Women in Trucking honors leading employers for women
GREEN BAY, Wis.--(BUSINESS WIRE)--Schneider (NYSE: SNDR), a premier multimodal provider of transportation, intermodal and logistics services, has been named a 2022 Top Company for Women to Work for in Transportation year over year by Redefining the Road, the official magazine of the Women in Trucking Association (WIT).
WIT recognized companies for their efforts in the following:
“We are excited that there’s been a significant uptick in women interested in pursuing a career in trucking,” said Schneider Executive Vice President of Human Resources Angela Fish. “We are incredibly proud to be recognized as a leader in increasing accessibility and removing fundamental obstacles that have long deterred women from entering the industry.”
Schneider has created an environment where women feel comfortable and can advance their trucking careers, exemplified by their leadership mentor program in which 47% of participants are women.
KayLeigh McCall, driver and training engineer at Schneider, serves as WIT’s Driver Ambassador. While shipping across the country, McCall encourages more women to join the industry and raises awareness around gender equity.
“I continue to be humbled to serve in this role and encourage all women to consider a career in trucking,” said McCall. “I have been unbelievably fortunate that Schneider facilitates a safe and inclusive culture that empowers women, no matter the age, to discover their passion for driving.”
Schneider will be formally recognized at the WIT Accelerate! Conference & Expo this week in Texas.
To learn more about how Schneider supports women in the industry, visit: https://schneider.com/company/corporate-responsibility/diversity-equity-inclusion
About Schneider
Schneider is a premier provider of transportation, intermodal and logistics services. Offering one of the broadest portfolios in the industry, Schneider’s solutions include Regional and Long-Haul Truckload, Expedited, Dedicated, Bulk, Intermodal, Brokerage, Warehousing, Supply Chain Management, Port Logistics and Logistics Consulting.
With nearly $5.6 billion in annual revenue, Schneider has been safely delivering superior customer experiences and investing in innovation for over 85 years. The company’s digital marketplace, Schneider FreightPower®, is revolutionizing the industry giving shippers access to an expanded, highly flexible capacity network and provides carriers with unmatched access to quality drop-and-hook freight – Always Delivering, Always Ahead.
For more information about Schneider, visit Schneider.com or follow the company socially on Facebook, LinkedIn and Twitter: @WeAreSchneider.
Source: Schneider SNDR
Kara Leiterman, Media Relations Manager
M 920-370-7188
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PASADENA, Calif.--(BUSINESS WIRE)--#MITgrad--Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services in water, environment, sustainable infrastructure, and renewable energy, announced today that the Board of Directors has appointed Christiana Obiaya as its newest Board Member. Ms. Obiaya joins the Board effective January 2, 2023, and will serve on the Audit and Strategic Planning and Enterprise Risk Committees.
Ms. Obiaya brings to Tetra Tech’s Board approximately 20 years of experience in strategy, finance, and project management focused on energy and infrastructure development and sustainable technologies. She is Chief Financial Officer of Heliogen, a renewable energy technology company that uses AI-enabled solar technology to support the clean energy transition. She also serves as Head of Heliogen's Executive Committee.
From 2017 to 2021, Ms. Obiaya served as Chief Financial Officer and head of strategy for Bechtel’s multi-billion-dollar, global Energy business unit. She also held various leadership roles at Bechtel in finance, strategy, and project development, investment, and execution from 2010 to 2017. Prior to joining Bechtel, Ms. Obiaya worked on renewable energy projects supporting energy access for rural communities in Kenya and India from 2008 to 2009. She began her career as an engineer at a multinational consumer goods company from 2004 to 2008, designing products and scaling up manufacturing processes.
“Tetra Tech is pleased to welcome Ms. Obiaya, who brings extraordinary experience in finance, strategy, and renewable energy project development,” said Dan Batrack, Tetra Tech Chairman and CEO. “Her combined expertise affords her unique insight into the critical role of our project managers and technical experts in creating technology-enabled solutions that support our clients’ long-term sustainability and decarbonization goals.”
Ms. Obiaya holds a Master of Business Administration and a Bachelor of Science in Chemical Engineering from the Massachusetts Institute of Technology.
About Tetra Tech
Tetra Tech is a leading provider of high-end consulting and engineering services for projects worldwide. With 21,000 associates working together, Tetra Tech provides clear solutions to complex water, environment, sustainable infrastructure, renewable energy, and international development problems. We are Leading with Science® to provide sustainable and resilient solutions for our clients. For more information about Tetra Tech, please visit tetratech.com or follow us on LinkedIn, Twitter, and Facebook.
Any statements made in this release that are not based on historical facts are forward-looking statements. Any forward-looking statements made in this release represent management’s best judgment as to what may occur in the future. However, Tetra Tech’s actual outcome and results are not guaranteed and are subject to certain risks, uncertainties and assumptions ("Future Factors"), and may differ materially from what is expressed. For a description of Future Factors that could cause actual results to differ materially from such forward-looking statements, see the discussion under the section "Risk Factors" included in the Company’s Form 10-K and Form 10-Q filings with the Securities and Exchange Commission.
Jim Wu, Investor Relations
Charlie MacPherson, Media & Public Relations
(626) 470-2844
Carrier recognized for helping Ulta Beauty better align with sustainability goals
GREEN BAY, Wis.--(BUSINESS WIRE)--Schneider (NYSE: SNDR), a premier multimodal provider of transportation, intermodal and logistics services, is proud to announce the company has been recognized as a valued carrier by Ulta Beauty.
At the Ulta Beauty Transportation Conference in September, Schneider received an award in recognition of one of Ulta Beauty’s core values – “Love what you do, own what you do.” Schneider has been a reliable carrier for Ulta Beauty for over seven years, meeting and exceeding their daily metrics requirements and consistently finding unique routes of improvement to strengthen the supply chain process.
“We are honored to have been selected for this award by Ulta Beauty,” said Schneider Senior Vice President of Transportation Management Ben Schuchart. “Schneider strives to be the premier provider for customers, providing them with agile and timely solutions to further their business goals. In this instance, we were able to work as a trusted and expert resource for Ulta Beauty to reduce their carbon footprint and create a sustainable supply chain for the long term.”
This past year, Ulta Beauty benefited from Schneider’s expertise in transportation sustainability. The carrier completed a network study for Ulta Beauty to convert a part of their supply chain to intermodal operations to better align with their overarching sustainability goals. Moving freight by rail has significant environmental benefits – a container can be shipped 500 miles on the equivalent of a single gallon of fuel. This past quarter, Schneider successfully executed Ulta Beauty’s first intermodal shipments.
Schneider’s focus remains on providing customers with excellent service and their promise of always delivering. To learn more about sustainability at Schneider, visit: https://schneider.com/company/corporate-responsibility/sustainability.
About Schneider
Schneider is a premier provider of transportation, intermodal and logistics services. Offering one of the broadest portfolios in the industry, Schneider’s solutions include Regional and Long-Haul Truckload, Expedited, Dedicated, Bulk, Intermodal, Brokerage, Warehousing, Supply Chain Management, Port Logistics and Logistics Consulting.
With nearly $5.6 billion in annual revenue, Schneider has been safely delivering superior customer experiences and investing in innovation for over 85 years. The company’s digital marketplace, Schneider FreightPower®, is revolutionizing the industry giving shippers access to an expanded, highly flexible capacity network and provides carriers with unmatched access to quality drop-and-hook freight – Always Delivering, Always Ahead.
For more information about Schneider, visit Schneider.com or follow the company socially on Facebook, LinkedIn and Twitter: @WeAreSchneider.
Kara Leiterman, Media Relations Manager
M 920-370-7188
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VISTA, Calif.--(BUSINESS WIRE)--Flux Power Holdings, Inc. (NASDAQ: FLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, has expanded the role of Jeff Mason, Vice President of Operations, to include additional Company authority and delegation. In this role, Jeff will continue to strategically lead operations to ensure quality and efficiency in supply chain, logistics and manufacturing.
Mr. Mason served as the Director of Manufacturing of Flux Power from 2020 to 2021, and Vice President of Operations since December 2021. Prior to joining the Company, Mr. Mason was the plant manager at NEO Tech, and has also worked at Sumitomo Electric Interconnect Products, Inc., Radio Design Labs, Inc., and Motorola Inc. during his career.
In this expanded position, Jeff’s responsibilities will include: the execution of the company’s operations, logistics, and manufacturing to ensure efficient delivery of growing purchase orders, improving backlog and continued expansion of margins through improved sourcing and supply chain management, and continual process improvement.
About Flux Power Holdings, Inc.
Flux Power (NASDAQ: FLUX) designs, manufactures, and sells advanced lithium-ion energy storage solutions for electrification of a range of industrial and commercial sectors including material handling, airport ground support equipment (GSE), and stationary energy storage. Flux Power’s lithium-ion battery packs, including the proprietary battery management system (BMS) and telemetry, provide customers with a better performing, lower cost of ownership, and more environmentally friendly alternative, in many instances, to traditional lead acid and propane-based solutions. Lithium-ion battery packs reduce CO2 emissions and help improve sustainability and ESG metrics for fleets. For more information, please visit www.fluxpower.com.
Forward-Looking Statements
This release contains projections and other "forward-looking statements" relating to Flux Power’s business, that are often identified using "believes," "expects" or similar expressions. Forward-looking statements involve several estimates, assumptions, risks, and other uncertainties that may cause actual results to be materially different from those anticipated, believed, estimated, expected, etc. Such forward-looking statements include impact of COVID-19 on Flux Power’s business, results and financial condition; Flux Power’s ability to obtain raw materials and other supplies for its products at competitive prices and on a timely basis, particularly in light of the potential impact of the COVID-19 pandemic on its suppliers and supply chain; the development and success of new products, projected sales, deferral of shipments, Flux Power’s ability to fulfill backlog orders or realize profit from the contracts reflected in backlog sale; Flux Power’s ability to fulfill backlog orders due to changes in orders reflected in backlog sales, Flux Power’s ability to obtain the necessary funds under the credit facilities, Flux Power’s ability to timely obtain UL Listing for its products, Flux Power’s ability to fund its operations, distribution partnerships and business opportunities and the uncertainties of customer acceptance and purchase of current and new products, and Flux Power’s ability to negotiate and enter into a definitive agreement in connection with the Letter of Intent. Actual results could differ from those projected due to numerous factors and uncertainties. Although Flux Power believes that the expectations, opinions, projections, and comments reflected in these forward-looking statements are reasonable, they can give no assurance that such statements will prove to be correct, and that the Flux Power’s actual results of operations, financial condition and performance will not differ materially from the results of operations, financial condition and performance reflected or implied by these forward-looking statements. Undue reliance should not be placed on the forward-looking statements and Investors should refer to the risk factors outlined in our Form 10-K, 10-Q and other reports filed with the SEC and available at www.sec.gov/edgar. These forward-looking statements are made as of the date of this news release, and Flux Power assumes no obligation to update these statements or the reasons why actual results could differ from those projected.
Flux, Flux Power, and associated logos are trademarks of Flux Power Holdings, Inc. All other third-party brands, products, trademarks, or registered marks are the property of and used to identify the products or services of their respective owners.
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THE WOODLANDS, Texas & ARLINGTON, Texas--(BUSINESS WIRE)--Priority Power Management, Inc. ("Priority Power" or the "Company"), a leader in energy optimization and infrastructure offering smart energy solutions and streamlined transitions to carbon neutrality, announced that it successfully refinanced its existing debt and increased its credit facility from $85 million to $250 million. Priority Power Management LLC, a wholly-owned subsidiary of Priority Power, executed the new five-year credit agreement comprising a $150 million revolving credit facility, $50 million term loan and $50 million revolver accordion.
The new credit facility allows Priority Power to build upon its track record of successful growth, including four closed acquisitions since 2021. The company currently manages approximately $3 billion of energy spend for its 7,000+ clients across over 40 states in the U.S. and has completed $0.3 billion of energy infrastructure projects with an additional $1 billion in various stages of development.
“Priority Power has become a trusted industry leader over its 20+ year history, and this new credit facility is a clear reflection of the Company’s recent growth to date and robust future outlook," said Joe Loner, CFO of Priority Power. “The combination of flexible and cost-efficient capital with a premier group of financial institutions will allow Priority Power to continue our calculated growth strategy. I would like to thank the teams at BMO Capital Markets, Bank of America, First Horizon, Citibank and Regions Bank for their partnership with the Company and efforts completing this transaction.”
“BMO has a strong relationship with Priority Power, and we’re impressed with its growth and trajectory,” said Brad Chapin, Global Head Corporate Banking, BMO Capital Markets. “Partnering with Priority Power, a leader in decarbonization, fits well with our ambition to be our clients’ lead partner in the transition to a net-zero world.”
“I am proud of our team’s accomplishments and thankful to our lending partners for completing the refinancing,” said Brandon Schwertner, CEO, Priority Power. “This new credit facility combined with the banks we are partnering with will further accelerate our growth objectives and allow us to continue carrying out our mission of leading the energy transition with innovative client-focused solutions built upon integrity, trust, and transparency.”
BMO Harris Bank, N.A. is acting as administrative agent, with BMO Capital Markets, BofA Securities, Inc. and First Horizon Bank serving as Joint Lead Arrangers.
White & Case LLP served as counsel to Priority Power and Paul Hastings LP acted as counsel to BMO Harris Bank, N.A. and other lenders.
About Priority Power:
Priority Power is leading the Energy Transition with innovative client-focused solutions built upon integrity, trust and transparency.
Backed by funds managed by Oaktree Capital Management and Ara Partners, Priority Power serves over 7,000 clients, totaling $3 billion in energy spend, across nearly every industry and vertical, and has over $0.3 billion of energy infrastructure projects completed and approximately $1 billion in varying stages of development.
Priority Power combines energy optimization and infrastructure expertise, with our proprietary technology, PriorityView, to help largescale commercial/industrial businesses achieve decarbonization and sustainability goals while also maximizing savings and efficiency. For more information on Priority Power, please visit www.prioritypower.com and https://www.linkedin.com/company/priority-power/.
Katherine Tappan
Investor Relations
501-951-5282
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HOUSTON & SYDNEY--(BUSINESS WIRE)--Civeo Corporation (NYSE: CVEO) today announced that it was awarded a five-year contract with a leading resources player to provide integrated services at six villages in Western Australia. Civeo was previously contracted to provide integrated services at four of the villages. The new contract took effect October 01, 2022 and includes options to extend the agreement by up to two years.
The new contract will incorporate accommodation, catering, and retail services; village, mine, and port site cleaning services; facilities maintenance; and the provision of health and wellbeing solutions.
It is anticipated the initial five-year commitment will generate approximately A$600m in revenues over 2022-2027. This contract was already contemplated in Civeo’s full year 2022 consolidated, adjusted EBITDA guidance of US$110 - $115 million communicated on its third quarter 2022 earnings conference call.
“This contract renewal reaffirms the strength of Civeo’s customer relationships and the high quality of our hospitality services. We are excited to grow our integrated services business by providing services to two additional villages. We look forward to capitalizing on further opportunities to grow as we maintain our commitment to top-tier service for all our customers,” said Peter McCann, Civeo’s Managing Director & Senior Vice President, Australia.
About Civeo
Civeo Corporation is a leading provider of hospitality services with prominent market positions in the Canadian oil sands and the Australian natural resource regions. Civeo offers comprehensive solutions for lodging hundreds or thousands of workers with its long-term and temporary accommodations and provides food services, housekeeping, facility management, laundry, water and wastewater treatment, power generation, communications systems, security and logistics services. Civeo currently operates a total of 27 lodges and villages in Canada, Australia and the U.S., with an aggregate of over 28,000 rooms. Civeo is publicly traded under the symbol CVEO on the New York Stock Exchange. For more information, please visit Civeo's website at www.civeo.com.
Forward Looking Statements
Statements included in this release regarding this contract award, the expected benefits and contracted revenue visibility and other statements that are not historical facts, are forward-looking statements (including within the meaning of Section 21E of the Securities Exchange Act of 1934 and Section 27A of the Securities Act of 1933). Forward-looking statements include words or phrases such as "anticipate," "believe," "contemplate," "estimate," "expect," "intend," "plan," "project," "could," "may," "might," "should," "will" and words and phrases of similar import. The forward-looking statements included herein are based on current expectations and entail various risks and uncertainties that could cause actual results to differ materially from those expressed or implied by these forward-looking statements. Risks and uncertainties with respect to forward-looking statements included herein include, among other things, risks associated with the ability of Civeo to implement its plans, forecasts and other expectations with respect to this contract, risks associated with the general nature of the accommodations industry (including lower than expected room requirements), risks associated with the level of supply and demand for oil, coal, natural gas, iron ore and other minerals, including the level of demand for coal and other natural resources from Australia, and fluctuations in the current and future prices of oil, coal, natural gas, iron ore and other minerals, risks associated with currency exchange rates, risks associated with the development of new projects, including whether such projects will continue in the future, and other factors discussed in the "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Risk Factors" sections of Civeo's annual report on Form 10-K for the year ended December 31, 2021 and other reports Civeo may file from time to time with the U.S. Securities and Exchange Commission. Each forward-looking statement contained in this release speaks only as of the date of this release. Except as required by law, Civeo expressly disclaims any intention or obligation to revise or update any forward-looking statements, whether as a result of new information, future events or otherwise.
Regan Nielsen
Civeo Corporation
Senior Director, Corporate Development & Investor Relations
713-510-2400
Drivers using the Electric Circuit and SWTCH apps can now access thousands more charging stations across North America.
TORONTO--(BUSINESS WIRE)--SWTCH Energy, a company pioneering electric vehicle (EV) charging solutions for multi-tenant properties across North America, and the Electric Circuit, the leading EV charging operator and network in Québec, announced today that their charging stations and apps are now interoperable. This will make it more seamless for EV drivers to access thousands of charging stations across North America.
SWTCH and Electric Circuit account owners will be able to charge on either network through their preferred network’s mobile app without having to create another account. SWTCH drivers will gain access to an additional 3,800 chargers, including 600 fast-charging stations, in Québec and parts of eastern Ontario; meanwhile, Electric Circuit drivers will be able to access an additional 2,750 chargers at multi-tenant properties across North America. There is no action required by drivers or building owners and managers to enable roaming.
“With forty-six percent of all registered electric vehicles in Canada located in Québec, this agreement with the Electric Circuit allows us to give our drivers more charging opportunities at home, work, and on-the-go. We are excited to expand our charging network through roaming and eliminate range anxiety for our users,” said Carter Li, SWTCH CEO and Co-Founder.
“Electric vehicle owners want to have the freedom to go wherever they want and they want that experience to be as seamless as possible. The new roaming agreement between SWTCH Energy and the Electric Circuit helps us meet that need for our users.” said France Lampron, Director – Energy and Mobility Solutions at Hydro-Québec.
The roaming integration is enabled by Québec-based ChargeHub’s Passport Hub solution, a platform that lets drivers use multiple charging networks through a single account of their choice. Roaming between the two networks is now live and drivers can use either the SWTCH or Electric Circuit mobile app to easily find, access and pay for charging. SWTCH stations are now also available for activation in the ChargeHub app by the same measure.
“We’re thrilled to add SWTCH as a Passport Hub partner,” said Simon Ouellette, CEO at ChargeHub. “This partnership will enable a growing number of Electric Circuit users to seamlessly activate charging sessions on SWTCH’s network of charging stations, which is expanding in the province of Ontario and across North America. At the same time, SWTCH users will now be able to seamlessly activate charging stations operated by the Electric Circuit.”
About SWTCH Energy Inc.
Headquartered in Toronto, Ontario, with offices in Brooklyn and Boston, SWTCH is pioneering EV charging solutions for multifamily and commercial properties across North America. SWTCH leverages the latest technology available to help building owners and operators deploy EV charging by tapping into their existing grid infrastructure. Through constant innovation and an extensive partnership network, SWTCH provides the most profitable and unique business model for multi-tenant buildings to stay competitive. For more information, visit www.swtchenergy.com.
About the Electric Circuit
The Electric Circuit is the largest public charging network for electric vehicles in Québec. It consists of more than 3,800 public charging stations, including over 700 fast-charge stations, in every region of the province. Electric Circuit users have access to a 24/7 telephone help line as well as a charging-station locator service. The Electric Circuit website and Electric Circuit mobile app for iOS and Android are updated as new stations are rolled out. Members can also use their Electric Circuit card or mobile app to access the ChargePoint network, the FLO network and New Brunswick’s eCharge Network.
About ChargeHub by Mogile Technologies Inc.
Founded in 2013, ChargeHub by Mogile Technologies Inc. is a community-driven electric vehicle (EV) platform with the mission to improve the customer experience (CX). The platform offers a suite of charging solutions that drive lasting performance improvement in EV adoption and infrastructure deployment. The ChargeHub app leverages the contributions of its EV community to enable transparency in the reliability and accessibility of public charging stations on the North American continent. More recently, ChargeHub launched its Passport Hub interoperability solution enabling CPOs and eMSPs to interoperate seamlessly through a single business/legal/technical framework. Today, over 60,000 charging ports in the US and Canada are interoperable through the Passport Hub. For more information, visit www.chargehub.com.
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TULSA, Okla.--(BUSINESS WIRE)--Williams (NYSE: WMB) today announced that it has entered into a non-binding heads of agreement (HOA) with Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), that establishes the elements of an integrated platform to further connect the prolific Haynesville basin to growing LNG export demand along the Gulf Coast and around the world. The HOA contemplates long-term gas sales of approximately 0.5 billion cubic feet per day (Bcf/d) delivered near Gillis, Louisiana, and two LNG offtake agreements for approximately 3 million tons per annum (mtpa) in the aggregate from Sempra Infrastructure’s proposed Cameron LNG Phase 2 and Port Arthur LNG projects. These proposed transactions complement Williams’ recently sanctioned low-carbon Louisiana Energy Gateway (LEG) gathering project and are expected to include connections to pipelines serving Sempra Infrastructure’s LNG export facilities.
As part of the proposed transaction, Williams and Sempra Infrastructure plan to form a strategic joint venture to own, expand and operate the Cameron Interstate Pipeline that is expected to deliver natural gas to the proposed Cameron LNG Phase 2 in Hackberry, Louisiana. Additional pipelines are also expected to be owned by the joint venture, including the Louisiana Connector Pipeline expected to deliver natural gas to Sempra Infrastructure’s proposed Port Arthur LNG facility, located in Port Arthur, Texas.
“Williams is pleased to pursue this strategic transaction with Sempra Infrastructure. We see it as an opportunity to combine our capabilities along the natural gas value chain and increase the delivery of low-carbon, affordable and reliable natural gas from the wellhead to the growing international market,” said Alan Armstrong, president and CEO of Williams. “Facilitating the delivery of next generation natural gas to ease energy constraints at home and overseas, while also helping to meet domestic and global climate goals, is central to our natural gas focused strategy, and we look forward to being well aligned with Sempra Infrastructure’s unique capabilities and competitive advantages in the LNG infrastructure space. Coupling our strengths in the midstream infrastructure space will allow us to provide unrivaled access to international markets for our producing customers.”
“We are excited to continue advancing our U.S. Gulf Coast LNG and associated pipeline projects as we work to help satisfy a growing global demand for cleaner, more reliable energy sources,” said Justin Bird, CEO of Sempra Infrastructure. “We look forward to advancing our relationship with Williams, a like-minded company that shares our commitment to building a future of energy abundance, affordability and security.”
Williams’ LEG project, which is expected to go into service in late 2024, will gather 1.8 Bcf/d of natural gas produced in the Haynesville basin. Williams, through partnerships with Context Labs, Encino Environmental and Satlantis, is integrating technology solutions into the project to enable the measurement of end-to-end, verifiable and transparent emissions data to demonstrate the low carbon benefits of produced and delivered Haynesville natural gas. Williams is also exploring the enhancement of the LEG project with the addition of carbon capture and storage infrastructure that will further decarbonize the natural gas value chain.
About Sempra Infrastructure
Sempra Infrastructure delivers energy for a better world. Through the combined strength of its assets in North America, the company is dedicated to enabling cleaner energy for its customers. With a continued focus on sustainability, innovation, world-class safety, championing people, resilient operations and social responsibility, its more than 2,000 employees develop, build and operate clean power, energy networks and LNG and net-zero solutions, that are expected to play a crucial role in the energy systems of the future. For more information about Sempra Infrastructure, please visit www.semprainfrastructure.com and Twitter.
About Williams
As the world demands reliable, low-cost, low-carbon energy, Williams (NYSE: WMB) will be there with the best transport, storage and delivery solutions to reliably fuel the clean energy economy. Headquartered in Tulsa, Oklahoma, Williams is an industry-leading, investment grade C-Corp with operations across the natural gas value chain including gathering, processing, interstate transportation, storage, wholesale marketing and trading of natural gas and natural gas liquids. With major positions in top U.S. supply basins, Williams connects the best supplies with the growing demand for clean energy. Williams owns and operates more than 30,000 miles of pipelines system wide – including Transco, the nation’s largest volume and fastest growing pipeline – and handles approximately 30 percent of the natural gas in the United States that is used every day for clean-power generation, heating and industrial use. Learn how the company is leveraging its nationwide footprint to incorporate clean hydrogen, next generation gas and other innovations at www.williams.com.
The referenced HOA is a preliminary, non-binding arrangement, and the development of Sempra Infrastructure’s LNG and associated pipeline projects remains subject to a number of risks and uncertainties, including reaching definitive agreements, securing all necessary permits, signing engineering and construction contracts where applicable, obtaining financing and reaching a final investment decision for each project.
Portions of this document may constitute “forward-looking statements” as defined by federal law. Although the company believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Any such statements are made in reliance on the “safe harbor” protections provided under the Private Securities Reform Act of 1995. Additional information about issues that could lead to material changes in performance is contained in the company’s annual and quarterly reports filed with the Securities and Exchange Commission.
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First-of-its-Kind Conservation Effort Retires Grazing Rights for Land Mitigation, Permanently Protecting a Swath of Mojave Desert Seven Times Larger than San Francisco
LOS ANGELES & SAN FRANCISCO--(BUSINESS WIRE)--#cleanenergy--Avantus (formerly 8minute), the Bureau of Land Management (BLM), the California Department of Fish and Wildlife (CDFW), and the U.S. Fish and Wildlife Service (USFWS) have partnered to conserve and reallocate more than 215,000 acres from an active grazing allotment to an area permanently dedicated to wildlife forage in Kern County. The Onyx Conservation Project (Onyx) is among the largest mitigation projects in the nation and will provide critical, permanent protection and enhancement of the Mojave Desert plants, including the western Joshua Tree, and animals that live across the expansive site.
Onyx is notable for its historic, contiguous size and is the first time grazing rights have been retired to mitigate for solar projects, a novel approach that balances clean energy development and conservation. A contiguous area seven times larger than the city of San Francisco, Onyx will provide greater benefits for desert species to thrive than traditional mitigation strategies, which typically involve small, disconnected land parcels resembling a checkerboard. Avantus will also invest millions of additional dollars for habitat enhancements across Onyx to jumpstart restoration for desert plants and wildlife species.
“Our Department is committed to the conservation, protection and restoration of the Golden State’s habitat, and this groundbreaking state and federal public-private partnership provides a roadmap for how renewable energy can continue to combat climate change while also providing landscape-level ecosystem benefits to native plants and wildlife,” said CDFW Regional Manager, Julie Vance. “By purchasing and permanently retiring the grazing rights, Avantus is assuring this rich, vibrant land is preserved and its inhabitants can flourish.”
Located between Ridgecrest and Mojave in Kern County, Onyx is particularly well suited for conservation as the area’s habitat includes 20 sensitive wildlife species including the California condor, Mojave desert tortoise, American badger, Mohave ground squirrel and golden eagles. It is also estimated to include more than 80,000 acres of western Joshua tree habitat, including 3,000 acres of dense woodland. This conservation effort will help sustain the health and diversity of the desert ecosystem, which is underlaid by designated Wilderness Areas, Desert National Conservation Lands, and Areas of Critical Environmental Concern. All 215,000 acres will also be open for public recreational use, including hiking and camping.
Onyx demonstrates how collaborative public-private partnerships can work to develop innovative approaches to conserving precious land and deliver on President Biden’s America the Beautiful campaign. The initiative established a national goal to conserve at least 30 percent of U.S. lands and freshwater by 2030, commonly referred to as 30x30, and is designed to help tackle the climate crisis at home and abroad.
“The single greatest threat facing desert ecosystems is climate change, and Avantus is proud to be driving climate solutions that are decarbonizing our planet at the gigaton-level. Our portfolio of utility-scale solar and energy storage centers will deliver affordable, emissions-free energy to tens of millions of Americans, which allows us to embark on innovative mitigation strategies of the same magnitude,” said Dr. Tom Buttgenbach, Founder and CEO of Avantus. “In line with our ambitions to be a clean energy major, the Onyx Conservation Project will provide critical habitat preservation and environmental benefits at a scale our industry has never seen before. This is a prime example of our endless pursuit of smarter, more sustainable solutions and we thank our federal and state partners for working with us on this pioneering effort.”
Avantus is one of California’s top solar and energy storage providers, with a long track record of success in Kern County, including the first operating solar plant to beat fossil fuel prices and a groundbreaking project to deliver solar with storage at record-low prices. The company is on track to provide more than half of California’s utility-scale solar and storage demand over the next decade.
Avantus works closely with wildlife agencies and environmental organizations to advance environmental efforts and safeguard species throughout all stages of a project’s life. Avantus’ past projects have received support from respected groups, including the Sierra Club, Audubon California, Defenders of Wildlife, and the Natural Resources Defense Council.
ABOUT AVANTUS
Avantus is shaping the future by making reliable, accessible clean energy a global reality. Our legacy of leadership in next generation solar energy includes developing the nation’s largest solar cluster and the first plant to beat fossil fuel prices. Today, we are expanding the boundaries of existing technologies to build one of the largest portfolios of smart power plants with integrated storage, capable of providing 30 million people with low-cost, zero-emission energy – day and night. Through our relentless pursuit of better, we are decarbonizing our planet at the gigaton level, and bringing the advantages of clean energy to all of us.
For more information, please visit www.avantus.com, and follow Avantus on Twitter and LinkedIn.
ABOUT THE CALIFORNIA DEPARTMENT OF FISH AND WILDLIFE
The mission of the Department of Fish and Wildlife is to manage California's diverse fish, wildlife, and plant resources, and the habitats upon which they depend, for their ecological values and for their use and enjoyment by the public.
Katie Struble, Avantus, This email address is being protected from spambots. You need JavaScript enabled to view it.
Ken Paglia, CDFW, This email address is being protected from spambots. You need JavaScript enabled to view it.
CEO Bryan Sansbury recognized separately for his leadership
THE WOODLANDS, Texas--(BUSINESS WIRE)--Please replace the release with the following corrected version due to multiple revisions.
The updated release reads:
AEGIS Hedging Solutions Named the #4 Small-Sized Company in Houston Chronicle’s Top Workplaces 2022
CEO Bryan Sansbury recognized separately for his leadership
AEGIS Hedging Solutions (“AEGIS”) has been awarded as a Top Workplaces 2022 honoree by the Houston Chronicle – coming in at #4 out of 155 small-sized companies across the Greater Houston area. AEGIS CEO Bryan Sansbury was also recognized with a special award based on employee confidence in his leadership of the company.
The Top Workplaces 2022 list is based solely on employee feedback gathered through a third-party survey administered by employee engagement technology partner Energage LLC. The confidential survey uniquely measures 15 culture drivers that are critical to the success of any organization, including alignment, execution, and connection.
“Earning a Top Workplaces award is a badge of honor for companies, especially because it comes authentically from their employees,” said Eric Rubino, Energage CEO. “That's something to be proud of. In today's market, leaders must ensure they’re allowing employees to have a voice and be heard. That's paramount. Top Workplaces do this, and it pays dividends. We were particularly impressed with AEGIS’ exceptionally high scores in response to the question, ‘I have confidence in the leader of this company’ and are proud to recognize Bryan individually.”
“Thank you to the Houston Chronicle and Energage. These awards are recognition of and a testament to every person who has helped to build and shape AEGIS. We hustle, dare to do things others won’t, leave it all on the field, and raise people up. Our customers are the only reason we exist and our people make things happen. We have built something special but know we will be even better tomorrow,” said Bryan Sansbury, AEGIS CEO.
ABOUT AEGIS
AEGIS simplifies commodity and environmental markets for companies serious about managing their commodity exposures and/or emission footprints. AEGIS has unmatched technology and expertise to deliver market insights, tailored hedge strategies, efficient and compliant trade execution, and full-cycle management of hedge positions. Building on its core energy hedging capabilities, AEGIS has extended its expertise into environmental and metals markets and built a fully-integrated SaaS E/CTRM software platform. AEGIS was recently named the industry leader in hedging solutions for a sixth consecutive year and a Top 5 Workplace. AEGIS is headquartered in The Woodlands, Texas. To learn more, visit AEGIS' website at www.aegis-hedging.com.
ABOUT ENERGAGE
Making the world a better place to work together.TM
Energage is a purpose-driven company that helps organizations turn employee feedback into useful business intelligence and credible employer recognition through Top Workplaces. Built on 16 years of culture research and the results from 27 million employees surveyed across more than 70,000 organizations, Energage delivers the most accurate competitive benchmark available. With access to a unique combination of patented analytic tools and expert guidance, Energage customers lead the competition with an engaged workforce and an opportunity to gain recognition for their people-first approach to culture. For more information or to nominate your organization, visit energage.com or topworkplaces.com.
AEGIS Hedging Solutions
This email address is being protected from spambots. You need JavaScript enabled to view it., 346-277-0971
https://aegis-hedging.com/
BROMONT, Québec--(BUSINESS WIRE)--Emmanuelle Toussaint, Executive Director at BIOQuébec, Québec's largest biotechnology and life sciences network, has been named one of Canada’s most inspiring climate leaders in the ‘Women in Energy Transformation Series’, an initiative by Women in Renewable Energy (WiRE), GLOBE Series and Pembina Institute. This award celebrates the most powerful women advancing Canada’s transition to a clean economy and identifies opportunities for more women to get involved.
Emmanuelle has been a leading advocate for the energy transition and the promotion of environmental awareness for several years. In 2021, she was also named one of the Top 100 of the most powerful women in Canada by Women's Executive Network (WXN) in the "Executive Leader" category.
"We are talking more and more about sustainability and fighting climate changes. All those concerns can be applied to the ecosystem of life sciences. Not a day goes by that we don't discuss this topic with my colleagues and partners in Canada's life sciences and biotech industry," said Emmanuelle Toussaint.
"We are delighted with this appointment for Mrs. Toussaint. Not only do life sciences players feel that they are making a difference on a daily basis in terms of innovations, for the well-being of our society, but they are also increasingly aware of their environmental impact. It is entirely possible to pursue a mission with a significant impact in health while having a real commitment to sustainable development objectives," said Frédéric Leduc, Chairman of the Board of Directors at BIOQuébec and Chief Scientific Officer at EVAH.
Mrs. Toussaint believes that industry advancement cannot be made without a true commitment to a full set of sustainable objectives. This includes the implementation of biological processes, sustainable practices and renewable energy, such as reducing greenhouse gas emissions in manufacturing, lowering resources and water consumption, improving waste management and ensuring responsible supply chains. Those are concrete solutions to help the life sciences industry positively address its environmental impact.
"Canada has committed to Net-Zero Emissions by 2050. This country has all it takes to do this energy transition, and all sectors of the economy must be involved. It’s one of the greatest public policy challenges, together with improving health and quality of life," said Emmanuelle.
As a member of the Quebec Bar and the Ordre des administrateurs agréés du Québec, Mrs. Toussaint holds a Bachelor of Laws degree and a Certificate in Administration from Université Laval.
Learn more about Emmanuelle's extraordinary journey and how she inspires us all here: https://womeninenergytransformation.philespace.com/vignette/EmmanuelleToussaint
About BIOQuébec:
BIOQuébec represents more than 160 Quebec-based companies working in health research at all stages of the innovation process, from basic research to the integration of therapeutic innovation into the health system. They include biotechs, contract research organizations, investors, and biopharmaceutical companies at various developmental phases. BIOQuébec focuses on government representations, business development, and partnerships to foster the growth of Quebec’s biotechnology and life sciences industry and position the province as one of this sector’s integral key players internationally.
For more information about BIOQuébec, please visit www.bioquebec.com
For more information
Please contact Gaëlle Bridon at 438-520-4700 or by email: This email address is being protected from spambots. You need JavaScript enabled to view it.
VANCOUVER, British Columbia--(BUSINESS WIRE)--EverGen Infrastructure Corp. (“EverGen” or the “Company”) (TSXV: EVGN) (OTCQX: EVGIF), today announced plans to release its 2022 third quarter financial results on Monday, November 21, 2022, after market close. EverGen will hold a results and corporate update conference call at 10:00 a.m. eastern time on Tuesday, November 22, 2022, hosted by Chief Executive Officer, Chase Edgelow.
Conference Call Details are as follows:
Date: |
Tuesday, November 22, 2022 |
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Time: |
10:00 a.m. ET |
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Zoom Link: |
About EverGen Infrastructure Corp.
EverGen, Canada’s Renewable Natural Gas Infrastructure Platform, is combating climate change and helping communities contribute to a sustainable future. Headquartered on the West Coast of Canada, EverGen is an established independent renewable energy producer which acquires, develops, builds, owns and operates a portfolio of Renewable Natural Gas, waste to energy, and related infrastructure projects. EverGen is focused on Canada, with continued growth expected across other regions in North America and beyond.
For more information about EverGen Infrastructure Corp. and our projects, please visit www.evergeninfra.com.
EverGen Investor Contact
Victoria Rutherford
480-625-5772
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DUBLIN--(BUSINESS WIRE)--The "Electrification Strategies of Shared Mobility Operators" report has been added to ResearchAndMarkets.com's offering.
By 2030, the shared mobility market will have 10.5 million electric vehicles in its fleet dominated by electric bikes and then ride-hailing vehicles. Electrification was under the radar of all the mobility operators and cities, even before the pandemic. Cities should neither lose sight of the long-term goal which is to reduce GHG emissions nor break the EV momentum, as the industry has invested tens of billions in new EVs, underlying technologies, and the charging infrastructure.
Favorable regulations, incentives, and tax rebates focused on shared mobility operators can provide the impetus to continue the electrification of mobility fleets. Electric vehicles are becoming more attractive, as they have increased electric range. All shared mobility segments, be it carsharing, DRT, ride-hailing, or bike sharing are increasing the proportion of electric vehicles in their fleets. Regulations are driving fleets to electrify. The charging infrastructure value chain must be robust and efficient to meet this demand. Multiple participants are involved in different parts of the value chain to cater to the charging requirements of the increasing number of electric vehicles in operation.
The penetration rates vary across regions and across business segments. For instance, in Europe, the penetration level for carsharing is as low as less than 5% in countries like Turkey and can go as high as 60% in the Netherlands, Norway, and so on. This completely depends on how supportive the infrastructure and regulations are. A very good example is Madrid where there are reserved parking spots for carsharing. Further, electric vehicles are allowed to enter the restricted access zone for free and are granted free parking in many locations.
Similarly, if we look at bike sharing, operators are increasingly focusing on electrifying their fleet. Kick-scooter sharing providers which are foraying into bike sharing provide an all-electric fleet. Some of the major participants offering an all-electric fleet are Lime, Tier Mobility, and Dott.
Research Scope
This study covers the global electric shared mobility market, key electrification strategies, charging infrastructure and the key participants in each segment. The key kinds of electric shared mobility in the scope of the study are:
Research Highlights
Key Issues Addressed
Key Topics Covered:
1. Strategic Imperatives
2. Growth Opportunity Analysis
3. Growth Opportunity Analysis: Car-sharing
4. Growth Opportunity Analysis: Ride-hailing
5. Growth Opportunity Analysis: Bikesharing
6. Growth Opportunity Analysis: DRT
7. Growth Opportunity Universe
8. Next Steps
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/upioxt
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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NEW YORK--(BUSINESS WIRE)--Majic Wheels Corp. (“Majic Wheels”) (OTC: MJWL), a holding company that operates through its subsidiary companies focused on disruptive industries such as Fintech, Insurtech, software development, and crypto exchange platform, through strategic acquisitions, and OceanTech Acquisitions I Corp. (“OceanTech”) (Nasdaq: OTEC/OTECU/OTECW), a special purpose acquisition company, today announced that they have entered into a definitive business combination agreement (the “Merger Agreement”) that will result in Majic Wheels becoming a publicly listed company on The Nasdaq Stock Market LLC. Additionally, concurrent and in connection with the Merger Agreement, OceanTech and Majic Wheels have entered into a Forward Share Purchase Agreement for up to $40 million committed backstop by Meteora Capital Partners and its affiliates (collectively, “Meteora”).
Upon closing of the transaction, OceanTech will be renamed Majic Corp. (the “Combined Company”) and expects to remain listed on The Nasdaq Stock Market LLC under the ticker symbol “MJWL” with a combined business value of $333,360,290 on the signing of the Merger Agreement. The Merger Agreement includes an earn-out consideration of up to $500,000,000 USD (50 million shares, including 10 million shares subject to the RSU Incentive Plan) over the next three years, based upon certain “triggering events” regarding the performance of the Combined Company and its management.
Led by a team of seasoned professionals from both traditional and digital markets, Majic Wheels has established a presence in Singapore, Malaysia, Mauritius and India, and is hoping to plant its roots in the UAE.
Majic Wheels’ ecosystem includes assets such as Calfin Global Crypto Exchange (“CGCX”), the world’s leading hybrid exchange, and PCEX, an Indian exchange that is transforming the B2B crypto landscape in over 250 locations within India. CGCX provides customers with a high caliber, secure, and simple-to-navigate crypto trading experience by combining four blockchain services onto a single platform. This includes a crypto exchange, merchant solutions, smart contracts, and an initial coin offering (“ICO") platform.
Sathyanandham Anguswami, CEO of Majic Wheels, comments: “Majic Wheels has spent the past year transforming and refocusing its core business, whilst simultaneously innovating it during a historic macro-economic downturn. As a result, we are excited to be emerging with a value proposition that is stronger than ever, and for which this Merger Agreement with OceanTech will be invaluable.”
Jeffrey Coats, Executive Chairman & Chief Strategy Officer of Majic Wheels, comments: “We are delighted to partner with OceanTech as we continue to grow and make waves in the burgeoning blockchain and Web 3 space. Majic Wheels is truly at an inflection point. Our business strategy and our clear and laser-focused vision has paved the way for Majic Wheels to take advantage of new growth opportunities in our fast-growing industry.”
Joseph Adir, CEO of OceanTech comments: “We are pleased to announce our business combination with Majic Wheels, an innovative company operating within the blockchain, fintech, and insurtech markets. We believe that this business combination will not only provide our investors with meaningful returns on their investments, but also assist Majic Wheels in advancing the future of technology. As blockchain has the potential to permeate every major industry, we believe this business combination will allow Majic Wheels to continue its expansion into existing and new markets.”
Transaction Overview
The proposed Merger Agreement represents a transaction value of approximately $200,000,000 USD (20 million shares). Additionally, certain recipients as further described in the Merger Agreement may receive earn-out consideration equal to a maximum of $500,000,000 USD (50 million shares, including 10 million shares subject to the RSU Incentive Plan) upon certain “triggering events” that are based on the Combined Company’s future revenue. Upon closing, after giving effect to any redemptions and any funded PIPE investment, and before expenses, the Combined Company can receive a maximum of $106,100,000 in cash held in trust by OceanTech, which will include the guaranteed backstop arrangement for the trust. The boards of directors of Majic Wheels and OceanTech have unanimously approved the proposed business combination, which is expected to be completed in 1H 2023, subject to, among other things, the approval by OceanTech’s and Majic Wheels’ shareholders, satisfaction of the conditions stated in the Merger Agreement and other customary closing conditions, including a registration statement being declared effective by the U.S. Securities and Exchange Commission (the “SEC”), the receipt of certain regulatory approvals, and approval by The Nasdaq Stock Market to list the securities of the Combined Company.
Additional information about the proposed transaction, including a copy of the Merger Agreement, this press release, and an investor presentation, will be provided in a Current Report on Form 8-K to be filed by OceanTech with the SEC and available at www.sec.gov. More information about the proposed transaction will also be described in OceanTech’s proxy statement/prospectus relating to the business combination, which it will file with the SEC.
Advisors
Nelson Mullins Riley & Scarborough LLP is serving as legal advisor to OceanTech. Norton Rose Fulbright US LLP is serving as legal advisor to Majic Wheels.
About OceanTech Acquisition I Corp.
OceanTech Acquisitions I Corp. is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. OceanTech is sponsored by OceanTech Acquisitions I Sponsors LLC, an affiliate of investor and entrepreneur Joseph Adir. For more information about OceanTech, please visit their website at https://oceantechspac.com/ and their publicly available filings at www.sec.gov.
About Majic Wheels
Majic Wheels Corp., listed and traded on the Over-the-Counter Market (OTC) under the trading symbol “MJWL”, is a Wyoming holding corporation that operates through its subsidiary companies in advanced, disruptive industries like Fintech, Insurtech, software development, and crypto via thoughtful and varied acquisitions. For more information about Majic Wheels, please visit their website at https://majiccorp.co/.
ADDITIONAL INFORMATION AND WHERE TO FIND IT
For additional information on the proposed transaction, see OceanTech’s Current Report on Form 8-K, which will be filed concurrently with this press release. In connection with the proposed transaction, the parties intend to file relevant materials with the Securities and Exchange Commission, including a registration statement on Form S-4 to be filed by OceanTech with the SEC, which will include a proxy statement/prospectus of OceanTech, and will file other documents regarding the proposed transaction with the SEC. OceanTech’s shareholders and other interested persons are advised to read, when available, the preliminary proxy statement/prospectus and the amendments thereto and the definitive proxy statement and documents incorporated by reference therein filed in connection with the proposed business combination, as these materials will contain important information about Majic Wheels, OceanTech, and the proposed business combination. Promptly after the Form S-4 is declared effective by the SEC, OceanTech will mail the definitive proxy statement/prospectus and a proxy card to each shareholder entitled to vote at the meeting relating to the approval of the Business Combination and other proposals set forth in the proxy statement/prospectus. Before making any voting or investment decision, investors and stockholders of OceanTech are urged to carefully read the entire registration statement and proxy statement/prospectus, when they become available, and any other relevant documents filed with the SEC, as well as any amendments or supplements to these documents, because they will contain important information about the proposed transaction. The documents filed by OceanTech with the SEC may be obtained free of charge at the SEC’s website at www.sec.gov, or by directing a request to OceanTech Acquisitions I Corp., 515 Madison Avenue, 8th Floor – Suite 8133, New York, New York, 10022 or (929) 412-1272.
Participants in Solicitation
OceanTech and its directors and executive officers may be deemed participants in the solicitation of proxies from its stockholders with respect to the business combination. A list of the names of those directors and executive officers and a description of their interests in OceanTech will be included in the proxy statement/prospectus for the proposed business combination when available at www.sec.gov. Information about OceanTech’s directors and executive officers and their ownership of OceanTech common stock is set forth in the OceanTech Form 10-K, dated March 16, 2022, and in their prospectus dated May 27, 2021, as modified or supplemented by any Form 3 or Form 4 filed with the SEC since the date of such filing. Other information regarding the interests of the participants in the proxy solicitation will be included in the proxy statement/prospectus pertaining to the proposed business combination when it becomes available. These documents can be obtained free of charge from the source indicated above.
Majic Wheels and their respective directors and executive officers may also be deemed to be participants in the solicitation of proxies from the stockholders of Majic Wheels in connection with the proposed business combination. A list of the names of such directors and executive officers and information regarding their interests in the proposed business combination will be included in the proxy statement/prospectus for the proposed business combination.
FORWARD-LOOKING STATEMENTS
This communication contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about future financial and operating results, our plans, objectives, expectations and intentions with respect to future operations, products and services; and other statements identified by words such as “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimated,” “believe,” “intend to,” “plan,” “projection,” “outlook,” “hope to” or words of similar meaning. These forward-looking statements include, but are not limited to, statements regarding Majic Wheels’ industry and market sizes, future opportunities for Majic Wheels and OceanTech, Majic Wheels’ estimated future results and the proposed business combination between OceanTech and Majic Wheels, including the implied enterprise value, the expected transaction and ownership structure and the likelihood, timing and ability of the parties to successfully consummate the proposed transaction. Such forward-looking statements are based upon the current beliefs and expectations of our management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control. Actual results and the timing of events may differ materially from the results anticipated in these forward-looking statements.
In addition to factors previously disclosed in OceanTech’s reports filed with the SEC and those identified elsewhere in this communication, the following factors, among others, could cause actual results and the timing of events to differ materially from the anticipated results or other expectations expressed in the forward-looking statements: inability to meet the closing conditions to the business combination, including the occurrence of any event, change or other circumstances that could give rise to the termination of the Merger Agreement; the inability to complete the transactions contemplated by the Merger Agreement due to the failure to obtain approval of OceanTech’s shareholders, the failure to achieve the minimum amount of cash available following any redemptions by OceanTech shareholders, redemptions exceeding a maximum threshold or the failure to meet The Nasdaq Stock Market’s initial listing standards in connection with the consummation of the contemplated transactions; costs related to the transactions contemplated by the Merger Agreement; a delay or failure to realize the expected benefits from the proposed transaction; risks related to disruption of management’s time from ongoing business operations due to the proposed transaction; changes in the cryptocurrency and digital asset markets in which Majic Wheels provides insurance and infrastructure offering services, including with respect to its competitive landscape, technology evolution or regulatory changes; changes in domestic and global general economic conditions, risk that Majic Wheels may not be able to execute its growth strategies, including providing software solutions for the broad blockchain technology, and identifying, acquiring, and integrating acquisitions; risks related to the ongoing COVID-19 pandemic and response; risk that Majic Wheels may not be able to develop and maintain effective internal controls; and other risks and uncertainties indicated in OceanTech’s final prospectus, dated May 27, 2021, for its initial public offering, and the proxy statement/prospectus relating to the proposed business combination, including those under “Risk Factors” therein, and in OceanTech’s other filings with the SEC. OceanTech and Majic Wheels caution that the foregoing list of factors is not exclusive.
Actual results, performance or achievements may differ materially, and potentially adversely, from any projections and forward-looking statements and the assumptions on which those forward-looking statements are based. There can be no assurance that the data contained herein is reflective of future performance to any degree. You are cautioned not to place undue reliance on forward-looking statements as a predictor of future performance as projected financial information and other information are based on estimates and assumptions that are inherently subject to various significant risks, uncertainties and other factors, many of which are beyond our control. All information set forth herein speaks only as of the date hereof in the case of information about OceanTech and Majic Wheels or the date of such information in the case of information from persons other than OceanTech or Majic Wheels, and we disclaim any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication. Forecasts and estimates regarding Majic Wheels’ industry and end markets are based on sources we believe to be reliable, however there can be no assurance these forecasts and estimates will prove accurate in whole or in part. Annualized, pro forma, projected and estimated numbers are used for illustrative purpose only, are not forecasts and may not reflect actual results.
No Offer or Solicitation
This press release shall not constitute a solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the proposed business combination. This press release shall also not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption therefrom.
Investor Relations
Lena Cati
The Equity Group, Inc.
(212) 836-9611
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Investor Relations
Majic Wheels Corp.
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Geothermic Solution met with individuals at the highest government and business levels during its visit to the Kingdom of Saudi Arabia, with discussions focused on the company’s GeoHeat energy-harvesting technology and its role in establishing a sustainable energy supply for the global economy.
PALO ALTO, Calif.--(BUSINESS WIRE)--Geothermic Solution, Inc. (GSL), a leader in environmentally friendly GeoHeat™ harvesting technology, participated in the 6th Future Investment Initiative (FII) in Riyadh, Saudi Arabia in October 2022. Dr. Khalid Alsweilem, GSL board member and former chief investment officer, chief counselor, and director general at the Saudi Arabian Monetary Agency (SAMA), guided GSL delegates during their visit to the Kingdom of Saudi Arabia (KSA).
The delegation was led by GSL’s co-founder and CEO, Dr. Piotr Moncarz, US NAE, who met with high-ranking members of the KSA government and with senior leadership of major corporations. Dr. Moncarz discussed how GSL’s reliable, low-risk, and low-carbon closed-loop geothermal technology is ideally suited to economically supply scalable, baseload renewable energy—in line with the KSA’s Vision 2030 and the net-zero goals of a growing number of global industries.
Dr. Axel-Pierre Bois, a member of the GSL technical team and renowned European expert in the region’s geothermal resources, outlined the challenges and opportunities of installing high-temperature GeoHeat harvesting technology in different regions of Saudi Arabia.
The 6th FII is powered by the Future Investment Initiative Institute, which is governed by an independent board of trustees that includes:
- H.E. Yasir Al-Rumayyan, FII Institute Chairman and Governor of the Public Investment Fund
- H.R.H. Princess Reema Bint Bandar Al Saud, Saudi Ambassador to the United States of America
- Professor Tony Chan, President of the King Abdullah University of Science and Technology
- Mr. Richard Attias, CEO of FII Institute and Executive Chairman of RA&A
In summarizing the visit, Dr. Moncarz said, “The Kingdom of Saudi Arabia welcomed us beyond our expectations. The kingdom is making major strides to scaling up renewable energy sources that can deliver a carbon-free environment—and we at GSL are excited to be part of that discussion.
We discussed how our closed-loop GeoHeat solution is ideally suited to help the kingdom achieve its carbon-free ambitions—and with minimal water requirements,” Moncarz continued. “By providing sustainable baseload energy for rapidly growing sectors like electric power, hydrogen, desalinization, data centers, and cooling, GSL can provide major value to the KSA, while delivering viable solutions to the climate struggle of the world.”
Geothermic Solution is contributing to high-profile, global technology and economic conferences at a time when the company is actively pursuing new investment partnerships and in-field project opportunities.
For more information visit https://www.geothermicsolution.com.
About GSL
Geothermic Solution, Inc. combines breakthrough technology from a wide range of scientific fields to harvest heat—cleanly and efficiently—from deep-earth, high-temperature formations around the globe. Our innovative GeoHeat™ closed-loop, heat-harvesting technology provides reliable, cost-efficient geothermal energy to off-grid installations, while minimizing water usage and carbon emissions. Learn more about partnering with Geothermic Solution at https://www.geothermicsolution.com.
Ted Moon, PhD
LaunchPad Writing + Research, LLC
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Move further demonstrates company commitment to make real, meaningful contributions in reducing environmental impacts
CHARLOTTE, N.C.--(BUSINESS WIRE)--Dole Fresh Vegetables, a division of Dole plc (NYSE: DOLE) announced the implementation and activation of two General Electric 2.8-Megawatt wind turbines at its salad processing plant in Soledad, CA.
Each Dole turbine generating power to the facility stands 499 feet tall at maximum height with rotor diameters of 417 feet. Whenever sufficient wind is present to rotate the blades, electrical energy is automatically generated, 24 hours per day, seven days per week. This energy is primarily delivered to the Dole facility’s electrical system with any excess clean energy generated flowing directly to the Pacific Gas & Electric grid.
The environmental benefits of the project are expected to be significant according to forecasts. Pursuant to the Environmental Protection Agency’s Greenhouse Gas Equivalency Calculator,1 this wind project is estimated to directly reduce CO2 emissions by 14,921 tons per year.
“Representing an important milestone in our sustainability journey, these turbines will have a substantial impact on our operations’ carbon footprint,” stated Timothy Escamilla, President of Dole Fresh Vegetables. “They are projected to produce over 19 million kilowatt hours of clean electricity per year, which will result in a 70% offset to our overall energy consumption at this site.”
The Environmental Protection Agency has roughly estimated the positive annual impacts of these turbines to be equivalent to offsetting the electricity use of 2,634 American Homes.
Seeking domestically produced renewable energy and reducing the company’s reliance on fossil-fuel power to make a markable positive impact against climate change is in line with the company’s The Dole Way framework. Launched in 2020, the program’s goal is to keep improving opportunities for communities around the world by being an important pioneer of change.
With the facility’s focus on harnessing wind power Dole will also be contributing to the stability of the local electric grid. Salinas Valley possesses a unique geography that provides a strong and consistent wind during the summer months, and particularly in the evening when the electrical grid is most stressed and utilizes more fossil fuel peaker power plants.
The Dole wind turbines were manufactured by General Electric and installed by Foundation Windpower LLC, a developer, owner, and operator of utility-scale wind projects. The project was facilitated and brought to completion with the help of Ryan Park, of Spiral Energy LLC.
“These state-of-the-art Dole turbines represent the seventh Foundation Windpower installation in the Salinas Valley,” stated Steve Sherr, Executive Senior Vice President of Business Affairs for Foundation Windpower. “We are proud to work with progressive thinking companies like Dole that don’t just talk about reducing hydrocarbon emissions and oil dependence in their operations but take active steps to make it reality.”
About Dole Food Company
Dole Food Company, part of Dole plc, is one of the world’s largest producers and marketers of high-quality fresh fruit and fresh vegetables. Dole is an industry leader in many of the products it sells, as well as in nutrition education. For more information, please visit www.dole.com.
About The Dole Way
In April 2020, Dole Food Company announced The Dole Way, introducing its sustainability commitment and framework around People, Nature and Food. For more information, please visit www.dole.com
1 https://www.epa.gov/energy/greenhouse-gas-equivalencies-calculator
US Contact: William Goldfield
818-874-4647
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SANTA MONICA, Calif.--(BUSINESS WIRE)--Autonomy™, the nation’s largest electric vehicle subscription company, today announced that it is expanding its geographic footprint to Seattle, Washington, including Tacoma and Bellevue.
Autonomy provides a cheaper, faster and easier way for customers to get behind the wheel of an electric vehicle without long-term commitment or long-term debt.
“We launched Autonomy in California in January and quickly amassed a following across the Golden State. Washingtonians are already early adopters of EVs so it made sense for Washington to be one of the first expansion states,” said Scott Painter, Founder and CEO of Autonomy. “Affordability is what ultimately unlocks mass adoption of EVs and Autonomy is easier and more affordable for consumers to get into an electric car.”
Autonomy helps achieve Seattle’s all-electric future. In 2021, the city released a 2030 citywide plan for electrification with specific goals for zero-emission mobility, including 100% of shared mobility and 30% goods delivery being zero-emission. Washington state has also set a target that all vehicles of model year 2030 or later sold, purchased or registered in Washington state be electric vehicles.
With gas prices at near record highs and projected to rise another $0.46 in Washington in 2023, Washington residents have more reasons than ever to go electric.
How Autonomy works:
Autonomy’s monthly payment covers the traditional costs of ownership, including routine maintenance, roadside assistance (limitations apply), and standard wear and tear on tires, which are usually additional expenses with a traditional lease or loan. Qualified Autonomy customers will now receive Autonomy’s subscription with its fully integrated insurance offering.
“Autonomy is on a mission to accelerate the adoption of EVs and we’re excited to now offer this service in the Seattle metro area,” said Georg Bauer, co-founder and president of Autonomy. “Autonomy will give a boost to Seattle's Electrification goals by giving people a novel way to access an EV that’s completely digital and more flexible than ever.”
The cities of Seattle, Tacoma and Bellevue have more than 2,900 public charging stations, 453 of which are free EV charging stations. The area also boasts over 400 DC Fast Chargers, 134 of which are Tesla Superchargers.
Autonomy will leverage its recently announced national partnership with AutoNation, Inc. (NYSE: AN), the largest auto retailer in the U.S., for vehicle preparation and delivery services in connection with customer activation, as well as maintenance, repair, and reconditioning services for Autonomy’s growing subscription fleet of electric vehicles.
Today, Autonomy offers the Tesla Model 3 and Tesla Model Y and will soon add the full Tesla lineup, among other makes and models. In August Autonomy ordered 23,000 electric vehicles from 17 different global automakers, with the order totaling more than $1.2 billion.
Autonomy’s subscription model offers the cheapest, fastest, and easiest way to get an electric vehicle, and it does not require the long-term debt or commitment that comes with buying or leasing. Autonomy subscribers can pay their subscription entirely on their credit card or through their bank account. They have the flexibility to subscribe month to month after a three-month minimum hold period. Customers can subscribe to an electric vehicle entirely in app (Google Play Store or Apple App Store) and customize their monthly payment to meet their budget. Additionally, Autonomy vehicles are available for delivery or pickup within weeks, compared with the six- to nine-month wait for a loan or lease.
ABOUT AUTONOMY
Autonomy is a technology company on a mission to make access to mobility easy and affordable through car subscriptions. The company was founded by auto retail, auto finance, and auto insurance disruptors Scott Painter and Georg Bauer, who founded Fair, the first-ever used-vehicle subscription offering, pioneering the Car-as-a-Service (CaaS) category. Building upon that experience, Autonomy has created a turnkey vehicle subscription platform for consumers and the automotive industry that enables vehicle subscriptions to scale profitably and become a mainstream alternative to traditional car buying. Autonomy is innovating through technology, finance, and insurance to power car subscriptions for the battery, electric vehicle, and zero-emissions vehicle sectors. Autonomy relies on partnerships with automakers and brick-and-mortar car dealerships to provide benefits to both consumers and the industry. Autonomy represents freedom from long-term debt, freedom from long-term commitments, and even freedom from fossil fuels. It means new choices and more control over your financial well-being. Autonomy is based in Santa Monica, California.
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Shadee Malekafzali
Head of Investor Relations and Corporate Communications
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Matt Swope
Corporate Communications Manager
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NORTH BETHESDA, Md.--(BUSINESS WIRE)--$ESAB #ESAB--ESAB Corporation (NYSE: ESAB) (the “Company” or “ESAB”) announced today the pricing of the previously announced underwritten offering of 6,003,431 shares of its common stock currently owned by Enovis Corporation (“Enovis”), ESAB’s former parent company at a price of $40.00 per share (before underwriting discounts and commissions). ESAB is not selling any shares and will not receive any proceeds from the sale of the shares in the offering, nor will it receive any proceeds from the debt-for-equity exchange (as described below).
Prior to the closing of the offering, Enovis intends to exchange 6,003,431 shares of ESAB common stock for indebtedness of Enovis that will be owned by Goldman Sachs & Co. LLC or an affiliate thereof. Goldman Sachs & Co. LLC, as the selling stockholder in the offering, intends to sell these shares of ESAB common stock to the underwriters in connection with the public offering.
Goldman Sachs & Co. LLC and Evercore ISI are acting as the joint lead book-runners and representatives of the underwriters for the offering. BofA Securities and J.P. Morgan are also acting as joint lead book-runners. BMO Capital Markets, BNP PARIBAS, Citizens Capital Markets and Wells Fargo Securities are acting as joint book-runners for the offering. BTIG, HSBC, KeyBanc Capital Markets, MUFG, PNC Capital Markets LLC, Scotiabank, UBS Investment Bank and UniCredit Capital Markets are acting as co-managers for the offering. The offering is expected to close on November 18, 2022, subject to customary closing conditions.
The Company has filed a shelf registration statement (including a prospectus) on Form S-1 with the U.S. Securities and Exchange Commission (the “SEC”) for the offering to which this communication relates. The registration statement was declared effective on November 15, 2022. Before you invest, you should read the base prospectus in that registration statement, the accompanying prospectus supplement and other documents the Company has filed with the SEC for more complete information about the Company and this offering. You may obtain these documents for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, copies of the prospectus supplement and accompanying base prospectus relating to the offering may be obtained from Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, NY 10282, telephone: 1-866-471-2526, or by emailing This email address is being protected from spambots. You need JavaScript enabled to view it.; and Evercore Group L.L.C., Attention: Equity Capital Markets, 55 East 52nd Street, 35th Floor, New York, NY 10055, by telephone at (888) 474-0200 or by e-mail at This email address is being protected from spambots. You need JavaScript enabled to view it..
This press release shall not constitute an offer to sell or the solicitation of any offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About ESAB Corporation
ESAB Corporation (NYSE: ESAB) is a world leader in fabrication and specialty gas control technology, providing our partners with advanced equipment, consumables, specialty gas control, robotics, and digital solutions which enable the everyday and extraordinary work that shapes our world.
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 may be identified by the use of words such as “anticipate”, “believe”, “expect”, “estimate”, “plan”, “outlook”, and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Such forward-looking statements include, but are not limited to, statements concerning, the Company’s ability to consummate the public offering, the Company’s plans, goals, objectives, outlook, expectations, and intentions, and other statements that are not historical or current fact. Forward-looking statements are based on the Company’s current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements, including general risks and uncertainties such as market conditions, economic conditions, geopolitical events, changes in laws, regulations or accounting rules, fluctuations in interest rates, terrorism, wars or conflicts, major health concerns, natural disasters or other disruptions of expected business conditions. Factors that could cause the Company’s results to differ materially from current expectations include, but are not limited to, risks related to the war in Ukraine and escalating geopolitical tensions as a result of Russia’s invasion of Ukraine and the related impact on energy supplies and prices; macroeconomic conditions; supply chain disruptions; the impact of the COVID-19 global pandemic, including the rise, prevalence and severity of variants of the virus, actions by governments, businesses and individuals in response to the situation, such as the scope and duration of the outbreak, the nature and effectiveness of government actions and restrictive measures implemented in response; the impact on creditworthiness and financial viability of customers; the Company’s ability to realize the anticipated benefits of its separation from Enovis Corporation, and the financial and operating performance of the Company following the separation; other impacts on the Company’s business and ability to execute business continuity plans; and the other factors detailed in the Company’s Registration Statement on Form S-1 filed on November 14, 2022, as well as other risks discussed in the Company’s filings with the U.S. Securities and Exchange Commission.
Investor Relations:
Mark Barbalato
Vice President, Investor Relations
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Phone: 1-301-323-9098
Media:
Tilea Coleman
Vice President, Corporate Communications
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Phone: 1-301-323-9092
Walter Lynch joins Resilient after a successful career in the water and waste sectors where he was most recently the CEO at American Water, the largest investor-owned water and wastewater utility in the United States.
PORTLAND, Ore.--(BUSINESS WIRE)--Resilient Infrastructure Group™ is pleased to announce that industry veteran Walter Lynch has joined the team as a Senior Advisor to the Board of Directors. Resilient develops and invests in transformative water, wastewater and related renewable natural gas solutions that meet our clients’ site-specific business, financial, and sustainability objectives.
Walter’s water and wastewater utility experience includes multiple senior level positions within American Water across several regions, serving his last 14 years with the company as both the CEO and COO. Prior to American Water, Walter was a successful entrepreneur in the resource recovery sector, selling his business to Waste Management and working as an executive for Synagro, a leading company in the residuals industry. As a recognized industry advocate, he has served on numerous boards, including the National Association of Water Companies and the Water Research Foundation, among many others.
“Walter brings a unique perspective to our value creation and growth plans given his decades of expertise in leading both regulated and non-regulated utility operations,” said Ben Vitale, CEO and Board Member. “Walter’s experience driving organic growth as well as the pursuit of strategic acquisitions across the water, wastewater and resource recovery sectors, including at Synagro, further strengthens our water infrastructure capabilities and renewable natural gas investments which are both experiencing rapid growth,” added Bar Littlefield, Resilient’s Lead Operating Director.
“We are fortunate to have Walter join us as we continue to pursue a broad range of opportunities across multiple segments of the water industry and the renewable gas segments,” said Bill Brennan, President. “I have worked with Walter over the last two decades and there is no finer executive in the industry who has successfully executed tactically and developed a strategic direction to take advantage of how the water industry needs to evolve in the 21st century.”
“I am excited to join the Resilient team, which allows me to share my broad industry experience to assist in their goals of rapid growth and customer value creation,” said Lynch. “The team around Ben Vitale and Bill Brennan has built a world class development platform to drive further growth and value creation for customers looking to solve their water scarcity, sustainability, and resilience needs in a changing and dynamic environment. I am looking forward to working with the strong management team, Partners Group and the outstanding Board of Directors to take Resilient Infrastructure Group to the next level.”
Partners Group, a leading global private markets firm, acting on behalf of its clients, acquired Resilient Infrastructure Group in 2021.
About Resilient Infrastructure Group™
Resilient Infrastructure Group™ (Resilient) develops, funds, and manages a portfolio of wastewater, water and related infrastructure assets in the U.S. and Canada. Resilient was acquired by Partners Group in 2021 to drive growth in the utility “as a service” model for private and public clients. The firm’s approach, water industry experience and strong financial backing allow it to provide flexible client options to fund a range of asset-heavy infrastructure, including project development and technology rollout. The company is headquartered in Portland, Oregon.
For more information, please visit www.resilient-ig.com
Resilient Infrastructure Group Media Contact
Ben Vitale
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202.297.9003
Trellix Advanced Research Center Details Latest Cyberthreats
SAN JOSE, Calif.--(BUSINESS WIRE)--Trellix, the cybersecurity company delivering the future of extended detection and response (XDR), today released The Threat Report: Fall 2022 from its Advanced Research Center, home to the world’s most elite security researchers and intelligence experts. The latest report analyzes cybersecurity trends from the third quarter of 2022.
The report includes evidence of malicious activity linked to ransomware and nation-state backed advanced persistent threat (APT) actors. It examines malicious cyberactivity including threats to email, the malicious use of legitimate third-party security tools, and more. Key findings:
“So far in 2022, we have seen unremitting activity out of Russia and other state-sponsored groups,” said John Fokker, Head of Threat Intelligence, Trellix. “This activity is compounded by a rise in politically motivated hacktivism and sustained ransomware attacks on healthcare and education. The need for increased inspection of cyberthreat actors and their methods has never been greater.”
The Threat Report: Fall 2022 leverages proprietary data from Trellix’s sensor network, investigations into nation-state and ransomware activity by the Trellix Advanced Research Center, and open-source intelligence. Telemetry related to detection of threats is used for this report. A detection is when a file, URL, IP-address, suspicious email, network behavior, or other indicator is detected and reported via the Trellix XDR platform.
Additional Resources
About Trellix Advanced Research Center
Trellix Advanced Research Center brings together an elite team of security professionals and researchers to produce insightful and actionable real-time intelligence to propel customer outcomes and the industry at large. Driven by the industry’s most comprehensive charter, our skilled researchers detect trends ahead of the market to empower our customers and partners to solve for emerging threats. More at https://www.trellix.com/en-us/advanced-research-center.html.
Sarah Erman
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