THE WOODLANDS, Texas--(BUSINESS WIRE)--Excelerate Energy, Inc. (NYSE: EE) ("Excelerate" or the "Company") today announced the closing of its initial public offering of 18,400,000 shares of its Class A common stock, including the full exercise by the underwriters of their option to purchase 2,400,000 additional shares of Class A common stock, at a price to the public of $24.00 per share. The Class A common stock is listed for trading on the New York Stock Exchange under the ticker symbol "EE." Excelerate received net proceeds of approximately $416.2 million, after deducting underwriting discounts and commissions.

Barclays, J.P. Morgan, and Morgan Stanley served as joint lead book-running managers for the offering. Wells Fargo Securities also acted as a book-running manager. SMBC Nikko, Raymond James, Stephens Inc., Tudor, Pickering, Holt & Co., and BOK Financial Securities, Inc. acted as co-managers for the offering.

A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission on April 12, 2022. The offering is being made only by means of a prospectus, copies of which may be obtained from the following sources:

• Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at (888) 603-5847, or by email at This email address is being protected from spambots. You need JavaScript enabled to view it.;
• J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at (866) 803-9204, or by email at This email address is being protected from spambots. You need JavaScript enabled to view it.; or
• Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, by email at This email address is being protected from spambots. You need JavaScript enabled to view it..

This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor will there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Excelerate Energy

Excelerate Energy, Inc. is a US-based LNG company located in The Woodlands, Texas. Founded in 2003 by George B. Kaiser, Excelerate is changing the way the world accesses cleaner forms of energy by providing integrated services along the LNG value chain with an objective of delivering rapid-to-market and reliable LNG solutions to customers. Excelerate offers a full range of flexible regasification services from FSRU to infrastructure development to LNG supply. Excelerate has offices in Abu Dhabi, Antwerp, Boston, Buenos Aires, Chattogram, Dhaka, Doha, Dubai, Manila, Rio de Janeiro, Singapore, and Washington, DC.

Investors
Craig Hicks
Excelerate Energy
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Stephen Pettibone / Frances Jeter
Sard Verbinnen & Co
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PROVIDENCE, R.I.--(BUSINESS WIRE)--Textron Inc. (NYSE: TXT) today announced that it has closed its acquisition of PIPISTREL d.o.o., PIPISTREL VERTICAL SOLUTIONS d.o.o. and PIPISTREL ITALIA S.R.L., known collectively as Pipistrel, an award-winning pioneer and global leader in electrically powered aircraft.

Pipistrel’s Velis Electro is the world’s first, and currently only, electric aircraft to receive full type-certification from the European Union Aviation Safety Agency (EASA). The company, which offers a family of gliders and light aircraft with both electric and combustion engines, has delivered more than 2,500 light aircraft worldwide since its founding in 1989 and additionally has both hybrid and electric propulsion models under development.

As a Textron company, Pipistrel will have access to greater resources, technical and regulatory expertise and a global aircraft sales and support network, enabling it to accelerate its development and certification of electric and hybrid electric aircraft. Pipistrel is now part of Textron’s newest business segment, Textron eAviation, which will pursue Textron’s long-term strategy to offer a family of sustainable aircraft for urban air mobility, general aviation, cargo and special mission roles. Rob Scholl, who has been leading Textron’s eAviation initiatives to date, has been named president and CEO of the segment.

“Pipistrel has already achieved what many other companies only aspire to – certifying and delivering highly regarded electric aircraft to customers around the world,” said Textron Chairman and CEO Scott Donnelly. “We are excited to accelerate Pipistrel’s development and to welcome its talented people into our organization, where we will pool expertise to make Textron a world leader in sustainable aircraft for a wide range of missions.”

Pipistrel will remain a distinct aviation brand within Textron, alongside the company’s already established Cessna, Beechcraft, and Bell brands. Its headquarters, research and development, and manufacturing will remain in Slovenia and Italy, where Textron plans to make additional investments to expand manufacturing and product development capabilities.

“With Pipistrel, we have the opportunity to take an already great aircraft manufacturer and make it greater still,” said Textron eAviation CEO Rob Scholl. “We look forward to working with its remarkable team and helping the business achieve its full potential.”

Under the terms of the transaction, Textron purchased Pipistrel for a cash purchase price of approximately €218 million. Pipistrel’s founder and CEO, Ivo Boscarol, will remain a minority shareholder of Pipistrel with an approximately 10 percent interest for a two-year period, during which he will advise on future product plans and strategies. The cash purchase price includes the amount for which his minority interest will be purchased at the end of the two-year period.

About Textron Inc.

Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell, Cessna, Beechcraft, Pipistrel, Jacobsen, Kautex, Lycoming, E-Z-GO, Arctic Cat, and Textron Systems. For more information, visit: www.textron.com.

About Pipistrel

In 2020, Pipistrel’s Velis Electro became the world’s first, and currently only, electric aircraft to receive full type-certification from the European Union Aviation Safety Agency (EASA). This achievement followed a series of electric aircraft introductions since the company began research and development of electric propulsion in 2000. Pipistrel’s pioneering work has been recognized through awards from NASA, IDC, and other organizations. The company, which offers a family of gliders and light aircraft with both electric and combustion engines, has delivered more than 2,500 light aircraft worldwide since its founding in 1989 and additionally has both hybrid and electric propulsion models under development.

www.pipistrel-aircraft.com

About Textron eAviation

Headquartered in Wichita, Kansas, Textron eAviation is focused on sustainable flying, backed by Textron’s 100 years of expertise and the restless spirit for innovation that is embodied in our Pipistrel, Cessna, Beechcraft and Bell brands.

Taking the lead in Textron’s development of sustainably powered flight, Textron eAviation is leveraging the industry-leading product design, certification, manufacturing, and aftermarket solutions from across Textron’s businesses coupled with the newly acquired expertise of Pipistrel.

Certain statements in this press release are forward-looking statements which may project revenues or describe strategies, goals, outlook or other non-historical matters; these statements speak only as of the date on which they are made, and we undertake no obligation to update or revise any forward-looking statements. These statements are subject to known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from those expressed or implied by such forward-looking statements, including, but not limited to, difficulty or unanticipated expenses in connection with integrating the acquired business; the risk that anticipated synergies and opportunities as a result of the acquisition will not be realized; the efficacy of research and development investments to develop and certify new electric and hybrid electric aircraft products; unanticipated expenses or delays in connection with the launching of such new products; and our ability to keep pace with our competitors in the introduction of such new products.

Media:
Michael Maynard
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HOUSTON & CALGARY, Alberta--(BUSINESS WIRE)--Civeo Corporation (NYSE:CVEO) announced today that it has scheduled its first quarter 2022 earnings conference call for Friday, April 29, at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). During the call, Civeo will discuss financial and operating results for the first quarter 2022, which will be released before the market opens on Friday, April 29, 2022.

By Phone:

Dial 877-423-9813 inside the U.S. or 201-689-8573 internationally and ask for the Civeo call or provide the conference ID: 13729407# at least 10 minutes prior to the start time.

A replay will be available through May 6th by dialing 844-512-2921 inside the U.S. or 412-317-6671 internationally and using the conference ID 13729407#.

By Webcast:

Connect to the webcast via the Events and Presentations page of Civeo's Investor Relations website at www.civeo.com.

Please log in at least 10 minutes in advance to register and download any necessary software.

A webcast replay will be available after the call.

ABOUT CIVEO

Civeo Corporation is a leading provider of hospitality services with prominent market positions in the Canadian oil sands and the Australian natural resource regions. Civeo offers comprehensive solutions for lodging hundreds or thousands of workers with its long-term and temporary accommodations and provides food services, housekeeping, facility management, laundry, water and wastewater treatment, power generation, communications systems, security and logistics services. Civeo currently owns and operates a total of 27 lodges and villages in Canada, Australia and the U.S., with an aggregate of over 28,000 rooms. Civeo is publicly traded under the symbol CVEO on the New York Stock Exchange. For more information, please visit Civeo's website at www.civeo.com.

Regan Nielsen
Civeo Corporation
Senior Director, Corporate Development & Investor Relations
713-510-2400

Engages with WEX|EFS to Provide Expanded Purchase Options at Travel Centers

WESTLAKE, Ohio--(BUSINESS WIRE)--TravelCenters of America Inc. (Nasdaq: TA), nationwide operator and franchisor of the TA, Petro Stopping Centers and TA Express travel center network, announced today the launch of TA Fleet Universal, a new fleet card payment program, powered by WEX Inc.’s (NYSE: WEX) global commerce platform. The new TA Fleet Universal card can be used at all 275 TA, Petro or TA Express travel centers and at 16,000 truck stops and 95% of retail fueling stations nationwide where WEX network cards are accepted. Cardholders may benefit from fuel and product discounts and additional perks that will soon be available for TA’s UltraOne Loyalty Program members as well.

“The TA Fleet Universal Credit Card program increases driver convenience and supports our commitment to enhance the guest experience nationwide,” said Jon Pertchik, Chief Executive Officer of TravelCenters of America. “Engaging with WEX’s powerful global platform allows us to provide professional drivers a competitive, quality program with many benefits and purchasing options when visiting us.”

“We are excited to partner with TravelCenters of America and leverage our technology platform to bring this new program to the market,” said Tim Hampton, Senior Vice President, OTR Americas at WEX. “We have a nearly four-decade history of serving the transportation industry and are committed to working with industry leaders like TravelCenters of America to continue to bring new technologies to market that will help businesses and commercial fleets simplify their operations and run more efficiently.”

About TravelCenters of America

TravelCenters of America Inc. (Nasdaq: TA) is the nation's largest publicly traded full-service travel center network. Founded in 1972 and headquartered in Westlake, Ohio, its more than 18,000 team members serve guests in 275 locations in 44 states, principally under the TA®, Petro Stopping Centers® and TA Express® brands. Offerings include diesel and gasoline fuel, truck maintenance and repair, full-service and quick-service restaurants, travel stores, car and truck parking and other services dedicated to providing great experiences for its guests. TA is committed to sustainability, with its specialized business unit, eTA, focused on sustainable energy options for professional drivers and motorists, and leverages alternative energy to support its own operations. TA operates over 600 full-service and quick-service restaurants and nine proprietary brands, including Iron Skillet® and Country Pride®. For more information, visit www.ta-petro.com.

About WEX

WEX (NYSE: WEX) is the global commerce platform that simplifies the business of running a business. WEX has created a powerful ecosystem that offers seamlessly embedded, personalized solutions for its customers around the world. Through its rich data and specialized expertise in simplifying benefits, reimagining mobility and paying and getting paid, WEX aims to make it easy for companies to overcome complexity and reach their full potential. For more information, please visit www.wexinc.com.

Media:

TravelCenters of America
Tina Arundel
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WEX
Kellie Jones
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NORTH BETHESDA, Md.--(BUSINESS WIRE)--$ESAB #ESABCorporation--ESAB Corporation ("ESAB" or the “Company”) (NYSE: ESAB), a world leader in fabrication and specialty gas control technology, announced today that it will issue a press release providing financial results for the first quarter of 2022 on the morning of Tuesday, May 10, 2022. The Company will hold a conference call to discuss these results beginning at 9:00 a.m. Eastern on that day, which will be open to the public by calling +1-888-550-5302 (U.S. callers) and +1-646-960-0685 (International callers) and referencing the conference ID number 4669992 and through webcast via ESAB’s website www.ESABcorporation.com under the “Investors” section.

ESAB’s financial results press release and supplemental information referenced on the call, if any, for the first quarter 2022 will be available under the “Investors” section of ESAB’s website prior to the conference call. A link to a replay of the call will also be available on the ESAB Corporation website later that day.

About ESAB Corporation

ESAB Corporation (NYSE: ESAB) is a world leader in fabrication and specialty gas control technology, providing our partners with advanced equipment, consumables, specialty gas control, robotics, and digital solutions which enable the everyday and extraordinary work that shapes our world. To learn more, visit www.ESABcorporation.com.

Investor Relations
Mark Barbalato
Vice President, Investor Relations
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Phone: 1-301-323-9098

Media
Tilea Coleman
Vice President, Corporate Communications
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Phone: 1-301-323-9092

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) (the “Partnership”) announced today that the Board of Directors (the “Board”) of its general partner, Global GP LLC, has declared a cash distribution of $0.609375 per unit ($2.4375 per unit on an annualized basis) on the Partnership’s Series A preferred units for the period from February 15, 2022 through May 14, 2022. This distribution will be payable on May 16, 2022 to holders of record as of the opening of business on May 2, 2022.

The Board also declared a cash distribution of $0.59375 per unit ($2.375 per unit on an annualized basis) on the Partnership’s Series B preferred units for the period from February 15, 2022 through May 14, 2022. This distribution will be payable on May 16, 2022 to holders of record as of the opening of business on May 2, 2022.

Non-U.S. Withholding Information

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

About Global Partners LP

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

Forward-looking Statements

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

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

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

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

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

THE WOODLANDS, Texas--(BUSINESS WIRE)--Excelerate Energy, Inc. (NYSE: EE) ("Excelerate" or the "Company") today announced that the Company and Excelerate Energy Limited Partnership (the "Borrower") have entered into a senior secured revolving credit facility (the "Facility"). The Facility enables the Borrower to borrow up to $350 million over a three-year term which expires in April 2025.

Borrowings under the credit facility will bear interest at a per annum rate equal to the term SOFR reference rate plus 0.10% (or alternate base rate) for such period plus an applicable margin, which will be based on the Borrower’s consolidated total leverage ratio as defined under the Facility. The unused portion of the Facility will be subject to an unused commitment fee at a rate per annum ranging from 0.375% to 0.50% based on the Borrower’s consolidated total leverage ratio.

The Facility is expected to be used primarily for letters of credit, working capital, and other general corporate purposes. The Facility contains customary representations, warranties, covenants (affirmative and negative, including maximum consolidated total leverage ratio and minimum consolidated interest coverage ratio covenants), and events of default, the occurrence of which would permit the lenders to accelerate the maturity date of amounts borrowed under the Facility.

“Securing this new $350 million credit facility represents an important milestone for Excelerate Energy as we move forward as a public company,” said Steven Kobos, President and CEO of Excelerate. “We greatly appreciate the ongoing support from the banks in our lending group.”

JPMorgan Chase Bank, N.A. is acting as administrative agent. JPMorgan Chase Bank, N.A., along with Barclays Bank PLC, Morgan Stanley Senior Funding, Inc., Sumitomo Mitsui Banking Corporation, and Wells Fargo Securities, LLC, served as joint lead arrangers and joint bookrunners, with BOKF, NA dba Bank of Oklahoma and First Financial Bank as additional lenders.

Gibson, Dunn & Crutcher LLP and Frederic Dorwart, Lawyers PLLC served as counsel to Excelerate.

About Excelerate Energy

Excelerate Energy, Inc. is a US-based LNG company located in The Woodlands, Texas. Founded in 2003 by George B. Kaiser, Excelerate is changing the way the world accesses cleaner forms of energy by providing integrated services along the LNG value chain with an objective of delivering rapid-to-market and reliable LNG solutions to customers. Excelerate offers a full range of flexible regasification services from FSRU to infrastructure development to LNG supply. Excelerate has offices in Abu Dhabi, Antwerp, Boston, Buenos Aires, Chattogram, Dhaka, Doha, Dubai, Manila, Rio de Janeiro, Singapore, and Washington, DC.

Investors
Craig Hicks
Excelerate Energy
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Stephen Pettibone / Frances Jeter
Sard Verbinnen & Co
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SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, has partnered with SynMax, a Houston-based satellite analytics and intelligence company, to provide data-informed insights on the energy industry within the United States and monitor the movements of dark vessels around the globe.

With Planet’s daily PlanetScope imagery, SynMax monitors the location of hundreds of well pads for hydraulic fracturing and the ongoing activity at the sites by frac crews that maintain the operations and safety of the wells. These frac crews are responsible for the final steps in the development of oil and gas wells, and with Planet’s data, the status of the sites can be monitored in near real-time. By gaining intelligence on these operations, SynMax is able to inform energy-focused hedge funds, looking to accurately forecast the near-term supply of oil and gas.

After meeting Planet’s CEO and co-founder Will Marshall at his 2014 TED talk, Bill Perkins, founder of SynMax and owner of energy hedge fund Skylar Capital, came up with the idea of monitoring frac crew activity on a daily basis with Planet’s imagery. Planet’s approximately 200 satellites provide a line scanner of the Earth, imaging every terrestrial location every day. This unprecedented amount of data provides Planet’s customers with situational awareness and real-time insights about daily changes on the Earth.

“The problem of accurate near-term oil and gas supply forecasting has been a persistent issue for energy hedge funds, and I was immediately interested in how Planet’s satellite data could be used to reliably monitor frac crew activity,” states Perkins. “Supply is so critical to price that once this [frac crew] data becomes available to the market, we believe that hedge funds will be unable to trade without it.”

Perkins tasked then Quantitative Analyst, Eric Anderson, now SynMax CTO, with developing a model that incorporated Planet’s daily PlanetScope data into an analysis of frac crew activity. “We [Skylar Capital] have thoroughly explored the offerings of frac crew monitoring services from other companies and have been consistently frustrated at the poor quality of their data which relies on inconsistent and infrequent low resolution free satellite images,” recalled Anderson. Anderson and his team found that Planet data allowed them to track operating frac crews in near real-time.

Using their proprietary artificial intelligence combined with Planet’s satellite data, SynMax will provide maritime solutions for IUU fishing, illicit ship-to-ship transfers, and vessel spoofing. SynMax is now developing a first-of-its-kind dark vessel tracking product, entitled Project Theia. This project is targeting the commercial market and may make it possible for vessel operators, maritime insurance companies, and hedge funds interested in clandestine commodity flows, to discover, monitor, and investigate dark vessels operating all over the globe.

“SynMax has found that it can discover in-mass maritime vessels all over the world that are not transponding their locations using, in part, Planet’s daily imagery,” said SynMax CEO Brendan Moore, a former UK intelligence officer.

Together, these two companies could deliver unmatched data-informed intelligence for hedge funds invested in the energy industry and companies relying on transparent maritime commodity flows. Planet’s daily coverage of the globe could empower the financial industry to make better data-informed decisions, in part through innovative companies like SynMax.

About Planet

Planet is a leading provider of global, daily satellite imagery and geospatial solutions. Planet is driven by a mission to image the world every day, and make change visible, accessible and actionable. Founded in 2010 by three NASA scientists, Planet designs, builds, and operates the largest Earth observation fleet of imaging satellites, capturing over 30 TB of data per day. Planet provides mission-critical data, advanced insights, and software solutions to over 700 customers, comprising the world’s leading agriculture, forestry, intelligence, education and finance companies and government agencies, enabling users to simply and effectively derive unique value from satellite imagery. Planet is a Public Benefit Corporation trading on the New York Stock Exchange as PL. To learn more visit www.planet.com and follow us on Twitter.

About SynMax

SynMax is a data intelligence company. SynMax creates products that turn satellite images into actionable intelligence for investors, market participants and governments.

Forward-looking Statements

Except for the historical information contained herein, the matters set forth in this press release are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, including, but not limited to, the Company’s ability to capture market opportunity and realize any of the potential benefits from strategic partnerships and customer collaborations. Forward-looking statements are based on the Company’s management’s beliefs, as well as assumptions made by, and information currently available to them. Because such statements are based on expectations as to future events and results and are not statements of fact, actual results may differ materially from those projected. Factors which may cause actual results to differ materially from current expectations include, but are not limited to, the risk factors and other disclosures about the Company and its business included in the Company's periodic reports, proxy statements, and other disclosure materials filed from time to time with the Securities and Exchange Commission (SEC) which are available online at www.sec.gov, and on the Company's website at www.planet.com. All forward-looking statements reflect the Company’s beliefs and assumptions only as of the date such statements are made. The Company undertakes no obligation to update forward-looking statements to reflect future events or circumstances.

Planet Press
Claire Bentley
Planet Labs PBC
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Planet Investor Relations
Chris Genualdi, Cleo Palmer-Poroner
Planet Labs PBC
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Merger transaction follows a fully funded $160 million investment in Lygos to accelerate integration and scale production to meet increasing demand for agricultural, industrial, and consumer applications

BERKELEY, Calif. & VICTORIA, British Columbia--(BUSINESS WIRE)--#ESG--Lygos, Inc. (“Lygos”), a vertically integrated biotechnology provider of sustainable specialty ingredients, and Flexible Solutions International, Inc. (“FSI”) (NYSE American: FSI), a developer and manufacturer of biodegradable products, today announced they have entered into a definitive merger agreement providing for an all-stock transaction. The companies plan to integrate the two complementary technology platforms, expand the portfolio of multi-functional organic acids, and scale production to meet the increasing demand for sustainable products for agricultural, industrial, and consumer applications. The merger agreement has been unanimously approved by the boards of directors of both companies, and the $160 million of growth capital was funded in April 2022.

“In a world with increasing demand on resources, there is a greater need for alternative chemical ingredients that are reliable, scalable, and sustainable,” said Lygos CEO Eric Steen, PhD. “This merger provides the opportunity to unlock new high-growth opportunities for our business, our investors, and our customers by connecting our ingredients to existing downstream products. Together, we intend to use our collective resources to expand domestic manufacturing and revive industrial innovation by providing more environmentally friendly ingredients that enable better supply chains for common, everyday downstream products.”

FSI is an environmental technology company involved in research, development, and manufacturing of supplies that are designed to increase crop yield, conserve energy, and reduce environmental impact. Over the past four years, Lygos and FSI have been leveraging Lygos’ proprietary fermentation technology platform to improve the performance of FSI’s biodegradable, water-soluble cleaning and water treatment solutions. The Lygos platform utilizes the latest advances in bioengineering and data science to convert sustainable sugars into multi-functional organic acids. These bio-based ingredients feature performance, supply chain and environmental advantages over traditional industrial chemicals.

“This combination of Lygos’ sustainable organic acid production capabilities and FSI’s polymer expertise will enable more customers around the world to create sustainable and biodegradable solutions,” said Dan O’Brien, CEO of FSI. “I’m very excited about being part of this combined company for many years to come. FSI has demonstrated successful growth and ability to attract large and consistent customers for our products. We have adapted our business over time with this focus on our customer needs, and believe that as we enter this new phase, we can achieve even greater applications for our combined solutions.”

Mr. O’Brien has agreed to vote in favor of the transaction.

Investment Terms of Lygos’ Financing

Prior to the transaction announced today, Lygos secured $160 million in growth capital in support of the prospective combination. Under the terms of the purchase agreement, Lygos issued $160 million worth of convertible notes with a 5.5% fixed annual interest rate and a five-year maturity. The conversion price of the convertible note will be set 12 months to the date of the note, and the pricing terms will be set upon the trading price of the future equity but will be set within a market capitalization range of no less than $250 million or no greater than $350 million.

Approvals and Timing of Merger Transaction

The transaction is expected to close in the third quarter of 2022, subject to the approval of FSI and Lygos stockholders and the satisfaction or waiver of certain other customary closing conditions. Mr. O’Brien, who beneficially owns approximately 36.6% of the outstanding FSI shares, has signed an agreement with Lygos agreeing to vote his shares in favor of the transaction at a meeting of FSI shareholders and the election of directors to the FSI board of directors to be designated by Lygos. Additional information about the transaction will be provided in a Current Report on Form 8-K to be filed by FSI with the Securities and Exchange Commission and available at www.sec.gov.

Exchange Ratio

Subject to the terms and conditions of the merger agreement, each outstanding share of Lygos capital stock will be converted solely into the right to receive a number of common shares of FSI equal to the exchange ratio. The exchange ratio will equal the total number of FSI capital shares on a fully diluted basis outstanding as of the end of the last trading day of the FSI common shares on the NYSE American before the effective time of the merger multiplied by two and then divided by the total number of shares of Lygos capital stock on fully diluted basis outstanding as of the same time.

Management

Upon closing, Eric Steen will serve as the CEO and a member of the Board of Directors for the combined company. Dan O’Brien has entered into a five-year employment agreement to continue overseeing FSI’s existing business activities. Lygos’ current CFO, Bryce Dille, and CTO, Nick Ohler, PhD, will retain these respective roles in the combined company. Also, upon closing, all current directors of FSI will resign, subject to the election of new directors designated by Lygos at the FSI Meeting.

Webcast Discussing the Proposed Transaction and Financing

Management from both Lygos and Flexible Solutions will make a webcast available as of 9:00 am EDT on April 18, 2022. To access the presentation, please go to: Lygos and Flexible Solutions Merger Presentation.

Advisors

BTIG, LLC served as the financial advisor and Hart & Hart LLP served as legal advisor to FSI in connection with the merger and offering. Orrick Herrington & Sutcliffe LLP served as legal advisor to Lygos.

About Lygos

Lygos has created a biological engineering platform focused on sustainable production of organic acid bio-monomers. Lygos’ bio-based ingredients offer alternatives to traditional industrial suppliers, enabling customers to create better, environmentally safer products. For more information, visit www.lygos.com and follow us @LygosBiotech.

About Flexible Solutions International

Flexible Solutions International, Inc. (www.flexiblesolutions.com), or FSI, based in Taber, Alberta, is an environmental technology company. FSI provides biodegradable, water-soluble products utilizing thermal polyaspartate (TPA) biopolymers. TPA beta-proteins are manufactured from the common biological amino acid, L-aspartic acid, and can be used in applications including scale inhibition, detergent formulation, water treatment and crop enhancement. FSI is the developer and manufacturer of WaterSavr™, a commercially viable water evaporation retardant. WaterSavr™ reduces evaporation on reservoirs, lakes, aqueducts, irrigation canals, ponds and slow moving rivers. Heatsavr™, a “liquid blanket” evaporation retardant for the commercial swimming pool and spa markets, reduces energy costs and can result in reduced indoor pool humidity.

Additional Information about the Proposed Merger and Where to Find It

In connection with the proposed merger, FSI and Lygos intend to file relevant materials with the Securities and Exchange Commission (the “SEC”), including a registration statement on Form S-4 that will contain a prospectus and a proxy statement. Investors and security holders of FSI and Lygos are urged to read these materials when they become available because they will contain important information about FSI, Lygos and the proposed merger. The proxy statement, prospectus and other relevant materials (when they become available), and any other documents filed by FSI with the SEC, may be obtained free of charge at the SEC website at www.sec.gov. In addition, investors and security holders may obtain free copies of the documents filed with the SEC by FSI by directing a written request to: FSI at 6001 54th Ave., Taber AB, Canada T1G 1X. Investors and security holders are urged to read the proxy statement, prospectus and the other relevant materials when they become available before making any voting or investment decision with respect to the proposed merger.

This communication shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities in connection with the proposed merger shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

Participants in the Solicitation

FSI and its directors and executive officers and Lygos and its directors and executive officers may be deemed to be participants in the solicitation of proxies from the shareholders of FSI in connection with the proposed transaction. Information regarding the special interests of these directors and executive officers in the proposed merger will be included in the joint proxy statement/prospectus referred to above. Additional information regarding the directors and executive officers of FSI is also included in FSI’s Annual Report on Form 10-K for the year ended December 31, 2021. These documents are available free of charge at the SEC web site (www.sec.gov) and from the CEO of FSI at the address described above.

Forward-Looking Statements

This press release contains forward-looking statements based upon FSI’s and Lygos’ current expectations. Forward-looking statements involve risks and uncertainties, and include, but are not limited to, statements about the structure, timing and completion of the proposed merger; the combined company’s listing on the NYSE American after closing of the proposed merger; expectations regarding the ownership structure of the combined company; the expected executive officers and directors of the combined company; the combined company’s expected cash position at the closing of the proposed merger; the future operations and success of the combined company; the nature, strategy and focus of the combined company; the success, cost and timing of the combined company’s product development activities, studies and clinical trials, the success of competing products that are or become available, the combined company’s ability to obtain approval for and commercialize its product candidates; the executive and board structure of the combined company; the location of the combined company’s corporate headquarters; the expected charges and related cash expenditures that FSI expects to incur; and other statements that are not historical fact. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties, which include, without limitation: (i) the risk that the conditions to the closing of the proposed merger are not satisfied, including the failure to timely obtain stockholder and shareholder approval for the transaction, if at all; (ii) uncertainties as to the timing of the consummation of the proposed merger and the ability of each of FSI and Lygos to consummate the proposed merger; (iii) risks related to FSI’s ability to manage its operating expenses and its expenses associated with the proposed merger pending closing; (iv) risks related to the failure or delay in obtaining required approvals from any governmental or quasi-governmental entity necessary to consummate the proposed merger; (v) the risk that as a result of adjustments to the exchange ratio, FSI shareholders and Lygos stockholders could own more or less of the combined company than is currently anticipated; (vi) risks related to the market price of FSI common shares relative to the exchange ratio; (vii) unexpected costs, charges or expenses resulting from the transaction; (viii) potential adverse reactions or changes to business relationships resulting from the announcement or completion of the proposed merger; and (ix) risks associated with the possible failure to realize certain anticipated benefits of the proposed merger, including with respect to future financial and operating results. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties. These and other risks and uncertainties are more fully described in periodic filings with the SEC, including the factors described in the section entitled “Risk Factors” in FSI’s Annual Report on Form 10-K for the year ended December 31, 2021, which is on file with the SEC, and in other filings that FSI makes and will make with the SEC in connection with the proposed merger, including the proxy statement/prospectus/information statement described above under “Additional Information about the Proposed Merger and Where to Find It.” You should not place undue reliance on these forward-looking statements, which are made only as of the date hereof or as of the dates indicated in the forward-looking statements. FSI expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in its expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based.

Flexible Solutions
Jason Bloom
800-661-3560
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Lygos, Inc.
Kevin Murphy
Argot Partners
617-947-2312
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SINGAPORE--(BUSINESS WIRE)--Twenty20 Energy Systems today announced plans to design, build and maintain a 66MW, gas-fired power plant in Papua New Guinea’s Hela province on behalf of Dirio Gas & Power Company Ltd.

The Hela power plant is the newest investment project in the power generation business for Dirio Gas & Power, which is owned by 11 incorporated land groups and the provincial governments of Hela and Gulf.

The power plant will be located adjacent to and supplied from the Exxon Mobil Hides Gas Conditioning Plant and will provide power through an interconnect to the Ramu Grid which is currently being extended further into the Highlands.

Groundbreaking is expected in the third quarter of 2022, with an estimated completion in 2024. As part of the agreement with Dirio Gas & Power, Twenty20 will provide operations and maintenance services commencing on completion of the construction and commissioning works for 20 years.

“Working together with PNG government officials and local residents, we’ve been able to make great strides in transitioning regions of the country to cleaner, more reliable power supplies,” said Geoff Lawrence, CEO of Twenty20 Energy. “Creating the necessary infrastructure to a remote and geographically challenging area like Hela required a number of innovative approaches that will ultimately improve the economy and lives of those in the region.”

The Hela project follows Twenty20 Energy’s successful EPC delivery and long term operation and maintenance of the Dirio Central Province Power Station, which is delivering clean reliable power to the Port Moresby capital area of Papua New Guinea. Twenty20 Energy intends to participate in the Ownership and invest 20 percent of the required capital for construction of the project alongside Dirio. This approach demonstrates Twenty20’s strategy to take ownership positions in energy assets that deliver long-term returns for investors while also partnering with local communities to deliver tangible improvements in their quality of life and transition Papua to clean reliable power.

Hela Governor Philip Undialu said: “The PNG government has set 70 percent electrification as a goal for PNG by 2030. Our collaborative effort and partnership with Twenty20 Energy is another major step taken in accomplishing this goal, and will bring much-needed reliable power to Hela and the Southern Highlands.”

The new plant will provide a reliable electricity supply to the Hela region, which often suffers from rolling blackouts. Reliable power is a crucial pillar in supporting the ongoing development efforts in the region and improving the quality of life in the Hela province. Having local generation in the Highlands also provides greater grid stability and significantly reduces transmission losses on the Ramu grid, helping improve the performance of PNG Power, the national utility.

The power station will be comprised of 4 Solar Turbines Titan 130 Modular Power Plant Sets in Open Cycle configuration, each with a rated capacity of 16.5MW reaching the required 66MW in total. The modular plant design allows for further expansion at a later date, with additional turbines as well as the opportunity for Combined Cycle configuration to increase generation capabilities and enhance fuel efficiency.

About Twenty20 Energy

Twenty20 Energy delivers innovative energy solutions that enable clients, partners, and stakeholders to accelerate a transition to a cleaner energy future. From concept development to operations and maintenance, Twenty20 provides engineering, project execution and asset management, coupled with the capacity to provide funding or shared ownership positions. Uniquely positioned in the energy landscape, Twenty20 has a global reach with local sensitivity, developing projects that deliver cleaner energy while empowering economic growth for today and beyond.

Bob Zeitlinger / Makovsky
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TULSA, Okla.--(BUSINESS WIRE)--Alliance Resource Partners, L.P. (NASDAQ: ARLP) will report its first quarter 2022 financial results before the market opens on Monday, May 2, 2022. Alliance management will discuss these results during a conference call beginning at 10:00 a.m. Eastern that same day.

To participate in the conference call, dial (877) 407-0784 and request to be connected to the Alliance Resource Partners, L.P. earnings conference call. International callers should dial (201) 689-8560 and request to be connected to the same call. Investors may also listen to the call via the “investor information” section of ARLP’s website at http://www.arlp.com.

An audio replay of the conference call will be available for approximately one week. To access the audio replay, dial U.S. Toll Free (844) 512-2921; International Toll (412) 317-6671 and request to be connected to replay using access code 13729024.

About Alliance Resource Partners, L.P.

ARLP is a diversified natural resource company that generates operating and royalty income from coal produced by its mining complexes and royalty income from mineral interests it owns in strategic oil & gas producing regions in the United States, primarily the Permian, Anadarko and Williston basins.

ARLP currently produces coal from seven mining complexes it operates in Illinois, Indiana, Kentucky, Maryland and West Virginia. ARLP also operates a coal loading terminal on the Ohio River at Mount Vernon, Indiana. ARLP markets its coal production to major domestic and international utilities and industrial users and is currently the second largest coal producer in the eastern United States.

In addition, ARLP also generates income from a variety of other sources.

News, unit prices and additional information about ARLP, including filings with the Securities and Exchange Commission ("SEC"), are available at http://www.arlp.com. For more information, contact the investor relations department of ARLP at (918) 295-7674 or via e-mail at This email address is being protected from spambots. You need JavaScript enabled to view it..

Brian L. Cantrell
Alliance Resource Partners, L.P.
(918) 295-7673

DALLAS--(BUSINESS WIRE)--Texas Pacific Land Corporation (NYSE: TPL) (the “Company” or “TPL”) announced today that the Company will release first quarter 2022 financial results after the market closes on Wednesday, May 4, 2022. A conference call will be held on Thursday, May 5, 2022 at 8:30 a.m. Eastern Time.

Webcast:
A webcast of the conference call will be available on the Investors section of the Company’s website at www.texaspacific.com. To listen to the live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register and install any necessary audio software.

To Participate in the Telephone Conference Call:
Dial in at least 15 minutes prior to start time:
Domestic: 1-877-407-4018
International: 1-201-689-8471

Conference Call Playback:
Domestic: 1-844-512-2921
International: 1-412-317-6671
Pass code: 13729211
The playback can be accessed through May 19, 2022.

About Texas Pacific Land Corporation

Texas Pacific Land Corporation is one of the largest landowners in the State of Texas with approximately 880,000 acres of land in West Texas, with the majority of its ownership concentrated in the Permian Basin. The Company is not an oil and gas producer, but its surface and royalty ownership allow revenue generation through the entire value chain of oil and gas development, including through fixed fee payments for use of our land, revenue for sales of materials (caliche) used in the construction of infrastructure, providing sourced water and treated produced water, revenue from our oil and gas royalty interests, and revenues related to saltwater disposal on our land. The Company also generates revenue from pipeline, power line and utility easements, commercial leases, and seismic and temporary permits related to a variety of land uses including midstream infrastructure projects and hydrocarbon processing facilities.

Visit TPL at texaspacific.com.

Investor Relations
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DUBLIN--(BUSINESS WIRE)--The "Growth Opportunities In E-Bikes, Fleet Management, Traffic Management, LEDs, and AI-Based Solutions" report has been added to ResearchAndMarkets.com's offering.

The Mobility Technology Opportunity Engine (TOE) for 2022 covers innovations in E-bikes, fleet management, traffic management, LEDs and AI-based solutions. Some of the innovations profiled include E-bikes for ride-sharing services, Internet of Things (IoT)-based fleet management solution, AI-based AR solution, LEDs for automotive lighting, and AI-based eye tracking solutions for enhanced driver safety.

The purpose of the Mobility Technology TOE is to raise awareness of global technology innovations in self-propelled ground-based mobile platforms that are not only technically significant but potentially offer commercial value. Each monthly TOE provides subscribers with valuable descriptions and analyses of 10 noteworthy innovations. The main focus is on highway-licensed motor vehicles (light, medium, and heavy). Passenger cars, trucks, buses, motorcycles, scooters, and railway locomotives are within the product scope, energized by any fuel. Many of the innovations concern powertrains (internal combustion engines, turbines, battery electrics, fuel cell electrics, hybrid-electrics), as well as drivetrains (including transmissions), interiors--seating and displays, advanced materials--as for body/chassis, wireless connectivity, and self-driving technology that is currently receiving so much attention. The Mobility TOE outlines and evaluates each innovation, notes which organizations and developers are involved, projects the likely timing for commercialization, furnishes a patent analysis and provides valuable strategic insights for industry stakeholders.

The Advanced Manufacturing and Automation (AMA) Cluster covers technologies that enable clean, lean, and flexible manufacturing and industrial automation. Technologies such as three-dimensional (3D) and four-dimensional (4D) printing, wireless sensors and networks, information and communication technology, multimaterial joining, composites manufacturing, digital manufacturing, micro-and nano-manufacturing, lasers, advanced software, and printing techniques, are covered as part of this cluster. The technologies covered here impact a wide range of industries, such as the impact semiconductor, automotive and transportation, aerospace and defense, industrial, healthcare, logistics, and electronics industries.

Key Topics Covered:

1. Growth Opportunities In E-Bikes, Fleet Management, Traffic Management, LEDs, and AI-Based Solutions

• Innovations In Mobility
• E-Bikes Track Telematics and Rider Speed
• Delfast's Value Proposition
• Delfast - Investor Dashboard
• E-Bikes Enable Ride-Sharing Services
• Humanforest - Investor Dashboard
• Humanforest's Value Proposition
• Internet Of Things - Based Fleet Management Solution
• Ridecell's Value Proposition
• Ridecell - Investor Dashboard
• Advanced Traffic Management Solution
• Valerann's Value Proposition
• Valerann - Investor Dashboard
• AI-Based AR Solution for the Automotive Industry
• Phiar Technologies' Value Proposition
• Phiar Technologies - Investor Dashboard
• Driver Monitoring and Alerting Solution for the Automotive Industry
• Eyedentify's Value Proposition
• Eyedentify - Investor Dashboard
• Light-Emitting Diode Brightens Automotive Front Lighting
• AMS OSRAM's Value Proposition Reduces Footprint and Thermal Management Problems
• AMS OSRAM - Investor Dashboard
• Luxurious 2-Seater Autonomous Electric Vehicle
• Cadillac's Value Proposition Makes Drivers Tourists With Updatable Functionalities
• Cadillac - Investor Dashboard
• Swappable Battery Solves Battery Electric Vehicle Conundrum
• CATL's Value Proposition Scales Energy Storage To Match Needed Mileage
• CATL's -Investor Dashboard
• AI-Based Eye-Tracking Solution Enhances Driver Safety
• Smart Eye's Value Proposition Accurate In All Light Conditions
• Smart Eye - Investor Dashboard

2. Industry Contacts

Companies Mentioned

• AMS Osram
• Cadillac
• CATL
• Eyedentify
• HumanForest
• Phiar Technologies
• Ridecell
• Smart Eye
• Valerann

For more information about this report visit https://www.researchandmarkets.com/r/75fvpo

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For E.S.T Office Hours Call 1-917-300-0470
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Record fourth quarter propels company past its stated 2021 guidance of $45 million.

WILLISTON, Vt.--(BUSINESS WIRE)--$SIRC #benzinga--iSun, Inc. (NASDAQ: ISUN) (the “Company,” or “iSun a leading solar energy and clean mobility infrastructure company with 50-years of experience accelerating the adoption of innovative electrical technologies, today announced results for the fourth quarter and full-year 2021.

Highlights

• Full year revenue of $45.3 million representing 115% growth over 2020.
• Full year margin improved by 300 basis points from 2020.
• Fourth quarter revenue of $27.0 million compared to $9.3 million in the fourth quarter of 2020, an increase of 190%.
• Fourth quarter gross margin of 21%, an increase of 190 basis points over the same period 2020.
• Total assets increased to $103.7 million in 2021 from $19.6 million in 2020.

Management Commentary

“2021 was a milestone year for iSun,” commented iSun CEO Jeff Peck. “We successfully built a solar service platform capable of addressing the generational opportunity presented by EV adoption and decarbonization. While doing so, we delivered on our promise to grow revenues by more than doubling our 2020 revenues, exceeding our revenue guidance, and increasing shareholder equity by 650%. The fourth quarter 2021 provided our newly assembled leadership team their first opportunity to collaborate, and we are thrilled with the results. We are excited to continue these synergies into 2022, and to seeing what we can accomplish with our platform across a full calendar year.”

Fourth Quarter and Full-Year Results

iSun reported fourth quarter 2021 revenue of $27 million representing a $17.7 million or 190% increase over the same period in the prior year. iSun reported full year 2021 revenue of $45.2 million, a $24.3 million or 115% increase over 2020. Revenue growth was driven by the continued execution of iSun’s Commercial and Industrial project backlog, the addition of a new Professional Services revenue stream and continued deployment of iSun’s EV Infrastructure.

Gross profit in the fourth quarter was $5.6 million compared to $1.8 million during the fourth quarter in the prior year, an increase of 214%. Gross margins for the fourth quarter were 21%, compared to 19.1% during the same period in the prior year. Gross profit for the year was $4.6 million, representing a $3.8 million or 214% increase over 2020. Gross Margin improvements were attributed to iSun’s diversification into new solar segments and services, and improved operating efficiencies.

EBITDA for the fourth quarter of 2021 was a loss of $0.5 million. When adjusted for one-time expenses related to M&A transactions, adjusted EBITDA was $0.9 million.

SunCommon - iSun’s residential division – has customer orders of $19.2 million expected to be completed in the next four to six months, their commercial division has a contracted backlog of approximately $9.3 million expected to be completed within six to eight months, and the industrial and municipal division a contracted backlog of $73.8 million expected to be completed within twelve to 18 months. iSun’s utility division has over 550 MW of projects currently under development. iSun expects the first of these projects to commence development late in the third quarter of 2022.

Total assets increased on December 31, 2021, to $103.7 million from $19.6 million at December 31, 2020. The increase is attributable to numerous strategic investments made throughout 2021 as well as the four acquisitions completed during 2021.

Stockholder equity increase to $60 million at December 31, 2021, compared to $8 million at December 2020.

Outlook

iSun currently remains optimistic about the long-term outlook for the solar industry and its ability to capitalize on such growth. By servicing every segment of the solar marketplace with a comprehensive suite of services and products, iSun is capable of quickly responding to demand fluctuations in any one sector, or supply chain disruptions affecting any one service. iSun continues to study the impacts of recent market developments on each of its divisions and will revise its guidance if it feels there is a need to do so.

Fourth Quarter and Full Year 2021 Conference Call Details

iSun will host a conference call on Monday at 4:30 PM EST to review the Company’s financial results, discuss recent events, and conduct a question-and-answer session. Participants can access the live conference call via telephone at 888-506-0062, using Conference ID #608529. An archived audio replay will be available through Monday, May 2, 2022, at 877-481-4010, Conference ID# 44808.

Interested parties may also listen to the live audio of the conference call via webcast. To listen to a live broadcast, go to the site at least 15 minutes prior to the scheduled start time to register, download, and install any necessary audio software.

Non-GAAP Financial Measures

Included in this presentation are discussions and reconciliations of earnings before interest, income tax and depreciation and amortization (“EBITDA”) and EBITDA adjusted for certain non-cash, non-recurring or non-core expenses (“Adjusted EBITDA”) to net loss in accordance with GAAP. Adjusted EBITDA excludes certain non-cash and other expenses, certain legal services costs, professional and consulting fees and expenses, and one-time Reverse Merger and Recapitalization expenses and certain adjustments. We believe that these non-GAAP measures illustrate the underlying financial and business trends relating to our results of operations and comparability between current and prior periods. We also use these non-GAAP measures to establish and monitor operational goals.

These non-GAAP measures are not in accordance with, or an alternative to, GAAP and should be considered in addition to, and not as a substitute or superior to, the other measures of financial performance prepared in accordance with GAAP. Using only the non-GAAP financial measures, particularly Adjusted EBITDA, to analyze our performance would have material limitations because such calculations are based on a subjective determination regarding the nature and classification of events and circumstances that investors may find significant. We compensate for these limitations by presenting both the GAAP and non-GAAP measures of our operating results. Although other companies may report measures entitled “Adjusted EBITDA” or similar in nature, numerous methods may exist for calculating a company’s Adjusted EBITDA or similar measures. As a result, the methods that we use to calculate Adjusted EBITDA may differ from the methods used by other companies to calculate their non-GAAP measures.

The reconciliations of EBITDA and Adjusted EBITDA to net loss, the most directly comparable financial measure calculated and presented in accordance with GAAP, are shown in the table below:

About iSun Inc.

Since 1972, iSun has accelerated the adoption of proven, life-improving innovations in electrification technology. iSun has been the trusted service provider to Fortune 500 companies for decades and has installed clean rooms, fiber optic cables, flight simulators, and over 600 megawatts of solar systems. Today, iSun is focused on accelerating the adoption of solar energy. The Company provides a comprehensive suite of solar services for each stage of solar development across all segments of the solar marketplace - residential, commercial, industrial & municipal, and utility. Additionally, iSun designs and installs electric vehicle charging solutions for both grid-tied and battery backed solar EV charging systems. iSun believes that the transition to clean, renewable solar energy is the most important investment to make today and is focused on profitable growth opportunities. Please visit http://www.isunenergy.com for additional information.

Forward Looking Statements

This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as "may," "should," "expects," "could," "intends," "plans," "anticipates," "estimates," "believes," "forecasts," "predicts" or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, effective tax rate, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition.

The forward-looking statements included in this press release are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the risk factors described from time to time in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K.

All forward-looking statements included in this press release are based on information currently available to us, and we assume no obligation to update any forward-looking statement except as may be required by law.

IR Contact:
Tyler Barnes
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802-289-8141

NEWBURY PARK, Calif.--(BUSINESS WIRE)--Kolibri Global Energy Inc. (the “Company” or “KEI”) (TSX: KEI, OTCQB: KGEIF) is pleased to announce that the Barnes 7-3H well (98.07% working interest) has averaged over 940 Barrels of oil equivalent per day (BOEPD), of which over 740 barrels are oil, for 30 days. The Company also announces that the Barnes 8-4H well (99.8% working interest) has been successfully completed and is now flowing back the stimulation fluids. Both wells are located in the Company’s Tishomingo field in Oklahoma.

Wolf Regener, President and CEO, commented. “I am thrilled that the Barnes 7-3H well continues to perform exceptionally well. This is the highest producing Caney well that we have ever had due to the knowledge we have gained in this field and a great job of execution by our team. To put the performance of this well in perspective, the 30-day proved forecast curve case initial production rate (IP30) utilized by our third-party engineering firm for our reserve report is 388 BOEPD or 41% of what the Barnes 7-3H IP30 rate is. The initial 30-day type curve utilized by the Company’s management assumes a 472 BOEPD IP30 rate, which is half of the Barnes 7-3H IP30 rate. The Glenn 16-2H well, which was previously our best performing Caney well, had a 630 BOEPD IP30 rate, and it is projected to produce 765,000 barrels of oil equivalents (BOEs) based on our third-party engineering firm estimates”.

“The Barnes 8-4H well completion went very well thanks to the performance of our team with 10.3 million pounds of proppant being placed using the same stimulation design as was used on the Barnes 7-3H. The well is now flowing back the stimulation fluids, and we will share production rates with the market over the coming weeks. While the Barnes 8-4H well completion design and execution has been similar to the Barnes 7-3H well, we do not need rates as high as the Barnes 7-3H to make excellent wells. For example, if the Barnes 8-4H well performance matches the type curve utilized by the Company’s management, the well would be projected to generate a 145% Internal Rate of Return at a $100 a barrel oil price.”

We look forward to bringing on the additional new unhedged production at the current $100 a barrel oil price, which would add significant additional cash flow assuming the type curve utilized by the Company’s management is achieved.”

About Kolibri Global Energy Inc.

Kolibri Global Energy Inc. is an international energy company focused on finding and exploiting energy projects in oil, gas, and clean and sustainable energy. Through various subsidiaries, the Company owns and operates energy properties in the United States. The Company continues to utilize its technical and operational expertise to identify and acquire additional projects. The Company's shares are traded on the Toronto Stock Exchange under the stock symbol KEI and on the OTCQB under the stock symbol KGEIF.

Cautionary Statements

In this news release and the Company’s other public disclosure: The references to barrels of oil equivalent ("Boes") reflect natural gas, natural gas liquids and oil. Boes may be misleading, particularly if used in isolation. A Boe conversion ratio of 6 Mcf:1 Bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. Given that the value ratio based on the current price of crude oil as compared to natural gas is significantly different from the energy equivalency of 6:1, utilizing a conversion on a 6:1 basis may be misleading as an indication of value. Possible reserves are those additional reserves that are less certain to be recovered than probable reserves. There is a 10% probability that the quantities actually recovered will equal or exceed the sum of proved plus probable plus possible reserves. The type curve utilized by the Company’s management is the average of the 7 Caney wells that are located in the Corridor (well names can be found on the Company’s Corporate presentation), with lateral lengths normalized to a 4,900 ft lateral length, the other assumptions are the same as in the Company’s December 31, 2021 independent reserves evaluation.

Readers should be aware that references to initial production rates and other short-term production rates are preliminary in nature and are not necessarily indicative of long-term performance or of ultimate recovery. Readers are referred to the full description of the results of the Company's December 31, 2021 independent reserves evaluation and other oil and gas information contained in its Form 51-101F1 Statement of Reserves Data and Other Oil and Gas Information for the year ended December 31, 2021, which the Company filed on SEDAR on March 8, 2022.

Caution Regarding Forward-Looking Information

Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws and “forward-looking statements” within the meaning of United States securities laws (collectively, “forward looking information”), including statements regarding the timing of and expected results from planned wells development, the expected timing to finish completion operations, the expected timing of stabilized production rates, a projected Internal Rate of Return, $100 a barrel oil price, and the Company bringing on additional new production with unhedged current pricing of over $100 per barrel. Forward-looking information is based on plans and estimates of management and interpretations of data by the Company's technical team at the date the data is provided and is subject to several factors and assumptions of management, including that that indications of early results are reasonably accurate predictors of the prospectiveness of the shale intervals, management’s assumption of a 472 BOEPD IP30 rate for the initial 30-day type curve, $100 a barrel oil price, that required regulatory approvals will be available when required, that no unforeseen delays, unexpected geological or other effects, including flooding and extended interruptions due to inclement or hazardous weather conditions, equipment failures, permitting delays or labor or contract disputes are encountered, that the necessary labor and equipment will be obtained, that the development plans of the Company and its co-venturers will not change, that the offset operator’s operations will proceed as expected by management, that the demand for oil and gas will be sustained, that the price of oil will be sustained or increase, that the Company will continue to be able to access sufficient capital through financings, farm-ins or other participation arrangements to maintain its projects, and that global economic conditions will not deteriorate in a manner that has an adverse impact on the Company's business, its ability to advance its business strategy and the industry as a whole. Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Factors that could cause the forward-looking information in this news release to change or to be inaccurate include, but are not limited to, the risk that any of the assumptions on which such forward looking information is based vary or prove to be invalid, including that the Company or its subsidiaries is not able for any reason to obtain and provide the information necessary to secure required approvals or that required regulatory approvals are otherwise not available when required, that unexpected geological results are encountered, that equipment failures, permitting delays, labor or contract disputes or shortages of equipment or labor are encountered, the risks associated with the oil and gas industry (e.g. operational risks in development, exploration and production; delays or changes in plans with respect to exploration and development projects or capital expenditures; the uncertainty of reserve and resource estimates and projections relating to production, costs and expenses, and health, safety and environmental risks, including flooding and extended interruptions due to inclement or hazardous weather conditions), the risk of commodity price and foreign exchange rate fluctuations, that the offset operator’s operations have unexpected adverse effects on the Company’s operations, that completion techniques require further optimization, that production rates do not match the Company’s assumptions, that very low or no production rates are achieved, that the price of oil will decline, that the Company is unable to access required capital, that occurrences such as those that are assumed will not occur, do in fact occur, and those conditions that are assumed will continue or improve, do not continue or improve, and the other risks and uncertainties applicable to exploration and development activities and the Company's business as set forth in the Company's management discussion and analysis and its annual information form, both of which are available for viewing under the Company's profile at www.sedar.com, any of which could result in delays, cessation in planned work or loss of one or more concessions and have an adverse effect on the Company and its financial condition. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.

Wolf E. Regener +1 (805) 484-3613
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.kolibrienergy.com

Planned Meetings through May also listed

HOUSTON--(BUSINESS WIRE)--The Port Commission of the Port of Houston Authority will hold its regular monthly meeting on Tuesday, April 26, 2022. It will be conducted as a hybrid meeting and will start at 9:15 a.m. The Commissioners, executive leadership, and legal counsel will be present in the boardroom of the Port Authority Executive Office Building, located at 111 East Loop North, Houston, TX 77029.

The meeting is open to the public to attend. However, the meeting can also be accessed virtually via WebEx webinar.

The agenda and the instructions to access Port Houston public meetings are available at https://porthouston.com/leadership/public-meetings/.

Please note the following upcoming planned Port Houston public meetings (subject to change):

Sign up for public comment is available up to an hour before these meetings by contacting Erik Eriksson at This email address is being protected from spambots. You need JavaScript enabled to view it. or Liana Christian at This email address is being protected from spambots. You need JavaScript enabled to view it..

About Port Houston

For more than 100 years, Port Houston has owned and operated the public wharves and terminals along the Houston Ship Channel – the nation’s largest port for waterborne tonnage and an essential economic engine for the Houston region, the state of Texas, and the U.S. nation. The more than 200 private and eight public terminals along the federal waterway supports the creation of nearly 1.35 million jobs in Texas and 3.2 million jobs nationwide, and economic activity totaling $339 billion in Texas – 20.6% of Texas’ total gross domestic product (GDP) – and a total of $801.9 billion in economic impact across the nation. For more information, visit the website: https://porthouston.com/.

Lisa Ashley-Daniels, Director, Media Relations, Port Houston
Office: 713-670-2644; Mobile: 832-247-8179; E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

• CEMEX has joined a consortium that will combine hydrogen and CO₂ into sustainable fuel for the aviation industry.
• CEMEX joins forces with Sasol and ENERTRAG in this milestone project.
• The consortium is part of a series of efforts to turn CEMEX’s Rüdersdorf plant into the first-ever net-zero CO₂ cement plant.

MONTERREY, Mexico--(BUSINESS WIRE)--CEMEX, S.A.B. de C.V. (“CEMEX”) continues its path to a net-zero future by joining forces with integrated chemicals and energy company Sasol ecoFT and renewable energy company ENERTRAG in a milestone project that will combine CO₂ with hydrogen to produce sustainable aviation fuel. This project is part of CEMEX's Future in Action program to reduce its carbon footprint and contribute to a circular economy and an integral component of CEMEX’s master plan to develop a carbon neutral operation at its Rüdersdorf cement plant by 2030.

The consortium will source green hydrogen generated exclusively from wind and solar energy from ENERTRAG. The CO₂ will come from CEMEX’s Rüdersdorf cement plant in Germany, which will provide 100 tons of CO₂ per day in the project’s initial stages. Sasol ecoFT will then contribute its innovative technology to produce e-kerosene, which, once certified, can be blended to constitute up to 50% of jet fuel.

“We are excited to be part of this groundbreaking project that will contribute to the decarbonization of two of the world’s key industries,” said Fernando A. Gonzalez, CEO of CEMEX. “The path to carbon neutrality will be built with innovation, and we remain committed to being at the forefront in developing new circular technologies and processes.”

Sixty per cent of the carbon emissions in the cement production process come from the chemical reaction that occurs in cement kilns. To reach carbon neutrality, these emissions must be captured, stored, or repurposed in some way. CEMEX is leading the way in these technologies through partnerships with other industries, the work of its R&D center, and investments from its venture capital arm, CEMEX Ventures.

The Rüdersdorf carbon neutral alliance includes over 20 startups, universities, companies from other industries, and authorities working to develop industrial-scale solutions using leading-edge technologies to achieve the first carbon-neutral cement plant in the world.

About ENERTRAG
ENERTRAG is a renewable-energy company based in Brandenburg, Germany. ENERTRAG develops, builds, owns, and operates utility-scale integrated energy plants in ten countries globally. ENERTRAG’s plants produce reliable electricity and green hydrogen exclusively from wind and sun. This is also the company’s role in the Concrete Chemicals consortium.

About Sasol ecoFT
Sasol ecoFT is part of the Sasol Group and world-leader in the development and application of the Fischer-Tropsch (FT) technology with more than 70 years’ experience. Sasol ecoFT leverages it proprietary technology, know-how and expertise to produce sustainable fuels and chemicals from green hydrogen and sustainable carbon sources, via the Power-to-Liquids (PtL) process. By deploying sustainable FT solutions globally, the company contributes to a thriving planet, society, enterprise and innovate for a better world.

About CEMEX
CEMEX (NYSE: CX) is a global construction materials company that is building a better future through sustainable products and solutions. CEMEX is committed to achieving carbon neutrality through relentless innovation and industry-leading research and development. CEMEX is at the forefront of the circular economy in the construction value chain and is pioneering ways to increase the use of waste and residues as alternative raw materials and fuels in its operations with the use of new technologies. CEMEX offers cement, ready-mix concrete, aggregates, and urbanization solutions in growing markets around the world, powered by a multinational workforce focused on providing a superior customer experience, enabled by digital technologies. For more information, please visit: cemex.com

CEMEX assumes no obligation to update or correct the information contained in this press release. This press release contains forward-looking statements within the meaning of the U.S. federal securities laws. CEMEX intends these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in the U.S. federal securities laws. These forward-looking statements reflect CEMEX’s current expectations and projections about future events based on CEMEX’s knowledge of present facts and circumstances and assumptions about future events, as well as CEMEX’s current plans based on such facts and circumstances. These statements necessarily involve risks and uncertainties that could cause actual results to differ materially from CEMEX’s expectations. The content of this press release is for informational purposes only, and you should not construe any such information or other material as legal, tax, investment, financial, or other advice. CEMEX is not responsible for the content of any third-party website or webpage referenced to or accessible through this press release.

Media Relations
Jorge Pérez
+52 (81) 8259-6666
This email address is being protected from spambots. You need JavaScript enabled to view it.

Analyst and Investor Relations
Alfredo Garza / Fabián Orta
+1 (212) 317-6011
+52 (81) 8888-4327
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SEATTLE--(BUSINESS WIRE)--Convoy, the nation’s leading digital freight network, today announced that Sonia Jain has been appointed Chief Financial Officer, effective April 25, 2022. Jain will assume the role from Convoy’s President & Chief Operating Officer, Mark Okerstrom, who has served as acting CFO since December 2020. In this role, Jain will leverage her 15+ years of experience in finance leadership and strategy roles to oversee Convoy’s finance function. Jain will report directly to Mark Okerstrom.

Jain joins Convoy from Cars.com (NYSE: CARS), where she has been Chief Financial Officer since 2020. Sonia has extensive expertise in accounting, finance & analytics, treasury, investor relations and strategic planning. Prior to joining Cars.com, Jain spent 10 years with Redbox/Outerwall and prior to that spent several years at both Morgan Stanley and McKinsey & Company. During her tenure as Redbox’s finance chief, Sonia was instrumental in the company’s acquisition by Apollo Global Management and played a critical leadership role in the successful launch of its Redbox On Demand online video store.

“We’re so excited to have Sonia join Convoy as our Chief Financial Officer,” said Mark Okerstrom, President & COO of Convoy. “Sonia’s hands-on, operational-finance capabilities together with her strategic finance leadership experience in both private and public company contexts make her the ideal choice to lead Convoy’s finance function through our next chapter of growth. I look forward to partnering with Sonia as Convoy continues to lead the digital transformation of freight.”

“Convoy has a massive market opportunity and a world-class team that I am excited and honored to be joining," said Sonia Jain, incoming Convoy Chief Financial Officer. “Convoy’s mission is big and never more important than it is today - to transport the world with endless capacity and zero waste. That mission combined with the company’s values, its incredible team and the opportunity to help Convoy achieve its enormous growth potential, drove me to jump at the opportunity to join the team.”

About Convoy
Convoy is the nation’s leading digital freight network. We move thousands of truckloads around the country each day through our optimized, connected network of carriers, saving money for shippers, increasing earnings for drivers, and eliminating carbon waste for our planet. We use technology and data to solve problems of waste and inefficiency in the $800B trucking industry, which generates over 87 million metric tons of wasted CO2 emissions from empty trucks. Fortune 500 shippers like Anheuser-Busch, P&G, Niagara, and Unilever trust Convoy to lower costs, increase logistics efficiency, and achieve environmental sustainability targets.

Media Contact:
Sarah Bergstrom-Leach
425-381-0665

CALGARY, Alberta--(BUSINESS WIRE)--(TSE: IMO, NYSE American: IMO) Brad Corson, chairman, president and chief executive officer, and Dave Hughes, vice-president, investor relations, Imperial Oil Limited, will host a 2022 First Quarter Earnings Call on Friday, April 29, following the company’s first quarter earnings release that morning. The event begins at 9 a.m. MT and will be accessible by webcast.

During the call, Mr. Corson will offer brief remarks prior to taking questions from Imperial’s covering analysts.

Please click here [https://edge.media-server.com/mmc/p/2z9q5qtx] to register for the live webcast. The webcast will be available for one year on the company’s website at www.imperialoil.ca/en-ca/company/investors.

Source: Imperial

After more than a century, Imperial continues to be an industry leader in applying technology and innovation to responsibly develop Canada’s energy resources. As Canada’s largest petroleum refiner, a major producer of crude oil, a key petrochemical producer and a leading fuels marketer from coast to coast, our company remains committed to high standards across all areas of our business.

Investor relations
(587) 476-4743

Media relations
(587) 476-7010

TAIPEI, Taiwan--(BUSINESS WIRE)--E.SUN FHC, taking the initiative to follow the international trend and achieve the goals of COP26, announced coal phase-out by 2035 on April 11. This policy applies to all E.SUN FHC subsidiaries and overseas locations and encompasses actively managing carbon emissions from financial assets, increasing green assets, reducing gray assets in investment and financing, and promoting social energy transformation and global climate goals through the allocation of financial resources.

E.SUN FHC addresses companies with more than 5% of their revenue from business activities in coal and unconventional oil & gas — the former includes coal-fired power, coal mining and infrastructure, coal trading, and coal transport; the latter includes tar sands, shale oil & gas, Arctic oil & gas, ultra-deep-water oil & gas, and liquefied natural gas from unconventional fossil fuels. Excluding the funds earmarked to assist these companies in carbon reduction, E.SUN FHC will have no exposure including investing and financing to coal and unconventional oil & gas industries by the end of 2035. Bonds sold to customers that involve companies related to coal and unconventional oil & gas will all be labeled by the end of 2030 and will cease to be sold by the end of 2035.

In a statement of Magi Chen (陳美滿), President and Chief Sustainability Officer of E.SUN FHC, the Company stopped financing coal-fired power plant projects in 2019 and is further committed to phase-out of coal and unconventional oil & gas industries. This is a significant milestone for the Company on the road to net zero. The Company hopes to leverage the influence of the financial sector to assist the global energy system with coal phase-out. E.SUN FHC obtained approved target notice from the Science Based Targets initiative (SBTi) this February, and is the first financial institution in Taiwan and the second in Asia to complete the SBTi target review. To achieve the SBTi targets, E.SUN FHC has not only gradually changed the policies and procedures of its investment and financing business, but also provides consulting services for companies it has dealing with on shift to sustainable development and carbon reduction. E.SUN FHC encourages companies to conduct carbon inventories and set carbon reduction targets. Companies that apply for sustainability linked loans and achieve their carbon reduction targets can also enjoy preferential loan rates.

Public Relations, E.SUN FHC
Virginia Lin
This email address is being protected from spambots. You need JavaScript enabled to view it.
(+8862)2175-1335