HOUSTON--(BUSINESS WIRE)--USD Partners LP (NYSE: USDP) (the “Partnership”) today announced that the Partnership filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2021, with the U.S. Securities and Exchange Commission (“SEC”). The Partnership’s Annual Report on Form 10-K is available through its website at www.usdpartners.com by selecting the “SEC Filings” sub-tab under the “Investors” tab, as well as on the SEC’s website at www.sec.gov. Interested investors may obtain a hard copy of the Annual Report on Form 10-K, including the Partnership’s financial statements, free of charge by writing to Investor Relations, USD Partners LP, 811 Main Street, Suite 2800, Houston, Texas 77002 or emailing This email address is being protected from spambots. You need JavaScript enabled to view it..

Additionally, the Partnership’s 2021 tax package, which includes the Schedule K-1 (Form 1065), is available and may be accessed on the Partnership’s website at www.usdpartners.com by selecting the “K-1 Tax Information” sub-tab under the “Investors” tab. Printed copies of the tax package will be mailed by the week of March 14, 2022. For additional information or assistance, unitholders may contact the toll free USD Partners LP Tax Support Line at 1-844-275-9876.

About USD Partners LP

USD Partners LP is a fee-based, growth-oriented master limited partnership formed in 2014 by US Development Group, LLC (“USD”) to acquire, develop and operate midstream infrastructure and complementary logistics solutions for crude oil, biofuels and other energy-related products. The Partnership generates substantially all of its operating cash flows from multi-year, take-or-pay contracts with primarily investment grade customers, including major integrated oil companies and refiners. The Partnership’s principal assets include a network of crude oil terminals that facilitate the transportation of heavy crude oil from Western Canada to key demand centers across North America. The Partnership’s operations include railcar loading and unloading, storage and blending in on-site tanks, inbound and outbound pipeline connectivity, truck transloading, as well as other related logistics services. In addition, the Partnership provides customers with leased railcars and fleet services to facilitate the transportation of liquid hydrocarbons and biofuels by rail.

USD, which owns the general partner of USD Partners LP, is engaged in designing, developing, owning, and managing large-scale multi-modal logistics centers and energy-related infrastructure across North America. USD’s solutions create flexible market access for customers in significant growth areas and key demand centers, including Western Canada, the U.S. Gulf Coast and Mexico. Among other projects, USD is currently pursuing the development of a premier energy logistics terminal on the Houston Ship Channel with capacity for substantial tank storage, multiple docks (including barge and deepwater), inbound and outbound pipeline connectivity, as well as a rail terminal with unit train capabilities. For additional information, please visit texasdeepwater.com. Information on websites referenced in this release is not part of this release.

Category: Earnings

Adam Altsuler
Executive Vice President, Chief Financial Officer
(281) 291-3995
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Jennifer Waller
Director, Financial Reporting & Investor Relations
(281) 991-8383
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MINNETONKA, Minn.--(BUSINESS WIRE)--Communications Systems, Inc. (Nasdaq: JCS) (“CSI” or the “Company”) today provided an additional question and answer fact sheet for CSI shareholders relating to the proposed merger transaction with Pineapple Energy LLC (“Pineapple”). The Q&A Fact Sheet provides answers to the following questions:

1. Do CSI shareholders have appraisal or dissenters’ rights with respect to the Pineapple Merger Transaction?
2. How much will the CSI executive officers receive at the closing of the merger under their change in control agreements?
3. What are the initial base salaries of the CEO and the CFO of the combined company following the closing of the merger?
4. What is CSI’s expected accumulated earnings and profits at the time of distribution of the CVRs and how will that affect the U.S. federal income tax consequences of the CVRs?

The Q&A factsheet document can be found at https://www.commsystems.com/invest.

As previously announced, a special meeting of CSI shareholders has been scheduled for Wednesday, March 16, 2022, at 10:00 a.m. Central Time to vote on the proposed Pineapple merger transaction, among other things. Beginning on February 4, 2022, the notice of the special meeting and a proxy statement/prospectus was sent to CSI shareholders as of the January 27, 2022 record date.

The CSI board of directors unanimously recommends that its shareholders vote “FOR” the proposed Pineapple merger transaction.

Following the completion of the proposed merger with Pineapple, CSI will be renamed “Pineapple Holdings, Inc.”, will trade under the new Nasdaq ticker symbol “PEGY,” and will be focused on the rapidly growing home solar, battery storage and energy management industry. Pineapple Holdings will initially operate primarily through its Pineapple, Hawaii Energy Connection and E-Gear subsidiary businesses and intends to pursue additional operating and technology acquisitions throughout 2022.

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

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

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

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

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

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

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

• the conditions to the closing of CSI-Pineapple merger transaction may not be satisfied;
• the occurrence of any other risks to consummation of the CSI-Pineapple merger transaction, including the risk that the CSI-Pineapple merger transaction will not be consummated within the expected time period or any event, change or other circumstances that could give rise to the termination of the CSI-Pineapple merger transaction;
• the CSI-Pineapple merger transaction has involved greater than expected costs and delays and may in the future involve unexpected costs, liabilities or delays;
• the Company’s ability to sell its other legacy operating business assets and its real estate assets at attractive values;
• there is no assurance that CSI will receive any of the maximum $7.0 million earnout relating to the August 2, 2021 sale of CSI’s Electronics & Software Segment;
• the combined company will be entitled to retain ten percent of the net proceeds of CSI legacy assets that are sold pursuant to agreements entered into after the effective date of the merger;
• risks that the merger will disrupt current CSI plans and operations or that the business or stock price of CSI may suffer as a result of uncertainty surrounding the CSI-Pineapple merger transaction;
• the outcome of any legal proceedings related to the CSI-Pineapple merger transaction;
• the fact that CSI cannot yet determine the exact amount and timing of any additional pre-CSI-Pineapple merger cash dividends, if any, or the ultimate value of the Contingent Value Rights that CSI intends to distribute to its shareholders immediately prior to the closing of the CSI-Pineapple merger transaction; and
• the anticipated benefits of the proposed merger transaction with Pineapple may not be realized in the expected timeframe, or at all.

For Communications Systems, Inc.

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

Mark D. Fandrich
Chief Financial Officer
+1 (952) 582-6416
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The Equity Group Inc.
Lena Cati
Senior Vice President
+1 (212) 836-9611
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JACKSONVILLE, Fla.--(BUSINESS WIRE)--Kaman Aerospace Group, Inc., a subsidiary of Kaman Corporation (NYSE: KAMN), announced that its Kaman Aerospace Jacksonville Division located in Jacksonville, Florida (Kaman) has received a follow on award from Sikorsky, a Lockheed Martin company (NYSE: LMT), for the HH-60W Combat Rescue Helicopter (CRH) cockpit. This award secures deliveries of the HH-60W cockpit from 2022 through 2025.

Kaman’s existing workforce of highly skilled engineers, technicians, assemblers, and support personnel in Jacksonville, Florida will support the activity. “Kaman is excited to continue to support this vital U.S. Air Force Program. Kaman is committed to delivering a quality product to the CRH program and appreciates the opportunity to sustain a strong supplier relationship with Sikorsky,” said William Zmyndak, Vice President/General Manager of Kaman Aerospace Jacksonville.

Kaman Aerospace Jacksonville, a Division of Kaman Aerospace Group, Inc., is a leading supplier of complex aircraft structures and sub-assemblies, as well as sheet metal details, extruded parts and machined components for the commercial and defense aerospace industries.

About Kaman Corporation

Kaman Corporation, founded in 1945 by aviation pioneer Charles H. Kaman, and headquartered in Bloomfield, Connecticut conducts business in the aerospace & defense, industrial, and medical markets. Kaman produces and markets proprietary aircraft bearings and components; super precision, miniature ball bearings; proprietary spring energized seals, springs and contacts; complex metallic and composite aerostructures for commercial, military and general aviation fixed and rotary wing aircraft; safe and arming solutions for missile and bomb systems for the U.S. and allied militaries; subcontract helicopter work; restoration, modification and support of our SH-2G Super Seasprite maritime helicopters; manufacture and support of our heavy lift K-MAX® manned helicopter, the K-MAX TITAN unmanned helicopter and the KARGO UAV unmanned aerial system, a purpose built autonomous medium lift logistics vehicle. More information is available at www.kaman.com.

Bruce Dailey
Executive Director of Business Development and Compliance
Kaman Aerospace
(904) 485-1544
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PG&E offers resources for California Arbor Week, March 7-14, for the whole family

SAN FRANCISCO--(BUSINESS WIRE)--Planting the right tree in the right location helps promote fire safety, natural gas safety, reduces power outages and ensures beauty for years to come. That’s why each year, Pacific Gas and Electric Company (PG&E) likes to recognize and honor trees during California Arbor Week. To kick off the weeklong event starting today, we are reminding customers and their loved ones of all ages to mind what’s overhead and underground when adding new trees or shrubs to an area. This will lower the risk of wildfires or damage to powerlines and gas lines, making our hometowns safer.

PG&E has many online materials, including free downloadable guides, with easy tips, charts and photos that help explain how, what, and where to plant the safest trees for each area, located at pge.com/RightTreeRightPlace.

It’s never too early to learn about trees and powerline safety, so PG&E also has fun and educational games, puzzles, and checklists just for kids at pge.com/arborday4kids. Each activity is grade and age appropriate.

“California Arbor Week reminds us that trees provide many health and environmental benefits to our hometowns but there are hazards to avoid above and below the ground. Trees that are small when planted may grow to heights that can reach overhead powerlines or create root systems that interfere with gas lines. We want your trees to be healthy and safe for our communities to enjoy for a long time,” said Peter Kenny, Senior Vice President, PG&E Vegetation Management & System Inspections.

Here are some main safety reminders when it comes to planting a tree, but more robust information can be found in PG&E’s free downloadable planting guides, which includes characteristics of recommended trees, how to care for a tree, and much more.

WHAT TO DO BEFORE PLANTING

• Call 8-1-1 at least two days before planting trees or landscaping to have underground powerlines and other utilities marked. You can also do this by visiting http://www.811express.com. Professional locators will arrive at the digging site to mark the approximate locations of underground utilities with flags, spray paint or both.

• Visit pge.com/righttreerightplace for planting guidelines specific to your region and specific to whether you live in a High Fire-Threat District (HFTD), as outlined by the California Public Utilities Commission.

DURING PLANTING

• When planting a new tree near powerlines outside of a HFTD, leave space for it to remain at least 10 feet clear of all powerlines throughout its lifespan, including crown expansion and ensure it is no taller than 25 feet at maturity.

• Within a HFTD, plant only low-growing, fire-resistant shrubs near powerlines. This can extend the defensible space around your property. For more information regarding defensible space visit www.readyforwildfire.org.

ENJOY YOUR TREE

• Never attempt to retrieve any type of balloon, kite, drone, or toy that becomes caught in a tree that is near a powerline. Trying to retrieve it yourself is extremely dangerous. Leave it alone, and immediately call PG&E at 1-800-743-5000 to report the problem.

• Always look up before pruning a tree. Only experts certified to conduct tree work near powerlines are qualified to prune trees in these locations.

In 2011, the California Legislature designated the week of March 7 to March 14 of each year as California Arbor Week, and to urge California residents to observe the week with appropriate tree planting activities and programs. March 7 is the birthday of famed horticulturist Luther Burbank.

For information on all PG&E’s vegetation management programs in Northern and Central California, visit www.pge.com/trees.

About PG&E

PG&E, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.

MEDIA RELATIONS:
415-973-5930

NEW YORK--(BUSINESS WIRE)--#KBRA--KBRA releases research on Europe’s high energy dependency on Russia in the wake of the Russia-Ukraine conflict.

As Russia’s invasion of Ukraine intensifies, the international conflict is disrupting global energy supply chains since Russia is one of the world’s largest oil exporters. A major uncertainty from this conflict is its implications for global carbon transition plans. The crisis has the potential to slow the transition in some areas, with deaccelerating climate financing and international investment if countries ramp up internal fossil fuel production or transition reliance to other partners such as Saudi Arabia. Conversely, the conflict could also speed up energy transition efforts as countries look to diversify their energy supply away from fossil fuels due to fuel price spikes while decreasing dependency on Russia through strengthening green infrastructure. However, this may be tough in practice, as many economies are still reeling from the pandemic and recovery costs.

Click here to view the report.

Related Publications

• Russia’s Invasion of Ukraine: Initial Contours of Credit Risk
• Stakeholder Pressure Amid International Conflict: Corporations Restrict Services in Russia

About KBRA

KBRA is a full-service credit rating agency registered in the U.S., the EU and the UK, and is designated to provide structured finance ratings in Canada. KBRA’s ratings can be used by investors for regulatory capital purposes in multiple jurisdictions.

Andrea Torres Villanueva, Associate Director
+1 (646) 731-1238
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Emilie Nadler, Associate Director
+1 (646) 731-3386
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Company’s first-of-its-kind low-light energy harvesting solar cells for IoT devices recognized in Smart Cities category

MILL VALLEY, Calif.--(BUSINESS WIRE)--Ambient Photonics has been recognized among the most exciting tech development companies in the connected world by being named a finalist for the 24th annual SXSW Innovation Awards, taking place Monday, March 14 at 6:00 pm CT (5:15 pm pre-event networking mixer) at the Austin Convention Center (Ballroom D) during the South by Southwest (SXSW) Conference and Festivals (March 11-20, 2022). Ambient Photonics is a finalist under the Smart Cities, Transportation & Delivery category for its revolutionary low-light energy harvesting solar technology, which harvests photons from indoor and outdoor ambient light to continually power IoT (internet of things) electronic devices without disposable batteries.

“The vision of ubiquitous connected devices relies on continuous, sustainable power. Ambient was established to empower device manufacturers to eliminate the financial and environmental burden of replaceable batteries, and together we are unlocking IoT viability at scale,” said Ambient CEO Bates Marshall. “We are honored to be recognized by SXSW for creating the world’s most powerful low-light energy harvesting PV cells -- making endless power for IoT electronics a reality for the first time.”

In advance of the Awards Ceremony, finalists will have the opportunity to exhibit their work at the Innovation Awards Finalist Showcase on Saturday, March 12, 12 pm-6 pm CT, at the JW Marriott Downtown Austin (Griffin Hall). At the showcase, Ambient will have the newest and most sustainable platform of voice remote controls in their booth from Universal Electronics Inc. (UEI) for visitors to experience. Recently launched at CES 2022, the UEI ETERNA Platform remote will integrate Ambient’s unique high-density low-light harvesting technology that delivers up to three times more energy density. The UEI platform may eliminate the need for battery replacement in its products while reducing its global CO₂ footprint.

“By partnering with Ambient, we plan to bring our customers our most environmentally-friendly voice remote control to-date,” said Menno Koopmans, SVP of global sales and marketing at UEI. “As UEI has shipped more than 100 million voice remotes already, we believe by upgrading our TV, streaming and TV service provider customers to this unique energy harvesting technology, we demonstrate our commitment to sustainability through saving the planet from tons of battery waste and helping reduce CO₂ emissions.”

“SXSW is thrilled to honor this year’s most innovative projects and give each finalist the opportunity to showcase their inventions to all SXSW attendees through interactive demos at the Finalist Showcase,” said Hugh Forrest, Chief Programming Officer.

Of hundreds of applications submitted, the Ambient Photonic low-light energy harvesting technology was one of 65 finalists selected across 13 categories by a panel of judges composed of industry peers and experts. Each entry was graded on four criteria: creativity, form, function and overall experience. The winners in each of the 13 categories, plus additional honors will be awarded at the 24th annual SXSW Innovation Awards on Monday, March 14, 2022.

For more information about the SXSW Innovation Awards and to view the complete list of 2022 finalists, visit www.sxsw.com/awards/innovation-awards/.

About SXSW

SXSW dedicates itself to helping creative people achieve their goals. Founded in 1987 in Austin, Texas, SXSW is best known for its conference and festivals that celebrate the convergence of the interactive, film, and music industries. An essential destination for global professionals, the event features sessions, showcases, screenings, exhibitions, and a variety of networking opportunities. SXSW proves that the most unexpected discoveries happen when diverse topics and people come together. SXSW 2022 will take place March 11-20, 2022. For more information, please visit sxsw.com. To register for the event, please visit sxsw.com/attend.

About Ambient Photonics

Ambient Photonics was founded in 2019 in California to bring low light energy harvesting technology to mass scale. The company’s low light solar PV cells deliver ground-breaking power density from a broader spectrum of ambient light, inspiring a new era in connected device form and function. Ambient works with leading global smart home and IoT device manufacturers on embedded solar cells to deliver superior design possibilities, performance, sustainability and consumer convenience. Explore endless power at: ambientphotonics.com.

About Universal Electronics Inc.

Founded in 1986, Universal Electronics Inc. (NASDAQ: UEIC) is the global leader in wireless universal control solutions for home entertainment and smart home devices. We design, develop, manufacture, ship and support control and sensor technology solutions and a broad line of universal control systems, audio video accessories, and intelligent wireless security and smart home products. Our products and solutions are used by the world's leading brands in the video services, consumer electronics, security, home automation, climate control and home appliance markets. For more information, visit www.uei.com.

Safe Harbor Statement

This press release contains forward-looking statements that are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995. Words and expressions reflecting something other than historical fact are intended to identify forward-looking statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development, delivery and market acceptance of products and technologies identified in this release; the successful development and manufacturing of underlying technologies by Ambient, the ability of UEI to purchase the Ambient PV cell products identified in this release in the quantities anticipated by management; the continued penetration and growth of battery-less and self-powered technology and other products and technologies identified in this release; and other factors described in UEI’s filings with the Securities and Exchange Commission. The actual results that UEI achieves may differ materially from any forward-looking statement due to such risks and uncertainties. UEI undertakes no obligations to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

Christine Bennett for Ambient Photonics
This email address is being protected from spambots. You need JavaScript enabled to view it. | +1 925.330.4783

• Total liquidity position of $64.7 million as of December 31, 2021
• Full year 2021 revenue, net loss and adjusted EBITDA^A of $349.4 million, $(64.6) million and $5.2 million, respectively
• Revenue, net loss and adjusted EBITDA of $105.1 million, $(15.7) million and $4.6 million, respectively, for the fourth quarter of 2021
• Fourth quarter 2021 basic loss per share of $(0.52)

HOUSTON--(BUSINESS WIRE)--Nine Energy Service, Inc. ("Nine" or the "Company") (NYSE: NINE) reported fourth quarter 2021 revenues of $105.1 million, net loss of $(15.7) million and adjusted EBITDA of $4.6 million. For the fourth quarter 2021, adjusted net loss^B was $(15.7) million, or $(0.52) adjusted basic loss per share^C.

The Company had provided original fourth quarter 2021 revenue guidance between $92.0 and $100.0 million, with actual results falling above the provided range and representing a sequential revenue increase of approximately 13% quarter over quarter.

“We outperformed our Q4 revenue guidance due to strong performances in both cementing and completion tools, both of which outperformed market drivers this quarter,” said Ann Fox, President and Chief Executive Officer, Nine Energy Service. “We saw activity and pricing improvements across most of our service lines, which is reflected in our 13% increase in revenue quarter over quarter.”

“Despite difficult market conditions in 2021, we were able to better position ourselves to capitalize on what looks to be a growth environment for the near to medium term. For the 7^th consecutive year, we grew our market share of U.S. stages completed, increasing from approximately 20% in 2020 to approximately 22% in 2021. In cementing, we increased the total number of jobs completed by approximately 22% year over year, while the average U.S. rig count increased by only 10% over that same time. I remain extremely happy with both the success of our new Stinger Dissolvable plug, as well as the market’s overall adoption of dissolvable plugs. We estimate that the dissolvable plug market has increased from approximately 10-15% at the end of 2018 to approximately 20-25% at the end of 2021, and we believe that our initial prediction of the dissolvable plug market expanding to 35-50% by the end of 2023 is achievable. Our Stinger Dissolvable plug continues to perform extremely well in the field and is proven in our numbers. We increased the total number of Stinger products sold by over 400% in 2021, versus EIA completions, which increased approximately 32% over this same time.”

“We remain very optimistic looking into 2022 and 2023 and anticipate North American capital spending will increase by at least 20% in 2022. I do not see any near-term solution for the labor shortages and as our customers try to increase activity, this should move pricing leverage back to the service providers. For Q1, we have seen activity increases thus far and expect Q1 will be better than Q4 with sequential revenue increases. With what we know today, we anticipate revenue and earnings to improve each quarter throughout 2022. We remain differentiated by our service line diversity, forward-leaning technology, geographic diversity, and balanced commodity exposure. The shift of our top-line revenue derivation towards completion tools and technology over the last several years has significantly reduced the capital and labor needs of the Company to generate earnings growth. We have proven our ability to grow earnings while emerging from a downturn and believe our asset-light business model will enable us to capitalize on an improving market environment.”

Operating Results

For the year ended December 31, 2021, the Company reported revenues of $349.4 million, net loss of $(64.6) million, or $(2.13) per basic share, and adjusted EBITDA of $5.2 million. Full year 2021 adjusted net loss was $(80.6) million, or $(2.66) per adjusted basic share. For the full year 2021, the Company reported gross loss of $(1.6) million and adjusted gross profit^D of $41.4 million. For the year ended December 31, 2021, the Company generated ROIC^E of (16.7)%.

During the fourth quarter of 2021, the Company reported revenues of $105.1 million, gross profit of $4.7 million and adjusted gross profit of $14.9 million. During the fourth quarter, the Company generated ROIC of (11.4)%.

During the fourth quarter of 2021, the Company reported selling, general and administrative (“SG&A”) expense of $11.8 million, compared to $11.1 million for the third quarter of 2021. For the year ended December 31, 2021, the Company reported SG&A expense of $45.3 million. Depreciation and amortization expense ("D&A") in the fourth quarter of 2021 was $10.7 million, compared to $11.0 million for the third quarter of 2021. For the year ended December 31, 2021, the Company reported D&A expense of $45.0 million.

The Company recognized an income tax benefit of approximately $25 thousand for the year, resulting in an effective tax rate of .01% for 2021. Our tax benefit for 2021 is primarily the result of our tax position in state and foreign tax jurisdictions.

Liquidity and Capital Expenditures

For the year ended December 31, 2021, the Company reported net cash used in operating activities of $(40.4) million. For the year ended December 31, 2021, the Company reported total capital expenditures of $14.8 million, which fell below management’s original full year 2021 guidance of $15-$20 million.

As of December 31, 2021, Nine’s cash and cash equivalents were $21.5 million, and the Company had $43.2 million of availability under the revolving credit facility, resulting in a total liquidity position of $64.7 million as of December 31, 2021. On December 31, 2021, the Company had $15.0 million of borrowings under the 2018 ABL Credit Facility and has subsequently borrowed an additional $5.0 million.

^ABCDESee end of press release for definitions

Conference Call Information

The call is scheduled for Tuesday, March 8, 2022, at 9:00 am Central Time. Participants may join the live conference call by dialing U.S. (Toll Free): (877) 524-8416 or International: (412) 902-1028 and asking for the “Nine Energy Service Earnings Call”. Participants are encouraged to dial into the conference call ten to fifteen minutes before the scheduled start time to avoid any delays entering the earnings call.

For those who cannot listen to the live call, a telephonic replay of the call will be available through March 22, 2022, and may be accessed by dialing U.S. (Toll Free): (877) 660-6853 or International: (201) 612-7415 and entering the passcode of 13726409.

About Nine Energy Service

Nine Energy Service is an oilfield services company that offers completion solutions within North America and abroad. The Company brings years of experience with a deep commitment to serving clients with smarter, customized solutions and world-class resources that drive efficiencies. Serving the global oil and gas industry, Nine continues to differentiate itself through superior service quality, wellsite execution and cutting-edge technology. Nine is headquartered in Houston, Texas with operating facilities in the Permian, Eagle Ford, SCOOP/STACK, Niobrara, Barnett, Bakken, Marcellus, Utica and Canada.

For more information on the Company, please visit Nine’s website at nineenergyservice.com.

Forward Looking Statements

The foregoing contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are those that do not state historical facts and are, therefore, inherently subject to risks and uncertainties. Forward-looking statements also include statements that refer to or are based on projections, uncertain events or assumptions. The forward-looking statements included herein are based on current expectations and entail various risks and uncertainties that could cause actual results to differ materially from those forward-looking statements. Such risks and uncertainties include, among other things, the level of capital spending and well completions by the onshore oil and natural gas industry, which has been and may again be affected by the COVID-19 pandemic and, related economic repercussions and which may be affected by geopolitical and economic developments in the U.S. and globally, including conflicts, instability, acts of war or terrorism in oil producing countries or regions, particularly Russia, the Middle East, South America and Africa; the ability of the OPEC+ countries to agree on and comply with supply limitations; operational challenges relating to the COVID-19 pandemic and efforts to mitigate the spread of the virus, including logistical challenges, protecting the health and well-being of our employees, remote work arrangements, performance of contracts and supply chain disruptions; pricing pressures, reduced sales, or reduced market share as a result of intense competition in the markets for the Company’s dissolvable plug products; the Company’s ability to implement and commercialize new technologies, services and tools; the Company’s ability to grow its completion tool business; the Company’s ability to manage capital expenditures; the Company’s ability to accurately predict customer demand; the loss of, or interruption or delay in operations by, one or more significant customers; the loss of or interruption in operations of one or more key suppliers; the adequacy of the Company’s capital resources and liquidity; the incurrence of significant costs and liabilities resulting from litigation; the loss of, or inability to attract, key personnel, technical personnel and other skilled and qualified workers; and other factors described in the “Risk Factors” and “Business” sections of the Company’s most recently filed Annual Report on Form 10-K and subsequently filed Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof, and, except as required by law, the Company undertakes no obligation to update those statements or to publicly announce the results of any revisions to any of those statements to reflect future events or developments.

^AAdjusted EBITDA is defined as net income (loss) before interest, taxes, and depreciation and amortization, further adjusted for (i) goodwill, intangible asset, and/or property and equipment impairment charges, (ii) transaction and integration costs related to acquisitions, (iii) loss or gain on revaluation of contingent liabilities, (iv) loss or gain on the extinguishment of debt, (v) loss or gain on the sale of subsidiaries, (vi) restructuring charges, (vii) stock-based compensation expense, (viii) loss or gain on sale of property and equipment, and (ix) other expenses or charges to exclude certain items which we believe are not reflective of ongoing performance of our business, such as legal expenses and settlement costs related to litigation outside the ordinary course of business. Management believes Adjusted EBITDA is useful because it allows us to more effectively evaluate our operating performance and compare the results of our operations from period to period without regard to our financing methods or capital structure and helps identify underlying trends in our operations that could otherwise be distorted by the effect of the impairments, acquisitions and dispositions and costs that are not reflective of the ongoing performance of our business.

^BAdjusted Net Income (Loss) is defined as net income (loss) adjusted for (i) goodwill, intangible asset, and/or property and equipment impairment charges, (ii) transaction and integration costs related to acquisitions, (iii) restructuring charges, (iv) loss or gain on the sale of subsidiaries, (v) loss or gain on the extinguishment of debt and (vi) the tax impact of such adjustments. Management believes Adjusted Net Income (Loss) is useful because it allows us to more effectively evaluate our operating performance and compare the results of our operations from period to period and helps identify underlying trends in our operations that could otherwise be distorted by the effect of the impairments and acquisitions.

^CAdjusted Basic Earnings (Loss) Per Share is defined as adjusted net income (loss), divided by weighted average basic shares outstanding. Management believes Adjusted Basic Earnings (Loss) Per Share is useful because it allows us to more effectively evaluate our operating performance and compare the results of our operations from period to period and help identify underlying trends in our operations that could otherwise be distorted by the effect of the impairments and acquisitions.

Nine Energy Service Investor Contact:
Heather Schmidt
Vice President, Strategic Development, Investor Relations and Marketing
(281) 730-5113
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Constellation and Microsoft in five-year strategic collaboration to lead the nation’s clean energy transition

BALTIMORE--(BUSINESS WIRE)--Constellation (Nasdaq: CEG), America’s leading clean energy company announced today it is collaborating with Microsoft on the development of a 24/7/365 energy matching technology solution that allows customers to fully achieve their zero emissions goals.

For more than 150 years, the electric power industry has been focused on matching generation capacity with customer demand to ensure 24/7/365 reliability. Constellation will soon be providing customers a better and more environmentally conscious option, utilizing breakthrough technology to match a customer’s power needs with local carbon-free energy sources, 24 hours a day, seven days a week, 365 days a year.

By combining renewable and clean energy with exciting new technologies such as battery storage, fuel cells and hydrogen, Constellation will provide customers with a real-time, data-driven carbon accounting solution that goes beyond the current practice of annualizing renewable energy certificates and credits. As it develops this product, Constellation will be working with Microsoft to create software that gives customers a transparent and independently verified view of their sustainability efforts.

“Constellation is leading our nation’s response to the climate crisis, and we are building new tools to accelerate progress on behalf of our customers. Our new 24/7/365 real-time energy matching solution will allow customers to fully achieve their zero emissions goals,” said Joseph Dominguez, CEO of Constellation. “This Microsoft partnership aligns with both companies’ commitment to advancing the critical transition to carbon-free energy. Our collective expertise supports customers’ increasing need to understand and reduce their carbon footprints.”

“In addition to collaborating with Constellation to develop the 24/7/365 solution, Microsoft will become one of its first customers, pioneering use of the new tools to intake, store, match and report emissions data on an hourly basis,” said Ravi Krishnaswamy, corporate vice president, Microsoft Cloud for Industry. “Over time, we look forward to realizing additional synergies between the two companies to further enhance our ability to serve our customers while advancing Microsoft’s commitment to sustainability.”

Currently, most net zero clean energy supplies are achieved by offsetting energy use through clean energy certificates or credits on an annual basis, without considering where or when the energy was produced. Constellation and Microsoft’s new 24/7/365 solution takes the guesswork out of carbon accounting by matching electricity use with a local clean energy source in real time. By providing hour-by-hour regional tracking, Constellation’s 24/7/365 solution will be the most advanced, real-time carbon accounting solution of its kind, going beyond other net zero programs that aggregate clean energy megawatts over time, and giving customers clearer and more accurate data on their emissions impact.

The market for 24/7/365 real-time energy matching is growing and Constellation and Microsoft are among the companies at the forefront of this innovative, emerging new standard in carbon accounting and emissions goals. In December 2021, the U.S. government issued an executive order requiring federal government facilities to transition to 100 percent carbon-free electricity by 2030, committing that at least half will be locally supplied to meet 24/7/365 demand. To support this order, the U.S. Government has issued a Request for Information (RFI) from companies interested in supplying carbon-free electricity to federal government facilities. Constellation intends to submit an RFI for consideration and the partnership with Microsoft is a critical component to supporting this initiative.

Additional benefits of the partnership include:

• Microsoft will purchase a portion of its clean energy supply from Constellation over five years, representing the first power sales agreement between the two companies.
• Constellation will adopt Microsoft’s Azure cloud platform to develop clean energy solutions with enhanced data analytics, enabling Constellation customers to better understand their environmental footprints and take action to achieve their environmental, social and corporate governance (ESG) goals.
• Constellation and Microsoft will seek to use their expansive customer bases and business partnerships to advance clean energy technology, including migration to Microsoft Azure and enhancements to Constellation’s smart utility expense management platform, Pear.ai.

This announcement comes only a month after Constellation launched as the nation’s largest provider of carbon-free energy with a host of sustainability products and services to help companies like Microsoft achieve their environmental objectives. Constellation also has set its own climate goal of achieving 95 percent carbon-free electricity by 2030 and 100 percent carbon-free electricity by 2040. In addition, Constellation plans to achieve 100 percent reduction of operations-driven emissions by 2040 and provide 100 percent of its business customers with customized data to help them reduce their own carbon footprints.

About Constellation

Constellation is the nation’s largest producer of carbon-free energy and the leading competitive retail supplier of power and energy products and services for homes and businesses across the United States. Headquartered in Baltimore, its generation fleet powers more than 20 million homes and businesses and is helping to accelerate the nation’s transition to clean energy with more than 32,400 megawatts of capacity and annual output that is 90 percent carbon-free. Constellation has set a goal to eliminate 100 percent of its greenhouse gas emissions by leveraging innovative technology and enhancing its diverse mix of hydro, wind and solar resources paired with the nation’s largest carbon-free nuclear fleet. Constellation’s family of retail businesses serves approximately 2 million residential, public sector and business customers, including three-fourths of the Fortune 100. Learn more at www.constellation.com or on Twitter at @ConstellationEG.

Paul Adams
Corporate Communications
410-470-4167
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HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) ("Valaris" or the "Company") today announced that President and Chief Executive Officer Anton Dibowitz will present virtually at the Evercore ISI Elite Energy & Materials Summit on Wednesday, March 9, 2022, beginning at 11:35 a.m. CST (12:35 p.m. EST and 6:35 p.m CET). Investor materials to be used during the conference will be available on Valaris’ website at www.valaris.com. A recording of the presentation will be available in the "Investors – Events & Presentations" section of the Company’s website www.valaris.com following the conference.

About Valaris

Valaris Limited (NYSE: VAL) is the industry leader in offshore drilling services across all water depths and geographies. Operating a high-quality rig fleet of ultra-deepwater drillships, versatile semisubmersibles and modern shallow-water jackups, Valaris has experience operating in nearly every major offshore basin. Valaris maintains an unwavering commitment to safety, operational excellence, and customer satisfaction, with a focus on technology and innovation. Valaris Limited is a Bermuda exempted company (Bermuda No. 56245). To learn more, visit our website at www.valaris.com.

Investor & Media Contacts:
Tim Richardson
Director - Investor Relations
+1-713-979-4619

Leading Climate Infrastructure Technology Platform to Accelerate Growth and Provide Flexible Renewable Generation at Scale

REDWOOD CITY, Calif.--(BUSINESS WIRE)--SB Energy Global, LLC (“SB Energy”) announced today that funds managed by the Infrastructure and Power strategy of Ares Management Corporation (“Ares”) are leading a strategic equity investment of up to $600 million, including capital from potential co-investors, in SB Energy, SoftBank Group Corp.’s (“SoftBank”) U.S. Climate Infrastructure Technology platform. The Ares-managed funds have committed the majority of the financing, with the balance expected to come from co-investors. This investment brings together two leading technology and climate infrastructure investors to drive innovation and the deployment of clean energy at scale.

Michel Combes, CEO of SoftBank Group International, stated, “SoftBank launched SB Energy to accelerate access to reliable, cost-effective, renewable energy. Combining AI and technology with renewable deployment at scale is critical to the energy transformation and benefits people across the globe. Our new investment from Ares brings together Ares’ climate infrastructure experience, SoftBank’s AI and technology ecosystem, and SB Energy’s track record of execution into a single platform to deliver flexible renewable energy at scale.”

SB Energy has quickly grown its Climate Infra-Tech platform with plans to deliver 10 gigawatts (GW) of renewable energy and storage projects in operation or under construction by the end of 2025. Since launching in the U.S. market in 2019, the company has completed development of, financed, and started construction on nearly 1.7 GW of utility-scale solar projects, of which 1.3 GW are currently providing clean, reliable energy to Texas and California.

SB Energy continues to aggressively grow its renewable energy and storage project pipeline through greenfield development, partnerships, and acquisitions, while also expanding in its digital and technology capabilities. In addition to capital from SoftBank and Ares, SB Energy has forged partnerships with leading financial institutions to secure more than $4 billion in tax equity and project financing since inception to develop and build renewable projects and make further investments in the clean energy transition.

“We are proud to announce Ares’ funds’ investment, which launches a new chapter for SB Energy and an expansion of our collaboration with Ares that began in 2020,” said SB Energy co-CEO Rich Hossfeld. “With the support of both Ares and SoftBank, SB Energy will rapidly scale our strategic platform in renewable energy, storage, and new digital products as a developer, owner, and operator of the next generation of climate infrastructure and technology.”

“We are excited to work with SB Energy to leverage our combined strengths in driving the clean energy transition,” said Andrew Pike, Partner and Co-Head of Ares Infrastructure and Power. “Our investment in SB Energy builds on our existing relationship and reflects our focus on supporting high-quality climate infrastructure platforms through our innovative capital solutions.”

“Ares and SB Energy share a commitment to accelerating the transition to a low carbon economy through the development of essential climate infrastructure assets,” said Mike Roth, Partner in Ares Infrastructure and Power. “With the added support of Ares’ flexible capital, SB Energy is well-positioned to meet the growing demand for sustainable clean energy and build on its strong track record, including having brought online nearly 2 GW of solar in just two years.”

Milbank LLP served as outside counsel to SB Energy, Kirkland & Ellis LLP served as outside counsel to the Ares-managed funds, and Morrison & Foerster LLP served as outside counsel to SoftBank on the transaction.

About SB Energy

SB Energy is a leading utility scale solar, energy storage, and technology platform backed by SoftBank Group Corp. and funds managed by the Infrastructure and Power strategy of Ares Management Corporation. We develop, construct, and own and operate some of the largest and most technically advanced renewable projects across the United States. SB Energy’s mission is to provide flexible renewable energy at scale, accelerating the global energy transition, and benefiting our planet, customers, communities, and people. For more information, visit SBEnergy.com.

About SoftBank Group

The SoftBank Group invests in breakthrough technology to improve the quality of life for people around the world. The SoftBank Group is comprised of SoftBank Group Corp. (TOKYO: 9984), an investment holding company that includes stakes in telecommunications, internet services, AI, smart robotics, IoT and clean energy technology providers; the SoftBank Vision Funds, which are investing more than US$140 billion to help extraordinary entrepreneurs transform industries and shape new ones; the US$5 billion SoftBank Latin America Fund, the largest venture fund in that region; the US$3 billion SoftBank Latin America Fund II; and the SB Opportunity Fund, a US$100 million fund investing in Black, Latinx and Native American founders in the U.S. To learn more, please visit https://group.softbank/en.

About Ares Management Corporation

Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, private equity, real estate and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of December 31, 2021, Ares Management Corporation’s global platform had approximately $306 billion of assets under management, with approximately 2,100 employees operating across North America, Europe, Asia Pacific and the Middle East. For more information, please visit www.aresmgmt.com.

Media Contacts
For SB Energy:
Sard Verbinnen & Co
Hannah Dunning / Benjamin Spicehandler
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For Ares:
Carl Drake, +1 888-818-5298
or
Jacob Silber, +1 212-301-0376
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Cleaner, more fuel-efficient commercial truck option offers cost and environmental savings

DALLAS--(BUSINESS WIRE)--Dallas-based NGV Global Group, a leading manufacturing and logistics company that utilizes advanced natural gas technology to reduce carbon emissions, has developed a trailblazing line of F-650s that operate on compressed natural gas (CNG) and renewable natural gas (RNG). The 7.3L CNG / RNG F-650 box truck with a gross vehicle weight rating (GVWR) up to 25,999 pounds is optimally configured to maximize load volume without requiring a commercial driver’s license (CDL). With escalating diesel prices and a nationwide shortage of CDL truck drivers, the F-650 offers a turnkey solution to meet a variety of commercial transportation and environmental needs.

Building on 14 years of experience in the natural gas industry, NGV Global Group has integrated proprietary Wing Power Systems technology to provide customers a powerful combination of engineering excellence and hands-on fleet expertise. The F-650 is Ford Q185 calibration and EPA certified due to the hard work of the NGV Global Group team, the established partnerships and intellectual property provided by Wing Power Systems.

Fully configured and delivered ready-to-operate, this Class 6 truck provides a market-ready solution with a CNG upfit, a 26-foot box and a 3,300-pound lift gate. NGV Global Group has already integrated the new F-650 into its own fleet through its subsidiary, GreenPath Logistics, which operates exclusively alternative fuel vehicles and helps customers reduce their carbon footprint by up to 85%.

“We specifically built this commercial vehicle after compiling operational data from thousands of trips and comparing the results with more than a decade of lab data,” says Shan Zaidi, president of NGV Global Group. “Having inspected, serviced, repaired and converted more than 15,000 natural gas vehicles over the past 14 years, we’ve learned a lot. The F-650 has been developed to address specific customer challenges and feedback while concurrently providing economical operational certainty that tackles carbon emission reduction and environmental sustainability objectives. The best part is that the vehicle is available for sale, lease or rent right now, while some allocations for 2022 inventory are still open.”

Additionally, through strategic partnerships, the F-650, which has a 500-mile range, can offer on-site fueling options, cost reduction guarantees or upfront price subsidies. On the horizon, customers will also have the opportunity to explore grant money through a variety of environmentally focused programs.

To learn more about securing an CNG / RNG powered F-650 from NGV Global Group, visit our site or email This email address is being protected from spambots. You need JavaScript enabled to view it..

About NGV Global Group

With the transportation industry being the third largest contributor of greenhouse gas emissions (GHG), NGV Global Group is a trusted source to help customers reduce their carbon footprint by up to 85%. The global technology and logistics services company manufactures natural gas engines and vehicles for application in its own fleet (through its subsidiary - GreenPath Logistics), and for sale to third-party companies interested in reducing the cost and environmental impact of their fleets by operating on renewable natural gas (RNG). In 2021, Wing Power Systems (previously owned by Westport, Inc.) was integrated into NGV Global Group to provide additional engineering expertise and a significant library of intellectual property. Together, the companies provide proprietary solutions that allow vehicles to operate on clean-burning fuels, such as compressed natural gas (CNG) and RNG. Learn more about NGV Global Group and its subsidiaries at https://ngvglobalgroup.com/about-us/.

Hillary Redwine
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(682) 472-2324

ATHENS, Greece--(BUSINESS WIRE)--Danaos Corporation (NYSE: DAC), one of the world’s largest independent owners of containerships, announced today that its Annual Report on Form 20-F for the year ended December 31, 2021 has been filed with the Securities and Exchange Commission and can be accessed on the Company's website, www.danaos.com.

Alternatively, shareholders may also request a hard copy of the complete audited financial statements, free of charge, by contacting the Company using the contact details provided at the end of this press release.

About Danaos Corporation

Danaos Corporation is one of the largest independent owners of modern, large-size containerships. Our fleet of 71 containerships aggregating 436,589 TEUs ranks Danaos among the largest containership charter owners in the world based on total TEU capacity. Our fleet is chartered to many of the world’s largest liner companies on fixed-rate charters. Danaos Corporation’s shares trade on the New York Stock Exchange under the symbol “DAC”.

Visit our website at www.danaos.com

Evangelos Chatzis
Chief Financial Officer
Danaos Corporation
Athens, Greece
Tel: +30 210 419 6480
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Iraklis Prokopakis
Senior Vice President & Chief Operating Officer
Danaos Corporation
Athens, Greece
Tel. +30 210 419 6400
E-Mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Investor Relations and Financial Media:
Rose & Company
New York
Tel. 212-359-2228
E-Mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

With University of Michigan, SwRI using machine learning, additive manufacturing, computational fluid dynamics for project

SAN ANTONIO--(BUSINESS WIRE)--#SouthwestResearchInstitute--Southwest Research Institute will collaborate with University of Michigan (UM) to use additive manufacturing and machine learning to create an advanced burner that will eliminate 99.5% of the methane encountered during oil production. Burners currently used on the field commonly perform below target specifications, especially under crosswind conditions, which results in a significant portion of this powerful greenhouse gas escaping into the atmosphere.

The three-year, $2.9 million project is funded by the U.S. Department of Energy’s Advanced Research Projects Agency–Energy (ARPA-E) Reducing Emissions of Methane Every Day of the Year (REMEDY) program. It is one of several projects funded in support of the U.S. Methane Emissions Reduction Action Plan, announced at the 2021 United Nations Climate Change Conference (COP26). The plan seeks to reduce methane emissions and promote American innovation and manufacturing of new technologies to achieve climate goals.

During oil production, producers encountering pockets of methane typically use flare stacks to burn off the vented gas. However, winds blowing across conventional open flame burners often result in 40% or more of the methane escaping into the air. Methane’s global warming effect is significantly greater than that of carbon dioxide on a per-unit basis, so flaring reduces overall global warming potential.

“In collaboration with UM, we will use machine learning, computational fluid dynamics and additive manufacturing to create a burner capable of achieving high methane destruction efficiency and combustion stability at the challenging conditions present on the field,” said SwRI Research Engineer Luis Gutierrez, one of the project’s leaders. “This will be a vast improvement over today’s conventional flare technology.”

Gutierrez is working with Prof. Margaret Wooldridge, an Arthur F. Thurnau Professor of Mechanical Engineering at UM and leader of the Wooldridge Combustion Laboratory. Wooldridge has extensive expertise on using advanced engineering methods to reduce emissions from combustion, like using machine learning tools to optimize combustion systems.

“The efficacy of a flare burner to destroy methane is mainly determined by the combined characteristics of the air and natural gas. This is affected by the conditions of the field, which cannot be controlled, but also by the geometric characteristics of the burner,” Gutierrez said. “Additive manufacturing has opened the door to experiment with novel and complex burner geometries that can enhance the efficiency and robustness of the combustion process in gas flares. In this project we will use computational fluid dynamics, machine learning, and multi-scale testing to explore less conventional solutions. Ultimately, by optimizing the fluid dynamics and gas mixing with a novel burner design, we aim to achieve lower methane emissions.”

The project will take advantage of SwRI’s Metering Research Facility (MRF), a world-class, high-technology flow measurement testbed, with the most accurate, controllable and flexible research capabilities in the industry. The MRF will provide realistic conditions to test the effectiveness of the burner’s geometry. Additionally, the burners will be fabricated in SwRI’s Metal Additive Manufacturing facilities.

Work on the burner is expected to begin in early 2022.

For more information, visit https://www.swri.org/fluid-dynamics-flow-measurement/metering-research-facility.

https://www.swri.org/press-release/swri-selected-arpa-e-create-more-effective-burner-reduce-methane-emissions

Joanna Quintanilla • (210) 522-2073 or This email address is being protected from spambots. You need JavaScript enabled to view it.

TORONTO--(BUSINESS WIRE)--$NRGI #Energy--Less than a month after launching a carbon credit ETF on the NEO Exchange, Ninepoint Partners LP (“Ninepoint”) returns to NEO with the launch of the Ninepoint Energy Income Fund (the “Fund”), trading under the symbol NRGI.

The Ninepoint Energy Income Fund seeks to provide investors with income and capital appreciation by investing in a diversified portfolio of dividend paying energy companies located primarily in Canada. The Fund is actively managed by Eric Nuttall, Portfolio Manager of the NEO-listed Ninepoint Energy Fund (NNRG), which was ranked the top-performing fund in Canada last year by Morningstar.¹

“The amount of free cash flow being generated by the energy sector is truly staggering,” said Eric Nuttall, Senior Portfolio Manager and Partner at Ninepoint Partners. “This Fund will aim to help investors participate in an industry that has entered a golden era of profits and enormous dividend potential."

Units of the Ninepoint Energy Income Fund are now available for trading on the NEO Exchange, along with eight other Ninepoint ETFs. Investors can purchase units of the Fund through their usual investment channels, including discount brokerage platforms and full-service dealers. Click here for a complete view of all NEO-listed securities.

“Ninepoint and NEO are at it again,” remarked Jos Schmitt, President and CEO of NEO. “We are thrilled to partner once more with the visionaries at Ninepoint to bring this latest fund to the market, providing investors with expanded access to some of the most abundant energy resources in the world. This listing is a power move by Ninepoint, supported by their exceptional track record in the Canadian energy sector. We look forward to continuing to provide first-rate service and support as we work together to advance the ETF eco-system across Canada.”

The NEO Exchange is home to well over 200 unique listings, including ETFs from Canada’s largest ETF issuers, and some of the most innovative Canadian and international growth companies. NEO consistently facilitates about 20% of all trading in Canadian ETFs and close to 15% of all volume traded across Canadian marketplaces.

About the NEO Exchange

The NEO Exchange is Canada’s Tier 1 stock exchange for the innovation economy, bringing together investors and capital raisers within a fair, liquid, efficient, and service-oriented environment. Fully operational since June 2015, NEO puts investors first and provides access to trading across all Canadian-listed securities on a level playing field. NEO lists companies and investment products seeking an internationally recognized stock exchange that enables investor trust, quality liquidity, and broad awareness including unfettered access to market data.

NEO recently launched the Canadian ETF Market, a user-friendly platform providing investors and advisors with one-stop access to ETF research and analysis. Real-time, institutional-grade data powered by ETF specialist Trackinsight allows users to compare, contrast, and explore the entire universe of 1,200+ Canadian ETFs, free of charge.

Connect with NEO: Website | LinkedIn | Twitter | Instagram | Facebook

About Ninepoint Partners LP

Based in Toronto, Ninepoint is one of Canada’s leading alternative investment management firms overseeing approximately $8 billion in assets under management and institutional contracts. Committed to helping investors explore innovative investment solutions that have the potential to enhance returns and manage portfolio risk, Ninepoint offers a diverse set of alternative strategies including Alternative Income and Real Assets, in addition to North American and Global Equities.

Connect with Ninepoint: Website | LinkedIn | Twitter

__________________________
¹ Morningstar, Dec 31 2021, https://www.morningstar.ca/ca/news/217527/10-top-performing-canadian-mutual-funds-in-2021.aspx

NEO Media:
Aimee Morita
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MADRID--(BUSINESS WIRE)--Birds are chirping, daylights are adding up, warmer temperatures are steadily rolling in, winter has come to an end and spring is knocking at the door. Springtime is always considered as the most comfortable weather to go out. It’s time to put thick coats back to enjoy nature.

BLUETTI, a global leader in user-side energy storage industry, is making all-in-one solutions of solar power more accessible to everyone. Now BLUETTI’s offering March Madness spring sale across some of its product. Let’s take a closer look!

AC200MAX- Best Mid-weight Power System

AC200MAX is actually the first modular solar power station from BLUETTI. Despite looking like the AC200P, AC200MAX is just better in many ways. It integrates a 2048Wh (51.2V 40Ah) ultra-durable LiFePO4 battery pack that holds up to 3,500 cycles before dropping to 80% efficiency and a 2200-watt pure sine wave inverter, but has faster solar and AC charging options. It allows a max 900W of solar input and 500W through AC charging. With the intuitive BLUETTI App, everything happening in the AC200MAX can all be controlled and monitored from a distance. If extended with two extra B300 batteries, the AC200MAX is able to reach a maximum capacity of 8,192Wh, a dependable power source to run most essential needs for an emergency or living away from home.

AC300 & B300: Game-changing Power Combo

AC300 is 100% modular and comes without an internal battery pack. It features a 3000W pure sine wave inverter and can go full-time solar with the capability in receiving 2400W unrivalled MPPT solar charging input. If hook up with four B300 (3,072Wh storage capacity for each) battery packs, it can be expanded up to as much as 12,288Wh.

EB55 & EB70 & AC50S: Small Yet Packs a Punch

For those who prefer more portability, of course they’re not left behind, BLUETTI has prepared the EB55, EB70 and of course AC50S. Some of them feature a combination of 200W AC and 200W solar input for quick charging, together with 15W wireless charger as well as sufficient outputs that are enough to power up 10+ devices at the same time.

Where and when to buy

Just keep in mind that BLUETTI's Spring Sale 2022 will finish on Mar 14.

For more information, please visit BLUETTI at BLUETTI ESPAÑOL or follow on:

Facebook: https://www.facebook.com/bluetti.es
Telegram: https://t.me/bluetties

Vita Lei
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SOLON, Ohio--(BUSINESS WIRE)--Energy Focus, Inc. (NASDAQ:EFOI), a leader in sustainable, energy-efficient lighting and control systems and ultraviolet-c light disinfection (“UVCD”) products for the commercial, military maritime and consumer markets, will announce its financial results for its fourth quarter and fiscal year ended December 31, 2021, pre-market on March 17^th and will hold a conference call that day at 11 a.m. ET to discuss the results.

You can access the live conference call by dialing the following phone numbers:

Toll-free 1-877-451-6152 or
International 1-201-389-0879
Conference ID# 13726068

The conference call will be simultaneously webcast. To listen to the webcast, log on to it at: https://viavid.webcasts.com/starthere.jsp?ei=1522523&tp_key=55cae2bf30. The webcast will be available at this link through April 1, 2022. Financial information presented on the call, including the earnings press release, will be available on the investors section of Energy Focus’ website, investors.energyfocus.com.

About Energy Focus:

Energy Focus is an industry-leading innovator of sustainable light-emitting diode (“LED”) lighting and lighting control technologies and solutions, as well as UV-C Disinfection technologies and solutions. As the creator of the first flicker-free LED lamps, Energy Focus develops high quality LED lighting products and controls that provide extensive energy and maintenance savings, as well as aesthetics, safety, health and sustainability benefits over conventional lighting. Our EnFocus™ lighting control platform enables existing and new buildings to provide quality, convenient and affordable, dimmable and color-tunable, circadian and human-centric lighting capabilities. In addition, our patent-pending UVCD technologies and products, aim to provide effective, reliable and affordable UVCD solutions for buildings, facilities and homes. Energy Focus’ customers include U.S. and U.S. ally navies, U.S. federal, state and local governments, healthcare and educational institutions, as well as Fortune 500 companies. Since 2007, Energy Focus has installed approximately 900,000 lighting products across the U.S. Navy fleet, including tubular LEDs, waterline security lights, explosion-proof globes and berth lights, saving more than five million gallons of fuel and 300,000 man-hours in lighting maintenance annually. Energy Focus is headquartered in Solon, Ohio. For more information, visit our website at www.energyfocus.com.

Investor Contact:
Hayden IR
Brett Maas
646-536-7331
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BURLINGTON, Ontario--(BUSINESS WIRE)--Anaergia Inc. (“Anaergia” or the “Company”) (TSX: ANRG) and partner, Continuus Materials, signed a contract Project Development Agreement (“PDA”) with the Board of the Kent County Department of Public Works.

Under the terms of the PDA, the parties agreed to terms for a potential project under which an approximately US$280 million state-of-the-art Material Recovery Facility (MRF) converting solid waste to products, fertilizer, and renewable natural gas (RNG), would be built by Anaergia and Continuus Materials. The PDA indicates that the initial term of this agreement is to be for a period of twenty-five years from the start of operations.

As previously disclosed, the facility is expected to be a world-leading facility, achieving the County’s ambitious landfill diversion targets, while supporting its visionary sustainability goals and creating economic stimulus in West Michigan.

About Anaergia

Anaergia was created to eliminate a major source of greenhouse gases by cost effectively turning organic waste into renewable natural gas (“RNG”), fertilizer and water, using proprietary technologies. With a proven track record from delivering world-leading projects on four continents, Anaergia is uniquely positioned to provide end-to-end solutions for extracting organics from waste, implementing high efficiency anaerobic digestion, upgrading biogas, producing fertilizer and cleaning water. Our customers are in the municipal solid waste, municipal wastewater, agriculture, and food processing industries. In each of these markets, Anaergia has built many successful plants, including some of the largest in the world. Anaergia owns and operates some of the plants it builds, and it also operates plants that are owned by its customers.

Forward-Looking Statements

This news release may contain forward-looking information within the meaning of applicable securities legislation, which reflects the Company’s current expectations regarding future events. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Company’s control. Actual results could differ materially from those projected herein. Anaergia does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required under applicable securities laws.

For further information please see: www.anaergia.com
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Source: Anaergia, Inc.

Media Relations:
Melissa Bailey
Director, Marketing & Corporate Communications
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Increased DSS Fee Combined with Lower Operating Costs and Rental Fleet Deployments to Improve Financial Performance

VAN NUYS, Calif.--(BUSINESS WIRE)--$CGRN #Businessmodel--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 it is increasing its Distributor Support System, or DSS program fee to support the expanding EaaS business. The Company anticipates receiving an estimated $2.8 million in the calendar year 2022. The increase in annual DSS fee combined with the new expense reduction plan implemented last week is intended to support Capstone's stated goal of reaching consistent quarterly positive adjusted EBITDA.

The Company has recently undertaken a holistic review of the organization, taking the growing EaaS business into account. The Capstone DSS program adds diversity to the Company’s EaaS revenues which also include long-term rentals, long-term service agreements, spare parts and engineering services.

The DSS program started back in calendar year 2018 when Capstone received $1.1 million from its global Distribution network through funding derived from a formula based on a Capstone global Distribution partner’s prior calendar year of Capstone-specific revenue. Today, as a result of the DSS program, Capstone has increased its worldwide marketing and customer adoption efforts without negatively affecting its adjusted EBITDA results.

The new DSS program increase aims to support additional growth of the Capstone EaaS business and provide improved worldwide Distributor training, sales efficiency, website development, branding, and funding for increased strategic marketing and customer adoption activities. Specifically, the DSS program consolidates funding for additional support that is necessary for ongoing Distributor business development activities, improved Distributor aftermarket support, customer lead generation, brand awareness, and marketing services for each geography and market vertical served.

“The DSS program has been very successful and is a key enabler of our current 17% growth in the trailing twelve months ended December 31, 2021 over the previous twelve month period and will support future EaaS revenue growth plans as we continue to focus on customer adoption efforts, marketing and branding,” said Darren Jamison, President and Chief Executive Officer of Capstone Green Energy.

“The beauty of the DSS program is that it allows us to speed up the maturation process within the Capstone Green Energy Distribution channel while continuing to expand the program’s funding each year as our annual revenue increases.” Mr. Jamison continued, “In addition, it helps identify which of our Global Distribution partners are aligned with Capstone’s corporate goals and improve our ability to execute future EaaS growth plans.”

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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JIAXING, China--(BUSINESS WIRE)--APsystems, the global leader in multi-platform solar MLPE devices, today announced it has surpassed 2 gigawatts (GW) of installed capacity to date. APsystems now has more than 146,000 solar installation sites in over 100 countries utilizing its groundbreaking microinverters and rapid shutdown devices (RSDs).

The announcement comes as APsystems passes the 1-million-unit mark for RSD shipments under its APsmart brand, another major achievement for the company. Since launching in 2019, APsmart business units have experienced solid growth supported by an innovative range of SunSpec compliant rapid shutdown devices including single and dual-module solutions.

"Reaching two gigawatts is a tremendous accomplishment for our global organization and a milestone we are all very proud of," said Dr. Zhi-min Ling, co-founder and chairman of APsystems. "Our customers around the world recognize the tremendous value and benefits of using APsystems products. This milestone is the result of our commitment to consistently add to that value and support our customers’ goals."

In addition to the high-efficiency power conversion provided by APsystems products in sites around the world, the 2 GW milestone translates to roughly 2.8 terawatt hours (TWh) of total energy produced, with a carbon offset of more than 2 million tons of CO2.

"APsystems has been a benchmark leader in solar energy since 2010," said Olivier Jacques, APsystems president of global business units and global executive vice-president. “We have been recognized for creating the best-selling native 3-phase quad microinverter, and, recently, the most powerful range of dual-module microinverters in the world with the DS3 series. We are driven to push the boundaries of solar power.”

APsystems’ success in reaching the 2 GW milestone as cumulative shipments of microinverters and RSD solutions, is attributed, in large part, to its global dedication to innovation combined with the experience and capabilities of its employees in each business unit around the world. Driven by customer demand, the power electronics design experts comprising APsystems’ engineering and R&D teams employ the latest breakthroughs in power inversion circuitry, semiconductor device technology, high-speed encrypted communication protocols and intelligent control. APsystems’ newly introduced product line, the DS3 microinverter series, is a continuation of its ever-evolving roadmap centered on disruptive solar technology.

Additionally, APsystems continues to invest in its gateway software, inverter firmware, and its cloud-based online platform to protect installer and consumer data while providing customers with the best possible user experience. APsystems’ information security management system (ISMS) is now certified to ISO/IEC 27001:2013 (also known as ISO27001), the international standard for information security, and encrypted Zigbee technology has been integrated as a standard feature in all new generations of multi-module microinverters.

People, innovation and leading-edge system design and security are part of the framework that has propelled APsystems to the forefront of global solar MLPE system leadership. APsystems would like to thank all its customers, partners, and employees for being part of this tremendous achievement, and for positively impacting its story, and indeed the world itself, for the better.

About APsystems

APsystems is the #1 global multi-platform MLPE solution provider, offering microinverter and rapid shutdown devices for the global solar PV industry. APsystems microinverters are intelligent, innovative, and the best-selling multi-module microinverters in the world.

Founded in Silicon Valley in 2010 and headquartered in Jiaxing, China, APsystems encompasses 4 global business units serving customers in over 100 countries. With millions of units sold producing more than 2.8 TWh of clean, renewable energy, APsystems continues to be a leader in the ever-growing solar MLPE segment.

APsystems USA is based in Seattle, Washington; APsystems EMEA is based in Rotterdam, Netherlands and Lyon, France (Branch); APsystems APAC is based in Jiaxing and Shanghai, China. APsystems also has locations in Guadalajara, Mexico and Sydney, Australia.

Learn more at www.APsystems.com.

Jason Higginson
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Scale Microgrid Solutions (“Scale”), a Warburg Pincus portfolio company, announced today that it has acquired three community solar projects in Upstate New York with 14 MW of capacity from Nexus Renewables (“Nexus”).

RIDGEWOOD, N.J.--(BUSINESS WIRE)--This initial acquisition represents the first tranche of a larger $100 million agreement between Nexus and Scale whereby Scale will fund the development, construction, and acquisition of a portfolio of distributed grid-connected solar and battery energy storage projects across the United States. Concurrent with the acquisition, Scale has issued notice to proceed under a fixed-price turnkey EPC agreement with an anticipated commercial operations date in the first quarter of 2023.

The community solar capacity is expected to generate enough renewable electricity to meet the typical demands of over 2,550 households or small businesses in the Upstate New York area. Qualifying residents and businesses will be able to purchase their electricity through cleaner energy sources, providing a sustainable option for those that might not own their own homes or business facilities, have insufficient roof conditions or that might not be able to afford a standalone system.

“This initial acquisition underscores our commitment to provide a full-stack capital solution and demonstrates our capabilities to engage in late-stage project development with valued partners like Nexus Renewables,” says Julian Torres, Chief Investment Officer at Scale.

“Investing in community solar is an important part of the mission here at Scale - these projects allow us to make renewable energy more accessible to all, and help to address one of the largest challenges facing humanity. As we add to our rapidly growing distributed solar and energy storage projects across the United States, we're proud to add Nexus as a trusted partner,” says Ryan Goodman, CEO at Scale.

About Scale Microgrid Solutions: Scale is a vertically integrated distributed energy platform, with a core focus of designing, building, financing, owning and operating cutting-edge distributed energy assets that offer cheaper, cleaner, and more resilient power. Their team of energy and financing experts accelerate growth in distributed energy projects by providing financing to technology providers, energy developers, and OEMs, while also directly helping large energy-consuming customers ​to take charge of their energy infrastructure and future-proof their businesses.

Media:
Nicole Green
Director, Marketing and Branding
Scale Microgrid Solutions
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