Business Wire News

NEW BRIGHTON, Minn.--(BUSINESS WIRE)--$APG--APi Group Corporation (NYSE: APG) (“APG”, “APi” or the “Company”) announced today that its senior management will be participating in a fireside chat during the CJS Securities 21st Annual New Ideas for the New Year Conference on Wednesday, January 13, 2021 at 8:45 a.m. ET. Additionally, one-on-one meetings with institutional investors and APi’s senior management are also being arranged as part of the conference.


The audio and presentation materials may be accessed through links on the “Investor Relations” page of APi’s website at www.apigroupcorp.com. Interested parties should check the Company’s website for any schedule updates, or time changes. The presentation will also be available for replay on the APi website for approximately 30 days.

About APi:

APi is a market-leading business services provider of safety, specialty and industrial services in over 200 locations, primarily in North America and with an expanding platform in Europe. APi provides statutorily mandated and other contracted services to a strong base of long-standing customers across industries. We have a winning leadership culture driven by entrepreneurial business leaders to deliver innovative solutions for our customers. More information can be found at www.apigroupcorp.com.


Contacts

Investor Relations Inquiries:
Olivia Walton
Vice President of Investor Relations
Tel: +1 651-604-2773
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Media Contact:
Liz Cohen
Kekst CNC
Tel: +1 212-521-4845
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

  • US$12 million investment to acquire 19.9% of Sayona Mining Limited and 25.0% of Sayona Quebec
  • Binding supply agreement for 50% of Sayona Quebec’s spodumene concentrate production
  • Geographic diversification into a world-class mining jurisdiction with large resource base
  • Piedmont positioned to become a major producer of lithium hydroxide from internal and 3rd party spodumene

NEW YORK--(BUSINESS WIRE)--$PLL #Lithium--Piedmont Lithium Limited (“Piedmont” or “Company”) is pleased to announce that it has entered into agreements (“Agreements”) to establish a strategic partnership with Sayona Mining Limited (“Sayona”) (ASX:SYA) through the purchase of equity stakes in Sayona and its 100% owned Quebec subsidiary, Sayona Quebec Inc (“Sayona Quebec”), as well as a binding supply agreement for at least 50% of Sayona Quebec’s planned spodumene concentrate production.


Piedmont will acquire an initial 9.9% equity interest in Sayona for approximately US$3.1 million (“Share Placement”) and two unsecured convertible notes (“Convertible Notes”) for approximately US$3.9 million that upon conversion would result in Piedmont acquiring an additional 10.0% equity interest in Sayona. Piedmont will appoint one director to Sayona’s Board of Directors. Piedmont will also purchase a 25.0% stake in Sayona Quebec for approximately US$5.0 million in cash (“Project Investment”). Sayona Quebec owns the DFS-level Authier lithium project, the highly prospective Tansim lithium project, and is pursuing a bid to acquire Quebec-based North American Lithium’s (“NAL”) assets.

Piedmont and Sayona Quebec have also entered into a binding spodumene concentrate (“SC6”) supply agreement (“Supply Agreement”) pursuant to which Sayona Quebec will supply to Piedmont the greater of 60,000 t/y or 50% of Sayona Quebec’s SC6 production at market prices on a life-of-mine basis.

The Share Placement and issue of the Convertible Notes are expected to close the week of January 11, 2021 with the Project Investment expected to close in February 2021. Material terms of the Agreements are included in the Summary of Transaction Terms at the end of this announcement.

Keith D. Phillips, President and Chief Executive Officer, commented: “Piedmont’s partnership with Sayona will provide multiple benefits. Sayona has high quality asset in a favorable location, and the investments are being made at an attractive valuation. The investments are additive to Piedmont from a resources and reserves perspective, and the spodumene supply agreement will offset our Tesla commitments in the near term and position us for longer term growth in lithium hydroxide production. Furthermore, Sayona’s pursuit of the brownfield assets of NAL offers a unique regional consolidation opportunity.

“Quebec is poised to become an important lithium hydroxide production center given its abundant mineral resources, low-cost, sustainable hydro-electric power, proximity to major US and European electric vehicle markets, and pro-electrification stance of provincial leaders. Sayona’s assets are favorably located in the Val-d’Or region of central Quebec, home to major mining concerns and proximate to first-class infrastructure. Sayona’s core Authier project is well-advanced, with reserves declared and DFS complete, the nearby Tansim project offers strong exploration potential, and the regional consolidation opportunities including NAL are intriguing.”

“This is a very exciting step for Piedmont. We look forward to supporting Sayona’s team as they drive day-to-day activities in Quebec, while Piedmont’s team focuses on its core interests in North Carolina. 2021 will be an important year for our Piedmont Lithium Project, as we plan to expand our mineral resources, finalize permitting, execute additional lithium offtake agreements, complete an integrated definitive feasibility study, and secure strategic project financing. We are fortunate to have a strong balance sheet to comfortably fund the Sayona investments without compromising our aggressive plans in North Carolina.”

About Sayona Mining

Sayona Mining Limited (ASX:SYA; OTC:DMNXF) is an emerging lithium miner, with projects in Québec, Canada and Western Australia. In Québec, Sayona is progressing a bid for the North American Lithium mine with the backing of a world-class advisory team, while advancing its flagship Authier Lithium Project and its emerging Tansim Project. In Western Australia, the Company holds a large tenement portfolio in the Pilbara region prospective for gold and lithium. For more information, please visit www.sayonamining.com.au.

About Piedmont Lithium

Piedmont Lithium Limited (ASX:PLL; Nasdaq:PLL) holds a 100% interest in the Piedmont Lithium Project, a pre-production business targeting the production of 160,000 t/y of spodumene concentrate and the manufacture of 22,700 t/y of battery quality lithium hydroxide in North Carolina, USA to support electric vehicle and battery supply chains in the United States and globally. Piedmont’s premier southeastern USA location is advantaged by favorable geology, proven metallurgy and easy access to infrastructure, power, R&D centers for lithium and battery storage, major high-tech population centers and downstream lithium processing facilities. Piedmont has reported 27.9Mt of Mineral Resources grading at 1.11% Li2O located within the world-class Carolina Tin-Spodumene Belt (“TSB”) and along trend to the Hallman Beam and Kings Mountain mines, which historically provided most of the western world’s lithium between the 1950s and the 1980s. The TSB has been described as one of the largest lithium provinces in the world and is located approximately 25 miles west of Charlotte, North Carolina.

Summary of Transaction Terms

Share Placement

Subscriber

Piedmont Lithium Limited (ASX:PLL)

Issuer

Sayona Mining Limited (ASX:SYA)

No. of Securities

336,207,043 shares

Subscription Price

US$0.0092 per share (aggregate of US$3,093,104.80)

Board Representation

For so long as the Subscriber holds voting power of at least 9% in the Issuer, the Subscriber will have the right to appoint one person as a non-executive director of the Issuer

Other

For so long as the Subscriber holds voting power of at least 9% the Issuer must not issue shares (other than a pro-rata offer of shares to all shareholders on the same terms in which the Subscriber is entitled to participate) without the Subscriber’s prior written consent

Convertible Notes

Subscriber

Piedmont Lithium Limited (ASX:PLL)

Issuer

Sayona Mining Limited (ASX:SYA)

No. of Securities

  • One Tranche A convertible note (convertible into 342,873,866 shares)
  • One Tranche B convertible note (convertible into 81,100,000 shares, subject to Issuer shareholder approval)

Term

5 years

Subscription Price and Face Value

  • Tranche A convertible note - US$3,154,439.57
  • Tranche B convertible note - US$746,120.00

Interest

No interest is payable on convertible notes if completion of the Project Investment occurs

Security

Unsecured

Conversion Price

US$0.0092 per share

Conversion

The Subscriber can convert the convertible notes at any time during the Term, provided that the Subscriber must immediately convert the convertible notes if completion of the Project Investment occurs (and Issuer shareholder approval has been obtained in relation to the conversion of the Tranche B convertible note).

Project Investment

Buyer

Piedmont Lithium Limited (or its nominee)

Seller

Sayona Mining Limited (ASX:SYA)

Sale and Purchase

The Seller agrees to sell, and the Buyer agrees to buy, 25% of the Seller’s 100% interest in Sayona Quebec Inc. which holds the rights to the Authier and Tansim lithium projects

Consideration

US$5,006,335.64

Conditions

Completion is conditional on the following conditions precedent which are for the benefit of the Buyer and can only be waived by the Buyer:

(a) Seller shareholder approval being obtained for the conversion of Tranche B convertible note;

(b) completion of due diligence to the satisfaction of the Buyer;

(c) execution of a shareholders agreement in relation to the Seller;

(d) no material adverse change; and

(e) other customary conditions.

Other

Customary representations, warranties and pre-completion obligations

Supply Agreement

Buyer

Piedmont Lithium Carolinas, Inc., a wholly-owned subsidiary of Piedmont

Seller

Sayona Quebec Inc.

Product

Spodumene concentrate containing 6.0% Li2O grade (dry basis)

Quantity

60,000 dry metric tonnes (“dmt”) per year or 50% of Seller’s production, whichever is greater

Term

Life-of-mine

Price

Market pricing (based on an average price for CIF China Price (US$) for 6.0% SC6 dry basis) with a minimum price of US$500/t and a maximum price of US$900/t on a delivered basis to the Buyer’s planned lithium hydroxide plant in North Carolina

Conditions

Buyer and Seller agreeing to a start date for Product deliveries between July 2023 and July 2024 based on the development schedules of both parties

Forward Looking Statements

This announcement may include forward-looking statements. These forward-looking statements are based on Piedmont’s expectations and beliefs concerning future events. Forward looking statements are necessarily subject to risks, uncertainties and other factors, many of which are outside the control of Piedmont, which could cause actual results to differ materially from such statements. Piedmont makes no undertaking to subsequently update or revise the forward-looking statements made in this announcement, to reflect the circumstances or events after the date of that announcement.

Cautionary Note to United States Investors Concerning Estimates of Measured, Indicated and Inferred Resources

The Project’s Core property Mineral Resource of 25.1Mt @ 1.13% Li2O comprises Indicated Mineral Resources of 12.5Mt @ 1.13% Li2O and Inferred Mineral Resources of 12.6Mt @ 1.04% Li2O. The Central property Mineral Resource of 2.80Mt @ 1.34% Li2O comprises Indicated Mineral Resources of 1.41Mt @ 1.38% Li2O and 1.39Mt @ 1.29% Li2O. The information contained in this announcement has been prepared in accordance with the requirements of the securities laws in effect in Australia, which differ from the requirements of U.S. securities laws. The terms "mineral resource", "measured mineral resource", "indicated mineral resource" and "inferred mineral resource" are Australian terms defined in accordance with the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the “JORC Code”). However, these terms are not defined in Industry Guide 7 ("SEC Industry Guide 7") under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), and are normally not permitted to be used in reports and filings with the U.S. Securities and Exchange Commission (“SEC”). Effective January 1, 2021, the SEC has adopted amendments to its disclosure rules to modernize the mineral property disclosure requirements for issuers whose securities are registered with the SEC under the Exchange Act and as a result, the SEC now recognizes estimates of "measured mineral resources", "indicated mineral resources" and "inferred mineral resources". In addition, the SEC has amended its definitions of "proven mineral reserves" and "probable mineral reserves" to be "substantially similar" to the corresponding definitions under the JORC Code. However, information contained herein that describes Piedmont’s mineral deposits may not be comparable to similar information made public by U.S. companies subject to reporting and disclosure requirements under the U.S. federal securities laws and the rules and regulations thereunder. U.S. investors are urged to consider closely the disclosure in Piedmont’s Form 20-F, a copy of which may be obtained from Piedmont or from the EDGAR system on the SEC’s website at http://www.sec.gov/.

Competent Persons Statement

The information in this announcement that relates to Exploration Results, Metallurgical Testwork Results, Exploration Targets, Mineral Resources, Concentrator Process Design, Concentrator Capital Costs, Concentrator Operating Costs, Mining Engineering and Mining Schedule is extracted from the Company’s ASX announcements dated July 23, 2020, May 26, 2020, June 25, 2019, April 24, 2019, and September 6, 2018 which are available to view on the Company’s website at www.piedmontlithium.com. Piedmont confirms that: a) it is not aware of any new information or data that materially affects the information included in the original ASX announcements; b) all material assumptions and technical parameters underpinning Mineral Resources, Exploration Targets, Production Targets, and related forecast financial information derived from Production Targets included in the original ASX announcements continue to apply and have not materially changed; and c) the form and context in which the relevant Competent Persons’ findings are presented in this report have not been materially modified from the original ASX announcements.

This announcement has been authorized for release by the Company’s Board of Directors.


Contacts

Keith Phillips
President & CEO
T: +1 973 809 0505
E: This email address is being protected from spambots. You need JavaScript enabled to view it.

Brian Risinger
VP - Investor Relations and Corporate Communications
T: +1 704 910 9688
E: This email address is being protected from spambots. You need JavaScript enabled to view it.

HOUSTON--(BUSINESS WIRE)--Enterprise Products Partners L.P. (NYSE: EPD) announced today it will host virtual investor meetings at the UBS Winter Infrastructure & Energy Virtual Conference Tuesday, January 12, 2021.


A copy of the latest investor slides may be accessed under the Investors tab on the Enterprise website at www.enterpriseproducts.com.

Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Our services include: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage and export and import terminals; crude oil gathering, transportation, storage and export and import terminals; petrochemical and refined products transportation, storage, export and import terminals and related services; and a marine transportation business that operates primarily on the United States inland and Intracoastal Waterway systems. The partnership’s assets include approximately 50,000 miles of pipelines; 260 million barrels of storage capacity for NGLs, crude oil, refined products and petrochemicals; and 14 billion cubic feet of natural gas storage capacity.


Contacts

Randy Burkhalter, Investor Relations, (713) 381-6812 or (866) 230-0745
Rick Rainey, Media Relations (713) 381-3635

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today an updated organizational and reporting structure that better aligns its business with identified growth markets and company strategy.


Beginning in the first quarter of 2021, Fluor will conduct its operations in three business segments: Energy Solutions, Urban Solutions and Mission Solutions.

Energy Solutions, led by Jim Breuer, will be focused on energy transition, chemicals and traditional oil and gas opportunities. Urban Solutions, led by Terry Towle, will pursue opportunities in mining, metals, advanced technologies, manufacturing, life sciences, infrastructure, and will include Fluor’s professional staffing (TRS) unit. Mission Solutions, led by Tom D’Agostino, will be primarily focused on delivering solutions to federal agencies across the U.S. government and to select international opportunities. Additionally, Fluor has also established two newly-consolidated functional organizations: Project Execution, led by Mark Fields, and Corporate Development and Sustainability, led by Al Collins.

More information on the entire senior management team can be found in the Corporate Officers section of our website.

As a result of our strategic review, we have determined that maintenance services no longer fits within Fluor’s core service portfolio. Therefore, the company is initiating plans to sell Stork. Additional information will be provided at our January 28 Strategy Day event.

About Fluor Corporation

Fluor Corporation (NYSE: FLR) is a global engineering, procurement, fabrication, construction and maintenance company with projects and offices on six continents. Fluor’s 45,000 employees build a better world and provide sustainable solutions by designing, building and maintaining safe, well executed projects. Fluor had revenue of $17.3 billion in 2019 and is ranked 181 among the Fortune 500 companies. With headquarters in Irving, Texas, Fluor has served its clients for more than 100 years. For more information, please visit www.fluor.com or follow Fluor on Twitter, LinkedIn, Facebook and YouTube.

#corp


Contacts

Brian Mershon
Media Relations
469.398.7621 / 864-281-6976 tel

Jason Landkamer
Investor Relations
469.398.7222 tel

The Genvia venture will focus on the development and industrial deployment of a game-changing electrolyzer technology for clean hydrogen production

PARIS--(BUSINESS WIRE)--Regulatory News


Schlumberger New Energy, the CEA and Partners announced today the European Commission’s approval for the formation of Genvia, a clean hydrogen production technology venture. In a unique private-public partnership model, Genvia combines the expertise and experience of Schlumberger and the CEA with VINCI Construction, Vicat, and the investment vehicle of the French Occitanie Region, l’Agence Régionale de l’Energie et du Climat (AREC).

Hydrogen is a versatile energy carrier and a key component of the energy transition for many countries targeting carbon neutrality by 2050. The new venture will accelerate the development and the first industrial deployment of the CEA high-temperature reversible solid oxide electrolyzer technology, as the most efficient and cost-effective technology for clean hydrogen production.

Broad and deep alliances are critical to reach hydrogen production goals, evolving applications and creating a new energy infrastructure.

"We are very pleased to be working alongside such experienced and strong partners as we strive to develop technologies that enable decarbonization. Together, building on a set of technologies developed by the CEA over the last decade, we have ambitious growth plans for a technology that we expect to be a game-changer in the production of clean hydrogen. This initiative demonstrates an alignment of environmental and economic growth ambitions that is important for France and Europe in support of the government’s and the Commission’s recovery plan," said François Jacq, Chairman of the CEA.

Genvia technology aims to achieve the highest system efficiency, resulting in significantly less electricity use per kg of hydrogen produced. The technology is the first of its kind that is fully reversible, giving it the flexibility to switch between electrolysis and fuel cell functions.

"Clean hydrogen production is critical for the world to meet its energy transition goals. Genvia will bring together outstanding science and advanced engineering to accelerate the development of a core technology to unlock affordable hydrogen production, energy storage and fuel applications at scale,” said Olivier Le Peuch, Chief Executive Officer, Schlumberger.

The manufacturing of solid oxide electrolyzers will occur at the Genvia gigafactory, which will be established in Béziers, Occitanie Region, France. The center for technology transfer will be located at the CEA site in Grenoble, France.

About Schlumberger New Energy

Schlumberger is the world's leading provider of technology to the global energy industry. Schlumberger New Energy explores new avenues of growth by leveraging Schlumberger’s intellectual and business capital in emerging markets, with a focus on low-carbon and carbon-neutral energy technologies. Its activities include ventures in the domains of hydrogen, lithium, carbon capture and sequestration, geothermal power and geo-energy for heating and cooling buildings.

About CEA

The CEA is a key player in research, development and innovation in four main areas: energy transition, digital transition, technology for the medicine of the future and defense and security. With a workforce of 20,000 people, based in nine French sites equipped with very large-scale research infrastructures, the CEA actively participates in collaborative projects with a large number of academic and industrial partners, in France, Europe and worldwide. According to the Clarivate 2019 ranking, the CEA is the first French research organization, in terms of number of patents filed in France and Europe.

www.cea.fr

About VINCI Construction

A subsidiary of VINCI, VINCI Construction, is a global player and European leader, active on five continents, with more than 72,000 employees and 830 companies generating revenue of €14.9 billion in 2019. Structured according to an integrated model, the company has the capacity to intervene over the entire life cycle of a structure (finance, design, construction, maintenance) in eight sectors: buildings, functional structures, transport infrastructure, hydraulic engineering, renewable and nuclear energy, the environment, hydrogen and gas sector, and mines.

www.vinci-construction.com

About Vicat

With almost 200 years of experience, the Vicat Group develops a top-class offering of mineral and bio-based construction materials. In following the trajectory it has set itself for carbon neutrality throughout its value chain, the Group operates three core lines of business: Cement, Ready-Mixed Concrete and Aggregates, as well as related activities. Still family-run, the Company has almost 9,950 employees, and generated consolidated sales of €2.7 billion in 2019. The Group operates in twelve countries: France, Switzerland, Italy, the United States, Turkey, Egypt, Senegal, Mali, Mauritania, Kazakhstan, India and Brazil. More than 60% of its sales are generated outside France.

www.vicat.com

About AREC, an investment company in the Occitanie Region

Tool of the Occitanie Region, AREC suggests energy transition solutions to territories. The Agency endeavors to offer actors adapted solutions, whether they are turnkey or specific, depending on the contexts of the actors in the territories of Occitanie. Neutral, it has an objective vision of solutions. A trusted third party for regional actors and serving the general interest, AREC's added value lies in its unique support across the entire energy transition value chain: from upstream to the realization and financing of projects. The Occitanie Region has also always positioned itself as a pioneer in the development of the hydrogen sector in its territory. This wish was illustrated in 2019 by the adoption of an unprecedented Green Hydrogen Plan, endowed with €150 million, which should make it possible to achieve the objective of becoming the leading positive energy region in Europe by 2050. AREC has actively participated in the deployment of the “green hydrogen” sector in the region since 2016, as an actor of the energy transition in Occitanie. The Agency provides technical support and invests in innovative production and distribution projects in order to deploy hydrogen ecosystems that respect the environment. Thus, AREC is already involved in major projects in Occitanie such as the HyPort project and the Hyd'Occ project.

www.arec-occitanie.fr


Contacts

Media
Giles Powell – Director of Corporate Communication, Schlumberger Limited
Tel: +1 (713) 375-3494
This email address is being protected from spambots. You need JavaScript enabled to view it.

Tuline Laeser – CEA
Tel : +33 1 64 50 20 97
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Investors
Ndubuisi Maduemezia – Vice President of Investor Relations, Schlumberger Limited
Joy V. Domingo – Director of Investor Relations, Schlumberger Limited
Tel: +1 (713) 375-3535
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Common Stock Begins Trading on the New York Stock Exchange

New Board of Directors will Include Nine Members

Tyler Glover to Continue Leadership as CEO

DALLAS--(BUSINESS WIRE)--Texas Pacific Land Corporation (NYSE: TPL) (“TPL Corporation”) announced today that the reorganization of Texas Pacific Land Trust (the “Trust”) has been completed. The Trust has transferred all of its assets, employees, liabilities and obligations to TPL Corporation and has distributed all of the shares of common stock, par value $0.01, of TPL Corporation (the “Common Stock”) to holders of sub-share certificates in certificates of proprietary interest of the Trust (“sub-share certificates”) on a pro-rata, one-for-one basis in accordance with their interests in the Trust. TPL Corporation is an independent public company that begins “regular way” trading on the New York Stock Exchange (“NYSE”) today under the symbol “TPL.”

The distribution of Common Stock was made in book-entry form only. No action was required by holders of sub-share certificates in order to receive shares of Common Stock. The trading of sub-share certificates on the NYSE has ceased and the sub-share certificates have been cancelled.

A Delaware corporation structure is more aligned with the expectations of today’s investors than the former trust structure and is intended to allow us to execute on business goals and capitalize on our superb assets, resources and business potential,” said David E. Barry, Co-Chair of the Board. John Norris, Co-Chair of the Board, added, “We expect that our enhanced governance framework, in step with practices of publicly traded peer corporations, will foster value creation over time and benefit our stockholders.”

TPL Corporation’s board of directors consists of nine directors. Barbara J. Duganier, Dana F. McGinnis, and Tyler Glover are serving as directors in Class I (with terms expiring at the 2021 annual meeting of stockholders), Donna E. Epps, General Donald G. Cook, USAF (Ret.) and Eric L. Oliver are serving as directors in Class II (with terms expiring at the 2022 annual meeting of stockholders), and David E. Barry, John R. Norris III, and Murray Stahl are serving as directors in Class III (with terms expiring at the 2023 annual meeting of stockholders). Eight of the nine directors are independent under the independence standards established by the Sarbanes-Oxley Act and the applicable rules of the U.S. Securities and Exchange Commission (“SEC”) and the NYSE.

Tyler Glover, who has been the Chief Executive Officer of the Trust since November 2016, will serve as President and Chief Executive Officer of TPL Corporation, in addition to serving as a director.

Further information about the corporate reorganization, the distribution, corporate governance and policies of TPL Corporation may be found in the information statement that was filed by TPL Corporation with the SEC, on December 31, 2020, as an exhibit to a Current Report on Form 8-K.

Sidley Austin LLP acted as legal advisor to the Trust and TPL Corporation.

About Texas Pacific Land Corporation

Texas Pacific Land Corporation is one of the largest landowners in the State of Texas with approximately 880,000 acres of land in West Texas. The Corporation is not an oil and gas producer, but its surface and royalty ownership allow revenue generation through the entire value chain of oil and gas development, including through fixed fee payments for use of our land, revenue for sales of materials (caliche) used in the construction of infrastructure, providing sourced water and treated produced water, revenue from our oil and gas royalty interests, and revenues related to saltwater disposal on our land. The Corporation also generates revenue from pipeline, power line and utility easements, commercial leases, material sales and seismic and temporary permits related to a variety of land uses including midstream infrastructure projects and hydrocarbon processing facilities.

Visit TPL Corporation at www.texaspacific.com.

Cautionary Statement Regarding Forward-Looking Statements

This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are based on TPL Corporation’s beliefs, as well as assumptions made by, and information currently available to, TPL Corporation, and therefore involve risks and uncertainties that are difficult to predict. Generally, future or conditional verbs such as “will,” “would,” “should,” “could,” or “may” and the words “believe,” “anticipate,” “continue,” “intend,” “expect” and similar expressions identify forward-looking statements. Forward-looking statements include, but are not limited to, statements regarding the corporate reorganization and other references to strategies, plans, objectives, expectations, intentions, assumptions, future operations and prospects and other statements that are not historical facts. You should not place undue reliance on forward-looking statements. Although TPL Corporation believes that plans, intentions and expectations, including those regarding the corporate reorganization, reflected in or suggested by any forward-looking statements made herein are reasonable, TPL Corporation may be unable to achieve such plans, intentions or expectations and actual results, and performance or achievements may vary materially and adversely from those envisaged in this news release due to a number of factors including, but not limited to: an inability to achieve some or all of the expected benefits of the corporate reorganization and distribution; potential adverse reactions or changes to business relationships resulting from the announcement or completion of the corporate reorganization; the potential impacts of COVID-19 on the global and U.S. economies as well as on TPL Corporation’s financial condition and business operations; the initiation or outcome of potential litigation; and any changes in general economic and/or industry specific conditions. Except as required by law, TPL Corporation undertakes no obligation to publicly update or revise any such forward-looking statements. These risks, as well as other risks associated with TPL Corporation and the corporate reorganization are also more fully discussed in a Current Report on Form 8-K filed by TPL Corporation with the SEC on December 31, 2020, which includes an information statement describing the corporate reorganization and the distribution in more detail. You can access TPL Corporation’s filings with the SEC through the SEC website at www.sec.gov and TPL Corporation strongly encourages you to do so. Except as required by applicable law, TPL Corporation undertakes no obligation to update any statements herein for revisions or changes after this communication is made.


Contacts

(214) 969-5530
Chris Steddum
Vice President, Finance and Investor Relations

DALLAS--(BUSINESS WIRE)--#energytransfer--Energy Transfer LP (NYSE: ET) today announced that Bradford D. (Brad) Whitehurst has been named as Chief Financial Officer effective immediately. Whitehurst, age 46, brings 20 years of experience to the position having served most recently as Executive Vice President and Head of Tax for the Dallas-based midstream company.


In addition to overseeing all of Energy Transfer’s taxation functions, Whitehurst has also been responsible for managing Energy Transfer’s Information Technology and Business Optimization divisions since joining the Partnership in 2014. He also serves on Energy Transfer’s Investment Committee and is a director of USA Compression Partners, LP (NYSE: USAC). Additionally, Whitehurst is a member of the board of directors for the Energy Infrastructure Council, having served in this capacity since 2017.

We are very pleased to have Brad assume the position of Chief Financial Officer,” said Tom Long, co-CEO of Energy Transfer. “His expertise and strategic counsel have been invaluable to us, not only as a member of our executive management team for the last six years, but as a longtime advisor to us on the significant M&A transactions that took place prior to him joining the Partnership. We look forward to his continued leadership as we execute our business strategies in 2021 and beyond.”

Prior to joining Energy Transfer, Whitehurst was a partner in the Washington, DC office of Bingham McCutchen LLP where he specialized in partnership taxation. He was also an attorney at Washington, DC law firms McKee Nelson LLP and Hogan & Hartson. Whitehurst is a member of both the Washington, DC and the Virginia Bar Associations and is licensed to practice law in Washington, DC.

Whitehurst graduated from Duke University in 1997 with a Bachelor of Arts in Economics and from the UNC Kenan-Flagler Business School in 1998 with a Master of Accounting degree. He received his law degree in 2001 from Duke University School of Law.

Energy Transfer LP (NYSE: ET) owns and operates one of the largest and most diversified portfolios of energy assets in the United States, with a strategic footprint in all of the major domestic production basins. ET is a publicly traded limited partnership with core operations that include complementary natural gas midstream, intrastate and interstate transportation and storage assets; crude oil, natural gas liquids (NGL) and refined product transportation and terminalling assets; NGL fractionation; and various acquisition and marketing assets. ET, through its ownership of Energy Transfer Operating, L.P., also owns Lake Charles LNG Company, as well as the general partner interests, the incentive distribution rights and 28.5 million common units of Sunoco LP (NYSE: SUN), and the general partner interests and 46.1 million common units of USA Compression Partners, LP (NYSE: USAC). For more information, visit the Energy Transfer website at energytransfer.com.

Forward Looking Statement:

This news release may include certain statements concerning expectations for the future that are forward-looking statements as defined by federal law. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management’s control. An extensive list of factors that can affect future results are discussed in the Partnership’s Annual Report on Form 10-K and other documents filed from time to time with the Securities and Exchange Commission, including the Partnership’s Quarterly Report on Form 10-Q to be filed for the current period. In addition to the risks and uncertainties previously disclosed, the Partnership has also been, or may in the future be, impacted by new or heightened risks related to the COVID-19 pandemic and the recent decline in commodity prices, and we cannot predict the length and ultimate impact of those risks. The Partnership undertakes no obligation to update or revise any forward-looking statement to reflect new information or events.

The information contained in this press release is available on our website at www.energytransfer.com.


Contacts

Energy Transfer Media Relations
Vicki Granado, Lisa Coleman, 214.840.5820
This email address is being protected from spambots. You need JavaScript enabled to view it.

Energy Transfer Investor Relations
Bill Baerg, Brent Ratliff, Lyndsay Hannah, 214.981.0795
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DUBLIN--(BUSINESS WIRE)--The "Ship Repairing Global Market Opportunities and Strategies 2030: COVID-19 Impact and Recovery" report has been added to ResearchAndMarkets.com's offering.


Ship Repairing Global Market Opportunities and Strategies 2020-30: COVID-19 Impact and Recovery provides the strategists, marketers and senior management with the critical information they need to assess the global ship repairing market.

The global ship repairing market reached a value of nearly $32,490.0 million in 2019, having increased at a compound annual growth rate (CAGR) of 1.3% since 2015. The market is expected to decline from $32,490.0 million in 2019 to $30,100.8 million in 2020 at a rate of -7.4%. The decline is mainly due to lockdown and social distancing norms imposed by various countries and economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 3.3% from 2021 ad reach $32,692.0 million in 2023. The market is expected to reach $35,688.9 million by 2025, and $43,501.4 million by 2030.

Growth in the historic period resulted from population and economic growth. Factors that negatively affected growth in the historic period were cheap cargo sales and volatile raw material prices. Factors that could hinder the growth of the ship repairing market in the future include outbreak of COVID-19, global recession, geopolitical tensions and reduction in free trade.

The ship repairing market is segmented by type of vessel into bulkers, tankers, container ships, passenger, refrigerated vessels, offshore and others. The bulkers market was the largest segment of the ship repairing market segmented by type of vessel, accounting for 29.1% of the total in 2019. Offshore segment is expected to be the fastest growing segment in the ship repairing market segmented by type of vessel, going forward, at a CAGR of 2.3% during 2019-2023.

Asia Pacific was the largest region in the global ship repairing market, accounting for 58.4% of the total in 2019. It was followed by Western Europe, North America and then the other regions. Going forward, the fastest-growing regions in the ship repairing market will be Middle East, and Asia Pacific, where growth will be at CAGRs of 3.4% and 0.7% respectively during 2019-2023. These will be followed by North America and Africa, where the markets are expected to grow at CAGRs of 0.2% and -0.1% respectively during 2019-2023.

The global ship repairing market is highly fragmented, with a large number of players in the market. The top ten competitors in the market made up to 7.43% of the total market in 2019. Major players in the market include Sembcorp Marine Ltd, United Shipbuilding Corporation, Fincantieri S.p.A., China Shipbuilding Industry Corporation, Imabari Shipbuilding Co., Ltd. among others.

The top opportunities in the ship repairing market segmented by type will arise in the tankers segment, which will gain $346.3 million of global annual sales by 2023.

Market-trend-based strategies for the ship repairing market include investing and implementing robotics, adopting 3D printing, and using nanotechnology in the manufacturing processes. Player-adopted strategies in the ship repairing market include expanding through mergers and acquisitions and collaborations.

The COVID-19 pandemic has decreased short-term potential growth opportunities for the ship repairing industry.

To take advantage of the opportunities, the report recommends the ship repairing companies to invest in eco-friendly ship repairing technologies, invest in robotics in production processes, outsource activities to low-cost countries to save costs, expand in emerging markets, and offer competitive pricing in low-income countries.

Companies Mentioned

  • Sembcorp Marine Ltd
  • United Shipbuilding Corporation
  • Fincantieri S.p.A.
  • China Shipbuilding Industry Corporation
  • Imabari Shipbuilding Co., Ltd.

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


Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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HOUSTON--(BUSINESS WIRE)--$HESM--Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) announced today that it will hold a conference call on Wednesday, January 27, 2021 at 12:00 p.m. Eastern Time to discuss its fourth quarter 2020 earnings release.


To phone into the conference call, parties in the United States should dial 866-395-9624 and enter the passcode 7380097 after 11:45 a.m. Outside the United States, parties should dial 213-660-0871 and enter the passcode 7380097. This conference call will also be accessible by webcast (audio only) on Hess Midstream’s website at www.hessmidstream.com.

A replay of the conference call will be available from January 27, 2021 through February 11, 2021, by dialing 855-859-2056 and entering the passcode 7380097. Outside the United States, parties should dial 404-537-3406 and enter the passcode 7380097.

About Hess Midstream

Hess Midstream is a fee-based, growth-oriented, midstream company that owns, operates, develops and acquires a diverse set of midstream assets to provide services to Hess and third-party customers. Hess Midstream owns oil, gas and produced water handling assets that are primarily located in the Bakken and Three Forks Shale plays in the Williston Basin area of North Dakota. More information is available at www.hessmidstream.com.

Forward Looking Statements

This press release may include forward-looking statements within the meaning of the federal securities laws. Generally, the words “anticipate,” “estimate,” “expect,” “forecast,” “guidance,” “could,” “may,” “should,” “believe,” “intend,” “project,” “plan,” “predict,” “will” and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results and current projections or expectations. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in the filings made by Hess Midstream with the U.S. Securities and Exchange Commission, which are available to the public. Hess Midstream undertakes no obligation to, and does not intend to, update these forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.


Contacts

Investor Contact:
Jennifer Gordon
(212) 536-8244

Media Contact:
Robert Young
(713) 496-6076

2021 annual earnings per share guidance range of $1.64 to $1.69
Commits to reduce Scope 1 and Scope 2 emissions by 60% by 2035

BRYN MAWR, Pa.--(BUSINESS WIRE)--Essential Utilities Inc. (NYSE: WTRG) today announces 2021 guidance including an update on the company’s municipal acquisition program and ESG objectives.


“Thanks to the dedicated team of Essential employees, 2020 was another strong year for operational excellence and growth despite the challenges posed by the pandemic,” said Essential Chairman and Chief Executive Officer Christopher Franklin. “As we turn to 2021, the company remains strong and dedicated to our mission of providing essential natural resources to our water, wastewater and natural gas customers. We are also confident in our ability to drive growth in earnings while committing to significant reductions in Essential’s overall environmental footprint.”

Environmental, Social and Governance

Essential’s long-standing environmental stewardship and sustainable business practices continue with a commitment to substantially reduce Scope 1 and 2 greenhouse gas emissions. By 2035, Essential will reduce its emissions by 60% from its 2019 baseline. This reduction is roughly equivalent to the emissions from 76,000 cars on the road over the course of the year. This will be achieved by extensive gas pipeline replacement, renewable energy purchasing, accelerated methane leak detection and repair, and various other currently planned initiatives that are highly feasible with proven technology. This science-based commitment is consistent with the rate of reduction necessary over the next 15 years to keep on track with the Paris Agreement, which aims to limit the global temperature increase to well below 2 degrees Celsius. Essential’s enterprise-wide commitments come in less than one year since the closing of the Peoples Gas acquisition.

“Climate change has become apparent around the world and we recognize our responsibility to be an industry leader by significantly reducing emissions,” said Franklin. “I am encouraged that our 2035 target achieves substantial reductions by applying proven mitigation initiatives that are already underway. Our continued focus on emissions reduction, even beyond our 60% pledge, will be among our top priorities. We are excited to write the next chapter in Essential’s long-standing commitment to environmental stewardship and look forward to sharing updates on our progress as we explore opportunities to achieve our ultimate aspiration of net zero.”

In a further commitment to ESG, the company will make public commitments to improve its already strong diversity, equity and inclusion efforts. Essential is committed to reflecting the diversity of its customer population similarly in the diversity of its employee base. The company’s 2021 Proxy Statement will include compensation metrics that include a multiyear plan to increase the amount of diverse supplier spend to 15% and a multiyear plan to achieve 17% employees of color. These targets build on the foundation of diversity that the company has developed over the last five years and are believed to be the first formal diverse employee and diverse supplier compensation metrics among the company’s peer group.

Water utility acquisition growth

Essential’s continued acquisition growth allows the company to provide safe and reliable water and wastewater service to an even larger customer base. In 2020, Essential acquired five water and wastewater systems and added approximately $62.9 million in rate base and 12,000 new customers to the company’s footprint.

In December, the company’s regulated water segment subsidiary, Aqua Pennsylvania, announced the closing of the New Garden Township wastewater system acquisition for $29.5 million, adding approximately 2,000 customer connections.

The company currently has five signed purchase agreements for additional municipal water and wastewater systems that are expected to serve approximately 225,000 equivalent retail customers or equivalent dwelling units and add approximately $420 million in rate base. This includes the agreement signed in December to acquire the wastewater system of Bourbonnais, serving approximately 6,400 customers in Illinois, for $32.1 million. The company expects Bourbonnais to close before year end, pending regulatory approval. Also included is the company’s 2019 agreement to acquire the Delaware County Regional Water Quality Control Authority (DELCORA) for $276 million. DELCORA, a Pennsylvania sewer authority, serves approximately 198,000 equivalent dwelling units in the Philadelphia suburbs. The company recently received a positive court ruling in support of the DELCORA acquisition, and after PUC approval, the company expects the transaction to close in the first half of the year.

2020 Essential financial results

The company expects to report earnings for the quarter and year ended Dec. 31, 2020 following market close on Feb. 24, 2021. The company also reaffirms that it expects 2020 financial results to be at the top end of the adjusted income per share (non-GAAP) range of $1.53-1.58.

Please refer to the reconciliation of GAAP and non-GAAP financial measures later in this press release for additional information on Essential’s use of non-GAAP financial measures as a supplement to its GAAP results.

2021 Essential guidance

Essential continues to monitor the effects of the COVID-19 pandemic on its customers, employees and the business and will update guidance impacts from the pandemic in the future if needed. The following is the company’s 2021 full-year guidance:

  • Income per diluted common share of $1.64 to $1.69
  • Earnings per share growth CAGR of 5 to 7% for 2020 through 2023
  • Regulated water segment infrastructure investments of approximately $550 million in 2021
  • Regulated natural gas segment infrastructure investments of approximately $450 million in 2021
  • Infrastructure investments of approximately $3 billion through 2023 to rehabilitate and strengthen water, wastewater and natural gas systems
  • Regulated water segment rate base compound annual growth rate of 6 to 7% through 2023
  • Regulated natural gas segment rate base compound annual growth rate of 8 to 10% through 2023
  • Average annual regulated water segment customer (or equivalent dwelling units) growth of between 2 and 3% from acquisitions and organic customer growth
  • Gas customer count stable for 2021
  • Reduction of Scope 1 and Scope 2 greenhouse gas emissions by 60% by 2035
  • Multiyear plan to increase diverse supplier spend to 15%
  • Multiyear plan to achieve 17% employees of color

Essential Utilities does not guarantee future results of any kind. Guidance is subject to risks and uncertainties, including, without limitation, those factors outlined in the “Forward Looking Statements” of this release and the “Risk Factors” section of the company’s annual and quarterly reports filed with the Securities and Exchange Commission.

Guidance Call Information

Date: Jan. 11, 2021
Time: 11 a.m. EST (please dial in by 10:45 a.m.)
Webcast and slide presentation link: https://www.essential.co/events-and-presentations/events-calendar
Replay Dial-in #: 888.203.1112 (U.S.) & +1 719.457.0820 (International)
Confirmation code: 1177890

The company’s conference call with financial analysts will take place Monday, Jan. 11, 2021 at 11 a.m. Eastern Standard Time. The call and presentation will be webcast live so that interested parties may listen over the internet by logging on to Essential.co and following the link for Investors. The conference call will be archived in the Investor Relations section of the company’s website for 90 days following the call. Additionally, the call will be recorded and made available for replay at 2 p.m. on Jan. 11, 2021 for 10 business days following the call. To access the audio replay in the U.S., dial 888-203-1112 (pass code 1177890). International callers can dial +1 719-457-0820 (pass code 1177890).

About Essential

Essential is one of the largest publicly traded water, wastewater and natural gas providers in the U.S., serving approximately 5 million people across 10 states under the Aqua and Peoples brands. Essential is committed to excellence in proactive infrastructure investment, regulatory expertise, operational efficiency and environmental stewardship. The company recognizes the importance water and natural gas play in everyday life and is proud to deliver safe, reliable services that contribute to the quality of life in the communities it serves. For more information, visit http://www.essential.co.

Forward-Looking Statements

This letter contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which generally include words such as “believes,” “expects,” “intends,” “anticipates,” “estimates” and similar expressions. The company can give no assurance that any actual or future results or events discussed in these statements will be achieved. Any forward-looking statements represent its views only as of today and should not be relied upon as representing its views as of any subsequent date. Readers are cautioned that such forward-looking statements are subject to a variety of risks and uncertainties that could cause the company’s actual results to differ materially from the statements contained in this release. Such forward-looking statements include, but are not limited to statements relating to the capital to be invested by the water, wastewater, and gas distribution divisions of the company. There are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements including the factors discussed in our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q, which is filed with the Securities and Exchange Commission. For more information regarding risks and uncertainties associated with the company’s business, please refer to the company’s annual, quarterly and other SEC filings. The company is not under any obligation - and expressly disclaims any such obligation - to update or alter its forward-looking statements whether as a result of new information, future events or otherwise.

WTRGF

 
Essential Utilities, Inc. and Subsidiaries
Reconciliation of GAAP to Non-GAAP Financial Measure
(Unaudited)
 

The Company is providing disclosure of the reconciliation of the Company's outlook of the non-GAAP financial measure "adjusted diluted income per common share" to the most comparable GAAP financial measure "diluted net income per common share." The diluted income per share guidance for 2020 reflects the completion of the Peoples acquisition March 16, 2020. The Company believes that the non-GAAP financial measure "adjusted diluted income per common share" for Essential's 2020 full-year illustrative guidance provides investors the ability to measure the Company’s future financial operating performance with adjustments, by providing an estimate of the full-year effects of the Peoples acquisition as if this transaction closed on January 1, 2020. The adjusted results are more indicative of the Company’s future performance and are more comparable to measures reported by other companies. The Company believes that the presentation of this non-GAAP financial measure is more indicative of the Company's future performance and is more comparable to measures reported by other companies.

 

This reconciliation includes a presentation of the non-GAAP financial measure “adjusted diluted income per common share” for Essential's 2020 full-year guidance and has been adjusted for the following items:

 

(1) Excludes transaction-related expenses of $25.6 million for the Company's Peoples acquisition completed in March 2020, which consisted of costs primarily representing expenses associated with obtaining regulatory approvals, investment banking fees, legal expenses, and integration planning;

 

(2) Excludes the impact of Peoples transaction-related rate credits of $23.0 million granted to Pennsylvania water and gas customers, which includes $4.1 million of water rate credits issued to Pennsylvania utility customers in the third quarter of 2020;

 

(3) In order to illustrate the full-year 2020 effects of the Peoples acquisition as if this transaction closed on January 1, 2020, this adjustment of $108.1 million includes both the estimated impact of Peoples Gas pre-tax operating results for the period in 2020 prior to closing, as well as the additional net interest expense expected to have been incurred for partially funding the estimated purchase price of Peoples;

 

(4) Excludes the income tax impact of $38.4 million for the non-GAAP adjustments described above.

 

This financial measure is a measure of the Company’s operating performance that does not comply with U.S. generally accepted accounting principles (GAAP), and is thus considered to be a “non-GAAP financial measure” under applicable Securities and Exchange Commission regulations. The non-GAAP financial measure is provided to supplement the Company's GAAP outlook and should not be considered as a substitute for measures of financial performance prepared in accordance with GAAP.

 

The following reconciles Essential's 2020 full-year guidance GAAP outlook to the non-GAAP information that we have provided:

 
Diluted net income per common share for Essential's full year 2020 guidance (GAAP financial measure)  

$1.05 to $1.10

Adjustments on a per share basis:  

 

(1) Transaction-related expenses for Peoples transaction completed in March 2020  

$0.10

(2) Peoples transaction-related commitment to grant rate credits to utility customers  

$0.09 +/- $0.01

(3) Adjustment to provide full-year run rate of Peoples operating results, including additional net interest expense  

$0.42

(4) Income tax effect of non-GAAP adjustments  

($0.15) +/- $0.02

Adjusted diluted income per common share for Essential's full year 2020 guidance (Non-GAAP financial measure)  

$1.53 to $1.58

 


Contacts

Brian Dingerdissen
Essential Utilities Inc.
Investor Relations
O: 610.645.1191
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Dan Lockwood
Communications and Marketing
O: 610.645.1157
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DALLAS--(BUSINESS WIRE)--Pioneer Natural Resources Company (“Pioneer”) (NYSE:PXD) today announced its fourth quarter 2020 earnings news release is scheduled to be issued after the close of trading on the New York Stock Exchange on Wednesday, February 17, 2021.

A conference call is scheduled for Thursday, February 18, 2021, at 9:00 a.m. Central Time to discuss the fourth quarter results. Instructions on how to listen to the call and view the accompanying presentation are shown below.

Internet: www.pxd.com
Select “Investors” then “Earnings & Webcasts” to listen to the discussion and view the presentation.

Telephone: Dial (800) 458-4121 confirmation code 7134307 five minutes before the call. View the presentation via Pioneer’s internet address above.

A replay of the webcast will be archived on Pioneer’s website. Alternatively, an audio replay will be available through March 15, 2021. To register and access the replay, click here and enter confirmation code 7134307.

Pioneer is a large independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations in the United States. For more information, visit Pioneer’s website at www.pxd.com.


Contacts

Pioneer Natural Resources Contacts:

Investors
Neal Shah – 972-969-3900
Tom Fitter – 972-969-1821
Michael McNamara – 972-969-3592
Greg Wright – 972-969-1770

Media and Public Affairs
Tadd Owens – 972-969-5760

Environmental labs can now use Waters Xevo TQ-XS APGC-MS/MS system for routine, highly sensitive testing with improved robustness

NEWS SUMMARY:



  • Under SGS AXYS Method 16130, the Waters Xevo™ TQ-XS mass spectrometer is an accepted alternative technology for dioxin analysis based on updated guidelines from the U.S. Environmental Protection Agency
  • Waters collaborated with SGS AXYS Analytical Services Ltd. to validate APGC-MS/MS as an accepted method for dioxin testing
  • U.S. environmental laboratories can consider APGC- MS/MS as an alternative to legacy magnetic sector instrumentation for routine testing of dioxins in environmental samples

MILFORD, Mass.--(BUSINESS WIRE)--#GCMSMS--Waters Corporation (NYSE:WAT) today announced that its Xevo TQ-XS atmospheric pressure gas chromatography (APGC) mass spectrometry (MS) platform is an accepted alternative for the identification and quantification of dioxins and furans in environmental samples. Dioxins are a byproduct of human industrial activity and their effects on human health are well documented1. The acceptance of Method 16130 by the United States Environmental Protection Agency’s (USEPA) Office of Water comes after a review of validation data submitted by SGS AXYS Analytical Services Ltd.

“We are extremely thankful that after a lot of hard work with the team at SGS AXYS, the USEPA has opened the door to APGC-MS/MS as an acceptable alternative for dioxin analysis,” said Warren Potts, Senior Director, Food & Environmental Business, Waters Corporation. “This is a great step forward in recognizing the value of performance-based analytical methods and it will translate to increased sensitivity and robustness in the laboratories performing dioxins and other persistent organic pollutants (POPs) analysis.”

The USEPA’s acceptance of APGC-MS/MS comes after a two-year collaboration with SGS- AXYS. Analytical Services Ltd. Recognizing the need for a more efficient solution, Waters served as a key collaborator of SGS AXYS Analytical Services in the validation of APGC-MS/MS as an approved method for dioxin testing. The standard method, gas chromatography coupled with high-resolution magnetic sector mass spectrometry (GC-HRMS), is associated with large, aging, expensive instruments that are costly to run and maintain.

"As part of the SGS AXYS 'think tank', we were excited to collaborate with the team from Waters Corporation alongside the EPA over the course of two years to develop the SGS AXYS Method 16130,” said Coreen Hamilton, a Senior Scientist with SGS Environmental, Health and Safety who worked on the project. “This method is an important piece of the puzzle in the modernization and diversification of testing for dioxins and other toxic contaminants.”

Acceptance of the APGC-MS/MS method frees laboratories to deploy modern instrumentation that is less expensive, more sensitive and easier to operate.

Learn more about the Waters Xevo TQ-XS Tandem Quadrupole MS system at Waters’ web site.

Additional Resources

About Waters Corporation (www.waters.com)

Waters Corporation (NYSE:WAT), the world's leading specialty measurement company, has pioneered chromatography, mass spectrometry, and thermal analysis innovations serving the life, materials, food and environmental sciences for more than 60 years. With more than 7,000 employees worldwide, Waters operates directly in 35 countries, including 15 manufacturing facilities, and with products available in more than 100 countries.

  1. World Health Organization, Dioxin and Their Effects on Human Health, Key Facts

Waters and Xevo are trademarks of Waters Corporation.


Contacts

Brian J. Murphy
PR Manager, Corporate Communications
Waters Corporation
This email address is being protected from spambots. You need JavaScript enabled to view it.
+1 508-482-2614

Staci Didner
Account Supervisor
PAN Communications
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Carolina Power Partners, LLC delivers reliable, low-cost energy to City of Camden


CAMDEN, S.C.--(BUSINESS WIRE)--The new year marked a change in electric service providers for the City of Camden, S.C. Carolina Power Partners (CPP), the leading independent wholesale electric provider in the Carolinas, began delivering reliable, low-cost power to Camden on January 1, 2021.

Camden is one of 12 cities in the Carolinas to enter into a long-term power purchase agreement (PPA) with CPP. In each case, the communities opted to end long-term relationships with their previous power supplier in favor of an agreement with CPP because of its proven reliability and significant price savings. CPP has long-term PPAs with three cities in South Carolina and nine in North Carolina.

“We are extremely proud to start our full requirement energy service for the City of Camden,” said TJ Higgins, CPP’s Asset Manager. “We welcome them to the CPP family and are happy to deliver low-cost, clean and reliable energy to the Camden community. We look forward to more communities throughout the Carolinas obtaining these same advantages.”

“It is important that we as a city strive to provide safe and reliable utilities to our customers at affordable and competitive rates,” said Tom Couch, Camden’s Utility Manager. “After an extensive review by our team and advisors, CPP helps us meet this objective and has proven success in other similar communities. In addition, they are a Carolina-based company that owns one of the most efficient, state-of-the-art power generating facilities.”

CPP provides much of its energy to Camden through the Kings Mountain Energy Center, a 475-MW combined-cycle power plant capable of efficiently providing clean energy to approximately 400,000 homes. Asset management services for the facility are provided by Consolidated Asset Management Services.

About Carolina Power Partners

Carolina Power Partners provides reliable electricity to local towns, cities and universities in North and South Carolina. Strategically located in the fast-growing southeastern region of the United States, CPP is positioned to provide energy to local communities to help them achieve their economic and environmental needs.

About the City of Camden

The City of Camden is responsible for providing electric power and service to approximately 10,000 customers in portions of three counties of South Carolina (Kershaw, Lee and Sumter). The City maintains both overhead and underground electric infrastructure. As a public provider, the City strives to keep rates as low as possible. The money received each month from bills is primarily used to purchase wholesale power and maintain/expand the electric infrastructure.


Contacts

TJ Higgins, CPP Asset Manager
This email address is being protected from spambots. You need JavaScript enabled to view it. | 919-747-5056

New Wolfspeed WolfPACKTM module family enables accelerated production of high growth mid-power technologies

DURHAM, N.C.--(BUSINESS WIRE)--Cree, Inc. (Nasdaq: CREE), the global leader in silicon carbide technology, today announced the launch of its Wolfspeed WolfPACK™ power modules, extending its range of solutions and ushering in a new era of performance for a diverse range of industrial power markets, including electric vehicle fast charging, renewable energy and energy storage, and industrial power applications. Using 1200V Wolfspeed® MOSFET technology, the new modules deliver maximum efficiency in easy-to-use packages that allow designers to significantly increase efficiency and performance with smaller, more scalable power systems.



Compared to silicon, the use of silicon carbide-based power solutions enable faster, smaller, lighter and more powerful electrical systems for a wide range of industrial applications. The new silicon carbide modules maximize power density while simplifying designs in a standard form factor to significantly accelerate the production and rollout of next-generation technology for a wide range of rapidly growing industrial markets, including off-board charging and solar energy solutions. The offering bridges the gap between single die discrete components and high-ampacity module solutions, giving today’s design engineers a wide breadth of portfolio options for design requirements using Wolfspeed silicon carbide.

“The introduction of the Wolfspeed WolfPACK™ power modules extends our power portfolio to cover the broad spectrum of high voltage power applications, which will help an array of high-growth industries transform as the global transition from silicon to silicon carbide continues to accelerate,” said Jay Cameron, senior vice president and general manager, Wolfspeed Power. “Maximizing power density while minimizing design complexity is essential for engineers working in the mid-power range, and the new modules simplify layouts to help accelerate production of EV fast charging and solar infrastructures.”

Wolfspeed WolfPACK power modules deliver the highest rated current topologies commercially available, delivering unsurpassed power, offering compact footprints that reduce system size, complexity and costs. The modules are available in half-bridge and six-pack configurations with a variety of on-resistance options. Visit www.wolfspeed.com/wolfspeed-wolfpack-pr for more information.

About Cree, Inc:

Cree is an innovator of Wolfspeed® power and radio frequency (RF) semiconductors and lighting class LEDs. Cree’s Wolfspeed product families include silicon carbide materials, power-switching devices and RF devices targeted for applications such as electric vehicles, fast charging inverters, power supplies, telecom and military and aerospace. Cree’s LED product families include blue and green LED chips, high-brightness LEDs and lighting-class power LEDs targeted for indoor and outdoor lighting, video displays, transportation and specialty lighting applications.

For additional product and Company information, please refer to www.cree.com.

Forward Looking Statements:

This press release contains forward-looking statements involving risks and uncertainties, both known and unknown, that may cause actual results to differ materially from those indicated. Actual results may differ materially due to a number of factors, including the risk that we may be unable to manufacture these new products with sufficiently low cost to offer them at competitive prices or with acceptable margins; the risk we may encounter delays or other difficulties in ramping up production of our capacity to supply these products; customer acceptance of our products; the rapid development of new technology and competing products that may impair demand or render Cree’s products obsolete; and other factors discussed in Cree’s filings with the Securities and Exchange Commission, including its report on Form 10-K for the year ended June 28, 2020, and subsequent filings.

Cree® and Wolfspeed® are registered trademarks, and Wolfspeed WolfPACK™ is a trademark of Cree, Inc.


Contacts

Claire Simmons
Cree, Inc.
This email address is being protected from spambots. You need JavaScript enabled to view it.
919-407-7844

HOUSTON--(BUSINESS WIRE)--Waste Management, Inc. (NYSE: WM) announced that it will release fourth quarter and full-year 2020 financial results before the opening of the market on Thursday, February 18, 2021. Following the release, Waste Management will host its investor conference call at 10 a.m. ET.


A live audio webcast of the conference call can be accessed by visiting investors.wm.com and selecting “Events & Presentations” from the website menu. Alternatively, listeners may access the call by dialing 877-710-6139 (US/Canada) or 706-643-7398 (International) and entering passcode 1965816.

A replay of the call will be available through March 4. To hear a replay of the call over the internet, access the “Events & Presentations” section on investors.wm.com. To hear a telephonic replay of the call, dial 855-859-2056 or 404-537-3406, and enter passcode 1965816.

The Company participates in investor presentations and conferences throughout the year. Interested parties can find a schedule of these conferences at investors.wm.com by selecting "Events & Presentations."

ABOUT WASTE MANAGEMENT

Waste Management, based in Houston, Texas, is the leading provider of comprehensive waste management environmental services in North America. Through its subsidiaries, the Company provides collection, transfer, disposal services, and recycling and resource recovery. It is also a leading developer, operator and owner of landfill gas-to-energy facilities in the United States. The Company’s customers include residential, commercial, industrial, and municipal customers throughout North America. To learn more information about Waste Management, visit www.wm.com.


Contacts

Waste Management

Web site:
www.wm.com

Analysts:
Ed Egl
713.265.1656
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Media:
Janette Micelli
602.579.6152
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NuScale Power receives order to prepare a Combined License Application and manage and de-risk NuScale’s small modular reactor as part of the Carbon Free Power Project

PORTLAND, Ore.--(BUSINESS WIRE)--NuScale Power today announced together with Utah Associated Municipal Power Systems (UAMPS) that it has executed agreements to facilitate the development of the Carbon Free Power Project (CFPP), which will deploy NuScale Power Modules™ at the Idaho National Laboratory (INL) and create cleaner, safer and cost-effective carbon-free power for UAMPS member utilities. Pursuant to the initial orders from UAMPS, Fluor Corporation and NuScale (as a subcontractor to Fluor) are to develop higher maturity cost estimates and initial project planning work for the licensing, manufacturing and construction of the CFPP.


“The orders between NuScale and UAMPS mark the next major step in moving forward with the commercialization of NuScale’s groundbreaking small modular reactor (SMR) technology,” said John Hopkins, NuScale Chairman and Chief Executive Officer. “This is the first step in a prudent deployment plan that could result in the order of NuScale Power Modules in 2022. We are appreciative of UAMPS’ strong partnership and collaboration as we forge a new energy frontier together.”

The orders are the result of recently signed agreements to manage and de-risk the development of the Carbon Free Power Project. These include the Development Cost Reimbursement Agreement (DCRA) between UAMPS and NuScale, and the $1.355 billion multi-year Financial Assistance Award from the U.S. Department of Energy to CFPP LLC, a wholly-owned subsidiary of UAMPS established to develop, own and operate the CFPP.

In addition, UAMPS and Fluor Corporation have signed a cost-reimbursable development agreement to provide estimating, development, design and engineering services to develop the site-specific cost estimates for deployment of the NuScale technology at the INL site. Concurrently, UAMPS will continue to evaluate the size of the NuScale power plant as Fluor refines the engineering of alternatives to ensure that the plant is the best overall cost of energy and size to meet the CFPP participants’ subscription needs.

“The orders executed today allow for important progress in the development of the Carbon Free Power Project, and we are excited to take this next step alongside our partners NuScale Power and Fluor Corporation” said Doug Hunter, UAMPS’ Chief Executive Officer and General Manager. “We are confident that NuScale’s small modular reactor will deliver affordable, stable, carbon-free energy to participating members, complementing and enabling large amounts of renewable energy in the region.”

NuScale’s SMR became the first and only design to ever receive approval from the NRC in August 2020. NuScale and UAMPS expect that the initial orders will address the final step in the regulatory process to proceed with plans to build a NuScale Power Plant as they plan for and develop the Combined License Application (COLA) for the CFPP. The UAMPS COLA is expected to be submitted to the Nuclear Regulatory Commission (NRC) by the second quarter of 2023. NRC review of the COLA is expected to be completed by the second half of 2025, with nuclear construction of the project beginning shortly thereafter.

​​​​​About NuScale Power

NuScale Power has developed a new modular light water reactor nuclear power plant to supply energy for electrical generation, district heating, desalination, and other process heat applications. This groundbreaking small modular reactor (SMR) design features a fully factory-fabricated NuScale Power Module™ capable of generating 77 MW of electricity using a safer, smaller, and scalable version of pressurized water reactor technology. NuScale's scalable design—power plants that can house up to four, six, or 12 individual power modules—offers the benefits of carbon-free energy and reduces the financial commitments associated with gigawatt-sized nuclear facilities. The majority investor in NuScale is Fluor Corporation, a global engineering, procurement, and construction company with a 60-year history in commercial nuclear power.

NuScale is headquartered in Portland, OR and has offices in Corvallis, OR; Rockville, MD; Charlotte, NC; Richland, WA; and London, UK. Follow us on Twitter: @NuScale_Power, Facebook: NuScale Power, LLC, LinkedIn: NuScale-Power, and Instagram: nuscale_power. NuScale has a new logo, brand, and website. Watch the short video.

About UAMPS

Utah Associated Municipal Power Systems (“UAMPS”) is an energy services interlocal of the State of Utah that provides power pooling, scheduling, resource management and other electric services to its members, consisting of 48 member utilities located in the states of Utah, Idaho, California, Nevada, Wyoming and New Mexico.


Contacts

Diane Hughes, Vice President, Marketing & Communications, NuScale Power
This email address is being protected from spambots. You need JavaScript enabled to view it.
(C) (503)-270-9329

DUBLIN--(BUSINESS WIRE)--The "Yacht Charter Agencies Report & Database Europe 2021 - Expert Checked Yacht Charter Agencies" report has been added to ResearchAndMarkets.com's offering.


This yacht charter market report is quite unique, and goes far beyond the usual market reports in this industry.

First of all, it has been prepared by actual industry experts for yacht charters, meaning that the deep insider know-how has been in-built.

Secondly, the report contents go much further than the usual standardized listing of plain numbers. Each section of the report is thoroughly explained within the context of the actual industry and its common practices.

Therefore, the readers can gain quantitative and qualitative understanding of the yacht charter industry, including the market structure, specificities and dynamics.

As such, this report is a must-have for anyone who is considering entering the yacht charter industry and/or pursuing further developments in it. Indeed, both newcomers and existing players can benefit immensely from the findings of this unique research.

Thirdly, this market report contains actual primary data from a large international research of yacht charter agencies, as well as an extensive content analysis performed on a population of over 970 yacht charter agencies, from which agencies based in Europe were extracted and thoroughly analyzed.

WHAT ARE THE KEY INSIGHTS OF THIS REPORT?

  • This report, after presenting the methodology, begins with an industry overview section, which particularly includes an explanation of the major participants in the yacht charter market - i.e. the three distinct kinds of companies which dynamically interact in order for the yacht charter market to function. From this section, the role of yacht charter agencies is clearly outlined.
  • The next part of that section deals with market concentration and specialization in the yacht charter industry. Survey findings on both of these topics have been presented, along with the relevant conclusions.
  • After this, the structure of the yacht charter agencies database has been thoroughly presented and explained, along with all relevant fields and tags.
  • Next, the total numbers and key characteristics of yacht charter agencies worldwide have been presented. In this section, the report shows details of various services provided, primary agency shares, online presence status, prevalence of special business models, and of course, the shares of luxury yacht charter agencies.
  • The report then goes on to analyze the actual geographical distribution of yacht charter agencies, describing the specific developments in the analyzed region of Europe. Regional characteristics are specifically emphasized and explained.
  • When it comes to Europe as a region the important statistical information is presented in the relevant tables and graphs, along with the textual explanation of the key developments and further possibilities.
  • This is followed by a detailed agency breakdown for each country. Here the report dives deep into the yacht charter agencies landscape of each country. The actual list of yacht charter agencies (including their names, types, various tags including the services provided, and of course contacts) has been presented.
  • After the list, there is an explanation of specific characteristics of yacht charter agencies in the particular country, based on the data from the table as well as from our other research findings which complement the findings in a qualitative manner.
  • Furthermore, in some of the countries additional yacht charter brands have been identified. These are also listed in separate sections and their types have been explained, so as to gain an additional view on the yacht charter agencies landscape.
  • Towards the end of the report, there is an explanation of the regional development scenarios when it comes to yacht charter agencies, which are particularly useful for contemplating the possible development directions in the nascent markets. Two distinct possible modes of development have been explained.
  • Finally, the report is finishing with an overview of possible future business trends and developments of yacht charter agencies.

Key Topics Covered:

1. Executive Summary

2. Introduction

3. Research Scope and Methods

4. The Yacht Charter Market

  • Yachts and Yacht Charter
  • Yacht Charter Market Participants
  • Fleet Operators
  • Charter Agencies
  • Specialization of Yacht Charter Agencies
  • Central Booking Systems
  • Market Concentration

5. How to Interpret the Agencies Database

  • The Structure of Excel Database
  • The Structure of the Main Database Sheet
  • The Countries of Yacht Charter Agencies
  • The Names of Yacht Charter Agencies
  • The E-Mail Addresses of Yacht Charter Agencies
  • The Primary Yacht Charter Agency Field
  • Other Services Fields
  • Special Business Models Fields
  • The Luxury Only Field
  • The Additional Yacht Charter Brands Section

6. Global Distribution of Yacht Charter Agencies

  • Number of Yacht Charter Agencies Per Region
  • Drivers for Yacht Charter Agencies Development
  • Further Insights on Yacht Charter Agencies Locations
  • Characteristics of Analyzed Yacht Charter Agencies
  • Share of Primary Yacht Charter Agencies Worldwide
  • Share of Yacht Charter Agencies Offering More Services
  • Share of Yacht Charter Agencies With Particular Website Status
  • Share of Yacht Charter Agencies With Special Models
  • Share of Luxury Yacht Charter Agencies Worldwide

7. Yacht Charter Agencies in Europe

  • Number of Yacht Charter Agencies in Europe
  • Top European Countries With Yacht Charter Agencies
  • Characteristics of Yacht Charter Agencies in Europe
  • Primary Yacht Charter Agencies in Europe
  • Additional Services of European Yacht Charter Agencies
  • European Yacht Charter Agencies With Special Models
  • Luxury Yacht Charter Agencies in Europe
  • Main Websites of Yacht Charter Agencies in Europe
  • Additional Websites of Yacht Charter Agencies in Europe

8. Yacht Charter Agencies in Europe - by Country

9. Regional Development Scenarios

  • Destination Driven Scenario
  • Clients Driven Scenario

10. Expected Development Trends of Yacht Charter Agencies

Companies Mentioned

  • Boatbureau
  • Burgess
  • Camper & Nicolsons
  • Click&Boat
  • Cosmos Yachting
  • Engel & Volkers
  • Filovent
  • Globesailor
  • Sailogy
  • Yotha
  • Zizooboats

For more information about this report visit https://www.researchandmarkets.com/r/thf9ye


Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.

For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

Establishes Halliburton Business and Engineering Scholarship Fund

HOUSTON--(BUSINESS WIRE)--Halliburton (NYSE: HAL) today announced the establishment of a new $1 million Halliburton Business and Engineering Scholarship Fund at Prairie View A&M University (PVAMU). Scholarships will be awarded to eligible junior and/or senior students majoring in Accounting, Management Information Systems, Finance and Engineering.


This fund is an opportunity for Halliburton to support Prairie View A&M and deepen our diversity and inclusion mission while building our pipeline of future talent,” said Halliburton Chairman, President & CEO Jeff Miller. “We are excited to support PVAMU and the outstanding students in the College of Business and College of Engineering, as well as building on our historical success with the Texas A&M university system.”

We are grateful for Halliburton’s commitment to the success of our engineering and business students. Their provision of scholarships, mentoring and internships for Halliburton Scholars will enhance greatly these students’ prospects for successful careers,” said Prairie View A&M University President Ruth J. Simmons.

Halliburton Business and Engineering Scholarship Fund criteria is on the PVAMU website. Students interested in applying can do so through March 15, 2021.

About Halliburton

Founded in 1919, Halliburton is one of the world's largest providers of products and services to the energy industry. With approximately 40,000 employees, representing 140 nationalities in more than 80 countries, the Company helps its customers maximize value throughout the lifecycle of the reservoir – from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the asset. Visit the Company’s website at www.halliburton.com. Connect with Halliburton on Facebook, Twitter, LinkedIn, Instagram and YouTube.

About Prairie View A&M University

Designated an institution of “the first class” in the Texas Constitution, Prairie View A&M University is the second-oldest public institution of higher education in the state. With an established reputation for producing engineers, nurses, and educators, PVAMU offers baccalaureate degrees, master’s degrees, and doctoral degree programs through nine colleges and schools. A member of The Texas A&M University System, the university is dedicated to fulfilling its land-grant mission of achieving excellence in teaching, research, and service. For more information regarding PVAMU, visit www.pvamu.edu.


Contacts

For Halliburton

Investors:
Abu Zeya
Halliburton, Investor Relations
This email address is being protected from spambots. You need JavaScript enabled to view it.
281-871-2633

Media:
Emily Mir
Halliburton, Public Relations
This email address is being protected from spambots. You need JavaScript enabled to view it.
281-871-2601

For Prairie View

PVAMU Media Relations:
Candace Johnson
PVAMU, Marketing Communications
This email address is being protected from spambots. You need JavaScript enabled to view it.
936-261-1560

DUBLIN--(BUSINESS WIRE)--The "Yacht Charter Agencies Report & Database 2021 - Expert Checked Yacht Charter Agencies Worldwide" report has been added to ResearchAndMarkets.com's offering.


This yacht charter market report is quite unique, and goes far beyond the usual market reports in this industry.

First of all, it has been prepared by actual industry experts for yacht charters, meaning that the deep insider know-how has been in-built.

Secondly, the report contents go much further than the usual standardized listing of plain numbers. Each section of the report is thoroughly explained within the context of the actual industry and its common practices.

Therefore, the readers can gain quantitative and qualitative understanding of the yacht charter industry, including the market structure, specificities and dynamics.

As such, this report is a must-have for anyone who is considering entering the yacht charter industry and/or pursuing further developments in it. Indeed, both newcomers and existing players can benefit immensely from the findings of this unique research.

Thirdly, this market report contains actual primary data from a large international research of yacht charter agencies, as well as an extensive content analysis performed on a population of over 970 yacht charter agencies.

WHAT ARE THE KEY INSIGHTS OF THIS REPORT?

This report, after presenting the methodology, begins with an industry overview section, which particularly includes an explanation of the major participants in the yacht charter market - i.e. the three distinct kinds of companies which dynamically interact in order for the yacht charter market to function. From this section, the role of yacht charter agencies is clearly outlined.

The next part of that section deals with market concentration and specialization in the yacht charter industry. Survey findings on both of these topics have been presented, along with the relevant conclusions.

After this, the structure of the yacht charter agencies database has been thoroughly presented and explained, along with all relevant fields and tags.

Next, the total numbers and key characteristics of yacht charter agencies worldwide have been presented. In this section, the report shows details of various services provided, primary agency shares, online presence status, prevalence of special business models, and of course, the shares of luxury yacht charter agencies.

The report then goes on to analyze the actual geographical distribution of yacht charter agencies, describing the specific developments in each major region. Regional characteristics are specifically emphasized and explained.

When it comes to the regions, or continents, the important statistical information is presented in the relevant tables and graphs, along with the textual explanation of the key developments and further possibilities.

This is followed by a detailed agency breakdown for each country. Here the report dives deep into the yacht charter agencies landscape of each country. The actual list of yacht charter agencies (including their names, types, various tags including the services provided, and of course contacts) has been presented.

After the list, there is an explanation of specific characteristics of yacht charter agencies in the particular country, based on the data from the table as well as from our other research findings which complement the findings in a qualitative manner.

Furthermore, in some of the countries additional yacht charter brands have been identified. These are also listed in separate sections and their types have been explained, so as to gain an additional view on the yacht charter agencies landscape.

Towards the end of the report, there is an explanation of the regional development scenarios when it comes to yacht charter agencies, which are particularly useful for contemplating the possible development directions in the nascent markets. Two distinct possible modes of development have been explained.

A special part of the report is dedicated to understanding of the Covid-19 impacts on yacht charter agencies, which have been dramatic in the charter season 2020 and will unquestionably be substantial in the season 2021 as well, but in a different way. This chapter includes, among other information, also the actual statements and opinions of the relevant market participants.

Finally, the report is finishing with an overview of possible future business trends and developments of yacht charter agencies.

Companies Mentioned

  • Sailogy
  • Zizooboats
  • Click&Boat
  • Globesailor
  • Camper & Nicolsons
  • Burgess
  • Yotha
  • GetMyBoat
  • Boatsetter
  • Sailo
  • Moran
  • Northop & Johnson
  • Yachtlife
  • Martello Yachting
  • SeaSun Charter
  • Asia Marine
  • Fraser
  • Charterworld

For more information about this report visit https://www.researchandmarkets.com/r/rw2w27


Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.

For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

IoT Breakthrough Award Recognizes Electro Scan's Water & Sewer Leak Detection Solution Over Traditional Acoustic, CCTV, Helium Tracers, Satellite & Drone Alternatives



SACRAMENTO, Calif.--(BUSINESS WIRE)--#ASTMF2550--Electro Scan Inc., the world's leading provider of machine-intelligent leak detection technology announced its recognition as the “Leak Detection Solution of the Year” for 2021 by IoT Breakthrough, the leading business market intelligence organization serving the Internet-of-Things (IoT) market.

The Company's breakthrough technology allows utilities to 'STOP' listening for leaks and 'START' using machine-intelligent sensors to measure the size of holes in pressurized and gravity pipelines.

“The introduction of Electro Scan Inc.'s Multi-Sensor IoT Internal Pipe Leak Detection Probe represents a significant breakthrough for the global leak detection industry,“ said James Johnson, Managing Director at IoT Breakthrough.

Electro Scan introduces the unprecedented ability to locate pipe leaks with 1cm (3/8 inch) accuracy.

The company’s technology is also the first to measure leaks in Gallons per Minute or Liters per Second.

Precise leak locations and quantification represents the 'holy grail' for the water industry that has never before been accomplished by other commercial suppliers.

Electro Scan's unique technology and real-time IoT data delivery were key factors in its recognition over other techniques.

"For way too long, the global leak detection market has been stuck trying to locate – much less measure – leaks that can't be heard using acoustic sensors or seen using high resolution cameras," stated Chuck Hansen, CEO, Electro Scan Inc.

As experts acknowledged limitations of current solutions, Hansen learned of acoustic devices that attempted to assess the presence of leaks from inside a pipe; often allowing severe leaks to go undetected.

In some cases, catastrophic failures occurred after internal inspections had issued a clean bill-of-health on pipes with 'NO LEAKS.' In others, untethered acoustic balls were often lost, sometimes causing equipment damage.

When water pools around a leak, an insulation condition is established that can suppress leak noises from inside the pipe, making them difficult or impossible to hear or see.

The American Society of Civil Engineers (ASCE) estimates that over 240,000 water line breaks occur each year in the U.S. alone.

According to Frost & Sullivan, the Global Smart Water and Wastewater Leak Detection Solutions Market was valued at $1.23 billion in 2020 and expected to reach almost $2 billion by 2026.

Analysts forecast acoustic and visual-based technologies will lose market share to multi-sensor smart probes during the forecast period.

Electro Scan's 2020 first place finish at the UK's Water Dragons Competition was an additional factor in judging it as IoT Breakthrough's 'Leak Detection Solution of the Year.’

Electro Scan's cloud application will be deployed soon in Arabic, Chinese, and Hindi languages to support growing adoption by international water utilities.

ABOUT IoT BREAKTHROUGH AWARDS

The mission of the IoT Breakthrough Awards program is to recognize the technology innovators, leaders, and visionaries in a range of IoT categories, including Smart City, Connected Home, Connected Car, and many more. This year’s program attracted more than 3,850 nominations.

ABOUT ELECTRO SCAN INC.

Founded in 2011, the company designs machine-intelligent leak detection products that help locate leaks in pressurized water and gravity wastewater pipes & force mains. By pinpointing leaks, the company can quantify sources of Non-Revenue Water and certify new pipe installations and rehabilitation as watertight. Headquartered in Sacramento, California, the company sells equipment to utilities supported by a Software-as-a Service (SaaS) cloud and licenses its solutions to contractors on a Technology-as-a-Service (TaaS) basis, worldwide.


Contacts

Carissa Boudwin
Vice President, Marketing
+1 916-779-0660
This email address is being protected from spambots. You need JavaScript enabled to view it.

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