NEW YORK--(BUSINESS WIRE)--#earnings--Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, October 28, 2020 at 10 a.m. Eastern Time to discuss its third quarter 2020 earnings release.
To phone into the conference call, parties in the United States should dial 877-693-6685 and enter the pass code 2148568 after 9:45 a.m. Outside the United States, parties should dial 443-295-9223 and enter the pass code 2148568. This conference call will also be accessible by webcast (audio only).
A replay of the conference call will be available from October 28 through November 11, 2020 by dialing 855-859-2056 and entering the pass code 2148568. Outside the United States, parties should dial 404-537-3406 and enter the pass code 2148568.
Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess Corporation is available at http://www.hess.com.
Forward-looking Statements
Certain statements in this release may constitute "forward-looking statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended, and Section 27A of the United States Securities Act of 1933, as amended. Forward-looking statements are subject to known and unknown risks and uncertainties and other factors which may cause actual results to differ materially from those expressed or implied by such statements, including, without limitation, uncertainties inherent in the measurement and interpretation of geological, geophysical and other technical data. Estimates and projections contained in this release are based on the Company’s current understanding and assessment based on reasonable assumptions. Actual results may differ materially from these estimates and projections due to certain risk factors discussed in the Corporation’s periodic filings with the Securities and Exchange Commission and other factors.
For Hess Corporation
Investor Contact:
Jay Wilson, 212-536-8940
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Media Contact:
Lorrie Hecker, 212-536-8250
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SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)--Garmin Ltd. (Nasdaq: GRMN) invites shareholders and investors to listen to its third quarter 2020 earnings conference call that will be broadcast over the Internet on Wednesday, October 28, 2020 at 10:30 a.m. ET, with executives of Garmin. The call will be held in conjunction with the company's earnings release, which will be distributed prior to market open on October 28, 2020.
What: Garmin Ltd. Third Quarter 2020 Earnings Call
When: Wednesday, October 28, 2020 at 10:30 a.m. ET
Where: http://www.garmin.com/en-US/company/investors/events/
How: Join via the website link above, or participate by phone by dialing 855-757-3897 (due to the limited number of lines available, we encourage you to dial-in approximately 15 minutes prior to the start of the call).
Contact: This email address is being protected from spambots. You need JavaScript enabled to view it.
An archive of the live webcast will be available until October 28, 2021 on Garmin’s website at www.garmin.com. To access the replay, click on the Investor Relations link and select the Quarterly and Annual Earnings page.
Engineered on the inside for life on the outside, Garmin products have revolutionized the aviation, automotive, fitness, marine and outdoor lifestyles. Dedicated to helping people make the most of the time they spend pursuing their passions, Garmin believes every day is an opportunity to innovate and a chance to beat yesterday. 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, twitter.com/garminnews, instagram.com/garmin or youtube.com/garmin.
About Garmin Ltd.: 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.
Category: Corporate
INVESTOR CONTACT:
Teri Seck
Garmin International Inc.
Phone | 913/397-8200
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MEDIA CONTACT:
Carly Hysell
Garmin International Inc.
Phone | 913/397-8200
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IRVINE, Calif.--(BUSINESS WIRE)--Montrose Environmental Group, Inc. (the “Company,” “Montrose” or “MEG”) (NYSE: MEG) announced today that the Company has closed on the repricing of its $175 million term loan facility. The interest rate spread on the term loan was reduced by 50 basis points to LIBOR, with a 1.00% floor, plus 4.50%, compared to the prior rate of LIBOR, with a 1.00% floor, plus 5.00%. The interest rate on the Company’s revolving credit facility was unchanged at LIBOR plus 3.5% and the maturity date on both facilities remains unchanged in 2025.
Allan Dicks, Montrose’s Chief Financial Officer, stated, “This reduction in borrowing rates reflects the ongoing progress we have made in strengthening our balance sheet and improving our operational performance. This successful repricing provides us with additional financial flexibility to execute on our strategic initiatives and underscores the strong relationships we maintain with our financial partners.”
About Montrose
Montrose is a leading environmental services company focused on supporting commercial and government organizations as they deal with the challenges of today, and prepare for what’s coming tomorrow. With 1,700 employees across 70 locations around the world, Montrose combines deep local knowledge with an integrated approach to design, engineering, and operations, enabling the Company to respond effectively and efficiently to the unique requirements of each project. From comprehensive air measurement and laboratory services to regulatory compliance, emergency response, permitting, engineering, and remediation, Montrose delivers innovative and practical solutions that keep its clients on top of their immediate needs – and well ahead of the strategic curve. For more information, visit www.montrose-env.com.
Forward‐Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements may be identified by the use of words such as “intend,” “expect”, and “may”, and other similar expressions that predict or indicate future events or that are not statements of historical matters. Forward-looking statements are based on current information available at the time the statements are made and on management’s reasonable belief or expectations with respect to future events, and are subject to risks and uncertainties, many of which are beyond the Company’s control, that could cause actual performance or results to differ materially from the belief or expectations expressed in or suggested by the forward-looking statements. Further, many of these factors are, and may continue to be, amplified by the COVID-19 pandemic. Additional factors or events that could cause actual results to differ may also emerge from time to time, and it is not possible for the Company to predict all of them. Forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation to update any forward-looking statement to reflect future events, developments or otherwise, except as may be required by applicable law. Investors are referred to the Company’s filings with the Securities and Exchange Commission, including its final prospectus dated July 22, 2020, for additional information regarding the risks and uncertainties that may cause actual results to differ materially from those expressed in any forward-looking statement.
Investor Relations:
Rodny Nacier
(949) 988-3383
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Media Relations:
Doug Donsky
(646) 361-1427
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NORTH CHARLESTON, S.C.--(BUSINESS WIRE)--$NGVT #innovation--Ingevity Corporation (NYSE:NGVT) today announced that it has named Erik Ripple as the company’s chief growth and innovation officer and as such will join the company’s leadership team, effective October 1. Ripple had previously served as president, Asia / Pacific for Ingevity, and will continue to hold those responsibilities on an interim basis until a permanent replacement is named.
“Consistent with our new direction toward ‘Ingevity 2.0,’ we are creating a team and a leadership position focused solely on driving growth opportunities,” said John Fortson, president and CEO of Ingevity. “Erik will be tasked with building a function that leverages our ‘innovation heritage,’ and identifies and captures opportunities to grow our top line and further our place as a top-quartile specialty chemical company. Erik’s experience in strategic business development, innovation, leadership and ‘outside the box thinking’ make him ideally suited for this new role.”
Ripple joined Ingevity in April 2010 as director, corporate development leading strategic acquisition initiatives. He was promoted to business director, global automotive in January 2013 and four years later promoted to vice president, Performance Materials in March 2017. He was named to his current role in July 2018. Prior to joining Ingevity, Ripple spent 18 years with Eastman Chemical Company, rising through positions of increasing responsibility including business and regional leadership roles. His two most recent assignments at Eastman were as corporate development manager from 2005 to 2008 and as innovation leader from 2008 to 2010. Ripple holds a bachelor’s degree in chemistry from the University of Tennessee and a Master of Business Administration degree from Washington University in St. Louis.
Ingevity: Purify, Protect and Enhance
Ingevity provides specialty chemicals, high-performance carbon materials and engineered polymers that purify, protect, and enhance the world around us. Through a team of talented and experienced people, Ingevity develops, manufactures, and brings to market products and processes that help customers solve complex problems. These products are used in a variety of demanding applications, including asphalt paving, oil exploration and production, agrochemicals, adhesives, lubricants, publication inks, coatings, elastomers, bio-plastics and automotive components that reduce gasoline vapor emissions. Headquartered in North Charleston, South Carolina, Ingevity operates from 25 locations around the world and employs approximately 1,850 people. The company is traded on the New York Stock Exchange (NYSE: NGVT). For more information visit www.ingevity.com.
Cautionary Statements About Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Such statements generally include the words “will,” “plans,” “intends,” “targets,” “expects,” “outlook,” or similar expressions. Forward-looking statements may include, without limitation, expected financial positions, results of operations and cash flows; financing plans; business strategies and expectations; operating plans; and the impact of COVID-19. Actual results could differ materially from the views expressed. Factors that could cause actual results to materially differ from those contained in the forward-looking statements, or that could cause other forward-looking statements to prove incorrect, include, without limitation, adverse effects from the COVID-19 pandemic; adverse effects of general economic and financial conditions; risks related to international sales and operations; and the other factors detailed from time to time in the reports we file with the SEC, including those described under "Risk Factors" in our Annual Report on Form 10-K, Form 10-Q and other periodic filings. These forward-looking statements speak only as of the date of this press release. Ingevity assumes no obligation to provide any revisions to, or update, any projections and forward-looking statements contained in this press release.
Laura Woodcock
843-746-8197
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Investors:
Jack Maurer
843-746-8242
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OKLAHOMA CITY--(BUSINESS WIRE)--Enable Midstream Partners, LP (NYSE: ENBL) will release third quarter 2020 financial results before market hours Wednesday, Nov. 4, and will host a conference call at 10 a.m. EST (9 a.m. CST) that day to discuss the results.
The toll-free dial-in number to access the conference call is 833-968-1938, and the international dial-in number is 778-560-2726. The conference call ID is 8109667. The call will accompany a live webcast, and a replay will be available afterward. The webcast can be accessed from Enable’s investor page at investors.enablemidstream.com.
ABOUT ENABLE MIDSTREAM PARTNERS
Enable owns, operates and develops strategically located natural gas and crude oil infrastructure assets. Enable’s assets include approximately 14,000 miles of natural gas, crude oil, condensate and produced water gathering pipelines, approximately 2.6 Bcf/d of natural gas processing capacity, approximately 7,800 miles of interstate pipelines (including Southeast Supply Header, LLC of which Enable owns 50%), approximately 2,200 miles of intrastate pipelines and seven natural gas storage facilities comprising 84.5 billion cubic feet of storage capacity. For more information, visit www.enablemidstream.com.
Media
Leigh Ann Williams
(405) 553-6947
Investor
Matt Beasley
(405) 558-4600
HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) announced today that, on October 6, 2020, the Board of Directors of its general partner declared a distribution on Genesis’ common units and 8.75% Class A Convertible Preferred Units attributable to the quarter ended September 30, 2020. These distributions will be paid on November 13, 2020 to holders of record at the close of business on October 30, 2020.
Each holder of common units will be paid a quarterly cash distribution of $0.15 ($0.60 on an annualized basis) for each common unit held of record. With respect to the preferred units, Genesis will pay a cash distribution of $0.7374 ($2.9496 on an annualized basis) for each preferred unit held of record.
Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas. Genesis’ operations include offshore pipeline transportation, sodium minerals and sulfur services, onshore facilities and transportation and marine transportation. Genesis’ operations are primarily located in the Gulf Coast region of the United States, Wyoming and the Gulf of Mexico.
Genesis Energy, L.P.
Ryan Sims
SVP – Finance and Corporate Development
(713) 860-2521
EDEN PRAIRIE, Minn.--(BUSINESS WIRE)--C.H. Robinson Worldwide, Inc. (“C.H. Robinson”) (Nasdaq: CHRW) will hold its quarterly conference call to discuss third quarter 2020 results on Wednesday, October 28, 2020, at 8:30 a.m. Eastern Time (7:30 a.m. Central Time). The results will be released via press release after market close on Tuesday, October 27, 2020. We invite call participants to submit questions in advance of the conference call, and we will respond to as many of the questions as we can in the time allowed. To submit your question(s) in advance of the call, please email This email address is being protected from spambots. You need JavaScript enabled to view it..
Hosting the conference call will be Bob Biesterfeld, Chief Executive Officer; Mike Zechmeister, Chief Financial Officer; and Chuck Ives, Director of Investor Relations.
Presentation slides and a simultaneous audio webcast of the conference call may be accessed at http://investor.chrobinson.com.
To participate in the conference call by telephone, please call ten minutes early by dialing 877-269-7756. International callers dial +1-201-689-7817. The call will be limited to 60 minutes in length.
An audio replay will be available at http://investor.chrobinson.com. An audio replay will also be available by telephone until 11:30 a.m. Eastern Time on November 4 by calling 1-877-660-6853 and dialing the passcode 13711722#. International callers dial +1-201-612-7415.
About C.H. Robinson
C.H. Robinson solves logistics problems for companies across the globe and across industries, from the simple to the most complex. With nearly $20 billion in freight under management and 18 million shipments annually, we are one of the world’s largest logistics platforms. Our global suite of services accelerates trade to seamlessly deliver the products and goods that drive the world’s economy. With the combination of our multimodal transportation management system and expertise, we use our information advantage to deliver smarter solutions for our more than 119,000 customers and 78,000 contract carriers. Our technology is built by and for supply chain experts to bring faster, more meaningful improvements to our customers’ businesses. As a responsible global citizen, we are also proud to contribute millions of dollars to support causes that matter to our company, our Foundation and our employees. For more information, visit us at www.chrobinson.com (Nasdaq: CHRW).
Source: C.H. Robinson
CHRW-IR
Chuck Ives, Director of Investor Relations
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WESTLAKE, Ohio--(BUSINESS WIRE)--TravelCenters of America Inc. (Nasdaq: TA) today announced that it plans to issue a press release containing its third quarter 2020 financial results before the Nasdaq opens for trading on Wednesday, November 4, 2020. Later that morning, at 10:00 a.m. Eastern Time, Chief Executive Officer Jonathan M. Pertchik, President Barry Richards and Chief Financial Officer and Treasurer Peter Crage will host a conference call to review the third quarter 2020 results.
The conference call telephone number is (877) 329-4614. Participants calling from outside the United States and Canada should dial (412) 317-5437. No pass code is necessary to access the call from either number. Participants should dial in about 15 minutes prior to the scheduled start of the call. A replay of the conference call will be available through Wednesday, November 11, 2020. To hear the replay, dial (412) 317-0088. The replay pass code is 10148171.
A live audio webcast of the conference call will also be available in a listen-only mode on the company's website, which is located at www.ta-petro.com. Participants who want to access the webcast should visit the company's website about five minutes before the call. The archived webcast will be available for replay on the company's website after the call.
About TravelCenters of America Inc.:
TravelCenters of America Inc. (Nasdaq: TA) is the nation's largest publicly traded full-service travel center network. Founded in 1972 and headquartered in Westlake, Ohio, its more than 20,000 employees serve customers in over 265 locations in 44 states and Canada, principally under the TA®, Petro Stopping Centers® and TA Express® brands. Offerings include diesel and gasoline fuel, truck maintenance and repair, full-service and quick-service restaurants, car and truck parking and other services and amenities dedicated to providing great experiences for professional drivers and the general motoring public. TravelCenters of America operates nearly 650 full-service and quick-service restaurants and 10 proprietary brands, including Quaker Steak and Lube®, Iron Skillet® and Country Pride®. For more information, visit www.ta-petro.com.
Kristin Brown, Director, Investor Relations
(617) 796-8251
HOUSTON--(BUSINESS WIRE)--Sunnova Energy International Inc. (“Sunnova”) (NYSE: NOVA), a leading U.S. residential solar and energy storage service provider, announced today it will release its third quarter 2020 results after the markets close on October 28, 2020, to be followed by a conference call to discuss the results at 8:30 a.m. Eastern Time on October 29, 2020.
To register for this conference call, please use this link http://www.directeventreg.com/registration/event/9279307. After registering, a confirmation will be sent through email, including dial-in details and unique conference call codes for entry. To ensure you are connected for the full call we suggest registering a day in advance or at a minimum 10 minutes before the start of the call. A replay will be available two hours after the call and can be accessed by dialing 800-585-8367, or for international callers, 416-621-4642. The conference ID for the live call and the replay is 9279307. The replay will be available until November 11, 2020.
Interested investors and other parties may also listen to a simultaneous webcast of the conference call by logging onto the Investor Relations section of Sunnova’s website at www.sunnova.com.
About Sunnova
Sunnova Energy International Inc. (NYSE: NOVA) is a leading residential solar and energy storage service provider with customers across the U.S. states and its territories. Sunnova’s goal is to be the source of clean, affordable and reliable energy with a simple mission: to power energy independence so that homeowners have the freedom to live life uninterruptedTM.
For more information, visit www.sunnova.com, follow us on Twitter @Sunnova_Solar and connect with us on Facebook.
Investor & Analyst Contact
Rodney McMahan
Sunnova Energy International Inc.
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(281) 971-3323
Press & Media Contact
Kelsey Hultberg
Sunnova Energy International Inc.
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VANCOUVER, British Columbia--(BUSINESS WIRE)--$ALB #BMW--Lomiko Metals Inc. (“Lomiko”) (TSX-V: LMR, OTC: LMRMF, FSE: DH8C) is focused on the exploration and development of graphite for the new green economy. Lomiko has been monitoring actions by government in Canada and the USA that are focused on reducing dependence on Chinese supply of graphite, lithium and other electric vehicle battery materials. Canada and the USA have worked closely and confirmed supply agreements between the two countries.
President Donald Trump recently signed an Executive Order entitled Executive Order on Addressing the Threat to the Domestic Supply Chain from Reliance on Critical Minerals from Foreign Adversaries, which is focused on creating North American suppliers of Battery Materials.
Excerpts from Executive Order:
"...the United States is 100 percent reliant on imports for graphite, which is used to make advanced batteries for cellphones, laptops, and hybrid and electric cars. China produces over 60 percent of the world’s graphite and almost all of the world’s production of high-purity graphite needed for rechargeable batteries."
“(i) the United States develops secure critical minerals supply chains that do not depend on resources or processing from foreign adversaries;
(ii) the United States establishes, expands, and strengthens commercially viable critical minerals mining and minerals processing capabilities; and
(iii) the United States develops globally competitive, substantial, and resilient domestic commercial supply chain capabilities for critical minerals mining and processing.”
In September, Congressmen Lance Gooden (R-TX) and Vicente Gonzalez (D-TX) recently introduced a bill that seeks to decrease the U.S.’s dependence on China for critical metals. The bill, dubbed the Reclaiming American Rare Earths (RARE) Act, aims to establish tax incentives for domestic production of rare earths.
The Congressmen statement sounds the alarm regarding critical metals production: “The United States is more dependent than ever on the importation of the resources that drive our economy, enable us to build advanced technology, and ensure our national security,” Gooden’s office said in a release. “Thirty-five of these rare earth minerals are designated by the Department of Interior as ‘critical’, and we source fourteen of them entirely from foreign suppliers. China is a leading supplier for twenty-two of the thirty-five. The RARE Act is specifically designed to change that.”
Earlier this year, Sen. Ted Cruz introduced similar legislation, dubbed the Onshoring Rare Earths Act of 2020, or ORE Act. Further, on December 18, 2019 Canada announced that it had joined the U.S.-led multilateral Energy Resource Governance Initiative (ERGI). ERGI aims to support secure and resilient supply chains for critical minerals by identifying options to diversify supply chains and facilitate trade and industry connections.
Canada, and especially Quebec, are perfectly situated to supply the U.S. with many of the critical minerals it is seeking to secure due to an extensive selection of mineral projects. Also, strong political and economic ties, a stable political, economic and regulatory environment and a robust metals and mining sector. Of the 35 critical metals identified by the U.S., Canada is a sizable supplier of 13 of such minerals including graphite, lithium and manganese to the U.S. and the second-largest supplier of niobium, tungsten and magnesium. Canada also supplies approximately one quarter of the U.S. uranium needs.
“Initial indications are that La Loutre Graphite Property is high-quality and high-grade and thus worthy of development.” stated A. Paul Gill, CEO. “The only operating graphite mine in North America which is the Imerys Graphite & Carbon at Lac-des-Îles, is 30 miles northwest of La Loutre and has operated for 30 years. It reported proven reserves of 5.2 M Tonnes at a grade of 7.42 % Cg in July 1988 before the start of production.” (Reference: Potentiel de la minéralisation en graphite au Québec, N’Golo Togola, MERN, page 31, Conférence Québec Mines, November 24 2016).
Graphite demand is expected to increase exponentially for the mined natural graphite material, as more is used in the production of spherical graphite for graphite in the anode portion of Electric Vehicle Lithium-ion batteries. The near-term goals of the company are as follows:
1) Complete 100% Acquisition of the Property, currently 80% owned by Lomiko Metals.
2) Complete metallurgy and graphite characterization to confirm li-ion anode grade material.
3) Complete a Technical Report to confirm the extent of the mineralization equals or surpasses the nearby Imerys Mine, owned by international mining conglomerate.
A "technical report" means a report prepared and filed in accordance with this Instrument and Form 43-101F1 Technical Report, and includes, in summary form, all material scientific and technical information in respect of the subject property as of the effective date of the technical report;
4) Complete Preliminary Economic Assessment (PEA)
A PEA means a study, other than a pre-feasibility or feasibility study, that includes an economic analysis of the potential viability of mineral resources.
For more information on Lomiko Metals, Promethieus, review the website at www.lomiko.com, and www.promethieus.com, contact A. Paul Gill at 604-729-5312 or email: This email address is being protected from spambots. You need JavaScript enabled to view it..
On Behalf of the Board
“A. Paul Gill”
Director, Chief Executive Officer
We seek safe harbor.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), accept responsibility for the adequacy or accuracy of this release.
A. Paul Gill
604-729-5312
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LONDON--(BUSINESS WIRE)--#AutomationSolutionMarketinRenewablePowerGenerationIndustry--Technavio has been monitoring the global automation solution market in renewable power generation industry and it is poised to grow by USD 3.10 bn during 2020-2024, progressing at a CAGR of over 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. We offer $1000 worth of FREE customization
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ABB Ltd., Robert Bosch GmbH, Delta Electronics Inc., Eaton Corporation Plc , Emerson Electric Co., Fuji Electric Co. Ltd., General Electric Co., Mitsubishi Electric Corp., Rockwell Automation Inc., and Siemens AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Download a Free Sample Report on COVID-19 Impacts
Automation Solution Market in Renewable Power Generation Industry 2020-2024: Segmentation
Automation Solution Market in Renewable Power Generation Industry is segmented as below:
Automation Solution Market in Renewable Power Generation Industry 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The automation solution market in renewable power generation industry report covers the following areas:
This study identifies ease of availability of ad-hoc capital as one of the prime reasons driving the growth of global automation solution market in renewable power generation industry during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Automation Solution Market in Renewable Power Generation Industry 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End-user
Customer Landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
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Website: www.technavio.com/
Technology Supports Financial Clarity and Production Decisions for the U.S.’s Largest Statewide Association of Independent Energy Producers
HOUSTON, Texas--(BUSINESS WIRE)--#blockchain--Data Gumbo, the trusted industrial blockchain network, today announced that it has partnered with the Texas Alliance of Energy Producers (the Alliance), the largest statewide association in the country serving independent energy producers. The partnership will deploy GumboNet™, Data Gumbo’s massively interconnected blockchain network, to members of the Alliance to power smart contracts across energy production to support cost savings and efficiencies in commercial transactions.
“The Alliance performs critical work in legislative and regulatory advocacy, and in developing programs that protect industry, unite fragmented voices and to enable independent producers to grow, prosper and thrive for its more than 2,600 members,” said Andrew Bruce, CEO and Founder, Data Gumbo. “GumboNet ensures transactional certainty through automated smart contracts that will allow Alliance members to make real-time, informed production decisions based on actual field events driving improved performance and million-dollar savings opportunities.”
As a network of companies, customers, suppliers and vendors, GumboNet integrates specific transactional data with automated smart contracts powered by blockchain technology. By providing a single immutable record of truth, GumboNet synchronizes data across counterparties for complete transparency that frees up working capital, reduces contract leakage, enables real-time cash and financial management, and delivers provenance. Company, commodity and ticketing systems agnostic, Data Gumbo stores all data directly on its network with full auditable records resulting is an innovative and modern process that creates touchless transactions and crushes waste in the process.
“Data Gumbo has cracked the code to cut costs and realize transactional certainty across commercial relationships,” said Jason Modglin, President of the Texas Alliance of Energy Producers. “Being able to offer their proven technology to our large network better positions independent energy producers to capture value, save money and mitigate risk through better, more informed decisions. As always, we look to add value to membership in the Alliance, and GumboNet brings a strong product to the table and we are pleased to offer it to oil and gas producers in Texas.”
For more information regarding the benefits available to the Alliance members through this partnership, please visit here.
About the Texas Alliance of Energy Producers
Based in the oil patch, the Alliance represents the interests of the oil and gas industry at both the state and federal levels of government. The Alliance’s commitment is to ensuring that tomorrow’s energy policy will be one in which our members can grow and prosper. Created in 2000 through the merger of the North Texas Oil & Gas Association and the West Central Texas Oil & Gas Association, the Alliance has a combined membership of over 2,600 members. It is the largest state independent oil and gas association in the nation. The Alliance brings together members in 300 cities and 29 states for the common purpose of protecting the oil and gas industry and developing programs — insurance, public education — that make them more profitable. The Alliance’s effectiveness relies upon speaking with one, unified voice. Independents drilled 96% of wells in Texas, and produced 88% of the oil & gas in Texas.
About Data Gumbo
Data Gumbo provides transactional certainty for tomorrow’s industrial leaders through GumboNet™, a massively interconnected industrial blockchain network. With integrated real-time capabilities that power, automate and execute smart contracts, our network reduces contract leakage, frees up working capital, enables real-time cash and financial management and delivers provenance with unprecedented speed, accuracy, visibility and transparency. Headquartered in Houston, Texas, Data Gumbo has a subsidiary office in Stavanger, Norway. To date, the company has received equity funding with Saudi Aramco Energy Ventures, the venture subsidiary of Saudi Aramco, and Equinor Technology Ventures, the venture subsidiary of Equinor, Norway’s leading energy operator. For more information, visit www.datagumbo.com or follow on LinkedIn, @DataGumbo and Facebook.
Gina Manassero
Data Gumbo
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First of Its Kind Deployment of Innovative Environmental Technology in The Treasure State
SIDNEY, Mont.--(BUSINESS WIRE)--#coronavirus--Kraken Oil & Gas (“Kraken”) has engaged Crusoe Energy Systems Inc. (“Crusoe”) to deploy 18 Digital Flare Mitigation® (“DFM”) modules between three oil and gas production sites in eastern Montana and one site in North Dakota. The projects have been successfully deployed and are operating in the field currently. Cumulatively, Kraken’s DFM projects reduce natural gas flaring by millions of cubic feet per day, significantly curtail emissions, and provide an innovative beneficial use for otherwise flared natural gas.
Kraken is the largest producer of Bakken oil in the state of Montana, and is also very active in North Dakota. In total, the company produces ~40,000 barrels of oil per day from ~320 wells. In Montana the company produces ~10,000 barrels of oil per day from ~60 wells. The majority of Kraken’s wells sell gas into traditional pipelines for processing at gas plants around the basin; however, a portion of the company’s acreage is located in areas where pipeline capacity is limited or unavailable. In these areas, Kraken has deployed Crusoe’s DFM solution to capture gas that would otherwise be stranded or flared.
“Kraken has always embraced innovation and technology to improve our operations,” said Bruce Larsen, President & CEO of Kraken. “It has never been more important for oil and gas companies to demonstrate a commitment to environmental excellence. Flare mitigation with Crusoe’s technology has become a centerpiece of our environmental innovation and ESG strategy at sites with otherwise stranded natural gas. Crusoe continues to impress us with their reliability, safety standards and support. We feel proud of the work our companies are doing together to reduce flaring and emissions in Montana and North Dakota.”
Crusoe installs modular computing systems powered entirely by gas that was otherwise being flared. In the current environment of challenging oil and gas economics, Crusoe’s solution offers a low or no cost solution to flaring which produces an additional revenue stream for oilfield operators from gas that was previously not captured. The systems are modular and scalable, which allows Crusoe to mitigate flaring at almost any scale from tens of thousands to millions of cubic feet per day. As a result, Crusoe’s clients range from publicly traded oil and gas firms to private companies, like Kraken.
“People sometimes talk about technology as though it only happens in Silicon Valley,” said Alan Olson, Executive Director at Montana Petroleum Association. “These Digital Flare Mitigation projects are an excellent reminder of the incredible ingenuity and technological sophistication within the oil and gas industry here in Montana. Here is a set of mobile, modular data centers that capture otherwise wasted natural gas to power energy-intensive computation directly at the wellhead. Crusoe’s deployments with Kraken are the first of their kind in Montana, but I would not be surprised if additional operators deploy similar projects in due course.”
About Kraken Oil & Gas
Kraken Oil & Gas is a private equity-backed exploration and production company formed in 2012 to focus on drilling and development opportunities in the Williston Basin of Montana and North Dakota, primarily in the prolific Bakken formation. Kraken is headquartered in Houston, TX with additional field offices in Sidney, MT, Williston, ND and Stanley, ND.
About Montana Petroleum Association
The Montana Petroleum Association (MPA) is an industry association that represents the oil and gas sector in Montana. Specifically, the MPA represents companies from three segments of the oil and gas industry: upstream (exploration and production), midstream (pipelines and marketing) and downstream (refining). MPA is based in Helena, Montana.
About Crusoe Energy Systems Inc.
Crusoe provides innovative solutions for the energy industry. By converting natural gas to energy-intensive computing, Crusoe’s Digital Flare Mitigation® service delivers an environmentally sound way to create a beneficial use for otherwise wasted natural gas. Crusoe has deployed flare mitigation projects in North Dakota, Montana, Wyoming and Colorado. Systems are scalable up to millions of cubic feet per day and can be deployed anywhere in the United States or Canada. Crusoe is funded by technology-oriented venture capital firms including Bain Capital Ventures, Founders Fund, Winklevoss Capital and others. The company is based in Denver, CO with offices in San Francisco, CA and Williston, ND.
Kraken Oil & Gas:
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Montana Petroleum Association:
www.montanapetroleum.org/contact-us/
Crusoe Energy Systems:
Cully Cavness, President
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BEVERLY, Mass.--(BUSINESS WIRE)--#EquipmentLease--Twin Salvage launched its scrap metal processing business in 2017, where it began cutting up and liquidating large metal structures such as oil drilling rigs, trailers and steel buildings. Through new partnerships, Twin Salvage continued to grow allowing it to significantly expand its inventory. While an exciting expansion, this required a hefty $8 Million equipment expense. The sizable equipment investment would allow Twin Salvage to build up and support the growth, immediately transforming it into a considerably larger company with a multitude of possibilities.
NFS Leasing, Inc. specializes in complex equipment finance agreements such as the one Twin Salvage presented. NFS Leasing worked attentively with Twin Salvage, listened to their story and determined what their needs were to find a flexible and mutually beneficial equipment finance agreement. This financial partnership allowed Twin Salvage to purchase the equipment immediately, while avoiding heavy monthly fees, something that would help the company more than expected as the COVID-19 pandemic hit.
“No two companies are the same and that means no two NFS Leasing agreements are the same. This was certainly a unique partnership,” says Jon Preiser, Vice President of Business Development at NFS Leasing. “But NFS likes a good challenge and we approach each situation as unique and provide a custom solution. We will continue in partnership with Twin Salvage and look forward to seeing their growth and achievements, immediately, through the pandemic and well into the future.”
“The partnership with NFS Leasing has added incredible value to our business,” states Kile Brendle, President of Twin Salvage. “The equipment we financed, will be transformative, allowing us to go above and beyond our original goals. This transformation is only possible thanks to the NFS Leasing team and the support they provide.”
To contact NFS Leasing, Inc. for a custom finance solution, visit their website here: https://nfsleasing.com/contact/
ABOUT NFS LEASING, INC.
NFS Leasing is a privately held North American leader in Equipment Finance with more than 18 years’ experience. NFS provides solutions supporting businesses and organizations with challenged credit including early stage, start-up & pre-revenue, financially distressed companies and turn-arounds. NFS uses its own balance sheet capital and provides fast flexible credit decisions. Since 2001, NFS Leasing is proud to have created thousands of jobs and infused almost $1,000,000,000 of capital into credit challenged firms, a segment of the economy that struggles to secure critically needed financing. Contact us today and tell us your story. www.nfsleasing.com
BOSTON HEADQUARTERS
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Patty DiBello
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Call us at 866.970.4NFS (4637)
SIMI VALLEY, Calif.--(BUSINESS WIRE)--$AVAV #AeroVironment--AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems (UAS), today announced the Sunglider™ solar-powered high-altitude pseudo-satellite (HAPS) achieved key test milestones, including reaching an altitude of more than 60,000 feet above sea level and successfully demonstrating mobile broadband communication. Sunglider’s development and testing is funded by HAPSMobile Inc., a joint venture majority-owned by SoftBank Corp. (TOKYO: 9434) and minority-owned by AeroVironment.
During the test flight, which began at 5:16 a.m. MDT on September 21 and concluded at 1:32 a.m. MDT on September 22, the AeroVironment team piloted Sunglider to a stratospheric altitude of 62,500 feet above Spaceport America in New Mexico. Sunglider successfully achieved major test objectives relating to propulsion, power systems, flight control, navigation and datalink integrity, as well as structural performance during the most turbulent phases of the flight as it entered and exited the jet stream.
The broadband communication demonstration successfully linked teams in Tokyo, Spaceport America and Silicon Valley using an LTE payload jointly developed by Alphabet’s Loon LLC and HAPSMobile. Employing standard LTE smartphones, a team at Spaceport America conducted multiple video calls via the Sunglider’s payload while the aircraft circled for more than five hours in the stratosphere.
“In less than three years AeroVironment and HAPSMobile have made incredible progress, developing two Sunglider solar HAPS unmanned aircraft and performing five consecutive flight demonstrations, culminating in this latest significant milestone,” said Wahid Nawabi, president and chief executive officer of AeroVironment. “Reaching stratospheric altitude, maintaining continuous flight for more than 20 hours, achieving key test objectives and demonstrating seamless broadband communication illustrate the tremendous potential HAPS technology offers to expand connectivity globally. We look forward to maintaining our momentum toward aircraft certification and commercialization, working in close partnership with HAPSMobile as we establish a disruptive capability that offers tremendous value creation potential.”
The Sunglider, a solar-powered HAPS, has a wingspan of 262 feet and is propelled by 10 electric motors powered by solar panels covering the surface of the wing and rechargeable battery packs, resulting in zero emissions. Flying at an altitude of approximately 65,000 feet above sea level and above the clouds, the Sunglider can carry payloads weighing as much as 150 pounds and is designed for continuous, extended missions of months without landing.
To view footage from the Sunglider solar HAPS stratospheric test flight, click here.
About AeroVironment, Inc.
AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. For more information, visit www.avinc.com.
Safe Harbor Statement
Certain statements in this press release may constitute "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements are made on the basis of current expectations, forecasts and assumptions that involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors outside of our control, that may cause our business, strategy or actual results to differ materially from those expressed or implied. Factors that could cause actual results to differ materially from the forward-looking statements include, but are not limited to, our ability to perform under existing contracts and obtain additional contracts; changes in the regulatory environment; the activities of competitors; failure of the markets in which we operate to grow; failure to expand into new markets; failure to develop new products or integrate new technology with current products and uncertainty in the customer adoption rate of such products; and general economic and business conditions in the United States and elsewhere in the world. For a further list and description of such risks and uncertainties, see the reports we file with the Securities and Exchange Commission. We do not intend, and undertake no obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise.
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AeroVironment, Inc.
Makayla Thomas
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Mark Boyer
For AeroVironment, Inc.
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SAN RAMON, Calif. &SAN FRANCISCO--(BUSINESS WIRE)--Brightmark LLC and Chevron U.S.A. Inc. today announced the formation of a joint venture, Brightmark RNG Holdings LLC, to own projects across the United States to produce and market dairy biomethane, a renewable natural gas (RNG).
Equity investments by each company in the new venture will fund construction of infrastructure and commercial operation of dairy biomethane projects in multiple states. Chevron will purchase RNG produced from these projects and market the volumes for use in vehicles operating on compressed natural gas. Marathon Capital acted as exclusive financial advisor to Brightmark in establishing the partnership with Chevron.
“Chevron is committed to improving how affordable, reliable, ever-cleaner energy is developed and delivered, investing in companies addressing GHG emissions and progressing lower-carbon technologies,” said Andy Walz, president of Americas Products for Chevron. “We are increasing renewables in support of our business, making targeted investments and establishing partnerships as we evaluate emerging sources of energy and the role they will play in our portfolio. This investment builds on our other RNG initiatives, such as our joint venture with California Bioenergy and our Adopt-a-Port initiative with Clean Energy Fuels. We are excited about the long-standing experience Brightmark has in this area and look forward to working with them and the opportunities ahead.”
“Our mission at Brightmark is to reimagine waste by creating innovative solutions like RNG projects,” said Bob Powell, CEO and founder of Brightmark. “This joint venture is a powerful partnership that will accelerate Brightmark’s ambition to achieve a global net-zero carbon future. It is imperative that Brightmark develop these lifecycle carbon negative projects all over the world, and this is a huge step forward in that process. Our RNG projects also deliver a true ‘win-win’ in terms of driving sustainable agriculture with significantly less waste and improving economic development in rural communities.”
About Chevron
Chevron U.S.A. Inc. is a subsidiary of Chevron Corporation, one of the world’s leading integrated energy companies. Through its subsidiaries that conduct business worldwide, Chevron Corp is involved in virtually every facet of the energy industry. Chevron explores for, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and lubricants; manufactures and sells petrochemicals and additives; generates power; and develops and deploys technologies that enhance business value in every aspect of the company's operations. Chevron is based in San Ramon, CA. More information about Chevron is available at www.chevron.com.
About Brightmark
Brightmark is a global waste solutions company with a mission to reimagine waste. The company takes a holistic, closed loop, circular economy approach to tackling the planet’s most pressing environmental challenges with imagination and optimism for the future. Through the deployment of disruptive, breakthrough waste-to-energy solutions focused on plastics renewal (plastic waste-to-fuel) and renewable natural gas (organic waste-to-fuel), Brightmark enables programs specifically tailored to environmental needs in order to build scalable project solutions that have a positive impact on the world and communities in which its stakeholders live and work. For more information, visit www.brightmark.com.
Cory Ziskind, Brightmark External Affairs
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t. 646-277-1232
Tyler Kruzich, Chevron External Affairs
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t. (925) 549-8686
Milestone achieved approximately three years after development began
TOKYO--(BUSINESS WIRE)--HAPSMobile Inc. (“HAPSMobile”), a subsidiary of SoftBank Corp. (TOKYO:9434) and minority-owned by AeroVironment, Inc. (“AeroVironment,” NASDAQ: AVAV), today announced that an altitude of 62,500 feet (approximately 19 kilometers) was reached during the fifth test flight for “Sunglider,” a solar-powered unmanned aircraft system (“UAS”) designed for stratospheric telecommunications platform systems. The test flight took place on September 21, 2020 (MT) at Spaceport America (“SpA”), New Mexico. Sunglider successfully reached the stratosphere in the short span of approximately three years since its development began.
The test flight lasted a total 20 hours and 16 minutes, with 5 hours and 38 minutes of them in the stratosphere. The world-class sized UAS not only reached the stratosphere, it successfully completed its flight on a pre-flight battery charge and solar energy during the flight. Sunglider also demonstrated its high-performance capabilities under extremely demanding conditions where wind speeds were greater than 58 knots (approximately 30 meters per second) and temperatures fell as low as -73 degrees Celsius.
5th Test Flight Overview (all times stated in US Mountain Time)
Maximum altitude |
62,500 feet (approx. 19 kilometers) |
|
Total flight time |
20 hours and 16 minutes Take off: September 21, 5:16 AM Landing: September 22, 1:32 AM |
|
Flight time in stratosphere |
5 hours and 38 minutes Stratosphere entry: September 21, 1:57 PM Stratosphere exit: September 21, 7:35 PM |
|
Test environment |
Max. wind speed |
58 knots (approx. 30 meters per second) |
Lowest temp. |
-73 degrees Celsius |
|
Footage of the test flight can be seen here.
In addition to reaching the stratospheric flight milestone, an Internet connectivity test using a communications payload jointly developed with Loon LLC (“Loon”) was successfully performed during the test flight. Using smartphones connected to the Internet through the payload in the stratosphere, members from Loon and AeroVironment successfully made a video call to HAPSMobile members based in Japan. More details on the payload test are in this press release.
The success of this stratospheric test flight is a major step forward for HAPSMobile as it continues to pursue its mission of bridging the digital divide by building its business in the stratosphere, a new frontier for humankind. HAPSMobile will continue to work to revolutionize mobile networks by leveraging HAPS.
Junichi Miyakawa, Representative Director & CTO of SoftBank Corp., and also President & CEO of HAPSMobile, said, “Watching this test flight, I was reminded of ‘Castle in the Sky,’ the anime directed by Hayao Miyazaki in 1986, and how the airship in the story filled me with aspiration. We once again moved one step closer to our goal of building a base station that floats in the sky solely on solar energy. Even though the temperature fell below 73 degrees Celsius, our work on endurance tests bore fruit and resulted in a successful test flight. On the day of the test, Sunglider faced aerial currents of roughly 30 meters per second, so I was relieved when it hit the runway after clearing all test items. In this test flight, we also successfully conducted communications with smartphones on the ground and obtained data for fully automated piloting. While there is still much room for improvement, we will continue to work toward realizing our dream.”
About HAPSMobile
HAPSMobile Inc. is a subsidiary of SoftBank Corp. that plans and operates a High Altitude Platform Station (HAPS) business with the aim of bridging the world’s digital divide. HAPSMobile is primarily engaged in network equipment research and development for the HAPS business, construction of core networks, new business planning and activities for spectrum usage. AeroVironment, Inc. is HAPSMobile’s minority owner and aircraft development partner for “Sunglider,” a solar-powered unmanned aircraft designed for stratospheric telecommunications platform systems that flies approximately 20kms above ground in the stratosphere. HAPSMobile has a strategic relationship with Loon, a subsidiary of Alphabet, the parent company of Google. For more information, please visit https://www.hapsmobile.com.
HAPSMobile Inc. (within SoftBank Corp. Corporate Communications)
Matthew Nicholson
Yusuke Abe
+81-3-6889-2301
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HOUSTON--(BUSINESS WIRE)--Enterprise Products Partners L.P. (NYSE: EPD) (“Enterprise”) announced today that the board of directors of its general partner declared the quarterly cash distribution paid to limited partners holding Enterprise common units with respect to the third quarter of 2020 of $0.445 per unit, or $1.78 per unit on an annualized basis.
The quarterly distribution will be paid Thursday, November 12, 2020, to unitholders of record as of the close of business Friday, October 30, 2020. This distribution represents a 0.6 percent increase over the distribution declared with respect to the third quarter of 2019.
Enterprise will announce its earnings for the third quarter of 2020 on Wednesday, October 28, 2020, before the New York Stock Exchange opens for trading. Following the announcement, the partnership will host a conference call at 9 a.m. CT with analysts and investors to discuss earnings. The call will be webcast live on the Internet and may be accessed through the “Investors” section of the partnership’s website at www.enterpriseproducts.com. To listen to the webcast, participants should access the partnership’s website at least 15 minutes prior to the start of the conference call to download and install any necessary audio software. A replay of the webcast will be available for one week following the conference call and may be accessed one hour after completion of the call.
Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Our services include: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage and import and export terminals; crude oil gathering, transportation, storage and terminals; petrochemical and refined products transportation, storage and terminals; and a marine transportation business that operates primarily on the United States inland and Intracoastal Waterway systems. The partnership’s assets currently include approximately 50,000 miles of pipelines; 260 million barrels of storage capacity for NGLs, crude oil, petrochemicals and refined products; and 14 billion cubic feet of natural gas storage capacity.
This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent (100.0%) of Enterprise’s distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, Enterprise’s distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.
This press release includes “forward-looking statements” as defined by the Securities and Exchange Commission. All statements, other than statements of historical fact, included herein that address activities, events, developments or transactions that Enterprise and its general partner expect, believe or anticipate will or may occur in the future are forward-looking statements. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from expectations, including required approvals by regulatory agencies, the possibility that the anticipated benefits from such activities, events, developments or transactions cannot be fully realized, the possibility that costs or difficulties related thereto will be greater than expected, the impact of competition, and other risk factors included in Enterprise’s reports filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. Except as required by law, Enterprise does not intend to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.
Randy Burkhalter, Investor Relations, (713) 381-6812 or (866) 230-0745
Rick Rainey, Media Relations (713) 381-3635
LONDON & SYDNEY & HOUSTON--(BUSINESS WIRE)--Quinbrook Infrastructure Partners (‘Quinbrook’), a specialist investor in lower carbon and renewable energy infrastructure, today announced the appointment of Dawn Turner to the Investment Manager Advisory Board.
Dawn is the former CEO of the Brunel Pensions Partnership, a £30 billion Local Government Pension Scheme Pool recently formed from the collaboration of 10 Local Government Pension Scheme funds. Prior to her role at Brunel, Dawn served as the Chief Pensions Officer at the Environment Agency Pension Fund. She is currently an Advisory Committee member at Man Group and is a Responsible Investment Advisory Committee member at Irish Life Investment Management. Dawn is a recognized expert in Responsible Investment and Sustainable Finance with over 30 years’ experience as a finance professional and business leader. She is a recipient of multiple industry awards and was named in Financial News’ top 100 most influential women 2017 and 2018.
Dawn joins Mark Fulton, former Head of Research at DB Climate Change Advisors at Deutsche Bank, on Quinbrook’s Advisory Board. Dawn will bring an invaluable investor’s perspective to the ongoing formulation and refinement of Quinbrook’s ESG and impact focused investment strategies in lower carbon and renewable energy infrastructure asset development, ownership and portfolio construction for institutional investors.
Quinbrook aims to protect and enhance the value of invested assets for the long-term benefit of its investors through the proactive identification and management of the ESG aspects of those investments. However, Quinbrook’s ESG objectives extend beyond this; to job creation, improved governance, greater community engagement, and reduced environmental impacts from the daily operation of portfolio assets. In the UK, Quinbrook is focusing on opportunities arising from the accelerating energy transition to achieve ‘Net Zero’ emissions from the country’s energy supply system. With ageing coal, gas and nuclear plants being retired in the UK, significant long-term capital investment in replacement new renewables supply infrastructure, battery storage, smart grid and related businesses will be needed. Quinbrook views the need for new infrastructure as an opportunity to deliver measurable ESG impact from asset creation and optimisation which it considers fundamental to any ‘high impact’ focused investment thesis.
Rory Quinlan, co-founder and managing partner of Quinbrook, stated, “Whilst ESG and impact investing are not new to Quinbrook given the decades we have devoted to developing and building new renewables infrastructure assets, we are committed to leading the industry and continuously improving our processes and effectiveness as an investment manager. Investors are increasingly demanding proactive engagement on ESG and sustainability, as they should. We are delighted to have such a well-respected professional in Dawn Turner to help guide us forward.”
About Quinbrook Infrastructure Partners
Quinbrook Infrastructure Partners (www.quinbrook.com) is a specialist investment manager focused exclusively on lower carbon and renewable energy infrastructure investment and operational asset management in the U.S., U.K. and Australia. Quinbrook is led and managed by a senior team of power industry professionals who have collectively invested over U.S.$8 billion of equity in energy infrastructure assets since the early 1990's, representing a total enterprise value of U.S.$28.7 billion or 19.5 GW of power supply capacity. Quinbrook's investment and asset management team has offices in Houston, London, Jersey, and the Gold Coast of Australia. Quinbrook's global investment and portfolio company teams are actively developing and constructing a portfolio exceeding 6GW of onshore wind, solar PV, reserve peaking power, battery storage projects, grid support infrastructure, Virtual Power Plants and Community Energy Networks across the U.S., U.K. and Australia.
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Amanda Coyle
212-446-1867
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Expected to be Completed in First Quarter of 2021
SOUTH BURLINGTON, Vt.--(BUSINESS WIRE)--The Peck Company Holdings, Inc. (NASDAQ: PECK) (the “Company” or “Peck”), a leading commercial solar engineering, procurement and construction (EPC) company, is pleased to announce the signing of a 5.3MW contract in Rhode Island, from a long time customer.
The $7.256 million contract for a project located in Rhode Island is targeted to be completed in the first quarter of 2021. Peck’s expansion into Rhode Island adds to the recent news about the Company’s expansion into Maine. Today’s announcement of this 5.3MW contract is significant by exemplifying again that Peck is expanding its geographic footprint across the northeastern states and proving to accomplish its goals.
A recent report by Cambridge, Mass.-based Synapse Energy Economics Inc. concludes that Rhode Island can produce a greater amount of electricity than it consumes by installing solar arrays on more roofs, landfills, brownfields, gravel pits, and parking lots.
The Peck Company Holdings Chairman of the Board and Chief Executive Officer, Jeffrey Peck, commented, “This is our first project in Rhode Island, so we are very excited about working in the state and helping with their renewable energy goals. Our organic growth strategy of serving our existing customer base in other states is working and benefitting all stakeholders. We look forward to our continued expansion into Rhode Island, Maine, other states in the northeast and coast to coast. We would also like to thank our valued partners who continue to rely on Peck for our expertise and craftsmanship. These long-term relationships are an integral component of our current and future growth.”
Mr. Peck continued, “This momentum is important as we advance our efforts to close the previously announced business combination with Sunworks, Inc. (NASDAQ: SUNW). As detailed in the preliminary joint proxy statement/prospectus, we filed with the Securities and Exchange Commission on October 1, 2020, we believe the transaction with Sunworks will allow us to leverage the combined synergies to create a larger solar EPC platform with greater geographical reach and enhanced financial resources which will benefit our partners, customers and shareholders.”
Since becoming a public company in 2019, Peck has been successfully executing its three-pronged growth strategy including:
(1) Organic expansion across the Northeastern United States
(2) Conducting accretive merger and acquisition transactions to expand geographically
(3) Investing in company-owned solar assets that provide recurring revenue
The Peck Company Holdings is guided by the mission to facilitate the reduction of carbon emissions through the expansion of clean, renewable energy and it believes that leveraging such core values to deploy resources toward profitable business is the only sustainable strategy to achieve these objectives.
About The Peck Company Holdings, Inc.
Headquartered in South Burlington, VT, The Peck Company Holdings, Inc. is a 2nd-generation family business founded in 1972 and rooted in values that align people, purpose, and profitability. Ranked by Solar Power World as one of the leading commercial solar contractors in the Northeastern United States, the Company provides EPC services to solar energy customers for projects ranging in size from several kilowatts for residential properties to multi-megawatt systems for large commercial and utility scale projects. The Company has installed over 165 megawatts worth of solar systems since it started installing solar in 2012 and continues its focus on profitable growth opportunities. Please visit www.peckcompany.com for additional information.
Forward Looking Statements
This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as "may," "should," "expects," "could," "intends," "plans," "anticipates," "estimates," "believes," "forecasts," "predicts" or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, effective tax rate, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition.
The forward-looking statements included in this press release are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the risk factors described from time to time in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K.
All forward-looking statements included in this press release are based on information currently available to us, and we assume no obligation to update any forward-looking statement except as may be required by law.
No Offer or Solicitation
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval with respect to the proposed transaction with Sunworks or otherwise. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended, and no offer to sell or solicitation of an offer to buy shall be made in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Additional Information and Where to Find It
In connection with the proposed transaction with Sunworks, on October 1, 2020, we filed with the SEC a registration statement on Form S-4 (Registration No. 333-249183) (the “Registration Statement”), which included a document that serves as a prospectus of Peck and a joint proxy statement of Sunworks and Peck (the “Joint Proxy Statement”). These materials have not yet been declared effective, are not yet final and may be amended. After the Registration Statement has been declared effective by the SEC, the Joint Proxy Statement will be delivered to stockholders of Sunworks and Peck. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, SECURITY HOLDERS OF SUNWORKS AND PECK ARE URGED TO READ THE REGISTRATION STATEMENT, THE JOINT PROXY STATEMENT (INCLUDING ALL AMENDMENTS AND SUPPLEMENTS THERETO) AND OTHER DOCUMENTS RELATING TO THE PROPOSED TRANSACTION FILED WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION.
Free copies of the Joint Proxy Statement, as well as other filings containing information about Peck and Sunworks, may be obtained at the SEC’s website, www.sec.gov, when they are filed. Stockholders and investors will also be able to obtain these documents, when they are filed, free of charge, by directing a request to The Peck Company Holdings, Inc., 4050 Williston Road, #511 South Burlington, Vermont 05403, Attention: Corporate Secretary, or by calling (802) 658-3378, or to Sunworks, Inc., 1030 Winding Creek Road, Suite 100, Roseville CA 95678, Attention: Corporate Secretary, or by calling (916) 409-6900, or by accessing Peck’s website at www.peckcompany.com under the “Company – Investors” tab or by accessing the Sunworks’ website at www.sunworksusa.com under the “Investor Relations” tab.
Participants in the Solicitation
Peck, and its respective directors, and certain of its executive officers and employees may be deemed to be participants in the solicitation of proxies from the stockholders of Peck in connection with the proposed transaction. Information about Peck’s directors and executive officers is available in its Annual Report on Form 10-K for the fiscal year ended December 31, 2019, which was filed with the SEC on April 14, 2020. Information regarding all of the persons who may, under the rules of the SEC, be deemed participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, are contained in the Joint Proxy Statement regarding the proposed transaction and other relevant materials to be filed with the SEC when they become available. Free copies of these documents may be obtained as described in the preceding paragraph.
Michael d’Amato
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p802-264-2040
ClearThink
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