CHICAGO--(BUSINESS WIRE)--#DeepTechU--The University of Chicago’s Polsky Center for Entrepreneurship and Innovation is pleased to announce the launch of DeepTechU, a venture conference showcasing deep tech innovation and 48 investor-ready companies from universities and national labs.
“The Polsky Center launched DeepTechU to help shine a brighter light on all the emerging deep technologies coming out of the greater Midwest," said Jay Schrankler, Associate Vice President and Head of the Polsky Center for Entrepreneurship and Innovation. “There is incredible work being done here and we are excited to partner with top research institutions and Big 10 schools in supporting breakthrough innovations that will change the way we live in the future.”
The virtual conference will take place April 20-22, 2021, and feature quick pitches as well as discussions with industry experts and entrepreneurs.
“The Midwest is uniquely positioned to lead in deep tech, meaning the types of early-stage technologies that require fundamental breakthroughs to advance science and move innovations into use in the world,” said Juan de Pablo, University of Chicago Vice President for National Laboratories, Science Strategy, Innovation, and Global Initiatives. “The Midwest is home to some of the world’s premier efforts in materials science and engineering, sustainability, energy storage, or quantum information sciences, to name a few areas that are central to deep tech development.”
The goal of the conference is two-fold: provide early looks into cutting-edge deep tech innovation emerging from universities, national labs, and partner organizations in the greater-Midwest, and educate other researchers and faculty inventors on what investors are looking for to successfully raise capital.
"We believe deep tech will play an essential role in addressing many of the challenges facing society today, by responding quickly to develop new therapies, agricultural solutions, and transformational uses for synthetic biology,” said Chris Meldrum, Entrepreneur-in-Residence at DCVC Bio. “I’m excited to participate in DeepTechU to not only draw attention to the breakthroughs happening in deep tech, but also to highlight the innovative work coming out of the Midwest."
DeepTechU is organized by the University of Chicago's Polsky Center for Entrepreneurship and Innovation, which has a 25-year successful track record applying world-class business expertise from the University of Chicago Booth School of Business to bring new ideas and groundbreaking innovations to market.
The conference is presented in collaboration with Centrepolis Accelerator at Lawrence Technological University, Chain Reaction Innovations at Argonne National Laboratory, Fermi National Accelerator Laboratory, Indiana University, Innovation Crossroads at Oak Ridge National Laboratory, The Keenan Center for Entrepreneurship at The Ohio State University, Penn State University, Purdue University, NuTech Ventures at the University of Nebraska Lincoln, Northwestern University, Rutgers University, University of Illinois at Chicago, University of Illinois at Urbana-Champaign, University of Iowa, University of Maryland, University of Michigan, University of Minnesota, University of Nebraska, Washington University in St. Louis, and the Wisconsin Alumni Research Foundation (WARF) at the University of Wisconsin-Madison.
Additional partners include Clean Energy Trust, Discovery Partners Institute, Illinois Science & Technology Coalition, P33, Startup Chicago, and World Business Chicago.
For more information and to register for the conference, visit deeptechu.com.
About the Polsky Center for Entrepreneurship and Innovation at the University of Chicago
The Polsky Center for Entrepreneurship and Innovation applies world-class business expertise from the University of Chicago Booth School of Business to bring new ideas and breakthrough innovations to market. Home of the University’s technology transfer office, the Polsky Center’s dedicated team of professionals with deep technical expertise enabling technology commercialization perform market analysis, manage intellectual property, identify partners, and negotiate partnerships and licenses for discoveries and inventions developed by faculty, researchers, and staff. Learn more at polsky.uchicago.edu and follow updates on Twitter @polskycenter.
Fill out the “Get Started with the Polsky Center” form to subscribe to our bi-monthly newsletter, Partners in Innovation, which features the latest research, news, and updates from the Science and Technology team.
Alexia Elejalde-Ruiz
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Prestigious award honors ecobee’s commitment to energy efficient products and solutions
TORONTO--(BUSINESS WIRE)--ecobee is proud to announce it has received the 2021 ENERGY STAR Partner of the Year Award by the Environmental Protection Agency and the U.S. Department of Energy. This award recognizes ecobee’s continued leadership around planet-positive smart home innovations, including the industry-leading ecobee SmartThermostat, and intelligent software platform, eco+, designed to improve energy efficiency, benefiting both consumers and the planet.
ecobee’s mission is to improve everyday life while creating a more sustainable world. Since the company’s inception, ecobee has demonstrated its dedication to energy efficiency by finding innovative ways to reduce carbon emissions, designing products to stay in homes and out of landfills (the average lifespan of an ecobee thermostat is 4x longer than a smartphone), and improving access to sustainable products for families across North America.
“This notable recognition underscores our commitment to developing planet-positive products and solutions that offer easier ways to make an impact,” said Chris Carradine, EVP of ecobee Energy. “Whether it’s helping our customers effortlessly save energy through eco+, or active participation in programs that reduce the load on the grid. ecobee is constantly innovating to ensure our products are designed for our customers and their families, but made for the planet.”
ecobee smart thermostats have delivered 17.6 TWh of energy savings to date, which is the annual equivalent of saving enough energy to take all the homes in Las Vegas off the grid for a year, taking 2.7 million cars off the road for a year, and keeping 13.7 million tons of CO₂ out of the atmosphere. ecobee has also improved access to energy efficient products by subsidizing tens of thousands of thermostats through the company’s Income Qualified program and partnerships with local housing organizations, cities and NGOs to donate devices to community housing projects.
“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. 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.
To learn more about ecobee’s suite of industry-leading energy efficient products and solutions, visit www.ecobee.com.
About ecobee
Founded in 2007, ecobee’s mission is to improve everyday life while creating a more sustainable world. After launching the world’s first smart thermostat, ecobee has helped customers across North America save more than 17.6 TWh of energy. Today, ecobee continues to innovate with smart home solutions that solve everyday problems for customers with comfort, security, and conservation in mind. Find more information, visit ecobee.com.
Fatima Reyes
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33 MW DC portfolio to provide renewable energy for the Greater Portland area
OAKLAND, Calif.--(BUSINESS WIRE)--Adapture Renewables Inc. announced today the completion of a portfolio of ten solar projects totaling 33 megawatts (MWdc) across the Portland, Oregon metropolitan area. Adapture Renewables acquired the portfolio in early 2019 and successfully brought all of the projects to commercial operation by February 2021.
“There are inherent challenges with multi-project portfolios, which require diligent management of development, financing and construction,” said Goran Arya, Director of Business Development at Adapture Renewables. “Knowing this, we intentionally built flexibility into project designs and leveraged in-house expertise in order to streamline the permitting and transactions, and successfully commission all ten projects on schedule.”
The portfolio was financed by tax equity partner U.S. Bank. “Since 2008, U.S. Bank has invested more than $12.6 billion to help finance the development of more than 15 gigawatts of solar energy across the country,” said Eric Barr, Vice President of Renewable Energy Investments with U.S. Bancorp Community Development Corporation, the tax equity and community investments subsidiary of U.S. Bank. “We’re excited to partner with Adapture Renewables and grow solar capacity in the Portland area. We want to be responsible stewards of the environment and investing in solar is one of the ways U.S. Bank can achieve that.”
Adapture Renewables will continue to own and operate the portfolio and sell the generated electricity under a long-term power purchase agreement to the public utility, Portland General Electric. Oregon's Renewable Portfolio Standard requires that utilities procure 50 percent of their power from renewable sources by 2040. In addition to providing reliable clean energy, the portfolio has created jobs in the Portland area and will continue to generate tax revenue for the local jurisdictions.
With this set of projects, Adapture Renewables increases its portfolio of solar energy generating assets in Oregon to 67 MWdc, and to 242 MWdc in total across the country.
About Adapture Renewables, Inc.
Adapture Renewables, Inc. is a solar project developer (and M&A shop), owner and operator. The company leverages its proven track record, deep domain expertise and comprehensive in-house development, EPC management, legal and project finance services to efficiently and effectively drive solar projects from origination to long-term operation. Majority-owned by KIRKBI – the private holding and investment company of the Kirk Kristiansen family founded to build a sustainable future for the LEGO® brand through generations – Adapture Renewables, Inc. has the financial footing necessary to take a diligent and thoughtful approach to solar project development and is invested in its projects’ long-term success. The company’s culture of creative problem-solving and shared mission to accelerate the global transition to clean energy contribute to the company’s success deploying, owning and operating solar assets across ten states in the US. Adapture Renewables, Inc. is based in Oakland, CA. For more information about Adapture Renewables, Inc., visit https://adapturerenewables.com/.
Camille Cater
Adapture Renewables, Inc.
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BOSTON--(BUSINESS WIRE)--#EcoStruxure--Schneider Electric, the leader in digital transformation of energy management and automation, today released version 21.1 of EcoStruxure™ Automation Expert, its software-centric universal automation system. Adoption of the new technology is proving immediately beneficial for consumer-packaged goods, pharmaceutical and logistics enterprises.
Step-change advancements
“EcoStruxure Automation Expert v21.1 is an important milestone in our journey to help manufacturers achieve the step-change advancements possible with a digital-first approach to industrial automation,” said Fabrice Jadot, Senior Vice President, Next Generation Automation, Schneider Electric. “Today’s operations need to react quickly to fluctuating market and environmental dynamics and rapidly mitigate potential risks. By separating the hardware and software lifecycles, EcoStruxure Automation Expert enables automation applications to be built using asset-centric, portable, proven-in-use software components, independent of the underlying hardware infrastructure. This software-centric approach delivers unprecedented cost and performance gains and frees engineers to innovate by automating low-value work and eliminating task duplication across tools.”
GEA is one of the largest technology suppliers for food processing and a wide range of other industries. The company focuses on technologies, components, and sustainable solutions for sophisticated production processes in diverse end-user markets where time to market and agility is essential. EcoStruxure Automation Expert greatly simplifies the integration between operational technology (OT) and information technology (IT) creating new agility for GEA and its customers.
“Bringing IT and OT together is our vision at GEA, and EcoStruxure Automation Expert is helping us deliver what we promise to our customers,” said Matthias Wiemann, Head of Automation and Controls - Automation Separation, GEA. “Working together on these projects with Schneider Electric and EcoStruxure Automation Expert provides us with the faster time-to-market and flexibility that critical industries like food and beverage and pharmaceuticals need.”
Master Systèmes, an industrial automation system integrator and Schneider Electric Master Alliance partner, is using EcoStruxure Automation Expert to increase the agility and flexibility of one of its cosmetic customer plants.
“EcoStruxure Automation Expert allows us to modernize legacy automation systems to an Industry 4.0 solution in a managed, low risk and agile way,” said Maurice Re, director of automation, Master Systèmes. “This is a game-changer for us. EcoStruxure Automation Expert’s advanced engineering tools will help us reduce the time to develop an application and supports easy integration of IT technologies, including predictive maintenance. This translates into faster time to market with an easier to maintain solution for our customers.”
Schneider Electric is also implementing EcoStruxure Automation Expert in its own Smart Distribution Center in Shanghai, China to reduce costs and improve efficiency.
Because the software is decoupled from the hardware, modifying the conveying line to adapt as flow requirements change is easier and more cost-effective. With EcoStruxure Automation Expert, identifying the root cause of failure and troubleshooting is four times faster. And with 45% less products on the error line, throughput is increased by 5.3%.
"EcoStruxure Automation Expert provides a smooth integration of third-party software so now we can seamlessly adapt our operations by reconfiguring our processes to increase throughput,” said Mourad Tamoud, Chief Supply Chain Officer, Schneider Electric. “Having a holistic view across the full system using one single point of reference increases our maintenance efficiency through faster failure identification and response in our Shanghai Smart Distribution Center.”
Next-generation technology
Among other advancements, EcoStruxure Automation Expert V21.1 includes: enhanced cybersecurity, diagnostics, discovery and commissioning features, and expanded libraries and language support.
In addition, improved integration with AVEVA System Platform ensures EcoStruxure Automation Expert customers can take advantage of AVEVA’s market leading software for supervisory, enterprise SCADA, MES, and IIoT applications with minimal engineering overhead. One study showed the EcoStruxure Automation Expert and AVEVA combination reduced engineering efforts by over 50%.
Universal automation
As the most sustainable corporation in the world and a global manufacturer with an end-to-end network of Smart Factories and Smart Distribution Centers, Schneider Electric is on a mission to make industries of the future eco-efficient, agile, and resilient through open, software-centric industrial automation. With the newest release of EcoStruxure Automation Expert, Schneider Electric urges manufacturing and process industries to embrace the benefits of universal automation, sustainability, and digitalization to boost global economic recovery through next generation industrial automation.
Universal automation is the world of plug and produce automation software components enabled by the IEC61499 standard.
“EcoStruxure Automation Expert is changing the game for industrial automation and demonstrates Schneider Electric’s commitment to universal automation,” said Jadot. “We continue to invite industrial developers everywhere to create their own software components and solutions based on the IEC61499 standard, which can easily interoperate with EcoStruxure Automation Expert.”
About Schneider Electric
Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.
Our mission is to be your digital partner for Sustainability and Efficiency.
We drive digital transformation by integrating world-leading process and energy technologies, endpoint to cloud connecting products, controls, software, and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centres, infrastructure and industries.
We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.
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Hashtags: #SchneiderElectric #EcoStruxure #IndustriesOfTheFuture #UniversalAutomation #IEC61499
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NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Clean Energy Fuels Corp. (Nasdaq:CLNE) announced today it will release financial results for the first quarter of 2021 on Thursday May 6, 2021 after market close, followed by an investor conference call at 4:30 p.m. Eastern time (1:30 p.m. Pacific). President and Chief Executive Officer of Clean Energy Andrew J. Littlefair and Chief Financial Officer Robert M. Vreeland will host the call.
Investors interested in participating in the live call can dial 1.877.407.4018 from the U.S. and international callers can dial 1.201.689.8471. A telephone replay will be available approximately two hours after the call concludes through Sunday, June 6 by dialing 1.844.512.2921 from the U.S., or 1.412.317.6671 from international locations, and entering Replay Pin Number 13718519.
There also will be a simultaneous, live webcast available on the Investor Relations section of the Company's web site at www.cleanenergyfuels.com, which will be available for replay for 30 days.
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.
Robert M. Vreeland, CFO
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NEW YORK--(BUSINESS WIRE)--#corporateresponsibility--MetLife, Inc. (NYSE: MET) today announced that it has received 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.
The Sustained Excellence award is the highest honor bestowed by the ENERGY STAR program. It is awarded to ENERGY STAR partners that have made a long-term commitment to fighting climate change and protecting public health through energy efficiency and have demonstrated leadership year over year. This is the third consecutive year that MetLife has been named an ENERGY STAR Partner of the Year, leading to the company’s Sustained Excellence designation.
“At MetLife, environmental stewardship reflects our purpose as a company,” said MetLife Chief Sustainability Officer Jon Richter. “As part of our commitment to building a more confident future, we strive to operate sustainably and support our stakeholders in their efforts to make environmentally sound choices as well. We are proud of this recognition and look forward to continuing our collaboration with the ENERGY STAR program.”
In 2020, MetLife announced 11 new 2030 Environmental Goals aimed at reducing the environmental impact of the company’s global operations and supply chain, while leveraging its investments, products, and services to help protect communities and drive innovative solutions. By continuing to utilize ENERGY STAR resources, MetLife will make progress on its goals, which include reducing location-based greenhouse gas emissions by 30%.
MetLife has achieved ENERGY STAR certifications for 24.5 million square feet of real estate, contributing to reduced energy use and emissions across its portfolio. Of this, 3.5 million square feet is attributed to the corporate office network and 21 million square feet is attributed to portfolios managed by MetLife Investment Management (MIM), MetLife’s institutional asset management platform.
“While the pandemic has created a profound change in the way people work and live, our priorities around building an even more sustainable real estate business have remained the same,” said Robert Merck, global head of Real Estate and Agriculture for MetLife Investment Management. “We have continued to leverage ENERGY STAR’s data and benchmarking platform to devise a specific plan for each property type, which has resulted in meaningful energy reductions.”
These tailored plans include the deployment of MetLife’s MetZero™ program across the company’s MIM-managed real estate portfolio, which is designed to achieve carbon neutrality across the company’s real estate investment portfolios. Using a Carbon Cascade™ approach, MetZero reduces carbon through various programs including energy efficiency, on-site and off-site renewables, and the purchase of renewable energy credits (RECs) and offsets.
Since 2016, MetLife has achieved carbon neutrality annually for its global offices, fleet, and business travel.
Recognition from ENERGY STAR builds on a number of MetLife’s sustainability milestones, including:
For more information about ENERGY STAR, visit EnergyStar.gov/about. To learn more about MetLife’s commitment to sustainability, visit MetLife.com/Sustainability.
About MetLife
MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates (“MetLife”), is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world. Founded in 1868, MetLife has operations in more than 40 markets globally and holds leading positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com.
About MetLife Investment Management
MetLife Investment Management, the institutional asset management business of MetLife, Inc. (NYSE: MET), is a global public fixed income, private capital and real estate investment manager providing tailored investment solutions to institutional investors worldwide. MetLife Investment Management provides public and private pension plans, insurance companies, endowments, funds and other institutional clients with a range of bespoke investment and financing solutions that seek to meet a range of long-term investment objectives and risk-adjusted returns over time. MetLife Investment Management has over 150 years of investment experience and as of December 31, 2020, had $659.6 billion in total assets under management.1
Forward-Looking Statements
The forward-looking statements in this news release, such as “will,” “committed,” “creating,” “supporting,” and “opportunity,” are based on assumptions and expectations that involve risks and uncertainties, including the “Risk Factors” MetLife, Inc. describes in its U.S. Securities and Exchange Commission filings. MetLife’s future results could differ, and it has no obligation to correct or update any of these statements.
1 Total assets under management is comprised of all MetLife general account and separate account assets and unaffiliated/third party assets, at estimated fair value, managed by MIM.
Rachel Pokay
331-452-4122
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HOUSTON--(BUSINESS WIRE)--Cactus, Inc. (NYSE: WHD) (“Cactus” or the “Company”) today announced that it will issue its first quarter 2021 earnings release after market close on Wednesday, May 5, 2021. The Company will host a conference call to discuss financial and operational results on Thursday, May 6, 2021 at 9:00 a.m. Central Time (10:00 a.m. Eastern Time).
The call will be webcast on Cactus’ website at www.CactusWHD.com. Institutional investors and analysts may participate by dialing (833) 665-0603. International parties may dial (929) 517-0394. The access code is 4696372. Please access the webcast or dial in for the call at least 10 minutes ahead of start time to ensure a proper connection.
An archived webcast of the conference call will be available on the Company’s website shortly after the end of the call.
About Cactus, Inc.
Cactus designs, manufactures, sells and rents a range of highly engineered wellhead and pressure control equipment. Its products are sold and rented principally for onshore unconventional oil and gas wells and are utilized during the drilling, completion and production phases of its customers’ wells. In addition, it provides field services for all its products and rental items to assist with the installation, maintenance and handling of the wellhead and pressure control equipment. Cactus operates service centers in the United States, which are strategically located in the key oil and gas producing regions, including the Permian, Marcellus, Utica, Haynesville, Eagle Ford, Bakken and SCOOP/STACK, among other areas, and in Eastern Australia.
Cactus, Inc.
John Fitzgerald, 713-904-4655
Director of Corporate Development and Investor Relations
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NEW YORK--(BUSINESS WIRE)--#earthmonth--In recognition of its commitment to 100% renewable electricity and to reducing its carbon footprint, Colgate-Palmolive Company today received a 2021 ENERGY STAR® Partner of the Year Award for Sustained Excellence for its leadership in energy efficiency across global operations. This marks the 11th consecutive year that Colgate has been recognized by the U.S. Environmental Protection Agency and the U.S. Department of Energy as an authority in energy-saving practices.
This honor recognizes Colgate’s commitment to global sustainability, which is further defined in its 2025 Sustainability & Social Impact Strategy. Over the past year, Colgate has achieved measurable progress towards meeting the ambitious sustainability goals outlined in this Strategy, including:
The honor from ENERGY STAR® also recognized Colgate’s progress towards its long-time goal of reducing Scope 3 emissions by educating consumers about how to save water while using their products. Colgate’s Save Water campaign has helped consumers avoid more than an estimated 8.3 million metric tons of CO2 and 155 billion gallons of water since 2016 (that’s the amount of water it takes to fill 234,000 Olympic-sized pools).
“Since the Colgate brand is in more homes than any other, we have the opportunity to help people build sustainable habits into their everyday lives,” said Ann Tracy, Colgate’s Chief Sustainability Officer. “We are honored to be recognized by ENERGY STAR® for Colgate’s achievements in sustainability and ongoing efforts to lead action on climate change – from encouraging suppliers to reduce their energy consumption to making our operations even more energy efficient to helping consumers lead more sustainable lives through the use of our products.”
The 2021 ENERGY STAR recognition demonstrates Colgate’s ongoing momentum in its mission to reimagine a healthier, more sustainable future for all people, their pets and our planet. As of 2020, Colgate certified its 20th TRUE Zero Waste plant – more than any other company in the world, was named the top performing Household Products company on the Dow Jones Sustainability Indices, and committed to furthering climate progress through participation in the UN Global Compact’s Water Resilience Coalition. Additional details about Colgate’s energy management and investment practices can be found in the Sustainability section of Colgate’s website. For ongoing updates regarding Colgate’s sustainability progress and accomplishments, follow Colgate on LinkedIn.
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 companies—rely on their partnership with EPA to deliver cost-saving energy efficiency solutions. Since 1992, ENERGY STAR and its thousands of partners have helped American families and businesses avoid more than $450 billion in energy costs and achieve 4 billion metric tons of greenhouse gas reductions. More background information about ENERGY STAR can be found at: energystar.gov/about and https://www.energystar.gov/about/origins_mission/energy_star_numbers.
About Colgate-Palmolive Company:
Colgate-Palmolive Company is a caring, innovative growth company reimagining a healthier future for all people, their pets and our planet. Focused on Oral Care, Personal Care, Home Care and Pet Nutrition, the Company sells its products in more than 200 countries and territories under brands, such as Colgate, Palmolive, elmex, hello, meridol, Sorriso, Tom’s of Maine, EltaMD, Filorga, Irish Spring, PCA Skin, Protex, Sanex, Softsoap, Speed Stick, Ajax, Axion, Fabuloso, Soupline and Suavitel, as well as Hill’s Science Diet and Hill’s Prescription Diet. The Company is recognized for its leadership and innovation in promoting environmental sustainability and community well-being, including its achievements in saving water, reducing waste, promoting recyclability and improving children’s oral health through its Bright Smiles, Bright Futures program, which has reached more than one billion children since 1991. For more information about Colgate’s global business and how the Company is building a future to smile about, visit www.colgatepalmolive.com. CL-C
Robert Goodfellow
Colgate-Palmolive Company
646-277-1218
ClearGuide and IRIS Interoperability Via ClearMobility Cloud Pushes Real-time Traffic Data to Road Users Statewide
SANTA ANA, Calif.--(BUSINESS WIRE)--$ITI #ATMS--Iteris, Inc. (NASDAQ: ITI), the global leader in smart mobility infrastructure management, today announced that the Minnesota Department of Transportation (MnDOT) has launched the first statewide deployment of Iteris’ newly expanded ClearGuide™ software-as-a-service (SaaS) solution, which is now integrated with the Intelligent Roadway Information System (IRIS) open-source advanced traffic management system (ATMS). ClearGuide’s integration with IRIS is enabled by the ClearMobility™ Cloud, Iteris’ open-architecture cloud framework for smart mobility infrastructure management.
With this new deployment, the ClearMobility Cloud’s standardized data architecture enables ClearGuide to seamlessly provide real-time travel-time data to IRIS for the automatic update of variable message signs (VMS) through work zones across Minnesota, as well as overlay VMSs on ClearGuide’s real-time maps. MnDOT has been leveraging Iteris analytics services since 2013 and ClearGuide’s powerful transportation performance measures capabilities since adding ClearGuide in 2019, including: dynamic maps to support detailed traffic analysis; features to help identify and mitigate bottlenecks and congestion; animations to analyze events and optimize response plans; historical trend reports and congestion charts to track reliability and support planning; and easy analysis of major Minnesota roadways.
The ClearMobility Cloud’s mobility data management engine, application programming interface (API) framework and microservices ecosystem provide standardized data ingestion, cleansing and analytics, as well as authentication and security for each component of Iteris’ ClearMobility Platform. The ClearMobility Platform includes market-leading software applications, smart sensors, and cloud-enabled managed services that complement the company’s specialized consulting and advisory services.
Integrations with other third-party systems are planned for future ClearMobility Cloud releases. Additionally, subsequent releases of the ClearMobility Cloud will provide further capabilities to support Iteris’ growing portfolio of process virtualization offers, as well as enhance the company’s smart mobility infrastructure management solutions for various commercial sectors.
“It is our privilege to support MnDOT’s goal of improving the performance of its roadways, as well as the safety and quality of life of the traveling public, with this new integration between Iteris’ ClearGuide solution and the IRIS ATMS,” said Scott Perley, vice president, Application & Cloud Solutions at Iteris. “Enabled by Iteris’ ClearMobility Cloud, MnDOT will now be able to leverage the seamless two-way flow of real-time traffic information between the systems to be disseminated via VMSs throughout the state, and ultimately make Minnesota’s roads safer and more efficient.”
Over 50 government agencies, municipalities and commercial entities, including Transport Canada, Florida DOT, Minnesota DOT, Utah DOT, Virginia DOT, South Carolina DOT, the California Department of Transportation (Caltrans), the Pulice-FNF-Flatiron Joint Venture, the OC 405 Partners Joint Venture, and cities like Irvine, CA and Round Rock, TX, use the powerful transportation analytics capabilities of Iteris’ ClearGuide mobility intelligence and performance measurement solution to manage, measure and optimize complex transportation networks.
About Iteris, Inc.
Iteris is the global leader in smart mobility infrastructure management – the foundation for a new era of mobility. We apply cloud computing, artificial intelligence, advanced sensors, advisory services and managed services to achieve safe, efficient and sustainable mobility. Our end-to-end solutions monitor, visualize and optimize mobility infrastructure around the world to help ensure that roads are safe, travel is efficient, and communities thrive. Visit www.iteris.com for more information, and join the conversation on Twitter, LinkedIn and Facebook.
Iteris Forward-Looking Statements
This release may contain forward-looking statements, which speak only as of the date hereof and are based upon our current expectations and the information available to us at this time. Words such as "believes," "anticipates," "expects," "intends," "plans," "seeks," "estimates," "may," “should,” "will," "can," and variations of these words or similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, statements about the deployment of the project and benefits and impacts of our ClearGuide solution and ClearMobility platform. Such statements are not guarantees of future performance and are subject to certain risks, uncertainties, and assumptions that are difficult to predict, and actual results could differ materially and adversely from those expressed in any forward-looking statements as a result of various factors.
Important factors that may cause such a difference include, but are not limited to, our ability to successfully deliver services in a cost-effective manner; government funding and budgetary issues and delays; impact of influences and variances of general economic, political, environment, and other conditions in the markets we address; and the potential impact of product and service offerings from competitors and such competitors’ patent coverage and claims. Further information on Iteris, Inc., including additional risk factors that may affect our forward-looking statements, is contained in our Annual Report on Form 10-K, our Quarterly Reports on Form 10-Q, our Current Reports on Form 8-K, and our other SEC filings that are available through the SEC’s website (www.sec.gov).
Media Contact
David Sadeghi
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Investor Relations
MKR Investor Relations, Inc.
Todd Kehrli
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The report highlights progress around the company’s commitment to caring for people, protecting the environment, and providing responsibly sourced and sustainable products
ROSEMONT, Ill.--(BUSINESS WIRE)--US Foods Holding Corp. (NYSE: USFD) announced today the launch of the company’s 2020 Corporate Social Responsibility (CSR) Report. The report highlights progress against the company’s ongoing commitment to caring for people, protecting the environment, and providing responsibly sourced and sustainable products.
“I am proud of how our associates worked together to serve customers, communities and each other during the many challenges of 2020,” said Chairman and CEO Pietro Satriano. “Despite the unprecedented year, we were able to make meaningful progress against our corporate social responsibility commitments. We look forward to continuing to advance our three pillars of people, planet and products in the year ahead and beyond.”
The company’s 2020 highlights for its key CSR focus areas included:
People
Planet
Products
Learn more in the US Foods 2020 CSR report here.
1. Broadline business only.
2. Includes the Food Group of Companies, acquired in September 2019.
3. Emissions intensity measured as pounds of CO2e per case delivered.
4. Includes Smart Foodservice Warehouse Stores, acquired in April 2020.
About US Foods
US Foods is one of America’s great food companies and a leading foodservice distributor, partnering with approximately 300,000 restaurants and foodservice operators to help their businesses succeed. With 70 broadline locations and 80 cash and carry stores, US Foods provides its customers with a broad and innovative food offering and a comprehensive suite of e-commerce, technology and business solutions. US Foods is headquartered in Rosemont, Ill. Visit www.usfoods.com to learn more.
MEDIA CONTACT:
Sara Matheu
Director of Media Relations
773-580-3775
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MONTREAL--(BUSINESS WIRE)--#EV--ChargeHub by Mogile Technologies Inc., a leading electric vehicle (EV) mapping service that displays data on more than 100,000 public charging stations in North America, announced today that SemaConnect is the largest network to date to join its electric vehicle (EV) charging payment solution—ChargeHub Passport.
“Our goal from the beginning has been to make EV charging easier and expand access for drivers,” said Mahi Reddy, Founder & Chief Executive Officer of SemaConnect. “ChargeHub Passport is a key step towards making that access seamless for millions of current and future EV drivers in North America.”
The Maryland-based company has thousands of public charging stations across North America and continues to expand its reach. By joining this payment solution, over 700,000 ChargeHub mobile app users can activate a charging session with a tap of a button, removing the need for multiple mobile apps, memberships and RFID cards across different networks.
EV drivers can learn more about ChargeHub Passport here: www.chargehub.com/passport
“Our mission is to simplify the EV charging experience every step of the way,” said Simon Ouellette, CEO of Mogile Technologies Inc. “Having SemaConnect come on board is a significant step toward offering the EV community a comprehensive coverage with ChargeHub Passport.”
In 2020, ChargeHub Passport was launched as a payment solution to simplify the public charging experience for EV drivers. The payment service also works on charging networks ChargeLab and ZEF Energy, with more networks planned to join ChargeHub Passport in the coming months.
About ChargeHub by Mogile Technologies Inc.
Founded in 2013, ChargeHub by Mogile Technologies Inc., is an electric vehicle (EV) community-driven platform with the mission to improve the customer experience (CX). The platform offers a suite of charging solutions that drive lasting performance improvement in EV adoption and infrastructure deployment. ChargeHub leverages the contributions of its EV community to enable transparency in the reliability and accessibility of public charging stations on the North American continent. With over 700,000 users, the ChargeHub platforms display data on more than 100,000 public charging stations—essential insights that fully support EV drivers. For more information, visit www.chargehub.com.
About SemaConnect
SemaConnect is a leading provider of electric vehicle charging infrastructure solutions to the North American commercial, residential and fleet market. A complete EV support partner, SemaConnect delivers a truly modern property experience through innovative, elegantly designed charging stations and a robust and open network platform. The company has helped maximize property value and appeal through thousands of successful charging station deployments at Class A properties since its founding in 2008, for companies like CBRE, JLL, Hines, Greystar, Cisco Systems and Standard Parking. SemaConnect remains the preferred charging solutions partner to municipal, parking, multifamily, hotel, office, retail and commercial fleet customers across the United States and Canada. For more information, visit www.semaconnect.com.
Emie-Claude Lamoureux
Manager of Communications & Engagement
ChargeHub / Mogile Technologies Inc.
1-514-452-5322
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Jesus Ferro
Director of Marketing
SemaConnect
301 352 3730 x 225
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LYNCHBURG, Va.--(BUSINESS WIRE)--$BWXT--BWX Technologies, Inc. (NYSE: BWXT) (“BWXT”) announced today the closing of its previously announced offering of $400 million aggregate principal amount of 4.125% senior notes due 2029 (the “Notes”) in a private transaction exempt from the registration requirements of the Securities Act of 1933, as amended (the “Act”). The Notes are guaranteed by each of BWXT’s present and future direct and indirect wholly owned domestic subsidiaries that is a guarantor under BWXT’s credit facility.
BWXT intends to use the net proceeds from the offering of the Notes, together with cash on hand or borrowings under its credit facility, to redeem, on or after July 15, 2021, all of its outstanding 5.375% senior notes due 2026 (the “2026 Notes”) at the then-applicable redemption price. Pending the application of the net proceeds to redeem all outstanding 2026 Notes, BWXT intends to repay in full all indebtedness outstanding under its credit facility, with the remaining net proceeds to be held in cash or invested in short-term interest-bearing accounts, securities or similar investments.
This press release is neither an offer to sell nor a solicitation of an offer to buy any securities, nor shall there be any offer, solicitation or sale of the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Forward-Looking Statements
BWXT cautions that this press release contains forward-looking statements, including, without limitation, statements regarding the redemption of the 2026 Notes, the repayment of indebtedness under its credit facility and the other expected use of proceeds. These forward-looking statements are based on management’s current expectations and involve a number of risks and uncertainties, including, among other things, material adverse changes in economic or industry conditions generally and the market demand for the Notes. If one or more of these risks or other risks materialize, actual results may vary materially from those expressed or implied in these forward-looking statements. For a more complete discussion of other risk factors affecting BWXT, see BWXT’s filings with the Securities and Exchange Commission, including BWXT’s annual report on Form 10-K for the year ended December 31, 2020. BWXT cautions not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and undertakes no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.
About BWXT
At BWX Technologies, Inc. (NYSE: BWXT), we are People Strong, Innovation Driven. Headquartered in Lynchburg, Va., BWXT provides safe and effective nuclear solutions for national security, clean energy, environmental remediation, nuclear medicine and space exploration. With approximately 6,700 employees, BWXT has 12 major operating sites in the U.S. and Canada. In addition, BWXT joint ventures provide management and operations at more than a dozen U.S. Department of Energy and NASA facilities.
Investor Contact:
Mark Kratz
Vice President, Investor Relations
980-365-4300
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Media Contact:
Jud Simmons
Director, Media and Public Relations
434-522-6462
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BOSTON--(BUSINESS WIRE)--Mirova, a global investment affiliate of Natixis Investment Managers with $24 billion in assets under management1 specializing in sustainable finance, today announced the addition of Lindsey Apple as Proxy Voting and Engagement Lead at Mirova US. In her new role at Mirova, based in Boston, Apple will collaborate with portfolio managers and management on voting and engagement decisions in the US and in Europe. She will lead the firm’s voting policy as regulations, market practices and Mirova’s philosophy evolve. Apple will also carry out Mirova’s voting process during voting season while developing a dialogue with regulators, investors, and clients. Her role is crucial to Mirova’s commitment to Sustainable Investment and its objective to combine long-term value creation with sustainable development, accelerating the transition to a sustainable global economy. Mirova is committed to being an active and engaged shareholder since inception, and Apple’s hire is a new step towards strengthening Mirova’s leadership in active ownership.
Apple joins Mirova from MFS Investment Management where she managed the global corporate governance program, overseeing all proxy voting and engagement activity for the firm’s $500 billion assets under management. She served as a member of MFS’ Proxy Voting and Responsible Investing Committees as well as the firm’s Sustainable Working Group.
“In the last few years, the exponential growth of our assets under management has served to strengthen our belief that exercising Mirova’s voting rights is both a responsibility to our clients and a major driver in promoting sustainability – a way to affect real change,” said Nathalie Wallace, Head of Environmental, Social and Governance (ESG) Strategy & Development at Mirova US. “We’re thrilled that Lindsey will be joining us in this role bringing her diverse expertise and well-connected ecosystem, along with her meaningful engagement with organizations on sustainability issues.”
“I have been passionate about corporate sustainability for a long time, and I’m excited to bring my many years of working with management teams and boards to an organization committed to sustainable investing. Mirova is well positioned to be a market leader in advocating for the corporate world’s transition to sustainable governance and I can’t wait to help shape this change,” said Lindsey Apple, Proxy Voting and Engagement Lead, Mirova US.
Apple worked for MFS for eight years. In her earlier career, she was an attorney with Kerbey Harrington Pinkard LLP. She has also provided legal counsel for the formation of non-profit green startup corporations at Green Pro Bono. Apple earned her law degree from Suffolk University Law School and her bachelor’s degree from University of New Hampshire. She will be based in Boston and report to Mathilde Dufour, Head of Global Sustainability Research for Listed Asset and Amber Baker, Deputy CEO of Mirova US.
About Mirova
Mirova is an investment manager dedicated to responsible investment. Through a conviction-driven investment approach, Mirova’s goal is to combine value creation over the long term with sustainable development. Mirova’s experts have been pioneers in many areas of sustainable finance. Their ambition is to keep innovating to create the most impactful solutions to meet their clients’ goals. Mirova manages $24 billion as of December 31, 2020, which includes $4.96 billion managed by its US subsidiary that manages the Mirova Global Sustainable Equity Fund, Mirova US LLC.
About Natixis Investment Managers
Natixis Investment Managers serves financial professionals with more insightful ways to construct portfolios. Powered by the expertise of more than 20 specialized investment managers globally, we apply Active Thinking® to deliver proactive solutions that help clients pursue better outcomes in all markets. Natixis Investment Managers ranks among the world’s largest asset management firms2 with nearly $1.4 trillion assets under management3 (€1,135.5 billion). Not all offerings available in all jurisdictions. For additional information, please visit Natixis Investment Managers’ website at im.natixis.com | LinkedIn: linkedin.com/company/natixis-investment-managers.
Natixis Investment Managers’ distribution and service groups include Natixis Distribution, L.P., a limited purpose broker-dealer and the distributor of various U.S. registered investment companies for which advisory services are provided by affiliated firms of Natixis Investment Managers, Natixis Investment Managers S.A. (Luxembourg), Natixis Investment Managers International (France), and their affiliated distribution and service entities in Europe and Asia.
1 As of December 31, 2020, Mirova has $24 billion in assets under management globally. Mirova US LLC has $4.96 billion assets under management as of December 31, 2020.
2 Cerulli Quantitative Update: Global Markets 2020 ranked Natixis Investment Managers as the 17th largest asset manager in the world based on assets under management as of December 31, 2019.
3 Assets under management (“AUM”) as of December 31, 2020 is $1,389.7 billion. AUM, as reported, may include notional assets, assets serviced, gross assets, assets of minority-owned affiliated entities and other types of non-regulatory AUM managed or serviced by firms affiliated with Natixis Investment Managers.
Natixis Investment Managers
Kelly Cameron
Tel: 617-449-2543
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LONDON & NEW YORK--(BUSINESS WIRE)--General Atlantic, a leading global growth equity firm, announced today that Lord Browne of Madingley has joined the firm as a Senior Advisor, based in London.
Lord Browne will advise the firm on environmental, social and governance considerations, with a particular focus on the path to Net Zero emissions. He will work with General Atlantic to find new ways to invest in climate solutions, and help develop corporate strategies for addressing global climate change.
Lord Browne is a distinguished business leader, having served as Group Chief Executive of international energy company BP from 1995-2007. During that period he led the company through a period of major growth and change, including BP’s merger with Amoco in 1998, which created the first supermajor.
In a speech at Stanford University in 1997, Lord Browne became the first leader in the oil and gas industry to acknowledge the risk posed by climate and pledge to take action. Under his leadership, BP sought to go “Beyond Petroleum,” setting internal emissions reduction targets and launching new businesses in renewable and alternative energy. In 2007 Lord Browne joined Riverstone, an energy-focused private equity firm. He served as Co-Head of the firm’s $3.4 billion renewable energy and power fund which, at the time, was the world’s largest such fund.
Lord Browne sits on the boards of IHS Markit and SparkCognition, and is Chairman of Pattern Energy, a California-based wind and solar power developer established under his leadership at Riverstone. He has previously served on the boards of Goldman Sachs, Intel, DaimlerChrysler and SmithKline Beecham. Lord Browne is currently Chairman of Wintershall Dea, Europe’s largest independent gas and oil producer (measured by production), and Chairman of the Francis Crick Institute for biomedical research. He is an advisor to numerous companies operating at the intersection of science, engineering, energy and climate change.
"John has dedicated his efforts to the energy transition for decades," said Bill Ford, Chairman and Chief Executive Officer of General Atlantic. "He has an extensive knowledge of the entire energy value chain and understands the importance of ensuring that the planet’s biggest problems are addressed commercially. His intellect and ability to solve complex problems will bring tremendous value to our firm’s work in sustainability and strengthen our partnerships with businesses that are creating the sustainable technologies of the future."
Lord Browne commented, "Addressing global climate change requires a systemic transformation at a pace and scale never seen before. It is a challenge which has shaped my own career since the 1990s. Investment in engineered climate solutions now needs to increase significantly, and I look forward to working with General Atlantic to help shape the future of climate investing."
Lord Browne is a Fellow and past President of the Royal Academy of Engineering, a Fellow of the Royal Society, and a Fellow of the American Academy of Arts and Sciences. He is a Chairman and Member of a variety of boards serving the UK government, the arts, and universities.
Lord Browne was knighted in 1998 and made a life peer in 2001.
About General Atlantic
General Atlantic is a leading global growth equity firm providing capital and strategic support for growth companies. Established in 1980, General Atlantic combines a collaborative global approach, sector specific expertise, a long-term investment horizon and a deep understanding of growth drivers to partner with great entrepreneurs and management teams to build exceptional businesses worldwide. General Atlantic has more than 175 investment professionals based in New York, Amsterdam, Beijing, Greenwich, Hong Kong, Jakarta, London, Mexico City, Mumbai, Munich, Palo Alto, São Paulo, Shanghai, and Singapore. For more information on General Atlantic, please visit the website: www.generalatlantic.com
Mary Armstrong & Emily Japlon
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Integration of Qspeed boost diode results in simplest active PFC solution; targets PC and TV power supply applications
SAN JOSE, Calif.--(BUSINESS WIRE)--Power Integrations (Nasdaq: POWI), the leader in high-voltage integrated circuits for energy-efficient power conversion, today announced that its HiperPFS™-4 power factor correction (PFC) controller IC is now available with an integrated Qspeed™ low reverse recovery charge (Qrr) boost diode. This combination delivers greater than 98% full-load efficiency in PC, TV, and similar applications between 75 W and 400 W.
Comments Power Integrations’ product marketing manager Edward Ong: “Designs using HiperPFS-4 ICs show very high efficiency across the load range with as little as 36 mW of no-load power consumption at 230 VAC. The HiperPFS-4 family is ideal for PCs and TVs, and also for battery chargers, power tools, industrial power supplies and LED lighting. The active devices incorporated into HiperPFS-4 ICs are rated to 600 V, which eases compliance with frequently requested 80% de-rating specifications.”
The HiperPFS-4 IC combines continuous conduction mode (CCM) PFC control circuitry, the boost diode and a 600 V MOSFET in one device. Including the boost diode reduces heatsink mounting, leading to a simpler design and better thermal performance. Furthermore, the built-in Qspeed diode also provides greater robustness against AC line surges since parasitic trace inductances are minimized, which in turn reduces voltage spikes seen by the power switch during transients by up to 50 V. The integrated 600 V MOSFET is therefore easily able to meet the 80% de-rating requirement when delivering a 385 VDC constant-voltage bus.
HiperPFS-4 ICs achieve a power factor of greater than 0.95 at above 20% load. The Qspeed boost diode is optimized for continuous conduction mode PFC operation featuring very low reverse recovery losses that approach the performance of silicon carbide devices without the financial penalty.
Availability & Resources
The HiperPFS-4 power factor correction (PFC) controller IC packaged with a QSpeed low Qrr boost diode is available now in volume product quantities. Devices are priced starting at $1.56 in quantities of 10,000. For more details contact a Power Integrations sales representative or one of the company’s authorized worldwide distributors: Digikey, Farnell, Mouser, and RS Components.
About Power Integrations
Power Integrations, Inc. is a leading innovator in semiconductor technologies for high-voltage power conversion. The company’s products are key building blocks in the clean-power ecosystem, enabling the generation of renewable energy as well as the efficient transmission and consumption of power in applications ranging from milliwatts to megawatts. For more information please visit www.power.com.
Power Integrations, HiperPFS-4, Qspeed and the Power Integrations logo are trademarks or registered trademarks of Power Integrations, Inc. All other trademarks are the property of their respective owner.
Media Contact
Diane Vanasse
Power Integrations, Inc.
(408) 242-0027
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Press Agency Contact
Nick Foot
BWW Communications
+44-7808-362251
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DUBLIN--(BUSINESS WIRE)--The "DC Power Supplies - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Amid the COVID-19 crisis, the global market for DC Power Supplies estimated at US$347.7 Million in the year 2020, is projected to reach a revised size of US$475.6 Million by 2027, growing at a CAGR of 4.6% over the period 2020-2027.
AC-DC, one of the segments analyzed in the report, is projected to record 5.1% CAGR and reach US$287.7 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the DC-DC segment is readjusted to a revised 3.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $93.8 Million, While China is Forecast to Grow at 7.4% CAGR
The DC Power Supplies market in the U.S. is estimated at US$93.8 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$99.6 Million by the year 2027 trailing a CAGR of 7.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 3.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR.
Select Competitors (Total 36 Featured):
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/icoqgl
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Document outlines effective exchange security to help educate users, policymakers, cybersecurity professionals on secure crypto-exchanges
SEATTLE--(BUSINESS WIRE)--#blockchain--The Cloud Security Alliance® (CSA), the world’s leading organization dedicated to defining and raising awareness of best practices to help ensure a secure cloud computing environment, today announced the release of the Crypto-Asset Exchange Security Guidelines, a set of guidelines and best practices for crypto-asset exchange (CaE) security. Drafted by CSA’s Blockchain/Distributed Ledger Working Group, the document provides readers with a comprehensive set of guidelines for effective exchange security to help educate users, policymakers, and cybersecurity professionals on the pros and cons of further securing cryptocurrency exchanges, including both Decentralized Exchanges (DEX) and hosted wallets at cloud-based exchanges, OTC desks, and cryptocurrency swap services.
Cryptocurrency exchanges are increasingly becoming targets of hackers. For instance, last December, U.K.-based cryptocurrency exchange Exmo “detected suspicious withdrawal activity” to the tune of more than $10 million. Months earlier, a secure hardware wallet provider, Ledger, was hacked and lost 272,000 customer records.
The document includes a model that identifies the 10 top threats to crypto exchanges, plus a reference architecture and set of security best practices for the end-user, exchange operators, and auditors. Also covered are security control measures across a wide area of administrative and physical domains.
“As the digital assets industry evolves and matures, crypto-asset exchanges increasingly cover areas that were, for decades, the sole dominion of long-established financial service institutions,” said Bill Izzo, co-chair of CSA’s Blockchain/Distributed Ledger Working Group. “It’s our hope that this document will provide a roadmap for those tasked with ushering new and existing financial services organizations into the future in a controlled and secure manner.”
The Blockchain/Distributed Ledger Technology Working Group works to produce useful content to educate different industries on blockchain and its proper use, as well as define blockchain security and compliance requirements based upon different industries and use cases. Individuals interested in becoming involved in the future research and initiatives are invited to do so by visiting the Blockchain/Distributed Ledger Working Group join page.
Download the Crypto-Asset Exchange Security Guidelines.
About Cloud Security Alliance
The Cloud Security Alliance (CSA) is the world’s leading organization dedicated to defining and raising awareness of best practices to help ensure a secure cloud computing environment. CSA harnesses the subject matter expertise of industry practitioners, associations, governments, and its corporate and individual members to offer cloud security-specific research, education, training, certification, events, and products. CSA's activities, knowledge, and extensive network benefit the entire community impacted by cloud — from providers and customers to governments, entrepreneurs, and the assurance industry — and provide a forum through which different parties can work together to create and maintain a trusted cloud ecosystem. For further information, visit us at www.cloudsecurityalliance.org, and follow us on Twitter @cloudsa.
Kari Walker for the CSA
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HALIFAX, Nova Scotia--(BUSINESS WIRE)--On April 12, 2021, the Board of Directors of Emera Inc. (TSX: EMA) approved quarterly dividends on its common shares and First Preferred Shares, each of which is payable on and after May 17, 2021 to the applicable shareholders of record at the close of business on May 3, 2021, as follows:
Emera Inc. hereby notifies the shareholders of its common shares and its First Preferred Shares that such dividends declared qualify as eligible dividends pursuant to the Income Tax Act (Canada) and corresponding provincial legislation.
About Emera
Emera Inc. is a geographically diverse energy and services company headquartered in Halifax, Nova Scotia, with approximately $31 billion in assets and 2020 revenues of more than $5.5 billion. The company primarily invests in regulated electricity generation and electricity and gas transmission and distribution with a strategic focus on transformation from high carbon to low carbon energy sources. Emera has investments throughout North America, and in four Caribbean countries. Emera’s common and preferred shares are listed on the Toronto Stock Exchange and trade respectively under the symbol EMA, EMA.PR.A, EMA.PR.B, EMA.PR.C, EMA.PR.E, EMA.PR.F, EMA.PR.H and EMA.PR.J. Depositary receipts representing common shares of Emera are listed on the Barbados Stock Exchange under the symbol EMABDR and on The Bahamas International Securities Exchange under the symbol EMAB. Additional Information can be accessed at www.emera.com or at www.sedar.com.
Emera Inc.
Investor Relations:
Erin Power, Director, Investor Relations
902-428-6760
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Media:
902-222-2683
Oil and gas operator increases productivity and efficiency by moving its myQuorum TIPS gas gathering processes to the cloud
HOUSTON--(BUSINESS WIRE)--Quorum Software (“Quorum”), a world leader in digital transformation for the energy industry, today announced that Merit Energy Company (“Merit”) has successfully transitioned its gathering assets to myQuorum TIPS in the cloud. Merit operations have defined success in the energy industry for over three decades, driven by a focus on reducing costs, improving efficiency, increasing production, and maximizing safety. Moving gas gathering business workflows to the Quorum cloud further enhances Merit’s operations and streamlines acquisitions.
“Merit has a proven model that supports how we operate,” said Kyle Richardson, Accounting Manager at Merit. “Our operations are built on 30 years of experience, a detailed understanding of our assets, and a disciplined approach at every site,” continued Richardson. “Our partnership with Quorum goes back decades, and the TIPS software has evolved and adapted to meet the changing needs of our business, including the transition to the cloud.”
Quorum and Merit transitioned existing gathering assets to myQuorum TIPS, the cloud-enabled version of the 20-year leader in gas scheduling and accounting software. In addition, Quorum conducted data migration for several newly acquired gathering assets into myQuorum TIPS. These processes enable Merit to focus on managing the business, while Quorum supports the company’s infrastructure needs, keeps assets running on the most current software, and empowers the accounting team to support operations with the latest features, functionality, and reporting available. Merit’s solution for gas gathering includes:
For information on how Quorum is powering the business of energy, visit quorumsoftware.com.
About Quorum Software
Quorum Software is the world’s largest provider of digital technology focused solely on business workflows that empower the next evolution of energy. From emerging companies to supermajors, throughout every region of the globe, customers rely on Quorum’s proven innovation and unmatched global expertise to streamline business operations and make data-driven decisions that optimize profitability and growth. Our industry-leading solutions are transforming energy companies across the entire value chain, helping visionary leaders evolve their organizations into modern energy companies. Visit quorumsoftware.com.
About Merit Energy Company
Merit Energy is a private oil and gas company founded in 1989 with a simple goal: play from the center. Merit does not chase trends. We have a tested approach and we do it well — a proven and prudent player which has delivered solid returns time and time again. Visit meritenergy.com for more.
Jenna Billings
978 618 8424
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More than $406 million paid to 50 Counties and 246 Cities
SAN FRANCISCO--(BUSINESS WIRE)--Pacific Gas and Electric Company (PG&E), which serves more than 16 million Californians, is paying property taxes and franchise fees of over $406 million this spring to the 50 counties, 246 local cities and one district where it owns and operates gas and electric infrastructure.
“Property tax and franchise fee payments are one of the many important ways PG&E helps drive our hometowns and supports essential public services like education and public safety. This year’s payments reflect the substantial local investments we are making in our gas and electric infrastructure to create a safer and more reliable system and to better mitigate against wildfire risk,” said Chris Foster, Executive Vice President and Chief Financial Officer for PG&E.
On April 12, PG&E paid property taxes of more than $268 million to the 50 counties in which it owns property. The payment covers the period from January 1 to June 30, 2021. Total payments for the tax year of July 1, 2020 to June 30, 2021 are more than $537 million.
PG&E pays franchise fees to cities and counties for the use of public streets for its gas and electric facilities. The energy company is submitting the fees by April 15.
PG&E’s franchise fee payments totaled more than $138 million – more than $42 million for natural gas and nearly $96 million for electric service.
In 2020, PG&E invested about $7 billion to enhance and upgrade its gas and electrical infrastructure for safety, reliability and wildfire mitigation across Northern and Central California, and the increase in property tax payments reflect those continuing investments.
PG&E supports the communities it serves in a variety of ways. Last year, PG&E and the PG&E Corporation Foundation provided $17.5 million in charitable contributions in communities throughout Northern and Central California to enhance educational opportunities, preserve the environment, and support economic vitality and emergency preparedness. This included more than $1 million in relief to communities and small businesses for COVID 19 impacts. PG&E employees provide volunteer service in their local communities. The company also offers a broad spectrum of economic development services to help local businesses grow.
PG&E’s Second Installment of Property Taxes Paid on April 12, 2021
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:
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