SAN FRANCISCO--(BUSINESS WIRE)--CAI International, Inc. (CAI) (NYSE: CAI) one of the world’s leading transportation finance companies, announces the following earnings release date and conference call:

If you are unable to participate during the live conference call and webcast, the call will be archived at www.capps.com for 30 days (click the “Investors” tab).

David Morris, Chief Accounting Officer
(415) 788-0100
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• Shareholder conference call with Paulo Misk, President and CEO, Ernest Cleave, CFO, Paul Vollant, VP of Commercial, and Shazad Butt, VP of Engineering will be conducted at 11:00 a.m. ET on Thursday, May 13, 2021.

TORONTO--(BUSINESS WIRE)--$LGO #VRFB--Largo Resources Ltd. ("Largo" or the "Company") (TSX: LGO) (NASDAQ: LGO) will release its first quarter 2021 financial results on Wednesday, May 12, 2021 after the close of market trading. Additionally, the Company will host a conference call to discuss first quarter 2021 operating and financial results on Thursday, May 13 at 11:00 a.m. ET.

Details of the conference call are listed below:

About Largo Resources

Largo Resources is an industry preferred, vertically integrated vanadium company. It services multiple vanadium market applications through the supply of its unrivaled VPURE™ and VPURE+™ products, from one of the world’s highest-grade vanadium deposits at the Company’s Maracás Menchen Mine located in Brazil. Largo is also focused on the advancement of renewable energy storage solutions through its world-class VCHARGE± vanadium redox flow battery technology. The Company's common shares are listed on the Toronto Stock Exchange and on the Nasdaq Stock Market under the symbol "LGO".

For more information on Largo and VPURE™, please visit www.largoresources.com and www.largoVPURE.com.

For additional information on Largo Clean Energy, please visit www.largocleanenergy.com.

Investor Relations:
Alex Guthrie
Senior Manager, External Relations
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Tel: +1 416-861-9797

Media Enquiries:
Crystal Quast
Bullseye Corporate
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Tel: +1 647-529-6364

HOUSTON--(BUSINESS WIRE)--Helix Energy Solutions Group, Inc. ("Helix") (NYSE: HLX) reported a net loss of $2.9 million, or $(0.02) per diluted share, for the first quarter 2021 compared to a net loss of $11.9 million, or $(0.09) per diluted share, for the same period in 2020 and net income of $4.2 million, or $0.03 per diluted share, for the fourth quarter 2020.

Helix reported Adjusted EBITDA of $36.2 million in the first quarter 2021 compared to $19.3 million in the first quarter 2020 and $35.3 million in the fourth quarter 2020. The table below summarizes our results of operations:

Owen Kratz, President and Chief Executive Officer of Helix, stated, "Our first quarter 2021 results reflect consistent financial performance as we benefitted from the recommencement of operations of the Q7000 in Nigeria, an early start-up of the Well Enhancer from its winter warm stack and improved cost structure in our Robotics segment. During the first quarter, we continued to de-lever our balance sheet with the repayment at maturity of our Q5000 Loan while maintaining significant liquidity with free cash flow generation. Although we expect 2021 to be another challenging year as our Well Intervention group shifts more to the spot market, we should remain poised to benefit when the market returns."

Segment Results

Well Intervention

Well Intervention revenues increased $21.8 million, or 19%, in the first quarter 2021 compared to the previous quarter. The increase was primarily due to higher utilization on the Q7000, which resumed operations in Nigeria January 2021, and higher utilization on the Well Enhancer in the North Sea as the vessel emerged from its seasonal warm stacking mid-February. Overall Well Intervention vessel utilization increased to 70% in the first quarter 2021 from 56% in the fourth quarter 2020. Well Intervention income from operations increased $3.3 million in the first quarter 2021 compared to the previous quarter due to increased revenues, offset in part by increased operating costs associated with higher overall utilization quarter over quarter.

Well Intervention revenues decreased $6.9 million, or 5%, in the first quarter 2021 compared to the first quarter 2020. The decrease in revenues was primarily due to lower vessel utilization in the North Sea and West Africa during the first quarter 2021, offset in part by higher utilization in the Gulf of Mexico, compared to the first quarter 2020. Utilization in the Gulf of Mexico during the first quarter 2020 was lower due to our scheduled regulatory certification inspections for the Q4000 and the Q5000. Well Intervention vessel utilization decreased to 70% in the first quarter 2021 from 72% in the first quarter 2020. Well Intervention generated income from operations of $5.2 million in the first quarter 2021 compared to operating losses of $5.7 million in the first quarter 2020, with improvements primarily related to higher revenues on the Q5000 and cost reduction efforts associated with lower utilization in the North Sea and West Africa during idle periods.

Robotics

Robotics revenues decreased $20.0 million, or 47%, in the first quarter 2021 compared to the previous quarter. The decrease in revenues was due to a reduction in vessel days as well as a reduction in ROV and trenching activity compared to the previous quarter. Chartered vessel utilization decreased to 90% in the first quarter 2021, which included 165 total vessel days, compared to 100% in the fourth quarter 2020, which included 336 total vessel days. Vessel days during the fourth quarter 2020 included 152 spot vessel days primarily attributable to the seabed clearance and decommissioning projects in the North Sea and utilization on the Ross Candies in the Gulf of Mexico compared to three spot vessel days during the first quarter 2021. ROV, trencher and ROVDrill utilization decreased to 24% in the first quarter 2021 from 32% in the previous quarter, and vessel trenching days in the first quarter 2021 decreased to 72 days compared to 92 days in the previous quarter. Robotics generated operating losses of $2.9 million during the first quarter 2021 compared to income from operations of $1.8 million during the fourth quarter 2020 due to lower revenues, offset in part by lower operating costs, quarter over quarter.

Robotics revenues decreased $13.1 million, or 37%, in the first quarter 2021 compared to the first quarter 2020. The decrease in revenues year over year was due to a reduction in vessel days as well as a reduction in ROV utilization compared to the first quarter 2020. This decrease was offset in part by increased trenching activity year over year. Chartered vessel utilization increased slightly to 90% during the first quarter 2021 compared to 89% during the first quarter 2020; however, total vessel days during the first quarter 2021 decreased to 165 compared to 405 during the first quarter 2020. Vessel days during the first quarter 2020 included 272 spot vessel days primarily attributable to the seabed clearance project in the North Sea and utilization on the Ross Candies in the Gulf of Mexico compared to three spot vessel days during the first quarter 2021. ROV, trencher and ROVDrill utilization was 24% in the first quarter 2021 compared to 34% in the first quarter 2020, and vessel trenching days in the first quarter 2021 increased to 72 days compared to 42 days in the first quarter 2020. Robotics results from operations declined $0.1 million in the first quarter 2021 compared to the first quarter 2020 due to lower revenues, offset in part by lower operating costs, year over year.

Production Facilities

During the first quarter 2021, Production Facilities revenues increased $1.4 million, or 10%, compared to the previous quarter and $0.9 million, or 6%, compared to the first quarter 2020 primarily due to higher oil and gas production revenues in the first quarter 2021.

Selling, General and Administrative and Other

Selling, General and Administrative

Selling, general and administrative expenses were $15.2 million, or 9.3% of revenue, in the first quarter 2021 compared to $12.8 million, or 8.0% of revenue, in the fourth quarter 2020. The higher expenses during the first quarter were primarily due to the timing of employee benefit related costs as well as certain credits related to employee benefits recognized during the prior quarter.

Other Income and Expenses

Other income, net was $1.6 million in the first quarter 2021 compared to $8.4 million in the fourth quarter 2020. Other income, net includes unrealized foreign currency translation gains related to the British pound, which strengthened 1% during the first quarter 2021 compared to 6% during the fourth quarter 2020.

Cash Flows

Operating cash flows were $39.9 million in the first quarter 2021 compared to $40.2 million in the fourth quarter 2020 and $(17.2) million in the first quarter 2020. The increase in operating cash flows year over year was due to higher earnings, lower regulatory certification costs for our vessels and systems and improvements in working capital during the first quarter 2021.

Capital expenditures totaled $1.3 million in the first quarter 2021 compared to $1.1 million in the fourth quarter 2020 and $12.4 million in the first quarter 2020. Capital expenditures in the first quarter 2020 included capital spending related to the completion of the Q7000, which was placed into service during the first quarter 2020. Regulatory certification costs for our vessels and systems, which are included in operating cash flows, were $1.8 million in the first quarter 2021 compared to $0.8 million in the fourth quarter 2020 and $17.8 million in the first quarter 2020. Regulatory certification costs during the first quarter 2020 included dry dock costs on the Q4000, the Q5000 and the Seawell as well as certification costs for several intervention systems.

Free cash flow was $38.5 million in the first quarter 2021 compared to $39.1 million in the fourth quarter 2020 and $(29.6) million in the first quarter 2020. The increase in free cash flow year over year was due to higher operating cash flows and lower capital expenditures. (Free cash flow is a non-GAAP measure. See reconciliation below.)

Financial Condition and Liquidity

Cash and cash equivalents were $204.8 million at March 31, 2021 and excluded $65.6 million of restricted cash pledged as collateral on a short-term project-related letter of credit. Available capacity under our revolving credit facility was $172.2 million at March 31, 2021. Consolidated long-term debt decreased to $336.0 million at March 31, 2021 from $349.6 million at December 31, 2020. The decrease in long-term debt was primarily due to scheduled maturities of $58.2 million of existing debt, including the repayment of the Q5000 Loan, offset in part by the impact of the adoption of ASC 2020-06, which required us to reverse unamortized discounts on our outstanding convertible senior notes totaling $44.1 million. Consolidated net debt at March 31, 2021 was $65.7 million. Net debt to book capitalization at March 31, 2021 was 4%. (Net debt and net debt to book capitalization are non-GAAP measures. See reconciliations below.)

Conference Call Information

Further details are provided in the presentation for Helix’s quarterly teleconference to review its first quarter 2021 results (see the "For the Investor" page of Helix’s website, www.HelixESG.com). The teleconference, scheduled for Tuesday, April 27, 2021 at 9:00 a.m. Central Time, will be audio webcast live from the "For the Investor" page of Helix’s website. Investors and other interested parties wishing to participate in the teleconference may join by dialing 1-800-771-6871 for participants in the United States and 1-303-223-0117 for international participants. The passcode is "Staffeldt." A replay of the webcast will be available on the "For the Investor" page of Helix’s website by selecting the "Audio Archives" link beginning approximately two hours after the completion of the event.

About Helix

Helix Energy Solutions Group, Inc., headquartered in Houston, Texas, is an international offshore energy services company that provides specialty services to the offshore energy industry, with a focus on well intervention and robotics operations. For more information about Helix, please visit our website at www.HelixESG.com.

Non-GAAP Financial Measures

Management evaluates performance and financial condition using certain non-GAAP measures, primarily EBITDA, Adjusted EBITDA, net debt, net debt to book capitalization and free cash flow. We define EBITDA as earnings before income taxes, net interest expense, gain or loss on extinguishment of long-term debt, net other income or expense, and depreciation and amortization expense. Non-cash impairment losses on goodwill and other long-lived assets and gains and losses on equity investments are also added back if applicable. To arrive at our measure of Adjusted EBITDA, we exclude the gain or loss on disposition of assets and the general provision for current expected credit losses, if any. In addition, we include realized losses from foreign currency exchange contracts not designated as hedging instruments, which are excluded from EBITDA as a component of net other income or expense. Net debt is calculated as total long-term debt less cash and cash equivalents and restricted cash. Net debt to book capitalization is calculated by dividing net debt by the sum of net debt and shareholders’ equity. We define free cash flow as cash flows from operating activities less capital expenditures, net of proceeds from sale of assets.

We use EBITDA and free cash flow to monitor and facilitate internal evaluation of the performance of our business operations, to facilitate external comparison of our business results to those of others in our industry, to analyze and evaluate financial and strategic planning decisions regarding future investments and acquisitions, to plan and evaluate operating budgets, and in certain cases, to report our results to the holders of our debt as required by our debt covenants. We believe that our measures of EBITDA and free cash flow provide useful information to the public regarding our operating performance and ability to service debt and fund capital expenditures and may help our investors understand and compare our results to other companies that have different financing, capital and tax structures. Other companies may calculate their measures of EBITDA, Adjusted EBITDA and free cash flow differently from the way we do, which may limit their usefulness as comparative measures. EBITDA, Adjusted EBITDA and free cash flow should not be considered in isolation or as a substitute for, but instead are supplemental to, income from operations, net income, cash flows from operating activities, or other income or cash flow data prepared in accordance with GAAP. Users of this financial information should consider the types of events and transactions that are excluded from these measures. See reconciliation of the non-GAAP financial information presented in this press release to the most directly comparable financial information presented in accordance with GAAP.

Forward-Looking Statements

This press release contains forward-looking statements that involve risks, uncertainties and assumptions that could cause our results to differ materially from those expressed or implied by such forward-looking statements. All statements, other than statements of historical fact, are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, any statements regarding the ongoing COVID-19 pandemic and oil price volatility and their respective effects and results, our protocols and plans, our current work continuing, the spot market, our spending and cost reduction plans and our ability to manage changes; our strategy; any statements regarding visibility and future utilization; any projections of financial items; any statements regarding future operations expenditures; any statements regarding the plans, strategies and objectives of management for future operations; any statements regarding our ability to enter into, renew and/or perform commercial contracts; any statements concerning developments; any statements regarding future economic conditions or performance; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Forward-looking statements are subject to a number of known and unknown risks, uncertainties and other factors that could cause results to differ materially from those in the forward-looking statements, including but not limited to the results and effects of the COVID-19 pandemic and actions by governments, customers, suppliers and partners with respect thereto; market conditions; results from acquired properties; demand for our services; the performance of contracts by suppliers, customers and partners; actions by governmental and regulatory authorities including recent regulatory initiatives by the new U.S. administration; operating hazards and delays, which include delays in delivery, chartering or customer acceptance of assets or terms of their acceptance; our ultimate ability to realize current backlog; employee management issues; complexities of global political and economic developments; geologic risks; volatility of oil and gas prices and other risks described from time to time in our reports filed with the Securities and Exchange Commission ("SEC"), including our most recently filed Annual Report on Form 10-K and in our other filings with the SEC, which are available free of charge on the SEC’s website at www.sec.gov. We assume no obligation and do not intend to update these forward-looking statements, which speak only as of their respective dates, except as required by the securities laws.

Social Media

From time to time we provide information about Helix on Twitter (@Helix_ESG), LinkedIn (www.linkedin.com/company/helix-energy-solutions-group), Facebook (www.facebook.com/HelixEnergySolutionsGroup) and Instagram (www.instagram.com/helixenergysolutions).

Erik Staffeldt
Ph 281-618-0465
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Electronic Voting Cutoff is at 11:59 pm ET on April 27, 2021

All Voted Must be Received by that Time

• It is important that you vote your shares today.

• If the Extension Amendment Proposal is not approved by the requisite vote, stockholders will not have the opportunity to vote on the business combination with Microvast, Tuscan may need to be dissolved and in such event your shares would be redeemed for approximately $10.22 per share.

• Leading independent voting advisory firms Institutional Shareholder Services and Glass Lewis have recommended stockholders vote "FOR" the extension amendment.

• If you need assistance voting your shares, please contact Advantage Proxy, Inc., Tuscan Holdings’ proxy solicitor, toll-free at 1-877-870-8565, collect at 1-206-870-8565 or by email to This email address is being protected from spambots. You need JavaScript enabled to view it.

NEW YORK--(BUSINESS WIRE)--Tuscan Holdings Corp. (NASDAQ: THCB) (“Tuscan” or the “Company”) urges stockholders of record on March 17, 2021 to vote in favor of the proposal to extend the date by which the Company has to consummate its business combination with Microvast from April 30, 2021 to July 31, 2021 (the “Extension Amendment”) at its annual meeting of stockholders to be held virtually at https://www.cstproxy.com/tuscanholdingscorp/2021 on April 28, 2021 at 10:00 am Eastern Time.

If the requisite vote is not received in favor of the Extension Amendment Proposal, stockholders will not have the opportunity to vote on the business combination with Microvast and Tuscan may need to dissolve. In such event, your shares are expected to be redeemed for approximately $10.22 per share.

Any shares purchased in the open market by the Company’s sponsor, management or their related entities after March 17, 2021 cannot be voted at the annual meeting and as a result, cannot affect whether the Extension Amendment is approved. All shares owned by the Company’s sponsor, management and related entities as of March 17, 2021 have been voted in favor of the Extension Amendment.

"I would like to thank the shareholders that have already voted their proxies. However, more votes are needed to meet the required threshold for the Extension Amendment Proposal to be approved. Only you, our stockholders of record as of March 17, 2021, can make this vote happen," stated Stephen Vogel, Chairman and CEO of Tuscan Holdings Corp.

Please vote by telephone or internet today. Please note that if your shares are held at a brokerage firm or bank, your broker will not vote your shares for you. You must instruct your bank or broker to cast the vote. For assistance with voting your shares please contact Advantage Proxy, Inc. toll free at 1-877-870-8565, collect at 1-206-870-8565 or by email to This email address is being protected from spambots. You need JavaScript enabled to view it..

Additional Information and Where to Find It

In connection with the annual meeting of stockholders, Tuscan filed a definitive proxy statement with the SEC on March 24, 2021 (“Annual Meeting Proxy Statement”). Additionally, in connection with the proposed business combination transaction involving Tuscan and Microvast, Inc. a Delaware corporation (“Microvast”), Tuscan filed a preliminary proxy statement with the SEC on February 16, 2021 and intends to file a definitive proxy statement (collectively, “Merger Proxy Statement”). This document is not a substitute for the Annual Meeting Proxy Statement or Merger Proxy Statement. INVESTORS AND SECURITY HOLDERS AND OTHER INTERESTED PARTIES ARE URGED TO READ THE ANNUAL MEETING PROXY STATEMENT FOR MORE INFORMATION ABOUT THE PROPOSALS TO BE BROUGHT BEFORE THE ANNUAL MEETING, TO READ THE MERGER PROXY STATEMENT FOR MORE INFORMATION ABOUT THE PROPOSED TRANSACTION WITH MICROVAST, AND TO READ ANY OTHER RELEVANT DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE. The Annual Meeting Proxy Statement and Merger Proxy Statement and other documents that may be filed with the SEC (when they are available) can be obtained free of charge from the SEC’s website at www.sec.gov. These documents (when they are available) can also be obtained free of charge from Tuscan upon written request to Tuscan at Tuscan Holdings Corp., 135 E. 57th St., 17th Floor, New York, NY 10022.

No Offer or Solicitation

This document is not a proxy statement or solicitation of a proxy or authorization with respect to any securities or in respect of the proposed transactions and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of Tuscan Holdings Corp., nor shall there be any sale of such securities in any state or jurisdiction where such offer, solicitation, or sale would be unlawful.

Participants in Solicitation

This communication is not a solicitation of a proxy from any investor or securityholder. However, Tuscan and certain of its directors and executive officers may be deemed to be participants in the solicitation of proxies in connection with the annual meeting of stockholders under the rules of the SEC. Information about Tuscan’s directors and executive officers and their ownership of Tuscan’s securities is set forth in Tuscan’s filings with the SEC, including Tuscan’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020, which was filed with the SEC on March 24, 2021, and the definitive proxy statement which was filed with the SEC on March 24, 2021 and mailed to Tuscan’s stockholders on or about March 25, 2021. When available, these documents can be obtained free of charge from Tuscan upon written request to Tuscan at Tuscan Holdings Corp., 135 E. 57th St., 17th Floor, New York, NY 10022.

Forward Looking Statements

This communication contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about future financial and operating results, our plans, objectives, expectations and intentions with respect to future operations, products and services; and other statements identified by words such as “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimated,” “believe,” “intend,” “plan,” “projection,” “outlook” or words of similar meaning. Forward-looking statements are based upon the current beliefs and expectations of our management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control. Actual results and the timing of events may differ materially from the results anticipated in these forward-looking statements.

In addition to factors previously disclosed in Tuscan’s reports filed with the SEC and those identified elsewhere in this communication, the following factors, among others, could cause actual results and the timing of events to differ materially from the anticipated results or other expectations expressed in the forward-looking statements: (1) failure of Tuscan’s stockholders to approve the extension amendment proposal; (2) inability to complete the proposed business combination with Microvast within the required time period or, if Tuscan does not complete the proposed business combination with Microvast, any other business combination; (3) the inability to complete the proposed business combination with Microvast due to the failure to meet one or more closing conditions or the occurrence of any event, change or other circumstances that could give rise to the termination of the definitive agreement; and (4) the impact of the ongoing COVID-19 pandemic.

All information set forth herein speaks only as of the date hereof, and we disclaim any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication.

Tuscan Holdings Corp.:
Stephen Vogel
Chairman & CEO
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Stockholders:
Advantage Proxy, Inc.
Toll Free: 1-877-870-8565
Collect: 1-206-870-8565
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Media / Investors:
Ashish Gupta
Investor Relations
Telephone: 646-677-1875
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NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (the "Company") plans to announce its financial results for the first quarter 2021 prior to 8:00 A.M. Eastern Time on Friday, May 7, 2021. A copy of the press release and an earnings supplement will be posted to the Investors section of the Company's website, www.newfortressenergy.com.

In addition, management will host a conference call on Friday, May 7, 2021 at 8:00 A.M. Eastern Time. The conference call may be accessed by dialing (866) 953-0778 (from within the U.S.) or (630) 652-5853 (from outside of the U.S.) fifteen minutes prior to the scheduled start of the call; please reference “NFE First Quarter 2021 Earnings Call."

A simultaneous webcast of the conference call will be available to the public on a listen-only basis at www.newfortressenergy.com. Please allow extra time prior to the call to visit the site and download the necessary software required to listen to the internet broadcast.

A replay of the conference call will be available after 11:00 A.M. Eastern Time on Friday, May 7, 2021 through 11:00 A.M. Eastern Time on Friday, May 14, 2021 at (855) 859-2056 (from within the U.S.) or (404) 537-3406 (from outside of the U.S.), Passcode: 9098098.

About New Fortress Energy Inc.

New Fortress Energy Inc. (NASDAQ: NFE) is a global energy infrastructure company founded to help accelerate the world’s transition to clean energy. The company funds, builds and operates natural gas infrastructure and logistics to rapidly deliver fully integrated, turnkey energy solutions that enable economic growth, enhance environmental stewardship and transform local industries and communities.

IR:
Joshua Kane
(516) 268-7455
This email address is being protected from spambots. You need JavaScript enabled to view it.

Media:
Jake Suski
(516) 268-7403
This email address is being protected from spambots. You need JavaScript enabled to view it.

HOUSTON--(BUSINESS WIRE)--Cheniere Energy Partners, L.P. (“Cheniere Partners”) (NYSE American: CQP) today declared (i) a cash distribution of $0.660 ($2.64 annualized) per common unit to unitholders of record as of May 6, 2021, and (ii) the related distribution to its general partner. These distributions are payable on May 14, 2021.

This press release serves as qualified notice to nominees as provided for under Treasury Regulation Section 1.1446-4(b)(4) and (d). Please note that 100 percent of Cheniere Partners’ distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, all of Cheniere Partners’ distributions to foreign investors are subject to federal income tax withholding at the highest applicable effective tax rate. Nominees are treated as withholding agents responsible for withholding distributions received by them on behalf of foreign investors.

About Cheniere Partners

Cheniere Partners is developing, constructing and operating natural gas liquefaction facilities at the Sabine Pass LNG terminal located in Cameron Parish, Louisiana, on the Sabine-Neches Waterway less than four miles from the Gulf Coast. Cheniere Partners is currently operating five natural gas liquefaction Trains and is constructing one additional Train for a total production capacity of approximately 30 mtpa of LNG at the Sabine Pass terminal. The Sabine Pass LNG terminal has operational regasification facilities that include five LNG storage tanks, two marine berths and vaporizers and an additional marine berth that is under construction. Cheniere Partners also owns the Creole Trail Pipeline, a 94-mile pipeline that interconnects the Sabine Pass LNG terminal with a number of large interstate pipelines.

For additional information, please refer to the Cheniere Partners website at www.cheniere.com and Annual Report on Form 10-K for the fiscal year ended December 31, 2020, filed with the Securities and Exchange Commission.

Forward-Looking Statements

This press release contains certain statements that may include “forward-looking statements.” All statements, other than statements of historical or present facts or conditions, included herein are “forward-looking statements.” Included among “forward-looking statements” are, among other things, (i) statements regarding Cheniere Partners’ financial and operational guidance, business strategy, plans and objectives, including the development, construction and operation of liquefaction facilities, (ii) statements regarding expectations regarding regulatory authorizations and approvals, (iii) statements expressing beliefs and expectations regarding the development of Cheniere Partners’ LNG terminal and liquefaction business, (iv) statements regarding the business operations and prospects of third parties, (v) statements regarding potential financing arrangements, (vi) statements regarding future discussions and entry into contracts, and (vii) statements regarding the COVID-19 pandemic and its impact on our business and operating results. Although Cheniere Partners believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Cheniere Partners’ actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in Cheniere Partners’ periodic reports that are filed with and available from the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required under the securities laws, Cheniere Partners does not assume a duty to update these forward-looking statements.

Cheniere Partners
Investors
Randy Bhatia 713-375-5479
Megan Light 713-375-5492
Media Relations
Eben Burnham-Snyder 713-375-5764
Jenna Palfrey 713-375-5491

• Sale of 25 million Technip Energies N.V. (“Technip Energies”) shares representing ca. 14% of Technip Energies’ share capital through an accelerated bookbuild offering
• TechnipFMC plc (“TechnipFMC”) would, upon completion of the Placement and the Concurrent Sale to Technip Energies, retain a stake of ca. 31% of the share capital of Technip Energies

LONDON & PARIS & HOUSTON--(BUSINESS WIRE)--Regulatory News:

TechnipFMC (NYSE:FTI) (Paris:FTI) (ISIN:GB00BDSFG982):

This press release is not an offer of securities for sale into the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States, except pursuant to an applicable exemption from registration. No public offering of securities is being made in the United States.

This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities and the offer of Technip Energies shares does not constitute a public offering other than to qualified investors in any jurisdiction, including in France.

TechnipFMC announces the sale of 25 million Technip Energies shares (the “Shares”), representing ca. 14% of Technip Energies’ share capital, through a private placement by way of an accelerated bookbuild offering (the “Placement”). The sale price of the Shares in the Placement is set at €11.10 per Share, yielding total gross proceeds of €277.5 million.

Concurrently with the Placement, Technip Energies will purchase from TechnipFMC ca. 1.8 million shares (equivalent to 1% of share capital) at €11.10 per share, corresponding to the price of the Placement (the “Concurrent Sale to Technip Energies”). This purchase is separate from the Placement.

Upon completion of the Placement and the Concurrent Sale to Technip Energies, TechnipFMC retains a direct stake of ca. 31% of Technip Energies’ share capital.

TechnipFMC has agreed to a 60-day lock-up for its remaining shares in Technip Energies, subject to waiver from the Joint Global Coordinators involved in the Placement and certain other customary exceptions, including transfer of shares to a subsidiary, granting and enforcement of security interests in connection with financing and derivative transactions and tender into any public tender offer for all or part of the shares.

The Placement was conducted without a public offering in any country and was open to eligible institutional investors.

Settlement for the Placement is expected to take place on or around 30 April 2021.

* * * *

Important notices

This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities and the offer of shares of Technip Energies (the “Shares”) by TechnipFMC does not constitute a public offering other than to qualified investors in any jurisdiction, including in France.

In member states of the European Economic Area, this communication and any offer if made subsequently is directed exclusively at persons who are “qualified investors” within the meaning of Article 2(e) of the Prospectus Regulation.

In the United Kingdom, any offer of the Shares will be made pursuant to an exemption under Regulation (EU) 2017/1129 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 (the “UK Prospectus Regulation”) from a requirement to publish a prospectus for offers of Shares. This communication is for distribution in the United Kingdom only to (i) investment professionals falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (ii) high net worth entities and other persons to whom it may lawfully be communicated, falling within article 49(2)(a) to (d) of the Order.

The Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, US persons, absent registration or an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There will be no public offer of the Shares in the United States or in any other jurisdiction. The Shares are being offered outside the United States in transactions that are not subject to the Securities Act pursuant to Regulation S under the Securities Act (“Regulation S”) to persons other than US persons (within the meaning of Regulation S) and in the United States to "qualified institutional buyers" (“QIBs”) pursuant to an exemption from, or in transactions not subject to, the registration requirements of the Securities Act.

In addition to the foregoing restrictions, the release, publication or distribution of this press release generally may be restricted by law in certain jurisdictions and persons into whose possession this document or other information referred to herein should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

The information contained in this announcement is for background purposes only and does not purport to be full or complete and no reliance may be placed by any person for any purpose on the information contained in this announcement or its accuracy, fairness or completeness. Any investment decision to buy Shares in the Placement must be made solely on the basis of publicly available information regarding Technip Energies. Such information is not the responsibility of TechnipFMC.

The Joint Global Coordinators are acting on behalf of TechnipFMC and no one else in connection with the Placement and will not be responsible to any other person for providing the protections afforded to any of its clients or for providing advice in relation to the Placement.

EACH PROSPECTIVE INVESTOR SHOULD PROCEED ON THE ASSUMPTION THAT IT MUST BEAR THE ECONOMIC RISK OF AN INVESTMENT IN THE SHARES. NEITHER TECHNIPFMC NOR THE JOINT GLOBAL COORDINATORS MAKES ANY REPRESENTATION AS TO (I) THE SUITABILITY OF THE SHARES FOR ANY PARTICULAR INVESTOR, (II) THE APPROPRIATE ACCOUNTING TREATMENT AND POTENTIAL TAX CONSEQUENCES OF INVESTING IN THE SHARES OR (III) THE FUTURE PERFORMANCE OF THE SHARES EITHER IN ABSOLUTE TERMS OR RELATIVE TO COMPETING INVESTMENTS.

The information contained in this press release is subject to change in its entirety without notice up to the settlement date. TechnipFMC, the Joint Global Coordinators and their respective affiliates expressly disclaim, to fullest extent permitted by applicable law, any obligation or undertaking to update, review or revise any statement contained in this press release whether as a result of new information, future developments or otherwise.

About TechnipFMC

TechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services.

With our proprietary technologies and comprehensive solutions, we are transforming our clients’ project economics, helping them unlock new possibilities to develop energy resources while reducing carbon intensity and supporting their energy transition ambitions.

Organized in two business segments — Subsea and Surface Technologies — we will continue to advance the industry with our pioneering integrated ecosystems (such as iEPCI™, iFEED™ and iComplete™), technology leadership and digital innovation.

Each of our approximately 20,000 employees is driven by a commitment to our clients’ success, and a culture of strong execution, purposeful innovation, and challenging industry conventions.

Investor relations
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James Davis
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Brooke Robertson
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PORTLAND, Ore.--(BUSINESS WIRE)--Campbell Global (“Campbell”) today announced the results of its inaugural carbon footprint assessment for assets under management. For the 2020 calendar year, Campbell’s carbon footprint was climate positive, with managed timberlands sequestering over 1.7 million tonnes of CO2 equivalents (MMTC02e) across the United States, New Zealand, and Australia. After accounting for Scope 1, 2, and 3 emissions associated with forest operations and operating facilities, net carbon capture for the year was approximately 1.3 MMTC02e. Sustainable timber harvests also yielded more than 6.6 MMTC02e in the form of certified raw materials that were delivered to downstream wood processing facilities.

“Completion of the inaugural carbon footprint assessment further demonstrates our leadership in responsible investing and impact reporting,” said John Gilleland, Chairman and CEO. “Understanding the greenhouse gas profile for each asset entrusted to our management, well-positions us and our clients to establish and monitor progress associated with climate-related management objectives.”

To calculate the carbon footprint, Campbell collaborated with Bluesource on the development of a credible and repeatable methodology based on the Forest Industry Carbon Assessment Tool™ (FICAT) modeling framework. After configuring FICAT for Campbell’s assets under management, and updating model parameters, the tool was used to estimate the annual amount of carbon sequestered on productive timberlands and associated Scope 1, 2, and 3 emissions from operations. Campbell utilized its property-level forest inventory and accounting data to improve confidence in the modeled outcomes.

Stephen Levesque, Chair of Campbell’s Responsible Investment Committee, noted “results from the carbon footprint analysis clearly show that actively managed forests are a valuable natural climate solution. Furthermore, this work also provides important insights regarding the broader forest products supply chain and its potential to support a low-carbon economy.”

About Campbell Global

Campbell Global, LLC is a worldwide investment manager focused on timberland. They are recognized as an authority on both forest management and timberland investing. Based in Portland, Oregon, Campbell Global has nearly four decades of experience in timberland management and value creation. A pioneer in the field, they have managed more than 5 million acres worldwide for pension funds, foundations and other institutional investors since inception. Campbell Global combines ingenuity, data-supported decision making and a passion for responsible investing to deliver the best possible performance to clients.

About Bluesource

Bluesource^® is a climate action partner for private and public companies, nonprofit organizations and governments. Bluesource has pioneered creative solutions to the climate crisis since 2001, with deep expertise across environmental technologies and markets. With more than 200 active projects in the United States and Canada, Bluesource is a leader in voluntary, compliance and pre-compliance carbon, renewable energy attribute, renewable natural gas and energy efficiency markets. For six consecutive years, Bluesource has been voted Best Project Developer (North America) and Best Offset Originator (California) by peers and partners in Environmental Finance’s Annual Market Rankings.

Angela Davis
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503-275-9675

DALLAS--(BUSINESS WIRE)--Matador Resources Company (NYSE: MTDR) (“Matador”) today announced that its Board of Directors declared a quarterly cash dividend of $0.025 per share of common stock payable on June 3, 2021 to shareholders of record as of May 13, 2021.

About Matador Resources Company

Matador is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. Its current operations are focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. Matador also operates in the Eagle Ford shale play in South Texas and the Haynesville shale and Cotton Valley plays in Northwest Louisiana. Additionally, Matador conducts midstream operations, primarily through its midstream joint venture, San Mateo, in support of its exploration, development and production operations and provides natural gas processing, oil transportation services, natural gas, oil and produced water gathering services and produced water disposal services to third parties.

For more information, visit Matador Resources Company at www.matadorresources.com.

Mac Schmitz
Capital Markets Coordinator
(972) 371-5225
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SAN FRANCISCO--(BUSINESS WIRE)--#CDL--XPRIZE, AirMiners and Creative Destruction Lab (CDL) today announced a partnership to support early-stage carbon removal startups interested in the $100M XPRIZE Carbon Removal competition. Funded by Elon Musk and the Musk Foundation, the $100M XPRIZE Carbon Removal is the largest, most audacious incentive prize in human history. To win the five-year competition, teams must demonstrate solutions that permanently remove carbon dioxide and reduce the impact of climate change.

Developed in partnership with XPRIZE and Creative Destruction Lab, AirMiners Launchpad is a six-week program for early teams or individuals interested in the $100M XPRIZE Carbon Removal. Innovators and entrepreneurs hoping to compete for the prize should join the AirMiners Launchpad for startup support.

“If you’re looking to go after the $100 million XPRIZE Carbon Removal, the AirMiners Launchpad is the place to get your team started,” said AirMiners lead Tito Jankowski.

The AirMiners Launchpad accelerates founders towards gigaton scale carbon removal. The program helps founders establish their team, develop business strategy, roadmap their tech, and connect to the broader carbon removal network.

"We're excited to partner with AirMiners and CDL Climate to support early stage teams as they compete for the XPRIZE,” said Nikki Batchelor, Prize Director for the XPRIZE Carbon Removal. “Many carbon removal concepts are still nascent and will benefit greatly from the AirMiners Launchpad curriculum around technology development, customer discovery, and roadmapping. We encourage every applicant to the XPRIZE Carbon Removal to participate in AirMiners Launchpad.”

Advising AirMiners on program development is Paul Cubbon, Site Lead of CDL-Vancouver and Assistant Dean Innovation of UBC Sauder School of Business at The University of British Columbia. "AirMiners is the best place for early-stage carbon removal entrepreneurs to start their companies, and upon graduation, we look forward to seeing many of them at CDL Climate," said Cubbon. “We are excited to collaborate with AirMiners and XPRIZE Carbon Removal to help create massively scalable companies to remove carbon at scale to meaningfully address the climate crisis and benefit humankind.”

Sign-ups for the first AirMiners Launchpad are now open. New cohorts will begin quarterly, with the cut-off for the first cohort being Tuesday, May 25th. Interested entrepreneurs can register for AirMiners Launchpad here, XPRIZE Carbon Removal here, and interest in CDL Climate here. AirMiners Launchpad will also be hosting a launch event on April 28 at 12pm PT, register here.

About AirMiners

AirMiners is the place for entrepreneurs, engineers, scientists, and designers working to extract carbon from the air. It exists to support the global carbon-negative community with networking, events, education through the AirMiners Boot Up, and now support for new innovations through the AirMiners Launchpad. To learn more about AirMiners visit http://airminers.org, or follow on Twitter @airminers or LinkedIn.

About XPRIZE

XPRIZE, a 501(c)(3) nonprofit organization, is the global leader in designing and implementing innovative competition models to solve the world’s grandest challenges. Active competitions include the $100 Million XPRIZE Carbon Removal, $10 Million XPRIZE Rainforest, $10 Million ANA Avatar XPRIZE, $6 Million XPRIZE Rapid COVID Testing, the $5 Million IBM Watson AI XPRIZE, $5 Million XPRIZE Rapid Reskilling, and $500K Pandemic Response Challenge. For more information, visit xprize.org.

About Creative Destruction Lab

Creative Destruction Lab (CDL) is a nonprofit organization that delivers an objectives-based program for massively scalable, seed-stage, science- and technology-based companies. Its nine-month program allows founders to learn from experienced entrepreneurs, increasing their likelihood of success. Founded in 2012 by Professor Ajay Agrawal at the University of Toronto’s Rotman School of Management, the program has expanded to nine sites across four countries: Oxford, Paris, Atlanta, Madison, Vancouver, Calgary, Montreal and Halifax. Learn more at https://www.creativedestructionlab.com

Marie Domingo - This email address is being protected from spambots. You need JavaScript enabled to view it. - (650) 888-5642

DUBLIN--(BUSINESS WIRE)--The "Global Offshore Wind Power Market (2020-2025) by Component, Depth, End Use Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.

The Global Offshore Wind Power Market is estimated to be USD 38.76 Bn in 2020 and is expected to reach USD 69.38 Bn by 2025, growing at a CAGR of 12.35%.

Market Dynamics

This growth is attributed to the increasing demand for clean energy in order to cut down carbon emissions and protect the environment by generating electricity through renewable resources. Offshore wind energy form an integral part of these clean energy resources and also has a higher capacity factor compared to onshore wind.

Whereas the restraint like high capital cost and maintenance and logistics issues and opportunities like Coal and Nuclear Phase-Out and Focus on Water Conservation are also the main factors driving the growth.

Market Segmentation

• The Global Offshore Wind Power Market is segmented further based on Component, Depth, End Use and Geography.
• By Component, the market is classified into Turbine, Support Structure, Electrical Infrastructure and Others.
• By Depth, the market is classified as >0, 30 m, >30, 50 m and > 50 m.
• By End Use, the market is classified as Offshore wind providers, Government and research organization, Consulting companies in the power industry, Public and private players.
• By Geography, Americas is projected to lead the market.

Recent Developments

• In March 2020, Enercon installed a new prototype E-138 EP3 for their E2 wind turbines at the Janneby site which is situated in Schleswig-Holstein, Germany. The new prototype increased the nominal power of E2 turbines from 3.5 MW to 4.2 MW and will help the company yield an additional power of 1.5 Million kWh every year.
• In 2019, Siemens Gamesa Renewable Energy received an order to supply 8 MW offshore wind turbines to Orsted's 900 MW offshore wind farm in Taiwan.
• In April 2018, MHI Vestas Offshore Wind announced its collaboration with Ramboll, company that produced the industry's first encapsulated foundation load software tool. The collaboration helped the company to develop software tool allowing foundation designers to perform integrated load analyses independently in closed-system, version of the full turbine model used for detailed foundation load simulations.

Company Profiles

• Suzlon Group
• A2 SEA
• ABB Ltd.
• Adwen GmBH
• Alstom Energy Inc.
• Areva Wind
• China Ming Yang Wind Power Group Limited
• Clipper Wind Power
• Dong Energy A/S
• Doosan Heavy Industries and Construction Co., Ltd
• Eew Group
• Erndtebrucker Eisenwerk Gmbh & Co. Kg
• Gamesa Corporacion Technologica SA
• GE Wind Energy
• General Electric Company
• Goldwind Science and Technology Co. Ltd.
• J.J Cole Collections.
• MHI Vestas Offshore Wind A/S
• Ming Yang Smart Energy Group Limited
• Nexans S.A.
• Nordex SE
• Northland Power Inc.
• Senvion SA
• Siemens Gamesa Renewable Energy, S.A.
• Sinovel Wind Group Co. Ltd.
• Vestas Wind Systems A/S

Report Highlights

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market

Key Topics Covered:

1 Report Description

1.1 Study Objectives

1.2 Market Definition

1.3 Currency

1.4 Years Considered

1.5 Language

1.6 Key Shareholders

2 Research Methodology

2.1 Research Process

2.2 Data Collection and Validation

2.3 Market Size Estimation

2.4 Assumptions of the Study

2.5 Limitations of the Study

3 Executive Summary

4 Market Overview

4.1 Introduction

4.2 Market Dynamics

4.2.1 Drivers

4.2.1.1 Changing preference of consumers

4.2.1.2 Increase in demand for conventional sources of energy

4.2.1.3 Rise in demand for electricity consumption

4.2.2 Restraints

4.2.2.1 High Capital Cost and Maintenance and Logistics Issues

4.2.3 Opportunities

4.2.3.1 Coal and Nuclear Phase-Out

4.2.3.2 Focus on Water Conservation

4.2.4 Challenges

4.2.4.1 Growth of Distributed Energy Resources

4.3 Trends

5 Market Analysis

5.1 Porter's Five Forces Analysis

5.2 Impact of COVID-19

5.3 Ansoff Matrix Analysis

6 Global Offshore Wind Power Market, By Component

6.1 Introduction

6.2 Turbine

6.3 Support Structure

6.4 Electrical Infrastructure

6.5 Others

7 Global Offshore Wind Power Market, By Depth

7.1 Introduction

7.2 >0- 30 m

7.3 >30-50 m

7.4 > 50 m

8 Global Offshore Wind Power Market, By End User

8.1 Introduction

8.2 Offshore wind providers

8.3 Government and research organization

8.4 Consulting companies in the power industry

8.5 Public and private players

9 Global Offshore Wind Power Market, By Geography

9.1 Introduction

9.2 North America

9.2.1 US

9.2.2 Canada

9.2.3 Mexico

9.3 South America

9.3.1 Brazil

9.3.2 Argentina

9.4 Europe

9.4.1 UK

9.4.2 France

9.4.3 Germany

9.4.4 Italy

9.4.5 Spain

9.4.6 Rest of Europe

9.5 Asia-Pacific

9.5.1 China

9.5.2 Japan

9.5.3 India

9.5.4 Indonesia

9.5.5 Malaysia

9.5.6 South Korea

9.5.7 Australia

9.5.8 Russia

9.5.9 Rest of APAC

9.6 Rest of the World

9.6.1 Qatar

9.6.2 Saudi Arabia

9.6.3 South Africa

9.6.4 United Arab Emirates

9.6.5 Latin America

10 Competitive Landscape

10.1 Competitive Quadrant

10.2 Market Share Analysis

10.3 Competitive Scenario

10.3.1 Mergers & Acquisitions

10.3.2 Agreement, Collaborations, & Partnerships

10.3.3 New Product Launches & Enhancements

10.3.4 Investments & Funding

11 Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/lc5ub0

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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FORT WORTH, Texas--(BUSINESS WIRE)--Vortus Investment Advisors, LLC (“Vortus”), a Fort Worth, Texas-based private equity firm, today announced that Luke Brandenberg joined the company as Managing Director. Mr. Brandenberg will be a key member of the Investment Team responsible for various stages of the investment cycle including sourcing, structuring, transactional due diligence, monitoring and management.

“Luke is well known in the industry for his relationships, strong financial acumen and high level of performance, and we are thrilled to add him to our leadership team,” said Jeffrey Miller, Managing Partner of Vortus. “He exemplifies the values and integrity that are important at Vortus and his addition illustrates our continued focus on cultivating a preeminent professional team to further position us as a preferred partner for operators and management teams across the nation.”

Brian Crumley, Managing Partner of Vortus, added, “As we continue to grow, our asset-focused investment strategy remains consistent. We believe Luke’s deep industry expertise will complement the strengths of our investment team enhancing our ability to maximize the value of existing investments as well as effectively pursue additional partnership opportunities in the domestic onshore upstream industry. I am confident that Luke will contribute in meaningful ways as we continue to execute on the differentiated Vortus investment strategy.”

After starting his career in investment banking, Mr. Brandenberg transitioned to principal investing in 2010 where he has focused on providing growth capital to the independent sector of the U.S. oil and gas industry. Prior to joining Vortus, Mr. Brandenberg partnered with Grey Rock Energy Partners to launch a special situations initiative and to lead the deal origination, structuring and relationship management efforts for the new platform. He also spent ten years with EnCap Investments, where he was the primary relationship manager and a key board member on multiple portfolio companies representing a significant portion of EnCap’s equity commitments. Mr. Brandenberg began his career in the Energy Investment Banking Group at Raymond James & Associates where he focused on public capital raises, restructuring and M&A advisory work within the upstream, midstream and oilfield services sectors. He graduated with honors from The University of Texas where he received a Bachelor of Business Administration in business honors and finance.

About Vortus Investment Advisors, LLC

Vortus Investment Advisors, LLC is a Fort Worth-based private equity firm focused on the lower middle market upstream energy industry in North America. Vortus has an asset-based investment strategy, targeting privately negotiated transactions in the lower to middle market requiring approximately $25 million to $100 million of equity capital in partnership with successful owner/operators. For additional information, please visit www.vortus.com.

Meggan Morrison
Redbird Communications Group
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100% Renewable Energy Goal to be Achieved 15 Years Ahead of Schedule; Includes Three New Virtual Power Purchase Agreements

KENILWORTH, N.J.--(BUSINESS WIRE)--Merck (NYSE: MRK), known as MSD outside the United States and Canada, announced today ambitious goals to achieve carbon neutrality across its operations by 2025 (Scopes 1 & 2 emissions) and a 30% reduction in its value chain emissions by 2030 (Scope 3 emissions).¹

These goals are aligned with science and build on Merck’s long-standing focus on preventing the worst impacts of climate change and supporting the global effort to achieve the Paris Agreement goals by reducing demand for energy and minimizing greenhouse gas (GHG) emissions.

Merck will achieve carbon neutrality in its operations with ongoing innovation to increase efficiency and reduce carbon emissions, applying sustainable building standards and continuing to transition away from fossil fuel use. Remaining Scope 1 emissions will be offset each year with a portfolio of high-quality carbon credits, including carbon removals.

“Global efforts to combat climate change are essential to the health and sustainability of our planet,” said Robert Davis, president, Merck. “Our new climate action goals reflect our ongoing commitment to operating responsibly and will help us drive long-term sustainability for our business, society and for the patients and communities we serve.”

New Virtual Power Purchase Agreements Signed

Merck is also accelerating by 15 years its previous 2040 goal to source 100% renewable energy for its purchased electricity. Merck signed three new virtual power purchase agreements (VPPAs) for utility-scale energy projects based in Texas and Spain. These projects will address approximately 35% of Merck’s Scope 2 emissions by collectively adding 145 megawatts (MW) of solar and wind energy to the grid. Merck previously signed a U.S. wind VPPA in 2018, which has added 60 MW of new renewable energy capacity, while providing Merck with the associated renewable energy credits.

To achieve the 30% reduction in Scope 3 emissions by 2030, Merck will continue to engage with its suppliers to reduce their emissions, promote opportunities for suppliers to source renewable energy, and use existing procurement and supply chain processes to drive additional strategies to decrease emissions.

“At Merck, we are focused on adopting innovative ways to reduce emissions, in our own operations and across our entire value chain,” said Jennifer Zachary, executive vice president and general counsel, who is also responsible for the company’s global safety and environment function. “Our new VPPA agreements and ongoing engagement with suppliers reflect our responsible use of resources in every aspect of our work.”

Merck has a long-standing commitment to environmental sustainability. The new commitments expand on Merck’s most recent goals and priorities set in 2017 that focus on driving efficiency in its operations, designing new products to minimize environmental impact, and reducing the impacts in its value chain. To learn more about Merck’s Environmental, Social and Governance (ESG) efforts, visit Merck’s Corporate Responsibility Report.

About Merck

For 130 years, Merck, known as MSD outside of the United States and Canada, has been inventing for life, bringing forward medicines and vaccines for many of the world’s most challenging diseases in pursuit of our mission to save and improve lives. We demonstrate our commitment to patients and population health by increasing access to health care through far-reaching policies, programs and partnerships. Today, Merck continues to be at the forefront of research to prevent and treat diseases that threaten people and animals – including cancer, infectious diseases such as HIV and Ebola, and emerging animal diseases – as we aspire to be the premier research-intensive biopharmaceutical company in the world. For more information, visit www.merck.com and connect with us on Twitter, Facebook, Instagram, YouTube and LinkedIn.

Forward-Looking Statement of Merck & Co., Inc., Kenilworth, N.J., USA

This news release of Merck & Co., Inc., Kenilworth, N.J., USA (the “company”) includes “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based upon the current beliefs and expectations of the company’s management and are subject to significant risks and uncertainties. If underlying assumptions prove inaccurate or risks or uncertainties materialize, actual results may differ materially from those set forth in the forward-looking statements.

Risks and uncertainties include but are not limited to, general industry conditions and competition; general economic factors, including interest rate and currency exchange rate fluctuations; the impact of the global outbreak of novel coronavirus disease (COVID-19); the impact of pharmaceutical industry regulation and health care legislation in the United States and internationally; global trends toward health care cost containment; technological advances, new products and patents attained by competitors; challenges inherent in new product development, including obtaining regulatory approval; the company’s ability to accurately predict future market conditions; manufacturing difficulties or delays; financial instability of international economies and sovereign risk; dependence on the effectiveness of the company’s patents and other protections for innovative products; and the exposure to litigation, including patent litigation, and/or regulatory actions.

The company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. Additional factors that could cause results to differ materially from those described in the forward-looking statements can be found in the company’s 2020 Annual Report on Form 10-K and the company’s other filings with the Securities and Exchange Commission (SEC) available at the SEC’s Internet site (www.sec.gov).

_________________
¹ Scope 1 emissions are direct greenhouse (GHG) emissions that occur from sources that are controlled or owned by an organization (e.g., emissions associated with fuel combustion in boilers, furnaces, vehicles).
Scope 2 emissions are indirect GHG emissions associated with the purchase of electricity, steam, heat, or cooling.
Scope 3 emissions are the result of activities from assets not owned or controlled by the reporting organization, but that the organization indirectly impacts in its value chain.

Media Contact:
Patrick Ryan
(973) 275-7075

Investor Contact:
Peter Dannenbaum
(908) 740-1037

Courtney Ronaldo
(908) 740-6132

Crusoe has reduced flaring by over 1 billion cubic feet since inception and has the potential to reduce greenhouse emissions by the equivalent of hundreds of thousands of cars

DENVER--(BUSINESS WIRE)--Crusoe Energy Systems Inc. (the “Company”) has closed a $128 million Series B equity financing led by Valor Equity Partners with participation from Lowercarbon Capital, DRW Venture Capital, Founders Fund, Bain Capital Ventures, Coinbase Ventures, Polychain Capital, KCK Group, Upper90, Winklevoss Capital, Exor, Zigg Capital and JB Straubel, the co-founder and former CTO of Tesla and founder and CEO of Redwood Materials. Crusoe also secured a non-dilutive $40m project financing facility from Upper90 in addition to the new equity capital. The combined funding will expand Crusoe’s operations as the Company pursues its mission to eliminate the routine flaring of natural gas and associated methane emissions while delivering low cost computing infrastructure. Crusoe deploys mobile, modular data centers that generate electrical power from otherwise wasted and flared natural gas (Digital Flare Mitigation® or DFM).

Highlights:

• Crusoe raised $128 million from leading technology and climate-focused investors
• Fundraising follows Crusoe’s successful deployment and operation of 40 flare-powered data centers with oil producers in four states
• Existing energy clients include leading operators with ambitious environmental targets such as Devon Energy, Kraken Oil & Gas, Enerplus and others; Crusoe has also previously operated DFM technology for Equinor, Norway’s state energy company and a leader in environmental excellence
• Early cloud computing users include Massachusetts Institute of Technology’s Computer Science and Artificial Intelligence Lab (MIT-CSAIL), Folding@Home (a COVID-19 therapy research consortium) and OpenCV (a leader in computer vision technology)
• Crusoe aims to expand to more than 100 units over the coming year
• Each Crusoe Digital Flare Mitigation® system reduces CO₂-equivalent emissions by up to 8,000 tons per year, equivalent to taking about 1,700 cars off the road
• Natural gas flaring and methane emissions are increasingly targeted by investors, activists and regulators as a low-hanging opportunity to achieve climate goals

Crusoe currently operates 40 modular data centers powered by otherwise wasted and flared natural gas. Crusoe’s patented Digital Flare Mitigation® technology has been deployed in North Dakota, Montana, Wyoming and Colorado. The Company plans to grow to more than 100 units over the next year as it expands within new and existing flaring-intensive markets as well as locations with oversupplied wind or solar power. Since launching in 2018, Crusoe has emerged as a scalable solution to reduce flaring through energy intensive computing such as bitcoin mining, graphical rendering, artificial intelligence model training and even protein folding simulations for COVID-19 therapeutic research.

“We welcome Valor as our new lead investor along with climate-focused investors like Lowercarbon Capital that align with Crusoe’s mission to eliminate routine flaring in the oilfield,” said Chase Lochmiller, the CEO and co-founder of Crusoe. “Valor brings tremendous expertise in scaling technically and operationally complex businesses as illustrated by their success partnering with the management teams at Tesla, SpaceX and others.”

“Crusoe provides the type of cross-cutting solution that solves multiple technological, energy, and climate challenges simultaneously,” said Antonio Gracias, Valor founder, CEO and CIO. “The financing announced today will help to scale Crusoe by orders of magnitude, meaning we can unlock vast and economic computing resources for technology users while eliminating significant climate-harming emissions.” Valor has been focused on sustainability and climate change for well over a decade with investments like Tesla, SolarCity, Misfits Market, AMP Robotics and more. In addition, Valor has been an early investor in crypto infrastructure technology through businesses like BitGo and others. “Our investment in Crusoe builds on our track record of supporting world-class entrepreneurs in building great companies using cutting-edge technology to improve the world.”

Crusoe’s solution arrives amid escalating efforts by industry, regulators and financiers to rapidly reduce flaring and methane emissions:

• New Mexico recently passed new laws limiting flaring and venting to no more than 2% of an operator’s production by April of 2022.
• North Dakota’s legislature has voted in favor of new incentives aimed at supporting on-site flare capture systems including Digital Flare Mitigation®, a measure that has attracted bipartisan support in the state.
• Wyoming’s governor recently signed House Bill 189 into law, which creates incentives for the reduction of gas flaring through cryptocurrency mining
• BlackRock’s management called for a complete end to routine flaring by 2025 in a recent letter to investors.
• The World Bank has launched a “Zero Routine Flaring by 2030” initiative with endorsement from 34 governments and 44 oil companies.
• The Environmental Defense Fund recently published a broad survey of flaring, which indicates that 3.5 times more methane escapes from flares than previously estimated by the EPA.
• Numerous leading oil companies have published environmental goals aimed at steep reductions in both flaring and methane emissions.

By displacing loads from the grid and preventing the methane leakage associated with natural gas flaring, each Crusoe modular datacenter reduces CO₂-equivalent emissions by up to 8,000 tons per year, equivalent to taking about 1,700 cars off the road. Methane is approximately 84 times more potent than CO₂ as a greenhouse gas, so by preventing methane leakage from flaring, Crusoe’s technology reduces CO₂-equivalent emissions by up to 63% relative to continued flaring.

“Crusoe is a mission-driven company,” said Cully Cavness, Crusoe’s co-founder, president and chief operating officer. “Our team is unified around the goal of solving the environmental challenges of stranded energy, especially flare gas. This means working with industries that have a large environmental impact to help clean them up. At Crusoe we understand that environmental solutions scale best when they are economic. Digital Flare Mitigation® offers exactly that - a scalable economic solution to a major environmental problem.”

About Crusoe Energy Systems Inc.

Crusoe Energy Systems provides innovative solutions for the energy industry. By converting natural gas to energy-intensive computing, Crusoe’s Digital Flare Mitigation® service delivers an environmentally sound way to create a beneficial use for otherwise wasted natural gas. Crusoe has deployed flare mitigation projects in Wyoming’s Powder River Basin oilfield, Colorado’s Denver-Julesburg oilfield and North Dakota and Montana’s Bakken oilfield. Systems are scalable up to millions of cubic feet per day and can be deployed rapidly to even the most remote locations.

Please reach out to This email address is being protected from spambots. You need JavaScript enabled to view it. or visit www.crusoeenergy.com to learn more, and follow Crusoe on Linkedin and Twitter.

Crusoe Energy Systems:
Cully Cavness, This email address is being protected from spambots. You need JavaScript enabled to view it.

• Achieve operational net-zero carbon emissions by the end of 2021 and science-based net-zero by 2030
• Introduce ScopeX^TM to reduce carbon through design on all major projects

LOS ANGELES--(BUSINESS WIRE)--AECOM (NYSE: ACM), the world’s premier infrastructure consulting firm, today announced the launch of Sustainable Legacies, its strategy for reaching ambitious environmental, social and governance (ESG) objectives. This strategy integrates four key pillars that will embed sustainable development and resilience across the company’s work, improve social outcomes for communities, achieve net-zero carbon emissions and enhance governance.

“As leaders of our industry, we have a responsibility to embed ESG principles into everything we do and partner with our clients and communities to advise on their efforts to advance complex, multi-decade sustainability initiatives,” said Troy Rudd, AECOM’s chief executive officer. “With nearly 50,000 talented engineers, scientists, architects, consultants, program and construction managers, along with our Board of Directors and Executive Leadership Team, we are energized by the impact of our work and how we can contribute positively to society and the planet. We believe infrastructure creates opportunities for everyone, and directly integrating ESG principles with our technical excellence and capabilities puts us in the best position to deliver sustainable legacies for a better world.”

“Our clients have new, evolving priorities focused on sustainability and delivering social impact through their projects and services, and AECOM stands out as the company that can best advise and execute for them,” said Lara Poloni, AECOM’s president. “By developing our strategy with a focus on advancing our ESG objectives and supported by the strength of our technical excellence, global collaboration and local engagement, we will continue to drive innovation in our industry while leaving long-lasting impacts on the communities we serve and the planet as a whole.”

Key Pillars of AECOM’s Sustainable Legacies Strategy

• Achieve net-zero carbon emissions: While developing and implementing best practices and achievable goals for its clients, AECOM has furthered its own carbon emissions goals by ensuring that the company will be operationally net-zero by the end of 2021. It has also committed to reach science-based net-zero carbon emissions by 2030 through the following actions:
  • Setting new 1.5°C-aligned emissions reduction targets.
  • Decarbonizing fleet vehicles and switching to renewable energy tariffs.
  • Partnering with its suppliers to decarbonize and including carbon considerations into its procurement processes.
  • Implementing a 50% reduction in business travel.
  • Creating projects centered around using nature-based solutions to offset residual carbon.
• Embed sustainable development and resilience across our work: AECOM has introduced ScopeX^TM, a first-of-its-kind initiative to reduce carbon through design that considers embodied and operational carbon across the entire project life cycle. The company will further incorporate ESG action plans on all major projects to reduce carbon impact by at least 50 percent. It will also embed net-zero, resilience and social value targets into its client account management program.
• Improve social outcomes: AECOM believes equity, diversity and inclusion enable better outcomes for clients, a deeper understanding of community challenges and more innovative solutions that propel the industry forward. As part of this pledge, AECOM has set an industry-leading, near-term target of women comprising at least 20% of senior leadership roles and at least 35% of the overall workforce. Its efforts extend to include developing project teams that reflect the clients and communities it serves and partnering with small and medium enterprises to generate social value through positive community investments. Additionally, the company is focused on delivering inclusive, accessible projects that proactively improve social value outcomes for individuals, communities and society.
• Enhance governance: To better assess ESG risk factors in potential projects, AECOM is developing and deploying an enterprise framework supported by leadership accountability and advocacy through the audit of specific ESG targets and metrics on an annual basis. In addition to regular reporting to the Board of Directors on ESG matters, as part of the recently expanded charter of the Board’s Safety, Risk and Sustainability committee that includes direct oversight of ESG activities, the company will track and report on its ESG performance targets externally in line with leading industry benchmarks.

Reflecting AECOM’s commitment to advancing its ESG initiatives, in the fiscal second quarter the company executed an amendment to its existing senior secured credit facilities that includes incentives linked to achieving certain sustainability, and diversity and inclusion goals.

For more information on how AECOM is delivering Sustainable Legacies, please visit www.aecom.com/sustainable-legacies.

About AECOM

AECOM (NYSE: ACM) is the world’s premier infrastructure consulting firm, delivering professional services throughout the project lifecycle – from planning, design and engineering to program and construction management. On projects spanning transportation, buildings, water, energy and the environment, our public- and private-sector clients trust us to solve their most complex challenges. Our teams are driven by a common purpose to deliver a better world through our unrivaled technical expertise and innovation, a culture of equity, diversity and inclusion, and a commitment to environmental, social and governance priorities. AECOM is a Fortune 500 firm and its Professional Services business had revenue of $13.2 billion in fiscal year 2020. See how we deliver what others can only imagine at aecom.com and @AECOM.

Forward-Looking Statements

All statements in this communication other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including any statements of the plans, strategies and objectives for future operations, profitability, strategic value creation, coronavirus impacts, risk profile and investment strategies, and any statements regarding future economic conditions or performance, and the expected financial and operational results of AECOM. Although we believe that the expectations reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include, but are not limited to, the following: our business is cyclical and vulnerable to economic downturns and client spending reductions; impacts caused by the coronavirus and the related economic instability and market volatility, including the reaction of governments to the coronavirus, including any prolonged period of travel, commercial or other similar restrictions, the delay in commencement, or temporary or permanent halting of construction, infrastructure or other projects, requirements that we remove our employees or personnel from the field for their protection, and delays or reductions in planned initiatives by our governmental or commercial clients or potential clients; losses under fixed-price contracts; limited control over operations run through our joint venture entities; liability for misconduct by our employees or consultants; failure to comply with laws or regulations applicable to our business; maintaining adequate surety and financial capacity; high leverage and potential inability to service our debt and guarantees; exposure to Brexit; exposure to political and economic risks in different countries; currency exchange rate fluctuations; retaining and recruiting key technical and management personnel; legal claims; inadequate insurance coverage; environmental law compliance and adequate nuclear indemnification; unexpected adjustments and cancellations related to our backlog; partners and third parties who may fail to satisfy their legal obligations; AECOM Capital real estate development projects; managing pension cost; cybersecurity issues, IT outages and data privacy; risks associated with the benefits and costs of the Power transaction and other recent acquisitions and divestitures, including the risk that the expected benefits of such transactions or any contingent purchase price will not be realized within the expected time frame, in full or at all; the risk that costs of restructuring transactions and other costs incurred in connection with recent acquisitions and divestitures will exceed our estimates or otherwise adversely affect our business or operations; as well as other additional risks and factors that could cause actual results to differ materially from our forward-looking statements set forth in our reports filed with the Securities and Exchange Commission. Any forward-looking statements are made as of the date hereof. We do not intend, and undertake no obligation, to update any forward-looking statement.

Media Contact:
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Red Hat open hybrid cloud technologies and services help the energy infrastructure operator shorten application deployment while developing more sustainable business models

RALEIGH, N.C. – RED HAT SUMMIT--(BUSINESS WIRE)--Red Hat, Inc., the world’s leading provider of open source solutions, today announced that Snam, one of the world’s largest gas networks, has deployed Red Hat OpenShift and other cloud-native technologies to help drive the organization’s digital transformation. Using a broad set of Red Hat’s powerful open hybrid cloud solutions, Snam can better manage and scale applications across distributed infrastructure, including at the edge, to prepare for a hybrid cloud and multicloud future.

Headquartered in San Donato Milanese, Italy, Snam oversees one of the world’s largest natural gas transportation networks, 2 LNG terminals and the largest European natural gas storage capacity; it has participations in GCA, TAG (Austria), Terega (France), Interconnector UK (UK), DESFA (Greece), TAP, and ADNOC Gas Pipeline (UAE). Snam’s mission is to help guide the evolution of energy transition by providing an innovative sustainable energy network that enables more stable supplies to Europe, while developing new businesses and technologies fostering a low-carbon future, such as H2 and biomethane.

In an effort to better serve the digital needs of its internal operations, while being able to provide the digital agility and flexibility its new business units require to succeed, Snam undertook a company-wide digital transformation program. Backed by the open hybrid cloud expertise and technologies from Red Hat, Snam has started to renew its existing application map and make interactions leaner and more effective among its business services, while developing an entirely new technology stack for its IoT and data needs, designed to be ready to connect up to 30,000 devices and able to handle 100x more data, enabling the intelligent network.

Snam deployed several Red Hat technologies and services to support this evolution, including:

• Red Hat OpenShift, the industry’s leading enterprise Kubernetes platform, as the flexible foundation to run and scale applications across its current on-premises datacenters extending out to the edge. This also included Red Hat OpenShift Data Foundation, which provides software-defined storage for containerized applications.
• Red Hat Advanced Cluster Management for Kubernetes to deploy and manage clusters and applications at a number of edge locations distributed throughout Italy.
• Red Hat Quay as the global registry platform for efficiently managing containerized content across data centers and to the edge, focusing on cloud-native and DevSecOps development models and environments.
• Red Hat Integration solutions to connect disparate and distributed applications and data.
• Red Hat Consulting to support the IT team with the design, build and deployment, as well as the implementation of agile frameworks and methodologies, including DevOps, CI/CD and software-defined datacenter and networking.

Through the adoption of Red Hat technologies, Snam can now deploy applications in an automated manner in as little as 30 minutes, improving by more than 10x the time to delivery of its new software products. Red Hat OpenShift has been deployed on-premises and on the edge of the network, with Snam also taking advantage of the public cloud, using Microsoft Azure Red Hat OpenShift, a jointly engineered managed Red Hat OpenShift service supported by Microsoft and Red Hat. This enables Snam to scale workloads and applications across any public or private cloud in order to meet future business requirements, reducing potential risks around cloud lock-in, and helping streamline the platformization of its application map, while being flexible to consume and provide new digital data and services, leveraging its business expertise and the opportunities offered by the current pace of digital technologies evolution.

Supporting Quotes

Stefanie Chiras, senior vice president and general manager, Red Hat Enterprise Linux Business Unit, Red Hat

“Organizations like Snam, which deal with a dynamic landscape of regulations and market demands, need to be able to rely on flexible infrastructure that can scale to meet the changing requirements of today and tomorrow, including out to the edge as a natural extension of the open hybrid cloud. Red Hat is pleased to support Snam as it reshapes its IT environment for the digital-first economy, enabling services to run anywhere and everywhere the business needs, and freeing its teams to focus on innovation.”

Roberto Calandrini, head of architecture, Digital and AI Services, Snam

“Snam’s goal is to make energy available everywhere, in a safe, sustainable and secure way. To support our goal, and to extend it to the energy of our people, we set out a structured, multi-year project of digital transformation; it would help us leverage our business knowledge to produce high quality industry-specific software, while exploiting the digital opportunities the market has to offer through the platform and services digital economy. Red Hat OpenShift is a cornerstone of our transformation project; it has enabled us to create an efficient, high performing, reliable IT platform, simplifying the management of complex systems and applications to better support our existing business needs, while giving us the agility and flexibility to properly support our future evolution.”

Additional Resources

• Read more Red Hat customer success stories
• Learn more about Red Hat’s approach to hybrid cloud
• Learn more about Red Hat’s cloud-native development solutions
• Learn about Red Hat’s approach to edge computing
• Learn more about Red Hat OpenShift
• Learn more about Kubernetes
• Learn more about Red Hat OpenShift Data Foundation
• Learn more about Red Hat Integration
• Learn more about Red Hat Consulting
• Learn more about CI/CD
• Learn more about Microsoft Azure Red Hat OpenShift
• Learn more about managed Red Hat OpenShift
• Learn more about Red Hat Advanced Cluster Management for Kubernetes
• Learn more about Red Hat Quay

Connect with Red Hat

• Learn more about Red Hat
• Get more news in the Red Hat newsroom
• Read the Red Hat blog
• Follow Red Hat on Twitter
• Join Red Hat on Facebook
• Watch Red Hat videos on YouTube
• Follow Red Hat on LinkedIn

About Red Hat, Inc.

Red Hat is the world’s leading provider of enterprise open source software solutions, using a community-powered approach to deliver reliable and high-performing Linux, hybrid cloud, container, and Kubernetes technologies. Red Hat helps customers integrate new and existing IT applications, develop cloud-native applications, standardize on our industry-leading operating system, and automate, secure, and manage complex environments. Award-winning support, training, and consulting services make Red Hat a trusted adviser to the Fortune 500. As a strategic partner to cloud providers, system integrators, application vendors, customers, and open source communities, Red Hat can help organizations prepare for the digital future.

Forward-Looking Statements

Certain statements contained in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements. The forward-looking statements included in this press release represent the Company’s views as of the date of this press release and these views could change. However, while the Company or its parent International Business Machines Corporation (NYSE:IBM) may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company’s views as of any date subsequent to the date of this press release.

Red Hat, Red Hat Enterprise Linux, the Red Hat logo, and OpenShift are trademarks or registered trademarks of Red Hat, Inc. or its subsidiaries in the U.S. and other countries. Linux® is the registered trademark of Linus Torvalds in the U.S. and other countries.

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DUBLIN--(BUSINESS WIRE)--The "Automotive Fuel Cell Market: Trends, Forecast and Competitive Analysis" report has been added to ResearchAndMarkets.com's offering.

The automotive fuel cell market is expected to grow with a CAGR of 7% from 2019 to 2024.

The future of the automotive fuel cell market looks promising with opportunities in the passenger car, commercial vehicle, and heavy commercial vehicle markets. The major drivers for this market are stringent emission regulations, growing demand for zero-emission vehicles, development of fuel cell technology and infrastructure, and government Initiatives to subsidizing hydrogen infrastructure.

High vehicle costs, insufficient hydrogen infrastructure and rising demand for BEVs and HEVs will remain the challenge for this industry.

The study includes the automotive fuel cell market size and forecast for the automotive fuel cell market through 2024, segmented by component type, by electrolyte type, by power output, by end use, and by region.

Some of the automotive fuel cell companies profiled in this report include Ballard Power Systems, ITM Power, Hydrogenics, Plug Power, and AFCC, and others.

Some of the features of 'Automotive Fuel Cell Market 2019-2024: Trends, Forecast, and Opportunity Analysis' include:

• Market size estimates: Automotive fuel cell market size estimation in terms of value ($M) shipment.
• Trend and forecast analysis: Market trend (2013-2018) and forecast (2019-2024) by application, and end use industry.
• Segmentation analysis: Market size by various applications such as by component type, by electrolyte type, by power output, by end use, and by region.
• Regional analysis: Automotive fuel cell market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
• Growth opportunities: Analysis on growth opportunities in different applications and regions for automotive fuel cell in the automotive fuel cell market.
• Strategic analysis: This includes M&A, new product development, and competitive landscape for, automotive fuel cell in the automotive fuel cell market.
• Analysis of competitive intensity of the industry based on Porter's Five Forces model.

This report answers the following 11 key questions:

• What are some of the most promising potential, high-growth opportunities for the automotive fuel cell market?
• Which segments will grow at a faster pace and why?
• Which regions will grow at a faster pace and why?
• What are the key factors affecting market dynamics? What are the drivers and challenges of the automotive fuel cell market?
• What are the business risks and threats to the automotive fuel cell market?
• What are emerging trends in this automotive fuel cell market and the reasons behind them?
• What are some changing demands of customers in the automotive fuel cell market?
• What are the new developments in the automotive fuel cell market? Which companies are leading these developments?
• Who are the major players in this automotive fuel cell market? What strategic initiatives are being implemented by key players for business growth?
• What are some of the competitive products and processes in this automotive fuel cell area and how big of a threat do they pose for loss of market share via material or product substitution?
• What M&A activities have taken place in the last 5 years in this, automotive fuel cell market?

Key Topics Covered:

1. Executive Summary

2. Market Trends and Forecast Analysis from 2013 to 2024

2.1: Introduction, Background, and Classification

2.2: Supply Chain

2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2013 to 2024

3.1: Macroeconomic Trends and Forecast

3.2: Global Automotive Fuel Cell Market: Trends and Forecast

3.3: Global Automotive Fuel Cell Market by Component Type

3.3.1: Fuel Processor

3.3.2: Fuel Stack

3.3.3: Power Condition

3.4: Global Automotive Fuel Cell Market by Electrolyte Type

3.4.1: PEMFC

3.4.2: PAFC

3.5: Global Automotive Fuel Cell Market by Power Output

3.5.1: < 100 KW

3.5.2: 100-200 KW

3.5.3: >200 KW

3.6: Global Automotive Fuel Cell Market by End Use

3.6.1: Small cars

3.6.2: Compact cars

3.6.3: Mid-Sized cars

3.6.4: Luxury cars

3.6.5: SUVs & Crossovers

3.6.6: Light commercial vehicles

3.6.7: Electrical vehicles

4. Market Trends and Forecast Analysis by Region.

4.1: Global Automotive Fuel Cell Market by Region

4.2: North American Automotive Fuel Cell Market

4.3: European Automotive Fuel Cell Market

4.4: APAC Automotive Fuel Cell Market

4.5: ROW Automotive Fuel Cell Market

5. Competitor Analysis

5.1: Product Portfolio Analysis

5.2: Market Share Analysis

5.3: Operational Integration

5.4: Geographical Reach

5.5: Porter's Five Forces Analysis

6. Growth Opportunities and Strategic Analysis

6.1: Growth Opportunity Analysis

6.1.1: Growth Opportunities for Global Automotive Fuel Cell Market by Component Type

6.1.2: Growth Opportunities for Global Automotive Fuel Cell Market by Electrolyte Type

6.1.3: Growth Opportunities for Global Automotive Fuel Cell Market by Power Output

6.1.4: Growth Opportunities for Global Automotive Fuel Cell Market by End Use

6.1.5: Growth Opportunities for Global Automotive Fuel Cell Market by Region

6.2: Emerging Trends in Global Automotive Fuel Cell Market

6.3: Strategic Analysis

6.3.1: New Product Development

6.3.2: Capacity Expansion of Global Automotive Fuel Cell Market

6.3.3: Mergers, Acquisitions and Joint Ventures in the Global Automotive Fuel Cell Market

6.3.4: Certification and Licensing

7. Company Profiles of Leading Players

• Ballard Power Systems
• ITM Power
• Hydrogenics
• Plug Power
• AFCC

For more information about this report visit https://www.researchandmarkets.com/r/dxmc4i

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Details ExxonMobil Board’s Failure to Position the Company for Long-Term Value Creation in a Changing Industry and World

Engine No. 1’s Nominees Have a Diverse Set of Experiences in Successful, Global Energy Operations and Decades of Leading Value-Creating Transformations in the Energy Industry

Urges ExxonMobil Shareholders to Vote the WHITE Proxy Card TODAY “FOR ALL” of Engine No. 1’s Highly Qualified, Independent Nominees

SAN FRANCISCO--(BUSINESS WIRE)--Engine No. 1, which has nominated four highly qualified, independent director candidates to the Exxon Mobil Corporation (NYSE: XOM) (“ExxonMobil” or the “Company”) Board of Directors (the “Board”), today released an in-depth presentation to ExxonMobil shareholders detailing the need for change at ExxonMobil to protect and enhance long-term shareholder value in a changing industry and world. Engine No. 1 encourages ExxonMobil shareholders to review the facts set forth in its presentation so they can make an informed decision at the Company’s 2021 Annual Meeting regarding the future of the Company and their investment.

Engine No. 1’s investor presentation can be found here.

Key issues under the current Board examined in the presentation include:

• Issue #1: Failure to Position ExxonMobil for Long-Term Value Creation
• Issue #2: Rhetoric Does Not Address Long-Term Business Risk from Emissions
• Issue #3: Lack of Capital Allocation Discipline
• Issue #4: Little Reason to Trust Newfound Spending Discipline
• Issue #5: Lack of Successful and Transformative Energy Experience on the Board
• Issue #6: Misaligned Incentives

Engine No. 1’s director candidates add a highly relevant, unique and complementary set of skills to the Board, and, as directors, would help to address the fundamental issues at the Company by bringing to bear their collective experiences in value-creating transformational change in the energy sector.

Vote the WHITE proxy card TODAY to Reenergize ExxonMobil.

Additional information regarding Engine No. 1’s campaign to reenergize ExxonMobil may be found at www.ReenergizeXOM.com.

About Engine No. 1

Engine No. 1 is an investment firm purpose-built to create long-term value by driving positive impact through active ownership. The firm also will invest in public and private companies through multiple strategies. For more information, please visit: www.Engine1.com.

Important Information

Engine No. 1 LLC, Engine No. 1 LP, Engine No. 1 NY LLC, Christopher James, Charles Penner (collectively, “Engine No. 1”), Gregory J. Goff, Kaisa Hietala, Alexander Karsner, and Anders Runevad (collectively and together with Engine No. 1, the “Participants”) have filed with the Securities and Exchange Commission (the “SEC”) a definitive proxy statement and accompanying form of WHITE proxy to be used in connection with the solicitation of proxies from the shareholders of Exxon Mobil Corporation (the “Company”). All shareholders of the Company are advised to read the definitive proxy statement and other documents related to the solicitation of proxies by the Participants, as they contain important information, including additional information related to the Participants. The definitive proxy statement and an accompanying WHITE proxy card will be furnished to some or all of the Company’s shareholders and is, along with other relevant documents, available at no charge on Engine No. 1’s campaign website at https://reenergizexom.com/materials/ and the SEC website at http://www.sec.gov/.

Information about the Participants and a description of their direct or indirect interests by security holdings is contained in the definitive proxy statement filed by the Participants with the SEC on March 15, 2021. This document is available free of charge from the sources described above.

Disclaimer

This material does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein in any state to any person. In addition, the discussions and opinions in this press release and the material contained herein are for general information only, and are not intended to provide investment advice. All statements contained in this press release that are not clearly historical in nature or that necessarily depend on future events are “forward-looking statements,” which are not guarantees of future performance or results, and the words “anticipate,” “believe,” “expect,” “potential,” “could,” “opportunity,” “estimate,” and similar expressions are generally intended to identify forward-looking statements. The projected results and statements contained in this press release and the material contained herein that are not historical facts are based on current expectations, speak only as of the date of this press release and involve risks that may cause the actual results to be materially different. Certain information included in this material is based on data obtained from sources considered to be reliable. No representation is made with respect to the accuracy or completeness of such data, and any analyses provided to assist the recipient of this material in evaluating the matters described herein may be based on subjective assessments and assumptions and may use one among alternative methodologies that produce different results. Accordingly, any analyses should also not be viewed as factual and also should not be relied upon as an accurate prediction of future results. All figures are unaudited estimates and subject to revision without notice. Engine No. 1 disclaims any obligation to update the information herein and reserves the right to change any of its opinions expressed herein at any time as it deems appropriate. Past performance is not indicative of future results. Engine No. 1 has neither sought nor obtained the consent from any third party to use any statements or information contained herein that have been obtained or derived from statements made or published by such third parties. Except as otherwise expressly stated herein, any such statements or information should not be viewed as indicating the support of such third parties for the views expressed herein.

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TULSA, Okla.--(BUSINESS WIRE)--#earnings--Alliance Resource Partners, L.P. (NASDAQ: ARLP) today reported financial and operating performance for the quarter ended March 31, 2021 (the "2021 Quarter"). Net income for the 2021 Quarter increased $169.5 million to $24.7 million, or $0.19 per basic and diluted limited partner unit, compared to a net loss of $144.8 million, or $(1.14) per basic and diluted limited partner unit, for the quarter ended March 31, 2020 (the "2020 Quarter"). Excluding the impact of $157.0 million of non-cash charges in the 2020 Quarter, Adjusted net income for the 2021 Quarter increased 102.5% to $24.7 million compared to $12.2 million for the 2020 Quarter. Weather-related transportation disruptions and an unplanned customer plant outage impacted anticipated coal shipments during the 2021 Quarter, contributing to a 9.2% reduction in total revenues compared to the 2020 Quarter. Lower coal volumes and ongoing efficiency initiatives at our mining operations contributed to lower operating expenses of $196.5 million for the 2021 Quarter, compared to $234.3 million for the 2020 Quarter, largely offsetting lower total revenues. As a result, Segment Adjusted EBITDA decreased slightly to $109.8 million in the 2021 Quarter compared to $111.7 million in the 2020 Quarter. (Unless otherwise noted, all references in the text of this release to "net income (loss)" refer to "net income (loss) attributable to ARLP." For definitions of Adjusted net income and Segment Adjusted EBITDA and related reconciliations to comparable GAAP financial measures, please see the end of this release.)

Total revenues in the 2021 Quarter were $47.9 million lower compared to the quarter ended December 31, 2020 (the "Sequential Quarter"), primarily due to lower coal sales volumes. Even though lower revenues were partially offset by decreased operating expenses and reduced depreciation, depletion and amortization, net income and EBITDA for the 2021 Quarter declined $10.3 million and $27.0 million, respectively, compared to the Sequential Quarter. (For a definition of EBITDA and related reconciliation to the comparable GAAP financial measure, please see the end of this release.)

ARLP also announced today that the Board of Directors of its general partner (the "Board") declared a cash distribution to unitholders of $0.10 per unit (an annualized rate of $0.40 per unit) for the 2021 Quarter, payable on May 14, 2021 to all unitholders of record as of the close of trading on May 7, 2021.

"ARLP’s financial performance during the 2021 Quarter was generally in line with our expectations, despite 950,000 tons of delayed shipments impacting EBITDA and cash flow by approximately $13.0 million," said Joseph W. Craft III, Chairman, President and Chief Executive Officer. "Our coal operations’ efficiency initiatives continued to provide cost reduction benefits. Improved coal market fundamentals and favorable weather-patterns during the 2021 Quarter supported buying activity by domestic and international customers, allowing our marketing team to secure new commitments for the delivery of approximately 5.4 million tons through 2023. Our Oil & Gas Royalties segment benefited from significantly higher commodity prices and greater than anticipated sales volumes. With positive free cash flow generated during the 2021 Quarter, ARLP reduced its total debt and finance lease obligations by $52.9 million." (For a definition of free cash flow and related reconciliation to the comparable GAAP financial measure, please see the end of this release.)

Mr. Craft continued, "Over the last year, we have been clearly focused on protecting our balance sheet and managing through the uncertainties and disruptions created by the pandemic to ensure that ARLP emerged with strength. We have also been very clear that returning cash to our unitholders was among our highest priorities once the situation began to stabilize. On the strength of our recent performance and with our outlook continuing to improve, management believes we have reached that point and I am very pleased that the Board supported our view by electing to once again declare a cash distribution to unitholders. In setting an annualized distribution level at approximately 30% of this year’s anticipated free cash flow before investments in growth opportunities, the Partnership has flexibility to pursue projects capable of providing long-term value to our unitholders while maintaining a conservative balance sheet."

Mr. Craft added, "During our earnings call last quarter, we mentioned an effort to explore different value creating opportunities. Our first step in doing so is to add a new Coal Royalties segment to be combined with our Oil & Gas Royalties segment forming a larger, enhanced total royalties group. The coal royalties are generated from coal reserves acquired in the past that have been held in a separate ARLP land company and leased to certain of our mining subsidiaries. With visibility to the mine plans for these subsidiaries, we expect rather predictable and stable cash flows from the Coal Royalties segment for more than a decade.

"Since acquiring and managing a variety of royalty producing assets have similar management attributes, we expect to realize cost efficiencies by combining our royalties activities. We also believe, by aggregating the cash flow from these two sources, it will improve our ability to secure lower cost financing, if necessary, to grow this segment.

"Our goal is to not only emphasize our coal royalties, which have remained in the shadows for years, but to put on full display the magnitude of EBITDA from all of our royalty assets by aggregating our financial reporting in an effort to inform our unitholders and analysts of the cash flow potential of these assets to generate long term royalty income free of capex requirements with minimal working capital and limited operating costs. By adding coal royalties to oil & gas royalties, our total Royalties currently represent approximately 18% of ARLP’s consolidated Segment Adjusted EBITDA and, as we continue to expand this area, we are hopeful that the market will begin to fully recognize the true value of this part of our business.

"We remain committed to our goal of creating long-term value for our unitholders and we continue to actively evaluate various other strategies and opportunities that will generate the attractive returns and sustainable cash flow growth needed to achieve that goal.

Operating Results and Analysis

ARLP's coal sales volumes were lower in the Illinois Basin and Appalachian regions compared to both the 2020 and Sequential Quarters. In the 2021 Quarter, Illinois Basin coal sales volumes decreased 5.9% and 13.3% compared to the 2020 and Sequential Quarters, respectively, primarily as a result of reduced domestic sales partially offset by increased export volumes. Compared to the Sequential Quarter, reduced sales volumes from the Warrior and River View mines also reflected weather-related delays during the 2021 Quarter. In Appalachia, weather-related delays also impacted sales volumes at our Tunnel Ridge mine as tons sold in the 2021 Quarter decreased 5.8% and 20.0% compared to the 2020 and Sequential Quarters, respectively. Total coal production volumes increased 7.5% to 8.0 million tons in the 2021 Quarter compared to 7.4 million tons in the Sequential Quarter. Increased coal production and reduced coal sales volumes during the 2021 Quarter led total coal inventory higher to 1.8 million tons at the end of the 2021 Quarter, an increase of 1.2 million tons compared to total coal inventory of 0.6 million tons at the end of the Sequential Quarter. Compared to the 2020 Quarter, total coal inventory was lower by 0.8 million tons. Coal sales price per ton sold in the 2021 Quarter decreased in both regions compared to the 2020 Quarter reflecting the expiration of higher priced contracted tons.

Compared to the 2020 Quarter, Segment Adjusted EBITDA Expense per ton in the Illinois Basin and Appalachia decreased by 14.9% and 2.1%, respectively, due to ongoing expense control and efficiency initiatives at all of our mining operations and improved recoveries at our Hamilton, Warrior, Tunnel Ridge and MC Mining operations. Compared to the Sequential Quarter, increased expenses per ton primarily in the Appalachian region contributed to an increase of 5.2% in total Segment Adjusted EBITDA Expense per ton in the 2021 Quarter. Segment Adjusted EBITDA Expense per ton in Appalachia increased 15.5% compared to the Sequential Quarter primarily as a result of increased subsidence expense at our Tunnel Ridge mine, costs associated with increased metallurgical coal sales and increased severance taxes per ton during the 2021 Quarter.

Continued strengthening of oil & gas prices and industry activity during the 2021 Quarter led Segment Adjusted EBITDA for our Oil & Gas Royalties segment higher by 16.7% to $11.9 million compared to the Sequential Quarter. Compared to the 2020 Quarter, Segment Adjusted EBITDA declined by 13.2% due to reduced volumes, partially offset by higher sales price realizations per BOE.

Segment Adjusted EBITDA for our Coal Royalties segment increased to $7.3 million for the 2021 Quarter compared to $6.9 million and $7.0 million for the 2020 and Sequential Quarters, respectively, as a result of higher average royalty rates per ton received from our mining subsidiaries and reduced selling expenses, partially offset by reduced volumes.

Outlook

"Economic activity continues to improve in the U.S. and globally as vaccine distribution accelerates and lockdowns ease," said Mr. Craft. "As we anticipated, increased economic activity has resulted in improved energy demand, benefitting all of our business segments. Our domestic coal markets further benefited from the impact of the February polar vortex, as coal-fired generation in U.S. power regions increased 70% - 80% and utility stockpiles in our markets fell by approximately a third as utilities leaned on coal during this time of surging demand as a reliable source of power. These factors, as well as a favorable natural gas price curve, are expected to motivate utilities to secure additional supply commitments over the balance of the year. International coal markets also continued to strengthen and we expect to have additional export sales opportunities this year. ARLP currently has contract commitments for approximately 26.4 million tons in 2021 and we are increasing the midpoint of our targeted total coal sales volumes for this year to 31.0 million tons."

Mr. Craft continued, "Expectations for our Oil & Gas Royalties segment are also increasing. The pace of drilling and completion activity on ARLP’s oil & gas mineral interests has exceeded our initial expectations and recent permitting activity suggests this trend is likely to continue for the remainder of 2021. As a result, we now anticipate production on our acreage will be toward the higher end of our initial full-year ranges. With stronger production expectations and continued strength in oil, natural gas and natural gas liquids pricing, we currently anticipate the EBITDA contribution from our Oil & Gas Royalties segment will be approximately 20% - 25% above 2020 levels."

ARLP is updating its initial full-year 2021 guidance for the following selected items:

A conference call regarding ARLP's 2021 Quarter financial results is scheduled for today at 10:00 a.m. Eastern. To participate in the conference call, dial (877) 506-1589 and request to be connected to the Alliance Resource Partners, L.P. earnings conference call. Canadian callers should dial (855) 669-9657 and all other international callers should dial (412) 317-5240 and request to be connected to the same call. Investors may also listen to the call via the "investor information" section of ARLP's website at http://www.arlp.com.

An audio replay of the conference call will be available for approximately one week. To access the audio replay, dial US Toll Free (877) 344-7529; International Toll (412) 317-0088; Canada Toll Free (855) 669-9658 and request to be connected to replay access code 10154737.

This announcement is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b), with 100% of the partnership’s distributions to foreign investors attributable to gross income, gain or loss that is effectively connected with a United States trade or business. Accordingly, ARLP's distributions to foreign investors are subject to federal income tax withholding at the highest applicable tax rate.

About Alliance Resource Partners, L.P.

ARLP is a diversified natural resource company that generates operating and royalty income from coal produced by its mining complexes and royalty income from mineral interests it owns in strategic oil & gas producing regions in the United States, primarily the Permian, Anadarko and Williston basin.

ARLP currently produces coal from seven mining complexes it operates in Illinois, Indiana, Kentucky, Maryland and West Virginia. ARLP also operates a coal loading terminal on the Ohio River at Mount Vernon, Indiana. ARLP markets its coal production to major domestic and international utilities and industrial users and is currently the second largest coal producer in the eastern United States.

In addition, ARLP also generates income from a variety of other sources.

News, unit prices and additional information about ARLP, including filings with the Securities and Exchange Commission ("SEC"), are available at http://www.arlp.com. For more information, contact the investor relations department of ARLP at (918) 295-7674 or via e-mail at This email address is being protected from spambots. You need JavaScript enabled to view it..

***

The statements and projections used throughout this release are based on current expectations. These statements and projections are forward-looking, and actual results may differ materially. These projections do not include the potential impact of any mergers, acquisitions or other business combinations that may occur after the date of this release. We have included more information below regarding business risks that could affect our results.

FORWARD-LOOKING STATEMENTS: With the exception of historical matters, any matters discussed in this press release are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from projected results. Those forward-looking statements include expectations with respect to coal and oil & gas consumption and expected future prices, optimizing cash flows, reducing operating and capital expenditures, preserving liquidity and maintaining financial flexibility, among others. These risks to our ability to achieve these outcomes include, but are not limited to, the following: the severity, magnitude and duration of the COVID-19 pandemic, including impacts of the pandemic and of businesses' and governments' responses to the pandemic on our operations and personnel, and on demand for coal, oil and natural gas, the financial condition of our customers and suppliers, available liquidity and capital sources and broader economic disruptions; changes in macroeconomic and market conditions and market volatility arising from the COVID-19 pandemic, including coal, oil, natural gas and natural gas liquids prices, and the impact of such changes and volatility on our financial position; decline in the coal industry's share of electricity generation, including as a result of environmental concerns related to coal mining and combustion and the cost and perceived benefits of other sources of electricity and fuels, such as oil & gas, nuclear energy, and renewable fuels; changing global economic conditions or in industries in which our customers operate; changes in coal prices and/or oil & gas prices, demand and availability which could affect our operating results and cash flows; actions of the major oil producing countries with respect to oil production volumes and prices could have direct and indirect impacts over the near and long term on oil & gas exploration and production operations at the properties in which we hold mineral interests; the effectiveness or lack of effectiveness in distributed vaccines to reduce the impact of COVID-19; changes in competition in domestic and international coal markets and our ability to respond to such changes; potential shut-ins of production by operators of the properties in which we hold mineral interests due to low oil, natural gas and natural gas liquids prices or the lack of downstream demand or storage capacity; risks associated with the expansion of our operations and properties; our ability to identify and complete acquisitions; dependence on significant customer contracts, including renewing existing contracts upon expiration; adjustments made in price, volume, or terms to existing coal supply agreements; recent action and the possibility of future action on trade made by the United States and foreign governments; the effect of changes in taxes or tariffs and other trade measures; legislation, regulations, and court decisions and interpretations thereof, both domestic and foreign, including those relating to the environment and the release of greenhouse gases, mining, miner health and safety, hydraulic fracturing, and health care; deregulation of the electric utility industry or the effects of any adverse change in the coal industry, electric utility industry, or general economic conditions; investors' and other stakeholders' increasing attention to environmental, social and governance matters; liquidity constraints, including those resulting from any future unavailability of financing; customer bankruptcies, cancellations or breaches to existing contracts, or other failures to perform; customer delays, failure to take coal under contracts or defaults in making payments; our productivity levels and margins earned on our coal sales; disruptions to oil & gas exploration and production operations at the properties in which we hold mineral interests; changes in raw material costs; changes in the availability of skilled labor; our ability to maintain satisfactory relations with our employees; increases in labor costs including costs of health insurance and taxes resulting from the Affordable Care Act, adverse changes in work rules, or cash payments or projections associated with workers' compensation claims; increases in transportation costs and risk of transportation delays or interruptions; operational interruptions due to geologic, permitting, labor, weather-related or other factors; risks associated with major mine-related accidents, mine fires, mine floods or other interruptions; results of litigation, including claims not yet asserted; foreign currency fluctuations that could adversely affect the competitiveness of our coal abroad; difficulty maintaining our surety bonds for mine reclamation as well as workers' compensation and black lung benefits; difficulty in making accurate assumptions and projections regarding post-mine reclamation as well as pension, black lung benefits, and other post-retirement benefit liabilities; uncertainties in estimating and replacing our coal reserves; uncertainties in estimating and replacing our oil & gas reserves; uncertainties in the amount of oil & gas production due to the level of drilling and completion activity by the operators of our oil & gas properties; the impact of current and potential changes to federal or state tax rules and regulations, including a loss or reduction of benefits from certain tax deductions and credits; difficulty obtaining commercial property insurance, and risks associated with our participation in the commercial insurance property program; evolving cybersecurity risks, such as those involving unauthorized access, denial-of-service attacks, malicious software, data privacy breaches by employees, insiders or others with authorized access, cyber or phishing-attacks, ransomware, malware, social engineering, physical breaches or other actions; and difficulty in making accurate assumptions and projections regarding future revenues and costs associated with equity investments in companies we do not control.

Brian L. Cantrell
Alliance Resource Partners, L.P.
(918) 295-7673

Company becomes latest in a steady pipeline of migrations and graduations to NEO

TORONTO--(BUSINESS WIRE)--$MOVE #NEOExchange--The Neo Exchange Inc. (“NEO Exchange” or “NEO”) is excited to announce that Clean Power Capital Corp. (“Clean Power”), previously listed on the Canadian Securities Exchange, has graduated to the NEO Exchange. Clean Power is now available for trading on NEO under the symbol NEO:MOVE.

Clean Power’s main subsidiary, PowerTap Hydrogen Fueling Corp., is focused on employing its patented hydrogen production technology to build a blue hydrogen filling station network in the United States to accommodate anticipated growth in hydrogen vehicle sales.

“Clean Power is pleased to list on the NEO Exchange which supports innovation and growth-oriented processes, enabling us to reach a broader audience of institutional and fund investors,” said Raghu Kilambi, CEO of Clean Power Capital Corp. “While working actively to expand our hydrogen power fueling stations and continuing to identify strategic partnerships that deepen our stronghold in the industry, we are actively committed to the investment community to enhance sustainable shareholder value.”

With today’s launch on the NEO Exchange, Clean Power has become the latest in a steady pipeline of corporate migrations and graduations to NEO.

“Up-listing from a junior exchange to a non-venture stock exchange is a strategic and well-executed move for Clean Power,” remarked Jos Schmitt, President and CEO of NEO. “We are thrilled to welcome Clean Power to the NEO Exchange where they will benefit from enhanced visibility, unique liquidity solutions, and greater access to capital which will enable them to continue pursuing great opportunities in the renewable energy sector.”

Investors can trade shares of NEO:MOVE through their usual investment channels, including discount brokerage platforms and full-service dealers. NEO is home to over 125 corporate and ETF listings, and consistently facilitates close to 15 percent of all Canadian trading volume. Click here for a complete view of all NEO-listed securities.

About the NEO Exchange

The NEO Exchange is Canada’s innovation economy stock exchange that brings together investors and capital raisers within a fair, liquid, efficient, and service-oriented environment. Fully operational since June 2015, NEO puts investors first and provides access to trading across all Canadian-listed securities on a level playing field. NEO is a non-venture stock exchange and lists senior companies and investment products seeking a stock exchange that enables investor trust, quality liquidity, and broad awareness including unfettered access to market data.

Connect with NEO: Website | LinkedIn | Twitter | Instagram

About Clean Power Capital Corp.

Clean Power is an investment company that specializes in investing into private and public companies opportunistically that may be engaged in a variety of industries, with a current focus in the renewable energy and health industries. In particular, the investment mandate is focused on high return investment opportunities, the ability to achieve a reasonable rate of capital appreciation, and to seek liquidity in its investments.

Connect with Clean Power: Website

NEO Media:

Joanne Kearney
E: This email address is being protected from spambots. You need JavaScript enabled to view it.
P: 416-804-5949