DALLAS--(BUSINESS WIRE)--#aerospace--Jaunt Air Mobility LLC ("Jaunt") signed a Letter of Intent with on-demand aviation company, Flapper Tecnologia, S.A. ("Flapper"), to purchase Jaunt Journey electric vertical takeoff and landing (eVTOL) aircraft. After a final agreement is signed, Jaunt will provide Flapper with up to 25 Jaunt Journey aircraft to grow Flapper's on-demand Urban Air Mobility (UAM) fleet in Latin American markets.

Flapper and Jaunt plan to service several vital markets across Latin America, including Mexico City, Santiago de Chile, Bogota, São Paulo, and Rio de Janeiro. By partnering with Jaunt, Flapper will aim to bring a new form of urban travel with safety and operational efficiency as the top priority. Together, the companies expect to help usher in a new era of transportation in Latin America.

Paul Malicki, CEO of Flapper, said: "After a thorough examination of the existing urban air mobility architectures, we found Jaunt’s fixed-wing and slowed rotor design to be one of the most efficient and safest aircraft ever projected. Jaunt Journey’s technology boasts performance similar to fixed-wing design, which is perfect, considering the region’s short runways, rocky shores and high-altitude airports."

"We are pleased to partner with Flapper to introduce a new form of urban travel in Latin American cities," said Simon Briceno, Chief Commercial Officer for Jaunt. "Their reputation and experience in the on-demand charter service are well-known, and they have a real understanding of the growth opportunity of our zero-emission vehicles."

Flapper draws together a fleet of 900+ certified aircraft and prides itself on having the most complete charter offer in the Southern Hemisphere. Clients can choose from more than 80 different types of jets, turbo-props, and helicopters and can get an instant price estimate.

Jaunt Air Mobility designs and manufactures an eVTOL based on proven Slowed Rotor Technology. The Jaunt Journey air taxi is the world's first aircraft combining helicopter and fixed-wing flight capabilities, highlighting low noise, comfort, safety, and operational efficiencies. The company is one of the only eVTOL players aligned with current transport category certification rules.

"The Jaunt Journey has significant design features that allow it to fly in a variety of weather conditions," states Martin Peryea, CEO/CTO. "A single main rotor is the most efficient form of takeoff and landing and has proven capabilities in gusty wind conditions such as coastlines. The aircraft offers a higher level of safety than today's helicopters."

The deployment of Jaunt Journey aircraft into the Flapper network is subject to the parties entering into definitive final agreements.

ABOUT

Jaunt Air Mobility is a transformative aerospace company headquartered in Dallas, Texas. Jaunt is building the best in the next generation of eVTOL (electric Vertical Takeoff and Landing) and hybrid-electric VTOL aircraft for faster travel over urban areas, moving people and packages. Jaunt is the global leader in slow-rotor compound (SRC) technology. The Jaunt Journey is the world's first aircraft combining helicopter and fixed-wing aircraft flight capabilities. Together with Tier 1 aviation partners to develop the Journey, Jaunt intends to work with operators globally to provide this new form of travel. Jaunt offers the safest, quietest, most comfortable, and operationally efficient aircraft with a zero-carbon footprint. For more information, visit www.jauntairmobility.com.

On October 6, 2021, Jaunt entered into a merger agreement with AIRO Group Holdings, Inc. (AIRO Group) and certain of its affiliates pursuant to which AIRO Group will acquire all of Jaunt’s equity and Jaunt will become a wholly-owned subsidiary of AIRO Group. Upon the closing of the merger and certain other acquisitions, AIRO Group will bring together decades of industry-leading technology with its group companies to provide best-in-class products and services uniquely capable of addressing a wide spectrum of aerospace markets. AIRO Group leverages technologies that span data systems, resupply package delivery, military aerospace training, military, and commercial manned/unmanned aircraft systems, and avionics technologies. Together, these companies represent a transformation of the aerospace industry by providing a diversified offering of capabilities positioned to be the first mid-tier, full-spectrum aerospace company offering end-to-end solutions for the industry. The company can be found at https://theairogroup.com/.

Launched in 2016, Flapper is the first on-demand private aviation company in Latin America. The company commercialized scheduled flights in Brazil and boasts more than 900 safety-vetted charter aircraft on its regional marketplace platform. Flapper reports more than 290,000 users of its mobile app and is both ARGUS- and Wyvern-certified. For more information, visit www.flyflapper.com/en.

Jaunt Contact: Nancy Richardson, This email address is being protected from spambots. You need JavaScript enabled to view it., 610-952-2595

Flapper Contact: Felipe Reisch, Communications Specialist, This email address is being protected from spambots. You need JavaScript enabled to view it., +56 9 9231 7622

Top Liner Signs Subscription Agreement for Navis’ StowMan and Vessel Pool

OAKLAND, Calif. & FLENSBURG, Germany--(BUSINESS WIRE)--Navis, the leading provider of maritime software solutions for efficient and compliant cargo loading, stowage planning and vessel performance, announced that Evergreen Marine Corp. (Taiwan) Ltd. has signed a multiyear subscription agreement for Navis’ StowMan Control Center and Distributed Services and Vessel Pool to optimize their stowage operations by leveraging the advantages of using a full suite of Navis Carrier and Vessel Solution products.

Ranking in the top ten ocean liners, Evergreen finds high value in now having the most advanced lashing calculations in the market available inside their stowage planning tool. The Navis solution not only provides highly efficient cargo capacity management, but also the safest possible sailing for the vessel in all situations.

“With the ever increasing complexity in the seaborne trade and the accelerated needs for larger volumes of cargo on ships, it is of utmost importance for us to find a balance between capacity maximization and safe vessel operations in daily and in extraordinary situations,” said Captain Y.S. Hwang, Deputy Senior VP Operation Department at Evergreen Marine Corp. (Taiwan) Ltd. “With the Navis Stowage Planning solution we are able to save time and costs by providing a fully integrated tool for more efficient and flexible operations to our central planner teams and their global collaboration.”

StowMan uses the full scope of the stability and stress calculations, slot definitions and highly advanced lashing calculations of the onboard Navis loading computer, currently making it the most integrated and comprehensive stowage system in the container industry. StowMan Control Center and Distributed Services provides a scalable framework to transform the stand-alone tool, StowMan, into a connected client-server setup, while maintaining full offline planning capabilities. Vessel Pool allows planners to always work with up-to-date ship profiles.

“The challenging situations that we have seen at sea in the past few months require a new approach to marine cargo transportation in order to address the variety of demands that ocean carriers are facing,” said Ajay Bharadwaj, Senior Director Product Management at Navis. “The Navis stowage solution has been set up to help liners focus on dynamic, efficient and profitable operations while providing the safest sailing possible for their vessels.”

To learn more, visit www.navis.com/carrier-vessel-solutions.

About Navis, LP

Navis is a provider of operational technologies and services that unlock greater performance and efficiency for the world’s leading organizations across the cargo supply chain. Navis combines industry best practices with innovative technology and world-class services, to enable our customers, regardless of cargo type, to maximize performance and reduce risk. Through its holistic approach to operational optimization, Navis customers benefit from improved visibility, velocity and measurable business results. Whether tracking cargo through a terminal, improving vessel safety and cargo capacity, optimizing rail network planning and asset utilization, automating equipment operations, or managing multiple terminals through an integrated, centralized solution, Navis helps all customers streamline operations. www.navis.com

Jennifer Grinold
Navis, LP
T+1 510 267 5002
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Anna Patrick
Gregory FCA
T+1 212 398 9680
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• INNIO Jenbacher achieves upgrade from Silver to Gold Medal Rating in less than one year
• EcoVadis recognizes INNIO Jenbacher’s demonstrated performance in sustainable improvement and growth
• EcoVadis Gold Medal validates INNIO Jenbacher’s commitment to transparency and sustainability practices

JENBACH, Austria--(BUSINESS WIRE)--INNIO today announced that its Jenbacher business unit has been recognized by EcoVadis with a Gold Medal as part of its annual sustainability performance rating, placing INNIO Jenbacher in the top 1% of industry peers evaluated by EcoVadis. EcoVadis awarded INNIO Jenbacher the upgrade from a Silver to a Gold Medal rating for its demonstrated improvements and contributions towards sustainable growth in the past year.

Performed annually, EcoVadis’ assessment focuses on 21 issues grouped into four key themes: Environment, Labor & Human Rights, Ethics and Sustainable Procurement. These criteria are based upon international sustainability standards, including the Global Compact Principles, the International Labour Organization conventions and the Global Reporting Initiative standard.

“As a global provider of sustainable energy solutions across the energy value chain, we focus on continuously improving our sustainability practices to ensure we reduce both our emission levels and our carbon footprint,” said Olaf Berlien, president and CEO of INNIO. “We commit to critical voluntary leadership organizations, such as EcoVadis to ensure that our products, services, and operations pass stringent sustainability tests. Being upgraded to a Gold Medal rating in less than a year by EcoVadis validates that our sustainability strategy is working.”

The upgrade to a Gold Medal rating reflects INNIO integrating and elevating sustainability efforts in 2021. INNIO’s accomplishments included the following:

• Formalizing our commitment to Human Rights and Diversity, Equity & Inclusion through company guidelines and trainings.
• Publishing our inaugural Sustainability Report, “Together for A Sustainable Future”.
• Identifying a set of material topics and metrics aligned with those set out by international frameworks, including the GRI, the Sustainability Accounting Standards Board and the Greenhouse Gas Protocol.
• Implementing measures, guidelines, policies and initiatives to strengthen transparency and sustainable growth in INNIO’s supply chain.

The depth and breadth of these advances are reflected in INNIO Jenbacher’s recent accomplishment of International Organization for Standardization (ISO) recertifications that include ISOs 45001, 14001, 9001 and 50001, affirming INNIO’s commitment to continual growth and its demonstration of exceptional and reliable quality, efficiency, sustainability, and occupational health & safety practices.

About INNIO

INNIO is a leading provider of renewable gas and hydrogen-rich solutions and services for power generation and compression at or near the point of use. With our Jenbacher and Waukesha products, INNIO helps to provide communities, industry and the public access to sustainable, reliable and economical power ranging from 200 kW to 10 MW. We also provide life-cycle support and digital solutions to the more than 53,000 delivered gas engines globally, through our service network in more than 100 countries. We deliver innovative technology driven by sustainability, decentralization, and digitalization to help lead the way to a greener future. Headquartered in Jenbach, Austria, the business also has primary operations in Welland, Ontario, Canada, and Waukesha, Wisconsin, U.S. For more information, visit the company's website at www.innio.com. Follow INNIO on Twitter and LinkedIn.

Susanne Reichelt
INNIO
+43 664 80833 2382
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DURHAM, N.C.--(BUSINESS WIRE)--The International Zinc Association (IZA) is pleased to announce Hindustan Zinc Ltd's CEO/Full Time Director, Arun Misra, as the new acting IZA Chair. Mr. Misra was selected as the new Chair by IZA Executive Committee recently, with a final vote planned by IZA’s Board of Directors in October.

Mr. Misra expressed honor at being elected to the position and looked forward to supporting IZA in its work to build sustainable, long-term markets for zinc and helping to ensure license to operate for the industry.

"It is a privilege for me to take on the role of IZA Chair and continue the tradition of excellence of those who came before me. The IZA has an exceptional team of professionals and I look forward to working together to grow global demand for zinc and promoting its essentiality to human health, crop nutrition, sustainable development, and modern life," he said.

IZA's Executive Director, Dr. Andrew Green, noted, "Arun Misra has been a key supporter of IZA’s activities globally and especially in India. His leadership and experience will be a great resource for us, and I look forward to working with him on guiding IZA and the zinc industry through the opportunities and challenges ahead on the global stage. I would also like to thank our previous Chair, Marie Inkster, for her excellent guidance and support this past year."

About Hindustan Zinc Ltd.

Hindustan Zinc, a Vedanta Group Company, is one of the world’s largest and India’s only integrated producer of Zinc-Lead and Silver. The Company has its Headquarter at Udaipur in the State of Rajasthan where it has its Zinc-Lead mines and smelting complexes. Hindustan Zinc is self-sufficient in power with captive thermal power plants and also has ventured into green energy by setting up wind power plants. The Company is ranked 1st in Asia-Pacific and globally 5th in the Dow Jones Sustainability Index in 2021 amongst Mining & Metal companies. Hindustan Zinc is a certified Water Positive Company, a member of the FTSE4Good Index and has scored ‘A’ rating by CDP for climate change.

About IZA

The IZA is a non-profit organization representing the global zinc industry. Its mission is to support and advance zinc products and markets through research, development, technology transfer and communication of the unique attributes that make zinc sustainable and essential for life. For additional information, please visit www.zinc.org.

Rob Putnam
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919-287-1872

ClearTrace’s carbon accounting platform will provide Iron Mountain with the data and roadmap needed to achieve 24/7 load-matched renewable power for its North American Data Center energy consumption

AUSTIN, Texas--(BUSINESS WIRE)--#ESG--ClearTrace, a leading energy and carbon accounting platform, announced that Iron Mountain has selected the company to provide hourly energy and carbon analysis for all of its data centers across the United States.

“We are fully committed to achieving 100% clean energy for our data center customers, every hour of every day," said Chris Pennington, Director Energy and Sustainability at Iron Mountain Data Centers. “After a successful pilot with ClearTrace, we are excited for the insights their technology will provide in support of our commitment to 24/7 carbon free energy. Knowing where we are throughout the journey towards complete decarbonization is critical for accurate reporting and credible results.”

ClearTrace is providing Iron Mountain with advanced digital infrastructure to analyze their data centers’ energy usage and carbon impact on a 24/7 hourly basis, delivering 100% traceable and verifiable energy and carbon records. The data and analysis that ClearTrace provides will enable Iron Mountain to work with its suppliers to procure renewables that match its current hourly shortfalls and then achieve true 100% 24/7 carbon free energy consumption.

Iron Mountain, along with leaders such as Google and Microsoft, is spearheading a new trend of 24/7 load-matched renewables as part of their decarbonization strategy. This 24/7 method, compared to purchasing renewables on an annual match basis, tangibly reduces carbon emissions and, according to a recent study by Princeton Zero Lab, will make the broader transition to 100% carbon free energy more affordable and achievable. Three of Iron Mountain’s campuses have already begun tracking 24/7 carbon free energy performance, becoming the first large colocation data center provider with this capability. Now, with ClearTrace, its additional seven data center campuses can be tracked to the same level of granular hourly performance.

Data center carbon emissions are known for being both critical and difficult to decarbonize. For most large companies, data center carbon emissions are part of their “Scope 3” emissions, the types of emissions they need their vendors to decarbonize on their behalf.

“The world's top businesses need data to be stored in carbon free data centers to achieve their ESG goals,” said Lincoln Payton, CEO at ClearTrace. “We are honored to work with Iron Mountain to lead the path forward for 100% carbon free data centers.”

About ClearTrace
ClearTrace is a leading energy, data, and technology company streaming secure energy data to the world of energy management, ESG reporting, and corporate sustainability. ClearTrace’s digital assets represent the purest form of proof and immutability for the real-world impact of energy generation. ClearTrace allows companies to stand behind their claims of carbon reductions, sustainability, and renewable energy to prevent greenwashing and provide a source of truth for corporate decarbonization. For more information, please visit cleartrace.io or contact This email address is being protected from spambots. You need JavaScript enabled to view it..

About Iron Mountain
Iron Mountain Incorporated (NYSE: IRM) is the global leader in innovative storage and information management services, storing and protecting billions of valued assets, including critical business information, highly sensitive data, and cultural and historical artifacts. Founded in 1951 and trusted by more than 225,000 customers worldwide, Iron Mountain helps customers CLIMB HIGHER™ to transform their businesses. Through a range of services including digital transformation, data centers, secure records storage, information management, IT asset lifecycle management, secure destruction, and art storage and logistics, Iron Mountain helps businesses bring light to their dark data, enabling customers to unlock value and intelligence from their stored digital and physical assets at speed and with security, while helping them meet their environmental goals. To learn more about Iron Mountain, please visit: www.IronMountain.com and follow @IronMountain on Twitter and LinkedIn.

Media
Katie Durham
Vice President, Cleantech
Antenna Group
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Media
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Marketing Manager
Iron Mountain Data Centers
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Utilizes GumboNet to Ensure Transactional Certainty Across IDWS Category; Rolls Out Technology Starting with the Norwegian Continental Shelf

STAVANGER, Norway & HOUSTON--(BUSINESS WIRE)--Data Gumbo, the industrial smart contract network company, today announced that it has signed a contract with Equinor (OSE: EQNR, NYSE: EQNR). GumboNet™ enables transactional certainty with Equinor’s portfolio of service providers across the energy leader’s drilling and well services (IDWS) category, beginning with rollouts in the Norwegian Continental Shelf. The frame agreement provides the basis for company-wide application within Equinor for all relevant contract categories.

“Equinor is an industry trailblazer, demonstrating the true value of our international smart contract network to improve and automate manual processes, and bring trust to all parties,” said Andrew Bruce, Founder and CEO, Data Gumbo. “Smart contracts are playing a critical role in driving the energy industry forward. Our work with Equinor clearly demonstrates the benefits that supermajors and their supply chain customers, partners and vendors experience by automating commercial transactions. We are proud to continue our work with Equinor to help them realize the savings, efficiencies and new levels of transparency available through our smart contract network.”

By using GumboNet across its IDWS category, Equinor is taking on highly complex contract and invoices, aiming to reduce processing time from weeks down to a few days. With roughly 150 different billing triggers, 17 unique payment methods, and data from Equinor, drillships, platforms, offshore service vessels, aviation providers, and third-party data managers and service providers, GumboNet smart contracts have successfully created 99.7% accurate invoices with no human intervention during initial trials with Equinor’s historical data.

To automate the execution of these offshore contracts, Equinor and its service partners provide data from their digital systems and Industrial Internet of Things (IIoT) sensors to Data Gumbo’s private, permissioned smart contract network, GumboNet. The smart contracts combine data with the business rules and pricing of a contract to create an auditable, immutable and shared record of truth enabling the automation of invoicing and payments. This should eliminate 95% of payment delays, invoicing errors, disputes and complicated reconciliations — significantly reducing the costs and necessary resources to administer contracts and supply improvements in joint interest billing.

“Since piloting Data Gumbo’s smart contracts for offshore drilling services in 2019, we have worked with the company to continually refine and improve use cases. We now have the potential to expand Data Gumbo’s smart contract network to enable transactional certainty across our portfolio from the Norwegian Continental Shelf to our Brazilian operated assets and beyond,” said Erik Kirkemo, Senior Vice President for Drilling & Well in Equinor. “GumboNet reduces inefficiencies and processing time around contract execution in complex supply chains, which is a problem in the broader industry, and we look forward to realizing the streamlined process and cost savings of its rapidly expanding smart contract network.”

About Equinor

Equinor is a broad energy company with more than 21,000 employees committed to providing affordable energy for societies worldwide and taking a leading role in the energy transition. Equinor is on a journey to net zero emissions through optimising the oil and gas portfolio, accelerating growth in renewables and pioneering developments in carbon capture and hydrogen.

About Data Gumbo

Data Gumbo is the smart contract network company trusted by global industrial enterprises. The only network of enterprises and their customers, suppliers, and vendors that successfully incorporates real-time sensor level and field data to validate transactions, GumboNet™ reduces costs by more than 10% for all network members by automatically eliminating payment delays, disputes, and complicated reconciliations.

To date, Data Gumbo has received equity funding with Saudi Aramco Energy Ventures, the venture subsidiary of Saudi Aramco; Equinor Ventures, the venture subsidiary of Equinor, Norway’s leading energy operator; and L37, a hybrid venture capital and private equity company. Data Gumbo is headquartered in Houston, Texas, with global offices in Stavanger, Norway, and London, UK. For more information, visit www.datagumbo.com or follow the company on LinkedIn, Twitter, and Facebook.

fama PR
Ellen Miles
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860-930-8222

Remote Data Center Located on Oil & Gas Well Handles Cryptocurrency Mining

VAN NUYS, Calif.--(BUSINESS WIRE)--$CGRN #GreenEnergy--Capstone Green Energy Corporation (www.CapstoneGreenEnergy.com) (NASDAQ: CGRN) ("Capstone," the "Company," "we" or "us"), a global leader in carbon reduction and on-site resilient green energy as a service (EaaS) solutions, announced today that it has entered into a 4 megawatt (MW), two-year, long-term rental contract with a new end-use customer in the cryptocurrency mining space. The new two-year contract represents another 4 MW of clean Energy as a Service (EaaS) rental systems, and continues Capstone Green Energy’s expansion of its current long-term rental fleet to 21.1 MW by March 31, 2022.

“Capstone continues to expand its EaaS business, including its long-term rental program. This is an important element in achieving our near-term profitability goals as rentals generate higher contribution margin rates than traditional product sales,” said Darren Jamison, President and Chief Executive Officer of Capstone Green Energy. “With this new 4 MW, long-term contract and the existing pipeline of rental projects, we expect to reach our goal of a 21.1 MW rental fleet by March 31, 2022,” concluded Mr. Jamison.

Located on an oil and gas well, this remote data center handles large volume, blockchain and cryptocurrency mining. The customer approached Capstone looking for an innovative way to take advantage of their existing on-site associated production gas, a byproduct that would otherwise be released into the atmosphere.

Because Capstone microturbines are designed to offer fuel flexibility, the system will use the waste gas, essentially as free fuel, a benefit that not only reduces emissions but also offers operational savings. Further, the added reliability, low emissions, and nominal maintenance requirements of microturbine-based rental systems make them an ideal solution for remote locations, which can be hard to reach and often deal with challenging climate conditions.

Cryptocurrency mining is the process by which new crypto "coins" are entered into circulation. Their production requires highly sophisticated computers, often in a data center, to solve complex computational math problems. By their very nature, data centers require tremendous amounts of electricity. At a time when the utility grid is strained due to extreme weather, aging infrastructure, and inadequate transmission, on-site power provides a resilient, cost-effective alternative for energy-intensive facilities.

By offering customers Energy as a Service, Capstone Green Energy is strengthening its commitment to creating smarter energy for a cleaner future, as carbon reduction continues to have ever-increasing value to global customers.

About Capstone Green Energy

Capstone Green Energy (www.CapstoneGreenEnergy.com) (NASDAQ: CGRN) is a leading provider of customized microgrid solutions and on-site energy technology systems focused on helping customers around the globe meet their environmental, energy savings, and resiliency goals. Capstone Green Energy focuses on four key business lines. Through its Energy as a Service (EaaS) business, it offers rental solutions utilizing its microturbine energy systems and battery storage systems, comprehensive Factory Protection Plan (FPP) service contracts that guarantee life-cycle costs, as well as aftermarket parts. Energy Conversion Products are driven by the Company's industry-leading, highly efficient, low-emission, resilient microturbine energy systems offering scalable solutions in addition to a broad range of customer-tailored solutions, including hybrid energy systems and larger frame industrial turbines. The Energy Storage Products business line designs and installs microgrid storage systems creating customized solutions using a combination of battery technologies and monitoring software. Through Hydrogen Energy Solutions, Capstone Green Energy offers customers a variety of hydrogen products, including the Company's microturbine energy systems.

For customers with limited capital or short-term needs, Capstone offers rental systems; for more information, contact: This email address is being protected from spambots. You need JavaScript enabled to view it.. To date, Capstone has shipped over 10,000 units to 83 countries and estimates that, in FY21, it saved customers over $217 million in annual energy costs and approximately 397,000 tons of carbon. Total savings over the last three years are estimated at 1,115,100 tons of carbon and $698 million in annual energy savings.

For more information about the Company, please visit: www.CapstoneGreenEnergy.com. Follow Capstone Green Energy on Twitter, LinkedIn, Instagram, Facebook, and YouTube.

Cautionary Note Regarding Forward-Looking Statements

This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements regarding expectations for green initiatives and execution on the Company's growth strategy and other statements regarding the Company's expectations, beliefs, plans, intentions, and strategies. The Company has tried to identify these forward-looking statements by using words such as "expect," "anticipate," "believe," "could," "should," "estimate," "intend," "may," "will," "plan," "goal" and similar terms and phrases, but such words, terms and phrases are not the exclusive means of identifying such statements. Actual results, performance and achievements could differ materially from those expressed in, or implied by, these forward-looking statements due to a variety of risks, uncertainties and other factors, including, but not limited to, the following: the ongoing effects of the COVID-19 pandemic; the availability of credit and compliance with the agreements governing the Company's indebtedness; the Company's ability to develop new products and enhance existing products; product quality issues, including the adequacy of reserves therefor and warranty cost exposure; intense competition; financial performance of the oil and natural gas industry and other general business, industry and economic conditions; the Company's ability to adequately protect its intellectual property rights; and the impact of pending or threatened litigation. For a detailed discussion of factors that could affect the Company's future operating results, please see the Company's filings with the Securities and Exchange Commission, including the disclosures under "Risk Factors" in those filings. Except as expressly required by the federal securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, changed circumstances or future events or for any other reason.

Capstone Green Energy
Investor and investment media inquiries:
818-407-3628
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Byrd Ranch Project Will Deploy Advanced Optimization Capabilities Enabled by Artificial Intelligence

HOUSTON--(BUSINESS WIRE)--GlidePath Power Solutions LLC (“GlidePath”), today announced it has completed design, equipment procurement, financing and begun construction of the 50 MW Byrd Ranch Storage Project (”Byrd Ranch”) in Sweeny, TX. Byrd Ranch is expected to be completed this summer so that it can provide critical grid support to the Electric Reliability Council of Texas (ERCOT) during periods of expected grid stress and volatility.

The Byrd Ranch Storage Project is ideally located approximately 60 miles south of the city of Houston, enhancing local grid resilience in the greater Houston region. Byrd Ranch will employ the very latest in battery storage technology, safety and control systems and will be owned and managed by GlidePath following completion of construction.

Byrd Ranch will optimize power delivery and reliability through AI-driven algorithms that are being developed specifically to meet the unique requirements and opportunities prevailing in the ERCOT market. Byrd Ranch will have the ability to participate in multiple services markets and revenue streams and provide instant support to ERCOT as it manages greater volatility through weather-related shifts in electric generation and demand. The experience gained by GlidePath from Byrd Ranch operations will inform the planned deployment of GlidePath’s algorithmic tools across its rapidly growing U.S. storage portfolio.

The project has a footprint of 2.5 acres. Initial estimates found that Byrd Ranch could generate $500,000 per year in property taxes that would support local schools and services. By working collaboratively with its landowner partners as well as local, county, and state officials, GlidePath designed Byrd Ranch specifically to minimize sound and visual impacts to the community while identifying and protecting sensitive species and local habitat. GlidePath also worked with multiple stakeholders to incorporate additional resiliency measures that will better protect the facility from extreme weather events including severe flooding such as that experienced with Hurricane Harvey. These added protection measures will help ensure that Byrd Ranch is able to operate and perform reliably when the community needs it most.

“We’re proud to break ground on our latest contribution to addressing the Texas power grid’s reliability challenges. Byrd Ranch is one of more than 70 innovative standalone storage and solar-plus-storage projects in GlidePath’s 12 GWh development inventory located across 20 U.S. states,” said Chris McKissack, CEO of GlidePath. “Our team has been developing energy storage projects since 2013 and understands the full lifecycle of development, construction and operations of these critical facilities. This expertise allows us to not only deliver robust financial results for our investors but, more importantly, to deploy technologically advanced, safe and reliable projects which add real value to our host communities.”

About GlidePath

GlidePath Power Solutions is a leading developer of distributed power solutions spanning multiple technologies and U.S. power markets. Led by a team of power industry veterans, GlidePath has successfully developed multiple battery storage projects in the U.S. and is actively advancing a multi- technology project development portfolio exceeding 12 GWh of planned distributed power capacity. Chicago-based GlidePath is a portfolio company of Quinbrook Infrastructure Partners, a specialist investor in renewables, storage and grid support infrastructure. For more information, visit www.glidepath.net.

About Quinbrook Infrastructure Partners

Quinbrook Infrastructure Partners (http://www.quinbrook.com) is a specialist investment manager focused exclusively on renewables, storage and grid support infrastructure and operational asset management in the US, UK, and Australia. Quinbrook is led and managed by a senior team of power industry professionals who have collectively invested c.USD 8.2 billion equity in energy infrastructure assets since the early 1990s, representing a total enterprise value of c.USD 28.7 billion or 19.5 GW of power supply capacity. Quinbrook has completed a diverse range of direct investments in both utility and distributed scale onshore wind and solar power, battery storage, reserve peaking capacity, biomass, fugitive methane recovery, hydro and flexible energy management solutions in the US, UK, and Australia.

Peter Gray, Aileron Communications
312-883-5044, This email address is being protected from spambots. You need JavaScript enabled to view it.

Guidance highlights include:

• 2022 net income of $630—$660 million, Adjusted EBITDA¹ of $970—$1,000million and Distributable Cash Flow¹ of $840—$870million.
• 2022 capital expenditures expected to be approximately $235 million, focused on expansion of gas compression capacity and gathering system well connects to meet Hess Corporation’s accelerated pace of development in the Bakken.
• Hess Midstream LP expects to generate Adjusted Free Cash Flow¹ of approximately $615—645 million in 2022, more than sufficient to fully fund targeted distributions. In addition, Hess Midstream LP expects  leverage to be approximately 2.6x Adjusted EBITDA on a full-year basis, which is expected to provide capital allocation flexibility in 2022.
• Completed annual tariff rate redetermination process and established minimum volume commitments (“MVCs”) for 2024. MVCs for 2024 reflect expected organic throughput volume growth across all systems relative to 2022 volume guidance. MVCs for 2023 were generally revised higher, providing visibility of expected volume and revenue growth relative to 2022 MVC levels. Hess Midstream LP expects approximately 95% MVC revenue protection in 2022.
• Hess Midstream LP is extending its annual distribution per share growth target of 5% through 2024 with expected annual distribution coverage greater than 1.4x.
• Hess Midstream LP is extending its previously announced expectation of continued growth in Adjusted EBITDA through 2024 and continued Adjusted Free Cash Flow generation sufficient to fully fund growing distributions and provide capital allocation flexibility.

HOUSTON--(BUSINESS WIRE)--Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) today provided 2022 guidance and announced its 2022 capital budget.

“We are poised for continued volume and Adjusted EBITDA growth after a strong finish to 2021. The tie-in of our newly expanded Tioga Gas Plant gives us the capacity to capture further volume growth and drive free cash flow, creating an opportunity to return additional capital to our shareholders," said John Gatling, President and Chief Operating Officer of Hess Midstream. "We remain focused on operational and commercial execution to capture increasing gas volumes, which are expected to increase by more than 30% by 2024 relative to 2021 based on Hess' current nominations."

⁽¹⁾ Adjusted EBITDA, Distributable Cash Flow and Adjusted Free Cash Flow are non‑GAAP measures. Definitions and reconciliations of these non‑GAAP measures to GAAP reporting measures appear in the following pages of this release.

Full Year 2022 Guidance

Hess Midstream's financial guidance incorporates the outcomes of the year-end tariff rate recalculation and nomination process conducted with Hess Corporation (“Hess”) under Hess Midstream’s commercial agreements with Hess.

Hess Midstream expects full year 2022 net income of between $630 million and $660 million and Adjusted EBITDA of between $970 million and $1,000 million. Hess Midstream expects full year 2022 Distributable Cash Flow to range between $840 million and $870 million, resulting in a distribution coverage ratio of greater than 1.5x.

In 2022, Hess Midstream expects to generate Adjusted Free Cash Flow of between $615 million and $645 million and approximately $90 million after funding distributions that are targeted to grow 5% per annum on a distribution per share basis. In addition, Hess Midstream expects leverage to be approximately 2.6x Adjusted EBITDA on a full year basis, which is expected to provide capital allocation flexibility.

Full year 2022 financial guidance includes approximately 95% MVC revenue, as Hess Midstream’s physical volumes are generally expected to be at or below MVC levels.

In 2022, full year gas gathering volumes are anticipated to average 350 to 365 million cubic feet ("MMcf") of natural gas per day and gas processing volumes are expected to average 330 to 345 MMcf of natural gas per day, reflecting Hess’ announced three-rig program in the Bakken.

Crude oil gathering volumes are anticipated to average 100 to 105 thousand barrels ("MBbl") per day of crude oil in 2022, and crude oil terminaling volumes are expected to average 110 to 115 MBbl of crude oil per day.

Water gathering volumes are expected to average 70 to 75 MBbl of water per day for full year 2022.

Full Year 2022 Capital Guidance

Hess Midstream expects 2022 capital expenditures of approximately $235 million, reflecting increased activity to meet Hess’ accelerated pace of development in the Bakken. Approximately $225 million is allocated to expansion capital expenditures, with an estimated $10 million allocated to maintenance capital expenditures.

Approximately $135 million of the 2022 capital budget is allocated to gas compression, with activities focused on the completion of two new greenfield compressor stations and associated pipeline infrastructure, which are expected to provide, in aggregate, an additional 85 MMcf per day of gas compression capacity when brought online during the year. In addition, Hess Midstream expects to initiate construction on a third greenfield compressor station, which is expected to provide an additional 65 MMcf per day of gas compression capacity when brought online in 2023, further enhancing gas capture capability and supporting Hess’ development in the basin. Reflecting increasing drilling activity by Hess, approximately $90 million is allocated to gathering system well connects to service Hess and third‑party customers.

Full year 2022 guidance is summarized below:

Minimum Volume Commitments

As part of the annual nomination process set forth in our long-term commercial contracts, Hess’ MVCs were reviewed and updated based on Hess' volume nominations, which are based on Hess’ expectations of its own volumes and third-party throughput volumes contracted through Hess. MVCs are set annually at 80% of Hess’ nomination for the three years following each nomination. Once set, MVCs for each year can only be increased and not reduced.

As part of the process, MVCs for 2024 were set at 80% of nominated volumes, reflecting expected organic throughput volume growth across all systems relative to 2022 volume guidance. Hess' 2024 nomination for gas processing set at year-end 2021 was 425 MMcf of natural gas per day, resulting in the MVC at 80% of the nomination of 340 MMcf of natural gas per day. Throughput volume growth is driven primarily by the acceleration of Hess’ development plan, including increasing gas capture resulting from planned investments in regional gas compression projects that are expected to commence service during 2022 and 2023. Reflective of Hess’ accelerated development plan, MVCs for 2023 were revised higher across the majority of our systems, providing visibility of expected revenue growth relative to 2022 MVC levels. Hess Midstream expects approximately 95% MVC revenue protection in 2022.

Long-Term Financial Metrics

Hess Midstream is targeting 5% distribution per share growth through 2024 with expected annual distribution coverage greater than 1.4x, including greater than 1.5x distribution coverage in 2022.

In 2023 and 2024, Hess Midstream expects continued growth in Adjusted EBITDA and Adjusted Free Cash Flow generation sufficient to fully fund growing distributions without incremental debt or equity while creating additional capital allocation flexibility, including potential return of capital to shareholders. Hess Midstream continues to expect gas gathering and processing to comprise approximately 75% of total affiliate revenues excluding passthrough revenues, with 2023 and 2024 gas gathering and gas processing MVCs providing visibility to expected future revenue growth.

About Hess Midstream

Hess Midstream LP is a fee‑based, growth-oriented midstream company that operates, develops and acquires a diverse set of midstream assets to provide services to Hess and third‑party customers. Hess Midstream owns oil, gas and produced water handling assets that are primarily located in the Bakken and Three Forks Shale plays in the Williston Basin area of North Dakota. More information is available at www.hessmidstream.com.

Reconciliation of U.S. GAAP to Non‑GAAP Measures

In addition to our financial information presented in accordance with U.S. generally accepted accounting principles (“GAAP”), management utilizes certain additional non‑GAAP measures to facilitate comparisons of past performance and future periods. “Adjusted EBITDA” presented in this release is defined as reported net income (loss) before net interest expense, income tax expense, depreciation and amortization and our proportional share of depreciation of our equity affiliates, as further adjusted to eliminate the impact of certain items that we do not consider indicative of our ongoing operating performance, such as transaction costs, other income and other non‑cash, non‑recurring items, if applicable. “Distributable Cash Flow” or “DCF” is defined as Adjusted EBITDA less net interest, excluding amortization of deferred financing costs, cash paid for federal and state income taxes and maintenance capital expenditures. DCF does not reflect changes in working capital balances. We define “Adjusted Free Cash Flow” as DCF less expansion capital expenditures and ongoing contributions to equity investments. We believe that investors’ understanding of our performance is enhanced by disclosing these measures as they may assist in assessing our operating performance as compared to other publicly traded companies in the midstream energy industry, without regard to historical cost basis or, in the case of Adjusted EBITDA, financing methods, and assessing the ability of our assets to generate sufficient cash flow to make distributions to our shareholders. These measures are not, and should not be viewed as, a substitute for GAAP net income or cash flow from operating activities and should not be considered in isolation. Reconciliations of Adjusted EBITDA, DCF and Adjusted Free Cash Flow to reported net income (GAAP) are provided below. Hess Midstream is unable to project net cash provided by operating activities with a reasonable degree of accuracy because this metric includes the impact of changes in operating assets and liabilities related to the timing of cash receipts and disbursements that may not relate to the period in which the operating activities occur. Therefore, Hess Midstream is unable to provide projected net cash provided by operating activities, or the related reconciliation of projected Adjusted Free Cash Flow to projected net cash provided by operating activities without unreasonable effort.

Cautionary Note Regarding Forward-looking Information

This press release contains “forward-looking statements” within the meaning of U.S. federal securities laws. Words such as “anticipate,” “estimate,” “expect,” “forecast,” “guidance,” “could,” “may,” “should,” “would,” “believe,” “intend,” “project,” “plan,” “predict,” “will,” “target” and similar expressions identify forward-looking statements, which are not historical in nature. Our forward-looking statements may include, without limitation: our future financial and operational results; our business strategy; our industry; our expected revenues; our future profitability; our maintenance or expansion projects; our projected budget and capital expenditures and the impact of such expenditures on our performance; and future economic and market conditions in the oil and gas industry.

Forward-looking statements are based on our current understanding, assessments, estimates and projections of relevant factors and reasonable assumptions about the future. Forward-looking statements are subject to certain known and unknown risks and uncertainties that could cause actual results to differ materially from our historical experience and our current projections or expectations of future results expressed or implied by these forward-looking statements. The following important factors could cause actual results to differ materially from those in our forward-looking statements: the direct and indirect effects of the COVID-19 global pandemic and other public health developments on our business and those of our business partners, suppliers and customers, including Hess; the ability of Hess and other parties to satisfy their obligations to us, including Hess’ ability to meet its drilling and development plans on a timely basis or at all, its ability to deliver its nominated volumes to us, and the operation of joint ventures that we may not control; our ability to generate sufficient cash flow to pay current and expected levels of distributions; reductions in the volumes of crude oil, natural gas, natural gas liquids (“NGLs”) and produced water we gather, process, terminal or store; the actual volumes we gather, process, terminal or store for Hess in excess of our MVCs and relative to Hess' nominations; fluctuations in the prices and demand for crude oil, natural gas and NGLs, including as a result of the COVID-19 global pandemic; changes in global economic conditions and the effects of a global economic downturn on our business and the business of our suppliers, customers, business partners and lenders; our ability to comply with government regulations or make capital expenditures required to maintain compliance, including our ability to obtain or maintain permits necessary for capital projects in a timely manner, if at all, or the revocation or modification of existing permits; our ability to successfully identify, evaluate and timely execute our capital projects, investment opportunities and growth strategies, whether through organic growth or acquisitions; costs or liabilities associated with federal, state and local laws, regulations and governmental actions applicable to our business, including legislation and regulatory initiatives relating to environmental protection and safety, such as spills, releases, pipeline integrity and measures to limit greenhouse gas emissions; our ability to comply with the terms of our credit facility, indebtedness and other financing arrangements, which, if accelerated, we may not be able to repay; reduced demand for our midstream services, including the impact of weather or the availability of the competing third-party midstream gathering, processing and transportation operations; potential disruption or interruption of our business due to catastrophic events, such as accidents, severe weather events, labor disputes, information technology failures, constraints or disruptions and cyber-attacks; any limitations on our ability to access debt or capital markets on terms that we deem acceptable, including as a result of weakness in the oil and gas industry or negative outcomes within commodity and financial markets; liability resulting from litigation; and other factors described in Item 1A—Risk Factors in our Annual Report on Form 10-K and any additional risks described in our other filings with the Securities and Exchange Commission.

As and when made, we believe that our forward-looking statements are reasonable. However, given these risks and uncertainties, caution should be taken not to place undue reliance on any such forward-looking statements since such statements speak only as of the date when made and there can be no assurance that such forward-looking statements will occur and actual results may differ materially from those contained in any forward-looking statement we make. Except as required by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events or otherwise.

For Hess Midstream LP

Investor Contact:
Jennifer Gordon
(212) 536-8244

Media Contact:
Robert Young
(713) 496-6076

SINGAPORE--(BUSINESS WIRE)--#CrossChainBridges--A decentralized Finance Protocol, The Recharge starts its journey to NFT by introducing its first NFT edition, “Recharge neon car.” The Recharge is an interoperability-focused project that offers cross-chain bridges and staking pools. It is a bridge between centralization and decentralization, and an attractive incentive program has been working very profoundly. It allows the generated point from centralized services to convert into cryptocurrency. All the users need to do is connect their wallet, such as MetaMask, and choose either staking or swap.

The Recharge has completed its first platform integration with South Korea's no. 1 power bank sharing service, Piggycell, and plans to expand its ecosystem to an EV-charging complex and E-bike platform later this year.

Moreover, as non-fungible tokens (NFTs) have exploded in popularity, The Recharge offers NFT.

“With demand for NFTs on the rise, we decided to launch NFT to reach our users' needs and expand the ecosystem,” The Recharge CMO Ethan Kang said.

The Recharge NFT projects started to boost RCG ecosystem, The Recharge’s native token, which will be listed on Bibox on January 26th, 2022.

The total supply of The Recharge NFT, also known as Recharge neon car, is 1,000 and it consists of 31 parts with 5 different sections which generate only 80 top tier NFTs with unique benefits.

All users who hold legendary, unique, and super rare will receive a special NFT drop and be whitelisted for the 2nd edition minting. Plus, legendary will airdrop at least USD 1,600.

More Info: https://medium.com/therecharge/announcement-unveiling-of-the-recharge-nft-4667828d22ae

The Recharge CMO Ethan Kang said, “The Recharge project started to build a long-term sustainable decentralized ecosystem that supports users’ needs and demands in an electric power charging ecosystem in rewards. The Recharge will eventually be a core of the ecosystem for users to control their own rewards and assets.”

The Recharge NFT launches on January 27th, 2022, at 00:00 UTC.

The Recharge
Jessica Lee
+82-10-7396-0058
This email address is being protected from spambots. You need JavaScript enabled to view it.

Initial project portfolio to include more than 110MWh of front-of-the-meter standalone energy storage projects in New York state

SAN FRANCISCO, & NEW YORK--(BUSINESS WIRE)--#STEM--Stem, Inc. (“Stem” or “the Company”) (NYSE: STEM), a global leader in artificial intelligence (AI)-driven energy storage services and software, announced today the Company has entered into an agreement to provide smart energy storage services to NineDot Energy, a cleantech developer that designs and deploys community distributed energy generation and storage projects.

The projects consist of six front-of-the-meter (FTM) standalone energy storage sites in Staten Island that represent more than 110 megawatt hours (MWh). The portfolio, expected to be completed by May 2023, will participate in New York’s Value of Distributed Energy Resources (VDER) program, through which NineDot will develop the energy storage sites, own the assets, and monetize the VDER credits. In addition to procuring the storage hardware, Stem will use its Athena® smart energy software to optimize VDER credits and other incentive programs to help generate additional project revenues, achieve incentive and warranty compliance, and provide a single platform for NineDot to monitor the portfolio of energy storage sites.

Together, NineDot and Stem aim to support New York's mission to achieve its goal of 100% clean energy use by 2040. New York recently announced plans to double its energy storage target to 6,000 megawatts (MW) by 2030. Carlyle, one of the world’s largest private equity firms, recently committed to invest approximately $100 million in NineDot to build and operate energy storage sites in New York.

John Carrington, CEO of Stem, commented, “For over a decade, Stem has successfully optimized distributed energy resources for partners and customers in multiple markets to maximize the value stack of incentives, including the VDER program. Our expertise in front-of-the-meter standalone energy storage with our Athena® AI-driven energy storage software makes it easy for developers like NineDot to deploy successful projects. Together with NineDot, we will continue to expand our presence in New York and help the state to achieve its goal of being 100% powered by clean energy by 2040.”

David Arfin, CEO and Co-Founder of NineDot Energy, added, “Partnering with Stem brings us closer to our goal of delivering reliable power and resilience for the electric grid. Stem’s unparalleled customer support, access to top-tier hardware suppliers, and best-in-class Athena® platform enable the user-friendly experience needed to manage a successful energy storage portfolio. With the financial backing of Carlyle and our smart energy storage partner Stem, we look forward to deploying more next-generation energy storage for cleaner, cost-effective electricity across the New York grid.”

Cautionary Statement Regarding Forward-Looking Statements

This press release, as well as other statements we make, contain “forward-looking statements” within the meaning of the federal securities laws, which include any statements that are not historical facts. Such statements often contain words such as “expect,” “may,” “can,” “believe,” “predict,” “plan,” “potential,” “projected,” “projections,” “forecast,” “estimate,” “intend,” “anticipate,” “ambition,” “goal,” “target,” “think,” “should,” “could,” “would,” “will,” “hope,” “see,” “likely,” and other similar words. Forward-looking statements address matters that are, to varying degrees, uncertain, such as expanding our operations in New York, our ability to help the State of New York to achieve its goal of 100% clean energy use by 2040, the success of the Stem-NineDot partnership; the reduction of greenhouse gas (“GHG”) emissions; the integration and optimization of energy resources; the business strategies of Stem and those of its customers; the global commitment to decarbonization; Stem’s ability to secure new customers, or to retain current customers, further penetrate existing markets or expand into new markets; Stem’s ability to mitigate supply chain risk and otherwise to manage supply chains and distribution channels; the continuing severity, magnitude and duration of the COVID-19 pandemic and future results of operations. Such forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon assumptions and estimates that, while considered reasonable by Stem and its management, depend upon inherently uncertain factors and risks that may cause actual results to differ materially from current expectations, including the expansion of our operations in New York, our ability to help the State of New York to achieve its goal of 100% clean energy use by 2040, the risk that the Stem-NineDot partnership may not be as successful as anticipated, our inability to achieve our financial and performance targets and other forecasts and expectations; our inability to realize anticipated revenues from our long-term contracts; our inability to grow and manage profitably; risks relating to the development and performance of our energy storage systems and software-enabled services; our inability to help reduce GHG emissions; our inability to seamlessly integrate and optimize energy resources; the risk that the global commitment to decarbonization may not materialize as we predict, or even if it does, that we might not be able to benefit therefrom; our inability to win new contracts with customers that we are pursuing, or to retain or upgrade current customers, further penetrate existing markets or expand into new markets; our inability to secure sufficient inventory from our suppliers to meet customer demand, and provide us with contracted quantities of equipment; supply chain failures or interruptions; manufacturing or delivery delays; disruptions in sales, production, service or other business activities; our inability to attract and retain qualified personnel; the risk that our business, financial condition and results of operations may be adversely affected by other political, economic, business and competitive factors; and other risks and uncertainties set forth in the section entitled “Risk Factors” in the registration statement on Form S-1 filed with the SEC on July 19, 2021, and our most recent Forms 10-K, 10-Q and 8-K filed with or furnished to the SEC. If one or more of these or other risks or uncertainties materialize (or the consequences of any such development changes), or should our underlying assumptions prove incorrect, actual outcomes may vary materially from those reflected in our forward-looking statements. Statements in this press release are made as of the date of this release, and Stem disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.

About Stem, Inc.

Stem (NYSE: STEM) provides solutions that address the challenges of today’s dynamic energy market. By combining advanced energy storage solutions with Athena®, a world-class AI-powered analytics platform, Stem enables customers and partners to optimize energy use by automatically switching between battery power, onsite generation and grid power. Stem’s solutions help enterprise customers benefit from a clean, adaptive energy infrastructure and achieve a wide variety of goals, including expense reduction, resilience, sustainability, environmental and corporate responsibility and innovation. Stem also offers full support for solar partners interested in adding storage to standalone, community or commercial solar projects – both behind and in front of the meter. For more information, visit www.stem.com.

About NineDot Energy

Founded in 2015, NineDot Energy is a clean-tech developer that creates innovative energy solutions that support a more resilient electric grid, delivers economic savings, and reduces carbon emissions. NineDot's name derives from the classic mathematical puzzle for sparking out-of-the-box solutions. NineDot is based at the NYU Tandon School of Engineering Urban Future Lab in Brooklyn, New York. To learn more, visit nine.energy.

NineDot Energy Media Contact
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Stem Investor Contacts
Ted Durbin, Stem
Marc Silverberg, ICR
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Stem Media Contact
Cory Ziskind, ICR
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DALLAS--(BUSINESS WIRE)--Pioneer Natural Resources Company (“Pioneer”) (NYSE:PXD) today announced its fourth quarter 2021 earnings news release is scheduled to be issued after the close of trading on the New York Stock Exchange on Wednesday, February 16, 2022.

A conference call is scheduled for Thursday, February 17, 2022, at 9:00 a.m. Central Time to discuss the fourth quarter results. Instructions on how to listen to the call and view the accompanying presentation are shown below.

Internet: www.pxd.com
Select “Investors” then “Earnings & Webcasts” to listen to the discussion and view the presentation.

Telephone: Dial (800) 289-0720 confirmation code 2365669 five minutes before the call. View the presentation via Pioneer’s internet address above.

A replay of the webcast will be archived on Pioneer’s website. Alternatively, an audio replay will be available through March 18, 2022. To register and access the audio replay, click here and enter confirmation code 2365669.

Pioneer is a large independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations in the United States. For more information, visit Pioneer’s website at www.pxd.com.

Pioneer Natural Resources Contacts:

Investors
Neal Shah – 972-969-3900
Tom Fitter – 972-969-1821
Greg Wright – 972-969-1770
Chris Leypoldt – 972-969-5834

Media and Public Affairs
Tadd Owens – 972-969-5760

• Fourth-quarter 2021 net income from continuing operations was $61.0 million or $1.69 per diluted share
• Rail North America’s fleet utilization remained high at 99.2%
• Full-year investment volume exceeded $1.0 billion

CHICAGO--(BUSINESS WIRE)--GATX Corporation (NYSE:GATX) today reported 2021 fourth-quarter and full-year results. Results for the fourth quarter and full year ending Dec. 31 are summarized below:

2021 fourth-quarter net income from continuing operations was $61.0 million or $1.69 per diluted share, compared to net income from continuing operations of $17.8 million or $0.50 per diluted share in the fourth quarter of 2020. The 2021 fourth-quarter results include a net positive impact from Tax Adjustments and Other Items of $0.11 per diluted share. Details related to these items are provided in the attached Supplemental Information under Tax Adjustments and Other Items.

Net income from continuing operations for the full-year 2021 was $143.1 million or $3.98 per diluted share, compared to $150.2 million or $4.24 per diluted share in the prior year period. The 2021 and 2020 full-year results include net negative impacts from Tax Adjustments and Other Items of $1.08 per diluted share and $0.35 per diluted share, respectively.

"Our 2021 financial results were significantly better than we anticipated," said Brian A. Kenney, president and chief executive officer of GATX. "Rail North America's outperformance was driven by improving market conditions combined with exceptional execution by our commercial and operations teams. In addition to achieving higher fleet utilization and a higher renewal success rate, we have now experienced six consecutive quarters of sequential increases in absolute lease rates. Lower fleet churn as a result of this strong commercial performance, combined with efficiency improvements across our network, helped drive lower maintenance costs. We also further optimized our fleet by selectively selling railcars into a robust secondary market, generating strong remarketing income.

"Rail International also performed well, despite supply chain and COVID-related interruptions at railcar manufacturers that delayed new car deliveries. Demand for our railcars remained strong in Europe and India. Consequently, Rail International maintained high fleet utilization and continued to experience increases in renewal lease rates. In Portfolio Management, results were in line with our lower expectations given the ongoing negative impact of global travel restrictions on long-haul air travel.

"In 2021, we continued to execute on our strategy to invest in attractive leasing assets across our global businesses. For the second year in a row, our full-year investment volume exceeded $1.0 billion."

Mr. Kenney added, "In 2022, we anticipate the steady recovery in the North American railcar leasing market will continue. We expect market lease rates to increase above average expiring rates for railcars renewing during the year. Combined with higher asset disposition gains, Rail North America is expected to produce higher segment profit in 2022. Rail International’s 2022 segment profit is also expected to increase as strong demand for new and existing railcars continues in Europe and India. In Portfolio Management, we currently project a decrease in our earnings from the Rolls-Royce and Partners Finance affiliates as the global aviation market continues to experience significant uncertainty. Finally, we anticipate higher Trifleet earnings in 2022 as demand for tank containers worldwide remains strong."

Mr. Kenney concluded, “We expect that continuing improvement in the North American railcar leasing market combined with the attractive investments made across our global businesses in recent years will continue to drive earnings growth at GATX. Based on this outlook, we currently expect 2022 earnings to be in the range of $5.50 to $5.80 per diluted share.”

RAIL NORTH AMERICA

Rail North America reported segment profit of $75.6 million in the fourth quarter of 2021, compared to $49.5 million in the fourth quarter of 2020. Higher segment profit was primarily due to higher gains on asset dispositions in the quarter. Full-year 2021 Rail North America reported segment profit of $285.4 million, compared to $227.6 million in 2020. Higher segment profit in 2021 was primarily the result of higher gains on asset dispositions and lower maintenance expense, partially offset by lower lease revenue. The 2021 fourth-quarter and year-to-date segment profit include a net gain of $5.3 million from Tax Adjustments and Other Items.

At Dec. 31, 2021, Rail North America’s wholly owned fleet was approximately 114,500 cars, including more than 12,900 boxcars. The following fleet statistics and performance discussion exclude the boxcar fleet.

Fleet utilization was 99.2% at the end of the fourth quarter, compared to 99.2% at the end of the prior quarter and 98.1% at 2020 year end. During the fourth quarter, the GATX Lease Price Index (LPI), a weighted-average lease renewal rate for a group of railcars representative of Rail North America’s fleet, was negative 0.7%. This compares to negative 8.1% in the prior quarter and negative 22.6% in the fourth quarter of 2020. The average lease renewal term for railcars included in the LPI during the fourth quarter was 37 months, compared to 32 months in the prior quarter and 34 months in the fourth quarter of 2020. The fourth-quarter renewal success rate was 89.2%, compared to 84.0% in the prior quarter and 77.0% in the fourth quarter of 2020.

For full-year 2021, the renewal lease rate change of the LPI was negative 8.5% and the average renewal term was 32 months, compared to negative 23.5% and 31 months in 2020. The renewal success rate for 2021 was 82.7%, compared to 70.8% in 2020. Total investment volume was $574.4 million in 2021.

Additional fleet statistics, including information on the boxcar fleet, and macroeconomic data related to Rail North America’s business are provided on the last page of this press release.

RAIL INTERNATIONAL

Rail International’s segment profit was $28.9 million in the fourth quarter of 2021, compared to $25.6 million in the fourth quarter of 2020. Fourth-quarter segment profit increase was predominately driven by more railcars on lease and foreign exchange impacts, partially offset by higher maintenance expense. Rail International reported full-year segment profit of $105.0 million in 2021, compared to $83.5 million in 2020. Higher year-to-date segment profit was primarily driven by more railcars on lease.

At Dec. 31, 2021, GRE’s fleet consisted of approximately 27,100 cars and utilization was 98.7%, compared to 98.1% at the end of the prior quarter and 98.1% at 2020 year end.

Additional fleet statistics for GRE are provided on the last page of this press release.

PORTFOLIO MANAGEMENT

Portfolio Management reported segment profit of $36.3 million in the fourth quarter of 2021, compared to segment loss of $5.7 million in the fourth quarter of 2020. Higher segment profit was driven by performance at the Rolls-Royce and Partners Finance (RRPF) affiliates and GATX Engine Leasing earnings. Full-year 2021 segment profit was $60.8 million, compared to $77.4 million in 2020. The decrease in year-to-date segment profit was primarily due to lower share of affiliates’ earnings from the Rolls-Royce and Partners Finance affiliates.

DISCONTINUED OPERATIONS

In the second quarter of 2020, GATX completed the sale of American Steamship Company (ASC). The ASC business segment is accounted for as discontinued operations. The final gain on the sale of ASC, net of taxes, was $3.3 million. Results for discontinued operations are summarized below:

COMPANY DESCRIPTION

GATX Corporation (NYSE:GATX) strives to be recognized as the finest railcar leasing company in the world by our customers, our shareholders, our employees and the communities where we operate. As the leading global railcar lessor, GATX has been providing quality railcars and services to its customers for over 120 years. GATX has been headquartered in Chicago, Illinois since its founding in 1898.

TELECONFERENCE INFORMATION

GATX Corporation will host a teleconference to discuss 2021 fourth-quarter and full-year results. Call details are as follows:

Tuesday, Jan. 25, 2022
11 a.m. Eastern Time
Domestic Dial-In: 1-800-289-0720
International Dial-In: 1-323-701-0160
Replay: 1-888-203-1112 or 1-719-457-0820 /Access Code: 1989871

Call-in details, a copy of this press release and real-time audio access are available at www.gatx.com. Please access the call 15 minutes prior to the start time. A replay will be available on the same site starting at 2 p.m. (Eastern Time), Jan. 25, 2022.

AVAILABILITY OF INFORMATION ON GATX'S WEBSITE

Investors and others should note that GATX routinely announces material information to investors and the marketplace using SEC filings, press releases, public conference calls, webcasts and the GATX Investor Relations website. While not all of the information that the Company posts to the GATX Investor Relations website is of a material nature, some information could be deemed to be material. Accordingly, the Company encourages investors, the media and others interested in GATX to review the information that it shares on www.gatx.com under the “Investor Relations” tab.

FORWARD-LOOKING STATEMENTS

Statements in this Earnings Release not based on historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and, accordingly, involve known and unknown risks and uncertainties that are difficult to predict and could cause our actual results, performance, or achievements to differ materially from those discussed. Forward-looking statements include statements as to our future expectations, beliefs, plans, strategies, objectives, events, conditions, financial performance, prospects, or future events. In some cases, forward-looking statements can be identified by the use of words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “outlook,” “continue,” “likely,” “will,” “would”, and similar words and phrases. Forward-looking statements are necessarily based on estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Accordingly, you should not place undue reliance on forward-looking statements, which speak only as of the date they are made, and are not guarantees of future performance. We do not undertake any obligation to publicly update or revise these forward-looking statements.

The outcome of the events described in forward-looking statements is subject to risks, uncertainties, and other factors, in addition discussed in our other filings with the SEC, including our Form 10-K for the year ended December 31, 2020 and subsequent reports on Form 10-Q. The following is a summary of the principal risks we face that could cause actual results to differ materially from our current expectations expressed in forward-looking statements:

GATX Corporation
Shari Hellerman
Director, Investor Relations
312-621-4285
This email address is being protected from spambots. You need JavaScript enabled to view it.

SAN JOSE, Calif.--(BUSINESS WIRE)--$BE #earnings--Bloom Energy (NYSE: BE) today announced it will release its fourth quarter and fiscal year 2021 financial results on February 10, 2022 after market close. Bloom Energy’s management will host a conference call at 2:00 p.m. Pacific Time (PT) / 5:00 p.m. Eastern Time (ET) on the same day to discuss these results and the longer term outlook for the company.

Q4 2021 Conference Call and Webcast
Date: February 10, 2022
Time: 2 p.m. PT/ 5 p.m. ET
Duration: 60 minutes
Live Dial in: Domestic (844) 200-6205 | International +1 (833) 950-0062
Participant Passcode: 689359
Live webcast: https://investor.bloomenergy.com/

A telephonic replay of the conference call will be accessible for one week following the call at:
Dial in: Domestic (866) 813-9403 | International + 1 (226) 621-4642
Passcode: 219118

The Investors section of the Bloom Energy website will also host a replay for one year following the webcast at https://investor.bloomenergy.com/.

About Bloom Energy

Bloom Energy empowers businesses and communities to responsibly take charge of their energy. The company’s leading solid-oxide platform for distributed generation of electricity and hydrogen is changing the future of energy. Fortune 100 companies around the world turn to Bloom Energy as a trusted partner to deliver lower carbon energy today and a net-zero future. For more information visit www.bloomenergy.com.

Investor Relations:
Ed Vallejo
+1 (267) 370-9717
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Media Relations:
Jennifer Duffourg
+1 (480) 341-5464
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WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) announced today that the Board of Directors of its general partner, Global GP LLC, has declared a quarterly cash distribution of $0.5850 per unit ($2.34 per unit on an annualized basis) on all of its outstanding common units for the period from October 1, 2021 through December 31, 2021. The distribution will be paid on February 14, 2022 to unitholders of record as of the close of business on February 8, 2022.

Non-U.S. Withholding Information

This press release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent (100%) of GLP’s distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, GLP’s distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.

About Global Partners LP

With approximately 1,600 locations primarily in the Northeast, Global Partners is one of the region’s largest independent owners, suppliers and operators of gasoline stations and convenience stores. Global also owns, controls or has access to one of the largest terminal networks in New England and New York, through which it distributes gasoline, distillates, residual oil and renewable fuels to wholesalers, retailers and commercial customers. In addition, Global engages in the transportation of petroleum products and renewable fuels by rail from the mid-continental U.S. and Canada. Global, a master limited partnership, trades on the New York Stock Exchange under the ticker symbol “GLP.” For additional information, visit www.globalp.com.

Forward-looking Statements

Certain statements and information in this press release may constitute “forward-looking statements.” The words “believe,” “expect,” “anticipate,” “plan,” “intend,” “foresee,” “should,” “would,” “could” or other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on Global’s current expectations and beliefs concerning future developments and their potential effect on the Partnership. While management believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting the Partnership will be those that it anticipates. Forward-looking statements involve significant risks and uncertainties (some of which are beyond the Partnership’s control) including, without limitation, the impact and duration of the COVID-19 pandemic, uncertainty around the timing of an economic recovery in the United States which will impact the demand for the products we sell and the services that we provide, uncertainty around the impact of the COVID-19 pandemic to our counterparties and our customers and their corresponding ability to perform their obligations and/or utilize the products we sell and/or services we provide, uncertainty around the impact and duration of federal, state and municipal regulations related to the COVID-19 pandemic, and assumptions that could cause actual results to differ materially from the Partnership’s historical experience and present expectations or projections.

For additional information regarding known material factors that could cause actual results to differ from the Partnership’s projected results, please see Global’s filings with the SEC, including its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.

Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. Global undertakes no obligation to publicly update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise.

Gregory B. Hanson
Chief Financial Officer
Global Partners LP
(781) 894-8800

Sean T. Geary
Acting General Counsel, Secretary and
Vice President – Mergers & Acquisitions
Global Partners LP
(781) 894-8800

Enabling Industrial, Energy and Utility customers to connect critical infrastructure and utilize Anterix 900 MHz spectrum for Private LTE

VANCOUVER, British Columbia--(BUSINESS WIRE)--Sierra Wireless (NASDAQ: SWIR) (TSX: SW), a world leading IoT solutions provider, today announced that its AirLink® RV50X router has been certified for use by the Federal Communications Commission (FCC), enabling existing and new customers access to Anterix’s 900 MHz private wireless broadband spectrum. Leveraging the Sierra Wireless MC7455 module with Band 8 spectrum and network assigned duplexing (NAD) support, the RV50X ruggedized cellular router serves as a foundation for critical infrastructure.

Anterix, a company focused on delivering transformative broadband that enables the modernization of critical infrastructure, is the largest holder of licensed spectrum in the 900 MHz band (896-901/935-940 MHz) throughout the contiguous United States, plus Hawaii, Alaska, and Puerto Rico.

“We are pleased to add the Sierra Wireless AirLink® RV50X router and the MC7455 module to our family of Anterix Active commercial-ready technologies available for 900 MHz private LTE networks,” said Carlos L’ Abbate, Anterix Chief Technology & Engineering Officer. “Sierra Wireless Solutions play a key role in connecting critical infrastructure for utilities.”

“With FCC certification of our RV50X router for use on Anterix’s 900 MHz spectrum, customers can now access private LTE for their critical infrastructure applications and expanded offerings for private IoT networks,” said Tom Mueller, VP of Product Enterprise Networking, Sierra Wireless. “Further, both new and existing RV50X customers can take advantage of Anterix’s spectrum and leverage the RV50X's dual SIM capability to operate on both a commercial carrier, and have routers migrate over to 900 MHz as their private networks roll out.”

Sierra Wireless’ AirLink® RV50X Industrial LTE Gateway
The AirLink® RV50X delivers LTE broadband connectivity for critical remote fixed assets and industrial IoT infrastructure and with low power consumption, the router can run on battery or solar power. Offering ruggedized connectivity, the compact RV50X was purpose-built for fixed assets in SCADA and metering, smart city, agriculture, environmental monitoring, oil and gas, utility, and public safety applications.

In addition, AirLink Complete, a subscription-based service, is included with the RV50X. This service offers best in class device management, customer support and an extended warranty which delivers a cost-effective way to ensure mission critical infrastructure operates at peak efficiency.

Availability
The RV50X router is available now from Sierra Wireless’ global network of partners.

For more information, visit: https://www.sierrawireless.com/products-and-solutions/routers-gateways/rv50/

To contact the Sierra Wireless Sales Desk, call +1 877-687-7795 or visit http://www.sierrawireless.com/sales.

Note to editors:
To view and download images of Sierra Wireless products, visit https://www.sierrawireless.com/company/image-gallery/.

About Sierra Wireless
Sierra Wireless (NASDAQ: SWIR) (TSX: SW) is a world leading IoT solutions provider that combines devices, network services, and software to unlock value in the connected economy. Companies globally are adopting 4G, 5G, and LPWA solutions to improve operational efficiency, create better customer experiences, improve their business models, and create new revenue streams. Sierra Wireless works with its customers to develop the right industry-specific solution for their IoT deployments, whether this is an integrated solution to help connect edge devices to the cloud, a software/API service to manage processes with billions of connected assets, or a platform to extract real-time data to improve business decisions. With more than 25 years of cellular IoT experience, Sierra Wireless is the global partner customers trust to deliver them their next IoT solution. For more information, visit www.sierrawireless.com.

Connect with Sierra Wireless on the IoT Blog at http://www.sierrawireless.com/iot-blog, on Twitter at @SierraWireless, on LinkedIn at https://www.linkedin.com/company/sierra-wireless and on YouTube at https://www.youtube.com/SierraWireless.

“Sierra Wireless” is a registered trademark of Sierra Wireless, Inc. “AirLink” is a registered trademark of Sierra Wireless America, Inc. Other product or service names mentioned herein may be the trademarks of their respective owners.

Louise Matich
Sierra Wireless
Media Relations
+1 236 979 2154
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David Climie
Sierra Wireless
Investor Relations
+1 604 321 1137
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NORWELL, Mass.--(BUSINESS WIRE)--Clean Harbors, Inc. (“Clean Harbors”) (NYSE: CLH), the leading provider of environmental and industrial services throughout North America, today announced that it has mutually agreed with Vertex Energy, Inc. (“Vertex”) to terminate Clean Harbors’ planned acquisition of Vertex’s used motor oil (UMO) collection and re-refinery assets. In June, Clean Harbors agreed to acquire certain assets related to Vertex’s UMO collection and re-refinery business in an all-cash transaction for $140 million. The transaction, which was subject to approval by U.S. regulators, had received a request for additional information and documentary materials (second request) from the Federal Trade Commission (FTC) in September.

“Clean Harbors and Vertex have mutually agreed to terminate the transaction,” said Alan S. McKim, Chairman and Chief Executive Officer of Clean Harbors. “We can now refocus our energy on other ways to deploy our capital, including continuing to invest in our Safety-Kleen Sustainability Solutions segment.”

Under the terms of the acquisition agreement, either party could walk away unencumbered from the transaction if it was not finalized by March 31, 2022. In connection with the early termination of the acquisition agreement, Vertex is paying Clean Harbors a breakup fee of $3 million.

About Clean Harbors

Clean Harbors (NYSE: CLH) is North America’s leading provider of environmental and industrial services. The Company serves a diverse customer base, including a majority of Fortune 500 companies. Its customer base spans a number of industries, including chemical, energy and manufacturing, as well as numerous government agencies. These customers rely on Clean Harbors to deliver a broad range of services such as end-to-end hazardous waste management, emergency spill response, industrial cleaning and maintenance, and recycling services. Through its Safety-Kleen subsidiary, Clean Harbors also is North America’s largest re-refiner and recycler of used oil and a leading provider of parts washers and environmental services to commercial, industrial and automotive customers. Founded in 1980 and based in Massachusetts, Clean Harbors operates in the United States, Canada, Mexico, Puerto Rico and India. For more information, visit www.cleanharbors.com.

Safe Harbor Statement

Any statements contained herein that are not historical facts, including information related to the terminated agreement related to Clean Harbors acquiring certain of Vertex’s used motor oil collection and re-refining assets, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are generally identifiable by use of the words “believes,” “expects,” “intends,” “anticipates,” “plans to,” “seeks,” “should,” “estimates,” “projects,” “may,” “likely,” or similar expressions. Such statements may include, but are not limited to, statements about future financial and operating results, and other statements that are not historical facts. Such statements are based upon the beliefs and expectations of Clean Harbors’ management as of this date only and are subject to certain risks and uncertainties that could cause actual results to differ materially, including, without limitation, the impact of the HPC acquisition and those items identified as “Risk Factors” in Clean Harbors’ most recently filed Form 10-K and Form 10-Q. Forward-looking statements are neither historical facts nor assurances of future performance. Therefore, readers are cautioned not to place undue reliance on these forward-looking statements. Clean Harbors undertakes no obligation to revise or publicly release the results of any revision to these forward-looking statements other than through its filings with the Securities and Exchange Commission, which may be viewed in the “Investors” section of Clean Harbors’ website at www.cleanharbors.com.

Michael L. Battles
EVP and Chief Financial Officer
Clean Harbors, Inc.
781.792.5100
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Jim Buckley
SVP Investor Relations
Clean Harbors, Inc.
781.792.5100
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MONTREAL--(BUSINESS WIRE)--$LMR #CSMs--Lomiko Metals Inc. (TSX.V: LMR) (“Lomiko Metals” or “Lomiko”) and Critical Elements Lithium Corporation (TSX-V: CRE) (US OTCQX: CRECF) (FSE: F12) (“Critical Elements” or “CELC”) are pleased to announce the following amendment to the Bourier Lithium Option Agreement. The Bourier lithium project consists of 203 claims for a total ground position of 10,252.20 hectares (102.52 km²) in a region of Quebec that boasts other lithium deposits and known lithium mineralization.

Lomiko’s CEO and Director Belinda Labatte stated: “We are pleased to work with Critical Elements Lithium Corporation team on an amendment of the Option Agreement so we can move forward in 2022 with a thoughtful and focused exploration campaign in a highly prospective lithium district. We are now reviewing the findings from the 2021 exploration program conducted with GoldSpot AI and CELC as we plan our next steps for the spring exploration field program. Preliminary Summer 2021 field exploration results have revealed the discovery of five new sectors of pegmatites, highlighting the potential of the Bourier project. GoldSpot’s AI analysis revealed considerable lithium potential on the property. During this program, a total of 15 high to moderate prospective lithium targets were identified.”

Amendment to the Bourier Option Agreement with CELC

Lomiko and CELC entered into a property option agreement dated April 24, 2021, pursuant to which Lomiko was granted an option to acquire a 70% undivided interest in the Bourier Property. CELC grants to Lomiko the exclusive right and option to acquire, on or before December 31, 2022, an initial 49% earned interest (the “First Option”) in the Bourier Property by issuing to CELC an aggregate of 5,000,000 common shares of Lomiko, by making a cash payment to CELC totaling $50,000, and by incurring or funding exploration expenditures for a total amount of $1,300,000, of which $550,000 must be incurred or funded by no later than December 31, 2021. As of that date, Lomiko had incurred or funded claims fees, management fees and exploration expenditures in the amount of $298,228, an amount which CELC hereby recognizes as forming part of Lomiko’s exploration commitment under the First Option. The Parties have agreed that the exploration shortfall of $251,772 shall be carried forward and added to the exploration expenditures that Lomiko is required to incur or fund under the First Option by no later than December 31, 2022. The parties have also agreed that Lomiko shall advance the exploration expenditures on receipt by Lomiko of an approved exploration campaign program from CELC within a delay of 60 days from the date of such approval.

About Lomiko Metals Inc.

Lomiko Metals has a new vision and a new strategy in new energy. Lomiko represents a company with purpose: a people-first company where we can manifest a world of abundant renewable energy with Canadian and Quebec critical minerals for a solution in North America. Our goal is to create a new energy future in Canada where we will grow the critical minerals workforce, become a valued partner and neighbour with the communities in which we operate, and provide a secure and responsibly sourced supply of critical minerals.

The Company holds a 100% interest in its La Loutre graphite development in southern Quebec. The La Loutre project site is located within the Kitigan Zibi Anishinabeg (KZA) First Nations territory. The KZA First Nations are part of the Algonquin Nation and the KZA territory is situated within the Outaouais and Laurentides regions.​ Located 180 kilometres northwest of Montreal, the property consists of 1 large, continuous block with 48 minerals claims totaling 2,867 hectares (28.7km²). Lomiko Metals published a Preliminary Economic Assessment (“PEA”) on September 10, 2021 which indicated the project had a 15 year mine life producing per year 100,000 tonnes of the graphite concentrate at 95%Cg or a total of 1.5Mt of the graphite concentrate. This report was prepared as National Instrument 43-101 Technical Report for Lomiko Metals Inc. by Ausenco Engineering Canada Inc., Hemmera Envirochem Inc., Moose Mountain Technical Services, and Metpro Management Inc., collectively the Report Authors.

Lomiko is working with Critical Elements Lithium Corporation to earn its 70% stake in the Bourier lithium project, as per an option agreement announced April 27, 2021. The Bourier project site is located near Nemaska Lithium and Critical Elements south-east of the Eeyou Istchee James Bay territory in Quebec which consists of 203 claims, for a total ground position of 10,252.20 hectares (102.52 km2), in Canada’s lithium triangle near the James Bay region of Quebec that has historically housed lithium deposits and mineralization trends.

About Critical Elements Lithium Corporation

Critical Elements aspires to become a large, responsible supplier of lithium to the flourishing electric vehicle and energy storage system industries. To this end, Critical Elements is advancing the wholly owned, high purity Rose lithium project in Quebec. Rose is the Corporation’s first lithium project to be advanced within a land portfolio of over 700 square kilometers. In 2017, the Corporation completed a feasibility study on Rose for the production of spodumene concentrate. The internal rate of return for the Project is estimated at 34.9% after tax, with a net present value estimated at C$726 million at an 8% discount rate. In the Corporation’s view, Quebec is strategically well-positioned for US and EU markets and boasts good infrastructure including a low-cost, low-carbon power grid featuring 93% hydroelectricity. The project has received approval from the Federal Minister of Environment and Climate Change on the recommendation of the Joint Assessment Committee, comprised of representatives from the Impact Assessment Agency of Canada and the Cree Nation Government; The Corporation is working to obtain similar approval under the Quebec environmental assessment process. The Corporation also has a good, formalized relationship with the Cree Nation.

Mr. Mike Petrina, Project Manager, a Qualified Person under National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and approved the technical disclosure in this news release.

For more information on Lomiko Metals, review the website at www.lomiko.com, contact Belinda Labatte at 647-402-8379 or email: This email address is being protected from spambots. You need JavaScript enabled to view it..

For more information on Critical Elements, review the website at www.cecorp.ca, contact Patrick Laperrière at 514-817-1119 or email: This email address is being protected from spambots. You need JavaScript enabled to view it. or Jean-Sébastien Lavallée at 819-354-5146 or email: This email address is being protected from spambots. You need JavaScript enabled to view it..

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. The information in this news release about the Company; and any other information herein that is not a historical fact may be "forward-looking information" (“FLI”). All statements, other than statements of historical fact, are FLI and can be identified by the use of statements that include words such as "anticipates", "plans", "continues", "estimates", "expects", "may", "will", "projects", "predicts", “proposes”, "potential", "target", "implement", “scheduled”, "intends", "could", "might", "should", "believe" and similar words or expressions. FLI in this new release includes, but is not limited to: the Company’s objective to become a responsible supplier of critical minerals, exploration of the Company’s projects, including expected costs of exploration and timing to achieve certain milestones, including timing for completion of exploration programs; the Company’s ability to successfully fund, or remain fully funded for the implementation of its business strategy and for exploration of any of its projects (including from the capital markets); any anticipated impacts of COVID-19 on the Company’s business objectives or projects, the Company's financial position or operations, and the expected timing of announcements in this regard. FLI involves known and unknown risks, assumptions and other factors that may cause actual results or performance to differ materially. This FLI reflects the Company’s current views about future events, and while considered reasonable by the Company at this time, are inherently subject to significant uncertainties and contingencies. Accordingly, there can be no certainty that they will accurately reflect actual results. Assumptions upon which such FLI is based include, without limitation: current market for critical minerals; current technological trends; the business relationship between the Company and its business partners; ability to implement its business strategy and to fund, explore, advance and develop each of its projects, including results therefrom and timing thereof; the ability to operate in a safe and effective manner; uncertainties related to receiving and maintaining exploration, environmental and other permits or approvals in Quebec; any unforeseen impacts of COVID-19; impact of increasing competition in the mineral exploration business, including the Company’s competitive position in the industry; general economic conditions, including in relation to currency controls and interest rate fluctuations.

The FLI contained in this news release are expressly qualified in their entirety by this cautionary statement, the “Forward-Looking Statements” section contained in the Company’s most recent management’s discussion and analysis (MD&A), which is available on SEDAR at www.sedar.com, and on the investor presentation on its website. All FLI in this news release are made as of the date of this news release. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

On behalf of the Board,
Belinda Labatte
CEO and Director, Lomiko Metals Inc.

For investor inquiries, please contact:
Kimberly Darlington
Investor Relations, Lomiko Metals Inc.
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514-771-3398

Free download offers nine steps that utilities can take to embrace grid modernization

OVERLAND PARK, Kan.--(BUSINESS WIRE)--Shifting generation profiles, climate change, aging infrastructure and cybersecurity continue to challenge the reliability and resilience of electric grids around the world. Black & Veatch’s new eBook, Grid Modernization 2022: Reliability and Resilience offers electric utilities a timely and practical guide to the basics of grid modernization and presents a range of solutions to modernize utility grid systems.

America’s power grids are not only breaking down more frequently, but they are doing so in increasingly high-profile manners. In 2020, the U.S. Department of Energy recorded 383 power outages, more than double the number of disturbances in 2017. These disturbances not only cause human suffering, but they are costing the economy between $28 billion and $169 billion annually.

A more modern, resilient and reliable grid is absolutely necessary in today’s rapidly changing energy landscape. The new eBook explores how utilities must think big and small, balancing long-term emissions reduction goals with near-term financial metrics to achieve success. But few are ready when it comes to defining where to start and what approaches to prioritize to accelerate the development of a more flexible, resilient electric grid.

“Megatrends like digitization and decarbonization coupled with the increasing impacts of climate change and cybersecurity risks means that the industry’s core product of providing always-on, dependable electricity services is under serious threat,” said Kevin Ludwig, Grid Solutions Leader, Black & Veatch. “The good news is that our grids can be engineered to handle a wide range of severe conditions and threats as long as grid operators can assess, plan for, and reliably predict the risks.”

The primary drivers of grid modernization are clear: aging infrastructure; increased renewable energy generation; climate change and extreme weather events; the introduction of newer, smarter devices; new and variable customer loads from electric vehicles; and growing cybersecurity threats all present a host of challenges. And with further disruption from renewable energy and electric vehicles on the horizon, the U.S. Infrastructure Investment and Jobs Act is tackling the issue by allocating $65 billion in funds to modernize the nation's electric grids, a windfall that could truly help electric utilities change the game.

Grid Modernization 2022: Reliability and Resilience outlines how, from pragmatic hardening to capital-intensive investments, utilities can approach grid modernization holistically across all assets, integrating plans and departments while remaining agile and keeping pace with ever-changing technology and climate risks.

Editor’s Notes:

• Download your free copy of Grid Modernization 2022: Reliability and Resilience.
• View Black & Veatch’s complete series of eBooks, which examine intelligent transportation systems, zero-emission vehicles, rural broadband, digitally connected communities, electric vehicles and how we are becoming one digital world.

About Black & Veatch

Black & Veatch is an employee-owned global engineering, procurement, consulting and construction company with a more than 100-year track record of innovation in sustainable infrastructure. Since 1915, we have helped our clients improve the lives of people around the world by addressing the resilience and reliability of our most important infrastructure assets. Our revenues in 2020 exceeded US$3.0 billion. Follow us on www.bv.com and on social media.

MELINA VISSAT | +1 303-256-4065 P | +1 617-595-8009 M | This email address is being protected from spambots. You need JavaScript enabled to view it.
24-HOUR MEDIA HOTLINE | +1 866-496-9149

IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation will release fourth quarter 2021 financial results on Tuesday, February 1, 2022. A press release will be issued via Business Wire and available at 6:30 a.m. CT at www.exxonmobil.com.

Darren Woods, chairman and chief executive officer; Kathy Mikells, senior vice president and chief financial officer; and Stephen Littleton, vice president of investor relations and secretary, will review the results during a live, listen-only conference call at 8:30 a.m. CT. The presentation can be accessed via webcast or by calling (888) 596-2592 (United States) or (786) 789-4790 (International). Please reference confirmation code 7785869 to join the call. An archive replay of the call and a copy of the presentation with accompanying supplemental financial data will be available at www.exxonmobil.com/ir.

ExxonMobil Media Relations
(972) 940-6007