Topic at Kenai Classic Roundtable on Recreational Fishing
SOLDOTNA, Alaska--(BUSINESS WIRE)--Working in conjunction with Nexus Fuels® of Atlanta, Ga., and Tommy Nobis Enterprises, of Marietta, Ga., Yamaha Rightwaters aims to return 10,000 pounds of Polyethylene and Polypropylene sheet plastics back into their base materials before the end of the calendar year. It will serve as a proof of concept for an envisioned national program intended to reduce plastic waste in the nation’s waterways.
Yamaha officials discussed the project in detail to an audience of conservationists, anglers and legislators at the 2021 Kenai Classic Roundtable on Recreational Fishing on August 18, 2021.
“Yamaha’s support of conservation action began almost three decades ago with the Kenai River Sportfishing Association (KRSA) and its efforts to conserve the Kenai and other rivers in Alaska,” said Martin Peters, who leads sustainability initiatives for the Yamaha U.S. Marine Business Unit. “The tradition of conservation led to the creation of the Yamaha Rightwaters sustainability program in 2019, and it’s most appropriate that we announce our latest Yamaha Rightwaters initiative during the Kenai Classic Roundtable on Recreational Fishing, an event founded by KRSA and Yamaha in 2013 as a national forum to discuss the issues and policies affecting recreational fishing.
“Water drives every Yamaha Rightwaters program,” continued Peters. “We created Yamaha Rightwaters to take on issues that affect the clean water upon which we all depend. Polyethylene and Polypropylene make up a large part of the plastic litter in our oceans, affecting the marine life that lives there. We see this effort to keep plastics out of our oceans and our landfills, and a step to assure sustainable, healthy stocks of fish in our rivers and oceans.”
Yamaha developed a reverse logistics program to return the protective covers from select boat builders, retail dealers and two of its boat production facilities, Skeeter® Boats of Kilgore, Texas, and Yamaha Jet Boat Manufacturing of Vonore, Tennessee. The materials will ship to Tommy Nobis Enterprises, which will separate recyclable plastics from other materials, such as plastic zippers, cords and eyelets. Tommy Nobis Enterprises will then ship the material - known as feedstock in the recycling industry - to Nexus® for processing into raw materials, which range from gasses to waxes. Those raw materials will be used for other products.
“The Yamaha Rightwaters sustainability efforts are pushing the marine industry into a new realm of conservation, and the Nexus® team is optimistic and enthusiastic about this plastics recycling initiative,” said Jean Jordan of Nexus Fuels®. “It’s our hope that together, we can validate this pilot program and expand it in the near future.”
“When we saw the Nexus® pyrolysis process at work last year, we were excited and knew this was the best possible solution for these materials, some of which are difficult to recycle with other methods because they are a mixture of the two materials, both Polyethylene and Polypropylene,” said Peters. “Nexus® is the only operation that has proven end-to-end they can economically take Yamaha Marine’s waste plastics and convert them into virgin circular polymer with partners like Chevron Phillips and Shell Chemical.”
“Of course, there is a cost,” he said. “Part of the purpose of the pilot is to determine how to reduce the cost of reverse logistics so that we are able to create a system-wide, national program.”
Yamaha Rightwaters is a national 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.
Yamaha’s U.S. Marine Business Unit, based in Kennesaw, Ga., is responsible for the sales, marketing, and distribution of Yamaha Marine products in the U.S. including Yamaha Outboards, Yamaha WaveRunners, Yamaha Boats, G3 Boats and Skeeter Boats. Supporting 2,400 dealers and boat builders nationwide, Yamaha is the industry leader in reliability, performance, technology and customer service.
Nexus®, based in Atlanta, Ga., is an end-to-end plastics recycling business – an operational, commercially scaled, continuous system. The Nexus® plant in Atlanta is the first multi-polymer pyrolysis operation in the U.S. to receive ISCC Plus™ certification. Nexus has developed a highly efficient system built at low capital cost and without a need for catalysts or post-processing, yielding clean, ISCC Plus™ on-specification outputs. Nexus® has converted more than 2.5 million pounds and counting of landfill-bound plastics into virgin resins for customers like Royal Dutch Shell and Chevron Phillips Chemical. Investors include Cox Enterprises®, a $21-billion family-owned business committed to global sustainability. The Nexus® process is efficient, environmentally friendly, and encompasses rigorous operational and business standards. The company’s operating philosophy is founded on the principle that for any recycling solution to succeed, it must be profitable, technically proven at scale, and operate as a robust stand-along business, while creating a meaningful and positive environmental impact.
Tommy Nobis Center is a Marietta-based nonprofit that helps individuals with disabilities enter or return to employment.
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.
Melissa Boudoux
Media Relations and Dealer Education
Yamaha U.S. Marine Business Unit
Office: (770) 701-3269
Mobile: (404) 381-7593
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Neal Wheaton
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Q2 2021 Premier Carriers continue to see double-digit growth in load volumes
AMSTERDAM--(BUSINESS WIRE)--FourKites®, the world’s leading real-time supply chain visibility platform, today published its global Premier Carrier List for the second quarter of 2021. FourKites’ tenth consecutive quarterly list showcases the hundreds of forwarders, carriers and 3PLs worldwide who are achieving the highest standards of visibility-related operational excellence across all modes of transport. This operational excellence translates directly into hard returns for these Premier Carriers, who experienced on average a 13% increase in annual load volume compared to the previous quarter.
In addition, Premier Carriers are providing their shipper customers and the broader supply chain ecosystem with data that is being leveraged to streamline operations, increase the speed of shipping dock turn times, reduce inventory levels and optimise labor costs. Premier Carriers average 12% more in load volume than carriers who have not qualified for the list. Some of the new European carriers who have qualified for the list this quarter include Van den Bosch, Speedliner Logistics BV, Hope Sped SRL, AF Zust Ambrosetti SRL, Curt Richter SE, Santos e Vale and BDtrans.
AB InBev, the world’s largest brewer, asks transportation companies in Western Europe to feed location data into its FourKites platform to track deliveries and predict arrival times more precisely.
Plan2Transport is one of these companies. It ships 30,000 full truck loads a year throughout Germany and the Benelux for AB InBev.
“Working with AB InBev’s FourKites platform allows us to offer a better service,” says Roy van der Heijden, business analyst at Int. transportbedrijf van der Heijden b.v. which is one of the shareholders in Plan2Transport. “FourKites make it so easy for us to feed GPS data into AB InBev’s platform. And now thanks to being on the Premier Carrier List we’re confident we’ll get even more business from customers who want excellent visibility into their supply chains.”
A public-facing version of the Premier Carrier List is available here. Customers and the public can now access and search the list through an updated interface that filters carriers according to capabilities, transportation modes, geographies serviced and other relevant criteria.
“Ninatrans is honored to be included in the FourKites Premier Carrier List,” said Joni Timmermans, ICT-Supervisor, Ninatrans. “It's a pleasure to be recognised as one of the top performing Carriers in Europe. It’s always rewarding to be recognised for providing excellent service."
About FourKites
FourKites® is the #1 supply chain visibility platform in the world, extending visibility beyond transportation into yards, warehouses, stores and beyond. Tracking more than 2 million shipments daily across road, rail, ocean, air, parcel and courier, and reaching 176 countries, FourKites combines real-time data and powerful machine learning to help companies digitise their end-to-end supply chains. More than 600 of the world’s most recognised brands — including 9 of the top-10 CPG and 18 of the top-20 food and beverage companies — trust FourKites to transform their business and create more agile, efficient and sustainable supply chains. To learn more, visit https://www.fourkites.com/.
Scott Johnston
European PR Lead FourKites
+31 62 147 8442
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HOUSTON--(BUSINESS WIRE)--Halliburton Company (NYSE: HAL) announced today a successful execution of its SmartFleet™ intelligent fracturing system with a major operator in the Permian Basin.
“We view the SmartFleet system as a tool that provides valuable insights into subsurface fracture placement,” said Aaron Hunter, vice president of the Midland Basin for ConocoPhillips. “These insights lead to informed decisions that improve fracture performance.”
SmartFleet technology integrates intelligent automation and visualization with subsurface measurements across multiple wells simultaneously to dynamically respond to reservoir behavior. By using the SmartFleet system, operators can achieve real-time control of fracture placement and improve overall completion execution. In addition to optimizing fracture placement across every stage, the SmartFleet system provides real-time insights to manage frac hits and understand the impact they have on fracture performance.
Based on various successful runs to date across multiple basins, SmartFleet has helped operators:
“Unlike standard task automation, the SmartFleet system applies intelligence and measurements that allow operators to make stage-level decisions that optimize completions in real time,” said Michael Segura, vice president of Production Enhancement for Halliburton. “With this type of intelligent automation, operators can now instantly see and control fracture outcomes that ultimately lead to improved asset economics.”
ABOUT HALLIBURTON
Founded in 1919, Halliburton is one of the world's largest providers of products and services to the energy industry. With more than 40,000 employees, representing 130 nationalities in more than 70 countries, the Company helps its customers maximize value throughout the lifecycle of the reservoir – from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the asset. Visit the Company’s website at www.halliburton.com. Connect with Halliburton on Facebook, Twitter, LinkedIn, Instagram and YouTube.
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NUR-SULTAN, Kazakhstan--(BUSINESS WIRE)--On Monday 16th August 2021, the Ministry of Justice of the Republic of Kazakhstan responded to a notice of dispute issued by King & Spalding LLP, the legal counsel of the Stati family. In its response, the Ministry exposed a series of false statements made by the Statis, presented evidence of their fraud and encouraged King & Spalding to initiate arbitral proceedings immediately.
The Ministry was responding to the notice issued by the Statis on 5 August through the press, which threatened the filing of a new arbitration under the Energy Charter Treaty due to the ongoing refusal by the Republic of Kazakhstan to settle on an award which was secured by the Statis through the use of fraud.
A new arbitration would provide the opportunity for a free and fair review of the Statis’ fraud by an independent arbitral tribunal capable of examining all of the new undisputed evidence that has come to light since the original arbitration ended and which the Statis systematically avoid. For this reason, the notice by the Statis cannot be considered an honest attempt to settle a dispute and is rather designed to mislead the public and their partners. Kazakhstan would welcome and strongly encourages the initiation of a new arbitration procedure.
Background
The Republic of Kazakhstan refuses to engage with individuals who have been clearly shown to engage in a systematic behaviour of fraudulent criminal schemes for over a decade. It is now evident that, starting with the arbitration against Kazakhstan under the Energy Charter Treaty filed in 2010, the Statis have engaged in a campaign of bad faith, fraudulent litigation against the Republic.
In a letter from KPMG Audit LLP to the Stati Parties dated 21 August, the international accounting firm undertook the extraordinary action of withdrawing all of its audit reports for the Statis’ financial statements because of unrebutted evidence of the Statis’ fraud. The unprecedented nature of this move has been also confirmed independently by a PWC report.
With the mounting evidence that is now available, the fraud and other illegal and unethical conduct committed by the Statis, with the support and guidance of their legal counsel, has been confirmed in reports issued by multiple world-leading independent experts, including Professor George Bermann, Professor Bernard Hanotiau, Professor Christoph Schreuer, Professor Kaj Hobér, Professor Catherine Rogers, Dr Patrik Schöldström, Mr Stefan Cassella, as well companies including PwC. Moreover, the English High Court of Justice concluded prima facie that the Stati Parties obtained the arbitral award against Kazakhstan by fraud whilst also being under criminal investigation in Luxembourg Finally, their former Chief Financial Officer, Artur Lungu, admitted key elements of the fraud under cross-examination in sworn testimony.
In addition to the unlawful conduct by the Statis as it pertains to this long-running dispute, their systematic criminality seems to extend to other cases as well, with companies belonging to the Statis having been sanctioned by the U.S. government for "contributing to the ongoing crisis in South Sudan because they are a source of substantial revenue that, through public corruption, is used to fund the purchase of weapons and other material that undermine the peace, security, and stability of South Sudan rather than support the welfare of the South Sudanese people."
The only solution to remedy the unlawful conduct by the Statis for the past decade and to end this long-running dispute from the perspective of the Republic of Kazakhstan is for the Statis to vacate the fraudulent Award, any court decisions recognizing the Award, and pay the Republic the amounts that have been ordered by various national courts and compensation in an amount equal to the damage caused by their illegal schemes.
The Republic of Kazakhstan is steadfast in its resolve and will not be influenced by the Statis’ propaganda and black PR campaign.
An online version of the press release including links to relevant documents can be found here: https://www.gov.kz/memleket/entities/adilet/press/news/details/242664?lang=en.
Ms. Meruert Bokanova
Press Secretary of the Ministry of Justice of Kazakhstan
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Unveils expansion plan for its residential and commercial solar EPC business
BURLINGTON, Vt.--(BUSINESS WIRE)--$isun #cleanenergy--iSun, Inc. (NASDAQ: ISUN) (the “Company”, or “iSun”), a leading solar energy and clean mobility infrastructure company with 50 years of construction experience in solar, electrical and data services, released today an edited transcript from its second quarter 2021 earnings conference call.
Highlights
Second Quarter 2021 Conference Call Details
An edited transcript of the conference call, recorded on Tuesday, August 17, 2021, at 8:30 AM EDT is available on the Investor Relations section of the iSun website at investors.isunenergy.com, under the Events Calendar. An archived audio replay will also be available through August 31, 2021, at 877-481-4010, Conference ID# 42507.
About iSun Inc.
Since 1972, iSun has accelerated the adoption of proven, life-improving innovations in electrification technology. iSun has been the trusted electrical contractor to Fortune 500 companies for decades and has installed clean rooms, fiber optic cables, flight simulators, and over 400 megawatts of solar systems. The Company has provided solar EPC services across residential, commercial & industrial, and utility scale projects and provides solar electric vehicle charging solutions for both grid-tied and battery backed solar EV charging systems. iSun believes that the transition to clean, renewable solar energy is the most important investment to make today and is focused on profitable growth opportunities. Please visit www.isunenergy.com for additional information.
Forward Looking Statements
This press release includes 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, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as "may," "should," "expects," "could," "intends," "plans," "anticipates," "estimates," "believes," "forecasts," "predicts" or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, effective tax rate, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition.
The forward-looking statements included in this press release are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the risk factors described from time to time in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K.
All forward-looking statements included in this press release are based on information currently available to us, and we assume no obligation to update any forward-looking statement except as may be required by law.
IR Contact:
Tyler Barnes
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802-289-8141
BELLINGHAM, Wash.--(BUSINESS WIRE)--All American Marine, Inc. (AAM) and the vessel owner SWITCH Maritime (SWITCH) are pleased to announce the launch and operational trials of Sea Change, a 70-foot, 75-passenger zero-emissions, hydrogen fuel cell-powered, electric-drive ferry that will operate in the California Bay Area. This will be the first hydrogen fuel cell vessel in the US, representing a monumental step in the US maritime industry’s transition to a sustainable future. The ferry was developed and constructed to demonstrate a pathway to commercialization for zero-emission hydrogen fuel cell marine technologies. While still working on permitting of hydrogen fuel systems for maritime vessels with the US Coast Guard, the completed ferry will exhibit the viability of this zero-carbon ship propulsion technology for the commercial and regulatory communities.
The project is funded by private capital from SWITCH, an impact investment platform building the first fleet of exclusively zero-carbon maritime vessels to accelerate the decarbonization and energy transition of the US maritime sector. “By working closely with the US Coast Guard, with innovative technology partners, and with best-in-class shipyards such as All American Marine, we can make the transition to decarbonized shipping a reality today,” said Pace Ralli, Co-Founder and CEO of SWITCH. “We don’t have to wait.” SWITCH’s mission-driven platform seeks to work with existing ferry owners and operators around the country to help facilitate their adoption of zero-carbon vessels to replace aging diesel-powered vessels, leveraging significant experience from the technologies used in the build of this first ferry.
AAM is a leading builder of hybrid-electric vessels in the United States and was chosen to complete this project because of their experience building unique, high-quality vessels. AAM’s new state-of-the-art shipyard has an expanded capacity and production capabilities for additional, larger and more complex vessels. The construction and completion of Sea Change further exemplifies AAM’s position as a leading technological innovator in the North American marketplace, and a leading manufacturer of vessels with custom propulsion and design characteristics to create the best performing vessel in its given class.
“Hydrogen-fuel cell technology will prove to be a robust alternative to conventional powertrain technologies,” said Ron Wille, AAM President & COO. “AAM is continuing our tradition of building vessels on the leading edge of technology using advanced propulsion methods, which is why we are so proud to have to completed construction on such a revolutionary vessel.”
The vessel is equipped with a hydrogen fuel cell power package provided by Zero Emissions Industries (formerly Golden Gate Zero Emission Marine), comprised of 360 kW of Cummins fuel cells and Hexagon hydrogen storage tanks with a capacity of 246 kg. This system is integrated with 100 kWh of lithium-ion battery provided by XALT and a 2x 300 kW electric propulsion system provided by BAE Systems. The hydrogen fuel cell powertrain system affords the same operational flexibility as diesel with zero emissions and less maintenance. The vessel design originates from Incat Crowther, and the construction supervision and management is led by Hornblower Group.
This project has received important municipal support including a $3 million grant from the California Air Resources Board (CARB), administered by the Bay Area Air Quality Management District (BAAQMD), that comes from California Climate Investments, a California statewide initiative that puts billions of Cap-and-Trade dollars to work to reduce greenhouse gas emissions, strengthen the economy, and improve public health and the environment – particularly in disadvantaged communities. Additionally, the project received the first ever loan guarantee under BAAQMD’s Climate Tech Finance program, which seeks to reduce greenhouse gases by accelerating emerging climate technologies. In partnership with the California Infrastructure Economic Development Bank and the Northern California Financial Development Corporation (NorCal FDC), the Climate Tech Finance team led a technology qualification and greenhouse gas analysis that deemed SWITCH eligible for a loan guarantee. This loan guarantee supported SWITCH in securing a $5 million construction and term loan with KeyBank, which enables SWITCH to bring this important project to completion.
Our team would like to thank all the individuals, companies and agencies that have helped make this vision a reality, especially during the challenging times of the COVID pandemic. Special thanks goes out to the United States Coast Guard Marine Safety Center (MSC), USCG Office of Design and Engineering Standards (CG-ENG), USCG Sector Seattle, USCG Sector San Francisco, who continue to support the permitting and development of sustainable maritime technologies that put the US maritime sector at the forefront of global innovation.
--- All American Marine ---
All American Marine Inc., located on the shores of Bellingham Bay, was founded in 1987 and specializes in the construction of custom-tailored aluminum vessels. The company is a leading builder of high-speed passenger boats, hybrid vessels, dinner cruise boats, patrol crafts and research vessels. AAM is a proud member of the Bryton Marine Group. Stay tuned to AllAmericanMarine.com or on Facebook and Instagram for all the latest news on what’s next!
--- SWITCH Maritime ---
Established in 2017, SWITCH Maritime (“SWITCH”) is a US maritime investment company constructing and owning North America’s first fleet of zero emissions maritime vessels. SWITCH believes electrification, using both hydrogen fuel cell as well as battery, has the potential to address “hard-to-decarbonize” high horsepower transportation sectors, including maritime shipping. SWITCH aims to facilitate existing vessel operators’ transition to zero-carbon solutions by offering them capital-efficient access to zero-emissions vessels along with clean fuel supply solutions. More information can be found at https://www.switchmaritime.com/.
--- Zero Emission Industries ---
Launched 2017, Zero Emission Industries, previously Golden Gate Zero Emission Marine, is a hydrogen technology company that provides critically needed proprietary technology and combines it with fuel cells from leading manufactures to offer OEMs and integrators turn-key, modular and scalable hydrogen power systems for use in their products. Learn more at https://zeroei.com/.
--- California Climate Investments ---
Funding for the CARB grant for the country’s first zero-emission ferry comes from California Climate Investments, a statewide program that puts billions of Cap-and-Trade dollars to work reducing greenhouse gas emissions, strengthening the economy and improving public health and the environment — particularly in disadvantaged communities. Further information is available at https://ww2.arb.ca.gov/homepage.
--- Bay Area Air Quality Management District ---
The Bay Area Air Quality Management District is the regional agency responsible for protecting air quality in the nine-county Bay Area. Connect with the Air District via Twitter, Facebook, and YouTube.
Janine Ward
Antenna Group
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DALLAS--(BUSINESS WIRE)--Primoris Services Corporation (NASDAQ Global Select: PRIM) (“Primoris” or “Company”) today announced the award of a thermal power project with an estimated value of $100 million. The contract was secured by the Company’s Energy/Renewables Segment.
ABOUT PRIMORIS
Primoris Services Corporation (NASDAQ GS: PRIM) is a leading provider of specialty contracting and critical infrastructure services to the utility, energy/renewables, and pipeline services markets throughout North America. The Company’s diversified base of blue-chip customers, focus on smaller contracts, and its high proportion of master service agreements have de-risked its portfolio over the last several years. An expanded presence in higher-margin, higher-growth markets such as utility-scale solar facility installations and telecom/broadband infrastructure have also increased its potential for long-term growth. Additional information on Primoris is available at www.primoriscorp.com.
FORWARD LOOKING STATEMENTS
This press release contains certain forward-looking statements that reflect, when made, the Company’s expectations or beliefs concerning future events that involve risks and uncertainties, including the Company’s future performance. Forward-looking statements include all statements that are not historical facts and can be identified by terms such as “anticipates”, “believes”, “could”, “estimates”, “expects”, “intends”, “may”, “plans”, “potential”, “predicts”, “projects”, “should”, “will”, “would” or similar expressions. Forward-looking statements include information concerning our possible or assumed future results of operations, business strategies, financing plans, competitive position, industry environment, potential growth opportunities, the effects of regulation and the economy, generally. Forward-looking statements inherently involve known and unknown risks, uncertainties, and other factors, which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Actual results may differ materially as a result of a number of factors, including, among other things, the risks described in Part I, Item 1A “Risk Factors” of our Annual Report on Form 10-K for the year ended December 31, 2020, and our other filings with the U.S. Securities and Exchange Commission (“SEC”). Such filings are available on the SEC’s website at www.sec.gov. Given these risks and uncertainties, you should not place undue reliance on forward-looking statements. Primoris does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.
Brook Wootton, Vice President, Investor Relations
Primoris Services Corporation
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LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--$cwh #CWH--Camping World Holdings, Inc. (NYSE: CWH) (“Camping World” or the “Company”), America’s Recreation Dealer, today announced the Company will host the annual in-person Investor Conference on September 14-15 in Salt Lake City, Utah.
The conference will be held at the Grand America Hotel, located at 555 South Main Street in Salt Lake City and hosted by Marcus Lemonis, the Company’s Chairman and Chief Executive Officer. The event will begin on Tuesday, September 14 with a reception at 4:30pm MT followed by a fireside chat and Q & A session from 5:00pm – 6:30pm MT. On Wednesday, September 15, the event will continue starting at 9:00am MT, with a visit to the Camping World SuperCenter at 13153 S. Minuteman Drive in Draper, Utah followed by a preview into the future of electrification of recreation with the first Electric World retail location.
To RSVP for this event, please visit the site for Investor Day Reservations. For hotel guestrooms, please use this customized link to reserve at the Grand America Hotel.
About Camping World Holdings, Inc.
Camping World Holdings, Inc., headquartered in Lincolnshire, IL, (together with its subsidiaries) is America’s largest retailer of RVs and related products and services. Our vision is to build a long-term legacy business that makes RVing fun and easy, and our Camping World and Good Sam brands have been serving RV consumers since 1966. We strive to build long-term value for our customers, employees, and shareholders by combining a unique and comprehensive assortment of RV products and services with a national network of RV dealerships, service centers and customer support centers along with the industry’s most extensive online presence and a highly-trained and knowledgeable team of associates serving our customers, the RV lifestyle, and the communities in which we operate. We also believe that our Good Sam organization and family of programs and services uniquely enables us to connect with our customers as stewards of the RV enthusiast community and the RV lifestyle. With over 185 locations in 40 states, Camping World, and sister company Gander RV & Outdoors, have grown to become prime destinations for everything RV. For more information, visit www.CampingWorld.com.
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Ben Fowke will remain as executive chairman and Tim O’Connor named EVP, chief operations officer
MINNEAPOLIS--(BUSINESS WIRE)--Xcel Energy announced today that Bob Frenzel has been appointed president and CEO of the company. Ben Fowke, the current chairman and CEO will remain at Xcel Energy as executive chairman of the Board of Directors. Tim O’Connor was also named executive vice president and chief operations officer.
“I am humbled and honored today to take over as CEO of Xcel Energy. It’s been a privilege to work alongside Ben for the last five years. I am grateful for his leadership, vision and careful stewardship of this great company. This is an exciting time to be in the energy industry, and I look forward to leading us into the future with a focus on our strategic priorities, including being an agile and innovative company and our commitment to elevating the customer experience,” said Frenzel.
Frenzel joined Xcel Energy as chief financial officer in 2016, leading the company’s finance, tax, accounting and corporate development functions, as well as its subsidiary companies. He was named president and chief operating officer in March 2020, where he oversaw Xcel Energy’s four operating companies, along with its transmission, distribution and natural gas operations.
“Bob is an outstanding leader, and I am confident he will champion Xcel Energy’s strategic priorities including leading the clean energy transition and enhancing the customer experience while keeping customer bills low,” Fowke said.
As executive chair of Xcel Energy, Fowke will focus on national energy policy and will continue to work closely with Frenzel.
Tim O’Connor has served as Xcel Energy’s EVP and chief generation officer since 2020, and now moves into the role of chief operations officer where he will oversee nuclear generation, energy supply, supply chain, commercial operations, distribution, transmission and the company’s natural gas business.
“Tim is an exemplary leader and well-known expert in the energy industry. Since he joined Xcel Energy in 2007, he helped build one of the top-performing nuclear fleets in the nation. Under his leadership, the company has continued reducing carbon emissions, while maintaining industry-leading reliability,” said Frenzel.
Frenzel served as chief financial officer for Luminant, the Energy Future Holdings, Inc. competitive power generating subsidiary, prior to his roles at Xcel Energy. He also worked as vice president in the investment banking division of Goldman Sachs, following his tenure as a manager and senior consultant in the strategy, finance and economics practice at Arthur Andersen. After college, he served in the United States Navy for six years, working as a nuclear engineering officer and weapons officer. Following active duty, he served in the Navy Reserves and was promoted to lieutenant commander. Frenzel earned his bachelor’s degree in industrial engineering from Georgia Tech and his master’s degree in business administration from the University of Chicago Booth School of Business.
Frenzel serves on the board of directors for Patterson Companies and is chairman of its audit committee. He is also on the board of directors for the Children’s Theater Company in Minneapolis, where he chairs the governance committee, and he serves on the executive committee of the American Gas Association.
Tim O’Connor received his mechanical engineering degree from Marquette University in Milwaukee, WI and has completed several executive business programs. He serves on the executive advisor group for the DOE/INL Nuclear Science and Technology areas, the Holtec Decommissioning Industry Advisory Group, and is a member of the NEI industry labor management committee and Terrestrial Energy Industry Advisory Committee. He also serves as a member of the Board of Directors for the Minneapolis St. Paul Jeremiah charitable organization for single mothers.
Fowke was named Xcel Energy’s chair, president and CEO in August 2011, and during his tenure the company has met or exceeded its carbon reduction goals and financial commitments every year. Under his leadership, Xcel Energy became the first major energy company in the nation to announce a vision to deliver 100% carbon-free electricity to its customers by 2050. The company has already made significant strides toward that vision, achieving a 51% carbon emissions reduction in 2020, compared to 2005 levels. Fowke also launched the company’s Steel for Fuel strategy which led to one of the largest multi-state wind energy expansions in the country, making Xcel Energy one of the only companies with more than 10,000 megawatts of wind energy on its system.
As CEO, Fowke became a national leader among his energy industry peers and served as chairman of the Edison Electric Institute, the national association of investor-owned electric companies, where he remains on the Board of Directors. He has also served on the board of the Nuclear Energy Institute and will continue to serve on the board of the Institute of Power Operations. He remains a member of the National Infrastructure Advisory Council, a private-public partnership that advises the President and governmental agencies on mitigating risk and ensuring the integrity of the country’s critical infrastructure. Fowke is also on the Board of Directors of Securian Financial and Energy Insurance Mutual.
About Xcel Energy
Xcel Energy (NASDAQ: XEL) provides the energy that powers millions of homes and businesses across eight Western and Midwestern states. Headquartered in Minneapolis, the company is an industry leader in responsibly reducing carbon emissions and producing and delivering clean energy solutions from a variety of renewable sources at competitive prices. For more information, visit xcelenergy.com or follow us on Twitter and Facebook.
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MINNEAPOLIS--(BUSINESS WIRE)--The Board of Directors of Xcel Energy Inc. (NASDAQ: XEL) today declared a quarterly dividend on its common stock of 45.75 cents per share. The dividends are payable October 20, 2021, to shareholders of record on September 15, 2021.
Xcel Energy is a major U.S. electricity and natural gas company, with operations in 8 Western and Midwestern states. Xcel Energy provides a comprehensive portfolio of energy-related products and services to 3.7 million electricity customers and 2.1 million natural gas customers through its regulated operating companies. Company headquarters are located in Minneapolis. More information is available at www.xcelenergy.com.
This information is not given in connection with any sale or offer for sale or offer to buy any securities.
Statements in this press release regarding Xcel Energy’s business which are not historical facts are “forward-looking statements” that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see “Risk Factors” in the Company's Annual Report on Form 10-K for the most recently ended fiscal year.
Xcel Energy, Minneapolis
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Paul Johnson, Vice President, Treasurer & Investor Relations (612) 215-4535
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Xcel Energy Media Relations Representatives (612) 215-5300
Power Generation NOx Tracker Analyzes Power Industry Data as Technologies Decarbonize
LAKE MARY, Fla.--(BUSINESS WIRE)--#BESS--Mitsubishi Power Americas and the University of Central Florida have formed an industry-education partnership to establish a reliable and accessible source of information that tracks nitrogen oxide (NOx) emissions as the U.S. power generation industry undergoes an energy transformation to decarbonize.
The online Power Generation NOx Tracker (https://www.cecs.ucf.edu/nox/) uses data from the U.S. Environmental Protection Agency database as analyzed by UCF’s Center for Advanced Turbomachinery and Energy Research (CATER) to show trends over time. The NOx Tracker is accessible at no cost to the public and interested parties such as industry, research, government and non-government organizations. This is the second tracker Mitsubishi Power has helped launch in its efforts to inform the public and industry about progress toward decarbonization. The Carnegie Mellon University Power Sector Carbon Index, which estimates the carbon dioxide intensity of the U.S. power sector using publicly available data sources, launched in 2017.
The 1990 U.S. Clean Air Act Amendments brought additional standards to the power sector to reduce the level of nitrogen oxides emitted into the atmosphere. Nitrogen oxides are pollutants produced when nitrogen and oxygen react at high temperatures, such as in power plants, automobiles, boats, and heavy vehicles. The EPA reported annual nitrogen oxide emissions from power plants fell by 87% from 1995 to 2020.
“As a university our role is to teach and produce research that solves a public challenge,” said Dr. Jayanta Kapat, the UCF engineering professor who leads CATER and is responsible for the data analysis on the NOx Tracker. “Innovation driven by industry and academia is changing the power generation landscape. We need to make sure as we advance that we do so responsibly. There has been concern that as the power generation industry decarbonizes, nitrogen oxides would become a problem; however, the tracker shows that nitrogen oxides have been declining significantly to low levels. This reflects successful innovations. Monitoring will help us all stay on track as we move forward.”
Experts at UCF’s CATER are evaluating and developing technology to address nitrogen oxides as well as other pollutants regulated by the U.S. Clean Air Act and monitored by the EPA. UCF engineers developed the NOx Tracker with the support of Mitsubishi Power to not only track the cumulative percent change in nitrogen oxide emissions, but also to follow the cumulative change in sulfur dioxide and overall power generated. This helps researchers and industry better understand and solve complex technological challenges as they work toward a more reliable, secure and cleaner energy future. Kapat and UCF post-doctoral scholar Dr. Ladislav Vesely will be updating the tracker every quarter.
Paul Browning, President and CEO of Mitsubishi Power Americas, said, “Reducing power generation emissions, not only from carbon dioxide but also from nitrogen oxides and sulfur oxides, is essential in the overall energy transition path our industry is on. Mitsubishi Power is addressing all of these emissions while developing a variety of decarbonization technologies. The NOx Tracker is yet another effort by Mitsubishi Power to bring transparency to air quality issues during this energy transition and to highlight the industry’s progress. It complements our overall mission of providing power generation and energy storage solutions to our customers, empowering them to affordably and reliably combat climate change and advance human prosperity. Together with our partner UCF, we are enabling and informing a Change in Power.”
About Mitsubishi Power Americas, Inc.
Mitsubishi Power Americas, Inc. (Mitsubishi Power) headquartered in Lake Mary, Florida, employs more than 2,200 power generation, energy storage, and digital solutions experts and professionals. Our employees are focused on empowering customers to affordably and reliably combat climate change while also advancing human prosperity throughout North, Central, and South America. Mitsubishi Power’s power generation solutions include gas, steam, and aero-derivative turbines; power trains and power islands; geothermal systems; PV solar project development; environmental controls; and services. Energy storage solutions include green hydrogen, battery energy storage systems, and services. Mitsubishi Power also offers intelligent solutions that use artificial intelligence to enable autonomous operation of power plants. Mitsubishi Power, Ltd. is a wholly owned subsidiary of Mitsubishi Heavy Industries, Ltd. (MHI). Headquartered in Tokyo, Japan, MHI is one of the world’s leading heavy machinery manufacturers with engineering and manufacturing businesses spanning energy, infrastructure, transport, aerospace, and defense. For more information, visit the Mitsubishi Power Americas website and follow us on LinkedIn.
About The University of Central Florida
The University of Central Florida is a public metropolitan research university in Orlando. Founded in 1963 to fuel the region’s talent pipeline and support the growing U.S. space program, UCF has been making an impact on the state, the nation — and outer space — ever since. UCF and its 13 colleges offer more than 220 degrees from the university’s main campus, downtown campus, hospitality campus, health sciences campus, online and through multiple regional locations. The university benefits from a diverse faculty, staff and student body who create a welcoming environment and thrive on the opportunity to learn and discover. More at ucf.edu.
Christa Reichhardt
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HOUSTON--(BUSINESS WIRE)--USD Partners LP (NYSE:USDP) (the “Partnership”) announced today that members of its senior management team will participate in the Citi One-on-One Midstream / Energy Infrastructure Virtual Conference on Thursday, August 19, 2021.
The related presentation materials will be made available on the Partnership’s website no later than 5:00pm Eastern Time on Wednesday, August 18, 2021, at www.usdpartners.com on the “Events & Presentations” sub-tab under the “Investors” tab.
About USD Partners LP
USD Partners LP is a fee-based, growth-oriented master limited partnership formed in 2014 by US Development Group, LLC (“USD”) to acquire, develop and operate midstream infrastructure and complementary logistics solutions for crude oil, biofuels and other energy-related products. The Partnership generates substantially all of its operating cash flows from multi-year, take-or-pay contracts with primarily investment grade customers, including major integrated oil companies and refiners. The Partnership’s principal assets include a network of crude oil terminals that facilitate the transportation of heavy crude oil from Western Canada to key demand centers across North America. The Partnership’s operations include railcar loading and unloading, storage and blending in on-site tanks, inbound and outbound pipeline connectivity, truck transloading, as well as other related logistics services. In addition, the Partnership provides customers with leased railcars and fleet services to facilitate the transportation of liquid hydrocarbons and biofuels by rail.
USD, which owns the general partner of USD Partners LP, is engaged in designing, developing, owning, and managing large-scale multi-modal logistics centers and energy-related infrastructure across North America. USD solutions create flexible market access for customers in significant growth areas and key demand centers, including Western Canada, the U.S. Gulf Coast and Mexico. Among other projects, USD, along with its partner Gibson Energy, Inc., is pursuing long-term solutions to transport heavier grades of crude oil produced in Western Canada through the construction of a Diluent Recovery Unit at the Hardisty Terminal. USD is also currently pursuing the development of a premier energy logistics terminal on the Houston Ship Channel with capacity for substantial tank storage, multiple docks (including barge and deepwater), inbound and outbound pipeline connectivity, as well as a rail terminal with unit train capabilities. For additional information, please visit texasdeepwater.com. Information on websites referenced in this release is not part of this release.
Category: Corporate
Adam Altsuler
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SGNA building and donating zero energy ready, universal design home constructed by local builder Charis Homes
NORTH CANTON, Ohio--(BUSINESS WIRE)--Saint-Gobain North America (SGNA) today announced the official launch of “Sustaining Futures, Raising Communities,” a program that will bring more sustainable construction to neighborhoods across North America. The first project will provide a Canton-area family with a zero energy ready, universal design home. Together with a local construction partner Charis Homes, SGNA broke ground in July 2021 to mark the official start of construction on its initial Sustaining Futures, Raising Communities house in North Canton, Ohio.
Through its innovative building solutions, SGNA has an ambition to help create sustainable homes that enhance individual wellbeing. SGNA and its partner Charis Homes both also have deep roots in the region. Multiple Saint-Gobain companies, including CertainTeed, Life Sciences, Mobility, Ceramics and Surface Solutions, are located in Northeast Ohio. Saint-Gobain companies have 900 colleagues in Ohio.
“At Saint-Gobain, our purpose is making the world a better home. The Sustaining Futures, Raising Communities program is our opportunity to leverage our global thinking and sustainability mindset to do just that,” said Mark Rayfield, CEO of Saint-Gobain North America. “The home in North Canton is our first step in a series of projects where we hope to inspire and make a tangible impact, right in the communities where our colleagues live.”
Charis Homes will utilize more than 20 of SGNA’s sustainable solutions to build this home, designed specifically to increase the energy efficiency and wellbeing of the household. For example, CertainTeed's MemBrain™ Continuous Air Barrier & Smart Vapor Retarder and M2TechⓇ Moisture and Mold Resistant Drywall aids in resisting moisture and absorbing airborne toxins, improving the quality of life for individuals who may have respiratory conditions.
“A lot goes into creating sustainable buildings, so we know this home will have a positive impact on this family, the community, and the environment for years to come,” said Jean Angus, CEO of Saint-Gobain Life Sciences based in Solon, Ohio. “Saint-Gobain already has a reputation as a top employer in NE Ohio, but this project further demonstrates our commitment to the area and its residents.”
Additionally, CertainTeed’s Landmark shingles will be installed on the roof. The company’s roofing manufacturing facilities — including one in Avery, Ohio — recycle the majority of production waste into asphalt for road construction, and their sustainability commitment continues through to the development of product packaging that integrates recycled content into materials such as corrugated rolls and Kraft paper. CertainTeed recycles 250,000+ tons of material back into their products every year, keeping waste out of landfills and reducing CO2 emissions that would result from the sourcing and processing of virgin raw materials.
A universal design concept for the home also provides better mobility for individuals that may be orthopedically challenged. The home will also be zero energy ready, meaning that with solar panel installation the total amount of energy used is equal to the amount of renewable energy created on site.
“We were thrilled SGNA selected our team to work on this project,” said Glenna Wilson, president of Charis Homes. “We share the same commitment for creating sustainable houses that impact our planet for the better — and we’re even more motivated knowing that a family from our part of the state will soon call it home.”
“As a top-rated, award-winning builder, Charis Homes was a natural choice for Saint-Gobain. The company provides homes that are durable, efficient and gentle on the environment,” said Magda Dexter, vice president of strategic enablement at SGNA. “All of its homes exceed typical energy standards by the leading accreditation organizations, including Energy Star, EPA Indoor airPlus and the Zero Energy Ready Home Standards, and we’re happy to work with a local builder whose values so closely match ours.”
As SGNA moves forward to confirm additional program details, more information will be shared regarding its nonprofit partnership to support and secure the family who will move into the home by early 2022. SGNA anticipates the launch of this program in additional locations aligned with the company’s presence in North America.
About Saint-Gobain
Saint-Gobain designs, manufactures and distributes materials and solutions for the construction, mobility, healthcare and other industrial application markets. Developed through a continuous innovation process, they can be found everywhere in our living places and daily life, providing wellbeing, performance and safety, while addressing the challenges of sustainable construction, resource efficiency and the fight against climate change. This strategy of responsible growth is guided by the Saint-Gobain purpose, “MAKING THE WORLD A BETTER HOME”, which responds to the shared ambition of all the women and men in the Group to act every day to make the world a more beautiful and sustainable place to live in.
€38.1 billion in sales in 2020
More than 167,000 employees, located in 70 countries
Committed to achieving Carbon Neutrality by 2050
For more information about Saint-Gobain, visit www.saint-gobain.com and follow us on Twitter @saintgobain.
Media Contact
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LOS ANGELES--(BUSINESS WIRE)--NextGen Acquisition Corp. (“NextGen”)(NASDAQ: NGAC) today announced that its stockholders approved all proposals related to the previously announced business combination with Xos, Inc. (“Xos”, or “the Company”), a leading manufacturer of fully electric Class 5 to Class 8 commercial vehicles at a special meeting of stockholders held today. A Form 8-K disclosing the full voting results is expected to be filed with the Securities and Exchange Commission.
The closing of the Business Combination is anticipated to occur on or about August 19, 2021, with trading of the combined company expected on August 20th following the effectiveness of the merger. Following closing, the combined company will be known as “Xos, Inc.” and is expected to trade on the Nasdaq Stock Market under the new ticker symbol “XOS.”
About NextGen
NextGen Acquisition Corporation is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. NextGen is led by George Mattson, a former Partner at Goldman, Sachs & Co., and Gregory Summe, former Chairman and CEO of PerkinElmer and Vice Chairman of the Carlyle Group. NextGen is listed on NASDAQ under the ticker symbol "NGAC." For more information, please visit www.nextgenacq.com.
About Xos, Inc.
Xos, Inc. is an electric mobility company dedicated to making fleets more efficient. Xos designs and develops fully electric battery mobility systems specifically for commercial fleets. The company’s primary focus is on medium- and heavy-duty commercial vehicles that travel on “last mile” routes (i.e. predictable routes that are less than 200 miles per day). The company leverages its proprietary technologies to provide commercial fleets zero emission vehicles that are easier to maintain and more cost-efficient on a total cost of ownership (TCO) basis than their internal combustion engine and commercial EV counterparts. For more information, please visit www.xostrucks.com.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the federal securities laws with respect to the proposed transaction between Xos and NextGen, including statements regarding the anticipated timing of the transaction and the products, customers and markets of Xos. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) the risk that the transaction may not be completed in a timely manner or at all, which may adversely affect the price of NextGen’s securities, (ii) the risk that the transaction may not be completed by NextGen’s business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by NextGen, (iii) the failure to satisfy the conditions to the consummation of the transaction, including the adoption of the Merger Agreement by the shareholders of NextGen, the availability of the minimum amount of cash available in the trust account in which substantially all of the proceeds of NextGen's initial public offering and private placements of its warrants have been deposited following redemptions by NextGen’s public shareholders and the receipt of certain governmental and regulatory approvals, (iv) the lack of a third party valuation in determining whether or not to pursue the proposed transaction, (v) the inability to complete the PIPE investment in connection with the transaction, (vi) the occurrence of any event, change or other circumstance that could give rise to the termination of the Merger Agreement, (vii) the effect of the announcement or pendency of the transaction on Xos’ business relationships, operating results, and business generally, (viii) risks that the proposed transaction disrupts current plans and operations of Xos and potential difficulties in Xos employee retention as a result of the transaction, (ix) the outcome of any legal proceedings that may be instituted against Xos or against NextGen related to the Merger Agreement or the proposed transaction, (x) the ability to maintain the listing of NextGen’s securities on a national securities exchange, (xi) the price of NextGen’s securities may be volatile due to a variety of factors, including changes in the seven competitive and regulated industries in which NextGen plans to operate or Xos operates, variations in operating performance across competitors, changes in laws and regulations affecting NextGen’s or Xos’ business, Xos’ inability to implement its business plan or meet or exceed its financial projections and changes in the combined capital structure, (xii) the ability to implement business plans, forecasts, and other expectations after the completion of the proposed transaction, and identify and realize additional opportunities, and (xiii) the risk of downturns and a changing regulatory landscape in the highly competitive electric vehicle industry. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of NextGen’s Annual Report on Form 10-K, as amended, and the definitive proxy statement/prospectus filed by NextGen with the SEC on July 30, 3031 and other documents filed or that may be filed by NextGen from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward looking statements, and Xos and NextGen assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Neither Xos nor NextGen gives any assurance that either Xos or NextGen, or the combined company, will achieve its expectations.
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AUSTIN, Texas--(BUSINESS WIRE)--E2open Parent Holdings, Inc. (NYSE: ETWO), a leading network-based provider of cloud-based, mission-critical, end-to-end supply chain management platform, today announced the teleconference details which will allow its stockholders to remotely attend its special meeting on Tuesday, August 31, 2021 at 9:00 a.m. ET (the “Special Meeting”).
Due to the public health and safety concerns related to the COVID-19 pandemic and recommendations and orders from federal and local authorities, E2open is strongly encouraging that shareholders attend the Special Meeting remotely by teleconference rather than in person.
The Special Meeting will be accessible by teleconference by dialing 833-780-7941 (U.S. domestic) or 704-815-6180 (international). The conference ID is 9235049. Stockholders will be able to ask questions to E2open’s management via the conference line.
The purpose of the Special Meeting is to vote on certain proposals relating to the previously announced Share Purchase Deed by and among E2open, BluJay TopCo Limited (“BluJay”) and the sellers party thereto (the “Purchase Agreement”) and the transactions contemplated by the Purchase Agreement (the “Transaction”).
Additional Information
All information about the General Meeting, including E2open’s definitive proxy statement, is available at www.proxydocs.com/ETWO
In connection with the Transaction, E2open has filed with the U.S. Securities and Exchange Commission (the “SEC”) a definitive proxy statement, which was mailed to its stockholders. This communication does not contain all the information that should be considered concerning the Transaction and is not intended to form the basis of any investment decision or any other decision in respect of the Transaction. E2open’s stockholders and other interested persons are advised to read the definitive proxy statement and other documents filed in connection with the Transaction, as these materials contain important information about E2open, BluJay and the Transaction. The definitive proxy statement and other relevant materials for the Transaction have been mailed to E2open’s stockholder of record. Stockholders will also be able to obtain copies of the definitive proxy statement and other documents filed with the SEC, without charge, once available, at the SEC’s website at www.sec.gov, or by directing a request to: E2open Parent Holdings, Inc., 9600 Great Hills Trail, Suite 300E, Austin, TX 78759.
Participants in the Solicitation
E2open and its directors and executive officers may be deemed participants in the solicitation of proxies from E2open’s stockholders with respect to the Transaction. A list of the names of those directors and executive officers and a description of their interests in E2open is contained in E2open’s filings with the SEC, including in E2open’s Annual Report on Form 10-K for the year ended February 28, 2021, which was filed with the SEC and is available free of charge at the SEC’s website at www.sec.gov, or by directing a request to: E2open Parent Holdings, Inc., 9600 Great Hills Trail, Suite 300E, Austin, TX 78759. Additional information regarding the interests of such participants is also included in the definitive proxy statement for the Transaction.
BluJay and its directors and executive officers may also be deemed to be participants in the solicitation of proxies from the stockholders of E2open in connection with the Transaction. A list of the names of such directors and executive officers and information regarding their interests in the Transaction is also included in the proxy statement for the Transaction.
No Offer or Solicitation
This communication is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the potential transaction and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of E2open or BluJay, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act.
About E2open
At E2open, we’re creating a more connected, intelligent supply chain. It starts with sensing and responding to real-time demand, supply and delivery constraints. Bringing together data from clients, distribution channels, suppliers, contract manufacturers and logistics partners, our collaborative and agile supply chain platform enables companies to use data in real time, with artificial intelligence and machine learning to drive smarter decisions. All this complex information is delivered in a single view that encompasses your demand, supply and logistics ecosystems. E2open is changing everything. Demand. Supply. Delivered.TM Visit www.e2open.com.
E2open and the E2open logo are registered trademarks of E2open, LLC. Demand. Supply. Delivered. is a trademark of E2open, LLC.
Forward-Looking Statements
Certain statements made herein may be considered forward-looking statements. Forward-looking statements generally relate to future events or E2open’s or BluJay’s future financial or operating performance. For example, projections of future growth, financial performance, and other metrics are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “expect,” “intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,” “potential” or “continue,” or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward looking statements.
These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by E2open and its management, and BluJay and its management, as the case may be, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of negotiations and any subsequent definitive agreements with respect to the Transaction; (2) the outcome of any legal proceedings that may be instituted against E2open, BluJay, the combined company or others following the announcement of the Transaction and any definitive agreements with respect thereto; (3) the inability to complete the Transaction due to the failure to obtain approval of the stockholders of E2open, to obtain financing to complete the Transaction or to satisfy other conditions to closing; (4) changes to the proposed structure of the Transaction that may be required or appropriate as a result of applicable laws or regulations or as a condition to obtaining regulatory approval of the Transaction; (5) the ability to meet stock exchange listing standards following the consummation of the Transaction; (6) the risk that the Transaction disrupts current plans and operations of BluJay as a result of the announcement and consummation of the Transaction; (7) the ability to recognize the anticipated benefits of the Transaction, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (8) costs related to the Transaction; (9) changes in applicable laws or regulations; (10) the possibility that BluJay or the combined company may be adversely affected by other economic, business, and/or competitive factors; (11) BluJay’s estimates of expenses and profitability; and (12) other risks and uncertainties set forth in E2open’s filings with the SEC, including in the section entitled “Risk Factors” and “Forward-Looking Statements” in E2open’s definitive proxy statement related to the Transaction or its Annual Report on Form 10-K for the year ended February 28, 2021.
Nothing in this communication should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Neither E2open nor BluJay undertakes any duty to update these forward-looking statements.
Investor Contact
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E2open
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Aerial, Vehicle and On-The-Ground Inspections, Patrols and Restoration Work Has Begun for Affected Areas Where It Is Safe to Do So
PG&E’s 34 Community Resource Centers in 15 Counties Remain Open to Support Customers
PG&E Meteorologists Tracked Sustained Winds of 46 mph and Gusts Up to 59 mph in Some Areas
SAN FRANCISCO--(BUSINESS WIRE)--Pacific Gas and Electric Company (PG&E) crews are patrolling lines de-energized during Tuesday’s Public Safety Power Shutoff (PSPS), after company meteorologists began issuing the weather “all-clear” this morning for portions of affected areas impacted by safety shutoffs.
Restorations have begun where possible.
As it becomes safe to do so, PG&E crews will patrol more than 3,289 miles of transmission and distribution lines to ensure that no damage or hazards exist before those lines are re-energized and those customers restored. Efforts related to this PSPS event will include up to 1,302 ground patrol units and 33 helicopters.
The PSPS event, which began Tuesday evening (Aug. 17), affected about 48,000 customers in targeted parts of 13 counties that experienced high, sustained offshore winds amid extreme to exceptional drought conditions. The following 5 counties were removed from the scope prior to de-energization and were not impacted due to changing weather conditions:
PSPS Restoration
PG&E has begun restoring power to customers in areas where it is safe to do so and expects to restore power to remaining customers affected by this PSPS event Thursday afternoon.
Restoration may be delayed for some customers if crews must repair significant damage to individual lines from wind-blown branches and other debris.
Restoration steps include:
For more information on the PSPS event, visit www.pge.com/pspsupdates.
Extreme Winds Recorded Across Service Area
Wind gusts in PSPS de-energized areas with some of the largest customer impacts were observed as follows:
Customer Support
As of this morning, PG&E has opened 34 Community Resource Centers (CRCs) in 15 counties to support customers affected by this event. View the most current list of CRCs at www.pge.com/pspsupdates. CRCs opened Tuesday at 5 p.m. and closed at 10 p.m. then reopened at 8 a.m. and close at 10 p.m. for the remainder of the shutoff.
During a Public Safety Power Shutoff (PSPS), we open CRCs where community members can access resources, including:
To keep our customers and communities safe, all resource centers reflect appropriate COVID-19 health considerations and federal, state and county guidelines.
We are offering 15 outdoor sites to supplement the 19 indoor CRCs and provide more options for customers.
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 pge.com and pge.com/news.
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Investment through Cottonwood Technology Fund supports development of expanded applications for the Infinitum Electric product line
AUSTIN, Texas--(BUSINESS WIRE)--Infinitum Electric, creator of the breakthrough air-core motor, today announced it has received an equity investment from Caterpillar Venture Capital Inc., the venture capital arm of Caterpillar Inc. (CAT), the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives, through Cottonwood Technology Fund. The proceeds will be used to further expand production of Infinitum Electric’s IEs Series motor systems for industrial applications and for the development of a new line of smaller, lighter, quieter and more efficient alternators. Infinitum Electric alternators are expected to be one third the size and weight of traditional alternators: targeting the growing $17 Billion annual alternator market.
With most of today’s machines relying on rudimentary iron core motors that consume more than half the world’s electricity, Infinitum Electric is focused on powering a new generation of machines with unparalleled efficiency and durability. Infinitum Electric’s reinvented air-core motors use lightweight materials and modular design to generate the same power in half the size and weight, at a fraction of the carbon footprint and noise created by conventional motors.
Infinitum Electric’s motor design replaces the copper wire and laminated iron core found in conventional motors with a printed circuit board stator, making the motor smaller, lighter and more efficient. Their integrated motor and variable frequency drive (VFD) also maximizes usability and reduces energy consumption by addressing the entire lifecycle of the motor – from its materials, to how it’s produced, transported, assembled, used and maintained. Fewer raw materials reduce the amount of emissions required to build a motor, while off-the-shelf components allow the motor to be made anywhere in the world at any time reducing supply chain issues. Modular architecture enables simple assembly on-site, reducing shipping and logistics costs. This pioneering approach to motors provides increased energy savings, while also improving reliability, productivity and making electrical equipment smaller, lighter and quieter.
Infinitum Electric currently serves commercial HVAC, industrial, and automotive suppliers developing new products with environmental sustainability, efficiency and serviceability in mind.
“Caterpillar Venture Capital’s investment acknowledges the opportunity presented by ultra-high- efficiency motors in a reduced-carbon future. We’re excited about the opportunity Infinitum Electric’s technology offers and the potential positive impacts to lowering emissions, reducing waste and improving efficiency,” said Michael Young, Vice President of Caterpillar Venture Capital Inc.
“It’s extremely validating when one of the world’s leading manufacturers acknowledges the role that lighter, quieter, high-efficiency motors can play in the energy transition,” said Ben Schuler, founder and CEO of Infinitum Electric. “Cottonwood Technology Fund has been an excellent partner to Infinitum Electric in aligning us with investors that share our vision for a sustainable future while fueling our growth strategy.”
About Infinitum Electric
Infinitum Electric has raised the bar for a new generation of motors that is better for the planet and people. The company’s patented air core motors offer superior performance in half the weight and size, at a fraction of the carbon footprint of traditional motors, making them pound for pound the most efficient in the world. Infinitum Electric motors open up sustainable design possibilities for the machines we rely on to be smaller, lighter and quieter, improving our quality of life while also saving energy. Based in Austin, Texas, Infinitum Electric is led by a team of industry experts and pioneers. To learn more, visit www.infinitumelectric.com.
About Caterpillar Venture Capital Inc.
Caterpillar Venture Capital Inc. assists entrepreneurs around the world to grow and scale their businesses to build today for a better tomorrow by leveraging Caterpillar's industry expertise, supply base and independent dealer network. Caterpillar Venture Capital’s focus areas of investment include robotics, energy, advanced materials, and digital solutions that help its customers be successful. Caterpillar Venture Capital is a wholly owned subsidiary of Caterpillar Inc., the world's leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. For more information, visit Caterpillar Ventures.
About Cottonwood Technology Fund
CTF is a seed and early-stage technology commercialization fund with offices in Santa Fe, New Mexico; and Enschede, the Netherlands. It invests in founding stage technology-related (particularly telecom, chemistry/material sciences, photonics, biosciences, robotics and new energy) businesses originating throughout the Southwest region of the US and also in Northern Europe. Visit www.cottonwoodtechnologyfund.com for more information.
Erin Gilmore
Activate PR on behalf of Infinitum Electric
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512-466-4559
LONDON--(BUSINESS WIRE)--Oleg Burlakov Obituary:
Oleg Leonidovich Burlakov, a prominent Russian entrepreneur and leader in the industrial goods sector passed away on 21st June 2021 in Moscow aged 72 after a short battle with Covid-19.
Born in 1949 in St. Petersburg, Oleg was a Russian patriot, who in addition to business roles in the aerospace, chemicals and energy industries, is best known as the owner and visionary behind the Black Pearl, a trailblazing eco-sailing yacht which he commissioned in 2010.
Oleg is survived by his wife Lyudmila Burlakova and by his two daughters Veronica and Elena. The Burlakovs were married for 48 years, during which time the couple together built a considerable fortune.
Oleg had a series of very successful investments in Russia in the 80s and 90s across various sectors.
During his early career, Oleg was a member of the USSR air force who took immense pride in his military duties. In October 1988 he founded Integral, a co-operative active in the development of patents and scientific research for innovative chemical products that extended engine and battery life. His wife Lyudmila was among the list of members of the co-operative at its inception and helped to co-found the business alongside her husband. After initial successes with Integral, Oleg incorporated Sovinterfrance, a natural resources and mining company.
From 1992, Oleg invested in the oil industry and in the production of cement, by first taking control of one of the most important Russian national companies, Novoroscement, then subsequently the oil exploration company Burneftegaz. The takeovers commenced through Oleg’s Sovinterfrance. Through the sale of his cement business Novoroscement in 2007 for almost 1.5bn dollars and his gas business Burneftegaz in 2014 for around 1bn dollars, Oleg became a billionaire.
Beyond his enterprises in Russia, Oleg’s passion for sailing and the engineering and technology underpinning modern yachting has helped to cement his legacy. He was the visionary owner of the world’s second largest sailing yacht, the renowned 106.7-metre Oceanco eco-sailing yacht Black Pearl. The most defining feature of which is its three DynaRig carbon masts supporting a sail area of 2,900 square meters. By harnessing sail power, solar and a hybrid propulsion system that Oleg helped to bring to life, the Black Pearl is able to cross the Atlantic burning just 20 litres of fuel. Oleg is celebrated for his role in shaping the design and specifications of the Black Pearl and paving the way for yachts with sustainability and reduced carbon footprints in mind. The Black Pearl remains an enduring inspiration to the next generation of sailing yachts and is a testament to Oleg’s forward-looking engineering expertise.
Oleg and Lyudmila met when they were young students and had not yet made their fortune: Oleg reading aerospace engineering and Lyudmila pursuing a degree in aeronautical engineering. The couple’s ambition and business acumen enabled them to achieve success and build the family fortune.
They resided in Ukraine until 1993 before deciding to move together to the United States and then to Canada in 1995, where Oleg was laid to rest by his family on 16 July 2021 in the North York district.
The Burlakov family, Oleg’s wife, daughters and six grandchildren, welcome Mr. Burlakov’s friends and associates to join them in commemorating him and invite them to make contact should they wish to celebrate his life.
The Press Office of the Burlakov family and Lyudmila Burlakova
Media enquiries for the Burlakov family
Tancredi Intelligent Communication
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+44 7957 549 906 | +44 7449226720
Konstantin Dobrynin
Facility designed to serve the growing demand for Barber-Nichols’ advanced technologies in specialty turbomachinery for critical applications
ARVADA, Colo.--(BUSINESS WIRE)--Barber-Nichols LLC (BN), a wholly owned subsidiary of Graham Corporation (NYSE: GHM), hosted a ribbon cutting ceremony to celebrate the opening of its innovative new 43,000 sq ft, world-class manufacturing facility. Congressman Ed Perlmutter (CO-7) and Mayor Marc Williams joined the celebration of this significant milestone for the company. BN worked with Ware Malcomb and Brinkmann Constructors to design and build the advanced manufacturing facility to support BN’s growing customer programs. The facility further demonstrates BN’s continued commitment to advancing its engineering capability and manufacturing footprint in Colorado.
BN has experienced solid growth over the last several years by designing and developing critical subsystems for a variety of applications including undersea power & propulsion systems, thermal management systems, space-based applications, and advanced power generation & energy storage. To facilitate its growth, BN acquired property adjacent to the current campus and completed construction of the new building in early 2021. To support its growth plans, BN is looking for qualified machinists, technicians, and engineers from the Denver-metro area interested in being a part of a dynamic organization with an eye on the future to add to its growing team.
Congressman Perlmutter noted, “It was a privilege to join Barber-Nichols as they celebrate the opening of their new manufacturing facility in Arvada. The completion of this building is a great milestone, and I commend the Barber-Nichols team on their success as they continue to expand operations into a diverse array of industries and create good-paying jobs for our community.”
Matt Malone, General Manager of BN, commented, “Our new state-of-the-art manufacturing facility has successfully transformed our campus vision into reality. A special thank you to Ware Malcomb for the purpose-centric design, Brinkmann Constructors for the flawless construction execution and all our employees for the novel layout and process flow ideas. The new facility successfully links the office and manufacturing environments to enhance team collaboration, co-locates critical equipment to improve utilization and deliver velocity, and also integrates new advanced manufacturing equipment to further niche capabilities. Our next phase will focus on implementing a skills-based training program for our employees to bring additional education and learning opportunity inside these walls. The facility showcases our continued investment in advanced manufacturing in Colorado and will ensure prosperity for our community, employees, suppliers and customers.”
About Barber-Nichols LLC
Barber-Nichols LLC (BN) specializes in the design and production of turbomachinery systems for aerospace, cryogenic, defense, energy, and a variety of commercial applications. Products include systems with specialty compressors, fans, pumps, turbines, generators, motors, controllers, and more. BN has the ability to manage projects from design and analysis to prototyping and production. Since 1966 BN has been combining innovation with technical expertise to develop turbomachinery solutions for a growing array of diverse fields.
ABOUT GRAHAM CORPORATION
Graham is a global business that designs, manufactures and sells critical, highly-engineered equipment for the defense, energy, chemical/petrochemical, aerospace/space, medical, and technology industries. The Company’s Graham and Barber-Nichols’ global brands are built upon world-renowned engineering expertise in vacuum and heat transfer, cryogenics, and turbomachinery technologies, as well as the Company’s responsive and flexible service and unsurpassed quality.
Graham routinely posts news and other important information on its website, www.graham-mfg.com, where additional comprehensive information on the Company can be found. Additional information on its Barber-Nichols’ brand can be found at www.barber-nichols.com.
Media:
Lori Dille / Matt Malone
Barber-Nichols LLC
Phone: (303) 421-8111
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LONDON--(BUSINESS WIRE)--Argon & Co, the global management consultancy that specialises in operations strategy and transformation, is delighted to announce that it has acquired a specialist team of procurement consultants from Ayming.
Ayming’s UK Procurement and Supply Management consulting team has a proven track record of delivering large client engagements focused on procurement transformation, organisation design, strategic sourcing and digitalisation. Like Argon & Co, their in-depth market knowledge delivers sustainable results for their clients.
John Thorpe, Director of Ayming’s UK Procurement and Supply Management team, said, “We are thrilled to be joining Argon & Co. Our underlying philosophies are similar; we share the same approach to consulting and a passion for empowering our clients and colleagues.”
James Bousher, Director of Ayming’s UK Procurement and Supply Management team, commented, “Becoming part of Argon & Co will allow us to offer a broader range of management consultancy services to clients on a global basis.”
This move represents another step in Argon & Co’s expansion strategy, building on its existing procurement capability by enhancing its expertise and scale.
Richard Powell, Managing Partner of Argon & Co in the UK said, “Ayming’s procurement team has made a big impact within the UK market and we are delighted that they are joining our growing business. They have deep specialist knowledge within their team and will provide immediate value to our clients.”
Yvan Salamon, CEO of Argon & Co, added, “The Ayming procurement team are experts in their field, with an impressive set of credentials. We are pleased that they have joined us and will be adding to the procurement services that we already offer not only in the UK, but around the world.”
- ENDS –
Argon & Co
Argon & Co is a global management consultancy that specialises in operations strategy and transformation. Its expertise spans the supply chain, procurement, finance and shared services, working together with clients to transform their businesses and generate real change. Its people are engaging to work with and trusted by clients to get the job done.
Argon & Co has offices in Paris, London, Abu Dhabi, Amsterdam, Atlanta, Auckland, Chicago, Dusseldorf, Lausanne, Melbourne, Mumbai and Singapore.
Press contact
Dhara Voralia
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Tel: +44 (0) 845 644 6972
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