Monitoring and Service Solutions to Drive Recurring Revenue
TORONTO--(BUSINESS WIRE)--Kontrol Technologies Corp. (NEO:KNR) (OTCQB:KNRLF) (FSE:1K8) ("Kontrol" or the "Company"), a leader in smart building technologies, is providing its customers with new building automation controls and monitoring solutions for water conservation, including building-level and in-suite technology.
“The core of our growth strategy is to capture additional market share in each building in our operating footprint, while scaling across our customer portfolios,” said Paul Ghezzi, CEO of Kontrol. “Our customers seek a unified platform to better manage their buildings and critical energy infrastructure, including the increasingly important water monitoring vertical. The more technology Kontrol deploys to provide real-time data and controls for important infrastructure and utilities, the greater our ability to deliver value to our customers, and ultimately to our shareholders.”
A New Regulated Market
Kontrol is entering the water reporting, monitoring and conservation market due to increasing regulations and the importance of reducing water waste. It is typical that most large buildings report their annual water usage and water conservation plans. Importantly, areas that are impacted by drought measures can also include regulated conservation.
Integration with Global HVAC and Automation
Through integration with its latest acquisition of Global HVAC and Automation (“Global”), Kontrol will offer its customers smart meters and sensors on its unified SmartSite platform. Smart water meters are an important tool to help end users optimize water resource, monitor for leaks, and provide real-time service, however they often lack an easy to use and unified platform.
“This new opportunity is an example of our continued integration with Global’s operations,” continued Ghezzi. “Prior to the acquisition, Global was outsourcing all building technology to third parties. We are now working diligently to bring those opportunities in-house and add to what is being offered to customers on a recurring basis.”
Recurring Revenues
As the Company deploys its technology to aggregate data, monitor and provide smart learning opportunities to optimize buildings in real-time, it seeks to create recurring revenues through both software and service. Customers can benefit from remote shutoff capability, data visualization, leak monitoring and overall consumption measured against conservation measures.
New Construction and Building Retrofit
With the completion of the Global acquisition, the Company can now offer solutions both in the new construction and retrofit market.
About Kontrol Technologies Corp.
Kontrol Technologies Corp. (NEO:KNR) (OTCQB:KNRLF) (FSE:1K8) is a leader in smart buildings and cities through IoT, Cloud and SaaS technology. Kontrol provides a combination of software, hardware, and service solutions to its customers to improve energy management, air quality and continuous emission monitoring.
Additional information about Kontrol Technologies Corp. can be found on its website at www.kontrolcorp.com and by reviewing its profile on SEDAR at www.sedar.com
Neither IIROC nor any stock exchange or other securities regulatory authority accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions, and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy.
Where Kontrol expresses or implies an expectation or belief as to future events or results, such expectation or belief is based on assumptions made in good faith and believed to have a reasonable basis. Such assumptions include, without limitation, that sufficient capital will be available to the Company and that technology will be as effective as anticipated.
However, forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from future results expressed, projected, or implied by such forward-looking statements. Such risks include, but are not limited to, that sufficient capital and financing cannot be obtained on reasonable terms, or at all; that those technologies will not prove as effective as expected; those customers and potential customers will not be as accepting of the Company's product and service offering as expected; and government and regulatory factors impacting the energy conservation industry.
Accordingly, undue reliance should not be placed on forward-looking statements and the forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained herein are made as at the date hereof and are based on the beliefs, estimates, expectations, and opinions of management on such date. Kontrol does not undertake any obligation to update publicly or revise any such forward-looking statements or any forward-looking statements contained in any other documents whether as a result of new information, future events or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required under applicable securities law. Readers are cautioned to consider these and other factors, uncertainties, and potential events carefully and not to put undue reliance on forward-looking information.
Kontrol Technologies Corp.
Paul Ghezzi
CEO
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180 Jardin Drive, Unit 9, Vaughan, ON L4K 1X8
Tel: (905) 766.0400
Investor Relations:
Brooks Hamilton
MZ Group – MZ North America
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Tel: +1 (949) 546-6326
PASO ROBLES, Calif.--(BUSINESS WIRE)--Pearce Services, a nationwide leader in operations, maintenance, and engineering for mission-critical telecom and renewable energy infrastructure, announced its new Pearce Renewables division today. Over the last 15 months, Pearce has combined highly experienced talent recruited from the renewable energy industry and acquired the industry-leading independent service providers – MaxGen Energy Services (“MaxGen”), World Wind & Solar (“WWS”), A & A Wind Pros (“A & A”), Mortenson Energy Services (“MES”), and Mountain Renewables – together forming a best-in-class team. Pearce Renewables is now the nation’s leading independent service provider for commercial and utility-scale wind, solar, EV charging, and energy storage assets.
“The Pearce Renewables brand signifies our ability to provide customers with a unified, comprehensive service experience at all phases of their project or asset lifecycle. Our suite of renewable energy solutions includes commissioning, operations and maintenance, engineering, spare parts and logistics, and training. More recently, and with the aid of these strategic acquisitions, we have enhanced our re-power, emergency response, and catastrophic repair or rebuild solutions,” said Daryl Ragsdale, Vice President of Business Development at Pearce Renewables. “We continue to deliver service excellence with our team of experienced professionals and Pearce’s technology-enabled platform, and pride ourselves on offering safe, innovative, efficient, and customized solutions to ensure sites are performing optimally for our clients.”
Over the past year, Pearce has continued to experience rapid growth while dramatically expanding its service capabilities. With over 1,700 employees throughout the nation servicing approximately 50,000 unique locations, Pearce is one of the largest independent service providers (ISP) in the renewable energy industry, serving a wide range of OEMs, asset owners, and operators. Pearce’s broad service capabilities and geographic footprint throughout the United States provides an excellent home for field technicians and service professionals to grow and advance their careers.
“We are thrilled to launch the Pearce Renewables brand. Our diverse team of energy industry veterans and full suite of technical capabilities, combined with the resource base and technology platform of Pearce Services, makes us the service partner of choice for the industry. Customers finally have a strategic service partner for the full lifecycle of their assets,” said Mark McLanahan of Pearce Renewables.
The Pearce Renewables brand will be fully implemented by January 2022. While the name may be changing, the safety, quality service, and professionalism of Pearce’s world-class team will remain the same. Pearce will continue to help provide a cleaner future by delivering service excellence anytime and anywhere for our nation’s renewable energy infrastructure.
About Pearce Services
Pearce Services, founded in 1998, is a leading national provider of operations, maintenance, and engineering services for mission-critical infrastructure. Pearce offers innovative, technology-enabled services for telecom, wind, solar, electric vehicle (EV), and energy storage system infrastructure customers safely around-the-clock. With nationwide coverage, we can deploy our highly trained technicians quickly and efficiently to provide unmatched response times, safety, quality, and consistent service for distributed, mission-critical assets. Pearce’s engineering and support teams use sophisticated software, analytics, and detailed safety plans to support our technical experts in the field. Constant innovation and close collaboration with our customers are a hallmark of our service. To learn more about Pearce Services and Pearce Renewables, visit www.pearce-services.com or www.pearce-renewables.com.
Dana Gorman / Matthew Butler
Abernathy MacGregor
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212-371-5999 / 212-371-5999
FARGO, N.D.--(BUSINESS WIRE)--Bushel, an independently owned software technology company focused on developing solutions for the grain supply chain, today announced its acquisition of GrainBridge, LLC, a joint venture owned by ADM and Cargill Incorporated.
GrainBridge employees will join the Bushel team and remain based in Omaha, Neb. Their data expertise will help to further strengthen the end-to-end capabilities of the Bushel platform and enable Bushel’s customers to better serve their farm customers. ADM and Cargill will be working with their customers to transition to the Bushel platform providing a more expansive offering.
“Innovation is one of the pillars of ADM’s strategy, and we’re committed to continually improving and expanding digital technology to help support the producers who grow our food,” said Doug Roose, Vice President Producer Marketing, ADM. “In 2019 we were proud to announce GrainBridge, a joint effort with Cargill to bring together new and useful tools for farmers in a single, easy-to-use digital platform. Now, we’re excited to take the next step: Bringing GrainBridge and Bushel together will give farmers a path to new features and functionality, including existing staples like the ability to see local cash bids and account information. This is a win for producers, and it’s a win for our industry, as we continue to innovate and improve to strengthen the entire food and ag value chain.”
ADM joins Cargill and more than 200 other local country cooperatives, processors, feed mills, ethanol plants, and other biofuel companies who are collaborating in building the industry’s largest digital infrastructure network.
The acquisition complements Bushel’s strategic focus to enable, not disrupt, the agriculture industry and lead it into the digital age with strategies that solve real pain points and provide value for all stakeholders in the ag and food value chain. By providing permission-based data sharing and visualization, there will be improved data-based decision-making. These connections can support all points of the supply chain from grower to grain origination to consumer packaged goods (CPG companies).
Specific examples include:
“ADM and Cargill came together with GrainBridge to better understand the digital grain marketing landscape. This next step of bringing GrainBridge together with Bushel will provide better outcomes for farmers by improving their grain marketing and selling practices,” said Jeff Klock, Global Digital Strategy Leader, Cargill. “We look forward to continuing to engage with Bushel to continue our journey to understand and serve the market not just for today, but for the future.”’
Because both Bushel and GrainBridge collaborate with a number of different partners throughout the grain supply chain, this acquisition will continue to maintain the standard of permission-based control within the sharing of data. Both growers and grain buying facilities will maintain control over when and how their data will be shared throughout the supply chain. The partners who the grower and the grain facility choose to do business with are integrated directly into the software so the information is readily accessible and does not require manual data entry.
“The collaboration of the grain industry behind Bushel will lead to faster standardization, which leads to faster innovation. As an industry, it is more efficient to be working together and collaborating on resources to improve the North American grain trade,” said CEO Jake Joraanstad. “Adding the GrainBridge team members to Bushel gives us stronger data science capabilities to provide even better insights from our expanded network.”
Learn more:
To learn more, visit bushelpowered.com and grainbridge.com
About Bushel
Bushel is an independently owned software company and leading provider of software technology solutions for growers, grain buyers, ag retailers, protein producers and food companies, headquartered in Fargo, N.D. Since launching in 2017, Bushel’s platform has grown rapidly, now powering nearly 2,000 grain facilities across the U.S. and Canada with real-time business information for their producers. Bushel’s platform now reaches 40% of grain origination in the United States, resulting in inarguably the largest technology network effect among growers and grain buyers in the U.S. today. Bushel’s product suite includes its flagship mobile app, websites, trading tools, market feeds, API services, FarmLogs and a custom software division focused on agriculture. Bushel has been focused on building software since the company was founded in 2011. Data privacy is a cornerstone of Bushel’s philosophy. Read here Bushel’s Data Ethos.
Bushel contact:
Julia Eberhart
Public Relations & Communications Manager
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(605) 690-1418
For sales and partnership inquiries:
Jeremy Johnson
Senior Partner
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(701) 371-1524
PORTSMOUTH, United Kingdom--(BUSINESS WIRE)--#ESCA--In May 2021, The International Cable Protection Committee (ICPC) launched a campaign to hire a UK-based Project Manager, and after a thorough review process of qualified candidates, the ICPC has selected Mr John Wrottesley to fill this new role and they are pleased to announce his contract with the organisation commenced on 14th September 2021. Mr Wrottesley joins the team from Red Penguin (an Associate Member company of the ICPC).
As Project Manager, Mr Wrottesley will coordinate and oversee the organisation’s sponsored projects and additional research initiatives as well as ICPC Recommendations (which are document guides to aid the submarine cable industry in promoting the highest goals of reliability and safety in the submarine cable environment). The new Project Manager will work under the oversight of the ICPC General Manager, Mr Ryan Wopschall, and will collaborate closely with the Secretariat, the Executive Committee, International Cable Law Adviser, Marine Environmental Adviser, and UN Observer Representative.
Mr Wrottesley has been working in the submarine cable industry for 13 years, primarily in permitting for cables relating to the telecommunications, energy (offshore wind and interconnectors) and oil and gas industries around the globe. He has been involved in submarine cable industry bodies for many years and was the Chairman of the Technical and Regulatory Subgroup within European Subsea Cables Association (ESCA). Presently, he is the Liaison Officer for ESCA in addition to his work for the ICPC.
When asked about his new appointment, Mr Wrottesley stated, ‘Having already being very familiar with the ICPC over the years, I am honoured to now be involved in the significant day-to-day activities of the ICPC and grateful to operate more closely on their achievements for the worldwide submarine cable community. I look forward to working with the ICPC General Manager, Secretariat, EC and Advisers, and contributing to the continued great work undertaken by the ICPC.’
About the ICPC. The ICPC is the world’s premier submarine cable protection organisation. It was formed in 1958 to promote the protection of submarine cables against human-made and natural hazards. It provides a forum for the exchange of technical, legal, and environmental information about submarine cables and engages with stakeholders and governments globally to promote submarine cable protection. The ICPC has over 170 Members from over 60 nations, including cable operators, owners, manufacturers, industry service providers, as well as governments. For further information about the ICPC, see www.iscpc.org and www.linkedin.com/company/icpc-ltd/.
ICPC:
Ryan Wopschall, ICPC General Manager
+1 541 306 1549
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HOUSTON--(BUSINESS WIRE)--Piñon Midstream, LLC (Piñon) today announced its greenfield sour gas treating and carbon capture facility (the Dark Horse Facility) and its associated pipelines, compressor stations, and acid gas sequestration infrastructure were placed into service with the initial capacity fully subscribed. The facility is operating near its initial treating capacity of approximately 85 million cubic feet per day (MMcf/d) of sour natural gas.
Located in Lea County, New Mexico, the Dark Horse Facility brings a state-of-the-art, purpose-built sour gas treating and carbon capture facility to the Delaware Basin. The facility was specifically built to capture and permanently sequester both carbon dioxide (CO2) and hydrogen sulfide (H2S) from operators’ natural gas volumes and redeliver their “sweet” gas to third-party midstream processors within the region.
Growth Plans Underway for the Dark Horse Facility
Piñon is near completion on the installation of a second amine treating plant (“Plant 2”), expected to be completed in October 2021. When operational, the second amine plant will increase treating capacity of the Dark Horse Facility to approximately 170 MMcf/d.
“We are excited to announce that our Dark Horse Facility is open for business,” said Piñon Midstream Co-Founder and President Steven Green. “The producers in our area have had a dire need for a long-term and environmentally friendly solution to the extreme acid gas concentrations that have previously challenged the region. By removing and sequestering these gases, the Dark Horse Facility makes it possible for operators to realize a single-source solution to CO2 and H2S contaminants that are prevalent throughout the basin.”
“We are also excited to announce that the capacity of Plant 1 is fully subscribed along with a portion of the capacity in Plant 2,” said Piñon Midstream Co-Founder and Chief Commercial Officer Justin Bennett.
The Dark Horse Facility and associated infrastructure includes a centralized amine treating plant (“Plant 1”) along with an 18,000-foot-deep acid gas sequestration well (“Independence AGI #1”), 40,000 horsepower of full NACE field and plant compression, and 30 miles of high-pressure gathering and redelivery pipelines. The facility is expandable to treat up to 400 MMcf/d of sour gas.
Piñon’s Independence AGI #1 is New Mexico’s deepest and largest acid gas injection well, with the capacity to permanently sequester up to 175,000 tons of CO2 and 75,000 tons of H2S annually. Sequestration capacity for the Dark Horse Facility will double when the Independence AGI #2 well is completed and placed into service. Independence AGI #2 is scheduled for completion in 2022.
New Senior Secured Credit Facility
In August 2021, Piñon closed on a new senior secured credit facility with BOK Financial. The proceeds will be used to fund expansion projects and for other general business purposes.
“Piñon is very excited to partner with BOK Financial to support our system buildout and growth objectives,” said David Cargill, Piñon’s Vice President of Finance. “This facility, combined with our equity commitment from Black Bay Energy Capital, provides ample liquidity to satisfy the growing demand for sour gas treatment and carbon capture solutions in the Delaware Basin.”
About Piñon Midstream, LLC
Piñon Midstream, LLC was formed in 2020 by midstream veterans Steven Green and Justin Bennett to provide a viable solution to the sour gas problem in the northeastern Delaware Basin. Formed with financial backing from Black Bay Energy Capital and supported by underwriting commitments from Ameredev II, Piñon delivers a full menu of sour gas services that include field gathering and compression, sour condensate stabilization and marketing, amine treating for removal of H2S and CO2, H2S and CO2 geologic sequestration, and high-pressure delivery of treated sweet gas to multiple area third-party processing plants. For more information, please visit www.pinonmidstream.com.
About Black Bay Energy Capital
Black Bay Energy Capital (“Black Bay”) is an energy private equity firm focused on the North American energy sector. Black Bay invests equity capital in businesses managed by talented entrepreneurs that provide a differentiated product or service to their clients to help reduce costs, improve operations, and achieve ESG initiatives. The firm’s investment strategy and success stem from the more than 75 years its investment professionals have been working day-to-day with great teams and building high-growth companies. For more information, please visit www.blackbayenergy.com.
Bevo Beaven
TEN|10 Group, LLC
303.433.4397, x114 o
720.666.5064 m
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BOSTON--(BUSINESS WIRE)--#DigitalTransformation--The world can accelerate urgent climate action and halve carbon dioxide (CO2) emissions by 2030, according to Schneider Electric, the leader in the digital transformation of energy management and automation, recognized as the World’s Most Sustainable Corporation in 2021 by Corporate Knights. Kicking off the Innovation Summit World Tour 2021, Schneider Electric Chairman and CEO Jean-Pascal Tricoire’s keynote advocates achievable pathways to net zero set out in the “The 2030 imperative: A race against time” report from the Schneider Electric Sustainability Research Institute.
Schneider Electric’s flagship annual Innovation Summit World Tour (October 12-November 12) will address global climate challenges and guide customers, partners, regulators, and policymakers on rapidly reducing emissions to decarbonize the world’s economy in this decisive decade. Attendees will experience Schneider Electric’s digital and sustainable innovation and learn more about Electricity 4.0 and Next-generation automation.
Urgent need to act fast to decarbonize
Tricoire’s Innovation Summit World Tour keynote urges attendees to adopt critical decarbonization measures and offers Schneider Electric’s own research as a blueprint to stay within a global warming trajectory of 1.5°C degrees. This report details the need to reduce emissions by 30-50 percent this decade, compared to current levels. Missing this makes it virtually impossible to limit temperature rise to a 1.5°C degree threshold as outlined by the Intergovernmental Panel for Climate Change (IPCC).
The Schneider Electric Sustainability Research Institute modelling shows how 10GtCO2/y can be realistically and affordably abated by 2030. The report focused on a subset of global greenhouse gas emissions. Out of 50GtCO2e/y, “The 2030 Imperative” scenario finds a 30% (10GtCO2e/y) abatement opportunity from a 30GtCO2/y baseline of all energy-related emissions, a significant acceleration from current pledges (ranging around 3GtCO2e/y, which is 10% of the emissions reduction target). There remains however around 20GtCO2e/y of non-energy related emissions which is not covered in this report's modelling.
Schneider Electric is calling for a 3-5 times greater effort from governments and corporates. The Institute believes the only realistic roadmap for success is to deploy proven digital technologies alongside increased electrification as the fastest way to decarbonize buildings, transport, and industry. This approach buys time to address hard-to-abate sectors. Its modelling clearly shows alternative pathways will place too high a burden on consumers.
“Despite increased momentum around sustainability and more companies adopting ambitious targets to tackle climate change, this research reveals how we need to speed up. At Schneider Electric, we are uniquely part of the solution. To support organizations in their quest to decarbonize at pace and deliver on their climate commitments, we are accelerating the expansion of our global sustainability consulting services business to meet the increasing demand for meaningful progress on energy transition and climate action goals,” said Jean-Pascal Tricoire, Chairman and CEO, Schneider Electric. “What organizations require today is a trusted partner who combines strategic planning and target setting with a proven track record of solutions implementation to deliver faster, tangible sustainable outcomes. Having successfully overcome many sustainability challenges ourselves, and in so doing, achieved world-leading digital and electric solutions in our own facilities, we are well-positioned to help others go faster and further.”
Strategies and solutions to decarbonize value chains
Building on its sustainability leadership and the ambition of the 2021-2025 Schneider Sustainability Index, Schneider Electric is accelerating its global sustainability consulting business and expand on a 10-year track record of success in energy and sustainability services.
Today, Schneider Electric is the world’s leader in energy efficiency, energy management, renewable energy procurement, carbon reporting, climate risk assessment, and supply chain decarbonization, providing software and consulting services to more than 30% of the Fortune 500. Customers include Johnson & Johnson, Walmart, Faurecia, Kellogg, Takeda, Velux Group, Unilever, and T-Mobile, among others.
Increasing demand for Schneider’s “ambition + action” advisory services is behind this expansion, including:
Being part of the solution through digital disruption
As part of its ambition to drive sustainable innovation and build net zero pathways, Schneider Electric helps customers in many sectors to innovate and move to open, interoperable, digital, and simplified systems and smarter ways of doing business. At Innovation Summit World Tour, Schneider Electric is unveiling digital innovation for carbon abatement in homes, buildings, data centers, power grids, and industries.
Electricity 4.0: Powering the New Electric World with Smart Green Energy
Today, we are witnessing the convergence of digital and electric at scale with software. Electric makes energy green and the best vector for decarbonization. Digital makes energy smart to drive efficiency and eliminate waste. This convergence delivers ‘Electricity 4.0’, the fuel for a New Electric World.
Industries of the Future: Resilient and Sustainable with Next-generation Automation.
Step changes in efficiency and agility can be achieved through artificial intelligence, digital twin technology, human insight supported by advanced analytics, and vendor-agnostic industrial software—including Performance Intelligence from AVEVA.
About Schneider Electric
Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.
Our mission is to be your digital partner for Sustainability and Efficiency.
We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.
We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.
Discover Life Is On | Follow us on: Twitter, Facebook, LinkedIn, YouTube, Instagram, Blog
Hashtags: #SchneiderElectric #LifeIsOn #EcoStruxure, #Sustainability, #energytransformation, #decarbonization, #climateaction, #DigitalTransformation, #PowerManagement, #IoT
Schneider Electric Media Relations – Vicki True; 774-613-1158; This email address is being protected from spambots. You need JavaScript enabled to view it.
PR Agency for Schneider Electric – Kappie Kopp; 919-741-9446; This email address is being protected from spambots. You need JavaScript enabled to view it.
ROCKVILLE, Md.--(BUSINESS WIRE)--#AmericanJobs--Goodwill Industries of the Valleys is harnessing clean energy from the sun to save on their electricity bill, allowing them to put those savings directly into the work they do, ensuring every individual can acquire the skills and support needed to earn a good job and advance into a sustainable career.
The new rooftop solar array is located on the Roanoke Jobs Campus building in Roanoke, Virginia. This is one of several solar projects that RER Energy Group has been honored to develop for organizations in the Goodwill movement, and the first of these acquired by Standard Solar Inc., a nationally recognized leader in the development, funding, ownership, and operation of commercial and community solar assets.
Goodwill Industries of the Valleys’ Chief Financial & Compliance Officer, Jackson Green, said, “This is our second solar array. Solar makes economic sense for Goodwill, and it aligns with our value of stewardship. The new array will save us money and be a long-term solution to rising energy costs. The money saved will provide for more opportunities for future investment in people, programs and new ventures which will strengthen our mission and the communities we serve. We are committed to reducing the carbon footprint of Goodwill.”
While many non-profits may want to reduce their carbon footprint, ensuring that an organization also gets real financial benefits from solar takes commitment from project funders like Standard Solar working closely with developers like RER Energy Group, whose mission is to leverage solar to strengthen communities.
“We applaud Goodwill Industries of the Valleys for joining other Goodwills that have already gone solar and demonstrating how solar supports the movement’s overall mission of sustainability,” said Jim Kurtz, President RER.
“Adding this project to our commercial & industrial (C&I) portfolio is a meaningful step in helping non-profits, including Goodwill Industries of the Valleys, benefit from the power of solar and controlled energy costs,” said Eric Partyka, Director of Business Development-National Accounts, Standard Solar. “Adopting solar technology allows Goodwill to reduce its carbon footprint and enhance its mission to ensure every individual can acquire the skills and supports needed to earn a good job and advance into a sustainable career.”
The 547.92 kW project is expected to generate 90% of the building’s onsite electricity needs. Each year the array will produce 742 megawatt-hours of electricity, an annual reduction in CO2 emissions equivalent to 581,205 pounds of coal burned and 63,964,861 smartphones charged.
Click here to view a video of the solar array at the Goodwill Roanoke Jobs Campus.
About Goodwill Industries of the Valleys
Goodwill Industries of the Valleys serves 35 counties and 14 cities throughout Central, Southwest, and Southside Virginia. Its mission is to eliminate poverty through empowering individuals, strengthening families, and building stronger communities. In 2020, Goodwill served 63,078 youth, adults, and seniors who needed assistance getting back to work and gaining greater independence, placed 2,598 people into jobs in our community, and helped individuals attain 6,321 industry recognized credentials that will allow them to be more competitive in their job search and to find higher paying employment. At the end of August, Goodwill had already assisted nearly 26,000 people in 2021. Visit www.goodwillvalleys.com for more information.
About RER Energy Group
Founded in September 2009, RER Energy Group is a national leader in renewable energy deployment. RER’s mission is to leverage solar to strengthen communities and works relentlessly to find innovative solutions that lead to more savings through solar. RER provides cost efficient and quality renewable energy systems to non-profit, commercial, industrial, and municipal organizations throughout the U.S. and Mexico. To date, RER has developed more than 60 Megawatts (MW) of solar arrays for over 120 clients. To help fund these solar systems, RER has assisted clients in securing more than $30 million in State and Federal grants. For more information, visit rerenergygroup.com.
About Standard Solar
Standard Solar is powering the nation’s energy transformation – channeling its project development capabilities, financial strength and technical expertise to deliver the benefits of solar, as well as solar + storage, to businesses, institutions, farms, governments, communities and utilities. Building on 17 years of sustainable growth and in-house and tax equity investment capital, Standard Solar is a national leader in the development, funding and long-term ownership and operation of commercial and community solar assets. Recognized as an established financial partner with immediate, deep resources, the company owns and operates more than 225 megawatts of solar across the United States. Standard Solar is based in Rockville, MD. Learn more at standardsolar.com, LinkedIn and Twitter: @StandardSolar.
PR Contact for Standard Solar:
Leah Wilkinson
Wilkinson + Associates
703-907-0010
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PR Contact for RER Energy Group:
Jennifer Cruz
703-727-5002
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BOSTON--(BUSINESS WIRE)--#DigitalTransformation--Schneider Electric, the global leader in the digital transformation of energy management and automation, Schneider Electric, the leader in the digital transformation of energy management and automation, and recognized by the Corporate Knights Global 100 Index as the world’s most sustainable corporation in 2021, has announced the acceleration of its global sustainability consulting business to meet the increasing demand of organizations making meaningful progress on their energy transition and decarbonization goals.
The division expansion will double the company’s existing consulting practice and include new services and digital solutions across sustainability strategy, climate action and risk management, ESG reporting and materiality, circularity, and traceability, among others, bolstered by enhanced growth in Europe, APAC, and the Americas.
An established leader
The announcement builds on Schneider Electric’s track-record as a sustainability leader and its own raised commitments and ambitious 2021-2025 Schneider Sustainability Impact targets (SSI), inclusive of a goal to save or avoid up to 800 million metric tons of emissions on behalf of its customers.
The accelerated growth in consulting will supplement the company’s 10-year track record of success in energy and sustainability services. Today, the company is the world’s leader in energy efficiency, energy management, renewable energy procurement, carbon reporting, climate risk, and supply chain decarbonization, providing end-to-end software and services to more than 30% of the Fortune 500, across more than 100 countries on six continents.
Schneider Electric is already one of the largest energy managers in the world by volume, managing, on average, more than USD$30B in global energy spend every year on behalf of its customers. The company is also the leading advisor on corporate renewable energy purchasing, having advised clients on the execution of more than 150 bilateral PPA agreements, for a total of more than 11,000 megawatts of renewable power, since 2014. The company’s clients include Johnson & Johnson, Walmart, Faurecia, Kellogg, Takeda, Velux Group, and T-Mobile, among others.
Decarbonization reaches new urgency
The urgency to rapidly decarbonize was again reinforced by the release of the 6th report from the Intergovernmental Panel on Climate Change (IPCC) in August. The report found that climate change has begun to affect every natural system to some degree, but that “strong and sustained” emissions reduction may yet limit the worst impacts of these planetary changes.
Businesses have increasingly recognized the importance of proactively managing energy and emissions to manage and mitigate climate risk. The disruptive effects of the COVID-19 pandemic heightened this awareness, with some calling the pandemic a “trial run” for how business and the economy may be impacted by climate change.
Further, as companies grapple with the impacts of climate-driven extreme weather events such as droughts, flooding, and hurricanes, investor sensitivity to climate-related investment risks has also grown. To date, more than 10,000 companies are disclosing their emissions to CDP on an annual basis, while more than 1,000 businesses have set science-based carbon reduction goals. A recent study by Pimco found that mentions of environment, society, and governance (ESG) on corporate earning calls have increased from 0%-1% from 2005-2018 to 19% in May 2021.
Pressure to decarbonize has particularly intensified for companies with significant disruption/climate risk exposure or activist investors, including oil & gas, financial services, commercial real estate, food & beverage, cloud & service provider, and those in hard-to-abate sectors such as heavy industry and manufacturing. Many companies report feeling these pressures for the first time in 2021 as investors scrutinize their portfolios for environmental and social responsibility.
Yet, mounting evidence suggests that organizations are not moving nearly fast enough to align efforts with the 1.5 degree Celsius warming pathway recommended by the IPCC. The Science-based Targets Initiative recently found that only 20% of G20 companies have climate targets aligned to prevailing science. Further, Schneider Electric’s own recent global research of companies earning more than $250M annually found that only 29% of respondents have developed and published climate action plans, while 36% report that they will explore climate action over time (25%), or intend to maintain their current business model indefinitely (11%).
“We know that addressing climate change is the defining issue of our generation, and that businesses play a key role – but we also know that we must go faster if we are to avoid the worst impacts of warming this century,” said Olivier Blum, Chief Strategy and Sustainability Officer for Schneider Electric. “By combining our own experience in sustainability with our market-leading services in decarbonization and energy strategy and action, we can escalate the transition to a cleaner, greener future.”
Schneider Electric uniquely positioned as partner of choice for Net Zero
This increasing market need, and demand, for high-value skills and Schneider’s unique “ambition + action” approach to consulting, is behind its ambitions and enhanced capabilities. To date in 2021 alone, the company has launched four new services to meet this growing challenge:
The consulting group is developing additional services in circularity and traceability, and new ESG modules for the award-winning EcoStruxure™ Resource Advisor software platform to meet growing organizational demand for the expanded tracking of societal and governance metrics.
These new services enhance Schneider’s existing portfolio of digital, sustainable, and efficient solutions, including the company’s Green Premium™ product label and EcoStruxure stack. When taken together, Schneider’s solutions provide one of the most comprehensive paths to net zero emissions in the market today.
“We are seeing increasing market momentum as businesses set and work towards decarbonization commitments. But the current trajectory of emission reduction is still not bold enough, not fast enough. By growing our consulting business, we can help our clients accelerate this momentum,” said Schneider Electric consulting group president Susan Uthayakumar. “The decisions and actions of business leaders in the next decade will be some of the most consequential of our lives, and it is an honor for Schneider Electric to stand alongside our clients at the vanguard of this global movement for change.”
About Schneider Electric
Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.
Our mission is to be your digital partner for Sustainability and Efficiency.
We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.
We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.
Discover Life Is On | Follow us on: Twitter, Facebook, LinkedIn, YouTube, Instagram, Blog
Hashtags: #SchneiderElectric #LifeIsOn #EcoStruxure, #Sustainability, #energytransformation, #decarbonization, #climateaction, #DigitalTransformation, #PowerManagement, #IoT
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HOUSTON--(BUSINESS WIRE)--#HooverCS--Hoover CS, a leading provider of sustainable packaging and fleet management solutions, announced today that Arash Hassanian, Senior Vice President, will assume the role of President effective immediately.
Hassanian has been with the company for more than fifteen years, serving in several different roles with increasing responsibilities. Most notably, Hassanian was instrumental in leading the company’s strategic transformation earlier this year towards the support of sustainability and environmental responsibility in industrial packaging.
“Arash has been a driving force in guiding the growth of our business over the past few years,” said Kevin Friar, CEO, Hoover CS. “His passion for sustainability, dedication to sales force productivity and effectiveness, and leadership for improving operational procedures across the business provide tremendous value to our team. His knowledge and experience will be pivotal to our future success.”
In his new role as President, Hassanian will lead Hoover CS’s global sales and operations teams and work to accelerate the company’s growth as it pushes forward with empowering environmental responsibility through sustainable packaging solutions.
About Hoover CS
Hoover CS is paving the way for customers across the chemical, refining and general industrial-end markets to move away from single-use containers. Through its large rental fleet of reusable liquid and dry IBCs and ISO tanks, combined with integrity management and fleet management services, Hoover CS’s sustainable packaging solutions facilitate circularity across the supply chain, yielding an optimized environmental footprint through reduced plastic, water conservation, and lower greenhouse gas emissions. For more information, please visit www.hooversolutions.com.
Lana Belmokadem,
Vice President of Marketing, Hoover CS
+1-281-870-8402 x 1075
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DUBLIN--(BUSINESS WIRE)--The "Global IoT in Oil and Gas Market Research Report: Forecast (2021-2026)" report has been added to ResearchAndMarkets.com's offering.
The market is likely to grow at a CAGR of around 23% during 2021-2026, according to the report.
The market growth attributes to the surging demand for enhancing the operational efficiency of the oil & gas industry to accomplish energy requirements. In addition to this, the increasing threat of cyber-attacks and the decline in the availability of skilled labor in the oil and gas industry are other major factors fueling the market growth.
Further, the mounting requirement of oil and gas companies to access real-time information across all locations leads to an increase in the demand for integrating IoT in oil & gas industries, thereby boosting the market growth.
Surging Demand for Digital Solutions in the Industry
The oil and gas companies face a significant challenge in addressing the fluctuation of demand and pricing in their industry. Therefore, there is an increasing demand for a digital solution in these sectors to help connect physical objects to the Internet and enhance communication & management of massive data among all connected devices.
Impact of COVID-19
The sudden outbreak of the COVID-19 pandemic has aided the need for technological developments and new applications within different end-use verticals. Moreover, due to the spread of disease, the demand for integrating IoT in oil & gas industries witnessed tremendous growth to enhance operational efficiency.
Further, the spread of the pandemic resulted in a declining number of working staff. Hence, the demand for IoT in oil and gas increased significantly to manage communication between physical objects of the industry and improve their efficiency.
Asset Management Accounted for the Largest Market Share
Based on the Application, the market bifurcates into Preventive Maintenance, Pipeline & Equipment Monitoring, Fleet and Asset Management, Security Management, Asset Management, and Others including Data Management and Hazardous Management. Among these segments, Asset Management acquired the largest share in the Global IoT in the Oil and Gas Market in the previous few years.
IoT-enabled asset management solution is beneficial for integrating every asset with all process & workflows into a single platform, which, in turn, offer a central & consolidated tracking system. Asset management includes asset maintenance that further helps control operations of assets and achieves an organizational strategic plan. Thus, these factors lead to boost the segment's growth.
Data Management Dominated the Market
Based on the Solution, the market segments into Communication, Sensing, Data Management, Cloud, and Edge Computing. Amongst these, Data Management captured a significant share in the Global IoT in the Oil and Gas Market in the previous few years. Data management through IoT enables users to refine massive data into essential information and helps the user track, monitor, and manage the devices efficiently, thereby augmenting the segment growth.
North America Attained the Highest Market Share
Geographically, the North American region held the largest share in the Global IoT in the Oil and Gas Market in the past few years due to a surging production rate of unconventional energy sources, including oil and gas. In addition to this, the rapid expansion of offshore shipping for oil transportation, increasing awareness, and technological advancements in the region further propel the market growth.
Key Questions Answered
1. What are the overall market statistics or estimates (Market Overview, Market Size - by Value, Forecast Numbers, Market Segmentation, and Market Shares) of the Global IoT in the Oil and Gas Market?
2. What are the region-wise industry size, growth drivers, and challenges?
3. What are the key innovations, opportunities, current & future trends, and regulations in Global IoT in Oil and Gas Market?
4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in Global IoT in Oil and Gas market based on a competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the Global IoT in Oil and Gas Market study?
Major Companies Profiled
For more information about this report visit https://www.researchandmarkets.com/r/n1n0ub
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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ALBERTA, Calgary--(BUSINESS WIRE)--#E2Eenergysolutions--E2E will be releasing the details of its new patent pending process Enhanced Geothermal Reservoir Recovery System or EGRRS at its virtual PTAC TIS presentation October 14 at 10:30am MST. The presentation can be viewed live by registering in advance on the PTAC website: PTAC TIS: E2E Energy Solutions Inc.
E2E Energy Solutions is a Calgary based alternative energy company providing new innovative solutions to help the world meet its goals of a net zero carbon economy.
Nick Daprocida, President and CEO
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Tracey Kukurudz, Director of Administration
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SES to unveil new electric vehicle Li-Metal cells
BOSTON--(BUSINESS WIRE)--#automotive--SES Holdings Pte. Ltd. (SES), a global leader in the development and initial production of high-performance hybrid lithium-metal (Li-Metal) rechargeable batteries for electric vehicles (EVs) and other applications today announced its inaugural Battery World virtual events taking place in the United States on November 3, and in South Korea and China on November 4.
In July 2021, SES announced plans to list on the New York Stock Exchange (NYSE) through a merger with Ivanhoe Capital Acquisition Corp. (NYSE: IVAN) (“Ivanhoe Capital”). Upon the closing of the transaction, the combined company will be listed on the NYSE under the new ticker symbol “SES.”
SES Battery World U.S. Details:
Keynote: In his keynote address, Dr. Qichao Hu, Founder and CEO of SES, will discuss SES’s strategy and vision for the future of batteries. In addition, he will announce major breakthroughs in hybrid Li-Metal battery cell development and advancements in SES’s planned production capacity.
Beyond Li-ion™ Panel:
A panel of world-renowned battery experts will then discuss the future of battery technology. Moderated by Mark Newman, former senior analyst at Bernstein, board member at Faraday Institution and senior advisor to Ivanhoe and SES, this panel will feature:
Q&A: Following the panel, there will be a live Q&A with all attendees.
“SES has spent nearly a decade getting our hybrid Li-Metal battery ready for this day,” said Dr. Hu. “Simply put, our batteries work. We are not the only ones saying this. Our customers have tested our cells and we have published test reports from two different third-party test facilities for the whole world to review. I am looking forward to sharing exciting announcements and growth plans that will catapult SES from a battery development company into a full-blown battery supplier over the next decade.”
Following Battery World U.S. on November 3rd, SES will hold similar events in both South Korea and China.
SES Battery World Korea
SES Battery World China
About SES
SES is a global leader in development and initial production of high-performance Li-Metal rechargeable batteries for electric vehicles (EVs) and other applications. Founded in 2012, SES is an integrated Li-Metal battery manufacturer with strong capabilities in material, cell, module, AI-powered safety algorithms and recycling. Formerly known as SolidEnergy Systems, SES is headquartered in Singapore and has operations in Boston, Shanghai and Seoul.
About Ivanhoe Capital Acquisition Corp.
Ivanhoe Capital Acquisition Corp. (NYSE: IVAN) is a special purpose acquisition company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Ivanhoe was formed to seek a target in industries related to the paradigm shift away from fossil fuels towards the electrification of industry and society.
Forward-looking statements
All statements other than statements of historical facts contained in this press release are “forward-looking statements.” Forward-looking statements can generally be identified by the use of words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “project,” “forecast,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” “target” and other similar expressions that predict or indicate future events or events or trends that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the development and commercialization of SES’s products, the amount of capital and other benefits to be provided by the transaction, estimates and forecasts of other financial and performance metrics, and projections of market opportunity and market share. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of SES's and Ivanhoe's management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by any investor as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and may differ from assumptions, and such differences may be material. Many actual events and circumstances are beyond the control of SES and Ivanhoe. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political and legal conditions; the inability of the parties to successfully or timely consummate the business combination, including the risk that any required regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the business combination or that the approval of the shareholders of SES or Ivanhoe is not obtained; the failure to realize the anticipated benefits of the business combination; risks relating to the uncertainty of the projected financial information with respect to SES; risks related to the development and commercialization of SES's battery technology and the timing and achievement of expected business milestones; the effects of competition on SES's business; the risk that the business combination disrupts current plans and operations of Ivanhoe and SES as a result of the announcement and consummation of the business combination; the ability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and retain its management and key employees; risks relating SES’s history of no revenues and net losses; the risk that SES’s joint development agreements and other strategic alliances could be unsuccessful; risks relating to delays in the design, manufacture, regulatory approval and launch of SES’s battery cells; the risk that SES may not establish supply relationships for necessary components or pay components that are more expensive than anticipated; risks relating to competition and rapid change in the electric vehicle battery market; safety risks posed by certain components of SES’s batteries; risks relating to machinery used in the production of SES’s batteries; risks relating to the willingness of commercial vehicle and specialty vehicle operators and consumers to adopt electric vehicles; risks relating to SES’s intellectual property portfolio; the amount of redemption requests made by Ivanhoe's public shareholders; the ability of Ivanhoe or the combined company to issue equity or equity-linked securities or obtain debt financing in connection with the business combination or in the future and those factors discussed in Ivanhoe's annual report on Form 10-K, filed with the U.S. Securities and Exchange Commission (the “SEC”) on March 31, 2021, under the heading "Risk Factors," and other documents of Ivanhoe filed, or to be filed, with the SEC relating to the business combination. If any of these risks materialize or Ivanhoe's or SES's assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither Ivanhoe nor SES presently know or that Ivanhoe and SES currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Ivanhoe's and SES's expectations, plans or forecasts of future events and views only as of the date of this press release. Ivanhoe and SES anticipate that subsequent events and developments will cause Ivanhoe's and SES's assessments to change. However, while Ivanhoe and SES may elect to update these forward-looking statements at some point in the future, Ivanhoe and SES specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing Ivanhoe's and SES's assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.
Additional Information
This press release relates to the proposed business combination between Ivanhoe and SES. This press release does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Ivanhoe has filed a Registration Statement on Form S-4 with the SEC, which includes a document that serves as a joint prospectus and proxy statement, referred to as a proxy statement/prospectus, and which has not yet been declared effective. A proxy statement/prospectus will be sent to all Ivanhoe shareholders. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption therefrom. Ivanhoe will also file other documents regarding the proposed business combination with the SEC. BEFORE MAKING ANY VOTING DECISION, INVESTORS AND SECURITY HOLDERS OF IVANHOE ARE URGED TO READ THE REGISTRATION STATEMENT, THE PROXY STATEMENT/PROSPECTUS AND ALL OTHER RELEVANT DOCUMENTS FILED OR THAT WILL BE FILED WITH THE SEC IN CONNECTION WITH THE PROPOSED BUSINESS COMBINATION AS THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED BUSINESS COMBINATION.
Investors and security holders will be able to obtain free copies of the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC by Ivanhoe through the website maintained by the SEC at www.sec.gov. The documents filed by Ivanhoe with the SEC also may be obtained free of charge upon written request to Ivanhoe Capital Acquisition Corp., 1177 Avenue of the Americas, 5th Floor, New York, New York 10036.
Participants in the Solicitation
Ivanhoe, SES and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from Ivanhoe’s shareholders in connection with the proposed business combination. You can find information about Ivanhoe’s directors and executive officers and their interest in Ivanhoe can be found in Ivanhoe’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020, which was filed with the SEC on March 31, 2021. A list of the names of the directors, executive officers, other members of management and employees of Ivanhoe and SES, as well as information regarding their interests in the business combination, are contained in the Registration Statement on Form S-4 filed with the SEC by Ivanhoe. Additional information regarding the interests of such potential participants in the solicitation process may also be included in other relevant documents when they are filed with the SEC. You may obtain free copies of these documents from the sources indicated above.
Gaby Lechin
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Investors
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AUSTIN, Texas--(BUSINESS WIRE)--HUVR, Inc. (HUVR), announces the expansion of its expanding HUVR Partner Network (HPN), adding world-class inspection tool providers: DeFelsko, FLX Solutions and Planys Technologies. Every addition serves to deliver greater value to all concerned users.
The HPN is designed to provide a seamless, streamlined and simple user experience to customers, compiling data from any source for a single inspection, giving a complete view of asset health. By partnering with the best technology providers possible, HUVR enables customers to seamlessly integrate the best tools into their tank inspection workflows, without the need to waste valuable time with complex integrations.
The platform also incorporates securely-gathered information into comprehensive reporting and analytics from both internal teams and inspection service providers like:
Bob Baughman, CEO of HUVR, said, “Our goal with the HUVR Partner Network is to deliver the maximum value and most choice possible to our customers. By partnering with top companies, we expand the available options for our customers to integrate the best-in-class inspection tools into their tank inspection workflows.”
Each company brings their particular strength to HUVR’s robust platform. HUVR’s vendor-agnostic system makes it easier for customers to integrate these tools into their existing workflows:
About HUVR
HUVR was founded to help asset owners maximize ROI through comprehensive digital maintenance and inspection flows. Their vision started by providing simple tools that allow technicians to ingest their inspection data via easy and simple to use mobile tools, letting them do their jobs rather than struggling with annoying paperwork.
HUVR provides a sophisticated but simple to use system that allows clients to manage petabytes of asset data without the need for manuals or extensive training. Their clients are most pleased by the dashboard and analytics tools that give them a visualization of the health of their assets in ways they never had with simplicity. For more information visit https://www.huvrdata.com/
Jenn Starr
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NEW YORK--(BUSINESS WIRE)--#Q32021--Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, October 27, 2021 at 10 a.m. Eastern Time to discuss its third quarter 2021 earnings release.
To phone into the conference call, parties in the United States should dial 877-693-6685 and enter the pass code 5934198 after 9:45 a.m. Outside the United States, parties should dial 443-295-9223 and enter the pass code 5934198. This conference call will also be accessible by webcast (audio only).
A replay of the conference call will be available from October 27 through November 10, 2021 by dialing 855-859-2056 and entering the pass code 5934198. Outside the United States, parties should dial 404-537-3406 and enter the pass code 5934198.
Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess Corporation is available at https://www.hess.com/.
Forward-looking Statements
Certain statements in this release may constitute "forward-looking statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended, and Section 27A of the United States Securities Act of 1933, as amended. Forward-looking statements are subject to known and unknown risks and uncertainties and other factors which may cause actual results to differ materially from those expressed or implied by such statements, including, without limitation, uncertainties inherent in the measurement and interpretation of geological, geophysical and other technical data. Estimates and projections contained in this release are based on the Company’s current understanding and assessment based on reasonable assumptions. Actual results may differ materially from these estimates and projections due to certain risk factors discussed in the Corporation’s periodic filings with the Securities and Exchange Commission and other factors.
Investor contact:
Jay Wilson
(212) 536-8940
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Media contact:
Lorrie Hecker
(212) 536-8250
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NEW YORK--(BUSINESS WIRE)--Macquarie Infrastructure Holdings, LLC (NYSE: MIC) (the “Company”) announced an adjustment to the conversion ratio applicable to its 2.00% Convertible Senior Notes due 2023. The conversion ratio for the Notes increased to 162.9223 units per $1,000 of principal amount. The increase is effective October 8, 2021. The adjustment reflects the impact of the distribution to unitholders by the Company on October 7, 2021, related to the sale of its Atlantic Aviation business.
This press release is for informational purposes only and does not constitute an offer to buy or the solicitation of an offer to sell any Notes. The Notes are the subject of a repurchase offer being made only pursuant to the Fundamental Change Company Notice and Offer to Repurchase for Cash dated September 23, 2021, and the related materials that the Company has distributed to Note holders and filed with the Securities and Exchange Commission, including the amendment thereto filed today.
Note holders are encouraged to carefully read these documents before deciding whether to exercise their option to require the Company to purchase their Notes, as these documents contain important information regarding the details of the Company’s obligation to purchase the Notes. Holders of the Notes may obtain a free copy of these documents at the Securities and Exchange Commission’s website, www.sec.gov or from the trustee, paying agent and conversion agent for the Offer to Repurchase, Wells Fargo Bank, National Association, by calling toll free at (800) 344-5128 or by email at This email address is being protected from spambots. You need JavaScript enabled to view it..
About MIC
MIC’s businesses consist of entities comprising energy services, production, and distribution in Hawaii. For additional information, please visit the MIC website at www.macquarie.com/mic.
MIC is not an authorized deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). The obligations of MIC do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542 (MBL). MBL does not guarantee or otherwise provide assurance in respect of the obligations of MIC.
Investors
Jay A. Davis
Investor Relations
MIC
+1 212-231-1825
Media
Lee Lubarsky
Corporate Communications
MIC
+1 212-231-2638
HOUSTON--(BUSINESS WIRE)--$XPRO #XPRO--Leading provider of energy services, Expro (NYSE: XPRO) has won the Hart Energy’s E&P 2021 Special Meritorious Awards for Engineering Innovation (MEAs) for HSE for VIGILANCE™.
MEA is the industry’s most established and widely respected engineering awards program. Each year, the world’s best new tools and techniques for finding, developing, and producing hydrocarbons are recognized. MEA entries are judged on their game-changing significance, both technically and economically.
Expro’s VIGILANCE™ safety surveillance technology tracks equipment as well as personnel movement through a unified, real-time system with 10-centimeter accuracy, and thereby addresses one of the industry’s main key performance indicators for enhancing safety for rig floor personnel, particularly for those working in close vicinity of multiple pieces of moving equipment, or the “red zone.”
The VIGILANCE™ technology solution is portable and is customized to suit any rig environment onshore or offshore. Unlike current anti-collision systems, which do not track personnel and are unable to halt the automated operation of multiple pieces of equipment in case of interference with personnel, VIGILANCETM tracks personnel and equipment based on set boundaries established for safe operational movement. The location coordinates for each object are monitored live and the ability to interfere and/or stop unsafe operations is executed from a single command and control system. In addition, audible and visual alarms and safety interlocks can be established based on different levels of moving or collision hazards in operations.
Jeremy Angelle, Expro’s Vice President for Well Construction, commented: “We are proud to be recognized for our VIGILANCE™ safety surveillance technology at this year’s MEAs.
“The development of safety surveillance technology is consistent with Expro’s Champion Safety Culture providing enhanced safety to both our and third-party personnel working on the rig floor. This monitoring system can also be employed to improve operations planning and hence rig efficiency.
“This is an outstanding achievement and it is testament to our commitment to safety, innovating with purpose and delivering extraordinary performance to our customers.”
Expro recently combined with Frank’s International in an all-stock transaction to create a leading full-cycle service provider. The combination brings together two companies with decades of market leadership, best-in-class safety and service quality performance, exceptional talent and global capabilities in well construction, well flow management, subsea well access and well intervention and integrity services. The transaction closed on October 1, 2021 and began trading on the New York Stock Exchange under the ticker “XPRO” on October 4, 2021.
Notes to Editors:
Expro
Working for clients across the entire well life cycle, Expro is a leading provider of energy services, offering cost-effective, innovative solutions and best-in-class safety and service quality. The company’s extensive portfolio of capabilities spans well construction, well flow management, subsea well access, and well integrity and intervention.
Founded in 1938, Expro has more than 6,500 employees and provides services and solutions to leading exploration and production companies in both onshore and offshore environments in approximately 60 countries with over 100 locations.
For more information, please visit: expro.com and connect with Expro on Twitter @ExproGroup and LinkedIn @Expro.
Expro – Hannah Rumbles, +44 (0) 1224-796729
Ambitious science-based targets set with 3-step approach to immediately reduce carbon footprint, company to leverage carbon offsets, overhaul processes, and align with leading climate experts
SAN FRANCISCO--(BUSINESS WIRE)--Unity (NYSE: U), the world’s leading platform for creating and operating real-time 3D (RT3D) content, today announced that it is achieving net zero carbon emissions now, starting with 2020 emissions, and every year thereafter. Employing a three-step approach, the company will immediately leverage carbon offsets to offset its 2020 emissions, redesign internal processes to lower emissions, and align with groups who are demanding better from the world in order to fight climate change, including signing on to the Science Based Targets initiative’s (SBTi) Business Ambition for 1.5°C.
According to the United Nations General Assembly, humans have fewer than 10 years left to prevent irreversible damage from climate change. The Intergovernmental Panel on Climate Change (IPCC) recently released the first part of the Sixth Assessment Report, Climate Change 2021: The Physical Science Basis, which reported that climate change is here and will continue to worsen until humanity reduces its greenhouse gas pollution to zero.
“The science is clear and the time is now,” said Jessica Lindl, Vice President, Social Impact at Unity. “We know that this is just the beginning of a long, continuous effort to acknowledge and act upon the responsibility that we have as global citizens who share this planet. We recognize that Unity plays a critical role in a sustainable future - not just through our own commitment, but with the unique ability to support our customers using Unity’s technology to help decarbonize their businesses.”
In 2021, Unity conducted its 2020 greenhouse gas (GHG) emissions baseline inventory, made up of direct emissions, indirect emissions from purchased electricity, and indirect emissions from business travel, purchased goods and services, events, and more. This first annual data collection resulted in a reported 38,400 metric tonnes of carbon, which is the equivalent of 8,400 passenger vehicles being driven for one year.
Unity is approaching net zero emissions in three steps:
In addition to the efforts being announced today, Unity sees the transformational potential of real-time 3D to drive real-world carbon reductions at scale. For example, Zutari, a South African engineering consultancy, is using Unity to create innovative engineering solutions that deliver real impact and enable environments, communities, and economies across Africa to thrive; Ahi Kā Rangers is an ecological mobile game, using Unity to transform a generation who have lost their connection to the world around them into stewards of the planet; and Sitowise is using Unity to create virtual twins, ultimately making cities more sustainable, safe, and healthy living environments for people and businesses.
In the past year, Unity has provided support to creators who are building content to make the physical world a healthier, more sustainable place. In collaboration with the United Nations Environment Programme and Project Drawdown, Unity created the Unity for Humanity Environment and Sustainability Grant, focused on empowering creators who are using Unity’s real-time 3D technology to increase awareness and educate the world on the most critical sustainability issues. The winners of this grant were announced at today’s Unity for Humanity Summit and include:
Additionally, Unity is a member of the Playing for the Planet Alliance, a group of the largest companies in video games who are harnessing their collective power to take action on climate change. Unity was also a key partner to the United Nations for the 2021 Green Game Jam, which brought together 27 studios and platforms with a collective player base of more than 1 billion gamers, to create compelling content and actionable goals for game players around the world to have an impact on climate change.
Lastly, Unity has partnered with and funded universities and non-profit organizations whose work and research will drive real world change, including Western University, Project Drawdown, and Conservation International.
To learn more about today’s commitment and Unity Social Impact’s sustainability initiatives, please visit: https://unity.com/social-impact.
About Unity
Unity (NYSE: U) is the world’s leading platform for creating and operating real-time 3D (RT3D) content. Creators, ranging from game developers to artists, architects, automotive designers, filmmakers, and others, use Unity to make their imaginations come to life. Unity’s platform provides a comprehensive set of software solutions to create, run and monetize interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. The company’s 1,800+ person research and development team keeps Unity at the forefront of development by working alongside partners to ensure optimized support for the latest releases and platforms. Apps developed by Unity creators have been downloaded more than five billion times per month in 2020. For more information, please visit www.unity.com.
Alivia Rasmussen
Unity Communications
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+1 (650) 218-1185
KILGORE, Texas--(BUSINESS WIRE)--Martin Midstream Partners L.P. (NASDAQ: MMLP) plans to release its financial results for the third quarter ended September 30, 2021 after the market closes on October 20, 2021. An investors’ conference call to review the third quarter will be held the following day.
Date: Thursday, October 21, 2021
Time: 8:00 a.m. CT (please dial in by 7:55 a.m.)
Dial In #: (833) 900-2251
Conference ID: 8571037
Replay Dial In # (800) 585-8367 – Conference ID: 8571037
A webcast of the conference call will also be available by visiting the Events and Presentations section under Investor Relations on our website at www.MMLP.com.
About Martin Midstream Partners
Martin Midstream Partners L.P., headquartered in Kilgore, Texas, is a publicly traded limited partnership with a diverse set of operations focused primarily in the United States Gulf Coast region. The Partnership's primary business lines include: (1) terminalling, processing, storage, and packaging services for petroleum products and by-products; (2) land and marine transportation services for petroleum products and by-products, chemicals, and specialty products; (3) sulfur and sulfur-based products processing, manufacturing, marketing and distribution; and (4) natural gas liquids marketing, distribution, and transportation services. To learn more, visit www.MMLP.com. Follow Martin Midstream Partners L.P. on LinkedIn and Facebook.
MMLP-F
Sharon Taylor
Chief Financial Officer
(877) 256-6644
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BOSSIER CITY, La.--(BUSINESS WIRE)--#energy--Performance Proppants, LLC (“The Company”) today announced that it has reached an agreement to purchase a 1,200 acre deposit (“Merryville”) in Merryville, Louisiana that contains up to 20 million tons of additional frac sand. The Company expects the facility to be fully operational by January 2022.
Performance Proppants is also in the final permitting stages of their Sunny Point facility, which is a joint partnership between the Caddo-Bossier Port and Performance Proppants. The plant is on a large privately owned 700 acre oxbow lake off the Red River that contains 45 million tons of frac sand reserves. The Company expects the Sunny Point plant to commence operations in the second quarter of 2022. Combined, the Merryville and Sunny Point plants will add an additional 3.5 million tons of frac sand capacity to the Haynesville Shale basin.
Performance Proppants' President, Bill Bowdon, said, “The Merryville deposit is strategically located to serve our southeast Texas customers in the San Augustine area. Nearly 100% of the annual 1.5 million ton capacity is currently contracted. Additionally, we are excited to begin the next phases of the Sunny Point project, which can serve nearly every operator in the basin. The Haynesville Shale continues to prove its resilience and stability when compared to other basins.”
Bowdon added, “We have been successful in securing new 24 – 36 month market share contracts with three of the more active operators in the Haynesville Shale. As always, our company is committed to providing our customers with low-cost solutions to their frac sand needs, and as demand for sand increases through the next several months, we are committed to building capacity to meet that demand.”
About Performance Proppants
Performance Proppants, LLC is a privately owned sand mining company that was formed in 2016 and is headquartered in Bossier City, LA. For additional information, please visit www.perfproppants.com.
Cason Wilkinson – This email address is being protected from spambots. You need JavaScript enabled to view it.
NEWCASTLE & HOUSTON--(BUSINESS WIRE)--TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded a substantial(1) long-term charter and services contract by Petrobras (NYSE: PBR) for the pipelay support vessel Coral do Atlântico.
The Brazilian-registered vessel has been secured on a three-year contract, with an option to extend. Operations offshore Brazil are expected to begin in the second quarter of 2022.
Coral do Atlântico is an important component of the Company’s leading flexible pipe ecosystem in Brazil and will mainly be deployed in ultra-deepwater of up to 3,000 meters.
Jonathan Landes, President, Subsea at TechnipFMC, commented, “Coral do Atlântico is the third of our pipelay support vessels to be contracted via a long-term charter by Petrobras this year, indicating rising demand in the Brazilian market for flexibles. Coral do Atlântico’s versatility and ability to work in deep or shallow water is a large part of the vessel’s appeal. This latest contract further strengthens our collaborative, trusting relationship with Petrobras that spans decades.”
Coral do Atlântico has a history of long-term charters with Petrobras and has consistently been awarded the client’s highest rating for operational performance, quality of work, and health, safety and environment.
(1) For TechnipFMC, a “substantial” contract is between $250 million and $500 million.
Note: this inbound order is included in the Company’s third quarter financial results.
Important Information for Investors and Securityholders
Forward-Looking Statement
This release contains "forward-looking statements" as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. The words “believe”, “estimated” and other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. Such forward-looking statements involve significant risks, uncertainties and assumptions that could cause actual results to differ materially from our historical experience and our present expectations or projections. For information regarding known material factors that could cause actual results to differ from projected results, please see our risk factors set forth in our filings with the United States Securities and Exchange Commission, which include our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. We caution you not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any of our forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise, except to the extent required by law.
About TechnipFMC
TechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services.
With our proprietary technologies and comprehensive solutions, we are transforming our clients’ project economics, helping them unlock new possibilities to develop energy resources while reducing carbon intensity and supporting their energy transition ambitions.
Organized in two business segments — Subsea and Surface Technologies — we will continue to advance the industry with our pioneering integrated ecosystems (such as iEPCI™, iFEED™ and iComplete™), technology leadership and digital innovation.
Each of our approximately 20,000 employees is driven by a commitment to our clients’ success, and a culture of strong execution, purposeful innovation, and challenging industry conventions.
TechnipFMC uses its website as a channel of distribution of material company information. To learn more about how we are driving change in the industry, go to www.TechnipFMC.com and follow us on Twitter @TechnipFMC.
Investor relations
Matt Seinsheimer
Vice President, Investor Relations
Tel: +1 281 260 3665
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James Davis
Senior Manager, Investor Relations
Tel: +1 281 260 3665
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Media relations
Nicola Cameron
Vice President, Corporate Communications
Tel: +44 1383 742297
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Catie Tuley
Director, Public Relations
Tel: +1 713 876 7296
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