Public-private partnership supporting expanded EVgo deployments across the State, including a new large charging hub in LA

LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (NASDAQ: EVGO), the nation’s largest public fast charging network for electric vehicles (EVs) and first powered by 100% renewable electricity, today announced that it was selected for proposed awards for various grants from the California Air Resources Board (CARB) through the Bay Area Air Quality Management District (BAAQMD) to install new high powered direct current fast chargers (DCFC) to help the state meet its transportation electrification goals. The five proposed awards are funded by the California Volkswagen Mitigation Environmental Trust and support the state’s ZEV Action Plan.

Public funding helps accelerate the deployment of infrastructure to support EV adoption. EVgo currently has more than 330 sites and 820 fast charging stalls across California. This new set of sites will add 5 more fast charging locations, 38 charging stalls, including one large site in Los Angeles with 18 charging stalls enabling more retail drivers and fleets around the city to make the transition to electric vehicles. All of these sites will include power-sharing and power-routing 350kW fast chargers, capable of charging most vehicles up to 80% in 15 to 45 minutes*.

“As a home state company, EVgo thanks CARB and BAAQMD for their leadership in supporting EV adoption and for selecting EVgo for these proposed funding awards,” said Jonathan Levy, Chief Commercial Officer at EVgo. “EVgo has a long track record of successfully partnering with public sector agencies to deploy fast charging, and these new sites will help enable Californians across neighborhoods and income levels take advantage of the benefits of driving electric.”

The California Volkswagen Mitigation Environmental Trust, which resulted from the dieselgate scandal, allocated $5 million to fund light duty zero-emission infrastructure. A minimum of 50% of the funds are directed to disadvantaged and low-income communities to expand EV charging access across the state. EVgo has a long history of working to install charging infrastructure across California, including the first chargers in Compton and Inglewood, California, and continues to work with local community-based organizations to ensure equal access to EV charging infrastructure. Currently, more than 80% of Californians live within a 10-mile drive of an EVgo fast charger, ensuring access to a reliable network for the growing number EV adopters in the state.

* Actual charging speed depends on vehicle’s charging capability.

About EVgo

EVgo (Nasdaq: EVGO) is the nation’s largest public fast charging network for electric vehicles, and the first to be powered by 100% renewable energy. With more than 800 fast charging locations, EVgo’s owned and operated charging network serves over 68 metropolitan areas across 35 states and more than 310,000 customer accounts. Founded in 2010, EVgo leads the way on transportation electrification, partnering with automakers; fleet and rideshare operators; retail hosts such as hotels, shopping centers, gas stations and parking lot operators; and other stakeholders to deploy advanced charging technology to expand network availability and make it easier for drivers across the U.S. to enjoy the benefits of driving an EV. As a charging technology first mover, EVgo works closely with business and government leaders to accelerate the ubiquitous adoption of EVs by providing a reliable and convenient charging experience close to where drivers live, work and play, whether for a daily commute or a commercial fleet.

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Remote go-live represents Tideworks’ first fully hosted TOS deployment in the Tideworks Cloud

SEATTLE--(BUSINESS WIRE)--Tideworks Technology Inc. (Tideworks), a full-service provider of comprehensive terminal operating system (TOS) solutions, announced that Port Lafito, managed by the GB Group has implemented Mainsail 10, Tideworks’ marine terminal operating solution. The go-live of Mainsail 10 at Port Lafito is Tideworks’ first fully hosted TOS deployment operating on Amazon Web Services (AWS). Prior to this go-live, Tideworks hosted its TOS in local, private data centers.

Port Lafito is a modern, premier Panamax container port located in Haiti. The terminal went live with Mainsail 10 in spring 2021, replacing Tideworks Mainsail Vanguard that was previously deployed in 2016. Port Lafito also utilizes Tideworks Forecast® web portal, Spinnaker Planning Management System® and EDI Porter.

“The hosted deployment in AWS will allow us to continue supporting Port Lafito’s terminal operations by providing increased access to real-time data and scalable logistics,” said Ignacio Bilbao García, director of business services, Latin America and Caribbean with Tideworks. “We have cultivated a close relationship with the GB Group throughout the years and this deployment represents further collaboration with the port and our commitment to support the Caribbean supply chain.”

Mainsail 10 is a high-performing TOS that enables seamless integrations with third-party systems and access to inventory tools to increase the flow of cargo through terminals. The marine TOS provides interactive search tools and easy user customization for optimized viewing, sorting and sharing functionalities.

Tideworks’ fully hosted deployment of Mainsail 10 at Port Lafito gives terminal operators access to the benefits of a world-class modern TOS that is optimized by the cloud’s capabilities. This includes a streamlined set up, a cloud-hosted portal that does not require additional hardware, scalable reporting and inventory management. Through the solution, Tideworks also provides automatic software upgrades and remote support.

The TOS provider collaborated with key IT and operations managers from the GB Group and Port Lafito during and after the deployment to tailor the solution and optimize the advantages of hosting the application in the Tideworks Cloud.

“Migrating the TOS to the cloud was one of the key components to our overall hybrid cloud strategy,” said Steve Zirilli, chief information officer with GB Group. “We rely on Tideworks to provide a best-in-class TOS that can be scaled to support consistent growth at the terminal. Events in the supply chain have put additional pressure on our existing systems and process in place. Tideworks' deployment of Mainsail 10 has helped us scale and navigate new complexities. As a result, we’ve seen a surge in growth, and operations at Port Lafito are steady. We’ve been able to leverage on-demand information to make more informed decisions and efficiently manage increased throughput.”

Tideworks provided all associated implementation services including co-project management, software customization, configuration and installation, integration services, user training and go-live assistance that allowed Port Lafito to make sure a smooth operational transition to the latest Tideworks TOS. The company will continue providing ongoing maintenance and support services to GB Group, including 24/7 technical support and software upgrades.

About Tideworks Technology

Tideworks is a full-service provider of comprehensive terminal operating system solutions for growing marine and intermodal terminal operations worldwide. The company helps more than 120 facilities run their operations more efficiently and profitably. From optimized equipment utilization to faster turn times, Tideworks works at every step of terminal operations to maximize productivity and customer service. For more information about Tideworks Technology, a Carrix solution, visit www.tideworks.com.

About GB Group

GB Group is a leading, diversified group of industrial and trading companies in the Caribbean, with operations concentrated in Haiti, Dominican Republic, Jamaica, St. Maarten and Panama and offices in the United States. Comprised of 21 companies from seven different divisions including agriculture, construction, consumer goods, infrastructure, energy, logistics and trading, GB Group collaborates with more than 4,000 employees and embraces managers from more than 15 countries company wide. GB Group and its operating companies have strategic alliances and/or partnerships with some of the world’s top business organizations. The company’s current endeavors include the $200 million Lafito Global project, which includes Port Lafito, Haiti’s first Panamax port and a dry terminal in Port of Prince. For more information about Port Lafito, please visit www.portlafito.com.

AnnMarie Carson
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Addition of energy services company adds to Ameresco’s clean-energy pipeline and expands Smart Buildings and Controls offerings.

FRAMINGHAM, Mass.--(BUSINESS WIRE)--#carbonreduction--Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced that it has acquired Plug Smart, an Ohio-based energy services company that specializes in the development and implementation of budget neutral capital improvement projects including building controls and building automation systems. With this acquisition, Ameresco expands its existing pipeline and solution offerings in the smart buildings sector.

Plug Smart was formed in 2008 and has been providing smart building solutions through a customer-focused approach for the government, university, school, healthcare and commercial markets with a strong regional presence in Ohio, Michigan, Kentucky, Tennessee, Pennsylvania and Florida. Through a customer-focused approach, Plug Smart has specialized in creating budget neutral funding opportunities for customers along with providing them with insights into pricing and ROI before, during and after project implementation. Plug Smart’s proven experience in building controls and smart building solutions compliments Ameresco’s approach to customizing energy solutions to best-fit our customer’s needs.

“Mergers and acquisitions continue to be an important component to our growth strategy, and we are thrilled to welcome Plug Smart into the Ameresco family. With the addition of the Plug Smart team’s capabilities, we will be better equipped to implement cutting-edge smart building technologies,” said George Sakellaris, President and CEO, Ameresco. “We are excited to collaborate and continue to expand our market share with the addition of this proven team with deep technical expertise.”

“We founded and built Plug Smart to serve customers with an unbiased approach towards energy efficiency and open architecture building automation and controls solutions,” said Rich Housh, founder and former CEO, Plug Smart. “Ameresco shares our passion for customer service while providing greater depth and breadth of complementary expertise that we can now offer our customers.” Mr. Housh will continue as a consultant with Ameresco after the transaction.

The Plug Smart team will join Ameresco’s employee base of over 1,000 people and will directly benefit from the ability to conduct projects across a broad solution portfolio, leveraging Ameresco’s capabilities in street lighting, solar PV arrays, battery energy storage systems, microgrids and more. The integration of smart building solution expertise directly serves Ameresco’s vision of offering tailored and innovative energy solutions to customers while growing expertise through expanding their teams of deep technical specialists.

“The integration of deep expertise from the Plug Smart team will provide extensive benefit to both our current customers and the next evolution of Ameresco’s smart building solutions offerings,” said Lou Maltezos, Executive Vice President, Ameresco. “Our complimentary approach to customer-first, best-in-class solution configuration make this a win-win for both companies.”

“I’m very excited to continue leading the Plug Smart team as part of Ameresco,” said Dave Zehala, former President of Plug Smart, now Vice President and General Manager of Smart Building Solutions at Ameresco. “By joining with a recognized leader in the energy services space we can take the business to the next level and provide more comprehensive and innovative smart building solutions to the market.”

Financial terms of the transaction are undisclosed, though Ameresco does not anticipate that the acquisition will have a material impact on the 2021 financial results of the company.

To learn more about Ameresco and the company’s clean energy solutions, visit www.ameresco.com.

About Ameresco, Inc.

Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading cleantech integrator and renewable energy asset developer, owner and operator. Our comprehensive portfolio includes energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions delivered to customers throughout North America and the United Kingdom. In support of our customers pursuit of Net Zero, our sustainability services include upgrades to a facility’s energy infrastructure and the development, construction, and operation of distributed energy resources. Ameresco has successfully completed energy saving, environmentally responsible projects with Federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, MA, Ameresco has more than 1,000 employees providing local expertise in the United States, Canada, and the United Kingdom. For more information, visit www.ameresco.com.

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The ship is now being equipped with NEC technology which will aid in its efforts to provide essential healthcare in Africa

CHICAGO--(BUSINESS WIRE)--#avtweeps--Sharp NEC Display Solutions, a global leader in the projector and display market, shares in the excitement of the anticipated launch of the Global Mercy®, the newest vessel from Mercy Ships. Sharp/NEC first joined forces with Mercy Ships through an equipment donation in 2017, which included the latest in large format displays, computer monitors, and projectors. Now armed with vital equipment that will aid in its mission, the ship has arrived in Antwerp, Belgium where the equipping and installation of communication and healthcare technology is taking place.

Mercy Ships is an international faith-based organization that uses hospital ships to perform life-changing surgeries and seeks to help build long-term healthcare capacity and systems in the nations it serves. The Global Mercy is the world’s largest civilian-owned purpose-built hospital ship, with the ability to more than double the surgical and training abilities of Mercy Ships, and is designed to carry out world-class, transformative medical care.

In addition to monitors and projectors to be installed throughout the ship, Sharp/NEC’s equipment donation also included a wall of displays in the simulation training room, a tool that will assist in providing essential education for nurses, doctors, surgeons, and other healthcare providers around the world.

In the summer of 2021, representatives from Mercy Ships celebrated the transfer of the newly constructed hospital ship from shipyard to owners. A significant milestone for Mercy Ships, this event marked the end of the ship’s construction and its readiness to sail onward to the equipping phase. Once fully equipped, the Global Mercy will set to sail to its first stop in Senegal in early 2022.

For more information on Sharp NEC Display Solutions, visit www.sharpnecdisplays.us. For more information on Mercy Ships and the Global Mercy visit https://www.mercyships.org/.

About Sharp NEC Display Solutions of America, Inc.

Sharp NEC Display Solutions of America, Inc. is the leading global provider of professional and commercial visual technology and digital signage solutions, wholly owned by Sharp NEC Display Solutions, Ltd. Sharp NEC Display offers one of the broadest visual solutions portfolios in the industry, innovating in LCD displays, lamp and laser projectors, dvLED, 8K and 5G technology, collaboration solutions, calibration tools, IoT and AI driven analytics. Sharp NEC Display is a trusted name and a total solutions provider with strong ties to industry partners, and has a reputation for quality, reliability, and industry-leading customer support with a range of professional service offerings. Serving a wide variety of markets, the organization’s expertise spans retail, enterprise, education, entertainment, transportation, energy and utility, and more. For more information, please visit www.sharpnecdisplays.us. Follow us on our social media channels: Facebook, Instagram, YouTube, Twitter and LinkedIn.

About Mercy Ships

Mercy Ships uses hospital ships to deliver free, world-class healthcare services, capacity building, and sustainable development to those with little access in the developing world. Founded in 1978 by Don and Deyon Stephens, Mercy Ships has worked in more than 55 developing countries, providing services valued at more than $1.7 billion and directly benefitting more than 2.8 million people. Our ships are crewed by volunteers from over 60 nations, with an average of over 1200 volunteers each year. Professionals including surgeons, dentists, nurses, healthcare trainers, teachers, cooks, seamen, engineers, and agriculturalists donate their time and skills. With 16 national offices and an Africa Bureau, Mercy Ships seeks to transform individuals and serve nations one at a time. For more information click on www.mercyships.org

Colleen Rooney Heltemes
Tech Image for Sharp NEC Display Solutions
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Joint point-to-point encryption (P2PE) security offering to help protect customer credit and debit card data at the pump

MIAMI & AUSTIN, Texas--(BUSINESS WIRE)--ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time digital payment software, and Dover Fueling Solutions (DFS), a leading developer of advanced customer-focused technologies, services and solutions for the fuel and convenience industries, today announced their collaboration on a point-to-point encryption (P2PE) data security offering. This will increase protection for consumers’ credit and debit cards at fueling dispensers, significantly reducing the risks of costly data breaches for these merchants.

ACI and DFS jointly serve some of the world’s largest merchants that process fueling and car wash transactions, and with the recent liability shift in the U.S., these vendors require increased security measures. Beyond EMV, this includes P2PE, which will further secure card data at a critical potential breach point during payment processing. The DFS solution leverages Wayne^® RSA encryption as an acquirer, PIN Entry Device and point of sale-agnostic solution that can be implemented for fuel convenience retailers’ forecourt transactions. The solution works to secure payments on DFS hardware in a variety of set ups—whether the customer uses the card reader or a contactless TAP reader with their card or mobile wallet.

The joint solution focuses on encrypting PCI cardholder data immediately at the point of interaction, and it protects the data from the point it is entered to the point it is decrypted at the payments platform. This technology protects sensitive data from skimmers, network sniffers, malware and other threats on both internal and external networks. P2PE is foundational in securing a payments network.

“Now more than ever, it’s imperative for fuel retailers to have fully secured, simple and scalable payment solutions and P2PE is how we can best provide this support to our customers,” said Matt Tormollen, vice president and general manager of global solutions, DFS. “We’re excited to collaborate with an industry leader like ACI for connected commerce solutions that protect consumers at the pump and lessen cybersecurity risk and data breaches for our fuel and convenience retailers.”

“Merchants with fuel dispensers are looking for a solution that allows them to innovate and create unique customer journeys at the forecourt, while keeping sensitive card holder data safe via a P2PE solution,” said Debbie Guerra, head of merchant, ACI Worldwide. “Our strategic relationship and the new P2PE integration we are bringing with Dover Fueling Solutions delivers a secure, agnostic payment solution that addresses these needs along with the EMV liability shift.”

About ACI Worldwide

ACI Worldwide is a global software company that provides mission-critical real-time payment solutions to corporations. Customers use our proven, scalable and secure solutions to process and manage digital payments, enable omni-commerce payments, present and process bill payments, and manage fraud and risk. We combine our global footprint with local presence to drive the real-time digital transformation of payments and commerce.

About Dover Fueling Solutions

Dover Fueling Solutions, part of Dover Corporation, comprises the product brands of Wayne Fueling Systems, OPW Fuel Management Systems, ClearView, Tokheim, ProGauge and Fairbanks, and delivers advanced fuel dispensing equipment, electronic systems and payment, automatic tank gauging and wetstock management solutions to customers worldwide. Headquartered in Austin, TX, DFS has a significant manufacturing and technology development presence around the world, including facilities in Brazil, China, India, Italy, Poland, the United Kingdom and the United States. For more information about DFS, visit www.doverfuelingsolutions.com.

© Copyright ACI Worldwide, Inc. 2021

ACI, ACI Worldwide, the ACI logo, ACI Universal Payments, UP, the UP logo and all ACI product/solution names are trademarks or registered trademarks of ACI Worldwide, Inc., or one of its subsidiaries, in the United States, other countries or both. Other parties' trademarks referenced are the property of their respective owners.

© 2021 Dover Fueling Solutions. All rights reserved. DOVER, the DOVER D Design, DOVER FUELING SOLUTIONS, and Wayne are trademarks of Delaware Capital Formation, Inc./Dover Corporation, Dover Fueling Solutions UK Ltd. and their affiliated entities, registered or claimed in the United States and various other countries. EMV is a registered trademark of EMVCo, LLC.

ACI Worldwide
Dan Ring
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Jocelyn Sexton
Director, Global Marketing Communications
Dover Fueling Solutions
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MONTREAL--(BUSINESS WIRE)--$LMR #CSMs--Lomiko Metals Inc. (TSX-V: LMR, OTC: LMRMF, FSE: DH8C) ("Lomiko Metals” or the “Company”) is pleased to announce that on December 6, 2021 it held its Annual General and Special Meeting of Shareholders (the “Meeting”). A total of 75,146,069 common shares (31.56% of the outstanding common shares) were represented at the Meeting in person or proxy.

At the first meeting of the newly constituted Board of Directors held immediately after the Meeting, Belinda Labatte was elected to serve as Chief Executive Officer and Director, Gordana Slepcev as Chief Operating Officer and Vince Osbourne as Chief Financial Officer until the next annual general meeting of the Company. The Board also elected Sagiv Shiv to serve as the Company’s Audit Committee Chair until the next annual general meeting of the Company.

Belinda Labatte, CEO and Director, said: “I am pleased to announce our board of directors renewal process is now complete. Our board represents a diverse and experienced group of professionals with Ms. Anu Dhir appointed as Lead Independent Director, A. Paul Gill continuing in his role as Executive Chair and Mr. Sagiv Shiv serving as Chair of the Audit Committee. Together with this board of directors who represent First Nations, Indigenous, Quebec and Canadian values and interests, we are creating a new energy future in Canada by building a meaningful portfolio of critical minerals assets. We are committed to advancing our graphite project La Loutre from PEA ('Preliminary Economic Assessment') to PFS ('Preliminary Feasibility Study') in 2022 and look forward to working with all our stakeholders on the improvement and de-risking of this project through an exploration campaign, metallurgical, engineering and environmental baseline studies. We will provide updates as we advance these studies in the new year.”

1. The Number of Directors

The number of Directors to be set at seven (7) was approved by a resolution passed by a vote by ballot with 59,633,336 (98.28%) total votes cast “FOR” and 1,040,547 (1.71%) votes cast “AGAINST”.

2. Election of Directors

Each of the following individuals was elected as directors of the Company as approved by a vote by ballot, for a term expiring at the conclusion of the next annual meeting of shareholders of the Company or until their successors are elected or appointed, as follows:

3. Appointment of Auditor

The appointment of Dale Matheson Carr-Hilton Labonte LLP, Chartered Professional Accountants, as the auditors of the Company, and the authorization for the directors to fix the remuneration to be paid to the auditors, was approved by a resolution passed by a vote by ballot, with 75,050,235 (99.87%) total votes cast “FOR” and 95,834 (0.12%) total votes “WITHHELD”.

4. 2021 Omnibus Incentive Plan

The 2021 Omnibus Incentive Plan was approved by a resolution passed by a vote by ballot with 58,993,551 (97.23%) total votes cast “FOR” and 1,680,432 (2.77%) total votes cast “AGAINST”.

5. Approval to the Extension of Closing the Sale of the Company’s Subsidiary– Special Resolution

The approval to the extension of the closing date of the sale of the Company’s wholly-owned subsidiary in accordance with the Business Corporations Act (BC) to Prometheus Technologies Inc was approved by a special resolution passed by a vote by ballot, with 60,621,629 (99.91%) total votes cast “FOR” and 52,254 (0.08%) total votes cast “AGAINST”. The resolution was a non-arm’s length transaction.

Interested shareholders can view the Company’s Investor presentation which was recorded at the AGM at the following link: https://lomiko.com/agm-materials/

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. 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.

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..

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.

Belinda Labatte
647-402-8379
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• Order for high-efficiency gas turbines & compressors for main refrigerant train
• Pluto Train 2 will have a capacity of approximately 5 million tons per annum of LNG production
• Agreement builds on Baker Hughes’ 30+ year relationship with Woodside on LNG projects

HOUSTON & LONDON--(BUSINESS WIRE)--Baker Hughes (NASDAQ: BKR) has been awarded a contract by Bechtel to provide high-efficiency gas turbines and centrifugal compressors to support the expansion of the Pluto LNG onshore processing facility in Western Australia, which is operated by Woodside. The construction of Pluto LNG’s second train (“Pluto Train 2”) builds on Baker Hughes’ existing technology supply for Pluto LNG’s first train, which has been in operation since 2012, and further expands Baker Hughes’ global turbomachinery fleet in LNG operations.

Pluto Train 2, using Baker Hughes’ proven technology, will be one of the most efficient LNG trains in Australia with an expected capacity of approximately 5 million tons per annum (mtpa). Pluto Train 2 will process natural gas from the nearby offshore Scarborough field, which contains only around 0.1% carbon dioxide. This makes it an attractive option for Woodside’s major LNG customers seeking reliable, affordable and lower-carbon energy to meet demand and support their countries’ decarbonization goals.

Baker Hughes’ scope of supply includes six LM6000PF+ aeroderivative gas turbines and 14 centrifugal compressors for the main refrigerant train, as well as one gas turbine generator in addition to the existing Train 1 power system. The LM6000PF+ turbine is highly-efficient, cost-effective and flexible in operation, maximizing efficiency and helping to lower greenhouse gas emissions.

“This latest order builds on our longstanding relationship with Woodside dating back to 1989, when we first started partnering in pioneering LNG solutions for natural gas supply,” said Rod Christie, executive vice president of Turbomachinery & Process Solutions at Baker Hughes. “Our state-of-the-art technology combined with Woodside’s commitment to supplying lower carbon intensity liquefied natural gas shows how we can responsibly provide secure energy together. Pluto Train 2 will be critical for the energy transition, supporting the strong demand for natural gas and the need for increasingly efficient, safe and reliable LNG operations.”

Packaging of the turbine/compressor train, a unique Baker Hughes offering, manufacturing of compressors and testing of the trains will take place at Baker Hughes’ facilities in Florence and Massa, Italy. Baker Hughes LNG turbomachinery equipment is installed at 50 LNG plants in operation around the world, driving more than 420 MTPA of global LNG installed capacity.

About Baker Hughes

Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions for energy and industrial customers worldwide. Built on a century of experience and with operations in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.

About Pluto LNG and Pluto Train 2

Pluto LNG is an onshore LNG processing facility located near Karratha in the north-west of Western Australia. First cargo from the single-train facility was delivered in 2012.

Expansion of Pluto LNG will include the construction of Pluto Train 2, associated domestic gas processing facilities, supporting infrastructure and modifications to Pluto Train 1 to allow it to process Scarborough gas. Bechtel has been selected as the EPC contractor for Pluto Train 2 and integration into existing Pluto LNG facilities.

Final investment decisions on Scarborough and Pluto Train 2 Developments were announced by the respective joint ventures on 22 November 2021.

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NOLA Oil Terminal marks largest bond awarded by Port of Plaquemines in over 50 years

MYRTLE GROVE, La.--(BUSINESS WIRE)--NOLA Oil Terminal, LLC announced today that it has begun construction on phase one of an oil and refined products terminal project in Plaquemines Parish, Louisiana, occupying 158 acres located at Mile Marker 59 on the lower Mississippi River. The $300 million wharf and dock bond funding for this project was approved in summer 2021 and marks the largest bond issue approved by the Port of Plaquemines in over 50 years. NOLA Oil Terminal will be the first of its kind in the region, allowing Mississippi River access for much larger vessels, such as the New-Panamax* and the Suezmax.**

NOLA Oil Terminal in total is a $930 million dollar project. The initial water-side phase of the project includes two deep water berths for these tankers and one barge dock. These two berths will be capable of mooring 170,000-ton vessels. The barge dock will serve both inland and oceangoing tank barges. Land-side construction constitutes the second phase of the project.

NOLA Oil Terminal was founded in 2013 by two entrepreneurs: COO Christian Amedee and Principal Engineer Roy M. Carubba, PE. Amedee explains that this project, when completed, will be the newest state-of-the-art facility along the lower Mississippi River and is poised to add further value by offering blending, storing, and transferring needs with a superior geographical location. It is these factors, among others, which make NOLA Oil Terminal an attractive investment.

“Crude oil and clean petroleum products such as gasoline, diesel, and jet fuel are significant trade products for Louisiana, but we aren’t able to take advantage of the larger vessels,” says Amedee. “That changes today. This terminal will be the first in the area to be able to accommodate vessels which currently are too large and deep to dock in the Mississippi River or in most Gulf of Mexico and Eastern Seaboard ports. The positive impact on Louisiana’s economy will be immense.”

According to Benny Rouselle, former president of Plaquemines Parish and former chairman of the Port of Plaquemines, “This boost to our economy couldn’t come at a better time, and NOLA Oil Terminal represents the kinds of projects Plaquemines Parish is looking for. Not only will this flagship be an economic driver for the Parish, but it will also put us on the map as the first deep water wharf able to accommodate these massive tankers, signaling a bright economic future for Plaquemines Parish.”

Once completed and operational, Amedee explains that NOLA Oil Terminal will be able to accommodate up to six tankers each week. The completed structure, which is phase two, is expected to have a storage capacity as high as 10 million barrels.

In addition to opening new channels to import and export crude oil and other clean petroleum products, NOLA Oil Terminal expects to create over 1,000 construction jobs through completion of phases one and two. Additionally, the completed terminal is expected to sustain from 30 to 40 permanent jobs in Plaquemines Parish. Phase one, the wharves and docks, is projected to be completed in mid-2022. All required permits are in place, and site preparation including site clearing, open channel drainage, construction access roadways, geotechnical investigations and pile load tests, and environmental studies is completed. Phase two, the land-side section, is in the development phase.

For more information on NOLA Oil Terminal, visit nolaoil.com.

*The general characteristics of New-Panamax, which are the largest vessels able to transit the Panama Canal locks, are 1,201-foot length, 160-foot beam, 190-foot height, 50-foot draft, 120,000 DWT (deadweight tonnage), and 14,000 TEU (twenty-foot equivalent unit).

**The general characteristics of Suezmax, which are the largest vessels to transit the Suez Canal, are maximum 1,300-foot length, maximum 254-foot beam, maximum 223-foot height, maximum 66-foot maximum draft, maximum 200,000 DWT, and 12,000 TEU.

NOLA Oil Terminal, founded in 2013 by Christian Amedee and Roy Carubba, is a fully permitted construction project in Plaquemines Parish, LA. The company is developing a world class, designed, engineered, bid and shovel-ready crude oil pipeline, ship, and barge dock system with options to add refined products and a 10-million-barrel storage facility at Mile Marker 59 in the Lower Mississippi River.

Media Contact:
Suzanne Whitaker
(504) 722-3511
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HOUSTON--(BUSINESS WIRE)--Enterprise Products Partners L.P. (NYSE: EPD) announced today it will host investor meetings at the Wells Fargo Virtual Midstream, Utility & Renewables Symposium on Wednesday, December 8, 2021 and Thursday, December 9, 2021.

The latest investor deck, which may be used to facilitate investor meetings, can be accessed under the Investors tab on the Enterprise website.

Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Services include: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage and marine terminals; crude oil gathering, transportation, storage and marine terminals; petrochemical and refined products production, transportation, storage, and marine terminals; and a marine transportation business that operates on key U.S. inland and intracoastal waterway systems. The partnership’s assets include approximately 50,000 miles of pipelines; 260 million barrels of storage capacity for NGLs, crude oil, refined products and petrochemicals; and 14 billion cubic feet of natural gas storage capacity. Please visit www.enterpriseproducts.com for more information.

Randy Burkhalter, Investor Relations, (713) 381-6812 or (866) 230-0745, This email address is being protected from spambots. You need JavaScript enabled to view it.
Rick Rainey, Media Relations, (713) 381-3635, This email address is being protected from spambots. You need JavaScript enabled to view it.

Most decision-makers believe their organizations, or those they invest in, are prepared to achieve emission-reduction goals

HOUSTON--(BUSINESS WIRE)--#Biomass--In the face of overwhelming and existential challenges, a strong majority of energy industry leaders are willingly embracing work toward decarbonization while they simultaneously adopt a forward-looking and optimistic perspective on the energy transition, according to Womble Bond Dickinson’s 2022 Energy Transition Outlook Survey Report.

The Energy Industry Supports the Clean Energy Transition

The survey, which was completed by 170 executives and investors across the energy industry, provides insight and inside perspective on the many complex and nuanced issues involved in transitioning the global economy out of its current reliance on fossil fuels. In a sign of the times, most executives (73%) and investors (70%) say that their organizations or those in which they invest are either very prepared or moderately prepared to achieve more than a 50% reduction in carbon emissions by 2030. The data show even stronger values related to reduction of methane emissions by 2030 (77% for executives and 71% investors).

“Five years ago, it would have been difficult to believe that three-quarters of energy executives would feel this well-prepared for carbon and methane reductions – and that investors would feel the same way about their portfolio companies,” said Womble Bond Dickinson partner and Energy and Natural Resources (ENR) sector co-lead Jeff Whittle. “The industry is clearly looking long-term and sees its future as having a very different shape from what it is today.”

In addition, 77% of industry executives reported that they were already focusing on or considering carbon-neutrality measures and they expressed a relatively equal embrace for pollution-neutrality (79%). Overall, the survey’s findings paint a fascinating snapshot of where the energy transition stands as 2021 draws to a close and suggest that energy leaders do not see an inherent conflict between climate goals and the long-term success of their businesses.

Mixed Perspectives on Biden Administration’s Policies and Goals

Most executives (70%) and investors (78%) view the Biden Administration’s climate policies as favorable to their businesses and business opportunities. This data indicates that energy industry leaders value federal guidelines and initiatives supportive of definitive strategies for investment in the transition and for the achievement of net zero goals.

“The fact that the new administration is prioritizing these efforts is seen as a welcome change in contrast to the hesitancy of the previous administration to embrace climate initiatives,” said Womble Bond Dickinson partner and ENR sector co-lead Lisa Rushton. “Many in the industry likely see the potential for big returns, whether they’re utility companies already betting on solar and wind or upstream players who see potential in hydrogen and other longer-term plays.”

Despite a comfort with the administration’s plans, almost half (49%) of those surveyed believe that the Biden Administration’s announced goal of decarbonizing the power sector by 2035 will not be met. One-third (32%) believe that it will and 20% are unsure.

Hydrogen, Biomass and Geothermal Becoming Bigger Pieces of the Puzzle

In reflecting on their status with regard to various renewable energy sources, respondents are actively operating, investing in, or researching a range of established technologies, with solar (50%) topping the list, followed by geothermal (39%), hydro (37%) and wind (34%). Roughly one-third are active in biofuel/biomass (34%) and hydrogen (31%), but 8 in 10 said they are either active in, planning for, or considering these areas as future energy sources.

“The fact that the data did not identify any clear areas of early concentration in newer technologies suggests that the industry is hedging its bets across many fronts,” said Womble Bond Dickinson partner and ENR sector co-lead Belton Zeigler. “At the same time, it is surprising to see the amount of activity in hydrogen – which is relatively new to the party – and geothermal, which has been something of sleeper to date.”

The most appealing growth opportunities in the eyes of executives were identified as battery storage (69%), hydrogen (67%), energy efficiency improvements (58%), and electrification (56%). Furthermore, industry executives identified hydrogen (38%) as the technology for which research and development is most important, followed by biofuels/biomass (29%) and geothermal (27%)

Carbon capture and sequestration was not seen as a leading technology by respondents as far their own operations. Only about 1 in 5 of those who said they were prepared at some level to reduce more than 50% of their methane and carbon emissions by 2030 said the technology was part of their plans – which is consistent with the expense and complexity of the technology, as well as the number of high-profile projects that have failed in the past.

ESG Mindset in Its Early Days, But Growing

Leaders in the energy sector, while further along than many other sectors, remain in the early stage of implementation when it comes to environmental, social and governance (ESG) policies. There is intense scrutiny in this sector, more than any other, and a major obstacle in the United States remains the lack of any consistent standards.

However, there is clear investor focus on ESG, with 76% of those surveyed saying that it is at least a moderate consideration in evaluating energy investments and 85% saying their focus on ESG in investments will increase at least slightly in the next two years. As noted in the firm’s recent article on ESG, “a lack of ESG strategy will ultimately affect a company’s access to public, and increasingly private, capital.” Regardless of the drivers, ESG has certainly played, and will continue play, a material role in accelerating the world’s transition to green(er) energy.

Womble Bond Dickinson’s 2022 Energy Transition Outlook Survey Report was completed by 170 decision-makers in the energy industry, including C-suite executives (32%), investors (29%), business or operations managers (7%) and in-house legal counsel (29%). Respondents represent a broad spectrum of energy industry sub-sectors including oil and gas, power and renewables, and mining and minerals. To read the complete report and methodology, please click here.

About Womble Bond Dickinson

Womble Bond Dickinson is a transatlantic law firm with more than 1,100 lawyers based in 26 U.K. and U.S. office locations serving clients across every business sector. The firm provides core legal services including: Commercial, Corporate, Employment, Pensions, Dispute Resolution, Litigation, Finance, Banking, Restructuring, Insolvency, I.P., Technology and Data, Private Wealth, Projects, Construction and Infrastructure, Real Estate and Regulatory Law.

"Womble Bond Dickinson," the "law firm" or the "firm" refers to the network of member firms of Womble Bond Dickinson (International) Limited, consisting of Womble Bond Dickinson (U.K.) LLP and Womble Bond Dickinson (U.S.) LLP. Each of Womble Bond Dickinson (U.K.) LLP and Womble Bond Dickinson (U.S.) LLP is a separate legal entity operating as an independent law firm. Womble Bond Dickinson (International) Limited does not practice law. Please see www.womblebonddickinson.com/us/legal-notice for further details.

Alexandra Orr
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This year’s event will provide the latest updates in new and existing research projects, providing critical tools and guidance for the cloud-adopting community

SEATTLE--(BUSINESS WIRE)--#RSAC--The Cloud Security Alliance (CSA), the world’s leading organization dedicated to defining standards, certifications, and best practices to help ensure a secure cloud computing environment, today announced that registration has opened for its upcoming CSA Research Summit at RSAC 2022. The event, being held in conjunction with the 2022 RSA Conference on February 7 at the Moscone Center in San Francisco, will showcase the research projects that will define cloud security for years to come.

“For over a decade, the Cloud Security Alliance Summit has been a Monday fixture at the RSA Conference, providing a look ahead at the important trends in cloud and cybersecurity for the coming year. We are proud to be back in person with a special event showcasing the research projects that will define cloud security for years to come,” said Jim Reavis, co-founder and CEO, Cloud Security Alliance. “2022 is commencing with cloud finally entrenched as the primary IT system worldwide and cloud security now the foundation of cybersecurity programs. The CSA Research Summit will provide the latest updates in new and existing research projects, providing critical tools and guidance for the cloud adopting community.”

Featured sessions from key CSA working groups will cover topics such as Zero Trust, top threats in the cloud, vulnerabilities identification and disclosures, cloud key management, and C-suite cloud strategies. including:

• Policy Development and Business Alignment for Cloud. Speakers: Jon-Michael Brook, Ed Hagopian, Sean Heide. This discussion will show the usage of the enterprise architecture to cover key areas of cloud, as well as utilizing the Cloud Controls Matrix (CCM) and Consensus Assessment Initiative Questionnaire (CAIQ) to build out appropriate controls within policy.
• Zero Trust: What it is, what it isn’t. Speakers: Jason Garbis, Junaid Islam. This presentation will examine Zero Trust and present and future approaches to this network security concept, along with the importance of identity within the construct of Zero Trust.
• Pillars for Practical Implementation of Secure DevOps. Speaker: Sam Sehgal. In this session, we will provide an overview of the research from Cloud Security Alliance’s DevSecOps Working Group. From collective responsibility to automation, researchers will discuss the recommendations from CSA’s Six Pillars of DevSecOps whitepaper series and the current state of security within cloud application development.
• Cloud Dev Wars: Serverless vs Containers & Microservices. Panel Speakers: Anil Karmel, Vishwas Manral, Aradhna Chetal. A combination of serverless functions, application containers and other microservices are rapidly becoming the foundation of cloud application development and the successor to virtual machines. In this session, researchers from multiple CSA working groups will compare and contrast these tools, articulate the unique security concerns of each, and provide guidance for security strategies encompassing all of these environments.
• Top Threats- Survey Report. Speakers: Sean Heide, Jon-Michael Brook. The final copy of the Top Threats survey report and note findings will be introduced for this session.
• Global Security Database (GSD) - A New CSA Working Group. Speaker: Josh Bressers. In this session, Cloud Security Alliance researchers will discuss the latest developments from our new GSD working group, which is chartered to identify and understand the problems around vulnerability discovery, reporting, publication, tracking, and classification.
• Taking Control of Your Enterprise's IoT Security. Speaker: Brian Russell. This presentation will cover the CSA IoT Security Control Matrix and how enterprise organizations can tailor it to their unique risk profiles, leverage the matrix to create or update an Enterprise IoT Security Architecture, and how it can be applied across different industries, including manufacturing, health care operations, and transportation.
• Cloud Security in the Quantum Era: Getting ready for Y2Q. Speaker: Bruno Huttner. Attendees will get an overview of the quantum computer and quantum threat, as well as possible solutions some of which are based on new algorithms, known as quantum-resistant algorithms.
• Guidance from Health Information Management (HIM) Publications. Speakers: Jim Angle, Vince Campitelli. This session will use papers from the HIM Working Group as an outline for providing guidance that can benefit healthcare delivery organizations, medical officials and professionals, and patients.
• CxO Trust Initiative: Research for the C-Suite. Speakers: Vinay Patel, Illena Armstrong, John Yeoh. This session will give an overview on some of the research ideas and strategies from the CxO Trust Advisory Council, which includes personal identifiable information (PII) in the cloud, SaaS provider security, Zero Trust models, cross-cloud-platform security strategy, security operations and response, confidential computing, regulatory compliance, and cloud expertise, among others.

Space is limited and interested parties are encouraged to register today.

About Cloud Security Alliance

The Cloud Security Alliance (CSA) is the world’s leading organization dedicated to defining and raising awareness of best practices to help ensure a secure cloud computing environment. CSA harnesses the subject matter expertise of industry practitioners, associations, governments, and its corporate and individual members to offer cloud security-specific research, education, training, certification, events, and products. CSA's activities, knowledge, and extensive network benefit the entire community impacted by cloud — from providers and customers to governments, entrepreneurs, and the assurance industry — and provide a forum through which different parties can work together to create and maintain a trusted cloud ecosystem. For further information, visit us at www.cloudsecurityalliance.org, and follow us on Twitter @cloudsa.

ZAG Communications for the CSA
Kristina Rundquist
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NEW YORK--(BUSINESS WIRE)--#KBRA--Kroll Bond Rating Agency (KBRA) releases research that discusses how waterway modifications at seaports may have exacerbated coastal flooding in their surrounding areas and how ports and nearby public stakeholders are investing in resilience against flooding, sea level rise, and severe storms.

Click here to view the report.

About KBRA

KBRA is a full-service credit rating agency registered in the U.S., the EU, and the UK, and is designated to provide structured finance ratings in Canada. KBRA’s ratings can be used by investors for regulatory capital purposes in multiple jurisdictions.

Paul Kwiatkoski, Managing Director
+1 (646) 731-2387
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Yang Li, Associate Director
+1 (646) 731-1216
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Business Development Contacts

Bill Baneky, Managing Director
+1 (646) 731-2409
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James Kissane, Senior Director
+1 (213) 806-0026
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Unsurpassed price to performance in inertial measurement and navigation systems

PAEONIAN SPRINGS, Va.--(BUSINESS WIRE)--#AHRS--Inertial Labs, an industry leading developer and supplier of orientation, inertial navigation, and optically enhanced sensor modules has acquired MEMSENSE, a developer of inertial measurement units that lead the market in performance and value.

Inertial Labs and MEMSENSE have an experienced and talented workforce to address the rapidly evolving needs of customers globally. The combined company of more than 100 employees and 500 customers expects to introduce breakthrough technologies at an accelerated pace across high-value areas such as autonomous vehicles, GPS-denied navigation, industrial machines, and aerospace & defense. In addition, Inertial Labs and MEMSENSE have a strong balance sheet to support critical business initiatives, deliver with short product lead times, and the ability to invest in promising integrations.

“Our strategic acquisition of MEMSENSE brings together two high growth companies with proven performance in solving some of the world’s most difficult stabilization and navigation problems.” said Jamie Marraccini, President and CEO of Inertial Labs. “Our customers will benefit from our combined capabilities and resources.”

"As we move forward, Inertial Labs and MEMSENSE will define the future of MEMS IMUs,” said James Brunsch, CEO of MEMSENSE. “Our focus on innovation, our world-class team, and our strength in customer collaboration allow us to deliver the exact specs needed by our customers."

This strategic combination results in current and future customers receiving the following benefits:

• Increased production capabilities of up to 50,000 units annually in order to meet the needs of larger Aerospace & Defense contracts for guidance and navigation applications;
• Low-cost, consumer-grade IMUs; ruggedized industrial-grade models; affordable tactical-grade IMUs and finally Inertial Measurement Units with near-FOG level of performance (0.1 deg/h bias instability);
• A larger range of devices for Unmanned Ground Vehicles (UGV); Unmanned Aerial Vehicles (UAV); Autonomous and Automated Ground Vehicles (AGV);
• Expanded R&D efforts to accelerate delivery of Inertial Measurement Units for stabilization applications like Electro-Optical Systems, Pan and Tilt platforms, and Remote Weapon Stations (RWS);
• New IMU models with improved performance will increase capabilities of the Inertial Labs – GPS-Aided Inertial Navigation Systems (INS), Wave Sensors, Motion Reference Units (MRU) and Attitude Heading Reference Systems (AHRS);
• To complete development of new high-performance systems including a MEMS-based gyro-compasses (3 MILS Azimuth and 1 MIL Elevation accuracy).

About Inertial Labs

Established in 2001, Inertial Labs is the leader in position and orientation technologies for both commercial/industrial and aerospace/defense applications. With a worldwide distributor & representative network covering 20+ countries across 6 continents, a standard product offering that spans from Inertial Measurement Units (IMU) up to full GPS-Aided Inertial Navigation Systems (INS), and an application breadth that covers Land, Air, and Sea; Inertial Labs covers the gambit of inertial technologies.

About MEMSENSE

Founded in 2004, MEMSENSE quickly built its reputation as a technological leader by engineering innovative solutions for demanding applications including the Trajectory Correction Kit for the US Army's Multiple Launch Rocket System, a high-performance rate sensor system for the Apache gunship's M230 cannon, and a MEMS-based low drift marine navigational aid as a fiber optic gyro replacement. MEMSENSE’s customer base started with the US Army, Navy, Air Force, defense contractors, and NASA, and expanded rapidly in the commercial and industrial sectors. MEMSENSE achieves unsurpassed price to performance in inertial measurement units.

https://inertiallabs.com

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For further information:
Anton Barabashov
VP of Business Development
Inertial Labs Inc.
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+1 (703) 880-4222
39959 Catoctin Ridge Street, Paeonian Springs, VA 20129

ARLINGTON, Va.--(BUSINESS WIRE)--$AVAV--AeroVironment, Inc. (NASDAQ: AVAV), a global leader in intelligent, multi-domain robotic systems, today reported financial results for its fiscal second quarter ended October 30, 2021.

“While we achieved second quarter and first half results in line with our expectations, headwinds to our business have intensified in recent months, requiring us to reduce our full year outlook,” said Wahid Nawabi, AeroVironment president and chief executive officer. “The negative impact from supply chain delays, extended procurement cycles due to the global COVID-19 pandemic, slower decision making in Washington tied to Continuing Resolution related budget uncertainties and staffing shortages have prevented us from realizing the growth and bottom line results expected at the start of this fiscal year. We are diligently working to manage expenses and other challenges in light of our revised outlook but are realistic regarding the lack of visibility within this ongoing environment.

“Nevertheless, we made progress during the quarter and are executing on a strategy to deliver long-term improvement in our operating performance. We have begun to demonstrate synergies within our three recently acquired businesses, exemplified by the recent integration of Switchblade 300 with the Jump 20 Medium Unmanned Air System. At the same time, our impressive team continues to deliver on new product development, including the launch of the i45 N Mantis gimbal, providing superior intelligence, surveillance and reconnaissance (“ISR”) for night-time operations. Furthermore, we saw traction across other growth initiatives within our Tactical Missile Systems segment by securing new orders for our Switchblade 600 and demonstrating sensor-to-shooter operations with NATO.

“Despite current market headwinds, we remain well positioned to deliver long term shareholder value through our focus on winning new business leveraging our innovative capabilities and industry-leading technology. While resetting our expectations for 2022, we are taking all steps available to mitigate these challenges going forward, ensuring the company remains on track for a fifth consecutive year of top-line growth and a path to higher investor returns.”

FISCAL 2022 SECOND QUARTER RESULTS

Revenue for the second quarter of fiscal 2022 was $122.0 million, an increase of 32% from the second quarter of fiscal 2021 revenue of $92.7 million. The increase in revenue reflects an increase in service revenue of $23.9 million and product sales of $5.5 million. The increase in revenue was primarily due to revenue from the Medium Unmanned Aircraft Systems (“MUAS”) segment of $26.5 million and the Unmanned Ground Vehicles product line of $6.5 million, as a result of our acquisitions of Arcturus UAV and Telerob GmbH in February and May 2021, respectively. These increases were partially offset by a decrease in revenue in the Small Unmanned Aircraft Systems (“Small UAS”) segment of $3.4 million and in the other businesses of $1.1 million.

Gross margin for the second quarter of fiscal 2022 was $42.5 million, an increase of 4% from the second quarter of fiscal 2021 gross margin of $40.9 million. The increase in gross margin reflects higher service margin of $0.9 million and product margin of $0.7 million. As a percentage of revenue, gross margin decreased to 35% from 44%. Gross margin was impacted by $5.5 million of intangible amortization expense and other related non-cash purchase accounting expenses in the second quarter of fiscal 2022 as compared to $0.7 million in the second quarter of fiscal 2021. With the acquisitions of Arcturus and the Intelligent Systems Group of Progeny Systems Corp. (“ISG”), we experienced a higher proportion of service revenue, which generally has lower gross margins than do product sales.

Income from operations for the second quarter of fiscal 2022 was $3.3 million, a decrease of $10.6 million from the second quarter of fiscal 2021 income from operations of $13.9 million. The decrease in income from operations was primarily the result of an increase in selling, general and administrative (“SG&A”) expense of $9.8 million and an increase in research and development (“R&D”) expense of $2.3 million, partially offset by an increase in gross margin of $1.6 million. SG&A expense included acquisition-related expenses and intangible amortization expense of $5.7 million in the second quarter of fiscal 2022 as compared to $0.4 million in the second quarter of fiscal 2021. SG&A expense in the current quarter also included additional headcount and support costs associated with the acquisitions of Arcturus UAV, ISG and Telerob.

Other expense, net, for the second quarter of fiscal 2022 was $11.4 million, as compared to other income, net of $0.2 million for the second quarter of fiscal 2021. The increase in other expense, net was primarily due to an additional legal accrual of $10.0 million for the expected settlement of all claims from the buyers of our former EES business and higher interest expense of $1.4 million resulting from the term debt issued concurrent with the acquisition of Arcturus UAV.

Benefit from income taxes for the second quarter of fiscal 2022 was $9.5 million, as compared to a provision for income taxes of $2.5 million for the second quarter of fiscal 2021. The increase in benefit from income taxes was primarily due to the decrease in income before income taxes and an increase in certain federal income tax credits.

Equity method investment income, net of tax, for the second quarter of fiscal 2022 was $1.1 million, as compared to equity method investment loss, net of tax, of $9.5 million for the second quarter of fiscal 2021. The increase in equity method investment income was due to an increase in our limited partnership investment. Equity method investment loss, net of tax, for the second quarter of fiscal 2021 included a loss of $8.4 million for our proportionate share of the HAPSMobile Inc. joint venture’s impairment of its investment in Loon LLC.

Net income attributable to AeroVironment for the second quarter of fiscal 2022 was $2.5 million, or $0.10 per diluted share, as compared to $2.1 million, or $0.09 per diluted share, for the second quarter of fiscal 2021.

Non-GAAP earnings per diluted share was $0.78 for the second quarter of fiscal 2022, as compared to $0.48 for the second quarter of fiscal 2021.

BACKLOG

As of October 30, 2021, funded backlog (remaining performance obligations under firm orders for which funding is currently appropriated to us under a customer contract) was $252.0 million, as compared to $211.8 million as of April 30, 2021.

FISCAL 2022 — REVISED OUTLOOK FOR THE FULL YEAR

Based on negative impact from supply chain delays, extended procurement cycles, slower decision making in Washington and staffing shortages, the Company has reduced its full year fiscal 2022 expectations and now expects revenue of between $440 million and $460 million, net loss of between $12 million and $8 million, Non-GAAP adjusted EBITDA of between $59 million and $65 million, loss per diluted share of between $(0.47) and $(0.33) and non-GAAP earnings per diluted share, which excludes litigation settlement expenses, acquisition-related expenses and amortization of intangible assets, of between $1.23 and $1.37.

The foregoing estimates are forward-looking and reflect management's view of current and future market conditions, subject to certain risks and uncertainties, and including certain assumptions with respect to our ability to efficiently and on a timely basis integrate our acquisitions, obtain and retain government contracts, changes in the timing and/or amount of government spending, changes in the demand for our products and services, activities of competitors, changes in the regulatory environment, and general economic and business conditions in the United States and elsewhere in the world. Investors are reminded that actual results may differ materially from these estimates.

CONFERENCE CALL AND PRESENTATION

In conjunction with this release, AeroVironment, Inc. will host a conference call today, Tuesday, December 7, 2021, at 4:30 pm Eastern Time that will be webcast live. Wahid Nawabi, president and chief executive officer, Kevin P. McDonnell, chief financial officer and Jonah Teeter-Balin, senior director corporate development and investor relations, will host the call.

Investors may dial into the call by using the following telephone numbers, (877) 561-2749 (U.S.) or (678) 809-1029 (international) and providing the conference ID 3093207 five to ten minutes prior to the start time to allow for registration.

Investors with Internet access may listen to the live audio webcast via the Investor Relations page of the AeroVironment, Inc. website, http://investor.avinc.com. Please allow 15 minutes prior to the call to download and install any necessary audio software.

A supplementary investor presentation for the second quarter fiscal 2022 can be accessed at https://investor.avinc.com/events-and-presentations.

Audio Replay

An audio replay of the event will be archived on the Investor Relations section of the Company's website at http://investor.avinc.com.

ABOUT AEROVIRONMENT, INC.

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can Proceed with Certainty. Headquartered in Virginia, AeroVironment is a global leader in intelligent, multi-domain robotic systems, and serves defense, government and commercial customers. For more information, visit www.avinc.com.

FORWARD-LOOKING STATEMENTS

This press release contains "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain words such as “believe,” “anticipate,” “expect,” “estimate,” “intend,” “project,” “plan,” or words or phrases with similar meaning. Forward-looking statements are based on current expectations, forecasts and assumptions that involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors outside of our control, that may cause our business, strategy or actual results to differ materially from the forward-looking statements.

Factors that could cause actual results to differ materially from the forward-looking statements include, but are not limited to, the impact of our recent acquisitions of Arcturus UAV, Telerob and ISG and our ability to successfully integrate them into our operations; the risk that disruptions will occur from the transactions that will harm our business; any disruptions or threatened disruptions to our relationships with our distributors, suppliers, customers and employees, including shortages in components for our products; the ability to timely and sufficiently integrate international operations into our ongoing business and compliance programs; reliance on sales to the U.S. government and related to our development of HAPS UAS; availability of U.S. government funding for defense procurement and R&D programs; changes in the timing and/or amount of government spending; our ability to perform under existing contracts and obtain new contracts; risks related to our international business, including compliance with export control laws; potential need for changes in our long-term strategy in response to future developments; the extensive regulatory requirements governing our contracts with the U.S. government and international customers; the consequences to our financial position, business and reputation that could result from failing to comply with such regulatory requirements; unexpected technical and marketing difficulties inherent in major research and product development efforts; the impact of potential security and cyber threats; changes in the supply and/or demand and/or prices for our products and services; the activities of competitors and increased competition; failure of the markets in which we operate to grow; uncertainty in the customer adoption rate of commercial use unmanned aircraft systems; failure to remain a market innovator, to create new market opportunities or to expand into new markets; changes in significant operating expenses, including components and raw materials; failure to develop new products or integrate new technology into current products; risk of litigation, including but not limited to pending litigation arising from the sale of our EES business; product liability, infringement and other claims; changes in the regulatory environment; the impact of the outbreak related to the strain of coronavirus known as COVID-19 on our business; our ability to comply with the covenants in our loan documents; our ability to attract and retain skilled employees; and general economic and business conditions in the United States and elsewhere in the world. For a further list and description of such risks and uncertainties, see the reports we file with the Securities and Exchange Commission. We do not intend, and undertake no obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise.

NON-GAAP MEASURES

In addition to the financial measures prepared in accordance with generally accepted accounting principles (GAAP), this earnings release also contains non-GAAP financial measures. See in the financial tables below the calculation of these measures, the reasons why we believe these measures provide useful information to investors, and a reconciliation of these measures to the most directly comparable GAAP measures.

– Financial Tables Follow –

Jonah Teeter-Balin
+1 (805) 520-8350 x4278
https://investor.avinc.com/contact-us

Company Seeks Energy Industry Trailblazers to Help Lead the Way in the Production Era

AUSTIN, Texas--(BUSINESS WIRE)--#DataIsTheNewOil--Zeno Technologies today unveiled its new Pioneer customer program to partner with trailblazing organizations to help build a more trusted future for the energy industry by enabling smarter decisions through data-driven business insight. The program – specially designed for businesses eager to embrace new technologies – will offer up to 10 companies a curated package of Pioneer benefits, including early access to new product features, enhanced customer support, C-level engagement with Zeno’s leadership team, direct input into product development, and special networking opportunities for virtual & in-person collaboration with fellow energy industry Pioneers.

The initial cohort of Zeno’s Pioneer program will be selected to represent a mix of regions, sizes and strategies, with the goal of empowering them to work in a more efficient, trusted and collaborative manner. With early and enhanced access to Zeno’s advanced toolset, the inaugural cohort of Zeno’s Pioneer program will be ahead of the curve in adopting the latest technology to enable faster, smarter business decisions and gain a leg up on their competitors.

“We know that there are people out there who are deeply frustrated by the status quo,” said Zeno’s CEO, Sealy Laidlaw. “These people are working incredibly hard to understand their business numbers so they can make smarter, more timely decisions, but current technologies are holding them back. Our Pioneer program is designed to work with them, build a better way together, and enable their businesses to become more successful, while strengthening the industry as a whole.”

Why Zeno?
Today’s energy-focused organizations often struggle to stitch together a patchwork of legacy tools in an attempt to combine production and market data to truly understand their business performance. Zeno’s Energy Operating System addresses this key pain point, bringing a new approach to this systemic issue. Using sophisticated data manipulation techniques to create a comprehensive view of their energy assets, Zeno for the first time gives leadership teams the ability to truly understand historical, current and expected future performance, all within a single platform. Further, businesses can identify and drill down into key business drivers and sensitivities. These insights empower energy leadership teams with newfound intelligence to hone the performance of their energy portfolio, make fully informed strategic decisions, and outmaneuver their competitors.

Why Now?
Zeno is launching this program at a pivotal time when the energy industry faces parallel challenges in terms of ensuring reliable supply at a reasonable economic cost today, while balancing external ESG pressures threatening to reshape the future of the industry. By accelerating the adoption of data-driven decision-making and helping more companies truly understand the commercial performance of their energy assets, Zeno aims to help these businesses successfully navigate these interlinked crises so they can thrive in the Production Era.

Zeno is accepting businesses into the Pioneer program on a rolling basis and will cap cohort admission at 10 qualified organizations. For more information, visit www.zenotech.io/pioneers/ or email This email address is being protected from spambots. You need JavaScript enabled to view it..

About Zeno Technologies
Zeno Technologies helps energy-focused businesses thrive in the Production Era. The company’s Energy Operating System is used by energy companies, investors and partners to drive business performance by connecting entire organizations through data on a common platform, delivering real-time insights so their businesses can run on real numbers instead of best estimates. Zeno is privately held and headquartered in Austin, TX. For more information, visit www.zenotech.io.

John Snedigar
Faultline Communications
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408-705-7518

KENNESAW, Ga.--(BUSINESS WIRE)--The Yamaha Rightwaters sustainability initiative expands overseas as Yamaha Motor Australia announces plans to build on the company’s commitment to marine conservation by forming a strategic alliance with clean technology start-up Seabin™, its first Yamaha Rightwaters initiative.

Yamaha Motor Australia joins the Australian-founded company as a major sponsor of the world’s first “100 Smarter Cities for Cleaner Oceans” campaign in Sydney.

“At Yamaha, we are all passionate about boating and the long-term sustainability of our waterways. In Australia, we are fortunate to enjoy some of the most pristine and diverse marine environments in the world, and we realize we can never take this for granted,” said Jason Harris, General Manager of the Marine Division, Yamaha Motor Australia. “Through Yamaha Rightwaters, we hope to implement programs that contribute in meaningful ways to help protect and sustain our waterways.”

Seabin™ developed an innovative Ocean Health Data Platform, which involves the removal and data cataloguing of plastics and other marine debris from waterways. The critical data sets collated from the Seabin unit collections are recognized by global authorities such as United Nations Environment Programme (UNEP) to facilitate, support and implement positive policy making and behavioral change. Seabin™ set a goal to operate in 100 cities by 2050. The company launched its first City Pilot in Sydney last year, collecting more than 16 tons of marine debris waterways and filtering over 3 billion liters of water. With support from Yamaha Rightwaters, Seabin can double this impact through the addition of the Sydney Smart City program.

Introduced in the United States in 2019 on World Oceans Day, Yamaha Rightwaters champions environmental stewardship and supports marine habitat protection, management and restoration through education, scientific research and partnerships to ensure healthy marine ecosystems for generations to come.

“Yamaha is a company with deep roots in conservation and sustainability. Yamaha Rightwaters reflects those values, now on a global level, and we applaud the efforts of our Australian counterparts,” said John O’Keefe, Senior Specialist, Government Relations, Yamaha U.S. Marine Business Unit. “We hope to see the initiative continue to gain momentum in 2022 as we look to expand our project portfolio to include more marine habitat restoration, invasive species mitigation, plastics removal and recycling and carbon sequestration.”

Yamaha Rightwaters made significant strides in the U.S. in 2021. Through a new sponsorship of the Ducks Unlimited Gulf Coast Initiative, Yamaha Rightwaters now has the opportunity to support marine habitat restoration and carbon dioxide sequestration. The multi-year conservation initiative is dedicated to rebuilding wetlands lost to erosion, subsidence and sea level rise in Louisiana and Texas. Through two projects, Ducks Unlimited, Yamaha Rightwaters and other supporters will restore designated seagrass and wetland habitats and contribute to climate mitigation through a combination of protecting buried carbon and sequestering atmospheric carbon at rates up to 530 metric tons of carbon dioxide per year.

In addition, Yamaha Rightwaters launched a plastics recycling pilot program during the summer, which uses reverse logistics to return the protective covers from select boat builders, retail dealers and two of Yamaha’s boat production facilities. The materials ship to Tommy Nobis Enterprises, which separates recyclable plastics from other materials. Tommy Nobis Enterprises then ships the material to Nexus Fuels for processing into raw materials, which range from liquids to gasses and waxes. Through this pilot program, Yamaha Rightwaters pushes marine industry sustainability into a new realm of conservation.

Yamaha Rightwaters is an international sustainability program that encompasses all of Yamaha Marine’s conservation and water quality efforts. Program initiatives include habitat restoration, support for scientific research, mitigation of invasive species, the reduction of marine debris and environmental stewardship education. Yamaha Rightwaters reinforces Yamaha’s long-standing history of natural resource conservation, support of sustainable recreational fishing and water resources and Angler Code of Ethics, which requires pro anglers to adhere to principles of stewardship for all marine resources.

REMEMBER to always observe all applicable boating laws. Never drink and drive. Dress properly with a USCG-approved personal floatation device and protective gear.

© 2021 Yamaha Motor Corporation, U.S.A. All rights reserved.

This document contains many of Yamaha's valuable trademarks. It may also contain trademarks belonging to other companies. Any references to other companies or their products are for identification purposes only and are not intended to be an endorsement.

Brad Massey
Communications Manager
Yamaha U.S. Marine Business Unit
Office: (770) 701-3294
Mobile: (470) 277-9024
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Neal Wheaton
Wilder+Wheaton for
Yamaha U.S. Marine Business Unit
Mobile: (404) 317-0698
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DUBLIN--(BUSINESS WIRE)--The "Non-Destructive Testing Market by Solution, Method, End-User - Global Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.

The global non-destructive testing (NDT) market is expected to grow at a CAGR of 7.4% from 2021 to 2028 to reach $15.07 billion by 2028.

Factors such as stringent government regulations regarding the safety of assets, rising need to assess the structural integrity of aging infrastructure, and application of advanced materials in manufacturing processes are driving the growth of this market. However, the lack of proper training for NDT personnel and high cost of NDT equipment, maintenance, and inventory are expected to hinder the growth of this market to a certain extent.

Based on solution, the NDT market is segmented into instruments, software, testing services, and ancillary services. In 2021, the testing services segment is expected to command the largest share of the non-destructive testing market. The large share of this segment can be attributed to factors such as increasing demand for safety standards in process industries, assessing the health of aging public infrastructure, and increasing efficiency of assets in industries.

Based on method, the NDT market has been categorized into volumetric examination, surface examination, visual examination, and others. In 2021, the volumetric examination segment is projected to command the largest share of the market. The widespread use of volumetric examination in the oil & gas industry for the inspection of pipelines is one of the major drivers for the growth of this segment.

Based on end user, the NDT market has been divided oil & gas, automotive & heavy engineering, aerospace & defense, power generation, manufacturing, public infrastructure, medical & healthcare, and others.

In 2021, the oil & gas sector is poised to account for the largest share of the market. This large share can be attributed to the increasing demand for energy; growing importance of safety, integrity, reliability of plant & machineries; and various environmental protection laws and other regulations.

In 2021, North America is expected to account for the largest share of the global non-destructive testing market, followed by Asia-Pacific.

Market Dynamics

Non-Destructive Testing Market Drivers: Impact Analysis

• Stringent Government Regulations for Asset Safety
• Rising Need to Assess the Structural Integrity of Aging Infrastructure and Assets
• Growing Use of Advanced Materials in Manufacturing Processes

Non-Destructive Testing Market Restraints: Impact Analysis

• Lack of Skilled NDT Personnel
• High Equipment and Maintenance Costs

Non-Destructive Testing Market Opportunities: Impact Analysis

• Technological Advancements in NDT
• Infrastructural Expansion Worldwide

Non-Destructive Testing Market Challenges: Impact Analysis

• Reluctance toward Adopting NDT
• Non-Destructive Testing Market Trends
• Growing Use of Drones for Non-Destructive Testing
• Integration of NDT Equipment with Asset Performance Management Software

The key players operating in the global non-destructive testing market are

• Mistras Group Inc.
• Olympus Corporation
• Nikon Metrology Inc.
• Magnaflux Corporation
• Zetec Inc.
• Eddfyi Technologies
• YXLON International GmbH
• Sonatest Ltd.
• Carestream Health
• Intertek Group Plc
• SGS SA

Non-destructive Testing Market Scope

By Solution

• Instrumentation
• Detectors
• Transducers & Probes
• Gauges
• Scanners
• Microscopes
• Others (UV Lamps, Indicators, & Meters)
• Software
• Testing Services
• Acoustic Emission Testing
• Eddy Current Testing
• Alternating Current Field Measurement (ACFM)
• Remote-Field Testing (RFT)
• Eddy-Current Array (ECA)
• Magnetic Particle Testing
• Liquid Penetrant Testing
• Radiography Testing
• X-ray Testing
• Gamma-Ray Testing
• Computed Radiography
• Film Radiography
• Direct Radiography (Real-time)
• Ultrasonic Testing
• Straight Beam Testing
• Angle Beam Testing
• Immersion Testing
• Guided Wave Testing
• Phased Array Testing
• Time-of-flight Diffraction (TOFD)
• Visual Testing
• Unaided Visual Inspection
• Aided Visual Inspection
• Others
• Ancillary Services
• Equipment Rental Services
• Training Services
• Calibration Services

By End User

• Oil & Gas
• Automotive & Heavy Engineering
• Aerospace and Defense
• Power Generation
• Manufacturing
• Public Infrastructure
• Medical & Healthcare
• Others

By Method

• Volumetric Examination
• Surface Examination
• Visual Examination
• Others

By Geography

• North America
• U.S.
• Canada
• Europe
• Germany
• U.K
• France
• Italy
• Spain
• Rest of Europe
• Asia-Pacific (APAC)
• China
• Japan
• India
• Rest of Asia-Pacific (RoAPAC)
• Latin America
• Middle East and Africa

For more information about this report visit https://www.researchandmarkets.com/r/z1suhv

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Location to Become the Heart of Decades-Long Offshore Wind Build-Out

NEW YORK--(BUSINESS WIRE)--Equinor today announced the opening of the New York offshore wind project office, located in Sunset Park’s Industry City neighborhood adjacent to the South Brooklyn Marine Terminal. The project office will serve as the hub for Equinor and bp’s large-scale offshore wind operations in the region, including Empire Wind and Beacon Wind. Together, Empire Wind 1 and 2 and Beacon Wind 1 are poised to provide 3.3 gigawatts of renewable power to New York, enough to power approximately 2 million homes. Empire Wind and Beacon Wind are being developed by Equinor and bp through their 50/50 strategic partnership in the US.

The opening of the project office marks a significant milestone in Equinor’s commitment to bringing an exciting new industry to the state and region that is set to last for decades. The event was attended by His Royal Highness, Crown Prince Haakon of Norway, and the Norwegian Minister of Trade and Industry Jan Christian Vestre. In addition, Doreen Harris, President and CEO of the New York State Energy Research and Development Authority (NYSERDA), Elizabeth Yeampierre, Executive Director of UPROSE, Brooklyn's oldest Latino community-based organization and co-chair of the Climate Justice Alliance, Eden Chan, student at Macaulay Honors College and Shore Corps Leader for the Rockaway Initiative for Sustainability and Equity (RISE), and Phil Cochrane, Head of State Affairs & Third Party Advocacy, bp Americas, spoke at the event.

“We would not have achieved this exciting benchmark in the growth of our U.S. offshore wind initiative were it not for the support of New York State and the people in this community,” said Equinor Wind US President, Siri Espedal Kindem, who presided over today’s ribbon-cutting ceremony. “The office is the cornerstone for our vision of developing an exciting new industry in New York, in the United States, and beyond. Going forward, the success of this industry must not only be measured by the amount of renewable power it provides, but also by the impact it has in sparking fresh economic activity and creating enduring jobs. We are thrilled to be taking on this important work.”

Doreen M. Harris, President and CEO, NYSERDA said: “As New York solidifies its place as the nation’s leader in offshore wind, we are pleased to see Equinor affirming its commitment to our state and its workforce. Equinor’s investments and partnership are critical vehicles for advancing our climate and clean energy goals, and we look forward to continuing our shared efforts to seize this once in a generation opportunity to truly change the energy system and create thousands of family-sustaining jobs.”

The New York project office will support the development of Empire Wind and Beacon Wind. The office will also be home to an offshore wind learning center that will provide New Yorkers an opportunity to learn about this growing new industry. As the projects progress over the coming years, around 20 dedicated staff members will be based in the office. The office will be built out by a local New York contractor and is set to open for day-to-day operations in 2022.

ABOUT EQUINOR RENEWABLES US

Equinor is one of the largest offshore wind developers in the U.S., where it operates two lease areas, Empire Wind and Beacon Wind. The projects plan to provide New York State with 3.3 gigawatts (GWs) of energy—enough to power nearly two million homes—including more than 2 GWs from Empire Wind and 1,230 megawatts from Beacon Wind 1.

ABOUT EMPIRE WIND

Empire Wind will be a major contributor to meeting New York State’s ambitious clean energy and climate goals. When completed, Empire Wind will power more than 1 million New York homes. Empire Wind is located 15-30 miles southeast of Long Island and spans 80,000 acres, with water depths of between 65 and 131 feet. The lease was acquired in 2017 and is being developed in two phases (Empire Wind 1 and 2) with a total installed capacity of more than 2 GW (816 + 1,260 MW).

ABOUT BEACON WIND

Beacon Wind is planned for an area of 128,000 acres in federal waters between Cape Cod and Long Island. The lease area was acquired in 2019 and is being developed in two phases. Beacon Wind 1 is on track to deliver 1.2 GW of renewable energy directly to New York City in the late 2020s – enough to power 1 million homes. Beacon Wind 2 has the capacity to generate another 1.2 GW of clean energy for consumers in the US Northeast.

Lauren Shane
This email address is being protected from spambots. You need JavaScript enabled to view it.
(917) 392-4252

Vantage Fusion Offers Advanced Detection Performance and Infrastructure-to-Vehicle Connectivity to Improve, Safety, Mobility and Sustainability

• Iteris and Continental’s new hybrid video and radar detection system delivers unmatched performance, with unique visualization capabilities that enable top-down viewing of the entire intersection in real time.
• Vantage Fusion is the first solution from Iteris and Continental’s collaboration to explore intelligent infrastructure technology that readies cities and automotive OEMs for advancements in connected and automated vehicles, and enables safer, smarter and more sustainable roadways.
• Launch marks the expansion of Iteris’ market-leading portfolio of smart sensors and opens up its ClearMobility Platform to Continental’s global network of automotive OEMs.

SANTA ANA, Calif. & AUBURN HILLS, Mich.--(BUSINESS WIRE)--$ITI #IoT--Iteris, Inc. (NASDAQ: ITI), the global leader in smart mobility infrastructure management, and global mobility supplier Continental today announced the launch of Vantage Fusion™, a hybrid traffic detection system that enables real-world vehicle-to-everything (V2X) applications and advanced intersection visualization for safer, smarter and more sustainable roadways.

The Vantage Fusion hybrid video and radar detection system delivers unmatched detection, tracking and classification accuracy of vehicles, pedestrians and cyclists, with unique visualization capabilities that enable intuitive, top-down viewing of intersections in real time.

Vantage Fusion uses information generated by automotive sensors to enable cooperative perception capabilities. In addition to sharing a connected vehicle’s location with other V2X-enabled devices, cooperative perception messaging enables that vehicle to also share what it senses – a pedestrian or car, for example – with the rest of its connected environment.

Vantage Fusion is connected vehicle ready, with the ability to provide critical infrastructure data through V2X communications to connected and automated vehicles (CAVs), including through Iteris’ BlueTOAD® Spectra CV. The hybrid detection system is fully compatible with VantageCare™ – Iteris’ detection health monitoring support service – as well as Iteris’ ClearGuide SPM™ and VantageLive!®, and other third-party web and mobile-based traffic measurement applications.

The launch of Vantage Fusion is the first solution from Iteris and Continental’s recently announced, future-oriented traffic infrastructure collaboration to leverage automotive sensors, and infrastructure-to-vehicle (I2V) connectivity to make city transportation systems across North America safer, more efficient and more sustainable, while supporting local and regional transportation agencies’ efforts to achieve their Vision Zero goals, and preparing cities and automotive OEMs for advancements in connected and automated vehicle (CAV) technologies. The collaboration is focused on improving the current transportation infrastructure while working toward a more balanced, intelligent and optimized infrastructure that communicates seamlessly with the mobility ecosystem in the future thanks to expanded sensing capabilities.

“We are thrilled to announce the launch of Vantage Fusion, a future-oriented hybrid traffic detection system that enables real-world V2X applications, while preparing cities and automotive OEMs for advancements in CAV technologies,” said Todd Kreter, senior vice president and general manager, Advanced Sensor Technologies at Iteris. “With the addition of Vantage Fusion to Iteris’ market-leading portfolio of smart sensors, transportation agencies now have access to unmatched detection and tracking accuracy of vehicles, pedestrians and cyclists, as well as truly unique intersection visualization capabilities, to achieve their goals of improving safety, mobility and sustainability throughout complex transportation networks.”

“Smart mobility is in our DNA at Continental and we are constantly improving and innovating solutions that help make roadways safer for all who use them. As we look to a future with more CAVs, the infrastructure will play a bigger role, demanding updates in sensing, connectivity and communication capabilities,” explained Murali Srinivasan, vice president, Passive Safety and Sensorics, Continental North America. “The launch of Vantage Fusion is a testament to the combination of our long and proven history in safety sensorics with Iteris’ expertise in intelligent infrastructure management to deliver solutions that will contribute to greater environmental awareness and increased road user safety.”

In addition to offering more comfort and convenience to drivers, Iteris and Continental’s solution can contribute to stronger V2X effectiveness – critical in reaching the goal of Vision Zero. The U.S. Department of Transportation states that V2X technology has the potential to address approximately 80% of unimpaired vehicle crashes. Roadway injuries and fatalities also impact people outside of vehicles. According to the National Safety Council, in the United States approximately 30% of all road fatalities are vulnerable road users, which include pedestrians, cyclists, scooters and motorcyclists. Continental and Iteris are committed to helping the mobility industry realize this potential.

The Vantage Fusion detection system is a key component of Iteris’ ClearMobility™ Platform, the most complete solution for continuously monitoring, visualizing and optimizing mobility infrastructure around the world to help ensure that roads are safe, travel is efficient, and communities thrive. The ClearMobility Platform applies cloud computing, artificial intelligence, advanced sensors, advisory services and managed services to achieve safe, efficient and sustainable mobility.

About Iteris, Inc.

Iteris is the global leader in smart mobility infrastructure management – the foundation for a new era of mobility. We apply cloud computing, artificial intelligence, advanced sensors, advisory services and managed services to achieve safe, efficient and sustainable mobility. Our end-to-end solutions monitor, visualize and optimize mobility infrastructure around the world to help ensure that roads are safe, travel is efficient, and communities thrive. Visit www.iteris.com for more information, and join the conversation on Twitter, LinkedIn and Facebook.

About Continental

Continental develops pioneering technologies and services for sustainable and connected mobility of people and their goods. Founded in 1871, the technology company offers safe, efficient, intelligent and affordable solutions for vehicles, machines, traffic and transportation. In 2020, Continental generated sales of €37.7 billion and currently employs more than 192,000 people in 58 countries and markets. On October 8, 2021, the company celebrated its 150th anniversary.

Iteris Forward-Looking Statements

This release may contain forward-looking statements, which speak only as of the date hereof and are based upon our current expectations and the information available to us at this time. Words such as "believes," "anticipates," "expects," "intends," "plans," "seeks," "estimates," "may," “should,” “will,” "can," and variations of these words or similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, statements about the capabilities and benefits of Vantage Fusion and other Iteris solutions and products. Such statements are not guarantees of future performance and are subject to certain risks, uncertainties, and assumptions that are difficult to predict, and actual results could differ materially and adversely from those expressed in any forward-looking statements as a result of various factors.

Important factors that may cause such a difference include, but are not limited to, our ability to provide our services and products in a cost-efficient manner; our ability to introduce, market and gain broad acceptance of our new and existing product and service offerings in the transportation industry; the potential impact of product and service offerings from competitors and other competitive pressures; challenges in the development of software-based solutions generally; and the impact of general economic, political and other conditions in the markets we address. Further information on Iteris, Inc., including additional risk factors that may affect our forward-looking statements, is contained in our Annual Report on Form 10-K, our Quarterly Reports on Form 10-Q, our Current Reports on Form 8-K, and our other SEC filings that are available through the SEC’s website (www.sec.gov).

Iteris Media Contact
David Sadeghi
Tel: (949) 270-9523
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Iteris Investor Relations
MKR Investor Relations, Inc.
Todd Kehrli
Tel: (213) 277-5550
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Continental Media Contact
Kathryn Blackwell
Tel: (248) 393-6593
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Ski resort in rural Maine embraces sustainability as part of its comprehensive economic revitalization plan

BOSTON--(BUSINESS WIRE)--#cleanenergy--Saddleback Mountain Ski Resort (“Saddleback”), owned by Arctaris Impact Investors, LLC (“Arctaris”), has engaged with Nexamp for the construction of a new 31-acre community solar farm on its property that will generate 7.36 MW of clean energy. The solar project will offset more than 14 million pounds of carbon annually while reducing Saddleback’s energy costs and adding new operational revenue through a long-term lease agreement.

Arctaris, an Impact Investment group that purchased Saddleback in 2020, is making substantial improvements to the mountain and helping to restore the business as a major employer and destination in the region. Among its many improvements, Arctaris has installed a new detachable quad chairlift, a new high-speed T-Bar, two additional surface lifts, new snowmaking equipment, a new groomer fleet and a renovated base lodge. A new mid-mountain restaurant-lodge is under construction.

In exploring options to strengthen the economics and environmental profile of Saddleback, Arctaris identified solar development as a sensible way to improve its approach to powering the mountain. Saddleback led the development effort which included site selection, permitting, and obtaining an interconnection agreement with Central Maine Power. Saddleback is now partnering with Nexamp, which will construct and operate the solar farm.

“Saddleback has a long history in Maine as a family destination that has provided important economic, employment and recreational opportunities in western Maine,” said Jonathan Tower, Founder and Managing Partner of Arctaris. “We are committed to positioning Saddleback for long-term sustainability, both economic and environmental. With this project, Arctaris is significantly advancing both of those goals.”

Under Maine’s Net Energy Billing program enacted by the Mills administration in 2019, the community solar farm will generate clean energy that is sent directly to the Central Maine Power (CMP) grid, providing credits for subscribers to help reduce their annual electric expense. As the host of the solar farm, Saddleback stands to benefit directly as an anchor tenant for the bill credits generated. Other businesses in CMP territory also are able to enroll in Nexamp’s program for energy savings.

Saddleback took great care in selecting the location for the solar farm, a site that comprises less than one percent of Saddleback’s real estate. “As stewards of a remarkable piece of western Maine real estate, it was very important to us to fit this renewable energy project in harmoniously with its surrounding natural beauty,” said Tom Federle, Saddleback’s General Counsel who led the development of the project. “Our Mountain Operations Director, Jared Emerson, who knows every inch of the Saddleback property, was the one who found the perfect site.”

“The Saddleback project is representative of the very real benefits available to businesses in proactively addressing the climate challenge,” said John Murphy, Nexamp Senior Vice President of Corporate Development. “In pursuing this initiative, the resort is helping to achieve Maine’s ambitious renewable deployment and decarbonization goals while controlling operating costs and generating meaningful revenue for additional capital improvements. We’re thrilled to partner with the Arctaris team to help make their vision a reality for the Saddleback community.”

Construction on the solar farm is expected to begin in early 2022 and is on track to be generating clean energy for the CMP grid by the start of the 2022-23 ski season.

Additional capacity remains on Nexamp projects across multiple markets and utility service territories. Businesses interested in learning more about the commercial offtake program should visit https://www.nexamp.com/power-purchase-agreements/.

About Nexamp

Nexamp is leading the transformation to the new energy economy with proven solar and storage solutions that make clean energy more accessible for our customers and partners. Our comprehensive solar and energy storage capabilities—including project development and acquisition, design, construction, and operations—enable clean energy savings and benefits for more customers. Nexamp’s industry-leading community solar platform makes solar an option for anyone, offering guaranteed savings on annual electricity costs. With more than 300 MW of renewable energy generating assets currently in operation, we are building a decarbonized energy future.

For more information on Nexamp, visit www.nexamp.com or for press inquiries contact Keith Hevenor, This email address is being protected from spambots. You need JavaScript enabled to view it., 978-496-0098.

About Arctaris Impact Investors

Arctaris Impact Investors, LLC is a Boston-based impact investment firm with experience spanning more than 12 years and six funds, with both debt and Opportunity Zone equity investments. The firm manages funds which invest in growth-oriented operating businesses and community infrastructure projects located in underserved communities. Founded in 2009, Arctaris has partnered with the Kresge Foundation, Harvard Business School Professor Michael Porter’s Initiative for a Competitive Inner City, and multiple other foundation, federal and state government agencies to invest in Opportunity Zones, inner cities and targeted rural communities throughout the U.S., with the aim of delivering above-market investment returns alongside positive social impact.

For more information on Arctaris, visit www.arctaris.com or for press inquiries contact Jane Moncrief, This email address is being protected from spambots. You need JavaScript enabled to view it., 202-868-9005.

Copyright 2021 Nexamp Inc.

Jane Moncrief
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