PLANO, Texas--(BUSINESS WIRE)--Vine Energy Inc. (“Vine”) announced today that its subsidiary, Vine Energy Holdings LLC (“Vine Holdings”), intends to offer $950 million in aggregate principal amount of senior unsecured notes due 2029 (the “New Notes”) in a private placement to eligible purchasers, subject to market conditions.
Vine Holdings intends to use the net proceeds from the offering, along with cash on hand, to (i) fund the redemption (the “Redemption”) of all of the outstanding 8.75% Senior Notes due 2023 and 9.75% Senior Notes due 2023 issued by Vine Holdings and (ii) pay any premiums, fees and expenses related to the Redemption, including accrued and unpaid interest, and the issuance of the New Notes.
The New Notes will be offered only to persons reasonably believed to be qualified institutional buyers in an offering exempt from registration in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States in reliance on Regulation S under the Securities Act. The New Notes and related guarantees have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States without registration or an applicable exemption from the registration requirements of the Securities Act or any applicable state securities laws.
This press release is being issued pursuant to Rule 135c under the Securities Act, and is neither an offer to sell nor a solicitation of an offer to buy the New Notes or any other securities and shall not constitute an offer to sell or a solicitation of an offer to buy, or a sale of, the New Notes or any other securities in any jurisdiction in which such offer, solicitation or sale is unlawful.
About Vine Energy Inc.
Based in Plano, Texas, Vine Energy Inc. is an energy company focused on the development of natural gas properties in the stacked Haynesville and Mid-Bossier shale plays in the Haynesville Basin of Northwest Louisiana.
Cautionary Statement Concerning 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, including statements regarding the offering and the anticipated use of the net proceeds therefrom. These forward-looking statements represent Vine’s expectations or beliefs concerning future events, and it is possible that the results described in this press release will not be achieved. These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of Vine’s control, which could cause actual results to differ materially from the results discussed in the forward-looking statements. These include, but are not limited to, statements regarding the terms of the offering and the intended use of proceeds therefrom.
Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, Vine does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for Vine to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in the prospectus filed with the Securities and Exchange Commission (“SEC”) in connection with Vine’s initial public offering. These and other potential risks and uncertainties that could cause actual results to differ from the results predicted are more fully detailed in Vine’s filings and reports with the SEC, including such prospectus.
U.S. Investor / Media Relations Contact:
David Erdman
(469) 605-2480
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ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced the launch of ICE’s newest exchange, ICE Futures Abu Dhabi (“IFAD”), and ICE Murban Crude Oil futures, the world’s first Murban futures contract. IFAD is being launched with the Abu Dhabi National Oil Company (ADNOC) and nine of the world’s largest energy traders including BP, ENEOS, GS Caltex, INPEX, PetroChina, PTT, Shell, TOTSA (Total) and Vitol.
ICE Murban Crude Oil Futures opened for trading today along with 18 Murban-related cash settled derivatives and inter-commodity spreads. These new contracts offer the market the broadest range of ways to trade and hedge Murban crude.
“The launch of IFAD represents a singular achievement, one that would not have been realized without the vision, fortitude and years of work by His Excellency Dr. Sultan, his team at ADNOC, and the leadership of the UAE in opening up Murban to the markets,” said Jeffrey C. Sprecher, Founder, Chairman and CEO of Intercontinental Exchange. “Today, with our outstanding partners, we are bringing a new benchmark to life, and just as Murban has powered the UAE for the past 50 years, with this new futures contract there is a tremendous future ahead for Murban as a price marker for global energy markets.”
“Murban Crude is recognized the world over for its intrinsic chemical qualities, consistent and stable production volumes, large number of international buyers, and numerous long-term concession and production partners,” said His Excellency Dr. Sultan Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO. “In making Murban a freely traded global commodity, it becomes even more attractive to market participants and will deliver greater value to ADNOC and its partners. This historic and strategic milestone reinforces the UAE and Abu Dhabi’s status as a leading global energy hub and underscores ADNOC’s central role as a catalyst to empower the UAE’s economic ambitions.”
Murban futures are open for trading for 24 hours a day on Mondays and 22 hours a day Tuesdays to Fridays, with investors from jurisdictions including Abu Dhabi Global Market, United States, Singapore, UK, Switzerland, the Netherlands, France, Norway, Australia, Japan and South Korea, able to trade on IFAD. IFAD has 26 Exchange Members and 19 Clearing Members, who are listed in full on IFAD’s Membership page.
Contracts traded on IFAD are cleared at ICE Clear Europe where they are cleared alongside ICE’s global energy futures platform covering oil, natural gas and the environmental complex, allowing customers to benefit from critical margin offsets to enhance capital efficiency.
About Intercontinental Exchange
Intercontinental Exchange (NYSE: ICE) is a Fortune 500 company and provider of marketplace infrastructure, data services and technology solutions to a broad range of customers including financial institutions, corporations and government entities. We operate regulated marketplaces, including the New York Stock Exchange, for the listing, trading and clearing of a broad array of derivatives contracts and financial securities across major asset classes. Our comprehensive data services offering supports the trading, investment, risk management and connectivity needs of customers around the world and across asset classes. As a leading technology provider for the U.S. residential mortgage industry, ICE Mortgage Technology provides the technology and infrastructure to transform and digitize U.S. residential mortgages, from application and loan origination through to final settlement.
Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2020, as filed with the SEC on February 4, 2021.
ICE- CORP
Source: Intercontinental Exchange
ICE Media Contact:
Rebecca Mitchell
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ICE Investor Contact:
Warren Gardiner
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770-835-0114
NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“NFE” or the “Company”) announced today that it has signed a Gas Supply Agreement (the “GSA”) with CFEnergia SA de CV, a subsidiary of Mexico’s Federal Electricity Commission (CFE). Under the agreement, NFE will provide the equivalent of an estimated 250,000-500,000 gallons of LNG (20,000-40,000 MMBtu) per day to CFE’s CTG La Paz and CTG Baja California Sur power plants in Baja California Sur, Mexico.
“We are pleased to support CFE’s transition to cleaner, more affordable and reliable energy,” said Wes Edens, Chairman and CEO of New Fortress Energy. “This contract will help create significant fuel savings and emissions reductions for the benefit of the people of Baja California Sur.”
NFE will supply natural gas to the plant via the Company’s liquefied natural gas (LNG) receiving and regasification terminal in the port of Pichilingue, Baja California Sur, Mexico. The terminal is anticipated to be complete and begin the supply of natural gas to CFE in May.
About New Fortress Energy Inc.
New Fortress Energy is a global energy infrastructure company founded to help accelerate the world’s transition to clean energy. The company funds, builds and operates natural gas infrastructure and logistics to rapidly deliver fully integrated, turnkey energy solutions that enable economic growth, enhance environmental stewardship and transform local industries and communities.
Cautionary Language Regarding Forward-Looking Statements
Certain statements contained in this press release constitute “forward-looking statements” including the expectation that the Company will provide 250,000 gallons of LNG per day to the CFE power plants indicated, the expectation that the development of terminal and supply of natural gas will be complete in May, the expectation that the conversion will create fuel savings and reduce emissions, and other statements regarding NFE’s operations, goals and strategy. You can identify these forward-looking statements by the use of forward-looking words such as “expects,” “may,” “will,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates,” or the negative version of those words or other comparable words. These forward-looking statements represent the Company’s expectations or beliefs concerning future events, and it is possible that the results described in this press release will not be achieved. These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of the Company’s control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, the difficulty of predicting the timing or outcome of any project in development (including the development of infrastructure to supply CFE and to build NFE’s facility), difficulties or delays of any project in development, the availability and pricing of third party contractors, services and materials for use in the developments, the market price for natural gas and for alternative fuels, the dispatch rate of the CFE power plants, the heat rate efficiency of the CFE power plants, and the capacity of the CFE power plants (each on natural gas relative to alternative fuels). Accordingly, readers should not place undue reliance on forward-looking statements as a prediction of actual results.
Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, the Company does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for the Company to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in our annual report, quarterly and other reports filed with the SEC, which could cause its actual results to differ materially from those contained in any forward-looking statement. We undertake no duty to update these forward-looking statements even though the situation may change in the future.
IR:
Joshua Kane
(516) 268-7455
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Media:
Jake Suski
(516) 268-7403
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BOSTON--(BUSINESS WIRE)--Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent”), an innovation-driven company in the fuel cell and hydrogen technology space, today announced financial results for the full year ended December 31, 2020.
Advent has issued a letter to shareholders discussing its financial results and providing an overview of recent developments. The letter is available in the Investor Relations section of Advent’s website: https://ir.advent.energy/.
Dr. Vasilis Gregoriou, Advent’s Chief Executive Officer and Founder, said:
“Since our public listing, we have hit the ground running in our efforts to grow Advent’s business and expand our revenue streams. The transformation of energy production from one based on existing fossil fuel technology to a cleaner, renewable future is critical to not only the future of Advent but the future of our planet. This is the central mission that motivates the entire Advent team to operate responsibly in everything we do. Advent is at the cutting edge of the new energy economy and we believe this will benefit all of our stakeholders and allow us to create lasting value for our investors.”
Full Year 2020 financial highlights include:
2021 Outlook:
Advent announced the following total company outlook for full year 2021:
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$15 million - $30 million |
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$25 million - $40 million |
About Advent Technologies Holdings, Inc.
Advent Technologies Holdings, Inc. is an innovation-driven company in the fuel cell and hydrogen technology space. Our vision is to accelerate electrification through advanced materials, components, and next-generation fuel cell technology. Our technology applies to electrification (fuel cells) and energy storage (flow batteries, hydrogen production) markets, which we commercialize through partnerships with Tier1s, OEMs, and System Integrators. For more information on Advent Technologies Holdings, Inc., please visit the company’s website at https://www.advent.energy/.
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this press release may constitute “forward-looking statements”. Our forward-looking statements include, but are not limited to, statements regarding our or our management team’s expectations, hopes, beliefs, intentions or strategies regarding the future, including 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.
In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “will,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.
These forward-looking statements are based on current expectations and beliefs concerning future developments and their potential effects. There can be no assurance that future developments affecting us will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those factors described under the heading “Risk Factors” in the definitive Proxy Statement/Prospectus included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on March 26, 2021. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. Some of these risks and uncertainties may in the future be amplified by the COVID-19 outbreak and there may be additional risks that we consider immaterial or which are unknown. It is not possible to predict or identify all such risks. We do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.
Investor Relations:
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DUBLIN--(BUSINESS WIRE)--The "Automotive Lead-Acid Battery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The global automotive lead-acid battery market reached a value of US$ 12.27 Billion in 2020. Looking forward, the global automotive lead-acid battery market to exhibit moderate growth during the next five years.
Lead acid batteries are the oldest type of rechargeable batteries invented by Gaston Plante in 1859 and are used for the starting, lighting, and the ignition (SLI) process in the automobiles. These types of batteries use sponge lead (Pb) and lead peroxide (PbO2) plates immersed in sulfuric acid to convert chemical energy into electrical power.
These batteries have been in the industry for 100 years and are still a popular source of energy storage. They are generally used in power stations and substations as they have high cell voltage and lower cost. In spite of having very low energy-to-weight ratio and a low energy-to-volume ratio, these batteries supply high surge currents which implies that their cells have a large power-to-weight ratio.
This makes them highly compatible for motor vehicles in order to supply high current required by automobile starter motors. Apart from this, lead acid batteries also contribute in supplying voltage to various accessories in vehicles such as music systems, wipers, radio, air conditioners, charging plugs, etc.
The demand of automotive lead-acid batteries has a strong correlation with the global automobile industry. The global automobile market has exhibited strong performance across both developed and emerging markets after a period of sluggish growth as a result of the recent global economic crisis.
Moreover, a spontaneous rise in the use of electric vehicles and e-bikes has also catalyzed the demand of lead acid batteries. Characteristics such as high current delivery, resistance to corrosion and abrasion, tolerance to overcharging, low internal impedance, etc. make them appropriate to be used in electric vehicles.
On a regional basis, the Asia Pacific region represented the biggest driver of automotive lead acid batteries accounting for the bulk of the total sales. Asia Pacific was followed by North America and Europe.
Key Questions Answered in This Report:
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Properties
4.3 Key Industry Trends
5 Global Automotive Lead-Acid Battery Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Vehicle Type
5.5 Market Breakup by Product
5.6 Market Breakup by Type
5.7 Market Breakup by Customer Segment
5.8 Market Breakup by Region
5.9 Market Forecast
6 Market Breakup by Vehicle Type
6.1 Passenger Cars
6.2 Commercial Vehicles
6.3 Two-Wheelers
6.4 HEV Cars
7 Market Breakup by Product
7.1 SLI Batteries
7.2 Micro Hybrid Batteries
8 Market Breakup by Type
8.1 Flooded Batteries
8.2 Enhanced Flooded Batteries
8.3 VRLA Batteries
9 Market Breakup by Customer Segment
9.1 OEM
9.2 Replacement
10 Market Breakup by Region
11 Global Automotive Lead-Acid Battery Industry: SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Global Automotive Lead-Acid Battery Industry: Value Chain Analysis
12.1 Overview
12.2 Research and Development
12.3 Raw Material Procurement
12.4 Manufacturing
12.5 Marketing
12.6 Distribution
12.7 End-Use
13 Global Automotive Lead-Acid Battery Industry: Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Global Automotive Lead-Acid Battery Industry: Price Analysis
14.1 Key Price Indicators
14.2 Price Structure
14.3 Margin Analysis
15 Automotive Lead-Acid Battery Manufacturing Process
15.1 Product Overview
15.2 Raw Material Requirements
15.3 Manufacturing Process
15.4 Key Success and Risk Factors
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/atmfqb
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DUBLIN--(BUSINESS WIRE)--The "Waste To Energy (WTE) - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Waste To Energy (WTE) Market to Reach $48.5 Billion by 2027
Amid the COVID-19 crisis, the global market for Waste To Energy (WTE) estimated at US$ 32.3 Billion in the year 2020, is projected to reach a revised size of US$ 48.5 Billion by 2027, growing at a CAGR of 6% over the period 2020-2027.
Thermal, one of the segments analyzed in the report, is projected to record 5.8% CAGR and reach US$ 39.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Biological segment is readjusted to a revised 6.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $9.5 Billion, While China is Forecast to Grow at 5.6% CAGR
The Waste To Energy (WTE) market in the U.S. is estimated at US$ 9.5 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$ 8.5 Billion by the year 2027 trailing a CAGR of 5.6% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.6% and 4.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.9% CAGR.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS (Total 36 Featured):
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. GEOGRAPHICAL MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/reflxy
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Ameresco launches Global Safety Ambassadors Program highlighting its continued focus on safety across all project sites
FRAMINGHAM, Mass.--(BUSINESS WIRE)--#cleanenergy--Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced the expansion of its health and safety initiatives to include a Global Safety Ambassadors program. The company’s emphasis on safety excellence has instilled a relentless focus on the health and safety of their employees, contractors, customers, and communities.
The company maintains a long history of established safety practices and protocols at construction sites and operational assets, with individuals holding a variety of current OSHA, Environmental, and USACE EM 385-1-1 certifications. Due to the complexity of on-site projects where employee safety is of critical importance, Ameresco has historically utilized an integrated safety management approach to ensure that safety is incorporated in the planning and execution of all work, along with a master safety plan that functions as a basis for site specific plans at each of their worksites.
The newly established Global Safety Ambassadors committee expands upon the previously instituted safety programs and includes two representatives – one management and one non-management level – from each of Ameresco’s business units. By establishing a concentrated committee dedicated to promoting and fostering employee and company safety, Ameresco’s Global Safety Ambassadors will solicit input and evaluate program performance to provide recommendations to senior and executive level management for continued overall process improvements. The program’s objectives include reducing the incidence of injury and illness throughout the company, improving overall safety in the work environment, maintaining lines of communication with all employees, and protecting the company’s assets.
In 2021, Ameresco executive vice president and director, David Anderson will serve as the Global Safety Ambassadors’ executive representative, acting as a liaison between the program and the management team. Ken Gross, Ameresco’s senior vice president of safety, quality and risk management, will act as committee chair, developing and leading the Global Safety Ambassadors program with his team located across the company.
“Having worked in the energy industry for over 35 years, I know there is nothing more important than a strong organizational foundation that prioritizes the health and safety of our employees, contractors, partners and communities,” said David Anderson, executive vice president and director at Ameresco. “Whether we are supporting educational campus operations, municipal buildings, commercial or industrial operations, or mission critical military operations, the health and safety of those around us are always front of mind. I believe the establishment and implementation of the Global Safety Ambassadors’ program will prove to be a vital component of our health and safety, quality assurance and risk management process.”
As a company dedicated to “doing well by doing good,” the Ameresco Global Safety Ambassadors program prioritizes an investment in the health and wellness of its employees. It also reflects one of the company’s core values, as highlighted in its inaugural 2020 ESG report, which aims to foster a workplace that protects and safeguards the lives of its employees first and foremost.
“Expanding our current safety program as we continue to grow is central to our vision of adding value to not only improve the lives of the communities we serve, but to enhance the quality of life for our employees,” said Ken Gross, committee chairman of Ameresco’s Global Safety Ambassadors program and senior vice president of safety, quality and risk management. “The Global Safety Ambassadors program is reflective of our responsibility to identify, investigate and eliminate any potential hazards in the workplace and encourage the active participation of all in safety processes.”
To learn more about Ameresco’s environmental, social and corporate governance initiatives, view its 2020 inaugural ESG report, found here https://www.ameresco.com/esg/.
About Ameresco, Inc.
Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading cleantech integrator and renewable energy asset developer, owner and operator. Our comprehensive portfolio includes energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions delivered to clients throughout North America and the United Kingdom. Ameresco’s sustainability services in support of clients’ pursuit of Net Zero include upgrades to a facility’s energy infrastructure and the development, construction, and operation of distributed energy resources. Ameresco has successfully completed energy saving, environmentally responsible projects with Federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, MA, Ameresco has more than 1,000 employees providing local expertise in the United States, Canada, and the United Kingdom. For more information, visit www.ameresco.com.
Ameresco: Leila Dillon, 508-661-2264, This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "Autonomous Ships - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Autonomous Ships Market to Reach $9.9 Billion by 2027
Amid the COVID-19 crisis, the global market for Autonomous Ships estimated at US$ 6.8 Billion in the year 2020, is projected to reach a revised size of US$ 9.9 Billion by 2027, growing at a CAGR of 5.6% over the period 2020-2027.
Commercial, one of the segments analyzed in the report, is projected to record 5.8% CAGR and reach US$ 6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Defense segment is readjusted to a revised 5.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2 Billion, While China is Forecast to Grow at 5.2% CAGR
The Autonomous Ships market in the U.S. is estimated at US$ 2 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$ 1.7 Billion by the year 2027 trailing a CAGR of 5.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.3% and 4.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS (Total 36 Featured):
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. GEOGRAPHICAL MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/53m7f8
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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ROCHESTER, England--(BUSINESS WIRE)--BAE Systems is taking decades of flight controls expertise underwater on-board the UK’s next generation submarine, Dreadnought. This innovative approach involves adapting controls that are usually used in fly-by-wire aircraft and applying them in a marine environment.
The complete Active Vehicle Control Management (AVCM) system will oversee all major aspects of the submarines’ maneuvering capability to the highest levels of safety and reliability, similar to existing systems on modern air transport platforms.
Jon Tucker, Director for Maritime Controls at BAE Systems Controls and Avionics, said: “With over 50 years of avionics experience, we already have a great understanding of how to develop complex, control systems for hi-tech platforms. However, taking our technology underwater brings exciting new challenges and we are proud to support the Dreadnought program and play an important part in our national security effort.”
Similar to how fly-by-wire works for aircraft – whereby electronic systems are used to control the movement of aircraft – the Company’s engineers are developing electronics that control the heading, pitch, depth and buoyancy of the Dreadnought class among other critical elements with added safety benefits.
Work has already begun, supporting more than 130 highly skilled jobs in Rochester, U.K, with the number expected to grow. The program is one of the largest developmental projects taking place at the Rochester site and we have made significant investments at the site to create new labs and workspaces to support this exciting program.
The innovation has been developed in Rochester, U.K, with engineers in our Electronic Systems business working closely with colleagues across the Company’s Maritime and Air sectors to develop a world-class system as part of our Active Vehicle Control One-Team. Our engineers will continue to develop the technologies with a view to expanding its applications to both other underwater and surface vessels.
Sean Hills, BAE Systems
Mobile: +447827 991666
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Gillian Churchill, BAE Systems
Mobile: +44792 1867103
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www.baesystems.com
@BAESystemsplc
@BAESystemsInc
CRISPRi Innovations Provide Expanded Experimental Options and Flexibility For Researchers Facilitating Disease & Drug Research
WALTHAM, Mass.--(BUSINESS WIRE)--Horizon Discovery, a PerkinElmer, Inc. (NYSE:PKI) company, today announced that its gene editing and modulation portfolio is expanding to include a new family of CRISPR modulation (CRISPRmod) reagents for CRISPR interference (CRISPRi). CRISPRi enables scientists to better understand the biological pathways, processes and pathologies of disease by repressing genes at the transcriptional level, ultimately leading to new therapeutic approaches.
The new reagents include the first-ever commercially available synthetic single guide RNAs for CRISPRi, as well as a patent-pending, dCas9-SALL1-SDS3 repressor available in mRNA and lentiviral formats. With these new technologies, researchers will have the flexibility to repress genes in almost all cell lines, over any length of time, and at any scale from single gene readouts to high-throughput studies.
The novel dCas9-SALL1-SDS3 repressor was developed following extensive research and has shown more robust and consistent gene modulation over a longer course of time compared to current-generation CRISPRi products.
Alan Fletcher, SVP Life Sciences at PerkinElmer said, “CRISPRi is gene knockdown, not knockout. It’s CRISPR without the cut, so it offers a temporary and nuanced approach which is ideal for researchers looking to mimic cellular effects of small molecule drugs or do multiplexed gene interrogation. By offering these new reagents, in addition to our existing CRISPR options, we’re primed to aid researchers in achieving even more exciting breakthroughs in the years ahead.”
Horizon Discovery’s Dharmacon technology, with its patented siRNA tools, has been the market leader in gene modulation for more than 20 years. Since the discovery of CRISPR gene editing tools, Horizon has been on the forefront offering guide and nuclease products to enable precision DIY CRISPR knockout and knock-in as well as custom screening and cell line production services. CRISPRmod CRISPRi continues the tradition of innovation by developing novel CRISPR-based transcriptional gene modulation reagents. Portfolio-wide, Horizon helps researchers answer fundamental biological questions leading to therapeutic advancements.
For further information on Horizon Discovery’s CRISPRi technology, please visit: https://horizondiscovery.com/en/applications/crisprmod/crispri.
About PerkinElmer
PerkinElmer enables scientists, researchers, and clinicians to address their most critical challenges across science and healthcare. With a mission focused on innovating for a healthier world, we deliver unique solutions to serve the diagnostics, life sciences, food, and applied markets. We strategically partner with customers to enable earlier and more accurate insights supported by deep market knowledge and technical expertise. Our dedicated team of about 14,000 employees worldwide is passionate about helping customers work to create healthier families, improve the quality of life, and sustain the well-being and longevity of people globally. The Company reported revenue of approximately $3.8 billion in 2020, serves customers in 190 countries, and is a component of the S&P 500 index. Additional information is available through 1-877-PKI-NYSE, or at https://www.perkinelmer.com/.
Media:
Jennifer McNeil
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+1 508.380.2902
PARIS--(BUSINESS WIRE)--The District Hospital of Santarém, a well-recognized healthcare center located in the central region of Portugal, has chosen Biolog Transfusion Solution to optimize its blood components’ management between its healthcare services and blood transfusion department. In operation since November 2020, this solution provides real-time traceability to red blood cells, from reception to release for transfusion.
Based on RFID, Biolog Transfusion Solution connects healthcare professionals to essential product information. By offering real-time precise physical location for each blood product unit, this cutting-edge technology helps to better drive inventory management and enhance patients’ blood product reservations. Besides, this traceability allows unused red blood cell bags to be more reliably returned to the Blood Bank for potential new patient assignation before the expiration date. Combining the technology with 24/7 accurate digital information contributes to better utilization of available products and in reducing wastage, a key requirement when we know that about 5% of these vital resources can be unavailable for medical usage1.
“The implementation of the Biolog Transfusion Solution proved to be a good tool to improve the traceability of the transfusion process and, consequently, the quality of the service provided by the blood transfusion department. By tracking red blood bags, it’s possible to obtain information on all procedures performed with them, from reception at the department to transfusion at the inpatient service”, said Dra Rute Ribeiro, technical coordinator and responsible for quality of Santarém District Hospital Blood Bank.
“We have worked alongside the District Hospital of Santarém to define the right tools for facing their challenges, and we are pleased to see that Biolog Transfusion Solution meets their needs. At biolog-id we are committed to developing state of the art solutions to ensure the availability and the quality of blood products which will ultimately serve patients”, declares Philippe Jacquet, Executive Director of Sales EMEA/LATAM at biolog-id.
“The real time capacity to locate blood components, as well as monitoring transfusion processes is the main achievement made possible by using RFID technology. That is really a forwarding security step!”, explains Dr. João Moura, Director of Santarém District Hospital Blood Bank.
By combining software, equipment, and tags, the modular end-to-end Biolog Transfusion Solution offers traceability of blood components products at every stage of the process. Biolog-id’s flexible approach allows customization of the solution to meet any infrastructure constraints, from blood centers, blood banks, and hospitals.
About biolog-id:
Biolog-id develops and implements innovative solutions, that digitally transform routine processes into actionable data supporting better operational and strategic decisions for sensitive therapeutic products: blood products (red blood cells, platelets, plasma), chemotherapies, parenteral nutrition.
The information generated by biolog-id solutions is available to Healthcare Professionals at any time, enhancing their processes efficiency, work conditions and ultimately the safety of the therapeutics administered to patients.
Biolog-id’s patented platform is utilized in North America, Europe, Middle East, India, and Asia Pacific. Biolog-id is owned by its founder, managers, and the Xerys Funds.
Company URL: www.biolog-id.com
About District Hospital of Santarém:
The District Hospital of Santarém (HDS) is a Corporate Public Entity located in the city of Santarém in the central region of Portugal, in full operation since 1985. The Hospital is part of the Portuguese National Health Service (SNS).
The Hospital was projected in the late 70's with more than 500 beds and the objective of offering a new health infrastructure for the city. The Hospital is equipped with all the main medical and surgical specialties, serving a population of approximately 200,000 inhabitants. It has now a total of 419 beds, where more than 6,000 blood transfusions are delivered each year.
Website URL: https://www.hds.min-saude.pt/
About Xerys Gestion:
Xerys Gestion is a French investment company primarily positioned on trending sectors that include healthcare & Life Sciences, renewable energy/GreenTech and new digital technologies. As such, Xerys Gestion supports companies in industries undergoing major transformation to address economic, environmental and societal challenges that have great ambitions for their growth and international expansion. In its market, Xerys Gestion stands out as much for its modus operandi and the strategic and operational support it provides to portfolio companies, as for the range of à la carte investment opportunities offered to investors and the firm’s close relations with them, or its sector-based approach. Lastly, Xerys Gestion has considerable sector expertise, bolstered by a strategic committee made up of recognized specialists and experts in key sectors. Xerys Gestion manages 200 million euros in assets, with a portfolio of nine companies.
For more information visit www.xerys.com or find us on LinkedIn @Xerys.
1 Source: World Health Organization
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DUBLIN--(BUSINESS WIRE)--The "Pressure Vessel Composite Materials Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Material and End User" report has been added to ResearchAndMarkets.com's offering.
According to this report the global pressure vessel composite materials market was valued at US$ 758.36 million in 2019 and is projected to reach US$ 3,539.95 million by 2027; it is expected to grow at a CAGR of 21.4 % during 2020-2027. The report highlights key driving factors and prominent market players along with their developments in the market.
Pressure vessel composite materials are used in pressure vessels used to store gases and liquids under high pressure. A composite material is a combination of materials that vary in composition or shape on a macro scale. These materials do not dissolve or otherwise blend entirely into each other. Composite materials help boost efficiency of applications on which it is used and can deliver a large amount of material savings. Therefore, most of them are needed in various industries such as oil refineries, nuclear reactors, automobiles, gas repositories, and aerospace.
The chemicals industry is growing across the world due to the increasing consumption of goods such as fertilizers and other agrochemical products, coatings and adsorbents, LED lightings, plastics, and human-made fibers, and research laboratory chemicals. According to the International Council of Chemical Associations (ICCA), the chemical industry was valued at US$ 5.7 trillion in 2019, which was equivalent to a 7% share in the global GDP. Also, the petrochemical industry is receiving a huge demand from various construction projects worldwide.
Pressure vessels are designed to work by reaching the pressure level required to make an application function, such as holding air in a scuba tank. It can deliver pressure either directly by valves and release gauges or indirectly via heat transfer. Potential pressure levels ranges from 15 psi to 150,000 psi, while temperatures are usually above 400C (750F). A pressure tank can hold anywhere from 75 liters (20 gallons) to many thousand liters. Pressure vessels are used in different industries, but chemical, oil & gas, and energy industry are the main industries.
The COVID-19 outbreak was first reported in Wuhan (China) in December 2019. Lockdowns, travel bans, and business shutdown measures are restricting the supplies of chemicals and materials products, which is causing a significant loss for pressure vessels composite materials manufacturers.
Reasons to Buy
Market Dynamics
Drivers
Restraint
Opportunity
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/8dhv6u
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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HOUSTON & MENLO PARK, Calif.--(BUSINESS WIRE)--Baker Hughes (NYSE: BKR) announced it has entered into a global exclusive licensing agreement with SRI International to use SRI’s innovative Mixed-Salt Process (MSP) for CO2 capture. SRI has received support from the U.S. Department of Energy’s Office of Fossil Energy (FE) and National Energy Technology Laboratory (NETL) in developing its MSP technology. The agreement with SRI follows Baker Hughes’ acquisition of Compact Carbon Capture announced in November 2020, and further expands and complements its CCUS (carbon capture, utilization, and storage) for applications such as the treatment of flue gases from fossil fueled power plants, gas turbines, industrial applications, and the cement industry.
The advancement of carbon capture technology solutions is widely considered critical to delivering CO2 emissions reductions needed to meet global 2050 climate and net-zero emissions targets. In the energy and industrial sectors, carbon capture is among the most viable decarbonization paths for both retrofitting existing assets and greenfield projects. The Baker Hughes CCUS portfolio features advanced turbomachinery, solvent-based state-of-the-art capture processes, well construction and management for CO2 storage, and advanced digital monitoring solutions.
“The Mixed Salt Process combines an efficient, post-combustion carbon capture process that uses a novel solvent formulation that relies on commodity chemicals. Our process has the benefits of a low manufacturing carbon footprint, reduced energy consumption and greater efficiency. The technology also differentiates itself from other state-of-the-art amine-based carbon capture technologies by negligible solvent-degradation and reduced water use, as well as the fact it uses a widely available and environmentally friendly solvent,” said Manish Kothari, president of SRI International. “As an energy technology company committed to the energy transition, Baker Hughes is the ideal partner to demonstrate the advantages and commercial benefits of our MSP solution.”
“Technology plays a key role in ensuring that new energy frontiers such as CCUS are cost-competitive and sustainable,” said Rod Christie, executive vice president of Turbomachinery & Process Solutions at Baker Hughes. “In this period of CCUS market formation we are strategically and purposefully investing in the development and industrialization of innovative technologies to be deployed in a cost-effective manner once the market reaches maturity. Once commercialized, the MSP has the potential to contribute to the advancement of CCUS, providing a lower-cost and energy-efficient carbon capture solution with reduced emissions, making it ideal for commercial applications.”
The MSP developed by SRI currently has a technology readiness level of 4 as per the scale defined by the European Union as part of the Horizon 2020 framework program. The MSP combines readily available potassium and ammonia (NH3) salt solutions to enable reduced reboiler and auxiliary electric loads, emissions, and water usage. In addition, the MSP requires a smaller footprint than competing CCUS solutions.
About SRI International:
SRI International creates world-changing solutions making people safer, healthier, and more productive. SRI, a research center headquartered in Menlo Park, California, works primarily in advanced technology and systems, biosciences, computing and education. SRI brings its innovations to the marketplace through technology licensing, spin-off ventures and new product solutions.
About Baker Hughes:
Baker Hughes (NYSE: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and with operations in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com
Media contact for Baker Hughes:
Stephanie Price
+1 281-605-8399
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Investor Relations for Baker Hughes:
Jud Bailey
+1 281-809-9088
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Media contact for SRI International:
Molly Hendriksen
+1 510-418-2511
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LOS ANGELES--(BUSINESS WIRE)--Global Clean Energy Holdings, Inc. (OTCQB: GCEH) today effected a 1-for-10 reverse stock split. As a result of the reverse stock split, the trading symbol has changed to “GCEHD” for 20 business days. After 20 business days, the symbol will change back to “GCEH.”
About Global Clean Energy Holdings
Global Clean Energy Holdings, Inc. (“GCEH”) is a uniquely positioned vertically integrated renewable fuels company. Our strategy has been consistent from the company’s inception; control the full integration of our entire supply chain from the development, production and processing of feedstocks through to the refining and distribution of renewable fuels. GCEH’s wholly-owned plant science subsidiary, Sustainable Oils, Inc., owns an industry leading portfolio of intellectual property rights, including patents and production know-how, for the production of its proprietary varieties of Camelina sativa as a non-food based ultra-low carbon biofuels feedstock. GCEH is retooling and constructing its renewable diesel refinery in Bakersfield, California, which when completed in early 2022 will be the largest renewable fuels facility in the western United States and the largest in the country that produces renewable fuels from non-food based feedstocks. To learn more about the company, visit www.gceholdings.com.
Communications Contact
Melody Kean Haller
(424) 318-3518
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HOUSTON--(BUSINESS WIRE)--Cheniere Energy, Inc. (“Cheniere”) (NYSE American: LNG) announced today that Substantial Completion of Train 3 at the Corpus Christi liquefaction project was achieved on March 26, 2021. Commissioning is complete and Cheniere’s EPC partner Bechtel Oil, Gas and Chemicals, Inc. (“Bechtel”) has turned over care, custody, and control of Train 3 to Cheniere.
Cheniere, its subsidiaries, and Bechtel have now declared Substantial Completion on a total of eight liquefaction trains at the Corpus Christi liquefaction project and the Sabine Pass liquefaction project ahead of each train’s guaranteed completion date and within project budgets.
With the achievement of Substantial Completion, financial results of LNG sales from Train 3 going forward will be reflected in the statement of operations of Cheniere and its applicable affiliates.
About Cheniere
Cheniere Energy, Inc. is the leading producer and exporter of liquefied natural gas (LNG) in the United States, reliably providing a clean, secure, and affordable solution to the growing global need for natural gas. Cheniere is a full-service LNG provider, with capabilities that include gas procurement and transportation, liquefaction, vessel chartering, and LNG delivery. Cheniere has one of the largest liquefaction platforms in the world, consisting of the Sabine Pass and Corpus Christi liquefaction facilities on the U.S. Gulf Coast, with expected total production capacity of approximately 45 million tonnes per annum of LNG operating or under construction. Cheniere is also pursuing liquefaction expansion opportunities and other projects along the LNG value chain. Cheniere is headquartered in Houston, Texas, and has additional offices in London, Singapore, Beijing, Tokyo, and Washington, D.C.
For additional information, please refer to the Cheniere website at www.cheniere.com and Annual Report on Form 10-K for the year ended December 31, 2020, filed with the Securities and Exchange Commission.
Forward-Looking Statements
This press release contains certain statements that may include “forward-looking statements” within the meanings of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical or present facts or conditions, included herein are “forward-looking statements.” Included among “forward-looking statements” are, among other things, (i) statements regarding Cheniere’s financial and operational guidance, business strategy, plans and objectives, including the development, construction and operation of liquefaction facilities, (ii) statements regarding expectations regarding regulatory authorizations and approvals, (iii) statements expressing beliefs and expectations regarding the development of Cheniere’s LNG terminal and pipeline businesses, including liquefaction facilities, (iv) statements regarding the business operations and prospects of third parties, (v) statements regarding potential financing arrangements, (vi) statements regarding future discussions and entry into contracts, (vii) statements relating to the amount and timing of share repurchases, and (viii) statements regarding the COVID-19 pandemic and its impact on our business and operating results. Although Cheniere believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Cheniere’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in Cheniere’s periodic reports that are filed with and available from the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required under the securities laws, Cheniere does not assume a duty to update these forward-looking statements.
Cheniere Contacts
Investors
Randy Bhatia
713-375-5479
Megan Light
713-375-5492
Media Relations
Eben Burnham-Snyder
713-375-5764
Jenna Palfrey
713-375-5491
CENTRAL ISLIP, N.Y.--(BUSINESS WIRE)--CVD Equipment Corporation (NASDAQ: CVV), a leading provider of chemical vapor deposition systems, announced today that it will release its 2020 fourth quarter and year end results after markets close on Wednesday, March 31, 2021. CVD Management will hold a conference call to discuss its results at 4:30 pm (Eastern Time) that day.
To participate in the live conference call, please dial toll free (877) 407-2991 or International (201) 389-0925. A telephone replay will be available for 7 days. To access the replay, dial (877) 660-6853 or international (201) 612-7415. The replay passcode is 13718134.
A live and archived webcast of the call will also be available on the company's website at www.cvdequipment.com/events. The archived webcast will be available at the same location approximately two hours following the end of the live event.
About CVD Equipment Corporation
CVD Equipment Corporation (NASDAQ: CVV) designs, develops, and manufactures a broad range of chemical vapor deposition, gas control, and other state-of-the-art equipment and process solutions used to develop and manufacture materials and coatings for research and industrial applications. This equipment is used by its customers to research, design, and manufacture these materials or coatings for aerospace engine components, medical implants, semiconductors, solar cells, smart glass, carbon nanotubes, nanowires, LEDs, MEMS, and other applications. Through its application laboratory, the Company provides process development support and process startup assistance with the focus on enabling tomorrow’s technologies™. It’s wholly owned subsidiary CVD Materials Corporation provides advanced materials and metal surface treatments and coatings to serve demanding applications in the electronic, biomedical, petroleum, pharmaceutical, and many other industrial markets.
Thomas McNeill, CFO
Phone: (631) 981-7081
Fax: (631) 981-7095
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LYNCHBURG, Va.--(BUSINESS WIRE)--$BWXT--BWX Technologies, Inc. (NYSE: BWXT) (“BWXT”) announced today that it plans to offer up to $400 million aggregate principal amount of senior notes due 2029 (the “Notes”) in a private transaction exempt from the registration requirements of the Securities Act of 1933, as amended (the “Act”). The Notes will be guaranteed by each of BWXT’s present and future direct and indirect wholly owned domestic subsidiaries that is a guarantor under BWXT’s credit facility.
BWXT intends to use the net proceeds from the offering, together with cash on hand or borrowings under its credit facility, to redeem, on or after July 15, 2021, all of its outstanding 5.375% senior notes due 2026 (the “2026 Notes”) at the then-applicable redemption price. Pending the application of the net proceeds to redeem all outstanding 2026 Notes, BWXT intends to repay in full all indebtedness outstanding under its credit facility, with the remaining net proceeds to be held in cash or invested in short-term interest-bearing accounts, securities or similar investments. There can be no assurance that the offering of the Notes will be completed.
The Notes and the related guarantees have not been registered under the Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption. The Notes will be offered only to persons reasonably believed to be qualified institutional buyers under Rule 144A and to persons outside the United States under Regulation S.
This press release is neither an offer to sell nor a solicitation of an offer to buy any securities, nor shall there be any offer, solicitation or sale of the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Forward-Looking Statements
BWXT cautions that this press release contains forward-looking statements, including, without limitation, statements regarding the anticipated offering of the Notes, the redemption of the 2026 Notes, the repayment of indebtedness under its credit facility and the other expected use of proceeds. These forward-looking statements are based on management’s current expectations and involve a number of risks and uncertainties, including, among other things, material adverse changes in economic or industry conditions generally and the market demand for the Notes. If one or more of these risks or other risks materialize, actual results may vary materially from those expressed or implied in these forward-looking statements. For a more complete discussion of other risk factors affecting BWXT, see BWXT’s filings with the Securities and Exchange Commission, including BWXT’s annual report on Form 10-K for the year ended December 31, 2020. BWXT cautions not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and undertakes no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.
About BWXT
At BWX Technologies, Inc. (NYSE: BWXT), we are People Strong, Innovation Driven. Headquartered in Lynchburg, Va., BWXT provides safe and effective nuclear solutions for national security, clean energy, environmental remediation, nuclear medicine and space exploration. With approximately 6,700 employees, BWXT has 12 major operating sites in the U.S. and Canada. In addition, BWXT joint ventures provide management and operations at more than a dozen U.S. Department of Energy and NASA facilities.
Investor Contact:
Mark Kratz
Vice President, Investor Relations
980-365-4300
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Media Contact:
Jud Simmons
Director, Media and Public Relations
434-522-6462
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NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (the “Company”) announced today the pricing of its previously announced private offering of $1.5 billion aggregate principal amount of senior secured notes due 2026 (the “Notes”). The Notes will bear interest at 6.500% per annum and will be issued at an issue price equal to 100% of principal, plus accrued interest, if any, from April 12, 2021. The closing of the offering is subject to certain limited conditions.
Subject to certain exceptions and thresholds, the Notes will be guaranteed on a senior secured basis by each domestic subsidiary and foreign subsidiary that is a wholly-owned restricted subsidiary of the Company that is a guarantor under its existing senior secured notes. The Notes will be secured by substantially the same collateral as the Company’s existing first lien obligations under its existing senior secured notes.
The Company intends to use a portion of the net proceeds from this offering to fund the cash consideration for its previously announced acquisition of Golar LNG Partners L.P. and pay related fees and expenses. The offering is not contingent on the completion of the acquisition. The Company intends to use any remaining proceeds from this offering for general corporate purposes, including making investments in developing projects. The Notes will be subject to a special mandatory redemption. If the acquisition is not consummated on or prior to October 13, 2021, the Notes will be redeemed at a price equal to 100% of the aggregate principal amount of the Notes, plus accrued and unpaid interest on the principal amount of the Notes to, but not including, the special mandatory redemption date.
The Notes and the guarantees thereof were offered in the United States to qualified institutional buyers under Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to persons outside of the United States under Regulation S under the Securities Act. The Notes and the guarantees thereof will not be registered under the Securities Act or any state securities laws, and, unless so registered, may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
About New Fortress Energy Inc.
New Fortress Energy is a global energy infrastructure company founded to help accelerate the world’s transition to clean energy. The company funds, builds and operates natural gas infrastructure and logistics to rapidly deliver fully integrated, turnkey energy solutions that enable economic growth, enhance environmental stewardship and transform local industries and communities.
Cautionary Language Regarding Forward-Looking Statements
This press release contains forward-looking statements, including but not limited to statements regarding the consummation of the offering or the Company’s anticipated use of the net proceeds from the offering. All statements contained in this press release other than historical information are forward-looking statements that involve known and unknown risks and relate to future events, our future financial performance or our projected business results. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “projects,” “targets,” “potential” or “continue” or the negative of these terms or other comparable terminology. Such forward-looking statements are necessarily estimates based upon current information and involve a number of risks and uncertainties. Actual events or results may differ materially from the results anticipated in these forward-looking statements as a result of a variety of factors.
All forward-looking statements speak only as of the date on which it is made. When considering forward-looking statements, you should keep in mind the risk factors and other cautionary statements included in our annual, quarterly and other reports we file with the SEC. We undertake no duty to update these forward-looking statements, even though our situation may change in the future. Furthermore, we cannot guarantee future results, events, levels of activity, performance, projections or achievements.
IR:
Alan Andreini
(212) 798-6128
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Joshua Kane
(516) 268-7455
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Media:
Jake Suski
(516) 268-7403
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Partnership introduces industry first, AI-enhanced cloud native solution for the OSDU™ Data Platform optimized for Microsoft Azure
LONDON & REDMOND, Wash.--(BUSINESS WIRE)--Schlumberger and Microsoft announced an expanded strategic partnership to accelerate new technologies for the energy industry. The first offering, the Schlumberger Enterprise Data Management Solution for the OSDU Data Platform—a new industry standard for energy data—is available today. Energy companies will now benefit from an OSDU-compliant solution, and the ability to seamlessly connect to the DELFI* cognitive E&P environment from Schlumberger. The Enterprise Data Management Solution is ready for global customers to deploy on Microsoft Azure, Schlumberger’s preferred global public cloud platform for OSDU-compatible solutions.
The companies’ mutual contributions to the first commercial release of the OSDU Data Platform establish the foundation of the Schlumberger Enterprise Data Management Solution. Through this partnership they will enhance the Enterprise Data Management Solution, tighten integration with OSDU and develop new scalable data ingestion capabilities, unified AI templates and domain services. These new joint solutions will be built using industry focused cloud, data and AI innovations and domain expertise from Microsoft and Schlumberger. The companies will work together to bring these new products to market, including sales, service and support.
“Introducing a global cloud-based data solution, built by Schlumberger and Microsoft, means the energy industry can fully embrace their digital transformation with confidence. By working together, we have opened access to data and AI, unlocking significant potential for productivity increases and performance gains across all domains,” comments Hinda Gharbi, executive vice president Services and Equipment, Schlumberger. “These new possibilities and opportunities have become a reality today; our joint solution is available for deployment on Azure across the globe. Our industry can now quicken the pace of innovation to accelerate the digital future of energy.”
“Our expanded partnership with Schlumberger underscores the vision we share to help the energy industry’s digital transformation,” said Scott Guthrie, executive vice president, Cloud + AI, Microsoft. “By harnessing AI technologies, companies can simplify their data to gain valuable insights and streamline workflows. Built on Azure, and open and interoperable by design, these new solutions and platforms will enable every customer and partner in the energy industry to compete and thrive.”
More detail about the current Enterprise Data Management Solution can be found here. Additional information about the future joint solution will come at a later date.
About Schlumberger
Schlumberger (SLB: NYSE) is a technology company that partners with customers to access energy. Our people, representing over 160 nationalities, are providing leading digital solutions and deploying innovative technologies to enable performance and sustainability for the global energy industry. With expertise in more than 120 countries, we collaborate to create technology that unlocks access to energy for the benefit of all.
Find out more at www.slb.com.
About Microsoft
Microsoft (Nasdaq “MSFT” @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more.
*Mark of Schlumberger
Media
Giles Powell – Director of Corporate Communication, Schlumberger Limited
Tel: +1 (713) 375-3494
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Microsoft Media Relations, WE Communications for Microsoft
Tel: + 1 (425) 638-7777
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Investors
Ndubuisi Maduemezia – Vice President of Investor Relations, Schlumberger Limited
Joy V. Domingo – Director of Investor Relations, Schlumberger Limited
Tel: +1 (713) 375-3535
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CORAL GABLES, Fla.--(BUSINESS WIRE)--Quirch Foods today announced an expanded commitment to Environmental, Social and Governance (ESG) principles and practices. In 2020, the company launched a CEO-led executive steering committee to define and oversee plans to achieve long-term, strategic and data-driven goals to address a range of social and environmental issues and build customer and consumer trust. Quirch Foods's specific ESG initiatives include:
These commitments build on past successes and continued efforts to position Quirch Foods as a global leader in terms of sustainability within the food space. In the past year, for example, the company reduced its food waste by 57% through enhanced vigilance and systemic management. Additionally, the company has sponsored employee volunteer events engaging with local foods banks for food donations.
“Quirch Foods has been making significant strides in building our wholesale, services, and brands by putting a heightened emphasis on social/environmental priorities, including the well-being of our associates and the communities we serve," said Frank Grande, President and CEO of Quirch Foods.
“Leading by example is a big part of our culture,” continued Grande. "As we move forward, we have a robust plan to continue pursuing real solutions to help address climate change, improve food sourcing and energy preservation as a company, and creating an innovative, conscious and diverse workplace promoting equal opportunity, with a zero tolerance for discrimination."
Quirch Foods has been owned by affiliates of Palladium Equity Partners, LLC, a middle market private equity firm with nearly $3 billion in assets under management, since 2018. Palladium supported Quirch Foods’ purchase of Butts Foods in May 2020 as well as the merger with Colorado Boxed Beef in October 2020.
About Quirch Foods®
Quirch Foods is a food distribution company servicing ethnic and national grocers as well as foodservice distribution customers across the United States, the Caribbean, and Central and South America. Quirch Foods operates approximately 480 refrigerated trucks and over 2.2 million square feet of distribution space among 21 facilities in Florida, Georgia, North Carolina, Tennessee, Alabama, Illinois, Texas, Washington, Oregon, and Puerto Rico. Quirch Foods is the exclusive distributor of High River Angus®, McKinneys Beef®, Panamei Seafood®, Diamond Reef® seafood, KikiriQuirch®, Jackson Farms™, Mambo Foods®, and is a licensed distributor of Certified Angus Beef® and Chiquita® frozen fruits.
Through IQ Foods’ Suspended Fresh™ program, customers leverage innovative technology and processes to buy and store proteins for a later delivery, with the product arriving fresh, never frozen.
Quirch Foods operates through a family of well recognized companies. For more information visit quirchfoods.com, coloradoboxedbeef.com, pacfoods.com, ejfoodsnw.com, buttsfoods.com, greatfishco.com, helmsmanfreightsolutions.com, and phoenixfl.com.
To learn more about our brands, visit: highriverangus.com, panamei.com, diamondreefseafood.com, and mambofoods.com. Follow us on Facebook, Twitter, Instagram, LinkedIn, or call (800) 458-5252.
Quirch Foods, LLC
Jorge Roza
305-691-3535 ext. 2278
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