PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB) announced today a rail industry first as its FLXdrive battery-electric locomotive delivered more than an 11-percent average reduction in fuel consumption and greenhouse gas emissions for an entire train. It is the equivalent of over 6,200 gallons of diesel fuel saved and approximately 69 tons of CO2 emissions reduced.
These outcomes are the result of a three-month pilot with BNSF Railway, the largest railroad in the U.S., where the FLXdrive, the world’s first 100-percent battery locomotive, was put to the test in revenue service across more than 13,320 miles of hilly terrain in San Joaquin Valley, California – a territory surrounded by mountains. The region is classified as a non-attainment area, where the air quality is worse than the National Ambient Air Quality Standards.
“The FLXdrive battery-electric locomotive is a defining moment for freight rail and will accelerate the industry toward low- to zero-emission locomotives,” said Eric Gebhardt, Wabtec Chief Technology Officer. “It builds upon the rail industry’s position as the most efficient and sustainable mode of transportation. Building on our long history of pioneering train energy management technologies, this demonstration of coupling 2.4 megawatt hours of battery storage into the mix fully validated our assumptions for the potential for this next generation technology to further drive efficiencies and greenhouse gas reductions. At more than 6 megawatt hours, Wabtec’s next version of FLXdrive technology will have an opportunity to reduce fuel consumption and emissions by up to 30 percent – putting the industry on the cusp of a once-in-a-generation improvement in energy savings and emission reductions.”
The California pilot program was part of a $22.6 million grant from the California Air Resource Board awarded to Wabtec, BNSF and the San Joaquin Valley Air Pollution Control District. The 430,000-pound FLXdrive in the pilot boasts 18,000 lithium-ion battery cells. The battery locomotive charged at the rail yard and recharged during the trip through regenerative braking. The FLXdrive manages the overall train energy flow and distribution through its Trip Optimizer system, an intelligent cruise control system programmed through artificial intelligence to respond to every twist and grade of the track in the most energy-efficient way possible.
Wabtec’s next step is to build a second-generation locomotive with a battery capacity of more than 6 megawatt hours – a level of energy that can reduce a locomotive consist’s fuel consumption and carbon emissions by up to 30 percent, even while hauling several thousand tons of freight in a mile-long train. A fleet of second-generation FLXdrives will be commercialized and could enter supply chain routes in the next few years.
Wabtec’s goal is to develop the next generation of zero-emission locomotives. The company has a clear path to power new locomotives – and repower existing locomotives – with batteries, hydrogen internal combustion engines, and hydrogen fuel cells. It is part of Wabtec’s vision for the rail industry to play a key role in building a clean energy economy and reduce carbon emissions globally by up to 300 tons per year.
About Wabtec Corporation
Wabtec Corporation is a leading global provider of equipment, systems, digital solutions and value-added services for freight and transit rail. Drawing on nearly four centuries of collective experience across Wabtec, GE Transportation and Faiveley Transport, the company has unmatched digital expertise, technological innovation, and world-class manufacturing and services, enabling the digital-rail-and-transit ecosystems. Wabtec is focused on performance that drives progress, creating transportation solutions that move and improve the world. The freight portfolio features a comprehensive line of locomotives, software applications and a broad selection of mission-critical controls systems, including Positive Train Control (PTC). The transit portfolio provides highly engineered systems and services to virtually every major rail transit system around the world, supplying an integrated series of components for buses and all train-related market segments that deliver safety, efficiency and passenger comfort. Along with its industry-leading portfolio of products and solutions for the rail and transit industries, Wabtec is a leader in mining, marine, and industrial solutions. Based in Pittsburgh. Visit: www.WabtecCorp.com
Media Contacts:
Tim Bader
682-319-7925
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FORT WORTH, Texas--(BUSINESS WIRE)--Basic Energy Services, Inc. (OTCQX: BASX) (“Basic” or the “Company”) today announced that the termination date in the existing Forbearance Agreement with its ABL lenders and the existing Ascribe Consent Letter has been extended to May 23, 2021, and that the lenders under its recently announced Super Priority Credit Agreement have agreed to extend the maturity date of that agreement to May 23, 2021 (in each case, with corresponding adjustments to certain interim milestones contained therein). In addition, Basic also announced that it had entered into agreements with the holders of more than 90% of its $347,500,000 10.75% Senior Secured Notes due 2023 and with the required lenders under the Super Priority Credit Agreement to forbear until May 23, 2021 from enforcing their respective rights and remedies arising as a result of, among other things, the Company’s continuing failure to make the April 15, 2021 interest payment due on the Senior Secured Notes. The extensions and forbearances to May 23, 2021 are subject to the terms and conditions of the relevant agreements.
Basic remains in continuing discussions with the holders of the Company’s Senior Secured Notes and other indebtedness regarding strategic alternatives to improve Basic’s capital structure.
About Basic Energy Services
Basic Energy Services provides wellsite services essential to maintaining production from the oil and gas wells within its operating areas. The Company’s operations are managed regionally and are concentrated in major United States onshore oil-producing regions located in Texas, California, New Mexico, Oklahoma, Arkansas, Louisiana, Wyoming, North Dakota, Colorado and Montana. Our operations are focused in prolific basins that have historically exhibited strong drilling and production economics in recent years as well as natural gas-focused shale plays characterized by prolific reserves. Specifically, the Company has a significant presence in the Permian Basin, Bakken, Los Angeles and San Joaquin Basins, Eagle Ford, Haynesville and Powder River Basin. We provide our services to a diverse group of over 2,000 oil and gas companies. Additional information on Basic Energy Services is available on the Company’s website at www.basices.com.
Safe Harbor Statement
This release includes “forward-looking statements” within the meaning of the federal and securities laws. Forward-looking statements are not statements of historical fact and reflect Basic’s current views about future events. The words “believe,” “estimate,” “expect,” “anticipate,” “project,” “intend,” “seek,” “could,” “should,” “may,” “potential” and similar expressions are intended to identify forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. Although Basic believes the expectations reflected in its forward-looking statements are reasonable and are based on reasonable assumptions and estimates, certain risks and uncertainties could cause actual results to differ materially from the projections, anticipated results or other expectations expressed in this release. These risks and uncertainties include without limitation, risks associated with a future closing of the transaction and settlement of the holdback described therein and the satisfaction of the conditions thereto. Additional important risk factors that could cause actual results to differ materially from expectations are disclosed in Item 1A of the Company’s most recent Annual Report on Form 10-K and other filings with the Securities and Exchange Commission. While Basic makes these statements and projections in good faith, neither Basic nor its management can guarantee that the transactions will be consummated or that anticipated future results will be achieved. Any forward-looking statement speaks only as of the date on which such statement is made and Basic assumes no obligation to publicly update or revise any forward-looking statements made herein or any other forward-looking statements made by Basic, whether as a result of new information, future events, or otherwise, except as required by applicable law.
Trey Stolz
Director of Financial Planning & Analysis
Basic Energy Services, Inc.
817-334-4100
HOUSTON--(BUSINESS WIRE)--Sunnova Energy International, Inc. (“Sunnova”) (NYSE: NOVA) today announced that it intends to offer, subject to market conditions, $500 million aggregate principal amount of convertible senior notes due 2026 (the “notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Sunnova also intends to grant the initial purchasers of the notes the option to purchase up to an additional $75 million aggregate principal amount of the notes within a 13-day period beginning on, and including, the date on which the notes are first issued.
The notes will be senior, unsecured obligations of Sunnova and will accrue interest payable semiannually in arrears on June 1 and December 1 of each year, beginning on December 1, 2021. The notes will mature on December 1, 2026, unless earlier converted, redeemed or repurchased. The notes will be convertible into cash, shares of Sunnova’s common stock, par value $0.0001, or a combination of cash and shares of Sunnova’s common stock, at Sunnova’s election. The interest rate, initial conversion rate and other terms of the notes will be determined at the time of pricing of the offering.
Sunnova intends to allocate a portion of the net proceeds from the offering to repay outstanding debt, for other general corporate purposes, and to finance or refinance, in whole or in part, recently completed, pending or future Eligible Green Projects. “Eligible Green Projects” include expenditures for renewable energy and energy efficiency. Pending the allocation of any amounts to any Eligible Green Project, we will temporarily hold the allocated proceeds for Eligible Green Projects, at our own discretion, in cash or cash equivalents or other short-term marketable instruments, or repay existing indebtedness, consistent with our investment policy and capital allocation framework. In addition, Sunnova intends to use a portion of the net proceeds from the offering to pay the cost of the capped call transactions described below.
In connection with the pricing of the notes, Sunnova expects to enter into capped call transactions (the “capped call transactions”) with one or more of the initial purchasers or their respective affiliates and/or other financial institutions (the “option counterparties”). The capped call transactions are expected generally to reduce the potential dilution to Sunnova’s common stock upon any conversion of notes and/or offset any cash payments Sunnova is required to make in excess of the principal amount of converted notes, as the case may be, with such reduction and/or offset subject to a cap. If the initial purchasers exercise their option to purchase additional notes, Sunnova expects to enter into additional capped call transactions with the option counterparties.
In connection with establishing their initial hedge of the capped call transactions, Sunnova expects the option counterparties or their respective affiliates to purchase shares of Sunnova’s common stock and/or enter into various derivative transactions with respect to Sunnova’s common stock concurrently with or shortly after the pricing of the notes. These activities could increase (or reduce the size of any decrease in) the market price of Sunnova’s common stock or the notes at that time.
In addition, the option counterparties or their respective affiliates may modify their hedge positions by entering into or unwinding various derivatives with respect to Sunnova’s common stock and/or purchasing or selling Sunnova’s common stock or other securities of Sunnova in secondary market transactions following the pricing of the notes and prior to the maturity of the notes (and are likely to do so on each exercise date for the capped call transactions, which are expected to occur on each trading day during the 30 trading day period beginning on the 31st scheduled trading day prior to the maturity date of the notes, or following any termination of any portion of the capped call transactions in connection with any repurchase, redemption or early conversion of the notes). This activity could also cause or avoid an increase or a decrease in the market price of Sunnova’s common stock or the notes, which could affect the ability of noteholders to convert the notes and, to the extent the activity occurs during any observation period related to a conversion of notes, it could affect the amount and value of the consideration that a noteholder will receive upon conversion of its notes.
Neither the notes, nor any shares of Sunnova’s common stock issuable upon conversion of the notes, have been, nor will be, registered under the Securities Act or any state securities laws and, unless so registered, such securities may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and other applicable securities laws.
This press release is neither an offer to sell nor a solicitation of an offer to buy any securities, nor shall it constitute an offer, solicitation or sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.
FORWARD LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events or Sunnova’s future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as “may,” “will,” “should,” “expect,” “plan,” “anticipate,” “going to,” “could,” “intend,” “target,” “project,” “contemplates,” “believe,” “estimate,” “predict,” “potential” or “continue” or the negative of these words or other similar terms or expressions that concern Sunnova’s expectations, strategy, priorities, plans or intentions. Forward-looking statements in this press release include, but are not limited to, statements regarding the expectations in connection with the offering, the size and terms of the offering and the use of proceeds from the offering. Sunnova’s expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including risks regarding our ability to forecast our business due to our limited operating history, the effects of the coronavirus pandemic on our business and operations, results of operations and financial position, our competition, fluctuations in the solar and home-building markets, availability of capital, our ability to attract and retain dealers and customers and our dealer and strategic partner relationships. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in Sunnova’s filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2020 and our Quarterly Report on Form 10-Q for the quarter ended March 31, 2021. The forward-looking statements in this press release are based on information available to Sunnova as of the date hereof, and Sunnova disclaims any obligation to update any forward-looking statements, except as required by law.
ABOUT SUNNOVA
Sunnova Energy International Inc. (NYSE: NOVA) is a leading residential solar and energy storage service provider with customers across the U.S. and its territories. Sunnova’s goal is to be the source of clean, affordable and reliable energy with a simple mission: to power energy independence so that homeowners have the freedom to live life uninterrupted®.
Investor Relations:
Rodney McMahan, Vice President Investor Relations
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281.971.3323
MEDIA CONTACT
Alina Eprimian, Media Relations Manager
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CLEVELAND--(BUSINESS WIRE)--Flexjet LLC, a global leader in fractional private jet travel, today announced that it has achieved carbon-neutral flight operations through its partnership with 4AIR, the first and only rating system focused on comprehensive sustainability in private aviation. Since January 2021, Flexjet has been purchasing credits to offset carbon emissions from all flights booked by its US-based Owners. With 4AIR’s expertise and assistance, Flexjet’s verified credits will fund carbon offset projects which will negate the impact of emissions generated by its aircraft at no additional expense to its Owners.
“Flexjet has long been on the leading edge of applying innovation to its operations, and our partnership with 4AIR brings that same spirit to protecting the environment,” said Flexjet Chief Executive Officer Michael Silvestro. “In supporting carbon offset projects around the world, Flexjet can offer peace of mind that today’s efforts are having an immediate positive impact on the environment.”
While some major private aviation providers have put the financial burden of carbon offsets on their customers, Flexjet is taking on that financial responsibility. In fact, in January, Flexjet began offsetting 100% of the CO2 emissions from all of its US-based aircraft for its Owners - including emissions from the company’s internal airline, Project Lift, which transports Flexjet pilots to their flight assignments.
This offset program is being done without any additional expense to Flexjet Owners. The company is on track to offset 400,000 metric tons of carbon by the end of 2021. This action results in immediate impact on the environment, not in some future decade.
And because Flexjet considers sustainable aviation fuel (SAF) to be an important piece of the global warming solution puzzle, the company is working with 4AIR to offer Owners the option of upgrading their sustainability commitment by using SAF for their flights where it is available.
Through offsetting all flights and offering SAF, Flexjet has taken immediate steps to minimize Owners’ impact on the environment while enabling them to support the technologies of tomorrow's sustainability.
The industry-leading verified offsets purchased through 4AIR support a half-dozen projects including solar, wind and forestry initiatives. One example is the Cookstove Project in Rwanda, which distributes fuel-efficient cookstoves to families living in rural Rwandan communities who cook over open fires inside their homes. Using these stoves instead of open fires, the families will reduce the amount of wood and coal consumed, reduce the time they must spend collecting the fuel (in some cases hours each day), reduce the dangerous air pollutants released into their homes and reduce carbon dioxide production – a leading cause of global warming.
Flexjet selected 4AIR to manage the offsets, standards, verification, validation and retirement of carbon credits through the most respected and international leading bodies that issue and register credits.
The 4AIR rating framework offers benchmarks that are aligned with industrywide carbon reduction goals and consistent with international standards. The framework offers various levels, each with specific, science-based goals, independently verified results and progressively greater impacts on sustainability. For 2021, Flexjet has committed to the 4AIR Bronze level, under which its flight operations will be carbon-neutral by offsetting all of its carbon dioxide (CO2) emissions with verified carbon offset credits.
About Flexjet
Flexjet first entered the fractional jet ownership market in 1995. Flexjet offers fractional jet ownership and leasing. Flexjet’s fractional aircraft program is the first in the world to be recognized as achieving the Air Charter Safety Foundation’s Industry Audit Standard, is the first and only company to be honored with 22 FAA Diamond Awards for Excellence, upholds an ARG/US Platinum Safety Rating and is IS-BAO compliant at Level 2. Flexjet’s fractional program fields an exclusive array of business aircraft—some of the youngest in the fractional jet industry, with an average age of approximately six years. In 2015, Flexjet introduced Red Label by Flexjet, which features the youngest fleet in the industry, flight crews dedicated to a single aircraft and the LXi Cabin Collection of interiors. To date there are more than 40 different interior designs across its fleet, which includes the Embraer Phenom 300, Legacy 450 and Praetor 500, Bombardier Challenger 350, the Gulfstream G450, G500, G650 and G700, and the Aerion AS2 supersonic business jets. Flexjet is a member of the Directional Aviation family of companies. For more details on innovative programs and flexible offerings, visit www.flexjet.com or follow us on Twitter @Flexjet and on Instagram @FlexjetLLC.
About the 4AIR Rating Program
The 4AIR Rating – the first and only rating system focused on comprehensive sustainability in private aviation, taking you beyond carbon neutrality – offers understandable benchmarks that are aligned with industrywide goals and consistent with international standards. This allows private aviation users to evaluate the comprehensiveness of their own sustainability program or that of the private aviation sustainability programs available on the market. 4AIR’s framework offers four increasingly progressive levels:
4AIR Bronze: Carbon-Neutral
4AIR Bronze allows participants to be carbon-neutral by offsetting all of their carbon dioxide (CO2) emissions with verified carbon offset credits.
4AIR Silver: Emissions-Neutral
Two-thirds of an aircraft’s environmental impact comes from non-carbon dioxide warming pollutants such as water vapor, soot and contrails. 4AIR Silver enables participants to be fully emissions-neutral, compensating for non-CO2 impacts with verified offsets.
4AIR Gold: Emissions Reduction
4AIR Gold allows participants to go beyond emissions neutrality to actually reducing emissions by at least 5 percent through solutions such as using Sustainable Aviation Fuel (SAF) or purchasing SAF credits through 4AIR.
4AIR Platinum: Climate Champion
4AIR Platinum allows participants to support new technologies in aviation with a contribution to the Aviation Climate Fund, aimed at supporting research and development in aviation sustainability.
About 4AIR
4AIR is an industry pioneer offering sustainability solutions beyond just simple carbon neutrality. Its industry-first framework seeks to address climate impacts of all types and provides a simplified and verifiable path for private aviation industry participants to achieve meaningful aircraft emissions counteraction and reduction.
The 4AIR framework offers four levels, each with specific, science-based goals, independently verified results and progressively greater impacts on sustainability that make it easy for private aviation users to pursue sustainability through access to carbon markets, use of Sustainable Aviation Fuel, support for new technologies and other strategies.
All carbon credits through 4AIR are quantified and verified through the most respected and international leading bodies that issue and register credits, including the American Carbon Registry, Climate Action Reserve, Verified Carbon Standard (VERRA) and The Gold Standard. Additionally, end-of-year commitment audits are independently verified by third parties. 4AIR also serves the demand signal working groups with the World Economic Forum’s Clean Skies for Tomorrow Coalition.
For more information, visit us at www.4air.aero.
Nicholas Parmelee
The Hubbell Group, Inc.
216-406-5602 (mobile)
781-878-8882 (office)
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HOUSTON--(BUSINESS WIRE)--Enterprise Products Partners L.P. (NYSE: EPD) announced today it will host investor meetings at the Energy Infrastructure Council (“EIC”) Investor Conference Tuesday, May 18, 2021 through Thursday, May 20, 2021 in Las Vegas.
A copy of the slides used in the meetings will be available at 8:00 a.m. ET Tuesday, May 18 and may be accessed on the Enterprise website at www.enterpriseproducts.com under the Investors tab.
Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Our services include: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage and export and import terminals; crude oil gathering, transportation, storage and export and import terminals; petrochemical and refined products transportation, storage, export and import terminals and related services; and a marine transportation business that operates primarily on the United States inland and Intracoastal Waterway systems. The partnership’s assets include approximately 50,000 miles of pipelines; 260 million barrels of storage capacity for NGLs, crude oil, refined products and petrochemicals; and 14 Bcf of natural gas storage capacity. Please visit www.enterpriseproducts.com for more information.
Enterprise Contacts
Randy Burkhalter, Investor Relations, (713) 381-6812 or (866) 230-0745, This email address is being protected from spambots. You need JavaScript enabled to view it.
Rick Rainey, Media Relations, (713) 381-3635, This email address is being protected from spambots. You need JavaScript enabled to view it.
AMES, Iowa--(BUSINESS WIRE)--Renewable Energy Group (REG) (NASDAQ: REGI) is pleased to announce the issuance of its 2020 environmental, social and governance (ESG) report. In a year with so much disruption and hardship, the company felt it was more important than ever to support the environment, its employees and society.
“In 2020, REG was in the right place at the right time, providing essential clean energy to the transportation sector,” said REG President & CEO, CJ Warner. “As consumers and businesses are increasingly recognizing a responsibility to be a part of the energy transition, there is strong desire to act now. REG is making real and immediate carbon reductions and stands ready to grow and innovate in order to meet increasing demand.”
The new report details the company’s 2020 ESG performance. Highlights include:
COVID-19 Response
REG took early action in response to the pandemic, forming a COVID-19 Emergency Response Team in February 2020. Some of the many measures included:
Environmental Sustainability
REG took these precautions while continuing to produce high-quality, low-carbon biodiesel, renewable diesel and REG Ultra Clean® — fuels that allow customers to immediately reduce emissions and can be used in existing diesel engines. Areas of sustainable success in 2020 included:
Social Responsibility
In 2020, REG continued to build upon a company culture that values our employees, partners and communities by:
Forward-Looking Governance
REG also expanded its focus on governance in 2020 through initiatives with the Board of Directors and Senior Leadership Team. Highlights from 2020 include:
To learn more about REG environmental, social and governance efforts, read the 2020 report at regi.com.
About Renewable Energy Group
Renewable Energy Group, Inc. (NASDAQ: REGI) is leading the energy industry's transition to sustainability by transforming renewable resources into high-quality, cleaner fuels. REG is one of North America’s largest producer of biodiesel and an industry leading producer of renewable diesel. REG solutions are alternatives for petroleum diesel and produce significantly lower carbon emissions. REG utilizes a global integrated procurement, distribution and logistics network to operate 12 biorefineries in the U.S. and Europe. In 2020, REG produced 519 million gallons of cleaner fuel delivering over 4.2 million metric tons of carbon reduction. REG is meeting the growing global demand for lower-carbon fuels and leading the way to a more sustainable future.
Forward Looking Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to REG’s expectations regarding carbon reduction, market demands, our readiness to grow and innovate, the success and continuity of our ESG initiatives, the implementation of our downstream strategy, and statements regarding changes to our organizational structure and the potential impacts of changes to our senior leadership team and Board. These forward-looking statements are based on current expectations and assumptions, are subject to change, and actual results may differ materially. Factors that could cause actual results to differ materially are described in REG's annual report on Form 10-K for the year ended December 31, 2020, quarterly reports on Forms 10-Q and from time to time in the REG's other periodic filings with the SEC. All forward-looking statements are made as of the date of this press release and REG does not undertake to update any forward-looking statements based on new developments or changes in our expectations, except as required by law.
© 2021 Renewable Energy Group, Inc. All Rights Reserved.
Katie Stanley
Renewable Energy Group
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(515) 239-8184
TORONTO--(BUSINESS WIRE)--Superior Plus Corp. (TSX:SPB):
2021 Virtual Investor Day
Superior Plus Corp. (“Superior”) (TSX:SPB), one of the leading propane distributors in North America, today announced the Agenda and Registration details for its upcoming Investor Day, to be held virtually on Tuesday, May 25, 2021 at 1 PM EDT. During the event, members of the executive leadership team will provide an update on Superior’s markets and businesses, strategic transformational initiative, the Superior Way Forward, and future financial outlook.
The presentation will be broadcast live via webcast, with video and will be accessible by web browser. It will also be available on Superior’s website following the event.
Webcast attendees can pre-register to receive the web access information. Attendees may also register on the day of the event.
Event details:
2021 Investor Day – Superior Plus
May 25, 2021
Start: 01:00 p.m. Eastern Time (Toronto / New York)
Please click the registration link below to access the platform.:
https://onlinexperiences.com/Launch/QReg/ShowUUID=3EC7D901-BAE6-4FAE-9FEB-FA8AED30EE4A
Agenda
Welcome |
Rob Dorran, Vice President Investor Relations & Treasurer, Superior Plus |
|
Strategic Overview |
Luc Desjardins, President and Chief Executive Officer, Superior Plus |
|
M&A and Integration |
Inder Minhas, Senior Vice President, Mergers & Acquisitions, Superior Plus |
|
Canadian Retail Propane Distribution |
Rick Carron, Senior Vice President, Sales and Operations, Superior Propane |
|
U.S. Propane Distribution |
Andy Peyton, President, Superior Plus Propane |
|
Digital Strategy |
Rick Carron, Senior Vice President, Sales and Operations, Superior Propane |
|
North American Wholesale Propane Supply & Sales |
Shawn Vammen, Senior Vice President, Superior Gas Liquids |
|
Financial Strategy & Outlook |
Beth Summers, Executive Vice President and Chief Financial Officer, Superior Plus |
|
Environmental, Social & Governance |
Beth Summers, Executive Vice President and Chief Financial Officer, Superior Plus |
|
Wrap-Up Comments |
Luc Desjardins, President and Chief Executive Officer, Superior Plus |
About the Corporation
Superior is a leading North American distributor and marketer of propane and distillates and related products and services, servicing over 780,000 customer locations in the U.S. and Canada.
For further information about Superior, please visit Superior’s website at: www.superiorplus.com or contact: Beth Summers, Executive Vice President and Chief Financial Officer, Tel: (416) 340-6015, or Rob Dorran, Vice President, Investor Relations and Treasurer, Tel: (416) 340-6003, E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it., Toll Free: 1-866-490-PLUS (7587).
Beth Summers
Executive Vice President and Chief Financial Officer
Tel: (416) 340-6015
or
Rob Dorran
Vice President, Investor Relations and Treasurer
Tel: (416) 340-6003
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Toll Free: 1-866-490-PLUS (7587).
DUBLIN--(BUSINESS WIRE)--The "The Future of Caribbean LPG Supply and Demand, 2010- 2027 - Trends, Drivers, Challenges and Forecasts of LPG Production and Consumption under Current Market Dynamics" report has been added to ResearchAndMarkets.com's offering.
Caribbean LPG Outlook report provides detailed analysis and forecast of LPG consumption patterns and supply scenario in all key LPG markets in the Caribbean. Forecasts of production and demand of each of the LPG markets in the Caribbean are provided annually from 2010 to 2027.
Drivers and challenges of industry growth in each of the Caribbean countries are analyzed. Further, information on current refining capacity, refining complexity along planned refining infrastructure details are also provided in the Caribbean LPG outlook report.
Historic data is taken largely from government ministries and companies involved, ensuring the highest accuracy of the data. Further, forecasts are made through our sophisticated methodology considering current market conditions and future prospects. LPG Forecasts for each market are evaluated by in-house experts and also validated by industry professionals to ensure utmost accuracy and certainty.
The research work also provides information on leading refining companies in each country along with business profiles of three leading LPG suppliers in the region. All latest industry developments in Caribbean LPG are also provided in the report.
Scope
Key Topics Covered:
1 Table of Contents
1.1 List of Tables
1.2 List of Figures
2 Executive Summary
2.1 Caribbean Petroleum Products Supply scenario to 2027
2.1.1 Caribbean LPG Production Forecasts, 2010-2027
2.1.2 Caribbean Diesel/ Gas Oil Production Forecast, 2010-2027
2.1.3 Caribbean Motor Gasoline Production Forecast, 2010-2027
2.1.4 Caribbean Fuel Oil Production Forecast, 2010-2027
2.2 Caribbean Petroleum Products Demand scenario to 2027
2.2.1 Caribbean LPG Consumption Forecasts, 2010-2027
2.2.2 Caribbean Diesel/ Gas Oil Consumption Forecast, 2010-2027
2.2.3 Caribbean Motor Gasoline Consumption Forecast, 2010-2027
2.2.4 Caribbean Fuel Oil Consumption Forecast, 2010-2027
2.3 Caribbean Refining Industry Outlook
2.3.1 Caribbean Country wise Refining Capacity/CDU Outlook, 2010- 2023
2.3.2 Caribbean Coking Capacity Outlook, 2010- 2023
2.3.3 Caribbean Country wise Fluid Catalytic Cracking (FCC) Capacity Outlook, 2010- 2023
2.3.4 Caribbean Hydrocracking (HCC) Capacity Outlook, 2010- 2023
2.4 Caribbean LPG Supply-Demand Scenario, 2019
2.4.1 Caribbean LPG Production by Country, 2019
2.4.2 Caribbean LPG demand by Country, 2019
3 Aruba LPG Production and Consumption Outlook to 2027
3.1 Aruba LPG Production Forecasts, 2010-2027
3.2 Aruba LPG Demand Forecasts, 2010-2027
3.3 Aruba Refining Capacity Outlook by Refinery, 2010- 2023
3.4 Aruba Secondary Unit Refining Capacities Outlook, 2010- 2023
3.5 Aruba Refining Capacity by Company, 2010- 2023
3.6 Aruba LPG Industry Updates
3.7 Leading Refiners/Distributors of LPG/Petroleum Products in Aruba
4 Bahamas LPG Production and Consumption Outlook to 2027
5 Barbados LPG Production and Consumption Outlook to 2027
6 Cayman Islands LPG Production and Consumption Outlook to 2027
7 Cuba LPG Production and Consumption Outlook to 2027
8 Curacao LPG Production and Consumption Outlook to 2027
9 Dominica LPG Production and Consumption Outlook to 2027
10 Dominican Republic LPG Production and Consumption Outlook to 2027
11 Grenada LPG Production and Consumption Outlook to 2027
12 Guadeloupe LPG Production and Consumption Outlook to 2027
13 Haiti LPG Production and Consumption Outlook to 2027
14 Jamaica LPG Production and Consumption Outlook to 2027
15 Martinique LPG Production and Consumption Outlook to 2027
16 Puerto Rico LPG Production and Consumption Outlook to 2027
17 Saint Lucia LPG Production and Consumption Outlook to 2027
18 Saint Vincent and the Grenadines LPG Production and Consumption Outlook to 2027
19 Trinidad and Tobago LPG Production and Consumption Outlook to 2027
20 Virgin Islands LPG Production and Consumption Outlook to 2027
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DUBLIN--(BUSINESS WIRE)--The "OGA - Global Oil and Gas Subscription Services" newsletter has been added to ResearchAndMarkets.com's offering.
This report provides access to 11 databases including Exploration, Production, Refinery, LNG, Oil and Chemicals Storage, Pipelines, Market Intelligence, CAPEX, Tankers, small LNG and Trade.
Operational and planned infrastructure, trade analysis and competition across 100+ countries for each segment across the value chain is analyzed. The proprietary databases use a sophisticated forecast modelling methodology to provide comprehensive and reliable analysis for your decision making needs.
In addition to access to 11 databases, users will also receive 60+ country oil and gas reports, presenting detailed analysis of trends, drivers, challenges and unmet demand in each market to 2025. Amidst recovery from several challenges confronting the oil and gas industry, these reports presents detailed insights into critical short and long term factors set to shape the outlook.
Scope of Data and Analysis included in each database:
Key Benefits:
Key Topics Covered:
1. Exploration and Production
2. Refinery
3. LNG
4. Storage
5. Pipeline
6. CAPEX
7. Market Intelligence
8. Small LNG
9. Tankers
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Laura Wood, Senior Press Manager
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DUBLIN--(BUSINESS WIRE)--The "Photovoltaic Solar Power: United States" report has been added to ResearchAndMarkets.com's offering.
This report forecasts for 2020 to 2024 US utility-scale photovoltaic (PV) generating capacity and generating capacity net additions in watts. Generating capacity and generating capacity net additions are segmented by technology in terms of crystalline silicon (c-Si), and thin-film and other technologies.
To illustrate historical trends, total generating capacity, generating capacity net additions, and the various segments are provided in annual series from 2009 to 2019.
Residential and other non-utility-scale markets are excluded from the scope of this report. See Solar Roofing in the US for those products that serve as a structure's primary roofing material while also producing solar-generated electricity.
Key macroeconomic indicators are also provided with quantified trends. Other various topics, including profiles of pertinent leading companies, are covered in this report. A full outline of report items by page is available in the Table of Contents.
Sources
Photovoltaic Solar Power: United States (FF80042) represents the synthesis and analysis of data from various secondary, macroeconomic, and demographic sources, such as:
Key Topics Covered:
1. Highlights
2. Market Environment
3. Segmentation & Forecasts
4. Industry Structure
5. About this Report
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Provides students with access to leading E&P software to engage and prepare them for future energy careers
HOUSTON--(BUSINESS WIRE)--Halliburton Company (NYSE: HAL) today announced it awarded three multimillion-dollar educational software grants to Algerian public universities to train and prepare the next generation of Algerian oil and gas engineers and geoscientists. The schools include the University of Science and Technology Houari Boumediene (USTHB), University of Boumerdes (UMBB), and University of Ouargla (UKMO).
The three-year license provides students and faculty with access to Landmark’s DecisionSpace® enterprise software platform including seismic processing, geophysics and geosciences, drilling and production, and data management. Students will gain hands-on experience by applying their scientific coursework to real-world applications.
"We are proud to support these universities and to provide students with the opportunity to develop their skills using the industry’s latest technology," said Ahmed Helmy, vice president of the Algeria Area. "The grants demonstrate our commitment to growing local talent and in-country employment."
Many esteemed guests attended the ceremony including the honorable Egyptian Ambassador to Algeria Ayman Mousharafa, UMBB Dean of Faculty of Hydrocarbons & Chemistry Boujema Hamada, UKMO Professor Halilat Mohammed Tahar, Economic Attaché of the U.S. Embassy in Algeria Andrew Lederman, and Cultural Affairs Officer of the U.S. Embassy in Algeria Adam Sigelman.
Halliburton made the contributions through the Halliburton Landmark University Grants Program, which contributes renewable software licenses to qualified academic institutions. Through this program, Landmark, a Halliburton business line, contributes software to more than 200 universities worldwide to support teaching and research.
About Halliburton
Founded in 1919, Halliburton is one of the world's largest providers of products and services to the energy industry. With approximately 40,000 employees, representing 130 nationalities in more than 70 countries, the company helps its customers maximize value throughout the lifecycle of the reservoir – from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the asset. Visit the company’s website at www.halliburton.com. Connect with Halliburton on Facebook, Twitter, LinkedIn, Instagram and YouTube.
For Investors:
Abu Zeya
Investor Relations
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281-871-2688
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Erin Fuchs
External Affairs
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281-871-2601
Gautam Borooah Hired as Chief Marketing Officer, Regional General Manager Florida; Ifen Carlson Named Chief Strategy Officer
PETALUMA, Calif.--(BUSINESS WIRE)--Ygrene, the nation’s leading Property Assessed Clean Energy (PACE) provider, today announced that it has hired Gautam Borooah as Chief Marketing Officer and Regional General Manager for Florida and named Ifen Carlson as Chief Strategy Officer, a new position at the Company. These appointments will accelerate growth and deliver on the promise of providing accessible and affordable property improvement financing for home and business owners in communities across the U.S.
Mr. Borooah will bring his extensive experience in marketing and consumer finance to lead Marketing and Ygrene’s Florida Residential business. Gautam joins Ygrene after 16 years at Synchrony Financial/GE Capital, where he led award winning programs for multiple high-value partners like Sam’s Club and HBC (Canada). Gautam also led an $11 billion portfolio of middle market clients in the home improvement, HVAC, home furnishing, power sports, luxury, and other lifestyle industries. Gautam was recruited to GE Capital after 8 years in Citigroup across multiple Product Management and Marketing roles, to engineer GE’s entry into the Home Equity market.
After growing Ygrene’s direct-to-consumer, marketing analytics, and contractor co-marketing capabilities, Ms. Carlson will now be responsible for the company’s Strategic Initiatives and Analytics. Ifen will also continue to lead the California Residential business - which includes the development and launch of new products.
“It’s an exciting time to be at Ygrene. We continue to experience strong momentum in our business as we deliver on our mission to provide property owners with access to affordable financing for energy efficiency and resiliency upgrades to their most important assets -- their homes and businesses. We welcome Gautam to the Ygrene team and are confident that his experience, perspective and decades of success in building brands and fueling growth in the consumer and home finance space will make an immediate difference for our business. And we are equally excited to appoint Ifen, our former Chief Marketing Officer, to the newly created position of Chief Strategy Officer. Since joining Ygrene, Ifen has played a critical role on our Executive Management Committee, leading marketing initiatives to grow our core business, as well as tracking analytics to help strengthen our products and programs across the country,” said Jim Reinhart, CEO and President of Ygrene.
Ms. Carlson joined Ygrene in 2017 and brings a wealth of experience in marketing, financial services, and analytics. She’s held leadership roles at Arnold Advertising, Bain & Co., and HSBC. Prior to joining Ygrene, she served as the lead analytics officer at Visa for North America consumer credit and debit products. Ifen has a BS in Communication from Boston University and an MBA from Kellogg School of Management at Northwestern University.
Mr. Borooah has an MBA (Beta Gamma Sigma), with concentrations in Marketing and Finance, from the Rochester Institute of Technology and a Bachelor of Commerce, with Honors in Financial Accounting, from St. Xavier’s College in Calcutta, India.
About Ygrene
Ygrene provides access to home improvement financing to property owners seeking to make repairs or improvements – particularly when a homeowner needs it the most: furnaces in cold snaps, air conditioning during sweltering summers, and roof replacements during the rainy season. Since inception, Ygrene has created more than 45,000 jobs and created more than $5.1 billion in local economic stimulus – all without public funding– and saved property owners over $1.8 billion in insurance costs over the lifetime of their improvements. We are equally proud of our commitment to protect the environment, installing more than 114 megawatts of clean solar energy and reducing carbon emissions by more than 2.2 million metric tons, the equivalent of taking more than 478,000 cars off the road for a year.
Ygrene's award-winning PACE program, with built-in consumer protections, is delivering greater choice for home and business owners by providing accessible and affordable financing for energy efficiency, resiliency, renewables, water conservation, storm protection, and seismic upgrades. Recognized as one of the fastest-growing asset classes in the country, PACE has proven to be a successful tool for supporting public policy initiatives, all without the use of public tax dollars or credits. By providing over $2.6 billion of private capital to more than 550 local communities, Ygrene has created tens of thousands of jobs and invested millions into local economies across the U.S. Learn more at ygrene.com.
Katie Russo
ThroughCo Communications
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501-282-5069
PLANO, Texas--(BUSINESS WIRE)--Denbury Inc. (NYSE: DEN) (“Denbury” or the “Company”) today announced that Chris Kendall, President and Chief Executive Officer, will participate in a virtual fireside chat at the UBS Global Energy Virtual Conference on Wednesday, May 26, 2021, at 12:00 p.m. Central Time (1:00 p.m. Eastern Time). Mr. Kendall and other members of senior management will also participate in virtual meetings with investors. Supplemental corporate materials for the conference will be posted to the Company’s website the morning of Tuesday, May 25, 2021, and a link to the live webcast of the fireside chat will be available in the Investor Relations section of the Company’s website at www.denbury.com.
Denbury is an independent energy company with operations and assets focused on Carbon Capture, Use and Storage (CCUS) and Enhanced Oil Recovery (EOR) in the Gulf Coast and Rocky Mountain regions. For over two decades, the Company has maintained a unique strategic focus on utilizing CO2 in its EOR operations and since 2012 has also been active in CCUS through the injection of captured industrial-sourced CO2. The Company currently injects over three million tons of captured industrial-sourced CO2 annually, and its objective is to fully offset its Scope 1, 2, and 3 CO2 emissions within this decade, primarily through increasing the amount of captured industrial-sourced CO2 used in its operations. For more information about Denbury, visit www.denbury.com.
DENBURY CONTACTS:
Brad Whitmarsh, Executive Director, Investor Relations, 972.673.2020, This email address is being protected from spambots. You need JavaScript enabled to view it.
Susan James, Manager, Investor Relations, 972.673.2593, This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "Naphthalene Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The market for naphthalene is expected to register a CAGR of over 3% during the forecast period.
One of the key factors driving the market is the growing use of NSF (Naphthalene Sulfonate Formaldehyde) in concrete admixtures. However, the stringent regulations regarding VOC emissions are likely to restrain the market during the forecast period.
Companies Mentioned
Key Market Trends
Naphthalene Sulfonates to be the Major Application
Asia-Pacific to Dominate the Market
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Growing Use as NSF in Concrete Admixtures
4.1.2 Growing Use in Textile Industry
4.2 Restraints
4.2.1 Stringent Environmental Regulations regarding VOC emissions
4.2.2 Other Restraints
4.3 Industry Value-Chain Analysis
4.4 Porter's Five Forces Analysis
5 MARKET SEGMENTATION
5.1 Source
5.1.1 Coal Tar
5.1.2 Petroleum
5.2 Application
5.2.1 Phthalic Anhydride
5.2.2 Naphthalene Sulfonates
5.2.3 Low-Volatility Solvents
5.2.4 Moth Repellent
5.2.5 Pesticides
5.2.6 Other Applications
5.3 Geography
5.3.1 Asia-Pacific
5.3.1.1 China
5.3.1.2 India
5.3.1.3 Japan
5.3.1.4 South Korea
5.3.1.5 ASEAN Countries
5.3.1.6 Rest of Asia-Pacific
5.3.2 North America
5.3.2.1 United States
5.3.2.2 Canada
5.3.2.3 Mexico
5.3.3 Europe
5.3.3.1 Germany
5.3.3.2 France
5.3.3.3 United Kingdom
5.3.3.4 Italy
5.3.3.5 Rest of the Europe
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle-East and Africa
5.3.5.1 Saudi Arabia
5.3.5.2 South Africa
5.3.5.3 Rest of Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Bengal Chemicals & Pharmaceuticals Ltd.
6.4.2 CarbonTech Group
6.4.3 Compro Shijiazhuang Fine Chemical Co. Ltd
6.4.4 DEZA a.s
6.4.5 Epsilon Carbon
6.4.6 Exxon Mobil Corporation
6.4.7 Gautam Zen International
6.4.8 Industrial Quimica del Nalon SA
6.4.9 JFE Chemical Corporation
6.4.10 Koppers Inc.
6.4.11 Merck KGaA
6.4.12 PCC Rokita SA
6.4.13 Rain Carbon Inc.
6.4.14 Tulstar Products Inc.
6.4.15 Wuxi Kingchan Bio-medical and Chemical Inc.
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 New Applications in the Construction Sector
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SERIES E FUNDS WILL ACCELERATE LICENSING STRATEGY
CAMBRIDGE, Mass.--(BUSINESS WIRE)--#EVs--24M announced today it has raised a $56.8 million Series E to commercialize its simple, capital-efficient, low-cost SemiSolidTM manufacturing process and expand its technology development programs for grid storage and electric vehicle applications.
The financing was led by global trading company ITOCHU Corporation and as a part of the financing, Hiroaki Murase, General Manager of the Sustainable Energy Business Department, of ITOCHU will join 24M’s Board of Directors. Also participating in the round were new investors Fujifilm Corporation and Mirai Creation Fund II along with previous investors, including Kyocera Corporation, Global Power Synergy Public Company Ltd (GPSC) and North Bridge Venture Partners.
24M’s innovative SemiSolidTM manufacturing platform delivers market-leading price-performance. SemiSolidTM electrodes use no binder, mixing electrolyte with active materials to form a clay-like slurry with unique attributes. As a result, the 24M process eliminates the need for a significant amount of inactive materials and capital-intensive processes like drying and electrolyte filling, thus dramatically reducing manufacturing cost.
“We, along with our licensee partners, have made tremendous progress commercializing the SemiSolidTM platform over the past year,” said Naoki Ota, President and CEO of 24M. “During that time we have been able to substantially improve the performance and safety of our cells while our license partners, Kyocera and GPSC, have expanded their commercial operations.”
“We continue to see rapidly increasing demand for lithium-ion batteries due to accelerating growth in electric vehicles and renewable energy, and the SemiSolidTM platform offers the best combination of cost and performance to address that need,” said Hiroaki Murase. “Through this investment and our ongoing partnership with 24M, ITOCHU will continue its activities to find partners to rapidly expand the global production of SemiSolidTM lithium-ion batteries.”
About 24M
24M answers the world’s need for affordable energy storage by enabling a new, more cost-effective solution — SemiSolid™ lithium-ion technology. By re-inventing the design of the battery cell as well as the manufacturing method, 24M solves the critical, decades-old challenge associated with the world’s preferred energy storage chemistry: reducing its high cost while improving its safety, reliability and performance. Founded and led by some of the battery industry’s foremost inventors, scientists and entrepreneurs, 24M is headquartered in Cambridge, Mass. For more information, please visit www.24-m.com.
24M
Pang Tan, VP of Business Development
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Report details company’s environmental, social and governance impact in helping build a better planet
SANTA ROSA, Calif.--(BUSINESS WIRE)--$KEYS #CSR--Keysight Technologies, Inc. (NYSE: KEYS), a leading technology company that delivers advanced design and validation solutions to help accelerate innovation to connect and secure the world, has released its 2020 Corporate Social Responsibility (CSR) Report detailing the company's environmental sustainability, social impact and ethical governance initiatives worldwide. In this report, Keysight describes its 2020 crisis response efforts, reports results of its first set of CSR key impact goals, announces new goals with focus areas in net zero emissions and diversity, and validates the role of its solutions in delivering purposeful technology.
Throughout the past year’s societal impacts from COVID-19, weather-related disasters, wildfires and political unrest, Keysight maintained progress toward its vision of building a better planet through CSR. The company prioritized crisis response efforts in support of the safety and security of employees, their families and the broader community, while continuing to provide solutions to customers working in critical infrastructure and essential services. At the same time, Keysight closed on its first set of key impact goals, measuring the company’s efforts toward meeting its CSR vision. Spanning fiscal years 2015 through 2020, below are the results of these goals:
These results, along with other CSR efforts, garnered Keysight multiple recognitions in the CSR space — such as those detailed on the company's CSR News, Awards and Recognition page — even during the challenging past year.
“Keysight is proud to have successfully closed our first set of CSR key impact goals with this 2020 CSR Report,” said Hamish Gray, Keysight senior vice president and executive sponsor of the company’s CSR program. “Every employee had a part to play in this extraordinary achievement in global community impact. However, as a company of innovative and critical thinkers focused on continuous improvement, we won’t stop here.”
Having closed the end-fiscal year 2020 CSR key impact goals, Keysight has announced its next set of short- and long-term measures for helping build a better planet. Along with updated community strengthening and STEM education goals, new targets highlight commitments to net zero emissions and diversity and include the following measures.
In addition to the new key impact goals and continued CSR program work, Keysight’s corporate mission of accelerating innovation to connect and secure the world further exemplifies how the company’s core competencies help build a better planet. Today’s socio-economic and global environmental sustainability challenges have increased the importance and impact of Keysight’s solutions in enabling purposeful innovations. The company’s leading-edge design, test, manufacture and optimization solutions and services are critical in enabling customer breakthroughs in areas such as clean technology, wellness, safety and security.
"Recent societal challenges have highlighted the critical role corporations play in supporting global environmental and social prosperity," said Ron Nersesian, Keysight chairman, president, and CEO. "From delivering to our target CSR program goals and measures, to our sustainably-developed solutions and services, Keysight is committed to supporting global communities and enabling our customers to deliver innovative breakthroughs that change lives, secure the world and connect people across the globe."
Additional information
About Keysight Technologies
Keysight delivers advanced design and validation solutions that help accelerate innovation to connect and secure the world. Keysight’s dedication to speed and precision extends to software-driven insights and analytics that bring tomorrow’s technology products to market faster across the development lifecycle, in design simulation, prototype validation, automated software testing, manufacturing analysis, and network performance optimization and visibility in enterprise, service provider and cloud environments. Our customers span the worldwide communications and industrial ecosystems, aerospace and defense, automotive, energy, semiconductor and general electronics markets. Keysight generated revenues of $4.2B in fiscal year 2020. For more information about Keysight Technologies (NYSE: KEYS), visit us at www.keysight.com.
Additional information about Keysight Technologies is available in the newsroom at https://www.keysight.com/go/news and on Facebook, LinkedIn, Twitter and YouTube.
Source: IR-KEYS
KEYSIGHT TECHNOLOGIES CONTACTS:
Geri Lynne LaCombe, Americas/Europe
+1 303 662 4748
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Fusako Dohi, Asia
+81 42 660-2162
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From the Suez Canal Catastrophe to COVID-19 to Climate Change, Waybridge reduces risk and strengthens sustainability of global supply chains
NEW YORK--(BUSINESS WIRE)--Waybridge, the supply chain platform for raw materials, today announced it raised $30 million in Series B funding co-led by Rucker Park Capital and Craft Ventures, with participation from Venrock. Waybridge solves fundamental inefficiencies in the supply chain, enabling clients to buy and sell commodities with less friction, have real-time visibility into their inventory, track shipments, and save time and money by turning many offline manual processes into automated digital processes. The new funding brings the company’s total funds raised to $40M.
“The power of Waybridge is that we combine the financial, the logistical, and the technological into a single transactional platform that provides valuable insight for everyone in the supply chain,” said Brian O’Kelley, co-founder and CEO of Waybridge. “Our platform gives customers visibility into every aspect of the supply chain, answering questions such as where their shipments are, how much inventory they have on hand every day, and much more. We help companies optimize operations and prepare for the unexpected.”
Disruptions from events like the Suez Canal traffic jam, COVID-19, and the ongoing impact of global climate change have accelerated the need for digital transformation in the physical commodities supply chain. Using Waybridge’s technology platform helps companies:
“Trillions of dollars in commodities flow through a supply chain that remains burdened by manual processes,” said Marissa Campise, General Partner, Rucker Park Capital. “We strongly believe in the Waybridge mission to streamline the supply chain and the positive impact it can have on the global economy.”
Waybridge’s suite of digital tools also helps companies manage purchases and drive significant savings by streamlining the supply chain. The platform increases transparency and can optimize processes from logistics to operations. Clients are using the platform to track incoming truck and rail shipments, handle complex scheduling challenges, and receive material at their plants and warehouses. They have been able to reassign employees, who were previously spending their whole day manually processing physical documents, to more valuable tasks that drive company savings and value.
This funding will accelerate platform development to enable Waybridge to tackle other challenges like trade finance, traceability, and sustainability, while expanding the types of industries it serves beyond non-ferrous metals consumers and suppliers. As users manage their raw materials sourcing and selling end-to-end through the platform, Waybridge is able to provide unprecedented clarity on the provenance of the commodities they handle and how that impacts their ESG criteria.
“A digital view of critical operations has become more necessary as companies look to gain real-time insight to optimize their supply chains and mitigate potential consequences from unexpected events,” said Bryan Rosenblatt, Partner at Craft Ventures. “Waybridge’s founding team has filled a major gap by applying technology to transform previously-manual processes, future-proofing trillions in valuable assets.”
About Waybridge
Waybridge (formerly CMDTY) creates tools that connect and optimize the entire global raw materials supply chain. Companies use Waybridge to buy, sell, transport and finance without the friction. Waybridge blends the expertise and vision of founders Brian O'Kelley, Andrea Aranguren, Scott Evans and Andrew Sweeney to create an innovative platform that makes the exchange of raw materials smarter, faster and better. Learn more at Waybridge.com.
Press
Nikki Neumann
Dotted Line Communications
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702.462.2778
HOUSTON--(BUSINESS WIRE)--Ranger Energy Services, Inc. (NYSE: RNGR) (“Ranger” or the “Company”) announced today the acquisition of Patriot Completion Solutions LLC (d/b/a Patriot Well Soluitions) (“Patriot”) in an all-stock transaction. The acquisition of Patriot further expands Ranger’s high quality wireline business while maintaining our considerable balance sheet strength. Patriot’s market leading reputation for wireline evaluation and intervention services, combined with its strong market presence in the Permian, Bakken, DJ, and Powder River Basins, and debt free balance sheet, created a highly attractive opportunity for Ranger.
Darron Anderson, CEO of Ranger Energy Services stated, “The addition of Patriot to our Ranger portfolio of companies checks a number of strategic boxes. Operators continue to drive capital discipline resulting in a material growth of well maintenance and intervention style work. Patriot’s primary service offering of wireline evaluation and intervention plays an integral role in these types of operations, significantly expanding Ranger’s current capabilities. Secondly, Patriot’s wireline completion units will be integrated into our highly efficient Mallard wireline business resulting in greater scale and immediate synergy capture. Most importantly, Patriot brings an extremely talented and technical team to the Ranger family along with an asset base of 22 wireline units which significantly increases our fleet size and geographical reach.”
Patriot, a portfolio company of White Deer Energy, is led by CEO Dragan Cicvaric. “We are extremely proud to have represented White Deer, and our team thanks them for their partnership and continued support of Patriot and now Ranger. As we move into our next phase of growth, we are excited to be joining the Ranger family of companies. Ranger has demonstrated their knowledge and commitment to the wireline business through their Mallard brand. Their reputation and experience bring an extreme level of excitement and confidence to our team,” said Mr. Cicvaric.
During Ranger’s first quarter 2021 earnings call, management made note of potentially closing a wireline acquisition within days along with the opportunity of closing a second acquisition within the next couple of months. Ranger remains committed to building a sustainable, high returns business centered upon top quality clients, excellent service and assets, effective technologies, efficient operations and processes, and ESG stewardship. While the addition of Patriot is a great milestone toward Ranger achieving its goals, the Company continues to pursue additional accretive strategic transactions.
About Ranger Energy Services, Inc.
Ranger is an independent provider of well service rigs and associated services in the United States, with a focus on unconventional horizontal well completion and production operations. Ranger also provides services necessary to bring and maintain a well on production. The Processing Solutions segment engages in the rental, installation, commissioning, start-up, operation and maintenance of MRUs, Natural Gas Liquid stabilizer and storage units and related equipment.
J. Brandon Blossman
Chief Financial Officer
(713) 935-8900
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Delivers Record First Quarter 2021 Results with Revenue of $1.49 million, Exceeding Total FY 2020 Revenue and Demonstrating Increased Demand Across All Sectors
Company Continues to Work Expeditiously to Complete Previously Announced Financial Restatement and File its Amendment No. 1 to Form 10-K
Files Form 12b-25 to Extend Filing Date for First Quarter 2021 Form 10-Q
BOSTON--(BUSINESS WIRE)--Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent” or the “Company”), today provided a business update as it works to complete its previously announced financial restatement and file its Amendment No. 1 to Form 10-K for the year ended December 31, 2020. The Company also announced that it has filed a Form 12b-25 to extend the filing date of its Quarterly Report on Form 10-Q for the quarter ended March 31, 2021.
Advent continues to execute on its business plan to lead the market in the high temperature proton exchange membrane (HT-PEM) based fuel cell components and systems sector. This progress follows the successful business combination with AMCI Acquisition Corp. and Advent’s subsequent acquisition of UltraCell in the first quarter of 2021. The Company expects to report $1.49 million in revenue in the first quarter of 2021, which is a material increase to revenue reported for fiscal 2020. Additionally, Advent remains well capitalized with $124 million of cash on the balance sheet, which will allow it to continue to execute on its strategic and operational priorities. The Company expects the balance of the year to remain strong as it continues to receive interest and demand for its existing and developing technology.
Vasilis Gregoriou, Advent’s Chief Executive Officer, said: “As a public company we are moving forward at a rapid pace, bringing our HT-PEM products to new and existing markets. The fundamentals of our business remain strong and the progress that our team has made over the last three months is truly incredible. Following the successful close of our business combination with AMCI Acquisition Corp. in the first quarter, we have worked diligently to build on our efforts to grow Advent’s business and expand our revenue streams. This helped us deliver $1.49 million in revenue in the quarter – well ahead of our revenue performance for all of fiscal 2020 – driven by a strong pipeline of new business. We look forward to building on this momentum and continue with our mission to become a leading provider of fuel cell technology, helping to enable the hydrogen economy.”
The Company’s business momentum is further reinforced by recent announcements, including:
Financial Restatement
As previously announced on May 7, 2021 the Company has determined to restate its 2019 and 2020 financial statements in light of the U.S. Securities and Exchange Commission’s (the “SEC”) recently issued “Staff Statement on Accounting and Reporting Considerations for Warrants Issued by Special Purpose Acquisition Companies (“SPACs”)” (the “Staff Statement”). This Staff Statement issued on April 12, 2021 informed market participants that warrants issued by SPACs and former SPACs may need to be reclassified as liabilities with non-cash fair value adjustments recorded in earnings at each reporting period. The Company had previously classified its issued warrants as equity. The Company currently expects that the reclassification of the warrants will have no impact on its historical liquidity, cash flows or revenues.
The Company is working diligently with its auditors in order to finalize and to file an amendment to its Annual Report on Form 10-K for the year ended December 31, 2020 (the “Form 10-K/A”) reflecting the reclassification of the warrants for the Non-Reliance Periods as soon as practicable. The adjustments to the financial statement items for the Non-Reliance Periods will be set forth through disclosures in the financial statements included in the Form 10-K/A.
Given the time and focus dedicated to the restatement process and the completion and filing of the Company’s Form 10-K/A, the Company requires additional time to complete its customary quarterly review and reporting process and the filing of its Form 10-Q for the first quarter ended March 31, 2021. As a result, the Company has filed a Form 12b-25 with the U.S. Securities and Exchange Commission to extend the Form 10-Q filing due date from May 17, 2021 to May 24, 2021.
About Advent Technologies Holdings, Inc.
Advent Technologies Holdings, Inc. is a U.S. corporation that develops, manufactures, and assembles critical components for fuel cells and advanced energy systems in the renewable energy sector. Advent is headquartered in Boston, Massachusetts, with offices in the San Francisco Bay Area and Europe. With 120-plus patents (issued and pending) for its fuel cell technology, Advent holds the IP for next-gen high-temperature proton exchange membranes (HT-PEM) that enable various fuels to function at high temperatures under extreme conditions – offering a flexible ‘Any Fuel. Anywhere’ option for the automotive, maritime, aviation and power generation sectors.
Cautionary Note Regarding Forward-Looking Statements
This press release includes forward-looking statements. These forward-looking statements generally can be identified by the use of words such as “anticipate,” “expect,” “plan,” “could,” “may,” “will,” “believe,” “estimate,” “forecast,” “goal,” “project,” and other words of similar meaning. These forward-looking statements address various matters including the Company’s plans and expectations with respect to its operating and financial performance for the remainder of 2021, the increased demand for its wearable fuel cell products, the continued development of its next-generation HT-PEM technology alongside the Department of Energy, the advancement of potential breakthrough materials for the HT-PEM market, the opening of its new manufacturing facility and headquarters in Boston, the expected impact of the accounting changes and the restatement on the Company’s prior and future financial statements, financial position and results of operations, and the Company’s expected ability and timing of its filing of its Form 10-K/A and its Form 10-Q for the first quarter ended March 31, 2021 with the SEC. Each forward-looking statement contained in this press release is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statement. Applicable risks and uncertainties include, among others, the Company’s ability to realize the benefits from the business combination; the Company’s ability to maintain the listing of the Company’s common stock on Nasdaq; future financial performance; public securities’ potential liquidity and trading; impact from the outcome of any known and unknown litigation; ability to forecast and maintain an adequate rate of revenue growth and appropriately plan its expenses; expectations regarding future expenditures; future mix of revenue and effect on gross margins; attraction and retention of qualified directors, officers, employees and key personnel; ability to compete effectively in a competitive industry; ability to protect and enhance our corporate reputation and brand; expectations concerning our relationships and actions with our technology partners and other third parties; impact from future regulatory, judicial and legislative changes to the industry; ability to locate and acquire complementary technologies or services and integrate those into the Company’s business; future arrangements with, or investments in, other entities or associations; and intense competition and competitive pressure from other companies worldwide in the industries in which the Company will operate; and the risks identified under the heading "Risk Factors" in our Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 26, 2021, as well as the other information we file with the SEC. We caution investors not to place considerable reliance on the forward-looking statements contained in this press release. You are encouraged to read our filings with the SEC, available at www.sec.gov, for a discussion of these and other risks and uncertainties. The forward-looking statements in this press release speak only as of the date of this document, and we undertake no obligation to update or revise any of these statements. Our business is subject to substantial risks and uncertainties, including those referenced above. Investors, potential investors, and others should give careful consideration to these risks and uncertainties.
Advent Technologies Holdings, Inc.
Elisabeth Maragoula
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Sloane & Company
Joe Germani / James Goldfarb
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RICHMOND, British Columbia--(BUSINESS WIRE)--Driven by a desire to innovate - and with all operations focused on maximizing sustainability - Geocycle Canada and Lafarge Canada have been exploring the use of low carbon and alternative fuels to reduce our carbon emissions. Part of the approach includes collaboration with neighbouring communities, highlighting their challenges, and turning these into opportunities.
Geocycle Canada and Lafarge Canada’s Richmond Cement Plant recently reached a long-term partnership agreement with the Capital Regional District (CRD) of British Columbia, a Canadian district with approximately 500,000 residents. This partnership means Geocycle Canada and the Richmond Cement plant team will co-process biosolids (an organic matter recycled from sewage), produced by CRD from treated wastewater, as an alternative to non-renewable energy sources. The Richmond plant/Geocycle invested $1.8M CAD to design and build a silo and dosing system. The plant will co-process approximately 6,000 tonnes of biosolids per year. This is equivalent to eliminating greenhouse gas emissions from more than ten million miles driven by an average passenger vehicle, per year. This will play a significant role in helping Lafarge and Geocycle meet its ambitions for the Net Zero Pledge.
Rustam Punja, Geocycle Manager for Western Canada stated, “We are investing in a creative approach to take a waste product with no value, and transform it into a valuable resource - while making a visible impact on our CO2 emissions. Our partnership with CRD is a great way to make an impact and contribute to the circular economy.”
About Lafarge Canada Inc.
Lafarge is Canada’s largest provider of sustainable construction materials and a member of the global group, LafargeHolcim. With 6,000 employees and 350 sites across Canada, our mission is to provide construction solutions that build better cities and communities. The cities where Canadians live, work and raise their families along with the community’s infrastructure benefit from the solutions provided by Lafarge consisting of aggregates, asphalt and paving, cement, precast concrete, ready-mix concrete, and road construction. www.lafarge.ca
Jill Truscott
Manager, Communications - Western Canada
Lafarge Canada Inc.
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Mobile 403.354.5063
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