DUBLIN--(BUSINESS WIRE)--The "Military Submarine Photonics Mast and Antenna Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2028" report has been added to ResearchAndMarkets.com's offering.
The report on the global military submarine photonics mast and antenna market provides qualitative and quantitative analysis for the period from 2022 to 2028.
The report predicts the global military submarine photonics mast and antenna market to grow with a CAGR of nearly 6% over the forecast period from 2022-2028. The study on military submarine photonics mast and antenna market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and RoW for the period of 2022 to 2028.
The report on military submarine photonics mast and antenna market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global military submarine photonics mast and antenna market over the period of 2022 to 2028. Moreover, the report is a collective presentation of primary and secondary research findings.
Porter's five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global military submarine photonics mast and antenna market over the period of 2022 to 2028. Further, Growth Matrix gave in the report brings an insight into the investment areas that existing or new market players can consider.
What does this Report Deliver?
1. Comprehensive analysis of the global as well as regional markets of the military submarine photonics mast and antenna market.
2. Complete coverage of all the segments in the military submarine photonics mast and antenna market to analyze the trends, developments in the global market and forecast of market size up to 2028.
3. Comprehensive analysis of the companies operating in the global military submarine photonics mast and antenna market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4. Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
Market Dynamics
Drivers
Restraints
Opportunities
Segments Covered
The global military submarine photonics mast and antenna market is segmented on the basis of type, and submarine type.
The Global Military Submarine Photonics Mast and Antenna Market by Type
The Global Military Submarine Photonics Mast and Antenna Market by Submarine Type
Company Profiles
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PLANO, Texas--(BUSINESS WIRE)--#blueoil--Denbury Inc. (NYSE: DEN) (“Denbury” or the “Company”) today announced that Chris Kendall, President and Chief Executive Officer, will present at the Barclays CEO Energy-Power Conference on Tuesday, September 6, 2022, at 2:25 p.m. Eastern Time (1:25 p.m. Central Time). Mr. Kendall and other members of management will also participate in meetings with investors. Supplemental corporate materials for the conference will be posted to the Company’s website the same morning, and a link to the live webcast and replay of the presentation will be available in the Investor Relations section of the Company’s website at www.denbury.com.
ABOUT DENBURY
Denbury is an independent energy company with operations and assets focused on Carbon Capture, Use and Storage (CCUS) and Enhanced Oil Recovery (EOR) in the Gulf Coast and Rocky Mountain regions. For over two decades, the Company has maintained a unique strategic focus on utilizing CO2 in its EOR operations and since 2012 has also been active in CCUS through the injection of captured industrial-sourced CO2. The Company currently injects over four million tons of captured industrial-sourced CO2 annually, with an objective to fully offset its Scope 1, 2, and 3 CO2 emissions by 2030, primarily through increasing the amount of captured industrial-sourced CO2 used in its operations. For more information about Denbury, visit www.denbury.com.
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DENBURY IR CONTACTS:
Brad Whitmarsh, VP Investor Relations, 972.673.2020, This email address is being protected from spambots. You need JavaScript enabled to view it.
Beth Bierhaus, Investor Relations Analyst, 972.673.2554, This email address is being protected from spambots. You need JavaScript enabled to view it.
DOE Pilot Plant Commissioned by Southwest Research Institute Models Malta’s Long-Duration Energy Storage Technology
SAN ANTONIO--(BUSINESS WIRE)--Malta Inc., a leading long-duration energy storage solution provider, announced today that Southwest Research Institute (SwRI) has completed assembly and commissioning of the first-of-a-kind pumped heat (or thermal) energy storage (PHES) demonstration facility based on the utility-scale thermal energy storage system created by Malta as part of a project supported by a $2.6 million ARPA-E award from the U.S. Department of Energy.
Long-duration, large-scale storage capabilities, like PHES, can help balance energy volatility and reliability issues caused by high market penetration of variable renewable energy resources such as solar and wind energy, and create solutions to fulfill worldwide carbon reduction goals.
Breakthrough Energy Storage
PHES is a breakthrough for long-duration energy storage (LDES), repurposing conventional, commercially proven power plant equipment and processes to provide cost-effective, large-scale energy storage. While the SwRI pilot is laboratory-scale, a full-size Malta PHES system will be able to store more than 100 megawatts (MW) of power for eight hours to eight days or longer (1,000+ MWh). The pilot will next be tested to demonstrate operation, verify system control strategies, and validate data.
"SwRI is a leader in advanced power systems and has pursued extensive PHES research. With the potential for high system performance and its ability to be built anywhere, PHES is an extraordinarily promising energy storage technology,” said Tim Allison, R&D Director of the Machinery Department at SwRI.
By efficiently storing electricity for long durations, Malta’s system can enable increased penetration of renewable energy from intermittent sources, maintain grid reliability, and accelerate the decarbonization of the energy sector.
“SwRI has been a terrific collaborator in deploying this scaled, ‘pilot’ version of the Malta system,” said Malta CEO Ramya Swaminathan. “We look forward to leveraging this project to help further streamline this existing technology as Malta deploys commercial, similarly-integrated PHES systems in Europe and North America.”
Time-Tested Technology
The Malta PHES energy storage system is built upon well-established principles in thermodynamics and uses conventional components that have been present in power plants for hundreds of years. Electricity from the grid is used to heat molten salt and cool a chilled liquid. In these forms, energy can be efficiently stored for long durations. When the energy is needed, the system operates as a heat engine to discharge the stored energy, using the stored heat and cold together to generate electricity on demand. This form of storage offers a low-cost solution to supplement or replace the use of fossil fuel “peaker” plants in matching intermittent energy supplies with customer demand.
About Malta Inc.
Based in Cambridge, Massachusetts, Malta, Inc. has developed a Pumped Heat Energy Storage (PHES) system to provide long-duration, large-scale, cost-effective, and safe energy storage. Malta’s system stores electricity as thermal energy and then re-generates the electricity on demand for 200 hours or longer, meeting daily and weekly needs. Malta’s PHES system also generates clean heat for industrial and district heating applications. Visit: www.maltainc.com
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EWING, N.J.--(BUSINESS WIRE)--$OLED #OLED--Universal Display Corporation (Nasdaq: OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, announced today the recipients of the UDC Innovative Research Award in Organic Electronics & Display and the UDC Pioneering Technology Award in Organic Electronics & Display. These awards were presented at the 22nd International Meeting on Information Display (IMID 2022) conference on August 25th in Busan, Korea by Dr. Julie Brown, Executive Vice President and Chief Technical Officer of Universal Display Corporation.
The 2022 UDC Award recipients are:
UDC Innovative Research Award in Organic Electronics & Display: Yongjin Park, Hagseon Kim (Korea Advanced Institute of Science & Technology (KAIST), Korea), Hye-Ryung Choi (Seoul National University Bundang Hospital (SNUBH), Korea), Yongmin Jeon (Gachon University, Korea), Jung Won Shin (Seoul National University Bundang Hospital (SNUBH), Korea), and Kyung Cheol Choi (Korea Advanced Institute of Science & Technology (KAIST), Korea) for their paper “Body-Attached Wearable OLED Medical Device for Therapeutic Effects.”
UDC Pioneering Technology Award in Organic Electronics & Display: Hyung Suk Kim (Korea Advanced Institute of Science & Technology (KAIST), Korea), Hyung Jin Cheon (Gyeongsang National University, Korea), Donggyun Lee, Woochan Lee, Junho Kim (Korea Advanced Institute of Science & Technology (KAIST), Korea), Yun-Hi Kim (Gyeongsang National University, Korea), and Seunghyup Yoo (Korea Advanced Institute of Science & Technology (KAIST), Korea) for their paper “Insight into Design of Sterically Hindered Multi-Resonance Induced Charge Transfer Molecule for Highly Efficient Deep-Blue OLEDs.”
“As a leader in the OLED ecosystem and a company of inventors, UDC is committed to fostering and promoting future generations of innovators, technologists and problem solvers. We are pleased to award these grants that celebrate and support ideation and innovation in the Korean scientific student community. We congratulate the award recipients, and commend all the researchers for their exciting contributions in the growing field of organic electronics and displays,” said Steven V. Abramson, President and Chief Executive Officer of Universal Display Corporation.
The UDC awards recognize outstanding individuals or teams that have demonstrated innovative ideas or research initiatives impacting the organic electronic and display industries. The winners were selected by IMID and KIDS (Korean Information Display Society).
About Universal Display Corporation
Universal Display Corporation (Nasdaq: OLED) is a leader in the research, development and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications. Founded in 1994 and with subsidiaries and offices around the world, the Company currently owns, exclusively licenses or has the sole right to sublicense more than 5,500 patents issued and pending worldwide. Universal Display licenses its proprietary technologies, including its breakthrough high-efficiency UniversalPHOLED® phosphorescent OLED technology that can enable the development of energy-efficient and eco-friendly displays and solid-state lighting. The Company also develops and offers high-quality, state-of-the-art UniversalPHOLED materials that are recognized as key ingredients in the fabrication of OLEDs with peak performance. In addition, Universal Display delivers innovative and customized solutions to its clients and partners through technology transfer, collaborative technology development and on-site training. To learn more about Universal Display Corporation, please visit https://oled.com/.
Universal Display Corporation and the Universal Display Corporation logo are trademarks or registered trademarks of Universal Display Corporation. All other company, brand or product names may be trademarks or registered trademarks.
All statements in this document that are not historical, such as those relating to the projected adoption, development and advancement of the Company’s technologies, and the Company’s expected results and future declaration of dividends, as well as the growth of the OLED market and the Company’s opportunities in that market, are forward-looking financial statements within the meaning of the Private Securities Litigation Reform Act of 1995. You are cautioned not to place undue reliance on any forward-looking statements in this document, as they reflect Universal Display Corporation’s current views with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated. These risks and uncertainties are discussed in greater detail in Universal Display Corporation’s periodic reports on Form 10-K and Form 10-Q filed with the Securities and Exchange Commission, including, in particular, the section entitled “Risk Factors” in Universal Display Corporation’s Annual Report on Form 10-K for the year ended December 31, 2021. Universal Display Corporation disclaims any obligation to update any forward-looking statement contained in this document.
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DUBLIN--(BUSINESS WIRE)--The "Europe Solar Photovoltaic Panel Market Outlook And Forecast To 2027 - Driven By Favorable Policies To Achieve Carbon Neutrality By 2050 And Integrated Market Structure Enabling Fast Projects" report has been added to ResearchAndMarkets.com's offering.
The Europe Solar Photovoltaic Panel Market is expected to witness a CAGR of above 19% over the next 5 years, owing to the rise in the demand for energy, favorable government policies and increasing incentives for the adoption of renewable energy sources in the region. Furthermore, most of the countries in Europe are either expanding/building new power plants or are shifting towards renewable sources of energy especially solar power to meet the rise in demand.
In 2021, European Commission proposed a new regulatory framework 'Fit for 55' to reduce Greenhouse Gases (GHG) by 55% by 2030 and achieve climate neutrality by 2050. The region also focuses on achieving the terms of the Paris Agreement which states to limit global warming to 1.5 degrees Celsius as compared to the pre-industrial level.
With the signing of this agreement, the countries resolve to reduce greenhouse gas emissions by scaling up the use of renewable energy such as solar energy. Some of the additional drivers that will lead to the growth of solar panels include proposal by the European Commission for 40% renewable energy usage by 2030. The European Solar market is also driven by a net-metering system that uses a discount mechanism to balance the annual energy that was delivered and purchased. The solar PV installed in Europe grew from 10 GW in 2018 to in 17 GW 2019 such measures.
Land accessibility is one of the major challenges in the Europe solar photovoltaic market. The difficulties are faced in accessing land for ground-mounted PV projects specifically on agricultural land. For rooftop PV panels and projects, the major challenge is the delays of approval both at administrative and network levels. In addition, at middle and high voltage levels due to lack of grid capacity, long delays and project non-realization are the challenges.
Key Segments Covered in Europe Solar Photovoltaic Panel Market
Europe Solar Photovoltaic Panel Market By Technology
Europe Solar Photovoltaic Panel Market By Connectivity
Europe Solar Photovoltaic Panel Market By Deployment
Europe Solar Photovoltaic Panel Market By End User Segment
Europe Solar Photovoltaic Panel Market By Geography and Major Countries
Key Target Audience
Key Topics Covered in the Report
Key Topics Covered:
1. Executive Summary
2. Market Overview and Key Trends Impacting Growth
3. Total Europe - Market Segmentation by Technology, Historic Growth, Outlook & Forecasts
4. Total Europe - Market Segmentation by Connectivity, Historic Growth, Outlook & Forecasts
5. Total Europe - Market Segmentation by Deployment, Historic Growth, Outlook & Forecasts
6. Total Europe Market Segmentation by End User Segment, Growth, Outlook & Forecasts
7. Industry/Competition Analysis - Competitive Landscape
8. Key Competitor Profiles
9. Geographic Analysis & Major Countries Market Historic Growth, Outlook and Forecasts
10. Industry Experts Opinions/Perspectives
11. Analyst Recommendations
12. Appendix
13. Disclaimer
14. Contact the Publisher
Companies Mentioned
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Laura Wood, Senior Press Manager
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Arctaris became the largest impact-focused Opportunity Zone firm in 2021, continuing to create quality jobs, build affordable housing, and develop both broadband and clean energy infrastructure in underserved communities
BOSTON--(BUSINESS WIRE)--#Baltimore--Arctaris Impact Investors, LLC (“Arctaris”), the largest impact-focused Opportunity Zone fund manager nationally1, released its 2021 Arctaris Impact Report: Resilience, Recovery, Revitalization. Arctaris made nine new investments and supported existing portfolio companies to weather the COVID-19 storm, expanding economic, social, and environmental impact in underserved communities. The impact report showcases Arctaris Impact’s commitment to creating and retaining living-wage jobs, racial equity, expanding access to critical products and services such as affordable broadband internet, healthy food, and housing, promoting diversity and inclusion, and advancing renewable energy projects and businesses.
Arctaris measures and reports impact through its partnership with the Initiative for a Competitive Inner City (ICIC), a non-profit research firm founded by Harvard Business School Professor Michael Porter. Impact highlights from the report include:
With the expansion of Arctaris Impact’s place-based programs throughout the country, we invite all agents of impact to identify opportunities to partner with us to better serve challenged communities.
To read more on Arctaris’ progress towards continuous impact creation, please view the 2021 Impact Report here.
For more information and press inquiries contact This email address is being protected from spambots. You need JavaScript enabled to view it..
About Arctaris Impact Investors
Arctaris Impact Investors, LLC is a Boston-based impact investment firm with experience spanning more than 13 years over 7 funds. The firm manages funds which invest in growth-oriented operating businesses and community infrastructure projects located in underserved communities. Founded in 2009, Arctaris has partnered with the Kresge Foundation, Harvard Business School Professor Michael Porter’s Initiative for a Competitive Inner City, and multiple other foundation, federal and state government agencies to invest in Opportunity Zones, inner cities and targeted rural communities throughout the U.S., with the aim of delivering above-market investment returns alongside positive social impact. For more information visit https://arctaris.com or for press inquiries contact This email address is being protected from spambots. You need JavaScript enabled to view it..
Legal Disclaimer
2022 All information is the property of Arctaris Impact Investors LLC ("Arctaris"). It is reasonably believed to be true and accurate at the time of issuance. It is intended to be informational only, related to the impact mission of Arctaris and in no way is intended to be relied upon as investment advice. This material is not an offer or solicitation of any security or investment product.
_____________________
1 OpportunityDb: The Opportunity Zones Database, https://opportunitydb.com/funds/
2 2021 Arctaris Impact Survey
3 Clearnetworx and Great Works Internet Partners (“GWI”)
4 Huntsville Multifamily Project, the Eddy, Altitude Apartments, The Flagship Complex, Northeast Heights, Saddleback, Gowanus, and Erie Block Two
5 2021 Arctaris Impact Survey
6 2021 Arctaris Impact Survey
7 2021 Arctaris Impact Survey
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Now through Sept. 7, ComEd is seeking diverse, skilled talent to apply for paid training and full-time work as an overhead helper
CHICAGO--(BUSINESS WIRE)--ComEd is encouraging job seekers to apply for new entry-level positions that will play an important role in the clean energy transformation underway in Illinois. Over the next 10 days, ComEd is accepting applications for 75 entry-level overhead helper positions, which provide a path to a full-time union career as a line worker, and an essential part of the team powering communities across northern Illinois. Applicants can apply now on ComEd’s careers page.
The new positions are part of a bold three-year hiring plan announced by ComEd earlier this year to add 500 entry-level positions to meet the demands of the clean energy transition in Illinois. For these roles, ComEd is focused on ensuring that the workforce reflects the diversity of communities we serve by encouraging women and minorities, those traditionally underrepresented in skilled trades roles, to apply for these positions.
“ComEd’s ability to deliver reliable power for 9 million people in our region depends on a skilled workforce that’s ready to take on challenging work to ensure a clean, resilient and bright future for northern Illinois,” said Terence Donnelly, president and COO of ComEd. “To support this transition, ComEd is looking no further than our own communities, and working to ensure more women and minorities have access to training and opportunities to excel in family sustaining careers in our fast-growing field.”
To prepare for the clean energy transition in Illinois, ComEd supports training and job placement programs that help skill the workforce for the thousands of clean energy jobs anticipated in the years ahead. New entry-level craft roles – including jobs such as overhead helpers and construction workers – will play a key role in building and operating a resilient grid that can withstand more frequent severe weather due to climate change and facilitate the rapid growth of renewable energy and electric vehicles.
"The new clean energy law in Illinois will create exciting opportunities to prepare the grid for new EV technologies and to protect us against climate change – all of which must be powered with the help of the men and women of the electric trades," said Terry McGoldrick, President of IBEW Local 15. "Working with ComEd, we are committed to building a diverse talent pipeline to achieve these goals. By expanding access to our apprenticeship training programs, we're working to invite more job seekers to learn and excel at a skilled trade that will be critical to powering communities, and the economy, for years to come."
The overhead helper position and other entry-level union roles in the company offer job seekers training and continued development to eventually prepare to become line workers, and other full-time trades positions within the company. These roles offer a pathway to full-time union work, with most receiving starting pay of $29 an hour, as well as employee benefits such as 401K and family wellness programs.
ComEd is accepting applications for the overhead helper position through September 7, 2022, at 11:59 pm. To be considered, applicants must meet minimum qualifications, including holding a high school diploma or GED equivalent, driver’s license and the ability to earn a commercial driver's license (CDL) permit A. Candidates with overhead line experience, climb or trades school training, military service, or skilled trades experience will be given priority consideration.
Candidates must demonstrate they are prepared for the physical and technical requirements of the job and will enter a 12–18-month process to hone trade and professional skills via a paid apprenticeship training program.
To prepare applicants for success, ComEd offers a wide range of free career prep resources and clinics. Climb clinics hosted by ComEd prepare candidates for the unique rigors of work in the field, which includes repairing and maintaining utility lines and infrastructure on a 24x7 basis. To meet candidates where they are, ComEd has expanded climb clinic sessions to weekends and added additional workshops on interview training and preparing for the Construction and Skilled Trade (CAST) test. Earlier this month, ComEd piloted its first-ever all-female climb clinics – part of an effort to remove stereotypes and create broader opportunity for women to enter the field.
Beyond the career prep resources, ComEd offers a range of in-depth job training programs year-round to prepare talent for growing roles in craft and skilled trades – with programs including the CONSTRUCT Infrastructure Academy, the Dawson Tech Overhead Electrical Line Worker training program, and the new Craft Academy program which just graduated its inaugural cohort. For more on these career readiness programs, please contact This email address is being protected from spambots. You need JavaScript enabled to view it..
ComEd has also launched a new webpage, www.ComEd.com/CleanEnergyJobs, to provide job seekers information about pathways to craft roles within the company, job requirements, and training programs designed to provide entry-level craft candidates with job readiness skills. For more information about future hiring opportunities at ComEd or to coordinate a job alert based on your skillset, please visit www.exeloncorp.com/careers.
Commonwealth Edison Company (ComEd) is a unit of Chicago-based Exelon Corporation (NASDAQ: EXC), the nation’s leading competitive energy provider, with approximately 10 million customers. ComEd provides service to approximately 4 million customers across northern Illinois, or 70 percent of the state’s population. For more information visit ComEd.com, and connect with the company on Facebook, Twitter, Instagram and YouTube.
ComEd
Media Relations
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INCHEON, South Korea & DALLAS & MONTREAL--(BUSINESS WIRE)--#aerospace--MintAir Co. LTD ("MintAir") signed a Letter of Intent with Jaunt Air Mobility LLC ("Jaunt") to form a strategic partnership and purchase Jaunt Journey electric vertical takeoff and landing (eVTOL) aircraft. MintAir has agreed to order up to 40 of Jaunt's aircraft to bring air mobility services to the Korean markets. MintAir will serve as Jaunt’s exclusive Advanced Air Mobility (AAM) partner in the Korean market.
Jaunt is approaching the design and certification of an eVTOL from a unique market position utilizing Slowed Rotor Compound (SRC) technologies and partnerships with Tier 1 aerospace suppliers. "The Jaunt Journey's aircraft design offers the safest air taxi configuration that is operationally efficient, quiet, and sustainable," says Martin Peryea, CEO of Jaunt. Martin Peryea has more than 40 years of commercial aviation experience certifying rotorcraft.
MintAir is building an AAM service in the Republic of Korea and will work with Jaunt to launch commercial passenger air transportation operations in several Korean markets. MintAir intends to launch AAM services with a particular type of eVTOL design, electric rotorcraft with a single main rotor like the Jaunt Journey. Electric rotorcraft provide superior safety through autorotation, energy-saving efficiency, lower operating costs, and a clear path to certification.
"Our mission is to develop the safest Advanced Air Mobility service in both urban and rural environments based on sound ESG management,” quoted Eugene Choi, CEO of MintAir, and “Jaunt Air Mobility is committed to those same principles throughout the aircraft's lifecycle. And we are confident the Jaunt Journey will transport the public with the highest level of safety."
"We are pleased to team with MintAir to bring this new form of advanced air transportation to the Korean markets," said Simon Briceno, Chief Commercial Officer for Jaunt. "We are excited to showcase our safe and efficient aircraft to the Korean public."
Jaunt Air Mobility aircraft will be designed and manufactured in Montreal, Canada. President Eric Cote stated, “Canada is a global exporter of aerospace and with customers like MintAir, Jaunt is developing partnerships worldwide.”
About MintAir
MintAir is a startup company building an Advanced Air Mobility Service in South Korea. MintAir's approach is to facilitate an ecosystem of partners to accelerate the adoption of electric flight in Korea. A former global engineering parts manufacturing company, MintAir will take advantage of its global business experience and network to accelerate the development of the Advanced Air Mobility ecosystem in Asia-Pacific markets. Beginning with air taxi operation, MintAir will specialize in electric rotorcraft with a large rotor common in a traditional helicopter. Electric rotorcraft provides superior safety under power loss situations through autorotation, energy saving better hover efficiency, lower operating cost, and a clear path to certification via existing regulations. For more information about the company, visit www.mintair.kr.
About Jaunt
Jaunt Air Mobility is a transformative aerospace company headquartered in Dallas, Texas, with design and manufacturing located in Montreal, Canada. Jaunt is building the next generation of eVTOL (electric Vertical Takeoff and Landing) and hybrid-electric VTOL aircraft for faster, quieter, and safer travel over urban areas, moving people and cargo. Jaunt is the global leader in developing Slowed Rotor Compound (SRC) technology. The Jaunt Journey is the world's first electric aircraft combining helicopter and airplane flight capabilities. Jaunt has teamed with Tier 1 aerospace partners to develop the Journey and work with global operators to provide this new form of travel. Jaunt offers the most operationally efficient aircraft with a zero-carbon footprint. Jaunt is a recognized global brand of AIRO Group Holdings, Inc. (“AIRO”). AIRO is a mid-tier aerospace and defense company offering industry-leading technology and services in Electric Air Mobility, Advanced Avionics, Commercial Drones and Training uniquely capable of addressing a broad spectrum of aerospace markets. For more information, visit www.jauntairmobility.com and www.theairogroup.com.
Nancy Richardson, Jaunt Air Mobility, This email address is being protected from spambots. You need JavaScript enabled to view it.
Jongwon “JP” Park, MintAir Co. LTD, This email address is being protected from spambots. You need JavaScript enabled to view it.
BOONE, Iowa--(BUSINESS WIRE)--Cummins Inc. (NYSE: CMI) and Buhler Industries Inc. (TSX: BUI), a leading tractor manufacturer under the Versatile brand, announced today that they have signed a letter of intent and plans to integrate the Cummins 15-liter hydrogen engines in Versatile’s equipment to lead the decarbonization of the agriculture market.
Versatile is a longstanding manufacturer in the agriculture space with a reputation for excellence in tractors,” said Ann Schmelzer, General Manager Cummins Global Agriculture Business. “Our companies share a commitment to technology, quality and dependability for our customers. Cummins is excited to be working with Versatile as we leverage our respective strengths to create new opportunities for both companies.”
Since 1967, Versatile has used Cummins engines exclusively in all four-wheel drive tractors. For decades, both Versatile and Cummins have been leaders in technology innovation and delivering reliable performance to farmers across the globe. Each company is uniquely positioned to build on their exceptional histories in agriculture as they step forward into new powertrain technologies.
“While diesel engines continue to be the flexible power of choice for the foreseeable future in agriculture, such a collaboration enables both companies to develop low and zero carbon solutions that are ideally suited to farming,” said Adam Reid, Versatile’s Vice-President of Sales and Marketing.
“Cummins has recently announced its plan to leverage existing platforms and expertise in spark ignited technology to build hydrogen engines. The high commonality among engine components between diesel and hydrogen leverages scale advantages for OEMs, while delivering the reliability that farmers need,” added Schmelzer.
Hydrogen combustion engines will provide a cost effective zero-carbon fueled solution for high load factor and high utilization applications. Key benefits of using this technology include enabling a more-timely solution to reduce carbon emissions without sacrificing productivity. It minimizes the impact on the machine design for manufacturers, allowing common parts and components across platforms to drive scale advantages, reducing costs. When integrated in farm equipment, farmers will have a solution that is dependable, as well as easy to service and maintain.
About Cummins Inc.
Cummins Inc., a global power leader, is a corporation of complementary business segments that design, manufacture, distribute and service a broad portfolio of power solutions. The company’s products range from diesel, natural gas, electric and hybrid powertrains and powertrain-related components including filtration, aftertreatment, turbochargers, fuel systems, controls systems, air handling systems, automated transmissions, electric power generation systems, batteries, electrified power systems, hydrogen generation and fuel cell products. Headquartered in Columbus, Indiana (U.S.), since its founding in 1919, Cummins employs approximately 59,900 people committed to powering a more prosperous world through three global corporate responsibility priorities critical to healthy communities: education, environment and equality of opportunity. Cummins serves its customers online, through a network of company-owned and independent distributor locations, and through thousands of dealer locations worldwide and earned about $2.1 billion on sales of $24.0 billion in 2021. See how Cummins is powering a world that’s always on by accessing news releases and more information at https://www.cummins.com/always-on.
Forward-looking disclosure statement
Information provided in this release that is not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our forecasts, guidance, preliminary results, expectations, hopes, beliefs and intentions on strategies regarding the future. These forward-looking statements include, without limitation, statements relating to our plans and expectations for our revenues and EBITDA. Our actual future results could differ materially from those projected in such forward-looking statements because of a number of factors, including, but not limited to: any adverse results of our internal review into our emissions certification process and compliance with emission standards; increased scrutiny from regulatory agencies, as well as unpredictability in the adoption, implementation and enforcement of emission standards around the world; changes in international, national and regional trade laws, regulations and policies; any adverse effects of the U.S. government's COVID-19 vaccine mandates; changes in taxation; global legal and ethical compliance costs and risks; increasingly stringent environmental laws and regulations; future bans or limitations on the use of diesel-powered products; any adverse effects of the conflict between Russia and Ukraine and the global response (including government bans or restrictions on doing business in Russia); failure to successfully execute or integrate the acquisition of Meritor, Inc.; failure to realize all of the anticipated benefits from our announced acquisition of Meritor, Inc.; raw material, transportation and labor price fluctuations and supply shortages; aligning our capacity and production with our demand; the actions of, and income from, joint ventures and other investees that we do not directly control; large truck manufacturers' and original equipment manufacturers' customers discontinuing outsourcing their engine supply needs or experiencing financial distress, bankruptcy or change in control; product recalls; variability in material and commodity costs; the development of new technologies that reduce demand for our current products and services; lower than expected acceptance of new or existing products or services; product liability claims; our sales mix of products; failure to complete, adverse results from or failure to realize the expected benefits of the separation of our filtration business; our plan to reposition our portfolio of product offerings through exploration of strategic acquisitions and divestitures and related uncertainties of entering such transactions; challenging markets for talent and ability to attract, develop and retain key personnel; climate change and global warming; exposure to potential security breaches or other disruptions to our information technology environment and data security; political, economic and other risks from operations in numerous countries including political, economic and social uncertainty and the evolving globalization of our business; competitor activity; increasing competition, including increased global competition among our customers in emerging markets; labor relations or work stoppages; foreign currency exchange rate changes; the performance of our pension plan assets and volatility of discount rates; the price and availability of energy; continued availability of financing, financial instruments and financial resources in the amounts, at the times and on the terms required to support our future business; and other risks detailed from time to time in our SEC filings, including particularly in the Risk Factors section of our 2021 Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are made only as of the date of this press release and we undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. More detailed information about factors that may affect our performance may be found in our filings with the SEC, which are available at http://www.sec.gov or at http://www.cummins.com in the Investor Relations section of our website.
Sarah Finley-Gilman, Marketing Communications Manager-Agriculture
317-514-8826
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FORT COLLINS, Colo.--(BUSINESS WIRE)--Ampt LLC, the world’s leading provider of power optimizers for large-scale photovoltaic (“PV”) systems, today welcomed the announcement that the U.S. International Trade Commission (“ITC”) has instituted an investigation into SolarEdge Technologies, Inc. (NASDAQ: SEDG). The ITC’s decision is based on a complaint filed by Ampt requesting that the ITC ban the import of SolarEdge power systems and components that infringe two of Ampt’s patents. Ampt also seeks a ban on the sale of infringing products in the U.S. after they are imported.
The ITC is an independent federal agency that protects U.S. companies and industries from unfair trade practices and violation of intellectual property rights.
According to the complaint, the infringing products include SolarEdge power optimizers for solar panels, inverters for solar power systems and solar power systems using both. Ampt anticipates that the ITC investigation will proceed during the coming months and expects a decision in 2023.
“We appreciate the Commission’s decision to investigate SolarEdge’s unlawful use of our proprietary technology without asking our permission or compensating us,” said Levent Gun, Ampt’s Chief Executive Officer. “Today marks the first step towards ensuring fair competition in the United States, and stopping SolarEdge from violating our hard-earned, patented technology.”
In addition to the complaint filed with the ITC, Ampt simultaneously filed a similar patent infringement action involving claims from eight of Ampt’s US patents in the U.S. District Court in Delaware against SolarEdge seeking a finding of patent infringement, substantial monetary damages and an injunction.
Ampt is represented by Scott Bornstein, Nick Brown, Vivian Kuo and Cyrus Frelinghuysen of Greenberg Traurig, LLP.
About Ampt
Ampt delivers innovative power conversion and communication technology that is used to lower the cost and improve performance of new PV systems, repower existing systems, and enable lower cost DC coupled storage. With installations and experience serving markets around the world, Ampt is the number one power optimizer company for large-scale systems. The company is headquartered in Fort Collins, Colorado and has sales and support locations in North America, Europe, and Japan, as well as representation in Asia, Australia, and the Middle East. For more information, visit www.ampt.com and follow Ampt@LinkedIn.
FGS Global
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PARIS--(BUSINESS WIRE)--In accordance with the regulations relating to share buybacks, Technip Energies (PARIS:TE) declares the following purchases of its own shares during the week of August 22 to August 26, 2022.
These transactions were carried out as part of a buyback program with a discretionary mandate carried out by an investment services provider making decisions relating to the acquisition of Technip Energies shares independently.
Name of the
|
Identify Code of the
|
Day of the
|
Identity
|
Total
|
Daily
|
Market
|
Technip Energies |
724500FLODI49NSCIP70 |
2022-08-22 |
NL0014559478 |
20,000 |
12.060871 |
XPAR |
Technip Energies |
724500FLODI49NSCIP70 |
2022-08-23 |
NL0014559478 |
20,000 |
12.466017 |
XPAR |
Technip Energies |
724500FLODI49NSCIP70 |
2022-08-24 |
NL0014559478 |
20,000 |
12.524849 |
XPAR |
Technip Energies |
724500FLODI49NSCIP70 |
2022-08-25 |
NL0014559478 |
7,053 |
12.507937 |
XPAR |
|
|
|
TOTAL |
67,053 |
12.36731 |
|
For detailed information on the transactions carried out and on the objectives of the shares purchases, please refer to the detailed declaration available on https://investors.technipenergies.com/financial-information/notice-trading-own-shares.
About Technip Energies
Technip Energies is a leading Engineering & Technology company for the energy transition, with leadership positions in Liquefied Natural Gas (LNG), hydrogen and ethylene as well as growing market positions in blue and green hydrogen, sustainable chemistry and CO2 management. The company benefits from its robust project delivery model supported by extensive technology, products and services offering.
Operating in 34 countries, our 15,000 people are fully committed to bringing our client’s innovative projects to life, breaking boundaries to accelerate the energy transition for a better tomorrow.
Technip Energies is listed on Euronext Paris with American depositary receipts (“ADRs”) traded over-the-counter in the United States.
For further information: https://www.technipenergies.com.
Technip Energies N.V., is a company with corporate seat in Amsterdam, the Netherlands
(Dutch Chamber of Commerce number 76122654),
and principal place of business at 2126 boulevard de la Défense, CS 10266, 92741 Nanterre Cedex, France
(RCS Nanterre 879 464 584)
Phillip Lindsay
Vice-President, Investor Relations
Tel: +44 203 429 3929
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Media Relations
Stella Fumey
Director, Press Relations & Digital Communications
Tel: +33 1 85 67 40 95
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Jason Hyonne
Press Relations & Social Media Lead
Tel: +33 1 47 78 22 89
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
- The lineup covers 1200V and 650V products -
KAWASAKI, Japan--(BUSINESS WIRE)--Toshiba Electronic Devices & Storage Corporation ("Toshiba") has launched new power devices, the “TWxxNxxxC series,” its 3rd generation silicon carbide(SiC) MOSFETs[1][2] that deliver low on-resistance and significantly reduced switching loss. Ten products, five 1200V and five 650V products, have started shipping today.
The new products reduce on-resistance per unit area (RDS(ON)A) by about 43%[3], allowing the drain-source on-resistance * gate-drain charge (RDS(ON)*Qgd), an important index that represents the relationship between conduction loss and switching loss, to be lowered by about 80%[4]. This cuts the switching loss by about 20%[5], and lowers both on-resistance and switching loss. The new products contribute to higher equipment efficiency.
Toshiba will continue to expand its lineup of power devices and to enhance its production facilities, and aims to realize a carbon-free economy by providing high-performance power devices that are easy to use.
Notes:
[1] Toshiba has developed a device structure that reduces on-resistance per unit area (RDS(ON)A) by using a structure with built-in schottky barrier diode developed for the 2nd generation SiC MOSFETs, and also reduces feedback capacitance in the JFET region.
[2] MOSFET: metal-oxide-semiconductor field-effect transistor
[3] Comparison of the new 1200V SiC MOSFETs when RDS(ON)A is set to 1 in the 2nd generation SiC MOSFETs. Toshiba survey.
[4] Comparison of the new 1200V SiC MOSFETs when RDS(ON)*Qgd is set to 1 in the 2nd generation SiC MOSFETs. Toshiba survey.
[5] Comparison of the new 1200V SiC MOSFETs and the 2nd generation SiC MOSFETs. Toshiba survey.
Applications
・Switching power supplies (servers, data center, communications equipment, etc.)
・EV charging stations
・Photovoltaic inverters
・Uninterruptible power supplies (UPS)
Features
・Low on-resistance per unit area (RDS(ON)A)
・Low drain-source on-resistance * gate-drain charge (RDS(ON)*Qgd)
・Low diode forward voltage: VDSF= -1.35V (typ.) @VGS= -5V
Main Specifications |
|||||||||||
(@Ta=25°C unless otherwise specified) |
|||||||||||
Part number |
Package |
Absolute maximum ratings |
Electrical characteristics |
Sample Check & Availability |
|||||||
Drain- source voltage VDSS (V) |
Gate- source voltage VGSS (V) |
Drain current (DC) ID (A) |
Drain- source On- resistance RDS(ON) typ. (mΩ) |
Gate threshold voltage Vth (V) |
Total gate charge Qg typ. (nC) |
Gate- drain charge Qgd typ. (nC) |
Input capacitance Ciss typ. (pF) |
Diode forward voltage VDSF typ. (V) |
|||
@Tc=25°C |
@VGS=18V |
@VDS=10V |
@VDS=400V, f=100kHz |
@VGS= -5V |
|||||||
TO-247 |
1200 |
-10 to 25 |
100 |
15 |
3.0 to 5.0 |
158 |
23 |
6000 |
-1.35 |
||
60 |
30 |
82 |
13 |
2925 |
|||||||
40 |
45 |
57 |
8.9 |
1969 |
|||||||
36 |
60 |
46 |
7.8 |
1530 |
|||||||
20 |
140 |
24 |
4.2 |
691 |
|||||||
650 |
100 |
15 |
128 |
19 |
4850 |
||||||
58 |
27 |
65 |
10 |
2288 |
|||||||
40 |
48 |
41 |
6.2 |
1362 |
|||||||
30 |
83 |
28 |
3.9 |
873 |
|||||||
20 |
107 |
21 |
2.3 |
600 |
|||||||
Follow the links below for more on the new products.
1200 Products
TW015N120C
TW030N120C
TW045N120C
TW060N120C
TW140N120C
650 Products
TW015N65C
TW027N65C
TW048N65C
TW083N65C
TW107N65C
Follow the links below for more on Toshiba SiC MOSFETs.
SiC Power Devices
SiC MOSFETs
To check availability of the new products at online distributors, visit:
1200 Products
TW015N120C
Buy Online
TW030N120C
Buy Online
TW045N120C
Buy Online
TW060N120C
Buy Online
TW140N120C
Buy Online
650V Products
TW015N65C
Buy Online
TW027N65C
Buy Online
TW048N65C
Buy Online
TW083N65C
Buy Online
TW107N65C
Buy Online
* Company names, product names, and service names may be trademarks of their respective companies.
* Information in this document, including product prices and specifications, content of services and contact information, is current on the date of the announcement but is subject to change without prior notice.
About Toshiba Electronic Devices & Storage Corporation
Toshiba Electronic Devices & Storage Corporation, a leading supplier of advanced semiconductor and storage solutions, draws on over half a century of experience and innovation to offer customers and business partners outstanding discrete semiconductors, system LSIs and HDD products.
The company's 23,000 employees around the world share a determination to maximize product value, and promote close collaboration with customers in the co-creation of value and new markets. With annual sales now surpassing 850-billion yen (US$7.5 billion), Toshiba Electronic Devices & Storage Corporation looks forward to building and to contributing to a better future for people everywhere.
Find out more at https://toshiba.semicon-storage.com/ap-en/top.html
Customer Inquiries:
Power Device Sales & Marketing Dept.
Tel: +81-44-548-2216
Contact Us
Media Inquiries:
Chiaki Nagasawa
Digital Marketing Department
Toshiba Electronic Devices & Storage Corporation
Mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
CLEVELAND--(BUSINESS WIRE)--Tradesmen International®, an industry leader in skilled trades staffing and labor-cost containment solutions, announced today the launch of a new brand look featuring a rejuvenated corporate logo and individualized market sector logos. In its 30th anniversary year, the fresh look is an affirmation of the company’s longevity, renewed commitment to their clients, craftworker and office employees, and a celebration of the company’s cultural focus on achieving unprecedented levels of craftworker safety, productivity, and craftsmanship.
The modernized corporate logo is now in red, white, and blue in homage to the company’s long history of putting America’s skilled workers to work. Specialized vertical market logos were created for each of the company’s specialized service groups: Construction Staffing Solutions (representing commercial, residential, and heavy industrial construction), Industrial and Manufacturing Staffing Solutions, Marine Staffing Solutions, Renewable Energy Staffing Solutions, and Institutional Staffing Solutions.
Leveraging an employee database of more than 1.2 million skilled craft professionals screened and vetted by more than 250 full-time recruiters nationally, the company is well-positioned to answer the nationwide skilled labor shortage caused by the retirement of baby boomers, fewer people entering the trades, as well as the pandemic-driven “great resignation.”
While the new logos formalize Tradesmen International’s commitment to construction, manufacturing, marine/shipbuilding, institutional/facility management, and renewable energy vertical market segments, the company has provided skilled labor for industries beyond construction for years. For example, Tradesmen International has provided skilled labor for many commercial and Naval shipyards nationwide, universities and hospitals that need additional maintenance crews, wind and solar farms, and industrial settings to manufacture products and components.
“We’ve taken a proven staffing model that helps construction contractors keep their workforce level balanced with their fluctuating workload throughout their project lifecycles and applied it to other business types. These businesses are — in this labor-challenged environment — already yielding marked production and profit margin gains,” said Marty Wick, CEO of Tradesmen International. “Our more than 350 sales professionals have provided customized craftworker staffing solutions for many industrial, shipbuilding, institutional, and renewable clients for years. The difference is that we’ve fortified our service and recruiting teams with experts whose full attention is dedicated to each sector. The upshot for our clients is amplified order fill percentages and increased workforce productivity; for our skilled employees, it means even more consistent work.”
Wick continued, “We’re proud to hold a leadership role in skilled labor staffing as both an employer and a professional labor-oriented services consultant and provider throughout North America. Combined with our massive database of proven, safety-minded skilled craftworkers, we can help companies solve their labor shortage challenges, and mitigate recruitment and payroll expenditures, Workers’ Compensation costs and risk, and even unemployment and benefits expenditures which are constantly rising.”
By providing clients the correct number of trades at the right skill levels, precisely when and where they’re needed, Tradesmen International’s nearly 200 local market service teams have deployed tens of thousands of trade employees who have averaged well over 10-million-man hours annually for each of the last three years.
Tradesmen International has been recognized by Staffing Industry Analysts over the past several years in their “Top 100 Staffing Companies in North America.”
Founded in 1992, Tradesmen International shifted the construction staffing paradigm with a unique approach: using a contingent construction labor force of superior quality to supplement a contractor’s core workforce and better match varying workload levels to workers. This model has been proven over the last three decades to improve productivity and contain costs for construction and industrial partners nationwide.
ABOUT TRADESMEN INTERNATIONAL®
Tradesmen International, an Ohio-based company, has provided contract skilled labor to construction and industrial partners since 1992. Partners benefit from Tradesmen’s recruiting expertise and magnitude, having at their disposal pre-screened craft professionals in all trades at all skill levels. The continued and severe shortage of verifiably skilled craftworkers across North America has made this a daunting task for construction, shipyard, renewable energy and manufacturing business management. In addition, Tradesmen’s business model centers on enabling partners to balance workload and workers, which traditionally helps businesses achieve exceptional profit margin gains via sustaining optimized workforce productivity. From a skilled craft person’s perspective, the company’s relationships and recruiting engine enable Tradesmen to provide craft employees with improved job stability. This is possible as, prior to the current project ending, the employee is already being marketed for their next assignment via a local team of sales professionals. Tradesmen has nearly 200 market service teams across North America. To learn more, please visit https://www.tradesmeninternational.com/new-brand/.
Ed Rojeck, Director of Marketing
440.487.3300
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HOUSTON--(BUSINESS WIRE)--Energy services provider Expro (NYSE: XPRO) is leading industry efforts to meet environmental targets with the development of a digital technology that can help drilling contractors and operators cut an estimated 146 tons of CO2 emissions annually – the equivalent of 58 transatlantic flights.
While the oil and gas industry has introduced many digital innovations, tubular running services (TRS) is an area which has historically lagged. Expro, however, is driving greater rig floor automation thanks to its iTONG™ system. In addition to cutting emissions, the iTONG system is designed to help protect personnel and is estimated to save operators nearly 50 hours of rig time and $2 million annually, per installation.
The iTONG system is the industry’s most technologically advanced single push button tubular make-up solution which allows the operator to control, execute, verify, and validate every connection make-up via a tablet or their control chair. It ensures joints of casing and tubing can be made to a specific torque, or broken out in an automated sequence, with the single push of a button.
With a reduction in the number of personnel required for tubing operations, a rig using iTONG can reduce annual emissions from rig time, travel, and accommodation by an estimated 146 tons a year – the equivalent of removing 58 10-hour flights from Oslo to Houston over the course of a year.
Expro experts are on hand this week at Stand 2200 at ONS 2022 in Stavanger to discuss the system with conference delegates.
Jeremy Angelle, Vice President, Well Construction, said: “iTONG offers seamless integration into existing automated rig operations and marks a key step toward fully autonomous tubular running. Digital solutions are increasingly being deployed to enhance operations, improve reliability for well integrity, and reduce personnel on the rig floor, which is resulting in improved safety and efficiency, with lower operational costs across the industry.
“Thanks to systems like iTONG, our highly skilled research and development teams are leading the industry in improving safety, reducing emissions and increasing savings across the globe. Some 47% of our R&D spend is directly allocated to carbon reduction projects, which shows our dedication to helping energy companies hit their targets.
“Not only does iTONG enhance the industry’s ability to improve service quality and reliability, but it is also a paradigm shift that revolutionizes the tubular running process, providing a fully autonomous solution to deliver operational excellence.”
The technology has undergone significant field trials on a high-efficiency jack-up rig in the North Sea, taking part in 22 jobs, resulting in more than 1,600 connections being made. Further studies revealed the technology can save an estimated 50 hours of rig time per year, which would equate to nearly $2 million annually and 52 return helicopter flights for TRS crews.
In a further example of the company’s commitment to driving the industry forward, iTONG is coupled with Expro’s iCAM® torque-turn tubular connection make-up system, which uses artificial intelligence to make data-driven decisions, ultimately determining whether the make-up has been successful.
Earlier this year, Expro received a Spotlight on New Technology® Award for its Autonomous Well Intervention System Galea™ at the Offshore Technology Conference (OTC) in Houston, while last month it was announced Expro had been commissioned by a consortium formed by Ed. Züblin AG and Huisman Geo B.V, drilling and geothermal energy specialists, to deliver an integrated well services program for a new geothermal power plant in the Upper Rhine valley in Germany.
That partnership came as part of the company’s long-term strategy to continue to invest in transforming its business portfolio and reducing its greenhouse gas emissions, as well as its stated aim of achieving Net Zero by 2050 with a 50% reduction in carbon intensity by 2030.
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.
Today, Expro’s wells expertise and technologies are transferable to the low carbon and renewable energy industry. As the energy industry seeks to address the challenges of tomorrow, Expro believes it is well positioned to play a leading role in enabling its clients to achieve their carbon reduction goals in support of the energy transition.
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 iTONG system, 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.
Media Contact
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NEW YORK & OSLO, Norway & LUXEMBOURG--(BUSINESS WIRE)--FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, will conduct a press meeting at ONS Stavanger in Hall 10 on Tuesday, August 30 at 8:00 am CET (02:00 am EST).
A webcast of the press conference call will be broadcast simultaneously at https://vimeo.com/743463440 on a listen-only basis.
To register your physical attendance at the press conference at ONS, please contact: This email address is being protected from spambots. You need JavaScript enabled to view it.
A replay of the webcast will be available at FREYR Battery - YouTube
About FREYR Battery
FREYR Battery aims to provide industrial scale clean battery solutions to reduce global emissions. Listed on the New York Stock Exchange, FREYR’s mission is to produce green battery cells to accelerate the decarbonization of energy and transportation systems globally. FREYR has commenced building the first of its planned factories in Mo i Rana, Norway and announced potential development of industrial scale battery cell production in Vaasa, Finland and the United States. FREYR intends to install 50 GWh of battery cell capacity by 2025 and 100 GWh annual capacity by 2028 and 200 GWh of annual capacity by 2030. To learn more about FREYR, please visit www.freyrbattery.com
Investor contact:
Jeffrey Spittel
Vice President, Investor Relations
This email address is being protected from spambots. You need JavaScript enabled to view it.
Tel: (+1) 281-222-0161
Media contact:
Katrin Berntsen
Vice President, Communication and Public Affairs
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Tel: (+47) 920 54 570
TORONTO--(BUSINESS WIRE)--$DMJ #carbonemissions--dynaCERT Inc. (TSX: DYA) (OTCQX: DYFSF) (FRA: DMJ) ("dynaCERT" or the "Company") is pleased to announce the appointment of Mr. Jeff Zajac as a director of the Company. As well, the Company has increased the number of its directors from five (5) to six (6) in accordance with the Company’s By-Laws.
Mr. Zajac is Founder and CEO of Facial Stats Ai, a company specializing in Neural Networks, Computer Vision, and Artificial Intelligence within the Canada, USA, Mexico and Central American marketplace with offices in Toronto & Mexico City and sales through a self-built distributor network. He is also CEO and Co-Founder of Solus One / VB, a multi-national SaaS based software company, with a focus on enhancing VoIP technologies to reduce costs and maximize performance and consulting key clients in the Political and Media industries on Market Research and Communication effectiveness. Mr. Zajac participated in Team Canada Missions, throughout Asia, USA, Middle East and Latin America, including ICT industry tradeshows as an Exhibitor and he has first-hand experience with BDC, EDC & VCs. As well, he is CEO and Founder of New Rock Mining, a Mineral Exploration Company, with claims and options located in Newfoundland.
Mr. Zajac was an Instructor at Humber College and Seneca College, where he taught Introduction to Business, Labour Economics, Accounting for Pharmacists. He has been a Guest Speaker on such Topics as International Business, Entrepreneurship, Asian & Latin America Business at Guelph University, Humber College, University of Toronto, Ryerson University, the Government of Ontario, Ontario Exports, York University, Ontario University, Cambrian College and Laurentian University.
Jeff Zajac FCPA, FCMA, CPA, CMA, MA, B.Comm is a Fellow Chartered Professional Accountant who was Honoured before the age of 40. He holds a Master of Arts, Leadership Studies from the University of Guelph; and completed the Canadian Securities Course. He also attended Certified International Trade Professional (CITP) Courses with Carleton University. He is a Certified Management Accountant and holds a Bachelor of Commerce and Finance, with an Economics Major, University of Toronto.
Mr. Zajac was the Founder of Wasaga Hockey.com, an NPO located in Wasaga Beach with a mission to provide affordable hockey to kids under 12 in the spring and summer months. He was also a member of CPA Ontario, a PCC which adjudicates cases of Professional misconduct brought against CPA’s in Ontario.
Jeff Zajac, director of dynaCERT stated, “dynaCERT’s development of core technology to reduce carbon and emissions will benefit our world for generations to come. Their deep understanding of the newest developments and trends in the Hydrogen marketplace will continue to advance dynaCERT as a global leader in the space. I am looking forward to joining dynaCERT’s world class team and contributing to our future generations by being a part of a company advancing hydrogen innovations.”
Jim Payne, President and CEO of dynaCERT stated, “The dynaCERT Board of Directors is very pleased and appreciative to welcome Jeff Zajac as a director of the Company. Jeff Zajac has the skill sets to support dynaCERT to a new beginning with an emphasis on Board collaboration and corporate growth. Our entire company, our stakeholders, clients, dealers and shareholders are joining me in greeting Jeff as dynamic strong supporters of green technology and the furtherance of our HydraGEN™ Technology on a global scale across many industries world-wide.”
The Company also issued 7,593,335 options, each option to purchase one common share of the Company at an exercise price of $0.30 per common share, expiring August 26, 2027, to its consultants, employees, officers and directors, under its option plan.
About dynaCERT Inc.
dynaCERT Inc. manufactures and distributes Carbon Emission Reduction Technology along with its proprietary HydraLytica™ Telematics, a means of monitoring fuel consumption and calculating GHG emissions savings designed for the tracking of possible future Carbon Credits for use with internal combustion engines. As part of the growing global hydrogen economy, our patented technology creates hydrogen and oxygen on-demand through a unique electrolysis system and supplies these gases through the air intake to enhance combustion, which has shown to lower carbon emissions and improve fuel efficiency. Our technology is designed for use with many types and sizes of diesel engines used in on-road vehicles, reefer trailers, off-road construction, power generation, mining and forestry equipment. Website: www.dynaCERT.com.
READER ADVISORY
Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. In particular, information relating to Jeff Zajac cannot be independently verified. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance of achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.
Forward-looking information is based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: uncertainty as to whether our strategies and business plans will yield the expected benefits; availability and cost of capital; the ability to identify and develop and achieve commercial success for new products and technologies; the level of expenditures necessary to maintain and improve the quality of products and services; changes in technology and changes in laws and regulations; the uncertainty of the emerging hydrogen economy; including the hydrogen economy moving at a pace not anticipated; our ability to secure and maintain strategic relationships and distribution agreements; and the other risk factors disclosed under our profile on SEDAR at www.sedar.com. Readers are cautioned that this list of risk factors should not be construed as exhaustive.
The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.
Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of the release.
On Behalf of the Board
Murray James Payne, CEO
For more information, please contact:
Jim Payne, CEO & President
dynaCERT Inc.
#101 – 501 Alliance Avenue
Toronto, Ontario M6N 2J1
+1 (416) 766-9691 x 2
jpayne@dynaCERT.com
Investor Relations
dynaCERT Inc.
Nancy Massicotte
+1 (416) 766-9691 x 1
nmassicotte@dynaCERT.com
Ownership in and operation of Thunder Hawk Field bolsters decommissioning work and end-of-life reserves as part of Helix’s Energy Transition model
HOUSTON--(BUSINESS WIRE)--Helix Energy Solutions Group, Inc. (NYSE: HLX) announced today that its wholly owned subsidiary Deepwater Abandonment Alternatives, Inc. (“DAA”) has acquired from MP Gulf of Mexico, LLC (“MP GOM”), a joint venture controlled by Murphy Exploration & Production Company – USA, all of MP GOM’s 62.5% interest in Mississippi Canyon Block 734, comprised of three wells and related subsea infrastructure, collectively known as the Thunder Hawk Field. Pursuant to the terms of the transaction, Helix receives the benefit of ownership of MP GOM’s interest, with a November 1, 2021 effective date purchase price adjustment resulting in nominal cash paid by MP GOM at closing, in exchange for the assumption of MP GOM’s abandonment obligations at the Thunder Hawk Field. In addition to anticipated future production revenue, DAA will operate the Thunder Hawk Field with Helix eventually expected to perform the required plug and abandonment operations.
Owen Kratz, President and Chief Executive Officer of Helix, stated, “This acquisition furthers Helix’s Energy Transition business model by taking on decommissioning obligations in exchange for production revenues. We have long communicated our unique position as a qualified offshore field operator that can also assume and efficiently discharge decommissioning obligations. We continue to pursue opportunities that enable us to enhance and extend the life of existing reserves and safely perform the related decommissioning of the infrastructure, in transactions that allow producers to remove non-core assets from their balance sheets. Following on from the past successful acquisition of our Droshky properties, we are excited to build upon this model with the acquired interest in the Thunder Hawk Field.”
About Helix
Helix Energy Solutions Group, Inc., headquartered in Houston, Texas, is an international offshore energy services company that provides specialty services to the offshore energy industry, with a focus on well intervention and robotics operations. For more information about Helix, please visit www.helixesg.com.
Forward-Looking Statements
This press release contains forward-looking statements that involve risks, uncertainties and assumptions that could cause results to differ materially from those expressed or implied by such forward-looking statements. All statements, other than statements of historical fact, are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, any statements regarding the Thunder Hawk transaction, the COVID-19 pandemic and oil price volatility and their respective effects and results, protocols and plans, current work continuing, the spot market, the ability to identify, effect and integrate acquisitions, joint ventures or other transactions; spending and cost reduction plans and the ability to manage changes; strategy; any statements regarding visibility and future utilization; any projections of financial items; any statements regarding future operations expenditures; any statements regarding plans, strategies and objectives for future operations; any statements regarding the ability to enter into, renew and/or perform commercial contracts; any statements concerning developments; any statements regarding ESG initiatives; any statements regarding future economic conditions or performance; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Forward-looking statements are subject to a number of known and unknown risks, uncertainties and other factors that could cause results to differ materially from those in the forward-looking statements, including but not limited to the results and effects of the COVID-19 pandemic and actions by governments, customers, suppliers and partners with respect thereto; market conditions; results from acquired properties; demand for services; the performance of contracts by suppliers, customers and partners; actions by governmental and regulatory authorities; operating hazards and delays, which include delays in delivery, chartering or customer acceptance of assets or terms of their acceptance; the ability to secure and realize backlog; the effectiveness of ESG initiatives and disclosures; human capital management issues; complexities of global political and economic developments; geologic risks; volatility of oil and gas prices and other risks described from time to time in reports filed with the SEC, including those most recently filed Annual Report on Form 10-K and in other filings with the SEC, which are available free of charge on the SEC’s website at www.sec.gov. We assume no obligation and do not intend to update these forward-looking statements, which speak only as of their respective dates, except as required by law.
Helix Energy Solutions Group, Inc.
Erik Staffeldt, Executive Vice President and CFO
email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Ph: 281-618-0400
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--$CLNE--Clean Energy Fuels Corp. (NASDAQ: CLNE), the largest provider of the cleanest fuel for the transportation market, announced new supply deals for renewable natural gas (RNG), as it forges ahead with development projects to meet the growing demand for the sustainable fuel made from organic waste.
“As fleet operators of large vehicles look at the entire alternative fuel landscape, RNG continues to rise to the top as they consider carbon reduction, ease in fueling, reliability and cost,” Chad Lindholm, Clean Energy's senior vice president for sales. “We continue to add new customers across all transportation sectors as they realize the benefits of RNG fueling.”
California Transportation Dynamics in Commerce, CA, a leading trucking company for 25 years, has signed a fueling agreement with Clean Energy for an approximate 1.2 million gallons of RNG for the length of the contract. CTD is migrating 40 diesel trucks to units powered by RNG.
“In today’s legislative climate it gets harder and harder for transportation companies to stay in business,” said Ed Rosas, CEO, California Transportation Dynamics. “We are thankful for Clean Energy’s assistance and advocacy to help us upgrade our fleet into compliant clean trucks.”
National Ready Mixed Concrete in Encino, CA has signed a fueling agreement for an estimated 130,000 gallons of RNG to power 13 trucks.
The City of Claremont, CA has signed a multi-year fueling agreement to power 20 refuse trucks with an anticipated 400,000 gallons of RNG.
NGL Logistics in Gardena, CA has added six new natural gas trucks to its fleet that will replace diesel trucks, and will fuel with an expected 260,000 gallons of RNG.
“This is our first time deploying RNG trucks and they are running extremely well for our operations,” said J.J. Lee, president of NGL Logistics. “NGL Logistics is proud that we can help reduce carbon emissions and improve air quality. We understand that this is a necessary environmental change and with our RNG-powered trucks we are closer to achieving that goal for our industry.”
In its first foray into converting its fleet to natural gas trucks, Gen Logistics, which services the Ports of Los Angeles and Long Beach, has signed a fueling contract with Clean Energy for an anticipated 30,000 gallons of RNG to power new trucks.
Growth in Vehicles and Infrastructure
Clean Energy added a large new transit customer, Trinity Metro, which serves Fort Worth, Texas one of the fastest growing large metropolitan areas in the U.S. The agreement is for operations and maintenance for 184 buses that will fuel with an expected 10.5 million gallons for the length of the contract.
Clean Energy was awarded a multi-year maintenance contract for another large new agency, Arlington Regional Transit, in Arlington, VA. ART’s station fuels 70 CNG buses an estimated 750,000 gallons annually.
Washington Metro Area Transit Authority has renewed an operations and maintenance contract with Clean Energy for its two Washington, DC area CNG stations that fuels 480 transit buses with an expected four million gallons annually.
The City of Mesa, Arizona has signed an operations and maintenance agreement for its refuse station which fuels 72 solid waste trucks with an approximate one million gallons of CNG.
The City of Lexington, KY has added seven new CNG refuse trucks to its fleet, expanding its existing fueling agreement by an anticipated 56,000 gallons. The City also granted Clean Energy a renewal of its 5-year operations and maintenance contract for the station.
Clean Energy has been awarded a contract to construct a fueling station for Elizabethtown Gas, a subsidiary of South Jersey Industries, to fuel 40 new natural gas refuse trucks for Waste Management in Lafayette, NJ. The contract includes a multi-year repair and maintenance contract with Waste Management and an estimated 350,000 annual gallons of CNG.
Bison Trucks Group, a shipping company in Orlando, FL, has signed a fueling agreement for an approximate 224,000 gallons of natural gas to fuel 14 trucks.
Howard Logistics and Solutions in Dallas has signed a fueling agreement for an approximate 105,000 gallons of CNG to power its trucks.
GFL Environmental, a refuse company in Edmonton, Alberta, Canada has signed an agreement to fuel 33 trucks with an expected 1.5 million gallons of CNG. In addition to the fueling agreement, the contract includes station improvements and operations and maintenance services.
RNG Supply Advances
Clean Energy continues to make significant investments in the production of additional RNG sources. The joint ventures with two of the most sustainability-committed global energy companies, TotalEnergies and bp, allows for the necessary capital to partner with dairy owners around the country.
Construction of the RNG digester at Del Rio Dairy in Friona, TX is near completion, with commissioning of RNG flow expected to begin in Q4 2022. When operational, the manure from 7,500 milking cows will produce more than a million gallons of RNG a year.
Significant engineering and development progress has been made at South Fork Dairy in Hart County, TX. When complete, the project will produce an anticipated 2.9 million gallons of RNG.
Construction is nearing completion at Marshall Ridge, Drumgoon and Victory dairy farms, located in South Dakota and Iowa. With more than 30,000 cows, these dairies have the estimated potential to convert the methane produced from waste into more than seven million gallons of RNG annually.
Clean Energy has also broken ground on two additional projects—Ash Grove Dairy in Minnesota and Tri-Cross Dairy in South Dakota.
At Millenkamp Dairy in Idaho, one of the largest in the country, construction is continuing with the completion of the digester tank slated for early-2023.
“We continue to make great progress on our RNG supply goals that we stated at the beginning of the year,” said Clay Corbus, senior vice president and head of renewable fuels. “Dairy owners are looking for a partner that can give them a known market as they develop their RNG supply, and no other company can do that like Clean Energy.”
About Clean Energy
Clean Energy Fuels Corp. is the country’s largest provider of the cleanest fuel for the transportation market. Our mission is to decarbonize transportation through the development and delivery of renewable natural gas (RNG), a sustainable fuel derived from organic waste. Clean Energy allows thousands of vehicles, from airport shuttles to city buses to waste and heavy-duty trucks, to reduce their amount of climate-harming greenhouse gas. We operate a vast network of fueling stations across the U.S. and Canada. Visit www.cleanenergyfuels.com and follow @ce_renewables on Twitter.
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that involve risks, uncertainties and assumptions, including without limitation statements about amounts of natural gas expected to be produced or consumed; numbers of vehicles expected to be deployed or financed; the benefits of Clean Energy’s fuels; the timing and scope of construction, maintenance, and other projects; the impacts of legislative and regulatory developments; and the value and scope of contracts. Actual results and the timing of events could differ materially from those anticipated in these forward-looking statements. The forward-looking statements made herein speak only as of the date of this press release and, unless otherwise required by law, Clean Energy undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. Additionally, the reports and other documents Clean Energy files with the SEC (available at www.sec.gov) contain risk factors, which may cause actual results to differ materially from the forward-looking statements contained in this news release.
Clean Energy Contact:
Raleigh Gerber
949-437-1397
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Investor Contact:
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Decreases Near-Term Capital Requirements and Aligns Digital Infrastructure Capacity with Owned Miners
EASTON, Md.--(BUSINESS WIRE)--$WULF #Bitcoin--TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), which owns and operates vertically integrated, domestic bitcoin mining facilities powered by more than 91% zero-carbon energy, is pleased to announce that the Company and a subsidiary of Talen Energy Corporation have reached an agreement to amend their existing joint venture agreement (the “Nautilus JV”) for the Nautilus Cryptomine bitcoin mining facility (the “Nautilus Cryptomine Facility”), which is located adjacent to, and will source zero-carbon nuclear power directly from, Talen’s 2.5 GW Susquehanna Station in Pennsylvania.
The Nautilus Cryptomine Facility benefits from one of the lowest electricity costs among publicly traded bitcoin mining peers in the United States with contracted power for the first 100 MW of gross mining capacity at $0.02 per kilowatt hour for an initial term of five years (the “Initial Block”). Under the amendments, TeraWulf will maintain the benefit of its previous share of 50 MW of the Initial Block at $0.02 per kilowatt hour. TeraWulf’s affiliate, Beowulf Electricity & Data Inc., will continue to operate the Nautilus Cryptomine facility pursuant to its previously announced facility services agreement.
Under the amended agreement, TeraWulf will retain a thirty-three percent (33%) ownership interest in the Nautilus JV. The Nautilus Cryptomine Facility has access to up to 300 MW of mining capacity from the Susquehanna Station, with each of the JV members having the right to increase digital infrastructure capacity at the site by 50 MW beyond the initial 200 MW planned. The Nautilus Cryptomine Facility is expected to be the first bitcoin mining facility site powered by 100% “behind the meter” zero-carbon nuclear energy. The Nautilus Cryptomine Facility remains on track to commence mining operations in Q4 2022.
Simultaneously with the amendments to the Nautilus JV, TeraWulf has reached a commercial understanding with Bitmain Technologies Limited (“Bitmain”) whereby TeraWulf’s previous payments are expected to be utilized for future antminer shipments comprised of Bitmain S19 XP and S19j Pro miners. The Company currently anticipates minimal additional cash payments to complete its miner purchases for existing minor orders. This arrangement is expected to provide TeraWulf the flexibility to align the timing and delivery of miners with the infrastructure deployment at TeraWulf’s two facilities.
TeraWulf’s Co-Founder and CEO, Paul Prager, commented, “The amendments to the Nautilus JV agreement enable TeraWulf to reduce our near-term capital obligations at the Nautilus Cryptomine Facility, while preserving opportunities for future capacity expansion.” Prager continued, “The amended joint venture will now focus on infrastructure investment and governance only, enabling each party to deploy its own miners. With these modifications, TeraWulf can optimize two critical value drivers for the Company; 50 MW of two cent power for five years at the Nautilus facility, and deploying miners at our wholly owned Lake Mariner facility, where we are aggressively ramping operations.”
As previously announced, TeraWulf recently energized the first dedicated mining building at its Lake Mariner facility for a total online digital capacity of approximately 60 MW. Building 2 is expected to add another 50 MW of mining capacity in the fourth quarter, for a total targeted year-end capacity of 110 MW. Once complete, Lake Mariner has the capacity to reach over 500 MW of low-cost infrastructure capacity in a location that leverages its proximity to abundant hydroelectric power and minimal demand, which together translate into low around-the-clock power prices.
Nazar Khan, TeraWulf’s CTO and COO, commented, “The amended Nautilus JV agreement right-sizes the Company’s deployment of miners. This should enable TeraWulf to effectively deploy its near-term miner deliveries with its energized digital infrastructure in New York, where we have the most efficient infrastructure cost and power cost, thereby optimizing the financial benefit of self-mining for our stakeholders.”
Additional information about this amended joint venture arrangement can be found in a current report on Form 8-K filed with the Securities and Exchange Commission. The Company also intends to update its Investor Presentation reflecting these and other changes in the near future.
Upcoming Investor Event
TeraWulf announced the Company will be speaking at the SALT New York 2022 conference taking place September 12-14, 2022, in New York City. Details on this and other scheduled events are subject to change and additional information can be found on the TeraWulf Investor Relations website at www.investors.terawulf.com under the “Events & Presentations” section.
About TeraWulf
TeraWulf (Nasdaq: WULF) owns and operates vertically integrated environmentally clean bitcoin mining facilities in the United States. Led by an experienced group of energy entrepreneurs, the Company is currently developing two mining facilities, Lake Mariner in New York and the Nautilus Cryptomine Facility in Pennsylvania, with the objective of over 800 MW of mining capacity deployed by 2025, enabling over 23 exahash per second of expected hashrate. TeraWulf generates domestically produced bitcoin powered by nuclear, hydro, and solar energy with a goal of utilizing 100% zero-carbon energy. With a core focus of ESG that ties directly to its business success, TeraWulf expects to offer attractive mining economics at an industrial scale.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, as amended. Such forward-looking statements include statements concerning anticipated future events and expectations that are not historical facts. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements. In addition, forward-looking statements are typically identified by words such as "plan," "believe," "goal," "target," "aim," "expect," "anticipate," "intend," "outlook," "estimate," "forecast," "project," "continue," "could," "may," "might," "possible," "potential," "predict," "should," "would" and other similar words and expressions, although the absence of these words or expressions does not mean that a statement is not forward-looking. Forward-looking statements are based on the current expectations and beliefs of TeraWulf's management and are inherently subject to a number of factors, risks, uncertainties and assumptions and their potential effects. There can be no assurance that future developments will be those that have been anticipated. Actual results may vary materially from those expressed or implied by forward-looking statements based on a number of factors, risks, uncertainties and assumptions, including, among others: (1) conditions in the cryptocurrency mining industry, including fluctuation in the market pricing of bitcoin and other cryptocurrencies, and the economics of cryptocurrency mining, including as to variables or factors affecting the cost, efficiency and profitability of cryptocurrency mining; (2) competition among the various providers of cryptocurrency mining services; (3) changes in applicable laws, regulations and/or permits affecting TeraWulf's operations or the industries in which it operates, including regulation regarding power generation, cryptocurrency usage and/or cryptocurrency mining; (4) the ability to implement certain business objectives and to timely and cost-effectively execute integrated projects; (5) failure to obtain adequate financing on a timely basis and/or on acceptable terms with regard to growth strategies or operations; (6) loss of public confidence in bitcoin or other cryptocurrencies and the potential for cryptocurrency market manipulation; (7) the potential of cybercrime, money-laundering, malware infections and phishing and/or loss and interference as a result of equipment malfunction or break-down, physical disaster, data security breach, computer malfunction or sabotage (and the costs associated with any of the foregoing); (8) the availability, delivery schedule and cost of equipment necessary to maintain and grow the business and operations of TeraWulf, including mining equipment and infrastructure equipment meeting the technical or other specifications required to achieve its growth strategy; (9) employment workforce factors, including the loss of key employees; (10) litigation relating to TeraWulf, IKONICS and/or the business combination; (11) the ability to recognize the anticipated objectives and benefits of the business combination; and (12) other risks and uncertainties detailed from time to time in the Company's filings with the Securities and Exchange Commission ("SEC"). Potential investors, stockholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they were made. TeraWulf does not assume any obligation to publicly update any forward-looking statement after it was made, whether as a result of new information, future events or otherwise, except as required by law or regulation. Investors are referred to the full discussion of risks and uncertainties associated with forward-looking statements and the discussion of risk factors contained in the Company's filings with the SEC, which are available at www.sec.gov.
Sandy Harrison
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(410) 770-9500
PITTSBURGH--(BUSINESS WIRE)--Power management company Eaton (NYSE:ETN) today announced Matt Hockman has been named president of its Crouse-Hinds, B-Line and Oil and Gas organization. In this role, Hockman will lead Eaton’s global team focused on technologies and structural solutions designed for harsh and hazardous environments applied in commercial construction, oil and gas, mining and other industrial settings. He will report directly to Heath Monesmith, president and chief operating officer of Eaton’s Electrical Sector. Hockman succeeds Scott Hearn who retired from Eaton after nearly 14 years with the company.
Hockman has 25 years of experience within the company across sales, marketing, operations and management functions, and most recently served as senior vice president and general manager of Eaton’s Power Distribution and Control Assemblies division.
Hockman has a bachelor’s degree in business economics from North Dakota State University.
Eaton is an intelligent power management company dedicated to improving the quality of life and protecting the environment for people everywhere. We are guided by our commitment to do business right, to operate sustainably and to help our customers manage power ─ today and well into the future. By capitalizing on the global growth trends of electrification and digitalization, we’re accelerating the planet’s transition to renewable energy, helping to solve the world’s most urgent power management challenges, and doing what’s best for our stakeholders and all of society.
Founded in 1911, Eaton has been listed on the NYSE for nearly a century. We reported revenues of $19.6 billion in 2021 and serve customers in more than 170 countries. For more information, visit www.eaton.com. Follow us on Twitter and LinkedIn.
Jennifer Tolhurst, (440) 523-4006, This email address is being protected from spambots. You need JavaScript enabled to view it.
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