SOLON, Ohio--(BUSINESS WIRE)--Energy Focus, Inc. (NASDAQ: EFOI), a leader in sustainable LED lighting technologies, will announce its quarterly financial results for the third quarter, which ended September 30, 2020, premarket on November 12th and will hold a conference call that day at 11 a.m. ET to discuss the results.
You can access the live conference call by dialing the following phone numbers:
Toll-free 1-877-451-6152 or
International 1-201-389-0879
Conference ID# 13712403
The conference call will be simultaneously webcast. To listen to the webcast, log on to it at: http://public.viavid.com/index.php?id=142169. The webcast will be available at this link through November 27, 2020. Financial information presented on the call, including the earnings press release, will be available on the investors section of Energy Focus’ website, investors.energyfocus.com.
About Energy Focus:
Energy Focus is an industry-leading innovator of sustainable LED lighting and lighting control technologies and solutions. As the creator of the first flicker-free LED lamps, Energy Focus develops high quality LED lighting products that provide extensive energy and maintenance savings, as well as aesthetics, safety, health and sustainability benefits over conventional lighting. Our EnFocusTM lighting control platform enables existing and new buildings to provide quality, convenient and affordable dimmable and color tunable circadian and human-centric lighting capabilities. Our patent-pending UV disinfection technologies and products, launched in October 2020, aim to provide effective, reliable and affordable UV-C disinfection solutions for buildings, facilities and homes. Energy Focus customers include U.S. and foreign navies, U.S. federal, state and local governments, healthcare and educational institutions, as well as Fortune 500 companies. Since 2007, Energy Focus has installed approximately 900,000 lighting products across U.S. Navy fleet, including TLEDs, waterline security lights, explosion-proof globes and berth lights, saving more than five million gallons of fuel and 300,000 man-hours in lighting maintenance annually. Energy Focus is headquartered in Solon, Ohio. For more information, visit our website at www.energyfocus.com.
Investor:
Hayden IR
Cameron Donahue
646-536-7331
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COLUMBUS, Ind.--(BUSINESS WIRE)--Cummins Inc. (NYSE: CMI) has announced the company received two federal grants totaling $4.6 million to advance commercialization of solid oxide fuel cell (SOFC) technology, which could play a critical role in helping commercial and industrial customers reduce their carbon impact while providing energy resiliency and cutting costs.
SOFCs can convert fossil fuels into energy much more efficiently than combustion-based processes and can also use low- and no-carbon fuels such as hydrogen to generate power. They have the potential to be a bridge to a carbon-neutral future and much more.
“We need every tool we can get to address the world’s climate challenges and other environmental issues,” said Thad Ewald, Vice President of Corporate Strategy at Cummins. “Solid oxide fuel cells give our customers another way to achieve their environmental sustainability goals.”
SOFCs use a ceramic electrolyte to convert the energy in a fuel to power through a series of electrochemical reactions. With a continuous supply of fuel and oxygen, the fuel cells can be linked or stacked together to power a variety of applications.
Compared to combustion processes, SOFCs are capable of converting a significantly higher percentage of a fossil fuel’s energy into electricity while producing far less heat-trapping gases and emissions than an internal combustion engine using a petroleum-based fuel, or a coal-burning power plant.
Advocates envision a day in the near future when solid oxide fuel cells regularly power major energy users like data centers, removing them from an increasingly over-burdened electrical grid.
The grants from the U.S. Department of Energy (DOE) will help fund two projects demonstrating SOFCs’ potential. A $2.6 million DOE grant will help Cummins build a 20 kilowatt (kW) small-scale SOFC power system at the University of Connecticut, fueled by natural gas but able to use multiple fuels. It will run 5,000 hours to demonstrate its durability.
That’s not a big enough SOFC system to power a data center but systems can be aggregated together to provide energy resiliency, security and availability, sufficient for not only data centers but other commercial and industrial applications and microgrids, too.
Cummins’ proposal calls for developing a system that would be available at a price point below $1,000/kW with the flexibility and robustness for use in smaller and larger systems. The proposal calls for testing to begin in 2021.
A second project funded with the help of a $2 million DOE grant will look at the cost, performance and reliability of a reversible fuel cell or R-SOFC. It can run as a traditional SOFC or as a solid oxide electrolyzer cell (SOEC) that can split steam to separate hydrogen and oxygen.
This increases Cummins’ already market leading portfolio of electrolyzers to generate hydrogen, including Proton Exchange Membrane and alkaline technologies. The DOE grant proposal calls for building on a Cummins proprietary thermal spray technology to develop an advanced metal substrate or surface resulting in a 50% cost reduction by using less metal and cutting processing costs.
Cummins is quickly emerging as the leader in SOFCs for commercial and industrial power. The company’s novel spray technology, for example, enables Cummins to achieve larger cells, higher power densities, increased reliability and lower costs. The company’s industry leading cell and stack size reduces system costs and complexity while providing a modular building block suitable for a variety of applications. The company also uses commodity stainless steel in its cells rather than more expensive and brittle ceramics used by some competitors.
The company’s work on SOFCs is consistent with PLANET 2050, Cummins’ environmental sustainability strategy adopted in 2019 to address climate change and other environmental issues. The strategy includes science-based goals aligned with the Paris Agreement to limit global temperature rise to no more than 1.5 degrees Celsius by the middle of the century.
Want to learn more about Cummins investments in SOFCs and other fuel cell technologies? Join company leaders including Chairman and CEO Tom Linebarger at 10:30 a.m. (EST) Nov. 16 for Cummins’ Hydrogen Day. Click here to register.
About Cummins Inc.
Cummins Inc., a global power leader, is a corporation of complementary business segments that design, manufacture, distribute and service a broad portfolio of power solutions. The company’s products range from diesel, natural gas, electric and hybrid powertrains and powertrain-related components including filtration, aftertreatment, turbochargers, fuel systems, controls systems, air handling systems, automated transmissions, electric power generation systems, batteries, electrified power systems, hydrogen generation and fuel cell products. Headquartered in Columbus, Indiana (U.S.), since its founding in 1919, Cummins employs approximately 61,600 people committed to powering a more prosperous world through three global corporate responsibility priorities critical to healthy communities: education, environment and equality of opportunity. Cummins serves its customers online, through a network of company-owned and independent distributor locations, and through thousands of dealer locations worldwide and earned about $2.3 billion on sales of $23.6 billion in 2019. See how Cummins is powering a world that’s always on by accessing news releases and more information at https://www.cummins.com/always-on.
Jon Mills
Cummins Inc.
Phone: 317-658-4540
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
- Get your Nexa3D casting solution today with immediate delivery
- Gain 20X productivity over all direct and indirect metal 3D printing alternatives
- Digitize your foundry; xCast is compatible with dip-shell or flask-type investment casting
- Replace expensive wax tools with xCast for faster, flexible and scalable patterns
VENTURA, Calif.--(BUSINESS WIRE)--Nexa3D, the maker of ultrafast polymer production 3D printers announced today the immediate commercial availability of xCast, a new material tailored specifically for the production of precision investment casting patterns on the NXE400 3D printer. xCast is ideal for foundry series production of small, large and complex metal parts for a variety of aerospace, defense, automotive, oil and gas and heavy industry applications, offering a toolless, faster, and more accurate alternative to traditional pattern production.
xCast is a much more economical and scalable alternative to all other direct and indirect metal 3D printing solutions on the market today, and comes with Nexa3D’s validated workflow including:
To learn more about xCast, check out this media kit and watch this video, or check out xCast at Nexa3D’s virtual booth at Formnext Connect.
Each xCast printing cycle is optimized for precision and yield using NexaX, the company’s Digital Twin Printing (DTP) software, through process interplay algorithms that ensure part performance and production consistency and higher yields while minimizing material usage and waste, and reducing energy consumption per part.
“We are thrilled to digitize parts within the investment casting process, while bringing 20X productivity gains to foundries,” said Brent Zollinger, Head of Customer Success for Nexa3D. “Having spent over two decades in the investment casting industry as a heavy user, it’s a privilege to be part of its transformation. What is particularly significant is that xCast patterns printed on the NXE 400 dramatically reduce the cost of traditional investment casting patterns by as much as 90% while being produced in one-tenth of the time.”
In a project recently completed for Arcimoto’s Fun Utility Vehicle, Nexa3D rapidly designed complex and lightweighted xCast patterns for generatively designed parts and assemblies. Multiple parts were combined to produce components that would have been impossible to make using traditional injected wax patterns. By using xCast, the weight of the vehicle's steering knuckle was reduced by 36% compared to a nine-piece weldment. With investment casting to create the part, instead of direct metal laser sintering, the knuckle was printed at a tenth of the cost and time, representing significant savings.
xCast delivers precision patterns for rapid prototyping and series production that seamlessly integrate into any production foundry’s dip-shell or flask-type investment casting process, delivering toolless, semi-hollow plastic patterns instead of wax patterns. xCast patterns are processed similarly to wax without autoclave and are flash fired from the ceramic mold. Featuring low ash content, xCast can be used to create high resolution parts with excellent surface finishes.
About Nexa3D
Nexa3D is digitizing the world’s supply chain sustainably. The company makes ultrafast industrial grade polymer 3D printers affordable for professionals and businesses of all sizes. The company's photoplastic printers are powered by its proprietary Lubricant Sublayer Photo-curing (LSPc) while its thermoplastic printers are powered by Quantum Laser Sintering (QLS), both of which increase print speed and productivity by orders of magnitude. The company’s partnerships with world-class material suppliers unlock the full potential of supply-chain approved polymers that are tailored for faster production at scale. Nexa3D’s Digital Twin Printing (DTP) software optimizes the entire additive production cycle through process interplay algorithms to ensure part performance and production consistency delivering higher yields while minimizing material usage and waste to reduce energy and carbon footprints. To learn more, visit www.nexa3d.com.
Josh Turner
Silicon Valley Communications
+1-917-231-0550
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DUBLIN--(BUSINESS WIRE)--The "Dispersing Agents Market - Growth, Trends, and Forecast (2020-2025)" report has been added to ResearchAndMarkets.com's offering.
The market for dispersing agents is expected to register a CAGR of greater than 5% globally during the forecast period.
The increasing demand from the paints and coatings industry and growing demand from the oil and gas industry have been driving the studied market's growth. On the flip side, volatile raw material costs have been hindering the growth of the market studied.
Companies Mentioned
Key Market Trends
Increasing demand from the Paints and Coatings Industry
Dispersing agents are widely used in the paints and coatings industry, and they are expected to grow rapidly during the forecast period.
Asia-Pacific Region to Dominate the Market
The Asia-Pacific region is expected to dominate the market for dispersing agents during the forecast period, as a result of the increase in demand from various end-user industries in countries, like India and China.
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Increasing Demand from the Paints and Coatings Industry
4.1.2 Growing Demand from the Oil and Gas Industry
4.2 Restraints
4.2.1 Volatile Raw Material Costs
4.2.2 Other Restraints
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
5 MARKET SEGMENTATION
5.1 Formation Type
5.1.1 Waterborne
5.1.2 Oil-borne
5.1.3 Solvent-borne
5.2 End-user Industry
5.2.1 Paints and Coatings
5.2.2 Oil and Gas
5.2.3 Construction
5.2.4 Pulp and Paper
5.2.5 Textile
5.2.6 Other End-user Industries
5.3 Geography
5.3.1 Asia-Pacific
5.3.1.1 China
5.3.1.2 India
5.3.1.3 Japan
5.3.1.4 South Korea
5.3.1.5 Rest of Asia-Pacific
5.3.2 North America
5.3.2.1 United States
5.3.2.2 Canada
5.3.2.3 Mexico
5.3.3 Europe
5.3.3.1 Germany
5.3.3.2 United Kingdom
5.3.3.3 Italy
5.3.3.4 France
5.3.3.5 Rest of Europe
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle East & Africa
5.3.5.1 Saudi Arabia
5.3.5.2 South Africa
5.3.5.3 Rest of Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers, Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/sdxdm2
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DES MOINES, Iowa--(BUSINESS WIRE)--Dominion Energy Gas Holdings, LLC (the “Company”), a wholly owned subsidiary of Berkshire Hathaway Energy, today announced plans to withdraw its 2014 Series C 4.6% Senior Notes (the “Notes”) from listing on the New York Stock Exchange (NYSE). Dominion Energy Gas Holdings, LLC, which is filing later today amendments to its Articles of Association to change its name to Eastern Energy Gas Holdings, LLC, has decided to withdraw the listing to reduce administrative requirements and has not arranged for listing or registration on another national securities exchange or for quotation of its security in a quotation medium. Dominion Energy Gas Holdings, LLC plans to file a Notification of Removal from Listing on Form 25 with the Securities and Exchange Commission (SEC) on or about November 12, 2020. The Company anticipates that the withdrawal will be effective 10 days after the Form 25 is filed, and that NYSE will suspend trading in its Notes before the market opens on November 23, 2020. As a result, the Company expects that the last trading day of the Notes on the NYSE will be on or about November 20, 2020.
Forward-looking Statements
This news release contains statements that do not directly or exclusively relate to historical facts. These statements 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. Forward-looking statements can typically be identified by the use of forward-looking words, such as “will,” “may,” “could,” “project,” “believe,” “anticipate,” “expect,” “estimate,” “continue,” “intend,” “potential,” “plan,” “forecast” and similar terms. These statements are based upon Dominion Energy Gas Holdings, LLC’s current intentions, assumptions, expectations and beliefs and are subject to risks, uncertainties and other important factors. Many of these factors are outside the control of Dominion Energy Gas Holdings, LLC and could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those expectations include the impact of natural disasters and weather effects on revenues and other operating uncertainties, uncertainties relating to economic, political and business conditions and uncertainties regarding the impact of laws and regulations, including laws and regulations related to environmental protection, changes in government policy and competition. The foregoing factors that could cause Dominion Energy Gas Holdings, LLC ’s actual results to differ materially from those contemplated in the forward-looking statements included in this news release should not be construed as exclusive and should be considered in connection with information regarding risks and uncertainties that may affect Dominion Energy Gas Holdings, LLC ’s future results included in Dominion Energy Gas Holdings, LLC’s filings with the Securities and Exchange Commission, which are available at the Securities and Exchange Commission’s website (www.sec.gov). Dominion Energy Gas Holdings, LLC undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Berkshire Hathaway Energy
Media Hotline: 515-242-3022
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HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE: TDW) (“Tidewater” or the “Company”) announced today an earnings conference call has been scheduled for Friday, November 6, 2020 at 8:00 a.m. Central Time, during which President and Chief Executive Officer Quintin Kneen will discuss results for the second quarter ended September 30, 2020.
Investors and interested parties may listen to the earnings conference call via telephone by calling +1-888-771-4371 if calling from the U.S. or Canada (+1-847-585-4405 if calling from outside the U.S.) and asking for the “Tidewater” call just prior to the scheduled start time. A live webcast of the call will also be available in the Investor Relations section of Tidewater’s website at investor.tdw.com.
A replay of the conference call will be available beginning at 10:30 a.m. Central Time on October 30, 2020 and will continue until 11:59 p.m. Central Time on November 30, 2020. To access the replay, access the Investor Relations section of Tidewater’s website at investor.tdw.com.
The conference call will contain forward-looking statements in addition to statements of historical fact. The actual achievement of any forecasted results or the unfolding of future economic or business developments in a way anticipated or projected by the Company involves numerous risks and uncertainties that may cause the Company’s actual performance to be materially different from that stated or implied in the forward-looking statements. Such risks and uncertainties include, among other things, risks associated with the general nature of the oilfield service industry and other factors discussed within the “Risk Factors” section of Tidewater’s most recent Forms 10-Q and 10-K.
Tidewater owns and operates the largest fleet of Offshore Support Vessels in the industry, with over 60 years of experience supporting offshore energy exploration and production activities worldwide. To learn more, visit www.tdw.com.
Jason Stanley
Vice President Investor Relations & ESG
+1-713-470-5292
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SOURCE: Tidewater Inc.
Vibrant, forward-looking brand, reflects Leeward’s expanded renewable portfolio and future, growth trajectory
DALLAS--(BUSINESS WIRE)--Leeward Renewable Energy, LLC (“Leeward”) today announced that is has launched a refreshed logo and website to better represent the Company’s value proposition as a leading, growth-oriented renewable energy company with wind, solar and energy storage projects in energy markets across the U.S.
To initiate the branding process, Leeward conducted significant research, created internal workgroups and solicited external creative counsel to capture the true essence of the brand.
“We have worked diligently to develop a brand that communicates our mission and go-forward strategy,” said Leeward Renewable Energy Interim Chief Executive Officer Jason Allen. “Our new website and logo now accurately align with furthering our commitment as a premier renewables company, and to remaining a trusted partner and steward of the communities we serve, with an operating structure designed to support the lifecycle of our wind, solar and energy storage assets.”
The logo is a nod to Leeward’s rich history of owning and operating wind assets and it reflects the continuing growth our wind business and the Company’s expansion into solar energy. The distinctive “sail” carried over from Leeward’s legacy logo evokes the power of wind, and the “rising sun” represents solar.
The new website provides a holistic picture of Leeward’s renewable portfolio, including the Company’s heritage, its portfolio of 21 wind farms with a generating capacity of approximately 2,000 megawatts, its commitment to ESG, and its development of new wind, solar and energy storage projects, and other growth opportunities.
To view Leeward’s new website or learn more about Leeward’s renewable portfolio, visit: www.leewardenergy.com.
About Leeward Renewable Energy, LLC
Leeward Renewable Energy is a growth-oriented renewable energy company that owns and operates a portfolio of 21 wind farms across nine states, with 20 in operation and one under construction, totaling approximately 2,000 megawatts of generating capacity. Leeward is actively developing new wind, solar, and energy storage projects in energy markets across the U.S. Leeward is a portfolio company of OMERS Infrastructure, an investment arm of OMERS, one of Canada's largest defined benefit pension plans with C$109 billion in net assets (as at December 31, 2019). For more information, visit www.leewardenergy.com.
Kelly Kimberly/Liz James
Sard Verbinnen & Co.
713.822.7538/281.881.5170
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NEW YORK--(BUSINESS WIRE)--Today, The Estée Lauder Companies (ELC) announced that it has achieved Net Zero emissions and sourced 100% renewable electricity globally for its direct operations, reaching the target it set on joining RE1001. Building upon this achievement, the company has also met its goal to set science-based emissions reduction targets for its direct operations and value chain, positioning the company to take even more decisive action against climate change in the coming decade.
“Today’s announcement signals a new level of ambition and dedication to climate action for The Estée Lauder Companies. Setting ambitious targets in line with the latest climate science is testament to our values and commitment to managing our business for the long term,” said Fabrizio Freda, President and Chief Executive Officer of The Estée Lauder Companies. “In this decisive decade for climate action, we will continue to accelerate efforts to ensure a healthy, beautiful planet for generations to come.”
To achieve its Net Zero emissions and RE100 goals by 2020, ELC focused first and foremost on reducing its operational carbon footprint by deploying high-quality solutions and investing in projects bringing additional renewable energy to the grid. The portfolio approach includes signing a Virtual Power Purchase Agreement (VPPA) for 22 megawatts (MW) of wind power from the Ponderosa wind farm in Oklahoma, sealing the company’s largest renewable energy agreement to-date. The Ponderosa wind farm alone will cover more than half of the company’s electricity footprint with renewable energy technologies.
ELC further added to its global renewable energy portfolio by installing ground-mount and rooftop on-site solar arrays at its facilities around the world, bringing the company’s global total to more than 5 MW of solar capacity. In markets where ELC operations have a comparatively smaller carbon footprint, the company procured renewable energy certificates (RECs) or their international equivalent to support local renewable energy generation. To address any remaining annual emissions from operations, ELC purchased offsets from the Massachusetts Tri-City Forestry project in North America, which protects 6,500 acres of public forestland from significant commercial timber harvesting and ensures long-term sustainable management of the forest.
Helen Clarkson, Chief Executive Officer, the Climate Group, said, “We congratulate The Estée Lauder Companies on their fantastic work to switch to renewable electricity globally. When large companies like The Estée Lauder Companies set their sights on an ambitious target, they can achieve huge change at a rapid pace. This is exactly the sort of leadership we need to see in the climate decade, as we work to halve global emissions.”
ELC’s new climate targets reinforce a legacy of managing the company with a lens for the long-term and focusing on the needs of future generations. The targets address Scopes 1, 2, and 3 emissions and are independently validated and approved by the Science Based Target initiative (SBTi):
To take on the broader scope of addressing carbon impacts beyond its direct operations, ELC will build on its successes and learnings from achieving Net Zero and RE100. In doing so, the company intends to implement integrated solutions and foster joint value creation with supply chain partners and third-party manufacturers.
“The Estée Lauder Companies has been deeply committed to climate action for many years and, in 2020, we not only stayed true to our commitments, but took steps to further accelerate progress. At such a critical time for our planet and communities around the world, we know this work is more important than ever,” said Nancy Mahon, Senior Vice President, Global Corporate Citizenship and Sustainability of The Estée Lauder Companies. “The events of this year have only underscored the urgency and imperative of climate action and we’re committed to doing our part, collaborating with partners to tackle one of the greatest challenges of our time.”
For more information on ELC’s commitments and targets on climate, visit the fiscal year 2020 Citizenship and Sustainability Report.
Cautionary Note Regarding Citizenship and Sustainability Information:
This press release contains information about our citizenship and sustainability goals and efforts. Achievement of the goals involves certain risks and uncertainties, such as changes in our business (e.g., acquisitions, divestitures or new manufacturing or distribution locations), the standards by which achievement is measured, the assumptions underlying a particular goal and our ability to accurately report particular information. Actual results could differ from our stated goals or the results we expect. We also may change, or decide not to pursue, certain goals or initiatives. Moreover, the standards by which citizenship and sustainability efforts and related matters are measured are developing and evolving, and certain areas are subject to assumptions. The standards and assumptions could change over time. In addition, statements made about the company, its business or efforts may not apply to all business units (e.g., ones that are recently acquired). We assume no responsibility to update the information contained in this press release or to continue to report any information.
About The Estée Lauder Companies Inc.
The Estée Lauder Companies Inc. is one of the world’s leading manufacturers and marketers of quality skin care, makeup, fragrance and hair care products. The Company’s products are sold in approximately 150 countries and territories under brand names including: Estée Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, M·A·C, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, RODIN olio lusso, Le Labo, Editions de Parfums Frédéric Malle, GLAMGLOW, KILIAN PARIS, BECCA, Too Faced and Dr. Jart+.
ELC-C
ELC-I
1 ELC joined the RE100 campaign in 2017. Please see www.there100.org for more information.
Media: Bari Seiden-Young
(212) 572-4475
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The platform will help the retailer increase revenue and drive better customer engagement
ATLANTA--(BUSINESS WIRE)--#convenienceretail--PDI (www.pdisoftware.com), a global provider of enterprise software solutions to the convenience retail, wholesale petroleum, and logistics industries, announced that Jacksons Food Stores has selected PDI Insights Cloud, formerly SwiftIQ, to enhance supplier collaboration and drive profitable merchandise promotions, placement, and pricing.
Jacksons has been a PDI customer for decades and recently expanded its relationship with the software company to include Insights Cloud. The solution, which was released globally in June, allows the multi-site retailer to gain actionable insights from real-time transaction- and basket-level data. In addition, Jacksons’ suppliers can access and analyze the same data, enabling them to partner more effectively with the retailer and deliver revenue-generating results.
"With over 260 stores across six states, our business serves many guests and generates an incredible amount of data points," said Ben Wynkoop, senior vice president of Marketing and Merchandising for Jacksons Food Stores. "PDI's platform helps us turn all that data into valuable insights about what our guests want. Now, we're able to work closely with our CPG partners to understand our guests' needs and adjust our merchandising strategies for assortment, pricing, and promotion to localize our tactics to best serve our guests in each store."
Insights Cloud also gives suppliers a competitive edge by providing access to category data that helps them understand how their products are performing against other brands.
In addition to the transaction-level insights, PDI is also integrating loyalty data into Jacksons’ customized solution. This allows the chain to analyze shopper behavior and satisfy consumer preferences based on various loyalty customer segments.
“We’re excited to continue providing Jacksons with the solutions they need to increase operational efficiency and drive more revenue for their business,” said Jamie Hudson, senior vice president, and general manager, Offers and Insights at PDI. “Retailers have wanted a way to improve collaboration with their suppliers and gain the insights they need to reach and engage consumers on a deeper level, and Insights Cloud does exactly that.”
About PDI
Professional Datasolutions, Inc. (PDI) helps convenience retailers and petroleum wholesalers thrive through digital transformation and enterprise software that enables them to grow topline revenue, optimize operations and unify their business across the entire value chain. Over 1,500 customers in more than 200,000 locations worldwide count on our leading ERP, logistics, fuel pricing and marketing cloud solutions to provide insights that increase volume, margin and customer loyalty. PDI owns and operates the Fuel Rewards® loyalty program that is consistently ranked as a top-performing fuel savings program year after year. For more than 35 years, our comprehensive suite of solutions and unmatched expertise have helped customers of any size reimagine their enterprise and deliver exceptional customer experiences. For more information about PDI, visit www.pdisoftware.com.
Cederick Johnson, PDI
+1 254.410.7600 I This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "Iraq Projects, H2 2020 with COVID-19 Impact Update - MEED Insights" report has been added to ResearchAndMarkets.com's offering.
With vast oil and gas reserves, a large well-educated workforce, and about $450bn of major Projects, planned or underway, there is no doubting the huge potential of the Iraq market for anybody looking for new project opportunities in the Middle East. The reality however is that the country's vast potential has been undermined for decades by war, insurrection and sanctions, leaving it facing major political, economic and capacity challenges.
An improvement in Iraq's security situation in 2018 following its "liberation" from the Islamic State in Iraq and Syria (Isis) in December 2017, combined with an improving economic outlook, gave Iraqis hope that perhaps they could look forward to a period of stability during which they could start rebuilding their country.
But the joint issues of Covid-19 and falling oil prices have created a fiscal crisis as the government struggles to meet its financial commitments. Projects have had to be delayed as Baghdad prioritises social expenditure. At the same time, crude prices around $40 a barrel and OPEC quotas on production have meant that the Oil Ministry has asked the various international oil companies to slow down project expenditure and pare back output, further limiting the Projects, market.
Like elsewhere in the region, falling state revenues have placed a greater emphasis on bringing greater private sector participation in the Projects, market either through public-private-partnerships (PPPs) or attracting direct foreign investment in Projects,.
However, the political and security situation and lack of regulations make the successful implementation of PPP Projects, extremely challenging no matter what the support. Instead, the Projects, that are more likely to proceed are those which have funding support from international development banks and funds. Recent successful major Projects, like the Basra refinery upgrade project are examples where direct foreign funding can provide a way forward for much needed infrastructure development in the country.
Reasons to Buy
Key Topics Covered:
Preface
Iraq Country Overview
Impact of COVID-19
For more information about this report visit https://www.researchandmarkets.com/r/8st7kh
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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First-of-its-kind following robot, gita to roll out at Cincinnati’s CVG International Airport, with Lexington, KY’s innovative food delivery company Delivery Co-op and at one of Doğan’s largest retail malls and marinas in Turkey
BOSTON--(BUSINESS WIRE)--Today, Piaggio Fast Forward (PFF) announces its first enterprise test programs which introduce gita, the innovative following robot for business applications. While gita is already introduced to the consumer market, PFF is excited to launch a series of scalable pilot programs with partners across select industries including travel, hospitality, real estate, retail, local food delivery and more in an effort to expand how gita assists consumers and employees in commercial spaces.
"Robots are more acceptable and desirable than ever before for both personal use as a consumer and for businesses,” said Greg Lynn, PFF’s Chief Executive Officer. “At Piaggio Fast Forward, we develop robotics that are ready for the market and in the world being used without the need for remote oversight or piloting. Instead of replacing humans we empower them. With gita, human efficiency increases exponentially as people can walk further, faster and more frequently. We are limited to campuses but are ready for immediate use in retail, residential and commercial environments where we can bring immediate return on investment by bringing efficiency in human performance with robots that move with people safely rather than treating people as obstacles to be replaced."
Having launched to market in 2019, gita helps consumers rethink personal mobility and with these pilot programs, gita and PFF are impacting mobility solutions at a greater scale. The partners include:
Michele Colaninno, PFF’s Founder and Chairman of the Board, commented, “These pilot programs are a testament to the excitement and energy that a product like gita brings to folks. The gita robot is a new tool for a new today and sits at the intersection of new urbanism, helper robots and the human mobility revolution. Today robots are more acceptable and desirable than ever before for both personal use as a consumer and increasingly, at scale as an assistive device in retail, residential and commercial environments. This corresponds precisely with our ideas at PFF: robotic intelligence and human beings must cooperate and develop a mutually beneficial relationship in order to create a better world for tomorrow."
Designed to increase and support greater mobility and capable of carrying up to 40 pounds, at up to six miles per hour, gita is developed with walkability in mind as hands-free walking leads to fun, freedom and exploration. PFF continues to look forward to unlocking walkability in mixed-use developments and communities, enabling curbside convenience, supporting retail experiences and providing an experience where robots assist and empower people to be more efficient. These pilot programs will showcase gita as a progressive vision of a healthy local lifestyle powered by a new micro mobility ecology where people and robots move together.
More information on gita pilot program partners will be announced shortly.
Shop gita
gita is available for consumers at a retail price of $3,250. Please visit mygita.com to place your order or learn more about gita.
About Piaggio Fast Forward
Piaggio Fast Forward was founded in 2015 by the Piaggio Group, the Italian manufacturer behind the iconic Vespa, with a mission to build technology products that move the way people move. Its vision is of a sustainable mobility ecology with healthy lifestyles and social connectivity available to all, regardless of age or abilities. PFF’s first product, the gita robot launched in November 2019. PFF is headquartered in Boston, Massachusetts and recently opened its first facility featuring 10,000 square feet of assembly and production space. For more information, please visit piaggiofastforward.com.
About Piaggio Group
Established in 1884, Piaggio Group is the largest scooter and motorcycle manufacturer in Europe and one of the global leaders in the sector. The Piaggio Group has been listed on the Italian stock exchange since 2006 and has three main business lines: 2 and 3 wheelers (scooters and motorcycles), light commercial vehicles and robotics (PFF). The Group’s portfolio includes some of the most iconic and famous brands in the light mobility industry, such as: Piaggio, Vespa, Moto Guzzi, Gilera, Derbi, Ape and Piaggio Commercial. Piaggio Group counts more than 6,600 employees, it has distribution in more than 100 countries and six industrial plants (in Italy, India, China and Vietnam). The Group also has four research and development centers, which employ approximately 1,000 people.
For more information about gita and these pilot programs, or to speak with a representative from PFF, please reach out.
Media Contacts
PFF: Elizabeth Murphy / This email address is being protected from spambots. You need JavaScript enabled to view it./ (310) 272-6371
M&C Saatchi: Matt Draper / This email address is being protected from spambots. You need JavaScript enabled to view it. / (303) 250-3914
Pilot Program Contact
PFF: Gary DiLeo / This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "Qatar Projects, H2 2020 with COVID-19 Impact Update - MEED Insights" report has been added to ResearchAndMarkets.com's offering.
Like most other Projects, markets in the GCC, Qatar has been hit by the Covid-19 pandemic. In the period March-May public sector tendering slowed to a crawl and few Projects, were awarded.
However, the market picked up again in June and July. Contract awards in the first six months of the year were just 10 per cent down on the same period in 2019 and considerably higher than the first half of 2018.
A major driver of this is of course with FIFA 2022 World Cup. With just over two years to go, Doha has little choice but to maintain spending on various associated infrastructure Projects, to ensure the event will be a success. Roads, sewerage, and drainage are at the receiving end of billions of dollars of investment to ensure the state has the capacity and capability of hosting the hundreds of thousands of fans expected to come for the tournament.
An even bigger fillip is expected in the form of the $20bn-plus investment in the forthcoming LNG programme. Awards on the main EPC packages were originally forecast for this year but even if they come in 2021, they have the potential to more than double the size of the market and provide a considerable stimulus to the local economy.
Longer term, there are still question marks over what will happen to the Projects market once the World Cup is over. This is an issue for which there is still no clear answer, and which the government is expected to reveal over the next two years as part of its 2030 Vision which will drive a large part of the future project programme.
Reasons to Buy
Key Topics Covered:
Preface
Qatar Country Overview
Impact of COVID-19 and Latest Forecasts
For more information about this report visit https://www.researchandmarkets.com/r/40s1vw
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DUBLIN--(BUSINESS WIRE)--The "United States Bunker Fuel Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The United States bunker fuel market is expected to grow at a CAGR of more than 10% over the forecast period.
The market is driven by rising maritime transportation of essential commodities, implementation of the stricter environmental regulations driving the demand for cleaner bunker fuels, and the increase in the use of marine vessels for offshore oil and gas developments. However, the trade tension began between the United States and China in 2018 due to the setting of high tariffs and other trade barriers, which is expected to restrain the market.
Key Market Trends
Very-Low Sulfur Fuel Oil (VLSFO) Segment is Expected to Witness Significant Growth
The refining industry players in the country have indicated that they have enough infrastructure to meet the low-Sulphur conventional fuel requirements according to IMO regulations. The LNG bunkering infrastructure in the country is also relatively un-developed. Hence, conventional fuel is expected to maintain dominance in the bunker fuel industry during the forecast period.
Growth of Natural Gas Trade is Likely to Drive the Market
LNG or natural gas is a cleaner form of energy emitting lesser carbon particles than other petroleum products or other fossil fuels, like coal.
Competitive Landscape
The United States bunker fuel market is moderately consolidated. Some of the major players in the market include Exxon Mobil Corporation, Royal Dutch Shell PLC, Chevron Corporation, Clipper Oil Company, and NuStar Energy L.P.
For more information about this report visit https://www.researchandmarkets.com/r/5ixjsv
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LONDON--(BUSINESS WIRE)--#GlobalOilfieldDrillingDerrickandMastMarket--The oilfield drilling derrick and mast market is poised to grow by USD 5.42 million during 2020-2024 progressing at a CAGR of almost 3% 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 oilfield drilling derrick and mast 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, the latest trends and drivers, and the overall market environment. The market is driven by an increase in oil and gas E&P activities.
The oilfield drilling derrick and mast market analysis includes the application segment geography landscape. This study identifies the growing upstream investment as one of the prime reasons driving the oilfield drilling derrick and mast 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 Oilfield Drilling Derrick and Mast market covers the following areas:
Oilfield Drilling Derrick and Mast Market Sizing
Oilfield Drilling Derrick and Mast Market Forecast
Oilfield Drilling Derrick and Mast Market Analysis
Companies Mentioned
Key Topics Covered:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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/
DUBLIN--(BUSINESS WIRE)--The "Wind Turbine Maintenance Market - By Application (Onshore, Offshore)- Global Industry Perspective Comprehensive Analysis and Forecast 2020 - 2026" report has been added to ResearchAndMarkets.com's offering.
According to this report, global demand for Wind Turbine Maintenance market was valued at approximately USD 12.9 billion in 2019, and is expected to generate revenue of around USD 28.8 billion by end of 2026, growing at a CAGR of around 12.2% between 2020 and 2026.
Wind turbine is the device which converts kinetic energy of wind to electrical energy. It is majorly used for power generation. Small turbines are used for battery charging, traffic signals, auxiliary power for boats. Larger turbines are generally used to a domestic power supply. Wind is a renewable, clean and free source of energy. Wind turbine can be used as one of the alternatives for power generation.
Increasing demand for power around the world is expected to drive the wind turbine maintenance market across the globe. Stringent governmental regulations and growing awareness regarding environment is expected to drive the market within the forecast period. Increasing operational and maintenance cost of the wind turbines is expected to be a restraining factor for the market growth. Nonetheless, huge investments in wind onshore and offshore projects is expected to raise the demand for wind turbine maintenance market over the years..
The global wind turbine maintenance market can be categorized on the basis of applications and geography. The application market segment has been categorized into onshore and offshore. Onshore wind turbine is the inexpensive renewable energy source. Offshore wind turbines are stronger and steadier electricity generator. These are generally used to convert wind energy into power.
Geographically, the global wind turbine maintenance market has been segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Asia Pacific accounted for the largest market for wind turbine maintenance in 2015 it is expected to boost the market across the globe. Europe is emerging as good market place due to ample opportunities in wind power generation.
Key Topics Covered:
1. Preface
2. Executive Summary
2.1. Wood and Laminate Flooring Market, 2016 - 2026, (USD Billion)
2.2. Wood and Laminate Flooring Market: Snapshot
3. Global Wood and Laminate Flooring Market - Industry Analysis
3.1. Wood and Laminate Flooring Market: Market Dynamics
3.2. Market Drivers
3.2.1. Growing building and construction industry
3.2.2. Increased disposable incomes
3.3. Restraints
3.3.1. Volatile cost of raw materials
3.4. Opportunity
3.4.1. Emerging demand from emerging economies
3.5. Porter's Five Forces Analysis
3.6. Market Attractiveness Analysis
3.6.1. Market attractiveness analysis by Application segment
3.6.2. Market attractiveness analysis by regional segment
4. Global Wood and Laminate Flooring Market - Competitive Landscape
4.1. Company market share analysis
4.1.1. Global Wood and Laminate Flooring market: company market share analysis, 2019
4.2. Strategic development
4.2.1. Acquisitions & mergers
4.2.2. New Wood and Laminate Flooring Type launches
4.2.3. Agreements, partnerships, collaborations and joint ventures
4.2.4. Research and development and regional expansion
5. Global Wood and Laminate Flooring Market - Application Segment Analysis
5.1. Global Wood and Laminate Flooring market overview: by Application
5.1.1. Global Wood and Laminate Flooring market revenue share, by Application, 2019 and 2026
5.2. Residential
5.2.1. Global Wood and Laminate Flooring market by Residential, 2016-2026 (USD Billion)
5.3. Non-Residential
5.3.1. Global Wood and Laminate Flooring market by Non-Residential, 2016-2026 (USD Billion)
5.4. Others
5.4.1. Global Wood and Laminate Flooring market by Others, 2016-2026 (USD Billion)
6. Global Wood and Laminate Flooring Market - Regional Analysis
6.1. Global Wood and Laminate Flooring market overview: by region
6.1.1. Global Wood and Laminate Flooring market revenue share, by region, 2019 and 2026
6.2. North America
6.3. Europe
6.4. Asia Pacific
6.5. Latin America
6.6. Middle East & Africa
7. Company Profiles
7.1. Armstrong World Industries.
7.2. Bruce
7.3. Greenlam Industries
7.4. Flooring Innovations
7.5. Accord Floors
7.6. Home Legend
7.7. Eurotex
7.8. Millstead
7.9. Mohawk
7.10. Westwood
For more information about this report visit https://www.researchandmarkets.com/r/fn6agi
ResearchAndMarkets.com
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TULSA, Okla.--(BUSINESS WIRE)--Beta Crude Connector, LLC (BCC), through its Manager, Frontier Midstream Solutions IV, LLC, today announced an Open Season for its FERC regulated, crude oil pipeline located in Andrews, Ector, Martin and Midland Counties, Texas (the BCC system). Upon completion of the full system build-out, the BCC system will consist of approximately 100 miles of crude oil transportation pipeline and approximately 200,000 barrels of operational storage. The BCC system will have the capacity to accept over 150,000 barrels per day of crude oil from numerous lease tank batteries and other field receipt points in the Midland Basin of West Texas for delivery to multiple downstream pipelines, providing access to local refineries, Cushing, Oklahoma, and the U.S. Gulf Coast.
Open Season
BCC intends to conduct an Open Season to obtain long-term acreage dedications for the BCC system, which is projected to go into service in the first quarter of 2021.
Open Season Process
The Open Season is scheduled to begin on November 1, 2020 and end on November 30, 2020. All bids must be submitted to BCC by 5:00 p.m., Central Time, on or before November 30, 2020. Additional information regarding the BCC system and the Open Season can be found at (www.frontierenergyllc.com). All requests for Open Season documents, presentation of bids, and other correspondence should be directed to:
Greg Lamberson
Vice President of Planning
(918) 388-8431
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Disclaimer
This notification along with any and all documents related Open Season is provided for informational purposes only. Notwithstanding anything contained herein to the contrary, this notification, any related agreements and any other documents related to the Open Season are not intended to constitute, nor shall they be construed to constitute, an offer or any binding obligation whatsoever on BCC. BCC reserves the right, in its sole discretion, to modify, terminate or extend the Open Season, in whole or in part, at any time and without advance notice, including without limitation, any ensuing discussions with any recipient of any documents relating to the Open Season. BCC further reserves the right to modify or supplement any of the documents associated with the Open Season without notice.
Under no circumstances shall BCC or any of its members or any of its or their affiliated companies or any of its or their respective directors, officers, employees, agents, attorneys, advisers and representatives be responsible for any costs or expenses incurred by any recipient of any documents associated with the Open Season or any other liability incurred by any such recipient in connection with any investigation or evaluation of the project.
Greg Lamberson
Vice President of Planning
(918) 388-8431
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DUBLIN--(BUSINESS WIRE)--The "Crude Oil Carriers Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The crude oil carriers market is expected to register a CAGR of over 2.5% during the forecast period.
Crude oil carriers or tankers are specialized ships, build to carry hydrocarbon liquids, ranging from crude oil to refined products. The carriers are majorly segregated based upon its deadweight metric ton (dwt) and is classified into Panamax (55,000 - 84,999 dwt), Aframax (85,000 - 124,999 dwt), Suezmax (125,000 - 199,999 dwt), and Very Large Crude Carriers/Ultra Large Crude Carriers (200,000 - 3200,000+ dwt).
Companies Mentioned
Key Market Trends
Very Large Crude Carrier to Dominate the Market
VLCC have a size rang between 180,000 to 320,000 DWT, and are capable of passing through the Suez Canal in Egypt, for which these carrier are extensively used around the North Sea, Mediterranean and West Africa. Its dimensions is of 470 m in length, beam of up to 60 m, and a draught of up to 20 m.
Europe to Dominate the Market
Europe has the maximum number of crude tankers, followed by Asia-Pacific. With around 55% of total crude oil tankers, Europe has the highest deadweight tons of tankers around the world.
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET OVERVIEW
4.1 Introduction
4.2 Crude Carrier Forecast in USD billion, till 2025
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.2 Restraints
4.6 Industry Supply Chain Analysis
4.7 Porter's Five Forces Analysis
5 MARKET SEGMENTATION
5.1 Size
5.1.1 Medium Range
5.1.2 Panaxax
5.1.3 Aframax
5.1.4 Suezmax
5.1.5 Very Large Crude Carriers and Ultra Large Crude Carriers
5.2 Geography
5.2.1 North America
5.2.2 Europe
5.2.3 Asia-Pacific
5.2.4 South America
5.2.5 Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/qskzpv
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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AUSTIN, Texas--(BUSINESS WIRE)--Astrotech Corporation (NASDAQ: ASTC), today announced that it has closed its previously announced registered direct offering priced at-the-market under Nasdaq rules of 2,887,906 shares of its common stock at a price of $2.15 per share for aggregate gross proceeds of $6.2 million. The Company intends to use the net proceeds from this offering for continuing operating expenses and working capital.
H.C. Wainwright & Co. acted as the exclusive placement agent for the offering.
The shares of common stock were offered by Astrotech pursuant to a "shelf" registration statement on Form S-3 (File No. 333-226060) previously filed with the Securities and Exchange Commission (the "SEC") on July 3, 2018 and declared effective by the SEC on August 20, 2018. The offering of the securities was made only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement. A final prospectus supplement and accompanying prospectus relating to the shares of common stock being offered was filed with the SEC. Electronic copies of the final prospectus supplement and accompanying prospectus may be obtained on the SEC's website at www.sec.gov or by contacting H.C. Wainwright & Co., LLC at 430 Park Avenue, 3rd Floor, New York, NY 10022, by phone at (646) 975-6996 or e-mail at This email address is being protected from spambots. You need JavaScript enabled to view it..
This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.
Astrotech (NASDAQ: ASTC) is a science and technology development and commercialization company that launches, manages, and builds scalable companies based on innovative technology in order to maximize shareholder value. 1st Detect develops, manufactures, and sells trace detectors for use in the security and detection market. AgLAB is developing chemical analyzers for use in the agriculture market. BreathTech is developing a breath analysis tool to provide early detection of lung diseases. Astrotech is headquartered in Austin, Texas. For information, please visit www.astrotechcorp.com.
Forward-Looking Statements
This press release contains forward-looking statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks, trends, and uncertainties that could cause actual results to be materially different from the forward-looking statement. These factors include, but are not limited to, market and other conditions, the severity and duration of the COVID-19 pandemic and its impact on the U.S. and worldwide economy, the timing, scope and effect of further U.S. and international governmental, regulatory, fiscal, monetary and public health responses to the COVID-19 pandemic, the Company’s use of proceeds, whether we can successfully complete the development of our new products and proprietary technologies, whether we can obtain the FDA and other regulatory approvals required to market our products under development in the United States or abroad, and whether the market will accept our products and services, as well as other risk factors and business considerations described in the Company’s Securities and Exchange Commission filings, including the annual report on Form 10-K. Any forward-looking statements in this document should be evaluated in light of these important risk factors. In addition, any forward-looking statements included in this press release represent the Company’s views only as of the date of its publication and should not be relied upon as representing its views as of any subsequent date. The Company assumes no obligation to update these forward-looking statements, except as required by law.
Eric Stober, Chief Financial Officer, Astrotech Corporation, (512) 485-9530
FERGUS FALLS, Minn.--(BUSINESS WIRE)--Today Otter Tail Power Company filed a request to increase its rates with the Minnesota Public Utilities Commission (PUC). The filing starts an approximately 18-month process, often referred to as a rate case, during which the PUC reviews the costs the company incurs to provide customers with energy and related services and then determines the appropriate prices for using those services.
“We’re creating a cleaner energy future while keeping the prices our customers pay among the lowest in the nation,” said Otter Tail Power Company President Tim Rogelstad. “Making this request now better prepares us for long-term success in providing safe, reliable, low-cost electricity to our customers.”
Cleaner energy, smarter technologies, and rising costs drive decision
Prudent investment in cleaner energy generation primarily is driving this request. The Merricourt Wind Energy Center, a 150-MW wind generation facility in southeast North Dakota, and Astoria Station, a 245-MW simple-cycle natural gas combustion turbine in east central South Dakota, are part of the company’s plan to meet customers’ future energy and capacity needs, replace expiring power purchase agreements, and prepare for the 2021 retirement of the 1950s-era coal-fired Hoot Lake Plant in Fergus Falls, Minnesota. The company currently anticipates the Merricourt Wind Energy Center will begin commercial operation by the end of 2020, and Astoria Station likely will begin commercial operation in the first quarter of 2021. “Astoria Station complements our wind resources by providing a low-emission option when the wind isn’t blowing,” said Rogelstad. “Backing wind with natural gas captures the low-cost energy made possible by the current market for wind generation while helping to ensure sufficient reliability from resources we can ramp up quickly during periods of high energy demand.”
Continued focus on enhancing customer experience also is part of the request. A recently implemented Customer Information System allows customers more access and options related to their energy use and the company’s services.
“Our low rates are not an accident,” said Rogelstad. “They’re a direct result of our long history of mindful operations and making the right investments at the right times.” The company filed its last Minnesota rate review in 2016.
Typical residential customer’s monthly bill would increase approximately $7.75
Otter Tail Power Company requested permission to increase non-fuel rates by approximately $14.5 million, or 6.77 percent. If the PUC approves the overall request as filed, a typical residential customer’s bill would increase by approximately $7.75 a month, and a typical business customer’s bill would increase by approximately $26 a month. The increase would be more for some customers and less for others depending on the rates on which they are served and the amount of energy they use.
While the PUC considers Otter Tail Power Company’s overall request, the company asked to increase rates on an interim basis beginning January 1, 2021. In January customers will receive information with their electric service statements showing the requested overall rate increase and example interim monthly bill impacts for various customer types. The interim rates would remain in effect until early 2022. If final rates are lower than interim rates, the company will refund customers the difference with interest. If final rates are higher than interim rates, the company will not collect the difference.
The PUC will hold a public hearing related to the request and will post the hearing schedule on its website. Otter Tail Power Company also will post the hearing schedule and provide additional details about its rate review request at otpco.com/MNRateReview.
Save energy, save money
Otter Tail Power Company encourages customers to stay one step ahead in terms of saving energy and money by:
Customers can find options to save energy and money at otpco.com/WaysToSave.
This news release is available on our website at otpco.com/newsroom.
Risk Factors and Forward-Looking Statements that Could Affect Future Results
The information in this release includes certain forward-looking information, including approval of regulatory rates, expectations on commercial operations and expectations on costs to customers, made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “would,” “expect,” “anticipate,” “continue,” “estimate,” “project,” “believes” or similar expressions are intended to identify forward-looking statements within the meaning of the Act. We believe our expectations are based on reasonable assumptions which entail various risks and uncertainties that could cause actual results to differ materially from those expectations, Actual results may differ materially from those contemplated by the forward-looking statements due to, among other factors, the risks and uncertainties set forth in Item 1A, Risk Factors, in Otter Tail Corporation’s 2019 report on Form 10-K and in its other SEC filings.
Otter Tail Power Company, a subsidiary of Otter Tail Corporation (Nasdaq Global Select Market: OTTR), is headquartered in Fergus Falls, Minnesota. With a balanced commitment to environmental, economic, and community stewardship, the company provides electricity and energy services to approximately 230,000 people in Minnesota, North Dakota, and South Dakota. To learn more about Otter Tail Power Company visit otpco.com. To learn more about Otter Tail Corporation visit ottertail.com.
Stephanie Hoff
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218-739-8535 (office)
218-205-6179 (after hours)
NEW YORK--(BUSINESS WIRE)--Tortoise Acquisition Corp. II (the “Company”) announced today that commencing November 2, 2020, holders of the units sold in the Company’s initial public offering may elect to separately trade the Class A ordinary shares and redeemable warrants included in the units. Each unit consists of one Class A ordinary share, par value $0.0001 per share, and one-fourth of one redeemable warrant. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. The Class A ordinary shares and redeemable warrants that are separated will trade on the New York Stock Exchange (the “NYSE”) under the symbols “SNPR” and “SNPR WS,” respectively. Those units not separated will continue to trade on the NYSE under the symbol “SNPR.U.” Holders of the units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the holders’ units into Class A ordinary shares and redeemable warrants.
The units were initially offered by the Company in an underwritten offering. Barclays and Goldman Sachs & Co. LLC acted as joint book-running managers for the offering. AmeriVet Securities, Inc. acted as co-manager for the offering.
Registration statements relating to the units and the underlying securities became effective on September 10, 2020.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities of the Company, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. A copy of the final prospectus relating to the offering may be obtained for free by visiting the U.S. Securities and Exchange Commission (the “SEC”) website at http://www.sec.gov. Alternatively, a copy of the final prospectus relating to the offering may be obtained from Barclays, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, email: This email address is being protected from spambots. You need JavaScript enabled to view it., tel: (888) 603-5847; and Goldman Sachs & Co. LLC, Attn: Prospectus Department, 200 West Street, New York, New York 10282, email: This email address is being protected from spambots. You need JavaScript enabled to view it., tel: (866) 471-2526.
ABOUT TORTOISE ACQUISITION CORP. II
Tortoise Acquisition Corp. II was formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination. The Company intends to focus its search for a target business in the broad energy transition or sustainability arena targeting industries that require innovative solutions to decarbonize in order to meet critical emission reduction objectives.
FORWARD-LOOKING STATEMENTS
This press release contains statements that constitute “forward-looking statements.” Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statements and prospectus for the Company’s initial public offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Tortoise Acquisition Corp. II
Stephen Pang
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