HOUSTON--(BUSINESS WIRE)--$XPRO #XPRO--Expro Group Holdings N.V. (NYSE: XPRO), an international energy services company with market leadership in well access and well flow optimization, today announced that, in connection with the closing of the previously announced merger of Frank’s International and Expro Group Holdings International, the Company granted restricted stock unit awards to six employees of Expro Group or its subsidiaries as inducement awards pursuant to New York Stock Exchange Listing Rule 303A.08, representing an aggregate of 645,139 shares of Company common stock assuming target performance levels are achieved. These inducement grants consist of: (i) time-based restricted stock units (“RSUs”) that vest in three installments on February 22, 2023, February 22, 2024 and February 22, 2025, and (ii) performance-based RSUs that vest based on the Company’s relative total stockholder return performance over the three-year period ending December 31, 2023 and may be earned at 0% to 200% of target. Michael Jardon, the Company’s chief executive officer, was granted 113,062 time-based RSUs and 169,593 performance RSUs; Quinn Fanning, the Company’s chief financial officer, was granted 68,178 time-based RSUs and 45,452 performance RSUs; Alistair Geddes, the Company’s chief operating officer, was granted 61,360 time-based RSUs and 40,907 performance RSUs; Michael Bentham, the Company’s principal accounting officer, was granted 15,299 time-based RSUs and 10,199 performance RSUs; John McAlister, the Company’s general counsel, was granted 38,350 time-based RSUs and 25,567 performance RSUs; Karen David-Green, the Company’s chief communications, stakeholder and sustainability officer, was granted 19,816 time-based RSUs and 13,211 performance RSUs; and Keith Palmer, the Company’s primary integration lead, was granted 14,488 time-based RSUs and 9,659 performance RSUs.

ABOUT EXPRO

Working for clients across the entire well life cycle, Expro is a leading provider of energy services, offering cost-effective, innovative solutions and best-in-class safety and service quality. The company’s extensive portfolio of capabilities spans well construction, well flow management, subsea well access, and well integrity and intervention.

Founded in 1938, Expro has more than 6,600 employees and provides services and solutions to leading exploration and production companies in both onshore and offshore environments in approximately 60 countries with over 100 locations.

For more information, please visit: expro.com and connect with Expro on Twitter @ExproGroup and LinkedIn @Expro.

Expro Contacts:

Investors:
Karen David-Green – Chief Communications, Stakeholder & Sustainability Officer
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+1 281 994 1056

Media:
Hannah Rumbles – Global Marketing and Communications Manager
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+44 1224 796 729

Offers are for 23 Series of Notes Issued by Chevron and Certain of its Subsidiaries

SAN RAMON, Calif.--(BUSINESS WIRE)--This news release corrects a prior version published on October 4, 2021 at 9:00 a.m. (Eastern time) and is updated to revise the fixed spread figures of the series of notes listed as Acceptance Priority Level #19, #20 and #23 in the chart. The corrected news release is set forth below.

CHEVRON ANNOUNCES $2 BILLION NOTE TENDER OFFERS

Offers are for 23 Series of Notes Issued by Chevron and Certain of its Subsidiaries

Chevron Corporation (“Chevron”, NYSE: CVX) today announced the commencement of 23 separate offers (the “Offers”) to purchase for cash up to $2.0 billion aggregate principal amount of outstanding notes of the series listed in the table below (collectively, the “Notes”). Subject to the Maximum Purchase Condition (as defined below), the series of Notes that are purchased in the Offers will be based on the acceptance priority levels (each, an “Acceptance Priority Level”) set forth in the table below. If a given series of Notes is accepted for purchase pursuant to the Offers, all Notes of that series that are validly tendered will be accepted for purchase. No series of Notes will be subject to proration pursuant to the Offers.

The Offers are made upon the terms and subject to the conditions set forth in the Offer to Purchase dated October 4, 2021 relating to the Notes (the “Offer to Purchase”) and the accompanying notice of guaranteed delivery (the “Notice of Guaranteed Delivery”) and, as applicable, the letter of transmittal (the “Letter of Transmittal” and, together with the Offer to Purchase and Notice of Guaranteed Delivery, the “Tender Offer Documents”). Capitalized terms used but not defined in this announcement have the meanings given to them in the Offer to Purchase.

The Offers will each expire at 5:00 p.m. (Eastern time) on October 8, 2021, unless extended or earlier terminated (such date and time with respect to an Offer, as the same may be extended with respect to such Offer, the “Expiration Date”). Notes may be validly withdrawn at any time at or prior to 5:00 p.m. (Eastern time) on the Expiration Date (such date and time with respect to an Offer, as the same may be extended with respect to such Offer, the “Withdrawal Date”), but not thereafter, unless extended by Chevron.

For Holders who deliver a Notice of Guaranteed Delivery and all other required documentation at or prior to the Expiration Date, upon the terms and subject to the conditions set forth in the Tender Offer Documents, the deadline to validly tender Notes using the Guaranteed Delivery Procedures will be the second business day after the Expiration Date and is expected to be 5:00 p.m. (Eastern time) on October 13, 2021 (the “Guaranteed Delivery Date”).

The Initial Settlement Date will be the first business day after the Expiration Date and is expected to be October 12, 2021. The Guaranteed Delivery Settlement Date will be the first business day after the Guaranteed Delivery Date and is expected to be October 14, 2021. Each of the Initial Settlement Date and the Guaranteed Delivery Settlement Date is herein referred to as a “Settlement Date.”

Upon the terms and subject to the conditions set forth in the Offer to Purchase, Holders whose Notes are accepted for purchase in the Offers will receive the applicable Total Consideration for each $1,000 principal amount of such Notes in cash on the applicable Settlement Date. Promptly after 2:00 p.m. (Eastern time) on October 8, 2021, the Price Determination Date, unless extended with respect to any Offer, Chevron will issue a press release specifying, among other things, the Total Consideration for each series of Notes validly tendered and accepted.

In addition to the applicable Total Consideration, Holders whose Notes are accepted for purchase will receive a cash payment equal to the accrued and unpaid interest on such Notes from and including the immediately preceding interest payment date for such Notes to, but excluding, the Initial Settlement Date (the “Accrued Coupon Payment”). Interest will cease to accrue on the Initial Settlement Date for all Notes accepted in the Offers and Holders whose Notes are tendered pursuant to the Guaranteed Delivery Procedures and are accepted for purchase will not receive payment in respect of any interest for the period from and including the Initial Settlement Date.

The Company’s obligation to complete an Offer with respect to a particular series of Notes validly tendered is conditioned on the satisfaction of conditions described in the Offer to Purchase, including that the aggregate principal amount purchased for the Offers (the “Aggregate Purchase Amount”) not exceed $2,000,000,000 (the “Maximum Purchase Amount”), and on the Maximum Purchase Amount being sufficient to include the aggregate principal amount of all validly tendered Notes of such series (after accounting for all validly tendered Notes that have a higher Acceptance Priority Level) (the “Maximum Purchase Condition”). Chevron reserves the right, but is under no obligation, to increase or waive the Maximum Purchase Amount, in its sole discretion subject to applicable law, with or without extending the Withdrawal Date. No assurance can be given that Chevron will increase or waive the Maximum Purchase Amount. If Holders tender more Notes in the Offers than they expect to be accepted for purchase based on the Maximum Purchase Amount and Chevron subsequently accepts more than such Holders expected of such Notes tendered as a result of an increase of the Maximum Purchase Amount, such Holders may not be able to withdraw any of their previously tendered Notes. Accordingly, Holders should not tender any Notes that they do not wish to be accepted for purchase.

If the Maximum Purchase Condition is not satisfied with respect to each series of Notes, for (i) a series of Notes (the “First Non-Covered Notes”) for which the Maximum Purchase Amount is less than the sum of (x) the Aggregate Purchase Amount for all validly tendered First Non-Covered Notes and (y) the Aggregate Purchase Amount for all validly tendered Notes of all series having a higher Acceptance Priority Level as set forth in the table above (with 1 being the highest Acceptance Priority Level and 23 being the lowest Acceptance Priority Level) than the First Non-Covered Notes, and (ii) all series of Notes with an Acceptance Priority Level lower than the First Non-Covered Notes (together with the First Non-Covered Notes, the “Non- Covered Notes”), then Chevron may, at any time on or prior to the Expiration Time:

(a) terminate an Offer with respect to one or more series of Non-Covered Notes for which the Maximum Purchase Condition has not been satisfied, and promptly return all validly tendered Notes of such series, and any other series of Non-Covered Notes, to the respective tendering Holders; or

(b) waive the Maximum Purchase Condition with respect to one or more series of Non-Covered Notes and accept all Notes of such series, and of any series of Notes having a higher Acceptance Priority Level, validly tendered; or

(c) if there is any series of Non-Covered Notes with a lower Acceptance Priority Level than the First Non-Covered Notes for which:

(i) the Aggregate Purchase Amount necessary to purchase all validly tendered Notes of such series, plus

(ii) the Aggregate Purchase Amount necessary to purchase all validly tendered Notes of all series having a higher Acceptance Priority Level than such series of Notes, other than any series of Non-Covered Notes that has or have not also been accepted as contemplated by this clause (c), is equal to, or less than, the Maximum Purchase Amount, accept all validly tendered Notes of all such series having a lower Acceptance Priority Level, until there is no series of Notes with a higher or lower Acceptance Priority Level to be considered for purchase for which the conditions set forth above are met.

It is possible that a series of Notes with a particular Acceptance Priority Level will fail the meet the conditions set forth above and therefore will not be accepted for purchase even if one or more series with a higher or lower Acceptance Priority Level are accepted for purchase.

For purposes of determining whether the Maximum Purchase Condition is satisfied, Chevron will assume that all Notes tendered pursuant to the Guaranteed Delivery Procedures will be duly delivered at or prior to the Guaranteed Delivery Time and Chevron will not subsequently adjust the acceptance of the Notes in accordance with the Acceptance Priority Levels if any such Notes are not so delivered. Chevron reserves the right, subject to applicable law, to waive the Maximum Purchase Condition with respect to any Offer.

The tender offers are subject to the satisfaction of these conditions and certain other conditions. Chevron reserves the right, subject to applicable law, to waive any and all conditions to any Offer. If any of the conditions is not satisfied, Chevron is not obligated to accept for payment, purchase or pay for, and may delay the acceptance for payment of, any tendered notes, in each event subject to applicable laws, and may terminate or alter any or all of the tender offers. The tender offers are not conditioned on the tender of a minimum principal amount of notes.

Chevron has retained J.P. Morgan Securities LLC and Barclays Capital Inc. to act as the lead dealer managers for the Offers and BNP Paribas Securities Corp., Standard Chartered Bank, and SG Americas Securities, LLC to act as co-dealer managers of the Offers. Questions regarding the terms and conditions for the Offers should be directed to J.P. Morgan at (866) 834-4666 (toll-free) or (212) 834-3424 (collect) or Barclays at (800) 438-3242 (toll-free) or (212) 528-7581 (collect).

D.F. King & Co, Inc. will act as the Tender Agent and the Information Agent for the Offers. Questions or requests for assistance related to the Offers or for additional copies of the Offer to Purchase may be directed to D.F. King & Co, Inc. at (866) 796-7184 or by email at This email address is being protected from spambots. You need JavaScript enabled to view it.. You may also contact your broker, dealer, commercial bank, trust company or other nominee for assistance concerning the Offers. The Tender Offer Documents can be accessed at the following link: http://www.dfking.com/chevron.

If Chevron terminates any Offer with respect to one or more series of Notes, it will give prompt notice to the Tender Agent and Information Agent, and all Notes tendered pursuant to such terminated Offer will be returned promptly to the tendering Holders thereof. With effect from such termination, any Notes blocked in the Depositary Trust Company (DTC) will be released.

Holders are advised to check with any bank, securities broker or other intermediary through which they hold Notes as to when such intermediary would need to receive instructions from a beneficial owner in order for that Holder to be able to participate in, or withdraw their instruction to participate in the Offers before the deadlines specified herein and in the Offer to Purchase. The deadlines set by any such intermediary and

DTC for the submission and withdrawal of tender instructions will also be earlier than the relevant deadlines specified herein and in the Offer to Purchase.

GENERAL

This announcement is for informational purposes only. This announcement is not an offer to purchase or a solicitation of an offer to sell any Notes or any other securities of the Company or any of its subsidiaries. The Offers are being made solely pursuant to the Offer to Purchase. The Offers are not being made to Holders of Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. In any jurisdiction in which the securities laws or blue sky laws require the Offers to be made by a licensed broker or dealer, the Offers will be deemed to have been made on behalf of the Company by the Dealer Managers or one or more registered brokers or dealers that are licensed under the laws of such jurisdiction.

No action has been or will be taken in any jurisdiction that would permit the possession, circulation or distribution of either this announcement, the Offer to Purchase or any material relating to us or the Notes in any jurisdiction where action for that purpose is required. Accordingly, neither this announcement, the Offer to Purchase nor any other offering material or advertisements in connection with the Offers may be distributed or published, in or from any such country or jurisdiction, except in compliance with any applicable rules or regulations of any such country or jurisdiction.

Chevron is one of the world’s leading integrated energy companies. We believe affordable, reliable and ever-cleaner energy is essential to achieving a more prosperous and sustainable world. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry. To advance a lower carbon future, we are focused on lowering the carbon intensity in our operations and growing our lower carbon businesses. More information about Chevron is available at www.chevron.com.

CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION

This news release contains forward-looking statements that are based on management's current expectations, estimates and projections. Words or phrases such as “anticipates,” “expects,” “intends,” “plans,” “targets,” “advances,” “commits,” “drives,” “aims,” “forecasts,” “projects,” “believes,” “approaches,” “seeks,” “schedules,” “estimates,” “positions,” “pursues,” “may,” “can,” “could,” “should,” “will,” “budgets,” “outlook,” “trends,” “guidance,” “focus,” “on track,” “goals,” “objectives,” “strategies,” “opportunities,” “poised,” “potential, ” “ambitions,” “aspires” and similar expressions are intended to identify such forward-looking statements. Actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. The reader should not place undue reliance on these forward-looking statements, which speak only as of the date of this news release. Unless legally required, Chevron undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

Among the important factors that could cause actual results and future prospects or that could cause events or circumstances to differ materially from those in the forward-looking statements are: changing crude oil and natural gas prices and demand for our products, and production curtailments due to market conditions; crude oil production quotas or other actions that might be imposed by the Organization of Petroleum Exporting Countries (OPEC) and other producing countries; public health crises, such as pandemics) and epidemics, and any related government policies and actions; changing economic, regulatory and political environments in the various countries in which we operate; general domestic and international economic and political conditions; changing refining, marketing and chemicals margins; our ability to realize anticipated cost savings, expenditure reductions and efficiencies associated with enterprise transformation initiatives; actions of competitors or regulators; timing of exploration expenses; timing of crude oil liftings; the competitiveness of alternate-energy sources or product substitutes; technological developments; the results of operations and financial condition of our suppliers, vendors, partners and equity affiliates; the inability or failure of our joint-venture partners to fund their share of operations and development activities; the potential failure to achieve expected net production from existing and future crude oil and natural gas development projects; potential delays in the development, construction or start-up of planned projects; the potential disruption or interruption of our operations due to war, accidents, political events, civil unrest, severe weather, cyber threats, terrorist acts, or other natural or human causes beyond our control; the potential liability for remedial actions or assessments under existing or future environmental regulations and litigation; significant operational, investment or product changes undertaken or required by existing or future environmental statutes and regulations, including international agreements and national or regional legislation and regulatory measures to limit or reduce greenhouse gas emissions; the potential liability resulting from pending or future litigation; our future acquisitions or dispositions of assets or shares or the delay or failure of such transactions to close based on required closing conditions; the potential for gains and losses from asset dispositions or impairments; government mandated sales, divestitures, recapitalizations, taxes and tax audits, tariffs, sanctions, changes in fiscal terms or restrictions on scope of company operations; foreign currency movements compared with the U.S. dollar; material reductions in corporate liquidity and access to debt markets; the receipt of required Board authorizations to pay future dividends; the effects of changed accounting rules under generally accepted accounting principles promulgated by rule-setting bodies; our ability to identify and mitigate the risks and hazards inherent in operating in the global energy industry; and the factors set forth under the heading “Risk Factors” on pages 18 through 23 of the company’s 2020 Annual Report on Form 10-K and in subsequent filings with the U.S. Securities and Exchange Commission.

Sean Comey +1-925-842-5509

INDIANAPOLIS--(BUSINESS WIRE)--Allison Transmission, a leading designer and manufacturer of vehicle propulsion solutions for commercial and defense vehicles, the largest global manufacturer of medium- and heavy-duty fully automatic transmissions, and a leader in electrified propulsion systems, is pleased to announce the completion of a community service project, in partnership with the Fuller Center for Housing, to help a central Indiana family realize its dream of home ownership.

Allison employees from across the organization exemplified Allison’s commitment to the community by volunteering to build a home for a local family in Indianapolis. Over the course of three weeks, 170 volunteers from across several organizations dedicated over 20,000 hours to complete the project. Allison Transmission provided financial support to build the home and supplied volunteers. Allison’s dedication to making a difference in the local community was translated through the support of its leaders and the response of the workforce. In addition to the hardworking group that supported the project, there were several other Allison team members on a waiting list eager to help with the construction of the home.

“Since 2010, Allison has partnered with the Fuller Center for Housing to support their mission to build homes for local families in need,” said Dave Graziosi, Chairman and CEO of Allison Transmission. “I want to thank Fuller House for providing Allison the opportunity to be involved in this home building project. We were honored to play a role in helping Francine and her two young children, Lieben and Louange, achieve the American dream of home ownership.”

In addition to the contributions Allison provided to the home build, the company has also pledged a $25,000 donation to the Fuller Center for Housing. Allison Transmission and the Fuller Center welcomed Francine and her children to their new home in a dedication ceremony on Friday, October 1, at 3 p.m. in Indianapolis. At the conclusion of the event, the Fuller Center presented Francine with the keys to her family’s new home.

To watch the dedication ceremony, please visit https://www.facebook.com/ALLISONTRANSMISSION/videos/1119933741747572. For more information on Allison Transmission’s efforts to make a difference in the communities where our employees live and work, and improve the lives of people around the world, please visit https://www.allisontransmission.com/company/corporate-responsibility.

About Allison Transmission

Allison Transmission (NYSE: ALSN) is the world’s largest manufacturer of fully automatic transmissions for medium- and heavy-duty commercial vehicles and medium- and heavy-tactical U.S. defense vehicles, as well as a supplier of commercial vehicle propulsion solutions, including electric hybrid and fully electric propulsion systems. Allison products are used in a wide variety of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (school, transit and coach), motorhomes, off-highway vehicles and equipment (energy, mining and construction applications) and defense vehicles (wheeled and tracked). Founded in 1915, the company is headquartered in Indianapolis, Indiana, USA. With a market presence in more than 80 countries, Allison has regional headquarters in the Netherlands, China and Brazil with manufacturing facilities in the U.S., Hungary and India. Allison also has approximately 1,500 independent distributor and dealer locations worldwide. For more information, visit allisontransmission.com.

Claire Gregory
Director, Global External Communications
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(317) 694-2065

MONTREAL--(BUSINESS WIRE)--Rio Tinto has reached a new Collective Labour Agreement for its BC Works operation, which includes the Kitimat smelter and Kemano hydropower facility in British Columbia, following a vote by Unifor Local 2301 members.

In addition to the Collective Labour Agreement, the parties have agreed on a Memorandum of Understanding for a new way of working together and on a return to work protocol. The agreements outline a shared vision for a safe, engaged, strong and competitive business that will benefit employees, communities, the environment, and stakeholders.

Rio Tinto BC Works General Manager Affonso Bizon said: “We welcome this vote from employees in support of the new agreement and our shared vision of a strong, sustainable future for BC Works. Our focus will now be on ensuring the return of workers and ramp-up of production at the smelter is managed in a safe and controlled manner over coming months, to deliver lasting benefits for our employees, the broader community and our customers.”

Over the next few days, Rio Tinto BC Works management will initiate the return to work process for employees, followed by the progressive restart of the smelter’s production cells.

Please direct all enquiries to This email address is being protected from spambots. You need JavaScript enabled to view it.

Media Relations, UK
Illtud Harri
M +44 7920 503 600

David Outhwaite
M +44 7787 597 493

Media Relations, Americas
Matthew Klar
T +1 514 608 4429

Media Relations, Australia
Jonathan Rose
M +61 447 028 913

Matt Chambers
M +61 433 525 739

Jesse Riseborough
M +61 436 653 412

Investor Relations, UK
Menno Sanderse
M: +44 7825 195 178

David Ovington
M +44 7920 010 978

Clare Peever
M +44 7788 967 877

Investor Relations, Australia
Natalie Worley
M +61 409 210 462

Amar Jambaa
M +61 472 865 948

Rio Tinto plc
6 St James’s Square
London SW1Y 4AD
United Kingdom

T +44 20 7781 2000
Registered in England
No. 719885

Rio Tinto Limited
Level 7, 360 Collins Street
Melbourne 3000
Australia

T +61 3 9283 3333
Registered in Australia
ABN 96 004 458 404

riotinto.com

Category: BC Works

HOUSTON--(BUSINESS WIRE)--Orion Engineered Carbons (NYSE: OEC), a leading global supplier of specialty and high-performance carbon black, announced today that effective January 1, 2022, the company is implementing a carbon dioxide (CO₂) surcharge on all carbon blacks produced in Europe, to the extent contracts allow.

The official EU Emission Trading System (ETS) aims to support the EU climate neutrality target by 2050 and the intermediate target of at least 55 percent net reduction in greenhouse gas emissions by 2030 compared to 1990. The EU ETS has entered its fourth trading phase (2021-2030) resulting in additional costs based on direct CO₂ emissions for the carbon black industry.

In consequence, the company will introduce a respective surcharge to its customers in order to continue being a reliable, long-term global supplier of high-quality products and services while manufacturing its carbon black products safely and sustainably.

About Orion Engineered Carbons

Orion Engineered Carbons (NYSE:OEC) is a global supplier of carbon black products including high-performance specialty gas blacks, acetylene blacks, furnace blacks, lamp blacks, thermal blacks, and other carbon blacks that tint, colorize and enhance the performance of polymers, plastics, paints and coatings, inks and toners, textile fibers, adhesives and sealants, batteries, tires, and mechanical rubber goods, such as automotive belts and hoses. The company has over 125 years of history providing customized solutions from a network of 14 global production sites and is dedicated to responsible business practices that emphasize reliability, innovation and sustainability. For more information, please visit orioncarbons.com.

Forward-Looking Statements

This document contains certain forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements of future expectations that are based on current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. You should not place undue reliance on forward-looking statements. Each forward-looking statement speaks only as of the date of the particular statement. New risk factors and uncertainties emerge from time to time and it is not possible to predict all risk factors and uncertainties, nor can we assess the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. We undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information, other than as required by applicable law.

Wendy Wilson
Orion Engineered Carbons
Investor Relations
+1 281-974-0155

William Foreman
Orion Engineered Carbons
Corporate Communications
+1 281-889-7833

VANCOUVER, British Columbia--(BUSINESS WIRE)--$LPEN--Loop Energy (TSX: LPEN), a developer and manufacturer of hydrogen fuel cell solutions, today announced that Mr. Darren Ready has resigned as the Company’s Chief Financial Officer effective November 30, 2021 to pursue other opportunities. As announced previously, the role of Corporate Secretary was transferred from Mr. Ready to Ms. Wendy Bach on September 13.

"Darren has been an invaluable member of the senior leadership team over the last several years. His entrepreneurial drive has been instrumental in helping the company get to this point and I am confident that this will continue to serve him well in his future endeavors. The board and entire senior management team thank him for his contribution and wish him all the best," said Ben Nyland, Chief Executive Officer. "We have commenced a formal search process and we are confident we will be able to onboard a new CFO in the near future who will bring financial leadership and public company experience to successfully help navigate our next stages of growth.”

“Since joining the company, it's been my goal to help position the company for the next phase of its business plan and utilize its patented eFlow technology in the heavy-duty motive markets,” said Darren Ready. “I am proud of what we have achieved to date and I am excited to watch the company as it continues to grow in this exciting energy transition market.”

About Loop Energy Inc.

Loop Energy is a leading designer and manufacturer of fuel cell systems targeted for the electrification of commercial vehicles, including light commercial vehicles, transit buses and medium and heavy-duty trucks. Loop’s products feature the Company’s proprietary eFlow™ technology in the fuel cell stack’s bipolar plates. eFlow™ was designed to enable commercial customers to achieve performance maximization and cost minimization. Loop works with OEMs and major vehicle sub-system suppliers to enable the production of hydrogen fuel cell electric vehicles. For more information about how Loop is driving towards a zero-emissions future, visit www.loopenergy.com.

This press release may contain forward-looking information within the meaning of applicable securities legislation, which reflect management’s current expectations and projections regarding future events. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Company’s control and could cause actual results and events to vary materially from those that are disclosed, or implied, by such forward‐looking information. Such risks and uncertainties include, but are not limited to, the ability of the Company to execute on its strategy and the factors discussed under “Risk Factors” in the Company’s Annual Information Form dated March 30, 2021. Loop disclaims any obligation to update these forward-looking statements.

Loop Energy Media Contact:
Ethan Hugh, Marketing Director, Loop Energy Inc.
Tel: +1.604.222.3400 x 304
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New Cypress, CA Headquarters Location Will Support Company’s World-Class Testing and Manufacturing Capabilities to Meet Growing Demand

LOS ANGELES--(BUSINESS WIRE)--Romeo Power, Inc. (“Romeo Power”) (NYSE: RMO), an energy technology leader delivering advanced electrification solutions for complex commercial vehicle applications, has leased a new Class A, state-of-the-art headquarters and manufacturing facility located in Cypress, California. The facility will support Romeo Power’s expansion of battery development and testing capabilities adjacent to its production line, allowing for faster innovation and time to market.

The modern 215,000 square foot facility includes 191,000 square feet of industrial space that will be designed to double critical laboratory and testing capacity. The expanded manufacturing capabilities will enhance throughput, quality and cost effectiveness. Significantly increased office space will also allow for continued organizational investment in scientific, engineering and other support resources driving growth. The transition to the new facility is currently expected to begin in the near future and is expected to be completed over the next 6-9 months.

“The development of this new facility is an important milestone for Romeo Power and provides a critical foundation as we continue to further enhance our industry leading technology and scale to meet the growing needs of our customers for our products,” said President and Chief Executive Officer, Susan Brennan.

Brennan continued, “Since the company’s founding, Romeo Power has been committed to meeting the ever-changing needs of the electrification market and demand continues to grow. Safety, enhanced performance and optimal value for BEV owners and fleet managers is an expectation of our customers and continuing to deliver new and innovative solutions is what differentiates Romeo Power. Order growth demands a new strategy for space optimization, and we are grateful to have found a great location to meet our expected growth trajectory.”

Romeo Power develops batteries and battery management systems for Battery Electric Vehicle (BEV) manufacturers requiring the greatest energy density and longest ranges resulting in the lowest total cost of ownership for vehicle owners and fleet managers. Romeo Power’s efficient and highly adaptable battery solutions are designed to enable BEV owners to eliminate negative emissions in a safe and cost-effective manner so they can meet the evolving environmental regulations in the United States and abroad. Since its founding, Romeo Power has been winning customers among key heavy-duty commercial BEV manufacturers and fleet managers based on industry leading safety technology and energy density, end-use scalability and unique built-in energy management intelligence optimizing charging time, mileage and battery life. This premium combination of product features translates to superior vehicle and fleet uptime, enhanced profit per mile and maximized return on battery investment for vehicle owners and fleet managers. The electric vehicle industry has reached a critical inflection point and the demand for affordable high-density battery solutions is at an all-time high.

About Romeo Power

Founded in 2016 and headquartered in Los Angeles, California, Romeo Power (NYSE: RMO) is an energy technology leader delivering advanced electrification solutions for complex commercial vehicle applications. The company’s suite of advanced hardware, combined with its innovative battery management system, delivers the safety, performance, reliability and configurability its customers need to succeed. To keep up with everything Romeo Power, please follow the company on social @romeopowerinc or visit romeopower.com.

Notice Regarding Forward Looking Statements

Certain statements in this press release may constitute “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These statements are based on management’s current beliefs and expectations. These statements include, but are not limited to, statements that relate to Romeo Power’s business and its future, including the timing of its transition to the new facility, the ability of Romeo Power to improve throughput, quality and cost-effectiveness of its products at the new facility, the demand for high-density battery solutions, and any statements that relate to the intent, belief, plans or expectations of Romeo Power or its management, or that are not a statement of historical fact. These forward-looking statements are not guarantees of future performance, conditions, or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. For a discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Romeo Power in general, see the risk disclosures in Romeo Power’s Annual Report on Form 10-K for the year ended December 31, 2020, and in other filings made with the SEC by Romeo Power. Forward-looking statements speak only as of the date they are made, and Romeo Power undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

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WEST ALLIS, Wis.--(BUSINESS WIRE)--Toshiba America Energy Systems Corporation (“TAES”), an affiliate of Toshiba Energy Systems & Solutions Corporation (“Toshiba ESS”), today completed its acquisition of the EtaPRO^® business from GP Strategies Corporation (NYSE: GPX), a global provider of workforce transformation solutions. The acquisition was originally announced in May 2021.

A long-time partner of GP Strategies, Toshiba ESS deploys EtaPRO^® technology to many of its power generation customers. This acquisition will enhance Toshiba’s current global servicing and maintenance solutions for turbines and equipment across multiple platforms. TAES will integrate EtaPRO^® employees into its operations and will continue operating existing EtaPRO^® office locations, retaining EtaPRO^®’s valuable talent and culture. Toshiba is now in Phase 2 of its strategic "Toshiba Next Plan," which emphasizes strong growth through infrastructure service offerings.

“This acquisition enables Toshiba ESS to more efficiently meet the needs of customers with EtaPRO^®’s digital technologies,” said Takao Konishi, Director, President and CEO at Toshiba ESS. “These technologies have always enabled our customers to enhance power generation operations with EtaPRO^®’s unique digital solutions, and this acquisition only expands those possibilities.”

“Toshiba’s acquisition of EtaPRO^® will allow this technology to reach its full potential with a global reach and new functional possibilities,” said Richard DesJardins, former GP Strategies Senior Vice President and newly appointed Chief Operating Officer at TAES’s EtaPRO LLC subsidiary. “On behalf of the greater Toshiba family, we are excited to welcome the talented EtaPRO team to Toshiba,” said Koichi Kitaguchi, President and CEO of EtaPRO LLC. “We greatly value their unique industry experience and specialized knowledge.”

“We believe that this acquisition will be a strategically positive deal for both Toshiba and GP Strategies,” GP Strategies’ CEO Adam Stedham said. “We look forward to seeing how the EtaPRO^® business flourishes with its integration into the Toshiba portfolio.”

Outline of new company
Name: EtaPRO LLC
Address (Headquarters): 25 Northpointe, Suite 100, Amherst, New York, 14228, US
Representative: Koichi Kitaguchi (Director, President and CEO)
Business: General business operations of EtaPRO^® (Development and Sales)
Established: September 2021

Stock Ratio: Toshiba Group 100%

Number of Employees：Approximately 60

www.etapro.com

About Toshiba America Energy Systems Corporation
Toshiba America Energy Systems Corporation (TAES), headquartered in West Allis, Wisconsin, with a large manufacturing and service shop, provides turbine/generator equipment and services for the energy industry, including thermal, geothermal, hydropower and nuclear power plants, large-scale battery and hydrogen systems, and superconducting magnet and Toshiba Heavy ion therapy systems. TAES is an affiliate of Toshiba Energy Systems & Solutions Corporation (Toshiba ESS) and represents Toshiba ESS in the Americas, TAES is proud to provide high-quality, reliable and cost-effective products and services that address current and future power generation, cancer treatment and advanced technological needs. For more information please visit http://www.toshiba.com/taes.

About Toshiba Energy Systems & Solutions Corporation
Toshiba Energy Systems & Solutions Corporation is a leading supplier of integrated energy and medical solutions. With its long experience and expertise in a wide range of power generation and, transmission systems and energy management technology, the company delivers innovative, reliable and efficient energy solutions across the globe. Split off from Toshiba Corporation (TOKYO: 6502) in October 2017.
https://www.toshiba-energy.com/en/index.htm

About GP Strategies
GP Strategies Corporation (NYSE: GPX) is a global workforce transformation provider of organizational and technical performance solutions. GP Strategies' solutions improve the effectiveness of organizations by delivering innovative and superior training, consulting, and business improvement services customized to meet the specific needs of its clients. Clients include Fortune 500 companies, automotive, financial services, technology, aerospace and defense industries, and other commercial and government customers. Additional information can be found at gpstrategies.com.

About EtaPRO
EtaPRO^® is a real-time digital platform for improving the efficiency and reliability of power generating assets through empirical and physics-based digital twin technology combined with traditional vibration frequency analysis for detecting and diagnosing equipment deterioration or operating abnormalities in their earliest stages. EtaPRO is adapted to customer-specific requirements and is used by the global power industry on nearly 700 GW of generation in 40 countries, including thermal, geothermal, hydro, wind, and solar generating technologies.

Toshiba America Energy Systems Corporation
Eddie Temistokle
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GP Strategies
Nancy Williams, Vice President, Marketing
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Candice Hester, Vice President, Investor Relations
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AMES, Iowa--(BUSINESS WIRE)--$REGI #REG--Renewable Energy Group, Inc. (NASDAQ: REGI) announced today that the company has extended and increased its line of credit with Wells Fargo Capital Finance, a division of Wells Fargo Bank, Fifth Third Bank, and Bank of America to a maximum of $250 million. This is a five-year extension through September 2026 of the company’s existing line of credit that was previously in the maximum amount of $150 million and would have matured at the end of September 2021.

Along with the increase in the borrowing capacity to a maximum of $250 million announced today, the company also has the right to request additional revolving loan commitments, if consented to by the lenders and subject to customary conditions, in order to further expand the line of credit to a maximum of $350 million.

“We believe this increased line of credit reflects the strength of our business model, performance track record, and growth potential that is underpinned by a strong balance sheet,” said REG Chief Financial Officer Craig Bealmear. “We are grateful for the relationship and commitment Wells Fargo and Fifth Third have shown over the past five years and are excited to welcome Bank of America into the line of credit banking group.”

“This increased line of credit signals confidence in the future of renewable fuels and the very real societal demand for cleaner, lower carbon fuels,” said REG President & CEO Cynthia ‘CJ’ Warner. “We remain focused on executing our business strategy and delivering real carbon reduction solutions that are making a positive environmental impact today.”

About Renewable Energy Group

Renewable Energy Group, Inc. is leading the energy and transportation industries’ transition to sustainability by transforming renewable resources into high-quality, sustainable fuels. Renewable Energy Group is an international producer of sustainable fuels that significantly lower greenhouse gas emissions to immediately reduce carbon impact. Renewable Energy Group utilizes a global integrated procurement, distribution and logistics network to operate 11 biorefineries in the U.S. and Europe. In 2020, Renewable Energy Group produced 519 million gallons of cleaner fuel delivering 4.2 million metric tons of carbon reduction. Renewable Energy Group is meeting the growing global demand for lower-carbon fuels and leading the way to a more sustainable future.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to our borrowing capacity, our ability to request additional loan commitments, the strength of our business model, our growth potential societal demand for cleaner, lower carbon fuels, and executing our business strategy and delivering real carbon reduction solutions. These forward-looking statements are based on current expectations, estimates, assumptions and projections that are subject to change, and actual results may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, our inability to access or increase our borrowing capacity under the credit facility, and other risks described in REG's annual report on Form 10-K for the year ended December 31, 2020, quarterly reports on Form 10-Q for the quarters ended March 31, 2021 and June 30, 2021, and from time to time in REG's other periodic filings with the SEC. All forward-looking statements are made as of the date of this press release and we do not undertake to update any forward-looking statements based on new developments or changes in our expectations.

Katie Stanley
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515-239-8184

New antifouling technology “Hydrophilic & Hydrophobic Nano domain structures” continuously expands a strong environmental impact for the industry reducing 7-8 % of the fuel energy saving

OSAKA, Japan--(BUSINESS WIRE)--At the latest major of the marine coatings market, the main type of antifouling paint is hydrolysis, and it exerts antifouling performance by dissolving hydrolysis resin and biocide into the ocean.
Under that situation, it has a possibility to be affected to dissolve hydrolysis resin and biocide excessively into the ocean by external factors, for instance, due to rising sea temperatures or ship speed etc. To resolve these issues, Nippon Paint Marine focused on the structure of the coating surface of the antifouling paint and strove to create “Hydrophilic & Hydrophobic Nano domain structures”.

“Hydrophilic & Hydrophobic Nano domain structures” has achieved a truly effective paint to set proper dry film thickness and it exerts excellent antifouling performance. It is made possible adding new mechanism to conventional technology to more precisely control the release of hydrolysis resin and antifouling ion into the ocean.

The nano domain structure is formed of both hydrophilic & hydrophobic domains laid out in molecular patterns and it enables antifouling diffusion and retention from the antifouling agent "biocide", and it shows excellent antifouling performance.

This product, already applied in trial to 10 vessels in 2020, has been launched in January 2021. It secured approximately 60 ships in 2021 improving the marine environment on an ESG perspective and saving a fuel consumption more effectively.

FASTAR realizes 7-8% fuel energy saving just by A/F
FASTAR XI and FASTAR XII incorporate pioneering water trapping hydrogel technology used in A-LF-Sea system as “biomimetic technology” that shows fuel saving effect, and the percentage of the fuel saving is to be about 7-8% in A/F only compared with current SPC AF. The application of dry dock will be greatly improved by coating drying time and procedure.
Especially during the winter, there is a possibility that the application process can be shortened approximately 37%. Also, it is possible to anchor for up to 45 days in seawater temperature of below 25°C.

Please contact free as below person in charge for FASTAR
NIPPON PAINT MARINE COATINGS CO., LTD.
Sales & Marketing Division Mr. Makoto Nakagawa / Mr. Shuhei Nishi
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TEL: +81-50-3142-1208

 New industry initiative aims to increase the number of women in the mobility sector by 10% in 10 years.

SAN DIEGO--(BUSINESS WIRE)--Cubic Corporation’s Cubic Transportation Systems (CTS) business division has taken the MobilityXX pledge, dedicated to increasing the number of women from all backgrounds in the transportation sector by 10% in 10 years.

Alarmingly, women make up only 15% of the transportation workforce, and according to census data, the proportion of women in transportation occupations only increased by 3% from 2005 to 2019. Undoubtedly, transportation isn’t the only field where women are underrepresented, but the percentage is relatively low compared to other occupations. Women make up 36% of physicians and 37% of lawyers in the U.S., for example, but their participation in those fields has grown steadily.

MobilityXX is a partnership of the Intelligent Transportation Society of America (ITS America), The Ray, and WTS International. It is engaging the broader transportation industry to give more women a seat at the table by pledging to complete two or more action items over the next year that promote diversity and increase the number and influence of women within their organization. CTS is committed to advancing corporate sponsorship and employee resource groups, and diversifying industry panels as part of its pledge.

“At Cubic Transportation Systems, we are constantly discussing inclusivity with our employees, and it’s time we take action and break the barriers for women,” said Jeff Lowinger, president of Cubic Transportation Systems. “Throughout many of our teams at CTS, we have bold, innovative women making ground-breaking changes that are helping our company strengthen and grow, and we would love to see more of that in the industry. We are proud to pledge with MobilityXX.”

It’s essential to bring more women and women of color into transportation, particularly into decision-making roles. Having more diverse voices to weigh in will help solve critical challenges in the transportation space, which will improve the traveler experience and organizational success. According to McKinsey & Company, companies in the top quarter for gender diversity on executive teams are 21% more likely to outperform on profitability.

Interestingly, despite the lack of women in the mobility industry, they spend more on transportation than men, often due to handling household trips and errands, and opting for safer mobility options. The median extra costs women pay in New York City compared to men, for example, is $26-50 per month.

“With women using and investing more in transit, they deserve a seat at the table and an opportunity to share their experiences,” said Bonnie Crawford, vice president and general manager of Umo. “There is a natural assumption that transit events must be filled with executives, who are often men. Instead of stacking a conference panel with senior leaders, the transportation industry would benefit by leveraging talented women who often hold subject matter expert roles at various levels. Operators and product specialists have a perspective and proximity to the customer base that’s incredibly valuable – and often inaccessible by the C-suite. By gathering a broad cross-section of people, the entire industry will benefit from their shared experiences.”

Today, Mobility XX launched its #10in10 campaign, primarily on social media, to build awareness and encourage organizations to take the pledge. Check out Twitter, Instagram, LinkedIn, and Facebook for the first ten days of October and help spread the word. To learn more, visit https://www.mobilityxx.org/.

About Cubic Corporation

Cubic is a technology-driven, market-leading provider of integrated solutions that increase situational understanding for transportation, defense C4ISR, and training customers worldwide to decrease urban congestion and improve the militaries’ effectiveness and operational readiness. Our teams innovate to make a positive difference in people’s lives. We simplify their daily journeys. We promote mission success and safety for those who serve their nation.

Lauren Jochum
Cubic Transportation Systems
PH: +1 865.466.3860
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VAASA, Finland--(BUSINESS WIRE)--#AlternatyEnergy--With industry-leading rated power of 333 kW, the Ampner ACE^TM 300 string inverter family enables building flexible and reliable solar power plants and battery energy storages for environmentally extremely demanding conditions, such as heat, cold, high altitudes, and highly corrosive areas. The robust devices operate even at -40°C and provide a large variety of input options to facilitate the plant design. They also support bifacial and high-power modules for future proof operation of the photovoltaic power plants.

“For our customers the qualities of the ACE 300 and its high power density mean minimized downtime, lower Levelized Cost of Energy and higher energy yield. Because of its good fit for hybrid installations, the ACE 300 provides an efficient tool for the growing solar energy and energy storage market” says Mika Jantunen, Ampner CEO.

The IEC certified devices will be presented at the Intersolar 2021 exhibition in Munich on 6-8^th October and are ready for deliveries immediately. The products are designed and manufactured in Finland.

Company

Ampner Ltd. provides products and services for connecting renewable energy sources to the grid. The company designs and manufactures string inverters capable of operating in demanding conditions in photovoltaic power plants and battery energy storage systems globally.

Ampner also creates smart solutions for managing, testing and assuring the quality of a variety of renewable energy sources. The company designs, calculates and simulates electrical connections to the grid, whatever the energy source: wind, the sun, water or battery energy storage.

www.ampner.com

Additional information
Mr. Mika Jantunen, CEO
+358 40 165 7933
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Mr. Mika LongBusiness Unit Director, Solar PV and Energy Storage
+358 50 313 1793
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DALLAS--(BUSINESS WIRE)--Holly Energy Partners, L.P. (NYSE: HEP) (the "Partnership") plans to announce results for its quarter ending September 30, 2021 on November 2, 2021, before the opening of trading on the NYSE. The Partnership has scheduled a webcast conference on November 2, 2021 at 4:00 p.m. Eastern time to discuss financial results.

This webcast may be accessed at:

https://events.q4inc.com/attendee/931953223

An audio archive of this webcast will be available using the above noted link through November 16, 2021.

About Holly Energy Partners, L.P.:

Holly Energy Partners, L.P., headquartered in Dallas, Texas, provides petroleum product and crude oil transportation, terminalling, storage and throughput services to the petroleum industry, including HollyFrontier Corporation subsidiaries. The Partnership, through its subsidiaries and joint ventures, owns and/or operates petroleum product and crude gathering pipelines, tankage and terminals in Texas, New Mexico, Washington, Idaho, Oklahoma, Utah, Nevada, Wyoming and Kansas as well as refinery processing units in Kansas and Utah.

Holly Energy Partners, L.P.
Craig Biery, 214-954-6511
Vice President, Investor Relations
or
Trey Schonter, 214-954-6511
Investor Relations

BASINGSTOKE, England--(BUSINESS WIRE)--#energysavings--A new study from Juniper Research has found that global smart grid deployments will lead to annual energy savings of 1,060 terawatt-hours by 2026, from 316 terawatt-hours in 2021. This is the equivalent of powering over 42 million 90-minute football matches at Wembley stadium.

The research identified increased sustainability and energy security as critical to the appeal of smart grids, with analytics and demand-responsive networks able to have a dramatic impact in a renewables-heavy future. The report predicts vendors who can best combine analytics that deliver operational insights to energy companies, with low-cost sensors and connectivity, will achieve the greatest success.

For more insights, download the free whitepaper: Why Smart Grid is Critical to Energy Market Sustainability

Smart Grid Analytics Critical to Boosting Sustainability

The new research, Smart Grid: Industry Trends, Competitor Leaderboard and Market Forecasts 2021-2026, found that smart grid software, which analyses energy usage in real-time to enable responsive features for utility companies, will be critical to delivering energy and cost savings. The essential nature of these benefits will drive smart grid software spend to over $38 billion annually by 2026, from $12 billion in 2021; reflecting its dramatically increasing importance.

Research co-author Damla Sat explained: “To meet ambitious climate targets and lower spiralling operating costs for utility companies, the grid must evolve rapidly into a smart grid. Leveraging connectivity and deploying analytics at scale will be vital in achieving the truly demand-responsive grid that is needed today.”

Smart Metering Important to Smart Grid, but Deployments Uneven

The research found that smart metering roll-outs are growing, with global smart meters in service set to reach over 2 billion in 2026, from 1.1 billion in 2021. While this represents growth of just under 95%, adoption is very uneven worldwide, with markets including Latin America and Africa & Middle East lagging significantly behind the leaders in Western Europe and the Far East & China. The research recommends that vendors lobby governments urgently to support smart metering roll-outs, or they will rapidly fall further behind.

Smart Grid market research: https://www.juniperresearch.com/researchstore/key-vertical-markets/smart-grid-research-report

Whitepaper download: https://www.juniperresearch.com/whitepapers/why-smart-grid-is-critical-to-energy-market

Juniper Research provides research and analytical services to the global hi-tech communications sector; providing consultancy, analyst reports and industry commentary.

Sam Smith
Press Relations
T: +44(0)1256 830002
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DALLAS--(BUSINESS WIRE)--HollyFrontier Corporation (NYSE: HFC) (the "Company") plans to announce results for its quarter ending September 30, 2021 on November 3, 2021, before the opening of trading on the NYSE. The Company has scheduled a webcast conference on November 3, 2021 at 8:30 a.m. Eastern time to discuss financial results.

This webcast may be accessed at:

https://event.on24.com/wcc/r/3453047/731944E4F0294137EB72C182BC77BB87

An audio archive of this webcast will be available using the above noted link through November 17, 2021.

About HollyFrontier Corporation:

HollyFrontier Corporation, headquartered in Dallas, Texas, is an independent petroleum refiner and marketer that produces high value light products such as gasoline, diesel fuel, jet fuel and other specialty products. HollyFrontier owns and operates refineries located in Kansas, Oklahoma, New Mexico, and Utah and markets its refined products principally in the Southwest U.S., the Rocky Mountains extending into the Pacific Northwest and in other neighboring Plains states. In addition, HollyFrontier produces base oils and other specialized lubricants in the U.S., Canada and the Netherlands, and exports products to more than 80 countries. HollyFrontier also owns a 57% limited partner interest and a non-economic general partner interest in Holly Energy Partners, L.P., a master limited partnership that provides petroleum product and crude oil transportation, terminalling, storage and throughput services to the petroleum industry, including HollyFrontier Corporation subsidiaries.

HollyFrontier Corporation
Craig Biery, 214-954-6510
Vice President, Investor Relations
or
Trey Schonter, 214-954-6510
Investor Relations

Welcomes Fiona Reynolds, Global Leader in Responsible Investment

LONDON & SYDNEY & HOUSTON--(BUSINESS WIRE)--Quinbrook Infrastructure Partners (‘Quinbrook’), a specialist investor in renewables, storage and grid support infrastructure, today announced the appointment of Fiona Reynolds to its Advisory Board. Reynolds joins Mark Fulton, Dawn Turner and recent appointee Kurt Akers in helping guide Quinbrook’s strategies and impact initiatives in climate policy, ESG and responsible investment.

Fiona Reynolds is currently the CEO of the Principles for Responsible Investment (‘PRI’) in London and will join Quinbrook when she steps down from her current role later this year. Reynolds has led the PRI for the past nine years overseeing the network of signatories now exceeding 4,000 global institutions representing US$ 121 trillion in global assets¹. Reynolds is widely acknowledged for her outstanding work and global leadership in promoting investor action in responsible investing and ESG stewardship. Reynolds is a board member of UN Global Compact, Steering Committee – Climate Action IOO and the Investor Agenda, a member of the Global Advisory Council on Stranded Assets at Oxford University, and the Advisory Board for the Green Investment Principles for the Belt and Road. It’s the latest series of appointments for Fiona, including CEO at Sydney-based Conexus Financial, a member of a proposed new advisory board at Affirmative Investment Management, and independent Director of the Frontier Board.

Commenting on her appointment, Reynolds said she was delighted to join Quinbrook, a firm focused exclusively on investment in impactful infrastructure solutions that help resolve the climate emergency.

“Only a few weeks ago, the Intergovernmental Panel on Climate Change, released their new assessment of the climate science, in what the UN Secretary General called a ‘code red for humanity.’ Contained within the report are really three key messages for the investment community: 1. Human-induced climate change is in-disputable. 2. Climate change is affecting every region on our planet and therefore investments globally. And 3. Strong, rapid reductions in greenhouse gas emissions are needed to curb global warming,” commented Reynolds. “As we head to COP26 in Glasgow, we must move from commitment to action, with investors pro-actively changing the way they invest and this includes investing right now in climate solutions, the technology and energy solutions that will power the industry of tomorrow. Business as usual – investing as usual – is not going to get us to Net Zero and that is why I am delighted to be joining the Advisory Board of Quinbrook. In my life post PRI, I want to work with people who are making a real difference in the world.”

David Scaysbrook, Co-Founder and Managing Partner of Quinbrook, said, “Few other individuals have blazed the trail that Fiona has in placing responsible investment at the forefront of priorities for institutional investors the world over. She has been a true leader and her tireless efforts have been important and impactful. We are beyond excited to welcome Fiona to our board of senior advisors and know she will be highly influential in helping to shape Quinbrook’s future.”

About Quinbrook Infrastructure Partners

Quinbrook Infrastructure Partners (www.quinbrook.com) is a specialist investment manager focused exclusively on lower carbon and renewable energy infrastructure investment and operational asset management in the US, UK and Australia. Quinbrook is led and managed by a senior team of power industry professionals who have collectively invested over U.S.$8 billion of equity in energy infrastructure assets since the early 1990's, representing a total enterprise value of US$28.7 billion or 19.5 GW of power supply capacity. Quinbrook's investment and asset management team has offices in Houston, London, Jersey, and the Gold Coast of Australia. Quinbrook's global investment and portfolio company teams are actively developing and constructing a portfolio exceeding 18,000 MW of onshore wind, solar PV, reserve peaking power, battery storage projects, grid support infrastructure, Virtual Power Plants and Community Energy Networks across the US, UK and Australia.

________________

US/UK Media
Jennifer Pflieger
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+1 (212) 446 1866

Australian Media
Guy McKanna
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0430 355 985

NILES, Ill.--(BUSINESS WIRE)--Perma-Pipe International Holdings, Inc. (NASDAQ: PPIH) (the "Company") announced today that its board of directors has authorized a $3.0 million share repurchase program. Share repurchases may be executed through open market or in privately negotiated transactions over the course of the next 12 months.

The specific number of shares that the Company will ultimately repurchase, and the actual timing, per share price and amount of share repurchases, will be dependent on then current market conditions and other factors.

Perma-Pipe International Holdings, Inc.

The Company is a global leader in pre-insulated piping and leak detection systems for oil and gas gathering, district heating and cooling, and other applications. It uses its extensive engineering and fabrication expertise to develop piping solutions that solve complex challenges regarding the safe and efficient transportation of many types of liquids. In total, the Company has operations at thirteen locations in six countries.

Forward-Looking Statements

Certain statements and other information contained in this press release that can be identified by the use of forward-looking terminology constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbors created thereby, including, without limitation, statements regarding the expected future performance and operations of the Company. These statements should be considered as subject to the many risks and uncertainties that exist in the Company's operations and business environment. Such risks and uncertainties include, but are not limited to, the following: (i) the impact of the coronavirus ("COVID-19") on the Company's results of operations, financial condition and cash flows; (ii) fluctuations in the price of oil and natural gas and its impact on the customer order volume for the Company's products; (iii) the Company's ability to comply with all covenants in its credit facilities; (iv) the Company’s ability to repay its debt and renew expiring international credit facilities; (v) the Company’s ability to effectively execute its strategic plan and achieve profitability and positive cash flows; (vi) the impact of global economic weakness and volatility; (vii) fluctuations in steel prices and the Company’s ability to offset increases in steel prices through price increases in its products; (viii) the timing of order receipt, execution, delivery and acceptance for the Company’s products; (ix) decreases in government spending on projects using the Company’s products, and challenges to the Company’s non-government customers’ liquidity and access to capital funds; (x) the Company’s ability to successfully negotiate progress-billing arrangements for its large contracts; (xi) aggressive pricing by existing competitors and the entrance of new competitors in the markets in which the Company operates; (xii) the Company’s ability to purchase raw materials at favorable prices and to maintain beneficial relationships with its suppliers; (xiii) the Company’s ability to manufacture products free of latent defects and to recover from suppliers who may provide defective materials to the Company; (xiv) reductions or cancellations of orders included in the Company’s backlog; (xv) the Company's ability to collect an account receivable related to a project in the Middle East; (xvi) risks and uncertainties related to the Company's international business operations; (xvii) the Company’s ability to attract and retain senior management and key personnel; (xviii) the Company’s ability to achieve the expected benefits of its growth initiatives; (xix) the Company’s ability to interpret changes in tax regulations and legislation; (xx) the Company's ability to use its net operating loss carryforwards; (xxi) reversals of previously recorded revenue and profits resulting from inaccurate estimates made in connection with the Company’s percentage-of-completion revenue recognition; (xxii) the Company’s failure to establish and maintain effective internal control over financial reporting; and (xxiii) the impact of cybersecurity threats on the Company’s information technology systems. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are made only as of the date of this press release and we undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. More detailed information about factors that may affect our performance may be found in our filings with the Securities and Exchange Commission, which are available at https://www.sec.gov and under the Investor Center section of our website (http://investors.permapipe.com).

David Mansfield, President and CEO
Perma-Pipe Investor Relations
(847) 929-1200
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Global EV Charging and Energy Management Provider Wallbox and Kensington Capital Acquisition Corp. II Complete Closing of Business Combination

BARCELONA, Spain & WESTBURY, N.Y.--(BUSINESS WIRE)--Wallbox, a leading provider of electric vehicle (EV) charging and energy management solutions worldwide, today announced it has completed its business combination with Kensington Capital Acquisition Corp. II (NYSE: KCAC), a special purpose acquisition company. The business combination was approved by Kensington stockholders in a special meeting held on September 30, 2021 and formally closed on October 1, 2021. Wallbox shares will start trading today on the NYSE under the ticker symbol "WBX” and warrants will trade under the ticker symbol “WBX.WS”.

Wallbox offers EV charging and energy management solutions for residential, semi-public and public use. The company’s product line-up includes Quasar, the world’s first DC bidirectional charger for home use; Supernova and Hypernova, DC fast and ultrafast chargers for public use; and a suite of AC charging solutions and smart energy management software. Ahead of budgeted expectations, Wallbox closed the first half of 2021 with more than 300% YoY revenue growth, propelled by its global expansion, an array of strategic alliances and steadily growing market tailwinds for EVs and charging infrastructure worldwide.

With nine offices across three continents and a presence in more than 80 countries, Wallbox has sold more than 200,000 charging units since its founding in 2015. One of the only truly global players in its industry, Wallbox operates a vertically integrated supply chain, managing its production internally. This has allowed Wallbox better gross margins over its peers in the EV charging market, and has enabled the company to sustain production despite COVID and global chip shortage-related supply challenges. The company currently manufactures its products in Europe and China, and recently announced the addition of a U.S. manufacturing facility in Arlington, Texas, which is slated to begin production in 2022.

"Entering the public markets was a natural next step for our company, as the demand for EV charging and energy management infrastructure is growing steadily around the world," said Enric Asunción, Co-Founder and Chief Executive Officer of Wallbox. "The transaction grants Wallbox the necessary resources to fund our continued global expansion and further advance the innovation of both existing and new solutions for private, public and corporate use. While this is a great milestone, our mission remains the same - accelerating the transition to greener energy consumption worldwide.”

The transaction will result in gross proceeds of approximately $252 million to Wallbox. Funds from the transaction are expected to support the company’s strategic growth initiatives, including accelerated expansion in the U.S. by increasing investment in the product development and certifications, while also maintaining its path to profitability.

"We take great pride in our focus on investing in automotive innovation, and we are thrilled to reach the completion of our business combination with Wallbox, which we feel has a truly unique value proposition, technology advantage, and steadily growing market traction across EV charging and energy management,” said Justin Mirro, Chairman and Chief Executive Officer of Kensington II. “As governments, consumers and businesses around the world continue to push for the widespread adoption of electric vehicles and more sustainable energy use, Wallbox is positioned to become a leading supplier of solutions to bring about the future of energy and transportation."

Hughes Hubbard & Reed LLP served as legal advisor to Kensington and Latham and Watkins LLP served as legal advisor to Wallbox. Houthoff and Loyens & Loeff advised Kensington and Wallbox, respectively, on matters of Dutch law and Cuatrecasas, Gonçalves Pereira, S.L.P. advised Kensington on matters of Spanish law. UBS Securities LLC, Stifel Nicolaus & Company, Incorporated and Robert W. Baird & Co. Incorporated served as financial advisors to Kensington and Barclays Capital Inc. and Drake Star Partners served as financial advisors to Wallbox. UBS Securities LLC and Barclays Capital Inc. served as joint placement agents on the PIPE offering.

About Wallbox

Wallbox is a global technology company, dedicated to changing the way the world uses energy. Wallbox creates advanced electric vehicle charging and energy management systems that redefine users' relationship to the grid. Wallbox goes beyond electric vehicle charging to give users the power to control their consumption, save money, and live more sustainably.

Wallbox offers a complete portfolio of charging and energy management solutions for residential, semi-public and public use in more than 80 countries.

Founded in 2015 and headquartered in Barcelona, the company now employs over 700 people in its offices in Europe, Asia, and the Americas.

For additional information, please visit www.wallbox.com.

About Kensington

Kensington Capital Acquisition Corp. II (NYSE: KCAC) was a special purpose acquisition company formed for the purpose of effecting a merger, stock purchase or similar business combination with a business in the automotive and automotive-related sector. The company was sponsored by Kensington Capital Partners ("KCP") and the management team of Justin Mirro, Bob Remenar, Simon Boag and Dan Huber. The company was also supported by a board of independent directors including Tom LaSorda, Nicole Nason, Anders Pettersson, Mitch Quain, Don Runkle and Matt Simoncini. The Kensington team has completed over 70 automotive transactions and has over 300 years of combined experience leading some of the largest automotive companies in the world.

For additional information, please visit www.autospac.com.

Caution About Forward-Looking Statements

The information in this press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, regarding the benefits of the transaction and the combined company's future financial performance, as well as the combined company's strategy, future operations, estimated financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of management are forward-looking statements. When used in this press release, the words "are designed to," "could," "should," "will," "may," "believe," "anticipate," "intend," "estimate," "expect," "project," the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management's current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, Wallbox disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date hereof. Wallbox cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of either Kensington or Wallbox. In addition, Wallbox cautions you that the forward-looking statements contained herein are subject to the following uncertainties and risk factors that could affect Wallbox's future performance and cause results to differ from the forward-looking statements herein: Wallbox's ability to realize the anticipated benefits of the business combination, which may be affected by, among other things, competition and the ability of Wallbox to grow and manage growth profitably following the business combination; risks relating to the outcome and timing of the Company's development of its charging and energy management technology and related manufacturing processes; intense competition in the electric vehicle charging space; risks related to health pandemics, including the COVID-19 pandemic; the possibility that Wallbox may be adversely affected by other economic, business, and/or competitive factors; the possibility that the expected timeframe for, and other expectations regarding the development and performance of, Wallbox products will differ from current assumptions; the occurrence of any event, change or other circumstances that could give rise to the termination of the business combination; the outcome of any legal proceedings that may be instituted against Kensington or Wallbox, the combined company or others following the announcement of the business combination; the inability to complete the business combination due to the failure to obtain approval of the shareholders of Kensington or to satisfy other conditions to closing; changes to the proposed structure of the business combination that may be required or appropriate as a result of applicable laws or regulations; the ability to meet stock exchange listing standards following the consummation of the business combination; the risk that the business combination disrupts current plans and operations of Kensington or Wallbox as a result of the announcement and consummation of the business combination; and costs related to the business combination; changes in applicable laws or regulations. Should one or more of the risks or uncertainties described in this press release, or should underlying assumptions prove incorrect, actual results and plans could different materially from those expressed in any forward-looking statements. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in the proxy statement/prospectus of Wallbox N.V. in the registration statement on Form F-4 filed with the SEC. Kensington's and Wallbox N.V.'s SEC filings are available publicly on the SEC's website at www.sec.gov.

For Wallbox
Investors
ICR, Inc.
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Media
ICR, Inc.
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For Kensington
Dan Huber
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703-674-6514

Related Links:

www.wallbox.com
www.autospac.com

DENVER--(BUSINESS WIRE)--#energy--Berkana Resources Corporation, a leading provider of Operational Technology (OT) Digital Transformation/Efficiency Solutions, System Integration, Consulting, Security and Compliance services, is pleased to announce that William Giles has joined us as VP of Strategy and Solutions. Mr. Giles is a seasoned professional with over thirty years of experience in the Energy sector.

Previous to joining Berkana, William worked as a Director of Real-Time Operational Applications and Director of IT Strategic Planning for Spectra Energy. In addition, William worked as a Digital Strategy Consultant for Manufacturers, IT/OT Software Providers and Oil & Gas Pipeline Operators.

“We are pleased to be working with William. His deep industry adds considerable expertise to our capabilities,” said Jeff Whitney of Berkana Resources.

"I'm excited to join the Berkana Resources team and contribute to the initiative to provide solutions and 'as a Service' offerings. Berkana Resources has offered me an incredible opportunity and I'm looking forward to seeing the additional Digital Value that Berkana Resources will provide for their customers," said William Giles.

For additional information about Berkana Resources, contact Jeff Whitney or visit our website at:

www.berkanaresources.com

About Berkana

Berkana has been a trusted provider of Operational Technology solutions to the Oil & Gas and Electric Utility Markets for over 15 years. Our seasoned staff of consultants, SME’s, and project managers provide Digital Transformation/Efficiency solutions, Consulting, Integration, Security and Compliance services to clients dealing with significant changes to their OT infrastructure. Our focus on implementing solutions that incorporate AI, ML, Edge, and the Cloud, is helping our clients achieve significant gains in efficiency.

Jeff Whitney
Berkana Resources Corporation
Office phone: (303) 293-2193
FAX number: (303) 293-3764
Email Address: This email address is being protected from spambots. You need JavaScript enabled to view it.
www.berkanaresources.com

LONDON--(BUSINESS WIRE)--#ClimateChangeRisk--Independent research firm Verdantix has released its global survey of senior executives responsible for ESG and sustainability to examine their firms’ governance, strategies and priorities relating to technology and services. The survey respondents – senior executives, holding SVP, VP and global head of functions roles, and directors and managerial professionals – reveal that firms are ramping up investments in ESG and sustainability, with 57% predicting double-digit spend increases in 2022, and are prioritizing funding initiatives relating to climate change and supply chain sustainability.

“Firms across the globe are grappling with the developing demands of ESG and sustainability and are scheduling huge investment into ESG initiatives in 2022,” commented Verdantix analyst and author of the report Connor Taylor. “Firms are being pushed to act by a developing regulatory landscape and stakeholder pressure that they can no longer avoid. ESG is now a priority for the C-suite.”

Key findings of the Verdantix ‘Global Corporate Survey: ESG And Sustainability Governance, Strategies And Priorities’ report:

• According to 43% of our survey participants, the pandemic was a tipping point for CEO attitudes towards ESG, with a further 26% stating that ESG was now a top three priority for CEOs.
• Climate change policy development has emerged as the most significant driver for increasing corporate engagement with sustainability issues in the last 12 months
• Executives are making improving supply chain sustainability metrics their number one priority over the next two years (25% of respondents), followed by analysis of climate change risk to physical assets (22%) and enhancing ESG scores with ratings agencies (19%).
• High priority digital projects to receive funding over the next two years include improving IT systems for environmental performance and metrics (51% of respondents) and improving IT systems for governance performance and metrics (49%).
• Survey respondents identified ESG data dispersity and complexity as the most significant barrier to improving ESG and sustainability data (31%), closely followed by lack of clarity on reporting standards (30%).

“Our study reveals that firms are anxiously awaiting to see how the ESG landscape evolves in the near future. Investment is already skyrocketing; changes in regulation could see spending increase astronomically,” Continued Taylor. “The ramifications this has for ESG solutions and services providers is substantial, and the question remains; who will best align their offerings to fit this developing market?”

Media Contact
Isobel Calisse
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