DUBLIN--(BUSINESS WIRE)--The "Solar PV Inverters Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)" report has been added to ResearchAndMarkets.com's offering.

The solar PV inverters market is expected to register a CAGR of more than 8% during the forecast period, 2022 - 2027.

Companies Mentioned

• ABB Ltd
• Schneider Electric SE
• Siemens AG
• Mitsubishi Electric Corporation
• Omron Corporation
• General Electric Company
• SMA Solar Technology AG
• Delta Energy Systems Inc.
• Enphase Energy Inc.
• SolarEdge Technologies Inc.
• Huawei Technologies Co. Ltd

Key Market Trends

Central Inverters Segment to Witness Growth

• Central inverters are highly efficient, and they are compatible with distinct features of the grid-like fluctuation management, balancing, etc. These inverters are generally huge and have their storage room, exhaust system, etc. These inverters are ideal for large commercial installations, industrial facilities, or utility-scale solar farms. However, their much smaller counterpart, string inverters, is sufficient for fulfilling household energy requirements for residential applications.
• The central inverter possesses several advantages over the other inverters, making them more attractive than others like string and microinverters. The investment for central inverters is less per watt than string or microinverters due to the fewer components and connections with low installation costs. Central inverters are housed in protective environments, decreasing the risk of failure by being exposed to the harsh environment. However, central inverters have a few negative points, which can hinder their growth over other inverters, but the situation is expected to get better in the near future.
• The shift from the conventional inverter to string inverter in the market can be observed in the increase in the number of project planners and developers considering using string inverters with a central architecture design. This is an approach that Sungrow has called the virtual central inverter concept, which brings together 1,500-volt string inverters, and the centralized command and control usually seen with central inverters.
• For instance, in January 2022, Sungrow launched a new 1+X central modular inverter with an output of 1.1MW that can connect to energy storage systems. The 1+X modular inverter can be stacked into eight units to reach a power of 8.8MW and features a DC/ESS interface for the connection of energy storage systems (ESS).
• Such developments are likely to increase the demand for the central inverters segment, thus contributing to significant growth for the solar PV inverters market during the forecast period.

Asia-Pacific to Dominate the Market

• The Asia-Pacific region dominated the solar PV inverter market in 2021, and it is expected to continue its dominance over the coming years. Most of the demand is expected to come from China, which is also the largest producer of solar energy in the world.
• In China, there has been an increased emphasis on solar inverters over the years, providing Zero-voltage Ride Through (ZVRT) scheme. To meet the scheme norms, the solar PV power plants must continue to operate without breaking. This is even more significant as the country hosts the largest amount of solar power generation globally.
• With the rising pollution concerns worldwide due to industrialization, especially in Asia-Pacific, regional solar power generation has gained considerable momentum. As part of the Paris Agreement commitments, the Government of India set an ambitious target of achieving 175 GW of renewable energy capacity by 2022. Out of the 175 GW, 100 GW was earmarked for solar capacity with 40 GW (40%), which was expected to be achieved through decentralized and rooftop-scale solar projects. To achieve this huge target, the government launched several new programs in 2019, like the solar rooftop phase-2, PM-KUSUM, and the development of ultra mega renewable energy power parks (UMREPPs).
• India's solar potential is more than 750 GW, and the country's energy security scenario 2047 shows a possibility of achieving around 479 GW of solar PV installed capacity by 2047. The solar power in India, bestowed with high solar irradiance, has already achieved grid parity that encourages the adoption of solar power as a mainstream energy source, pushing forward the capacity installations in the utility-scale and rooftop solar segments.

Key Topics Covered:

1 INTRODUCTION

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY

4 MARKET OVERVIEW

4.1 Introduction

4.2 Market Size and Demand Forecast in USD billion, till 2027

4.3 Recent Trends and Developments

4.4 Government Policies and Regulations

4.5 Market Dynamics

4.5.1 Drivers

4.5.2 Restraints

4.6 Supply Chain Analysis

4.7 Porter's Five Forces Analysis

5 MARKET SEGMENTATION

5.1 Inverter Type

5.1.1 Central Inverters

5.1.2 String Inverters

5.1.3 Micro Inverters

5.2 Application

5.2.1 Residential

5.2.2 Commercial and Industrial

5.2.3 Utility-scale

5.3 Geography

5.3.1 North America

5.3.2 Europe

5.3.3 Asia-Pacific

5.3.4 South America

5.3.5 Middle-East and Africa

6 COMPETITIVE LANDSCAPE

6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

6.2 Strategies Adopted by Leading Players

6.3 Company Profiles

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/npr1ca

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

--Capstone will help achieve customer’s CO2 emissions and cost reduction goals--

VAN NUYS, Calif.--(BUSINESS WIRE)--$CGRN #Bitcoin--Capstone Green Energy Corporation’s (NASDAQ: CGRN), exclusive distributor for the Mid-Atlantic and Southeastern US and the Caribbean, E-Finity Distributed Generation, has secured a new long-term Energy-as-a-Service (EaaS) contract with a cryptocurrency mining company looking to reduce its impact on the environment. This business expansion demonstrates progress on the Company's vision to create smarter energy for a cleaner future and builds on its track record of saving its customers an estimated $698 million in annual energy savings, and reducing CO2 emissions by more than 1,115,100, in the past three years alone.

Cryptocurrency mining is a fast-growing industry and involves specialized computers used to compute complex mathematical puzzles. Powering and cooling the processing units is extremely energy intensive. This cryptocurrency mining company will use Capstone Green Energy’s Energy-as-a-Service to generate more efficient and cleaner electricity to power its remote data center operations. Capstone Green Energy’s Energy-as-a-Service includes a low emission and quiet microturbine providing data center quality power, unit maintenance and 24/7 system monitoring at a fixed price for the length of the contract.

The customer, which mines large volumes of cryptocurrency, approached E-Finity wanting to take advantage of existing on-site production waste gas that would otherwise go unused. Because Capstone microturbines are designed to offer fuel flexibility, the system will use the waste gas, a benefit that not only reduces emissions but also offers operational savings. The Capstone microturbines generate electricity that is already substantially lower in emissions and cost from most grid power. Using energy that would otherwise be wasted brings even greater environmental and economic benefits to the project. Further, the added reliability and low maintenance requirements of microturbine-based systems make them ideal for remote locations, which can be hard to reach and often deal with challenging climate conditions.

“This new cryptocurrency mining customer has a proven track record of utilizing off-grid, stranded natural gas resources to generate low-cost energy to fuel their mining operations. Using Capstone's Energy-as-a-Service should allow them to achieve CO2 reduction goals while providing exceptional uptime by utilizing highly reliable, low emission natural gas-fueled microturbines,” said Darren Jamison, President and Chief Executive Officer of Capstone Green Energy.

Capstone is seeing new growth as the cryptocurrency mining industry, and other growing energy intensive industries, take progressive steps that will allow them to lower their environmental impact, maintenance costs and time spent managing their energy supply, while also increasing power reliability.

“Our track record of successful operations in remote oil and gas locations across the Mid-Atlantic and the data center quality power generated by the microturbine-based systems was key to our customer’s decision to deploy the three megawatt Capstone systems,” said Jeff Beiter, Managing Partner of E-Finity Distributed Generation. “Capstone’s Energy-as-a-Service provides peace of mind for customers who are looking to reduce energy costs, receive stable high-quality power, ensure ongoing monitoring and maintenance, and limit their impact on the environment, all for a fixed price.”

About Capstone Green Energy

Capstone Green Energy (www.CapstoneGreenEnergy.com) (NASDAQ: CGRN) is a leading provider of customized microgrid solutions and on-site energy technology systems focused on helping customers around the globe meet their environmental, energy savings, and resiliency goals. Capstone Green Energy focuses on four key business lines. Through its Energy as a Service (EaaS) business, it offers rental solutions utilizing its microturbine energy systems and battery storage systems, comprehensive Factory Protection Plan (FPP) service contracts that guarantee life-cycle costs, as well as aftermarket parts. Energy Conversion Products are driven by the Company's industry-leading, highly efficient, low-emission, resilient microturbine energy systems offering scalable solutions in addition to a broad range of customer-tailored solutions, including hybrid energy systems and larger frame industrial turbines. The Energy Storage Products business line designs and installs microgrid storage systems creating customized solutions using a combination of battery technologies and monitoring software. Through Hydrogen Energy Solutions, Capstone Green Energy offers customers a variety of hydrogen products, including the Company's microturbine energy systems.

For customers with limited capital or short-term needs, Capstone offers rental systems; for more information, contact: This email address is being protected from spambots. You need JavaScript enabled to view it.. To date, Capstone has shipped over 10,000 units to 83 countries and estimates that, in FY21, it saved customers over $217 million in annual energy costs and approximately 397,000 tons of carbon. Total savings over the last three years are estimated at 1,115,100 tons of carbon and $698 million in annual energy savings.

For more information about the Company, please visit: www.CapstoneGreenEnergy.com. Follow Capstone Green Energy on Twitter, LinkedIn, Instagram, Facebook, and YouTube.

Cautionary Note Regarding Forward-Looking Statements

This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements regarding expectations for green initiatives and execution on the Company's growth strategy and other statements regarding the Company's expectations, beliefs, plans, intentions, and strategies. The Company has tried to identify these forward-looking statements by using words such as "expect," "anticipate," "believe," "could," "should," "estimate," "intend," "may," "will," "plan," "goal" and similar terms and phrases, but such words, terms and phrases are not the exclusive means of identifying such statements. Actual results, performance and achievements could differ materially from those expressed in, or implied by, these forward-looking statements due to a variety of risks, uncertainties and other factors, including, but not limited to, the following: the ongoing effects of the COVID-19 pandemic; the availability of credit and compliance with the agreements governing the Company's indebtedness; the Company's ability to develop new products and enhance existing products; product quality issues, including the adequacy of reserves therefor and warranty cost exposure; intense competition; financial performance of the oil and natural gas industry and other general business, industry and economic conditions; the Company's ability to adequately protect its intellectual property rights; and the impact of pending or threatened litigation. For a detailed discussion of factors that could affect the Company's future operating results, please see the Company's filings with the Securities and Exchange Commission, including the disclosures under "Risk Factors" in those filings. Except as expressly required by the federal securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, changed circumstances or future events or for any other reason.

Capstone Green Energy
Investor and investment media inquiries:
818-407-3628
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DUBLIN--(BUSINESS WIRE)--The "Residential Solar Energy Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)" report has been added to ResearchAndMarkets.com's offering.

The residential solar energy market is expected to register a CAGR of more than 10.5% during the forecast period of 2022 -2027.

Companies Mentioned

• Trina Solar Co., Ltd.
• Yingli Green Energy Holding Company Limited
• Canadian Solar Inc.
• JinkoSolar Holding Co., Ltd
• JA Solar Holdings Co Ltd
• Sharp Corporation
• ReneSola Ltd.
• Hanwha Q Cells Co., Ltd.
• SunPower Corporation
• Tesla, Inc.

Key Market Trends

Increasing Rooftop Solar Installations to Drive the Market

• The increasing adoption of solar PV systems in the residential sector is primarily driven by expected savings in electricity costs, the need for an alternative source of electricity, and the desire to mitigate climate change risk.
• During the forecast period, the demand for rooftop solar PV is expected to increase, on account of decreasing solar PV costs, supportive government policies for residential solar PV, FIT programs and incentives, and targets set by various governments for solar energy.
• The cost of electricity for residential rooftop solar PV applications has witnessed a rapid decline in recent years. The declining cost has resulted in a massive increase in the residential PV capacity globally. Many countries are increasing there residential rooftop targets favoring to this. For instance, in India, Ministry of New and Renewable Energy is aiming for 4 GW of residential PV installations by 2022.
• Furthermore, in the United States alone, the annual residential PV capacity increased significantly from 2.8 GW in 2019 to 3.1 GW in 2020. The capacity is further expected to increase in the coming years.
• The cost reductions are driven by continuous technological improvements, including higher solar PV module efficiencies. The industrialization of these highly modular technologies has yielded impressive benefits, from economies of scale and greater competition to improved manufacturing processes and competitive supply chains.
• All the above-mentioned factors have been driving the demand for residential solar energy over the study period.

Asia-Pacific to Dominate the Market

• Asia-Pacific has accounted for more than 30% of the global residential solar PV market and is expected to continue its dominance during the forecast period as well.
• In India, the residential PV installation cost is at USD 1000 per KW, which is higher when compared to its commercial counterpart (USD 692 per KW). However, the Indian costs of installations are cheaper when compared to the global installations i.e., average for both residential (USD 1638 per KW) and commercial (USD 1379 per KW).
• Moreover, China's Ministry of Finance (MOF) has allocated the total subsidy for solar PV in 2020, which is amounted to about CNY 1.5 billion (USD214 million), and CNY 500 million of this fund is allocated for residential rooftop PV only. Moreover, the subsidy budget was slashed by 50% from CNY 3 billion (in 2019).
• Moreover, in 2017, the South Korean government decided that in Seoul, the country's capital, it will implement solar panels in one-third of all the households by 2022. This, in turn, is expected to increase the country's existing residential solar capacity in the coming years. According to the plan, all new buildings would be required to install solar PV. Meanwhile, the existing buildings would be offered incentives to opt for solar PV. Furthermore, it is estimated that about 1 million solar power systems would be deployed in Seoul by 2022, among the 630,000 apartment verandas, 150,000 houses, and 220,000 buildings.
• Owing to the above-mentioned factors, the demand for residential solar energy is expected to increase over the forecast period in the Asia-Pacific region.

Key Topics Covered:

1 INTRODUCTION

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY

4 MARKET OVERVIEW

4.1 Introduction

4.2 Renewable Energy Mix, Global, 2020

4.3 Residential Solar Energy Installed Capacity and Forecast, in GW, till 2027

4.4 Recent Trends and Developments

4.5 Government Policies and Regulations

4.6 Market Dynamics

4.6.1 Drivers

4.6.2 Restraints

4.7 Supply Chain Analysis

4.8 Porter's Five Forces Analysis

5 MARKET SEGMENTATION - BY GEOGRAPHY

5.1 North America

5.2 Europe

5.3 Asia-Pacific

5.4 South America

5.5 Middle-East and Africa

6 COMPETITIVE LANDSCAPE

6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

6.2 Strategies Adopted by Leading Players

6.3 Company Profiles

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/m4eng3

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.

For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

MILPITAS, Calif.--(BUSINESS WIRE)--SolarEdge Technologies, Inc. (Nasdaq: SEDG), a global leader in smart energy technology, will webcast its 2022 Investor/Analyst Day on Tuesday, March 29, 2022.

Management will share details about the Company’s strategy, market trends across the world, product and technology roadmap as well as operational and financial plans.

A live webcast, beginning at 9:15 AM ET will be available in the Investor Relations section of SolarEdge’s website at: https://investors.solaredge.com/events. Presentations will conclude at approximately 3:30 PM ET. A replay of the webcast will be available approximately two hours after the conclusion of the event and remain available for approximately 30 calendar days.

About SolarEdge
SolarEdge is a global leader in smart energy technology. By leveraging world-class engineering capabilities and with a relentless focus on innovation, SolarEdge creates smart energy solutions that power our lives and drive future progress. SolarEdge developed an intelligent inverter solution that changed the way power is harvested and managed in photovoltaic (PV) systems. The SolarEdge DC optimized inverter seeks to maximize power generation while lowering the cost of energy produced by the PV system. Continuing to advance smart energy, SolarEdge addresses a broad range of energy market segments through its PV, storage, EV charging, batteries, UPS, electric vehicle powertrains, and grid services solutions. SolarEdge is online at www.solaredge.com

Investor Contacts
SolarEdge Technologies, Inc.
Ronen Faier, Chief Financial Officer
+1 510-498-3263
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Sapphire Investor Relations, LLC
Erica Mannion and Michael Funari
+1 617-542-6180
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DUBLIN--(BUSINESS WIRE)--The "North America IoT in Oil & Gas Market, By Industry Stream (Upstream, Downstream, Midstream), By Solution (Sensor System, Communication & Networks, Data Management, Others), By Application, By Country, Competition Forecast & Opportunities, 2017-2027" report has been added to ResearchAndMarkets.com's offering.

North America IoT in oil and gas market value in the base year 2021 was USD7.30 billion, and it is anticipated to further grow with 12.16% CAGR during the forecast period, 2023-2027, to achieve a market value of USD14.72 billion by 2027F.

Surging demand for sensor-based tank monitoring, decreasing the safety risks related to the oil and gas industry and its working, is driving the growth of the North America IoT in Oil and Gas market in the upcoming five years. Also, the increased incorporation of internet and cloud-based services for the functioning of equipment, devices, and recording data, is also supporting the growth of the North America IoT in oil and gas market in the next five years.

Additionally, the growing trend of smart industries and efficient functioning demands technological advancements. Increasing research and development of smart technologies and their incorporation in technically sound devices are also major reasons for the growth of the North America IoT in Oil & Gas market in the future five years.

Moreover, developed countries like the United States have a large number of oil wells and reservoirs. The rapidly growing number of oil reservoirs is also aiding the market's growth.

Furthermore, advantages like better field communication, reduced costs of maintenance, real-time monitoring, digital oil-field infrastructure, reduced power consumption, mine automation, greater safety and security of assets to increase the productivity of each oil reservoir, further substantiates the growth of the North America IoT in Oil and Gas Market in the forecast years.

Upstream industries are anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years on account of increasing number of companies involved in identifying, extracting, or producing raw materials.

Moreover, increasing demand for the oil and gas from various end use industries and higher demand for the internet-based services to explore potential reservoirs of oil, are also driving the growth of the North America IoT in oil and gas market in the next five years.

Major market players in the North America IoT in Oil & Gas Market:

• IBM Corporation
• Microsoft Corporation
• Honeywell International Inc.
• Rockwell Automation Inc.
• Intel Corporation
• C3.ai, Inc.
• Adobe Inc.
• Cisco Systems Inc.
• Equinor ASA
• ABB Ltd.
• Siemens USA

Report Scope:

Years considered for this report:

• Historical Years: 2017-2020
• Base Year: 2021
• Estimated Year: 2022
• Forecast Period: 2023-2027

North America IoT in Oil & Gas Market, By Industry Stream:

• Upstream
• Midstream
• Downstream

North America IoT in Oil & Gas Market, By Solution:

• Sensor System
• Communication & Networks
• Data Management
• Others

North America IoT in Oil & Gas Market, By Application:

• Fleet & Asset Management
• Preventive Maintenance
• Pipeline Monitoring
• Security Monitoring
• Others

North America IoT in Oil & Gas Market, By Country:

• United States
• Canada
• Mexico

For more information about this report visit https://www.researchandmarkets.com/r/u34kx2

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
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Solving The Most Demanding Temperature Control Applications

MT. LAUREL, N.J.--(BUSINESS WIRE)--inTEST Corporation (NYSE American: INTT), a global supplier of innovative test and process solutions for use in manufacturing and testing in key target markets which include automotive, defense/aerospace, industrial, life sciences, security, and semiconductor, today announced its thermal segment subsidiary, inTEST Thermal Solutions (iTS), engineered the next generation of ThermoStream^® Systems and introduced the new North Sciences brand, born from products obtained through the acquisition of Z-Sciences in October 2021.

“Our customers rely on our expertise in precision temperature control, and we believe these quality products solve their challenging problems,” commented Nick Grant, inTEST President & CEO. “Our new North Sciences line of products offers a broad array of solutions for customers that need a variety of options, greater reliability, and superior protection for their cold storage needs.”

The all-new Eco-friendly Thermal Test Systems, the ThermoStream^® ECO 560 and 660, are designed for 24/7, 365-day use in production or lab environments where small footprint, low audible noise, less heat dissipation, and lower energy usage are desirable. The ECO Series operates on an energy-efficient, 20 amp, 200-230V 50/60Hz circuit with proprietary technology delivering quiet, smooth sounding operation with swift, precise temperature transitions from -60°C to 200°C. The ECO system also eliminates the time and expense required to perform annual leak testing, because its gas charge is below the CO2 equivalent limit for greenhouse gas emissions as specified in the EU 517/2014 regulation.

The North Sciences brand was launched after products acquired from Z-Sciences were enhanced with multiple advancements including a variety of ergonomic and performance developments, along with state of the art controls technology. The brand offers a line of cold storage products, including biomedical freezers, vaccine refrigerators, blood bank and Ultra Low Temperature (ULT) freezers serving the biomedical and life sciences markets for temperatures ranging from -86°C to +10°C. These products are ideal for hospitals, research labs, and customers needing reliability, redundancy, uniformity, and sample security. North Sciences refrigeration units with innovative Twincore^™ technology are extremely reliable, providing 100% redundancy even if a compressor fails, with industry-leading uniformity of +/-2.5°C, Energy Star certification, and EPA-rated natural refrigerants. North Sciences cold storage products range from small and portable to powerful and large-storage that cover the entire range of cold chain response for critical material storage.

iTS has been solving the most demanding temperature control applications for over 50 years. With global recognition for expertise in precise control of extreme environmental conditions, from -185°C to +500°C and rapid transitions, the breadth of iTS products and in-house engineering capabilities offers a single-partner-solution for thermal test, process cooling, and cold storage needs. The iTS family includes four product brands: Temptronic, Sigma Systems, Thermonics, and North Sciences.

About inTEST Corporation

inTEST Corporation is a global supplier of innovative test and process solutions for use in manufacturing and testing in target markets which include automotive, defense/aerospace, industrial, life sciences, and security, as well as both the front-end and back-end of the semiconductor manufacturing industry. Backed by decades of engineering expertise and a culture of operational excellence, inTEST solves difficult thermal, mechanical, and electronic challenges for customers worldwide while generating strong cash flow and profits. inTEST’s strategy leverages these strengths to grow organically and with acquisitions through the addition of innovative technologies, deeper and broader geographic reach, and market expansion. For more information, visit www.intest.com.

inTEST Corporation
Duncan Gilmour
Chief Financial Officer, Treasurer and Secretary
Tel: (856) 505-8999

Investors:
Deborah K. Pawlowski
Kei Advisors LLC
This email address is being protected from spambots. You need JavaScript enabled to view it.
Tel: (716) 843-3908

DUBAI, United Arab Emirates & ZURICH--(BUSINESS WIRE)--Seed Group, a company of the Private Office of Sheikh Saeed bin Ahmed Al Maktoum, has announced a new strategic partnership with Nexxiot, a Swiss firm and TradeTech leader, to drive the adoption of cutting-edge supply chain technology to facilitate unparalleled capabilities in global trade.

Under the new partnership, Seed Group will help Nexxiot expand its operations in the UAE and the wider Middle East and North Africa region, furthering its strategy to propel the deployment of cutting-edge technologies and solutions to transform the logistics sector.

Known for its radical approach to trade technology, Nexxiot combines IoT (Internet of Things) sensor hardware, software, and Big Data analytics to empower clients and partners to optimize operations and create new data-driven services. This enables the region to continue to extend its status as a leading global trade hub.

Nexxiot’s trusted technology and global reputation for delivering unparalleled value enables all supply chain stakeholders to dramatically transform their operations.

The company’s technology portfolio includes products for real-time monitoring of load status of non-powered rail cars, temperature monitoring of sensitive cargo, and monitoring of any internal and external influences affecting cargo to reduce the risk of damage and optimise future transport.

Industrial IoT comes with various advantages that many sectors can benefit from, such as reduced costs, improved decision-making, asset tracking, remote monitoring, and greater energy efficiency.

In line with the UAE government’s vision for a more sustainable future, Nexxiot aims to enable a 5% reduction in global carbon dioxide cargo emissions by increasing efficiency in cargo transport and eliminating waste caused by inefficient routes, aligning with the UAE’s Net-Zero by 2050 initiative.

Hisham Al Gurg, CEO of Seed Group and the Private Office of Sheikh Saeed bin Ahmed Al Maktoum, said, “Considering the dramatic growth of the MENA region as a global trading hub, cutting-edge IoT and data has become more important than ever. Recognizing this global mega-trend, we look for partners that support our mission to further facilitate this growth. Every actor in the global supply chain requires transparency to create continuous improvement and drive value to their clients and partners. This creates wealth and enables us to reach our sustainability goals as well.”

“Bringing Nexxiot to the Middle East will greatly contribute to the UAE’s vision for a more sustainable future. We are very excited about starting our journey with them,” he added.

Stefan Kalmund, CEO of Nexxiot, said, “Unique new data and algorithms create transparency and process automation across maritime, rail, air and intermodal cargo transportation.”

“The Seed Group partnership takes this to the next level by delivering pioneering TradeTech services to all actors and facilitators across the UAE, the MENA region and beyond.”

The new collaboration will ensure new avenues for growth, enabling Nexxiot’s quest to revolutionize supply chains worldwide, reduce cargo emissions in the transportation sector, and protect the flow of cargo in the world.

A notable force in driving digital transformation across many vital industries, the Seed Group has formed numerous successful strategic partnerships with companies from all over the world looking to revolutionize industries through the deployment of cutting-edge technology and innovative solutions.

Over the past 16 years, the Seed Group has helped its partners accelerate their MENA region market entry through its strong base of connections in the market.

About Seed Group:

Over the past 16 years, Seed Group has formed strategic alliances with leading global companies representing diverse regions and industries. These companies have propelled their business interests and goals in the Middle East and North Africa region through the support and strong base of regional connections of the Seed Group. The Group’s goal is to create mutually beneficial partnerships with multinational organisations and to accelerate their sustainable market entry and presence within the MENA region. Seed Group has been a key point in the success of all its partners in the region, helping them reach their target customers and accelerate their businesses. The Private Office was established by Sheikh Saeed bin Ahmed Al Maktoum to directly invest in or assist potential business opportunities in the region, which meet The Private Office’s criteria.

For more information, visit www.seedgroup.com.

About Nexxiot:

Nexxiot is a driver of the digital logistics of tomorrow. By leading TradeTech and the digitalization of cargo transportation, Nexxiot empowers global shipping companies and suppliers to harness the power of their data through proprietary, cutting-edge technology and integrated data solutions to ensure accountability, security, and efficiency.

Nexxiot solutions track, find, and protect cargo worldwide via 700 network roaming partners. The company’s secure, industry-leading Cloud comprises data from over 2,5 billion traveled miles.

Headquartered in Zurich, Nexxiot operates throughout Europe and the U.S., employing people from 21 countries. Committed to sustainability through corporate and social responsibility, Nexxiot’s goal is to enable a five percent reduction in global supply chain carbon dioxide emissions by increasing cargo transport efficiency and eliminating waste caused by empty runs and inefficient routes.

For more information, visit www.nexxiot.com.

Seed Group
Nomarie Jean Lacsamana
T: +971 4 373 5068
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Nexxiot AG
Kevin Hohmann
T: +49 (0)30 20 61 41 30 50
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ANN ARBOR, Mich.--(BUSINESS WIRE)--#customersatisfaction--Residential customer satisfaction with the energy utilities sector overall creeps up 0.3% to 72.2 (on a scale of 0 to 100), according to the American Customer Satisfaction Index Energy Utilities Study 2021-2022.

Of the three categories measured in the report, cooperative energy utilities, unchanged at 73, now share the top spot with municipal energy utilities, up 2.8% year over year. Investor-owned energy utilities are just behind the leaders, with a steady ACSI score of 72.

Following three straight years of decline, natural gas service is stable at 75. It still outpaces electricity, which is unchanged at 71.

“While overall customer satisfaction remains relatively stable in the energy utilities sector, there is movement in the municipal category that raises some eyebrows,” says David VanAmburg, Managing Director at the ACSI. “The progress of the smaller group of municipal energy utilities has the greatest impact on the industry itself, but CPS Energy’s 14% recession year over year is hard to ignore. Clearly, the utility’s satisfaction shows long-lasting damage stemming from last year’s devastating winter storm in Texas and its aftermath.”

CenterPoint Energy separates itself among investor-owned energy utilities

Customer satisfaction with investor-owned energy utilities is unchanged at an ACSI score of 72.

CenterPoint Energy takes sole possession of first place after improving 3% to 78. A stable Atmos Energy is next at 76, followed by NextEra Energy (down 1%), Southern Company (unchanged), and WEC Energy Group (up 3%), all at 75. Dominion Energy inches up 1% to 74.

Four utilities sit just above the industry average with ACSI scores of 73: Berkshire Hathaway Energy (unchanged), Consolidated Edison (unchanged), NiSource (down 3%), and Sempra (up 1%).

The group of smaller investor-owned utilities bounces back 3% to the industry average of 72, tying with six other providers: Ameren (down 1%), CMS Energy (up 1%), Duke Energy (up 1%), Exelon (unchanged), PPL (down 3%), and Xcel Energy (unchanged).

Public Service Enterprise Group stumbles 3% to 71, just ahead of FirstEnergy, which slips 3% to 70. Five utilities tie at 69, all experiencing downturns: American Electric Power (down 1%), DTE Energy (down 5%), Edison International (down 4%), Entergy (down 4%), and National Grid (down 1%).

Despite being at the bottom of the industry, Eversource improves 2% to 66, and PG&E is stable at 61.

Salt River Project leads municipal energy utilities, while CPS Energy nosedives

Overall, customer satisfaction with municipal energy utilities increases 2.8% to an ACSI score of 73. After slipping last year, industry leader Salt River Project rises 1% to 76.

Smaller municipal energy utilities gain ground, climbing 3% to 73, while the Los Angeles Department of Water and Power holds steady at 68. CPS Energy falls to the bottom of the industry after plunging 14% to 63.

Smaller energy utilities move into cooperative category’s top spot

Cooperative energy utilities serving small rural communities maintain stable customer satisfaction overall with an ACSI score of 73.

The group of smaller cooperatives leads the industry after inching up 1% to 74. Following closely behind, Touchstone Energy is unchanged at 73.

The American Customer Satisfaction Index Energy Utilities Study 2021-2022 is based on interviews with 21,929 residential customers, chosen at random and contacted via email between January 11, 2021, and December 21, 2021. Download the study, and follow the ACSI on LinkedIn and Twitter at @theACSI.

No advertising or other promotional use can be made of the data and information in this release without the express prior written consent of ACSI LLC.

About the ACSI

The American Customer Satisfaction Index (ACSI^®) has been a national economic indicator for 25 years. It measures and analyzes customer satisfaction with more than 400 companies in 47 industries and 10 economic sectors, including various services of federal and local government agencies. Reported on a scale of 0 to 100, scores are based on data from interviews with roughly 500,000 customers annually. For more information, visit www.theacsi.org.

ACSI and its logo are Registered Marks of the University of Michigan, licensed worldwide exclusively to American Customer Satisfaction Index LLC with the right to sublicense.

Denise DiMeglio 610-228-2102
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COLUMBUS, Ohio--(BUSINESS WIRE)--Hexion, a global leader in waterborne and lower VOC coating solutions, will highlight the latest application development advances with its VeoVa™ Vinyl Esters and Cardura™ Glycidyl Ester technologies at the American Coatings Show, April 5-7, at the Indiana Convention Center. Manufacturers looking to improve the performance and sustainability of their industrial or architectural coatings will be able to explore the most recent developments in VeoVa Silane technology and Cardura monomer solutions, as well as take a tour of Hexion’s recently launched VeoVa house (veovahouse.hexion.com).

VeoVa Silane technology, based on Hexion’s VeoVa vinyl ester monomers, enables the production of high-performance, versatile, and isocyanate-free resins that are very cost-competitive compared to acrylic- and epoxy-polysiloxane technologies. Such resins can be used by coating manufacturers to create more environmentally friendly protective, marine or wood coatings which deliver similar performance to two-component (2K) polyurethane coatings.

With Hexion’s Cardura glycidyl ester, it is easier to produce low-viscosity acrylic polyols (APOs) for lower-VOC solvent and waterborne binders. These APOs, in turn, enable regulatory compliance while delivering excellent durability and aesthetics in automotive and industrial coatings.

In addition to having technical experts available to discuss VeoVa and Cardura technologies and processes, Hexion will also feature its “VeoVa House” in Booth 2348. VeoVa House (veovahouse.hexion.com) is a new, easy-to-navigate, digital showroom of VeoVa vinyl ester applications in residential and commercial construction, including a variety of customer resources.

About the Company

Based in Columbus, Ohio, Hexion Inc. is a global leader in thermoset resins. Hexion Inc. serves the global adhesive, coatings, and industrial markets through a broad range of thermoset technologies, performance materials and technical support for customers in a diverse range of applications and industries. Additional information about Hexion Inc., its products and sustainability is available at www.hexion.com.

Media Contact:
John Kompa
614-225-2223
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For product inquiries:
Marcelo Herszenhaut
+1 678 2942972
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HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) (“COP”) announced today the expiration and final results of its two pools of Exchange Offers as detailed below.

COP and certain of its subsidiaries have offered to exchange (the “Pool 1 Offer”) four series of notes issued by COP, ConocoPhillips Company (“CPCo”) and Burlington Resources LLC (“Burlington”) as described in the table below (collectively, the “Pool 1 Notes”) for a combination of cash and new 4.025% notes due 2062 issued by CPCo (the “New 2062 Notes”). The following table sets forth the aggregate principal amount of Pool 1 Notes validly tendered after 5:00 p.m., New York City time, on March 7, 2022 (the “Early Participation Deadline”) and at or prior to one minute after 11:59 p.m., New York City time, on March 21, 2022 (the “Expiration Date”).

(1) The aggregate principal amount of each series of Pool 1 Notes outstanding as of the commencement of the Exchange Offers (as defined below) on February 22, 2022.

* Denotes a series of Pool 1 Notes for which the Exchange Consideration (as defined in the Offering Memorandum (as defined below)) will be determined taking into account the par call date, instead of the maturity date, in accordance with market practice.

COP and certain of its subsidiaries have also offered to exchange (the “Pool 2 Offer” and, together with the Pool 1 Offer, the “Exchange Offers”) five series of notes issued by CPCo, Burlington and Burlington Resources Oil & Gas Company LP (“BRO&G”) as described in the table below (collectively, the “Pool 2 Notes” and, together with the Pool 1 Notes, the “Old Notes”) for a combination of cash and new 3.758% notes due 2042 issued by CPCo (the “New 2042 Notes” and, together with the New 2062 Notes, the “New Notes”). The following table sets forth the aggregate principal amount of Pool 2 Notes validly tendered after the Early Participation Deadline and at or prior to the Expiration Date.

(1) The aggregate principal amount of each series of Pool 2 Notes outstanding as of the commencement of the Exchange Offers on February 22, 2022.

The Exchange Offers expired at one minute after 11:59 p.m., New York City time, on March 21, 2022 and are being conducted upon the terms and subject to the conditions set forth in the Offering Memorandum, dated February 22, 2022 (the “Offering Memorandum”). Based on the amount of Old Notes validly tendered after the Early Participation Deadline and at or prior to the Expiration Date and in accordance with the terms of the Exchange Offers, COP, CPCo, Burlington and BRO&G, as applicable, expect to accept, on the final settlement date (expected to be March 23, 2022), all of the Pool 1 Notes and Pool 2 Notes validly tendered after the Early Participation Deadline and at or prior to the Expiration Date. As previously announced, all Old Notes validly tendered and not validly withdrawn at or prior to the Early Participation Deadline were accepted for exchange at the early settlement held on March 11, 2022.

Holders whose Old Notes are accepted for exchange will receive the Exchange Consideration (as defined in the Offering Memorandum), which is equal to the Total Consideration (as defined in the Offering Memorandum) previously announced for the applicable series of Old Notes less the early participation payment of $30 of principal amount of New 2062 Notes per $1,000 principal amount of Pool 1 Notes and $30 of principal amount of New 2042 Notes per $1,000 principal amount of Pool 2 Notes, as applicable. Holders whose Old Notes are accepted for exchange will receive in cash accrued and unpaid interest from the last applicable interest payment date to, but excluding, the date on which the exchange of such Old Notes is settled, less the amount of any pre-issuance interest on the New Notes exchanged therefor, and amounts due in lieu of fractional amounts of New Notes.

Based on the aggregate principal amount of Old Notes validly tendered after the Early Participation Deadline and at or prior to the Expiration Date, CPCo expects to issue approximately $2,541,000 in aggregate principal amount of the New 2062 Notes and approximately $1,091,000 in aggregate principal amount of the New 2042 Notes on the final settlement date. These New 2062 Notes and New 2042 Notes will be fungible with $1,767,690,000 in aggregate principal amount of the New 2062 Notes and $783,545,000 in aggregate principal amount of the New 2042 Notes, respectively, issued by CPCo at the early settlement.

The Exchange Offers are only being made, and the New Notes are only being offered and will only be issued, and copies of the offering documents will only be made available, to holders of Old Notes (1) either (a) in the United States, that are “qualified institutional buyers,” or “QIBs,” as that term is defined in Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), in a private transaction in reliance upon an exemption from the registration requirements of the Securities Act or (b) outside the United States, that are persons other than “U.S. persons,” as that term is defined in Rule 902 under the Securities Act, in offshore transactions in reliance upon Regulation S under the Securities Act, or a dealer or other professional fiduciary organized, incorporated or (if an individual) residing in the United States holding a discretionary account or similar account (other than an estate or a trust) for the benefit or account of a non-“U.S. person,” and (2) (a) if located or resident in any Member State of the European Economic Area, who are persons other than “retail investors” (for these purposes, a retail investor means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (as amended, “MiFID II”); or (ii) a customer within the meaning of Directive (EU) 2016/97, where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a “qualified investor” as defined in Regulation (EU) 2017/1129), and consequently no key information document required by Regulation (EU) No 1286/2014 (as amended, the “PRIIPs Regulation”) for offering or selling the New Notes or otherwise making them available to retail investors in the European Economic Area has been prepared and therefore offering or selling the New Notes or otherwise making them available to any retail investor in the European Economic Area may be unlawful under the PRIIPs Regulation; or (b) if located or resident in the United Kingdom, who are persons other than “retail investors” (for these purposes, a retail investor means a person who is one (or more) of: (i) a retail client, as defined in point (8) of Article 2 of Regulation (EU) No 2017/565 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 (“EUWA”); or (ii) a customer within the meaning of the provisions of the Financial Services and Markets Act 2000 (the “FSMA”) and any rules or regulations made under the FSMA to implement Directive (EU) 2016/97, where that customer would not qualify as a professional client, as defined in point (8) of Article 2(1) of Regulation (EU) No 600/2014 as it forms part of domestic law by virtue of the EUWA; or (iii) not a qualified investor as defined in Article 2 of Regulation (EU) 2017/1129 as it forms part of domestic law by virtue of the EUWA), and consequently no key information document required by Regulation (EU) No 1286/2014 as it forms part of domestic law by virtue of the EUWA (the “UK PRIIPs Regulation”) for offering or selling the New Notes or otherwise making them available to retail investors in the United Kingdom has been prepared and therefore offering or selling the New Notes or otherwise making them available to any retail investor in the United Kingdom may be unlawful under the UK PRIIPs Regulation (“Eligible Holders”). The Exchange Offers will not be made to holders of Old Notes who are located in Canada. Only Eligible Holders who have completed and returned the eligibility certification are authorized to receive or review the Offering Memorandum or to participate in the Exchange Offers. There is no separate letter of transmittal in connection with the Offering Memorandum.

The New Notes have not been registered under the Securities Act or any state securities laws. Therefore, the New Notes may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and any applicable state securities laws.

Holders are advised to check with any bank, securities broker or other intermediary through which they hold Old Notes as to when such intermediary needs to receive instructions from a holder in order for that holder to be able to participate in, or (in the circumstances in which revocation is permitted) revoke their instruction to participate in the Exchange Offers before the deadlines specified herein and in the Offering Memorandum and eligibility certification. The deadlines set by each clearing system for the submission and withdrawal of exchange instructions will also be earlier than the relevant deadlines specified herein and in the Offering Memorandum and eligibility certification.

This news release is not an offer to sell or a solicitation of an offer to buy any of the securities described herein. The Exchange Offers are being made solely by the Offering Memorandum and eligibility certification and only to such persons and in such jurisdictions as is permitted under applicable law.

Global Bondholder Services Corporation has been appointed as the exchange agent and information agent for the Exchange Offers. Documents relating to the Exchange Offers will only be distributed to holders of Old Notes who certify that they are Eligible Holders. Questions or requests for assistance related to the Exchange Offers or for additional copies of the Offering Memorandum and eligibility certification may be directed to Global Bondholder Services Corporation at (855) 654-2015 (toll-free) or (212) 430-3774 (banks and brokers) or by email at This email address is being protected from spambots. You need JavaScript enabled to view it.. You may also contact your broker, dealer, commercial bank, trust company or other nominee for assistance concerning the Exchange Offers. The Offering Memorandum and eligibility certification can be accessed at the following link: https://gbsc-usa.com/eligibility/cop.

--- # # # ---

About ConocoPhillips

ConocoPhillips is one of the world’s leading exploration and production companies based on both production and reserves, with a globally diversified asset portfolio. Headquartered in Houston, Texas, ConocoPhillips had operations and activities in 14 countries, $91 billion of total assets and approximately 9,900 employees at Dec. 31, 2021. Production including Libya averaged 1,567 MBOED for the 12 months ended Dec. 31, 2021, and proved reserves were 6.1 BBOE as of Dec. 31, 2021. For more information, go to www.conocophillips.com.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This news release contains forward-looking statements as defined under the federal securities laws. Forward-looking statements relate to future events, plans and anticipated results of operations, business strategies, and other aspects of our operations or operating results. Words and phrases such as “anticipate," “estimate,” “believe,” “budget,” “continue,” “could,” “intend,” “may,” “plan,” “potential,” “predict," “seek,” “should,” “will,” “would,” “expect,” “objective,” “projection,” “forecast,” “goal,” “guidance,” “outlook,” “effort,” “target” and other similar words can be used to identify forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. Where, in any forward-looking statement, the company expresses an expectation or belief as to future results, such expectation or belief is expressed in good faith and believed to be reasonable at the time such forward-looking statement is made. However, these statements are not guarantees of future performance and involve certain risks, uncertainties and other factors beyond our control. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in the forward-looking statements. Factors that could cause actual results or events to differ materially from what is presented include the impact of public health crises, including pandemics (such as COVID-19) and epidemics and any related company or government policies or actions; global and regional changes in the demand, supply, prices, differentials or other market conditions affecting oil and gas, including changes resulting from a public health crisis or from the imposition or lifting of crude oil production quotas or other actions that might be imposed by OPEC and other producing countries and the resulting company or third-party actions in response to such changes; changes in commodity prices, including a prolonged decline in these prices relative to historical or future expected levels; insufficient liquidity or other factors, such as those listed herein, that could impact our ability to repurchase shares and declare and pay dividends such that we suspend our share repurchase program and reduce, suspend, or totally eliminate dividend payments in the future, whether variable or fixed; changes in expected levels of oil and gas reserves or production; potential failures or delays in achieving expected reserve or production levels from existing and future oil and gas developments, including due to operating hazards, drilling risks or unsuccessful exploratory activities; unexpected cost increases or technical difficulties in constructing, maintaining or modifying company facilities; legislative and regulatory initiatives addressing global climate change or other environmental concerns; investment in and development of competing or alternative energy sources; disruptions or interruptions impacting the transportation for our oil and gas production; international monetary conditions and exchange rate fluctuations; changes in international trade relationships, including the imposition of trade restrictions or tariffs on any materials or products (such as aluminum and steel) used in the operation of our business; our ability to collect payments when due under our settlement agreement with PDVSA; our ability to collect payments from the government of Venezuela as ordered by the ICSID; our ability to liquidate the common stock issued to us by Cenovus Energy Inc. at prices we deem acceptable, or at all; our ability to complete any announced or any future dispositions or acquisitions on time, if at all; the possibility that regulatory approvals for any announced or any future dispositions or acquisitions will not be received on a timely basis, if at all, or that such approvals may require modification to the terms of the transactions or our remaining business; business disruptions following the acquisition of assets from Shell (the “Shell Acquisition”) or any other announced or any future dispositions or acquisitions, including the diversion of management time and attention; the ability to deploy net proceeds from our announced or any future dispositions in the manner and timeframe we anticipate, if at all; potential liability for remedial actions under existing or future environmental regulations; potential liability resulting from pending or future litigation, including litigation related directly or indirectly to our transaction with Concho Resources Inc.; the impact of competition and consolidation in the oil and gas industry; limited access to capital or significantly higher cost of capital related to illiquidity or uncertainty in the domestic or international financial markets; general domestic and international economic and political conditions; the ability to successfully integrate the assets from the Shell Acquisition or achieve the anticipated benefits from the transaction; unanticipated difficulties or expenditures relating to the Shell Acquisition; changes in fiscal regime or tax, environmental and other laws applicable to our business; and disruptions resulting from accidents, extraordinary weather events, civil unrest, political events, war, terrorism, cyber attacks or information technology failures, constraints or disruptions; and other economic, business, competitive and/or regulatory factors affecting our business generally as set forth in our filings with the Securities and Exchange Commission. Unless legally required, ConocoPhillips expressly disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

Dennis Nuss (media)
281-293-4733
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Investor Relations
281-293-5000
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- Air Greenland commits to purchasing or leasing from Avolon a fleet of Vertical Aerospace VX4 eVTOL aircraft

- Air Greenland is the first European airline to join Avolon’s eVTOL programme, starting its decarbonisation journey where it matters the most

DUBLIN & NUUK, Greenland--(BUSINESS WIRE)--Avolon, the international aircraft leasing company, announces that it has partnered with Air Greenland, the flag-carrier for Greenland, to bring zero-emissions travel to the region and help tackle the issue of climate change.

Avolon and Air Greenland will partner to form a Working Group to assess the opportunity to commercialise zero-emissions air travel in the region. The Working Group will also collaborate to identify local infrastructure and certification requirements for eVTOL aircraft. As part of the agreement, Air Greenland will commit to purchasing or leasing a fleet of VX4 eVTOL aircraft, manufactured by Vertical Aerospace (NYSE: EVTL) (‘Vertical’), from Avolon. Upon its introduction, the VX4 will be the most advanced and the safest eVTOL in the market and will be built to EASA safety certification standards – the most stringent global requirements and at the same level as commercial aircraft. The VX4 will be near silent when in flight and will have zero operating emissions, transporting four passengers and one pilot distances of over 100 miles at up to 200 miles per hour. The size of Air Greenland’s VX4 fleet will be defined at the conclusion of the Working Group’s assessment of the scale of the market opportunity.

Dómhnal Slattery, CEO of Avolon commented: “Since our initial order, we have seen airlines all over the world make a commitment to the zero emissions travel by selecting the VX4 aircraft as the first step in their decarbonisation journey. Today’s announcement with Air Greenland means we are taking zero-emissions travel to where climate change is having its most pronounced impact. We look forward to working with Air Greenland to bringing the zero-operating emission VX4 aircraft to where it matters the most.”

Jacob Nitter Sørensen, CEO of Air Greenland, commented: “Today’s announcement marks the start of our long-term sustainability journey, and we are excited about bringing zero emissions travel to our region. In Greenland, we see the effects of climate change every day and, as a company, we want to be at the forefront of the climate revolution. The VX4 aircraft will have many uses for Air Greenland and, through our partnership with Avolon, we look forward to welcoming our first travellers onboard in the near future – flying our guests to Ilimanaq Lodge to show the visible impacts that climate change is having on our country and planet.”

Stephen Fitzpatrick, CEO of Vertical Aerospace, commented: “We are delighted that Air Greenland has chosen the VX4 to bring zero emissions air travel to the region. This partnership is a significant first step in introducing sustainable air mobility to Greenland.”

About Avolon’s VX4 Order book

In June 2021, Avolon ordered 500 VX4 eVTOL aircraft from Vertical, valued at US $2 billion. Since announcing that order, Avolon placed 250 VX4 aircraft with Gol and Grupo Comporte in Brazil, up to 100 aircraft with Japan Airlines in Japan, and a minimum of 100 aircraft with AirAsia. Avolon has now placed up to 90% of its initial orderbook, underlining the demand for VX4 aircraft from the world’s leading airlines.

ENDS

About VX4 eVTOL Aircraft

The four passenger, one pilot VX4 is projected to have speeds up to 200mph, a range over 100 miles, near silent when in flight, zero operating emissions and low cost per passenger mile. The VX4 is expected to open up advanced air mobility to a whole new range of passengers and transform how we travel. Find out more: vertical-aerospace.com

About Avolon

Headquartered in Ireland, with offices in the United States, Dubai, Singapore, Hong Kong and Shanghai, Avolon provides aircraft leasing and lease management services. Avolon is 70% owned by an indirect subsidiary of Bohai Leasing Co., Ltd., a public company listed on the Shenzhen Stock Exchange (SLE: 000415) and 30% owned by ORIX Aviation Systems, a subsidiary of ORIX Corporation which is listed on the Tokyo and New York Stock Exchanges (TSE: 8591; NYSE: IX). Avolon is the world’s second largest aircraft leasing business with an owned, managed and committed fleet, as of 31 December 2021, of 824 aircraft.

Website: www.avolon.aero
Twitter: @avolon_aero

About Air Greenland

Air Greenland is owned by the Greenland Government and has flight operations to total of 62 destinations internally in Greenland and to and from Denmark and Iceland. The fleet consists of fixed-wing aircraft Airbus A330-200 and 7 Dash 8-200 to transport passengers and cargo, a King Air for medical evacuations and 17 helicopters of various types, which meets the need for passenger transport, mineral exploration, heliskiing, sightseeing, scientific expeditions, Search and Rescue, and in the maintenance of vital telecommunications infrastructure. As a key player in aviation on the world's largest island, Air Greenland aims to facilitate Greenland's infrastructure in a sustainable way by investing in the green conversion. To support a sustainable development in the tourism industry and the economic growth to the benefit of the country, Air Greenland supports the development of sustainable destinations and goals in the subsidiaries Hotel Arctic and Greenland Travel.

Website: www.airgreenland.com
LinkedIn: Air Greenland

About Vertical Aerospace

Vertical Aerospace is pioneering electric aviation. The company was founded in 2016 by Stephen Fitzpatrick, an established entrepreneur best known as the founder of the Ovo Group, a leading energy and technology group and Europe’s largest independent energy retailer. Over the past five years, Vertical has focused on building the most experienced and senior team in the eVTOL industry, who have over 1,700 combined years of engineering experience, and have certified and supported over 30 different civil and military aircraft and propulsion systems.

Vertical’s top-tier partner ecosystem is expected to de-risk operational execution and its pathway to certification allows for a lean cost structure and enables production at scale. Vertical has a market-leading pre-order book (by value) for a total of up to 1,350 aircraft from American Airlines, Avolon, Bristow and Iberojet, which includes conditional pre-order options from Virgin Atlantic and Marubeni, and in doing so, is creating multiple potential near term and actionable routes to market. Vertical’s ordinary shares listed on the NYSE in December 2021 under the ticker “EVTL”. Find out more: www.vertical-aerospace.com

Avolon
Ross O’Connor
Head of Capital Markets
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T: +353 1 231 5818

Jonathan Neilan/Sam Moore
FTI Consulting
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M: +353 86 231 4135/+353 87 737 9089

Air Greenland
Jacob Nitter Sørensen
CEO
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T: +299 34 34 34

Jørn Elfving Rasmussen
Technical Director
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T: +299 34 34 34

Duke Energy Florida Will Use Itron’s DER Optimizer Solution to Monitor Residential EV Charging

LIBERTY LAKE, Wash.--(BUSINESS WIRE)--#DER--Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, and Duke Energy Florida, which supplies electrical services to 1.9 million customers throughout Florida, are collaborating to deploy Itron’s newly developed DER Optimizer solution, powered by its industry-leading demand response platform, IntelliSOURCE^®.

Itron is expanding its IntelliSOURCE platform to be the foundation of a broader distributed energy resource management solution set, in recognition of the rapidly evolving landscape of DERs that utilities need to monitor, optimize and orchestrate to maintain grid reliability and safety and meet decarbonization goals. The DER Optimizer solution is a suite of modules that enables utilities to monitor residential electric vehicle (EV) charging and manage holistic residential EV charging programs at scale.

Duke Energy Florida will use its existing instance of IntelliSOURCE Enterprise^TM to deploy the new DER Optimization modules and run a new managed EV charging program. The program will identify and provide credits for EV owners to charge their vehicles during off-peak hours. Itron is integrating with a comprehensive EV telematics platform provided by Rolling Energy Resources, which connects to cars through their native APIs (Application Programming Interfaces) to allow easy on-boarding for customers and their vehicles into the program without needing to install additional hardware or communicating charging stations.

The program will begin in Q1 2022 and run for four years. During that time, Duke Energy Florida will use Itron’s DER Optimizer to collect permissible EV charging session data in near-real time and gain insights into residential EV charging behavior.

“As the first utility to deploy Itron’s DER Optimizer solution, Duke Energy is leading the way to better manage EV charging for residential consumers in Florida. The scalable solution will enable Duke Energy Florida to accommodate future growth of electric transportation within its service territory and discover best practices for residential EV Off Peak programs,” said Don Reeves, senior vice president of Outcomes at Itron. “Understanding the supply and demand of EV charging is critical. With Itron’s DER Optimizer solution, Duke Energy Florida will have a tool to do just that.”

Itron is a proven leader in distributed energy management, with programs active at 25 utilities, representing over 1 GW of connected load and 1.5 million enrolled devices. DER Optimizer expands the capabilities of Itron’s IntelliSOURCE DER management platform to connect to and control a wide range of residential DERs, including electric vehicles, smart inverters, smart thermostats, grid-integrated water heaters, energy management systems and other devices. DER Optimizer features near-real time analytics and optimization that provide DER program managers, grid planners and grid operators with a new class of actionable insights and control capabilities designed to help utilities successfully accommodate a high penetration of DERs. To learn more, please visit the DER Optimizer product page on itron.com.

About Itron

Itron enables utilities and cities to safely, securely and reliably deliver critical infrastructure solutions to communities in more than 100 countries. Our portfolio of smart networks, software, services, meters and sensors helps our customers better manage electricity, gas and water resources for the people they serve. By working with our customers to ensure their success, we help improve the quality of life, ensure the safety and promote the well-being of millions of people around the globe. Itron is dedicated to creating a more resourceful world. Join us: www.itron.com.

Itron^® is a registered trademark of Itron, Inc. All third-party trademarks are property of their respective owners and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated.

Itron, Inc.
Alison Mallahan
Senior Manager, Corporate Communications
509-891-3802
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Urges Investors to vote FOR the Merger at its Special Meeting

Submit your vote through your broker, vote online (voting deadline is March 22 at 11:59pm ET) or at the shareholder meeting on March 23 at 1:00 pm CT (2:00pm ET)

MINNETONKA, Minn.--(BUSINESS WIRE)--Communications Systems, Inc. (Nasdaq: JCS) (“CSI” or the “Company”) today urges CSI shareholders to vote “FOR” Proposal #1 to approve the merger transaction with Pineapple Energy LLC (“Pineapple”), at the special meeting of shareholders that will be held on Wednesday, March 23, 2022 at 1:00 p.m. Central Time.

As of the close of the business day on March 21, 2022, approximately 62% of the CSI total outstanding shares have already voted in favor of Proposal #1. With at least two-thirds (66.67%) of CSI total outstanding shares needed for Proposal #1 to be approved, CSI reminds investors that every share is critical to the approval.

The CSI board of directors unanimously recommends that CSI shareholders vote ‘‘FOR’’ the Proposal #1.

The adjourned special meeting will continue to be held online at www.virtualshareholdermeeting.com/JCS2022SM. Also, the record date for determining CSI shareholders eligible to vote at the special meeting will remain the close of business on January 27, 2022.

How To Vote

Please use the voting control number that accompanied your proxy materials and vote your shares today. To have your shares represented at the special meeting as soon as possible, please utilize one of the following methods below:

• Vote by Internet: www.proxyvote.com
• Vote by phone: 1 (800) 690-6903
• Call 833-782-7141 to take the vote directly

For additional questions or if you need assistance with voting, please call our solicitor Proxy Advisory Group, LLC at: (833) 782-7141.

About Communications Systems, Inc.

Communications Systems, Inc. (Nasdaq: JCS), has operated as an IoT intelligent edge products and services company. For more information regarding CSI, please see www.commsystems.com.

Additional Information and Where to Find It; Participants in the Solicitation

In connection with the proposed merger with Pineapple, Communications Systems, Inc. (“CSI”) filed a registration statement on Form S-4 (File No. 333-260999) with the Securities and Exchange Commission (SEC) on November 12, 2021 (as amended, the “Registration Statement”). The Registration Statement includes a proxy statement/prospectus, and was declared effective by the SEC on February 3, 2022. Beginning February 4, 2022, a copy of the proxy statement/prospectus dated February 3, 2022 was sent to CSI shareholders as of the close of business on January 27, 2022, the record date established for the special meeting.

CSI URGES INVESTORS, SHAREHOLDERS AND OTHER INTERESTED PERSONS TO READ THE REGISTRATION STATEMENT AND PROXY STATEMENT/PROSPECTUS, AND ANY AMENDMENTS OR SUPPLEMENTS THERETO, AND ANY OTHER DOCUMENTS TO BE FILED WITH THE SEC IN CONNECTION WITH THE MERGER BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION.

The Registration Statement, preliminary and definitive proxy statement/prospectus, any other relevant documents, and all other documents and reports CSI filed with or furnishes to the SEC are (or, when filed, will be) available free of charge under the "Financial Reports" tab of the Investors Relations section of our website at www.commsystems.com or by directing a request to: Communications Systems, Inc., 10900 Red Circle Drive, Minnetonka, MN 55343. The contents of the CSI website is not deemed to be incorporated by reference into this press release, the Registration Statement, or the proxy statement/prospectus. The documents and reports that CSI files with or furnishes to the SEC are (or, when filed, will be) available free of charge through the website maintained by the SEC at http://www.sec.gov.

CSI and its directors and executive officers may be considered participants in the solicitation of proxies by CSI in connection with approval of the proposed merger and other proposals to be presented at the special meeting. Information regarding the names of these persons and their respective interests in the transaction, by securities holdings or otherwise, are set forth in the proxy statement/prospectus dated February 3, 2022. To the extent the Company's directors and executive officers or their holdings of the Company's securities have changed from the amounts disclosed in such filing, to the Company's knowledge, these changes have been reflected on statements of change in ownership on Form 4 on file with the SEC. You may obtain these documents (when they become available, as applicable) free of charge through the sources indicated above.

Forward Looking Statements

This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform A

of 1995, including statements regarding future financial performance, future growth, and future acquisitions. These statements are based on Communications Systems’ current expectations or beliefs and are subject to uncertainty and changes in circumstances. There can be no guarantee that the proposed transactions described in this press release will be completed, or that they will be completed as currently proposed, or at any particular time. Actual results may vary materially from those expressed or implied by the statements here due to changes in economic, business, competitive or regulatory factors, and other risks and uncertainties affecting the operation of Communications Systems’ business.

These risks, uncertainties and contingencies are presented in the Company’s Annual Report on Form 10-K and, from time to time, in the Company’s other filings with the Securities and Exchange Commission. The information set forth herein should be read considering such risks. Further, investors should keep in mind that the Company’s financial results in any period may not be indicative of future results. Communications Systems is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether because of new information, future events, changes in assumptions or otherwise. In addition to these factors, there are several additional factors, including:

- the conditions to the closing of CSI-Pineapple merger transaction may not be satisfied;

- the occurrence of any other risks to consummation of the CSI-Pineapple merger transaction, including the risk that the CSI-Pineapple merger transaction will not be consummated within the expected time period or any event, change or other circumstances that could give rise to the termination of the CSI-Pineapple merger transaction;

- the CSI-Pineapple merger transaction has involved greater than expected costs and delays and may in the future involve unexpected costs, liabilities or delays;

- the Company’s ability to sell its other legacy operating business assets and its real estate assets at attractive values;

- there is no assurance that CSI will receive any of the maximum $7.0 million earnout relating to the August 2, 2021 sale of CSI’s Electronics & Software Segment;

- the combined company will be entitled to retain ten percent of the net proceeds of CSI legacy assets that are sold pursuant to agreements entered into after the effective date of the merger;

- risks that the merger will disrupt current CSI plans and operations or that the business or stock price of CSI may suffer as a result of uncertainty surrounding the CSI-Pineapple merger transaction;

- the outcome of any legal proceedings related to the CSI-Pineapple merger transaction;

- the fact that CSI cannot yet determine the exact amount and timing of any additional pre-CSI-Pineapple merger cash dividends, if any, or the ultimate value of the Contingent Value Rights that CSI intends to distribute to its shareholders immediately prior to the closing of the CSI-Pineapple merger transaction; and

- the anticipated benefits of the proposed merger transaction with Pineapple may not be realized in the expected timeframe, or at all.

For Communications Systems, Inc.

Roger H. D. Lacey
Executive Chair and Interim Chief Executive Officer
+1 (952) 996-1674

Mark D. Fandrich
Chief Financial Officer
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Toshi Tajima Brings Decades of Expertise in Plasma Physics and Fusion Energy to IUPAP Commission

FOOTHILL RANCH, Calif.--(BUSINESS WIRE)--TAE Technologies, the world’s leading developer of clean fusion, is pleased to announce the appointment of Chief Science Officer (CSO) Dr. Toshi Tajima to the International Union of Pure and Applied Physics (IUPAP) Commission 16 on Plasma Physics.

IUPAP strives to promote collaboration among members of the global physics community, particularly to address urgent problems such as infectious disease and climate change.

Tajima will serve a four-year term on the Commission, which specializes in the field of plasma physics for applications such as fusion energy.

“We are pleased to have Toshi join IUPAP, and we believe he will play an integral role in educating our community about fusion energy and technology. Toshi’s expertise will take us to the next level in understanding the role of fusion technology in making sustainable energy choices for the future,” said Michel Spiro, President of IUPAP.

The IUPAP Commission is working toward meeting the 17 Sustainable Development Goals identified in the United Nations’ 2030 Agenda, which range from affordable and clean energy to creating sustainable communities. To aid in this effort, the Commission has joined forces with CERN (The European Organization for Nuclear Research), UNESCO, and over 100 international scientific unions and research organizations to demonstrate how basic sciences can be the key to resolving these pressing challenges. The UN General Assembly has since designated 2022 as the International Year of Basic Sciences for Sustainable Development (IYBSSD2022), during which Tajima will spearhead dialogue among plasma physicists to help meet these goals.

“I am honored to have the opportunity to represent the IUPAP and to be able to work to solve some of the most pressing energy problems at the intersection of fusion innovation and climate change. I’m excited for the chance to share my knowledge and expertise with others, and to learn from new connections about where we can improve in fusion energy,” said Tajima.

In addition to serving as TAE’s CSO, Tajima is the Norman Rostoker Chair Professor of Physics and Astronomy at the University of California Irvine (UCI), where he researches accelerator physics, plasma physics, fusion, laser physics, astrophysics, and medical applications of physics. He builds on the legacy established by noted plasma physicist Dr. Norman Rostoker, the technology co-founder of TAE. Tajima was Dr. Rostoker’s first UCI-educated Ph.D. student.

Dr. Tajima has also been the chairman of multiple organizations, including the International Committee for Ultrahigh Intensity Lasers, Extreme Light Infrastructure-nuclear Physics, International Science Advisory Board, and Deputy Director of the International Center for Zetta-Exawatt Science and Technology. He is the recipient of many prestigious awards, including the Robert Wilson Prize, the Hannes Alfven Prize, the Enrico Fermi Prize, the Nishina Memorial Prize, the Blaise Pascal Chair Award, and the Einstein Professorship. He received his Ph.D. in Physics from UCI in 1975 and has since authored over 600 papers and eight books on accelerator physics, plasma physics, fusion, laser physics, astrophysics, and medical applications of physics.

The International Year of Basic Sciences for Sustainable Development will hold an opening conference on July 8, 2022 at UNESCO headquarters in Paris, with additional events organized around the world through June 2023.

For more information about TAE Technologies and fusion energy, please visit www.tae.com.

About TAE Technologies

TAE Technologies (pronounced T-A-E) was founded in 1998 to develop commercial fusion power with the cleanest environmental profile. The company’s pioneering work represents the fastest, most practical, and economically competitive solution to bring abundant clean energy to the grid. With over 1,700 patents filed and over 1,100 issued; more than $1 billion in private capital; five generations of National Laboratory-scale devices built and two in development; and an experienced team of over 250 employees, TAE is now on the cusp of delivering this transformational energy source capable of sustaining the planet for thousands of years.

The company’s revolutionary technologies have produced a robust portfolio of commercial innovations in large adjacent markets such as power management, energy storage, transmission, electric mobility, life sciences, and more. TAE is based in California, and maintains international offices in the UK and Switzerland. Multidisciplinary and mission-driven by nature, TAE is leveraging proprietary science and engineering to create a bright future.

Media
Alex Autry
Silverline Communications
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HOUSTON & REDWOOD CITY, Calif.--(BUSINESS WIRE)--Energy technology company Baker Hughes (NASDAQ: BKR) is collaborating with C3 AI (NYSE: AI), Accenture (NYSE: ACN) and Microsoft on industrial asset management (IAM) solutions for clients in the energy and industrial sectors.

The collaboration will focus on creating and deploying Baker Hughes IAM solutions that use digital technologies to help improve the safety, efficiency, and emissions profile of industrial machines, field equipment, and other physical assets. Applying their individual strengths, the four companies will collaborate on Baker Hughes IAM capabilities that help optimize plant equipment, operational processes, and business operations through improved uptime, increased operational flexibility, capital planning, and energy efficiency management.

The solutions will be designed for industries including oil and gas; renewable energy and thermal power generation; metals and mining; chemicals; and pulp and paper.

Baker Hughes, C3 AI, Accenture and Microsoft will also explore collaborating on solutions that help achieve net-zero carbon emissions and decarbonize energy and industrial sectors, including emissions management.

“This collaboration accelerates our growth strategy to provide differentiated IAM solutions that enhance our customer’s industrial operations by optimizing the performance of industrial equipment and processes,” said Lorenzo Simonelli, Baker Hughes chairman and CEO. “IAM connects industrial data to domain-specific insights for improved efficiencies and lowered energy use and emissions. We see this as an important step to support the industry’s net-zero targets.”

Baker Hughes, C3 AI, Accenture and Microsoft have a history of strategic collaboration, and each company brings specific expertise to accelerate IAM solution development for energy and industrial applications. Baker Hughes will provide domain-specific digital expertise and technology for industrial customers, including leading condition-monitoring software for mission critical machinery, industrial asset strategy advisors, proven machine and equipment edge sensor and related controls capabilities, enterprise AI capabilities from the BakerHughesC3.ai alliance for oil and gas and industrial applications, and proprietary original equipment manufacturer (OEM) analytics. Baker Hughes’ IAM portfolio also includes the recent acquisition of ARMS Reliability and a strategic alliance with Augury.

C3 AI will provide a flexible artificial intelligence (AI) application development platform that complements Baker Hughes technologies as well as extensive experience developing and deploying applications at scale for a wide range of equipment used across industries.

Accenture will help drive product innovation, design and development and provide strategic support and systems integration at scale, drawing on its experience to transform asset management across industries to help improve profitability and reduce risk.

Microsoft will provide secure cloud infrastructure for big data, advanced Microsoft Azure services including AI, Internet of Things (IoT), high performance computing (HPC) as well as modern work and business applications.

“This is an important effort, and we’re excited to participate in providing the core Enterprise AI technology,” said C3 AI Chairman and CEO Thomas M. Siebel. “Enterprise AI software is critical for increasing performance and ROI from industrial assets management solutions.”

“Through this unique collaboration, we are helping companies embed intelligence across their operations to increase performance and safety, advance decarbonization goals, and drive greater innovation and competitiveness,” said Julie Sweet, chair and CEO of Accenture.

“Together, we have a tremendous opportunity to deliver cloud-based technologies across customers’ industrial operations that enable them to reduce costs and increase efficiencies while advancing their net zero goals,” said Judson Althoff, Microsoft’s executive vice president and Chief Commercial Officer.

About Baker Hughes

Baker Hughes (NYSE: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and with operations in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner, and more efficient for people and the planet. Visit us at bakerhughes.com.

About C3.ai, Inc.

C3 AI is the Enterprise AI application software company. C3 AI delivers a family of fully integrated products including the C3 AI Suite, an end-to-end platform for developing, deploying, and operating enterprise AI applications and C3 AI Applications, a portfolio of industry-specific SaaS enterprise AI applications that enable the digital transformation of organizations globally.

About Accenture

Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Interactive, Technology and Operations services — all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 699,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities. Visit us at accenture.com.

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Investor Relations

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Upgrade to Exahash targets – 4 Exahash by Q3 2022, 5.5 Exahash by early Q1 2023

808 Self-mined Bitcoin produced in FY 2021

New 100-megawatt facility in Pennsylvania, USA signed

100-megawatt expansion at Georgia, USA facility commenced

In early 2022, 100 megawatt hosting customer agreement executed and $20M debt facility secured with Celsius Mining LLC

First revenues from Mawson’s Hosting Co-location business

SYDNEY & NEW YORK CITY--(BUSINESS WIRE)--Mawson Infrastructure Group Inc. (NASDAQ:MIGI) (“Mawson”), a digital infrastructure provider, is pleased to announce financial highlights and financial results, for the fourth quarter and full year ended December 31, 2021.

Q4 2021 Financial and Business Highlights

• Revenue of $19.6 million compared to $10.9 million in Q3 2021, up 79%
• Gross profit of $16.0 million, compared to $8.4 million in Q3 2021, up 89%
• Non-GAAP EBITDA of $10.0 million, compared to $3.3 million in Q3 2021, up 203%
• Record 0.83 Exahash online reached on 22^nd December 2021
• Stage 2 of 100 megawatt expansion at Georgia Bitcoin mining facility ongoing
• First Australian Bitcoin mining facility operational, in partnership with Quinbrook Infrastructure Partners
• Purchased an additional 4,000 latest generation ASIC bitcoin miners
• Mawson’s Luna Squares LLC hosting co-location business, utilizing the company’s Modular Data Centre (MDC) technology continues to expand
• Mawson joins the Bitcoin Mining Council
• Cosmos Asset Management launches ‘DIGA’ – The Cosmos Global Digital Miners Access ETF in Australia

Full Year 2021 Financial and Business Highlights

• Full year record revenue of $43.9 million compared to $4.4 million in 2020; up 886%
• Full year record gross profit of $34.0 million, compared to $1.3 million in 2020, up 2,526%
• Full year record non-GAAP EBITDA of $17.9 million
• New 100 megawatt Bitcoin mining facility in Pennsylvania, USA signed
• Stage 2 of 100 megawatt expansion at Georgia Bitcoin mining facility commenced
• First Australian Bitcoin mining facility operational, in partnership with Quinbrook Infrastructure Partners
• Total available energy infrastructure capacity at Bitcoin mining facilities reaches 220 megawatts
• Mawson’s Luna Squares LLC hosting co-location business launched
• Mawson lists on the Nasdaq Capital Market
• Over 33,000 new ASIC Bitcoin Miners added in FY 2021 to fleet of over 40,000 as at 31 Dec 2021

Subsequent to Quarter End

• New 100 megawatt hosting customer co-location agreement signed with Celsius Mining LLC
• Georgia, USA Bitcoin mining facility Stage 3 expansion approved to 230 megawatts, which could accommodate up to 7.5 Exahash of operational capacity
• $20M debt facility executed with Celsius Mining LLC, to accelerate the rollout of our energy infrastructure capacity
• New 12 megawatt hosting co-location agreement signed with Foundry Digital LLC

2022 Strategic Focus

• Expand existing Bitcoin mining operations from the expected end of March online hash rate of 1.5 Exahash, to our target of 4.0 Exahash by Q3, 2022 and to our target of 5.5 Exahash by early Q1 2023
• Expand Luna Squares LLC hosting co-location business from the current 4 megawatts online to the 116 megawatts now contracted, and beyond
• Continue the ongoing expansion of the company’s Georgia, Pennsylvania and Australian Bitcoin Mining facilities
• Continue to assess, and where appropriate, add more Bitcoin mining facilities to the global portfolio
• Continue to assess, and where appropriate, add more Bitcoin miners to global operations
• Evaluate opportunities to decrease the overall costs of Bitcoin production
• Continue with our strong ESG focus across our business

James Manning, CEO and Founder of Mawson Infrastructure, said, "FY 2021 was a transformational year for our business. We significantly increased our Bitcoin self-mining operational footprint, producing a record 808 Bitcoin, increased revenue 886% to $43.9 million, increased our gross profit 2526% to $34.0 million, and posted a record $17.9 million of non-GAAP EBITDA.

We also successfully launched our Luna Squares hosting co-location business, signed a new large-scale facility in Midland, Pennsylvania and materially expanded the size of our Sandersville, Georgia Bitcoin mining facility. We also launched our first Australian facility in 2021 as well as listing on the Nasdaq late in Q3.

The Mawson team have put in a phenomenal effort these past 12 months and for that I am very grateful. We enter 2022 with a large bitcoin self-mining business, and a large scale hosting co-location business and I’m very excited for what 2022 has in store.”

About Mawson Infrastructure

Mawson Infrastructure Group (NASDAQ: MIGI) is a digital infrastructure provider, with multiple operations throughout the USA and Australia. Mawson’s vertically integrated model is based on a long-term strategy to promote the global transition to the new digital economy. Mawson matches sustainable energy infrastructure with next-generation mobile data centre (MDC) solutions, enabling low-cost Bitcoin production and on-demand deployment of infrastructure assets. With a strong focus on shareholder returns and an aligned board and management, Mawson Infrastructure Group is emerging as a global leader in ESG focused Bitcoin mining and digital infrastructure.

For more information, visit: www.mawsoninc.com

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

Mawson cautions that statements in this press release that are not a description of historical fact are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words referencing future events or circumstances such as “expect,” “intend,” “plan,” “anticipate,” “believe,” and “will,” among others. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon Mawson’s current expectations and involve assumptions that may never materialize or may prove to be incorrect. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties, which include, without limitation, the possibility that Mawson’s need and ability to raise additional capital, the development and acceptance of digital asset networks and digital assets and their protocols and software, the reduction in incentives to mine digital assets over time, the costs associated with digital asset mining, the volatility in the value and prices of cryptocurrencies and further or new regulation of digital assets. More detailed information about the risks and uncertainties affecting Mawson is contained under the heading “Risk Factors” included in Mawson’s Annual Report on Form 10-K filed with the SEC on March 21, 2022 and Mawson’s Quarterly Report on Form 10-Q filed with the SEC on November 15, 2021, and in other filings Mawson has made and may make with the SEC in the future. One should not place undue reliance on these forward-looking statements, which speak only as of the date on which they were made. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Mawson undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made, except as may be required by law.

Investor Contact:
Brett Maas
646-536-7331
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AUSTIN, Texas--(BUSINESS WIRE)--Hyliion Holdings Corp. (NYSE: HYLN) (“Hyliion”), a leader in electrified powertrain solutions for Class 8 semi-trucks, today announced that Mone Transport has ordered 20 units backed by deposits to secure Hypertruck ERX™ production slots. Based in Laredo, Texas, the door-to-door service provider is an early adopter of green technology, with Hyliion Hybrid diesel solutions already incorporated into its operations.

Having seen success with the implementation of Hyliion Hybrid products in its fleet, Mone Transport reserved 40 Hypertruck ERX units in July of 2021, and has converted 20 of those reservations to orders after their recent Ride and Drive experience at Hyliion’s headquarters. The order further demonstrates Mone’s commitment to sustainability, with a particular interest in improving fuel economy and driver experience, all while reducing its carbon footprint.

“From the outset of our work with Mone, it was apparent that they are a forward-thinking, technology-minded company and I’m thrilled that their interest in our powertrain solutions continues to grow with their Hypertruck ERX order,” said Thomas Healy, Founder and CEO of Hyliion.

“In showcasing our Hypertruck ERX over the past several months, it’s become increasingly clear that fleets need a practical solution that can help reduce their emissions while maintaining performance. I look forward to our continued collaboration with Mone Transport as they add these units to their fleet and advance on their path to electrification,” Healy added.

“The trucking industry is far behind when it comes to innovative technology, and we’re excited to play our part in helping accelerate the adoption of solutions that tackle climate change. These Hypertruck ERX units will enable us to break away from the volatile diesel fuel market and begin utilizing alternative fuels for a cleaner and more efficient fleet, benefiting our customers, drivers and the environment,” said Andres Garcia, President of Mone Transport.

About the Hypertruck ERX

The Hypertruck ERX™ is an electric powertrain that is recharged by an onboard natural gas generator for Class 8 commercial trucks that aims to provide lower operating costs, emissions reductions, and superior performance. Utilizing the 700+ commercial natural gas vehicle filling stations across North America, it enables long range and quick refueling, and when fueled with renewable natural gas, can provide net-negative carbon emissions to commercial fleets.

About Hyliion

Hyliion’s mission is to reduce the carbon intensity and greenhouse gas (GHG) emissions of Class 8 commercial trucks by being a leading provider of electrified powertrain solutions. Leveraging advanced software algorithms and data analytics capabilities, Hyliion offers fleets an easy, efficient system to decrease fuel and operating expenses while seamlessly integrating with their existing fleet operations. Headquartered in Austin, Texas, Hyliion designs, develops, and sells electrified powertrain solutions that are designed to be installed on most major Class 8 commercial trucks, with the goal of transforming the commercial transportation industry’s environmental impact at scale. For more information, visit www.hyliion.com.

Forward Looking Statements

The information in 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. All statements, other than statements of present or historical fact included in this press release, regarding Hyliion and its future financial and operational performance, as well as its strategy, future operations, estimated financial position, estimated revenues, and losses, projected costs, prospects, plans and objectives of management are forward looking statements. When used in this press release, including any oral statements made in connection therewith, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, Hyliion expressly disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements herein, to reflect events or circumstances after the date of this press release. Hyliion cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Hyliion. These risks include, but are not limited to, Hyliion’s ability to disrupt the powertrain market, Hyliion’s focus in 2022 and beyond, the effects of Hyliion’s dynamic and proprietary solutions on its commercial truck customers, accelerated commercialization of the Hypertruck ERX™, the ability to meet 2022 and future product milestones, the impact of COVID-19 on long-term objectives, the ability to reduce carbon intensity and greenhouse gas emissions and the other risks and uncertainties set forth in “Risk Factors” section of Hyliion’s annual report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on February 24, 2022 for the year ended December 31, 2021. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Should one or more of the risks or uncertainties described in this press release occur, or should underlying assumptions prove incorrect, actual results and plans could different materially from those expressed in any forward-looking statements. Additional information concerning these and other factors that may impact Hyliion’s operations and projections can be found in its filings with the SEC. Hyliion’s SEC Filings are available publicly on the SEC’s website at www.sec.gov, and readers are urged to carefully review and consider the various disclosures made in such filings.

Hyliion Holdings Corp.
Ryann Malone
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LA PLATA, Md.--(BUSINESS WIRE)--The Wills Group, including its family of businesses, Dash In, Splash In ECO Car Wash, and SMO Motor Fuels, is proud to announce today that it has been Certified™ by Great Place to Work^® as one of the nation’s top employers in 2022.

Great Place to Work^® is the global authority on workplace culture, employee experience, and the leadership behaviors proven to deliver market-leading revenue, employee retention, and increased innovation. This prestigious award is based solely on what current employees say about their experience working for their employer. This year, 82 percent of Wills Group survey respondents said the company is a great place to work, compared to a 57 percent survey response in a typical U.S.-based company.

“Great Place to Work Certification™ isn’t something that comes easily – it takes ongoing dedication to the employee experience,” said Sarah Lewis-Kulin, vice president of global recognition at Great Place to Work. “It’s the only official recognition determined by employees’ real-time reports of their company culture. Earning this designation means that the Wills Group is one of the best companies to work for in the country.”

81 percent of survey respondents also agreed that the Wills Group has special and unique benefits, with 88 percent agreeing that they were made to feel welcome upon joining the company, and 90 percent noted feeling good about how the organization contributes to the community through its signature Community Engagement Program initiatives: Ending Childhood Hunger and Enhancing Outdoor Spaces.

“We are thrilled to be Great Place to Work-Certified™, as employee engagement is a top priority at the Wills Group,” said Blackie Wills, President and Chief Operating Officer of the Wills Group. “It reflects how we continue to invest in building a great culture, providing rich benefits, and instilling a sense of purpose that our employees and communities can embrace. That purpose being keeping Lives in Motion.”

According to Great Place to Work research, individuals looking for a job are 4.5 times more likely to find a great boss at a Certified™ workplace. Employees at Certified workplaces are also 93% more likely to look forward to coming to work, and are twice as likely to be paid fairly, earn a fair share of the company’s profits, and have a fair chance at promotion.

“Our Wills Group, Dash In, Splash In ECO Car Wash, and SMO Motor Fuels teams come to work for more than just a paycheck,” said Mark Oliver, Executive Vice President, Talent and People Operations with the Wills Group. “They tell us that they are here to learn, make contributions, and make an impact.”

The Wills Group employee benefits and rewards program includes college tuition reimbursement options and reimbursement for earning a Graduate Equivalency Degree (GED). The company also offers one of the most generous 401k programs in their industry and comprehensive health insurance, maternity, and paternity leave. It now also offers pet insurance to all eligible employees. The Wills Group has also reinvested in its all-new headquarters located in La Plata, Maryland, to provide employees with an engaging and collaborative environment that offers the tools they need to be productive.

To learn more about career opportunities with the Wills Group, please visit willsgroup.com/careers.

About the Wills Group, Inc.

Headquartered in La Plata, Maryland, the Wills Group has 277 retail locations across the Mid-Atlantic region, including Dash In, Splash In ECO Car Wash, and SMO Motor Fuels. A family-owned company since 1926 with expertise in convenience retailing, fuels marketing, and commercial real estate, the Wills Group prides itself on keeping customers, employees, and communities’ Lives in Motion. For more information about the Wills Group, visit willsgroup.com.

About Great Place to Work Certification™

Great Place to Work^® Certification™ is the most definitive “employer-of-choice” recognition that companies aspire to achieve. It is the only recognition based entirely on what employees report about their workplace experience – specifically, how consistently they experience a high-trust workplace. Great Place to Work Certification is recognized worldwide by employees and employers alike and is the global benchmark for identifying and recognizing outstanding employee experience. Every year, more than 10,000 companies across 60 countries apply to get Great Place to Work-Certified.

About Great Place to Work

Great Place to Work is the global authority on workplace culture. Since 1992, they have surveyed more than 100 million employees around the world and used those deep insights to define what makes a great workplace: trust. Great Place to Work helps organizations quantify their culture and produce better business results by creating a high-trust work experience for all employees. Their unparalleled benchmark data is used to recognize Great Place to Work-Certified™ companies and the Best Workplaces in the U.S. and more than 60 countries, including the 100 Best Companies to Work For^® and World’s Best list published annually in Fortune. Everything they do is driven by the mission to build a better world by helping every organization become a great place to work For All.™

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The Wills Group
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Alluvus
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Agreement to deliver convenient, integrated charging experience for drivers in North America

CAMPBELL, Calif. & PLANO, Texas--(BUSINESS WIRE)--ChargePoint (NYSE: CHPT), a leading electric vehicle (EV) charging network, and Toyota Motor North America, Inc. (Toyota) today announced agreements to enable convenient, accessible home and public electric vehicle (EV) charging for drivers of Toyota’s new battery electric bZ4X SUV.

“As esteemed automotive brands like Toyota continue to electrify transportation with new models of cars, trucks, SUVs, and fleet vehicles, ChargePoint continues to enable EV charging wherever drivers live, work, and play,” said Pasquale Romano, president and CEO of ChargePoint. “This agreement combines Toyota’s leadership in mobility with our leadership in providing charging everywhere drivers need it, including home and public charging, to provide a seamless, convenient charging experience for bZ4X drivers.”

Leading companies work together to enhance driver experience

Through the agreement, bZ4X drivers will have access to ChargePoint’s industry-leading home and public charging solutions. To ensure drivers can charge wherever they need it, bZ4X drivers will have access to the ChargePoint network of Level 2 and DC fast chargers across North America. The company’s extensive network of charging stations, and roaming partner stations, provides bZ4X drivers access to more than 80% of charging spots in North America.

Drivers can charge up to nine times faster

For residential charging needs, drivers will have the option of purchasing a ChargePoint Home Flex Level 2 charger either from participating Toyota dealerships or directly through ChargePoint online. With the ChargePoint Home Flex connected charger, drivers can charge up to nine times faster than a standard outlet. Using the ChargePoint app, drivers can save money by scheduling charging times when energy is cheapest, track their charging, get charging reminders, and find places to charge through their smartphone.

“We want to instill a feeling of confidence in our bZ4X customers by providing a variety of charging options both at home and away to serve each customer’s unique charging needs and preferences,” said Christopher Yang, vice president of EV Charging Solutions, Toyota Motor North America. “The ChargePoint home charger and public charging network will further enhance our customers’ ownership experience of the bZ4X.”

About ChargePoint

ChargePoint is creating a new fueling network to move people and goods on electricity. Since 2007, ChargePoint has been committed to making it easy for businesses and drivers to go electric with one of the largest EV charging networks and a comprehensive portfolio of charging solutions. The ChargePoint cloud subscription platform and software-defined charging hardware are designed to include options for every charging scenario from home and multifamily to workplace, parking, hospitality, retail and transport fleets of all types. Today, one ChargePoint account provides access to hundreds of thousands of places to charge in North America and Europe. To date, more than 110 million charging sessions have been delivered, with drivers plugging into the ChargePoint network every two seconds or less. For more information, visit the ChargePoint pressroom, the ChargePoint Investor Relations site, or contact the ChargePoint North American European press offices or Investor Relations.

About Toyota

Toyota (NYSE:TM) has been a part of the cultural fabric in North America for more than 60 years, and is committed to advancing sustainable, next-generation mobility through our Toyota and Lexus brands, plus our more than 1,800 dealerships.

Toyota directly employs more than 48,000 people in North America who have contributed to the design, engineering, and assembly of nearly 43 million cars and trucks at our 13 manufacturing plants. By 2025, Toyota’s 14th North American plant, located in North Carolina, will begin to manufacture automotive batteries for electrified vehicles. Toyota has more electrified vehicles on the road than any other automaker, with electrified vehicles comprising more than a quarter of the company’s 2021 North American sales.

Through the Start Your Impossible campaign, Toyota highlights the way it partners with community, civic, academic and governmental organizations to address our society’s most pressing mobility challenges. We believe that when people are free to move, anything is possible. For more information about Toyota, visit www.ToyotaNewsroom.com.

CHPT-IR

Press North America
Jennifer Bowcock
VP, Communications
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MACON, Ga.--(BUSINESS WIRE)--Blue Bird Corporation (Nasdaq: BLBD), the leader in electric and low-emission school buses, today announced the appointment of Britton Smith as senior vice president, Electrification and Chief Strategy Officer, with immediate effect.

In his current role, Smith is responsible for further strengthening Blue Bird’s leadership in electric-powered school buses, expanding the company’s electric vehicle (EV) ecosystem, and establishing strategic partnerships to drive performance.

Smith has over 20 years of leadership experience in public and private-equity-owned companies across manufacturing, industrial, healthcare, financial services, and services sectors. Most recently he served as director, Strategy and Deal Advisory at KPMG. Before then, Smith held various executive roles, including Chief Operating Officer at financial services company DFC Global Corp, and Associate Principal at management consulting firm McKinsey & Company.

“Britton’s broad industry and leadership experience makes him a strong executive team member to further fortify Blue Bird's leadership position in zero-emission electric school buses,” said Matthew Stevenson, president and CEO, Blue Bird Corporation. “He will be instrumental in turning our vision of an employee-centric, high performance organization into reality. Together, we will advance clean transportation solutions to shape the future of the industry.”

Smith succeeds Trevor Rudderham who has decided to retire after a distinguished, over 40-year career in the automotive and transportation industry. Rudderham has served in the role of senior vice president, Electrification since July 2020. He will stay on through the end of May to ensure a smooth leadership transition.

Smith holds a master’s degree in Business Administration from Harvard Business School and a bachelor's degree in Mechanical Engineering with Highest Distinction from the United States Naval Academy.

About Blue Bird Corporation

Blue Bird (NASDAQ: BLBD) is recognized as a technology leader and innovator of school buses since its founding in 1927. Our dedicated team members design, engineer and manufacture school buses with a singular focus on safety, reliability, and durability. Blue Bird buses carry the most precious cargo in the world – the majority of 25 million children twice a day – making us the most trusted brand in the industry. The company is the proven leader in low- and zero-emission school buses with more than 20,000 propane, natural gas, and electric powered buses in operation today. Blue Bird is transforming the student transportation industry through cleaner energy solutions. For more information on Blue Bird's complete product and service portfolio, visit www.blue-bird.com. For Blue Bird's line of emission-free electric buses, visit www.bluebirdelectricbus.com.

Julianne Barclay
TSN Communications
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