CALGARY, Alberta--(BUSINESS WIRE)--Cold Bore Technology Inc. (“Cold Bore”), the leader in frac completions automation and platform technology, announced today record 2021 growth in key areas including new customers, revenue, team size and technology infrastructure.
In the six months from April to October, 2021, Cold Bore saw unprecedented demand for its SmartPAD completions platform and control system, increasing deployments by over 38% from the previous six month period. SmartPADs were installed within operations across five new U.S. basins including; DJ Basin, Utica, Scoop Stack, Delaware and Haynesville, meaning the technology able to interconnect and automate completions operations is fast becoming a defacto completions operating system for producers within 12 major shale plays in the US and Canada.
In line with the increased adoption of its technology, Cold Bore also saw revenue increase by over 43 percent in the period and full time employee headcount increase by 70%.
“Having a standardized master control system has quickly become a key differentiator in successful completions and is advancing the industry quickly towards fully automated operations,” said Brett Chell, CEO at Cold Bore. “We’re committed to ensuring we consistently have the very best hardware, software and skilled talent to meet the demand we’re seeing and play our part in moving the industry forward, making it safer, cleaner and more sustainable.”
Cold Bore is leading a major shift in the completions (fracing) industry towards a new standard of operating by providing oil & gas companies (operators) with a centralized digital platform called SmartPAD. SmartPAD is an end-to-end, fully integrated “Plug and Play” completions platform. Acting as a central control system and connection point, SmartPAD automatically tracks an independent and complete multiservice timestamp for the entire operation. Second by second the SmartPAD standardizes the entirety of data collection, visualization and communication between services and the operator. This is the universal connection point to end all data and protocol variability struggles with a universal approach that makes formatting every pad as easy as “Plug and Play”.
The latest growth figures come hot on the heels of Cold Bore’s $14M growth financing round led by bp ventures with participation from the Canadian Business Growth Fund (CBGF).
About Cold Bore
Cold Bore Technology Inc. (“Cold Bore”) is a global leader in completion optimization technology, developing the first Completions Operating System through Cold Bore’s SmartPAD service.
For more information, please visit - https://www.coldboretechnology.com
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Available U.S. supply of 20 ft, 40 ft standard and 40 ft High Cube sized dry van containers expands to ten coast-to-coast regions for business and personal use
LONG BEACH, Calif.--(BUSINESS WIRE)--#Containers--Today, Eveon Containers, the first and fully digital commercial container shopping platform, continues its expansion and supply of available dry van containers in four critical trading hubs: Long Beach, CA, Miami, FL, Norfolk, VA, and Columbus, OH. This expands Eveon’s availability to ten coast-to-coast trading and shipping hubs across the U.S. for mainland use at a time when the global supply chain has trickled practically to a standstill.
"Eveon provides access to a portion of the commercial used containers" said Aad Storm, Eveon’s founder and CEO. "Unfortunately, despite the impressive efforts put in place to address the problem, there is a perception that this supply chain backlog isn’t going to see any substantial reduction in the coming months. Those needing to store or transport products or supplies within the country have to pivot to more efficient and guaranteed methods of fulfillment on dry land. Eveon solves multiple challenges for them: immediate availability of wind and watertight containers, end-to-end fulfillment on U.S. soil, and a digital platform with transparently listed pricing. On top of this, cargo worthy containers with CSC certificates will be available as well soon for export purposes."
While containers are a fundamental piece of the global economy and used to transport equipment and goods, the common process of procuring containers is old-fashioned, not digitized and the market is very opaque. Product prices are not readily available with traditional dealers; they’re either not published or prospective customers need to manually submit a written query or call someone to begin the purchase process. This leads to two major problems: incomplete cost comparison between potential suppliers and an unknown, dramatically lengthened purchase time with the customer unsure whether they paid a fair price in the end.
Eveon readily offers three dry van container variants for storage or local transportation needs: 20-ft, 40-ft, and a 40-ft High Cube, all ISO-compliant and wind and watertight. Customers will be able to immediately see product and transportation costs on Eveon’s site during their shopping process, including volume discounts.
Customers can choose whether they want to collect the container themselves the next working day after payment, speeding up the process. Eveon also offers a regional delivery service with an independent trucking service with available delivery persons that allows customers to have a container delivered in 3-10 days within a varying radius of 150-350 miles of area per region. Customers wanting to confirm delivery zones can find details on Eveon’s site. An American, New Jersey based customer service team is also available and can be reached via chat, email and phone.
“We’re a 100 percent digitally native supplier enabling companies to buy containers directly from our online shop and have them delivered without needing to waste time on a prior quote or inquiry,” continued Aad. “Everything is listed on the site for efficient transactions.”
The full range of products and services can be viewed at https://www.eveoncontainers.com/en-us.
About Eveon:
Eveon is the leading e-commerce provider for the commercial procurement of ISO containers, making the container market more accessible to end customers with fast service and fairer prices. Eveon makes it possible to buy containers directly online and have the delivery processed 100 percent automatically – without having to submit price enquiries in advance. Eveon was founded in 2020 by Aad Storm in Rotterdam, Netherlands, with the vision to revolutionize the global container market with an innovative web shop that offers more transparency, better prices and excellent service to both commercial and private customers.
Chris Prouty, Chatter Republic for Eveon Containers
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Solution Offers Holistic Flexible Load Management and Local System Resiliency, Features Sunverge Real-time DER Control, Orchestration and Aggregation Platform; LG ESS; LG ThinQ Energy App; and Eaton Energy Management Circuit Breakers
SAN FRANCISCO--(BUSINESS WIRE)--LG Electronics USA and Sunverge Energy are collaborating on a groundbreaking residential virtual plant project with customers in Northern and Central California – one of the first pilot programs in the United States to incorporate both load control and PV/energy storage control holistically.
This unique project, which is expected to be operational in the first quarter of 2022, explores ways in which intelligent and dynamic load control and solar/energy storage can be aggregated as dynamic multi-service and multi-asset VPPs, “creating value on both sides of the meter and helping utilities transition to more resilient and flexible distribution grids,” according to Martin Milani, CEO of Sunverge Energy, provider of an industry-leading distributed energy resource (DER) control, orchestration and aggregation platform.
To deliver grid and consumer services to 100 homes in Pacific Gas and Electric Company’s service area of Northern and Central California, the PG&E Battery Storage Pilot Program will use LG’s energy storage systems and Sunverge’s DER software platform. The project also incorporates energy management circuit breakers from Eaton Corp., enabling the Sunverge platform’s holistic load control capabilities, in addition to energy storage and solar photovoltaic control orchestration and aggregation.
“The project will evaluate a number of program design elements, including time of use and real-time pricing signals, load shaping and shifting, event-based demand response as well as contingency reserve, frequency regulation and voltage support ancillary services. This is an important project that we are excited to be a part of,” said Milani.
Stephen Hahm, energy vice president at LG Electronics USA, said, “Utilities are increasingly seeing the value that distributed clean energy resources, combined with energy storage and intelligent control and orchestration, can add real value to consumer, communities, grid and the utilities themselves.” In addition to the LG energy storage systems and ThinQ Energy app, some homes in the PG&E pilot project are expected to incorporate LG’s high-efficiency solar modules, he explained.
Sitting on top of the LG hardware and the Sunverge DER platform and optimization algorithms, the LG ThinQ Energy app “provides a platform for homeowners to engage with their home’s energy profile in new and creative ways.” Hahm added. For instance, the LG ThinQ Energy mobile app unlocks value by enabling customers to view and control their home’s solar generation, battery storage and load control.
About Sunverge Energy
Sunverge Energy provides the leading open dynamic platform for Virtual Power Plants (VPPs), a grid-aware and dynamic power source built from the aggregation of behind-the-meter distributed energy resources (DERs). The Sunverge real time DER control, orchestration and aggregation platform is unique in providing dynamic multi-objective optimization of services on both sides of the meter, helping customers with intelligent management of their own renewable energy generation and utilities with greater flexibility in managing their infrastructure investments, reducing generation costs, increasing system reliability, and meeting their renewable energy goals. Together with the Sunverge Infinity edge controller, the Sunverge VPP platform provides intelligent dynamic near real-time control over decentralized energy resources that is efficient, reliable, and responsive to utilities and their customers. For more information please visit http://www.sunverge.com/
About LG Electronics USA
LG Electronics USA, Inc., based in Englewood Cliffs, N.J., is the North American subsidiary of LG Electronics, Inc., a $56 billion global innovator in technology and manufacturing. In the United States, LG sells a wide range of innovative home appliances, home entertainment products, mobile phones, commercial displays, air conditioning systems, solar energy solutions and vehicle components. LG is a seven-time ENERGY STAR® Partner of the Year. The “Life’s Good” marketing theme encompasses how LG is dedicated to people’s happiness by exceeding expectations today and tomorrow. www.LG.com.
Media:
Jared Blanton, Antenna Group for Sunverge
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John I. Taylor, LG Electronics USA
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WINDSOR, Conn.--(BUSINESS WIRE)--#FuelCell--Infinity Fuel Cell and Hydrogen, Inc.,™ today announced execution of an agreement with Axiom Space to add $900,000 funding to an existing project. The money is earmarked to produce a full-scale prototype of a specific Infinity™ technology that has been under development for Axiom since last year.
Infinity continues to be a supplier of choice for its various patented and proprietary technologies applicable to electrolyzers and air-independent fuel cells for zero-gravity applications in space. Infinity’s air-independent fuel-cell design is also applicable for underwater use and is currently being tested for such in a contract with the Office of Naval Research.
Infinity president and founder, William F. Smith, said, “As the space commerce industry continues to grow, we are growing with it. Axiom Space is one of three commercial space companies we are currently working with, in addition to NASA.”
About Infinity: Founded in 2002, Infinity Fuel Cell and Hydrogen, Inc. is a market leader in the design and manufacture of air-independent, zero-gravity electrochemical systems including fuel cell systems for space and underwater applications. Infinity is also developing electrolysis technologies that can generate hydrogen and oxygen directly at 2000 psi and above.
Mark Sackler, Director, Corporate Communication
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+1 (860) 882-4503
Reliable, future-proof and cost-predictable technology platform helps commercial and energy-intensive organisations meet net-zero carbon goals
SAN JOSE, Calif. & ABINGDON, UK & MIDDLESBOROUGH, UK--(BUSINESS WIRE)--Bloom Energy (NYSE: BE), Conrad Energy, and Electricity North West (Construction and Maintenance) Limited (ENWCML) today announced plans to collaborate on the development, construction and operation of behind-the-meter (BtM) projects to bring Bloom Energy’s solid oxide power generation platform to the UK market. Orders are expected to commence in December 2021.
Bloom’s fuel-flexible, non-combustion Energy Servers combine ambient air and biogas, hydrogen, or natural gas to create electricity through an electrochemical process without combustion at high efficiency. The result is a reduction in carbon emissions, air pollutants, and water usage. When hydrogen or biogas are used as the fuel source, the Energy Servers deliver on-site, 24/7, zero-carbon electricity — all in a simple, modular and flexible design.
Hydrogen is well-suited for an array of applications and unlocks a net-zero emissions future for hard-to-decarbonize heavy industries. Industrial stakeholders in the UK will be able to transition toward a green energy supply as hydrogen production infrastructure continues to mature with the support of aggressive UK government targets. The collaboration creates a strong foundation that will help the UK achieve its net zero carbon emissions goals by 2050, including a hydrogen strategy that aims for five gigawatts of low carbon hydrogen production capacity by 2030.
As part of the collaboration, Bloom Energy expects to supply its Energy Servers along with local servicing. Conrad Energy, a UK-based owner, operator and optimiser of energy assets, with a strong focus on behind the meter (BtM) energy efficiency and renewable energy solutions, will be the lead project financer and act as the primary energy supplier. Electricity North West (Construction and Maintenance) Ltd, a private electricity network asset service provider with over 1,000 commercial and industrial users in its maintenance portfolio, will lead the installation and offer the BtM solution to its commercial and industrial customers.
Fully financed by Conrad Energy, Bloom’s Energy Servers bring additional value to customers in terms of energy savings and the ability to support microgrid configurations, ensuring continuity of operations for mission critical loads with continuous inverter-based power. The technology will be offered to customers under a Power Purchase Agreement (PPA) structure, removing upfront capital costs while providing cost predictability across the term of the contract.
“Bloom Energy’s technology is distinctly capable of helping the UK meet its 2050 net-zero carbon goals,” said Tim Schweikert, senior managing director, international business development, Bloom Energy. “We are proud to enter the UK market through our collaboration with Conrad Energy and Electricity North West Construction and Maintenance, where we can help the region’s pursuit of making clean, reliable and affordable energy solutions a reality.”
“Being able to offer this highly innovate fuel cell technology from Bloom Energy is a fantastic opportunity for ENWCML and our customers,” said Jim Hallas, customer solutions director, ENWCML. “We want to be a UK leader in the race to reduce carbon emissions and help our customers achieve energy cost security, whilst preparing for the hydrogen economy. This technology offering manages to do all three in one go.”
“This collaboration is very exciting for Conrad Energy as we continue our strong growth into new technologies, which provide future proof solutions to our customers,” said Chris Shears, development director, Conrad Energy. “We believe the resilient power provided by fuel cells will have a vital role to play in reducing emissions and energy costs.”
To learn more about the Bloom Energy’s commitment to a zero-carbon future, visit: https://www.bloomenergy.com/technology/powering-the-future/
For more information on Bloom Energy’s sustainability efforts, visit: https://www.bloomenergy.com/sustainability/
About Conrad Energy
Conrad Energy is delivering a pathway to the future of a flexible low carbon economy. A full-service independent power producer (IPP), Conrad Energy is delivering fast and flexible power generation to support the National Grid and regional District Network Operators from embedded, flexible generation projects and battery storage. We also provide onsite generation solutions to commercial and industrial companies. For more information, visit: www.conradenergy.co.uk
About Electricity North West (Construction & Maintenance) Limited (ENWCML)
Electricity North West (Construction & Maintenance) Limited is a specialist power engineering company delivering engineering solutions and independent Connections Provision (ICP Services) for commercial businesses and public-sector organisations, ranging from Low Voltage through to 132kV.
We specialise in providing energy solutions for customers’ privately owned assets, from safe systems of work, design, construction and maintenance, through to energy efficiency and the latest innovative technologies. For more information, visit: www.enwcml.co.uk
About Bloom Energy
Bloom Energy’s mission is to make clean, reliable energy affordable for everyone in the world. The company’s product, the Bloom Energy Server, delivers highly reliable and resilient, always-on electric power that is clean, cost-effective, and ideal for microgrid applications. Bloom’s customers include many Fortune 100 companies and leaders in manufacturing, data centers, healthcare, retail, higher education, utilities, and other industries. For more information, visit www.bloomenergy.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the federal securities laws that involve risks and uncertainties. Words such as “anticipates,” “could,” “expects,” “intends,” “plans,” “projects,” “believes,” “seeks,” “estimates,” “can,” “may,” “will,” “would” and similar expressions identify such forward-looking statements. These statements include, but are not limited to, expectations regarding the commencement of orders in December 2021; expectations regarding net-zero carbon emission goals; statements regarding Bloom’s Energy Servers and technology; ability to support aggressive UK government targets; and expectations regarding hydrogen solutions. These statements should not be taken as guarantees of results and should not be considered an indication of future activity or future performance. Actual events or results may differ materially from those described in this press release due to a number of risks and uncertainties, including timing of market adoption of hydrogen projects and solutions, and those included in the risk factors section of Bloom Energy’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2021 and other risks detailed in Bloom Energy’s SEC filings from time to time. Bloom Energy undertakes no obligation to revise or publicly update any forward-looking statements unless if and as required by law.
Bloom Energy Investor Relations:
Ed Vallejo
+1 267.370.9717
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Bloom Energy Media Contact:
Jennifer Duffourg
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Conrad Energy Sales Contact:
Victoria Fielding-Kirby
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Electricity North West (Construction & Maintenance) Sales Contact:
Charles Hesketh
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Ambyint artificial lift optimization technologies help accelerate customers’ digital transformations
HOUSTON--(BUSINESS WIRE)--#artificialintelligence--Ambyint, a production and artificial lift optimization solutions provider, today announced that it has achieved Amazon Web Services (AWS) Energy Competency status. This designation recognizes that Ambyint has demonstrated deep expertise and technical proficiency helping customers leverage AWS cloud technology to transform complex systems and provides energy customers the ability to more easily select skilled partners to accelerate their digital transition to a sustainable energy future with confidence.
Achieving the AWS Energy Competency differentiates Ambyint as an AWS Partner with deep expertise and technical proficiency within this unique industry, including proven customer success developing solutions across the value chain, from production operations and optimization, to commodities trading, new energy solutions, and more. To receive the designation, AWS Partners undergo a rigorous technical validation process, including a customer reference audit. The AWS Energy Competency provides energy customers the ability to more easily select skilled Partners to help accelerate their digital transformations with confidence.
Ambyint solutions are designed to optimize oil & gas wells by automating anomaly detection, controller setpoint recommendations, setpoint changes, and production versus plan analytics to enable real-time production optimization. The company employs advanced physics-based models, deep subject matter expertise, and artificial intelligence to deliver highly scalable and proven applications. Ambyint solutions have proven to increase production volumes and workforce efficiencies while reducing operating expenses, emissions, and failure rates for mid- to large-sized operators across major North American basins.
Ambyint’s production optimization solutions leverage AWS’s enterprise-class cloud environment to integrate easily with existing Exploration & Production (E&P) companies’ systems, such as SCADA and production accounting, providing real-time ingestion, standardization, normalization, and contextualization of oil & gas operations data. Ambyint utilizes a variety of AWS services including Amazon Elastic Kubernetes Service (Amazon EKS), Amazon Simple Storage Service (Amazon S3), Amazon Virtual Private Cloud (Amazon VPC), Elastic Load Balancing (ELB), and Amazon Timestream for horizontal and vertical scalability. Production optimization at scale is a critical requirement for E&P companies focused on delivering the substantial benefits that digital transformation and operational excellence initiatives offer.
“At Ambyint, we strive to assist our customers along their digital transformation journey by providing solutions that deliver improved production volumes, reduce GHG emissions, and drive down operating costs through production and artificial lift optimization,” says Chris Robart, chief commercial officer at Ambyint. “Achieving the AWS Energy Competency designation, provides Ambyint another opportunity to help our customers achieve their digital technology goals by leveraging the agility, breadth of services, and pace of innovation that AWS provides.”
AWS is enabling scalable, flexible, and cost-effective solutions from startups to global enterprises. To support the seamless integration and deployment of these solutions, AWS established the AWS Competency Program to help customers identify AWS Partners with deep industry experience and expertise.
For more information on Ambyint solutions, please visit our product listings for Ambyint InfinityRL™, InfinityPL™, and SmartStream™ in AWS Marketplace.
About Ambyint
Ambyint delivers well lifecycle production optimization for the oil & gas industry, driving step-change improvements to E&P production outcomes and margin. Ambyint combines advanced physics and subject matter expertise with artificial intelligence to automate operations and production optimization workflows across all well types and artificial lift systems. www.ambyint.com.
Ginger Shelfer, senior marketing manager
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U.S. Air Force, Department of Homeland Security, Johnson Controls Federal Systems and Fortune 500 financial services company highlight early customer traction
WASHINGTON--(BUSINESS WIRE)--#automation--RegScale, delivering continuous compliance automation for highly regulated public and private sector entities, was formally launched to the market today after spinning out from C2 Labs, a digital transformation services company. As part of this launch, RegScale also announced that it has secured an early funding round of $1.5M with participation from Virginia Innovation Partnership Corporation (formerly CIT), New Dominion Angels and several strategic investors, along with significant customer traction.
“Meeting compliance obligations has traditionally been a manual, time consuming, and expensive process,” said Travis Howerton, co-founder and chief technology officer, RegScale. “We are bringing the principles of DevOps to compliance to solve the most difficult compliance headaches that companies face and help them transition their manual, static compliance documentation and processes into a dynamic, automated, and collaborative platform. The cybersecurity industry has been heavily focused on the concept of ‘shifting left’ security to make cybersecurity real-time, continuous, and complete, which positions compliance as the new bottleneck in the digital transformation process. This new funding will allow us to scale up and ‘shift left’ compliance to accelerate innovation, reduce risk, and lower the costs of manual compliance documentation, which our customers are demanding.”
“Our customers are seeing real results by implementing RegScale, from saving $500,000 per year on their cyber insurance premiums to processing over 70 CMMC system security plans within a few months,” said Anil Karmel, co-founder and chief executive officer, RegScale. “One customer was able to dynamically report their state of compliance in real time in Tableau by integrating RegScale with Wiz.io, bringing in cloud compliance findings and marrying them against manual assessments of compliance controls. This allowed them to continuously meet their compliance obligations and update their documentation in real time.”
RegScale was built to help organizations in heavily regulated industries continuously manage the massive year over year growth in their compliance burden as they deal with fines that have increased more than 500% in recent years, according to McKinsey. The company’s continuous compliance automation solution moves organizations from manual compliance approaches and processes to an API-centric, automated approach.
Since the RegScale platform was launched in early 2021 (under the brand Atlasity), the company has seen more than 5,000 downloads of its freemium Community Edition and has signed on five major customers for its Enterprise Edition platform. Early customers include the U.S. Air Force (USAF), U.S. Department of Homeland Security (DHS), a Fortune 500 financial services company, and Johnson Controls Federal Systems, which is using RegScale to manage compliance to the Department of Defense’s Cybersecurity Maturity Model Certification (CMMC) standard.
THE REGSCALE DIFFERENCE
The RegScale founding team has deep expertise in government regulations and the industries they affect. Howerton served in multiple executive positions in government and industry, including as CTO for National Nuclear Security Administration (NNSA), deputy CIO at Oak Ridge National Laboratory (ORNL), and as the global director for strategic programs at Bechtel Corporation. Co-founder Anil Karmel was deputy chief technology officer at NNSA and developed cloud computing solutions for the Department of Energy (DOE) Nuclear Weapons Complex while at Los Alamos National Laboratory (LANL). Karmel currently serves as the President of the Cloud Security Alliance’s (CSA) Washington, DC Metro Area Chapter and is a member of the CSA’s CxO Trust Advisory Council.
RegScale customers benefit from simple TurboTax-like wizards and automated drag and drop workflows, allowing them to create compliance artifacts quickly while speeding approvals. This is enabled by applying DevOps principles to the process, enabling what RegScale refers to as a Regulatory Operations or RegOps approach. Customers can integrate their existing security and compliance platforms with RegScale, supporting both manual and real-time automated assessments to help organizations better understand and holistically manage compliance risks in a proactive manner.
The collaborative capabilities of the platform allow all stakeholders and data owners in the compliance process to work together in one platform to dramatically improve productivity and lower costs. The burdens of collecting documentation and fulfilling reporting requirements is significantly reduced for RegScale customers via its’ API-centric approach, allowing customers to use the same assessment information to comply with multiple compliance requirements as well as visualize their real-time state of compliance via their business intelligence platform of choice.
The company has built an open source community to encourage 3rd party collaborators to create integrations with the RegScale platform. These integrations are published freely as open source for use by RegScale’s customers to support the RegOps movement through the power of the open source ecosystem.
“Cyber Security and Compliance are top of mind for heavily regulated organizations.”, said Jim Reavis, Co-Founder and CEO of the Cloud Security Alliance. "Purpose-built solutions that can help organizations proactively manage compliance with applicable laws and regulations are critically needed, and we applaud RegScale for bridging the divide between security and compliance via automation."
RegScale is designed to meet any regulatory requirement with 70+ compliance requirements such as NIST, ISO, SOX, CMMC, and NERC-CIP supported out of the box and the ability for RegScale to digitize any regulation in under a week. A full list of the regulations supported in RegScale today is at https://regscale.com/regulations.
ABOUT REGSCALE
Founded in 2021, RegScale delivers continuous compliance automation for heavily regulated industries, freeing organizations from paper via its security and compliance automation software. Through its Continuous Compliance Automation platform, RegScale helps organizations continuously meet any compliance obligation including laws and regulations such as GDPR, NIST, CMMC, and CCPA leveraging an API-centric approach. For more information, visit: https://www.regscale.com/.
MEDIA
Robin Bectel
REQ for RegScale
703-287-7827
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Partnership offers SFR investors the opportunity to advance ESG goals while benefiting the tenants with energy efficiency and cost reductions
NEW YORK & CHANDLER, Ariz.--(BUSINESS WIRE)--#SFR--As demand continues to grow for new single-family Build-for-Rent (BFR) housing communities equipped with desirable amenities, such as cost-saving home energy technology, SVN | SFR Capital Management (“SVN | SFR”), a private commercial real estate investment firm dedicated to the single-family BFR housing sector, today announced a partnership with home energy solutions provider, Elevation. Elevation’s award-winning solutions uniquely combine solar, energy efficiency, and energy monitoring technology to advance ESG (Environmental, Social, and Governance) goals of reducing energy consumption and costs.
SVN | SFR expects to amass a portfolio of approximately 35,000 BFR homes in various self-contained communities across the U.S. over the next 5-7 years, depending on economic conditions and tenant demand. Homes within these communities will be influenced with environmentally responsible ESG benefits including Elevation’s smart energy and solar technology to offer homeowners and landlords energy benefits as well as capital investors the prospect to grow ancillary revenue/additional income.
“Our partnership with Elevation is happening at a critical point in SVN | SFR’s investment allocation process as we develop our portfolio of BFR rental communities,” said Jeff Cline, CEO of SVN | SFR Capital Management. “Prior to breaking ground on communities, Elevation can recommend and develop ways we can ensure the latest and best energy-based solutions are integrated in these homes for ensuring ESG benefits into the future.”
Elevation was recently named, for the third consecutive year, as the recipient of the 2021 U.S. Environmental Protection Agency (EPA) Home Performance with ENERGY STAR: Sustained Excellence award.
"Our whole-home approach not only provides cost savings for the renter with solar and energy efficiency, but it also provides broader access to energy solutions,” said Elevation’s CEO, Greg Fasullo. “Historically, energy improvements like efficiency upgrades and renewable energy have been limited to homeowners. This powerful combination of environmental and societal benefits provides real, measurable impact on ESG goals and delivers meaningful value for the renter.”
About Elevation
Elevation is a fully integrated residential energy solutions company providing solar, energy efficiency, and smart energy management technology. As a 2019, 2020, and 2021 Contractor of the Year recipient by the U.S. Department of Energy, Elevation is a proven leader in clean energy technology, and sets the industry standard in its deployment of this technology to homeowners, institutional operators of single-family rental properties, and utility providers. Poweredbyelevation.com
About SVN | SFR Capital Management
SVN | SFR Capital Management, (“SVN | SFR”), based in New York, NY, is a private, commercial real estate investment firm dedicated to investment in the Build-for-Rent (“BFR”) asset class across the U.S. SVN International Corp. (“SVNIC”), a globally recognized, Boston-based, full-service CRE advisory firm, is an affiliated entity. SVN | SFR is advised by McIntyre Capital Partners, LLC, a registered broker-dealer with the U.S. Securities and Exchange Commission (“SEC”) and a member of FINRA and SIPC. SVN | SFR intends to aggregate approximately 35,000 new construction BFR homes in the near-term through an initial allocation of $1 billion in equity and debt capital from institutional investors, to aggregate into a large-scale commercial real estate portfolio for eventual disposition. For more information, call 602.466.1381 or email This email address is being protected from spambots. You need JavaScript enabled to view it..
Ruth Seigel
RS Marketing & Assoc. for SVN | SFR Capital Management, LLC
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DALLAS--(BUSINESS WIRE)--Primoris Services Corporation (NASDAQ Global Select: PRIM) (“Primoris” or “Company”) today announced two solar project awards with an estimated value of $425 million. The contracts were secured by the Company’s Energy/Renewables Segment.
“These new contracts bring us closer to the $1 billion in solar project backlog we projected in our earnings discussion earlier this month,” said Tom McCormick, President and Chief Executive Officer of Primoris. “Building on our record of successful execution, our Energy/Renewables team continues to add new clients to our roster and new projects.”
These awards are for the engineering, procurement and construction of utility-scale solar facilities in the Southwest. Initial project construction will begin in the second quarter of 2022 for both contracts with completion of the projects expected in the third quarter of 2023.
ABOUT PRIMORIS
Primoris Services Corporation is a leading specialty contractor providing critical infrastructure services to the utility, energy/renewables and pipeline services markets throughout the United States and Canada. The Company supports a diversified base of blue-chip customers with engineering, procurement, construction and maintenance services. A focus on multi-year master service agreements and an expanded presence in higher-margin, higher-growth markets such as utility-scale solar facility installations, renewable fuels, electrical transmission and distribution systems and communications infrastructure have also increased the Company’s potential for long-term growth. Additional information on Primoris is available at www.primoriscorp.com.
FORWARD LOOKING STATEMENTS
This press release contains certain forward-looking statements that reflect, when made, the Company’s expectations or beliefs concerning future events that involve risks and uncertainties, including the Company’s future performance. Forward-looking statements include all statements that are not historical facts and can be identified by terms such as “anticipates”, “believes”, “could”, “estimates”, “expects”, “intends”, “may”, “plans”, “potential”, “predicts”, “projects”, “should”, “will”, “would” or similar expressions. Forward-looking statements include information concerning our possible or assumed future results of operations, business strategies, financing plans, competitive position, industry environment, potential growth opportunities, the effects of regulation and the economy, generally. Forward-looking statements inherently involve known and unknown risks, uncertainties, and other factors, which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Actual results may differ materially as a result of a number of factors, including, among other things, the risks described in Part I, Item 1A “Risk Factors” of our Annual Report on Form 10-K for the year ended December 31, 2020, and our other filings with the U.S. Securities and Exchange Commission (“SEC”). Such filings are available on the SEC’s website at www.sec.gov. Given these risks and uncertainties, you should not place undue reliance on forward-looking statements. Primoris does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.
Brook Wootton, Vice President, Investor Relations
Primoris Services Corporation
214-545-6773, This email address is being protected from spambots. You need JavaScript enabled to view it.
TORONTO--(BUSINESS WIRE)--#canadiansmallbusiness--GCW Kitchens & Cabinetry Inc., a custom cabinetry manufacturer, has selected ProjectLine Solutions Inc. to implement their new SAP Business One ERP (Enterprise Resource Planning) system. ProjectLine’s team of expert ERP consultants will bring decades of experience to the project and help GCW Kitchens & Cabinetry quickly take advantage of SAP Business One to support their growing business.
GCW Kitchens & Cabinetry is a London, Ontario company that manufactures custom residential and commercial cabinetry. The company was established 20 years ago, constructing one kitchen at a time out of a garage. With significant growth, GCW Kitchens & Cabinetry now employs 130 team members across two showrooms and an 82,000 square foot state-of-the-art manufacturing plant. They take pride in offering their customers exquisite craftsmanship and creative cabinetry options.
The company saw the need for an ERP system to improve their production processes and gain visibility into their supply chain. “SAP Business One checks all the boxes. It has all the necessary modules for us to run a successful business, while giving us the flexibility to customize the system to meet our more unique needs. I’ve worked with several ERP systems in my career and SAP Business One is at the top of the list,” says Jason MacCuaig, CEO at GCW Kitchens & Cabinetry. Centralizing business data in a single system gives the company real-time data and processes, so they can proactively manage their operations.
Based on experience with both SAP Business One and ProjectLine at a previous company, MacCuaig endorsed both to the company’s ownership group. “ProjectLine has always gone the extra mile to get the job done. Whether it’s their support team solving problems of the end user, their technical team migrating a new database or their sales team discussing an ERP implementation, they have always been a pleasure to work with. Working with ProjectLine has only solidified our decision to move to the SAP Business One ERP system,” says MacCuaig.
“We’re excited to welcome GCW Kitchens & Cabinetry as our newest ProjectLine customer,” says Darrell McClarty, President at ProjectLine. “Their team strives to deliver excellence, just as we do. That alignment on corporate values sets the stage for a successful partnership going forward. We look forward to helping GCW Kitchens & Cabinetry execute their vision of excellence as they grow.”
About ProjectLine Solutions
ProjectLine sells, implements and supports best-in-class ERP software for small and mid-size businesses. We believe putting people first is the best way to make technology work for them. It’s a conviction that sets us apart. The shift to a new ERP system can be daunting and disruptive. But it doesn’t have to be. As an SAP gold partner since 2004, we know the system inside out. We ease the inevitable uncertainty that comes with an ERP project, helping our customers transition with the highest level of empathy, consideration and fit. Experience the human side of ERP.
About SAP Business One
SAP Business One is an ERP system designed specifically for small and mid-size businesses. It offers an easy-to-use, yet powerful, integrated system to support growth, providing transparency and instant visibility into operations. The solution helps companies manage their entire business across financials, sales, customer service and operations, while eliminating redundancy and improving efficiency. Customers have flexibility to extend the solution for industry-specific needs, with more than 500 pre-integrated solutions from local SAP partners.
Trademarks
SAP Business One is the registered trademark of SAP AG in Germany and several other countries.
All other product and service names mentioned are the trademarks of their respective companies.
Media Contact:
ProjectLine Solutions Inc.
Jalene Ippolito
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3030 Louise Street Saskatoon, SK S7J 3L8
306-373-3150 EXT 124
NEW ORLEANS--(BUSINESS WIRE)--#Ghenova--TAI Engineers, LLC, a leading maritime solutions company, signed an agreement to be the exclusive representatives of Ghenova Ingeniería, S.L. in the United States and the Republic of India.
Ghenova is an international multi-disciplinary engineering and consulting company headquartered in Spain with offices in Brazil, Columbia, Bolivia and Australia, among others. Ghenova supports highly advanced technological and complex projects in the marine, energy and defense sectors.
“TAI has a great working relationship with Ghenova. We are pleased to have developed Ghenova’s confidence to represent Ghenova in the United States and the Republic of India,” said Anil Raj PE, President of TAI. “It will enhance TAI’s capability and diverse maritime solutions to our clients. It will also provide Ghenova a U.S. footprint, where clients can interact directly with Ghenova through TAI.”
With a global presence and more than 25 years of experience in the naval industry, Ghenova employs more than 500 employees, primarily engineers. Services include the expertise of complex maritime platform requirements and all aspects of ship design, including conceptual and production engineering. Ghenova’s expertise spans wind support vessels, ferries, liquified natural gas vessels, ocean patrol boats, passenger ships to military platforms (frigates, corvettes, amphibians-multipurpose, etc.). Ghenova can support TAI throughout the life cycle of ships, from the preparation of operational and manual technical documentation, logistics and maintenance documentation, to conversions, adaptation to environmental regulations, improvement of energy efficiency and advanced digital solutions.
About TAI Engineers
TAI Engineers, LLC, is a wholly-owned subsidiary of S&B Infrastructure, Ltd. It is known globally for its innovative maritime solutions and technical expertise and is recognized as a leading government and commercial engineer of world-class vessels. TAI has and is performing key projects for the U.S. Coast Guard, U.S. Navy, NOAA, U.S. Army, U.S. Army Corps of Engineers and many other clients, including shipyards and ship owners.
Lindsay Burke, Director of Communications and Marketing
S&B Infrastructure
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518.879.2101
BEIT YANAI, Israel--(BUSINESS WIRE)--ElectReon (TASE: ELWS.TA), the leading provider of in-road wireless electric vehicle (EV) charging technology for commercial, public service, and passenger vehicles, today reported financial results for the third quarter of 2021 as well as the outlook for the year ahead.
“ElectReon’s wireless charging technology is unique and revolutionary. We are witnessing a growing interest and appreciation of our technology across Europe and the US as it can be installed almost anywhere and does not limit EV fleet operations as plug-in charging solutions do. Never before have electric vehicles (EVs) been able to wirelessly charge while on the move, ensuring drivers and fleet owners the ability to maximize EV fleet efficiencies, eliminate range anxiety, save precious real estate, minimize vehicle battery requirements and impacts, and substantially reduce their carbon emissions. Our Charging-as-a-Service (CaaS) business model not only provides accessible charging options that can be customized to meet the needs of unique fleet vehicle operations, but also covers up-front costs empowering fleet operators to transition to electric more seamlessly,” said Oren Ezer, CEO and Co-founder of ElectReon.
“Through our public projects, we’re demonstrating that our shared charging infrastructure has the potential to solve some of the greatest challenges in the transition to electric mobility. The challenges include natural resource availability to manufacture batteries for a growing global EV fleet and the ability of our energy grids to meet the power demands of such a large global fleet, and all while keeping on track to achieve the net-zero carbon transport goals set out by national governments.”
Continued Ezer, “This year we have seen an ever-growing interest in Electric Road Systems (ERS), for example, the Michigan Department for Transport (MDOT) released a tender for one mile of dynamic wireless charging and the Swedish Transport Authority (Trafikverket) released a 26-mile (42 km) ERS tender. We are excited to see the progress we have made in our technological, manufacturing and commercialization capacities in the first three quarters of 2021 as we rapidly expand to meet the growing demand we see from the market for our technology.”
Third Quarter, 2021 Financial Results
In order to deliver on the Company’s current projects, its first large-scale commercial project in Israel, and anticipated upcoming projects in EMENA, ElectReon began scaling its R&D, raw material stocking and manufacturing capacities:
2021 - Main Business Highlight
In October 2021, the company announced its first fully-commercial deal with the Dan Bus Company (“Dan”) in Israel. A large-scale commercial deployment of the company’s wireless charging infrastructure at end-terminals for approximately 200 of the operator’s bus fleet over a 5-year period:
Highlights of the Company’s growth initiatives in anticipation of upcoming short-term and long-term market opportunities across Israel, Europe, and North America:
The Company continued to achieve significant milestones in developing and commercializing it’s wireless charging technology:
The Company’s Financial Position |
||||||
Line-item |
30 September |
31 December |
||||
2021 |
2020 |
2020 |
||||
ILS 000’s |
||||||
Cash and cash equivalents |
3,803 |
179,966 |
35,137 |
|||
Deposits |
138,313 |
- |
135,310 |
|||
Accounts receivable and credit balances |
18,711 |
4,402 |
4,086 |
|||
Pledged deposit |
45 |
45 |
45 |
|||
Fixed assets, property, plant and equipment |
8,469 |
5,338 |
6,980 |
|||
Long-term prepaid expenses |
230 |
539 |
510 |
|||
Right of use assets |
1,069 |
475 |
437 |
|||
Total assets |
170,640 |
190,765 |
182,505 |
|||
Short term loan |
5,000 |
- |
- |
|||
Accounts payable, debit balances and suppliers |
16,247 |
9,443 |
12,030 |
|||
Lease liabilities |
554 |
498 |
404 |
|||
Total Liabilities |
21,801 |
9,941 |
12,434 |
|||
Total Equity |
148,839 |
180,824 |
170,071 |
|||
Operating Results |
|||||
Line-item |
For the nine months ended
|
For the three months
|
For the year ended
|
||
2021 |
2020 |
2021 |
2020 |
2020 |
|
ILS 000’s |
|||||
Research and development expenses |
30,396 |
20,304 |
11,740 |
10,135 |
35,183 |
Less R&D participation expenses |
(8,275) |
(15,601) |
(3,587) |
(7,095) |
(20,068) |
Marketing, general and administrative expenses |
12,354 |
5,231 |
5,724 |
1,853 |
7,946 |
Operating Loss |
34,475 |
9,934 |
13,877 |
4,893 |
23,061 |
Financing expenses (income), net |
(2,373) |
140 |
(967) |
77 |
164 |
Loss for the period |
32,102 |
10,074 |
12,910 |
4,970 |
23,225 |
Differentials from translating financial reports for external operations |
(118) |
(97) |
162 |
(95) |
272 |
Comprehensive loss |
31,984 |
9,977 |
13,072 |
4,875 |
23,497 |
Cash flow |
|||||
Line-item |
For the nine months ended
|
For the three months ended
|
For the year ended
|
||
2021 |
2020 |
2021 |
2020 |
2020 |
|
ILS 000’s |
|||||
Cash flows utilized for current operations |
(36,333) |
(9,540) |
(10,214) |
(10,535) |
(17,274) |
Cash flows utilized for investment activities |
(2,559) |
(1,532) |
(893) |
(1,400) |
(138,407) |
Cash flows from financing activities |
7,461 |
178,148 |
4,903 |
177,878 |
178,125 |
Increase (decrease) in cash and cash equivalents |
(31,431) |
167,076 |
(6,204) |
165,943 |
22,444 |
Disclaimer
The above are highlights of the company’s third quarter report. This is not the company’s full and binding quarterly report, which will be made available on the company’s website.
About ElectReon
ElectReon is the leading provider of wireless charging solutions for electric vehicles (EVs), providing end-to-end charging infrastructure and services to meet the needs and efficiency demands of shared, public and commercial fleet operators and consumers. The company’s proprietary inductive technology dynamically (while in motion) and statically (while stopped) charges EVs quickly and safely, eliminating range anxiety, lowering total costs of EV ownership, and reducing battery capacity needs—making it one of the most environmentally sustainable, scalable, and compelling charging solutions available today. ElectReon works with cities and fleet operators on a charging as a service (CaaS) platform that enables cost-effective electrification of public, commercial, and autonomous fleets for smooth and continuous operation. For more information, visit electreon.com.
Investor Relations Contact
GK Investor Relations
Ehud Helft
+1 212 378 8040
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Katelyn Davis
On behalf of ElectReon
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BELLINGHAM, Wash.--(BUSINESS WIRE)--SWITCH Maritime is pleased to announce the world’s first hydrogen fueling of a commercial marine vessel was successfully completed on November 18th at All American Marine shipyard, and the vessel is now beginning its final sea trials before delivery. The event is monumental step towards decarbonization of the worldwide shipping industry and showcases the United States’ energy transition away from fossil fuels.
The new 75-passenger ferry, called the Sea Change, received hydrogen into its 242 kg tanks on the upper deck. It uses that hydrogen in fuel cells producing electricity to power electric motors for distances up to 300 nautical miles, and speeds up to 20 knots – similar capabilities as diesel-powered vessels – with the added benefits of zero exhaust smoke or other emissions and very little vibration and noise.
The fuel loaded in the vessel’s tanks includes green hydrogen, produced in California by an electrolyzer powered with renewable solar power, which results in zero carbon emissions in the production of the fuel as well.
“While it’s taken us years to get to this point, the timing couldn’t be better,” says Pace Ralli, CEO of SWITCH Maritime. “In this moment, our nation is more committed than ever to making the transition to a carbon-free economy. Hydrogen will play a major role in that future, and major players in the maritime industry are ready to decarbonize. We are grateful to all our partners, and proud to play a small role in accelerating the widescale adoption of hydrogen power. Hopefully this is just the first domino to fall.”
The fueling follows the regulatory approval in October by the United States Coast Guard (USCG) of the hydrogen powertrain and storage systems onboard the Sea Change, representing the culmination of years of cooperation with the USCG focused on safely integrating hydrogen power and storage systems on passenger vessels. The achievement of this significant milestone unlocks the possibility of many future deployments of similar hydrogen power systems on all vessel types – including ocean-going containerships.
Zero Emission Industries (ZEI), formerly Golden Gate Zero Emission Marine, is responsible for the design and development of the first-of-its-kind maritime hydrogen and fuel cell system as well as the vessel’s unique fueling system that allows it to be fueled directly from a hydrogen truck, and was responsible for the successful regulatory approvals of all hydrogen-related aspects onboard. ZEI is a cutting-edge hydrogen technology company that develops and sells turnkey hydrogen power systems, advanced fuel cell balance of plant sub-systems, fueling systems, and proprietary safety systems for a range of applications.
“We’re super excited to see the Sea Change start sea trials, and I felt proud watching our fueling and hydrogen systems operate in the real world for the first time,” said Danny Terlip, Lead Engineer at ZEI. “Our whole mission at ZEI is to build new technology that makes hydrogen accessible and easy to use, and this event demonstrates how far we’ve come.”
For the fueling during sea trials, SWITCH has engaged West Coast Clean Fuels (WCCF) to develop and permit the end-to-end clean fuel supply chains that will deliver hydrogen to the Sea Change, as well as BayoTech, for high-pressure gaseous hydrogen delivery to Sea Change during sea trials in Washington using transport trailer-to-ship transfer.
SWITCH’s vision is to achieve a fully zero-carbon fueling supply chain of green hydrogen, which is currently in short supply in the US. Building more and larger vessels that demand large volumes of hydrogen offtake will increase green hydrogen production volumes, and drive the cost of hydrogen lower than diesel, further advancing the rollout of hydrogen-fueled fleets.
About the Sea Change
The Sea Change project is managed and financed by SWITCH Maritime, an impact investment firm building the first fleet of exclusively zero-carbon maritime vessels for adoption by existing ship owners and operators. It is the first of the larger zero-carbon ferry fleet that SWITCH plans to construct in 2022, in partnership with municipalities and shipowners aiming to transition to carbon-free vessels, leveraging government grant funds related to transportation decarbonization activities targeted by the landmark US infrastructure bill.
Launched in August at All American Marine shipyard in Bellingham, Washington, the Sea Change is a 70-foot catamaran ferry designed by Incat Crowther, equipped with a hydrogen fuel cell system from ZEI, which includes 360kW of fuel cells from Cummins and 242kg of hydrogen storage tanks from Hexagon Purus, and a 600kW electric propulsion system from BAE Systems which includes 100kWh of lithium-ion battery storage from XALT. The construction management was led by the Hornblower Group. Having successfully performed the first hydrogen fueling, the Sea Change is now performing final operational sea trials prior to delivery from the shipyard and before starting operations in the California Bay Area in Q1 2022.
The project is also partially funded by a $3 million grant from the California Air Resources Board (CARB), administered by the Bay Area Air Quality Management District (BAAQMD), that comes from the California Climate Investments initiative, a California statewide program that puts billions of cap-and-trade dollars to work reducing greenhouse gas emissions, strengthening the economy, and improving public health and the environment—particularly in disadvantaged communities.
Additionally, the project received the first ever loan guarantee under BAAQMD’s Climate Tech Finance program, which seeks to reduce greenhouse gases by accelerating emerging climate technologies. In partnership with the California Infrastructure Economic Development Bank and the Northern California Financial Development Corporation (NorCal FDC), the Climate Tech Finance team led a technology qualification and greenhouse gas analysis that deemed SWITCH eligible for a loan guarantee. This loan guarantee supported SWITCH in securing a $5 million construction and term loan with KeyBank, which enables SWITCH to bring this important project to completion.
--- SWITCH Maritime ---
Established in 2017, SWITCH Maritime (“SWITCH”) is a U.S. maritime investment company constructing and owning North America’s first fleet of zero emissions maritime vessels. SWITCH believes electrification, using both hydrogen fuel cell as well as battery, has the potential to address “hard-to-decarbonize” high horsepower transportation sectors, including maritime shipping. SWITCH aims to facilitate existing vessel operators’ transition to zero-carbon solutions by offering them capital-efficient access to zero-emissions vessels along with clean fuel supply solutions. More information can be found at https://www.switchmaritime.com/.
--- Zero Emission Industries ---
Launched 2017, Zero Emission Industries, previously Golden Gate Zero Emission Marine, is a hydrogen technology company that provides critically needed proprietary technology and combines it with fuel cells from leading manufactures to offer OEMs and integrators turn-key, modular and scalable hydrogen power systems for use in their products. Learn more at https://zeroei.com/.
--- All American Marine ---
All American Marine Inc., located on the shores of Bellingham Bay, was founded in 1987 and specializes in the construction of custom-tailored aluminum vessels. The company is a leading builder of high-speed passenger boats, hybrid vessels, dinner cruise boats, patrol crafts and research vessels. AAM is a proud member of the Bryton Marine Group. Stay tuned to AllAmericanMarine.com or on Facebook and Instagram for all the latest news on what’s next!
--- Incat Crowther ---
Incat Crowther is a team of engineers and innovators who provide design, build and consulting services for specialized ships from offices located in the United States, Australia, and the United Kingdom. Incat Crowther has a 30 year history with over 600 vessels in operation. As a Digital Shipbuilder, Incat Crowther has the versatility to propose multiple design and construction solutions leading toward an operator-driven optimum solution. Latest company news is available on social media or at incatcrowther.com.
--- West Coast Clean Fuels ---
WCCF was established to serve a growing market need for the delivery of future low-carbon maritime fuels, such as LNG (liquefied natural gas), RNG (renewable natural gas), and hydrogen-based fuels (such as hydrogen, methanol, and ammonia). WCCF has designed the initial supply chain based on smaller delivery volumes using truck-to-ship fuel transfers, with the ability to scale as SWITCH’s hydrogen-fueled maritime fleet expands.
--- BayoTech ---
BayoTech, an innovator in hydrogen solutions, is committed to addressing the global need for reliable, cost-effective, and low-carbon hydrogen. BayoTech sites hydrogen production close to demand and distributes it to nearby consumers via its patented high-pressure gas transport and storage equipment. Customers are accelerating the decarbonization of their energy and transportation systems through BayoTech’s supply of hydrogen molecules, sale and lease of equipment, and zero-emission power solutions. Learn more at www.bayotech.us
--- Hexagon Purus ---
Hexagon Purus is a world leading provider of hydrogen type 4 high-pressure cylinders, battery packs and vehicle systems integration for fuel cell electric and battery electric vehicles. Hexagon Purus enables zero emission solutions for light, medium and heavy-duty vehicles, buses, ground storage, distribution, maritime, rail and aerospace. Learn more at www.hexagonpurus.com
--- CARB California Climate Investments ---
Funding for the CARB grant for the country’s first zero-emission ferry comes from California Climate Investments, a statewide program that puts billions of Cap-and-Trade dollars to work reducing greenhouse gas emissions, strengthening the economy and improving public health and the environment — particularly in disadvantaged communities. Further information is available at https://ww2.arb.ca.gov/homepage
--- Bay Area Air Quality Management District ---
The Bay Area Air Quality Management District is the regional agency responsible for protecting air quality in the nine-county Bay Area. Connect with the Air District via Twitter, Facebook, and YouTube.
SWITCH Maritime
Elias Van Sickle
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DUBLIN--(BUSINESS WIRE)--The "Global Fire Suppression System Market Size, Share & Trends Analysis Report by Product, by Fire Extinguisher Type, by Application (Commercial, Industrial, Residential), by Region, and Segment Forecasts, 2021-2028" report has been added to ResearchAndMarkets.com's offering.
The global fire suppression system market size is expected to reach USD 23.76 billion by 2028, registering a CAGR of 5.0% from 2021 to 2028
Fire suppression systems help in protecting infrastructure, buildings, and their inhabitants from potential fire hazards. The growing need to prevent casualties and damage to property due to fire breakouts is expected to drive the demand for fire suppression systems over the forecast period.
Organizations are investing aggressively in installing fire suppression systems to safeguard their infrastructure and employees from fire hazards. The strong emphasis manufacturing units and incumbents of various industries and industry verticals, such as oil and gas, and power and energy, are putting on protecting their critical machinery and infrastructure from potential fire outbreaks also bodes well for the growth of the market.
Stringent rules and regulations drafted by various governments across the globe are mandating the installation of fire suppression systems. At the same time, the codes and standards developed by the National Fire Protection Association (NFPA) are also helping in ensuring that facilities are protected against damage in case of an emergency. The American Petroleum Institute also offers several resources to help the incumbents of the oil and gas industry in identifying potential fire safety hazards and provides them with solutions for prevention and protection.
The growing awareness among end consumers regarding fire safety is expected to play a vital role in driving the growth of the market over the forecast period. Growing construction activity in both developed and developing economies and the strong emphasis on refurbishing sprinkler systems are expected to foster the growth of the market. The growing preference for advanced and eco-friendly fire suppression systems also bode well for the growth.
Fire Suppression System Market Report Highlights
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Fire Suppression System Market Variables, Trends & Scope
3.1. Penetration and Growth Prospect Mapping
3.2. Global Fire Suppression System Market Dynamics
3.2.1. Market Driver Analysis
3.2.2. Market Restraints Analysis
3.3. Industry Value Chain Analysis
3.4. Penetration and Growth Prospect Mapping
3.5. Fire Suppression System Market Key Company Ranking Analysis, 2020
3.6. Market Analysis Tools
3.6.1. Fire Suppression System Industry Analysis - Porter's
3.6.2. Fire Suppression System Industry Analysis - PEST Analysis
3.7. Impact of COVID-19 on Fire Suppression System Market
Chapter 4. Fire Suppression System Market: Product Outlook
4.1. Market Size Estimates & Forecasts And Trend Analysis, 2018 - 2028 (Revenue, USD Million)
4.2. Fire Extinguisher
4.3. Fire Sprinkler
Chapter 5. Fire Suppression System Market: Fire Extinguisher Type Outlook
5.1. Market Size Estimates & Forecasts And Trend Analysis, 2018 - 2028 (Revenue, USD Million)
5.2. Gas
5.3. Water
5.4. Dry Chemical Powder
Chapter 6. Fire Suppression System Market: Application Outlook
6.1. Market Size Estimates & Forecasts And Trend Analysis, 2018 - 2028 (Revenue, USD Million)
6.2. Commercial
6.3. Industrial
6.4. Residential
Chapter 7. Fire Suppression System Market: Regional Outlook
7.1. Fire Suppression System Market, By Region, 2020 & 2028
Chapter 8. Competitive Landscape
8.1. Company Overview
8.2. Financial Performance
8.3. Product Benchmarking
8.4. Recent Developments
For more information about this report visit https://www.researchandmarkets.com/r/exfqv5
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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PARIS & ARNHEM, the Netherlands & NEW YORK--(BUSINESS WIRE)--Allego Holding B.V. (“Allego” or the “Company”), a leading pan-European electric vehicle (“EV”) charging network, which recently announced its proposed business combination with Spartan Acquisition Corp. III (NYSE: SPAQ), today confirmed that The Honorable Jane F. Garvey will assume the role of Chairwoman of the Board of Directors of Allego N.V., the combined company, upon the closing of the business combination. Current Chairman of Allego Julien Touati of Meridiam will serve as the Board’s Vice-Chair.
During her career in public service, Ms. Garvey served as the 14th Administrator of the U.S. Federal Aviation Administration (FAA) under former presidents Bill Clinton and George W. Bush. Her legacy as Administrator includes leading the FAA through one of the most challenging chapters in aviation history in the wake of September 11, 2001, and subsequently restoring America’s confidence in air travel by strengthening airline safety and instituting many modernization milestones. Ms. Garvey also served as Acting Administrator and Deputy Administrator of the Federal Highway Administration (FHWA), where she developed the GARVEE bonds, an innovative financing initiative enabling states to use federal highway funds more effectively. Ms. Garvey was previously director of Boston’s Logan International Airport and she served as Commissioner of the Massachusetts Department of Public Works.
“I’m very pleased to serve as Chairwoman of the Board of Directors of Allego N.V. upon the close of its business combination. Allego is a dynamic, market-leading company that has expanded its network of charging solutions across Europe to establish the blueprint for multi-national EV charging infrastructure development,” commented Ms. Garvey. “Allego’s mission to provide EV charging infrastructure across Europe is advancing the future of electric mobility, and I look forward to working with Allego’s management team and my fellow directors to execute on the Company’s strategic plan and support its long-term, sustainable growth.”
Ms. Garvey has served in numerous high-profile appointments across the public and private sectors that have provided her with a unique and robust set of knowledge about the intricacies of the transportation industry. In 2008, Ms. Garvey served on the transition team for President Barack Obama, helping to advise the new administration on transportation policies. Prior to that, Ms. Garvey advised U.S. public/private partnerships at JPMorgan, specifically advising on financing strategies to facilitate project delivery for state governments. She continues to serve on various corporate boards and commissions.
“We are honored to benefit from Jane’s guidance here at Meridiam, and I am thrilled to continue our partnership on the new Board of Allego N.V.,” said Julien Touati, current Chairman of the Allego Board of Directors and Partner and Corporate Development Director at Meridiam. “We are confident that Jane’s experience across both public and private operations of the transportation sector will prove invaluable as Allego continues to build out new charging sites and extend the geographic footprint of its EV charging stations across Europe.”
“Allego N.V. is very pleased to expand its Board of Directors by adding a Chairwoman of Jane’s caliber as we prepare for operations as a public company,” said Mathieu Bonnet, Chief Executive Officer of Allego. “We look forward to leveraging Jane’s insights into multiple facets of the transportation industry as we continue to reinforce our leadership position within the European EV charging market.”
About Allego
Allego delivers charging solutions for electric cars, motors, buses and trucks, for consumers, businesses and cities. Allego’s end-to-end charging solutions make it easier for businesses and cities to deliver the infrastructure drivers need, while the scalability of our solutions makes us the partner of the future. Founded in 2013, Allego is a leader in charging solutions, with an international charging network comprised of more than 26,000 charge points operational throughout Europe – and growing rapidly. Our charging solutions are connected to our proprietary platform, EV-Cloud, which gives us and our customers a full portfolio of features and services to meet and exceed market demands. We are committed to providing independent, reliable and safe charging solutions, agnostic of vehicle model or network affiliation. At Allego, we strive every day to make EV charging easier, more convenient and more enjoyable for all.
About Spartan Acquisition Corp. III
Spartan Acquisition Corp. III is a special purpose acquisition entity focused on the energy value-chain and was formed for the purpose of entering into a merger, amalgamation, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Spartan is sponsored by Spartan Acquisition Sponsor III LLC, which is owned by a private investment fund managed by an affiliate of Apollo Global Management, Inc. (NYSE: APO). For more information, please visit www.spartanspaciii.com.
Forward-Looking Statements.
This communication includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. 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. Spartan Acquisition Corp. III’s (“Spartan”) and Allego Holding B.V.’s, a Dutch private limited liability company (“Allego”), actual results may differ from their expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions (or the negative versions of such words or expressions) are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, Spartan’s and Allego’s expectations with respect to future performance and anticipated financial impacts of the proposed business combination, the satisfaction or waiver of the closing conditions to the proposed business combination, and the timing of the completion of the proposed business combination.
These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially, and potentially adversely, from those expressed or implied in the forward-looking statements. Most of these factors are outside Spartan’s and Allego’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (i) the occurrence of any event, change, or other circumstances that could give rise to the termination of the Business Combination Agreement and Plan of Reorganization (the “BCA”); (ii) the outcome of any legal proceedings that may be instituted against Athena Pubco B.V., a Dutch limited liability company (the “Athena Pubco”) and/or Allego following the announcement of the BCA and the transactions contemplated therein; (iii) the inability to complete the proposed business combination, including due to failure to obtain approval of the stockholders of Spartan, certain regulatory approvals, or the satisfaction of other conditions to closing in the BCA; (iv) the occurrence of any event, change, or other circumstance that could give rise to the termination of the BCA or could otherwise cause the transaction to fail to close; (v) the impact of the COVID-19 pandemic on Allego’s business and/or the ability of the parties to complete the proposed business combination; (vi) the inability to obtain or maintain the listing of Athena Pubco’s common shares on the New York Stock Exchange following the proposed business combination; (vii) the risk that the proposed business combination disrupts current plans and operations as a result of the announcement and consummation of the proposed business combination; (viii) the ability to recognize the anticipated benefits of the proposed business combination, which may be affected by, among other things, competition, the ability of Allego to grow and manage growth profitably, and to retain its key employees; (ix) costs related to the proposed business combination; (x) changes in applicable laws or regulations; and (xi) the possibility that Allego, Spartan or Athena Pubco may be adversely affected by other economic, business, and/or competitive factors. The foregoing list of factors is not exclusive. Additional information concerning certain of these and other risk factors is contained in Spartan’s most recent filings with the SEC and in the registration statement on Form F-4 (the “Form F-4”), including the proxy statement/prospectus forming a part thereof filed by Athena Pubco in connection with the proposed business combination on September 30, 2021. All subsequent written and oral forward-looking statements concerning Spartan, Allego or Athena Pubco, the transactions described herein or other matters and attributable to Spartan, Allego, Athena Pubco or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements above. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Each of Spartan, Allego and Athena Pubco expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in their expectations with respect thereto or any change in events, conditions, or circumstances on which any statement is based, except as required by law.
No Offer or Solicitation.
This communication is not a proxy statement or solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the proposed business combination and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of Spartan, Athena Pubco or Allego, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or exemptions therefrom.
Important Information About the Proposed Business Combination and Where to Find It.
In connection with the proposed business combination, a registration statement on Form F-4 was filed by Athena Pubco with the SEC on September 30, 2021. Once declared effective, the Form F-4 will include a definitive proxy statement to be distributed to holders of Spartan’s common stock in connection with Spartan’s solicitation for proxies for the vote by Spartan’s stockholders in connection with the proposed business combination and other matters as described in the Form F-4, as well as a prospectus of Athena Pubco relating to the offer of the securities to be issued in connection with the completion of the business combination. Spartan, Allego and Athena Pubco urge investors, stockholders and other interested persons to read the Form F-4, including the proxy statement/prospectus incorporated by reference therein, as well as other documents filed with the SEC in connection with the proposed business combination, as these materials contain important information about Allego, Spartan, and the proposed business combination. Such persons can also read Spartan’s final prospectus dated February 8, 2021 (SEC File No. 333-252866), for a description of the security holdings of Spartan’s officers and directors and their respective interests as security holders in the consummation of the proposed business combination. After the Form F-4 has been filed and declared effective, the definitive proxy statement/prospectus will be mailed to Spartan’s stockholders as of a record date to be established for voting on the proposed business combination. Stockholders will also be able to obtain copies of such documents, without charge, once available, at the SEC’s website at www.sec.gov, or by directing a request to: Spartan Acquisition Corp. III, 9 West 57th Street, 43rd Floor, New York, NY 10019, or (212) 515-3200. These documents, once available, can also be obtained, without charge, at the SEC’s web site (http://www.sec.gov).
INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN HAS NOT BEEN APPROVED OR DISAPPROVED BY THE SEC OR ANY OTHER REGULATORY AUTHORITY NOR HAS ANY AUTHORITY PASSED UPON OR ENDORSED THE MERITS OF THE OFFERING OR THE ACCURACY OR ADEQUACY OF THE INFORMATION CONTAINED HEREIN. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.
Participants in the Solicitation.
Spartan, Allego, Athena Pubco and their respective directors, executive officers and other members of their management and employees, under SEC rules, may be deemed to be participants in the solicitation of proxies of Spartan’s stockholders in connection with the proposed business combination. Investors and security holders may obtain more detailed information regarding the names, affiliations and interests of Spartan’s directors and executive officers in Spartan’s final prospectus dated February 8, 2021 (SEC File No. 333-252866), which was filed with the SEC on February 10, 2021. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies of Spartan’s stockholders in connection with the proposed business combination will be set forth in the proxy statement/prospectus for the proposed business combination when available. Information concerning the interests of Spartan’s, Athena Pubco’s and Allego’s participants in the solicitation, which may, in some cases, be different than those of Spartan’s, Athena Pubco’s and Allego’s equity holders generally, will be set forth in the proxy statement/prospectus relating to the proposed business combination when it becomes available.
For Allego
Investors
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For Meridiam
FTI Consulting
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For Spartan Acquisition Corp. III
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DUBLIN, Ohio--(BUSINESS WIRE)--#forecastadvisor--ForecastAdvisor.com, the site that tells users how accurate weather forecasts are in their area, and a division of Intellovations, Inc. is inviting visitors to explore their new and improved website. The site has been designed to offer the ultimate user-friendly experience with improved navigation and functionality while still allowing consumers to see a full analysis of forecast accuracy for their area and choose the best weather app to use for their specific location.
Created with the user experience in mind, the site includes many innovative features to help users quickly and easily understand which forecasters provide the best forecasts for their location and understand how their weather changes with features such as:
1. Detailed forecast accuracy measurements for high and low temperature and precipitation
2. Location ranking to see how their city ranks compared to others in accuracy
3. Weather changeability information to help users understand their local weather better
“We are thrilled to launch our new ForecastAdvisor.com website and strongly feel it will serve as is an easy-to-use outlet of forecast accuracy data,” said Eric Floehr, Founder and CEO of Intellovations. "Today, over 85% of digital weather content is consumed through smartphone apps. Consumers deserve a completely independent source to help them determine the most accurate one that works best for them.”
Visitors to the new site can also stay informed by signing up for our newsletter, which will let subscribers know of new features and interesting weather information and analysis.
ABOUT INTELLOVATIONS
Intellovations, LLC, has been the world’s premier weather forecast monitoring and assessment company since 2003. Collecting weather forecast data from thousands of locations throughout the U.S. and around the world, this information is added to an ever-growing and unparalleled historical and observational database of over a billion weather forecasts. Known for the ForecastWatch product suite, their expertise in software development, data analytics, and forecast accuracy deliver business critical, actionable weather and climate intelligence to the weather industry, government, and the energy, insurance, life sciences, and entertainment industries . Consumers benefit from the ForecastAdvisor product. Intellovations’ data meets the highest standard of scientific inquiry and has been used in several peer-reviewed studies. For more information, visit intellovations.com.
Amy Dayton
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614-923-2050
NORTH CHARLESTON, S.C.--(BUSINESS WIRE)--#CSA--Ingevity Corporation (NYSE:NGVT) today announced that it has received an industry-wide, top-quartile rating for sustainability by the 2021 S&P Global Corporate Sustainability Assessment (CSA), an advancement in the company’s overall rating due in large part to a significant increase in its environmental score. The CSA is an independent evaluation of corporate environmental, social and governance (ESG) practices widely used to benchmark performance on industry-specific sustainability criteria.
“I am immensely proud of the work our team is doing to advance Ingevity’s ESG goals, and excited to see that progress acknowledged with increases in our CSA ratings,” said John Fortson, Ingevity’s president and CEO. “While we have a strong reputation for creating products and technologies that provide sustainability solutions for our customers, the CSA report also recognizes our continuing efforts to create a culture and way of working at Ingevity that is increasingly rooted in and guided by our ESG principles.”
Established in 1999, the CSA has become the basis for numerous ESG indices over the last two decades. The CSA applies a best-in-class approach, comparing companies across 61 industries. On the basis of their performance, companies receive rankings for approximately 20 financially relevant sustainability criteria across economic, environmental and social dimensions.
Ingevity publishes an annual sustainability report that details the company’s progress toward ESG goals, provides an overview of sustainability initiatives, metrics and certifications and outlines its framework of management practices. To learn more about Ingevity’s purpose to purify, protect and enhance the world and view its sustainability report, please visit: www.ingevity.com/about/sustainability.
Ingevity: Purify, Protect and Enhance
Ingevity provides products and technologies that purify, protect and enhance the world around us. Through a team of talented and experienced people, we develop, manufacture and bring to market solutions that help customers solve complex problems and make the world more sustainable. We operate in two reporting segments: Performance Chemicals, which includes specialty chemicals and engineered polymers, and Performance Materials, which includes high-performance activated carbon. These products are used in a variety of demanding applications, including asphalt paving, oil exploration and production, agrochemicals, adhesives, lubricants, publication inks, coatings, elastomers, bioplastics and automotive components that reduce gasoline vapor emissions. Headquartered in North Charleston, South Carolina, Ingevity operates from 25 locations around the world and employs approximately 1,850 people. The company is traded on the New York Stock Exchange (NYSE:NGVT). For more information visit www.ingevity.com
Caroline Monahan
843-740-2068
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Investors:
Bill Hamilton
843-740-2138
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New Additions Highlight Wisk’s Growth Trajectory and Adds to Bench of Industry-Leading Talent
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--#EverydayFlight--Wisk Aero, a leading Advanced Air Mobility (AAM) company and developer of the first all-electric, self-flying air taxi in the U.S., expands its Executive Leadership Team with the addition of Sebastien Vigneron as Senior Vice President of Engineering and Programs and Ricky Robinson as Chief People Officer. The additions highlight Wisk’s growth trajectory and add to the company’s industry-leading talent.
“Wisk has established itself as a leader in the advanced air mobility industry and is on an exciting growth trajectory,” said Gary Gysin, CEO of Wisk. “Our people, combined with our technology, are the keys to our success. The extensive experience and expertise that Sebastien and Ricky bring to Wisk will be critical as we scale in these areas, both today and in the future.”
Sebastien brings more than 18 years of experience to his role as Senior Vice President of Engineering and Programs, where he will be responsible for executing the company’s technical vision and roadmap, overseeing the development of current and future aircraft, and directing Wisk’s Engineering, Certification, Product Management, and Programs teams. He joins Wisk from Virgin Hyperloop, where he was Vice President of Product Development Engineering and Chief Engineer, and led the development of the Hyperloop system, a new mode of transportation from requirements capture through design, build, and test. He has also held key leadership and technical roles at Bombardier and Dassault Aviation developing type certified aircraft from initial concept through flight testing and certification. He holds a Bachelor’s and Master’s degree in Mechanical Engineering from Ecole Polytechnique in France and a Master’s degree in Aeronautics and Astronautics from Stanford University.
“Joining Wisk is a once-in-a-lifetime opportunity to transform mobility in a way that is effective, accessible, and sustainable,” said Sebastien. “I truly believe that all-electric, self-flying aircraft are the future of air mobility and Wisk has been at the forefront of this technology for over a decade. I am excited to be part of this amazing journey and to help realize the promise of autonomous AAM in making aviation smarter, safer, and more efficient.”
In his role as Chief People Officer, Ricky will help facilitate the continued growth of Wisk, including talent management, organizational structure and culture, diversity, equality and inclusion (DE&I), and more. With more than 25 years of experience, Ricky has held various HR leadership roles at Nortek, Anixter International, Gap, and Office Depot. His most recent role prior to joining Wisk was as Vice President of HR in the Cardiovascular Portfolio at Medtronic, one of the largest medical device companies in the world. Ricky is also active in the leadership of a number of nonprofits, including the Attles Center for Excellence (ACE), Ability Now Bay Area, and the Mary Valle Foundation for the Cerebral Palsied. He earned both a bachelor's and master's degree in Organizational Communications from San Francisco State University.
“Wisk is a clearly established leader in the Advanced Air Mobility Space with a real value proposition that makes it an employer of choice and a destination for talent,” said Robinson. “I look forward to leveraging my experience to help Wisk lead from the front, as we continue to grow. I’m extremely excited to be part of the Wisk family and about the opportunities that we have in front of us.”
Since 2010, Wisk has been focused on delivering safe, everyday flight for everyone. After successfully designing, developing, and testing five generations of eVTOL aircraft, Wisk is now designing its sixth-generation aircraft. Learn more about Wisk’s journey and history of aviation firsts.
ABOUT WISK
Wisk is an urban air mobility company dedicated to delivering safe, everyday flight for everyone. Wisk’s self-flying, eVTOL (electric vertical takeoff and landing) air taxi, will make it possible for passengers to skip the traffic and get to their destination faster. Based in the San Francisco Bay Area and New Zealand, Wisk is an independent company backed by The Boeing Company and Kitty Hawk Corporation. With over a decade of experience and over 1500 test flights, Wisk is shaping the future of daily commutes and urban travel, safely and sustainably.
Wisk is on a journey to deliver safe, autonomous, all-electric, everyday flight, join us and learn more here.
Chris Brown
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HOUSTON--(BUSINESS WIRE)--Enstor Gas, LLC (“Enstor”), the largest privately owned gas storage company in the U.S. and an affiliate of ArcLight Capital Partners, LLC (“ArcLight”), is pleased to announce that it has been recognized as one of Houston’s Top Workplaces in 2021.
The Houston Chronicle recognized Enstor based on data from independent researcher Energage, which administered employee engagement surveys to employees nationwide and presented the Top Workplace award to those companies receiving the highest rankings based on survey responses from each company’s own employees.
In receiving the award, Enstor CEO Paul Bieniawski said, “We are honored to have been scored so highly by our employees, to the point of being named one of Houston’s Top Workplaces in 2021 by the Houston Chronicle.” The response rate to the employee survey by Enstor employees was 76.5% of the company’s 111 employees as of June 2021. Besides Enstor, other Houston energy companies receiving the Top Workplace honor for 2021 include Plains All American Pipeline, EOG Resources and Kinder Morgan Inc.
About Enstor Gas, LLC
Enstor Gas is the largest privately owned natural gas storage company in the United States. Headquartered in Houston, the company owns and operates seven active underground natural gas storage facilities in five states with more than 134 BCF in working gas capacity. Enstor has approximately 179 miles of transmission pipelines and 39 interconnects to major transmission pipelines. Enstor is backed by ArcLight Capital Partners, LLC, a leading private equity firm focused on North American energy infrastructure investments. For more information, please visit www.enstorinc.com.
About ArcLight Capital Partners, LLC
ArcLight is one of the leading private equity firms focused on energy infrastructure investments. Founded in 2001, the firm helped pioneer an asset-based private equity approach to investing in the dynamic energy sector. ArcLight has invested approximately $25 billion in 113 transactions since inception. Based in Boston, the firm's investment team employs a hands-on value creation strategy that utilizes its in-house technical, operational, and commercial specialists and works closely with the firm's 1,000-person asset management affiliate. More information about ArcLight, and a complete list of ArcLight's portfolio companies, can be found at www.arclightcapital.com.
Bevo Beaven
TEN|10 Group
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IRVINE, Calif.--(BUSINESS WIRE)--November 30, 2021-- ITT Inc.’s (NYSE: ITT) connector business introduces its ruggedized, modular circular series Veam MOVE-MOD™. The flexible design delivers power, signal, and data in a single connector by utilizing a range of snap-in modules with various contact layouts to match individual system requirements. Developed for use in harsh environments, these ultra-durable connectors are suitable for a wide range of applications, including rail, heavy and off-road vehicles, alternative energy and infrastructure, robotics, and other industrial equipment.
“Our customers have relied on Veam connectors to overcome their critical challenges for more than 60 years. MOVE-MOD is a next-generation solution designed to meet their evolving needs,” says Ellen McMillan, Vice President and General Manager Europe, ITT Connect and Control Technologies. “The modular nature of these innovative connectors give long-term flexibility to adapt, convert and expand connectivity post-design-in by simply swapping out modules.”
One key advantage the circular MOVE-MOD series has over its rectangular equivalents is its suitability for size-restricted applications. In comparison to standard rectangular connectors with equivalent pin counts, MOVE-MOD has a condensed footprint. Toolless assembly and installation combined with ultra-secure bayonet coupling that features visual, tactile, and audible secondary locking confirmation ensure MOVE-MOD is a fast and easy solution to work with.
The series is available in two ultra-harsh-environment, RoHS and REACH compliant plating options that deliver 500-hour salt spray resistance. The first option is the proprietary Blue Generation® plating is a high-performance Zinc Nickel formulation that is conductive and offers excellent RFI shielding. While the second option, Black Hard Anodized plating, is a popular non-conductive option, also for use in extreme environments.
Additional key features of the MOVE-MOD series include:
For more information about the MOVE-MOD series of modular, circular interconnects, please visit: www.ittcannon.com
About ITT
ITT is a diversified leading manufacturer of highly engineered critical components and customized technology solutions for the transportation, industrial, and oil and gas markets. Building on its heritage of innovation, ITT partners with its customers to deliver enduring solutions to the key industries that underpin our modern way of life. ITT is headquartered in White Plains, N.Y., with employees in more than 35 countries and sales in approximately 125 countries. For more information, visit www.itt.com
About ITT's Connect and Control Technologies Business
ITT's Connect and Control Technologies business designs and manufactures harsh-environment connectors and critical energy absorption, motion, flow and environmental control components. Through leading brands such as Aerospace Controls, BIW Connector Systems, Cannon, Compact, Enidine and Veam, the business serves customers in the aerospace, automation, defense, energy, industrial, infrastructure and transportation markets.
Business Media:
Kellie Harris
+1 914 216 4025
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Nigel Steel
+44 7738 682837
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Customers:
Richard Miles
+44 (0)7920 266088
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