CHARLOTTESVILLE, Va.--(BUSINESS WIRE)--A new partnership between Apex Clean Energy (Apex) and Ducks Unlimited (DU) will improve wildlife habitat in the lower Illinois River Valley, a region crucial to community recreation and several species of winged wildlife.
Apex, a leading clean energy company, contributed $300,000 to Ducks Unlimited—the first recipient of the newly launched Apex Conservation Grant program. Through the program, nonprofit organizations are awarded funds to support targeted field conservation work in and around Apex’s project communities. The DU award is in support of Lincoln Land Wind, a project developed by Apex and owned by funds managed by Ares Management’s Infrastructure and Power strategy. The renewable power from the project is sold to McDonald’s and Facebook under long-term agreements.
DU will lead a project to improve more than 330 acres of habitat at Two Rivers National Wildlife Refuge, a migratory bird refuge in southwestern Illinois featuring 9,000 acres of floodplain habitat at the confluence of the Illinois and Mississippi Rivers.
“Beyond our work to accelerate the shift to clean energy, it’s critical for us to act and lead on sustainability,” said Apex President and CEO Mark Goodwin. “This partnership with Ducks Unlimited will restore crucial habitat corridors to improve forest health and longevity for many species.”
The project has two objectives: restore 324 acres of forested, emergent wetlands within the floodplain and implement nearly 20 acres of Timber Stand Improvements (TSI) to boost forest quality for bats and other wildlife species.
Flood-prone, former agricultural fields will be restored to seasonal wetlands that will permit refuge staff to mimic historic natural flooding conditions and provide healthy wetland forest habitat for wildlife, public recreation, flood storage, and water quality benefits.
The TSI aims to preserve mature, healthy trees on-site, retain dead trees for habitat, create quarter-acre bat-foraging openings in the forest, and reforest traditional hardwood species.
“Improving these forested wetlands will benefit a wide variety of ducks, shorebirds, bats, and fish,” said DU regional biologist in Illinois Michael Sertle. “Apex is an industry leader for clean water and wildlife, and we couldn’t achieve this tremendous project without them.”
Project funding also comes from the North American Wetlands Conservation Act, Rice Family Foundation, Dr. Scholl’s Foundation, Bass Pro Shops, and DU major donors.
About Apex Clean Energy
Apex Clean Energy was founded with a singular focus: to accelerate the shift to clean energy. Through origination, construction, and operation of utility-scale wind, solar, and storage facilities, distributed energy resources, and green fuel technologies, Apex is expanding the renewable frontier across North America. Our mission-driven team of more than 250 professionals uses a data-focused approach and an unrivaled portfolio of projects to create solutions for the world’s most innovative and forward-thinking customers. For more information about how Apex is building the energy company of the future, visit www.apexcleanenergy.com or follow us on Facebook, Twitter, and LinkedIn.
About Ducks Unlimited
Ducks Unlimited Inc. is the world's largest nonprofit organization dedicated to conserving North America's continually disappearing waterfowl habitats. Established in 1937, Ducks Unlimited has conserved more than 15 million acres thanks to contributions from more than a million supporters across the continent. Guided by science and dedicated to program efficiency, DU works toward the vision of wetlands sufficient to fill the skies with waterfowl today, tomorrow and forever. For more information on our work, visit www.ducks.org.
Media
Apex Clean Energy
Cat Strumlauf
Director | Corporate Communications
(434) 227-4196
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EV Charging Amenities Mesh Perfectly with Casata’s Micro Green Living Concept
MIAMI & AUSTIN, Texas--(BUSINESS WIRE)--#driveelectric--OBE Power, a leading private network of smart, distributed electric vehicle chargers in Florida, has partnered with Casata to offer Electric Vehicle Charging as a Service (EV CaaS) at their unique micro green living rental communities. The partnership will launch in Casata’s debut development in South Austin and expand to planned locations across Texas and the Southeast.
OBE Power’s Electric Vehicle Charging as a Service and digital platform allows Casata to integrate smart community charging into their unique sustainable-forward approach to the micro living experience. Miami-based OBE Power owns, installs, and manages the charging amenity. Property managers can oversee its administration through OBE Power’s user-friendly web portal, as well as track environmental benefits real time.
“This partnership allows us to expand our popular Host program into the important Texas and Southeastern markets and compound our effective reduction of greenhouse gases in the transportation sector,” according to OBE Power’s Managing Director Alejandro Burgana, “Installing chargers in multifamily properties removes the biggest barrier to consumer EV adoption – fear of not having a place to charge. With EV charging amenities available, residents can make the switch to an electric vehicle that costs less to ‘fuel,’ is faster, safer, less costly to operate and emits zero tailpipe pollution.”
“We’re excited to offer residents a cost-effective and convenient EV charging solution that adds value to our projects while helping reduce emissions,” says Zain Mahmood, Casata’s Co-Founder & COO.
Casata plans to partner with OBE Power at their next planned developments beginning with Casata San Marcos and roll out into other locations over the next two years.
As Electric Vehicle adoptions continue to accelerate, offering green amenities to residents can attract loyal tenants while also reducing emissions. Together OBE Power and Casata are committed to leading on sustainability to build a green future.
OBE Power, founded in 2017, is an Electric Vehicle Charging as a Service company. With OBE Power, multi-family residents, Fortune 500 corporate employees and university students can charge their electric vehicles where they work, live, and play. Their user-friendly app and web portal tracks vehicle usage and reports on environmental benefits real time. OBE Power makes charging fun, convenient, and impactful.
Casata is a new, Austin-based startup creating micro home rental communities across the state of Texas and beyond. With their first community in South Austin, they are pioneering their scalable, highly-amenitized model of micro living. Each independent Casata home is beautifully designed with open, efficient layouts and abundant natural light, and enhanced with smart home technology and outdoor patios. The community features multiple exciting events per week, put together by their unique “Campus Alchemist”, along with many other amenities such as electric vehicle charging. The combination of these features elevates Casata as an attractive alternative to traditional apartment living or single family rentals.
OBE Power
Alejandro Burgana
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305-546-5407
Casata
Zain Mahmood
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888-9-CASATA
Collaboration to provide fleet Electrification-as-a-Service to haulers to reduce capital and operating costs while lowering emissions
Positions XL Fleet to capitalize on the significant market opportunity from deploying clean vehicles and charging infrastructure across North America
BOSTON--(BUSINESS WIRE)--XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a leader in fleet electrification solutions for commercial and municipal fleets, announced an agreement with Rubicon, a software platform that provides smart waste and recycling solutions for businesses and governments worldwide, to bring XL Fleet’s offerings for fleet electrification to Rubicon’s network of waste and recycling hauler partners.
This will allow XL Fleet to grow its customer base by jointly approaching Rubicon’s expansive partner network with the Electrification-as-a-Service offering. XL Fleet aims to provide hybrid electric, plug-in hybrid and all-electric solutions, as well as deliver charging infrastructure through its XL Grid division, as a complete, end-to-end offering to Rubicon’s network of more than 7,000 vendor and hauler partners across the United States. XL Fleet and Rubicon can significantly accelerate fleet electrification in this space by reducing upfront costs and complexity. This also creates an opportunity for infrastructure investors to deploy significant capital into clean vehicle and charging infrastructure assets.
With over 150 million customer miles driven and more than 4,300 units on the road, XL Fleet is the leader in fleet electrification solutions for Class 2-6 commercial and municipal vehicles, with plans to expand its product offering into heavy duty applications including waste management. The company is excited to advance on its Electrification-as-a-Service offering and accelerate the electrification of Rubicon’s network of hauler partners.
“We are extremely proud to partner with technology leaders like Rubicon and bring our comprehensive fleet electrification solutions to its broad partner base of fleet managers within the waste management space,” said Tod Hynes, Founder and President at XL Fleet. “The market opportunity to help electrify the waste and recycling industry is significant as fleets look to meet their sustainability goals, and this collaboration expands and advances our existing efforts to capitalize on this growing opportunity. With the help of XL Fleet’s electrification offering, Rubicon will be able to offer solutions to its network of hauler partners, and bring enhanced cost-efficiency, convenience and performance to their fleets.”
“We are committed to securing smart waste and recycling solutions for our customers and partners, who are now increasingly looking to electrify their fleets and drive tangible sustainability success in their businesses and operations,” said David Rachelson, Chief Sustainability Officer at Rubicon. “With XL Fleet’s cutting-edge electrification solutions, analytics capabilities, and charging infrastructure solutions, we can deliver real value by streamlining the process of fleet electrification. Rubicon is looking forward to helping our sustainability-focused hauler partners electrify their recycling and waste management fleets with the help of XL Fleet’s comprehensive Electrification-as-a-Service suite of offerings.”
This latest partnership builds on XL Fleet’s existing initiatives in the waste and recycling space announced earlier this year, including a key partnership with refuse trucks provider Curbtender, to develop all-electric and plug-in hybrid vehicles. For sales inquiries related to this partnership, please contact: This email address is being protected from spambots. You need JavaScript enabled to view it..
About XL Fleet Corp.
XL Fleet is a leading provider of vehicle electrification solutions for commercial and municipal fleets in North America, with more than 150 million miles driven by customers such as The Coca-Cola Company, Verizon, Yale University and the City of Boston. XL Fleet’s hybrid and plug-in hybrid electric drive systems can increase fuel economy up to 25-50 percent and reduce carbon dioxide emissions up to 20-33 percent, decreasing operating costs and meeting sustainability goals while enhancing fleet operations. XL Fleet’s plug-in hybrid electric drive system was named one of TIME magazine's best inventions of 2019. For additional information, please visit www.xlfleet.com.
About Rubicon
Rubicon is a software platform that provides smart waste and recycling solutions for businesses and governments worldwide. Using technology to drive environmental innovation, the company helps turn businesses into more sustainable enterprises, and neighborhoods into greener and smarter places to live and work. Rubicon’s mission is to end waste. It helps its partners find economic value in their waste streams and confidently execute on their sustainability goals. Learn more at Rubicon.com.
Forward Looking Statements
Certain statements in this press release may constitute “forward-looking statements” within the meaning of the federal securities laws. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of management and are not predictions of actual performance. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements, including but not limited to failure to realize the anticipated benefits from the business combination; the effects of pending and future legislation; the highly competitive nature of the Company’s business and the commercial vehicle electrification market; litigation, complaints, product liability claims and/or adverse publicity; cost increases or shortages in the components or chassis necessary to support the Company’s products and services; the introduction of new technologies; the impact of the COVID-19 pandemic on the Company’s business, results of operations, financial condition, regulatory compliance and customer experience; the potential loss of certain significant customers; privacy and data protection laws, privacy or data breaches, or the loss of data; general economic, financial, legal, political and business conditions and changes in domestic and foreign markets; the inability to convert its sales opportunity pipeline into binding orders; risks related to the rollout of the Company’s business and the timing of expected business milestones; the effects of competition on the Company’s future business; the availability of capital; and the other risks discussed under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K filed on March 31, 2021, as amended and supplemented by the 10-K/A filed May 17, 2021, and other documents that the Company files with the SEC in the future. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. These forward-looking statements speak only as of the date hereof and the Company specifically disclaims any obligation to update these forward-looking statements.
XL Fleet Media:
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Rubicon:
Dan Sampson
Vice President of Marketing & Communications
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MINNEAPOLIS--(BUSINESS WIRE)--In a continued commitment to long-term, strategic succession planning, Brian Van Abel, Xcel Energy’s executive vice president and Chief Financial Officer, today announced Paul Johnson as Treasurer. Johnson currently serves as vice president of Investor Relations, and in this new role will lead both Treasury and Investor Relations teams and realign them into a combined organization.
Johnson will assume this new role as the current Treasurer, Sarah Soong, will leave the company for an opportunity in the health care insurance industry.
“Xcel Energy is a company that values succession planning, which is critical to building ongoing confidence with investors, stakeholders, employees and customers, and helps ensure the right talent is in place for seamless leadership transitions,” said Van Abel. “We are fortunate to have a strong talent pipeline at all levels of our organization and realigning the Treasury and Investor Relations areas will create synergies and give team members opportunities to expand their scope and expertise.”
With more than three decades of experience at Xcel Energy, Johnson has well-established relationships with the company’s credit rating agencies, investors, industry analysts and other external and internal stakeholders.
“Paul is recognized among analysts as one of the leading Investor Relations professionals in the industry, and we are pleased that he can bring his decades of success into this expanded role for the company.”
For more information about the company’s financial and operational performance, visit our Investor Relations website.
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.
Xcel Energy Media Relations
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www.xcelenergy.com
AMSTERDAM--(BUSINESS WIRE)--Remote Solution is partnering with Nowi to develop eco-friendly, solar-powered TV remote controls.
The objective of this collaboration is to bring sustainable solutions to market, using Remote Solution’s expertise in designing and manufacturing world-class remote controls and incorporating Nowi’s cost-effective and efficient energy harvesting Power Management IC (PMIC).
Worldwide, about 15 billion batteries are tossed into landfills each year - only about 2% are recycled. Solar-power eliminates battery changes and allows the remote control to be perpetually self-powered. By removing disposable batteries, Remote Solution alleviates the concerns of environmentally conscientious consumers.
Solar-powered remote controls also provide improved user experience. Televisions, media adapters and set-top boxes are virtually unusable without the remote. When the battery dies, consumers are forced to either look for suitable cells at home, purchase additional ones or contact customer support to understand the reasons behind their TV malfunction. Self-powered remote controls eliminate the added hassle and effort of swapping batteries for both customers and providers’ customer service departments.
Sustainability at the heart of Remote Solution’s development strategy
Remote Solution is renowned for enhancing user comfort by providing world-class remote-control solutions. With sustainability as its big focus in the recent years, it has been searching for technologies that would allow to develop eco-friendly products. Remote Solution now embraces cutting-edge energy harvesting technology, as part of their Corporate Social Responsibility strategy, as a way to develop new sustainable products. By doing away with battery changes, Remote Solution’s energy harvesting remote controls would contribute positively to the environment.
Remote Solution believes that adopting these environmentally-friendly, hassle-free ‘Energy Autonomous’ TV remote controls would contribute to ensuring a more sustainable future of consumer electronics by dispensing with disposable batteries in remote controls.
“Remote Solution designs and engineers connected products and solutions for Remote Control, IoT and Wireless Communication Modules industries. Nowi’s energy harvesting solutions fit perfectly our strategy to launch eco-friendly products.” comments Yoon Choi, General Manager at Remote Solution.
World’s smallest assembly footprint and lowest BOM cost energy harvesting PMIC
Nowi’s NH2 PMIC is designed to efficiently extract power from ambient energy sources, such as light and vibration, to charge a wide variety of energy storage elements. The NH2 PMIC is a revolutionary power management product as it has combined top energy harvesting performance -through its optimized Maximum Power Point Tracking feature- with a 98% reduction of the PMIC assembly bill-of-material (BOM) size and cost, enabling great efficiency in TV remote control applications.
Additionally, new developments in energy harvesting technology have significantly lowered the cost of implementation, making this innovative solution economically feasible in remote controls.
Simon van der Jagt, Nowi B.V. CEO, adds: “Nowi is excited to see the adoption of our energy harvesting technology in TV remote controls. The NH2 PMIC’s uniquely low-cost, small and simple implementation is a strong fit in TV remotes. As such, we believe our partnership with Remote Solution will be a further catalyst in the adoption of green technology by TV vendors and set top box providers.”
About Remote Solution
Remote Solution Co. Ltd., a privately held company established in 1994, is a global manufacturing leader of remote control devices and IoT solutions. The company develops and supports products for some of the world's foremost brands within the consumer electronics, service providers, and home control industries. For more information, visit www.remotesolution.com
About Nowi
Nowi is a private semiconductor firm founded in 2015, based in Delft, the Netherlands, with regional offices in the US and in Hong-Kong.
Nowi has developed a novel energy harvesting power management IC that combines top harvesting performance with the world’s smallest assembly footprint and lowest BOM cost. Thereby it simplifies the design process and lowers the threshold for any company to develop ‘Plug & Forget’ products.
For more information, visit www.nowi-energy.com
LinkedIn: /company/nowi | Twitter: @nowi_energy
Melissa O’Leary
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DUBLIN--(BUSINESS WIRE)--The "Ethyl Alcohol (Ethanol) Market - Growth, Trends, COVID-19 Impact, and Forecast (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The ethyl alcohol (ethanol) market size is projected to register a CAGR of over 5% during the forecast period (2021-2026).
Companies Mentioned
Key Market Trends
Fuel Segment to Dominate the Market Demand
North American Region to Dominate the Market
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Rising Demand for Ethanol as Biofuel
4.1.2 Increasing Demand for Ethanol in the Food Processing Industry
4.1.3 Growing Use in Beer Production
4.1.4 Stringent Government Policies to Restrict the Use of Fossil Fuels
4.2 Restraints
4.2.1 Increase in Awareness About the Ill Effects of Alcohol Consumption
4.2.2 Advent of Hybrid Electric Vehicles
4.2.3 Impact of the COVID-19 Outbreak
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.5 Import Export Trends
4.6 Price Trends
5 MARKET SEGMENTATION
5.1 Grade
5.2 Purity
5.3 Application
5.4 Geography
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Surging Demand to Produce Ethanol from Corn and Sugar
For more information about this report visit https://www.researchandmarkets.com/r/ig5dc5
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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CHICAGO & INCHEON, Korea & EL SEGUNDO, Calif.--(BUSINESS WIRE)--Today, Skyworks Aeronautics (“Skyworks”) announces the order of 100 eGyro™ electrically powered vertical take-off and landing (eVTOL) aircraft from a consortium of Mint Air (“Mint”) and Mobius.energy Corp (“Mobius”) with options for an additional 100 aircraft.
“A consortium led by Mint Air is committed to bringing safe, efficient, and cost-effective electric aircraft solutions to South Korea and we are absolutely thrilled they have selected our eGyro as their aircraft of choice to initiate operation of the leading eVTOL service in Korea. We look forward to performing our first public demonstrations of the eGyro in Korea and to launching the eGyro Urban Air Mobility (UAM) platform in the Korean market,” said John Michel, Co-Founder & Executive Director of Skyworks.
“We are pleased to announce the Skyworks eGyro as the launch UAM platform for Mint Air. The fundamental safety and performance advantages of the eGyro will enable Mint Air to accelerate the adoption of intra and inter-city passenger transport in Korea,” said Eugene Choi, Chief Executive Officer of Mint Air.
The consortium led by Mint Air and Skyworks signed a Letter of Intent (LOI) for exclusive partnership in South Korea. The consortium will collaborate with Skyworks to develop a pilot training program and maintenance and repair capability in Korea for efficient operation of eGyro fleet.
The eGyro will leverage Mobius’ novel battery module architecture and low total cost of ownership providing power-as-a-service business model. “The high energy density, unmatched power boost, and outstanding thermal management of the Mobius battery modules support our efforts to produce an aircraft with best-in-class range and performance. We are excited to be the UAM launch platform for the Mobius battery module and service”, said Don Woodbury, Skyworks’ Co-Founder & Chief Technology Advisor.
Jongwon “JP” Park, Chief Strategy Officer and Co-Founder of Mobius said, “Mobius’ is building a global aviation battery alliance and our partnership with Skyworks to bring the eGyro to the Korean market marks an important milestone. Skyworks is the first of many customers who recognized the performance and safety of Mobius’ battery.”
About Mint Air
Mint Air is a startup company in stealth mode until now building an Advanced Air Mobility Service in South Korea. Mint Air’s approach is to facilitate an ecosystem of partners to accelerate the adoption of electric flight in Korea. A former global engineering part manufacturing company, Mint Air will take advantage of its global business experience and network to accelerate the development of the Urban Air Mobility ecosystem in Asia-Pacific markets. Beginning with air taxi operation, Mint Air aspires to become a global electric aircraft manufacturing company building electric aircraft supply chain, developing critical part manufacturing capability, and eventually assembling eGyro in Korea. For more information about the company, visit www.mintair.kr
About Mobius
Mobius.energy is developing safe, light, and energy-efficient novel battery module architecture. The module’s high discharge rate provides on-demand power boost needed during the take-off of electric aircraft at 7C which can last over 6 minutes. Its equally high charge rate enables fast charging in less than 10 minutes. Its light, simple, and compact design enables easy maintenance, on-site swapping, and cost-effective re-use and recycling. Mobius’ goal is to build battery subscription, maintenance, and salvage service including the second life repurpose and the end-of-life recycling of batteries to enable circular economy and thereby contribute to decarbonization of the aviation industry. For more information about the company, visit www.mobius.energy
About Skyworks Aeronautics
Skyworks Aeronautics is the world leader in the science and technology of gyronautics, focusing on the design and development of high-performance gyroplanes. Skyworks gyroplanes provide more affordable, safer, and higher performance alternatives for runway-independent aircraft.
Skyworks has more than 40 patents with several more underway, all obtained in an effort to radically change not only the way gyroplanes are perceived, but also the way they are utilized. From mass personnel transportation, agriculture, defense, and border protection to changing the economies of developing nations, Skyworks' goal is to change the nature of vertical flight. For more information about the company, its products, and individual members of the Skyworks team, visit www.skyworks-aero.com
Steve G. Stevanovich
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+1 312 809 1076
Partnership Supports HighPeak Energy’s Commitment to ESG
ARLINGTON, Texas--(BUSINESS WIRE)--Priority Power Management, LLC (“Priority Power”), an independent energy services provider offering smart energy solutions and streamlined transitions to carbon neutrality, announced that it has entered into agreements with HighPeak Energy, Inc. (“HighPeak”) (NASDAQ: HPK), an independent oil and natural gas company engaged in the acquisition, development, and production of oil, natural gas, and NGL reserves, to electrify and power HighPeak’s drilling and operations partially with renewable solar powered energy.
Priority Power will develop an electric high-voltage (“EHV”) substation, medium voltage distribution systems and a 13-megawatt direct current solar photovoltaic facility located on 80 acres of HighPeak’s owned surfaceland north of Big Spring, Texas in Howard County, collectively the “Project Facility,” to provide HighPeak’s electrical power needs for its drilling activity and operations in its Flat Top area. The EHV substation will be interconnected with the ERCOT transmission grid via the local electric utility, have an initial capacity of up to 50 MVA and be designed for future expansion capability. The solar generation facility will be interconnected with HighPeak’s medium voltage distribution system that is energized from the new EHV substation, behind the utility meter.
Priority Power will develop, finance, engineer, construct, operate, and maintain the Project Facility. Priority Power will integrate and manage HighPeak’s existing and future electricity supply agreements with the solar powered energy generated from the solar generation facility.
Over the life of the contract, approximately 263 million kilowatt-hours of clean and reliable solar energy will be delivered to HighPeak, resulting in an estimated reduction of over 100,000 metric tons of CO2 emissions according to the Environmental Protection Agency (EPA).
Priority Power’s solution will provide HighPeak with a reliable and resilient private electrical network with no upfront capital, reduced operating cost, increased operational flexibility and a reduction of Greenhouse Gas emissions for an initial term of 10-years.
“In less than a year since the consummation of our business combination, we’ve proven our commitment to our ESG goals by dramatically reducing our operational truck traffic, flaring, and overall carbon footprint,” said Jack Hightower, Chief Executive Officer of HighPeak. “And we’re not stopping there; we have more efforts underway in 2021 and beyond, and this project with Priority Power will be a milestone for us in how we approach sustainability over the next decade.”
“Priority Power’s ability to develop, operate and maintain the substation, distribution and solar generation facility enables HighPeak to focus its resources on its core business processes of developing its oil and gas assets,” said John Bick, Chief Commercial Officer of Priority Power. “The impact to the environment and the increasingly favorable economics are the real rewards that await E&P companies like HighPeak who incorporate integrated electrification and solar power into their energy strategies. We recognize that HighPeak, like all of our customers, requires a specific and customized solution, which we are extremely proud to offer.”
About Priority Power Management, LLC
Priority Power is an independent energy solutions provider focused on energy infrastructure, energy transition program management, market intelligence operations, and energy structuring. Priority Power serves over 6,700 clients, totaling $2.7 billion in energy spend and 94 TWh of electricity managed across 31 states, including one-third of Texas’ Top 100 independent oil and gas producers and leading midstream and long-haul pipeline companies. Priority Power seeks to prioritize energy efficiency and leverage its engineering, procurement, construction, and market expertise to aid in decarbonization of the industrial economy. Additionally, through three separate Network Operations and Real Time Operations Centers, Priority Power operates and maintains several hundred privately-owned HV/MV transmission, substation, and distribution assets on behalf of its customer base. For more information on Priority Power, please visit www.prioritypower.com.
About HighPeak Energy, Inc.
HighPeak Energy is a publicly traded independent oil and natural gas company, headquartered in Fort Worth, Texas, focused on the acquisition, development, exploration and exploitation of oil and natural gas reserves in the Midland Basin in West Texas. For more information, please visit www.highpeakenergy.com.
Priority Power Contact:
Katherine Tappan
Investor Relations
501-951-5282
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HighPeak Energy Contact:
Ryan Hightower
Vice President, Business Development
817-850-9204
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Award Recognizes an Itron Customer for Delivering Breakthrough Solutions Created Through Itron’s Partner Enablement Programs
LIBERTY LAKE, Wash.--(BUSINESS WIRE)--#Itron--Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, is now accepting nominations for the third annual Itron Innovator Award. The award will recognize an Itron customer for driving excellence in innovation by taking advantage of Itron’s partner enablement programs to deliver value for smart utilities and smart communities. The winner will be announced at Itron Inspire 2021 (formerly Itron Utility Week), Itron’s premier, customer-focused event, which will be held in Palm Desert, California, as well as virtually, Oct. 1-8, 2021. Nominations are due by Friday, Aug. 13.
Submitted nominations must recognize an Itron customer who has successfully implemented a solution from Itron’s partner ecosystem. The solution must be deployed in the field or as proof of concept in a lab or a pilot and have successfully integrated with Itron technology; either Itron’s networks, distributed intelligence platform or back-office software. Preference will be given to solutions that are delivering quantifiable outcomes.
The 2019 Itron Innovator Award was awarded to Con Edison for its deployment of natural gas detectors, which were developed in collaboration with New Cosmos USA Inc. using Itron’s Milli™ 5 battery-optimized wireless communications module. The 2020 Itron Innovator Award was awarded to Australian energy utility Western Power for its Smart Lab in Perth, Western Australia, which was developed through Itron’s partner enablement program.
“We are committed to delivering innovative solutions to industry challenges through our partner ecosystem. Our program makes it easier for partners to integrate with Itron products and networks. Additionally, we’re committed to helping our partners promote their solutions to Itron customers,” said Linda Campbell, head of commercial partner enablement at Itron. “We are looking forward to presenting our third annual Itron Innovator Award to an Itron customer that has leveraged our ecosystem and indirectly, our partner enablement program, to solve a real-world problem.”
Itron’s vibrant partner ecosystem is essential in delivering innovative industrial IoT solutions to create a more resourceful world. With Itron’s ecosystem, cities and utilities are taking advantage of Itron’s partner network to deliver best-in-class solutions for today’s challenges such as improved operations and resource efficiency, enhanced safety and smart connected communities.
Submit an Itron customer, partner or project here by Aug. 13, 2021.
About Itron
Itron enables utilities and cities to safely, securely and reliably deliver critical infrastructure solutions to communities in more than 100 countries. Our portfolio of smart networks, software, services, meters and sensors helps our customers better manage electricity, gas and water resources for the people they serve. By working with our customers to ensure their success, we help improve the quality of life, ensure the safety and promote the well-being of millions of people around the globe. Itron is dedicated to creating a more resourceful world. Join us: www.itron.com.
Itron® is a registered trademark of Itron, Inc. All third-party trademarks are property of their respective owners and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated.
Itron, Inc.
Alison Mallahan
Senior Manager, Corporate Communications
509-891-3802
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LONDON--(BUSINESS WIRE)--Goldman Sachs Asset Management Division (“Goldman Sachs”) and Altor Fund IV (“Altor”) today announced that they have agreed to sell Navico, a global leader in marine electronics, to Brunswick Corporation (NYSE: BC), the largest recreational marine company in the world.
Navico is a leading provider of marine electronics to the recreational segment, selling its products under the Lowrance, Simrad, B&G, and C-MAP brands, and offering a full range of advanced marine electronics solutions. The product portfolio includes networked display systems, standalone displays, sonars, radars, autopilots, gyros, instruments as well as cartography and software products. Navico has also extended its portfolio of networked products into other areas such as trolling motors, integration and connectivity and digital services. Goldman Sachs and Altor acquired Navico in 2016 from Altor 2003 Fund, recognizing its value proposition arising from its being a pure-player in marine electronics, its strong R&D and product organization, and its differentiated brand strategy targeting distinctive customer segments.
Over the past 5 years, Goldman Sachs and Altor have worked with Navico’s management to further scale Navico globally, recruiting top talent in the industry, building a strong digital presence by launching e-commerce initiatives, and expanding its global footprint with a goal of becoming a global leader in recreational marine electronics.
“We are extremely proud of Navico’s growth and success under the leadership of Knut Frostad and the broader management team since our investment in 2016. Navico is a unique platform with exceptional technology, a long history as a pioneer of marine electronics and a deep connection to its customers. It has been a privilege to assist the company in its development, closely supported by the GS Value Accelerator. We are excited to see Navico joining forces with Brunswick to empower the next generation experience for customers,” said Michael Bruun, Head of the EMEA Private Equity business within Goldman Sachs Asset Management.
“We are thrilled to have found an excellent new home for Navico, and the combined group is very well placed to continue delivering exciting new products, services and experiences to customers globally. Navico has realized significant operational improvements across its business activities, and it has been a privilege to work with Navico’s visionary management team over the years,” said David Hess, Partner at Altor. “After a strong period of growth, we are very excited about joining the Brunswick family to further strengthen our offering and support our customers going forward,” said Knut Frostad, Navico’s President & CEO. “On behalf of everyone at Navico, we cannot wait to begin our journey with Brunswick and share our passion and dedication with their team. By working together, we will be able to deliver a unique and integrated customer experience.”
The selling shareholders and Marine Innovations Group AS were advised by Goldman Sachs Bank Europe SE, Sweden Bankfilial, Carnegie Investment Bank, Sullivan & Cromwell LLP and Wiersholm.
The closing of the transaction is anticipated during the second half of 2021, and is subject to, among other things, regulatory and antitrust review and approval.
About Navico
Navico is a leading marine electronics company selling products under the Lowrance®, Simrad®, B&G® and C-MAP® brands and with 239 years of combined heritage. Navico has about 2,000 employees globally and distribution in more than 100 countries worldwide. For more information, visit navico.com.
About Goldman Sachs Asset Management
Bringing together traditional and alternative investments, Goldman Sachs Asset Management provides clients around the world with a dedicated partnership and focus on long-term performance. As the primary investing area within Goldman Sachs (NYSE: GS), we deliver investment and advisory services for the world’s leading institutions, financial advisors and individuals, drawing from our deeply connected global network and tailored expert insights, across every region and market—overseeing more than $2 trillion in assets under supervision worldwide as of March 31, 2021. Driven by a passion for our clients’ performance, we seek to build long-term relationships based on conviction, sustainable outcomes, and shared success over time. Follow us on LinkedIn.
About Altor
Since inception, the family of Altor funds has raised some EUR 8.3 billion in total commitments. The funds have invested in excess of EUR 5 billion in more than 75 companies. The investments have been made in medium sized companies in Northern Europe with the aim to create value through growth initiatives and operational improvements. Among current and past investments are Dustin, CTEK, Eleda, OX2, RevolutionRace, Rossignol, SATS, and Trioworld. For more information, please visit www.altor.com.
About Brunswick
Headquartered in Mettawa, Ill., Brunswick Corporation’s leading consumer brands include Mercury Marine outboard engines; Mercury MerCruiser sterndrive and inboard packages; Mercury global parts and accessories including propellers and SmartCraft electronics; Advanced Systems Group, which includes industry-leading brands like MotorGuide, Attwood, Mastervolt, Blue Sea Systems, CZone, and ASG Connect system integrators; Land ’N’ Sea, BLA, Payne’s Marine, Kellogg Marine, and Lankhorst Taselaar marine parts distribution; Mercury and Quicksilver parts and oils; Bayliner, Boston Whaler, Crestliner, Cypress Cay, Harris, Heyday, Lowe, Lund, Princecraft, Quicksilver, Rayglass, Sea Ray, Thunder Jet and Uttern boats; Boating Services Network, Freedom Boat Club and Boat Class. For more information, visit brunswick.com
Goldman Sachs Bank Europe SE, Sweden Bankfilial (“GSBE”), is acting as financial adviser to Altor, Goldman Sachs Asset Management Division and Marine Innovations Group AS and no-one else in connection with the transaction described in this announcement. Neither GSBE nor its affiliates, nor their respective partners, directors, officers, employees or agents are responsible to anyone other than Altor, Goldman Sachs Asset Management Division and Marine Innovations Group AS for providing the protections afforded to clients of GSBE or for providing advice in connection with the transaction described in this announcement or for any other matters referred to herein.
For Goldman Sachs
Joseph Stein +44 207 774 4080
Dudley speaks with IHS Markit Vice Chairman Daniel Yergin for a new edition of CERAWeek Conversations – available at https://ondemand.ceraweek.com/cwc
WASHINGTON--(BUSINESS WIRE)--In the first episode of the CERAWeek Conversations series for 2021, Bob Dudley, chairman of the Oil and Gas Climate Initiative (OGCI), discusses how the post-pandemic recovery of energy demand “shows the size, scale and complexity” of the challenge to reduce global emissions and why “no one company, no one real industry [can do it alone].”
In a conversation with Daniel Yergin, vice chairman, IHS Markit (NYSE: INFO), Dudley discusses the organization’s initiatives for reducing emissions—including a target to reduce members’ methane emissions by 1/3 by 2024 from 2017 levels—and the development of technologies for carbon capture, utilization and storage (CCUS); the focus of OGCI’s $1 billion climate investment fund; and his thoughts on the IEA’s May 2021 report on pathways to net-zero emissions by 2050—"As the IEA says itself, it is a scenario, it’s not the scenario. This scenario has got a lot of attention and a lot of debate and that’s a good thing because it focuses everyone.”
The complete video is available at: https://ondemand.ceraweek.com/cwc.
Podcast version available: CERAWeek Conversations is also available via audio podcast on Apple Podcasts, Google Podcasts, Soundcloud, Spotify and Stitcher.
Selected excerpts:
Interview Recorded Wednesday, June 16, 2021
(Edited slightly for brevity only)
Watch the complete video at: https://ondemand.ceraweek.com/cwc.
New CERAWeek Conversations segments also include:
About CERAWeek Conversations:
CERAWeek Conversations features original interviews and discussion with energy industry leaders, government officials and policymakers, leaders from the technology, financial and industrial communities—and energy technology innovators.
The series is produced by the team responsible for the world’s preeminent energy conference, CERAWeek by IHS Markit.
The complete episode library is available at https://ondemand.ceraweek.com/cwc.
CERAWeek Conversations is also available via audio podcast on Apple Podcasts, Google Podcasts, Soundcloud, Spotify and Stitcher.
About IHS Markit (www.ihsmarkit.com)
IHS Markit (NYSE: INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 business and government customers, including 80 percent of the Fortune Global 500 and the world’s leading financial institutions. Headquartered in London, IHS Markit is committed to sustainable, profitable growth.
IHS Markit is a registered trademark of IHS Markit Ltd. and/or its affiliates. All other company and product names may be trademarks of their respective owners © 2021 IHS Markit Ltd. All rights reserved.
Jeff Marn
IHS Markit
+1 202 463 8213
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Press Team
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DUBLIN--(BUSINESS WIRE)--The "Cargo Inspection Market - Forecasts from 2021 to 2026" report has been added to ResearchAndMarkets.com's offering.
The global cargo inspection market is expected to grow at a compound annual growth rate of 5.24% over the forecast period to reach a market size of US$2,315.431 million in 2026, from US$1,619.444 million in 2019.
The market is expected to surge in the coming years, due to the increase in cargo trade, globally. Moreover, the rise in cross-border trade, free trade agreements, and the imperative need to protect high quality and value commodity goods and cargos, are expected to have a significant impact on the overall market growth, during the forecast period.
Moreover, major companies, globally, have been providing advanced and innovative cargo inspection services and solutions, which is also expected to be a major factor in the overall market growth, in the coming years.
For instance, Intertek, one of the major players in the market, provides cargo inspection services and reduces and minimizes commodity cargo trading risks with independent testing and inspection. The company helps in the protection of high-value and quality commodity cargos and substantially minimizes the risk of loss exposure, to all the respective parties involved.
Latest Developments.
Key Topics Covered:
1. Introduction
1.1. Market Definition
1.2. Market Segmentation
2. Research Methodology
2.1. Research Data
2.2. Assumptions
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.4. Industry Value Chain Analysis
5. Global Cargo inspection Market Analysis, By Component
5.1. Introduction
5.2. Hardware
5.3. Software
5.4. Services
6. Global Cargo inspection Market Analysis, By Industry vertical
6.1. Introduction
6.2. Mining
6.3. Oil and Gas
6.4. Agriculture
6.5. Others
7. Global Cargo inspection Market Analysis, by Geography
7.1. Introduction
8. Competitive Environment and Analysis
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/2lwedf
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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SAN JOSE, Calif.--(BUSINESS WIRE)--QuantumScape Corporation (NYSE: QS), a leader in the development of next generation solid-state lithium-metal batteries for use in electric vehicles, today announced that it is set to join the broad-market Russell 3000 Index and Russell 1000 Index at the end of the 2021 Russell indexes annual reconstitution, effective after the U.S. markets open on June 28, 2021.
Membership in the U.S. all-cap Russell 3000 Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000 Index, as well as the appropriate growth and value-style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings, and style attributes.
“We have been working for over a decade to create a longer range, faster charging and safer battery that can narrow the performance gap between EVs and internal combustion engine-powered vehicles,” said Jagdeep Singh, CEO and co-founder of QuantumScape. “Inclusion in the Russell indexes is a positive milestone on our journey, and we hope it will help generate broader awareness of the unique commercial opportunity represented by our solid-state lithium-metal technology and its ability to help the automotive sector transition to cleaner, electrified powertrains.”
More information on the Russell 3000 Index and the Russell indexes reconstitution is available on the FTSE Russell website.
About QuantumScape Corporation
QuantumScape is a leader in developing next generation solid-state lithium-metal batteries for electric vehicles. The company’s mission is to revolutionize energy storage to enable a sustainable future. For more information, please visit www.quantumscape.com.
Forward-Looking Statements
The information in this press release includes a “forward-looking statement” within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, including, without limitation, regarding the development, timeline and performance of QuantumScape’s products and technology are forward-looking statements.
These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside QuantumScape’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to the following: (i) QuantumScape faces significant barriers in its attempts to scale and complete development of its solid-state battery cell and related manufacturing processes, and development may not be successful, (ii) QuantumScape may encounter substantial delays in the development, manufacture, regulatory approval, and launch of QuantumScape solid-state battery, any of which could prevent QuantumScape from commercializing products on a timely basis, if at all, and (iii) QuantumScape may be unable to adequately control the costs of manufacturing its solid-state separator and battery cells. QuantumScape cautions that the foregoing list of factors is not exclusive. Additional information about factors that could materially affect QuantumScape is set forth under the “Risk Factors” section in the QuantumScape’s registration statement on Form S-1 filed with the Securities and Exchange Commission on May 17, 2021 and available on the SEC’s website at www.sec.gov.
Except as otherwise required by applicable law, QuantumScape disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. Should underlying assumptions prove incorrect, actual results and projections could different materially from those expressed in any forward-looking statements.
For Investors
John Saager, CFA
Head of Investor Relations
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DALLAS--(BUSINESS WIRE)--Pioneer Natural Resources Company (NYSE:PXD) today announced the addition of Lori George Billingsley to the company’s board of directors effective immediately.
Ms. George Billingsley is the Global Chief Diversity, Equity and Inclusion (DEI) Officer for The Coca-Cola Company (TCCC). In this role, she leads TCCC’s DEI Center of Excellence, designed to support a more engaged global workforce and inclusive culture that best positions the employees of the company to drive growth. During her 19 years with TCCC, Ms. George Billingsley has held numerous roles with increasing responsibility in public relations and communications. Most recently she served as Vice President of Community and Stakeholder Relations for Coca-Cola North America.
She currently serves on the Board of Directors of the Congressional Black Caucus Foundation, Inc. (Chair), NAACP Foundation, ColorComm and The Coca-Cola Foundation. She is a member of the Howard University School of Communications Board of Visitors and the former Co-Chair of American University’s Women’s Network. She is a member of the Executive Leadership Council and Co-Chairs TCCC’s Political Action Committee.
Pioneer Chief Executive Officer, Scott D. Sheffield said, “We are extremely pleased to have Lori join our Board of Directors. Diversity and inclusion are Core Values at Pioneer, and Lori’s leadership will strengthen Pioneer’s ability to attract, retain and develop a best-in-class workforce, while also helping us engage meaningfully and effectively with our stakeholders and the communities where we live and operate.”
“In addition, we will absolutely call on Lori’s vast corporate, foundation and communications experience, as well as her relationships with leaders across the country, to help the company successfully navigate the changing global energy landscape,” added Chairman of the Board J. Kenneth Thompson.
Ms. George Billingsley stated, “Joining Pioneer’s board is an exciting opportunity to bring my skill set and perspective to a new industry. The commitment Pioneer makes to its people and the communities where they live and work is impressive. I am looking forward to helping Pioneer continue to lead on issues ranging from diversity and inclusion to emissions reductions.”
Ms. George Billingsley earned her Bachelor of Arts in Public Relations from Howard University and her Master of Arts in Public Communications from American University. In 2019, she completed a 13-month Executive Leadership Experience Program at Harvard Business School. She is an ordained minister.
Pioneer is a large independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations in the United States. For more information, visit Pioneer’s website at www.pxd.com.
Pioneer Natural Resources Contacts:
Investors-
Neal Shah – 972-969-3900
Tom Fitter – 972-969-1821
Greg Wright – 972-969-1770
Media and Public Affairs-
Tadd Owens – 972-969-5760
SEATTLE--(BUSINESS WIRE)--#Corporatehealthandsafety--Remote Medical International (RMI), a global leader in workplace health and safety services for Fortune 100 corporations and government services prime contractors, announced it received the Vanguard Award for medium companies from the International Stability Operations Association. The award recognizes businesses that go above and beyond in the government contracting community and exemplify the association's ideals, including accountability, transparency, and ethics.
“ISOA member companies are committed to long-term stability and growth in the world’s most unstable places. Their efforts involve long hours, difficult decisions, and high risk. RMI has repeatedly demonstrated excellence in their work and dedication to the ideals of ISOA. We are proud to honor them with this award,” said Howie Lind, President and Executive Director of the International Stability Operations Association.
The award recognized RMI for providing health and safety support to companies operating in remote locations worldwide. RMI won the Vanguard Award for small companies in 2019. It is the fourth ISOA award RMI has received.
“Our teams work globally to ensure the health and safety of the world’s most essential workers in the planet’s most challenging and dangerous environments,” said Wayne Wager, RMI’s CEO. “This award reflects our teams’ skill, knowledge, ability, and the dedication to making the world a safer place. We are happy to accept it on their behalf.”
The ISOA is the only worldwide association representing the stability sector exclusively and effectively. The nonprofit association serves as the primary point of strategic engagement for the government and private sector in support of global stability operations. Its partnerships, educational and networking events, and advocacy efforts help strengthen its members’ important work—providing critical services in fragile environments in an accountable, transparent and ethical way.
About RMI
Remote Medical International saves lives and protects the health and wellbeing of workers in diverse job sites, from remote pipeline installations to offshore wind and maritime operations. The company has been recognized six times by Inc. 5000 as one of the fastest-growing companies in the United States and works with Fortune 100 corporations and government services prime contractors.
Bonnie Quintanilla
Clarity Quest
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877-887-7611
Move Begins to Welcome Larger Vessels
HOUSTON--(BUSINESS WIRE)--The Port Commission of the Port of Houston Authority met virtually in regular session on Tuesday. Port Chairman Ric Campo opened the meeting by sharing the “good news” that the Houston Pilots have taken the first step towards bringing longer vessels to the Houston Ship Channel.
Following the vote of 96% of the Houston Pilots in favor of bringing larger vessels to the channel, Chairman Campo reported that the Houston Pilot Board met last week to hear public comment on the matter. Joining with cargo industry members, including representatives of the petrochemical and container industry, Chairman Campo expressed his support of a Pilot Board rule to permit the change.
The rule would allow pilots to bring ships up to 1,120 feet in length to Port Houston’s Bayport and Barbours Cut terminals.
Chairman Campo added that allowing these larger ships to call Houston will result in “more cargo and more jobs” and economic benefits for the entire Gulf region. Chairman Campo congratulated Houston Pilots Presiding Officer Captain Robert Thompson and the other pilots for gaining the experience to permit this change.
Chairman Campo also mentioned that the Port Commission met in a special session last week and authorized the Executive Director to negotiate the Project Partnership Agreement, or PPA, with the U.S. Army Corps of Engineers for Project 11, the latest Houston Ship Channel expansion program.
Port Houston’s leadership team recommended a PPA that could include all of the separable elements of the channel project, except for the reach of the Galveston Bay between Bayport and Barbours Cut.
Port Houston June 22 Regular Meeting highlights:
The Port Commission approved a nearly $37 million contract to purchase three dockside electric container cranes for Wharf No. 6 at Bayport. This new equipment and container yard are all part of the Bayport terminal 6, a $200 million development plan, to stay ahead of the continuing growth in cargo volume.
Port Houston continues to focus on sustainability as it facilitated three Sustainability Action Team workshops in June. Port Houston will also soon participate in the Future of Global Energy Conference, sponsored jointly by the Greater Houston Partnership and Center for Houston’s Future.
This month Port Houston joined the International Energy Agency’s Clean Energy Ministerial in launching a Global Hydrogen Ports Coalition, to advance global collaboration aimed at accelerating the use of hydrogen at shipping ports. Port Houston has also joined the BlueSky Maritime Coalition as a founding member, to target decarbonization in shipping through operational efficiency, policy, finance, and technology innovations.
Executive Director Roger Guenther said in his staff report, “Cargo tonnage continues to soar at Port Houston facilities.” Port Houston terminals have recorded an increase of 8% over last year, with a total of 1,315,166 TEUs so far in 2021. This is a 9% increase over a previous record year in 2019. “It seems that every week we are setting new records,” Guenther added.
Port Houston will launch its Business Equity procurement initiative in July. “We plan to provide an update to commissioners in July of those projects targeted for contract goal-setting, to support Small and Minority- and Woman-owned Business participation in Port Houston projects,” Guenther said.
The next Port Commission meeting is scheduled for July 20.
About Port Houston
For more than 100 years, Port Houston has owned and operated the public wharves and terminals along the Houston Ship Channel, including the area’s largest breakbulk facility and two of the most efficient and fastest-growing container terminals in the country. Port Houston is the advocate and a strategic leader for the Channel. The Houston Ship Channel complex and its more than 200 public and private terminals, collectively known as the Port of Houston, is the nation’s largest port for waterborne tonnage and an essential economic engine for the Houston region, the state of Texas, and the U.S. The Port of Houston supports the creation of nearly 1.35 million jobs in Texas and 3.2 million jobs nationwide, and economic activity totaling $339 billion in Texas – 20.6 percent of Texas’ total gross domestic product (GDP) – and $801.9 billion in economic impact across the nation. For more information, visit the website at www.PortHouston.com.
Lisa Ashley, Director, Media Relations
Office: 713-670-2644; Mobile: 832-247-8179
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NEW YORK & MIAMI--(BUSINESS WIRE)--Blade Air Mobility, Inc. (“Blade”, NASDAQ: BLDE) and Eve Urban Air Mobility Solutions, Inc. (“Eve”), a subsidiary of Embraer S.A. (“Embraer,” NYSE: ERJ), announced an arrangement for Eve to provide Blade up to 60,000 hours of flight time per year on its EVA beginning in 2026 for use in Southern Florida and West Coast markets, subject to certain considerations.
Backed by Embraer’s more than 50-year history of aircraft manufacturing and certification expertise, Eve unveils a unique value proposition by offering a suite of products and services. Eve’s zero-emission and low noise EVA represents a simple and intuitive design that continues to reach development milestones, including the first flight of the engineering simulator in July 2020, and a proof of concept in October 2020. In parallel, Eve’s Urban Air Traffic Management project reached a new milestone in its collaboration with the United Kingdom’s Civil Aviation Authority to develop a scalable environment needed to host UAM flights.
“Blade is aligned with our mission as they have created a platform that provides the user seamless access to Urban Air Mobility, and now with Eve to provide an experience that is quiet and without emissions. The company’s platform will be instrumental in deploying our aircraft in key markets in South Florida and the West Coast of the United States. This partnership with Blade is the next step in unlocking the future of mobility in these key areas and marks an exciting time for both companies,” said Andre Stein, President & CEO of Eve.
Eve plans to deploy, together with local partners, up to 60 aircraft for Blade’s use throughout the United States beginning in 2026. Blade will pay for flight time utilized on Eve’s aircraft, which will be made available by Eve and other third-parties. The deployment of Eve aircraft across the Blade network is subject to the parties entering into definitive final agreements.
“Blade is pleased to partner with Eve, leveraging Embraer’s deep aerospace expertise to provide Blade with quiet, zero-carbon, electric aircraft," said Rob Wiesenthal, CEO of Blade. “Eve’s aircraft provides ideal operating economics for Blade’s shorter distance routes, adding to our three other recently announced EVA partnerships which, together, can optimize service for Blade’s wide variety of mission profiles and regional hubs.”
About Blade
Blade is a technology-powered urban air mobility platform committed to reducing travel friction by providing cost-effective air transportation alternatives to some of the most congested ground routes in the U.S. and abroad. Today, the company predominantly uses helicopters and amphibious aircraft. Its asset-light model, coupled with its exclusive passenger terminal infrastructure, is designed to facilitate a seamless transition to Electric Vertical Aircraft ("EVA" or “eVTOL”), enabling lower cost air mobility to the public that is both quiet and zero emissions.
For more information, visit blade.com/investors.
About Eve
Eve is a new, independent company dedicated to accelerating the Urban Air Mobility (UAM) ecosystem. Benefitting from a startup mindset, backed by Embraer’s more than 50-year history of aerospace expertise, and with a singular focus, Eve is taking a holistic approach to progressing the UAM ecosystem, with an advanced electric vertical takeoff and landing vehicle (eVTOL) project, a comprehensive global services and support network, and a unique air traffic management solution. Eve is the first company to graduate from EmbraerX. For more information, visit www.eveairmobility.com.
About Embraer
A global aerospace company headquartered in Brazil, Embraer has businesses in Commercial and Executive aviation, Defense & Security and Agricultural Aviation. The company designs, develops, manufactures and markets aircraft and systems, providing Services & Support to customers after-sales.
Since it was founded in 1969, Embraer has delivered more than 8,000 aircraft. On average, about every 10 seconds an aircraft manufactured by Embraer takes off somewhere in the world, transporting over 145 million passengers a year.
Embraer is the leading manufacturer of commercial jets up to 150 seats and the main exporter of high value-added goods in Brazil. The company maintains industrial units, offices, service and parts distribution centers, among other activities, across the Americas, Africa, Asia and Europe.
Forward Looking Statements
This press release contains certain “forward-looking statements” within the meaning of the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “anticipate”, “believe”, “could”, “continue”, “expect”, “estimate”, “may”, “plan”, “outlook”, “future” and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Such forward-looking statements, including with respect to the agreement between Blade and Eve, are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Blade’s control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. These risks, uncertainties, assumptions and other important factors include, but are not limited to: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of the agreements and transactions described in this press release; (2) the inability to complete the transactions due to the failure of any party to satisfy relevant terms and conditions; (3) costs related to the transactions; (4) changes in applicable laws or regulations and delays in obtaining, adverse conditions contained in, or the inability to obtain necessary regulatory approvals required to complete the transactions; (5) the possibility that Blade may be adversely affected by other economic, business, regulatory and/or competitive factors; (6) the impact of COVID-19 on Blade’s business and/or the ability of the parties to complete the transactions; and (7) the outcome of any legal proceedings that may be instituted against Blade or any of its directors or officers, following the announcement of the transactions.
New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect us or the transactions described in this press release. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made, and Blade undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, changes in expectations, future events or otherwise.
For Blade Media Relations
Phil Denning / Nora Flaherty
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Mike Callahan / Tom Cook
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Lauren Cozza
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For Eve Media Relations Brazil
Ricardo Donizetti Dos Santos
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BRYN MAWR, Pa.--(BUSINESS WIRE)--First paragraph, first sentence of release dated June 23, 2021, should read: ...following market close on Aug. 4, 2021. (instead of ...following market close on Aug. 5, 2021.).
The updated release reads:
ESSENTIAL UTILITIES TO REPORT EARNINGS FOR Q2 2021
Essential Utilities Inc. (NYSE: WTRG) expects to report earnings for the quarter ended June 30, 2021 following market close on Aug. 4, 2021.
The company’s conference call with financial analysts will take place on Thursday, Aug. 5, 2021 at 11 a.m. Eastern Daylight Time. The call and presentation will be webcast live so interested parties may listen over the internet by logging on to Essential.co and following the link for Investors. The conference call will be archived in the Investor Relations section of the company’s website for 90 days following the call. Additionally, the call will be recorded and made available for replay at 2 p.m. on Aug. 5, 2021 for 10 business days following the call. To access the audio replay in the U.S., dial 888.203.1112 (pass code 6175168). International callers can dial +1 719.457.0820 (pass code 6175168).
About Essential
Essential is one of the largest publicly traded water, wastewater and natural gas providers in the U.S., serving approximately 5 million people across 10 states under the Aqua and Peoples brands. Essential is committed to excellence in proactive infrastructure investment, regulatory expertise, operational efficiency and environmental stewardship. The company recognizes the importance water and natural gas play in everyday life and is proud to deliver safe, reliable services that contribute to the quality of life in the communities it serves. For more information, visit http://www.essential.co.
WTRGF
Brian Dingerdissen
Essential Utilities Inc.
Investor Relations
O: 610.645.1191
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Erin O’Donnell
Communications
412.266.2446
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Sends Letter Detailing How Current Board’s Lack of Oversight and Failure to Challenge CEO Jim Park is Costing Shareholders Significant Opportunities for Value Creation
Company’s Current Strategy is Unsustainable Given Significant Debt Levels, Elevated Costs Compared to Peers and Lack of Scale
Shareholders Should Vote AGAINST Incumbent Directors Robert Bedingfield, Constantin Papadimitriou, Pedro Aylwin and James Park Using Either GeoPark’s Proxy Card or the BLUE Proxy Card Being Furnished by Gerald O’Shaughnessy
WICHITA, Kan.--(BUSINESS WIRE)--Gerald O’Shaughnessy, the co-founder, former Chairman and second largest shareholder of GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK) today issued an open letter to GeoPark shareholders.
The full text of the letter follows:
June 24, 2021
Dear Fellow Shareholders,
As many of you know, I co-founded GeoPark (“GeoPark” or the “Company”) (NYSE: GPRK) in 2002 and currently hold 10.7% of the outstanding shares of the Company, making me its second largest shareholder. I am writing to you now because I am deeply concerned about the path the Company is currently on.
In my view, the issues plaguing the Company stem from a common source: for years, Jim Park has been allowed to operate as an imperial CEO, abetted by certain members of the Board of Directors (the “Board”) who have blindly followed Mr. Park and failed to exert basic oversight over management or the Company’s strategy.
During my time on the Board, I coaxed and explicitly urged my former fellow directors to exercise greater independence from management in fulfillment of their fiduciary duty to all shareholders, especially in relation to shareholder value enhancement and corporate governance initiatives – including most recently the consideration of potential strategic alternatives for GeoPark. Unfortunately, these efforts have persistently failed, resulting ultimately in my sudden removal as Chairman and subsequent resignation as a director following notice that I would not be re-nominated at the upcoming Annual General Meeting (the “AGM”). It is disappointing that, in its June 22 response letter, the Company is continuing to rely on generic corporate speak and ambiguous excuses rather than addressing the core issues facing GeoPark.
These circumstances have left me with no other option than to write to you publicly – both to ensure you understand the extent of the Board’s fundamental lack of true independence from Mr. Park, which has created a state of affairs wherein the Company is failing to seriously consider important strategic options with the strong potential to maximize shareholder value – and to propose a new pathway to rectify this situation. This is why I urge you to vote AGAINST incumbent directors Robert Bedingfield, Constantin Papadimitriou, Pedro Aylwin and James Park at the upcoming AGM to be held on July 15, 2021.
A vote against these incumbents will send a clear message to the Board that it must listen to concerned shareholders and it must not continue down its current path. In considering your vote at the upcoming AGM, I urge you to review the following:
GeoPark’s Current Financial and Strategic Position is Untenable
These are challenging times for the E&P industry. Competition from alternative sources of energy is increasing given well-known pressures to move towards lower carbon economies. Companies in the sector – particularly small-cap firms – must evolve in efficiency and scale to remain competitive. There is a pathway for companies in this position to provide attractive returns to investors, but it requires disciplined operations, cutting costs, selling non-core assets, reducing leverage and returning capital to shareholders at an accelerated pace – all while achieving growth and scale.
GeoPark’s assets in the Colombian basin are world class. To ensure shareholders realize the full benefit from these assets, they deserve a board that will objectively evaluate the Company’s strategy and operating performance (particularly with respect to its non-Colombian assets), promote greater discipline in investment projects and carefully consider all strategic alternatives to maximize shareholder value. Unfortunately, that is not currently the case at GeoPark.
GeoPark is presently highly levered, and in fact has the highest debt-to-capitalization ratio among its peers. A significant portion of GeoPark’s free cash flow is being used to fund a modest exploration and development program and service debt. These elevated levels of debt also require the Company to hedge oil production at prices near $60 in 2021 and near $70 in 2022. This hedging will limit the Company’s upside when oil and gas prices rise – as they have done recently with oil prices rising to above $70 per barrel – and this is causing GeoPark to underperform those peers with the balance sheet strength to allow less extensive hedging and higher benefit in the current pricing environment. High levels of debt also prevent the Company from returning capital to shareholders through buybacks and greater dividends.
While the Colombia assets have significant value, GeoPark’s projects in other South American countries, such as Chile, are losing money and forcing the Company to take large impairment losses. Support for multiple sub-economic projects outside GeoPark’s core asset base in Colombia has led to above average corporate general & administrative expenses on both a per employee and BOE basis. Approximately 40% of the Company’s employees in 2020 were located outside of Colombia and poor cost discipline has resulted in negative returns from these non-core operations. The Board has not held the CEO sufficiently accountable for these strategic failures. This is a recipe for ongoing stagnation and a loss of value for shareholders.
To ensure shareholders realize the full benefit of GeoPark’s world-class Colombian assets, the Board should do the following:
GeoPark Should Be Exploring Strategic Alternatives
The oil and gas industry is currently experiencing a resurgence of M&A activity. In-basin consolidations that result in improved scale have strongly rewarded investors. GeoPark may have excellent opportunities to capitalize on this dynamic by exploring potential strategic alternatives, partnerships or combinations. The Board should be open to considering all options to maximize shareholder value and should carefully evaluate such alternatives to ensure that the Company is best positioned for success for the benefit of all its shareholders.
Against this backdrop, in May, I was asked by certain GeoPark directors to maintain discussions with certain parties who had approached me directly as Chairman regarding certain potential business transactions that would address the strategic concerns discussed above. However, it soon became clear to me that a major impediment to achieving the best possible transaction for GeoPark’s shareholders was the general perception in the marketplace, including comments shared with me directly, that Mr. Park insists on his management team leading any entity resulting from a strategic business combination. This has materially limited the universe of potential partners.
Within days of sharing this concern with some of the Board members, as well as other related concerns expressed by potential counter-parties about our CEO’s lack of transparency, I was asked to resign as Chairman.
Shareholders should not allow Mr. Park to thwart efforts to capitalize on potential strategic options that would be in the best interests of the Company and all its shareholders.
The Incumbent Board Lacks Independence and Has Failed to Properly Oversee Mr. Park
The unfortunate reality is that Mr. Park exerts near total control over a pliable Board. Unfortunately, in its June 22 letter to shareholders, GeoPark makes a clear attempt to distract shareholders from the key issues about what can actually create value at the Company. Consider the following examples:
The bottom line is that the current Board is largely subservient to Mr. Park, who is opaque in his disclosures to the board as a whole about this and other important matters, and this situation must be rectified.
Change is Urgently Needed at Board Level
While it is too late to nominate director candidates for election at the July 15 AGM, it is clear that change is needed on GeoPark’s Board. Voting AGAINST these four incumbents – Robert Bedingfield, Constantin Papadimitriou, Pedro Aylwin and James Park – would send a strong message that shareholders will not accept the status quo.
On June 18, I sent an open letter to the Board formally requesting it revise the slate it was proposing for the upcoming AGM to re-include me as well as three additional independent directors to bolster oversight. I stated I would not serve either as Chair or on any key committees where independence concerns would suggest my participation is inadvisable because of my prior role. I proposed that the Board should be constituted so that GeoPark keeps its status as a foreign private issuer and that a majority of its directors be considered independent under prevailing analyses. I further stated that I believed that Ms. Escovar should remain as Chair and that Ms. Suarez should be nominated as the Board had proposed. I suggested that the directors who would step off could be discussed, and the number of directors could be increased, if necessary.
Unfortunately, the Board has not indicated any willingness to engage in a constructive dialogue on these matters, despite several requests made on my behalf for dialogue and settlement of these issues, which I believe leaves shareholders with no choice but to express disapproval by voting against four incumbent directors who are most at fault for promoting the subservient culture in the boardroom.
***
A vote AGAINST four incumbent directors is a vote to send a message to the GeoPark that change is needed on the Board at GeoPark that will benefit all of the Company’s shareholders. You can vote AGAINST these directors either by voting on GeoPark’s proxy card, or by voting on the BLUE proxy card included in these materials.
Thank you for your support.
Sincerely,
Gerald E. O’Shaughnessy
VOTE AGAINST FOUR GEOPARK DIRECTOR NOMINEES TO SIGNAL THAT YOU DEMAND CHANGE IN ORDER TO PROTECT YOUR INVESTMENT
Investors:
D.F. King & Co., Inc.
Edward McCarthy / Richard Grubaugh
(212) 269-5550
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Media:
Sloane & Company
Dan Zacchei / Joe Germani
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Ronks Travel Center Located in Heart of Amish Country
WESTLAKE, Ohio--(BUSINESS WIRE)--TravelCenters of America Inc. (Nasdaq: TA), nationwide operator of the TA, Petro Stopping Centers and TA Express network, is pleased to announce the opening of a new TA Express in Ronks, Pennsylvania, located in the heart of Lancaster County’s Amish Country. The area is visited by thousands of tourists annually with a variety of attractions including covered bridges, hiking trails, restaurants and art galleries. The new TA Express is a franchised site, formerly known as Lancaster Travel Plaza, offering fueling, convenience items, dining options and other services for tourists and professional drivers.
Located at 2622 Lincoln Highway East, TA Express Ronks offers a convenient place for travelers heading through Pennsylvania’s state capitol of Harrisburg to U.S. Route 30 and through Lancaster County, en route to the beaches on the eastern coast of the U.S. Professional drivers will receive the benefits of TA’s UltraONE loyalty program and other highly regarded services. Amenities include:
This is the first TA Express to open in Pennsylvania and increases TA’s total nationwide network of travel centers to 274, including 41 franchised locations.
“We anticipate more traffic in our travel centers as families start to take road trips again after the long pandemic,” said Dave Raco, Vice President of Franchising. “The TA Express in Ronks is strategically located in a place where our services are needed; it offers a quick, clean and convenient option for all travelers as they visit Lancaster County and drive along this popular route.”
Network growth is a key component of TA’s transformation and TA is focused on franchising to expand its footprint.
About TravelCenters of America
TravelCenters of America Inc. (Nasdaq: TA) is the nation's largest publicly traded full-service travel center network. Founded in 1972 and headquartered in Westlake, Ohio, its nearly 20,000 employees serve customers in over 270 locations in 44 states and Canada, principally under the TA®, Petro Stopping Centers® and TA Express® brands. Offerings include diesel and gasoline fuel, truck maintenance and repair, full-service and quick-service restaurants, travel stores, car and truck parking and other services dedicated to providing great experiences for its guests. TA is committed to sustainability, with its specialized business unit, eTA, focused on sustainable energy options for professional drivers and motorists, while leveraging alternative energy to support its own operations. TA operates over 600 full-service and quick-service restaurants and nine proprietary brands, including Iron Skillet® and Country Pride®. For more information, visit www.ta-petro.com.
Tina Arundel
TravelCenters of America
216-389-3028
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