• First quarter performance consistent with full year 2022 financial framework
• Adjusted Revenue growth of 4%; growing contribution from projects outside of Russia
• Adjusted Recurring EBIT margin of 6.6%; Adjusted net profit of €72 million
• Investment supporting growth in hydrogen, floating offshore wind and biochemicals

PARIS--(BUSINESS WIRE)--Regulatory News:

Technip Energies (PARIS:TE) (the “Company”), a leading Engineering & Technology company for the energy transition, today announces its unaudited financial results for the first quarter 2022.

Arnaud Pieton, Chief Executive Officer of Technip Energies, commented:

“First quarter revenue growth and solid profitability demonstrate strong execution across the entirety of our portfolio from Project Delivery to Technology, Products and Services. This is consistent with our full year financial framework and we expect our activity outside of Russia to progressively ramp up through 2022.”

“Regarding Russia, we are committed to complying with all applicable laws and regulations, which includes current and future sanctions. Our priorities are to protect our people, and the interests of our company and shareholders. In anticipation of the escalation of the European Union sanctions, we have been working with clients, partners and suppliers within the relevant contractual frameworks to take appropriate measures in connection with our activities in Russia, including Arctic LNG 2. We expect that the balance sheet position of the project and the relevant contract protections will be sufficient to fulfil our various contractual obligations in compliance with applicable sanctions.”

“In the first quarter, we reconfigured the organization structure around four business lines focused on Technip Energies’ markets and supported by a global delivery structure dedicated to delivering projects and solutions. This will better align our operating model and commercial focus with the rapidly changing energy transition market.”

“Our energy transition strategy is supported by our flexible capital allocation. In the quarter, we announced three investments in the markets of hydrogen, floating offshore wind, and biochemicals. These expand and diversify our technology portfolio, while enabling new business model opportunities.”

“The energy landscape has become more complex in recent months with an urgent energy independence agenda, notably in Europe. Despite near-term volatility in commodity and raw material prices, the attractiveness of LNG, an inherently flexible energy source, has improved and the market opportunity is accelerating. In addition, government policy is increasingly promoting faster adoption of energy transition technologies and Technip Energies is playing a leading role in this market evolution.”

Conference call information

Technip Energies will host its Q1 2022 results conference call and webcast on Monday, April 25, 2022 at 13:00 CET. Dial-in details:

France: +33 1 70 95 03 46

United Kingdom: +44 20 7192 8338

United States: +1 646 741 31 67

Conference Code: 1977935

The event will be webcast simultaneously and can be accessed at: https://edge.media-server.com/mmc/p/fg4b68nx

Operational and financial review

Backlog, Order Intake and Backlog Scheduling

Adjusted Order Intake for Q1 2022 of €551.7 million, equivalent to a book-to-bill of 0.3. Orders in the first quarter included a significant EPCC contract by PETRONAS Chemicals Fertilizer Kedah for a new melamine plant with minimized CO₂ footprint, a FEED for Equinor’ floating offshore wind Firefly project in South Korea, as well as other studies, services contracts and smaller projects. Book-to-bill on a trailing 12 month basis is 0.6.

Adjusted backlog decreased by 12% year-over-year to €15,632.4 million, equivalent to 2.3x 2021 revenue.

Backlog excluding the proportion related to Russian projects under execution amounted to €12,220.9 million as of March 31, 2022. The table below provides estimated backlog scheduling as of March 31, 2022 for the backlog excluding the proportion relating to projects under execution in Russia.

Company Financial Performance

Business highlights

Q1 2022 Adjusted Revenue increased year-over-year by 3% to €1.3 billion. This growth was achieved despite the continuous challenges relating to the pandemic. Revenues benefited from sustained activity on Arctic LNG 2, which contributed €445.4 million of revenue in the quarter. Revenues outside of Russian projects under execution increased year-over-year by 25% due to the ramp-up of recently awarded LNG and downstream projects. This more than offset lower contributions year-over-year from maturing downstream projects in India, Asia Pacific & Africa.

Q1 2022 Adjusted Recurring EBIT increased year-over-year by 19% to €90.0 million, which includes a €22.2 million contribution from Arctic LNG 2. Adjusted Recurring EBIT margin increased by 90 basis points to 7.0% mostly due to solid execution, including a strong contribution from downstream and LNG projects in the latter stages of completion. This was partially offset by earlier stage LNG projects.

Q1 2022 Key operational milestones

Arctic LNG 2 Project (Russian Federation)

• An industry first: Installation of all GBS1 modules.

ECA LNG Phase I Project (Mexico)

• All process equipment ordered and 60% model review is done. Installation of our temporary offices have been completed. Recently the project has executed over 1 million manhours without a recordable safety incident.

bp Greater Tortue Ahmeyim FPSO (offshore Senegal / Mauritania)

• Installation of all 16 mooring piles achieved.

Energean Karish Gas Development (Israel)

• The FPSO entered dry-dock in March 2022 to be cleaned and prepared for sail-away and entry into Israeli waters.

Bapco Refinery expansion (Bahrain)

• All heavy lifts are done and the majority of equipment installed. The main substation and utilities substation are ready for energization. Pre-commissioning activities started. Marine works are ongoing and berths 1 & 3 are under pre-commissioning.

Long Son Olefins plant (Vietnam)

• Site acceptance tests for the automation system completed. 12 million manhours without LTI (lost time injury).

Q1 2022 Key commercial highlights

Awarded significant^* petrochemical contract by PETRONAS (Malaysia)

• Engineering, Procurement, Construction and Commissioning (EPCC) contract for a new melamine plant to be integrated into their existing complex in Gurun, Kedah, Malaysia. This EPCC contract follows the successful completion of the FEED by Technip Energies. The project includes a 60,000 ton per annum greenfield melamine plant, utilizing CASALE Low Energy Melamine (LEM™) technology, and associated interconnections with the existing urea plant where the CO₂ generated in the melamine production process will be recycled. This serves to minimize the CO₂ footprint of this new asset.

^*Note: A “significant” award for Technip Energies is a contract award representing between €50 million and €250 million of revenue.

Q1 2022 Adjusted Revenue increased year-over-year by 8% to €329.1 million, driven by growth in demand for engineering and Project Management and Consultancy services, and sustained Process Technology activity including licensing and proprietary equipment (notably for ethylene, and Sustainable Chemistry including PBAT, a biodegradable polymer).

Q1 2022 Adjusted Recurring EBIT increased year-over-year by 17% to €30.2 million. Adjusted Recurring EBIT margin increased year-over-year by 70 basis points to 9.2%, benefiting from higher activity levels from Project Management and Consultancy services, as well as advisory services performed by Genesis.

Q1 2022 Key operational highlights

Fast Pyrolysis Bio-oil (FPBO) project for Pyrocell AB (Sweden)

• In partnership with BTG Bioliquids, completion and start-up of pyrolysis plant to produce bio-oil from sawdust.

Unipetrol (Czech Republic)

• Delivery of Burners for New Unipetrol Project (#S2173). Combination of LSV^® & TSWB^®.

ZPC ethylene cracker (China)

• Performance tests passed on mega ethylene cracker plant based on Technip Energies’ proprietary technology and process design.

Channelview Carbon Emission Reduction - LyondellBasell’s (USA)

• Genesis to support LyondellBasell on efforts to reduce its carbon footprint at its Channelview, TX site in North America to advance a low-carbon economy – a key milestone for the company.

Q1 2022 Key commercial highlights

Equinor Firefly Floating Offshore Wind (South Korea)

• Award of FEED contract covering engineering of the floating wind turbine substructures for the proposed 800MW offshore wind farm. The design of the substructures will include Technip Energies’ in-house floater technology INO15™.

Future Energies Australia Renewable Diesel Project (Australia)

• FEED contract for customer’s first biorefinery project in Western Australia. Plant to convert sustainably sourced woody biomass into renewable diesel using high temperature pyrolysis.

PETRONAS Kasawari CCS project (Malaysia)

• Award of FEED contract for one of the world’s largest CCS projects, with partner NPCC.

Northern Endurance Partnership offshore (UK)

• Award of FEED contract to Genesis. Scope consists of >250km of subsea pipeline, two landfalls, and a subsea injection system connected to six wells.

Participation in record €200 million investment in green hydrogen pioneer Hy2gen AG

• Hy2gen AG, the green hydrogen investment platform, will use the capital raised for the construction of facilities in several geographies including Europe, producing green hydrogen-based fuels – or “e-fuels” – for maritime and ground transport, aviation and industrial applications. The investment is led by Hy24 together with Mirova, CDPQ and strategic investor Technip Energies.

Investment in Floating Offshore Wind Company X1 Wind

• Technip Energies, as lead investor in this funding round, has acquired a 16.3% stake in X1 Wind, a renewable energy startup that has designed an innovative and disruptive offshore wind turbine floater with major environmental and operational benefits.

Asset Purchase Agreement with Iowa Corn Promotion Board (ICPB)

• Asset Purchase Agreement under which Technip Energies acquires ICPB’s patents, technology, and rights for the process technology to produce monoethylene glycol (MEG) from surplus corn plant-based feedstocks. Corn-based MEG is used to produce renewable plastics. Technip Energies will advance the technology development, construct and operate a pilot plant to commercialize the technology and make it available for licensing.

Corporate and Other items

Corporate costs, excluding non-recurring items, were €12.8 million. This included a negative foreign exchange impact of €4.6 million. This compare with Corporate costs of €10.4 million in the prior year period.

Non-recurring expense for the first quarter 2022 amounted to a benefit of €3.5 million mainly related to waved risks after the end of a warranty period on discontinued activities.

Net financial expense was €5.0 million, impacted by the mark-to-market valuation of investments in traded securities and, to a lesser extent, interest expenses associated with the senior unsecured notes, partially offset by interest incomes from cash on deposit.

Effective tax rate on an Adjusted IFRS basis was 28.9% for the first quarter 2022, in line with the financial framework provided for full year 2022.

Depreciation and amortization expense was €25.0 million, of which €16.2 million is related to IFRS16.

Adjusted net cash at March 31, 2022 was €3.3 billion, which compares to Adjusted net cash at December 31, 2021 of €3.1 billion.

Adjusted Operating cash flow of €194.1 million, benefited from strong operational performance and working capital inflows associated with new project advances and milestone payments. With capital expenditure, net, of €8.8 million, free cash flow was €185.3 million for the first quarter of 2022. Free cash flow excluding working capital variance was €99.2 million.

Liquidity and credit rating information

Adjusted liquidity of €4.6 billion at March 31, 2022 comprised of €3.9 billion of cash and €750 million of liquidity provided by the Company’s undrawn revolving credit facility, which is available for general use and serves as a backstop for the Company’s commercial paper program, offset by €30 million of outstanding commercial paper.

Technip Energies was downgraded to ‘BBB-’ investment grade rating, Outlook Stable & A-3 short-term rating affirmed as per S&P Global Research Update on March 11, 2022, based S&P’s assessement of the likely loss of Arctic LNG 2 from backlog.

Shareholder update

On January 11, 2022, Technip Energies announced it has agreed to acquire 1.8 million of its own ordinary shares from TechnipFMC plc. The Company’s agreement to purchase these shares is part of TechnipFMC’s announced sell-down of its stake in the Company through a private sale transaction which also included Bpifrance Participations SA and HAL Investments B.V., the Dutch investment subsidiary of HAL Holding N.V., each agreeing to purchase 3.6 million of the Company’s ordinary shares. Settlement for the sale took place on January 14, 2022.

Upon completion of the sale, TechnipFMC’s stake in the Company was reduced to approximately 7%. Prior to the end of the first quarter, TechnipFMC disclosed that its ownership stake in Technip Energies had been reduced to below 3%.

On March 22, 2022, Technip Energies announced the launch of a share buy-back program of up to €29,850,000 to be executed until December 31, 2022. The Company intends to carry out the buy-back program, and hold the shares bought back as treasury stock, for the purpose of meeting the Company’s obligations under equity incentive plans.

Disclaimer

This Press Release is intended for informational purposes only for the shareholders of Technip Energies. This Press Release contains information within the meaning of Article 7(1) of the EU Market Abuse Regulation. This Press Release is not intended for distribution in jurisdictions that require prior regulatory review and authorization to distribute a Press Release of this nature.

Forward-looking statements

This Press Release contains “forward-looking statements” as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements usually relate to future events and anticipated revenues, earnings, cash flows or other aspects of Technip Energies’ operations or operating results. Forward-looking statements are often identified by the words “believe”, “expect”, “anticipate”, “plan”, “intend”, “foresee”, “should”, “would”, “could”, “may”, “estimate”, “outlook”, and similar expressions, including the negative thereof. The absence of these words, however, does not mean that the statements are not forward-looking. These forward-looking statements are based on Technip Energies’ current expectations, beliefs and assumptions concerning future developments and business conditions and their potential effect on Technip Energies. While Technip Energies believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting Technip Energies will be those that Technip Energies anticipates.

All of Technip Energies’ forward-looking statements involve risks and uncertainties (some of which are significant or beyond Technip Energies’ control, such as Russia’s invasion of Ukraine, the associated sanctions and the impact these will have on our and/or our customers' activities conducted in or related to Russia) and assumptions that could cause actual results to differ materially from Technip Energies’ historical experience and Technip Energies’ present expectations or projections. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those set forth in the forward-looking statements.

For information regarding known material factors that could cause actual results to differ from projected results, please see Technip Energies’ risk factors set forth in Technip Energies’ filings with the U.S. Securities and Exchange Commission, including its 2021 Form 20-F filed on March 25, 2022.

Forward-looking statements involve inherent risks and uncertainties and speak only as of the date they are made. Technip Energies undertakes no duty to and will not necessarily update any of the forward-looking statements in light of new information or future events, except to the extent required by applicable law.

APPENDIX

Investor Relations
Phillip Lindsay
Vice President, Investor Relations
Tel: +44 20 7585 5051
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Media Relations
Stella Fumey
Director Press Relations & Digital Communications
Tel: +33 1 85 67 40 95
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DUBLIN--(BUSINESS WIRE)--The "Electric Motor Market by Motor Type, Output Power and Application: Global Opportunity Analysis and Industry Forecast, 2021-2030" report has been added to ResearchAndMarkets.com's offering.

The global electric motor market size was valued at $106.3 billion in 2020, and is expected to reach $207.3 billion by 2030, with a CAGR of 6.7% from 2021 to 2030.

Electric motor is compact in size, and converts electrical energy into mechanical energy. Electric motor is used in various applications such as fans, electric shavers, electric toothbrushes, robots, electric pumps, and windshield scrubber. Micromotor find applications in industries such as automotive, robotics, pharmaceutical, and healthcare. It is small in size, lightweight, and has high torque.

The features of electric motor such as high efficiency, high torque, durability, outstanding controllability, and reliability boost its adoption in many industrial applications. Increase in demand for electric motor from electric vehicles, robotics technology, and HVAC applications are some of the key factors that fuel the market growth.

Electric motor is assembled in compressors, pumps, automotive, machine tools, lathe machines, disk drives, power tools, domestic appliances, and electric cars. Despite their high cost, these highly efficient motors are preferred over standard motors due to varied benefits such as longer operating life, low energy consumption, low maintenance, and high tolerance to voltage fluctuations. The need for improved productivity and low power consumption by the applications of electric motor is expected to increase the demand for high-efficiency motor.

However, slow-down in the automotive industry and high initial capital investment are expected to restraint the growth of the electric motor market. Furthermore, rise in demand for electric motor from robotics and automated robot technologies is anticipated to provide lucrative opportunities for growth of the electric motor market.

The global electric motor market is segmented into motor type, output power, application, and region. On the basis of motor type, the market is divided into alternate current (AC) motor and direct current (DC) motor. Depending on output power, the market is divided into integral horsepower (IHP) output and fractional horsepower (FHP) output. By application, the market is divided into automotive, HVAC, medical equipment, industrial machinery, home appliances, and others.

Region wise the global motor market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). In 2020, Asia-Pacific was the highest contributor to the global electric motor market share, and is anticipated to secure a leading position during the forecast period.

Key Benefits

• The report provides an extensive analysis of the current trends and future estimations.
• Extensive analysis of global electric motor market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
• A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
• The global electric motor market forecast analysis from 2021 to 2030 is included in the report.
• The key market players within the global electric motor market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the global electric motor market

Market Dynamics

Drivers

• Increase in demand for energy-efficient electric motors
• Rise in awareness about electric and green vehicles among customers

Restraints

• High initial cost and maintenance of electric motors

Opportunity

• Improvement in design methods to reduce carbon emissions

Market Segments

By Motor Type

• Alternate Current (AC) Motor
• Direct Current (DC) Motor

By Output Power

• Integral Horsepower (IHP) Output
• Fractional Horsepower (FHP) Output

By Application

• Automotive
• HVAC
• Medical Equipment
• Industrial Machinery
• Home Appliance
• Other

By Region

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• France
• UK
• Italy
• Rest of Europe
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Rest of Asia-Pacific
• LAMEA
• Latin America
• Middle East
• Africa

Key Players

• ABB
• ARC Systems Inc.
• Denso Corporation
• Emerson Electric Co.
• Johnson Electric Holdings Limited
• Maxon
• Nidec Corporation
• Regal Rexnord Corporation
• Rockwell Automation, Inc.
• Siemens

For more information about this report visit https://www.researchandmarkets.com/r/ughr4s

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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• ‘Unlocking Net Zero’ whitepaper from the Bright Initiative released to start campaign following Earth Day
• Warns the full potential of data in the climate fight will only be unlocked by world governments, civil society, and businesses working together
• Urges more recognition and exploration of the value and availability of public web data

LONDON--(BUSINESS WIRE)--The power of diverse data can help us avoid climate catastrophe, says a new report – but only if governments, civil society, researchers and businesses build trust and work together.

Released by The Bright Initiative, a pro bono organisation, powered by Bright Data, the leading web data platform, ‘Unlocking Net Zero : How data can power our fight against climate change’ combines original insights, ideas and inspirational examples from around the world.

The report makes five key recommendations for how global society can better harness data - including unstructured public web data - to help safeguard our future planet;

• Giving environmental researchers access to the widest possible range and scale of datasets - achieved through governments, public agencies and industry operating in ever more transparent ways.
• Boosting data infrastructure by growing markets of data-intermediaries, development of central data repositories and strengthening and expanding open data sets.
• Building a culture of collaboration and mutual trust when it comes to data - starting with embedding understanding of data into the core education system.
• Greater public and private investment in data-driven innovation, backed up by supportive government policy.
• Building global data skills and literacy, allowing citizens to appreciate the value of personal data and feel empowered in taking control of how it is used.

The Bright Initiative is a global programme and organisation that uses public Web data to drive positive societal change.

The white paper draws upon research recently conducted with 250 business leaders in the US and UK on their attitudes towards data and the environment. It examines how policymakers are realising data’s role in the climate fight through the UK’s National Data Strategy, and explores a growing focus on data among green start-ups.

Subak is an accelerator for climate not-for-profits and a data cooperative, and features as a case study in the new paper. It is scaling climate impact through a mix of data, policy and behaviour change. New AutoMotive, which is backed by Subak, is a green motoring consultancy supporting the switch to electric vehicles in the UK. They harness diverse datasets to help infrastructure providers and the government to support demand and ensure no community is left behind in the transition to EVs.

Another Subak-supported initiative, Open Climate Fix, is working with the European Space Agency and others to investigate how Machine Learning and satellite data can be brought together to improve forecasts of photovoltaic (PV) power generation. This will help reduce reliance on fossil-fuel generated power reserves.

The report also draws on inspirational examples to show what is possible with data; for example, work being done by the Rainforest Connection, a US not-for-profit that collects sound data from rainforests and uses predictive AI-based modelling to disrupt illegal logging before it starts.

But despite some increasingly innovative uses of data in today’s battle against climate change, the paper warns that its full potential and world-shaping power will only be fully unlocked by the collective efforts of world governments, civil society and business.

Key to this is greater investment in building and enhancing data infrastructure. This could include support to grow markets of data-intermediaries, development of central data repositories, and strengthening and expanding banks of open data sets.

Or Lenchner, CEO, Bright Data, and founder of the Bright Initiative, said: “To have a shot at fighting the climate crisis, we have to move faster, think bigger, and work together, utilising data as an extremely powerful resource.

“But despite the internet being the richest and the largest source of information the world has ever known, more needs to be done to build recognition of the value and availability of public web data, especially in countries like the UK.

“We have seen firsthand from our work with thousands of worldwide customers in multiple industries just how powerful the insights drawn from public web data can be. There is a huge amount to be gained by using it in the fight against climate change.”

Amali de Alwis, CEO, Subak, said: “It is more urgent than ever to equip ourselves, our organisations, and policymakers with the best data and knowledge available to make critical decisions for our planet. We need to drastically transform our approach to data management towards an intrinsically collaborative approach, with an unrelenting North Star of climate action.”

‘Unlocking Net Zero : How data can power our fight against climate change’ is available for download via https://drive.google.com/file/d/1j1_lUZhmk5FRy5PwBjjTdpxWgDxP9d6J/view?usp=sharing

The report marks the start of a major Bright Initiative campaign to highlight the importance of data in tackling the climate emergency. The campaign will see videos and blogs that showcase a wide range of data-driven environmental initiatives published on the Bright Initiative website and social media channels throughout the course of this week.

ENDS

Notes to editors:

About the Bright Initiative
The Bright Initiative was established as a place to make a real impact on our people’s lives. We offer our innovative, data-driven technology and products, know-how, vast expertise, and finely attuned support, aimed at quite literally improving the world as we know it. We focus on three areas:

• Public Well-being & Environmental Protection: Supporting social justice initiatives & saving lives & driving forward environmental protection campaigns.
• Academia: Driving critical research forward, encoding much needed data skillset, and developing the next generation of data professionals
• Promotion of Internet Transparency: Championing programmes and initiatives that promote responsible digital conduct and ethical use

To read more about the Bright Initiative, click here

About Bright Data
Bright Data is the industry-leading web data platform. Fortune 500 companies, academic institutions, and small businesses rely on Bright Data’s solutions to retrieve public web data in the most efficient, reliable, and flexible way so they can research, monitor, train their systems and analyze data to run better strategies and inform decision-making.

About Subak
Baroness Bryony Worthington was inspired to launch Subak after reading about the co-operative water management system developed for Indonesian rice fields in the 9th Century in Roland Kupers’ book ‘A Climate Policy Revolution’. The system allowed for the sharing of critical resources to ensure the survival and growth of the community. Baroness Worthington saw the potential for organisations to collaborate and share data, infrastructure and skills to speed progress.

Subak selects, funds and scales not-for-profit organisations that are tackling climate change through data, policy and behaviour change. The community will allow Subak members, fellows and other organisations to develop stronger environmental insights and opportunities to measure climate impact. Subak seeded £250k and its founding members have already raised over £8.5m in funding, while delivering remarkable data-driven achievements. Individual Subak fellows can receive a £10k grant with an idea for an innovative, data-driven climate project. Fellows receive selected access to Subak support and learning resources. Subak is based at County Hall on the banks of the Thames alongside a growing hub of sustainable tech startups.

To read more about Subak, click here.

Mark Fuller
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07498 560 288

Keren Pakes
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Debt Financing Secured from Leading Investors Globally Validates Strength of Fjord1 Business Proposition

Expects to Launch Buyback Offer to Existing Bondholders

OSLO, Norway--(BUSINESS WIRE)--Fjord1 AS (“Fjord1” or the “Company”), the largest ferry and high-speed passenger boat operator in Norway, today announced that it has completed a NOK 6,5 billion debt refinancing. Proceeds will be used to repay the Company’s existing loan facilities including the outstanding bond (ticker FJORD01 and ISIN NO0010810302) and all additional outstanding interest and principal through the maturity date of November 22, 2022. In connection with the completion of the refinancing, Fjord1 expects to launch a buyback offer to its existing bondholders.

Dagfinn Neteland, Chief Executive Officer of Fjord1, said, “We are proud of the confidence our lenders have placed in Fjord1 as we seek to continue providing the safest, most reliable, and environmentally sustainable ferry operations in Norway. As a result of the support of our investors, we have successfully upgraded nearly half of our fleet to hybrid-electric vessels powered by battery technology, and this refinancing ensures we remain well positioned to continue electrifying our fleet to meet the demand for sustainable transportation. The completion of this transaction is emblematic of Fjord1’s resilience in the eyes of the institutional investors, our passengers, and the market at large.”

Pareto Securities AS and Wikborg Rein Advokatfirma AS served as financial advisor and legal advisor, respectively, to Fjord1 in connection with the refinancing.

Fjord1 is owned by Vision Ridge Partners, an alternative asset manager focused on sustainable real assets, and Havila Holding, an investment company owned by the Sævik family in Norway, which together, successfully privatized the Company in August 2021.

About Fjord1
Fjord1 aims to be the safest and most attractive provider of environmentally friendly and reliable transport for customers, clients and partners. Fjord1 is a leading player in the Norwegian ferry market, with close to 80 ferries. The company also operates passenger boat services and has interests in the catering and tourism industries. More information at https://www.fjord1.no/

Amanda Shpiner/Sara Widmann
Gasthalter & Co.
212-257-4170

NEW YORK--(BUSINESS WIRE)--Golar LNG Partners LP, an indirect subsidiary of New Fortress Energy Inc. (NASDAQ: NFE), has declared a cash distribution of $0.546875 per unit of 8.75% Series A Cumulative Redeemable Preferred Units for the period from February 15, 2022 through May 15, 2022. This will be payable on May 16, 2022 to all Series A preferred unitholders of record as of May 9, 2022.

About New Fortress Energy Inc.

New Fortress Energy Inc. (NASDAQ: NFE) is a global energy infrastructure company founded to address energy poverty and accelerate the world’s transition to reliable, affordable, and clean energy. The company owns and operates natural gas and liquefied natural gas (LNG) infrastructure and an integrated fleet of ships and logistics assets to rapidly deliver turnkey energy solutions to global markets. Collectively, the company’s assets and operations reinforce global energy security, enable economic growth, enhance environmental stewardship and transform local industries and communities around the world.

IR:
Brett Magill
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Media:
Jake Suski
(516) 268-7403
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The resulting acquisition is set to be named as The Power Systems Division of Capital Telecom Services

ASHBURN, Va.--(BUSINESS WIRE)--#5G--Capital Telecom Services (“CTS”), a full-service telecom infrastructure, engineering, and construction company, announces it has acquired ElectraComm Services, Inc., a comprehensive electrical services company headquartered in Chambersburg, PA. As a result of the acquisition, ElectraComm’s group will be rebranded as The Power Systems division of Capital Telecom Services.

By way of background, for 17 years, ElectraComm has provided successful turn-key commercial electrical services offering full-service electrical contractor services for civil, UPS, carrier switches, cell tower site repairs, installations, power plants, EV stations and alternative energy solutions and maintenance. Major customers supported by ElectraComm include carriers, commercial real estate, and other Fortune 500 companies. With this acquisition, Capital Telecom Services and the new Power Systems division, will expand its capabilities to include additional EV Station solutions, smart power technology, smart city, solar and other alternative energy solutions.

Kevin Turrisi, CEO and founder of Capital Telecom Services enthusiastically commented, “ElectraComm’s full civil services, tower site, EV station and alternative energy solutions greatly complement Capital Telecom Services’ existing tower, cabling and wireless infrastructure services, which our customers highly value. Our new CTS Power Systems division will provide tremendous value to our new and existing clients.”

Glenn King, Vice President and founder of ElectraComm Services, Inc., and a twenty-six year Master Electrician will be among the leadership team of the new Power Systems Division of Capital Telecom Services. Glenn’s excitement behind this move is evident when he said, “Capital Telecom Services is a rapidly growing company with tremendous upside. They have great people and a winning culture. I’m excited to now be part of the Capital Telecom Services family and help it grow.”

Most recently, Capital Telecom Services announced the addition of Steve Yapsuga as partner and Chief Operating Officer. The company is one of Inc. 5000’s Fastest Growing Private Companies in America for the past two years, and offers professional engineering and construction services to large wireless providers, wireless support organizations, general contractors, and enterprises worldwide.

To learn more about CTS visit: capitaltelecomusa.com.

About Capital Telecom Services

Capital Telecom Services, LLC (CTS) is a full services telecommunications, engineering and construction company delivering professional engineering and construction services to large wireless providers, wireless support organizations, general contractors and large enterprises worldwide. CTS successfully executes and delivers wireless projects from conception to completion for the most demanding large in-building wireless projects nationally and globally. To learn more, visit: capitaltelecomusa.com.

Ilissa Miller
iMiller Public Relations
Tel: 1.914.315.6424
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) will announce its earnings for the First Quarter ended March 31, 2022 on May 4, 2022, before the market opens.

Genesis Energy, L.P.’s First Quarter Earnings Conference Call will be held Wednesday, May 4, 2022, at 9:00 a.m. Central time (10:00 a.m. Eastern time). This call can be accessed at www.genesisenergy.com. Choose the Investor Relations button. For those unable to attend the live broadcast, a replay will be available beginning approximately one hour after the event.

Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas. Genesis’ operations include offshore pipeline transportation, sodium minerals and sulfur services, marine transportation and onshore facilities and transportation. Genesis’ operations are primarily located in the Gulf Coast region of the United States, Wyoming and the Gulf of Mexico.

Genesis Energy, L.P.
Dwayne Morley
Vice President – Investor Relations
(713) 860-2536

LOS ANGELES, Calif.--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq: MPAA) today announced its wholly owned subsidiary D&V Electronics has received an order for an electric motor emulator from one of China’s largest automotive companies, a critical component of a Power Hardware-In-the-Loop (p-HIL) test system to validate the performance and design of drivetrain components. Terms were not disclosed.

The p-HIL test system to be utilized by this Chinese automotive customer is comprised of D&V’s emulator, Opal-RT Technologies’ advanced motor models and NI’s (Nasdaq: NATI) real-time system.

“This order continues a series of global wins for our D&V subsidiary and its cutting-edge EV technology. We look forward to future opportunities to expand partnerships and work with global electric mobility leaders,” said Selwyn Joffe, chairman, president and chief executive officer.

“We continue to make significant strides in the integration of our innovative emulator technology with real-time simulation and modeling capabilities, offering the most advanced, green and flexible test solutions for companies leading the electrification movement,” said Bill Hardy chief executive of D&V Electronics.

ABOUT D&V ELECTRONICS

Founded in 1997 and acquired by Motorcar Parts of America in 2017, the electrical vehicle subsidiary, with customers in more than 90 countries, designs and manufactures testing solutions for performance, endurance, and production of multiple components in the electric power train – providing simulation, emulation, and production applications for the electrification of both automotive and aerospace industries, including electric vehicle charging systems. Additional information is available at www.dvelectronics.com.

About Motorcar Parts of America, Inc.

Motorcar Parts of America, Inc. is a remanufacturer, manufacturer, and distributor of automotive aftermarket parts -- including alternators, starters, wheel bearings and hub assemblies, brake calipers, brake master cylinders, brake power boosters, turbochargers, and diagnostic testing equipment utilized in imported and domestic passenger vehicles, light trucks, and heavy-duty applications. Its products are sold to automotive retail outlets and the professional repair market throughout the United States, Canada, and Mexico, with facilities located in California, New York, Mexico, Malaysia, China and India, and administrative offices located in California, Tennessee, Mexico, Singapore, Malaysia, and Canada. In addition, the company’s electrical vehicle subsidiary designs and manufactures testing solutions for performance, endurance, and production of multiple components in the electric power train – providing simulation, emulation, and production applications for the electrification of both automotive and aerospace industries, including electric vehicle charging systems. Additional information is available at www.motorcarparts.com.

The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for certain forward-looking statements. The statements contained in this press release that are not historical facts are forward-looking statements based on the company’s current expectations and beliefs concerning future developments and their potential effects on the company. These forward-looking statements involve significant risks and uncertainties (some of which are beyond the control of the company) and are subject to change based upon various factors. Reference is also made to the Risk Factors set forth in the company’s Form 10-K Annual Report filed with the Securities and Exchange Commission (SEC) in June 2021 and in its Forms 10-Q filed with the SEC for additional risks and uncertainties facing the company. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as the result of new information, future events or otherwise.

Gary S. Maier
(310) 972-5124

VANCOUVER, British Columbia--(BUSINESS WIRE)--$LPEN #cleantech--Loop Energy™ (TSX: LPEN) announces it plans to report consolidated financial results for the first quarter of 2022 after market close on Wednesday, May 4, 2022. Loop will host a conference call on Thursday, May 5 at 8:00 a.m. PDT (11:00 a.m. EDT) to discuss the company’s financial results for the first quarter of 2022.

Please dial-in by phone 5-10 minutes prior to the start time and ask to join the Loop Energy call:

• Toll Free Dial-In Number: +1 (844) 931-4996
• International Dial-In Number: +1 (639) 380-0062
• Conference ID: 3025637

After the call, a recording of the conference call will be available at investors.loopenergy.com. The company’s past financial results are also available at investors.loopenergy.com.

About Loop Energy Inc.
Loop Energy is a leading designer and manufacturer of fuel cell systems targeted for the electrification of commercial vehicles, including light commercial vehicles, transit buses and medium and heavy-duty trucks. Loop’s products feature the Company’s proprietary eFlow™ technology in the fuel cell stack’s bipolar plates. eFlow™ is designed to enable commercial customers to achieve performance maximization and cost minimization. Loop works with OEMs and major vehicle sub-system suppliers to enable the production of hydrogen fuel cell electric vehicles. For more information about how Loop is driving towards a zero-emissions future, visit www.loopenergy.com.

Investor Inquiries:
Bill Zhang | Tel: +1 604.222.3400 Ext. 299 | This email address is being protected from spambots. You need JavaScript enabled to view it.
Laine Yonker | Tel: +1 646.653.7035 | This email address is being protected from spambots. You need JavaScript enabled to view it.

Media Inquiries:
Lucas Schmidt | Tel: +1.604.222.3400 Ext. 603 | This email address is being protected from spambots. You need JavaScript enabled to view it.

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) announced it will release financial results for its first quarter of fiscal year 2022 on Thursday, April 28, 2022. The company is combining prepared remarks, earnings release and webcast slides into a new Investor Letter, which will be issued at approximately 4:30 p.m. Eastern Time (ET) and made available on L3Harris.com.

The following morning, April 29, 2022, company leadership will host a call at 8:30 a.m. ET. The call will last approximately 45 minutes and be focused on questions and answers.

The dial-in numbers for the teleconference are (U.S.) 877-407-6184 and (International) 201-389-0877, and participants will be directed to an operator. Please allow at least 10 minutes before the scheduled start time to connect to the teleconference. Participants can also listen via webcast at L3Harris.com. A recording of the call will be available on L3Harris.com beginning at approximately 12 p.m. ET on April 29.

About L3Harris Technologies

L3Harris Technologies is an agile global aerospace and defense technology innovator, delivering end-to-end solutions that meet customers’ mission-critical needs. The company provides advanced defense and commercial technologies across space, air, land, sea and cyber domains. L3Harris has approximately $17 billion in annual revenue and 47,000 employees, with customers in more than 100 countries. L3Harris.com.

Rajeev Lalwani
Investor Relations
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321-727-9383

Jim Burke
Media Relations
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321-727-9131

DALLAS--(BUSINESS WIRE)--HF Sinclair Corporation (NYSE: DINO) (the “Company” or “HF Sinclair”) and HollyFrontier Corporation (“HFC”) announced today the expiration and final results of its previously announced (i) offers to exchange (collectively, the “Exchange Offers”) any and all outstanding HFC Notes (as defined below) issued by HFC for new notes to be issued by the Company (the “New Notes”) and cash and (ii) related consent solicitations (collectively, the “Consent Solicitations”) to adopt the Proposed Amendments (as defined below) to the indenture governing the HFC Notes (as supplemented for each particular series of existing HFC Notes, the “HFC Indenture”), commenced by the Company on March 24, 2022. The Exchange Offers and Consent Solicitations expired at 5:00 p.m., New York City time, on April 22, 2022 (the “Expiration Date”). The below table reflects the aggregate principal amounts of each respective series of HFC Notes that had been validly tendered and not validly withdrawn as of the Expiration Date:

For each $1,000 principal amount of HFC Notes validly tendered and not validly withdrawn prior to the Expiration Date, Eligible Holders (as defined below) of HFC Notes are eligible to receive $1,000 principal amount of such series of New Notes plus a payment of $1.00 in cash.

As previously announced on April 7, 2022, as of 5:00 p.m., New York City time, on April 6, 2022, the requisite number of consents were received to adopt the Proposed Amendments with respect to each outstanding series of HFC Notes. As previously announced on April 8, 2022, HFC executed a supplemental indenture to the HFC Indenture (the “HFC Amending Supplemental Indenture”) to, among other things, eliminate from the HFC Indenture as it relates to each series of HFC Notes (i) substantially all of the restrictive covenants, (ii) certain of the events which may lead to an “Event of Default”, (iii) the U.S. Securities and Exchange Commission (the “SEC”) reporting covenant and (iv) with respect to the 2023 Notes and 2030 Notes only, the offer to purchase the 2023 Notes and 2030 Notes upon certain change of control triggering events (collectively, the “Proposed Amendments”). The HFC Amending Supplemental Indenture will become operative only upon the Settlement Date (as defined below).

The Exchange Offers and Consent Solicitations were made pursuant to the terms and subject to the conditions set forth in the confidential offering memorandum and consent solicitation statement dated March 24, 2022 (the “Exchange Offer Memorandum”), as amended by the press release dated April 7, 2022, in a private offering exempt from, or not subject to, registration under the Securities Act of 1933, as amended (the “Securities Act”). The settlement date (the “Settlement Date”) of the Exchange Offers and Consent Solicitations is expected to occur on April 27, 2022. Each series of New Notes will have the same interest rate (including interest rate adjustment provisions, as applicable), interest payment dates, maturity date and redemption terms as the corresponding series of HFC Notes. The first interest payment on any New Notes will include the accrued and unpaid interest on the HFC Notes tendered in exchange therefor so that a tendering Eligible Holder will receive the same interest payment it would have received had its HFC Notes not been tendered in the Exchange Offers and Consent Solicitations; provided that the amount of accrued and unpaid interest shall only be equal to the accrued and unpaid interest on the principal amount of HFC Notes equal to the aggregate principal amount of New Notes an Eligible Holder receives. For the avoidance of doubt, to the extent an interest payment date for a series of HFC Notes occurs prior to the Settlement Date, holders who validly tendered and did not validly withdraw HFC Notes in the Exchange Offers and Consent Solicitations will receive accrued and unpaid interest on such interest payment date as required by the terms of the applicable HFC Indenture.

This press release does not constitute an offer to sell or purchase, or a solicitation of an offer to sell or purchase, or the solicitation of tenders or consents with respect to, any security. No offer, solicitation, purchase or sale will be made in any jurisdiction in which such an offer, solicitation or sale would be unlawful.

The New Notes offered in the Exchange Offers have not been and will not be registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements or the securities laws of any other jurisdiction. Accordingly, the New Notes will be offered for exchange only (1) to qualified institutional buyers as defined in Rule 144A under the Securities Act in reliance on the exemption provided by Section 4(a)(2) of the Securities Act and (2) outside the United States to persons other than U.S. persons (as defined in Rule 902 under the Securities Act) in reliance upon Regulation S under the Securities Act. The holders of HFC Notes who have certified to the Company and HFC that they are eligible to participate in the Exchange Offers pursuant to at least one of the foregoing conditions are referred to as “Eligible Holders.” Only Eligible Holders who have completed and returned an eligibility letter, available from the information agent, are authorized to receive or review the Exchange Offer Memorandum or to participate in the Exchange Offers. The Company will also enter into a registration rights agreement with the dealer managers, for the benefit of the holders of the New Notes.

Documents relating to the Exchange Offers and Consent Solicitations were only distributed to Eligible Holders of HFC Notes who completed and returned an eligibility form confirming that they are either a “qualified institutional buyer” under Rule 144A or not a “U.S. person” and outside the United States under Regulation S for purposes of applicable securities laws. The complete terms and conditions of the Exchange Offers and Consent Solicitations are described in the Exchange Offer Memorandum.

The Exchange Offers are not being made to holders of HFC Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. The New Notes have not been approved or disapproved by any regulatory authority, nor has any such authority passed upon the accuracy or adequacy of the Exchange Offer Memorandum.

D.F. King & Co., Inc. was the information and exchange agent in connection with the Exchange Offers and Consent Solicitations and can be contacted at (800) 290-6428 (toll-free) or (212) 269-5550 (banks and brokers), or by email at This email address is being protected from spambots. You need JavaScript enabled to view it.

ABOUT HF SINCLAIR CORPORATION AND HOLLYFRONTIER CORPORATION

HF Sinclair, headquartered in Dallas, Texas, is an independent energy company that produces and markets high value light products such as gasoline, diesel fuel, jet fuel, renewable diesel and other specialty products. HF Sinclair owns and operates refineries located in Kansas, Oklahoma, New Mexico, Wyoming, Washington and Utah and markets its refined products principally in the Southwest U.S., the Rocky Mountains extending into the Pacific Northwest and in other neighboring Plains states. HF Sinclair supplies high-quality fuels to more than 1,300 Sinclair branded stations and licenses the use of the Sinclair brand at more than 300 additional locations throughout the country. In addition, subsidiaries of HF Sinclair produce and market base oils and other specialized lubricants in the U.S., Canada and the Netherlands, and export products to more than 80 countries. Through its subsidiaries, HF Sinclair produces renewable diesel at two of its facilities in Wyoming. HF Sinclair also owns a 47% limited partner interest and a non-economic general partner interest in Holly Energy Partners, L.P. (“HEP”), a master limited partnership that provides petroleum product and crude oil transportation, terminalling, storage and throughput services to the petroleum industry, including HF Sinclair subsidiaries.

HFC is a wholly owned subsidiary of HF Sinclair and an independent petroleum refiner and marketer that produces high-value light products such as gasoline, diesel fuel, jet fuel, specialty lubricant products and specialty and modified asphalt. HFC owns and operates refineries located in Kansas, Oklahoma, New Mexico, Washington, Wyoming and Utah and markets its refined products principally in the Mid-Continent and Southwest United States, the Rocky Mountains extending into the Pacific Northwest and in other neighboring Plains states. In addition, HFC produces base oils and other specialized lubricants in the United States, Canada and the Netherlands, and exports products to more than 80 countries.

Forward-Looking Statements:

The following is a “safe harbor” statement under the Private Securities Litigation Reform Act of 1995: The statements in this press release relating to matters that are not historical facts are “forward-looking statements” based on management’s beliefs and assumptions using currently available information and expectations as of the date hereof, are not guarantees of future performance and involve certain risks and uncertainties, including those contained in our filings with the SEC. Forward-looking statements use words such as “anticipate,” “project,” “will,” “expect,” “plan,” “goal,” “forecast,” “strategy,” “intend,” “should,” “would,” “could,” “believe,” “may,” and similar expressions and statements regarding our plans and objectives for future operations. Although we believe that the expectations reflected in these forward-looking statements are reasonable, we cannot assure you that our expectations will prove correct. Therefore, actual outcomes and results could materially differ from what is expressed, implied or forecast in such statements. Any differences could be caused by a number of factors, including, but not limited to, HF Sinclair’s and HEP’s ability to successfully integrate the Sinclair Oil Corporation and Sinclair Transportation Company businesses acquired from REH Company (formerly known as The Sinclair Companies, referred to herein as “Sinclair”) (collectively, the “Sinclair Transactions”) with their existing operations and fully realize the expected synergies of the Sinclair Transactions or on the expected timeline; risks relating to the value of HF Sinclair common stock and the value of HEP’s limited partner common units from sales by the Sinclair holders following the closing of the Sinclair Transactions; HF Sinclair’s ability to successfully integrate the operation of the Puget Sound refinery with its existing operations; the demand for and supply of crude oil and refined products, including uncertainty regarding the effects of the continuing coronavirus (“COVID-19”) pandemic on future demand and increasing societal expectations that companies address climate change; risks and uncertainties with respect to the actions of actual or potential competitive suppliers and transporters of refined petroleum products or lubricant and specialty products in HF Sinclair’s markets; the spread between market prices for refined products and market prices for crude oil; the possibility of constraints on the transportation of refined products or lubricant and specialty products; the possibility of inefficiencies, curtailments or shutdowns in refinery operations or pipelines, whether due to infection in the workforce or in response to reductions in demand; the effects of current and/or future governmental and environmental regulations and policies, including the effects of current and/or future restrictions on various commercial and economic activities in response to the COVID-19 pandemic; the availability and cost of financing to HF Sinclair; the effectiveness of HF Sinclair’s capital investments and marketing strategies; HF Sinclair’s and HEP’s efficiency in carrying out and consummating construction projects, including HF Sinclair’s ability to complete announced capital projects, such as the construction of the Artesia renewable diesel unit, on time and within capital guidance; HF Sinclair’s and HEP’s ability to timely obtain or maintain permits, including those necessary for operations or capital projects; the ability of HF Sinclair to acquire refined or lubricant product operations or pipeline and terminal operations on acceptable terms and to integrate any existing or future acquired operations; the possibility of terrorist or cyberattacks and the consequences of any such attacks; uncertainty regarding the effects and duration of global hostilities and any associated military campaigns which may disrupt crude oil supplies and markets for our refined products and create instability in the financial markets that could restrict our ability to raise capital; general economic conditions, including uncertainty regarding the timing, pace and extent of an economic recovery in the United States; a prolonged economic slowdown due to the COVID-19 pandemic which could result in an impairment of goodwill and/or long-lived asset impairments; the outcome of the Exchange Offers and Consent Solicitations; and other financial, operational and legal risks and uncertainties detailed from time to time in HF Sinclair’s, HFC’s and HEP’s SEC filings. The forward-looking statements speak only as of the date made and, other than as required by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Investor Contacts
HF Sinclair Corporation and HollyFrontier Corporation
Craig Biery, 214-954-6510
Vice President, Investor Relations
or
Trey Schonter, 214-954-6510
Investor Relations

Media Contact
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SEOUL, South Korea--(BUSINESS WIRE)--#100percent--Panda Korea.com (Panda Korea), an e-commerce platform, announced that it has attracted about USD 4.85 million in new investment in 6 years. Based on the investment, the company plans to expand its business to IoT sharing services.

Korea Asset Investment Securities, BSK Investment, etc. participated in this round as financial investors (FIs). Until now, Panda Korea has attracted investment at a scale of USD 17 million in total.

The main FI is an entertainment agency, Keyeast. At an early stage of the growth of Panda Korea, Keyeast affiliated actors, Bae Yong-joon and Kim Soo-hyun, and employees invested a total of USD 4.3 million as individual shareholders. Hana Financial Investment and Shinhan Investment Corp. invested in “100 percent”, a subsidiary of Panda Korea. Panda Korea achieved an Enterprise Value of USD 80 million a year after its establishment, growing into a representative e-commerce platform with 2.5 million Chinese users.

The strategy of diversifying business with the IoT platform also played a major role in increasing sales. The company has secured IoT technology from 2020. It supplied shared electric bicycles to Kakao Mobility and won business for Kakao's last mile "T Bike".

In addition, it launched an auxiliary battery rental service “Piggy Cell” operated by its subsidiary 100 percent. There are about 40,000 installations nationwide, including convenience stores, movie theaters, and resorts and it occupies more than 70% of the Korean market. At the same time, the company pursues to establish “EV Complex” which will be in charge of Tesla's delivery and charging center in Korea.

Through the new investment, Panda Korea is getting ready to jump into the blockchain business. Recently they signed a memorandum of understanding (MOU) with Busan to build a blockchain center with NHN, Tesla Korea, blockchain technology company Medium, electric charging station company Daeyoung Chabi, etc.

Eco-friendly electric charging service will be provided as a core service of the blockchain center. For this, Daeyoung Chaebi, the No.1 operator of electric vehicle charging stations, Piggy Cell, the largest auxiliary battery sharing service in Korea, and Panda Korea.com, a supplier of shared electric bicycle "Kakao T Bike”, will participate in the Busan Blockchain Business Consortium. In particular, the decentralized electric charging-based utility Coin, RCG, will be used to operate and pay for the blockchain ecosystem.

Panda Korea
Jessica Lee
+82-10-7396-0058
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DALLAS--(BUSINESS WIRE)--Matador Resources Company (NYSE: MTDR) (“Matador”) today announced that its Board of Directors declared a quarterly cash dividend of $0.05 per share of common stock payable on June 3, 2022 to shareholders of record as of May 18, 2022.

About Matador Resources Company

Matador is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. Its current operations are focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. Matador also operates in the Eagle Ford shale play in South Texas and the Haynesville shale and Cotton Valley plays in Northwest Louisiana. Additionally, Matador conducts midstream operations, primarily through its midstream joint venture, San Mateo, in support of its exploration, development and production operations and provides natural gas processing, oil transportation services, natural gas, oil and produced water gathering services and produced water disposal services to third parties.

For more information, visit Matador Resources Company at www.matadorresources.com.

Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. “Forward-looking statements” are statements related to future, not past, events. Forward-looking statements are based on current expectations and include any statement that does not directly relate to a current or historical fact. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as “could,” “believe,” “would,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “should,” “continue,” “plan,” “predict,” “potential,” “project,” “hypothetical,” “forecasted” and similar expressions that are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Such forward-looking statements include, but are not limited to, statements about guidance, projected or forecasted financial and operating results, future liquidity, the payment of dividends, results in certain basins, objectives, project timing, expectations and intentions, regulatory and governmental actions and other statements that are not historical facts. Actual results and future events could differ materially from those anticipated in such statements, and such forward-looking statements may not prove to be accurate. These forward-looking statements involve certain risks and uncertainties, including, but not limited to, the following risks related to financial and operational performance: general economic conditions; the Company’s ability to execute its business plan, including whether its drilling program is successful; changes in oil, natural gas and natural gas liquids prices and the demand for oil, natural gas and natural gas liquids; its ability to replace reserves and efficiently develop current reserves; costs of operations; delays and other difficulties related to producing oil, natural gas and natural gas liquids; delays and other difficulties related to regulatory and governmental approvals and restrictions; impact on the Company’s operations due to seismic events; availability of sufficient capital to execute its business plan, available borrowing capacity under its revolving credit facilities and otherwise; its ability to make acquisitions on economically acceptable terms; its ability to integrate acquisitions; weather and environmental conditions; the impact of the worldwide spread of the novel coronavirus, or COVID-19, on oil and natural gas demand, oil and natural gas prices and its business; the operating results of the Company’s midstream joint venture’s oil, natural gas and water gathering and transportation systems, pipelines and facilities, the acquiring of third-party business and the drilling of any additional salt water disposal wells; and the other factors which could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. For further discussions of risks and uncertainties, you should refer to Matador’s filings with the Securities and Exchange Commission (“SEC”), including the “Risk Factors” section of Matador’s most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q. Matador undertakes no obligation to update these forward-looking statements to reflect events or circumstances occurring after the date of this press release, except as required by law, including the securities laws of the United States and the rules and regulations of the SEC. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.

Mac Schmitz
Vice President – Investor Relations
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(972) 371-5225

Deal for Advanced First Solar Thin Film Modules Secures LRE’s Planned Build Portfolio Through 2024

TEMPE, Ariz. & DALLAS--(BUSINESS WIRE)--Leeward Renewable Energy (“LRE”) and First Solar, Inc. (NASDAQ: FSLR) today announced that they have entered into an additional multi-year framework supply agreement, through which First Solar will provide LRE with 1 gigawatt (GW)_DC of advanced, ultra-low carbon thin-film photovoltaic (PV) solar modules. LRE will deploy these modules across its 20GW solar development and construction pipeline in the U.S. over 2023 and 2024.

This agreement builds on a long, productive relationship between LRE and First Solar that is advancing decarbonization through the use of clean solar energy. This latest agreement expands LRE’s order book with First Solar to over 3GW of modules that are estimated to enable the build of 18 new sites from 2022 - 2024. Designed and developed at its research and development (R&D) centers in California and Ohio, First Solar’s responsibly produced advanced thin film PV modules set industry benchmarks for quality, durability, reliability, design, and environmental performance. The modules have a carbon footprint that is 2.5 times lower and a water footprint that is three times lower than the average crystalline silicon solar panel made with cells produced in China.

“We are pleased to build on our strong relationship with First Solar and support the expansion of domestic solar manufacturing,” said Eran Mahrer, Chief Strategy Officer at LRE. “This agreement creates significant growth opportunities bringing stability, predictability and diminished risk from geopolitical tensions to our solar module supply chain, and by extension to our finance, construction, and offtake partners. We look forward to working closely with First Solar and other U.S.-based component manufacturers as we aggressively expand our solar portfolio.”

“Sophisticated project developers such as LRE are looking to secure their development portfolios by partnering with a module supply partner that offers a reliable, clean energy solution with a long-term agreement structure,” said Georges Antoun, chief commercial officer at First Solar. “First Solar is able to meet this need by delivering a competitive, high-quality, responsibly produced solar module. We are delighted LRE recognizes the value in our eco-efficient solar modules that are advancing the fight against climate change, and we look forward to playing a role in growing their solar platform.”

First Solar is investing $680 million in expanding America’s domestic PV solar manufacturing capacity by 3.3 GW annually, by building its third US manufacturing facility, in Lake Township, Ohio. The new facility is expected to be commissioned in the first half of 2023 and when fully operational will scale the company’s Northwest Ohio footprint to a total annual capacity of 6 GW, which is believed to make it the largest fully vertically integrated solar manufacturing complex outside of China. First Solar has invested over $2 billion in its US manufacturing footprint and, when its third factory is fully operational, will directly employ over 2,500 people in Ohio, while supporting an estimated 7,000 indirect jobs through its American supply chain.

In addition to its Ohio manufacturing facilities, First Solar also operates factories in Vietnam and Malaysia, and is building a new 3.3 GW factory in India that is expected to be commissioned in the second half of 2023. With First Solar’s expansion in the United States and India and optimization of its existing fleet, the company anticipates that its nameplate manufacturing capacity will double to 16 GW in 2024. First Solar is the only U.S.-headquartered company among the world’s ten largest solar manufacturers.

About Leeward Renewable Energy, LLC

Leeward Renewable Energy is a leading renewable energy company that owns and operates a portfolio of 22 renewable energy facilities across nine states totaling approximately 2,000 megawatts of generating capacity. LRE is actively developing and contracting new wind, solar, and energy storage projects in energy markets across the U.S., with 1.9 gigawatts contracted and 20 gigawatts under development and construction spanning over 100 projects. LRE is a portfolio company of OMERS Infrastructure, an investment arm of OMERS, one of Canada’s largest defined benefit pension plans with C$121 billion in net assets (as at December 31, 2021). For more information, visit www.leewardenergy.com.

About First Solar, Inc.

First Solar is a leading American solar technology company and global provider of responsibly produced eco-efficient solar modules advancing the fight against climate change. Developed at R&D labs in California and Ohio, the company’s advanced thin film photovoltaic (PV) modules represent the next generation of solar technologies, providing a competitive, high-performance, lower-carbon alternative to conventional crystalline silicon PV panels. From raw material sourcing and manufacturing through end-of-life module recycling, First Solar’s approach to technology embodies sustainability and a responsibility towards people and the planet. For more information, please visit www.firstsolar.com.

For First Solar Investors

This release contains forward-looking statements which are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements concerning (1) an order for 1 GW_DC of solar modules for Leeward Renewable Energy; (2) First Solar’s plans to establish new factories in the United States and India and the expected capacities of those factories; and (3) when those factories are expected to be commissioned and First Solar’s resulting Northwest Ohio and global manufacturing capacity. These forward-looking statements are often characterized by the use of words such as “estimate,” “expect,” “anticipate,” “project,” “plan,” “intend,” “seek,” “believe,” “forecast,” “foresee,” “likely,” “may,” “should,” “goal,” “target,” “might,” “will,” “could,” “predict,” “continue” and the negative or plural of these words and other comparable terminology. Forward-looking statements are only predictions based on our current expectations and our projections about future events and therefore speak only as of the date of this release. You should not place undue reliance on these forward-looking statements. We undertake no obligation to update any of these forward-looking statements for any reason, whether as a result of new information, future developments or otherwise. These forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause our actual results, levels of activity, performance, or achievements to differ materially from those expressed or implied by these statements. These factors include, but are not limited to, the matters discussed under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” of our most recent Annual Report on Form 10-K and our subsequently filed Quarterly Reports on Form 10-Q, as supplemented by our other filings with the Securities and Exchange Commission.

Media
For Leeward
Kelly Kimberly/Liz James
Sard Verbinnen & Co.
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For First Solar
Reuven Proença
First Solar Media
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Carbon Streaming in Late-Stage Negotiation on Multiple Projects

InfiniteEARTH Provides Perspective on Recent Indonesian Government Announcement

TORONTO--(BUSINESS WIRE)--$NETZ #NETZ--Carbon Streaming Corporation (NEO: NETZ) (OTCQB: OFSTF) (FSE: M2Q) (“Carbon Streaming” or the “Company”) is pleased to provide an update on its investment pipeline as the Company continues to build a diversified portfolio of high-quality carbon streaming investments around the globe.

Investment Pipeline Update

• Over 5 investment opportunities are in late-stage due diligence and negotiation or have signed term sheets.
• These near-term investment opportunities are expected to provide diversification by geography, project type and counterparty.
• In addition, the longer-term total pipeline of investment opportunities continues to grow and is now in excess of US$1 billion in size.

Carbon Streaming is well capitalized to fund its growth initiatives with over US$100 million of cash on the balance sheet and zero debt. We look forward to providing further updates on execution of our investment pipeline in due course.

Indonesia Update

The Indonesian government has temporarily paused validation of carbon credits from projects on the Verra Registry (and others) as it seeks to finalize its national carbon policy. The Company maintains a carbon stream investment in the Rimba Raya Biodiversity Reserve Project (“Rimba Raya”) which may be impacted by this temporary pause. Rimba Raya was among the first Verra registered REDD+ (Reducing Emissions from Deforestation and forest Degradation) projects and has forged a long history of success, having over 31.8 million verified carbon credits issued by Verra since 2013.

Jim Procanik, Managing Director of InfiniteEARTH Limited (Carbon Streaming’s project partner at Rimba Raya) added his thoughts, "As we understand it, the Indonesian government is poised to release its national carbon policy framework, and as such, the Ministry of Environment & Forestry (“MOEF”) has asked industry participants to pause further project validations. Given that the term "validation" indicates the first audit of a new project, we have no reason to believe this applies to InfiniteEARTH's Rimba Raya project since it has over 12 years of history with multiple verifications behind it.”

Mr. Procanik continued, “While Rimba Raya had its sixth verification audit scheduled, in consideration of the potentially imminent regulations, we will synchronize the timing of that audit to conform to the signing of the new regulations. Regulations in the carbon sector are rapidly developing, for example, at the end of 2021, PT Rimba Raya received a renewed concession license under the new rules. We continue to cooperate and communicate with the MOEF to ensure that our activities are in compliance with the dynamic regulatory landscape, and we remain in good standing. We are very pleased with the regulatory progress and welcome the clarity it will bring the carbon sector in Indonesia."

Carbon Streaming Founder and CEO Justin Cochrane had this to add: “We welcome the Indonesian government’s leadership in establishing a parallel national carbon registry and expect to see more of this from host countries as governments seek to set and achieve their own Nationally Determined Contributions (NDCs). We remain patient and respectful of the MOEF’s process and are encouraged by Rimba Raya’s recently renewed license.”

Mr. Cochrane further affirmed, “We also applaud Verra for implementing several new initiatives and tools to streamline its credit issuance process to ensure timely verification of carbon credits and to reduce the backlog that currently exists for new and existing projects. Carbon Streaming continues to expect delivery of Rimba Raya carbon credits in calendar year 2022.”

Listing Update

The Company continues to advance towards a potential listing of its common shares and listed warrants on The Nasdaq Stock Market LLC (the “Nasdaq”). Listing of the Company's common shares and listed warrants on Nasdaq remains subject to the approval of Nasdaq and the satisfaction of all applicable listing and regulatory requirements. Following receipt of all required approvals, the Company will issue a news release announcing its first trading date on Nasdaq.

About InfiniteEARTH

InfiniteEARTH is a Hong Kong-based project development company that develops and manages conservation land banks and provides environmental offsets and corporate social responsibility (CSR) solutions to companies across the globe. The company was formed in 2008 with the goal of creating the Rimba Raya Project, a 64,500-hectare peat forest in Central Kalimantan, Indonesia. Rimba Raya is one of the world’s largest REDD+ projects. The project eradicates deforestation, promotes conservation of local wildlife and sells carbon credits based on the carbon rich forest which was previously gazetted for conversion to palm oil.

InfiniteEARTH’s projects focus on the preservation of endangered species habitat, High Conservation Value (HCV) and High Carbon Stock (HCS) Forests, and National Parks through the creation of social and physical buffer zones. All projects are designed to meet the UN Sustainable Development Goals by funding sustainable development in rural communities through capacity building, transfer of low-impact technologies such as solar and fuel-efficient cookstoves, aquaponics, agro-forestry (“jungle crop”) models, and social benefits programs such as health care and early childhood education materials.

About Carbon Streaming

Carbon Streaming is a unique ESG principled company offering investors exposure to carbon credits, a key instrument used by both governments and corporations to achieve their carbon neutral and net-zero climate goals. Our business model is focused on acquiring, managing and growing a high-quality and diversified portfolio of investments in projects and/or companies that generate or are actively involved, directly or indirectly, with voluntary and/or compliance carbon credits.

The Company invests capital through carbon credit streaming arrangements with project developers and owners to accelerate the creation of carbon offset projects by bringing capital to projects that might not otherwise be developed. Many of these projects will have significant social and economic co-benefits in addition to their carbon reduction or removal potential.

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Cautionary Statement Regarding Forward-Looking Information

This news release contains certain forward-looking statements and forward-looking information (collectively, “forward-looking information”) within the meaning of applicable securities laws. All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future, including, without limitation, statements with respect to the Company’s investment pipeline, timing of delivery of carbon credits, and Nasdaq listing application and receipt of regulatory approvals.

When used in this news release, words such as “estimates”, “expects”, “plans”, “anticipates”, “will”, “believes”, “intends” “should”, “could”, “may” and other similar terminology are intended to identify such forward-looking statements. This forward-looking information is based on the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking information is subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. They should not be read as a guarantee of future performance or results, and will not necessarily be an accurate indication of whether or not such results will be achieved. Factors that could cause actual results or events to differ materially from current expectations include, among other things: dependence on key management; limited operating history for the Company’s current strategy; concentration risk; inaccurate estimates of growth strategy, including the ability of the Company to source appropriate opportunities/investments; volatility in prices of carbon credits and demand for carbon credits; general economic, market and business conditions; failure or timing delays for projects to be validated and ultimately developed or greenhouse gases emissions reductions and removals to be verified and carbon credits issued; uncertainties and ongoing market developments surrounding the regulatory framework applied to the verification, and cancellation of carbon credits and the Company’s ability to be, and remain, in compliance; actions by governmental authorities, including changes in or to government regulation, taxation and carbon pricing initiatives; uncertainties surrounding the ongoing impact of the COVID-19 pandemic; foreign operations and political risks; risks arising from competition and future acquisition activities; due diligence risks, including failure of third parties’ reviews, reports and projections to be accurate; global financial conditions, including fluctuations in interest rates, foreign exchange rates and stock market volatility; dependence on project developers, operators and owners, including failure by such counterparties to make payments or perform their operational or other obligations to the Company in compliance with the terms of contractual arrangements between the Company and such counterparties; failure of projects to generate carbon credits, or natural disasters such as flood or fire which could have a material adverse effect on the ability of any project to generate carbon credits; change in social or political views towards climate change and subsequent changes in corporate or government policies or regulations; operating and capital costs; potential conflicts of interest; unforeseen title defects; the Company’s ability to complete proposed acquisitions and the impact of such acquisitions on the Company’s business; anticipated future sources of funds to meet working capital requirements; future capital expenditures and contractual commitments; expectations regarding the Company’s growth and results of operations; the Company’s dividend policy; volatility in the market price of the Company’s common shares or warrants; the effect that the issuance of additional securities by the Company could have on the market price of the Company’s common shares or warrants; and the other risks disclosed under the heading “Risk Factors” and elsewhere in the Company’s Annual Information Form dated as of September 27, 2021 filed on SEDAR at www.sedar.com. These risks, as well as others, could cause actual results and events to vary significantly. Accordingly, readers should exercise caution in relying upon forward-looking statements and the Company undertakes no obligation to publicly revise them to reflect subsequent events or circumstances, except as required by law.

ON BEHALF OF THE COMPANY:
Justin Cochrane, Chief Executive Officer
Tel: 647.846.7765
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www.carbonstreaming.com

ORLANDO, Fla.--(BUSINESS WIRE)--#RCIGreenAwards--In honor of Earth Month, RCI^®, the world’s premier vacation exchange company, announced today the winners of the tenth annual RCI^® Green Awards program.

The RCI Green Awards celebrate three RCI affiliated vacation resorts that actively engage in environmentally sustainable practices across their resort operations. Third-party eco-certification expert GreenCircle Certified, LLC selects each year’s winners based on advances in energy and water conservation, waste management, community outreach and environmental management.

"We’re thrilled to celebrate the ten-year milestone of the RCI Green Awards, a program that highlights our commitment to protecting the environment and challenges our affiliates to do the same,” said Richard Ruff, senior vice president and managing director of RCI North America. “By committing to responsible operation, our affiliates are caring for the planet and the communities in which they operate. Further, investing in sustainable best practices, like those exemplified by our award winners, sets affiliates up for potential opportunities to reduce energy consumption and increase savings for years to come.”

The highest honor in the RCI Green Awards program, the Platinum Award, was awarded to Laurel Crest™, a Bluegreen Vacations Club Resort in Pigeon Forge, Tenn. The resort demonstrates ingenuity and best practices in environmental responsibility, including using a rain-catching device to prevent stormwater runoff and assist with outdoor irrigation, solar powered lights to illuminate sidewalks, electric vehicle charging, and reserved parking spots for green vehicles.

The Gold RCI Green Award went to Club Wyndham Resort at Fairfield Glade in Crossville, Tenn., which creates extensive energy savings through the use of motion sensors, as well as water savings by not relying on any irrigation system. Additionally, the resort conducted a voluntary, extensive third-party audit of energy and water use, and plans to use the resulting recommendations for future conservation enhancements.

Lastly, the Silver RCI Green Award was bestowed to Worldmark Rancho Vistoso in Oro Valley, Ariz. With solar panels installed on roofs, along with solar carports to provide the site with renewable energy, the resort relies on the area’s native landscape, which does not require extra irrigation systems. Resort staff also maintain a butterfly garden, an herb garden, and a bird habitat on site, helping promote the local ecosystem.

The RCI Green Award program is free and open to all RCI affiliates in North America. RCI also offers a Green Resource Center on its affiliate website for developers looking to expand their sustainability efforts. The application process for next year's RCI Green Awards program will begin in October.

About RCI

RCI^® is the new shape of travel™. As the worldwide leader in membership travel services to the vacation ownership industry, the company offers the industry’s leading vacation exchange platform to its 3.7 million members around the world, providing access to 4,200 affiliated resorts in approximately 110 countries. RCI Travel offers enhanced travel services allowing its members to flexibly travel year-round. RCI is a part of the Panorama family of travel brands at Travel + Leisure Co. (NYSE:TNL). For additional information visit rci.com. RCI also can be found on Facebook, YouTube and Twitter.

About Panorama Co.

Panorama is the world’s foremost membership travel business that includes the largest vacation exchange company and membership travel brands. The Panorama portfolio includes timeshare exchange companies RCI^® - the world’s largest vacation exchange network, 7Across, and The Registry Collection; consumer travel businesses Love Home Swap, and Extra Holidays; and leading travel technology platforms @Work International and Alliance Reservations Network (ARN). Panorama delivers a broader perspective to the world of travel as part of Travel + Leisure Co. (NYSE:TNL). Visit PanoramaCo.com for more information.

Melissa Landy
(407) 626-3830
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New fast charging station in Hagerstown, MD is the first station funded through Maryland’s Appendix D settlement fund

LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (NASDAQ: EVGO), the nation’s largest public fast charging network for electric vehicles (EVs) and first powered by 100% renewable electricity, today announced the opening of a new EVgo public fast charging station located at Valley Park Commons in Hagerstown, Maryland. The new EV charging station, located at 1580 Wesel Boulevard, boasts four charging stalls equipped with two 100 kW fast chargers and two 350 kW fast chargers capable of simultaneous charging. The new site will be unveiled during a ribbon cutting ceremony today, April 25 at 10 a.m. ET, and will feature a lineup of prominent local speakers.

The EVgo network boosts more than 850 public fast charging locations and serves over 60 metropolitan areas across more than 30 states, including over 100 EVgo charging stalls across the state of Maryland. Valley Park Commons is a regional shopping center located within Hagerstown’s primary retail node. Hosted by Mosaic Realty Partners, the center is next to the 900,000 square foot Valley Park regional mall and approximately five minutes from the intersection of I-81 and I-70, the two major thoroughfares connecting Pennsylvania, Virginia and Maryland.

Public EV fast charging stations are critical to helping the state of Maryland reach its goals of reducing greenhouse gas emissions by 50% by 2030 and achieving net-zero emissions by 2045, as outlined in the 2030 Greenhouse Gas Emissions Reduction Act Plan. The new Valley Park Commons charging station was primarily built in partnership with Nissan and partially funded through Maryland’s Electric Corridor Grant Program (ECGP), which was administered by The Maryland Department of the Environment and the Maryland Energy Administration. Funding for the program was available through the VW Mitigation Program.

“EV charging and retail shopping go together like peanut butter and jelly, and we know Maryland EV drivers are going to love the combination of new EVgo stations at Valley Park Commons in Hagerstown,” said Jonathan Levy, Chief Commercial Officer of EVgo. “With great partners like Mosaic Realty, Nissan, and the State of Maryland, EVgo continues to expand our network to enable more drivers to go electric, including right here at this regional shopping hotspot.”

“The electric vehicle charging station in Hagerstown, which will charge four vehicles at a time, is a particular point of pride for us because it is the first to be completed and operating as part of our Electric Corridors Grant Program in Maryland," said Dr. Suzanne Dorsey, Assistant Secretary of the Maryland Department of the Environment. "Our partnership with EVgo has resulted in this station and four other stations -- in Oxon Hill, Silver Spring, Towson, and Halethorpe -- will be similar to this one."

A ribbon cutting ceremony will take place at the Valley Park Commons charging site today, April 25, at 10 a.m. ET, and feature a lineup of local officials including Dr. Suzanne Dorsey, Assistant Secretary of the Maryland Department of the Environment; Dr. Mary Beth Tung, Esq., Director of the Maryland Energy Administration; Joey Chen, Senior Advisor to the Chairman of the Maryland Public Service Commission; Courtney Galatioto, Chief of Staff and Vice President of Strategic Partnerships at Smart Electric Power Alliance; and Colin Murchie, Senior Director of Business Development at EVgo.

For more information around the locations of EV chargers within the EVgo charging network, visit www.evgo.com.

About EVgo

EVgo (Nasdaq: EVGO) is the nation’s largest public fast charging network for electric vehicles, and the first to be powered by 100% renewable energy. With more than 850 fast charging locations, EVgo’s owned and operated charging network serves over 60 metropolitan areas across more than 30 states and approximately 340,000 customer accounts. Founded in 2010, EVgo leads the way on transportation electrification, partnering with automakers; fleet and rideshare operators; retail hosts such as hotels, shopping centers, gas stations and parking lot operators; and other stakeholders to deploy advanced charging technology to expand network availability and make it easier for drivers across the U.S. to enjoy the benefits of driving an EV. As a charging technology first mover, EVgo works closely with business and government leaders to accelerate the ubiquitous adoption of EVs by providing a reliable and convenient charging experience close to where drivers live, work and play, whether for a daily commute or a commercial fleet.

For Investors:
Ted Brooks, VP of Investor Relations
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310-954-2943

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PHOENIX--(BUSINESS WIRE)--Knight-Swift Transportation Holdings Inc. (NYSE:KNX) (the "Company" or "Knight-Swift") announced today that its board of directors (the "Board") approved the repurchase of up to $350 million of the Company's outstanding common stock (the "2022 Knight-Swift Repurchase Plan"). With the adoption of the 2022 Knight-Swift Repurchase Plan, the Company terminated the $250 million repurchase plan previously approved by the Board in November 2020 (the "2020 Knight-Swift Repurchase Plan"). Since its adoption, the Company purchased approximately $207.2 million or 4.2 million shares, including approximately $149.9 million or 2.8 million shares during 2022, of its common stock under the 2020 Knight-Swift Repurchase Plan, leaving less than $42.8 million in remaining purchase authorization upon termination.

The Company intends to repurchase shares of common stock under the 2022 Knight-Swift Repurchase Plan when it is opportune to do so, using a variety of methods, which may include but is not limited to open market purchases, block trades, the implementation of a 10b5-1 plan, and/or any other available methods in accordance with Securities and Exchange Commission and other applicable legal requirements. The timing, prices, and volume of purchases will depend upon prevailing stock prices, the Company’s leverage ratio, general economic and market conditions, and other considerations. The 2022 Knight-Swift Repurchase Plan does not obligate the Company to repurchase or otherwise acquire any of its common stock. The 2022 Knight-Swift Repurchase Plan may be suspended, modified, or discontinued at any time and without notice, at the Board’s discretion.

In addition to the approval of the 2022 Knight-Swift Repurchase Plan, the Board has declared the Company’s quarterly cash dividend of $0.12 per share of common stock. The Company's quarterly dividends are pursuant to a cash dividend policy approved by the Board. The actual declaration of future cash dividends, and the establishment of record and payment dates, is subject to final determination by the Board each quarter after its review of the Company’s financial performance.

The Company’s dividend is payable to stockholders of record on June 10, 2022 and is expected to be paid on June 27, 2022.

Knight-Swift is one of North America's largest and most diversified freight transportation companies, providing multiple truckload transportation and logistics services, as well as LTL services. Knight-Swift uses a nationwide network of business units and terminals in the United States and Mexico to serve customers throughout North America. In addition to operating the country's largest tractor fleet, Knight-Swift also contracts with third-party equipment providers to provide a broad range of truckload services to our customers while creating quality driving jobs for our driving associates and successful business opportunities for independent contractors.

This press release contains certain statements that may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are subject to the safe harbor created by those sections and the Private Securities Litigation Reform Act of 1995, as amended. All statements, other than statements of historical or current fact, are statements that could be deemed forward-looking statements, including, without limitation, statements relating to the 2022 Knight-Swift Repurchase Plan and our declaration of quarterly dividends. Forward-looking statements are based on the current beliefs, assumptions, and expectations of management and current market conditions. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, which could cause future events and actual results to differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. There can be no assurance that future dividends will be declared or as to the timing or amount of repurchases. The declaration of future dividends or future share repurchases is subject to approval requirements and various risks and uncertainties, including, but not limited to: our cash flow and cash needs; compliance with applicable law; restrictions under existing or future financing arrangements; changes in tax laws relating to corporate dividends; deterioration in our financial condition or results, and those risks, uncertainties, and other factors identified from time-to-time in our filings with the Securities and Exchange Commission. Readers should review and consider the factors that may affect future results and other disclosures in the Risk Factors section of Knight-Swift's Annual Report on Form 10-K for the year ended December 31, 2021, and various disclosures in our press releases, stockholder reports, and other filings with the Securities and Exchange Commission. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein.

David Jackson, President and CEO, or Adam Miller, CFO - (602) 606-6349

STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power, Inc. (“Altus Power”) (NYSE: AMPS), a leading clean electrification company, today announced that it will release financial results for the first quarter of 2022 before the market opens on Monday, May 16, 2022. This release will be followed by a conference call for investors at 8:30 AM Eastern Time the same day. Hosting the call will be Lars Norell and Gregg Felton, Co-Chief Executive Officers of Altus Power, and Dustin Weber, Chief Financial Officer.

The conference call may be accessed via live webcast on a listen-only basis on the Events & Presentations page of the Investor section of Altus Power’s website at https://investors.altuspower.com/events-and-presentations/.

A replay of the webcast will be available shortly after the call on the Investor section of Altus Power’s website and by dialing (844) 512-2921 or for international callers by dialing (412) 317-6671. The passcode for the replay is 13729401. The replay will remain available for approximately 30 days.

About Altus Power, Inc.

Altus Power, based in Stamford, Connecticut, is the nation’s premier clean electrification company. Altus Power serves its commercial, industrial, public sector and community solar customers by developing, owning and operating locally sited solar generation, energy storage, and EV charging infrastructure across 18 states from Vermont to Hawaii. Visit altuspower.com to learn more.

Altus Power
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Cory Ziskind
ICR, Inc.
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For Investors:
Chris Shelton, Head of IR
Caldwell Bailey, ICR, Inc.
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• Strength: GE Digital’s DERMS solution offers a deep breadth of capabilities through 12 natively interoperable modules designed to be deployed within a multivendor environment
• Report points to acquisition of Opus One Solutions DERMS capabilities as complementary to GE Digital portfolio offering, accelerated road map items and additional reach to new emerging market segments

SAN RAMON, Calif.--(BUSINESS WIRE)--GE Digital today announced it has been named in a Leader category of the IDC MarketScape: Worldwide Distributed Energy Resource Management Systems (DERMS) 2022 Vendor Assessment ¹. The report notes, “GE Digital has a solid geographic footprint in the global utility market with a strong base of industry experience across transmission, distribution, and market operators and over 55 live implementations of DERMS with 30 additional customers now added through Opus One Solutions.”

GE Digital's DERMS products have evolved leveraging GE's domain expertise, industrial knowledge, and utilities operations-centric experience. GE Digital currently has more than 80 live implementations of its DERMS solution in the utility sector with a significant presence in North America, Europe, and Australia where renewable penetration is highest, alongside growing engagement in emerging regions.

In addition, the report notes, “GE Digital's DERMS products offer a deep breadth of capabilities through the company's 12 natively interoperable modules designed to be deployed within a multivendor environment, allowing end users to avoid vendor lock-in. All its 12 DERMS modules, such as DER-enabled GIS, DER-enabled ADMS, and DER-enabled AEMS, offer flexibility to its utility clients by allowing them to integrate each DERMS module either separately or embed directly into the existing utility systems.”

“GE Digital has built a foundation of utility and clean energy expertise to address operational needs in both the renewables and DER integration space,” said John Villali, Research Director IDC Energy Insights. “We have been impressed with GE Digital’s level of software innovation in partnering with the most progressive utility customers globally to meet their DER orchestration and grid optimization challenges. With the company’s recent investment in Opus One Solutions and future product roadmap plans, we see great alignment with the future market need.”

GE Digital's acquisition of Opus One will strengthen the company's presence in the DERMS space with an expanded solution portfolio, talent pool, and innovation focus, the report said. Combining GE Digital's robust DERMS and renewable energy expertise and products with Opus One's focus on technico-economic DER optimization, analytics, planning, operations, and markets will create a broader and more comprehensive set of DERMS offerings to the market.

“We are honored to be named a leader in the IDC MarketScape for DERMS,” said Jim Walsh, General Manager for GE Digital’s Grid Software business. “GE Digital’s DERMS solution helps utilities integrate, control, and optimize the increasing number of Distributed Energy Resources while meeting objectives such as resiliency, non-wire alternatives, market access, and energy affordability for customers. Our modular software is vendor agnostic and provides capabilities that support use cases across a utilities’ DER adoption maturity.”

Key areas of expansion in GE Digital's DERMS products coming out of the Opus One acquisition include DER simulation and hosting capacity, distribution grid and DER flexibility valuation and look-ahead optimization, demand response, and orchestration of distribution-level flexibility markets allowing aggregators and DER owners to participate in the secure coordination of transmission and distribution grids.

Click on this link for more information about GE Digital’s Grid Software. Read more about GE Digital’s DER-aware ADMS, DER Orchestration, and Opus One’s DERMS solutions.

About IDC MarketScape

IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.

About GE Digital

GE Digital transforms how our customers solve their toughest challenges by putting industrial data to work. Our mission is to bring simplicity, speed, and scale to digital transformation activities, with industrial software that delivers breakthrough business outcomes. GE Digital’s product portfolio – including grid optimization and analytics, asset and operations performance management, and manufacturing operations and automation – helps industrial companies in the utility, power generation, oil & gas, aviation, and manufacturing sectors change the way industry works. For more information, visit www.ge.com/digital.

¹ IDC MarketScape: Worldwide Distributed Energy Resource Management Systems (DERMS) 2022 Vendor Assessment (doc # US47455621, April 2022)

© 2022 General Electric. All rights reserved. GE, the GE logo, and associated products are either registered trademarks or trademarks of General Electric in the United States and/or other countries. All other trademarks are the property of their respective owners.

Media:
Ellie Holman
GE Digital
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