Vantage Apex is Industry’s First 1080p HD Video and 4D/HD Radar Sensor with Integrated AI Algorithms
SANTA ANA, Calif.--(BUSINESS WIRE)--$ITI #1080p--Iteris, Inc. (NASDAQ: ITI), the global leader in smart mobility infrastructure management, today announced that it has launched Vantage Apex™, the industry’s first 1080p high-definition (HD) video and four-dimensional (4D) radar sensor with integrated artificial intelligence (AI) algorithms.
Built on the leading AI machine learning platform, Vantage Apex identifies objects using Iteris’ powerful AI video analytics, extensive image library, high-performance GPU/CPU-based computing, machine learning and neural network algorithms. This enables the high-precision and detailed classification of many different vehicle types and vulnerable road users, such as pedestrians and cyclists.
Full HD video streaming using 1080p cameras results in ultra-crisp vision with unmatched depth and clarity of traffic at intersections, which can be viewed at traffic management centers (TMCs) or remotely on mobile devices via the Iteris Video Viewer™ app.
Using forward-fire radar technology to virtually eliminate occlusion, the Vantage Apex hybrid sensor uses industry-leading 4D/HD radar technology with a field of view exceeding 600 feet. The Vantage Apex system enables decision-zone safety functions, collision avoidance and advanced lane-by-lane detection that delivers precise traffic detection and data.
Vantage Apex is connected vehicle ready, with the ability to provide critical infrastructure data through vehicle-to-everything (V2X) communications to connected and automated vehicles (CAVs), including through Iteris’ BlueTOAD® Spectra CV.
Vantage Apex is fully compatible with VantageCare™ – Iteris’ cloud-enabled detection health monitoring managed service – as well as Iteris’ ClearGuide SPM™ and VantageLive!®, and other third-party web and mobile-based traffic measurement applications.
The Vantage Apex AI-powered smart sensor 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.
“We are thrilled to announce the launch of Vantage Apex, the industry’s first 1080p HD video and 4D radar sensor with integrated AI algorithms,” said Todd Kreter, senior vice president and general manager, Advanced Sensor Technologies at Iteris. “With the addition of Vantage Apex 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 HD video display for TMC monitoring to achieve their goals of improving safety, mobility and sustainability throughout complex transportation networks.”
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.
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 Apex and ClearMobility platform and its solutions. 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).
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MKR Investor Relations, Inc.
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DENVER--(BUSINESS WIRE)--Invenergy, a leading privately held global developer and operator of sustainable energy solutions, and Guzman Energy, a Colorado-based wholesale power provider, today announced a 127-megawatt power purchase agreement (PPA) for the Boutique Solar project currently in development in Montezuma County, Colorado. The project will deliver affordable and clean energy aimed at serving power needs for Guzman Energy’s customers.
Developed by Invenergy, the 127-megawatt Boutique Solar project will generate enough electricity to power 25,000 homes. The project, expected to be operational at the end of 2025, will support nearly 300 jobs during the construction period and will create up to 3 full-time operations jobs. Over the life of the project, Boutique Solar is expected to generate more than $250,000 per year in local property taxes, in addition to generating sales taxes during construction.
“Invenergy is proud to partner with Guzman Energy to bring clean, reliable power to the communities it serves,” said Greg Leuchtmann, Senior Vice President, Origination at Invenergy. “This agreement reflects the increasingly compelling value of renewable energy for a variety of customers to meet energy needs and build healthy, sustainable communities.”
“Wholesale power customers are looking to Guzman Energy to supply them with affordable, reliable and clean energy solutions,” said Guzman Energy CEO Chris Riley. “Partnering with Invenergy on the Boutique Solar project demonstrates our commitment to customers and the industry to be a leader in energy transition.”
As a leading partner to utilities, wholesale providers and commercial and industrial customers, Invenergy finds unique structures that deliver renewable energy to support customers in reaching their sustainability goals.
About Invenergy
We are innovators building a sustainable world. Invenergy and its affiliated companies develop, own, and operate large-scale sustainable energy generation and storage facilities in the Americas, Europe and Asia. Invenergy's home office is located in Chicago, and it has regional development offices in the United States, Canada, Mexico, Colombia, Japan, Poland and Scotland. Invenergy has successfully developed more than 29,000 megawatts of projects that are in operation, construction or contracted, including wind, solar, and natural gas power generation facilities as well as advanced energy storage projects. For more information, please visit www.invenergy.com.
About Guzman Energy
Guzman Energy is a wholesale power provider dedicated to communities in search of affordable and reliable energy. We partner with cooperatives, municipalities, companies and tribes across North America to customize energy portfolios that make economic and environmental sense for today and tomorrow. Together, we are lighting the way forward. To learn more, visit www.GuzmanEnergy.com.
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AUSTIN, Texas--(BUSINESS WIRE)--Hyliion Holdings Corp. (NYSE: HYLN) (“Hyliion”), a leader in electrified powertrain solutions for Class 8 commercial semi-trucks, will be unveiling an improved model of its Hybrid system at the American Clean Transportation Expo in Long Beach, California.
Designated the Hyliion Hybrid eX, this updated version of Hyliion’s sustainability-focused hybrid powertrain offers fleets a lighter solution that is easier to install, service, and operate. The Hybrid eX draws upon the real-world feedback Hyliion has received from customers and the millions of miles logged with the previous system.
The Hybrid eX features a number of improvements over the earlier Hybrid configuration, including:
“The launch of the enhanced version of our Hybrid powertrain is a major milestone in our Hybrid commercialization process and reflects the ongoing work we are doing to innovate for the benefit of commercial fleets and the environment,” said Thomas Healy, Founder and CEO of Hyliion. “We expect these improvements to make the Hybrid that much easier for fleets to adopt, while also helping them to achieve their ESG and emissions targets.”
Hyliion will unveil the Hybrid eX for the first time today at the ACT Expo in Long Beach, California and is expected to begin shipping Hybrid eX units in the latter part of 2021. Initial recipients include both returning Hyliion customers, and new customers like Werner Enterprises, whose semi-truck will be featured in Hyliion’s booth at the ACT Expo. After the launch of the Hybrid eX product, the company expects to recognize revenue on these units.
Hyliion’s Hybrid solution is designed for Class 8 diesel and CNG commercial trucks, providing fuel savings, performance and other improvements via an energy regeneration powered electric hybrid system, depending on truck configuration and fuel type. Combined with Hyliion’s proprietary software and battery technology, this comprehensive solution—which also contains an integrated hoteling auxiliary power unit (APU) to reduce idling—aims to assist fleets to achieve maximum operational performance, driving progress towards their sustainability goals.
About Hyliion
Hyliion’s mission is to reduce the carbon intensity and greenhouse gas (GHG) emissions of Class 8 commercial trucks by being a leading provider of electrified powertrain solutions. Leveraging advanced software algorithms and data analytics capabilities, Hyliion offers fleets an easy, efficient system to decrease fuel and operating expenses while seamlessly integrating with their existing fleet operations. Headquartered in Austin, Texas, Hyliion designs, develops, and sells electrified powertrain solutions that are designed to be installed on most major Class 8 commercial trucks, with the goal of transforming the commercial transportation industry’s environmental impact at scale. For more information, visit www.hyliion.com.
Forward Looking Statements
The information in this press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, regarding Hyliion and its future financial and operational performance, as well as its strategy, future operations, estimated financial position, estimated revenues, and losses, projected costs, prospects, plans and objectives of management are forward looking statements. When used in this press release, including any oral statements made in connection therewith, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, Hyliion expressly disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements herein, to reflect events or circumstances after the date of this press release. Hyliion cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Hyliion. These risks include, but are not limited to, Hyliion’s ability to disrupt the powertrain market, Hyliion’s focus in 2021 and beyond, the effects of Hyliion’s dynamic and proprietary solutions on its commercial truck customers, accelerated commercialization of the Hypertruck ERX, the ability to meet 2021 and future product milestones, the impact of COVID-19 on long-term objectives, the ability to reduce carbon intensity and greenhouse gas emissions and the other risks and uncertainties set forth in “Risk Factors” section of Hyliion’s annual report on Form 10-K/A filed with the Securities and Exchange Commission (the “SEC”) on May 17, 2021 for the year ended December 31, 2020. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Should one or more of the risks or uncertainties described in this press release occur, or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. Additional information concerning these and other factors that may impact Hyliion’s operations and projections can be found in its filings with the SEC. Hyliion’s SEC Filings are available publicly on the SEC’s website at www.sec.gov, and readers are urged to carefully review and consider the various disclosures made in such filings.
Hyliion Holdings Corp.
Press
Ryann Malone
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Louis Baltimore
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Introduced on 10th anniversary, Platform 2.0 leverages AI and machine learning to manage the most difficult routing and scheduling issues
ATLANTA--(BUSINESS WIRE)--nuVizz, a leading network-based last mile delivery & transportation management and customer experience SaaS platform, introduces Platform 2.0, which helps organizations tackle the most challenging transportation routing and scheduling issues. Leveraging AI and machine learning, Platform 2.0 builds on the nuVizz real-time transportation visibility technology to create an intelligent delivery ecosystem that helps clients deliver next level customer service. The company also celebrates its 10-year anniversary with a newly branded website.
“The demands of the transportation and delivery ecosystem are growing daily, and we are thrilled to introduce nuVizz Platform 2.0 to bring much needed new capabilities to market,” said Guru Rao, CEO of nuVizz. “With a decade of experience, nuVizz has a depth of business and technology expertise that enables us to meet the broad-ranging needs of our hundreds of customers worldwide. Platform 2.0 leverages AI and machine learning to create an active learning and self-correcting ecosystem that delivers predictive estimated time of arrival (ETA), dynamic routing and scheduling, and advanced data-driven workflow. These build on the platform’s foundation, which increases operating efficiencies through business process automation.”
nuVizz Platform 2.0 capabilities include:
According to Gartner, “advances in AI and ML provide new opportunities and improvements for transportation management systems (TMSs), vehicle routing and scheduling (VRS) solutions, real-time transportation visibility platforms (RTTVP), as well as other transportation technologies.”*
Shippers, 3PLs and Transportation companies benefit from a wide-range of nuVizz Platform features:
“Ten years ago, nuVizz set out to create a technology platform that helped move goods, services, and people more efficiently, and it has been gratifying to see that vision come to fruition,” added Guru. “This has only been possible because of the dedication of our associates and trust our customers and partners placed in us over the years. We pride ourselves in being innovative and nimble, and look forward to what the next 10 years will bring.”
View the new nuVizz brand and website. For more information about Platform 2.0, reach out to us at nuvizz.com/contact-us/
*Gartner, The 2020 Top Strategic Transportation Technology Trends, June 2020
About nuVizz
nuVizz lights the way to better delivery and transportation logistics. From the first mile to the last mile—and everything in between—we’re trailblazers in supply chain optimization and digitization. Infinitely flexible, the nuVizz SaaS platform drives visibility, control, cost savings, and a better customer experience across the fulfillment lifecycle. Our single-minded mission: simple, sustainable transportation solutions for every business on the planet. Go further, grow faster. For more information, visit nuvizz.com
Media Contact
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DALLAS--(BUSINESS WIRE)--Leeward Renewable Energy Operations, LLC (“Leeward”), today announced that it has posted to its secure investor relations site key operating and financial results for the second quarter 2021, and that it will hold an investor conference call on September 7, 2021 at 10:00 am CDT. Investors who hold Leeward’s 4.250% Senior Notes due in 2029 (the “Notes”), prospective investors, broker-dealers, and securities analysts who have previously registered for access can access these reports on Leeward’s secure site here. Leeward will post dial-in instructions on the site prior to the call.
A recording and transcript of the call will be posted to the secure site within 24 hours of the call.
For information on how to access the site, visit https://www.leewardenergy.com/request-access/ or contact Investor Relations at This email address is being protected from spambots. You need JavaScript enabled to view it..
About Leeward Renewable Energy Operations, LLC
Leeward Renewable Energy Operations, LLC is a leading renewable energy company that owns and operates a portfolio of 21 renewable energy facilities across nine states totaling approximately 2,000 megawatts of generating capacity. Leeward’s affiliate, Leeward Renewable Energy Development, LLC, is actively developing new wind, solar, and energy storage projects in energy markets across the U.S., with 17 gigawatts under development spanning over 100 projects. Leeward is a portfolio company of OMERS Infrastructure, an investment arm of OMERS, one of Canada’s largest defined benefit pension plans with C$105 billion in net assets (as at December 31, 2020). For more information, visit www.leewardenergy.com.
Kelly Kimberly
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713.822.7538
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GREEN BAY, Wis.--(BUSINESS WIRE)--Schneider (NYSE: SNDR), a premier provider of transportation, intermodal and logistics services, announced today a major battery-electric truck (BEV) deployment as part of the carrier’s plan to reduce greenhouse emissions.
Beginning in 2022, Schneider will add 50 Freightliner eCascadias — the truck manufacturer’s first commercial Class 8 battery-electric truck— to its Southern California intermodal operations, making the organization one of the largest battery-electric truck fleets in North America. Schneider has plans for more BEVs and route options.
Funding for the 50 BEVs was announced today as part of the Joint Electric Truck Scaling Initiative (JETSI), which is sponsored by the South Coast Air Quality Management District (South Coast AQMD), California Air Resources Board (CARB) and the California Energy Commission (CEC). The initiative is working to significantly increase the number of zero-emission heavy-duty trucks available for goods movement while achieving necessary emission reductions.
“Schneider’s sustainability initiatives got a big boost when we were selected to participate in the state of California’s Joint Electric Truck Scaling Initiative,” said Schneider President and CEO Mark Rourke. “The scaling of zero-emission vehicles is a key component of our goal to reduce carbon emissions by 7.5% per mile by 2025 and by 60% per mile by 2035.”
Since BEVs run on all battery power, CO2 emission production is zero no matter the distance, making a significant cut to the carrier’s carbon footprint. “We recognize the impact we can make through more significant innovation in fleet efficiency,” said Schneider Executive Vice President and Chief Administrative Officer Rob Reich. “Our primary sustainability focus is to minimize the environmental impact directly from our fleet.”
Schneider is already familiar with electric vehicle technology, having piloted an eCascadia for six months through Freightliner’s Customer Experience fleet. “Our drivers who tested the eCascadia really enjoyed it,” said Reich. “It’s a great driving experience.”
“It’s the close collaboration and co-creation with our customers like Schneider that allows us to bring the best products to market,” said Daimler Trucks North America Vice President of On-Highway Market Development Steve Mignardi. “After intensive testing we are now at the point of offering state-of-the-art electric trucks together with smart infrastructure solutions for our customers to electrify their fleets efficiently depending on market and application.”
To learn more about Schneider’s commitment to sustainability goals, visit Schneider.com/sustainability or to read Schneider’s 2020 Corporate Responsibility Report, visit: https://schneider.com/company/corporate-responsibility.
Note to the media: Soundbites, photos and b-roll are available at https://schneider.com/company/news/media-kit. Click on images and b-roll.
About Schneider
Schneider is a premier provider of transportation and logistics services. Offering one of the broadest portfolios in the industry, Schneider’s solutions include Regional and Long-Haul Truckload, Expedited, Dedicated, Bulk, Intermodal, Brokerage, Warehousing, Supply Chain Management, Port Logistics and Logistics Consulting.
With nearly $4.6 billion in annual revenue, Schneider has been safely delivering superior customer experiences and investing in innovation for over 85 years. The company’s digital marketplace, Schneider FreightPower®, is revolutionizing the industry giving shippers access to an expanded, highly flexible capacity network and provides carriers with unmatched access to quality drop-and-hook freight – Always Delivering, Always Ahead.
For more information about Schneider, visit Schneider.com or follow the company socially on Facebook, LinkedIn and Twitter: @WeAreSchneider.
Kara Leiterman, Media Relations Manager
M 920-370-7188
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schneider.com/news
LIVONIA, Mich.--(BUSINESS WIRE)--#brandtrust--Citing concerns over quality and outreach, customer trust in water utilities lags trust in electric and natural gas utilities. Consumers are satisfied with neither the healthfulness and taste of their tap water nor utility outreach, especially communications on conservation and community support. The result is that water utility Customer Trust scores a low 698 (on a 1,000-point scale) compared with other household service providers. These findings are part of the Cogent Syndicated 2021 Water Utility Customer Trust and Satisfaction Benchmark report from Escalent, a top human behavior and analytics advisory firm.
The report also highlights some positives for water utilities. Although still lower compared with other utilities, water utilities’ Customer Trust scoring has increased 13 points from last year (685). Water utility customers are highly satisfied with bill amounts, the billing process, customer service, water clarity and utility dedication to improving quality. And while only 61% of customers recall any communication from their water utility, those customers rate their utility 84 points higher on customer trust, indicating an improvement opportunity for these companies.
“Much of the nation is fighting drought and will soon be developing infrastructure plans so now is a great time for water utilities to pivot from basic satisfaction with service to putting the evolving needs of their customers and communities first,” said Chris Oberle, senior vice president at Escalent. “Without customer trust, water utilities will have difficulty influencing consumers to use tap water or change their water consumption behaviors. Water utilities need to become more interactive to prove they are dedicated to water quality, the environment and the communities they serve.”
Other key findings of the report include:
Escalent would like to congratulate these water utilities for being a 2021 Most Trusted Water Utility Brand for having the highest levels of customer trust nationally among their peers.
Water utility |
Customer Trust score |
Fairfax Water |
766 |
Central Arkansas Water |
762 |
Newport News Waterworks |
761 |
Baton Rouge Water Company |
755 |
Orange County Utilities |
754 |
NYC Department of Environmental Protection |
747 |
Atlanta Watershed Management |
744 |
WSSC Water |
743 |
Seattle Public Utilities |
742 |
Honolulu Board of Water Supply |
741 |
About the Cogent Syndicated Water Utility Customer Trust and Satisfaction Benchmark Report
Escalent conducted surveys among 69,808 residential water utility customers nationwide from Q3 2020 to Q2 2021. The sample design uses a combination of quotas and weighting based on US census data by zip code to ensure a demographically balanced sample based on age, gender, income, race and ethnicity. The Customer Trust score is based upon a consumer company trust rating (0–10 scale) that is converted to a 1,000-point scale to allow benchmark comparisons.
About Escalent
Escalent is a top human behavior and analytics advisory firm specializing in industries facing disruption and business transformation. As catalysts of progress for more than 40 years, we transform data and insight into a profound understanding of what drives human beings. And we help businesses turn those drivers into actions that build brands, enhance customer experiences and inspire product innovation. Visit escalent.co to see how we are helping shape the brands that are reshaping the world.
Sarah Keller, 734.779.6847
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AMES, Iowa--(BUSINESS WIRE)--$REGI #REG--Renewable Energy Group, Inc. (REGI) is issuing the following statement regarding its renewable diesel plant located in Geismar, Louisiana from President and CEO, Cynthia ‘CJ’ Warner:
“The safety of our team members, their families and the community is our priority. In advance of Hurricane Ida’s landfall, our local team brought down the plant in a safe and secure manner. Now that the storm has passed, confirming the safety of REG personnel and assessment of equipment are underway.”
About Renewable Energy Group
Renewable Energy Group, Inc. is leading the energy and transportation industries’ transition to sustainability by transforming renewable resources into high-quality, sustainable fuels. Renewable Energy Group is an international producer of sustainable fuels that significantly lower greenhouse gas emissions to immediately reduce carbon impact. Renewable Energy Group utilizes a global integrated procurement, distribution and logistics network to operate 12 biorefineries in the U.S. and Europe. In 2020, Renewable Energy Group produced 519 million gallons of cleaner fuel delivering 4.2 million metric tons of carbon reduction. Renewable Energy Group is meeting the growing global demand for lower-carbon fuels and leading the way to a more sustainable future.
Katie Stanley
Renewable Energy Group
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(515) 239-8184
VERNAL, Utah--(BUSINESS WIRE)--Superior Drilling Products, Inc. (NYSE American: SDPI) (“SDP” or the “Company”), a designer and manufacturer of drilling tool technologies, announced that Troy Meier, Chairman and Chief Executive Officer, and Christopher Cashion, Chief Financial Officer, will present at the Emerging Growth Conference on Wednesday, September 1, 2021.
The Company’s presentation will begin at 1:30 pm Eastern Time. A link to the webcast, along with presentation materials, will be available at www.sdpi.com/Events. An archive of the presentation will be accessible on the Company website following the conference.
About Superior Drilling Products, Inc.
Superior Drilling Products, Inc. is an innovative, cutting-edge drilling tool technology company providing cost saving solutions that drive production efficiencies for the oil and natural gas drilling industry. The Company designs, manufactures, repairs and sells drilling tools. SDP drilling solutions include the patented Drill-N-Ream® wellbore conditioning tool and the patented Strider™ oscillation system technology. In addition, SDP is a manufacturer and refurbisher of PDC (polycrystalline diamond compact) drill bits for a leading oil field service company. SDP operates a state-of-the-art drill tool fabrication facility, where it manufactures its solutions for the drilling industry, as well as customers’ custom products. The Company’s strategy for growth is to leverage its expertise in drill tool technology and innovative, precision machining in order to broaden its product offerings and solutions for the oil and gas industry.
Additional information about the Company can be found at: www.sdpi.com.
For more information, contact investor relations:
Deborah K. Pawlowski
Kei Advisors LLC
(716) 843-3908
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HOUSTON & CALGARY, Alberta--(BUSINESS WIRE)--Civeo Corporation (NYSE:CVEO) announced today that its Board of Directors has authorized the Company to repurchase up to 5% of its total common shares outstanding, or approximately 715,000 common shares, through the facilities of the New York Stock Exchange over the next twelve months. Civeo intends to fund repurchases through cash on hand and cash generated from operations.
“Today’s announcement reflects our confidence in Civeo’s business and the future of this company. We believe this share repurchase program provides an opportunity to acquire shares at an attractive valuation, while continuing to allocate a majority of our free cash flow generation towards debt reduction,” said Bradley J. Dodson, Civeo’s President & Chief Executive Officer.
This share repurchase authorization is made in reliance on the “other published markets” exemption from the formal issuer bid requirements under Canadian securities laws for normal course issuer bids and represents the maximum annual share repurchase authorization permitted under the exemption. Civeo will continue to evaluate further opportunities to return capital to shareholders beyond this current authorization.
Forward Looking Statements
This news release contains forward-looking statements within the meaning of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are those that do not state historical facts and are, therefore, inherently subject to risks and uncertainties. The forward-looking statements herein include the statements regarding Civeo’s future plans and outlook, are based on then current expectations and entail various risks and uncertainties that could cause actual results to differ materially from those expressed or implied by these forward-looking statements. Such risks and uncertainties include, among other things, risks associated with global health concerns and pandemics, including the COVID-19 pandemic and the risk that room occupancy may decline if our customers are limited or restricted in the availability of personnel who may become ill or be subjected to quarantine, risks associated with the general nature of the accommodations industry, risks associated with the level of supply and demand for oil, coal, iron ore and other minerals, including the level of activity, spending and developments in the Canadian oil sands, the level of demand for coal and other natural resources from, and investments and opportunities in, Australia, and fluctuations or sharp declines in the current and future prices of oil, natural gas, coal, iron ore and other minerals, risks associated with failure by our customers to reach positive final investment decisions on, or otherwise not complete, projects with respect to which we have been awarded contracts, which may cause those customers to terminate or postpone contracts, risks associated with currency exchange rates, risks associated with the company’s ability to integrate acquisitions, risks associated with labor shortages, risks associated with the development of new projects, including whether such projects will continue in the future, risks associated with the trading price of the company’s common shares, availability and cost of capital, risks associated with general global economic conditions, global weather conditions, natural disasters and security threats and changes to government and environmental regulations, including climate change, and other factors discussed in the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” sections of Civeo’s annual report on Form 10-K for the year ended December 31, 2020 and other reports the company may file from time to time with the U.S. Securities and Exchange Commission. Each forward-looking statement contained herein speaks only as of the date of this release. Except as required by law, Civeo expressly disclaims any intention or obligation to revise or update any forward-looking statements, whether as a result of new information, future events or otherwise.
Carolyn J. Stone
Civeo Corporation
Senior Vice President & Chief Financial Officer
713-510-2400
--(BUSINESS WIRE)--#Hashtags--Schneider Electric will unveil the Square D™ X and XD Series connected wiring devices to the public for the first time during the 2021 CEDIA Expo. This full line of connected light switches, dimmers and outlets will automate the home’s lighting, allow discrete control of power and provide energy usage at the plug level to optimize home energy use.
The X Series is feature-rich, including easy installation, refreshed modern design and smart home compatibility. The XD Series takes this further providing a more premium option with additional design features, a range of colors and a more sophisticated cover plate option that can easily be changed.
As the most sustainable corporation in the world, Schneider Electric recognizes the challenge facing today’s homeowners in balancing the increasing need for residential energy and a desire for modern convenience and modern aesthetics. These sleek devices raise the bar for both with a refreshed design and convenient control from a smartphone or through a smart speaker, like the Amazon Alexa or Google Home, for voice activation.
Interview Opportunity: CEDIA Expo
Who: |
Brad Wills, Director: Strategic Customers & Programs, Schneider Electric |
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What: |
Details the new Square D™ X and XD Series connected wiring device lines and how they fit within the company’s overall grid-to-plug strategy increasing home electricity resilience and sustainability. |
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Where: |
Due to COVID 19 health concerns and company protocols, Schneider Electric will be conducting virtual media interviews. |
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When: |
September 1-3, 2021 |
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Contact: |
Thomas Eck, Media Relations Manager, Schneider Electric – This email address is being protected from spambots. You need JavaScript enabled to view it. |
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Contact today to schedule your virtual interview. |
Additional Information
For additional information on Schneider Electric solutions for the smart, connected home, please visit: https://www.se.com/us/en/home/offers/connected-home/.
Follow Schneider Electric on Social Media
YouTube |
Thomas Eck, Media Relations Manager, Schneider Electric – This email address is being protected from spambots. You need JavaScript enabled to view it.
HAMDEN, Conn.--(BUSINESS WIRE)--TransAct Technologies Incorporated (Nasdaq: TACT), a global leader in software-driven technology and printing solutions for high-growth markets, announced today that Bart Shuldman, Chairman & CEO, and Steve DeMartino, President & CFO, are scheduled to participate at the upcoming Jefferies Virtual Software Conference hosting one-on-one meetings on Tuesday Sept. 14 and Wednesday Sept. 15th and a virtual presentation on Wednesday, September 15, 2021 at 4:00 PM ET. The virtual presentation will be accessible live via webcast as well as from Events and Presentations section of TransAct’s website: transacttech.gcs-web.com/.
About TransAct Technologies Incorporated
TransAct Technologies Incorporated is a global leader in developing software-driven technology and printing solutions for high-growth markets including food service, casino and gaming, POS automation, and oil and gas. The Company’s solutions are designed from the ground up based on customer requirements and are sold under the BOHA!™, AccuDate™, EPICENTRAL®, Epic®, Ithaca® and Printrex® brands. TransAct has sold over 3.3 million printers and terminals around the world and is committed to providing world-class service, spare parts and accessories to support its installed product base. Through the TransAct Services Group, the Company also provides customers with a complete range of supplies and consumable items both online at http://www.transactsupplies.com and through its direct sales team. TransAct is headquartered in Hamden, CT. For more information, please visit http://www.transact-tech.com or call (203) 859-6800.
BOHA! is a trademark of TRANSACT Technologies Incorporated. ©2021 TRANSACT Technologies Incorporated. All rights reserved.
Investor:
Ryan Gardella
ICR, Inc.
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Appointment to Take Effect January 2022
Brings Over 30 Years of Experience Transforming Industrial Businesses
NEW YORK--(BUSINESS WIRE)--Standard Industries Holdings (“Standard”), a privately-held global industrial company, today announced, in anticipation of the closing of its acquisition of W. R. Grace (“Grace”), that Bhavesh V. (Bob) Patel will join the company as CEO of Grace, effective January 2022.
“We’re thrilled to welcome Bob to the Standard family as CEO of W. R. Grace,” said David Winter and David Millstone, Co-CEOs of Standard Industries. “Bob has for decades been a visionary leader in the industry, with a record of transforming businesses to achieve robust, sustainable growth. He has proven himself to be the right person to lead Grace’s exceptional team and help architect Standard’s investment in the advanced materials space. He will be instrumental in taking Grace into its next chapter as we ensure a seamless transition post-close and embark on an ambitious growth strategy.”
Patel will join Standard from LyondellBasell, where he has served as Chief Executive Officer since 2015 and led a period of extraordinary growth for the company. From 2010 to 2014, Patel led significant restructuring efforts in both the U.S. and Europe to optimize the company’s cost structure and geographic footprint. Throughout his time at LyondellBasell, he significantly increased earnings power through a number of strategic investments—including acquiring A. Schulman and building world-scale manufacturing facilities—and greatly expanded the company’s sustainability initiatives. During his tenure, LyondellBasell was named to Fortune Magazine’s “World’s Most Admired Companies” list for four years in a row. Prior to joining LyondellBasell in 2010, Patel spent 20 years at Chevron Phillips Chemical Co., where he held positions in manufacturing and led several businesses in the U.S. and Asia.
“It’s a privilege to join Standard Industries and to be asked to lead W. R. Grace through its next chapter,” Patel said. “Grace is an iconic company and a fundamentally strong business driven by its exceptionally talented employees. I look forward to working with the leadership team at Grace to take the company to new heights.”
Patel will succeed Hudson La Force, who has served as CEO of Grace since 2018. Under La Force’s leadership, Grace has made significant investments to deliver higher growth in its catalysts and materials businesses. La Force will continue as CEO until the end of the year and will join Standard’s advisory board in January 2022.
“Hudson is an exemplary leader who has been instrumental in building Grace into the leading global chemicals business it is today. We appreciate his continued service as CEO through the end of the year and are excited to welcome him to Standard’s advisory board,” said Winter and Millstone.
About Standard Industries:
Standard Industries is a privately-held global industrial company operating in over 80 countries with over 15,000 employees. The Standard ecosystem spans a broad array of holdings, technologies and investments—including both public and private companies from early to late-stage—as well as world-class building materials assets and next-generation solar solutions. Throughout its 140-year history, Standard has leveraged its deep industry expertise and vision to create outsize value across its businesses, which today include operating companies GAF, BMI, Siplast, GAF Energy, Schiedel and SGI, as well as related businesses 40 North, a multi-billion-dollar investment platform, 40 North Ventures and Winter Properties.
Media Contacts:
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Edelman
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Edelman
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Standard Industries
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PLANO, Texas--(BUSINESS WIRE)--Denbury Inc. (NYSE: DEN) (“Denbury” or the “Company”) today announced that Chris Kendall, President and Chief Executive Officer, will present at the Barclays 2021 CEO Energy-Power Conference on Thursday, September 9, 2021, at 10:20 a.m. Eastern Time (9:20 a.m. Central Time). Mr. Kendall and other members of management will also participate in virtual meetings with investors. Supplemental corporate materials for the conference will be posted to the Company’s website the morning of Wednesday, September 8, 2021, and a link to the live webcast of the presentation will be available in the Investor Relations section of the Company’s website at www.denbury.com.
Denbury is an independent energy company with operations and assets focused on Carbon Capture, Use and Storage (CCUS) and Enhanced Oil Recovery (EOR) in the Gulf Coast and Rocky Mountain regions. For over two decades, the Company has maintained a unique strategic focus on utilizing CO2 in its EOR operations and since 2012 has also been active in CCUS through the injection of captured industrial-sourced CO2. The Company currently injects over three million tons of captured industrial-sourced CO2 annually, and its objective is to fully offset its Scope 1, 2, and 3 CO2 emissions within this decade, primarily through increasing the amount of captured industrial-sourced CO2 used in its operations. For more information about Denbury, visit www.denbury.com.
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DENBURY CONTACTS:
Brad Whitmarsh, Executive Director, Investor Relations, 972.673.2020, This email address is being protected from spambots. You need JavaScript enabled to view it.
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AUSTIN, Texas--(BUSINESS WIRE)--HUVR, Inc. (HUVR), a leader in digitizing inspection workflows, announced the addition of a new HUVR InspectFlow+ Inspection Module that enables ultrasonic testing (UT) workflows on the HUVR platform. Leveraging their experience providing customizable inspection, collection, storage and reporting capabilities, HUVR worked closely with industry leaders to develop their new standards-based UT module. It extends their existing non-destructive testing workflows for radiographic and eddy current testing, adding native support for UT measurements from field to office. Customers can now extend their visual inspection data collection to include UT thickness readings, as well as pitting depth, corrosion and more for every condition monitoring location (CML) in their piping, tanks and other assets.
Bob Baughman, CEO of HUVR, said, “We set out to develop this new module with key leaders in the industry to ensure we delivered the maximum value to our customers. Our primary focus was to enable at least 40% savings to our clients across the whole UT workflow to the final report process. We have a full roadmap in place to expand our UT capabilities to include advanced support for more readers and to provide trending and remaining-life calculations.” This capability now further extends the ability for NDT inspections to be natively stored alongside all other asset inspection data in one place allowing for complete asset status, reporting and maintenance.
Since HUVR is vendor agnostic, any popular handheld UT device will seamlessly integrate into the UT inspection workflow. Users can import the data from devices directly into HUVR and map them on to existing asset CMLs—or create new CMLs as needed—either in the field or back in the office after the inspection. The data collected is available as needed via HUVR’s customizable reports.
About HUVR, Inc.
HUVR provides software solutions to accelerate digital transformation in the alternative energy, oil and gas, maritime, and other energy and industrial sectors. Our technology and best practices enable our clients to transform Enterprise Asset Management into Smart Asset Governance. Our solutions empower our clients to break down data silos and integrate imagery, inspection data, and legacy enterprise asset management databases. Through powerful analytics, HUVR provides visibility and actionable insights across all asset operations. For more information, please visit www.huvrdata.com.
Jenn Starr
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Company collaborating with Columbia Electrochemical Energy Center to advance lithium iron phosphate battery technology
TEL AVIV, Israel--(BUSINESS WIRE)--ICL (NYSE: ICL) (TASE: ICL), a leading global specialty minerals company, today announced it is now able to offer a complete range of mono ammonium phosphate (MAP) solutions from its YPH joint venture plant in China. As YPH controls the entire phosphate value chain, from the mine to the product, it is able to provide both flexibility and cost effectiveness, while also meeting unique customer specifications. ICL is committed to creating additional capacity to meet rapidly increasing customer demand for specialty MAP products, including for the production of lithium iron phosphate (LFP) batteries destined for electric vehicles and other energy storage.
Over the past several years, Chinese producers have been leading in the LFP battery space, which currently accounts for approximately 23% of the global Li-ion battery market and is expected to grow at a 25% CAGR through 2030, per Cairn ERA. LFP-based batteries have benefitted from recent design enhancements, which have improved the energy density of the overall battery, resulting in greater range and created potential additional end-markets for these batteries.
“It’s no surprise LFP is one of the fastest growing sectors of the battery industry, as this technology offers superior safety at a lower cost and with a longer life. LFP also reduces exposure to conflict metals, which aligns with our mission to transform from a company that extracts minerals to a company that uses its minerals to create sustainable solutions for humanity,” said Anantha Desikan, EVP and chief innovation and technology officer of ICL.
ICL considers strong demand for EV and energy storage as a significant source of potential growth for its phosphate- and bromine-based specialty products, in both the short- and long-term. The company is currently exploring partnerships with customers who are focused on expanding the use of LFP, and other specialty technology, in Europe and the United States. By 2030, Cairn ERA forecasts global demand for LFP batteries will reach more than 1 million tons, for a market value of up to $5 billion, due to a shift toward the lower cost cathode materials used in more affordable EV automobile models. ICL expects to leverage both its knowledge of LFP and its global phosphate footprint to capitalize on this emerging trend and is also collaborating with the Columbia Electrochemical Energy Center (CEEC) of Columbia University, to improve battery safety and energy density and is exploring multiscale modeling across lithium iron phosphate, lithium metal and zinc-bromine batteries.
“We’re pleased to build on our previous research collaborations with ICL Group,” said Dan Steingart, co-director of CEEC and the Stanley-Thompson Associate Professor of Chemical Metallurgy at Columbia University. “This new project significantly expands our relationship and allows us to jointly explore strategies to address energy storage and conversion via next generation batteries, by leveraging ICL’s core strengths, including LFP technology.”
About ICL
ICL Group is a leading global specialty minerals company, which also benefits from commodity upside. The company creates impactful solutions for humanity's sustainability challenges in global food, agriculture, and industrial markets. ICL leverages its unique bromine, potash and phosphate resources, its passionate team of talented employees, and its strong focus on R&D and technological innovation to drive growth across its end markets. ICL shares are dually listed on the New York Stock Exchange and the Tel Aviv Stock Exchange (NYSE and TASE: ICL). The company employs more than 12,000 people worldwide, and its 2020 revenues totaled approximately $5.0 billion.
For more information, visit ICL's website at www.icl-group.com.
To access ICL's interactive Corporate Social Responsibility report, please click here.
You can also learn more about ICL on Facebook, LinkedIn and Instagram.
About CEEC
The Columbia Electrochemical Energy Center (CEEC) is using a multiscale approach to discover groundbreaking technology and accelerate commercialization. CEEC joins together faculty and researchers from across Columbia University’s School of Engineering and Applied Sciences who study electrochemical energy with interests ranging from electrons to devices to systems. CEEC’s industry partnerships enable the realization of breakthroughs in electrochemical energy storage and conversion.
Forward-Looking Statements
This announcement contains statements that constitute forward‑looking statements, many of which can be identified by the use of forward‑looking words such as anticipate, believe, could, expect, should, plan, intend, estimate, strive, forecast, target, and potential, among others. Forward‑looking statements are based on our management’s beliefs and assumptions and on information currently available to our management. Such statements are subject to risks and uncertainties, and the actual results may differ materially from those expressed or implied in the forward‑looking statements due to various factors including other risk factors discussed under Item 3 - Key Information - D. Risk Factors in the company's annual report on Form 20-F for the year ended December 31, 2020, filed with the U.S. Securities and Exchange Commission (SEC) on March 2, 2021 (the Annual Report).
Investor Relations Contacts
Peggy Reilly Tharp
VP, Global Investor Relations
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Director, Investor Relations
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Press Contact
Adi Bajayo
Scherf Communications
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BELOIT, Wis.--(BUSINESS WIRE)--#missioncriticalperformance--Fairbanks Morse Defense (FMD) announces that Fairbanks Morse Service (FMS), the aftermarket support division for FMD that includes providing parts and service, has been awarded a five-year indefinite-delivery/indefinite-quantity (IDIQ) contract by Military Sealift Command (MSC). FMS has also been awarded multiple contracts by the U.S. Navy, including a five-year basic ordering agreement and a four-year IDIQ global repair services contract for submarine emergency diesel generators (EDG).
“The reputation Fairbanks Morse Defense has established over 80 years as a trusted defense service provider is affirmed by these opportunities with the U.S. Navy and Military Sealift Command,” FMD CEO George Whittier said. “We are proud to support these military organizations as they continue the indelible task of defending our country.”
The MSC IDIQ contract is valued at a maximum of $170 million and encompasses parts, service, technical support, planned maintenance, engineering, technical publications, and configuration management support across the T-AKR, T-AO 187, T-AKE, ESB/ESD, and the new T-AO 205 class ships.
Through an IDIQ contract, pricing for support services is streamlined under a single agreement, eliminating the numerous burdens associated with working through an intermediary.
The U.S. Navy contracts, which were awarded by the Naval Surface Warfare Center, Philadelphia Division, are valued at a combined maximum of $60 million. They include a five-year basic ordering agreement for U.S. Navy submarine EDGs, a global repair services firm-fixed-price contract, and a four-year IDIQ time-and-material contract for U.S. Navy EDG global repair services. These contracts are for rapid deployment of personnel to support emergent assessments, planning, and restoration of EDGs and providing a vehicle for the planned submarine renewals as the Navy extends the service life of these mission-critical assets. The contracts support SSBN/SSGN 726, SSN 688, and SSN 21 Class submarines with Fairbanks Morse EDGs.
FMD provides factory-certified OEM technicians who undergo rigorous qualifications to meet the company’s high standards for delivering world-class support.
About Fairbanks Morse Defense
Fairbanks Morse Defense (FMD) is a leading provider of mission-critical equipment to military and commercial marine customers. The company comprises three divisions: Fairbanks Morse Engine (FME), Fairbanks Morse Service (FMS), and Ward Leonard. For more than 125 years, FMD has been a principal supplier of reliable power systems, parts, and aftermarket service to the U.S. Navy, Military Sealift Command, U.S. Coast Guard, and the Canadian Coast Guard. Through FME, the company continues supporting the defense industry’s mission-critical operations with high-performance engines manufactured in the USA. OEM parts, expert services, and innovative solutions that improve performance and extend component lifecycles are provided to marine, nuclear, commercial, and export customers through FMS and Ward Leonard. FMD, a portfolio company of Arcline Investment Management, is based in Beloit, Wisconsin.
Learn more about FMD by visiting www.fairbanksmorsedefense.com.
About Fairbanks Morse Service
Fairbanks Morse Service (FMS) provides all aftermarket parts, services, and solutions for customers of Fairbanks Morse Defense, a portfolio company of Arcline Investment and a leading provider of power solutions. With one of the largest fleets of Factory-Certified, OEM technicians available to power-industry customers, FMS is composed of a growing network of service centers and channel partners strategically located worldwide. FMS’s responsive, customer-focused team is supported by a broad range of inventory, service, and repair options that improve equipment performance and extend operational lifecycles. FMS is a division of Fairbanks Morse Defense. The FMS division includes BRECO International Inc., a provider of remanufactured parts and specialty marine repair services.
Learn more about FMS by visiting www.fairbanksmorse.com.
Mercom Communications
Michelle Hargis
1.512.215.4452
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Creation of Abitibi Hub in Québec for Lithium Projects
BELMONT, N.C.--(BUSINESS WIRE)--Piedmont Lithium Inc. (Nasdaq: PLL, ASX: PLL) is pleased to announce that Sayona Québec has completed its acquisition of North American Lithium Inc. (“NAL”) pursuant to the Share Purchase Agreement previously announced on June 30, 2021. Sayona Quebec is 25% owned by Piedmont Lithium and 75% owned by Sayona Mining. Piedmont Lithium is Sayona Mining’s largest shareholder at 18.8%.
Piedmont and Sayona are now advancing technical studies for the future restart of NAL’s spodumene concentrate operations, with a Scoping Study expected in H2 2021. Additionally, studies have commenced for the manufacturing of lithium chemicals in the Province of Québec, which could position the province to become an important lithium hydroxide production center given its abundant mineral resources, low-cost, sustainable hydro-electric power, proximity to major U.S. and European electric vehicle markets, and pro-electrification stance of provincial leaders.
Keith D. Phillips, President and Chief Executive Officer, commented: “We are very pleased to have partnered with Sayona in the consolidation of the spodumene resources in the Abitibi region of Québec, with Sayona Québec now comprising a large Canadian lithium resource base. Importantly, North American Lithium is a past-producing business with $400mm of investment over the past decade. NAL’s concentrate operations are amenable to a relatively rapid restart and we will work with Sayona to develop suitable plans in that regard. We are also evaluating a variety of options for production of lithium hydroxide in Québec and will update the market further as our plans crystallize. Piedmont intends to become North America’s leading lithium hydroxide producer and our Québec investments are an ideal complement to our flagship Carolina Lithium Project in Gaston County, North Carolina.”
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Keith Phillips
President & CEO
T: +1 973 809 0505
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Brian Risinger
VP - Investor Relations and Corporate Communications
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CHARLOTTE, N.C.--(BUSINESS WIRE)--The latest S700 streetcars from Siemens Mobility entered revenue service for the Charlotte Area Transit system on August 21, 2021. Designed with advanced hybrid technology that features an innovative battery storage system, these new streetcars will run wirelessly through the heart of uptown, maintaining a catenary-free zone in the city’s central business district, while offering all the same sustainability benefits as when operating with overhead wires.
“We’re thrilled to bring state-of-the-art modern streetcar vehicles to Charlotte,” said CATS CEO John Lewis. “The overall design, amenities and technology will provide a first-class experience for our riders and community members.”
“Charlotte is a leader in urban transportation planning. From connecting people to opportunities throughout different neighborhoods of the metropolitan area to preserving its historic center by implementing innovative technology, the city is a model for others around the United States,” said Michael Cahill, President of Siemens Mobility Rolling Stock, North America. “Siemens Mobility is thrilled to see the new streetcars for Charlotte enter revenue service as they provide riders with the industry’s most modern streetcar.”
The streetcars for Charlotte will run on the second phase of the CityLYNX Gold Line, replacing the legacy green and yellow trolleys currently in operation. The new phase will add 2.5 miles to the Gold Line, expanding it to 4 miles in length and adding 11 new stops. The six new S700 streetcars join Charlotte’s current light rail fleet of 42 S70 light rail vehicles, bringing the total number of Siemens Mobility vehicles to 48 for CATS. The six S700 vehicles ordered by Charlotte in 2016 have all have been delivered.
Each streetcar features a hybrid wireless technology allowing the vehicle to run both on and off-wire via an Onboard Energy Storage System (OESS). The OESS includes an expandable and modular design that can be updated as our battery technology evolves. Good for the environment, this energy-saving battery technology recharges when connected to catenary. When running on-wire, the streetcars are electrically powered from an overhead catenary system. The battery-storage technology being implemented on the CATS streetcar was first demonstrated in San Diego, achieving a Guinness Book of World Record for the longest distance traveled by a battery-powered tram from one charge in 24 hours. The vehicles will operate at speeds up to 25 mph and are capable of carrying nearly 195 passengers.
The new streetcars also include features that enhance the overall riding experience such as large passenger windows for increased visibility, improved passenger safety through an interior surveillance system, and an unobstructed floor concept that allows more space for bicycle storage and wheelchairs. The operational performance enhancements of the new streetcars include traffic light preemption, a pedestrian-friendly front mask and an automatic passenger counter with enhanced 3D infrared sensor technology.
The streetcars were ordered in late 2016 when the Charlotte City Council chose Siemens Mobility to build six new S700 Streetcars for the Charlotte Area Transit System (CATS), the public transit system operated across Mecklenburg County and four other surrounding counties.
“On behalf of the 4,000 Siemens Mobility employees in the U.S., we are proud to be a close partner with Charlotte Area Transit System as we’ve worked together to design, develop and manufacture these new streetcars,” said Cahill.
CATS joins the more than 35 agencies across the country benefiting from Siemens Mobility’s portfolio of rail vehicles, locomotives, components and automation systems. American cities also rely on Siemens to provide traction-power substations and electricity transmission, as well as signaling and control technology for freight and passenger rail and transit systems.
The S700 Streetcars for Charlotte are Buy America compliant and built at the Siemens Mobility rail manufacturing hub in Sacramento, California. Powered by the California sun with two megawatts of solar energy and 2,100 employees, the facility has been in operation for 30 years.
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For further information about Siemens Mobility, please see: www.siemens.com/mobility
Siemens Mobility is a separately managed company of Siemens AG. As a leader in transport solutions for more than 160 years, Siemens Mobility is constantly innovating its portfolio in its core areas of rolling stock, rail automation and electrification, turnkey systems, intelligent traffic systems as well as related services. With digitalization, Siemens Mobility is enabling mobility operators worldwide to make infrastructure intelligent, increase value sustainably over the entire lifecycle, enhance passenger experience and guarantee availability. In fiscal year 2020, which ended on September 30, 2020, Siemens Mobility posted revenue of €9.1 billion and had around 38,500 employees worldwide. Further information is available at: www.siemens.com/mobility.
Contact for journalists
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DUBLIN--(BUSINESS WIRE)--The "Global Managed Pressure Drilling Services Market" report has been added to ResearchAndMarkets.com's offering.
Managed pressure drilling services is a type of drilling process which uses enclosed and pressurized circulation system to provide precise wellbore control. Managed pressure drilling provides a closed loop circulation system in which pore pressure, bottom hole pressure, and formation fracture pressure in wellbore are balanced and managed.
Market Drivers
Increase in government initiatives for exploration and production of natural gas for conventional as well as unconventional sources like shale and tight gas is considered as key driving factor which is expected to boost the global managed pressure drilling services market.
Furthermore, increase in success rate of managed pressure drilling services over other conventional techniques will positively contribute to the market growth during this forecast period. Moreover, managed pressure drilling is a type of highly precise technology which is used to control wellbore pressure and enhance stability as well which ensures flawless production of oil and gas at an economical cost.
Market Restraints
However, high cost of managed pressure drilling equipment is a challenging factor which is expected to hinder the global managed pressure drilling services market growth. Also, limited planning & executing expertise for managed pressure drilling will affect the market growth during this analysis period.
Market Segmentation
Global Managed Pressure Drilling Services Market is segmented into technology such as Constant Bottom Hole Pressure, Mud Cup Drilling, Dual Gradient Drilling, and Return Flow Control Drilling, by tool such as Rotating Control Device, Non-Return Valves, and Choke Manifold Systems. Further, market is segmented into application such as Onshore, and Offshore.
Market Key Players
Various key players are discussed in this report such as Baker Hughes Inc., Halliburton Company, Weatherford International Limited, Schlumberger Limited, National Oilwell Varco, Archer Limited, Aker Solutions, Ensign Energy Services Inc., Strata Energy Services Inc., and Blade Energy Partners
Key Questions Addressed by the Report
Key Topics Covered:
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Managed Pressure Drilling Services Market Outlook
4.1 Overview
4.2 Market Dynamics
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Managed Pressure Drilling Services Market, By Technology
5.1 Y-o-Y Growth Comparison, By Technology
5.2 Global Managed Pressure Drilling Services Market Share Analysis, By Technology
5.3 Global Managed Pressure Drilling Services Market Size and Forecast, By Technology
5.3.1 Constant Bottom Hole Pressure
5.3.2 Mud Cup Drilling
5.3.3 Dual Gradient Drilling
5.3.4 Return Flow Control Drilling
6 Global Managed Pressure Drilling Services Market, By Tool
6.1 Y-o-Y Growth Comparison, By Tool
6.2 Global Managed Pressure Drilling Services Market Share Analysis, By Tool
6.3 Global Managed Pressure Drilling Services Market Size and Forecast, By Tool
6.3.1 Rotating Control Device
6.3.2 Non-Return Valves
6.3.3 Choke Manifold systems
7 Global Managed Pressure Drilling Services Market, Application
7.1 Y-o-Y Growth Comparison, Application
7.2 Global Managed Pressure Drilling Services Market Share Analysis, Application
7.3 Global Managed Pressure Drilling Services Market Size and Forecast, Application
7.3.1 Onshore
7.3.2 Offshore
8 Global Managed Pressure Drilling Services Market, By Region
8.1 Global Managed Pressure Drilling Services Market Share Analysis, By Region
8.2 Global Managed Pressure Drilling Services Market Size and Forecast, By Region
9 North America Managed Pressure Drilling Services Market Analysis and Forecast (2020-2027)
10 Europe Managed Pressure Drilling Services Market Analysis and Forecast (2020-2027)
11 Asia Pacific Managed Pressure Drilling Services Market Analysis and Forecast (2020-2027)
12 Latin America Managed Pressure Drilling Services Market Analysis and Forecast (2020-2027)
13 Middle East Managed Pressure Drilling Services Market Analysis and Forecast (2020-2027)
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/1a77vm
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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