) Archaea’s ability to retain and hire key personnel and maintain relationships with key business partners and customers, and others with whom it does business, in light of the proposed transaction; (viii) risks related to diverting management’s attention from Archaea’s ongoing business operations; (ix) unexpected costs, charges or expenses resulting from the proposed merger; (x) potential litigation relating to the merger that could be instituted against the parties to the merger agreement or their respective directors, managers or officers, including the effects of any outcomes related thereto; (xi) continued availability of capital and financing and rating agency actions; (xii) certain restrictions during the pendency of the merger that may impact Archaea’s ability to pursue certain business opportunities or strategic transactions; (xiii) unpredictability and severity of catastrophic events, including but not limited to acts of terrorism, war or hostilities or the COVID-19 pandemic, as well as management’s response to any of the aforementioned factors; (xiv) the impact of adverse general and industry-specific economic and market conditions; and (xv) other risks described in Archaea’s filings with the SEC, including the risks and uncertainties described in the sections entitled “Risk Factors” in Archaea’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021 or in Archaea’s subsequent Quarterly Reports on Form 10-Q. Should one or more of these risks or uncertainties materialize, or should any of the assumptions made by Archaea’s management prove incorrect, actual results may vary in material respects from those projected in the forward-looking statements contained herein. Consequences of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business disruption, operational problems, financial loss, legal liability to third parties and similar risks, any of which could have a material adverse effect on the completion of the merger and/or Archaea’s consolidated financial condition, results of operations or liquidity. You should not place undue reliance on these forward-looking statements.
Forward-looking statements speak only as of the date they are made. Except to the extent required by applicable law or regulation, Archaea undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
Archaea Energy
Megan Light
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346-439-7589
Blake Schreiber
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346-440-1627
bp
J.P. Fielder
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WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) (the “Partnership”) announced today that the Board of Directors (the “Board”) of its general partner, Global GP LLC, has declared a cash distribution of $0.609375 per unit ($2.4375 per unit on an annualized basis) on the Partnership’s Series A preferred units for the period from August 15, 2022 through November 14, 2022. This distribution will be payable on November 15, 2022 to holders of record as of the opening of business on November 1, 2022.
The Board also declared a cash distribution of $0.59375 per unit ($2.375 per unit on an annualized basis) on the Partnership’s Series B preferred units for the period from August 15, 2022 through November 14, 2022. This distribution will be payable on November 15, 2022 to holders of record as of the opening of business on November 1, 2022.
Non-U.S. Withholding Information
This press release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent (100%) of GLP’s distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, GLP’s distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.
About Global Partners LP
With approximately 1,700 locations primarily in the Northeast, Global Partners is one of the region’s largest independent owners, suppliers and operators of gasoline stations and convenience stores. Global also owns, controls or has access to one of the largest terminal networks in New England and New York, through which it distributes gasoline, distillates, residual oil and renewable fuels to wholesalers, retailers and commercial customers. In addition, Global engages in the transportation of petroleum products and renewable fuels by rail from the mid-continental U.S. and Canada. Global, a master limited partnership, trades on the New York Stock Exchange under the ticker symbol “GLP.” For additional information, visit www.globalp.com.
Forward-looking Statements
Certain statements and information in this press release may constitute “forward-looking statements.” The words “believe,” “expect,” “anticipate,” “plan,” “intend,” “foresee,” “should,” “would,” “could” or other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on Global’s current expectations and beliefs concerning future developments and their potential effect on the Partnership. While management believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting the Partnership will be those that it anticipates. Forward-looking statements involve significant risks and uncertainties (some of which are beyond the Partnership’s control) including, without limitation, the impact and duration of the COVID-19 pandemic, uncertainty around the timing of an economic recovery in the United States which will impact the demand for the products we sell and the services that we provide, uncertainty around the impact of the COVID-19 pandemic to our counterparties and our customers and their corresponding ability to perform their obligations and/or utilize the products we sell and/or services we provide, uncertainty around the impact and duration of federal, state and municipal regulations related to the COVID-19 pandemic, and assumptions that could cause actual results to differ materially from the Partnership’s historical experience and present expectations or projections.
For additional information regarding known material factors that could cause actual results to differ from the Partnership’s projected results, please see Global’s filings with the SEC, including its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.
Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. Global undertakes no obligation to publicly update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise.
Gregory B. Hanson
Chief Financial Officer
Global Partners LP
(781) 894-8800
Sean T. Geary
Chief Legal Officer and Secretary
Global Partners LP
(781) 894-8800
Phillips 66 debuts EV charging program in the U.S. with installation of first ultrafast chargers at a Houston fuel station
HOUSTON--(BUSINESS WIRE)--Phillips 66 (NYSE: PSX) announced the installation of FreeWire ultrafast electric-vehicle chargers at its flagship fuel station near its headquarters in Houston, marking the debut of ultrafast EV charging at a convenience fuel station in the city.
Phillips 66 and FreeWire unveiled plans earlier this year to deploy FreeWire’s ultrafast, battery-integrated technology to meet the growing demand from EV drivers for high-speed, on-the-go charging. Phillips 66 will leverage its network of approximately 7,000 Phillips 66®, Conoco® and 76® branded U.S. sites and other strategic locations. The chargers are the first commissioned FreeWire chargers in Texas.
The introduction of the EV chargers reflects Phillips 66's commitment to working to meet the world’s growing energy needs while reducing its environmental footprint. The company has focused its Emerging Energy and Sustainability business strategy on four pillars: renewable fuels, batteries, carbon capture and hydrogen.
“The installation of the first FreeWire EV chargers at our Phillips 66 flagship fuel station represents an important step in our EV charging journey as well as our commitment to pursue lower-carbon solutions,” said Rod Palmer, Vice President of U.S. Marketing at Phillips 66. “FreeWire’s charger offers consumers the fast-charging experience they’re looking for, and Phillips 66’s branded network of fueling locations places the chargers at existing, strategically located sites.”
FreeWire’s Boost Charger is a more convenient option for sites looking to enter the EV charging space. It connects to existing infrastructure without burdensome construction costs and permitting restraints. The battery charges at off-peak times when power is cheaper, reducing operational costs for the site, while still providing the needed capacity to give consumers a rapid charge.
“We are excited to mark this milestone with Phillips 66 and to make our fast-charging solution available to more EV drivers,” said Arcady Sosinov, FreeWire Founder and CEO. “As charging demand continues to surge, our battery-integrated chargers offer the streamlined, shovel-ready solution that many entering the EV charging space are looking for.”
About Phillips 66
Phillips 66 (NYSE: PSX) manufactures, transports and markets products that drive the global economy. The diversified energy company’s portfolio includes Midstream, Chemicals, Refining, and Marketing and Specialties businesses. Headquartered in Houston, Phillips 66 has employees around the globe who are committed to safely and reliably providing energy and improving lives while pursuing a lower-carbon future. For more information, visit phillips66.com or follow @Phillips66Co on LinkedIn or Twitter.
About FreeWire Technologies
Founded in 2014, FreeWire Technologies is the leading manufacturer of battery-integrated EV charging stations and power solutions in the U.S. The Company’s fully-integrated Boost ChargerTM plugs into existing and ubiquitous low-voltage utility service and delivers high-power charging in areas that typically require extensive grid upgrades. The Boost Charger’s combination of proprietary battery and power conversion technology enables ultrafast EV charging at all locations, freeing customers from the costs of providing fast charging using power directly from the electric grid. FreeWire has deployed battery-integrated chargers with Fortune 100 companies, commercial customers, fleets, retail locations, and gas stations across the U.S. and has partnered with bp pulse to deploy Boost Charger in its operations across the UK.
Phillips 66:
Jeff Dietert (investors)
832-765-2297
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Shannon Holy (investors)
832-765-2297
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Thaddeus Herrick (media)
855-841-2368
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FreeWire:
Connor Botkin
(435) 565-0937
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ALISO VIEJO, Calif.--(BUSINESS WIRE)--indie Semiconductor (Nasdaq: INDI), an Autotech solutions innovator, plans to conduct a conference call with analysts to discuss its third quarter 2022 results and business outlook on November 10, 2022 at 5:00 p.m. Eastern time.
After the close of the market on November 10 and prior to the conference call, indie will issue a copy of the earnings press release via Business Wire. The press release may also be viewed on indie’s website at https://investors.indiesemi.com/news.
To listen to the conference call via the Internet, please go to the Financials tab on the Investors page of indie’s website. To listen to the conference call via telephone, please call (800)-931-3971 (domestic) or (416)-641-6705 (international), Conference ID: 22021022.
A replay of the conference call will be available beginning at 8:00 p.m. Eastern time on November 10, 2022, until 11:59 p.m. Eastern time on November 24, 2022, under the Financials tab on the Investors page of indie’s website, or by calling 844-512-2921 (domestic) or (412)-317-6671 (international), Replay Pin Number: 152388.
About indie
indie is empowering the Autotech revolution with next-generation automotive semiconductors and software platforms. We focus on edge sensors spanning multiple modalities, including LiDAR, radar, ultrasound and computer vision for Advanced Driver Assistance Systems (ADAS), user experience and electrification applications. These technologies represent the core underpinnings of both electric and autonomous vehicles while our advanced user interfaces enabled by our mixed-signal SoCs transform the in-cabin experience to mirror and seamlessly connect to the mobile platforms we rely on every day. We are an approved vendor to Tier 1 partners and our solutions can be found in marquee automotive OEMs around the world. Headquartered in Aliso Viejo, CA, indie has design centers and sales offices in Austin, TX; Boston, MA; Detroit, MI; San Francisco and San Jose, CA; Córdoba, Argentina; Budapest, Hungary; Dresden and Munich, Germany; Cambridge, England; Edinburgh, Scotland; Rabat, Morocco; Haifa, Israel; Quebec City, Canada; Seoul, South Korea; Tokyo, Japan and several locations throughout China.
Please visit us at www.indiesemi.com to learn more.
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