LONDON--(BUSINESS WIRE)--#DieselFuelMarket--The diesel fuel market is poised to grow by $ 92.15 bn during 2020-2024, progressing at a CAGR of over 1% during the forecast period. Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Download Free Sample Report on COVID-19 Recovery Analysis

The report on the diesel fuel market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis.

The report offers an up-to-date analysis regarding the current global market scenario and the overall market environment. The market is driven by increasing oil and gas E&P investments.

The diesel fuel market analysis includes end-user segment and geography landscape. This study identifies the increasing adoption of hybrid power systems as one of the prime reasons driving the diesel fuel market growth during the next few years.

This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.

The diesel fuel market covers the following areas:

Diesel Fuel Market Sizing

Diesel Fuel Market Forecast

Diesel Fuel Market Analysis

Companies Mentioned

• BP Plc
• Chevron Corp
• Exxon Mobil Corp.
• PetroChina Co. Ltd.
• Qatar Petroleum
• Reliance Industries Ltd.
• Rosneft Oil Co.
• Royal Dutch Shell Plc
• Saudi Arabian Oil Co.
• SK Energy Co. Ltd. 

Key Topics Covered:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

• Preface
• Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

• Market ecosystem
• Market characteristics
• Value chain analysis
• Market segmentation analysis

PART 04: MARKET SIZING

• Market definition
• Market sizing 2019
• Market outlook
• Market size and forecast 2019-2024

PART 05: FIVE FORCES ANALYSIS

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

PART 06: MARKET SEGMENTATION BY END-USER

• Market segmentation by end-user
• Comparison by end-user
• Transportation - Market size and forecast 2019-2024
• Industrial - Market size and forecast 2019-2024
• Others - Market size and forecast 2019-2024
• Market opportunity by end-user

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2019-2024
• North America - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

• Market drivers
• Market challenges

PART 11: MARKET TRENDS

• Increasing adoption of hybrid power systems
• Growing adoption of bio-based and clean fuels
• Increasing adoption of modular mini refineries

PART 12: VENDOR LANDSCAPE

• Overview
• Landscape disruption
• Competitive scenario

PART 13: VENDOR ANALYSIS

• Vendors covered
• Vendor classification
• Market positioning of vendors
• BP Plc
• Chevron Corp.
• Exxon Mobil Corp.
• PetroChina Co. Ltd.
• Qatar Petroleum
• Reliance Industries Ltd.
• Rosneft Oil Co.
• Royal Dutch Shell Plc
• Saudi Arabian Oil Co.
• SK Energy Co. Ltd.

PART 14: APPENDIX

• Research methodology
• List of abbreviations
• Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
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Website: www.technavio.com/

Virtual Meetings to be Held on Wednesday, November 18

BURLINGTON, Vt.--(BUSINESS WIRE)--The Peck Company Holdings, Inc. (NASDAQ: PECK) (the “Company” or “Peck”), a leading commercial solar engineering, procurement and construction (EPC) company, today announced that Jeff Peck, Chief Executive Officer, John Sullivan, Chief Financial Officer, and Michael D’Amato, Chief Strategy Officer, will participate at Benchmark Company’s 9^th Annual Discovery 1x1 Investor Conference. The virtual event will take place on Wednesday, November 1 8, 2020 with virtual 1x1 investor meetings throughout the day.

To schedule a meeting with management, please contact your Benchmark Company representative or Vince Curatola at This email address is being protected from spambots. You need JavaScript enabled to view it. or This email address is being protected from spambots. You need JavaScript enabled to view it..

About Benchmark Company

Benchmark Company is an institutionally focused research, sales & trading and investment banking firm working to set the benchmark in promoting each client’s success.

For additional information, please visit https://www.benchmarkcompany.com.

About The Peck Company Holdings, Inc.

Headquartered in South Burlington, VT, The Peck Company Holdings, Inc. is a 2nd-generation family business founded in 1972 and rooted in values that align people, purpose, and profitability. Ranked by Solar Power World as one of the leading commercial solar contractors in the Northeastern United States, the Company provides EPC services to solar energy customers for projects ranging in size from several kilowatts for residential properties to multi-megawatt systems for large commercial and utility scale projects. The Company has installed over 125 megawatts worth of solar systems since it started installing solar in 2012 and continues its focus on profitable growth opportunities. Please visit www.peckcompany.com for additional information.

Forward Looking Statements

This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as "may," "should," "expects," "could," "intends," "plans," "anticipates," "estimates," "believes," "forecasts," "predicts" or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, effective tax rate, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition.

The forward-looking statements included in this press release are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the risk factors described from time to time in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K.

All forward-looking statements included in this press release are based on information currently available to us, and we assume no obligation to update any forward-looking statement except as may be required by law.

Michael d’Amato
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p802-264-2040

ClearThink
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HOUSTON--(BUSINESS WIRE)--ECA MARCELLUS TRUST I (OTC Pink: ECTM) announced today that there will be no distribution paid for the quarter ended September 30, 2020 to holders of record as of the close of business on November 23, 2020, as Trust expenses and withholding of funds for the Trust’s cash reserve equaled net revenues to the Trust for the quarter.

As previously disclosed, commencing with the distribution to unitholders paid in the first quarter of 2019, the Trustee has withheld, and in the future intends to withhold, the greater of $90,000 or 10% of the funds otherwise available for distribution each quarter to gradually build a cash reserve of approximately $1,800,000. This cash is reserved to pay or provide for the payment of future known, anticipated or contingent expenses or liabilities of the Trust. The Trustee may increase or decrease the targeted amount at any time, and may increase or decrease the rate at which it is withholding funds to build the cash reserve at any time, without advance notice to the unitholders. Cash held in reserve will be invested as required by the trust agreement. Any cash reserved in excess of the amount necessary to pay or provide for the payment of future known, anticipated or contingent expenses or liabilities of the Trust eventually will be distributed to unitholders, together with interest earned on the funds. The Trustee has elected to withhold approximately $215,000 from funds otherwise available for distribution this quarter, as the Trustee had been unable to withhold sufficient funds toward the building of its targeted cash reserve over the last two quarters because Trust expenses exceeded net revenues to the Trust for each of the quarters ended March 31, 2020 and June 30, 2020.

The Trust was formed to own royalty interests in natural gas properties now held by Greylock Energy LLC, and certain of its wholly owned subsidiaries (“Greylock”) in the Marcellus Shale formation in Greene County, Pennsylvania. The Trust is entitled to receive certain amounts of the proceeds attributable to Greylock’s interest in the sale of production from the properties. As described in the Trust's filings, the amount of the quarterly distributions is expected to fluctuate from quarter to quarter, depending on the proceeds received by the Trust as a result of production and natural gas prices and the amount of the Trust's administrative expenses, among other factors. The amount of proceeds received or expected to be received by the Trust (and its ability to pay distributions) has been and will continue to be directly affected by the volatility in commodity prices, which have declined since the beginning of 2020 primarily attributable to the economic effects of the COVID-19 pandemic and could remain low for an extended period of time. Continued low natural gas prices will reduce proceeds to which the Trust is entitled, which will reduce the amount of cash available for distribution to unitholders and in certain periods could result in no distributions to unitholders.

Pursuant to IRC Section 1446, withholding tax on income effectively connected to a United States trade or business allocated to non-U.S. persons (“ECI”) should be made at the highest marginal rate. Under Section 1441, withholding tax on fixed, determinable, annual, periodic income from United States sources allocated to non-U.S. persons should be made at 30% of gross income unless the rate is reduced by treaty. This release is intended to be a qualified notice to nominees and brokers as provided for under Treasury Regulation Section 1.1446-4(b) by ECA Marcellus Trust I, and while specific relief is not specified for Section 1441 income, this disclosure is intended to suffice. For distributions made to non-U.S. persons, nominees and brokers should withhold at the highest effective tax rate.

This press release contains statements that are "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. All statements contained in this press release, other than statements of historical facts, are "forward-looking statements" for purposes of these provisions. These forward-looking statements include the amount and date of any anticipated distribution to unit holders. The anticipated distribution is based, in part, on the amount of cash received or expected to be received by the Trust from Greylock with respect to the relevant quarterly period. Any differences in actual cash receipts by the Trust could affect this distributable amount. Other important factors that could cause actual results to differ materially include expenses of the Trust and reserves for anticipated future expenses and the effect, impact, potential duration or other implications of the COVID-19 pandemic. Statements made in this press release are qualified by the cautionary statements made in this press release. Neither Greylock nor the Trustee intends, and neither assumes any obligation, to update any of the statements included in this press release. An investment in Common Units issued by ECA Marcellus Trust I is subject to the risks described in the Trust's Annual Report on Form 10-K for the year ended December 31, 2019, and all of its other filings with the Securities and Exchange Commission. The Trust's annual, quarterly and other filed reports are or will be available over the Internet at the SEC's web site at http://www.sec.gov.

ECA Marcellus Trust I
The Bank of New York Mellon Trust Company, N.A., as Trustee
Sarah Newell
1(512) 236-6555

VAN NUYS, Calif.--(BUSINESS WIRE)--Trio-Tech International (NYSE MKT: TRT) today announced financial results for the first quarter of fiscal 2021 ended September 30, 2020.

Total revenue for the three months ended September 30, 2020 decreased 30% to $6,841,000. This compares to total revenue of $9,823,000 for the first quarter of fiscal 2020. Revenue in each of the Company’s operating segments — manufacturing, testing services, and distribution — decreased in this year’s first quarter versus the same period of last fiscal year, primarily reflecting the impact of the global Covid-19 pandemic.

Overall gross margin decreased to $1,518,000, or 22% of revenue, compared to $2,252,000, or 23% of revenue, for the first quarter last fiscal year.

Operating expenses for the first quarter of fiscal 2021 decreased 9% to $1,845,000, or 27% of revenue, compared to $2,030,000, or 21% of revenue, for the first quarter of fiscal 2020.

The operating loss for this year’s first quarter was $327,000. This compares to operating income of $222,000 for the same quarter a year ago.

Total other income was $174,000 for the first quarter of fiscal 2021 compared to $42,000 for the same quarter last year. Other income for this year’s first quarter included government assistance of $142,000 for Trio-Tech’s Singapore and Malaysia operations to mitigate the adverse impact on the business from the pandemic. There was no such assistance in the same quarter last year.

The net loss for the first quarter of fiscal 2021 was $8,000, or $0.00 per share. This compares to net income for the first quarter of fiscal 2020 of $273,000, or $0.07 per diluted share.

Shareholders' equity at September 30, 2020 was $25,538,000, or $6.93 per outstanding share, compared to $25,146,000, or $6.84 per outstanding share, at June 30, 2020. There were approximately 3,685,555 and 3,673,055 common shares outstanding at September 30, 2020 and June 30, 2020, respectively.

CEO Comments

S.W. Yong, Trio-Tech's CEO, said, "The global Covid-19 pandemic had a dramatic impact on Trio-Tech’s first quarter performance. While we posted a small net loss in this difficult operating environment, our significant accomplishments include improvements in gross margins in the manufacturing and distribution segments and positive cash flow for the quarter. As the pandemic has yet to run its course, we will continue to adjust operating expenses wherever possible to insure Trio-Tech’s future success.”

About Trio‑Tech

Established in 1958, Trio-Tech International is located in Van Nuys, California, with its Principal Executive Office and regional headquarter in Singapore. Trio-Tech International is a diversified business group with interests in semiconductor testing services, manufacturing and distribution of semiconductor testing equipment, and real estate. Our subsidiary locations include Tianjin, Suzhou, Chongqing in China, as well as Kuala Lumpur Malaysia and Bangkok Thailand. Further information about Trio-Tech's semiconductor products and services can be obtained from the Company's Web site at www.triotech.com and www.universalfareast.com.

Forward Looking Statements

This press release contains statements that are forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and 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, and assumptions regarding future activities and results of operations of the Company. In light of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, the following factors, among others, could cause actual results to differ materially from those reflected in any forward looking statements made by or on behalf of the Company: market acceptance of Company products and services; changing business conditions or technologies and volatility in the semiconductor industry, which could affect demand for the Company's products and services; the impact of competition; problems with technology; product development schedules; delivery schedules; changes in military or commercial testing specifications which could affect the market for the Company's products and services; difficulties in profitably integrating acquired businesses, if any, into the Company; risks associated with conducting business internationally and especially in Asia, including currency fluctuations and devaluation, currency restrictions, local laws and restrictions and possible social, political and economic instability; changes in U.S. and global financial and equity markets, including market disruptions and significant interest rate fluctuations; public health issues related to the COVID-19 pandemic; and other economic, financial and regulatory factors beyond the Company's control. Other than statements of historical fact, all statements made in this Quarterly Report are forward looking, including, but not limited to, statements regarding industry prospects, future results of operations or financial position, and statements of our intent, belief and current expectations about our strategic direction, prospective and future financial results and condition. In some cases, you can identify forward looking statements by the use of terminology such as "may," "will," "expects," "plans," "anticipates," "estimates," "potential," "believes," "can impact," "continue," or the negative thereof or other comparable terminology. Forward looking statements involve risks and uncertainties that are inherently difficult to predict, which could cause actual outcomes and results to differ materially from our expectations, forecasts and assumptions.

Company Contact:
A. Charles Wilson
Chairman
(818) 787-7000

Investor Contact:
Berkman Associates
(310) 927-3108
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AUSTIN, Texas--(BUSINESS WIRE)--USA Compression Partners, LP (NYSE: USAC) (“USA Compression”) today announced that its senior management will participate in the 2020 RBC Capital Markets Midstream and Energy Infrastructure Virtual Conference. Senior management expects to participate in a series of virtual meetings with members of the investment community on November 18 and 19, and presentation materials used during these meetings will be posted to USA Compression’s website prior to the investor meetings. Please visit the Investor Relations section of the website at usacompression.com under “Presentations.”

About USA Compression Partners, LP

USA Compression Partners, LP is a growth-oriented Delaware limited partnership that is one of the nation’s largest independent providers of natural gas compression services in terms of total compression fleet horsepower. USA Compression partners with a broad customer base composed of producers, processors, gatherers and transporters of natural gas and crude oil. USA Compression focuses on providing natural gas compression services to infrastructure applications primarily in high-volume gathering systems, processing facilities and transportation applications. More information is available at usacompression.com.

USA Compression Partners, LP
Matthew Liuzzi, CFO
(512) 369-1624
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DUBLIN--(BUSINESS WIRE)--The "Pipeline Safety Market by Component (Solutions (Pipeline Monitoring System, Secure Communication, Perimeter Intrusion Detection, SCADA for Pipelines, and ICS Security) and Services), Application, Vertical, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The Global Pipeline Safety Market Size is Expected to Grow from USD 7.9 Billion in 2020 to USD 12.2 Billion by 2025, at a Compound Annual Growth Rate (CAGR) of 9.2% during the Forecast Period.

Pipeline safety is a single system that detects smaller leaks or damages securely and more reliably. It simultaneously monitors for third-party interference and other external pipeline threats to prevent leaks altogether. Pipeline safety solutions are used mainly to assist and improve control over assets and regulate the process in localizing leaks and enhancing productivity, which is expected to drive the pipeline safety market's adoption. The report's objective is to define, describe, and forecast the pipeline safety market size based on component, application, vertical, and region.

The emergence of Industrial Internet of Things (IIoT) is expected to provide substantial growth opportunities to the pipeline safety market during the forecast period, as IIoT enhances the operational efficiency of the pipeline network and reduces costs related to the transportation and maintenance of gas/liquid. A digital transformation of the oil and gas industry is expected to provide growth opportunities for the adoption of pipeline safety solutions in this industry for effectively managing pipeline operations.

The oil and gas pipelines sector have been impacted due to a weak demand and low oil and gas prices as a result of COVID-19. While the worsening financial situation is resulting in a delay of upcoming pipeline projects, measures to curb the spread of pandemic has impacted operations of existing pipelines.

While pipeline and piping systems remain in operation throughout the current COVID-19 pandemic, understandably some repair and maintenance scopes have been delayed. When normal operations resume, it will be even more essential to plan effectively with early engagement from the supply chain and ensure the use of the safest and most efficient tools on the market.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

4.1 Attractive Opportunities in Pipeline Safety Market

4.2 Market: Top Three Solutions

4.3 Market, by Region

4.4 Market, by Application and Top Two Verticals

5 Market Overview and Industry Trends

5.1 Introduction

5.2 Pipeline Safety: Evolution

5.3 Ecosystem

5.4 Market Dynamics

5.4.1 Drivers

5.4.1.1 Improved Spending by Majority of Oil and Gas Companies for Pipeline Infrastructure, Network Monitoring, and Leak Detection

5.4.1.2 Rise in Number of Oil and Gas Leakage Incidences/Accidents

5.4.2 Restraints

5.4.2.1 Lack of Apprehensions Related to Monitoring System Implementation by Operators

5.4.2.2 Cost of Monitoring Systems for Oil and Gas Pipelines Varies with Technology

5.4.3 Opportunities

5.4.3.1 COVID-19 Pandemic Increases Need for Remote Monitoring and Management of Assets and Business Processes

5.4.4 Challenges

5.4.4.1 Severe Climatic Conditions and Lack of Funds Hampering the Development of Aging Infrastructure

5.4.4.2 Multi-Site Facilities Pose a Challenge for Implementing a Comprehensive Monitoring System

5.4.5 Cumulative Growth Analysis

5.5 Pipeline Safety Market: COVID-19 Impact

5.6 Case Study Analysis

5.6.1 Central Asia-China Gas Pipeline Used Huawei Solution for Supervising World's Longest Smart Pipeline

5.6.2 Huawei Selected Honeywell for Shortening Delivery Time of Central Asia Gas Pipeline Project

5.6.3 Global 500 Energy & Utilities Company Used Aveva Leak Detection Solutions to Improve Regulatory Compliance

5.6.4 An Energy and Utilities Company Used Aveva Simsuite Pipeline Operator Trainer Simulator to Improve Safety and Reduce Risk

5.6.5 Ocp Ecuador S.A. Used Schneider Electric Solution to Improve Pipeline Efficiency and Safety

5.6.6 Increase Reliability of Pipeline Networks and Improve Cost-Efficiency Using Syrinix Pipeminder Solutions

5.6.7 Nysearch Used Fft Secure Pipe System for Reliable and Accurate Pipeline Location Data to Reduce Third-Party Damage

5.6.8 Senstar's Fiberpatrol Fiber Optic Intrusion Detection Sensor Was Used to Secure a Site from Intrusion

5.7 Patent Analysis

5.7.1 Patents Filed: Pipeline Safety, by Solution and Application, 2017-2020

5.8 Value Chain Analysis

5.9 Technology Analysis

5.9.1 GIS and Planning Pipeline Routes

5.9.2 Acoustic Detection

5.9.3 Infrared Thermal Detection

5.9.4 Orfeus Technology

5.9.5 Spar 300 Technology

5.9.6 Magnetic Flux Leakage

5.9.7 Eddy Current Testing

5.9.8 Ultrasonic Testing

5.9.9 In-Line Inspection of Pipelines

5.10 Pipeline Safety, Research Areas for Technology Implementation

6 Pipeline Safety Market, by Component

6.1 Introduction

6.1.1 Components: COVID-19 Impact

6.1.2 Components: Market Drivers

6.2 Solutions

6.2.1 Perimeter Intrusion Detection

6.2.2 Secure Communication

6.2.3 Scada for Pipelines

6.2.4 Pipeline Monitoring System

6.2.5 Industrial Control System Security

6.3 Services

6.3.1 Professional Services

6.3.2 Pipeline Integrity Management

7 Pipeline Safety Market, by Application

7.1 Introduction

7.2 Onshore

7.3 Offshore

8 Pipeline Safety Market, by Vertical

8.1 Introduction

8.2 Natural Gas

8.3 Crude Oil

8.4 Refined Products

8.5 Other Verticals

9 Pipeline Safety Market, by Region

10 Competitive Landscape

10.1 Overview

10.2 Market Evaluation Framework

10.3 Market Share, 2020

10.4 Historic Revenue Analysis of Key Market Players

10.5 Key Market Developments

10.6 Company Evaluation Matrix Definitions and Methodology

10.7 Company Evaluation Matrix, 2020

10.8 Startup/SME Evaluation Matrix, 2020

11 Company Profiles

11.1 Introduction

11.2 ABB

11.3 Siemens Ag

11.4 Schneider Electric

11.5 Baker Hughes

11.6 Honeywell

11.7 Huawei

11.8 Aveva

11.9 PSI Ag

11.10 BAE Systems

11.11 Transcanada

11.12 Atmos International

11.13 Clampon As

11.14 Future Fibre Technologies

11.15 Perma-Pipe

11.16 Senstar

11.17 Syrinix

11.18 Radiobarrier

11.19 Pure Technologies

11.20 C-Fer Technologies

11.21 Total Safety

11.22 Krohne Group

11.23 Plm Cat

11.24 Leater

11.25 TTK

11.26 Startup/SME Profiles

11.26.1 Novosound

11.26.2 Liveeo

11.26.3 Detect Technologies

11.26.4 Miqrotech

11.26.5 Dashboard Limited

11.26.6 Planys Technologies

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

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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PORTLAND, Ore.--(BUSINESS WIRE)--NuScale Power extends sincere congratulations to Ontario Power Generation (OPG) and the Government of Ontario for today’s leadership and commitment to resume planning activities for future nuclear power generation development at the Darlington site and for the integration of Small Modular Reactors (SMRs) as part of Ontario’s clean energy future.

Today’s important announcement builds upon the historic 50-year legacy of nuclear energy in the Durham Region and ensures nuclear power remains a cornerstone of Ontario’s energy supply mix for many decades to come. This is excellent news for the Durham Region and the Province, as it looks to further leverage its well-established and renowned nuclear expertise, skilled workforce, and robust supply chain that spans Ontario to continue to benefit all Ontarians.

Ontario and Canada’s commitment to SMR development and advancing the technology’s myriad applications is commendable. NuScale feels strongly that our proven and U.S. Nuclear Regulatory Commission (NRC) approved, recognized, and reliable technology is well-suited to deliver the appropriate SMR product for Ontario’s electricity customers – on-time and on-budget.

Just this week, NuScale announced that, through further value engineering efforts using advanced testing and modeling tools, the NuScale Power Module™ - the heart of NuScale’s industry leading SMR technology - can generate 25 percent more power per module, and that new options for smaller power plant solutions in four-module (about 308 MWe) and six-module (about 462 MWe) sizes are both practical and economic.

These scaled power plant configurations are exceptional fits for OPG’s SMR objectives announced today at Darlington, and we very much look forward to presenting a comprehensive business case to OPG for their consideration and evaluation. NuScale is proud to work with OPG through their participation on NuScale’s Advisory Board, and by way of their advice and counsel to NuScale regarding the Canadian nuclear regulatory regime, by way of our mutual Memorandum of Understanding (MOU) established in 2018.

Again, NuScale commends and welcomes the strong commitment to SMR development as demonstrated by Ontario and OPG today, and we look forward to continuing our constructive work with them to support this important objective.

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 ground-breaking 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—a power plant can house up to 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.

Diane Hughes, Vice President, Marketing & Communications, NuScale Power
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(C) (503)-270-9329

EUGENE, Ore.--(BUSINESS WIRE)--$FUV #FUV--Arcimoto, Inc.® (NASDAQ: FUV), makers of the Fun Utility Vehicle® (FUV®), Rapid Responder™, and Deliverator™—affordable, practical, and joyful pure electric vehicles for everyday commuters and fleets—today announced that it will be presenting at the Virtual Fall Investor Summit on Wednesday, November 18 at 1:00 p.m. EST.

Mark Frohnmayer, Chief Executive Officer of Arcimoto, will present virtually to an online audience and will also be available for one-on-one meetings with investors. A webcast of Arcimoto’s presentation will be available to the public at https://www.webcaster4.com/Webcast/Page/2038/38418.

Recent Company highlights include:

• Partnered with DHL to provide nationwide home delivery of the FUV

• Resumed production and delivery of Fun Utility Vehicles after suspending production in March due to pandemic.

• Introduced the Roadster, the newest concept prototype built on the three-wheel Arcimoto platform.

• Teamed up with the Baltimore-Maryland 2026 World Cup Host Committee in order to promote Baltimore as a host city for the upcoming 2026 FIFA World Cup

• Started Deliverator pilot program with Wahlburgers Key West

About the Virtual Fall Investor Summit

On November 16-18, Investor Summit Virtual will convene 500 attendees, 75 issuers, 30 buy-side speakers, 3 Nights of entertainment and networking in virtual lounges, and 1 stock pitch competition covering the best investment opportunities in the market.

About Arcimoto, Inc.

Arcimoto (NASDAQ: FUV) develops and manufactures ultra-efficient and affordable electric vehicles to help the world shift to a sustainable transportation system. Now available to preorder customers on the West Coast, the Arcimoto FUV is purpose-built for everyday driving, transforming commutes into pure-electric joyrides. Available for preorder, the Deliverator and Rapid Responder provide last-mile delivery and emergency response functionality, respectively, at a fraction of the cost and environmental impact of traditional gas-powered vehicles. Every Arcimoto vehicle is built at the Arcimoto Manufacturing Plant in Eugene, Oregon. For more information, please visit Arcimoto.com

Public Relations Contact:
Megan Kathman
(651) 785-3212
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Investor Relations Contact:
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LONDON--(BUSINESS WIRE)--#AviationFuelMarket--The aviation fuel market is poised to grow by USD 38.39 bn during 2020-2024, progressing at a CAGR of about 4% during the forecast period. Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Download Free Sample Report on COVID-19 Recovery Analysis

The report on the aviation fuel market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis.

The report offers an up-to-date analysis regarding the current global market scenario and the overall market environment. The market is driven by an increase in the number of aircraft.

The aviation fuel market analysis includes product segment and geography landscape. This study identifies the increased focus on biofuel by EU as one of the prime reasons driving the aviation fuel market growth during the next few years.

This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.

The aviation fuel market covers the following areas:

Aviation Fuel Market Sizing
Aviation Fuel Market Forecast
Aviation Fuel Market Analysis

Companies Mentioned

• BP Plc
• Chevron Corp.
• Exxon Mobil Corp.
• Hindustan Petroleum Corp. Ltd.
• Honeywell International Inc.
• Marathon Petroleum Corp.
• Petróleo Brasileiro SA
• PJSC Gazprom
• Royal Dutch Shell Plc
• and TOTAL SA.

Key Topics Covered:

Executive Summary

• Market Overview

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five Forces Summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Product

• Market segments
• Comparison by Product placement
• ATF - Market size and forecast 2019-2024
• Aviation biofuel - Market size and forecast 2019-2024
• Market opportunity by Product

Customer landscape

• Overview

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• North America - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• APAC - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography

Drivers, Challenges, and Trends

• Market drivers
• Volume driver - Demand led growth
• Volume driver - Supply led growth
• Volume driver - External factors
• Volume driver - Demand shift in adjacent markets
• Price driver - Inflation
• Price driver - Shift from lower to higher priced units
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• BP Plc
• Chevron Corp.
• Exxon Mobil Corp.
• Hindustan Petroleum Corp. Ltd.
• Honeywell International Inc.
• Marathon Petroleum Corp.
• Petróleo Brasileiro SA
• PJSC Gazprom
• Royal Dutch Shell Plc
• TOTAL SA

Appendix

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

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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--(BUSINESS WIRE)--Cummins Inc. (NYSE: CMI):

Further information and a link to join the press event will be provided following RSVPs.

Jon Mills
Cummins Inc.
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HALIFAX, Nova Scotia--(BUSINESS WIRE)--Today Emera (TSX: EMA) announced financial results for the third quarter of 2020.

Q3 2020 and Year-to-Date Highlights:

Reported Net Income

• Q3 2020 reported net income was $84 million, or $0.34 per common share, compared with net income of $55 million, or $0.23 per common share, in Q3 2019.
• Year-to-date reported net income was $665 million, or $2.70 per common share, compared with net income of $470 million, or $1.97 per common share, in the 2019 period.

Adjusted Net Income ⁽¹⁾

• Q3 2020 adjusted net income was $166 million, or $0.67 per common share, compared with $122 million, or $0.51 per common share, in Q3 2019.
• Year-to-date adjusted net income was $477 million, or $1.93 per common share, compared with $476 million, or $1.99 per common share, in the 2019 period.

Significant Items Affecting Reported and Adjusted Net Income

• Reported earnings included $309 million year-to-date, net of tax and transaction costs of earnings related to the gain on sale of the Emera Maine business. In addition, $26 million year-to date after-tax impairment were recognized on certain assets.
• 2020 adjusted earnings contribution from Emera Maine was $16 million lower in Q3 2020 than in Q3 2019 and $32 million lower year-to-date reflecting the sale.
• 2020 adjusted earnings contribution from Emera Energy Generation was $22 million lower year-to-date than in 2019 due to the sale of the New England Gas Generating and Bayside generation facilities in March 2019.
• 2020 adjusted earnings were reduced by $14 million year-to-date from the revaluation of Corporate, NSPI and Emera Energy net deferred income tax assets and liabilities due to the reduction in the Nova Scotia provincial corporate income tax rate.
• Timing of preferred share dividend declaration increased earnings by $22 million for Q3 2020 as compared to Q3 2019, and $11 million higher for the year-to-date.

Cash Flow

• Year-to-date operating cash flow, before changes in working capital, decreased by $81 million to $1,101 million, compared with $1,182 million in the 2019 period.

⁽¹⁾ See “Non-GAAP Measures” noted below.

"Our businesses have continued to focus on safely delivering for our customers during the challenges of the COVID-19 pandemic”, said Scott Balfour, President & CEO of Emera Inc. “Over 60% of our updated capital program is focused on improving reliability and delivering cleaner energy. Our continuing investments are driving a forecasted 50% reduction in GHG emissions and an 80% reduction in coal generation in 2023 as compared to 2005 levels.”

⁽¹⁾ See “Non-GAAP Measures” noted below
⁽²⁾ Adjusted net income and adjusted earnings per common share exclude the effect of mark-to-market adjustments, gain on sale and impairment charges, net of tax

After-tax mark-to-market losses increased $15 million to $82 million in Q3 2020 compared to $67 million in Q3 2019. This increase was due to changes in existing positions on gas contracts and higher amortization of gas transportation assets in 2020. Year-to-date, after-tax mark-to-market losses increased $89 million to $95 million in 2020, compared to a $6 million loss in 2019. This increase was due to higher amortization of gas transportation assets in 2020 and larger reversal of mark-to-market losses in 2019.

Weakening of the CAD exchange rates increased earnings by $4 million and adjusted earnings by $2 million in Q3 2020 compared to Q3 2019. The weakening of the CAD exchange rates increased earnings by $18 million and adjusted earnings by $6 million year-to-date in 2020, compared to the same period in 2019.

⁽¹⁾ See “Non-GAAP Measures” noted below
⁽²⁾ Excludes the effect of mark-to-market adjustments, gain on sale and impairment charges, net of tax

⁽¹⁾ See “Non-GAAP Measures” noted below.
⁽²⁾ Excludes the effect of mark-to-market adjustments, gain on sale and impairment charges, net of tax

Florida Electric Utility’s CAD net income increased by $22 million to $175 million in Q3 2020, compared to $153 million in Q3 2019. Year-to-date, Florida Electric Utility’s CAD net income increased by $61 million to $400 million, compared to $339 million in 2019. The increase in both periods was due to increased base revenues and higher AFUDC earnings as a result of the Big Bend modernization and solar projects. Operating revenues decreased due to lower clause revenues; however, base revenues increased as a result of the in-service of solar generation projects, a greater mix of residential sales, favourable weather and customer growth.

Canadian Electric Utilities’ net income increased by $2 million to $35 million, compared to $33 million in Q3 2019 due to decreased OM&G, higher residential electric sales at NSPI and higher equity earnings at ENL, partially offset by reversal of fixed cost deferral in 2019 and increased income taxes resulting from lower tax deductions in excess of accounting depreciation related to property, plant and equipment. Year-to-date, Canadian Electric Utilities’ net income decreased by $7 million to $164 million, compared to $171 million in Q3 2019. The decrease was due to the unfavourable impacts of increased income tax expense, as discussed above, unfavourable weather and decreased commercial, other and industrial sales volumes related to the impact of the COVID-19 pandemic, partially offset by decreased OM&G expense and increased residential sales volumes related to the impact of the COVID-19 pandemic at NSPI and higher equity earnings in ENL.

Other Electric Utilities’ CAD net income, adjusted to exclude mark-to-market, decreased by $17 million to $6 million in Q3 2020, compared to $23 million in Q3 2019. Year-to-date, Other Electric Utilities’ CAD net income, adjusted to exclude mark-to-market, decreased by $37 million to $25 million, compared to $62 million in 2019. ECI’s year-to-date contribution decreased due to lower commercial and industrial sales, partially offset by increased sales to residential customers due to the impact of the COVID-19 pandemic and due to the continued recovery from Hurricane Dorian at GBPC. Year-to-date, the decrease was partially offset by recognition of a previously deferred corporate income tax recovery related to enactment of a lower corporate income tax rate in December 2018 at BLPC. Lower contribution from Emera Maine as a result of the sale in Q1 2020 decreased earnings in both periods.

Gas Utilities and Infrastructure’s CAD net income decreased by $5 million to $20 million in Q3 2020, compared to $25 million in Q3 2019. Year-to-date, Gas Utilities and Infrastructure’s CAD net income decreased by $15 million to $117 million, compared to $132 million in 2019. The decrease in both periods were due to NMGC’s recognition of a tax benefit related to the change in treatment of NOL carryforwards in Q3 2019 and lower PGS base revenues due to the impacts of COVID-19 on commercial sales. These decreases were partially offset by higher customer growth, increased AFUDC earnings and higher return on investment in Cast Iron/Bare Steel replacement rider at PGS and lower OM&G expenses at NMGC. Year-to-date, the decrease was also due to NMGC’s recognition of tax reform benefits in Q2 2019.

Other’s net loss, adjusted to exclude mark-to-market, decreased by $42 million to $70 million in Q3 2020, compared to $112 million in Q3 2019. Year-to-date, Other’s net loss, adjusted to exclude mark-to-market and the gain on sale and impairment charges, net of tax, increased by $1 million to $229 million, compared to $228 million in 2019. Year-to-date and quarter-over-quarter, the decreases were due to the timing of preferred stock dividends, higher marketing and trading margin, lower interest and the recognition of the corporate share of the unrecoverable loss on GBPC’s facilities in 2019, partially offset by lower income tax recovery. Year-to-date, the decrease was also due to the impact of the sale of NEGG and Bayside Power, revaluation of net deferred income tax assets resulting from the enactment of a lower Nova Scotia provincial corporate income tax rate in Q1 2020 and the 2019 sale of property in Florida.

Non-GAAP Measures

Emera uses financial measures that do not have standardized meaning under USGAAP and may not be comparable to similar measures presented by other entities. Emera calculates the non-GAAP measures by adjusting certain GAAP and non-GAAP measures for specific items the Company believes are significant, but not reflective of underlying operations in the period. Refer to the Non-GAAP Financial Measures section of our Management's Discussion and Analysis ("MD&A") for further discussion of these items.

Forward Looking Information

This news release contains forward-looking information within the meaning of applicable securities laws. By its nature, forward-looking information requires Emera to make assumptions and is subject to inherent risks and uncertainties. These statements reflect Emera management’s current beliefs and are based on information currently available to Emera management. There is a risk that predictions, forecasts, conclusions and projections that constitute forward-looking information will not prove to be accurate, that Emera’s assumptions may not be correct and that actual results may differ materially from such forward-looking information. Additional detailed information about these assumptions, risks and uncertainties is included in Emera’s securities regulatory filings, including under the heading “Business Risks and Risk Management” in Emera’s annual Management’s Discussion and Analysis, and under the heading “Principal Risks and Uncertainties” in the notes to Emera’s annual and interim financial statements, which can be found on SEDAR at www.sedar.com.

Teleconference Call

The company will be hosting a teleconference today, Friday, November 13, 2020, at 9:30 a.m. Atlantic (8:30 a.m. Eastern) to discuss the Q3 2020 financial results.

Analysts and other interested parties in North America are invited to participate by dialing 1-866-521-4909. International parties are invited to participate by dialing 1-647-427-2311. Participants should dial in at least 10 minutes prior to the start of the call. No pass code is required.

A live and archived audio webcast of the teleconference will be available on the Company's website, www.emera.com. A replay of the teleconference will be available two hours after the conclusion of the call by dialing 1-800-585-8367 and entering pass code 6936268

About Emera

Emera Inc. is a geographically diverse energy and services company headquartered in Halifax, Nova Scotia, with approximately $32 billion in assets and 2019 revenues of more than $6.1 billion. The company primarily invests in regulated electricity generation and electricity and gas transmission and distribution with a strategic focus on transformation from high carbon to low carbon energy sources. Emera has investments throughout North America, and in four Caribbean countries. Emera’s common and preferred shares are listed on the Toronto Stock Exchange and trade respectively under the symbol EMA, EMA.PR.A, EMA.PR.B, EMA.PR.C, EMA.PR.E, EMA.PR.F and EMA.PR.H. Depositary receipts representing common shares of Emera are listed on the Barbados Stock Exchange under the symbol EMABDR and on The Bahamas International Securities Exchange under the symbol EMAB. Additional Information can be accessed at www.emera.com or at www.sedar.com.

Emera Inc.
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902-428-6945
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Company embraces membership as catalyst for making ammonia a key player in zero-carbon energy landscape

OVERLAND PARK, Kan.--(BUSINESS WIRE)--As an industry leader in advancing decarbonization, Black & Veatch – experts in ammonia-related projects – sees an expanding role for the chemical compound in a low-carbon landscape. To help further that, the company has joined the Ammonia Energy Association, an influential advocate of responsible ammonia use in a sustainable energy economy.

As the role of hydrogen in the green energy economy continues to expand, Black & Veatch also sees a growing case for ammonia beyond its traditional role in fertilizer production. Made up of one nitrogen and three hydrogen atoms, ammonia – a gas at room temperature – is more energy dense than pure hydrogen, incredibly stable and can be easily liquified for storage and shipment around the globe in the same fashion as liquefied natural gas (LNG). Ammonia then can be used in multiple energy-intensive industries, to produce electricity or to produce other green chemicals, making its capacity for meaningfully lowering our carbon footprint limitless.

“Through membership in the Ammonia Energy Association, we look forward to working with other sustainability-focused companies to find applications for ammonia that will accelerate the transition to a carbon-free society,” said Hoe Wai Cheong, President of Black & Veatch’s oil and gas business. “This syncs perfectly with our company decarbonization commitments, and we’re eager to collaborate with the group’s members to broaden the use of ammonia for cleaner, greener energy.”

Founded 16 years ago, the Ammonia Energy Association (AEA) trade association, with members spanning the ammonia energy industry, believes decarbonized ammonia production leads to launching new markets in fuel and energy applications. As a recognized thought leader and a global network of ammonia energy stakeholders, the AEA believes the ammonia energy story is largely mature, with dozens of pilot and demonstration projects either operational or being developed.

“The energy transition is evolving rapidly, and ammonia is increasingly recognized as the large-scale enabler of hydrogen in a decarbonized society,” said Trevor Brown, the Ammonia Energy Association’s executive director. “I am delighted to welcome Black & Veatch as a new member of the AEA now, bringing its expertise in ammonia and energy infrastructure to our membership, because the world is ready to push these clean energy ideas into practice. The technologies are mature — it’s time for the engineering and construction to begin.”

In championing the merits of renewable energy and a decarbonized world, Black & Veatch is strengthening its sustainability vision with new pledges announced Nov. 12 that align with the United Nations’ Sustainable Development Goals (SDGs) and global best practices. The company’s pledges will address a range of environmental and business practices, including carbon neutrality by 2025, water usage, diversity and inclusion, anti-corruption and more.

The company earlier announced that it is ending its participation in new coal-based power design and construction to focus on clean energy technologies and help clients accelerate their path to net zero.

Editor’s Notes:

• Black & Veatch provided engineering and procurement services to a Koch Industries subsidiary for two ammonia plant expansions as well as utility and infrastructure improvements as part of a $1.3 billion expansion of its facility in Enid, Oklahoma. That project increased urea and ammonia production at the facility by more than one million tons a year. The facility is among North America’s largest producers of fertilizer.
• The company has completed more than 50 projects involving ammonia fertilizer plants ranging in size from 50 to 2,500 metric tons per day. Projects have involved planning studies, revamps, and ammonia storage and terminal facilities. Black & Veatch also has nitric acid, urea and urea ammonium nitrate experience.
• For more information about the Ammonia Energy Association, see www.ammoniaenergy.com.

About Black & Veatch

Black & Veatch is an employee-owned engineering, procurement, consulting and construction company with a more than 100-year track record of innovation in sustainable infrastructure. Since 1915, we have helped our clients improve the lives of people in over 100 countries by addressing the resilience and reliability of our world's most important infrastructure assets. Our revenues in 2019 were US$3.7 billion. Follow us on www.bv.com and on social media.

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DUBLIN--(BUSINESS WIRE)--The "Global Military Robotic and Autonomous (RAS) Systems Market: Focus on Platform (Unmanned Aircraft Systems, Unmanned Ground and Robotic Systems, and Unmanned Maritime Systems), Operation Mode, and Application - Analysis and Forecast, 2020-2025" report has been added to ResearchAndMarkets.com's offering.

The global military robotic and autonomous systems market report shows a significant growth in the market. The military robotic and autonomous systems market is anticipated to grow at a CAGR of 20.75% based on market value during the forecast period 2020-2025.

However, the demand for military robotic and autonomous systems by value is expected to grow due to the demand for modernization of military platforms with the rise in defense spending. The growing interest toward replacing robotics platform with soldiers for dull, dirty, and dangerous tasks is another key factor for driving the demand for robotic and autonomous systems. Additionally, advancement in the field of artificial intelligence, robotics, sensors, and navigation is another factor propelling the market of military robotic and autonomous systems market.

Scope of the Global Military Robotic and Autonomous Systems Market

The global military robotic and autonomous systems market report provides detailed market information for segmentation such as platform type, mode of operation, application, and region. The purpose of this market analysis is to examine the military robotic and autonomous systems in terms of factors driving the market, trends, technological developments, and competitive benchmarking, among others.

The report further takes into consideration the market dynamics and the competitive landscape, along with the detailed financial and product contribution of the key players operating in the market. While highlighting the key driving and restraining forces for this market, the report also provides a detailed study of the industry that is analyzed.

The military robotic and autonomous systems market is segregated by region under four major regions, namely North America, Asia-Pacific, Europe, and Rest-of-the-World.

Key Companies in the Global Military Robotic and Autonomous Systems Market

• BAE Systems
• Boeing
• Clearpath Robotics Inc.
• ECA Group
• Elbit Systems Ltd.
• FLIR System
• General Dynamics Corporation
• Hanwha Defense
• Israel Aerospace Industries Ltd.
• L3 Harris Technologies Inc.
• Leonardo S.p.A
• Lockheed Martin Corporation
• Northrop Grumman Corporation
• RedSquared (RE2) Robotics
• Thales Group

Key Topics Covered:

1 Market Dynamics

1.1 Market Snapshot

1.2 Market Drivers

1.2.1 Growing Use of Unmanned Systems for Crucial Military Operations

1.2.2 Rising Defense Budgets

1.2.3 Increasing Military Modernization Programs

1.3 Market Restraints

1.3.1 Lack of Reliability on the Use of Autonomous Systems

1.3.2 Susceptibility of Cyberthreats to Robotic Systems

1.4 Market Opportunities

1.4.1 Increasing Innovations in the Field of Artificial Intelligence (AI)

1.4.2 Rising Budget Allocations for Unmanned Systems

1.5 Market Dynamics: Impact Analysis

2 Competitive Insights

2.1 Key Strategies and Developments

2.1.1 New Product Launches

2.1.2 Acquisitions, Joint Ventures, Collaborations, and Mergers

2.1.3 Contracts

2.1.4 Investments

3 Industry Analysis

3.1 Patent Analysis

3.1.1 Patents (by Country), 2017-2020

3.2 Supply Chain Analysis

3.3 Technological Advancements

3.3.1 Integrating 3D Printing in Unmanned Systems

3.3.2 Advanced Sensors and Processors

3.3.3 Hybrid Power Systems

3.3.4 Cloud Computing-Based Services for Military UAVs

3.3.5 Sense and Avoid Technology

3.3.6 Artificial Intelligence (AI)

3.4 Product Mapping

3.5 Impact of COVID-19 on Military RAS Market

3.6 Major Military Programs

3.6.1 Major Military Robotic and Autonomous Systems Programs:

3.7 Industry Attractiveness: Porter's Five Forces Analysis

4 Global Military Robotic and Autonomous Systems Market, 2019-2025

4.1 Assumptions and Limitations

4.2 Market Overview

5 Global Military Robotic and Autonomous Systems Market (by Platform), 2019-2025

5.1 Market Overview

5.1.1 Unmanned Aircraft Systems

5.1.1.1 Medium Altitude Long Endurance (MALE) UAVs

5.1.1.2 High Altitude Long Endurance (HALE) UAVs

5.1.1.3 Unmanned Combat Aircraft Vehicles (UCAVs)

5.1.1.4 Unmanned Helicopters

5.1.1.5 Small UAVs

5.1.1.6 Loitering Munition UAVs

5.1.2 Unmanned Ground and Robotic Systems

5.1.2.1 Unmanned Ground Vehicles

5.1.2.2 Robots

5.1.2.3 Humanoid Robots

5.1.3 Unmanned Maritime Systems

5.1.3.1 Autonomous Surface Vehicles

5.1.3.2 Autonomous Underground Vehicles

6 Global Military Robotic and Autonomous Systems Market (by Operation Mode), 2019-2025

6.1 Market Overview

6.1.1 Unmanned Aircraft Systems

6.1.1.1 Autonomous

6.1.1.2 Semi-Autonomous

6.1.1.3 Tethered/Wired

6.1.2 Unmanned Ground and Robotic Systems

6.1.2.1 Autonomous

6.1.2.2 Semi-Autonomous

6.1.3 Unmanned Maritime Systems

6.1.3.1 Autonomous

6.1.3.2 Semi-Autonomous

7 Global Military Robotic and Autonomous Systems Market (by Application), 2019-2025

7.1 Market Overview

7.1.1 Intelligence, Surveillance, and Reconnaissance (ISR)

7.1.2 Combat Operation

7.1.3 Target Acquisition

7.1.4 Logistics

7.1.5 Mine Clearance, EOD, and CBRN

7.1.6 Infantry Support

7.1.7 Others

8 Global Military Robotic and Autonomous Systems Market (by Region), 2019-2025

8.1 Market Overview

9 Company Profiles

9.1 Company Overview

9.2 Role in Global Military Robotic and Autonomous Systems Market

9.3 Financials

9.4 SWOT Analysis

10 Research Scope and Methodology

10.1 Scope of the Report

10.2 Global Military Robotics and Autonomous Systems Market Research Methodology

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

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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HOUSTON--(BUSINESS WIRE)--Warren Equity Partners (“Warren Equity”), a lower middle market private equity fund manager, is pleased to announce that its platform company Integrated Facility Solutions (“IFS”) has acquired Concept Controls Inc. (“Concept Controls” or the “Company”). Concept Controls, based in Calgary, Alberta, Canada, specializes in the sale, service, and rental of industrial safety equipment, including gas detection monitors, respiratory protection products, industrial hygiene sampling equipment and environmental monitoring products in North America. Concept Controls is the first acquisition by the IFS platform, which is executing a buy and build strategy in the industrial safety space. Mike Stephens, President of Concept Controls, will maintain a significant equity ownership in the transaction and will remain President of the Company going forward. Financial terms of the transaction were not disclosed.

Concept Controls distributes, rents, and services mission-critical industrial safety equipment throughout North America. Since Concept’s founding in 1992, the Company has rapidly grown into a full-service provider of industrial safety equipment with best in class technical services. Concept Controls partners with leading global manufacturers including Honeywell (BW Technologies & RAE Systems), TSI, MSA, and Blackline Safety, amongst others. The Company serves blue-chip customers, covering multiple industries, including manufacturing, energy, utilities, commercial, and government. Concept Controls has locations across Canada and in Houston, Texas.

“IFS is excited to partner with Mike and the Concept Controls team. The IFS team has extensive experience in the environmental, safety and productivity sectors and has worked closely with Concept for the past decade. The Company is an ideal partner due to their technical expertise and strong reputation,” said Carl Johnson, Chairman of IFS and Senior Operating Partner at Warren Equity. “This partnership allows us to leverage strong industry experience, domain knowledge, and business leadership to drive growth. I am especially excited about building on this foundation by leveraging technologies to better serve our customers. With this partnership, we are well-positioned to help Concept Controls grow both organically and through strategic acquisitions.”

“We are thrilled to partner with Warren Equity and the leadership team at IFS. Concept Controls has evaluated many strategic partners over the years and believe we have found a partner that not only has a deep understanding of the products and services we represent, but also the importance of our culture,” said Mr. Stephens. “Through this partnership, we have created a world class team of proven industry professionals that will assist Concept Controls during our next stage of growth.”

About Integrated Facility Solutions (IFS)

IFS is a Warren Equity Partners platform company focused on building an integrated facility services organization by executing a “buy, build and grow” strategy in the mid-market space. IFS has identified the safety, productivity, and environmental sectors as focused end-markets. IFS partners with companies that leverage technical expertise, technology, and customer centricity to differentiate themselves. The team is dedicated to transforming the technology, connectivity, data analytics and optimized user experience of partner companies by driving operations and commercialization. For more information, please visit www.ifsconnects.com.

About Warren Equity Partners

Warren Equity Partners is a private equity firm that invests in small and middle market operating companies primarily in North America. The firm invests in established companies where additional capital and operating resources can accelerate growth, targeting companies in the industrial services, industrial products, business services, and distribution sectors. Warren Equity invests in the form of buyouts, growth equity, and recapitalizations. For more information, please visit www.warrenequity.com.

About Concept Controls Inc.

Based in Alberta, Canada, Concept Controls distributes, services, and rents industrial safety equipment throughout North America. The Company’s products include gas detection, environmental monitoring and industrial hygiene equipment for the industry’s leading manufacturers. As a trusted partner for providing safety solutions to customers, the Company has been built on providing exceptional service, advice, and the best products on the market. For more information, please visit www.conceptcontrols.com.

Billy Grewal
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Trinity Metro will extend TEXRail commuter rail line south into Fort Worth’s Medical District

LOS ANGELES--(BUSINESS WIRE)--AECOM (NYSE:ACM), the world’s premier infrastructure consulting firm, has been selected by Trinity Metro to conduct the environmental assessment and preliminary engineering for the TEXRail extension project. Trinity Metro plans to extend the commuter rail line south from downtown Fort Worth, Texas, connecting the Fort Worth T&P Station to the future TEXRail station in the Fort Worth Medical District. The extension will serve the more than 40,000 people who work in the fast-growing Medical District, plus residents and businesses in the surrounding Near Southside neighborhood.

“We’re thrilled to continue supporting Trinity Metro and the city in its efforts to make public transportation more accessible,” said Lara Poloni, AECOM’s president. “AECOM looks forward to leveraging its global transportation expertise on this project and remains committed to advancing key infrastructure during this economic recovery."

"Trinity Metro's commuter rail line already has nine stations in Fort Worth, North Richland Hills and Grapevine, and this expansion is intended to improve transit equity by providing access to healthcare services for local residents who may not have a vehicle and will ease the commute for healthcare workers traveling in and out of the district," said Dev Rastogi, AECOM’s vice president and Dallas executive.

The TEXRail commuter rail line opened in January 2019 and extends northeast for 27 miles between downtown Fort Worth and Dallas Fort Worth International Airport’s Terminal B. Stations are located along the corridor in North Fort Worth, North Richland Hills, Grapevine and DFW Airport. Currently the rail line only goes as far south as the Fort Worth T&P Station, but does not yet serve the city’s medical district or southern neighborhoods. The new project will extend the line 2.1 miles with a proposed station south of Mistletoe Boulevard, near Baylor Scott & White All Saints Medical Center.

Prior to the COVID-19 pandemic, ridership on TEXRail had increased by more than 50% to more than 50,000 per month, providing a more efficient and environmentally conscious transportation method for riders. As project consultant, AECOM’s role will include a study to review the environmental impact of the project. AECOM will prepare the preliminary engineering plans, environmental documentation and support public outreach consistent with all Federal Transit Administration (FTA) and National Environmental Policy Act (NEPA) requirements. In a similar role, AECOM supported Trinity Metro throughout the development of the initial phase of the TEXRail project.

“We are excited about moving forward with this extension to the TEXRail commuter rail line,” said Jon-Erik “AJ” Arjanen, vice president and chief operating officer of Trinity Metro. “Working through the environmental assessment and preliminary engineering are important phases in this project.”

Ranked as ENR's 2020 Top Environmental Firm, AECOM has extensive experience in the environmental services industry, helping industrial and public sector clients around the world balance growth with resiliency.

AECOM’s previous North Texas projects include the environmental impact statement for the proposed 240-mile Dallas to Houston high speed rail project; environmental permitting, compliance and remediation services for Texas’ largest freight railroad headquartered in North Texas; and remediation and due diligence services for numerous public and private sector clients throughout the region.

About AECOM

AECOM (NYSE:ACM) is the world’s premier infrastructure consulting firm, delivering professional services throughout the project lifecycle – from planning, design and engineering to program and construction management. We partner with our clients in the public and private sectors to solve their most complex challenges and build legacies for generations to come. On projects spanning transportation, buildings, water, governments, energy and the environment, our teams are driven by a common purpose to deliver a better world. AECOM is a Fortune 500 firm and its Professional Services business had revenue of approximately $13.6 billion in fiscal year 2019. See how we deliver what others can only imagine at aecom.com and @AECOM.

Forward-Looking Statements

All statements in this communication other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including any statements of the plans, strategies and objectives for future operations, profitability, strategic value creation, coronavirus impacts, risk profile and investment strategies, and any statements regarding future economic conditions or performance, and the expected financial and operational results of AECOM. Although we believe that the expectations reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include, but are not limited to, the following: our business is cyclical and vulnerable to economic downturns and client spending reductions; impacts caused by the coronavirus and the related economic instability and market volatility, including the reaction of governments to the coronavirus, including any prolonged period of travel, commercial or other similar restrictions, the delay in commencement, or temporary or permanent halting of construction, infrastructure or other projects, requirements that we remove our employees or personnel from the field for their protection, and delays or reductions in planned initiatives by our governmental or commercial clients or potential clients; losses under fixed-price contracts; limited control over operations run through our joint venture entities; liability for misconduct by our employees or consultants; failure to comply with laws or regulations applicable to our business; maintaining adequate surety and financial capacity; high leverage and potential inability to service our debt and guarantees; exposure to Brexit; exposure to political and economic risks in different countries; currency exchange rate fluctuations; retaining and recruiting key technical and management personnel; legal claims; inadequate insurance coverage; environmental law compliance and adequate nuclear indemnification; unexpected adjustments and cancellations related to our backlog; partners and third parties who may fail to satisfy their legal obligations; AECOM Capital real estate development projects; managing pension cost; cybersecurity issues, IT outages and data privacy; risks associated with the benefits and costs of the Power transaction and other recent acquisitions and divestitures, including the risk that the expected benefits of such transactions or any contingent purchase price will not be realized within the expected time frame, in full or at all; the risk that costs of restructuring transactions and other costs incurred in connection with recent acquisitions and divestitures will exceed our estimates or otherwise adversely affect our business or operations; as well as other additional risks and factors that could cause actual results to differ materially from our forward-looking statements set forth in our reports filed with the Securities and Exchange Commission. Any forward-looking statements are made as of the date hereof. We do not intend, and undertake no obligation, to update any forward-looking statement.

Investor Contact:
Will Gabrielski
Senior Vice President, Investor Relations
213.593.8208
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Media Contact:
Brendan Ranson-Walsh
Vice President, Global Communications & Corporate Responsibility
213.996.2367
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DUBLIN--(BUSINESS WIRE)--The "Global Pipeline Pigging Systems Market 2020-2024" report has been added to ResearchAndMarkets.com's offering.

The pipeline pigging systems market is poised to grow by $ 4.20 bn during 2020-2024, progressing at a CAGR of 1% during the forecast period.

The reports on the pipeline pigging systems market provide a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment.

The market is driven by the economic benefits of pipeline transportation and regulations mandated for frequent inspections of oil and gas pipelines. In addition, the economic benefits of pipeline transportation are anticipated to boost the growth of the market as well.

This study identifies the growing demand for oil and natural gas as one of the prime reasons driving the pipeline pigging systems market growth during the next few years. The growing demand for oil and natural gas will lead to sizable demand in the market. The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading pipeline pigging systems market vendors that include 3P Services GmbH & Co KG, Alpha Pipeline Integrity Services Inc., Baker Hughes Co., CIRCOR International Inc., Dacon Inspection Technologies Co. Ltd., GeoCorr LLC, LIN SCAN, Pigs Unlimited International LLC, Russell NDE Systems Inc., and T.D. Williamson Inc.

Also, the pipeline pigging systems market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

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

Key Topics Covered:

Executive Summary

• Market Overview

Market Landscape

• Market Ecosystem
• Value Chain Analysis

Market Sizing

• Market Definition
• Market Segment Analysis
• Market Size 2019
• Market Outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five Forces Summary
• Bargaining Power of Buyers
• Bargaining Power of Suppliers
• Threat of New Entrants
• Threat of Substitutes
• Threat of Rivalry
• Market Condition

Market Segmentation by Application

• Market Segments
• Comparison by Application
• Gas - Market Size and Forecast 2019-2024
• Oil - Market Size and Forecast 2019-2024
• Market Opportunity by Application

Customer Landscape

Geographic Landscape

• Geographic Segmentation
• Geographic Comparison
• North America - Market Size and Forecast 2019-2024
• Europe - Market Size and Forecast 2019-2024
• Mea - Market Size and Forecast 2019-2024
• Apac - Market Size and Forecast 2019-2024
• South America - Market Size and Forecast 2019-2024
• Key Leading Countries
• Market Opportunity by Geography
• Market Drivers - Demand Led Growth
• Market Challenges
• Market Trends

Vendor Landscape

• Vendor Landscape
• Landscape Disruption
• Competitive Scenario

Vendor Analysis

• Vendors Covered
• Market Positioning of Vendors
• 3P Services GmbH & Co Kg
• Alpha Pipeline Integrity Services Inc.
• Baker Hughes Co.
• Circor International Inc.
• Dacon Inspection Technologies Co. Ltd.
• Geocorr LLC
• Lin Scan
• Pigs Unlimited International LLC
• Russell Nde Systems Inc.
• T.D. Williamson Inc.

Appendix

For more information about this report visit https://www.researchandmarkets.com/r/ytnx6j

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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RNG project to reduce environmental impact of dairy manure and improve odor and nutrient management practices

SAN FRANCISCO--(BUSINESS WIRE)--Brightmark, the global waste solutions provider, today broke ground on The Sobek Renewable Natural Gas (RNG) project, which includes the construction of new anaerobic digesters at two Larson family dairy farms in Okeechobee County, Florida. The farms are owned by Larson Dairy, Inc. and JM Larson, Inc.

Upon completion of the project, the digesters are anticipated to generate about 171,000 MMBtu of renewable natural gas each year. The gas will be delivered into the TECO People Gas pipeline system. The project is part of the recently announced joint venture, Brightmark RNG Holdings LLC, a Brightmark platform in partnership with Chevron U.S.A. Inc.

Brightmark developed the project and now, through the JV with Chevron, will own and operate it once construction is complete in 2021. When fully operational, the benefits of the Sobek RNG project include offsetting 57,400 metric tons of greenhouse gas emissions each year and generating 469 MMBtu of renewable gas per day.

“We are thrilled to partner with Larson Dairy Farms and JM Larson Farms to build and operate carbon negative RNG projects Florida and deliver environmental and economic benefits to Okeechobee County,” said Bob Powell, Founder and Chief Executive Officer of Brightmark. “These projects advance our mission of reimagining waste into new parts of the country while supporting local communities with innovative solutions that produce clean fuels, reduce GHG emissions and provide new sources of income to farmers.”

"Brightmark has been a good partner in the development of this project. We are glad the technology and economics are coming together to support our environmental and sustainability goals," said Woody Larson, participating farmer. "Cows are the ultimate recyclers, creating wholesome milk from byproducts of the citrus, ethanol, brewing and textile industries. This technology now also allows us to convert manure to energy and improve the environment.”

Anaerobic digestion systems can prevent significant quantities of methane, a potent greenhouse gas, from being released into the atmosphere. Research shows that when all climate benefits are considered together, RNG from dairy manure can reduce greenhouse gas emissions 400% when it is used to replace traditional vehicle fuels through this net carbon-negative process. These projects will reduce the net greenhouse gas emissions from the manure processed at this facility at a rate of 55,000 metric tons of CO2e per year, which is equivalent to planting 72,000 acres of forest each year. After the methane is extracted from the processed manure, the remaining soil nutrients will be returned to the farmers for use as fertilizer and water for forage crops for their cows. These partnerships will allow the farms to reduce land application of raw manure and improve odor, water quality and nutrient management practices.

ABOUT BRIGHTMARK
Brightmark is a global waste solutions company with a mission to reimagine waste. The company takes a holistic, closed loop, circular economy approach to tackling the planet’s most pressing environmental challenges with imagination and optimism for the future. Through the deployment of disruptive, breakthrough waste-to-energy solutions focused on plastics renewal (plastic waste-to-fuel) and renewable natural gas (organic waste-to-fuel), Brightmark enables programs specifically tailored to environmental needs in order to build scalable project solutions that have a positive impact on the world and communities in which its stakeholders live and work. For more information, visit www.brightmark.com.

Media Contact:
Cory Ziskind
ICR
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646-277-1232

SAN DIEGO--(BUSINESS WIRE)--EDF Renewables North America and Nucor Corporation, a diversified steel and steel products company, today announced the signing of a 15-year Virtual Power Purchase Agreement (VPPA) for 250 megawatts (MWac) of solar energy in Texas.

The project, selected by Nucor under a competitive RFP process, is expected to begin delivering clean electricity in Q2 2023. The agreement marks the first solar power purchase agreement for Nucor and the largest of its kind for the steel industry.

Construction is expected to commence in Summer 2022, creating hundreds of construction-related jobs during its peak. The local community will benefit over its operating life through land lease, tax, and other payments. The expected electricity generated at full capacity is enough to meet the consumption of nearly 50,000 average Texas homes¹.

“EDF Renewables is pleased to partner with Nucor and help them with their sustainability initiatives in a cost-effective manner,” said Ryan Pfaff, Executive Vice President, Grid-Scale Power at EDF Renewables. “Nucor’s decision to procure solar energy allows this project to move forward into construction, which will provide an economic boost to the local economy through new construction jobs and expanded tax base.”

“Nucor is one of the most efficient and cleanest steel producers in the world, and we are always looking for ways to reduce our carbon footprint. That is why we are proud to make our production process even cleaner by supporting the development of this solar energy project,” said Leon Topalian, President & CEO of Nucor Corporation. “We are already North America’s largest recycler, and supporting the addition of more clean power to the regional grid via this agreement further demonstrates Nucor’s commitment to sustainable steelmaking.”

With 35 years of experience and 16 gigawatts (GW) of renewable projects developed throughout North America, EDF Renewables provides a fully integrated bundle of energy solutions from grid-scale wind, solar, and solar plus storage projects to electric vehicle charging and energy storage management.

¹ According to U.S. Energy Information Administration (EIA) 2018 Residential Electricity Sales and U.S. Census Data

About EDF Renewables:

EDF Renewables North America is a market leading independent power producer and service provider with 35 years of expertise in renewable energy. The Company delivers grid-scale power: wind (onshore and offshore), solar photovoltaic, and storage projects; distributed solutions: solar, solar+storage, EV charging and energy management; and asset optimization: technical, operational, and commercial skills to maximize performance of generating projects. EDF Renewables’ North American portfolio consists of 16 GW of developed projects and 11 GW under service contracts. EDF Renewables North America is a subsidiary of EDF Renouvelables, the dedicated renewable energy affiliate of the EDF Group. For more information visit: www.edf-re.com

About Nucor Corporation:

Nucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada and Mexico. Products produced include: carbon and alloy steel -- in bars, beams, sheet and plate; hollow structural section tubing; electrical conduit; steel piling; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; precision castings; steel fasteners; metal building systems; steel grating; and wire and wire mesh. Nucor, through The David J. Joseph Company, also brokers ferrous and nonferrous metals, pig iron and hot briquetted iron / direct reduced iron; supplies ferro-alloys; and processes ferrous and nonferrous scrap. Nucor is North America's largest recycler. For more information visit: www.nucor.com

EDF Renewables
Sandi Briner, +1 858-521-3525
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SPRING, Texas--(BUSINESS WIRE)--Southwestern Energy Company (NYSE: SWN) today announced that it has completed the acquisition of Montage Resources following approval by Montage shareholders. Under the previously announced credit agreement amendment, the Company’s borrowing base on its revolving credit facility has been increased to $2.0 billion.

“This strategic transaction represents another deliberate step in our disciplined repositioning strategy. We strengthened our position as a premier producer in the Appalachia basin with an at-market, accretive acquisition that provides a step change in free cash flow. Starting today, we are delivering on our commitment of at least $30 million in synergies, and we look forward to unlocking additional value as the newly combined team brings innovation and demonstrated operational efficiencies to these high quality, complementary assets,” said Bill Way, Southwestern Energy President and Chief Executive Officer. “We welcome the field operating team to Southwestern Energy and thank the entire Montage Resources organization for their hard work and dedication that led to this transaction.”

Given the November 13, 2020 closing, there is no change to the Company’s fourth quarter and full year 2020 guidance except for the inclusion of 49 days of production from the Montage properties as indicated in the table below. As of the closing of the transaction, the Company’s daily net production rate increases to over 3 Bcfe per day.

About Southwestern Energy

Southwestern Energy Company is an independent energy company engaged in natural gas, natural gas liquids and oil exploration, development, production and marketing. For additional information, visit our website www.swn.com.

Forward Looking Statement

Certain statements and information herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. The words “believe,” “expect,” “anticipate,” “plan,” “intend,” “foresee,” “should,” “would,” “could,” “attempt,” “appears,” “forecast,” “outlook,” “estimate,” “project,” “potential,” “may,” “will,” “are likely,” “guidance,” “goal,” “model,” “target,” “budget” and other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. Statements may be forward looking even in the absence of these particular words. Examples of forward-looking statements include, but are not limited to, statements regarding generation of free cash flow. These forward-looking statements are based on our current expectations and beliefs concerning future developments and their potential effect on us. The forward-looking statements contained in this document are largely based on our expectations for the future, which reflect certain estimates and assumptions made by our management. These estimates and assumptions reflect our best judgment based on currently known market conditions, operating trends, and other factors. Although we believe such estimates and assumptions to be reasonable, they are inherently uncertain and involve a number of risks and uncertainties that are beyond our control. As such, management’s assumptions about future events may prove to be inaccurate. For a more detailed description of the risks and uncertainties involved, see “Risk Factors” in our most recently filed Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other SEC filings. We do not intend to publicly update or revise any forward-looking statements as a result of new information, future events, changes in circumstances, or otherwise. These cautionary statements qualify all forward-looking statements attributable to us, or persons acting on our behalf. Management cautions you that the forward looking statements contained herein are not guarantees of future performance, and we cannot assure you that such statements will be realized or that the events and circumstances they describe will occur. Factors that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements herein include, but are not limited to: the timing and extent of changes in market conditions and prices for natural gas, oil and natural gas liquids (“NGLs”), including regional basis differentials and the impact of reduced demand for our production and products in which our production is a component due to governmental and societal actions taken in response to the COVID-19 pandemic; our ability to fund our planned capital investments; a change in our credit rating, an increase in interest rates and any adverse impacts from the discontinuation of the London Interbank Offered Rate; the extent to which lower commodity prices impact our ability to service or refinance our existing debt; the impact of volatility in the financial markets or other global economic factors, including the impact of COVID-19; difficulties in appropriately allocating capital and resources among our strategic opportunities; the timing and extent of our success in discovering, developing, producing and estimating reserves; our ability to maintain leases that may expire if production is not established or profitably maintained; our ability to realize the expected benefits from the acquisition of Montage Resources Corporation (“Montage Acquisition”); costs in connection with the Montage Acquisition; integration of operations and results subsequent to the Montage Acquisition; our ability to transport our production to the most favorable markets or at all; the impact of government regulation, including changes in law, the ability to obtain and maintain permits, any increase in severance or similar taxes, and legislation or regulation relating to hydraulic fracturing, climate and over-the-counter derivatives; the impact of the adverse outcome of any material litigation against us or judicial decisions that affect us or our industry generally; the effects of weather; increased competition; the financial impact of accounting regulations and critical accounting policies; the comparative cost of alternative fuels; credit risk relating to the risk of loss as a result of non-performance by our counterparties; and any other factors listed in the reports we have filed and may file with the SEC that are incorporated by reference herein. All written and oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary statement.

Investor Contact
Brittany Raiford
Director, Investor Relations
(832) 796-7906
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Bernadette Butler
Investor Relations Advisor
(832) 796-6079
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SAN FRANCISCO--(BUSINESS WIRE)--Every day, electric and natural gas customers throughout the country are being targeted by utility scams. These imposters typically target customers online, in-person and by telephone. And, this year is even worse due to the ongoing financial impacts of the COVID-19 pandemic. PG&E is taking a stand against scammers by joining its fellow electric, natural gas, water utilities and Utilities United Against Scams (UUAS) in helping customers recognize potential bad actors during Utility Scam Awareness Week from November 16-23, 2020.

UUAS, a consortium of more than 145 U.S. and Canadian electric, water, and natural gas utilities and their respective trade associations, continues to create awareness of common scams and new scam tactics being used during the COVID-19 pandemic. Through its work, UUAS has succeeded in taking nearly 9,500 toll-free numbers used by scammers against utility customers out of operation.

“Scammers are constantly changing their tactics and tricks, so awareness is more important than ever to keep our customers safe,” said Laurie Giammona, PG&E’s chief customer officer. “If an email, visit to your home or phone call doesn’t feel right, don’t fall for it. Delete it, shut the door or hang up. And, as a reminder, PG&E will never ask for your financial information over the phone or via email.”

Throughout the COVID-19 pandemic, scammers have increased calls, texts, emails, and in-person tactics and are constantly contacting utility customers asking for immediate payment to avoid service disconnection. As a reminder, PG&E will never contact a customer for the first time within one hour of a service disconnection, and will never ask customers to make payments with a pre-paid debit card, gift card, any form of cryptocurrency, or third-party digital payment mobile applications.

“It is no surprise that scammers have been trying to take advantage of the anxiety of people coping with the pandemic,” said UUAS Founder and Executive Committee Chairman Jared Lawrence. “I am proud to report that UUAS’ education efforts and utilities’ well-publicized practices have prevented a large increase in victims. However, the continuing attempts by these criminals make it clear that we must continue to work to protect our customers.”

Scammers can be convincing and often target those who are most vulnerable, including senior citizens and low-income communities. They also aim their scams at small business owners during busy customer service hours. However, with the right information, customers can learn to detect and report these predatory scams.

Signs of a potential scam

• Threat to disconnect: Scammers may aggressively demand immediate payment for an alleged past due bill.
• Request for immediate payment: Scammers may instruct the customer to purchase a prepaid card then call them back supposedly to make a bill payment.
• Request for prepaid card: When the customer calls back, the caller asks the customer for the prepaid card’s number, which grants the scammer instant access to the card’s funds.
• Refund or rebate offers: Scammers may say that your utility company overbilled you and owes you a refund, or that you are entitled to a rebate.

How customers can protect themselves

Customers should never purchase a prepaid card to avoid service disconnection or shutoff. PG&E does not specify how customers should make a bill payment and offers a variety of ways to pay a bill, including accepting payments online, by phone, automatic bank draft, mail or in person at an authorized PG&E neighborhood payment center.

If a scammer threatens immediate disconnection or shutoff of service without prior notification, customers should hang up the phone, delete the email, or shut the door. Customers with delinquent accounts receive an advance disconnection notification, typically by mail and included with their regular monthly bill.

Signing up for an online account at pge.com is another safeguard. Not only can customers log in to check their balance and payment history, they can sign up for recurring payments, paperless billing and helpful alerts.

Scammers getting even “trickier”: Scammers are now able to create authentic-looking 800 numbers which appear on your phone display. The numbers don’t lead back to PG&E if called back, however, so if you have doubts, hang up and call PG&E at 1-800-743-5000. If customers ever feel that they are in physical danger, they should call 911.

Customers who suspect that they have been victims of fraud, or who feel threatened during contact with one of these scammers, should contact local law enforcement. The Federal Trade Commission’s website is also a good source of information about how to protect personal information.

UUAS is dedicated to combating impostor utility scams by providing a forum for utilities and trade associations to share data and best practices, in addition to working together to implement initiatives to inform and protect customers.

For more information about scams, visit www.pge.com and www.utilitiesunited.org.

About PG&E

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric energy company in the United States. Based in San Francisco, with more than 23,000 employees, the company delivers some of the nation’s cleanest energy to 16 million people in Northern and Central California. For more information, visit www.pge.com/ and http://www.pge.com/about/newsroom/.

MEDIA RELATIONS:
415-973-5930