DUBLIN--(BUSINESS WIRE)--The "Autonomous Ships - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Autonomous Ships Market to Reach $9.9 Billion by 2027
Amid the COVID-19 crisis, the global market for Autonomous Ships estimated at US$ 6.8 Billion in the year 2020, is projected to reach a revised size of US$ 9.9 Billion by 2027, growing at a CAGR of 5.6% over the period 2020-2027.
Commercial, one of the segments analyzed in the report, is projected to record 5.8% CAGR and reach US$ 6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Defense segment is readjusted to a revised 5.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2 Billion, While China is Forecast to Grow at 5.2% CAGR
The Autonomous Ships market in the U.S. is estimated at US$ 2 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$ 1.7 Billion by the year 2027 trailing a CAGR of 5.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.3% and 4.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS (Total 36 Featured):
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. GEOGRAPHICAL MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/53m7f8
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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HOUSTON--(BUSINESS WIRE)--Microvast, a leading global provider of next-generation battery technologies for commercial and specialty vehicles that recently announced a planned business combination with Tuscan Holdings Corp. (Nasdaq: THCB), today announced the initial delivery of battery systems to French bus manufacturer SAFRA in Albi, France. Microvast will provide SAFRA with three standard certified battery products for its full electric and hybrid buses, as well as for the refurbishment of the bus fleet over the next three years.
Microvast collaborates with SAFRA to propel the electrification of French bus market
Last October, Microvast was nominated as the battery supplier for the full-electric bus, hybrid bus, and the retrofit bus of the French bus OEM SAFRA. Under the framework supply agreement, Microvast will supply up to 2,000 battery packs from Microvast over three years, starting in March 2021.
Key factors in the selection of Microvast were its standard and certified battery pack offerings that fulfill the technical requirements. The Microvast battery packs can be flexibly connected in serial and/or parallel to reach different voltage and energy levels.
The high level of standardization and modularity can accommodate various project demands. Furthermore, Microvast battery packs are expected to be certified with ECE R100.2 by June 2021, so that the vehicle can conform to the ECE regulation.
With the planned launch of SAFRA’s e-bus late this year, Microvast will further expand its footprint in the French e-bus market. Meanwhile, both parties are exploring further opportunities in the fuel cell bus and bus retrofit business. Since Microvast has the complete vertical integrated capability of battery design and production from material to turn-key solution, it can continuously upgrade its solutions by developing new high-performance cells to fit into the standard module and pack products.
About Microvast
Microvast, Inc. is a technology innovator that designs, develops and manufactures lithium-ion battery solutions. Founded in 2006 and headquartered in Houston, TX, Microvast is renowned for its cutting-edge cell technology and its vertical integration capabilities which extends from core battery chemistry (cathode, anode, electrolyte, and separator) to battery packs. By integrating the process from raw material to system assembly, Microvast has developed a family of products covering a broad breadth of market applications. More information can be found on the corporate website: www.microvast.com.
About SAFRA
SAFRA, founded in 1955, is based in Albi, France. It has grown to become a Group and its 3 companies are located on an 8-hectare site with more than 16,000 m² of covered buildings. In 2020, the SAFRA Group had a turnover of 24 million euros, and employed 245 staff in its various companies. SAFRA company (Public Transport Equipment) has 2 areas of activity: SAFRA Manufacturer, which designs, manufactures and sells a complete range of urban electric buses under the Businova brand. This bus boasts an atypical design and innovative architecture and is sold in a number of different versions, with 2 dimensions (10.5m and 12m) and 3 types of engine (rechargeable electric hybrid, pure electric or hydrogen), all of which meet the requirements of the new French Energy Transition Law directives. And SAFRA Rénovation, specialising in equipment, fittings, renovation and heavy maintenance services for urban transport vehicles (buses, trams, underground trains, railway coaches).
About Tuscan
Tuscan Holdings Corp. is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Tuscan’s management team is led by Stephen Vogel, Chairman and Chief Executive Officer. Tuscan is listed on Nasdaq under the ticker symbol "THCB."
About InterPrivate
InterPrivate Capital is a private investment firm that invests on behalf of a consortium of family offices. The firm’s unique independent co-sponsor structure provides its investors with the deep sector expertise and transaction execution capabilities of veteran deal-makers from the world’s leading private equity and venture capital firms. Affiliates of InterPrivate Capital act as sponsors, co-sponsors and advisors of SPACs, and manage a number of investment vehicles on behalf of its family office co-investors that participate in private and public opportunities, including PIPE investments in support of the firm’s sponsored business combinations. For more information regarding InterPrivate Capital, please visit www.interprivate.com. For more information regarding InterPrivate’s SPAC strategy, please visit www.ipvspac.com.
Additional Information and Where to Find It
In connection with the proposed transaction (the “Proposed Transaction”) involving Tuscan Holdings Corp., a Delaware corporation (“Tuscan”) and Microvast, Inc. a Delaware corporation (“Microvast”), Tuscan intends to file relevant materials with the SEC, including a proxy statement. On February 16, 2021 Tuscan filed a preliminary proxy statement with the SEC relating to the Proposed Transaction. This document is not a substitute for the proxy statement. INVESTORS AND SECURITY HOLDERS AND OTHER INTERESTED PARTIES ARE URGED TO READ THE PROXY STATEMENT AND 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 BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT MICROVAST, TUSCAN, THE PROPOSED TRANSACTION AND RELATED MATTERS. The proxy statement and other documents relating to the Proposed Transaction (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 communication is for informational purposes only and is not intended to and shall not constitute a proxy statement or the solicitation of a proxy, consent or authorization with respect to any securities in respect of the Proposed Transaction and shall not constitute an offer to sell or the solicitation of an offer to buy or subscribe for any securities or a solicitation of any vote of approval, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Participants in Solicitation
This communication is not a solicitation of a proxy from any investor or securityholder. However, Tuscan, Microvast, and certain of their directors and executive officers may be deemed to be participants in the solicitation of proxies in connection with the Proposed Transaction 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 25, 2021. To the extent that holdings of Tuscan’s securities have changed since the amounts included in Tuscan’s Annual Report, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. Additional information regarding the participants is also included in the preliminary proxy statement filed on February 16, 2021 and will be included in the definitive proxy statement, when it becomes available. When available, these documents can be obtained free of charge from the sources indicated above.
Cautionary Statement Regarding 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. These forward-looking statements include, but are not limited to, statements regarding Microvast’s industry and market sizes, future opportunities for Tuscan, Microvast and the combined company, Tuscan’s and Microvast’s estimated future results and the Proposed Transaction, including the implied equity value, the expected transaction and ownership structure and the likelihood and ability of the parties to successfully consummate the Proposed Transaction. Such 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) inability to complete the Proposed Transaction or, if Tuscan does not complete the Proposed Transaction, any other business combination; (2) the inability to complete the Proposed Transaction due to the failure to meet the closing conditions to the Proposed Transaction, including the inability to obtain approval of Tuscan’s stockholders, the inability to consummate the contemplated PIPE financing, the failure to achieve the minimum amount of cash available following any redemptions by Tuscan stockholders, the failure to meet the Nasdaq listing standards in connection with the consummation of the Proposed Transaction, or the occurrence of any event, change or other circumstances that could give rise to the termination of the definitive agreement; (3) costs related to the Proposed Transaction; (4) a delay or failure to realize the expected benefits from the Proposed Transaction; (5) risks related to disruption of management time from ongoing business operations due to the Proposed Transaction; (6) the impact of the ongoing COVID-19 pandemic; (7) changes in the highly competitive market in which Microvast competes, including with respect to its competitive landscape, technology evolution or regulatory changes; (8) changes in the markets that Microvast targets; (9) risk that Microvast may not be able to execute its growth strategies or achieve profitability; (10) the risk that Microvast is unable to secure or protect its intellectual property; (11) the risk that Microvast’s customers or third-party suppliers are unable to meet their obligations fully or in a timely manner; (12) the risk that Microvast’s customers will adjust, cancel, or suspend their orders for Microvast’s products; (13) the risk that Microvast will need to raise additional capital to execute its business plan, which may not be available on acceptable terms or at all; (14) the risk of product liability or regulatory lawsuits or proceedings relating to Microvast’s products or services; (15) the risk that Microvast may not be able to develop and maintain effective internal controls; (16) the outcome of any legal proceedings that may be instituted against Tuscan, Microvast or any of their respective directors or officers following the announcement of the Proposed Combination; (17) risks of operations in the People’s Republic of China; and (18) the failure to realize anticipated pro forma results and underlying assumptions, including with respect to estimated stockholder redemptions and purchase price and other adjustments.
Actual results, performance or achievements may differ materially, and potentially adversely, from any projections and forward-looking statements and the assumptions on which those forward-looking statements are based. There can be no assurance that the data contained herein is reflective of future performance to any degree. You are cautioned not to place undue reliance on forward-looking statements as a predictor of future performance as projected financial information and other information are based on estimates and assumptions that are inherently subject to various significant risks, uncertainties and other factors, many of which are beyond our control. All information set forth herein speaks only as of the date hereof in the case of information about Tuscan and Microvast or the date of such information in the case of information from persons other than Tuscan or Microvast, 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. Forecasts and estimates regarding Microvast’s industry and end markets are based on sources we believe to be reliable, however there can be no assurance these forecasts and estimates will prove accurate in whole or in part. Annualized, pro forma, projected and estimated numbers are used for illustrative purpose only, are not forecasts and may not reflect actual results.
Microvast Investor Relations
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Microvast Public Relations
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Microvast European Media
Press Office Microvast GmbH
c/o Jeschenko MedienAgentur Berlin GmbH
Zehdenicker Straße 12 a, 10119 Berlin
Tel. +49 30 443183-16
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Tuscan Holdings Corp.
Investor Relations, ICR
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InterPrivate Capital
Charlotte Luer
Investor Relations
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Press Office SAFRA
5 Rue Copernic
81000 Albi – France
Tel. +33 5 63 48 44 10
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CRISPRi Innovations Provide Expanded Experimental Options and Flexibility For Researchers Facilitating Disease & Drug Research
WALTHAM, Mass.--(BUSINESS WIRE)--Horizon Discovery, a PerkinElmer, Inc. (NYSE:PKI) company, today announced that its gene editing and modulation portfolio is expanding to include a new family of CRISPR modulation (CRISPRmod) reagents for CRISPR interference (CRISPRi). CRISPRi enables scientists to better understand the biological pathways, processes and pathologies of disease by repressing genes at the transcriptional level, ultimately leading to new therapeutic approaches.
The new reagents include the first-ever commercially available synthetic single guide RNAs for CRISPRi, as well as a patent-pending, dCas9-SALL1-SDS3 repressor available in mRNA and lentiviral formats. With these new technologies, researchers will have the flexibility to repress genes in almost all cell lines, over any length of time, and at any scale from single gene readouts to high-throughput studies.
The novel dCas9-SALL1-SDS3 repressor was developed following extensive research and has shown more robust and consistent gene modulation over a longer course of time compared to current-generation CRISPRi products.
Alan Fletcher, SVP Life Sciences at PerkinElmer said, “CRISPRi is gene knockdown, not knockout. It’s CRISPR without the cut, so it offers a temporary and nuanced approach which is ideal for researchers looking to mimic cellular effects of small molecule drugs or do multiplexed gene interrogation. By offering these new reagents, in addition to our existing CRISPR options, we’re primed to aid researchers in achieving even more exciting breakthroughs in the years ahead.”
Horizon Discovery’s Dharmacon technology, with its patented siRNA tools, has been the market leader in gene modulation for more than 20 years. Since the discovery of CRISPR gene editing tools, Horizon has been on the forefront offering guide and nuclease products to enable precision DIY CRISPR knockout and knock-in as well as custom screening and cell line production services. CRISPRmod CRISPRi continues the tradition of innovation by developing novel CRISPR-based transcriptional gene modulation reagents. Portfolio-wide, Horizon helps researchers answer fundamental biological questions leading to therapeutic advancements.
For further information on Horizon Discovery’s CRISPRi technology, please visit: https://horizondiscovery.com/en/applications/crisprmod/crispri.
About PerkinElmer
PerkinElmer enables scientists, researchers, and clinicians to address their most critical challenges across science and healthcare. With a mission focused on innovating for a healthier world, we deliver unique solutions to serve the diagnostics, life sciences, food, and applied markets. We strategically partner with customers to enable earlier and more accurate insights supported by deep market knowledge and technical expertise. Our dedicated team of about 14,000 employees worldwide is passionate about helping customers work to create healthier families, improve the quality of life, and sustain the well-being and longevity of people globally. The Company reported revenue of approximately $3.8 billion in 2020, serves customers in 190 countries, and is a component of the S&P 500 index. Additional information is available through 1-877-PKI-NYSE, or at https://www.perkinelmer.com/.
Media:
Jennifer McNeil
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+1 508.380.2902
Ribbon-cutting celebrates new Blackwood, NJ headquarters
BLACKWOOD, N.J.--(BUSINESS WIRE)--#1000greenjobs--Vision Solar, one of the fastest growing residential solar energy companies in the United States, celebrated the opening of its new flagship facility in Blackwood, NJ with a ribbon-cutting ceremony this past weekend.
A full-service renewable energy company, Vision Solar sells, installs, and maintains residential solar powered electricity systems across New Jersey as well as in Pennsylvania, Arizona, Massachusetts, and Florida. Following more than $100M in sales revenues in 2020, Vision Solar expects revenues to grow to $150M in 2021 as it adds more than 600 jobs to its workforce, chiefly in New Jersey. The company is rapidly expanding, with offices to open in Connecticut, Arizona, Texas, and two additional locations in Florida in 2021, and in Puerto Rico in 2022.
“We are proud to be able to give back to people in our community by providing good green jobs for workers, and by helping homeowners establish a smaller carbon footprint and lessen their impact on the environment,” said Mike Eden, Chief Revenue Officer and Blackwood native.
Vision Solar has provided opportunities for energy savings and a reduced carbon footprint to New Jersey customers since 2018. Growing at a projected rate of 168%, the company expects to add more than 1,000 green jobs to the region by the end of 2022.
“Our dedication to the community is underscored by the hundreds of high paying jobs that Vision Solar is set to create,” said Blackwood born and raised Jonathan Seibert, Vision Solar Chief Executive Officer. “Many of these jobs will be based out of our Blackwood headquarters and provide our employees with an exciting new career path.”
The new facility, Vision Solar’s second in Blackwood, will serve as the company’s national headquarters, housing its executive offices as well as sales and training divisions. Washington Township Mayor Joann Gattinelli cut the ribbon of the company’s new headquarters.
“As the mayor of a town recognized at the Silver Level by Sustainable Jersey, I am proud to see former members of our community return to Washington Township and bring their green business and job opportunities with them,” said Joann Gattinelli, Washington Township Mayor. “Opening a business here, during these challenging times, speaks to the drive of Vision Solar’s leadership. We are excited for them and look forward to supporting their journey.”
To learn more about Vision Solar, please visit: https://visionsolar.llc/.
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DUBLIN--(BUSINESS WIRE)--The "Pressure Vessel Composite Materials Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Material and End User" report has been added to ResearchAndMarkets.com's offering.
According to this report the global pressure vessel composite materials market was valued at US$ 758.36 million in 2019 and is projected to reach US$ 3,539.95 million by 2027; it is expected to grow at a CAGR of 21.4 % during 2020-2027. The report highlights key driving factors and prominent market players along with their developments in the market.
Pressure vessel composite materials are used in pressure vessels used to store gases and liquids under high pressure. A composite material is a combination of materials that vary in composition or shape on a macro scale. These materials do not dissolve or otherwise blend entirely into each other. Composite materials help boost efficiency of applications on which it is used and can deliver a large amount of material savings. Therefore, most of them are needed in various industries such as oil refineries, nuclear reactors, automobiles, gas repositories, and aerospace.
The chemicals industry is growing across the world due to the increasing consumption of goods such as fertilizers and other agrochemical products, coatings and adsorbents, LED lightings, plastics, and human-made fibers, and research laboratory chemicals. According to the International Council of Chemical Associations (ICCA), the chemical industry was valued at US$ 5.7 trillion in 2019, which was equivalent to a 7% share in the global GDP. Also, the petrochemical industry is receiving a huge demand from various construction projects worldwide.
Pressure vessels are designed to work by reaching the pressure level required to make an application function, such as holding air in a scuba tank. It can deliver pressure either directly by valves and release gauges or indirectly via heat transfer. Potential pressure levels ranges from 15 psi to 150,000 psi, while temperatures are usually above 400C (750F). A pressure tank can hold anywhere from 75 liters (20 gallons) to many thousand liters. Pressure vessels are used in different industries, but chemical, oil & gas, and energy industry are the main industries.
The COVID-19 outbreak was first reported in Wuhan (China) in December 2019. Lockdowns, travel bans, and business shutdown measures are restricting the supplies of chemicals and materials products, which is causing a significant loss for pressure vessels composite materials manufacturers.
Reasons to Buy
Market Dynamics
Drivers
Restraint
Opportunity
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/8dhv6u
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DUBLIN--(BUSINESS WIRE)--The "Middle East Oil and Gas Projects Outlook to 2025 - Development Stage, Capacity, Capex and Contractor Details of All New Build and Expansion Projects" report has been added to ResearchAndMarkets.com's offering.
The Middle East is expected to witness 615 projects to commence operations during the period 2021-2025. Out of these, upstream projects would be 77, midstream would be 143, refinery at 83 and petrochemical would the highest with 312 projects respectively.
Scope
Reasons to Buy
Key Topics Covered:
1. Introduction
1.1 What is this Report About?
1.2 Market Definition
2. Oil and Gas Projects Outlook in Middle East
2.1 Oil and Gas Projects in Middle East, Overview of Projects Data
2.2 Oil and Gas Projects in Middle East, Projects by Sector
2.3 Oil and Gas Projects in Middle East, Projects by Type
2.4 Oil and Gas Projects in Middle East, Projects by Stage
2.5 Oil and Gas Projects in Middle East, Projects by Key Countries
3. Oil and Gas Projects Outlook in Iran
3.1 Oil and Gas Projects in Iran, Overview of Projects Data
3.2 Oil and Gas Projects in Iran, Projects by Sector
3.3 Oil and Gas Projects in Iran, Projects by Type
3.4 Oil and Gas Projects in Iran, Projects by Stage
3.5 Oil and Gas Projects in Iran, Projects Development Stage, Capacity, Project Cost, and Contractor Details
4. Oil and Gas Projects Outlook in Saudi Arabia
4.1 Oil and Gas Projects in Saudi Arabia, Overview of Projects Data
4.2 Oil and Gas Projects in Saudi Arabia, Projects by Sector
4.3 Oil and Gas Projects in Saudi Arabia, Projects by Type
4.4 Oil & Gas Projects in Saudi Arabia, Projects by Stage
4.5 Oil and Gas Projects in Saudi Arabia, Projects Development Stage, Capacity, Project Cost, and Contractor Details
5. Oil and Gas Projects Outlook in United Arab Emirates
5.1 Oil and Gas Projects in United Arab Emirates, Overview of Projects Data
5.2 Oil and Gas Projects in United Arab Emirates, Projects by Sector
5.3 Oil and Gas Projects in United Arab Emirates, Projects by Type
5.4 Oil & Gas Projects in United Arab Emirates, Projects by Stage
5.5 Oil and Gas Projects in United Arab Emirates, Projects Development Stage, Capacity, Project Cost, and Contractor Details
6. Oil and Gas Projects Outlook in Iraq
7. Oil and Gas Projects Outlook in Oman
8. Oil and Gas Projects Outlook in Turkey
9. Oil and Gas Projects Outlook in Qatar
10. Oil and Gas Projects Outlook in Israel
11. Oil and Gas Projects Outlook in Bahrain
12. Oil and Gas Projects Outlook in Jordan
13. Oil and Gas Projects Outlook in Kuwait
14. Oil and Gas Projects Outlook in Lebanon
15. Oil and Gas Projects Outlook in Yemen
16. Oil and Gas Projects Outlook in Kuwait-Saudi Arabia Partitioned Neutral Zone
17. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/k0x76l
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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LOS ANGELES--(BUSINESS WIRE)--Global Clean Energy Holdings, Inc. (OTCQB: GCEH) today effected a 1-for-10 reverse stock split. As a result of the reverse stock split, the trading symbol has changed to “GCEHD” for 20 business days. After 20 business days, the symbol will change back to “GCEH.”
About Global Clean Energy Holdings
Global Clean Energy Holdings, Inc. (“GCEH”) is a uniquely positioned vertically integrated renewable fuels company. Our strategy has been consistent from the company’s inception; control the full integration of our entire supply chain from the development, production and processing of feedstocks through to the refining and distribution of renewable fuels. GCEH’s wholly-owned plant science subsidiary, Sustainable Oils, Inc., owns an industry leading portfolio of intellectual property rights, including patents and production know-how, for the production of its proprietary varieties of Camelina sativa as a non-food based ultra-low carbon biofuels feedstock. GCEH is retooling and constructing its renewable diesel refinery in Bakersfield, California, which when completed in early 2022 will be the largest renewable fuels facility in the western United States and the largest in the country that produces renewable fuels from non-food based feedstocks. To learn more about the company, visit www.gceholdings.com.
Communications Contact
Melody Kean Haller
(424) 318-3518
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TULSA, Okla. TULSA, Okla.--(BUSINESS WIRE)--Unit Corporation (OTC Pink: UNTC) (Company) today announced that a broker dealer was approved by the Financial Industry Regulatory Authority (FINRA) to initiate a priced quotation of the Company's common stock on the OTC Pink under the ticker symbol "UNTC." Investors can find quotes for the Company's common stock on www.otcmarkets.com.
Phil Smith, Chief Executive Officer of the Company, stated, "We are pleased that our stock is now trading on the OTC Pink with the support of a market maker, as we believe it has the potential to increase the liquidity of our common stock on the OTC Pink, providing our current and future shareholders a platform on which they can conveniently trade our common stock."
About Unit Corporation
Unit Corporation is a Tulsa-based, publicly held energy company engaged through its subsidiaries in oil and gas exploration, production, contract drilling and natural gas gathering and processing. For more information about Unit Corporation, visit its website at http://www.unitcorp.com.
Forward-Looking Statements
This press release has forward-looking statements within the meaning of the Private Securities Litigation Reform Act. All statements, other than statements of historical facts, included in this release that address activities, events, or developments that the Company expects, believes, or anticipates will or may occur are forward-looking statements. Several risks and uncertainties could cause actual results to differ materially from these statements, including not having enough broker dealers making a market in the Company’s stock, limited liquidity in the Company’s stock and factors described occasionally in the Company's publicly available SEC reports. The Company assumes no obligation to update publicly such forward-looking statements, whether because of new information, future events, or otherwise.
Linda Baugher
Investor Relations
(918) 493-7700
www.unitcorp.com
CENTRAL ISLIP, N.Y.--(BUSINESS WIRE)--CVD Equipment Corporation (NASDAQ: CVV), a leading provider of chemical vapor deposition systems, announced today that it will release its 2020 fourth quarter and year end results after markets close on Wednesday, March 31, 2021. CVD Management will hold a conference call to discuss its results at 4:30 pm (Eastern Time) that day.
To participate in the live conference call, please dial toll free (877) 407-2991 or International (201) 389-0925. A telephone replay will be available for 7 days. To access the replay, dial (877) 660-6853 or international (201) 612-7415. The replay passcode is 13718134.
A live and archived webcast of the call will also be available on the company's website at www.cvdequipment.com/events. The archived webcast will be available at the same location approximately two hours following the end of the live event.
About CVD Equipment Corporation
CVD Equipment Corporation (NASDAQ: CVV) designs, develops, and manufactures a broad range of chemical vapor deposition, gas control, and other state-of-the-art equipment and process solutions used to develop and manufacture materials and coatings for research and industrial applications. This equipment is used by its customers to research, design, and manufacture these materials or coatings for aerospace engine components, medical implants, semiconductors, solar cells, smart glass, carbon nanotubes, nanowires, LEDs, MEMS, and other applications. Through its application laboratory, the Company provides process development support and process startup assistance with the focus on enabling tomorrow’s technologies™. It’s wholly owned subsidiary CVD Materials Corporation provides advanced materials and metal surface treatments and coatings to serve demanding applications in the electronic, biomedical, petroleum, pharmaceutical, and many other industrial markets.
Thomas McNeill, CFO
Phone: (631) 981-7081
Fax: (631) 981-7095
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DUBLIN--(BUSINESS WIRE)--The "Hydropower Generation Market by Capacity, Medium Hydro Power Plant and Large Hydro Power Plant: Global Opportunity Analysis and Industry Forecast, 2020-2027" report has been added to ResearchAndMarkets.com's offering.
The global hydropower generation market was valued at $202.4 billion in 2019, and is projected to reach $317.8 billion by 2027, growing at a CAGR of 5.9% from 2020 to 2027.
Hydropower is the electricity produced from generators driven by turbines that convert the potential energy of falling or fast-flowing water into mechanical energy. The hydropower generation is highly capital-intensive mode of electricity generation but being renewable source of energy with no consumables involved, there is very little recurring cost and hence no high long-term expenditure. It is cheaper as compared to electricity generated from coal and gas fired plants. It also reduces the financial losses due to frequency fluctuations and it is more reliable as it is inflation free due to no usage of fossil fuel.
The global hydropower generation market is primarily driven by the growing demand for reliable and continuous electricity from the industrial sector. Increase in supply-demand gap has been a prime concern for utilities which led to the significant investments toward the development of sustainable power generation sources including hydropower. Growing investments toward the replacement of traditional power generating technologies with advanced sustainable and clean solutions is expected to drive the growth of the market. For instance, regulators across European Union has set target to reduce carbon emissions by 20.0% by 2020 from 1990 levels, by promoting the utilization of renewable resources such as hydropower.
However, requirement of high capital and operational expenditures, along with long gestation periods restrains the growth of the global hydropower generation market. Furthermore, growth in demand for renewable power and surge in hydropower install capacity across the developing economies such as China and India are expected to provide new growth opportunities for the market during the forecast period.
The global hydropower generation market size is segmented on the basis of capacity and region. Based on capacity, the market is fragmented into small hydro power plant (up to 1MW), medium hydro power plant (1MW-10MW), and large hydro power plant (above 10MW). Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
COVID-19 analysis:
The production of hydropower is expected to hamper during and after the lockdown due to halted development of hydro power projects due to non-availability of workers and limited liquidity. According to the UNIDO (United Nations Industrial Development Organization), 30.0%-70.0% of pre-COVID-19 workforce working on development of hydro power projects has migrated back to their hometowns due to uncertainties and loss of income during the lockdown. This non-availability or less availability of workforce will directly affect the annual production of hydropower due to halted development of power plants.
Key Benefits for Stakeholders
Market Dynamics
Drivers
Restraint
Opportunity
Companies Profiled:
For more information about this report visit https://www.researchandmarkets.com/r/yg7k7k
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Laura Wood, Senior Press Manager
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NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (the “Company”) announced today the pricing of its previously announced private offering of $1.5 billion aggregate principal amount of senior secured notes due 2026 (the “Notes”). The Notes will bear interest at 6.500% per annum and will be issued at an issue price equal to 100% of principal, plus accrued interest, if any, from April 12, 2021. The closing of the offering is subject to certain limited conditions.
Subject to certain exceptions and thresholds, the Notes will be guaranteed on a senior secured basis by each domestic subsidiary and foreign subsidiary that is a wholly-owned restricted subsidiary of the Company that is a guarantor under its existing senior secured notes. The Notes will be secured by substantially the same collateral as the Company’s existing first lien obligations under its existing senior secured notes.
The Company intends to use a portion of the net proceeds from this offering to fund the cash consideration for its previously announced acquisition of Golar LNG Partners L.P. and pay related fees and expenses. The offering is not contingent on the completion of the acquisition. The Company intends to use any remaining proceeds from this offering for general corporate purposes, including making investments in developing projects. The Notes will be subject to a special mandatory redemption. If the acquisition is not consummated on or prior to October 13, 2021, the Notes will be redeemed at a price equal to 100% of the aggregate principal amount of the Notes, plus accrued and unpaid interest on the principal amount of the Notes to, but not including, the special mandatory redemption date.
The Notes and the guarantees thereof were offered in the United States to qualified institutional buyers under Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to persons outside of the United States under Regulation S under the Securities Act. The Notes and the guarantees thereof will not be registered under the Securities Act or any state securities laws, and, unless so registered, may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
About New Fortress Energy Inc.
New Fortress Energy is a global energy infrastructure company founded to help accelerate the world’s transition to clean energy. The company funds, builds and operates natural gas infrastructure and logistics to rapidly deliver fully integrated, turnkey energy solutions that enable economic growth, enhance environmental stewardship and transform local industries and communities.
Cautionary Language Regarding Forward-Looking Statements
This press release contains forward-looking statements, including but not limited to statements regarding the consummation of the offering or the Company’s anticipated use of the net proceeds from the offering. All statements contained in this press release other than historical information are forward-looking statements that involve known and unknown risks and relate to future events, our future financial performance or our projected business results. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “projects,” “targets,” “potential” or “continue” or the negative of these terms or other comparable terminology. Such forward-looking statements are necessarily estimates based upon current information and involve a number of risks and uncertainties. Actual events or results may differ materially from the results anticipated in these forward-looking statements as a result of a variety of factors.
All forward-looking statements speak only as of the date on which it is made. When considering forward-looking statements, you should keep in mind the risk factors and other cautionary statements included in our annual, quarterly and other reports we file with the SEC. We undertake no duty to update these forward-looking statements, even though our situation may change in the future. Furthermore, we cannot guarantee future results, events, levels of activity, performance, projections or achievements.
IR:
Alan Andreini
(212) 798-6128
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Joshua Kane
(516) 268-7455
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Media:
Jake Suski
(516) 268-7403
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DUBLIN--(BUSINESS WIRE)--The "Biogas Plants - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The global market for Biogas Plants is projected to reach US$ 6.8 billion by the year 2027, trailing a post COVID-19 CAGR of 6.7% over the analysis period 2020 through 2027.
The severe impact of COVID-19 pandemic in areas with high level of air pollution has prompted the researcher community to explore the direct link between severity of the infection and air quality. Various scientists have indicated a perceived association between spread of the virus along with fatality rates and air pollution. Poor air quality adversely affects human health and leaves people susceptible to various infectious diseases including COVID-19.
In 2020, medical conditions associated with air pollution are estimated to claim around 7 million lives globally. Air pollution is a key contributor to various medical conditions including heart disease, stroke, chronic obstructive pulmonary diseases, respiratory infections and lung cancer. The impact of pollution on human health and the immune system makes can be hold responsible for severe COVID-19 symptoms experienced by a large number of people living in polluted areas.
For instance, Wuhan, the epicenter of the pandemic, is one of the most polluted cities globally. In addition, a significant fraction of fatalities related to COVID-19 in Italy have been registered in areas with poor air quality. Moreover, the COVID-19 virus is carried by polluted air as it can stick to PM10 or PM25 particles to remain airborne for a long time. The fact indicates that areas with high concentration of particulate matter hold high risk of virus transmission.
These perceptions point towards effective measures to implement green options, including biogas, for reducing carbon emissions and air pollution levels. The production and utility of biogas, mainly bio-methane, improves air quality. Biogas presents an eco-friendly substitute to fossil fuels for generating heat and electricity, and supporting transportation.
Bio-methane presents an effective option to reduce greenhouse gas emissions and mitigate climate change, which holds positive implications for human health. Cities and countries that have embraced clean air policies such as the use of biogas as transportation fuel are expected to witness less mortality, paving way for effective strategies to promote these sustainable options.
The wake of COVID-19 pandemic has provided countries with the unique opportunity for rebuilding on low-carbon, sustainability agendas for dealing with rising concerns over climate change. The scenario has prompted regions to shift away from fossil fuels towards green technologies, with Europe leading the pack in these endeavors.
The drive is likely to benefit sustainable options including wind, solar and hydrogen along with biogas that offers more than energy and holds potential to cut greenhouse gas emissions by around 12% by the year 2030. The anaerobic digestion process intended to produce biogas involves treatment of organic waste that otherwise emits hazardous emissions in landfills. The approach converts the waste into green gas that can be exploited for transport, heat and power.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS (Total 119 Featured):
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/t3zz8i
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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CORAL GABLES, Fla.--(BUSINESS WIRE)--Quirch Foods today announced an expanded commitment to Environmental, Social and Governance (ESG) principles and practices. In 2020, the company launched a CEO-led executive steering committee to define and oversee plans to achieve long-term, strategic and data-driven goals to address a range of social and environmental issues and build customer and consumer trust. Quirch Foods's specific ESG initiatives include:
These commitments build on past successes and continued efforts to position Quirch Foods as a global leader in terms of sustainability within the food space. In the past year, for example, the company reduced its food waste by 57% through enhanced vigilance and systemic management. Additionally, the company has sponsored employee volunteer events engaging with local foods banks for food donations.
“Quirch Foods has been making significant strides in building our wholesale, services, and brands by putting a heightened emphasis on social/environmental priorities, including the well-being of our associates and the communities we serve," said Frank Grande, President and CEO of Quirch Foods.
“Leading by example is a big part of our culture,” continued Grande. "As we move forward, we have a robust plan to continue pursuing real solutions to help address climate change, improve food sourcing and energy preservation as a company, and creating an innovative, conscious and diverse workplace promoting equal opportunity, with a zero tolerance for discrimination."
Quirch Foods has been owned by affiliates of Palladium Equity Partners, LLC, a middle market private equity firm with nearly $3 billion in assets under management, since 2018. Palladium supported Quirch Foods’ purchase of Butts Foods in May 2020 as well as the merger with Colorado Boxed Beef in October 2020.
About Quirch Foods®
Quirch Foods is a food distribution company servicing ethnic and national grocers as well as foodservice distribution customers across the United States, the Caribbean, and Central and South America. Quirch Foods operates approximately 480 refrigerated trucks and over 2.2 million square feet of distribution space among 21 facilities in Florida, Georgia, North Carolina, Tennessee, Alabama, Illinois, Texas, Washington, Oregon, and Puerto Rico. Quirch Foods is the exclusive distributor of High River Angus®, McKinneys Beef®, Panamei Seafood®, Diamond Reef® seafood, KikiriQuirch®, Jackson Farms™, Mambo Foods®, and is a licensed distributor of Certified Angus Beef® and Chiquita® frozen fruits.
Through IQ Foods’ Suspended Fresh™ program, customers leverage innovative technology and processes to buy and store proteins for a later delivery, with the product arriving fresh, never frozen.
Quirch Foods operates through a family of well recognized companies. For more information visit quirchfoods.com, coloradoboxedbeef.com, pacfoods.com, ejfoodsnw.com, buttsfoods.com, greatfishco.com, helmsmanfreightsolutions.com, and phoenixfl.com.
To learn more about our brands, visit: highriverangus.com, panamei.com, diamondreefseafood.com, and mambofoods.com. Follow us on Facebook, Twitter, Instagram, LinkedIn, or call (800) 458-5252.
Quirch Foods, LLC
Jorge Roza
305-691-3535 ext. 2278
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Strategic capital commitment to fuel Navis growth in SaaS, digitalization and expansion to inland and other supply chain solutions
OAKLAND, Calif.--(BUSINESS WIRE)--Navis, a provider of operational technologies and services that unlock greater performance and efficiency for the world’s leading organizations across the shipping supply chain, announced that Accel-KKR, a Silicon Valley-based technology-focused investment firm, has reached an agreement to acquire Navis from Cargotec. The transaction is subject to normal regulatory approvals and works council consultation in relevant jurisdictions.
Navis is recognized as a global leader providing mission critical software solutions and services for terminal, vessel and carrier, and inland freight operators and will play an important future role in delivering best-in-class technology and innovation to keep global cargo flowing.
“We are thrilled to welcome the entire Navis team to the Accel-KKR portfolio of market-leading software companies,” said Park Durrett, Managing Director of Accel-KKR. “In today’s world, the movement of goods for a vast array of shippers and operators has increased exponentially in volume, velocity and complexity, amplifying the need for powerful workflow optimization and full visibility into every corner of supply chains. Navis will extend Accel-KKR’s focus on investing in solutions that can drive toward a true end-to-end, all-in-one execution and visibility platform that shippers and operators have been seeking.”
Under Cargotec’s ownership and investment, Navis established a market leading position in terminal operating systems and made a number of strategic acquisitions that strengthened Navis’ presence in enterprise software for global logistics providers.
“Navis is looking forward to the next stage in our growth with Accel-KKR, a technology-focused investment firm that brings a wealth of enterprise software expertise, network and global resources,” said Benoit de la Tour, Navis President and CEO. “We are also grateful for the strategic support and strong partnership Cargotec has provided during their ownership.”
Citi is serving as financial advisor and Reinhart Boerner Van Deuren s.c. is serving as legal counsel to Cargotec.
About Navis, LLC
Navis is a provider of operational technologies and services that unlock greater performance and efficiency for the world’s leading organizations across the cargo supply chain. Navis combines industry best practices with innovative technology and world-class services, to enable our customers, regardless of cargo type, to maximize performance and reduce risk. Through its holistic approach to operational optimization, Navis customers benefit from improved visibility, velocity and measurable business results. Whether tracking cargo through a terminal, improving vessel safety and cargo capacity, optimizing rail network planning and asset utilization, automating equipment operations, or managing multiple terminals through an integrated, centralized solution, Navis helps all customers streamline operations. www.navis.com
About Accel-KKR
Accel-KKR is a technology-focused investment firm with over $10 billion in capital commitments. The firm focuses on software and tech-enabled businesses, well-positioned for topline and bottom-line growth. At the core of Accel-KKR’s investment strategy is a commitment to developing strong partnerships with the management teams of its portfolio companies and a focus on building value alongside management by leveraging the significant resources available through the Accel-KKR network. Accel-KKR focuses on middle-market companies and provides a broad range of capital solutions including buyout capital, minority-growth investments, and credit alternatives. Accel-KKR also invests across a wide range of transaction types including private company recapitalizations, divisional carve-outs and going-private transactions. In 2019 and 2020, Inc. named Accel-KKR to “PE 50 – The Best Private Equity Firms for Entrepreneurs”, its annual list of founder-friendly private equity firms. Accel-KKR is headquartered in Menlo Park with offices in Atlanta and London. Visit accel-kkr.com to learn more.
About Cargotec Corporation
Cargotec (Nasdaq Helsinki: CGCBV) enables smarter cargo flow for a better everyday with its leading cargo handling solutions and services. Cargotec's business areas Kalmar, Hiab and MacGregor are pioneers in their fields. Through their unique position in ports, at sea and on roads, they optimise global cargo flows and create sustainable customer value. Cargotec has signed United Nations Global Compact’s Business Ambition for 1.5°C. The company’s sales in 2020 totalled approximately EUR 3.3 billion and it employs around 11,500 people. www.cargotec.com
Jennifer Grinold
Navis, LLC
T+1 510 267 5002
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Geena Pickering
Affect
T+1 212 398 9680
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DUBLIN--(BUSINESS WIRE)--The "Global Microturbine Market 2021-2025" report has been added to ResearchAndMarkets.com's offering.
The publisher has been monitoring the microturbine market and it is poised to grow by $988.86 million during 2021-2025 progressing at a CAGR of 17% during the forecast period.
The reports on microturbine 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 strict regulations to curb carbon emissions enabling growth opportunities for microturbine market7.1.1, decommissioning of nuclear power plants creating a market opening for microturbines and rise in distributed generation capacity propelling microturbines adoption.
The microturbine market analysis includes end-user segment, application segment and geographical landscapes. This study identifies the rising investment in R&D to use microturbines in the transportation industry as one of the prime reasons driving the microturbine market growth during the next few years. Also, mixed impact of government policies and subsidies on microturbine market in the US and lower initial cost in comparison to other low carbon emission substitutes will lead to sizable demand in the market.
Companies Mentioned
The report on microturbine 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 Application
6. Market Segmentation by End-user
7. Customer landscape
8. Geographic Landscape
9. Vendor Landscape
10. Vendor Analysis
11. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/wohecx
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DUBLIN--(BUSINESS WIRE)--The "Triazine Market Research Report: By Type (1,3,5-Triazine, 1,2,3-Triazine, 1,2,4-Triazine), Product (Monoethanolamine, Monomethylamine), End Use (Medical, Agriculture, Chemical, Oil & Gas) - Global Industry Analysis and Growth Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The global triazine market to reach $814.55 million by 2030 from $518.68 million in 2019, at 5.6% CAGR during 2020-2030.
Triazine offers pharmacological properties, such as anti-inflammatory and antimicrobial action, owing to which the compound finds several applications in the medical sector. Besides, the molecule is also significant in pharmaceutical chemistry, as it is used in the development of new drugs. Additionally, 1,3,5-triazine isomer is used as a prominent structure in acetoguanamine, aceto-guanide, ammeline, and cyanuric acid, as it is one of the oldest-known organic compounds. Naturally occurring antibiotics, like toxoflavin, reumycin, and fervenulin, contain triazine ring structure, which makes the compound an important ingredient for novel drugs.
Moreover, the compound is used as a scavenger chemical in oil reservoirs to separate hydrogen sulfide (H2S) from crude oil through stripping process. Petroleum companies keep a track on H2S concentration in reservoirs, as it is a flammable, corrosive, and life-threatening gas, to comply with safety protocols related to operation and exploration of oilfields. Triazine is also injected into production pipelines to minimize corrosion and operational risks imposed by petroleum products.
The oil & gas industry primarily uses 1,3,5-triazine-based derivative for scavenging purposes, as it is the most stable isomeric form of the compound and is an important component of monoethanolamine (MEA). The MEA is used by the petroleum companies as a scavenger in hydrogen stream and H2S mercaptan. Thus, the expansion of the oil & gas sector, on account of the surge in exploration and production (E&P) activities, will amplify the usage of MEA in the foreseeable future.
Market Dynamics
Trends
Drivers
Restraints
Companies Profiled
For more information about this report visit https://www.researchandmarkets.com/r/38p5ld
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For E.S.T Office Hours Call 1-917-300-0470
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NEW YORK & OSLO, Norway--(BUSINESS WIRE)--FREYR AS, (the “Company” or “FREYR”), a Norway-based developer of clean, next-generation battery cell production capacity, announced on January 29, 2021 that it will become a publicly listed company through a business combination (the “Transaction”) with Alussa Energy Acquisition Corp. (“Alussa Energy”) (NYSE: ALUS), a Cayman Islands exempted, publicly listed special purpose acquisition company (“SPAC”).
Today, FREYR and Alussa Energy provide an update to the market on certain aspects of the Transaction:
Subject to closing conditions being met, the combined company will be named FREYR Battery AS and its ordinary shares are expected to start trading on the New York Stock Exchange under the ticker symbol FREY upon closing, expected in the second quarter of 2021.
About FREYR AS
FREYR plans to develop up to 43 GWh of battery cell production capacity by 2025 to position the company as one of Europe’s largest battery cell suppliers. The facilities will be located in the Mo i Rana industrial complex in Northern Norway, leveraging Norway’s highly skilled workforce and abundant, low-cost renewable energy sources from hydro and wind in a crisp, clear and energized environment. FREYR will supply safe, high energy density and cost competitive clean battery cells to the rapidly growing global markets for electric vehicles, energy storage, and marine applications. FREYR is committed to supporting cluster-based R&D initiatives and the development of an international ecosystem of scientific, commercial, and financial stakeholders to support the expansion of the battery value chain in our region. For more information, please visit www.freyrbattery.com.
About Alussa Energy Acquisition Corp.
Alussa Energy is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While Alussa Energy may pursue an acquisition opportunity in any industry or sector, Alussa Energy intends to focus on businesses across the entire global energy supply chain. For more information, please visit www.alussaenergy.com.
Forward-Looking Statements
The information in this press release includes forward-looking statements and information based on management’s expectations as of the date of this press release. All statements other than statements of historical facts, including statements regarding FREYR’s business strategy, anticipated business combination with Alussa Energy and the terms of such combination, anticipated benefits of FREYR’s technologies, projected production capacity are forward-looking statements and anticipated Transaction timeline. The words “may,” will,” “expect,” “plan,” “target,” or similar terminology are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Alussa Energy & FREYR may not actually achieve the plans or expectations disclosed in these forward-looking statements, and you should not place undue reliance on these forward-looking statements. Factors that may cause actual results to differ materially from current expectations, include Alussa Energy’s and FREYR’s ability to finalize the Registration Statement and have it declared effective by the SEC; compliance with the laws and regulations applicable to the Alussa Special Meeting; FREYR’s ability to execute on its business strategy and develop and increase production capacity in a cost-effective manner; changes adversely affecting the battery industry; the further development and success of competing technologies; the failure of 24M technology or FREYR’s batteries to perform as expected; and FREYR’s ability to complete the business combination with Alussa Energy on the currently expected terms or at all.
No Offer or Solicitation
This press release is for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any securities pursuant to the Transaction or otherwise, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
No Assurances
There can be no assurance that the Transaction will be completed, nor can there be any assurance, if the Transaction is completed, that the potential benefits of combining the companies will be realized.
Important Information about the Transaction and Where to Find It
In connection with the Transaction, Alussa Energy and Pubco has and will file relevant materials with the SEC, including a Form S-4 registration statement filed by Pubco (the “S-4”), which includes a prospectus with respect to Pubco’s securities to be issued in connection with the proposed business combination and a proxy statement (the “Proxy Statement”) with respect to Alussa Energy’s shareholder meeting at which Alussa Energy’s shareholders will be asked to vote on the proposed Business Combination and related matters. ALUSSA ENERGY SHAREHOLDERS AND OTHER INTERESTED PERSONS ARE ADVISED TO READ THE S-4 AND THE AMENDMENTS THERETO AND OTHER INFORMATION FILED WITH THE SEC IN CONNECTION WITH THE TRANSACTION, AS THESE MATERIALS CONTAIN IMPORTANT INFORMATION ABOUT ALUSSA ENERGY, PUBCO, FREYR AND THE TRANSACTION. When available, the Proxy Statement contained in the S-4 and other relevant materials for the Transaction will be mailed to shareholders of Alussa Energy as of a record date to be established for voting on the proposed business combination and related matters. The preliminary S-4 and Proxy Statement, the final S-4 and definitive Proxy Statement and other relevant materials in connection with the Transaction (when they become available), and any other documents filed by Alussa Energy with the SEC, may be obtained free of charge at the SEC’s website (www.sec.gov) or by writing to Alussa Energy Acquisition Corp. at c/o PO Box 500, 71 Fort Street, Grand Cayman KY1-1106, Cayman Islands.
FREYR
Steffen Føreid, CFO, +47 9755 7406, This email address is being protected from spambots. You need JavaScript enabled to view it.
Harald Bjørland, Investor Relations, +47 908 58 221, This email address is being protected from spambots. You need JavaScript enabled to view it.
Hilde Rønningsen, Director of Communications, +47 453 97 184, This email address is being protected from spambots. You need JavaScript enabled to view it.
Alussa Energy
Chi Chow, Alussa Energy, Strategy & Investor Relations, +1 929-303-6514, This email address is being protected from spambots. You need JavaScript enabled to view it.
Houston Channel Expansion Progressing and Port Improvements Continue
HOUSTON--(BUSINESS WIRE)--The Port Commission of the Port of Houston Authority met virtually in a regular session on Tuesday. Port Chairman Campo opened the meeting with an update on the progress of the Houston Ship Channel Expansion program Project 11. “It’s moving from planning and design into execution and moving dirt this year,” he said.
Chairman Campo then said the next steps are to negotiate the Project Partnership Agreement, or PPA, with the U.S. Army Corps of Engineers, initiate those parts of the project that Port Houston can start, and continue exploring how the industry will contribute to project costs.
The Chairman also emphasized that the U.S. Army Corps of Engineers has committed to implement its “New Start” authority, and federal appropriations for the first contracts for Segment 1A, before the fourth quarter of this year. He also highlighted the significant public interest in the Project 11 microsite https://www.expandthehoustonshipchannel.com/.
In his operational update, Executive Director Roger Guenther reported that cargo volumes in March have been solid, and indications are that this level of activity would continue through at least mid-year.
He said, however, “not surprisingly,” both container volume and export loads were down in February due to the winter storm. “Production of petrochemical products like resin was hampered because many facilities were down due to the storm, but we think that production will recover soon,” Guenther said.
Commission actions taken at the meeting supported continued investment in growth, including approving a lease agreement with Portwall Partners, Ltd. for resin packaging operations at a 55-plus acre site near the Bayport Container Terminal.
The next regular Port Commission meeting is scheduled for April 27.
About Port Houston
For more than 100 years, Port Houston has owned and operated the public wharves and terminals along the Houston Ship Channel, including the area’s largest breakbulk facility and two of the most efficient and fastest-growing container terminals in the country. Port Houston is the advocate and a strategic leader for the Channel. The Houston Ship Channel complex and its more than 200 public and private terminals, collectively known as the Port of Houston, is the nation’s largest port for waterborne tonnage and an essential economic engine for the Houston region, the state of Texas, and the U.S. The Port of Houston supports the creation of nearly 1.35 million jobs in Texas and 3.2 million jobs nationwide, and economic activity totaling $339 billion in Texas – 20.6 percent of Texas’ total gross domestic product (GDP) – and $801.9 billion in economic impact across the nation. For more information, visit the website at www.PortHouston.com.
Lisa Ashley, Director, Media Relations
Office: 713-670-2644; Mobile: 832-247-8179
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SUDBURY, Ontario--(BUSINESS WIRE)--#USWWorks--Sudbury Steelworkers are looking to Vale to “walk the talk” at the bargaining table.
“Steelworkers are pleased to hear Vale’s positive tone and praise of its employees during its Chamber of Commerce presentation on March 23. This is great news for the region of Sudbury,” said Nick Larochelle, President of United Steelworkers (USW) Local 6500.
Vale’s North American chief operating officer Dino Otranto said he wants to ‘shed the know-it-all attitude and start engaging, listening, and caring for its employees,’ during the Chamber of Commerce presentation.
Otranto also commented extensively on how the outlook for nickel prices is positive, with increased demand worldwide for the metal’s use in electric vehicle batteries.
“We welcome seeing Vale’s positivity and we look forward to this openness being carried through to the bargaining table,” said Larochelle.
USW Local 6500, representing over 2,500 production and maintenance workers in mining, milling, smelting and refining at Vale’s Sudbury operations, will be bargaining for a new collective agreement. The unprecedented one-year agreement is set to expire May 31, 2021.
“Our members are working hard and have a solid track record in safety and productivity. Injury frequency in Sudbury was reduced significantly last year, in some places by up to 70%,” said Larochelle.
USW Local 6500 welcomes Vale’s Copper Cliff South Mine expansion and looks forward to continuing to contribute the skills of its members long into the future. The union will continue working with Vale to unlock the region’s undeveloped rich ore reserves including Victor mine.
“When the company says: ‘Let’s start the dialogue,’ workers hear that, too. We are seeking a new deal that recognizes the long, rich and proud history of the Steelworkers as partners in Vale’s success – now and into the future,” said Larochelle.
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PARIS--(BUSINESS WIRE)--Technip Energies (PARIS:TE), a global leader in engineering & technology for the energy industry and its transition, and NIPIGAS, a Russian leader in engineering, procurement and construction management, are announcing their intention to create NOVA ENERGIES, a joint venture (JV) to drive the energy transition journey in Russia. The heads of terms agreement defining the path forward was signed today by Arnaud Pieton, Chief Executive Officer of Technip Energies and Dmitry Evstafiev, Chief Executive Officer of NIPIGAS.
This new joint venture will provide a wide range of expertise, including Engineering and Design, Project Documentation and CAPEX estimates ("FEED/PD") as well as Engineering, Procurement, Construction, Installation, and Commissioning (“EPC/EPCm”) for CO2 removal, Carbon Capture, clean H2 production, Bio Energies, Bio Refineries, Bio Chemistry, Ammonia, as well as other energy transition related themes.
NOVA ENERGIES will be a full-fledged independent player on the Russian market for the long-term period. The JV will include Technip Energies and NIPIGAS personnel, who will bring their respective areas of expertise and support, with the aim of becoming the “best in class” engineering and technology company for the energy transition in Russia.
Arnaud Pieton, CEO of Technip Energies stated: “Technip Energies leverages vast experience and expertise developed over six decades of working on the transformation of traditional energies. Smart Engineering is needed to break boundaries and accelerate the journey to a low-carbon society. By combining our efforts and know-how with Nipigas, we will enable our clients in Russia to reach their energy transition targets. Through this joint-venture, Technip Energies will reinforce its energy transition positioning, leveraging its engineering expertise and technologies in hydrogen, sustainable chemistry, CO2 management and carbon-free solutions to build a better tomorrow.”
Dmitry Evstafiev, CEO, NIPIGAS declared: “The general global trend for decarbonization has become one of the key factors in the modernization of existing and creation of new industries in Russia. With the participation of NIPIGAS, the best environmentally friendly and safe design solutions are implemented, corresponding to the best world standards within the framework of the country's largest projects. We want to strengthen our technological leadership to continue to offer customers solutions through our joint venture with Technip Energies that meet the requirements of tomorrow, looking for opportunities to expand and deepen this practice. Therefore, partnership with the world leader in the field of new energy, the so-called “energy transition” is of course, extremely important for us and in many ways a strategic direction.”
About Technip Energies
Technip Energies is a leading Engineering & Technology company for the energy transition, with leadership positions in Liquefied Natural Gas (LNG), hydrogen and ethylene as well as growing market positions in blue and green hydrogen, sustainable chemistry and CO2 management. The company benefits from its robust project delivery model supported by extensive technology, products and services offering.
Operating in 34 countries, our 15,000 people are fully committed to bringing our client’s innovative projects to life, breaking boundaries to accelerate the energy transition for a better tomorrow.
Technip Energies is listed on Euronext Paris with American depositary receipts (“ADRs”). For further information: www.technipenergies.com.
About NIPIGAS
NIPIGAS is a leading Russian engineering company. NIPIGAS is engaged in design and engineering, procurement, logistics and construction management in all petroleum market sectors. Company has been involved in the major investment projects in Russia. NIPIGAS is a top 100 world largest engineering and construction company according to ENR (The Top 250 Global Contractors, 2020). Moreover, according to company data submitted for ENR-2020 ranking, NIPIGAS is a top 10 engineering and construction company in terms of services provided in petroleum sector.
Disclaimers
This release is intended for informational purposes only for the shareholders of Technip Energies. This press release is not intended for distribution in jurisdictions that require prior regulatory review and authorization to distribute a press release of this nature.
Important Information for Investors and Securityholders
Forward-Looking Statement
This release contains “forward-looking statements” as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements usually relate to future events and anticipated revenues, earnings, cash flows or other aspects of Technip Energies’ operations or operating results. Forward-looking statements are often identified by the words “believe,” “expect,” “anticipate,” “plan,” “intend,” “foresee,” “should,” “would,” “could,” “may,” “estimate,” “outlook,” and similar expressions, including the negative thereof. The absence of these words, however, does not mean that the statements are not forward-looking. These forward-looking statements are based on Technip Energies’ current expectations, beliefs and assumptions concerning future developments and business conditions and their potential effect on Technip Energies. While Technip Energies believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting Technip Energies will be those that Technip Energies anticipates.
All of Technip Energies’ forward-looking statements involve risks and uncertainties (some of which are significant or beyond Technip Energies’ control) and assumptions that could cause actual results to differ materially from Technip Energies’ historical experience and Technip Energies’ present expectations or projections. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those set forth in the forward-looking statements.
For information regarding known material factors that could cause actual results to differ from projected results, please see Technip Energies’ risk factors set forth in Technip Energies’ filings with the U.S. Securities and Exchange Commission, which include amendment no. 4 to Technip Energies’ registration statement on Form F-1 filed on February 11, 2021.
Forward-looking statements involve inherent risks and uncertainties and speak only as of the date they are made. Technip Energies undertakes no duty to and will not necessarily update any of the forward-looking statements in light of new information or future events, except to the extent required by applicable law.
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