DUBLIN--(BUSINESS WIRE)--The "Marine Fleet Management Software Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031" report has been added to ResearchAndMarkets.com's offering.
A latest study collated and published analyzes the historical and present-day scenario of the global marine fleet management software market to accurately gauge its potential future development.
The study presents detailed information about the important growth factors, restraints, and key trends that are creating the landscape for the future growth of the marine fleet management software market to identify the opportunistic avenues of the business potential for stakeholders. The report also provides insightful information about how the marine fleet management software market is expected to progress during the forecast period of 2021-2031.
The report offers intricate dynamics about the different aspects of the marine fleet management software market that aids companies operating in the market in making strategic development decisions. This study elaborates on the significant changes that are highly anticipated to configure the growth of the marine fleet management software market during the forecast period. It also includes a key indicator assessment to highlight the growth prospects of the marine fleet management software market, and estimates statistics related to the market progress in terms of value (US$ Mn).
The study covers a detailed segmentation of the marine fleet management software market, along with country analysis, key information, and a competitive outlook. The report mentions the company profiles of key players that are currently dominating the marine fleet management software market, wherein various development, expansion, and winning strategies practiced and executed by leading players have been presented in detail.
Companies Mentioned
Key Questions Answered in this Report on Marine Fleet Management Software Market
Key Topics Covered:
1. Preface
2. Assumptions and Research Methodology
3. Executive Summary - Global Marine Fleet Management Software Market
4. Market Overview
4.1. Market Definition
4.2. Technology/ Product Roadmap
4.3. Market Factor Analysis
4.3.1. Forecast Factors
4.3.2. Ecosystem/ Value Chain Analysis
4.3.3. Market Dynamics (Growth Influencers)
4.3.3.1. Drivers
4.3.3.2. Restraints
4.3.3.3. Opportunities
4.3.3.4. Impact Analysis of Drivers and Restraints
4.4. COVID-19 Impact Analysis
4.4.1. Impact of COVID-19 on Marine Fleet Management Software Market
4.4.2. End-user Sentiment Analysis: Comparative Analysis on Spending
4.4.2.1. Increase in Spending
4.4.2.2. Decrease in Spending
4.4.3. Short Term and Long Term Impact on the Market
4.5. Overview of Marine Fleet Management, by Geography of Operation
4.5.1. Deep-sea shipping
4.5.2. Short-sea shipping
4.5.3. Coastal shipping
4.5.4. Inland waterways
4.6. Market Opportunity Assessment - by Region (North America/ Europe/ Asia Pacific/ Middle East & Africa/ South America)
4.6.1. By Component
4.6.2. By Deployment Type
4.6.3. By End-user
5. Global Marine Fleet Management Software Market Analysis and Forecast
5.1. Market Revenue Analysis (US$ Mn), 2016-2031
5.1.1. Historic Growth Trends, 2016-2020
5.1.2. Forecast Trends, 2021-2031
5.2. Pricing Model Analysis/ Price Trend Analysis
6. Global Marine Fleet Management Software Market Analysis, by Component
7. Global Marine Fleet Management Software Market Analysis, by Deployment Type
8. Global Marine Fleet Management Software Market Analysis, by End-user
9. Global Marine Fleet Management Software Market Analysis and Forecast, by Region
10. North America Marine Fleet Management Software Market Analysis
11. Europe Marine Fleet Management Software Market Analysis and Forecast
12. APAC Marine Fleet Management Software Market Analysis and Forecast
13. Middle East & Africa (MEA) Marine Fleet Management Software Market Analysis and Forecast
14. South America Marine Fleet Management Software Market Analysis and Forecast
15. Competition Landscape
15.1. Market Competition Matrix, by Leading Players
15.2. Market Revenue Share Analysis (%), by Leading Players (2020)
16. Company Profiles
17. Key Takeaways
For more information about this report visit https://www.researchandmarkets.com/r/fc5vwi
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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EverGen executes on operational and growth initiatives, including the optimization of the Fraser Valley Biogas RNG facility
VANCOUVER, British Columbia--(BUSINESS WIRE)--EverGen Infrastructure Corp. (“EverGen'' or the “Company”) (TSXV:EVGN) today announced financial results for the third quarter ended September 30, 2021. For further information on these results please see the Company’s Consolidated Interim Financial Statements and Management’s Discussion and Analysis filed on SEDAR at www.sedar.com and on EverGen’s website at www.evergeninfra.com. All amounts are in Canadian dollars unless otherwise stated and are in accordance with IFRS.
Third Quarter Events & Updates
“Our third quarter performance aligned with our seasonal expectations for our composting facilities, and we are pleased with the continued optimization of our sites, in particular Fraser Valley Biogas which saw production highs in the quarter,” said Chase Edgelow, CEO of EverGen. “Our IPO in August strengthened our position as a leader in the Canadian renewable natural gas (“RNG”) market and as we continue to build the portfolio and advance our facility optimizations, we are furthering Canada’s efforts in combating climate change.”
Financial Highlights Q3, 2021
The operating results of the RNG business were ahead of expectations as a result of optimized performance at the Fraser Valley Biogas facility. Overall, the consolidated results of EverGen in the third quarter of 2021 demonstrate operating performance in line with seasonal expectations for the composting businesses.
Three months ended:
In millions of Canadian Dollars
|
September 30, 2021
|
June 30, 2021
|
Revenue |
1.94 |
3.35 |
Gross profit |
1.58 |
2.48 |
Gross profit % |
81% |
74% |
Operating profit (loss)(1) |
0.59 |
1.62 |
Net income (loss) |
0.49 |
(0.18) |
Adjusted EBITDA(1) |
0.79 |
1.86 |
Statement of Financial Position
| In millions of Canadian Dollars |
September 30, 2021
|
December 31, 2020
|
Total assets |
80.93 |
50.51 |
Total liabilities |
19.04 |
18.60 |
Total shareholders equity |
61.89 |
31.91 |
Working capital surplus (deficit)(1) |
21.75 |
(2.84) |
About EverGen Infrastructure Corp.
EverGen, Canada’s Renewable Natural Gas Infrastructure Platform, is combating climate change and helping communities contribute to a sustainable future, starting on the West Coast. EverGen is an established independent renewable energy producer which acquires, develops, builds, owns and operates a portfolio of Renewable Natural Gas, waste to energy, and related infrastructure projects. EverGen is focused on British Columbia, with continued growth expected across other regions in North America.
For more information about EverGen Infrastructure Corp. and our projects, please visit www.evergeninfra.com.
(1) Non-IFRS Measures
EverGen uses certain financial measures referred to in this press release to quantify its results that are not prescribed by International Financial Report Standards (“IFRS”). The terms “adjusted EBITDA”, “operating profit” and “working capital” are not recognized measures under IFRS and may not be comparable to that reported by other companies. EverGen believes that, in addition to measures prepared in accordance with IFRS, the non-GAAP measurements provide useful information to evaluate the Company’s performance and ability to generate cash, profitability and meet financial commitments.
These non-GAAP measures are intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS.
“Adjusted EBITDA” is defined as net earnings before finance costs, taxes and depreciation and amortization adjusted for one-time or non-recurring items, share-based compensation expense, litigation and other claims settlements, gains and losses resulting from changes in certain balance sheet valuations, acquisition costs and costs related to our IPO, including estimated incremental auditing and professional services costs incurred in connection with our IPO.
“Operating profit” is measured as gross profit, less operating costs and general and administrative expenses.
“Working capital” for EverGen is calculated as current assets less current liabilities.
Forward-Looking Statements
This news release contains forward-looking statements and/or forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable securities laws. When used in this release, such words as “would”, “will”, “anticipates”, believes”, “explores” and similar expressions, as they relate to EverGen, or its management, are intended to identify such forward-looking statements. Such forward-looking statements reflect the current views of EverGen with respect to future events, and are subject to certain risks, uncertainties and assumptions. Many factors could cause EverGen's actual results, performance or achievements to be materially different from any expected future results, performance or achievement that may be expressed or implied by such forward-looking statements. These forward-looking statements are subject to numerous risks and uncertainties, including but not limited to: the impact of general economic conditions in Canada, including the ongoing COVID-19 pandemic; industry conditions including changes in laws and regulations and/or adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, in Canada; volatility of prices for energy commodities; change in demand for clean energy to be offered by EverGen; competition; lack of availability of qualified personnel; obtaining required approvals of regulatory authorities, in Canada; ability to access sufficient capital from internal and external sources; optimization and expansion of organic waste processing facilities and RNG feedstock; the realization of cost savings through synergies and efficiencies expected to be realized from the acquisitions of NZWA, SSS and FVB; the sufficiency of EverGen’s liquidity to fund operations and to comply with covenants under its credit facility; continued growth through strategic acquisitions and consolidation opportunities; continued growth of the feedstock opportunity from municipal and commercial sources, many of which are beyond the control of EverGen. Forward-looking statements included in this news release should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such forward-looking statements.
Readers are encouraged to review and carefully consider the risk factors pertaining to EverGen described in EverGen’s final prospectus dated May 17, 2021, which is accessible on EverGen's SEDAR issuer profile at www.sedar.com. The forward-looking statements contained in this release are made as of the date of this release, and except as may be expressly be required by law, EverGen disclaims any intent, obligation or undertaking to publicly release any updates or revisions to any forward-looking statements contained herein whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
Management of EverGen has included the above summary of assumptions and risks related to forward-looking statements provided in this release in order to provide shareholders with a more complete perspective on EverGen's current and future operations and such information may not be appropriate for other purposes. EverGen's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what benefits EverGen will derive therefrom.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction.
EverGen Investors
Kelly Castledine
416-576-8158
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EverGen Media
Katie Reiach
604.614.5283
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Company expands technical leadership with appointment of Mr. David Allen
CALGARY, Alberta--(BUSINESS WIRE)--#NAH--North American Helium Inc. (“NAH” or the “Company”) today announced the Company recently closed a non-brokered common share equity financing of approximately $127 million. Proceeds from the financing will be used to, among other things, advance the Company’s active exploration and development plan for the 2021/22 drilling season and to bring additional helium production online in 2022.
This current round of financing was led by XM Capital Partners Opportunity Fund LP, a new investor in NAH, with significant participation from existing institutional shareholders.
“I would like to thank our existing shareholders for their continued support and welcome XM Capital Partners as a significant new shareholder. This financing, along with internally generated cash flow, positions us to have maximum flexibility to develop multiple production assets simultaneously, and to support our strategy of building a platform to provide reliable long-term sources of green helium supply in North America.” stated Mr. Nicholas Snyder, Chairman and Chief Executive Officer. Mr. Snyder continued:
“With the increased focus on the sustainability and reliability of supply chains globally, our company is uniquely positioned to help ensure that there will be sufficient helium supplies into the future for the rapidly growing space exploration and semiconductor manufacturing industries. In our view, the Government of Saskatchewan continues to recognize the importance of this industry and this month launched the Helium Action Plan, which provides policy and program commitments to support and grow green helium production in the province.”
EXECUTIVE APPOINTMENT
The Company also announces the appointment of Mr. David Allen in the role of Executive Vice President, Exploration and Planning. Dave is a geologist with over 35 years of experience in senior leadership roles across broad business functions. Dave has extensive experience working with diverse teams to build, characterize, and optimize drilling prospect inventories for use in guiding corporate asset acquisition and capital programming activities.
Dave will be spearheading the classification and prioritization of growth opportunities across the Company’s five-million-acre land position, working collaboratively with the geology and geophysics teams to advance tactical and strategic growth initiatives. He will also be actively involved in engineering and long-term planning as the Company increases production and continues to build a regional green helium hub in Saskatchewan, Canada.
Mr. Marlon McDougall, President and Chief Operating Officer added, “It is a very exciting time at NAH as we have entered a significant growth phase. In order to meet these expectations, we will continue to expand roles and functions as necessary in order to build on our reputation as the leading helium exploration and production company in North America. I’m happy to have someone of Dave’s caliber onboard to help drive this effort.”
UPCOMING CONFERENCE PARTICIPATION
The Company has been invited to participate in the Helium Super Summit 2021 in Houston, Texas, which is set to take place from December 7th – 9th, 2021. This event provides a forum for helium market and technological discussions by various leading industry participants, analysts, and experts.
Mr. Marlon McDougall will be presenting at the event.
Presentation date: December 9, 2021
Time: 12:30pm CST
ABOUT NORTH AMERICAN HELIUM INC.
NAH has been the most active helium driller in Saskatchewan with over 30 wells drilled to date. The Company plans to have a continuous capital investment program, which will include acquisition of additional third-party and proprietary seismic data, drilling 15-20 wells per year, and concurrently building additional helium processing facilities as new fields are developed.
Founded in 2013, North American Helium is a Calgary-based, private helium exploration and production company. To our knowledge, NAH is the only company in the past 40 years to successfully explore for and discover new economic fields of high helium gas in North America. Over the past several years, NAH has made four new discoveries and acquired rights to explore for and produce helium on a land base of over 5.0 million contiguous acres, primarily in Saskatchewan, Canada and Utah, USA. The Company owns and operates Canada’s largest helium purification facility, providing reliable, long-term North American supply of this scarce resource to meet growing demand. For more information please visit: https://nahelium.com.
ABOUT HELIUM
Helium is an inert gas produced by the decay of uranium and thorium that can be trapped in underground reservoirs proximal to the source. Its unique physical properties make it vital for several high technology applications where there is often no substitute. Helium's low boiling point and non-reactive nature make it vital for the pressurization and purging of liquid fuels in rockets for space exploration and satellite infrastructure. Helium is also required for semiconductor manufacturing, MRI machines and certain welding applications due to its high heat capacity. A well-known but minor use is as a lifting gas in balloons and airships.
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Note: All financial figures are in Canadian dollars unless otherwise noted.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities in any jurisdictions in which such offer, solicitation or sale would be unlawful. Any offering made will be pursuant to available prospectus exemptions and restricted to persons to whom the securities may be sold in accordance with the laws of such jurisdictions, and by persons permitted to sell the securities in accordance with the laws of such jurisdictions.
Legal Notice Regarding Forward Looking Statements: This news release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking statements are indicated expectations or intentions. Forward-looking statements in this news release include statements with respect to use of proceeds, operational plans, and plans for increased production and building at certain properties held by the Company. Several factors could cause actual results to be materially different from such statements including market conditions. Investors are cautioned against placing undue reliance on forward-looking statements. It is not our policy to update forward looking statements.
FOR INVESTOR AND MEDIA INQUIRIES:
Marlon McDougall, President & COO
North American Helium Inc.
Clayton Paradis, Vice President
Incite Capital Markets
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DAYTON, Ohio--(BUSINESS WIRE)--REX American Resources Corporation (NYSE American: REX), a leading ethanol company, announced today that it will report its fiscal 2021 third quarter financial results on Wednesday, December 1, pre-market and will host a conference call and webcast at 11:00 a.m. ET that morning to review the results.
To access the conference call, interested parties may dial 212/231-2932 (domestic and international callers). Participants can also listen to a live webcast of the call by going to the Investors section on the REX website at www.rexamerican.com. A webcast replay will be available for 30 days following the live event.
About REX American Resources Corporation
REX American Resources has interests in six ethanol production facilities, which in aggregate shipped approximately 698 million gallons of ethanol over the twelve-month period ended July 31, 2021. REX’s effective ownership of the trailing twelve-month gallons shipped (for the twelve months ended July 31, 2021) by the ethanol production facilities in which it has ownership interests was approximately 283 million gallons. In addition, the Company acquired a refined coal operation in August 2017. Further information about REX is available at www.rexamerican.com.
Douglas Bruggeman
Chief Financial Officer
937/276‑3931
Joseph Jaffoni, Norberto Aja
JCIR
212/835-8500
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DALLAS, Texas--(BUSINESS WIRE)--CBRE Acquisition Holdings, Inc. (NYSE: CBAH) (“CBAH”), a publicly-traded special purpose acquisition company, reminds its stockholders to vote in favor of the previously announced business combination (the “Business Combination”) with Altus Power, Inc. (“Altus Power”), a market-leading clean electrification company.
Stockholders who owned common stock of CBAH as of the close of business on October 27, 2021 (the “Record Date”), may vote their shares. Stockholders as of the Record Date continue to have the right to vote their shares, regardless of whether such stockholders subsequently sold their shares and do not own such shares as of the date they cast their vote.
The special meeting of the CBAH stockholders to approve the pending Business Combination (the “Special Meeting”) is scheduled to be held on December 6, 2021 at 10:00 a.m. Eastern Time. The Special Meeting will be conducted completely virtually, and can be accessed via live webcast at https://www.cstproxy.com/cbreacquisitionholdings/2021.
Additional information on how stockholders of record may vote their shares can be found at https://cbreacquisitionholdings.com/
Every stockholder’s vote is important, regardless of the number of shares held. Accordingly, all CBAH stockholders who held shares as of the Record Date who have not yet voted are encouraged to do so as soon as possible so that it is received no later than 10:00 a.m. Eastern Time on December 6, 2021. For the avoidance of doubt, CBAH stockholders who owned shares as of the Record Date and subsequently sold all or a portion of their shares are STILL entitled to vote, and are encouraged to do so. CBAH’s board of directors recommends you vote “FOR” the Business Combination with Altus Power and “FOR” all of the related proposals described in the proxy statement/prospectus included in the Registration Statement on Form S-4 filed by CBAH with the Securities and Exchange Commission (“SEC”), a definitive copy of which has been mailed to all CBAH stockholders who owned shares as of the Record Date.
These are the two easiest and fastest ways to vote – and they are both free:
Additionally, you can also vote by mail:
YOUR CONTROL NUMBER IS FOUND ON YOUR PROXY CARD OR VOTING INSTRUCTION FORM.
If you hold your shares directly with CBAH (i.e., are a “holder of record”) and did not receive or misplaced your proxy card, contact Morrow Sodali, CBAH’s proxy solicitor, for a form replacement or to obtain your control number. If you hold your shares through a broker, bank or other nominee and did not receive or have misplaced your Voting Instruction Form, contact your broker, bank or nominee through which you hold your shares for a form replacement or to obtain your control number. You will need this in order to vote or attend the Special Meeting.
If any individual CBAH stockholder who held shares as of the October 27, 2021 record date for voting does not receive the proxy statement/prospectus, such stockholder should (i) confirm his or her proxy statement/prospectus’s status with his or her broker, bank or other nominee, (ii) contact Morrow Sodali LLC, CBAH’s proxy solicitor, for assistance via e-mail at This email address is being protected from spambots. You need JavaScript enabled to view it. or toll-free call at (800) 662-5200 and brokers, banks and other nominees can place a collect call to Morrow Sodali at (203) 658-9400, or (iii) contact CBAH by mail at CBRE Acquisition Holdings, Inc., 2100 McKinney Avenue, Suite 1250, Dallas, TX 75201.
Important Information About the Business Combination and Where to Find It
CBAH has filed with the U.S. Securities and Exchange Commission (“SEC”) a Registration Statement on Form S-4 (the “Registration Statement”), which includes a proxy statement/prospectus in connection with the proposed business combination between Altus Power and CBAH (the “business combination”) and the other transactions contemplated by the business combination agreement entered into by Altus Power and CBAH. The Registration Statement was declared effective by the SEC on November 5, 2021 and CBAH also filed the definitive proxy statement/prospectus with respect to the business combination on that date. CBAH’s stockholders and other interested persons are advised to read the Registration Statement and definitive proxy statement/prospectus in connection with CBAH’s solicitation of proxies for its stockholders’ Special Meeting to be held to approve the business combination because the proxy statement/prospectus contains important information about CBAH, Altus Power and the business combination. The definitive proxy statement/prospectus and other relevant documents have been mailed to stockholders of CBAH as of October 27, 2021, the record date for the Special Meeting. Stockholders will also be able to obtain copies of the Registration Statement and the proxy statement/prospectus, without charge at the SEC’s website at www.sec.gov or by directing a request to CBRE Acquisition Holdings, Inc., 2100 McKinney Avenue, Suite 1250, Dallas, TX 75201.
Participants in the Solicitation
CBAH, Altus Power and certain of their respective directors and officers may be deemed participants in the solicitation of proxies of CBAH’s stockholders with respect to the approval of the business combination. CBAH and Altus Power urge investors, stockholders and other interested persons to read the Registration Statement and the definitive proxy statement/prospectus, and exhibits thereto, as well as other documents filed with the SEC in connection with the business combination, as these materials contain important information about Altus Power, CBAH and the business combination. Information regarding CBAH’s directors and officers and a description of their interests in CBAH is contained in the Registration Statement and the definitive proxy statement/prospectus.
Forward Looking Statements
This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “anticipate”, “believe”, “could”, “continue”, “expect”, “estimate”, “may”, “plan”, “outlook”, “future” and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These statements, which involve risks and uncertainties, relate to analyses and other information that are based on forecasts of future results and estimates of amounts not yet determinable and may also relate to CBAH’s and Altus Power’s future prospects, developments and business strategies. In particular, such forward-looking statements include statements concerning the timing of the business combination, the business plans, objectives, expectations and intentions of CBAH once the business combination and the other transactions contemplated thereby (the “Transactions”) and change of name are complete (“New Altus”), and New Altus’s estimated and future results of operations, business strategies, competitive position, industry environment and potential growth opportunities. These statements are based on CBAH’s or Altus Power’s management’s current expectations and beliefs, as well as a number of assumptions concerning future events.
Such forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside CBAH’s or Altus Power’s control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. These risks, uncertainties, assumptions and other important factors include, but are not limited to: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of the Business Combination Agreement; (2) the inability to complete the Transactions due to the failure to obtain approval of the stockholders of CBAH or Altus Power or other conditions to closing in the Business Combination Agreement; (3) the ability of New Altus to meet NYSE’s listing standards (or the standards of any other securities exchange on which securities of the public entity are listed) following the business combination; (4) the inability to complete the private placement of common stock of CBAH to certain institutional accredited investors; (5) the risk that the announcement and consummation of the Transactions disrupts Altus Power’s current plans and operations; (6) the ability to recognize the anticipated benefits of the Transactions, which may be affected by, among other things, competition, the ability of New Altus to grow and manage growth profitably, maintain relationships with customers, business partners, suppliers and agents and retain its management and key employees; (7) costs related to the Transactions; (8) changes in applicable laws or regulations and delays in obtaining, adverse conditions contained in, or the inability to obtain necessary regulatory approvals required to complete the Transactions; (9) the possibility that Altus Power and New Altus may be adversely affected by other economic, business, regulatory and/or competitive factors; (10) the impact of COVID-19 on Altus Power’s and New Altus’s business and/or the ability of the parties to complete the Transactions; (11) the outcome of any legal proceedings that may be instituted against CBAH, Altus Power, New Altus or any of their respective directors or officers, following the announcement of the Transactions; and (12) the failure to realize anticipated pro forma results and underlying assumptions, including with respect to estimated stockholder redemptions and purchase price and other adjustments.
Additional factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements can be found in CBAH’s most recent annual report on Form 10-K, subsequently filed quarterly reports on Form 10-Q and current reports on Form 8-K, which are available, free of charge, at the SEC’s website at www.sec.gov, and are provided in the Registration Statement and CBAH’s definitive proxy statement/prospectus. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect us. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made, and CBAH and Altus Power undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, changes in expectations, future events or otherwise.
This communication is not intended to be all-inclusive or to contain all the information that a person may desire in considering an investment in CBAH and is not intended to form the basis of an investment decision in CBAH. All subsequent written and oral forward-looking statements concerning CBAH and Altus Power, the Transactions or other matters and attributable to CBAH and Altus Power or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements above.
About CBRE Acquisition Holdings, Inc.
CBRE Acquisition Holdings, Inc. (“CBAH”) is a blank-check company formed solely for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. CBAH is sponsored by CBRE Acquisition Sponsor, LLC, which is a subsidiary of CBRE Group, Inc.
About Altus Power
Altus Power, based in Stamford, Connecticut, is creating a clean electrification ecosystem, serving its commercial, public sector and community solar customers with locally-sited solar generation, energy storage, and EV-charging stations across the U.S. Since its founding in 2009, Altus Power has developed or acquired over 350 megawatts from Vermont to Hawaii. Visit altuspower.com to learn more.
CBRE Acquisition Holdings Contacts
Cash Smith
CBRE Acquisition Holdings, Inc.
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Steven Iaco
CBRE Corporate Communications
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Altus Power Contacts
For Media:
Cory Ziskind
ICR, Inc.
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For Investors:
Caldwell Bailey
ICR, Inc.
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MIAMI--(BUSINESS WIRE)--Ultra1Plus is pleased to announce that it has joined the Petroleum Quality Institute of America’s (PQIA) growing list of lubricant manufacturers, marketers, additive suppliers, and other supporters working to help ensure the quality and integrity of motor oils, transmission fluids and other lubricants in the market.
Headquartered in Miami, Ultra1Plus is a family-owned business that has been producing premium oils and specialty fluids for all industries for nearly half a century. The company’s state-of-the-art manufacturing facility in Houston, Texas is in the largest petrochemical manufacturing complex in the Americas and near one of the busiest ports in the world in Houston.
“We strive to set the highest standards of quality and welcome the opportunity to support PQIA’s efforts. The organization is having a positive impact on the quality of lubricants in the market and has done a remarkable job in raising industry awareness by educating both buyers and sellers on the importance of lubricant quality,” stated Carmine Colarusso, CEO of Ultra1Plus.
“We are excited to welcome Ultra1Plus as our newest supporter,” said Thomas Glenn, president of the Petroleum Quality Institute of America. “Our vital work depends on the support of lubricant blenders, marketers, additive manufacturers, and others committed to producing quality products. Ultra1Plus has demonstrated this and has agreed, as all our supporters, in the signing of our PQIA’s Supporter Code of Ethical Business Conduct.”
To date, PQIA has identified close to 30 different brands of packaged motor oils and AFTs on retail shelves that can cause damage to car engines or transmissions and has identified dozens more that have failed a claimed specification and/or have failed to comply with labeling regulations.
About Ultra1Plus
Ultra1Plus is a brand created by Ultrachem LLC, a family-owned business with corporate offices in Miami, Florida that has been producing premium oils and specialty fluids for all industries at very competitive prices for almost half a century. The company’s state-of-the-art manufacturing facility in Houston, Texas is in the largest petrochemical manufacturing complex in the Americas, and near one of the busiest ports in the world in Houston. The company also has an additional global distribution center in Miami. In 2017, Ultra1Plus™ was created and is distinguished by its clear PET bottles allowing consumers to see the product and “feel” the performance without compromising the company’s mission of offering everyday low prices. For more information visit www.ultra1plus.com.
About Petroleum Quality Institute of America (PQIA)
PQIA’s mission is to serve consumers of lubricants by testing and reporting on the quality and integrity of these products in the marketplace. It is expected that this improved visibility of quality will lead to wider conformance by lubricant manufacturers to specification and performance claims. For more information on PQIA visit www.pqia.org.
Melisa Chantres
EvClay Public Relations
305-261-6222
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LONDON--(BUSINESS WIRE)--Checkit’s intelligent operations platform will be rolled out to 441 bp forecourts in Australia and New Zealand following a new agreement with the multinational energy company.
Checkit has agreed a four-year partnership with bp Australia Pty Limited and bp Oil New Zealand Limited, following the successful completion of a pilot programme.
Checkit’s platform replaces paper-based processes with digital assistants in the form of a mobile app which prompts, guides and captures the activity of store assistants, and provides managers with real-time oversight. The platform also encompasses automated monitoring via fridge-mounted sensors and handheld temperature probes to enhance food safety, reduce waste and save time spent on manual checking routines.
The Checkit platform has already been effectively deployed at more than 320 bp-owned forecourts in the UK for more than 18 months. The rollout in Australia and New Zealand is the latest phase of Checkit’s expanding international partnership with bp.
Hannah Barnes, Vice President of Operational Excellence for Europe and Southern Africa at bp, said: “The Checkit platform has already delivered significant value across our UK retail operations by eradicating paperwork, saving staff time, reducing waste and providing data that enables us to optimise the availability of food at our Wild Bean Cafes. All of this contributes to better experiences for both our customers and our frontline teams. Checkit has been central to our intelligent store operations programme and its introduction to Australia and New Zealand is a natural evolution of that.”
Kit Kyte, CEO of Checkit, said: “The introduction of our platform into bp sites across Australia and New Zealand is a further affirmation of the importance of this technology in enabling intelligent operations across deskless workforces. The value can be seen in greater efficiency, improved staff engagement and retention, stock optimisation, production scheduling, waste reduction and many other measurable parameters. We have worked closely with bp to make this happen and look forward to continuing this valuable partnership.”
About Checkit
Checkit is the intelligent operations platform for deskless workforces, enabling operational agility and intelligent decision-making in large multinational and complex national organisations. The solution offers optional plugins for sensor networks and smart building management.
The Checkit Connect platform prompts, guides, captures and analyses frontline activities through digital workflows. Real-time data is captured from multiple workplaces. The platform empowers leaders to comprehend and continually improve processes, enhancing innovation, productivity, efficiency, energy usage, waste reduction, customer experience, safety and compliance.
Checkit provides intelligent operations tools to the retail, franchise, healthcare, life sciences, facilities management, catering, manufacturing, hospitality and commercial property sectors.
Checkit has customers including the NHS, bp, Waitrose, Sodexo and Center Parcs. The Checkit platform generates around 11bn data points per year from sensors and digital workflows.
Checkit is headquartered in Cambridge, UK, with its operations centre in Fleet, UK, and US office in Florida. The company has over 170 employees.
Nick Henderson
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ROSEMONT, Ill.--(BUSINESS WIRE)--Boss Industries (“Boss”), a portfolio company of Wynnchurch Capital, L.P. (“Wynnchurch”), announced the acquisition of the Commercial Assets of HIPPO Multipower (“HIPPO” or the “Company”). HIPPO manufactures and distributes one-of-a-kind mobile multipower solutions for utility, municipal, railroad, and industrial coating end markets.
Todd Hudson, President of Boss, said, “We are very excited to partner with the HIPPO team to add several market-leading mobile power solutions to our ever-expanding product portfolio. This strategic acquisition will allow us to continue providing best-in-class solutions to our customers in addition to expanding the services offered to HIPPO’s existing customer base.”
Mike MacKay, Vice President at Wynnchurch, added, "HIPPO represents an opportunity for Boss to continue to expand its market leading product portfolio and end market coverage. This acquisition demonstrates our commitment to continue to invest behind proven management teams in highly accretive opportunities.”
About HIPPO Multipower:
HIPPO Multipower, headquartered in Kansas City, Missouri, was founded in 1972 as a truck equipment upfitter, specializing in aerial bucket trucks. After developing a reputation as a mobile hydraulic equipment specialist, HIPPO built the industry’s first multipower unit in 1980, delivering hydraulic, air and electric power all from one unit, powered by the truck’s PTO. For more information, please visit: https://hippomultipower.com.
About Boss Industries:
Boss Industries, headquartered in La Porte, Indiana, is a leader in PTO driven rotary screw compressors, engine driven rotary screw compressors, hydraulically driven rotary screw compressors, Gas Compression and Vapor Recovery compression, along with a wide selection of rotary screw air ends for OEM applications. Boss compressors are ideal for the utility truck and service truck industry. For more information, please visit: https://bossair.com.
About Wynnchurch Capital:
Wynnchurch Capital, L.P., headquartered in the Chicago suburb of Rosemont, Illinois, with offices in California, New York, and an affiliate in Canada, was founded in 1999, and is a leading middle-market private equity investment firm. Wynnchurch’s strategy is to partner with middle market companies in the United States and Canada that possess the potential for substantial growth and profit improvement. Wynnchurch Capital manages a number of private equity funds with $4.2 billion of committed capital under management and specializes in recapitalizations, growth capital, management buyouts, corporate carve-outs and restructurings. For more information, please visit: https://www.wynnchurch.com.
Chris O’Brien
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Paul Ciolino
Partner
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Steve Welborn
Managing Director
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Mike MacKay
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Kane and Kavner bring extensive public company, corporate governance and financial expertise to advance Heliogen’s mission of replacing fossil fuel with concentrated sunlight
PASADENA, Calif.--(BUSINESS WIRE)--#ArtificialIntelligence--Heliogen, Inc. (“Heliogen” or the “Company”), a leading provider of AI-enabled concentrated solar power, today announced that Julie Kane and Robert Kavner have been nominated to join Heliogen's Board of Directors upon closing of the Company’s business combination with Athena Technology Acquisition Corp. (NYSE: ATHN).
“Building out an experienced, talented, and diverse Board of Directors for Heliogen is a primary goal of ours as we move to complete our business combination,” said Bill Gross, Founder and Chief Executive Officer of Heliogen. “Both Julie and Robert further this aim and bring to the proposed Board a wide range of public company knowledge and experiences across industries and financial and technical disciplines. Their additions signal the deep commitment I and the rest of the Heliogen executive team have to good corporate governance and accountability. I am excited to have them on the team as we continue to execute our strategy and scale our technology to decarbonize the energy and industrial sectors.”
Ms. Kane has served as a director of SIGA Technologies, Inc. (“SIGA”) since May 2019. She currently chairs SIGA’s Compensation Committee and formerly chaired SIGA’s Nominations and Corporate Governance Committee. She is currently an independent consultant in the aviation industry. Ms. Kane is the former Senior Vice President, Chief Ethics and Compliance Officer, and Deputy General Counsel of PG&E Corporation (2015-2020). Prior to joining PG&E Corporation in 2015, Ms. Kane worked at Avon Products, Incorporated as Vice President and General Counsel of Avon North America and Corporate Legal Functions. Prior to joining Avon in 2013, Ms. Kane held a number of senior roles with Novartis Corporation and its affiliates over a 25-year period. Ms. Kane is a member of the Board of Directors of the Ethics Resource Center in Washington, D.C., and formerly served on the Board of Governors of the Commonwealth Club of California.
Ms. Kane holds an undergraduate degree in political science from Williams College and a law degree from the University of San Francisco School of Law. Ms. Kane is a member of the California state bar. Ms. Kane’s decades of experience spanning several industries, including pharmaceuticals, chemicals and agribusiness, beauty, direct-selling and dual-fuel utilities, along with her experience in environmental, social and governance matters, provides our Board with valuable insight into many aspects of our business.
Since 1995, Mr. Kavner has been an independent venture capital investor focusing on investments in technology companies. From January 1996 through December 1998, Mr. Kavner served as president and chief executive officer of On Command Corporation, a provider of on-demand video systems for the hospitality industry. From 1984 to 1995, Mr. Kavner held several senior management positions at AT&T, including senior vice president, chief financial officer and chief executive officer of Multimedia Products and Services Group and chairman of AT&T Venture Capital Group. Mr. Kavner also served as a member of AT&T’s executive committee. Prior to joining AT&T, Mr. Kavner was a partner of PricewaterhouseCoopers.
Mr. Kavner currently serves on the boards of directors of a number of privately-held companies, including several early-stage companies. He has previously served on the board of directors of a number of public companies, including serving as chairman of Earthlink Networks, CitySearch, Overture, and Pandora Media, and as a member of the boards of Sun Microsystems, Philips Telecommunications, Fleet Bank of Boston, Tandem Computers, and Duracell International. Mr. Kavner received a B.B.A. from Adelphi University and attended the Advanced Management Program at the Amos Tuck School at Dartmouth College.
About Heliogen
Heliogen is a renewable energy technology company focused on eliminating the need for fossil fuels in heavy industry and powering a sustainable future. The company’s AI-enabled, modular concentrated solar technology aims to cost-effectively deliver near 24/7 carbon-free energy in the form of heat, power, or green hydrogen fuel at scale – for the first time in history. Heliogen was created at Idealab, the leading technology incubator founded by Bill Gross in 1996. For more information about Heliogen, please visit heliogen.com.
On July 6, 2021, Heliogen entered into a definitive business combination agreement with Athena Technology Acquisition Corp. (NYSE: ATHN). Upon the closing of the business combination, Heliogen will become publicly traded on the New York Stock Exchange under the new ticker symbol "HLGN". Additional information about the transaction can be viewed here: www.heliogen.com/investor-center/.
Additional Information and Where to Find It
In connection with the proposed business combination, Athena Technology Acquisition Corp. (“Athena”) has filed with the Securities and Exchange Commission (“SEC”) a registration statement on Form S-4 containing a preliminary proxy statement and a preliminary prospectus which has not yet become effective. After the registration statement is declared effective, Athena will mail a definitive proxy statement/prospectus relating to the proposed business combination to its stockholders. This press release does not contain all the information that should be considered concerning the proposed business combination and is not intended to form the basis of any investment decision or any other decision in respect of the business combination. Additional information about the proposed business combination and related transactions will be described in Athena’s combined proxy statement/prospectus relating to the proposed business combination and the businesses of Athena and Heliogen, Inc. (“Heliogen”), which Athena has filed with the SEC. The proposed business combination and related transactions will be submitted to stockholders of Athena for their consideration. Athena’s stockholders and other interested persons are advised to read the preliminary proxy statement/prospectus and the amendments thereto and the definitive proxy statement/prospectus, when available, and other documents filed in connection with Athena’s solicitation of proxies for its special meeting of stockholders to be held to approve, among other things, the proposed business combination and related transactions, because these materials will contain important information about Heliogen, Athena and the proposed business combination and related transactions. When available, the definitive proxy statement/prospectus and other relevant materials for the proposed business combination will be mailed to stockholders of Athena as of a record date to be established for voting on the proposed business combination and related transactions. Stockholders may also obtain a copy of the preliminary or definitive proxy statement/prospectus, once available, as well as other documents filed with the SEC by Athena, without charge, at the SEC’s website located at www.sec.gov or by directing a request to Phyllis Newhouse, President and Chief Executive Officer, Athena Technology Acquisition Corp., 125 Townpark Drive, Suite 300, Kennesaw, GA 30144, or by telephone at (970) 924-0446.
Participants in the Solicitation
Athena, Heliogen and their respective directors and executive officers and other persons may be deemed to be participants in the solicitations of proxies from Athena’s stockholders in respect of the proposed business combination and related transactions. Information regarding Athena’s directors and executive officers is available in its Registration Statement on Form S-1 and the prospectus included therein filed with the SEC on March 3, 2021. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests will be contained in the preliminary and definitive proxy statements/prospectus related to the proposed business combination and related transactions when it becomes available, and which can be obtained free of charge from the sources indicated above.
No Offer or Solicitation
This communication shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed transaction. This communication shall also not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Contacts
Heliogen Media Contact:
Leo Traub, Antenna Group
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Heliogen Investor Contact:
Caldwell Bailey, ICR Inc.
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EDEN PRAIRIE, Minn.--(BUSINESS WIRE)--#CHRobinson--C.H. Robinson (Nasdaq: CHRW) today announced that the company will present at the Stephens Annual Investment Conference on Wednesday, December 1, 2021, at 3:00 p.m. Eastern / 2:00 p.m. Central. The Stephens Annual Investment Conference will be held at the Omni Nashville Hotel in Nashville, Tennessee.
The fireside chat discussion will be accessible live on the Investors section of the company’s website at investor.chrobinson.com. A replay of the webcast will be available for three months following the live webcast.
About C.H. Robinson
C.H. Robinson solves logistics problems for companies across the globe and across industries, from the simple to the most complex. With $26 billion in freight under management and 19 million shipments annually, we are one of the world’s largest logistics platforms. Our global suite of services accelerates trade to seamlessly deliver the products and goods that drive the world’s economy. With the combination of our multimodal transportation management system and expertise, we use our information advantage to deliver smarter solutions for our more than 105,000 customers and 73,000 contract carriers. Our technology is built by and for supply chain experts to bring faster, more meaningful improvements to our customers’ businesses. As a responsible global citizen, we are also proud to contribute millions of dollars to support causes that matter to our company, our Foundation and our employees. For more information, visit us at www.chrobinson.com (Nasdaq: CHRW).
Source: C.H. Robinson
CHRW-IR
Chuck Ives, Director of Investor Relations
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DALLAS--(BUSINESS WIRE)--National Write Your Congressman (NWYC), an organization that gives small businesses a voice in government, released its Q3 2021 Quarterly Index which found half of small business owners benefitting from the federal infrastructure bill. NWYC also found just a quarter of small businesses planning to grow their business this year, a decrease of almost 50 percent from last quarter. Eighty-five percent of small business owners are having issues with the supply chain.
“Business owners had great optimism at the beginning of 2021 and into Q2 as local economies were opening back up, but due to many factors including inflation, rising costs, and supply chain issues, the optimism has waned, and fewer business owners are planning to grow,” said Randy Ford, President and COO of National Write Your Congressman.
Businesses benefitting from the infrastructure bill listed improved transportation infrastructure (34 percent), improved seaport infrastructure (23 percent), an update of the country’s electric transmission system (22 percent) and access to high-speed broadband internet in rural areas (19 percent) as the top four aspects of the federal infrastructure bill that would help their business.
Ninety-six percent of business owners said inflation is affecting business costs and pricing for products/services and 84 percent of business owners have seen a disruption in their normal timeline of services, operations or manufacturing due to problems with the supply chain. Out of those who are having issues with the supply chain, 40 percent are not able to fulfill customers’ orders.
“Many small business owners are now seeing the importance of making their voices heard as federal bills that directly affect their bottom line are passed,” said Ford. “We know that each industry is impacted in different ways, and we continue to encourage our members to continue to advocate for their business even in times of uncertainty and limitations in the U.S. economy.”
The State of Small Business
Twenty-seven percent of business owners said their business has remained flat this quarter, while 30 percent of businesses are at pre-pandemic levels and a quarter of businesses are exceeding pre-pandemic levels. Twenty-eight percent of business owners are uncertain about their business’ future and 26 percent plan to cut expenses to keep business afloat, an increase from Q2 2021.
In Q2 2021, business owners’ top concerns were hiring qualified workers (28 percent), followed by taxes (19 percent), COVID-19’s effect on their business (12 percent) and regulations (10 percent).
In Q3 2021, business owners’ top concerns were securing supplies and inventory to keep up with their company’s operations/productions (24 percent), followed by hiring qualified workers (17 percent), taxes (16 percent) and keeping up with the rising costs of their employees’ pay/salary (12 percent).
Congressional Sentiment
Congressional sentiment grew slightly from last quarter. Fifty-nine percent of small business owners said they are confident their U.S. Congressional Members know their opinions on important issues, a percentage point increase from last quarter. Thirty-eight percent believe their own elected U.S. Congressional Members act according to their constituents' input. Thirty-nine percent of small business owners surveyed said they trust the elected U.S. Congressional Members who represent them.
NWYC’s Quarterly Index Score increased with an overall increase in hope, satisfaction, and trust in Congress. Members’ trust, hope, and satisfaction with their local government was highest compared to their satisfaction, hope, and trust in state and national government. More information can be found in the infographic.
NWYC provides members with non-partisan information and research along with the tools they can use to connect with their representatives in Washington and advocate for the policies and actions that will help their small businesses be successful for their families, their employees, and their communities.
To become a member of NWYC, please visit https://nwyc.com/register/plans.
Methodology
NWYC collected data using an online survey administered from November 5 to November 15, 2021. A total of 1,109 respondents participated. Respondents represent 47 of the 50 states in the U.S. Fifty-nine percent of business owners surveyed employ 1-9 employees and 38 percent employ 10-99 employees.
About National Write Your Congressman
National Write Your Congressman (NWYC) is an organization that gives small businesses a voice in American government. As the nation’s largest, privately held, nonpartisan membership organization made up of small businesses, NWYC is dedicated to the delivery of constituent opinions to representatives in Washington. For more than 60 years, NWYC has provided small business owners and operators the tools necessary to connect with members of Congress and a platform to let their collective voice be heard. NWYC’s team of experts provides unbiased, nonpartisan information and research on top issues and pending legislation relevant to small business owners today. NWYC presents both sides of the issue so that members can form an educated opinion and let their opinions be heard. To become a member of NWYC, please visit https://nwyc.com/register/plans.
Anthea Danby
214-205-8062
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DUBLIN--(BUSINESS WIRE)--The "Global Hydrogen (Energy) Market Report, 2021 - Market Outlook, Trends, and Key Country Analysis" report has been added to ResearchAndMarkets.com's offering.
The report analyzes the current trend and future potential of hydrogen market at regional (Americas, Europe, and Asia-Pacific) and key countries (the US, Canada, Germany, France, Spain, Japan, Australia, and South Korea) level.
The report analyzes the hydrogen market in terms of production during the period 2014 - 2023 and demand during the period 2030 - 2070. The report provides insight into the major technology trends in the hydrogen industry over the next two to three years, cost factors, value chain, recent market deals, milestones, policies and initiatives, top company profiles, and key projects.
The report is built using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis by the publisher's team of industry experts.
Scope
Key Topics Covered:
1. Executive Summary
2. Introduction
2.1 Hydrogen, Overview
2.2 Hydrogen, Colours of Hydrogen
2.3 Hydrogen, Production
3. Hydrogen, Market by End-Users
3.1 Refining
3.2 Chemicals
3.3 Steel
3.4 Power Generation
3.5 Transportation
3.6 Buildings (Heating)
4. Hydrogen, Market Size and Growth
4.1 Hydrogen Production
4.2 Hydrogen Demand
4.3 Hydrogen Cost
4.4 Electrolyzer Capacity
5. Hydrogen, Trends
5.1 Technology Trends
5.2 Macroeconomic Trends
5.3 Regulatory trends
6. Hydrogen, Value Chain
6.1 Energy Input
6.2 Production
6.3 Transport
6.4 Storage
6.5 End-User
7. Hydrogen and Renewables
7.1 Future Trends
7.2 Shift towards Green Hydrogen
7.3 Role of Hydrogen for Decarbonization
7.4 Competitiveness
8. Hydrogen, Americas
8.1 Overview
8.2 Hydrogen Strategy, US
8.3 Hydrogen Strategy, Canada
8.4 Policy Landscape, Americas
9. Hydrogen, Europe
9.1 Overview
9.2 Hydrogen Strategy, Germany
9.3 Hydrogen Strategy, France
9.4 Hydrogen Strategy, Spain
9.5 Policy Landscape, Europe
10. Hydrogen, Asia Pacific
10.1 Overview
10.2 Hydrogen Strategy, Japan
10.3 Hydrogen Strategy, Australia
10.4 Hydrogen Strategy, South Korea
10.5 Policy Landscape, Asia Pacific
11. Hydrogen, Projects, Deals, and Milestones
11.1 Hydrogen, Projects
11.2 Hydrogen, Deals
11.3 Hydrogen, Milestones
12. Hydrogen, Major Companies
12.1 Hydrogen, Major Participants in the Hydrogen Value Chain
12.2 Hydrogen, Leading Companies
12.3 Hydrogen, Company Profiles
13. Appendix
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/l8jw61
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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Department of Defense pilot program is part of a future contract opportunity to leverage the hybrid conversion technology for tens of thousands of vehicles in a variety of U.S. military applications
BOSTON--(BUSINESS WIRE)--XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a leader in vehicle electrification solutions for commercial and municipal fleets, today announced it was awarded a contract by the Defense Innovation Unit (DIU) and The U.S. Army’s Project Manager Transportation Systems (PM TS) to prototype a fuel-saving technology for military vehicles. After earning the opportunity through a highly competitive bidding process, XL Fleet is one of two companies awarded a contract to develop a pilot technology project over the course of the next year. This technology has the potential to be applied to tens of thousands of existing vehicles across a wide range of military applications. The pilot program began on October 1, 2021, and will run for 13 months.
The Department of Defense (DoD) announced the pilot program contract award on November 22, 2021, accessible here: https://www.diu.mil/latest/department-of-defense-to-prototype-commercial-hybrid-conversion-kits-for.
XL Fleet’s contract is a part of the DoD’s ongoing efforts to address some of the key fuel-saving efforts for its fleet of more than a quarter million military tactical vehicles. As these vehicles spend more than half of their operational time idling, they currently require significant amounts of fuel to run onboard electric power systems and to maintain cabin climate control. This reduces vehicles’ range, creates significant costs, and drastically increases thermal and acoustic signatures of the vehicles, putting them at greater risk of detection in the field. Additionally, by enhancing fuel efficiency and limiting the amount of fuel consumed by its vehicles, the U.S. military can significantly reduce the logistical and transportation requirements of its fuel supply chain – a key source of logistical complexity and safety risk to personnel.
As part of the DoD pilot program, XL Fleet is currently developing a retrofit idle reduction technology for use in the Family of Medium Tactical Vehicles (FMTV), the U.S. Army's standard two-and-a-half to 10-ton trucks. The hybrid conversion kits would be delivered to the DoD for installation by Soldiers on vehicles in the military fleet. The Program Executive Office for Combat Support & Combat Service Support (PEO CS&CSS), which includes PM TS, has expressed that this program may be a step toward further hybridization and electrification efforts, as the U.S. military moves toward sustainable energy solutions to extend the operational range of its tactical vehicle fleet, among other benefits.
“We are honored by the opportunity to compete for this highly selective U.S. Government contract to develop fuel-saving solutions for a wide range of applications for tactical military vehicles,” said Tod Hynes, Founder and President of XL Fleet. “XL Fleet’s proven technology, flexible platform and deep experience in applying sustainable technologies to fleet vehicles make us an ideal fit for the U.S. military’s specialized needs for this project. We can help extend the operational range of their tactical vehicles, while supporting our troops’ safety and providing significant fuel and operating cost savings and reducing greenhouse gas emissions.”
About XL Fleet Corp.
XL Fleet is a leading provider of vehicle electrification solutions for commercial and municipal fleets in North America, with more than 170 million miles driven by customers such as The Coca-Cola Company, Verizon, Yale University and the City of Boston. XL Fleet’s hybrid and plug-in hybrid electric drive systems can increase fuel economy up to 25-50 percent and reduce carbon dioxide emissions up to 20-33 percent, decreasing operating costs and meeting sustainability goals while enhancing fleet operations. For additional information, please visit www.xlfleet.com.
U.S. Department of Defense Disclaimer
This is an effort sponsored by the U.S. Government under Other Transaction number HQ0845-21-9-0033 between XL Fleet and the Government. The U.S. Government is authorized to reproduce and distribute reprints for Governmental purposes notwithstanding any copyright notation thereon. The views and conclusions contained herein are those of the authors and should not be interpreted as necessarily representing the official policies or endorsements, either expressed or implied, of the U.S. Government.
Forward Looking Statements
Certain statements in this press release may constitute “forward-looking statements” within the meaning of the federal securities laws. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of management and are not predictions of actual performance. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements, including but not limited to; the effects of pending and future legislation; the highly competitive nature of the Company’s business and the commercial vehicle electrification market; litigation, complaints, product liability claims and/or adverse publicity; cost increases or shortages in the components or chassis necessary to support the Company’s products and services; the introduction of new technologies; the impact of the COVID-19 pandemic on the Company’s business, results of operations, financial condition, regulatory compliance and customer experience; the potential loss of certain significant customers; privacy and data protection laws, privacy or data breaches, or the loss of data; general economic, financial, legal, political and business conditions and changes in domestic and foreign markets; the inability to convert its sales opportunity pipeline into binding orders; risks related to the rollout of the Company’s business and the timing of expected business milestones, including the ongoing global microchip shortage and limited availability of chassis from vehicle OEMs and our reliance on our suppliers; the effects of competition on the Company’s future business; the availability of capital; changes in the preliminary financial results for the quarter ended September 30, 2021 upon completion of the Company’s financial closing procedures or upon review and completion of procedures by the Company’s independent registered public accounting firm, and the other risks discussed under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K filed on March 31, 2021, as amended and supplemented by the 10-K/A filed May 17, 2021, and other documents that the Company files with the SEC in the future. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. These forward-looking statements speak only as of the date hereof and the Company specifically disclaims any obligation to update these forward-looking statements.
XL Fleet Media Contact:
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HOUSTON & LONDON--(BUSINESS WIRE)--Baker Hughes (NYSE: BKR) will hold a webcast on Thursday, January 20, 2022 to discuss the results for the fourth quarter and full year ending December 31, 2021. The webcast is scheduled to begin at 8:30 a.m. Eastern Time (7:30 a.m. Central Time). A press release announcing the results will be issued at 7:00 a.m. Eastern Time (6:00 a.m. Central Time).
To access the webcast, listeners should visit the Baker Hughes website at: investors.bakerhughes.com. An archived version will be available on the website following the webcast.
About Baker Hughes:
Baker Hughes (NYSE: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and with operations in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.
Investor Relations
Jud Bailey
+1 281-809-9088
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Media Relations
Thomas Millas
+1 713-879-2862
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The collaboration combines White Lion Holdings CEO Cornel van der Watt’s 29 years of global experience that he is now investing in his home market with Fluence’s horticulture expertise to serve the potential $1.7 billion developing South African cannabis industry
ROTTERDAM, Netherlands--(BUSINESS WIRE)--Fluence by OSRAM (Fluence), a leading global provider of energy-efficient LED lighting solutions for commercial cannabis and food production, announced today it has partnered with White Lion Holdings, the leading consultant providing complete solutions for new and aspiring cannabis growers in South Africa.
Fluence’s South African partners include local distributor The Lamphouse, the largest supplier of specialized lamps in Africa with more than 40 years of experience in numerous specialty lighting sectors, and White Lion Holdings, a company offering complete cannabis growing solutions and consultancy, led by CEO Cornel van der Watt. Van der Watt has served at the forefront of developing cannabis markets in the U.S., Canada, the Netherlands and Lesotho, and has consulted extensively in Australia.
“Local partnerships are a key factor in delivering fast and reliable solutions to growers. Our stellar partners know the choice of lighting supplier is crucial to delivering consistent, high-quality yields premium clients in the northern hemisphere require,” said Timo Bongartz, Fluence’s general manager for Europe, the Middle East and Africa (EMEA). “Van der Watt chose to partner with Fluence and our local partner The Lamphouse based on his experience with Fluence’s superior LED products and valuable support in various jurisdictions where he has historically consulted cannabis growers.”
According to Prohibition Partners’ African Cannabis Report™, by 2023, Africa’s legal cannabis industry could be worth more than $7.1 billion annually, with South Africa alone contributing an estimated $1.7 billion per year. The South African government’s recognition of the industry as a key to economic revival mirrors Prohibition Partners’ assessment—the cannabis industry represents the potential to create between 10,000 -25,000 job opportunities in a country with the highest unemployment rate in the world.
“The African cannabis market holds incredible potential and we know we’ve found the right partner in White Lion Holdings. We’re proud to collaborate with such a trusted brand and to support the growers who are revolutionizing the South African cannabis market,” Bongartz continues.
As the cannabis industry continues to gain traction throughout the country and continent, White Lion Holdings suggests growers will not only need innovative technology at their fingertips, but evidence-backed cultivation practices that yield high-quality crops, improved yields and consistent growth patterns.
“We’re thrilled to partner with Fluence and its local partner The Lamphouse,” said Van der Watt, who is currently consulting and managing four commercial operations throughout South Africa with other operations in the pipeline. “The cannabis plant is highly photosensitive. We prefer natural lighting and South Africa has an advantage in this regard with ample, good quality natural light. By choosing the location of the greenhouse well, one can get up to 11 hours of natural light for free. Then, we integrate supplemental lighting into the facility to optimize crop yield.”
The South African market is still in its infancy. Through its partnership with White Lion Holdings, Fluence lighting solutions have been implemented at pre-licensed and licensed cannabis greenhouse and indoor facilities throughout the country.
“I am testing various lighting solutions all the time, but those tests only reaffirm my partnership with Fluence and its local partner The Lamphouse given each company’s superior quality and valuable support. Thanks to consistent lighting, I have been able to surpass production targets. That is only possible with superior lighting,” Van der Watt added.
To achieve longevity in an industry that can quickly become crowded with new technologies and cultivation solutions, investors and growers must ensure they partner with experts in their respective fields who are purpose-built to support cultivators for the long-term.
“The Fluence system all but eliminates lighting as a variable and delivers a high return on investment. Optimizing the correct lighting strategy for the correct application and layout is one of the critical components to successful crop,” said Glenn Morris, CEO of The Lamphouse.
For more information on Fluence, visit www.fluence.science.
About Fluence by OSRAM
Fluence Bioengineering, Inc., a wholly-owned subsidiary of OSRAM, creates powerful and energy-efficient LED lighting solutions for commercial crop production and research applications. Fluence is a leading LED lighting supplier in the global cannabis market and is committed to enabling more efficient crop production with the world’s top vertical farms and greenhouse produce growers. Fluence global headquarters are based in Austin, Texas, with its EMEA headquarters in Rotterdam, Netherlands. For more information about Fluence, visit www.fluence.science.
About Cornel van der Watt and White Lion Holdings
With over 29 years of international, large scale cannabis cultivation experience under his belt, the White Lion Cornel van der Watt is in a class of his own. His knowledge of all aspects of the cannabis industry and his connections in the global cannabis community are unparalleled. He has also been at the forefront of the cannabis movement in South Africa since inception.
Every path he has walked in his professional and personal life has led him back to the cannabis industry. This path traces back to his qualification in chemical engineering, experience in scientific glassblowing, expertise in cultivation abroad and locally, studies in tissue cultivation, cloning and genetics, his community upliftment work as well as training and consulting.
While Cornel has become a scientist, a geneticist, a businessman and Cannabis Supremo, at the heart of his consultancy lies a deep and spiritual connection with the cannabis plant. For more information about White Lion Holding, visit https://www.whitelionholdings.co.za.
About The Lamphouse
Established in 1976, The Lamphouse is the largest supplier and distributor of specialized lamps in Southern Africa. Over the past 40 years, The Lamphouse has developed strategic relationships with suppliers and customers alike, providing lighting applications for horticulture, medical solutions, stage and studio, airfield, navigation and more. The company is headquartered in Johannesburg, South Africa, with additional offices in Cape Town and Durban. For more information about The Lamphouse, visit https://www.thelamphouse.co.za.
For EMEA,
Silvia Nagyova
+49 (89) 6213-3939
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For North America,
Emma Chase
512-917-4319
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Strategic deal expands geographic reach and services offered by both companies
WEATHERFORD, TEXAS--(BUSINESS WIRE)--TruHorizon Environmental Solutions (TruHorizon) today announced that it acquired the assets of Phase Engineering, Inc. (Phase), a leading environmental engineering and consulting firm serving clients throughout the United States.
“This transaction represents an excellent strategic opportunity for TruHorizon as we continue to expand our environmental consulting business. Over the past 28 years, Phase has developed a reputation as one of the highest-quality environmental consulting firms in the country and we are pleased to welcome the team to TruHorizon. We plan to expand both the geographic reach and services offered by Phase during the coming months,” said Michael W. Harlan, Chief Executive Officer of TruHorizon.
Founded in 1993 by James Dismukes and co-owned with Melanie Edmundson since 1996, Phase with its dedicated, in-house staff of professionals, has provided over 20,000 environmental and property condition assessments to commercial lenders, real estate developers, property owners, companies, and other organizations involved in the purchase or sale of real estate, buildings, and other properties.
James Dismukes, founder and President of Phase said, “After almost three decades, I felt now was the time to transition ownership of Phase. I know that TruHorizon shares our vision to provide the highest quality product in the environmental industry, combined with outstanding customer service to our clients. I look forward to helping TruHorizon continue to grow the Phase business.”
About TruHorizon Environmental Solutions
Founded in 2011, TruHorizon’s mission is to protect the health, welfare, and surroundings of the communities it serves. TruHorizon is a full-service environmental solutions company headquartered in the Dallas/Fort Worth Metroplex, with operations strategically located in Pennsylvania, Colorado, and Texas. TruHorizon supports the North American construction, industrial, and energy markets with turnkey solutions for noise and vibration control, air quality monitoring, stormwater management and inspections, and compliance management. For more information, visit TruHorizon Environmental Solutions at www.TruHorizon.com.
Krystal Patout
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713-627-2223
HOUSTON--(BUSINESS WIRE)--Halliburton Company (NYSE: HAL) today announced it has been named to the Dow Jones Sustainability Index (DJSI) North America, which highlights the top 10% most sustainable companies per industry. The DJSI measures the performance of best-in-class companies selected using environmental, social and governance (ESG) criteria.
“At Halliburton, we embed sustainability into everything we do, and we’re honored the DJSI recognized our ESG leadership and commitment,” said Summer Condarco, vice president of HSE, Service Quality and Continuous Improvement at Halliburton. “Built on a foundation of ethics and integrity, the Halliburton Guiding Principles for Sustainability are the framework for our operations and our future.”
Halliburton ranked in the 90th percentile among its peers in the Dow Jones Corporate Sustainability Assessment and scored highly in code of business conduct, policy influence, risk & crisis management, corporate citizenship & philanthropy, and human capital development categories.
"We congratulate Halliburton for being included in the Dow Jones Sustainability Index North America for Energy Equipment & Services. A DJSI distinction is a reflection of being a sustainability leader in your industry. The record number of companies participating in the 2021 S&P Global Corporate Sustainability Assessment is testament to the growing movement for ESG disclosure and transparency," said Manjit Jus, global head of ESG Research, S&P Global.
For more information on the Dow Jones Sustainability Index and methodology, please visit the S&P Global website.
About Halliburton
Founded in 1919, Halliburton is one of the world's largest providers of products and services to the energy industry. With approximately 40,000 employees, representing 130 nationalities in more than 70 countries, the company helps its customers maximize value throughout the lifecycle of the reservoir – from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the asset. Visit the company’s website at www.halliburton.com. Connect with Halliburton on Facebook, Twitter, LinkedIn, Instagram and YouTube.
For Investors:
David Coleman
Investor Relations
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281-871-2688
For News Media:
Emily Mir
External Affairs
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281-871-2601
Facility to supply affordable, clean energy to Guzman Energy customers
DALLAS--(BUSINESS WIRE)--Leeward Renewable Energy, LLC (Leeward) today announced that it has closed construction financing and secured tax equity commitments for its Panorama Wind Farm located in Weld County, Colorado. MUFG Bank, Ltd. served as coordinating lead arranger, bookrunner and administrative agent for the approximately $190 million financing. The financing is comprised of a construction loan, tax equity bridge loan and back leverage term loan commitment. National Australia Bank, Silicon Valley Bank and Helaba Group served as part of the lending group and Goldman Sachs provided a $135 million tax equity commitment.
The greenfield Panorama project is the third wind farm Leeward has developed in Weld County, in addition to its Cedar Creek and Mountain Breeze projects. Vestas-American Wind Technology supplied the 66 wind turbine generators that will have the capacity to generate 145 megawatts (MW) of clean energy. Under a previously announced power purchase arrangement with Guzman Energy, the project will generate affordable electricity for approximately 53,000 homes in Colorado, New Mexico and Wyoming.
“We are pleased to have closed financing for the Panorama project with a number of new financial relationships led by MUFG Bank,” commented Chris Loehr, Leeward Chief Financial Officer. “With their support, we are well-positioned to complete the construction of Panorama with the latest and most efficient technologies, bringing our total generation capacity in Weld County to 617 MW and helping Colorado meet its goal of 100 percent green energy generation by 2040.”
Beth Waters, Managing Director of Project Finance at MUFG, commented: “Toward our commitment to renewable energy financing, we welcome the opportunity to support Leeward’s efforts and advance the transition to sustainable energy sources.”
Vivek Kagzi, from the Sustainable Investing Group of Goldman Sachs Asset Management, commented: “Investments from Goldman such as these enable our sponsor clients like Leeward to maximize all the incentive benefits that are available to them to finance wind projects. Goldman looks forward to continuing to support sponsors like Leeward as they build out renewable energy solutions to combat the ongoing effects of climate change.”
Construction of the Panorama Wind Farm has commenced and is expected to be completed in the second quarter of 2022.
About Leeward Renewable Energy
Leeward Renewable Energy, LLC is a leading renewable energy company that owns and operates a portfolio of 21 renewable energy facilities across nine states totaling approximately 2,000 megawatts of generating capacity. Leeward is actively developing new wind, solar, and energy storage projects in energy markets across the U.S., with 17 gigawatts under development spanning over 100 projects. Leeward is a portfolio company of OMERS Infrastructure, an investment arm of OMERS, one of Canada’s largest defined benefit pension plans with C$114 billion in net assets (as at June 30, 2021). For more information, visit www.leewardenergy.com.
Kelly Kimberly
Sard Verbinnen & Co.
713.822.7538
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With ESS, Inc. as a contributing author, report details how LDES will play a crucial role in limiting the rise in global temperatures to 1.5°C
WILSONVILLE, Ore.--(BUSINESS WIRE)--$GWH #cop26--ESS, Inc. (“ESS” or the “Company”) (NYSE:GWH), a U.S. manufacturer of long-duration batteries for utility-scale and commercial energy storage applications, announces the publication of the Long-Duration Energy Storage (LDES) Council’s LDES report, with ESS as a contributing author and founding member. The LDES report documents how the world’s power systems can become carbon net-zero by deploying long-duration energy storage systems to store renewable power such as wind and solar.
The newly formed CEO-led Council, which debuted at COP 26, published the report to detail the application of LDES technologies, the flexibility requirements needed in high-renewables future power grids, and the investment and unlocks required.
“Long-duration energy storage technology is essential for enabling grid decarbonization at scale,” said Eric Dresselhuys, ESS, Inc. CEO. “This report provides insightful, actionable information to help accelerate transformation of the world’s energy systems. ESS is proud to be a founding member of the LDES Council and to be delivering solutions today that will help our clients in achieving their net-zero carbon objectives.”
The report provides beneficial information for governments and grid operators on how LDES technologies can help achieve decarbonization at the lowest overall cost to society. It offers the following conclusions and deployment suggestions:
ESS collaborated with 24 other founding Council members in creating the report. The Council’s findings were based on advanced power systems modeling using more than 10,000 data points supplied by LDES Council technology providers. The findings were developed in collaboration with McKinsey & Company as its knowledge partner, who supported insight development and analysis.
To view the full LDES report, visit ldescouncil.com/publication.
About ESS, Inc.
ESS, Inc. (NYSE:GWH) designs, builds and deploys environmentally sustainable, low-cost, iron flow batteries for long-duration commercial and utility-scale energy storage applications requiring from 4 to 12 hours of flexible energy capacity. The Energy Warehouse™ and Energy Center™ use earth-abundant iron, salt, and water for the electrolyte, resulting in an environmentally benign, long-life energy storage solution for the world’s renewable energy infrastructure. Established in 2011, ESS, Inc. enables project developers, utilities, and commercial and industrial facility owners to make the transition to more flexible non-lithium-ion storage that is better suited for the grid and the environment. For more information, visit www.essinc.com.
About the LDES Council
The LDES Council is a global, CEO-led organization that strives to accelerate decarbonization of the energy system at lowest cost to society by driving innovation, commercialization, and deployment of long-duration energy storage.
The LDES Council provides fact-based guidance and information to governments, industry, and broader society, drawing from the experience of its members, which include leading energy companies, technology providers, investors, and end-users.
Full List of 24 founding members:
Alfa Laval, Ambri, Azelio, Baker Hughes, BP, Breakthrough Energy, CellCube, Ceres Power Holdings PLC, Echogen Power Systems, Energy Dome, Enlighten Innovations Inc., EOS Energy Enterprises, Inc., ESS, Inc., e-Zinc, Form Energy, Inc., Greenko Group, Highview Power, Malta Inc., NEOM, Quidnet Energy, Redflow Limited, Rio Tinto, Siemens Energy, Stiesdal
Forward-Looking Statements
This communication contains certain forward-looking statements, including statements regarding ESS’ and its management team’s expectations, hopes, beliefs, intentions or strategies regarding the future. The words “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intends”, “may”, “might”, “plan”, “possible”, “potential”, “predict”, “project”, “should”, “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements are based on ESS’ current expectations and beliefs concerning future developments and their potential effects on ESS. Many factors could cause actual future events to differ materially from the forward-looking statements in this presentation. There can be no assurance that the future developments affecting ESS will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond ESS’ control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward looking statements. Except as required by law, ESS is not undertaking any obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
For ESS, Inc.:
Investors:
Erik Bylin
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Media:
Gene Hunt
Trevi Communications, Inc.
978-750-0333 x.101
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HOUSTON--(BUSINESS WIRE)--DXP Enterprises, Inc. (NASDAQ: DXPE): DXP Enterprises, Inc. (the “Company”) today announced that it has received a written notice (the “Notice”) on November 16, 2021, from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”), as a result of its failure to file its Quarterly Report on Form 10-Q for the quarter ended September 30, 2021 (the “Form 10-Q”) in a timely manner. The Notice advised the Company that it was not in compliance with Nasdaq’s continued listing requirements under the Nasdaq Listing Rule 5250(c)(1) (the “Rule”) because it has not timely filed the Form 10-Q with the Securities and Exchange Commission (the “SEC”).
As previously reported by the Company in its Form 12b-25 filed with the SEC on November 12, 2021, the Company was unable to file its Form 10-Q within the prescribed time period without unreasonable effort or expense.
Nasdaq has informed the Company that, under Nasdaq rules, the Company has 60 calendar days from receipt of the Notice or until January 15, 2022, to submit a plan to regain compliance with the Rule. If Nasdaq accepts the Company’s plan, then Nasdaq may grant an exception of up to 180 calendar days from the due date of the Form 10-Q to regain compliance. However, there can be no assurance that Nasdaq will accept the Company’s plan to regain compliance or that the Company will be able to regain compliance within any extension period granted by Nasdaq or maintain compliance with the other continued listing requirements set forth in the Nasdaq Listing Rules. If Nasdaq does not accept the Company’s plan, then the Company will have the opportunity to appeal that decision to a Nasdaq hearings panel. The Notice has no immediate effect on the listing or trading of the Company’s securities.
The Company is working diligently to complete its Form 10-Q. The Company intends to file the Form 10-Q with the SEC as soon as possible.
About DXP Enterprises, Inc.
DXP Enterprises, Inc. is a leading products and service distributor that adds value and total cost savings solutions to industrial customers throughout the United States, Canada and Dubai. DXP provides innovative pumping solutions, supply chain services and maintenance, repair, operating and production (“MROP”) services that emphasize and utilize DXP’s vast product knowledge and technical expertise in rotating equipment, bearings, power transmission, metal working, industrial supplies and safety products and services. DXP's breadth of MROP products and service solutions allows DXP to be flexible and customer-driven, creating competitive advantages for our customers. DXP’s business segments include Service Centers, Innovative Pumping Solutions and Supply Chain Services. For more information, go to www.dxpe.com.
The Private Securities Litigation Reform Act of 1995 provides a “safe-harbor” for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made by or to be made by the Company) contains statements that are forward-looking. These forward-looking statements include without limitation those about the Company's expectations regarding the filing of the Form 10-Q. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future; and accordingly, such results may differ from those expressed in any forward-looking statement made by or on behalf of the Company. These risks and uncertainties include, but are not limited to inability of the Company or its independent auditors to complete the work necessary in order to file the Form 10-Q, in the expected time frame; unanticipated changes to the Company's operating results in the Form 10-Q as filed or in relation to prior periods, and unanticipated impact of such changes and its materiality. In some cases, you can identify forward-looking statements by terminology such as, but not limited to, “may,” “will,” “should,” “intend,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “goal,” or “continue” or the negative of such terms or other comparable terminology. For more information, review the Company’s filings with the Securities and Exchange Commission. More information on these risks and other potential factors that could affect the Company’s business and financial results is included in the Company’s filings with the SEC, including in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company’s most recently filed periodic reports on Form 10-K and Form 10-Q and subsequent filings. The Company assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates.
Kent Yee, 713-996-4700
Senior Vice President, CFO
www.dxpe.com
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