NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

TORONTO--(BUSINESS WIRE)--Sherritt International Corporation (“Sherritt”) (TSX: S), a world leader in the mining and refining of nickel and cobalt, today announced that it has received a combined total of US$28 million in distributions as a result of the latest dividend declared by the Moa Joint Venture (“Moa JV”).

The combined total consists of Sherritt’s 50% share of the distribution, or US$14 million, and US$14 million re-directed by the General Nickel Company, Sherritt’s joint venture partner, from its 50% share to be applied against amounts owed to Sherritt from Energas. Through June 4, Sherritt has received a total of US$33 million in distributions from the Moa JV in 2021.

“The receipt of 100% of dividends declared by the Moa JV is indicative of strong operational performance and improved nickel and cobalt prices in 2021,” said Leon Binedell, President and CEO of Sherritt International. “Just as important, it demonstrates the flexibility and resourcefulness of our Cuban partners in addressing overdue amounts owed in light of the economic challenges the country faces as a result of ongoing U.S. sanctions and the impact of COVID-19.”

The Corporation also announced that its planned full-facility maintenance shutdown of the refinery in Fort Saskatchewan, Alberta will be deferred to August from the previously scheduled June period to mitigate the risk of COVID-19 on employee and contractor health and safety.

“Ensuring the health and safety of our employees and the communities in which we operate are of paramount importance,” Mr. Binedell said. “While the number of local COVID-19 cases is declining and vaccinations accelerating, we elected to take extra caution and deferred the plant-wide maintenance shutdown until the third quarter. Although this rescheduling will not impact our guidance for the year, it will result in finished production totals to be higher in Q2 and lower in Q3 than previously anticipated.”

Consistent with previous disclosure, Sherritt’s full-facility shutdown will last approximately 11 days and include all of the refinery and utility plants. Sherritt’s guidance for 2021 production, unit cost and capital spend at the Moa JV will not be impacted by the rescheduling of the shutdown.

About Sherritt
Sherritt is a world leader in the mining and refining of nickel and cobalt – metals essential for the growing adoption of electric vehicles. Its Technologies Group creates innovative, proprietary solutions for oil and mining companies around the world to improve environmental performance and increase economic value. Sherritt is also the largest independent energy producer in Cuba. Sherritt’s common shares are listed on the Toronto Stock Exchange under the symbol “S”.

Forward-Looking Statements
This press release contains certain forward-looking statements. Forward-looking statements can generally be identified by the use of statements that include such words as “believe”, “expect”, “anticipate”, “intend”, “plan”, “forecast”, “likely”, “may”, “will”, “could”, “should”, “suspect”, “outlook”, “potential”, “projected”, “continue” or other similar words or phrases. Specifically, forward-looking statements in this document include, but are not limited to, statements regarding rescheduled shutdown timing and anticipated production, unit cost and capital spend at the Moa JV.

Forward looking statements are not based on historical facts, but rather on current expectations, assumptions and projections about future events, including commodity and product prices and demand; the level of liquidity and access to funding; production results; realized prices for production; rehabilitation provisions; availability of regulatory and creditor approvals and waivers; compliance with applicable environmental laws and regulations; and certain corporate objectives, goals and plans. By their nature, forward looking statements require the Corporation to make assumptions and are subject to inherent risks and uncertainties. There is significant risk that predictions, forecasts, conclusions or projections will not prove to be accurate, that those assumptions may not be correct and that actual results may differ materially from such predictions, forecasts, conclusions or projections.

The Corporation cautions readers of this press release not to place undue reliance on any forward looking statement as a number of factors could cause actual future results, conditions, actions or events to differ materially from the targets, expectations, estimates or intentions expressed in the forward looking statements. These risks, uncertainties and other factors include, but are not limited to, the impact of the COVID-19 pandemic, changes in the global price for nickel, cobalt, oil and gas, fertilizers or certain other commodities; level of liquidity; access to capital; access to financing; the risk to Sherritt’s entitlements to future distributions from the Moa Joint Venture; risks associated with the Corporation’s joint venture partner; variability in production at Sherritt’s operations in Cuba; risks related to Sherritt’s operations in Cuba; risks related to the U.S. government policy toward Cuba, including the U.S. embargo on Cuba and the Helms-Burton legislation; potential interruptions in transportation; uncertainty of gas supply for electrical generation; the Corporation’s reliance on key personnel and skilled workers; the possibility of equipment and other failures; risks associated with mining, processing and refining activities; uncertainty of resources and reserve estimates; the potential for shortages of equipment and supplies, including diesel; supplies quality issues; risks related to environmental liabilities including liability for reclamation costs, tailings facility failures and toxic gas releases; risks related to the Corporation’s corporate structure; political, economic and other risks of foreign operations; risks associated with Sherritt’s operation of large projects generally; risks related to the accuracy of capital and operating cost estimates; foreign exchange and pricing risks; compliance with applicable environment, health and safety legislation and other associated matters; risks associated with governmental regulations regarding climate change and greenhouse gas emissions; risks relating to community relations and maintaining the Corporation’s social license to grow and operate; credit risks; competition in product markets; risks in obtaining insurance; uncertainties in labour relations; uncertainty in the ability of the Corporation to enforce legal rights in foreign jurisdictions; uncertainty regarding the interpretation and/or application of the applicable laws in foreign jurisdictions; legal contingencies; identification and management of growth opportunities; uncertainty in the ability of the Corporation to obtain government permits; risks to information technologies systems and cybersecurity; failure to comply with, or changes to, applicable government regulations; bribery and corruption risks, including failure to comply with the Corruption of Foreign Public Officials Act or applicable local anti-corruption law; the ability to accomplish corporate objectives, goals and plans for 2021; and the Corporation’s ability to meet other factors listed from time to time in the Corporation’s continuous disclosure documents. Additional risks, uncertainties and other factors include, but are not limited to, the ability of the Corporation to achieve its financial goals; the ability of the Corporation to implement and successfully achieve its business priorities; and the ability of the Corporation to comply with its contractual obligations, including, without limitation, its obligations under debt arrangements. Readers are cautioned that the foregoing list of factors is not exhaustive and should be considered in conjunction with the risk factors described in this press release and in the Corporation’s other documents filed with the Canadian securities authorities, including without limitation the Management’s Discussion and Analysis for the three months ended March 31, 2021 and the Annual Information Form of the Corporation dated March 17, 2021 for the year ended December 31, 2020, which is available on SEDAR at www.sedar.com.

The Corporation may, from time to time, make oral forward-looking statements. The Corporation advises that the above paragraph and the risk factors described in this press release and in the Corporation’s other documents filed with the Canadian securities authorities should be read for a description of certain factors that could cause the actual results of the Corporation to differ materially from those in the oral forward-looking statements. The forward-looking information and statements contained in this press release are made as of the date hereof and the Corporation undertakes no obligation to update publicly or revise any oral or written forward-looking information or statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. The forward-looking information and statements contained herein are expressly qualified in their entirety by this cautionary statement.

Joe Racanelli, Director of Investor Relations
Telephone: 416-935-2457
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www.sherritt.com

Long-term partnership aims to develop, manufacture and distribute region-specific premium electric motorcycles, with the Damon HyperSport as the flagship entrant

VANCOUVER, British Columbia--(BUSINESS WIRE)--Damon Motors today announced a strategic alliance with Auteco Mobility to deliver the world’s smartest, safest, connected electric motorcycles to the Latin American market. The two companies plan to collaborate for sales and support of Damon-branded motorcycles, including Damon’s flagship HyperSport superbike as well as the development and manufacturing of new Damon products specifically designed to meet the needs of Latin American riders. Additionally, Auteco plans to license aspects of Damon’s CoPilot™ safety technology for use in their own Victory branded motorcycles. The Damon CoPilot system is the first adaptive 360 degree safety warning system in the motorcycle industry. Learn more about the Damon/Auteco partnership in this video.

“Damon and Auteco Mobility jointly believe we need to deliver significantly safer motorcycles, while accelerating a clean energy future,” said Jay Giraud, founder & CEO, Damon Motors. “With this shared vision of motorcycle electrification, we’re excited to introduce the Damon Experience to this new region and customize our innovation to create the quintessential Latin American Damon motorcycle brand.”

Auteco has been the undisputed market leader in ICE motorcycles for more than 12 years in Colombia and is a pioneer and clear leader in electric personal motorcycles, bicycles and kick scooters. Auteco offers Latin America’s largest network of exclusive dealers (800+), workshops (550+), and spare parts points of sale (3,000+). Under terms of the agreement, Auteco will leverage its market intelligence to collaborate with Damon in creating a purpose-built Latin America-specific Damon motorcycle. Auteco and Damon also plan to execute a local sales strategy across Auteco’s expansive network.

“Damon’s high-performance HyperSport has captured the imagination of Latin American riders who crave safer, technologically-advanced, electric motorcycles,” said Jose Fernando Vasquez Gutierrez, chairman of the board, Auteco Mobility. “Together with Damon Motors, we look to fulfill this market need and deliver an ultra-premium, North American EV product line for the next-generation of motorcyclists.”

Damon aims to deliver the safest and cleanest premium, high-technology motorcycles on the market. The company was born to push limits, challenging the motorcycling establishment and changing the rules with its award-winning HyperSport. Damon is the first to incorporate sensor fusion, mechatronics and AI, so that every time a HyperSport is ridden, it adapts to meet the rider’s evolving needs and abilities. Damon is showing the world that the future of motorcycling is smarter, safer, more exhilarating, and more personal with the fusion of man and machine. To see the Damon HyperSport in action, watch this video.

For more information on Damon Motors, visit www.damon.com.

About Damon Motors Inc.

Damon is unleashing the full potential of personal mobility for the world’s commuters. With its HyperDrive™ proprietary electric powertrain, the company has developed the world’s safest, smartest, fully connected electric motorcycle platform employing sensor fusion, mechatronics and AI. Based in Vancouver, Canada, Damon is founded by serial entrepreneurs Jay Giraud and Dom Kwong. Learn more at damon.com and follow us on Instagram @damonmotorcycles.

About Auteco Mobility

Auteco Mobility is leading Latin America’s transition from combustion into electric vehicles. The company is a pioneer in electric mobility products ranging from electric bicycles, scooters, mopeds, and motorcycles to light-weight passenger and cargo vehicles.

Auteco Mobility is a major importer and manufacturer of motorcycles, with direct presence in Colombia and Mexico. Auteco’s operational excellence has enabled them to capture significant market share, which they have leveraged with the introduction of their own rapidly growing Victory motorcycle brand, with plans to expand internationally in 2021. For more information, visit www.autecomobility.com.

Donna Loughlin Michaels
Loughlin Michaels Group
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(408) 393-5575

IRVINE, Calif.--(BUSINESS WIRE)--Enevate, a pioneering battery innovation company featuring extreme fast charge and high energy density battery technologies for electric vehicles (EVs) and other markets, announced a new production license agreement with EnerTech International to commercialize Enevate's silicon-dominant, XFC-Energy™ battery technology in the transportation, mobility and reserve power markets.

South Korea-based EnerTech International is a leader in delivering lithium-ion cells using state-of-the-art manufacturing facilities to high-performance, large format batteries in demand by today’s rapidly growing markets.

This production license agreement with EnerTech is the next milestone in Enevate's technology roadmap that leads to commercialization scheduled for 2022. Pre-production batteries have been built and tested using EnerTech's existing lithium-ion battery manufacturing equipment. With the agreement, Enevate will deliver enabling technology to accelerate EnerTech's market expansion and triple its manufacturing capacity output.

Enevate's next-gen lithium-ion battery technology delivers up to 10 times faster charging than conventional lithium-ion batteries with high energy densities along with a host of other benefits, including improved safety and low-temperature operation for cold climates. With its Extreme Fast Charge capability, Enevate technology allows for a battery to charge in as fast as five minutes.

"Combining EnerTech's world-class manufacturing base with Enevate's revolutionizing technology will enable our growth plans across multiple segments as we match development pace with our customers' ever-increasing battery specification requirements, now and into the future," said Duke Oh, CEO EnerTech International.

"This production license agreement with EnerTech represents another step toward establishing Enevate technology as the de facto standard for offering fast charge, high energy density, and improved safety," said Enevate CEO Robert A. Rango. "The next-generation battery technology is here today."

As the global advanced battery markets push the limits of battery technology, cost targets remain a critical parameter to making next-generation battery technology accessible and affordable to everyone. Therefore, technology versatility and manufacturability are necessary, and those attributes are defining features of Enevate's technology. Enevate's breakthrough battery technology is compatible with lithium-ion cathode chemistries plus solid-state electrolytes and is manufacturable using existing production lines and capital equipment.

ABOUT ENEVATE (www.enevate.com)

Enevate develops and licenses advanced battery technology for electric vehicles (EVs) and other advanced battery markets, with a vision of EVs charging as fast as refueling gas cars, accessible and affordable to everyone, and accelerating EVs' mass adoption. With a portfolio of more than 400 patents issued and in process, Enevate's pioneering advancements (leveraging accelerated battery testing and machine learning) in silicon-dominant anodes and cells have resulted in battery technology that features five-minute extreme fast charging with high energy density, low-temperature operation for cold climates, low cost and safety advantages over conventional batteries.

Enevate's vision is to develop and propagate battery technology that contributes to a clean and sustainable environment. The Irvine, California-based company's investors include Renault-Nissan-Mitsubishi (Alliance Ventures), LG Chem, Samsung Venture Investment Corp, Fidelity Management & Research Company, Mission Ventures, Draper Fisher Jurvetson, Tsing Capital, Infinite Potential Technologies, Presidio Ventures – a Sumitomo Corporation company, Lenovo, CEC Capital, and Bangchak. Enevate®, the Enevate logo, HD-Energy®, and eBoost® are registered trademarks of Enevate Corporation.

Media Contact:
Bill Blanning
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714-916-4309

FORT LEE, N.J.--(BUSINESS WIRE)--Pioneer Power Solutions, Inc. (Nasdaq: PPSI) ("Pioneer Power" or the "Company"), a company engaged in the manufacture, sale and service of electrical transmission, distribution and on-site power generation equipment, is set to join the Russell Microcap® Index at the conclusion of the 2021 Russell indexes annual reconstitution effective after the US market opens on June 28, according to a preliminary list of additions posted June 4.

Membership in the Russell Microcap® Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.

Nathan Mazurek, Pioneer Power’s Chairman and Chief Executive Officer, said, “Inclusion in the broadly referenced Russell index will bring us increased exposure to a larger audience of potential new investors. We look forward to communicating with them about our new strategic direction. Specifically, we are focusing our product and services towards speeding installation of EV charging facilities. Most sites for charging are existing structures that may not have the specialized power infrastructure for easy installation of vehicle charging stations. This is a rapidly evolving industry, and we believe our PowerBloc product and other power equipment solutions can ease the move to EV. We are eager to do our part in the move towards a zero-carbon future.”

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $10.6 trillion in assets are benchmarked against Russell’s US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.

For more information on the Russell Microcap® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.

About Pioneer Power Solutions, Inc.

Pioneer Power Solutions, Inc. manufactures, sells and services a broad range of specialty electrical transmission, distribution and on-site power generation equipment for applications in the utility, industrial, commercial and backup power markets. The Company’s principal products include switchgear and engine-generator controls, complemented by a national field-service network to maintain and repair power generation assets. To learn more about Pioneer, please visit its website at www.pioneerpowersolutions.com.

About FTSE Russell

FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally.

FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $17.9 trillion is currently benchmarked to FTSE Russell indexes. For over 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives.

A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.

FTSE Russell is wholly owned by London Stock Exchange Group.

For more information, visit www.ftserussell.com.

Safe Harbor Statement:

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) the Company’s ability to successfully increase its revenue and profit in the future, (ii) general economic conditions and their effect on demand for electrical equipment, (iii) the effects of fluctuations in the Company’s operating results, (iv) the fact that many of the Company’s competitors are better established and have significantly greater resources than the Company, (v) the Company’s dependence on a single customer for a large portion of its business, (vi) the potential loss or departure of key personnel, (vii) unanticipated increases in raw material prices or disruptions in supply, (viii) the Company’s ability to realize revenue reported in the Company’s backlog, (ix) future labor disputes, (x) changes in government regulations, (xi) the fact that the Company’s chairman, who controls a majority of the Company’s voting power, may develop interests that diverge from yours, (xii) the liquidity and trading volume of the Company’s common stock and (xiii) an outbreak of disease, epidemic or pandemic, such as the global coronavirus pandemic, or fear of such an event.

More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the Securities and Exchange Commission, including the Company’s Annual and Quarterly Reports on Form 10-K and Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at www.sec.gov. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.

Brett Maas, Managing Partner
Hayden IR
(646) 536-7331
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Bidgely and Utility Dive survey reveals utility EV investment drivers, challenges, and opportunities through improved EV customer insights

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Bidgely and leading energy industry outlet Utility Dive have released a new report, What Utilities Know (And Don’t Know) About EV Drivers and How Better Customer Insights Can Maximize Utility Investments in Electric Vehicles, which includes survey results from around 150 leading mostly North American utility professionals. The report underscores the EV momentum underway at their organizations while also highlighting the benefits improved EV customer insights could provide in guiding utility incentives, outreach, resource planning, education and ratemaking.

Key findings include that nine out of 10 utility executives surveyed reported their companies plan to increase investments in customer programs and infrastructure to support EV ownership over the next two to three years. By large majorities, survey respondents said that their EV investments and programs were being driven by customer demand (61 percent) and revenue opportunities (57 percent), although corporate sustainability goals (46 percent) and company carbon reduction commitments (32 percent) were also cited.

Importantly, only 13 percent of utility executives said the quality of their companies’ insights into both the charging behavior of their current EV customers and the likelihood that other customers would buy an EV in the future was excellent. The report concluded that precise, house-level data insights derived from smart meters can identify EV charging patterns, Level 1 or Level 2 chargers in the home and even customers’ propensity to buy an EV without installation of additional equipment by the utility.

“Historically speaking, utilities have relied on Department of Motor Vehicles data in order to understand where EVs are registered. But that data is really difficult to obtain in a timely manner, it doesn’t update on an ongoing basis and it doesn’t provide any insight into the charging behaviors or driving patterns of the EV owners,” says Heather Williams, director of strategy and growth for Bidgely in North America. “Lack of EV insights can impact where and how many charging stations are installed. You can end up putting in either the wrong number of chargers or chargers in the wrong locations because the decisions are based on an incomplete understanding of driving patterns.”

Other notable findings from the survey included:

• 61 percent of utilities have already installed company-owned chargers to support EV ownership
• 51 percent offer financial incentives to encourage purchases of EVs
• 42 percent have made investments to raise awareness about EV benefits
• 37 percent offer special EV charging rates

To access the full report, visit: go.bidgely.com/UtilityDive-EV-Whitepaper

Join the upcoming Bidgely and Utility Dive webinar How to Use Data to Drive Your EV Investment Plans on Thursday, June 17 at 2:00 PM Eastern Daylight Time for a deep dive into the results of the survey and insights that can guide utilities’ incentives, outreach, resource planning, ratemaking and more.

About Bidgely

Bidgely is an AI-powered SaaS Company accelerating a clean energy future by enabling energy companies and consumers to make data-driven energy-related decisions. Powered by our unique patented technology, Bidgely's UtilityAI™ Platform transforms multiple dimensions of customer data - such as energy consumption, demographic, and interactions - into deeply accurate and actionable consumer energy insights. We leverage these insights to empower each customer with personalized recommendations, tailored to their individual personality and lifestyle, usage attributes, behavioral patterns, purchase propensity, and beyond. From a Distributed Energy Resources (DER) and Grid Edge perspective, whether it is smart thermostats to EV chargers, solar PVs to TOU rate designs and tariffs; UtilityAI™ energy analytics provides deep visibility into generation, consumption for better peak load shaping and grid planning, and delivers targeted recommendations for new value-added products and services. With roots in Silicon Valley, Bidgely has over 17 energy patents, $50M+ in funding, retains 30+ data scientists, and brings a passion for AI to utilities serving residential and commercial customers around the world. For more information, please visit www.bidgely.com or the Bidgely blog at bidgely.com/blog.

Christine Bennett
Bidgely
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Partnership Helps WizNucleus Clients Enhance their Preparedness for Cyber and Other Security Threats, While Increasing Critical Event Management (CEM) Adoption in the Energy Industry

BURLINGTON, Mass.--(BUSINESS WIRE)--Everbridge, Inc. (NASDAQ: EVBG), the global leader in critical event management (CEM), and WizNucleus, provider of cyber and physical security solutions to nuclear and electric grid customers, today announced a partnership to increase digital and physical security for some of the world’s largest nuclear, electric, and other utility companies. The partnership helps expand CEM adoption within the energy industry.

Through the partnership, WizNucleus customers gain seamless access to Everbridge’s CEM solutions, including Control Center, helping increase preparedness for a wide range of digital and physical threats. WizNucleus offers deep domain expertise in the operational and regulatory requirements of the nuclear industry, among other large enterprises. The company provides software, design engineering process, system integration, documentation and testing to support cyber and physical security to critical infrastructure customers. Together, Everbridge and WizNucleus tackle the highly specialized challenges power generation companies face in maintaining modular, scalable, upgradeable, and self-serviceable systems, while meeting strict federal regulations.

“Combining Everbridge’s global critical event management leadership along with our software suite enables us to address dynamic cyber, physical and emergency management threats effectively,” said Krish Shetty, CEO, WizNucleus. “We painstakingly select the highest quality partners, and we chose Everbridge out of numerous other companies because of their caliber and willingness to support the objectives of our mission-critical customers.”

Numerous U.S. power generation parent companies leverage Everbridge CEM as their corporate emergency management platform. Protection of critical infrastructure at large power and other facilities remains vital as instances of cyberattacks against major national providers increase, interrupting supply chains and impacted economies.

Recently, a large U.S. nuclear plant selected WizNucleus/Everbridge to replace their protected area security computer system previously maintained by a proprietary vendor for years. The nuclear facility selected the new PSIM (Physical Security Integration Management) system to comply with industry regulations, while enabling adoption of new security technologies faster in the future.

Over 5,700 global customers rely on Everbridge to keep their people safe and organizations running in anticipation of, or amid, critical events. Everbridge customers include some of the largest firms and leaders in their respective industries, including Fortune 1000 businesses such as Bristol Myers Squibb, Cisco, CVS Health, Goldman Sachs, Lowe’s, Tiffany & Co., and insurance providers like Anthem, chemical giant Dow, and telecom consumer electronics company Nokia, as well as some of Silicon Valley’s leading tech giants, global e-commerce firms, streaming media services, oil and natural gas providers, hotel and hospitality chains, automotive, courier delivery, aerospace and defense technology, air travel, and major car rental firms.

“We remain excited about our partnership with WizNucleus which enables Everbridge to expand critical event management adoption among major nuclear and electric grid providers amidst an increasingly volatile and uncertain global threat landscape,” said Vernon Irvin, Chief Revenue Officer at Everbridge. “For mission-critical infrastructure and energy providers, the ability to assess and successfully accelerate the response to, and mitigation of, cyber and physical threats often mean the difference in effectively protecting life safety and vital resources that power our communities.”

About WizNucleus

WizNucleus provides cyber and physical security solutions to nuclear and electric grid customers. The company’s Cyberwiz-Pro software is used by nuclear and electric enterprises to manage their cyber security programs. WizNucleus has a successful track record in delivering next-generation critical infrastructure cyber and physical security solutions that detect, assess, and automate compliance.

About Everbridge

Everbridge, Inc. (NASDAQ: EVBG) is a global software company that provides enterprise software applications that automate and accelerate organizations’ operational response to critical events in order to Keep People Safe and Organizations Running™. During public safety threats such as active shooter situations, terrorist attacks or severe weather conditions, as well as critical business events including IT outages, cyberattacks or other incidents such as product recalls or supply-chain interruptions, over 5,700 global customers rely on the Company’s Critical Event Management Platform to quickly and reliably aggregate and assess threat data, locate people at risk and responders able to assist, automate the execution of pre-defined communications processes through the secure delivery to over 100 different communication modalities, and track progress on executing response plans. Everbridge serves 8 of the 10 largest U.S. cities, 9 of the 10 largest U.S.-based investment banks, 47 of the 50 busiest North American airports, 9 of the 10 largest global consulting firms, 8 of the 10 largest global automakers, 9 of the 10 largest U.S.-based health care providers, and 7 of the 10 largest technology companies in the world. Everbridge is based in Boston with additional offices in 20 cities around the globe. For more information visit www.everbridge.com

Cautionary Language Concerning Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding the anticipated opportunity and trends for growth in our critical communications and enterprise safety applications and our overall business, our market opportunity, our expectations regarding sales of our products, our goal to maintain market leadership and extend the markets in which we compete for customers, and anticipated impact on financial results. These forward-looking statements are made as of the date of this press release and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Words such as “expect,” “anticipate,” “should,” “believe,” “target,” “project,” “goals,” “estimate,” “potential,” “predict,” “may,” “will,” “could,” “intend,” variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond our control. Our actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to: the ability of our products and services to perform as intended and meet our customers’ expectations; our ability to successfully integrate businesses and assets that we may acquire; our ability to attract new customers and retain and increase sales to existing customers; our ability to increase sales of our Mass Notification application and/or ability to increase sales of our other applications; developments in the market for targeted and contextually relevant critical communications or the associated regulatory environment; our estimates of market opportunity and forecasts of market growth may prove to be inaccurate; we have not been profitable on a consistent basis historically and may not achieve or maintain profitability in the future; the lengthy and unpredictable sales cycles for new customers; nature of our business exposes us to inherent liability risks; our ability to attract, integrate and retain qualified personnel; our ability to maintain successful relationships with our channel partners and technology partners; our ability to manage our growth effectively; our ability to respond to competitive pressures; potential liability related to privacy and security of personally identifiable information; our ability to protect our intellectual property rights, and the other risks detailed in our risk factors discussed in filings with the U.S. Securities and Exchange Commission (“SEC”), including but not limited to our Annual Report on Form 10-K for the year ended December 31, 2020 filed with the SEC on February 26, 2021. The forward-looking statements included in this press release represent our views as of the date of this press release. We undertake no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date of this press release.

All Everbridge products are trademarks of Everbridge, Inc. in the USA and other countries. All other product or company names mentioned are the property of their respective owners.

Everbridge Contacts:
Kevin Carter
Media Relations
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Joshua Young
Investor Relations
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WizNucleus Contact:
Sumesh Mody
Project Manager
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NEW YORK--(BUSINESS WIRE)--Climate Change Crisis Real Impact I Acquisition Corporation (NYSE: CLII) (“CRIS”), a publicly-traded special purpose acquisition company, and EVgo Services LLC (“EVgo”), the nation’s largest public fast charging network for electric vehicles (“EVs”) and first powered by 100% renewable electricity, announced that the companies will host a fireside chat with IPO Edge today, Tuesday, June 8 at 2pm EDT, to discuss their pending business combination.

The live event will feature David Crane, CEO of CRIS, and Cathy Zoi, CEO of EVgo. IPO Edge Editor-in-Chief John Jannarone will moderate the video session which will include a Q&A session with the audience.

To register, CLICK HERE.

To view IPO Edge’s announcement about today’s fireside chat, CLICK HERE.

Mr. Crane and Ms. Zoi will discuss:

• An overview of the business combination and investment highlights
• The supportive fundamentals driving EV growth and adoption and demand for EV fast charging
• The evolution of the SPAC market and involvement of more individual investors
• Why it is important for all record date shareholders to vote, regardless of how many shares they own
• How investors vote shares through their brokers

“We remain committed to engaging with all our investors, and believe it is especially important as we approach the final steps of our business combination with EVgo,” said Mr. Crane. “In partnership with IPO Edge, we look forward to highlighting EVgo’s leadership position and its significant opportunity for long-term growth in the climate critical electrification of transport sector, discussing the voting process and its importance, and addressing investor questions. We hope to hear from you at today’s virtual event.”

Shareholder Vote Information

The Special Meeting to approve the pending business combination is scheduled to be held on June 29, 2021 at 10:00 a.m. Eastern Time. The Special Meeting will be conducted completely virtually, and can be accessed via live webcast at https://www.cstproxy.com/climatechangecrisisrealimpacti/2021. If the proposals at the Special Meeting are approved, the parties anticipate that the business combination will close shortly thereafter, subject to the satisfaction or waiver, as applicable, of all other closing conditions.

Every stockholder's vote is important, regardless of the number of shares held. Accordingly, CRIS requests that each stockholder of record as of the close of business on May 19, 2021 (the “Record Date”), vote as soon as possible and by no later than June 28, 2021 to ensure that the stockholder's shares will be represented at the Special Meeting. CRIS’s board of directors recommends you vote “FOR” the Business Combination with EVgo and “FOR” all of the related proposals described in the definitive proxy statement on Schedule 14A (the “Proxy Statement”) filed by CRIS with the Securities and Exchange Commission (“SEC”) on May 27, 2021.

Stockholders who owned common stock of CRIS as of the Record Date continue to have the right to vote their shares for the Special Meeting, regardless of whether such stockholders subsequently sold their shares and do not own such shares as of the date they cast their vote.

Additional information is available at https://www.climaterealimpactsolutions.com/cris1-vote. Investors are encouraged to contact Morrow Sodali LLC, CRIS's proxy solicitor, with questions or for assistance via e-mail at This email address is being protected from spambots. You need JavaScript enabled to view it. or toll-free call at (800) 662-5200

Important Information and Where to Find It

In connection with the proposed business combination between EVgo and CRIS and related transactions (the “Proposed Transactions”), CRIS has filed the Proxy Statement with the SEC, which was distributed to holders of CRIS’s common stock in connection with CRIS’s solicitation of proxies for the vote by CRIS’s stockholders with respect to the Proposed Transactions and other matters as described in the Proxy Statement. Investors and security holders and other interested parties are urged to read the Proxy Statement, and any amendments thereto and any other documents filed with the SEC carefully and in their entirety because they contain important information about CRIS, EVgo and the Proposed Transactions. Investors and security holders may obtain free copies of the Proxy Statement and other documents filed with the SEC by CRIS through the website maintained by the SEC at http://www.sec.gov, or by directing a request to: Climate Change Crisis Real Impact I Acquisition Corporation, 300 Carnegie Center, Suite 150, Princeton, New Jersey 08540. The information contained on, or that may be accessed through, the websites referenced in this press release is not incorporated by reference into, and is not a part of, this press release.

Participants in the Solicitation

CRIS and EVgo and their respective directors and certain of their respective executive officers and other members of management and employees may be considered participants in the solicitation of proxies with respect to the Proposed Transactions. Information about the directors and executive officers of CRIS and EVgo is set forth in the Proxy Statement. Stockholders, potential investors and other interested persons should read the Proxy Statement carefully before making any voting or investment decisions. These documents can be obtained free of charge from the sources indicated above.

Forward Looking Statements

Certain statements in this press release that are not historical facts may constitute forward-looking statements are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. 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. All statements, other than statements of present or historical fact included in this press release, regarding CRIS’s proposed business combination with EVgo, CRIS’s ability to consummate the transaction, the benefits of the transaction and the combined company’s future financial performance, as well as the combined company’s strategy, future operations, estimated financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of management are forward-looking statements. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of the respective management of CRIS and EVgo and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of CRIS or EVgo. Potential risks and uncertainties that could cause the actual results to differ materially from those expressed or implied by forward-looking statements include, but are not limited to, changes in domestic and foreign business, market, financial, political and legal conditions; the inability of the parties to successfully or timely consummate the business combination, including the risk that any regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the business combination or that the approval of the stockholders of CRIS or EVgo is not obtained; failure to realize the anticipated benefits of business combination; risk relating to the uncertainty of the projected financial information with respect to EVgo; the amount of redemption requests made by CRIS’s stockholders; the overall level of consumer demand for EVgo’s products; general economic conditions and other factors affecting consumer confidence, preferences, and behavior; disruption and volatility in the global currency, capital, and credit markets; the financial strength of EVgo’s customers; EVgo’s ability to implement its business strategy; changes in governmental regulation, EVgo’s exposure to litigation claims and other loss contingencies; disruptions and other impacts to EVgo’s business, as a result of the COVID-19 pandemic and government actions and restrictive measures implemented in response; stability of EVgo’s suppliers, as well as consumer demand for its products, in light of disease epidemics and health-related concerns such as the COVID-19 pandemic; the impact that global climate change trends may have on EVgo and its suppliers and customers; EVgo’s ability to protect patents, trademarks and other intellectual property rights; any breaches of, or interruptions in, CRIS’s information systems; fluctuations in the price, availability and quality of electricity and other raw materials and contracted products as well as foreign currency fluctuations; changes in tax laws and liabilities, tariffs, legal, regulatory, political and economic risks. More information on potential factors that could affect CRIS’s or EVgo’s financial results is included from time to time in CRIS’s public reports filed with the SEC, as well as the Proxy Statement that CRIS has filed with the SEC in connection with CRIS’s solicitation of proxies for the meeting of stockholders to be held to approve, among other things, the proposed business combination. If any of these risks materialize or CRIS’s or EVgo’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither CRIS nor EVgo presently know, or that CRIS and EVgo currently believe are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect CRIS’s and EVgo’s expectations, plans or forecasts of future events and views as of the date of this press release. CRIS and EVgo anticipate that subsequent events and developments will cause their assessments to change. However, while CRIS and EVgo may elect to update these forward-looking statements at some point in the future, CRIS and EVgo specifically disclaim any obligation to do so, except as required by law. These forward-looking statements should not be relied upon as representing CRIS’s or EVgo’s assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.

No Offer or Solicitation

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities.

About CRIS

CRIS is a special-purpose acquisition company (“SPAC”) formed to identify and acquire a scalable company making significant contributions to the fight against the climate crisis. CRIS is co-sponsored by private funds affiliated with Pacific Investment Management Company LLC (“PIMCO”), which has more than $640 billion in sustainability investments across its portfolios. CRIS is led by a seasoned operations and leadership team that has decades of experience at the intersection of climate change and capitalism, and includes veterans from NRG, Credit Suisse, General Electric and Green Mountain Power. For more information, please visit www.climaterealimpactsolutions.com/.

About EVgo

EVgo is the nation’s largest public fast charging network for electric vehicles, and the first to be powered by 100% renewable energy. With more than 800 fast charging locations, EVgo’s charging network serves over 65 metropolitan areas across 34 states, owns and operates the most public fast charging locations in the US. and serves more than 250,000 customers. Founded in 2010, EVgo leads the way on transportation electrification, partnering with automakers; fleet and rideshare operators; retail hosts such as hotels, shopping centers, gas stations and parking lot operators; and other stakeholders to deploy advanced charging technology to expand network availability and make it easier for drivers across the U.S. to enjoy the benefits of driving an EV. As a charging technology first mover, EVgo works closely with business and government leaders to accelerate the ubiquitous adoption of EVs by providing a reliable and convenient charging experience close to where drivers live, work and play, whether for a daily commute or a commercial fleet. EVgo’s parent company is LS Power, a New York-headquartered development, investment and operating company focused on leading edge solutions for the North American power and energy infrastructure sector. On January 22, 2021, EVgo announced that it entered into a definitive business combination agreement with CRIS (NYSE: CLII). For more information visit evgo.com and lspower.com.

CRIS
For Investors:
Dan Gross
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For Media:
Isaac Steinmetz
Director of Media Relations
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646-883-3655

EVgo
For Investors:
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For Media:
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LS Power
Steven Arabia
Director, Government Affairs & Media Relations
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609-212-3857

LIBERTY LAKE, Wash. & HAMBURG, Germany--(BUSINESS WIRE)--#Digimondo--Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, and digimondo, market leader in LoRaWAN-based software solutions in Germany, announced a collaboration to integrate Itron’s Cyble 5 communications module into digimondo’s IoT software, giving utilities in the region a flexible, independent way to connect, monitor and manage their water distribution network via LoRaWAN^®.

Combining Itron’s expertise in smart metering and digimondo’s IoT software niota, which offers a technology and hardware independent solution, this collaboration helps utilities create and operate their own LoRaWAN-based network for remote reading of water meters. By taking advantage of Itron’s Cyble 5 out-of-the-box connectivity, and digimondo’s interoperable IoT software capabilities, utilities are now able to transform their mechanical meters into smart devices, and transport the data generated in the field such as meter readings, alarms and diagnosis information, through existing LoRaWAN^® communication networks.

Beyond smart metering, the combined solution harnesses the power of LoRaWAN networks to build the foundation for smart water operations, and smart cities and communities. With digimondo’s latest version of niota, released in February 2021, utilities can also leverage the power of the embedded Digital Twin technology to virtually manage, add or remove communicating endpoints, such as Cyble 5 modules, without data loss or operational downtimes.

“With more than 200 million endpoints delivered, we recognize that devices are the beginning of every customer journey, and we are committed to bringing our expertise to utilities operating under industry-wide networks,” said Justin Patrick, senior vice president of Devices at Itron. “By collaborating with digimondo, we are able to offer our German customers a flexible way to manage and monitor their distribution network based on secure, industry-established IoT open standards.”

“By providing Cyble 5 access to existing LoRaWAN networks, we can now offer a ready-to-use solution for remote reading of water and gas meters in cooperation with Itron,” said Christopher Rath, CEO at digimondo. “The combination of Itron's hardware expertise and our independent IoT software enables our customers in Germany to support their smart metering projects as an IoT use case.”

Itron’s Cyble 5 modules are now available through Pipersberg, Itron’s distribution partner for the German market. Learn more here.

About DIGIMONDO

digimondo GmbH was founded in 2016 by software experts with the vision of creating a better world of tomorrow with the Internet of Things (IoT). The digimondo team, consisting of 25 employees, develops IoT software systems and enables its customers to implement their IoT solutions independently. More than 40 network operators in Germany as well as international customers from industry and facility management use the IoT software solutions. As the IoT pioneer in Germany, the digimondo team has several years of experience in the implementation of IoT projects. DIGIMONDO software is the key for the successful implementation of the first proof of concept, but also for projects of all scaling levels up to the global roll outs. Through the implementation of a specially developed digital twin in the niota software, our customers are able to use the full potential of the collected data from various IoT and non IoT sources.

Further information: www.digimondo.com

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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• Despite 2020’s challenges, women’s representation in the U.S. energy technology and services sector neared the Energy Workforce & Technology Council’s goal of 20%.
• Ethnic minority representation is close to the overall U.S. oil and gas workforce, but lags compared to minorities in the total national workforce.
• Continuing to drive for diversity and inclusion across the sector requires sustained focus on recruitment, retention and advancement opportunities for women and ethnic minorities. 
• Explore the full report here.

HOUSTON--(BUSINESS WIRE)--Despite the COVID-19 pandemic and lower oil prices in 2020, the percentage of women in the U.S. energy technology and services sector has risen to nearly 20% over the past three years, countering a recent trend of women dropping out of the overall national workforce, according to the latest study by The Energy Workforce & Technology Council (the Council).

In its second edition, the study, published in collaboration with Accenture, draws on insights on approximately 250,000 workers, including more than 63,000 in the United States. This year’s report, which reflects jobs figures through January 2021, uses a revised methodology, which also considers race and ethnicity dimensions along with gender.

The study found that the percentage of women in the sector rose to 19%, almost reaching the Council’s 20% goal set in 2018 and up from 16% that year. However, this figure trails women’s 47% representation in the overall U.S. workforce.

Certain ethnicities, which were not part of the 2018 study, comprised 25% of the sector, compared with 36% for all areas of the U.S. workforce, according to the latest Bureau of Labor Statistics report.

“This year’s study results are encouraging, especially considering the pandemic-related jobs losses that peaked at more than 100,000 in the energy services sector,” said Leslie Beyer, the Council’s CEO. “As women and minorities left at larger rates from the overall U.S. workforce, this brings greater pressure on oil and gas companies that are pursuing inclusion and diversity goals, and that is a challenge. Diversity will remain key to creating the new ideas that companies need to deliver a safe, affordable and sustainable low-carbon future.”

The report highlighted areas where companies in the energy technology and services sector globally can increase participation in equality and leadership advancement for women and minorities, including:

• 40% of companies have C-level endorsed inclusion and diversity strategies
• 56% offer paid primary caregiver parental leave
• 66% offer learning and development initiatives targeted at inclusion and diversity
• 32% offer basic flexible work programs, such as telecommuting
• 40% offer formal mentorship programs

“Retention and advancement programs can grow with increased endorsement from C-suite leaders, whose visibility is key to boosting workforce diversity,” said Ben Carey, a managing director who leads Accenture’s energy equipment and services practice. “For example, leaders should collaborate more closely with employee resource groups where more women and minority leaders can share how they navigated their careers so that others can better follow their examples. This will be vital for all roles, but especially the digital technology and service functions that will help drive the industry’s recovery.”

The report makes three additional recommendations to enhance the resilience of the future energy workforce:

• Attract diverse, innovative talent, strengthen employee value propositions and identify new sources of talent to shape the future of the industry.
• Focus on retention – keeping women and ethnic minorities in the workplace.
• Amplify advancement opportunities – mentorship and leadership role-modelling.

METHODOLOGY
Energy Workforce & Technology Council surveyed 25 companies, covering approximately 250,000 working men and women globally — including more than 63,000 employees in the United States. Companies with less than 1,000 global employees were specifically included, in addition to the largest sector participants, to gain insight into practices prevalent throughout the sector. The Council also analyzed published data related to a range of workforce issues, including labor force, progression, talent gaps, culture at work, company statistics by level and company best practices.

Kevin Broom
Energy Workforce & Technology Council
+1 703 232 7864
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Guy Cantwell
Accenture
+1 281 900 9089
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• The Company generated net sales of $24.4 million for the first quarter

• Net loss was $0.9 million in the first quarter

• Backlog stood at $58.9 million on April 30, 2021 compared to $52.6 million on January 31, 2021

NILES, Ill.--(BUSINESS WIRE)--Perma-Pipe International Holdings, Inc. (NASDAQ: PPIH) announced today financial results for the first quarter ended April 30, 2021.

“First quarter revenue was $24.4 million, $1.7 million above the same quarter last year, and pre-tax loss was $0.7 million compared to a pre-tax loss of $2.7 million in the same quarter of 2020, which was mostly prior to the impact of the pandemic,” noted President and CEO David Mansfield.

"For the early part of our first quarter, our results continued to reflect the adverse business conditions arising as a result of the COVID-19 pandemic. In the latter half though, some of the restrictions began to ease and we were able to commence previously delayed projects. The cost reductions implemented last year also continued to have a favorable impact. The successful roll outs of the COVID-19 vaccines are beginning to allow a relaxation of restrictions and this appears to be having an encouraging effect on project schedules and on our backlog. While we are still in the early stages, the positive sentiment of a strengthening recovery is reflected in the increase in project activities. In addition, oil prices have reached a level that should begin to attract investment.

"The obstacles brought about by the pandemic through 2020 have not deterred us from our strategic plans and we continue to pursue the initiatives and strategies that had us on the path to acceptable profitability,” Mr. Mansfield continued.

"Our backlog currently stands at $58.9 million, which reflects an increase of $6.3 million from the backlog at January 31. Since these increases arise in the majority of our business units, it provides further confidence that we are entering a period of general recovery in conditions,” Mr. Mansfield concluded.

First Quarter Fiscal 2021 Results

Net sales were $24.4 million in the current quarter, an increase of $1.7 million, or 7%, from $22.7 million in the prior year quarter. The increase was largely a result of increased sales volumes in the Company's U.A.E. business driven by the introduction of a new product line and project timing in its Saudi Arabian business.

Gross profit increased to $4.5 million, or 18% of net sales, in the current quarter from $3.5 million, or 15% of net sales, in the prior year quarter. This increase was driven by higher sales volumes and the impact of cost reduction strategies implemented in 2020.

General and administrative expenses were approximately the same in the current quarter and the prior year quarter.

Selling expenses decreased to $1.0 million in the current quarter, compared to $1.6 million in the prior year quarter due primarily to cost reduction strategies implemented in 2020.

Net interest expense remained consistent at $0.2 million in both the current quarter and the prior year quarter.

Other income, net increased to income of $0.4 million in the current quarter, compared to expense of $0.1 million in the prior year quarter. This increase was a result of income recorded for funds received under the Canadian Emergency Wage Subsidy and Canadian Emergency Rent Subsidy programs in Canada.

Loss from operations before income taxes decreased by $2.1 million to a loss of ($0.7 million) in the current quarter from a loss of ($2.8 million) in the prior year quarter. The reduced loss was a result of increased sales volumes in the Company's U.A.E. business driven by the introduction of a new product line and project timing in its Saudi Arabian business.

The Company's worldwide effective tax rates ("ETR") were (24.3%) and 7.8% in the current quarter and the prior year quarter, respectively. The change in the ETR from the prior year quarter to the current year quarter is largely due to changes in the mix of income and loss in various jurisdictions.

The resulting net loss of ($0.9 million) in the current quarter was an improvement of $1.6 million over the net loss of ($2.5 million) in the prior year quarter. The reduced net loss was a result of increased sales volumes in the Company's U.A.E. business driven by the introduction of a new product line and project timing in its Saudi Arabian business.

Percentages set forth above in this press release have been rounded to the nearest percentage point and may not exactly correspond to the comparative data presented.

Perma-Pipe International Holdings, Inc.

Perma-Pipe International Holdings, Inc. (the “Company”) is a global leader in pre-insulated piping and leak detection systems for oil and gas gathering, district heating and cooling, and other applications. It uses its extensive engineering and fabrication expertise to develop piping solutions that solve complex challenges regarding the safe and efficient transportation of many types of liquids. In total, the Company has operations at thirteen locations in six countries.

Forward-Looking Statements

Certain statements and other information contained in this press release that can be identified by the use of forward-looking terminology constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbors created thereby, including, without limitation, statements regarding the expected future performance and operations of the Company. These statements should be considered as subject to the many risks and uncertainties that exist in the Company's operations and business environment. Such risks and uncertainties include, but are not limited to, the following: (i) the impact of the coronavirus ("COVID-19") on the Company's results of operations, financial condition and cash flows; (ii) fluctuations in the price of oil and natural gas and its impact on the customer order volume for the Company's products; (iii) the Company's ability to comply with all covenants in its credit facilities; (iv) the Company’s ability to repay its debt and renew expiring international credit facilities; (v) the Company's ability to obtain forgiveness of its loan under the Small Business Administration's ("SBA") Paycheck Protection Program ("PPP"); (vi) the Company’s ability to effectively execute its strategic plan and achieve profitability and positive cash flows; (vii) the impact of global economic weakness and volatility; (viii) fluctuations in steel prices and the Company’s ability to offset increases in steel prices through price increases in its products; (ix) the timing of order receipt, execution, delivery and acceptance for the Company’s products; (x) decreases in government spending on projects using the Company’s products, and challenges to the Company’s non-government customers’ liquidity and access to capital funds; (xi) the Company’s ability to successfully negotiate progress-billing arrangements for its large contracts; (xii) aggressive pricing by existing competitors and the entrance of new competitors in the markets in which the Company operates; (xiii) the Company’s ability to purchase raw materials at favorable prices and to maintain beneficial relationships with its suppliers; (xiv) the Company’s ability to manufacture products free of latent defects and to recover from suppliers who may provide defective materials to the Company; (xv) reductions or cancellations of orders included in the Company’s backlog; (xvi) the Company's ability to collect an account receivable related to a project in the Middle East; (xvii) risks and uncertainties related to the Company's international business operations; (xviii) the Company’s ability to attract and retain senior management and key personnel; (xix) the Company’s ability to achieve the expected benefits of its growth initiatives; (xx) the Company’s ability to interpret changes in tax regulations and legislation; (xxi) the Company's ability to use its net operating loss carryforwards; (xxii) reversals of previously recorded revenue and profits resulting from inaccurate estimates made in connection with the Company’s percentage-of-completion revenue recognition; (xxiii) the Company’s failure to establish and maintain effective internal control over financial reporting; and (xiv) the impact of cybersecurity threats on the Company’s information technology systems. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are made only as of the date of this press release and we undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. More detailed information about factors that may affect our performance may be found in our filings with the Securities and Exchange Commission, which are available at https://www.sec.gov and under the Investor Center section of our website (http://investors.permapipe.com).

The Company's Form 10-Q for the quarter ended April 30, 2021 will be accessible at www.sec.gov and www.permapipe.com. For more information, visit the Company's website.

Perma-Pipe International Holdings, Inc.
David Mansfield, President and CEO

Perma-Pipe Investor Relations
(847) 929-1200
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AUSTIN, Texas--(BUSINESS WIRE)--Brigham Minerals, Inc. (NYSE: MNRL) (“Brigham Minerals,” “Brigham,” or the “Company”) announced plans to participate in the RBC Capital Markets Energy, Power & Infrastructure Conference. The Company is presenting on June 8th at 2:40 pm ET.

ABOUT BRIGHAM MINERALS, INC.

Brigham Minerals is an Austin, Texas based company that acquires and actively manages a portfolio of mineral and royalty interests in the core of some of the most active, highly economic, liquids-rich resource basins across the continental United States. Brigham Minerals’ assets are located in the Permian Basin in Texas and New Mexico, the SCOOP and STACK plays in the Anadarko Basin of Oklahoma, the DJ Basin in Colorado and Wyoming, and the Williston Basin in North Dakota. The Company’s primary business objective is to maximize risk-adjusted total return to its shareholders by both capturing organic growth in its existing assets as well as leveraging its highly experienced technical evaluation team to continue acquiring minerals.

At the Company:
Brigham Minerals, Inc.
Blake C. Williams
Chief Financial Officer
(512) 220-1500
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PORT HURON, Mich.--(BUSINESS WIRE)--SEMCO ENERGY Gas Company is launching a sweepstakes for natural gas customers who enroll in eBill. Five winners will be chosen, and each awarded a $100 Amazon gift card.

eBill is a free service that enables customers to view and pay monthly gas bills online. Instead of receiving a paper bill each month, customers receive an email when their eBill is ready to view.

The Sweepstakes, open from June 1 to August 31, 2021, is sponsored by Invoice Cloud, the leading provider of online bill payment services. SEMCO began using the Invoice Cloud platform in January 2013.

“We are excited to provide SEMCO customers with the ability to pay their natural gas bills online, easily and safely, using their computer or mobile device,” said Roxann Zmolik, Manager, Customer Accounting, SEMCO. “We hope the sweepstakes will offer an added incentive for customers to take advantage of the convenience of eBill.”

Online e-check/bank drafts payments can be made month-to-month. Customers will also have the option to sign up for “Pay by Text” to receive notifications and pay via text message.

“There are many benefits to eBill, from access to bills anytime online, to email payment reminders and confirmations, to reducing paper clutter and waste,” said Tom Griffin, president of Invoice Cloud. “Consumers opt for a convenient bill-paying experience.”

Customers can enroll in eBill and view official sweepstakes rules at www.semcoenergygas.com/sweepstakes/ Customers already enrolled in eBill will be automatically entered. For more information, contact Customer Service at 1-800-624-2019.

Invoice Cloud Media Contact:
Coryn Leaman, Engagement Specialist
Phone: 781-369-9630; Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

KBC will leverage the BHC3 AI Suite and Enterprise AI applications from the BakerHughesC3.ai alliance for the company’s downstream oil & gas sectors

HOUSTON & REDWOOD CITY, Calif.--(BUSINESS WIRE)--Baker Hughes (NYSE: BKR) and C3 AI (NYSE: AI) today announced that KBC, a wholly-owned subsidiary of Yokogawa Electric Corporation, will deploy artificial intelligence (AI) technology from the BakerHughesC3.ai (BHC3) alliance to enhance KBC’s existing software portfolio for oil and gas process simulation, supply chain optimization, and energy management.

KBC is a leading consultancy and software provider for energy, chemical, and offshore oil and gas operations. The company’s process simulation software is widely adopted across hydrocarbon processing facilities, playing a critical role in helping operators meet production goals and maximize profitability.

KBC will leverage BHC3 technology across KBC’s oil and gas portfolio, adding enterprise AI capabilities to their existing digital transformation software. Petro-SIM, KBC's leading process simulation software and optimization platform for driving excellence in facility performance and organizational productivity, has demonstrated bi-directional interoperability with the BHC3 AI Suite. By augmenting KBC’s simulation software with capabilities from BHC3, KBC will further help oil and gas assets improve process planning accuracy, deliver operational agility, and significantly reduce processing time.

These robust enterprise AI solutions will provide continuous automated updates to physics-based simulations through a flexible, extensible model that scales to any industrial configuration and environment, with benefits extending into the supply chain. KBC anticipates the enterprise AI-enabled solutions will generate significant annual economic value for customers, estimating that improved operations will yield more than $0.65 per barrel.

Yokogawa previously announced its adoption of the C3 AI^® Suite to enhance enterprise AI applications across its vertical industries, including power generation, renewables, mining and metals, and chemicals.

“Integration of enterprise AI capabilities into our current software will enable us to further and rapidly drive digital transformation for our customers,” said Shigeyoshi Uehara, KBC chief executive officer. “Working with domain experts for oil and gas specific applications will enable the people, process, and technology changes necessary for more efficient and productive operations.”

“KBC is a leader in digital solutions that transform processes for their customers, and the integration of our industry-leading enterprise AI solutions will continue to create greater efficiencies and productivity for those users,” said Uwem Ukpong, executive vice president of regions, alliances and enterprise sales at Baker Hughes. “BHC3’s scalable AI capabilities for the energy industry will augment KBC’s existing software and enable future application development. These solutions are focused on energy and highly engineered products, demonstrating further momentum for the BakerHughesC3.ai alliance as Baker Hughes continues to invest for growth in industrial digitization.”

“KBC’s use of the flexible, scalable enterprise AI technology from BHC3 will infuse AI capabilities into an already leading portfolio of simulation software for the oil and gas industry,” said Thomas M. Siebel, chairman and CEO of C3 AI. “The transformation of energy requires new approaches, including the constant evolution of existing solutions on the market today. This agreement represents an exciting combination of visionary and market-leading companies working together to digitally-transform the oil and gas industry.”

About KBC

KBC, a wholly owned subsidiary of Yokogawa Electric Corporation, is all about excellence in the Energy and Chemical industry. We make excellence real for our customers through the actions of our people fused with our technology and best practices. We provide leading software and expert services, powered by the cloud, to assure process operations achieve their full potential. Our customers achieve operating performance that surpasses ordinary standards, now and into the future. For more information, visit www.kbc.global.

About Baker Hughes:

Baker Hughes (NYSE: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and with operations in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.

About C3.ai, Inc.

C3.ai, Inc. (NYSE:AI) is the Enterprise AI application software company that accelerates digital transformation for organizations globally. C3 AI delivers a family of fully integrated products: C3 AI^® Suite, an end-to-end platform for developing, deploying, and operating large-scale AI applications; C3 AI Applications, a portfolio of industry-specific SaaS AI applications; C3 AI CRM, a suite of industry-specific CRM applications designed for AI and machine learning; and C3 AI Ex Machina, a no-code AI solution to apply data science to everyday business problems. The core of the C3 AI offering is an open, model-driven AI architecture that dramatically simplifies data science and application development. Learn more at www.c3.ai.

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FINDLAY, Ohio--(BUSINESS WIRE)--One Energy, an Industrial Power Company that serves large C&I customers, today announced the completion of its 2021 scholarship season. The $100,000 in scholarships awarded this year will go to graduating high school seniors across its projects as part of its sixth annual Megawatt Scholarship program.

Since 2015, more than $400,000 has been awarded through the Megawatt Scholarship program. In collaboration with One Energy’s customers, a $5,000 scholarship is awarded annually to local high school seniors pursuing two-year or four-year degrees in science, technology, engineering, or math (STEM) fields for every wind turbine the company installs and operates. Megawatt Scholarship partners establish their own criteria and selection process, and recipient names are permanently placed on the individual turbines, in honor of their achievements.

“We understand the immense responsibility we have to our communities and we believe in practicing what we preach,” said Jereme Kent, CEO of One Energy. “We are a company built on leading minds in the fields of science, technology, engineering, and math. Investing in students pursuing STEM careers and supporting those who live in the communities where we operate is our way of enabling the workforce of the future.”

Each turbine has a 20-year initial contract term, making the scholarship program a long-term commitment to the community. Participating manufacturing facilities that enabled this year’s Megawatt Scholarship program include: Ball Corporation in Findlay, Ohio; LafargeHolcim in Paulding, Ohio; Valfilm North America in Findlay, Ohio, and Whirlpool Corporation in Findlay, Marion, Ottawa, and Greenville, Ohio.

For more information on Megawatt Scholarships, visit www.megawattscholarships.org.

ABOUT ONE ENERGY

One Energy is an industrial power company that helps large energy users build modern, tailored, on-site power grids for their facilities. In doing so, the company is decarbonizing manufacturing, enabling customer control, and building the customer-centric power grid of the future. As a vertically integrated enterprise, One Energy provides physical solutions including Wind for Industry^® and ManagedHV™, as well as analytics and commercial offerings to enable end users to fully customize their energy experience. Everyday items are being produced cleaner and more sustainably thanks to One Energy’s Wind for Industry^® projects – from dishwashers, sliced turkey products, and soda cans, to cement and renewable diesel.

Founded in 2009, One Energy is the largest installer and owner of behind-the-meter wind energy in the United States. Learn more about the customer-centric power grid of the future at www.oneenergy.com.

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Financial Profiles, Inc.
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HOUSTON--(BUSINESS WIRE)--Enterprise Products Partners L.P. (NYSE: EPD) announced today it will host virtual investor meetings at the BofA Securities Energy Credit Conference Wednesday, June 9, 2021.

The latest investor deck, which may be used to facilitate investor meetings, can be accessed under the Investors tab on the Enterprise website.

Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Our services include: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage and export and import terminals; crude oil gathering, transportation, storage and export and import terminals; petrochemical and refined products transportation, storage, export and import terminals and related services; and a marine transportation business that operates primarily on the United States inland and Intracoastal Waterway systems. The partnership’s assets include approximately 50,000 miles of pipelines; 260 million barrels of storage capacity for NGLs, crude oil, refined products and petrochemicals; and 14 Bcf of natural gas storage capacity. Please visit www.enterpriseproducts.com for more information.

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Elara will be the second largest solar project in ERCOT South Zone

AUSTIN, Texas--(BUSINESS WIRE)--#solarenergy--7X Energy, Inc. (“7X”), a leading utility-scale solar developer, owner, and asset manager, announced it has sold its 130 MWac Elara Energy Project (“Elara” or “Project”), located in Frio County, Texas on over 1,700 acres, to KOMIPO America, Inc., which is the U.S. subsidiary of Korea Midland Power Co., Ltd., one of the major power companies in Korea, which is also actively doing business globally.

Morgan Stanley Renewables Inc. is anticipated to be the sole tax equity investor for the Elara project. CohnReznick Capital served as the financial advisor to 7X, providing support across capital formation and structuring. Elara is currently under construction and is expected to reach full commercial operation in Q4 2021.

Elara’s energy and environmental attributes are being sold under three long term offtake agreements. As previously announced, 30 MW of the energy and environmental attributes produced by Elara will be sold to EDF Energy Services under a long-term power purchase agreement. The remaining 100 MW of energy produced by Elara is subject to a long-term hedge agreement with Morgan Stanley Capital Group Inc. Lastly, 100 MW of RECs will be sold to Fathom Energy, LLC under a long-term REC Purchase Agreement.

“With Elara, 7X has now successfully originated over 2,100 MWdc of solar projects either in operation or under construction,” said Clay Butler, President and CEO of 7X Energy. “We are extremely proud, as a team, of playing our small part in assisting future generations in achieving a more sustainable energy future.”

Hobin Kim, the CEO of KOMIPO, applauded Elara as a “milestone project for KOMIPO” as it is the first Texas solar project implemented by a Korean government owned power company in response to the growing global efforts to reduce greenhouse emissions and intergovernmental cooperation to fight climate change. “We are committed to expanding our renewables portfolio in the U.S. to continue to lead and promote the growth engine of the global renewable energy industry,” said CEO Kim.

“We are pleased to provide the investment for Elara, as we continue to advance the transformation of the U.S. energy grid towards a lower carbon future,” said Jorge Iragorri, Head of Alternative Financing and Managing Director of Morgan Stanley.

“Our partnership with Korea Midland Power and 7X Energy, will bring to fruition an important renewable resource in Texas,” said Angelin Baskaran, Head of Power Origination for the Eastern U.S and Managing Director at Morgan Stanley.

Swinerton Renewable is the engineering, procurement, and construction (EPC) contractor and SOLV, a subsidiary of Swinerton, will manage the operations and maintenance for the project. The project is using Nextracker components, Power Electronics Freesun HEM inverters, and over 435,000 Jinko modules. Over the life of the facility the project is expected to provide more than $22 million in total taxes to Frio County, Pearsall ISD, and Frisco Hospital District.

Counsel for the transaction included Norton Rose Fulbright as counsel to 7X Energy, Inc.; White & Case LLP as counsel to KOMIPO; Mayer Brown LLP as counsel to Morgan Stanley Renewables Inc; and Katten Muchin Roenman LLP as counsel to Morgan Stanley Capital Group Inc.

For additional information on the Elara Energy Project, please visit here.

About 7X Energy

7X Energy, Inc. (7X), is a leading independent power producer that develops, owns, and provides asset management services of utility-scale solar projects. The company is independently owned and consists of a diverse team of seasoned industry veterans, with over 10,000 MW of collective utility-scale development expertise. 7X has over 2 GWp of solar projects that are operating or under construction. 7X’s corporate office is located in Austin, Texas, with regional offices located in Denver, CO; San Francisco, CA; and Washington, D.C. Contact us at www.7x.energy.

About KOMIPO in the U.S.

https://www.komipo.co.kr/eng/content/186/main.do?mnCd=EN010101

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KBC will leverage the BHC3 AI Suite and Enterprise AI applications from the BakerHughesC3.ai alliance for the company’s downstream oil & gas sectors

HOUSTON & REDWOOD CITY, Calif.--(BUSINESS WIRE)--Baker Hughes (NYSE: BKR) and C3 AI (NYSE: AI) today announced that KBC, a wholly-owned subsidiary of Yokogawa Electric Corporation, will deploy artificial intelligence (AI) technology from the BakerHughesC3.ai (BHC3) alliance to enhance KBC’s existing software portfolio for oil and gas process simulation, supply chain optimization, and energy management.

KBC is a leading consultancy and software provider for energy, chemical, and offshore oil and gas operations. The company’s process simulation software is widely adopted across hydrocarbon processing facilities, playing a critical role in helping operators meet production goals and maximize profitability.

KBC will leverage BHC3 technology across KBC’s oil and gas portfolio, adding enterprise AI capabilities to their existing digital transformation software. Petro-SIM, KBC's leading process simulation software and optimization platform for driving excellence in facility performance and organizational productivity, has demonstrated bi-directional interoperability with the BHC3 AI Suite. By augmenting KBC’s simulation software with capabilities from BHC3, KBC will further help oil and gas assets improve process planning accuracy, deliver operational agility, and significantly reduce processing time.

These robust enterprise AI solutions will provide continuous automated updates to physics-based simulations through a flexible, extensible model that scales to any industrial configuration and environment, with benefits extending into the supply chain. KBC anticipates the enterprise AI-enabled solutions will generate significant annual economic value for customers, estimating that improved operations will yield more than $0.65 per barrel.

Yokogawa previously announced its adoption of the C3 AI^® Suite to enhance enterprise AI applications across its vertical industries, including power generation, renewables, mining and metals, and chemicals.

“Integration of enterprise AI capabilities into our current software will enable us to further and rapidly drive digital transformation for our customers,” said Shigeyoshi Uehara, KBC chief executive officer. “Working with domain experts for oil and gas specific applications will enable the people, process, and technology changes necessary for more efficient and productive operations.”

“KBC is a leader in digital solutions that transform processes for their customers, and the integration of our industry-leading enterprise AI solutions will continue to create greater efficiencies and productivity for those users,” said Uwem Ukpong, executive vice president of regions, alliances and enterprise sales at Baker Hughes. “BHC3’s scalable AI capabilities for the energy industry will augment KBC’s existing software and enable future application development. These solutions are focused on energy and highly engineered products, demonstrating further momentum for the BakerHughesC3.ai alliance as Baker Hughes continues to invest for growth in industrial digitization.”

“KBC’s use of the flexible, scalable enterprise AI technology from BHC3 will infuse AI capabilities into an already leading portfolio of simulation software for the oil and gas industry,” said Thomas M. Siebel, chairman and CEO of C3 AI. “The transformation of energy requires new approaches, including the constant evolution of existing solutions on the market today. This agreement represents an exciting combination of visionary and market-leading companies working together to digitally-transform the oil and gas industry.”

About KBC

KBC, a wholly owned subsidiary of Yokogawa Electric Corporation, is all about excellence in the Energy and Chemical industry. We make excellence real for our customers through the actions of our people fused with our technology and best practices. We provide leading software and expert services, powered by the cloud, to assure process operations achieve their full potential. Our customers achieve operating performance that surpasses ordinary standards, now and into the future. For more information, visit www.kbc.global.

About Baker Hughes:

Baker Hughes (NYSE: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and with operations in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.

About C3.ai, Inc.

C3.ai, Inc. (NYSE:AI) is the Enterprise AI application software company that accelerates digital transformation for organizations globally. C3 AI delivers a family of fully integrated products: C3 AI^® Suite, an end-to-end platform for developing, deploying, and operating large-scale AI applications; C3 AI Applications, a portfolio of industry-specific SaaS AI applications; C3 AI CRM, a suite of industry-specific CRM applications designed for AI and machine learning; and C3 AI Ex Machina, a no-code AI solution to apply data science to everyday business problems. The core of the C3 AI offering is an open, model-driven AI architecture that dramatically simplifies data science and application development. Learn more at www.c3.ai.

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Organic dairy pioneer and sustainability leader expands production capabilities, strengthening California’s independent family farming and regional economies with climate-resilient business practices.

PETALUMA, Calif.--(BUSINESS WIRE)--Straus Family Creamery, the first 100 percent organic creamery in the United States, has moved its production plant from its original home of 27 years in Marshall to a new facility in Rohnert Park. The new creamery, a 50,000 square foot state-of-the-art facility, is producing its entire line of 72 retail and foodservice organic dairy products made from certified organic milk from 12 small-scale family farms, averaging 250 cows per dairy, in Marin and Sonoma Counties.

Innovative practices to reduce waste and use renewable energy are the primary focus of the mission-driven company’s sustainability strategy. These innovations are consistent with Straus Family Creamery’s history of doing business right. The new facility was designed to Straus’ specifications, focusing the company on becoming more efficient as a manufacturer while allowing more advanced sustainable practices, such as zero-waste production in the future.

In 2019, the Marshall creamery was the first in the world to receive TRUE^® Zero Waste Certification, and the goal is for the Rohnert Park location to obtain the same certification. The company is actively pursuing ways to eliminate fossil fuel-based plastic packaging, implementing a roadmap over the next several years to shift away from its current plastic packaging. The new creamery and its reusable glass bottle program, which currently includes its flagship product Straus Organic Cream-Top Milk, Organic Chocolate Milk, Organic Half & Half, and Organic Heavy Whipping Cream, are essential in the larger vision of reducing Straus’ carbon footprint.

“This is a huge step in our company’s history. This new facility gives us a greater focus on fulfilling our mission to sustain family farms and revitalize rural communities while creating a financially viable, replicable carbon-neutral farming model and sustainable food production,” said Albert Straus, founder and CEO, Straus Family Creamery.

With a larger and more modern manufacturing facility, Straus Family Creamery can increase the capacity of its current dairy products and enter new organic dairy categories. Straus Family Creamery looks forward to expanding its network of farmers from the current 12 certified organic dairy farms, thereby advancing its mission to sustain the next generation of family dairy farmers in the North Bay. This growth expectation is especially relevant at a time when U.S. dairy farms continue to suffer from not being paid the true cost of milk production, unpredictable pricing, and consolidation, which have caused the number of farms to plummet by 37 percent in the past ten years.

To help improve operating efficiencies throughout the production facility and help Straus Family Creamery achieve long-term growth, the company hired Doug Reid as Vice President of Manufacturing Operations and Supply Chain.

He brings 30 years of senior leadership in operations and supply chain from a leading snack nut producer of California almonds and large global wine and spirits companies. Reid is an accredited Lean Six Sigma Black Belt and Continuous Improvement / Operations Excellence leader. He grew up in a dairy farming family and is a fourth-generation farmer.

“In order to grow our mission to sustain local dairy farms, this facility enables improved quality and process controls to deliver on future growth,” said Reid. “This creamery also allows additional capacity to process more organic milk, producing premium organic dairy products to meet the demand in the marketplace.”

The original Marshall creamery could process up to 20,000 gallons of fluid milk each day; the new plant will double that quantity in the future. Qualtech, a company that specializes in designing dairy manufacturing plants, designed and built Straus Family Creamery’s state-of-the-art, eco-conscious, and efficient creamery.

“Our goal was to design new technologies that adapted to the existing minimally processed model that Straus has had in place for nearly three decades, said André Giguère, founder and CEO, Qualtech. “Our machines were built to ensure that the products would retain the texture and authentic Straus dairy taste while minimizing the impact on the environment.”

Straus has long pursued agricultural and business solutions to address climate change, innovating to make a positive environmental impact. Current climate-smart features at the Rohnert Park creamery include:

• 97% carbon-free electricity purchased from Sonoma Clean Power.
• LED lighting with smart controls throughout the new plant.
• Reduced employee commute: overall miles driven by approximately 85 creamery employees will be decreased by around 70 percent, reducing employee transportation emissions by more than 300 metric tons of CO2e per year.
• 10 electric vehicle charging stations for employees to charge EVs at no cost.
• A 5,000 square foot drought-resilient landscape with more than 200 trees, flowering plants, shrubs, hedges, and grasses that conserve water, create pollinator habitats and foster ecological resilience. This landscape was built in coordination with the Conservation Corp North Bay.

Other potential enhancements include new technologies related to water capture and reuse, heat recapture, and more sustainable processes for cleaning the plant.

About Straus Family Creamery

Based in Petaluma, CA, Straus Family Creamery is a certified organic creamery offering minimally processed organic dairy products made from organic milk supplied by family farms in Marin and Sonoma Counties, including the Straus Dairy Farm, which is the first certified organic dairy farm west of the Mississippi River. Straus Family Creamery, the first 100 percent certified organic creamery in the United States, continues to make business decisions based on its mission to help sustain family farms, revitalize rural communities, and protect the environment. The family-owned business sustains collaborative relationships with the family farms that supply it milk, offering stable prices and predictability in what can otherwise be a volatile marketplace. Learn about the Straus difference at StrausFamilyCreamery.com, Facebook, Instagram, Twitter, YouTube, and Linkedin.

Shereen Mahnami
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Li-Cycle and Renewance to offer integrated commercial lithium-ion battery recycling and decommissioning solution across North America

TORONTO--(BUSINESS WIRE)--Li-Cycle Corp. (“Li-Cycle” or “the Company”), an industry leader in lithium-ion battery resource recovery and the leading lithium-ion battery recycler in North America, today announced a partnership with Renewance, a leading life-cycle battery management company, to deliver a safe, sustainable, and cost-effective lithium-ion battery recycling solution for end-of-life energy storage systems.

The deployment of energy storage systems has significantly progressed in recent years and the U.S. energy storage market is set to grow to nearly 26.5 gigawatt hours annually by 2025 and will account for 50% of the global market this year, according to the U.S. Energy Storage Monitor and IHS Markit. Lithium-ion batteries are the primary technology used to store energy and as systems go offline or are upgraded, it is imperative to sustainably return the end-of-life batteries back into the supply chain. By combining their respective strengths in lithium-ion battery recycling and battery life cycle management software and services, Li-Cycle and Renewance expect to play an important role in helping developers and utilities decommission energy storage systems safely, recovering the valuable materials from within the end-of-life batteries, and returning those materials to the economy.

“This partnership with Renewance is a major breakthrough for us as we make considerable inroads in the energy storage market, which is going through substantial growth and in turn will produce a substantial supply of end-of-life batteries that need to be recycled,” said Kunal Phalpher, Chief Commercial Officer of Li-Cycle. “We will enhance Renewance’s abilities to deliver value through efficiently managing its clients’ batteries through our Spoke facilities, strategically located close to regions with high penetration of energy storage systems.”

Li-Cycle and Renewance have been collaborating on energy storage projects since the beginning of 2020, and the parties believe that, with the formalization of their partnership, they are well positioned to grow the scope and scale of energy storage system lithium-ion batteries requiring recycling continue to grow. Li-Cycle’s recently announced third commercial lithium-ion battery recycling facility (or “Spoke”) will be critical in this regard due to its proximity to California, which was an early adopter of energy storage projects and leads the rest of the United States. Li-Cycle’s Spoke facility in Rochester, NY will also be essential in recovering resources from end-of life-lithium-ion batteries from energy storage systems on the U.S. East Coast.

“Renewance and Li-Cycle share the same mission to enable a more sustainable battery energy storage ecosystem,” said Tom Newhall, Chief Operating Officer of Renewance. “We bring a wealth of experience on regulatory considerations to decommissioning and reverse supply chain processes and Li-Cycle brings a strong capability of recovering critical battery materials from lithium-ion batteries in a sustainable and safe manner. We are looking forward to working closely with Li-Cycle on this mutually beneficial partnership.”

On February 16, 2021, Li-Cycle announced its entry into a definitive business combination agreement with Peridot Acquisition Corp. (NYSE: PDAC) (“Peridot”). Upon the closing of the business combination, which is expected in the third quarter of 2021, the combined company will be named Li-Cycle Holdings Corp. (“Newco”). Li-Cycle intends to apply to list the common shares of the combined company on the New York Stock Exchange under the new ticker symbol, “LICY.”

About Li-Cycle

Li-Cycle is on a mission to leverage its innovative Spoke & Hub Technologies™ to provide a customer-centric, end-of-life solution for lithium-ion batteries, while creating a secondary supply of critical battery materials. Lithium-ion rechargeable batteries are increasingly powering our world in automotive, energy storage, consumer electronics, and other industrial and household applications. The world needs improved technology and supply chain innovations to better manage battery manufacturing waste and end-of-life batteries and to meet the rapidly growing demand for critical and scarce battery-grade raw materials through a closed-loop solution. For more information, visit https://li-cycle.com/.

About Renewance

Renewance provides battery life cycle management software and services to some of the world’s largest energy storage companies. Users of the online platform Renewance Connect™ are provided with the most cost effective and environmentally friendly turnkey industrial battery reuse and recycling solutions. Renewance is a winner of the Department of Energy Battery Recycling Prize, focused on improving the reverse supply chain. Renewance has extensive related experience, including such projects as: executing turnkey decommissioning, repurposing and recycling of several large multi-MWh energy storage systems and leading a global battery take back program. Renewance plays a leadership role in driving the creation of reverse supply chain best practices and actively participates in programs such as the ESA Corporate Responsibility Initiative. For more information, visit http://batterystewardship.com/.

ADDITIONAL INFORMATION AND WHERE TO FIND IT

In connection with the proposed business combination involving Li-Cycle and Peridot, Newco has prepared and filed with the SEC a registration statement on Form F-4 that includes both a prospectus of Newco and a proxy statement of Peridot (the “Proxy Statement/Prospectus”). Once effective, Peridot will mail the Proxy Statement/Prospectus to its shareholders and file other documents regarding the proposed transaction with the SEC. This communication is not a substitute for any proxy statement, registration statement, proxy statement/prospectus or other documents Peridot or Newco may file with the SEC in connection with the proposed transaction. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY THE PROXY STATEMENT/PROSPECTUS WHEN IT BECOMES AVAILABLE, ANY AMENDMENTS OR SUPPLEMENTS TO THE PROXY STATEMENT/PROSPECTUS, AND OTHER DOCUMENTS FILED BY PERIDOT OR NEWCO WITH THE SEC IN CONNECTION WITH THE PROPOSED TRANSACTION BECAUSE THESE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders will be able to obtain free copies of the Proxy Statement/Prospectus and other documents filed with the SEC by Peridot or Newco through the website maintained by the SEC at www.sec.gov.

Investors and securityholders will also be able to obtain free copies of the documents filed by Peridot and/or Newco with the SEC on Peridot’s website at www.peridotspac.com or by emailing This email address is being protected from spambots. You need JavaScript enabled to view it..

PARTICIPANTS IN THE SOLICITATION

Li-Cycle, Peridot, Newco, and certain of their respective directors, executive officers and employees may be deemed to be participants in the solicitation of proxies in connection with the proposed transaction. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the solicitation of proxies in connection with the proposed transaction, including a description of their direct or indirect interests, by security holdings or otherwise, are set forth in the Proxy Statement/Prospectus. Information regarding the directors and executive officers of Peridot is contained in Peridot’s Annual Report on Form 10-K for the year ended December 31, 2020, filed with the SEC on March 26, 2021 and certain of its Current Reports filed on Form 8-K. These documents can be obtained free of charge from the sources indicated above.

NO OFFER OR SOLICITATION

This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities of Peridot or Newco or a solicitation of any vote or approval. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS

Certain statements contained in this communication may be considered forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21 of the Securities Exchange Act of 1934, as amended, including statements regarding the proposed transaction involving Li-Cycle and Peridot and the ability to consummate the proposed transaction. Forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “may,” “will,” “should,” “would,” “expect,” “anticipate,” “plan,” “likely”, “believe,” “estimate,” “project,” “intend,” and other similar expressions among others. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation: (i) the risk that the conditions to the closing of the proposed transaction are not satisfied, including the failure to timely or at all obtain shareholder approval for the proposed transaction or the failure to timely or at all obtain any required regulatory clearances, including under the Hart-Scott Rodino Antitrust Improvements Act; (ii) uncertainties as to the timing of the consummation of the proposed transaction and the ability of each of Li-Cycle and Peridot to consummate the proposed transaction; (iii) the possibility that other anticipated benefits of the proposed transaction will not be realized, and the anticipated tax treatment of the combination; (iv) the occurrence of any event that could give rise to termination of the proposed transaction; (v) the risk that stockholder litigation in connection with the proposed transaction or other settlements or investigations may affect the timing or occurrence of the proposed transaction or result in significant costs of defense, indemnification and liability; (vi) changes in general economic and/or industry specific conditions; (vii) possible disruptions from the proposed transaction that could harm Li-Cycle’s business; (viii) the ability of Li-Cycle to retain, attract and hire key personnel; (ix) potential adverse reactions or changes to relationships with customers, employees, suppliers or other parties resulting from the announcement or completion of the proposed transaction; (x) potential business uncertainty, including changes to existing business relationships, during the pendency of the proposed transaction that could affect Li-Cycle’s financial performance; (xi) legislative, regulatory and economic developments; (xii) unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism, outbreak of war or hostilities and any epidemic, pandemic or disease outbreak (including COVID-19), as well as management’s response to any of the aforementioned factors; and (xiii) other risk factors as detailed from time to time in Peridot’s reports filed with the SEC, including Peridot’s annual report on Form 10-K, periodic quarterly reports on Form 10-Q, periodic current reports on Form 8-K and other documents filed with the SEC. The foregoing list of important factors is not exclusive. Neither Li-Cycle nor Peridot can give any assurance that the conditions to the proposed transaction will be satisfied. Except as required by applicable law, neither Li-Cycle nor Peridot undertakes any obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

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ROME--(BUSINESS WIRE)--Convert Italia, a Valmont^® company, is pleased to announce that it has signed a Memorandum of Understanding with one of Europe’s largest global energy companies to collaborate on 700 megawatts of solar projects. The projects will begin over the next 18 months and be implemented in different regions of Europe, including Italy and possibly extending into additional countries. The scope of the project represents enough energy to power 133,000 homes, and is a collaborative effort by both companies to drive the shift to a decarbonized society.

The document outlines a roadmap for delivery of innovative solar tracker technology for photovoltaic plants: the Convert^® TRJ single-axis tracker. “The Convert TRJ is an industry-leading tracker that allows companies to maximize performance when working in difficult topographic and layout conditions,” says Yury Reznikov, vice president of global solar. “Stated simply, the Convert TRJ tracker can be installed where others cannot.”

Going Where Others Cannot

The Convert TRJ Tracker is highly differentiated with a unique controller architecture, Reznikov explains. This tracker design enables customers to more effectively utilize project land by placing more solar structures, save civil costs by minimizing grading, and have complete control over the system with the TRJ-AI SCADA system.

Plus, with its modular design and superior engineering, Reznikov adds, Convert TRJ provides utilities structural technology that allows solar panels to generate more power and energy – with less maintenance – than traditional trackers. In fact, single-axis trackers offer system production increases of up to 25% compared to fixed-tilt systems, and will operate for more than 30 years.

Innovative Options for Solar Infrastructure

Reznikov says Valmont Utility recognized the opportunity of working in the solar space because of demand for more viable and innovative solar options in the European utility sector. “We offer a full range of complete grid infrastructure solutions – making everything work together and streamlining the process, from solar technology to substations and beyond. We have been able to leverage our global supply chain and industry-leading solutions to provide customers an unprecedented value in deploying solar projects.”

Reznikov and Valmont see the transition to a zero-carbon society as an opportunity to build a better future for all. The European Union aims to be climate-neutral – an economy with net-zero greenhouse gas emissions – by the year 2050. This objective matches the Valmont commitment to conserving resources and improving life.

“To date, we have completed multiple gigawatts of projects globally, and Convert Italia projects have an annual production capacity of more than 2 gigawatts,” says Reznikov. “We are focused on working with utilities, owners, developers and EPCs to provide solutions on a global level to minimize greenhouse emissions and replace fossil fuel-based energy generation.”

About Valmont Industries, Inc.

Valmont^® is a global leader, designing and manufacturing highly engineered products and services that support global infrastructure development and agricultural productivity. Its irrigation equipment and services for large-scale agriculture improve farm productivity while conserving fresh water resources. Its products for infrastructure serve highway, transportation, wireless communication, electric transmission, and industrial construction and energy markets. In addition, Valmont provides coatings services that protect against corrosion and improve the service life of steel and other metal products. For more information, visit valmont.com.

About Valmont Utility

Valmont^® Utility is a global leader developing structures that enable electric power to be transferred from the generation source – power generation facility or renewable source such as a solar and wind production – to the end power consumer. As an industry-leading provider of transmission and distribution poles, transmission towers, substation components and renewable energy generation equipment, and a global manufacturing network, Valmont Utility excels in supply chain logistics in service, performance and delivery. For more information, visit valmontutility.com.

Greg Turi, Vice President Global Generation
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