DUBLIN--(BUSINESS WIRE)--The "Global Specialty Gas Market Size, Share & Trends Analysis Report by Product (Noble, Carbon, Ultra-high Purity, Halogen), by Application (Manufacturing, Electronics, Healthcare), and Segment Forecasts, 2021-2028" report has been added to ResearchAndMarkets.com's offering.
The global specialty gas market size is expected to reach USD 18.22 billion by 2028 and is projected to register a CAGR of 8.8% from 2021 to 2028.
Increased preference for specialty gases in the healthcare sector owing to an increased rate of applicability in medical applications is a driving factor for the strong market growth.
Increased rate of applicability in key applications such as manufacturing (welding and cutting, lighting, laser, chemicals), healthcare (medical devices, pharmaceutical drugs manufacturing, anesthetic), electronics (flat panel displays, semiconductor devices), and analytical and calibration instruments are expected to drive market growth.
The manufacturing and electronics industries are flourishing at an increased rate in emerging economies of Asia Pacific. Government initiatives to strengthen analytical testing capabilities, growing expenditure on drugs and medical devices by public health organizations, technological advancement, and government investments in the healthcare and electronics industries are increasing the demand for specialty gas.
Prevailing energy and environment-friendly practices coupled with growing societal awareness towards green products and solutions are anticipated to develop more stringent environmental and emission norms over the forecasted period. Furthermore, key players such as Air Liquide, Praxair, Inc., Linde AG, etc. are developing clean technologies and introducing innovative solutions that will lower emissions and pollutants.
Specialty Gas Market Report Highlights
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/uc25c9
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Demonstrated for the first time, this electrochemical process enables a path to fossil-free commercial aviation fuel from CO2 from the air or industrial sources.
BERKELEY, Calif.--(BUSINESS WIRE)--Carbon transformation company Twelve announced today it has produced the first fossil-free jet fuel called E-Jet® from carbon dioxide (CO2) electrolysis, demonstrating a scalable, energy-efficient path to the de-fossilization of global aviation. This project was supported through funding from the U.S. Air Force and produced fuel globally applicable for both commercial and military aviation.
Global aviation produces 1.2 billion tons of CO2 emissions per year and represents one of the hardest-to-abate sectors, since it is technically unfeasible to electrify long-haul planes at scale due to power density challenges. Twelve’s jet fuel, produced using its carbon transformation technology in partnership with Emerging Fuels Technology, is a fossil-free fuel that offers a drop-in replacement for petrochemical-based alternatives without any changes to existing plane design or commercial regulations.
“Electrifying planes with batteries has proven unfeasible for at-scale decarbonization of aviation, necessitating the production of fossil-free jet fuel,” said Twelve Co-Founder and CEO Nicholas Flanders. “We've essentially electrified the fuel instead through our electrochemical process, and the fuel drops right into existing commercial planes, allowing operators to instantly reduce their carbon footprint without any sacrifice to operating quality. Since you can’t electrify the plane, we’ve electrified the fuel.”
Twelve’s proprietary technology extends beyond fuels, and also transforms CO2 into critical chemicals and materials that are conventionally made from fossil fuels. It can scale to fit any need and offers an energy-efficient alternative to biofuels, which require significant amounts of land and energy to produce. The process is powered by clean low-carbon electricity and is a promising route towards carbon-neutral aviation.
Creating jet fuel from CO2 enables the Air Force to increase energy independence and reduce risk in fuel logistics without compromising on fuel quality or reliability. Twelve worked in partnership with the Air Force’s Operational Energy office through a joint contract with AFWERX, a program office at the Air Force Research Laboratory, and SBIR, the Small Business Innovation Research program.
“One of our main goals with this project was to create a clean jet fuel that enhances security and energy independence without sacrificing operational readiness. The successful completion of the project proves that efficiency and environmental responsibility are not mutually exclusive,” said Roberto Guerrero, Deputy Assistant Secretary of the Air Force for Operational Energy.
About Twelve
Twelve is the carbon transformation company, a new kind of chemical company built for the climate era. We make essential products from air, not oil. Our groundbreaking technology eliminates emissions by transforming CO2 into critical chemicals, materials and fuels that today are made from fossil fuels. We call it carbon transformation, and it fundamentally changes how we can address climate change, reduce emissions and reverse the carbon imbalance. Reinventing what it means to be a chemical company, we’re on a mission to create a climate positive world and a fossil free future through the power of chemistry. Learn more at www.twelve.co.
Liz Crumpacker | Antenna Group | This email address is being protected from spambots. You need JavaScript enabled to view it.
HOUSTON--(BUSINESS WIRE)--Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) (“Solaris” or the “Company”) announced today that it has filed a shelf registration statement on Form S-3 with the U.S. Securities and Exchange Commission (SEC) to replace its previous shelf registration, which was originally effective on October 16, 2018 and expired on October 16, 2021.
“Our recent shelf registration renewal is part of ordinary course of business to keep our SEC filings current,” said Kyle Ramachandran, Solaris President and Chief Financial Officer. “We have no immediate plans to offer securities of any form under the registration statement but believe it is prudent business management and good corporate governance to keep an active universal registration on file with the SEC to maximize flexibility in our capital management.”
The shelf registration statement has been filed with the SEC but has not yet been declared effective by the SEC. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Any offering of the securities covered under the shelf registration statement will be made solely by means of a prospectus and an accompanying prospectus supplement relating to that offering.
About Solaris Oilfield Infrastructure, Inc.
Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) provides mobile equipment that drives supply chain and execution efficiencies in the completion of oil and natural gas wells. Solaris’ patented mobile proppant and chemical systems are deployed in many of the most active oil and natural gas basins in the United States. Additional information is available on our website, www.solarisoilfield.com.
Yvonne Fletcher
Senior Vice President, Finance and Investor Relations
(281) 501-3070
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SAN RAFAEL, Calif.--(BUSINESS WIRE)--West Coast Clean Fuels LLC (WCCF) announced today that it has executed Delivery Service Agreements to develop, permit, manage and operate the end-to-end clean fuel supply chains for two first-of-their-kind, decarbonized maritime ship operations––one ocean-going and one in port––in two major California ports. WCCF was established to serve a growing market need for the delivery of future low-carbon maritime fuels, such as LNG (liquefied natural gas), RNG (renewable natural gas), biofuels, electrofuels, and hydrogen-based fuels (such as hydrogen, methanol and ammonia).
Starting in Q1 2022, WCCF will deliver hydrogen to the first fuel cell-powered ferry in the US (owned by SWITCH Maritime), first for shipyard sea trials in Bellingham, WA and subsequently for passenger operations in San Francisco Bay. In the same quarter, WCCF will also launch fuel delivery operations for two new-build LNG-powered container ships (operated by Pasha Hawaii Holdings) in the Port of Long Beach. In order to successfully launch these fueling operations, WCCF began permitting processes in 2019, started to invest in fuel delivery equipment, and solidified commercial relationships with key industry partners up and down the value chain.
“Critical supply chains for low- and zero-carbon maritime fuels simply don’t exist yet,” said Pace Ralli, CEO of SWITCH Maritime. “A lot of new infrastructure investment, both public and private, will be needed to make displacement of carbon-emitting fuels a reality. And that investment needs to start now if we’re going to be ready for the oncoming energy transition.”
WCCF has designed the initial supply chains based on smaller delivery volumes for the first vessels under contract, with the ability to scale using larger or different equipment as demand for clean fuel in West Coast ports increases. For example, in addition to truck-to-ship transport of fuels, WCCF aims to serve more fueling volumes from additional customers that will justify investment into marine-based delivery utilizing more efficient and traditional ship-to-ship fuel transfer methods.
WCCF is working closely with SWITCH Maritime to develop a hydrogen fueling solution for Sea Change, a 70-foot, 75-passenger ferry that will operate in San Francisco Bay. The vessel will be the first hydrogen fuel cell vessel in the U.S., representing a monumental step in the U.S. maritime industry’s transition to a sustainable future. Working with upstream partners, WCCF will deliver approximately 50,000 kgs of green hydrogen annually to the Sea Change, and eliminate the need for diesel completely. San Francisco is expected to be a growing market for maritime passenger transport, and one that will support the increasing adoption of zero-emissions technologies into the growing fleet.
In the Port of Long Beach, WCCF will deliver 78 million gallons of LNG to the M/V George III and M/V Janet Marie––two Pasha Hawaii operated newbuild container ships with standard routes between the U.S. West Coast and Hawaii. The location of this project on the West Coast is significant because approximately 8,000 ocean-going vessels visit California each year. The port has been ranked the number one container port in the U.S. and handles roughly 40 percent of all U.S. imports.
WCCF has the ability to scale its fueling infrastructure to service additional low-carbon ships at the Ports of Long Beach/Los Angeles and San Francisco/Oakland, which are some of the world’s busiest seaports and leading gateways for international trade in the Western Hemisphere. By managing the complexity associated with developing end-to-end clean fuel delivery chains and working with regulatory bodies to permit fueling operations, WCCF is helping pave a pathway to decarbonize shipping locally and reduce the heavy toll of these bustling ports on the environment, local air quality and health of local communities.
About West Coast Clean Fuels LLC
WCCF provides clean fuel delivery solutions for the marine transportation operators serving U.S. West Coast ports, including ocean-going vessels such as transpacific containerships as well as coastwise operations such as ferries and tugs. Collaborating with clients and industry partners, WCCF designs and implements scalable fueling supply chains to link low-carbon fuel sources, such as LNG, RNG, biofuels, electrofuels and hydrogen-based fuels (such as hydrogen, methanol and ammonia), with operators in a safe, reliable and efficient method. WCCF seeks to support California ports as important stakeholders in fleet-scale decarbonization efforts by creating clean fuel hubs for ocean-going vessels, harbor craft, and the trucks and heavy-duty vehicles that serve them. If your maritime organization is looking to transition to clean fueling alternatives, please contact us at This email address is being protected from spambots. You need JavaScript enabled to view it..
Janine Ward
Antenna Group
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Phone 313-536-7806
AURORA, Ill.--(BUSINESS WIRE)--#MitutoyoAmerica--Mitutoyo America Corporation is excited to announce the launch of our new Mitutoyo website as well as MyMitutoyo, our new end user portal.
Mitutoyo.com has a brand new, updated look with better functionality and an improved user experience, making access to Mitutoyo products, services, and information faster and easier. Mitutoyo products on the new website are better connected to more robust technical specifications and product information for more useful, accurate product searches. This allows visitors to research and qualify Mitutoyo products and solutions for their needs more effectively.
The new Mitutoyo.com also better highlights the company’s metrology services and solutions including calibrations, installation, and repairs, as well as enhanced and easier-to-navigate resource and education pages. Mitutoyo.com is also integrated with the new end user portal, MyMitutoyo, giving users the option to request a price quote, find a distributor or request more product information with a click of a button.
The Mitutoyo End User Portal, branded as MyMitutoyo, provides many new features and benefits for Mitutoyo customers, including the ability for customers to search for Mitutoyo products they want, put them in a cart and then generate a quote online to send to a distributor using the new Distributor Locator feature.
The Distributor Locator lists Mitutoyo distributors or Mitutoyo M³ Solutions Centers nearest the zip code a customer enters in their profile during free registration. The Distributor Locator also can filter distributors for specific product groups, choose a preferred distributor, and send quotes to several different distributors if a customer chooses.
Mitutoyo customers can also register their Mitutoyo products to receive product-specific manuals, technical specifications, product use and maintenance videos, discounts, helpful hints and more.
Additionally, the End User Portal features a list of online metrology courses that offers registered users on-demand, self-paced education, and training just like being in the classroom, but with more flexibility.
Mitutoyo Corporation is the world's largest provider of measurement and inspection solutions offering the most complete selection of machines, sensors, systems, and services with a line encompassing CMM (coordinate measuring machines), vision, form and finish measuring machines, as well as precision tools and instruments, and metrology data management software. Mitutoyo's nationwide network of Metrology Centers and support operations provides application, calibration, service, repair, and educational programs to ensure that our 8,500+ metrology products will deliver measurement solutions for our customers throughout their lifetime.
Mitutoyo America Corporation
965 Corporate Boulevard, Aurora, IL 60502
Phone: (630) 820-9666;
Fax: (630) 820-2614
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Website: www.mitutoyo.com
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AUSTIN, Texas--(BUSINESS WIRE)--HUVRdata, Inc. (HUVR), a leading digital inspection workflows platform, and Cognite, a global leader in industrial software innovation, have partnered to provide industrial asset owners new levels of rich data access and analytics.
Combining the flexible data collection and reporting capabilities of HUVR with the hyper-scalable contextualization of the Cognite Data Fusion ™ platform, the companies are placing key asset data at the fingertips of their clients and enabling faster, more accurate insights and remediation. As an expert in digitizing industrial inspection and observation workflows and in collecting data from specialized inspection tools, HUVR's ability to collect and format relevant data is expanded exponentially by immediate access to related data from adjacent systems through Cognite Data Fusion.
Cognite Data Fusion allows for separate asset data to be shown in context with an asset's most recent inspection results, such as repair history and up-to-date time-series data. Locating this data can be too cumbersome and time-consuming to include in the normal inspection process because of siloed domains or different access permissions. Liberating the data to be shown in context and in real-time leads to better decision-making for reduced downtime, fewer accidents, and higher operational efficiency.
Bob Baughman, HUVR CEO, said, “HUVR’s platform was created to modernize inspection workflows and provide users with one place to collect data. Integrating HUVR with Cognite Data Fusion will bring increased value and capabilities to our clients and allow for further optimization and more profitable asset maintenance through greater, more efficient analytics.”
"Cognite Data Fusion breaks down silos and optimizes the broad availability and usability of industrial data to develop, operationalize, and scale industrial solutions and applications," said Trygve Ronningen, EVP of Operations for North America at Cognite. "Inspection workflows are a complex and important part of operational optimization and our partnership with HUVR enhances our customers' ability to deliver both profitable and sustainable solutions."
About HUVRdata, Inc.
HUVR provides software solutions to accelerate digital transformation in the Oil & Gas, Energy, and Maritime industries. Our technology and best practices enable our clients to transform Enterprise Asset Management into Smart Asset Governance. Our solutions portfolio empowers our clients to break down data silos and integrate imagery, inspection data, and legacy enterprise asset management databases. Through powerful analytics, HUVR provides visibility and actionable insights across all asset operations. Visit us at www.huvrdata.com and follow us on LinkedIn at: https://www.linkedin.com/company/huvrdata/.
About Cognite
Cognite is a global industrial SaaS company that was established with one clear vision: to rapidly empower industrial companies with contextualized, trustworthy, and accessible data to help drive the full-scale digital transformation of asset-heavy industries around the world. Our core Industrial DataOps platform, Cognite Data Fusion™, enables industrial data and domain users to collaborate quickly and safely to develop, operationalize, and scale industrial AI solutions and applications to deliver both profitability and sustainability. Visit us at www.cognite.com and follow us on Twitter @CogniteData or LinkedIn: https://www.linkedin.com/company/cognitedata.
Jenn Starr
Marketing Lead
512-371-6231
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ATHENS, Greece--(BUSINESS WIRE)--Danaos Corporation (NYSE: DAC), one of the world’s largest independent owners of containerships, announced today that it will release its results for the third quarter ended September 30, 2021, after the close of the market in New York on Monday, November 8, 2021.
The Company’s management team will host a conference call to discuss the results on Tuesday, November 9, 2021 at 9:00 A.M. ET.
Conference Call Details:
Participants should dial into the call 10 minutes before the scheduled time using the following numbers:
U.S. Toll Free Dial-in: 1 844 802 2437
U.K. Toll Free Dial-in: 0 800 279 9489
Standard International Dial-in: +44 (0) 2075 441 375
Please indicate to the operator that you wish to join the Danaos Corporation earnings call.
A telephonic replay of the conference call will be available until November 16, 2021 by dialing 1 877 344 7529 (US Toll Free Dial In) or 1-412-317-0088 (Standard International Dial In) and using 10161393# as your access code.
Audio Webcast:
A live audio webcast of the conference call will be available through the Danaos Corporation website (www.danaos.com). Participants of the live audio webcast should register on the website approximately 10 minutes prior to the start of the webcast. An archived version of the audio webcast will be available on the website within 48 hours of the completion of the call.
About Danaos Corporation
Danaos Corporation is one of the largest independent owners of modern, large-size containerships. Our fleet of 71 containerships aggregating 436,589 TEUs ranks Danaos among the largest containership charter owners in the world based on total TEU capacity. Our fleet is chartered to many of the world’s largest liner companies on fixed-rate charters. Danaos Corporation’s shares trade on the New York Stock Exchange under the symbol “DAC”.
Visit our website at www.danaos.com.
For further information:
Company:
Evangelos Chatzis
Chief Financial Officer
Danaos Corporation
Athens, Greece
Tel: +30 210 419 6480
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Iraklis Prokopakis
Senior Vice President & Chief Operating Officer
Danaos Corporation
Athens, Greece
Tel. +30 210 419 6400
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Investor Relations and Financial Media:
Rose & Company
New York
Tel. 212-359-2228
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MONTREAL--(BUSINESS WIRE)--Innovators of a cost efficient and sustainable lithium-ion battery recycling technology, Lithion Recycling, Inc., and Call2Recycle, a North American leader in battery collection and recycling, are pleased to announce a signed memorandum of understanding (MOU) to collaborate on providing a turnkey full-service management solution for safe and efficient recycling of Electric Vehicle (EV) batteries.
The combination of Lithion’s patented and innovative hydrometallurgical battery recycling process and Call2Recycle’s existing North American collection, transportation and logistics network will make this an ideal comprehensive, whole industry solution. Various clients within the EV sector, whether at the dealer level, manufacturing or dismantling, will benefit tremendously from this arrangement. In addition to transportation and recycling, the full-service solution explores safety and compliance, training, container arrangement, tracking and storage capability services.
“We have heard from vehicle and EV battery manufacturers that a combination of battery recycling innovation and the logistics expertise of managing the flow of these end of service batteries and the scrap material from the manufacturing process is the ultimate win. That is why we are proud to expand our relationship with Call2Recycle. Together, our organizations will be able to provide a best-in-class, full-service solution and fill an important need for the industry, ultimately making it easier to contribute to the circular economy.” – Benoit Couture, President and CEO of Lithion Recycling, Inc.
“Our organization has a solid track-record of managing the end-of-life logistics process and recycling of household and e-Mobility batteries in a regulatory compliant manner, and we are excited to augment our full-service management capabilities to the EV sector. This industry is growing at a tremendous pace and by collaborating with Lithion we feel our mutual expertise is stronger together.” - Joe Zenobio, Call2Recycle Canada’s President.
“The rapid adoption of EVs across North America creates new challenges and opportunities to encourage safe and responsible end-of-life management of those batteries. The agreement with Lithion will set the formal foundation for Call2Recycle’s expansion into electric vehicle battery logistics.” – Leo Raudys, Call2Recycle U.S. CEO and President.
During the coming year, the two organizations will explore opportunities for efficient integration for their respective services to collect, transport and recycle batteries from the EV industry across North America.
About Lithion Recycling, Inc.:
Lithion Recycling has developed an efficient and cost-effective process to recover strategic materials from end-of life and production waste of lithium-ion batteries. Lithion’s process allows up to 95% of battery components to be recovered and treated so that they can be reused by battery manufacturers, enabling to close the lifecycle in batteries. This technology accelerates the transition to green energy and helps meet decarbonization targets by reducing pressure on natural resource extraction. In 2023, Lithion is set to launch its first commercial recycling plant, drawing on data from a highly successful Quebec industrial-scale pilot plant created in 2019. Its goal is worldwide deployment, through licensing agreements, with a target of 20 recycling plants.
About Call2Recycle
Call2Recycle is North America’s premier battery stewardship, logistics, and recycling program operating with a commitment to safety and environmental excellence. After 25 years and nearly 100 million kilograms of batteries safely and responsibly recycled across North America, Call2Recycle offers partners – from rechargeable and primary consumer batteries to electric transport and electric vehicles – an effective and efficient way to address the battery management needs while ensuring compliance with provincial, state and national regulations. Call2Recycle Canada, Inc. operates out of its Toronto, Canada headquarters and Call2Recycle, Inc. out of its U.S. headquarters in Atlanta, Georgia.
Media Contact:
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Media:
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Project to provide 72MW of solar power, 36MW of battery storage for Valley Clean Energy customers
DAVIS, Calif. & DALLAS, Texas--(BUSINESS WIRE)--Leeward Renewable Energy (Leeward) and Valley Clean Energy (VCE) announced today that they have entered into a 15-year solar-plus-storage Power Purchase Agreement (PPA) involving Leeward’s 72-megawatt (MW) solar and 36 MW (144 megawatt-hour) battery storage Willow Springs 3 facility (Willow Springs 3) in Kern County, California.
VCE’s board of directors approved the PPA on October 14. The Willow Springs 3 project will supply enough reliable, clean electricity for approximately 27% of VCE’s 125,000 customers in Yolo County, CA by the end of 2023. The agreement will also support VCE in achieving its goal of having a 100 percent carbon-neutral portfolio by 2030. As part of the agreement, Leeward will contribute to VCE’s local workforce development and sustainability efforts in Yolo and Kern counties to support local hiring and training.
“Valley Clean Energy is proud to announce our partnership with Leeward in the Willow Springs 3 project,” said Dan Carson, VCE’s Board Chair and Davis City Councilmember. “The urgency of climate change demands that we add more new renewables to the grid, but our mission does not stop there. Bringing additional benefits to our community is a priority for VCE, and this agreement strengthens our communities where we need it most—with clean energy and good jobs.”
Willow Springs 3 will generate significant economic benefits for Kern County and create about 300 high-quality local jobs during construction. This announcement builds on Leeward’s momentum in the Antelope Valley, marking its fourth PPA serving the renewable energy needs of leading Community Choice Aggregators (CCAs) from its solar projects in Kern County.
“Willow Springs 3 will further enhance our ability to provide Californians with a cleaner, more reliable power grid. We are very excited to partner with Valley Clean Energy to not only expand the use of renewable energy throughout California, but also deliver additional benefits to the residents of Kern and Yolo Counties through local workforce engagement and sustainability initiatives,” said Leeward’s Senior Vice President of Development, Kathryn Arbeit.
Leeward will own and operate the facility. Construction will begin December 2021 and the project is expected to begin delivering energy to Valley Clean Energy by December 2023.
About Valley Clean Energy
Valley Clean Energy is a not-for-profit public agency formed in June 2018 to provide electrical generation service to customers in Woodland, Davis, Winters, and the unincorporated areas of Yolo County. VCE’s mission is to source cost-competitive clean electricity while providing product choice, price stability, energy efficiency, greenhouse gas emission reductions and reinvestment in the communities we serve.
About Leeward Renewable Energy, LLC
Leeward Renewable Energy is a leading renewable energy company that owns and operates a portfolio of 22 renewable energy facilities across nine states totaling approximately 2,000 megawatts of generating capacity. Leeward is actively developing new wind, solar, and energy storage projects in energy markets across the U.S., with 17 gigawatts under development spanning over 100 projects. Leeward is a portfolio company of OMERS Infrastructure, an investment arm of OMERS, one of Canada’s largest defined benefit pension plans with C$114 billion in net assets (as at June 30, 2021). For more information, visit www.leewardenergy.com.
For Leeward
Kelly Kimberly
Sard Verbinnen & Co.
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(713) 822-7538
For Valley Clean Energy
Rebecca Boyles
Valley Clean Energy
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(530) 446-2753
MALVERN, Pa.--(BUSINESS WIRE)--Saint-Gobain, through its building products subsidiary CertainTeed LLC, today announced the company has completed the installation of water recycling technology at its Kansas City insulation plant, which will reduce the plant’s consumption of water by 227 million gallons per year. The ambitious project comes only weeks after the company announced its new global Grow and Impact strategy, which includes reducing its consumption of natural resources at its production sites.
The CertainTeed plant in Kansas City is the largest insulation manufacturing site in the world and began operations in 1951. The plant uses water to help cool equipment and molten glass, which is eventually fiberized into fiberglass-based insulation material.
The technology installed this month will allow the plant to capture and reuse the vast majority of water used on its K11 and K12 production lines. Previously, this water would otherwise travel into the plant’s sewer drains. A team of 15 engineering, production and design professionals at CertainTeed worked over the past seven years to conceptualize and implement this $4.3 million project.
“Our water recycling project in Kansas City is a massive step forward in our company’s broader mission of maximizing our positive impact, for our customers and the communities where we do business, while minimizing our environmental footprint,” said Andrew Goldberg, Vice President and General Manager of CertainTeed Insulation Product Group. “We know that part of being a good business means being a good neighbor, and we strive to lead our industry toward a more sustainable future.”
CertainTeed’s water recycling efforts in Kansas City follow several other major investments this year towards improving CertainTeed’s environmental sustainability:
For more details on Saint-Gobain, visit www.saint-gobain.com and follow us on Twitter @saintgobain.
About CertainTeed
Through the responsible development of innovative and sustainable building products, CertainTeed, headquartered in Malvern, Pennsylvania, has helped shape the building products industry for more than 115 years. Founded in 1904 as General Roofing Manufacturing Company, the firm’s slogan “Quality Made Certain, Satisfaction Guaranteed,” inspired the name CertainTeed. Today, CertainTeed is a leading North American brand of exterior and interior building products, including roofing, siding, solar, fence, railing, trim, insulation, drywall and ceilings. www.certainteed.com.
About Saint-Gobain
Saint-Gobain designs, manufactures and distributes materials and solutions for the construction, mobility, healthcare and other industrial application markets. Developed through a continuous innovation process, they can be found everywhere in our living places and daily life, providing wellbeing, performance and safety, while addressing the challenges of sustainable construction, resource efficiency and the fight against climate change.
This strategy of responsible growth is guided by the Saint-Gobain purpose, “MAKING THE WORLD A BETTER HOME,” which responds to the shared ambition of all the women and men in the Group to act every day to make the world a more beautiful and sustainable place to live in.
€38.1 billion in sales in 2020
More than 167,000 employees, located in 70 countries
Committed to achieving Carbon Neutrality by 2050
David Rosen
Saint-Gobain Corporate Communications
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NEW YORK--(BUSINESS WIRE)--Funds advised by Searchlight Capital Partners, L.P. (“Searchlight”), a leading global private investment firm, today announced a definitive agreement to acquire a majority stake in Integrated Power Services (“IPS” or the “Company”), a leader in industrial aftermarket services. Searchlight acquired the Company from funds advised by Odyssey Investment Partners, LLC (“Odyssey”). Terms of the agreement were not disclosed.
Founded in 2007 and headquartered in Greenville, South Carolina, IPS provides maintenance, repair and replacement solutions for critical process equipment serving industrial and renewable energy end-markets in North America. With 33 service centers and field offices, IPS serves over 5,000 unique customer locations and covers equipment spanning motors, generators, pumps and power systems. The Company’s investment in advanced equipment infrastructure and a skilled technician workforce allows IPS to provide unmatched service quality, helping its customers mitigate the costs of equipment downtime.
“IPS is in the midst of accelerated growth of its capabilities to provide industry-leading aftermarket solutions across a range of essential infrastructure equipment for our broad base of customers,” said John Zuleger, Chief Executive Officer of IPS. “We would like to thank Odyssey, whose partnership and investment in IPS have created significant value for the business. We now look forward to partnering with Searchlight during this exciting time of growth and transformation.”
Elliott Weinstein, Managing Director at Searchlight, commented: "We are excited to partner with the senior leadership team at IPS who has established a track record of operational excellence and positioned the Company as a leader in its field. Going forward, IPS has a unique growth opportunity in existing and new markets as well as across the types of equipment serviced."
Eric Zinterhofer, a Founding Partner of Searchlight, added: “The diverse and highly re-occurring nature of IPS’ customer base illustrates the differentiated service quality that the Company is able to provide its customers. With a proven management team and a superior customer value proposition, IPS has an exciting opportunity to continue its strong growth trajectory in a fragmented market.”
The transaction is subject to receipt of customary regulatory approvals and is expected to close later this year.
About Searchlight Capital Partners, L.P.
Searchlight is a global private investment firm with over $9 billion in assets under management and offices in New York, London and Toronto. Searchlight seeks to invest in businesses where its long-term capital and strategic support accelerate value creation for all stakeholders. For more information, please visit www.searchlightcap.com.
About Odyssey Investment Partners
Odyssey Investment Partners, with offices in New York and Los Angeles, is a leading private equity investment firm with more than a 25-year history of partnering with skilled managers to transform middle-market companies into more efficient and diversified businesses with strong growth profiles. Odyssey makes majority-controlled investments in industries with a long-term positive outlook and favorable secular trends. For further information about Odyssey, please visit www.odysseyinvestment.com.
Searchlight Capital
Prosek Partners
Sam Reinhardt
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(212) 279-3115
BELOIT, Wis.--(BUSINESS WIRE)--#missioncriticalperformance--Fairbanks Morse Defense (FMD), an Arcline Investment Management portfolio company, announced that Robert Starr is joining the executive team as Chief Financial Officer (CFO). In this role, he will lead the corporate finance team and oversee all financial reporting for the company.
“Rob’s background working with commercial and military customers makes him a great fit for the Fairbanks Morse Defense team,” said George Whittier, CEO of FMD. “His ability to manage the finances of large companies as they go through periods of robust growth and transformation will be critical to our future success as he offers unique insight into the challenges and opportunities associated with expanding FMD’s capabilities and geographic presence. We know he will be a valuable asset to our team.”
Before joining FMD, Starr spent more than a decade as part of the leadership team for Kaman Corporation, a leading provider to commercial and military aerospace customers. He served in the roles of Executive Vice President and CFO, as well as Vice President and Treasurer. Starr has also served in numerous finance-adjacent roles throughout his career, including Assistant Treasurer at Crane Co. of Stamford, Connecticut; Managing Director of Corporate Finance at Aetna, Inc. of Hartford, Connecticut; and Director of Capital Markets and Risk Management at Fisher Scientific International, Inc. of Hampton, New Hampshire.
Starr earned a Bachelor of Business Administration from the University of Michigan and a Master of Business Administration from the University of Chicago.
About Fairbanks Morse Defense
Fairbanks Morse Defense (FMD) is the leading provider of the highest value equipment for naval defense customers. For more than 100 years, FMD has been a principal supplier of reliable power systems, parts, and aftermarket services to the U.S. Navy, U.S. Coast Guard, Military Sealift Command, and the Canadian Coast Guard. Through its six strategically located service centers and a robust aftermarket team, FMD is able to provide round-the-clock field service and parts support. Additionally, its suite of full lifecycle solutions extends asset life and enables it to run more efficiently. With a growing portfolio of companies under the FMD brand, the company continues to integrate these mission-critical products and innovative service solutions to power marine defense. FMD, a portfolio company of Arcline Investment Management, is based in Beloit, Wisconsin.
Learn more about FMD by visiting www.FairbanksMorseDefense.com.
Media Contact:
Mercom Capital Group
Michelle Hargis
1.512.215.4452
www.mercomcapital.com
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HOUSTON--(BUSINESS WIRE)--PNC Bank, National Association, as the successor Trustee of the San Juan Basin Royalty Trust (the “Trust”) (NYSE:SJT), today declared a monthly cash distribution to the holders of its Units of beneficial interest (the “Unit Holders”) of $3,155,671 or $0.067705 per Unit, based primarily upon the reported production during the month of August 2021. The distribution is payable November 15, 2021, to Unit Holders of record as of October 29, 2021.
Hilcorp reported gross revenue of $7,582,753 and gross production costs of $3,175,587 for the production month of August 2021. The gross production costs consist of lease operating expenses of $2,130,925, severance taxes of $1,030,204, and capital costs of $14,458.
For the production month of August 2021, Hilcorp reported to the Trust profits of $4,407,166 gross ($3,305,374.43 net to the Trust).
Based upon information provided to the Trust by Hilcorp, gas production for the subject interests totaled 2,171,709 Mcf (2,413,010 MMBtu) for August 2021, as compared to 2,147,718 Mcf (2,386,353 MMBtu) for July 2021. Dividing revenues by production volume yielded an average gas price for August 2021 of $3.37 per Mcf ($3.04 per MMBtu), as compared to an average gas price for July 2021 of $3.28 per Mcf ($2.96 per MMBtu).
Hilcorp has informed the Trust that, in accordance with its new accounting system implementation, it is continuing to report to the Trust based on actual revenue and expenses for operated wells since the production month of June 2021. Hilcorp has advised the Trust that it still expects that by the end of 2021 it will complete the process of actualizing, accounting for and reporting to the Trust the operated revenue and severance tax computations for the four production months (January through April 2021). At this time the amount of these actualizations is unknown.
The Trustee continues to engage with Hilcorp regarding its ongoing accounting and reporting to the Trust, and the Trust’s third-party compliance auditors continue to audit all payments made by Hilcorp to the Trust, including adjustments, true-ups, and recoupments. The Trustee continues to consult with outside counsel to review the rights of the Trust with respect to these matters and to evaluate any available potential legal remedies.
On June 1, 2021, The PNC Financial Services Group, Inc. (“PNC”) announced that it had completed the purchase of BBVA USA Bancshares, Inc., a financial holding company, including its U.S. banking subsidiary, BBVA USA, an Alabama-chartered bank and trustee of the Trust (“BBVA USA”). On October 8, 2021, PNC Bank, National Association, an indirect wholly owned subsidiary of PNC (“PNC Bank”), succeeded BBVA USA as the trustee of the Trust following BBVA USA’s merger with and into PNC Bank.
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PNC Asset Management Group |
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James R. Wilharm, Senior Vice President and Director of Trust Real Estate Services |
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Kaye Wilke, Investor Relations, toll-free: (866) 809-4553 |
Except for historical information contained in this news release, the statements in this news release are forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements generally are accompanied by words such as “estimates,” “anticipates,” “could,” “plan,” or other words that convey the uncertainty of future events or outcomes. Forward-looking statements and the business prospects of San Juan Basin Royalty Trust are subject to a number of risks and uncertainties that may cause actual results in future periods to differ materially from the forward-looking statements. These risks and uncertainties include, among other things, certain information provided to the Trust by Hilcorp, volatility of oil and gas prices, governmental regulation or action, litigation, and uncertainties about estimates of reserves. These and other risks are described in the Trust’s reports and other filings with the Securities and Exchange Commission.
James R. Wilharm, Senior Vice President and Director of Trust Real Estate Services
Kaye Wilke, Investor Relations, toll-free: (866) 809-4553
303 Battery, the world’s first net zero energy high-rise apartment building, will also supply affordable housing for Seattle community
SEATTLE--(BUSINESS WIRE)--Today Sustainable Living Innovations (SLI) announced that it has begun installing the high-performance building panels that will make up the 15-story building under construction in Seattle’s Belltown neighborhood. SLI broke ground on 303 Battery in June. When complete, 27 of the 112 total apartments will be designated as affordable.
SLI’s patent-protected technology platform is a new way to build, using wall and floor panels that are manufactured with electrical wiring, plumbing, mechanical, fire safety and network systems equipment pre-installed. By designing and manufacturing buildings like cars and airplanes, SLI’s high-rise buildings go up faster and are more energy-efficient than conventional buildings.
“This is an important milestone for sustainability, for our company, our employees, our investors and so many others who have supported us,” said Arlan Collins, CEO of SLI. “The manufacture and installation of panels is the culmination of many hard years of effort.”
303 Battery will be the world’s first multifamily tower to meet the stringent net zero energy requirements set by the International Living Future Institute’s Living Building Challenge program, the same organization that certified Seattle’s Bullitt Center. Features include solar on the building’s roof, exterior walls and balconies in each unit, greywater and waste heat recovery systems, ultra-efficient hydronic heating and cooling systems, regenerative elevator motors, distributed DC power systems, and SLI’s advanced network systems and data management platform to ensure optimal building operations.
With 303 Battery’s sub-basement and foundation complete, the building’s approximately 900 panels that were manufactured in SLI’s Tacoma facility are being assembled on site. Ten primary panel types will be used in the construction of 303 Battery, with panels for walls, floors and ceilings of each room - living room, kitchen, bedroom, bathroom -- and specialized elevator panels.
303 Battery will be complete in summer 2022 and has been pre-sold to Equity Residential (NYSE: EQR). Equity Residential is an S&P 500 company focused on the acquisition, development and management of rental apartment properties located in urban and high-density suburban markets.
About Sustainable Living Innovations
Sustainable Living Innovations (SLI) is a building technology and product development company that is disrupting the world’s largest addressable market by reimagining how buildings are designed, built, and operated. The company is revolutionizing the built environment by producing technology-enabled finished buildings that exceed the world’s most stringent sustainability standards and also help solve the affordable housing crisis. SLI designs, develops, and manufactures complete technology-enabled buildings using proprietary, high-performance building panels complete with integrated mechanical, electrical, plumbing, fire safety and network systems infrastructure. SLI’s finished buildings are more sustainable, as well as faster to design and complete versus conventional buildings. The company employs more than 80 people with offices in Seattle and Denver and operates a showroom in Seattle and a manufacturing facility in Tacoma, Washington.
Suzette Riley, This email address is being protected from spambots. You need JavaScript enabled to view it.; 206-409-1960
Milan-based Electric Mobility Company Leverages the Ascend Platform for an 80% Reduction in Time Spent Building and Managing End-to-End Data Pipelines
PALO ALTO, Calif.--(BUSINESS WIRE)--Ascend.io, the data engineering company, today announced that Be Power, a company dedicated to the diffusion of charging infrastructures for electric mobility, has deployed the Ascend Unified Data Engineering Platform to significantly increase its data engineering velocity. Instead of pursuing custom-built solutions, Be Power leverages Ascend to dynamically generate and optimize autonomous data pipelines in a fraction of the time. To design and implement the solution, Be Power worked with Moviri, the EMEA-based Ascend partner offering bespoke end-to-end business analytics solutions for enterprise businesses.
“The Ascend platform is a phenomenal application for data engineering in companies like Be Power, which benefits from an end-to-end platform like Ascend instead of investing in custom open-source solutions that take massive amounts of time and effort to build and operate,” said Paolo Esposto, chief data officer, Be Power. “I’ve searched for something like Ascend for a long time.”
Headquartered in Milan, Italy, Be Power is a high-tech company that aims to radically transform the energy sector by bringing together the fields of energy and mobility through the innovative management of digital flows. Through its subsidiaries, Be Charge and 4energia, Be Power offers charging services for electric vehicles with a nationwide public charging infrastructure. The company also offers flexible services for the national energy grid by aggregating distributed energy resources in real-time, at scale. With the Ascend platform, Be Power was able to reduce time spent building data pipelines by 80%, while at the same time massively lessening the burden on the data engineering team for the production and monitoring phases.
“As a key innovator in the electric mobility sector, Be Power understands just how valuable data productivity is to their business,” said Sean Knapp, founder and CEO of Ascend.io. “With Ascend, Be Power has been able to leap-frog the complexity created by traditional ETL and open-source tools. Be Power’s data teams have vastly increased their productivity and can focus even more energy on innovating with data, creating greater value for the business and their consumers.”
Working together, Moviri, Ascend.io, and Be Power conducted an extensive evaluation, the outcome of which demonstrated dramatically increased data team productivity, ease of building and debugging data pipelines, and the ability to operate under tight infrastructure budget constraints.
As Moviri Analytics Business Development Manager Matteo Longoni explains, “One of Moviri’s key strengths is the ability to anticipate technological trends that will have a positive impact on our customers’ business. We have already been working with Be Power for some time and, in Ascend, we found an innovative technology and the ideal solution to help Be Power rethink data pipeline management while opening new fruitful partnerships in the market. This represents a tangible example of Moviri’s role in identifying and supporting the adoption of advanced solutions to accelerate our customer’s business.”
To learn more about the Ascend platform, schedule a demo with one of Ascend.io’s data engineers.
Additional Resources
About Ascend.io
Ascend.io, the data engineering company named a 2021 Gartner Cool Vendor, provides the most advanced automation for data and analytics engineering workloads. Ascend unifies the core capabilities of data engineering—data ingestion, transformation, delivery, orchestration, and observability—into a single platform so that data teams deliver 10x faster. With 96% of data teams already at or over capacity, engineering productivity is a top priority for enterprises. Ascend’s Flex-code user interface empowers any member of the data team—from data engineers to data scientists to data analysts—to quickly and easily build and deliver on the data and analytics workloads they need. And with Ascend’s DataAware™ intelligence, data teams no longer spend hours carefully orchestrating brittle data workloads and instead rely on advanced automation to optimize the entire data lifecycle. Ascend runs natively on data lakes and warehouses and in AWS, Google Cloud and Microsoft Azure.
Andrew Smith
Bhava Communications for Ascend.io
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BEIT YANAI, Israel--(BUSINESS WIRE)--ElectReon (TASE: ELWS.TA), the leading provider of in-road wireless electric vehicle charging technology for commercial, public service, and passenger vehicles, announced today the successful launch of the first fully operational bus utilizing the company’s wireless charging infrastructure in the city of Visby in Gotland, Sweden. Implemented by a consortium of partners, the Smartroad Gotland project began operations in early 2020 and is one of four Electric Road demonstration projects currently being funded by the Swedish Transport Administration, Trafikverket.
Having supported Electric Road Systems (“ERS”) R&D programs for over a decade, Sweden is a pioneer in pursuing multiple ERS demonstration projects in preparation for large-scale fully commercial pilots with the goal of decreasing emissions, utilizing existing infrastructure and enabling cooperation between public authorities, industry, universities and politics in a cost-effective manner. As a great supporter of innovation, Gotland has proven to become an ideal testing ground for these innovative charging infrastructure systems due to the ease of collaboration between key project stakeholders as well as testing in real-world conditions and harsh wintery as ice and snow.
After implementing the first stretch of the wireless infrastructure in November 2019, the original deployment of this project was completed in the fall of 2020. Since then, the fully electric, 40-ton truck and trailer have successfully conducted tests on 1.6 km of road between the airport and city center of Visby, reached speeds up to 80 km/h, and as a result, received an average power of 70 kW from the electrified roadway.
“As one of ElectReon’s first deployments on public roads, it is exciting to see the Smartroad Gotland project meeting critical milestones,” said Oren Ezer, CEO of ElectReon. “By highlighting how a bus can successfully charge while en route in real-world environments, such as Gotland, it is clear that wireless charging solutions can provide cities a more convenient, cost-efficient and sustainable way to shift towards an electric future. We look forward to continuing this momentum towards large-scale implementation of our technology on Sweden’s roads.”
As a pre-commercial demonstration project, the Smartroad Gotland project will end in spring of 2022 but marks a critical step change for Sweden as it works to commercialize large-scale electric road systems throughout the country. By doing so, Sweden will be on track to reach its national target of installing 2,000 km of electric highways by 2030 and achieve net zero emissions by 2045.
“We are very happy to be a part of this world-unique investment in fossil-free solutions", says Martin Yang, Sales Director of HIGER in the European market. "Electreon's wireless technology works excellently with our electric vehicles and we are now ready to mass produce vehicles with the new technology. We look forward to participating in the development of future charging, static and dynamic."
About ElectReon
ElectReon is the leading provider of wireless charging solutions for electric vehicles (EVs), providing end-to-end charging infrastructure and services to meet the needs and efficiency demands of shared, public and commercial fleet operators and consumers. The company’s proprietary inductive technology dynamically (while in motion) and statically (while stopped) charges EVs quickly and safely, eliminating range anxiety, lowering total costs of EV ownership, and reducing battery capacity needs—making it one of the most environmentally sustainable, scalable, and compelling charging solutions available today. ElectReon works with cities and fleet operators on a charging as a service (CaaS) platform that enables cost-effective electrification of public, commercial, and autonomous fleets for smooth and continuous operation. For more information, visit electreon.com.
Media Contact
Katelyn Davis
On behalf of ElectReon
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NEW YORK--(BUSINESS WIRE)--Aqara, a leading provider of smart home products, announced the launch of its Professional Partners Program for smart home installers and integrators. Utilizing Aqara’s decade-long experience in the smart home industry and its comprehensive suite of smart home products, advanced technologies, solutions, and tools, the Professional Partners Program aims to support professional installers in enhancing their service offerings and growing their businesses. The Program also welcomes the broader professional community, such as shading control installers, smart lock locksmiths, home theater installers, interior designers and electricians, to join the Aqara partner network.
With years of experience in offering high-quality products to global consumers, Aqara now seeks to join forces with the professional community to boost adoption of the smart home technology worldwide. As part of Aqara Partners Program, participants will enjoy:
Starting in October 2021, Aqara has launched an exclusive Smart Roller Shade Controller Package as the first promotional event within the Professional Partners Program for a limited time. The Smart Roller Shade Controller is the global version of Aqara’s most popular roller shade motor, which is designed to automate a variety of roller blinds and even projector screens. Bound with an Aqara hub, the controller allows roller shades to be controlled by mobiles, voice commands (Apple Siri, Google Assistant, Yandex Alice, Naver Clova, etc.), pre-set schedules, and via home automations in which roller shades could be triggered by illumination condition, human motion, room temperature, etc.
To learn more about the Professional Partners Program or register for the Smart Roller Shade Controller Package, please visit our website.
About Aqara
Founded in 2016, Aqara is a leading smart home provider with offices in New York and Shenzhen. The Company provides comprehensive smart home products and solutions that are beautifully designed, long-lasting, and easy to use. Products range from a variety of smart sensors to switches, curtain controllers, and smart door locks. Over the last few years, Aqara has opened more than 600 Aqara stores to provide more personalized smart home solutions for individual households and businesses.
Aqara currently serves more than 2 million customers worldwide, with distribution partners in the United States, EU, Russia, Southeast Asia, Korea, and China. The Company also offers one of the most comprehensive suite of HomeKit compatible smart home solutions in the market, and its products can also be found in Apple Stores across Europe and Asia. As the Company continues to expand its global footprint, Aqara hopes to bring more accessible, smart home technology to households around the world.
For more information, please visit our website and follow our social platforms.
Michell Li
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Phone number: 8618501199430
DUBLIN--(BUSINESS WIRE)--The "Terminal Automation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The global terminal automation market reached a value of US$ 4.2 Billion in 2020. Looking forward, the market is expected to grow at a CAGR of around 6% during 2021-2026.
Companies Mentioned
Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Terminal automation refers to the process of automating various control functions of equipment or machinery in a warehouse or manufacturing unit. A terminal is a storage facility for oil, gas, chemicals and other products that need to be transported to the point of sale (POS). Terminal automation systems (TAS) consist of various mechanical, hydraulic, pneumatic, electronic and computerized systems to control equipment and processes. They offer centralized and systematic control over the entire product handling process, which involves bulk loading, receiving, reconciling, storing and distributing products. They provide various other benefits, such as reduced operational and maintenance costs, improved productivity and enhanced security of assets and human resources.
Significant growth in the oil and gas industry, along with increasing industrial automation, is one of the key factors creating a positive impact on the market. Terminal operators are utilizing automated systems that improve the productivity and efficiency of the terminal by handling larger vessels with greater holding capacities. In line with this, widespread adoption of terminals for blending, storing and handling biofuels is stimulating the market growth. Additionally, the development of technologically advanced automation solutions and the integration of the Industrial Internet of Things (IIoT) and cloud-computing, are acting as other growth-inducing factors. These solutions offer improved support and monitoring of remote sites, cloud-based tracking, smart event processing and administration of unmanned operations. Other factors, including the increasing investments to upgrade existing terminals, especially in developing countries, along with the growing adoption of wireless technologies, are anticipated to drive the market further.
Key Questions Answered in This Report
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Terminal Automation Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Offering
7 Market Breakup by Project Type
8 Market Breakup by Vertical
9 Market Breakup by Region
10 SWOT Analysis
11 Value Chain Analysis
12 Porters Five Forces Analysis
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/yqanot
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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CARY, N.C.--(BUSINESS WIRE)--#TMS--MercuryGate® International, Inc., (MercuryGate) the largest, dedicated transportation management system (TMS) provider, today announced it has been named one of the winners of the 2022 FreightTech 100 Awards by FreightWaves, the industry-leading provider of data, analytics, and news for the global supply chains and logistics.
“The supply chain is all about people,” said MercuryGate President & CEO Joe Juliano. “If this year taught us anything, it is how vital the supply chain is to our local and global communities - the front line and the bottom line. We are grateful for this recognition and remain dedicated to serving the critical needs of global freight and logistics needs, domestically and internationally.”
Now in its fourth year, the FreightTech 100 shines a spotlight on some of the most innovative companies across the supply chain, transportation, and logistics, including more than 30 companies appearing on the list for the first time ever. See the full list here.
“Supply chain challenges around the world are driving unprecedented investment and innovation in freight technology,” said Craig Fuller, CEO of FreightWaves. “The companies on this list have not only adapted but are leading the way into the future.”
According to FreightWaves, hundreds of companies were nominated for this years’ FreightTech 100, with more than half of the winners returning for their third or fourth year. Companies are nominated for the list by industry peers, customers, FreightWaves readers and industry experts.
Each of the companies in the FreightTech 100 will also be eligible to be named to the FreightTech 25, an exclusive list selected and ranked by a handpicked peer group of CEOs, industry leaders and freight investors. The FreightTech 25 will be announced at the F3 Virtual Experience, Nov. 9-11, 2021.
About FreightWaves
FreightWaves is the world’s leading provider of freight market forecasting, data, news and analysis. Logistics and supply chain firms depend on FreightWaves for benchmarking, analytics, monitoring and forecasting of pricing, capacity, demand, energy and carbon intelligence. The company provides the freshest data and market insights through SONAR, a subscription SaaS platform, and through the world’s largest streaming media network focused on logistics and supply chain information.
FreightWaves SONAR provides near real-time freight market data and supply chain intelligence to 500+ enterprises. FreightWaves Carbon Intelligence provides supply chain firms with transparency on carbon emissions and solutions to achieve carbon neutrality.
FreightWaves Media operates the FreightWaves, American Shipper and Modern Shipper brands. FreightWaves Media serves more than 1.5 million unique monthly visitors on its websites, generates 15 million monthly minutes of streaming TV and 100,000 monthly podcast downloads.
About MercuryGate
MercuryGate provides powerful transportation management solutions proven to be a competitive advantage for today’s most successful shippers, 3PLs, freight forwarders, brokers, and carriers. MercuryGate’s solutions are unique in their native support of all modes of transportation on a single platform including Parcel, LTL, Truckload, Air, Ocean, Rail, and Intermodal. Through the continued release of innovative, results-driven technology and a commitment to making customers successful, MercuryGate delivers exceptional value for TMS users through improved productivity and operational efficiency. MercuryGate offers business intelligence to improve transportation processes, increase customer satisfaction, and reduce costs. Find out why MercuryGate has set the industry standard for the most adaptable, comprehensive transportation solutions suite in the industry at www.mercurygate.com or on Twitter at @MercuryGate.
Media Contact:
Alanna King
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NEW YORK--(BUSINESS WIRE)--GS Acquisition Holdings Corp II (“GSAH”) (NYSE: GSAH) today announced that its stockholders approved the proposals that were conditions to closing of the previously announced business combination with Mirion Technologies, Inc. (“Mirion” or the “Company”) at a special meeting of stockholders held today. A Form 8-K disclosing the full voting results is expected to be filed with the Securities and Exchange Commission.
The closing of the Business Combination is expected to occur on or about October 20, 2021, subject to the satisfaction or waiver of all closing conditions. Following closing, the combined company will be known as Mirion Technologies, Inc. and its Class A common stock and warrants are expected to trade on the New York Stock Exchange under the new ticker symbols “MIR” and “MIRW”, respectively.
The deadline for GSAH stockholders to withdraw any election to have their shares redeemed in connection with the Business Combination will be 5:00 p.m. Eastern Time on Tuesday, October 19, 2021. Stockholders who wish to withdraw a redemption request should contact GSAH’s transfer agent, Continental Stock Transfer & Trust Company, by email at This email address is being protected from spambots. You need JavaScript enabled to view it..
About Mirion
Mirion Technologies is a leading provider of detection, measurement, analysis and monitoring solutions to the nuclear, defense, medical and research end markets. The organization aims to harness its unrivaled knowledge of ionizing radiation for the greater good of humanity. Many of the company's end markets are characterized by the need to meet rigorous regulatory standards, design qualifications and operating requirements. Headquartered in Atlanta (GA – USA), Mirion employs around 2,500 people and operates in 13 countries. For more information, and for the latest news and content from Mirion, visit Mirion.com. Mirion is currently a portfolio company of Charterhouse Capital Partners, LLP.
About GSAH
GS Acquisition Holdings Corp II (NYSE: GSAH) is a special purpose acquisition company formed for the purpose of effecting merger, stock purchase or similar business combination with one or more businesses. The company is sponsored by an affiliate of The Goldman Sachs Group, Inc. In June 2020, GSAH completed its initial public offering, raising $750 million from investors.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, statements regarding the closing of the business combination and the listing of Mirion’s securities on the New York Stock Exchange. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this press release, words such as “pro forma,” “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “strive,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. When GSAH or Mirion discusses its strategies or plans, including as they relate to the potential transaction, it is making projections, forecasts and forward-looking statements. Such statements are based on the beliefs of, as well as assumptions made by and information currently available to, GSAH’s or Mirion’s management.
These forward-looking statements involve significant risk and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside GSAH’s and Mirion’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) GSAH’s ability to complete the potential transaction or, if GSAH does not complete the potential transaction, any other initial business combination; (2) satisfaction or waiver (if applicable) of the conditions to the potential transaction, including with respect to the approval of the stockholders of GSAH; (3) the ability to maintain the listing of the combined company’s securities on the New York Stock Exchange; (4) the inability to complete the private placement; (5) the risk that the proposed transaction disrupts current plans and operations of GSAH or Mirion as a result of the announcement and consummation of the transaction described herein; (6) the ability to recognize the anticipated benefits of the proposed transaction, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (7) costs related to the proposed transaction; (8) changes in applicable laws or regulations and delays in obtaining, adverse conditions contained in, or the inability to obtain necessary regulatory approvals required to complete the potential transaction; (9) the possibility that GSAH and Mirion may be adversely affected by other economic, business, and/or competitive factors; (10) the outcome of any legal proceedings that may be instituted against GSAH, Mirion or any of their respective directors or officers, following the announcement of the potential transaction; (11) the failure to realize anticipated pro forma results or projections and underlying assumptions, including with respect to estimated stockholder redemptions, purchase price and other adjustments; (12) future global, regional or local political, market and social conditions, including due to the COVID-19 pandemic; and (13) other risks and uncertainties indicated from time to time in the definitive proxy statement/prospectus of GSAH, including those under “Risk Factors” therein, and other documents filed or to be filed with the Securities and Exchange Commission (“SEC”) by GSAH.
Forward-looking statements included in this release speak only as of the date of this release. Neither GSAH nor Mirion undertakes any obligation to update its forward-looking statements to reflect events or circumstances after the date of this release. Additional risks and uncertainties are identified and discussed in GSAH’s reports filed with the SEC and available at the SEC’s website at http://www.sec.gov.
Disclaimer
This press release relates to the proposed business combination. This document does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
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GS Acquisition Holdings Corp II
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Patrick Scanlan
Goldman Sachs & Co. LLC
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