DUBLIN--(BUSINESS WIRE)--The "Refrigerated Transport - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Amid the COVID-19 crisis, the global market for Refrigerated Transport, estimated at US$15.8 Billion in the year 2020, is projected to reach a revised size of US$23 Billion by 2027, growing at a CAGR of 5.5% over the period 2020-2027.

Single-Temperature, one of the segments analyzed in the report, is projected to record 6% CAGR and reach US$16.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Multi-Temperature segment is readjusted to a revised 4.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $4.2 Billion, While China is Forecast to Grow at 9% CAGR

The Refrigerated Transport market in the U.S. is estimated at US$4.2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$5 Billion by the year 2027 trailing a CAGR of 9.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3% and 4.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.

Select Competitors (Total 37 Featured):

• C. H. Robinson
• Daikin Industries
• DB Schenker
• FedEx
• General Mills
• Hyundai Motor Company
• Ingersoll Rand Inc.
• Krone Commercial Vehicle Group
• LAMBERET SAS
• Schmitz Cargobull
• Singamas Container
• United Technologies
• Utility Trailer Manufacturing Company
• Wabash National

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

• UNITED STATES
• CANADA
• JAPAN
• CHINA
• EUROPE
• FRANCE
• GERMANY
• ITALY
• UNITED KINGDOM
• SPAIN
• RUSSIA
• REST OF EUROPE
• ASIA-PACIFIC
• AUSTRALIA
• INDIA
• SOUTH KOREA
• REST OF ASIA-PACIFIC
• LATIN AMERICA
• ARGENTINA
• BRAZIL
• MEXICO
• REST OF LATIN AMERICA
• MIDDLE EAST
• IRAN
• ISRAEL
• SAUDI ARABIA
• UNITED ARAB EMIRATES
• REST OF MIDDLE EAST
• AFRICA

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/c47c1q

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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HOUSTON--(BUSINESS WIRE)--Halliburton Company (NYSE: HAL) announced today that it won a contract to provide Production Chemicals and Associated Services for a large IOC in Oman. Under the seven-year contract, Halliburton will supply a full suite of customized products along with specialized services to support the in-field chemical treatments.

“We are excited to provide our production chemical expertise and management services to help our customer maximize their asset value in Oman,” said Miguel Gonzalez, vice president of Halliburton Multi-Chem. “This collaboration aims to improve operational efficiencies and reliability by applying tailored solutions and close alignment between parties.”

Halliburton’s facilities in Oman will support the project. Additionally, Halliburton will manufacture key raw materials for the contract’s portfolio at the new Halliburton Saudi Chemical Reaction Plant. Opening at the end of 2021, the facility increases Halliburton’s capabilities to support Oman and the region. The Company also expects to hire and develop local personnel to deliver the contract’s scope of work.

The plant will have capabilities to manufacture a broad slate of chemicals for stimulation, production, midstream, and downstream engineered treatment programs. Halliburton’s global laboratory and team in Dhahran Techno Valley and local manufacturing uniquely position the Company to accelerate the production of next generation specialty chemical solutions while developing local employees and capabilities.

About Halliburton

Founded in 1919, Halliburton is one of the world's largest providers of products and services to the energy industry. With approximately 40,000 employees, representing 130 nationalities in more than 70 countries, the company helps its customers maximize value throughout the lifecycle of the reservoir — from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the asset. Visit the company’s website at www.halliburton.com. Connect with Halliburton on Facebook, Twitter, LinkedIn, Instagram and YouTube.

For Investors:
Abu Zeya
Halliburton, Investor Relations
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281-871-2688

For News Media:
Emily Mir
Public Relations
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281-871-2601

DUBLIN--(BUSINESS WIRE)--The "Wind Turbine Composite Materials Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.

The global wind turbine composite materials market is expected to grow at a CAGR greater than 7% during the forecast period.

Companies Mentioned

• Exel Composites
• Gurit Holding AG
• Hexcel Corporation
• Reliance Industries Limited
• Lianyungang Zhongfu Lianzhong Composites Group Co., Ltd
• Molded Fiber Glass Companies
• Siemens AG
• Teijin Limited
• Toray Industries, Inc.
• TPI Corporation
• Vestas

Key Market Trends

Wind Blades to Dominate the Market

• In wind turbines, composites are majorly used in the production of wind turbine blades. Wind turbine blades serve as the most important composite based part of the turbine.
• The rising demand for wind energy is leading to the construction of larger wind blades that offer higher power output, which is, in turn, resulting in the increased consumption of composite materials for blades
• With the development of floating wind turbines, the offshore opportunities for wind energy has increased due to comparatively lesser cost and easy installation.
• This is projected to lead to the increase in the production of wind turbines and its components made of composites, which is likely to positively influence the wind turbine composite materials market.
• Hence, owing to the above-mentioned factors, application in wind turbines is expected to dominate the market during the forecast period.

Asia-Pacific to Dominate the Market

• Asia-Pacific is expected to lead the market for wind turbine composite materials owing to the increasing wind energy infrastructure in the region.
• China accounts for the largest share of the global wind installed capacity. Moreover, the country announced its plan to invest about USD 360 billion on renewable energy by 2020, turning down the plan to build 85 coal-fired power plants, which is expected to increase the wind energy installations in the country in the coming years, further leading to increase in the production of wind turbines.
• India has the fourth largest installed capacity in wind power currently and is expected to increase its wind power capacity in the coming years which is expected to drive the market studied.
• Hence, owing to the above-mentioned factors, Asia-Pacific is likely to dominate the market studied during the forecast period.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Increasing Application of Carbon Fiber in Wind Blades
4.1.2 Other Drivers
4.2 Restraints
4.2.1 Recyclability Issue of Composites
4.2.2 Other Restraints
4.3 Industry Value-chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition

5 MARKET SEGMENTATION
5.1 Fiber Type
5.2 Technology
5.3 Application
5.4 Geography

6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles

7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Growing Offshore Wind Energy Installations

For more information about this report visit https://www.researchandmarkets.com/r/wtoco9

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

SAN JOSE, Calif.--(BUSINESS WIRE)--QuantumScape Corporation (NYSE: QS), a leader in the development of next generation solid-state lithium-metal batteries for use in electric vehicles, today announced it will release 2021 second quarter financial results after market close on Tuesday, July 27, 2021. This will be followed by a conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). Participating on the call will be Jagdeep Singh, co-founder and chief executive officer, and Kevin Hettrich, chief financial officer, of QuantumScape.

Starting today, retail and institutional shareholders can submit and upvote questions to management. To submit questions, please visit this online platform (https://app.saytechnologies.com/quantumscape-2021-q2); shareholders at brokers with Say can participate directly in their investing app or broker website. We will accept questions for the Q&A platform until Monday, July 26 at 5:00 PM (Eastern Time).

The call will be accessible via a live webcast on the IR Events Calendar page in the Investor Relations section of QuantumScape’s website at www.quantumscape.com. An archive of the webcast will be available shortly after the call for 12 months.

About QuantumScape Corporation

QuantumScape is a leader in developing next generation solid-state lithium-metal batteries for electric vehicles. The company is on a mission to revolutionize energy storage to enable a sustainable future.

For more information, please visit www.quantumscape.com.

For Investors
John Saager, CFA
Head of Investor Relations
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For Media
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DHAHRAN, Saudi Arabia--(BUSINESS WIRE)--Saudi Aramco Technologies Company and AccessESP are pleased to announce that they have signed a worldwide commercialization agreement of the JumpStart™ flowback and well cleanup service. The JumpStart service utilizes a temporarily deployed, through-tubing electric submersible pump (ESP) system to rapidly, safely and efficiently flow back and clean out oil and gas wells after drilling or workover operations. Implementations in offshore wells in Saudi Arabia demonstrate lower risk, reduced rig time and increased production.

Abbas Al-Ghamdi, CEO, Saudi Aramco Technologies Company, commented, “We are delighted to have established this important collaboration with AccessESP. The ability to use a slickline retrievable downhole pump to remove heavyweight kill fluid prior to production significantly reduces rig time and risk. The additional benefits of carbon emissions reduction and cost savings promise to improve well economics for many high-value wells worldwide. We have great faith in AccessESP in the successful commercialization of JumpStart.”

“We are grateful to Saudi Aramco Technologies Company for choosing AccessESP to commercialize JumpStart technology to flow back wells in half the time of conventional coiled tubing and nitrogen injection operations,” said David Malone, CEO, AccessESP. “Cleanups using nitrogen via coiled tubing are costly, require a large equipment footprint and introduce safety and logistics risks. The temporary deployment of a rigless ESP for cleanout saves millions of dollars in well cleanup expense, while preparing the well for a rigless ESP installation in the future if required.”

The patent-pending method of temporarily deploying a fully retrievable through-tubing ESP system has demonstrated up to 50 percent reduction in the rig time required for flowback and cleanout operations versus conventional coiled tubing/nitrogen lift cleanouts. In addition to reductions in rig time this technique significantly reduces the number of personnel and the equipment required to perform a cleanout. This technology is licensed to AccessESP by Saudi Aramco Technologies Company for worldwide deployment in onshore and offshore wells.

AccessESP delivers advanced technologies that help oil and gas operators reduce intervention costs, maximize well productivity and enhance reservoir recovery rates by achieving the technical limit in ESP performance. AccessESP technologies are proven to reduce risk and lower total cost of operations in high-value offshore and onshore wells. Operators who partner with AccessESP benefit from exclusive access to JumpStart services to fast-track adoption of game-changing technologies that reduce greenhouse emissions through the company’s GoGreen™ initiative.

Saudi Aramco Technologies Company is a wholly owned subsidiary of Aramco, a world leader in integrated energy and chemicals, driven by the core belief that energy is opportunity. From producing approximately one in every eight barrels of the world’s crude oil supply to developing new energy technologies, our global team creates positive impact in all that we do. We focus on making our resources more sustainable and more useful, which promotes long-term economic growth and prosperity around the world.

William Standifird
VP Sales & Marketing
AccessESP
+1 (713) 589-2599
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accessesp.com

HOUSTON--(BUSINESS WIRE)--The Port Commission of the Port of Houston Authority will conduct its regular monthly meeting virtually on Tuesday, July 20, at 9:15 a.m., via WebEx webinar. The Audit Committee is scheduled to meet on July 27 at 10:00 a.m.

The agendas and the instructions to access virtual meetings are made available at
https://porthouston.com/leadership/public-meetings/

Sign up for public comment is available up to an hour before these Port Commission meetings by contacting Erik Eriksson at This email address is being protected from spambots. You need JavaScript enabled to view it. or Liana Christian at This email address is being protected from spambots. You need JavaScript enabled to view it..

Currently, the Port Authority Executive Office Building is closed to the general public at this time. Texas Governor Abbott’s action of March 16, 2020 allows virtual and telephonic open meetings to maintain government transparency.

About Port Houston

For more than 100 years, Port Houston has owned and operated the public wharves and terminals along the Houston Ship Channel – the nation’s largest port for waterborne tonnage and an essential economic engine for the Houston region, the state of Texas, and the U.S. nation. The more than 200 private and eight public terminals along the federal waterway supports the creation of nearly 1.35 million jobs in Texas and 3.2 million jobs nationwide, and economic activity totaling $339 billion in Texas – 20.6% of Texas’ total gross domestic product (GDP) – and a total of $801.9 billion in economic impact across the nation. For more information, visit the website: https://porthouston.com/

Lisa Ashley, Director, Media Relations, Port Houston
Office: 713-670-2644; Mobile: 832-247-8179; E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

WALL, N.J.--(BUSINESS WIRE)--The board of directors of New Jersey Resources (NYSE: NJR) unanimously declared a quarterly dividend on its common stock of $.3325 per share. The dividend will be payable on October 1, 2021 to shareowners of record as of September 20, 2021.

The company is committed to providing value to its shareowners with a competitive return and has paid quarterly dividends continuously since its inception in 1952.

About New Jersey Resources

New Jersey Resources (NYSE: NJR) is a Fortune 1000 company that, through its subsidiaries, provides safe and reliable natural gas and clean energy services, including transportation, distribution, asset management and home services. NJR is composed of five primary businesses:

• New Jersey Natural Gas, NJR’s principal subsidiary, operates and maintains over 7,500 miles of natural gas transportation and distribution infrastructure to serve over half a million customers in New Jersey’s Monmouth, Ocean, Morris, Middlesex and Burlington counties.
• NJR Clean Energy Ventures invests in, owns and operates solar projects with a total capacity of more than 360 megawatts, providing residential and commercial customers with low-carbon energy solutions.
• NJR Energy Services manages a diversified portfolio of natural gas transportation and storage assets and provides physical natural gas services and customized energy solutions to its customers across North America.
• Storage & Transportation serves customers from local distributors and producers to electric generators and wholesale marketers through its ownership of Leaf River Energy Center and the Adelphia Gateway Pipeline Project, as well as our 50% equity ownership in the Steckman Ridge natural gas storage facility, and our 20% equity interest in the PennEast Pipeline Project.
• NJR Home Services provides service contracts as well as heating, central air conditioning, water heaters, standby generators, solar and other indoor and outdoor comfort products to residential homes throughout New Jersey.

NJR and its nearly 1,200 employees are committed to helping customers save energy and money by promoting conservation and encouraging efficiency through Conserve to Preserve® and initiatives such as The SAVEGREEN Project® and The Sunlight Advantage®. For more information about NJR: www.njresources.com.

Follow us on Twitter @NJNaturalGas.
“Like” us on facebook.com/NewJerseyNaturalGas.

Media Contact:
Michael Kinney
732-938-1031
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Investor Contact:
Dennis Puma
732-938-1229
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CAMPBELL, Calif.--(BUSINESS WIRE)--ChargePoint Holdings, Inc. (“ChargePoint” or the “Company”) (NYSE:CHPT), a leading electric vehicle ("EV") charging network, announced today the pricing of its previously announced underwritten secondary offering of 12,000,000 shares of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), by certain stockholders of the Company (the “Selling Stockholders”), at a public offering price of $23.50 per share. The offering consists entirely of secondary shares to be sold by the Selling Stockholders. The Selling Stockholders will receive all of the proceeds from the offering. The offering is expected to close on or about July 19, 2021, subject to the satisfaction of customary closing conditions.

The Selling Stockholders have granted the underwriters a 30-day option to purchase up to an additional 1,800,000 shares of Common Stock from the Selling Stockholders at the public offering price, less underwriting discounts and commissions.

BofA Securities, Goldman Sachs & Co. LLC and Oppenheimer & Co. are acting as joint lead book-running managers for this offering and as representatives of the underwriters for the offering. Morgan Stanley is also acting as book-running manager for the offering. Citigroup, D.A. Davidson & Co., HSBC, Roth Capital Partners and Wolfe I Nomura Strategic Alliance are acting as co-managers for the offering.

A registration statement (including a prospectus) relating to the offering of Common Stock has been filed with, and declared effective by, the U.S. Securities and Exchange Commission (the “SEC”). You may obtain these documents for free by visiting EDGAR on the SEC website at www.sec.gov. When available, a copy of the final prospectus related to the offering may also be obtained from: BofA Securities, Attention: Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC 28255-0001 or by email at This email address is being protected from spambots. You need JavaScript enabled to view it.; Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282; or Oppenheimer & Co. Inc. Attention: Syndicate Prospectus Department, 85 Broad Street, 26th Floor, New York, NY 10004 or by email at This email address is being protected from spambots. You need JavaScript enabled to view it..

The offering of these securities will be made only by means of a prospectus. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

“Wolfe I Nomura Strategic Alliance” is the marketing name used by Wolfe Research Securities and Nomura Securities International, Inc. in connection with certain equity capital markets activities conducted jointly by the firms. For these activities, Nomura serves as the underwriter, placement agent, or initial purchaser (as applicable) and Wolfe Research Securities provides sales support services, investor education, and/or independent equity research services.

About ChargePoint Holdings, Inc.

ChargePoint is creating a new fueling network to move people and goods on electricity. Since 2007, ChargePoint has been committed to making it easy for businesses and drivers to go electric with one of the largest EV charging networks and a comprehensive portfolio of charging solutions available today. ChargePoint’s cloud subscription platform and software-defined charging hardware are designed to include options for every charging scenario from home and multifamily to workplace, parking, hospitality, retail and transport fleets of all types.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties. All statements other than statements of historical fact or relating to present facts or current conditions included in this press release are forward-looking statements, including statements regarding the offering. Forward-looking statements give our current expectations and projections relating to our financial condition, results of operations, plans, objectives, future performance and business. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “anticipate,” “estimate,” “expect,” “project,” “seek,” “plan,” “intend,” “believe,” “will,” “may,” “could,” “continue,” “likely,” “should,” and other words.

The forward-looking statements contained in this press release are based on our current expectations and assumptions regarding our business, the economy, and other future conditions. Because forward-looking statements relate to the future, by their nature, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict. As a result, our actual results may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include regional, national or global political, economic, business, competitive, market and regulatory conditions and the following: we are an early stage company with a history of losses, and expect to incur significant expenses and continuing losses for the near term; we may fail to grow effectively; we face competition from a number of companies and expect to face significant competition in the future; we may fail to effectively expand our sales and marketing capabilities; we face risks related to health pandemics, including the COVID-19 pandemic; we rely on a limited number of suppliers and manufacturers for our charging stations; our business is subject to risks associated with construction, cost overruns and delays; future acquisitions or strategic investments could be difficult to identify and integrate, divert the attention of key management personnel, disrupt our business and dilute stockholder value; we may be unable to attract and retain key employees and hire qualified management, technical, engineering and sales personnel; we are expanding operations internationally, which will expose us to additional tax, compliance, market and other risks; some members of our management have limited experience in operating a public company; we may need to raise additional funds and these funds may not be available when needed; our future revenue growth will depend on our ability to increase sales of our products and services; we are vulnerable to possible computer malware, viruses, ransomware, hacking, phishing attacks and similar disruptions; our headquarters and other facilities are located in an active earthquake zone; seasonality may cause fluctuations in our revenue; our future growth and success is correlated with and dependent upon the continuing rapid adoption of EVs for passenger and fleet applications; the EV market benefits from the availability of rebates, tax credits and other financial incentives from governments, utilities and others to offset the purchase or operating costs; we may be unable to protect our technology and intellectual property from unauthorized use by third-parties; some of our products contain open-source software, which may pose particular risks to our proprietary software, products and services; we may be unable to remediate our material weaknesses or internal control over financial reporting; the concentration of ownership among our existing executive officers, directors and their affiliates may prevent new investors from influencing significant corporate decisions; we have never paid cash dividends on our capital stock and do not anticipate paying dividends in the foreseeable future; the price of our Common Stock may be subject to wide fluctuations; the coverage of our business or our securities by securities or industry analysts or the absence thereof could adversely affect the trading price and volume of our Common Stock and other securities; sales of a substantial number of shares of our Common Stock by our existing stockholders could cause the price of the Common Stock to decline; our warrants accounted for as a warrant liability; our limited operating history as a public company; our dependence on widespread acceptance and adoption of EVs and increased installation of charging stations at home, at work and on-route; our current dependence on sales of charging stations for most of our revenues; overall demand for EV charging and the potential for reduced demand for EVs if governmental rebates, tax credits and other financial incentives are reduced, modified or eliminated or governmental mandates to increase the use of EVs or decrease the use of vehicles powered by fossil fuels, either directly or indirectly through mandated limits on carbon emissions, are reduced, modified or eliminated; supply chain interruptions; our ability to expand internationally; the need to attract additional fleet operators as customers; potential adverse effects on our revenue and gross margins if customers increasingly claim clean energy credits and, as a result, they are no longer available to be claimed by us; the effects of competition; and the risk that our technology could have undetected defects or errors.

Although we have attempted to identify important risk factors, there may be other risk factors not presently known to us or that we presently believe are not material that could cause actual results and developments to differ materially from those made in or suggested by the forward-looking statements contained in this press release. If any of these risks materialize, or if any of the above assumptions underlying forward-looking statements prove incorrect, actual results and developments may differ materially from those made in or suggested by the forward-looking statements contained in this press release.

Any forward-looking statement made by us in this press release speaks only as of the date on which we make it. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law. Comparisons of results for current and any prior periods are not intended to express any future trends or indications of future performance, unless specifically expressed as such, and should be viewed as historical data.

CHPT-IR

For more information, contact:

Investor Relations
Patrick Hamer
VP, Capital Markets and Investor Relations
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Press
Olivia Marcinka
Communications Specialist
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KILGORE, Texas--(BUSINESS WIRE)--Martin Midstream Partners L.P. (NASDAQ: MMLP) plans to release its financial results for the second quarter ended June 30, 2021 after the market closes on July 22, 2021. An investors’ conference call to review the second quarter will be held the following day.

Date: Friday, July 23, 2021

Time: 8:00 a.m. CT (please dial in by 7:55 a.m.)

Dial In #: (833) 900-2251

Conference ID: 1691938

Replay Dial In # (800) 585-8367 – Conference ID: 1691938

A webcast of the conference call will also be available by visiting the Events and Presentations section under Investor Relations on our website at www.MMLP.com.

About Martin Midstream Partners

Martin Midstream Partners L.P., headquartered in Kilgore, Texas, is a publicly traded limited partnership with a diverse set of operations focused primarily in the United States Gulf Coast region. The Partnership's primary business lines include: (1) terminalling, processing, storage, and packaging services for petroleum products and by-products; (2) land and marine transportation services for petroleum products and by-products, chemicals, and specialty products; (3) sulfur and sulfur-based products processing, manufacturing, marketing and distribution; and (4) natural gas liquids marketing, distribution, and transportation services. To learn more, visit www.MMLP.com. Follow Martin Midstream Partners L.P. on LinkedIn and Facebook.

MMLP-F

Sharon Taylor
Chief Financial Officer
(877) 256-6644
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Superior to acquire one of the largest independent propane distribution platforms in California

TORONTO--(BUSINESS WIRE)--Superior Plus Corp. (“Superior”) (TSX:SPB) is pleased to announce that one of its wholly-owned subsidiaries has entered into an agreement to acquire the equity interests of Kamps Propane, Inc., High Country Propane, Inc., Pick Up Propane, Inc., Kiva Energy, Inc., Competitive Capital, Inc. and Propane Construction and Meter Services (collectively, “Kamps”) for an aggregate purchase price of approximately US $240 million (CDN $299 million) before adjustments for working capital (the “Acquisition”). Superior anticipates drawing on its credit facility to fund the amount of the purchase price due on closing.

The Acquisition, which is subject to customary regulatory and commercial closing conditions, is anticipated to close during the third quarter of 2021.

Acquisition Highlights

• Aligned with Superior’s core strategy of investing in established businesses that are in desirable geographies and generate stable free cash flow.
• Significantly expands Superior’s U.S. propane distribution footprint and scale in California.
• Establishes a large operating platform in an attractive propane market, which is expected to increase opportunities for synergy realization with future acquisitions in California.
• Leverages Superior’s existing expertise, integrated platform and operational effectiveness into a new customer base.
• High-quality, stable cash flow and earnings profile from a business with loyal customers and consistent gross margin profile.
• Kamps’ culture is aligned with Superior’s values, including the promotion of safety, respect and delivering on commitments.
• Expected synergies opportunity of at least 25% of the Adjusted EBITDA of Kamps.
• Expected to modestly increase Superior’s 2021 Adjusted EBITDA.

Founded in 1969 by John Kamps, Kamps is an established independent family owned and operated retail and wholesale propane distributor based in California servicing approximately 45,000 residential, commercial and wholesale customers. Kamps has 14 retail branch offices, 5 company-operated rail terminals, over 375 vehicles and approximately 280 employees.

During the year ended December 31, 2020, Kamps earned approximately US $27 million (CDN $34 million) in Adjusted EBITDA. On a normalized basis, including the achievement of expected synergies and weather consistent with the five-year average, we expect Kamps to generate approximately US $34 million (CDN $42 million) in Adjusted EBITDA on a run-rate basis 24 months following the close of the Acquisition. Superior anticipates updating its 2021 Adjusted EBITDA guidance concurrently with the release of its Q2 2021 financial results.

“We are very pleased to enter into this transaction which expands our U.S. propane distribution business in California,” said Luc Desjardins, Superior’s President and CEO. “John Kamps has built a great business and we look forward to welcoming the Kamps employees to Superior and continuing to provide outstanding customer service to their customers. The acquisition of Kamps is our sixth acquisition in 2021 and moves us further towards the Superior Way Forward acquisition target of $1.9 billion. The acquisition of Kamps also establishes a large operating platform in the Western U.S. and California to continue making accretive acquisitions and generating synergies.”

About Superior

Superior is a leading North American distributor and marketer of propane and distillates and related products and services, servicing over 780,000 customer locations in the U.S. and Canada.

For further information about Superior, please visit our website at: www.superiorplus.com or contact: Beth Summers, Executive Vice President and Chief Financial Officer, Tel: (416) 340-6015, or Rob Dorran, Vice President, Investor Relations and Treasurer, Tel: (416) 340-6003, E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it., Toll Free: 1-866-490-PLUS (7587).

Forward Looking Information

This news release contains certain forward-looking information and statements that are based on Superior’s current expectations, estimates, projections and assumptions in light of its experience and its perception of historical trends. In this news release, such forward-looking information and statements can be identified by terminology such as “approximately”, "anticipated”, “will”, “expects” and similar expressions. In particular, this news release contains forward-looking statements with respect to, among other things, the successful completion of the Acquisition and the timing thereof; expected benefits of the acquisition, expectations related to increased opportunities for synergy realization with future acquisitions in California, estimated run-rate Adjusted EBITDA of the Acquisition twenty-four months after closing and the anticipated synergies.

Forward-looking information is not a guarantee of future performance. By its very nature, forward-looking information involves inherent assumptions, risks and uncertainties, both general and specific, and risks that predictions, forecasts, projections and other forward-looking information will not be achieved, including risks relating to satisfaction of the conditions to, and completion of, the Acquisition, risks relating to the operating and financial performance of the Energy Distribution business which are described in Superior’s Annual management discussion and analysis for the year ended December 31, 2020 and in Superior’s current annual information form for the fiscal year ended December 31, 2020. Key assumptions or risk factors to the forward-looking information include, but are not limited to, financial market conditions, Superior’s future debt levels, Superior’s ability to generate sufficient cash flows from operations to meet its current and future obligations, access to, and terms of, future sources of funding for Superior’s capital expenditures and acquisitions, the integration of businesses into Superior’s operations, competitive action by other companies, availability and timing of acquisition targets, actions by governmental authorities including increases in taxes and changes in environmental and other regulations, general economic, market and business conditions, accuracy of and ability to realize estimated synergies, timing to achieve synergies, the regulatory framework that governs the operations of Superior’s business and industry capacity. Should one or more of these risks and uncertainties materialize, or should assumptions described above prove incorrect, Superior's actual performance and results in future periods may differ materially from any projections of future performance or results expressed or implied by such forward-looking information. We caution readers not to place undue reliance on this information as a number of important factors could cause the actual results to differ materially from the beliefs, plans, objectives, expectations and anticipations, estimates and intentions expressed in such forward-looking information.

Forward-looking information contained in this news release is provided for the purpose of providing information about management's goals, plans and range of expectations for the future and may not be appropriate for other purposes. Any forward-looking information is made as of the date hereof and, except as required by law, Superior does not undertake any obligation to publicly update or revise such information to reflect new information, subsequent or otherwise.

Non-GAAP Financial Measures

In this press release, Superior has used the following term that is not defined by International Financial Reporting Standards (“Non-GAAP Financial Measures”), but is used by management to evaluate the performance of Superior and its business: Adjusted earnings before interest, taxes, depreciation and amortization (“Adjusted EBITDA”). This measure may also be used by investors, financial institutions and credit rating agencies to assess Superior’s performance and ability to service debt. Non-GAAP financial measures do not have standardized meanings prescribed by GAAP and is therefore unlikely to be comparable to similar measures presented by other companies. Securities regulations require that Non-GAAP financial measures are clearly defined, qualified and reconciled to their most comparable GAAP financial measures. Except as otherwise indicated, these Non-GAAP financial measures are calculated and disclosed on a consistent basis from period to period. Specific items may only be relevant in certain periods. See “Non-GAAP Financial Measures” in Superior’s most recent Management Discussion and Analysis (“MD&A”) for a discussion of Non-GAAP financial measures and certain reconciliations to GAAP financial measures.

The intent of Non-GAAP financial measures is to provide additional useful information to investors and analysts, and the measures do not have any standardized meaning under IFRS. The measures should not, therefore, be considered in isolation or used in substitute for measures of performance prepared in accordance with IFRS. Other issuers may calculate Non-GAAP financial measures differently. Investors should be cautioned that Adjusted EBITDA should not be construed as an alternative to net earnings, cash flow from operating activities or other measures of financial results determined in accordance with GAAP as an indicator of Superior’s performance. Non-GAAP financial measures are identified and defined as follows:

Adjusted EBITDA

Adjusted EBITDA represents earnings before interest, taxes, depreciation, amortization, losses (gains) on disposal of assets, finance expense, restructuring costs, transaction and other costs, and unrealized gains (losses) on derivative financial instruments. Adjusted EBITDA is used by Superior and investors to assess its consolidated results and ability to service debt. Adjusted EBITDA is reconciled to net earnings before income taxes.

Beth Summers, Executive Vice President and Chief Financial Officer
Tel: (416) 340-6015
or
Rob Dorran, Vice President, Investor Relations and Treasurer
Tel: (416) 340-6003
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Toll Free: 1-866-490-PLUS (7587).

AUSTIN, Texas--(BUSINESS WIRE)--Hyliion Holdings Corp. (NYSE: HYLN) (“Hyliion”), a leader in electrified powertrain solutions for Class 8 semi-trucks, today announced it will host a conference call and webcast at 11:00 a.m. ET/10:00 a.m. CT on Wednesday, August 11, 2021 to discuss its financial results, the Company's business and outlook. Hyliion also plans to report its second quarter 2021 financial results before the market opens on Wednesday, August 11, 2021.

Hyliion Q2 2021 Results Conference Call

Date: Wednesday, August 11, 2021

Time: 11:00 a.m. ET/10:00 a.m. CT

Conference Call Online Registration: http://www.directeventreg.com/registration/event/1449669

Webcast: https://investors.hyliion.com/events-and-presentations/default.aspx

An archived webcast of the conference call will be accessible on the Investor Relations section of the Hyliion website.

About Hyliion

Hyliion’s mission is to reduce the carbon intensity and greenhouse gas (GHG) emissions of Class 8 commercial trucks by being a leading provider of electrified powertrain solutions. Leveraging advanced software algorithms and data analytics capabilities, Hyliion offers fleets an easy, efficient system to decrease fuel and operating expenses while seamlessly integrating with their existing fleet operations. Headquartered in Austin, Texas, Hyliion designs, develops, and sells electrified powertrain solutions that are designed to be installed on most major Class 8 commercial trucks, with the goal of transforming the commercial transportation industry’s environmental impact at scale. For more information, visit www.hyliion.com.

Hyliion Holdings Corp.
Louis Baltimore
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(833) 495-4466

Ryann Malone
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(833) 495-4466

Over 200 cutting-edge products and research achievements focused on human-centered Society 5.0 of the future

TOKYO--(BUSINESS WIRE)--The Government of Japan’s Cabinet Office announced that it will organize the Society 5.0 Expo jointly with the Japan Agency for Marine-Earth Science and Technology (JAMSTEC) from 15 July at TOKYO SKYTREE TOWN^® in Tokyo, Japan. This is expected to be Japan’s first major expo to focus on Society 5.0. The expo will also be viewable online with multilingual explanations for the global audience.

The expo will showcase the Society 5.0 concept proposed by the Japanese government as a highly desirable future society. The concept envisions the creation of a human-centered society in which all industries and other areas of society adopt AI, IoT, robots, big data and other innovative technologies to overcome critical challenges. The Cabinet Office’s 6th Science, Technology and Innovation Basic Plan covering fiscal 2021 to 2025 sets forth the direction of science, technology and innovation policies to secure sustainability, resilience and the well-being of diverse individuals.

The expo will present achievements being realized through national projects focused on increasing innovation in society, including the cross-ministerial strategic innovation promotion program (SIP) and the ImPACT program for stimulating high-risk, high-impact R&D. Japan’s scientific and technological aspirations will be conveyed through numerous displays of advanced technologies.

Specifically, some 50 leading Japanese companies, universities and organizations will exhibit approximately 200 products and research achievements that are expected to contribute not only to Society 5.0 but also the UN’s Sustainable Development Goals. The exhibits will cover fields such as mobility, healthcare and caregiving, manufacturing, agriculture, food, disaster prevention and energy, including:

• Asteroid-explorer Hayabusa2’s returned capsule
• Full-scale model of SHINKAI 6500 submersible piloted to 6,500 meters undersea
• SkyDrive flying car
• Honda Legend Level-3 autonomous vehicle with high-definition 3D mapping
• Model of small synthetic-aperture radar satellite system for on-demand launches and instant observation
• HAL wearable cyborg that transmits brain signals to human muscles for assistance with physical functions
• Disaster-prevention systems for heavy rain and tornado forecasting and ICT-based information sharing
• Smart agriculture technology, such as an automated water supply and drainage system

International viewers will be welcome to enjoy the many exhibits viewable online via mobile devices and PCs, supported with explanations available in a number of languages. The organizers will be pleased to present the virtual exhibition as an opportunity for the global community to learn more about Japan’s forward-looking Society 5.0 concept.

Exhibits will be grouped under the follow themes:

Stage 1 Prologue

The opening theme will present a full-scale model of the SHINKAI 6500 research submersible and a Dagik Earth three-dimensional digital globe, etc. Satellite-based technologies that are being deployed on a practical working basis in various sectors also will be introduced.

Stage 2 Science Frontiers—Space and Ocean

Exhibits of Japan's world-class space-exploration technology will include models of the International Space Station, the "Kibo" Japanese Experiment Module, a full-scale rocket engine, and the Hayabusa2 return capsule.

Exhibits of Japan’s ocean exploration and environmental-simulation technology will include autonomous underwater vehicles for exploring hydrothermal vents and ocean-floor resources and advanced solutions for ocean research.

Stage 3 5.0 Society of the Future

Science and technologies developed through Japan’s SIP and ImPACT programs and how they will help to enhance life in five areas: 1) 100-year lifespans, 2) Mobility and social interaction, 3) Infrastructure for more resilient and safer life, 4) Human- and earth-friendly lifestyles and 5) Advanced manufacturing. Exhibits will include automated solutions such as robots, vehicles and drones, disaster-prevention systems such as AI for infrastructure inspections, robotic industrial borescopes, next-generation energy and resources such as ammonia fuel and ocean-floor minerals, and advanced materials such as synthetic spider silk and strong but flexible ultra-thin polymers.

Stage 4 Trajectory toward Society 5.0

The evolution of human civilization will be presented through videos and other visuals portraying Society 1.0 (hunting & gathering), 2.0 (agriculture), 3.0 (industry) and 4.0 (information) as well as 5.0 (at TOKYO SKYTREE^® Tembo Galleria, the closest point to space in Tokyo).

Stage 5 Society 5.0 Theater

Films from the Japan Aerospace Exploration Agency (JAXA) and JAMSTEC will be aired. Also, researchers and experts will give presentations about science, oceans, disaster prevention and ICT for advanced technology and innovation.

Please download official images from here.

Outline of Society 5.0 Expo

Society 5.0 media inquiries
Weber Shandwick
Mayuko Harada (+81-90-9006-4968)
Rina Uesugi (+81-90-2280-0041)
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

HOUSTON--(BUSINESS WIRE)--PACIFIC COAST OIL TRUST (OTC Pink–ROYTL) (the “Trust”), a royalty trust formed by Pacific Coast Energy Company LP (“PCEC”), announced today that there will be no cash distribution to the holders of its units of beneficial interest of record on July 24, 2021 based on the Trust’s calculation of net profits generated during May 2021 (the “Current Month”) as provided in the conveyance of net profits interests and overriding royalty interest (the “Conveyance”). If the Trust continues to receive insufficient monthly income from its net profits interests and overriding royalty interest, the Trust is expected to terminate by its terms by the end of 2021. As described further below, based on information from PCEC, the likelihood of distributions to the unitholders in the foreseeable future is extremely remote. The Trust may also be terminated upon the occurrence of other events as described in the Trust’s filings with the SEC. All financial and operational information in this press release has been provided to the Trustee by PCEC.

The Current Month’s distribution calculation for the Developed Properties resulted in operating income of approximately $1.2 million. Revenues from the Developed Properties were approximately $2.7 million, lease operating expenses including property taxes were approximately $1.4 million, and development costs were approximately $191,000. The average realized price for the Developed Properties was $64.97 per Boe for the Current Month, as compared to $59.91 per Boe in April 2021. Oil prices generally have continued to rise in recent months, following the sharp decline in the first quarter of 2020, and were higher in the Current Month as compared to April 2020. The cumulative net profits deficit amount for the Developed Properties declined to approximately $26.0 million in the Current Month versus approximately $27.0 million in the prior month.

The Current Month’s calculation included approximately $72,000 generated from the 7.5% overriding royalty interest on the Remaining Properties from Orcutt Diatomite and Orcutt Field. Average realized prices for the Remaining Properties were $62.43 per Boe in the Current Month, as compared to $59.24 per Boe in April 2021. The cumulative net profits deficit for the Remaining Properties increased by approximately $104,000 and was approximately $2.7 million for the Current Month.

The monthly operating and services fee of approximately $96,000 payable to PCEC and Trust general and administrative expenses of approximately $65,000, together exceeded the payment of approximately $72,000 received from PCEC from the 7.5% overriding royalty interest on the Remaining Properties, creating a shortfall of approximately $89,000.

PCEC has provided the Trust with a $1 million letter of credit to be used by the Trust if its cash on hand (including available cash reserves) is not sufficient to pay ordinary course administrative expenses as they become due. As of March 31, 2021, the letter of credit has been fully drawn down. Further, the trust agreement provides that if the Trust requires more than the $1 million under the letter of credit to pay administrative expenses, PCEC will, upon written request of the Trustee, loan funds to the Trust in such amount as necessary to pay such expenses. Under the trust agreement, the Trust may only use funds provided under the letter of credit or loaned by PCEC or another source to pay the Trust’s current accounts or other obligations to trade creditors in connection with obtaining goods or services or for the payment of other accrued current liabilities arising in the ordinary course of the Trust’s business. As the Trust has fully drawn down the letter of credit, PCEC will be loaning funds to the Trust to pay the expected shortfall of approximately $89,000, which would bring the total amount of outstanding borrowings (including the amount drawn from the letter of credit, which also must be repaid as provided in the trust agreement) from PCEC to approximately $2,367,000, plus interest thereon, related to shortfalls from prior months. Consequently, no further distributions may be made to Trust unitholders until the Trust’s indebtedness created by such amounts drawn or borrowed, including interest thereon, has been paid in full.

Sales Volumes and Prices

The following table displays PCEC’s underlying sales volumes and average prices for the Current Month:

Update on Estimated Asset Retirement Obligations

As previously disclosed, in November 2019, PCEC informed the Trustee that, as permitted by the Conveyance, PCEC intended to begin deducting its estimated asset retirement obligations (“ARO”) associated with the West Pico, Orcutt Hill, Orcutt Hill Diatomite, East Coyote and Sawtelle fields, thereby reducing the amounts payable to the Trust under its Net Profits Interests. ARO is the accounting recognition related to plugging and abandonment obligations that all oil and gas operators face. PCEC engaged an accounting firm, Moss Adams LLP (“Moss Adams”), acting as third-party consultants, to assist PCEC in determining its estimated ARO, and on February 27, 2020, PCEC informed the Trustee that based on the analysis performed by Moss Adams, PCEC’s estimated ARO, as of December 31, 2019, was $45,695,643, which is approximately $10.0 million less than the amount that was originally estimated before Moss Adams completed its analysis, as previously disclosed in the Trust’s Current Report on Form 8‑K filed on November 13, 2019. According to PCEC and its third-party consultants, its estimated ARO, which reflected PCEC’s assessment of current market conditions as of December 31, 2019 and changes in California law, was determined to be approximately $33.2 million for the Developed Properties and approximately $12.5 million for the Remaining Properties, or approximately $26.5 million and approximately $3.1 million net to the Trust, respectively, and PCEC has reflected these amounts beginning with the calculation of the net profits generated during January 2020. The accrual has resulted in a current cumulative net profits deficit of approximately $28.6 million, which must be recouped from proceeds otherwise payable to the Trust from the Trust’s Net Profits Interests. Therefore, until the net profits deficit is eliminated, the only cash proceeds the Trust will receive are pursuant to the 7.5% overriding royalty interest.

PCEC has informed the Trustee that in accordance with generally accepted accounting principles, PCEC will evaluate the ARO on a quarterly basis. As a result of that re-evaluation, the actual ARO incurred in the future may be greater or less than the estimated amounts provided by PCEC. As previously disclosed, PCEC has informed the Trustee that at year-end 2020, and following the end of the first quarter of 2021, in light of the accounting guidance under Accounting Standards Codification 410-20-35-3, which requires the recognition of changes in the asset retirement obligation due to the passage of time and revision of the timing or amount of the originally estimated undiscounted cash flows, PCEC re‑evaluated the estimated ARO, which resulted in an increase to the ARO accrual for the Developed Properties by approximately $4.2 million, net to the Trust’s interest, and an increase to the ARO accrual for the Remaining Properties by approximately $186,000, net to the Trust’s interest.

Based on PCEC’s estimate of its ARO attributable to the Net Profits Interest, deductions relating to estimated ARO are likely to eliminate the likelihood of any distributions to Trust unitholders for the foreseeable future, as previously disclosed in the Trust’s Current Report on Form 8-K filed on November 13, 2019.

As previously disclosed, the Trust engaged Martindale Consultants, Inc. (“Martindale”), a provider of analysis and compliance review services to the oil and gas industry, to perform an independent review of the estimated ARO in the Moss Adams report that PCEC provided to the Trustee. The Trustee also has engaged an accounting expert to advise the Trustee regarding the accruals that PCEC has booked relating to its estimated ARO. As disclosed in the Trust’s Current Report on Form 8-K filed on December 29, 2020, Martindale has completed its review of the estimated ARO and on December 21, 2020 provided its analysis and recommendations to the Trustee. Based on Martindale’s recommendations provided in its report to the Trust, as disclosed in the Trust’s Current Report on Form 8-K filed on December 29, 2020, the Trustee requested that PCEC promptly make several adjustments to its calculations and methods of deducting ARO from the proceeds to which the Trust is otherwise entitled pursuant to its Net Profits Interests. PCEC has responded to the Trustee, indicating PCEC’s view that the adjustments would violate applicable contracts and accounting standards, and has therefore declined to make any adjustments to the estimated ARO calculation based on those requests and the recommendations of the Martindale report. The Trustee has concluded that it has taken all action reasonably available to it under the Trust’s governing documents in connection with PCEC’s ARO calculation and therefore has determined not to take further action at this time.

As described in more detail in the Trust’s filings with the SEC, the Trust will terminate if the annual cash proceeds received by the Trust from the Net Profits Interests and 7.5% overriding royalty interest total less than $2.0 million for each of any two consecutive calendar years. PCEC is deducting estimated ARO, thereby reducing the amounts payable to the Trust. Unless significant market changes were to occur, no payments will be made by PCEC to the Trust for the foreseeable future, which would result in the total proceeds received by the Trust to total less than $2.0 million in each of 2020 and 2021.

Production Update

PCEC has informed the Trustee that production continues to lag compared to historical periods, while PCEC strategically deploys capital to enhance production. Costs associated with returning wells to service must be recovered before cash flow to the Trust can be created. PCEC has informed the Trustee that unless a substantial number of wells return to production, or oil prices improve significantly or both, any monthly payments that PCEC may make to the Trust may not be sufficient to cover the Trust’s administrative expenses and outstanding debt to PCEC, and therefore the likelihood of distributions to the unitholders in the foreseeable future is extremely remote.

Overview of Trust Structure

Pacific Coast Oil Trust is a Delaware statutory trust formed by PCEC to own interests in certain oil and gas properties in the Santa Maria Basin and the Los Angeles Basin in California (the “Underlying Properties”). The Underlying Properties and the Trust’s net profits, and royalty interests are described in the Trust’s filings with the SEC. As described in the Trust’s filings with the SEC, the amount of any periodic distributions is expected to fluctuate, depending on the proceeds received by the Trust as a result of actual production volumes, oil and gas prices, development expenses, and the amount and timing of the Trust’s administrative expenses, among other factors. For additional information on the Trust, please visit https://royt.q4web.com/home/default.aspx.

Cautionary Statement Regarding Forward-Looking Information

This press release contains statements that are "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release, other than statements of historical facts, are "forward-looking statements" for purposes of these provisions. These forward-looking statements include estimates of future asset retirement obligations, expectations regarding the impact of deductions for such obligations on future distributions to unitholders, estimates of future total distributions to unitholders in 2021, expectations regarding the impact of lower commodity prices on oil and gas reserve estimates, statements regarding the impact of returning shut-in wells to production, expectations regarding PCEC’s ability to loan funds to the Trust, and the amount and date of any anticipated distribution to unitholders. In any case, PCEC’s deductions of its estimated asset retirement obligations will have a material adverse effect on distributions to the unitholders and on the trading price of the Trust units and may result in the termination of the Trust. Any anticipated distribution is based, in part, on the amount of cash received or expected to be received by the Trust from PCEC with respect to the relevant period. Any differences in actual cash receipts by the Trust could affect this distributable amount. The amount of such cash received or expected to be received by the Trust (and its ability to pay distributions) has been and will be significantly and negatively affected by prevailing low commodity prices, which declined significantly during 2020, could decline again and could remain low for an extended period of time in light of the economic effects of the COVID-19 pandemic and actions taken by Russia and the members of the Organization of Petroleum Exporting Countries regarding production levels. Other important factors that could cause actual results to differ materially include expenses related to the operation of the Underlying Properties, including lease operating expenses, expenses of the Trust, and reserves for anticipated future expenses. Statements made in this press release are qualified by the cautionary statements made in this press release. Neither PCEC nor the Trustee intends, and neither assumes any obligation, to update any of the statements included in this press release. An investment in units issued by Pacific Coast Oil Trust is subject to the risks described in the Trust's Annual Report on Form 10-K for the year ended December 31, 2018 filed with the SEC on March 8, 2019, and if applicable, the Trust’s subsequent Quarterly Reports on Form 10-Q. The Trust's Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q are available over the Internet at the SEC's website at http://www.sec.gov.

Pacific Coast Oil Trust
The Bank of New York Mellon Trust Company, N.A., as Trustee
Sarah Newell
1(512) 236-6555

New Office Demonstrates Company’s Commitment to Regional Customers and Ensures Access to Leading Hardware-Based Cybersecurity Solutions to Protect Critical Infrastructure

COLUMBIA, Md. & ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--#CDS--Owl Cyber Defense Solutions (“Owl”), the global market leader in cross domain and network security solutions, today announced the opening of its new regional office, located in Abu Dhabi. The new office, hosted and sponsored by Al Makamin Commercial Projects LLC, part of Sultan International Holding, LLC – (SIH), will house Owl’s in-region field staff that support the company’s growing customer base of oil and gas, petrochemical, power generation, transmission and distribution, nuclear, renewable energy and water/wastewater operators; along with serving government agencies. The office will also feature a Customer Experience Center where customers can see current and future technology and work with the Owl team to conduct live testing of equipment and proof of concept projects to align with specific protocols or requirements prior to installation in a customer’s environment.

“Cybersecurity threats do not know geographical boundaries and we have helped our critical infrastructure customers in this region defend their networks for over a decade,” said Frank Pandolfe, President, International Operations for Owl. “The combination of our experience working with these organizations, coupled with our hardware-based defensive cybersecurity solutions like IXD, the first purpose-built cross domain solution for critical infrastructure network cybersecurity, will help us continue strengthening our existing relationships and reach new customers within the region.”

Owl has more than two decades of experience defending critical infrastructure networks for the U.S. government and critical infrastructure organizations around the world. Most recently, the company launched IXD, a high availability, hardware-enforced cross domain solution that controls, restricts and/or filters one-way and bidirectional data flows both to and from trusted and untrusted domains. Additionally, Owl’s data diode products are trusted by organizations around the world to allow seamless, secure data availability.

“We are grateful to the team at Al Makamin Commercial Projects for serving as Owl Cyber Defense’s host and sponsor in Abu Dhabi,” said Bob Stalick, CEO of Owl. “This new regional office is part of our ongoing expansion plan for the region and a concrete sign of our commitment to our customers, employees and partners in this region and our promise to continue bringing cutting-edge security technologies to the market.”

“Owl’s lengthy role as a technology provider to the region stands for itself, and this new office makes Owl’s team of experts and technology even more accessible,” said Michael Corbin, former U.S. Ambassador to the UAE. “The strength of the Owl technology, proven out in the U.S. over two decades of testing, accreditation and deployment, creates a local presence for a cutting-edge cybersecurity company.”

About Owl
Owl Cyber Defense cross domain, data diode, and portable media solutions provide hardened network security checkpoints for absolute threat prevention and secure data availability. Certified by the U.S. government, independent testing authorities, and international standards bodies, Owl technologies and services help to secure the network edge and enable controlled unidirectional and bidirectional data transfers. For over 20 years, clients worldwide in defense, intelligence, and infrastructure have trusted Owl’s unmatched expertise to protect networks, systems, and devices. Owl is a portfolio company of U.S.-based private equity firm, DC Capital Partners. Learn more at https://owlcyberdefense.com/.

About DC Capital Partners
DC Capital Partners is a private equity investment firm headquartered in the United States with offices in Florida and Virginia. The firm makes control equity investments in companies providing differentiated and innovative solutions in the Government and Engineering markets. The DC Capital team has extensive experience which together spans more than three decades investing in their core markets. Learn more at www.dccp.com.

Owl Cyber Defense:
Christy Pittman
This email address is being protected from spambots. You need JavaScript enabled to view it.

ALEXANDRIA, Va.--(BUSINESS WIRE)--#VSEC--VSE Corporation (NASDAQ: VSEC), a leading provider of distribution and maintenance, repair and overhaul (MRO) services for land, sea and air transportation assets in the public and private sectors, today announced that it will issue second quarter 2021 results after market close on Wednesday, July 28, 2021. A conference call will be held Thursday, July 29, 2021 at 8:30 A.M. ET to review the Company’s financial results, discuss recent events and conduct a question-and-answer session.

A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of VSE’s website at https://ir.vsecorp.com. To listen to the live broadcast, go to the site at least 15 minutes prior to the scheduled start time to register, download and install any necessary audio software.

ABOUT VSE CORPORATION

VSE is a leading provider of aftermarket distribution and repair services for land, sea and air transportation assets supporting government and commercial markets. Core services include maintenance, repair and overhaul (MRO) services, parts distribution, supply chain management and logistics, engineering support, and consulting and training services for global commercial, federal, military and defense customers. VSE also provides information technology and energy consulting services. For additional information regarding VSE’s products and services, visit www.vsecorp.com.

FORWARD LOOKING STATEMENTS

This release contains statements that, to the extent they are not recitations of historical fact, constitute “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. All such statements are intended to be subject to the safe harbor protection provided by applicable securities laws. For discussions identifying some important factors that could cause actual VSE results to differ materially from those anticipated in the forward-looking statements in this news release, see VSE’s public filings with the Securities and Exchange Commission. The forward-looking statements included herein are only made as of the date hereof, and VSE specifically disclaims any obligation to update these statements in the future.

INVESTOR RELATIONS CONTACT:
Noel Ryan | Phone: 720.778.2415 | This email address is being protected from spambots. You need JavaScript enabled to view it.

DUBLIN--(BUSINESS WIRE)--The "Lithium-Ion Battery Market with COVID-19 Impact Analysis, by Type (Li-NMC, LFP, LCO, LTO, LMO, NCA), Capacity, Voltage, Industry (Consumer Electronics, Automotive, Power, Industrial), & Region (North America, Europe, APAC & RoW) - Global Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.

The global lithium-ion battery market size is projected to grow from USD 41.1 billion in 2021 to USD 116.6 billion by 2030; it is expected to grow at a CAGR of 12.3% from 2021 to 2030.

Lithium Cobalt Oxide (LCO) Battery is expected to hold the largest market share during the forecast period.

The Lithium Cobalt Oxide (LCO) segment held the largest size of the market in 2020. LCO batteries have high energy density and are preferred in the consumer electronics industry, which is a major end-user of the lithium-ion battery market. The Lithium Nickel Manganese Cobalt (Li-NMC) segment is expected to register the highest growth rate during the forecast period. The automotive industry accounts for a substantial portion of the overall lithium-ion battery demand. Electric vehicles require high power, which can only be provided by the NMC battery type. These batteries have a very low self-heating rate and are used in electric vehicle models such as Nissan Leaf, Chevy Volt, and BMW.

The power segment is expected to grow at the highest CAGR during the forecast period.

The lithium-ion battery market for the power segment is expected to grow at the highest CAGR from 2021 to 2030. The need to fulfill the requirement for peak electricity demands is the major factor contributing to the growth of the segment. The flexibility offered by these batteries to the grid in terms of energy storage helps to deal with fluctuations associated with renewable energy sources, such as solar and wind energy, is catalyzing the adoption of lithium-ion battery energy storage systems. Lithium-ion battery energy storage systems enable grid operators to save electricity when there is a surplus of renewable energy. The COVID-19 outbreak has impacted the supply chain of lithium-ion batteries and components. Besides, due to delays in projects, developers are not able to meet the deadlines for claiming tax credits and renewable incentives. However, the market for the utility sector is expected to recover between 2021 and 2022 with the start of ongoing and planned projects.

APAC is projected to grow at the highest CAGR during the forecast period.

The lithium-ion battery market in APAC is expected to grow at the highest CAGR during 2021 to 2030. China and Japan are the world's second-and third-largest markets, respectively, for electric vehicles. Continuous developments in the consumer electronics and automotive verticals have led to an increase in the application of lithium-ion batteries as they offer various advantages, such as high power capacity, increased safety, and reduced pollution. However, the outbreak of COVID-19 has impacted the manufacturing facilities of all verticals across the world, forcing them to shut down. However, production has resumed in a few facilities in China, thereby initiating the manufacturing of some essentials. Several countries in the APAC region are planning off-grid electrification, especially in remote areas. Investments in energy storage systems are expected to increase substantially in the region as governments in developing economies are formulating new policies to improve the reliability and quality of power distribution facilities for residential customers.

Market Dynamics

Drivers

• Surging Requirement for Continuous Power Supply from Critical Infrastructures in Wake of COVID-19
• Increasing Demand for Plug-In Vehicles
• Growing Need for Battery-Operated Material-Handling Equipment in Industries due to Automation
• Continued Development of Smart Devices and Other Industrial Goods
• Growing Adoption of Lithium-Ion Batteries in Renewable Energy Sector

Restraints

• Safety Issues Related to Storage and Transportation of Spent Batteries

Opportunities

• Declining Prices of Lithium-Ion Batteries
• Growing Number of R&D Initiatives by Manufacturers for Improvements in Li-Ion Batteries

Challenges

• Disruptions in Supply Chain of Batteries and Related Components Caused by COVID-19
• Overheating of Lithium-Ion Batteries
• High Costs Associated with Battery-Operated Industrial Vehicles
• Aging of Lithium-Ion Batteries

Companies Mentioned

• Amperex Technology Limited (Atl)
• BAK Power
• BYD Company
• Calb
• Clarios
• Contemporary Amperex Technology Co. Ltd. (CATL)
• Corvus Energy
• Enerdel
• Envision Aesc Sdi Co. Ltd.
• Farasis Energy
• GS Yuasa Corporation
• Guoxuan High-Tech Co., Ltd.
• Hitachi
• Ipower Batteries Pvt. Ltd.
• LG Chem
• Lithium Energy Japan
• Lithium Werks
• Nextera Energy
• Panasonic Corporation
• Saft Groupe
• Samsung Sdi
• Sila Nanotechnologies
• Tesla
• Toshiba
• Varta Ag

For more information about this report visit https://www.researchandmarkets.com/r/e4dgp3

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HOUSTON--(BUSINESS WIRE)--The board of directors of Phillips 66 (NYSE: PSX) has declared a quarterly dividend of 90 cents per share on Phillips 66 common stock. The dividend is payable on Sept. 1, 2021, to shareholders of record as of the close of business on Aug. 18, 2021.

About Phillips 66

Phillips 66 is a diversified energy manufacturing and logistics company. With a portfolio of Midstream, Chemicals, Refining, and Marketing and Specialties businesses, the company processes, transports, stores and markets fuels and products globally. Phillips 66 Partners, the company’s master limited partnership, is integral to the portfolio. Headquartered in Houston, the company has 14,200 employees committed to safety and operating excellence. Phillips 66 had $55 billion of assets as of March 31, 2021. For more information, visit www.phillips66.com or follow us on Twitter @Phillips66Co.

Jeff Dietert (investors)
832-765-2297
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Thaddeus Herrick (media)
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EVgo’s Acquisition of Recargo is a Win-Win for EV Drivers, Automakers, and Charging Networks

LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (Nasdaq:EVGO), the nation’s largest public fast charging network for electric vehicles (EVs) and first powered by 100% renewable electricity, today announced that it has acquired Recargo, a leading e-mobility software company and one of the industry’s most utilized sources of driver-contributed EV industry data, for $25 million in an all-cash transaction (including $3mm loan repayment). The transaction brings together two trusted EV leaders and first movers with deep technical expertise and broad customer bases, combining EVgo’s national public fast charging infrastructure and Recargo’s leadership in EV innovation on app development, market research, data licensing, reporting, and advertising.

“At EVgo, we have a relentless commitment to growing the EV driver base and enhancing the customer experience,” said Cathy Zoi, CEO of EVgo. “The Recargo team shares that same commitment, developing innovative software to improve the charging experience. Recargo’s PlugShare platform has become the go-to mobile app for EV drivers. EVgo and Recargo’s combined software expertise will make driving an EV and charging it even easier — and more delightful. Together, we will extend and accelerate the reach of our business while continuing to shape the future of EV charging.”

Founded in 2009, Recargo has established itself as the technology leader and EV first mover, including:

• Building PlugShare, the world’s largest EV community, with an estimated 3 million unique driver app downloads worldwide¹. PlugShare has become the go-to source for finding and choosing public EV charging, sharing experiences with other drivers, rating charging experiences via the proprietary PlugScore feature, planning EV trips, and paying for charging.
• Developing Pay with PlugShare (PWPS), a mobile payment platform enabling seamless and reliable payment for multiple charging networks through a single app.
• Deploying PlugShare API to integrate PlugShare’s rich network data into global automaker dashboards and custom mobile and web applications.
• Integrating relevant advertisements into the PlugShare mobile application and website.
• Launching PlugInsights, the world’s largest EV driver panel (approximately 72,000 drivers) for use with survey and qualitative research.

Over the past two years, EVgo has rolled out a suite of its own proprietary system innovations, including power sharing architecture for chargers, EVgo Access™ (to enable public charging in parking garages); EVgo Advantage™ (a B2B coupon tool for partners to reach drivers); and EVgo Reservations™.

“This acquisition brings a great technical team into the fold and EVgo and Recargo can accelerate our collective growth, capitalizing on a shared focus of software innovation, commitment to open standards and interoperability, and a history of strong partnerships with automakers and other charging providers,” said Ivo Steklac, CTO/COO of EVgo. “To enhance transparency, EVgo and Recargo intend to publish PlugScore calculations and methodologies, enhance algorithms and further integrate customer and network feedback to improve the utility of the score while preserving its neutrality. Additionally, we expect to swiftly move to accept Pay with PlugShare (PWPS) on the EVgo network, opening the platform to other charging providers, giving drivers a simple way to use multiple networks and pay for charging in-app using PlugShare’s platform.”

Recargo and EVgo – Elevating the E-Mobility Transition

Recargo’s PlugShare has been an essential part of the EV driver experience, capturing nearly 3 million driver reviews and expanding community adoption, with 7 unique PlugShare app installs for every 10 EVs in operation in the U.S., as of April 2021². By crowdsourcing powerful data and insights, PlugShare has created a comprehensive census of public charging through over 52,000 public charging locations and over 133,000 chargers covered in the U.S. alone. The Recargo team brings breadth and depth of technology leadership in app development, mapping, API integration, and analytics as well as strong commercial relationships with automakers, charging networks, and other market stakeholders.

Nick Wild, CEO of Recargo, will continue to serve as President and CEO of the wholly-owned subsidiary under EVgo.

“EVgo and Recargo have a long history of partnering to enhance the driver experience. The entire Recargo team is excited to have the opportunity to further accelerate our growth as part of the EVgo family,” said Nick Wild, President and CEO of Recargo. “PlugShare has been the first and most trusted choice for EV drivers looking for information on public charging, and we are thrilled that the EVgo team is committed to the continued independence of our PlugScore™ system, increasing transparency and supporting broad interoperability and neutrality.”

¹ Source: Appfigures.com, July, 2021
² Source: IHS Markit data and internal analysis

About EVgo

EVgo is the nation’s largest public fast charging network for electric vehicles, and the first to be powered by 100% renewable energy. With more than 800 fast charging locations, EVgo’s owned and operated charging network serves over 65 metropolitan areas across 34 states and more than 250,000 customers. Founded in 2010, EVgo leads the way on transportation electrification, partnering with automakers; fleet and rideshare operators; retail hosts such as hotels, shopping centers, gas stations and parking lot operators; and other stakeholders to deploy advanced charging technology to expand network availability and make it easier for drivers across the U.S. to enjoy the benefits of driving an EV. As a charging technology first mover, EVgo works closely with business and government leaders to accelerate the ubiquitous adoption of EVs by providing a reliable and convenient charging experience close to where drivers live, work and play, whether for a daily commute or a commercial fleet.

EVgo
For Investors:
Ted Brooks, VP of Investor Relations
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HOUSTON--(BUSINESS WIRE)--The board of directors of Phillips 66 (NYSE: PSX) has appointed Denise R. Cade and Douglas T. Terreson to serve as independent directors, effective July 14, 2021. Cade will serve on the audit and finance committee and the public policy and sustainability committee of the board, and Terreson will serve on the human resources and compensation committee and the public policy and sustainability committee of the board. Following the appointments, the board of Phillips 66 will comprise 11 directors, 10 of whom are independent.

Cade is the Senior Vice President, General Counsel and Corporate Secretary of IDEX Corporation, a position she has held since 2015. Prior to joining IDEX, she served as Senior Vice President, General Counsel, Corporate Secretary and Chief Compliance Officer at SunCoke Energy, Inc. and its controlled company SunCoke Energy Partners, L.P., where she was on the board of directors, from 2011 to 2015. Prior to joining SunCoke Energy, Cade held several positions at PPG Industries, Inc., including Assistant General Counsel and Corporate Secretary, Chief Securities and Finance Counsel, Chief M&A Counsel, and General Counsel of the Glass and Fiberglass Division. Prior to joining PPG, Cade was a partner at Shaw Pittman LLP, a law firm. Cade currently serves on the board of directors of Teledyne Technologies Incorporated.

Terreson is a former Senior Advisor at Evercore, a position he held since 2021. Terreson previously served as the Head of Global Energy at Evercore ISI, from 2016 until 2021. Terreson joined International Strategy & Investment Group (ISI), which was acquired by Evercore in 2014, in 2009, after 15 years at Morgan Stanley, where he managed the Global Energy Group. Prior to that, he managed Putnam Investments’ energy mutual fund. Terreson began his career as an engineer with Schlumberger Limited. Terreson is the chair of the investment committee of the Mississippi State University Foundation Board.

About Phillips 66

Phillips 66 is a diversified energy manufacturing and logistics company. With a portfolio of Midstream, Chemicals, Refining, and Marketing and Specialties businesses, the company processes, transports, stores and markets fuels and products globally. Phillips 66 Partners, the company’s master limited partnership, is integral to the portfolio. Headquartered in Houston, the company has 14,200 employees committed to safety and operating excellence. Phillips 66 had $55 billion of assets as of March 31, 2021. For more information, visit www.phillips66.com or follow us on Twitter @Phillips66Co.

Jeff Dietert (investors)
832-765-2297
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Shannon Holy (investors)
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Thaddeus Herrick (media)
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Not for Distribution to United States Newswire Services or for Dissemination in the United States

TORONTO--(BUSINESS WIRE)--Sherritt International Corporation (“Sherritt” or the “Corporation”) (TSX:S) will release its second quarter 2021 financial results after market close on July 29, 2021. Senior management will host a conference call and webcast on July 30, 2021 at 10:00 am ET to review Sherritt’s second quarter financial and operational performance.

Dial-in and Webcast Details:
North America dial-in number: 1 (888) 500-2295
International dial-in number: (438) 801-4078
Webcast and slide presentation: www.sherritt.com

Please dial in 15 minutes before the start of the conference to secure a line and avoid delays. Alternatively, listeners will be able to access the conference call via the webcast available on Sherritt’s website.

A copy of the webcast and replay of the conference call will be available on the website following the presentation.

About Sherritt
Sherritt is a world leader in the mining and refining of nickel and cobalt – metals essential for the growing adoption of electric vehicles. Its Technologies Group creates innovative, proprietary solutions for oil and mining companies around the world to improve environmental performance and increase economic value. Sherritt is also the largest independent energy producer in Cuba. Sherritt’s common shares are listed on the Toronto Stock Exchange under the symbol “S”.

Joe Racanelli, Director of Investor Relations
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(416) 935-2457