Empire’s leadership-driven approach to transforming its safety program has led to a 94% reduction in its Recordable Injury Frequency score and a stronger internal culture
CALGARY, British Columbia--(BUSINESS WIRE)--$BLN #blacklinecollective--Blackline Safety Corp. (TSX.V: BLN), a global leader of gas detection and connected safety solutions, welcomes Empire Southwest, a Caterpillar dealership based in Mesa, Arizona, to its Blackline Collective program, a network of individuals and organizations committed to advancing workplace safety and productivity.
As part of its involvement in Blackline Collective, Empire Southwest shared insight through a video on how strong leadership is the key element for building a safety program and culture, especially in industrial environments where profit and productivity are typically prioritized over workplace safety. Through several safety initiatives driven by its leadership team, Empire Southwest was able to garner strong buy-in and protocol adoption across the organization that resulted in a 94% reduction in its Recordable Injury Frequency score over the course of just three years.
“Any effective safety program starts at the top of an organization, or else it won’t go anywhere,” said Jeff Whiteman, CEO, Empire Southwest. “Safety is more important than productivity and profit. It is leadership’s job to reinforce that message to their people every day and to continue to learn best practices to keep everybody safe. Blackline Collective allows us to learn from each other, which provides a great opportunity to learn from successes and mistakes and drive our safety protocols forward.”
Empire Southwest jumpstarted its top-down safety transformation in recent years with several initiatives, including the formation of a first responder program as well as safety teams at every level of its organization to ensure safety remains a priority during any endeavor. It also organized and regularly conducts town hall meetings where employees are afforded the opportunity to ask questions or provide leadership with recommendations on safety practices and more.
“Empire Southwest is an organization that embodies the meaning of a multi-generation family-owned business and lives it every day — they care about the health and well-being of their people above all other metrics,” said Sean Stinson, Chief Revenue Officer, Blackline Safety. “The lessons that can be learned from Jeff and his team on how leadership drives safety are invaluable. Every organization, no matter its size or industry, can take something away from Empire’s approach to building a safety culture. It’s exactly what we are trying to accomplish through Blackline Collective.”
To learn more about Empire’s safety program and Blackline Collective, visit Collective.BlacklineSafety.com.
About Empire Southwest: Empire Southwest is an authorized Cat® dealer for heavy equipment and power systems throughout Arizona and Southeastern California. In addition, Empire is a provider of commercial SunPower solar products, an authorized AGCO agriculture equipment dealer, and a premiere distributor of Fuso, Maintainer and other leading truck and trailer brands. The third-generation, family owned company was founded in 1950 and has over 2,000 employees across 22 locations. Empire’s affiliate technology companies include SITECH Southwest, Allen Instruments, Take-off Professionals (TOPS), and BuildingPoint West. Learn more about Empire's products, services, partnerships, and careers at www.empirecat.com.
About Blackline Safety: Blackline Safety is a global connected safety leader that helps to ensure every worker gets their job done and returns home safe each day. Blackline provides wearable safety technology, personal and area gas monitoring, cloud-connected software and data analytics to meet demanding safety challenges and increase productivity of organizations in more than 100 countries. Blackline Safety wearables provide a lifeline to tens of thousands of men and women, having reported over 140 billion data-points and initiated over five million emergency responses. Armed with cellular and satellite connectivity, we ensure that help is never too far away. For more information, visit www.BlacklineSafety.com and connect with us on Facebook, Twitter, LinkedIn and Instagram.
INVESTOR/ANALYST CONTACT
Cody Slater, CEO
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Telephone: +1 403 451 0327
MEDIA CONTACT
Heather Houston
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Telephone: +1 904 398 5222
Cell phone: +1 386 216 9472
NEW YORK--(BUSINESS WIRE)--Piedmont Lithium Limited (“Piedmont” or the “Company”) (Nasdaq:PLL; ASX:PLL) today announced that it plans to conduct a U.S. public offering, subject to market and other conditions, of 1.5 million of its American Depositary Shares (“ADSs”), with each ADS representing 100 of its ordinary shares (“Public Offering”).
J.P. Morgan, Evercore ISI and Canaccord Genuity are acting as joint book-runners and lead underwriters for the Public Offering. Piedmont intends to grant the underwriters a 30-day option to purchase up to 225,000 additional ADSs at the issue price of the Public Offering.
Proceeds from the offering will be used to continue development of the Company’s Piedmont Lithium Project, including definitive feasibility studies, testwork, permitting, further exploration drilling, mineral resource estimate updates and ongoing land consolidation, to fund the previously announced strategic investments in Sayona Mining Limited and Sayona Quebec Inc and other possible strategic initiatives, and for general corporate purposes.
The Public Offering is being made pursuant to an effective shelf registration statement that has been filed with the U.S. Securities and Exchange Commission (the “SEC”). A preliminary prospectus supplement related to the offering of the ADSs has been filed with the SEC and is available on the SEC’s website at http://www.sec.gov and on the ASX website. Copies of the preliminary prospectus supplement and the accompanying prospectus relating to the Public Offering may be obtained from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at (866) 803-9204 or by e-mail at This email address is being protected from spambots. You need JavaScript enabled to view it.; Evercore Group L.L.C., Attention: Equity Capital Markets, 55 East 52nd Street, 35th Floor, New York, NY 10055, by telephone at (888) 474-0200 or by e-mail at This email address is being protected from spambots. You need JavaScript enabled to view it.; and Canaccord Genuity LLC, 99 High Street, Suite 1200, Boston, Massachusetts 02110, Attention: Syndicate Department, by telephone at (671) 371-3900 or email at This email address is being protected from spambots. You need JavaScript enabled to view it..
This press release is not an offer or sale of the securities in the United States or in any other jurisdiction where such offer or sale is prohibited, and such securities may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act of 1933, as amended.
Forward-Looking Statements
This press release contains “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. In some cases, you can identify forward-looking statements by terms such as “may,” “might,” “will,” “objective,” “intend,” “should,” “could,” “can,” “would,” “expect,” “believe,” “design,” “estimate,” “predict,” “potential,” “plan” or the negative of these terms and similar expressions intended to identify forward-looking statements. Piedmont cautions readers that forward-looking statements are based on management’s expectations and assumptions as of the date of this news release and are subject to certain risks and uncertainties that could cause actual results to differ materially, including, but not limited to, risks related to whether the Company will offer the ADSs or consummate the offering of the ADSs on the expected terms, or at all; the anticipated use of the net proceeds of the offering; the fact that the Company’s management will have broad discretion in the use of the proceeds from any sale of the ADSs; the Company’s operations being further disrupted by, or the Company’s financial results being adversely affected by public health threats, including the novel coronavirus pandemic; the Company’s limited operating history in the lithium industry; the Company’s status as an exploration stage company; the Company’s ability to identify lithium mineralization and achieve commercial lithium mining; mining, exploration and mine construction, if warranted, on the Company’s properties; the Company’s ability to achieve and maintain profitability and to develop positive cash flow from the Company’s mining activities; the Company’s ability to enter into and deliver product under supply agreements; investment risk and operational costs associated with the Company’s exploration activities; the Company’s ability to access capital and the financial markets; recruiting, training and maintaining employees; possible defects in title of the Company’s properties; potential conflicts of interest of the Company’s directors and officers; compliance with government regulations; the Company’s ability to acquire necessary mining licenses, permits or access rights; environmental liabilities and reclamation costs; volatility in lithium prices or demand for lithium; the Company’s ADS price and trading volume volatility; risks relating to the development of an active trading market for the ADSs; ADS holders not having certain shareholder rights; ADS holders not receiving certain distributions; and the Company’s status as a foreign private issuer, including the effects of our proposed redomiciliation from Australia to the United States on such status and subsequent status as a domestic issuer, and emerging growth company. Forward-looking statements reflect its analysis only on their stated date, and Piedmont undertakes no obligation to update or revise these statements except as may be required by law.
About Piedmont
Piedmont Lithium (Nasdaq:PLL; ASX:PLL) is developing a world-class integrated lithium business in the United States, enabling the transition to a net-zero world and the creation of a clean energy economy in America. Our location in the renowned Carolina Tin Spodumene Belt of North Carolina, the cradle of the lithium industry, positions us to be one of the world’s lowest cost producers of lithium hydroxide, and the most strategically located to serve the fast-growing US electric vehicle supply chain. The unique geographic proximity of our resources, production operations and prospective customers places us on the path to be among the most sustainable producers of lithium hydroxide in the world and should allow Piedmont to play a pivotal role in supporting America’s move to the electrification of transportation and energy storage. For more information, visit www.piedmontlithium.com.
Keith Phillips
President & CEO
T: +1 973 809 0505
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Brian Risinger
VP - Investor Relations and Corporate Communications
T: +1 704 910 9688
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Julian B. Wills appointed President and COO; Lock Wills to remain Executive Chairman of the Board
LA PLATA, Md.--(BUSINESS WIRE)--The Wills Group, a family-owned company headquartered in La Plata, Maryland, today announced the appointment of Julian B. (Blackie) Wills, III as President and Chief Operating Officer, effective April 1, 2021. Lock Wills, who has served as President, Chief Executive Officer, and Chairman of the Board for the Wills Group, remains Executive Chairman of the Board.
The announcement comes as part of the company’s succession planning efforts, following its renewed focus over the last five years to expand its retail line of businesses, including Dash In, Splash In ECO Car Wash, and SMO Motor Fuels.
As President and Chief Operating Officer, Blackie Wills will take the lead on all day-to-day operations of the Wills Group and its businesses, reporting to Lock Wills and the Wills Group Board of Directors.
For the past four years, Blackie Wills has served as Executive Vice President, Convenience Retailing, leading the transformation of the company’s Dash In and Splash In ECO Car Wash retail operations across Delaware, Maryland, and Virginia. In addition, Blackie Wills led the company’s real estate portfolio and brand marketing activities.
“Under Blackie’s leadership of Dash In, we introduced the neighborhood store concept, refreshed the customer experience, and launched Dash In’s fresh Craveable made-to-order sandwiches. As a result, Dash In was recently honored by Convenience Store Decisions with its Best Foodservice Launch Award in 2020,” said Lock Wills. “Blackie also reimagined and restructured the company’s real estate and development efforts to enable the expansion of both our Dash In Food Store and Splash In ECO Car Wash offerings with a vision toward the future. These are prime examples of what the Wills Group is capable of when we lean into and embrace innovation.”
This year the Wills Group also reached a milestone anniversary, celebrating its 95th year in business across the Mid-Atlantic.
“For nearly a decade, the Wills Group has been on a mission to serve – our customers, our communities and each other,” said Blackie Wills, incoming President and Chief Operating Officer of the Wills Group. “I am grateful to those who lit the path before me and am honored to step into this role to lead the company in writing the next chapters of our great history.”
About Wills Group, Inc.
Headquartered in La Plata, Maryland, the Wills Group has nearly 300 retail locations across the Mid-Atlantic region, including Dash In, Splash In ECO Car Wash, and SMO Motor Fuels. A family-owned company since 1926 with expertise in convenience retailing, fuels marketing, and commercial real estate, the Wills Group prides itself on keeping customers, employees and communities’ Lives in Motion. For more information about the Wills Group, visit willsgroup.com.
Tara Handy
The Wills Group
301-246-3734
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Jim Healy
Alluvus
202-321-5808
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KANSAS CITY, Mo.--(BUSINESS WIRE)--CorEnergy Infrastructure Trust, Inc. (NYSE: CORR, CORRPrA) ("CorEnergy" or the "Company") today announced that Rebecca Sandring and Valerie Jackson have been recognized by industry organizations for their leadership and accomplishments.
Rebecca (Becky) Sandring, CorEnergy’s Executive Vice President, Treasurer and Secretary, has been named by Kayo, an organization of professional women in the investment industry, as one of 21 in ‘21: Women in Infrastructure Investing. In addition to her role as a co-founder of CorEnergy – the first publicly listed REIT focused on energy infrastructure – Ms. Sandring was also recognized for having successfully secured two Private Letter Rulings (PLRs) from the Internal Revenue Service and for her crucial role in the acquisition of CorEnergy’s various REIT-qualifying assets since the company’s inception.
Valerie Jackson, Vice President of Engineering and Regulatory Compliance, has been named to a two-year term on the Pipeline Safety Advisory Committee for California’s Office of the State Fire Marshal (OSFM). Ms. Jackson is one of only two representatives of pipeline operators on the committee, which was established to inform local agencies and pipeline operators of changes in applicable laws and regulations affecting the operation of pipelines in California. The committee also reviews proposed hazardous liquid pipeline safety regulations on a regular basis.
Dave Schulte, CorEnergy’s Chief Executive Officer, said, “I couldn’t be more pleased than to have both Becky and Valerie be recognized by their peers. CorEnergy is fortunate to have two such outstanding executives on our team. Our company’s success depends on the stakeholder relationships fostered by both of these talented leaders.”
About CorEnergy Infrastructure Trust, Inc.
CorEnergy Infrastructure Trust, Inc. (NYSE: CORR, CORRPrA) is a real estate investment trust that owns and operates or leases regulated natural gas transmission and distribution lines and crude oil gathering, storage and transmission pipelines and associated rights-of-way. For more information, please visit corenergy.reit.
Source: CorEnergy Infrastructure Trust, Inc
CorEnergy Infrastructure Trust, Inc.
Investor Relations
Debbie Hagen or Matt Kreps
877-699-CORR (2677)
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Provides Boat, Outboard for Research, Tagging in North Florida
KENNESAW, Ga.--(BUSINESS WIRE)--Yamaha Rightwaters is teaming up with Skeeter Boats to provide a SX2250 center console boat with a 250-horsepower Yamaha V MAX SHO® outboard to the University of Florida. Scientists in the University’s Whitney Laboratory for Marine Bioscience will use the boat and outboard to conduct a study on redfish activities and numbers to gather better data on the species in Northern Florida.
“The root of successful conservation begins with in-depth knowledge of the species and areas you are trying to protect,” said Dr. Jimmy Liao, Ph.D., marine biologist focusing on fish sensing and fish behavior at the University of Florida. “We will use this boat and outboard to tag and track the behavior of redfish in a 35-mile radius of northeastern Florida. The more data we collect, the better our understanding of the redfish becomes, and with that understanding comes the ability to better manage the fishery. The Yamaha Rightwaters and Skeeter teams recognize the important relationship between conservation and growth in the recreational fishing and boating industry, and we are grateful for the support.”
The University of Florida’s redfish study has three components. The first is tagging the fish to get a better idea of the exact number in the area. The second is studying the migration patterns of the fish to determine which habitats are preferred by the adult breeders and which make good nursery sites for the juvenile fish. The acoustic tags the scientists use can pick up signals from Canada to Cuba. Finally, the third aspect of the program focuses on seeding fisheries with redfish bred by the University and tracking the number of juveniles that return to the fisheries.
"Scientific research is one of the four cornerstones of the Yamaha Rightwaters mission," said John O'Keefe, Senior Specialist, Government Relations, Yamaha Marine U.S. Business Unit. “This redfish study currently underway at the University of Florida will give state officials the information they need to manage this fishery properly so that it may grow in a healthy sustainable manner and continue to be enjoyed for generations to come.”
Yamaha Rightwaters is a national sustainability program that encompasses all of Yamaha Marine’s conservation and water quality efforts. Program initiatives include habitat restoration, support for scientific research, mitigation of invasive species, the reduction of marine debris and environmental stewardship education. Yamaha Rightwaters reinforces Yamaha’s long-standing history of natural resource conservation, support of sustainable recreational fishing and water resources and Angler Code of Ethics, which requires pro anglers to adhere to principles of stewardship for all marine resources.
Yamaha Marine products are marketed throughout the United States and around the world. Yamaha Marine U.S. Business Unit, based in Kennesaw, Ga., supports its 2,400 U.S. dealers and boat builders with marketing, training and parts for Yamaha’s full line of products and strives to be the industry leader in reliability, technology and customer service. Yamaha Marine is the only outboard brand to have earned NMMA®’s C.S.I. Customer Satisfaction Index award every year since its inception.
REMEMBER to always observe all applicable boating laws. Never drink and drive. Dress properly with a USCG-approved personal floatation device and protective gear.
© 2021 Yamaha Motor Corporation, U.S.A. All rights reserved.
This document contains many of Yamaha's valuable trademarks. It may also contain trademarks belonging to other companies. Any references to other companies or their products are for identification purposes only and are not intended to be an endorsement. University of Florida is a registered trademark of the University of Florida, the Educational Institution Florida.
Melissa Boudoux
Communications Manager
Yamaha Marine Engine Systems
Office: (770) 701-3269
Mobile: (404) 381-7593
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Neal Wheaton
Wilder+Wheaton for
Yamaha Marine Engine Systems
Mobile: (404) 317-0698
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SANTA CLARITA, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) (the “Company”) announced today the appointment of Mark A. (“Mac”) McFarland as the Company’s permanent President and Chief Executive Officer, effective immediately. Mr. McFarland has served on the Company’s board since its emergence from bankruptcy in October 2020, as its Executive Chairman from November 2020 through December 31, 2020 and as its Chairman of the Board and interim Chief Executive Officer since December 31, 2020.
James N. Chapman, lead independent director, said, “In his role as interim CEO, Mac has been instrumental in repositioning the Company post its bankruptcy exit, including the recent successful high yield financing. In addition, Mac is stewarding ongoing efforts to reduce costs and optimize the operating portfolio with the core objective for CRC to become a lean and efficient operator producing robust cash flow. The Board of Directors is excited about the Company’s future under Mac’s leadership with a strong asset base, talented workforce and firm commitment to our ESG efforts.”
Forward-Looking Statement Disclosure
All statements, except for statements of historical fact, made in this release regarding activities, events or developments the Company expects, believes or anticipates will or may occur in the future, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements speak only as of the date of this release. Although the Company believes that the plans, intentions and expectations reflected in or suggested by the forward-looking statements are reasonable, there is no assurance that these plans, intentions or expectations will be achieved. Therefore, actual outcomes and results could materially differ from what is expressed, implied or forecast in such statements. Except as required by law, the Company expressly disclaims any obligation to and does not intend to publicly update or revise any forward-looking statements.
The Company cautions you that these forward-looking statements are subject to all of the risks and uncertainties incident to the Company’s business, most of which are difficult to predict and many of which are beyond the Company’s control. These risks include, but are not limited to, the risks described under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020.
About California Resources Corporation
California Resources Corporation is an independent oil and natural gas exploration and production company, applying complementary and integrated infrastructure to gather, process and market its production. Using advanced technology, the Company focuses on safely and responsibly supplying affordable energy.
Joanna Park (Investor Relations)
(818) 661-3731
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Richard Venn (Media)
(818) 661-6014
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DUBLIN--(BUSINESS WIRE)--The "Gas Analyzer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The global gas analyzer market reached a value of US$ 3.49 Billion in 2020. Looking forward, the publisher expects the global gas analyzer market to exhibit moderate growth during the next five years.
Gas analyzers are measuring instruments which help in determining the quantitative or qualitative composition of gas mixtures. Gas analysis and detection help in improving efficiency and safety and ensuring environmental compliance. They are used to provide essential data in numerous manufacturing, processing and materials research applications in chemicals, oil and gas, and petrochemical industries. They are also employed in environmental monitoring, power generation and water treatment.
An increase in shale gas and tight oil explorations have stimulated the demand for gas analyzers worldwide as they are used to prevent corrosion in natural gas pipeline infrastructure. In addition, government legislation and the enforcement of occupational health and safety regulations have also mandated the use of gas analyzers in various industrial settings. This has further been supported by the rising awareness among individuals regarding the safety hazards of gas leaks and emissions. Apart from this, manufacturers are integrating gas analyzers with smartphones and other wireless devices to provide real-time monitoring, remote-control and backing up data logs. They are also introducing gas analyzers embedded with latest analyzing technologies. For instance, Emerson Electric has launched hybrid analyzers with Quantum Cascade Laser (QCL) and Tunable Diode Laser (TDL) measurement technologies for emission monitoring and gas analysis.
Currently, Asia Pacific dominates the global gas analyzer market, holding the largest share. This can be attributed to the growing applications of these analyzers in numerous industries and strict environmental conservation regulations laid by the governments in the region.
On assessing the import and export scenario of the market, the report finds that China is the biggest importer, whereas Germany holds the majority of the export shares.
Companies Mentioned
Key Questions Answered in This Report:
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Gas Analyzer Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact COVID-19
5.4 Market Breakup by Application
5.5 Market Breakup by Region
5.6 Market Forecast
5.7 SWOT Analysis
5.8 Value Chain Analysis
5.9 Porters Five Forces Analysis
6 Market Breakup by Application
6.1 Oil & Gas
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Power
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Chemicals
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Food and Beverages
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Pharmaceuticals
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Others
6.6.1 Market Trends
6.6.2 Market Forecast
7 Market Breakup by Region
7.1 Asia Pacific
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 North America
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Europe
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Middle East and Africa
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Latin America
7.5.1 Market Trends
7.5.2 Market Forecast
8 Imports and Exports
8.1 Imports by Major Countries
8.2 Exports by Major Countries
9 Gas Analyzer Manufacturing Process
9.1 Product Overview
9.2 Raw Material Requirements
9.3 Manufacturing Process
9.4 Key Success and Risk Factors
10 Competitive Landscape
10.1 Market Structure
10.2 Key Players
10.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/g8xays
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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HOUSTON--(BUSINESS WIRE)--Phillips 66 Partners LP (NYSE: PSXP) executive management will host a webcast at 2 p.m. EDT on Friday, April 30, to discuss the partnership’s first-quarter 2021 financial results, which will be released earlier that day, and provide an update on strategic initiatives.
To access the webcast, go to the Events and Presentations section of the Phillips 66 Partners Investors site, https://unitholder.phillips66partners.com/investors. A replay of the webcast will be archived on the Events and Presentations page approximately two hours after the live call, and a transcript will be available at a later date.
About Phillips 66 Partners
Headquartered in Houston, Phillips 66 Partners is a growth-oriented master limited partnership formed by Phillips 66 to own, operate, develop and acquire primarily fee-based crude oil, refined petroleum products and natural gas liquids pipelines, terminals and other midstream assets. For more information, visit www.phillips66partners.com.
Jeff Dietert (investors)
832-765-2297
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or
Shannon Holy (investors)
832-765-2297
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or
Thaddeus Herrick (media)
855-841-2368
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PITTSBURGH--(BUSINESS WIRE)--LOLA Energy III, LLC (“LOLA Energy”) today announced that it has recently closed on an acquisition of 100% of the equity membership interests of an exploration and production company with operations in Butler County, PA (the “acquired company”). Financial and other terms and conditions of the sale are confidential among the parties to the transaction. The acquired company immediately changed its name to LOLA Energy PetroCo, LLC to rebrand as a LOLA Energy owned and operated company.
The acquired company’s assets and operations include:
The production and reserves benefit from a high concentration of natural gas liquids. The gas composition mix is approximately:
LOLA Energy will operate the acquired company and will be led by the following team of oil and gas veterans:
LOLA Energy’s Chief Executive Officer Jim Crockard stated, “We are excited to be bringing our brand of a Locally Owned, Locally Accountable oil and gas production company to Butler County.” He further stated, “Under our brand of local and accountable ownership, we will safely and efficiently continue operations and rejoin the northeastern Butler County communities where LOLA Energy is making a substantial investment with this acquisition. We look forward to making our presence known in a positive way.”
LOLA Energy was represented by Buchanan Ingersoll & Rooney PC in Pittsburgh, Pennsylvania.
About LOLA Energy:
LOLA Energy is an oil and gas operating company focused on horizontal shale development and operations of Appalachian oil and natural gas resources. Headquartered in Canonsburg, Pennsylvania, LOLA Energy fields a talented team of deeply experienced oil and gas professionals, several of whom helped to pioneer some of the earliest and most successful horizontal shale oil and gas drilling and completion programs and operations throughout Appalachia. More details about LOLA Energy are available at www.lolaenergy.com.
Julie Scott
Karma Creative, LLC
(412) 443-2444
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SAN FRANCISCO--(BUSINESS WIRE)--Pacific Gas and Electric Company (PG&E) today issued the following statement in response to the release of information by the California Department of Forestry and Fire Protection (CAL FIRE) regarding the September 2020 Zogg Fire:
“The loss of life and devastation in the communities impacted by the Zogg Fire is tragic, and we recognize that nothing can heal the hearts of those who have lost so much. We also thank the courageous first responders who saved lives, protected property and worked to contain and put out the fire.
Today, CAL FIRE announced that it has determined the cause of the Zogg Fire was a pine tree contacting PG&E electrical lines located north of Igo in Shasta County. As we have said previously, PG&E has fully cooperated with CAL FIRE’s investigation.
While we have not been given access to CAL FIRE’s report or evidence it collected, we look forward to reviewing both when we are allowed to do so. We filed an Electric Incident Report with the California Public Utilities Commission on October 9, 2020, related to the Zogg Fire.
We remain focused on continuing to reduce wildfire risk throughout our system and executing on the commitments made in our 2021 Wildfire Mitigation Plan. These efforts include:
PG&E’s most important responsibility is the safety of our customers and communities we serve. As the threat of extreme weather continues to impact portions of California, we remain focused on preventing major wildfires and are committed to our mission to safely deliver energy to our customers and communities.”
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.
Media Relations
415.973.5930
DUBLIN--(BUSINESS WIRE)--The "Oil & Gas Engineering Services Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The Oil & Gas Engineering Services Market is expected to register a CAGR of approximately 7% during the forecast period (2021 - 2026).
Companies Mentioned
Key Market Trends
Downstream Segment to Exhibit Significant Growth
North America Expected to Dominate the Market
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Growing Adoption of Automation in the Oil & Gas Industry to Aid Growth of Design and Engineering Services
4.2.2 Ongoing Efforts to Enhance Cost & Operational Efficiency in the Oil & Gas Industry
4.2.3 Industry 4.0 Practices Such as Extended Reality & BIM 4D to Reduce TTM
4.3 Market Restraints
4.3.1 The Market is Susceptible to Fluctuations in the Oil & Gas Prices as Well as Other Macro-economic Changes
4.3.2 Operational and Compliance-related Challenges
4.4 Industry Stakeholder and Business Model Analysis
4.5 Industry Attractiveness - Porter's Five Forces Analysis?
4.6 Comparative Analysis of In-house and Outsourced Engineering Services Industry
4.7 Cost Breakdown Analysis
4.8 Comparative Analysis of the Adoption Trends Between Oil & Gas and Other Major Process Industries
4.9 Impact of COVID-19 on the Engineering Services Industry
5 MARKET SEGMENTATION
5.1 By Type
5.1.1 Downstream
5.1.2 Midstream
5.1.3 Upstream
5.2 Geography
5.2.1 North America
5.2.2 Europe
5.2.3 Asia-Pacific
5.2.4 Latin America
5.2.5 Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/5qvwz4
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Laura Wood, Senior Press Manager
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HOUSTON--(BUSINESS WIRE)--Phillips 66 (NYSE: PSX) executive management will host a webcast at noon EDT on Friday, April 30, to discuss the company’s first-quarter 2021 financial results, which will be released earlier that day, and provide an update on strategic initiatives.
To access the webcast, go to the Events and Presentations section of the Phillips 66 Investors site, https://www.phillips66.com/investors. A replay of the webcast will be archived on the Events and Presentations page approximately two hours after the live call, and a transcript will be available at a later date.
About Phillips 66
Phillips 66 is a diversified energy manufacturing and logistics company. With a portfolio of Midstream, Chemicals, Refining, and Marketing and Specialties businesses, the company processes, transports, stores and markets fuels and products globally. Phillips 66 Partners, the company’s master limited partnership, is integral to the portfolio. Headquartered in Houston, the company has 14,300 employees committed to safety and operating excellence. Phillips 66 had $55 billion of assets as of Dec. 31, 2020. For more information, visit www.phillips66.com or follow us on Twitter @Phillips66Co.
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Argonaut rebrands operation as American Well Services
TULSA, Okla.--(BUSINESS WIRE)--Argonaut Private Equity, a Tulsa, Okla.-based private equity fund, announced the acquisition of the assets of Pioneer Well Services, a subsidiary of Pioneer Natural Resources.
Located in the heart of the Permian Basin, the operation is now doing business as American Well Services and provides well service rigs for workover or completions operations and wellsite support services including, fluid transfer, hot oiling, frac tank rental and wellsite construction. American Well Services announced the retention of substantially all employees related to the operations, and an extensive amount of assets including a fleet of rigs, water hauling trucks, frac tanks, hot oil units, fishing packages and heavy machinery for construction services.
“The acquisition of the Pioneer Well Services assets allows us to partner with one of the premier operators in the Permian Basin in Pioneer Natural Resources, while leveraging our experience in the oil and gas industry and an unlevered balance sheet for American Well Services to continue its track record of providing first-class service and safety,” said Steve Mitchell, Argonaut CEO.
American Well Services will partner with existing Argonaut portfolio company, Nichols Oil Tools. The combination of both companies enables additional services to be bundled to provide production and completions solutions for operators in the Permian basin.
“We are beyond excited about the opportunity to continue and build on our relationship with Pioneer,” said Kent Easter, Chief Operating Officer for Nichols Oil Tools. “We also look forward to being able to offer the services provided by American Well Services to our existing customer base and any prospective customers of Nichols Oil Tools, creating a better, more streamlined experience to service our customer’s needs.”
Founded in 2002, Argonaut Private Equity has deployed over $3 billion of capital in direct investments across key industry sectors including manufacturing, industrials and energy services. Simmons Energy | A Division of Piper Sandler® served as the exclusive financial advisor to Pioneer Natural Resources on its sale of Pioneer Well Services.
About American Well Services
American Well Services provides well service rigs for workover or completions operations and wellsite support services including, fluid transfer, hot oiling, frac tank rental and wellsite construction. AWS is managed by industry veterans and services blue-chip customers in the Permian Basin with a substantial asset base, strong safety culture and industry-leading operating procedures. American Well Services has partnered with Nichols Oil Tools to provide a full suite of completions and workover solutions to customers in the Permian Basin.
About Argonaut Private Equity
Founded in 2002, Argonaut Private Equity is a Tulsa-based private equity firm with $3 billion of capital deployed in direct investments across key industry sectors including manufacturing, industrials and energy services. Argonaut partners with companies to develop a strategy for accelerating growth and enhancing operations. In 2018, Argonaut raised Argonaut Private Equity Fund IV to continue its history of generating attractive investment returns through a disciplined approach and aligning interests with those of its investors and business partners.
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LONDON--(BUSINESS WIRE)--Accenture (NYSE: ACN) and Ripjar, a leading UK-based data intelligence company, are collaborating with Royal Dutch Shell to further enhance risk screening within its global supply chain using artificial intelligence (AI).
Shell is leveraging Accenture’s industry experience and risk expertise to configure Ripjar’s AI technology for analysis of its supply chain. The insights will provide additional accuracy and efficiency in screening for risks across Shell’s third-party supply chain transactions. The AI technology embedded in the system could also reduce data-reporting errors by over 80%, when compared to third-party legacy systems.
By integrating this tool on Shell’s cloud-based infrastructure on Microsoft Azure, Accenture will also ensure Shell is positioned to scale the solution, creating cost efficiencies. Additionally, the solution optimizes accessibility, providing self-service capabilities to Shell employees globally as they conduct due diligence on third-party vendors.
“In a proactive move to tackle the growing challenges associated with criminal activity, security and fraud in today’s global business landscape, Shell is reinforcing its risk management capabilities across the supply chain,” said Adam Markson, a managing director and lead for Risk and Compliance at Accenture. “Together, we are taking a time-consuming, manual process and applying state-of-the-art automation with more insights into data to not only improve accuracy, but also give management complete audit capabilities and accountability over the entire screening process. Indeed, Accenture was selected for its deep industry expertise and track record of implementing the next generation of compliance capabilities and enabling transformational change.”
“Global energy companies like Shell can better provide the products and services that are essential to our society with the help of a business ecosystem,” added Jeremy Annis, CEO, Ripjar. “Ripjar’s technology, enhanced by AI, can help reduce the number of steps it takes to conduct due diligence and detect risks through continuous real-time monitoring of the supply chain.”
The multi-year deal builds on Accenture Ventures’ investment in Ripjar and a strategic alliance formed in 2018.
About Royal Dutch Shell
Shell is a global group of energy and petrochemical companies that aims to meet the world’s growing need for more and cleaner energy solutions in ways that are economically, environmentally and socially responsible.
About Accenture
Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Interactive, Technology and Operations services — all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 537,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities. Visit us at www.accenture.com.
Accenture helps oil and gas companies develop innovation-led capabilities to drive end-to-end transformation and make energy more available, affordable and sustainable. To learn more, visit Accenture’s Oil and Gas industry portal.
About Ripjar
Ripjar builds software that helps governments and organisations automate the detection, investigation and monitoring of threats from criminal activity – making the world more secure and prosperous by empowering organisations to prevent crime.
Our data intelligence platform, Labyrinth, combines automation, AI and data visualisation to help leading financial institutions, governments and corporates analyse and mitigate threats in real time. Threats often transcend borders and our software enables our customers to scale to meet the evolving complexity of the risk landscape: finding patterns from international and unstructured data in over 60 languages. Ripjar was founded by experienced technologists from Britain's Government Communications Headquarters (GCHQ), and is headquartered in Cheltenham, United Kingdom.
Disclaimer: Copyright ©2021 Accenture. All rights reserved. Accenture and its logo are registered trademarks of Accenture.
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Accenture
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Accenture
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NOT FOR DISTRIBUTION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW.
VANCOUVER, British Columbia--(BUSINESS WIRE)--Imperial Helium Corp. ("Imperial" or the "Company") is pleased to announce a corporate update.
Key Highlights
Property Acquisition & Additional Technical Information
Imperial has entered into a lease option agreement (“Lease Agreement”) with Heritage Royalty Resource Corporation in connection with a property acquisition that will triple the size of its landholdings within the core area near the hamlet of Princess in southern Alberta. The Lease Agreement, along with the Company’s existing land holdings, now provides the Company with the rights to a structure covering more than a township (36 sq miles) with known helium concentration. The Company intends to exercise its option under the Lease Agreement in connection with the satisfaction of the Escrow Release Conditions (as defined below).
The property subject to the Lease Agreement (the “Property”) is located on leased land over the historic Steveville discovery, and is referred to as the Steveville land/structure. In aggregate, the Company has a total of 24,635 hectares with rights below the base of the Big Valley Formation.
The Steveville structure appears to be a large dome feature with four-way closure. The first well to penetrate the structure was drilled in the winter of 1940 near Steveville resulting in a blow-out which reportedly flowed at greater than 50MMcf/d for several months until the well was brought under control. The structure subsequently tested 6 MMcf/d of non burnable gas (87% nitrogen 0.63% helium) from the Beaverhill Lake Group. At the time, there was no commercial interest in the structure because the gas results indicated high concentrations of nitrogen with helium and minimal hydrocarbons. Four subsequent wells confirm the structure. The Company is acquiring seismic data to better define the structure.
The Company anticipates drilling its first well into the apex of the structure adjacent to the discovery well, late the second quarter of 2021, with completion and testing to follow. Upon evaluation and integration of the first well into the reservoir model, a second well location will be confirmed. The second well is anticipated to be drilled on the flank of the structure.
Strategic Alliance
Imperial has entered into a strategic alliance agreement with Uniper Trading Canada Ltd. (UTC) and ON2 Solutions Inc., to expedite the development, production and monetization of Imperial helium projects in Canada. The agreement does not compel but provides an opportunity for the parties to negotiate helium project costs and prices in aid of accelerating project financing and execution. In addition, the agreement provides a confidential framework for information sharing in the currently somewhat opaque helium business environment.
UTC and/or its affiliates are engaged in the business of purchasing, transporting, storing, and marketing volumes of commercial gases including Helium. UTC is a wholly owned subsidiary of Uniper SE, a German headquartered global downstream energy company with activities in more than 40 countries. ON2 Solutions is a Canadian based private company that designs, manufactures, installs and services custom on-site oxygen and nitrogen generators and concentrators for medical and industrial use. ON2’s equipment has been installed in over 25 countries worldwide.
David Johnson, CEO, Imperial Helium said, “Rediscovering and capturing the Steveville blow-out as Imperial’s founding asset is a huge opportunity for Imperial Helium. Steveville has the potential for more than a billion cubic feet of recoverable Helium and will be the first project brought to our Strategic Alliance with ON2 Solutions and Uniper. We have tremendous confidence that Imperial Helium and the Strategic Alliance will be able to bring first commercial helium to the market in the second half of 2022.”
Appointment of Board of Directors
Imperial has appointed several new members to its board of directors, each having distinguished careers across the resource development sectors, and each having held prominent lead positions within a range of successful companies. Their combined experience and expertise will provide the Company with invaluable advice, guidance and support.
Kyler Hardy – Executive Co-Chair. Samuel “Kyler” Hardy is a natural resources focused entrepreneur. He has been involved in the sector for over 19 years with both private and public businesses. During his career he has gained a wide array of natural resource specific experience including diamond driller, project manager, exploration service contractor, business consultant, public company management and investor. He has built businesses from early stage start-ups to advanced operating companies in mining, energy and service providers to these sectors. He was a founder and former CEO of a large geosciences and logistics management business specializing in grassroots to brownfields exploration and development. Mr. Hardy has raised capital, led M&A transactions and developed strategic partnerships globally. He is currently CEO of the Cronin Group, a natural resource focused merchant bank, CEO of Cloudbreak Discovery Plc, Executive Chairman of Imperial Helium Corp., Executive Chairman of Temas Resources Corp, director of Graycliff Resources Ltd. and a director of Hexa Resources Ltd.
David Johnson – Chief Executive Officer and Director. Dr. Johnson has more than 35 years of global, Canadian frontier, and Western Canadian exploration and production experience. Previously, Dr. Johnson worked for Shell Canada, ExxonMobil, Husky Energy, Kuwait Oil Company, KUFPEC, and a public international start-up, which he founded. Dr. Johnson has extensive business development, operations, geoscience research, and technical E&P experience covering 40+ petroleum provinces, with discoveries in Alberta, Saskatchewan, the Canadian Frontiers and the South China Sea. He currently serves as a Director for the Canadian Global Exploration Forum (CGEF), and a Councillor for the Association of Professional Engineers and Geoscientists of Alberta (APEGA).
Brad Hayes – Executive Co-Chair. Dr. Hayes is President of Petrel Robertson Consulting Ltd., a geoscience consulting firm engaged by industry, government, and legal and financial organizations. He joined PRCL in 1996 after 15 years of exploration experience in operating companies, including Shell Canada and Canadian Hunter. Dr. Hayes has a high level of geoscience expertise in unconventional hydrocarbons, including oil sands, tight reservoirs, and shale plays in the Western Canadian Sedimentary Basin and internationally. He is an active member of the Canadian Society of Petroleum Geologists (CSPG) and served as its President in 2001. He currently serves as a Board member for the Canadian Society for Unconventional Resources (CSUR) and recently completed his second three-year term as a Councillor for the Association of Professional Engineers and Geoscientists of Alberta (APEGA). He is also an Adjunct Professor in the Department of Earth and Atmospheric Sciences at the University of Alberta.
Marty Wittstrom – Director. Mr. Wittstrom is a geoscientist with more than 40 years of experience in the oil and gas industry and has held several positions in technical and business leadership, managing important exploration and field development projects in basins in the United States and overseas. Mr. Wittstrom had a 26-year career at Chevron, where he managed projects in most United States onshore basins; he was also the Vice President of International Exploration for Reliance Industries and VP of North America Business Development for the Information Store. At Niko Resources he was the South America Business Unit Manager. Mr. Wittstrom is the current Chairman of the Oil Group, a Houston-based holding company for investments in Latin America in the E&P operations and services sectors.
Peter Putnam – Lead Director. Mr. Putnam is a geologist with over 40 years of varied global experience at both technical and executive levels. Over his career he has been at various times, an employee, an advisor to technical and management teams as well as boards of directors, a board member, and a founder of new companies. Early stage companies started by Peter have raised substantial funds from investors inclusive of large private equity firms, sovereign wealth funds, pension funds and family offices. With experience on six continents, he is currently the President of Hay Valley Resources Ltd. Mr. Putnam holds a Ph.D. from the University of Calgary and is a past-President of the Canadian Society of Petroleum Geologists, a former adjunct professor at the University of Calgary, and a former Councillor of the Association of Professional Engineers and Geoscientists of Alberta (APEGA). He has published widely as an author of scientific articles dealing with various facets of petroleum geology and is a regular guest lecturer at Canadian universities.
Monica Rovers – Director. Ms. Rovers operates an international business advisory firm where she assists organizations to grow through her global business experience and relationships and as a Global Partner at Rainmaker Global Business Development, specializing in Africa and Latin America. Ms. Rovers has been supporting the Canadian Energy sector for a number of years. She was previously Head, Global Energy at Toronto Stock Exchange and TSX Venture Exchange where she helped Energy companies to finance their projects through various sources of financing such as Private Equity, Saudi Aramco Energy Ventures, IFC, Export Development Canada, Alberta-based Innovation funds and organizations and various capital markets. She was Business Development Manager of Energy at Calgary Economic Development where she helped companies to expand their operations and connect with potential partners. She is also helping Alberta-based companies to scale up and expand their operations with Alberta IoT. Ms. Rovers developed and implemented business strategies at Toronto Stock Exchange, Calgary Economic Development and Southern Alberta Institute of Technology and led the diversification strategy for the TSX Venture Exchange in Alberta. Ms. Rovers holds an MBA in Global Management and a Bachelor of Business Administration in Management.
Stephen Burleton – Director. Stephen Burleton, CFA, MBA, ICD.D is an experienced mining executive with significant experience in capital raising, corporate development and strategy. Most recently he was the President & CEO of GT Gold where he brought in Newmont Corporation as a strategic investor. Prior to that he was Vice President, Business Development, at Richmont Mines Inc. prior to Richmont being acquired by Alamos Gold Inc. for US$770 million in November 2017. Mr. Burleton was responsible for the financing at Richmont and worked closely with its executive team in determining the Company’s strategic direction. He has over 18 years of experience in the Canadian investment banking industry as Managing Director of Investment Banking at Wellington West Capital Markets Inc., Scotia Capital Inc. and BMO Capital Markets advising on strategic transactions and executing debt and equity financing for companies in the mining, fertilizer and industrial products sectors. Mr. Burleton is a CFA® Charterholder, has an MBA from York University and received his ICD.D from the Rotman School of Management.
Filing of Preliminary Prospectus
On February 18, 2021, the Company announced that it had closed a brokered private placement of subscription receipts (the “Subscription Receipts”) for gross proceeds of approximately $14 million. The gross proceeds from the sale of the Subscription Receipts were placed in escrow pending satisfaction of certain escrow release conditions (the "Escrow Release Conditions"), being: (a) the Company obtaining a receipt from the securities regulatory authorities in a province of Canada for a final prospectus qualifying distribution of the units of the Company underlying the Subscription Receipts (the “Units”); and (b) the Company obtaining conditional approval from the TSX Venture Exchange to list the common shares of the Company.
The Company is pleased to announce that, on March 18, 2021, it filed a preliminary prospectus qualifying the distribution of the Units. The preliminary prospectus is still subject to completion or amendment. A copy of the preliminary prospectus is available electronically at www.sedar.com. The Escrow Release Conditions will not be satisfied until, among other things, a receipt for the final prospectus has been issued.
About Imperial
Imperial is focused on the exploration and development of helium production assets in North America. Driven by Canadian geoscience and engineering expertise, in combination with their proprietary helium well database, Imperial Helium is securing helium assets to meet the growing global helium demand and supply short falls in the market.
READER ADVISORIES
No Offer
This press release is not an offer of the securities for sale in the United States. The securities offered have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws and may not be offered or sold in the United States absent registration or an available exemption from the registration requirement of the U.S. Securities Act and applicable U.S. state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Forward-Looking and Cautionary Statements
Certain information included in this press release constitutes forward-looking information under applicable securities legislation. Forward-looking information typically contains statements with words such as "anticipate", "believe", "expect", "plan", "intend", "estimate", "propose", "project", "will" or similar words suggesting future outcomes or statements regarding an outlook. Forward-looking information in this press release may include, but is not limited to, statements concerning: the exercise of the Company’s option under the Lease Agreement; drilling activities; discovery activities including re-discovering and capturing the Steveville blow-out; activities pursuant to the Strategic Alliance Agreement; the satisfaction of the Escrow Release Conditions and the business plan of the Company, generally, including helium development and extraction. The forward-looking statements contained in this press release are based on certain key expectations and assumptions made by Imperial. Although Imperial believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Imperial can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, risks associated with the helium industry in general (e.g., operational risks in development, exploration and production; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), constraint in the availability of services, commodity price and exchange rate fluctuations, the current COVID-19 pandemic, changes in legislation impacting the helium industry, adverse weather or break-up conditions and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures.
The forward-looking information contained in this press release is made as of the date hereof and Imperial undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless required by applicable securities laws. The forward-looking information contained in this press release is expressly qualified by this cautionary statement.
David Johnson
Chief Executive Officer
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David Robinson
Chief Financial Officer
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NEW YORK & LONDON--(BUSINESS WIRE)--Arrival, the global company creating electric vehicles using its game-changing technologies, announced today that, in addition to the previously announced five members of its Board of Directors, it expects to appoint two additional members upon the consummation of the pending business combination between Arrival Group, Arrival S.à r.l (“Arrival”) and CIIG Merger Corp. (NASDAQ: CIIC) (“CIIG”), a U.S. publicly-traded special purpose acquisition company. Arrival Group, the combined company, will become a publicly listed company and its ordinary shares and warrants will be listed on NASDAQ under the new ticker symbols “ARVL” and “ARVLW” respectively, upon completion of the business combination.
“As Arrival nears becoming a public company, it is important for us to bring together a globally experienced and diverse Board of Directors who can help Arrival to achieve its goal of reinventing the automotive industry," said Peter Cuneo, the current Chief Executive Officer and Chairman of the Board of Directors of CIIG and the nominee for Non-Executive Chairman of Arrival’s global Board of Directors. "Drawing on expertise from the forefront of the technology, media, financial and automotive industries, Arrival’s global Board of Directors will play a pivotal role in supporting the business through its journey as it accelerates the mass adoption of electric vehicles worldwide.”
“I am pleased that we have assembled the right Board that reflects Arrival’s culture and will support us in our transition to becoming a public company and the responsibility that brings,” said Denis Sverdlov, Founder and CEO of Arrival. “We are looking forward to working together as they bring their collective experience in scaling companies, managing rapid growth and building global brands to the business.”
Arrival’s initial global Board of Directors is expected to include:
Peter Cuneo, Chief Executive Officer and Chairman of the Board of Directors, CIIG
F. Peter Cuneo has been Chief Executive Officer and Chairman of Board of Directors at CIIG Merger Corp. (NASDAQ: CIIC) since its inception in 2019. A recognized leader in corporate value creation, Mr. Cuneo has reshaped the operations of seven companies in the global media and consumer products sectors in the past 40 years. Mr. Cuneo is the Managing Partner of Cuneo & Co, an early stage private venture capital firm. Mr. Cuneo is active on numerous private, public and nonprofit boards. As President and Chief Executive Officer of Marvel Entertainment Inc. (NYSE:MVL) he led Marvel post-bankruptcy, to a prominent position in the entertainment industry, before serving as Vice Chairman of the Board and providing one of the world’s leading entertainment brands with active strategic leadership. This culminated in the company’s more than $4 billion sale to Disney at the end of 2009 when shares were trading at $54 per share, representing share price appreciation of approximately 57 times from the stock low. Mr. Cuneo previously served as President and Chief Executive Officer of Remington Products Company, President of the Security Hardware Group of the Black & Decker Corporation, President of Bristol-Myers Squibb Co.’s Pharmaceutical Group in Canada, and President of the Clairol Personal Care Division. At Arrival, he will serve as Non-Executive Chairman of the Board as well as a member of the Board’s Audit Committee.
Tawni Nazario-Cranz, Venture Operating Partner, SignalFire
Tawni Nazario-Cranz currently works as a Venture Operating Partner at the San Francisco-based venture firm SignalFire, as well as a strategic advisor to various VC firms throughout Silicon Valley. With more than 25 years of experience in scaling some of the world’s most innovative companies, Ms. Nazario-Cranz has led operational and cultural change at the likes of Netflix (NASDAQ: NFLX), Waymo, Cruise and many more. During her time at Netflix (2007-2017), as Chief Talent Officer (CHRO), she grew the company’s global business operations and enabled rapid international growth (overseeing the international campaign #NetflixEverywhere). Ms. Nazario-Cranz also pioneered the company’s innovative and high-performing business culture, authoring Netflix’s Unlimited Maternity & Paternity Leave policy and co-authoring the company’s first culture deck. Beyond Netflix, Ms. Nazario-Cranz also scaled and built out the core HR functions at Waymo (2018-2019) and Cruise Automation (2017-2018) as Chief People Officer. At Arrival, she will serve on the Board of Directors as Chairperson of the Compensation Committee and as a member of the Nominating and Corporate Governance Committee.
Rex Tibbens, President, CEO & Director, Frontdoor Inc.
Rex Tibbens is an experienced executive with a proven history of building strong cultures, and repeated success in growing businesses and fostering work environments in which innovation and creativity are encouraged. Prior to being named President and Chief Executive Officer of Frontdoor, Inc. (NASDAQ: FTDR) in 2017, Mr. Tibbens served as Chief Operating Officer of Lyft (NASDAQ: LYFT) from 2015-2018, where he worked to expand the on-demand transportation company’s service to every US state, and launched a series of crucial strategic initiatives, including their Nashville support center and Express Drive. Mr. Tibbens also worked as a Vice President at Amazon (NASDAQ: AMZN) from 2011-2015, where he led the technical and product development of Prime Now, preceded by twelve years at Dell (NYSE: DELL) working in a variety of operations and logistics roles, and nine years at Toyota (LON: TYT) as Logistics Manager. At Arrival, he will serve as a member of both the Board’s Audit Committee and Compensation Committee.
Avinash Rugoobur, President, Arrival
As Arrival's President, Avinash Rugoobur is responsible for the company’s business strategy and international expansion, encouraged by his passion for projects with positive social impact and delivering affordable zero emission transportation to everyone. Prior to Arrival, Mr. Rugoobur was leading advanced technology activities at General Motors’ Silicon Valley Office and Strategy and M&A at Cruise Automation, after launching his own award-winning entrepreneurial ventures Curve Tomorrow and Bliss Chocolates. During his time at GM, Mr. Rugoobur was responsible for the ~$1Bn acquisition of Cruise Automation, and played an integral role in Cruise’s subsequent valuation increase to $14B as Head of Strategy & Mergers & Acquisitions (2017-2019). This work was pivotal in accelerating the delivery of AVs, as well as supporting in the creation of the OEM - Startup ecosystem that pervades the automotive industry today.
Jae Oh, Vice President & Head of Corporate Development, Hyundai Motor Group
Jae Oh currently oversees a broad spectrum of strategic investment activities for Hyundai Motor Group, ranging from Series A ventures to mergers and acquisitions. While at Hyundai, he has been responsible for leading early to late-stage investments in companies operating in sectors causing disruptions in the traditional automotive industry. Some of the transactions that he successfully led include equity financing rounds for Grab, Ola, Aurora, Rimac among others. Prior to joining Hyundai in 2017, Mr. Oh served across various international roles at leading investment banks, including Merrill Lynch (2014-2016), UBS (2013), Lehman Brothers / Nomura in Hong Kong (2008-2012). At Arrival, he will serve as a member of the Board’s Nominating and Corporate Governance Committee.
Kristen O’Hara, Senior Vice President & Chief Business Officer, Hearst Magazines
Kristen O’Hara is a strategic marketing executive with extensive experience driving the digital and data transformation of global businesses. She is currently serving as Senior Vice President and Chief Business Officer of Hearst Magazines. Prior to this, Ms. O’Hara brought her expertise in data, social and digital media to some of the world’s leading media and entertainment companies, as VP Business Solutions for Snap Inc. (NYSE: SNAP) throughout 2018 and Chief Marketing Officer, Global Media for Time Warner Inc. (now Warner Media, LLC, a division of AT&T Inc, NYSE: T) from 2011-2018. While at Time Warner, Ms. O’Hara led the enterprise-wide global data strategy as the business was shifting to a streaming model. Ms. O’Hara has experience building global blue chip brands having held leadership positions at global marketing communications firm Young & Rubicam Inc. (now part of WPP PLC, NYSE: WPP) from 1993-2002. At Arrival, she will serve on the Board of Directors as Chairperson of the Nominating and Corporate Governance Committee as well as a member of the Compensation Committee.
Alain Kinsch, Former Managing Partner, Ernst & Young
Alain Kinsch served as a leading audit partner and management consultant across Ernst & Young S.A. (“EY”) from 2004 through to December 2020, and held several senior leadership roles. Mr Kinsch served as Country Managing Partner leading EY Luxembourg in one of EY’s and the market’s fastest growing and most successful country practices (2009-2020). Mr. Kinsch was also the EMEIA Private Equity Fund Leader (2009-2020) and the founder and leader of EY’s Private Equity practice in Luxembourg (2004-2012). Throughout his entire career, Mr. Kinsch supported a portfolio of clients including private equity funds, banks as well as industrial and commercial companies, as signing lead audit partner. Mr Kinsch has been a member of the Luxembourg State Council since 2015, and was nominated as 2nd Most Influential Business Leader in Luxembourg by Paperjam Magazine in December 2018. Since May 2020, Mr. Kinsch has been serving as an independent director of Aperam S.A. (Euronext Amsterdam: APAM), a stainless and specialty steel producer, and serves on its Audit & Risk Management Committee and as Chairman of its Remuneration, Nomination & Corporate Governance Committee. At Arrival, he will serve on the Board of Directors as Chairperson of the Audit Committee.
Arrival has now announced all of its nominees for global Board of Directors, including the final two members - Tawni Nazario-Cranz and Rex Tibbens. With these additions, the board is expected to consist of seven members who bring a wealth of experience from some of the world’s most innovative technology-enabled businesses. Together, they will play an important role in supporting Arrival through this initial phase of execution, as the company expands its global reach over the coming years.
About Arrival
Arrival is reinventing the automotive industry with its entirely new method to the design and assembly of electric vehicles. Low CapEx, rapidly scalable Microfactories combined with proprietary in-house developed components, materials and software, enable the production of best in class vehicles competitively priced to fossil fuel variants and with a substantially lower total cost of ownership. This transformative approach provides cities globally with the solutions they need to create sustainable urban environments and exceptional experiences for their citizens. Arrival is a global business founded in 2015 and headquartered in London, UK and Charlotte, North Carolina, USA, with more than 1500 global employees located in offices across Germany, Netherlands, Israel, Russia, and Luxembourg. The company is deploying its first three Microfactories in North Carolina and South Carolina, USA and Bicester, UK in 2021.
About CIIG
CIIG Merger Corp. (NASDAQ: CIIC) is a Delaware special purpose acquisition company founded by Peter Cuneo, Gavin Cuneo and Michael Minnick for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. CIIG’s units, Class A common stock and warrants trade on the NASDAQ under the ticker symbols "CIICU," "CIIC," and "CIICW" respectively.
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the federal securities laws, including statements regarding the benefits of the proposed transaction, the anticipated timing of the proposed transaction, the anticipated timing of Arrival becoming a publicly listed Company, the products offered by Arrival and the markets in which it operates, the anticipated announcement of the appointment of additional members to Arrival’s Board of Directors, and Arrival Group’s projected future results. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Such statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are based on management’s belief or interpretation of information currently available. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this document, including, but not limited to: (i) the risk that the transaction may not be completed in a timely manner or at all, which may adversely affect the price of CIIG’s securities, (ii) the risk that the transaction may not be completed by CIIG’s business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by CIIG, (iii) the failure to satisfy the conditions to the consummation of the transaction, including the adoption of the business combination agreement by the stockholders of CIIG and Arrival, the satisfaction of the minimum trust account amount following redemptions by CIIG’s public stockholders and the receipt of certain governmental and regulatory approvals, (iv) the lack of a third party valuation in determining whether or not to pursue the proposed transaction, (v) the occurrence of any event, change or other circumstance that could give rise to the termination of the business combination agreement, (vi) the impact of COVID-19 on Arrival’s business and/or the ability of the parties to complete the proposed transaction; (vii) the effect of the announcement or pendency of the transaction on Arrival’s business relationships, performance, and business generally, (viii) risks that the proposed transaction disrupts current plans and operations of Arrival and potential difficulties in Arrival employee retention as a result of the proposed transaction, (ix) the outcome of any legal proceedings that may be instituted against Arrival Group, Arrival or CIIG related to the business combination agreement or the proposed transaction, (x) the ability to maintain the listing of CIIG’s securities on the NASDAQ Stock Market, (xi) the price of CIIG’s and the post-combination company’s securities may be volatile due to a variety of factors, including changes in the competitive and highly regulated industries in which Arrival operates, variations in performance across competitors, changes in laws and regulations affecting Arrival business and changes in the combined capital structure, (xii) the ability to implement business plans, forecasts, and other expectations after the completion of the proposed transaction, and identify and realize additional opportunities, (xiii) the risk of downturns and the possibility of rapid change in the highly competitive industry in which Arrival operates, (xiv) the risk that Arrival and its current and future collaborators are unable to successfully develop and commercialize Arrival’s products or services, or experience significant delays in doing so, (xv) the risk that the post-combination company may never achieve or sustain profitability; (xvi) the risk that the post-combination company will need to raise additional capital to execute its business plan, which may not be available on acceptable terms or at all; (xvii) the risk that the post-combination company experiences difficulties in managing its growth and expanding operations, (xviii) the risk that third-parties suppliers and manufacturers are not able to fully and timely meet their obligations; (xix) the risk that the utilization of Microfactories will not provide the expected benefits due to, among other things, the inability to locate appropriate buildings to use as Microfactories, Microfactories needing a larger than anticipated factory footprint, and the inability of Arrival to deploy Microfactories in the anticipated time frame; (xx) the risk that the orders that have been placed for vehicles, including the order from UPS, are cancelled or modified; (xxi) that Arrival has identified material weaknesses in its internal control over financial reporting which, if not corrected, could adversely affect the reliability of Arrival’s financial reporting (xxii) the risk of product liability or regulatory lawsuits or proceedings relating to Arrival’s products and services; (xxiii) the risk that Arrival is unable to secure or protect its intellectual property; and (xxiv) the risk that the post-combination company’s securities will not be approved for listing on the NASDAQ Stock Market or if approved, maintain the listing. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of CIIG’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, the Registration Statement and proxy statement/prospectus discussed above and other documents filed by CIIG from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Arrival Group, Arrival and CIIG assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Neither Arrival Group, Arrival nor CIIG gives any assurance that either Arrival Group, Arrival or CIIG will achieve its expectations.
PRIIPs / Prospectus Regulation /IMPORTANT – EEA AND UK RETAIL INVESTORS
The ordinary shares to be issued by Arrival Group in the proposed transaction (the “Ordinary Shares”) are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the EEA or in the UK. For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of MiFID II; or (ii) a customer within the meaning of Directive (EU) 2016/97, where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a qualified investor as defined in Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 (this Regulation together with any implementing measures in any member state, the “Prospectus Regulation”). Consequently, no offer of securities to which this announcement relates, is made to any person in any Member State of the EEA which applies the Prospectus Regulation who are not qualified investors for the purposes of the Prospectus Regulation, is made in the EEA and no key information document required by Regulation (EU) No. 1286/2014 (as amended the “PRIIPs Regulation”) for offering or selling the Ordinary Shares or otherwise making them available to retail investors in the EEA or in the United Kingdom will be prepared and therefore offering or selling the Ordinary Shares or otherwise making them available to any retail investor in the EEA or in the United Kingdom may be unlawful under the PRIIPs Regulation.
For more information, please visit www.arrival.com.
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Collaboration of Daimler Trucks North America, Portland General Electric reflects critical need to build infrastructure for electrified trucking fleets
OVERLAND PARK, Kan.--(BUSINESS WIRE)--As the automotive industry accelerates the delivery of electrified truck models, Daimler Trucks North America (DTNA) and Portland General Electric (PGE) are teaming up on a first-of-its-kind, public charging station specially designed for medium and heavy-duty electric commercial trucks. Black & Veatch, a leading provider of zero-emission vehicle transportation solutions, is now working to bring the Portland, Oregon, “Electric Island” project online to demonstrate high power charging infrastructure scaled to accommodate electric trucks and their large batteries capable of moving up to 80,000 pounds at highway speeds.
Against the backdrop of the advances in electrified trucking and the push to lower or altogether eliminate transportation’s carbon footprint, the project is scheduled to open this spring near DTNA’s headquarters and will feature nine charging stations. The site also will serve as a testing and innovation location, with plans for more chargers, on-site energy storage, solar power generation, a product and technology showcase building, and chargers capable of up to 1 megawatt of charging capacity. That’s more than four times faster than today’s fastest light-duty vehicle chargers.
On what officially is known as Swan Island, the “Electric Island” joint venture addresses the nexus of electrified trucks and the grid while creating opportunities for tomorrow’s EV drivers and utility customers. Powered by DTNA’s enrollment in PGE’s “Green Future Impact” renewable energy program, the site – and all vehicle charging – will be powered with no greenhouse gas emissions.
“`Electric Island’ is a perfect example of what the future looks like here today. It’s exciting to participate in this collaborative project driving innovation between a private enterprise and the local utility, all on a mission to unlock the potential of zero-carbon transportation options,” said Paul Stith, Black & Veatch’s director of global transportation initiatives.
“Given that transportation is an oversized contributor to pollution and climate-warming emissions, it’s important to ensure charging infrastructure keeps pace with commercial fleet adoption. Lessons learned at Electric Island will help transform thinking for the entire industry,” added Stith, who also serves on the board of the North American Council for Freight Efficiency and of Forth, a leading U.S. organization advancing clean transportation. “Proving the scalability of high-capacity charging infrastructure is critical to demonstrating the path forward for medium and heavy-duty electric vehicles.”
Positive feedback from zero-emission, heavy-duty test and validation fleets is building confidence and generating demand for vehicles. In the North American market alone, according to the Rocky Mountain Institute, zero-emissions freight vehicle availability over the next year is expected to increase from more than 70 models from two dozen manufacturers to at least 85 models from over 30 companies.
As zero-emission vehicle (ZEV) technology matures – particularly in the medium- and heavy-duty space –regulators in some states are providing incentives and increasingly strong mandates that force broader adoption of emissions-free vehicles and trucks. In the United States in June, the California Air Resources Board (CARB) mandated that half the state’s trucks be zero-emission by 2035.
Utilities are responding, viewing the need for charging stations as good both for the environment and business. Black & Veatch’s Strategic Directions: Electric Report – released in October and based on survey feedback from more than 600 electric industry stakeholders – found that the percentage of respondents who consider electrified transportation as a big opportunity to gain future load and revenue spiked 74 percent over 2019, to 21 percent from just 12 percent. An additional 38 percent said it was a good business opportunity.
Editor’s Notes:
About Black & Veatch
Black & Veatch is an employee-owned global engineering, procurement, consulting and construction company with a more than 100-year track record of innovation in sustainable infrastructure. Since 1915, we have helped our clients improve the lives of people around the world by addressing the resilience and reliability of our most important infrastructure assets. Our revenues in 2020 exceeded US$3.0 billion. Follow us on www.bv.com and on social media.
JIM SUHR | +1 913-458-6995 P | +1 314-422-6927 M | This email address is being protected from spambots. You need JavaScript enabled to view it.
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HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) announced today that it will participate in the following investor conferences this week.
The Partnership’s latest presentation materials are available and may be downloaded by visiting the Partnership’s website at www.genesisenergy.com under “Presentations” under the Investors tab.
Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas. Genesis’ operations include offshore pipeline transportation, sodium minerals and sulfur services, onshore facilities and transportation and marine transportation. Genesis’ operations are primarily located in the Gulf Coast region of the United States, Wyoming and the Gulf of Mexico.
Genesis Energy, L.P.
Ryan Sims
SVP – Finance and Corporate Development
(713) 860-2521
DUBLIN--(BUSINESS WIRE)--Power management company Eaton (NYSE:ETN) today announced it has acquired Green Motion SA, a leading designer and manufacturer of electric vehicle charging hardware and related software. Green Motion is based in Switzerland.
“Energy transition around the world is rapidly gathering momentum, and Eaton is well positioned to contribute to society and benefit from this important trend,” said Uday Yadav, president and chief operating officer, Electrical Sector, Eaton. “Electric vehicle charging infrastructure is among the areas where we expect to see significant growth over the next decade. Green Motion’s proven charger designs and its advanced power and billing management software are powerful additions to Eaton’s existing energy storage and power distribution offerings.”
Eaton’s mission is to improve the quality of life and the environment through the use of power management technologies and services. We provide sustainable solutions that help our customers effectively manage electrical, hydraulic, and mechanical power – more safely, more efficiently, and more reliably. Eaton’s 2020 revenues were $17.9 billion, and we sell products to customers in more than 175 countries. We have approximately 92,000 employees. For more information, visit Eaton.com.
Katy Brasser, (216) 232-8869
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Selected companies to receive $100,000 cash investment and year-long accelerator experience
HOUSTON--(BUSINESS WIRE)--Halliburton Labs today announced that it has opened the application process for early stage clean energy companies interested in joining its accelerator program. The application deadline is April 23, 2021.
“We’re excited to identify technology entrepreneurs with ready-to-scale solutions in energy generation, storage, distribution, conservation, and the circular economy,” said Dale Winger, managing director, Halliburton Labs. “Our program provides critical resources, including technical and operational expertise across numerous hardware disciplines and a global business network, to help participants advance their products, prepare for further scale and position for additional financing.”
Halliburton Labs will invite selected applicants to pitch for a spot in the program on May 21, 2021, at the Halliburton Labs Finalist Pitch Day. The pitch day will be delivered as a major clean tech event hosted as part of the Houston Tech Rodeo, a festival that celebrates the convergence of popular culture and technology in Houston.
“In our experience, Halliburton Labs is distinct among accelerator programs in the breadth and depth of its valuable industrial expertise to rapidly and responsively support our build, deployment, and commercial-grade demonstration,” said Todd Brix, founder and CEO of OCO Inc., a Halliburton Labs participant. OCO transforms carbon dioxide, water, and zero carbon electricity into a hydrogen-rich platform chemical to make a wide variety of zero-carbon chemicals, materials, and fuels.
For more information and to apply visit www.HalliburtonLabs.com.
ABOUT HALLIBURTON LABS
Halliburton Labs is a collaborative environment where entrepreneurs, academics, investors and industrial labs join to advance cleaner, affordable energy. Located at Halliburton Company’s headquarters in Houston, Texas, Halliburton Labs provides access to world-class facilities, operational expertise, practical mentorship and financing opportunities in a single location to help participants scale their business. Visit the company’s website at www.halliburtonlabs.com. Connect with Halliburton Labs on Twitter, LinkedIn and Instagram. Halliburton Labs is a wholly owned subsidiary of Halliburton Company.
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