HOUSTON--(BUSINESS WIRE)--Champion Energy Services today announced that three Texas high school seniors have been selected to receive the 2021 Champion Scholars Award. Recipients were chosen from several hundred applicants for their academic excellence and contributions to their communities. The students will receive scholarship awards totaling $10,000 in 2021.
Champion Energy Services and its parent company Calpine Corporation remain committed to making a positive impact on the communities they serve. Now in its seventh year, the Champion Scholars Award was formed by Champion Energy Services to recognize promising young leaders who are active champions in their communities. To date, the Champion Scholars Award has provided $70,000 in scholarships to high school seniors pursuing higher education.
While the 2021 Champion Scholars Award recipients have diverse backgrounds and educational aspirations, they are united in their extensive service records and remarkable leadership qualities. Despite a challenging end to their high school careers, these graduates have allowed no concessions in their dedication to service. From leading socially distanced birthday parades to coordinating meals for displaced families following a natural disaster, these students have demonstrated an unwavering commitment to bettering the world around them.
The 2021 Champion Scholars Award recipients include:
“Each of these students has an impressive history of being an active champion within their community,” said Michael Sullivan, CEO of Champion Energy Services. “Our hope is that these Champion Scholars will continue to embrace the spirit of service and carry it with them into their future endeavors.”
About Champion Energy Services
Champion Energy Services, a subsidiary of Calpine Corporation, is one of the largest retail electric providers in the United States. Champion Energy serves residential, governmental, commercial and industrial customers in deregulated electric energy markets across the U.S. Champion Energy’s growth is driven by competitive, straightforward pricing and a reputation for maintaining the highest levels of satisfaction with its customers. For more information, visit https://www.championenergyservices.com/.
Brett Kerr
VP, Governmental & Regulatory Affairs
(713) 830-8809
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Coolisys Hires Key Management As It Moves Toward Commercial Launch
LAS VEGAS--(BUSINESS WIRE)--$AGH #AP--Ault Global Holdings, Inc. (NYSE American: DPW) a diversified holding company (the “Company”), announced that its subsidiary, Coolisys Technologies Corp.® (“Coolisys”) has formed the subsidiary, TurnOnGreen, Inc., to provide flexible and scalable electric vehicle supply equipment (“EVSE”) and services.
TurnOnGreen was founded with the goal to be an industry leader with a robust product portfolio that Coolisys anticipates will include residential, commercial, and ultra-fast charging stations. TurnOnGreen also provides full-service eMobility charging management application software and network services. Coolisys’ current ACECOOL products will be rebranded as TurnOnGreen products. Coolisys has hired three key executives to join Amos Kohn, President and CEO of Coolisys, in leading this new subsidiary.
Mr. Kohn, as President and CEO of TurnOnGreen, stated, “As we move closer to the commercial launch of our products, we are pleased to have an experienced management team to lead the charge and build out our brands. With a shared mission to do our part to fight climate change, this team continuously strives to bring to emerging markets innovative solutions that provide value for the Company, its consumers and its shareholders. With our 50 years of experience in the power electronics business, we have the knowledge base to enable a successful launch of our product lines.” Mr. Kohn concluded, “Further, given the talents of our new management team, I have the utmost confidence in our ability to quickly scale and provide EV drivers with charging options at home, work and destination locations.”
Joining Coolisys and TurnOnGreen are three individuals with expertise in sales, marketing and technology, respectively:
Marcus Charuvastra, Chief Revenue Officer
Marcus Charuvastra is an accomplished leader with 20 years of experience in strategic planning, sales, services, marketing and business and organizational development. At TurnOnGreen, Marcus leads the sales, mobility ecosystem relationships, and business development functions.
Before joining TurnOnGreen, Mr. Charuvastra spent 11 years at Targeted Medical Pharma serving as Vice President of Operations and as the Managing Director of this microcap biotech start-up. During his tenure, he was instrumental in taking Targeted Medical Pharma public. Mr. Charuvastra was previously Director of Sales and Marketing at Physician Therapeutics and was responsible for building the sales and distribution network in the United States and abroad. He is a graduate of UCLA.
Jodi Brichan, Executive Chairwoman
Jodi Brichan is a commercialization expert with more than 20 years of experience in bringing new products to market in hypergrowth healthcare industries such as pharmaceuticals, medical devices, energy devices and life sciences. With more than five years of board experience, Jodi joins TurnOnGreen as Executive Chairwoman supporting the organizational development of TurnOnGreen and its board of directors as well as its executive management team with a view to support the CEO and President and the other members of the management team in striving to achieve TurnOnGreen’s goals, concentrating on its marketing initiatives to drive revenue and shareholder value.
Before joining TurnOnGreen, Ms. Brichan served as CEO of a wholly owned animal health subsidiary of an EU-based pharmaceutical company that develops new chemotherapy products to treat cancer in companion animals. She also served as a communications executive at two of the leading global communications networks, Omnicom and Publicis. She has significant experience in guiding successful new product launches, creating award-winning advertising campaigns, directing digital transformation initiatives, and leading successful business expansion into new markets. As an EV driver for the past eight years, she is passionate about the societal benefits of driving electric. She holds a B.A.A. from Central Michigan University in Mount Pleasant, Michigan.
Douglas Gintz, Chief Technology Officer
Douglas P. Gintz serves as Chief Technology Officer at Coolisys Technologies, Corp. He is responsible for driving strategic software initiatives and delivering key technologies essential to the market penetration of the Coolisys’ EV charging systems.
Mr. Gintz is a programmer, marketing technologist and designer who has been delivering essential technology and content solutions to a wide audience for more than 30 years. Specializing in emerging technologies, he has developed DNA reporting engines, medical billing software, manufacturing compliance systems and e-commerce applications for companies ranging from startups to multinational corporations. Mr. Gintz’s hands-on experience in bringing retail products to market includes concept development, research, planning, programming and package design. His previous leadership roles include positions such as CEO, CTO, CIO, and CMO.
Mr. Charuvastra stated that “The future is bright for TurnOnGreen. We have the products, the people and the passion to quickly enter the dynamic EV charging market and quickly scale to provide affordable EV chargers for home, businesses and destination locations.”
About Ault Global Holdings, Inc.
Ault Global Holdings, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, the Company provides mission-critical products that support a diverse range of industries, including defense/aerospace, industrial, automotive, telecommunications, medical/biopharma, and textiles. In addition, the Company extends credit to select entrepreneurial businesses through a licensed lending subsidiary. Ault Global Holdings’ headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.AultGlobal.com.
About Coolisys Technologies Corp.
Coolisys Technologies Corp. designs and manufactures innovative, feature-rich, and top-quality power products for mission-critical and life-sustaining applications spanning multiple sectors in the harshest environments. The diverse markets we serve include automotive, defense, aerospace, medical and healthcare, industrial, and telecommunications. Coolisys brings decades of experience to every project, working with our clients to develop leading-edge products to meet a wide range of needs. Coolisys is headquartered in Milpitas, CA; www.Coolisys.com.
About TurnOnGreen, Inc.
TurnOnGreen provides flexible and scalable electric vehicle (EV) charging solutions with a portfolio of residential, commercial and ultra-fast charging station products, charging management software, and network services. We believe that we are the only green-energy technology company in the EV charging market that develops a broad range of robust products with smart service management support and cultivates strong partnerships with the passion and purpose that powers positive change. TurnOnGreen is headquartered in Milpitas, CA; www.TurnOnGreen.com.
Forward-Looking Statements
This press release contains “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. These 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 “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. 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. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at www.AultGlobal.com.
Contacts at TurnOnGreen:
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Contacts at Ault Global Holdings:
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EL PASO, Texas--(BUSINESS WIRE)--As required by the Public Utility Regulatory Act and the Public Utility Commission Texas (PUC) Rules, El Paso Electric (EPE, or the Company) submitted a base rate application for its Texas customers today.
“The timing is based on the PUC’s Rules that require EPE to file a base rate review no later than four years from the final order in its last rate review, which was December 18, 2017,” stated EPE President and CEO Kelly A. Tomblin. “We are sensitive to the timing of this filing, but we must act according to the process, rules and procedures set forth by the PUC. We continue to be committed to providing safe and efficient energy to every customer, and have invested in maintaining the reliability our customers expect as we prepare for weather extremes.”
The 2021 base rate application asks the PUC to consider almost $1 billion of investments the Company has made into its generation, transmission, and distribution system. This includes the need for addressing additional growth within the service region and the necessary replacements made to infrastructure in order to ensure reliable service. If approved by the PUC, the base rate filing will result in a monthly bill increase of $11.76, or 13.36%, for an average Texas residential customer utilizing 686 kilowatt hours (kWh) .
The filing also proposes a reduction to the minimum bill for all non-grandfathered distributed generation (DG) residential and small commercial customers, from the current $30 to $24.02 and $25.19 respectively. This proposal includes the elimination of the minimum bill for those DG customers who have elected the demand charge time of day rate. Additionally, EPE is proposing to return approximately $2.5 million in excess deferred taxes to customers over the next four years. The application also introduces a new plan to support the deployment of electric vehicle (EV) charging stations to ensure our region is ready for the transition to EVs.
The regulatory process can take anywhere from six months to a year to reach a final approved decision. The next step in the process will be for the PUC to assign an Administrative Law Judge and establish a procedural schedule.
About El Paso Electric
El Paso Electric is a regional electric utility providing generation, transmission, and distribution service to approximately 443,240 retail and wholesale customers in a 10,000-square mile area of the Rio Grande valley in west Texas and southern New Mexico.
Facebook @ElPasoElectric | www.epelectric.com | Twitter @ElPasoElectric
Javier C. Camacho
Public Relations Specialist
El Paso Electric Company
C: 915.487.4753
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TORONTO--(BUSINESS WIRE)--Cybin Inc. (NEO:CYBN) (OTCQB:CLXPF) (“Cybin” or the “Company”), a biotechnology company focused on progressing psychedelic therapeutics, today announced the sponsorship of Kernel’s feasibility study of its Kernel Flow technology to measure Ketamine’s psychedelic effect on cerebral cortex hemodynamics.
On January 11, 2021 Cybin announced that it would be partnering with Kernel to leverage Kernel’s proprietary Kernel Flow device for psychedelic-based studies and clinical trials. The Kernel Flow device is the first-of-its-kind that uses quantitative neuroimaging technology that can measure brain activity in real time using a wearable helmet during psychedelic treatments.
Kernel Flow uses pulsed light instead of continuous wave light to increase measured brain information. In contrast with electroencephalography (“EEG”) electrodes that usually require gel on the head or functional magnetic resonance imaging (“fMRI”) studies that require a participant to lie in a scanner, the Flow device is an easily wearable helmet that could in the future be more broadly used for neuroscientific or physiological studies of brain activity during psychedelic use. To date, direct neuroimaging research of psychedelic effects, in vivo, has rarely been attempted, and never with a wearable device.
"We still have much to learn about what is occurring in the brain during a psychedelic experience. This first-of-its-kind, Cybin-sponsored study, using the Kernel Flow device, aims to expand our physiological understanding of psychedelic pharmacotherapy. We are excited to be part of this pioneering journey with our partners at Kernel," stated Doug Drysdale, Chief Executive Officer of Cybin.
“Psychedelics have shown great promise for mental health and wellness, and Kernel’s collaboration with Cybin has the promise of offering increased scientific rigor for their development,” stated Bryan Johnson, Founder & Chief Executive Officer of Kernel.
About Cybin
Cybin is a leading biotechnology company focused on progressing psychedelic therapeutics by utilizing proprietary drug discovery platforms, innovative drug delivery systems, novel formulation approaches and treatment regimens for psychiatric disorders.
Cautionary Notes and Forward-Looking Statements
Certain statements in this news release related to the Company are forward-looking statements and are prospective in nature. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. These statements generally can be identified by the use of forward-looking words such as “may”, “should”, “could”, “intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or “continue”, or the negative thereof or similar variations. Forward-looking statements in this news release include statements regarding enhanced liquidity, the value of additional capital markets exposure, access to institutional and retail investors, the Company’s new strategic brand messaging campaign, and psychedelic drug development programs to potentially treat mental health disorders. There are numerous risks and uncertainties that could cause actual results and Cybin’s plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, the Company does not intend to update these forward-looking statements.
Cybin makes no medical, treatment or health benefit claims about Cybin’s proposed products. The U.S. Food and Drug Administration, Health Canada or other similar regulatory authorities have not evaluated claims regarding psilocybin, psychedelic tryptamine, tryptamine derivatives or other psychedelic compounds or nutraceutical products. The efficacy of such products have not been confirmed by approved research. There is no assurance that the use of psilocybin, psychedelic tryptamine, tryptamine derivatives or other psychedelic compounds or nutraceuticals can diagnose, treat, cure or prevent any disease or condition. Vigorous scientific research and clinical trials are needed. Cybin has not conducted clinical trials for the use of its proposed products. Any references to quality, consistency, efficacy and safety of potential products do not imply that Cybin verified such in clinical trials or that Cybin will complete such trials. If Cybin cannot obtain the approvals or research necessary to commercialize its business, it may have a material adverse effect on Cybin’s performance and operations.
The NEO Exchange has neither approved nor disapproved the contents of this news release and is not responsible for the adequacy and accuracy of the contents herein.
Investor Contacts:
Tim Regan/Scott Eckstein
KCSA Strategic Communications
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Lisa M. Wilson
In-Site Communications, Inc.
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Media Contacts:
John Kanakis
Cybin Inc.
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DALLAS--(BUSINESS WIRE)--Energy Transfer LP (“ET”) today announced it has priced an underwritten public offering (the “offering”) of 900,000 of its 6.500% Series H Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Units (the “Series H Preferred Units”) at a price of $1,000.00 per unit, resulting in total proceeds of $900 million, before deducting underwriting discounts and offering expenses payable by ET.
Distributions on the Series H Preferred Units, which will be paid semi-annually on May 15 and November 15 each year beginning November 15, 2021, will accrue and be cumulative from and including the date of original issue to, but excluding, November 15, 2026, at a rate of 6.500% per annum of the stated liquidation preference of $1,000.00. On and after November 15, 2026, distributions on the Series H Preferred Units will accumulate at a percentage of the $1,000.00 liquidation preference equal to an interest rate equal to the Five-year U.S. Treasury Rate (as described in the prospectus supplement relating to the offering), plus a spread of 5.694% per annum. The Series H Preferred Units are redeemable, in whole or in part, on one or more occasions, at ET’s option during any Redemption Period (as described in the prospectus supplement relating to the offering) at a redemption price of $1,000.00 per Series H Preferred Unit, plus an amount equal to all accumulated and unpaid distributions thereon to, but excluding, the date of redemption.
The offering of the Series H Preferred Units is expected to close on or about June 15, 2021, subject to the satisfaction of customary closing conditions.
ET intends to use the net proceeds from the offering to repay certain of its outstanding indebtedness and for general partnership purposes.
J.P. Morgan, Mizuho Securities, PNC Capital Markets LLC and Truist Securities are acting as joint book-running managers of the offering. When available, copies of the prospectus supplement and prospectus relating to the offering may be obtained by sending a request to:
J.P. Morgan Securities LLC
383 Madison Avenue, 3rd Floor
New York, New York 10179
Attention: Investment Grade Syndicate Desk
Telephone: (212) 834-4533
Mizuho Securities USA LLC
1271 Avenue of the Americas
New York, New York 10020
Attention: Debt Capital Markets
Telephone: (866) 271-7403
PNC Capital Markets LLC
300 Fifth Avenue, 10th Floor
Pittsburgh, Pennsylvania 15222
Attention: Debt Capital Markets
Telephone: 1 (855) 881-0697
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Truist Securities, Inc.
303 Peachtree Street
Atlanta, Georgia 30308
Attention: Prospectus Department
Telephone: (800) 685-4786
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
You may also obtain these documents for free when they are available by visiting EDGAR on the Securities and Exchange Commission (the “SEC”) website at www.sec.gov.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering may be made only by means of a prospectus and related prospectus supplement meeting the requirements of Section 10 of the Securities Act of 1933, as amended. The offering will be made pursuant to an effective shelf registration statement and prospectus previously filed by ET with the SEC.
Energy Transfer LP owns and operates one of the largest and most diversified portfolios of energy assets in the United States. Strategically positioned in all of the major U.S. production basins, its core operations include complementary natural gas midstream, intrastate and interstate transportation and storage assets; crude oil, natural gas liquids (NGL) and refined product transportation and terminalling assets; NGL fractionation; and various acquisition and marketing assets. Energy Transfer LP also owns Lake Charles LNG Company, as well as limited partner interests and the general partner interests of publicly traded master limited partnerships Sunoco LP (NYSE: SUN) and USA Compression Partners, LP (NYSE: USAC).
Statements about the offering may be forward-looking statements as defined under federal law. Forward-looking statements can be identified by words such as “anticipates,” “believes,” “intends,” “projects,” “plans,” “expects,” “continues,” “estimates,” “goals,” “forecasts,” “may,” “will” and other similar expressions. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties and factors, many of which are outside the control of ET, and a variety of risks that could cause results to differ materially from those expected by management of ET. Important information about issues that could cause actual results to differ materially from those expected by management of ET can be found in ET’s public periodic filings with the SEC, including its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. ET undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time.
Energy Transfer LP
Investor Relations:
William Baerg, Brent Ratliff, Lyndsay Hannah, 214-981-0795
or
Media Relations:
Vicki Granado, 214-840-5820
H2scan Online Hydrogen Monitors Extend Life of Transmission and Distribution Transformers and Reduce Carbon Emissions Associated with Replacement
VALENCIA, Calif.--(BUSINESS WIRE)--#h2scan--H2scan, a leading provider of proven, proprietary hydrogen sensors and technologies for utilities and industrial markets, announced today Carbon-Zero UK (a division of Data Engineering Projects Limited) has completed a carbon assessment verifying the impact of H2scan online hydrogen monitors in extending the life of transmission and distribution transformers.
The report explored the carbon emissions associated with transformer manufacture, transport, installation and disposal, and verified the importance of early failure detection made possible by H2scan online hydrogen monitors.
Transformers play an important role in electrical power delivery, making reliability imperative. While high voltage electric power transmission and distribution transformers are typically reliable, failure of just one unit can cause service interruption, or in worst cases, dangerous explosion.
According to the report, global estimates show that electrical utilities have an installed base of nearly 12 million three-phase transformers with more than 300,000 new transformers installed per year. The report also found that based on an average transformer failure rate of up to 2.9 percent, global transformer replacements could cost $430 billion, with 85 million tons of associated carbon emissions per year, globally as a result of disposal and replacement.
As transformers begin to age and components degrade, temperatures rise in the insulating oil and hydrogen gas precipitates from that oil. This is an early indication of transformer issues. While hydrogen levels are often manually monitored on a set schedule, key hydrogen indicators can be missed between manual samples.
H2scan online hydrogen monitors play a critical role in helping utilities get early indication of faults by providing real-time monitoring of hydrogen levels and enabling utilities to intervene and avoid costly disruptions or total failure.
“Transformer failures not only cause disruption of service, they are also costly. In addition, the replacement of transformers results in large carbon emission from the materials and components involved in manufacturing and installing new transformers,” said Leon White, VP Transformer Sales & Business Development at H2scan. “H2scan online hydrogen monitors provide utilities with a low-cost solution to provide early fault detection, avoiding the significant costs of replacement, business interruption or property damage as a result of failure.”
Download the full report here.
About H2scan Corporation
H2scan was founded in 2002, and has its headquarters, sales, production and marketing staff in Valencia, California. The Company provides the most accurate, tolerant and affordable hydrogen leak detection and process gas monitoring solutions for industrial markets. H2scan enables the accurate monitoring and control functions for a wide range of applications, including control systems, safety monitoring and alarm systems. H2scan also provides portable, handheld configurations for easy leak detection and monitoring. H2scan supplies its hydrogen process analyzer and hydrogen leak detectors to utility, petrochemical, refinery, and gas line companies, nuclear power plants, fuel cell, petroleum and other industrial organizations through distribution, or long-term supply agreements. H2scan helps its customers meet safety, regulatory and process control requirements while doing critical hydrogen monitoring. H2scan’s customer base includes some of the largest manufacturing enterprises in the world including: General Electric, DOD, ABB, Siemens, ExxonMobil, Shell, Chevron, NASA, Proctor & Gamble and more.
H2scan now holds 33 patents on its core technology, software and electronics and its products are sold in over 50 countries worldwide. For more information, please visit http://www.h2scan.com.
David Rodewald/Amber Rubin
The David James Agency LLC
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805-494-9508
MIDLAND, Texas--(BUSINESS WIRE)--Colgate Energy Partners III, LLC (the “Company” or “Colgate”) announced today that it has entered into a definitive agreement under which Colgate will acquire a majority of the assets owned by Luxe Energy LLC (“Luxe”) in an all-stock transaction. Luxe will continue to own and manage certain assets including a portion of the non-operated leasehold interests that are operated by MDC Reeves Energy, LLC and its affiliates. Closing occurred simultaneously with signing of a definitive agreement on June 1, 2021.
Luxe Highlights
Transaction Highlights
“The acquisition of Luxe is a transformational event that positions Colgate as one of the largest private companies in the Permian. It allows both Colgate and Luxe stakeholders to take advantage of increased scale while generating substantial free cash flow. This transaction enhances our already best-in-class balance sheet and puts us in a position of strength as we look to opportunistically pursue further consolidation,” stated James Walter, Co-Chief Executive Officer of Colgate.
Will Hickey, Co-Chief Executive Officer of Colgate, added “This acquisition is a perfect fit into the existing Colgate portfolio. The large contiguous acreage position sits right in Colgate’s backyard, and its Ward County position will compete for capital immediately. This transaction delivers the right balance of up-front production and cash flow to provide balance sheet strength, along with high-quality inventory to drive value over the coming years. The Colgate team is excited to continue our operational success on the Luxe assets.”
Conference Call
Colgate will host a conference call for investors and analysts to discuss the transaction on Wednesday, June 2, 2021 at 10:00 a.m. EST / 9:00 a.m. CDT. To participate in the Conference Call, register using this link or at https://www.colgateenergyir.com/irinfo.
About Colgate
Colgate is a privately held, independent oil and natural gas company headquartered in Midland, Texas that is engaged in the acquisition, exploration and development of oil and natural gas assets in the Delaware Basin, with operations principally focused in Reeves County, Ward County, and Eddy County. For more information regarding Colgate, please visit our Investor Relations website.
Forward-Looking Statements
This press release contains forward-looking statements based on Colgate’s current expectations that involve a number of risks and uncertainties. Generally, forward-looking statements do not relate strictly to historical or current facts and may include words such as “believes,” “will,” “expects,” “anticipates,” “intends” or similar words or phrases. No forward-looking statement can be guaranteed. Numerous risks, uncertainties and other factors may cause actual results to differ materially from those expressed in any forward-looking statement.
Michael Poynter
432-695-4222
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XL SOLAR PARTNERS CONTRACTED TO BUILD ONE OF HOUSTON’S LARGEST ROOFTOP SOLAR SYSTEMS INSIDE LOOP
HOUSTON--(BUSINESS WIRE)--XL Solar Partners, LLC. (XL Solar), a leading developer of renewable energy solutions for commercial and industrial projects, entered into an agreement for the installation of a commercial rooftop solar system with the FR8T Yard, a commercial office building located at 4245 Richmond Avenue in Houston, Texas. The project ranks among Houston’s largest commercial solar installations inside the 610 Loop and distinguishes the FR8T Yard as one of the area’s renewable energy proponents.
XL Solar, a Houston-based full service solar energy system provider designed the 250kW solar photovoltaic (PV) system with high efficiency, high output monocrystalline modules to maximize power generation on the project’s constrained land area. Encouraged by Google’s Project Sunroof—a solar power initiative to map the planet's solar potential, which named Houston as the most promising city in the US for solar potential—the FR8T Yard’s rooftop system will soon offset much of its power consumption and operating costs while helping improve Houston’s environmental footprint.
In 2020, XL Solar began enhancing its presence in the Texas region, and this new installation will add another milestone for the company. “We are pleased to have been chosen to install this system for the FR8T Yard,” stated Xavier Perez, President of XL Solar. “We strive to support Houston’s rapidly growing renewable market by leveraging leading-edge technologies together with our years of industry experience in clean energy.”
This groundbreaking project aligns with Mayor Turner’s unwavering support for solar energy in Houston. Under his leadership, the City of Houston, a member of C40 Cities Global Climate Leadership Group, is now committed to purchasing 100% renewables. The city is currently the largest municipal user of renewable energy in the nation. And according to Project Sunroof, Houston is the number one opportunity for commercial and residential rooftops solar system in the US. According to Google’s scientists: “Houston has the most solar energy potential of any U.S. city with an estimated 18,940 gigawatt-hours of rooftop solar generation potential per year.”1
Consistent with the development’s objective for delivering fully renewable power, the FR8T Yard will now benefit from cleaner, more cost-efficient energy. “It’s encouraging to watch solar energy catching on for commercial uses in Houston,” stated Larry Atherton, President of the FR8T Yard development. “For years, homeowners realized benefit of solar to lower energy costs and help the environment, and we hope our system will inspire other businesses to install rooftop solar systems. This project represents a giant step toward becoming a net-zero carbon facility, and we look forward to decades of environmental stewardship with our tenants.”
Key features of the system include net metering which the FR8T Yard will use to export excess power into the grid to serve nearby homes and businesses. Equivalent to operating approximately 500 32” plasma TVs, the system is estimated to save 125 Megatons of CO2 emissions per year (equal to the amount of carbon that 3,137 trees absorb and store every day), contributing toward a cleaner environment in Houston.
According to Perez, XL Solar has its scope on solar projects throughout Texas, which SEIA (the Solar Energy Industries Association) also touts as the most promising solar market in the US. 2 According to Perez, “With state policies that remove market barriers and recognize Solar’s benefits, Texas is poised to become the nationwide leader in solar energy, with more than 4 GW of capacity expected to be installed over the next 5 years. Project Sunroof shined a new light on Houston; and the FR8T Yard project is only one of several projects that we have under development in Texas, where we plan to implement many large-scale commercial projects.”
About XL Solar Partners, LLC.
XL Solar Partners, LLC. is a leading developer of renewable energy solutions. The company provides project design, development, installation and financing for solar projects. The company combines best-of-breed technologies with the best practices of roof top solar to provide building owners with a clear path to achieve energy independence and lower electrical costs at predictable rates. For more information, visit www.xlsolarpartners.com.
About FR8T Yard Development
The FR8T Yard is a commercial redevelopment by KT Builders (www.ktbuilders.com) on 4245 Richmond Avenue in Houston. Current tenants are Noble Generation, an international clean energy and infrastructure developer, Renewable Generation Technologies, a domestic renewable energy developer, FR8T Yard Ministorage and FR8T Yard Wine Storage. The Grand Opening is anticipated in July 2021. For more information, visit www.fr8tyard.com.
1 Google, Project Sunroof (https://blog.google/products/maps/shedding-light-solar-potential-all-50-us-states/).
2 Solar Energy Industries Association (SEIA) on Texas Solar, Q4 2020: https://www.seia.org/state-solar-policy/texas-solar.
Xavier Perez at This email address is being protected from spambots. You need JavaScript enabled to view it.
LONDON--(BUSINESS WIRE)--VH Global Sustainable Energy Opportunities plc (“GSEO”) – a £243m London-listed Investment company – is proud to announce a $63m commitment to fund the construction of 18 remote distributed solar generation projects across ten Brazilian states with a total capacity of 75MW. Brazil is a Key Partner of the OECD and one of the world’s fastest growing energy markets.
An initial tranche of $4m will fund the construction of four projects across Rio de Janeiro, which once operational will provide 5MW of energy to a combination of local communities and regional utilities.
The initial tranche will be followed by a second $24m tranche in June to fund up to eight projects across Sergipe, Rio Grande do Norte, Paraiba, Mato Grosso do Sul, Piaui, Bahia and Para, which will provide 28MW of energy.
The remaining $35m will be deployed by August across Rio de Janeiro, Minas Gerais, Bahia and Sao Paulo to build six solar projects which will generate 42MW of power.
The fully-equity funded projects are at the ready-to-build stage and are expected to be operational in less than six months from investment. Once operational, the expected annual returns will exceed the Company’s target annual dividend yield of 5% and total return of 10%.
An independent assessment of the project, as per the process, has concluded that it is compliant with the Company’s six relevant Sustainable Development Goals – goals 3, 7, 8, 9 13 and 17 – and will do no significant harm in the context of the remaining eleven goals.
GSEO is partnering with developer Energea Global LLC, which has a proven track record in developing and operating distributed power generation assets in Brazil.
The aim of this investment is to support and accelerate the growth of a sustainable energy system in Brazil by improving and securing localised access to clean energy and helping to lower Brazilian energy prices.
The projects involve building solar PV farms to supply energy to creditworthy commercial and industrial energy users, as well as large multinational corporations with operations in Brazil. About half of the total production capacity is to be contracted with a multinational telecoms company. The lengths of the contracts will be 20 years on average and will be inflation-linked.
Approximately 37% of the net proceeds raised on IPO are currently committed to the Enhanced Pipeline Assets.
Eduardo Monteiro, Co-Chief Investment Officer of Victory Hill Capital Advisors LLP (“Victory Hill”), investment adviser to GSEO, said: “As promised to investors, this funding commitment marks the beginning of a very exciting journey for the Company in Brazil, where we can support real and lasting improvements in the country’s energy infrastructure. Brazil is experiencing rapid growth in its energy sector and there is significant potential for investors with the right expertise to help contribute to the country’s growth with cleaner and reliable sources of power.”
Mike Silvestrini, Managing Partner at Energea, said: “Brazil is one of the most exciting markets in the world when it comes to distributed generation and we are proud to have the backing of an experienced team at Victory Hill to develop further distributed solar power generation across the country. Right now, Brazil has the attractive combination of enabling policy landscape, strong energy economics and high degrees of customer adoption, marking it as a prime opportunity for investors looking to have a positive impact on the world and help battle the climate crisis.”
Ends
Notes to editors
Distributed power generation: Distributed generation refers to the use of technology such as solar panels to generate electricity near to where it will be used, serving either a single home or business, or forming part of a ‘microgrid’ tied into the larger electricity network which can be used to serve thousands of homes and businesses. Distributed generation can help support delivery of clean, reliable power to additional customers and reduce electricity losses along transmission and distribution lines and help lower energy prices.
About Victory Hill Capital Advisors LLP
Victory Hill Capital Advisers LLP is the investment-focused subsidiary of Victory Hill Capital Group LLP. Victory Hill Capital Advisors LLP (FRN 938594) is an Appointed Representative of G10 Capital Limited, which is authorised and regulated by the Financial Conduct Authority (FRN 648953).
Victory Hill is based in London and was founded in May 2020 by an experienced team of energy financiers that have spun-out of a large established global project finance banking group. The team have an established track record built over five years while working together in their previous roles and participating in over $37.1bn in sustainable energy project transaction values, generating over 24.2 per cent. equity returns. In addition, the team has also participated in more than $200bn in transaction values across 91 conventional and renewable energy-related transactions in over 30 jurisdictions worldwide, throughout their individual careers. The average experience per individual is 21 years of relevant energy finance experience.
The Victory Hill team deploys its experience across different financial disciplines to holistically assess investments from different perspectives. The firm pursues operational stability and well-designed corporate governance to generate sustainable positive returns for investors. It focuses on supporting and accelerating the Energy Transition and the attainment of the UN Sustainable Development Goals.
Victory Hill is a signatory of the United Nations Principles for Responsible Investing (UN PRI), the United Nations Global Compact (UN GC) and is a formal supporter of the Financial Stability Board’s Task-Force on Climate-related Disclosures (TFCD).
About Energea
Energea was launched in 2017 by American entrepreneurs Mike Silvestrini and Chris Sattler, who have built successful US distributed generation businesses, Greenskies Renewable Energy and North American Power. Today, Energea Global develops projects across multiple countries around the world and have built a presence in Brazil over the last four years with over 24 staff members based in Brazil and the US. The company is an expert developer and operator of highly differentiated distributed generation projects.
For more information on Victory Hill
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BOGOTA, Colombia--(BUSINESS WIRE)--GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Ecuador, Chile, Brazil and Argentina provides a production and operations update related to the ongoing situation in Colombia.
As previously announced on May 17, following a series of extensive protests and demonstrations across Colombia that include road blockades affecting logistics and supply chains in general, GeoPark’s crude oil transportation, drilling and mobilization of personnel, equipment and supplies have been restricted in the Llanos and Putumayo basins, affecting the Llanos 34 (GeoPark operated, 45% WI), CPO-5 (GeoPark non-operated, 30% WI) and Platanillo (GeoPark operated, 100% WI) blocks. These events have caused the Company to execute temporary production curtailments since May 8.
Over recent days, conditions for the Company’s normal operations in the Llanos basin have been improving and a significant portion of its curtailed production has been brought back online. Currently, net production curtailments vary between 4,000-5,000 boepd, of which approximately 50% correspond to the Platanillo block, which is shut in. Remaining production curtailments correspond to the CPO-5 and Llanos 34 blocks, which depending on surface logistics are currently producing at 70-85% and 90-95%, respectively, of their capacity.
GeoPark’s net consolidated oil and gas production is currently at 35,000-36,000 boepd, compared to an average production of 38,131 boepd in 1Q2021.
Improved conditions are also allowing the Company to gradually resume its drilling and well maintenance activities in the Llanos basin.
During this time, GeoPark has been able to swiftly and successfully plan and implement a wide range of alternative logistics to minimize curtailments, accelerate the resumption of drilling and maintenance activities and provide continued support to field teams and local communities.
GeoPark’s priority is to ensure the health and safety of its employees, neighbors and contractors. The Company will continue taking all necessary steps to mitigate the impact of current events and once there is more information on the length and overall evolution of these events, GeoPark expects to provide revised oil and gas production guidance and an updated work program.
NOTICE
Additional information about GeoPark can be found in the “Investor Support” section on the website at www.geo-park.com.
Rounding amounts and percentages: Certain amounts and percentages included in this press release have been rounded for ease of presentation. Percentage figures included in this press release have not in all cases been calculated on the basis of such rounded figures, but on the basis of such amounts prior to rounding. For this reason, certain percentage amounts in this press release may vary from those obtained by performing the same calculations using the figures in the financial statements. In addition, certain other amounts that appear in this press release may not sum due to rounding.
This press release contains certain oil and gas metrics, including information per share, operating netback, reserve life index and others, which do not have standardized meanings or standard methods of calculation and therefore such measures may not be comparable to similar measures used by other companies. Such metrics have been included herein to provide readers with additional measures to evaluate the Company's performance; however, such measures are not reliable indicators of the future performance of the Company and future performance may not compare to the performance in previous periods.
CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION
This press release contains statements that constitute forward-looking statements. Many of the forward-looking statements contained in this press release can be identified by the use of forward-looking words such as ‘‘anticipate,’’ ‘‘believe,’’ ‘‘could,’’ ‘‘expect,’’ ‘‘should,’’ ‘‘plan,’’ ‘‘intend,’’ ‘‘will,’’ ‘‘estimate’’ and ‘‘potential,’’ among others.
Forward-looking statements that appear in a number of places in this press release include, but are not limited to, statements regarding the intent, belief or current expectations, regarding various matters, including the protests and demonstrations in Colombia, expected or future production, production growth and operating and financial performance, future opportunities in 2021, our 2021 oil and gas production guidance and work program and our capital expenditure plan. Forward-looking statements are based on management’s beliefs and assumptions, and on information currently available to the management. Such statements are subject to risks and uncertainties, and actual results may differ materially from those expressed or implied in the forward-looking statements due to various factors.
Forward-looking statements speak only as of the date they are made, and the Company does not undertake any obligation to update them in light of new information or future developments or to release publicly any revisions to these statements in order to reflect later events or circumstances, or to reflect the occurrence of unanticipated events. For a discussion of the risks facing the Company which could affect whether these forward-looking statements are realized, see filings with the U.S. Securities and Exchange Commission (SEC).
For further information, please contact:
INVESTORS:
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~Acquisition marks Lineage’s entrance into the European freight forwarding industry, strengthening efficiencies in global supply chain offering~
NOVI, Mich.--(BUSINESS WIRE)--#onelineage--Lineage Logistics, LLC (“Lineage” or the “Company”), the world’s largest and most innovative temperature-controlled industrial REIT and logistics solutions provider, today announced it has closed the acquisition of UTI Forwarding (“UTI”), a renowned Rotterdam-based freight forwarder.
The acquisition was first announced on April 26, 2021.
UTI Forwarding is a leading freight forwarding company that is strategically located in Rotterdam, Netherlands, which specializes in the exporting and importing of Full Container Load (“FCL”) cargo, handling both temperature-controlled and other containerized goods.
The acquisition marks Lineage’s entrance into the freight forwarding industry in Europe, further strengthening Lineage’s end-to-end supply chain offering by advancing the operational synergies for the movement of goods through Lineage’s global warehouse network.
“Together with UTI we will create even greater opportunities to provide end-to-end supply chain offerings for our shared customers,” said Mike McClendon, President of International Operations & EVP of Network Optimization at Lineage. “We are thrilled to close on this acquisition and officially welcome UTI into the Lineage family.”
About Lineage Logistics
Lineage Logistics is the world’s largest temperature-controlled industrial REIT and logistics solutions provider. It has a global network of over 340 strategically located facilities totaling over 2 billion cubic feet of capacity which spans 15 countries across North America, Europe, Asia-Pacific, and South America. Lineage’s industry-leading expertise in end-to-end logistical solutions, its unrivaled real estate network, and development and deployment of innovative technology help increase distribution efficiency, advance sustainability, minimize supply chain waste, and most importantly, as a Visionary Partner of Feeding America, help feed the world. In recognition of the company’s leading innovations and sustainability initiatives, Lineage was recognized as the No 1. Data Science company, and 23rd overall, on Fast Company’s 2019 list of The World’s Most Innovative Companies, in addition to being included on Fortune’s Change The World list in 2020. (www.lineagelogistics.com)
Lineage Logistics
Megan Hendricksen
949.247.5172
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MONTREAL & KANSAS CITY, Mo.--(BUSINESS WIRE)--JJ Ruest, President and Chief Executive Officer of CN (TSX: CNR) (NYSE: CNI), and Patrick J. Ottensmeyer, President and Chief Executive Officer of Kansas City Southern (“KCS”) (NYSE: KSU), will address Bernstein’s 37th Annual Strategic Decisions Conference on Thursday, June 3, 2021 at 11:00 a.m. Eastern Time (ET).
Mr. Ruest and Mr. Ottensmeyer will deliver opening remarks followed by a fireside chat. They will discuss the compelling strategic and financial benefits of the pro-competitive combination of CN and KCS that will create the premier railway for the 21st century.
CN and KCS will provide a live audio webcast via the Investors section of their websites at www.cn.ca/investors and investors.kcsouthern.com. A replay of the webcast will be available following the event.
For more information about CN’s pro-competitive combination with KCS, please visit www.ConnectedContinent.com.
About CN
CN is a world-class transportation leader and trade-enabler. Essential to the economy, to the customers, and to the communities it serves, CN safely transports more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year. As the only railroad connecting Canada’s Eastern and Western coasts with the U.S. South through a 19,500-mile rail network, CN and its affiliates have been contributing to community prosperity and sustainable trade since 1919. CN is committed to programs supporting social responsibility and environmental stewardship.
About Kansas City Southern
Headquartered in Kansas City, Mo., Kansas City Southern (KCS) (NYSE: KSU) is a transportation holding company that has railroad investments in the U.S., Mexico and Panama. Its primary U.S. holding is The Kansas City Southern Railway Company, serving the central and south central U.S. Its international holdings include Kansas City Southern de Mexico, S.A. de C.V., serving northeastern and central Mexico and the port cities of Lázaro Cárdenas, Tampico and Veracruz, and a 50 percent interest in Panama Canal Railway Company, providing ocean-to-ocean freight and passenger service along the Panama Canal. KCS' North American rail holdings and strategic alliances with other North American rail partners are primary components of a unique railway system, linking the commercial and industrial centers of the U.S., Mexico and Canada. More information about KCS can be found at www.kcsouthern.com.
Forward Looking Statements
Certain statements included in this news release constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and under Canadian securities laws, including statements based on management’s assessment and assumptions and publicly available information with respect to KCS, regarding the proposed transaction between CN and KCS, the expected benefits of the proposed transaction and future opportunities for the combined company. By their nature, forward-looking statements involve risks, uncertainties and assumptions. CN cautions that its assumptions may not materialize and that current economic conditions render such assumptions, although reasonable at the time they were made, subject to greater uncertainty. Forward-looking statements may be identified by the use of terminology such as “believes,” “expects,” “anticipates,” “assumes,” “outlook,” “plans,” “targets,” or other similar words.
Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and other factors which may cause actual results, performance or achievements of CN, or the combined company, to be materially different from the outlook or any future results, performance or achievements implied by such statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements. Important risk factors that could affect the forward-looking statements in this news release include, but are not limited to: the outcome of the proposed transaction between CN and KCS; the parties’ ability to consummate the proposed transaction; the conditions to the completion of the proposed transaction; that the regulatory approvals required for the proposed transaction may not be obtained on the terms expected or on the anticipated schedule or at all; CN’s indebtedness, including the substantial indebtedness CN expects to incur and assume in connection with the proposed transaction and the need to generate sufficient cash flows to service and repay such debt; CN’s ability to meet expectations regarding the timing, completion and accounting and tax treatments of the proposed transaction; the possibility that CN may be unable to achieve expected synergies and operating efficiencies within the expected time-frames or at all and to successfully integrate KCS’ operations with those of CN; that such integration may be more difficult, time-consuming or costly than expected; that operating costs, customer loss and business disruption (including, without limitation, difficulties in maintaining relationships with employees, customers or suppliers) may be greater than expected following the proposed transaction or the public announcement of the proposed transaction; the retention of certain key employees of KCS may be difficult; the duration and effects of the COVID-19 pandemic, general economic and business conditions, particularly in the context of the COVID-19 pandemic; industry competition; inflation, currency and interest rate fluctuations; changes in fuel prices; legislative and/or regulatory developments; compliance with environmental laws and regulations; actions by regulators; the adverse impact of any termination or revocation by the Mexican government of KCS de México, S.A. de C.V.’s Concession; increases in maintenance and operating costs; security threats; reliance on technology and related cybersecurity risk; trade restrictions or other changes to international trade arrangements; transportation of hazardous materials; various events which could disrupt operations, including illegal blockades of rail networks, and natural events such as severe weather, droughts, fires, floods and earthquakes; climate change; labor negotiations and disruptions; environmental claims; uncertainties of investigations, proceedings or other types of claims and litigation; risks and liabilities arising from derailments; timing and completion of capital programs; and other risks detailed from time to time in reports filed by CN with securities regulators in Canada and the United States. Reference should also be made to Management’s Discussion and Analysis in CN’s annual and interim reports, Annual Information Form and Form 40-F, filed with Canadian and U.S. securities regulators and available on CN’s website, for a description of major risk factors relating to CN. Additional risks that may affect KCS’ results of operations appear in Part I, Item 1A “Risks Related to KCS’s Operations and Business” of KCS’ Annual Report on Form 10-K for the year ended December 31, 2020, and in KCS’ other filings with the U.S. Securities and Exchange Commission (“SEC”).
Forward-looking statements reflect information as of the date on which they are made. CN assumes no obligation to update or revise forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs, unless required by applicable securities laws. In the event CN does update any forward-looking statement, no inference should be made that CN will make additional updates with respect to that statement, related matters, or any other forward-looking statement.
No Offer or Solicitation
This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. 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.
Additional Information and Where to Find It
In connection with the proposed transaction, CN will file with the SEC a registration statement on Form F-4 to register the shares to be issued in connection with the proposed transaction. The registration statement will include a preliminary proxy statement of KCS which, when finalized, will be sent to the stockholders of KCS seeking their approval of the merger-related proposals. This news release is not a substitute for the proxy statement or registration statement or other document CN and/or KCS may file with the SEC or applicable securities regulators in Canada in connection with the proposed transaction.
INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE PROXY STATEMENT(S), REGISTRATION STATEMENT(S), TENDER OFFER STATEMENT, PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC OR APPLICABLE SECURITIES REGULATORS IN CANADA CAREFULLY IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT CN, KCS AND THE PROPOSED TRANSACTIONS. Any definitive proxy statement(s), registration statement or prospectus(es) and other documents filed by CN and KCS (if and when available) will be mailed to stockholders of CN and/or KCS, as applicable. Investors and security holders will be able to obtain copies of these documents (if and when available) and other documents filed with the SEC and applicable securities regulators in Canada by CN free of charge through at www.sec.gov and www.sedar.com. Copies of the documents filed by CN (if and when available) will also be made available free of charge by accessing CN’s website at . Copies of the documents filed by KCS (if and when available) will also be made available free of charge at www.investors.kcsouthern.com, upon written request delivered to KCS at 427 West 12th Street, Kansas City, Missouri 64105, Attention: Corporate Secretary, or by calling KCS’s Corporate Secretary’s Office by telephone at 1-888-800-3690 or by email at This email address is being protected from spambots. You need JavaScript enabled to view it..
Participants
This news release is neither a solicitation of a proxy nor a substitute for any proxy statement or other filings that may be made with the SEC and applicable securities regulators in Canada. Nonetheless, CN, KCS, and certain of their directors and executive officers and other members of management and employees may be deemed to be participants in the solicitation of proxies in respect of the proposed transactions. Information about CN’s executive officers and directors is available in its 2021 Management Information Circular, dated March 9, 2021, as well as its 2020 Annual Report on Form 40-F filed with the SEC on February 1, 2021, in each case available on its website at www.CN.ca/investors and at www.sec.gov and www.sedar.com. Information about KCS’ directors and executive officers may be found on its website at www.kcsouthern.com and in its 2020 Annual Report on Form 10-K filed with the SEC on January 29, 2021, available at www.investors.kcsouthern.com and www.sec.gov. Additional information regarding the interests of such potential participants will be included in one or more registration statements, proxy statements, tender offer statements or other documents filed with the SEC and applicable securities regulators in Canada if and when they become available. These documents (if and when available) may be obtained free of charge from the SEC’s website at www.sec.gov and from www.sedar.com, as applicable.
Media: CN
Canada
Mathieu Gaudreault
CN Media Relations & Public Affairs
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Longview Communications & Public Affairs
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United States
Brunswick Group
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Media: KCS
C. Doniele Carlson
KCS Corporate Communications & Community Affairs
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Joele Frank, Wilkinson Brimmer Katcher
Tim Lynch / Ed Trissel
(212) 355-4449
Investment Community: CN
Paul Butcher
Vice-President
Investor Relations
(514) 399-0052
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Investment Community: KCS
Ashley Thorne
Vice President
Investor Relations
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MacKenzie Partners, Inc.
Dan Burch / Laurie Connell
(212) 929-5748 / (212) 378-7071
Demonstrates strong progress in completeness of vision, offers robust end-to-end solutions
IRVINE, Calif.--(BUSINESS WIRE)--#3pl--Ingram Micro Commerce & Lifecycle Services today announced that it has been named a Visionary Third-Party Logistics provider in Gartner’s recent industry report: 2021 Magic Quadrant for Third-Party Logistics, North America. The highly regarded biannual report evaluates third-party logistics providers conducting significant business in the U.S., Canada and Mexico.
2021 marks Ingram Micro Commerce & Lifecycle Services’ third appearance in the Gartner Magic Quadrant for 3PLs report. Through each new analysis, the company has demonstrated more advanced and thorough logistics solutions to support customers’ needs through all stages of their product lifecycles. The most recent report highlights Ingram Micro’s strengths in the following areas:
“We are proud to be recognized as a Visionary supply chain and logistics leader in Gartner’s 2021 Third-Party Logistics report,” said Glen Sutton, senior vice president, Ingram Micro Commerce & Lifecycle Services. “Our service offerings are more robust than ever, which is validated by the diversity of new customers we’re working with and the growth and expansion of our existing relationships. Furthermore, over the past year, our global warehouse network and operations teams delivered amazing results, handling the unprecedented demand for e-commerce and the challenges of the global pandemic with admirable agility, adherence to safety precautions, and a resolute commitment to success.”
Gartner states: “Visionaries display process, technological or business model innovation, and are influencing […] the direction of the logistics industry,” adding that customers seek such providers for their “less-regimented and potentially innovative approach to logistics.”
The 2021 Gartner Magic Quadrant for Third-Party Logistics, North America, assessed 19 elite 3PL providers in writing its report. Gartner noted that this year, the global pandemic shed clear light on the value of strategic partnerships between shippers and 3PLs. It also emphasized the importance of continuous improvement, innovative and technology-driven solutions, and supply chain visibility.
About Ingram Micro Commerce & Lifecycle Services
Ingram Micro Commerce & Lifecycle Services provides global supply chain solutions that connect supply and demand. From cross-border fulfillment to dropship and returns management, IT asset disposition, re-marketing, distribution and more, our solutions drive growth across the commerce and technology markets.
We proudly serve customers ranging from fast-growing brands to Global 2000 enterprises and are dedicated to facilitating their success through our global warehousing network, world-class technology, strategic partnerships, and decades of experience. Learn more at www.ingrammicroservices.com.
Lauren Jow
Global Brand Manager
Ingram Micro Commerce & Lifecycle Services
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Draft stipulation agreement reflects interests of PNM, AVANGRID and 13 other signatories to bring over $270 million in benefits to New Mexico;
New Mexico regulatory approval is last remaining approval required for merger
ORANGE, Conn.--(BUSINESS WIRE)--On Friday, May 28, the Hearing Examiner for the New Mexico Public Regulation Commission (NMPRC) set the remaining procedural schedule for the amended stipulation in the merger application between the parent company of the Public Service Company of New Mexico (PNM), PNM Resources, Inc. (NYSE: PNM) and AVANGRID, Inc. (NYSE: AGR). This schedule comes after AVANGRID submitted materials that addressed the Hearing Examiner’s questions about its Northeastern regional utility subsidiaries regarding service quality standards, including details on routine management audit reviews that are typical for investor-owned utilities in those jurisdictions. The filing demonstrated that AVANGRID utilities’ storm preparedness and response compared favorably to other utilities in the region.
“We are very pleased with the hearing examiner’s decision to allow the stipulated agreement to be heard,” said Dennis V. Arriola, CEO of AVANGRID. “The support of so many entities from New Mexico as well as individuals is encouraging. We continue to listen to stakeholders and we hope additional parties will sign on to the stipulation in support of the merger.”
The procedural schedule sets August 11 – 20, 2021 as the dates for evidentiary hearings on the stipulated agreement among PNM, AVANGRID and 13 other parties representing diverse interests which will bring many benefits to the state, including over $270 million in benefits to New Mexico.
Parties supporting the amended stipulated agreement include: the Attorney General of the State of New Mexico, Western Resource Advocates, the International Brotherhood of Electrical Workers Local 611, Dine Citizens Against Ruining Our Environment, Nava Education Project, San Juan Citizens Alliance, To Nizhoni Ani, the Coalition for Clean Affordable Energy, Interwest Energy Alliance, Walmart, Inc., Onward Energy Holdings, LLC, M-S-R Power and Los Alamos County.
The customer benefits in the stipulation include:
The stipulation includes additional economic development for New Mexico:
To date, AVANGRID has received six governmental approvals for the merger. Five federal agencies and the Public Utility Commission of Texas have already completed their reviews and approved the proposed merger, leaving the NMPRC as the only remaining approval necessary for the merger. The original application before the NMPRC was filed in November 2020.
About AVANGRID: AVANGRID, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $38 billion in assets and operations in 24 U.S. states, AVANGRID has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Avangrid Renewables owns and operates a portfolio of renewable energy generation facilities across the United States. AVANGRID employs approximately 7,000 people and has been recognized by Forbes and Just Capital as one of the 2021 JUST 100 companies – a list of America’s best corporate citizens – and was ranked number one within the utility sector for its commitment to the environment and the communities it serves. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2021 for the third consecutive year by the Ethisphere Institute. For more information, visit www.avangrid.com.
Forward-Looking Statements
Certain statements made in this press release for AVANGRID that relate to future events or expectations, developments, projections, estimates, intentions, goals, targets, and strategies are made pursuant to the Private Securities Litigation Reform Act of 1995. All statements contained in this Press Release that do not relate to matters of historical fact should be considered forward-looking statements, and are generally identified by words such as “may,” “will,” “would,” “can,” “expect(s),” “intend(s),” “anticipate(s),” “estimate(s),” “believe(s),” “future,” “could,” “should,” “plan(s),” “aim(s),” “assume(s)”, “project(s)”, “target(s)”), “forecast(s)”, “seek(s)” and or the negative of such terms or other variations on such terms, comparable terminology or similar expressions. These forward-looking statements generally include statements regarding the potential transaction
between AVANGRID and PNM Resources, including any statements regarding the expected timetable for completing the potential merger, the ability to complete the potential merger, the expected benefits of the potential merger, projected financial information, future opportunities, and any other statements regarding AVANGRID’s and PNM Resources’ future expectations, beliefs, plans, objectives, results of operations, financial condition and cash flows, or future events or performance. Readers are cautioned that all forward-looking statements are based upon current reasonable beliefs, expectations and assumptions. AVANGRID assumes any obligation to update this information. Because actual results may differ materially from those expressed or implied by these forward-looking statements, AVANGRID cautions readers not to place undue reliance on these statements.
AVANGRID’s business, financial condition, cash flow, and operating results are influenced by many factors, which are often beyond its control, that can cause actual results to differ from those expressed or implied by the forward-looking statements. For a discussion of risk factors and other important factors affecting forward-looking statements, please see AVANGRID’s Form 10-K and Form 10-Q filings and the information filed on Avangrid’s Forms 8-K with the Securities and Exchange Commission (the “SEC”) as well as its subsequent SEC filings, and the risks and uncertainties related to the proposed merger with PNM Resources, including, but not limited to: the expected timing and likelihood of completion of the pending merger, including the timing, receipt and terms and conditions of any required governmental and regulatory approvals of the pending merger that could reduce anticipated benefits or cause the parties to abandon the transaction, the failure by AVANGRID to obtain the necessary financing arrangement set forth in commitment letter received in connection with the Merger, the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement, the risk that the parties may not be able to satisfy the conditions to the proposed Merger in a timely manner or at all, risks related to disruption of management time from ongoing business operations due to the proposed Merger, and the risk that the proposed transaction and its announcement could have an adverse effect on the ability of PNM Resources to retain and hire key personnel and maintain relationships with its customers and suppliers, and on its operating results and businesses generally. Other unpredictable or unknown factors not discussed in this communication could also have material adverse effects on forward looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof.
Media:
Joanie Griffin 505-261-4444
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Athena Hernandez, 203-231-2146 or
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Investors:
Patricia Cosgel, 203-499-2624 or
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Barriers to broader adoption include geographic restrictions, improved Li-ion battery technology, and higher upfront costs in the pricing of new projects
BOULDER, Colo.--(BUSINESS WIRE)--#electricity--A new report from Guidehouse Insights explores drivers for long duration energy storage and the technologies being implemented to provide long duration storage services.
Stationary energy storage is projected to play a major role in future decarbonized electricity grids around the world. Government policies, utility procurement targets, and regulatory bodies have begun to forecast greater levels of utility-scale energy storage (UES) deployments, with project sizes of larger power capacity also being planned around the world. According to a new report from Guidehouse Insights, North America, Western Europe, and Asia Pacific are expected to account for approximately 89% of the new long duration energy storage capacity installed worldwide through 2030.
“There is little agreement on which attributes of energy storage will be required and valued over time, specifically the energy capacity or duration of energy storage that could be cost-effective for certain electricity grid services and applications,” says Ricardo Rodriguez, research analyst with Guidehouse Insights. “Nevertheless, as plans to deploy substantial amounts of new renewable energy generation mount, future electricity grids will likely require different types of energy storage than those currently being deployed, particularly for long duration challenges and seasonal capacity challenges.”
Despite the numerous advantages of long duration energy storage technologies, actual deployments have been limited so far. Barriers to broader adoption include geographic restrictions, lack of trust in new technologies, low round-trip efficiencies, improved Li-ion battery technology, and higher upfront project costs.
The report, Market Data: Utility-Scale Long Duration Energy Storage, examines the long duration energy storage market in seven major geographic regions, presenting a 10-year forecast and market sizing from 2021 through 2030. The report provides forecasts for the long duration storage market segmented by technology, application, and discharge duration. Applications included in the forecasts consist of capacity and reserves, transmission and distribution (T&D) asset optimization, solar energy shifting, and wind energy shifting. All forecasts are also segmented by duration for each region, technology, and application. An executive summary of the report is available for free download on the Guidehouse Insights website.
About Guidehouse Insights
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today’s rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.
About Guidehouse
Guidehouse is a leading global provider of consulting services to the public and commercial markets with broad capabilities in management, technology, and risk consulting. We help clients address their toughest challenges and navigate significant regulatory pressures with a focus on transformational change, business resiliency, and technology-driven innovation. Across a range of advisory, consulting, outsourcing, and digital services, we create scalable, innovative solutions that prepare our clients for future growth and success. The company has more than 8,000 professionals in over 50 locations globally. Guidehouse is a Veritas Capital portfolio company, led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets, and agenda-setting issues driving national and global economies. For more information, please visit: www.guidehouse.com.
* The information contained in this press release concerning the report, Market Data: Utility-Scale Long Duration Energy Storage, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.
Lindsay Funicello-Paul
+1.781.270.8456
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New Semi-Conductive Polymer Nanocomposite Provides Higher Power Retention at Increased Temperatures
LONDON--(BUSINESS WIRE)--nVent Electric plc (NYSE:NVT) (“nVent”), a global leader in electrical connection and protection solutions, today launched its newest nVent RAYCHEM self-regulating heating cable, the nVent RAYCHEM HTV. The new heating cable will be used in critical industrial applications with high exposure or maintenance temperatures. Offering superior levels of high power retention (HPR) during a design life of more than three decades, the brand new self-regulating heating cable, nVent RAYCHEM HTV, meets stringent demands for maximum process integrity while protecting people, processes and infrastructure.
Increased performance, extended design life
nVent RAYCHEM HTV surpasses previous self-regulating heating cables in performance and design life. Specifically designed for high temperature environments, the cable can operate under high continuous operating temperatures of 205°C/400°F and withstand temperatures up to 260°C/500°F. Its power retention levels are unparalleled: after 10 years of performance at 205°C/400°F, the HTV cable retains 95 percent of its power output. This not only reduces downtime risk and maintenance costs for decades, it also increases plant safety and productivity.
“We understand how important day-to-day operational integrity is,” said Marty Lee, nVent vice president of product management. “While long-term design life is important, the power retention profile over time is equally important. With 95 percent power retention for 10 years and a more than 30-year design life, our customers can be confident of improved process integrity and lower contingencies for decades to come. In an increasingly electrified world, the HTV heating cable will save our customers money and increase their overall operational efficiencies.”
New materials and groundbreaking research and development
To create such a high-performance heating cable, nVent turned to new materials, as well as new developments in nanotechnology and thermal structuring of the materials.
“The nVent RAYCHEM name has long been synonymous with innovative science; true R&D. nVent still operates that way today,” said Linda Kiss, nVent vice president of engineering. “We have almost 75 years of expertise in polymer materials science and have gained new knowledge about how best to construct the highest temperature composites. We created a ground-breaking, new semi-conductive polymer nanocomposite material with increased thermal stability, which provides superior power retention at high temperatures.”
nVent RAYCHEM heat tracing cables are already well known for their exceptional freeze protection capabilities and the maintenance of critical process temperatures, in many industrial facilities around the world. From critical chemicals to power plants, from oil & gas to pharmaceutical and renewable industries, nVent RAYCHEM products and solutions are associated with reliability, high-caliber performance and long operational life. The new nVent RAYCHEM HTV self-regulating heating cable will build upon this reputation by offering industrial plant owners the opportunity to advance their process integrity and operational efficiency for decades to come.
The nVent RAYCHEM HTV heating cable is internationally certified for use in hazardous areas, comes with a 10-year product warranty and is now globally available.
About nVent
nVent is a leading global provider of electrical connection and protection solutions. We believe our inventive electrical solutions enable safer systems and ensure a more secure world. We design, manufacture, market, install and service high performance products and solutions that connect and protect some of the world's most sensitive equipment, buildings and critical processes. We offer a comprehensive range of enclosures, electrical connections and fastening and thermal management solutions across industry-leading brands that are recognized globally for quality, reliability and innovation. Our principal office is in London and our management office in the United States is in Minneapolis. Our robust portfolio of leading electrical product brands dates back more than 100 years and includes nVent CADDY, ERICO, HOFFMAN, RAYCHEM, SCHROFF and TRACER.
nVent, CADDY, ERICO, HOFFMAN, RAYCHEM, SCHROFF and TRACER are trademarks owned or licensed by nVent Services GmbH or its affiliates.
Koen Verleyen
EMEAI Marketing Manager
nVent
+32(0)478904219
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Eugene Ho
NAM Marketing Manager
nVent
+1-650-474-7508
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Kang Wang
APAC Marketing Manager
nVent
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DHAHRAN, Saudi Arabia--(BUSINESS WIRE)--Baker Hughes (NYSE:BKR) announced it has deployed its industry-leading remote operations digital technology across Aramco’s drilling operations, encompassing 200+ sites, the largest deployment of its kind in Baker Hughes’ history.
Building upon Aramco’s existing industry-leading data management infrastructure and capabilities, this project provides the company with a single solution that covers data aggregation from the edge; real-time, unified data streaming and visualization; data management; software development services; rig-site digital engineers; and monitoring personnel. The project supports Aramco’s ongoing efforts to further drive digital opportunities and initiatives and to enhance operating performance and reduce emissions.
Baker Hughes’ technology, delivered through the WellLink solution, includes the following benefits that build on Aramco’s current digital capabilities:
By connecting all drilling sites with an integrated solution, Aramco enhances its view of its drilling operations in real time. Following the contract award to Baker Hughes in 2020, the combined teams worked in close collaboration and deployed the technology 50% faster than originally planned, despite working under pandemic conditions. Baker Hughes teams conducted more than 400 onshore and offshore trips across 350,000 kilometers (217,480 miles) to install rig-site edge devices and integrate data streaming, monitoring and visualization capabilities into Aramco’s existing digital infrastructure.
To support the needs of 2,000+ end users and 24/7 drilling operations, Baker Hughes and Aramco established a dedicated center staffed by a multi-disciplinary team of software engineers, data professionals and field service technicians. As part of Baker Hughes’ localization strategy, the team is staffed with 90% Saudi nationals who are being cross-trained on essential digital competencies in data operations.
“This remote operations deployment, the largest in Baker Hughes’ history, is a strong example of how we are investing for growth with customers who are driving digital transformation at a rapid pace, such as Aramco,” said Maria Claudia Borras, executive vice president of Oilfield Services at Baker Hughes. “We will continue to expand our upstream digital capabilities to transform core operations, improve efficiency and reduce emissions. I am proud of the Baker Hughes team’s resilience in safely executing this complex project amid the challenges of the pandemic.”
The Aramco deployment builds on Baker Hughes’ remote operations capabilities, spanning remote drilling, logging, and production monitoring, to remote monitoring and diagnostic services for turbomachinery and large-scale industrial and renewable energy applications. Baker Hughes currently executes 87% of global drilling services jobs remotely, leading to consistently better outcomes for customers.
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.
Madonna Mekhail
+971 (4) 8211708
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Seasoned business leader brings operational and DEI expertise to fuel next phase of corporate growth
HOUSTON--(BUSINESS WIRE)--PROS Holdings, Inc. (NYSE: PRO), a provider of AI-powered solutions that optimize selling in the digital economy, today announced the appointment of Leland T. “Lee” Jourdan to its board of directors effective June 1, 2021. Jourdan joins the board as an independent director.
Jourdan is a seasoned business development and diversity, equity and inclusion (DEI) leader within the Oil & Gas industry. Recently retired from Chevron (NYSE: CVX), he spent the past 18 years in senior management roles including Chief Diversity and Inclusion Officer, Senior Management Sponsor, and Vice President, Commercial and Business Development for each of the IndoAsia and Asia South regions. Prior to Chevron, Jourdan served in management, business development, trading and engineering roles at El Paso Energy (NYSE: EP), PG&E (NYSE: PCG) and Dominion Energy (NYSE: D).
Jourdan serves the Houston community on the board of SEARCH Homeless Services. His leadership and accomplishments in the DEI space have been recognized widely, with Business Insider naming Jourdan as one of 100 People Transforming Business in 2020. Jourdan is a graduate of the US Military Academy at West Point. He was commissioned as an officer in the US Army, obtaining the rank of Captain prior to entering the private sector.
“Lee is an exceptional leader who brings substantial international commercial and business development experience and DEI expertise to the board,” said PROS Non-Executive Chairman of the Board Bill Russell. “As PROS continues to grow our global business while demonstrating our corporate values, his experience and knowledge will be a great resource for us. I look forward to working with him to create even greater long-term value for our shareholders.”
“Lee is a great addition to the PROS team and I am excited to welcome him to the PROS board,” said PROS President and CEO Andres Reiner. “I look forward to tapping into his perspective on a host of opportunities as we continue to scale our business, including our DEI initiatives, sales, marketing and operations.”
“I am truly honored to join the PROS Board of Directors and be part of a rich, diverse team seeking to grow both its customer base and people in this next normal,” said Jourdan. “The last 12-18 months has fundamentally impacted so many aspects of business – including how they further adopt digital selling motions to best engage customers,” said Jourdan. “I look forward to sharing my experience and expertise with the team to help capitalize on this tremendous market opportunity at hand.”
About PROS
PROS Holdings, Inc. (NYSE: PRO) provides AI-powered solutions that optimize selling in the digital economy. PROS solutions make it possible for companies to price, configure and sell their products and services in an omnichannel environment with speed, precision and consistency. Our customers, who are leaders in their markets, benefit from decades of data science expertise infused into our industry solutions.
Forward-looking Statements
This press release contains forward-looking statements, including statements about PROS market opportunity, PROS growth and scalability, the functionality and benefits of AI-powered solutions to organizations generally as well as the functionality and benefits of PROS software products. The forward-looking statements contained in this press release are based upon PROS historical experience and current expectations. Factors that could cause actual results to differ materially from those described herein include, among others, the risks related to the impact of the COVID-19 pandemic, such as the scope and duration of the outbreak and timeframe for economic recovery, the addressability of an organization’s AI-powered solution needs, the risks associated with PROS developing and enhancing products with the functionality necessary to deliver the stated results and the risks associated with the complex implementation and maintenance of AI-powered solutions such as PROS software products. Additional information relating to the uncertainty affecting PROS business is contained in PROS filings with the Securities and Exchange Commission. These forward-looking statements represent PROS expectations as of the date of this press release. Subsequent events may cause these expectations to change, and PROS disclaims any obligations to update or alter these forward-looking statements in the future whether as a result of new information, future events or otherwise.
Amanda Parrish
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832-924-4731
DUBLIN--(BUSINESS WIRE)--The "Ship Repairing Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the global ship repairing market as it emerges from the COVID-19 shut down.
The global ship repairing market is expected to grow from $30.16 billion in 2020 to $32.29 billion in 2021 at a compound annual growth rate (CAGR) of 7.1%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $39.04 billion in 2025 at a CAGR of 4.9%.
Companies Mentioned
Reasons to Purchase
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider ship repairing market, and compares it with other markets.
The ship repairing market consists of revenue generated by sales of ship repairing services by entities (organizations, sole traders and partnerships) that operate shipyards. Only goods and services traded between entities or sold to end consumers are included.
The ship repairing market covered in this report is segmented by vessel type into oil and chemical tankers; bulk carriers; general cargo; container ships; gas carriers; offshore vessels; passenger ships and ferries; mega yachts and other vessels, and by application into general services; dockage; hull part; engine parts; electric works; auxiliary services.
The increasing seaborne trade is anticipated to drive the growth of the ship repairing market. Seaborne transport, which plays a key role in the development of a country, involves ports, inland water systems, ship repair, shipping and ship building. According to the United Nations Conference on Trade and Development (UNCTAD), international seaborne trade volume increased from 10.7 billion tons in 2017 to 11.0 billion tons in 2018 and is projected to expand at an average annual growth rate of 3.5% during 2019-2024. According to the Indian Ministry of Shipping, approximately 70% of India's value trading and 95% of India's volume is handled by seaborne transport. Upswing activities in sea-borne trade activities increase the need for regular maintenance and repairs. This scenario is expected to augment the demand for the ship repairing market.
For more information about this report visit https://www.researchandmarkets.com/r/qtamp2
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Mantis Innovation is reaffirming its commitment to clients and meeting market demand through its updated branding and new website, which illustrates its message to deliver managed facility services and sustainability solutions
HOUSTON--(BUSINESS WIRE)--#efficiency--Mantis Innovation, provider of smart, sustainable solutions to improve facility performance, today announced the next stage of growth for the Mantis brand. This evolution includes the unveiling of its new corporate website at mantisinnovation.com which will help to convey the breadth and depth of facility performance solutions available to future and current clients alike. This initiative reflects Mantis’ stance as an industry leader and affirms Mantis’ commitment to meeting the needs of today’s businesses as they seek managed services for improved facility performance.
Evolving the brand to encompass how today’s businesses face choices about becoming more sustainable, Mantis is emphasizing why facility performance must be addressed with a strategic approach. The new website helps clients identify effective solutions for better managing their facility operations and spend, from energy procurement, lighting, and HVAC to roofs, walls, and pavement. Mantis is proud to be able to address up to 70% of a facility’s annual spend through its solutions, resulting in 20-30% lowered costs on average.
The updated logo, mission statement, and color schematic reflect the undercurrent of technology offerings and sustainability focus of the collective Mantis solutions. Mantis has continued to acquire multiple companies and expand its offerings to include solutions in energy procurement, facility management, and energy efficiency. Mantis has improved over two billion square feet of facility space to date.
“The brand updates and new website illustrate the impact of our offerings and our momentum at Mantis Innovation,” said Dan Marzuola, CEO of Mantis Innovation. “Our vision is to be North America’s leader in delivering smart, sustainable solutions that empower a better world. This vision continues to evolve with the unification and unveiling of the Mantis Innovation brand to better position our solutions in response to how clients are looking for operational support and improvements.”
"We’re excited about the expansion of our solutions offerings,” said Rad Brannan, Chief Strategy & Technology Officer of Mantis Innovation. "Our new tagline, ‘Ingenuity Unleashed. Results Delivered.’ emphasizes our unique and ingenious approach to solving challenges faced by building owners/operators today. Mantis Innovation remains a premier provider of the facility solutions its divisions are known for, made all the better through this move to unify the experience for our clients."
About Mantis Innovation
Mantis Innovation is the premier provider of smart solutions that deliver better building performance through managed facility services and turnkey program management. Mantis leverages expertise from a vast array of professional disciplines in engineering, comprehensive data collection and analysis, technology-enabled solutions, and a network of trusted partners. The Mantis Innovation managed solutions include energy procurement, demand management, solar, roofing, building envelope, pavement, LED lighting, HVAC/mechanical, building automation systems, and data center optimization. Mantis is headquartered in Houston, Texas, with 17 locations across the United States from Massachusetts to Washington.
Learn more at https://mantisinnovation.com/.
Press
Mantis Innovation
Caroline Haley
Marketing Director
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(978) 394-8670
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