TOMONITM intelligent digital solutions at Domo de San Pedro Geothermal Power Station monitor, analyze and model data to:
LAKE MARY, Fla.--(BUSINESS WIRE)--#ChangeInPower--The Domo de San Pedro Geothermal Power Station in Nayarit, Mexico, is the first geothermal power plant in the world to add Mitsubishi Power’s TOMONITM intelligent digital solutions to improve efficiency and reliability. Proven to increase profitability of gas and steam turbine plants around the world, TOMONITM solutions are now being applied to improve geothermal power plant competitiveness through asset optimization, analytics for operator and maintenance support, and artificial intelligence.
Mitsubishi Power built the 25 megawatt (MW) Domo de San Pedro plant under a turnkey engineering, procurement and construction contract completed in 2016. Because geothermal production wells change over time and steam conditions diverge from optimal design, geothermal plants must be optimized to compensate for these changes. Mitsubishi Power’s TOMONITM solutions now provide the plant with the tools to diagnose and predict operating conditions and to develop optimal solutions that improve plant performance and reliability.
TOMONITM solutions include remote monitoring and real-time data analysis of the plant and geothermal production well. Mitsubishi Power combines its experience in plant design with actual operating data to develop in-situ models that identify opportunities to optimize plant operation and maintenance. For example, Mitsubishi Power monitors equipment online for degradation of thermodynamic performance, an indicator of scale accumulation caused by naturally occurring minerals in the steam and hot water, so optimal outage plans can be developed based on the plant’s actual condition rather than on standardized remedial schedules. Mitsubishi Power’s remote monitoring and support services can also shorten or even prevent unplanned outages by detecting anomalies and providing early countermeasure planning and operational guidance.
Mitsubishi Power’s TOMONITM solutions for geothermal plants are a natural extension of Mitsubishi Power’s product lines. Mitsubishi is a global leader in geothermal steam turbines. Its geothermal plant construction, operation and maintenance experience combined with experience developing advanced technology for gas and steam turbine applications provide a firm foundation for tailoring solutions that help geothermal plant operators manage the unique conditions of their plants for improved efficiency and reliability.
Juan Luis Del Valle Luarca, Operations Director at Geotérmica para el Desarrollo S.A.P.I. de C.V. (GEODESA), which owns and operates the plant, said, “We have been pleased with Mitsubishi Power’s expertise in building our geothermal plant, and we appreciate their expertise even more now as we are bringing TOMONITM intelligent digital solutions onboard to optimize plant operation. It is of great support having Mitsubishi Power together with our team closely monitoring the plant, analyzing our data, and developing solutions to ensure that we can provide reliable clean power to our customers.”
Marco Sanchez, Vice President of Intelligent Solutions at Mitsubishi Power, said, “Geothermal power plants are important contributors to energy sector decarbonization. Because they rely on renewable underground reservoirs for steam to rotate turbines rather than on fuel combustion, they have zero carbon emissions. Geothermal wells present unique plant management challenges that Mitsubishi Power has been excited to model and optimize with our digital solutions for the Domo de San Pedro Geothermal Power Station. Tailoring TOMONITM intelligent digital solutions for geothermal plant applications furthers our company’s mission to provide power generation and storage solutions to our customers, empowering them to affordably and reliably combat climate change and advance human prosperity. Together with our customers we are creating a Change in Power.”
About Mitsubishi Power Americas, Inc.
Mitsubishi Power Americas, Inc. headquartered in Lake Mary, Florida, employs more than 2,000 power generation, energy storage, and digital solutions experts and professionals. Our employees are focused on empowering customers to affordably and reliably combat climate change while also advancing human prosperity throughout North and South America. Mitsubishi Power’s power generation solutions include natural gas, steam, aero-derivative, geothermal, distributed renewable technologies, environmental controls, and services. Energy storage solutions include green hydrogen and battery energy storage systems. Mitsubishi Power also offers digital solutions that enable autonomous operations and maintenance of power assets. Mitsubishi Power, Ltd. is a wholly owned subsidiary of Mitsubishi Heavy Industries, Ltd. (MHI). Headquartered in Tokyo, Japan, MHI is one of the world’s leading heavy machinery manufacturers with engineering and manufacturing businesses spanning energy, infrastructure, transport, aerospace and defense. For more information, visit the Mitsubishi Power Americas website and follow us on LinkedIn.
Christa Reichhardt
+1 407-484-5599
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FREMONT, Calif. & HERZLIYA, Israel--(BUSINESS WIRE)--$SEDG #SEDG--SolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ: SEDG), a global leader in smart energy, announced today the appointment of Ms. Betsy Atkins as a member of the board of directors. The appointment was approved unanimously by the board of directors and will become effective June 1, 2021.
Ms. Atkins is a seasoned business-woman and entrepreneur with two decades of experience serving on boards of public companies. She currently serves on the boards of Wynn Resorts (NASDAQ; WYNN), SL Green (NYSE; SLG) and Volvo Car Corporation (private). Ms. Atkins has a global, broad perspective on energy from her previous roles as Lead Director at SunPower Corporation (NASDAQ; SPWR), and Schneider Electric S.E (SU:EN Paris) as well as from her years of experience as an innovative founder of several successful high-tech, energy and consumer companies including, Ascend Communications and Clear Standards Inc. “I am delighted to welcome Ms. Atkins to our board at these exciting times. We are confident that her leadership and extensive board experience, coupled with a vast global perspective will contribute to our continued growth,” stated Mr. Nadav Zafrir, Chairman of the Board. “I am so honored to join the board of SolarEdge – I am excited to join them in their mission as a leader in smart home energy with relentless focus on innovation that drives future progress. I look forward to partnering with the Board as the company continues to advance smart energy,” said Ms. Atkins.
About SolarEdge
SolarEdge is a global leader in smart energy. By leveraging world-class engineering capabilities and with a relentless focus on innovation, SolarEdge creates smart energy solutions that power our lives and drive future progress. SolarEdge developed an intelligent inverter solution that changed the way power is harvested and managed in photovoltaic (PV) systems. The SolarEdge DC optimized inverter seeks to maximize power generation while lowering the cost of energy produced by the PV system. Continuing to advance smart energy, SolarEdge addresses a broad range of energy market segments through its PV, storage, EV charging, batteries, UPS, electric vehicle powertrains, and grid services solutions. SolarEdge is online at solaredge.com
SolarEdge Technologies, Inc.
Ronen Faier, Chief Financial Officer
+1 510-498-3263
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Sapphire Investor Relations, LLC
Erica Mannion or Michael Funari
+1 617-542-6180
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SIMI VALLEY, Calif.--(BUSINESS WIRE)--$AVAV #AeroVironment--AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems (UAS), today announced the U.S. Army has exercised an option on its Lethal Miniature Aerial Missile Systems (LMAMS) contract for additional Switchblade® 300 tactical missile systems for the Army and for export to an allied nation. The $44,961,751 contract option increases the total value of the contract to $122,523,677. Delivery will take place over a two-year period.
AeroVironment received the contract option on March 16, 2021 and it will be managed by the U.S. Army Contracting Command – Redstone Arsenal and the U.S. Department of Defense Foreign Military Sales (FMS) program.
"Switchblade is a versatile, combat-proven loitering missile that offers a unique combination of portability, precision, rapid deployment and collateral damage avoidance capabilities to our customers,” said Brett Hush, AeroVironment vice president and product line general manager for tactical missile systems. “The adoption of Switchblade systems across the U.S. armed forces, and now by the first allied nation, reflects its compelling capabilities and its potential for joint interoperability.”
AeroVironment’s combat proven Switchblade 300 is back-packable and rapidly deployable from ground platforms, including a multipack launcher, providing warfighters with rapid-response force protection and precision strike capabilities up to 10 kilometers (6 miles) from its launch location. Its high precision, combined with specialized effects and patented “wave-off” feature, results in Switchblade’s ability to minimize or even eliminate collateral damage.
ABOUT AEROVIRONMENT TACTICAL MISSILE SYSTEMS
AeroVironment’s tactical missile systems provide users with the ability to identify threats and deliver a precision lethal payload with minimal collateral damage. Switchblade® 300 and Switchblade® 600 loitering missile systems enable the warfighter to easily launch, fly, track and engage beyond line-of-sight targets and light armored vehicles across land, maritime and air-launched scenarios. The Blackwing™ loitering reconnaissance system is a variant of Switchblade designed to provide rapid-response intelligence, surveillance and reconnaissance capabilities and can be deployed from a submarine using an underwater-to-air delivery canister, shipboard or mobile ground vehicle via tube-launch or Multipack Launcher (MPL). AeroVironment’s tactical missile systems deliver the actionable intelligence and precision firepower needed to achieve mission success across multiple domains.
ABOUT AEROVIRONMENT, INC.
AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can Proceed with Certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. For more information, visit www.avinc.com.
SAFE HARBOR STATEMENT
Certain statements in this press release may constitute "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements are made on the basis of current expectations, forecasts and assumptions that involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors outside of our control, that may cause our business, strategy or actual results to differ materially from those expressed or implied. Factors that could cause actual results to differ materially from the forward-looking statements include, but are not limited to, our ability to perform under existing contracts and obtain additional contracts; changes in the regulatory environment; the activities of competitors; failure of the markets in which we operate to grow; failure to expand into new markets; failure to develop new products or integrate new technology with current products; and general economic and business conditions in the United States and elsewhere in the world. For a further list and description of such risks and uncertainties, see the reports we file with the Securities and Exchange Commission. We do not intend, and undertake no obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise.
Makayla Thomas
AeroVironment, Inc.
+1 (805) 520-8350
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Mark Boyer
For AeroVironment, Inc.
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TORONTO--(BUSINESS WIRE)--Superior Plus Corp. (“Superior”) (TSX:SPB) is pleased to publish its inaugural Sustainability Report which outlines its established environmental, social and governance practices. The report includes insight into Superior’s 2020 operations and future milestones, and the Sustainability Report is available at www.superiorplus.com/investor-relations/financial-reports/.
“Our inaugural Sustainability Report is a natural next step in our sustainability journey,” said Luc Desjardins, President and Chief Executive Officer. “While safety and sustainability practices are already deeply embedded across our business, we have completed critical work to identify focus areas that are important to our business and stakeholders and align with our growth strategy. This report and the work involved is just the beginning of our sustainability journey. Together, they set the stage for us to develop an enterprise-wide sustainability strategy that is grounded in meaningful targets, ongoing transparency and regular performance reporting.”
About the Corporation
Superior is a leading North American distributor and marketer of propane and distillates and related products and services, servicing over 780,000 customer locations in the U.S. and Canada.
For further information about Superior, please visit our website at: www.superiorplus.com or contact: Beth Summers, Executive Vice President and Chief Financial Officer, Tel: (416) 340-6015, or Rob Dorran, Vice President, Investor Relations and Treasurer, Tel: (416) 340-6003, E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it., Toll Free: 1-866-490-PLUS (7587).
Forward Looking Information
This news release contains certain forward-looking information and statements that are based on Superior’s current expectations, estimates, projections and assumptions in light of its experience and its perception of historical trends. In this news release, such forward-looking information and statements can be identified by terminology such as “will”, "expects", "annualized", and similar expressions.
In particular, this news release contains forward-looking statements and information relating to the development of an enterprise-wide sustainability strategy that is grounded in meaningful targets, ongoing transparency and annual performance reporting. These forward-looking statements are being made by Superior based on certain assumptions that Superior has made in respect thereof as at the date of this news release, regarding, among other things: the success of Superior’s operations; prevailing commodity prices, margins, volumes and exchange rates; that Superior’s future results of operations will be consistent with past performance and management expectations in relation thereto; the continued availability of capital at attractive prices to fund future capital requirements; future operating costs; that any required commercial agreements can be reached; that all required regulatory and environmental approvals can be obtained on the necessary terms in a timely manner. These forward-looking statements are not guarantees of future performance and are subject to a number of known and unknown risks and uncertainties, including, but not limited to: the regulatory environment and decisions; non-performance of agreements in accordance with their terms; the impact of competitive entities and pricing; reliance on key industry partners and agreements; actions by governmental or regulatory authorities including changes in tax laws and treatment, or increased environmental regulation; adverse general economic and market conditions in Canada, North America and elsewhere; fluctuations in operating results; labour and material shortages; and certain other risks detailed from time to time in Superior’s public disclosure documents including, among other things, those detailed under the heading "Risk Factors" in Superior’s management's discussion and analysis and annual information form for the year ended December 31, 2020, which can be found at www.sedar.com.
Accordingly, readers are cautioned that events or circumstances could cause results to differ materially from those predicted, forecasted or projected. Such forward-looking statements are expressly qualified by the above statements. Superior does not undertake any obligation to publicly update or revise any forward looking statements or information contained herein, except as required by applicable laws.
Beth Summers, Executive Vice President and Chief Financial Officer
Tel: (416) 340-6015
or
Rob Dorran, Vice President, Investor Relations and Treasurer
Tel: (416) 340-6003
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Toll Free: 1-866-490-PLUS (7587)
Formerly NOHMs Technologies, the company combines proprietary electrolyte with a newly developed silicon anode design for a low-cost, high-performance and safer lithium-ion battery
ROCHESTER, N.Y.--(BUSINESS WIRE)--NOHMs Technologies, long recognized as a leading provider of advanced electrolyte products for next-generation lithium-ion (Li-ion) batteries, today announced its relaunch as Sionic Energy, transforming its business to deliver complete advanced battery cell designs that incorporate its breakthrough technologies into a drop-in, rapidly commercialized, low cost, high performance, safer Li-ion technology.
Sionic’s silicon battery cell designs incorporate the company’s complete technology innovations that deliver up to 50% greater energy density, 30% lower cost, and increased safety, and can be integrated into cylindrical, pouch, or prismatic cell formats in existing cell production supply chains and infrastructure.
Most silicon battery designs currently available or under development require expensive materials and complex processes that can significantly increase costs. Sionic Energy’s innovations utilize pure low-cost micron silicon, integrated with advanced electrolyte designs for exceptional performance, cycle life and increased safety. Sionic Energy’s battery design is agnostic to cathode materials, enabling the extensibility of performance across a variety of current and emerging cathode designs.
As part of this transformation Ed Williams, NOHMs’ Company Chairman, Acting CEO, and 15-year battery industry executive will assume the position of CEO and guide the company through its accelerated growth strategy into the automotive, consumer electronics, and aviation battery markets. With Williams at the helm, Sionic Energy is on track to have its battery design ready for production and commercialization in light aviation (drones) and consumer electronics sectors by late 2022.
“With the world depending on lithium-ion batteries to power our devices, our vehicles and our infrastructure, battery performance, cost and safety have become more critical metrics for success and progress than ever,” said Williams. “Through collaboration with the exceptional team at NOHMs, our launch of Sionic Energy unites their legacy electrolyte technologies with our recently acquired high-capacity silicon anode technology, from the University of Colorado Boulder, to create a truly market disruptive battery. We’re looking forward to addressing the market’s growing demand for a drop-in, next generation, lithium-ion battery technology.”
Based on the ease of integration into existing battery production, supply chains, and products, Sionic Energy has created a licensing model for its battery technology to accelerate and broaden adoption by major commercial markets. Production-scale prototype cells will be available in Q4 this year for customer evaluations and testing.
In commercializing these latest silicon anode technologies, Sionic will collaborate with Professor Sehee Lee’s lab and team of postdocs at the University of Colorado Boulder. Over the past decade at the university, Dr. Lee’s team has created a legacy of Li-ion battery innovations that help drive the adoption of energy storage in products and their positive impact on climate change.
“The market’s urgent need for next-generation Li-ion battery performance and safety at a lower cost is well documented across every major product category: electric vehicles, consumer electronics and aviation,” said John Chen, investor, board member, and Managing General Partner of Phoenix Venture Partners LLC (PVP). “Sionic Energy’s disruptive combination of high performance at an attractive cost point with ease of commercialization and scaleup positions their silicon battery technology well to power next-generation products relying on better battery technology to reduce contributions to climate change.”
About Sionic Energy: Originally established in 2011, with the technology and team of Cornell University scientists, the company, previously named NOHMs Technologies, Inc. has been a leading provider of electrolyte products for next generation Li-ion batteries. Partnering with leading automotive, mobile device, battery, and chemical manufacturing companies, on those products, Sionic Energy is now well positioned in the market for rapid introduction of its complete battery cell technology and expects to have its breakthrough battery design in production by the end of 2022.
Media
Leo Traub
646-883-3562
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Cements Bollinger’s position as the largest American privately-owned and operated shipbuilder in the United States
Transaction includes 437-acre waterfront facility with 198,000 sq. ft. of existing operations, fabrication and warehouse space, and 4 floating drydocks
Acquisition expands new construction and repair capacity and capabilities to better serve key defense and commercial customers
LOCKPORT, La.--(BUSINESS WIRE)--Bollinger Shipyards (“Bollinger”), a privately-held leading designer and builder of steel military and commercial vessels for the past three quarters of a century, today announced that it has acquired Gulf Island Fabrication, Inc.’s (“Gulf Island”) (NASDAQ: GIFI) Shipyard facilities, expanding Bollinger’s new construction and repair capacity and capabilities to better serve its key defense and commercial customers. Financial terms of the transaction were not disclosed.
This acquisition creates expanded opportunities for Bollinger to better serve and deepen its relationships with key defense and commercial customers with an increased capacity for new projects and footprint, access to a larger workforce skilled in steel construction, improved efficiencies and enhanced economies of scale. Current customers for Bollinger include the U.S. Coast Guard, U.S. Navy, General Dynamics-Electric Boat, and non-defense and commercial customers servicing energy production to dredging. Gulf Island had been building the Towing, Salvage and Rescue Ships (T-ATS) for the U.S. Navy and Regional Class Research Vessels for the National Science Foundation and Oregon State University. These projects conveyed with the transaction.
“The addition of the new Houma shipyard further strengthens our position within the U.S. defense industrial base as a leading shipbuilder and vessel repair company,” said Ben Bordelon, CEO and President of Bollinger Shipyards. “For 75 years, we’ve developed a deep expertise in and proven track record of building reliable, high endurance steel vessels for the Coast Guard, Navy and our commercial customers. As the needs of these customers change and grow, we are constantly looking for ways to invest in and expand our capabilities and innovative solutions so that we can continue to provide them with the highest levels of quality, support and service in our industry.”
Bordelon continued, “For three quarters of a century, Bollinger’s greatest strength has and continues to be our people and their American ingenuity and quality craftsmanship. I am excited to welcome the Gulf Island Shipyard employees into the Bollinger family. Together, we will ensure that the ‘Bollinger Standard’ will be the high bar we measure ourselves against for superior quality and safety as we work to deliver the next generation of American made high-performance vessels for our government and commercial customers.”
The new Bollinger Houma facility encompasses 437 acres on the west bank of the Houma Navigation Canal, of which 283 acres is unimproved land that is available for expansion. The facility includes 18,000 square feet of administrative and operations facilities, 160,000 square feet of covered fabrication facilities and 20,000 square feet of warehouse facilities. It also has 6,750 linear feet of water frontage, including 2,350 feet of steel bulkheads. Located just 30 miles from the Gulf of Mexico, the strategic location provides short and unrestricted access to the newly acquired Houma facility from open waters.
The acquisition also includes a 15,000-short ton drydock, a 4,000-short ton drydock, a 3,000-short ton drydock and a 1,500-short ton drydock.
Bollinger’s acquisition increases the shipyard’s growing new construction and repair portfolio. In December of last year, Congress appropriated funds for Bollinger to build four additional Sentinel Class Fast Response Cutters (FRC) for the U.S. Coast Guard. In addition to construction of the FRC, Bollinger is under contract to construct an Ocean Transport Barge and Floating Dry Dock for General Dynamics Electric Boat Division. In addition, Bollinger is participating in industry studies for five Government programs, including the U.S. Coast Guard’s Offshore Patrol Cutter (OPC) program, the U.S. Navy’s Common Hull Auxiliary Multi-Mission Platform (CHAMP) program, the U.S. Navy’s Auxiliary General Ocean Surveillance (T-AGOS(X)) program, the U.S. Navy’s Large Unmanned Surface Vehicle (LUSV) program and the U.S. Navy’s Light Amphibious Warship (LAW) program.
About Bollinger Shipyards LLC
Bollinger Shipyards LLC (www.bollingershipyards.com) has a 75-year legacy as a leading designer and builder of high performance military patrol boats and salvage vessels, research vessels, ocean-going double hull barges, offshore oil field support vessels, tugboats, rigs, lift boats, inland waterways push boats, barges, and other steel and aluminum products from its new construction shipyards as part of the U. S. industrial base. Bollinger has 11 shipyards, all strategically located throughout Louisiana with direct access to the Gulf of Mexico, Mississippi River and the Intracoastal Waterway. Bollinger is the largest vessel repair company in the Gulf of Mexico region.
Media
Eric Bollinger
Vice President of Sales
Tel.: 985-532-2554
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TJ Tatum
Sard Verbinnen & Co.
Tel.: 954-649-3581
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The Birch Solar project will deliver nearly 600,000 megawatt hours of renewable energy annually into the local AEP grid, reducing carbon emissions by 423,700 metric tons each year
COLUMBUS, Ohio--(BUSINESS WIRE)--#PPA--Lightsource bp has executed a power purchase agreement with Amazon for a new 375 megawatt (MWdc) solar project under development in Ohio, as part of Amazon’s long-term commitment to power its global infrastructure with renewable energy. Once complete, the solar facility is expected to deliver nearly 600,000 megawatt hours (MWh) annually of additional renewable energy for Amazon operations locally – equivalent to the annual electricity consumption of about 55,000 U.S. homes.
The project will be located in Auglaize and Allen Counties. Generation from the solar project is expected to reduce greenhouse gas emissions by 423,700 metric tons of CO2 annually, equivalent to removing 91,515 fuel burning cars off the road.
Michael Ruppert, Business Manager IBEW Local Union 32: “This solar project will bring additional investment dollars into our community, while helping to power both local businesses and the economy. New and established businesses like Amazon are investing in Ohio, and with that investment comes the desire to be able to purchase home-grown Ohio power that’s cost competitive, clean and renewable. Projects like this allow for energy investment and other economic benefits to remain local.”
Local economic development
Solar projects do more than reduce emissions that negatively affect our environment and the health of Ohioans. They also help strengthen local economies by contributing significant new annual revenue to schools and other public services, bringing multi-million-dollar annual operations budgets, and creating good paying construction jobs. It is expected that the Birch Solar Project will be the largest corporate taxpayer in Allen County. Locally generated renewable energy also attracts and retains businesses such as Amazon, who significantly contribute to Ohio’s economy.
Stephanie Kromer, Director of Energy & Environmental Policy at Ohio Chamber of Commerce: “Amazon has a long-term commitment to utilize 100% renewable energy and has invested in operations infrastructure in Ohio. In just three years, the combined direct, indirect and induced effects of Amazon’s investment in our state could create thousands of new jobs for Ohioans, and hundreds of millions of dollars in new regional income and GDP in Ohio.”
Additional economic investment and local benefits of this project will include:
Emilie Wangerman, SVP of Business Development for Lightsource bp: “Investment in renewable energy by corporates such as Amazon is spurring development of clean and affordable energy sources in the U.S. that are benefiting everyone – from reducing pollution from electricity generation for our country’s overall grid to economic benefits, including new revenue for schools, that are staying local and supporting communities near the projects."
About Lightsource bp
Lightsource bp is a global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. Our purpose is to deliver affordable and sustainable solar power for businesses and communities around the world. Our team includes over 500 industry specialists, working across 14 countries. We provide a full service to our customers, from initial site selection, financing and permitting through to long-term management of solar projects. Lightsource bp in the U.S. is headquartered in San Francisco with development offices in Denver, Philadelphia, Atlanta and Houston. Since late 2017, the team has developed a pipeline of more than of more than 8 gigawatts of large-scale solar projects at various stages of development across the United States with over 2 gigawatts of contracted assets representing almost $2 billion in near term projects. For more information please visit lightsourcebp.com.
Mary Grikas
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FORT WORTH, Texas--(BUSINESS WIRE)--FTS International, Inc. (NYSE American: FTSI) announced today that it will release its financial results for the first quarter ended March 31, 2021 on Tuesday, May 4, 2021 after the market closes. FTS International will hold a conference call that will also be webcast on its website on Wednesday, May 5, 2021 at 10:00 a.m. Central Time (11:00 a.m. Eastern Time) to discuss the results.
Presenting the Company’s results will be Michael Doss, Chief Executive Officer, who will then be joined by Buddy Petersen, Chief Operating Officer and Lance Turner, Chief Financial Officer, for Q&A.
Please see below for instructions on how to access the conference call and webcast.
By Phone: |
Dial (312) 281-2972 at least 10 minutes before the call. A replay will be available through June 1 by dialing (402) 977-9140 and using the conference ID 21993701#. |
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By Webcast: |
Connect to the webcast via the Events page of FTS International’s website at www.FTSI.com/investor-relations/events. Please join the webcast at least 10 minutes in advance to register and download any necessary software. A replay will be available shortly after the call. |
About FTS International, Inc.
Headquartered in Fort Worth, Texas, FTS International is a pure-play hydraulic fracturing service company with operations across multiple basins in the United States.
To learn more, visit www.FTSI.com.
Lance Turner
Chief Financial Officer
817-862-2000
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Ecoppia’s water-free robotic cleaning technology performs fully automated nightly cleaning of solar modules to ensure peak performance year round
TEL AVIV, Israel--(BUSINESS WIRE)--#fortune500--Ecoppia, the world-leader in robotic cleaning technology for photovoltaic solar sites, announced today that it has completed the installation of its robots at a solar site in California, USA, operated by The AES Corporation, a Fortune 500 global energy company that provides greener, smarter energy solutions in 15 countries worldwide. AES is the largest private owner of operating solar assets in the United States.
With this deployment, Ecoppia has reached another significant millstone, servicing more than 2,700 MW of deployed projects globally. Ecoppia anticipates that this growth trajectory will continue as the adoption of solar energy expands in the United States and around the world.
The AES site in California will feature the light weight Ecoppia T4 solution, designed especially for Single Axis trackers. The completely autonomous T4 robots operate nightly, cleaning large-scale solar arrays without the use of water, human operators, or electricity – the robots are solar powered.
The environmentally friendly robots keep solar modules clean and functioning at peak productivity while saving millions of gallons of water, providing a truly sustainable approach to the operation and maintenance of solar modules.
“Innovation is a core competitive advantage for AES as we play a leading role in the growing solar market in the United States,” said Leo Moreno, President of AES Clean Energy. “By employing Ecoppia’s leading-edge robotic technology, AES will ensure year-round peak performance of our solar sites. We are confident Ecoppia’s solutions will further increase our competitiveness and bottom line.”
“We are pleased and honored to have been chosen by a solar power giant like AES,” said Jean Scemama, CEO of Ecoppia. “This is an important milestone in our expansion to the Americas after eight years of operation mainly in the Middle East and India. The installation of our next joint project with AES in Chile is already underway.”
About Ecoppia
With over 16GW of signed agreements, Ecoppia (TASE: ECPA) is a pioneer and world leader in robotic solutions for photovoltaic solar. Ecoppia’s cloud-based, water-free, autonomous robotic systems remove dust from solar panels on a daily basis leveraging sophisticated technology and advanced Business Intelligence capabilities. Remotely managed and controlled, the Ecoppia platform allows solar sites to maintain peak performance with minimal costs and human intervention. Ecoppia’s proprietary algorithms and robotic solutions make day-to-day O&M at solar sites safer, more efficient and more reliable. Publicly held and backed by prominent international investment funds, Ecoppia works with the largest energy companies across the globe, cleaning millions of solar panels every day. For more information, visit www.ecoppia.com
About AES
The AES Corporation (NYSE: AES) is a Fortune 500 global energy company accelerating the future of energy. Together with our many stakeholders, we're improving lives by delivering the greener, smarter energy solutions the world needs. Our diverse workforce is committed to continuous innovation and operational excellence, while partnering with our customers on their strategic energy transitions and continuing to meet their energy needs today. For more information, visit www.aes.com.
Anat Cohen Segev
VP Marketing, Ecoppia
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+972-9-8917000
More support available to customers before, during and after PSPS events
SAN FRANCISCO--(BUSINESS WIRE)--As part of its ongoing efforts to keep customers and communities safe, Pacific Gas and Electric Company (PG&E) has added numerous resources to further support customers and communities before, during and after Public Safety Power Shutoffs (PSPS). During severe weather, PG&E may need to turn off power for public safety as high winds can cause tree branches or debris to contact energized electric lines, which could damage electrical equipment and cause a major wildfire.
“We understand that being without power is a hardship on our customers,” said Marlene Santos, EVP of Customer Care and Chief Customer Officer. “That is why we are continuing to listen to our customers and respond to their feedback by providing the information and tools they need to help lessen the impact of PSPS events.”
More PSPS Resources for 2021
To continue to support customers before, during and after PSPS events, PG&E is:
Additional Support for Customers with Medical and Independent Living Needs
To further support customers in the access and functional needs (AFN) population, PG&E is providing additional resources including:
Continuing to Build a Safer System
We are continuing to make our system safer and more resilient to reduce PSPS events for our customers and communities. There is no single solution to wildfire safety, which is why we are continuing to evolve and improve all our wildfire safety programs including:
Online Customer Resources
Site Links |
Program Description |
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For information about PG&E’s Community Wildfire Safety Program |
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Live weather information, a 7-day PSPS potential lookahead and images from PG&E’s high-definition cameras deployed in high fire-threat areas |
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Information on keeping your family, home and business safe during a PSPS |
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Information on backup power options, safety tips, financing options, a marketplace to search major backup power retailers and more |
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About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.
MEDIA RELATIONS:
415-973-5930
Jason Newton to Serve as COO Across All CAM Entities
HOUSTON--(BUSINESS WIRE)--CAM Integrated Solutions, LLC (CAM), a provider of EPCM services to the energy industry, announced today the promotion of Jason Newton to Chief Operations Officer. Jason will lead operations for all entities of CAM: CAM Integrated Solutions, CAM Field Solutions, CAM Process Technologies, and Ascend Automation & Controls.
Newton’s career spans over 17 years as a management executive and project management professional within the oil and gas and petrochemical construction industries. With a Bachelor of Science in Mechanical Engineering from Texas Christian University, Jason specializes in onshore projects across a multitude of midstream transmission, compression, gathering, treating, and processing facilities.
His skills include the development and management of project teams with discipline specific and interdisciplinary roles, tasks, and execution strategies, as well as handling upper management and back-office management teams. Newton is proficient at strategic planning for business development, market penetration, and staffing.
Jason joined CAM in August of 2016 and has successfully served in the roles of Sr. Project Manager, Facilities Engineering Manager, Dir. of Midstream Facilities, most recently serving in the position of VP of Engineering Operations over CAMIS and CAM Field.
Craig Pierrotti, CEO, states “Jason has been instrumental in building CAM from the very beginning to where it is today. Through his proven leadership and results-driven work ethic, he has been and will continue to be a pillar of strength for the organization. There is no doubt that he will be successful in this role as a key member of our executive leadership team.”
About CAM Integrated Solutions, LLC (CAM)
CAM Integrated Solutions, founded in 2015, provides integrated EPCM solutions for the energy market. CAM provides clients with a wide range of services, from concept to in-service, including engineering and design, procurement, fabrication, construction management, survey, right-of-way, and automation and controls. CAM’s multi-talented, operator-experienced team delivers consistent results for simple or complex projects. For more information, visit www.camintegrated.com.
Kelli Hardin
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832-533-8202
camintegrated.com
DEERFIELD, Ill.--(BUSINESS WIRE)--CF Industries Holdings, Inc. (NYSE: CF) plans to announce its quarterly financial results and hold conference calls to discuss the results on the following days in 2021:
Dial-in and passcode information for each conference call, as well as a live webcast, will be available on the Investors section of the Company’s website at www.cfindustries.com. Participants may pre-register for the webcast on the company’s website. Please log-in or dial-in at least 10 minutes prior to the start time to ensure a connection. A replay of the webcast will be available through the company’s website at www.cfindustries.com.
About CF Industries Holdings, Inc.
At CF Industries, our mission is to provide clean energy to feed and fuel the world sustainably. Our employees are focused on safe and reliable operations, environmental stewardship, and disciplined capital and corporate management. We are on a path to decarbonize our ammonia production network – the world’s largest – to enable green and blue hydrogen and nitrogen products for energy, fertilizer, emissions abatement and other industrial activities. Our nine manufacturing complexes in the United States, Canada, and the United Kingdom, an unparalleled storage, transportation and distribution network in North America, and logistics capabilities enabling a global reach underpin our strategy to leverage our unique capabilities to accelerate the world’s transition to clean energy. CF Industries routinely posts investor announcements and additional information on the company’s website at www.cfindustries.com and encourages those interested in the company to check there frequently.
Media
Chris Close
Director, Corporate Communications
847-405-2542 – This email address is being protected from spambots. You need JavaScript enabled to view it.
Investors
Martin Jarosick
Vice President, Investor Relations
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New SmartCraft Connect gateway brings VesselView engine data to Garmin multi-function displays
OLATHE, Kan.--(BUSINESS WIRE)--Garmin® International, Inc., a unit of Garmin Ltd. (NASDAQ:GRMN), the world’s largest1 and most innovative marine electronics manufacturer, today announced it has added support for Mercury Marine® VesselView engine data across its ECHOMAP™ Ultra, ECHOMAP UHD* and GPSMAP® series multi-function displays (MFDs).
“We’re pleased to work with Mercury to offer engine data features that our customers and OEMs have been asking for,” said Dan Bartel, Garmin vice president of worldwide sales. “VesselView compatibility gives boaters access to vital Mercury engine information directly on their Garmin display for a more integrated and convenient on-the-water experience.”
Compatible Garmin displays on Mercury-powered boats can receive engine performance data, including rpm, speed, fuel flow, temperature, trim and much more via Mercury’s new SmartCraft Connect gateway, which enables monitoring of up to four engines simultaneously.
“Our VesselView system, available to Garmin users via SmartCraft Connect, keeps track of everything and provides alerts if any engine measurements stray from the norm. That way, boaters can have peace of mind and pay attention to more important things like enjoying their time on the water,” said Rob Hackbarth, Mercury SmartCraft product category director.
VesselView functionality is expected to be available for Garmin customers in the second quarter of 2021. It will require a free software update from Garmin and the purchase of a SmartCraft Connect gateway from Mercury. To learn more, visit mercurymarine.com/smartcraftconnect or garmin.com/support.
Engineered on the inside for life on the outside, Garmin products have revolutionized life for anglers, sailors, mariners and boat enthusiasts everywhere. Committed to developing the most sophisticated marine electronics the industry has ever known, Garmin believes every day is an opportunity to innovate and a chance to beat yesterday. For the sixth consecutive year, Garmin was recently named the Manufacturer of the Year by the National Marine Electronics Association (NMEA). Other Garmin marine brands include Navionics® and Fusion®. For more information, visit Garmin's virtual pressroom at garmin.com/newsroom, contact the Media Relations department at 913-397-8200, or follow us at facebook.com/garmin, twitter.com/garminnews, instagram.com/garmin or youtube.com/garmin.
1 Based on 2019 reported sales
*ECHOMAP UHD 7-, or 9-inch units
About Garmin International, Inc. Garmin International, Inc. is a subsidiary of Garmin Ltd. (Nasdaq: GRMN). Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin, GPSMAP, Navionics and Fusion are registered trademarks and ECHOMAP is a trademark of Garmin Ltd. or its subsidiaries.
Notice on Forward-Looking Statements:
This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management’s current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 26, 2020, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). A copy of such Form 10-K is available at https://www.garmin.com/en-US/company/investors/earnings/. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
Carly Hysell
913-397-8200
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Utility filing on Advanced Metering System submitted to Texas regulators
EL PASO, Texas--(BUSINESS WIRE)--Access to detailed energy use and billing information; quicker response times to power outages; empowered customers with energy-saving tools; and, improved customer service. These benefits will all be part of the new normal for every El Paso Electric (EPE) customer as the Company files its Advanced Metering System (AMS) Deployment Plan today for approval by the Public Utility Commission of Texas (PUCT). With 80 percent of EPE’s service territory located in West Texas, the Company’s Texas service territory will join the rest of the state in offering this technology and its accompanying services to its customers.
“Every other major city in Texas has proven that this technology not only works but goes beyond by empowering customers with information and data on how to improve their energy usage. At the same time, it enables the electric utility to respond quickly to customer demand and outages,” shares EPE CEO Kelly A. Tomblin. “Our intention of introducing AMS to our region is to provide our Texas customers with the energy management tools they deserve that the rest of the state has come to know and enjoy for the last several years. These tools will become even more important as we increase transportation electrification and want to offer dynamic electric prices that provide lower rates during low cost periods.”
With the implementation of AMS technology, EPE will establish the foundation for grid modernization technologies that will enable significant customer benefits. The innovative technology inside advanced meters will allow for two-way communication between meters and EPE, offering customers:
EPE’s AMS Deployment Plan, if approved, will begin with the implementation of data management systems and the installation of the communication network in 2022. Deployment of over 400,000 meters will follow thereafter starting in 2023 with an expected completion in 2025.
About El Paso Electric
El Paso Electric is a regional electric utility providing generation, transmission and distribution service to approximately 443,240 retail and wholesale customers in a 10,000-square mile area of the Rio Grande valley in west Texas and southern New Mexico.
Epelectric.com | Facebook.com/ElPasoElectric | Twitter @ElPasoElectric
Javier C. Camacho
Public Relations Specialist
El Paso Electric Company
C: 915.487.4753
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The company to offer seven $1,000 grants to engage local middle and high schoolers on the region’s growing clean energy sector and highlight the urgency of climate change
NORTHFIELD, Mass.--(BUSINESS WIRE)--In celebration of Earth Day, FirstLight Power, a leading clean power producer and energy storage company, announced today that the company is launching the Valley Climate Champions education grant program. The program was created to engage Franklin County middle and high school teachers and students on the region’s growing clean energy sector and to highlight the urgency of climate change. The program will include a total of seven $1,000 grants available to high school and middle school teachers – one grant for each of the Franklin County school districts and Franklin County Technical School. An additional $2,000 will be awarded to the grant recipient with the best end product presented in the Spring of 2022, chosen by a selection committee.
“As the largest clean energy producer in New England, FirstLight is honored to engage Franklin County teachers and students on the importance of sustainability and increase awareness of climate change through the Valley Climate Champions Program,” said Alicia Barton, CEO of FirstLight. “This new grant program builds on our long-standing investments in educational programming in Franklin County. Through our engagement with local teachers and students, we hope to identify and empower future leaders of our clean energy workforce and encourage conversations around our changing climate and visions for an equitable clean energy future. ”
FirstLight’s Valley Climate Champions Program asks that eligible teachers apply through an online application form by July 30, 2021. In this application, teachers will share their preliminary approach and will outline how they plan to engage students on the positive impact of clean energy on the region, including highlighting local jobs in the renewable energy sector, energy equity, environmental justice, and other relevant topics.
“FirstLight’s Valley Climate Champions Program is an extraordinary way for our local high school and middle school students to build the necessary skills to become the next generation leaders in our fight against climate change and to be part of our region’s clean energy transition,” said Yves Salomon-Fernandez, President of Greenfield Community College (GCC). “GCC is proud to be an advisor to this program, which will allow Franklin County students to weigh in on the important issues facing our communities, including environmental justice, increasing awareness about sustainable technologies and climate science, and exploring the clean energy workforce –a growing industry that employs people right here in the Valley.”
FirstLight is looking for students’ thoughts on how they think these pressing topics are important to them and their communities. The final product can consist of interviews, projects, or another relevant area that is of interest to them; creativity is encouraged! FirstLight will announce the recipients of the grants before the start of the 2021 fall semester.
ABOUT FIRSTLIGHT POWER
FirstLight Power (FirstLight) is a leading clean power producer and energy storage company in New England with a portfolio that includes nearly 1,400 megawatts of pumped-hydro storage, battery storage, hydroelectric generation, and solar generation – the largest clean energy generation portfolio in New England today. Based in Burlington, MA, with operating offices in Northfield, MA and New Milford, CT, FirstLight provides stewardship of and recreational access to 14,000 acres of land and waters along the Connecticut, Housatonic, Shetucket, Still, and Quinebaug Rivers. To learn more, visit www.firstlightpower.com.
Media :
Carter Wall, Manager of Government Affairs and Community Relations
Cell: 413-834-2126, Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Brittany Murphy, Slowey McManus Communications
Cell: 508-826-2817, Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
BOGOTA, Colombia--(BUSINESS WIRE)--GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), an exempted company incorporated under the laws of Bermuda announced today the early tender results of its previously announced (i) tender offer to purchase for cash (the “Tender Offer”) up to US$255,000,000 aggregate principal amount outstanding (the “Maximum Tender Amount”) of its 6.500% Senior Notes due 2024 (the “Notes”) (CUSIP Nos. 37255B AA7 / G38327 AA3 and ISIN Nos. US37255BAA70 / USG38327AA30) and (ii) solicitation of consents (the “Consent Solicitation”) for proposed amendments (the “Proposed Amendments”) to the related indenture (the “Indenture”) under which the Notes were issued. The Tender Offer and the Consent Solicitation are being made on the terms and subject to the conditions set forth in the Offer to Purchase and Consent Solicitation Statement dated April 6, 2021 (as amended, the “Statement”), and related consent and letter of transmittal (the “Letter of Transmittal” and, together with the Statement, the “Offer Documents”). Capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed to them in the Statement.
According to information received from D.F. King & Co., Inc., the information agent (the “Information Agent”) for the Tender Offer and the Consent Solicitation, as of 5:00 p.m., New York City time, on April 19, 2021 (the “Early Tender Deadline”), the Company received Notes validly tendered and Consents representing an aggregate principal amount equal to US$334,233,000 (or 78.64% of the aggregate principal amount outstanding of Notes as of the date of this press release) and therefore has obtained the requisite consents necessary to give effect to the Proposed Amendments. Consequently, the Company expects to execute the second supplemental indenture to the Indenture (the “Second Supplemental Indenture”) effecting the Proposed Amendments on April 20, 2021, or promptly thereafter. The Second Supplemental Indenture will become effective upon its execution and delivery by the Company and the Trustee but will provide that the Proposed Amendments will not become operative until GeoPark has paid the Consent Payment in full.
In accordance with the terms of the Tender Offer and the Consent Solicitation, the Withdrawal Time expired at 5:00 p.m., New York City time, on April 19, 2021. As a result, Notes tendered in the Tender Offer and Consents delivered in the Consent Solicitation cannot be withdrawn or revoked, as applicable, except as may be required by applicable law.
The table below identifies the principal amount of Notes validly tendered in the Tender Offer as of the Early Tender Deadline:
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Notes |
CUSIP /
|
Aggregate
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Maximum
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Aggregate
|
Balance of
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6.500%
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Rule 144A:
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US$425,000,000 |
US$255,000,000 |
US$334,233,000 |
US$0.00 |
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(1) As of April 6, 2021. Upon settlement of the bonds tendered on the Initial Settlement Date, US$170,000,000 aggregate principal amount of the Notes will remain outstanding.
(2) As of the Early Tender Deadline, as reported by the Information Agent for the Tender Offer.
This press release is qualified in its entirety by the Offer Documents.
CONSIDERATION
Holders of Notes validly tendered (and not validly withdrawn) at or prior to the Early Tender Deadline and which are accepted for purchase pursuant to the Tender Offer will be eligible to receive the Total Consideration (as defined in the Statement), which is US$1,050 for each US$1,000 principal amount of Notes. The Total Consideration includes the Tender Offer Consideration (as defined in the Statement), which is US$1,000 for each US$1,000 principal amount of the Notes, plus the Early Tender Payment (as defined in the Statement) of US$50 for each US$1,000 principal amount of Notes which includes an amount in cash equal to US$2 (the “Consent Payment”) for each US$1,000 principal amount of Notes tendered by such Holders of Notes and accepted by the Company for purchase in the Tender Offer. In addition to the Total Consideration, Holders whose Notes are accepted for purchase pursuant to the Tender Offer on the Initial Settlement Date will receive Accrued Interest from the last interest payment date on such purchased Notes up to, but not including, the Initial Settlement Date. Tendered Notes and delivered Consents may no longer be withdrawn or revoked, as applicable, except as may be required by applicable law.
The Tender Offer is scheduled to expire at 11:59 p.m., New York City time, on May 3, 2021, unless extended or earlier terminated by the Company in its sole discretion, subject to applicable law (the “Expiration Time”). Because the Maximum Tender Amount set forth in the table above has been exceeded, if the Company accepts for purchase the Notes validly tendered on or prior to the Early Tender Deadline, the Company expects that any Notes validly tendered and accepted for purchase will be subject to proration and does not expect to purchase any Notes tendered after the Early Tender Deadline.
CONDITIONS
The Company may amend, extend or terminate the Tender Offer and the Consent Solicitation in its sole discretion, subject to applicable law.
The Tender Offer and Consent Solicitation are being made in connection with a concurrent offering of the Company’s 5.500% senior notes due 2027 (the “New Notes”). The Tender Offer and the Consent Solicitation are subject to, and conditioned upon, among other things, the Financing Condition (as defined in the Statement), the Second Supplemental Indenture Condition (as defined in the Statement) and the General Conditions (as defined in the Statement). As of the date of this press release, the Second Supplemental Indenture Condition is expected to be satisfied on April 20, 2021, or promptly thereafter.
SETTLEMENT
Subject to the terms and conditions of the Tender Offer and Consent Solicitation being satisfied or waived, and to the Company’s right to amend, extend, terminate or withdraw the Tender Offer and Consent Solicitation, the Company will make payment of the Total Consideration for all Notes validly tendered (and not validly withdrawn) prior to the Early Tender Deadline that are accepted by the Company on the business day the Company selects promptly following the Early Tender Deadline, or the business day on which the Company waives the conditions for the consummation of the Tender Offer and Consent Solicitation, which is expected to be April 26, 2021 (the “Initial Settlement Date”).
OTHER
This press release is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell any securities. In addition, this press release is not a solicitation of consents with respect to the Proposed Amendment. The Tender Offer and the Consent Solicitation are being made only pursuant to the Offer Documents, copies of which will be delivered to holders of Notes. The Company has retained BofA Securities, Inc., Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC to serve as the dealer managers and solicitation agents for the tender offer. Questions regarding the tender offer may be directed to BofA Securities, Inc. at (888) 292-0070 or (646) 855-8998, Credit Suisse Securities (USA) LLC at (212) 325-2476 or (800) 820-1653, and J.P. Morgan Securities LLC at (866) 834-2045. Requests for documents may be directed to D.F. King & Co., the information agent for the Tender Offer and the Consent Solicitation, the tender agent for the Tender Offer and the tabulation agent for the Consent Solicitation, at (866) 207-3626 (toll-free) or at (212) 269-5550 (collect) or by e-mail at This email address is being protected from spambots. You need JavaScript enabled to view it..
The statement and the related letter of transmittal should be read carefully before a decision is made with respect to the tender offer and consent solicitation. No one of the company, any dealer manager and solicitation agent, the information agent, the tender agent, the tabulation agent or any trustee, paying agent, transfer agent or listing agent, makes any recommendation as to whether or not holders of notes should tender their notes or provide their consents.
The Tender Offer does not constitute, and may not be used in connection with, an offer or solicitation by anyone in any jurisdiction in which such offer or solicitation is not permitted by law or in which the person making such offer or solicitation is not qualified to do so or to any person to whom it is unlawful to make such offer or solicitation.
In any jurisdiction where the securities, blue sky or other laws require tender offers to be made by a licensed broker or dealer and in which the dealer managers, or any affiliates thereof, are so licensed, the tender offer will be deemed to have been made by any such dealer managers, or such affiliates, on behalf of the Company.
The New Notes offered pursuant to the concurrent offering 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 in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act.
The New Notes are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the European Economic Area (“EEA”). For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (as amended, “MiFID II”); (ii) a customer within the meaning of Directive (EU) 2016/97 (the “Insurance Distribution Directive”), where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a qualified investor as defined in Regulation (EU) 2017/1129 (the “Prospectus Regulation”). Consequently, no key information document required by Regulation (EU) No 1286/2014 (as amended, the “PRIIPs Regulation”) for offering or selling the New Notes or otherwise making them available to retail investors in the EEA has been prepared and therefore offering or selling the New Notes or otherwise making them available to any retail investor in the EEA may be unlawful under the PRIIPs Regulation.
The New Notes are not intended to be offered, sold or otherwise made available to, and should not be offered, sold or otherwise made available to, any retail investor in the UK. For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client as defined in point (8) of Article 2 of Regulation (EU) No 2017/565 as it forms part of domestic law by virtue of the EUWA; (ii) a customer within the meaning of the provisions of the Financial Services and Markets Act 2000 (as amended, the “FSMA”) and any rules or regulations made under the FSMA to implement the Insurance Distribution Directive, where that customer would not qualify as a professional client as defined in point (8) of Article 2(1) of Regulation (EU) 600/2014 as it forms part of domestic law by virtue of the EUWA; or (iii) not a qualified investor as defined in Article 2 of the Prospectus Regulation. Consequently, no key information document required by the PRIIPS Regulation as it forms part of domestic law by virtue of the EUWA (the “UK PRIIPs Regulation”) for offering or selling the New Notes or otherwise making them available to retail investors in the UK has been prepared and therefore offering or selling the New Notes or otherwise making them available to any retail investor in the UK may be unlawful under the UK PRIIPs Regulation.
ABOUT GEOPARK
GeoPark is a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Ecuador, Chile, Brazil and Argentina.
FORWARD LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often are preceded by words such as “believes,” “expects,” “may,” “anticipates,” “plans,” “intends,” “assumes,” “will” or similar expressions. The forward-looking statements contained herein include statements about the Tender Offer and the offering of the New Notes. These expectations may or may not be realized. Some of these expectations may be based upon assumptions or judgments that prove to be incorrect. In addition, GeoPark’s business and operations involve numerous risks and uncertainties, many of which are beyond the control of GeoPark, which could result in GeoPark’s expectations not being realized or otherwise materially affect the financial condition, results of operations and cash flows of GeoPark. Some of the factors that could cause future results to materially differ from recent results or those projected in forward-looking statements are described in GeoPark’s filings with the United States Securities and Exchange Commission.
The forward-looking statements are made only as of the date hereof, and GeoPark does not undertake any obligation to (and expressly disclaims any obligation to) update any forward-looking statements to reflect events or circumstances after the date such statements were made, or to reflect the occurrence of unanticipated events. In light of the risks and uncertainties described above, and the potential for variation of actual results from the assumptions on which certain of such forward-looking statements are based, investors should keep in mind that the results, events or developments disclosed in any forward-looking statement made in this document may not occur, and that actual results may vary materially from those described herein, including those described as anticipated, expected, targeted, projected or otherwise.
INVESTORS:
Stacy Steimel, This email address is being protected from spambots. You need JavaScript enabled to view it.
Shareholder Value Director
T: +562 2242 9600
Miguel Bello, This email address is being protected from spambots. You need JavaScript enabled to view it.
Market Access Director
T: +562 2242 9600
Diego Gully, This email address is being protected from spambots. You need JavaScript enabled to view it.
Investor Relations Director
T: +5411 4312 9400
MEDIA:
Communications Department, This email address is being protected from spambots. You need JavaScript enabled to view it.
KANSAS CITY, Mo.--(BUSINESS WIRE)--Kansas City Southern (NYSE: KSU) (“KCS”) today announced that it has received an unsolicited proposal from Canadian National Railway (TSX: CNR, NYSE: CNI) (“CN”) to acquire KCS in a cash and stock transaction valued by CN at $325 per KCS share.
On March 21, 2021, KCS announced that it had entered into a merger agreement with Canadian Pacific Railway Limited (TSX: CP, NYSE: CP) (“CP”), pursuant to which CP agreed to acquire KCS in a stock and cash transaction valued at $275 per KCS share based on the CP and KCS closing prices on March 19, 2021. The transaction is subject to customary closing conditions including receipt of regulatory approvals and the approval of CP and KCS shareholders.
The KCS board of directors will evaluate CN’s proposal in accordance with the terms of KCS’ merger agreement with CP, and will respond in due course. The KCS board of directors has not made any determination with respect to CN’s proposal at this time.
BofA Securities and Morgan Stanley & Co. LLC are serving as financial advisors to Kansas City Southern. Wachtell, Lipton, Rosen & Katz, Baker & Miller PLLC, Davies Ward Phillips & Vineberg LLP, WilmerHale, and White & Case, S.C. are serving as legal counsel to Kansas City Southern.
About Kansas City Southern
Headquartered in Kansas City, Mo., Kansas City Southern (KCS) (NYSE: KSU) is a transportation holding company that has railroad investments in the U.S., Mexico and Panama. Its primary U.S. holding is The Kansas City Southern Railway Company, serving the central and south central U.S. Its international holdings include Kansas City Southern de Mexico, S.A. de C.V., serving northeastern and central Mexico and the port cities of Lázaro Cárdenas, Tampico and Veracruz, and a 50 percent interest in Panama Canal Railway Company, providing ocean-to-ocean freight and passenger service along the Panama Canal. KCS' North American rail holdings and strategic alliances with other North American rail partners are primary components of a unique railway system, linking the commercial and industrial centers of the U.S., Mexico and Canada. More information about KCS can be found at www.kcsouthern.com
Forward Looking Statements and Information
This news release includes certain forward-looking statements and forward-looking information (collectively, FLI). FLI is typically identified by words such as "anticipate", "expect", "project", "estimate", "forecast", "plan", "intend", "target", "believe", "likely" and similar words suggesting future outcomes or statements regarding an outlook. All statements other than statements of historical fact may be FLI.
Although we believe that the FLI is reasonable based on the information available today and processes used to prepare it, such statements are not guarantees of future performance and you are cautioned against placing undue reliance on FLI. By its nature, FLI involves a variety of assumptions, which are based upon factors that may be difficult to predict and that may involve known and unknown risks and uncertainties and other factors which may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by these FLI, including, but not limited to, the following: the timing and completion of the transaction, including receipt of regulatory and shareholder approvals and the satisfaction of other conditions precedent; interloper risk; the realization of anticipated benefits and synergies of the transaction and the timing thereof; the success of integration plans; the focus of management time and attention on the transaction and other disruptions arising from the transaction; estimated future dividends; financial strength and flexibility; debt and equity market conditions, including the ability to access capital markets on favourable terms or at all; cost of debt and equity capital; the previously announced proposed share split of CP's issued and outstanding common shares and whether it will receive the requisite shareholder and regulatory approvals; potential changes in the CP share price which may negatively impact the value of consideration offered to KCS shareholders; the ability of management of CP, its subsidiaries and affiliates to execute key priorities, including those in connection with the transaction; general Canadian, U.S., Mexican and global social, economic, political, credit and business conditions; risks associated with agricultural production such as weather conditions and insect populations; the availability and price of energy commodities; the effects of competition and pricing pressures, including competition from other rail carriers, trucking companies and maritime shippers in Canada, the U.S. and México; industry capacity; shifts in market demand; changes in commodity prices; uncertainty surrounding timing and volumes of commodities being shipped; inflation; geopolitical instability; changes in laws, regulations and government policies, including regulation of rates; changes in taxes and tax rates; potential increases in maintenance and operating costs; changes in fuel prices; disruption in fuel supplies; uncertainties of investigations, proceedings or other types of claims and litigation; compliance with environmental regulations; labour disputes; changes in labour costs and labour difficulties; risks and liabilities arising from derailments; transportation of dangerous goods; timing of completion of capital and maintenance projects; currency and interest rate fluctuations; exchange rates; effects of changes in market conditions and discount rates on the financial position of pension plans and investments; trade restrictions or other changes to international trade arrangements; the effects of current and future multinational trade agreements on the level of trade among Canada, the U.S. and México; climate change and the market and regulatory responses to climate change; anticipated in-service dates; success of hedging activities; operational performance and reliability; customer, shareholder, regulatory and other stakeholder approvals and support; regulatory and legislative decisions and actions; the adverse impact of any termination or revocation by the Méxican government of Kansas City Southern de México, S.A. de C.V.'s Concession; public opinion; various events that could disrupt operations, including severe weather, such as droughts, floods, avalanches and earthquakes, and cybersecurity attacks, as well as security threats and governmental response to them, and technological changes; acts of terrorism, war or other acts of violence or crime or risk of such activities; insurance coverage limitations; material adverse changes in economic and industry conditions, including the availability of short and long-term financing; and the pandemic created by the outbreak of COVID-19 and resulting effects on economic conditions, the demand environment for logistics requirements and energy prices, restrictions imposed by public health authorities or governments, fiscal and monetary policy responses by governments and financial institutions, and disruptions to global supply chains.
We caution that the foregoing list of factors is not exhaustive and is made as of the date hereof. Additional information about these and other assumptions, risks and uncertainties can be found in reports and filings by CP and KCS with Canadian and U.S. securities regulators, including any proxy statement, prospectus, material change report, management information circular or registration statement to be filed in connection with the transaction. Due to the interdependencies and correlation of these factors, as well as other factors, the impact of any one assumption, risk or uncertainty on FLI cannot be determined with certainty.
Except to the extent required by law, we assume no obligation to publicly update or revise any FLI, whether as a result of new information, future events or otherwise. All FLI in this news release is expressly qualified in its entirety by these cautionary statements.
ADDITIONAL INFORMATION ABOUT THE TRANSACTION AND WHERE TO FIND IT
CP will file with the U.S. Securities and Exchange Commission (SEC) a registration statement on Form F-4, which will include a proxy statement of KCS that also constitutes a prospectus of CP, and any other documents in connection with the transaction. The definitive proxy statement/prospectus will be sent to the shareholders of KCS. CP will also file a management proxy circular in connection with the transaction with applicable securities regulators in Canada and the management proxy circular will be sent to CP shareholders. INVESTORS AND SHAREHOLDERS OF KCS AND CP ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS AND MANAGEMENT PROXY CIRCULAR, AS APPLICABLE, AND ANY OTHER DOCUMENTS FILED OR TO BE FILED WITH THE SEC OR APPLICABLE SECURITIES REGULATORS IN CANADA IN CONNECTION WITH THE TRANSACTION WHEN THEY BECOME AVAILABLE, AS THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT KCS, CP, THE TRANSACTION AND RELATED MATTERS. The registration statement and proxy statement/prospectus and other documents filed by CP and KCS with the SEC, when filed, will be available free of charge at the SEC's website at www.sec.gov. In addition, investors and shareholders will be able to obtain free copies of the registration statement, proxy statement/prospectus, management proxy circular and other documents which will be filed with the SEC and applicable securities regulators in Canada by CP online at investor.cpr.ca and www.sedar.com, upon written request delivered to CP at 7550 Ogden Dale Road S.E., Calgary, Alberta, T2C 4X9, Attention: Office of the Corporate Secretary, or by calling CP at 1-403-319-7000, and will be able to obtain free copies of the proxy statement/prospectus and other documents filed with the SEC by KCS online at www.investors.kcsouthern.com, upon written request delivered to KCS at 427 West 12th Street, Kansas City, Missouri 64105, Attention: Corporate Secretary, or by calling KCS's Corporate Secretary's Office by telephone at 1-888-800-3690 or by email at This email address is being protected from spambots. You need JavaScript enabled to view it..
You may also read and copy any reports, statements and other information filed by KCS and CP with the SEC at the SEC public reference room at 100 F Street N.E., Room 1580, Washington, D.C. 20549. Please call the SEC at 1-800-732-0330 or visit the SEC's website for further information on its public reference room. This communication shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to appropriate registration or qualification under the securities laws of such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended.
PARTICIPANTS IN THE SOLICITATION OF PROXIES
This communication is not a solicitation of proxies in connection with the transaction. However, under SEC rules, CP, KCS, and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies in connection with the transaction. Information about CP's directors and executive officers may be found in its 2021 Management Proxy Circular, dated March 10, 2021, as well as its 2020 Annual Report on Form 10-K filed with the SEC and applicable securities regulators in Canada on February 18, 2021, available on its website at investor.cpr.ca and at www.sedar.com and www.sec.gov. Information about KCS's directors and executive officers may be found on its website at www.kcsouthern.com and in its 2020 Annual Report on Form 10-K filed with the SEC on January 29, 2021, available at www.investors.kcsouthern.com and www.sec.gov. These documents can be obtained free of charge from the sources indicated above. Additional information regarding the interests of such potential participants in the solicitation of proxies in connection with the transaction will be included in the proxy statement/prospectus and management proxy circular and other relevant materials filed with the SEC and applicable securities regulators in Canada when they become available.
Media
C. Doniele Carlson
Tel: 816-983-1372
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Tim Lynch / Ed Trissel
Joele Frank, Wilkinson Brimmer Katcher
Tel: 212-355-4449
Investment Community
Ashley Thorne
Tel: 816-983-1530
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Dan Burch
MacKenzie Partners, Inc.
Tel: 212-929-5748
Additions strengthens leadership in the areas of Governance, Structuring and Investor Relations
LONDON--(BUSINESS WIRE)--#ESG--Altica Partners, a leading Africa-focused investment firm that provides credit strategies to Impact and ESG conscious institutional investors announced today, the appointment of Andrew Ofori as a Partner of the firm and a member of its investment committee. Andrew will lead Private Credit investments and expand the firm’s strategies targeting fast growing businesses in Africa.
Prior to Altica Partners, Andrew worked at Standard Chartered as the MEA Head of Structured Credit and Head of Private Side Structuring, where he led structured financings, Private debt and Derivative funding transactions. He was previously at Goldman Sachs, in Emerging Market Financing and European Special Situations, where he led private capital investments and executed numerous private lending transactions.
“We are delighted to welcome Andrew who brings two decades experience in Emerging and Developed markets credit” said Ebele Okeke, Managing Partner and CEO. “I am excited to continue the partnership we began at Goldman Sachs and his expertise in structuring, monitoring and risk management of private credit portfolios will be invaluable at Altica Partners”. Ofori will work on the flagship Africa Opportunities Fund targeting Senior, Mezzanine and Uni-tranche investments in high-growth businesses accelerating the pandemic recovery of Africa’s private sector.
The firm also announced new members of its Senior Advisory Board:
Andrew Gamble, consultant and non-executive director. During a long career as a lawyer and partner at Hogan Lovells LLP, his roles included head of the Africa and international banking practices where he advised the Governments of Sierra Leone, Mozambique and Ethiopia on their World Bank debt reduction programmes, Nigeria on its Paris Club and London Club Debts, and Ghana on the issue of inflation index-linked government bonds. He sits on the board of Zenith Bank UK and is chairman of a Singaporean start-up focused on B2B between Asia and Africa. He was previously an independent board director of Afreximbank and sits on the Governing Council of the Pan-African Payment and Settlement System.
Nick Tims, founder of Kivu Capital, an African Advisory firm and former Managing Director at Investec Asset Management (now Ninety-One Plc). Nick brings 30 years of financial services experience and led Investec’s capital raising in African private markets across Private Debt, Private Equity, Infrastructure Credit and Private Real Estate. He was previously Managing Director at Bank of America Merrill Lynch, as head of equity sales in London. He sits on the boards of three Africa-focused wildlife conservation organisations.
About Altica Partners
Altica Partners is a leading Africa-focused, multi-sector investment and advisory firm that invests in Public and Private Credit markets with differentiated strategies focused on generating returns with a focus on downside risk mitigation. Altica Risk Advisory commits intellectual and human capital to help companies grow and succeed in Africa by leveraging the firm’s regional experience in structuring, deploying capital and risk management.
More information at alticapartners.com and on LinkedIn @AlticaPartners.
Media Relations
Nicola Cuff
+44(0)207 019 9010
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HOUSTON--(BUSINESS WIRE)--Ranger Energy Services, Inc. (NYSE:RNGR) (the “Company”) will delay its first quarter 2021 earnings conference call, previously scheduled on April 23, 2021. Ranger will now report first quarter 2021 financial and operating results after the market closes for trading on May 5, 2021. Following the announcement, the Company’s management will host a first quarter 2021 earnings conference call in the morning of May 6, 2021 at 11:00 a.m. Eastern time (10:00 a.m. Central time).
Interested parties are invited to participate on the call by dialing 1-833-255-2829, or 1-412-902-6710 for international calls, (request to join the Ranger Energy Services call) or via the Company’s website at www.rangerenergy.com. A replay of the conference call will be available following the call and can be accessed from www.rangerenergy.com.
About Ranger Energy Services, Inc.
Ranger Energy Services, Inc. is an independent provider of well service rigs and associated services in the United States, with a focus on unconventional horizontal well completion and production operations. The Company also provides non-rig well services that are necessary to bring and maintain a well on production.
Ranger Energy Services, Inc.
J. Brandon Blossman, (713) 935-8900
Chief Financial Officer
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NEWPORT BEACH, Calif.--(BUSINESS WIRE)--$CLNE--Clean Energy Fuels Corp. (Nasdaq: CLNE) today announced that it has signed an agreement with Amazon (Nasdaq: AMZN) to provide low and negative carbon renewable natural gas (RNG). The fuel will be provided at 27 existing Clean Energy fueling stations and another 19 non-exclusive new or upgraded Clean Energy-owned stations that Clean Energy expects to be constructed by the end of the year. The new and existing stations will provide RNG in 15 different states.
“If the world is really going to tackle the issue of climate change, all of us need to find solutions that work both environmentally and economically, and that is exactly what this agreement supports,” said Andrew J. Littlefair, CEO and president of Clean Energy. “Clean Energy was the first to commercially make RNG available as a vehicle fuel in 2013 and now fuels tens of thousands of vehicles across the country every day.”
In addition, the company has issued a warrant to Amazon. For more information, refer to Clean Energy’s Form 8-K.
About Clean Energy
Clean Energy Fuels Corp. is the country’s leading provider of the cleanest fuel for the transportation market. Through its sales of renewable natural gas (RNG), which is derived from biogenic methane produced by the breakdown of organic waste, Clean Energy allows thousands of vehicles, from airport shuttles to city buses to waste and heavy-duty trucks, to reduce their amount of climate-harming greenhouse gas from 60% to over 400% depending on the source of the RNG, according to the California Air Resources Board. Clean Energy can deliver RNG through compressed natural gas (CNG) and liquefied natural gas (LNG) to its network of fueling stations across the U.S. Clean Energy builds CNG and LNG fueling stations for the transportation market, operates a network of 565 stations across the U.S. and Canada, owns natural gas liquefaction facilities in California and Texas, and transports bulk CNG and LNG to non-transportation customers around the U.S. For more information, visit www.cleanenergyfuels.com and follow @CE_NatGas on Twitter.
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that involve risks, uncertainties, and assumptions, including without limitation statements about the benefits of RNG, the number of new and existing stations, and the warrant issued to Amazon. Actual results and the timing of events could differ materially from those anticipated in these forward-looking statements. The forward-looking statements made herein speak only as of the date of this press release and, unless otherwise required by law, Clean Energy undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. Additionally, the reports and other documents Clean Energy files with the SEC (available at www.sec.gov) contain risk factors, which may cause actual results to differ materially from the forward-looking statements contained in this news release.
Clean Energy Contact:
Raleigh Gerber
949-437-1397
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Investors Contact:
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