Addition of Colombia’s market leader and entry into the fourth-largest economy in Latin America.

SÃO PAULO, Brazil--(BUSINESS WIRE)--Fourth paragraph should read: With the addition of Frigometro, Emergent LatAm now operates 13 cold storage facilities, with other three facilities now under construction, across a total of seven countries (instead of Emergent LatAm now operates 10 cold storage facilities...).

The updated release reads: 

EMERGENT COLD LATIN AMERICA ACQUIRES FRIGOMETRO

Addition of Colombia’s market leader and entry into the fourth-largest economy in Latin America.

Emergent Cold Latin America (Emergent LatAm), the fastest-growing refrigerated storage and logistics service provider in Latin America, announced today the acquisition of Frigorifico Metropolitano (Frigometro), the leading cold storage operator in Colombia, with four locations in key markets across the country. This acquisition marks Emergent LatAm's entry into Colombia – one of the largest and fastest-growing economies in Latin America – and represents the first of many planned investments in this important food export market. The Frigometro management team will remain with the company to ensure business continuity and further growth.

Established in 1992 by entrepreneur Gonzalo Diaz, Frigometro operates more than 29,000 pallet positions across four best-in-industry warehouses in strategic locations: Cartagena, Buga, Bucaramanga and Bogotá. Each site offers room for growth, with a 4,000-pallet expansion now coming online in Bucaramanga and several projects planned for later this year. These facilities serve Colombia’s largest ports and metropolitan areas, which permit Frigometro to equally support the domestic distribution market and export activities. The company offers a full range of storage and value-added logistics services such as blast freezing and handling, and operates a domestic transportation business.

Colombia is an important part of Emergent LatAm’s regional investment strategy. It is the fourth-largest economy and the third-most populous country in Latin America, with geographic connectivity to the Atlantic and Pacific Oceans via four leading port locations. Further, Colombia is an important member of the global food trade, having set a new record in 2021 for total amount of food exports.

With the addition of Frigometro, Emergent LatAm now operates 13 cold storage facilities, with other three facilities now under construction, across a total of seven countries.

“We are proud to welcome the Frigometro team to our growing Latin America platform,” said Neal Rider, CEO of Emergent LatAm. “I am extremely impressed with the strength of its management team, and the high quality of the company’s asset base. We look forward to making additional investments in Colombia with the goal of accelerating the growth of Frigometro and our entire regional network. I also wish to thank Gonzalo Diaz for the opportunity to proceed with this transaction, and for having built an outstanding company known for innovation and service quality.”

“We feel very fortunate that Emergent Cold Latin America chose to enter Colombia by acquiring Frigometro,” said Gonzalo Diaz. “We are sure that it will be a great alliance that takes refrigerated logistics in Colombia to another level.”

44 Capital Finanças Corporativas and Scotiabank acted as financial advisors and Brigard Urrutia acted as a legal advisor to Emergent LatAm.

About Emergent Cold LatAm:

Emergent Cold Latin America (www.emergentcold.com) is building a world-class, end-to-end refrigerated storage chain to provide integrated logistic solutions for refrigerated food for clients throughout Latin America. The Company was founded to meet the modern solutions needs in the refrigerated chain and the growing demand of clients in domestic and foreign trade.

Punto Communication
Bruna Valentim – This email address is being protected from spambots. You need JavaScript enabled to view it. - (55 11) 99608-2700
Daniel dos Santos – This email address is being protected from spambots. You need JavaScript enabled to view it. - (55 11) 99868-6904
Fabiana Macedo – This email address is being protected from spambots. You need JavaScript enabled to view it. - (55 11) 98505-5282

Emergent Cold LatAm
Rafael Rocha - This email address is being protected from spambots. You need JavaScript enabled to view it. - +507 6747-8153

The comprehensive solar panel project is designed to generate electricity equivalent to more than 70% of the Oak Hill site’s annual usage and reduce its carbon footprint by 60%

FRAMINGHAM, Mass. & OAK HILL, N.Y.--(BUSINESS WIRE)--#carbonreduction--GlaxoSmithKline (GSK) Consumer Healthcare and Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced the completion of a comprehensive solar panel project to serve GSK Consumer Healthcare’s Oak Hill, New York site. The project enables GSK Consumer Healthcare to reduce its carbon emissions.

Located in the scenic Catskill Mountains, the solar project near the Oak Hill site, which produces some of GSK Consumer Healthcare’s iconic oral health brands including Sensodyne, Pronamel, and parodontax for the US and Canadian markets, comprises over 17,000 modules with an estimated electricity generation capacity of 6.9 MW DC. This installation is designed to generate electricity equivalent to more than 70% of the Oak Hill site’s annual usage and reduce its carbon footprint by 60%.

“The completion of this project marks a pivotal moment for us at GSK Consumer Healthcare, as a continued step in the right direction for enacting real change that reduces our environmental impact and helps us deliver on our larger sustainability initiatives,” said Mike Allen, Sustainability Lead Consumer Health Supply Chain, GSK Consumer Healthcare. “The Oak Hill site is the 12^th solar investment project for GSK and our Consumer Healthcare business, and we plan to implement additional major solar and wind energy investments in the UK and US to set us on track for 100% renewable electricity by 2025. We are thrilled to share news of this exciting milestone that we’ve reached working together with our partners and are committed and excited to continue building a more sustainable future.”

As the designated off-taker of the clean energy generated at the solar site, the completed project demonstrates GSK Consumer Healthcare’s larger ongoing commitment to its sustainability goals of reducing its Scope 1 and 2 carbon emissions by 100% by 2030.

“In order to form a more sustainable world, we need to work collaboratively with major corporations to implement energy-efficient solutions. I’m so thankful that we were able to work with an organization like GSK Consumer Healthcare, that has set forth aggressive goals for its future and truly understands the need to implement renewable technologies at a grand scale,” said Pete Christakis, Senior Vice President, Ameresco.

Project construction was completed in April 2022.

For more information on GSK Consumer Healthcare’s environmental commitments, visit www.gsk.com/en-gb/responsibility/environment/. To learn more about the solar power solutions for commercial and industrial project offered by Ameresco, visit https://www.ameresco.com/solution-solar-power/.

About Ameresco, Inc.
Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading cleantech integrator and renewable energy asset developer, owner and operator. Our comprehensive portfolio includes energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions delivered to clients throughout North America and Europe. Ameresco’s sustainability services in support of clients’ pursuit of Net Zero include upgrades to a facility’s energy infrastructure and the development, construction, and operation of distributed energy resources. Ameresco has successfully completed energy saving, environmentally responsible projects with Federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, MA, Ameresco has more than 1,000 employees providing local expertise in the United States, Canada, and Europe. For more information, visit www.ameresco.com.

About GSK Consumer Healthcare
GSK Consumer Healthcare combines science and consumer insights to create innovative world-class health care brands that consumers trust and experts recommend for oral health, pain relief, respiratory and wellness. For further information please visit www.gsk.com.

The announcement of achieving commercial operations for an energy asset is not necessarily indicative of the timing or amount of revenue from the energy asset, of the company’s overall revenue for any particular period or of trends in the company’s overall total assets in development or operation. This project was included in our previously reported assets in development as of December 31, 2021.

Media:
Ameresco: Leila Dillon, 508-661-2264, This email address is being protected from spambots. You need JavaScript enabled to view it.
GSK Consumer Healthcare: Sarah Miller, 845-324-2491, This email address is being protected from spambots. You need JavaScript enabled to view it.

WINDSOR, Conn.--(BUSINESS WIRE)--#NASA--Infinity Fuel Cell and Hydrogen, Inc., a global leader in hydrogen fuel cells and electrolyzers for aerospace applications, today announced signing a contract add-on with NASA’s Game Changing Development program and NASA’s Glenn Research Center in Cleveland, Ohio.

The NASA funding will be dedicated to continued risk reduction activities and testing of Infinity’s zero-gravity, air-independent fuel cells being developed expressly for use in a lunar regenerative fuel cell system. The goal is to advance technologies that could one day be designed to power an exploration base camp through the complete darkness of the 14-day lunar night. Infinity has created a video envisioning a lunar Regenerative Fuel Cell system, which can be seen via https://www.youtube.com/watch?v=rijXZNGQg6Y.

“Infinity has been developing our patented, air-independent fuel cell technology, with NASA’s support for over 15 years. This program represents a major step toward mission deployment of these systems,” said Bill Smith, Infinity’s CEO and founder.

About Infinity: Founded in 2002, Infinity Fuel Cell and Hydrogen, Inc. is a market leader in the design and manufacture of air-independent, zero-gravity electrochemical systems including fuel cell systems for space and underwater applications. Infinity is also developing electrolysis technologies that can generate hydrogen and oxygen directly at 2000 psi and above. These systems are now transitioning from prototypes to production.

Mark Sackler
Director—Corporate Communication
Infinity Fuel Cell and Hydrogen, Inc.
Ph: (860) 688-6500 ex.308
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) announced today that the Board of Directors of its general partner, Global GP LLC, has declared a quarterly cash distribution of $0.5950 per unit ($2.38 per unit on an annualized basis) on all of its outstanding common units for the period from January 1 to March 31, 2022. The distribution will be paid May 13, 2022 to unitholders of record as of the close of business on May 9, 2022.

Non-U.S. Withholding Information

This press release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent (100%) of GLP’s distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, GLP’s distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.

About Global Partners LP

With approximately 1,700 locations primarily in the Northeast, Global Partners is one of the region’s largest independent owners, suppliers and operators of gasoline stations and convenience stores. Global also owns, controls or has access to one of the largest terminal networks in New England and New York, through which it distributes gasoline, distillates, residual oil and renewable fuels to wholesalers, retailers and commercial customers. In addition, Global engages in the transportation of petroleum products and renewable fuels by rail from the mid-continental U.S. and Canada. Global, a master limited partnership, trades on the New York Stock Exchange under the ticker symbol “GLP.” For additional information, visit www.globalp.com.

Forward-looking Statements

Certain statements and information in this press release may constitute “forward-looking statements.” The words “believe,” “expect,” “anticipate,” “plan,” “intend,” “foresee,” “should,” “would,” “could” or other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on Global’s current expectations and beliefs concerning future developments and their potential effect on the Partnership. While management believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting the Partnership will be those that it anticipates. Forward-looking statements involve significant risks and uncertainties (some of which are beyond the Partnership’s control) including, without limitation, the impact and duration of the COVID-19 pandemic, uncertainty around the timing of an economic recovery in the United States which will impact the demand for the products we sell and the services that we provide, uncertainty around the impact of the COVID-19 pandemic to our counterparties and our customers and their corresponding ability to perform their obligations and/or utilize the products we sell and/or services we provide, uncertainty around the impact and duration of federal, state and municipal regulations related to the COVID-19 pandemic, and assumptions that could cause actual results to differ materially from the Partnership’s historical experience and present expectations or projections.

For additional information regarding known material factors that could cause actual results to differ from the Partnership’s projected results, please see Global’s filings with the SEC, including its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.

Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. Global undertakes no obligation to publicly update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise.

Gregory B. Hanson
Chief Financial Officer
Global Partners LP
(781) 894-8800

Sean T. Geary
Chief Legal Officer and Secretary
Global Partners LP
(781) 894-8800

Revenues and license fees: €52.8 million versus €40.6 million

Net income: -€7.3 million, compared to €1.2 million

EBITDA: -€0.4 million versus €5 million

Shareholders' equity: €24.3 million versus €19.5 million

Cash and cash equivalents: €14.4 million for €16 million on April 15, 2022

Strong development prospects thanks to a firm order book of €77 million and a 2022 target of €75 million in revenues*

HÉRICOURT, France--(BUSINESS WIRE)--GAUSSIN (EURONEXT GROWTH ALGAU - FR0013495298), a pioneer in the clean and intelligent transport of goods and people, announced that it has met with its Board of Directors on April 26, 2022 and approved the consolidated financial statements for the year ended December 31, 2021.

1. GAUSSIN, a leading group in new technologies for clean and intelligent mobility

Gaussin continued to grow in 2021, increasing revenues 30% to €52.8 million in 2021 driven by synergies with Metalliance, which has increased its turnover from €10.4 million (6 months) to €26.5 million, and the transfer of the ATM and APM lines to the Saint-Vallier site.

Gaussin reported strong improvements in results for the second half of 2021 compared to the first half of the year. Revenues and license income was €32.3 million compared to €20.5 million in the first half and net income was €2.8 million compared to a loss of €9.8 million in the first half of 2021 (see PR of H1 results on October 31, 2021).

EBITDA for the year was close to break-even at -€0.4 million reflecting rising input costs and significant levels of R&D activity.

Including the contribution of the strong improvements in financial results in the second half of the year, the net loss was -€7.3 million for the year. This result is mainly impacted by significant provisions of €6.4 million.

GAUSSIN's commercial growth is a testament to the technological advances highlighted at the Dakar Rally in January 2022 with the H2 Racing Truck®, the most powerful hydrogen-powered truck in the world.

Under a compressed timetable, the truck was developed in barely a year by GAUSSIN's R&D teams and has begun a world tour. The H2 World Tour is intended to broaden awareness of Gaussin’s products and promote the deployment of licenses and sales of the range's flagship products, logistics and port vehicles.

The order for 36 APM® 75T HEs placed by Bolloré Ports and the Maersk group in 2021 for the CIT port terminal in Abidjan is evidence of growing customer acceptance of our products. This order, which is currently being delivered, demonstrates the success of GAUSSIN's clean port vehicles, which are also used in their autonomous version at the Port of Singapore, via the license sold to STELS.

Demand for clean and intelligent mobility is anticipated to remain strong in the years to come. GAUSSIN is perfectly positioned to seize the opportunities that will arise. Based on the order book at year-end, Gaussin expects to generate strong growth in 2022 and is targeting turnover of €75 million.

Highlights of the Year:

• A business model of licenses adapted to the explosion of freight costs
  The GAUSSIN group is implementing a strategy for deploying its technology on a worldwide scale based on the Global Licensing program and the development of strategic partnerships with major international players. This strategy enables GAUSSIN products to be rapidly deployed internationally, both for distribution and maintenance. It is also a response to the explosion of freight costs insofar as it makes it possible to produce locally. Finally, this business model is low capital intensive. The group has signed three licenses to date and is still aiming for forty or so within two and a half years.

• A scaled industrial tool with the possibility of extension
  GAUSSIN expanded its manufacturing footprint in 2021, increasing its production capacities by 8,000 square meters at the new site of Saint-Vallier, in the Saône-et-Loire region. This new site, which covers several hectares and is dedicated to the production of ATM® logistics and APM® port vehicles, will enable the company to meet the increased demand on the European and American markets, in particular. The group has the possibility of extending on site up to 28,000 square meters, which would bring the annual production capacity to 2,400 vehicles, and enable Gaussin to satisfy the demands of customers in e-commerce, transport and logistics.

• Referencing with major American players in e-commerce, transport and logistics
  Master Purchase Agreements (MPAs) have been signed with the American giants of e-commerce, transport and logistics, which allows worldwide referencing of GAUSSIN vehicles, an essential first step in pursuing the commercial relationship.

• A complete range of clean and intelligent vehicles
  GAUSSIN's range of electric vehicles includes the ATM, dedicated to logistics, the APM, dedicated to port transport, and also the AGV, an autonomous vehicle which is used in the port of Singapore. GAUSSIN has enhanced its range by offering these vehicles in a hydrogen version. The AGV H2, the launch of which was announced last month (see press release of March 16, 2022), is the latest hydrogen vehicle from the group. It will help port operators to go immediately to zero emissions while offering a longer range, shorter and less frequent refueling, as well as silent and efficient transport. GAUSSIN's range of clean vehicles also includes vehicles for airport logistics, with the innovation represented by the AMDT FULL ELEC, a multi-directional car transporter for air freight pallets for which Qatar Airways Cargo is the first customer.

• A global presence
  2021 was the year of internationalization for GAUSSIN with the opening of subsidiaries in the heart of key markets. Gaussin North America, which opened in January and is based in New York, enables the group to cover the key market of the United States and Canada, where GAUSSIN has already forged valuable partnerships with customers such as Plug Power and Robotics Research, and above all MPAs with the American leaders in E-Commerce and logistics. Gaussin Asia Pacific, based in Singapore, positions the group as a major player in this region which has become the crossroads of international trade, while Gaussin China allows the group to strengthen its presence in the world's largest truck market.

2. Sales and licensing revenues of €52.8 million in 2021, up 30% from €40.6 million in 2020

Revenues

The GAUSSIN Group generated consolidated revenues of €41.0 M in 2021, compared with €20.6 M for 2020, an increase of +42% pro forma including METALLIANCE for all of 2020 and +99% on a reported basis. (Gaussin acquired the company in July 2020).

The logistics business, which includes clean, fully electric or hydrogen vehicles (ATM, TSBM and MTO ranges), generated revenues of €10.0 million, compared with €3.9 million in 2020, an increase of +156%.

• Of note, 2021 revenue includes the delivery of 18 ATMs, 3 AIVs, 4 parade floats for Eurodisney, industrial and self-propelled trailers as well as after-sales services.

The port business, which is aimed at operators of major ports around the world with the range of automatic container transport vehicles (AGV PERFORMANCE, AIV REVOLUTION and APM 75T AUTONOMOUS) or with drivers (APM 75T), Power Pack Full Elec batteries, as well as Docking Stations, generated revenues in fiscal year 2021 of €3.0 million, compared with revenues of €5.8 million at December 31, 2020. Revenue associated with the order for 36 APM 75T by Bolloré Ports and the Maersk Group for €9.9 million will be recognized in 2022.

• Revenues reflect mainly the delivery of 7 APMs to CENTREPORT in New Zealand.

The airport activity is aimed at airport operators worldwide with a range of zero emission airport transporters (AAT and AMDT), designed to transport baggage in ULD (Unit Load Device) or Cargo (all types of PMC pallets or refrigerated modules). This activity generated revenues of €0.6 million in fiscal year 2021, compared with no revenues for 2020 when these new products were launched.

• Revenues reflect mainly to the delivery of an ART to TotalEnergies.

METALLIANCE, with its machines for underground works, railway works and road works, generated revenues of €26.5 million for 2021, compared with €10.4 million for 2020 (2020 revenues generated between July 1 and December 31 following the acquisition of METALLIANCE in July 2020).

Licenses

Total license revenues were €11.7 million for 2021 consisting of the licenses signed with NEXPORT, for €10 million, and STELS in Singapore for €1.7 million.

The new partnership with NEXPORT, focused on New Zealand and Australia, validates the strategy implemented by GAUSSIN to enhance its technological know-how.

3. Group results for the year 2021

Strong growth in activity and profitability between H1 2021 and H2 2021

Sales and production accelerated in the second half with growth of €11.8 million. The Group has also finalized the concession of the license to Nexport in Australia for €10 million.

Finally, R&D efforts are materialized by capitalized production which doubles from one semester to the next.

EBITDA in the second half rebounded spectacularly by €14.5m to €7m, at 21% of sales and licensing revenue, and operating income increased by €12.4m to €2.8 million or 8% of turnover. Net profit increased by €12.7 million to €2.7 million.

EBITDA is very slightly negative at -€0.4 million.

The decrease in EBITDA for 2021 compared to fiscal year 2020 is due to the costs related to the development of the Group's new projects (road skateboard, hydrogen vehicles, etc.) and the delay in the licensing negotiation schedules.

Operating income of -€6.8 million

After taking into account allocations and operating reversals, i.e., -€6.4 million, the operating result amounts to -€6.8 million, compared to a profit of €3.6 million as of December 31, 2020.

Net income from consolidated companies before tax was -€7.0 million, compared with €2.1 million at December 31, 2021.

Net income was -€7.3 million compared to a profit of €1.3 million at the end of December 2020.

It is positive in the second half at €2.7 million.

Cash and cash equivalents reached €16.0 million at April 15, 2022

The Group had cash and cash equivalents of €16.0 million as of April 15, 2022. A capital increase was completed in April 2022 generating proceeds of €5.7 million (see PR published April 19, 2022) and METALLIANCE closed a €2.7 million debt financing in April 2022 as part of an 8-year recovery plan, including a 4-year deferral period, to fund working capital needs and growth in light of global supply chain challenges.

Equity strengthened to €24.3m from €19.5m at the end of 2020

The Group completed capital increases in 2021 for a net amount of €11.8 million to finance development and research and development efforts.

The Group's borrowings are up by €5.1 million

The Group's total borrowings and financial debts amounted to €30.5 million at December 31, 2021, compared to €25.4 million as of December 31, 2020, and consisted of €21.8 million in loans, €7.1 million in BPI advances, of which €5.4 million are repayable in the event of commercial success, and €1.6 million in financial debt related to leasing.

4. A look back at the main achievements of 2021

GAUSSIN has invested considerably in 2021, whether to complete its range of clean and intelligent vehicles, in particular with its new range of hydrogen-powered trucks, or to complete its international network. This effort is already bearing fruit in terms of new partnerships and vehicle orders.

- Creation of GAUSSIN North America. At the beginning of January, GAUSSIN announced the creation of its North American subsidiary, which will lead its commercial deployment across the Atlantic (see press release of January 4, 2021). This new strategic entity will accelerate the marketing of GAUSSIN electric and hydrogen vehicles.

- The Asia-Pacific subsidiary, headquartered in Singapore (see press release on January 14, 2021), is in charge of deploying GAUSSIN's electric and hydrogen vehicle ranges throughout the countries in the region.

- Launch of "Zero-emission Yard Automation". At the end of March, the group presented its new solution of autonomous hydrogen-powered tractors equipped with a robotic arm, intended for major logistics and e-commerce players (see press release on March 23, 2021). This disruptive technology, developed at the request of various customers, will be tested at two major logistics and e-commerce companies in the United States and Europe in mid-2021. View the video of the vehicle.

- Bolloré Ports and the Maersk group order 36 APM® 75T HE. GAUSSIN has received a firm order from CIT Abidjan, a port terminal jointly operated by Bolloré Ports and APM Terminals, a subsidiary of the Maersk group, for 36 APM® 75T HE electric tractors, 24 Powerpacks and 6 36-channel charging stations (see press release on March 22, 2021). This historic order is the largest since the launch of the APM® 75T HE, a 100% electric tractor designed to transport containers in ports. It represents a turnover of €9.9 million.

- GAUSSIN launches into the hydrogen road truck market. The group has presented the world's first "skateboard" for class 8 tractor or carrier trucks from 18t to 44t, hydrogen or all-electric, a rolling, versatile and modular platform intended for the various players in the market (see press release on 27 April 2021). The solution is aimed at traditional truck manufacturers as well as new entrants, but also at bodybuilders and autonomous navigation software players. More broadly, the skateboard targets all players wishing to have access to a hydrogen and electric platform for clean and intelligent transport. Access the video presentation of the skateboard and the technical presentation.

- ECT, GAUSSIN and BOUYGUES ENERGIES & SERVICES agreement. This cooperation protocol concerns the development of hydrogen mobility solutions in the public works sector. In its first phase, ECT will entrust BOUYGUES ENERGIES SERVICES with the development of a 2 MW renewable hydrogen production and distribution station (see press release on May 20, 2021). In parallel, ECT has entrusted GAUSSIN with the design and implementation studies to equip itself with three types of GAUSSIN hydrogen trucks.

- Partnership with HYNAMICS to carry out 4 "Moonroad" pilot projects. GAUSSIN and HYNAMICS, a subsidiary of EDF, have signed a partnership agreement for the implementation of four pilot projects to demonstrate the efficiency and productivity of GAUSSIN's 100% autonomous and "dual energy" transport solutions, running on hydrogen and electricity (see press release on May 25, 2021). Supported by the French Ministry of Ecological Transition, in charge of Transport, the project will be deployed until 2023.

- Partnership with MICROVAST in new generation batteries. This partnership aims to integrate MICROVAST's new generation of batteries for GAUSSIN's electric and hydrogen skateboard applications (see press release of June 8, 2021). Thanks to its vertical integration capabilities, MICROVAST can provide a wide choice of different chemical cells in its standard battery packs.

- GAUSSIN chooses the NVIDIA platform for its autonomous trucks. GAUSSIN has chosen the NVIDIA DRIVE AGX Xavier™ platform to host its centralized intelligent driving system, designed to transform the truck industry and accelerate the transition to zero-emission freight transportation (see press release of June 17, 2021).

- Creation of 2 assembly lines in Saint-Vallier, site of METALLIANCE. The group has announced the creation of two assembly lines for ATM® (logistics) and APM® (port) vehicles in Saint-Vallier in Saône-et-Loire, on a site next to that of its subsidiary METALLIANCE (see press release of June 24, 2021). They were put into service in the fall.

- PLUG POWER places a first order for ATM-H2 hydrogen tractors. Plug Power placed an order in mid-August (see press release of August 16, 2021) for 20 hydrogen-powered fleet tractors (ATM-H2), which will be deployed at Plug Power's existing customers in North America.

- METALLIANCE: order for 16 underground mobile machines in Great Britain. This order for 16 underground mobile machines (see press release of September 1, 2021) is for the Southern section of the High Speed 2 project in Great Britain. Deliveries are scheduled between March 2022 and April 2023.

- License granted to Nexport covering Australia and New Zealand. This exclusive 20-year license has been granted to NEXPORT Zero Emission Transport (see press release of September 22, 2021) to assemble and supply zero-emission vehicles locally in Australia and New Zealand. This agreement has been completed by the creation of a joint venture named GAZE (see PR of November 25, 2021). Under the terms of the partnership, Nexport will pay Gaussin €10 million for licensing rights. The partnership was signed on November 25, 2021 at the Australian Embassy in Paris.

- Strategic partnership with HRS for the supply of 36 hydrogen stations. Negotiations with HRS continue in order to make progress on the partnership.

- Gaussin wins the Dubai World Challenge autonomous vehicle competition. For the second time in a row, the Group has won the Dubai World Challenge 2021 autonomous vehicle competition. GAUSSIN presented itself in consortium with NEOLIX China. The two companies will share the prize of $1 million dollars offered to the winner (see press release of October 27, 2021).

- Partnership with GAM QATAR and GWC to test Gaussin's zero emission electric tractors and yard automation solutions. This partnership, signed during the official visit of the President of the French Republic to Qatar (see press release of December 07, 2021), allows the testing of Gaussin's technology in several GWC warehouses, including the Al Wukair logistics park in Qatar. The partners are testing two GAUSSIN zero-emission tractors, the ATM38T with crew and the autonomous ATM38T equipped with a robotic arm.

- Partnership with the Terminal du Grand Ouest (TGO) to test the first hydrogen-powered heavy handling tractor. GAUSSIN has joined forces with the concessionaire and sole operator of the Montoir-de-Bretagne-based Terminal à Marchandises Diverses et Conteneurs (TMDC) (see press release of December 20, 2021) to test its APM H2 75T.

5. Outlook: a growing order book and confirmed growth for the next two years.

GAUSSIN Group's order book, excluding royalties on future sales, has increased by 17.9% since December 31, 2020, and stood at €80 million as of December 31, 2021.

The backlog as of December 31, 2021 includes:

• 132 ATMs for leading players in the logistics and retail sectors with the distributor BLYYD ;
• 36 APM for CIT ABIDJAN ;
• 26 ATM for the American market for PLUGPOWER (20) and ROBOTIC RESEARCH (6) ;
• 4 APM for port operators ;
• 1 new, 100% electric bunker truck ;
• 6 AMDT for Qatari company QAS QATAR AIRWAYS ;
• Self-propelled vehicles and industrial trailers ;
• METALLIANCE's order book for €25.0 million (excluding quasi-firm orders and subscriptions) in the field of underground works and in the manufacture of special machines.
• Sponsorship by ARAMCO of €4.3 million for DAKAR 2022 edition.

The 2022 business outlook is marked by growth in business and profitability, with a revenue target of €75 million and €100 million in 2023, thanks in particular to the development of the sale of licenses in North America, Asia and the Middle East, and industrial growth in Europe around ATM and APM, and in the Group's subsidiaries in Qatar and Australia.

The licensing business model should contribute significantly to the Group's growth and profitability. The United States and Canada, where GAUSSIN has privileged partners and an increased presence in recent months, are priority countries and particularly targeted by the Group. GAUSSIN confirms its objective of signing 40 licensing agreements over the next two years.

The priority in terms of production should focus on ATMs and APMs, the production of which, in Europe, will ramp up thanks to the new industrial site in Saint-Vallier. GAUSSIN targets in particular licensed partners and orders from major American players in distribution and logistics.

2022 is also the year of the continuation and strengthening of the Group's strategic partnerships, including that with ARAMCO, with which GAUSSIN notably shares the adventure of the Dakar Rally.

GAUSSIN is also strengthening as an integrated group, while Metalliance joined in mid-2020. A new ERP will be put in place to strengthen the synergies between the various activities of the Group, and ensure optimal structuring of the organization, compliance (CSR) and internal control.

Post-closing events

- Successful participation of GAUSSIN in the Dakar 2022 rally. The H2 Racing Truck® is the first hydrogen-powered truck to take part in the world's biggest rally-raid. Designed to withstand extreme environments, the truck was intended to demonstrate the performance and reliability of the hydrogen-electric motorization developed by GAUSSIN. It is the precursor of the new range of GAUSSIN road trucks, 100% hydrogen and electric, designed by PININFARINA, which will be marketed this year.

- H2 Racing Truck World Tour. GAUSSIN has embarked on a promotional and commercial tour of the H2 Racing Truck (see press release of March 3, 2022), which is currently taking it across the United States and then Canada, before returning to Europe and then to Egypt for the COP27.

- Opening of GAUSSIN China. The group has continued its commercial development by opening a subsidiary in China (see press release of February 22, 2022). Based in Shanghai and managed by William Lee, GAUSSIN China is responsible for establishing licensing partnerships in order to deploy the range of electric and hydrogen vehicles in the world's largest truck market.

- Christophe Gaussin, "Hydrogen Personality of the Year”. GAUSSIN's technology was also recognized this year through the "Hydrogen Personality of the Year" award presented to the group's CEO at a ceremony at the French National Assembly (see press release of March 16, 2022).

Next steps

Dates included above

Hyvolution in Paris : May 11 to 12

Advanced Clean Transportation (ACT) Expo in Los Angeles : May 9 to 12

About GAUSSIN

GAUSSIN is an engineering company that designs, assembles and sells innovative products and services in the transport and logistics field. Its know-how encompasses cargo and passenger transport, autonomous technologies allowing for self-driving solutions such as Automotive Guided Vehicles, and the integration all types of batteries, electric and hydrogen fuel cells in particular.

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DUBLIN--(BUSINESS WIRE)--The "Global Solar Water Heater Market - Forecasts from 2022 to 2027" report has been added to ResearchAndMarkets.com's offering.

The global solar water heater market is evaluated at US$2.613 billion for the year 2020 and is expected to grow at a CAGR of 7.51% to reach the market size of US$4.338 billion by the year 2027.

Conventional water heaters that use fossil fuels and electricity as a power source are efficiently replaced by solar water heaters, indicating the potential for solar water heater market growth. The rising carbon emissions in the atmosphere are also pointing to the need for eco-friendly systems and devices. The eco-friendly nature showcased by solar water heaters is boosting the demand for solar water heaters in the global market. The increasing need for energy-efficient technologies for the future is also pushing the market growth of solar water heaters over conventional water heaters. The support offered by international governments and environmental organizations in utilizing solar energy for various purposes is fuelling the market for solar water heaters.

The recent outbreak of the COVID pandemic has severely affected the market growth of solar water heaters. The market growth of solar water heaters has been slowed down, due to the impact of the COVID pandemic on the market. The lockdowns and isolations imposed by the government as a preventive measure against the COVID spread have adversely affected the production sector of solar water heaters. The shutdown of production units and manufacturing plants as a result of lockdowns leads to less production of solar water and components in the market. The application of solar water heaters for industrial purposes has also been stopped due to the shutdown of industries. The impact of the COVID pandemic on industries and production sectors has adversely affected the market for solar water heaters. The stoppage and regulations in supply chain sectors of solar water heater components also hindered the export and import rate of solar water heater components resulting in the downfall of the market.

There is a rising demand for eco-friendly and energy-efficient heating solutions

The rising demand for eco-friendly and energy-efficient heating solutions is driving the market for solar water heaters in the global market. Solar water heaters are considered highly energy-efficient compared to conventional water heaters. According to the reports of the IEA (International Energy Agency), solar water heaters are expected to decrease the running cost of the device by about 25 to 50% compared to conventional water heaters. Solar water heaters' zero-carbon emission rate is also expected to drive up demand for solar water heaters in the coming years. According to the "Kyoto Protocol," which was signed by international governments and limits carbon emissions from each country's industrial and commercial areas, The eco-friendly properties showcased by solar water heaters are making the industry, replace conventional water heaters with solar water heaters. The energy and cost efficiency offered by solar water heaters are also increasing the acceptability and popularity of solar water heaters for households and domestic purposes.

Support offered by the government

The support offered by international governments and governmental agencies is also boosting the market growth of solar water heaters. The carbon limit given to each country means the government must support and promote fewer carbon emission devices and systems. The policies and regulations imposed by governments on industries and production plants to reduce carbon emissions are also increasing the demand for solar water heaters for industrial applications. The investment given by the government for new developments and research in sustainable energy solutions is also driving the market for solar-powered equipment and devices in the market, contributing to the market growth of solar water heaters.

The Asia-Pacific region holds the majority of the market share.

Geographically, the Asia-Pacific region is the region showing the most drastic growth in the market share of the solar water heater market. The increasing government support and policies for promoting solar equipment and systems are contributing to the market growth of solar water heaters in the Asia Pacific region. The presence of large tech and industrial giants in the Asia-Pacific region is also increasing the market share of solar water heaters in the region.

Market Segmentation

By Type

• Glazed
• Unglazed

By capacity

• 100L
• 150L
• 200L
• Others

By End-User

• Residential
• Industrial
• Commercial

By Geography

• North America
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• Germany
• France
• UK
• Others
• Middle East and Africa
• Saudi Arabia
• UAE
• Others
• Asia Pacific
• China
• India
• Japan
• South Korea
• Taiwan
• Thailand
• Indonesia
• Others

Companies Mentioned

• Himin Solar Energy Group
• V-Guard Industries Ltd
• Ariston Thermo SpA
• KODSAN Company
• Sun Power Corporation
• A.O Smith
• Alternate Energy Technologies
• Solav Energy

For more information about this report visit https://www.researchandmarkets.com/r/81gd7p

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Walmart+ members now receive fuel savings of up to 10 cents off per gallon at more than 14,000 fuel stations nationwide, including Exxon and Mobil locations

BENTONVILLE, Ark.--(BUSINESS WIRE)--Walmart+ is helping members lower fuel costs with a bigger discount per gallon at the pump at an expanded lineup of fuel stations.

Starting today, Walmart+ members will receive an instant discount of up to 10 cents on every gallon of fuel they purchase at participating fuel stations. With the addition of 12,000 Exxon and Mobil locations across the country, a Walmart+ fuel discount is now available at more than 14,000 stations – a more than sixfold increase.

Walmart+ members will save 10 cents per gallon at participating Exxon and Mobil locations, as well as 5 to 10 cents per gallon* at Walmart and Murphy USA stations. Member pricing is also available at more than 500 Sam’s Club locations.

“Ninety-one percent of our customers are aware of the increased prices at the pump and nearly half of those told us they are changing behaviors because of them,” said Chris Cracchiolo, senior vice president & general manager of Walmart+. “More access to a bigger discount will make a difference for our customers. We want Walmart+ to help our customers save time and money, not only when shopping with us, but throughout their day. We’re excited to continue to find new ways to deliver for them.”

The Walmart+ fuel benefit brings together speed and low prices all from the convenience of the Walmart app. With the expanded footprint of the fuel benefit, more members will be able to take advantage of the savings every time they fill up.

Extending the availability of Walmart+ benefits at Exxon and Mobil stations is just one of the many Walmart+ perks that help members save money. Other benefits and offerings include newly added six months of Spotify Premium at no cost, free grocery deliveries from Walmart stores, free shipping on Walmart.com with no order minimum, Scan & Go contactless checkout and more.

“We welcome Walmart+ members to Exxon and Mobil’s 12,000 plus stations across the country and look forward to giving them 10 cents off per gallon,” said Bill Barenborg, US Marketing Manager, ExxonMobil. “We know that families want to maximize their budgets and look forward to helping them do just that while filling up with Synergy™ fuel technology that helps improve fuel economy, protect engines and enables better vehicle responsiveness.”

For more information about Walmart+, visit https://www.walmart.com/plus.

*Members savings at Walmart and Murphy USA locations range between 5 to 10 cents based on state regulations.

About Walmart

Walmart Inc. (NYSE: WMT) helps people around the world save money and live better - anytime and anywhere - in retail stores, online, and through their mobile devices. Each week, approximately 230 million customers and members visit approximately 10,500 stores and clubs under 46 banners in 24 countries and eCommerce websites. With fiscal year 2022 revenue of $573 billion, Walmart employs 2.3 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. Additional information about Walmart can be found by visiting https://corporate.walmart.com, on Facebook at https://facebook.com/walmart and on Twitter at https://twitter.com/walmart.

Walmart Media Relations
news.walmart.com/reporter

Distribution Represents More Than 30 Percent Increase Compared to Prior Year

DALLAS--(BUSINESS WIRE)--Energy Transfer LP (NYSE: ET) today announced a quarterly cash distribution of $0.20 per Energy Transfer common unit ($0.80 on an annualized basis) for the first quarter ended March 31, 2022, which will be paid on May 19, 2022 to unitholders of record as of the close of business on May 9, 2022.

The distribution per unit is more than a 30 percent increase over the first quarter of 2021 and represents another step in Energy Transfer’s plan to return additional value to unitholders while maintaining its target leverage ratio of 4.0x-4.5x debt-to-EBITDA. Future increases to the distribution level will be evaluated quarterly with the ultimate goal of returning distributions to the previous level of $0.305 per quarter, or $1.22 on an annual basis, while balancing the partnership’s leverage target, growth opportunities and unit buy-backs.

In addition, as previously announced, Energy Transfer plans to release earnings for the first quarter of 2022 on Wednesday, May 4, 2022, after the market closes. The company will also conduct a conference call on Wednesday, May 4, 2022 at 3:30 p.m. Central Time/4:30 p.m. Eastern Time to discuss quarterly results and provide a company update. The conference call will be broadcast live via an internet webcast, which can be accessed on Energy Transfer’s website at energytransfer.com. The call will also be available for replay on Energy Transfer’s website for a limited time.

Energy Transfer LP (NYSE: ET) owns and operates one of the largest and most diversified portfolios of energy assets in North America, with a strategic footprint in all of the major U.S. production basins. Energy Transfer is a publicly traded limited partnership with core operations that include complementary natural gas midstream, intrastate and interstate transportation and storage assets; crude oil, natural gas liquids (NGL) and refined product transportation and terminalling assets; and NGL fractionation. Energy Transfer also owns Lake Charles LNG Company, as well as the general partner interests, the incentive distribution rights and 28.5 million common units of Sunoco LP (NYSE: SUN), and the general partner interests and 46.1 million common units of USA Compression Partners, LP (NYSE: USAC). For more information, visit the Energy Transfer LP website at energytransfer.com.

Forward Looking Statements

This press release may include certain statements concerning expectations for the future that are forward-looking statements as defined by federal law. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management’s control. An extensive list of factors that can affect future results, including future distribution levels and leverage ratio, are discussed in the Partnership’s Annual Report on Form 10-K and other documents filed from time to time with the Securities and Exchange Commission. In addition to the risks and uncertainties previously disclosed, the Partnership has also been, or may in the future be, impacted by new or heightened risks related to the COVID-19 pandemic, and we cannot predict the length and ultimate impact of those risks. The Partnership undertakes no obligation to update or revise any forward-looking statement to reflect new information or events.

This release serves as qualified notice to nominees as provided for under Treasury Regulation section 1.1446-4(b)(4) and (d). Please note that 100 percent of Energy Transfer LP’s distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, all of Energy Transfer LP’s distributions to foreign investors are subject to federal tax withholding at the highest applicable effective tax rate. Nominees, and not Energy Transfer LP, are treated as withholding agents responsible for withholding distributions received by them on behalf of foreign investors.

The information contained in this press release is available on our website at energytransfer.com.

Investor Relations:
Bill Baerg
Brent Ratliff
Lyndsay Hannah
214-981-0795

Media Relations:
Vicki Granado
214-840-5820

Strong Operational Performance Drives Double-Digit Growth in Revenue, Operating EBITDA and Net Cash Provided by Operating Activities

HOUSTON--(BUSINESS WIRE)--WM (NYSE: WM) today announced financial results for the quarter ended March 31, 2022.

“We had an excellent start to the year, as our first quarter results put us on a path to comfortably achieve our full-year guidance,” said Jim Fish, WM’s President and Chief Executive Officer. “I am proud of how we continue to respond to inflationary pressures in our business. Our teams executed remarkably well, delivering double-digit growth in revenue, operating EBITDA and net cash provided by operating activities in the quarter. We also advanced our long-term strategic priorities of providing the best workplace for our employees, progressing technology and automation that differentiates WM and reduces costs, and leveraging our sustainability platform for growth.”

Fish continued, “In addition, the key leading performance indicators within our business, such as special waste volumes, construction and demolition volumes, and new business formation, point to continued strong economic activity and business performance for the balance of the year.”

KEY HIGHLIGHTS FOR THE FIRST QUARTER OF 2022

Revenue

• Core price for the first quarter of 2022 was 7.3% compared to 3.4% in the first quarter of 2021.^(d)
• Collection and disposal yield was 5.5% in the first quarter of 2022 compared to 2.8% in the first quarter of 2021.^(f)
• Total Company volumes increased 3.6% in the first quarter of 2022, or 3.2% on a workday adjusted basis, compared to a decline of 3.3% in the first quarter of 2021, or a decline of 2.7% on a workday adjusted basis.^(f)

Cost Management

• Operating expenses as a percentage of revenue increased 120 basis points to 62.3% when compared to the first quarter of 2021 but improved 70 basis points when compared to the fourth quarter of 2021. The increase in operating expense margin in the first quarter, when compared to the prior year, was primarily due to the impacts of increased wages for front-line employees, higher commodity prices for recyclables, and alternative fuel tax credits received in the prior year that have not yet been renewed for 2022.
• SG&A expenses were 10.5% of revenue in the first quarter of 2022 compared to 11.1% in the first quarter of 2021. On an adjusted basis, SG&A expenses were 10.1% of revenue in the first quarter of 2022 compared to 10.7% in the first quarter of 2021.^(a)

Profitability

• Operating EBITDA in the Company’s collection and disposal business, adjusted on the same basis as total Company operating EBITDA, was $1.4 billion, or 31.2% of revenue, for the first quarter of 2022, compared to $1.3 billion, or 31.8% of revenue, for the first quarter of 2021.^(e)
• Operating EBITDA in the Company’s recycling line of business, adjusted on the same basis as total Company operating EBITDA, improved by $23 million compared to the first quarter of 2021. The improvement was primarily driven by increases in market prices for recycled commodities.
• Operating EBITDA in the Company’s renewable energy business, adjusted on the same basis as total Company operating EBITDA, improved by $13 million compared to the first quarter of 2021, primarily driven by increases in the value of renewable fuel standard credits, or RINs.

Free Cash Flow & Capital Allocation

• In the first quarter of 2022, net cash provided by operating activities was $1.26 billion compared to $1.12 billion in the first quarter of 2021. The improvement in net cash provided by operating activities was primarily driven by the increase in operating EBITDA.
• In the first quarter of 2022, capital expenditures to support the business were $371 million compared to $259 million in the first quarter of 2021. In addition, in the first quarter of 2022, capital expenditures for sustainability growth investments were $47 million compared to $11 million in the first quarter of 2021.
• In the first quarter of 2022, free cash flow was $845 million compared to $865 million in the first quarter of 2021.^(a) In the first quarter of 2022, free cash flow without sustainability growth investments was $892 million compared to $876 million in the first quarter of 2021.^(a)
• During the first quarter of 2022, $525 million was returned to shareholders, including $275 million of cash dividends and $250 million allocated to share repurchases.

Fish concluded, “In addition to our strong financial performance, we also take pride in being recognized among the World’s Most Ethical Companies by Ethisphere in March. This was the 13th time WM has received this distinction, and it reflects our commitment to being a responsible operator that achieves success with integrity.”

The Company will host a conference call at 10 a.m. ET today to discuss the first quarter results. Information contained within this press release will be referenced and should be considered in conjunction with the call.

The conference call will be webcast live from the Investors section of Waste Management’s website www.wm.com. To access the conference call by telephone, please dial (877) 710-6139 approximately 10 minutes prior to the scheduled start of the call. If you are calling from outside of the United States or Canada, please dial (706) 643-7398. Please utilize conference ID number 3365157 when prompted by the conference call operator.

A replay of the conference call will be available on the Company’s website www.wm.com and by telephone from approximately 1 p.m. ET today through 5 p.m. ET on Tuesday, May 11, 2022. To access the replay telephonically, please dial (855) 859-2056, or from outside of the United States or Canada dial (404) 537-3406 and use the replay conference ID number 3365157.

ABOUT WASTE MANAGEMENT

WM, based in Houston, Texas, is the leading provider of comprehensive waste management environmental services in North America, providing services throughout the United States and Canada. Through its subsidiaries, the Company provides collection, transfer, disposal services, and recycling and resource recovery. It is also a leading developer, operator and owner of landfill gas-to-energy facilities in the United States. The Company’s customers include residential, commercial, industrial, and municipal customers throughout North America. To learn more information about Waste Management, visit www.wm.com.

FORWARD-LOOKING STATEMENTS

The Company, from time to time, provides estimates of financial and other data, comments on expectations relating to future periods and makes statements of opinion, view or belief about current and future events. This press release contains a number of such forward-looking statements, including but not limited to all statements regarding future performance or financial results of our business; achievement of financial guidance; future volumes and economic activity; and future execution of strategic priorities, including pricing, cost reduction, investments and sustainability projects and growth. You should view these statements with caution. They are based on the facts and circumstances known to the Company as of the date the statements are made. These forward-looking statements are subject to risks and uncertainties that could cause actual results to be materially different from those set forth in such forward-looking statements, including but not limited to failure to implement our optimization, growth, and cost savings initiatives and overall business strategy; failure to identify acquisition targets, consummate and integrate acquisitions; failure to obtain the results anticipated from acquisitions, including continuing to realize the strategic benefits and cost synergies from our acquisition of Advanced Disposal Services, Inc.; environmental and other regulations, including developments related to emerging contaminants, gas emissions and renewable fuel; significant environmental, safety or other incidents resulting in liabilities or brand damage; failure to obtain and maintain necessary permits; failure to attract, hire and retain key team members and a high quality workforce; changes in wage and labor related regulations; significant storms and destructive climate events; public health risk and other impacts of COVID-19 or similar pandemic conditions, including related regulations, resulting in increased costs and social, labor and commercial disruption; macroeconomic pressures and market disruption resulting in labor, supply chain and transportation constraints and inflationary cost pressure; increased competition; pricing actions; commodity price fluctuations; impacts from Russia’s recent invasion of Ukraine and the resulting geopolitical conflict and international response, including increased risk of cyber incidents and exacerbation of market disruption, inflationary cost pressure and changes in commodity prices, fuel and other energy costs; international trade restrictions; disposal alternatives and waste diversion; declining waste volumes; weakness in general economic conditions and capital markets; adoption of new tax legislation; fuel shortages; failure to develop and protect new technology; failure of technology to perform as expected, including implementation of a new enterprise resource planning and human capital management system; failure to prevent, detect and address cybersecurity incidents or comply with privacy regulations; negative outcomes of litigation or governmental proceedings; and decisions or developments that result in impairment charges. Please also see the Company’s filings with the SEC, including Part I, Item 1A of the Company’s most recently filed Annual Report on Form 10-K, for additional information regarding these and other risks and uncertainties applicable to its business. The Company assumes no obligation to update any forward-looking statement, including financial estimates and forecasts, whether as a result of future events, circumstances or developments or otherwise.

NON-GAAP FINANCIAL MEASURES

To supplement its financial information, the Company has presented, and/or may discuss on the conference call, adjusted earnings per diluted share, adjusted net income, adjusted income from operations, adjusted SG&A expenses, adjusted operating EBITDA, adjusted operating EBITDA margin, and free cash flow. All of these items are non-GAAP financial measures, as defined in Regulation G of the Securities Exchange Act of 1934, as amended. The Company reports its financial results in compliance with GAAP but believes that also discussing non-GAAP measures provides investors with (i) financial measures the Company uses in the management of its business and (ii) additional, meaningful comparisons of current results to prior periods’ results by excluding items that the Company does not believe reflect its fundamental business performance and are not representative or indicative of its results of operations.

The Company discusses free cash flow because the Company believes that it is indicative of its ability to pay its quarterly dividends, repurchase common stock, fund acquisitions and other investments and, in the absence of refinancings, to repay its debt obligations. Free cash flow is not intended to replace “Net cash provided by operating activities,” which is the most comparable GAAP measure. The Company believes free cash flow gives investors useful insight into how the Company views its liquidity, but the use of free cash flow as a liquidity measure has material limitations because it excludes certain expenditures that are required or that the Company has committed to, such as declared dividend payments and debt service requirements. The Company defines free cash flow as net cash provided by operating activities, less capital expenditures, plus proceeds from divestitures of businesses and other assets (net of cash divested); this definition may not be comparable to similarly-titled measures reported by other companies.

The quantitative reconciliations of non-GAAP measures to the most comparable GAAP measures are included in the accompanying schedules. Non-GAAP measures should not be considered a substitute for financial measures presented in accordance with GAAP.

Waste Management

Website
www.wm.com

Analysts
Ed Egl
713.265.1656
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Media
Toni Werner
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• “A” grade awarded by independent certifier after review of methane emission management programs
• Certification process expanding to other U.S. shale operations
• Independently certified natural gas helps meet customer demand for energy produced with fewer methane emissions

IRVING, Texas--(BUSINESS WIRE)--ExxonMobil said today that approximately 200 million cubic feet per day of natural gas produced from its Permian Basin facilities at Poker Lake, New Mexico have been independently certified and received the top grade for methane emissions management. The certification from MiQ helps the company meet customer demand for energy produced with fewer emissions. ExxonMobil is the first company to achieve certification for natural gas production associated with oil.

“This certification further validates the steps we have taken to reduce methane emissions, which is part of our plans to achieve net zero Scope 1 & 2 greenhouse emissions in our Permian Basin unconventional operations by 2030,” said Tom Schuessler, senior vice president of unconventional at ExxonMobil. “Certification gives our customers confidence that we are responsibly producing natural gas with best-in-class emission management programs to help them meet their emissions goals.”

MiQ awarded the “A” grade certification because of ExxonMobil’s extensive multi-tiered technology approach to methane monitoring and mitigation at its Poker Lake facilities in New Mexico. These efforts include a combination of fixed monitoring systems, aerial imaging technology, optical gas imaging cameras, proprietary acoustic sensors, and robust leak detection and repair practices. Responsible Energy Solutions performed ExxonMobil’s assessment using the MiQ Standard.

“It’s widely accepted that it’s now the time to take steps to limit the effects of climate change and reducing methane emissions is one of the most significant actions we can take,” said Georges Tijbosch, CEO of MiQ. “MiQ is pioneering Independently Certified Gas to help accelerate methane reductions from the natural gas industry and, as one of the world’s largest energy companies, ExxonMobil’s expansion of the certification program demonstrates that Independently Certified Gas is rapidly becoming the status quo.”

ExxonMobil is expanding the certification process to other operating areas, including Appalachia natural gas operations in Pennsylvania and West Virginia. It is now selling commercial volumes to customers, including Xcel Energy, which plans to use the natural gas to power homes, schools and businesses in southeastern New Mexico with fewer lifecycle emissions than non-certified natural gas.

“Xcel Energy is committed to delivering net-zero energy by 2050 across all the ways our customers use energy, and that includes powering our generating fleet with natural gas purchased only from suppliers with certified low-methane emissions by 2030,” said David Hudson, president of Xcel Energy in New Mexico and Texas. “Fueling our New Mexico power plants with ExxonMobil’s certified natural gas is an important step in that direction and enables us to achieve the cleaner energy future we’re all envisioning.”

ExxonMobil has played a leadership role in methane mitigation and supports strong measurement, reporting and verification standards as part of a broad suite of regulations to help reduce methane emissions. ExxonMobil is a founding member of the Methane Guiding Principles, and in 2020 introduced a model regulatory framework for industry-wide methane regulations. ExxonMobil supports the U.S. and European Union’s Global Methane Pledge, the proposed U.S. Methane Emissions Reduction Action Plan and the Oil and Gas Climate Initiative’s Aiming for Zero Methane Emissions.

Mitigating methane emissions is an important component of ExxonMobil’s plans to achieve net zero Scope 1 & 2 greenhouse gas emissions in the Permian Basin unconventional assets by 2030. Other parts of the plan include electrifying operations using renewable and lower-carbon power sources, eliminating routine flaring by year-end 2022, upgrading equipment and enhancing processes.

Similar GHG emission-reduction road maps are being developed for the company’s major operated upstream, refining and chemicals assets around the world. ExxonMobil has announced an ambition to achieve net zero Scope 1 and 2 greenhouse gas emissions for its major operated assets by 2050, as detailed in the 2022 Advancing Climate Solutions Progress Report.

About ExxonMobil

ExxonMobil, one of the largest publicly traded international energy and petrochemical companies, creates solutions that improve quality of life and meet society’s evolving needs.

The corporation’s primary businesses - Upstream, Product Solutions and Low Carbon Solutions - provide products that enable modern life, including energy, chemicals, lubricants, and lower-emissions technologies. ExxonMobil holds an industry-leading portfolio of resources, and is one of the largest integrated fuels, lubricants and chemical companies in the world. To learn more, visit exxonmobil.com and the Energy Factor.

Follow us on Twitter and LinkedIn.

Cautionary Statement

Outlooks; projections; goals; descriptions of strategic plans and objectives are forward-looking statements. Similarly, emission-reduction roadmaps to drive toward net zero are dependent on future market factors, such as continued technological progress and policy support, and represent forward-looking statements. Forward-looking statements include plans to capture methane and detect leaks ; achieve ambitions to reach Scope 1 and Scope 2 net zero from operated assets by 2050, or Scope 1 and Scope 2 net zero in Upstream Permian operated assets by 2030, the elimination of routine flaring in-line with World Bank Zero Routine Flaring, or the completion of major asset emission-reduction roadmaps. Actual future results could differ materially due to a number of factors. These include the effectiveness of third party certifications; development and pace of supportive market conditions and national, regional and local policies relating to emission reductions, including methane leaks; changes in laws and regulations including laws and regulations regarding greenhouse gas emissions, carbon costs, and taxes; trade patterns and the development and enforcement of local, national and international mandates and treaties; unforeseen technical or operational difficulties; the ability to bring new technologies to commercial scale on a cost-competitive basis, including large-scale hydraulic fracturing projects and methane leak detection technologies; changes in supply and demand and other market factors affecting future prices of oil, gas, and petrochemical products; and other factors discussed in this release and under the heading “Factors Affecting Future Results” on the Investors page of ExxonMobil’s website at exxonmobil.com.

ExxonMobil Media Relations
972-940-6007

Top industry talent will help GlidePath advance its nationwide energy storage development portfolio

ELMHURST, Ill.--(BUSINESS WIRE)--GlidePath Power Solutions LLC (“GlidePath”), today announced it has hired Deonne Cunningham Nauls as the energy storage company’s General Counsel. Her addition to GlidePath’s senior leadership team will help the company continue to advance its 12 GWh development inventory of battery storage and solar-plus-storage projects across 20 U.S. states.

“Deonne will be a critical contributor to GlidePath’s success as our company continues to grow,” said Chris McKissack, CEO of GlidePath. “Talented energy leaders are in high demand, especially in the energy storage sector. I’m proud that she has chosen to spend the next chapter of her career at GlidePath.”

Deonne Cunningham Nauls joins GlidePath from Symmetry Energy Solutions where she served as Associate General Counsel. She has worked as counsel for several leading energy firms including Direct Energy, Noble Energy and Repsol. Ms. Nauls previously served as the Vice Chair of the Steering and Finance Committee and currently serves as a Board Member, Texas Chapter of the Energy Bar Association.

As one of the first independent energy storage developers in the U.S., GlidePath has a proven track record in the development, design, construction, and operations of battery storage assets in multiple energy markets. GlidePath has made other notable hires this year, bolstering their engineering, construction, and operations teams to support the continued buildout of its project inventory and capital deployment plans. The company’s latest project is the 50 MW Byrd Ranch storage project which began construction in February 2022.

About GlidePath

GlidePath Power Solutions is a leading developer of distributed power solutions spanning multiple technologies and U.S. power markets. Led by a team of power industry veterans, GlidePath has successfully developed multiple battery storage projects in the U.S. and is actively advancing a multi-technology project development portfolio exceeding 12 GWh of planned distributed power capacity. Chicago-based GlidePath is a portfolio company of Quinbrook Infrastructure Partners, a specialist investor in renewables, storage and grid support infrastructure. For more information, visit www.glidepath.net.

About Quinbrook Infrastructure Partners

Quinbrook Infrastructure Partners (http://www.quinbrook.com) is a specialist investment manager focused exclusively on renewables, storage and grid support infrastructure and operational asset management in the US, UK, and Australia. Quinbrook is led and managed by a senior team of power industry professionals who have collectively invested c.USD 8.2 billion equity in energy infrastructure assets since the early 1990s, representing a total enterprise value of c.USD 28.7 billion or 19.5 GW of power supply capacity. Quinbrook has completed a diverse range of direct investments in both utility and distributed scale onshore wind and solar power, battery storage, reserve peaking capacity, biomass, fugitive methane recovery, hydro and flexible energy management solutions in the US, UK, and Australia.

Peter Gray, Aileron Communications
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Program brings relief to underserved businesses needing their own water treatment.

CLEARWATER, Fla.--(BUSINESS WIRE)--$OCLN #cleanwater--OriginClear Inc. (OTC Pink: OCLN), a leader in clean water innovation, announces that it will spin off its Water On Demand™ business. Water On Demand is a breakthrough water fintech startup that finances private water utility programs.

“Water On Demand can help businesses eliminate or mitigate their dependency on municipal sewage treatment, which can be costly or even totally unavailable,” said Riggs Eckelberry, OriginClear CEO. “This is a growing trend as city water systems fall behind on funding ─ and populations increasingly migrate away from big urban centers. For waste water producers, the ability to pay-as-you-go for water treatment services is revolutionary. For investors, Water On Demand enables them to participate in the financing of these services at a stage we believe is undervalued.”

"There is no more important commodity than clean water,” said Ken Berenger, OriginClear Executive Vice President. “Let’s face it, dollar inflation is a fact of life today, and investors need to find shelter in physical, income-bearing assets; but the challenge is finding an asset that is not overvalued right now.”

Water On Demand™ gives investors the opportunity to potentially earn royalties from private water utility projects serving industrial and agricultural businesses that are not being adequately served by America’s underfunded municipal water systems. With Water On Demand, these businesses can simply sign a contract for water treatment without upfront capital or the need to do their own costly maintenance. Customers simply pay by the gallon of treated wastewater.

In addition to royalties, early investors are entitled to receive equity grants in OriginClear. The first $20 million of investment capital will also receive dilution-protected shares in the new subsidiary.

The launch of Water On Demand is the first of several anticipated business property spinoffs.

“We have an array of outstanding brands,” said Tom Marchesello, OriginClear COO. “But the most immediate candidate is Water On Demand, which has the potential to bring hundreds of significant investments into badly-needed water projects, transforming the state of water as we know it.”

Other Company business properties include Modular Water Systems, which owns a master license to five key international patents for prefabricated, highly-durable modular water treatment and pumping products. Being a proprietary technology, MWS frequently qualifies as “Basis of Design” for projects, which means that competitors cannot easily undercut MWS.

“With the support of our amazing investors and backers, we have incubated a series of valuable brands, and it’s time to help them shine on their own,” said Riggs Eckelberry, OriginClear CEO. “We believe that through Crowdfunding platforms we can launch and fund a series of highly focused ‘pure plays’ that can leverage targeted strategic partnerships and have the potential to be future stand-alone public companies.”

Recently, OriginClear agreed in principle to an arrangement with Houston-based, international water service company Envirogen Technologies for certain operations and maintenance (O&M) functions, the first of a potential series of such partnerships, intended to enable Water On Demand to focus on finance and asset management while the water industry benefits from a steady stream of pre-capitalized projects. This focus on capital makes Water On Demand a true fintech startup in the water industry. In March, it met its first $1 million milestone in dedicated capital.

Accredited investors interested in a water asset investment should contact This email address is being protected from spambots. You need JavaScript enabled to view it. or click on the Invest button on the www.originclear.com website.

About OriginClear Inc.

OriginClear leads the self-reliant water revolution, democratizing water investment by developing a marketplace to connect investors with water projects; and commercializing modular, prefabricated, filter-free advanced systems for faster sanitation worldwide. With America’s broken infrastructure and 100 billion dollars of government spending to fix the nation’s 150,000-plus water systems, OriginClear is helping them “cut the cord,” by developing outsourced pay-per-gallon programs and a future digital currency to streamline payments. Our line of Modular Water products and systems is key to the self-reliant water treatment revolution as they create “instant infrastructure” – fully engineered, prefabricated and prepackaged systems that use durable, sophisticated materials.

For more information, visit the company’s website: www.OriginClear.com

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OriginClear Safe Harbor Statement:

Matters discussed in this release contain forward-looking statements. When used in this release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein.

These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with our history of losses and our need to raise additional financing, the acceptance of our products and technology in the marketplace, our ability to demonstrate the commercial viability of our products and technology and our need to increase the size of our organization, and if or when the Company will receive and/or fulfill its obligations under any purchaser orders. Further information on the Company's risk factors is contained in the Company's quarterly and annual reports as filed with the Securities and Exchange Commission. The Company undertakes no obligation to revise or update publicly any forward-looking statements for any reason except as may be required under applicable laws.

Media Contact
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Lais Pontes Greene, (954) 960-6083
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www.thepontesgroup.com

Investor Relations and Press Contact:
Devin Angus
Toll-free: 877-999-OOIL (6645) Ext. 3
International: +1-323-939-6645 Ext. 3
Fax: 323-315-2301
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www.OriginClear.com

LUGANO, Switzerland & WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Energy Vault Holdings, Inc. (NYSE: NRGV, NRGV WS) (“Energy Vault), a leader in sustainable grid-scale energy storage solutions, announced today that the Company will release its earnings results for the first quarter ended March 31, 2022 on Monday, May 16, 2022 followed by a conference call at 5:00 PM ET.

Participants may access the call at 1-877-704-4453, international callers may use 1-201-389-0920, and request to join the Energy Vault Holdings earnings call. A live webcast will also be available at https://investors.energyvault.com/events-and-presentations/events.

A telephonic replay of the call will be available shortly after the conclusion of the call and until May 30, 2022. Participants may access the replay at 1-844-512-2921, international callers may use 1-412-317-6671 and enter access code 13729269. An archived replay of the call will also be available on the investors portion of the Energy Vault website at https://investors.energyvault.com/.

About Energy Vault
Energy Vault develops sustainable energy storage solutions designed to transform the world’s approach to utility-scale energy storage for grid resiliency. The company’s proprietary, gravity-based Energy Storage Technology and the Energy Storage Management and Integration Platform are intended to help utilities, independent power producers and large industrial energy users significantly reduce their levelized cost of energy while maintaining power reliability. Utilizing eco-friendly materials with the ability to integrate waste materials for beneficial re-use, Energy Vault is facilitating the shift to a circular economy while accelerating the clean energy transition for its customers.

For more information on Energy Vault, please see the Company’s website at https://www.energyvault.com/.

Investors:
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HOUSTON, Texas--(BUSINESS WIRE)--SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow” or “the Company”) announced today it will release financial and operating results for the first quarter 2022 and post an updated corporate presentation after market close on Wednesday, May 4, 2022. SilverBow will host a conference call to discuss its results on Thursday, May 5, 2022 at 8:00 a.m. Central Time (9:00 a.m. Eastern Time).

ABOUT SILVERBOW RESOURCES, INC.

SilverBow Resources, Inc. (NYSE: SBOW) is a Houston-based energy company actively engaged in the exploration, development, and production of oil and gas in the Eagle Ford Shale and Austin Chalk in South Texas. With over 30 years of history operating in South Texas, the Company possesses a significant understanding of regional reservoirs which it leverages to assemble high quality drilling inventory while continuously enhancing its operations to maximize returns on capital invested. For more information, please visit www.sbow.com. Information on the Company’s website is not part of this release.

Jeff Magids
Director of Finance & Investor Relations
(281) 874-2700, (888) 991-SBOW

BOSTON--(BUSINESS WIRE)--SES AI Corporation (NYSE: SES), a global leader in the development and manufacturing of high-performance lithium-metal (Li-Metal) rechargeable batteries for electric vehicles (EVs) and other applications announced today that it will release its first-quarter 2022 financial results after the market closes on May 12, 2022, to be followed by a conference call at 5:00 p.m. EDT on the same day.

A webcast of the live conference call will be available through SES’s Investor Relations website investors.ses.ai, along with the earnings press release. The following link can be used to register in advance for the call: earnings call webcast.

The conference call can also be accessed live over the phone by dialing the following numbers:

A webcast replay of the conference call will be available approximately two hours after the event is over at investors.ses.ai/events-and-presentations/events/default.aspx.

About SES

SES is a global leader in development and production of high-performance Li-Metal rechargeable batteries for electric vehicles (EVs) and other applications. Founded in 2012, SES is an integrated Li-Metal battery manufacturer with strong capabilities in material, cell, module, AI-powered safety algorithms and recycling. Formerly known as SolidEnergy Systems, SES is headquartered in Boston and has operations in Singapore, Shanghai, and Seoul. To learn more about SES, please visit: ses.ai/investors/

Investors: Eric Goldstein This email address is being protected from spambots. You need JavaScript enabled to view it.
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LOWELL, Ark.--(BUSINESS WIRE)--J.B. Hunt Transport Services Inc. (NASDAQ: JBHT), one of the largest supply chain solutions providers in North America, was recently named a 2022 Best Employer for Diversity by Forbes, marking the second consecutive year the company has received the distinction.

"Building and promoting an inclusive workplace is critical to our organization because it creates an environment where employees are empowered,” said Shelley Simpson, chief commercial officer and executive vice president of people and human resources at J.B. Hunt. “Our employees bring diverse perspectives and ideas to the company, and we are confident they will continue to move us forward as an industry leader.”

To determine the Best Employers for Diversity, Forbes partnered with Statista, a market research company, to survey more than 60,000 U.S. individuals who work for companies with at least 1,000 employees. Respondents were asked to rate organizations based on a set of criteria, including age, gender, ethnicity, disability, LGBTQIA+ & general diversity in their current workplace. Evaluations were also based on diversity among top executives and recommendations in which participants assessed other employers in their respective industries.

J.B. Hunt offers various initiatives to promote the value of an inclusive workplace for employees, their families and communities. The company has multiple employee resource groups which provide employees the opportunity to connect with one another and encourage growth and development within the organization. Additionally, J.B. Hunt launched its Office of Inclusion in 2021, to lead the company’s Enterprise Inclusion strategy and help foster a more inclusive culture. J.B. Hunt is also working closely with the University of Arkansas Sam M. Walton College of Business to address inclusivity in the supply chain. The two launched a collaboration in 2020 to increase awareness of inclusion and diversity in the industry, and this year, will award the first recipient of an endowed scholarship program to encourage students to pursue supply chain careers and contribute to the college’s diverse educational environment.

About J.B. Hunt

J.B. Hunt Transport Services, Inc., an S&P 500 company, provides innovative supply chain solutions for a variety of customers throughout North America. Utilizing an integrated, multimodal approach, the company applies technology-driven methods to create the best solution for each customer, adding efficiency, flexibility, and value to their operations. J.B. Hunt services include intermodal, dedicated, refrigerated, truckload, less-than-truckload, flatbed, single source, final mile, and more. J.B. Hunt Transport Services, Inc. stock trades on NASDAQ under the ticker symbol JBHT and is a component of the Dow Jones Transportation Average. J.B. Hunt Transport, Inc. is a wholly owned subsidiary of JBHT. For more information, visit www.jbhunt.com.

Brittnee Davie
Vice President - Marketing
479.419.3178
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NEW YORK--(BUSINESS WIRE)--Satellogic Inc. (NASDAQ: SATL), a leader in sub-meter resolution satellite imagery collection, has entered into a teaming agreement with Geollect, a world leading geospatial intelligence and data analysis company, to offer unrivalled maritime domain awareness capabilities.

Satellogic will contribute its maritime imagery collection and processing capabilities to Geollect, which will lead the sensor and geolocation monitoring process for analysis. This collaborative workflow will provide important insights into specific areas of interest in any maritime domain globally, e.g., military, and commercial ports. It is an exemplary model of how high-resolution Earth Observation (“EO”) data can be simplified and visualized through an intuitive user interface, enabling near real-time asset tracking and alerting solutions, on a global scale.

“This opportunity with Geollect further demonstrates the power of Earth Observation, geospatial intelligence, and analytics,” said Satellogic CEO, Emiliano Kargieman. “The Geollect relationship aligns with our strategy to work with best-in-class organizations to exploit the power of combining Earth Observation and data analytics platforms.”

The arrangement between Satellogic and Geollect will offer unprecedented maritime domain awareness and valuable insights to government agencies in the fields of security, defence, and law enforcement as well as commercial sector organizations across transport, utilities, and insurance.

Geollect Co-Founder and CEO, Cate Gwilliam, said, “We are an intelligence-led geospatial analytics company wholly committed to providing our clients with answers to the difficult questions they are asking themselves, resulting in a higher degree of clarity and confidence in real-time decision management. That’s why we’re very excited to be working with Satellogic and look forward to exploring how their high-frequency and high-resolution imagery can provide our clients with even greater transparency and insight.”

About Satellogic

Founded in 2010 by Emiliano Kargieman and Gerardo Richarte, Satellogic (NASDAQ:SATL) is the first vertically integrated geospatial company, driving real outcomes with planetary-scale insights. Satellogic is creating and continuously enhancing the first scalable, fully automated EO platform with the ability to remap the entire planet at both high-frequency and high-resolution, providing accessible and affordable solutions for customers.

Satellogic’s mission is to democratize access to geospatial data of high-resolution images and analytics through its information platform to help solve the world’s most pressing problems including climate change, energy supply, and food security. Using its patented Earth imaging technology, Satellogic unlocks the power of EO to deliver high-quality, planetary insights at the lowest cost in the industry.

With more than a decade of experience in space, Satellogic has proven technology and a strong track record of delivering satellites to orbit and high-resolution data to customers at the right price point.

To learn more, please visit: http://www.satellogic.com

About Geollect

Geollect is comprised of experienced professionals, formerly of the UK and US Intelligence Communities, and academics with advanced geospatial data and intelligence analytic capabilities, creating a potent blend of tech-intelligence authority. Geollect employs an intelligence-led approach to data science and take a data science approach to intelligence collection, resulting in a higher degree of clarity and confidence in real-time decision management.

Find out more at: https://www.geollect.com/

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the U.S. federal securities laws. The words “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intends”, “may”, “might”, “plan”, “possible”, “potential”, “predict”, “project”, “should”, “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements are based on Satellogic’s current expectations and beliefs concerning future developments and their potential effects on Satellogic and include statements concerning Satellogic’s strategies, Satellogic’s future opportunities, and the commercial and governmental applications for Satellogic’s technology. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. These statements are based on various assumptions, whether or not identified in this press release. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by, an investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Satellogic. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) Satellogic’s ability to scale its constellation, (ii) Satellogic’s ability to continue to meet image quality expectations, to continue to enhance the capability of its network of satellites and to continue to offer superior unit economics, (iii) Satellogic’s ability to become or remain an industry leader, (iv) the number of commercial applications for Satellogic’s products and services, (v) Satellogic’s ability to address all commercial applications for satellite imagery, changes in the competitive and highly regulated industries in which Satellogic operates, variations in operating performance across competitors and changes in laws and regulations affecting Satellogic’s business, (vi) the ability to implement business plans, forecasts and other expectations, and to identify and realize additional opportunities, (vii) the risk of downturns in the commercial launch services, satellite and spacecraft industry, (viii) the risk that Satellogic and its current and future collaborators are unable to successfully develop and commercialize Satellogic’s products or services, or experience significant delays in doing so, (ix) the risk that third-party suppliers and manufacturers are not able to fully and timely meet their obligations, (x) the risk of product liability or regulatory lawsuits or proceedings relating to Satellogic’s products and services, and (xi) the risk that Satellogic is unable to secure or protect its intellectual property.

The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of Satellogic’s registration statement on Form F-1 and the prospectus included therein and other documents filed or to be filed by Satellogic from time to time with the Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Satellogic assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Satellogic can give no assurance that it will achieve its expectations.

Investor Relations:
MZ Group
Chris Tyson/Larry Holub
(949) 491-8235
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Media Relations:

Satellogic
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SAN JOSE, Calif.--(BUSINESS WIRE)--Power Integrations (NASDAQ: POWI), the leader in high-voltage integrated circuits for energy-efficient power conversion, will be showcasing new products for the electric vehicle and industrial gate driver markets at PCIM Europe 2022 in Nuremberg, Germany next month.

Panel and speaking sessions:

• May 11, 2022, 2:15-3:15 p.m., Hall 6, Booth 6-246: Power Integrations’ President and CEO Balu Balakrishnan, “The Next Level of Wide Bandgap Design – GaN” panel session
• May 12, 2022, 2:25-2:45 p.m., Hall 6, Booth 6-224: Power Integrations’ Senior Director and Automotive Systems Engineer Michael Hornkamp, “ASIL-Ready 1200 V Gate-Drivers for Electric Buses & Trucks” presentation

Power Integrations’ products will also be featured in the following partner booths:

• Infineon Technologies, Hall 7, Booth 412
• Hitachi Europe Ltd, Hall 9, Booth 354
• Hy-Line, Hall 9, Booth 433
• MEV Elektronik Service, Hall 7, Booth 440

About Power Integrations
Power Integrations, Inc. is a leading innovator in semiconductor technologies for high-voltage power conversion. The company’s products are key building blocks in the clean-power ecosystem, enabling the generation of renewable energy as well as the efficient transmission and consumption of power in applications ranging from milliwatts to megawatts. For more information, please visit www.power.com.

Power Integrations, power.com, and the Power Integrations logo are trademarks or registered trademarks of Power Integrations, Inc. All other trademarks are the property of their respective owner.

Media Contact
Linda Williams
Power Integrations
(408) 414-9837
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Press Agency Contact
Nick Foot
BWW Communications
+44-1491-636 393
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Expanded Matrix aimed at enterprise IoT systems that incorporate multiple types of connected devices, cloud services, and networking technologies

SEATTLE--(BUSINESS WIRE)--#CCM--The Cloud Security Alliance (CSA), the world’s leading organization dedicated to defining standards, certifications, and best practices to help ensure a secure cloud computing environment, today announced the Internet of Things (IoT) Controls Matrix Version 3 and the accompanying Guide to the CSA IoT Controls Matrix Version 3. Created by the CSA IoT Working Group, Version 3 of the Matrix builds upon previous iterations, increasing the number of controls to 199 while adding a new incident management domain and improving technical clarity and referencing. Together with the guide, the Matrix will help users – especially those with enterprise IoT systems that incorporate multiple types of connected devices, cloud services, and networking technologies – identify appropriate security controls and allocate them to specific architectural components, including devices, networks, gateways, and cloud services.

“The IoT market continues to expand with newly introduced advances in connectivity and autonomy across industry sectors. But relying on IoT-generated data and features requires organizations that adopt these new technologies to plan for accessible, secure, and resilient deployments. Given the rapid evolution of connected technologies and the constant flow of new threats, it can be challenging without a roadmap on how to move forward,” said Aaron Guzman, IoT Working Group Co-chair and one of the paper’s lead authors.

Version 3 of the Matrix can be used across numerous IoT domains from systems processing only “low-value” data with limited impact potential to highly sensitive systems that support critical services. The companion guide explains how to use the Matrix to evaluate and implement an IoT system, and provides a column-by-column description and explanation. Additionally, it has been updated to include industry profiles, which represent starting points for securing industry-specific IoT devices, such as medical devices, vehicles, and autonomous systems.

“Creating a safe IoT environment requires security engineering that addresses unique risks and employs appropriate mitigation measures. The IoT Controls Matrix offers up a starting point for organizations looking to better understand and implement security controls within their IoT architecture,” said Michael Roza, Risk, Audit Control and Compliance Professional and one of CSA’s Research Fellows and a lead author of all three versions of the IoT Controls Matrix.

The IoT Controls Matrix (formerly called the IoT Security Controls Framework), first released in early 2019, introduced 155 base-level security controls required to mitigate many of the risks associated with an IoT system that incorporates multiple types of connected devices, cloud services, and networking technologies. Today, it continues to be used by system architects, developers, and security engineers along with auditors and penetration testers in evaluating their implementations' security as they progress through the development lifecycle to ensure they meet industry-specified best practices.

The IoT Controls Matrix complements the CSA Cloud Controls Matrix, CSA Enterprise Architecture, and other best practices as part of a holistic approach to securing the cloud ecosystem. The Matrix and accompanying guide are free resources and are available for download now.

The CSA IoT Working Group develops frameworks, processes and best practices for securing connected systems. The Working Group addresses topics including data privacy, safety and security at the edge and in the cloud. Individuals interested in becoming involved in future IoT research and initiatives are invited to visit the Join page.

About Cloud Security Alliance

The Cloud Security Alliance (CSA) is the world’s leading organization dedicated to defining and raising awareness of best practices to help ensure a secure cloud computing environment. CSA harnesses the subject matter expertise of industry practitioners, associations, governments, and its corporate and individual members to offer cloud security-specific research, education, training, certification, events, and products. CSA's activities, knowledge, and extensive network benefit the entire community impacted by cloud — from providers and customers to governments, entrepreneurs, and the assurance industry — and provide a forum through which different parties can work together to create and maintain a trusted cloud ecosystem. For further information, visit us at www.cloudsecurityalliance.org, and follow us on Twitter @cloudsa.

Kristina Rundquist
ZAG Communications for CSA
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ROCKVILLE, Md.--(BUSINESS WIRE)--#industrial--Standard Solar, Inc., a leader in the acquisition, development, ownership and operation of commercial and community solar, is partnering with Acadia Energy to develop a 7.5 megawatt (MW) solar farm in an industrial park in the Town of Fort Fairfield (Town), Maine. The area is on the western side of the former ReEnergy biomass plant site.

The solar farm will lease land from Smith’s Farm, Inc and land previously used for a biomass power facility owned by ReEnergy Biomass Operations, which transferred the site to the Town after the facility was decommissioned.

“The Fort Fairfield project will transform the least desirable area of the former industrial site into a clean energy producer that benefits the community while creating additional lots for the Town to lease or sell,” said Eric Partyka, Director of Business Development, Standard Solar. “The Town is showing tremendous leadership and vision in taking this step toward a more sustainable future. We are proud to partner with Acadia Energy to bring the Town and Aroostook County the benefits of local clean energy.”

“Former industrial sites are ideal for solar energy development,” said Glenn Walker of Acadia Energy. “Our partnership with Standard Solar on the Fort Fairfield project will provide a model that can be followed throughout Maine and around the U.S., showing how to successfully transition industrial sites with limited potential into a solar farm that will save money for local businesses and benefit the environment.”

“Fort Fairfield’s Town Manager, Andrea Powers, and the Town Council were instrumental in helping to appropriately site the project, while at the same time creating additional value for the Town through the preservation of several prime industrial sites for future development,” echoed Partyka and Walker.

The fixed tilt ground mount system is projected to generate 9,112 megawatt-hours in its first year of operation. Smith’s Farm will use approximately 10 percent of the power generated. The remainder will benefit other commercial and industrial organizations throughout Aroostook County.

Construction on the project is expected to begin in May, with completion targeted for the fourth quarter of this year.

About Standard Solar

Standard Solar is powering the nation’s energy transformation – channeling its project development capabilities, financial strength and technical expertise to deliver the benefits of solar, as well as solar + storage, to businesses, institutions, farms, governments, communities and utilities. Building on 18 years of sustainable growth and in-house and tax equity investment capital, Standard Solar is a national leader in the development, funding and long-term ownership and operation of commercial and community solar assets. Recognized as an established financial partner with immediate, deep resources, the company owns and operates more than 250 megawatts of solar across the United States. Standard Solar is based in Rockville, Md. Learn more at standardsolar.com, LinkedIn and Twitter: @StandardSolar.

For project acquisition and development inquiries, contact Eric Partyka, at This email address is being protected from spambots. You need JavaScript enabled to view it. and on LinkedIn.

About Acadia Energy

Acadia Energy is an NH-based developer of solar with over 20 MWs of solar in Maine under construction or in stages of development and a pipeline of over 300 MWs of solar and energy storage projects in the US. Acadia’s team has over 50 years experience working on renewable energy projects with communities, universities, and landowners. Acadia is focused on accelerating sensible renewable and energy storage projects in practical locations while creating value for landowners and project stakeholders. Learn more about Acadia Energy at acadiaenergyllc.com.

PR Contact:
Leah Wilkinson
Wilkinson + Associates for Standard Solar
703-907-0010
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