HOUSTON--(BUSINESS WIRE)--National Oilwell Varco, Inc. (NYSE: NOV) will hold a conference call to discuss its fourth quarter and full year 2020 results on Friday, February 5, 2021 at 10 a.m. (Central Time). NOV will issue a press release with the Company’s results after the market closes for trading on Thursday, February 4, 2021. The call will be webcast live on www.nov.com/investors.
About NOV
National Oilwell Varco (NYSE: NOV) is a leading provider of technology, equipment, and services to the global oil and gas industry that supports customers’ full-field drilling, completion, and production needs. Since 1862, NOV has pioneered innovations that improve the cost-effectiveness, efficiency, safety, and environmental impact of oil and gas operations. NOV powers the industry that powers the world.
Visit www.nov.com for more information.
Blake McCarthy
(713) 815-3535
The 5 MW Lake Herman Solar project is the first in utility’s expanded Feed-In-Tariff Program
SAN FRANCISCO--(BUSINESS WIRE)--#SEIA--After nearly two years of development, planning, and preparation, Renewable Properties, a developer and investor of small-scale utility and community solar energy projects throughout the U.S., has begun construction on the Lake Herman Solar Project, the largest in Benicia, CA. The 5 MWac (7 MWdc) utility-scale solar energy project located in Solano County, is the first to qualify for MCE’s Feed-In Tariff (FIT) Plus program. FIT Plus is an expanded wholesale energy supply program designed to provide competitive and predictable energy prices over 20-year terms for locally developed renewable energy assets.
This is the fourth utility-scale solar project Renewable Properties has developed in partnership with MCE, and the community choice provider’s first project to break ground in Solano County. The Lake Herman Solar Project will increase Benicia’s solar output by 64 percent from 7.8 MW to 12.8 MW and will begin producing locally sourced clean energy when given permission to operate in the spring of 2021.
“We see the Lake Herman Solar Project as a necessary bold step in fighting climate change,” said Elizabeth Patterson, Mayor of Benicia. “I’m proud of the collaborative effort exhibited by Renewable Properties, City staff and local stakeholders because we’ve come up with a project that significantly increases our solar output by 64 percent, protects open space and creates high-paying local union jobs.”
“We are thankful that the Benicia City Council saw the merits of the project and it being the right project in the right location,” said Aaron Halimi, President of Renewable Properties. “We worked closely with community stakeholders, MCE and City staff for over a year to revise the project design, addressing all requests and concerns. The end result is a better project and a win-win-win for all involved.”
“MCE is proud to be able to partner with Renewable Properties on our first renewable energy project built in Solano County and the City of Benicia,” said Dawn Weisz, CEO of MCE. “This project is not only MCE’s first FIT+ project under construction, but also marks the development of new clean energy, local jobs, and economic benefits in all four of the counties we serve. Since 2010 partners like Renewable Properties have helped us reinvest over $180 million back into our community through programs and projects just like this one.”
Using a single-axis tracking technology, the array’s 17,696 bifacial solar photovoltaic (PV) modules and 40 string inverters, will be installed on a 35-acre portion of a larger 88-acre property, leaving the remaining 53 undeveloped acres for continued livestock grazing protected under a deed restriction. Once complete, the solar energy project will produce enough electricity to power 1,700 single-family homes annually.
Like the recently announced Soscol Ferry Road Solar Project in neighboring Napa County, and Silveira Ranch Solar Project in Marin County; the Lake Herman solar project includes a vegetation management plan that affords the developers an opportunity to incorporate permaculture principles and a pollinator plant meadow.
About Renewable Properties:
Founded in 2017, Renewable Properties specializes in developing and investing in small-scale utility and community solar energy projects throughout the U.S. Led by experienced renewable energy professionals with development and investment experience, Renewable Properties works closely with communities, developers, landowners, utilities and financial institutions looking to invest in large solar energy systems. For more information about Renewable Properties, visit www.renewprop.com.
About MCE:
As California’s first Community Choice Aggregation Program, MCE is a groundbreaking, not-for-profit, public agency that has been setting the standard for energy innovation in our communities since 2010. MCE offers cleaner power at stable rates, significantly reducing energy-related greenhouse emissions and enabling millions of dollars of reinvestment in local energy programs. MCE is a load-serving entity supporting a 1,200 MW peak load. MCE provides electricity service to more than 480,000 customer accounts and more than one million residents and businesses in 36 member communities across four Bay Area counties: Contra Costa, Napa, Marin and Solano. For more information about MCE, visit mceCleanEnergy.org.
Philip Hall
310-430-1091
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DUBLIN--(BUSINESS WIRE)--The "Oil Refining Industry in Saudi Arabia 2020" report has been added to ResearchAndMarkets.com's offering.
"Oil Refining Industry in Saudi Arabia" is a complete source of information on Saudi Arabia crude oil refining industry. It provides refinery level information relating to existing and planned (new build) refineries such as insights and forecasts of refinery capacities, refined petroleum products production and consumption, refinery complexity factor and comparison against peer group countries in the respective region.
The report also covers complete details of major players operating in the refining sector in Saudi Arabia and in depth analysis of the latest industry news and deals.
Report Scope
Key Topics Covered:
1 Table of Contents
1.1 List of Figures
1.2 List of Tables
2 Introduction to Saudi Arabia Refining Markets
2.1 What is This Report About?
2.2 Market Definition
3 Refining Industry in Saudi Arabia
3.1 Saudi Arabia Refining Market Snapshot, 2019
3.2 Role of Saudi Arabia in Global and Regional Refining Markets
3.2.1 Contribution to Middle East and Africa and Global Refining Capacity, 2019
3.2.2 Saudi Arabia Average Nelson Complexity Factor (NCF) vs. Middle East and Africa and Global, 2019
4 Saudi Arabia Refining Market- Drivers and Restraints
4.1 Saudi Arabia Refining Industry: Trends and Issues
4.1.1 Saudi Arabia Refining Industry: Major Trends
4.2 Major Restrains of Investing in Saudi Arabia Refining Sector
5 Saudi Arabia Oil Products Demand and Supply Forecast to 2025
5.1 Saudi Arabia Refined Products Demand Forecast to 2025
5.1.1 Saudi Arabia Gasoline Demand Forecast to 2025
5.1.2 Saudi Arabia Diesel Oil Demand Forecast to 2025
5.1.3 Saudi Arabia Kerosene Demand Forecast to 2025
5.1.4 Saudi Arabia LPG Demand Forecast to 2025
5.2 Saudi Arabia Refined Products Production Forecast to 2025
6 Saudi Arabia Refinery Capacities Forecast to 2025
6.1 Location, Operator, Ownership, Startup Details of Operational Refineries in Saudi Arabia
6.1.1 Refinery Location, Operator, Ownership, Startup Details
6.2 Saudi Arabia Total Refining Capacity Historic and Forecast, 2012-2025
6.3 Saudi Arabia Refining Capacity Historic and Forecast, 2012-2025
6.4 Saudi Arabia Refinery wise Secondary Conversion Unit-1 Capacity, 2012-2025
6.5 Saudi Arabia Refinery wise Secondary Conversion Unit-2 Capacity, 2012-2025
6.6 Saudi Arabia Refinery wise Secondary Conversion Unit-3 Capacity, 2012-2025
7 Saudi Arabia Refining Industry- Future Developments and Investment Opportunities
7.1 Capital Investment Details of All Upcoming Refineries
7.2 Location, Operator, Ownership, Start Up Details of Planned Refineries in Saudi Arabia
7.2.1 Refinery Location, Operator, Ownership, Startup Details
7.3 Refinery Capacities of All Upcoming Refineries
8 Key Strategies Saudi Arabia Refining Companies
8.1 Saudi Arabia Company wise Refining Capacity Forecast, 2012-2025
9 Saudi Arabian Oil Company Company Profile
9.1 Saudi Arabian Oil Company Key Information
9.2 Saudi Arabian Oil Company Company Overview
9.3 Saudi Arabian Oil Company Business Description
9.4 Saudi Arabian Oil Company SWOT Analysis
9.4.1 Overview
9.4.2 Strengths
9.4.3 Weaknesses
9.4.4 Opportunities
9.4.5 Threats
9.5 Saudi Arabian Oil Company Financial Ratios - Capital Market Ratios
9.6 Saudi Arabian Oil Company Financial Ratios - Annual Ratios
9.7 Saudi Arabian Oil Company Financial Ratios - Interim Ratios
10 Saudi Arabia Refining Industry Latest Tenders and Contracts
11 Saudi Arabia Refining Industry Updates
12 Saudi Arabia Refining Industry Deals
For more information about this report visit https://www.researchandmarkets.com/r/pbnsnn
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DUBLIN--(BUSINESS WIRE)--The "Metering Pump Market Research Report: By Type (Diaphragm, Piston), End User (Water Treatment, Petrochemicals, Oil and Gas, Chemical Processing, Pharmaceuticals, Food and Beverage, Pulp and Paper) - Global Industry Analysis and Growth Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The metering pump market is projected to attain a value of $6.8 billion in 2030, increasing from $4.4 billion in 2019, progressing at a 3.9% CAGR during the forecast period (2020-2030).
As the population across the globe is increasing, the demand for fresh and clean water is also surging. However, owing to swift industrialization, water bodies have been polluted. This has caused a major crisis, especially in developing countries, where adequate facilities are not present for catering to the needs of people. In order to take care of this problem, governments of various countries have implemented several regulations regarding water treatment.
Since metering pumps are used widely in the water treatment sector, the global metering pump market is expected to grow at a considerable pace in the years to come. These pumps are utilized for feeding chemical additives to the wastewater for eliminating slurry, pollutants, and harmful microorganisms. Other than water treatment plants, the demand for metering pumps is also growing from the oil & gas industry. In the industry, metering pumps are utilized in the dosing of corrosion inhibitors and the extraction of natural gas & oil.
The increasing product of crude oil in the U.S., Iraq, Russia, Saudi Arabia, and many other countries is driving the demand for metering pumps. According to the U.S. Energy Information Administration, 10.96 million barrels of crude oil were produced in the U.S. in 2018. The production of crude oil is projected to grow further in the coming years. This rising production of crude oil is projected to drive the demand for metering pumps in the coming years.
When type is taken into consideration, the market is divided into piston and diaphragm, between which, the diaphragm division held the larger share of the market during the historical period (2014-2019). The division is further expected to witness the higher CAGR during the forecast period, owing to the various advantages of these metering pumps.
Diaphragm metering pumps have the ability to handle corrosive, abrasive, and flammable liquids, along with the ability to pump liquids of much-higher viscosities. In addition to this, these metering pumps are more cost-efficient and energy-efficient to operate in the long run, as compared to their counterparts. These pumps are further of two types, namely polytetrafluoroethylene (PTFE) and metallic, between which, the PTFE type accounted for the larger share of the market in 2019. These pumps are robust and flexible.
Geographically, the metering pump market was dominated by Asia-Pacific during the historical period. Within the region, India and China, accounted for the major share of the regional market, due to the industrial expansion and surging population that is creating high requirement for fresh water. The region is further expected to witness the fastest growth during the forecast period, owing to the increasing developmental activities, such as setting up of new manufacturing facilities in different industries.
In conclusion, the market is growing due to the increasing demand for metering pumps from oil & gas industry and rising need for fresh water.
Key Topics Covered:
Chapter 1. Research Background
Chapter 2. Research Methodology
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Type
4.1.1.1 Diaphragm
4.1.1.1.1 Metallic
4.1.1.1.2 PTFE
4.1.1.2 Piston
4.1.1.3 Others
4.1.2 By End User
4.1.2.1 Water treatment
4.1.2.2 Petrochemicals
4.1.2.3 Oil & gas
4.1.2.3.1 Onshore
4.1.2.3.2 Offshore
4.1.2.4 Chemical processing
4.1.2.5 Pharmaceuticals
4.1.2.6 Food & beverage
4.1.2.7 Pulp and paper
4.1.2.8 Others
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Trends
4.3.1.1 Increasing demand for energy-efficient metering pumps
4.3.2 Drivers
4.3.2.1 Strict government regulation regarding water treatment
4.3.2.2 Rising demand from oil & gas industry
4.3.2.3 Growing chemical industry
4.3.2.4 Impact analysis of drivers on market forecast
4.3.3 Restraints
4.3.3.1 Maturity of the North American and European markets
4.3.3.2 Impact analysis of restraints on market forecast
4.3.4 Opportunities
4.3.4.1 Coal bed methane reserves
4.4 Impact of COVID-19 on Metering Pump Market
4.5 Porter's Five Forces Analysis
Chapter 5. Global Market Size and Forecast
5.1 By Type
5.1.1 Diaphragm Metering Pump, by Type
5.2 By End User
5.2.1 Oil & Gas Metering Pump, by Application
5.3 By Region
Chapter 6. APAC Market Size and Forecast
Chapter 7. Europe Market Size and Forecast
Chapter 8. North America Market Size and Forecast
Chapter 9. MEA Market Size and Forecast
Chapter 10. LATAM Market Size and Forecast
Chapter 11. Competitive Landscape
11.1 List of Market Players and Their Offerings
11.2 Market Share Analysis of Key Players
11.3 Comparison of Key Players
11.4 Strategic Developments of Key Players
11.4.1 Mergers & Acquisitions
11.4.2 Product Launches
Chapter 12. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/js1cb0
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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LUXEMBOURG--(BUSINESS WIRE)--Pacific Drilling S.A. (OTC: PACDQ) announced today that it is commencing solicitation of votes on its proposed prearranged chapter 11 plan of reorganization. On November 10, the United States Bankruptcy Court for the Southern District of Texas—Houston Division (the “Bankruptcy Court”) entered an order, among other things, (i) conditionally approving the Disclosure Statement for the First Amended Joint Plan of Reorganization of Pacific Drilling S.A. and its Debtor Affiliates Pursuant to Chapter 11 of the Bankruptcy Code (the “Disclosure Statement”) and (ii) scheduling a combined hearing on December 21, 2020 to consider (a) final approval of the Disclosure Statement and (b) confirmation of the First Amended Joint Plan of Reorganization of Pacific Drilling S.A. and its Debtor Affiliates Pursuant to Chapter 11 of the Bankruptcy Code (the “Plan”). The voting deadline is December 14, 2020 at 5:00 p.m. (prevailing Central Time).
The Plan is subject to Bankruptcy Court approval and, thus, final terms of any restructuring transaction may differ. If approved, the Plan provides for the following:
This description of the Plan is qualified in its entirety by the terms of the Plan, which can be found at http://cases.primeclerk.com/PacificDrilling2020. The Bankruptcy Court has scheduled a hearing for December 21, 2020 to consider approval of the Disclosure Statement on a final basis and whether to confirm the Plan pursuant to 11 U.S.C. § 1129. If the Plan is confirmed, the Company estimates that the Effective Date of the Plan will be on or before December 31, 2020.
With approximately $120 million of cash and cash equivalents as of October 30, 2020, and seven of the most advanced high-specification drillships in the world, Pacific Drilling intends to continue its world-wide operations as usual, deliver services for existing and prospective clients and, subject to court approval, pay all obligations incurred during the Chapter 11 proceedings in full. The Company expects to emerge by year-end with access to new capital in the form of an undrawn $80 million exit facility and with over $100 million of cash and cash equivalents on hand.
Additional information regarding the restructuring and Chapter 11 proceedings, including the Plan and the Disclosure Statement can be found (i) on our website at www.pacificdrilling.com/restructuring, (ii) on a website administered by our claims, noticing, and solicitation agent, Prime Clerk LLC, at http://cases.primeclerk.com/PacificDrilling2020, or (iii) via our dedicated restructuring information line at: +1 877-930-4314 (toll free) or +1 347-897-4073 (international).
Advisors
Greenhill & Co. is acting as financial advisor, Latham & Watkins LLP and Jones Walker LLP are serving as legal counsel, and AlixPartners is acting as restructuring advisor to Pacific Drilling in connection with the restructuring. Houlihan Lokey is acting as financial advisor and Akin Gump Strauss Hauer & Feld LLP is acting as legal advisor to an ad hoc group of noteholders.
About Pacific Drilling
With our best-in-class drillships and highly experienced team, Pacific Drilling is committed to exceeding our customers’ expectations by delivering the safest, most efficient and reliable deepwater drilling services in the industry. Pacific Drilling’s fleet of seven drillships represents one of the youngest and most technologically advanced fleets in the world. For more information about Pacific Drilling, including the Chapter 11 proceedings and the Plan of Reorganization, please visit our website at www.pacificdrilling.com/Restructuring.
Forward-Looking Statements
Certain statements and information contained in this press release constitute “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, and are generally identifiable by their use of words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “forecast,” “intend,” “our ability to,” “may,” “plan,” “potential,” “predict,” “project,” “projected,” “should,” “will,” “would”, or other similar words which are not generally historical in nature. The forward-looking statements speak only as of the date hereof, and we undertake no obligation to publicly update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise.
Our forward-looking statements express our current expectations or forecasts of possible future results or events, including the potential outcome of the Chapter 11 proceedings; the future impact of the COVID-19 pandemic on our business, future financial and operational performance and cash balances; our future liquidity position and future efforts to improve our liquidity position; revenue efficiency levels; market outlook; forecasts of trends; future client contract opportunities; future contract dayrates; our business strategies and plans or objectives of management; estimated duration of client contracts; backlog; expected capital expenditures; projected costs and savings; expectations regarding the outcome of the ongoing bankruptcy proceedings of our two subsidiaries against whom the arbitration award related to the drillship known as the Pacific Zonda in favor of Samsung Heavy Industries Co. Ltd. (“SHI”) was rendered and the potential impact of the arbitration tribunal’s decision on our future operations, financial position, results of operations and liquidity.
Although we believe that the assumptions and expectations reflected in our forward-looking statements are reasonable and made in good faith, these statements are not guarantees, and actual future results may differ materially due to a variety of factors. These statements are subject to a number of risks and uncertainties and are based on a number of judgments and assumptions as of the date such statements are made about future events, many of which are beyond our control. Actual events and results may differ materially from those anticipated, estimated, projected or implied by us in such statements due to a variety of factors, including if one or more of these risks or uncertainties materialize, or if our underlying assumptions prove incorrect.
Important factors that could cause actual results to differ materially from our expectations include: the potential outcome of our Chapter 11 proceedings; evolving risks from the COVID-19 outbreak and resulting significant disruption in international economies, and international financial and oil markets, including a substantial decline in the price of oil during 2020, which if sustained would continue to have a material adverse effect on our financial condition, results of operations and cash flow; changes in actual and forecasted worldwide oil and gas supply and demand and prices, and the related impact on demand for our services; the offshore drilling market, including changes in capital expenditures by our clients; rig availability and supply of, and demand for, high-specification drillships and other drilling rigs competing with our fleet; our ability to enter into and negotiate favorable terms for new drilling contracts or extensions of existing drilling contracts; our ability to successfully negotiate and consummate definitive contracts and satisfy other customary conditions with respect to letters of intent and letters of award that the Company receives for our drillships; actual contract commencement dates; possible cancellation, renegotiation, termination or suspension of drilling contracts as a result of mechanical difficulties, performance, market changes or other reasons; costs related to stacking of rigs and costs to reactivate a stacked rig; downtime and other risks associated with offshore rig operations, including unscheduled repairs or maintenance, relocations, severe weather or hurricanes or accidents; our small fleet and reliance on a limited number of clients; the outcome of our subsidiaries’ bankruptcy proceedings and any actions that SHI or others may take in the bankruptcy or other proceedings against the Company and our subsidiaries; our ability to continue as a going concern; our ability to obtain Bankruptcy Court approval with respect to motions or other requests made to the Bankruptcy Court in the Chapter 11 proceedings; our ability to confirm and consummate the prearranged Plan; the effects of the Chapter 11 proceedings on our operations and agreements, including our relationships with employees, regulatory authorities, customers, suppliers, banks and other financing sources, insurance companies and other third parties; the length of time that the Company will operate under Chapter 11 protection and the continued availability of operating capital during the pendency of the Chapter 11 proceedings; risks associated with third-party motions in the Chapter 11 proceedings, which may interfere with our ability to confirm and consummate the prearranged Plan; increased advisory costs to execute the prearranged Plan; the potential adverse effects of the Chapter 11 proceedings on our liquidity, results of operations, or business prospects; increased administrative and legal costs related to the Chapter 11 proceedings and other litigation and the inherent risks involved in a bankruptcy process; the potential effects of the delisting of our common shares from trading on the New York Stock Exchange, including how long our common shares will trade on the over-the-counter market; the potential effects of the anticipated suspension by the Company of its reporting obligations to the Securities and Exchange Commission (“SEC”); and the other risk factors described in our 2019 Annual Report on Form 10-K filed with the SEC on March 12, 2020, as updated by our Quarterly Reports on Form 10-Q as filed with the SEC on May 8, August 7, and November 6, 2020 and subsequent filings with the SEC. These documents are available through our website at www.pacificdrilling.com or through the SEC’s website at www.sec.gov.
Investor Contact:
James Harris
Pacific Drilling S.A.
+713 334 6662
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Media Contact:
Amy L. Roddy
Pacific Drilling S.A.
+713 334 6662
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DUBLIN--(BUSINESS WIRE)--The "Naval Actuators and Valves Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The Naval Actuator and Valves Market is anticipated to grow at a CAGR of more than 4% during the forecast period.
The emergence of new technologies, such as high-performance radar and long-distance targeting systems, on the naval warfare front, has driven nations to modernize and upgrade their naval capabilities. As actuators and valves form a critical part of all naval vessel subsystems, the induction of new naval vessels would create a parallel demand for actuators and valves to ensure systems performance as per the specifications.
The increasing popularity of advanced integrated combat systems or the use in naval forces is expected to provide new opportunities for the market and is anticipated to have a positive effect on the market in focus in the upcoming period.
Key Market Trends
Increasing Naval Fleet of the Armed Forces
Due to the profound changes in the international strategic landscape, the configuration of the international security system has been undermined by the growing hegemonism, unilateralism, and power politics that has fueled several ongoing global conflicts. Military powerhouses, such as the US, UK, China, and India, have been focused on augmenting their naval firepower and several fleet modernization and procurement contracts are underway to address the evolving threats to their national security.
In March 2019, the US expedited its plans to achieve a proposed 355-ship fleet. The new plans outlined a rough annual expenditure of USD 40 billion for fleet maintenance. According to its 30-year shipbuilding plan, the US envisions to procure 55 new ships to achieve an effective fleet-size of 314 ships by 2024. In the Asia-Pacific region, prominent countries such as China and India are also enhancing their naval fleet size and capabilities to achieve technological superiority over their rival countries.
North America to Dominate the Market During the Forecast Period
The FY2020 budget request of the Pentagon includes provisions for USD 205.6 billion to be allocated to the US Navy. In comparison with the naval budget allocation in FY 2019, the fund allocation witnessed a growth of 5.08%. The market is driven by the procurement of advanced weaponry by the US Navy to achieve military dominance in the region, besides ensuring internal peace and security. The US has invested its vast technological prowess toward the indigenous development of several weapon systems to foster its military prowess over all dominion - land, air, and water.
Competitive Landscape
The emerging security environment, fueled by the growing geopolitical unrest in several countries, is resulting in the growing demand for advanced naval systems. To gain long-term contracts and expand global presence, players are investing significantly toward the procurement of new naval assets.
Furthermore, continuous R&D has been fostering the advancements of accuracy and efficiency of subsystems and other technologies integrated onboard the naval vessels. For instance, in May 2018, Bosch Rexroth AG launched a new subsea hybrid valve actuator that is compatible with Industry 4.0 technology and features a mechanical override that allows valves to be manually opened and closed. The valve is claimed to have an operational life cycle of around 25 years with minimum maintenance.
The naval actuators and valves market is fragmented, with many global players present in the market. Some of the prominent players in the market studied include MOOG Inc., Honeywell International Inc., Rotork plc, Emerson Electric Co., and Curtiss-Wright Corporation, among others.
Key Topics Covered:
1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porters Five Forces Analysis
5 MARKET SEGMENTATION
5.1 Actuator Type
5.1.1 Mechanical
5.1.2 Hydraulic
5.1.3 Pneumatic
5.1.4 Electrical
5.1.5 Hybrid
5.2 Platform
5.2.1 Defense
5.2.2 Commercial
5.3 Material
5.3.1 Aluminum
5.3.2 Stainless Steel
5.3.3 Alloy-based
5.4 Geography
6 COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 MOOG Inc.
6.2.2 Honeywell International Inc.
6.2.3 Rotork plc
6.2.4 Emerson Electric Co.
6.2.5 Curtiss-Wright Corporation
6.2.6 Flowserve Corporation
6.2.7 IMI plc
6.2.8 Diakont
6.2.9 Schlumberger Limited
6.2.10 Wartsila Corporation
6.2.11 AUMA Riester GmbH & Co. KG
6.2.12 Bosch Rexroth AG (Robert Bosch GmbH)
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/glckim
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Climate change analytics and advice helps prepare institutional portfolios to adapt to a net zero economy
SYDNEY & LONDON & NEW YORK--(BUSINESS WIRE)--Mercer, a global leader in redefining the world of work, reshaping retirement and investment outcomes, and unlocking real health and well-being, today announced the launch of climate transition analytics and advice for institutional investors who want to transition to a 1.5°C scenario of global warming as outlined in the Paris Agreement. Climate change science has shown that to halt climate change, carbon emissions have to stop completely. ‘Net zero’ means that any emissions are balanced by absorbing an equivalent amount from the atmosphere.
The solution, called Analytics for Climate Transition (“ACT”) will help investors construct climate resilient portfolios on a multi-year timeframe, as 1.5°C requires a 45% emissions reduction by 2030. ACT is now being offered to Mercer’s investment consulting clients worldwide and will be leveraged to support climate transition strategies across its $304.5 billion USD global assets under management1 on behalf of its Investment Solutions clients.
“Many investors are not yet equipped to invest in a decarbonizing economy, and some don’t know where to start. Our analytics and advice will help investors transition their portfolios to take on the challenges of managing climate risk, in their endeavor to meet return objectives while staying on target for a net-zero outcome,” said Helga Birgden, Global Business Leader, Responsible Investment, Mercer.
ACT was developed because institutional investors are seeking ways to assess the companies they are invested in with respect to their commitment and ability to, transition to a net zero economy by 2050, with an important milestone of 45% emissions reduction by 2030. Through ACT, Mercer can help investors set portfolio investment baselines; assess portfolio opportunities; establish targets and produce implementation plans that can be integrated with strategy and portfolio construction decisions.
“Mercer was a pioneer in developing climate scenario analyses to help investors set strategies for diversified portfolios. The climate transition advice and analytics is a natural next step for us and supports our clients to address climate change. Importantly, when working with clients to position their portfolios for transition we leverage our global investment research, our capabilities and our knowledge,” said Jillian Reid, Senior Responsible Investment Specialist, Mercer.
Mercer’s framework and analytics draw on multiple data providers and metrics to assess portfolios across a spectrum of carbon risk, with portfolios ranked from low transition capacity (gray investments) to investments that are low carbon risk/zero carbon already, or are providing climate solutions (green investments). The majority of companies in investor portfolios fall somewhere in between the two sides.
Mercer’s climate change research and guidance is an Mercer-wide collaboration and spans Research, Advice and Investment Solutions. Mercer’s Responsible Investing Pathway maps out the full scope of the responsible investment advisory services Mercer offers, structured around integrating ESG and climate change into the core stages of investment: beliefs, policy and process, and portfolio implementation.
About Mercer
Mercer believes in building brighter futures by redefining the world of work, reshaping retirement and investment outcomes, and unlocking real health and well-being. Mercer’s more than 25,000 employees are based in 44 countries and the firm operates in over 130 countries. Mercer is a business of Marsh & McLennan (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy and people, with 76,000 colleagues and annual revenue of $17 billion. Through its market-leading businesses including Marsh, Guy Carpenter and Oliver Wyman, Marsh & McLennan helps clients navigate an increasingly dynamic and complex environment. For more information, visit www.mercer.com. Follow Mercer on Twitter @Mercer.
_____________________
1 As of 30 November, 2019: Please see Important Notices for information about Assets under Management. |
Important Notices
References to Mercer shall be construed to include Mercer LLC and/or its associated companies.
© 2020 Mercer LLC. All rights reserved.
This contains confidential and proprietary information of Mercer and is intended for the exclusive use of the parties to whom it was provided by Mercer. Its content may not be modified, sold or otherwise provided, in whole or in part, to any other person or en.tity without Mercer's prior written permission.
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SAN DIEGO--(BUSINESS WIRE)--#distributedenergy--XENDEE Corporation and Austria’s BEST Bioenergy (BEST - Bioenergy and Sustainable Technologies GmbH), a world leading R&D and competence center for biomass to energy and biomass to goods conversion technologies, have launched a global partnership. XENDEE and BEST aim to accelerate the adoption of sustainable hydrogen and solar thermal heat supply technologies for Microgrid systems to help reach Paris Climate Agreement goals while also capturing optimal financial returns.
This international partnership, which also involves a coalition of scientific and corporate partners, will build on XENDEE’s patented Microgrid planning platform with a new foundation of novel generative design algorithms to automate the modeling of next-generation Microgrids and green hydrogen supply chains. These Microgrids will be capable of delivering the optimal combination of financial returns, performance, and sustainability via hydrogen and distributed heating technologies as part of the solution.
“We are proud of our continued partnership with BEST to offer investors a reliable, first-of-a-kind techno-economic decision support solution for next-generation Microgrids,” said Adib Naslé, Founder and CEO of XENDEE. “The world needs financially attractive energy solutions that are resilient, secure, and sustainable as we adapt to the new realities of climate change. We are privileged to be able to tackle these challenges with BEST. Green hydrogen, its supply-chain model, and sustainable heating could provide the Bankability uplift needed in a Microgrid’s financial performance and efficiency capabilities.”
The partnership also seeks to test and validate these novel algorithms and methodologies through BEST’s experience with Microgrid controller algorithms, financial forecasting, and advanced validation at their Microgrid test laboratory in Austria.
“Through our state-of-the-art Microgrid testing laboratory, BEST can validate the algorithms designed with our partners as well as lay the groundwork for efficient control technologies that capitalize on our analysis and deliver the best dynamic energy prices under simulated conditions or real life implementations,” said Walter Haslinger, CEO of BEST.
The long term strategy of this partnership is to create a holistic design and implementation solution for cost effective green hydrogen and sustainable heating, as well as the development of ancillary products such as advanced sensors to aid utilities, control technologies to manage the Microgrid, and the integration of blockchain tokens to facilitate dynamic billing and utility sales.
About XENDEE: XENDEE develops world-class Microgrid decision support software that helps designers and investors optimize and certify the resilience and financial performance of projects with confidence. The XENDEE Microgrid platform enables a broad audience, from business decision makers to scientists, with the objective of supporting investments in Microgrids and maintaining electric power reliability when integrating sources of renewable generation.
About BEST: BEST – Bioenergy and Sustainable Technologies GmbH is a K1 Competence Centre in the Austrian COMET programme and closes the gap between academic research and industrial technology development by undertaking industry-driven applied research and development in the fields of bioenergy, the sustainable bio-based economy, and future-proof energy systems.
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DUBLIN--(BUSINESS WIRE)--The "Global Surface Warships - Market and Technology Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.
The Global Surface Combatants Market is expected to reach a value of USD 37 Billion by the year 2028. The market accounted for a value of roughly USD 32 Billion in the year 2019.
The growth in the number of fleet replacement programs to modernize existing naval vessels has governed the expansion of this market.
Countries across the globe are focused on developing programs to increase their sea-based tactical advantage. Countries like the United States and China are some of the major examples of the same.
This report studies the intensifying growth dynamics for the surface warships sector. The industrial support units and their impact on increasing employment have also been studied in this report. On a global scale, the number of indigenous programs has been increasing. The domestic shipbuilding programs add to the GDP of the respective countries through increased employment generation.
These industrial units also boost the direct, induced as well as indirect spending of the people situated in the supply chain as well as the value chain for a particular vertical. The number of end-users and consumers for the Surface Warships market is reliant on the amount of procurement. Therefore, the economies of scale is a highly influential factor across this pipeline industry. Moreover, as the GDP of a nation increases, so does the defense budget allocation.
On a regional basis, APAC is expected to emerge as the largest market by the year 2028. In the year 2019, the APAC market had a revenue of USD 11 Billion approximately. The second and third largest growth segments on a regional basis include North America and Europe. The overall growth dynamics associated with the surface warships market is estimated to be 2% during the forecast period.
Key Topics Covered:
1. Introduction
1.1. Objective
1.2. Market Introduction
1.3. Market Scope
1.4. Methodology
1.5. Scenario-based Forecast
1.6. Who will benefit from this report?
2. Executive Summary
2.1. Global Surface Ships Market Trends and Insights
2.2. Top Five Major Findings
2.3. Major Conclusion
2.4. Important Tables and Graphs
3. Current Market Overview of the Global Surface Warships Market
3.1. Introduction
3.2. Evolution of Naval Warship Design
3.3. Global Naval Fleet
3.3.1. Destroyer
3.3.2. Corvette
3.3.3. Frigate
3.3.4. Aircraft Carrier
3.3.5. Cruisers
3.3.6. Support Vessels
4. Current Market Trends of the Global Surface Warships Market
4.1. US Fleet Expansion Plans
4.1.1. Fleet expansion plan
4.1.2. US Navy's Estimate for the cost of New Ship Construction 2020-2029
4.1.3. Annual Ship Purchase Plans and Fleet design
4.1.4. Fleet breakdown by type
4.2. Expansion of Chinese Naval Fleet
4.2.1. Chinese shipbuilding market
4.3. Growth of Unmanned Naval Systems
4.3.1. Opportunities within the USVs sector
4.3.2. USV comparison to other platforms
4.3.3. USV Manufacturers
4.3.4. Types of Naval Missions
5. Market Technologies in Global Surface Warship Market
5.1. Unmanned Surface Vehicle
5.2. Stealth Technology
5.3. Active Protection System
5.4. Composites
5.5. Fuel Sources
5.6. 3D Printing
5.7. Directed Energy Weapons
5.8. Unmanned Mine Detection
5.9. Ballast Free Ship Designs
5.10. Anti-Piracy Robots
6. Market Dynamics
6.1. Drivers
6.1.1. Increasing Maritime Threats
6.1.2. Indigenous Programs in Surface Warships
6.1.3. Nuclear Powered Ships
6.1.4. Fleet Replacement
6.2. Restraints
6.2.1. Coastline
6.2.2. Cost of Ship Building
6.3. Challenges
6.3.1. Defense Budget Allocation
6.3.2. Unmanned Program
6.4. PEST Analysis
6.5. Porter's Five Forces Analysis
7. Country Analysis
8. Global Surface Warships Market to 2028 by Region
9. Global Surface Warships Market to 2028 by Type
9.1. Market Introduction
9.2. Total Global Market by Type (By Component) to 2028
9.2.1. Aircraft Carrier
9.2.2. Destroyers
9.2.3. Frigates
9.2.4. Corvettes
9.2.5. Miscellaneous
9.3. Total Global Market by Type (By End-User) to 2028
9.3.1. Aircraft Carrier
9.3.2. Destroyers
9.3.3. Frigates
9.3.4. Corvettes
9.3.5. Miscellaneous
10. Global Surface Warships Market to 2028 by Component
10.1. Market Introduction
10.2. Total Global Market by Component (By Fitment) to 2028
10.2.1. Hull & Equipment
10.2.2. Propulsion / Power Transmission
10.2.3. Electronics
10.2.4. Weapon Systems
10.2.5. Other Systems
11. Opportunity Analysis
11.1. By Region
11.2. By Type
11.3. By Component
12. Scenario Analysis
13. Corona Impact on Global Surface Warships Market
14. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/hcxv6o
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DUBLIN--(BUSINESS WIRE)--The "Sri Lanka Fuel Catalyst Market By Fuel Type (Diesel, Petrol, Fuel Oil), By Application (Heating & Industrial Processing, Marine, Construction, Power Generation, Automotive, Others), By Region, Competition, Forecast & Opportunities, 2026" report has been added to ResearchAndMarkets.com's offering.
The Sri Lankan Fuel Catalyst Market is expected to grow at a steady rate during the forecast years.
The Sri Lankan Fuel Catalyst Market is driven by the increasing demand for fuel catalysts from various end-user industries such as oil & gas, power, automotive, chemical, among others. The Sri Lankan Fuel Catalyst Market is segmented based on fuel type, application, company and regional distribution.
Based on fuel type, the market can be categorized into diesel, petrol and fuel oil. The diesel fuel type is expected to dominate the market since it is a heavy density fossil fuel and heavy fuels are denser and oxygenating heavy fuel requires more advanced technologies to produce a clean burn such as fuel catalyst, ultra-high pressure injectors, among others, thereby propelling the market in the country.
Major players operating in the Sri Lankan Fuel Catalyst Market include Advanced Power System International Incorporation (Fitch Fuel Catalyst), EnviroACES Inc, Rentar Environmental Solutions, Inc., Rennsli Corporation, Carbonflo Ltd, FUEL CAT and others.
Years considered for this report:
Key Topics Covered:
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Voice of Customer
5. Sri Lanka Fuel Catalyst Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Fuel Type (Diesel, Petrol, Fuel Oil)
5.2.2. By Application (Heating & Industrial Processing, Marine, Construction, Power Generation, Automotive, Others)
5.2.3. By Region
5.2.4. By Company (2018)
5.3. Product Market Map
6. Central Sri Lanka Fuel Catalyst Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Fuel Type
6.2.2. By Application
7. Southern Sri Lanka Fuel Catalyst Market Outlook
8. Western Sri Lanka Fuel Catalyst Market Outlook
9. North Western Sri Lanka Fuel Catalyst Market Outlook
10. Market Dynamics
10.1. Drivers
10.2. Challenges
11. Market Trends & Developments
12. Policy & Regulatory Landscape
13. Sri Lanka Economic Profile
14. Competitive Landscape
14.1. Competition Outlook
14.2. Company Profiles
14.2.1. Company Details
14.2.1.1. Advanced Power System International Incorporation (Fitch Fuel Catalyst)
14.2.1.2. EnviroACES Inc
14.2.1.3. Rentar Environmental Solutions, Inc.
14.2.1.4. Rennsli Corporation
14.2.1.5. Carbonflo Ltd
14.2.1.6. FUEL CAT
15. Strategic Recommendations
For more information about this report visit https://www.researchandmarkets.com/r/6x69f
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DUBLIN--(BUSINESS WIRE)--The "Oil Refining Industry in Qatar 2020" report has been added to ResearchAndMarkets.com's offering.
"Oil Refining Industry in Qatar" is a complete source of information on Qatar crude oil refining industry.
It provides refinery level information relating to existing and planned (new build) refineries such as insights and forecasts of refinery capacities, refined petroleum products production and consumption, refinery complexity factor and comparison against peer group countries in the respective region.
The report also covers complete details of major players operating in the refining sector in Qatar and in depth analysis of the latest industry news and deals.
Report Scope
Key Topics Covered:
1 Table of Contents
1.1 List of Figures
1.2 List of Tables
2 Introduction to Qatar Refining Markets
2.1 What is This Report About?
2.2 Market Definition
3 Refining Industry in Qatar
3.1 Qatar Refining Market Snapshot, 2019
3.2 Role of Qatar in Global and Regional Refining Markets
3.2.1 Contribution to Middle East and Africa and Global Refining Capacity, 2019
3.2.2 Qatar Average Nelson Complexity Factor (NCF) vs. Middle East and Africa and Global, 2019
4 Qatar Refining Market- Drivers and Restraints
4.1 Qatar Refining Industry: Trends and Issues
4.1.1 Qatar Refining Industry: Major Trends
4.2 Major Restrains of Investing in Qatar Refining Sector
5 Qatar Oil Products Demand and Supply Forecast to 2025
5.1 Qatar Refined Products Demand Forecast to 2025
5.1.1 Qatar Gasoline Demand Forecast to 2025
5.1.2 Qatar Diesel Oil Demand Forecast to 2025
5.1.3 Qatar Kerosene Demand Forecast to 2025
5.1.4 Qatar LPG Demand Forecast to 2025
5.2 Qatar Refined Products Production Forecast to 2025
5.2.1 Qatar Gasoline Production Forecast to 2025
5.2.2 Qatar Diesel Oil Production Forecast to 2025
5.2.3 Qatar Kerosene Production Forecast to 2025
5.2.4 Qatar LPG Production Forecast to 2025
6 Qatar Refinery Capacities Forecast to 2025
6.1 Location, Operator, Ownership, Startup Details of Operational Refineries in Qatar
6.1.1 Refinery Location, Operator, Ownership, Startup Details
6.2 Qatar Total Refining Capacity Historic and Forecast, 2012-2025
6.3 Qatar Refining Capacity Historic and Forecast, 2012-2025
6.4 Qatar Refinery wise Secondary Conversion Unit-1 Capacity, 2012-2025
6.5 Qatar Refinery wise Secondary Conversion Unit-2 Capacity, 2012-2025
6.6 Qatar Refinery wise Secondary Conversion Unit-3 Capacity, 2012-2025
7 Qatar Refining Industry- Future Developments and Investment Opportunities
7.1 Capital Investment Details of All Upcoming Refineries
7.2 Location, Operator, Ownership, Start Up Details of Planned Refineries in Qatar
7.2.1 Refinery Location, Operator, Ownership, Startup Details
7.3 Refinery Capacities of All Upcoming Refineries
8 Key Strategies Qatar Refining Companies
8.1 Qatar Company wise Refining Capacity Forecast, 2012-2025
9 Company Profiles
10 Qatar Refining Industry Latest Tenders and Contracts
11 Qatar Refining Industry Updates
12 Qatar Refining Industry Deals
For more information about this report visit https://www.researchandmarkets.com/r/qx06ju
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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New role for infrastructure solutions veteran comes as growing integration of renewables propels power sector’s transformation
OVERLAND PARK, Kan.--(BUSINESS WIRE)--The drive for decarbonization in the power industry, coupled with technology advancements making large-scale solar and wind power complemented by battery storage more cost competitive, continues to propel growth in the global renewable energy market. The world’s power providers understand the need to thoughtfully invest in ways to rapidly integrate renewable energy in the mix on the power grid. It’s against that challenging backdrop that Black & Veatch – a global leader in power generation and delivery solutions – announces its appointment of Dave Hallowell as the leader of its global renewable energy business line.
Hallowell’s 28 years of experience, including leading the company’s telecommunications public networks business for the past six years, position him well for the challenges that such fast-moving transformation presents. Hallowell has been a program and project director, construction and operations manager, and a design engineer for projects in telecom and power.
“As more utilities and developers rethink their power generation mix and adapt to the economic and environmental merits of renewables combined with energy storage, Dave’s experience adds to our depth of expertise in renewables,” said Mario Azar, President of Black & Veatch’s power business.
Wood Mackenzie predicts the U.S. will add more than 113 gigawatts (GW) of solar additions from 2020 through 2025, with about 75 percent of those additions coming in the utility-scale market. Similarly, Wood Mackenzie forecasts the global solar market will add 774 GW in 2020 thru 2025.
Bloomberg New Energy Finance (BNEF) expects that 41 GW of onshore wind will be added in the U.S. from 2021 to 2025, up 33 percent from 2019’s forecast for the same period. Along with its U.S. outlook, BNEF also published its annual Southeast Asia renewables market outlook, with its 2020 forecast for capacity additions in coming years significantly higher than its 2019 forecast. BNEF now predicts five countries in Southeast Asia (Indonesia, Malaysia, Philippines, Thailand and Vietnam) will add 22 GW of renewables from 2020-2023.
According to Black & Veatch, utility Integrated Resource Plans (IRPs) also increasingly are incorporating storage in their long-range capacity additions.
The company’s recently released 2020 Strategic Directions: Electric Report, based on expert analyses of results from a survey of more than 600 industry stakeholders, found that nearly half of the respondents said they they’re investing much more or somewhat more into local renewables at least in the short-term, outpacing capital spending on such things as distribution, transmission and other DER. Looking out over the next half decade, the push for renewables is more striking. Eight of 10 respondents forecast that more of their investments in new generation capacity will be directed at solar arrays on land, followed closely by energy storage (79 percent).
Editor’s Notes:
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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24-HOUR MEDIA HOTLINE | +1 866-496-9149
DUBLIN--(BUSINESS WIRE)--The "Oil Refining Industry in Australia 2020" report has been added to ResearchAndMarkets.com's offering.
The downstream energy sector report, "Oil Refining Industry in Australia" is a complete source of information on Australia crude oil refining industry.
It provides refinery level information relating to existing and planned (new build) refineries such as insights and forecasts of refinery capacities, refined petroleum products production and consumption, refinery complexity factor and comparison against peer group countries in the respective region. The report also covers complete details of major players operating in the refining sector in Australia and in depth analysis of the latest industry news and deals.
Report Scope
Key Topics Covered:
1 Table of Contents
1.1 List of Figures
1.2 List of Tables
2 Introduction to Australia Refining Markets
2.1 What is This Report About?
2.2 Market Definition
3 Refining Industry in Australia
3.1 Australia Refining Market Snapshot, 2019
3.2 Role of Australia in Global and Regional Refining Markets
3.2.1 Contribution to Asia Pacific and Global Refining Capacity, 2019
3.2.2 Australia Average Nelson Complexity Factor (NCF) vs. Asia Pacific and Global, 2019
4 Australia Refining Market- Drivers and Restraints
4.1 Australia Refining Industry: Trends and Issues
4.1.1 Australia Refining Industry: Major Trends
4.2 Major Restrains of Investing in Australia Refining Sector
5 Australia Oil Products Demand and Supply Forecast to 2025
5.1 Australia Refined Products Demand Forecast to 2025
5.1.1 Australia Gasoline Demand Forecast to 2025
5.1.2 Australia Diesel Oil Demand Forecast to 2025
5.1.3 Australia Kerosene Demand Forecast to 2025
5.1.4 Australia LPG Demand Forecast to 2025
5.2 Australia Refined Products Production Forecast to 2025
5.2.1 Australia Gasoline Production Forecast to 2025
5.2.2 Australia Diesel Oil Production Forecast to 2025
5.2.3 Australia Kerosene Production Forecast to 2025
5.2.4 Australia LPG Production Forecast to 2025
6 Australia Refinery Capacities Forecast to 2025
6.1 Location, Operator, Ownership, Startup Details of Operational Refineries in Australia
6.1.1 Refinery Location, Operator, Ownership, Startup Details
6.2 Australia Total Refining Capacity Historic and Forecast, 2012-2025
6.3 Australia Refining Capacity Historic and Forecast, 2012-2025
6.4 Australia Refinery wise Secondary Conversion Unit-1 Capacity, 2012-2025
6.5 Australia Refinery wise Secondary Conversion Unit-2 Capacity, 2012-2025
6.6 Australia Refinery wise Secondary Conversion Unit-3 Capacity, 2012-2025
7 Australia Refining Industry- Future Developments and Investment Opportunities
7.1 Capital Investment Details of All Upcoming Refineries
7.2 Location, Operator, Ownership, Start Up Details of Planned Refineries in Australia
7.2.1 Refinery Location, Operator, Ownership, Startup Details
7.3 Refinery Capacities of All Upcoming Refineries
8 Key Strategies Australia Refining Companies
8.1 Australia Company wise Refining Capacity Forecast, 2012-2025
9 BP PLC Company Profile
9.1 BP PLC Key Information
9.2 BP PLC Company Overview
9.3 BP PLC Business Description
9.4 BP PLC SWOT Analysis
9.4.1 Overview
9.4.2 Strengths
9.4.3 Weaknesses
9.4.4 Opportunities
9.4.5 Threats
9.5 BP PLC Financial Ratios - Capital Market Ratios
9.6 BP PLC Financial Ratios - Annual Ratios
9.7 BP PLC Financial Ratios - Interim Ratios
10 Australia Refining Industry Latest Tenders and Contracts
11 Australia Refining Industry Updates
12 Australia Refining Industry Deals
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/sickg1
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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CLEVELAND--(BUSINESS WIRE)--Intelligent power management company Eaton today announced the launch of a remote monitoring application for industrial process customers, in environments like oil and gas, mining, metals and minerals and chemical processing. The application collects and aggregates operational and maintenance data from all manufacturers’ equipment into a unified view for proactive planning to avoid downtime. It is the next offering in Eaton’s expanded portfolio of intelligent power management solutions, and is part of its Brightlayer Industrial suite, which leverages Eaton’s digital foundation to enable industrial customers to optimize power use through data and insights from secure, connected and intelligent assets.
“By leveraging the power of a single platform, industrial process customers can use real-time data analysis and metric tracking to simplify decision-making for effective and efficient facility management and maintenance,” said Christopher Kelson, director, Offer Management and Marketing, Industrial Segment, Eaton. “This critical performance data can be used to improve labor efficiencies, manage financial and employee injury risk and support management reporting.”
The Brightlayer Industrial suite remote monitoring application uses predictive maintenance analytics to compare various parameters and offer feedback whenever deterioration is detected or when equipment performs outside of a desired range. Understanding parameter differences over time will improve understanding of equipment and process conditions across facilities, providing the ability to make adjustments.
Wireless connectivity improves safety and simplifies installation and periodic maintenance through proactive alerts to desktop and mobile devices. Connectivity is enhanced with cloud, authorized user and display module communication.
Engineered for wireless connectivity, key design specifications simplify installation with no conduit to run and reduce installation costs and periodic maintenance. Remote monitoring allows signals to be communicated to the cloud, and to authorized local users.
To learn more about the Brightlayer Industrial suite, visit Eaton.com/BrightlayerIndustrial. To learn about Eaton’s full range of innovative power management technologies, visit Eaton.com.
Eaton’s mission is to improve the quality of life and the environment through the use of power management technologies and services. We provide sustainable solutions that help our customers effectively manage electrical, hydraulic, and mechanical power – more safely, more efficiently, and more reliably. Eaton’s 2019 revenues were $21.4 billion, and we sell products to customers in more than 175 countries. We have approximately 92,000 employees. For more information, visit Eaton.com.
Katy Brasser, (216) 232-8869
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DUBLIN--(BUSINESS WIRE)--The "India Marine Engines Market, By Fuel Type (Diesel, Petrol, Gas), By Power (5 - 75 HP, 76 - 350 HP, 351 - 750 HP, and Above 751 HP), By End Use (Auxiliary & Propulsion), By Region, Competition, Forecast & Opportunities, 2026" report has been added to ResearchAndMarkets.com's offering.
The Indian Marine Engines Market size stood at more than 13 thousand units in volume terms in 2019 and is forecast to continue growing over the next five years on account of increasing production and repair work of ships as well as growing export with foreign countries.
Moreover, presence of reputed marine engine manufacturers and merchant shipping companies in India is also fueling the demand for marine engines in the country.
The Indian Marine Engines Market can be segmented based on fuel type, power, end-use and region. Based on end-use, the Indian Marine Engines Market can be segmented into auxiliary and propulsion engines. Among these, in 2019, propulsion type acquired the largest market share in volume terms on account of increasing sales of ships, growing demand from crude oil industry and rising international seaborne trade.
Moreover, increasing seaborne trade activities and governments initiatives towards revival of inland water transportation system, etc., are expected to fuel the market for marine engines in India in the coming years. Based on fuel type, the market can be segmented into diesel, petrol and gas. Out of these, diesel engines accounted for the largest market share in volume terms in 2019 on account of higher efficiency in terms of fuel economy and lesser cost than petrol engines.
In terms of regional analysis, the market has been segmented into North, East, West and South region. Among these, West region accounted for the highest share in the Indian Marine Engines Market due to existence of a large number of active operational seaports in the country. However, due to the current economic slowdown and lockdown in entire country due to the spread of Coronavirus, Indian marine machinery and equipment industry is experiencing a degrowth at present, which has also directly affected India marine engines market.
Major players operating in the Indian Marine Engines Market include Yanmar Holdings Co., Ltd., John Deere India Private Limited, Mahindra & Mahindra Ltd, Simpson & Co. Ltd. and others which include Wartsila India Private Limited, Cummins India Ltd, Mitsubishi Heavy Industries, Hyundai Heavy Industries, etc.
Years considered for this report:
Key Topics Covered:
1. Product Overview
2. Research Methodology
3. Impact of COVID-19 on India Marine Engines Market
4. Executive Summary
5. Voice of Customer
5.1. Brand Awareness
5.2. Brand Recall
5.3. Overall Brand Satisfaction
5.3.1. Product Quality
5.3.2. Pricing
5.3.3. Product Availability
5.3.4. After-Sales Support
5.4. Challenges/Unmet Needs
6. India Marine Engines Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.1.2. By Volume
6.2. Market Share & Forecast (Volume)
6.2.1. By Fuel Type (Diesel, Petrol, Gas)
6.2.2. By Power (5 - 75 HP, 76 - 350 HP, 351 - 750 HP, and Above 751 HP)
6.2.3. By End Use (Propulsion vs Auxiliary)
6.2.4. By Region (North, East, West, South)
6.2.5. By Company (2019)
6.3. Product Market Map
7. India Propulsion Marine Engines Market Outlook (Volume)
8. India Auxiliary Marine Engines Market Outlook (Volume)
9. Market Dynamics
9.1. Drivers
9.2. Challenges
10. Market Trends & Developments
11. Policy & Regulatory Landscape
12. Import-Export Analysis
13. Pricing Analysis
14. India Economic Profile
15. Competitive Landscape
15.1. Competition Outlook
15.2. Company Profiles
15.2.1. Yanmar Holdings Co., Ltd.
15.2.2. John Deere India Private Limited
15.2.3. Mahindra & Mahindra Ltd
15.2.4. Simpson & Co. Ltd.
15.2.5. Wartsila India Private Limited
15.2.6. Scania CV India Pvt Ltd
15.2.7. Volvo Group
15.2.8. Cummins India Ltd
15.2.9. Hyundai Heavy Industries
15.2.10. Mitsubishi Heavy Industries
16. Strategic Recommendations
For more information about this report visit https://www.researchandmarkets.com/r/5qjmm2
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Laura Wood, Senior Press Manager
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Energy conservation measures across municipal buildings, parks and public areas guarantee annual energy and maintenance cost savings of nearly $108,000.
VIRGINIA, Minn. & FRAMINGHAM, Mass.--(BUSINESS WIRE)--#efficiency--Ameresco, Inc., (NYSE: AMRC), a leading energy efficiency and renewable energy company, today announced the completion of a citywide energy efficiency project for the City of Virginia, Minnesota. Financed by a $2.5 million Energy Savings Performance Contract (ESPC), improvements made across the City of Virginia will guarantee energy cost savings and an overall reduction in municipal energy demand.
In 2019, the City of Virginia selected Ameresco as its partner in an effort to utilize energy efficiency technologies to reduce municipal energy consumption and operating costs. To do so, Ameresco designed and implemented the project across 12 city buildings that involved LED facility lighting upgrades, LED street lighting upgrades, building envelope improvements, mechanical insulation, HVAC upgrades, and building automation system upgrades.
“Our community is thrilled to have completed measures at city buildings to reduce energy consumption,” said Mayor Larry Cuffe. “In addition to the sustainability benefits of this project, the substantial cost savings that we can expect as a result of reduced energy consumption and lowered operational and maintenance costs, we will be able to utilize those funds to make investments in other areas of our community.”
Through its partnership with Ameresco, the City of Virginia’s commitment to sustainable energy reduction is expected to reduce the City’s energy consumption by approximately 21%, or the equivalent of 819 metric tons of CO2 per year. The green benefits from carbon sequestered is roughly equal to 1,070 acres of U.S. forests preserved for one year.
“Our team implemented energy conservation measures at 12 city buildings alongside an addition of new color changing LED lighting system to illuminate the City Hall spire,” said Louis Maltezos, Executive Vice President of Ameresco. “Our work with the City of Virginia will not only lead to a significant reduction of energy costs, but also improve the safety and aesthetics of the city.”
Construction began in January 2020 and was completed in September 2020.
About the City of Virginia, Minnesota
Virginia is a city in St. Louis County, Minnesota on the Mesabi Iron Range. Virginia was settled in 1892 to accommodate the Iron Ore Mining in the area. By 1910, lumbering and sawmilling had surpassed mining as Virginia’s prime industry. The Virginia and Rainy Lake Company established here the largest white pine mill in the world. The City of Virginia offers a full range of cultural opportunities for people of all ages; an outstanding health care delivery system that reaches out to the regional community; a wide range of housing opportunities a strong retail base that serves as a magnet for the surrounding area; and protection, use and enhancement of the area’s natural resource base, especially the City’s lakes and green spaces; safe, appealing neighborhoods. Walk, hike, or bike across the paved Mesabi Trail – and enjoy the views from the tallest bridge in Minnesota, at just over 200 feet tall.
About Ameresco, Inc.
Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading independent provider of comprehensive services, energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions for businesses and organizations throughout North America and Europe. Ameresco’s sustainability services include upgrades to a facility’s energy infrastructure and the development, construction and operation of renewable energy plants. Ameresco has successfully completed energy saving, environmentally responsible projects with Federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, MA, Ameresco has more than 1,000 employees providing local expertise in the United States, Canada, and the United Kingdom. For more information, visit www.ameresco.com.
The announcement of completion of a customer’s project contract is not necessarily indicative of the timing or amount of revenue from such contract, of the company’s overall revenue for any particular period or of trends in the company’s overall total project backlog. This project was included in our previously reported contracted backlog as of September 30, 2020.
Ameresco: Leila Dillon, 508-661-2264, This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "Malaysia Residential Electric Water Pump Market, by Well Type, by Pump Type, by Function Type, by Power Rating, by Price Range, by Region, Competition, Forecast & Opportunities, 2025" report has been added to ResearchAndMarkets.com's offering.
The Malaysian Residential Electric Water Pump Market is projected to cross USD 54 million by 2025
The country's residential electric water pump market is driven by rise in residential construction coupled with increase in water management activities in domestic households. Moreover, rise in the demand for residential electric water pumps is anticipated because of expanding population and increase in shift of population from rural to urban cities in the country.
The demand for residential water pump is expected to decline in 2020 compared to what it was in 2019 by almost 15% owing to decline in construction activities and lock down due to COVID-19 outbreak.
However, the market is expected to recover in the coming years because of various government initiatives to provide affordable housing to its people under several policies such as 1Malaysia Housing Program (PR1MA), Federal Territories Affordable Housing Project (RUMAWIP), MyHome (Private Affordable Ownership Housing Scheme), etc. Moreover, the government is aiming to build 1 million affordable houses across the country in the coming years. All these factors are anticipated to boost the demand for residential electric water pumps over the coming years.
The Malaysian Residential Electric Water Pump Market is segmented based on well type, function type, pump type, power rating base, price range and region. Based on well type, the market can be segmented into shallow well and deep well. Among these, the shallow well segment is expected to hold the largest market share during forecast period, but the deep well segment is expected to witness faster growth rate during the forecast period.
Regionally, the Malaysian Residential Electric Water Pump Market has been segmented into West Malaysia and East Malaysia, out of which, West Malaysia would continue to hold more than 75% of the market share owing to the growing population and rising demand for clean and drinkable water in the region.
Major players operating in the Malaysian Residential Electric Water Pump Market include Panasonic Malaysia Sdn Bhd, Hitachi Sales (Malaysia) Sdn, Mitsubishi Electric Corporation, Grundfos Pumps Sdn Bhd, Joven Electric Co. Sdn. Bhd, CSP Advance Sdn Bhd., Leo Group Pump (Zhejiang) Co., Ltd and others.
Years considered for this report:
Report Scope:
In this report, the Malaysian Residential Electric Water Pump Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Market, By Well Type:
Market, By Pump Type:
Market, By Function Type:
Market, By Power Rating:
Market, By Price Range:
Market, By Region:
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/4578pv
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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ANAHEIM, Calif.--(BUSINESS WIRE)--$WLDN--Willdan Group, Inc. (NASDAQ: WLDN) announced today it will partner with Green Business Certification Inc. (GBCI), the global certification body for the LEED green building program, to make energy modeling more accessible, more accurate, and more affordable for building projects around the world. In support of this partnership, Willdan and GBCI will offer Willdan's Net Energy Optimizer® (NEO) energy modeling tool to projects worldwide.
“GBCI is committed to delivering cost-effective, accessible, and high-quality solutions to advance energy-efficient buildings,” said Sarah Alexander, Senior Vice President, Certification and Credentialing at GBCI. “We are excited to partner with Willdan because their NEO simplified energy modeling tool supports our vision that healthy people in healthy places equals a healthy economy. Now, more than ever, projects can pave the way toward a more resilient and prosperous future by taking advantage of energy efficient solutions.”
Energy modeling with NEO has the potential to substantially increase energy efficiency, as a result of its automation and interface, which give users straightforward information about design and equipment options, costs, projected savings, and environmental impact. NEO was used in more than 800 projects nationwide in 2019, supporting utility companies, engineers, architects, building owners, contractors, and equipment manufacturers.
“Willdan is proud to support GBCI’s mission to change the way buildings and communities are designed, built, and operated – enabling an environmentally and socially responsible, healthy, and prosperous environment that improves the quality of life,” said Willdan Vice President Jim Douglas. “NEO embraces this mission by reducing market barriers. It enables architects, engineers, owners, and developers to quickly understand the impact of design options and select those that maximize building efficiency, meet their performance goals, and support environmental, social, and governance objectives.”
About Green Business Certification Inc. (GBCI)
GBCI is the premier organization independently recognizing excellence in green business industry performance and practice globally. Through rigorous certification and credentialing standards, GBCI drives adoption of green building and business practices. GBCI is the global certification body for the USGBC’s LEED green building program. LEED was founded more than 20 years ago to provide a road map for developing sustainable buildings. Today, LEED is the most widely used green building program in the world, with more than 104,000 registered and certified commercial projects across 181 countries and territories.
About Net Energy Optimizer (NEO)
NEO is an online building energy modeling tool that facilitates building-wide analysis of HVAC systems and/or energy conservation measures for new and existing buildings. The real-time modeling and analysis support design projects from early design through construction and into operation. For additional information, visit the NEO website at netenergyoptimizer.com.
About Willdan
Willdan is a nationwide provider of professional technical and consulting services to utilities, government agencies, and private industry. Willdan’s service offerings span a broad set of complementary disciplines that include electric grid solutions, energy efficiency and sustainability, engineering and planning, and municipal financial consulting. For additional information, visit Willdan's website at www.willdan.com.
Forward-Looking Statements
Statements in this press release that are not purely historical, including statements regarding Willdan’s intentions, hopes, beliefs, expectations, representations, projections, estimates, plans, or predictions of the future are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements involve risks and uncertainties including, but not limited to, the risk that Willdan will not be able to reduce costs and preserve liquidity to maintain its operations during the continuation of this pandemic nor be able to resume its growth trajectory once pandemic-related restrictions are lifted and the economy begins to recover. It is important to note that Willdan’s actual results could differ materially from those in any such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, the ultimate impact of the COVID-19 pandemic on Willdan’s results, prospects, and opportunities; Willdan’s ability to adequately complete projects in a timely manner; Willdan’s ability to compete successfully in the highly competitive energy efficiency services market; changes in state, local, and regional economies and government budgets; Willdan’s ability to win new contracts, to renew existing contracts, and to compete effectively for contract awards through bidding processes; and Willdan’s ability to successfully integrate its acquisitions and execute on its growth strategy. Willdan’s business could be affected by a number of other factors, including the risk factors listed from time to time in Willdan’s reports filed with the Securities and Exchange Commission, including, but not limited to, the Annual Report on Form 10-K filed for the year ended December 27, 2019. Willdan cautions investors not to place undue reliance on the forward-looking statements contained in this press release. Willdan disclaims any obligation to, and does not undertake to, update or revise any forward-looking statements in this press release.
Stacy McLaughlin
Chief Financial Officer
714-940-6300
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Al Kaschalk
VP Investor Relations
310-922-5643
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INDIANAPOLIS--(BUSINESS WIRE)--Global power leader Cummins Inc. (NYSE: CMI) and Navistar International Corporation (NYSE: NAV) will work together on the development of a class 8 truck powered by hydrogen fuel cells.
The project will be funded in part through an award from the U.S. Department of Energy’s (DOE) Office of Energy Efficiency and Renewable Energy (EERE) previously announced in August, as part of DOE’s “H2@Scale” initiative to develop affordable hydrogen production, storage, distribution and use.
“This vehicle will feature our next generation fuel cell configuration and provides a springboard for us to advance our hydrogen technology for line haul trucks,” said Amy Davis, Vice President and President, New Power at Cummins. “We are also excited to build on our strong relationship with Navistar, which dates back 80 years, and work together to lower costs and make hydrogen-powered vehicles more accessible for fleets to adopt.”
The award is one of two DOE grants awarded to Cummins, totaling more than $7 million, and will aid in the development of an integrated fuel cell electric powertrain for heavy-duty trucks with operational performance and total cost of ownership that supports near-term, rapid, and substantial penetration of the truck markets. This includes development of a solution that is highly manufacturable and scalable with a proven range of 300 miles or more and improved fuel economy over current heavy-duty trucks.
The powertrain will be integrated into an International® RH™ Series and uses two HyPM® HD90 power modules, made up of HD45 fuel cell stacks connected in series. Instead of having a single large fuel cell operate at an inefficient partial load, individual HD45 power modules can be turned on/off to provide adequate power at an efficient full load.
“Cummins is a trusted Navistar partner and collaborating with the company on this project is a milestone in learning integrations surrounding the functionality, adoption and scalability of hydrogen fuel cells as a power source for class 8 vehicles,” said Darren Gosbee, Vice President Engineering at Navistar. “Hydrogen offers great opportunity in the commercial vehicle sector and we’re proud to be part of the team working to develop a complete solution for customers.”
The prototype fuel cell class 8 truck will ultimately see a year-long field test. The truck will be integrated into Werner Enterprises’ fleet of more than 7,700 tractors and operated in real-world local and/or regional delivery operation out of Fontana, California.
"This integration aligns with our Environmental, Social and Governance initiatives as we continually look for new ways to reduce our carbon footprint,” said Scott Reed, Sr. Vice President of Fleet Purchasing & Maintenance, Werner Enterprises. “Testing the vehicle in real-world conditions will help paint a full picture of how the system performs over challenging road conditions, including both hot and cold climates. In addition to that performance data, we are excited about the opportunity to provide feedback from Werner professional drivers, mechanics and fleet management to help the project team develop a comprehensive total cost of ownership analysis."
Major objectives of the DOE award include achieving, meeting or exceeding conventional diesel powertrain performance requirements and reducing the upfront capital costs by 35 percent to make the adoption of zero-emission fuel cell technologies viable for commercial fleets.
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.
About Navistar International Corporation:
Navistar International Corporation is a holding company whose subsidiaries and affiliates produce International® brand commercial trucks, proprietary diesel engines, and IC Bus® brand school and commercial buses. An affiliate also provides truck and diesel engine service parts. Another affiliate offers financing services. Additional information is available at www.Navistar.com.
Jon Mills
Director – External Communications
(317) 658-4540
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HOUSTON--(BUSINESS WIRE)--Geospace Technologies (NASDAQ: GEOS) (“Geospace” or the “Company”) today announced the addition of Kenneth Asbury, former President and CEO of CACI International, Inc., a multinational defense and intelligence services company, and Margaret Sidney “Sid” Ashworth, former Vice President of Government Relations for Northrop Grumman, a global aerospace and defense contractor, to its board of directors effective December 1, 2020.
The new directors further support the Company’s expansion of its monitoring technologies in the security and surveillance markets served by Quantum Technology Sciences, a U.S. government contractor, and OptoSeis®, a fiber optic sensor technology, both acquired in 2018. These directors will bring a fresh perspective on leveraging Geospace’s existing core competencies, which have been decades in development and production, offering proven value within oil and gas and other industrial manufacturing areas.
“Geospace is thrilled to add two incredibly seasoned leaders from highly-respected corporations to our board of directors. Ken will bring more than three decades of executive leadership and deep experience in federal government business relations. Sid will offer valuable insight from her more than 25 years of experience in legislative affairs,” said Gary Owens, Geospace Chairman of the Board. “By adding these two new directors, Geospace fortifies its expansion into industries which benefit from our core competency in seismic-acoustic technologies.”
Mr. Asbury is the former President and Chief Executive Officer of CACI International, Inc., a $5.7 billion U.S. Government solutions provider serving defense, homeland security and intelligence. Previously, Mr. Asbury served as President and CEO of Arctic Slope Regional Corporation – Federal Holdings. Prior to each of these roles, he spent the majority of his career at Lockheed Martin serving in various roles including President of three successful operating units and Vice President of capture excellence. Mr. Asbury served in the U.S. Army Security Agency as a translator/interpreter. He is a graduate of the University of Oklahoma.
Ms. Ashworth is the former Vice President of Government Relations for Northrop Grumman Corporation, a global leader in aerospace, cyberspace and defense. Previously, she was Vice President of Washington Operations for GE Aviation. Prior to that, she spent 14 years as a professional staff member with the U.S. Senate Committee on Appropriations. For more than a decade, Ms. Ashworth worked as a civilian in the Department of the Army, focused on resource management, force structure, and strategy. Ms. Ashworth earned a master’s degree in business administration from Campbell University and a bachelor’s degree in management from the University of Maryland.
About Geospace Technologies
Geospace Technologies principally designs and manufactures large-scale seismic-acoustic information systems. These seismic products are marketed to the oil and gas industry and used to locate, characterize, and monitor hydrocarbon producing reservoirs. The Company also markets seismic products to other industries for vibration monitoring, border and perimeter security, and various geotechnical applications. Geospace designs and manufactures other industrial products including smart water meter products, imaging equipment and offshore cables.
Forward-Looking Statements
This press release contains “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. These forward-looking statements can be identified by terminology such as “may”, “will”, “should”, “could”, “intend”, “expect”, “plan”, “budget”, “forecast”, “anticipate”, “believe”, “estimate”, “predict”, “potential”, “continue”, “evaluating” or similar words. Statements that contain these words should be read carefully because they discuss our future expectations, contain projections of our future results of operations or of our financial position or state other forward-looking information. Examples of forward-looking statements include, among others, statements that we make regarding our expected operating results, the results and success of our transactions with Quantum and the OptoSeis® technology, the adoption and sale of our products in various geographic regions, potential tenders for PRM systems, future demand for OBX systems, the completion of new orders for channels of our GCL system, the fulfillment of customer payment obligations, the impact of the coronavirus (or COVID-19) pandemic, the Company’s ability to manage changes and the continued health or availability of management personnel, volatility and direction of oil prices, anticipated levels of capital expenditures and the sources of funding therefore, and our strategy for growth, product development, market position, financial results and the provision of accounting reserves. These forward-looking statements reflect our current judgment about future events and trends based on the information currently available to us. However, there will likely be events in the future that we are not able to predict or control. The factors listed under the caption “Risk Factors” and elsewhere in our most recent Annual Report on Form 10-K, which is on file with the Securities and Exchange Commission, as well as other cautionary language in any subsequent Quarterly Report on Form 10-Q, or in our other periodic reports, provide examples of risks, uncertainties and events that may cause our actual results to differ materially from the expectations we describe in our forward-looking statements. Such examples include, but are not limited to, the failure of the Quantum or OptoSeis® technology transactions to yield positive operating results, decreases in commodity price levels, including risks related to the recent collapse in oil prices, which could reduce demand for our products, the failure of our products to achieve market acceptance, despite substantial investment by us, our sensitivity to short term backlog, delayed or canceled customer orders, product obsolescence resulting from poor industry conditions or new technologies, bad debt write-offs associated with customer accounts, lack of further orders for our OBX systems, failure of our Quantum products to be adopted by the border and security perimeter market, infringement or failure to protect intellectual property. The occurrence of the events described in these risk factors and elsewhere in our most recent Annual Report on Form 10-K or in our other periodic reports could have a material adverse effect on our business, results of operations and financial position, and actual events and results of operations may vary materially from our current expectations. We assume no obligation to revise or update any forward-looking statement, whether written or oral, that we may make from time to time, whether as a result of new information, future developments or otherwise.
Rick Wheeler
President & CEO
TEL: 713.986.4444
FAX: 713.986.4445
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