FORT WORTH, Texas--(BUSINESS WIRE)--FTS International, Inc. (NYSE American: FTSI) announced today that its management will be presenting at the Barclays CEO Energy-Power Conference to be held virtually from September 8-10, 2021.
Michael Doss, Chief Executive Officer, is scheduled to present on Friday, September 10, 2021, at approximately 10:20 a.m. Eastern Time (9:20 a.m. Central Time). An accompanying slide presentation will be available on September 8, 2021 in the Investor Relations section of FTS International Inc.’s website at www.FTSI.com.
About FTS International, Inc.
Headquartered in Fort Worth, Texas, FTS International is a pure-play hydraulic fracturing service company with operations across multiple basins in the United States.
For more information about FTS International, Inc. or this event, please contact FTSI Investor Relations at This email address is being protected from spambots. You need JavaScript enabled to view it..
FTS International, Inc.
Lance Turner
Chief Financial Officer
817-862-2000
SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) announced today it is making a commitment of $3 million to support relief and recovery efforts underway in the communities affected by Hurricane Ida.
“As a major employer and longtime partner in several Gulf Coast communities, Chevron is fully committed to helping the region recover from the impacts of Hurricane Ida,” said Brad Middleton, vice president of Chevron North America Exploration and Production Company's Gulf of Mexico Business Unit, which is headquartered in Covington, Louisiana. “We understand that these resources are vital to support the needs of our communities. There is significant recovery work to be done, and Chevron stands by our fellow Louisiana residents through this difficult time.”
American Red Cross, Catholic Charities and Team Rubicon will each receive a $500,000 donation to support immediate relief efforts throughout the impacted region, including Jefferson, Lafourche, Terrebonne, St. Charles, Orleans, Plaquemines and St. Tammany parishes, and others. The remaining $1.5 million will be distributed across local organizations focused on disaster relief. In addition, the company will match qualifying donations to hurricane relief efforts made by employees and retirees, as well as provide financial contributions to organizations where employees volunteer. Together, this financial assistance aims to help Chevron’s employees, families and communities during times of need.
Organizations like the American Red Cross, Catholic Charities and Team Rubicon are key partners in delivering that assistance. “Thanks to Chevron’s generous support, the Red Cross, alongside our partners, is able to shelter and support thousands of families impacted by Hurricane Ida,” said Don Herring, chief development officer at the American Red Cross. “We are proud to count on partners like Chevron as we work together to provide much-needed comfort and care to help people in need.”
“For decades, Catholic Charities has responded to the needs of the community after natural disasters,” said Sister Marjorie Hebert, president and CEO of Catholic Charities of the Archdiocese of New Orleans. “As we prepare to respond to short- and long-term needs in the community, we are so grateful for Chevron’s commitment to Louisiana and that they have entrusted us with the funding to be able to help people after Hurricane Ida.”
“Chevron’s support of Team Rubicon is truly an incredible investment in Louisiana’s recovery, especially as we begin to understand the extent of the damage left by Hurricane Ida,” says Art delaCruz, chief executive officer of Team Rubicon. “This partnership will allow our Greyshirt volunteers to make an even greater impact as we assist communities in recovering after the storm.”
Chevron has been producing and delivering energy in Louisiana and the Gulf of Mexico for more than 80 years. Its Gulf Coast-based workforce supports offshore operations in the Gulf of Mexico, Chevron Pipeline Company in Port Fourchon and the Chevron Oronite Company’s Oak Point plant. The company also operates the Chevron Pascagoula Refinery in Mississippi, and with its marketers, Americas Fuels and Lubricants has Chevron- and Texaco-branded retail stations across the Gulf Coast region.
About Chevron
Chevron is one of the world’s leading integrated energy companies. We believe affordable, reliable and ever-cleaner energy is essential to achieving a more prosperous and sustainable world. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry. To advance a lower-carbon future, we are focused on cost-efficiently lowering our carbon intensity, increasing renewables and offsets in support of our business, and investing in low-carbon technologies that enable commercial solutions. More information about Chevron is available at www.chevron.com.
About American Red Cross
The American Red Cross shelters, feeds and provides comfort to victims of disasters; supplies about 40 percent of the nation's blood; teaches skills that save lives; distributes international humanitarian aid; and supports veterans, military members and their families. The Red Cross is a nonprofit organization that depends on volunteers and the generosity of the American public to deliver its mission. For more information, please visit redcross.org or cruzrojaamericana.org, or visit us on Twitter at @RedCross.
About Catholic Charities
Catholic Charities has served the region since 1727. We help our neighbors meet immediate needs and face long-term challenges. We steward our resources with transparency and efficiency. Together, we create a community where everyone is able to live with dignity and hope. Please visit ccano.org for more information.
About Team Rubicon
Team Rubicon serves communities by mobilizing veterans to continue their service by leveraging their skills and experience to help people prepare, respond, and recover from disasters and humanitarian crises. Founded following the Haiti earthquake in 2010, the organization has grown to almost 150,000 volunteers across the United States and has launched over 800 operations both domestically and internationally. Amidst the COVID-19 outbreak, Team Rubicon has not only pivoted to be able to continue to deliver disaster response and rebuild services in core mission areas but has also expanded their scope of missions to meet community needs brought about by COVID. Visit www.teamrubiconusa.org for more information.
Veronica Flores-Paniagua, +1 713-213-3082
AKRON, Ohio--(BUSINESS WIRE)--$BW #carboncapture--Babcock & Wilcox Enterprises, Inc. ("B&W") (NYSE: BW) has been invited to present at the 10th Annual Gateway Conference, which is being held virtually on September 8-9, 2021.
Kenneth Young, B&W’s Chairman and Chief Executive Officer, and Louis Salamone, B&W’s Chief Financial Officer, are scheduled to present on September 9 at 11:30 a.m. Eastern time. The presentation will be webcast live and available for replay here.
To receive additional information, please email This email address is being protected from spambots. You need JavaScript enabled to view it..
About the Gateway Conference
For the past nine years, the Gateway Conference has engaged the management teams of nearly 800 public and private growth companies, and thousands of institutional investors, sell-side analysts and sponsoring investment bankers. Past attendees have valued the event for its direct access to high-quality companies and investors. Follow the Gateway Conference on Twitter and join the conversation using the #GatewayIRConference hashtag. For more information, visit gateway-grp.com/conference/.
About B&W Enterprises
Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises is a leader in energy and environmental products and services for power and industrial markets worldwide. Follow us on LinkedIn and learn more at www.babcock.com.
Investor Contact:
Megan Wilson
Vice President, Corporate Development & Investor Relations
Babcock & Wilcox
704.625.4944 | This email address is being protected from spambots. You need JavaScript enabled to view it.
Media Contact:
Ryan Cornell
Public Relations
Babcock & Wilcox
330.860.1345 | This email address is being protected from spambots. You need JavaScript enabled to view it.
SAN ANTONIO--(BUSINESS WIRE)--The board of directors of NuStar Energy L.P. (NYSE: NS) announced the retirement of James “Fully” Clingman, Jr., effective October 27, 2021.
“We are truly grateful for Fully’s service and commitment to NuStar for the last 15 years,” said Bill Greehey, NuStar’s chairman of the board. “He has been a tremendous asset to our board and to our company as he is not only a strong business and civic leader, but also a caring individual who really understands the importance of our unique culture that values all stakeholders. Because of his personal values and his vast experience in running a large corporation, we could always count on Fully to provide calm, thoughtful advice that unfailingly considered the impact of the board’s decisions on all parties, especially those that related to our employees. So it is no surprise that he is widely revered by our employees, fellow board members and all who have known and worked with him over the years.
“We sincerely appreciate all that he has done for NuStar and our community, and we will miss him greatly but wish him all the best in his retirement.”
Clingman became a director of NuStar GP, LLC in July 2018. He previously served as a director of NuStar GP Holdings, LLC from December 2006 to July 2018. From 1984 through 2003, Clingman served as the President and Chief Operating Officer of HEB Grocery Company. He also served on the board of HEB from 1984 through 2008. From 2003 through June 2010, Clingman served on the Board of Directors of CarMax, a publicly held NYSE-listed company. He also has served as Chairman of the Board of Directors of three privately held food manufacturing companies owned by Silver Ventures Inc. since 2005.
“As one of San Antonio's most respected business and community leaders, we have been very fortunate to benefit from Fully’s knowledge and leadership,” said NuStar president and CEO Brad Barron. “He not only brought significant business expertise and acumen, but far more importantly, he is the ultimate role model for personal integrity in all that he does. This combination made him the ideal board member in every respect. We will miss his caring nature, quick wit and affable personality, which endeared him to not only everyone on our board, but also to everyone at NuStar and in our community.”
“It is with mixed emotions that I have made the very difficult decision to retire from NuStar’s board of directors,” said Clingman. “NuStar’s board and leadership team have developed a very special culture and work environment with a strong commitment to excellence, safety, and environmental stewardship, not to mention their unparalleled commitment to the community and their employees. Watching Bill Greehey lead this company has been one of the most educational and inspirational opportunities of my lifetime. And I will miss serving alongside such outstanding fellow board members. It has been a great honor to have served on the board of one of the most exceptional companies in America. My wish is for NuStar to continue to be the shining example of how a business can achieve tremendous success while serving all of its many stakeholders.”
The board of directors also announced the additions of Ed Grier and Martin Salinas, Jr. to the board on August 31, 2021.
Grier has served as the Dean of the Leavey School of Business at Santa Clara University in California since July 2021. From March 2010 to June 2021, he served as the Dean of the Virginia Commonwealth University (“VCU”) School of Business. Prior to joining VCU, Grier spent approximately 29 years with the Walt Disney Company beginning in 1981, serving as the President of the Disneyland Resort from 2006 until 2010. Grier held various other senior financial and operational roles during his career with Disney. He has served as a director of both Witt/Kiefer and Capital Senior Living Corporation since 2016. Previously, he served as a director of NVR, Inc. from 2013 to 2020.
Salinas served as Chief Executive Officer of Phase 4 Energy Partners from October 2015 to December 2017 and as Chief Financial Officer of Energy Transfer Partners, L.P. from June 2008 through April 2015. He joined Energy Transfer Partners, L.P. in 2004 and served as Controller and Vice President of Finance until being appointed as Chief Financial Officer in 2008. In addition to serving as Chief Financial Officer for Energy Transfer Partners, L.P., Salinas also served as Sunoco Logistics, L.P.’s Chief Financial Officer and a member of the Board of Directors from October 2012 to April 2015 and as a member of the Board of Directors for Sunoco Partners, L.P. from March 2014 until April 2015. Prior to joining Energy Transfer Partners, L.P., Salinas worked at KPMG, LLP from September 1994 through August 2004, serving audit clients primarily in the Oil and Gas industry. He has also served as a director of Green Plains Partners LP since July 2018 and served as a director of Noble Midstream Partners LP from October 2016 until it was acquired in May 2021.
“We are excited to be bringing aboard Ed and Martin as they are both accomplished, distinguished and respected leaders in their fields of expertise who bring pertinent and relevant experience to our board that will help NuStar achieve its strategic goals and help us maintain the culture that has been so important to our success,” said Greehey.
About NuStar
NuStar Energy L.P., a publicly traded master limited partnership based in San Antonio, Texas, is one of the largest independent liquids terminal and pipeline operators in the nation. NuStar currently has approximately 10,000 miles of pipeline and 73 terminal and storage facilities that store and distribute crude oil, refined products, renewable fuels, ammonia and specialty liquids. The partnership’s combined system has approximately 72 million barrels of storage capacity, and NuStar has operations in the United States, Canada and Mexico. For more information, visit NuStar Energy L.P.’s website at www.nustarenergy.com and its Sustainability page at www.nustarenergy.com/Sustainability.
Mary Rose Brown
210-918-2314
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HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) ("Valaris" or the "Company") today announced that interim President and Chief Executive Officer Anton Dibowitz will present at the Barclays CEO Energy-Power virtual conference on Wednesday, September 8, 2021, beginning at 12:05 pm EDT.
Investor materials to be used during the conference will be available on Valaris’ website at www.valaris.com the morning of the event. A live webcast will be available at the time of the presentation in the "Investors – Events & Presentations" section of the Company’s website www.valaris.com. A replay of the presentation will be available for one year following the completion of the conference.
The Company has also posted a separate ARO Drilling investor presentation to the "Investors" section of the Valaris website, which can be found using the links above. ARO Drilling is a 50/50 joint venture between Valaris and Saudi Aramco that owns and operates jackup drilling rigs in the Kingdom of Saudi Arabia.
About Valaris
Valaris Limited (NYSE: VAL) is the industry leader in offshore drilling services across all water depths and geographies. Operating a high-quality rig fleet of ultra-deepwater drillships, versatile semisubmersibles and modern shallow-water jackups, Valaris has experience operating in nearly every major offshore basin. Valaris maintains an unwavering commitment to safety, operational excellence, and customer satisfaction, with a focus on technology and innovation. Valaris Limited is a Bermuda exempted company (Bermuda No. 56245). To learn more, visit our website at www.valaris.com.
Investor & Media Contact:
Tim Richardson
Director - Investor Relations
+1-713-979-4619
BOSTON--(BUSINESS WIRE)--#HomeOfTheFuture--Schneider Electric, the leader in digital transformation of energy management and automation, announces a robust roadmap for its Matter-compliant smart home solutions, committing to being among the first group of Matter-compliant devices immediately after the standard is approved. Schneider also plans to bridge its Wiser smart home ecosystem with Matter-connected systems by the same time.
As a board member of the Connectivity Standards Alliance (CSA) and an active contributor to the Matter protocol development, Schneider believes that interoperability is the key for homes and buildings of the future. Matter builds upon market-proven technologies and best practices, and is the industry-unifying standard that aims to simplify connected experiences and provide greater interoperability in smart homes and buildings. By integrating technologies such as renewable energy generation and EV charging that are rapidly being adopted, Matter compliance can help in supporting the Schneider Electric sentiment around the sustainable future for our homes, and help pave a pathway to self-sufficient, net zero homes, while reducing e-waste and improving circularity.
The Schneider Electric Matter implementation roadmap includes:
Jai Thampi, SVP for Strategy and Innovation in the Home and Distribution Division, Schneider Electric said: “By ensuring smart home technology supports Matter – anticipated to be a widely accepted connectivity language – we will achieve much more than device compatibility and effortless comfort for the homeowner. Interoperability among connected products will be at the heart of making our homes, offices, and entire cities more sustainable, more energy efficient, and more resilient in the face of the global threat of climate change. I firmly believe that Matter is an important project for the future of smart home, and we are committed to making it successful in the long run, while innovating at scale. Open, global standards such as Matter are essential for improving consumer experience, while ensuring a smart and sustainable connected future.”
About Schneider Electric
Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.
Our mission is to be your digital partner for Sustainability and Efficiency.
We drive digital transformation by integrating world-leading process and energy technologies, endpoint to cloud connecting products, controls, software, and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.
We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.
Follow us on: Twitter | Facebook | LinkedIn | YouTube | Instagram | Blog
Hashtags: #Matter #HomeOfTheFuture #OpenIoT
*all qualified Matter gateways
Thomas Eck
Schneider Electric
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NEW YORK--(BUSINESS WIRE)--MRMP-Managers LLC (“MRMP”), announced today that it has sent a follow-up letter to the Board of Directors of Navios Maritime Partners LP (the “Company” or “NMM”) (NYSE: NMM) following the announcement by the Company of certain transactions.
Ned Sherwood, MRMP’s investment manager, noted that: “although MRMP has not sold any NMM limited partnership interests, we have amended our 13D beneficial ownership report following the dilutive issuance of 6,400,873 limited partnership interests in the Company’s ongoing ATM securities offering over the past several months. This new issuance has reduced our holdings from approximately 5.8% to 4.4% of the Company’s outstanding limited partnership interests.”
MRMP has attached a copy of its second letter to the Company as an exhibit to the 13D amendment filed today. This letter details MRMP’s views regarding the Company’s recent transactions and reiterates several suggestions set forth in the initial letter, along with an additional proposal that MRMP believes would significantly reduce the current discount to net asset value at which NMM trades: the merger of Angeliki Frangou’s private ship management company into NMM.
Mr. Sherwood noted that: “In addition to being the CEO of NMM, Angeliki privately owns a ship management entity that collects commissions on ship purchases and sales and also earns management fees for operating the ships. Her incentives are therefore to grow the fleet by buying more ships. As an LP in NMM, we are wondering why any rational business person would buy individual ships when they are immediately valued at approximately 50 percent of cost at the NMM LP unit price. It would certainly seem that when a private entity earns income by growing the fleet and a related public entity trades 100 percent dollars for ships valued at 50 percent of its market price, a conflict of interest can easily arise.”
Mr. Sherwood went on to state “We would propose that Angeliki Frangou merge her private entity with NMM at an appropriate valuation, so that all LP and GP investors’ incentives are better aligned and we can all row in the same direction. In my opinion, such action would immediately cause an upward revaluation of NMM assets and interest price.”
All limited partnership interest holders in NMM are encouraged to read MRMP’s latest 13D amendment in full. Any questions or comments may be directed to Mr. Sherwood. Limited partnership interest holders are also welcome to copy Angeliki Frangou on such correspondence. To date no one from the Company, including Angeliki Frangou, has responded to MRMP’s initial letter, and the Company appears to be ignoring the many value-add suggestions and recommendations of its LP holders.
Cautionary Statement Regarding Forward-Looking Statements
This press release and MRMP’s follow-up letter to NMM (attached as an exhibit to the Schedule 13D/A filed today) contain forward-looking statements. All statements that are not clearly historical in nature or that necessarily depend on future events are forward-looking, and the words “anticipate,” “believe,” “expect,” “estimate,” “plan,” and similar expressions are generally intended to identify forward-looking statements. These statements are based on the current expectations of MRMP and its affiliates and currently available information. They are not guarantees of future performance, involve certain risks and uncertainties that are difficult to predict, and are based upon assumptions as to future events that may not prove to be accurate. Accordingly, readers should not place undue reliance on forward looking information. MRMP and its affiliates do not assume any obligation to update any forward-looking statements contained in this press release, except as required by applicable law.
Ned L. Sherwood
(772) 257-6658
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AMES, Iowa--(BUSINESS WIRE)--$REG #REG--Renewable Energy Group, Inc. (Nasdaq:REGI) is issuing the following statement from President and CEO, Cynthia ‘CJ’ Warner regarding the status of its renewable diesel plant located in Geismar, Louisiana following Hurricane Ida:
“We are grateful that all team members are safe and accounted for following Hurricane Ida. In advance of the hurricane’s landfall, our local team brought down the plant in a safe and secure manner.
Although the storm caused major power outages in Ascension Parish, power has now been restored and the REG plant shows no significant visible damage. The team are recommissioning the plant today and will be initiating and ramping up production as full utilities become available.”
About Renewable Energy Group
Renewable Energy Group, Inc. is leading the energy and transportation industries’ transition to sustainability by transforming renewable resources into high-quality, sustainable fuels. Renewable Energy Group is an international producer of sustainable fuels that significantly lower greenhouse gas emissions to immediately reduce carbon impact. Renewable Energy Group utilizes a global integrated procurement, distribution and logistics network to operate 12 biorefineries in the U.S. and Europe. In 2020, Renewable Energy Group produced 519 million gallons of cleaner fuel delivering 4.2 million metric tons of carbon reduction. Renewable Energy Group is meeting the growing global demand for lower-carbon fuels and leading the way to a more sustainable future.
Note Regarding Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including restarting production at our Geismar facility. These forward-looking statements are based on current expectations, estimates, assumptions and projections that are subject to change, and actual results may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, damage to the Geismar facility that may be discovered during the startup process, the availability of utilities, including hydrogen and steam, from third parties that have not yet resumed operations following the storm, and other risks and uncertainties described in REG’s annual report on Form 10-K for the year ended December 31, 2020 and subsequently filed Form 10-Q and other periodic filings with the Securities and Exchange Commission. All forward-looking statements are made as of the date of this press release and REG does not undertake to update any forward-looking statements based on new developments or changes in our expectations.
Katie Stanley
Renewable Energy Group
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(515) 239-8184
HOUSTON--(BUSINESS WIRE)--Ranger Energy Services, Inc. (NYSE: RNGR) (the ”Company”) today announced that Stuart Bodden has been named as President and Chief Executive Officer (“CEO”), effective September 1, 2021. Stuart has also been appointed to the board of directors.
Bill Austin, stated, “I am pleased that Stuart will be joining Ranger. He brings a deep knowledge of the oil service business and a track record of operational success. The Board of Directors looks forward to Stuart joining the management team.” Stuart will succeed Bill Austin, who has been acting as the Company’s interim CEO.
Stuart commented, “I look forward to joining the Ranger leadership team and continuing the Company’s strategic growth and consolidation plans.”
Bodden has over 20 years of oil field experience in companies throughout the United States and Southeast Asia. Bodden received his Bachelor of Science degree from Brown University and his Master of Business Administration from the University of Texas, Austin.
About Ranger Energy Services, Inc.
Ranger is an independent provider of well service rigs and associated services in the United States, with a focus on unconventional horizontal well completion and production operations. Ranger also provides services necessary to bring and maintain a well on production. The Processing Solutions segment engages in the rental, installation, commissioning, start-up, operation and maintenance of MRUs, Natural Gas Liquid stabilizer and storage units and related equipment.
Cautionary Statement Concerning Forward-Looking Statements
Certain statements contained in this press release constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements represent Ranger’s expectations or beliefs concerning future events, and it is possible that the results described in this press release will not be achieved. These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of Ranger’s control that could cause actual results to differ materially from the results discussed in the forward-looking statements.
Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, Ranger does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for Ranger to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in our filings with the Securities and Exchange Commission. The risk factors and other factors noted in Ranger’s filings with the SEC could cause its actual results to differ materially from those contained in any forward-looking statement.
J. Brandon Blossman
Chief Financial Officer
(713) 935-8900
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PARIS & ARNHEM, the Netherlands & NEW YORK--(BUSINESS WIRE)--Allego Holding B.V. (“Allego” or “the “Company”), a leading pan-European electric vehicle charging network, announced today that it will present at Cowen’s 14th Annual Global Transportation & Sustainable Mobility Conference. Members of management will present on Friday, September 10, at 8:00 am ET. A webcast of the event will be available at the link HERE.
Allego has previously announced that it entered into a business combination agreement with Spartan Acquisition Corp. III (NYSE: SPAQ) (“Spartan”), a special purpose acquisition company (SPAC), pursuant to which Allego will combine with Spartan.
About Allego
Allego delivers charging solutions for electric cars, motors, buses and trucks, for consumers, businesses and cities. Allego’s end-to-end charging solutions make it easier for businesses and cities to deliver the infrastructure drivers need, while the scalability of our solutions makes us the partner of the future. Founded in 2013, Allego is a leader in charging solutions, with an international charging network comprised of more than 26,000 charge points operational throughout Europe – and growing rapidly. Our charging solutions are connected to our proprietary platform, EV-Cloud, which gives us and our customers a full portfolio of features and services to meet and exceed market demands. We are committed to providing independent, reliable and safe charging solutions, agnostic of vehicle model or network affiliation. At Allego, we strive every day to make EV charging easier, more convenient and more enjoyable for all.
About Spartan Acquisition Corp. III
Spartan Acquisition Corp. III is a special purpose acquisition entity focused on the energy value-chain and was formed for the purpose of entering into a merger, amalgamation, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Spartan is sponsored by Spartan Acquisition Sponsor III LLC, which is owned by a private investment fund managed by an affiliate of Apollo Global Management, Inc. (NYSE: APO). For more information, please visit www.spartanspaciii.com.
Forward-Looking Statements.
This communication includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Spartan Acquisition Corp. III’s (“Spartan”) and Allego Holding B.V.’s, a Dutch private limited liability company (“Allego”), actual results may differ from their expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions (or the negative versions of such words or expressions) are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, Spartan’s and Allego’s expectations with respect to future performance and anticipated financial impacts of the proposed business combination, the satisfaction or waiver of the closing conditions to the proposed business combination, and the timing of the completion of the proposed business combination.
For Allego
Investors
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Media
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DUBLIN--(BUSINESS WIRE)--The "Passenger Car Motor Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The global passenger car motor oil market reached a volume of 8,642 Kilotons in 2020. Looking forward, the publisher expects the market to exhibit stable growth during 2021-2026.
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Passenger car motor oil, or PCMO, helps in protecting and improving the overall functioning of engines in passenger cars. The motor oil lubricates the internal combustion engines which reduces the friction created in the moving parts. Passenger car motor oils are made from a combination of base oils that are obtained from petroleum-based hydrocarbons. These oils prevent the occurrence of corrosion and rust as well as obstruct the formation of deposits in the engine.
On account of factors such as increasing population, rising income levels, improving road infrastructure, etc., the sales of passenger cars are rising across both developed and developing regions. This has created a positive impact on the demand of passenger car motor oils. Moreover, across developed regions like Europe and North America, consumers are becoming aware of the benefits offered by high-quality motor oils. For instance, there has been a shift among consumers form mono-grade to multi-grade oils, which offer improved pumpability, mileage and performance efficiency in cold start-up temperatures by reducing the startup lead time. Moreover, passenger car motor oils also provide benefits in terms of reduction of friction and wear, equipment protection, temperature control, increased lifespan and efficiency, and enhance the reliability of engine components.
Competitive Landscape:
The report has also analysed the competitive landscape of the market along with the profiles of the key players.
Key Questions Answered in This Report:
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Passenger Car Motor Oil Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Viscosity Grade
5.5 Market Breakup by Type
5.6 Market Breakup by Region
5.7 Market Forecast
6 Market Breakup by Viscosity Grade
7 Market Breakup by Type
8 Market Breakup by Region
9 SWOT Analysis
10 Value Chain Analysis
11 Porters Five Forces Analysis
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/m2yq76
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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SAN FRANCISCO--(BUSINESS WIRE)--CAI International, Inc. (NYSE: CAI) (“CAI” or the “Company”), one of the world’s leading transportation finance companies, announced today that the Company’s common stockholders, at a special meeting of the Company’s common stockholders held earlier today (the “Special Meeting”), voted to adopt the previously announced merger agreement for the acquisition of the Company by Mitsubishi HC Capital Inc. (“MHC”). Under the terms of the merger agreement, the Company’s common stockholders will be entitled to receive $56.00 per share in cash at the closing of the acquisition. The transaction is expected to close in the late third quarter or early fourth quarter of 2021.
Upon completion of the acquisition, CAI will become privately held as a wholly-owned subsidiary of MHC.
According to the final voting results, approximately 75% of the Company’s outstanding shares of common stock were cast, as of the close of business on August 2, 2021, the record date for the Special Meeting, with approximately 99% of the votes cast voting in favor of the merger agreement.
The consummation of the merger remains subject to the satisfaction or waiver of certain other closing conditions set forth in the merger agreement (including completion of the Migration (as defined in the merger agreement)) and discussed in detail in the definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission (“SEC”) by the Company on August 4, 2021 (as supplemented, the “Definitive Proxy Statement”).
About CAI International, Inc.
CAI is one of the world’s leading transportation finance companies. As of June 30, 2021, CAI operated a worldwide fleet of approximately 1.9 million CEUs of containers. CAI operates through 13 offices located in 12 countries including the United States.
Forward-Looking Statements
This communication includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended. All statements included in this communication, other than statements of historical fact, are forward-looking statements. Statements about the expected timing, completion and effects of the proposed merger and related transactions and all other statements in this communication, other than historical facts, constitute forward-looking statements. When used in this communication, the words “expect,” “believe,” “anticipate,” “goal,” “plan,” “intend,” “estimate,” “may,” “will” or similar words are intended to identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements and any such forward-looking statements are qualified in their entirety by reference to the following cautionary statements. All forward-looking statements speak only as of the date hereof and are based on current expectations and involve a number of assumptions, risks and uncertainties that could cause the actual results to differ materially from such forward-looking statements. The Company may not be able to complete the proposed merger on the terms described herein or other acceptable terms or at all because of a number of factors, including, but not limited to: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement, (2) the failure to satisfy the closing conditions in the merger agreement (including the Migration (as defined in the Definitive Proxy Statement)), (3) the potential for regulatory authorities to require divestitures, behavioral remedies or other concessions in order to obtain their approval of the proposed merger, (4) risks related to disruption of management’s attention from the Company’s ongoing business operations due to the proposed merger, (5) the effect of the announcement of the proposed merger on the ability of the Company to retain and hire key personnel and maintain relationships with its customers, suppliers, operating results and business generally, (6) the proposed merger may involve unexpected costs, liabilities or delays, (7) the Company’s business may suffer as a result of the uncertainty surrounding the proposed merger, including the timing of the consummation of the proposed merger, (8) the outcome of any legal proceeding relating to the proposed merger, (9) the Company may be adversely affected by other economic, business and/or competitive factors, including, but not limited to, those related to COVID-19, and (10) other risks to consummation of the proposed merger, including the risk that the proposed merger will not be consummated within the expected time period or at all, which may adversely affect the Company’s business and the price of the common stock.
Actual results may differ materially from those indicated by such forward-looking statements. In addition, the forward-looking statements represent the Company’s views as of the date on which such statements were made. The Company anticipates that subsequent events and developments may cause its views to change. However, although the Company may elect to update these forward-looking statements at some point in the future, it specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company’s views as of any date subsequent to the date hereof. Additional factors that may affect the business or financial results of the Company are described in the risk factors included in the Company’s filings with the SEC, including the Company’s Annual Report on Form 10-K for the year ended December 31, 2020, filed with the SEC on March 1, 2021, as updated by the Company’s subsequent filings with the SEC. The Company expressly disclaims a duty to provide updates to forward-looking statements, whether as a result of new information, future events or other occurrences, except as required by applicable law.
CAI International, Inc.
David Morris
Vice President, Chief Accounting Officer
Tel: +1-415-788-8104
DUBLIN--(BUSINESS WIRE)--The "Global Green Hydrogen Market by Technology (Alkaline and PEM), Renewable source (Wind, Solar), End-use Industry (Mobility, Power, Chemical, Industrial, Grid Injection) and Region (North America, Europe, APAC, MEA, & Latin America) - Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
The green hydrogen market is projected to grow from USD 444 million in 2021 to USD 4,373 million by 2026, at a CAGR of 58.0% during the forecasted period.
Alkaline electrolysis-based green hydrogen accounted for the largest share, in terms of volume, of the overall green hydrogen market
In terms of volume, the alkaline electrolysis-based green hydrogen segment accounted for the largest share of 70% of the overall green hydrogen market in 2020. Alkaline electrolysis technology is the most widely preferred technology in the production of green hydrogen across the world.
Alkaline electrolysis utilizes two electrodes lowered in a basic electrolyte solution (such as sodium or potassium hydroxide), isolated by a non-conductive permeable membrane known as a diaphragm. As compared to PEM electrolysis, alkaline electrolysis tends to produce highly pure green hydrogen as hydrogen ions do not diffuse easily into an electrolyte solution and therefore it is more highly used.
The green hydrogen market in the mobility industry is expected to register the highest CAGR between 2021 and 2026
Mobility is the largest end-use industry of green hydrogen. Green hydrogen used in the mobility industry includes vehicles used in road/off-road transportation, rail, maritime, or aviation. The mobility end-use industry accounted for the largest share by value of the green hydrogen market.
This is because hydrogen offers three times more energy per unit than fossil fuels. Before the commercialization of fuel-cell-based engines, the mobility industry had no other sustainable alternatives to fossil fuels. Fuel Cell Electric Vehicles (FCEV) offer a sustainable alternative. Green hydrogen is a viable and practical substitute for the automotive industry.
Green hydrogen-based vehicles are optimal for mining vehicles, trains, aircraft, lorries, buses, and even maritime transport. It is the best medium to achieve zero carbon footprint stipulated by advanced countries.
The green hydrogen market in Europe is projected to register the highest CAGR, in terms of value and volume, between 2021 and 2026
Europe dominated the global green hydrogen market. The region has the presence of many manufacturers of green hydrogen and their products. Germany accounted for a major share of the global green hydrogen market and is expected to register significant growth during the forecast period. The growth of the green hydrogen market in this region is mainly driven by the growing mobility and power industry.
Market Dynamics
Drivers
Restraints
Opportunities
Challenges
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/ifaf3j
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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LOS ANGELES--(BUSINESS WIRE)--#EVs--Fisker Inc. (NYSE: FSR) ("Fisker") – passionate creator of the world's most sustainable electric vehicles and advanced mobility solutions – announced today it will webcast its participation in "Fireside Chats" at two upcoming investor conferences.
Henrik Fisker, chairman and chief executive officer of Fisker, will speak at the RBC Capital Markets Global Industrials Conference. The event will take place on Thursday, Sept. 9, 2021, from 2:00 to 2:30 p.m. ET and will be available via webcast. To register for and access the event, please click here.
Henrik will also speak at the Morgan Stanley Virtual Ninth Annual Laguna Conference on Wednesday, Sept. 15, 2021, from 10:30 to 11:00 a.m. ET. The event will be available via webcast – please click here for event registration and access.
Both events will also be accessible through the Events & Presentations page of Fisker's investor relations website by clicking here.
Tune in to hear updates on Fisker's overall business strategy and the development of the Fisker Ocean, which remains on-track for start of production and deliveries in November 2022 – and to be unveiled on Nov. 17, 2021.
About Fisker Inc.
California-based Fisker Inc. is revolutionizing the automotive industry by developing the most emotionally desirable and eco-friendly electric vehicles on Earth. Passionately driven by a vision of a clean future for all, the company is on a mission to become the No. 1 e-mobility service provider with the world's most sustainable vehicles. To learn more, visit www.FiskerInc.com – and enjoy exclusive content across Fisker's social media channels: Facebook, Instagram, Twitter, YouTube and LinkedIn. Download the revolutionary new Fisker mobile app from the App Store or Google Play store.
Forward-Looking Statements
This press release includes forward-looking statements, which are subject to the "safe harbor" provisions of the US Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as "feel,” “believes,” expects,” “estimates,” “projects,” “intends,” “should,” “is to be,” or the negative of such terms, or other comparable terminology and include, among other things, statements regarding the Company’s strategy and other future events that involve risks and uncertainties. Such forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, which could cause actual results to differ materially from the forward-looking statements contained herein due to many factors, including, but not limited to: Fisker’s limited operating history; Fisker’s ability to enter into additional manufacturing and other contracts with Magna, or other OEMs or tier-one suppliers in order to execute on its business plan; the risk that OEM and supply partners do not meet agreed upon timelines or experience capacity constraints; Fisker may experience significant delays in the design, manufacture, regulatory approval, launch and financing of its vehicles; Fisker’s ability to execute its business model, including market acceptance of its planned products and services; Fisker’s inability to retain key personnel and to hire additional personnel; competition in the electric vehicle market; Fisker’s inability to develop a sales distribution network; and the ability to protect its intellectual property rights; and those factors discussed in Fisker’s Annual Report on Form 10-K, as amended, under the heading “Risk Factors,” filed with the Securities and Exchange Commission (the “SEC”), as supplemented by Quarterly Reports on Form 10-Q, and other reports and documents Fisker files from time to time with the SEC. Any forward-looking statements speak only as of the date on which they are made, and Fisker undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.
Fisker Inc.
Dan Galves, VP, Investor Relations
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Simon Sproule, SVP, Communications
310.374.6177
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Rebecca Lindland, Director, Communications
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DUBLIN--(BUSINESS WIRE)--The "Offshore Support Vessels - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Amid the COVID-19 crisis, the global market for Offshore Support Vessels estimated at US$20.5 Billion in the year 2020, is projected to reach a revised size of US$28.5 Billion by 2027, growing at a CAGR of 4.8% over the analysis period 2020-2027.
Anchor-handling Tug Supply Vessels, one of the segments analyzed in the report, is projected to record a 4.8% CAGR and reach US$9.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Platform Supply Vessels segment is readjusted to a revised 5.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $6.1 Billion, While China is Forecast to Grow at 4.5% CAGR
The Offshore Support Vessels market in the U.S. is estimated at US$6.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.1 Billion by the year 2027 trailing a CAGR of 4.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.4% and 4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.5% CAGR.
Multipurpose Supply Vessels Segment to Record 5.5% CAGR
In the global Multipurpose Supply Vessels segment, USA, Canada, Japan, China and Europe will drive the 5.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.9 Billion in the year 2020 will reach a projected size of US$4.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.2 Billion by the year 2027.
Select Competitors (Total 48 Featured):
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/bkxc7i
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For E.S.T Office Hours Call 1-917-300-0470
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NEWCASTLE & HOUSTON--(BUSINESS WIRE)--TechnipFMC (NYSE: FTI) (PARIS: FTI) announced today that Doug Pferdehirt, Chairman and Chief Executive Officer, will address attendees on Wednesday, September 8, at 10:55 a.m. EDT at the following event:
Barclays CEO Energy-Power Conference
September 8 – 10, 2021
Location: Virtual Conference
The live webcast will be available at the time of the event and can be accessed at the Investor Relations website. There will be no presentation materials associated with the event.
About TechnipFMC
TechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services.
With our proprietary technologies and comprehensive solutions, we are transforming our clients’ project economics, helping them unlock new possibilities to develop energy resources while reducing carbon intensity and supporting their energy transition ambitions.
Organized in two business segments – Subsea and Surface Technologies – we will continue to advance the industry with our pioneering integrated ecosystems (such as iEPCI™, iFEED™ and iComplete™), technology leadership and digital innovation.
Each of our approximately 20,000 employees is driven by a commitment to our clients’ success, and a culture of strong execution, purposeful innovation, and challenging industry conventions.
TechnipFMC uses its website as a channel of distribution of material company information. To learn more about how we are driving change in the industry, go to www.TechnipFMC.com and follow us on Twitter @TechnipFMC.
Investor relations
Matt Seinsheimer
Vice President, Investor Relations
Tel: +1 281 260 3665
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James Davis
Senior Manager, Investor Relations
Tel: +1 281 260 3665
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Media relations
Nicola Cameron
Vice President, Corporate Communications
Tel: +44 1383 742297
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Catie Tuley
Director, Public Relations
Tel: +1 281 591 5405
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DUBLIN--(BUSINESS WIRE)--The "Submarine Optical Fiber Cables - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Amid the COVID-19 crisis, the global market for Submarine Optical Fiber Cables estimated at US$14.1 Billion in the year 2020, is projected to reach a revised size of US$32.7 Billion by 2027, growing at a CAGR of 12.8% over the period 2020-2027.
The U.S. Market is Estimated at $4.2 Billion, While China is Forecast to Grow at 12.3% CAGR
The Submarine Optical Fiber Cables market in the U.S. is estimated at US$4.2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.7 Billion by the year 2027 trailing a CAGR of 12.3% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.3% and 10.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 9.4% CAGR.
Select Competitors (Total 104 Featured):
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/9zkybb
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
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DALLAS--(BUSINESS WIRE)--Arcosa, Inc. (NYSE: ACA) (“Arcosa” or the “Company”), a provider of infrastructure-related products and solutions, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.05 per share on its $0.01 par value common stock. The quarterly cash dividend is payable October 29, 2021 to stockholders of record as of October 15, 2021.
About Arcosa
Arcosa, Inc. (NYSE:ACA), headquartered in Dallas, Texas, is a provider of infrastructure-related products and solutions with leading positions in construction, engineered structures, and transportation markets. Arcosa reports its financial results in three principal business segments: the Construction Products segment, the Engineered Structures segment, and the Transportation Products segment. For more information, visit www.arcosa.com.
INVESTOR CONTACTS
Gail M. Peck
Chief Financial Officer
T 972.942.6500
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David Gold
ADVISIRY Partners
T 212.661.2220
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MEDIA CONTACT
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Company Supports Nonprofits, Volunteer Fire Departments, Community Groups
SAN FRANCISCO--(BUSINESS WIRE)--As wildfires continue to spread across Northern and Central California forcing residents and entire communities to evacuate, nonprofit organizations, volunteer fire departments, and community groups are mobilizing to provide immediate relief and longer-term recovery services.
Pacific Gas and Electric Company (PG&E) is joining the effort, and will contribute $1 million in charitable giving for the 2021 wildfire season, focused on sheltering and near-term resources, food security for vulnerable communities, and support for volunteer fire departments.
As part of this overall pledge, PG&E is contributing $100,000 to assist communities impacted by the Caldor Fire in El Dorado County, which has consumed more than 200,000 acres and continues to grow. This includes $50,000 to the California Association of Food Banks’ Rapid Response Fund, which helps local food banks purchase food and supplies and supplement their staffing.
“Every day, food banks are on the frontlines responding to the increasing needs of hungry Californians,” said Stacia Levenfeld, Chief Executive Officer, California Association of Food Banks. “The ongoing pandemic, coupled with wildfires devastating communities and forcing thousands of Californians to evacuate their homes for safety, are a one-two punch. It’s critical that we all stand together to support our food banks, and to nourish and uplift every member of our community. We are grateful to PG&E for supporting our food banks and in turn helping to combat record levels of food insecurity and hunger.”
PG&E also is providing funding to the El Dorado Community Foundation’s Caldor Fire Fund. The Foundation is dedicated to serving those in need through the direct support of community and organizations. The Caldor Fire Fund has been set up to support families impacted by this fire. You can donate here.
PG&E’s contribution also is providing assistance to El Dorado County Animal Services; Pioneer Fire Protection District and Pioneer Volunteer Firefighters Association; and senior support groups.
PG&E and PG&E Corporation are grateful for the legion of nonprofits, community groups, and volunteers answering the call to support those impacted by wildfires.
“We are so thankful for the courageous firefighters working around the clock to contain the wildfires ravaging California communities. We all are blessed by the kindness of the many nonprofit organizations, volunteer fire departments, and community groups that are opening their hearts and rolling up their sleeves in service to those who have been displaced temporarily or permanently by these terrible fires. We humbly offer our support to them to help our communities through these difficult days,” said PG&E Corporation Chief Executive Officer Patti Poppe.
Included in PG&E’s $1 million commitment, the company previously announced $300,000 to support the wildfire relief and recovery efforts of its longtime partner the American Red Cross this fire season. Donations help the Red Cross to shelter families, serve meals, support emergency responders, deliver relief supplies, provide medical care, and create recovery plans.
These charitable donations will come from PG&E shareholders, not PG&E customers.
The public can help, too. Donors can contribute online or send checks to the Red Cross designated to “Western Wildfires.”
Supporting Employee Giving and Volunteering
This month, PG&E and PG&E Corporation launched an employee giving campaign that includes an additional 1:1 match for any employee donations, up to a total of $50,000 from The PG&E Corporation Foundation. Employees can receive the match for their donations to any of five featured charities: Red Cross, California Fire Foundation, Pacific Service Employees Association Emergency Assistance Fund (nonprofit serving PG&E employees and retirees), El Dorado Community Foundation Caldor Fire Fund, and North Valley Animal Disaster Group.
The companies also support virtual volunteering during the ongoing COVID-19 pandemic and encourage employees to participate in volunteer events supporting the Red Cross. Volunteers are assembling Red Cross Projects in a Box for wildfire-displaced individuals and families, and care packages for first responders.
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit www.pge.com/ and http://www.pge.com/about/newsroom/.
Media Relations
415-973-5930
ANN ARBOR, Mich.--(BUSINESS WIRE)--The Coretec Group, Inc., (OTCQB: CRTG) (the “Company”) has further expanded on its IP portfolio and filed a provisional patent: “Routes to Silicon Quantum Dots”. The patent application targets novel routes to making Silicon Quantum Dots (SiQDs) in an efficient and highly scalable way to meet the needs of global industries.
Currently, the market lacks methods to make SiQDs efficiently which has impeded market adoption. The Coretec Group has leveraged its existing intellectual property, targeted routes, and unique chemistries that will meet the requirements of LED manufacturers along with silicon anodes for next-generation batteries, drug delivery, and medical diagnostics.
Most Quantum dots (QDs) on the market today contain toxic metals that severely limit their market reach as well as can be harmful to the environment. SiQDs are metal-free QDs that possess all the favorable properties of their toxic metal-containing counterparts with the added benefits of elemental abundance, biological compatibility, and optical properties.
Matthew Kappers, CEO of The Coretec Group, said: "Quantum dots and quantum silicon materials have many applications from LEDs and batteries to medical imaging and quantum computing. This patent is part of our larger intellectual property portfolio and business strategy to pursue these emerging markets and its technology needed to support global growth."
With this patent The Coretec Group demonstrates that nanoparticles or quantum dots or nanocrystals, take on unique properties due to quantum confinement. Furthermore, the result from three-dimensional confinement of electrons and holes that make silicon quantum dots have properties distinct from bulk silicon. In general, when considerations of strong confinement are desired, production of amorphous silicon quantum dots are superior.
About The Coretec Group
The Coretec Group, Inc. is developing a portfolio of engineered silicon to improve energy-focused verticals, including electric vehicle and consumer batteries, solid-state lighting (LEDs), and semiconductors, as well as 3D volumetric displays and printable electronics. The Coretec Group serves the global technology markets in energy, electronics, semiconductor, solar, health, environment, and security.
For more information, please visit www.thecoretecgroup.com and follow The Coretec Group on Twitter and LinkedIn.
Forward-Looking Statements:
The statements in this press release that relate to The Coretec Group’s expectations with regard to the future impact on the Company’s results from operations are forward-looking statements, and may involve risks and uncertainties, some of which are beyond our control. Such risks and uncertainties are described in greater detail in our filings with the U.S. Securities and Exchange Commission. Since the information in this press release may contain statements that involve risk and uncertainties and are subject to change at any time, the Company’s actual results may differ materially from expected results. We make no commitment to disclose any subsequent revisions to forward-looking statements. This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity.
Corporate contact:
The Coretec Group, Inc.
Lindsay McCarthy
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+1 (866) 916-0833
Media contact:
The Coretec Group, Inc.
Allison L. Gabrys
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+1 (866) 916-0833
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