Revenue for nine months ended September 30, 2020 increased over nine months ended September 30, 2019

CLEARWATER, Fla.--(BUSINESS WIRE)--$OCLN #newgold--OriginClear Inc. (OTCQB: OCLN), The Water Company for the New Economy™, announces that revenues and gross profits for the first nine months of 2020 outpaced the same period in 2019.

The company reported the following highlights from its recent quarterly report:

• Revenue for the nine months ended September 30, 2020 increased by 14% to $3,064,758 compared to $2,696,433 for the same period last year.
• Gross profit for the same period increased by 20% to $348,176 compared to $290,294 last year.
• Loss from operations for the same nine months ended September 30, 2020 decreased by 5% to $2,682,435 compared to $2,836,416 for the same period last year.

“Thanks to the hard work of our Texas-based team, we are continuing to outpace 2019,” said Riggs Eckelberry, OriginClear CEO. “Even more importantly, we saw a boost in booked orders late in the third quarter, including approximately $450,000 in jobs in progress which have not yet been recognized.”

“I’m pleased with the pace of new business on Progressive Water Treatment and Modular Water Systems,” said Tom Marchesello, OriginClear Chief Operating Officer. “Our team efforts are paying off.”

Revenue for the three months ended 9/30/20 decreased by 2% to $917,320 compared to $939,468 for the same period last year. The three months ended September 30, 2020 showed a Gross Loss, $(17,388) vs $80,640 and Loss from operations widened to $1,183,722 from $964,655.

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About OriginClear, Inc.

Water is our planet’s most valuable resource, and the mission of OriginClear is to provide breakthrough water treatment and conveyance products that effectively improve the quality of our planet’s waters by returning them to their original and clear condition and deliver the highest quality water to end-users. But 80% of all sewage in the world is never treated, and up to 35% of all clean water is lost in transit. This calls for self-help solutions at the point of use, a movement known as decentralized water treatment. Our mission is to enable this decentralized water revolution by providing rapid deployment, point-of-use water treatment and conveyance products and technologies that enable water independence, and help make clean water available for all. For more information, visit the company’s website at www.OriginClear.com.

Forward-Looking Statements

Matters discussed in this presentation contain forward-looking statements. When used in this update, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with our history of losses and our need to raise additional financing, the acceptance of our products and technology in the marketplace, our ability to demonstrate the commercial viability of our products and technology and our need to increase the size of our organization. Further information on the Company's risk factors is contained in the Company's quarterly and annual reports as filed with the Securities and Exchange Commission. The Company undertakes no obligation to revise or update publicly any forward-looking statements for any reason except as may be required under applicable law. There cannot be any assurance that our revenue will increase.

Investor Relations OriginClear:
Devin Angus
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International: +1-323-939-6645 Ext. 3
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www.OriginClear.com

Press Contact:
TransMedia Group
Dilara Tuncer, Director of Public Relations
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NAPE hybrid event moves to August

FORT WORTH, Texas--(BUSINESS WIRE)--#WhereDealsHappen--Due to the ongoing challenges presented by COVID-19 and concern for the health and safety of our attendees, exhibitors, sponsors, partners, staff and community, the NAPE Operators Committee has decided to move NAPE Summit to August 2021.

NAPE Summit will take place in person Aug. 18-20, 2021, at the George R. Brown Convention Center in Houston and virtually Aug. 9 – Sept. 3, 2021, on the NAPE Network.

NAPE remains dedicated to providing the place for oil and gas professionals from across the industry to gather together to learn, connect and do business safely. As many details of the event were previously finalized, NAPE organizers are working to ensure the current hybrid event schedule — including the Global Business Conference speaker lineup and NAPE Charities Keynote event — will take place in August.

“The decision to postpone NAPE Summit until August resulted from a very robust and heartfelt NAPE Operators Committee meeting discussion. While we wish we could host NAPE Summit in February as we've done for the past 27 years, we believe postponing to August offers the best opportunity for a successful industry event for all parties involved, especially since the lifeblood of NAPE is the face-to-face connections and networking,” said Ron Munn, CPL/ESA, general manager of Land at Chevron U.S.A. Inc. and chairman of the NAPE Operators Committee.

We look forward to seeing you in person in Houston and virtually on the NAPE Network in August.

For more information and to register, visit NAPEexpo.com/summit.

About NAPE

NAPE is the largest exhibition of its kind in the world, providing unmatched venues for energy professionals to meet, network, connect and do business. It was founded in 1993 by the American Association of Professional Landmen and now also includes the Independent Petroleum Association of America, Society of Exploration Geophysicists and American Association of Petroleum Geologists as partner hosts. NAPE hosts NAPE Summit annually — bringing together prospects and all the key players needed to evaluate, facilitate and execute deals. For more information on NAPE, please visit www.NAPEexpo.com and follow NAPE on Twitter at @NAPE_EXPO.

Callie Kersey
817-847-7700
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Firm to open offices in San Francisco and New York to support leading REITs with their climate goals 

AUSTIN, Texas--(BUSINESS WIRE)--Longevity Partners, the leading service provider for energy and sustainability advice across the world’s largest property funds, just announced the opening of a brand new US headquarters in Austin, Texas. Longevity Partners is the first European responsible real estate advisory firm to open offices in the United States as the firm continues its global expansion. The company manages more than $120bn of commercial and residential real estate ESG programs across 38 countries.

The North American subsidiary, 100% owned by Longevity Partners Limited, will be managed by the group Founder and CEO Etienne Cadestin. Satellite offices in San Francisco and New York will open in early 2021 adding to the company’s existing European networks in London, Paris, Munich, and Amsterdam.

The expansion comes at a time when new municipal and national carbon reduction targets are demanding property investors and managers consider responsible solutions for new and existing assets. There is growing understanding from the investment community on the business imperative to minimize reputational risk and increase regulatory compliance while delivering carbon neutrality and unlocking long term value creation.

“We are humbled to respond to our growing customer demand overseas by making a significant self-funded investment with three new offices in the United States,” says Etienne Cadestin, Founder and CEO of Longevity Partners. “Over the last two years, there has been a colossal push to address climate risk and our clients understand the correlation between global warming and the vulnerability of their investments. I can’t think of a better place than Austin to start this journey and we are now able to advise Texan corporates and pension funds on climate risk adaptation and transition solutions.”

The Longevity team is comprised of passionate experts determined to support businesses around the world in the transition to a low carbon economy. Expansion plans are driven by the ever-growing demand for climate-focused investments, the race to achieve net-zero carbon, and a framework of tighter environmental regulations to reach strict climate goals.

To help with this ambitious project, Anneli Tostar, newly appointed Business Growth Associate of Longevity Partners USA will be in charge of business developments throughout the West Coast. Anneli has an MSc in Sustainable Urban Planning & Design from KTH in Stockholm, and a B.A. in Anthropology and Environmental Science & Public Policy from Harvard University. She has previously worked at The Better Buildings Partnership, where she oversaw stakeholder engagement for a collaboration of UK real estate firms, focused on sustainability.

“I couldn’t be more excited to be joining Longevity in the U.S. as a Business Growth Associate. As someone who grew up in the U.S. and is passionate about environmental equity, the opportunity to bring the expertise of Longevity over to the States is a fortuitous one,” notes Anneli Tostar, Business Growth. “I’m lucky to have been exposed to some of the most ambitious places for sustainability. Making progress on climate action in the built environment is no small feat, but it’s hard to imagine a more qualified team.”

To learn more about how Longevity can guide your company on the path to net-zero carbon, visit: www.longevity.co.uk.

About Longevity Partners

Founded in 2015, Longevity Partners works to make the built environment more responsible, carbon-neutral, and resilient. Longevity Partners provides first-class energy and sustainability advice to the biggest names in the sector, operating across the entire commercial & residential property industry in 38 countries. It believes in long-term partnerships to drive the transition to a low carbon economy through the implementation of innovative tactics.

Victoria Shannon
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Hollub speaks with IHS Markit Vice Chairman Daniel Yergin for the latest CERAWeek Conversations – available at www.ceraweek.com/conversations

WASHINGTON--(BUSINESS WIRE)--Occidental President and CEO Vicki Hollub says that “there has to be a lot more consolidation” among U.S. upstream producers as industry seeks to restore the economies of scale necessary for shale developments in the latest edition CERAWeek Conversations. The market downturn combined with the global pandemic brought the “industry to its knees,” she says, and a renewed focus on full-cycle returns will make it difficult for U.S. oil output to return to its pre-COVID levels.

In a conversation with Daniel Yergin, vice chairman, IHS Markit (NYSE: INFO), Hollub discusses Occidental’s new model for shale projects, public concerns and misconceptions over hydraulic fracturing, the company’s major investments in enhanced oil recovery and direct air capture and how those technological processes are transitioning Occidental towards a future as a “carbon management company.”

The complete video is available at: www.ceraweek.com/conversations

Selected excerpts:
Interview Recorded Wednesday, November 18, 2020

(Edited slightly for brevity only)

• On the evolution of Occidental’s integrated carbon strategy and its future as a “carbon management company:”
  
  “We had been in CO2 enhanced oil recovery for about 40 years. We were trying to figure out a way to ensure the sustainability of our enhanced oil recovery using CO2, not only the sustainability, but how do we lower the cost? Ten years ago, we started thinking about trying to move away from organic CO2 for those projects to anthropogenic CO2.
  
  “As we got to the point where we realized that there was no way to cap global warming at two degrees without a significant amount of carbon capture we then realized that there was an opportunity for us to go further with our anthropogenic plan and make it into a business. We saw that there were other industries that need a way to lower their carbon footprint, and without some way to purchase CO2 credits or to partner in a sequestration or a CO2 use project, they can’t otherwise do it. We saw a lot of opportunities to not only become carbon neutral ourselves but to help others do the same thing.
  
  “Where we got the idea of ‘green oil’ was the fact that it takes more CO2 injected into the reservoir than the barrel of oil that is produced from that CO2 emits when burned. The fact that more injected and less burned means that you are either carbon neutral or negative. It depends on the reservoir as to how much CO2 offset difference there is between the injection and the emission.
  
  “Ultimately, I don’t know how many years from now, Occidental becomes a carbon management company and our oil and gas would be a support business unit for the management of that carbon. We would be not only using [CO2] in oil reservoirs [but] capturing it for sequestration, as well. I expect that in the not too distant future our OxyChem business will also be involved in some way to use CO2 in products that they make. We’d have three ways to manage the CO2 with both OxyChem and the oil and gas business being a support for that. I believe this industry is going to be huge.”

• On Occidental’s investments in direct air capture:
  
  “We’re going to build what would now be the largest direct air capture facility in the Permian Basin. We expect to start on that in late 2022 or early 2023. Direct air capture is a process that just pulls CO2 out of the atmosphere. The great thing about what we’re doing there, when you pull the CO2 out of the air it’s potassium hydroxide that you use as a part of the process to separate the CO2 from the air. Our chemicals business is the largest producer of potassium hydroxide in the U.S. – second largest in the world – so you have a synergy there with our chemicals business. This direct air capture facility then spits off a pure stream of CO2 that we can use in our reservoirs. It enables us to increase oil production while taking advantage of our OxyChem synergies.”

• On the pandemic’s impact on the oil and gas industry:
  
  “The price war combined with the pandemic brought our industry to its knees. We’re a resilient industry and when we get knocked down, we get back up with more determination to be successful. These sorts of things always seem to drive innovation and ingenuity in our industry.
  
  “In addition to finding new ways to create value and to lower our cost, this will also drive a different kind of scenario into our planning process. All of us might have a pandemic scenario from here on out. What that might do is have people doing a lot more lower risk M&A, more like the smaller ones that we’re seeing happening today and even some more mergers of equals.”

• On the changing nature of the shale business and Occidental’s new model for shale development:
  
  “What’s going to change about the industry is there has to be a lot more consolidation. You have to create the scale necessary to optimize full-cycle development. Economies of scale are very important in shale development, otherwise the good returns that you get on the drilling and completion of wells gets eroded by infrastructure. The smaller the scale, the more likely an operator is going to have to do something with respect to consolidation.
  
  “We’re looking at a new model for shale development; that is to take advantage of the infrastructure that we have over time…Now we’re going to be able to further optimize that with the application of CO2 and enhanced oil recovery to the shale process in the future. It’s now this opportunity to mitigate what people have so much concern about with shale: One, the value and low recoveries; secondly, the fact that the decline is very hard to overcome and to grow over time. This model for us is going to maximize the value and increase the value over what we had before.”

• On the growth and recovery of the U.S. shale industry:
  
  “It’s going to be hard for the shale development in the U.S. to get U.S. production back to 13 MMbd. Now, especially as consolidation occurs and as people really focus on full-cycle returns and net present value of their developments, the economics is going to drive a lot of decisions to not do these smaller scale developments. It’s going to take a while for the industry to rationalize out the smaller footprint companies and to help the ones that want to consolidate to get that scale so that development going forward does really generate a true return and profitability.”

• On the changing attitude of investors towards shale:
  
  “There was a time when we had a lot of other places where we could put our capital dollars. Any time we mentioned investment in anything other than the shale, our shareholders got upset about it. When you look at the capital intensity of conventional low decline development vs. high decline shale, the shale pays back right away, but over time that lower decline – the capital intensity – is actually lower over time. We’re happy to have the flexibility to have an alternative. With respect to the shale we do believe that our enhanced oil recovery puts us in a unique position to make it almost seem closer to a low decline kind of asset. Ultimately that’s going to deliver the most value out of the shale.”

• On the Anadarko Petroleum acquisition and its synergies:
  
  “We’re excited about what we’ve been able to accomplish with it. The timing wasn’t great; in less than seven months after the close of the acquisition we had already more than exceeded the synergy target that we had set for Opex and selling, general and administrative expenses. We’re also ahead of schedule with respect to the divestitures. We had said that we would sell $10-15 billion dollars of assets within 12-24 months. We’re now well on our way to exceed $10 billion before the end of Q1 or mid-year next year. We’re on track to do that in what’s probably the worst M&A market ever in our industry.”

• Her outlook for Occidental’s oil export business:
  
  “Exports in the United States had gotten up to about 3 MMbd. Now they’ve dropped to about 2-2.5 MMbd. We’re exporting about 500-600kbd. We believe that the U.S. will continue to be a swing exporter as crudes are needed around the world. WTI is a good substitute for Murban and Arab extra light and WTL is a good sub for Arab super light. We had the opportunity to send barrels to Asia and to fill requirements that they need. With the new Murban pricing that’s now managed by ICE that ANDOC had promoted, that gives us a marker that we believe is going to enable us to get more per barrel than we had been getting otherwise.”

• On partnering with the incoming Biden Administration on common priorities:
  
  “With President-elect Biden I do believe we have the opportunity to collaborate with him. They want to have a climate story. I believe that our climate story and what we want to do could match very well with what they’re trying to accomplish. I believe that, at least on one point, we’re going to be aligned and we can collaborate, and we can hopefully make things happen. On other issues, we want to be there with the Environmental Protection Agency and the Bureau of Land Management as they will almost certainly introduce more regulation on the industry. We don’t have a problem with that because a lot of what’s been recommended in the past we’re doing anyway. We think that there’s some middle ground that we can achieve if we are proactive in dealing with all of the regulatory agencies and doing it early on. They have to put some regulation in. We need to just make it something that’s effective, but reasonable.”

Watch the complete video at: www.ceraweek.com/conversations

About CERAWeek Conversations:

CERAWeek Conversations features original interviews and discussion with energy industry leaders, government officials and policymakers, leaders from the technology, financial and industrial communities—and energy technology innovators.

The series is produced by the team responsible for the world’s preeminent energy conference, CERAWeek by IHS Markit.

New installments will be added weekly at www.ceraweek.com/conversations.

Recent segments also include:

• Post-Election Outlook: Energy, Climate & Geopolitics – Meghan L. O'Sullivan, Jeane Kirkpatrick Professor International Affairs, Harvard University; Atul Arya, chief energy strategist, IHS Markit; Nariman Behravesh, chief economist, IHS Markit. Moderated by IHS Markit Senior Vice President Carlos Pascual
• Growing Share of Gas in India's Energy Mix: What is realistic? – Meg Gentle, president and CEO, Tellurian Inc.; Manoj Jain, chairman and managing director, GAIL India Ltd.; Ernie Thrasher, CEO and chief marketing officer, Xcoal Energy & Resources. Moderated by Michael Stoppard, chief strategist, global gas, IHS Markit
• Indian Energy Innovation – Siddharth Mayur, founder and managing director, h2e Power Systems Pvt. Ltd.; Suruchi Rao, co-founder, Ossus Biorenewables; Vijay Swarup, vice president, research and development, ExxonMobil Research & Engineering Company. Moderated by Atul Arya, senior vice president and chief energy strategist, IHS Markit
• Leadership Dialogue with Tengku Muhammad Taufik – PETRONAS President and Group Chief Executive interviewed by IHS Markit Vice Chairman Daniel Yergin
• New Map of Energy for India – Dr. Rajiv Kumar, vice chairman, NITI Aayog; Amitabh Kant, CEO, NITI Aayog. Moderated by Daniel Yergin, vice chairman, IHS Markit

A complete video library is available at www.ceraweek.com/conversations.

About IHS Markit (www.ihsmarkit.com)

IHS Markit (NYSE: INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 business and government customers, including 80 percent of the Fortune Global 500 and the world’s leading financial institutions. Headquartered in London, IHS Markit is committed to sustainable, profitable growth.

IHS Markit is a registered trademark of IHS Markit Ltd. and/or its affiliates. All other company and product names may be trademarks of their respective owners © 2020 IHS Markit Ltd. All rights reserved.

News Media:

Jeff Marn
IHS Markit
+1 202 463 8213
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Press Team
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 18 companies have now joined The Climate Pledge, a commitment co-founded by Amazon and Global Optimism to meet the goals of the Paris Agreement 10 years early

New signatories are implementing real, science-based, high-impact changes to their businesses, including deploying renewable energy, investing in sustainable buildings, and mobilizing supply chains to reach net-zero carbon by 2040

SEATTLE--(BUSINESS WIRE)--Today, during Web Summit 2020, Amazon (NASDAQ: AMZN) and Global Optimism announced that Boom Supersonic, Cabify, JetBlue, Rivian, and Uber have joined The Climate Pledge, a commitment to be net-zero carbon by 2040—a decade ahead of the Paris Agreement’s goal of 2050.

Signatories to The Climate Pledge agree to:

• Measure and report greenhouse gas emissions on a regular basis;
• Implement decarbonization strategies in line with the Paris Agreement through real business changes and innovations, including efficiency improvements, renewable energy, materials reductions, and other carbon-emission elimination strategies;
• Neutralize any remaining emissions with additional, quantifiable, real, permanent, and socially beneficial offsets to achieve net-zero annual carbon emissions by 2040.

“By signing The Climate Pledge, companies around the world are making a bold commitment to help protect our planet from the devastating impacts of climate change,” said Jeff Bezos, Amazon founder and CEO. “The transportation sector plays a critical role in accelerating our carbon reduction goals, and we welcome Boom, Cabify, JetBlue, Rivian, and Uber as they join us on the journey to net-zero carbon by 2040. The 18 companies who have signed The Climate Pledge so far are demonstrating leadership in the vital transition to a low-carbon economy that will help preserve the environment for future generations.”

Boom is redefining commercial flight by bringing supersonic travel back to the skies. Boom’s historic airliner, Overture, is designed to industry-leading standards of speed, safety, and sustainability. In February 2020, the company announced that the test program for its XB-1 demonstrator will be carbon neutral, through the use of sustainable aviation fuels and high-quality, vetted carbon offsetting. Boom has also committed to making Overture a net-zero carbon aircraft in development, testing, and operation, and is a member of several organizations working to accelerate the adoption and supply of sustainable aviation fuels for the airline industry. In achieving its vision of making the world more accessible, Boom views speed and sustainability as compatible goals.

“In building the world’s fastest airliner, Boom is taking an all-encompassing approach to sustainability. Having made sustainability a company priority from day one, we have been able to build best practices of environmental protection into our programs since the beginning,” said Blake Scholl, Boom founder and CEO. “We are thrilled to join The Climate Pledge and to ensure that speed and sustainability are compatible with one another.”

Cabify is the first and only urban mobility app in Europe and Latin America to be carbon neutral by offsetting 100% of all the carbon emissions that it generates – from its corporate operations and for every ride booked through the app. Cabify is also closely measuring and reducing emissions for its corporate activity and aiming to electrify its transportation fleet in Spain and Latin America—by 2025 and 2030, respectively—to reduce its carbon emissions. The company is focused on increasing environmental protections and promoting renewable energies by working on large-scale efforts in Chile, Peru and Brazil using solutions like blockchain technology for carbon offsetting.

“Efficient urban mobility is key in the fight against climate change,” said Juan de Antonio, Cabify founder and CEO. “Cabify wants to be part of the solution, and that’s why for the third year in a row we have committed to offsetting the carbon emissions that our riders and operations generate while we continue to support the electrification of the fleets we work with. We’re pleased to join The Climate Pledge to continue to be transparent about our sustainability journey.”

JetBlue is the first airline to join The Climate Pledge, and this reaffirms the company’s commitment to taking measurable steps towards reducing its climate impact. In July 2020, JetBlue became the first and only U.S. airline to achieve carbon neutrality for all domestic flights. It now expects to ramp up to over 7 million metric tons of CO2 emissions offset each year—the annual equivalent of removing more than 1.5 million passenger vehicles from the road. JetBlue views carbon offsetting as a bridge as the airline continues to ramp up lower-carbon technologies, such as sustainable aviation fuels, and build more fuel-efficient aircraft and operations. JetBlue began flying regularly out of San Francisco International Airport in July 2020 using a type of a sustainable aviation fuel, which enables up to an 80 percent reduction in CO2 emissions before being blended with traditional jet fuel.

“Air travel connects people and cultures, and supports a global economy. Our commitment to sustainability has become even more important as we prepare our business for a new climate reality,” said Robin Hayes, JetBlue CEO. “We are proud to join The Climate Pledge and join a community of like-minded organizations dedicated to reaching net zero-carbon by 2040. The climate crisis remains one of the biggest threats facing our industry. Our planet is physically changing, as are the expectations of our customers, crewmembers, and investors. Now is the time to rebuild operations in more sustainable ways, such as adopting sustainable aviation fuel and setting clear strategies to reduce net aviation CO2 emissions.”

Rivian is launching a range of adventure-oriented vehicles, as well as delivery vans specifically for Amazon last-mile delivery applications. The company’s launch products, the R1T and R1S, deliver a unique combination of performance, off-road capability and utility. These vehicles use the company’s flexible skateboard platform and will be produced at Rivian’s manufacturing plant in Normal, Ill., with customer deliveries to begin in June 2021.

"Rivian was formed to help build the kind of future our kids and our kids’ kids deserve. Rivian’s commitment to sustainable vehicle production in our consumer products and commercial vans is driven by this core objective,” said RJ Scaringe, Rivian founder and CEO. “Addressing climate change requires individuals and entire industries to come together to create solutions that shift consumer mindsets and inspire other companies to fundamentally change the way they operate. We’re excited to join The Climate Pledge community that will share knowledge, ideas, and best practices on this important mission."

Uber has committed to become a fully zero-emission platform by 2040, with 100% of rides taking place in zero-emission vehicles, on public transit, or with micromobility options such as bikes and scooters. Uber had previously set a goal to provide 100% of rides in electric vehicles (EVs) by 2030 in U.S., Canadian, and European cities. Uber has also committed to reach net-zero emissions from its corporate operations by 2030. To reach these goals, Uber is expanding Uber Green to make it easier for riders to choose to travel in hybrids or EVs; dedicating $800 million in resources to help hundreds of thousands of drivers transition to EVs by 2025; investing in our multimodal network to provide sustainable alternatives to personal cars; and being transparent and accountable to the public along the way.

“As we announced in September, Uber is taking this moment as an opportunity to drive a green recovery from the pandemic,” said Dara Khosrowshahi, Uber CEO. “We invite every company in the world to join The Climate Pledge and take action to reduce their environmental impact. Together we can more aggressively tackle the urgent challenge of climate change.”

“The Paris Agreement set out a unifying roadmap for all countries and all people to address the climate crisis by taking action,” said Christiana Figueres, the UN’s former climate change chief and Global Optimism’s founding partner. “By joining The Climate Pledge, signatories are not just making a statement of commitment to the future, they also are setting a pathway to significant actions and investments that will create jobs, spur innovation, regenerate the natural environment, and help consumers to buy more sustainable products.”

Race To Zero is a global campaign supported by The Climate Pledge to rally leadership and support from businesses, cities, regions, and investors for a healthy, resilient, zero carbon recovery. Race to Zero is partnering with Web Summit at this year’s virtual conference being held Dec. 2-4 to highlight the importance of companies coming together.

In 2019, Amazon and Global Optimism co-founded The Climate Pledge, a commitment to reach the Paris Agreement 10 years early and be net-zero carbon by 2040. Eighteen organizations have now signed The Climate Pledge: Amazon, Best Buy, Boom, Cabify, Henkel, Infosys, JetBlue, McKinstry, Mercedes-Benz, Oak View Group, Real Betis, Reckitt Benckiser (RB), Rivian, Schneider Electric, Siemens, Signify, Uber, and Verizon. These companies are sending an important signal that there will be rapid growth in demand for products and services that help reduce carbon emissions. For more information visit www.theclimatepledge.com.

About Amazon

Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire tablets, Fire TV, Amazon Echo, and Alexa are some of the products and services pioneered by Amazon. For more information, visit www.amazon.com/about.

About Global Optimism

Global Optimism exists to precipitate transformational, sector-wide change. Achieving a zero emissions future is not a far-off challenge. It’s one we must get on track for now. Every scientific assessment shows that to meet the goal of net -zero emissions by 2050, to keep global heating below 1.5 degrees Celsius, we must halve our emissions between 2020 and 2030. Tackling the climate crisis is only possible when everyone, everywhere plays their part. We work with like-minded collectives from all sectors who are willing to invest in the choices required to be on this challenging – and life-affirming – journey. For more information, visit https://globaloptimism.com/.

Amazon.com, Inc.
Media Hotline
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SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)--The Garmin Ltd. (NASDAQ: GRMN) board of directors has established December 31, 2020 as the payment date for the next dividend installment of $0.61 per share with a record date of December 15, 2020. At the 2020 annual shareholders’ meeting, Garmin shareholders, in accordance with Swiss corporate law, approved a cash dividend in the total amount of $2.44 per share (subject to adjustment in the event that the Swiss Franc weakens more than 35% relative to the USD), payable in four equal installments on dates to be determined by the Board in its discretion. The first and second payments were made on June 30, 2020 and September 30, 2020. The Board currently anticipates the scheduling of the remaining quarterly dividend installment as follows:

About Garmin Ltd:

For decades, Garmin has pioneered new GPS navigation and wireless devices and applications that are designed for people who live an active lifestyle. Garmin serves five primary markets, including automotive, aviation, fitness, marine, and outdoor recreation. For more information, visit Garmin's virtual pressroom at garmin.com/newsroom, contact the Media Relations department at 913-397-8200, or follow us at facebook.com/garmin,instagram.com/garmin, twitter.com/garmin, or youtube.com/garmin.

Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin is a registered trademark of Garmin Ltd.

Notice on Forward-Looking Statements:

This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management’s current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors that are described in both the Annual Report on Form 10-K for the year ended December 28, 2019 and the Quarterly Report on Form 10-Q for the quarter ended September 26, 2020 filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). A copy of Garmin’s 2019 Form 10-K and the Q3 2020 Form 10-Q can be downloaded from https://www.garmin.com/en-US/investors/sec/. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

Category: Corporate

Investor Relations Contact:
Teri Seck
913/397-8200
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Media Relations Contact:
Carly Hysell
913/397-8200
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The relationship brings together decades of energy project finance and electric vehicle (EV) infrastructure experience to develop strategies for fleet electrification

HOUSTON--(BUSINESS WIRE)--Pickering Energy Partners (PEP), a Houston-based energy financial services firm, today announced a new partnership providing support for electrification of public and private vehicle fleets. The collaboration will build on the strong momentum seen in the EV market and will evaluate turnkey solutions for clients looking to transition to electric vehicle fleets, utilizing the group’s development expertise and financing capabilities.

PEP’s 150 years of collective experience in the energy and financial services sectors will be combined with oversight from Glen Stancil, founder of eMotive Solutions and an expert in EV charging infrastructure. Previously, Mr. Stancil was Co-founder and COO of EVgo and began his career at Reliant Energy and McKinsey & Company.

With numerous companies and municipalities committing to the energy transition, momentum behind fleet electrification will continue to grow over the coming years. While special purpose acquisition companies (SPACs) have brought capital into the EV sector, it has been focused on larger transactions and startup companies, generally overlooking project finance or customer-based solutions. PEP will be a trusted resource and financing partner to a diverse set of customers looking to build or expand their EV fleets.

“At Pickering Energy Partners, we’re always looking for ways to help our clients attack the future of the energy industry,” said Dan Pickering, Chief Investment Officer of Pickering Energy Partners. “Our firm’s planned partnership and expansion into the electric vehicle sector, focused on financing and development capital, will bring our expertise to this emerging sector as part of an ongoing focus on the energy transition.”

PEP’s venture into the EV infrastructure sector furthers the firm’s commitment to serve client needs created by the energy transition. The energy transition opportunities the firm is pursuing are very narrowly focused on the critical investment needed to support the shift from hydrocarbons to electrification. Earlier this year, PEP formally launched an energy consulting practice that provides institutional and corporate clients with strategic energy knowledge, an extensive industry network, and investment expertise while also helping them address energy transition and Environmental, Social, Governance (ESG) issues.

To learn more about PEP’s electric vehicle infrastructure finance capabilities, consulting capabilities and other business offerings, click here to visit PEP’s website or contact Walker Moody at (713) 804-7577.

About Pickering Energy Partners The original Pickering Energy Partners (PEP) was founded in early 2004 by Dan Pickering as an institutional energy research firm before subsequently partnering with Bobby Tudor and Maynard Holt in 2007 to become Tudor, Pickering, Holt & Company. Today's Pickering Energy Partners takes an entrepreneurial approach to a global natural resources-focused financial services platform with customized asset management strategies and a high impact consulting capability. Headquartered in Houston, Texas, PEP delivers an experienced, opportunistic team that aims to provide guidance and long-term value for clients while having a positive impact on the companies and communities that PEP invests in. For more information, please visit www.PickeringEnergyPartners.com. PEP is an SEC Registered Investment Advisor located in Houston, Texas. PEP does not provide corporate advisory or investment banking services on energy-related transactions.

Walker Moody at (713) 804-7577

HIAWATHA, Iowa--(BUSINESS WIRE)--#Oi20--Crystal Group, Inc., a leading designer and manufacturer of rugged computer and electronic hardware, announced today it is participating in Oceanology International Connect 2020 Dec. 1-4, 2020.

Crystal Group is poised to deliver game-changing solutions to the maritime environment, particularly in offshore oil and gas, unmanned exploration, prevention and safety, shipping, maintenance, monitoring and more. Visitors to Crystal Group’s virtual booth during the conference will have the opportunity to discover the company’s product lines and capabilities through an interactive, 3D experience.

“Our ability to digitize and automate critical applications in this market promises to transform the maritime operational and tactical landscapes,” said Bob Haag, vice president of Sales & Marketing for Crystal Group. “Whether it’s oil fields or oil rigs, on water or on land, these rugged-edge industries all require improved monitoring, control and cost efficiencies. By re-architecting, ruggedizing and virtualizing the IT infrastructure underpinning their operations, we deliver a coveted combination of powerful artificial intelligence capabilities for greater situational awareness and critical cybersecurity protections in a reduced physical footprint for extreme environments.”

Oceanology International 2020 attendees will learn about Crystal Group’s range of advanced solutions, expertise and success in ruggedizing commercial off-the-shelf (COTS) products for a range of industries, including military, oil and gas, power distribution, autonomous vehicles, railway systems and more.

That includes the more than 15,000 rugged servers Crystal Group has delivered to the U.S. Navy since 2008. Designed to eliminate IT’s failure risks and provide unmatched deployed reliability, Crystal Group designs and manufactures compute systems fortified to withstand shock, vibration and temperature extremes, as well as sea spray and salt fog characteristic to wet and humid maritime environments.

About Crystal Group, Inc.

Crystal Group, Inc., a technology leader in rugged computer hardware, specializes in the design and manufacture of custom and commercial rugged servers, embedded computing, networking devices, displays, and data storage for high reliability in harsh environments. A small employee-owned business founded in 1987, Crystal Group provides the defense, government and industrial markets with integrated solutions that bring seamless, real-time artificial intelligence, autonomy and cybersecurity to demanding edge applications.

Crystal Group products meet or exceed IEEE, IEC, and military standards, including MIL-STD-810, 167-1, 461, and MIL-S-901; are backed by a five-plus-year warranty. All products are manufactured in the company’s facility certified to ISO 9001:2015/AS9100D quality management standards.

©2020 Crystal Group, Inc. All rights reserved. All marks are property of their respective owners. Design and specifications are subject to change.

Contact: Karen Hildebrand
Phone: 319.200.2968
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

• Faraday Future to Utilize Fully Submerged Battery Cooling Technology in the All-new FF 91 Luxury EV
• Faraday Future and MIVOLT Recently Collaborated on a Joint Industry Discussion That Took an In-depth Look at EV Battery Technology Using Submerged Cooling
• Faraday Future’s Battery Technology Will Give the Upcoming FF 91 a Projected Range of up to 378 Miles^*

LOS ANGELES--(BUSINESS WIRE)--Faraday Future (FF), a California-based global shared intelligent mobility ecosystem company, today announced that it is partnering with MIVOLT on a fully submerged battery cooling system for the FF 91 luxury EV. MIVOLT will provide FF with advanced dielectric coolant materials that will support FF’s existing patented liquid cell submerged onboard cooling system, which includes a self-contained and fail-safe architecture battery pack design.

FF and MIVOLT recently collaborated on “Going Further,” a live, joint webcast that took an in-depth look at EV battery technology using submerged cooling. Experts from both companies – including Nicolas Bel, Senior Lead Thermal Engineer at FF – explained the benefits of the FF submerged cooling system using MIVOLT fluids as a dielectric coolant. A video of the webcast can be found here: https://youtu.be/sA7U_o19xtk

“We are thrilled to have the opportunity to partner with MIVOLT, a proven global leader in immersion cooling fluids, including the automotive space,” said Bob Kruse, Senior Vice President, Product Execution and Vehicle Engineering at Faraday Future. “At FF, we are working with leading-edge technology partners to advance our technological innovations, and MIVOLT continues to build on a reputation for innovative products and superior technical knowledge.”

FF’s battery pack is a key system of its Variable Platform Architecture (VPA) that supports extraordinary vehicle capabilities such as ranges up to 378 miles and acceleration times as low as 0 to 60 mph in 2.39 seconds.^* FF’s VPA also allows the FF 91 to fast charge at a rate of 500 miles of range per hour. These industry-changing numbers require a sophisticated system to deliver them safely and efficiently and such a system is directly tied to the thermal management of the battery pack.

FF explored numerous different cooling methods as the VPA was designed. After a wide-ranging evaluation, the FF team came up with a unique solution: a fully submerged system. In 2015, FF pioneered a patented cooling scheme where all major battery components are submerged in coolant.

The battery cells perform their best at temperatures near room temperature, and, as they release or store energy, they tend to get hot, so the cooling scheme becomes a crucial part to ensure top performance during the useful life of the vehicle. The coolant FF chose is a non-conductive liquid with excellent thermal properties that allows the pack to have uniform temperature across all its components. With the coolant surrounding every inch of cells, current collectors, and control units, we achieve stable temperatures between modules and strings, enabling the battery pack to better respond to the high demands of our vehicle.

The cooling system also eliminates potential risk of corrosion as all electrical components and their connections are submerged in the fluid. FF engineers reduced the spacing between cells and increased the total energy density of the pack, as the coolant can flow freely even at millimetric distances. Also, it provides a natural dampening effect relative to component vibration. The pack used in the FF 91 incorporates an innovative coolant flow design enabling each cell to be individually cooled.

FF continuously strives to incorporate new ideas to improve vehicle performance, reliability, safety, and user-focused features in FF’s overall design ideology.

From expressive aerodynamic exteriors to thoughtfully improved and driver-focused technologies, our talented engineers and designers embrace this vision and pursue exciting new approaches to remedy long-standing issues in the traditional automotive industry.

According to FF’s production launch plan, FF 91 will kick off production approximately nine months following the closing of a successful round of funding. The newly announced FF 81 EV and development preparation for future models and next generation core technologies will follow the introduction of FF 91.

ABOUT FARADAY FUTURE

Established in May 2014, Faraday Future (FF) is a California-based global shared intelligent mobility ecosystem company, headquartered in Los Angeles. FF's vision is to create a shared intelligent mobility ecosystem that empowers everyone to move, connect, breathe, and live freely. FF aims to perpetually improve the way people move by creating a forward-thinking mobility ecosystem that integrates clean energy, AI, the internet and new usership models. With the FF 91, FF has envisioned a vehicle that redefines transportation, mobility, and connectivity, creating a true “third internet living space,” complementing users’ home and smartphone internet experience.

ABOUT M&I MATERIALS

M&I Materials is an independent, privately owned British company whose roots can be traced back to 1901. They export their specialist materials to 60+ countries around the globe from their Trafford Park base and have an expanding network of international offices and production facilities across the Americas, Africa, Middle East, Europe and Asia Pacific. The company counts household names such as Siemens, ABB, Boeing, CERN and NASA among its client base client base, and provides to a wide range of sectors including power and aerospace, to nuclear medicine and high-performance motorsports.

MIVOLT, the range of dielectric liquids M&I Materials has engineered for the EV market, acts as an immersion coolant for both EV batteries and charging points, preventing overheating. Manufacturers can therefore safely increase power output for higher performance EVs and enable superfast charging. Better protection from thermal stress also increases battery longevity and range. As non-conductive fluids, MIVOLT can come into direct contact with electronic components, which is both a more effective method of heat removal and a lighter-weight option than other designs relying on pipework to conduct coolant, or cooling plates.

FOLLOW FARADAY FUTURE:
https://www.ff.com/
https://twitter.com/FaradayFuture
https://www.facebook.com/faradayfuture/
https://www.instagram.com/faradayfuture/
www.linkedin.com/company/faradayfuture

^*Projected range up to 378 miles when variant equipped with 6 battery strings and 1 motor. Zero-60 mph time captured in variant equipped with 6 battery strings and 3 motors.

FORWARD LOOKING STATEMENTS

This communication 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. When used herein, words such as “address,” “anticipate,” “believe,” “consider,” “continue,” “develop,” “estimate,” “expect,” “further,” “goal,” “intend,” “may,” “plan,” “potential,” “project,” “seek,” “should,” “target,” “will,” and variations of such words and similar expressions as they relate to FF or the proposed transactions are often used to identify such statements as “forward-looking statements.” Such statements reflect the current views of FF and its management with respect to future events, including the proposed transactions, and are subject to certain risks and uncertainties that may cause actual results to differ materially from the results expressed in, or implied by, these forward-looking statements.

For More Information About Faraday Future, Contact:
John Schilling
Director, Public Relations
310-956-6488
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Ticker symbols to remain “PAA” and “PAGP”

HOUSTON--(BUSINESS WIRE)--Plains All American Pipeline, L.P. (NYSE: PAA) and Plains GP Holdings (NYSE: PAGP) (“Plains”) today announced plans to voluntarily transfer the stock exchange listings of their common equity securities from the New York Stock Exchange to The Nasdaq Global Select Market effective December 11, 2020 after market close. PAA common units and PAGP Class A shares will begin trading as Nasdaq-listed securities on December 14, 2020 under their existing ticker symbols.

“The transfer from NYSE to Nasdaq aligns with Plains’ ongoing commitment to reduce costs,” said Willie Chiang, Plains’ Chairman and CEO. “We thank the NYSE for their valued partnership with Plains for more than 20 years, and we look forward to our new relationship with Nasdaq.”

PAA is a publicly traded master limited partnership that owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids (“NGL”) and natural gas. PAA owns an extensive network of pipeline transportation, terminalling, storage and gathering assets in key crude oil and NGL producing basins and transportation corridors and at major market hubs in the United States and Canada. On average, PAA handles more than 6 million barrels per day of crude oil and NGL in its Transportation segment. PAA is headquartered in Houston, Texas. More information is available at www.plainsallamerican.com.

PAGP is a publicly traded entity that owns an indirect, non-economic controlling general partner interest in PAA and an indirect limited partner interest in PAA, one of the largest energy infrastructure and logistics companies in North America. PAGP is headquartered in Houston, Texas. More information is available at www.plainsallamerican.com.

Roy Lamoreaux
Vice President, Investor Relations, Communications and Government Relations
(866) 809-1291

Brett Magill
Director, Investor Relations
(866) 809-1291

DUBLIN--(BUSINESS WIRE)--The "Wind Turbine Market in India & South East Asia Outlook Update H2 2020" report has been added to ResearchAndMarkets.com's offering.

Imports of Wind turbine to India took a massive hit in H1 2020 due to supply chain restrictions, market returning to "Business As Usual" mode in H2 2020

Wind installations levels in India have significantly declined after the reverse auction mechanism was introduced in the wind sector after several years of growth. Moreover, India installed only 2.4 GW (1.23 GW in H1 2019) of wind capacity in 2019 which is close to 34% below the estimated targeted wind capacity. The dismal response of the wind capacity addition is mainly attributed to the financial stress of turbine makers, land acquisition issues and grid connectivity delays resulting in denting investors sentiments in wind segment.

However, COVID-19 outbreak has effected the supply chains that begin in or go through China. As a result of the factory shutdowns in China during H1 2020, many disruptions have been felt across the supply chain including the imports. Consequently, India turbine market take a hit due to restrictions on transportation of wind turbine from China as vital parts such as gear box, yaw components, blades for rotor, sub-parts of such blades are imported, mostly from China. As economies are returning back to the normal, the wind projects are also returning to " Business as usual" mode in H2 2020.

Key Topics Covered:

1. This Half Yearly
2. Key Features
3. Leading Edge
4. Numbers to Learn
5. The Eighty - 20 of Industry - What Matters?
6. Key Signposts
7. Deployment Trends
8. Technology
9. Price Trends
10. Industry Activities & Corporate Strategies

Companies Mentioned

• General Electric
• Vestas India
• Suzlon
• Inox Wind
• Wind World
• Indowind Energy Limited
• Siemens Gamesa
• Envision Energy
• Acciona Nordex
• ReNew Power
• Regen Powertech Pvt. Ltd.
• Enercon India Pvt. Ltd.
• Orient Green Power Ltd.
• Enel Green Power India Pvt Ltd
• Senvion India Pvt Ltd
• Continuum Wind Energy India Pvt Ltd
• Hero Future Energies Pvt Ltd
• Indian Wind Turbine Manufacturers Association

For more information about this report visit https://www.researchandmarkets.com/r/2ng5o4

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For E.S.T Office Hours Call 1-917-300-0470
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FORT WORTH, Texas--(BUSINESS WIRE)--Double Eagle III Midco 1 LLC (the “Company”) and Double Eagle Finance Corporation (“Finance Corp” and, together with the Company, “Double Eagle”) both wholly owned by DoublePoint Energy, LLC, today announced the closing of a private placement to eligible purchasers of $650 million in aggregate principal amount of 7.75% senior notes due 2025 (the “Notes”) at par. Double Eagle intends to use the net proceeds from the private placement to fully repay both its term loan and amounts outstanding under its revolving credit facility, and the remainder for general company purposes.

The Notes have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws, and unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. The Notes are expected to be eligible for trading by qualified institutional buyers under Rule 144A of the Securities Act and outside the United States pursuant to Regulation S of the Securities Act.

This press release is neither an offer to sell nor a solicitation of an offer to buy the Notes or any other securities and shall not constitute an offer to sell or a solicitation of an offer to buy, or a sale of, the Notes or any other securities in any jurisdiction in which such offer, solicitation or sale is unlawful.

About Double Eagle

Double Eagle is a Fort Worth, Texas-based privately held oil and natural gas company engaged in the acquisition, exploration and development of oil and natural gas assets in the Midland Basin.

Forward-Looking Statements

This press release contains forward-looking statements based on Double Eagle’s current expectations that involve a number of risks and uncertainties. Generally, forward-looking statements do not relate strictly to historical or current facts and may include words such as “believes,” “will,” “expects,” “anticipates,” “intends” or similar words or phrases. Forward-looking statements in this press release include, but are not limited to, statements regarding the proposed offering and the intended use of proceeds. No forward-looking statement can be guaranteed. Numerous risks, uncertainties and other factors may cause actual results to differ materially from those expressed in any forward-looking statement.

Double Eagle Contact:
Patrick Leach
Corporate Development
817-840-5482
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DUBLIN--(BUSINESS WIRE)--The "Europe Geosteering Technology Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Product, Measurement-While-Drilling, Rotary Steerable Systems, Drive Systems, and Others and Application" report has been added to ResearchAndMarkets.com's offering.

According to this report the European geosteering technology market is expected to reach US$7,620.25 million by 2027 from US$4,190.86 million in 2019.

The market is estimated to grow at a CAGR of 11.7% from 2020 to 2027. The report provides trends prevailing in the Europe geosteering technology market along with the drivers and restraints pertaining to the market growth. Surge in demand for precise real-time information to achieve maximum production and increase in production of shale and resulting rise in horizontal and unconventional drilling are the major factor driving the growth of the Europe geosteering technology market. However, expensive materials and overall manufacturing process hinder the growth of Europe geosteering technology market.

In the case of COVID-19, Europe is highly affected specially UK and Russia. In Europe, several countries are expected to suffer an economic hit of the decline in business activities across the oil & gas sector due to lowering oil prices in the first quarter of 2020. Many of these member states have implemented drastic measures on imports & exports, and shipment of goods including partially closing their borders impacting the demand for energy in various industry verticals. This is anticipated to impact market growth of geosteering technologies and its associated services in Europe following the outbreak of pandemic. The lockdown is expected to continue negative impact on the geosteering technology market in Europe due to disruption in oil & gas sector and drilling activities across selected countries. However, as several countries begin to reopen industry vertical and subsequently drive the demand for energy is expected to resume the drilling activities to support the growth. Thus, the market is projected to recover steadily over the coming period and gain traction for geosteering technologies during the later forecast period.

The Europe geosteering technology market is segmented in terms of product, application, and country. Based on the product, the market is segmented into logging while drilling (LWD), measurement-while-drilling (MWD), rotary steerable systems (RSS), drive systems, and others. Logging while drilling (LWD) segment held the largest market share in 2019. Measurement-while-drilling (MWD) segment is expected to be fastest growing during forecast period. Based on the application, the market is segmented into petroleum development, natural gas transportation, and others. The petroleum development segment held the largest share of market in 2019 and is expected to be fastest growing segment during forecast period.

Cougar Drilling Solution Inc.; Emerson Paradigm Holding LLC; Exlog; Geonaft; Halliburton Energy Services, Inc.; ROGII Inc.; Schlumberger Limited are among the leading companies in the Europe geosteering technology market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2019, Schlumberger Limited entered in JV with Rockwell Automation Inc. to develop Sensia, the oil and gas industry's pioneer of digital enabled automated integrated solution.

Reasons to Buy

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe geosteering technology market.
• Highlights key business priorities in order to assist companies to realign their business strategies
• The key findings and recommendations highlight crucial progressive industry trends in Europe geosteering technology market, thereby allowing players across the value chain to develop effective long-term strategies
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
• Scrutinize in-depth Europe market trends and outlook coupled with the factors driving geosteering technology market, as well as those hindering it
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

Market Dynamics

Drivers

• Surge in Demand for Precise Real-Time Information to Achieve Maximum Production
• Increase in Production of Shale and Resulting Rise in Horizontal and Unconventional Drilling

Restraints

• Expensive Materials and Overall Manufacturing Process

Opportunities

• Rise in Initiatives by Market Players for Digitization of Geosteering Technology

Future Trends

• Growing Demand for Intensive R&D

Companies Mentioned

• Cougar Drilling Solution Inc.
• Emerson Paradigm Holding LLC
• Exlog
• Geonaft
• Halliburton Energy Services, Inc.
• ROGII Inc.
• Schlumberger Limited

For more information about this report visit https://www.researchandmarkets.com/r/6vaw28

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For E.S.T Office Hours Call 1-917-300-0470
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SAN FRANCISCO--(BUSINESS WIRE)--Pacific Gas and Electric Company (PG&E) announced today that it plans to sell its Pleasant Creek natural gas storage field, located in Yolo County, Calif. The Pleasant Creek field is the smallest of four underground natural gas storage fields owned wholly or partly by PG&E. With a natural gas inventory capacity of 2.3 billion cubic feet (Bcf), the Pleasant Creek field accounts for about two percent of PG&E’s total storage inventory capacity.¹ A successful sale will allow ratepayers to avoid decommissioning and remediation costs.

About the Pleasant Creek Natural Gas Storage Field

The Pleasant Creek storage field lies partly within the city of Winters and partly in unincorporated Yolo County. A previous owner discovered the field and operated it from 1948 to 1958 as a natural gas production field. PG&E acquired the field in 1958 and began operating it as a natural gas storage field in 1960.

The Pleasant Creek storage field consists of approximately 400 acres of land, an additional 2,167 acres of subsurface rights, six injection and withdrawal wells, compression and processing facilities, as well as pipeline infrastructure that connects the field to PG&E’s gas transmission system.

Reasons for Sale

Several factors led PG&E to a determination that the Pleasant Creek field is no longer a necessary asset for providing safe, reliable natural gas service to customers, including PG&E’s assessment of future gas demand and the existence of ample storage capacity at PG&E’s other gas storage fields.

In its 2019 Gas Transmission and Storage (GT&S) Rate Case at the California Public Utilities Commission (CPUC), PG&E proposed a reliability-focused storage service strategy, which was approved. This proposal included the sale or decommissioning of the Pleasant Creek field. In the event of a successful sale, the facility will not be decommissioned by PG&E.

The proposed sale is not related to bankruptcy, from which PG&E emerged this past July.

Sale Announcement

PG&E’s full sale notification may be found here. This link provides a summary description of the Pleasant Creek field and invites interested parties to: (1) notify PG&E of their interest; (2) sign a standard non-disclosure agreement; and (3) receive a prospectus and other confidential materials describing the Pleasant Creek natural gas storage field.

About PG&E

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

¹ PG&E’s other three natural gas storage fields—Los Medanos, McDonald Island, and Gill Ranch (25 percent interest)—have a combined maximum inventory capacity of 104.9 Bcf.

MEDIA RELATIONS:
415-973-5930

NEW YORK--(BUSINESS WIRE)--Sheppard, Mullin, Richter & Hampton LLP is pleased to announce that Soyun Park has joined the firm’s Energy, Infrastructure and Project Finance Team and the Tax, Employee Benefits, and Trusts and Estates practice group as a partner in the New York office. Park joins from Winston & Strawn. She is the 14^th partner to join Sheppard Mullin in 2020.

"We’ve added some incredibly smart and talented tax attorneys to our team over the past few years as we continue building our transactional practices,” said Jon Newby, vice chairman of Sheppard Mullin. "Soyun is a first-class attorney with a wealth of knowledge and experience that makes her a valuable addition to our Energy Team and Tax practice group. We’re thrilled she’s joined us."

Amy L. Tranckino, leader of the firm’s Tax, Employee Benefits, and Trusts and Estates practice, added, "Soyun will bring her transactional and structuring skills to clients in the renewable energy sector, many of whom have parent companies overseas and multiple overseas investments. Her experience also dovetails with our existing international tax capabilities and our robust Korea practice. Her ability to help clients navigate tax implications on a wide range of issues and her international tax planning experience will be of great benefit to our cross-border clients."

Park concentrates her practice on international tax planning and transactional matters. She advises domestic and multinational clients in connection with their structural and transactional tax planning, including advice concerning domestic and cross-border mergers and acquisitions, financings, dispositions, restructurings, joint ventures, financial products, securities offerings, and other major transactions. At Sheppard Mullin, Soyun will focus her efforts on renewable energy transactions, international tax planning, and expanding the firm’s Korea practice. Park earned her B.S. from Columbia University, her J.D. from Georgetown University Law Center, and her LL.M. from New York University School of Law.

About Sheppard Mullin’s Tax, Employee Benefits, and Trusts and Estates Practice

Sheppard Mullin's tax attorneys provide sophisticated advice in all areas of corporate, partnership, real estate, renewable energy, tax credit transactions, and international taxation; employee benefits; executive compensation; private equity and hedge fund formation and operation; debt and equity financing and derivative and hybrid securities; tax-exempt organizations; and estate planning and wealth transfer. Based on our understanding of evolving and complex tax law, we are often able to design sophisticated transactions that are advantageous for our clients.

About Sheppard, Mullin, Richter & Hampton LLP

Sheppard Mullin is a full-service Global 100 firm with more than 900 attorneys in 15 offices located in the United States, Europe and Asia. Since 1927, industry-leading companies have turned to Sheppard Mullin to handle corporate and technology matters, high-stakes litigation and complex financial transactions. In the U.S., the firm's clients include almost half of the Fortune 100. For more information, please visit www.sheppardmullin.com.

KARA EYER
(312) 499-0533
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LEAWOOD, KS--(BUSINESS WIRE)--Tortoise today announced the following unaudited balance sheet information and asset coverage ratio updates for TYG, NTG, TTP, NDP, TPZ and TEAF.

Tortoise Energy Infrastructure Corp. (NYSE: TYG) today announced that as of November 30, 2020, the company’s unaudited total assets were approximately $456.0 million and its unaudited net asset value was $306.3 million, or $24.94 per share.

As of November 30, 2020, the company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 435 percent, and its coverage ratio for preferred shares was 330 percent. For more information on the company’s coverage ratios, please refer to the leverage summary web page at https://cef.tortoiseecofin.com.

Set forth below is a summary of the company’s unaudited preliminary balance sheet at November 30, 2020.

Unaudited preliminary balance sheet

12.28 million common shares currently outstanding.

TYG has completed approximately $18.1 million of share repurchases under the publicly announced repurchase plan allowing up to $25.0 million through December 31, 2020. Under the program, TYG has repurchased 1,084,400 shares of its common stock at an average price of $16.687 and an average discount to NAV of 24.8%.

Tortoise Midstream Energy Fund, Inc. (NYSE: NTG) today announced that as of November 30, 2020, the company’s unaudited total assets were approximately $226.7 million and its unaudited net asset value was $149.8 million, or $25.56 per share.

As of November 30, 2020, the company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 394 percent, and its coverage ratio for preferred shares was 320 percent. For more information on the company’s coverage ratios, please refer to the leverage summary web page at https://cef.tortoiseecofin.com.

Set forth below is a summary of the company’s unaudited preliminary balance sheet at November 30, 2020.

Unaudited preliminary balance sheet

5.86 million common shares currently outstanding.

NTG has completed approximately $8.0 million of share repurchases under the publicly announced repurchase plan allowing up to $12.5 million through December 31, 2020. Under the program, NTG has repurchased 475,322 shares of its common stock at an average price of $16.921 and an average discount to NAV of 25.5%.

Tortoise Pipeline & Energy Fund, Inc. (NYSE: TTP) today announced that as of November 30, 2020, the company’s unaudited total assets were approximately $69.3 million and its unaudited net asset value was $48.2 million, or $19.96 per share.

As of November 30, 2020, the company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 476 percent, and its coverage ratio for preferred shares was 334 percent. For more information on the company’s coverage ratios, please refer to the leverage summary web page at https://cef.tortoiseecofin.com.

Set forth below is a summary of the company’s unaudited preliminary balance sheet at November 30, 2020.

Unaudited preliminary balance sheet

2.41 million common shares currently outstanding.

TTP has completed approximately $1.4 million of share repurchases under the publicly announced repurchase plan allowing up to $5.0 million through December 31, 2020. Under the program, TTP has repurchased 94,976 shares of its common stock at an average price of $14.254 and an average discount to NAV of 25.0%.

Tortoise Energy Independence Fund, Inc. (NYSE: NDP) today announced that as of November 30, 2020, the company’s unaudited total assets were approximately $35.5 million and its unaudited net asset value was $30.3 million, or $16.41 per share.

As of November 30, 2020, the company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 706 percent. For more information on the company’s coverage ratios, please refer to the leverage summary web page at https://cef.tortoiseecofin.com.

Set forth below is a summary of the company’s unaudited preliminary balance sheet at November 30, 2020.

Unaudited preliminary balance sheet

1.85 million common shares currently outstanding.

Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE: TPZ) today announced that as of November 30, 2020, the company’s unaudited total assets were approximately $116.2 million and its unaudited net asset value was $89.6 million, or $13.01 per share.

As of November 30, 2020, the company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 442 percent. For more information on the company’s coverage ratios, please refer to the leverage summary web page at https://cef.tortoiseecofin.com.

Set forth below is a summary of the company’s unaudited preliminary balance sheet at November 30, 2020.

Unaudited preliminary balance sheet

6.89 million common shares currently outstanding.

TPZ has completed approximately $0.8 million of share repurchases under the publicly announced repurchase plan allowing up to $5.0 million through August 31, 2021. Under the program, TPZ has repurchased 78,206 shares of its common stock at an average price of $9.615 and an average discount to NAV of 24.8%

Tortoise Essential Assets Income Term Fund (NYSE: TEAF) today announced that as of November 30, 2020, the company’s unaudited total assets were approximately $246.7 million and its unaudited net asset value was $214.6 million, or $15.91 per share.

As of November 30, 2020, the company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 790 percent. For more information on the company’s coverage ratios, please refer to the leverage summary web page at https://cef.tortoiseecofin.com.

Set forth below is a summary of the company’s unaudited preliminary balance sheet at November 30, 2020.

Unaudited preliminary balance sheet

13.49 million common shares outstanding.

The top 10 holdings for TYG, NTG, TTP, NDP, TPZ and TEAF as of the most recent month-end can be found on each fund’s portfolio web page at https://cef.tortoiseecofin.com.

About Tortoise

Tortoise focuses on energy & power infrastructure and the transition to cleaner energy. Tortoise’s solid track record of energy value chain investment experience and research dates back more than 20 years. As one of the earliest investors in midstream energy, Tortoise believes it is well-positioned to be at the forefront of the global energy evolution that is underway. With a steady wins approach and a long-term perspective, Tortoise strives to make a positive impact on clients and communities. For additional information, please visit www.TortoiseEcofin.com.

Tortoise Capital Advisors, L.L.C. is the Adviser to Tortoise Energy Infrastructure Corp., Tortoise Midstream Energy Fund, Inc., Tortoise Pipeline & Energy Fund, Inc., Tortoise Energy Independence Fund, Inc., Tortoise Power and Energy Infrastructure Fund, Inc. and Tortoise Essential Assets Income Term Fund. Ecofin Advisors Limited is a sub-adviser to Tortoise Essential Assets Income Term Fund.

For additional information on these funds, please visit cef.tortoiseecofin.com.

Safe harbor statement

This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains certain statements that may include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, included herein are "forward-looking statements." Although the funds and Tortoise Capital Advisors believe that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the fund’s reports that are filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required by law, the funds and Tortoise Capital Advisors do not assume a duty to update this forward-looking statement.

Maggie Zastrow
(913) 981-1020
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NEW YORK & LOS ANGELES--(BUSINESS WIRE)--RMG Acquisition Corp. (the “Company”) announced the nomination of Paul Williams for election at a special meeting of stockholders of the Company to serve on the board of directors of the combined company upon consummation of the previously announced merger between the Company and Romeo Systems, Inc. (“Romeo Power”).

Prior to his retirement in 2018, Mr. Williams served as a Partner and Managing Director of Major, Lindsey & Africa, LLC, an executive recruiting firm, where he conducted searches for board members, CEOs and senior legal executives from 2005 to 2018. He also served as Director of Global Diversity Search, assisting legal organizations in enhancing their diversity. From 2001 to 2005, Mr. Williams served as Executive Vice President, Chief Legal Officer & Corporate Secretary of Cardinal Health, Inc. Since 2009, Mr. Williams has served as a member of the board of directors of Compass Minerals International, Inc. (NYSE: CMP). Since early 2020, Mr. Williams has served on the board of directors of several funds in the American Funds mutual fund family (part of the privately held Capital Group). Mr. Williams previously served on the boards of directors of State Auto Financial Corporation, Bob Evans Farms, Inc. and Essendant, Inc. (f/k/a United Stationers Inc.). Mr. Williams is a member of the Economic Club of Chicago, and has served as president of the Chicago chapter of the National Association of Corporate Directors since 2017. Mr. Williams received an undergraduate degree, cum laude, from Harvard and a J.D. from Yale Law School.

Romeo Power and the Company previously announced a definitive agreement for a business combination that would result in Romeo Power becoming a publicly listed company. If elected, the board of the public company upon the consummation of the business combination will consist of Mr. Williams and the other candidates previously announced by the Company nominated for election listed below:

• Brady Ericson
• Donald S. Gottwald
• Lauren Webb
• Lionel E. Selwood, Jr.
• Philip Kassin
• Robert S. Mancini
• Susan Brennan
• Timothy Stuart

A proxy statement, once final, will be mailed together with a proxy card to the Company’s stockholders. The final proxy statement will include the date, time and location of the special meeting.

About RMG Acquisition Corp.

RMG Acquisition Corp is a special purpose acquisition company whose management and board has deep experience in power, renewable energy, environmental services, energy technology and corporate governance. RMG’s team includes top level executives from Goldman Sachs, Carlyle Group, Cogentrix Energy, Deloitte & Touche, Access Industries, Calpine Corporation (CPN) and Riverside Management Group. For additional information, please visit http://www.rmgacquisition.com.

About Romeo Power

Romeo Power, founded in 2016 in California by Michael Patterson, is an industry leading energy technology company focused on designing and manufacturing lithium-ion battery modules and packs for commercial electric vehicles. Through its energy dense battery modules and packs, Romeo Power enables large-scale sustainable transportation by delivering safer, longer lasting batteries with shorter charge times. With greater energy density, Romeo Power is able to create lightweight and efficient solutions that deliver superior performance, and provide improved acceleration, range, safety and durability. Romeo Power’s modules and packs are customizable and scalable, and they are optimized by its proprietary battery management system. The company has approximately 100 employees and more than 60 battery-specific engineers and a 113,000 square foot manufacturing facility in Los Angeles, California with key battery development capabilities performed in-house. On October 5, 2020, Romeo Power and RMG Acquisition Corp. (“RMG”) (NYSE: RMG), a special purpose acquisition company, announced a definitive agreement for a business combination that would result in Romeo Power becoming a publicly listed company. Upon closing of the transaction, the combined company will be named Romeo Power, Inc. and is expected to remain listed on the NYSE and trade under the new ticker symbol “RMO.” For additional information on Romeo Power, please visit https://romeopower.com.

Important Information and Where to Find It

This press release relates to a proposed transaction between RMG and Romeo Power. RMG has filed with the Securities and Exchange Commission (“SEC”) a registration statement on Form S-4 that includes a proxy statement/consent solicitation statement/prospectus. The proxy statement/consent solicitation statement/prospectus will be mailed to stockholders of RMG as of a record date to be established for voting on the proposed business combination. RMG also will file other relevant documents from time to time regarding the proposed transaction with the SEC. INVESTORS AND SECURITY HOLDERS OF RMG ARE URGED TO READ THE PROXY STATEMENT/CONSENT SOLICITATION STATEMENT/PROSPECTUS AND OTHER RELEVANT DOCUMENTS THAT WILL BE FILED BY RMG FROM TIME TO TIME WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Investors and security holders will be able to obtain free copies of the proxy statement/consent solicitation statement/prospectus and other documents containing important information about RMG and Romeo Power once such documents are filed with the SEC, through the website maintained by the SEC at http://www.sec.gov. Copies of the documents filed with the SEC by RMG when and if available, can be obtained free of charge on RMG’s website at www.rmginvestments.com or by directing a written request to RMG Acquisition Corp., 50 West Street, Suite 40-C, New York, New York 10006.

Participants in the Solicitation

RMG and Romeo Power and their respective directors and executive officers, under SEC rules, may be deemed to be participants in the solicitation of proxies of RMG’s stockholders in connection with the proposed transaction. Investors and security holders may obtain more detailed information regarding the names and interests in the proposed transaction of RMG’s directors and officers in RMG’s filings with the SEC, including RMG’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019, which was filed with the SEC on April 1, 2019. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies to RMG’s stockholders in connection with the proposed business combination will be set forth in the proxy statement/prospectus for the proposed business combination when available. Additional information regarding the interests of participants in the solicitation of proxies in connection with the proposed business combination is included in the proxy statement/consent solicitation statement/prospectus relating to the proposed business combination.

No Offer or Solicitation

This communication shall neither constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.

Forward Looking Statements

This press release includes “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside RMG’s or Romeo Power’s management’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include: the inability to complete the transactions contemplated by the proposed business combination; the inability to recognize the anticipated benefits of the proposed business combination, which may be affected by, among other things, the amount of cash available following any redemptions by RMG stockholders; the ability to meet the NYSE’s listing standards following the consummation of the transactions contemplated by the proposed business combination; costs related to the proposed business combination; Romeo Power’s ability to execute on its plans to develop and market new products and the timing of these development programs; Romeo Power’s estimates of the size of the markets for its products; the rate and degree of market acceptance of Romeo Power’s products; the success of other competing technologies that may become available; Romeo Power’s ability to identify and integrate acquisitions; the performance of Romeo Power’s products; potential litigation involving RMG or Romeo Power; and general economic and market conditions impacting demand for Romeo Power’s products. Other factors include the possibility that the proposed transaction does not close, including due to the failure to receive required security holder approvals, or the failure of other closing conditions. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of RMG’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, the registration statement on Form S-4 and proxy statement/consent solicitation statement/prospectus discussed below and other documents filed by RMG from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and neither RMG nor Romeo Power undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Romeo Power

For Investors
ICR, Inc.
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ICR, Inc.
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RMG Acquisition Corp.
Philip Kassin
Chief Operating Officer
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212-785-2579

CALGARY, Alberta--(BUSINESS WIRE)--Seven Generations Energy Ltd. (TSX: VII)

Seven Generations Energy Ltd. has issued a notice of partial redemption to holders of its 6.875% unsecured notes due 2023 (the “6.875% Notes”) to provide notice of its election to redeem US$180 million of the US$294 million aggregate principal amount currently outstanding on December 31, 2020 (the “Redemption Date”) at a redemption price of 101.719% of the aggregate principal amount of redeemed notes, or $1,017.19 per $1,000.00, together with accrued and unpaid interest on the redeemed notes up to, but not including, the Redemption Date.

Seven Generations plans to fund the partial redemption by drawing down its secured credit facilities, currently scheduled to expire in 2024, and expects the partial redemption to reduce corporate interest costs and increase financial flexibility. Following the redemption, the aggregate principal amount of 6.875% Notes outstanding will be US$114 million.

Seven Generations is a low supply-cost energy producer dedicated to stakeholder service, responsible development and generating strong returns from its liquids-rich Kakwa River Project in northwest Alberta. 7G’s corporate office is in Calgary, its operations headquarters is in Grande Prairie and its shares trade on the TSX under the symbol VII. Further information is available on the company’s website: www.7Genergy.com.

READER ADVISORY

This news release contains certain forward-looking information and statements that involve various risks, uncertainties and other factors. The use of any of the words “anticipate”, “intend”, “continue”, “estimate”, “expect”, “may”, “will”, “should”, “believe”, “plans”, and similar expressions are intended to identify forward-looking information or statements. In particular, but without limiting the foregoing, this news release contains forward-looking information and statements pertaining to the following: the timing of the partial redemption; the amount of 6.785% Notes outstanding following the partial redemption; plans to draw the company’s credit facilities; the expected reduction of corporate interest rates and increased financial flexibility to result from the transaction.

Readers are cautioned against unduly relying on forward-looking statements which, by their nature, involve numerous assumptions, risks and uncertainties that may cause such statements not to occur, or results to differ materially from those expressed or implied. Risks and uncertainties that may affect these business outcomes include: risks related to the successful consummation of the proposed transaction described above; the risk of a downgrade in 7G's credit ratings and the potential impact on 7G's access to capital markets and other sources of liquidity; fluctuations in currency and interest rates; changes in or interpretation of laws or regulations; and other risks and uncertainties impacting 7G's business as are described in 7G's Annual Information Form for the year ended December 31, 2019, dated February 26, 2020, which is available on SEDAR at www.sedar.com.

The forward-looking statements contained in this news release speak only as of the date hereof, and the company does not assume any obligation to publicly update or revise them to reflect new events or circumstances, except as may be required pursuant to applicable laws.

Seven Generations Energy Ltd. is referred to herein as Seven Generations, Seven Generations Energy, 7G and the company.

Investor & Analyst Inquiries
Brian Newmarch
Vice President, Capital Markets & Stakeholder Engagement
Phone: 403-718-0700
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Ryan Galloway
Director, Investor Relations
Phone: 403-718-0709
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Media Inquiries
Taryn Bolder
Manager, Communications
Phone: 403-718-0715
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Seismic and well data management portal iGlass now features Elasticsearch technology

HOUSTON--(BUSINESS WIRE)--#datamanagement--Katalyst Data Management has launched a new subsurface data search engine, powered by Elasticsearch, in the latest release of their iGlass data management solution. The new release, named iGlass Portal ES, gives oil and gas companies the ability to use freestyle text searches on their seismic and well data volumes. This release marks the first time that Elasticsearch technology has been applied to an E&P subsurface data management solution.

Similar to search technology used for online shopping and searching, iGlass Portal ES harnesses the power of Elasticsearch, allowing users to search the entirety of their subsurface catalog with a simple textual search. Just like online searches return results from multiple websites, the Elasticsearch technology within iGlass Portal ES searches across multiple data domains, returning all results associated with the search text. Users can quickly find the seismic and well data they need without having to know specifically where to look within their subsurface database.

“This is game-changing technology for our iGlass platform; think about a Google-like search for all of your subsurface assets,” stated Katalyst President and CEO Steve Darnell. “Users across the oil and gas industry have come to expect the ability to perform textual searches when they consume content, and we’re thrilled to be the first company to fully leverage Elasticsearch for subsurface data management with iGlass Portal ES.”

For more information on the iGlass data management solution, visit katalystdm.com/iGlass.

Elasticsearch is a trademark of Elasticsearch BV, registered in the US and in other countries.

About Katalyst (www.katalystdm.com)

Katalyst Data Management provides complete subsurface data management and digital transformation services, assisting oil and gas companies with the challenge of managing ever increasing volumes of subsurface data acquired for exploration and production. Today, Katalyst manages over 80 petabytes of subsurface data from one of our five global locations – Houston, Calgary, London, Perth and Kuala Lumpur. Katalyst’s end-to-end data management services include every step in the subsurface data life cycle, from digital transformation and verification, to multi-cloud storage and organization, to data analytics and subsurface consulting. Katalyst’s signature offerings include the online iGlass solution for subsurface data management and the SeismicZone.com virtual brokerage for seismic data resale.

Steve Darnell, President and CEO
Katalyst Data Management
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+1 281.529.3202

James Lamb, Senior VP, Global Sales and Marketing
Katalyst Data Management
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+1 403.718.6202

Integration with Yokogawa portfolio makes possible a “sensor-to-enterprise” solution for solar, wind, and energy storage projects

TOKYO & SAN FRANCISCO--(BUSINESS WIRE)--#Yokogawa--Yokogawa Electric Corporation (TOKYO: 6841) and US-based Power Factors, LLC, announce a global reseller agreement under which Yokogawa will market Power Factors’ industry-leading Drive software platform of asset performance management (APM) solutions for renewable power facilities.

Designed for solar, wind, and energy storage assets, Power Factors’ cloud-based Drive platform for APM delivers the tools and insights needed to optimize the levelized cost of energy (LCOE*) and address the complex integration of large, diverse fleets of renewable energy assets. The platform empowers owners and operators to overcome their biggest challenges, from dealing with aging control technology and disparate systems to the management of data quality, asset performance, and regulatory compliance.

Yokogawa’s renewable energy product portfolio includes edge devices, control platforms, a range of services including system design, and advanced solutions for the optimization of energy storage devices. In an industry with multiple original equipment manufacturers (OEMs), asset types, and interfaces, the combination of Power Factors’ flagship APM platform with Yokogawa’s industrial automation systems and global service network gives owners and operators the ability to deploy a standardized hardware infrastructure and software interface across their different plants for more efficient management and analysis.

Dave Roberts, senior vice president at Power Factors, said, “We are excited to partner with Yokogawa to deliver our industry-proven Drive platform globally. The suite of solutions enables owners and operators of disparate renewable energy assets to maximize their production and revenue opportunities in ever-changing markets. Merchant, hybrid, hedging, and ancillary services offtake opportunities require complex control and optimization capabilities. Through this agreement, we will combine best-in-class asset performance management with best-in-class instrumentation, automation, and control from Yokogawa.”

Koji Nakaoka, Yokogawa vice president and head of the Global Sales and Industrial Marketing Headquarters, commented, “We have high expectations for the synergies that this agreement with Power Factors will generate, both in terms of technology and market development. Yokogawa has served major power and energy companies worldwide for many decades, and, as the world transitions to renewable energy, we will continue to offer industry-leading solutions to our customers.”

The powerful combination of Yokogawa’s expertise in field sensors, data acquisition, and control with Power Factors’ advanced analytics and APM software will support leading renewables companies as they meet the challenges of efficiently expanding and optimizing renewable energy sources. With a shared understanding that meaningful insights start with trustworthy data, Power Factors and Yokogawa have partnered to support the growth of the renewable energy industry and contribute to a cleaner, more sustainable future.

* Levelized cost of energy represents the average revenue per unit of electricity generated that would be required to recover the costs of building and operating a generating plant during an assumed financial life and duty cycle.

For more information

Yokogawa’s renewable energy solutions: https://www.yokogawa.com/industries/renewable-energy/
Power Factors’ Drive platform: https://pfdrive.com/products/

About Power Factors, LLC

Our mission is to deliver software and services to make renewable energy the world’s leading power generation source. Power Factors consolidates multiple operational data sources, asset hierarchies and metadata frameworks to create a single cloud-based remote asset management platform that works with today’s large-scale portfolios. With embedded connections to maintenance workflows, Power Factors streamlines processes, reduces costs and increases ROI of assets. Implementation and Customer Success Services ensure customers realize value from the platform quickly and for the life of the asset. Learn more at pfdrive.com.

The Power Factors Drive software platform provides clean energy owners, operators and asset managers with a unified system for monitoring, performance analytics, field maintenance and commercial management to enable scalable plant performance optimization fleet wide. In addition, the Drive platform connects to other business tools, seamlessly integrating with applications for weather and market data, enterprise resource planning (ERP) and more.

About Yokogawa

Founded in 1915, Yokogawa engages in broad-ranging activities in the areas of measurement, control, and information. The industrial automation business provides vital products, services, and solutions to a diverse range of process industries including oil, chemicals, natural gas, power, iron and steel, and pulp and paper. With the life innovation business, the company aims to radically improve productivity across the pharmaceutical and food industry value chains. The test & measurement, aviation, and other businesses continue to provide essential instruments and equipment with industry-leading precision and reliability. Yokogawa co-innovates with its customers through a global network of 114 companies spanning 62 countries, generating US$3.7 billion in sales in FY2019. For more information, please visit www.yokogawa.com

Contact Information
Yokogawa Electric Corporation
• For media enquiries
Public Relations, Integrated Communications Center
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Renewable Energy, Power & Water Sales Center
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