ELKHART, Ind.--(BUSINESS WIRE)--LCI Industries (NYSE: LCII), through its wholly-owned subsidiary, Lippert Components, Inc. (“LippertTM”) which supplies a broad array of highly engineered components for the leading original equipment manufacturers ("OEMs") in the recreation and transportation product markets, and the related aftermarkets of those industries, will release its second-quarter 2021 financial results before the market opens on Tuesday, August 3, 2021.
LCI Industries will also host a conference call on Tuesday, August 3, 2021, at 8:30 a.m. ET to discuss the results and other business matters. The call will conclude with a question-and-answer session with participation limited to institutional investors and analysts.
The conference call may be accessed by dialing (877) 668-4883 for participants in the U.S./Canada or (825) 312-2360 for participants outside the U.S./Canada using the required conference ID 8367487. Due to the high volume of companies reporting earnings at this time, please be prepared for hold times of up to 15 minutes when dialing in to the call. Individual investors, retail brokers, and the media are invited to listen to a live webcast of the call on the LCI Industries website at www.investors.lci1.com.
A replay of the conference call will be available for two weeks by dialing (800) 585-8367 for participants in the U.S./Canada or (416) 621-4642 for participants outside the U.S./Canada and referencing access code 8367487. A replay of the webcast will be available on the Company’s website immediately following the conclusion of the call.
Participating in the conference call will be:
About LCI Industries
LCI Industries, through its wholly-owned subsidiary, Lippert, supplies, domestically and internationally, a broad array of highly engineered components for the leading OEMs in the recreation and transportation product markets, consisting primarily of recreational vehicles and adjacent industries, including buses; trailers used to haul boats, livestock, equipment, and other cargo; trucks; boats; trains; manufactured homes; and modular housing. The Company also supplies engineered components to the related aftermarkets of these industries, primarily by selling to retail dealers, wholesale distributors, and service centers. Lippert's products include steel chassis and related components; axles and suspension solutions; slide-out mechanisms and solutions; thermoformed bath, kitchen, and other products; vinyl, aluminum, and frameless windows; manual, electric, and hydraulic stabilizer and leveling systems; entry, luggage, patio, and ramp doors; furniture and mattresses; electric and manual entry steps; awnings and awning accessories; towing products; truck accessories; electronic components; and other accessories. Additional information about Lippert and its products can be found at www.lci1.com.
Brian Hall, CFO, (574) 535-1125, This email address is being protected from spambots. You need JavaScript enabled to view it.
Company recognized in Best CEOs for Women, Best CEOs for Diversity, and Best Leadership Teams categories.
SAN FRANCISCO--(BUSINESS WIRE)--Medallia, Inc. (NYSE: MDLA), the global leader in customer and employee experience, today announced the company received multiple recognitions from the 2021 Comparably Awards. Medallia President and CEO Leslie Stretch was named among the Best CEOs for Women and Best CEOs for Diversity, and Medallia was also listed among the Best Leadership Teams.
“Medallia’s clear commitment to diversity, equity, and inclusion was a principal reason I joined the organization this year,” said Medallia Executive Vice President Of Environmental, Social and Governance (Esg) René Carayol. “At Medallia, our business is customer and employee feedback. Leslie, and our entire leadership team, are especially honored to receive recognition based on the feedback from our own Medallia community.”
Stretch ranked number three overall on the list of Best CEOs for Women 2021, and twentieth on the list of Best CEOs for Diversity 2021. Medallia’s leadership team was ranked sixteenth on the list of Best Leadership Teams 2021.
Rankings were based on anonymous ratings provided by employees over the past year. The Best CEOs for Women award was based solely on anonymous sentiment ratings from female employees about the chief executive officer, while Best CEOs for Diversity was based on sentiment ratings from people of color. The Best Leadership Teams award was based on employee ratings of company executives.
“At Medallia, we believe that talent is everywhere, and that diversity, equity, inclusion and belonging is essential to a winning work culture,” said Mary Ainsworth, Executive Vice President and Chief People Officer for Medallia. “We're committed to helping organizations create a culture that values every person and every experience—a commitment shared by everyone who joins our team.”
Medallia is always looking for curious, driven and compassionate people to join our growing team. For more information on careers at Medallia, visit: https://www.medallia.com/careers/.
About Comparably
Comparably (www.comparably.com) is a leading workplace culture and compensation monitoring site that provides the most comprehensive and accurate representation of what it’s like to work at companies. Employees can anonymously rate their employers in 20 workplace culture categories, providing the public a transparent and in-depth look at the experiences different segments of workers have based on gender, ethnicity, age, department, tenure, location, education, and company size. Since launching in 2016, Comparably has accumulated 10 million ratings on 60,000 U.S. companies. The platform has become one of the fastest-growing SaaS solutions for employer branding and a trusted third-party site for workplace and salary data, most notably for its annual Best Places to Work series.
About Medallia
Medallia (NYSE: MDLA) is the pioneer and market leader in customer, employee, citizen and patient experience. The company’s award-winning SaaS platform, Medallia Experience Cloud, is becoming the experience system of record that makes all other applications customer and employee aware. The platform captures billions of experience signals across interactions including all voice, video, digital, IoT, social media and corporate messaging tools. Medallia uses proprietary artificial intelligence and machine learning technology to automatically reveal predictive insights that drive powerful business actions and outcomes. Medallia customers reduce churn, turn detractors into promoters and buyers, create in-the-moment cross-sell and up-sell opportunities and drive revenue-impacting business decisions, providing clear and potent returns on investment. For more information visit www.medallia.com.
© 2021 Medallia, Inc. All rights reserved. Medallia®, the Medallia logo, and the names and marks associated with Medallia’s products are trademarks of Medallia. All other trademarks are the property of their respective owners.
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Transaction supports H&E’s transformation to a pure-play equipment rental company
Will promote H&E’s strategic focus on geographic expansion and fleet investment
H&E to host conference call to discuss transaction
BATON ROUGE, La.--(BUSINESS WIRE)--$HEES--H&E Equipment Services, Inc. (NASDAQ: HEES) (“H&E”) today announced that it has entered into a definitive agreement to sell its crane business to a wholly-owned subsidiary of The Manitowoc Company, Inc. (NYSE: MTW), a leading global manufacturer of cranes and lifting solutions, for $130 million in cash. The transaction is expected to close during the fourth quarter of 2021, subject to customary closing conditions, including regulatory approval under the Hart-Scott-Rodino Act.
“This transaction marks an important step in H&E Equipment’s transition to a pure-play equipment rental company,” said Brad Barber, H&E’s Chief Executive Officer. “We expect our continued migration to higher margin rentals will promote our strategic focus on geographic expansion and fleet investment, drive outsized revenue and profitability growth, and enable us to take full advantage of opportunities created by favorable industry and macro trends.”
“H&E has a long history and excellent reputation for serving the lifting industry, and we look forward to welcoming the H&E crane team to Manitowoc,” commented Aaron H. Ravenscroft, President and Chief Executive Officer of The Manitowoc Company, Inc. As a result of the transaction, H&E will fully exit the crane distribution business.
This divestiture, which was unanimously approved by H&E’s Board of Directors, is expected to increase, and further stabilize the Company’s EBITDA margin as it intensifies its focus on the higher margin equipment rental business.
H&E’s equipment rental business has shown consistent growth, with a compound annual growth rate of 11 percent in the five years leading up to 2020. This rapid growth has seen the rental portion of H&E’s business expand from 32 percent of revenues 10 years ago to 51 percent in 2020. The overall demand for equipment rentals has continued to expand and has proven to be more stable and resilient to market disruptions than the distribution business.
Possible uses of proceeds from the transaction include, but are not necessarily limited to, further expansion of new facilities, investment in the rental fleet, and the delivery of a differentiated customer experience through enhanced technology capabilities. In addition, the proceeds will fortify the Company’s strong cash position while supporting strategic growth initiatives and ongoing dividends.
Conference Call
H&E Equipment Services will host a conference call and live webcast on July 20, 2021, commencing at 11:00am (Eastern Time), to discuss the announced transaction. Interested parties can participate in the call by dialing 1-844-887-9400, or by visiting the “Investor Relations” section of the Company’s website at www.he-equipment.com. A replay of the call will become available after 1:00 p.m. (Eastern Time) on July 20, 2021 and can be accessed by dialing 1-877-344-7529 and entering the conference code 10158870. The call will remain active until August 3, 2021. A replay of the webcast will remain active on the Company’s website for 30 days.
About H&E Equipment Services
The Company is one of the largest integrated equipment services companies in the United States with 105 full-service facilities throughout the West Coast, Intermountain, Southwest, Gulf Coast, Mid-Atlantic and Southeast regions of the United States. The Company is focused on heavy construction and industrial equipment and rents, sells, and provides parts and service support for four core categories of specialized equipment: (1) hi-lift or aerial platform equipment; (2) cranes; (3) earthmoving equipment; and (4) material handling equipment. By providing equipment rental, sales, and on-site parts, repair, and maintenance functions under one roof, the Company is a one-stop provider for its customers' varied equipment needs. This full service approach provides the Company with multiple points of customer contact, enabling it to maintain a high quality rental fleet, as well as an effective distribution channel for fleet disposal and provides cross-selling opportunities among its new and used equipment sales, rentals, parts sales, and service operations.
About The Manitowoc Company, Inc.
The Manitowoc Company, Inc. was founded in 1902 and has over a 118-year tradition of providing high-quality, customer-focused products and support services to its markets. Manitowoc is one of the world’s leading providers of engineered lifting solutions. Manitowoc, through its wholly-owned subsidiaries, designs, manufactures, markets, and supports comprehensive product lines of mobile hydraulic cranes, tower cranes, lattice-boom crawler cranes and boom trucks under the Grove, Manitowoc, National Crane, Potain and Shuttlelift brand names.
Forward-Looking Statements
Certain statements contained herein are “forward-looking statements” within the meaning of the federal securities laws. Statements that are not historical facts, including statements about our beliefs and expectations are forward-looking statements. Statements containing the words “may”, “could”, “would”, “should”, “believe”, “expect”, “anticipate”, “plan”, “estimate”, “target”, “project”, “intend” and similar expressions constitute forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, which could cause actual results to differ materially from those contained in any forward-looking statement. Such factors include, but are not limited to, failure to obtain, delays in obtaining, or adverse conditions contained in, any required regulatory or other approvals, including antitrust approvals; failure to consummate or a delay in consummating the transaction for other reasons, and other factors discussed in our public filings, including the risk factors included in the Company’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Investors, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. Except as required by applicable law, including the securities laws of the United States and the rules and regulations of the Securities and Exchange Commission, we are under no obligation to publicly update or revise any forward-looking statements after the date hereof.
Leslie S. Magee
Chief Financial Officer
225-298-5261
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Jeffrey L. Chastain
Vice President of Investor Relations
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CORNING, N.Y.--(BUSINESS WIRE)--Micatu Incorporated, a leader in cutting-edge optical sensing technology, today announced that its Gridview Optical Sensing Technology Platform received a Top Product of the Year Award in the elite Environment + Energy Leader Awards program. The win validates Micatu's optical sensors as a cutting-edge solution that is an accurate, safe, and cost-effective replacement for obsolete traditional sensors.
Micatu's Gridview optical sensing technology uses light passed through an optical crystal to measure voltage, current, vibration, harmonics, and temperature with remarkable accuracy, providing utilities with unprecedented situational awareness for managing the modern grid. Commercial and industrial manufacturers also gain the ability to better monitor power quality and harmonic distortion. By measuring with light instead of passing electrons, Micatu's optical sensors are a safer approach for work crews and do not provide a potential ignition source.
One judge said of Micatu's Gridview: "The benefits of this product will allow grids to deliver voltage at optimum levels, thus improving the power quality and reducing power loads on the equipment with final outcome showing reduced consumption."
Another judge added: "The easier install gets field employees to buy in, reduced fire risk is an outside the box benefit, and the ability for grid operators to have the information they need to manage the system more efficiently brings energy and environmental benefits."
In addition to its benefits for utilities, one judge noted Gridview's applications for other industries: "Micatu has a product here that will save time, which saves money. I like how it is so accessible. Quite frankly, even a medium-size company could want to have one of these to get better data on energy flowing through their building, onsite renewable energy, and equipment."
The Environment + Energy Leader Awards is a program recognizing excellence in products and services that provide companies with energy and environmental benefits and projects implemented by companies that improved environmental or energy management and increased the bottom line.
"With a very experienced and critical judging panel and a strict set of judging criteria, entrants faced an extremely high bar to qualify for an award in 2021," says Sarah Roberts, Environment + Energy Leader publisher.
To learn more about how Micatu's optical sensing technology platform is helping to modernize the grid and mitigate disruption, download our white paper, A Grid Disrupted: How Optical Sensing Manages the Chaos with More Accurate, Digital Measurements, HERE.
To see pictures of Micatu’s award-winning technology, visit https://www.dropbox.com/sh/7rllm5b7eyo23xc/AABLzTVEADgnHUPaa6FRHei-a?dl=0.
About Micatu
Micatu is a driver of next-generation optical sensing technology. The company provides solutions for highly accurate grid measurements and analytics through a modular, optical sensing technology platform that is safer, more accurate, and more affordable. Micatu's optical sensing technology platform helps customers collect real-time data and grid visibility necessary for increased use of renewables and grid modernization. To learn more about Micatu's product portfolio and industrial solutions, please visit www.micatu.com.
About the Environment + Energy Leader Awards
For nearly a decade, the Environment + Energy Leader Awards have celebrated excellence in the world of environmental, sustainability, and energy management. Award winners are truly buzz-worthy, and companies that sport a Top Project or Top Product of the Year Award badge are known to be the best of the best. When other companies are seeking a sustainability or energy management solution, they know that E+E Product of the Year Award winners offer a significant group of products, vetted by experts, to peruse for help in making their decisions. Project of the Year Award winners are known to illustrate how sustainability and energy management projects can successfully help other companies improve the bottom line.
Michelle Hargis, Mercom Capital Group
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BUFFALO, N.Y.--(BUSINESS WIRE)--Gibraltar Industries, Inc. (Nasdaq: ROCK), a leading manufacturer and provider of products and services for the renewable energy, residential, agtech and infrastructure markets, announced today that it expects to release its second quarter 2021 financial results at approximately 7:30 a.m. ET on Tuesday, August 3, 2021. It also expects to discuss the results on a conference call that will be webcast live that same day starting at 9:00 a.m. ET. Hosting the call will be Chief Executive Officer William Bosway and Chief Financial Officer Timothy Murphy.
Those who wish to listen to the conference call should visit the Investors section of the Company’s website at www.gibraltar1.com. The call also may be accessed by dialing (877) 407-3088 or (201) 389-0927. For interested individuals unable to join the live conference call, a webcast replay will be available on the Company’s website for one year.
About Gibraltar
Gibraltar Industries is a leading manufacturer and provider of products and services for the renewable energy, residential, agtech and infrastructure markets. With a three-pillar strategy focused on business systems, portfolio management, and organization and talent development, Gibraltar’s mission is to create compounding and sustainable value with strong leadership positions in higher growth, profitable end markets. Gibraltar serves customers primarily throughout North America. Comprehensive information about Gibraltar can be found on its website at www.gibraltar1.com.
Timothy Murphy
Chief Financial Officer
(716) 826-6500 ext. 3277
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LHA Investor Relations
Carolyn Capaccio/Jody Burfening
(212) 838-3777
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As a national turnkey engineering firm, Fairbanks Energy Services designed a comprehensive project that will save Northeast grocery chain Price Chopper/Market 32 over 5 million kWh and $2 million each year
HINGHAM, Mass.--(BUSINESS WIRE)--#efficiency--Fairbanks Energy Services, a division of Mantis Innovation and a full-service design/build energy efficiency firm, announced today the completion of a comprehensive energy efficiency project designed and engineered for Price Chopper/Market 32. The project helps to meet Price Chopper/Market 32’s sustainability goals while decreasing costs by $2 million annually with 75% of project cost covered by Eversource Connecticut utility incentives.
Price Chopper/Market 32, a supermarket operator with locations across the Northeast, sought comprehensive efficiency solutions to improve environmental impact, lower energy costs and update existing systems across five Connecticut locations. Fairbanks Energy Services designed a three-measure project for these five stores, based around HVAC, refrigeration and LED lighting improvements. The upgrades are estimated to save Price Chopper/Market 32 over 5,436,400 kWh and 47,900 therms annually – the financial equivalent of $2,198,000.
Due to the increased strain on supermarket infrastructure during the COVID-19 pandemic, the grocery industry is facing a need to improve operational systems while generating additional capital permitting reinvestment in their stores. By pursuing these efficiency solutions, Price Chopper/Market 32 is not only investing in their own energy infrastructure and decreasing annual operational costs but improving their sustainability as well. Through the project engineered by Fairbanks Energy Services, the new locations feature:
These solutions lower the stores’ energy usage, ultimately reducing their environmental impact while improving aesthetics, comfort, facility control and system output.
“We are proud to choose a project that addresses our sustainability goals while also lowering costs,” said Frank Blake, Director of Facilities Maintenance & Energy at Price Chopper/Market 32. “The work done by Fairbanks Energy Services supports our commitment to lessening our environmental impact. Their knowledge of CT utility programs allowed us to save significantly on several important upgrades for our stores, and now we’re able to reinvest money we would be spending on energy as early as next year.”
“We were excited to tackle this project with Price Chopper/Market 32 due to the opportunity to support essential infrastructure and provide large kWh and cost deductions through strategic energy efficiency solutions,” said Ross Fairbanks, Chief Operating Officer of Fairbanks Energy Services. “For every project we engineer, we work to provide the best possible savings for our clients, while improving aesthetics without sacrificing comfort levels. Our experience working in Connecticut gives us the ability to secure key incentives that allow these projects to become a reality.”
Fairbanks Energy Services recently completed a large lighting upgrade for WernerCo, international manufacturer of ladders and safety equipment. Efficiency upgrades can provide similar companies with important annual savings as, in response to COVID-19, businesses continue to optimize their facilities and decrease utility costs.
About Fairbanks Energy Services
Fairbanks Energy Services, the efficiency solutions division of Mantis Innovation, is a national, full-service design/build energy efficiency firm dedicated to providing cost-effective retrofit solutions for our clients. Our comprehensive approach and deep knowledge of federal, state and municipal incentive programs allow us to identify, develop and install solutions that maximize savings while minimizing capital outlay. The team’s decades of experience in providing energy conservation services for commercial and industrial clients throughout the country enable Fairbanks Energy to create energy-saving solutions that are also aligned with the comfort, aesthetics and budgetary needs of clients and their employees.
Learn more at https://www.fairbanksenergy.com and https://mantisinnovation.com/.
About Price Chopper/Market 32
Based in Schenectady, NY, Price Chopper/Market 32 operates 131 supermarkets, employing 18,000 teammates, in New York, Vermont, Connecticut, Pennsylvania, Massachusetts, and New Hampshire. The American-owned company, founded by the Golub family in 1932, prides itself on longstanding traditions of innovative food merchandising, cutting edge brand development and store design, leadership in community service, and cooperative employee relations. For additional information, please visit www.pricechopper.com.
Press
Fairbanks Energy Services
Caroline Haley
Director of Marketing
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(978) 394-8670
Collaboration accelerates the path to hybrid electric commercial air travel
LOS ANGELES--(BUSINESS WIRE)--Surf Air Mobility Inc., a company accelerating the adoption of electric regional air travel, today announced an exclusive relationship with Textron Aviation Inc., a Textron Inc. (NYSE:TXT) company, supporting Surf Air Mobility’s development of electrified Cessna Grand Caravan aircraft, beginning with a hybrid electric Cessna Grand Caravan aircraft, targeted to be available in 2024. Surf Air Mobility has agreed to purchase up to 150 Cessna Grand Caravan EX single-engine turboprops, with an initial fleet order of 100 aircraft and an option for 50 more. The aircraft will be upgraded to Surf Air Mobility’s proprietary hybrid electric powertrain technology as a 9-seat variant of the iconic single-engine turboprop.
Through this exclusive agreement, Surf Air Mobility plans to make electrified aircraft broadly available to new and existing operators, and bring the benefits of lower cost, lower emission air travel to customers sooner than the rest of the aviation manufacturing industry and at scale. Through an agreement to engage in joint marketing and sales efforts, Textron Aviation will use its expertise and deep customer relationships to help accelerate adoption of the electrified Cessna Grand Caravan for all types of Cessna Grand Caravan missions, including passenger and cargo applications.
“We know from our experience that people are looking for faster, affordable, and cleaner regional travel and we are building the ecosystem to accelerate the industry’s adoption of hybrid electric flight. We believe significantly reducing the emission from this category of aircraft will be the biggest step we can take toward de-carbonization in this decade,” said Sudhin Shahani, Co-founder, Chairman and CEO, Surf Air Mobility.
Surf Air Mobility’s vision is to utilize the hybrid electric Cessna Grand Caravan aircraft across its own network, connecting more airports with short-haul direct service and building a regional mass transport platform to sustainably connect communities across the U.S.
“Hybrid electric propulsion technology, deployed at scale for environmental and commercial benefits, is an important part of the future of travel,” said Ron Draper, President & CEO, Textron Aviation. “This relationship with Surf Air Mobility leverages the unique performance capabilities of the Cessna Grand Caravan in both passenger and cargo operations, and continues to demonstrate the aircraft’s adaptability for innovative missions and configurations.”
Planned benefits of the new series hybrid architecture include:
New and existing Cessna Grand Caravan EX owners and operators are expected to have the ability to upgrade to the hybrid powertrain, converting them into hybrid electric aircraft.
Surf Air Mobility’s hybrid electric system for the Cessna Grand Caravan is anticipated to be available as early as 2024, and is intended to expand Surf Air Mobility’s regional flight network, connecting more airports with short haul direct service across the U.S.
The transactions between Surf Air Mobility and Textron Aviation are subject to certain closing conditions, including the receipt of financing by Surf Air Mobility.
For more information on the exclusive relationship with Textron Aviation, visit https://media.txtav.com
About Surf Air Mobility
Surf Air Mobility is a Los Angeles-based electric aviation and air travel company reinventing flying through the power of electrification. We are building the regional air infrastructure to sustainably connect the world’s communities. The company has flown the world’s largest hybrid electric aircraft, and intends to bring electrified aircraft to market at scale in order to substantially reduce the cost and environmental impact of flying. With a management team of experts with deep experience across aviation, electrification, and consumer technology, Surf Air Mobility is the parent company of Surf Air, Blackbird, and has entered into a definitive agreement to buy Ampaire. For more information, visit: https://surfairmobility.com.
About Textron Aviation
We inspire the journey of flight. For more than 90 years, Textron Aviation Inc., a Textron Inc. company, has empowered our collective talent across the Beechcraft, Cessna and Hawker brands to design and deliver the best aviation experience for our customers. With a range that includes everything from business jets, turboprops, and high-performance pistons, to special mission, military trainer and defense products, Textron Aviation has the most versatile and comprehensive aviation product portfolio in the world and a workforce that has produced more than half of all general aviation aircraft worldwide. Customers in more than 170 countries rely on our legendary performance, reliability and versatility, along with our trusted global customer service network, for affordable and flexible flight.
For more information, visit www.txtav.com | www.defense.txtav.com | www.scorpionjet.com.
About Textron Inc.
Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell, Cessna, Beechcraft, Hawker, Jacobsen, Kautex, Lycoming, E-Z-GO, Arctic Cat, Textron Systems, and TRU Simulation + Training. For more information, visit: www.textron.com
Certain statements in this press release are forward-looking statements which may project revenues or describe strategies, goals, outlook or other non-historical matters; these statements speak only as of the date on which they are made, and none of Surf Air Mobility Inc., Textron Inc. or Textron Aviation Inc. undertake any obligation to update or revise any forward-looking statements. These statements are subject to known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from those expressed or implied by such forward-looking statements, including, but not limited to, inability to meet expected development timelines or realize the anticipated benefits of the new propulsion system (including operational and environmental benefits), challenges of producing new products at scale, changes in applicable laws or regulations, the possibility that we may be adversely affected by other economic, business, regulatory and/or competitive factors, changes in aircraft delivery schedules, cancellations or deferrals of orders, production delays or certification of any propulsion system.
Media Contacts:
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surfairmobility.com
DEERFIELD, Ill.--(BUSINESS WIRE)--CF Industries Holdings, Inc. (NYSE: CF) today announced that its Board of Directors has elected Jesus Madrazo, founder and chairman of Kompali Farms, as an independent director for the company. Prior to founding Kompali Farms, Mr. Madrazo served for more than two decades in diverse global leadership roles at Monsanto Company and, more recently, as executive vice president, public affairs and sustainability, for the Crop Science division of Bayer.
The election of Mr. Madrazo brings membership of the CF Industries Holdings, Inc. Board of Directors to twelve. He is expected to stand for re-election by stockholders at the company’s 2022 Annual Meeting.
“We are pleased to welcome Jesus to the CF Industries’ Board,” said Stephen A. Furbacher, chairman of the board, CF Industries Holdings, Inc. “With his strong leadership experience, a global perspective, a passion for sustainability, and a deep background in agriculture serving customers and as a farmer himself, Jesus will serve the Board and our management team greatly. We look forward to his contributions as we work together to create long-term value for our stockholders.”
About Jesus Madrazo
Mr. Madrazo, 51, is the founder and chairman of Kompali Farms, a large wine venture in Mexico renowned for its innovation by uniting technology and sustainability to deliver value to consumers while minimizing environmental impact. Prior to Kompali Farms, he served as a member of the executive leadership team and as executive vice president, public affairs and sustainability, for the Crop Science division of Bayer. Prior to joining Bayer, Madrazo held the role of Vice President, Commercial and Global Supply Chain, at Monsanto, which he first joined in 1999.
Mr. Madrazo holds a legal degree from the Instituto Tecnológico y de Estudios Superiores de Monterrey in Mexico and received post-legal degrees from Universidad Nacional Autónoma de México (UNAM) and University of Arizona. He also holds an MBA from Cardiff Business School in the United Kingdom. He has been a member of multiple industry coalitions and non-governmental organization boards of directors around the world.
About CF Industries Holdings, Inc.
At CF Industries, our mission is to provide clean energy to feed and fuel the world sustainably. With our employees focused on safe and reliable operations, environmental stewardship, and disciplined capital and corporate management, we are on a path to decarbonize our ammonia production network – the world’s largest – to enable green and blue hydrogen and nitrogen products for energy, fertilizer, emissions abatement and other industrial activities. Our nine manufacturing complexes in the United States, Canada, and the United Kingdom, an unparalleled storage, transportation and distribution network in North America, and logistics capabilities enabling a global reach underpin our strategy to leverage our unique capabilities to accelerate the world’s transition to clean energy. CF Industries routinely posts investor announcements and additional information on the company’s website at www.cfindustries.com and encourages those interested in the company to check there frequently.
Media
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The acquisition is expected to strengthen ChargePoint’s industry leadership and accelerate pace of electrification across Europe
AMSTERDAM & CAMPBELL, Calif.--(BUSINESS WIRE)--#Bethechange--ChargePoint Holdings, Inc. (NYSE:CHPT), a leading electric vehicle (EV) charging network operating in North America and Europe, today announced it has signed a definitive agreement to acquire has·to·be, an e-mobility provider with a leading European charging software platform. This transaction comes as Europe is among the fastest-growing markets for EV sales worldwide. Under the terms of the agreement, ChargePoint will acquire has·to·be for a total purchase price of approximately €250 million, subject to adjustments, to be paid in cash and stock. The transaction is expected to close in 2021, subject to the satisfaction of regulatory approvals and other customary closing conditions.
Pasquale Romano, President and CEO of ChargePoint, said, “As an established leader in North America, our continued investment in Europe is critical to our stated growth strategy. We’re excited to announce our agreement to acquire has·to·be, a leader in its own right with a talented team, an impressive base of customers committed to e-mobility and robust technology. Our combined assets should position us to accelerate our leadership as electrification continues to take hold across continents.”
The has·to·be team, customers and technology will be part of ChargePoint’s operations. Founded in 2013, has·to·be today has 125 employees in Austria and Germany, as well as approximately 40,000 networked ports and over 250,000 networked ports through open roaming agreements. ChargePoint will be positioned to benefit from has·to·be’s strong European market share, especially in Germany, Austria and Switzerland. has·to·be boasts over 1,000 customers in a variety of sectors, from automotive and fleet to oil and gas and energy, from leading brands such as Aral, Audi, GP Joule, Ionity and Porsche. The expansive has·to·be software platform effectively addresses the complexity and fragmentation of today’s European charging landscape and is compatible with widely deployed European charging stations and e-mobility services.
Martin Klässner, co-founder and CEO of has·to·be, said, “Over the past eight years, our talented team has helped lead e-mobility in Europe and attracted a large base of leading brands as customers who rely on our charging software platform every day to meet their technical requirements. Together with the resources of ChargePoint, we will continue in this spirit and achieve even greater scale as the market continues to expand.”
Volkswagen is an investor and a key stakeholder in has·to·be. Elke Temme, Head of Volkswagen Charging & Energy, said, “Our longstanding commitment to e-mobility includes an early investment in has·to·be. We believe ChargePoint and has·to·be together have great potential to drive the adoption of e-mobility.”
About ChargePoint
ChargePoint is creating a new fueling network to move people and goods on electricity. Since 2007, ChargePoint has been committed to making it easy for businesses and drivers to go electric with one of the largest EV charging networks and a comprehensive portfolio of charging solutions available today. ChargePoint’s cloud subscription platform and software-defined charging hardware are designed to include options for every charging scenario from home and multifamily to workplace, parking, hospitality, retail and transport fleets of all types. Today, one ChargePoint account provides access to hundreds-of-thousands of places to charge in North America and Europe. To date, more than 92 million charging sessions have been delivered, with drivers plugging into the ChargePoint network every two seconds or less. For more information, visit the ChargePoint pressroom, the ChargePoint Investor Relations site, or contact ChargePoint’s This email address is being protected from spambots. You need JavaScript enabled to view it. or This email address is being protected from spambots. You need JavaScript enabled to view it. press offices or This email address is being protected from spambots. You need JavaScript enabled to view it..
About has·to·be
has·to·be paves the way for sustainable mobility. With its comprehensive EV charging solution platform and innovative services, has·to·be provides the platform companies require to enjoy success in the field of EV charging: from the scalable operation of charging infrastructure to the end-to-end management of worldwide mobility solutions. has·to·be gmbh is headquartered in the federal province of Salzburg and has offices in Munich and Vienna.
Forward-Looking Statements
This press release contains forward-looking statements that involve risks, uncertainties, and assumptions including statements regarding intention to acquire has·to·be, our continued investment in, expectations for growth, and expanded charging network in Europe, strength of our European operations and customer service capabilities after the transaction is closed, expectations regarding the timing of when the acquisition will be completed, the expected benefits of the acquisition of has·to·be to us, our leadership and market position, and our customers, and the expected impact of the acquisition on our offerings. There are a significant number of factors that could cause actual results to differ materially from the statements made in this press release, including: developments and changes in the general market; the continuing impact of COVID-19, including in our business and those of our customers and suppliers; political, economic, and business conditions; our limited operating history as a public company; our ability as an organization to successfully integrate has·to·be and acquire and integrate other companies, products or technologies in a successful manner; our dependence on widespread acceptance and adoption of EVs and increased installation of charging stations; our current dependence on sales of charging stations for most of our revenues; overall demand for EV charging and the potential for reduced demand for EVs if governmental rebates, tax credits and other financial incentives are reduced, modified or eliminated or governmental mandates to increase the use of EVs or decrease the use of vehicles powered by fossil fuels, either directly or indirectly through mandated limits on carbon emissions, are reduced, modified or eliminated; supply chain interruptions; our ability to expand in Europe; the need to attract additional fleet operators as customers; potential adverse effects on our revenue and gross margins if customers increasingly claim clean energy credits and, as a result, they are no longer available to be claimed by us; the effects of competition; risks related to our dependence on our intellectual property; and the risk that our technology could have undetected defects or errors. Additional risks and uncertainties that could affect our financial results are included under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our quarterly report on Form 10-Q filed with the Securities and Exchange Commission (the “SEC”) on June 11, 2021, which is available on our website at investors.chargepoint.com and on the SEC's website at www.sec.gov. Additional information will also be set forth in other filings that we make with the SEC from time to time. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we do not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made, except as required by applicable law.
CHPT-IR
European Press
Matthew Enevoldson
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North American Press
Olivia Marcinka
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Investor Relations
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Silicon Valley marketing veteran will drive brand growth as electric vehicles with WiTricity’s wireless charging solutions come to market
WATERTOWN, Mass.--(BUSINESS WIRE)--WiTricity, the company wirelessly charging the future of mobility, today announced it has hired Hewlett Packard (HP) and Microsoft marketing veteran Amy Barzdukas as Chief Marketing Officer (CMO). Barzdukas will be responsible for leading global marketing for WiTricity, driving the company through its next wave of growth as electric vehicles (EVs) with WiTricity’s patented wireless charging solutions become commercially available.
Barzdukas brings more than 25 years of B2B and consumer marketing, communications, and product management experience to WiTricity. She joins the company after most recently serving as CMO of Omnitracs, the global pioneer of fleet management solutions to transportation and logistics companies that was acquired by Solera in June 2021. At Omnitracs, she led a global marketing team responsible for field marketing, channel marketing, digital marketing, demand generation, marketing operations, communications, brand, product marketing, and sales enablement. Prior to Omnitracs, Barzdukas served as CMO and Executive Vice President at the video and voice solutions company Poly, Inc. where she managed over 180 marketers and communications professionals and drove the reorganization process of Poly’s rebranding after the merger of Polycom, Inc. and Plantronics.
“As more automakers incorporate WiTricity wireless charging into their EV roadmaps, with some of those EVs being deployed as early as this year, we sought a CMO who can amplify our brand across consumer and commercial markets,” said WiTricity CEO Alex Gruzen. “Amy’s strong background in leading global marketing teams coupled with her experience working in the mobility and personal technology industries makes her the perfect fit for our new CMO role. We’re thrilled to welcome her to the leadership team.”
Prior to Poly, Barzdukas was Vice President, Worldwide Marketing, Business Personal Systems at HP where she ran worldwide marketing for the world’s largest business PC group, a $23 billion business, including desktops, notebooks, workstations, mobility, and software and services. She also spent nearly 16 years at Microsoft, completing her tenure at the company as General Manager, Competitive Marketing Strategy, Server and Tools Business where she drove competitive analysis across a broad scope of products, including cloud technologies, database, virtualization, and overall enterprise software. Barzdukas attended Wellesley College and earned her BA from Abilene Christian University.
“It’s no secret that the future of mobility is electric. Wireless charging will be a key component to this future, enabling a safer and more convenient consumer experience and autonomy. It couldn’t be a more exciting time to join WiTricity as the leader in the EV wireless charging market,” said Barzdukas. “I’m looking forward to working with the leadership team to continue building the WiTricity brand on a global scale.”
For more about WiTricity, visit witricity.com.
About WiTricity
WiTricity is the global industry leader in wireless charging, powering a sustainable future of mobility that is electric and autonomous. WiTricity’s patented magnetic resonance technology is being incorporated into global automakers’ and Tier 1 suppliers’ EV roadmaps and is the foundation of major global standards developed to support wide-scale adoption. Advancements like dynamic charging of moving vehicles, and the charging of autonomous robots and vehicles without human intervention all depend on WiTricity technology. See how WiTricity enables a magically simple, efficient charging experience.
Allison Webster for WiTricity
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Ongoing drilling at Moosehead; field work at Fleur de Lys and Benton-Sokoman JV projects; visible gold found at Grey River
ST. JOHN’S, Newfoundland and Labrador--(BUSINESS WIRE)--#benton--Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) (the “Company” or “Sokoman”) is pleased to provide the following exploration update on its 100%-owned projects as well as Joint Venture Projects with Benton Resources Inc. (TSXV: BEX) in Newfoundland.
Highlights:
Moosehead Project
Phase 6 drilling program is ongoing at Moosehead with two rigs. While there has been a delay in getting a third drill rig on-site due to the current shortage of the drill crew experienced by Sokoman’s preferred drilling contractor who knows the property area well, Sokoman has recently been advised that the third rig is expected to join the program in 2-3 weeks. The third rig will now be designated for the barge-based program which is awaiting final approval from the Department of Environment. The Company is looking at adding a fourth drill rig as soon as possible and will keep investors posted on the progress made in that regard.
Once the third rig is on site, Sokoman plans to be alternating the initial two drills in order to test regional targets that could easily lead to other discoveries in addition to extending currently known zones.
Just under 20,000 m of the proposed 50,000 m Phase 6 program has been completed and multiple strong intersections have been reported from this phase including the holes summarized as follows:
MH-21-115 (Footwall Splay – Eastern Trend) - 4.60 m @ 47.20 g/t Au; and 8.10 m @ 68.25 g/t Au
MH-21-163 (Footwall Splay – Eastern Trend) - 18.90 m @ 13.09 g/t Au
MH-21-141 (South Pond Zone 1) - 4.20 m @ 64.00 g/t Au
MH-21-123 (South Pond Zone 1) - 5.00 m @ 26.87 g/t Au
*Reported lengths are core lengths and are believed to be 70% to 85% of true thickness
The barge program could entail as much as 5,000 to 10,000 m, depending on success and depths, to target the Footwall Splay and as much of the Eastern Trend that can be accessed.
Drilling will continue at the South Pond target as well as on the nearby 75 Zone, which is an open-ended mineralized block lying 100 m northeast of the South Pond target, approximately halfway to the Eastern Trend, and which delivered MH-19-75 (5.80 m of 6.93 g/t Au, including a VG bearing vein grading 32.99 g/t Au over 0.80 m) and remains open. The 75 Zone drilling will help determine whether it is linked to any known zone or is a new splay. Currently a four-to-six-hole program is focused on this area. Once completed, the drill will be assigned to test some of the high-priority geochemical and geophysical targets elsewhere on the property while awaiting assays.
Fleur de Lys Project
The property-scale till sampling program is approximately 40% complete with 357 samples submitted for gold grain and heavy mineral analysis at Overburden Drilling Management (ODM) in Ottawa. The sample collection is being supervised by ODM utilizing contract crews. Results from the early sampling are expected in the next 2-3 weeks. Prospecting has been ongoing concurrent with the till sampling, and approximately 40 rock samples have been submitted for assay, many with disseminated pyrite and chalcopyrite, minerals linked to several gold-enriched deposits in the UK, including the six-million-ounce Curraghinalt deposit in Northern Ireland, with which the Fleur de Lys project shares many characteristics.
Grey River Sokoman/ Benton JV Project
Airborne geophysical surveying totalling 1,099 line-kilometres is about to begin at the 324-claim (8,100 hectares – 81 sq km) Grey River JV in southern Newfoundland and will consist of a Heliborne High-Resolution Magnetic and Matrix Digital VLF-EM Survey flown by Terraquest Ltd. The results of the survey will help define structural targets that may be associated with the gold mineralization at Grey River. The property is targeting high-grade gold mineralization similar to that currently being mined at Pogo, Alaska with published reserves of 6.9 million ounces at 9.4 g/t Au (Northern Star Resources website March 31, 2021), as well as other styles of gold mineralization including shear zone and intrusion-related gold.
Management of Sokoman and Benton have visited the Grey River and the Golden Hope properties to establish priorities and to engage in sampling as many areas of known mineralization. The visit to Grey River was extremely successful in that sampling in the vicinity of the historical 225 g/t Au sample site resulted in the identification of visible gold in a portion of the mineralized zone. In addition, prospecting in the immediate area identified several other mineralized horizons that did not appear to be previously sampled. Assays are pending from a suite of samples collected from several locations on the property. The historical “Quartz Zone” reported by previous workers is impressive and extends for several kilometres in an east west direction (photos can be viewed on Sokoman’s website under the Grey River Project tab) and is up to 200-300 metres in width locally. Multiple gold showings are known along most of its length ranging from 100-200 ppb Au to 225 g/t Au, but no drilling has been carried out at any of the known gold occurrences. The companies have applied for drilling permits which will target these zones.
Golden Hope Sokoman/ Benton JV Project
Exploration has also commenced on the 3,176-claim (79,400 hectares – 794 sq km) Golden Hope Property in southwestern Newfoundland, including a 5,709-line-kilometre Heliborne High-Resolution Aeromagnetic & Matrix Digital VLF-EM Survey being flown by Terraquest Ltd. The survey will help provide an overall structural picture of the property and identify extensions of known gold-bearing structures as well as any previously unrecognized structures on the property. An initial reconnaissance mission at Golden Hope was completed earlier this month by management of Sokoman and Benton in order to get a firsthand look at the ground and to obtain samples in as many areas as possible (photos can be viewed on Sokoman’s website under the Golden Hope Project tab). Mineralization observed included multiple occurrences of structurally controlled quartz veins with variable amounts of pyrite, as well as a previously unknown zone of locally significant arsenopyrite and pyrite (as stringers and veinlets comprising up to 10% of rock volume), that was noted to be several dozen metres in thickness and of unknown strike length. Overall, approximately 50 rock samples as well as seven stream sediment and four C-horizon till samples were collected and submitted for assaying/processing.
Kepenkeck Sokoman/ Benton Resources JV Project
The Company has been informed by Joint Venture partner Benton that a Heliborne High-Resolution Aeromagnetic & Matrix Digital VLF-EM Survey totaling 1,984 line-kilometres has been flown by Terraquest Ltd. A prospecting program has begun, and a detailed soil sampling program will commence shortly. The Kepenkeck property lies in east-central Newfoundland, along trend from Canstar Resources’ Golden Baie project and immediately east of New Found Gold’s Queensway project. The target is high grade and quartz veining, hosted in graphitic shales similar to that of the New Found Gold property.
The companies have received the first assay results from 24 samples submitted. Gold grading from >5 ppb to 5,340 ppb have been obtained from localized float and outcrops. The companies are very encouraged by these early results, and follow-up has been planned to further these discoveries.
About the Flagship Moosehead Gold Project
The 100%-owned Moosehead Gold Project is located along the Trans-Canada Highway in north central Newfoundland, on the same structural trend as the advanced Valentine Lake Project (Marathon Gold), and adjacent to New Found Gold’s Queensway Project. Both the Moosehead and Queensway projects are targeting high-grade, turbidite-hosted, Fosterville-type gold mineralization. At least five zones of significant gold bearing mineralization have been identified to date at Moosehead and multiple high-priority targets independent of the known zones remain to be tested. The Company has completed approximately 20,000 m of a current 50,000 m drill program at Moosehead.
QP
This news release has been reviewed and approved by Timothy Froude, P. Geo., a "Qualified Person" under National Instrument 43-101 and President and CEO of Sokoman Minerals Corp.
COVID-19 Protocols
To ensure a working environment that protects the health and safety of the staff and contractors, Sokoman is operating under federally and provincially mandated and recommended guidelines during the current COVID-19 alert level.
Analytical Techniques / QA/QC
All core samples submitted for assay were saw cut by Sokoman personnel with one half submitted for assay and one half retained for reference. Samples were delivered in sealed bags directly to the lab by Sokoman Minerals personnel. Samples, including duplicates, blanks and standards, were submitted to Eastern Analytical Ltd. in Springdale, Newfoundland for gold analysis. Eastern Analytical is an accredited assay lab that conforms to requirements of ISO/IEC 17025. Samples with possible visible gold were submitted for total pulp metallics and gravimetric finish. All other samples were analyzed by standard fire assay methods. Total pulp metallic analysis includes: the whole sample is crushed to -10 mesh; then pulverized to 95% -150 mesh; the total sample is weighed and screened 150 mesh; the +150 mesh fraction is fire assayed for Au, and a 30 g subsample of the -150 mesh fraction is fire assayed for Au; with a calculated weighted average of total Au in the sample reported as well. One blank and one industry approved standard for every twenty samples submitted, is included in the sample stream. In addition, random duplicates of selected samples are analyzed in addition to the in-house standard and duplicate policies of Eastern Analytical.
About Sokoman Minerals Corp.
Sokoman Minerals Corp. is a discovery-oriented company with gold projects in Newfoundland & Labrador, Canada. The Company's primary focus is its portfolio of gold projects including the 100%-owned, high-grade, Fosterville-style Moosehead Project, and the Crippleback Lake (optioned to Trans Canada Gold Corp.), and East Alder (optioned to Canterra Minerals Corporation) Projects, all of which lie along the Central Newfoundland Gold Belt, as well as the 100%-owned, district-scale Fleur de Lys project in northwestern Newfoundland, which is targeting Dalradian-type gold mineralization similar to the Curraghinalt and Cavanacaw deposits in Northern Ireland. The Company also recently entered into a strategic alliance with Benton Resources Inc. through three large scale joint venture properties including Grey River, Golden Hope and Kepenkeck in Newfoundland.
Sokoman now controls independently, and through the Benton Alliance, over 150,000 hectares (>6,000 claims – 1500 sq. km), making it one of the largest landholders in Newfoundland, Canada’s newest and rapidly emerging gold districts. The Company also retains an interest in an early-stage antimony/gold project (Startrek) in Newfoundland, optioned to White Metal Resources Inc., and in Labrador, the Company has a 100% interest in the Iron Horse (Fe) project which has Direct Shipping Ore (DSO) potential.
Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company's property.
The Company would like to thank the Government of Newfoundland and Labrador for financial support of the Moosehead Project through the Junior Exploration Assistance Program.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Investors are cautioned that trading in the securities of the Corporation should be considered highly speculative. Except for historical information contained herein, this news release contains forward- looking statements that involve risks and uncertainties. Actual results may differ materially. Sokoman Minerals Corp. will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Sokoman Minerals Corp.
Timothy Froude, P. Geo., President & CEO
709-765-1726
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Cathy Hume, Director, Investor Relations
416-868-1079 x251
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Website: www.sokomanmineralscorp.com
Twitter: @SokomanMinerals
Facebook: @SokomanMinerals
HOUSTON--(BUSINESS WIRE)--BBVA USA, as Trustee of the San Juan Basin Royalty Trust (the “Trust”) (NYSE:SJT), today declared a monthly cash distribution to the holders of its Units of beneficial interest (the “Unit Holders”) of $3,949,643.61 or $0.084740 per Unit, based primarily upon estimated production during the month of May 2021, subject to certain adjustments by the owner of the Trust’s subject interests, Hilcorp San Juan L.P. (“Hilcorp”), for prior months. The distribution is payable August 13, 2021, to Unit Holders of record as of July 30, 2021.
Based upon information provided to the Trust by Hilcorp, gas production for the subject interests totaled 2,695,014 Mcf (2,994,460 MMBtu) for May 2021, as compared to 2,498,553 Mcf (2,776,171 MMBtu) for April 2021. Dividing revenues by production volume yielded an average gas price for May 2021 of $1.88 per Mcf ($1.69 per MMBtu), as compared to an average gas price for April 2021 of $1.67 per Mcf ($1.50 per MMBtu).
Hilcorp informed the Trust that due to Hilcorp’s transition to a new accounting system, the May 2021 reporting month is based on estimated revenue and estimated severance tax and actuals for lease operating expenses, property taxes and capital costs.
Hilcorp has advised the Trust that the May 2021 reporting month included additional profits of $2,559,341 gross ($1,919,505 net to the Trust) based on true-ups to the lease operating expense, property tax and capital cost categories for the January 2021 through April 2021 production months.
For the month ended May 2021, Hilcorp reported to the Trust capital costs of negative $165,551 (credit to the Trust due to true-ups), lease operating expenses and property taxes of negative $257,938 (credit to the Trust due to true-ups), and severance taxes of $528,225. Hilcorp also reported that for the reporting month of May 2021, other income included an estimated $100,000 for non-operated revenue, $35,877 for the settlement of audit exceptions, and $38,806 in interest from true-ups.
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Except for historical information contained in this news release, the statements in this news release are forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements generally are accompanied by words such as “estimates,” “anticipates,” “could,” “plan,” or other words that convey the uncertainty of future events or outcomes. Forward-looking statements and the business prospects of San Juan Basin Royalty Trust are subject to a number of risks and uncertainties that may cause actual results in future periods to differ materially from the forward-looking statements. These risks and uncertainties include, among other things, certain information provided to the Trust by Hilcorp, volatility of oil and gas prices, governmental regulation or action, litigation, and uncertainties about estimates of reserves. These and other risks are described in the Trust’s reports and other filings with the Securities and Exchange Commission.
Joshua R. Peterson, Head of Trust Real Assets & Mineral Resources
and Senior Vice President
Kaye Wilke, Investor Relations, toll-free: (866) 809-4553
Marks Second Consecutive Year EnFocus™ Has Received this Prestigious Award
SOLON, Ohio--(BUSINESS WIRE)--#circadianlighting--Energy Focus, Inc. (NASDAQ:EFOI), a leader in sustainable and human-centric lighting (“HCL”) technologies and developer of advanced UV-C disinfection products, has been named a 2021 Environment + Energy Leader award winner, receiving a “Top Product of the Year” Award for the upcoming SuncycleTM, autonomous HCL system controlled by the EnFocus™ platform. The win is a validation of innovation and potential impact of Suncycle™ from the program’s expert judges that consider the EnFocus™ HCL platform a top example of breakthrough work in energy and environmental management. This is the second consecutive year that Energy Focus has received this elite award for its EnFocus™ lighting control platform.
The Environment + Energy Leader Awards is a program recognizing excellence in products and services that provide companies with energy and environmental benefits, and in projects implemented by companies that have improved environmental or energy management and increased the bottom line.
The new, second-generation EnFocus™ Human-Centric Lighting system, with EnFocus™-compatible switches and LED lamps to be marketed under the EnFocus™ and Suncycle™ brands, enables both commercial facilities and residential consumers to implement flicker-free, dimmable, color-tunable and autonomous circadian LED lighting. This system, with patented and patent-pending technologies, drives superior light quality and capabilities at a fraction of the cost of alternative wireline or wireless controls by leveraging existing AC wiring for digital communications between EnFocus™ switches and lamps. EnFocus™ Gen 2 only requires replacing existing wall switches and common types of lamps such as fluorescent or LED tubes (with other lamps, such as A19, BR32 and recessed downlights expected soon) without replacing fixtures and wall wiring, or deploying potentially security vulnerable wireless communication protocols such as WiFi, Bluetooth, or ZigBee.
New features from the second-generation EnFocus™ platform design that helped earn this award include an intuitive LCD screen on the switch with pre-programmed 10-stage changes in light brightness (up to 2250 lumens per lamp) and color temperature (2700K-6500K) following natural daylight cycles to align with the human circadian rhythm, the 24-hour biological clock that regulates human sleep-wake cycles. This LED lighting control system also features an optional occupancy sensing capability, significantly and autonomously reducing energy consumption. They can also dim to 10% power, achieving additional energy savings and carbon footprint reductions. EnFocus™ lighting control systems can provide 60-90% energy savings over fluorescent or incandescent lighting systems.
“With a very experienced and critical judging panel and a strict set of judging criteria, entrants faced an extremely high bar to qualify for an award in 2021,” said Sarah Roberts, Environment + Energy Leader publisher.
Citing reasons for awarding the EnFocus™ Gen 2 Human-Centric Lighting Platform a Top Product of the Year award, one judge noted, “This product provides great stand-alone lighting controls where the dimming can provide greatly improved energy savings while the ability to change the color can take lighting to the next generation of improving the indoor living environment.”
Another judge said, “….it offers the possibility to improve our productivity throughout the day and since many people have been working from home or spending most of the time indoors, this product could be a good option as an intelligent lighting system.”
“The EnFocus™ Gen 2 lighting control system was invented and designed to bring the highest levels of lighting quality, ease of implementation and cost effectiveness to indoor environments of all kinds across the world, and we are honored and humbled to receive this prestigious award from Environment + Energy Leader for the second year in a row,” said James Tu, Chairman and Chief Executive Officer of Energy Focus. “While this whole past year has brought a lot of challenges to the world and to the lighting industry, we continued our mission to improve indoor environments through our human-centric lighting innovations that include both Gen 2 EnFocus™ as well as UV-C technologies that bring not only greater energy efficiency and sustainability but also health benefits. We believe Suncycle™ is poised to take the lighting performance for both buildings and homes to a whole new, human-centric level. Our teams are working diligently, and we expect to make Suncycle™ products available in the U.S. in the fourth quarter of 2021.”
About Energy Focus, Inc.
Energy Focus is an industry-leading innovator of sustainable and human-centric lighting and lighting control technologies and solutions, as well as UV-C Disinfection technologies and solutions. As the creator of the first flicker-free LED lamps, Energy Focus develops high quality LED lighting products and controls that provide extensive energy and maintenance savings, as well as aesthetics, safety, health and sustainability benefits over conventional lighting. Our EnFocus™ lighting control platform enables existing and new buildings to provide quality, convenient and affordable, dimmable and color-tunable, circadian and human-centric lighting capabilities. In addition, our patent-pending UV-C Disinfection technologies and products (UV™ by Energy Focus), announced in late 2020, aim to provide effective, reliable and affordable UVCD solutions for buildings, facilities and homes.
Energy Focus’ customers include U.S. and foreign navies, U.S. federal, state and local governments, healthcare and educational institutions, as well as Fortune 500 and middle market companies. Since 2007, Energy Focus has installed approximately 900,000 LED lighting products across the U.S. Navy fleet, saving more than five million gallons of fuel and 300,000 man-hours in lighting maintenance annually.
Energy Focus is headquartered in Solon, Ohio. For more information, visit energyfocus.com.
About the Environment + Energy Leader Awards
For nearly a decade, the Environment + Energy Leader Awards have celebrated excellence in the world of environmental, sustainability and energy management. Award winners are truly buzz-worthy, and companies that sport a Top Project or Top Product of the Year Award badge are known to be the best of the best. When other companies are seeking a sustainability or energy management solution, they know that E+E Product of the Year Award winners offer a significant group of products, vetted by experts, to peruse for help in making their decisions. Project of the Year Award winners are known to illustrate how sustainability and energy management projects can successfully help other companies improve the bottom line.
Forward-Looking Statements:
Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements can generally be identified by the use of forward-looking terminology, including the terms “believes,” “estimates,” “anticipates,” “expects,” “feels,” “seeks,” “forecasts,” “projects,” “intends,” “plans,” “may,” “will,” “should,” “could” or “would” or, in each case, their negative or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts and include statements regarding our intentions, beliefs or current expectations concerning, among other things, our results of operations, financial condition, liquidity, prospects, growth, strategies, capital expenditures, and the industry in which we operate. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Although we base these forward-looking statements on assumptions that we believe are reasonable when made in light of the information currently available to us, we caution you that forward-looking statements are not guarantees of future performance and that our actual results of operations, financial condition and liquidity, and industry developments may differ materially from statements made in or suggested by the forward-looking statements contained in this release. We believe that important factors that could cause our actual results to differ materially from forward-looking statements include, but are not limited to: (i) disruptions and a slowing in the U.S. and global economy and business interruptions experienced by us, our customers and our suppliers as a result of the COVID-19 pandemic and related impacts on travel, trade and business operations; (ii) our ability to realize the expected novelty, disinfection effectiveness, affordability and estimated delivery timing of our UVCD products and their performance and cost compared to other products; (iii) our ability to extend our product portfolio into commercial services and consumer products; (iv) market acceptance of our LED lighting, control and UVCD technologies and products; (v) our need for additional financing in the near term to continue our operations; (vi) our ability to refinance or extend maturing debt on acceptable terms or at all; (vii) our ability to continue as a going concern for a reasonable period of time; (viii) our ability to implement plans to increase sales and control expenses; (ix) our reliance on a limited number of customers for a significant portion of our revenue, and our ability to maintain or grow such sales levels; (x) our ability to add new customers to reduce customer concentration; (xi) our reliance on a limited number of third-party suppliers and research and development partners, our ability to manage third-party product development and obtain critical components and finished products from such suppliers on acceptable terms and of acceptable quality, and the impact of our fluctuating demand on the stability of such suppliers; (xii) our ability to timely and efficiently transport products from our third-party suppliers to our facility by ocean marine channels; (xiii) our ability to increase demand in our targeted markets and to manage sales cycles that are difficult to predict and may span several quarters; (xiv) the timing of large customer orders, significant expenses and fluctuations between demand and capacity as we invest in growth opportunities; (xv) our ability to compete effectively against companies with lower cost structures or greater resources, or more rapid development efforts, and new competitors in our target markets; (xvi) our ability to successfully scale our network of sales representatives, agents, and distributors to match the sales reach of larger, established competitors; (xvii) our ability to attract, develop and retain qualified personnel, and to do so in a timely manner; (xviii) the impact of any type of legal inquiry, claim or dispute; (xix) general economic conditions in the United States and in other markets in which we operate or secure products; (xx) our dependence on military maritime customers and on the levels and timing of government funding available to such customers, as well as the funding resources of our other customers in the public sector and commercial markets; (xxi) business interruptions resulting from geopolitical actions, including war and terrorism, natural disasters, including earthquakes, typhoons, floods and fires, or from health epidemics or pandemics or other contagious outbreaks; (xxii) our ability to respond to new lighting technologies and market trends, and fulfill our warranty obligations with safe and reliable products; (xxiii) any delays we may encounter in making new products available or fulfilling customer specifications; (xxiv) any flaws or defects in our products or in the manner in which they are used or installed; (xxv) our ability to protect our intellectual property rights and other confidential information, and manage infringement claims by others; (xxvi) our compliance with government contracting laws and regulations, through both direct and indirect sale channels, as well as other laws, such as those relating to the environment and health and safety; (xxvii) risks inherent in international markets, such as economic and political uncertainty, changing regulatory and tax requirements and currency fluctuations, including tariffs and other potential barriers to international trade; (xxviii) our ability to maintain effective internal controls and otherwise comply with our obligations as a public company; and (xxix) our ability to maintain compliance with the continued listing standards of The Nasdaq Stock Market. For additional factors that could cause our actual results to differ materially from the forward-looking statements, please refer to our most recent annual report on Form 10-K and quarterly reports on Form 10-Q filed with the Securities and Exchange Commission.
Media Contact:
DGI Comm
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DUBLIN--(BUSINESS WIRE)--The "Global Battery Monitoring System Market, By Component (Hardware and Software), By Type (Wired Battery Monitoring System and Wireless Battery Monitoring System), By Battery Type, By End-User, By Region, Competition, Forecast & Opportunities, 2016-2026" report has been added to ResearchAndMarkets.com's offering.
The Global Battery Monitoring System Market is projected to grow at a CAGR of 12.89% during the forecast period, to reach a market size of USD4734.34 million by 2026, from an estimated USD1814 million in 2016.
The market growth can be attributed to rising investments in data centers and growing renewable power generation globally. The increased operational efficiency of batteries and rising demand for electric vehicles are expected to boost the demand for battery monitoring systems.
The report segments the market, by type, into wired and wireless. The wired segment is expected to lead the market during the forecast period. The wireless segment is projected to grow at the fastest rate during the forecast period as wireless systems enable remote monitoring of operations as all the operations can be monitored from a central location.
The hardware segment of the battery monitoring system, by component, accounted for the largest market size in 2016. Hardware components include the physical components involved in a battery monitoring system, such as sensors, hubs, controllers, data loggers, data recorders, and communication networks. The simple installation, fast data sampling, reduced cabling, and high-resolution data recording capabilities of these components have led to the growth of the hardware segment of the market.
Based on battery type, the battery monitoring system has been segmented into lithium-ion based, lead-acid, and others. The others segment includes nickel-based and flow batteries. The lithium-ion based segment is estimated to hold the largest share of the market in 2019 due to the increasing deployment of lithium-ion batteries in electric vehicles, power tools, and battery backup applications. This segment is expected to grow at the highest CAGR, from 2021 to 2026, due to the increasing electric vehicle sales, wherein lithium-ion batteries are deployed.
In this report, the battery monitoring system has been analyzed with respect to 5 regions, namely, North America, Asia Pacific, Europe, the Middle East & Africa, and South America. The market in North America is expected to lead the global market and is projected to grow at the second highest CAGR from 2016 to 2026.
The Market growth in this region can be attributed to increasing investments in data centers and growing renewable power generation capacities. Countries such as the US and Canada are the key markets for battery monitoring systems in North America.
Objective of the Study:
Some of the leading players in the Global Battery Monitoring System Market are
Years considered for this report:
Report Scope:
Global Battery Monitoring System Market, By Component:
Global Battery Monitoring System Market, By Type:
Global Battery Monitoring System Market, By Battery Type:
Global Battery Monitoring System Market, By End-User:
Global Battery Monitoring System Market, By Region:
For more information about this report visit https://www.researchandmarkets.com/r/bl5lw7
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Combined offering provides the latest lithium-ion battery recycling technology and world-class environmental services to deliver unmatched value
TORONTO--(BUSINESS WIRE)--Li-Cycle Corp. ("Li-Cycle" or "the Company"), an industry leader in lithium-ion battery resource recovery and the largest lithium-ion battery recycler in North America, today announced a partnership with Univar Solutions OnSite Services (“Univar Solutions”), a leader in waste management, to provide waste management solutions for lithium-ion batteries.
Through the partnership, Li-Cycle and Univar Solutions customers will now benefit from a waste management solution for lithium-ion battery waste across multiple manufacturing verticals, including the growing North American electric vehicle manufacturing market. The partnership will leverage Univar Solutions’ expertise in collecting, sorting, and diverting waste on site at such facilities with Li-Cycle becoming a key partner for responsibly managing any lithium-ion battery waste.
"This new partnership with Univar Solutions will enable us to deliver additional value for both new and existing customers by providing them with total waste management solutions as it pertains to lithium-ion batteries," said Ajay Kochhar, co-founder and CEO of Li-Cycle. "We are constantly looking for ways to support our growing customer base and promote more economically and environmentally sustainable lithium-ion battery recycling, which in turn helps create new sources of critical materials for the end-consumer."
Li-Cycle utilizes a commercial process for efficient recovery of critical, finite materials from end-of-life lithium-ion batteries through partnerships with some of the largest automotive and battery manufacturers across the globe. Univar Solutions works at the intersection of science and technology to help create a better world through a focus on developing more processes, culture, products, services and collaborations. Univar Solutions’ OnSite Services team is an industry leader in comprehensive waste and byproduct management programs, servicing the automotive, aerospace, consumer electronics, and other manufacturing sectors.
"At Univar Solutions, our commitment to bringing more sustainable solutions for a better world extends to helping our customers and suppliers achieve their sustainability goals. We are thrilled to partner with an industry leader like Li-Cycle and we look forward to working together," said Stephen Molica, vice president of Services for Univar Solutions. "We believe this partnership will help enhance best-in-class sustainability solutions of our OnSite Services portfolio and look forward to further supporting our customers' important sustainability goals using Li-Cycle's solutions."
The imperative for economically and environmentally sustainable resource recycling is growing in lockstep with the rapid growth of battery manufacturing and aligns with Li-Cycle’s and Univar Solutions’ corporate social responsibilities. Li-Cycle utilizes its proprietary Spoke & Hub Technologies™ to achieve an industry-leading recovery rate and to produce the critical battery materials underpinning the global growth in electric vehicle production.
About Li-Cycle Corp.
Li-Cycle is on a mission to leverage its innovative Spoke & Hub Technologies™ to provide a customer-centric, end-of-life solution for lithium-ion batteries, while creating a secondary supply of critical battery materials. Lithium-ion rechargeable batteries are increasingly powering our world in automotive, energy storage, consumer electronics, and other industrial and household applications. The world needs improved technology and supply chain innovations to better manage battery manufacturing waste and end-of-life batteries and to meet the rapidly growing demand for critical and scarce battery-grade raw materials through a closed-loop solution. For more information, visit https://li-cycle.com/.
On February 16, 2021, Li-Cycle announced its entry into a definitive business combination agreement with Peridot Acquisition Corp. (NYSE: PDAC) ("Peridot"). Upon the closing of the business combination, which is expected in the third quarter of 2021, the combined company will be named Li-Cycle Holdings Corp.
About Univar Solutions
Univar Solutions is a leading global specialty chemical and ingredient distributor representing a premier portfolio from the world's leading producers. With the industry's largest private transportation fleet and North American sales force, unparalleled logistics know-how, deep market and regulatory knowledge, world-class formulation and recipe development, and leading digital tools the company is well-positioned to offer tailored solutions and value-added services to a wide range of markets, industries, and applications. Univar Solutions is committed to helping customers and suppliers innovate and grow together. Learn more at UnivarSolutions.com.
ADDITIONAL INFORMATION AND WHERE TO FIND IT
In connection with the proposed transaction involving Li-Cycle and Peridot, Li-Cycle Holdings Corp. ("Newco") has prepared and filed with the SEC a registration statement on Form F-4 that includes both a prospectus of Newco and a proxy statement of Peridot (the "Proxy Statement/Prospectus"). Once effective, Peridot will mail the Proxy Statement/Prospectus to its shareholders and file other documents regarding the proposed transaction with the SEC. This communication is not a substitute for any proxy statement, registration statement, proxy statement/prospectus or other documents Peridot or Newco may file with the SEC in connection with the proposed transaction. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY THE PROXY STATEMENT/PROSPECTUS WHEN IT BECOMES AVAILABLE, ANY AMENDMENTS OR SUPPLEMENTS TO THE PROXY STATEMENT/PROSPECTUS, AND OTHER DOCUMENTS FILED BY PERIDOT OR NEWCO WITH THE SEC IN CONNECTION WITH THE PROPOSED TRANSACTION BECAUSE THESE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders will be able to obtain free copies of the Proxy Statement/Prospectus and other documents filed with the SEC by Peridot or Newco through the website maintained by the SEC at www.sec.gov.
Investors and securityholders will also be able to obtain free copies of the documents filed by Peridot and/or Newco with the SEC on Peridot's website at www.peridotspac.com or by emailing This email address is being protected from spambots. You need JavaScript enabled to view it..
PARTICIPANTS IN THE SOLICITATION
Li-Cycle, Peridot, Newco, and certain of their respective directors, executive officers and employees may be deemed to be participants in the solicitation of proxies in connection with the proposed transaction. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the solicitation of proxies in connection with the proposed transaction, including a description of their direct or indirect interests, by security holdings or otherwise, is set forth in the Proxy Statement/Prospectus. Information regarding the directors and executive officers of Peridot is contained in Peridot's Annual Report on Form 10-K for the year ended December 31, 2020, filed with the SEC on March 26, 2021 and certain of its Current Reports filed on Form 8-K. These documents can be obtained free of charge from the sources indicated above.
NO OFFER OR SOLICITATION
This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities of Peridot or Newco or a solicitation of any vote or approval. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
Certain statements contained in this communication may be considered forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21 of the Securities Exchange Act of 1934, as amended, including statements regarding the proposed transaction involving Li-Cycle and Peridot and the ability to consummate the proposed transaction. Forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as "may," "will," “should,” “would,” “expect,” “anticipate,” “plan,” “likely”, “believe,” “estimate,” “project,” “intend,” and other similar expressions among others. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation: (i) the risk that the conditions to the closing of the proposed transaction are not satisfied, including the failure to timely or at all obtain shareholder approval for the proposed transaction or the failure to timely or at all obtain any required regulatory clearances, including under the Hart-Scott Rodino Antitrust Improvements Act; (ii) uncertainties as to the timing of the consummation of the proposed transaction and the ability of each of Li-Cycle and Peridot to consummate the proposed transaction; (iii) the possibility that other anticipated benefits of the proposed transaction will not be realized, and the anticipated tax treatment of the combination; (iv) the occurrence of any event that could give rise to termination of the proposed transaction; (v) the risk that stockholder litigation in connection with the proposed transaction or other settlements or investigations may affect the timing or occurrence of the proposed transaction or result in significant costs of defense, indemnification and liability; (vi) changes in general economic and/or industry specific conditions; (vii) possible disruptions from the proposed transaction that could harm Li-Cycle’s business; (viii) the ability of Li-Cycle to retain, attract and hire key personnel; (ix) potential adverse reactions or changes to relationships with customers, employees, suppliers or other parties resulting from the announcement or completion of the proposed transaction; (x) potential business uncertainty, including changes to existing business relationships, during the pendency of the proposed transaction that could affect Li-Cycle’s financial performance; (xi) legislative, regulatory and economic developments; (xii) unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism, outbreak of war or hostilities and any epidemic, pandemic or disease outbreak (including COVID-19), as well as management’s response to any of the aforementioned factors; and (xiii) other risk factors as detailed from time to time in Peridot’s reports filed with the SEC, including Peridot’s annual report on Form 10-K, periodic quarterly reports on Form 10-Q, periodic current reports on Form 8-K and other documents filed with the SEC. The foregoing list of important factors is not exclusive. Neither Li-Cycle nor Peridot can give any assurance that the conditions to the proposed transaction will be satisfied. Except as required by applicable law, neither Li-Cycle nor Peridot undertakes any obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.
Li-Cycle:
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Univar Solutions:
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MILWAUKEE--(BUSINESS WIRE)--Clarios International Inc. (“Clarios”), a world leader in advanced energy storage solutions, today announced the launch of the roadshow for its initial public offering (“IPO”) of 88,080,495 shares of its common stock (the “Common Stock”) and 10,000,000 shares of its series A mandatory convertible preferred stock (the “Mandatory Convertible Preferred Stock”) pursuant to a registration statement on Form S-1 filed with the Securities and Exchange Commission (“SEC”). Clarios’s sponsors, Brookfield Business Partners LP, Caisse de dépôt et placement du Québec and others have indicated that they or their affiliates may purchase up to approximately 26,315,790 shares of Common Stock in the offering at the same price as the price paid by the underwriters in the offering. Additionally, GIC Private Limited has entered into an agreement with Clarios pursuant to which it has agreed to purchase $250 million of Clarios’s common stock in a private placement at a per share price equal to the initial public offering price. Clarios intends to grant the underwriters the right to purchase up to an additional 13,212,074 shares of Common Stock and 1,500,000 shares of Mandatory Convertible Preferred Stock. The IPO price is currently expected to be between $17.00 and $21.00 per share. Clarios has applied to list its Common Stock and Mandatory Convertible Preferred Stock on the New York Stock Exchange under the ticker symbols BTRY and BTRY PRA, respectively.
Clarios intends to use the net proceeds received from the IPO to pay down debt.
BofA Securities and J.P. Morgan are acting as joint lead book-running managers for the offerings and as representatives of the underwriters for the offerings. Barclays, BMO Capital Markets, Credit Suisse, Deutsche Bank Securities, Goldman Sachs & Co. LLC, Citigroup, HSBC, RBC Capital Markets, Scotiabank, TD Securities, CIBC Capital Markets, and Guggenheim Securities are also serving as book-running managers. Credit Agricole CIB, ING, National Bank of Canada Financial Inc., Natixis, Santander and Siebert Williams Shank are acting as co-managers for the proposed offerings.
Each of the proposed offerings will be made only by means of a prospectus. Copies of the preliminary prospectus relating to each offering, when available, may be obtained from: BofA Securities, Attention: Prospectus Department, 200 North College Street, 3rd Floor, Charlotte, NC 28255, telephone: 1-800-294-1322 or email: This email address is being protected from spambots. You need JavaScript enabled to view it.; or J.P. Morgan Securities LLC, Attention: 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..
A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, 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. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended (“Securities Act”). This announcement is being issued in accordance with Rule 134 under the Securities Act.
Forward-Looking Statements
This news release may contain forward-looking statements, which involve risks and uncertainties. Readers are cautioned not to place undue reliance on any of these forward-looking statements. These forward-looking statements speak only as of the date hereof. Clarios undertakes no obligation to update any of these forward-looking statements to reflect events or circumstances after the date of this news release or to reflect actual outcomes, unless required by law.
About Clarios:
Clarios is a world leader in advanced energy storage solutions. We partner with our aftermarket and original equipment customers to meet increasing market demand for smarter applications, on a global scale. Our 16,000 employees develop, manufacture and distribute a portfolio of evolving battery technologies for virtually every type of vehicle. Our technologies deliver uniquely sustainable, next-generation performance, and bring reliability, safety and comfort to everyday lives. We add value at every link in the supply chain, ensuring that up to 99% of the materials in our batteries are recovered, recycled and reused, contributing to the progress of the communities we serve and the planet we all share. Clarios is a subsidiary of Brookfield Business Partners.
Investors:
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James McCusker
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Helena Also Invests $20 Million to Further Expand the Circular Economic Value Proposition of the Company’s Energy Storage Platform and its Breakthrough Remediation Technologies
LOS ANGELES & LUGANO, Switzerland--(BUSINESS WIRE)--#EnergyStorageTower--Global problem-solving organization Helena and Energy Vault, the creator of renewable energy storage products that are transforming the world’s approach to utility-scale energy storage for grid resiliency, today announced a strategic partnership to identify additional opportunities for Energy Vault’s breakthrough waste remediation technologies as the company begins deployment of its innovative energy storage system worldwide.
While supporting Energy Vault’s expansion through Helena’s vast network, the strategic partnership will focus on accelerating adoption by global energy providers of the company’s transformative technology, in particular its advanced material remediation innovations. The unique application of material science to the main energy storage medium – the composite blocks – enables the use of alternative materials to replace environmentally unfriendly substances like concrete, which accounts for 7-8% of greenhouse gas emissions. In addition, the technology can accommodate the recycling of various pre-existing waste materials, which in return helps large utility and industrial companies transform financial and environmental liabilities into infrastructure assets to support their transition to a fully circular economic approach. For example, coal ash waste and retired wind turbine blades can be re-directed from landfills into its custom-made composite blocks that anchor the company’s gravity-powered systems. By maximizing the use of locally sourced soil, sand and waste materials, including outputs from fossil fuel production, Energy Vault’s supply chain design reduces the impact of GHGs from the transport sector while increasing jobs for local economies, the end result being an end-of-life solution for materials that are difficult to break down and can have negative environmental consequences. This beneficial reuse eliminates waste and enables the continual use of local resources within the framework of a circular economy.
This work will build upon the technology and commercial partnership that it previously announced in 2019 with CEMEX Research Group, a subsidiary of global building materials company CEMEX, and supports the collaboration Energy Vault most recently announced earlier this month with leading global energy powerhouse Enel Green Power.
As part of the partnership, which began in late 2020, Helena also announced that it completed a $20 million investment in Energy Vault. Helena’s investment and partnership with Energy Vault is conducted through Helena’s for-profit arm, Helena Special Investments, which operates projects that implement solutions to societal problems through for-profit means. Helena has joined other investors including Saudi Aramco Energy Ventures, SoftBank Vision Fund, CEMEX Ventures, Idealab, and Neotribe Ventures. As part of its investment, Helena Founder and CEO Henry Elkus joined Energy Vault’s board of directors.
"Our job at Helena is to identify and implement solutions to the critical global problems of the next 50 years. It doesn’t get much more critical than radically improving energy storage. It is both a short-term solution to the problems we have seen recently in areas like Texas and a long-term necessity for the world to sustainably transition away from fossil fuels. We believe Energy Vault will play a fundamental role in furthering that transition,” said Helena Founder and CEO Henry Elkus. “We are also supporting Energy Vault’s strategy in addressing another essential problem – remediating waste. The company’s ability to use massive quantities of waste material to construct its systems only makes the impact more real and the business case more viable while also providing utilities a streamlined method to transition out of fossil fuel-based energy production and recycle legacy assets.”
“We are thrilled to partner with Helena in pursuit of our shared mission and mutual passion in accelerating the decarbonization of our planet,” said Robert Piconi, CEO and Co-Founder, Energy Vault. “Given Helena’s focus in taking on the most significant global challenges – in this case the global transition to clean energy production – we are grateful to have them alongside us as both strategic partner and investor. Helena and its global network are already making an impact toward our technology adoption, and our continued work together will help the world to take a vital step towards combating the negative impacts of climate change.”
About Helena
Helena is a global problem-solving organization. Through Helena Projects, Helena seeks to implement solutions to critical societal problems. Since its founding in 2015, Helena Projects have included: America In One Room, which garnered the attention of President Barack Obama and The New York Times for one of the most significant political experiments in U.S. history; Factory in the Sky, which supported the development and construction of the world’s first carbon capture factory; Shield, which worked to protect the electrical grid from foreign and domestic threats; and most recently The Covid Project, which supplied tens of millions units of medical supplies and personal protective equipment to frontline responders during the COVID-19 pandemic. To learn more about Helena, visit helena.org.
About Energy Vault
Energy Vault is the creator of renewable energy storage products that are transforming the world’s approach to utility-scale energy storage for grid resiliency. Applying conventional physics fundamentals of gravity and potential energy, the system combines an innovative crane design that lifts specially designed, massive composite blocks with a proprietary, cloud-based software platform which orchestrates the storage and discharge of electricity. Utilizing 100% eco-friendly materials at unprecedented economics, Energy Vault is accelerating the shift to a fully renewable world.
For more information about Energy Vault, please visit energyvault.com and @EnergyVaultInc.
Helena Media
Catherine Pope
1.855.438.3553
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Energy Vault Media
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Solar industry’s leading MLPE company adds international availability of two new rapid shutdown products to its portfolio for optimization, monitoring, and safety.
CAMPBELL, Calif.--(BUSINESS WIRE)--Tigo Energy, Inc., the solar industry’s leading Flex MLPE (Module Level Power Electronics) supplier, today announced the global market availability of the Tigo TS4-A-F and TS4-A-2F rapid shutdown devices (RSD). The expanded availability of the two products brings fire safety support for industry-leading solar modules up to 700-watts (Tigo TS4-A-F) and for two PV modules up to 500-watts (Tigo TS4-A-2F). With this release, and including the Tigo TS4-A-O, Tigo now has a complete suite of products available worldwide.
The Tigo Energy TS4 platform maximizes the benefit of PV systems for installers. With installations on all continents, from less than 10kW to more than 10MW in size, installation in less than 10-seconds per module, Tigo has a globally proven, trusted, and reliable product portfolio. Additionally, Tigo products can interface with more than 300 inverter models across twenty different suppliers. The company has offered both optimization and rapid shutdown products in North America and now extends that complete portfolio to international markets, augmenting the popular optimization solution with a rapid shutdown option.
With rapid shutdown functionality, system owners, firefighters, and first responders can now safely work without encountering high-voltage DC electricity from solar components. As underscored by an endorsement from Brazilian first responders, the need for PV safe solar is internationally recognized. Rapid shutdown specifications - previously only mandatory in North America - have been adopted in the Philippines, Thailand and Singapore with numerous other countries considering or evaluating similar regulations around the world.
“Tigo has been a leader in MLPE for more than a decade by providing highly reliable solar optimizers around the world,” said Jing Tian, Chief Growth Officer at Tigo Energy. “When the United States codified fire safety with NEC 2014, we began offering Tigo RSD devices for installations requiring rapid shutdown. We are pleased to now offer the single and dual versions of this product internationally as the trend towards PV safe solar makes its way around the world.”
The Tigo TS4-A-F and TS4-A-2F RSD products will be available for purchase directly and from Tigo channel partners starting on July 18, 2021. Interested parties should contact the Tigo sales team at www.tigoenergy.com/contacts.
To learn more about these products in International markets, please attend one of the numerous local Tigo Energy webinars. To read about the Tigo TS4-A-F, download the specification sheet here and for the TS4-A-2F RSD, please find additional details here.
About Tigo Energy
Tigo Energy is the worldwide leader in Flex MLPE (Module Level Power Electronics) with innovative solutions that increase solar energy production, decrease operating costs, and significantly enhance safety of solar energy systems. The Tigo TS4 platform maximizes the benefit of solar and provides customers with the most scalable, versatile, and reliable MLPE solution available. Tigo was founded in Silicon Valley in 2007 to accelerate the adoption of solar energy worldwide. Tigo systems operate on seven continents and produce gigawatt hours of reliable, clean, affordable, and safe solar energy daily. With a global team, Tigo Energy is dedicated to making the best MLPE on earth so more people can enjoy the benefits of solar. Find us online at www.tigoenergy.com.
Media Contact for Tigo
Mike Gazzano
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New branding speaks to the company’s commitment to providing sustainable tech-enabled, and fully integrated logistics services
TORONTO--(BUSINESS WIRE)--Second Closet, a leading Canadian technology-enabled logistics and last-mile delivery provider, today announced its rebrand to Bolt Logistics (“Bolt”). The Bolt name exemplifies its commitment to speed of service, as well as a simplified, customer-centric and sustainable approach to fulfillment, including reliable warehousing, pick and pack operations, shipping, and last-mile delivery services across Canada. This rebrand also signifies the start of a new chapter for the company and aligns with the company’s growth strategy which includes a plan to increase its team to over 1,000 (from 650 current employees) by the end of 2021.
The rebrand to Bolt further reflects the company’s aggressive goals for sustainability, and its mission to leave a smaller environmental footprint. Bolt plans on building the largest electric vehicle fleet in Canada with 10 electric trucks arriving in fall 2021, and another 16 on order for early 2022. Additionally, all warehouses in Toronto, Ottawa, Montreal and Vancouver are equipped with energy-efficient lighting and an optimized circular supply chain to accelerate the company’s goal of carbon negative operations by 2023.
“While the last 16 months have been riddled with change and uncertainty, our commitment to best-in-class integrated logistics services and sustainable last-mile delivery has remained constant and unparalleled,” said Mark Ang, CEO, Bolt. “I continue to be inspired every day by our leadership team who are dedicated to ensuring our customers always remain at the centre of everything we do, and who have been instrumental in achieving this milestone. By continuing to prioritize technology-enabled and energy-efficient operations while growing at lightning speed along the way, our company’s mission of simplifying logistics has never been clearer with Bolt. We are incredibly excited to begin this new chapter and we look forward to continuing to propel the logistics industry forward in the years to come.”
Bolt has seen a 400 per cent revenue growth since Q1 2020, serving clients in key markets including Toronto, Ottawa, Montreal, and Vancouver through its current network of warehouses totalling over 400,000 square feet, and a fleet of 100 trucks. Bolt’s growth strategy also includes plans for U.S. expansion in 2022, which will see additional warehouses and electric vehicle fleet growth.
Bolt’s best-in-class operations offers service that is three-times faster than typical ecommerce fulfillment, with a greater selection of delivery options. In addition to optimizing routes for increased density to reduce miles driven and lower fuel costs, Bolt also increases delivery accuracy by providing retail customers with visibility into order arrival time with real-time truck tracking.
About Bolt Logistics
Founded in 2017, Bolt Logistics (“Bolt”) is a leading Canadian technology-enabled logistics and last-mile delivery provider for businesses of all sizes – from small local e-commerce shops to large national retailers. Bolt provides a customer-centric and sustainable approach to fulfilment, including reliable warehousing, pick and pack, shipping, and last-mile delivery. By operating as an extension of every customers’ team, Bolt delivers best-in-class services every step of the way, ensuring faster, more cost-effective, and complete customer deliveries. Bolt also strives to be carbon negative by 2023 and is building Canada’s largest electric vehicle fleet. For more information on why Canada’s largest box mattress companies, furniture businesses and e-commerce entrepreneurs trust Bolt as their fulfilment partner, visit gobolt.com.
For more information:
Catherine Snider
Kaiser & Partners
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416-419-8333
HOUSTON--(BUSINESS WIRE)--#EPC--S&B Engineers and Constructors, Ltd. (S&B) announces it has acquired majority ownership of Bibb Engineers, Architects, & Constructors (Bibb). The acquisition extends S&B’s engineering, procurement and construction expertise in key markets and geographies.
“Acquiring Bibb and broadening S&B’s portfolio are the right steps for S&B to meet the power market demands,” said David Taylor, Chief Operations Officer of S&B. “We look forward to this new chapter in our company’s history as we continue to deliver projects with even greater certainty—safely, on time and within budget.”
Bibb’s 40-member team, located in Kansas City, Missouri, will join S&B. Established in 2003, Bibb has grown into a formidable player with a solid reputation providing engineering, architectural and design services in the power and industrial sectors. Bibb also focuses on alternative fuels and manufacturing facility projects.
“This is the best move for Bibb, enabling us to continue to grow as part of a larger company with enhanced resources and expertise to serve our clients better,” said Bob Bibb, President and Chief Executive Officer of Bibb. He will stay involved in the organization as a minority owner.
The transaction details will remain undisclosed.
About S&B Engineers and Constructors, Ltd.
S&B Engineers and Constructors, Ltd. is one of the leading engineering, procurement, and construction firms in the United States, with more than 50 years of experience. S&B designs and builds world-scale projects in NGL fractionation, refining, petrochemicals, polymers, export terminals and pipelines. For more on S&B, visit www.sbec.com or Linkedin.
Lindsay Burke, Director of Communications and Marketing
S&B Engineers and Constructors, Ltd.
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518.879.2101
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