ORANGE, Conn.--(BUSINESS WIRE)--Today AVANGRID, Inc. (NYSE:AGR) announced that its Board of Directors declared a quarterly dividend of $0.44 per share on its Common Stock. This dividend is payable July 1, 2021 to shareholders of record at the close of business on June 4, 2021.
About AVANGRID: AVANGRID, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $38 billion in assets and operations in 24 U.S. states, AVANGRID has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Avangrid Renewables owns and operates a portfolio of renewable energy generation facilities across the United States. AVANGRID employs approximately 7,000 people and has been recognized by Forbes and Just Capital as one of the 2021 JUST 100 companies – a list of America’s best corporate citizens – and was ranked number one within the utility sector for its commitment to the environment and the communities it serves. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2021 for the third consecutive year by the Ethisphere Institute. For more information, visit www.avangrid.com.
Investors
Patricia Cosgel
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203.499.2624
The global penetration of smart meters is expected to climb from approximately 44% at the end of 2020 to 56% by the end of 2028, resulting in over 1.2 billion devices globally
BOULDER, Colo.--(BUSINESS WIRE)--#AI--A new Leaderboard report from Guidehouse Insights examines the strategy and execution of 12 smart meter analytics vendors, with Oracle, Landis+Gyr, and Itron ranked as the leading market players.
Smart meters, often considered the original smart grid device, have been used by utilities seeking benefits around billing, outage, and workforce considerations. In recent years, data analytics have emerged to provide additional value-adds in areas such as grid optimization, customer experience (CX), distributed energy resources (DER) integration, and more. Click to tweet: According to a new Leaderboard report from @WeAreGHInsights, Oracle, Landis+Gyr, and Itron are the leading smart meter analytics providers.
“The depth of Oracle’s smart meter software solution portfolio outranks the competition with features such as meter data management, grid analytics, customer analytics, and an IT/OT portfolio,” says Michael Kelly, senior research analyst with Guidehouse Insights. “Along with Itron, Landis+Gyr is the only other profiled vendor with an end-to-end portfolio of AMI solutions, including a head end system (HES), a meter data management system (MDMS), smart meters, and analytics.”
Drivers for smart meter analytics in the utility market are abundant and evolving rapidly as smart meters continue to saturate the market, new use cases are explored, market competition increases, and grid and data management become increasingly paramount. According to the report, the global penetration of smart meters is expected to climb from approximately 44% at the end of 2020 to 56% by the end of 2028, resulting in over 1.2 billion devices globally by the end of the forecast period. Furthermore, the growing number of second-generation smart meter projects are expected to rely heavily on advanced smart meter analytics to maximize the value of these deployments.
The report, Guidehouse Insights Leaderboard: Smart Meter Analytics, provides an overview of the companies involved in the smart meter analytics market and their Strategy and Execution in developing, marketing, and delivering these solutions. Companies are compared based on 10 criteria: vision; go-to-market strategy; partners; technology; geographic reach; sales, marketing, and distribution; product performance; product portfolio; pricing; and staying power. Company ratings capture the vendor’s standing at the time of the report and are not a retrospective of past accomplishment or an indication of future success. In this market, ratings are likely to shift as companies consolidate and switch focus and smart meter analytics applications continue to evolve. An executive summary of the report is available for free download on the Guidehouse Insights website.
About Guidehouse Insights
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today’s rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.
About Guidehouse
Guidehouse is a leading global provider of consulting services to the public and commercial markets with broad capabilities in management, technology, and risk consulting. We help clients address their toughest challenges and navigate significant regulatory pressures with a focus on transformational change, business resiliency, and technology-driven innovation. Across a range of advisory, consulting, outsourcing, and digital services, we create scalable, innovative solutions that prepare our clients for future growth and success. The company has more than 8,000 professionals in over 50 locations globally. Guidehouse is a Veritas Capital portfolio company, led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets, and agenda-setting issues driving national and global economies. For more information, please visit: www.guidehouse.com.
* The information contained in this press release concerning the report, Guidehouse Insights Leaderboard: Smart Meter Analytics, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.
Lindsay Funicello-Paul
+1.781.270.8456
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NEW YORK--(BUSINESS WIRE)--$CXP #CRE--Columbia Property Trust, Inc. (NYSE: CXP) is proud to announce that it has received the 2021 ENERGY STAR Partner of the Year Award from the U.S. Environmental Protection Agency and the U.S. Department of Energy.
ENERGY STAR has been an important partner in Columbia’s efforts to achieve optimal building performance and efficiency. Columbia tracks the performance of its entire portfolio through ENERGY STAR Portfolio Manager and has committed to ensuring that all eligible buildings qualify for and receive certification in the program. In 2020, 100% of the eligible properties in Columbia’s portfolio earned ENERGY STAR certification, with an average ENERGY STAR score of 80 across our portfolio (as of December 31, 2020).
Columbia recognizes that its tenants also play a vital role in energy-efficiency and sustainability efforts and actively encourages them to participate in energy management best practices. The company’s property management teams utilize multiple communication channels to partner with tenants on ways to reduce energy consumption and the carbon footprint of their buildings.
“Since our company’s inception, we have been committed to operating in a responsible and efficient manner, which we believe is in the best interest of all our stakeholders,” said Nelson Mills, Columbia’s Chief Executive Officer. “More recently, we have taken significant steps to improve our tracking and reporting capabilities, to ensure we are capturing these long-standing efforts and identifying opportunities for further improvement, as well as to engage our tenants in our work to advance energy and water efficiency across our portfolio. We are proud to have these efforts recognized, and we look forward to continuing to support ENERGY STAR’s goals and achieve recognition for our exceptional performance in the years ahead.”
“ENERGY STAR award-winning partners are showing the world that delivering real climate solutions makes good business sense and promotes job growth,” said EPA Administrator Michael S. Regan. “Many of them have been doing it for years, inspiring all of us who are committed to tackling the climate crisis and leading the way to a clean energy economy.”
Each year, the ENERGY STAR program honors a group of businesses and organizations that have made outstanding contributions to protecting the environment through superior energy achievements. ENERGY STAR Award Winners lead their industries in the production, sale, and adoption of energy-efficient products, services, and strategies. These efforts are essential to fighting the climate crisis and protecting public health.
Winners are selected from a network of thousands of ENERGY STAR partners. For a complete list of 2021 winners and more information about ENERGY STAR’s awards programs, visit energystar.gov/awardwinners.
About Columbia Property Trust
Columbia Property Trust (NYSE: CXP) creates storied properties for legendary companies in New York, San Francisco, Washington D.C., and Boston. The Columbia team is deeply experienced in transactions, asset management and repositioning, leasing, development, and property management. It employs these competencies to grow value across its high-quality, well-leased office portfolio of 15 properties that contain more than six million rentable square feet, as well as four properties under development, and also has more than eight million square feet under management for private investors and third parties. Columbia has investment-grade ratings from both Moody’s and S&P Global Ratings. For more information, please visit www.columbia.reit.
About ENERGY STAR
ENERGY STAR® is the government-backed symbol for energy efficiency, providing simple, credible, and unbiased information that consumers and businesses rely on to make well-informed decisions. Thousands of industrial, commercial, utility, state, and local organizations—including more than 40 percent of the Fortune 500®—rely on their partnership with the U.S. Environmental Protection Agency (EPA) to deliver cost-saving energy efficiency solutions. Since 1992, ENERGY STAR and its partners helped American families and businesses avoid more than $450 billion in energy costs and achieve 4 billion metric tons of greenhouse gas reductions. More background information about ENERGY STAR can be found at: https://www.energystar.gov/about and https://www.energystar.gov/about/origins_mission/energy_star_numbers
Forward-Looking Statements:
Certain statements in this press release, including statements regarding future business operations, may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on management’s current expectations and involve a number of risks and uncertainties. Our actual results may differ materially from projections. For a discussion of some of the risks and uncertainties that could cause actual results to differ materially from those presented in our forward-looking statements, see Columbia Property Trust’s filings with the Securities and Exchange Commission, including the most recent annual report on Form 10-K. We caution readers not to place undue reliance on these forward-looking statements, which are based on current expectations and speak as of the date of such statements. We make no representations or warranties (express or implied) about the accuracy of, nor do we intend to publicly update or revise any such forward-looking statements contained herein, whether as a result of new information, future events, or otherwise.
Investor Relations Contact:
Matt Stover
T 404 465 2227
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DUBLIN--(BUSINESS WIRE)--The "Oil and Gas Logistics Market in EMEA 2021-2025" report has been added to ResearchAndMarkets.com's offering.
The oil and gas logistics market in EMEA is poised to grow by $383.91 mn during 2021-2025 progressing at a CAGR of 2%.
The market is driven by the growing crude oil production in EMEA and shifting freight from over-the-road to intermodal.
The report on oil and gas logistics market in EMEA provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current EMEA market scenario, latest trends and drivers, and the overall market environment. The oil and gas logistics market in EMEA market analysis includes type segment and geographical landscapes.
This study identifies the rise in demand for contract logistics services in oil and gas industry as one of the prime reasons driving the oil and gas logistics market in EMEA growth during the next few years.
The publisher robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading oil and gas logistics market in EMEA vendors that include Achilles Information Ltd., Agility Public Warehousing Company KSCP, BDP International Inc., Bollore SA, Schenker AG, DHL International GmbH, DSV Panalpina A/S, Gulf Agency Co. Ltd., Kuehne + Nagel International AG, and NOATUM HOLDINGS SLU.
Also, the oil and gas logistics market in EMEA analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Key Topics Covered:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Type of transportation
Customer Landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
For more information about this report visit https://www.researchandmarkets.com/r/6dixz3
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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2021 Honor Marks Fourth Consecutive Year of Recognition for Company
NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) today announced that it received the 2021 ENERGY STAR® Partner of the Year Sustained Excellence Award for its outstanding efforts in energy management. This is the fourth consecutive year that OPI has achieved Partner of the Year recognition and the second year OPI has earned the Sustained Excellence designation in the Energy Management category. Currently, 46 buildings in OPI’s portfolio are ENERGY STAR certified.
The ENERGY STAR Partner of the Year award recognizes ENERGY STAR partner businesses and organizations in good standing that demonstrate superior leadership, innovation, and commitment to environmental protection through energy efficiency and ENERGY STAR. The Sustained Excellence award is the highest honor bestowed by the ENERGY STAR program and winners are part of a distinguished group that has made a long-term commitment to fighting climate change and protecting public health through energy efficiency. They are among the nation’s leaders in driving value for the environment, the economy and the American people.
Chris Bilotto, President and Chief Operating Officer of OPI provided the following comments:
“We are proud to be honored as an Energy Star Partner of the Year for the fourth year in a row. Our energy management efforts underscore our commitment to environmental stewardship, limiting our carbon footprint and continued execution of our sustainability initiatives.”
Winners are selected from a network of thousands of ENERGY STAR partners. For a complete list of 2021 winners and more information about ENERGY STAR’s awards program, visit energystar.gov/awardwinners.
All properties owned by OPI are managed by the majority owned operating subsidiary of The RMR Group Inc. (Nasdaq: RMR). The RMR Group provides property management services nationwide for nearly 1,300 properties with approximately 92 million square feet of office, industrial, medical office, life science and retail space. RMR exclusively provides property management services to its managed clients and does not offer stand-alone property management services to third-parties. RMR has also been honored with a 2021 ENERGY STAR® Partner of the Year for Sustained Excellence Award.
About Office Properties Income Trust
Office Properties Income Trust is a real estate investment trust, or REIT, which primarily owns properties located throughout the United States and leased to single tenants and those with high credit quality characteristics like government entities. OPI is managed by the operating subsidiary of The RMR Group Inc. (Nasdaq: RMR), an alternative asset management company that is headquartered in Newton, MA.
About The RMR Group Inc.
The RMR Group Inc. (Nasdaq: RMR) is a holding company and substantially all of its business is conducted by its majority owned subsidiary, The RMR Group LLC, or RMR. RMR is a leading U.S. alternative asset management company, unique for its focus on commercial real estate (CRE) and related businesses. RMR’s vertical integration is buttressed by its more than 600 real estate professionals in over 30 offices nationwide who manage $32 billion in assets under management and leverage 35 years of institutional experience in buying, selling, financing and operating CRE. RMR is headquartered in Newton, MA and was founded in 1986. For more information, please visit www.rmrgroup.com.
About ENERGY STAR
ENERGY STAR® is the government-backed symbol for energy efficiency, providing simple, credible, and unbiased information that consumers and businesses rely on to make well-informed decisions. Thousands of industrial, commercial, utility, state, and local organizations—including more than 40 percent of the Fortune 500®—rely on their partnership with the U.S. Environmental Protection Agency (EPA) to deliver cost-saving energy efficiency solutions. Since 1992, ENERGY STAR and its partners helped American families and businesses avoid more than $450 billion in energy costs and achieve 4 billion metric tons of greenhouse gas reductions. More background information about ENERGY STAR can be found at: energystar.gov/about and energystar.gov/numbers.
A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the Nasdaq.
No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.
Olivia Snyder, Manager, Investor Relations
(617) 219-1410
www.opireit.com
5% Reduction in CO2 Emissions Also Verified in Low-Load Cycle
COLUMBUS, Ind. & SAN JOSE, Calif.--(BUSINESS WIRE)--#SAE--Cummins Inc. (NYSE: CMI) and Tula Technology, Inc., a leader in propulsion efficiency, announced today at the Society of Automotive Engineers World Congress in Detroit the results of their collaborative study on the effectiveness of Tula’s diesel Dynamic Skip Fire (dDSF™) in reducing nitrogen oxides (NOx) and carbon dioxide (CO2) emissions on a Cummins X15 HD Efficiency Series diesel engine.
Low-load cycle performance was estimated with a well-calibrated powertrain simulation tool to accurately capture the low-load system operation and emissions. This system showed a 74 percent reduction in NOx and a 5 percent reduction in CO2 compared with today’s clean diesel technologies. In comparison with current engine technologies and modifications to the thermal management techniques, dDSF saved 20% in fuel, validating dDSF as a more fuel-efficient means of reducing NOx.
Cummins and Tula demonstrated the positive dDSF results in a Class 8 truck powered by a Cummins X15 HD engine. The dDSF test results highlight a promising technical advancement for an industry seeking strategies to address future, more stringent NOx emissions regulations for diesel engines.
“Our mission at Cummins is to make people’s lives better by powering a more prosperous world, and we accomplish this through innovation,” said Lisa Farrell, Director, Accelerated Technology Center for Cummins Inc. “Tula’s dDSF technology provides significant benefits to reducing NOx and CO2 emissions under low-load vehicle operation, which will aid our efforts to produce more reliable, more powerful engines while meeting our environmental goals.”
“NOx standards are becoming progressively more stringent for diesel engines, and meeting those standards is increasingly challenging, even for a class-leading, efficient engine like the Cummins X15 HD,” said R. Scott Bailey, president and CEO of Tula Technology. “Our dDSF is a powerful and unique technology that enables original equipment manufacturers to significantly reduce NOx emissions that contribute to smog while simultaneously reducing fuel consumption and greenhouse gas production. We appreciate the opportunity to work with Cummins to demonstrate the capability of our technology.”
Dynamic Skip Fire is an advanced cylinder deactivation control strategy that makes decisions for an engine’s cylinders on an individual basis to best meet torque demands while saving fuel and maintaining performance. Tula’s original Dynamic Skip Fire (DSF®) software has been shown to significantly reduce CO2 emissions in gasoline engines and has been in production since 2018 with more than one million vehicles on the road. dDSF is the Dynamic Skip Fire application for diesel engines.
About Cummins Inc.
Cummins Inc., a global power leader, is a corporation of complementary business segments that design, manufacture, distribute and service a broad portfolio of power solutions. The company’s products range from diesel, natural gas, electric and hybrid powertrains and powertrain-related components including filtration, aftertreatment, turbochargers, fuel systems, controls systems, air handling systems, automated transmissions, electric power generation systems, batteries, electrified power systems, hydrogen generation and fuel cell products. Headquartered in Columbus, Indiana (U.S.), since its founding in 1919, Cummins employs approximately 57,825 people committed to powering a more prosperous world through three global corporate responsibility priorities critical to healthy communities: education, environment and equality of opportunity. Cummins serves its customers online, through a network of company-owned and independent distributor locations, and through thousands of dealer locations worldwide and earned about $1.8 billion on sales of $19.8 billion in 2020. See how Cummins is powering a world that’s always on by accessing news releases and more information at https://www.cummins.com/always-on.
About Tula Technology, Inc.
Silicon Valley-based Tula Technology provides innovative award-winning software controls to optimize propulsion efficiency and emissions across the mobility spectrum, including gasoline-powered, diesel, alternative fuel, hybrid, and electric vehicles. Tula’s culture of innovation has resulted in breakthrough technology and a robust global patent portfolio of more than 340 patents issued and pending. Tula Technology is a privately held company backed by Sequoia Capital, Sigma Partners, Khosla Ventures, GM Ventures, BorgWarner and Franklin Templeton. More information is available at www.tulatech.com.
Cummins Inc.
Jon Mills
Director, External Communications
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Tula Technology, Inc.
Ram Subramanian
Principal Marketing Strategist
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Media:
Financial Profiles, Inc.
Debbie Douglas
Senior Vice President
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(949) 375-3436
MILWAUKEE--(BUSINESS WIRE)--Physicians Realty Trust (NYSE: DOC) (the “Company,” the “Trust,” “we,” “our” and “us”), a self-managed health care real estate investment trust, is proud to announce that we have earned a 2021 ENERGY STAR® Partner of the Year Award from the U.S. Environmental Protection Agency and the U.S. Department of Energy.
“This recognition is a testament to the long-time commitment we have made to elevating Environmental, Social, and Governance (ESG) principles across all facets of our business,” said John Thomas, President & Chief Executive Officer. “At DOC, we have long believed that we have a responsibility to make a difference in the lives of our team members, investors, health care partners, and those who visit our properties, while also contributing to a more sustainable future for generations to come. While we celebrate today’s announcement, we recognize that it is not the culmination of our efforts, but another important step forward as we continue to invest in better for our communities and be leaders in ESG performance within the health care real estate industry.”
Earning an ENERGY STAR Partner of the Year Award distinguishes corporate energy management programs and is the highest level of EPA recognition. Partners must perform at a superior level of energy management, demonstrate best practices across the organization, prove organization-wide energy savings, and communicate the benefits of ENERGY STAR. ENERGY STAR Award Winners lead their industries in the adoption of energy-efficient products, services, and strategies. These efforts are essential to fighting the climate crisis and protecting public health.
“ENERGY STAR award-winning partners are showing the world that delivering real climate solutions makes good business sense and promotes job growth,” said EPA Administrator Michael S. Regan. “Many of them have been doing it for years, inspiring all of us who are committed to tackling the climate crisis and leading the way to a clean energy economy.”
As an ENERGY STAR partner since 2014, DOC has made an ongoing and long-term commitment to incorporate better environmental impact principles into our business thoughtfully and responsibly. In 2020, those efforts were highlighted by the publication of our inaugural ESG report (https://www.docreit.com/esg/), which detailed our implementation of a comprehensive, three-year commitment to reduce energy, emissions, and water usage by 10% over our 2018 base year, as well as a 10% increase in waste diversion. DOC has also made great strides in working with our health care partners to pursue low- or no-cost economic efficiencies across our portfolio, while leveraging an expanding array of building data – including utilizing ENERGY STAR Portfolio Manager – to prioritize capital improvement projects with the greatest environmental and financial impact.
ENERGY STAR award winners are selected from a network of thousands of ENERGY STAR partners. For a complete list of 2021 winners and more information about ENERGY STAR’s awards program, visit energystar.gov/awardwinners.
About ENERGY STAR®
ENERGY STAR® is the government-backed symbol for energy efficiency, providing simple, credible, and unbiased information that consumers and businesses rely on to make well-informed decisions. Thousands of industrial, commercial, utility, state, and local organizations – including more than 40 percent of the Fortune 500® – rely on their partnership with the U.S. Environmental Protection Agency (EPA) to deliver cost-saving energy efficiency solutions. Since 1992, ENERGY STAR and its partners helped American families and businesses avoid more than $450 billion in energy costs and achieve 4 billion metric tons of greenhouse gas reductions. More background information about ENERGY STAR can be found at: https://www.energystar.gov/about and https://www.energystar.gov/about/origins_mission/impacts
About Physicians Realty Trust
Physicians Realty Trust is a self-managed health care real estate company organized to acquire, selectively develop, own and manage health care properties that are leased to physicians, hospitals and health care delivery systems. The Company invests in real estate that is integral to providing high quality health care. The Company is a Maryland real estate investment trust and has elected to be taxed as a REIT for U.S. federal income tax purposes. The Company conducts its business through an UPREIT structure in which its properties are owned by the Operating Partnership, directly or through limited partnerships, limited liability companies or other subsidiaries.
Physicians Realty Trust
John T. Thomas
President and CEO
(214) 549-6611
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Jeffrey N. Theiler
Executive Vice President and CFO
(414) 367-5610
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CANONSBURG, Pa.--(BUSINESS WIRE)--#ETRN--Equitrans Midstream Corporation (NYSE: ETRN) will release its first quarter 2021 earnings on Tuesday, May 4, 2021 and will also host a conference call with analysts and investors at 10:30 am (ET). A brief Q&A session for ETRN security analysts will immediately follow the results discussion.
Call Access: All participants must pre-register online, in advance of the call. Upon completion, registered participants will receive a confirmation email that includes instructions for accessing the call, as well as a unique registration ID and passcode. Please pre-register using the appropriate online registration links below:
Security Analysts :: Audio Registration
Your email confirmation will contain dial-in information, along with your unique ID and passcode.
All Other Participants :: Webcast Registration
Your email confirmation will contain the webcast link assigned to your registration.
An updated investor presentation will be available on ETRN’s Investor Relations website the day of the call.
Call Replay: For 14 days following the call, an audio replay will be available at (800) 585-8367 or (416) 621-4642. Conference ID: 2864556
About Equitrans Midstream Corporation
Equitrans Midstream Corporation (ETRN) has a premier asset footprint in the Appalachian Basin and, as the parent company of EQM Midstream Partners, is one of the largest natural gas gatherers in the United States. Through its strategically located assets in the Marcellus and Utica regions, ETRN has an operational focus on gas transmission and storage systems, gas gathering systems, and water services that support natural gas development and production across the Basin. With a rich 135-year history in the energy industry, ETRN was launched as a standalone company in 2018 with the vision to be the premier midstream services provider in North America. ETRN is helping to meet America’s growing need for clean-burning energy, while also providing a rewarding workplace and enriching the communities where its employees live and work.
For more information on Equitrans Midstream Corporation, visit www.equitransmidstream.com; and to learn more about our environmental, social, and governance practices visit ETRN Sustainability Reporting.
Source: Equitrans Midstream Corporation
Analyst/Investor inquiries:
Nate Tetlow – Vice President, Corporate Development and Investor Relations
412-553-5834
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Media inquiries:
Natalie A. Cox – Communications and Corporate Affairs
412-395-3941
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ABERDEEN, Scotland--(BUSINESS WIRE)--KNOT Offshore Partners LP (NYSE:KNOP) (“The Partnership”)
Distribution
The Partnership announced today that its Board of Directors has declared a quarterly cash distribution with respect to the quarter ended March 31, 2021, of $0.52 per unit.
This corresponds to $2.08 per outstanding unit on an annualized basis.
This cash distribution will be paid on May 13, 2021 to all unitholders of record as of the close of business on April 29, 2021.
About KNOT Offshore Partners LP
KNOT Offshore Partners LP owns, operates and acquires shuttle tankers under long-term charters in the offshore oil production regions of the North Sea and Brazil. KNOT Offshore Partners LP is structured as a publicly traded master limited partnership. KNOT Offshore Partners LP’s common units’ trade on the New York Stock Exchange under the symbol “KNOP”.
Forward looking statements
This press release includes statements that may constitute forward-looking statements. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management’s control. Factors that can affect future results are discussed in the Annual Report on Form 20-F filed by the Partnership with SEC. The Partnership undertakes no obligation to update or revise any forward-looking statement to reflect new information or events.
KNOT Offshore Partners LP
Gary Chapman
Chief Executive Officer and Chief Financial Officer
Tel: +44 7496 170 620
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
NEW YORK--(BUSINESS WIRE)--Tuscan Holdings Corp. (NASDAQ: THCB) (the “Company”), today announced that the Company sent a letter to stockholders urging them to vote FOR the extension amendment at its annual meeting of stockholders which will be held virtually at https://www.cstproxy.com/tuscanholdingscorp/2021 on April 28, 2021 at 10:00 am Eastern Time.
The extension proposal must be approved by at least 65% of the outstanding shares. If you do not vote, your non-vote will have the same effect as a vote against the extension amendment.
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..
The full text of the letter is as follows:
Dear Fellow Shareholder,
We have previously sent you proxy material for the Tuscan Holdings Corp. annual meeting to be held on April 28, 2021. In addition to the election of one Class I director, the Company is asking stockholders to approve an extension proposal that will allow the Company more time to complete its previously announced business combination with Microvast, Inc. ("Microvast").
Tuscan has filed the preliminary proxy statement for its business combination with Microvast, but because the proxy statement for the business combination was not finalized and mailed before March 22, 2021, the Company is required to seek stockholder approval of an extension of time to consummate the transaction.
Your Board of Directors has unanimously determined that the extension amendment is in the best interests of Tuscan Holdings Corp. and its stockholders. Your Board of Directors recommends that you vote “FOR” the proposal. The extension proposal must be approved by at least 65% of the outstanding shares. If you do not vote, your non-vote will have the same effect as a vote against the extension amendment.
The easiest way to vote is by contacting the Company's proxy solicitor Advantage Proxy toll free at 1-877-870-8565 or by sending an email to Karen Smith (This email address is being protected from spambots. You need JavaScript enabled to view it.) or Robert Trosino (This email address is being protected from spambots. You need JavaScript enabled to view it.). You may also sign, date and mail your proxy card in the envelope provided.
Thank you for your continued support. Remember - every share and every vote counts!
Sincerely,
Stephen Vogel
Chairman and CEO of Tuscan Holdings Corp.
Additional Information and Where to Find It
In connection with the annual meeting of stockholders, Tuscan Holdings Corp., a Delaware corporation (“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, 2020 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
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Stockholders:
Advantage Proxy, Inc.
Toll Free: 877-870-8565
Collect: 866-870-8565
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Media / Investors:
Ashish Gupta
Investor Relations
Telephone: 646-677-1875
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Bohn, MacFarlane, and Webb to serve three-year terms on Board of Directors
FERGUS FALLS, Minn.--(BUSINESS WIRE)--Otter Tail Corporation (NASDAQ: OTTR) held its second virtual-only annual meeting of common shareholders on April 12, 2021. Due to the continuing public health threat of COVID-19, the company elected again to host this year’s annual meeting as a virtual-only meeting. This was the corporation’s 111th annual meeting. Represented by proxy or present in person at the meeting was 80.6 percent of the corporation’s total shares outstanding.
Shareholders reelected Karen M. Bohn, Charles S. MacFarlane, and Thomas J. Webb to serve three-year terms on Otter Tail Corporation’s board of directors. Ms. Bohn, of Edina, Minnesota, is the President of Galeo Group, LLC, a management consulting firm. Ms. Bohn has been on the board since 2003. She serves as the Chair of the Corporate Governance Committee and is a member of the Audit Committee. Mr. MacFarlane, of Fergus Falls, Minnesota, is the President and Chief Executive Officer of Otter Tail Corporation and Chief Executive Officer of Otter Tail Power Company. He formerly served as President of Otter Tail Power Company. Mr. MacFarlane has been on the board since 2015. Mr. Webb, of Richland, Michigan, is an advisor to a variety of companies, including CenterPoint Energy, Inc. He is a retired Executive Vice President and Chief Financial Officer of CMS Energy Corporation, primarily a gas and electric utility. Mr. Webb has been on the board since 2018. He is a member of the Audit and Compensation and Human Capital Management Committees.
About Otter Tail Corporation
Otter Tail Corporation has interests in diversified operations that include an electric utility and manufacturing businesses. Otter Tail Corporation stock trades on the NASDAQ Global Select Market under the symbol OTTR. The latest investor and corporate information are available at www.ottertail.com. Corporate offices are located in Fergus Falls, Minn., and Fargo, N.D.
Media contact:
Stephanie Hoff, Director Corporate Communication, (218) 739-8535 or (218) 205-6179
Investor contact:
Loren Hanson, Manager, Investor Relations, (218) 739-8481 or (800) 664-1259
DUBLIN--(BUSINESS WIRE)--The "Global Land Drilling Rigs Market 2021-2025" report has been added to ResearchAndMarkets.com's offering.
The publisher has been monitoring the land drilling rigs market and it is poised to grow by $3.26 billion during 2021-2025, progressing at a CAGR of almost 3% during the forecast period.
The report on land drilling rigs market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the rising global oil and gas consumption and discovery of new oil fields.
The land drilling rigs market analysis includes type segment an geographical landscapes. This study identifies the rise in unconventional oil and gas resources as one of the prime reasons driving the land drilling rigs market growth during the next few years.
Companies Mentioned
The report on land drilling rigs market covers the following areas:
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.
Key Topics Covered:
1. Executive Summary
2. Market Landscape
3. Market Sizing
4. Five Forces Analysis
5. Market Segmentation by Type
6. Customer landscape
7. Geographic Landscape
8. Vendor Landscape
9. Vendor Analysis
10. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/4b70rn
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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SINGAPORE--(BUSINESS WIRE)--Green Tiger Markets Pte Ltd. (GTM) today announced its partnership with SSY Futures Ltd to act as the exclusive broker to its leading-edge, over-the-counter electricity marketplace for Philippines and Singapore electricity forwards.
Green Tiger Markets is delighted to be working with SSY Futures Ltd, the leading brokerage for Asian electricity, to support Singapore and Philippine market participants in this fast-growing area. Green Tiger Markets is committed to bringing the benefits of an open derivatives marketplace to new and underserved markets.
John Knorring, CEO of Green Tiger Markets commented – “Green Tiger Markets is thrilled to partner with SSY Futures Ltd. We are confident that the combination of our innovative platform and SSY - Asia’s leading electricity broker - will not only accelerate the growth of both the Philippines and Singaporean energy markets, but will also have a meaningful, long-lasting impact on these economies.”
Head of SSY Energy Derivatives, James Whistler added – “SSY is delighted to be partnering with Green Tiger Markets to help the Philippines develop its electricity and wider energy markets. We strongly believe the ability to transact in a competitive and transparent marketplace will help participants effectively manage their risks and be of substantial value to the Philippine economy.”
About Green Tiger Markets
Green Tiger Markets Pte Ltd. (GTM) develops and operates a derivatives marketplace that facilitates the forward hedging of price risk on a financial basis. Marketplace participants buy or sell Forward contracts with other participants who have opposing price risk management needs.
GTM’s mission is to support the growth and development of new and underserved markets through transparency and price discovery. In support of this mission, GTM built an innovative and flexible proprietary platform that allows new products to be launched quickly and the market to be configured based on the needs of the market participants.
About SSY Futures Ltd
SSY Futures Ltd is one of the largest Dry Bulk and Freight derivatives brokerages in the World, with brokers in London, Singapore and Stamford. SSY Futures specialises in the steel complex and base metals derivatives as well as Forward Freight Agreements, with a new energy business targeting gas and power contracts. SSY Futures is a wholly owned subsidiary of Simpson Spence Young.
About Simpson Spence Young
Established in 1880, Simpson Spence Young (SSY) is the world's largest independent shipbroker. Our 400 employees cover each major market including dry cargo chartering, tanker chartering, LNG chartering and projects, ship sale and purchase, chemical chartering, consultancy and research, futures and towage.
SSY has a global reach, with offices in London, Singapore, Houston, Shanghai, Stamford - USA, Sydney, Geneva, Bergen, Hong Kong, New York, Mumbai, Madrid, Oslo, Sao Paulo, Copenhagen, Tokyo, Vancouver, Dubai, Varna and Zug.
Green Tiger Markets
Matthew Kelber
+1-917-992-7826
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SSY
James Whistler
+65 6854 7126
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Capital Efficient and Low Breakeven Production Drives Strong Free Cash Flow Generation
BOGOTA, Colombia--(BUSINESS WIRE)--GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Ecuador, Chile, Brazil, and Argentina, today announced its operational update for the three-month period ended March 31, 2021 (“1Q2021”).
All figures are expressed in US Dollars. Growth comparisons refer to the same period of the prior year, except when otherwise specified.
Highlights
Oil and Gas Production and Reserves
Activity Accelerating
Llanos 34 block (GeoPark operated, 45% WI):
CPO-5 block:
Platanillo block (GeoPark operated, 100% WI):
PUT-8 block (GeoPark operated, 50% WI):
Fully Funded and Expanded 2021 Work Program
Strong Risk-Managed Balance Sheet
SPEED/ESG+ Actions
Returning Value to Shareholders
Breakdown of Quarterly Production by Country
The following table shows production figures for 1Q2021, as compared to 1Q2020:
1Q2021 |
1Q2020 |
|||||
Total
|
Oil
|
Gas
|
Total
|
% Chg. |
||
Colombia |
31,455 |
31,222 |
1,393 |
|
38,723 |
-19% |
Chile |
2,491 |
328 |
12,980 |
|
3,121 |
-20% |
Brazil |
1,984 |
25 |
11,753 |
|
1,290 |
54% |
Argentina |
2,201 |
1,302 |
5,396 |
|
2,597 |
-15% |
Total |
38,131 |
32,877 |
31,522 |
|
45,731 |
-17% |
a) Includes royalties paid in kind in Colombia for approximately 1,101 bopd in 1Q2021. No royalties were paid in kind in Brazil, Chile or Argentina.
Quarterly Production Evolution
(boepd) |
1Q2021 |
4Q2020 |
3Q2020 |
2Q2020 |
1Q2020 |
Colombia |
31,455 |
31,858 |
31,297 |
31,072 |
38,723 |
Chile |
2,491 |
3,133 |
3,610 |
3,101 |
3,121 |
Brazil |
1,984 |
2,167 |
1,581 |
679 |
1,290 |
Argentina |
2,201 |
2,146 |
2,357 |
2,060 |
2,597 |
Total |
38,131 |
39,304 |
38,845 |
36,912 |
45,731 |
Oil |
32,877 |
33,238 |
32,875 |
32,504 |
40,861 |
Gas |
5,254 |
6,065 |
5,970 |
4,408 |
4,870 |
Oil and Gas Production Update
Consolidated:
Oil and gas production in 1Q2021 decreased by 17% to 38,131 boepd from 45,731 boepd in 1Q2020, due to limited or temporarily suspended drilling and maintenance activities during 2020 in Colombia, Chile and Argentina, as part of the Company’s risk-managed response to preserve shareholder value and to minimize contractor and employee activity in the fields due to the lower oil price environment and pandemic-related contingencies. Oil represented 86% and 87% of total reported production in 1Q2021 and 1Q2020, respectively.
Colombia:
Average net oil and gas production in Colombia decreased to 31,455 boepd in 1Q2021 compared to 38,723 boepd in 1Q2020, reflecting limited or temporarily suspended drilling and maintenance activities during 2020 in the Llanos 34 and Platanillo blocks, partially offset by increased production in the CPO-5 block.
The Llanos 34 block average net production was 24,866 bopd in 1Q2021, representing 79% of GeoPark’s net production in Colombia. During 1Q2021 the Company had two drilling rigs that drilled four wells, currently on production, and two disposal wells.
The CPO-5 block average net production increased by 69% to 3,964 bopd (or 13,213 bopd gross), representing 13% of GeoPark’s net production in Colombia. Increased production results from the Indico oil field which continues showing a strong reservoir performance with the Indico 2 appraisal well (drilled in 4Q2020 with an initial flow of 5,500 bopd) currently producing 6,200 bopd.
The Platanillo block average production decreased to 2,100 bopd in 1Q2021 compared to 3,462 bopd in 1Q2020 due to limited activities in the block during 2020 and the temporary shut-in of operations for 17 days during 1Q2021. The 1Q2021 shut-in resulted from local community protests in the Putumayo basin against the Government about the eradication of coca plantations, and although the protest was not directed at GeoPark specifically or even the oil industry in general, the Company shut in its operations to protect its employees, with operations gradually restarted in early March 2021, when protests ceased. The Platanillo block is currently producing 2,400 bopd of light oil.
Latest developments in the Llanos 34 block:
Latest developments in the CPO-5 block:
Other activities in operated blocks:
Chile:
Average net production in Chile decreased by 20% to 2,491 boepd in 1Q2021 compared to 3,121 boepd in 1Q2020 resulting from lower gas production in the Jauke and Jauke Oeste gas fields and limited or temporarily suspended maintenance activities during 2020. Maintenance and well intervention activities were carried out in the Jauke 1 well during 1Q2021 affecting gas production in the field in 1Q2021. Maintenance and well intervention activities are currently being performed in the Jauke Oeste gas well. The production mix during 1Q2021 was 87% gas and 13% light oil (compared to 80% gas and 20% light oil in 1Q2020).
Brazil:
Average net production in Brazil increased by 54% to 1,984 boepd in 1Q2021 compared to 1,290 boepd in 1Q2020 due to higher gas demand in northern Brazil. The production mix during 1Q2021 was 99% natural gas and 1% oil and condensate (compared to 91% natural gas and 9% oil and condensate in 1Q2020).
Argentina:
Average net production in Argentina decreased by 15% to 2,201 boepd in 1Q2021 compared to 2,597 boepd in 1Q2020, mainly resulting from limited or temporarily suspended maintenance activities during 2020, combined with the natural decline of the fields. The production mix during 1Q2021 was 59% oil and 41% natural gas (compared to 61% oil and 39% natural gas in 1Q2020).
GLOSSARY
|
|
ANP |
Brazil’s National Agency of Petroleum, Natural Gas and Biofuels |
|
|
Operating netback |
Revenue, less production, and operating costs (net of accrual of stock options and stock awards), selling expenses and realized portion of commodity risk management contracts. Operating netback is equivalent to Adjusted EBITDA net of cash expenses included in Administrative, Geological and Geophysical and Other operating costs
|
Bbl |
Barrel |
|
|
Boe |
Barrels of oil equivalent
|
Boepd |
Barrels of oil equivalent per day
|
Bopd |
Barrels of oil per day
|
D&M |
DeGolyer and MacNaughton
|
F&D costs
|
Finding and development costs, calculated as capital expenditures divided by the applicable net reserves additions before changes in Future Development Capital |
Km |
Kilometers |
|
|
Mboe |
Thousand barrels of oil equivalent
|
Mmbo |
Million barrels of oil
|
Mmboe |
Million barrels of oil equivalent
|
Mcfpd |
Thousand cubic feet per day
|
Mmcfpd |
Million cubic feet per day
|
Mm3/day |
Thousand cubic meters per day
|
NPV10 |
Present value of estimated future oil and gas revenues, net of estimated direct expenses, discounted at an annual rate of 10%
|
PRMS |
Petroleum Resources Management System |
|
|
Sq km |
Square Kilometer
|
WI |
Working Interest |
|
|
NOTICE
Additional information about GeoPark can be found in the “Investor Support” section on the website at www.geo-park.com.
Rounding amounts and percentages: Certain amounts and percentages included in this press release have been rounded for ease of presentation. Percentage figures included in this press release have not in all cases been calculated based on such rounded figures but based on such amounts prior to rounding. For this reason, certain percentage amounts in this press release may vary from those obtained by performing the same calculations using the figures in the financial statements. In addition, certain other amounts that appear in this press release may not sum due to rounding.
CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION
This press release contains statements that constitute forward-looking statements. Many of the forward- looking statements contained in this press release can be identified using forward-looking words such as ‘‘anticipate,’’ ‘‘believe,’’ ‘‘could,’’ ‘‘expect,’’ ‘‘should,’’ ‘‘plan,’’ ‘‘intend,’’ ‘‘will,’’ ‘‘estimate’’ and ‘‘potential,’’ among others.
Forward-looking statements that appear in a number of places in this press release include, but are not limited to, statements regarding the intent, belief or current expectations, regarding various matters, including the Covid-19 pandemic, the acquisition by Gas Bridge of the remaining WI and operatorship in the Manati gas field and the closing of the transaction, the tender offer for up to $255 million of the Company’s Senior Notes due 2024, expected production growth, expected schedule, economic recovery, payback timing, IRR, drilling activities, demand for oil and gas, oil and gas prices, capital expenditures plan, regulatory approvals, reserves and exploration resources. Forward-looking statements are based on management’s beliefs and assumptions, and on information currently available to the management. Such statements are subject to risks and uncertainties, and actual results may differ materially from those expressed or implied in the forward-looking statements due to various factors. Oil and gas production figures included in this release are stated before the effect of royalties paid in kind, consumption, and losses, except when specified.
Forward-looking statements speak only as of the date they are made, and the Company does not undertake any obligation to update them considering new information or future developments or to release publicly any revisions to these statements to reflect later events or circumstances, or to reflect the occurrence of unanticipated events. For a discussion of the risks facing the Company which could affect whether these forward-looking statements are realized, see filings with the U.S. Securities and Exchange Commission.
Readers are cautioned that the exploration resources disclosed in this press release are not necessarily indicative of long-term performance or of ultimate recovery. Unrisked prospective resources are not risked for change of development or chance of discovery. If a discovery is made, there is no certainty that it will be developed or, if it is developed, there is no certainty as to the timing of such development. There is no certainty that any portion of the prospective resources will be discovered. If discovered, there is no certainty that it will be commercially viable to produce any portion of the resources. Prospective resource volumes are presented as unrisked.
1 2021 production assumes full-year production from the Manati gas field in Brazil (currently under a divestiture process that is subject to certain conditions and regulatory approvals) and excludes potential production from exploration drilling.
2 Brent price assumption from March to December 2021, assuming $3-4/bbl Vasconia-Brent differential.
3 Unaudited.
4 As of December 31, 2020 (unaudited).
5 Corresponds to GeoPark’s aggregate Mean-P10 unrisked recoverable oil volumes in leads and prospects individually audited by Gaffney & Cline as of December 31, 2020.
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:
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LOS ANGELES--(BUSINESS WIRE)--Kilroy Realty Corporation (NYSE: KRC) is proud to announce that it has received the 2021 ENERGY STAR Partner of the Year—Sustained Excellence Award from the U.S. Environmental Protection Agency and the U.S. Department of Energy for six years in a row, its 8th overall ENERGY STAR Partner of the Year win.
The Sustained Excellence Award is the highest honor bestowed by the ENERGY STAR program. Winners are part of a distinguished group that has made a long-term commitment to fighting climate change and protecting public health through energy efficiency. They are among the nation’s leaders in driving value for the environment, the economy, and the American people.
“A focus on energy efficiency is fundamental to our approach to real estate,” said Michelle Ngo, chief financial officer at KRC. “We are so proud to have earned the ENERGY STAR Partner of the Year—Sustained Excellence Award, which demonstrates to our employees, tenants, investors, and all other stakeholders the deep importance we place on our partnership with ENERGY STAR and on reducing energy consumption in our buildings.”
“ENERGY STAR award-winning partners are showing the world that delivering real climate solutions makes good business sense and promotes job growth,” said EPA Administrator Michael S. Regan. “Many of them have been doing it for years, inspiring all of us who are committed to tackling the climate crisis and leading the way to a clean energy economy.”
Winners are selected from a network of thousands of ENERGY STAR partners. For a complete list of 2021 winners and more information about ENERGY STAR’s awards program, visit energystar.gov/awardwinners.
About Kilroy Realty Corporation. Kilroy Realty Corporation (NYSE: KRC, the “company,” “KRC”) is a leading West Coast landlord and developer, with a major presence in San Diego, Greater Los Angeles, the San Francisco Bay Area, and the Pacific Northwest. The company has earned global recognition for sustainability, building operations, innovation and design. As pioneers and innovators in the creation of a more sustainable real estate industry, the company’s approach to modern business environments helps drive creativity, productivity and employee retention for some of the world’s leading technology, entertainment, life science and business services companies.
KRC is a publicly traded real estate investment trust (“REIT”) and member of the S&P MidCap 400 Index with more than seven decades of experience developing, acquiring and managing office and mixed-use projects.
As of December 31, 2020, KRC’s stabilized portfolio totaled approximately 14.6 million square feet of primarily office and life science space that was 91.2% occupied and 94.3% leased. The company also had 808 residential units in Hollywood and San Diego, which had a quarterly average occupancy of 89.5% and 50.4%, respectively. In addition, KRC had six in-process development projects with an estimated total investment of $1.6 billion, totaling approximately 1.9 million square feet of office and life science space. The office and life science space was 89% leased.
A Leader in Sustainability and Commitment to Corporate Social Responsibility
KRC is listed on the Dow Jones Sustainability World Index and has been recognized by industry organizations around the world. KRC’s stabilized portfolio was 68% LEED certified and 39% Fitwel certified, the highest of any non-government organization, as of December 31, 2020.
The company has been recognized by GRESB, the Global Real Estate Sustainability Benchmark, as the listed sustainability leader in the Americas for six of the last seven years. Other honors have included the National Association of Real Estate Investment Trust’s (NAREIT) Leader in the Light award for six consecutive years and ENERGY STAR Partner of the Year for eight years as well as ENERGY STAR’s highest honor of Sustained Excellence, for the past six years.
A big part of the company’s foundation is its commitment to enhancing employee growth, satisfaction and wellness while maintaining a diverse and thriving culture. For the second year in a row, the company has been named to Bloomberg’s Gender Equality Index—recognizing companies committed to supporting gender equality through policy development, representation, and transparency.
More information is available at http://www.kilroyrealty.com.
Forward-Looking Statements. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on our current expectations, beliefs and assumptions, and are not guarantees of future performance. Forward-looking statements are inherently subject to uncertainties, risks, changes in circumstances, trends and factors that are difficult to predict, many of which are outside of our control. Accordingly, actual performance, results and events may vary materially from those indicated or implied in the forward-looking statements, and you should not rely on the forward-looking statements as predictions of future performance, results or events. Numerous factors could cause actual future performance, results and events to differ materially from those indicated in the forward-looking statements, including, among others: global market and general economic conditions and their effect on our liquidity and financial conditions and those of our tenants; adverse economic or real estate conditions generally, and specifically, in the States of California and Washington; risks associated with our investment in real estate assets, which are illiquid, and with trends in the real estate industry; defaults on or non-renewal of leases by tenants; any significant downturn in tenants’ businesses; our ability to re-lease property at or above current market rates; costs to comply with government regulations, including environmental remediation; the availability of cash for distribution and debt service and exposure to risk of default under debt obligations; increases in interest rates and our ability to manage interest rate exposure; the availability of financing on attractive terms or at all, which may adversely impact our future interest expense and our ability to pursue development, redevelopment and acquisition opportunities and refinance existing debt; a decline in real estate asset valuations, which may limit our ability to dispose of assets at attractive prices or obtain or maintain debt financing, and which may result in write-offs or impairment charges; significant competition, which may decrease the occupancy and rental rates of properties; potential losses that may not be covered by insurance; the ability to successfully complete acquisitions and dispositions on announced terms; the ability to successfully operate acquired, developed and redeveloped properties; the ability to successfully complete development and redevelopment projects on schedule and within budgeted amounts; delays or refusals in obtaining all necessary zoning, land use and other required entitlements, governmental permits and authorizations for our development and redevelopment properties; increases in anticipated capital expenditures, tenant improvement and/or leasing costs; defaults on leases for land on which some of our properties are located; adverse changes to, or enactment or implementations of, tax laws or other applicable laws, regulations or legislation, as well as business and consumer reactions to such changes; risks associated with joint venture investments, including our lack of sole decision-making authority, our reliance on co-venturers’ financial condition and disputes between us and our co-venturers; environmental uncertainties and risks related to natural disasters; our ability to maintain our status as a REIT; and uncertainties regarding the impact of the COVID-19 pandemic, and restrictions intended to prevent its spread, on our business and the economy generally. These factors are not exhaustive and additional factors could adversely affect our business and financial performance. For a discussion of additional factors that could materially adversely affect our business and financial performance, see the factors included under the caption “Risk Factors” in our annual report on Form 10-K for the year ended December 31, 2020 and our other filings with the Securities and Exchange Commission. All forward-looking statements are based on currently available information and speak only as of the dates on which they are made. We assume no obligation to update any forward-looking statement made in this press release that becomes untrue because of subsequent events, new information or otherwise, except to the extent we are required to do so in connection with our ongoing requirements under federal securities laws.
Sara Neff
Senior Vice President, Sustainability
310-481-8449
This email address is being protected from spambots. You need JavaScript enabled to view it.
SkyRail to connect communities while boosting the economy and tourism in Bahia State, Brazil
SHENZHEN, China--(BUSINESS WIRE)--On April 8th, BYD ushered in a new milestone, as its Bahia SkyRail vehicle rolled off the production line in Shenzhen. The Bahia SkyRail, located in the city of Salvador, Bahia State, Brazil, is the world’s first SkyRail line to be partially built above the sea.
The ceremony was held at BYD's global headquarters in Shenzhen. Rui Costa, Governor of Bahia; João Leão, Vice Governor of Bahia; and Mrs. Shao Yingjun, Minister for Commercial Affairs of the Chinese Embassy, witnessed the ceremony online.
Satisfied with the performance of the new model, Governor Rui Costa insisted that the VLT do Subúrbio symbolizes an important international partnership for the modernization of urban transport. “After placing Bahia as the second metro extension in Brazil, we now take a large step towards modernization with this modern vehicle that will replace a train that no longer met operating conditions,” commented Rui Costa.
João Leão, Vice Governor of Bahia, also highly recognized BYD’s integral role in the project, expressing sincere gratitude to BYD.
Stella Li, Executive Vice President of BYD Company Limited & President of BYD Motors Inc., said, “Today’s vehicles are specially tailored to the unique geographical and cultural environment of Salvador, the smooth and comfortable ride, humanized and intelligent design will bring passengers a more pleasant and convenient green travel experience. Brazil has embraced BYD’s green, zero-emission transport offerings across the board, including pure electric buses, trucks, taxis and the SkyRail, making the country the leading model for eco-friendly transport in Latin America. In the future, BYD will continue to work hard with its leading new energy technology and high-quality rail transit offerings to help cities around the world build low-carbon transportation and achieve sustainable development!”
The Bahia SkyRail has been specially customized to meet local regulations and needs, as the world’s first SkyRail line built for an overseas market. The vehicle adopts a streamlined design, which reduces wind resistance while enhancing the overall aesthetics. Meanwhile, large, barrier-free doors enable passengers of all kinds to easily enter and exit, regardless of whether they are walking, in a wheelchair or pushing a baby stroller. The vehicles feature a walk-through train design to provide excellent accessibility, and the large windows on both sides offer expansive views for an enjoyable transit experience, while the air suspension system ensures that the vehicle runs quietly and smoothly.
Additionally, SkyRail is equipped with a fully automatic operation system with cutting-edge train control technology and an intelligent customer service system, which realizes a high degree of train automation. It enables more precise operations control, resulting in higher reliability, safety, operational efficiency, and punctuality. Meanwhile, on-board PIS, CCTV, emergency intercom, and other systems serve passengers in real-time, ensuring a safe and convenient riding experience. The vehicles can also be flexibly grouped according to actual capacity needs.
The Bahia SkyRail Line has 25 stations covering a total length of 23.3km. It will be connected with Bahia’s existing subway to form a comprehensive public transportation network.
Due to various factors such as local topography, community structure, demolition costs, and passenger volume, the Bahia SkyRail was customized to adhere to several extremely stringent technical standards, all of which it met.
SkyRail is a straddle-type monorail system developed by a dedicated 1,000-strong R&D team following five years of research and development worth 5 billion RMB, which aims to solve traffic congestion in cities. With a minimum turning radius of only 45 meters and able to climb gradients of 10%, SkyRail is well adapted to Salvador’s difficult terrain. What’s more, advanced autonomous driving technology together with a striking and futuristic appearance allows the SkyRail to seamlessly fit into modern urban environments.
SkyRail’s unique technologies have overcome many of the difficulties of construction and operation in Bahia. For example, the elevated tracks don't occupy valuable road surface, meaning the space below them still can be rebuilt into pedestrianized areas, and their elevated position keeps them free from flooding, which has been a problem for the city’s existing rail network. Thanks to the integrated line monitoring system and the intelligent operations system, SkyRail can immediately identify risks, solve problems, and reduce manual workloads. Besides offering comfortable, low-carbon and efficient public transport for residents, the expectation is that SkyRail will also help attract new businesses and visitors to the area, aiding the government’s efforts to boost local tourism.
The SkyRail has already created a noticeable buzz among local citizens. As early as February 13, 2019, on the day of signing the contract, a large number of citizens held up a banner at the gate of the government of Bahia, which read "very welcome VLT, thank you, governor", and yelled, "let's make it a reality together." Tyler Li, Country Manager of BYD Brazil, also said that when the SkyRail project team went to the local to inspect the progress of the project after half a year, the public recognized them at a glance and said hello cordially.
On January 3, 2020, the state government approved the full preliminary design of the Bahia SkyRail. Bahia Governor Rui Costa said at the time, “SkyRail technology is very advanced, and China's rail technology has far surpassed that of other countries. I believe in Chinese technology."
Representing China’s strategic focus on fostering “new infrastructure”, BYD’s rail transit solutions are being warmly received as it strikes up new partnerships, bringing Chinese technology to the world. In Brazil, BYD has already forged cooperation with two cities, among them São Paulo, for which the formal contract to build the metro network’s Line 17 was signed on April 27, 2020. BYD is also actively engaged in and negotiating other rail transit projects in more than 20 countries and cities spanning the Americas, Asia Pacific, Europe, and Africa, some of which are already under construction.
About BYD
BYD Company Ltd. is one of China's largest privately-owned enterprises. Since its inception in 1995, the company quickly developed solid expertise in rechargeable batteries and became a relentless advocate of sustainable development, successfully expanding its renewable energy solutions globally with operations in over 50 countries and regions. Its creation of a Zero Emissions Energy Ecosystem – comprising affordable solar power generation, reliable energy storage, and cutting-edge electrified transportation – has made it an industry leader in the energy and transportation sectors. BYD is listed on the Hong Kong and Shenzhen Stock Exchanges. More information on the company can be found at http://www.byd.com.
Contacts in Asia-Pacific: Mia Gu
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In North America: Frank Girardot
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In Latin America: Mariana Osorio
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In Brazil: Adalberto Maluf
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In Europe: Penny Peng
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CHICAGO--(BUSINESS WIRE)--$VTR #ENERGYSTARawards--Ventas, Inc. (NYSE: VTR) (“Ventas” or the “Company”), an S&P 500 company and leading, diversified healthcare Real Estate Investment Trust, announced today that is has been named a 2021 ENERGY STAR® Partner of the Year by the U.S. Environmental Protection Agency (“EPA”) and the U.S. Department of Energy for the first time. The award recognizes the Company’s energy efficiency achievements across its portfolio of approximately 1,200 properties.
“Ventas has a longstanding commitment to environmental, social and governance (ESG) excellence, which imbues our enterprise and drives our ongoing sustainability and energy management practices and investments,” said Debra A. Cafaro, Ventas Chairman and Chief Executive Officer. “This award recognizes the dedicated efforts our employees and operating partners have made to ensure our properties manage energy efficiently and meet the highest standards in environmental responsibility as we work towards achieving our ambitious new energy and emissions reduction targets set in 2020. These efforts are consistent with the priority we place on ESG, health and safety because they will help to address the impact of climate change on the environment and public health.”
The initiatives undertaken by Ventas to earn this award include:
Each year, the ENERGY STAR program honors a group of businesses and organizations that have made outstanding contributions to protecting the environment through superior energy achievements. ENERGY STAR award winners lead their industries in the production, sale and adoption of energy-efficient products, services, and strategies.
“ENERGY STAR award-winning partners are showing the world that delivering real climate solutions makes good business sense and promotes job growth,” said EPA Administrator Michael S. Regan. “Many of them have been doing it for years, inspiring all of us who are committed to tackling the climate crisis and leading the way to a clean energy economy.”
Winners are selected from a network of thousands of ENERGY STAR partners. For a complete list of 2021 winners and more information about ENERGY STAR’s awards program, visit energystar.gov/awardwinners.
About Ventas
Ventas, an S&P 500 company, operates at the intersection of two powerful and dynamic industries – healthcare and real estate. As one of the world’s foremost Real Estate Investment Trusts (REIT), we use the power of capital to unlock the value of real estate, partnering with leading care providers, developers, research and medical institutions, innovators and healthcare organizations whose success is buoyed by the demographic tailwind of an aging population. For more than twenty years, Ventas has followed a successful strategy that endures: combining a high-quality diversified portfolio of properties and capital sources to manage through cycles, working with industry leading partners, and a collaborative and experienced team focused on producing consistent growing cash flows and superior returns on a strong balance sheet, ultimately rewarding Ventas stakeholders. As of December 31, 2020, Ventas owned or managed through unconsolidated real estate entities approximately 1,200 properties.
About ENERGY STAR
ENERGY STAR® is the government-backed symbol for energy efficiency, providing simple, credible, and unbiased information that consumers and businesses rely on to make well-informed decisions. Thousands of industrial, commercial, utility, state, and local organizations—including more than 40 percent of the Fortune 500®—rely on their partnership with the U.S. Environmental Protection Agency (EPA) to deliver cost-saving energy efficiency solutions. Since 1992, ENERGY STAR and its partners helped American families and businesses avoid more than $450 billion in energy costs and achieve 4 billion metric tons of greenhouse gas reductions. More background information about ENERGY STAR can be found at: https://www.energystar.gov/about and https://www.energystar.gov/about/origins_mission/energy_star_numbers
Louise Adhikari, This email address is being protected from spambots. You need JavaScript enabled to view it. / +1 312 660 3816
Recognition honors Kohl’s continued environmental, social and governance (ESG) stewardship and the company’s longstanding commitment to energy efficiency
MENOMONEE FALLS, Wis.--(BUSINESS WIRE)--Kohl’s (NYSE: KSS) is proud to receive the 2021 ENERGY STAR Partner of the Year Sustained Excellence Award from the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Energy. This year marks the 10th consecutive year that the EPA has recognized Kohl’s with the Sustained Excellence award, the highest honor bestowed by the ENERGY STAR program and selection from a network of thousands of ENERGY STAR partners.
“Kohl’s has been a longtime partner of the EPA on our journey to continually implement the best practices available in energy efficiency across our store network and facilities to reduce our carbon footprint and do our part to fight climate change,” said Steve Thomas, Kohl’s chief risk and compliance officer. “This recognition is a tangible way to show our associates, our customers, our communities and our business partners the work that our teams do ‘behind-the-scenes’ to operate our business efficiently and conscientiously.”
More than 90% of Kohl’s stores are ENERGY STAR certified, including two stores newly certified within the past calendar year. Kohl’s continues to retrofit its stores with high-efficiency lighting to reduce emissions and save electricity. In 2020, the company converted 45 stores to lighting fixtures with LEDs, which will help save more than 10 million kilowatt-hours (kWh) per year.
Kohl’s customers can check to see if their local Kohl’s stores are ENERGY STAR certified by looking for the ENERGY STAR decals at the front entrances of certified stores. For a complete list of 2021 winners and more information about ENERGY STAR’s awards program, visit energystar.gov/awardwinners.
Environmental Stewardship at Kohl’s
In addition to the ENERGY STAR award, Kohl’s is proud to have been recognized recently in the following areas for demonstrating its commitment to implementing the company’s environmental sustainability initiatives.
For more details about Kohl’s commitment to sustainability, please refer to the company’s 2019 CSR Report or the forthcoming 2020 ESG Report later this month. Additional information about Kohl’s Environmental, Social, and Governance (ESG) efforts can be found on the company’s corporate website, Corporate.Kohls.com.
About Kohl’s
Kohl’s (NYSE: KSS) is a leading omnichannel retailer. With more than 1,100 stores in 49 states and the online convenience of Kohls.com and the Kohl's App, Kohl's offers amazing national and exclusive brands at incredible savings for families nationwide. Kohl’s is uniquely positioned to deliver against its strategy and its vision to be the most trusted retailer of choice for the active and casual lifestyle. Kohl’s is committed to progress in its diversity and inclusion pledges, and the company's environmental, social and corporate governance (ESG) stewardship. For a list of store locations or to shop online, visit Kohls.com. For more information about Kohl’s impact in the community or how to join our winning team, visit Corporate.Kohls.com or follow @KohlsNews on Twitter.
About ENERGY STAR
ENERGY STAR® is the government-backed symbol for energy efficiency, providing simple, credible, and unbiased information that consumers and businesses rely on to make well-informed decisions. Thousands of industrial, commercial, utility, state, and local organizations—including more than 40% of the Fortune 500®—rely on their partnership with the U.S. Environmental Protection Agency (EPA) to deliver cost-saving energy efficiency solutions. Since 1992, ENERGY STAR and its partners have helped American families and businesses avoid more than $450 billion in energy costs and achieve 4 billion metric tons of greenhouse gas reductions. More background information about ENERGY STAR can be found at: https://www.energystar.gov/about and https://www.energystar.gov/about/origins_mission/energy_star_numbers
Bill Bussler, This email address is being protected from spambots. You need JavaScript enabled to view it., 262-703-2951
Expands Line of Energetics Products
HOUSTON--(BUSINESS WIRE)--Titan Division of Hunting Energy Services, a subsidiary of Hunting PLC, the international energy services company, today announced it has begun manufacturing, selling and distributing detonating cord to the oil and gas perforating and pipe recovery markets.
Hunting initiated manufacturing with a standard temperature line of RDX and an elevated temperature line of HMX detonating cords. This latest addition to Hunting’s energetics product line has undergone rigorous quality control and continuous testing during manufacturing.
Hunting, through its Titan Division, has more than 25 years of experience advancing oilfield ballistic products. Its strategy of internalizing the manufacturing of its energetics products has helped ensure its high standards and supply chain inventories are met.
Hunting’s detonating cords are available through the company’s network of distribution centers strategically located in all the world’s oil-producing regions.
About Hunting
Hunting PLC is an international energy services provider to the world's leading upstream oil and gas companies. Established in 1874, it is a premium-listed public company traded on the London Stock Exchange. The Company maintains a corporate office in Houston and is headquartered in London. As well as the United Kingdom, the Company has operations in Canada, China, Indonesia, Kenya, Mexico, Netherlands, Norway, Saudi Arabia, Singapore, South Africa, United Arab Emirates and the United States of America.
The company’s Hunting Energy Services Titan Division engineers and manufactures perforating systems, wireline selective firing systems, cased hole logging instruments, nuclear detectors, energetics, and associated wireline hardware and accessories.
Business Contact:
John Feuerstein, Hunting, 281-442-7382, This email address is being protected from spambots. You need JavaScript enabled to view it.
Merger positions Onpoint as an industry leader
DEER PARK, Texas--(BUSINESS WIRE)--#turnaroundmanagement--Onpoint Industrial Services, LLC announced today its merger with CertifiedSafety, Inc., and its subsidiary – Calculated Controls. The combination of these companies establishes a premier provider of industrial safety, logistics and turnaround management services in North America.
Certified Safety, with its 20-year history in providing leading-edge safety solutions to the refining and petrochemical industries, combined with Calculated Controls’ exceptional project controls professionals, are a natural fit with Onpoint’s current scope of offerings.
“Bringing together these leading organizations expands our footprint across North America and creates one of the broadest ranges of safety, logistics, and turnaround management services in the industry today,” said Onpoint CEO Liz Crow. “Our combined best practices, deployed by our highly skilled field leadership, provide a single source of support for our customers in all aspects of their maintenance activities.”
Private equity firms The CapStreet Group and HCI Equity Partners will continue as shareholders in the combined entity. Liz Crow, CEO of Onpoint, will lead the united company as CEO on its continued journey. Tony Spencer, CEO of CertifiedSafety and Calculated Controls, will transition to an advisory role serving on the Board of Directors of the new company.
“This agreement uniquely positions us for sustainable, profitable growth while remaining focused on operational excellence,” said Spencer. “We’re so pleased to join forces with Onpoint, a well-respected company in the industry. And with our complementary industry leading services, we will be able to continue to support our customers with highest standards of quality, safety and service.”
More About Onpoint Industrial Services
Onpoint Industrial Services, LLC offers a unique set of services designed to facilitate the safe and efficient flow of people, materials, and equipment for routine maintenance, turnarounds and capital projects. By applying people, process, and technology, Onpoint satisfies every logistics requirement of these complex activities. For more information, visit onpoint-us.com
More About CertifiedSafety
Based in League City, TX, CertifiedSafety provides cost-effective, scalable, and proven solutions to solve safety-related challenges for the petroleum and chemical industries. CertifiedSafety brings deep experience, industry-leading safety practices, highly qualified and trained personnel at every level, and safety leadership to drive up safety certainty and project success. For more information, visit www.certifiedsafety.net
About The CapStreet Group
The CapStreet Group is a Houston, Texas based private equity firm that invests in lower middle market companies. CapStreet targets companies focused on industrial products and distribution, software and tech-enabled business services. CapStreet’s approach is to partner with excellent management teams to build out corporate infrastructure, accelerate growth and profitability, and create long term sustainable businesses. For more information, visit The CapStreet Group website, www.capstreet.com.
About HCI Equity Partners
HCI Equity Partners is a lower middle market private equity firm focused on partnering with family and founder owned distribution, manufacturing and service companies. HCI makes majority investments in businesses within North America in large, fragmented markets. For more information, please visit www.hciequity.com.
Timothy Long, VP Sales & Marketing
713.947-0721
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