TurnOnGreen Overcomes Supply Chain Bottlenecks to Resume Expansion of EV Charging Network and E-Commerce Operations

LAS VEGAS--(BUSINESS WIRE)--$AGH #AmosKohn--BitNile Holdings, Inc. (NYSE American: NILE), a diversified holding company (the “Company”), announced today that its green energy technology and power electronics subsidiary, TurnOnGreen, Inc. (“TurnOnGreen”), has resumed work on the installation of its Level 3 electric vehicle (“EV”) chargers at the first of three Tim Hortons quick service restaurant locations in Canada. COVID-19 pandemic-related supply chain issues and restricted access to Canada delayed the pilot program. Since resuming in February 2022, significant milestones have been reached.

In December 2020, TurnOnGreen entered into an agreement with select franchisees to install Level 3 EV chargers at select Tim Hortons locations as part of a revenue-sharing program. Since the resumption of work, TurnOnGreen, with its Canadian partner, has completed site planning, permitting and provisioning the required power infrastructure to support the installation of two FSP1200, 120 kW DC Fast Chargers at the first pilot location. Installation is expected to be completed during the second quarter of 2022.

Furthermore, obtaining the safety certificate for EV700 Level 2 residential charger and easing supply chain restrictions has increased inventory, allowing TurnOnGreen’s distribution partner iNetSupply to expand its EV700 charger sales to NewEgg.com. The EV700 is now sold at four major online retailers, including Amazon.com, NewEgg.com, and iNetSupply.com. TurnOnGreen’s flagship product continues to gain consumer interest following the 4.4 star rating from industry specialist Tom Moloughney on his popular technology show State of Charge.

“Despite many obstacles in 2020 and 2021, TurnOnGreen has remained committed to product development and revenue growth,” said Marcus Charuvastra, Chief Revenue Officer for TurnOnGreen. “We expect to continue to build value through superior product offerings and our firm commitment to our commercial and direct-to-consumer distribution partners in Canada and the United States, respectively.”

“We are pleased to reach a major milestone in commercializing our flagship, feature-reach EV700 Level 2 charger. We are also excited to have made significant progress with our DC Fast Charging project in Canada,” said TurnOnGreen Chief Executive Officer, Amos Kohn. “We expect to continue to expand operations in the Canadian market through strategic partnerships such as our partnership with Okanogan TH Holdings Ltd. related to the Tim Hortons’ agreement.”

For more information on TurnOnGreen’s product line, please visit www.TurnOnGreen.com.

For more information on BitNile Holdings and its subsidiaries, BitNile recommends that stockholders, investors, and any other interested parties read BitNile’s public filings and press releases available under the Investor Relations section at www.BitNile.com or available at www.sec.gov.

About BitNile Holdings, Inc.

BitNile Holdings, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, BitNile owns and operates a data center at which it mines Bitcoin and provides mission-critical products that support a diverse range of industries, including defense/aerospace, industrial, automotive, telecommunications, medical/biopharma, and textiles. In addition, BitNile extends credit to select entrepreneurial businesses through a licensed lending subsidiary. BitNile’s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.BitNile.com.

About TurnOnGreen, Inc.

TurnOnGreen Inc. designs and manufactures innovative, feature-rich, and top-quality power products for mission-critical applications, lifesaving and sustaining applications spanning multiple sectors in the harshest environments. The diverse markets we serve include defense and aerospace, medical and healthcare, industrial, telecommunications and e-Mobility. TurnOnGreen brings decades of experience to every project, working with our clients to develop leading-edge products to meet a wide range of needs. TurnOnGreen’s headquarters are located at Milpitas, CA; www.turnongreen.com.

Forward-Looking Statements

This press release contains “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. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at www.BitNile.com.

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MONTREAL--(BUSINESS WIRE)--Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of sustainable gas technologies, announces that in recognition of the accelerated progress made to date in transitioning Jim Vounassis into the role of President and CEO of Xebec, it has been determined to advance the formal date of such transition from May 12, 2022, such that it will take effect immediately. Mr. Vounassis has also been appointed to the Board of Directors, effective immediately.

“We are delighted to welcome Jim officially in his role as President and CEO of Xebec, and on behalf of the Board wish him success in taking Xebec through the next phase of its evolution,” commented William Beckett, Lead Independent Director of Xebec Adsorption Inc.

The current CEO and President Kurt Sorschak is retiring as a member of Xebec’s executive management team but will, however, remain as the Chairman of the Board until May 11, 2022, at which point he will retire from the Board and the next generation of leadership will build upon the solid foundation that he has created. Once again, Xebec thanks Mr. Sorschak for his 18 years of dedication and service to the company.

Related links:

https://www.xebecinc.com

About Xebec Adsorption Inc.

Xebec is a global provider of sustainable gas solutions used in energy, mobility and industrial applications. The company specializes in deploying a portfolio of proprietary technologies for the distributed production of hydrogen, renewable natural gas, oxygen and nitrogen. By focusing on environmentally responsible gas generation, Xebec has helped thousands of customers around the world reduce their carbon footprints and operating costs. Headquartered in Québec, Canada, Xebec has a worldwide presence with eight manufacturing facilities, seventeen Cleantech Service Centers and four sales offices spanning over four continents. Xebec trades on the Toronto Stock Exchange under the symbol (TSX: XBC). For more information, xebecinc.com.

Cautionary Statement

This press release contains forward-looking statements and forward-looking information (together, “forward-looking statements”) within the meaning of applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements, and subject to risks and uncertainties. Generally, forward-looking statements can be identified by the use of terminology such as “plans”, “seeks”, “expects”, “estimates”, “intends”, “anticipates”, “believes”, “could”, “might”, “likely” or variations of such words, or statements that certain actions, events or results “may”, “will”, “could”, “would”, “might”, “will be taken”, “occur”, “be achieved” or other similar expressions. Forward-looking statements also include, but are not limited to, the statements regarding Xebec’s future appointment of a permanent CEO, the formal appointment of a new COO and the general timing related thereto. Forward-looking statements are subject to business and economic factors and uncertainties, and other factors that could cause actual results to differ materially from these forward-looking statements, including the relevant assumptions and risks factors set out in Xebec’s public documents, including in the most recent annual management discussion and analysis and annual information form, filed on SEDAR at www.sedar.com. Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. Although Xebec believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, Xebec disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Investor Relations:

Xebec Adsorption Inc.
Brandon Chow, Director, Investor Relations
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DUBLIN--(BUSINESS WIRE)--The "Global Green Bond Market - Analysis By Type of Issuer, Sector, By Region, By Country (2022 Edition): Market Insights and Forecast with Impact of COVID-19 (2022-2027)" report has been added to ResearchAndMarkets.com's offering.

The Global Green Bond Market was valued at USD 433.30 Billion in the year 2021.

Green bonds are used to fund green projects such as renewable energy, clean transportation, and long-term water management. Government Backed Entities, Non-Financial Corporates, Financial Corporates, Sovereign, Development Banks, Local Government, and other sectors are frequently used to segment green bonds.

Green bonds can also be categorized based on issuer kinds, issuing currency, issue deal size, and other factors. The green bond market is expected to rise in response to expanding demand for renewable energy, clean drinking water, and sanitation, rising concern about CO2 emissions, more awareness about forest protection, and global urbanization, among other factors.

Based on Type of Issuer, the market is segmented into Non-Financial Corporate, Financial Corporate, Government-Backed Entity, Development Bank, Others. The Non-Financial Corporate segment is expected to grow at a higher CAGR during the forecast period as the investment in Green Bond Market is growing by this segment.

Europe is estimated to hold the maximum share in the global Green Bond Market in 2021. During the forecast period, Asia-Pacific is set to be the fastest-growing regional market. Furthermore, Asia-Pacific is seeing great growth as a result of a variety of factors. Several factors have contributed to the rapid growth of green bond markets in Asia-Pacific.

At a broad level, investors are becoming more conscious of the need for sustainable investment, with a recent survey finding that nearly two-thirds of Asian investors are eager to make their investments more sustainable. Green bond issuance has piqued the interest of governments in the region.

Countries looking to expand renewable energy can turn to the bond market, which now includes an increasing number of securities dedicated to environmentally friendly, climate-safe project financing. Renewable energy has risen to prominence as a significant beneficiary of green bond profits.

The report tracks competitive developments, strategies, mergers and acquisitions and new product development. The companies analysed in the report include:

Scope of the Report:

• The report analyses the Green Bond Market by value (USD Billion)
• The report presents the analysis of Green Bond Market for the historical period of 2017-2021 and the forecast period of 2022-2027
• The report analyses the Green Bond Market by Type of Issuer (Non-Financial Corporate, Financial Corporate, Government-Backed Entity, Development Bank, Others)
• The report analyses the Green Bond Market by Sector (Energy, Building & Industry, Transport, Water, Multi-Sector)
• The Global Green Bond Market has been analysed by Countries (United States, Canada, Brazil, Mexico, Germany, France, The Netherlands, China, Japan, India)
• The key insights of the report have been presented through the frameworks of SWOT and Porter's Five Forces Analysis. Also, the attractiveness of the market has been presented by region, by Type of Issuer, by Sector
• Also, the major opportunities, trends, drivers and challenges of the industry has been analysed in the report.

Company Profiles (Business Description, Financial Analysis, Business Strategy)

• BNP Paribas S.A.
• HSBC Holdings plc
• Credit Agricole
• Citigroup Inc.
• Deutsche Bank AG
• JPMorgan Chase & Co.
• BofA Securities, Inc.
• Barclays plc
• TD Securities
• Morgan Stanley

Key Target Audience:

• Green Bond Market Industry Entrepreneurs/ Distributors
• Consulting and Advisory Firms
• Financial and Non-Financial Corporates
• Government and Policy Makers
• Regulatory Authorities

Key Topics Covered:

1. Report Scope and Methodology

2. Strategic Recommendations

3. Global Green Bond Market: Product Overview

4. Global Green Bond Market: An Analysis

5. Global Green Bond Market Segmentation Analysis

6. Global Green Bond Market: Analysis By Sector

7. Global Green Bond Market: Regional Analysis

8. Americas Green Bond Market: An Analysis (2017-2027)

9. Europe Green Bond Market: An Analysis (2017-2027)

10. Asia-Pacific Green Bond Market: An Analysis (2017-2027)

11. Global Green Bond Market Dynamics

12. Market Attractiveness

13. Competitive Landscape

14. Global Green Bond Market: Recent Developments, Merger & Acquisition

15. Global Green Bond Market: Major Key Players Bonds & Deals

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

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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EPS UP 133%; BACKLOG UP 57%; 2022 OUTLOOK RAISED

LOUISVILLE, Ky.--(BUSINESS WIRE)--Sypris Solutions, Inc. (Nasdaq/GM: SYPR) today reported financial results for its fourth quarter and full-year ended December 31, 2021.

HIGHLIGHTS
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• Revenue for the fourth quarter increased 25.2% year-over-year, driven by a 30.0% increase at Sypris Electronics and a 21.7% increase at Sypris Technologies.
• Gross profit increased 65.1% year-over-year, the result of an 83.5% increase at Sypris Electronics and a 51.5% increase at Sypris Technologies.
• Gross margin increased 420 basis points to 17.1%, reflecting a 540-basis point expansion for Sypris Electronics and a 310-basis point increase for Sypris Technologies.
• Earnings per diluted share rose 133.3% to $0.02 per share, up from a loss of $0.06 per share for the prior-year period, reflecting the combined strength of top line growth and margin expansion. EPS for the full year increased 62.5% to $0.13 per share, up from $0.08 per share for 2020.
• Year-end backlog increased 56.8% when compared to the prior-year period, driven by a 46.1% increase in orders for the year at Sypris Electronics.
• Sypris Electronics recently announced several important new contract awards, including the following:
  • A contract to manufacture and test embedded circuit card assemblies that will perform certain cryptographic functions for the Army Key Management System, with production to begin in 2022;
  • A multi-year follow-on contract to produce and test electronic power supply modules for a large, mission-critical U.S. Navy program, which is expected to result in a meaningful step-up in shipments from existing levels beginning in 2022; and
  • A multi-year follow-on contract to produce and test a variety of electronic power supply modules for a mission-critical, long-range, precision-guided anti-ship missile system, which is forecast to result in a material increase in production volume from existing levels beginning in 2022.
• Subsequent to quarter-end, Sypris Technologies announced a long-term, sole-source contract extension to provide drivetrain components for use in the production of medium and heavy-duty commercial vehicles. In addition, the Company was awarded a new program to supply components for use in all-terrain vehicles.
• The Company updated its outlook for 2022, with revenue now expected to increase 25% to 30% year-over-year, up from prior guidance of 25% in November. Gross margins are now expected to expand 200 to 250 basis points on the year, up from 200 basis points previously, while cash flow from operations is still forecast to increase materially year-over-year.

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“We were pleased with our fourth quarter performance, as both segments reported strong double-digit growth in both revenue and gross profit while operating in an increasingly dynamic environment. Our teammates throughout the company simply did an excellent job and as a result, we are well-positioned for further growth in 2022,” commented Jeffrey T. Gill, Chairman, President & Chief Executive Officer.

“Full year revenue increased over 18% from the prior year, primarily driven by strong demand in the automotive, commercial vehicle, sport utility and off-highway markets served by Sypris Technologies. Our recent announcement of the long-term, sole-source contract extension with one of our key customers, when combined with the favorable outlook in our markets, provides Sypris Technologies with a solid path for additional growth going forward.”

“Backlog for Sypris Electronics reached its highest point in over a decade, with deliveries now scheduled well into 2023. Revenue in the fourth quarter increased 23% sequentially and 30% year-over-year, while recent contract wins are expected to provide meaningful growth to our top line during 2022. We have received customer support for multi-year material commitments to meet this growth, which is expected to help alleviate future potential production disruptions.”

“Our energy markets have strengthened, resulting in a much-improved fourth quarter for our energy products business when compared to the prior year. Additional opportunities for growth may exist with new projects in support of increasing oil and gas production. We are also actively pursuing applications for our products in new and adjacent markets to further diversify our market and customer portfolios.”

Fourth Quarter and Full-Year Results

The Company reported revenue of $25.8 million for the fourth quarter ended December 31, 2021, compared to $20.6 million for the prior-year period. Net income was $0.4 million for the fourth quarter of 2021, or $0.02 per diluted share, compared to a net loss of $1.2 million, or $0.06 per share, for the prior-year period. Results for the quarter ended December 31, 2020, include a loss of $0.6 million on the disposal of assets.

For the full-year 2021, the Company reported revenue of $97.4 million compared with $82.3 million for the prior year. Net income was $2.9 million, or $0.13 per diluted share, for 2021 compared with $1.7 million, or $0.08 per diluted share, for the prior year. Results for 2021 include the recognition of a $3.6 million gain on the forgiveness of the Company’s PPP loan. Results for 2020 include an income tax benefit of $3.2 million, primarily from the release of a valuation allowance on certain foreign deferred tax assets, and net gains of $0.2 million from the sale of idle assets by Sypris Technologies.

Sypris Technologies

Revenue for Sypris Technologies was $14.7 million in the fourth quarter of 2021 compared to $12.1 million for the prior-year period, reflecting the positive impact of new programs, the strength of the commercial vehicle market and increased energy related product sales. Gross profit for the fourth quarter of 2021 was $2.3 million, or 15.8% of revenue, compared to $1.5 million, or 12.7% of revenue, for the same period in 2020. Gross profit for the fourth quarter of 2021 was positively impacted by the increase in volume and a favorable product mix.

Sypris Electronics

Revenue for Sypris Electronics was $11.1 million in the fourth quarter of 2021 compared to $8.5 million for the prior-year period. Shipments under a full rate production contract ramped during the fourth quarter of 2021 along with increased shipments for a communications program, driving the increase in revenue. Supply chain constraints partially offset these gains, limiting shipments on certain other programs in the period. Gross profit for the fourth quarter of 2021 was $2.1 million, or 18.7% of revenue, compared to $1.1 million, or 13.3% of revenue, for the same period in 2020 due to higher volumes and a more favorable mix. Sypris Electronics secured favorable pricing from a customer on certain units shipped during the period on one of its multi-year programs. Additionally, a price increase was enacted during 2021 on another key multi-year program that will continue into 2022.

Outlook

Commenting on the future, Mr. Gill added, “Demand is up considerably from customers serving the automotive, commercial vehicle and sport utility markets, with Class 8 forecasts showing year-over-year production increases of 11.9% for 2022 and an additional 21.6% in 2023. Similarly, demand from customers in the defense and communications sector remains robust. While the outlook for the energy market is somewhat uncertain, we continue to secure new orders on important projects around the world.”

“We expect our backlog and markets to support continued revenue and earnings growth during 2022. We have updated our outlook accordingly, with revenue forecast to increase 25-30% year-over-year. We expect gross margin to follow suit, expanding 200-250 basis points in 2022 when compared to the prior year, while cash flow from operations is forecast to increase materially year-over-year supported by strong earnings growth.”

Webcast and Conference Call Information

Sypris Solutions will host a listen only conference call to discuss the Company's financial results today, March 17, 2022, at 9:00 a.m. (Eastern Time). To listen to the call, participants should dial (833) 316-0560 approximately 10 minutes prior to the start of the call (ask to be joined into the Sypris Solutions, Inc. call).

The live broadcast of Sypris’ quarterly conference call will also be available online at www.sypris.com on March 17, 2022, beginning at 9:00 a.m. (Eastern Time). The online replay will be available at approximately 11:00 a.m. (Eastern Time) and continue for 30 days. Related presentation materials will be posted to the “Investor Information” section of the Company’s website at www.sypris.com, located under the sub-heading “Upcoming Events,” prior to the call.

About Sypris Solutions

Sypris Solutions is a diversified provider of truck components, oil and gas pipeline components and aerospace and defense electronics. The Company produces a wide range of manufactured products, often under multi-year, sole-source contracts. For more information about Sypris Solutions, visit its Web site at www.sypris.com.

Forward Looking Statements

This press release contains “forward-looking” statements within the meaning of the federal securities laws. Forward-looking statements include our plans and expectations of future financial and operational performance. Each forward-looking statement herein is subject to risks and uncertainties, as detailed in our most recent Form 10-K and Form 10-Q and other SEC filings. Briefly, we currently believe that such risks also include the following: our failure to achieve and maintain profitability on a timely basis by steadily increasing our revenues from profitable contracts with a diversified group of customers, which would cause us to continue to use existing cash resources or require us to sell assets to fund operating losses; our failure to successfully complete final contract negotiations with regard to our announced contract “orders”, “wins” or “awards”; our failure to successfully win new business or develop new or improved products or new markets for our products; the termination or non-renewal of existing contracts by customers; breakdowns, relocations or major repairs of machinery and equipment, especially in our Toluca Plant; volatility of our customers’ forecasts especially in the commercial truck markets and our contractual obligations to meet current scheduling demands and production levels (especially in our Toluca Plant), which may negatively impact our operational capacity and our effectiveness to integrate new customers or suppliers, and in turn cause increases in our inventory and working capital levels; cost, quality and availability or lead times of raw materials such as steel, component parts (especially electronic components), natural gas or utilities including increased cost relating to inflation; the impact of the current coronavirus disease (“COVID-19”) and economic conditions on our future operations; possible public policy response to the pandemic, including U. S or foreign government legislation or restrictions that may impact our operations or supply chain; the cost, quality, timeliness, efficiency and yield of our operations and capital investments, including the impact of inflation, tariffs, product recalls or related liabilities, employee training, working capital, production schedules, cycle times, scrap rates, injuries, wages, overtime costs, freight or expediting costs; dependence on, retention or recruitment of key employees and distribution of our human capital; inaccurate data about markets, customers or business conditions; disputes or litigation involving governmental, supplier, customer, employee, creditor, stockholder, product liability, warranty or environmental claims; the fees, costs and supply of, or access to, debt, equity capital, or other sources of liquidity; our reliance on a few key customers, third party vendors and sub-suppliers; inventory valuation risks including excessive or obsolescent valuations or price erosions of raw materials or component parts on hand or other potential impairments, non-recoverability or write-offs of assets or deferred costs; failure to adequately insure or to identify product liability, environmental or other insurable risks; unanticipated or uninsured product liability claims, disasters, public health crises, losses or business risks; the costs of compliance with our auditing, regulatory or contractual obligations; labor relations; strikes; union negotiations; costs associated with environmental claims relating to properties previously owned; pension valuation, health care or other benefit costs; our inability to patent or otherwise protect our inventions or other intellectual property from potential competitors; adverse impacts of new technologies or other competitive pressures which increase our costs or erode our margins; our reliance on revenues from customers in the oil and gas and automotive markets, with increasing consumer pressure for reductions in environmental impacts attributed to greenhouse gas emissions and increased vehicle fuel economy; U.S. government spending on products and services that Sypris Electronics provides, including the timing of budgetary decisions; changes in licenses, security clearances, or other legal rights to operate, manage our work force or import and export as needed; risks of foreign operations; currency exchange rates; war, geopolitical conflict, terrorism, or political uncertainty, including disruptions resulting from the conflict between Russia and Ukraine arising out of international sanctions, foreign currency fluctuations and other economic impacts; the potential default of the U.S. federal government if Congress fails to pass a 2022 budget resolution; cyber security threats and disruptions, including ransomware attacks on our systems and the systems of third-party vendors and other parties with which we conduct business, all of which may become more pronounced in the event of geopolitical conflicts and other uncertainties, such as the conflict in Ukraine; our ability to maintain compliance with the Nasdaq listing standards minimum closing bid price; risks related to owning our common stock, including increased volatility; or unknown risks and uncertainties. We undertake no obligation to update our forward-looking statements, except as may be required by law.

Anthony C. Allen
Chief Financial Officer
(502) 329-2000

SANTA CRUZ, Calif.--(BUSINESS WIRE)--Joby Aviation, Inc. (NYSE:JOBY), a California-based company developing all-electric aircraft for commercial passenger service, today announced the completion and subsequent approval of its first Systems Review and its first Compliance Review by the Federal Aviation Administration (“FAA”).

These reviews, completed at the end of last year, were recently granted approval by the FAA, providing the Company with confidence in its development approach, preliminary production design, and defined path toward certification.

The Systems Review assessed Joby’s plans and process for the development of complex, safety-critical, aerospace-grade systems and equipment. Systems involved in the review included flight controls, propulsion controls, battery management, among many others.

The Compliance Review evaluated Joby’s approach to the development and verification of aerospace-grade software and airborne electronic hardware.

“The safety of modern aircraft owe much to rigorous, well-defined and repeatable development and verification processes. Successfully completing our first System Review and Compliance Review demonstrates that Joby’s engineering practices are maturing to a level where they can be applied for the most demanding safety-critical development while producing all the required certification data to prove our design to one of the world’s toughest and most respected regulators,” said Tom Ferrell, Development Assurance Lead at Joby.

“We will now proceed to the second round of reviews, which focus on the outputs of Joby’s development process, including validation of certification requirements, design capture, and implementation of that design in both hardware and software.”

Earlier this month, Joby announced it had completed its first series of FAA conformity tests to confirm the material strength of the composite material comprising the aerostructure of the aircraft. In 2020, Joby became the first and only eVTOL company to sign a G-1 (stage 4) certification basis with the FAA, having received an initial (stage 2) signed G-1 from the FAA in 2019.

Joby’s piloted five-seat electric vertical take-off and landing (eVTOL) aircraft can carry four passengers at speeds of up to 200 mph (320 km/h), with a maximum range of 150 miles (240 km). With more than 10 years of development and over a thousand flight tests completed, Joby is targeting the launch of its aerial ridesharing service in 2024.

ABOUT JOBY AVIATION

Joby Aviation, Inc. (NYSE:JOBY) is a California-based transportation company developing an all-electric vertical take-off and landing aircraft which it intends to operate as part of a fast, quiet, and convenient air taxi service beginning in 2024. The aircraft, which has a maximum range of 150 miles on a single charge, can transport a pilot and four passengers at speeds of up to 200 mph. It is designed to help reduce urban congestion and accelerate the shift to sustainable modes of transit. Founded in 2009, Joby employs around 1,000 people, with offices in Santa Cruz, San Carlos, and Marina, California, as well as Washington, D.C. and Munich, Germany. To learn more, visit www.jobyaviation.com.

Forward Looking Statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding the development and performance of our aircraft including our initial plant capacity and regulatory outlook; our business plan, objectives, goals and market opportunity; and our current expectations relating to our business, financial condition, results of operations, prospects and capital needs. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “anticipate”, “estimate”, "expect”, “project”, “plan”, “intend”, “believe”, “may”, “will”, “should”, “can have”, “likely” and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events. All forward looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including: our limited operating history and history of losses; our ability to launch our aerial ridesharing service and the growth of the urban air mobility market generally; our plans to operate a commercial passenger service beginning in 2024; the competitive environment in which we operate; our future capital needs; our ability to adequately protect and enforce our intellectual property rights; our ability to effectively respond to evolving regulations and standards relating to our aircraft; our reliance on a third-party suppliers and service partners; uncertainties related to our estimates of the size of the market for its aircraft and future revenue opportunities; and other important factors discussed in the section titled “Risk Factors” in our Registration Statement on Form S-1 (File No. 333-260608), filed with the Securities and Exchange Commission on October 29, 2021, and in other reports we file with or furnish to the Securities and Exchange Commission. Any such forward-looking statements represent management’s estimates and beliefs as of the date of this press release. While Joby may elect to update such forward-looking statements at some point in the future, it disclaims any obligation to do so, even if subsequent events cause its views to change.

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Paris Solar-Battery Park next step in advancing MGE's net-zero carbon electricity goal

MADISON, Wis.--(BUSINESS WIRE)--Madison Gas and Electric (MGE), in partnership with We Energies and Wisconsin Public Service (WPS), subsidiaries of WEC Energy Group, received approval from the Public Service Commission of Wisconsin to purchase solar energy and battery storage from the Paris Solar-Battery Park. MGE will own 20 megawatts (MW) of solar energy and 11 MW of battery storage from the 200-MW solar and 110-MW battery storage facility in Kenosha County, Wisconsin.

"We are working every day toward deep carbon reductions and net-zero carbon electricity by 2050. The Paris Solar-Battery Park continues the progress we've already made increasing renewable energy, reducing carbon emissions and advancing new technologies to benefit all our customers," said Jeff Keebler, MGE Chairman, President and CEO. "MGE's first addition of utility-scale battery storage is a new and important technology to help us reach our sustainable energy goals."

Located on about 1,500 acres in the Town of Paris in Kenosha County, the Paris Solar-Battery Park will feature up to 750,000 solar panels. It will generate enough clean energy to power about 60,000 households. MGE's share of the output will power about 6,000 households.

We Energies and WPS will own the remaining 180 MW of the solar output and 99 MW of battery storage from the project. Construction is expected to begin this year, and the project is expected to begin serving customers in spring 2023. Invenergy LLC is the project developer and will construct the Paris Solar-Battery Park.

Path toward net‐zero carbon electricity: 80% carbon reduction by 2030

MGE has a goal to reduce carbon emissions at least 80% by 2030, consistent with global climate science to limit global warming. MGE continues to transition its energy supply to cleaner sources, with the anticipated addition of nearly 400 MW of wind, solar and battery storage between 2015 and 2024.

In May 2019, MGE announced its goal of net-zero carbon electricity by 2050, making it one of the first utilities in the nation to commit to net-zero carbon by mid-century. MGE's net-zero goal is consistent with climate science from the Intergovernmental Panel on Climate Change (IPCC) October 2018 Special Report on limiting global warming to 1.5 degrees Celsius. To achieve deep decarbonization, MGE is growing its use of renewable energy, engaging customers around energy efficiency and working to electrify transportation, all of which are key strategies identified by the IPCC.

About MGE

MGE generates and distributes electricity to 159,000 customers in Dane County, Wis., and purchases and distributes natural gas to 169,000 customers in seven south-central and western Wisconsin counties. MGE's parent company is MGE Energy, Inc. The company's roots in the Madison area date back more than 150 years.

Kaya Freiman
Corporate Communications Manager
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HOUSTON & LONDON--(BUSINESS WIRE)--Baker Hughes (NASDAQ: BKR) will hold a webcast on Wednesday, April 20, 2022 to discuss the results for the first quarter ending March 31, 2022. The webcast is scheduled to begin at 8:30 a.m. Eastern Time (7:30 a.m. Central Time). A press release announcing the results will be issued at 7:00 a.m. Eastern Time (6:00 a.m. Central Time).

To access the webcast, listeners should visit the Baker Hughes website at: investors.bakerhughes.com. An archived version will be available on the website following the webcast.

About Baker Hughes:

Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business 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.

Investor Relations

Jud Bailey
+1 281-809-9088
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Media Relations

Thomas Millas
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Juniper Mist AI dramatically reduces helpdesk tickets, streamlines IT overhead, raises productivity

SUNNYVALE, Calif. & TOKYO--(BUSINESS WIRE)--Juniper Networks (NYSE: JNPR), a leader in secure, AI-driven networks, and NEC Corporation (NEC: TSE: 6701), a leading global IT and network transformation services provider, today announced that they have been selected by Raízen, a global leader in bio-energy solutions, to design and deploy an innovative new Wi-Fi network for its headquarters in São Paulo and offices in Piracicaba, Brazil. In a competitive bid that ousted the legacy provider, the Juniper Mist AI™ solution was chosen to revolutionize the online experience for Raízen’s workforce across its main campus. This Artificial Intelligence for IT Operations (AIOps) approach to Wi-Fi provisioning is also expected to dramatically streamline the IT helpdesk function for Raízen, which is one of Brazil’s largest private business groups.

The Juniper solution has quickly become Raízen’s standard Wi-Fi platform, completely replacing the incumbent solution. (Juniper Networks was named a Leader in the 2021 Gartner® Magic Quadrant™ for Enterprise Wired and Wireless LAN Infrastructure.) With the consultancy and implementation services provided by Juniper’s key global partner NEC, the new platform provides automated and real-time data insights into exactly what Raízen’s users, devices and sites are experiencing on the network. In addition, by using actionable data from individual users, Mist AI provides tailored feedback and proactive support, as well as correlated, AI-driven insights into the network’s overall ongoing health and performance.

The Mist AI solution features enterprise networking’s first virtual network assistant that provides a conversational AI interface, known as Marvis. This unique feature enables Raízen’s IT team to interact with an automated, intelligent tool that understands user intent and delivers improved value and quality of returned results. Marvis can contextualize requests to accelerate troubleshooting workflows, answer product or feature specific questions, provide information about the network and help find any type of network device. Ultimately, this improves specific user experiences by learning from user feedback.

News Highlights

• Raízen is anticipating a 75 percent reduction in its Mean Time to Repair (MTTR) network performance, thanks to Mist AI’s ability to provide real-time visibility and apply automated trouble-shooting.
• In a pre-sales proof-of-concept session, Marvis detected and remediated a major Power over Ethernet problem on a third-party switch in Raízen’s network, taking just two minutes to find, identify and resolve the issue successfully.
• The proactive approach to trouble-shooting and network support delivered by Mist AI and Marvis enables Raízen’s relatively small IT team to scale and utilize time and budget resources in an optimized way.
• NEC’s integration and services support, underpinned by its expertise in networks including Juniper solutions, results in a smooth migration and deployment of the new platform.
• The Mist AI solution is transforming Raízen’s productivity and job satisfaction by providing its workforce with consistently-available network connectivity in support of key business applications including voice and video over Teams, SAP, Office 365 and intranet access.
• Raízen is assessing further projects based on the capabilities of the Juniper Mist cloud, including Wired Assurance, warehouses becoming Wi-Fi enabled and newly-acquired companies making the move to the Juniper solution.

Supporting Quotes

“Wi-Fi should be about convenient, agile and scalable network connectivity that consistently enables employees to be more productive and creative. However, our previous, non-AI solution was delivering exactly the opposite. The Mist AI solution from Juniper is infinitely more reliable to use and simple to operate, intelligently able to detect potential problems, flag them and fix them before our workforce even sees an issue. This approach has transformed our IT operations and support, with remarkable user experiences to show for it.”

- José Eduardo Massad, CIO, Raízen

“Juniper is delivering experience-first networking to Raízen and thousands of other enterprises, built on technology that has been designed to leverage the operational and user benefits of the cloud and AI. Fundamentally, this approach transforms network operations from reactive troubleshooting to proactive remediation through self-driving actions, which in turn creates a superior user experience.”

- Sujai Hajela, Executive Vice President, AI-Driven Enterprise, Juniper Networks

“NEC is honored to contribute as a key business partner to the transformation of Raízen’s network with Juniper’s AI-driven technologies. We are constantly enhancing our network engineering capabilities and strengthening partnerships with industry leaders such as Juniper to deliver state-of-the-art solutions that bring significant value to customers. Based on our rich experiences in Brazil and other markets globally, we take a customer-centric approach aimed at achieving business objectives for the long term.”

- Mayuko Tatewaki, General Manager, Service Provider Solutions Division, NEC Corporation

About Juniper Networks

Juniper Networks is dedicated to dramatically simplifying network operations and driving superior experiences for end users. Our solutions deliver industry-leading insight, automation, security and AI to drive real business results. We believe that powering connections will bring us closer together while empowering us all to solve the world’s greatest challenges of well-being, sustainability and equality. Additional information can be found at Juniper Networks (www.juniper.net) or connect with Juniper on Twitter, LinkedIn and Facebook.

Juniper Networks, the Juniper Networks logo, Juniper, Junos, and other trademarks listed here are registered trademarks of Juniper Networks, Inc. and/or its affiliates in the United States and other countries. Other names may be trademarks of their respective owners.

About NEC Corporation

NEC Corporation has established itself as a leader in the integration of IT and network technologies while promoting the brand statement of “Orchestrating a brighter world.” NEC enables businesses and communities to adapt to rapid changes taking place in both society and the market as it provides for the social values of safety, security, fairness and efficiency to promote a more sustainable world where everyone has the chance to reach their full potential. For more information, visit NEC at http://www.nec.com.

category-enterprise

Media Relations:
Penny Still
Juniper Networks
+44 (0) 1372 385 692
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Joseph Jasper
NEC Corporation
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Rule 21 Enables Capstone Green Energy to Comply with New California Power Generation Communication and Control Requirements

VAN NUYS, Calif.--(BUSINESS WIRE)--$CGRN #CaliforniaRule21--Capstone Green Energy Corporation (NASDAQ: CGRN), a global leader in carbon reduction and on-site resilient green Energy as a Service (EaaS) solutions, announced today that the C65 and C200 inverters have received certification for California Rule 21 tariff requirements. The certification builds upon Capstone’s previous successes with UL1741 SA and prepares inverters for meeting the new UL1741 Supplement B.

“Our Capstone engineering team works continuously to stay ahead of the growing number of new global grid interconnect requirements and standards,” stated Darren Jamison, President and Chief Executive Officer of Capstone. “Country specific standards continue to evolve, and while they are starting to adopt similar standards in certain areas, they are different enough to require detailed software changes and extensive testing in our state-of-the-art grid simulation lab,” added Mr. Jamison.

The controller integrated solution includes a gateway module that facilitates two-way utility connections for remote monitoring, as well as dispatching updated settings for inverter output response. The gateway acts as a communications protocol converter, allowing a utility connection based on IEEE 2030.5 and the Sunspec Common Smart Inverter Profile (CSIP) to read and write data using the proprietary Capstone protocol integrated into the microturbine Smart Inverters. The gateway is also certified as a standalone device in the event that a full feature controller is not required.

“Staying current on the evolving global grid interconnect standards is no small task,” said Don Ayers, Vice President of Technology. “In the case of the Rule 21 certification, we utilized combined resources within the company to ensure that we could complete this project, while continuing to make progress on other challenging grid interconnect projects, particularly for the German market. The success of this project was truly the result of cross-departmental collaboration, along with maintaining close relationships with our external partners,” added Mr. Ayers.

At the turn of the century, traditional grid standards were still primarily focused on ensuring the safe adoption of power generation equipment. However, as photovoltaic (PV) and wind generation accelerated in Germany in the 2000’s, these standards evolved to guide the impact of inverters on grid integrity. The evolution of grid standards has expanded to every country, including the United States, Italy, Australia, and Great Britain, where standards have been developed to meet unique grid infrastructure needs. More recently, these standards continue to advance with the adoption of utility monitoring and control of distributed generating assets, such as Rule 21.

“While we have a small team dedicated to certification and surveillance, we have been able to partner with different Nationally Recognized Testing Laboratories (NRTLs) to stay on top of constantly evolving grid requirements that are promulgated,” said Victor Kong, Director of Product Engineering at Capstone Green Energy. “Ultimately, Capstone can meet these standards for the majority of customer sites, which only involves a quick software update with minimal downtime and no hardware changes.”

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 Generation Technologies (EGT) are driven by the Company's industry-leading, highly efficient, low-emission, resilient microturbine energy systems offering scalable solutions in addition to a broad range of customer-tailored solutions, including hybrid energy systems and larger frame industrial turbines. The Energy Storage Solutions (ESS) business line designs and installs microgrid storage systems creating customized solutions using a combination of battery technologies and monitoring software. Through Hydrogen & Sustainable Products (H2S), Capstone Green Energy offers customers a variety of hydrogen products, including the Company's microturbine energy systems.

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 full fiscal years are estimated to be approximately $698 million in energy savings and approximately 1,115,100 tons of carbon 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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MANHATTAN, N.Y.--(BUSINESS WIRE)--GZA GeoEnvironmental Inc. (GZA), a leading multi-disciplinary firm providing ecological, geotechnical, environmental, water, and construction management services, has named Christopher Anastasiou as a Senior Construction Manager based in GZA’s Manhattan office.

Anastasiou has more than 18 years of experience in project and construction management in commercial development and redevelopment and environmental remediation consulting throughout the New York metropolitan areas. He brings GZA deep expertise in cost estimation, contractor and subcontractor coordination on behalf of clients, health and safety plan preparation, and related client services.

Prior to joining GZA, Anastasiou served as a Project Manager at O’Leary Construction, Inc., a global engineering, management, and development contractor. He has worked with clients such as Con Edison and National Grid on several civil construction projects coordinating project permits, project staff, material handling, as well as generating daily reports, performance statements, invoicing, and project close out documents.

GZA CEO Pat Sheehan, said, “Chris Anastasiou brings over a decade of industry knowledge in specialty construction management and site remediation throughout the greater New York and Long Island regions. His leadership and in-depth experience as a successful project manager will expand GZA’s capabilities with our local long-term energy projects and provide excellent services to our clients in the metropolitan area.”

Anastasiou earned his Bachelor of Science in Environmental Sciences from Stony Brook University on Long Island and holds certifications in E-Railsafe contractor safety, Applied Groundwater Flow & Contaminant Transport Modeling, National Oil Heat Research Alliance (NORA) Oil Technician, and is a New York State Certified Asbestos Inspector. He also is a current member of the New York State Council of Professional Geologists and the National Groundwater Association.

About GZA

GZA is a multi-disciplinary, employee-owned firm providing Geotechnical, Environmental, Ecological, Water, and Construction Management services. GZA’s more than 700 professionals are based in 30 offices in New England, the Mid-Atlantic, and the Great Lakes States. Our corporate headquarters is at 249 Vanderbilt Avenue, Norwood, MA 02062. For additional information, please call Angela Cincotta, Chief of Marketing and Communications at 781-278-5777.

Angela Cincotta
Chief of Marketing and Communications
781-278-5777

ST. CATHARINES, Ontario--(BUSINESS WIRE)--#yourmarinecarrierofchoice--Algoma Central Corporation (“Algoma” or the “Company”) (TSX:ALC), a leading provider of marine transportation services, announced today that the Toronto Stock Exchange (“TSX”) has accepted its notice of intention to proceed with the renewal of its normal course issuer bid (the “NCIB”).

Algoma’s Board of Directors believes that the market price of Algoma’s common shares (“Shares”), from time to time, may not reflect the inherent value of the Company and purchases of Shares pursuant to the NCIB may represent an appropriate and desirable use of funds. Any purchases made under the NCIB will be made by Algoma subject to favourable market conditions at the prevailing market price at the time of acquisition through the facilities of the TSX and/or alternative Canadian trading systems.

Pursuant to the notice, during the twelve month period commencing March 21, 2022 and ending March 20, 2023, Algoma may purchase up to 1,890,047 of its Shares, representing approximately 5% of the 37,800,943 Shares that were issued and outstanding as of March 9, 2022. Under the NCIB, other than purchases made pursuant to block purchase exemptions, Algoma may purchase up to 1,517 Shares on the TSX during any trading day, which represents approximately 25% of the average daily trading volume of the Shares on the TSX for the past six calendar months, being 6,070 Shares. Any Shares purchased under the NCIB will be cancelled.

In conjunction the renewal of the NCIB, Algoma has entered into a new automatic share purchase plan (the “ASPP”) with a designated broker to allow for the purchase of its Shares under the NCIB at times when Algoma normally would not be active in the market due to applicable regulatory restrictions or internal trading black-out periods.

Before the commencement of any particular internal trading black-out period, Algoma may, but is not required to, instruct its designated broker to make purchases of Shares under the NCIB during the ensuing black-out period in accordance with the terms of the ASPP. Such purchases will be determined by the broker in its sole discretion based on parameters established by Algoma prior to commencement of the applicable black-out period in accordance with the terms of the ASPP and applicable TSX rules. Outside of these black-out periods, Shares will continue to be purchasable by Algoma at its discretion under its NCIB.

The ASPP will commence on the Company’s behalf during the quarterly blackout period of the Company for its first quarter 2022 results commencing March 31, 2022 and will terminate on the earliest of the date on which: (a) the maximum annual purchase limit under the NCIB has been reached; (b) Algoma terminates the ASPP in accordance with its terms; or (c) the NCIB expires. The ASPP constitutes an “automatic securities purchase plan” under applicable Canadian securities laws.

The Company’s previous NCIB commenced on March 19, 2021 and expires on March 18, 2022 (the “Previous NCIB”). Under the Previous NCIB, the Company obtained the approval of the TSX to purchase up to 1,890,457 Shares, which represented 5% of the 37,809,143 Shares issued and outstanding as at the close of business on March 8, 2020. The Company purchased no Shares under the Previous NCIB.

Although Algoma intends to purchase Shares under its NCIB there can be no assurances that any such purchases will be completed.

About Algoma Central Corporation

Algoma owns and operates the largest fleet of dry and liquid bulk carriers operating on the Great Lakes - St. Lawrence Waterway, including self-unloading dry-bulk carriers, gearless dry-bulk carriers and product tankers. Since 2010 we have introduced 10 new build vessels to our domestic dry-bulk fleet, with one under construction and expected to arrive in 2024, making us the youngest, most efficient and environmentally sustainable fleet on the Great Lakes. Each new vessel reduces carbon emissions on average by 40% versus the ship replaced. Algoma also owns ocean self-unloading dry-bulk vessels operating in international markets and a 50% interest in NovaAlgoma, which owns and operates a diversified portfolio of dry-bulk fleets serving customers internationally. Algoma truly is Your Marine Carrier of Choice™.

Forward-looking Statements

Certain information contained in this press release may constitute forward-looking information under applicable securities laws, including statements related to Algoma’s intentions with respect to the NCIB and purchases thereunder and the effects of repurchases under the bid. Forward-looking statements, by their very nature, involve inherent risks and uncertainties and are based on several assumptions, both general and specific. Much of this information can be identified by looking for words such as “believe”, “expects”, “expected”, “will”, “intends”, “projects”, “anticipates”, “estimates”, “continues” or similar words. Purchases made under the NCIB are not guaranteed and may be suspended at the discretion of Algoma’s Board of Directors. Forward-looking statements are based on current information and expectations that involve a number of risks and uncertainties, which could cause actual results to differ materially from those anticipated. Forward-looking statements contained in this press release are made as of the date hereof and are subject to change. Algoma assumes no obligation to revise or update forward-looking statements to reflect new circumstances, except as required by law.

Gregg A. Ruhl
President & CEO
905-687-7890

Peter D. Winkley CPA, CA
Chief Financial Officer
905-687-7897

Or visit
www.algonet.com or www.sedar.com

Company’s micro-reactor receives Government of Canada Funding, supports country’s aggressive climate goals

BURLINGTON, Ontario--(BUSINESS WIRE)--Westinghouse Electric Canada announced today, along with the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, an investment of C$27.2 million from the Government of Canada’s Strategic Innovation Fund (SIF). This investment will support funding for the eVinci™ micro-reactor which will bring carbon-free, transportable, safe, and scalable energy anywhere Canada requires reliable, clean energy.

“As our government moves swiftly with our green economic recovery, we are laying the foundation for a better-prepared and more prosperous climate-oriented future,” stated the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry. “Westinghouse’s innovative technology will help deliver cleaner energy sources across Canada, especially in remote communities. This investment will play a critical role in fighting climate change and build on Canada’s global leadership in SMRs, and securing jobs in Ontario’s energy sector.”

Building on decades of Westinghouse innovation, the eVinci micro-reactor will bring clean energy to off-grid sites, remote communities and islands, decentralized generation, industrial sites, mining operations, data centres, universities, marine propulsion, hydrogen generation, and water purification. The flexibility of a transportable eVinci reactor as a primary energy source, or in tandem with other sources such as renewables, will help to reduce Canada’s energy costs by limiting the need for permanent infrastructure.

“The eVinci micro-reactor technology enables many applications which will benefit Canadian industries and communities, especially those in need of carbon-free heat and power,” said David Durham, President, Westinghouse Energy Systems. “We appreciate the Government of Canada’s partnership and are proud to support a Pan-Canadian energy transition program in support of net-zero emissions targets.”

This funding will enable Westinghouse to create and maintain many new permanent jobs in Canada while partnering with the country’s world-class nuclear supply chain and academic institutions.

Westinghouse Electric Company is shaping the future of carbon-free energy by providing safe, innovative nuclear technologies to utilities globally. Westinghouse supplied the world’s first commercial pressurized water reactor in 1957 and the company’s technology is the basis for nearly one-half of the world's operating nuclear plants. For over 130 years, innovation makes Westinghouse is the preferred partner for technologies covering the complete nuclear energy life cycle. For more information, visit www.westinghousenuclear.com and follow us on Facebook, LinkedIn and Twitter.

Cathy Mann,
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• The company will occupy roughly 32,000 square feet at 100 Mill, an 18-story edifice considered a jewel in the Greater Phoenix commercial real estate landscape
• The HQ’s prime venue demonstrates Moov is filling a critical need in the semiconductor industry — creating a more flexible supply chain for capital equipment
• Moov plans to triple its headcount this year, bringing the company’s total number of employees beyond 150. Roughly 75% will be based in the Greater Phoenix area

TEMPE, Ariz.--(BUSINESS WIRE)--Moov, a data-fueled marketplace for used semiconductor manufacturing equipment, today announced the location of its new headquarters in the 100 Mill building in Tempe, Arizona.

Moov will command the 16^th floor, spanning about 32,000 square feet, at 100 Mill. That 18-story tower is among the premier commercial real estate locations in Greater Phoenix. Amazon and Deloitte also are building tenants.

“With our permanent headquarters at 100 Mill, we establish Moov as among the most significant players within the semiconductor industry here in the Silicon Desert,” said Moov co-founder and CEO Steven Zhou. “Our accelerating success and funding are affirmations that Moov is filling a critical need in the semiconductor industry — creating a more flexible supply chain for capital equipment while drastically reducing procurement lead times. As the United States and other countries around the world double down on growing their domestic semiconductor manufacturing capabilities, the ability to quickly and cost-effectively source capital equipment to expand existing capacity and equip new fabs is critical.”

Moov’s new headquarters also sets the stage for the company’s plan to increase its headcount by about 300% in 2022. Moov will employ more than 150 total employees by the end of this year. About three-quarters of the new hires will be based in Greater Phoenix.

The region has become a burgeoning national semiconductor hub, attracting billions of investment dollars in recent months.

A growing urgency has pervaded the sector, as the shortage of new manufacturing equipment, especially for legacy nodes, is increasingly acute. Lead times on some types of equipment can exceed a year. Chip shortages are expected to spur a 10% increase in expenditure on semiconductor equipment this year, hitting a record high of $98 billion, according to the industry trade group SEMI.

Moov is uniquely positioned to solve a problem identified by a U.S. Department of Commerce January report: Less-advanced chips are feeling supply shortages most keenly; they are produced by equipment often no longer in production — an obstacle compounded by the fact that no unified secondary market for equipment exists.

Chicago-based Cushman & Wakefield plc (NYSE: CWK) is assisting Moov’s custom buildout with real estate and project management services.

Amenities at the state-of-the-art 100 Mill building include 10-foot floor-to-ceiling glass, a rooftop deck, a fitness center, a training room and conference center, a tenant bar and lounge, a covered outdoor first-floor patio, a lobby coffee shop, on-site bike storage and retail space spanning 7,500 square feet.

“We are investing time and resources to custom-build our new space, which will accommodate our ambitious hiring plan for the greater Phoenix area, while keeping employee wellness in mind,” Zhou said. “What can we provide to make them most productive while elevating the electric culture we’ve already created? The layout of our new headquarters space encourages easier cross-functional collaboration and sets all Moovers up for success. We’ve also been intentional in the design. It will have stations that accommodate various styles of working: standing, sitting, ‘relaxed,’ private, collaborative, etcetera. We’ll also have unique areas for relaxation and fun that all organically build a sense of camaraderie, where our teammates can gather and talk about things outside of work initiatives.”

Greater Phoenix continues to grow in importance to the U.S. semiconductor industry.

California-headquartered Intel Corp. (Nasdaq: INTC) last year announced it would invest $20 billion to build two new semiconductor factories at the chip company’s Chandler campus. And, the investment by Taiwan Semiconductor Manufacturing Co. in its already-under-construction semiconductor fabrication facility in north Phoenix ultimately could reach roughly $35 billion.

The region now is home to more than 75 semiconductor and related device manufacturing operations that employ nearly 20,000 people, according to the Greater Phoenix Economic Council’s 2021 Semiconductor Industry Report. The council’s current prospect pipeline includes 40 semiconductor manufacturers and related supply chain firms that could bring an additional number of jobs surpassing 10,000 and $45 billion in capital investment to the region. Semiconductor and related device manufacturing jobs in Phoenix grew 10.94% from 2020 to 2021.

Additionally, Moov is contributing to Metro Phoenix’s and Tempe’s boom in the general tech-job market. City of Tempe data shows that Metro Phoenix ranks third nationally in tech talent markets for growth, with Tempe No. 1 within the metro area. Bestplaces.net projects Tempe job growth during the next decade to be 49.9% — significantly higher than the national average of 33.5%. SmartAsset last year listed Tempe No. 7 in its rankings of America’s top boomtowns.

About Moov Technologies Inc.

Headquartered in Tempe, Arizona, and Austin, Texas, Moov is a technology-driven marketplace and asset management platform that matches buyers and sellers of pre-owned semiconductor manufacturing equipment. Built by a team with more than 50 years of experience in the manufacturing equipment brokerage industry, Moov’s platform ensures accurate listings and faster transactions. CEO Steven Zhou and Managing Director Maxam Yeung co-founded the company in 2017. Moov employs more than 50 people, and also boasts a presence in San Francisco; Shanghai, China; and Taipei, Taiwan. To learn more, please visit Moov.co.

Media contact
Treble
Michael Kellner
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State of Michigan awards WiTricity with grant to demonstrate mobility innovation

WATERTOWN, Mass.--(BUSINESS WIRE)--WiTricity, the leader and pioneer in wireless charging for electric vehicles (EVs), today announced it has been awarded a $50,000 grant by the state of Michigan and the Michigan Mobility Funding Platform to deploy an electric vehicle (EV) wireless charging station at the Detroit Smart Parking Lab (DSPL).

The DSPL, announced by Governor Whitmer in August 2021, is operated by the American Center for Mobility (ACM) and is an open innovation platform and real-world testing site for parking-related mobility, logistics and EV charging technologies. The DSPL was established by Bedrock, Bosch, Ford Motor Company and the Michigan Economic Development Corporation (MEDC).

WiTricity will install a working prototype of its WiTricity Halo™ wireless EV charging system at the DSPL. WiTricity will also upgrade an existing EV with wireless charging capabilities to complete the demonstration, showing how EVs equipped with wireless charging can be charged with no cords, cables, or plugs – simply by parking. The demonstration will also show that WiTricity wireless EV charging is just as fast and as efficient as the plug-in alternative. Visitors to the DSPL will experience wireless EV charging in action, see that wireless EV charging is ready for broad commercialization, and understand first-hand how it can spur EV adoption and contribute to a greener future. The technology will be available at the DSPL in late summer 2022.

“To help encourage EV adoption in Michigan and alleviate range anxiety, it will be essential to provide convenient, accessible charging options for drivers,” said Trevor Pawl, Chief Mobility Officer with the Michigan Office of Future Mobility and Electrification (OFME). “We are pleased to provide WiTricity with the funds for its testing at the DSPL – and we are excited to see how its EV charging solutions can improve environmental sustainability in Michigan, and create a more robust mobility ecosystem.”

Grants from the Michigan Mobility Funding Platform aim to catalyze and scale mobility solutions that improve environmental sustainability by encouraging EV adoption and the buildout of EV charging infrastructure. The program also seeks to increase access to affordable and reliable transportation options and modernize existing transportation systems. Together with its partners at Bosch, Ford Motor Company and Bedrock, OFME reviews and administers grant applications for projects being launched at the Detroit Smart Parking Lab. Applications for funding through the platform are accepted on a rolling basis.

“In a recent survey, U.S. consumers considering an EV purchase reported that they would be 68% more likely to purchase an EV if it included wireless charging,” said WiTricity CEO Alex Gruzen. “Our technology will help accelerate EV adoption by making EV ownership experience better, and we’re proud to be able demonstrate the WiTricity Halo Charging experience first-hand at the Detroit Smart Parking Lab.”

WiTricity recently announced an aftermarket wireless charging upgrade solution for owners of select EV models, starting with a limited beta in the U.S. in 2022, which will give EV drivers an end-to-end, hassle-free charging experience. Sign up to stay informed on the WiTricity Halo Charging beta program and visit WiTricity’s website for more information.

About WiTricity
WiTricity is the global industry leader in wireless charging, powering a sustainable future of mobility that is electric and autonomous. WiTricity’s patented magnetic resonance technology is being incorporated into global automakers’ and Tier 1 suppliers’ EV roadmaps and is the foundation of major global standards developed to support wide-scale adoption. Advancements like dynamic charging of moving vehicles, and the charging of autonomous robots and vehicles without human intervention all depend on WiTricity technology. See how WiTricity enables a magically simple, efficient charging experience.

Allison Webster for WiTricity
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(617) 426-2222

BARCELONA, Spain--(BUSINESS WIRE)--Wallbox (NYSE:WBX), a leading provider of electric vehicle (EV) charging and energy management solutions worldwide, today announced its participation in two upcoming institutional investor-focused events following the release of its fourth quarter and full year financial results:

JP Morgan Global ESG Conference on March 24, 2022 at 11:00am GMT
Founder and CEO Enric Asuncion will join this virtual panel discussion on the electrification of Europe and the future of EV charging. Audience Q&A will follow. Interested institutional investors that are clients of JP Morgan should contact their sales person directly.

Piper Sandler EV Charging Day on April 5th at 10:00am EDT
Enric Asuncion will join Piper Sandler for this event and host investor meetings immediately following. This virtual event will be webcasted and can be accessed via the Events and Presentations section of the Investor Relations website at investors.wallbox.com.

About Wallbox

Wallbox is a global technology company, dedicated to changing the way the world uses energy. Wallbox creates advanced electric vehicle charging and energy management systems that redefine users' relationship to the grid. Wallbox goes beyond electric vehicle charging to give users the power to control their consumption, save money, and live more sustainably. Wallbox offers a complete portfolio of charging and energy management solutions for residential, semi-public and public use in more than 98 countries. Founded in 2015 and headquartered in Barcelona, the company now employs over 900 people in its offices in Europe, Asia, and the Americas. For additional information, please visit www.wallbox.com.

Wallbox Forward Looking Statements

This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements regarding the timing of upcoming conferences and events. In some cases, you can identify forward-looking statements by terminology such as “anticipate,” “believe,” “may,” “can,” “should,” “could,” “might,” “plan,” “possible,” “project,” “strive,” “budget,” “forecast,” “expect,” “intend,” “will,” “estimate,” “predict,” “potential,” “continue” or the negatives of these terms or variations of them or similar terminology, but the absence of these words does not mean that statement is not forward-looking. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward looking statements, including those discussed under the caption “Risk Factors” in Wallbox’s final prospectus on Form 424(b)(3) filed with the SEC on November 12, 2021, as such factors may be updated from time to time in its other filings with the SEC, accessible on the SEC’s website at www.sec.gov and the Investors Relations section of Wallbox’s website at investors.wallbox.com. These and other important factors could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any forward-looking statement that Wallbox makes in this press release speaks only as of the date of such statement. Except as required by law, Wallbox disclaims any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise.

Wallbox Public Relations Contact:
Elyce Behrsin
Public Relations
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+34 622 513 358

Wallbox Investor Contact:
Matt Tractenberg
VP, Investor Relations
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+1 404-574-1504

New investment will accelerate development of new battery chemical manufacturing

CLEVELAND--(BUSINESS WIRE)--#batteries--Octet Scientific, Inc., a Cleveland-based developer and future manufacturer of specialty chemicals for sustainable batteries, has received an investment from the Gale Family Office to continue its work formulating safe, sustainable energy and boosting Cleveland’s role in the clean energy future.

Octet is the world’s first developer of specialty chemicals for zinc-based batteries, an inexpensive, nontoxic, and sustainable alternative to lithium-ion and lead-acid. Zinc batteries are emerging in a variety of applications including backup power for data centers and grid storage to support renewable energy, and Octet’s proprietary chemicals will play a critical role in the continuing improvement of these promising young technologies.

While the company was previously awarded nearly $600,000 in state and federal grant funding, the Gale Family is the company’s first private investor.

“Octet is already a leading voice on electrolyte development,” said Brian Gale. “With new funding sources, they will be able to further their work with manufacturers to optimize batteries, increase efficiency, extend operating lifetimes and boost capacity.”

The new funds will support Octet’s scale-up activities through 2022 as it executes roll out of its first product. Currently, Octet’s proprietary chemical products are being tested at battery manufacturers in the US, Canada, Japan, Europe and Australia.

“As the world seeks more efficient and sustainable methods of large-scale energy storage, battery markets are poised to grow by well over 20% annually,” said founder and CEO Onas Bolton. “There is huge potential, and performance, cost, safety, longevity and material availability will be critical differentiators.”

About Octet

Octet Scientific, Inc. is ensuring that tomorrow’s cleanest energy is stored in the world’s cleanest batteries. Our OctoLyte^TM electrolyte chemicals give safe, sustainable zinc-based batteries the high performance they need for devices, backup power, and on the grid. The world’s first company dedicated to optimizing zinc battery chemistry, Octet was founded in 2017 in Cleveland, OH and has won the support of the National Science Foundation and the State of Ohio. For more information visit www.octetsci.com or contact Onas Bolton at This email address is being protected from spambots. You need JavaScript enabled to view it..

#EnergyStorage #Batteries #Sustainability

Onas Bolton
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DAYTON, Ohio--(BUSINESS WIRE)--REX American Resources Corporation (NYSE American: REX), a leading ethanol company, announced today that it will report its fiscal 2021 fourth quarter financial results on Wednesday, March 23, pre-market and will host a conference call and webcast at 11:00 a.m. ET that morning to review the results.

To access the conference call, interested parties may dial 212/231-2936 (domestic and international callers). Participants can also listen to a live webcast of the call by going to the Investors section on the REX website at www.rexamerican.com. A webcast replay will be available for 30 days following the live event.

About REX American Resources Corporation
REX American Resources has interests in six ethanol production facilities, which in aggregate shipped approximately 691 million gallons of ethanol over the twelve-month period ended October 31, 2021. REX’s effective ownership of the trailing twelve-month gallons shipped (for the twelve months ended October 31, 2021) by the ethanol production facilities in which it has ownership interests was approximately 279 million gallons. Further information about REX is available at www.rexamerican.com.

Douglas Bruggeman
Chief Financial Officer
937/276‑3931
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Joseph Jaffoni, Norberto Aja
JCIR
212/835-8500

Planetary’s proprietary accelerated carbon removal tech stores carbon in oceans, while restoring ocean health and generating green hydrogen

DARTMOUTH, Nova Scotia--(BUSINESS WIRE)--Today Planetary Technologies, the first climate technology company to remove carbon using direct ocean capture while creating renewable fuel and restoring ocean damage from climate change, announced it has raised $7.8 million CAD. Planetary closed pre-seed and seed funding rounds at $4.2 million and received $3.6 million CAD through grant funding. Major investors include Innovacorp and Apollo Projects. Planetary will use the funding to build pilot facilities to deploy its proprietary carbon transition technology, which speeds up the earth’s natural process of removing carbon from the air and safely storing it in the ocean, the largest natural carbon sink on earth’s surface.

Founded in 2019, Planetary – formerly Planetary Hydrogen – is led by an international team of engineers and scientists that has developed a process to safely purify alkaline rocks remaining after mining, then add the alkalinity to the ocean, which rapidly enhances the ocean’s natural ability to draw out and permanently sequester carbon from the atmosphere. The additional alkalinity in oceans locally restores the damage caused by increased acidification due to climate change. The purifying of mining rock also produces clean hydrogen as a by-product, which can be used as a zero-carbon fuel.

“The global community agrees that we need a three-pronged approach to stop the harmful effects of climate change – adapt, reduce emissions and remove carbon – and Planetary’s process does all three, the most critical being our ability to remove carbon dioxide from the air,” said Mike Kelland, Planetary CEO. “Carbon removal will be a trillion-dollar industry by 2050, and Planetary is leading the way by creating a safe, scalable and natural solution to slow climate change and even reverse some of the damage already done.”

Planetary’s approach to ocean carbon dioxide removal is unique in the following ways.

• Carbon dioxide is removed from the atmosphere up to gigaton scale and sequestered for tens of thousands of years.
• By essentially giving the ocean an antacid, the process can help heal local marine ecosystems harmed by climate change, improving natural growth in animals like coral and shellfish, leading to a better functioning food chain and a healthier regional economy.
• Planetary’s process also creates green hydrogen as a by-product, which can be burned without carbon emissions, allowing carbon challenged industries to limit their use of fossil fuel.
• It also extracts metals from mine waste that can be used in batteries, another important tool for a future low-carbon economy.

This funding will support the launch of Planetary’s pilot plants in Quebec and Nova Scotia, which will demonstrate a scaled version of its patented carbon removal process. The pilot plants will come online in phases beginning later this year and will be integrated with a major oceans research project in coordination with local partners to continually monitor the chemical and biological effects, and fine-tune Planetary’s process.

Planetary is currently selling 3,000 carbon credits with retirement dates of 2025-2027. The company has previously pre-sold carbon credits to Shopify, a leading provider of essential internet infrastructure for commerce, based on carbon removal to be generated by Planetary's pilot plant later this year.

"At full-scale, Planetary’s technology will be a game-changer in reversing climate change," said Shopify's Head of Sustainability Stacy Kauk. “We are confident in Planetary’s trajectory and proud to support this entrepreneurial, tech-driven company through our Sustainability Fund, and we hope other companies will join our efforts to help scale carbon removal."

Planetary’s academic research partners include the University of Dalhousie and University of Miami Basico₂ project, an XPRIZE Carbon Removal Student Award Winner. Based on the research of biogeochemist and Planetary Chief Technology Officer Dr. Greg Rau, Planetary’s carbon dioxide removal technology accelerates the earth’s natural carbon cycle, pulling carbon from the air and storing it as a natural component of ocean chemistry for up to 100,000 years.

“Our unique technology has created a way for businesses to genuinely remove carbon from the atmosphere and speed their transition to net-zero,” said Brock Battochio, Planetary co-founder. “By providing the additional benefits of green fuels and restoring ocean health, our technology offers far greater value and impact compared to other approaches.”

Planetary is also testing its carbon transition platform with Brazilian Nickel PLC, a UK-based sustainable nickel and cobalt mining company. Using its technology Planetary is working with Brazilian Nickel to assist Brazilian Nickel on its decarbonization path.

“Everywhere we operate, we’re committed to helping create stronger, more sustainable communities and Planetary is helping us do that,” said Anne Oxley, Technical Director at Brazilian Nickel PLC. “We’re excited to grow this innovative work with them and take meaningful action against climate change.”

Planetary has been recognized for its leadership in climate technology, receiving the OceanShot award from the Ocean Startup Project. The United Nations’ Blue Climate Initiative named Planetary as a semi-finalist for its Ocean Innovation Prize. Foresight Canada calls Planetary one of the most investable cleantech ventures. Planetary Co-Founder Brock Battochio was also named to Forbes’ 2022 30 under 30 Energy List.

About Planetary Technologies

Planetary Technologies, Inc. is a carbon removal leader and innovator headquartered in Nova Scotia, Canada. Planetary’s Accelerated Carbon Transition platform is a patented process that creates effective carbon removal at a gigaton-scale and reduces emissions through a clean alternative to fossil fuels. The company’s platform results in permanently sequestered carbon through Ocean Air Capture, ocean de-acidification and clean hydrogen. Planetary is a graduate of the StartupYard accelerator by Innovacorp, the Cycle Momentum accelerator, and the Canadian Technology Accelerator, was a member for the first Carbon to Value Initiative cohort and is currently enrolled in Creative Destructions Lab’s 2022 Ocean cohort.

Chris Wilson
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317.919.2601

MILPITAS, Calif.--(BUSINESS WIRE)--SolarEdge Technologies, Inc. (Nasdaq: SEDG) (“SolarEdge”) today announced that it plans to conduct a registered public offering (the “Offering”), subject to market conditions and other factors, of 2,000,000 shares of its common stock (the “Common Stock”).

SolarEdge intends to grant the underwriters a 30-day option from the date of the prospectus supplement to purchase up to an additional 300,000 shares of its Common Stock upon the same terms as set forth underwriting agreement. SolarEdge intends to use the net proceeds from the Offering for general corporate purposes, which may include acquisitions. However, SolarEdge does not have agreements or commitments for any acquisitions at this time.

Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC are acting as joint book-running managers for the Offering and as the representatives of the underwriters. The Offering is being made pursuant to an effective shelf registration statement that has been filed with the Securities and Exchange Commission (the “SEC”). A preliminary prospectus supplement related to the Offering of the Common Stock will be filed with the SEC and will be available on the SEC’s website at http://www.sec.gov. Copies of the preliminary prospectus supplement and the accompanying prospectus relating to the Common Stock may be obtained from: Goldman Sachs & Co. LLC, 200 West Street, New York, New York 10282, Telephone: (866) 471-2526, Attention: Registration Department; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, Attention: Prospectus Department, 1155 Long Island Avenue, Edgewood, NY 11717, or via telephone: 1-866-803-9204; or Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, NY 10014, Attention: Prospectus Department.

This press release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any offer or sale of, the Common Stock in any state or jurisdiction in which the offer, solicitation, or sale would be unlawful.

Forward-Looking Statements

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified as such because the statements include information, among other things, concerning: the timing and amount of the Offering, whether the Offering will be completed and the use of proceeds therefrom, our possible or assumed future results of operations; future demands for solar energy solutions; business strategies; technology developments; financing and investment plans; dividend policy; competitive position; industry and regulatory environment; general economic conditions; potential growth opportunities; and the effects of competition. These forward-looking statements are often characterized by the use of words such as “may,” “believe,” “expect,” “anticipate,” “plan,” “project,” “will,” “projections,” “estimate,” or other words of similar import. Similarly, statements that describe future financial performance or plans or strategies are forward-looking statements.

Forward-looking statements are only predictions based on SolarEdge’s current expectations and SolarEdge’s projections about future events. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause SolarEdge’s actual results, levels of activity, performance or achievements to be materially different from those expressed or implied by the forward-looking statements. Given these factors, you should not place undue reliance on these forward-looking statements. These factors include, but are not limited to, the matters discussed in the section entitled “Risk Factors” of SolarEdge’s Annual Report on Form 10-K for the year ended December 31, 2021, filed on February 22, 2022, Current Reports on Form 8-K and other reports filed with the SEC. All forward-looking statements included in this release are given only as at the date hereof and SolarEdge assumes no obligation, and disclaims any duty, to update the forward-looking statements in this release.

You should not rely upon forward-looking statements as predictions of future events. The events and circumstances reflected in the forward-looking statements may not be achieved or occur. SolarEdge cannot guarantee future results, levels of activity, performance or achievements. SolarEdge is under no duty to update any of these forward-looking statements after the date of this release or to conform these statements to actual results or revised expectations.

Investor Contacts
SolarEdge Technologies, Inc.
Ronen Faier, Chief Financial Officer
+1 510-498-3263
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or
Sapphire Investor Relations, LLC
Erica Mannion or Michael Funari
+1 617-542-6180
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DALLAS--(BUSINESS WIRE)--Pioneer Natural Resources today announced $20 million in humanitarian aid to relief organizations operating in Ukraine and the surrounding region.

Chief Executive Officer, Scott D. Sheffield stated, “The death and destruction along with the displacement of millions of Ukrainians caused by Russia’s unprovoked invasion requires assistance from both governments across the world and the global business community. Pioneer and our employees are proud to support our friends in Ukraine. We sincerely hope to see the conflict end as quickly as possible, and our thoughts are with all those impacted.”

Pioneer is a large independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations in the United States. For more information, visit Pioneer’s website at www.pxd.com.

Pioneer Natural Resources Company Contacts:

Investors
Neal Shah - 972-969-3900
Tom Fitter - 972-969-1821
Greg Wright - 972-969-1770
Chris Leypoldt - 972-969-5834

Media and Public Affairs
Tadd Owens - 972-969-5760