BOCA RATON, Fla.--(BUSINESS WIRE)--Bluegreen Vacations Holding Corporation (NYSE: BVH) (OTCQX: BVHBB) (the “Company") announced today that its Board of Directors has expanded the Company’s share repurchase program by authorizing the repurchase of an additional $50 million of shares of the Company’s Class A and Class B Common Stock.
On August 9, 2021, the Company announced that its Board of Directors had approved a share repurchase program which authorized the Company, in management’s discretion, to repurchase shares from time to time, subject to market conditions and other factors considered by management, for an aggregate purchase price of up to $40 million. Since the inception of this share repurchase program, the Company has repurchased approximately 1.2 million shares of its Class A Common Stock and approximately 19,000 shares of its Class B Common Stock for an aggregate purchase price of approximately $27.3 million. Based on the Board’s expansion of the program, approximately $62.7 million will be available for repurchasing shares in the future.
The timing, price, and number of shares repurchased under the program in the future will be based on market conditions, applicable securities laws, and other factors considered by management. Share repurchases under the program may be made through solicited or unsolicited transactions in the open market or in privately negotiated transactions. The share repurchase program does not obligate the Company to repurchase any specific amount of shares and may be suspended, modified, or terminated at any time without prior notice.
About the Company: Bluegreen Vacations Holding Corporation (NYSE: BVH; OTCQX: BVHBB) is a leading vacation ownership company that markets and sells vacation ownership interests and manages resorts in popular leisure and urban destinations. The Bluegreen Vacation Club is a flexible, points-based, deeded vacation ownership plan with 68 Club and Club Associate Resorts and access to nearly 11,300 other hotels and resorts through partnerships and exchange networks. The Company, through Bluegreen Vacations Corporation, also offers a portfolio of comprehensive, fee-based resort management, financial, and sales and marketing services to, or on behalf of, third parties.
For further information, please visit us at:
Bluegreen Vacations Holding Corporation: www.BVHCorp.com
This press release contains forward-looking statements. All opinions, forecasts, projections, future plans or other statements, other than statements of historical fact, are forward-looking statements. The forward looking statements in this press release are also forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements are based on current expectations and involve a number of risks and uncertainties. Actual results, performance, or achievements could differ materially from those contemplated, expressed, or implied by the forward-looking statements contained herein. Risks and uncertainties include, but are not limited to, the amount of shares, if any, which may be repurchased by the Company in the future, the timing of any share repurchases, the availability of funds for the repurchase of shares, and the impact of the repurchase of shares on the market for Bluegreen Vacations Holding Corporation’s Class A Common Stock and Class B Common Stock. Reference is also made to the other risks and uncertainties described in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, which is expected to be filed with the SEC on or about March 3, 2022, which is are available to view on the SEC's website, https://www.sec.gov and on the Company’s website, www.BVHcorp.com. The Company cautions that the foregoing factors are not exclusive. The reader should not place undue reliance on any forward-looking statement, which speaks only as of the date made.
Bluegreen Vacations Holding Corporation Contact Info
Investor Relations: Leo Hinkley, Managing Director, Investor Relations Officer
Telephone: 954-399-7193
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Collaborative process seeks to eliminate the fossil fuel impact of ethanol production
BERKELEY, Calif.--(BUSINESS WIRE)--Carbon transformation company Twelve and biotechnology company LanzaTech have transformed CO2 emissions into ethanol as a part of an ongoing research and development partnership.
The two companies combined technology capabilities to create ethanol, which is a common alcohol used as fuel, and an ingredient in hand sanitizers, personal care, and household cleaning products. Ethanol is typically produced using biological processes or as a petrochemical, through ethylene hydration, using fossil fuels. It's also often produced using corn and other crop feedstocks, but this approach is dependent on crops that otherwise could be used to grow food or waste feedstocks. Twelve and LanzaTech are eliminating fossil fuels from ethanol production by converting CO2 to CO through Twelve’s carbon transformation technology, and subsequently using LanzaTech’s small Continuous Stirred Tank Reactor (CSTR) to convert CO to ethanol. This approach is highly scalable and could ultimately produce ethanol at an industrial scale, while simultaneously eliminating CO2 emissions.
“Collaboration is critical to our work in a rapidly evolving technology space. As we use carbon transformation to address long-standing climate challenges, developing pathways to ethanol and other critical products are key to a fossil free future,” said Twelve Co-Founder and CSO Etosha Cave.
“Our partnership with Twelve provides us with the feedstock needed to create critical resources like ethanol without adding CO2 to the atmosphere. Our process aims to rebalance the overabundance of carbon in our environment and instead reuse it for meaningful applications,” said LanzaTech CEO Dr. Jennifer Holmgren.
In Fall 2021, Twelve and LanzaTech also announced plans to develop polypropylene from CO2 with a grant from Impact Squared. This work will see Twelve converting CO2 to CO, which will in turn be converted by LanzaTech’s proprietary microbe to isopropyl alcohol (IPA). Finally, TotalEnergies, based on its alcohols dehydration knowhow (AtolTM), will dehydrate it into propylene which will be polymerized into polypropylene with the same technical characteristics as its fossil counterparts. Polypropylene is a major polymer used in key applications, including medical devices like syringes and IV bags, automotive, furniture, textiles, and other durable products.
About Twelve
Twelve is the carbon transformation company, a new kind of chemical company built for the climate era. We make essential products from air, not oil. Our groundbreaking technology eliminates emissions by transforming CO2 into critical chemicals, materials and fuels that today are made from fossil fuels. We call it carbon transformation, and it fundamentally changes how we can address climate change, reduce emissions and reverse the carbon imbalance. Reinventing what it means to be a chemical company, we’re on a mission to create a climate positive world and a fossil free future through the power of chemistry. Learn more at www.twelve.co.
About LanzaTech
LanzaTech harnesses the power of biology and big data to create climate-safe materials and fuels. With expertise in synthetic biology, bioinformatics, Artificial Intelligence and Machine Learning coupled with engineering, LanzaTech has created a platform that converts waste carbon into new everyday products that would otherwise come from virgin fossil resources. LanzaTech’s first commercial scale gas fermentation plant has produced over 30M gallons of ethanol which is the equivalent of keeping over 150,000 metric tons of CO2 from the atmosphere. Additional plants are under construction globally. LanzaTech is based in Illinois, USA and employs more than 300 people. Further information is available at www.lanzatech.com.
About TotalEnergies
TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our 105,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.
Liz Crumpacker | This email address is being protected from spambots. You need JavaScript enabled to view it.
MONTREAL--(BUSINESS WIRE)--Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of sustainable gas technologies, will announce its 2021 fourth quarter and year end financial results on Thursday, March 17, 2022, before the market opens at 7:00 AM EST, followed by a webinar at 8:30 AM EST (5:30 AM PST).
Xebec invites shareholders, analysts, investors, media representatives, and other stakeholders to attend our webinar where management will discuss Q4 and year-end 2021 results followed by a Question and Answer period.
Kurt Sorschak, President and CEO will host the webinar alongside CFO, Stéphane Archambault and COO, Jim Vounassis.
Investor Webinar Registration and Replay
Register here: https://app.livestorm.co/xebec-adsorption-inc/2021-q4-investor-webinar
A recording of the webinar can be accessed with the above link and supporting materials will be made available in the investor’s section of the company’s website at xebecinc.com/investors.
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, fourteen Cleantech Service Centers and five sales offices spanning over four continents. Xebec trades on the Toronto Stock Exchange under the symbol (TSX: XBC). For more information, xebecinc.com.
Xebec Adsorption Inc.
Brandon Chow, Director, Investor Relations
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+1 450.979.8700 ext 5762
TORONTO--(BUSINESS WIRE)--$BCBN #BaseCarbon--NEO is proud to announce the public markets debut of Base Carbon Inc. (“Base Carbon” or the “Company”), a firm that provides capital, development expertise, and management operating resources to projects involved primarily in voluntary carbon markets and the broader ESG economy. The Company seeks to be the preferred partner to carbon projects globally, and endeavours to use technologies within the evolving carbon industry to enhance efficiencies, commercial credibility, and trading transparency. Base Carbon is now available for trading on the NEO Exchange under the symbol BCBN.
“Listing on the NEO Exchange is a transformative step for Base Carbon. With this listing, we now have greater access to a broad base of equity investors and financing partners as we develop a portfolio of carbon reduction projects globally,” said Michael Costa, CEO of Base Carbon. “We are optimistic about our future and are committed to our goal of being a trusted carbon partner in aiding organizations to achieve their net-zero commitments.”
With today’s launch, Base Carbon has become the latest in a steady pipeline of companies in the energy transition space – and the second in the carbon sector – to list on the NEO Exchange, Canada’s Tier 1 stock exchange fueling the innovation economy.
“With commitments from governments around the world to achieve net-zero greenhouse gas emissions by 2050, the demand for carbon credits and the need for carbon reduction projects has soared,” commented Jos Schmitt, President and CEO of NEO. “Base Carbon is at the forefront of this incredibly promising industry, paving the way for a solution to the looming climate crisis. We are honoured to be the stock exchange of choice for Base Carbon, as they make carbon projects and carbon credits more accessible to investors who are looking to be a part of the solution while generating investment returns. We congratulate the entire Base Carbon team on their public markets debut, and look forward to a shared capital markets journey founded on innovation and doing what is right, within our respective fields.”
Investors can trade shares of BCBN through their usual investment channels, including discount brokerage platforms and full-service dealers. The NEO Exchange is home to well over 200 unique listings, including some of the most innovative Canadian and international growth companies, and ETFs from Canada’s largest ETF issuers. NEO consistently facilitates close to 15% of all Canadian trading volume. Click here for a complete view of all NEO-listed securities.
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.
Connect with NEO: Website | LinkedIn | Twitter | Instagram | Facebook
Connect with Base Carbon: Website | LinkedIn | Twitter
NEO Media Contact:
Aimee Morita
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Strengthens Management Team in Anticipation of First Delivery of Carbon Credits
TORONTO--(BUSINESS WIRE)--$NETZ #NETZ--Carbon Streaming Corporation (NEO: NETZ) (OTCQB: OFSTF) (FSE: M2Q) (“Carbon Streaming” or the “Company”) is pleased to announce the addition of Oliver Forster as Vice President of Sales as the Company anticipates its first delivery of carbon credits from previously announced streaming agreements.
Carbon Streaming’s CEO Justin Cochrane stated: “On behalf of the entire organization I would like to extend a very warm welcome to Mr. Oliver Forster. His unique background in carbon credit sales and in designing emission reduction programs for global corporations makes him a valuable addition to the Carbon Streaming team.”
Oliver Forster (VP of Sales) brings with him nearly a decade of experience devoted to climate action and strategic corporate sustainability consulting. He joins Carbon Streaming from his role as Director of Business Development at ClimateCare / Natural Capital Partners, where he managed a team of sales and sustainability consultants. Mr. Forster holds a Bachelor of Science degree in Environmental Geoscience from The University of Edinburgh (UK) and a Master’s in Leadership for Sustainable Development degree from Middlesex University (UK).
About Carbon Streaming
Carbon Streaming is a unique ESG principled company offering investors exposure to carbon credits, a key instrument used by both governments and corporations to achieve their carbon neutral and net-zero climate goals. Our business model is focused on acquiring, managing and growing a high-quality and diversified portfolio of investments in projects and/or companies that generate or are actively involved, directly or indirectly, with voluntary and/or compliance carbon credits.
The Company invests capital through carbon credit streaming arrangements with project developers and owners to accelerate the creation of carbon offset projects by bringing capital to projects that might not otherwise be developed. Many of these projects will have significant social and economic co-benefits in addition to their carbon reduction or removal potential.
To receive corporate updates via e-mail as soon as they are published, please subscribe here.
Cautionary Statement Regarding Forward-Looking Information
This news release contains certain forward-looking statements and forward-looking information (collectively, ‘forward-looking information’) within the meaning of applicable securities laws. All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements with respect to the timing of future carbon credit delivery from the Company’s existing investments and statements regarding the Company’s financial future) are forward-looking information.
This forward-looking information is based on the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking information is subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: general economic, market and business conditions and the other risks disclosed under the heading “Risk Factors” and elsewhere in the Company’s Annual Information Form dated as of September 27, 2021 filed on SEDAR at www.sedar.com.
Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.
ON BEHALF OF THE COMPANY:
Justin Cochrane, Chief Executive Officer
Tel: 647.846.7765
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www.carbonstreaming.com
-Kiewit announced as the EPC, IHI Terrasun Solutions as the integrator for the 690 MWac PV/1416 MWh BESS Project
-Primergy’s proprietary low-touch development methodologies ensures minimal environmental impacts to local wildlife for one of North America’s largest solar and battery storage projects
OAKLAND, Calif.--(BUSINESS WIRE)--Primergy Solar LLC ('Primergy'), a leading developer, owner and operator of utility and distributed scale solar and storage, announced today the final selection of major equipment suppliers and construction partners for the highly anticipated $1.2 billion Gemini Project located near Las Vegas, Nevada. Primergy is a portfolio company of Quinbrook Infrastructure Partners (‘Quinbrook’).
After a comprehensive and detailed procurement process, Primergy selected Kiewit Power Constructors Co. (Kiewit) as Gemini’s engineering, procurement and construction (EPC) partner and IHI Terrasun Solutions (Terrasun) as the battery storage integrator. Both companies have decades of experience in construction and installation, product development, procurement and systems integration in the renewable energy and power sector. Maxeon Solar Technologies was also selected to provide its high efficiency bifacial solar modules.
David Scaysbrook, Managing Partner of Quinbrook said, “The final selection of equipment supply and construction partners for Gemini has been a long, detailed and thoughtful process. The Quinbrook and Primergy teams have worked diligently to evaluate each supplier’s credentials and track record from an ESG perspective in accordance with Quinbrook policies. This includes detailed supply chain investigation and materials sourcing to ensure we have procured responsibly, especially in a challenging market and regulatory environment for solar and storage equipment. We believe we have chosen the best possible technical combinations for a milestone project and applaud our respective teams for their efforts to get to this point.’
The unprecedented Gemini project is a $1.2 billion, 690 MWac/966 MWdc solar array and 1,416 MWh storage facility that will deliver power when Nevadans need it most. The project will feature over 1.8 million solar modules installed on approximately 6,500 acres of federal land and will produce enough clean energy to power the entire city of Las Vegas. During the construction phase, Gemini is expected to create approximately 1,000 local jobs, which will be sourced through union participation. Construction is expected to be completed in 2023 with operations beginning shortly thereafter.
“The Gemini Project is extraordinary in its scope and scale, and we are excited to join Primergy in significantly expanding the availability of clean energy,” said Dave Flickinger, Executive Vice President of Kiewit Energy Group, Inc. “With more than 40 years of experience in developing renewable energy projects, we are well equipped to deliver an outstanding solar array and battery system while also supporting Primergy’s commitment to safety, reliability, environmental stewardship and the surrounding community.”
“IHI Terrasun is proud to be part of such a historic moment,” said Jamal Burki, President of IHI Terrasun. “We look forward to bringing our advanced DC-coupled solar and storage solutions to the Gemini Project while employing our lifecycle services aimed at ensuring a smooth and reliable operations for all involved.”
Primergy has invested significant resources to minimize the physical footprint of the Gemini project where practicable to both preserve and protect local flora and fauna. The company has partnered with biologists to create the industry’s first Desert Tortoise Relocation Plan, which tracks, cares for and will safely reintroduce the protected species back into their natural habitat once construction is complete. Additionally, Primergy will implement responsible and efficient construction processes, such as using alternative site preparation methods, establishing narrow road corridors into the project site, and building appropriately spaced, raised rows of solar modules to ensure nearly 80 percent of the land on site remains open to the sky.
“While the size, scale and innovative integration of solar PV coupled with battery storage makes Gemini one of the most complex clean energy projects ever developed, Gemini also sets new and timely benchmarks in sustainable infrastructure development,” explained Ty Daul, CEO of Primergy. “Through Gemini, Primergy has pioneered a holistic approach to responsible project development that considers complete ecosystem management, collaborative partnerships with local and community stakeholders and undertakes careful due diligence in supply chain and equipment selection. This ensures the company procures responsibly, minimizes environmental impact and delivers lasting community benefits across jobs, training and ongoing education in the benefits of large-scale clean energy infrastructure.”
Primergy’s Nevada portfolio alone exceeds 1,300 MWac of solar and 3,330 MWh of battery energy storage systems (BESS) under contract with NV Energy as well as multiple additional projects in the development phase. Established in 2020, Primergy has quickly established a leadership position in large scale solar and storage projects with a growing platform now exceeding 6 GW of both operational and development assets across the US.
For more information on Primergy, please visit https://www.primergysolar.com/. For more information about the Gemini project, including simulations of the final project and detail on our environmental resource management, please visit www.primergygemini.com.
About Primergy Solar
Primergy Solar, LLC (https://www.primergysolar.com) is a developer, owner and operator focused on both distributed and utility scale solar PV and battery storage projects in North America. Primergy Solar features a diverse and talented team with decades of experience in renewables project development, financing, construction and operations. It is currently managing and progressing a significant portfolio of operational and development stage solar+ battery storage projects. Primergy Solar is a portfolio company of Quinbrook Infrastructure Partners and represents Quinbrook’s principal solar and solar plus energy storage investment platform in North America.
About Quinbrook Infrastructure Partners
Quinbrook Infrastructure Partners (http://www.quinbrook.com) is a specialist investment manager focused exclusively on renewables, storage and grid support infrastructure and operational asset management in the US, UK, and Australia. Quinbrook is led and managed by a senior team of power industry professionals who have collectively invested c.USD 8.2 billion equity in energy infrastructure assets since the early 1990s, representing a total enterprise value of c.USD 28.7 billion or 19.5 GW of power supply capacity. Quinbrook has completed a diverse range of direct investments in both utility and distributed scale onshore wind and solar power, battery storage, reserve peaking capacity, biomass, fugitive methane recovery, hydro and flexible energy management solutions in the US, UK, and Australia.
Media
Alex Autry – Primergy
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Jennifer Pflieger – Quinbrook
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ST. LOUIS--(BUSINESS WIRE)--Emerson (NYSE: EMR) today announced an agreement to sell its Therm-O-Disc sensing and protection technologies business to an affiliate of One Rock Capital Partners, LLC (“One Rock”).
With a strong legacy dating back to 1947, Therm-O-Disc is a global leader in highly engineered sensors and hermetic feedthroughs for blue-chip customers in the HVAC, appliance, industrial, automotive, and aerospace and defense markets. The sale of Therm-O-Disc represents the next step in Emerson’s drive toward a higher growth, more diversified and cohesive portfolio.
The transaction is expected to close in the second calendar quarter of 2022 subject to regulatory approvals and other customary closing conditions. Emerson will work closely with One Rock to help ensure a smooth transition for customers and employees.
For the transaction, Emerson engaged Evercore as its financial advisor and Davis Polk & Wardwell LLP as legal counsel.
About Emerson
Emerson (NYSE: EMR), headquartered in St. Louis, Missouri (USA), is a global technology and engineering company providing innovative solutions for customers in industrial, commercial and residential markets. Our Automation Solutions business helps process, hybrid and discrete manufacturers maximize production, protect personnel and the environment while optimizing their energy and operating costs. Our Commercial & Residential Solutions business helps ensure human comfort and health, protect food quality and safety, advance energy efficiency and create sustainable infrastructure. For more information, visit Emerson.com.
About One Rock
One Rock makes controlling investments in companies with potential for growth and operational improvement using a rigorous approach that utilizes highly experienced Operating Partners to identify, acquire and enhance businesses in select industries. The involvement of these Operating Partners affords One Rock the ability to conduct due diligence and consummate acquisitions and investments in all types of situations, regardless of complexity. One Rock works collaboratively with company management and its Operating Partners to develop a comprehensive business plan focused on growing the enterprise and its profitability to enhance long-term value. For more information, visit www.onerockcapital.com.
Forward-Looking and Cautionary Statements
Statements in this press release that are not strictly historical may be “forward-looking” statements, which involve risks and uncertainties, and Emerson undertakes no obligation to update any such statements to reflect later developments. These risks and uncertainties include the scope, duration and ultimate impact of the COVID-19 pandemic as well as economic and currency conditions, market demand, including related to the pandemic and oil and gas price declines and volatility, pricing, protection of intellectual property, cybersecurity, tariffs, competitive and technological factors, among others, as set forth in the Company's most recent Annual Report on Form 10-K and subsequent reports filed with the SEC. The outlook contained herein represents the Company's expectation for its consolidated results.
Investor contact: Colleen Mettler 314-553-2197
Media contact: Charlotte Boyd 952-994-8607
Uplist, Reverse Split and Ticker Change to “EP” will be Effective as of March 8, 2022
TULSA, Okla.--(BUSINESS WIRE)--Empire Petroleum Corporation ("Empire" or the “Company”) (OTCQB: EMPR), an operator of conventional oil and gas properties, today announced the New York Stock Exchange (“NYSE”) has approved the listing of the Company’s common stock to the NYSE American. In connection with the uplisting, the Company’s trading ticker will change to “EP”. Both changes will be effective at the open of trading on March 8, 2022.
Also effective with the uplisting, Empire will reverse split its common shares at a ratio of one-for-four (1:4), as previously approved by its stockholders on August 31, 2021. The new CUSIP number for the Company’s common stock will be 292034 303.
“Uplisting to the NYSE American marks a significant milestone in Empire’s transformation that we began a few years ago,” said Mike Morrisett, President of Empire. “I want to thank our employees and stockholders for their commitment and patience in support of the Company. We believe the uplisting will broaden the awareness of Empire with the investment community, and ultimately increase liquidity.
“Empire’s listing on the NYSE American coincides with the Company’s record production resulting from organic growth from both oil exploration and development successes that we’ve recently experienced. This success will support the Company as it continues to drive forward as a diversified, low-leverage, free cash flow conventional oil and gas operator,” added Tommy Pritchard, CEO of Empire.
At the effective time of the 1:4 reverse stock split, every four shares of the Company’s issued and outstanding common stock will be automatically converted into one share of issued and outstanding common stock, with any fractional share entitled to receive a cash payment equal to the fractional share multiplied by an average of closing bid prices. The reverse stock split will reduce the number of shares of the Company’s common stock outstanding from approximately 79.5 million shares to approximately 19.9 million shares. The reverse split will uniformly impact all stockholders, as it will not alter any stockholder's percentage equity interest in the Company, and not result in any dilution, except to the extent that the reverse split results in a stockholder owning a fractional share. Stockholders holding shares through a brokerage account will have their shares automatically adjusted to reflect the reverse stock split.
ABOUT EMPIRE PETROLEUM CORPORATION
Empire Petroleum Corporation is a publicly traded, Tulsa-based oil and gas company with current producing assets in Texas, Louisiana, North Dakota, Montana and New Mexico. Management is focused on targeted acquisitions of proved developed assets with synergies with its existing portfolio of wells. Empire looks for assets where its operational team can deploy rigorous field/well management techniques to reduce unit operating costs and improve margins while optimizing production. More information about Empire can be found at www.empirepetrocorp.com.
FORWARD LOOKING STATEMENTS
This press release includes certain statements that may be deemed “forward-looking statements” within the meaning of the federal securities laws. All statements, other than statements of historical facts that address activities, events or developments that Empire expects, believes or anticipates will or may occur in the future are forward-looking statements, including, but not limited to, statements regarding the timing and effectiveness of the uplisting to the NYSE American. Such statements are subject to a number of assumptions, risks and uncertainties. Actual results may vary materially from the forward-looking statements. For a list of certain material risks relating to Empire, see Empire’s Form 10-K for the fiscal year ended December 31, 2020.
Empire:
Tommy Pritchard, CEO
Mike Morrisett, President
539-444-8002
Investor Relations:
PCG Advisory
Stephanie Prince
646-863-6341
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PARIS & ARNHEM, Netherlands & NEW YORK--(BUSINESS WIRE)--Allego Holding B.V. (“Allego” or “the “Company”), a leading pan-European electric vehicle charging network that announced a business combination with Spartan Acquisition Corp. III (“Spartan”) (NYSE: SPAQ), today announced that it has entered into a strategic agreement with Tamoil Italia, a leading fuel energy provider within the European downstream oil and gas sector, to develop 11 ultra-fast and fast charging locations throughout Italy at pre-existing Tamoil sites.
Allego has agreed to develop ten ultra-fast charging sites and one fast-charging site across northern Italy. Notably, three of these locations are set to be in Milan. The lease contract is for a 25-year term.
“We are very pleased to enter the Italian market to support the development of high-powered charging sites in Italy, a country with a long history of automotive innovation,” commented Mathieu Bonnet, CEO of Allego. “We look forward to our collaboration with Tamoil and to helping bring sustainable transportation to this region as Europe’s demand for charging infrastructure continues to grow with increasing numbers of electric vehicles on the road. Allego now operates in over 16 countries, and we are eager to continue extending our geographic footprint across Europe to deliver electric charging infrastructure as a truly pan-European company.”
“The collaboration with Allego is consistent with our commitment to constantly improve services for customers, offering charging solutions for e-mobility,” said Silvia Gadda, Sales & Marketing Manager of Tamoil Italia. “We are excited to partner with one of the leading fast-charging networks in Europe to ensure that our EV customers receive topline service whenever they seek to charge their vehicles.”
About Allego
Allego delivers charging solutions for electric cars, motors, buses, and trucks, for consumers, businesses, and cities. Allego’s end-to-end charging solutions make it easier for businesses and cities to deliver the infrastructure drivers need, while the scalability of our solutions makes us the partner of the future. Founded in 2013, Allego is a leader in charging solutions, with an international charging network comprising more than 28,000 charge points operational throughout Europe – and proliferating. In 2018, the Company was acquired by Meridiam, a global long-term sustainable infrastructure developer and investor, which provided necessary capital to enable the expansion of Allego’s existing global network, services and technologies. Allego's charging solutions are connected to our proprietary platform, EV-Cloud, which gives our customers and us a complete portfolio of features and services to meet and exceed market demands. We are committed to providing independent, reliable, and safe charging solutions, agnostic of vehicle model or network affiliation. At Allego, we strive every day to make EV charging easier, more convenient, and more enjoyable for all.
About Tamoil Italia
Tamoil Italia S.p.A., part of Oilinvest (Netherlands) B.V., an international operator in the downstream sector, is a lean and dynamic company that operates with highly efficient processes in the Italian oil downstream with the aim of developing its business in a profitable and sustainable way. Maintaining high standards of quality and convenience Tamoil focuses on the supply of finished products, on logistics and distribution through a network of about 1,500 service stations throughout Italy and on wholesale sales of both automotive fuels, destined to consumer market and petroleum marketers and jet fuel to supply the main Italian airports.
Forward-Looking Statements.
All statements other than statements of historical facts contained in this press release ("Press Release") are forward-looking statements. Forward-looking statements may generally be identified by the use of words such as "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," "should," "would," "plan,," "project," "forecast," "predict," "potential," "seem," "seek," "future," "outlook," "target" or other similar expressions (or the negative versions of such words or phrases) that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the benefits of the strategic agreement and expansion plans. These statements are based on various assumptions, whether or not identified in this Press Release, and on the current expectations of Allego’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on as a guarantee, an assurance, a prediction, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and may differ from assumptions, and such differences may be material. Many actual events and circumstances are beyond the control of Allego. These forward-looking statements are subject to several risks and uncertainties, including (i) changes in domestic and foreign business, market, financial, political, and legal conditions; (ii) risks related to the rollout of Allego’s business strategy and the timing of expected business milestones; (iii) risks related to the consummation of the proposed business combination with Spartan being delayed or not occurring at all; (iv) risks related to political and macroeconomic uncertainty; (v) the risk that the operating and strategic initiatives described in the Press Release are delayed or do not occur at all; (vi) the risk that the benefits to Allego of the operating and strategic initiatives described in the Press Release are delayed, are less than anticipated or do not occur at all; and (vii) the impact of the global COVID-19 pandemic, including its impact on any of the foregoing risks. If any of these risks materialize or Allego’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Allego does not presently know or that Allego currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Allego’s expectations, plans, or forecasts of future events and views as of the date of this Press Release. Allego anticipates that subsequent events and developments will cause Allego’s assessments to change. However, while Allego may elect to update these forward-looking statements at some point in the future, Allego expressly disclaims any obligation to do so unless required by applicable law. These forward-looking statements should not be relied upon as representing Allego’s assessments as of any date after this Press Release. Accordingly, undue reliance should not be placed upon the forward-looking statements.
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FREEHOLD, N.J.--(BUSINESS WIRE)--Cenntro Electric Group Limited (NASDAQ: CENN) (“Cenntro” or “the Company”), a leading designer and manufacturer of electric light and medium-duty commercial vehicles, today announced that the management team will participate in the following investor conferences during the month of March 2022:
34th Annual ROTH Conference
Date: March 14-15, 2022
Format: Investor 1x1’s
Attending: Chief Executive Officer Peter Wang, Chief Financial Officer Edmond Cheng
Conference website here
D.A. Davidson Inaugural EV & Energy Transition Virtual Conference
Date: March 22, 2022
Format: Investor 1x1’s
Attending: Chief Executive Officer Peter Wang, Chief Financial Officer Edmond Cheng
Conference website here
Management will be available for one-on-one meetings with institutional investors at the conferences. Portfolio managers and analysts who wish to request a meeting should contact their institutional sales representative at each sponsoring bank or you may also email your request to This email address is being protected from spambots. You need JavaScript enabled to view it..
About Cenntro Electric Group
Cenntro Electric Group (or “Cenntro”) (NASDAQ: CENN) is a leading designer and manufacturer of electric light and medium-duty commercial vehicles. Cenntro’s purpose-built ECVs are designed to serve a variety of organizations in support of city services, last-mile delivery and other commercial applications. Cenntro plans to lead the transformation in the automotive industry through scalable, decentralized production, and smart driving solutions empowered by the Cenntro iChassis. As of November 30, 2021, Cenntro’s first ECV model Metro® has been sold or put into service more than 3,600 units in over 16 countries across North America, Europe and Asia. For more information, please visit Cenntro’s website at: www.cenntroauto.com.
Forward-Looking Statements
This communication contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts. Such statements may be, but need not be, identified by words such as "may,'' "believe,'' "anticipate,'' "could,'' "should,'' "intend,'' "plan,'' "will,'' "aim(s),'' "can,'' "would,'' "expect(s),'' "estimate(s),'' "project(s),'' "forecast(s)'', "positioned,'' "approximately,'' "potential,'' "goal,'' "strategy,'' "outlook'' and similar expressions. Examples of forward-looking statements include, among other things, statements regarding decentralized production and fully digitalized autonomous driving solutions. All such forward-looking statements are based on management's current beliefs, expectations and assumptions, and are subject to risks, uncertainties and other factors that could cause actual results to differ materially from the results expressed or implied in this communication. For additional risks and uncertainties that could impact Cenntro’s forward-looking statements, please see disclosures contained in Cenntro's public filings with the SEC, including the "Risk Factors" in Cenntro's Report of Foreign Private Issuer on Form 6-K filed with the Securities and Exchange Commission on January 5, 2022 and which may be viewed at www.sec.gov.
Investor Relations Contact:
Chris Tyson
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SAN DIEGO, Calif.--(BUSINESS WIRE)--$DFCO #BrianBonar--In response to global sustainability and clean energy initiatives, Dalrada Corporation (OTCQB: DFCO, “Dalrada”) announces Tom Giles as President of its newest division, Dalrada Energy Services.
Dalrada's Chairman and CEO, Brian Bonar, states, “Tom Giles is extremely proficient in establishing and launching new global marketing and sales initiatives and is able to effectively analyze and translate immediate needs into true product and service innovations. Dalrada is pleased to name Tom Giles as President of Dalrada Energy Services.”
Mr. Giles is an accomplished executive with proven leadership in designing and deploying business strategies that drive bottom-line profits. As President of Dalrada Energy Services, Mr. Giles addresses the unique challenges of organizations that are reducing carbon footprint and fostering long-term environmental stewardship practices.
Mr. Giles has held General Manager, industry lead, and advisor roles in well-established corporations to early-stage ventures and incubators during his career. His leadership aided more than 20 companies to build business plans, identify customer targets, raise capital, create corporate sponsorships, and hire executive management and sales teams.
Mr. Giles' accomplishments include being a founding member of the IBM Watson launch team and raising more than $200 million in capital for startups and venture funds. In addition, Mr. Giles builds strategic partnerships and has done so for major corporations, including IBM, GE, Accenture, T-Mobile, and DST.
Dalrada Energy Services addresses unmet energy savings for its clients, providing comprehensive, end-to-end commercial energy service solutions that mitigate the environmental impact caused by carbon and other harmful emissions.
To reduce time and expense to market for its clients, Dalrada Energy Services leads with Dalrada's clean energy subsidiary, Likido®, and disruptive advanced technology solutions.
Mr. Giles states, “Sustainability makes business sense. Helping our clients improve their energy management by lowering carbon emissions with cost savings is really something to be excited about. I am honored to represent Dalrada Energy Services and to assist in navigating our valued clients on a path of energy sustainability with clean energy solutions.”
Dalrada continuously creates innovative, impactful solutions to address the complex challenges of today and the future. More information about Dalrada Energy Services will be available soon at www.DalradaEnergy.com. To learn more about Dalrada Corporation, please visit www.Dalrada.com.
About Dalrada (DFCO)
With perseverance, valor, dedication, and vision, Dalrada Corporation is dedicated to tackling worldwide challenges of today and tomorrow.
Dalrada is a global company that operates under the tenet of creating impactful innovations that matter for the world. The Company works continually to produce disruptive solutions that bridge the gap of accessibility and accelerate positive change for current and future generations.
Established in 1982, the Company has since grown its footprint to include the business divisions: Dalrada Health, Dalrada Precision, and Dalrada Technologies. Each of Dalrada's subsidiaries actively produces affordable and accessible world-class solutions to global problems. For more information, please visit www.dalrada.com.
Disclaimer
Statements in this press release that are not historical facts, the statements are forward-looking, including statements regarding future revenues and sales projections, plans for future financing, the ability to meet operational milestones, marketing arrangements and plans, and shipments to and regulatory approvals in international markets. Such statements reflect management's current views, are based on certain assumptions, and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors and will be dependent upon a variety of factors including, but not limited to, our ability to obtain additional financing that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company's expectations regarding these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the Company's success are more fully disclosed in the Company's most recent public filings with the US Securities and Exchange Commission ("SEC"), including its annual report on Form 10-K.
Denise Mahaffey
858.283.1253
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Combination of Itron’s Electric Cellular-based Meters with Utilismart’s Analytics Solution Offers Complete Data Management Solution
LIBERTY LAKE, Wash.--(BUSINESS WIRE)--#AMI--Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, announced a collaboration with Utilismart Corporation, a provider of meter data management-driven analytics, to deliver end-to-end solutions to Canadian and U.S. electric utilities. Cooperative and municipal electric utilities can benefit from Utilismart’s turn-key solution that consists of project management, cellular data and meter data reading services and secure customer web portals.
The collaboration between Itron and Utilismart bridges the gap between Automated Meter Reading (AMR) and Advanced Metering Infrastructure (AMI). Combining Itron’s electric cellular meters with Utilismart’s turn-key solution, utilities or consumers can benefit from the collaboration with the following use-cases:
“This collaboration fills the gap that small-sized utilities are facing between AMR and AMI solutions and offers an alternative, fully hosted and operated meter reading and data presentment model that also addresses growing submetering needs. Now, utilities will have a complete data management solution that can support automation of business processes and present the information for enhanced business decision-making,” said Miro Karlicic, vice president, business development and innovation at Utilismart Corporation. “Our work with Itron broadens our offerings, deepens our expertise and ensures that utilities have consumption data from each point of their distribution network.”
“Itron is committed to collaborating with industry leaders like Utilismart to better equip small-sized utilities with detailed analytics on their energy consumption that will guide future decisions as well as assist in streamlining operations,” said Tammy Zucco, area vice president of the America’s indirect sales at Itron. “The combination of Itron’s electric cellular meters with Utilismart’s platform presents utilities with options to use this technology, especially for those who have fewer AMI metering endpoints. We are looking forward to offering this solution to our North American customers.”
About Utilismart
Utilismart Corporation's Digital Utility Platform provides utility analytics tools that enable distribution utilities to embark on their digital transformation journey and help transform them into Distribution Systems Operators and energy services companies. Utilismart's innovative solutions enhance the distribution grid visibility, management and planning, creating operational and cost efficiencies. Our business process automation and revolutionary consumer engagement capabilities set the standard for customer excellence and provide a platform for accelerated renewable and green technologies adoption.
About Itron
Itron enables utilities and cities to safely, securely and reliably deliver critical infrastructure solutions to communities in more than 100 countries. Our portfolio of smart networks, software, services, meters and sensors helps our customers better manage electricity, gas and water resources for the people they serve. By working with our customers to ensure their success, we help improve the quality of life, ensure the safety and promote the well-being of millions of people around the globe. Itron is dedicated to creating a more resourceful world. Join us: www.itron.com.
Itron® is a registered trademark of Itron, Inc. All third-party trademarks are property of their respective owners and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated.
Itron, Inc.
Alison Mallahan
Senior Manager, Corporate Communications
509-891-3802
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RNG project expected to significantly reduce CO2 emissions at Noble Road Landfill
WHITE PLAINS, N.Y.--(BUSINESS WIRE)--OPAL Fuels LLC, a vertically integrated producer and distributor of renewable natural gas (RNG), today announced it has commenced commercial operation of a new facility to extract and capture waste methane from Rumpke Waste & Recycling’s Noble Road Landfill, transform it into RNG and transport it through Chesapeake Utilities Corporation’s (NYSE: CPK) wholly owned subsidiary Aspire Energy of Ohio. An affiliate of NextEra Energy Resources, LLC is a joint owner of the project.
The new, state-of-the-art facility, located in Shiloh, Ohio, utilizes advanced, patented technology to treat landfill gas by removing carbon dioxide and other components to purify the biogas and produce pipeline quality RNG. Aspire Energy constructed a 33.1-mile pipeline, which will transport the RNG to the company’s pipeline system. The fuel will be dispensed at OPAL Fuels fueling stations and Rumpke trucks will also be fueled using this RNG, displacing diesel fuel.
The Noble Road project is expected to produce approximately 6.9 million gasoline gallon equivalents (GGE) per year of RNG. The project is also expected to reduce the landfill’s methane emissions by approximately 20,000 tons per year. Methane is 28 to 36 times more effective than CO2 at trapping heat in the atmosphere over a 100-year period. Additionally, the project will help reduce CO2 emissions by more than 48,000 tons per year. The expected annual emissions reduction from this project is equivalent to CO2 emissions from over 54 million gallons of gasoline, approximately 1.1 million barrels of oil consumed, or carbon sequestered by more than 570,000 acres of U.S. forests in one year.
“We have worked closely with Rumpke and Aspire Energy to make the Noble Road biogas upgrading facility a reality,” said Adam Comora, Co-CEO of OPAL Fuels. “As an end-to-end producer and supplier of RNG, we are proud to work with landfill operators such as Rumpke to unlock new revenue streams, reduce methane emissions and help the heavy-duty transportation industry get to net-zero – truly a win-win-win scenario.”
“Working with OPAL Fuels to construct a state-of-the-art facility aligns with our vision to set industry standards for landfill management and operations,” said Andrew Rumpke, East Area President for Rumpke Waste & Recycling. “Our mission is to deliver complete service solutions that provide long-term, positive and sustainable environmental and economic impacts, and this project does just that.”
“We are pleased to collaborate with OPAL Fuels in transporting low-carbon renewable natural gas,” said Jeff Householder, president and chief executive officer, Chesapeake Utilities Corp. “This project supports our strategic decision to actively support the sustainability efforts of the communities we serve.”
RNG is the natural byproduct of landfill and animal waste, captured and processed before it leaks into the atmosphere or is required to be burned off, and represents a right now solution to the right now problem of climate change driven by methane emissions. The project demonstrates OPAL Fuels’ continued execution of its growth strategy, led by a proven team with a track record of delivering value from waste-to-energy. OPAL Fuels’ expertise at capturing methane at landfills and dairy farms helps its partners and customers accelerate their ESG goals while decarbonizing the heavy-duty trucking industry. Moreover, OPAL Fuels helps create new revenue streams for upstream partners and drive cost savings for downstream customers.
About OPAL Fuels LLC
OPAL Fuels LLC, a Fortistar portfolio company, is a leading vertically integrated renewable fuels platform involved in the production and distribution of renewable natural gas (RNG) for the heavy-duty truck market. RNG is a proven low-carbon fuel that is rapidly decarbonizing the transportation industry now while also significantly reducing costs for fleet owners. OPAL Fuels captures harmful methane emissions at the source and recycles the trapped energy into a commercially viable, low-cost alternative to diesel fuel. OPAL Fuels also develops and constructs RNG fueling stations. As a producer and distributor of carbon-reducing fuel for heavy-duty truck fleets for more than a decade, the company delivers best-in-class, complete renewable solutions to customers and production partners. To learn more about OPAL Fuels and how it is leading the effort to capture North America’s harmful methane emissions and decarbonize the transportation industry, please visit www.opalfuels.com and follow the company on LinkedIn and Twitter at @OPALFuels.
OPAL Fuels also previously announced an agreement for a business combination with ArcLight Clean Transition Corp. II (Nasdaq: ACTD), which is expected to result in OPAL Fuels becoming a public company listed on the Nasdaq Stock Exchange in second quarter of 2022, subject to customary closing conditions.
About Rumpke Waste & Recycling
Rumpke Waste & Recycling is one of the largest, family-owned and operated waste and recycling firms in the country, operating 14 landfills and 12 recycling centers, while employing nearly 3,600 people and serving 1.8 million customers throughout Ohio, Kentucky, Indiana and West Virginia. Rumpke was named one of the U.S. Best Managed Companies for the second year in a row. The award, sponsored by Deloitte Private and The Wall Street Journal, recognizes the best managed private companies in the country. For more information, visit www.rumpke.com.
About Chesapeake Utilities Corporation
Chesapeake Utilities Corporation is a diversified energy delivery company, listed on the New York Stock Exchange, which is engaged in natural gas transmission and distribution; electricity generation and distribution; propane gas distribution; mobile compressed natural gas utility services and solutions; and other businesses. Information about Chesapeake Utilities Corporation’s businesses is available at www.chpk.com.
Please note that Chesapeake Utilities Corporation is not affiliated with Chesapeake Energy, an oil and natural gas exploration company headquartered in Oklahoma City, Oklahoma.
Additional Information
ArcLight has filed with the SEC a Registration Statement on Form S-4 (as amended, the “Registration Statement”), which includes a preliminary proxy statement/prospectus of ArcLight, in connection with the proposed merger transaction (the “Business Combination”) involving ArcLight and OPAL Fuels. After the Registration Statement is declared effective, ArcLight will mail a definitive proxy statement/prospectus and other relevant documents to stockholders of ArcLight as of a record date to be established for voting on the Business Combination. ArcLight’s stockholders and other interested persons are advised to read, the preliminary proxy statement/prospectus, and amendments thereto, and, when available, the definitive proxy statement/prospectus in connection with ArcLight’s solicitation of proxies for its stockholders’ meeting to be held to approve the Business Combination because the proxy statement/prospectus will contain important information about ArcLight, OPAL Fuels and the Business Combination. Stockholders will also be able to obtain copies of the Registration Statement, without charge, once available, at the SEC’s website at www.sec.gov. In addition, the documents filed by ArcLight may be obtained free of charge from ArcLight at https://www.arclightclean.com or by directing a request to: ArcLight Clean Transition Corp., 200 Clarendon Street, 55th Floor, Boston, MA 02116.
Participants in the Solicitation
ArcLight, OPAL Fuels and their respective directors, executive officers, other members of management and employees, under SEC rules, may be deemed to be participants in the solicitation of proxies of ArcLight’s shareholders in connection with the Business Combination. Investors and security holders may obtain more detailed information regarding the names and interests in the Business Combination of ArcLight’s directors and officers, and OPAL Fuels’ directors and executive officers, in ArcLight’s filings with the SEC, including the Registration Statement.
Forward-Looking Statements
Certain statements in this communication may be considered forward-looking statements. Forward-looking statements are statements that are not historical facts and generally relate to future events or ArcLight’s or the OPAL Fuels’ future financial or other performance metrics. In some cases, you can identify forward-looking statements by terminology such as “believe,” “may,” “will,” “potentially,” “estimate,” “continue,” “anticipate,” “intend,” “could,” “would,” “project,” “target,” “plan,” “expect,” or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements, including the identification of a target business and a potential business combination or other such transaction are subject to risks and uncertainties, which could cause actual results to differ materially from those expressed or implied by such forward looking statements. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by ArcLight and its management, and OPAL Fuels and its management, as the case may be, are inherently uncertain and subject to material change. Factors that may cause actual results to differ materially from current expectations include, but are not limited to, various factors beyond management’s control, including general economic conditions and other risks, uncertainties and factors set forth in the section entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in the Registration Statement and other filings with the Securities and Exchange Commission (SEC), as well as (1) the inability to complete the proposed transaction; (2) factors associated with companies, such as OPAL Fuels, that are engaged in the production and integration of renewable natural gas (RNG), including anticipated trends, growth rates, and challenges in those businesses and in the markets in which they operate; (3) macroeconomic conditions related to the global COVID-19 pandemic; (4) the effects of increased competition; (5) contractual arrangements with, and the cooperation of, landfill and livestock waste site owners and operators, on which OPAL Fuels operates its landfill gas and livestock waste projects that generate electricity and RNG prices for environmental attributes, low carbon fuel standard credits and other incentives; (6) the ability to identify, acquire, develop and operate renewable projects and RNG fueling stations; (7) the failure to realize the anticipated benefits of the proposed transaction, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain key employees; (8) delays in obtaining, adverse conditions contained in, or the inability to obtain necessary regulatory approvals or complete regulatory reviews required to complete the proposed transaction; (9) the outcome of any legal proceedings that may be instituted in connection with the proposed transaction; (10) the amount of redemption requests made by ArcLight’s public shareholders; and (11) the ability of the combined company that results from the proposed transaction to issue equity or equity-linked securities or obtain debt financing in connection with the transaction or in the future. Nothing in this communication should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements in this communication, which speak only as of the date they are made and are qualified in their entirety by reference to the cautionary statements herein. Both ArcLight and OPAL Fuels expressly disclaim any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in ArcLight’s or OPAL Fuels’ expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.
Disclaimer
This communication is for informational purposes only and is neither an offer to purchase, nor a solicitation of an offer to sell, subscribe for or buy, any securities or the solicitation of any vote in any jurisdiction pursuant to the Business Combination or otherwise, nor shall there be any sale, issuance or transfer or securities in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act.
For OPAL Fuels LLC
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Senior Director Public Relations and Marketing
914-421-5336
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Investors
ICR, Inc.
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Corporate Communications Manager
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Brianna Patterson
Manager, Public Relations and Strategic Communications
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PASADENA, Calif.--(BUSINESS WIRE)--#leadingwithscience--Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services, announced today that it has further expanded its sustainable water management practice with the addition of Piteau Associates, based in Vancouver, British Columbia.
Established in 1976 by Dr. Douglas R. Piteau, the firm is a global leader in sustainable natural resource analytics including hydrologic numerical modeling and dewatering system design. Their staff pioneered the development of discrete element numerical models to simulate rock mass behavior for slope design and hydraulic integrity. With the majority of its staff having advanced degrees, the Piteau team solves the natural resource industry’s most complex geotechnical and water-related challenges and has been an important contributor to key industry textbooks, scientific publications, and best practice guidelines involving applied rock mechanics, hydrogeology, hydrology, and geochemistry. Recognized global experts on the Piteau Associates team serve on numerous technical review boards and audit and assurance teams on projects around the world.
“Tetra Tech has a long history of Leading with Science® through the application of advanced analytics to water management,” said Dan Batrack, Tetra Tech Chairman and CEO. “The addition of Piteau Associates further expands our expertise in the specialized analysis of sustainable water management and geotechnics for our commercial resource management clients.”
Mark Hawley, Piteau Associates Chairman and CEO, said, “We are excited to join the Tetra Tech family, and to add our expertise to Tetra Tech’s comprehensive scope of engineering and consulting services. We share Tetra Tech’s strong commitment to providing high quality, sustainable and practical solutions based on sound engineering, and focus on projects and developing long-term client relationships. By joining Tetra Tech, we can collaborate on highly technical multi-disciplinary projects, further our global growth strategy, and provide new opportunities for our team and a broader scope of services to our clients.”
The terms of the acquisition were not disclosed. Piteau Associates is joining Tetra Tech’s Commercial/International Services Group.
About Tetra Tech
Tetra Tech is a leading provider of high-end consulting and engineering services for projects worldwide. With 21,000 associates working together, Tetra Tech provides clear solutions to complex problems in water, environment, sustainable infrastructure, renewable energy, and international development. We are Leading with Science® to provide sustainable and resilient solutions for our clients. For more information about Tetra Tech, please visit tetratech.com or follow us on LinkedIn, Twitter, and Facebook.
About Piteau Associates
With offices in Canada, the United States, Chile, Peru, the United Kingdom, and South Africa, Piteau Associates provides practical, innovative, cost-effective and environmentally responsible solutions that assist clients in meeting their engineering challenges in mineral and water resource development projects worldwide.
Any statements made in this release that are not based on historical fact are forward-looking statements. Any forward-looking statements made in this release represent management’s best judgment as to what may occur in the future. However, Tetra Tech’s actual outcome and results are not guaranteed and are subject to certain risks, uncertainties and assumptions ("Future Factors"), and may differ materially from what is expressed. For a description of Future Factors that could cause actual results to differ materially from such forward-looking statements, see the discussion under the section "Risk Factors" included in the Company’s Form 10-K and Form 10-Q filings with the Securities and Exchange Commission.
Jim Wu, Investor Relations
Charlie MacPherson, Media & Public Relations
(626) 470-2844
Lower Operating Costs Combined with Rental Fleet Deployments to Improve Financial Performance
VAN NUYS, Calif.--(BUSINESS WIRE)--$CGRN #Capstone--Capstone Green Energy Corporation (NASDAQ: CGRN), a global leader in carbon reduction and on-site resilient green Energy-as-a-Service (EaaS) solutions, has launched an effort to reduce operating costs and modify the operating model to better match the Company’s expanding EaaS business. The expense reduction plan implemented this week is intended to support Capstone's stated goal of reaching consistent quarterly positive adjusted EBITDA.
The Company has undertaken a holistic review of the organization, taking the growing EaaS business into account. EaaS adds diversity to the Company’s revenues and allows for a more streamlined staffing model that constitutes most of the operating cost reductions. Other measures taken to reduce expenses, until this spring when the Company expects to realize increased revenue from rental units yet to be commissioned, include temporary salary reductions for the Capstone Green Energy leadership team and company management, furloughing some employees, and moving others to part-time status.
“We are committed to making the changes needed to increase our profitability through better alignment of our current cost structure to support our higher margin Energy-as-a-Service revenues,” said Darren Jamison, President and Chief Executive Officer of Capstone Green Energy. “While Capstone has achieved adjusted positive EBITDA in the past, the EaaS business model generates high margin recurring revenue that should drive more consistent quarter to quarter positive adjusted EBITDA.”
The EaaS rental unit timeline includes a delay between the time of manufacture and the time revenue from that unit is realized. The microturbine rental unit is built, allocated by a signed rental contract, and then commissioned at the customer site, at which point it begins to generate revenue.
“These actions are designed to enhance our ability to execute on our business plans and serve our customers who are looking to outsource their energy management, while also lowering energy costs, increasing resiliency and reducing emissions,” Mr. Jamison continued. “We will continue to look for ways to enhance Capstone’s financial performance and overall cost structure to optimize adjusted EBITDA.”
About Capstone Green Energy
Capstone Green Energy (www.CapstoneGreenEnergy.com) (NASDAQ: CGRN) is a leading provider of customized microgrid solutions and on-site energy technology systems focused on helping customers around the globe meet their environmental, energy savings, and resiliency goals. Capstone Green Energy focuses on four key business lines. Through its Energy as a Service (EaaS) business, it offers rental solutions utilizing its microturbine energy systems and battery storage systems, comprehensive Factory Protection Plan (FPP) service contracts that guarantee life-cycle costs, as well as aftermarket parts. Energy Conversion Products are driven by the Company's industry-leading, highly efficient, low-emission, resilient microturbine energy systems offering scalable solutions in addition to a broad range of customer-tailored solutions, including hybrid energy systems and larger frame industrial turbines. The Energy Storage Products business line designs and installs microgrid storage systems creating customized solutions using a combination of battery technologies and monitoring software. Through Hydrogen Energy Solutions, Capstone Green Energy offers customers a variety of hydrogen products, including the Company's microturbine energy systems.
For customers with limited capital or short-term needs, Capstone offers rental systems; for more information, contact: This email address is being protected from spambots. You need JavaScript enabled to view it.. To date, Capstone has shipped over 10,000 units to 83 countries and estimates that, in FY21, it saved customers over $217 million in annual energy costs and approximately 397,000 tons of carbon. Total savings over the last three years are estimated at 1,115,100 tons of carbon and $698 million in annual energy savings.
For more information about the Company, please visit: www.CapstoneGreenEnergy.com. Follow Capstone Green Energy on Twitter, LinkedIn, Instagram, Facebook, and YouTube.
Cautionary Note Regarding Forward-Looking Statements
This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements regarding the Company’s positive adjusted EBITDA goal and expectations for the Company’s expense reduction plan. 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 timing of rental units generating revenue; further cost reduction efforts; 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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NEW YORK & LONDON--(BUSINESS WIRE)--Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced rapid growth in its U.S. Renewable Identification Numbers (RINs) and European Biofuels derivatives, reflecting the increasing use of biofuels by the road transportation sector to reduce emissions.
RINs are credits which track the compliance of biofuels in the U.S. Environmental Protection Agency’s (EPA) Renewable Fuel Standard (RFS) program to meet biofuel blending targets in gasoline and diesel. RINs are generated by renewable fuel producers for compliance purposes and traded in secondary markets. RINs are critical to the margin calculations of refiners, as well as importers and exporters of gasoline and diesel, and ICE offers cash settled RINs futures, including the D6 and D4 RINs (OPIS) (product codes: RIN and RIK), to hedge risk in ethanol and biodiesel RINs.
A record volume of RINs traded on ICE in 2021, equivalent to almost 600 million RINs. In February 2022 approximately 194 million RINs traded, a record high for a single month, with open interest hitting a record equivalent to over 112 million RINs. A single day volume record was set on February 23 with the equivalent of 35 million RINs traded. The number of participants trading RINs has doubled versus 2020 as participants increasingly seek to manage their exposure to volatility in the price of RINs.
“The EPA’s Renewable Fuel Standard aims to reduce emissions from road transportation by mandating renewable fuel levels,” said Jeff Barbuto, Global Head of Oil Markets at ICE. “As RIN prices have increased, compliance with the RFS has become more expensive. Volume and open interest are building as the market recognizes it can manage RIN price exposure through RIN futures.”
ICE’s European Biodiesel and Ethanol derivatives traded 33,015 contracts in February 2022, with open interest reaching 41,101 contracts. Trading activity is centered around ICE’s (Argus) FAME (Fatty Acid Methyl Ester), RME (Rapeseed Oil Methyl Ester) and UCOME (Used Cooking Oil Methyl Ester) biodiesel futures, and ICE’s (Platts) Ethanol future.
In December 2020, ICE launched the Argus UCOME FOB ARA Range (RED Compliant) vs Low Sulphur Gasoil 1st Line future (product code: UCR). This is the first waste-based biofuel derivative launched by ICE and is used to hedge Argus’ spot assessment of UCOME. In February 2022, the UCR contract traded the equivalent of approximately 261,000 metric tons of UCOME, while open interest grew to 3,650 contracts.
The European biodiesel sector is traded predominantly at a differential to the global refined benchmark ICE Low Sulphur Gasoil, which is often relied on as a proxy hedge due to its deeper liquidity further out the curve. ICE Low Sulphur Gasoil holds open interest out to January 2026.
ICE’s renewable fuels markets form part of ICE’s extensive environmental complex. ICE offers customers access to the largest and most liquid environmental markets in the world to manage and price emissions, as well as meet compliance obligations. In 2021, ICE traded a record 18 billion tons of carbon allowances, equivalent to an estimated $1 trillion in notional value and equal to over half the world’s estimated total annual energy-related emissions footprint.
About Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks to connect people to opportunity. We provide financial technology and data services across major asset classes that offer our customers access to mission-critical workflow tools that increase transparency and operational efficiencies. We operate exchanges, including the New York Stock Exchange, and clearing houses that help people invest, raise capital and manage risk across multiple asset classes. Our comprehensive fixed income data services and execution capabilities provide information, analytics and platforms that help our customers capitalize on opportunities and operate more efficiently. At ICE Mortgage Technology, we are transforming and digitizing the U.S. residential mortgage process, from consumer engagement through loan registration. Together, we transform, streamline and automate industries to connect our customers to opportunity.
Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2021, as filed with the SEC on February 3, 2022.
Source: Intercontinental Exchange
ICE-CORP
ICE Media Contact
Rebecca Mitchell
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+44 7951 057351
ICE Investor Contact
Mary Caroline O’Neal
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(770) 738-2151
The 13th Edition of the French-American Entrepreneurship Award (FAEA) Will Recognize High Potential Startups Led by French Entrepreneurs in the United States
NEW YORK--(BUSINESS WIRE)--The FAEA (an initiative of Club 600 in partnership with Les Conseillers du Commerce Extérieur de la France) is committed to fostering the development and awareness of high potential startups led by French entrepreneurs in the United States.
Previous winners include: Infinite Cooling, Connecting Food, Dr. Elsa Jungman, Algoexpert, Extend, Adopt a contractor, Invivox, Biomodex, Afineur, Streamroot.
Whether they are France-based startups developing their business presence in the U.S. market or U.S. startups led by French entrepreneurs, the FAEA will empower the winning startups with:
- a unique exposure providing awareness and networking opportunities
- cash prizes (1st Prize Winner: $10,000 - 2nd Prize Winner: $5,000)
- in-kind benefits
The jury will assess eligible startup participants based on the viability, profitability and scalability of their business model. All business sectors are eligible. The jury will also take in consideration if/how startup contestants deliver a human-centered and sustainable business approach.
HOW TO APPLY
Startups need to assess their eligibility, comply with the FAEA rules and submit their application by April 28th, 2022 at: http://www.faea-us.com/application
The winning startups will be announced during the Award Ceremony which will be held in New York City on June 7th, 2022.
SPONSORS AND PARTNERS
The FAEA is made possible thanks to the support of the following sponsors and partners.
- Platinum sponsor: Bank of the West Wealth Management, a subsidiary of BNP Paribas
- Gold sponsor: JCDecaux North America
- Silver sponsors: Jade Fiducial, French Founders
- Bronze sponsors: Saint James, LR Paris, Loop Seven, Baron Francois
Partners:
- Les Conseillers du Commerce Extérieur de la France - North-East USA Committee
- French Morning
About FAEA
Sandrine Carpentier (Co-Chair, FAEA)
Eric Draghi (Co-Chair, FAEA)
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WALTHAM, Mass.--(BUSINESS WIRE)--#electricvehicle--Opinion Dynamics announced today they will provide support to the New York State Energy Research and Development Authority (NYSERDA), which is administering the $85 million New York Clean Transportation Prizes Program (Prizes). The company will lead the measurement, evaluation, and learning components of the Prizes program to monitor and measure the impacts of the projects against community needs as well as statewide climate and clean energy goals under the Climate Leadership and Community Protection Act (Climate Act).
The New York Clean Transportation Prizes program launched in 2021 to advance solutions to reduce air pollution, enhance electrification, and grow mobility options in underserved communities across the State through three competitions: Clean Neighborhoods Challenge and Electric Mobility Challenge, and the Electric Truck & Bus Challenge.
The Opinion Dynamics team will be working directly with the 17 competition projects awarded under Phase One of the competition that were announced in January 2022. The selected project teams will finalize their proposals, and enter Phase Two with grand prize winners, expected to be announced in late summer 2022.
Opinion Dynamics will ultimately help each grand prize winner develop a strategy for measuring their project’s impact while leading the selection of key metrics for the overall Prize program to assess and measure the total competition impact, including greenhouse gas emission reductions as well as community and equity impacts.
Throughout the duration of the project, Opinion Dynamics will disseminate key learnings and best practices from the competition’s grand prize winners to the broader clean transportation community through playbooks, toolkits, and dashboards to support the replication and scaling of promising solutions.
“We are excited to work on the ground floor in helping to develop metrics for success for emissions, mobility, and equity impacts. This work will help move our industry forward as to how to measure success in these key areas,” said Brad Kates, CEO of Opinion Dynamics.
Opinion Dynamics has garnered a reputation for tackling robust, multi-faceted projects. This opportunity is a culmination of our exceptional level of project management, industry-leading experience evaluating transportation electrification across the country, and technical expertise. We have assembled an impressive team of diverse and highly qualified research and evaluation professionals for this innovative, fast-paced competition and are excited to bring this diverse skillset and team to this unprecedented effort. Learn more about the New York Clean Transportation Prizes, visit the competition website.
Opinion Dynamics is a market leader in providing our clients with accurate and actionable information regarding energy and how people consume it. With more than 70 employees focused solely on energy, our industry expertise includes energy efficiency, strategic electrification and decarbonization, transportation electrification, and innovative pricing as well as customer-focused strategies that unlock flexible load. Opinion Dynamics is headquartered in Massachusetts with offices in Northern and Southern California, and Portland, OR, as well as satellite offices throughout the country. For more information, please visit www.opiniondynamics.com.
Keri Bailey, Communications Manager
PH: 617-492-1400 x4645
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SANTA CRUZ, Calif.--(BUSINESS WIRE)--Joby Aviation (NYSE: JOBY), a California-based company developing all-electric aircraft for commercial passenger service, today announced that it will release its fourth quarter 2021 earnings results after the market close on Thursday, March 24, 2022. Management will discuss the results on a conference call at 5:00 pm ET on Thursday, March 24, 2022. The webcast will be publicly available in the Upcoming Events section of the company website (www.jobyaviation.com). To listen by phone, please dial 1-877-407-3982 or 1-201-493-6780. A replay of the call will be available until midnight, Thursday, April 7, 2022, by dialing 1-844-512-2921 or 1-412-317-6671 and entering passcode 13726125.
About Joby Aviation
Joby Aviation, Inc. (NYSE: JOBY) is a California-headquartered 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 document 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 Joby's intentions and plans. Forward-looking statements give Joby’s current expectations and projections relating to its financial condition, results of operations, plans, objectives, future performance and business. 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 from those that we expected, including: Joby’s limited operating history and history of losses; its ability to launch its aerial ridesharing service and the growth of the urban air mobility market generally; Joby’s plans to operate a commercial passenger service beginning in 2024; the competitive environment in which it operates; its future capital needs; its ability to adequately protect and enforce its intellectual property rights; its ability to effectively respond to evolving regulations and standards relating to its aircraft; its reliance on a third-party suppliers and service partners; uncertainties related to Joby’s 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 its Registration Statement on Form S-1 filed with the Securities and Exchange Commission (the “SEC”) on October 29, 2021, and in other reports it files with or furnishes to the SEC. 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.
Investors:
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+1-831-201-6006
Media:
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Sandersville, Georgia Bitcoin Mining Facility to be expanded by 150 Megawatts, expected to be capable of accommodating up to 7.5 Exahash (EH) of ASIC Bitcoin mining hardware
SYDNEY & NEW YORK--(BUSINESS WIRE)--Mawson Infrastructure Group Inc. (NASDAQ:MIGI) (“Mawson”), a digital infrastructure provider, is pleased to announce the expansion of its Sandersville, Georgia, USA Bitcoin Mining facility to 230 Megawatts (MW).
Following on from successful electrical load and associated infrastructure studies carried out by the Municipal Electrical Authority of Georgia (MEAG), Electrical Cities of Georgia (ECG), the Washington County Economic Development Authority, City of Sandersville and Mawson, the site has been approved for expansion.
Mawson has an existing 26-year lease at the Sandersville, Georgia site, with the option to buy the approximately 16-acre property.
Mawson intends to deploy its Modular Data Centre (MDC) technology at the expanded facility. The facility is expected to become fully operational with the additional 150 MW online in Q3, 2023. Based on utilization of the latest generation Bitcoin mining ASIC hardware, this expansion to the facility could accommodate up to 7.5 Exahash (EH) of operational capacity.
The Sandersville, Georgia, USA facility utilizes predominately nuclear and hydro energy sources, and Mawson intends to use both Carbon Credits and Renewable Energy Credits (REC’s), in addition to its ongoing sustainability program, at this site to ensure our Net Zero goal and strong ESG focus is maintained.
James Manning, CEO and Founder of Mawson, said, "We are delighted to be moving forward with what will be one of our largest Bitcoin Mining facilities in North America. Our relationship with MEAG, ECG, the Washington County Economic Development Authority and the City of Sandersville continues to strengthen, and we look forward to expanding this facility to 230 megawatts. In an environment where large scale, high-quality, low-cost Bitcoin Mining facilities are in short supply, we are genuinely excited for site development works at our Georgia Stage 3 expansion to begin later this year.”
Judy McCorkle, Administrator of the City of Sandersville, Georgia, said, “The City of Sandersville has enjoyed working with the Mawson team since early 2020, and we are looking forward to working closely with MEAG, ECG and the Washington County Economic Development Authority on the expansion of this site. Mawson’s commitment and support of the local community has been fantastic, and the council supports their expansion and applauds their community first approach. We look forward to the benefits Mawson’s expansion will bring the community across job growth and financial stability for the city.”
About Mawson Infrastructure
Mawson Infrastructure Group (NASDAQ: MIGI) is a digital infrastructure provider, with multiple operations throughout the USA and Australia. Mawson’s vertically integrated model is based on a long-term strategy to promote the global transition to the new digital economy. Mawson matches sustainable energy infrastructure with next-generation mobile data centre (MDC) solutions, enabling low-cost Bitcoin production and on-demand deployment of infrastructure assets. With a strong focus on shareholder returns and an aligned board and management, Mawson Infrastructure Group is emerging as a global leader in ESG focused Bitcoin mining and digital infrastructure.
For more information, visit: www.mawsoninc.com
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Mawson cautions that statements in this press release that are not a description of historical fact are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words referencing future events or circumstances such as “expect,” “intend,” “plan,” “anticipate,” “believe,” and “will,” among others. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon Mawson’s current expectations and involve assumptions that may never materialize or may prove to be incorrect. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties, which include, without limitation, the possibility that Mawson’s need and ability to raise additional capital, the development and acceptance of digital asset networks and digital assets and their protocols and software, the reduction in incentives to mine digital assets over time, the costs associated with digital asset mining, the volatility in the value and prices of cryptocurrencies and further or new regulation of digital assets. More detailed information about the risks and uncertainties affecting Mawson is contained under the heading “Risk Factors” included in Mawson’s Annual Report on Form 10-K filed with the SEC on March 1, 2021 and Mawson’s Quarterly Report on Form 10-Q filed with the SEC on November 15, 2021, and in other filings Mawson has made and may make with the SEC in the future. One should not place undue reliance on these forward-looking statements, which speak only as of the date on which they were made. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Mawson undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made, except as may be required by law.
Investor Contact:
Brett Maas
646-536-7331
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www.haydenir.com
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