Remote go-live represents Tideworks’ first fully hosted TOS deployment in the Tideworks Cloud

SEATTLE--(BUSINESS WIRE)--Tideworks Technology Inc. (Tideworks), a full-service provider of comprehensive terminal operating system (TOS) solutions, announced that Port Lafito, managed by the GB Group has implemented Mainsail 10, Tideworks’ marine terminal operating solution. The go-live of Mainsail 10 at Port Lafito is Tideworks’ first fully hosted TOS deployment operating on Amazon Web Services (AWS). Prior to this go-live, Tideworks hosted its TOS in local, private data centers.

Port Lafito is a modern, premier Panamax container port located in Haiti. The terminal went live with Mainsail 10 in spring 2021, replacing Tideworks Mainsail Vanguard that was previously deployed in 2016. Port Lafito also utilizes Tideworks Forecast® web portal, Spinnaker Planning Management System® and EDI Porter.

“The hosted deployment in AWS will allow us to continue supporting Port Lafito’s terminal operations by providing increased access to real-time data and scalable logistics,” said Ignacio Bilbao García, director of business services, Latin America and Caribbean with Tideworks. “We have cultivated a close relationship with the GB Group throughout the years and this deployment represents further collaboration with the port and our commitment to support the Caribbean supply chain.”

Mainsail 10 is a high-performing TOS that enables seamless integrations with third-party systems and access to inventory tools to increase the flow of cargo through terminals. The marine TOS provides interactive search tools and easy user customization for optimized viewing, sorting and sharing functionalities.

Tideworks’ fully hosted deployment of Mainsail 10 at Port Lafito gives terminal operators access to the benefits of a world-class modern TOS that is optimized by the cloud’s capabilities. This includes a streamlined set up, a cloud-hosted portal that does not require additional hardware, scalable reporting and inventory management. Through the solution, Tideworks also provides automatic software upgrades and remote support.

The TOS provider collaborated with key IT and operations managers from the GB Group and Port Lafito during and after the deployment to tailor the solution and optimize the advantages of hosting the application in the Tideworks Cloud.

“Migrating the TOS to the cloud was one of the key components to our overall hybrid cloud strategy,” said Steve Zirilli, chief information officer with GB Group. “We rely on Tideworks to provide a best-in-class TOS that can be scaled to support consistent growth at the terminal. Events in the supply chain have put additional pressure on our existing systems and process in place. Tideworks' deployment of Mainsail 10 has helped us scale and navigate new complexities. As a result, we’ve seen a surge in growth, and operations at Port Lafito are steady. We’ve been able to leverage on-demand information to make more informed decisions and efficiently manage increased throughput.”

Tideworks provided all associated implementation services including co-project management, software customization, configuration and installation, integration services, user training and go-live assistance that allowed Port Lafito to make sure a smooth operational transition to the latest Tideworks TOS. The company will continue providing ongoing maintenance and support services to GB Group, including 24/7 technical support and software upgrades.

About Tideworks Technology

Tideworks is a full-service provider of comprehensive terminal operating system solutions for growing marine and intermodal terminal operations worldwide. The company helps more than 120 facilities run their operations more efficiently and profitably. From optimized equipment utilization to faster turn times, Tideworks works at every step of terminal operations to maximize productivity and customer service. For more information about Tideworks Technology, a Carrix solution, visit www.tideworks.com.

About GB Group

GB Group is a leading, diversified group of industrial and trading companies in the Caribbean, with operations concentrated in Haiti, Dominican Republic, Jamaica, St. Maarten and Panama and offices in the United States. Comprised of 21 companies from seven different divisions including agriculture, construction, consumer goods, infrastructure, energy, logistics and trading, GB Group collaborates with more than 4,000 employees and embraces managers from more than 15 countries company wide. GB Group and its operating companies have strategic alliances and/or partnerships with some of the world’s top business organizations. The company’s current endeavors include the $200 million Lafito Global project, which includes Port Lafito, Haiti’s first Panamax port and a dry terminal in Port of Prince. For more information about Port Lafito, please visit www.portlafito.com.

AnnMarie Carson
This email address is being protected from spambots. You need JavaScript enabled to view it.
206-282-4923 ext. 119

• Plans to bring Nobel Prize-winning technology to commercial scale
• New class of hydrocarbon-based materials with performance and sustainability advantages
• Materials could enable more durable, efficient wind turbine blades for energy transition

IRVING, Texas--(BUSINESS WIRE)--ExxonMobil Chemical Company has acquired California-based Materia, Inc., a technology company that has pioneered the development of a Nobel prize-winning technology for manufacturing a new class of materials. The innovative materials can be used in a number of applications, including wind turbine blades, electric vehicle parts, sustainable construction, and anticorrosive coatings.

ExxonMobil and Materia have been collaborating since 2017 on the development of new hydrocarbon-based materials that are stronger, lighter and more durable than existing thermoset products such as epoxy. In the wind power industry, these benefits could enable the design of longer, more durable wind turbine blades for more efficient renewable electricity production. Due to their strength, the materials could also be used as a light-weight, corrosion-resistant replacement for steel in certain construction applications.

“We are reimagining how new hydrocarbon-based materials can form the building blocks to help multiple industries achieve a more sustainable future,” said Karen McKee, president of ExxonMobil Chemical Company. “This acquisition ties together Materia’s Nobel Prize-winning technology with ExxonMobil’s complementary proprietary technology and world-class manufacturing capabilities to bring this exciting new class of structural materials to commercial scale.”

The materials take advantage of revolutionary catalyst discoveries made by professor Dr. Robert Grubbs and his research team at the California Institute of Technology. Grubbs received the 2005 Nobel Prize in Chemistry for these discoveries.

“The combination of Materia’s innovative culture, dedicated employees and cutting-edge technology with ExxonMobil’s expertise and scale in bringing new technology to market will open up an exciting new chapter for Materia,” said Professor Robert Grubbs, Nobel Laureate and co-founder of Materia. “ExxonMobil’s acquisition significantly expands the growth opportunities for this unique technology.”

The acquisition includes Materia’s headquarters and technology center in Pasadena, California and its manufacturing facility in Huntsville, Texas. ExxonMobil intends to operate the business under the Materia company name as a wholly owned affiliate.

About ExxonMobil
ExxonMobil, one of the largest publicly traded international energy companies, uses technology and innovation to help meet the world’s growing energy needs. ExxonMobil holds an industry-leading inventory of resources, is one of the largest refiners and marketers of petroleum products, and its chemical company is one of the largest in the world. To learn more, visit exxonmobil.com and the Energy Factor. Follow us on Twitter and LinkedIn.

About Materia
Materia was founded in 1999 to commercialize a group of ruthenium catalyst technologies developed by Nobel Prize winner Dr. Robert Grubbs and his research group at Caltech. In recent years the company has focused on developing Proxima™ polymers with commercial success in subsea pipeline insulation, molding of parts for industrial applications, and various composite applications like composite rebar for concrete reinforcement.

Cautionary Statement: Statements of future events or conditions in this release are forward-looking statements. Actual future results, including the application of new technologies to new industrial processes, could differ materially due to manufacturing or operating requirements; political or regulatory developments; future technological developments; technical or operating factors; future testing of material properties and applications; and other factors cited under the caption “Factors Affecting Future Results” on the Investors page of our website at exxonmobil.com.

Exxon Mobil Media Relations
(972) 940-6007

The ship is now being equipped with NEC technology which will aid in its efforts to provide essential healthcare in Africa

CHICAGO--(BUSINESS WIRE)--#avtweeps--Sharp NEC Display Solutions, a global leader in the projector and display market, shares in the excitement of the anticipated launch of the Global Mercy®, the newest vessel from Mercy Ships. Sharp/NEC first joined forces with Mercy Ships through an equipment donation in 2017, which included the latest in large format displays, computer monitors, and projectors. Now armed with vital equipment that will aid in its mission, the ship has arrived in Antwerp, Belgium where the equipping and installation of communication and healthcare technology is taking place.

Mercy Ships is an international faith-based organization that uses hospital ships to perform life-changing surgeries and seeks to help build long-term healthcare capacity and systems in the nations it serves. The Global Mercy is the world’s largest civilian-owned purpose-built hospital ship, with the ability to more than double the surgical and training abilities of Mercy Ships, and is designed to carry out world-class, transformative medical care.

In addition to monitors and projectors to be installed throughout the ship, Sharp/NEC’s equipment donation also included a wall of displays in the simulation training room, a tool that will assist in providing essential education for nurses, doctors, surgeons, and other healthcare providers around the world.

In the summer of 2021, representatives from Mercy Ships celebrated the transfer of the newly constructed hospital ship from shipyard to owners. A significant milestone for Mercy Ships, this event marked the end of the ship’s construction and its readiness to sail onward to the equipping phase. Once fully equipped, the Global Mercy will set to sail to its first stop in Senegal in early 2022.

For more information on Sharp NEC Display Solutions, visit www.sharpnecdisplays.us. For more information on Mercy Ships and the Global Mercy visit https://www.mercyships.org/.

About Sharp NEC Display Solutions of America, Inc.

Sharp NEC Display Solutions of America, Inc. is the leading global provider of professional and commercial visual technology and digital signage solutions, wholly owned by Sharp NEC Display Solutions, Ltd. Sharp NEC Display offers one of the broadest visual solutions portfolios in the industry, innovating in LCD displays, lamp and laser projectors, dvLED, 8K and 5G technology, collaboration solutions, calibration tools, IoT and AI driven analytics. Sharp NEC Display is a trusted name and a total solutions provider with strong ties to industry partners, and has a reputation for quality, reliability, and industry-leading customer support with a range of professional service offerings. Serving a wide variety of markets, the organization’s expertise spans retail, enterprise, education, entertainment, transportation, energy and utility, and more. For more information, please visit www.sharpnecdisplays.us. Follow us on our social media channels: Facebook, Instagram, YouTube, Twitter and LinkedIn.

About Mercy Ships

Mercy Ships uses hospital ships to deliver free, world-class healthcare services, capacity building, and sustainable development to those with little access in the developing world. Founded in 1978 by Don and Deyon Stephens, Mercy Ships has worked in more than 55 developing countries, providing services valued at more than $1.7 billion and directly benefitting more than 2.8 million people. Our ships are crewed by volunteers from over 60 nations, with an average of over 1200 volunteers each year. Professionals including surgeons, dentists, nurses, healthcare trainers, teachers, cooks, seamen, engineers, and agriculturalists donate their time and skills. With 16 national offices and an Africa Bureau, Mercy Ships seeks to transform individuals and serve nations one at a time. For more information click on www.mercyships.org

Colleen Rooney Heltemes
Tech Image for Sharp NEC Display Solutions
608-206-5082
This email address is being protected from spambots. You need JavaScript enabled to view it.

Series A financing enables Merge to expand its team and broaden its fleet electrification offerings.

HOUSTON--(BUSINESS WIRE)--Merge Electric Fleet Solutions, a premier fleet electrification services and finance company, today announced the close of a Series A funding round led by strategic investor Pickering Energy Partners (PEP). Merge will use the funding to accelerate team expansion and broaden its electrification services offerings to additional fleet segments.

Merge supports fleets through the entire lifecycle of EV transition including planning, deployment, operations, and financial services. The company’s unique vehicle-driven infrastructure planning process is built on an analytics engine that maximizes economic and environmental benefits while minimizing operational risk. This approach provides customers with a data-driven plan to hit measurable and realistic goals for pilot programs and full deployment.

Featuring a best-in-class founding team led by EV-industry pioneer Glen Stancil, Merge combines vehicle, infrastructure, and financial expertise to provide fleets with simple and affordable electrification solutions. The Merge team brings decades of EV experience from designing, delivering, and operating integrated charging solutions for residential and commercial applications on L2 and DC platforms at over 1,500 sites across 40 states.

“Fleet electrification is this country’s most efficient and cost-effective path to transportation emissions reduction,” said Glen Stancil, CEO of Merge. “The increasing market and regulatory momentum are pushing businesses of all types and sizes to fleet electrification. Merge provides the services that these businesses need to confidently meet their fleet electrification goals with simplicity and affordability.”

EVs are capable of filling many fleet roles today while saving money, improving local air quality, and fighting climate change. The benefits of deploying EVs in fleet applications include reduced cost-of-ownership from fuel and maintenance savings, as well as improved satisfaction of employees, customers, investors, and the community.

“Now is the time to capture value in the fleet electrification space, as evidenced by Merge’s rapid expansion in multiple sectors including energy,” said Dan Pickering, Chief Investment Officer of PEP. “The EV market is at an upward inflection point with long growth runway ahead, and Merge is the go-to authority in fleet electrification.”

Merge currently works with customers across market segments that include energy, healthcare, food and beverage, and home services to provide comprehensive solutions that maximize the economic and environmental benefits of an EV fleet.

To learn more about Merge and its fleet electrification capabilities, please visit www.MergeFleet.com or email This email address is being protected from spambots. You need JavaScript enabled to view it..

To learn more about PEP’s business offerings, visit PickeringEnergyPartners.com or This email address is being protected from spambots. You need JavaScript enabled to view it..

Tara Zachariah (202) 439-3224
This email address is being protected from spambots. You need JavaScript enabled to view it.

MONTREAL--(BUSINESS WIRE)--$LMR #CSMs--Lomiko Metals Inc. (TSX-V: LMR, OTC: LMRMF, FSE: DH8C) ("Lomiko Metals” or the “Company”) is pleased to announce that on December 6, 2021 it held its Annual General and Special Meeting of Shareholders (the “Meeting”). A total of 75,146,069 common shares (31.56% of the outstanding common shares) were represented at the Meeting in person or proxy.

At the first meeting of the newly constituted Board of Directors held immediately after the Meeting, Belinda Labatte was elected to serve as Chief Executive Officer and Director, Gordana Slepcev as Chief Operating Officer and Vince Osbourne as Chief Financial Officer until the next annual general meeting of the Company. The Board also elected Sagiv Shiv to serve as the Company’s Audit Committee Chair until the next annual general meeting of the Company.

Belinda Labatte, CEO and Director, said: “I am pleased to announce our board of directors renewal process is now complete. Our board represents a diverse and experienced group of professionals with Ms. Anu Dhir appointed as Lead Independent Director, A. Paul Gill continuing in his role as Executive Chair and Mr. Sagiv Shiv serving as Chair of the Audit Committee. Together with this board of directors who represent First Nations, Indigenous, Quebec and Canadian values and interests, we are creating a new energy future in Canada by building a meaningful portfolio of critical minerals assets. We are committed to advancing our graphite project La Loutre from PEA ('Preliminary Economic Assessment') to PFS ('Preliminary Feasibility Study') in 2022 and look forward to working with all our stakeholders on the improvement and de-risking of this project through an exploration campaign, metallurgical, engineering and environmental baseline studies. We will provide updates as we advance these studies in the new year.”

1. The Number of Directors

The number of Directors to be set at seven (7) was approved by a resolution passed by a vote by ballot with 59,633,336 (98.28%) total votes cast “FOR” and 1,040,547 (1.71%) votes cast “AGAINST”.

2. Election of Directors

Each of the following individuals was elected as directors of the Company as approved by a vote by ballot, for a term expiring at the conclusion of the next annual meeting of shareholders of the Company or until their successors are elected or appointed, as follows:

3. Appointment of Auditor

The appointment of Dale Matheson Carr-Hilton Labonte LLP, Chartered Professional Accountants, as the auditors of the Company, and the authorization for the directors to fix the remuneration to be paid to the auditors, was approved by a resolution passed by a vote by ballot, with 75,050,235 (99.87%) total votes cast “FOR” and 95,834 (0.12%) total votes “WITHHELD”.

4. 2021 Omnibus Incentive Plan

The 2021 Omnibus Incentive Plan was approved by a resolution passed by a vote by ballot with 58,993,551 (97.23%) total votes cast “FOR” and 1,680,432 (2.77%) total votes cast “AGAINST”.

5. Approval to the Extension of Closing the Sale of the Company’s Subsidiary– Special Resolution

The approval to the extension of the closing date of the sale of the Company’s wholly-owned subsidiary in accordance with the Business Corporations Act (BC) to Prometheus Technologies Inc was approved by a special resolution passed by a vote by ballot, with 60,621,629 (99.91%) total votes cast “FOR” and 52,254 (0.08%) total votes cast “AGAINST”. The resolution was a non-arm’s length transaction.

Interested shareholders can view the Company’s Investor presentation which was recorded at the AGM at the following link: https://lomiko.com/agm-materials/

About Lomiko Metals Inc.

Lomiko Metals has a new vision and a new strategy in new energy. Lomiko represents a company with purpose: a people-first company where we can manifest a world of abundant renewable energy with Canadian and Quebec critical minerals for a solution in North America. Our goal is to create a new energy future in Canada where we will grow the critical minerals workforce, become a valued partner and neighbour with the communities in which we operate, and provide a secure and responsibly sourced supply of critical minerals.

The Company holds a 100% interest in its La Loutre graphite development in southern Quebec. The La Loutre project site is located within the Kitigan Zibi Anishinabeg (KZA) First Nations territory. The KZA First Nations are part of the Algonquin Nation and the KZA territory is situated within the Outaouais and Laurentides regions.​ Located 180 kilometres northwest of Montreal, the property consists of 1 large, continuous block with 48 minerals claims totaling 2,867 hectares (28.7km²). Lomiko Metals published a Preliminary Economic Assessment (“PEA”) on September 10, 2021 which indicated the project had a 15 year mine life producing per year 100,000 tonnes of the graphite concentrate at 95%Cg or a total of 1.5Mt of the graphite concentrate. This report was prepared as National Instrument 43-101 Technical Report for Lomiko Metals Inc. by Ausenco Engineering Canada Inc., Hemmera Envirochem Inc., Moose Mountain Technical Services, and Metpro Management Inc., collectively the Report Authors. The Bourier project site is located near Nemaska Lithium and Critical Elements south-east of the Eeyou Istchee James Bay territory in Quebec which consists of 203 claims, for a total ground position of 10,252.20 hectares (102.52 km2), in Canada’s lithium triangle near the James Bay region of Quebec that has historically housed lithium deposits and mineralization trends.

Mr. Mike Petrina, Project Manager, a Qualified Person under National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and approved the technical disclosure in this news release.

For more information on Lomiko Metals, review the website at www.lomiko.com, contact Belinda Labatte at 647-402-8379 or email: This email address is being protected from spambots. You need JavaScript enabled to view it..

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. The information in this news release about the Company; and any other information herein that is not a historical fact may be "forward-looking information" (“FLI”). All statements, other than statements of historical fact, are FLI and can be identified by the use of statements that include words such as "anticipates", "plans", "continues", "estimates", "expects", "may", "will", "projects", "predicts", “proposes”, "potential", "target", "implement", “scheduled”, "intends", "could", "might", "should", "believe" and similar words or expressions. FLI in this new release includes, but is not limited to: the Company’s objective to become a responsible supplier of critical minerals, exploration of the Company’s projects, including expected costs of exploration and timing to achieve certain milestones, including timing for completion of exploration programs; the Company’s ability to successfully fund, or remain fully funded for the implementation of its business strategy and for exploration of any of its projects (including from the capital markets); any anticipated impacts of COVID-19 on the Company’s business objectives or projects, the Company's financial position or operations, and the expected timing of announcements in this regard. FLI involves known and unknown risks, assumptions and other factors that may cause actual results or performance to differ materially. This FLI reflects the Company’s current views about future events, and while considered reasonable by the Company at this time, are inherently subject to significant uncertainties and contingencies. Accordingly, there can be no certainty that they will accurately reflect actual results. Assumptions upon which such FLI is based include, without limitation: current market for critical minerals; current technological trends; the business relationship between the Company and its business partners; ability to implement its business strategy and to fund, explore, advance and develop each of its projects, including results therefrom and timing thereof; the ability to operate in a safe and effective manner; uncertainties related to receiving and maintaining exploration, environmental and other permits or approvals in Quebec; any unforeseen impacts of COVID-19; impact of increasing competition in the mineral exploration business, including the Company’s competitive position in the industry; general economic conditions, including in relation to currency controls and interest rate fluctuations.

The FLI contained in this news release are expressly qualified in their entirety by this cautionary statement, the “Forward-Looking Statements” section contained in the Company’s most recent management’s discussion and analysis (MD&A), which is available on SEDAR at www.sedar.com, and on the investor presentation on its website. All FLI in this news release are made as of the date of this news release. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

On behalf of the Board,

Belinda Labatte

CEO and Director, Lomiko Metals Inc.

Belinda Labatte
647-402-8379
This email address is being protected from spambots. You need JavaScript enabled to view it.

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--$CLNE--Clean Energy Fuels Corp. (NASDAQ: CLNE) announced today that Karine Boissy-Rousseau, Senior Vice President New Mobility and Marketing at TotalEnergies, has been appointed to the Board of Directors effective immediately to replace Phillipe Charleux, who had served on the Board of Directors since February 2020.

“As a highly respected and seasoned executive with significant experience in renewable fuels, we look forward to Karine’s engagement and assistance in guiding our objectives,” said Clean Energy Board of Directors Chairman Stephen Scully. “We are fortunate to have her join us, and I am confident that Karine will make an important and positive impact as renewables is such an important part of our business.”

Ms. Boissy-Rousseau has served as Senior Vice President New Mobility and Marketing of TotalEnergies since September 1, 2021. Before that, Ms. Boissy-Rousseau was President of Air Liquide Hydrogen Mobility & Energy, where she led the development of hydrogen activities in the transportation sector for North America since 2019. Prior to that, she was Managing Director of Air Liquide Benelux Industries from 2016 to 2019 and General Manager of Air Liquide France Industries in Paris from 2012 to 2016.

“I am extremely proud to join the Clean Energy Board of Directors as the company continues to advance in both the production and sales of RNG in North America,” stated Ms. Boissy-Rousseau. “I look forward to working alongside my fellow directors and company management to continue to champion RNG, a clean and sustainable vehicle fuel which can address climate issues and move towards achieving carbon neutrality.”

Ms. Boissy-Rousseau holds a Master’s degree in Chemical Engineering and a Master’s degree in Marketing.

About Clean Energy

Clean Energy Fuels Corp. is the country’s largest provider of the cleanest fuel for the transportation market. Our mission is to decarbonize transportation through the development and delivery of renewable natural gas (RNG), a sustainable fuel derived from organic waste. Clean Energy allows thousands of vehicles, from airport shuttles to city buses to waste and heavy-duty trucks, to reduce their amount of climate-harming greenhouse gas. We operate a vast network of fueling stations across the U.S. and Canada. Visit www.cleanenergyfuels.com and follow @ce_renewables on Twitter.

Clean Energy Contact:
Raleigh Gerber
949-437-1397
This email address is being protected from spambots. You need JavaScript enabled to view it.

Investor Contact:
This email address is being protected from spambots. You need JavaScript enabled to view it.

NOLA Oil Terminal marks largest bond awarded by Port of Plaquemines in over 50 years

MYRTLE GROVE, La.--(BUSINESS WIRE)--NOLA Oil Terminal, LLC announced today that it has begun construction on phase one of an oil and refined products terminal project in Plaquemines Parish, Louisiana, occupying 158 acres located at Mile Marker 59 on the lower Mississippi River. The $300 million wharf and dock bond funding for this project was approved in summer 2021 and marks the largest bond issue approved by the Port of Plaquemines in over 50 years. NOLA Oil Terminal will be the first of its kind in the region, allowing Mississippi River access for much larger vessels, such as the New-Panamax* and the Suezmax.**

NOLA Oil Terminal in total is a $930 million dollar project. The initial water-side phase of the project includes two deep water berths for these tankers and one barge dock. These two berths will be capable of mooring 170,000-ton vessels. The barge dock will serve both inland and oceangoing tank barges. Land-side construction constitutes the second phase of the project.

NOLA Oil Terminal was founded in 2013 by two entrepreneurs: COO Christian Amedee and Principal Engineer Roy M. Carubba, PE. Amedee explains that this project, when completed, will be the newest state-of-the-art facility along the lower Mississippi River and is poised to add further value by offering blending, storing, and transferring needs with a superior geographical location. It is these factors, among others, which make NOLA Oil Terminal an attractive investment.

“Crude oil and clean petroleum products such as gasoline, diesel, and jet fuel are significant trade products for Louisiana, but we aren’t able to take advantage of the larger vessels,” says Amedee. “That changes today. This terminal will be the first in the area to be able to accommodate vessels which currently are too large and deep to dock in the Mississippi River or in most Gulf of Mexico and Eastern Seaboard ports. The positive impact on Louisiana’s economy will be immense.”

According to Benny Rouselle, former president of Plaquemines Parish and former chairman of the Port of Plaquemines, “This boost to our economy couldn’t come at a better time, and NOLA Oil Terminal represents the kinds of projects Plaquemines Parish is looking for. Not only will this flagship be an economic driver for the Parish, but it will also put us on the map as the first deep water wharf able to accommodate these massive tankers, signaling a bright economic future for Plaquemines Parish.”

Once completed and operational, Amedee explains that NOLA Oil Terminal will be able to accommodate up to six tankers each week. The completed structure, which is phase two, is expected to have a storage capacity as high as 10 million barrels.

In addition to opening new channels to import and export crude oil and other clean petroleum products, NOLA Oil Terminal expects to create over 1,000 construction jobs through completion of phases one and two. Additionally, the completed terminal is expected to sustain from 30 to 40 permanent jobs in Plaquemines Parish. Phase one, the wharves and docks, is projected to be completed in mid-2022. All required permits are in place, and site preparation including site clearing, open channel drainage, construction access roadways, geotechnical investigations and pile load tests, and environmental studies is completed. Phase two, the land-side section, is in the development phase.

For more information on NOLA Oil Terminal, visit nolaoil.com.

*The general characteristics of New-Panamax, which are the largest vessels able to transit the Panama Canal locks, are 1,201-foot length, 160-foot beam, 190-foot height, 50-foot draft, 120,000 DWT (deadweight tonnage), and 14,000 TEU (twenty-foot equivalent unit).

**The general characteristics of Suezmax, which are the largest vessels to transit the Suez Canal, are maximum 1,300-foot length, maximum 254-foot beam, maximum 223-foot height, maximum 66-foot maximum draft, maximum 200,000 DWT, and 12,000 TEU.

NOLA Oil Terminal, founded in 2013 by Christian Amedee and Roy Carubba, is a fully permitted construction project in Plaquemines Parish, LA. The company is developing a world class, designed, engineered, bid and shovel-ready crude oil pipeline, ship, and barge dock system with options to add refined products and a 10-million-barrel storage facility at Mile Marker 59 in the Lower Mississippi River.

Media Contact:
Suzanne Whitaker
(504) 722-3511
This email address is being protected from spambots. You need JavaScript enabled to view it.

Miles Barr, Co-founder & CTO, Named to 2021 Environment + Energy Leader 100 List As Company Leads the Next Evolution in Solar Energy Solutions to Reach Carbon Neutral Future

REDWOOD CITY, Calif.--(BUSINESS WIRE)--#leadership--Ubiquitous Energy, the world leader in transparent solar technology — the conversion of light into electricity using semiconducting materials while maintaining visible transparency, is enhancing sustainable energy solutions as the world responds to an urgent climate crisis. In recognition of its industry leadership, the company’s co-founder and CTO, Miles Barr, was named to the 2021 Environment + Energy Leader 100 List, an annual recognition of environment and energy ‘doers’ who break trail in creating new solutions, programs, platforms, best practices and products to help their companies – or other companies – achieve greater success.

2021: The Year of Climate Change Impacting Policies Worldwide

A devastating United Nations (UN) climate report, which analyzed 14,000 studies on the topic, found that some consequences of climate change are inevitable while concluding that there is a narrow window to mitigate the disastrous outcomes of inaction. Consequently, in a meeting with leading mayors from C40 Cities, the UN Secretary-General António Guterres called 2021 a “Make-or-Break” year for climate change response and sustainable energy transformation. In response, countries, companies, and individuals have doubled down on sustainability initiatives, allocating financial resources, advocating for effective policies, and implementing lifestyle changes to restrain the repercussions of global warming. For example, in October, countries gathered in Glasgow, Scotland, for the annual United Nations Climate Change Conference where they committed to reducing emissions and funding sustainability initiatives to respond to this imminent crisis.

Ubiquitous Energy’s Miles Barr Recognized as Top 100 Environment + Energy Leader

As a solution builder, Ubiquitous Energy is at the forefront of these world-leading efforts. The company, founded by technologists a decade ago committed to a sustainable future, is committed to making an enormous impact on environmental outcomes, expecting to install one billion square feet of solar energy generating window glass globally by 2050. This will expand what’s possible in a renewable energy portfolio and change the way the world utilizes solar power.

“I’m honored to be included on this year’s Environment + Energy Leader 100 List,” said Barr, adding, “This reflects more than a decade of investment, research, and development and countless hours of hard work by the Ubiquitous Energy team. I’m humbled to lead such an incredible team as we work to do our part to respond to an urgent climate crisis and a growing market demand for solar energy products.”

To learn more about how Ubiquitous Energy is responding to today’s energy challenges by powering the future of what a window can be, visit: https://ubiquitous.energy/.

About Ubiquitous Energy, Inc.

Founded in 2011, Ubiquitous Energy was started by a group of MIT and MSU scientists and engineers looking for new ways to reduce humanity’s carbon footprint by seamlessly integrating solar power technology into everyday products and surfaces. Ubiquitous Energy has the world’s leading transparent solar technology – the conversion of light into electricity using semiconducting materials all while maintaining visible transparency. To both residential and commercial building occupants, Ubiquitous Energy’s solar windows provide a clear, vibrant experience that is expected from traditional Low-E windows, but with self-contained, on-board power and smart functionality. For more information please visit us at https://ubiquitous.energy/ or connect with us via Linkedin.

Kathy Berardi
JMG Public Relations
678-644-4122
This email address is being protected from spambots. You need JavaScript enabled to view it.

Most decision-makers believe their organizations, or those they invest in, are prepared to achieve emission-reduction goals

HOUSTON--(BUSINESS WIRE)--#Biomass--In the face of overwhelming and existential challenges, a strong majority of energy industry leaders are willingly embracing work toward decarbonization while they simultaneously adopt a forward-looking and optimistic perspective on the energy transition, according to Womble Bond Dickinson’s 2022 Energy Transition Outlook Survey Report.

The Energy Industry Supports the Clean Energy Transition

The survey, which was completed by 170 executives and investors across the energy industry, provides insight and inside perspective on the many complex and nuanced issues involved in transitioning the global economy out of its current reliance on fossil fuels. In a sign of the times, most executives (73%) and investors (70%) say that their organizations or those in which they invest are either very prepared or moderately prepared to achieve more than a 50% reduction in carbon emissions by 2030. The data show even stronger values related to reduction of methane emissions by 2030 (77% for executives and 71% investors).

“Five years ago, it would have been difficult to believe that three-quarters of energy executives would feel this well-prepared for carbon and methane reductions – and that investors would feel the same way about their portfolio companies,” said Womble Bond Dickinson partner and Energy and Natural Resources (ENR) sector co-lead Jeff Whittle. “The industry is clearly looking long-term and sees its future as having a very different shape from what it is today.”

In addition, 77% of industry executives reported that they were already focusing on or considering carbon-neutrality measures and they expressed a relatively equal embrace for pollution-neutrality (79%). Overall, the survey’s findings paint a fascinating snapshot of where the energy transition stands as 2021 draws to a close and suggest that energy leaders do not see an inherent conflict between climate goals and the long-term success of their businesses.

Mixed Perspectives on Biden Administration’s Policies and Goals

Most executives (70%) and investors (78%) view the Biden Administration’s climate policies as favorable to their businesses and business opportunities. This data indicates that energy industry leaders value federal guidelines and initiatives supportive of definitive strategies for investment in the transition and for the achievement of net zero goals.

“The fact that the new administration is prioritizing these efforts is seen as a welcome change in contrast to the hesitancy of the previous administration to embrace climate initiatives,” said Womble Bond Dickinson partner and ENR sector co-lead Lisa Rushton. “Many in the industry likely see the potential for big returns, whether they’re utility companies already betting on solar and wind or upstream players who see potential in hydrogen and other longer-term plays.”

Despite a comfort with the administration’s plans, almost half (49%) of those surveyed believe that the Biden Administration’s announced goal of decarbonizing the power sector by 2035 will not be met. One-third (32%) believe that it will and 20% are unsure.

Hydrogen, Biomass and Geothermal Becoming Bigger Pieces of the Puzzle

In reflecting on their status with regard to various renewable energy sources, respondents are actively operating, investing in, or researching a range of established technologies, with solar (50%) topping the list, followed by geothermal (39%), hydro (37%) and wind (34%). Roughly one-third are active in biofuel/biomass (34%) and hydrogen (31%), but 8 in 10 said they are either active in, planning for, or considering these areas as future energy sources.

“The fact that the data did not identify any clear areas of early concentration in newer technologies suggests that the industry is hedging its bets across many fronts,” said Womble Bond Dickinson partner and ENR sector co-lead Belton Zeigler. “At the same time, it is surprising to see the amount of activity in hydrogen – which is relatively new to the party – and geothermal, which has been something of sleeper to date.”

The most appealing growth opportunities in the eyes of executives were identified as battery storage (69%), hydrogen (67%), energy efficiency improvements (58%), and electrification (56%). Furthermore, industry executives identified hydrogen (38%) as the technology for which research and development is most important, followed by biofuels/biomass (29%) and geothermal (27%)

Carbon capture and sequestration was not seen as a leading technology by respondents as far their own operations. Only about 1 in 5 of those who said they were prepared at some level to reduce more than 50% of their methane and carbon emissions by 2030 said the technology was part of their plans – which is consistent with the expense and complexity of the technology, as well as the number of high-profile projects that have failed in the past.

ESG Mindset in Its Early Days, But Growing

Leaders in the energy sector, while further along than many other sectors, remain in the early stage of implementation when it comes to environmental, social and governance (ESG) policies. There is intense scrutiny in this sector, more than any other, and a major obstacle in the United States remains the lack of any consistent standards.

However, there is clear investor focus on ESG, with 76% of those surveyed saying that it is at least a moderate consideration in evaluating energy investments and 85% saying their focus on ESG in investments will increase at least slightly in the next two years. As noted in the firm’s recent article on ESG, “a lack of ESG strategy will ultimately affect a company’s access to public, and increasingly private, capital.” Regardless of the drivers, ESG has certainly played, and will continue play, a material role in accelerating the world’s transition to green(er) energy.

Womble Bond Dickinson’s 2022 Energy Transition Outlook Survey Report was completed by 170 decision-makers in the energy industry, including C-suite executives (32%), investors (29%), business or operations managers (7%) and in-house legal counsel (29%). Respondents represent a broad spectrum of energy industry sub-sectors including oil and gas, power and renewables, and mining and minerals. To read the complete report and methodology, please click here.

About Womble Bond Dickinson

Womble Bond Dickinson is a transatlantic law firm with more than 1,100 lawyers based in 26 U.K. and U.S. office locations serving clients across every business sector. The firm provides core legal services including: Commercial, Corporate, Employment, Pensions, Dispute Resolution, Litigation, Finance, Banking, Restructuring, Insolvency, I.P., Technology and Data, Private Wealth, Projects, Construction and Infrastructure, Real Estate and Regulatory Law.

"Womble Bond Dickinson," the "law firm" or the "firm" refers to the network of member firms of Womble Bond Dickinson (International) Limited, consisting of Womble Bond Dickinson (U.K.) LLP and Womble Bond Dickinson (U.S.) LLP. Each of Womble Bond Dickinson (U.K.) LLP and Womble Bond Dickinson (U.S.) LLP is a separate legal entity operating as an independent law firm. Womble Bond Dickinson (International) Limited does not practice law. Please see www.womblebonddickinson.com/us/legal-notice for further details.

Alexandra Orr
This email address is being protected from spambots. You need JavaScript enabled to view it.

Oil and gas investment will need to return to pre-COVID levels and stay there through 2030 to restore market balance and meet future demand, report by International Energy Forum and IHS Markit finds

HOUSTON--(BUSINESS WIRE)--Underinvestment in oil and gas development extended into a second year in 2021 even as global energy demand rebounded, raising the prospect of price shocks, scarcity and growing energy poverty, according to a new report by the International Energy Forum (IEF) and IHS Markit (NYSE: INFO).

The report underlines widespread concerns about the stability of global energy markets in the wake of the COVID-19 pandemic and follows a decision by several countries including the United States, Japan and India to release strategic petroleum reserves to cool prices.

“The energy crisis in Europe and Asia this winter is a preview of what we can expect in the years ahead. Two years in a row of large and abrupt underinvestment in oil and gas development is a recipe for higher prices and volatility later this decade,” said Joseph McMonigle, secretary general, IEF.

“More frequent boom-bust cycles will harm consumers and producers recovering from COVID, set back UN Climate and Sustainable Development goals and threaten global security,” he added.

Upstream investment in the oil and gas sector remained depressed for a second consecutive year in 2021 at $341 billion, 23% below the pre-pandemic level of $525 billion, the report found. Investment slumped by 30% in 2020. Global demand for oil and gas, meanwhile, has rebounded to near 2019 levels and is set to keep rising for several years.

Oil and gas investment will need to return to pre-COVID levels and stay there through 2030 to restore market balance, the report states.

However, several factors are currently making it more challenging to meet adequate investment levels this decade compared to decades past, the report says. These include record price volatility, changing government regulations, divergent long-term demand scenarios and non-standardized ESG criteria that are driving up investment hurdles and hiking the cost of capital for long-cycle projects, the report says.

Pressure on governments and industry for a green recovery is further constraining availability of capital, it says. As a result, investment decisions are becoming increasingly complex. The unprecedented level of uncertainty increases the risk profile of hydrocarbon investments and the cost of capital, reshaping investment decisions, the report states.

“Additional layers of complexity and the uncertainty that brings is fostering an environment of ‘pre-emptive underinvestment’ for oil and gas supply, where capital expenditure lags demand,” said Daniel Yergin, vice chairman, IHS Markit and author of The New Map: Energy, Climate and the Clash of Nations.

“While the energy transition proceeds, underinvesting in oil and gas before renewables and other low-carbon technologies are ready to scale up to meet energy demand could create recurrent energy crises of the kind we saw in Asia and Europe over the last few months, resulting in elevated prices and adverse economic consequences,” he added.

The next two years will be critical for sanctioning and allocating capital toward new projects to ensure adequate oil and gas supply comes online within the next 5-6 years, the report states.

Insufficient upstream investment could result in more price volatility and spur adverse economic consequences, such as wider energy poverty, more frequent scarcity and fuel switching to more polluting energy sources such as wood and coal, the report found.

“Increased price volatility would weaken the prospects for the inclusive and sustainable economic recovery that producers, consumers and governments all want. It would also complicate policy choices during the energy transition,” said McMonigle.

“Reduced investment will also make it more difficult to increase affordable access to modern energy services and improve healthy living conditions in rapidly urbanizing regions as well as remote rural areas of developing economies. While the obstacles are high for achieving adequate investment, the consequences of underinvestment are greater,” he added.

The report was written by Roger Diwan and Karim Fawaz from IHS Markit and Mason Hamilton and Allyson Cutright at the IEF. The full report is available on the IEF website.

About the IEF
The International Energy Forum is the world’s largest organization of energy ministers, composed of 71 members including both producing and consuming nations. The IEF is the global home of energy dialogue, promoting energy security, market stability and transparency. For more information visit www.ief.org

About IHS Markit (www.ihsmarkit.com)
IHS Markit (NYSE: INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 business and government customers, including 80 percent of the Fortune Global 500 and the world’s leading financial institutions. Headquartered in London, IHS Markit is committed to sustainable, profitable growth.

IHS Markit is a registered trademark of IHS Markit Ltd. and/or its affiliates. All other company and product names may be trademarks of their respective owners © 2021 IHS Markit Ltd. All rights reserved.

Jeff Marn
IHS Markit
+1 202 463 8213
This email address is being protected from spambots. You need JavaScript enabled to view it.

Press Team
+1 303 858 6417
This email address is being protected from spambots. You need JavaScript enabled to view it.

IEF: Tom Ashby, Head of Global Communications, This email address is being protected from spambots. You need JavaScript enabled to view it.

NEW YORK--(BUSINESS WIRE)--#KBRA--Kroll Bond Rating Agency (KBRA) releases research that discusses how waterway modifications at seaports may have exacerbated coastal flooding in their surrounding areas and how ports and nearby public stakeholders are investing in resilience against flooding, sea level rise, and severe storms.

Click here to view the report.

About KBRA

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

Paul Kwiatkoski, Managing Director
+1 (646) 731-2387
This email address is being protected from spambots. You need JavaScript enabled to view it.

Yang Li, Associate Director
+1 (646) 731-1216
This email address is being protected from spambots. You need JavaScript enabled to view it.

Business Development Contacts

Bill Baneky, Managing Director
+1 (646) 731-2409
This email address is being protected from spambots. You need JavaScript enabled to view it.

James Kissane, Senior Director
+1 (213) 806-0026
This email address is being protected from spambots. You need JavaScript enabled to view it.

TAMPA, Fla.--(BUSINESS WIRE)--After a demanding testing and evaluation process, Emera Technologies announces it has received UL 9540 fire safety certification for BlockBox^TM, the distributed nanogrid energy storage and control system of its BlockEnergy^TM microgrid platform.

BlockEnergy is the first utility-owned community microgrid for residential and commercial-scale applications. The fire safety certification is a significant milestone that allows BlockEnergy to be offered to utilities.

The BlockEnergy microgrid integrates renewable energy, storage, and smart distributed controls to facilitate easily scalable systems in new residential communities. The BlockBox energy storage and control system, equipped with EnerDel’s lithium-ion batteries, acts as a smart hub for the energy load it serves on the microgrid. BlockBoxes are connected on a common bus at various end-load sources, incorporating the battery management system, controls, and communications for the load, thereby serving as the integration point of various energy sources into the battery.

“Less than two years ago we completed our proof of concept for the BlockEnergy microgrid and distributed BlockBox nanogrids at Kirtland Air Force Base in New Mexico. Achieving the UL 9540 certification represents a crucial safety milestone in our engineering and development work,” says Rob Bennett, president and CEO of Emera Technologies. “We look forward to completing our first commercial and residential BlockEnergy microgrid installations in Tampa, Florida, and Fairmount Heights, Maryland in early 2022.”

Microgrids will play a significant role in achieving a renewable and resilient energy future. BlockEnergy’s utility-centric model allows utilities to own and operate distributed energy resources that can be integrated with utility grid infrastructure. The BlockEnergy system provides easy interoperability in both grid-connected mode and island mode, when outages are affecting the broader grid.

“Partnering with Emera Technologies on the BlockBox distributed battery system has been an incredible accomplishment for both teams,” says Bruce Silk, senior director of business development for EnerDel. “The EnerDel team has been impressed by Emera’s focus on safety, which aligns perfectly with our culture of safety and performance. This strategic alliance is a testament to an emerging opportunity as we expand our market and product portfolio.”

The testing and evaluation was conducted by independent, third-party lab TÜV Rheinland.

About Emera Technologies
Emera Technologies is a dedicated and nimble organization focused on developing new ways to deliver renewable energy to customers. Headquartered in Tampa, Florida, the team engages experts, research organizations, and technology leaders to capitalize on the disruptive challenges and innovation opportunities in today’s energy industry. For more information on Emera Technologies, please visit https://blockenergy.com/. Emera Technologies is a wholly owned subsidiary of Emera Inc., a geographically diverse energy and services company headquartered in Halifax, Nova Scotia, with more than 2.5 million customers.

About BlockEnergy
BlockEnergy is the world’s first distributed renewable energy platform for new communities of all sizes. A truly plug-and-play energy system, BlockEnergy is comprised of a simple kit of parts, able to be installed by local utilities as a capital asset to deliver the most advanced, secure, resilient power available. Scalable, stormproof, and able to interoperate seamlessly with the local grid when needed, BlockEnergy allows new communities to benefit from a seamless platform combining rooftop solar, energy storage, and smart distributed controls. For more information, see the BlockEnergy explainer video here.

About EnerDel
EnerDel, Inc. is a privately held company headquartered in Indianapolis. It manufactures advanced lithium-ion batteries and energy storage systems for the electric grid, transportation, and industrial applications. The company’s prismatic cell design and modular stacking architecture combine to provide customers with production-ready solutions that address their power and energy storage needs. For additional information, visit EnerDel.com.

Emera Technologies
Rachel Miller
505-235-1604
This email address is being protected from spambots. You need JavaScript enabled to view it.

Media
Brandy Lee (Kiterocket)
408-930-6186
This email address is being protected from spambots. You need JavaScript enabled to view it.

ARLINGTON, Va.--(BUSINESS WIRE)--$AVAV--AeroVironment, Inc. (NASDAQ: AVAV), a global leader in intelligent, multi-domain robotic systems, today reported financial results for its fiscal second quarter ended October 30, 2021.

“While we achieved second quarter and first half results in line with our expectations, headwinds to our business have intensified in recent months, requiring us to reduce our full year outlook,” said Wahid Nawabi, AeroVironment president and chief executive officer. “The negative impact from supply chain delays, extended procurement cycles due to the global COVID-19 pandemic, slower decision making in Washington tied to Continuing Resolution related budget uncertainties and staffing shortages have prevented us from realizing the growth and bottom line results expected at the start of this fiscal year. We are diligently working to manage expenses and other challenges in light of our revised outlook but are realistic regarding the lack of visibility within this ongoing environment.

“Nevertheless, we made progress during the quarter and are executing on a strategy to deliver long-term improvement in our operating performance. We have begun to demonstrate synergies within our three recently acquired businesses, exemplified by the recent integration of Switchblade 300 with the Jump 20 Medium Unmanned Air System. At the same time, our impressive team continues to deliver on new product development, including the launch of the i45 N Mantis gimbal, providing superior intelligence, surveillance and reconnaissance (“ISR”) for night-time operations. Furthermore, we saw traction across other growth initiatives within our Tactical Missile Systems segment by securing new orders for our Switchblade 600 and demonstrating sensor-to-shooter operations with NATO.

“Despite current market headwinds, we remain well positioned to deliver long term shareholder value through our focus on winning new business leveraging our innovative capabilities and industry-leading technology. While resetting our expectations for 2022, we are taking all steps available to mitigate these challenges going forward, ensuring the company remains on track for a fifth consecutive year of top-line growth and a path to higher investor returns.”

FISCAL 2022 SECOND QUARTER RESULTS

Revenue for the second quarter of fiscal 2022 was $122.0 million, an increase of 32% from the second quarter of fiscal 2021 revenue of $92.7 million. The increase in revenue reflects an increase in service revenue of $23.9 million and product sales of $5.5 million. The increase in revenue was primarily due to revenue from the Medium Unmanned Aircraft Systems (“MUAS”) segment of $26.5 million and the Unmanned Ground Vehicles product line of $6.5 million, as a result of our acquisitions of Arcturus UAV and Telerob GmbH in February and May 2021, respectively. These increases were partially offset by a decrease in revenue in the Small Unmanned Aircraft Systems (“Small UAS”) segment of $3.4 million and in the other businesses of $1.1 million.

Gross margin for the second quarter of fiscal 2022 was $42.5 million, an increase of 4% from the second quarter of fiscal 2021 gross margin of $40.9 million. The increase in gross margin reflects higher service margin of $0.9 million and product margin of $0.7 million. As a percentage of revenue, gross margin decreased to 35% from 44%. Gross margin was impacted by $5.5 million of intangible amortization expense and other related non-cash purchase accounting expenses in the second quarter of fiscal 2022 as compared to $0.7 million in the second quarter of fiscal 2021. With the acquisitions of Arcturus and the Intelligent Systems Group of Progeny Systems Corp. (“ISG”), we experienced a higher proportion of service revenue, which generally has lower gross margins than do product sales.

Income from operations for the second quarter of fiscal 2022 was $3.3 million, a decrease of $10.6 million from the second quarter of fiscal 2021 income from operations of $13.9 million. The decrease in income from operations was primarily the result of an increase in selling, general and administrative (“SG&A”) expense of $9.8 million and an increase in research and development (“R&D”) expense of $2.3 million, partially offset by an increase in gross margin of $1.6 million. SG&A expense included acquisition-related expenses and intangible amortization expense of $5.7 million in the second quarter of fiscal 2022 as compared to $0.4 million in the second quarter of fiscal 2021. SG&A expense in the current quarter also included additional headcount and support costs associated with the acquisitions of Arcturus UAV, ISG and Telerob.

Other expense, net, for the second quarter of fiscal 2022 was $11.4 million, as compared to other income, net of $0.2 million for the second quarter of fiscal 2021. The increase in other expense, net was primarily due to an additional legal accrual of $10.0 million for the expected settlement of all claims from the buyers of our former EES business and higher interest expense of $1.4 million resulting from the term debt issued concurrent with the acquisition of Arcturus UAV.

Benefit from income taxes for the second quarter of fiscal 2022 was $9.5 million, as compared to a provision for income taxes of $2.5 million for the second quarter of fiscal 2021. The increase in benefit from income taxes was primarily due to the decrease in income before income taxes and an increase in certain federal income tax credits.

Equity method investment income, net of tax, for the second quarter of fiscal 2022 was $1.1 million, as compared to equity method investment loss, net of tax, of $9.5 million for the second quarter of fiscal 2021. The increase in equity method investment income was due to an increase in our limited partnership investment. Equity method investment loss, net of tax, for the second quarter of fiscal 2021 included a loss of $8.4 million for our proportionate share of the HAPSMobile Inc. joint venture’s impairment of its investment in Loon LLC.

Net income attributable to AeroVironment for the second quarter of fiscal 2022 was $2.5 million, or $0.10 per diluted share, as compared to $2.1 million, or $0.09 per diluted share, for the second quarter of fiscal 2021.

Non-GAAP earnings per diluted share was $0.78 for the second quarter of fiscal 2022, as compared to $0.48 for the second quarter of fiscal 2021.

BACKLOG

As of October 30, 2021, funded backlog (remaining performance obligations under firm orders for which funding is currently appropriated to us under a customer contract) was $252.0 million, as compared to $211.8 million as of April 30, 2021.

FISCAL 2022 — REVISED OUTLOOK FOR THE FULL YEAR

Based on negative impact from supply chain delays, extended procurement cycles, slower decision making in Washington and staffing shortages, the Company has reduced its full year fiscal 2022 expectations and now expects revenue of between $440 million and $460 million, net loss of between $12 million and $8 million, Non-GAAP adjusted EBITDA of between $59 million and $65 million, loss per diluted share of between $(0.47) and $(0.33) and non-GAAP earnings per diluted share, which excludes litigation settlement expenses, acquisition-related expenses and amortization of intangible assets, of between $1.23 and $1.37.

The foregoing estimates are forward-looking and reflect management's view of current and future market conditions, subject to certain risks and uncertainties, and including certain assumptions with respect to our ability to efficiently and on a timely basis integrate our acquisitions, obtain and retain government contracts, changes in the timing and/or amount of government spending, changes in the demand for our products and services, activities of competitors, changes in the regulatory environment, and general economic and business conditions in the United States and elsewhere in the world. Investors are reminded that actual results may differ materially from these estimates.

CONFERENCE CALL AND PRESENTATION

In conjunction with this release, AeroVironment, Inc. will host a conference call today, Tuesday, December 7, 2021, at 4:30 pm Eastern Time that will be webcast live. Wahid Nawabi, president and chief executive officer, Kevin P. McDonnell, chief financial officer and Jonah Teeter-Balin, senior director corporate development and investor relations, will host the call.

Investors may dial into the call by using the following telephone numbers, (877) 561-2749 (U.S.) or (678) 809-1029 (international) and providing the conference ID 3093207 five to ten minutes prior to the start time to allow for registration.

Investors with Internet access may listen to the live audio webcast via the Investor Relations page of the AeroVironment, Inc. website, http://investor.avinc.com. Please allow 15 minutes prior to the call to download and install any necessary audio software.

A supplementary investor presentation for the second quarter fiscal 2022 can be accessed at https://investor.avinc.com/events-and-presentations.

Audio Replay

An audio replay of the event will be archived on the Investor Relations section of the Company's website at http://investor.avinc.com.

ABOUT AEROVIRONMENT, INC.

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can Proceed with Certainty. Headquartered in Virginia, AeroVironment is a global leader in intelligent, multi-domain robotic systems, and serves defense, government and commercial customers. For more information, visit www.avinc.com.

FORWARD-LOOKING STATEMENTS

This press release contains "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain words such as “believe,” “anticipate,” “expect,” “estimate,” “intend,” “project,” “plan,” or words or phrases with similar meaning. Forward-looking statements are based on current expectations, forecasts and assumptions that involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors outside of our control, that may cause our business, strategy or actual results to differ materially from the forward-looking statements.

Factors that could cause actual results to differ materially from the forward-looking statements include, but are not limited to, the impact of our recent acquisitions of Arcturus UAV, Telerob and ISG and our ability to successfully integrate them into our operations; the risk that disruptions will occur from the transactions that will harm our business; any disruptions or threatened disruptions to our relationships with our distributors, suppliers, customers and employees, including shortages in components for our products; the ability to timely and sufficiently integrate international operations into our ongoing business and compliance programs; reliance on sales to the U.S. government and related to our development of HAPS UAS; availability of U.S. government funding for defense procurement and R&D programs; changes in the timing and/or amount of government spending; our ability to perform under existing contracts and obtain new contracts; risks related to our international business, including compliance with export control laws; potential need for changes in our long-term strategy in response to future developments; the extensive regulatory requirements governing our contracts with the U.S. government and international customers; the consequences to our financial position, business and reputation that could result from failing to comply with such regulatory requirements; unexpected technical and marketing difficulties inherent in major research and product development efforts; the impact of potential security and cyber threats; changes in the supply and/or demand and/or prices for our products and services; the activities of competitors and increased competition; failure of the markets in which we operate to grow; uncertainty in the customer adoption rate of commercial use unmanned aircraft systems; failure to remain a market innovator, to create new market opportunities or to expand into new markets; changes in significant operating expenses, including components and raw materials; failure to develop new products or integrate new technology into current products; risk of litigation, including but not limited to pending litigation arising from the sale of our EES business; product liability, infringement and other claims; changes in the regulatory environment; the impact of the outbreak related to the strain of coronavirus known as COVID-19 on our business; our ability to comply with the covenants in our loan documents; our ability to attract and retain skilled employees; and general economic and business conditions in the United States and elsewhere in the world. For a further list and description of such risks and uncertainties, see the reports we file with the Securities and Exchange Commission. We do not intend, and undertake no obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise.

NON-GAAP MEASURES

In addition to the financial measures prepared in accordance with generally accepted accounting principles (GAAP), this earnings release also contains non-GAAP financial measures. See in the financial tables below the calculation of these measures, the reasons why we believe these measures provide useful information to investors, and a reconciliation of these measures to the most directly comparable GAAP measures.

– Financial Tables Follow –

Jonah Teeter-Balin
+1 (805) 520-8350 x4278
https://investor.avinc.com/contact-us

JACKSONVILLE, Fla.--(BUSINESS WIRE)--Crowley has committed to net-zero greenhouse gas emissions across all scopes by 2050, pursuing a path aligned with the latest climate science to limit global warming to 1.5 degrees Celsius.

To reach this target, Crowley estimates that it will reduce overall emissions by 4.2 million metric tons of greenhouse gases per year, or the equivalent of removing more than 900,000 cars from the road every year.

“Crowley is on a mission to become the most sustainable and innovative maritime, logistics company in the Americas,” said Tom Crowley, chairman and CEO. “Working together with our customers, suppliers, policymakers and others across our value chain, we can meet the climate crisis head on.”

As it lays the groundwork for a clean energy future, Crowley is creating partnerships across the industry with government and non-governmental organizations to collaboratively achieve decarbonization and climate action. These include the Blue Sky Maritime Coalition, which is focused on the North American maritime value chain, and the World Shipping Council focusing on the global container shipping industry.

“Crowley’s value chain accounts for over 80% of our emissions across the enterprise. Collaboration with customers and partners is key to our mutual success reaching net-zero emissions using science-based standards,” said Alisa Praskovich, vice president of sustainability. “By creating mutual accountability, we will spur innovation through the open sharing of ideas.”

Reducing GHG emissions is a mission critical issue to Crowley’s stakeholders, according to a recent materiality assessment and survey. With a net zero commitment across all three scopes, the company will operationalize its emissions reduction.

“First and foremost, achieving net-zero emissions is the right thing to do for our planet and deeply aligns with Crowley’s purpose. It is our responsibility as a leader to anticipate evolving stakeholder and customer expectations,” said Ray Fitzgerald, chief operating officer.

To achieve visibility into its total emissions footprint, Crowley has engaged Salesforce to co-develop a greenhouse gas emissions monitoring and modeling platform that will provide benchmarking, transparency and customized disclosures.

“We’re proud to be supporting Crowley, our first-to-market customer in the maritime industry, in their sustainability journey to track and reduce their carbon footprint with Salesforce Sustainability Cloud,” said Ari Alexander, GM of Salesforce Sustainability Cloud. “With Sustainability Cloud, Crowley can now have a 360 view of its carbon footprint, with automated dashboards that provide real-time, actionable insights so they can take meaningful climate action across their supply chain.”

Other activities to date include introducing an all-electric tugboat and development of alternative energy vessels and offshore wind services. The company formed a New Energy division that will provide offshore wind services in the U.S. and is developing a program that will allow customers to select more sustainable fuels.

In the coming months, Crowley anticipates submitting its long-and short-term emission reduction goals to the Science Based Targets Initiative (SBTi) and is set to release an enterprise-wide sustainability roadmap and complete its inaugural sustainability report in 2022.

About Crowley

Crowley is a privately held, U.S.-owned and -operated maritime, energy and logistics solutions company serving commercial and government sectors with more than $2.5 billion in annual revenues, over 160 vessels mostly in the Jones Act fleet and approximately 6,300 employees around the world – employing more U.S. mariners than any other company. The Crowley enterprise has invested more than $3 billion in maritime transport, which is the backbone of global trade and the global economy. As a global ship owner-operator and services provider with nearly 130 years of innovation and a commitment to sustainability, the company serves customers in 35 nations and island territories through four business units: Crowley Logistics, Crowley Shipping, Crowley Solutions and Crowley Fuels. Additional information about Crowley, its business units and subsidiaries can be found at www.crowley.com.

David DeCamp
(904) 727-4263
This email address is being protected from spambots. You need JavaScript enabled to view it.

Torey Vogel
(904) 726-4536
This email address is being protected from spambots. You need JavaScript enabled to view it.

KENNESAW, Ga.--(BUSINESS WIRE)--The Yamaha Rightwaters sustainability initiative expands overseas as Yamaha Motor Australia announces plans to build on the company’s commitment to marine conservation by forming a strategic alliance with clean technology start-up Seabin™, its first Yamaha Rightwaters initiative.

Yamaha Motor Australia joins the Australian-founded company as a major sponsor of the world’s first “100 Smarter Cities for Cleaner Oceans” campaign in Sydney.

“At Yamaha, we are all passionate about boating and the long-term sustainability of our waterways. In Australia, we are fortunate to enjoy some of the most pristine and diverse marine environments in the world, and we realize we can never take this for granted,” said Jason Harris, General Manager of the Marine Division, Yamaha Motor Australia. “Through Yamaha Rightwaters, we hope to implement programs that contribute in meaningful ways to help protect and sustain our waterways.”

Seabin™ developed an innovative Ocean Health Data Platform, which involves the removal and data cataloguing of plastics and other marine debris from waterways. The critical data sets collated from the Seabin unit collections are recognized by global authorities such as United Nations Environment Programme (UNEP) to facilitate, support and implement positive policy making and behavioral change. Seabin™ set a goal to operate in 100 cities by 2050. The company launched its first City Pilot in Sydney last year, collecting more than 16 tons of marine debris waterways and filtering over 3 billion liters of water. With support from Yamaha Rightwaters, Seabin can double this impact through the addition of the Sydney Smart City program.

Introduced in the United States in 2019 on World Oceans Day, Yamaha Rightwaters champions environmental stewardship and supports marine habitat protection, management and restoration through education, scientific research and partnerships to ensure healthy marine ecosystems for generations to come.

“Yamaha is a company with deep roots in conservation and sustainability. Yamaha Rightwaters reflects those values, now on a global level, and we applaud the efforts of our Australian counterparts,” said John O’Keefe, Senior Specialist, Government Relations, Yamaha U.S. Marine Business Unit. “We hope to see the initiative continue to gain momentum in 2022 as we look to expand our project portfolio to include more marine habitat restoration, invasive species mitigation, plastics removal and recycling and carbon sequestration.”

Yamaha Rightwaters made significant strides in the U.S. in 2021. Through a new sponsorship of the Ducks Unlimited Gulf Coast Initiative, Yamaha Rightwaters now has the opportunity to support marine habitat restoration and carbon dioxide sequestration. The multi-year conservation initiative is dedicated to rebuilding wetlands lost to erosion, subsidence and sea level rise in Louisiana and Texas. Through two projects, Ducks Unlimited, Yamaha Rightwaters and other supporters will restore designated seagrass and wetland habitats and contribute to climate mitigation through a combination of protecting buried carbon and sequestering atmospheric carbon at rates up to 530 metric tons of carbon dioxide per year.

In addition, Yamaha Rightwaters launched a plastics recycling pilot program during the summer, which uses reverse logistics to return the protective covers from select boat builders, retail dealers and two of Yamaha’s boat production facilities. The materials ship to Tommy Nobis Enterprises, which separates recyclable plastics from other materials. Tommy Nobis Enterprises then ships the material to Nexus Fuels for processing into raw materials, which range from liquids to gasses and waxes. Through this pilot program, Yamaha Rightwaters pushes marine industry sustainability into a new realm of conservation.

Yamaha Rightwaters is an international sustainability program that encompasses all of Yamaha Marine’s conservation and water quality efforts. Program initiatives include habitat restoration, support for scientific research, mitigation of invasive species, the reduction of marine debris and environmental stewardship education. Yamaha Rightwaters reinforces Yamaha’s long-standing history of natural resource conservation, support of sustainable recreational fishing and water resources and Angler Code of Ethics, which requires pro anglers to adhere to principles of stewardship for all marine resources.

REMEMBER to always observe all applicable boating laws. Never drink and drive. Dress properly with a USCG-approved personal floatation device and protective gear.

© 2021 Yamaha Motor Corporation, U.S.A. All rights reserved.

This document contains many of Yamaha's valuable trademarks. It may also contain trademarks belonging to other companies. Any references to other companies or their products are for identification purposes only and are not intended to be an endorsement.

Brad Massey
Communications Manager
Yamaha U.S. Marine Business Unit
Office: (770) 701-3294
Mobile: (470) 277-9024
This email address is being protected from spambots. You need JavaScript enabled to view it.

Neal Wheaton
Wilder+Wheaton for
Yamaha U.S. Marine Business Unit
Mobile: (404) 317-0698
This email address is being protected from spambots. You need JavaScript enabled to view it.

The agreement was signed during the French President’s official visit in Qatar.

HERICOURT, France--(BUSINESS WIRE)--$ALGAU #Befastersaferandcleaner--GAUSSIN (EURONEXT GROWTH ALGAU - FR0010342329), a pioneer of clean and smart freight transport, Gam Qatar and GWC (GWCS.QA), Qatar’s leading logistics and supply chain solutions provider, have established a partnership to test Gaussin’s zero-emission electric tractors and yard automation solutions in several GWC warehouses, including GWC Al Wukair Logistic Park in Qatar.

The agreement was signed during French President Emmanuel Macron’s official visit to Qatar.

Gaussin, Gam Qatar and GWC will conduct a test in Q1 2022 of two Gaussin zero emission tractors, the ATM38T manned and the ATM38T Autonomous equipped with the robotic arm, Gaussin’s unique technology to couple and decouple the truck from the trailer, enabling a complete yard automation process.

The test will be performed at various GWC locations in Qatar including GWC Al Wukair Logistic Park.

“By combining our deep knowledge of complex yard and terminal operations with revolutionary robotics algorithms we provide effective solutions to reduce errors, improve safety and productivity. Our resources, knowledge of logistics processes, world-class partners, and technological approaches have made us an industry leader in Yard and Terminal automation, and we are glad to test our solution with GWC, one of the leading logistics companies in the Middle East and a pioneer regarding sustainable and smart logistic solutions to measure the efficiency of our system in the context of their operations,” said Christophe Gaussin, CEO of Gaussin Group.

“We were one of the first companies in the region to establish a process improvement department consisting of streamlined process engineers, our Six-Sigma professionals worked tirelessly to improve every process in order to make it more sustainable and competitive. This is the result of our expertise built over the years as a preferred logistics partner for the public and private sectors,” said Ranjeev Menon, Group CEO of GWC. “Our alliance with Gussain - Gam Qatar reflects our commitment to innovate and pioneer in the field of logistics. This partnership aligns with our sustainability goals too. By deploying electric and autonomous yard trucks in our logistics hubs, Gaussin is giving us to offer our clientele more efficient, seamless and sustainable services. We recognise Gaussin's expertise in providing world-class and technologically-advanced services and we are confident that they will add immense value to our operations and the industry standards,” he added.

Introduction in the Middle East of the “shunting process” using 100% Electric and autonomous yard trucks

The shunting process uses a specific vehicle (yard truck) to move a designated trailer to and from a predetermined location within the yard.

The road truck decouples the tractor in the staging area from the trailer and leaves the logistics center to start another mission. The trailer is then collected by the yard truck and transferred at the quay at the right time providing asset optimization and efficiency.

Within easy reach of Hamad Port and Hamad International Airport, the GWC Al Wukair Logistics Park fosters a 1.5 million square meter park dedicated to logistics and light industry infrastructure needed for the success of micro, small, medium, and large enterprises alike. With every type of warehousing, workshops, and showrooms available, as well as access to GWC’s full range of supply chain solutions.

ATM38T

ATM38T is the only native electric tractor of the market deployed at more than 45 different sites in Europe.

Build from a blank page with the largest logistic and industrial companies, the ATM provides better TCO than diesel and diesel-converted-to-electric tractors thanks to its specific design allowing simplified and reduced maintenance compared to traditional diesel trucks.

The ATM integrates industry exclusive ergonomics and safety features. The proven battery swapping system allows continuous operations without immobilization of the vehicle for charging operations.

Yard Automation

Since 2013, Gaussin has been developing its own Autonomous Driving systems for its electric, self-driving vehicles, and has integrated world class partner systems and software to provide the most efficient turnkey solution for yard and terminal automation.

Gaussin’s Autonomous driving stack includes world-class components that enable fully autonomous operations in mixed traffic within gated areas.

The Yard automation solution that will be deployed will include the latest version of Gaussin Virtual Driver®, Gaussin Fleet Management System and the embedded robotic arm.

About GWC

Established in 2004, GWC has become the leader in logistics and supply chain solutions in the State of Qatar and one of the fastest growing companies in the region. The company offers best in class logistics and supply chain services that include warehousing, distribution, logistics solutions for hazardous materials, freight forwarding, project logistics, sporting events and equestrian logistics solutions, fine art logistics, supply chain consulting services, transportation, records management, and local and international relocation services. The company provides these services, utilizing a global freight network of more than 600 offices and a solid logistics infrastructure spanning over 3.8 million square metres. GWC is the first regional supporter and official logistics provider for the FIFA World Cup Qatar 2022™.

Our Social Media handle is @gwclogistics

Get in touch

For media related inquiries, please contact us at +974 33211010 or +974 3336 8059 or by email at This email address is being protected from spambots. You need JavaScript enabled to view it.

About GAUSSIN

GAUSSIN is an engineering company that designs, assembles and sells innovative products and services in the transport and logistics field. Its know-how encompasses cargo and passenger transport, autonomous technologies allowing for self-driving solutions such as Automotive Guided Vehicles, and the integration all types of batteries, electric and hydrogen fuel cells in particular. With more than 50,000 vehicles worldwide, GAUSSIN enjoys a strong reputation in four fast-expanding markets: port terminals, airports, logistics and people mobility. The group has developed strategic partnerships with major global players in order to accelerate its commercial penetration: Siemens Postal, Parcel & Airport Logistics in the airport field, Bolloré Ports and ST Engineering in ports and Bluebus for people mobility. GAUSSIN has broadened its business model with the signing of license agreements accelerating the diffusion of its technology throughout the world. The acquisition of METALLIANCE confirms the emergence of an international group present in all segments of intelligent and clean vehicles.

In October 2021, GAUSSIN won the Dubai World Challenge for Self-Driving Transport.

GAUSSIN has been listed on Euronext Growth in Paris since 2010.

More information on www.gaussin.com.

More information on Gaussin is available on www.gaussin.com

* This document may contain forward-looking information. Such forward-looking information refers to future prospects, developments and strategies of Gaussin and is based on an analysis of expected future results and estimates of amounts that are not yet determinable to date. Forward-looking information naturally contains elements of risk and uncertainty relative to events and therefore dependent on circumstances which may or may not occur in the future. Gaussin draws your attention to the fact that forward-looking information provides no guarantee concerning its future performance or financial situation, financial results or trends in the sector in which Gaussin operates, and which may significantly differ from those proposed or suggested in the forward-looking statements contained in this presentation. Furthermore, even though the financial position of Gaussin, its performance and trends in the sector in which Gaussin operates comply with the forward-looking information contained in this presentation, such performance or trends may not be a reliable indication of the company’s future performance or prospects. Gaussin is not committed to updating or confirming analysts' expectations or estimates or to publicly correcting any information or event in order to reflect an event or circumstance eventually occurring following this presentation.

GAUSSIN
Christophe Gaussin, This email address is being protected from spambots. You need JavaScript enabled to view it.
+33(0)3.84.46.13.45

Ulysse Communication
Nicolas Daniels, This email address is being protected from spambots. You need JavaScript enabled to view it.
+33(0)6.63.66.59.22

Charles Courbet, This email address is being protected from spambots. You need JavaScript enabled to view it.
+33(0)6.28.93.03.06

LHA Investor Relations – USA
Jody Burfening, This email address is being protected from spambots. You need JavaScript enabled to view it.
(212) 838-3777

RooneyPartners - USA
Jeanene Timberlake, This email address is being protected from spambots. You need JavaScript enabled to view it.
(646) 770-8858

Location to Become the Heart of Decades-Long Offshore Wind Build-Out

NEW YORK--(BUSINESS WIRE)--Equinor today announced the opening of the New York offshore wind project office, located in Sunset Park’s Industry City neighborhood adjacent to the South Brooklyn Marine Terminal. The project office will serve as the hub for Equinor and bp’s large-scale offshore wind operations in the region, including Empire Wind and Beacon Wind. Together, Empire Wind 1 and 2 and Beacon Wind 1 are poised to provide 3.3 gigawatts of renewable power to New York, enough to power approximately 2 million homes. Empire Wind and Beacon Wind are being developed by Equinor and bp through their 50/50 strategic partnership in the US.

The opening of the project office marks a significant milestone in Equinor’s commitment to bringing an exciting new industry to the state and region that is set to last for decades. The event was attended by His Royal Highness, Crown Prince Haakon of Norway, and the Norwegian Minister of Trade and Industry Jan Christian Vestre. In addition, Doreen Harris, President and CEO of the New York State Energy Research and Development Authority (NYSERDA), Elizabeth Yeampierre, Executive Director of UPROSE, Brooklyn's oldest Latino community-based organization and co-chair of the Climate Justice Alliance, Eden Chan, student at Macaulay Honors College and Shore Corps Leader for the Rockaway Initiative for Sustainability and Equity (RISE), and Phil Cochrane, Head of State Affairs & Third Party Advocacy, bp Americas, spoke at the event.

“We would not have achieved this exciting benchmark in the growth of our U.S. offshore wind initiative were it not for the support of New York State and the people in this community,” said Equinor Wind US President, Siri Espedal Kindem, who presided over today’s ribbon-cutting ceremony. “The office is the cornerstone for our vision of developing an exciting new industry in New York, in the United States, and beyond. Going forward, the success of this industry must not only be measured by the amount of renewable power it provides, but also by the impact it has in sparking fresh economic activity and creating enduring jobs. We are thrilled to be taking on this important work.”

Doreen M. Harris, President and CEO, NYSERDA said: “As New York solidifies its place as the nation’s leader in offshore wind, we are pleased to see Equinor affirming its commitment to our state and its workforce. Equinor’s investments and partnership are critical vehicles for advancing our climate and clean energy goals, and we look forward to continuing our shared efforts to seize this once in a generation opportunity to truly change the energy system and create thousands of family-sustaining jobs.”

The New York project office will support the development of Empire Wind and Beacon Wind. The office will also be home to an offshore wind learning center that will provide New Yorkers an opportunity to learn about this growing new industry. As the projects progress over the coming years, around 20 dedicated staff members will be based in the office. The office will be built out by a local New York contractor and is set to open for day-to-day operations in 2022.

ABOUT EQUINOR RENEWABLES US

Equinor is one of the largest offshore wind developers in the U.S., where it operates two lease areas, Empire Wind and Beacon Wind. The projects plan to provide New York State with 3.3 gigawatts (GWs) of energy—enough to power nearly two million homes—including more than 2 GWs from Empire Wind and 1,230 megawatts from Beacon Wind 1.

ABOUT EMPIRE WIND

Empire Wind will be a major contributor to meeting New York State’s ambitious clean energy and climate goals. When completed, Empire Wind will power more than 1 million New York homes. Empire Wind is located 15-30 miles southeast of Long Island and spans 80,000 acres, with water depths of between 65 and 131 feet. The lease was acquired in 2017 and is being developed in two phases (Empire Wind 1 and 2) with a total installed capacity of more than 2 GW (816 + 1,260 MW).

ABOUT BEACON WIND

Beacon Wind is planned for an area of 128,000 acres in federal waters between Cape Cod and Long Island. The lease area was acquired in 2019 and is being developed in two phases. Beacon Wind 1 is on track to deliver 1.2 GW of renewable energy directly to New York City in the late 2020s – enough to power 1 million homes. Beacon Wind 2 has the capacity to generate another 1.2 GW of clean energy for consumers in the US Northeast.

Lauren Shane
This email address is being protected from spambots. You need JavaScript enabled to view it.
(917) 392-4252

DALLAS--(BUSINESS WIRE)--Amen Properties, Inc. (Pink Sheets: AMEN) today announced financial results for its fiscal quarter ended September 30, 2021. The Company posted quarterly revenue of $1.1 million and net income of $641 thousand. These results compare to revenue of $301 thousand and net income of $98 thousand for the same quarter last year. The Company’s improvement in profitability was caused primarily by increased oil and gas revenue resulting from improved market conditions versus 2020 when the pandemic dramatically decreased demand.

Amen also announced that the Company’s Board of Directors has approved the payment of a quarterly dividend of $7.50 per share, to be paid on December 30, 2021, to shareholders of record as of the close of business on December 23, 2021.

Finally, Amen reiterated that its Board has approved a plan whereby the Company will no longer hedge the revenue stream associated with its oil and gas royalties. “Shareholders of Amen need to understand that they hold an un-hedged long oil and gas position and should pursue their own hedging strategy if they are uncomfortable with that risk,” said Kris Oliver, Amen’s Chief Financial Officer.

The Company’s 2021 third quarter report is available for viewing or download from the company’s web site – www.amenproperties.com.

About Amen Properties:

Amen Properties owns a portfolio of cash-producing properties including real estate and oil and gas interests.

Cautionary Statement:
This document contains forward-looking statements, which involve a number of risks and uncertainties that could cause our actual results to differ materially from those reflected in the forward-looking statements. Forward-looking statements can be identified by use of the words "expect," "project," "may," "might," potential," and similar terms. AMEN Properties, Inc. ("Amen", "we" or the "Company") cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Amen's control. These factors include, but are not limited to, our ability to implement our strategic initiatives, economic, political and market conditions and price fluctuations, government and industry regulation, U.S. and global competition and other factors. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

Press and Investor Relations Contact:
Kris Oliver
(972) 999-0494

Ski resort in rural Maine embraces sustainability as part of its comprehensive economic revitalization plan

BOSTON--(BUSINESS WIRE)--#cleanenergy--Saddleback Mountain Ski Resort (“Saddleback”), owned by Arctaris Impact Investors, LLC (“Arctaris”), has engaged with Nexamp for the construction of a new 31-acre community solar farm on its property that will generate 7.36 MW of clean energy. The solar project will offset more than 14 million pounds of carbon annually while reducing Saddleback’s energy costs and adding new operational revenue through a long-term lease agreement.

Arctaris, an Impact Investment group that purchased Saddleback in 2020, is making substantial improvements to the mountain and helping to restore the business as a major employer and destination in the region. Among its many improvements, Arctaris has installed a new detachable quad chairlift, a new high-speed T-Bar, two additional surface lifts, new snowmaking equipment, a new groomer fleet and a renovated base lodge. A new mid-mountain restaurant-lodge is under construction.

In exploring options to strengthen the economics and environmental profile of Saddleback, Arctaris identified solar development as a sensible way to improve its approach to powering the mountain. Saddleback led the development effort which included site selection, permitting, and obtaining an interconnection agreement with Central Maine Power. Saddleback is now partnering with Nexamp, which will construct and operate the solar farm.

“Saddleback has a long history in Maine as a family destination that has provided important economic, employment and recreational opportunities in western Maine,” said Jonathan Tower, Founder and Managing Partner of Arctaris. “We are committed to positioning Saddleback for long-term sustainability, both economic and environmental. With this project, Arctaris is significantly advancing both of those goals.”

Under Maine’s Net Energy Billing program enacted by the Mills administration in 2019, the community solar farm will generate clean energy that is sent directly to the Central Maine Power (CMP) grid, providing credits for subscribers to help reduce their annual electric expense. As the host of the solar farm, Saddleback stands to benefit directly as an anchor tenant for the bill credits generated. Other businesses in CMP territory also are able to enroll in Nexamp’s program for energy savings.

Saddleback took great care in selecting the location for the solar farm, a site that comprises less than one percent of Saddleback’s real estate. “As stewards of a remarkable piece of western Maine real estate, it was very important to us to fit this renewable energy project in harmoniously with its surrounding natural beauty,” said Tom Federle, Saddleback’s General Counsel who led the development of the project. “Our Mountain Operations Director, Jared Emerson, who knows every inch of the Saddleback property, was the one who found the perfect site.”

“The Saddleback project is representative of the very real benefits available to businesses in proactively addressing the climate challenge,” said John Murphy, Nexamp Senior Vice President of Corporate Development. “In pursuing this initiative, the resort is helping to achieve Maine’s ambitious renewable deployment and decarbonization goals while controlling operating costs and generating meaningful revenue for additional capital improvements. We’re thrilled to partner with the Arctaris team to help make their vision a reality for the Saddleback community.”

Construction on the solar farm is expected to begin in early 2022 and is on track to be generating clean energy for the CMP grid by the start of the 2022-23 ski season.

Additional capacity remains on Nexamp projects across multiple markets and utility service territories. Businesses interested in learning more about the commercial offtake program should visit https://www.nexamp.com/power-purchase-agreements/.

About Nexamp

Nexamp is leading the transformation to the new energy economy with proven solar and storage solutions that make clean energy more accessible for our customers and partners. Our comprehensive solar and energy storage capabilities—including project development and acquisition, design, construction, and operations—enable clean energy savings and benefits for more customers. Nexamp’s industry-leading community solar platform makes solar an option for anyone, offering guaranteed savings on annual electricity costs. With more than 300 MW of renewable energy generating assets currently in operation, we are building a decarbonized energy future.

For more information on Nexamp, visit www.nexamp.com or for press inquiries contact Keith Hevenor, This email address is being protected from spambots. You need JavaScript enabled to view it., 978-496-0098.

About Arctaris Impact Investors

Arctaris Impact Investors, LLC is a Boston-based impact investment firm with experience spanning more than 12 years and six funds, with both debt and Opportunity Zone equity investments. The firm manages funds which invest in growth-oriented operating businesses and community infrastructure projects located in underserved communities. Founded in 2009, Arctaris has partnered with the Kresge Foundation, Harvard Business School Professor Michael Porter’s Initiative for a Competitive Inner City, and multiple other foundation, federal and state government agencies to invest in Opportunity Zones, inner cities and targeted rural communities throughout the U.S., with the aim of delivering above-market investment returns alongside positive social impact.

For more information on Arctaris, visit www.arctaris.com or for press inquiries contact Jane Moncrief, This email address is being protected from spambots. You need JavaScript enabled to view it., 202-868-9005.

Copyright 2021 Nexamp Inc.

Jane Moncrief
This email address is being protected from spambots. You need JavaScript enabled to view it.

SANTA MONICA, Calif--(BUSINESS WIRE)--Trinity Fruit Company is one of the premier growers, packers and shippers of fresh fruits in California’s Central Valley. They feature a full line of California fruits supported by a network of worldwide growers. Committed to practicing sustainable agriculture and production, their facility has been outfitted with motion sensor lighting and solar panels to displace nearly 100% of the company’s electricity.

With zero dollars down from Trinity, Scale Microgrid Solutions will deploy their Rapid Response Modular Microgrid (R2M2), incorporating solar, energy storage, smart controls, and backup dispatchable generation to provide clean resilience and further reduce the overall environmental footprint of the facility. Scale’s platform has been designed with simplicity in mind. Components are manufactured and tested off site and integrated seamlessly with the facility.

Scale will build on to the existing 1320 kW solar PV system with an additional 490 kW. They will also incorporate a 1,072 kW/2,145 kWh battery energy storage system and a 1200 kW dispatchable natural gas system.

The service agreement will not only provide uninterruptible power and sustainability but will also save Trinity over $3 million dollars during the scope of the contract.

Tim Hade, Co-Founder and COO of Scale Microgrid Solutions says, “California is currently facing multiple crises including some of the largest ever wildfires and extreme heat waves leading to an energy shortage. Because of this, we are commissioning R2M2 in California at record speed. By partnering with Trinity Fruit Company, we’re able to be a solution to the problem of increasing demand for food needing to be met with increasing energy reliability and efficiency.”

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

Nicole Green
Director, Marketing and Branding
Scale Microgrid Solutions
This email address is being protected from spambots. You need JavaScript enabled to view it.