Joule article highlights the need for Advent’s next-generation fuel cell technology to increase payload space, fast fueling and adequate fuel storage for long-range applications by relying on liquid hydrogen carriers

BOSTON--(BUSINESS WIRE)--Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent”) today announced that an article co-authored by a group including Dr. Emory De Castro, Advent Technologies’ Chief Technology Officer, has been published in Joule, A Cell Press journal. The article presents the group’s perspective on near-, mid-, and long-term targets for proton conductors of heavy-duty fuel cells.

In addition to De Castro, the article was led by Craig S. Gittleman, Global Fuel Cell Business at General Motors, and included Hongfei Jia, Material Research Department at Toyota Research Institute of North America, Calum Chisholm, SAFCell, and Yu Seung Kim, Research Scientist at Los Alamos National Laboratory.

The article is titled “Proton Conductors for Heavy-Duty Vehicle Fuel Cells” and can be found in full at Joule 5, 1–18, July 21, 2021. The summary of the article can be found below:

Fuel cells utilize the chemical energy of liquid or gaseous fuels to generate electricity. As fuel cells extend their territory to include heavy-duty vehicles, new demands for proton conductors, a critical component of fuel cells, have emerged. A near-term need is ensuring the chemical and mechanical stability of proton exchange membranes to enable long lifetime vehicles. In the mid-term, achieving stable conductivity of proton conductors under hot (>100°C) and dynamic fuel cell operating conditions is desirable. In the long term, targeting high thermal stability and tolerance to water enables the utilization of high energy density liquid fuels that will increase payload space for heavy-duty vehicles.

“We are thrilled that our article was approved for submission in Joule,” commented De Castro. “The article highlights the need for Advent’s fuel cell technology due to our high-temperature proton exchange membrane (“HT-PEM”) fuel cells that leads to fulfilling our flexible ‘Any Fuel. Anywhere.’ option. Through the adoption of liquid fuel hydrogen carriers, Advent’s technology will bridge the gap in the timeline for developing a hydrogen infrastructure while offering fast fueling, increased payload space and adequate fuel storage for long-range applications in the automotive, maritime, aviation and power generation sectors.”

Joule, a sister journal to Cell, is a home for outstanding and insightful research, analysis and ideas addressing a key global challenge: the need for more sustainable energy. The journal is a distinctive and forward-looking journal, bridging disciplines and scales of energy research. Joule connects all who are researching and analyzing the challenges — scientific, technical, economic, policy and social — of providing sustainable energy solutions.

About Advent Technologies Holdings, Inc.

Advent Technologies Holdings, Inc. is a U.S. corporation that develops, manufactures, and assembles critical components for fuel cells and advanced energy systems in the renewable energy sector. Advent is headquartered in Boston, Massachusetts, with offices in the San Francisco Bay Area and Europe. With 120-plus patents issued (or pending) for its fuel cell technology, Advent holds the IP for next-generation high-temperature proton exchange membranes (“HT-PEM”) that enable various fuels to function at high temperatures under extreme conditions – offering a flexible “Any Fuel. Anywhere.” option for the automotive, maritime, aviation and power generation sectors. For more information, please visit www.advent.energy.

Cautionary Note Regarding Forward-Looking Statements

This press release includes forward-looking statements. These forward-looking statements generally can be identified by the use of words such as “anticipate,” “expect,” “plan,” “could,” “may,” “will,” “believe,” “estimate,” “forecast,” “goal,” “project,” and other words of similar meaning. Each forward-looking statement contained in this press release is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statement. Applicable risks and uncertainties include, among others, the Company’s ability to maintain the listing of the Company’s common stock on Nasdaq; future financial performance; public securities’ potential liquidity and trading; impact from the outcome of any known and unknown litigation; ability to forecast and maintain an adequate rate of revenue growth and appropriately plan its expenses; expectations regarding future expenditures; future mix of revenue and effect on gross margins; attraction and retention of qualified directors, officers, employees and key personnel; ability to compete effectively in a competitive industry; ability to protect and enhance our corporate reputation and brand; expectations concerning our relationships and actions with our technology partners and other third parties; impact from future regulatory, judicial and legislative changes to the industry; ability to locate and acquire complementary technologies or services and integrate those into the Company’s business; future arrangements with, or investments in, other entities or associations; and intense competition and competitive pressure from other companies worldwide in the industries in which the Company will operate; and the risks identified under the heading “Risk Factors” in our Annual Report on Form 10-K/A filed with the Securities and Exchange Commission on May 20, 2021, as well as the other information we file with the SEC. We caution investors not to place considerable reliance on the forward-looking statements contained in this press release. You are encouraged to read our filings with the SEC, available at www.sec.gov, for a discussion of these and other risks and uncertainties. The forward-looking statements in this press release speak only as of the date of this document, and we undertake no obligation to update or revise any of these statements. Our business is subject to substantial risks and uncertainties, including those referenced above. Investors, potential investors, and others should give careful consideration to these risks and uncertainties.

Advent Technologies Holdings, Inc.
Elisabeth Maragoula
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Sloane & Company
James Goldfarb / Emily Mohr
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SAN ANTONIO--(BUSINESS WIRE)--NuStar Energy L.P. (NYSE: NS) announced today that Brad Barron, President and Chief Executive Officer; Tom Shoaf, Executive Vice President and Chief Financial Officer; Danny Oliver, Executive Vice President of Business Development & Engineering; Amy Perry, Executive Vice President of Strategic Development; Pam Schmidt, Vice President of Investor Relations, and other members of management will participate in virtual meetings with members of the investment community at the 2021 Citi One-on-One Midstream / Energy Infrastructure Conference on Wednesday, August 18, 2021 and Thursday, August 19, 2021. The materials to be discussed in the meetings will be available on the partnership’s website at 10:30 a.m. Eastern Time, Wednesday, August 18, 2021.

NuStar Energy L.P., a publicly traded master limited partnership based in San Antonio, Texas, is one of the largest independent liquids terminal and pipeline operators in the nation. NuStar currently has approximately 10,000 miles of pipeline and 73 terminal and storage facilities that store and distribute crude oil, refined products, renewable fuels, ammonia and specialty liquids. The partnership’s combined system has approximately 72 million barrels of storage capacity, and NuStar has operations in the United States, Canada and Mexico. For more information, visit NuStar Energy L.P.’s website at www.nustarenergy.com and its Sustainability page at www.nustarenergy.com/Sustainability.

NuStar Energy, L.P., San Antonio
Investors, Pam Schmidt, Vice President, Investor Relations
Investor Relations: 210-918-INVR (4687)
or
Media, Mary Rose Brown, Executive Vice President and Chief Administrative Officer,
Corporate Communications: 210-918-2314/210-410-8926

NuScale Power and Xcel Energy agree to examine future partnerships

PORTLAND, Ore.--(BUSINESS WIRE)--NuScale Power, LLC (NuScale) is pleased to announce it has signed a memorandum of understanding (MOU) with Xcel Energy Inc. (Xcel Energy), a leading energy utility provider, to explore the feasibility of Xcel Energy serving as a plant operator at NuScale Plants.

NuScale is a leader in developing advanced small modular reactors that are considered the next generation of carbon-free nuclear plants. NuScale is seeking an experienced nuclear plant operator to provide potential customers with the operational support needed to generate carbon-free energy using advanced reactor technology.

Under the MOU, the two parties will examine the potential for Xcel Energy to become NuScale’s preferred partner to provide a suite of operational power plant services to NuScale customers based on Xcel Energy’s exceptional nuclear operational management systems. The MOU does not include a formal operating agreement, but it creates a framework for negotiating definitive agreements for Xcel Energy and NuScale to work together.

“As demand for carbon-free, reliable energy grows, NuScale continues to lead the pack as the most innovative, game-changing technology solution that can make a real difference for generations,” said NuScale Chairman and Chief Executive Officer John Hopkins. “This agreement underscores NuScale’s ability to provide our customers not just with technology but also with the world-class operational support needed to ensure that countries, governments, utilities, and customers can provide the clean energy solution our communities need to thrive.”

Xcel Energy, which has more than 50 years’ experience operating nuclear plants, is the owner and operator of two of the highest performing nuclear plants in the country, both located in Minnesota.

“As the first major energy provider to announce a 100% carbon-free vision, we understand the need for new technologies to meet the need for always on, carbon-free electricity,” said Pete Gardner, senior vice president and chief nuclear officer, Xcel Energy. “We’re excited to explore a potential partnership with NuScale that advances the next generation of nuclear energy, a technology that has the potential to provide the reliable, carbon-free electricity needed for a clean energy future.”

NuScale made history in August 2020 as the first and only SMR design to ever receive approval from the U.S. Nuclear Regulatory Commission, and in July 2021 the NRC published the proposed final rule certifying the NuScale Plant design. NuScale maintains strong momentum towards the commercialization of its SMR technology by the end of this decade. NuScale and Fluor are currently working for Utah Associated Municipal Power Systems (UAMPS) to bring the world’s first clean energy, carbon-free SMR project to commercialization.

About NuScale Power

NuScale Power has developed a new modular light water reactor nuclear power plant to supply energy for electrical generation, district heating, desalination, and other process heat applications. This groundbreaking small modular reactor (SMR) design features a fully factory-fabricated NuScale Power Module™ capable of generating 77 MW of electricity using a safer, smaller, and scalable version of pressurized water reactor technology. NuScale's scalable design—power plants that can house up to four, six, or 12 individual power modules—offers the benefits of carbon-free energy and reduces the financial commitments associated with gigawatt-sized nuclear facilities. The majority investor in NuScale is Fluor Corporation, a global engineering, procurement, and construction company with a 70-year history in commercial nuclear power.

NuScale is headquartered in Portland, OR and has offices in Corvallis, OR; Rockville, MD; Charlotte, NC; Richland, WA; and London, UK. Follow us on Twitter: @NuScale_Power, Facebook: NuScale Power, LLC, LinkedIn: NuScale-Power, and Instagram: nuscale_power. Visit NuScale Power's website.

About Xcel Energy

Xcel Energy (NASDAQ: XEL) provides the energy that powers millions of homes and businesses across eight Western and Midwestern states. Headquartered in Minneapolis, the company is an industry leader in responsibly reducing carbon emissions and producing and delivering clean energy solutions from a variety of renewable sources at competitive prices. For more information, visit www.xcelenergy.com or follow us on Twitter or Facebook.

Diane Hughes, Vice President, Marketing & Communications, NuScale Power
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(C) (503) 270-9329

Xcel Energy Media Relations
612-215-5300
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DALLAS--(BUSINESS WIRE)--New Concept Energy, Inc. (NYSE American: GBR), a Dallas-based real estate investment company, today reported results of operations for the second quarter ended June 30, 2021.

For the three months ended June 30, 2021, the Company reported net income from continuing operations of $49,000 as compared to net loss of $57,000 from continuing operations for the same period ended 2020.

For the three months ended June 30, 2020 the Company recorded a loss from discontinued operations of $80,000 for the oil and gas operations that were sold in August 2020.

The Company reported net income applicable to common shares of $49,000 or $0.01 per share for three months ended June 30, 2021, as compared to a net loss of $137,000 or $0.03 per share for the similar period in 2020.

The Company leases a portion of its property in West Virginia. For the three months ended June 30, 2021 and June 30, 2020 the Company recorded rental Income of $26,000.

For the three months ended June 30, 2021, corporate general & administrative expenses were $111,000 as compared to $127,000 for the comparable periods in 2020. The decrease was due to an overall reduction of administrative expenses.

Included in other income for the three months ended June 30, 2021 is $100,000 which represents the sale of a receivable that had previously been fully reserved.

About New Concept Energy, Inc.

New Concept Energy, Inc., a Dallas-based real estate in West Virginia. For more information, visit the Company’s website at www.newconceptenergy.com.

New Concept Energy, Inc.
Gene Bercher, (800) 400-6407
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ATHENS, Greece--(BUSINESS WIRE)--Danaos Corporation (the "Company") (NYSE: DAC) today announced that it has entered into new charter agreements for 10 of its vessels, including one 8,500 TEU vessel, three 3,400 TEU vessels and six 2,200 vessels, for charter periods ranging from 3 to 4 years. The charters will commence as existing charters expire between January and August of 2022. The new charters increase the Company’s contracted revenue backlog by approximately $378 million, or 21.5% compared to the Company’s $1.75 billion backlog as of June 30, 2021 and increase contracted EBITDA by approximately $280 million.

The Company’s CEO, Dr. John Coustas commented:

“We are very pleased to have significantly increased our contracted backlog by securing multi-year charters for 10 of our vessels. Not only have we achieved charter coverage for 100% of our operating days in 2021, we have already contracted 89% of our operating days for 2022 and 60% for 2023. In the process, we have further enhanced our earnings and cash flow visibility, which will in turn result in further strengthening of our balance sheet. We will continue to work to secure additional charter extensions during the strong market environment in order to maximize our profitability and create value for our shareholders.”

About Danaos Corporation

Danaos Corporation is one of the largest independent owners of modern, large-size containerships. Our fleet of 71 containerships aggregating 436,589 TEUs, including the additional six 5,466 TEU containerships we have agreed to acquire which are expected to be delivered through October 15, 2021, ranks Danaos among the largest containership charter owners in the world based on total TEU capacity. Our fleet is chartered to many of the world’s largest liner companies on fixed-rate charters. Danaos Corporation’s shares trade on the New York Stock Exchange under the symbol “DAC”.

Forward-Looking Statements

Matters discussed in this release may constitute forward-looking statements within the meaning of the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements reflect the current views of Danaos Corporation (including subsidiaries unless indicated or the context requires otherwise, the “Company,” “we,” “us,” and “our”) with respect to future events and financial performance and may include statements concerning our operations, cash flows, financial position, including with respect to vessel and other asset values, plans, objectives, goals, strategies, future events, performance or business prospects, changes and trends in our business and the markets in which we operate, and underlying assumptions and other statements, which are other than statements of historical facts. The forward-looking statements in this release are based upon various assumptions. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the impact of the novel coronavirus 2019 (“COVID-19”) pandemic and efforts throughout the world to contain its spread, including effects on global economic activity, demand for seaborne transportation of containerized cargo, the ability and willingness of charterers to fulfill their obligations to us, charter rates for containerships, shipyards performing scrubber installations, drydocking and repairs, changing vessel crews and availability of financing, the effects of its debt refinancing transactions, the Company’s ability to achieve the expected benefits of its refinancing transactions and comply with the terms of its credit facilities and other agreements entered into in connection with the such refinancing, the strength of world economies and currencies, general market conditions, including changes in charter hire rates and vessel values, charter counterparty performance, changes in demand that may affect attitudes of time charterers to scheduled and unscheduled drydocking, changes in our operating expenses, including bunker prices, dry-docking and insurance costs, ability to obtain financing and comply with covenants in our financing arrangements, actions taken by regulatory authorities, potential liability from pending or future litigation, domestic and international political conditions, potential disruption of shipping routes due to accidents and political events or acts by terrorists.

Risks and uncertainties are further described in reports filed by Danaos Corporation with the U.S. Securities and Exchange Commission.

The forward-looking statements and information contained in this announcement are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

Company:

Evangelos Chatzis
Chief Financial Officer
Danaos Corporation
Athens, Greece
Tel.: +30 210 419 6480
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Iraklis Prokopakis
Senior Vice President and Chief Operating Officer
Danaos Corporation
Athens, Greece
Tel.: +30 210 419 6400
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Investor Relations and Financial Media

Rose & Company
New York
Tel. 212-359-2228
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Reporting strong growth and margin improvement

MINNETONKA, Minn.--(BUSINESS WIRE)--Communications Systems, Inc. (NASDAQ: JCS) (“CSI” or the “Company”), which has operated as a global IoT intelligent edge products and services company, today announced consolidated financial results for the second quarter (“Q2”) ended June 30, 2021, including a discussion of results of operations by segment.

Management Comments for Q2 2021

Roger Lacey, CSI’s Interim CEO and Chairman of the Board, commented, “During Q2 2021 we continued to grow revenues and improving gross margins despite global supply chain disruptions resulting from the COVID-19 pandemic, which somewhat constrained our ability to receive inventory on time and affected our customer shipment deadlines. Our total consolidated sales for second quarter, as compared to the same quarter of last year, increased by 14% and gross margin improved by 32%.”

Mr. Lacey, noted, “During the quarter, we also made significant progress towards our goal of completing the previously announced merger transaction with Pineapple Energy, LLC (“Pineapple”), a growing U.S. operator and consolidator of residential solar, battery storage, and grid services solutions. On April 28, 2021, we signed a definitive agreement to sell our Transition Networks and Net2Edge businesses, which comprised substantially all of the assets of the Company’s Electronics & Software Segment, to Lantronix, Inc. (Nasdaq: LTRX) (“Lantronix”). In late July 2021, we received shareholder approval and subsequently fulfilled other customary conditions and completed the sale of these assets on August 2, 2021. At closing, CSI received a $24.16 million cash payment, which was based on a $25.0 million closing payment, as adjusted by estimated closing net working capital. This amount may be further adjusted to reflect the final closing net working capital amount. Also, up to an additional $7.0 million may be paid by Lantronix to CSI in earnouts based on revenue milestones for the Transition Networks and Net2Edge businesses in the two 180-day periods following the closing of the sale.”

Mr. Lacey added, “As previously announced, we plan to distribute available sale proceeds from any pre-merger divestitures, together with other available cash in the form of a cash dividend to existing CSI shareholders prior to the effective date of the Pineapple merger. CSI’s balance sheet at June 30, 2021 included cash, cash equivalents, and liquid investments of $21.1 million and the sale of assets to Lantronix for $24.16 million, further increased our cash position. Currently, we intend to distribute $3.50 per share or approximately $35.0 million, consisting of proceeds from the sale of the E&S Segment businesses and other available cash prior to the closing of the CSI-Pineapple merger. We expect to announce more information about the payment of this proposed dividend within the next 30 days.”

For more information about the previously announced CSI-Pineapple merger visit https://www.commsystems.com/investor-resources.

Q2 2021 Summary

• Q2 2021 consolidated sales from continuing operations increased by 14% to $11.0 million compared to $9.6 million in Q2 2020.
• Q2 2021 consolidated gross profit increased by 32% to $4.6 million from $3.5 million in the same period of 2020. Gross margin also increased to 41.9% in Q2 2021 from 36.1% in Q2 2020.
• Q2 2021 consolidated operating loss from continuing operations was $1.66 million compared to a Q2 2020 consolidated operating loss from continuing operations of $1.65 million.
  • Electronics & Software operating income was $511,000 as compared to operating loss of $543,000 in Q2 2020.
  • Services & Support operating loss was $230,000 compared to operating income of $60,000 in Q2 2020.
  • Other operating expenses were $1.9 million, compared to $1.2 million of other operating expenses in Q2 2020, with the increase due to merger and business segment sale projects related to the planned merger transaction with Pineapple.
• There was no income or loss from discontinued operations in Q2 2021 compared to a loss of $569,000 from discontinued operations in Q2 2020.
• Q2 2021 net loss was $1.9 million, or ($0.20) per diluted share, compared to a net loss of $1.9 million, or ($0.21) per diluted share, in Q2 2020.
• At June 30, 2021, cash, cash equivalents, and liquid investments totaled $21.1 million and working capital was $26.6 million.

Q2 2021 Segment Financial Overview

Electronics & Software

Electronics & Software sales increased 12% to $9,307,000 in the second quarter of 2021 compared to $8,287,000 in 2020. The Electronics & Software segment organizes its sales force by vertical markets and segments its customers geographically. Sales in North America increased $823,000, or 12%, primarily due to increased demand for our Intelligent edge solutions (“IES”) products and a smaller impact from the COVID-19 pandemic, partially offset by continued supply chain constraints. International sales increased $197,000, or 14%, primarily due to growth in the Asia Pacific region of sales of our traditional products. Sales of IES products increased 25% or $756,000 due both to a sales uptick in our core IES media converter products to federal agencies and a sales uptick in our Switch products used in security and surveillance applications. Traditional product sales increased 5% or $264,000 due to prior-year delayed project spending by customers due to the COVID-19 pandemic.

Gross profit on second quarter sales increased to $4,103,000 in 2021 from $3,095,000 in 2020. Gross margin increased to 44.1% in the second quarter of 2021 from 37.3% in 2020 primarily due to favorable product mix, including some higher margin sales on IES products and our ability to leverage our fixed operating costs on higher sales volume. Selling, general and administrative expenses decreased 1% to $3,592,000, or 38.6% of sales, in the second quarter of 2021 compared to $3,638,000, or 43.9% of sales, in the second quarter of 2020 due to reduced personnel expenses.

Electronics & Software reported operating income of $511,000 in the second quarter of 2021 compared to an operating loss of $543,000 in 2020, primarily due to higher sales and gross margin.

Services & Support

Services & Support sales increased 20% to $1,883,000 in the second quarter of 2021 compared to $1,525,000 in the second quarter of 2020. Revenues from the education sector decreased $541,000 or 86% in the second quarter of 2021 as compared to the 2020 second quarter due to the substantial completion of projects from the Company’s Florida school district customer in 2020. The Company was not selected as the primary vendor on the next multi-year project for this school district, but has been selected as the secondary vendor for structured cabling and enterprise networking.

Revenue from sales to small and medium–sized businesses (“SMBs’’), which are primarily financial, healthcare and commercial clients, increased $890,000 or 125% in the second quarter of 2021 as compared to the second quarter of 2020 due to the acquisition of Ecessa on May 14, 2020 and the acquisition of the assets of IVDesk on November 3, 2020. Project and product revenue decreased $501,000 or 67% in the second quarter of 2021 as compared to the second quarter of 2020 due primarily to the decrease in the education sector. Services and support revenue increased $809,000 or 104% as compared to the same period of the prior year due to the Company’s acquisition of Ecessa and its service and support revenue on its SD-WAN products as well as the acquisition of IVDesk, which contributed $616,000 in revenue during the quarter. Overall, Ecessa contributed $517,000 in revenue during the first six months, an increase of $252,000 over the same period of the prior year.

Gross profit increased 19% to $648,000 in the second quarter of 2021 compared to $543,000 in the same period in 2020. Gross margin was in line with prior year with 35.4% in the second quarter of 2021 compared to 35.6% in 2020. Selling, general and administrative expenses increased 82% in the second quarter of 2021 to $878,000, or 47.9% of sales, compared to $483,000, or 31.7% of sales, in the second quarter of 2020 due to general and administrative costs related to the May 2020 acquisition of Ecessa and the November 2020 acquisition of IVDesk that were not included in the prior year, including $110,000 of amortization expense.

Services & Support reported an operating loss of $230,000 in the second quarter of 2021 compared to operating income of $60,000 in the same period of 2020, primarily due to lower revenue from the education sector as well as increased selling, general and administrative expenses, including amortization expense.

Discontinued Operations – Suttle

On March 11, 2020, CSI announced that its Suttle, Inc. subsidiary had sold the remainder of its business lines including inventory, related capital equipment, intellectual property, and customer relationships to a third party for $8.0 million in cash, with a net working capital adjustment. As a result, CSI recognized a loss from discontinued operations of $569,000 in Q2 2020, and had no income or loss from discontinued operations in Q2 2021.

Financial Condition

CSI’s balance sheet at June 30, 2021 included cash, cash equivalents, and liquid investments of $21.1 million, working capital of $26.6 million, and stockholders’ equity of $43.9 million.

Form 10-Q

For further information, please see the Company’s Form 10-Q, which will be filed on or about August 16, 2021.

About Communications Systems

Communications Systems, Inc., which has operated as an IoT intelligent edge products and services company, with its planned merger with Pineapple Energy will be positioned to acquire and grow leading local and regional solar, storage, and energy services companies nationwide. The vision is to power the energy transition through grass-roots growth of solar electricity paired with battery storage on consumers' homes.

Forward-Looking Statements

This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding future financial performance, future growth and future acquisitions. These statements are based on Communications Systems’ current expectations or beliefs and are subject to uncertainty and changes in circumstances. There can be no guarantee that the previously announced proposed CSI- Pineapple Energy merger transaction will be completed, or that it will be completed as currently proposed, or at any particular time. Actual results may vary materially from those expressed or implied by the statements here due to changes in economic, business, competitive or regulatory factors, and other risks and uncertainties affecting the operation of Communications Systems’ business, as well as the business of Pineapple Energy. These risks, uncertainties and contingencies are presented in the Company’s Annual Report on Form 10-K and, from time to time, in the Company’s other filings with the Securities and Exchange Commission. The information set forth herein should be read considering these risks. Further, investors should keep in mind that the Company’s financial results in any period may not be indicative of future results. Communications Systems is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether because of new information, future events, changes in assumptions or otherwise. Current factors include:

• up to $7 million of the purchase price from the sale of E&S segment businesses is structured in the form of an earnout based on revenues generated by Lantronix in the 360 days following closing, and there is no guaranty that sufficient revenues will be recognized for the earnout to be paid to the Company;
• As a result of the August 2, 2021 sale of its E&S segment business to Lantronix the Company will no longer be allocating a portion of its general and administrative expenses to this segment. Therefore, the Company expects its non-allocated general and administrative expenses, which are separately accounted for as “Other,” to increase in the second half of 2021;
• conditions to the closing of the previously announced CSI-Pineapple merger transaction may not be satisfied or the merger may involve unexpected costs, liabilities or delays;
• related to the CSI-Pineapple merger transaction, the Company’s ability to successfully sell its other existing operating business assets and its real estate assets at a value close to their current fair market value and distribute these proceeds to its existing shareholder base;
• the fact that the continuing CSI-Pineapple entity will be entitled to retain ten percent of the net proceeds of CSI legacy assets that are sold pursuant to any agreements entered into after the effective date of the CSI-Pineapple closing;
• the occurrence of any other risks to consummation of the CSI-Pineapple merger transaction, including the risk that the CSI-Pineapple merger transaction will not be consummated within the expected time period or any event, change or other circumstances that could give rise to the termination of the CSI-Pineapple merger transaction;
• risks that the CSI-Pineapple merger transaction will disrupt current CSI plans and operations or that the business or stock price of CSI may suffer as a result of uncertainty surrounding the CSI-Pineapple merger transaction;
• the outcome of any legal proceedings related to the CSI-Pineapple merger transaction; and
• the fact that CSI cannot yet determine the exact amount and timing of any pre-CSI-Pineapple merger transaction or the value of the Contingent Value Rights that CSI intends to distribute to its shareholders immediately prior to the effective date of the CSI-Pineapple merger.

Communications Systems, Inc.
Roger H. D. Lacey
Executive Chair and Interim Chief Executive Officer
952-996-1674

Mark D. Fandrich
Chief Financial Officer
952-582-6416
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The Equity Group Inc.
Lena Cati
Vice President
212-836-9611
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Devin Sullivan
Senior Vice President
212-836-9608
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• Gallagher will lead efforts focused on commercialization and delivery of Hyliion’s products to the market
• Global industry veteran brings decades of experience overseeing businesses in manufacturing and heavy-duty trucking industries

AUSTIN, Texas--(BUSINESS WIRE)--Hyliion Holdings Corp. (NYSE: HYLN) (“Hyliion”), a leader in electrified powertrain solutions for Class 8 commercial semi-trucks, has announced that Dennis M. Gallagher has joined the company as Chief Operating Officer. Gallagher brings over 20 years of experience leading high-performing business units with a focus on global manufacturing and commercial vehicles. He will oversee aspects of Hyliion’s commercialization process.

“Dennis’ experience in the heavy-duty commercial vehicle space will be invaluable as we continue to expand and achieve important milestones in our commercialization efforts, and we are pleased to bring an executive of his caliber on board,” said Hyliion CEO Thomas Healy. “He is a seasoned and trusted leader with a laser focus on operational excellence. As COO, he will work closely with me and the rest of our leadership team and will be responsible for implementing industry-leading operational practices to optimize our robust Hypertruck ERX commercialization process.”

Gallagher has extensive background in strategic planning, growth initiatives, and process implementation in the commercial vehicle and automation industries. He joins Hyliion from Jacobs Vehicle Systems, where he served as President of the industry-leading supplier to the heavy-duty commercial truck market. Previously in his career, he has held executive roles within Danaher and Fortive where he successfully led a number of global business units. Gallagher graduated from the University of Lowell with a B.S. in Electrical Engineering.

Gallagher also brings a deep network of relationships with market leading commercial OEMs. He knows industry leaders well and these relationships will be valuable for Hyliion to leverage as it continues upon its path to commercialization.

Gallagher said, “I am excited to join the Hyliion team at this important point in the company’s evolution and to help capitalize on the enormous potential of our proprietary technology. I am energized by the company’s mission and grateful for the opportunity to drive our vision forward by bringing Hyliion products from manufacturers to commercial fleets.”

About Hyliion

Hyliion’s mission is to reduce the carbon intensity and greenhouse gas (GHG) emissions of Class 8 commercial trucks by being a leading provider of electrified powertrain solutions. Leveraging advanced software algorithms and data analytics capabilities, Hyliion offers fleets an easy, efficient system to decrease fuel and operating expenses while seamlessly integrating with their existing fleet operations. Headquartered in Austin, Texas, Hyliion designs, develops, and sells electrified powertrain solutions that are designed to be installed on most major Class 8 commercial trucks, with the goal of transforming the commercial transportation industry’s environmental impact at scale. For more information, visit www.hyliion.com.

Forward Looking Statements

The information in this press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, regarding Hyliion and its future financial and operational performance, as well as its strategy, future operations, estimated financial position, estimated revenues, and losses, projected costs, prospects, plans and objectives of management are forward looking statements. When used in this press release, including any oral statements made in connection therewith, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, Hyliion expressly disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements herein, to reflect events or circumstances after the date of this press release. Hyliion cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Hyliion. These risks include, but are not limited to, Hyliion’s ability to disrupt the powertrain market, Hyliion’s focus in 2021 and beyond, the effects of Hyliion’s dynamic and proprietary solutions on its commercial truck customers, accelerated commercialization of the Hypertruck ERX, the ability to meet 2021 and future product milestones, the impact of COVID-19 on long-term objectives, the ability to reduce carbon intensity and greenhouse gas emissions and the other risks and uncertainties set forth in “Risk Factors” section of Hyliion’s annual report on Form 10-K/A filed with the Securities and Exchange Commission (the “SEC”) on May 17, 2021 for the year ended December 31, 2020. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Should one or more of the risks or uncertainties described in this press release occur, or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. Additional information concerning these and other factors that may impact Hyliion’s operations and projections can be found in its filings with the SEC. Hyliion’s SEC Filings are available publicly on the SEC’s website at www.sec.gov, and readers are urged to carefully review and consider the various disclosures made in such filings.

Hyliion Holdings Corp.
Press
Ryann Malone
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(833) 495-4466

Investors
Louis Baltimore
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VIENNA, Va. & RESTON, Va.--(BUSINESS WIRE)--NavSight Holdings Inc. (“NavSight”) (NYSE: NSH) today announced that its stockholders approved all proposals related to the previously announced merger, (the “Business Combination”) with Spire Global, Inc. (“Spire Global”, “Spire”, or “the Company”), a leading global provider of space-based data, analytics and space services, at a special meeting of stockholders held today. A Form 8-K disclosing the full voting results is expected to be filed with the Securities and Exchange Commission.

The closing of the Business Combination is anticipated to occur on August 16, 2021. Following closing, the combined company will be known as Spire Global, Inc. and is expected to trade on the New York Stock Exchange under the new ticker symbol “SPIR.”

The previously announced Business Combination is expected to provide approximately $265 million in cash proceeds to Spire through the merger, inclusive of a $245 million PIPE.

About Spire Global, Inc.

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

About NavSight Holdings, Inc.

NavSight (NYSE: NSH) is a newly organized blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

Additional Information and Where to Find It

This press release relates to the Business Combination involving NavSight and Spire. In connection with the proposed Business Combination (the “Proposed Transaction”), NavSight has filed a registration statement on Form S-4 (File No. 333-256112) (the “Registration Statement”), which includes a proxy statement which has been distributed to holders of NavSight’s common stock in connection with NavSight’s solicitation of proxies for the vote by NavSight’s stockholders with respect to the Proposed Transaction and other matters as described in the Registration Statement, a prospectus relating to the offer of the securities to be issued to Spire’s stockholders in connection with the Proposed Transaction, and an information statement to Spire’s stockholders regarding the Proposed Transaction. Investors and security holders may obtain free copies of the proxy statement/prospectus/information statement and other documents filed with the SEC by NavSight through the website maintained by the SEC at http://www.sec.gov, or by directing a request to: NavSight Holdings, Inc., 12020 Sunrise Valley Drive, Suite 100, Reston, VA 20191.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 including with respect to the Business Combination. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this communication. Such factors can be found in NavSight’s most recent filings with the SEC, which are available, free of charge, at the SEC’s website at http://www.sec.gov, and also in the Registration Statement on Form S-4 and NavSight’s definitive proxy statement/prospectus relating to the Business Combination.

This press release is not intended to be all-inclusive or to contain all the information that a person may desire in considering an investment in NavSight and is not intended to form the basis of an investment decision in NavSight. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect us or the Business Combination with Spire. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made, and NavSight and Spire undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, changes in expectations, future events or otherwise.

For Spire Global, Inc.:
Hillary Yaffe
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For NavSight Holdings, Inc.:
Jack Pearlstein
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Helbiz unveils new prototype of e-scooter intended for sale to consumers worldwide

NEW YORK--(BUSINESS WIRE)--#Helbiz--Helbiz Inc. (NASDAQ: HLBZ), a global leader in micro-mobility, today announced the launch of its first electric scooter intended for sale, Helbiz One. The e-scooter prototype was developed through a collaboration with international design house and emblem of Italian style, Pininfarina, and MT Distribution, a leader in the design and production of urban micro-mobility solutions in the Italian Motor Valley. The launch of Helbiz One underscores the rapid growth of the micro-mobility industry and the continued adoption of urban transportation methods.

The Helbiz One e-scooter was created with sustainability, efficiency and safety at its core. With a custom design by Pininfarina and engineered by MT Distribution, each device comes equipped with front and rear shock absorbers, LED indicator lights and display, a dedicated smartphone app, and a bluetooth system. It also features 3 driving modes: eco, city and sport. The e-scooters will be available for purchase in 2022. Interested buyers can join the waitlist online at Helbiz.com/HelbizOne and will receive the First Edition offer for a free insurance policy.

The launch of Helbiz One will advance the role of e-scooters in urban transportation infrastructure. As the first micro-mobility company to list publicly on Nasdaq, Helbiz continues to position itself as an innovative industry leader. The Company is present in nearly 35 cities around the world with plans to continue expanding.

Emanuele Liatti, Chief Product Officer of Helbiz commented, “The micro-mobility market is rapidly growing and continues to prove itself as an invaluable asset of our time. The presentation of this new product further supports our mission to make cities more liveable with less congestion, noise and pollution. We are thrilled to partner with Pininfarina and MT Distribution to develop the first Made in Italy e-scooter for purchase, Helbiz One.”

"The launch of Helbiz One further supports Pininfarina's commitment to sustainable mobility in all its forms,” explains Giuseppe Bonollo, Senior Vice President Sales & Marketing of Pininfarina. “We have been innovating and designing for a variety of industries for more than 90 years now. The new trends of sustainable urban mobility have been exciting to watch. We are thrilled to partner with Helbiz and MT to develop a new way of moving that combines high technology and quality, while at the same time reducing congestion in cities."

“We are proud to launch the first Helbiz One prototype and look forward to bringing it to the market next year,” adds Alessandro Summa, CEO of MT Distribution. “This is only the beginning of a successful partnership with Pininfarina and Helbiz.”

About Pininfarina

Pininfarina, founded in 1930, is an internationally recognized design company. With offices in Italy, Germany, China and the United States, it is an emblem of Italian design that is unique in the world. It works with Ferrari, Lamborghini, Jeep, Chrysler, Maserati, Stellates group, and other brands. Pininfarina is not only the world leader in automotive design. It has completed more than 600 projects in different areas over the course of nine decades and has received numerous international awards.

About MT Distribution

Founded in 1977, MT Distribution today represents a solid reality recognized worldwide in the panorama of urban electric mobility, thanks to the 360 offer of electric scooters, e-bikes, accessories and spare parts. It works with Lamborghini, Ducati, Aprilia, Stellates group, VR46 and other brands. Italian character is the hallmark of the company proposal, which unites the proprietary Argento brand and the electric micro mobility lines developed in partnership with the major players in the automotive sector.
www.mtdistribution.it

About Helbiz

Helbiz is a global leader in micro-mobility services. Launched in 2015 and headquartered in New York City, the company offers a diverse fleet of vehicles including e-scooters, e-bicycles and e-mopeds all on one convenient, user-friendly platform in 35 cities around the world. Helbiz utilizes a customized, proprietary fleet management platform, artificial intelligence and environmental mapping to optimize operations and business sustainability. Helbiz is expanding its urban lifestyle products and services to include live streaming services, food delivery, financial services and more, all accessible within its mobile app.

Forward-Looking Statements

Certain statements made in this press release are “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “anticipate”, “believe”, “expect”, “estimate”, “plan”, “outlook”, and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements reflect the current analysis of existing information and are subject to various risks and uncertainties. As a result, caution must be exercised in relying on forward-looking statements. Due to known and unknown risks, actual results may differ materially from the Company’s expectations or projections. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: (i) the failure to meet projected development and production targets; (ii) changes in applicable laws or regulations;(iii) the effect of the COVID-19 pandemic on the Company and its current or intended markets; and (iv) other risks and uncertainties described herein, as well as those risks and uncertainties discussed from time to time in other reports and other public filings with the Securities and Exchange Commission (the “SEC”) by the Company. Additional information concerning these and other factors that may impact the Company’s expectations and projections can be found in GreenVision’s periodic filings with the SEC, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2020 and amended on May 21, 2021. The Company’s SEC filings are available publicly on the SEC's website at www.sec.gov. Any forward-looking statement made by us in this press release is based only on information currently available to Helbiz and speaks only as of the date on which it is made. Helbiz undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise, except as required by law.

Helbiz Contacts
For investor and media inquiries, contact:

Global Head of Communications:
Davide D’Amico - tel. +39 335 7715011 email: This email address is being protected from spambots. You need JavaScript enabled to view it.

PR and Communication Manager:
Chiara Garbuglia - +39 335 7388163 email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Regions
USA
The Blueshirt Group
Gary Dvorchak, CFA - Phone: +1 (323) 240-5796 - email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Agent of Change
Marcy Simon - Phone: +1 (917) 833-3392 - Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

ITALY
Helbiz Investor Relations
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LAS VEGAS--(BUSINESS WIRE)--$AGH #AP--Ault Global Holdings, Inc. (NYSE American: DPW) a diversified holding company (“AGH,” or the “Company”), announced the results of the Company’s 2021 Annual Meeting of Stockholders (the “Meeting”), which was held today, August 13, 2021, at 9:00 a.m. PT, and at which time the seven proposals voted upon, as set forth in the Company’s Definitive Proxy Statement dated June 7, 2021 (the “Proxy Statement”), were approved by the stockholders.

At the Meeting, the stockholders voted upon and approved the following proposals as described in the Proxy Statement:

• Election of the eight (8) director nominees named in the Proxy Statement to hold office until the next annual meeting of stockholders;

• Ratification of the appointment of Marcum LLP, as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2021;

• Approval of, pursuant to Rule 713 of the NYSE American, the exercise of warrants issued to Esousa Holdings, LLC and two individuals, to purchase up to an aggregate of 3,850,220 shares of the Company’s common stock, issued in connection with certain term promissory notes in an aggregate amount of up to $5,300,000, in order to comply with the listing rules of the NYSE American;

• Approval of the Ault Global Holdings, Inc. 2021 Stock Incentive Plan;

• Approval of the Ault Global Holdings, Inc. 2021 Employee Stock Purchase Plan;

• Approval of the 2020 equity issuances to directors and executive officers of the Company, in order to comply with the listing rules of the NYSE American; and

• Approval of the 2021 equity issuances to directors and executive officers of the Company, in order to comply with the listing rules of the NYSE American.

There were no other transactions of other business brought before the Meeting or any further adjournments or postponements thereof.

About Ault Global Holdings, Inc.

Ault Global Holdings, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, the Company provides mission-critical products that support a diverse range of industries, including defense/aerospace, industrial, automotive, telecommunications, medical/biopharma, and textiles. In addition, the Company extends credit to select entrepreneurial businesses through a licensed lending subsidiary. Ault Global Holdings’ headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.AultGlobal.com.

Additional Information and Where to Find It

The Company filed a definitive proxy statement on Schedule 14A and associated proxy card (the “Proxy Statement”) with the U.S. Securities and Exchange Commission (the “SEC”) on June 7, 2021. The Company, its directors, its executive officers and certain other individuals set forth in the definitive proxy statement were deemed participants in the solicitation of proxies from stockholders in respect of the Annual Meeting. Information regarding the names of the Company’s directors and executive officers and certain other individuals and their respective interests in the Company by security holdings or otherwise is set forth in the Proxy Statement. The Proxy Statement and a form of proxy were mailed to stockholders of the Company. Investors and stockholders can obtain a copy of the documents filed by the Company with the SEC, including the Proxy Statement, free of charge by visiting the SEC’s website, www.sec.gov

Forward-Looking Statements

This press release contains “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These 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 “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. 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. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the SEC including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at www.AultGlobal.com.

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The co-investment is set to revolutionize the international shipping industry by improving marine safety and introducing digitalized decarbonization and inventory management

LOS ANGELES--(BUSINESS WIRE)--#BCGDV--BCG Digital Ventures (BCGDV), the business-building and corporate innovation arm of Boston Consulting Group (BCG), today announced its previous investment in three ventures: SOL-X, Chord X, and Spares CNX.

BCGDV’s investment was made last year while the ventures were in stealth mode to allow for a deeper focus on business development activities, including staffing, product development, and target market acquisition.

With the objective of disrupting the shipping industry, BCGDV has also announced that the three maritime ventures are joining its broader portfolio of innovative businesses and products with the backing of BCGDV and leading international shipping company MISC Group.

These three separate start-ups differ in their approach, yet together they powerfully demonstrate the transformational power of strategically applying digital and deep tech, such as AI, ML, and IIoT, to create massive operational efficiencies across the shipping value chain in a way that has never been done before.

The ventures will be key drivers for the smart ship, which leverages automation and assistive technologies to ensure safety, efficiency, and environmental sustainability.

“With 90% of the world’s goods transported by ships, and considering the fragmented attempts at innovation, we believe these investments are going to be absolutely transformative to the maritime industry, as well as to industries such as mining, energy, and industrial goods,” said Sid Shah, Managing Director & Partner and Global Leader of BCGDV’s Energy Practice. “We couldn’t be more excited to support these teams on their bold journeys.”

All three ventures are based in Singapore, a critical hub for BCGDV that was recently placed at the top of the IMD World Competitive Center’s ranking in digital competitiveness.

The Ventures

SOL-X is redefining maritime safety by creating an industry-first Safety 4.0 company centered on human factors. Combining deep industry knowledge with IIoT and predictive AI, SOL-X focuses on improving safety and compliance outcomes, increasing operational productivity, and enhancing crew well-being. With 66% of maritime incidents caused by human error, SAFEVUE.ai, the company’s flagship solution, addresses the core of human factors by combining the Control of Work with crew well-being data to deliver near real-time safety intelligence on the edge. SOL-X recently signed a multiyear fleetwide agreement to partner with Eaglestar and meet the maritime industry’s ever-increasing demands for operational and safety excellence.

Chord X, a maritime data analytics company, is advancing ship management by utilizing sensors, data integration and analytics, machine learning, and human experts to achieve operational and emission efficiency in large maritime assets. Chord X provides predictive insights to customers, enabling them to take immediate corrective actions on their maritime assets’ equipment and keeping their performance at its optimal best.

Chord X measures and analyzes the emission footprint of maritime assets. It also provides an emission module that supports regulatory reporting compliance, enabling increased oversight over carbon tax with greater accuracy than current methods, and it is working toward providing insights for maritime asset operators to use and control in weighing operational decisions that impact the emission footprint of their maritime assets. Chord X achieves reduced asset operating expenditures, enhanced asset reliability, and cleaner combustion for maritime asset owners and operators.

Spares CNX is reinventing the shipping supply chain by providing an automated inventory management solution that can track the life cycle of spare parts on shore and across the fleet. An integrated hardware and software solution, PROPELLER Ship, uses RFID, QR, and other imaging technologies to monitor the location and consumption of spares. Onboard vessel engineers follow the intuitive workflows that are built into the portable tablet as they perform their day-to-day operations. The device interacts with the pretagged spare parts, ensuring that accurate and complete information is captured at the time and place of work while data flows seamlessly to the existing PMS or ERP systems.

The accompanying AI-driven analytics platform, PROPELLER Shore, empowers managers and procurement officers with actionable insights and recommendations for stock level optimization, rebalancing, and forward bulk procurement opportunities.

With this unique approach, Spares CNX addresses an inventory inaccuracy problem that costs the global shipping industry up to $2 billion annually in spend leakage on spare parts, with massive second-order implications on day-to-day operations. In addition to the rich feature set in the market today, Spares CNX is building capabilities to address frictions around FIFO, consumable goods, onshore warehouse partner integrations, and many other areas.

"We are proud to invest in these three digital start-ups, which in many ways allow us to explore available opportunities to harness the power of digitalization in the maritime industry. The challenges faced by the shipping industry brought about by the global COVID-19 pandemic have forced us to rethink our approaches and operational practices,” said Mr. Yee Yang Chien, President/Group CEO of MISC. “I believe that in order for us to move forward, we must be bold in exploring the endless opportunities to further improve operational excellence in various areas, including safety and process efficiency. I am confident about the prospects that the three digital ventures offer and that this partnership will enhance our contribution toward the sustainability of MISC Group’s environmental, social, and governance agenda.”

Additional information about the co-investment by BCG Digital Ventures and MISC in Sol-X, Chord X and Spares CNX, can be found here.

About BCG Digital Ventures

BCG Digital Ventures is a corporate innovation, incubation, and investment firm. We invent, launch, scale, and invest in industry-changing new businesses with the world’s most influential companies. Our diverse, multidisciplinary team of entrepreneurs, operators, and investors works cross-functionally, rapidly moving from paper to product to business in less than 12 months. Founded in 2014 as a subsidiary of Boston Consulting Group, we have Innovation Centers and satellite locations in four continents and continue to expand our footprint across the globe.

About MISC

MISC Berhad (MISC) was incorporated in 1968 and is a world-leading provider of international energy-related maritime solutions and services. The principal businesses of the Group comprise energy shipping and its related activities, owning and operating offshore floating solutions, marine repair and conversion, engineering and construction works, integrated marine services, port and terminal services, and maritime education and training.

As of 31 December 2020, MISC Group’s fleet consists of more than 100 owned and in-chartered vessels comprising Liquefied Natural Gas (LNG), Petroleum, and Product vessels, Very Large Ethane Carriers (VLECs), 14 Floating Production Systems (FPS), and two (2) LNG Floating Storage Units (FSUs). The fleet has a combined deadweight tonnage (dwt) capacity of more than 11 million tonnes.

Jenny Savage
BCG Digital Ventures
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Leo Grayson
Chord X
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Alister Leong
Sol-X
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Anthon Hollstein-Ivarsson
Spares CNX
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HOUSTON--(BUSINESS WIRE)--#2021TellyAward--MIAT College of Technology and Mnemonic Agency recently received a Gold Telly 2021 Award in the Local TV General-Schools/Colleges/Universities category for their collaborative development of MIAT’s “Climb Above the Cubicle” marketing video. The video promoted MIAT’s Wind Power Technician Program.

MIAT operates campuses in Houston and in Canton, Mich. near Detroit. MIAT is using the video for marketing and public relations, recruiting, job fairs, and community relations purposes. A link to the video is available at https://vimeo.com/454412550.

Sehban Zaidi, creative director with Mnemonic Agency, worked closely with MIAT College of Technology Houston campus president John Willis, his faculty, staff, students, and alumni to produce the Climb Above the Cubicle video last year. Aaron Long, a senior marketing consultant and founder of the Longstation marketing and graphic design firm, managed the project from start to finish. Since summer 2020, the video has aired extensively via Comcast, AT&T U-verse and Direct TV on numerous television channels such as ESPN, ID, MTV, TBS, TNT, and many others. It also has been viewed and shared extensively via MIAT’s social media platforms, digital marketing campaigns, the MIAT.edu Web site, and MIAT YouTube Channel.

Willis credits “Climb Above the Cubicle” for enabling MIAT to effectively showcase both campuses, MIAT’s programs and positive outcomes for students, their family, employers, and the communities in which they live and work after graduating. The key message of this award-winning video is that students can count on MIAT as a proven provider of career education that will have a profound, positive impact for themselves and members of their family for many generations.

MIAT offers certificate and associate degree programs in wind technology as well as aviation maintenance, energy technology, HVACR (heating, ventilation, air conditioning, and refrigeration), robotics, welding, and non-destructive testing.

“MIAT faculty and staff encourage our students to take their life and their future into their own hands by envisioning a career beyond cubicle walls,” Willis explained. “I am extremely thankful to Sehban and Aaron for working with me and other MIAT team members to produce this award-winning video. Our goal for this project was to create ‘something different’ that resonated with students and emphasized at its core the vision of our college.”

Zaidi shared this perspective about the project: “MIAT has been a pioneer in terms of embracing new creative horizons, and Mnemonic Agency is so proud to help bring the vision to life. The Climb Above the Cubicle campaign brought unchartered storytelling to the wind technician’s marketing space, and MIAT and Mnemonic partnered to craft effective creative that captured the imagination of the next generation of America’s workforce. Awards mean more when you win them for a project that serves the community and drives our industries forward. MIAT’s Wind Technician program is such a wonderful opportunity for the Houston workforce as well as a supporting pillar of the local economy. To craft award-winning creative that serves such a worthy initiative is truly moving.”

For more information about MIAT, please visit www.miat.edu.

For more information about mnemonic, visit www.mnemonicagency.com.

Media Contact:
Laura M. Pennino, senior PR consultant for MIAT College of Technology
281-286-9398, 713-419-1776 mobile, This email address is being protected from spambots. You need JavaScript enabled to view it.

HOUSTON--(BUSINESS WIRE)--Cheniere Energy, Inc. (“Cheniere”) (NYSE American: LNG) announced today that its wholly owned subsidiary, Cheniere Corpus Christi Holdings, LLC ("CCH") intends to offer, subject to market and other conditions, Senior Secured Notes due 2039 ("CCH 2039 Notes"). The CCH 2039 Notes will be fully amortizing according to a fixed sculpted amortization schedule with semi-annual payments of principal and interest.

CCH intends to use the proceeds from the offering to prepay a portion of the principal amount currently outstanding under CCH’s term loan credit facility due 2024 (the “CCH Credit Facility”). The CCH 2039 Notes will be secured by a first priority security interest in substantially all of the assets of CCH and its subsidiaries and by a pledge of all of the equity interests in CCH and will rank pari passu in right of payment with all existing and future senior secured indebtedness of CCH, including borrowings under the CCH Credit Facility, its outstanding senior secured notes and its obligations under its working capital facility.

The offer of the CCH 2039 Notes has not been registered under the Securities Act of 1933, as amended (the "Securities Act"), and the CCH 2039 Notes may not be offered or sold in the United States absent registration under the Securities Act or an applicable exemption from the registration requirements of the Securities Act. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale of these securities would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Forward-Looking Statements

This press release contains certain statements that may include “forward-looking statements” within the meanings of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical or present facts or conditions, included herein are “forward-looking statements.” Included among “forward-looking statements” are, among other things, (i) statements regarding Cheniere’s financial and operational guidance, business strategy, plans and objectives, including the development, construction and operation of liquefaction facilities, (ii) statements regarding expectations regarding regulatory authorizations and approvals, (iii) statements expressing beliefs and expectations regarding the development of Cheniere’s LNG terminal and pipeline businesses, including liquefaction facilities, (iv) statements regarding the business operations and prospects of third parties, (v) statements regarding potential financing arrangements, (vi) statements regarding future discussions and entry into contracts, (vii) statements relating to the amount and timing of share repurchases, and (viii) statements regarding the COVID-19 pandemic and its impact on our business and operating results. Although Cheniere believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Cheniere’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in Cheniere’s periodic reports that are filed with and available from the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required under the securities laws, Cheniere does not assume a duty to update these forward-looking statements.

Investors
Randy Bhatia 713-375-5479

Media Relations
Eben Burnham-Snyder 713-375-5764
Jenna Palfrey 713-375-5491

SPRING, Texas--(BUSINESS WIRE)--Southwestern Energy Company (NYSE: SWN) (“Southwestern”) today announced that, in connection with the previously announced offer to eligible holders to exchange (the “Exchange Offer”) any and all outstanding 5.375% Senior Notes due 2029 issued by Indigo Natural Resources LLC (the “Indigo Notes”) for (1) up to $700,000,000 aggregate principal amount of new 5.375% Senior Notes due 2029 issued by Southwestern and guaranteed by certain subsidiaries of Southwestern (the “New Southwestern Notes”) and (2) cash, and the related consent solicitation by Southwestern (the “Consent Solicitation”) to adopt certain proposed amendments to the indenture governing the Indigo Notes (the “Proposed Amendments”), as of 5:00 p.m., New York City time, on August 13, 2021 (the “Early Tender Date”), the following principal amount of the Indigo Notes have been validly tendered and not validly withdrawn (and consents thereby validly given and not validly revoked):

Southwestern has also received the requisite consents to adopt the Proposed Amendments with respect to the Indigo Notes. Southwestern intends to cause Indigo to enter into a supplemental indenture with the trustee for the Indigo Notes to effect the Proposed Amendments.

Withdrawal rights for the Exchange Offer and Consent Solicitation expired as of the Early Tender Date. The Exchange Offer and Consent Solicitation are being made pursuant to the terms and subject to the conditions set forth in the offering memorandum and consent solicitation statement dated August 2, 2021 (the “Offering Memorandum and Consent Solicitation Statement”).

The Exchange Offer and Consent Solicitation are subject to the consummation of the transactions contemplated by the Agreement and Plan of Merger, dated as of June 1, 2021 (the “Merger Agreement”), by and among Southwestern, Ikon Acquisition Company, LLC, a Delaware limited liability company and wholly owned subsidiary of Southwestern, Indigo Natural Resources LLC (“Indigo”) and Ibis Unitholder Representative, LLC, a Delaware limited liability company, on the terms, and subject to the conditions, which Southwestern will acquire all of the outstanding membership interests of Indigo (the “Indigo Merger”).

The Exchange Offer and Consent Solicitation are subject to certain additional conditions, although Southwestern may waive any such condition at any time with respect to the Exchange Offer. Any waiver of a condition by Southwestern with respect to the Exchange Offer will automatically waive such condition with respect to the Consent Solicitation. Any amendment of the terms of the Exchange Offer by Southwestern will automatically amend such terms with respect to the Consent Solicitation. Southwestern may complete the Exchange Offer even if valid consents sufficient to effect the Proposed Amendments are not received because Southwestern may waive any such condition at any time with respect to the Exchange Offer.

Southwestern may modify or terminate the Exchange Offer and/or may extend the Expiration Date (as defined herein) and/or the settlement date with respect to the Exchange Offer, subject to applicable law. Any such modification, termination or extension will automatically modify, terminate or extend the Consent Solicitation, as applicable.

Holders who validly tender their Indigo Notes after the Early Tender Date but no later than 5:00 p.m., New York City time, on September 1, 2021, unless extended (the “Expiration Date”), will be eligible to receive, on the settlement date, the applicable Exchange Consideration as set forth in the Offering Memorandum and Consent Solicitation Statement, for all such Indigo Notes that are accepted. The settlement date will be promptly after the Expiration Date and is expected to be within two business days after the Expiration Date.

The complete terms and conditions of the Exchange Offer and Consent Solicitation are described in the Offering Memorandum and Consent Solicitation Statement, a copy of which may be obtained by contacting Ipreo LLC, the exchange agent and information agent in connection with the Exchange Offer and Consent Solicitation, at (888) 593-9546 (U.S. toll-free) or (212) 849-3880 (banks and brokers) or This email address is being protected from spambots. You need JavaScript enabled to view it..

This press release does not constitute an offer to sell or purchase, or a solicitation of an offer to sell or purchase, or the solicitation of tenders or consents with respect to, any security. No offer, solicitation, purchase or sale will be made in any jurisdiction in which such an offer, solicitation, or sale would be unlawful. The Exchange Offer and Consent Solicitation are being made solely pursuant to the Offering Memorandum and Consent Solicitation Statement and only to such persons and in such jurisdictions as is permitted under applicable law.

The New Southwestern Notes have not been and, except as may be required pursuant to a related registration rights agreement, will not be registered under the Securities Act or any state securities laws. Therefore, the New Southwestern Notes may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and any applicable state securities laws.

About Southwestern Energy

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

Forward-Looking Statements

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

Additional Information about the Indigo Merger and Where to Find It

This communication relates to the Indigo Merger, and may be deemed to be solicitation material in respect of the issuance of the stock consideration for the Indigo Merger. The issuance of the stock consideration for the Indigo Merger will be submitted to the shareholders of Southwestern for their approval. In connection with Southwestern’s stockholder vote on the issuance of the stock consideration for the Indigo Merger, Southwestern filed a proxy statement on Schedule 14A with the SEC on July 20, 2021. This communication is not a substitute for the proxy statement that Southwestern filed with the SEC or any other documents that Southwestern may file with the SEC or send to its stockholders in connection with the issuance of the stock consideration for the Indigo Merger. Southwestern mailed a definitive proxy statement to its stockholders on our about July 22, 2021 in connection with Southwestern’s solicitation of proxies for the special meeting of Southwestern’s stockholders to be held to approve the issuance of the stock consideration for the Indigo Merger. This presentation does not contain all the information that should be considered concerning the Indigo Merger, including relevant risk factors that may be included in the proxy statement. It is not intended to provide the basis for any investment decision or any other decision in respect to the issuance of the stock consideration for the Indigo Merger. Southwestern’s stockholders and other interested persons are urged to read Southwestern’s proxy statement and any other relevant documents that are filed or furnished or will be filed or will be furnished with the SEC, as well as any amendments or supplements to these documents, carefully and in their entirety before making any voting or investment decision with respect to the issuance of the stock consideration for the Indigo Merger, as these materials will contain important information about the Indigo Merger, related matters and the parties to the Indigo Merger. A copy of the definitive proxy statement was sent to all stockholders of record of Southwestern seeking the required stockholder approvals. Investors and stockholders can obtain free copies of the proxy statement and other documents filed with the SEC by Southwestern through the web site maintained by the SEC at www.sec.gov. In addition, investors and stockholders can obtain free copies of the proxy statement from Southwestern by accessing Southwestern’s website at https://www.swn.com.

This communication is for informational purposes only and is neither an offer to sell or purchase, nor the solicitation of an offer to buy or sell any securities, nor is it a solicitation of any vote, consent, or approval in any jurisdiction pursuant to or in connection with the Indigo Merger or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law.

Investor Contacts
Brittany Raiford
Director, Investor Relations
(832) 796-7906
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Bernadette Butler
Investor Relations Advisor
(832) 796-6079
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Industry group requests exemption in new proposed legislation and regs that outlaw portable generators in the state

CLEVELAND--(BUSINESS WIRE)--A seemingly innocuous air pollution proposal before the California Legislature could ban the sale of portable generators in the state, and have a life-threatening impact on how Californians prepare for and respond to power outages, wildfires, and other calamities.

Assembly Bill 1346 (Berman) would compel the California Air Resources Board to adopt regulations by July 1, 2022, to prohibit emissions from all small off-road engine equipment (SORE) including portable generators. While it may be intended to promote the use of battery-operated lawn and garden equipment, it will also result in banning the sale of portable generators in the state as soon as 2024.

The proposal assumes that portable generators could be replaced with so-called ZEE generators (zero-emission equipment). However, ZEE “generators” rely on battery power and electricity for charging that is not available during power outages and natural disasters. These ZEE units are typically five to twenty times the cost of gasoline-powered portable generators, yet they only provide backup power for a short period of time (typically 1-2 hours) before the battery is discharged. Furthermore, once the batteries are discharged, they cannot be recharged during power outages without expensive solar panels or expensive spare charged batteries.

For these reasons, the Portable Generator Manufacturers’ Association (PGMA) is requesting an exemption for portable generators be included in the proposal.

An estimated 1.5 million portable generators exist in California, primarily used by residents during natural disasters such as wildfires, and during the frequent rolling blackouts enacted by local utilities to mitigate demand on the power grid or protect against fire danger. During these times, average Californians rely on portable generators to power their freezers, refrigerators, water pumps, communication devices, and even life-sustaining medical equipment.

PGMA estimates that the average load homeowners need during these periods can be fully powered by a typical portable generator for 10 to 12 hours. After a simple refueling, the portable generators are good for another 10 to 12 hours. In contrast, a comparable ZEE unit required under the new proposal would power that same load for a scant 35 minutes to three hours, after which there would be a need for fresh batteries or a re-charge from unreliable and expensive solar panels.

“No matter how well-intentioned this bill might be, it makes a critical error in equating portable generators with other small off-road engine equipment,” said Joseph Harding, technical director of PGMA.

“The use of other small off-road engine equipment is often discretionary and planned. But when someone turns to a portable generator, it’s out of necessity. It’s to sustain life—keep food from spoiling, keep water available, to maintain communication with the outside world, even keep vital medical equipment operating. Nothing else meets the affordability of a portable generator when it comes to performing those critical functions in crisis conditions. Banning California residents from purchasing and possessing portable generators will surely lead to loss of life.”

PGMA has formally requested that the bill’s author exempt portable generators in AB 1346. To let your state representative or senator know that you support this exemption, visit www.StayPoweredCalifornia.org.

Pete Zeller
216.579.6100 ext. 2
email: This email address is being protected from spambots. You need JavaScript enabled to view it.

DUBLIN--(BUSINESS WIRE)--The "Albania Upstream (Oil and Gas) Fiscal and Regulatory Guide" report has been added to ResearchAndMarkets.com's offering.

"Albania Upstream (Oil and Gas) Fiscal and Regulatory Guide", presents the essential information relating to the terms which govern investment into Albania's upstream oil and gas sector.

The report sets out in detail the contractual framework under which firms must operate in the industry, clearly defining factors affecting profitability and quantifying the state's take from hydrocarbon production. Considering political, economic and industry specific variables, the report also analyses future trends for Albania's upstream oil and gas investment climate.

Albania offers production sharing agreements for upstream petroleum operations. Several onshore acreages have been offered during the last few years, including Block B and E in 2021.

Albania has capitalised effectively the interest for its upstream oil and gas sector by awarding three onshore blocks to Shell and one block to Eni between 2018-2019. A new Petroleum Fiscal Law has entered into force on February 2, 2021, which imposes an 85% limit on tax deductions and therefore a minimum level of tax.

The law also includes ambiguous terminology regarding fiscal stability provisions for existing PSAs, which could create uncertainty for existing investors in the petroleum sector. The fiscal terms introduced by Albania over the last few years are less favourable compared to regional peers, which may discourage investments in the future.

The government is currently investigating ways to benefit from the Trans Adriatic Pipeline and an LNG import terminal that could potentially be developed by ExxonMobil and Excelerate.

Scope

• Overview of current fiscal terms governing upstream oil and gas operations in Albania
• Assessment of the current fiscal regime's state take and attractiveness to investors
• Charts illustrating the regime structure, and legal and institutional frameworks
• Detail on legal framework and governing bodies administering the industry
• Levels of upfront payments and taxation applicable to oil and gas production
• Information on application of fiscal and regulatory terms to specific licenses
• Outlook on future of fiscal and regulatory terms in Albania

Reasons to Buy

• Understand the complex regulations and contractual requirements applicable to Albania's upstream oil and gas sector
• Evaluate factors determining profit levels in the industry
• Identify potential regulatory issues facing investors in the country's upstream sector
• Utilize considered insight on future trends to inform decision-making

Key Topics Covered:

1. Executive Summary

1.1 Regime Overview - Production Sharing Agreements

1.2 Timeline

2. State Take Assessment

3. Key Fiscal Terms

3.1 Royalties, Bonuses, and Fees

3.2 Cost Recovery

3.3 Profit Oil

3.4 Direct Taxation

3.5 Indirect Taxation

4. Regulation and Licensing

4.1 Legal Framework

4.2 Institutional Framework

4.3 Licensing Process

5. Appendix

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

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DUBLIN--(BUSINESS WIRE)--The "Global Fuel Additives Market by Type (Deposit Control, Cetane Improvers, Lubricity Improvers, Cold Flow Improvers, Stability Improvers, Octane Improvers, Corrosion Inhibitors), Application (Diesel, Gasoline, Aviation Fuel) - Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.

The fuel additives market size is estimated to be USD 6.0 billion in 2021 and is projected to reach USD 7.1 billion by 2026, at a CAGR of 3.4% between 2021 and 2026.

Factors such as stringent regulatory environment will drive the fuel additives market. Growth in demand for hybrid vehicles and increasing battery price parity is the major restraints. However, increasing demand for ultra-low sulfur diesel (ULSD) will act as an opportunity for the market.

Deposit control additives is estimated to be the largest type of fuel additives market in 2020

Deposit control additives are majorly used to prevent low accumulation for engines to be more efficient and produce low emissions, hence, improving the performance of the engine. Currently, the use of deposit control additives in gasoline is a major contributor to rising additives consumption because of the demand for more efficient fuel for modern engines. Gasoline Direct Injection (GDI) systems have become the standard in new high-performance vehicles with internal combustion engines.

In contrast to traditional port injection fuel delivery systems, GDI engines have injectors placed directly inside the combustion chamber, which provides improved combustion, better fuel mileage, enhanced performance, and lower vehicle emissions.

However, GDI engines are prone to carbon deposit build-up on intake valves because the gasoline is directly injected into the cylinder. This requires the use of higher amounts of deposit control additives.

Diesel was the second largest application for fuel additives market in 2020

The fuel additives market size for diesel applications accounted for the largest share of global fuel additives, in terms of value, in 2020 this was led by the demand from the automotives industry.

The market for diesel fuel additives has been driven by the developing economies of APAC.

North America and Europe are embarking on the use of ULSD, which has higher dosing of additives than normal diesel. The global diesel consumption is expected to increase during the forecast period, and the quantity of additives is likely to increase to meet stringent environmental norms.

APAC is estimated to be the largest fuel additives market in 2020, in terms of volume.

APAC is one of the most crucial markets of fuel additives. This is basically led by the demand of fuel additives from various end use industries in China, Japan, India, South Korea and Australia. These countries have major companies related to automotive, power generation, construction, in this region. China dominates the fuel additives market in APAC. The growing automotive industry in the major economies is the main driver for the fuel additives market.

In the process of determining and verifying the market size for several segments and subsegments identified through secondary research, extensive primary interviews were conducted.

The fuel additives market is dominated by key market players such as the Afton Chemical Corporation (US), The Lubrizol Corporation (US), Innospec Inc. (US), BASF SE (Germany), and Evonik Industries AG (Germany), among others.

Companies Mentioned

• Afton Chemical Corporation
• BASF SE
• Baker Hughes, a GE Company Llc.
• Chempoint Solutions Company
• Chevron Oronite SA
• Clariant AG
• Croda International Plc
• Cummins Inc.
• Dorf Ketal Chemicals
• Eastern Petroleum
• Eastman Chemical Company
• Eni SpA
• Evonik Industries AG
• Huntsman Corporation
• IFTEX Oil & Chemical Company
• Infineum International Limited
• Innospec Inc.
• Lanxess AG
• Lubrication Engineers
• Lucas Oil Products Inc.
• Petroleum Logistics
• Solvay S.A.
• The Dow Chemical Company
• The Lubrizol Corporation
• Total SA

For more information about this report visit https://www.researchandmarkets.com/r/dltr4l

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DUBLIN--(BUSINESS WIRE)--The "Unmanned Underwater Vehicles (Defense) - Thematic Research" report has been added to ResearchAndMarkets.com's offering.

Along with the proliferation of autonomous and remotely controlled systems, navies keep their personnel away from a risky and dangerous environment, so this approach is whipping up investments in unmanned maritime technology.

Today's UUVs offer an improvement in operation time and safety, greater flexibility of use, more efficient power systems, and lower implementation and sustainability costs.

UUVs have the potential to be used as force multipliers in many areas of naval operations, with their modular structures and their ability to carry many different payloads.

With the use of artificial intelligence (AI) in UUVs at full maturity, it is expected that by the end of 2020, UUVs will take part in naval battle groups with manned platforms.

Naval forces and defense industry companies around the world have increased their investment in UUV technologies. In fact, leading shipbuilders and leading defense companies such as Boeing, Lockheed Martin, HII, General Dynamics, Thyssenkrupp and BAE systems are competing for the highest share of the growing UUV market.

Key Highlights

• Navies and companies, cooperating with universities and research and development centers, have been developing and experimenting with various UUVs for many years and have transitioned some of these efforts into procurement/manufacture programs. There are still many UUV programs under development and at the technology demonstration level.
• A key driver for the development of UUVs is to move people away from contested and dangerous environments to avoid casualties.
• XLUUV and MUUV have generally switchable and modular mission payload suites, therefore, they can perform multi-mission changing mission modules. Collective advances in technology allow these vehicles to execute more complex missions, with increased autonomy and their own support packages. However, smaller vehicles are better suited to single type missions, such as hydrographic survey and ISR missions.

Scope

• This report focuses on Unmanned Underwater Vehicles (USVs), which will be force multiplier in future naval operations.
• Unmanned Underwater Vehicles thematic research offers a detailed analysis of UUVs being developed and used by navies and other maritime organizations.
• The research includes insightful industry analysis of the UUVs and key use cases highlighting how Navies worldwide have started working on developing and implementing the technology.

Key Topics Covered:

• Executive summary
• Players
• Technology briefing
• Trends
• Industry analysis
• Value chain
• Companies
• Sector scorecards
• Glossary

Companies Mentioned

• Atlas Elektronik UK
• Aquabotix
• Boeing
• BAE Systems
• CSIC
• ECA
• Deep Trekker
• DefendTex
• Daeyang Electric
• FET
• General Dynamics
• Dive Technologies
• Hanwha Systems
• HII
• International Submarine Engineering
• Kawasaki Kongsberg
• L3 Harris
• Leidos
• LIG Nex1
• Lockheed Martin
• Mitsubishi Heavy Industries
• MSubs
• M Ship
• SIA
• SeaBotix
• Shenyang
• Soil Machine
• Teledyne Marine
• Thales
• Tianjin Sublue Ocean Science & Technology

For more information about this report visit https://www.researchandmarkets.com/r/f1tghh

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For E.S.T Office Hours Call 1-917-300-0470
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PG&E’s Emergency Operations Center is Open and Company Meteorologists and Operations Professionals are Monitoring the Situation

The Majority of Affected Customers Would Be in Butte and Shasta Counties; PG&E Is Sending 48-Hour Notices to Customers Who Might Be Affected

SAN FRANCISCO--(BUSINESS WIRE)--Pacific Gas and Electric Company (PG&E) opened its emergency operations center today, and the company’s meteorologists and operations professionals are monitoring a potential dry offshore wind event forecasted to start Tuesday evening (Aug. 17). Given this wind event and current conditions including extreme to exceptional drought and extremely dry vegetation, PG&E has begun sending 48-hour advance notifications to customers in targeted areas where PG&E may need to proactively turn power off for safety to reduce the risk of wildfire from energized power lines.

Potential Public Safety Power Shutoff Tuesday Night

The potential PSPS event starting Tuesday night could affect approximately 39,000 customers in small portions of 16 counties in the Sierra Nevada foothills, the North Coast, the North Valley and the North Bay mountains. While the majority of customers—about 27,000—are in Butte and Shasta counties, we are also notifying customers who may experience safety shutoffs in portions of 14 other counties: Glenn, Humboldt, Lake, Lassen, Mendocino, Napa, Plumas, Sierra, Solano, Sonoma, Tehama, Trinity, Yolo and Yuba.

The potential PSPS event is approximately 48 hours away and conditions may change. PG&E’s in-house meteorologists, as well as its Wildfire Safety Operations Center and Emergency Operations Center, continue to closely monitor conditions. We will share additional customer notifications as conditions evolve.

Customer notifications—via text, email and automated phone call—began Sunday evening, approximately two days prior to the potential shutoff. PG&E employees will pay individual, in-person visits when possible to customers enrolled in the company’s Medical Baseline program who do not verify that they have received these important safety communications, with a primary focus on customers who rely on electricity for critical life-sustaining equipment.

Potentially Affected Counties

Customers can look up their address online to find out if their location is being monitored for the potential safety shutoff at www.pge.com/pspsupdates.

The potential shutoff is currently expected to affect approximately 39,000 customers across the following counties:

• Butte County: 13,841 customers, 1,366 Medical Baseline customers
• Glenn County: 17 customers, 2 Medical Baseline customers
• Humboldt County: 643 customers, 13 Medical Baseline customers
• Lake County: 2,727 customers, 184 Medical Baseline customers
• Lassen County: 65 customers, 7 Medical Baseline customers
• Mendocino County: 239 customers, 15 Medical Baseline customers
• Napa County: 1,804 customers, 87 Medical Baseline customers
• Plumas County: 778 customers, 27 Medical Baseline customers
• Shasta County: 14,027 customers, 1,239 Medical Baseline customers
• Sierra County: 1,035 customers, 30 Medical Baseline customers
• Solano County: 71 customers, 3 Medical Baseline customers
• Sonoma County: 106 customers, 1 Medical Baseline customer
• Tehama County: 2,856 customers, 219 Medical Baseline customers
• Trinity County: 426 customers, 21 Medical Baseline customers
• Yolo County: 100 customers, 4 Medical Baseline customers
• Yuba County: 531 customers, 49 Medical Baseline customers

Public Safety Power Shutoffs: What PG&E Customers Should Know

Why PG&E Calls a PSPS Event

We initiate Public Safety Power Shutoffs (PSPS) when the weather forecast is for such severe weather that people’s safety, lives, homes and businesses may be in danger of wildfires.

As each weather situation is unique, we carefully review a combination of factors when deciding if power must be turned off. These factors include:

• Low humidity levels, generally 30% and below.
• A forecast of high winds, particularly sustained winds above 20 miles per hour and wind gusts above 30-40 miles per hour.
• Condition of dry material on the ground and low moisture content of vegetation.
• A Red Flag Warning declared by the National Weather Service.
• Real-time ground observations from our Wildfire Safety Operations Center and from our crews working across the service territory.

This year, our decision-making process is evolving to also account for the presence of trees tall enough to strike power lines when determining if a PSPS event is necessary.

Every wildfire season is different, and the ongoing drought and the conditions will determine the number of times we will need to shut off power, without compromising safety.

This set of criteria is a first step which may lead to further analysis from our meteorology team to determine if a Public Safety Power Shutoff (PSPS) event is necessary.

Here’s Where to Learn More

• PG&E’s emergency website (www.pge.com/pspsupdates) is now available in 16 languages: English, Spanish, Chinese, Tagalog, Russian, Vietnamese, Korean, Farsi, Arabic, Hmong, Khmer, Punjabi, Japanese, Thai, Portuguese, and Hindi. Customers will have the opportunity to choose their language of preference for viewing the information when visiting the website.
• Customers are encouraged to update their contact information and indicate their preferred language for notifications by visiting www.pge.com/mywildfirealerts or by calling 1-800-743-5000, where in-language support is available.
• Tenants and non-account holders can sign up to receive PSPS ZIP Code Alerts for any area where you do not have a PG&E account by visiting www.pge.com/pspszipcodealerts.
• At PG&E’s Safety Action Center (www.safetyactioncenter.pge.com) customers can prepare for emergencies. By using the "Make Your Own Emergency Plan" tool and answering a few short questions, visitors to the website can compile and organize the important information needed for a personalized family emergency plan. This includes phone numbers, escape routes and a family meeting location if an evacuation is necessary.

PG&E's Commitment to Wildfire Safety

PG&E's multi-faceted Community Wildfire Safety Program includes both immediate and long-term action plans to further reduce wildfire risk and keep its customers and communities safe.

Since 2018, PG&E's wildfire safety work has resulted in:

• Multiple inspections of distribution, transmission and substation equipment in high fire-threat areas
• Hardening more than 600 miles with stronger lines and poles to better withstand severe weather
• Conducting enhanced vegetation safety work on nearly 5,000 line miles in high fire-threat areas (this is in addition to the more than 5 million trees that PG&E has trimmed or removed as part of its routine vegetation management and tree mortality efforts)
• Installing more than 1,000 sectionalizing devices and switches that limit the size of Public Safety Power Shutoffs (PSPS) that are necessary to mitigate the risk of wildfires
• Installing more than 1,150 advanced weather stations to help PG&E gather more data and information to better predict and respond to extreme weather threats
• Installing more than 400 high-definition cameras to monitor and respond to wildfires
• Reserving more than 65 helicopters to quickly restore power after severe weather during PSPS events
• Monitoring wildfire threats in real-time through a dedicated team at PG&E's Wildfire Safety Operations Center, which is staffed 24 hours a day during wildfire season

Ongoing PG&E Wildfire Mitigation and Resiliency Efforts

In addition to significantly expanding its undergrounding, PG&E's ongoing safety work to enhance grid resilience and address the growing threat of severe weather and wildfires continues on a risk-based and data-driven basis, as outlined in PG&E's 2021 Wildfire Mitigation Plan.

About PG&E

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.

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AUSTIN, Texas--(BUSINESS WIRE)--USA Compression Partners, LP (NYSE: USAC) (“USA Compression”) today announced that its senior management will participate in the Citi One-on-One Midstream / Energy Infrastructure Conference. Senior management expects to participate in a series of virtual meetings with members of the investment community on August 19, and presentation materials used during these meetings will be posted to USA Compression’s website prior to the investor meetings. Please visit the Investor Relations section of the website at usacompression.com under “Presentations.”

About USA Compression Partners, LP

USA Compression Partners, LP is a growth-oriented Delaware limited partnership that is one of the nation’s largest independent providers of natural gas compression services in terms of total compression fleet horsepower. USA Compression partners with a broad customer base composed of producers, processors, gatherers and transporters of natural gas and crude oil. USA Compression focuses on providing natural gas compression services to infrastructure applications primarily in high-volume gathering systems, processing facilities and transportation applications. More information is available at usacompression.com.

USA Compression Partners, LP
Matthew Liuzzi, CFO
(512) 369-1624
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