CANSO, Nova Scotia--(BUSINESS WIRE)--$MAXQ--Today, Nova Scotia is a step closer to becoming a global destination for commercial space launch as Maritime Launch Services (Nova Scotia) Ltd. (Maritime Launch or “the Company”) (NEO: MAXQ, OTCQB: MAXQF) is approved to begin construction of Spaceport Nova Scotia – Canada’s first commercial spaceport.
“Today is historic. Nova Scotia is the safest and most globally competitive location to launch satellites into space and today we are closer to realizing this potential,” says Stephen Matier, President and CEO, Maritime Launch, adding, “We are grateful to the team of global experts in design, construction, environmental protection and spaceport operations who have been working with us every step of the way to develop a world class launch site with a focus on safety and environmental stewardship. Space launch from Nova Scotia will position Canada as a global leader in low earth orbit satellite communications while creating hundreds of direct and indirect jobs in the province.”
Today’s approval confirms that Maritime Launch has satisfied the conditions related to construction of Spaceport Nova Scotia within the Environmental Assessment approval granted in 2019. The launch facility will be built on crown land in accordance with a 20-year lease of approximately 335 acres near the rural communities of Canso, Little Dover and Hazel Hill, Nova Scotia. The lease includes an option for a 20-year renewal based on compliance with terms and conditions.
With geotechnical exploratory work complete, Maritime Launch will now begin construction activity on the site.
“This is a good day for Nova Scotia – particularly rural Nova Scotia - as Spaceport Nova Scotia will create many jobs, education and partnership opportunities while boosting the province’s economy,” said Tim Houston, Premier of Nova Scotia. “We’re proud to be a destination for the growing and competitive global commercial space industry.”
With the development of Spaceport Nova Scotia, Maritime Launch expects that other national and international space companies will choose to establish a corporate presence in Nova Scotia to be near the Company’s commercial launch facilities.
“Today’s announcement is the result of extensive consultation and engagement with local communities, the Mi’kmaq, the Municipality of the District of Guysborough and the Province of Nova Scotia,” says Matier. “Our local host communities, the Mi’kmaq and all Nova Scotians can be confident that we will build and operate the spaceport with a focus on safety and environmental stewardship. This was our focus when we began the initiative years ago and it remains our commitment for the future.”
About Maritime Launch
Maritime Launch is a Canadian-owned commercial space company based in Nova Scotia. Maritime Launch is developing Spaceport Nova Scotia, a launch site that will provide satellite delivery services to clients in support of the growing commercial space transportation industry over a wide range of inclinations. The development of this facility will allow for medium class launch vehicles to place their satellites into low-earth orbit. This will be the first commercial orbital launch complex in Canada.
Forward Looking Statements
This news release contains "forward-looking statements" within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements.
Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". The forward-looking information and forward-looking statements contained herein include, but are not limited to, statements regarding: the timing of spaceport construction and ability to launch medium class vehicles.
Forward-looking statements in this news release are based on certain assumptions and expected future events, namely: the Company’s ability to continue as a going concern; the Company’s ability to continue to develop revenue-generating applications; continued approval of the Company’s activities by the relevant governmental and/or regulatory authorities; the continued growth of the Company; the Company’s ability to finance its operations until profitability can be achieved and sustained.
These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the potential inability of the Company to continue as a going concern; risks associated with potential governmental and/or regulatory action with respect to the Company’s operations; the inability of the Company to provide the enumerated services; and availability of launch vehicles.
Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.
Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect the Company’s expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.
Maritime Launch
Sarah McLean, Vice President, Communications and Corporate Affairs
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www.maritimelaunch.com
902.402.6947
Announcing the World’s Most Affordable Way to Seismically Survey in Shallow Water
HOUSTON--(BUSINESS WIRE)--#energyexploration--Geospace Technologies (NASDAQ: GEOS) today announced the release of a new seismic acquisition product known as Mariner™, a continuous, cable-free, four channel autonomous, shallow water ocean bottom recorder.
Mariner is the next generation node designed for extended duration seabed ocean bottom seismic data acquisition. The slim profile nodes are ideally deployed as deep as 750 meters. The device continuously records for up to 70 days and offers more rapid recharging times. Its slim profile creates space savings on seismic survey vessels, allowing contractors to fit up to 25% more nodes into a download/charge container.
“After more than a decade of leading the industry in the development of wireless ocean bottom nodes, we’re thrilled to launch our new Mariner product offering at the International Meeting for Applied Geoscience and Energy,” said Walter “Rick” Wheeler, president and CEO of Geospace Technologies. “It’s been an enormous reward to see our product engineers leverage their specialized skills and experience to design and manufacture Mariner to be highly affordable, both in its initial cost as well as its savings over the lifetime of ownership by way of improved logistics, operations, maintenance, and repair.”
Similar to Geospace’s innovative GCL seismic system, Mariner has wireless connector-free charging and data download functionality. Additional features of the Mariner include an internal heading sensor and solid-state flash memory up to 32 GB per channel. Mariner’s four channel node uses all Geospace designed and manufactured sensor components including three patented, high sensitivity GS-ONE geophones configured tri-axially along with an MP-18 BH hydrophone. The built-in full resolution test generator offers users the added security of a fully functional recorder capable of high-fidelity data acquisition.
Mariner is fully compatible with the Geospace Equipment Manager (GEM) 4.0 Unified Interface, a proprietary software package of GeoUtilities, GeoReaper and GeoMerge, that incorporates the power of distributive computing, allowing a single operator interface to control the scalable data collection and delivery needs of any sized crew.
For more information on the Mariner product and its specifications, please visit https://www.geospace.com/products/marine-exploration/mariner/.
About Geospace Technologies
Geospace principally designs and manufactures seismic instruments and equipment. We market our seismic products to the oil and gas industry to locate, characterize and monitor hydrocarbon-producing reservoirs. We also market our seismic products to other industries for vibration monitoring, border and perimeter security and various geotechnical applications. We design and manufacture other products of a non-seismic nature, including water meter products, imaging equipment, offshore cables, remote shutoff water valves and Internet of Things (IoT) platform and provide contract manufacturing services. Learn more at www.geospace.com.
Media Contact: Caroline Kempf, This email address is being protected from spambots. You need JavaScript enabled to view it., 321.341.9305
HOUSTON--(BUSINESS WIRE)--#dataanalytics--Katalyst Data Management announced today that it will acquire the Rio de Janeiro-based oil and gas data product and service provider Geopost Energy. Geopost Energy provides instant online access to integrated data of all types, including seismic, interpretations, and well logs production data to its clients. In addition, Geopost offers continuously updated information and news on all aspects of Brazil’s offshore and onshore E&P activities. The acquisition represents an important expansion to the South American region for Katalyst, underpinning their increasing capabilities to support their customers in any region they operate. The Brazilian office will act as a hub for Katalyst in South America and add to Katalyst’s global footprint including data centers in Canada, the United States, the United Kingdom, Australia, and Malaysia.
The transaction is subject to customary closing conditions.
Global reach for end-to-end subsurface data management
“This acquisition marks another milestone in our journey to have a presence in major oil and gas data markets across the globe,” said Katalyst President and CEO, Steve Darnell. “We have long admired the technology and services that Geopost brings to the market. In addition to the growth of Geopost’s products into our existing regions, we are excited about our ability to incorporate their key technologies into iGlass and SeismicZone. We believe this will greatly enhance our already industry leading capabilities.”
“We are thrilled to become part of the Katalyst family," said Christiano Lopes, Geopost’s CEO. “The combination of Katalyst’s industry leading organization, global footprint, and expertise with the technology and services developed by Geopost will contribute to a broader solution generating new opportunities in multiple regions. It is a huge opportunity for us as we advance.”
About Katalyst
Katalyst Data Management provides a complete data management solution assisting oil and gas companies with the difficult challenge of managing the vast amount of subsurface data and information acquired for exploration and production. Katalyst’s end-to-end solution includes every step in the process, from data capture and verification, data storage and organization, to marketing seismic data online. Katalyst’s signature offerings include the web-based iGlass solution for subsurface data management and the ecommerce site SeismicZone for data marketing. To learn more about Katalyst, visit www.katalystdm.com.
About Geopost Energy
With their leading technology platform, Geopost provides instant access to data related to the E&P market (e.g., seismic data, interpretations, wells, production charts, bidding round history, E&P assets, and others). Everything is built into a fluid and easy-to-use platform. The environment combines customer’s private library with automatically updated information covering all aspects of Brazil's E&P Offshore and Onshore activities. Geopost is an essential tool for your technical and business team.
Katalyst Data Management
Steve Darnell, President and CEO
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+1 281.529.3202
Geopost Energy
Christiano Lopes, CEO
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+55 21 3535 9698
DUBLIN--(BUSINESS WIRE)--The "Polypropylene & High-impact Polystyrene Market By Application, By Material: Global Opportunity Analysis and Industry Forecast, 2021-2031" report has been added to ResearchAndMarkets.com's offering.
The global polypropylene & high-impact polystyrene market was valued at $49.6 billion in 2021, and is projected to reach $81.1 billion by 2031, growing at a CAGR of 5.1% from 2022 to 2031.
The thermoplastic polymers polypropylene (PP) and high-impact polystyrene (HIPS), often known as PS, were first commercially introduced in the 1950s. They both have a low cost per unit weight, good heat resistance, excellent electrical insulation properties, and a wide range of chemical resistance. HIPS can be found in foam cups or various building components, such as doors and windows frames, while PP is used to produce supermarket bags and other throwaway packaging.
Increase in building activities, the developing packaging industry, and rise in demand for consumer products and electronics, and domestic applications are some of the primary drivers for the market growth. In addition, the market witnesses a number of notable developments, including adoption of automation in the injection molding process, increase in the usage of lightweight materials, and increase in packaging innovations.
Furthermore, strong demand for polypropylene and HIPS across a variety of end-use sectors, as well as growing awareness of the benefits of these materials in terms of sustainability over other options, such as glass or metal, drive the expansion of the market. Furthermore, increase in the number of recycling programs in wealthy economies is expected to boost the plastic usage globally.
The polypropylene & high-impact polystyrene market for injection molding is segmented on the basis of material, application, and region. By material, the market is segregated into polypropylene and high-impact polystyrene. On the basis of application, it is fragmented into consumer goods & electronics, household, packaging, horticulture & agriculture, construction, automotive, textile, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in this report include, LyondellBasell, SABIC, Exxon Mobil Corporation, INEOS, KISCO LTD., Innova, Resilient Plastics Pvt. Ltd., King Plastic Corporation, China Petroleum & Chemical Corporation (Sinopec Limited), and LG Chem. The global polypropylene & high-impact polystyrene market for injection molding report provides in-depth competitive analysis as well as profiles of these major players.
Key Benefits For Stakeholders
Key Market Segments
By Application
By Material
By Region
Key Market Players
Key Topics Covered:
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: POLYPROPYLENE & HIGH-IMPACT POLYSTYRENE MARKET, BY APPLICATION
CHAPTER 5: POLYPROPYLENE & HIGH-IMPACT POLYSTYRENE MARKET, BY MATERIAL
CHAPTER 6: POLYPROPYLENE & HIGH-IMPACT POLYSTYRENE MARKET, BY REGION
CHAPTER 7: COMPANY LANDSCAPE
CHAPTER 8: COMPANY PROFILES
For more information about this report visit https://www.researchandmarkets.com/r/3jjd9g
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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HOUSTON--(BUSINESS WIRE)--#MLP--Opportune LLP, a leading global energy business advisory firm, is pleased to announce that Daniel Rojo has joined the firm as Co-Head and Managing Director of Opportune Partners LLC, an independent investment banking and financial advisory affiliate of Opportune LLP.
Based in the firm’s Houston office, Mr. Rojo joins the investment banking practice, bringing more than 15 years of energy investment banking experience with a principal focus on serving client needs around A&D and M&A transaction advisory including strategic positioning, risk assessment, reservoir and property evaluations, financial strategy and valuation.
“I am honored to have the opportunity to partner with the accomplished team at Opportune to help establish and grow Opportune’s investment banking practice,” said Mr. Rojo.
Before Opportune, Mr. Rojo served as Managing Director – Head of A&D at Wells Fargo Securities where he was responsible for leading all A&D and technical advisory efforts for the energy investment bank, having advised on more than $30 billion in upstream sell-side and buy-side transactions, spanning all major shale basins. Prior to Wells Fargo, he was an Associate and one of the founding members of BNP Paribas’ A&D team.
Mr. Rojo holds an MBA and BA in Economics from Rice University. He is also a FINRA Series 79 and 63 registered representative.
“I am very excited to partner with Daniel to build the investment banking practice at Opportune,” added Daniel Kohl, Co-Head and Managing Director of Opportune Partners LLC. “His experiences bring a new dimension to the practice and will help the firm deliver top quality transactional advisory for our clients.”
“Daniel Rojo adds impressive A&D and M&A advisory experience and a deep roster of key relationships,” commented David Baggett, Manager Partner of Opportune. “Our leadership team in Houston of Managing Directors Daniel Kohl and Daniel Rojo, supported by James Hanson, a Managing Director in our New York office, will deliver immense value to our clients.”
This announcement follows Opportune Partners’ recent hiring of Ryan Culpepper as Vice President of Engineering and Morgan Rosenberg as Vice President of Geology, adding two highly experienced advisors to further strengthen the firm’s investment banking practice.
About Opportune Partners LLC
Opportune Partners LLC is an independent investment banking and financial advisory affiliate of Opportune LLP. Opportune Partners LLC is a member of the Opportune Network and a member of FINRA and SIPC. Opportune Partners LLC is not engaged in the practice of public accountancy. For more information on Opportune LLP and Opportune Partners LLC, please visit www.opportune.com.
About Opportune LLP
Opportune LLP is a leading global energy business advisory firm specializing in adding value to clients across the energy industry, including upstream, midstream, downstream, power and gas, commodities trading, and oilfield services. Opportune’s service lines include complex financial reporting, disputes and litigations, enterprise risk, investment banking, outsourcing, process and technology, reserve engineering and geosciences, restructuring, strategy and organizational design, tax, transactional due diligence, and valuation. For additional information, please visit www.opportune.com.
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SWINDON, England--(BUSINESS WIRE)--Sensata Technologies Holding plc (NYSE: ST) (“Sensata Technologies”) today announced that its indirect wholly owned subsidiary, Sensata Technologies B.V. (the “Issuer”), intends to redeem in full all $500,000,000 in aggregate principal amount of its outstanding 4.875% Senior Notes due 2023 (the “Notes”). The redemption will be made in accordance with the terms of the indenture governing the Notes and the terms of the notice of redemption being delivered to all registered holders of the Notes.
The Issuer expects to redeem the Notes on September 28, 2022 (the “Redemption Date”) at a redemption price equal to 100.000% of the aggregate principal amount of the outstanding Notes, plus the “make whole” premium, plus accrued and unpaid interest to (but not including) the Redemption Date (the “Redemption Price”). The Redemption Price will be due and payable on the Redemption Date upon surrender of the Notes.
The notice of redemption is being delivered to all registered holders of the Notes by The Bank of New York Mellon, the trustee for the Notes (the “Trustee”). Copies of the notice of redemption may be obtained from the Trustee by calling 1-800-254-2826.
This press release is for informational purposes only and shall not constitute an offer to sell or a solicitation of an offer to buy the Notes or any other securities.
About Sensata Technologies
Sensata Technologies is a global industrial technology company striving to create a cleaner, more efficient, electrified and connected world. Through its broad portfolio of sensors, electrical protection components and sensor-rich solutions which create valuable insights, Sensata helps its customers address increasingly complex engineering and operating performance requirements. With more than 21,000 employees and operations in 13 countries, Sensata serves customers in the automotive, heavy vehicle & off-road, industrial, and aerospace markets.
Safe Harbor Statement
Statements in this release which are not historical facts, such as those that may be identified by the use of words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “feel,” “forecast,” “intend,” “may,” “plan,” “potential,” “project,” “should,” “would,” and similar expressions, are forward-looking statements under the provisions of the Private Securities Litigation Reform Act of 1995. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. These risks and uncertainties include, but are not limited to, the consummation of the offering by the Issuer and the use of proceeds. Detailed information about some of the other known risks is included in our Annual Report on Form 10-K for the year ended December 31, 2021 and our other reports filed with the Securities and Exchange Commission. Because actual results could differ materially from our intentions, plans, expectations, assumptions, and beliefs about the future, you are urged to view all forward-looking statements contained in this news release with caution. Except as required by applicable law, we do not undertake to publicly update or revise any of these forward-looking statements, whether as a result of new information, future events, or otherwise.
Media:
Alexia Taxiarchos
Head of Media Relations
+1 (508) 236-1761
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Investor:
Jacob Sayer
Vice President, Finance
+1 (508) 236-1666
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RESTON, Va.--(BUSINESS WIRE)--Bowman Consulting Group Ltd. (the “Company” or “Bowman”) (NASDAQ: BWMN), today announced the purchase of Anchor Consultants LLC (“Anchor”). Headquartered in Chadds Ford, Pennsylvania, Anchor specializes in the planning, inspection, design, environmental permitting, dredging engineering, and construction management of waterfront infrastructure along coastal and inland waterways throughout North America. Under the leadership of Ahmad Nadeem, PE, the company’s founder, Anchor’s experience ranges from industrial ports and harbors to urban waterfront development. On the industrial side, Anchor services facilities handling bulk materials and containerized freight. On the urban side, Anchor services commercial and mixed-use waterfront developments, ferry terminals, and recreational docks. Anchor has also worked on military port facilities and cruise terminals.
“The acquisition of Anchor furthers our diversification initiative adding to our customer base that builds and maintains critical infrastructure,” said Gary Bowman, CEO of Bowman. “Ports and harbors are a critical component of the nation’s infrastructure and Anchor provides us with a solid platform from which to build our presence and market share in this growing space. Ahmad has built a great team of experienced marine engineers serving an impressive list of clients with a broad array of services. Their expertise in waterfront planning, design and engineering will enable us to provide these services to many of our current clients and gain immediate cross-selling opportunities for our client relationship managers.”
“Bowman’s vision for expanding Anchor's business was extremely compelling to us,” said Ahmad Nadeem, founder of Anchor. “Being part of a larger organization with more resources and a national footprint will no doubt facilitate accelerated growth for us. Bowman’s culture aligns with what we have worked so hard to build here at Anchor and that was a major factor in our decision to join with them. We are grateful for the trust that Gary and his team have placed in us to build Bowman’s ports and harbors and waterfront engineering practice.”
The Company expects the Anchor acquisition to initially contribute approximately $2.5 million of annualized net service billing and be immediately accretive. The transaction was financed with a combination of cash and notes including an unsecured seller note and a convertible seller note with an $18.00 per share conversion option.
“Anchor is our fifth acquisition of 2022, bringing the total annualized net revenue we have acquired this year to just under $50 million,” said Bruce Labovitz, Bowman’s CFO. “The Anchor acquisition, which was transacted well within our target multiple range, meets all objectives for operating metrics, revenue synergy and cross-selling opportunities. As is our practice, we will provide more detailed information on M&A activities, pipeline, and guidance in connection with our scheduled quarterly communications.”
About Anchor Consultants
Anchor Consultants, LLC provides engineering services related to waterfront facilities with primary focus on port facilities. The highly skilled engineers of Anchor have extensive experience in feasibility studies; cost estimation; planning; under and above water inspection & investigation; design; permitting; construction inspection & management; dredging; and claim and litigation support. Anchor uses state of the art technology for analysis and design projects. Anchor’s client list includes both public and private clients. Anchor’s engineers have planned, analyzed, permitted, and designed numerous waterfront facilities. Anchor has also engineered the dredging of port facilities including sediment sampling and testing, environmental permitting, securing AUD, and managing the dredging and disposal operations. For more information on Anchor, their projects, and services, visit www.anchor-consultants.com.
About Bowman Consulting Group Ltd.
Headquartered in Reston, Virginia, Bowman is an engineering services firm delivering infrastructure solutions to customers who own, develop, and maintain the built environment. With over 1,700 employees and more than 65 offices throughout the United States, Bowman provides a variety of planning, engineering, construction management, commissioning, environmental consulting, geomatics, survey, land procurement and other technical services to customers operating in a diverse set of regulated end markets. Bowman trades on the Nasdaq under the symbol BWMN. For more information, visit bowman.com or investors.bowman.com.
Forward-Looking Statements
This press release may contain “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements contained in this press release other than statements of historical fact, including statements regarding our future results of operations and financial position, business strategy and plans and objectives for future operations, are forward-looking statements and represent our views as of the date of this press release. The words “anticipate”, “believe”, “continue”, “estimate”, “expect”, “intend”, “may”, “will”, “goal” and similar expressions are intended to identify forward-looking statements. We have based these forward-looking statements on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives and financial needs, These forward-looking statements are subject to several assumptions and risks and uncertainties, many of which involve factors or circumstances that are beyond our control that could affect our financial results. The Company cautions that these statements are qualified by important factors that could cause actual results to differ materially from those reflected by the forward-looking statements contained in this news release. Such factors include: (a) changes in demand from the local and state government and private clients that we serve; (b) general economic conditions, nationally and globally, and their effect on the market for our services; (c) competitive pressures and trends in our industry and our ability to successfully compete with our competitors; (d) changes in laws, regulations, or policies; and (e) the “Risk Factors” set forth in the Company’s most recent SEC filings. Considering these risks, uncertainties and assumptions, the future events and trends discussed in this press release may not occur and actual results could differ materially and adversely from those anticipates or implied in any forward-looking statements. Except as required by law, we are under no obligation to update these forward-looking statements after the date of this press release, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements.
Investor Relations Contacts
Bruce Labovitz
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(703) 787-3403
Megan McGrath
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(310) 622-8248
SAN ANTONIO--(BUSINESS WIRE)--NuStar Energy, L.P. (NYSE: NS) today announced that its 2021 Schedule K-3, reflecting items of international tax relevance, is available online. Unitholders requiring this information may access their Schedules K-3 at www.nustarenergy.com in the Investors section of the website.
A limited number of unitholders (primarily foreign unitholders, unitholders computing a foreign tax credit on their tax return and certain corporate and/or partnership unitholders) may need the detailed information disclosed on Schedule K-3 for their specific reporting requirements. To the extent Schedule K-3 is applicable to your return filing needs, we encourage you to review the information contained on this form and refer to the appropriate federal laws and guidance or consult with your tax advisor.
To receive an electronic copy of Schedule K-3 via email, NuStar Energy, L.P. unitholders may call Tax Package Support toll free at (844) 364-7560 for Series A, Series B and Series C preferred units and (800) 310-6595 for common units weekdays between 8 a.m. and 5 p.m. CT.
NuStar Energy L.P., a publicly traded master limited partnership based in San Antonio, Texas, is one of the largest independent liquids terminal and pipeline operators in the nation. NuStar currently has approximately 10,000 miles of pipeline and 63 terminal and storage facilities that store and distribute crude oil, refined products, renewable fuels, ammonia and specialty liquids. The partnership’s combined system has approximately 49 million barrels of storage capacity, and NuStar has operations in the United States and Mexico. For more information, visit NuStar Energy L.P.’s website at www.nustarenergy.com and its Sustainability page at https://sustainability.nustarenergy.com/.
Investors, Pam Schmidt, Vice President, Investor Relations
Investor Relations: 210-918-INVR (4687)
or
Media, Mary Rose Brown, Executive Vice President and Chief Administrative Officer,
Corporate Communications: 210-918-2314 / 210-410-8926
HOUSTON--(BUSINESS WIRE)--$TELL #LNG--Tellurian Inc. (Tellurian or the Company) (NYSE American: TELL) today announced that it intends to offer and sell units consisting of 11.25% senior secured notes due 2027 ($1,000 principal amount per note) and warrants to purchase shares of Tellurian common stock in an underwritten public offering. There can be no assurance as to whether or when the offering may be completed, or as to the size or terms of the offering. The Company intends to use the net proceeds from the offering by contributing them to the Driftwood Project entities to support the construction of the Driftwood Project.
B. Riley Securities, Inc. is acting as sole bookrunning manager for the offering.
The offering is being made pursuant to an effective shelf registration statement of the Company previously filed with the Securities and Exchange Commission (the SEC). The offering may be made only by means of a prospectus supplement and the accompanying prospectus. Copies of the preliminary prospectus supplement for the offering and the accompanying prospectus may be obtained by sending a request to B. Riley Securities, Inc., Attention: Prospectus Department, 1300 North 17th Street, Suite 1300, Arlington, Virginia 22209; Telephone: (703) 312-9580, or by emailing This email address is being protected from spambots. You need JavaScript enabled to view it..
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any state or jurisdiction in which such offer, solicitation or sale of these securities would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Tellurian Inc.
Tellurian is developing a portfolio of natural gas production, LNG marketing and trading, and infrastructure that includes an ~ 27.6 mtpa LNG export facility and an associated pipeline. Tellurian is based in Houston, Texas, and its common stock is listed on the NYSE American under the symbol “TELL.”
CAUTIONARY INFORMATION ABOUT FORWARD-LOOKING STATEMENTS
Statements in this press release related to the Company’s public offering of units and all other statements other than statements of historical fact are forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to a number of risks and uncertainties that may cause actual results to differ materially from the forward-looking statements. Tellurian urges you to carefully review and consider the cautionary statements made in this press release, the registration statement, the “Risk Factors” section of the preliminary prospectus supplement for the offering and of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021, and other filings with the SEC for further information on risks and uncertainties that could affect the Company’s business, financial condition and results of operations. The Company cautions you not to place undue reliance on forward-looking statements, which speak only as of the date made. Tellurian undertakes no obligation to update any forward-looking statements in order to reflect any event or circumstance occurring after the date of this press release or currently unknown facts or conditions or the occurrence of unanticipated events. All forward-looking statements are qualified in their entirety by this cautionary statement.
Media:
Joi Lecznar
EVP Public and Government Affairs
Phone +1.832.962.4044
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Investors:
Matt Phillips
Vice President, Investor Relations
Phone +1.832.320.9331
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HOUSTON--(BUSINESS WIRE)--Helix Energy Solutions Group, Inc. (NYSE: HLX) announced today that it will participate in the upcoming following events:
Any investor presentation provided during the conferences will be publicly available and may be accessed on the “For the Investor” page of Helix’s website, www.HelixESG.com.
About Helix
Helix Energy Solutions Group, Inc., headquartered in Houston, Texas, is an international offshore energy services company that provides specialty services to the offshore energy industry, with a focus on well intervention and robotics operations. For more information about Helix, please visit our website at www.HelixESG.com.
Erik Staffeldt, Executive Vice President and CFO
email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Ph: 281-618-0465
HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) (“Valaris” or the “Company”) today announced that it has been rated the No. 1 offshore driller in EnergyPoint Research’s 2022 customer satisfaction survey covering offshore contract drillers. This annual benchmark survey is the industry standard for independent customer satisfaction ratings and rankings of global contract drillers.
Valaris rated No. 1 in total satisfaction, health safety and environment (HSE), job quality, deepwater wells, digital and big data, HPHT applications, and for satisfaction in Latin America and Mexico, Middle East & North Africa, and Sub-Sahara Africa.
President and Chief Executive Officer Anton Dibowitz said, “We are pleased to be recognized by our customers as the leading offshore driller in total satisfaction. This award is a testament to the exceptional work that our dedicated offshore crews and onshore support teams perform in partnership with our customers. I am also extremely proud that we were rated first in the health, safety and environment category. Delivering safe, reliable and efficient operations is our number one priority every day, and it is gratifying that our efforts in this area have been recognized by our customers.”
About Valaris Limited
Valaris Limited (NYSE: VAL) is the industry leader in offshore drilling services across all water depths and geographies. Operating a high-quality rig fleet of ultra-deepwater drillships, versatile semisubmersibles and modern shallow-water jackups, Valaris has experience operating in nearly every major offshore basin. Valaris maintains an unwavering commitment to safety, operational excellence, and customer satisfaction, with a focus on technology and innovation. Valaris Limited is a Bermuda exempted company (Bermuda No. 56245). To learn more, visit our website at www.valaris.com.
About EnergyPoint Research, Inc.
EnergyPoint Research conducts independent research regarding customer satisfaction in the global energy industry. Founded in 2003, the firm publishes its closely watched annual customer satisfaction ratings and rankings in several segments, including land drillers, offshore drillers, oilfield products, oilfield services and midstream services. For more information concerning EnergyPoint and its offerings, visit the company’s website at www.energypointresearch.com.
Investor & Media Contacts:
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+1-713-979-4623
Tim Richardson
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Vince Canino joins as COO, finance team continues to evolve
WILSONVILLE, Ore.--(BUSINESS WIRE)--$GWH #batteries--ESS Inc. (NYSE:GWH), a leading manufacturer of long-duration iron flow batteries for commercial and utility-scale energy storage applications, today announced changes to its executive leadership team.
Vince Canino has been named Chief Operating Officer, adding significant depth to ESS leadership as the Company continues its global expansion. Canino most recently served as CEO and President of the Smardt Chiller Group, having led a global operations team across five continents with responsibility for double-digit growth, M&A activities and significant product line expansions. Smardt is the global leader in oil-free chillers which provide significant reductions to GHG emissions in the commercial HVAC space.
Prior to Smardt Chiller, Canino held senior leadership positions at Trane Commercial Systems (a division of Ingersoll Rand), where he most notably launched a renewable energy solutions business, as well as DG Energy Solutions and General Electric Corporation.
“We are delighted to have Vince join the leadership team at ESS,” said Eric Dresselhuys, CEO of ESS. “His proven experience driving performance in high-growth operating environments is a great fit for ESS’s mission to build world-class operations in a large and fast growing market.”
“I couldn’t be more excited to become part of a company like ESS as it embarks on this important phase of growth that will lead the way in making significant contributions to the world’s energy transformation journey,” said Canino. “ESS is on a mission to help decarbonize the energy system with safe, long-life solutions that are meeting a market need at a critical time. I am thrilled to be part of such a strong and talented team.”
ESS also announced that Jeff Bodner, Chief Accounting Officer (CAO), has announced his resignation to pursue another opportunity. “ESS is a great organization on an important mission,” said Bodner. “It has been a fantastic experience and I wish everyone at ESS the best of luck as they continue to grow.”
“Jeff has been a great contributor to ESS and we wish him only the best in his new role,” said Amir Moftakhar, CFO at ESS. “We are fortunate to have a deep accounting team and we look forward to continuing to help drive the growth of the Company.”
Mr. Bodner will remain with ESS until mid-September and has agreed to support the transition in whatever capacity is required.
About ESS, Inc.
At ESS (NYSE: GWH), our mission is to accelerate global decarbonization by providing safe, sustainable, long-duration energy storage that powers people, communities and businesses with clean, renewable energy anytime and anywhere it’s needed. As more renewable energy is added to the grid, long- duration energy storage is essential to providing the reliability and resiliency we need when the sun is not shining and the wind is not blowing.
Our technology uses earth-abundant iron, salt and water to deliver environmentally safe solutions capable of providing up to 12 hours of flexible energy capacity for commercial and utility-scale energy storage applications. Established in 2011, ESS Inc. enables project developers, independent power producers, utilities and other large energy users to deploy reliable, sustainable long-duration energy storage solutions. For more information visit www.essinc.com.
Source: ESS Inc.
Investors:
Erik Bylin
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TORONTO--(BUSINESS WIRE)--Viston United Swiss AG (“Viston”) and its indirect, wholly-owned subsidiary, 2869889 Ontario Inc. (the “Offeror”) today announced that the Offeror’s all-cash offer (the “Offer”) to acquire all of the issued and outstanding common shares (“Common Shares”) of Petroteq Energy Inc. (“Petroteq”) (TSX-V: PQE; OTC: PQEFF; FSE: PQCF) has been withdrawn.
Viston and the Offeror have withdrawn the Offer following an evaluation of recent developments in connection with the Offer, including, without limitation, the rejection by the Committee on Foreign Investment in the United States of the joint voluntary notice submitted by the Offeror and Petroteq in connection with the Offer. As a result of such developments, Viston and the Offeror concluded that several conditions to the Offer (as restated in the Offeror’s Fifth Notice of Extension dated July 22, 2022 under the heading “Conditions of the Offer”) are incapable of being satisfied or are likely to be unsatisfied as of the scheduled Expiry Time of 5:00 p.m. (Toronto time) on September 9, 2022.
Petroteq shareholders that have tendered their Common Shares to the Offer will have their Common Shares returned by the Depositary, Kingsdale Advisors (“Kingsdale”), in accordance with the procedures set out in the Offer. Deposited Common Shares will be returned to the depositing Shareholder as soon as practicable, by either (i) Kingsdale sending certificates representing the Common Shares by first-class insured mail to the address of the depositing Shareholder specified in the Letter of Transmittal or, if such name or address is not so specified, in such name and to such address as shown on the securities register maintained by or on behalf of Petroteq, or (ii) in the case of Common Shares deposited by book-entry transfer of such Common Shares, by Kingsdale arranging for such Common Shares to be credited to the depositing holder’s account maintained with intermediaries at CDS or DTC, as applicable. Shareholders with questions may contact Kingsdale at the contact details listed below.
Additional Information
This news release relates to a tender offer which Viston, through the Offeror, made to Shareholders. The Offer was made pursuant to a tender offer statement on Schedule TO (including the Offer to Purchase and Circular dated October 25, 2021, the Notice of Variation and Extension dated February 1, 2022, the Second Notice of Extension dated February 24, 2022, the Third Notice of Extension dated April 14, 2022, the Fourth Notice of Variation and Extension dated June 17, 2022 and the Fifth Notice of Extension dated July 22, 2022, the letter of transmittal and other related offer documents) initially filed by Viston on October 25, 2021, as subsequently amended. These materials, as may have been amended from time to time, contained important information, including the terms and conditions of the Offer.
Investors and security holders of Petroteq are urged to read the tender offer statement (including the Offer to Purchase and Circular dated October 25, 2021, the Notice of Variation and Extension dated February 1, 2022, the Second Notice of Extension dated February 24, 2022, the Third Notice of Extension dated April 14, 2022, the Fourth Notice of Variation and Extension dated June 17, 2022, the Fifth Notice of Extension dated July 22, 2022, the letter of transmittal and other related offer documents) and any other documents filed with the United States Securities and Exchange Commission (“SEC”) carefully in their entirety as they contain important information. Any investors and security holders may obtain free copies of these documents and other documents filed with the SEC by Viston through the web site maintained by the SEC at www.sec.gov or by contacting Kingsdale Advisors, the Information Agent and Depositary in connection with the offer, within North America toll-free at 1-866-581-1024, outside North America at 1-416-867-2272 or by e-mail at This email address is being protected from spambots. You need JavaScript enabled to view it..
For More Information
Media inquiries:
Hyunjoo Kim
Vice President, Strategic Communications and Marketing
Kingsdale Advisors,
Direct: 416-867-2357
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For questions regarding the return of Common Shares tendered to the Offer, please contact:
Kingsdale Advisors
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Outside North America: 1-416-867-2272
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HOUSTON--(BUSINESS WIRE)--Ranger Energy Services, Inc. (NYSE:RNGR) (the “Company”) today announced that Stuart Bodden, Chief Executive Officer, and Melissa Cougle, Chief Financial Officer, will present to members of the investment community at the Barclays CEO Energy-Power Conference 2022 at 4:10 p.m. Eastern time (3:10 p.m. Central time) on Tuesday, September 6, 2022.
About Ranger Energy Services, Inc.
Ranger is one of the largest providers of high specification mobile rig well services, cased hole wireline services, and ancillary services in the U.S. oil and gas industry. Our services facilitate operations throughout the lifecycle of a well, including the completion, production, maintenance, intervention, workover and abandonment phases.
Ranger Energy Services, Inc.
Melissa Cougle, (713) 935-8900
Chief Financial Officer
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The 2 MW Project Is a Follow-on Order to an Initial Successful 2 MW Project
LOS ANGELES--(BUSINESS WIRE)--$CGRN #CarbonFootprint--Capstone Green Energy Corporation (NASDAQ: CGRN), a global leader in carbon reduction and on-site resilient green energy solutions, has received a follow-on 2 MW order from a $5 billion dollar privately held company committed to not only manufacturing high-quality, healthy products but also being a community leader with a strong track record of social responsibility.
The new Capstone Direct Sales team secured the follow-on order, which is anticipated to be commissioned later this year. The customer facility is expanding rapidly, and the local electric utility cannot meet the customer's increasing energy growth requirements in the desired timeframe.
"It's always an honor when our customers place follow-on orders with us as it's the truest testament to our value proposition and the performance of our products and services," said Darren Jamison, President and Chief Executive Officer of Capstone Green Energy. "Our direct sales team working synergistically with our global distributors positions us to help our customers meet their evolving clean energy needs and keep pace with the shifting energy landscape. Our flexibility and focus on our customers are our fundamental strengths and what we strive to do each and every day."
"As this customer grows and expands their operations, we hope to continue to provide additional power generation needs and assistance in their goals of reducing their carbon footprint and energy costs. Expanding our business with multibillion-dollar global companies such as this is a key charter of the Capstone Direct Sales team, as that customer category presents an excellent opportunity to expand our relationship and generate more frequent and larger orders. To accomplish this, our direct sales team works together with our highly valued global distribution channel to create sales synergies and better engage and service this type of customer," said Marc Rouse, Capstone Green Energy's Sales Director.
About Capstone Green Energy
Capstone Green Energy (NASDAQ: CGRN) is a leading provider of customized microgrid solutions and on-site energy technology systems focused on helping customers around the globe meet their environmental, energy savings, and resiliency goals. Capstone Green Energy focuses on four key business lines. Through its Energy as a Service (EaaS) business, it offers rental solutions utilizing its microturbine energy systems and battery storage systems, comprehensive Factory Protection Plan (FPP) service contracts that guarantee life-cycle costs, as well as aftermarket parts. Energy Generation Technologies (EGT) are driven by the Company's industry-leading, highly efficient, low-emission, resilient microturbine energy systems offering scalable solutions in addition to a broad range of customer-tailored solutions, including hybrid energy systems and larger frame industrial turbines. The Energy Storage Solutions (ESS) business line designs and installs microgrid storage systems creating customized solutions using a combination of battery technologies and monitoring software. Through Hydrogen & Sustainable Products (H2S), Capstone Green Energy offers customers a variety of hydrogen products, including the Company's microturbine energy systems.
To date, Capstone has shipped over 10,000 units to 83 countries and estimates that in FY22, it saved customers over $213 million in annual energy costs and approximately 388,000 tons of carbon. Total savings over the last four years are estimated to be approximately $911 million in energy savings and approximately 1,503,100 tons of carbon savings.
For customers with limited capital or short-term needs, Capstone offers rental systems; for more information, contact: This email address is being protected from spambots. You need JavaScript enabled to view it..
For more information about the Company, please visit www.CapstoneGreenEnergy.com. Follow Capstone Green Energy on Twitter, LinkedIn, Instagram, Facebook, and YouTube.
Cautionary Note Regarding Forward-Looking Statements
This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements regarding growth and liquidity expectations and other statements regarding the Company's expectations, beliefs, plans, intentions, and strategies. The Company has tried to identify these forward-looking statements by using words such as "expect," "anticipate," "believe," "could," "should," "estimate," "intend," "may," "will," "plan," "goal" and similar terms and phrases, but such words, terms and phrases are not the exclusive means of identifying such statements. Actual results, performance and achievements could differ materially from those expressed in, or implied by, these forward-looking statements due to a variety of risks, uncertainties and other factors, including, but not limited to, the following: the ongoing effects of the COVID-19 pandemic; the availability of credit and compliance with the agreements governing the Company's indebtedness; the Company's ability to develop new products and enhance existing products; product quality issues, including the adequacy of reserves therefor and warranty cost exposure; intense competition; financial performance of the oil and natural gas industry and other general business, industry and economic conditions; the Company's ability to adequately protect its intellectual property rights; and departures and other changes in management and other key employees. For a detailed discussion of factors that could affect the Company's future operating results, please see the Company's filings with the Securities and Exchange Commission, including the disclosures under "Risk Factors" in those filings. Except as expressly required by the federal securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, changed circumstances or future events, or for any other reason.
Capstone Green Energy
Investor and investment media inquiries:
818-407-3628
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DUBLIN--(BUSINESS WIRE)--The "Marine Dynamic Positioning System Market By Subsystem, By Equipment Class, By Application, By Sales Channel: Global Opportunity Analysis and Industry Forecast, 2020-2030" report has been added to ResearchAndMarkets.com's offering.
Several countries have increased their naval capabilities through purchase of several advanced vessels and equipment. For instance, in November 2021, Italian Coast Guard entered into a contract with Fincantieri for supply of UAM multirole offshore patrol vessel, which is expected to be equipped with dynamic positioning system. Henceforth, greater deployment of offshore patrol vessels is expected to drive the growth of the market.
The market is driven by increase in seaborne trade across the globe, rise in number of dynamic position ships such as survey & research vessels, advancements in offshore drilling technology, and greater deployment of offshore patrol vessels.
However, complexity associated with the system and high maintenance costs hinder the growth of the global marine dynamic positioning system market.
Technological advancements, increase in development of autonomous ships, and introduction of laser-based dynamic positioning systems are expected to create ample growth opportunities for the global marine dynamic positioning system market.
Key Market Segments
By Subsystem
By Equipment Class
By Application
By Sales Channel
By Region
Key Market Players
Key Topics Covered:
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: MARINE DYNAMIC POSITIONING SYSTEM MARKET, BY SUBSYSTEM
CHAPTER 5: MARINE DYNAMIC POSITIONING SYSTEM MARKET, BY EQUIPMENT CLASS
CHAPTER 6: MARINE DYNAMIC POSITIONING SYSTEM MARKET, BY APPLICATION
CHAPTER 7: MARINE DYNAMIC POSITIONING SYSTEM MARKET, BY SALES CHANNEL
CHAPTER 8: MARINE DYNAMIC POSITIONING SYSTEM MARKET, BY REGION
CHAPTER 9: COMPANY LANDSCAPE
CHAPTER 10: COMPANY PROFILES
For more information about this report visit https://www.researchandmarkets.com/r/ed7m12
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Immersive Digital Curriculum for Line Mechanic Apprenticeships Now Being Implemented in College Classroom to Train Students
WILLIAMSBURG, Va. & DES MOINES, Iowa--(BUSINESS WIRE)--#AugmentedReality--Index AR Solutions, a leading creator of digital workforce training, announced a partnership with Des Moines Area Community College (DMACC) that will give students access to modern, field-proven learning materials and help prepare them for a career at utilities like MidAmerican Energy.
Under the terms of a teaming agreement, Index is implementing an immersive, multimodal digital curriculum for classroom instruction at DMACC that will provide students the exact skills and information needed to be hired as a power line mechanic. The first-of-its-kind curriculum is available in DMACC’s Ankeny Campus, delivered via tablets to 15 students enrolling in a two-semester course that started on August 24.
The materials include 20 Index eBook™ titles that were originally developed in close collaboration with MidAmerican to help train lineman apprentices. With the eBooks, DMACC classroom instructors and students will benefit from nearly 1,000 eBook pages of vetted content and 200 instructional videos of actual line mechanics performing work and giving guidance. The videos also emphasize the importance of safety and commitment to customer service – with seasoned workers who share wisdom and real-world stories from the field.
Index eBooks provide a way to learn and consume information in a way that is most familiar to the next generation of worker. eBooks include digital annotation tools that enable students to take notes and highlight text for review later. Embedded quizzes and tests allow instructors to track student progress.
The tablets also feature 22 interactive Index mobile apps that use augmented reality (AR), three-dimensional models and animations to teach students how to identify key parts or complete common tasks, such as how to troubleshoot a transformer, step by step. The augmentations also walk students through the safety considerations and tools that are needed for each step and overlay critical information on to the component they are studying.
“Utilities and trades across the country are struggling to keep up with workforce development needs,” said Rob Denson, President of DMACC. “Our partnership with Index is a unique career and technical education model that delivers a proven solution to solving today’s acute workforce issues.”
Including the Line Mechanic program being deployed at DMACC, Index and MidAmerican have created 13 digital training programs to date. The programs are currently used in the classrooms of MidAmerican’s training facility in Des Moines. They also proved exceptionally valuable during the COVID-19 pandemic. Trainers were able to host virtual sessions using the immersive digital curriculums, which then become a reference material for workers outside of the classroom.
“Bringing the Line Mechanic training program to DMACC further extends the strategic investments MidAmerican has made in worker education in recent years,” said Chelsea McCracken, Vice President for Safety, Training and Development at MidAmerican. “We appreciate Index and DMACC for their efforts in making this valuable curriculum available in the community college setting.”
In addition to delivering the training materials and iPads to DMACC administrators, Index is also providing robust, ongoing support to help ensure instructors and students get maximum benefit from the course. Index team members will host “train-the-trainer” sessions on site for DMACC instructors. Index is also hosting weekly videoconference calls for students over the course of the semester to walk them through each eBook and app.
“The Line Mechanic program we are delivering today was created thanks to a close partnership with MidAmerican, helping them eliminate learning friction and reimagine how training happens,” said Dan Arczynski, CEO at Index AR Solutions. “We are excited to now bring this program to DMACC, giving college students access to the very same training material utilities are using.”
DMACC is the largest and most diverse community college in Iowa. MidAmerican is a subsidiary of Berkshire Hathaway Energy, wholly owned by Berkshire Hathaway Inc. (NYSE: BRK.A; BRK.B).
About Index AR Solutions
Index AR Solutions is an American enterprise eBook and augmented reality mobile application provider creating custom and off-the-shelf products that make workers safer, more capable and more productive. Learn more about Index AR Solutions at IndexARSolutions.com.
About Des Moines Area Community College
Des Moines Area Community College (DMACC), a public institution serving the educational and career training needs of Iowans, is committed to the lifelong success of its students. DMACC offers 200 programs, certificates and transfer degrees, serving more than 70,000 credit and noncredit students across six campuses and six learning centers. For more information, visit dmacc.edu.
Press:
Consociate Media for Index AR Solutions
Brian Harris
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Mobile 804-815-8377
DMACC
Todd Jones
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Office 515-964-6242, Mobile 515-238-8242
DUBLIN--(BUSINESS WIRE)--The "Water Transport Global Market Report 2022: By Application" report has been added to ResearchAndMarkets.com's offering.
The global water transport market is expected to grow from $507.75 billion in 2021 to $537.07 billion in 2022 at a compound annual growth rate (CAGR) of 5.8%. The market is expected to grow to $650.21 billion in 2026 at a compound annual growth rate (CAGR) of 4.9%.
The water transport market consists of sales of water transportation services and related goods by entities (organizations, sole traders, and partnerships) that provide water transportation of passengers and cargo using watercraft, such as ships, barges, and boats.
The main types in the water transport market are the deep sea, coastal, and great lakes, and inland water transport. The deep-sea transportation mode transports people and goods via sea waterways. The market is also segmented by application into onshore and offshore.
Asia Pacific was the largest region in the water transport market in 2021. Western Europe was the second largest region in the global water transport market. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Water transportation service companies are increasingly using sensor technologies to enable monitoring of remote locations of ships. A sensor is a device that detects and responds to some type of input from the physical environment. The specific input could be light, heat, motion, moisture, pressure, or any one of several other environmental phenomena present in the ship. Sensors in remote locations of ships collect data autonomously and relay the data to the control room in real-time. The data captured by the sensor allows shipowners to improve the overall maintenance cycle of visits, including condition monitoring and condition-based monitoring. For instance, NoraSens and Silicon Radar are some of the companies that manufacture sensors for ships.
Scope
Markets Covered:
1) By Type: Deep Sea, Coastal, And Great Lakes; Inland Water Transport
2) By Application: Onshore; Offshore
Key Topics Covered:
1. Executive Summary
2. Report Structure
3. Water Transport Market Characteristics
4. Water Transport Market Product Analysis
5. Water Transport Market Supply Chain
6. Water Transport Market Customer Information
7. Water Transport Market Trends And Strategies
8. Impact Of COVID-19 On Water Transport
9. Water Transport Market Size And Growth
10. Water Transport Market Regional Analysis
11. Water Transport Market Segmentation
12. Water Transport Market Segments
13. Water Transport Market Metrics
14. Asia-Pacific Water Transport Market
15. Western Europe Water Transport Market
16. Eastern Europe Water Transport Market
17. North America Water Transport Market
18. South America Water Transport Market
19. Middle East Water Transport Market
20. Africa Water Transport Market
21. Water Transport Market Competitive Landscape
22. Key Mergers And Acquisitions In The Water Transport Market
23. Market Background: Transportation Services Market
24. Recommendations
25. Appendix
26. Copyright And Disclaimer
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/dt16ql
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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BOSTON--(BUSINESS WIRE)--Schneider Electric™, the leader in digital transformation of energy management and automation, today announced that Leading Edge Data Centres (LEDC), a company providing Regional Australian businesses and communities with greater access to distributed cloud through reliable, and cost-effective connectivity, will be utilizing Schneider Electric’s prefabricated, certified edge data centre technology to drive faster and more reliable connectivity for regional Australians.
Looking for sustainable, agile solutions to meet the company’s evolving customer needs, LEDC has enlisted Schneider Electric to design, build, commission and maintain its Tier III edge data centres. Before they are shipped to site, the data centres are designed, built, and tested in regional Australia, removing many of the traditional construction complications and ensuring that each new facility is created with the same quality, durability, and reliability as the last. In addition to optimizing reliability, Schneider Electric and LEDC will be working to drive the most efficient and robust solutions, including a series of edge data centres sized specifically to be most effective for the community they service.
“Leading Edge Data Centres was founded in 2019 with a mission to bridge the digital divide in Regional Australia,” says LEDC CEO and Founder, Chris Thorpe. “For years, regional Australian cities have put up with unreliable and costly internet connections, compared to their metropolitan counterparts. With Schneider Electric’s certified edge data centre, which can be quickly replicated in multiple regional sites across Australia, we are finally giving customers a more sustainable, cost-effective option and the ability to reliably access the cloud.”
Previously, LEDC’s potential customers have suffered through connectivity outages costing upwards of $160,000 a year. With support and innovation from Schneider Electric, LEDC will design and build a reliable prefabricated, replicable, and certified edge data centre, that will save its customers up to 80% of that cost.
“Amid today’s global pandemic, remote working became a necessity and digital disparities became more obvious,” said Joe Craparotta, VP Strategic Customers & Segments at Schneider Electric. “By partnering with Schneider Electric, LEDC has kick-started production, focusing on improved connectivity and reliability, along with options for cost-effective network rollout.”
Collaborating with Schneider Electric enables LEDC to offer the following:
Connecting all these devices is Schneider Electric’s EcoStruxure IT Expert software, which provides proactive insights on critical assets that impact the health and availability of an IT environment. With customizable dashboards, remote device management, and device health and security vulnerability assessments, the software provides LEDC with continuous site-wide visibility. Learn more about Leading Edge Data Centre’s story by visiting https://www.se.com/ww/en/work/campaign/life-is-on/case-study/leading-edge.jsp.
About EcoStruxure
EcoStruxure™ is our open, interoperable, IoT-enabled system architecture and platform. EcoStruxure delivers enhanced value around safety, reliability, efficiency, sustainability, and connectivity for our customers. EcoStruxure leverages advancements in IoT, mobility, sensing, cloud, analytics, and cybersecurity to deliver Innovation at Every Level. This includes Connected Products, Edge Control, and Apps, Analytics & Services which are supported by Customer Lifecycle Software. EcoStruxure™ has been deployed in almost 500,000 sites with the support of 20,000+ developers, 650,000 service providers and partners, 3,000 utilities and connects over 2 million assets under management.
From energy and sustainability consulting to optimizing the life cycle of your operational systems, we have world-wide services to meet your business needs. As a customer-centric organization, Schneider Electric is your trusted advisor to help increase asset reliability, improve total cost of ownership and drive your enterprise’s digital transformation towards sustainability, efficiency and safety.
About Schneider Electric
Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.
Our mission is to be your digital partner for Sustainability and Efficiency.
We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.
We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.
Discover Life Is On Follow us on: Twitter, Facebook, LinkedIn, YouTube, Instagram, Blog
Discover the newest perspectives shaping sustainability, electricity 4.0, and next generation automation on Schneider Electric Insights
Hashtags: #LeadingEdge #EcoStruxure #datacenter #sustainability
Schneider Electric Media Relations – Thomas Eck, (919) 266-8623; E mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
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DUBLIN--(BUSINESS WIRE)--The "Global Smart Ports Market by Technology (IoT, Blockchain, Process Automation, Artificial Intelligence), Elements (Terminal Automation, PCS, Smart Port Infrastructure), Throughput Capacity, Port Type, and Region - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The global smart ports market is projected to reach USD 5.7 billion by 2027 from an estimated USD 1.9 billion in 2022, at a CAGR of 24.3% during the forecast period. International trade depends heavily on maritime transportation. Ocean shipping is the primary form of transportation for international trade, and according to UNCTAD, the majority of developing nations have seaborne trade volumes that are even higher.
The environment is always changing, making it very difficult to prevent data from being out of alignment or even missing in ports. The ability of ports to efficiently gather and exchange data will be hampered by any potential dead zones. Automated ports face this difficulty since, in contrast to conventional ones, they are unable to contain problems at particular tasks or steps in the process, demanding ongoing close coordination across operations.
Every year, there are millions of cyberattacks and data breaches, which is alarming for online safety. Security hasn't always been a key issue when a product is being designed because the idea of integrating physical objects with the internet is still a relatively new one. This problem is anticipated to be a significant one, particularly in ports where the materials handled are frequently valuable cargo. A number of businesses are also introducing goods without thoroughly testing them for secure connections in order to gain the first mover advantage, which creates a vulnerability for data breaches. The usage of hardcoded or default passwords, which can result in security breaches, is a significant problem for loT security.
The Internet of Things (IoT) segment, by technology, is expected to be the fastest growing market from 2022 to 2027
There are four types of technology are used for the smart port the internet of things (IoT), blockchain, process automation, and artificial intelligence (AI). The internet of things (IoT) is a recent technology revolution that is mostly used in smart homes, smart cities, and also smart ports globally. As every smart port is completely automated and has featured an IoT smart port for all connected devices such as smart sensors, data centers, and wireless devices. There are many types of sensors like ultrasonic sensors, inertial sensors, imaging sensors, radars, and RFID readers which are widely used to collect data and transform the port into a smart port. Infrastructure that is the Internet of Things (IoT) enabled and container management that ensures IoT adoption across the maritime industry. In terms of performance monitors mounted to pumps, engines, or gates to acquire real-time data on speed and reliability of performance, smart ports with loT can simplify repairs and maintenance. Additionally, a loT of port can stop upcoming security vulnerabilities. creating an alert system that is cloud-connected and can aid in efficient loss prevention A integrity of data can be confirmed using digital seals at every security level to avoid theft.
The extensively busy ports segment, by throughput capacity, is expected to be the largest market from 2022 to 2027
The throughput capacity segments have three types includes extensively busy ports, moderately busy ports, and scarcely busy ports. A capacity of more than 19 million TEUs is handled annually by the extremely busy ports. China, Singapore, and South Korea are some of the regions with ports that are considered to be extremely active ports on a worldwide scale. These regions serve as important trade corridors. These ports have smart infrastructure and have made large investments in port features like terminal automation, cargo handling, smart infrastructure, safety, and security, and port community systems.
Market Dynamics
Drivers
Restraints
Opportunities
Challenges
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Smart Ports Market, by Element
7 Smart Ports Market, by Throughput Capacity
8 Smart Ports Market, by Technology
9 Smart Ports Market, by Ports Type
10 Smart Ports Market, by Region
11 Competitive Landscape
12 Company Profiles
13 Adjacent and Related Markets
14 Appendix
Companies Mentioned
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