Calgary and Dubai-based greenhouse gas (GHG) reduction project developer will work with the Rural Electrification Agency to finance and develop solar mini-grid projects in underserved communities in Nigeria.

CALGARY, Alberta & ABUJA, Nigeria--(BUSINESS WIRE)--CarbonAi Inc. (CarbonAi) is proud to announce that it has signed a memorandum of understanding (MOU) with the Rural Electrification Agency (REA) of Nigeria to identify and develop small-scale solar energy projects in that country. The projects will be funded by proceeds from carbon credits that are generated through CarbonAi-financed and developed flare gas capture projects in Nigeria.

Under the MOU, the parties will explore opportunities to finance and develop solar energy projects in unserved or underserved communities near CarbonAi’s flare gas capture projects in Nigeria. The REA will apply its knowledge of Nigeria’s rural electrification requirements and programs to identify appropriate project opportunities and liaise with local communities.

CarbonAi, in turn, will apply its carbon finance and project development expertise to finance, design and construct the projects. The company will also quantify, verify and monetize greenhouse gas (GHG) emissions reductions using its proprietary data management platform.

The REA is an implementation agency of the Federal Government of Nigeria under the Ministry of Power. It is primarily tasked with promoting and increasing access to electricity in unserved and underserved rural communities across Nigeria.

CarbonAi is a world-leading developer of fully integrated GHG reduction projects and GHG emissions quantification and monetization solutions. Based in Calgary and Dubai, the company provides full-cycle flare gas capture services in Africa and the Middle East, from project finance, design and construction to carbon credit quantification, verification and sale. For each project that CarbonAi develops, it invests a portion of carbon credit revenues to help local organizations develop sustainability initiatives through the CarbonAi Climate Dividend Programme.

"We are excited to work with the REA as our CarbonAi Climate Dividend Programme partner in Nigeria,” stated CarbonAi’s Chief Carbon Officer, Yvan Champagne. ”We are strong believers in win-win outcomes, and we believe our Climate Dividend Programme captures the spirit of the energy transition by leveraging immediate reductions in today’s energy system to build the energy system of tomorrow in Nigeria.”

Flaring of gas is a common practice in oil and gas activities worldwide; however, it generates high levels of GHGs and harmful local pollutants, often creating serious local air and water quality issues. Nigeria has the third highest number of gas flares globally, but the country has pledged to eliminate the practice by 2025. Many communities in Nigeria’s high-flaring regions do not currently have access to reliable electricity. The parties believe this MOU will be an important step in providing reliable renewable energy to local communities that are currently unserved and underserved, while improving local air quality associated with gas flaring.

Managing Director/CEO of the REA, Engr. Ahmad Salihijo Ahmad added that “REA’s collaboration with CarbonAi is timely and solution-driven. The off-grid space in Nigeria is undergoing commendable growth. With the resultant opportunities, key stakeholders must take the responsibility to leverage these opportunities to accelerate sustainable impact, nationwide. This is another strategic and innovative way to finance climate-resilient infrastructure in Nigeria while alleviating energy poverty.”

About the Rural Electrification Agency (REA)

The Rural Electrification Agency (REA) is the Implementing Agency of the Federal Government of Nigeria (FGN), under the Federal Ministry of Power, tasked with the electrification of unserved and underserved communities with the aim to catalyse economic growth and improve quality of life for Nigerians. The REA is currently administering the Rural Electrification Fund (REF) and implementing the Nigeria Electrification Project (NEP) and several initiatives in furtherance of its mandate.

To give effect to some of its initiatives, REA has obtained financing amounting to $550 million ($350 million from the World Bank and $200 million from the African Development Bank) for financing the Nigeria Electrification Project, and an additional $11 million for financing the Rural Electrification Fund for the deployment of Solar hybrid mini grids and solar home systems. These funds will ensure that millions of Nigerians have access to clean, safe, reliable, and affordable electricity.

For more information, please visit https://rea.gov.ng

About CarbonAi

CarbonAi is a world-leading developer of fully integrated greenhouse gas (GHG) reduction projects and GHG emissions quantification and monetization data solutions. Based in Calgary, Canada and Dubai, The Company provides full-cycle GHG reduction services, from project finance, construction and operation to carbon credit quantification, verification and sale. It also offers a cloud-based data platform to integrate and manage GHG emissions data from numerous, diverse and dispersed data sources, allowing for real-time emissions monitoring and forecasting, as well as streamlined verification and crediting.

For more, visit www.CarbonAi.ca

Media Contact Info:
REA
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CarbonAi Inc.
Stephen Entwisle
Director, Communications
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+1 403-560-1944

HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) (“Valaris” or the “Company”) announced today that drillship VALARIS DS-12 has been awarded a four-well contract with BP offshore Egypt. The contract is expected to commence late in the third quarter or early in the fourth quarter 2023 and has an estimated duration of 320 days. The estimated total contract value, inclusive of a mobilization fee, is $136.4 million.

President and Chief Executive Officer Anton Dibowitz said, “We are honored that BP has chosen VALARIS DS-12 for their upcoming development campaign offshore Egypt. The rig has a long and successful track record with the customer, having worked for BP in several locations offshore Africa, including Egypt, over the past three and a half years. We look forward to partnering with BP on another successful campaign.”

Mr. Dibowitz added, “We retain significant operating leverage to the improving deepwater market through our fleet of 11 drillships, including three uncontracted high-specification rigs VALARIS DS-7, DS-8 and DS-11, plus attractively priced purchase options for newbuild rigs VALARIS DS-13 and DS-14.”

About Valaris Limited

Valaris Limited (NYSE: VAL) is the industry leader in offshore drilling services across all water depths and geographies. Operating a high-quality rig fleet of ultra-deepwater drillships, versatile semisubmersibles and modern shallow-water jackups, Valaris has experience operating in nearly every major offshore basin. Valaris maintains an unwavering commitment to safety, operational excellence, and customer satisfaction, with a focus on technology and innovation. Valaris Limited is a Bermuda exempted company (Bermuda No. 56245). To learn more, visit our website at www.valaris.com.

Cautionary Statements

Statements contained in this press release that are not historical facts are 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. Forward-looking statements include words or phrases such as "anticipate," "believe," "estimate," "expect," "intend," “likely,” "plan," "project," "could," "may," "might," “should,” “will” and similar words. The forward-looking statements contained in this press release are subject to numerous risks, uncertainties and assumptions that may cause actual results to vary materially from those indicated, including the cancellation, suspension, renegotiation or termination of drilling contracts and programs, including drilling contracts which grant the customer termination rights if final investment decision (FID) is not received with respect to projects for which the drilling rig is contracted; oil and natural gas price volatility, customer demand for drilling rigs; downtime and other risks associated with offshore rig operations; severe weather or hurricanes; changes in worldwide rig supply, competition and technology; risks inherent to shipyard rig reactivation, upgrade, repair or maintenance; our ability to enter into, and the terms of, future drilling contracts; suitability of rigs for future contracts; governmental regulatory, legislative and permitting requirements affecting drilling operations; our ability to obtain financing, fund capital expenditures and pursue other business opportunities; the effects of our emergence from bankruptcy on the Company's business, relationships, comparability of our financial results and ability to access financing sources; actions taken by regulatory authorities or other third parties; the COVID-19 global pandemic and the related public health measures implemented by governments worldwide; increased scrutiny of Environmental, Social and Governance (“ESG”) practices and reporting responsibilities; changes in customer strategy; future levels of offshore drilling activity; governmental action, civil unrest and political and economic uncertainties; terrorism, piracy and military action; environmental or other liabilities, risks or losses; debt agreement restrictions that may limit our liquidity and flexibility; failure to satisfy our debt obligations; and cybersecurity risks and threats. In addition to the numerous factors described above, you should also carefully read and consider “Item 1A. Risk Factors” in Part I and “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Part II of our most recent annual report on Form 10-K, which is available on the Securities and Exchange Commission’s website at www.sec.gov or on the Investor Relations section of our website at www.valaris.com. Each forward-looking statement speaks only as of the date of the particular statement and we undertake no obligation to update or revise any forward-looking statements, except as required by law.

Investor & Media Contacts:

Darin Gibbins
Vice President - Investor Relations and Treasurer
+1-713-979-4623

Tim Richardson
Director - Investor Relations
+1-713-979-4619

Press Event to Unveil Production iChassis on January 4, 2023

Booth Meetings with Management Available for Institutional Investors, Sell-Side and Industry Analysts

FREEHOLD, N.J.--(BUSINESS WIRE)--Cenntro Electric Group Limited (NASDAQ: CENN), a leading EV technology company with advanced, market-validated electric commercial vehicles, today announced that it will showcase its vehicles at the upcoming 2023 Consumer Electronics Show (CES®), one of world’s largest technology trade shows taking place January 5-8, 2023 in Las Vegas. In conjunction with CES, the Company will also hold a press event on January 4^th to unveil its production version of the iChassis and hold investor meetings at its booth to provide an overview of Cenntro and discuss the future of Mobility.

“CES is the world’s leading event for showcasing the future of sustainable transportation and technology, and we are looking forward to presenting our fleet and iChassis to attendees,” said Peter Wang, Chairman and CEO of Cenntro. “Cenntro is dedicated to delivering Electric Vehicle solutions that municipalities and corporate fleets, both large and small, can utilize to reduce emissions without sacrificing performance. Our purpose-built ECVs are designed to support urban logistics and services, last-mile delivery and other commercial applications purpose-built for the demands of the city.

“Technology has become an integral differentiator in EV vehicles and transportation, and CES® is the most influential tech tradeshow worldwide to unveil Cenntro’s iChassis. The iChassis opens the promise of automated and autonomous driving to new applications and businesses today, moving beyond the roads and bringing autonomy to everyday commercial functions from warehouses to surveillance to mobile vending and delivery. We believe these functions are the sweet spot for adoption of automated and autonomous vehicles and will drive new innovation for the implementation of autonomy,” concluded Wang.

Cenntro Exhibit at Booth 5840

Cenntro’s exhibit at Booth 5840 in the West Hall will be an almost 10,000 square feet display of its complete All Electric Commercial product line. The exhibit will include the full Logistar line which features the versatile, compact cargo van, the LS100, the multi-purpose LS200 available in van or box truck configurations, the segment defining LS260 van and the Class 4 LS400 purpose-built for last mile delivery and urban services. Cenntro will also showcase its Off-Road Vehicle offerings, the TeeMak, and the Antric One, an auto grade four wheeled e-cargo bike purpose-built for delivery services and general cargo transport.

Press Event for All Electric iChassis

Cenntro's production version, state of the art All Electric iChassis, will make its world premiere at a press conference on Tuesday, January 4, 2023 at 12:00 pm at the Mandalay Bay Hotel, the venue for CES Press Conferences. The open-platform, fully programmable iChassis has been designed for automated and autonomous driving. The iChassis opens innovation to third-parties to develop their own software and design hardware to control and maneuver the vehicle and to develop new applications that are unique to their needs.

Investor Meetings & Mobility Dinner

Cenntro’s executive team will hold meetings with institutional investors, sell-side and industry analysts to learn more about the Company and its products at booth 5840 in the West Hall of the Las Vegas Convention Center January 5-8, 2023.

For more information or to request a booth meeting, please contact: This email address is being protected from spambots. You need JavaScript enabled to view it.

About Cenntro Electric

Cenntro Electric Group Ltd. (or "Cenntro") (NASDAQ: CENN) is a leading designer and manufacturer of electric light and medium-duty commercial vehicles. Cenntro's purpose-built ECVs are designed to serve a variety of organizations in support of city services, last-mile delivery, and other commercial applications. Cenntro has committed to lead the transformation of commercial fleets to zero-emissions vehicles and develop a full line of zero-emission commercial vehicles through scalable, decentralized production, and smart driving solutions empowered by the Cenntro iChassis. For more information, please visit Cenntro's website at: www.cenntroauto.com.

Forward-Looking Statements

This communication contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts. Such statements may be, but need not be, identified by words such as "may,'' "believe,'' "anticipate,'' "could,'' "should,'' "intend,'' "plan,'' "will,'' "aim(s),'' "can,'' "would,'' "expect(s),'' "estimate(s),'' "project(s),'' "forecast(s)'', "positioned,'' "approximately,'' "potential,'' "goal,'' "strategy,'' "outlook'' and similar expressions. Examples of forward-looking statements include, among other things, statements regarding assembly and distribution capabilities, decentralized production, and fully digitalized autonomous driving solutions. All such forward-looking statements are based on management's current beliefs, expectations and assumptions, and are subject to risks, uncertainties and other factors that could cause actual results to differ materially from the results expressed or implied in this communication. For additional risks and uncertainties that could impact Cenntro’s forward-looking statements, please see disclosures contained in Cenntro's public filings with the SEC, including the "Risk Factors" in Cenntro's Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 25, 2022 and which may be viewed at www.sec.gov.

Investor Relations Contact:

Chris Tyson
MZ North America
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949-491-8235

Company Contact:

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Key Milestones Achieved & Highlights:

• Quarterly revenues in line with last year, poised for growth with core expansion projects under construction on schedule and on budget
• Signed term sheet for long-term RNG offtake agreement at Fraser Valley Biogas ("FVB")
• Completed acquisition of GrowTEC and construction of RNG expansion is now 80% complete
• Secured remaining funding for Core RNG expansion projects: signed term sheet for $31 million Senior Term Loan
• Broke ground on FVB RNG Expansion Project

VANCOUVER, British Columbia--(BUSINESS WIRE)--EverGen Infrastructure Corp. (“EverGen” or the “Company”) (TSXV: EVGN) (OTCQX: EVGIF), today reported financial results as at and for the three- and nine-month periods ended September 30, 2022 (“Q3 2022”). All amounts are in Canadian dollars unless otherwise stated and are in accordance with IFRS.

Financial Highlights for Q3 2022

Revenues for Q3 2022 were in line with prior year results, and operating results were impacted by the acquisition of a 67% interest in GrowTEC, additional flood-related operating expenses and the timing of recognition of insurance proceeds.

• Cash and cash equivalents of $12.8 million post capex spend of $3.5 million and $1.5 million of insurance proceeds received.
• Revenues of $2.0 million increased from $1.9 million in Q3 2021, despite lower RNG revenues from flood-related production downtime, which has now been remediated.
• Net income (loss) of ($1.8) million was impacted by flood-related costs, the absence of a contingent consideration gain and an increase in general and administrative costs associated with supporting EverGen’s growth and transformation, partially offset by insurance proceeds recognized.
• Adjusted EBITDA of $0.7 million was in line with prior year results of $0.8 million in Q3 2021 despite a carry-over impact from flood-related costs and increased general and administrative costs associated with future growth.
• Insurance & Completion of Flood Recovery: As at Q3 2022, EverGen estimates operating and capital insurance recoveries outstanding of approximately $0.3 million and $0.6 million, respectively. EverGen expects these amounts to be recovered during Q4 2022.

“It is an exciting time for EverGen with strong momentum in the RNG market and as one of the first movers in Canada in terms of consolidating assets across the country,” said Chase Edgelow, CEO of EverGen. “We are thrilled with the progress at our core RNG expansion projects that once producing, will see us jump from C$3M to C$13M in run rate EBITDA and are fully funded. With our GrowTEC facility commissioning imminently and construction at Fraser Valley Biogas underway we are anticipating a strong start to 2023.”

Company Operational Highlights for Q3 2022

GrowTEC

On July 14, 2022, EverGen completed the acquisition of a 67% interest in Alberta’s Grow the Energy Circle Ltd. (“GrowTEC”), which is currently in the first phase of a core RNG expansion project designed to produce ~80,000 GJ/year of RNG. Construction is 80% complete with commissioning expected prior to the end of the year. The facility will then move into the second phase of the project, which is expected to produce a total of 140,000 GJ/year of RNG.

Financing

On August 10, 2022, EverGen announced that it had signed a term sheet with its existing lender, Roynat Capital (a subsidiary of Scotiabank) and Export Development Canada (“EDC”) for a $31 million syndicated senior term loan (the “Facility”) to support the funding of its near-term Core RNG Expansion Projects at FVB and Net Zero Waste Abbotsford (“NZWA”). The Facility ensures that EverGen’s near-term Core RNG Expansion Projects are fully funded.

Fraser Valley Biogas

On September 29, 2022, FVB signed a term sheet for a long-term offtake RNG agreement for up to 190,000 GJ/year purchased from FVB, comprising existing and incremental RNG volumes expected from the facility post-expansion. This agreement will replace the existing RNG offtake agreement in an environment where current market pricing is significantly stronger. During Q3 2022, EverGen commenced construction at FVB.

Insurance Proceeds

In September 2022, EverGen received an additional $1.5 million of partial insurance proceeds to mitigate the impacts from the floods in late-2021.

OTCQX Listing

On September 14, 2022, EverGen announced that the Company’s common shares began trading on the OTCQX® Best Market in the United States under the symbol “EVGIF”. EverGen upgraded to the OTCQX® Best Market from the OTCQB® Venture Market.

Financial and Operational Summary

The following table presents EverGen’s Consolidated Financial and Operating Summary:

For further information on the results please see the Company’s Consolidated Financial Statements and Management’s Discussion and Analysis filed on SEDAR at www.sedar.com and on EverGen’s website at www.evergeninfra.com.

EverGen will hold a results and corporate update conference call at 10:00 a.m. eastern time on Tuesday, November 22, 2022, hosted by Chief Executive Officer, Chase Edgelow.

Conference call details are as follows:

About EverGen Infrastructure Corp.

EverGen, Canada’s Renewable Natural Gas Infrastructure Platform, is combating climate change and helping communities contribute to a sustainable future. Headquartered on the West Coast of Canada, EverGen is an established independent renewable energy producer which acquires, develops, builds, owns and operates a portfolio of Renewable Natural Gas, waste to energy, and related infrastructure projects. EverGen is focused on Canada, with continued growth expected across other regions in North America and beyond.

For more information about EverGen Infrastructure Corp. and our projects, please visit www.evergeninfra.com.

Non-IFRS Measures

EverGen uses certain financial measures referred to in this press release to quantify its results that are not prescribed by IFRS. The terms EBITDA, adjusted EBITDA and working capital are not recognized measures under IFRS and may not be comparable to that reported by other companies. EverGen believes that, in addition to measures prepared in accordance with IFRS, the non-IFRS measurement provide useful information to evaluate the Company’s performance and ability to generate cash, profitability and meet financial commitments. These non-IFRS measures are intended to provide additional information and should not be considered in isolation or as a substitute for other measures of performance prepared in accordance with IFRS. EBITDA is defined as net income (loss) before interest, tax and depreciation and amortization. Adjusted EBITDA is EBITDA adjusted for share-based payment expenses (recoveries), unusual or non-recurring items and non-controlling interests in adjusted EBITDA. Working capital is calculated as current assets less current liabilities.

Forward-Looking Information

This news release contains forward-looking statements and/or forward-looking information (collectively, “forward looking statements”) within the meaning of applicable securities laws. When used in this release, such words as “would”, “will”, “anticipates”, believes”, “explores”, "expects" and similar expressions, as they relate to EverGen, or its management, are intended to identify such forward-looking statements. Such forward-looking statements reflect the current views of EverGen with respect to future events, and are subject to certain risks, uncertainties and assumptions. Many factors could cause EverGen's actual results, performance or achievements to be materially different from any expected future results, performance or achievement that may be expressed or implied by such forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what benefits EverGen will derive therefrom. These forward-looking statements are subject to numerous risks and uncertainties, including but not limited to: the impact of general economic conditions in Canada, including the current inflationary environment ; industry conditions including changes in laws and regulations and/or adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, in Canada; volatility of prices for energy commodities; change in demand for clean energy to be offered by EverGen; competition; lack of availability of qualified personnel; obtaining required approvals of regulatory authorities, in Canada; ability to access sufficient capital from internal and external sources; optimization and expansion of organic waste processing facilities and RNG feedstock; the realization of cost savings through synergies and efficiencies expected to be realized from the Company’s completed acquisitions; the sufficiency of EverGen’s liquidity to fund operations and to comply with covenants under its credit facility; continued growth through strategic acquisitions and consolidation opportunities; continued growth of the feedstock opportunity from municipal and commercial sources, and the factors discussed under “Risk Factors” in the Company’s Annual Information Form dated January 31, 2022, many of which are beyond the control of EverGen. Forward-looking statements included in this news release should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such forward looking statements. The forward-looking statements contained in this release are made as of the date of this release, and except as may be expressly required by law, EverGen disclaims any intent, obligation or undertaking to publicly release any updates or revisions to any forward-looking statements contained herein whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction.

EverGen Investors
Victoria Rutherford
480-625-5772
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Veteran engineering executive with expertise in the execution of large-scale projects to oversee company’s direct air capture deployments

LOS ANGELES--(BUSINESS WIRE)--#CarbonCapture--CarbonCapture Inc. (CarbonCapture), a U.S. climate tech company that develops direct air capture (DAC) systems based on a groundbreaking modular open systems architecture, today announced the appointment of energy-industry veteran Robert Whyte to the newly created role of Vice President, Projects. Whyte will be responsible for leading the development, implementation, and operation of the company’s DAC projects. His initial focus will be on the rollout of CarbonCapture’s Project Bison, scheduled to break ground in 2023. The Wyoming-based facility is expected to permanently remove five million tons of atmospheric CO₂ by 2030.

“With 25 years in engineering and major project leadership, Robert brings a tremendous amount of experience to CarbonCapture,” said Adrian Corless, CEO and CTO, CarbonCapture Inc. “Robert’s extensive background in the energy industry, having managed and delivered large-scale projects around the world, makes him the ideal choice to lead our project team. We’re extremely pleased to welcome him to the company.”

Whyte joins CarbonCapture after nearly 20 years at Suncor Energy Service, Inc. where he managed multibillion-dollar assets in all stages of development. He also oversaw large-scale operations at organizations throughout North America, the Middle East, and Europe.

“It’s rare to have an opportunity to make such a major positive impact on the world,” said Robert Whyte, Vice President, Projects, CarbonCapture Inc. “I look forward to doing my part to support the company as we pursue our mission to decarbonize the atmosphere.”

Whyte holds a Bachelor of Engineering Mechanical from University of Victoria, a diploma of Mechanical Engineering Technology from Northern Alberta Institute of Technology and is a member of the Association of Professional Engineers and Geoscientists of Alberta.

About CarbonCapture Inc.

CarbonCapture develops and deploys direct air capture (DAC) machines that can be connected in large arrays to remove massive amounts of CO₂ from the atmosphere. With a groundbreaking modular open systems architecture, CarbonCapture’s technology platform allows for a broad range of sorbent options, plug-and-play upgrades, mass production, unlimited scalability, and rapid technology iterations. CarbonCapture’s systems run on zero-emissions energy, capturing atmospheric CO₂ for either permanent atmospheric carbon removal or for producing low-carbon synthetic fuels.

For more information, please visit carboncapture.com

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Grant will support RMHC’ Pantry Pals Program in Connecticut, Western Massachusetts

ORANGE, Conn.--(BUSINESS WIRE)--Building on AVANGRID’s commitment to positive community impact in Connecticut and its other service areas, the Avangrid Foundation and the United Illuminating Company today announced a $30,000 grant to the Ronald McDonald House Charities of Connecticut and Western Massachusetts (RMHC). To celebrate the grant, and the critical work RMHC does across its network of chapters, AVANGRID CEO Pedro Azagra, UI President and CEO Frank Reynolds, and Avangrid Foundation Executive Director Pablo Colón last week visited with the leadership of RMHC, and toured one of its homes in New Haven. The grant builds on AVANGRID’s long-standing support of RMHC, bringing the company’s total support of RMHC nationally to more than $300,000 since 2016. Over the last 5 years, AVANGRID and the Avangrid Foundation have made over $5.7 million in charitable donations to nonprofits and other community organizations across Connecticut.

“Companies are about people, and partnerships like the one AVANGRID has with Ronald McDonald House Charities reflect our steadfast commitment to making a meaningful, positive impact in the lives of the families in the communities where we are present,” said Pedro Azagra, CEO of AVANGRID. “As we approach the Thanksgiving holiday, I was inspired to see the work RMHC does and the essential role they play in the New Haven community, and AVANGRID is honored to offer our support to this vital organization.”

The grant delivered by the Avangrid Foundation and UI will support RMHC’ Pantry Pals Program in Connecticut and Western Massachusetts, which alleviates the financial burden families face by ensuring they have basic provisions during their stay at RMHC, free of charge.

“Our Pantry Pals Program is one of the most important elements of our family-centered services. Having a pantry full of items to choose from to prepare breakfast, lunch and dinner for each family is essential to keeping families together so that they are better prepared to handle the challenges that lay before them,” said Michelle D’Amore, Executive Director of Ronald McDonald House Charities of Connecticut and Western Massachusetts. “We are delighted to receive this most important and impactful grant from Avangrid Foundation to serve the children and families who will need our special home away from home.”

The Ronald McDonald House Charities of Connecticut and Western Massachusetts provides families with the lodging and daily necessities to make each of their Houses a home away from home. The Pantry Pals program provides critical resources to alleviate the stress of meal planning as families focus on the health of their children.

“In this season of giving, our visit to the RMHC impressed upon me the important role UI and its employees play in supporting healthy, vibrant, and caring communities across our service territory,” said UI President and CEO Frank Reynolds. “The exceptional work RMHC does deserves all of our admiration, and the entire team at UI takes immense pride in this enduring partnership and the difference we’ve been able to make in the communities we serve.”

The Avangrid Foundation has worked closely with the RMHC since 2016. AVANGRID was the first corporate sponsor to contribute to the construction of the Ronald McDonald House’s new facility in New Haven, Connecticut, and has also contributed grants for outdoor improvements, PPE, and other urgent needs.

During the visit, which took place on Thursday, November 17, 2022, AVANGRID CEO Pedro Azagra, UI President and CEO Frank Reynolds and Avangrid Foundation Executive Director Pablo Colón met with Michelle D’Amore, Executive Director and Dick Popilowski, Chief Development Officer, of Ronald McDonald House Charities of Connecticut and Western Massachusetts. The group toured the living spaces guests stay in, like the AVANGRID Room, supported by a company donation, as well as the living and kitchen facilities that the latest grant will support.

About Avangrid Foundation: The Avangrid Foundation is an independent, nonprofit organization that funds philanthropic investments that primarily impact communities where AVANGRID, Inc. and its subsidiaries operate. Since 2001, the Avangrid Foundation and its predecessors have invested more than $32 million in partnerships that focus on building sustainable, vital and healthy communities; preserving cultural and artistic heritage; advancing education; and improving people’s lives. The Avangrid Foundation is committed to advancing the United Nations Sustainable Development Goals in the United States. For more information, please visit www.avangridfoundation.org.

About AVANGRID: AVANGRID, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $40 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 more than 7,000 people and has been recognized by JUST Capital in 2021 and 2022 as one of the JUST 100 companies – a ranking of America’s best corporate citizens. In 2022, AVANGRID ranked second 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 2022 for the fourth consecutive year by the Ethisphere Institute. AVANGRID is a member of the group of companies controlled by Iberdrola, S.A. For more information, visit www.avangrid.com.

About UI: The United Illuminating Company (UI) is a subsidiary of AVANGRID, Inc. Established in 1899, UI operates approximately 3,600 miles of electric distribution lines and 138 miles of transmission lines. It serves approximately 341,000 customers in the greater New Haven and Bridgeport areas of Connecticut. UI received the Edison Electric Institute’s Emergency Response Award in 2019 and 2021. For more information, visit www.uinet.com.

MEDIA:
Mariel Huerta
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475-234-9220

Airgain adds to its growing presence in connected EV charging stations by securing a large contract with a leading manufacturer

SAN DIEGO--(BUSINESS WIRE)--$AIRG #Airgain--Airgain, Inc. (NASDAQ: AIRG) – a leading provider of wireless connectivity solutions, creating and delivering products that include embedded components, external antennas, and integrated systems across the globe, announced today that a leading manufacturer of electric vehicle (EV) charging stations has selected Airgain’s NimbeLink® embedded modems to provide connectivity to its expanding nationwide network. This win is the latest for Airgain in a growing niche that includes several top manufacturers who require reliable connectivity for maintenance, status tracking, usage monitoring, payment processing, geolocation, and more.

The EV charging market is rapidly expanding, driven by the combination of customer demand, automaker investments, and government funding. In fact, $7.5 billion from the 2021 Infrastructure Investment and Jobs Act has been earmarked specifically for EV charging infrastructure. This is in addition to other initiatives that include new federal tax credits for electric vehicles as well as statewide bans on internal combustion engines. To meet growing market demand, the EV charging segment will need to grow nearly tenfold by 2030 just to keep up, according to industry sources. This requires a rapid development process on the part of manufacturers to bring new products to market faster. Airgain’s dedicated market strategy is designed to identify and quickly address the needs of EV charging manufacturers.

“Connectivity is a catalyst to growth in EV charging,” says Brian Critchfield, Vice President of Marketing at Airgain. “Whether it is the customer who uses an EV charging station or the operator who manages it, connectivity is the backbone. With such rapid market growth upon us, manufacturers do not have time to wait for cellular carrier certification and often don’t have the RF engineers on staff to address the growing complexity in wireless. Airgain’s line of NimbeLink embedded modems simplify wireless connectivity by offering an elegant solution that shortens time-to-market and eliminates the need for in-house RF expertise.”

Airgain’s line of NimbeLink embedded modems are end-device certified, bypassing what is often months of delay and tens of thousands of dollars in cost required to certify a device through cellular carriers. In addition, all RF components are included in the modem’s electronics, eliminating the need for RF design on the motherboard. The only requirement is a standard 20-pin connector, which allows for interchangeable modems and wireless modules. This design greatly simplifies the process of bringing a wireless product to market.

About Airgain, Inc.

Airgain simplifies wireless connectivity across a diverse set of devices and markets, from solving complex connectivity issues to speeding time to market to enhancing wireless signals. Our products are offered in three distinct sub-brands: Airgain Embedded, Airgain Integrated and Airgain Antenna+. Our mission is to connect the world through optimized integrated wireless solutions. Airgain's expertise in custom cellular and antenna system design pairs with our focus on high-growth technologies and our dedication to simplify the growing complexity of wireless. With a broad portfolio of products across the value chain, from embedded components to fully integrated products, we are equipped to solve critical connectivity needs in both the design process and the operating environment across the enterprise, automotive, and consumer markets. Airgain is headquartered in San Diego, California, and maintains design and test centers in the U.S., U.K., and China. For more information, visit airgain.com, or follow Airgain on LinkedIn and Twitter.

Airgain and the Airgain logo are trademarks or registered trademarks of Airgain, Inc. All other trademarks are the property of their respective owner.

Forward-Looking Statements

Airgain cautions you that statements in this press release that are not a description of historical facts are forward-looking statements. These statements are based on the company’s current beliefs and expectations. These forward-looking statements include statements regarding the expected outcomes of the development, time to market, the performance of, and market for, Airgain’s products or those of its partners; the growth of the EV charging market and the importance of connectivity in connection with that growth; and the ability to create solutions that are cost effective and meet the needs of customers, as well as their acceptance by the market. The inclusion of forward-looking statements should not be regarded as a representation by Airgain that any of our plans will be achieved. Actual results may differ from those set forth in this press release due to the risk and uncertainties inherent in our business, including, without limitation: the market for our products is developing and may not develop as we expect; risks associated with the performance of our products, including bundled solutions with third-party products; if our channel partners fail to perform, or our partnerships are unsuccessful, we may not be able to bring our product solutions to market successfully or on a timely basis; our products are subject to intense competition, and competitive pressures from existing and new companies may harm our business, sales, growth rates and market share; the COVID-19 pandemic, global supply chain constraints and rising interest rates and inflation may continue to disrupt and otherwise adversely affect our operations and those of our suppliers, partners, distributors and ultimate end customers; risks associated with any regulatory approvals that may be required; risks associated with quality and timing in manufacturing our products and our reliance on third-party manufacturers; we may not be able to maintain strategic collaborations under which our bundled solutions are offered; if we cannot protect our intellectual property rights, our competitive position could be harmed or we could incur significant expenses to enforce our rights; and other risks described in our prior press releases and in our filings with the Securities and Exchange Commission, including under the heading "Risk Factors" in our Annual Report on Form 10-K and any subsequent filings with the SEC. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and we undertake no obligation to revise or update this press release to reflect events or circumstances after the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement, which is made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

Airgain Media Contact:
Brian Critchfield
VP, Global Marketing
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(760) 579-0200 x5412

LAS VEGAS--(BUSINESS WIRE)--$ALZN #100_million_gross_revenue--BitNile Holdings, Inc. (NYSE American: NILE), a diversified holding company (“BitNile” or the “Company”), reported its financial results for the third quarter ended September 30, 2022 on its Form 10-Q filed with the Securities and Exchange Commission.

Third quarter 2022 highlights include:

• Total assets of $610.9 million as of September 30, 2022;
• Positive working capital of $25.7 million as of September 30, 2022;
• Cash and cash equivalents of $10.1 million as of September 30, 2022;
• Revenue from cryptocurrency mining of $3.9 million, compared to $0.3 million in the prior third fiscal quarter;
• Revenue from the Company’s majority owned subsidiary, The Singing Machine Company, Inc. (Nasdaq: MICS) (“SMC”), acquired in June 2022, of $17.1 million, compared to $0 in the prior third fiscal quarter;
• Revenue from hotel operations, acquired in December 2021, of $5.5 million, compared to $0 in the prior third fiscal quarter;
• Revenue from lending and trading activities of $13.4 million, compared to negative revenue of ($38.9) million in the prior third fiscal quarter, of which revenue in the current as well as the prior year’s third fiscal quarter included an approximate ($33.4) million unrealized gain from the Company’s investment in Alzamend Neuro, Inc. (Nasdaq: ALZN) (“Alzamend”);
• Revenues from trading activities during the three months ended September 30, 2022 included net gains on equity securities, including unrealized gains and losses from market price changes. These gains and losses have caused, and will continue to cause, significant volatility in our periodic earnings;
• Total revenue of $49.8 million improved $80.6 million, from negative revenue of ($30.8) million in the prior third fiscal quarter; and
• Net loss available to common stockholders of $7.5 million improved $35.4 million, compared to a net loss available to common stockholders of $42.9 million in the prior third fiscal quarter.

Nine months ended September 30, 2022 highlights:

• Revenue from cryptocurrency mining of $11.4 million, compared to $0.7 million in the prior nine-month period;
• Revenue from SMC, acquired in June 2022, of $17.1 million, compared to $0 in the prior nine-month period;
• Revenue from hotel operations, acquired in December 2021, of $12.8 million, compared to $0 in the prior nine-month period;
• Revenue from lending and trading activities of $32.2 million, an increase of 64%, from $19.6 million in the prior nine-month period;
• Total revenue of $100.0 million, an increase of 124%, from $44.6 million in the prior nine-month period;
• Cash provided by operating activities of $12.9 million, compared to cash used in operating activities of ($56.9) million in the prior nine-month period;
• Interest expense of $35.8 million, primarily resulting from the issuance of $66 million of secured promissory notes in December 2021, which were fully paid in March 2022. Interest expense from these notes included the amortization of debt discount of $26.3 million from the issuance of warrants, a non-cash charge, and original issue discount, in connection with these secured promissory notes; and
• Net loss available to common stockholders of $62.0 million, compared to net income available to common stockholders of $1.3 million in the prior nine-month period.

Revenues

Revenues by segment for the three months ended September 30, 2022 and 2021 were as follows:

Gresham Worldwide

GWW revenues increased by $1.4 million, or 22%, to $7.8 million for the three months ended September 30, 2022, from $6.4 million for the three months ended September 30, 2021. The increase in revenue from our GWW segment for customized solutions for the military markets reflects $0.9 million from Giga-tronics Incorporated (“GIGA”), which was acquired on September 8, 2022, and $0.5 million higher revenues from Gresham UK, a GWW subsidiary, related to naval power projects that had previously been delayed.

TurnOnGreen

TurnOnGreen revenues for the three months ended September 30, 2022 of $1.7 million increased $0.6 million, or 52%, from $1.1 million for the three months ended September 30, 2021, due to increased sales to defense customers.

SMC

SMC revenues increased by $17.1 million for the three months ended September 30, 2022, compared to $0 for the three months ended September 30, 2021, due to the acquisition of SMC in June 2022.

BNI

Revenues from BNI’s cryptocurrency mining operations were $3.9 million for the three months ended September 30, 2022, compared to $0.3 million for three months ended September 30, 2021. During 2021, we began to purchase Bitcoin mining equipment, most of which were delivered in 2022, which greatly increased our cryptocurrency mining activities. Our decision to increase our cryptocurrency mining operations was based on several factors, which positively affected the number of active miners we operated, including the market prices of digital currencies, and favorable power costs available at our Michigan data center.

AGREE

AGREE revenues were $5.5 million for the three months ended September 30, 2022, compared to $0 for the three months ended September 30, 2021. On December 22, 2021, AGREE acquired four hotel properties for $71.3 million, consisting of a 136-room Courtyard by Marriott, a 133-room Hilton Garden Inn and a 122-room Residence Inn by Marriott in Middleton, WI, as well as a 135-room Hilton Garden Inn in Rockford, IL.

Ault Alliance

Revenues from our lending and trading activities increased to $13.4 million for the three months ended September 30, 2022, from negative revenues of $38.9 million for the three months ended September 30, 2021, which is attributable to significant realized and unrealized gains in the current year period and unrealized losses in the prior year period from our investment portfolio. During the three months ended September 30, 2022, Ault Lending, LLC (“Ault Lending”) (formerly known as Digital Power Lending, LLC) generated significant income from appreciation of investments in marketable securities as well as shares of common stock underlying convertible notes and warrants issued to Ault Lending in certain financing transactions. Revenue from lending and trading activities during the three months ended September 30, 2022 included an approximate $2.5 million unrealized gain from our investment in Alzamend. Under its business model, Ault Lending also generates revenue through origination fees charged to borrowers and interest generated from each loan.

Revenues from our trading activities during the three months ended September 30, 2021 included significant unrealized losses from market price changes related to Alzamend. During the three months ended September 30, 2021, we recorded an unrealized loss of $27.4 million related to our investment in Alzamend common stock. During the three months ended September 30, 2021, we recorded an unrealized loss on our investment in warrants of Alzamend of $6.0 million. Our investment in Alzamend will be revalued on each balance sheet date.

Revenues from our trading activities during the three months ended September 30, 2022 included net gains on equity securities, including unrealized gains and losses from market price changes. These gains and losses have caused, and will continue to cause, significant volatility in our periodic earnings.

Gross Margins

Gross margins were 42.4% for the three months ended September 30, 2022, compared to 117.1% for the three months ended September 30, 2021. Our gross margins have typically ranged between 30% and 35%, with slight variations depending on the overall composition of our revenue.

Our gross margins of 42.4% recognized during the three months ended September 30, 2022 were impacted by the favorable margins from our lending and trading activities and modest margins on cryptocurrency mining operations due to the decline in the price of Bitcoin. Excluding the effects of margin from our lending and trading activities and cryptocurrency mining operations, our adjusted gross margins for the three months ended September 30, 2022 and 2021, would have been 27.6% and 35.8%, respectively, with gross margins for the three months ended September 30, 2022 slightly lower than our historical averages due to gross margins from SMC, which were 23.8%.

Operating Expenses

Operating expenses increased to $26.4 million for the three months ended September 30, 2022, representing an increase of $12.6 million compared to $13.8 million for the three months ended September 30, 2021.

The increase in operating expenses from the three months ended September 30, 2022 is attributable to the following:

• Selling and marketing expenses were $7.4 million for the three months ended September 30, 2022, compared to $2.0 million for the three months ended September 30, 2021, an increase of $5.4 million, or 273%. The increase was the result of $4.2 million higher marketing costs at Ault Alliance, Inc., including $3.2 million related to an advertising sponsorship agreement as well as a $0.9 million increase in sales and marketing costs from SMC, which was acquired in June 2022; and
• General and administrative expenses were $15.9 million for the three months ended September 30, 2022, compared to $11.3 million for the three months ended September 30, 2021, an increase of $4.7 million, or 41%. General and administrative expenses increased from the comparative prior period, mainly due to:
  • general and administrative costs of $2.6 million from SMC, which was acquired in June 2022;
  • general and administrative costs of $0.6 million from Avalanche International Corp., which was acquired in June 2022;
  • general and administrative costs of $0.6 million from our hotel operations, which were acquired in December 2021;
  • $2.2 million increase in the accrual of a performance bonus related to realized gains on trading activities during the period;
  • increased costs of $0.6 million, in part related to the efforts to spin off TurnOnGreen and GIGA; and
  • partially offset by lower non-cash stock compensation costs of $2.5 million.

The Company’s Chief Financial Officer, Kenneth S. Cragun, said, “We recorded revenue for the nine months ended September 30, 2022 at $100 million, and exited the third quarter with an annualized revenue run rate of $200 million. Our new initiatives and acquisitions in 2022 contributed to revenue growth with $17 million from SMC, $11 million from Bitcoin mining and $13 million from AGREE. Cash provided by operating activities was $12.9 million for the nine months ended September 30, 2022. We reported an operating loss of $5.3 million in the third quarter of 2022, but that included $4.8 million of depreciation and amortization, $2.0 million of stock compensation and $2.5 million of impairment charges related to our mining operations.”

Mr. Milton “Todd” Ault, III, the Company’s Executive Chairman, stated, “With more than half of $1 billion of assets and a dramatic improvement in financial results, I’m incredibly proud of the team. The Company has faced a hurricane-like event with the volatility in Bitcoin market and has managed very difficult conditions to grow revenues to $100 million for the first nine months of 2022. Simply put, this is in my opinion the best quarter in the Company’s history. The announced dividends of TurnOnGreen and GIGA pave the way for us to focus inward on the performance of our existing assets and capital structure. We are focused more than ever on improving stockholder value and continuing to improve our financial results under difficult conditions in the marketplace. As I said, I could not be more proud of the team. We expect to continue dramatic revenue growth in 2023, as we focus on increasing cash flow from our producing assets.”

For more information on BitNile and its subsidiaries, BitNile recommends that stockholders, investors, and any other interested parties read BitNile’s public filings and press releases available under the Investor Relations section at www.BitNile.com or available at www.sec.gov.

About BitNile Holdings, Inc.

BitNile 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, BitNile owns and operates a data center at which it mines Bitcoin and provides mission-critical products that support a diverse range of industries, including oil exploration, defense/aerospace, industrial, automotive, medical/biopharma, consumer electronics, hotel operations and textiles. In addition, BitNile extends credit to select entrepreneurial businesses through a licensed lending subsidiary. BitNile’s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.BitNile.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.BitNile.com.

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• $70 million in cash on the balance sheet at close
• Maintains liquidity, strengthens balance sheet
• Continues to align ongoing capital structure actions to support strategy
• Positions DXP for future market conditions

HOUSTON--(BUSINESS WIRE)--DXP Enterprises, Inc. (NASDAQ: DXPE) today announced that it has closed on raising incremental $105 million Senior Secured Term Loan B (“TLB”) borrowings that will be added to the initial $330 million Term Loan B raised in December of 2020. Including the new borrowings, DXP will have $417.2 million in Senior Secured Term Loan B borrowings. The existing and new TLB borrowings mature in 2027 and are priced at Term SOFR plus an applicable margin of 5.25 percent.

DXP intends to use the proceeds to repay borrowings under DXP’s Asset Based Loan (“ABL”), and the remaining for general corporate purposes, potential acquisitions and transaction fees and expenses. The transaction provides DXP with operational and financial flexibility to reinvest in the business and pursue its strategy around organic and targeted acquisition growth.

The Term Loan B and incremental borrowings are 5.25 percent over Term SOFR and continues to include a secured leverage covenant ranging from 5.75:1 to 4.75:1. The new loan under the credit agreement is secured by the company’s consolidated assets.

David R. Little, Chairman and CEO remarked, “We are pleased with the successful execution of raising this incremental financing. We will take this positive momentum and close out the year strong and look to drive growth in 2023. This successful capital raising demonstrates the confidence lenders have in our current and long-term plans. As we navigate changing market conditions, this financing will support us in executing our strategy and funding both working capital and acquisition growth. Our capital allocation strategy at this point in the cycle includes a mix of continuing to fund growth, applying excess cash flow to debt service, when appropriate, and supporting DXP in the market. We plan on maintaining liquidity and flexibility while pursuing growth opportunities and reinvesting in the business.”

Kent Yee, CFO added, “We are pleased to announce the completion of raising an incremental $105 million to our existing Term Loan B. This accomplished several important objectives, including paying down existing borrowings under the ABL and creating liquidity and flexibility going forward. We are proactively putting DXP in a position to take advantage of market opportunities on behalf of all our stakeholders. DXP continues to be well-positioned to support its disciplined growth strategy well into the future. We experienced strong market interest and demand for this transaction, demonstrating the confidence that existing and new lenders, investors and other financial participants have in DXP. We appreciate the support from our advisors and lender group. Based on the transaction closing at the end of the third quarter, DXP’s net debt to EBITDA was 2.86:1”

Additional detail regarding the incremental TLB borrowings will be available in DXP’s Current Report on Form 8-K to be filed with the Securities and Exchange Commission by November 29^th.

About DXP Enterprises, Inc.

DXP Enterprises, Inc. is a leading products and service distributor that adds value and total cost savings solutions to industrial customers throughout the United States, Canada, Mexico and Dubai. DXP provides innovative pumping solutions, supply chain services and maintenance, repair, operating and production ("MROP") services that emphasize and utilize DXP’s vast product knowledge and technical expertise in rotating equipment, bearings, power transmission, metal working, industrial supplies and safety products and services. DXP's breadth of MROP products and service solutions allows DXP to be flexible and customer-driven, creating competitive advantages for our customers. DXP’s business segments include Service Centers, Innovative Pumping Solutions and Supply Chain Services. For more information, go to www.dxpe.com.

The Private Securities Litigation Reform Act of 1995 provides a “safe-harbor” for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made by or to be made by the Company) contains statements that are forward-looking. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future; and accordingly, such results may differ from those expressed in any forward-looking statement made by or on behalf of the Company. These risks and uncertainties include, but are not limited to; ability to obtain needed capital, dependence on existing management, leverage and debt service, domestic or global economic conditions, and changes in customer preferences and attitudes. In some cases, you can identify forward-looking statements by terminology such as, but not limited to, “may,” “will,” “should,” “intend,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “goal,” or “continue” or the negative of such terms or other comparable terminology. For more information, review the Company’s filings with the Securities and Exchange Commission.

Kent Yee
Senior Vice President CFO
713-996-4700 – www.dxpe.com

DUBLIN--(BUSINESS WIRE)--The "Smart Ports Market Research Report by Technology, Port Type, Design, Throughput Capacity, Solution, Fuel Type, Region - Global Forecast to 2027 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.

The Global Smart Ports Market is projected to grow with a significant CAGR in the forecast period. Economic development and substantial infrastructure development have constituted regional revenue generation. Further, the patterns associated with domestic production, import and export, and consumption have helped market participants to analyze and capitalize on potential opportunities. Besides, the qualitative and quantitative parameters provided in the report with detailed analysis highlights the driving and restraining factors of the Global Smart Ports Market.

Market Dynamics

Drivers

• Increasing Adoption in Shipping Industry Worldwide
• Rising Dependency on Real-Time Data to Improve Port Efficiency
• Rapid Adoption of Industry 4.0 to Improve Port Functionality

Restraints

• Concern Associated With Data Breach and Security
• High Initial Investment for Deployment of Smart Port Facilities

Opportunities

• Integration of Emerging Technologies Such as IoT, AI, Blockchain and Big Data
• Government Initiatives and Encouragements for the Deployment of Smart Ports
• Ongoing Trend of Up-Gradation and Expansion of Current Port Infrastructure

Challenges

• Technical Complications in Integration and Development of Various Systems

Market Segmentation & Coverage:

This research report categorizes the Smart Ports to forecast the revenues and analyze the trends in each of the following sub-markets:

• Based on Technology, the market was studied across Artificial Intelligence, Blockchain, Internet of Things, and Process Automation.
• Based on Port Type, the market was studied across Inland Port and Seaport.
• Based on Design, the market was studied across Bar & Plate and Tube & Fin.
• Based on Throughput Capacity, the market was studied across Extensively Busy, Moderately Busy, and Scarcely Busy.
• Based on Solution, the market was studied across Gate Automation Solutions, Others, Port Community System (PCS), Smart Cargo-handling System, and Traffic-monitoring System.
• Based on Fuel Type, the market was studied across Diesel and Gasoline.
• Based on Region, the market was studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

Competitive Strategic Window:

The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix evaluates and categorizes the vendors in the Smart Ports Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Key Topics Covered:

1. Preface

2. Research Methodology

3. Executive Summary

4. Market Overview

5. Market Insights

6. Smart Ports Market, by Technology

7. Smart Ports Market, by Port Type

8. Smart Ports Market, by Design

9. Smart Ports Market, by Throughput Capacity

10. Smart Ports Market, by Solution

11. Smart Ports Market, by Fuel Type

12. Americas Smart Ports Market

13. Asia-Pacific Smart Ports Market

14. Europe, Middle East & Africa Smart Ports Market

15. Competitive Landscape

16. Company Usability Profiles

17. Appendix

Companies Mentioned

• ABB Ltd.
• Abu Dhabi Ports
• Accenture plc
• APM Terminals
• Cargotec Solutions LLC
• Evergreen Marine Corporation
• General Electric Company
• Hutchison Port Holdings Limited
• International Business Machines Corporation
• ioCurrents, Inc.
• Maersk Line
• Nautix Technologies
• Navis LLC
• PORT OF ROTTERDAM
• Port Solutions Ltd
• Ramboll Group A/S
• Royal HaskoningDHV
• Siemens AG
• Trelleborg AB
• Wipro Limited

For more information about this report visit https://www.researchandmarkets.com/r/4b6555

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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SOLON, Ohio--(BUSINESS WIRE)--goSwagelok Company’s Swagelok Foundation is donating $75,000 to the East Cleveland City School district to establish a learning lab for an industry credentialing program in manufacturing. As part of the new partnership, Swagelok will provide instructional content, volunteer work, and classroom advising to support district goals, as well as offer real-world experiences through visits and internship opportunities for qualified students.

“Swagelok continues to look for new ways to support our community, and we’re thrilled to be partnering with the East Cleveland City School district to help students prepare for potential careers in modern manufacturing,” said Hannah Delis, Chief Human Resources Officer and chair of the Swagelok Foundation.

"The charge of our revitalization plan is to ensure that our students have the skills necessary to be college, career, and life ready when they graduate. This partnership with Swagelok will go a long way in ensuring future success of all our students," said Dr. Henry Pettiegrew II, superintendent and CEO of East Cleveland City Schools.

Additionally, Gary Plona, a supervisor at Swagelok Strongsville, was presented with Swagelok’s inaugural community engagement award on October 26, 2022. For more than a decade, Plona has organized holiday gift drives and food donations for children and families in the East Cleveland community. “Every time we engage with East Cleveland on these efforts, our hearts are filled with gratitude that we’ve helped brighten the lives of neighbors who need a lift,” Plona said. The Swagelok Foundation presented Plona with $10,000 that can be donated to the non-profit organization of his choice.

About Swagelok

Swagelok Company is an approximately $2 billion privately held developer of fluid system products, assemblies, and services for the oil, gas, chemical, semiconductor and clean energy industries. Headquartered in Solon, Ohio, U.S.A., Swagelok serves customers through approximately 200 sales and service centers in 70 countries, supported by the expertise of 5,700 corporate associates at 20 manufacturing facilities and five global technology centers.

Lindsay Domingo
Vice President, Talent and Communications
440-649-3908
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SHARM EL-SHEIKH, Egypt--(BUSINESS WIRE)--Huawei’s ability to build more energy-efficient data centers could be an example to others as decarbonization of the construction sector picks up worldwide, according to a company spokesperson.

Andrew Williamson, Vice President of Government Affairs and Economic Advisor at Huawei, said “smart” digital infrastructure and buildings are becoming especially common in China’s Guangdong–Hong Kong–Macao Greater Bay Area (GBA).

“The modularization of data center facilities creates new possibilities for fast construction and with a lower carbon footprint,” said Williamson, who stressed that construction times can be reduced to six months from 18 months, thanks to steel prefabricated design.

“This solution uses much less concrete than conventional buildings, and carbon emissions in the construction phase could be offset by more than 90 percent,” he said.

Williamson made the remarks as he addressed a session organized by the Global Alliance for Buildings and Construction (GlobalABC) and German Energy Agency at the Buildings Pavilion during the ongoing 27^th Conference of the Parties, or COP27, in Sharm El-Sheikh, Egypt. The session also included speakers from the German Federal Ministry for Economic Affairs and Climate Action (BMWK), the Chinese Academy of Building Research, the World Resources Institute, ICLEI East Asia, Shenzhen Institute of Building Research and JA Solar.

“The process itself is really important to get collaboration in motion in the decarbonization of the buildings sector. Essentially it is about bringing the different actors together, getting them to talk to each other and agree on a shared vision and some targets, and to agree on the actions that need to be implemented to transform the sector,” said Jonathan Duwyn, Head of Buildings and Construction Portfolio at the United Nations Environment Programme.

In terms of building green and eco-friendly campuses, Huawei has adopted rooftop photovoltaics (PVs) for many of its own facilities, including the Huawei Dongguan Southern Factory. It has also consistently increased the use of electricity from renewable energy sources, which rose by 42.3 percent to 300 million kWh in 2021.

In its headquarters in Shenzhen and Dongguan of China’s GBA area, Huawei’s campuses are both fully powered by clean energy. Elsewhere in the country, the Chengdu Research Center was the first of its kind for the company to achieve net-zero carbon operations.

The company has also contributed in the concerted global effort to power COP27 with clean solar energy. Together with its partner Infinity Power, Huawei supplied all string inverters to the 6MW solar project that has lit up the COP27 conference center.

The solar plant is expected to generate up to 11,723 MWh of energy a year. That can power 5,000 homes and reduce 4,000-plus tons of CO2 emissions annually.

“The project will also provide green electricity to Sharm el-Sheikh for years to come,” said Williamson.

About Huawei

Founded in 1987, Huawei is a leading global provider of information and communications technology (ICT) infrastructure and smart devices. We have 195,000 employees and we operate in more than 170 countries and regions, serving more than three billion people around the world.

Our vision and mission is to bring digital to every person, home and organization for a fully connected, intelligent world. To this end, we will work towards ubiquitous connectivity and inclusive network access, laying the foundation for an intelligent world; provide diversified computing power where you need it, when you need it, to bring cloud and intelligence to all four corners of the earth; build digital platforms to help all industries and organizations become more agile, efficient, and dynamic; and redefine user experience with AI, making it smarter and more personalized for people in all aspects of their life, whether they're at home, on the go, in the office, having fun, or working out. For more information, please visit Huawei online at www.huawei.com or follow us on:

http://www.linkedin.com/company/Huawei
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Huawei, Francis Yang, +86 13871384929, This email address is being protected from spambots. You need JavaScript enabled to view it.

DUBLIN--(BUSINESS WIRE)--The "FRP Vessels Market by Fiber Type (Glass, Carbon), Resin Type (Polyester, Epoxy, Others), Application (Automotive & Transportation, Water and Wastewater, Chemical, Industrial, Oil & Gas), and Region - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

The global FRP vessels market size is projected to grow from USD 3.9 Billion in 2022 to USD 5.7 Billion by 2027, at a CAGR of 8.0%. The increasing demand for FRP vessels in water & wastewater treatment and chemical industries is one of the most significant factors projected to drive the growth of the FRP vessels market.

Greater tax incentives for CNG vehicles and infrastructure to boost the market growth.

Tax incentives for CNG vehicles have been increased or extended in various regions, including Asia Pacific, Europe, and North America, in a bid to reduce CO2 emissions. In May 2019, the government of the US state of Oklahoma revised and approved its legislation concerning tax credits as they apply to compressed natural gas (CNG) vehicles and their refueling. The legislation was extended from January 1, 2020, to December 31, 2027. This will ensure that Oklahoma consistently leads the country in supporting natural gas for vehicles as the best fuel option. In turn, this will generate demand for FRP vessels.

In December 2019, the Ministry of Petroleum and Natural Gas in India cut GST on CNG vehicles to 5% from the current 28%, which indirectly helped the government to drive the popularity of gas vehicles. This has resulted in the increasing demand for FRP vessels development of low-weight FRP vessels for hydrogen-powered cars to create opportunities for FRP vessels market.

Hydrogen-powered cars have electric motors that drive the wheels, like in an electric car. However, while electrical power is stored in a conventional battery in an electric car, in a hydrogen car, the electricity is stored in the form of hydrogen and converted into electricity in a device known as a fuel cell. Currently, the cost of storage tanks for such cars is very high, thus limiting their use. A 5-kg storage tank for a car costs around USD 4,000-4,500, which i is a huge price addition to the total cost of the car. Research is underway to develop Class 4-cylinder tanks made from lightweight carbon fiber. The top manufacturers of hydrogen storage FRP tanks for cars are Luxfer Group (UK), Worthington Industries, Inc. (US), Quantum Fuel System LLC (US), Ullit SA (France), and Agility Fuel Systems (US).

Well established infrastructure for electric cars to be a major challenge for FRP vessels market.

Hydrogen-powered cars are popular in countries such as South Korea and Japan, where the respective governments have offered subsidies for these vehicles and also provided finance to build the necessary infrastructure. In the US, the state of California offers incentives for the use of fuel cell-powered vehicles. Although hydrogen-powered cars may be a sustainable technology in the modern world, experts believe hydrogen needs to be developed from a natural gas source, which results in the use of fossil fuels. Electric cars rely on battery power and hence are greener than hydrogen-powered cars.

However, efforts are being made to use hydrogen produced from renewable sources. Hydrogen-powered cars are three times less energy efficient, have less volumetric efficiency, and have higher weight as compared to electric cars. The necessary infrastructure for refueling the tanks is inadequate, which restrains the growth of the FRP vessels market.

Market Dynamics

Drivers

• Increasing Demand for FRP Vessels in Automotive Industry
• Growing Use of FRP Vessels in Downstream Oil & Gas Industry in US and Canada
• Greater Tax Incentives for Cng Vehicles and Infrastructure
• Rising Demand for Natural Gas Vehicles in Asia-Pacific

Restraints

• High Manufacturing Cost and Need for Regulatory Approvals

Opportunities

• Growth of End-use Industries in Emerging Economies
• Development of Low-Weight FRP Vessels for Hydrogen-Powered Cars

Challenges

• Lack of Standardization in Manufacturing Process for FRP Vessels
• Well-Established Infrastructure for Electric Cars

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 FRP Vessels Market, by Fiber Type

7 FRP Vessels Market, by Resin Type

8 FRP Vessels Market, by Application

9 FRP Vessels Market, by Region

10 Competitive Landscape

11 Company Profiles

12 Appendix

Companies Mentioned

• Aeron Composites Pvt. Ltd.
• Agility Fuel Solutions
• Augusta Fiberglass
• Avanco Group
• Cevotec GmbH
• Compomex
• Dragerwerk AG & Co. KGaA
• Enduro Composites Inc.
• Epp Composites Pvt. Ltd.
• Everest Kanto Cylinders Ltd.
• Faber Industrie Spa
• Hexagon Composites Asa
• Jrms Engineering Works
• Kaymo Fiber Reinforced Plastic Manufacture Co. Ltd.
• Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd.
• Luxfer Group
• Nov Inc.
• Nproxx
• Quantum Fuel Systems LLC
• Saudi Arabian Amiantit Co
• Shawcor Ltd.
• Steelhead Composites, Inc.
• Time Technoplast Ltd.
• Ullit SA
• Worthington Industries Inc.

For more information about this report visit https://www.researchandmarkets.com/r/mw91py

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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AKRON, Ohio--(BUSINESS WIRE)--$BW #biomass--Babcock & Wilcox (B&W) (NYSE: BW) announced today that it has signed an agreement with NRG Korea to study the applicability of B&W’s BrightLoop™ technology for a hydrogen generation facility using biomass fuel in South Korea.

B&W’s BrightLoop chemical looping technology is part of its ClimateBright™ suite of decarbonization and hydrogen technologies. The BrightLoop process uses a proprietary, regenerable particle and has been demonstrated to effectively separate carbon dioxide (CO₂) while producing hydrogen, steam and/or syngas, and is ready for commercial scale-up.

B&W and NRG have signed a memorandum of understanding to study the technology and potentially develop the project, which would use waste biomass as feedstock to produce hydrogen for fuel cells used for electrical generation.

“As the energy transition accelerates, clean hydrogen from net-carbon neutral sources will play an increasingly important role in energy generation,” said Joe Buckler, B&W Senior Vice President, Clean Energy. “B&W’s BrightLoop technology is a cutting-edge solution for hydrogen generation from virtually any fuel stock, and, depending on a customer’s needs, also can be used to isolate CO₂ for capture or use, and produce steam or syngas. BrightLoop is a flexible solution with a wide array of potential applications.”

“We’re excited to have the opportunity to work closely with NRG to develop this groundbreaking clean energy project,” Buckler said.

Jay Kim, Chief Executive Officer of NRG Korea said, “NRG Korea is excited to be cooperating with Babcock & Wilcox, a world-renowned technology leader, in the development of this unique and innovative energy project. We see this project as a significant development in the renewable energy space by generating clean electrical power using green hydrogen produced from a renewable waste-based fuel.”

NRG Korea, established in 2008, is a Korean company specializing in waste processing and manufacture of alternative fuels and holds a number of patents related to their unique processing technologies.

B&W’s ClimateBright suite of revolutionary decarbonization technologies are designed to help utilities and industry aggressively combat greenhouse gas emissions and climate change. These technologies have application for a wide range of industries including energy production, food manufacturing, steel, cement, oil and gas, pharmaceutical, petrochemical, carbon black, and pulp and paper.

About Babcock & Wilcox

Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises, Inc. is a leader in energy and environmental products and services for power and industrial markets worldwide. Follow us on LinkedIn and learn more at babcock.com.

Forward-Looking Statements

B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to the signing of a memorandum of understanding with NRG Korea to study the applicability of B&W’s BrightLoop technology for a biomass to hydrogen facility in South Korea. These forward-looking statements are based on management’s current expectations and involve a number of risks and uncertainties. For a more complete discussion of these risk factors, see our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K. If one or more of these risks or other risks materialize, actual results may vary materially from those expressed. We caution readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and we undertake no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.

Investor Contact:
Investor Relations
Babcock & Wilcox
704.625.4944
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Media Contact:
Ryan Cornell
Public Relations
Babcock & Wilcox
330.860.1345
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DUBLIN--(BUSINESS WIRE)--The "Global Waste to Energy Market 2022-2026" report has been added to ResearchAndMarkets.com's offering.

The waste to energy market is poised to grow by $20.6 billion during 2022-2026, accelerating at a CAGR of 7.3% during the forecast period. The report on the waste to energy market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising investments in waste to energy plants, increasing urbanization, and increasing government regulations for waste to energy and MSW management.

The waste to energy market is segmented as below:

By Technology

• Thermal
• Biological

By Geographical Landscape

• Europe
• APAC
• North America
• Middle East and Africa
• South America

This study identifies the rising number of strategic partnerships and alliances as one of the prime reasons driving the waste to energy market growth during the next few years. Also, the rising popularity of integrated waste management systems and the decline in coal-based power generation will lead to sizable demand in the market.

The report on waste to energy market covers the following areas:

• Waste to energy market sizing
• Waste to energy market forecast
• Waste to energy market industry analysis

Key Topics Covered:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by Technology

6 Customer Landscape

7 Geographic Landscape

8 Drivers, Challenges, and Trends

9 Vendor Landscape

10 Vendor Analysis

11 Appendix

Companies Mentioned

• Babcock and Wilcox Enterprises Inc.
• Biffa Plc
• China Everbright Environment Group Ltd.
• CNIM SA
• Covanta Holding Corp.
• Electricite de France SA
• EVOQUA WATER TECHNOLOGIES CORP.
• Fulcrum BioEnergy Inc.
• Hitachi Zosen Corp.
• John Wood Group PLC
• Keppel Corp.
• Mitsubishi Heavy Industries Ltd.
• MVV Energie AG
• Ramboll Group AS
• SUEZ SA
• Veolia Environment SA
• Waste Management Inc.
• Wheelabrator Technologies Holdings Inc.
• Xcel Energy Inc.

For more information about this report visit https://www.researchandmarkets.com/r/apoduv

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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CAMDEN, N.J.--(BUSINESS WIRE)--Campbell Soup Company (NYSE: CPB) and Enel North America today announced a 12-year virtual renewable power purchase agreement, supporting Campbell’s goals to reduce greenhouse gas emissions. Through the agreement Campbell will purchase the electricity and the associated renewable energy credits from a 115 megawatt share of Enel’s Seven Cowboy wind project in Oklahoma. The contract is expected to commence in July 2023.

“Improving the sustainability of the agriculture and food value chain is important to Campbell,” said Stewart Lindsay, Campbell’s Vice President, Corporate Responsibility and Sustainability. “Reducing emissions is a key part of this work, and the agreement with Enel North America provides a significant step forward in meeting our science-based emissions targets.”

The renewable energy credits retained through the agreement will reduce Campbell’s Scope 2 GHG emissions, enabling the company to make substantial progress toward achieving its science-based target to reduce its combined Scope 1 and 2 GHG emissions 42% by fiscal year 2030. Using expected production from Campbell’s portion of the wind project, the renewable electricity is estimated to avoid approximately 191,000 metric tons of CO2 emissions every year, or the equivalent of approximately 29% of Campbell’s fiscal year 2021 combined Scope 1 and 2 emissions.

“We are proud to support Campbell’s goal to create a more sustainable food system,” said Paolo Romanacci, head of Enel North America’s renewable energy business, Enel Green Power. “This agreement demonstrates how food and beverage companies like Campbell can leverage clean energy solutions to achieve their emissions reduction goals, while also supporting the addition of new renewable energy to the electric grid.”

Located southwest of Oklahoma City, the Seven Cowboy wind project will have 107 turbines that are expected to generate over 1.3 terawatt hours of energy each year, equivalent to the electricity needs of over 120,000 U.S. households.

To learn more about Campbell’s environmental, social, and governance strategy, goals, progress, and recognitions, visit campbellsoupcompany.com/our-impact.

About Campbell Soup Company
For more than 150 years, Campbell (NYSE: CPB) has been connecting people through food they love. Generations of consumers have trusted Campbell to provide delicious and affordable food and beverages. Headquartered in Camden, N.J. since 1869, Campbell generated fiscal 2022 net sales of nearly $8.6 billion. Our portfolio includes iconic brands such as Campbell’s, Cape Cod, Goldfish, Kettle Brand, Lance, Late July, Milano, Pace, Pacific Foods, Pepperidge Farm, Prego, Snyder’s of Hanover, Swanson and V8. Campbell has a heritage of giving back and acting as a good steward of the environment. The company is a member of the Standard & Poor's 500 as well as the FTSE4Good and Bloomberg Gender-Equality Indices. For more information, visit www.campbellsoupcompany.com or follow company news on Twitter via @CampbellSoupCo.

About Enel North America
Enel North America, part of the Enel Group, is a clean energy leader in North America and is working to electrify the economy and build a net-zero carbon future by decarbonizing energy supply, electrifying transportation, creating resilient grids, and promoting a just, equitable transition. Enel North America serves over 4,500 businesses, utilities, and cities through renewable power generation, demand response, distributed energy resources, smart e-mobility solutions and services, energy trading, advisory and consulting services, and more. Its portfolio includes over 8 GW of utility-scale renewable capacity, 606 MW / 882 MWh of utility-scale energy storage and 63 MW / 145 MWh of distributed energy storage capacity, 4.7 GW of demand response capacity, and 110,000 electric vehicle charging stations. Visit enelnorthamerica.com and follow us on LinkedIn, Twitter, and YouTube to learn more.

Investor Contact:
Rebecca Gardy
(856) 342-6081
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Media Contact:
James Regan
(856) 219-6409
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Enel Media Contact:
Matt Epting
(405) 358-3446
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Government funding and commercial partnerships further validate the potential of Niron’s Clean Earth Magnet® technology and will accelerate production plans to usher in a more sustainable future

MINNEAPOLIS--(BUSINESS WIRE)--#cleantech--Niron Magnetics, the company pioneering the world’s first high-performance, rare earth-free permanent magnets, today announced that the U.S. Department of Energy’s (DOE) Advanced Research Projects Agency – Energy (ARPA-E) has awarded the company a $17.5M grant as part of its Seeding Critical Advances for Leading Energy technologies with Untapped Potential (SCALEUP) program. Niron will use this financing to advance the commercial partnerships and pilot production of its rare earth-free Clean Earth Magnet®, further demonstrating its potential to replace rare earth permanent magnets.

The SCALEUP program supports the scaling of disruptive new technologies across the full spectrum of energy applications, ensuring that strategic U.S. energy innovations are well-positioned for commercial deployment and investment from the private sector. Niron’s project was selected by ARPA-E from a competitive pool of energy industry applicants to support the commercialization of its Clean Earth Magnets. The project will expand Niron’s current capacity to sample to customers, accelerating the prototyping and qualification of Clean Earth Magnets in commercial products.

“This SCALEUP grant accelerates our trajectory,” said Andy Blackburn, CEO of Niron Magnetics. “Scaling up key manufacturing processes, increasing prototyping capacity, and partnering with world class device manufacturers work in concert to pull in the schedule for full-scale production.”

Powerful permanent magnets are necessary components of electric vehicle motors, wind turbines, efficient industrial motors, and many other modern technologies essential to the clean energy transition. Today, these magnets rely on rare earth elements. However, rare earth extraction can be environmentally destructive and the supply concentration poses geopolitical and sourcing risk, as 92% of rare earth magnet production is in China. With demand expected to triple by 2035, shortages and price increases are also forecasted.

Niron’s Clean Earth Magnet is a permanent magnet completely free of rare earth elements. Clean Earth Magnets are made from Iron Nitride using widely available commodity raw materials. The result is a powerful, domestically manufacturable, clean material to enable the clean energy transition and ensure supply for all magnet users. At full-scale, just two Niron manufacturing facilities have the potential to enable to 167% of the White House’s 2030 annual electric vehicle goal, or 103% of its 2030 offshore wind goal.

Six leading global manufacturers of devices that rely on magnets have partnered with Niron on the SCALEUP project, spanning various end-use industries. These commercial partners represent the customer perspective, ensuring that Niron’s SCALEUP project meets procurement requirements and feeds into the prototyping and testing programs that precede commercial production. Commercial partners on the project include:

• Volvo Cars, a global automotive OEM with a focus on quality, safety, and care for the environment
• Peerless, Tymphany’s audio components division, a global leader in the design and manufacturing of professional speaker drivers
• Premium Sound Solutions, a leading designer and manufacturer of automotive sound products supplying the majority of premium car brands globally, widely recognized for its product innovation and sustainability ambitions
• Western Digital, a leading global data storage solutions provider that designs and manufactures flash and hard disk drive products for cloud, edge, and consumer markets
• One of the top 5 global power tool OEMs
• One of the top 5 global wind turbine OEMs

“As suppliers of the most demanding audio brands worldwide, we’re always at the forefront of innovation,” said Phil McPhee, VP of Professional Audio & Video at Tymphany. “Niron’s Clean Earth Magnet technology presents an opportunity to take advantage of materials science innovation to offer differentiated environmental sustainability in a speaker driver.”

To learn more about Niron Magnetics and its Clean Earth Magnet technology, please visit https://nironmagnetics.com/.

About Niron Magnetics
Niron Magnetics is developing the world’s first advanced manufacturing process for the mass production of permanent magnets powered by its breakthrough material formulation. Niron’s proprietary Clean Earth Magnet® technology based on Iron Nitride enables magnets that possess inherently higher magnetization, can be produced at a lower cost compared to today’s rare earth magnets, and will enable a revolution in the design of new electric motors and generators. Niron is part of many innovative design partnerships, including a U.S. Department of Energy funded project that aims to develop more cost effective and sustainable drivetrains for electric vehicles. For more information on Niron Magnetics and its technology, please visit https://www.nironmagnetics.com/.

Media
Kalyn Kolek for Niron Magnetics
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Brandon Reid for Niron Magnetics
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Virtual Presentations To Be Held November 21 & 22

LOS ANGELES--(BUSINESS WIRE)--$CGRN #Biogas--Capstone Green Energy Corporation (NASDAQ: CGRN), a global leader in carbon reduction and on-site resilient green energy solutions, will be participating in two separate Renmark Financial Communications Inc.'s live Virtual Non-Deal Roadshow Series to discuss its latest investor presentation on Monday, November 21 at 1:00 p.m. PT and Tuesday, November 22 at 2:00 p.m. ET.

The Monday, November 21 presentation is marketed to Seattle and surrounding areas and will feature Darren Jamison, President and Chief Executive Officer and Scott Robinson, Chief Financial Officer. The Tuesday, November 22 presentation is marketed to Halifax, Nova Scotia and surrounding areas and will feature special guest presenter, Jim Crouse, President of Capstone Engineered Solutions along with Scott Robinson.

Capstone welcomes all stakeholders, investors, and other interested individuals to register and attend this live event.

The investor presentation will be followed by a live Q&A. Investors interested in participating in this event will need to register using the links below. As a reminder, registration for the live event may be limited and access to the replay after the event will be on the Investor Relations section of the Company's website.

Monday, November 21 at 1:00 p.m. PT
Register Here: https://bit.ly/CGRNvndrNov21

Tuesday, November 22 at 2:00 p.m. ET
Register Here: https://bit.ly/CGRNvndrNov22

To ensure smooth connectivity, please access this link using the latest version of Google Chrome.

About Capstone Green Energy

Capstone Green Energy (NASDAQ: CGRN) is a leading provider of customized microgrid solutions and on-site energy technology systems focused on helping customers around the globe meet their environmental, energy savings, and resiliency goals. Capstone Green Energy focuses on four key business lines. Through its Energy as a Service (EaaS) business, it offers rental solutions utilizing its microturbine energy systems and battery storage systems, comprehensive Factory Protection Plan (FPP) service contracts that guarantee life-cycle costs, as well as aftermarket parts. Energy Generation Technologies (EGT) are driven by the Company's industry-leading, highly efficient, low-emission, resilient microturbine energy systems offering scalable solutions in addition to a broad range of customer-tailored solutions, including hybrid energy systems and larger frame industrial turbines. The Energy Storage Solutions (ESS) business line designs and installs microgrid storage systems creating customized solutions using a combination of battery technologies and monitoring software. Through Hydrogen & Sustainable Products (H2S), Capstone Green Energy offers customers a variety of hydrogen products, including the Company's microturbine energy systems.

To date, Capstone has shipped over 10,000 units to 83 countries and estimates that in FY22, it saved customers over $213 million in annual energy costs and approximately 388,000 tons of carbon. Total savings over the last four years are estimated to be approximately $911 million in energy savings and approximately 1,503,100 tons of carbon savings.

For customers with limited capital or short-term needs, Capstone offers rental systems; for more information, contact: This email address is being protected from spambots. You need JavaScript enabled to view it..

For more information about the Company, please visit www.CapstoneGreenEnergy.com. Follow Capstone Green Energy on Twitter, LinkedIn, Instagram, Facebook, and YouTube.

About Renmark Financial Communications Inc.

Founded in 1999, Renmark Financial Communications Inc. is North America's leading retail investor relations firm. Employing a strategic and comprehensive mix of exposure tactics; Renmark hosts Virtual Non-Deal Roadshows as well as in-person corporate presentations and maintains daily communications with thousands of brokers and money managers across Canada and the United States. Renmark empowers its publicly traded clientele to maximize their visibility within the financial community and strengthen their investor audience.

Renmark Financial Communications Inc.
Scott Logan: This email address is being protected from spambots. You need JavaScript enabled to view it.
Tel: (416) 644-2020 or (212) 812-7680
www.renmarkfinancial.com

Capstone Green Energy
Investor and investment media inquiries:
818-407-3628
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DUBLIN--(BUSINESS WIRE)--The "Copper Alloy Wire Market Research Report by Type, Applications, Region - Global Forecast to 2027 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.

The Global Copper Alloy Wire Market is projected to grow with a significant CAGR in the forecast period. Economic development and substantial infrastructure development have constituted regional revenue generation.

Further, the patterns associated with domestic production, import and export, and consumption have helped market participants to analyze and capitalize on potential opportunities. Besides, the qualitative and quantitative parameters provided in the report with detailed analysis highlights the driving and restraining factors of the Global Copper Alloy Wire Market.

Market Statistics:

The report provides market sizing and forecast across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF. It helps organization leaders make better decisions when currency exchange data is readily available. In this report, the years 2018 and 2020 are considered as historical years, 2021 as the base year, 2022 as the estimated year, and years from 2023 to 2027 are considered as the forecast period.

Competitive Strategic Window:

The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix evaluates and categorizes the vendors in the Copper Alloy Wire Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Market Share Analysis:

The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on the market offered by the key players

2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets

3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments

4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players

5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

1. What is the market size and forecast of the Global Copper Alloy Wire Market?

2. What are the inhibiting factors and impact of COVID-19 shaping the Global Copper Alloy Wire Market during the forecast period?

3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Copper Alloy Wire Market?

4. What is the competitive strategic window for opportunities in the Global Copper Alloy Wire Market?

5. What are the technology trends and regulatory frameworks in the Global Copper Alloy Wire Market?

6. What is the market share of the leading vendors in the Global Copper Alloy Wire Market?

7. What modes and strategic moves are considered suitable for entering the Global Copper Alloy Wire Market?

Market Dynamics

Drivers

• Growing communication and electrical & electronics industries
• Rising demand of copper alloy wire from the transportation industry
• Increasing number of renewable energy installations

Restraints

• Availability of substitute products

Opportunities

• Availability of huge number of alloys combination and focus on e-mobility
• Developments in subscriber line and asymmetrical subscriber line technologies

Challenges

• Strict air quality standards for copper smelters

Companies Mentioned

• Alloy Wire International
• Aviva Metals Inc.
• Chaplin Bros Birmingham Ltd.
• CK SAN ETSU Co., Ltd.
• Deutsche Nickel GmbH
• Diehl Stiftung & Co.KG
• Furukawa Electric Co., Ltd.
• International Bron Metal S.A.
• Jelliff
• JLC Electromet Pvt. Ltd.
• Kamman Group
• Knight Group
• Little Falls Alloys Inc
• Metals United Alloys & Fusion Products Ltd.
• Mitsubishi Materials Corporation
• RCI Industries and Technologies Ltd.
• Saru Precision Wires Pvt. Ltd.
• Ulbrich Stainless Steels and Special Metals Inc.
• Wieland Werke AG
• YAMAKIN Co., Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/s8gmp0

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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List of the top early Solo Stove fire pit deals for Black Friday 2022, featuring sales on Solo Stove pizza ovens, grills, camp stoves, accessories & more

BOSTON--(BUSINESS WIRE)--Here’s our guide to the top early Solo Stove deals for Black Friday, including deals on Solo Stove Bonfire, Yukon, Ranger & Mesa fire pits and more. Links to the top deals are listed below.

Best Solo Stove Fire Pit Deals:

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Andy Mathews (This email address is being protected from spambots. You need JavaScript enabled to view it.)