DUBLIN--(BUSINESS WIRE)--The "Pumped Hydro Storage Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.

The global pumped hydro storage (PHS) market is expected to grow at a CAGR of more than 2% over the period of 2020-2025.

Companies Mentioned

• Duke Energy Corp.
• EON SE
• Enel SpA
• Electricite de France SA (EDF)
• Iberdrola SA
• General Electric Company
• Siemens AG
• Andritz AG
• Wartsila Oyj Abp
• Voith GmbH & Co. KGaA
• Ansaldo Energia SpA

Key Market Trends

Closed-Loop to Dominate the Market

• The pumped hydro storage units, where both reservoirs are artificial and none of the reservoirs are associated with natural inflows, are referred to as a closed-loop system. The development of a closed-loop system requires identification of water source and additional water to replace the losses that occurred.
• In this type of pumped hydro storage system, there is minimal interaction with aquatic life. Thus, it minimizes or even avoids the permitting and environmental review process.
• China, with more than 40 under construction and planned closed-loop projects is expected to promulgate the market. India and Indonesia also have several closed-loop powered hydro storage projects, leading to Asia-Pacific region driving the closed-loop unit demand.
• In October 2018, a bill named "America's Water Infrastructure Act of 2018" was passed in the United States, which includes provisions that significantly streamline the key aspects of the Federal Energy Regulatory Commission (FERC), licensing the process for closed-loop, pumped hydro storage facilities.
• With changes made in the regulations, the new, closed-loop pumped storage facilities may complete the licensing process by mid-2021, hence, driving the pumped hydro storage market.

Asia-Pacific to Dominate the Market

• As of 2018, Asia-Pacific accounts for more than 50% of the global installed capacity for pumped hydro storage and around 45% of global generated power from PHS, with China constituting of about 30 GW of installed capacity.
• According to the China Energy Storage Alliance's (CNESA), by the end of 2017, China's total operational energy storage capacity totaled 28.9 GW, an increase of 19% from the previous year. Pumped hydro energy storage made up the majority of this capacity, at nearly 99%. With more projects coming into operation in next five years, China is expected to retain its leading position in the market.
• In India, the PHS technology is expected to play a significant role in the proliferation of renewable energy generation in India. In March 2019, the Ministry of Power proposed changes in the electricity rule, to incentivize electricity supply at the times of peak demand, which is a big boost for growth in pumped PHS installation.
• India has 4.8 GW of pumped hydro storage capacity, with Indian government setting a target of 175 GW renewable power installed capacity during the forecast period. Thus, the new initiatives and projects are expected to drive the pumped hydro storage market.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET OVERVIEW

4.1 Introduction

4.2 Pumped Hydro Installed Capacity and Forecast in GW, till 2025

4.3 Hydro Power Installed Capacity and Forecast in GW, till 2025

4.4 Hydroelectricity Generation in TWh, 2013-2018

4.5 Recent Trends and Developments

4.6 Government Policies and Regulations

4.7 Market Dynamics

4.7.1 Drivers

4.7.2 Restraints

4.8 Supply Chain Analysis

4.9 Porter's Five Forces Analysis

5 MARKET SEGMENTATION

5.1 Type

5.2 Geography

6 COMPETITIVE LANDSCAPE

6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

6.2 Strategies Adopted by Leading Players

6.3 Company Profiles

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/f99t2p

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Public-private partnership supporting expanded EVgo deployments across the State, including a new large charging hub in LA

LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (NASDAQ: EVGO), the nation’s largest public fast charging network for electric vehicles (EVs) and first powered by 100% renewable electricity, today announced that it was selected for proposed awards for various grants from the California Air Resources Board (CARB) through the Bay Area Air Quality Management District (BAAQMD) to install new high powered direct current fast chargers (DCFC) to help the state meet its transportation electrification goals. The five proposed awards are funded by the California Volkswagen Mitigation Environmental Trust and support the state’s ZEV Action Plan.

Public funding helps accelerate the deployment of infrastructure to support EV adoption. EVgo currently has more than 330 sites and 820 fast charging stalls across California. This new set of sites will add 5 more fast charging locations, 38 charging stalls, including one large site in Los Angeles with 18 charging stalls enabling more retail drivers and fleets around the city to make the transition to electric vehicles. All of these sites will include power-sharing and power-routing 350kW fast chargers, capable of charging most vehicles up to 80% in 15 to 45 minutes*.

“As a home state company, EVgo thanks CARB and BAAQMD for their leadership in supporting EV adoption and for selecting EVgo for these proposed funding awards,” said Jonathan Levy, Chief Commercial Officer at EVgo. “EVgo has a long track record of successfully partnering with public sector agencies to deploy fast charging, and these new sites will help enable Californians across neighborhoods and income levels take advantage of the benefits of driving electric.”

The California Volkswagen Mitigation Environmental Trust, which resulted from the dieselgate scandal, allocated $5 million to fund light duty zero-emission infrastructure. A minimum of 50% of the funds are directed to disadvantaged and low-income communities to expand EV charging access across the state. EVgo has a long history of working to install charging infrastructure across California, including the first chargers in Compton and Inglewood, California, and continues to work with local community-based organizations to ensure equal access to EV charging infrastructure. Currently, more than 80% of Californians live within a 10-mile drive of an EVgo fast charger, ensuring access to a reliable network for the growing number EV adopters in the state.

* Actual charging speed depends on vehicle’s charging capability.

About EVgo

EVgo (Nasdaq: EVGO) is the nation’s largest public fast charging network for electric vehicles, and the first to be powered by 100% renewable energy. With more than 800 fast charging locations, EVgo’s owned and operated charging network serves over 68 metropolitan areas across 35 states and more than 310,000 customer accounts. Founded in 2010, EVgo leads the way on transportation electrification, partnering with automakers; fleet and rideshare operators; retail hosts such as hotels, shopping centers, gas stations and parking lot operators; and other stakeholders to deploy advanced charging technology to expand network availability and make it easier for drivers across the U.S. to enjoy the benefits of driving an EV. As a charging technology first mover, EVgo works closely with business and government leaders to accelerate the ubiquitous adoption of EVs by providing a reliable and convenient charging experience close to where drivers live, work and play, whether for a daily commute or a commercial fleet.

For Investors:
Ted Brooks, VP of Investor Relations
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310-954-2943

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ANKENY, Iowa--(BUSINESS WIRE)--Casey’s General Stores, Inc. ("Casey's" or the "Company") (Nasdaq symbol CASY) a leading convenience store chain in the United States, today announced financial results for the three and six months ended October 31, 2021.

Second Quarter Key Highlights

• Inside same-store sales increased 6.0% compared to prior year with a margin of 40.7%. Total inside gross profit increased 12.3% to $463.4 million compared to the same period last year.

• Fuel gallons increased 2.5% on a same-store basis compared to prior year with a fuel margin of 34.7 cents per gallon. Total fuel gross profit increased 13.6% to $231.9 million compared to the same period last year.

• Diluted EPS of $2.59 compared to $3.00 for the same period a year ago.

• Casey's announced the pending acquisition of 40 stores from Pilot Corporation, primarily in the Knoxville, TN market.

• Casey's recognized as a "Corporate Champion" by the Women's Forum of New York for its 50% gender diversity on its Board of Directors.

“Inside sales and fuel gallons sold were up in the second quarter as guest traffic continues to improve,” said Darren Rebelez, President and CEO. “I am very proud of how the Casey’s team responded during a difficult retail environment this quarter. Inside gross profit was up sharply despite product availability pressures, especially in our Prepared Food and Dispensed Beverage business, and an inflationary supply chain environment. Our fuel team achieved strong margins in a challenging rising cost market while also growing fuel gallons sold. We are making excellent progress integrating the Buchanan Energy and Circle K acquisitions and look forward to doing the same with the pending Pilot acquisition.”

Earnings

Adjusted EBITDA (reconciled later in the document) was down slightly compared to the same period a year ago as higher gross profit from inside the store and fuel (due to both strong same store volumes and new units) was offset by higher operating expenses due to higher wage rates and credit card fees as well as operating 161 additional stores (or 7%). Net income and diluted EPS in the second quarter were also impacted by higher depreciation expense due to operating more stores than last year.

Inside

Inside same-store sales were driven by strong performance in packaged beverages, grocery items such as salty snacks and meat snacks, as well as continued momentum in pizza slices, driven in part by improved guest traffic. Grocery and General Merchandise same-stores sales were up 14% on a two-year stacked basis, due in part to the effective store resets completed last year. Inside margin was positively impacted by the private label program as well as procurement initiatives. Prepared Food and Dispensed Beverage same-store sales were adversely impacted by supply chain challenges in the quarter, notably in bakery and dispensed beverages. The Company implemented selective price increases to offset inflationary pressures throughout the business.

Fuel

Same-store gallons sold were positively impacted by higher guest traffic despite lapping a challenging comparison from the previous second quarter. The Company’s total fuel gross profit was up 13.6% versus the prior second quarter, and margin decreased slightly. The Company sold $6.2 million in renewable fuel credits (RINs) in the second quarter, an increase of $2.4 million from the same quarter in the prior year.

Operating Expenses

Operating expenses increased 22% during the second quarter. Approximately 9% of the increase is due to operating 161 more stores than prior year. Additionally, approximately 7% of the increase is due to same-store employee and store operating expenses. Finally, approximately 2% of the change is due to an increase in same-store credit card fees from higher retail fuel prices and higher sales volume.

Expansion

Liquidity
At October 31, the Company had approximately $787 million in available liquidity, consisting of approximately $312 million in cash and cash equivalents on hand and $475 million in undrawn borrowing capacity on existing lines of credit.

Share Repurchase
The Company has $300 million remaining under its existing share repurchase program which expires in April 2022. There were no repurchases made against that authorization in the second quarter.

Dividend
At its December meeting, the Board of Directors voted to pay a quarterly dividend of $0.35 per share. The dividend is payable February 15, 2022 to shareholders of record on February 1, 2022.

Fiscal 2022 Outlook
The Company is updating the previously disclosed 2022 outlook as follows:

Due to the recently announced 40-store acquisition of Pilot convenience stores, the Company now expects to add approximately 225 units during fiscal 2022, up from the previously disclosed 200 units. This pending transaction is expected to be EBITDA accretive in fiscal 2022. Total operating expenses are expected to increase in the high-teen percentages, versus the previously disclosed mid-teens percentages, due to the additional units as well as elevated credit card fees brought on by higher retail fuel prices. The impact to the second half of the fiscal year will be an approximate 18-20% increase in the third quarter and an 11-13% increase in the fourth quarter. Interest expense is expected to be approximately $55 million versus the previously disclosed $50 million, depreciation and amortization is expected to be approximately $310 million compared to the previously disclosed $300 million, and the purchase of property and equipment is expected to be approximately $400 million versus the $500 million previously disclosed as the Company reduced new store construction due to the increase in acquisition activity. As noted at the end of the first quarter, the tax rate is expected to be approximately 24.0% - 26.0% for the year.

The Company is maintaining the same-store fuel and inside sales mid-single digit percentage increase that was previously disclosed.

SUPPLEMENTAL DISCLOSURES OF CASH FLOWS INFORMATION

RECONCILIATION OF NET INCOME TO EBITDA AND ADJUSTED EBITDA

We define EBITDA as net income before net interest expense, income taxes, depreciation and amortization. Adjusted EBITDA further adjusts EBITDA by excluding the gain or loss on disposal of assets as well as impairment charges. Neither EBITDA nor Adjusted EBITDA are considered GAAP measures, and should not be considered as a substitute for net income, cash flows from operating activities or other income or cash flow statement data. These measures have limitations as analytical tools, and should not be considered in isolation or as substitutes for analysis of our results as reported under GAAP. We strongly encourage investors to review our financial statements and publicly filed reports in their entirety and not to rely on any single financial measure.

We believe EBITDA and Adjusted EBITDA are useful to investors in evaluating our operating performance because securities analysts and other interested parties use such calculations as a measure of financial performance and debt service capabilities, and they are regularly used by the Company for internal purposes including our capital budgeting process, evaluating acquisition targets, assessing performance, and awarding incentive compensation.

Because non-GAAP financial measures are not standardized, EBITDA and Adjusted EBITDA, as defined by us, may not be comparable to similarly titled measures reported by other companies. It therefore may not be possible to compare our use of these non-GAAP financial measures with those used by other companies.

The following table contains a reconciliation of net income to EBITDA and Adjusted EBITDA for the three and six months ended October 31, 2021 and 2020:

NOTES:

• Gross Profit is defined as revenue less cost of goods sold (exclusive of depreciation and amortization)

• Inside is defined as the combination of Grocery and General Merchandise and Prepared Food and Dispensed Beverage

This release contains statements that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including those related to expectations for future periods, possible or assumed future results of operations, financial conditions, liquidity and related sources or needs, business and/or integration strategies, plans and synergies, supply chain, growth opportunities, performance at our stores, and the potential effect of COVID-19. There are a number of known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from any future results expressed or implied by those forward-looking statements, including but not limited to executing our strategic plan, the impact and duration of COVID-19 and related governmental actions, as well as other risks, uncertainties and factors which are described in the Company’s most recent annual report on Form 10-K and quarterly reports on Form 10-Q, as filed with the Securities and Exchange Commission and available on our website. Any forward-looking statements contained in this release represent our current views as of the date of this release with respect to future events, and Casey’s disclaims any intention or obligation to update or revise any forward-looking statements in the release whether as a result of new information, future events, or otherwise.

Corporate information is available at this website: https://www.caseys.com. Earnings will be reported during a conference call on December 8, 2021. The call will be broadcast live over the Internet at 7:30 a.m. CST. To access the call, go to the Events and Presentations section of our website at https://investor.caseys.com/events-and-presentations/default.aspx. No access code is required. A webcast replay of the call will remain available in an archived format on the Events and Presentations section of our website at https://investor.caseys.com/events-and-presentations/default.aspx for one year after the call.

Investor Relations Contact:
Brian Johnson (515) 965-6587

Media Relations Contact:
Katie Petru (515) 446-6772

Addition of energy services company adds to Ameresco’s clean-energy pipeline and expands Smart Buildings and Controls offerings.

FRAMINGHAM, Mass.--(BUSINESS WIRE)--#carbonreduction--Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced that it has acquired Plug Smart, an Ohio-based energy services company that specializes in the development and implementation of budget neutral capital improvement projects including building controls and building automation systems. With this acquisition, Ameresco expands its existing pipeline and solution offerings in the smart buildings sector.

Plug Smart was formed in 2008 and has been providing smart building solutions through a customer-focused approach for the government, university, school, healthcare and commercial markets with a strong regional presence in Ohio, Michigan, Kentucky, Tennessee, Pennsylvania and Florida. Through a customer-focused approach, Plug Smart has specialized in creating budget neutral funding opportunities for customers along with providing them with insights into pricing and ROI before, during and after project implementation. Plug Smart’s proven experience in building controls and smart building solutions compliments Ameresco’s approach to customizing energy solutions to best-fit our customer’s needs.

“Mergers and acquisitions continue to be an important component to our growth strategy, and we are thrilled to welcome Plug Smart into the Ameresco family. With the addition of the Plug Smart team’s capabilities, we will be better equipped to implement cutting-edge smart building technologies,” said George Sakellaris, President and CEO, Ameresco. “We are excited to collaborate and continue to expand our market share with the addition of this proven team with deep technical expertise.”

“We founded and built Plug Smart to serve customers with an unbiased approach towards energy efficiency and open architecture building automation and controls solutions,” said Rich Housh, founder and former CEO, Plug Smart. “Ameresco shares our passion for customer service while providing greater depth and breadth of complementary expertise that we can now offer our customers.” Mr. Housh will continue as a consultant with Ameresco after the transaction.

The Plug Smart team will join Ameresco’s employee base of over 1,000 people and will directly benefit from the ability to conduct projects across a broad solution portfolio, leveraging Ameresco’s capabilities in street lighting, solar PV arrays, battery energy storage systems, microgrids and more. The integration of smart building solution expertise directly serves Ameresco’s vision of offering tailored and innovative energy solutions to customers while growing expertise through expanding their teams of deep technical specialists.

“The integration of deep expertise from the Plug Smart team will provide extensive benefit to both our current customers and the next evolution of Ameresco’s smart building solutions offerings,” said Lou Maltezos, Executive Vice President, Ameresco. “Our complimentary approach to customer-first, best-in-class solution configuration make this a win-win for both companies.”

“I’m very excited to continue leading the Plug Smart team as part of Ameresco,” said Dave Zehala, former President of Plug Smart, now Vice President and General Manager of Smart Building Solutions at Ameresco. “By joining with a recognized leader in the energy services space we can take the business to the next level and provide more comprehensive and innovative smart building solutions to the market.”

Financial terms of the transaction are undisclosed, though Ameresco does not anticipate that the acquisition will have a material impact on the 2021 financial results of the company.

To learn more about Ameresco and the company’s clean energy solutions, visit www.ameresco.com.

About Ameresco, Inc.

Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading cleantech integrator and renewable energy asset developer, owner and operator. Our comprehensive portfolio includes energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions delivered to customers throughout North America and the United Kingdom. In support of our customers pursuit of Net Zero, our sustainability services include upgrades to a facility’s energy infrastructure and the development, construction, and operation of distributed energy resources. Ameresco has successfully completed energy saving, environmentally responsible projects with Federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, MA, Ameresco has more than 1,000 employees providing local expertise in the United States, Canada, and the United Kingdom. For more information, visit www.ameresco.com.

Media:
Ameresco: Leila Dillon, 508-661-2264, This email address is being protected from spambots. You need JavaScript enabled to view it.

OVERLAND PARK, Kan.--(BUSINESS WIRE)--Tortoise’s closed-end fund, Tortoise Energy Infrastructure Corp. (TYG), has transitioned its portfolio, positioning for the future of energy growth with a current portfolio allocation of 45% renewables and power infrastructure as of November 30, 2021. This allocation expansion, up from approximately 15% upon announcement, adds diversification and expected lower volatility through low correlation across investments and adds visibility into long-term growth opportunities.

Positioned for the Future of Energy

“We are excited to have reached our target portfolio as laid out in November 2020. We believe the portfolio is well positioned to generate positive risk-adjusted returns for its shareholders by investing in a broader universe of companies that facilitate energy consumption in ways that ultimately reduce emissions”, said Matt Sallee, President – Tortoise. “Further, we see energy infrastructure playing a tremendous role in decarbonizing the energy necessary for the economy to function and maintain our standard of living.”

Below depicts the shift in TYG’s decarbonization infrastructure portfolio allocation.

In line with the “Essential Playbook for Midstream Management”, first published in 2020, midstream holdings for both TYG and Tortoise Midstream Energy Fund, Inc. (NTG) have been repositioned to focus on proper governance structures and forward-thinking environmental policies. Consequently, the portfolios have increased allocations to c-corporations and has resulted in TYG and NTG owning 22.4% and 21.6% MLPs, respectively, as of November 30, 2021.

Tortoise Capital Advisors, L.L.C. is the adviser to Tortoise Energy Infrastructure Corp. and Tortoise Midstream Energy Fund, Inc.

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

About Tortoise

Tortoise focuses on energy and 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. To learn more, visit www.TortoiseEcofin.com.

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.

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.

Maggie Zastrow, (913) 981-1020
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Joint point-to-point encryption (P2PE) security offering to help protect customer credit and debit card data at the pump

MIAMI & AUSTIN, Texas--(BUSINESS WIRE)--ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time digital payment software, and Dover Fueling Solutions (DFS), a leading developer of advanced customer-focused technologies, services and solutions for the fuel and convenience industries, today announced their collaboration on a point-to-point encryption (P2PE) data security offering. This will increase protection for consumers’ credit and debit cards at fueling dispensers, significantly reducing the risks of costly data breaches for these merchants.

ACI and DFS jointly serve some of the world’s largest merchants that process fueling and car wash transactions, and with the recent liability shift in the U.S., these vendors require increased security measures. Beyond EMV, this includes P2PE, which will further secure card data at a critical potential breach point during payment processing. The DFS solution leverages Wayne^® RSA encryption as an acquirer, PIN Entry Device and point of sale-agnostic solution that can be implemented for fuel convenience retailers’ forecourt transactions. The solution works to secure payments on DFS hardware in a variety of set ups—whether the customer uses the card reader or a contactless TAP reader with their card or mobile wallet.

The joint solution focuses on encrypting PCI cardholder data immediately at the point of interaction, and it protects the data from the point it is entered to the point it is decrypted at the payments platform. This technology protects sensitive data from skimmers, network sniffers, malware and other threats on both internal and external networks. P2PE is foundational in securing a payments network.

“Now more than ever, it’s imperative for fuel retailers to have fully secured, simple and scalable payment solutions and P2PE is how we can best provide this support to our customers,” said Matt Tormollen, vice president and general manager of global solutions, DFS. “We’re excited to collaborate with an industry leader like ACI for connected commerce solutions that protect consumers at the pump and lessen cybersecurity risk and data breaches for our fuel and convenience retailers.”

“Merchants with fuel dispensers are looking for a solution that allows them to innovate and create unique customer journeys at the forecourt, while keeping sensitive card holder data safe via a P2PE solution,” said Debbie Guerra, head of merchant, ACI Worldwide. “Our strategic relationship and the new P2PE integration we are bringing with Dover Fueling Solutions delivers a secure, agnostic payment solution that addresses these needs along with the EMV liability shift.”

About ACI Worldwide

ACI Worldwide is a global software company that provides mission-critical real-time payment solutions to corporations. Customers use our proven, scalable and secure solutions to process and manage digital payments, enable omni-commerce payments, present and process bill payments, and manage fraud and risk. We combine our global footprint with local presence to drive the real-time digital transformation of payments and commerce.

About Dover Fueling Solutions

Dover Fueling Solutions, part of Dover Corporation, comprises the product brands of Wayne Fueling Systems, OPW Fuel Management Systems, ClearView, Tokheim, ProGauge and Fairbanks, and delivers advanced fuel dispensing equipment, electronic systems and payment, automatic tank gauging and wetstock management solutions to customers worldwide. Headquartered in Austin, TX, DFS has a significant manufacturing and technology development presence around the world, including facilities in Brazil, China, India, Italy, Poland, the United Kingdom and the United States. For more information about DFS, visit www.doverfuelingsolutions.com.

© Copyright ACI Worldwide, Inc. 2021

ACI, ACI Worldwide, the ACI logo, ACI Universal Payments, UP, the UP logo and all ACI product/solution names are trademarks or registered trademarks of ACI Worldwide, Inc., or one of its subsidiaries, in the United States, other countries or both. Other parties' trademarks referenced are the property of their respective owners.

© 2021 Dover Fueling Solutions. All rights reserved. DOVER, the DOVER D Design, DOVER FUELING SOLUTIONS, and Wayne are trademarks of Delaware Capital Formation, Inc./Dover Corporation, Dover Fueling Solutions UK Ltd. and their affiliated entities, registered or claimed in the United States and various other countries. EMV is a registered trademark of EMVCo, LLC.

ACI Worldwide
Dan Ring
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Jocelyn Sexton
Director, Global Marketing Communications
Dover Fueling Solutions
+1 737 529 6345
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SPRING, Texas--(BUSINESS WIRE)--Southwestern Energy Company (NYSE: SWN) (the “Company”) today announced the early results of its previously announced cash tender offers (the “Tender Offers”) to purchase for cash up to $250,000,000 aggregate principal amount (the “Maximum Tender Amount”) of its 4.95% Senior Notes due 2025 (the “2025 Notes”) and its 7.75% Senior Notes due 2027 (the “2027 Notes” and, together with the 2025 Notes, the “Notes”), subject to the terms and conditions described in the Company’s Offer to Purchase dated November 23, 2021 (the “Offer to Purchase”).

In addition, the Company announced an increase in the Maximum Tender Amount from $250,000,000 to $300,000,000. The other terms of the Tender Offers, including the proration provisions, the acceptance priority levels and the sub cap for the 2027 Notes, as described in the Offer to Purchase, are unchanged.

According to information received from Global Bondholder Services Corporation (“GBSC”), the Tender Agent and Information Agent for the Tender Offers, as of 5:00 p.m., New York City Time, on November 7, 2021 (the “Early Tender Time”), the Company had received validly tendered (and not validly withdrawn), Notes as set forth in the table below.

________________

Because the increased Maximum Tender Amount is exceeded by the aggregate principal amount of 2025 Notes tendered in the Tender Offers, the Company will not purchase any tendered 2027 Notes. In addition, all of the 2025 Notes validly tendered at or prior to 5:00 p.m., New York Time, December 29, 2021 (the “Expiration Date”), including the 2025 Notes tendered as of the Early Tender Time and any additional 2025 Notes validly tendered following the Early Tender Time, will be subject to proration based on the total principal amount of 2025 Notes validly tendered at or prior to the Expiration Date.

RBC Capital Markets, LLC and Wells Fargo Securities, LLC are the Lead Dealer Managers in the Tender Offers and BofA Securities, Inc., Citigroup Global Markets Inc., Mizuho Securities USA LLC and MUFG Securities Americas Inc. are Co-Dealer Managers in the Tender Offers. Global Bondholder Services Corporation has been retained to serve as the Tender Agent and Information Agent for the Tender Offers. Persons with questions regarding the Tender Offers should contact RBC Capital Markets, LLC at (toll free) (877) 381-2099 or (collect) (212) 618-7843 and Wells Fargo Securities, LLC at (toll free) (866) 309-6316 or (collect) (704) 410-4756. Requests for the Offer to Purchase should be directed to Global Bondholder Services Corporation at (toll free) (866) 807-2200 or by email to This email address is being protected from spambots. You need JavaScript enabled to view it..

None of the Company, the Dealer Managers, the Tender and Information Agent, the trustees or any of their respective affiliates (x) makes any recommendation that holders of Notes tender or refrain from tendering all or any portion of the principal amount of their Notes, and no one has been authorized by any of them to make such a recommendation or (y) except as expressly set forth herein with respect to the Company, the Dealer Managers, the Tender and Information Agent or any of their respective affiliates, makes any representations or warranties. The trustees do not assume any responsibility for the accuracy or completeness of the information concerning the Company, its affiliates or the Notes contained herein or any failure by the Company to disclose events that may have occurred and may affect the significance or accuracy of that information. Holders of Notes must make their own decision as to whether to tender their Notes, and, if so, the principal amount of Notes as to which action is to be taken.

This news release shall not constitute an offer to sell, a solicitation to buy or an offer to purchase or sell any securities. The Tender Offers and the related consent solicitation are being made only pursuant to the Offer to Purchase and only in such jurisdictions as is permitted under applicable law. In any jurisdiction in which the Tender Offers are required to be made by a licensed broker or dealer, the Tender Offers will be deemed to be made on behalf of the Company by the Dealer Managers (as defined in the Offer to Purchase), or one or more registered brokers or dealers that are licensed under the laws of such jurisdiction.

About Southwestern Energy

Southwestern Energy Company is a leading U.S. producer of natural gas and natural gas liquids focused on responsibly developing large-scale energy assets in the nation’s most prolific shale gas basins. SWN’s returns-driven strategy strives to create sustainable value for its stakeholders by leveraging its scale, financial strength and operational execution.

Forward-Looking Statements

Certain statements and information in this news release may constitute “forward-looking statements.” Forward-looking statements relate to future events, including, but not limited to the Tender Offers and the related consent solicitation. The words “believe,” “expect,” “anticipate,” “plan,” “predict,” “intend,” “seek,” “foresee,” “should,” “would,” “could,” “attempt,” “appears,” “forecast,” “outlook,” “estimate,” “project,” “potential,” “may,” “will,” “likely,” “guidance,” “goal,” “model,” “target,” “budget” and other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. Statements may be forward looking even in the absence of these particular words. Where, in any forward-looking statement, Southwestern Energy Company expresses an expectation or belief as to future results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. Management cautions you that the forward-looking statements contained herein are not guarantees of future performance, and we cannot assure you that such statements will be realized or that the events and circumstances they describe will occur. Factors that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements herein include, but are not limited to: closing the GEPH merger; the timing and extent of changes in market conditions and prices for natural gas, oil and natural gas liquids, including regional basis differentials and the impact of reduced demand for our production and products in which our production is a component due to governmental and societal actions taken in response to COVID-19 or other public health crises and any related company or governmental policies and actions to protect the health and safety of individuals or governmental policies or actions to maintain the functioning of national or global economies and markets; our ability to fund our planned capital investments; a change in our credit rating, an increase in interest rates and any adverse impacts from the discontinuation of the London Interbank Offered Rate; the extent to which lower commodity prices impact our ability to service or refinance our existing debt; the impact of volatility in the financial markets or other global economic factors; difficulties in appropriately allocating capital and resources among our strategic opportunities; the timing and extent of our success in discovering, developing, producing and estimating reserves; our ability to maintain leases that may expire if production is not established or profitably maintained; our ability to transport our production to the most favorable markets or at all; the impact of government regulation, including changes in law, the ability to obtain and maintain permits, any increase in severance or similar taxes, and legislation or regulation relating to hydraulic fracturing, climate and over-the-counter derivatives; the impact of the adverse outcome of any material litigation against us or judicial decisions that affect us or our industry generally; the effects of weather; increased competition; the financial impact of accounting regulations and critical accounting policies; the comparative cost of alternative fuels; credit risk relating to the risk of loss as a result of non-performance by our counterparties; and any other factors listed in the reports we have filed and may file with the Securities and Exchange Commission that are incorporated by reference herein. All written and oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary statement.

Investor Contact
Brittany Raiford
Director, Investor Relations
(832) 796-7906
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• Order for high-efficiency gas turbines & compressors for main refrigerant train
• Pluto Train 2 will have a capacity of approximately 5 million tons per annum of LNG production
• Agreement builds on Baker Hughes’ 30+ year relationship with Woodside on LNG projects

HOUSTON & LONDON--(BUSINESS WIRE)--Baker Hughes (NASDAQ: BKR) has been awarded a contract by Bechtel to provide high-efficiency gas turbines and centrifugal compressors to support the expansion of the Pluto LNG onshore processing facility in Western Australia, which is operated by Woodside. The construction of Pluto LNG’s second train (“Pluto Train 2”) builds on Baker Hughes’ existing technology supply for Pluto LNG’s first train, which has been in operation since 2012, and further expands Baker Hughes’ global turbomachinery fleet in LNG operations.

Pluto Train 2, using Baker Hughes’ proven technology, will be one of the most efficient LNG trains in Australia with an expected capacity of approximately 5 million tons per annum (mtpa). Pluto Train 2 will process natural gas from the nearby offshore Scarborough field, which contains only around 0.1% carbon dioxide. This makes it an attractive option for Woodside’s major LNG customers seeking reliable, affordable and lower-carbon energy to meet demand and support their countries’ decarbonization goals.

Baker Hughes’ scope of supply includes six LM6000PF+ aeroderivative gas turbines and 14 centrifugal compressors for the main refrigerant train, as well as one gas turbine generator in addition to the existing Train 1 power system. The LM6000PF+ turbine is highly-efficient, cost-effective and flexible in operation, maximizing efficiency and helping to lower greenhouse gas emissions.

“This latest order builds on our longstanding relationship with Woodside dating back to 1989, when we first started partnering in pioneering LNG solutions for natural gas supply,” said Rod Christie, executive vice president of Turbomachinery & Process Solutions at Baker Hughes. “Our state-of-the-art technology combined with Woodside’s commitment to supplying lower carbon intensity liquefied natural gas shows how we can responsibly provide secure energy together. Pluto Train 2 will be critical for the energy transition, supporting the strong demand for natural gas and the need for increasingly efficient, safe and reliable LNG operations.”

Packaging of the turbine/compressor train, a unique Baker Hughes offering, manufacturing of compressors and testing of the trains will take place at Baker Hughes’ facilities in Florence and Massa, Italy. Baker Hughes LNG turbomachinery equipment is installed at 50 LNG plants in operation around the world, driving more than 420 MTPA of global LNG installed capacity.

About Baker Hughes

Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions for energy and industrial customers worldwide. Built on a century of experience and with operations in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.

About Pluto LNG and Pluto Train 2

Pluto LNG is an onshore LNG processing facility located near Karratha in the north-west of Western Australia. First cargo from the single-train facility was delivered in 2012.

Expansion of Pluto LNG will include the construction of Pluto Train 2, associated domestic gas processing facilities, supporting infrastructure and modifications to Pluto Train 1 to allow it to process Scarborough gas. Bechtel has been selected as the EPC contractor for Pluto Train 2 and integration into existing Pluto LNG facilities.

Final investment decisions on Scarborough and Pluto Train 2 Developments were announced by the respective joint ventures on 22 November 2021.

Media Relations

Chiara Toniato
+39 346 382 3419
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Helen Roberts
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DALLAS--(BUSINESS WIRE)--Energy Transfer LP (NYSE: ET) (“ET”) announced today the pricing of the previously announced underwritten secondary public offering of 86,956,522 common units representing limited partner interests in ET (“common units”) by CenterPoint Energy Midstream, Inc. (the “Selling Unitholder”), a subsidiary of CenterPoint Energy, Inc. (NYSE: CNP), for gross proceeds of $665,217,393. The offering is expected to close on December 10, 2021, subject to customary closing conditions.

The Selling Unitholder has granted Citigroup, J.P. Morgan and Morgan Stanley, as representatives of the underwriters, a 30-day option to purchase up to 13,043,478 additional common units from the Selling Unitholder at the public offering price less underwriting discounts and commissions. ET is not selling any common units in the offering and will not receive any proceeds from the sale of common units in the offering.

Citigroup, J.P. Morgan and Morgan Stanley are acting as the joint book-running managers for the offering. The offering is being made only by means of the prospectus supplement and accompanying base prospectus, which is part of a shelf registration statement that became effective on June 1, 2021, copies of which may be obtained from Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (Tel: 800-831-9146); J.P. Morgan, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at (866) 803-9204, or by email at This email address is being protected from spambots. You need JavaScript enabled to view it.; or Morgan Stanley, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014. An electronic copy of the prospectus supplement and accompanying base prospectus is available from the U.S. Securities and Exchange Commission’s website at www.sec.gov.

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

Energy Transfer LP (NYSE: ET) owns and operates one of the largest and most diversified portfolios of energy assets in North America, with a strategic footprint in all of the major U.S. production basins. Energy Transfer is a publicly traded limited partnership with core operations that include complementary natural gas midstream, intrastate and interstate transportation and storage assets; crude oil, natural gas liquids (NGL) and refined product transportation and terminalling assets; and NGL fractionation. Energy Transfer also owns Lake Charles LNG Company, as well as the general partner interests, the incentive distribution rights and 28.5 million common units of Sunoco LP (NYSE: SUN), and the general partner interests and 46.1 million common units of USA Compression Partners, LP (NYSE: USAC).

Forward-Looking Statements

Statements about the offering may be forward-looking statements as defined under federal law. Forward-looking statements can be identified by words such as “anticipates,” “believes,” “intends,” “projects,” “plans,” “expects,” “continues,” “estimates,” “goals,” “forecasts,” “may,” “will” and other similar expressions. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties and factors, many of which are outside the control of ET, and a variety of risks that could cause results to differ materially from those expected by management of ET. Important information about issues that could cause actual results to differ materially from those expected by management of ET can be found in ET’s public periodic filings with the SEC, including its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. ET undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time.

ENERGY TRANSFER
Investor Relations:
Bill Baerg, Brent Ratliff, Lyndsay Hannah, 214.981.0795
or
Media Relations:
Vicki Granado, 214.840.5820

HOUSTON--(BUSINESS WIRE)--Enterprise Products Partners L.P. (NYSE: EPD) announced today it will host investor meetings at the Wells Fargo Virtual Midstream, Utility & Renewables Symposium on Wednesday, December 8, 2021 and Thursday, December 9, 2021.

The latest investor deck, which may be used to facilitate investor meetings, can be accessed under the Investors tab on the Enterprise website.

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. Services include: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage and marine terminals; crude oil gathering, transportation, storage and marine terminals; petrochemical and refined products production, transportation, storage, and marine terminals; and a marine transportation business that operates on key U.S. inland and intracoastal waterway systems. The partnership’s assets include approximately 50,000 miles of pipelines; 260 million barrels of storage capacity for NGLs, crude oil, refined products and petrochemicals; and 14 billion cubic feet of natural gas storage capacity. Please visit www.enterpriseproducts.com for more information.

Randy Burkhalter, Investor Relations, (713) 381-6812 or (866) 230-0745, This email address is being protected from spambots. You need JavaScript enabled to view it.
Rick Rainey, Media Relations, (713) 381-3635, This email address is being protected from spambots. You need JavaScript enabled to view it.

AKRON, Ohio--(BUSINESS WIRE)--$BW #wastetoenergy--Babcock & Wilcox (B&W) (NYSE: BW) announced today that its B&W Renewable segment has received a $24 million contract for a new-build waste-to-energy project in Europe. B&W announced it had received a limited notice to proceed on the engineering portion of the contract in June 2021.

B&W Renewable will design and supply advanced technologies, including a waste-to-energy combustion system and DynaGrate^® combustion grate, to process recovered solid waste to produce process steam and power while helping eliminate the use of coal as a fuel source. The facility will have two lines, each capable of processing 29 tons of waste per hour.

“By reducing reliance on coal for power generation, B&W Renewable’s waste-to-energy technology will help the facility’s operators reduce net carbon dioxide emissions while economically generating clean power,” said B&W Chief Operating Officer Jimmy Morgan. “Our waste-to-energy technologies also are a powerful solution for combating the potent greenhouse gas methane, which is generated by decomposing waste in landfills.”

“We see tremendous interest in our waste-to-energy solutions from customers throughout the world who are interested in reducing emissions and generating clean energy, and we are actively pursuing opportunities in this market,” Morgan said.

B&W Renewable’s DynaGrate provides excellent performance with low maintenance costs, thanks to a unique, patented combustion grate design. DynaGrate technology can meet the exacting demands of waste-fired plants, which require a high level of accessibility, fuel flexibility, and energy recovery, under environmentally sound conditions.

About Babcock & Wilcox

Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises is a leader in energy and environmental products and services for power and industrial markets worldwide. Follow us on LinkedIn and learn more at babcock.com.

About B&W Renewable

Babcock & Wilcox Renewable offers cost-effective technologies for efficient and environmentally sustainable power and heat generation, including waste-to-energy, biomass energy and black liquor systems for the pulp and paper industry. B&W Renewable’s leading technologies support a circular economy, diverting waste from landfills to use for power generation and replacing fossil fuels, while recovering metals and reducing emissions.

Forward-Looking Statements

B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to the receipt of a contract for a waste-to-energy project at an industrial facility in Europe and its outlook on and intention to pursue additional opportunities in the European market. These forward-looking statements are based on management’s current expectations and involve a number of risks and uncertainties. For a more complete discussion of these risk factors, see our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K. If one or more of these risks or other risks materialize, actual results may vary materially from those expressed. We caution readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and we undertake no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.

Investor Contact:
Megan Wilson
Vice President, Corporate Development & Investor Relations
Babcock & Wilcox
330-860-6802 | 704.625.4944
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Media Contact:
Ryan Cornell
Public Relations
Babcock & Wilcox
330.860.1345
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This year’s event will provide the latest updates in new and existing research projects, providing critical tools and guidance for the cloud-adopting community

SEATTLE--(BUSINESS WIRE)--#RSAC--The Cloud Security Alliance (CSA), the world’s leading organization dedicated to defining standards, certifications, and best practices to help ensure a secure cloud computing environment, today announced that registration has opened for its upcoming CSA Research Summit at RSAC 2022. The event, being held in conjunction with the 2022 RSA Conference on February 7 at the Moscone Center in San Francisco, will showcase the research projects that will define cloud security for years to come.

“For over a decade, the Cloud Security Alliance Summit has been a Monday fixture at the RSA Conference, providing a look ahead at the important trends in cloud and cybersecurity for the coming year. We are proud to be back in person with a special event showcasing the research projects that will define cloud security for years to come,” said Jim Reavis, co-founder and CEO, Cloud Security Alliance. “2022 is commencing with cloud finally entrenched as the primary IT system worldwide and cloud security now the foundation of cybersecurity programs. The CSA Research Summit will provide the latest updates in new and existing research projects, providing critical tools and guidance for the cloud adopting community.”

Featured sessions from key CSA working groups will cover topics such as Zero Trust, top threats in the cloud, vulnerabilities identification and disclosures, cloud key management, and C-suite cloud strategies. including:

• Policy Development and Business Alignment for Cloud. Speakers: Jon-Michael Brook, Ed Hagopian, Sean Heide. This discussion will show the usage of the enterprise architecture to cover key areas of cloud, as well as utilizing the Cloud Controls Matrix (CCM) and Consensus Assessment Initiative Questionnaire (CAIQ) to build out appropriate controls within policy.
• Zero Trust: What it is, what it isn’t. Speakers: Jason Garbis, Junaid Islam. This presentation will examine Zero Trust and present and future approaches to this network security concept, along with the importance of identity within the construct of Zero Trust.
• Pillars for Practical Implementation of Secure DevOps. Speaker: Sam Sehgal. In this session, we will provide an overview of the research from Cloud Security Alliance’s DevSecOps Working Group. From collective responsibility to automation, researchers will discuss the recommendations from CSA’s Six Pillars of DevSecOps whitepaper series and the current state of security within cloud application development.
• Cloud Dev Wars: Serverless vs Containers & Microservices. Panel Speakers: Anil Karmel, Vishwas Manral, Aradhna Chetal. A combination of serverless functions, application containers and other microservices are rapidly becoming the foundation of cloud application development and the successor to virtual machines. In this session, researchers from multiple CSA working groups will compare and contrast these tools, articulate the unique security concerns of each, and provide guidance for security strategies encompassing all of these environments.
• Top Threats- Survey Report. Speakers: Sean Heide, Jon-Michael Brook. The final copy of the Top Threats survey report and note findings will be introduced for this session.
• Global Security Database (GSD) - A New CSA Working Group. Speaker: Josh Bressers. In this session, Cloud Security Alliance researchers will discuss the latest developments from our new GSD working group, which is chartered to identify and understand the problems around vulnerability discovery, reporting, publication, tracking, and classification.
• Taking Control of Your Enterprise's IoT Security. Speaker: Brian Russell. This presentation will cover the CSA IoT Security Control Matrix and how enterprise organizations can tailor it to their unique risk profiles, leverage the matrix to create or update an Enterprise IoT Security Architecture, and how it can be applied across different industries, including manufacturing, health care operations, and transportation.
• Cloud Security in the Quantum Era: Getting ready for Y2Q. Speaker: Bruno Huttner. Attendees will get an overview of the quantum computer and quantum threat, as well as possible solutions some of which are based on new algorithms, known as quantum-resistant algorithms.
• Guidance from Health Information Management (HIM) Publications. Speakers: Jim Angle, Vince Campitelli. This session will use papers from the HIM Working Group as an outline for providing guidance that can benefit healthcare delivery organizations, medical officials and professionals, and patients.
• CxO Trust Initiative: Research for the C-Suite. Speakers: Vinay Patel, Illena Armstrong, John Yeoh. This session will give an overview on some of the research ideas and strategies from the CxO Trust Advisory Council, which includes personal identifiable information (PII) in the cloud, SaaS provider security, Zero Trust models, cross-cloud-platform security strategy, security operations and response, confidential computing, regulatory compliance, and cloud expertise, among others.

Space is limited and interested parties are encouraged to register today.

About Cloud Security Alliance

The Cloud Security Alliance (CSA) is the world’s leading organization dedicated to defining and raising awareness of best practices to help ensure a secure cloud computing environment. CSA harnesses the subject matter expertise of industry practitioners, associations, governments, and its corporate and individual members to offer cloud security-specific research, education, training, certification, events, and products. CSA's activities, knowledge, and extensive network benefit the entire community impacted by cloud — from providers and customers to governments, entrepreneurs, and the assurance industry — and provide a forum through which different parties can work together to create and maintain a trusted cloud ecosystem. For further information, visit us at www.cloudsecurityalliance.org, and follow us on Twitter @cloudsa.

ZAG Communications for the CSA
Kristina Rundquist
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Company to develop flexible geolocation signal processing tools

VIENNA, Va.--(BUSINESS WIRE)--Spire Global, Inc.(NYSE: SPIR) ("Spire" or the "Company"), a leading global provider of space-based data, analytics, and space services, has been awarded a contract under the European Space Agency's (ESA) Navigation Innovation and Support Programme (NAVISP) Element 2 Program funded by UK Space Agency. Spire will work with NAVISP to build on the current capabilities of the Spire constellation and develop tools needed for geolocation signal processing, which will be applied toward geolocating Global Navigation Satellite System (GNSS) interferences coming from Earth’s surface. Spire’s low-earth orbit (LEO) nanosatellite technology will be used to collect suspect interfering RF signals from a range of geographic areas prone to disruptions. Advanced processing algorithms will be developed to characterise the collected signals in support of a range of potential use cases.

NAVISP Element 2 emphasizes maintaining and improving the capability and competitiveness of the position, navigation, and timing (PNT) industry and its technologies and services in the global satellite navigation market. In recent years, PNT services have become ubiquitous and are currently relied upon by numerous applications, including key elements of critical national infrastructure such as telecommunications, emergency services, energy, finance, food, and transport. The GNSS signals utilized in these applications are vulnerable to interference, which can disrupt PNT services.

Drawing from Spire's expertise in space-based infrastructure and GNSS, the project will develop a suite of geolocation signal collection and processing techniques (including single and multi-satellite) to detect and characterise signals collected from a variety of expected interference scenarios.

“Satellite-derived position, navigation, and timing signals underpin services such as banking and transportation, as well as almost all the UK’s Critical National Infrastructure (including energy, policing, and healthcare) and defense operations,” says the United Kingdom’s 2021 National Space Strategy. “Space capabilities are already central to many basic safety-critical civil functions, and this dependency on space will only increase.”

“In order to maintain the continuity of applications reliant on PNT services, we recognized a need for a more proactive monitoring solution for sources of interference,” said Theresa Condor, Chief Operating Officer at Spire Global. “Given the massive number of potential interference sources and large areas to monitor, it’s difficult to perform effective monitoring from the ground or aircraft altitudes, and current technologies are not practical at scale. Implementing a more advanced system will increase coverage of these vulnerable areas, and encourage more targeted and localized actions to ensure faster activation of backup solutions.”

About Spire Global, Inc.

Spire (NYSE: SPIR) is a leading global provider of space-based data, analytics, and space services, offering access to unique datasets and powerful insights about Earth from the ultimate vantage point so that organizations can make decisions with confidence, accuracy, and speed. Spire uses one of the world’s largest multi-purpose satellite constellations to source hard to acquire, valuable data and enriches it with predictive solutions. Spire then provides this data as a subscription to organizations around the world so they can improve business operations, decrease their environmental footprint, deploy resources for growth and competitive advantage, and mitigate risk. Spire gives commercial and government organizations the competitive advantage they seek to innovate and solve some of the world’s toughest problems with insights from space. Spire has offices in San Francisco, Boulder, Washington DC, Glasgow, Luxembourg, and Singapore. To learn more, visit http://www.spire.com.

About NAVISP Element 2

NAVISP is an optional programme of the European Space Agency initiated in 2017 to support the generation and introduction of innovation in various PNT market segments. The main goal of NAVISP is to generate innovative concepts, techniques and systems linked to the highly competitive and evolving global market for PNT technologies. Element 2 keeps demonstrating the pertinence of its action with more than 120 activities incubated so far.

For media relations at Spire Global, Inc.:
Janine Kromhout
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For investor relations at Spire Global, Inc.:
Hillary Yaffe
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Unsurpassed price to performance in inertial measurement and navigation systems

PAEONIAN SPRINGS, Va.--(BUSINESS WIRE)--#AHRS--Inertial Labs, an industry leading developer and supplier of orientation, inertial navigation, and optically enhanced sensor modules has acquired MEMSENSE, a developer of inertial measurement units that lead the market in performance and value.

Inertial Labs and MEMSENSE have an experienced and talented workforce to address the rapidly evolving needs of customers globally. The combined company of more than 100 employees and 500 customers expects to introduce breakthrough technologies at an accelerated pace across high-value areas such as autonomous vehicles, GPS-denied navigation, industrial machines, and aerospace & defense. In addition, Inertial Labs and MEMSENSE have a strong balance sheet to support critical business initiatives, deliver with short product lead times, and the ability to invest in promising integrations.

“Our strategic acquisition of MEMSENSE brings together two high growth companies with proven performance in solving some of the world’s most difficult stabilization and navigation problems.” said Jamie Marraccini, President and CEO of Inertial Labs. “Our customers will benefit from our combined capabilities and resources.”

"As we move forward, Inertial Labs and MEMSENSE will define the future of MEMS IMUs,” said James Brunsch, CEO of MEMSENSE. “Our focus on innovation, our world-class team, and our strength in customer collaboration allow us to deliver the exact specs needed by our customers."

This strategic combination results in current and future customers receiving the following benefits:

• Increased production capabilities of up to 50,000 units annually in order to meet the needs of larger Aerospace & Defense contracts for guidance and navigation applications;
• Low-cost, consumer-grade IMUs; ruggedized industrial-grade models; affordable tactical-grade IMUs and finally Inertial Measurement Units with near-FOG level of performance (0.1 deg/h bias instability);
• A larger range of devices for Unmanned Ground Vehicles (UGV); Unmanned Aerial Vehicles (UAV); Autonomous and Automated Ground Vehicles (AGV);
• Expanded R&D efforts to accelerate delivery of Inertial Measurement Units for stabilization applications like Electro-Optical Systems, Pan and Tilt platforms, and Remote Weapon Stations (RWS);
• New IMU models with improved performance will increase capabilities of the Inertial Labs – GPS-Aided Inertial Navigation Systems (INS), Wave Sensors, Motion Reference Units (MRU) and Attitude Heading Reference Systems (AHRS);
• To complete development of new high-performance systems including a MEMS-based gyro-compasses (3 MILS Azimuth and 1 MIL Elevation accuracy).

About Inertial Labs

Established in 2001, Inertial Labs is the leader in position and orientation technologies for both commercial/industrial and aerospace/defense applications. With a worldwide distributor & representative network covering 20+ countries across 6 continents, a standard product offering that spans from Inertial Measurement Units (IMU) up to full GPS-Aided Inertial Navigation Systems (INS), and an application breadth that covers Land, Air, and Sea; Inertial Labs covers the gambit of inertial technologies.

About MEMSENSE

Founded in 2004, MEMSENSE quickly built its reputation as a technological leader by engineering innovative solutions for demanding applications including the Trajectory Correction Kit for the US Army's Multiple Launch Rocket System, a high-performance rate sensor system for the Apache gunship's M230 cannon, and a MEMS-based low drift marine navigational aid as a fiber optic gyro replacement. MEMSENSE’s customer base started with the US Army, Navy, Air Force, defense contractors, and NASA, and expanded rapidly in the commercial and industrial sectors. MEMSENSE achieves unsurpassed price to performance in inertial measurement units.

https://inertiallabs.com

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For further information:
Anton Barabashov
VP of Business Development
Inertial Labs Inc.
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+1 (703) 880-4222
39959 Catoctin Ridge Street, Paeonian Springs, VA 20129

AECOM will be working with VPI and Phillips 66 Limited to gain consents for the Humber Zero carbon capture and storage project.

DALLAS--(BUSINESS WIRE)--AECOM (NYSE: ACM), the world’s trusted infrastructure consulting firm, today announced it is leading the effort to obtain the consents and permits for the Humber Zero project, which will contribute to the decarbonization of critical industry in the Humber region of Northern England, United Kingdom.

The Humber Zero project will integrate carbon capture and storage (CCS) technology into units at the Phillips 66 Humber Refinery and VPI Immingham combined heat and power plant. By 2030, the project is expected to capture up to eight million tons of carbon dioxide (CO₂) annually at source before it is transported via pipeline to permanent storage sites under the North Sea. Carbon capture will integrate specialist technology into the existing processing units and plants, including absorption techniques to capture and recover the CO₂.

“The Humber Zero project reflects the importance of advancing key sustainability initiatives that create a positive impact on the communities where we operate, which is a key component of our Sustainable Legacies strategy,” said Lara Poloni, AECOM’s president. “By integrating world-class carbon capture and storage technology, we are demonstrating how we can help take important steps towards reaching net zero emissions and creating positive social value.”

AECOM, supported by planning consultants DWD, will oversee the Humber Zero project through the permitting phase, preparing planning and permit applications and supporting the environmental impact assessment. This work will include a detailed review of the impact the Humber Zero project may have on the local environment and community.

Jonathan Briggs, VPI project director for Humber Zero said: “Humber Zero will secure critical industry in the Humber region, which is home to more than 25 percent of the UK’s refining capacity. Decarbonizing industry will ensure its competitiveness and help secure tens of thousands of jobs in the region and beyond.”

AECOM is committed to delivering its transformative environmental, social, and governance objectives through its Sustainable Legacies strategy, ensuring the work it does in partnership with clients leaves a positive impact for years to come.

About AECOM

AECOM (NYSE: ACM) is the world’s trusted infrastructure consulting firm, delivering professional services throughout the project lifecycle – from planning, design and engineering to program and construction management. On projects spanning transportation, buildings, water, new energy, and the environment, our public- and private-sector clients trust us to solve their most complex challenges. Our teams are driven by a common purpose to deliver a better world through our unrivaled technical expertise and innovation, a culture of equity, diversity and inclusion, and a commitment to environmental, social and governance priorities. AECOM is a Fortune 500 firm and its Professional Services business had revenue of $13.3 billion in fiscal year 2021. See how we are delivering sustainable legacies for generations to come at aecom.com and @AECOM.

Forward-Looking Statements

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

Media Contact:
Brendan Ranson-Walsh
Vice President, Global Communications & Corporate Responsibility
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Company Seeks Energy Industry Trailblazers to Help Lead the Way in the Production Era

AUSTIN, Texas--(BUSINESS WIRE)--#DataIsTheNewOil--Zeno Technologies today unveiled its new Pioneer customer program to partner with trailblazing organizations to help build a more trusted future for the energy industry by enabling smarter decisions through data-driven business insight. The program – specially designed for businesses eager to embrace new technologies – will offer up to 10 companies a curated package of Pioneer benefits, including early access to new product features, enhanced customer support, C-level engagement with Zeno’s leadership team, direct input into product development, and special networking opportunities for virtual & in-person collaboration with fellow energy industry Pioneers.

The initial cohort of Zeno’s Pioneer program will be selected to represent a mix of regions, sizes and strategies, with the goal of empowering them to work in a more efficient, trusted and collaborative manner. With early and enhanced access to Zeno’s advanced toolset, the inaugural cohort of Zeno’s Pioneer program will be ahead of the curve in adopting the latest technology to enable faster, smarter business decisions and gain a leg up on their competitors.

“We know that there are people out there who are deeply frustrated by the status quo,” said Zeno’s CEO, Sealy Laidlaw. “These people are working incredibly hard to understand their business numbers so they can make smarter, more timely decisions, but current technologies are holding them back. Our Pioneer program is designed to work with them, build a better way together, and enable their businesses to become more successful, while strengthening the industry as a whole.”

Why Zeno?
Today’s energy-focused organizations often struggle to stitch together a patchwork of legacy tools in an attempt to combine production and market data to truly understand their business performance. Zeno’s Energy Operating System addresses this key pain point, bringing a new approach to this systemic issue. Using sophisticated data manipulation techniques to create a comprehensive view of their energy assets, Zeno for the first time gives leadership teams the ability to truly understand historical, current and expected future performance, all within a single platform. Further, businesses can identify and drill down into key business drivers and sensitivities. These insights empower energy leadership teams with newfound intelligence to hone the performance of their energy portfolio, make fully informed strategic decisions, and outmaneuver their competitors.

Why Now?
Zeno is launching this program at a pivotal time when the energy industry faces parallel challenges in terms of ensuring reliable supply at a reasonable economic cost today, while balancing external ESG pressures threatening to reshape the future of the industry. By accelerating the adoption of data-driven decision-making and helping more companies truly understand the commercial performance of their energy assets, Zeno aims to help these businesses successfully navigate these interlinked crises so they can thrive in the Production Era.

Zeno is accepting businesses into the Pioneer program on a rolling basis and will cap cohort admission at 10 qualified organizations. For more information, visit www.zenotech.io/pioneers/ or email This email address is being protected from spambots. You need JavaScript enabled to view it..

About Zeno Technologies
Zeno Technologies helps energy-focused businesses thrive in the Production Era. The company’s Energy Operating System is used by energy companies, investors and partners to drive business performance by connecting entire organizations through data on a common platform, delivering real-time insights so their businesses can run on real numbers instead of best estimates. Zeno is privately held and headquartered in Austin, TX. For more information, visit www.zenotech.io.

John Snedigar
Faultline Communications
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408-705-7518

NEW YORK--(BUSINESS WIRE)--Moody’s Corporation (NYSE:MCO) announced today that it has received an ‘A’ score from CDP on climate action for the second consecutive year. The top score recognizes Moody’s as one of a small number of high-performing companies out of nearly 12,000 that are leading actions to cut emissions, mitigate climate risks and develop the low-carbon economy.

“As a member of CDP’s Reporter Services and Supply Chain programs, Moody’s Corporation has demonstrated environmental leadership and commitment to curb climate change within their business, as well as among their suppliers. Looking ahead, we are excited to see their continued dedication to transparency and prolonged effort to securing a net-zero, sustainable world,” said Simon Fischweicher, Head of Corporates and Supply Chains for CDP North America.

In 2021, Moody’s accelerated its commitment to achieve net-zero emissions by 2040, bringing its original target forward by ten years, and advanced its validated, interim net-zero science-based targets. Progress on these targets can be viewed in Moody’s TCFD Report and Stakeholder Sustainability Report.

“As the world faces unparalleled challenges from climate change, I am proud that Moody’s has again received this prestigious recognition from CDP,” said Rob Fauber, President & Chief Executive Officer of Moody’s. “Sustainability is at the heart of everything we do, and in our role as a global risk assessment firm, we can also support others to make more sustainable decisions, anticipate emerging risks, and invest in historic opportunities.”

Moody’s helps market participants identify climate-related risks and opportunities with a broad spectrum of climate solutions and insights, ranging from entity level information to macro level analytics, to help quantify climate risk factors and readiness. Moody’s also publishes a range of climate-related thought leadership and analysis, including a recent special report analyzing the implications of a rapid carbon transition for the most carbon-intensive corporate sectors.

Moody’s was recently included in the Dow Jones Sustainability Indices and ranked in the top 10 percent of leading sustainability performers. The company is a founding member of the Net Zero Financial Services Provider Alliance, part of the Glasgow Financial Alliance for Net Zero (GFANZ). In 2021, Moody’s joined the Taskforce on Nature-related Financial Disclosures (TNFD), an industry-led initiative to shift global financial flows from nature-negative to nature-positive outcomes.

Read more about how Moody’s is connecting climate action to its business purpose in CDP’s Stories of Change and visit the company’s sustainability site to learn about its environmental efforts and to access its portfolio of climate-related reports.

ABOUT MOODY’S CORPORATION

Moody’s (NYSE: MCO) is a global integrated risk assessment firm that empowers organizations to make better decisions. Its data, analytical solutions and insights help decision-makers identify opportunities and manage the risks of doing business with others. We believe that greater transparency, more informed decisions, and fair access to information open the door to shared progress. With over 13,000 employees in more than 40 countries, Moody’s combines international presence with local expertise and over a century of experience in financial markets. Learn more at moodys.com/about.

SHIVANI KAK
Investor Relations
212.553.0298
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JULIAN KNAPP
Corporate Communications
+44 20.7772.5454
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DUBLIN--(BUSINESS WIRE)--The "Non-Destructive Testing Market by Solution, Method, End-User - Global Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.

The global non-destructive testing (NDT) market is expected to grow at a CAGR of 7.4% from 2021 to 2028 to reach $15.07 billion by 2028.

Factors such as stringent government regulations regarding the safety of assets, rising need to assess the structural integrity of aging infrastructure, and application of advanced materials in manufacturing processes are driving the growth of this market. However, the lack of proper training for NDT personnel and high cost of NDT equipment, maintenance, and inventory are expected to hinder the growth of this market to a certain extent.

Based on solution, the NDT market is segmented into instruments, software, testing services, and ancillary services. In 2021, the testing services segment is expected to command the largest share of the non-destructive testing market. The large share of this segment can be attributed to factors such as increasing demand for safety standards in process industries, assessing the health of aging public infrastructure, and increasing efficiency of assets in industries.

Based on method, the NDT market has been categorized into volumetric examination, surface examination, visual examination, and others. In 2021, the volumetric examination segment is projected to command the largest share of the market. The widespread use of volumetric examination in the oil & gas industry for the inspection of pipelines is one of the major drivers for the growth of this segment.

Based on end user, the NDT market has been divided oil & gas, automotive & heavy engineering, aerospace & defense, power generation, manufacturing, public infrastructure, medical & healthcare, and others.

In 2021, the oil & gas sector is poised to account for the largest share of the market. This large share can be attributed to the increasing demand for energy; growing importance of safety, integrity, reliability of plant & machineries; and various environmental protection laws and other regulations.

In 2021, North America is expected to account for the largest share of the global non-destructive testing market, followed by Asia-Pacific.

Market Dynamics

Non-Destructive Testing Market Drivers: Impact Analysis

• Stringent Government Regulations for Asset Safety
• Rising Need to Assess the Structural Integrity of Aging Infrastructure and Assets
• Growing Use of Advanced Materials in Manufacturing Processes

Non-Destructive Testing Market Restraints: Impact Analysis

• Lack of Skilled NDT Personnel
• High Equipment and Maintenance Costs

Non-Destructive Testing Market Opportunities: Impact Analysis

• Technological Advancements in NDT
• Infrastructural Expansion Worldwide

Non-Destructive Testing Market Challenges: Impact Analysis

• Reluctance toward Adopting NDT
• Non-Destructive Testing Market Trends
• Growing Use of Drones for Non-Destructive Testing
• Integration of NDT Equipment with Asset Performance Management Software

The key players operating in the global non-destructive testing market are

• Mistras Group Inc.
• Olympus Corporation
• Nikon Metrology Inc.
• Magnaflux Corporation
• Zetec Inc.
• Eddfyi Technologies
• YXLON International GmbH
• Sonatest Ltd.
• Carestream Health
• Intertek Group Plc
• SGS SA

Non-destructive Testing Market Scope

By Solution

• Instrumentation
• Detectors
• Transducers & Probes
• Gauges
• Scanners
• Microscopes
• Others (UV Lamps, Indicators, & Meters)
• Software
• Testing Services
• Acoustic Emission Testing
• Eddy Current Testing
• Alternating Current Field Measurement (ACFM)
• Remote-Field Testing (RFT)
• Eddy-Current Array (ECA)
• Magnetic Particle Testing
• Liquid Penetrant Testing
• Radiography Testing
• X-ray Testing
• Gamma-Ray Testing
• Computed Radiography
• Film Radiography
• Direct Radiography (Real-time)
• Ultrasonic Testing
• Straight Beam Testing
• Angle Beam Testing
• Immersion Testing
• Guided Wave Testing
• Phased Array Testing
• Time-of-flight Diffraction (TOFD)
• Visual Testing
• Unaided Visual Inspection
• Aided Visual Inspection
• Others
• Ancillary Services
• Equipment Rental Services
• Training Services
• Calibration Services

By End User

• Oil & Gas
• Automotive & Heavy Engineering
• Aerospace and Defense
• Power Generation
• Manufacturing
• Public Infrastructure
• Medical & Healthcare
• Others

By Method

• Volumetric Examination
• Surface Examination
• Visual Examination
• Others

By Geography

• North America
• U.S.
• Canada
• Europe
• Germany
• U.K
• France
• Italy
• Spain
• Rest of Europe
• Asia-Pacific (APAC)
• China
• Japan
• India
• Rest of Asia-Pacific (RoAPAC)
• Latin America
• Middle East and Africa

For more information about this report visit https://www.researchandmarkets.com/r/z1suhv

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Canadian blockchain firm GuildOne has been named a Blockchain Pioneer by the world’s leading blockchain industry research and strategy organization.

CALGARY, Alberta--(BUSINESS WIRE)--#AI--GuildOne Inc. (GuildOne) is honoured to announce that the company has been accepted as a Blockchain Pioneer by the prestigious Blockchain Research Institute (BRI).

Founded by disruptive technology experts and early blockchain innovators Don and Alex Tapscott, the Toronto-based think-tank unites global experts in building a strategic vision for blockchain’s role in digital transformation.

“Blockchain is unlocking new avenues for sustainable business, providing business leaders with powerful tools to track and mitigate our carbon impacts,” said Don Tapscott, Executive Chairman of the Blockchain Research Institute. “At the Blockchain Research Institute, we are pleased to partner with innovative companies like GuildOne, who are paving the way for a blockchain-based low carbon economy.”

As a Blockchain Pioneer, GuildOne joins members including Microsoft, Accenture, Deloitte, NASDAQ, and many other forward-looking companies across diverse industries. Through Pioneer status, GuildOne will benefit from access to BRI’s ecosystem and valuable database of 100+ blockchain research projects and will be collaborating with BRI on original research from ESG1, GuildOne’s sustainability division.

Scheduled for release in Q2 2022, the whitepaper will focus on the ESG1’s experience in using public and private blockchain networks to build an automated low-carbon economy, mapping the project’s verified carbon credit tokens from their genesis at an industrial carbon sequestration facility to two separate market pathways: private transactions as offsets, and as a publicly-traded green investment product.

The paper will provide a deep understanding for industry and government on the practical applications of blockchain and tokenization for sustainable project financing, carbon accounting and as a basis for climate-focused investments.

“We’re honoured to be a Pioneer and a BRI member - the success of blockchain relies on the strength of its ecosystems. We view BRI as a powerful and visionary community that will help accelerate our progress towards platforming the low-carbon digital economy,” said GuildOne CEO James Graham.

About GuildOne Inc.

GuildOne leverages the power of advanced blockchain infrastructure and applications to build innovative digital assets and ESG solutions. Working with industry and technology partners including R3 and AWS, the company's pioneering smart contract technologies and secure networks are transforming how business transacts, shares data and creates value. Uniting product intelligence with blockchain traceability and digital assets, GuildOne is developing the automated foundation for the next generation of verified ESG assets.

About the Blockchain Research Institute

The Blockchain Research Institute (BRI) is an independent, global think-tank dedicated to inspiring and preparing private- and public-sector leaders to be the catalysts of the blockchain transformation. Funded by international corporations and government agencies, the BRI brings together the world’s leading thinkers to undertake ground-breaking research on the strategic implications of blockchain technology, producing practical insights to help its member organizations succeed.

www.guild1.co

Media:
Pamela Balkwill
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Vantage Fusion Offers Advanced Detection Performance and Infrastructure-to-Vehicle Connectivity to Improve, Safety, Mobility and Sustainability

• Iteris and Continental’s new hybrid video and radar detection system delivers unmatched performance, with unique visualization capabilities that enable top-down viewing of the entire intersection in real time.
• Vantage Fusion is the first solution from Iteris and Continental’s collaboration to explore intelligent infrastructure technology that readies cities and automotive OEMs for advancements in connected and automated vehicles, and enables safer, smarter and more sustainable roadways.
• Launch marks the expansion of Iteris’ market-leading portfolio of smart sensors and opens up its ClearMobility Platform to Continental’s global network of automotive OEMs.

SANTA ANA, Calif. & AUBURN HILLS, Mich.--(BUSINESS WIRE)--$ITI #IoT--Iteris, Inc. (NASDAQ: ITI), the global leader in smart mobility infrastructure management, and global mobility supplier Continental today announced the launch of Vantage Fusion™, a hybrid traffic detection system that enables real-world vehicle-to-everything (V2X) applications and advanced intersection visualization for safer, smarter and more sustainable roadways.

The Vantage Fusion hybrid video and radar detection system delivers unmatched detection, tracking and classification accuracy of vehicles, pedestrians and cyclists, with unique visualization capabilities that enable intuitive, top-down viewing of intersections in real time.

Vantage Fusion uses information generated by automotive sensors to enable cooperative perception capabilities. In addition to sharing a connected vehicle’s location with other V2X-enabled devices, cooperative perception messaging enables that vehicle to also share what it senses – a pedestrian or car, for example – with the rest of its connected environment.

Vantage Fusion is connected vehicle ready, with the ability to provide critical infrastructure data through V2X communications to connected and automated vehicles (CAVs), including through Iteris’ BlueTOAD® Spectra CV. The hybrid detection system is fully compatible with VantageCare™ – Iteris’ detection health monitoring support service – as well as Iteris’ ClearGuide SPM™ and VantageLive!®, and other third-party web and mobile-based traffic measurement applications.

The launch of Vantage Fusion is the first solution from Iteris and Continental’s recently announced, future-oriented traffic infrastructure collaboration to leverage automotive sensors, and infrastructure-to-vehicle (I2V) connectivity to make city transportation systems across North America safer, more efficient and more sustainable, while supporting local and regional transportation agencies’ efforts to achieve their Vision Zero goals, and preparing cities and automotive OEMs for advancements in connected and automated vehicle (CAV) technologies. The collaboration is focused on improving the current transportation infrastructure while working toward a more balanced, intelligent and optimized infrastructure that communicates seamlessly with the mobility ecosystem in the future thanks to expanded sensing capabilities.

“We are thrilled to announce the launch of Vantage Fusion, a future-oriented hybrid traffic detection system that enables real-world V2X applications, while preparing cities and automotive OEMs for advancements in CAV technologies,” said Todd Kreter, senior vice president and general manager, Advanced Sensor Technologies at Iteris. “With the addition of Vantage Fusion to Iteris’ market-leading portfolio of smart sensors, transportation agencies now have access to unmatched detection and tracking accuracy of vehicles, pedestrians and cyclists, as well as truly unique intersection visualization capabilities, to achieve their goals of improving safety, mobility and sustainability throughout complex transportation networks.”

“Smart mobility is in our DNA at Continental and we are constantly improving and innovating solutions that help make roadways safer for all who use them. As we look to a future with more CAVs, the infrastructure will play a bigger role, demanding updates in sensing, connectivity and communication capabilities,” explained Murali Srinivasan, vice president, Passive Safety and Sensorics, Continental North America. “The launch of Vantage Fusion is a testament to the combination of our long and proven history in safety sensorics with Iteris’ expertise in intelligent infrastructure management to deliver solutions that will contribute to greater environmental awareness and increased road user safety.”

In addition to offering more comfort and convenience to drivers, Iteris and Continental’s solution can contribute to stronger V2X effectiveness – critical in reaching the goal of Vision Zero. The U.S. Department of Transportation states that V2X technology has the potential to address approximately 80% of unimpaired vehicle crashes. Roadway injuries and fatalities also impact people outside of vehicles. According to the National Safety Council, in the United States approximately 30% of all road fatalities are vulnerable road users, which include pedestrians, cyclists, scooters and motorcyclists. Continental and Iteris are committed to helping the mobility industry realize this potential.

The Vantage Fusion detection system is a key component of Iteris’ ClearMobility™ Platform, the most complete solution for continuously monitoring, visualizing and optimizing mobility infrastructure around the world to help ensure that roads are safe, travel is efficient, and communities thrive. The ClearMobility Platform applies cloud computing, artificial intelligence, advanced sensors, advisory services and managed services to achieve safe, efficient and sustainable mobility.

About Iteris, Inc.

Iteris is the global leader in smart mobility infrastructure management – the foundation for a new era of mobility. We apply cloud computing, artificial intelligence, advanced sensors, advisory services and managed services to achieve safe, efficient and sustainable mobility. Our end-to-end solutions monitor, visualize and optimize mobility infrastructure around the world to help ensure that roads are safe, travel is efficient, and communities thrive. Visit www.iteris.com for more information, and join the conversation on Twitter, LinkedIn and Facebook.

About Continental

Continental develops pioneering technologies and services for sustainable and connected mobility of people and their goods. Founded in 1871, the technology company offers safe, efficient, intelligent and affordable solutions for vehicles, machines, traffic and transportation. In 2020, Continental generated sales of €37.7 billion and currently employs more than 192,000 people in 58 countries and markets. On October 8, 2021, the company celebrated its 150th anniversary.

Iteris Forward-Looking Statements

This release may contain forward-looking statements, which speak only as of the date hereof and are based upon our current expectations and the information available to us at this time. Words such as "believes," "anticipates," "expects," "intends," "plans," "seeks," "estimates," "may," “should,” “will,” "can," and variations of these words or similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, statements about the capabilities and benefits of Vantage Fusion and other Iteris solutions and products. Such statements are not guarantees of future performance and are subject to certain risks, uncertainties, and assumptions that are difficult to predict, and actual results could differ materially and adversely from those expressed in any forward-looking statements as a result of various factors.

Important factors that may cause such a difference include, but are not limited to, our ability to provide our services and products in a cost-efficient manner; our ability to introduce, market and gain broad acceptance of our new and existing product and service offerings in the transportation industry; the potential impact of product and service offerings from competitors and other competitive pressures; challenges in the development of software-based solutions generally; and the impact of general economic, political and other conditions in the markets we address. Further information on Iteris, Inc., including additional risk factors that may affect our forward-looking statements, is contained in our Annual Report on Form 10-K, our Quarterly Reports on Form 10-Q, our Current Reports on Form 8-K, and our other SEC filings that are available through the SEC’s website (www.sec.gov).

Iteris Media Contact
David Sadeghi
Tel: (949) 270-9523
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Iteris Investor Relations
MKR Investor Relations, Inc.
Todd Kehrli
Tel: (213) 277-5550
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Continental Media Contact
Kathryn Blackwell
Tel: (248) 393-6593
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