Cost decreases, improvements in lithium ion battery technology, and emissions standards are expected to increase e-motorcycle adoption over the decade

BOULDER, Colo.--(BUSINESS WIRE)--#BatterySwapping--A new report from Guidehouse Insights analyzes the global market for electric motorcycles (e-motorcycles), providing forecasts for sales and market share through 2030.

E-motorcycles have struggled to catch on as quickly as other electric two-wheel vehicles (E2WVs), largely due to the extensive range requirements of consumers. However, the technology holds strong potential over the next 10 years due to increasingly stringent emissions standards, e-motorcycle purchase incentives, and the establishment of low and zero emission zones. Click to tweet: According to a new report from @WeAreGHInsights, global annual unit sales of e-motorcycles are expected to grow from nearly 1.1 million in 2021 to 3.6 million by 2030 at a 14.4% compound annual growth rate (CAGR).

“Despite market challenges, the long-term outlook for e-motorcycles remains promising,” says Ryan Citron, senior research analyst with Guidehouse Insights. “Cost decreases and improvements in lithium ion (Li-ion) battery technology are expected to result in lower cost and higher performing products, while major manufacturers are poised to assume much larger roles in e-motorcycle product and technology development over the coming decade.”

According to the report, battery swapping and fleet electrification also offer opportunities for accelerated growth of the e-motorcycle industry. Regionally, China dominates the e-motorcycle market, accounting for 90% of e-motorcycle unit sales today. This figure is expected to reduce to 42% by 2030 as sales in other countries grow far more quickly, with most of the new growth expected to come from India, other areas within Asia Pacific (i.e., Vietnam, Thailand, and Indonesia), and Europe.

The report, Market Data: Electric Motorcycles, examines the global market for e-motorcycles. The study provides a detailed analysis of the market opportunities, key drivers and barriers of growth, and technology trends associated with e-motorcycles. Forecasts are provided for gas-powered motorcycle sales and e-motorcycle unit sales (segmented by peak motor power level), market share of the total motorcycle market, revenue potential, and average transaction prices. Guidehouse Insights also provides estimates for e-motorcycle manufacturer market share in North America and Europe. An executive summary of the report is available for free download on the Guidehouse Insights website.

About Guidehouse Insights

Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today’s rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.

About Guidehouse

Guidehouse is a leading global provider of consulting services to the public and commercial markets with broad capabilities in management, technology, and risk consulting. We help clients address their toughest challenges and navigate significant regulatory pressures with a focus on transformational change, business resiliency, and technology-driven innovation. Across a range of advisory, consulting, outsourcing, and digital services, we create scalable, innovative solutions that prepare our clients for future growth and success. Headquartered in McLean, VA., the company has more than 8,000 professionals in over 50 locations globally. Guidehouse is a Veritas Capital portfolio company, led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets, and agenda-setting issues driving national and global economies. For more information, please visit: www.guidehouse.com.

* The information contained in this press release concerning the report, Market Data: Electric Motorcycles, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.

Lindsay Funicello-Paul
+1.781.270.8456
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Tony Satterthwaite, Vice Chairman; Jennifer Rumsey, President and COO  

COLUMBUS, Ind.--(BUSINESS WIRE)--Cummins Inc. (NYSE: CMI) announced today that Tony Satterthwaite is being named Vice Chairman and Jennifer Rumsey will succeed Satterthwaite as President and Chief Operating Officer, effective March 1.

"I am thrilled to have Tony join the Chairman's office and confident he's the right leader for this role, given the significant opportunities in front of us," said Tom Linebarger, Chairman and CEO, Cummins Inc. "Tony understands our business at all levels and has a truly global view, having lived for extensive periods in Asia, Europe, and the U.S. He's a well-respected leader, strategist, mentor and thinker and an asset to our company."

Satterthwaite joined Cummins in 1988 and began in product planning and sales. Over the course of his career, he has held leadership positions across the company's global businesses and operations, including serving as President of Power Generation, President the Distribution Business and most recently as President and Chief Operating Officer.

Prior to joining Cummins, Satterthwaite was an engineer with Schlumberger. He earned a B.S. in Civil Engineering from Cornell University and an MBA from Stanford University. Satterthwaite serves in leadership positions on several public company and not-for-profit boards, including IDEX Corporation, the National Association of Manufacturers and the Cornell Engineering College Advisory Council. Satterthwaite resides with his wife in Indianapolis, Indiana.

Effective March 1, 2021, Jennifer Rumsey will succeed Satterthwaite as President and Chief Operating Officer.

"Technology is evolving more rapidly now than at any other time in history and Jen's extensive technical experience and leadership make her ideal for the role of President and Chief Operating Officer," said Linebarger. "Jen has served in a variety of business and technical leadership positions at Cummins and has been incredibly successful in every role. She has been instrumental in developing some of the most important products and technologies Cummins has created."

Rumsey joined Cummins in 2000 in controls and has held a variety of leadership roles over the course of her career, including roles in advanced engineering, product development, and quality. She has served as the Vice President of Engineering for the Engine Business, Chief Technical Officer for Cummins, and most recently as the company's President of the Components business.

"Jen leads with high integrity and she is a tireless advocate of Cummins' mission and values around the world. From science, technology, engineering and math (STEM) advocacy to the advancement of women to strengthening emissions standards around the world, Jen has dedicated her career to making a positive difference for our employees, customers and the environment," said Linebarger. "I am looking forward to working with her to power a more prosperous world in the years ahead."

Prior to joining Cummins, Rumsey worked on fuel cell development with Nuvera Fuel Cells. She earned a Bachelor's in Mechanical Engineering from Purdue University and a Master's in Mechanical Engineering from the Massachusetts Institute of Technology. Rumsey serves on the board of directors for Hillenbrand, Inc. and is a member of the Purdue College of Engineering Advisory Council. Rumsey resides with her family in Columbus, Indiana.

About Cummins Inc.
Cummins Inc., a global power leader, is a corporation of complementary business segments that design, manufacture, distribute and service a broad portfolio of power solutions. The company's products range from diesel, natural gas, electric and hybrid powertrains and powertrain-related components, including filtration, aftertreatment, turbochargers, fuel systems, controls systems, air handling systems, automated transmissions, electric power generation systems, batteries, electrified power systems, hydrogen generation and fuel cell products. Headquartered in Columbus, Indiana (U.S.), since its founding in 1919, Cummins employs approximately 57,825 people committed to powering a more prosperous world through three global corporate responsibility priorities critical to healthy communities: education, environment and equality of opportunity. Cummins serves its customers online, through a network of company-owned and independent distributor locations, and through thousands of dealer locations worldwide and earned about $1.8 billion on sales of $19.8 billion in 2020. See how Cummins is powering a world that's always on by accessing news releases and more information at https://www.cummins.com/always-on.

Jon Mills
Cummins Inc.
Phone: 317-658-4540
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Hiring represents an investment to expand our smart energy offering and market reach

CAMPBELL, Calif.--(BUSINESS WIRE)--Tigo Energy, Inc., the worldwide leader in Flex-MLPE (Module Level Power Electronics) today announced that Jing Tian has joined as its new Chief Growth Officer. Ms. Tian brings more than 20 years of technical and business experience to the Tigo Executive Team.

Jing has a fifteen-year track record of technical and business success at companies such as Credence, Solfocus, Shift Energy and Trina Solar. Her past twelve years has been spent in the solar industry, focusing on profitable growth of equipment manufacturers across the eco-system. Those accomplishments include launching the TrinaSmart Module with Tigo while the Head of Global Marketing and President of Trina Solar USA.

“Jing has a detailed understanding of the worldwide solar ecosystem,” stated Zvi Alon, Chairman and CEO of Tigo. “Her depth and breadth of knowledge brings the right expertise at precisely the right time to deliver innovative solutions to our customers around the globe.”

Ms. Tian will develop and execute the profitable growth strategy, which includes evaluating both organic and partnership-oriented options. Her hiring represents further investment to efficiently and effectively scale the company. Her goals include developing next generation hardware and software solutions that maximize returns for PV customers.

“I have worked closely with Zvi and the Tigo team for many years,” stated Ms. Tian. “It is only logical to take the next step and help bring Tigo to the next stage of development in the journey to provide smart solutions for installers and system owners.”

Jing studied at the Shanghai University of Science and Technology before coming to the United States for her Ph.D. in Chemistry at Drexel University and serving as a Postdoctoral fellow in the Chemistry Department at Princeton University in New Jersey. She works out of the Silicon Valley, California Tigo headquarters.

About Tigo

Tigo is the worldwide leader in flexible module level power electronics (MLPE) with innovative solutions that significantly increase energy production, decrease operating costs, and enhance safety of photovoltaic (PV) systems. Tigo’s TS4 platform maximizes the benefit of PV systems and provides customers with the most scalable, versatile, and reliable MLPE solution available. Tigo was founded in Silicon Valley in 2007 to accelerate the adoption of solar energy worldwide. Tigo systems operate on 7 continents and produce gigawatt hours of reliable, clean, affordable and safe solar energy daily. Tigo's global team is dedicated to making the best MLPE on earth so more people can enjoy the benefits of solar. Visit us at www.tigoenergy.com.

John Lerch
408.402.0802 x430
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Tony Satterthwaite, Vice Chairman; Jennifer Rumsey, President and COO

COLUMBUS, Ind.--(BUSINESS WIRE)--Cummins Inc. (NYSE: CMI) announced today that Tony Satterthwaite is being named Vice Chairman and Jennifer Rumsey will succeed Satterthwaite as President and Chief Operating Officer, effective March 1.

"I am thrilled to have Tony join the Chairman's office and confident he's the right leader for this role, given the significant opportunities in front of us," said Tom Linebarger, Chairman and CEO, Cummins Inc. "Tony understands our business at all levels and has a truly global view, having lived for extensive periods in Asia, Europe, and the U.S. He's a well-respected leader, strategist, mentor and thinker and an asset to our company."

Satterthwaite joined Cummins in 1988 and began in product planning and sales. Over the course of his career, he has held leadership positions across the company's global businesses and operations, including serving as President of Power Generation, President the Distribution Business and most recently as President and Chief Operating Officer.

Prior to joining Cummins, Satterthwaite was an engineer with Schlumberger. He earned a B.S. in Civil Engineering from Cornell University and an MBA from Stanford University. Satterthwaite serves in leadership positions on several public company and not-for-profit boards, including IDEX Corporation, the National Association of Manufacturers and the Cornell Engineering College Advisory Council. Satterthwaite resides with his wife in Indianapolis, Indiana.

Effective March 1, 2021, Jennifer Rumsey will succeed Satterthwaite as President and Chief Operating Officer.

"Technology is evolving more rapidly now than at any other time in history and Jen's extensive technical experience and leadership make her ideal for the role of President and Chief Operating Officer," said Linebarger. "Jen has served in a variety of business and technical leadership positions at Cummins and has been incredibly successful in every role. She has been instrumental in developing some of the most important products and technologies Cummins has created."

Rumsey joined Cummins in 2000 in controls and has held a variety of leadership roles over the course of her career, including roles in advanced engineering, product development, and quality. She has served as the Vice President of Engineering for the Engine Business, Chief Technical Officer for Cummins, and most recently as the company's President of the Components business.

"Jen leads with high integrity and she is a tireless advocate of Cummins' mission and values around the world. From science, technology, engineering and math (STEM) advocacy to the advancement of women to strengthening emissions standards around the world, Jen has dedicated her career to making a positive difference for our employees, customers and the environment," said Linebarger. "I am looking forward to working with her to power a more prosperous world in the years ahead."

Prior to joining Cummins, Rumsey worked on fuel cell development with Nuvera Fuel Cells. She earned a Bachelor's in Mechanical Engineering from Purdue University and a Master's in Mechanical Engineering from the Massachusetts Institute of Technology. Rumsey serves on the board of directors for Hillenbrand, Inc. and is a member of the Purdue College of Engineering Advisory Council. Rumsey resides with her family in Columbus, Indiana.

About Cummins Inc.

Cummins Inc., a global power leader, is a corporation of complementary business segments that design, manufacture, distribute and service a broad portfolio of power solutions. The company's products range from diesel, natural gas, electric and hybrid powertrains and powertrain-related components, including filtration, aftertreatment, turbochargers, fuel systems, controls systems, air handling systems, automated transmissions, electric power generation systems, batteries, electrified power systems, hydrogen generation and fuel cell products. Headquartered in Columbus, Indiana (U.S.), since its founding in 1919, Cummins employs approximately 57,825 people committed to powering a more prosperous world through three global corporate responsibility priorities critical to healthy communities: education, environment and equality of opportunity. Cummins serves its customers online, through a network of company-owned and independent distributor locations, and through thousands of dealer locations worldwide and earned about $1.8 billion on sales of $19.8 billion in 2020. See how Cummins is powering a world that's always on by accessing news releases and more information at https://www.cummins.com/always-on.

Jon Mills
Cummins Inc.
Phone: 317-658-4540
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

BUFFALO, N.Y.--(BUSINESS WIRE)--Gibraltar Industries, Inc. (Nasdaq: ROCK), a leading manufacturer and provider of products and services for the renewable energy, conservation, residential, industrial and infrastructure markets, announced today that it expects to release its fourth quarter 2020 financial results at approximately 7:30 a.m. ET on Thursday, February 25, 2021. It also expects to discuss the results on a conference call that will be webcast live that same day starting at 9:00 a.m. ET. Hosting the call will be Chief Executive Officer William Bosway and Chief Financial Officer Timothy Murphy.

Those who wish to listen to the conference call should visit the Investor Info section of the Company’s website at www.gibraltar1.com. The call also may be accessed by dialing (877) 407-3088 or (201) 389-0927. For interested individuals unable to join the live conference call, a webcast replay will be available on the Company’s website for one year.

About Gibraltar
Gibraltar Industries is a leading manufacturer and provider of products and services for the renewable energy, conservation, residential, industrial, and infrastructure markets. With a three-pillar strategy focused on business systems, portfolio management, and organization and talent development, Gibraltar’s mission is to create compounding and sustainable value with strong leadership positions in higher growth, profitable end markets. Gibraltar serves customers primarily throughout North America. Comprehensive information about Gibraltar can be found on its website www.gibraltar1.com.

Timothy Murphy
Chief Financial Officer
(716) 826-6500 ext. 3277
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LHA Investor Relations
Carolyn Capaccio/Jody Burfening
(212) 838-3777
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STAFFORD, Va.--(BUSINESS WIRE)--BAE Systems has received a $184 million contract option from the U.S. Marine Corps for 36 additional Amphibious Combat Vehicles (ACV) under full-rate production. The order demonstrates the Marine Corps’ confidence in a program that is on track to deliver this critical capability to the Marines.

This contract award will cover production, fielding, and support costs for the ACV personnel carrier (ACV-P) variant. BAE Systems was awarded the first full-rate production contract option in December for the first 36 vehicles. This option on that contract increases the total number of vehicles under full-rate production to 72, for a total value of $366 million.

“The exercising of this option validates years of teamwork in partnership with the Marines to provide the most adaptable amphibious vehicle possible to meet their expeditionary needs,” said John Swift, director of amphibious programs at BAE Systems. “The ACV was designed to meet the Marines’ needs of today while allowing for growth to meet future mission role requirements.”

The ACV is a highly mobile, survivable, and adaptable platform for conducting rapid ship-to-shore operations and brings enhanced combat power to the battlefield. BAE Systems is under contract to deliver two variants to the Marine Corps under the ACV Family of Vehicles program: the ACV-P and the ACV command variant (ACV-C). A 30mm cannon (ACV-30) is currently under contract for design and development and a recovery variant (ACV-R) is also planned.

The Marine Corps selected BAE Systems along with teammate Iveco Defence Vehicles for the ACV program in 2018 to replace its legacy fleet of Assault Amphibious Vehicles (AAV), also built by BAE Systems. BAE Systems was also recently awarded an indefinite delivery indefinite quantity (IDIQ) contract worth up to $77 million for the ACV program that includes the provision of spare and replacement parts, testing equipment, and other services.

ACV production and support is taking place at BAE Systems locations in Stafford, Virginia; San Jose, California; Sterling Heights, Michigan; Aiken, South Carolina; and York, Pennsylvania.

Elizabeth Delano
Mobile: +001 (408) 289-2312
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www.baesystems.com/US
@BAESystemsInc

New report and blog series examine value of proactive energy management to solve complexities of electric vehicle integration

BELMONT, Calif.--(BUSINESS WIRE)--A new RMI report, and supporting blog series created in partnership with The Mobility House, defines the challenges, opportunities and requirements of fleet managers to successfully scale electric vehicle fleets and charging infrastructure. Most significantly, the report, Steep Climb Ahead—How Fleet Managers Can Prepare for the Coming Wave of Electrified Vehicles, revealed the organizational complexity of accommodating fleets with multiple chargers and the critical need to effectively manage charging loads. The Mobility House collaborated with RMI to assess the U.S. managed charging market, as reflected in the report, and also provided real-world examples of cost-effective charging and future-proofing electrification plans for the blog series.

“Electrifying fleets represents the biggest near-term opportunity to drive EV adoption with large buyers and cut transportation emissions,” said Britta Gross, the managing director of RMI’s Carbon Free Mobility program. “And the sheer size of these fleets can be leveraged to remove market barriers and drive down costs that are hampering electrification across all transportation sectors.”

The blog article, Cost-Effectively Transitioning Fleets to EVs without Disrupting Operations, demonstrates how managing charging expenditures is essential for fleet operators to maintain cost-effective operations. The Mobility House, for instance, delivered $40,000 in monthly savings to a public transit fleet operator with over 50 buses by optimizing charging times based on local utility rate structures. Also covered in the post are the advantages of Charging as a Service and Energy as a Service models, which are delivering new opportunities for effective fleet management.

Nicole Geneau, SVP development at AlphaStruxure, a leading Energy as a Service provider that collaborates with The Mobility House, commented, “Energy as a Service can provide a comprehensive electrification solution that eliminates upfront capital costs, technical complexities, and execution and operational risks associated with migrating fleets from fossil to electric. On-site energy resources can give fleets resilient, sustainable and cost-effective energy solutions they need, with appropriately-sized and expertly-managed charging infrastructure wrapped in, at no upfront cost. This approach ensures fleet owners can manage total cost of ownership, meet service obligations and not worry about matching charging schedules with low time-of-use electricity rates, thus maintaining needed operating flexibility.”

In the blog article, Fleet Owners: For Big Savings, Plan Now for Electrification, key components of long-term electrification plans are described, such as determining proper vehicle to charger ratios, future-proofing fleet depots and developing a comprehensive energy management strategy. Examples from The Mobility House show how the company effectively reduced the number of needed chargers for a public transit operator from 20 to 14 as well as saved a projected $98,000 for the Stockton Unified School District (SUSD) through effective planning and fleet charging management.

“Our success in guiding fleet operators through the sophisticated stages of developing the most cost-effective charging infrastructure, while also ensuring future-readiness as fleets scale, has been demonstrated at over 500 commercial sites around the world,” said The Mobility House U.S. Managing Director Gregor Hintler. “The aim in sharing real-world scenarios fleet managers have encountered is so the industry can build upon lessons learned around the importance of proactive planning and ongoing smart charging management.”

The Mobility House’s Charging and Energy Management system ChargePilot allows fleet operators to manage the charging of electric transit, school bus, logistics, delivery and municipal fleet depots of all sizes through a secure local and cloud-based solution that is modular, scalable and hardware-agnostic.

About The Mobility House

The Mobility House mission is to create an emissions-free energy and mobility future. Since 2009, the company has developed an expansive partner ecosystem to intelligently integrate electric vehicles into the power grid, including electric vehicle charger manufacturers, 750+ installation companies, 65+ energy suppliers, and automotive manufacturers ranging from Audi to Tesla. The Mobility House’s unique vendor-neutral and interoperable technology approach to smart charging and energy management has been successful at over 500 commercial installations around the world. The Mobility House has 155 employees across its operations in Munich, Zurich and Belmont, Calif. For more information visit mobilityhouse.com.

Christine Bennett for The Mobility House
This email address is being protected from spambots. You need JavaScript enabled to view it. | +1 925.330.4783

Howard University, a leading HBCU, partners with ENGIE North America, a leading energy services provider

HOUSTON--(BUSINESS WIRE)--#ENGIE--ENGIE North America announced today that it has solidified its relationship with Howard University, one of the nation’s premiere HBCUs, by executing a long-term agreement for the design, construction, operation, and maintenance of a new central utility plant on Howard’s campus located in Washington, D.C.

The new central utility plant will provide both electric and steam services for buildings on campus. Under this agreement, ENGIE will design and construct the new plant and once complete, provide operations and maintenance services over the next 20 years. This long-term partnership will result in safe, reliable operation and resilient service for Howard’s students, faculty and other stakeholders, while at the same time reducing the campus’ carbon footprint and furthering Howard’s energy efficiency goals. ENGIE plans to begin construction in late-February with expected completion in late 2022.

The new, modern steam plant will be a combined heat and power (CHP) plant, which will generate 35-40 percent of the University’s electric consumption on site. This technology produces a single source of energy that generates electricity or power at the point of use and utilizes exhaust heat that would normally be lost in the generation process to be recovered and recycled to produce steam.

After managing numerous challenges related to its aging energy distribution infrastructure, the University sought a new solution in 2018 that would completely overhaul the existing central utility plant. ENGIE worked alongside the University on a feasibility study that included a site investigation and recommendations for near-term and long-term solutions for the system. The shared goal was to develop a cost-effective, energy solution to ensure safe operations and eliminate the risk of future campus closures stemming from problems with campus utilities.

“Guided by our shared “Howard Forward” strategic vision, Howard is taking a proactive approach to strategizing and modernizing the University’s aging steam plant. Our partnership with ENGIE, to address one of the campus’ more critical infrastructural risks, will not only move our existing steam plant into the 21^st century, but provide a blueprint for other HBCUs in their efforts to reduce vulnerabilities and become more energy efficient,” said Howard’s Executive Vice President and Chief Operating Officer, Tashni-Ann Dubroy, Ph.D.

“Howard University is an incredible leader in the constellation of Historically Black Colleges and Universities across the United States,” said Serdar Tüfekçi, Head of Large Campus Partnerships at ENGIE North America Inc. “It is fitting that Howard University has taken this bold step to lead towards the energy transition. ENGIE North America is proud to serve the community’s long-term vision of creating a utility system that is resilient, reliable and affordable for the University and its stakeholders.”

About Howard University

Founded in 1867, Howard University is a private, research university that is comprised of 13 schools and colleges. Students pursue more than 140 programs of study leading to undergraduate, graduate and professional degrees. The University operates with a commitment to Excellence in Truth and Service and has produced one Schwarzman Scholar, three Marshall Scholars, four Rhodes Scholars, 11 Truman Scholars, 25 Pickering Fellows and more than 165 Fulbright recipients. Howard also produces more on-campus African-American Ph.D. recipients than any other university in the United States. For more information on Howard University, visit www.howard.edu.

About ENGIE North America

ENGIE North America Inc. offers a range of capabilities in the United States and Canada to help customers decarbonize, decentralize and digitalize their operations. These include comprehensive services to help customers run their facilities more efficiently and optimize energy and other resource use and expense; clean power generation; energy storage; and retail energy supply that includes renewable, demand response, and on-bill financing options. Nearly 100% of the company’s power generation portfolio is low carbon or renewable. Globally, ENGIE S.A. relies on their key businesses (gas, renewable energy, services) to offer competitive solutions to customers. With 170,000 employees worldwide, customers, partners and stakeholders, we are a community of Imaginative Builders, committed every day to more harmonious progress. For more information on ENGIE North America, please visit our LinkedIn page or Twitter feed, www.engie-na.com and www.engie.com.

ENGIE North America Media Contact:
Sandrine Deparis, This email address is being protected from spambots. You need JavaScript enabled to view it., (202) 855 3705

Howard University Media Contact:
Alonda Thomas, This email address is being protected from spambots. You need JavaScript enabled to view it., (202) 578-1679

Investor Conference Call at 4:30 PM ET

VISTA, Calif.--(BUSINESS WIRE)--$FLUX #NASDAQ--Flux Power Holdings, Inc. (NASDAQ: FLUX), a developer of advanced lithium-ion industrial batteries for commercial and industrial equipment, today reported financial results for its second quarter of fiscal year 2021 (Q2’21).

Financial Highlights:

• Q2’21 revenue grew 79% to a record $6.5M compared to Q2’20 revenue of $3.6M.
• Q2’21 gross margin increased to 23.0% compared to 9.0% in Q2’20.

Strategic Highlights:

• Received initial orders from a global food producer.
• Continued business expansion with Beam Global by supplying battery packs for solar energy storage in their mobile EV charging stations.
• Executed cost reductions and design related actions to improve gross margins.
• Announced three patents pending for advanced lithium-ion battery technology.
• Developed the next generation LiFT Pack M24 for Class III end riders and center riders, to be launched at the ProMat DX material handling tradeshow.
• Received UL Listing for battery packs for narrow aisle walkies and end riders.

“The Flux Power team worked hard last quarter to deliver record revenue despite the COVID-19 pandemic,” said Flux Power CEO Ron Dutt. “Our expanded UL Listings and three patents pending support our goal to lead the adoption of lithium-ion solutions for Fortune 500 customers.”

Q2’21 Financial Results

Revenue: Q2’21 revenue increased by 79% to $6.5M compared to $3.6M in Q2’20, driven by sales of larger LiFT Packs and stationary power applications.

Gross Profit: Q2’21 gross profit improved to $1.5M compared to a gross profit of $326K in Q2’20 principally reflecting higher sales volumes and gross margin improvements.

Selling & Administrative: Expenses increased to $3.1M in Q2’21 from $2.2M in Q2’20, reflecting expense for our $50M shelf registration and “At-The-Market” offering, D&O insurance increases, increased sales commissions, and increased customer support expense from over 8,000 battery packs in the field.

Research & Development: Expenses increased to $1.6M in Q2’21, compared to $1.0M in Q2’20 reflecting our continued rollout of new product models, third party expense for added UL Listing certification, UN38.3 certification for transportation, and further development of our telemetry products.

Net Loss: Q2’21 net loss increased slightly to $3.4M from a net loss of $3.3M in Q2’20, principally reflecting higher operating costs offsetting gross profit increases and lower interest expense from debt conversions of $2.2M.

Fiscal Year 2021 Outlook

Our business momentum continues on track, with our seasonally slower quarter which ended September 30 behind us. While the COVID-19 pandemic created caution with lockdowns and increased infection rates in the quarter ended December, logistic and material handling needs were not significantly impacted.

Despite restrictions from the COVID-19 environment, we made progress on acquiring new customers, with initial orders from several Fortune 500 companies.

Our product expansion plans are on track with new models, added UL listings and OEM support; these developments expand our product platform for large fleets.

CEO Ron Dutt added, “The strong activity in the electrification sector during Q2’21 provides clear signals on sustained interest in renewable energy and environmentally clean sources of power for equipment. Flux Power is well positioned to serve this growing demand.”

Conference Call

Management will hold a conference call today starting at 4:30 PM ET. Investors and analysts interested in joining the call are invited to dial (833) 428-8374 or (270) 240-0543. The conference ID is 2178397. A recording of the conference call will be uploaded to the Flux Power website once it is available.

About Flux Power Holdings, Inc. (www.fluxpower.com)

Flux Power designs, develops, manufactures, and sells advanced lithium-ion energy storage solutions for lift trucks, airport ground support equipment (GSE), stationary energy storage, and other industrial and commercial applications. Flux Power’s “LiFT Pack” battery packs, including its proprietary battery management system (BMS), provide its customers with a better performing, higher value, and more environmentally friendly alternative as compared to traditional lead acid and propane-based solutions.

Cautionary Statement Regarding Forward-Looking Statements

This release contains projections and other "forward-looking statements" relating to Flux Power’s business, that are often identified by the use of "believes," "expects" or similar expressions. Forward-looking statements involve a number of 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 the development and success of new products, projected sales, 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 of current and new products. 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.

Follow us at:
Blog: Flux Power Blog
News Flux Power News
Twitter: @FLUXpwr
LinkedIn: Flux Power

Media & Investor Relations:
Justin Forbes
877-505-3589
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COLUMBUS, Ohio--(BUSINESS WIRE)--The Battelle Savannah River Alliance (BRSA) team has received a Notice to Proceed with Transition after it was selected by the Department of Energy in December to manage one of the country’s premier environmental, energy, and national security research facilities—the Savannah River National Laboratory (SRNL).

Employing approximately 1,000 people, SRNL conducts research and development for diverse federal agencies, providing practical, cost-effective solutions for the nation’s environmental, nuclear security, energy and manufacturing challenges. As the U. S. Department of Energy’s (DOE’s) Environmental Management Laboratory, SRNL provides strategic scientific and technological support for the nation’s $6 billion per year waste clean-up program.

BSRA is led by and wholly-owned by Battelle, one of DOE’s leading laboratory management contractors. The BSRA Team includes five regional universities—Clemson University, Georgia Institute of Technology, South Carolina State University, University of Georgia, and University of South Carolina—as well as small business partners, Longenecker & Associates and TechSource.

The contract includes a five-year base with five, one-year options. The estimated value of the contract is $3.8 billion over the course of ten years if all options are exercised. BRSA will begin the 120-day transition period on Feb. 16.

Dr. Vahid Majidi, currently Executive Vice President and Director of SRNL for the incumbent contractor Savannah River Nuclear Solutions, LLC, will serve as the Laboratory Director for BSRA. Dr. Majidi is a decorated former member of the senior executive service and senior intelligence service with direct reporting responsibilities to the U.S. Secretary of Defense, U.S. Director of National Intelligence and the Director of the Federal Bureau of Investigation. He has more than 30 years of experience in the areas of chemistry, measurement science and technology, national and homeland security, science and technology policy, and nuclear nonproliferation. He holds a Ph.D in chemistry from Wayne State University and a B.A. in science and chemistry from Eastern Michigan University.

“It is a tremendous honor to be selected as leader of one of the nation’s leading research institutions, that is working at the forefront of science and technology to solve complex environmental challenges,” Majidi said. “I look forward to working closely with the DOE, the Savannah River Site contractors, our SRNL leadership team, laboratory staff and community members to carry out a seamless transition.”

Majidi noted that the lab has strong partnerships with the states of South Carolina and Georgia, especially in its engagement with communities on STEM education initiatives.

“BSRA and our university partnerships will allow us to expand on that interaction with our communities and ensure best-of-class STEM education is shared with our community partners,” he said. Hear more from Majidi in this video.

“We’re both honored and excited to have this opportunity to be a part of a very bright future at SRNL,” said Mark Peters, Battelle’s Executive Vice President for Global Laboratory Operations. “BSRA’s approach will ensure the delivery of high impact science, technology and engineering solutions into the future through a significant expansion of SRNL’s core competencies and programs. Our team offers an exciting, compelling vision for the future of SRNL and provides DOE a leadership team and strategy that will deliver excellence in science and technology, operations, and community engagement.”

Battelle currently has a management role at seven DOE national labs including Pacific Northwest National Lab, Brookhaven National Lab, Oak Ridge National Lab, National Renewable Energy Lab, Idaho National Lab, Los Alamos National Lab and Lawrence Livermore National Lab. It also operates the National Biodefense Analysis and Countermeasures Center for the Department of Homeland Security.

About Battelle

Every day, the people of Battelle apply science and technology to solving what matters most. At major technology centers and national laboratories around the world, Battelle conducts research and development, designs and manufactures products, and delivers critical services for government and commercial customers. Headquartered in Columbus, Ohio since its founding in 1929, Battelle serves the national security, health and life sciences, and energy and environmental industries. For more information, visit www.battelle.org, or contact Katy Delaney at (614) 424-7208 or This email address is being protected from spambots. You need JavaScript enabled to view it..

Katy Delaney
(614) 424-7208
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New co-op and drop-off site will grant 80+ breweries access to industrial recycling.

MILLS RIVER, N.C.--(BUSINESS WIRE)--Sierra Nevada Brewing Co. and American Recycling of Western North Carolina (WNC) announced today the formation of the Western North Carolina Brewery Recycling Cooperative and the upcoming opening of a new recycling drop-off site near Asheville. The cooperative and the new drop-off site, which is set to open in the coming months, will create infrastructure for the area’s 80+ breweries to recycle common industry wastes currently going to landfill.

“The cooperative is an effort to pool resources and leverage our shared economy of size to make a real difference in the community,” said Leah Cooper, Sustainability Program Manager at Sierra Nevada.

The new recycling co-op will be available to breweries and small businesses across Western North Carolina, greatly increasing the area’s ability to recycle commercial materials.

“This is a win-win for both the local breweries and American Recycling,” said Ron Moore, owner of American Recycling of WNC. “We want to thank Sierra Nevada and all of the others that have helped to make this possible.”

Sierra Nevada spearheaded the effort, partnering with American Recycling and local breweries to develop the co-op and collect matching funds for the construction of the drop-off site. Other participating breweries include Asheville Brewing Co., Bhramari Brewing Co., Buchi, Burial Beer Co., Catawba Brewing Co., Hi-Wire Brewing, New Belgium Brewing Co., Wicked Weed Brewing, and Zillicoah Beer Company.

“Many craft breweries use traditional recycling methods where all recyclables are collected together,” explained Cooper. “Because of this, they can’t recycle common industry waste like malt bags, shrink wrap, and PET strapping.”

To combat this, Sierra Nevada started allowing local breweries to drop off recyclable materials at its Mills River facility, which has the volume and infrastructure needed to recycle common industry waste. But it soon became overwhelmed by the demand and realized the opportunity for a cooperative in the community.

While recycling cooperatives aren’t new, WNC Brewery Recycling Cooperative is unique in its breadth and impact.

“We’ve taken into account the 80+ breweries in our region,” said Cooper. “And while the cooperative was created with breweries in mind, it will also be open to any business with similar materials interested in participating.”

Sierra Nevada was the first company to achieve TRUE Platinum Zero Waste certification in 2013 at its Chico, CA brewery, with its Mills River brewery—the only LEED Platinum production brewery in the country—following suit in 2016. As it looks to the future, Sierra Nevada aims to reach beyond its own walls with similar initiatives that support community and regional environmental and social resiliency.

About Sierra Nevada:

Inspired by frequent trips to the Sierra Nevada mountain range, Ken Grossman founded Sierra Nevada Brewing Co. in 1980. Highly regarded for using only the finest quality ingredients, Sierra Nevada has set the standard for craft brewers worldwide with innovations in the brewhouse and in its sustainability efforts. The pioneering spirit that launched Sierra Nevada now spans both coasts with breweries in Chico, California and Mills River, North Carolina. Sierra Nevada is famous for its extensive line of beers including Pale Ale, Hazy Little Thing®, Torpedo® and a host of seasonal, specialty and limited release beers. Learn more at www.sierranevada.com.

About American Recycling of WNC:

American Recycling is one of the largest independently owned collectors, processors, and marketers of recovered paper and plastics in the Carolinas. Locally owned and operated by Ron Moore, an industry veteran with over 30 years of experience in every facet of the Recovered Material Business, American Recycling maintains a family-oriented approach to business in all interactions with its associates and customers. American Recycling offers services to all types of recovered material generators and provides flexible, customized programs that help our clients increase efficiency, reduce waste and optimize their environmental stewardship. We work with commercial printers, breweries, municipalities, manufacturing and distribution facilities, commercial shredding companies and paper converters and merchants. We partner with leading mill consumers who remanufacture our recovered material into all types of consumer products.

MEDIA CONTACT
Robin Gregory
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530-228-6659

DUBLIN--(BUSINESS WIRE)--The "GCC Solar Power Market By Technology (Photovoltaic Systems, Concentrated Systems, Parabolic Trough, Solar Power Tower, Fresnel Reflectors, Dish Stirling), By Raw Material, By Installation, By Application, By Company, By Region, Forecast & Opportunities, 2026" report has been added to ResearchAndMarkets.com's offering.

The GCC Solar Power Market is expected to grow at an impressive rate during the forecast period.

The GCC Solar Power Market is driven by the growing environmental concerns due to increasing greenhouse gases emissions and global warming. This has increased the need to shift towards cleaner forms of energy thereby positively influencing the market growth through 2026.

Additionally, supportive government policies and grants & subsidies for facilitating the use of solar energy is further expected to propel the market growth over the next few years. Furthermore, depleting fossil fuels and growing need to ensure future energy safety is expected to foster the market growth during the forecast period. However, high initial costs involved in infrastructure and setup is expected to hamper the market growth. Besides, higher electricity cost and low capacity factor can further impede the market growth through 2026.

The GCC Solar Power Market is segmented based on technology, raw material, installation, application, company, and region. Based on technology, the market can be fragmented into photovoltaic systems, concentrated systems, parabolic trough, solar power tower, fresnel reflectors and dish stirling.

The photovoltaic systems are expected to dominate the market owing to the increasing installations of solar panels and PV cells. Based on raw material, the market can be categorized into polycrystalline silicon cells, cadmium telluride, monocrystalline silicon cells and others.

The monocrystalline silicon cells segment is expected to dominate the market on account of the growing investments in solar panels and the growing demand of PV cells from the industrial sector. Based on application, the market can be classified into the residential, commercial and industrial. The commercial segment is expected to dominate the market owing to the major installations in hotels, offices, hospitals, among others.

The major players operating in the GCC Solar Power Market are Suntech Power Holdings Co., Ltd., Soitec, ReneSola Ltd., Sun & Life, Abengoa S.A., National Solar Systems LLC, Solar Frontier Kabushiki Kaisha, Canadian Solar Inc., Phoenix Solar AG, SunPower Corporation and others.

Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.

Objective of the Study:

• To analyze and estimate the market size of the GCC Solar Power Market from 2016 to 2019.
• To estimate and forecast the market size of the GCC Solar Power Market from 2020 to 2026 and growth rate until 2026.
• To classify and forecast the GCC Solar Power Market based on technology, raw material, installation, application, company, and regional distribution.
• To identify dominant region or segment in the GCC Solar Power Market.
• To identify drivers and challenges for the GCC Solar Power Market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the GCC Solar Power Market.
• To identify and analyze the profile of leading players operating in the GCC Solar Power Market.
• To identify key sustainable strategies adopted by market players in the GCC Solar Power Market.

Key Target Audience:

• Solar power manufacturers/suppliers
• Market research and consulting firms
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to solar power

Years considered for this report:

• Historical Years: 2016-2019
• Base Year: 2020
• Estimated Year: 2021
• Forecast Period: 2022-2026

Report Scope:

In this report, the GCC Solar Power Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

GCC Solar Power Market, By Technology:

• Photovoltaic Systems
• Concentrated Systems
• Parabolic Trough
• Solar Power Tower
• Fresnel Reflectors
• Dish Stirling

GCC Solar Power Market, By Raw Material:

• Polycrystalline Silicon Cells
• Cadmium Telluride
• Monocrystalline Silicon Cells
• Others

GCC Solar Power Market, By Installation:

• Crystalline PV
• Thin-Film PV

GCC Solar Power Market, By Application:

• Residential
• Commercial
• Industrial

GCC Solar Power Market, By Region:

• UAE
• Bahrain
• Saudi Arabia
• Oman
• Qatar
• Kuwait

Companies Mentioned

• Suntech Power Holdings Co., Ltd.
• Soitec (JV with Khaled Juffali Company)
• ReneSola Ltd.
• Sun & Life LLC
• Abengoa S.A.
• National Solar Systems LLC
• Solar Frontier Kabushiki Kaisha
• Canadian Solar Inc.
• Phoenix Solar AG
• SunPower Corporation

For more information about this report visit https://www.researchandmarkets.com/r/wd2t9o

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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BATAVIA, N.Y.--(BUSINESS WIRE)--Graham Corporation (NYSE: GHM), a global business that designs, manufactures and sells critical equipment for the oil refining, petrochemical and defense industries, today announced that James R. Lines, President and Chief Executive Officer, and Jeffrey F. Glajch, Vice President and Chief Financial Officer, will be presenting at the Gabelli 31st Annual Pump, Valve & Water Virtual Symposium on Thursday, February 25, 2021.

Gabelli 31st Annual Pump, Valve & Water Virtual Symposium

Thursday, February 25, 2021
3:30 p.m. Eastern Time
Live webcast link and accompanying slide presentation: www.graham-mfg.com.

ABOUT GRAHAM CORPORATION
Graham is a global business that designs, manufactures and sells critical equipment for the energy, defense and chemical/petrochemical industries. Energy markets include oil refining, cogeneration, and alternative power. For the defense industry, the Company’s equipment is used in nuclear propulsion power systems for the U.S. Navy. Graham’s global brand is built upon world-renowned engineering expertise in vacuum and heat transfer technology, responsive and flexible service and unsurpassed quality. Graham designs and manufactures custom-engineered ejectors, vacuum pumping systems, surface condensers and vacuum systems. Graham’s equipment can also be found in other diverse applications such as metal refining, pulp and paper processing, water heating, refrigeration, desalination, food processing, pharmaceutical, heating, ventilating and air conditioning. Graham’s reach spans the globe and its equipment is installed in facilities from North and South America to Europe, Asia, Africa and the Middle East.

Graham routinely posts news and other important information on its website, www.graham-mfg.com, where additional comprehensive information on Graham Corporation and its subsidiaries can be found.

Jeffrey F. Glajch
Vice President - Finance and CFO
Phone: (585) 343-2216
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Deborah K. Pawlowski / Christopher M. Gordon
Kei Advisors LLC
Phone: (716) 843-3908 / (716) 843-3942  
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LONDON--(BUSINESS WIRE)--Using AlternativeSoft’s asset selection software, we were able to find the top 3 performing hedge funds to see how they performed vs the top 5 hydrogen stocks vs the top 3 ETF clean energy, during 2020.

Combating climate change is part of President Biden's core agenda. On his first day, he addressed this issue by rejoining the Paris Climate Agreement, ending the Keystone XL pipeline and revoking oil and gas development at national wildlife monuments¹. As climate change has such a priority in Biden’s agendas, it has brought attention to the hydrogen economy.

The hydrogen economy is the process of producing hydrogen to use it as fuel, hence replacing fossil fuels and cutting carbon emission significantly². Companies that operate under the hydrogen economy are the companies that sell fuel cells, renewable energy equipment, and supply hydrogen gas. The stocks of these companies have been soaring, driven not only by President Biden's support for clean energy, but also by 60 countries agreeing to reduce their net carbon emissions by 2050 to zero³, as well as by the rising adaptation of zero-emission.

The top 5 Hydrogen stocks, Ballard Power Systems (BLDP), Cummins (CMI), Plug Power (PLUG), Bloom Energy (BE) and FuelCell Energy (FCEL), had very impressive cumulative returns in 2020. PLUG had the highest return at 1560%. FCEL comes as a second with a return of 1247%, followed by BE’s return of 385%, BLDP 269% and, CMI 50%. What has also boosted this increase, is the falling costs and rising capital coming in the industry not just in the United States but globally. In the beginning of January this year, Plug Power got a $1.5 billion investment from SK Holdings⁴.

We conclude that selecting the correct hedge funds or the correct stocks, with skills, could have generated large returns during 2020.

N.B. This article is not intended to provide any professional investment advice and should be treated as more of an opinion piece.

To trial a truly powerful and comprehensive analytic software for investment decisions, fund allocation, and our new, innovative digital due diligence visit https://www.alternativesoft.com/

¹ Erickson, B. (2021, January 21). Biden signs executive actions on COVID, climate change, immigration and more. Retrieved from https://www.cbsnews.com/news/biden-signs-executive-orders-day-one/

² Bloom, SunPower, Cummins: Hydrogen Economy Stocks To Watch As Biden Administration Takes Over. (2021, January 21). Retrieved from https://www.forbes.com/sites/greatspeculations/2021/01/21/bloom-sunpower-cummins-hydrogen-economy-stocks-to-watch-as-biden-administration-takes-over/?sh=7c28d846b55e

³ Sengupta, S., & Popovich, N. (2019, September 25). More Than 60 Countries Say They'll Zero Out Carbon Emissions. The Catch? They're Not the Big Emitters. Retrieved January 22, 2021, from https://www.nytimes.com/interactive/2019/09/25/climate/un-net-zero-emissions.html

⁴ Plug Power and South Korean SK Group to Form a Strategic Partnership to Accelerate Hydrogen Economy Expansion in Asian Markets; Plug Power to Receive $1.5 Billion Strategic Investment From SK Group. (2021, January 6). Retrieved January 22, 2021, from https://www.ir.plugpower.com/Press-Releases/Press-Release-Details/2021/Plug-Power-and-South-Korean-SK-Group-to-Form-a-Strategic-Partnership-to-Accelerate-Hydrogen-Economy-Expansion-in-Asian-Markets-Plug-Power-to-Receive-1.5-Billion-Strategic-Investment-From-SK-Group/default.aspx

Mitesh Gohil
+44 20 7510 2003
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MELBOURNE, Australia--(BUSINESS WIRE)--Hansen Technologies (ASX:HSN) is pleased to announce that Nautilus Solar Energy, LLC, a leading owner-operator of distributed generation solar projects in the United States, has selected Hansen CIS and Hansen Managed Services as a software and operational solution partner, as Nautilus Solar rapidly expands its community solar footprint. With this transaction, Hansen will become a designated Nautilus Solar operational partner and will provide support for Nautilus’s ongoing solar project management activities.

Under the terms of this agreement, Hansen CIS will enable Nautilus Solar to manage and expand its activities quickly, by focusing on its back-office operations. Initially covering Nautilus Solar’s community solar project operations in Maine and New York, the scope could expand to cover other markets which will drive further economies of scale and revenue expansion.

Nautilus Solar has acquired, developed, financed, operated and managed distributed large-scale solar projects for more than 14 years, and has invested over USD 1.2 billion of capital in solar projects across the United States.

Jim Rice, Co-Founder and Co-CEO, Nautilus Solar, commented: “At Nautilus Solar, we were attracted by Hansen’s proven ability to operate in the energy market at scale. As a public company, Hansen stands apart through the breadth and depth of its expertise. We are eyeing more expansion within the next few years and are confident that Hansen’s experience operating in diverse markets across the United States will prove to be an important asset enabling our future growth.”

John May, CEO Americas, Hansen Technologies, commented: “We are pleased to partner with Nautilus Solar during what is truly an exciting time for the company and the industry in North America. With Hansen’s operational foundation, Nautilus Solar is free to concentrate on continuing to grow its community solar portfolio. The solution will further enable Nautilus to control their brand and own their end-customer experience while providing the necessary data visibility to effectively manage and optimize their business and various community solar projects. The future is one where renewables, notably solar power, will become more mainstream and we could not be more proud to be part of Nautilus Solar’s community solar initiatives.”

Hansen CIS is a purpose-built customer information software solution for the energy and utilities sector, including emerging community solar operators. The software is designed to handle every aspect of the customer life cycle using open architecture, an understanding of local regulations and technology standards to speed integration with business and operational systems. Hansen CIS architecture is based on standardized technology enhanced by a modular approach and an open-API library. The product is offered in various global markets and caters to energy and utilities companies operating in competitive and regulated markets.

For further information about Hansen Technologies, please visit www.hansencx.com.

About Hansen Technologies

Hansen Technologies (ASX: HSN) is a leading global provider of software and services to the energy, water and communications industries. With its award-winning software portfolio, Hansen serves 550+ customers in over 80 countries, helping them to create, sell, and deliver new products and services, manage and analyze customer data, and control critical revenue management and customer support processes.

For more information, visit www.hansencx.com

About Nautilus Solar Energy, LLC

Nautilus Solar Energy, LLC (“Nautilus”) is a leading owner-operator of distributed generation and community solar projects located throughout North America. Over its 14-year history, the Nautilus team has successfully developed, acquired, managed, and invested over $1.2 billion of capital into solar projects. Nautilus is wholly owned by Power Energy Corporation, a subsidiary of Power Corporation of Canada (TSX:POW), a global diversified management and holding company. Join Nautilus on LinkedIn, Facebook, and Twitter and/or visit www.nautilussolar.com for more information.

Adnan Bashir
Senior Corporate Communications Manager
Hansen Technologies
+1 647-204-0999

No Shareholder Action Required at This Time

GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ:FWRD) (the “Company” or “Forward”) today confirmed that Ancora Advisors (“Ancora”) has submitted a nomination notice for four candidates to stand for election to the Forward Air Board of Directors (the “Board”) at the Company’s 2021 Annual Meeting of Shareholders. Shareholders are not required to take any action at this time.

The Company issued the following statement:

Forward benefits from a strong and experienced Board that provides close oversight and guidance on the execution of the Company’s strategy. The Board – composed of 10 highly qualified directors, nine of whom are independent – brings significant experience across the logistics industry, financial operations, governance, and increasingly, technology. Our Board regularly evaluates its composition to ensure it has the right skills and perspectives to deliver value to all shareholders, and has made and intends to continue to make refreshment a priority, appointing four new independent directors since 2017, for an average Board tenure of approximately seven years.

While we believe Forward is on the right path to deliver sustainable growth for shareholders, we are also open-minded and receptive to ideas that may enhance value or our operations. To that end, members of the Board and management team have held numerous and extensive discussions with Ancora and members of its shareholder group, including Andrew Clarke and Scott Niswonger (collectively the “Ancora Group”), over the past several months to better understand its views on the Company’s strategy and progress. Through these discussions, the Board determined that it is either already executing on – or intends to undertake – many of the initiatives suggested by Ancora. In the areas where the parties disagree, the Board and management believe we can create superior value under the Forward strategic plan currently being executed.

Notwithstanding these differences in strategy, in an effort to engage constructively for the benefit of all shareholders, the Board has made a series of constructive settlement offers to Ancora. As recently as January 27, 2021, Forward made Ancora an offer whereby three new directors would be added to the Board, including any two directors chosen by Ancora, which could include any Ancora principals or members of the Ancora Group, and one independent director mutually agreed upon by Ancora and the Company. In response to a specific request made by Ancora, the proposed settlement offer also contemplated the creation of a new committee of the Board which would include two Ancora appointees, two independent directors, and Tom Schmitt as Chair. Ancora summarily rejected the proposal and demanded the appointment of three Ancora-selected candidates and 50% control of the proposed Board committee such that the Ancora Group would have veto-rights.

While we believe this proxy contest is unreasonable and disregards multiple constructive settlement offers by the Board, we remain committed to constructive and reasonable engagement with the Ancora Group moving forward, while ensuring that the best interests of all shareholders – not only those of the Ancora Group – are protected and represented.

Under Chairman and CEO Tom Schmitt, and with the full support and collaboration of the Board, we will continue to execute on the Company’s clearly defined strategy. The Board believes that its combined CEO and Chairman structure is optimal for Forward at this time as it ensures the Board is led by a voice with in-depth, critical knowledge of our business, while enhancing transparency between the Board and management overall. The structure, which includes a lead independent director, provides an effective balance between strong Company leadership and engaged oversight as it ensures the Board has a holistic view of our business when making key strategic decisions for the benefit of our shareholders.

Forward remains focused on driving continued improvements in operational performance and shipment-level profitability, while delivering enhanced offerings and service to customers. In 2020, we prudently enhanced our financial flexibility and liquidity in order to mitigate the short-term headwinds presented by COVID-19, and at year-end, we rapidly and effectively resolved certain IT challenges to minimize their impact on the business. As volumes continue to rebound, we are confident that we have emerged from the depths of the pandemic a stronger company. Simultaneously, the Company’s long-term value creation potential is compelling due to continued organic growth expansion; enhanced network capabilities; renewed commitment to Precision Execution; and consistent acquisition of complementary businesses.

The Board will review Ancora’s materials and, if appropriate, will present its formal recommendation regarding director nominations in the Company’s definitive proxy materials that will be filed with the Securities and Exchange Commission and mailed to shareholders eligible to vote at the 2021 Annual Meeting, which has not yet been scheduled.

Morgan Stanley & Co. LLC is serving as financial advisor to Forward Air and Cravath, Swaine & Moore LLP is serving as Forward Air’s legal advisor.

About Forward Air Corporation

Forward Air Corporation (NASDAQ: FWRD) is a leading asset-light freight and logistics company. We provide LTL, final mile, truckload, intermodal drayage and pool distribution services across the United States and in Canada. Headquartered in Greeneville, Tennessee, Forward operates approximately 200 facilities across the country and employs more than 5,200 people nationwide. We are more than a transportation company. As a single resource for your shipping needs, Forward is your supply chain partner. For more information, visit our website at www.forwardaircorp.com.

Forward-Looking Statements

This communication contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Words such as “believes,” “anticipates,” “intends,” “plans,” “estimates,” “projects,” “expects” or similar expressions are intended to identify these forward-looking statements. These statements, which include, but are not limited to, statements regarding the value expected to be created by Forward Air’s strategic growth plan and being on the right path to deliver sustainable growth for shareholders, Forward Air’s long-term value creation potential and its drivers, Forward Air’s response to the COVID-19 pandemic and the expectation that volumes will continue to rebound and Forward Air’s execution of its strategy to drive operational, profitability and service offering improvements are based on Forward Air’s current plans and expectations and involve risks and uncertainties that could cause future activities and results of operations to be materially different from those set forth in the forward-looking statements, including the risks described in the “Risk Factors” section of our annual and quarterly reports filed with the Securities and Exchange Commission. For further information, please refer to Forward Air’s reports and filings with the Securities and Exchange Commission.

Further, any forward-looking statement made by us in this communication is based only on information currently available to us and speaks only as of the date on which it is made. Forward Air does not undertake any obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

Additional Information and Where to Find It

In connection with the forthcoming solicitation of proxies from shareholders in respect of Forward Air’s 2021 Annual Meeting of Shareholders, Forward Air will file with the U.S. Securities and Exchange Commission (the “SEC”) a proxy statement on Schedule 14A (the “proxy statement”), containing a form of BLUE proxy card. Details concerning the nominees of Forward Air’s Board of Directors for election at Forward Air’s 2021 Annual Meeting of Shareholders will be included in the proxy statement. BEFORE MAKING ANY VOTING DECISION, INVESTORS AND SECURITY HOLDERS ARE URGED TO READ ALL RELEVANT DOCUMENTS, INCLUDING FORWARD AIR’S PROXY STATEMENT AND ANY AMENDMENTS AND SUPPLEMENTS THERETO AND ACCOMPANYING BLUE PROXY CARD, FILED WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN, OR WILL CONTAIN, IMPORTANT INFORMATION ABOUT FORWARD AIR. Shareholders may obtain free copies of the proxy statement and other relevant documents that Forward Air files with the SEC on Forward Air’s website at https://ir.forwardaircorp.com or from the SEC’s website at www.sec.gov.

Participants in the Solicitation

Forward Air, its directors and certain of its executive officers will be participants in the solicitation of proxies from shareholders in respect of Forward Air’s 2021 Annual Meeting of Shareholders. Information regarding certain of the directors and officers of Forward Air is contained in its proxy statement for the 2020 Annual Meeting of Shareholders which was filed with the SEC on March 31, 2020. To the extent holdings of Forward Air’s securities by directors or executive officers have changed since the amounts set forth in Forward Air’s 2020 proxy statement, such changes have been or will be reflected on Initial Statements of Beneficial Ownership on Form 3 or Statements of Change in Ownership on Form 4 filed with the SEC. Additional information regarding the identity of potential participants and their respective interests, by security holdings or otherwise, will be included in Forward Air’s proxy statement and other relevant documents filed with the SEC in connection with Forward Air’s 2021 Annual Meeting of Shareholders.

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Innisfree M&A Incorporated
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Virtual Event Will Examine Current State of Supply Chain Attacks and Best Practices for Managing This Massive Attack Surface

BOSTON--(BUSINESS WIRE)--#Cybersecurity--SecurityWeek, a leading provider of cybersecurity news and information to global enterprises, will host its 2021 Supply Chain Security Summit as a virtual event on March 10, 2021.

In the wake of the SolarWinds mega-hack that continues to unravel, software supply chain security and fragility is again on the front-burner for enterprise security decision makers. The complexity and opaqueness of the software supply chain has led to nation-state compromises and major worries that we’re only seeing the tip of the iceberg.

Free to attend, this virtual cybersecurity summit will examine the current state of supply chain attacks, the weakest links along the way, the biggest supply chain hacks in history, and best practices for managing this massive attack surface.

Through a fully immersive virtual environment, attendees will be able to interact with leading solution providers and other end users tasked with securing various cloud environments and services.

Presentations and workshops will focus on:

• Vulnerabilities and weak spots in the software supply chain
• Threat-intelligence on nation-state adversaries
• Best practices for developing and deploying software securely
• Tools and techniques to spot hardware supply chain problems
• Foundational security principles for supply chain and vendor risk management

This event is a must-attend for CISOs, security directors, software developers, threat hunters and vendor relationship management specialists.

Participating sponsors can be part of an engaging experience and showcase industry knowledge and solutions, while reaching a large online audience through the virtual conference center.

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DUBLIN--(BUSINESS WIRE)--The "Global Marine Vessel Energy Efficiency Market 2021-2025" report has been added to ResearchAndMarkets.com's offering.

The publisher has been monitoring the marine vessel energy efficiency market and it is poised to grow by $163.00 million during 2021-2025 progressing at a CAGR of 4% during the forecast period.

The report on marine vessel energy efficiency market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the alternative fuel and fuel engine innovations and increase in global naval vessel fleet.

The marine vessel energy efficiency market analysis includes application segment and geographical landscapes. This study identifies the adoption of renewable propulsion technologies as one of the prime reasons driving the marine vessel energy efficiency market growth during the next few years.

Companies Mentioned

• Becker Marine Systems GmbH
• Gaztransport & Technigaz SA
• Haldor Topsoe AS
• Hyundai Heavy Industries Co. Ltd.
• MAN Energy Solutions SE
• Norsepower Oy Ltd.
• PowerCell Sweden AB
• Schneider Electric SE
• Siemens AG
• Wartsila Corp.

The report on marine vessel energy efficiency market covers the following areas:

• Marine vessel energy efficiency market sizing
• Marine vessel energy efficiency market forecast
• Marine vessel energy efficiency market industry analysis

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.

Key Topics Covered:

1. Executive Summary

• Market Overview

2. Market Landscape

• Market ecosystem
• Market characteristics
• Value chain analysis

3. Market Sizing

• Market definition
• Market segment analysis
• Market size 2020
• Market outlook: Forecast for 2020 - 2025

4. Five Forces Analysis

• Five forces summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

5. Market Segmentation by Application

• Market segments
• Comparison by Application
• Systems - Market size and forecast 2020-2025
• Sensors and software - Market size and forecast 2020-2025
• Market opportunity by Application

6. Customer landscape

7. Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2020-2025
• Europe - Market size and forecast 2020-2025
• North America - Market size and forecast 2020-2025
• MEA - Market size and forecast 2020-2025
• South America - Market size and forecast 2020-2025
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

8. Vendor Landscape

• Vendor landscape
• Landscape disruption
• Competitive scenario

9. Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Becker Marine Systems GmbH
• Gaztransport & Technigaz SA
• Haldor Topsoe AS
• Hyundai Heavy Industries Co. Ltd.
• MAN Energy Solutions SE
• Norsepower Oy Ltd.
• PowerCell Sweden AB
• Schneider Electric SE
• Siemens AG
• Wartsila Corp.

10. Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

For more information about this report visit https://www.researchandmarkets.com/r/qo3odq

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Company is on track to grow the team, expand operations and accelerate new projects.

EDEN PRAIRIE, Minn.--(BUSINESS WIRE)--#HPC--Compute North, an industry leader in economical, large-scale computing infrastructure and cryptocurrency mining, announced this week that it has closed its next growth capital round of $25 million in debt financing and equity to expand capacity and enable further growth. With more than 920 PH/s under management, the company expects to see that nearly double with the upcoming development.

Compute North is one of the fastest growing companies in the bitcoin, cryptocurrency, blockchain sector. The company recently announced over 47MW of inbound equipment from Digital Currency Group.

The debt capital comes in the form of a senior secured loan from Post Road Group. Post Road Group is a privately held, US-based, investment group that focuses on private credit and private equity investments in telecommunications, media, technology, business services, and real estate. The company simultaneously closed a strategic equity round including industry leaders, family offices, and strategic partners.

“Compute North has been a pioneer in the TIER 0™ data center market, serving as a next-generation solution for blockchain and high-performance computing,” said Michael Bogdan, Managing Partner of Post Road Group. “We are excited to partner with Compute North and provide growth capital to help the company expand its operations and continue to offer efficient, scalable infrastructure services to its customers.”

With a focus on building and operating facilities that are designed to scale quickly and operate extremely cost-efficiently, the company allows customers to scale their operations in a fraction of the time. This enables organizations to maximize their operations for non-mission critical applications such as cryptocurrency mining, blockchain, machine learning, and more.

With the rising interest amongst institutional investors, family offices and individuals seeking exposure to digital assets, Compute North is seeing a strong growth in customer demand. Delivering purpose-built blockchain infrastructure combined with managed services the company is able to remove the day-to-day complexities of optimizing mining operations, paving the way for next generation applications and use cases.

“We started Compute North because we saw a unique opportunity to bring together our data center and power expertise and offer our customers a better alternative. We have stood out by providing best in class service, fair and transparent pricing and operational excellence,” said Dave Perrill, CEO of Compute North. “This injection of capital allows the company to meet customer demand, innovate our services, and expand our great team.“

Based on unprecedented demand for its services, the company will continue to seek growth capital to further facilitate customer demand. Houlihan Lokey, a California-based investment bank advised the company on this round of financing and debt.

About Compute North

Compute North is the North American leader in TIER 0™ computing. The company provides efficient, low-cost, and highly scalable infrastructure for clients in the blockchain, cryptocurrency mining and the high-performance computing space. With operations in Texas, South Dakota, and Nebraska, Compute North brings a unique combination of data center, energy, and computing expertise to deliver the lowest cost computing in the world. For additional information, please visit computenorth.com.

About Post Road Group

Post Road Group (“Post Road” or “PRG”) is a private investment firm located in Stamford, Connecticut investing in corporate credit and real estate. Since its founding in 2015, Post Road Group has completed over $1 billion of investments. PRG’s Corporate Credit platform provides growth capital through senior secured loans and structured equity investments in the Technology, Media, Telecommunications (“TMT”), and business service industries, with a focus on telecom infrastructure and communications services in the lower-middle market, providing high-growth companies with flexible capital for strategic acquisitions, organic growth, and other special situations. The Firm’s Multifamily platform acquires and operates well-located multifamily properties nationwide, with a focus on attractive in-place cash flow and the ability to create value through repositioning. The Firm’s Real Estate Credit platform provides fast, flexible lending solutions to real estate owners, leveraging its extensive network and expertise to source investments that require flexible capital, need to close quickly, or are overlooked by banks and other traditional lenders. For more information about Post Road Group, please visit www.postroadgroup.com.

Media:
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Kristyan Mjolsnes
Compute North
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TORONTO--(BUSINESS WIRE)--Almonty Industries Inc. (“Almonty”) (TSX: AII / OTCQX: ALMTF / Frankfurt: ALI.F) is pleased to announce that it has now scheduled a start date of the week of April 12^th, 2021 to commence a 12,500m drilling campaign to convert the existing historical data for its Sangdong Molybdenum Project into a NI 43-101 and JORC compliant report. The estimated time of this campaign is approximately 6 months to completion. This campaign will be focused around the previous 12,390m of historical core drilling that was conducted by Korea Tungsten and KORES in the 1980’s. At that time, indications of the preliminary high-grade ore reserves estimate were shown with grades in excess of 0.40% MoS2 with tonnage in excess of 16.30mt. The preliminary low grade global reserves indicated grades in excess of 0.11% with tonnage in excess of 120mt. If confirmed, this would create one of the world’s largest long life high grade Molybdenum projects. The Molybdenum orebody is located just 150 metres below the tungsten deposit.

Almonty’s Chairman, President and CEO Lewis Black commented:

“Our Molybdenum deposit now has every possibility to be proven to be as significant a deposit as our Tungsten project at Sangdong. Certainly, in what we know from the previous drilling conducted in part by the Korean government and by the Company, itself, all indications point to one of the world’s most significant high grade Moly projects. This campaign will allow the Company to confirm this historical data as well as formulate a robust mining plan so that this project will run alongside our tungsten mine simultaneously given that both can share the same existing mining infrastructure and the dramatic development cost savings it presents. This campaign will also allow the Company to attribute a value to the Moly deposit where currently in the absence of a NI 43-101 compliant report, it cannot apply any book value to these reserves. Being LME traded has enormous benefits to the Company regarding hedging and pricing transparency. LME quoted Molybdenum is up 54% in the last 6 months.”

About Almonty

The principal business of Toronto, Canada-based Almonty Industries Inc. is the mining, processing and shipping of tungsten concentrate from its Los Santos mine in western Spain and its Panasqueira mine in Portugal as well as the development of its Sangdong tungsten mine in Gangwon Province, South Korea and the development of the Valtreixal tin/tungsten project in north western Spain. The Los Santos mine was acquired by Almonty in September 2011 and is located approximately 50 kilometres from Salamanca in western Spain and produces tungsten concentrate. The Panasqueira mine, which has been in production since 1896, located approximately 260 kilometres northeast of Lisbon, Portugal, was acquired in January 2016 and produces tungsten concentrate. The Sangdong mine, which was historically one of the largest tungsten mines in the world and one of the few long-life, high-grade tungsten deposits outside of China, was acquired in September 2015 through the acquisition of a 100% interest in Woulfe Mining Corp. Almonty owns 100% of the Valtreixal tin-tungsten project in north-western Spain. Further information about Almonty’s activities may be found at www.almonty.com and under Almonty’s SEDAR profile at www.sedar.com.

Legal Notice

The release, publication or distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this announcement is released, published or distributed should inform themselves about and observe such restrictions.

Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.

Disclaimer for Forward-Looking Information

When used in this press release, the words “estimate”, “project”, “belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or “should” and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. This press release contains forward-looking statements. These statements and information are based on management’s beliefs, estimates and opinions on the date that statements are made and reflect Almonty’s current expectations.

Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Almonty to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: any specific risks relating to fluctuations in the price of ammonium para tungstate from which the sale price of Almonty’s tungsten concentrate is derived, actual results of mining and exploration activities, environmental, economic and political risks of the jurisdictions in which Almonty’s operations are located and changes in project parameters as plans continue to be refined, forecasts and assessments relating to Almonty’s business, credit and liquidity risks, hedging risk, competition in the mining industry, risks related to the market price of Almonty’s shares, the ability of Almonty to retain key management employees or procure the services of skilled and experienced personnel, risks related to claims and legal proceedings against Almonty and any of its operating mines, risks relating to unknown defects and impairments, risks related to the adequacy of internal control over financial reporting, risks related to governmental regulations, including environmental regulations, risks related to international operations of Almonty, risks relating to exploration, development and operations at Almonty’s tungsten mines, the ability of Almonty to obtain and maintain necessary permits, the ability of Almonty to comply with applicable laws, regulations and permitting requirements, lack of suitable infrastructure and employees to support Almonty’s mining operations, uncertainty in the accuracy of mineral reserves and mineral resources estimates, production estimates from Almonty’s mining operations, inability to replace and expand mineral reserves, uncertainties related to title and indigenous rights with respect to mineral properties owned directly or indirectly by Almonty, the ability of Almonty to obtain adequate financing, the ability of Almonty to complete permitting, construction, development and expansion, challenges related to global financial conditions, risks related to future sales or issuance of equity securities, differences in the interpretation or application of tax laws and regulations or accounting policies and rules and acceptance of the TSX of the listing of Almonty shares on the TSX.

Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to, no material adverse change in the market price of ammonium para tungstate, the continuing ability to fund or obtain funding for outstanding commitments, expectations regarding the resolution of legal and tax matters, no negative change to applicable laws, the ability to secure local contractors, employees and assistance as and when required and on reasonable terms, and such other assumptions and factors as are set out herein. Although Almonty has attempted to identify important factors that could cause actual results, level of activity, performance or achievements to differ materially from those contained in forward-looking statements, there may be other factors that cause results, level of activity, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate and even if events or results described in the forward-looking statements are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, Almonty. Accordingly, readers should not place undue reliance on forward-looking statements and are cautioned that actual outcomes may vary.

Investors are cautioned against attributing undue certainty to forward-looking statements. Almonty cautions that the foregoing list of material factors is not exhaustive. When relying on Almonty’s forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events.

Almonty has also assumed that material factors will not cause any forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS THE EXPECTATIONS OF ALMONTY AS OF THE DATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE ALMONTY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.

Almonty
Lewis Black
Chairman, President and CEO
Telephone: +1 647 438-9766
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