VANCOUVER, British Columbia--(BUSINESS WIRE)--$GRN #RNG--Greenlane Renewables Inc. (“Greenlane”) (TSXV: GRN / FSE: 52G) is pleased to announce that it has received final approval for the listing of its common shares and warrants on the Toronto Stock Exchange ("TSX").

Greenlane’s common shares and warrants will commence trading on the TSX effective as of market open tomorrow, February 17, 2021, under the current trading symbols of "GRN" and “GRN.WT”, respectively. In connection with the TSX listing, Greenlane's common shares and warrants will be concurrently delisted from the TSX Venture Exchange (“TSXV”).

“Graduating to the senior board, after having commenced trading on the TSXV only 20 months ago, marks an important and exciting achievement for our company,” said Brad Douville, President and CEO of Greenlane. “We’ve accomplished a great deal of business success on our mission to decarbonize transportation and the natural gas distribution network with renewable natural gas produced from our biogas upgrading systems. I wish to thank our employees, whose hard work and dedication made it possible to rapidly build, grow and finance Greenlane, thus meeting the stringent TSX listing requirements in such a short amount of time.”

“From a capital markets perspective, trading on the TSX provides us with a greater platform from which to expand our global investor base and allows us to match our governance, growth and environmental and sustainability efforts with ESG-focused investors and individual investors seeking a greater reporting standard. I wish to acknowledge and thank the TSXV for being so helpful and supportive during our first phase as a public company.”

About Greenlane Renewables

Greenlane Renewables is a leading global provider of biogas upgrading systems that are helping decarbonize natural gas. Our systems produce clean, low-carbon renewable natural gas from organic waste sources including landfills, wastewater treatment plants, dairy farms, and food waste, suitable for either injection into the natural gas grid or for direct use as vehicle fuel. Greenlane is the only biogas upgrading company offering the three main technologies: water wash, pressure swing adsorption, and membrane separation. With over 30 years industry experience, patented proprietary technology, and over 110 biogas upgrading systems supplied into 18 countries worldwide, including the world’s largest biogas upgrading facility, Greenlane is inspired by a commitment to helping waste producers, gas utilities or project developers turn a low-value product into a high-value low-carbon renewable resource. For further information, please visit www.greenlanerenewables.com.

Incite Capital Markets
Eric Negraeff / Darren Seed
Ph: 604.493.2004
Brad Douville, President & CEO, Greenlane Renewables
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Deducted at the time of purchase with no additional paperwork required, the CCFR will make Arcimoto’s ultra-efficient EVs even more affordable for everyday drivers ready to start driving electric today.

EUGENE, Ore.--(BUSINESS WIRE)--$FUV #FUV--Arcimoto, Inc.® (NASDAQ: FUV), makers of affordable, practical, and joyful pure electric vehicles for everyday commuters and fleets, today announced that the Arcimoto FUV now qualifies for the $1,500 California Clean Fuel Reward. The discount will be instantly applied at the time of purchase with no additional paperwork necessary.

“Affordability for all is fundamental to our mission to catalyze the shift to sustainable transportation,” said Mark Frohnmayer, Arcimoto Founder and CEO. “Of all fifty states, California leads the nation in Arcimoto preorders, which now total more than 4,800. We applaud the Golden State for leading the charge to make ultra-efficient EVs more accessible for everyone.”

The California Clean Fuel Reward is a statewide electric vehicle time-of-sale incentive program funded through the California Air Resource Board’s Low Carbon Fuel Standard. The program is administered by Southern California Edison Company on behalf of all participating Electric Distribution Utilities. The California Clean Fuel Reward is available to anyone who resides in California and purchases a new FUV from Arcimoto.com.

About Arcimoto, Inc.
Arcimoto (NASDAQ: FUV) develops and manufactures ultra-efficient and affordable electric vehicles to help the world shift to a sustainable transportation system. Now available to preorder customers in California, Oregon, Washington, and Florida, the Arcimoto FUV® is purpose-built for everyday driving, transforming ordinary trips into pure-electric joyrides. Available for preorder, the Deliverator® and Rapid Responder™ provide last-mile delivery and emergency response functionality, respectively, at a fraction of the cost and environmental impact of traditional gas-powered vehicles. Two additional concept prototypes built on the versatile Arcimoto platform are currently in development: the Cameo™, aimed at the film and influencer industry; and the Roadster, designed to be the ultimate on-road fun machine. Every Arcimoto vehicle is built at the Arcimoto Manufacturing Plant in Eugene, Oregon. For more information, please visit Arcimoto.com.

Public Relations Contact:
Megan Kathman
(651) 785-3212
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Investor Relations Contact:
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DUBLIN--(BUSINESS WIRE)--The "Wind Turbine Castings - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

The publisher brings years of research experience to the 9th edition of this report. The 176-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Global Wind Turbine Castings Market to Reach $3.1 Billion by 2027

Amid the COVID-19 crisis, the global market for Wind Turbine Castings estimated at US$2.1 Billion in the year 2020, is projected to reach a revised size of US$3.1 Billion by 2027, growing at a CAGR of 5.8% over the period 2020-2027.

Onshore, one of the segments analyzed in the report, is projected to record 6% CAGR and reach US$2.6 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 Offshore segment is readjusted to a revised 4.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $568.1 Million, While China is Forecast to Grow at 8.9% CAGR

The Wind Turbine Castings market in the U.S. is estimated at US$568.1 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$660.7 Million by the year 2027 trailing a CAGR of 8.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 5.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR.

Competitors identified in this market include, among others:

• Elyria Foundry Company, LLC. and Hodge Foundry, Inc.
• ENERCON GmbH
• K & M Machine-Fabricating Inc.
• Premier
• Riyue Heavy Industry Co., Ltd.
• SAKANA Group
• Shandong longma Heavy Technology Co., Ltd.
• Simplex Castings Ltd.
• Sinovel Wind Group Co., Ltd.
• Suzlon Energy Ltd.

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Global Competitor Market Shares
• Wind Turbine Castings Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
• Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

• Total Companies Profiled: 38

For more information about this report visit https://www.researchandmarkets.com/r/3fesyb

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

HOUSTON--(BUSINESS WIRE)--BBVA USA, as Trustee of the San Juan Basin Royalty Trust (the “Trust”) (NYSE:SJT), today declared a monthly cash distribution to the holders of its Units of beneficial interest (the “Unit Holders”) of $2,547,730.20 or $0.054662 per Unit, based primarily upon production during the month of December 2020, subject to certain adjustments by the owner of the Trust’s subject interests, Hilcorp San Juan L.P. (Hilcorp”), for prior months. The distribution is payable March 12, 2021, to Unit Holders of record as of February 26, 2021.

Based upon information provided to the Trust by Hilcorp, gas production for the subject interests totaled 1,643,882 Mcf (1,826,535 MMBtu) for December 2020, as compared to 1,428,504 Mcf (1,587,227 MMBtu) for November 2020. Dividing revenues by production volume yielded an average gas price for December 2020 of $2.66 per Mcf ($2.39 per MMBtu), as compared to an average gas price for November 2020 of $3.14 per Mcf ($2.83 per MMBtu).

Hilcorp has advised the Trust that the December 2020 reporting month included a negative adjustment of $4,764 gross ($3,573 net to the Trust) based on true-ups for the October 2018, November 2018 and December 2018 production months.

Hilcorp also reported that for the reporting month of December 2020, revenue included an estimated $100,000 for non-operated revenue. For the month ended December 2020, Hilcorp reported to the Trust capital costs of $120,985, lease operating expenses and property taxes of $845,909, and severance taxes of $72,172.

Except for historical information contained in this news release, the statements in this news release are forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements generally are accompanied by words such as “estimates,” “anticipates,” “could,” “plan,” or other words that convey the uncertainty of future events or outcomes. Forward-looking statements and the business prospects of San Juan Basin Royalty Trust are subject to a number of risks and uncertainties that may cause actual results in future periods to differ materially from the forward-looking statements. These risks and uncertainties include, among other things, certain information provided to the Trust by Hilcorp, volatility of oil and gas prices, governmental regulation or action, litigation, and uncertainties about estimates of reserves. These and other risks are described in the Trust’s reports and other filings with the Securities and Exchange Commission.

Joshua R. Peterson, Head of Trust Real Assets & Mineral Resources
and Senior Vice President
Kaye Wilke, Investor Relations, toll-free: (866) 809-4553

EIP Participates in Leading North American Charging Network Operator Series C Round

NEW YORK--(BUSINESS WIRE)--Energy Impact Partners (EIP), a global investment platform leading the transition to a sustainable energy future, announced today its participation in the latest Series C financing round for AddEnergie Technologies Inc. (FLO | AddEnergie), a leading North American charging network operator for electric vehicles and a major provider of smart charging software and equipment. This brings the total of the Series C round to CAD$53 million.

Founded in Quebec in 2009, FLO | AddEnergie is a leader in smart charging solutions for electric vehicles in Canada and is growing on the international scene. The company has established its market leadership through projects, among others, with Canadian utility, and EIP limited partner, Fortis, Inc. The raised capital will allow FLO | AddEnergie to partner with utilities to expand FLO^®, its North American electric vehicle (EV) charging network in the U.S. and Canadian markets. The company deployed over 13,000 charging stations in 2020, expanding to cities like Los Angeles, Cincinnati and Toronto.

“Our investment in FLO | AddEnergie will support the expansion of EV charging networks across North America, and will be a catalyst for the accelerated adoption of EV’s in both the US and Canada,” said Cassie Bowe, principal at Energy Impact Partners. “We are pleased to partner with the company as they are accelerating their growth in the US and working with utilities to make EV use possible for millions of drivers in North America.”

With this latest investment, EIP has expanded its total investments in the EV transportation and mobility market to five innovative companies, including Volta, Greenlots, Viriciti, and Remix. The investment is reflective of EIP’s pursuit of partnering with companies at the intersection of electrification and mobility.

“We welcome EIP as an investor in FLO | AddEnergie,” said Louis Tremblay, President and CEO at FLO | AddEnergie. “Our FLO network, which relies on cutting edge fast charging technology and smart energy management solutions, will not only fundamentally transform the way the public thinks about transportation, but also prepare utilities for the complex challenges associated with expanded EV use. With, EIP’s support, FLO | AddEnergie will make accelerated EV adoption in the U.S. a reality.”

For more information on EIP, please visit www.energyimpactpartners.com.

About FLO | AddEnergie

AddEnergie is a leading North American charging network operator for electric vehicles and a major provider of smart charging software and equipment. Every month, AddEnergie charging stations and its FLO network enable approximately half a million charging events and the transfer of 5.5 GWh in electricity, thanks to over 35,000 high-quality stations deployed on public networks, commercial and residential installations. AddEnergie’s headquarters and network operations center are based in Quebec City, and its assembly plant is located in Shawinigan (Quebec). The company also has an office in Montreal and regional teams located in Ontario, British Columbia, California, New York and Florida. For more information visit flo.com.

About Energy Impact Partners

Energy Impact Partners (EIP) is a global investment platform leading the transition to a sustainable energy future. EIP brings together entrepreneurs and the world's most forward-looking energy and industrial companies to advance innovation. With over $1.5 billion in assets under management, EIP invests globally across venture, growth, credit and infrastructure – and has a team of more than 45 professionals based in its offices in New York, San Francisco, Palm Beach, London, Cologne and soon Oslo. For more information on EIP, please visit www.energyimpactpartners.com.

Energy Impact Partners Media Contact
Matthew Matyjek
On behalf of EIP
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FLO | AddEnergie Media Contact
Sylvain Bouffard
Director, Communications and Public Affairs
FLO | AddEnergie
418 480-5884
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Board to help development of initiatives to maximize positive environmental impacts from sustainable farming and low-carbon grain market

SAN CARLOS, Calif. & CHICAGO--(BUSINESS WIRE)--Gradable^TM, one of the leading technology and services provider that facilitates the scoring, sourcing, and pricing of Low-Carbon Grain from farm-to-fork, today announced the appointment of the Gradable Environmental Advisory Board, which includes representatives from the Environmental Defense Fund, Argonne National Laboratory, The Nature Conservancy^®, and the Foundation for Food & Agriculture Research (FFAR).

Gradable enables comprehensive environmental transparency, and supports a market for premium, environmentally-scored grain. Gradable also provides buying intelligence software that directly connects farmers with consumer packaged goods companies, animal feed providers, biofuel makers and the world’s other major grain buyers.

The Gradable Environmental Advisory Board will provide third-party scientific, agronomic, and economic counsel for Gradable initiatives. These efforts help maximize the positive environmental impacts of these campaigns and assist Gradable in aligning stakeholders in the agriculture supply chain, from farmers to grain buyers to consumer packaged goods companies to policymakers around practical solutions.

Board members represent numerous world-class research organizations and environmental groups around the globe.

The Board includes Jenny Ahlen, Senior Director of Sustainable Food and Products for the Environmental Defense Fund’s EDF+Business program. She works with leading consumer goods companies and retailers to reduce the climate impacts of global supply chains. EDF, one of the world’s leading international nonprofit organizations, creates transformational solutions to the most serious environmental problems. To do so, EDF links science, economics, law and innovative-private sector partnerships.

“We see enormous opportunities for supply chain and policy innovations that reward farmers for climate-smart practices,” Ahlen said. “By increasing conservation data availability and transparency, Gradable can enable solutions that deliver results for farmers, businesses and the planet. We're excited to be part of this effort.”

The Nature Conservancy's director of agriculture innovation, Renée Vassilos, has also joined the Board. Vassilos manages the organization’s investments in innovative companies working to scale regenerative agriculture practices. The Nature Conservancy is one of the world’s leading global conservation organizations dedicated to conserving the lands and waters upon which all life depends.

“If we are truly going to ensure the long-term food security of billions around the world, profitable livelihoods for growers, farmers, and ranchers, and a healthy environment, innovation in regenerative agriculture must be a business imperative,” said Vassilos. “Taking proactive steps to innovate the global food supply chain, while also implementing policy solutions that reward growers for adopting climate-friendly practices, is a win-win for agriculture and the environment.”

Michael Wang, a Distinguished Fellow, Senior Scientist, and Director of the Systems Assessment Center of the Energy Systems Division at Argonne National Laboratory, also joined the Board. At Argonne, he oversees the evaluation of energy and environmental impacts of vehicle technologies, transportation fuels, and energy systems. He is the original developer of Argonne’s GREET^® model, which is used by industries and government agencies. Argonne is a multidisciplinary science and engineering research center that seeks solutions to pressing national problems, with a focus on “understanding the planet, climate and cosmos.”

“I am pleased to see that Gradable is benefitting from the GREET model and its results. Credible, transparent carbon footprint results are key to encourage farmers to pursue sustainable farming practices,” Wang added.

Dr. LaKisha Odom, Scientific Program Director at the Foundation for Food & Agriculture Research (FFAR) brings expertise on soil health to the board. Founded in 2014, FFAR builds partnerships to address today’s food and agriculture challenges, seeking to enhance the economic and environmental resilience of our food supply.

“We’re proud to welcome the distinguished environmental leaders to our board,” said Devin Lammers, CEO of Gradable. “They’ll bring unparalleled experience and expertise to ensure Gradable maximizes its positive impact on the environment, farmers, rural economies, and beyond.”

The Gradable Environmental Advisory Board will begin by assisting the company in solidifying a carbon intensity scoring model for grain, and will counsel on topics such as soil health, traceability, regenerative agriculture certifications, and farm-level financial instruments.

About Gradable:

Gradable, launched by Farmer’s Business Network, Inc. (FBN^®), provides new technology and services that facilitate the scoring, sourcing, and pricing of Low-Carbon Grain, making environmental transparency in the grain industry a reality now. Gradable enables comprehensive environmental transparency and supports a market for premium, environmentally-scored grain. Gradable also provides buying intelligence software that directly connects farmers with consumer packaged goods companies, animal feed providers, biofuel makers and the world’s other major grain buyers.

To learn more, visit www.gradable.com

About FBN:

Farmer’s Business Network, Inc. is an independent ag tech platform and farmer-to-farmer network with a mission to power the prosperity of family farmers around the world, while working towards a sustainable future. Its Farmers First® promise has attracted over 24,000 members to the network with a common goal of maximizing their farm’s profit potential. FBN has set out to redefine value and convenience for farmers by helping reduce the cost of production and maximize the value of their crops.

The FBN network has grown to cover more than 67 million acres of member farms in the U.S., Canada and Australia. Blending the best of Midwestern agricultural roots and Silicon Valley technology, the company has over 600 personnel and offices in San Carlos, Calif., Chicago, Ill., Sioux Falls, S.D., a Canadian Headquarters in High River, Alberta and an Australian Headquarters in Perth.

To learn more, visit: www.fbn.com.

*Fees may apply for certain product and service offerings other than FBN membership.

The sprout logo, “Farmers Business Network”, “FBN”, “FBN Direct” and “Farmers First” are registered trademarks or service marks of Farmer’s Business Network, Inc. GREET is a registered trademark of the Argonne National Laboratory. All other marks are the property of their respective owners.

Media:
Keith Chapman
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SEATTLE--(BUSINESS WIRE)--Expeditors International of Washington, Inc. (NASDAQ:EXPD) today announced fourth quarter 2020 financial results including the following highlights compared to the same quarter of 2019:

• Diluted Net Earnings Attributable to Shareholders per share (EPS¹) increased 47% to $1.16
• Net Earnings Attributable to Shareholders increased 45% to $199 million
• Operating Income increased 56% to $282 million
• Revenues increased 55% to $3.2 billion
• Airfreight tonnage volume increased 10% and ocean container volume increased 19%

“We moved more freight in the fourth quarter of 2020 than in any other quarter in our history,” said Jeffrey S. Musser, President and Chief Executive Officer. “We set Company bests in airfreight tonnage and ocean containers shipped, as well as in revenue, operating income and net earnings. All 17,500 people in our international network performed at levels we have never experienced before and in one of the most challenging operating environments in our 40-year history. I cannot thank our people enough and am tremendously proud to be part of an organization capable of performing at these levels while facing so many disruptions due to the COVID-19 pandemic. I credit our strong knowledge-based culture and our ability to collectively work as one team as primary factors in our success.

“Air buy and sell rates were elevated and volatile during the quarter, and supply and demand remained severely out of alignment, as demand for certain goods, particularly from North Asia, drove record high air tonnage. Air capacity remained extremely tight, as passenger flights have not returned to anywhere near their pre-COVID-19 pandemic levels. We anticipate that air supply/demand and pricing conditions are likely to remain unsettled well into 2021.

“Our ocean services business also experienced significant marketplace imbalance during the quarter, as demand soared and volumes increased, particularly on exports from North and South Asia, which drove higher average buy and sell rates. In addition, port congestion from labor and equipment shortages have significantly disrupted sailing schedules. We expect the pressure on buy rates to remain elevated until those conditions subside.

“In addition to our diverse workforce and our inclusive culture, our solid performance was largely based on the strength of our carrier relationships – both in air and ocean. Here, too, I applaud the extra focus and dedication of our people to keep those relationships strong and to secure available space for our customers in such unpredictable conditions. The marketplace remains very fluid. Despite some signs of improved COVID-19 conditions in certain parts of the world, supply chains continue to be disrupted. We remain focused on keeping our people safe, first and foremost, while continuing to serve our customers at the very highest level.”

Bradley S. Powell, Senior Vice President and Chief Financial Officer, added, “We also experienced strong growth in Customs Brokerage, Order Management, Transcon and Distribution, as our customers’ businesses improved and we on-boarded new customers. These latest results are particularly striking in comparison to the fourth quarter of 2019, when average sell rates had declined faster than our average buy rates, and both air and ocean volumes fell as slowing trade to and from China impacted overall freight movement around the globe just as the earliest effects of COVID-19 were being felt. While we are unable to predict how ongoing disruptions related to COVID-19 will affect our future operations or financial results going forward, we do not expect these unprecedented operating conditions to persist long-term. We will continue to make important investments in people, processes and technology, as well as to invest in our strategic efforts to explore new areas for profitable growth.”

Mr. Powell noted that the Company’s effective tax rate for the full year of 2020 was 27.0%, compared to 25.6% in 2019. Earnings of our international subsidiaries, which on average have higher effective tax rates when compared to U.S. Federal and State tax rates, were proportionally higher in 2020 than in the U.S.

Expeditors is a global logistics company headquartered in Seattle, Washington. The Company employs trained professionals in 176 district offices and numerous branch locations located on six continents linked into a seamless worldwide network through an integrated information management system. Services include the consolidation or forwarding of air and ocean freight, customs brokerage, vendor consolidation, cargo insurance, time-definite transportation, order management, warehousing and distribution and customized logistics solutions.

The twelve months ended December 31, 2019 includes the effect of changing our presentation of certain import services from a net to a gross basis and our revised presentation of destination services that started in the second quarter of 2019, which increased revenues and directly related operating expenses in customs brokerage and other services but did not change operating income.

During the three and twelve months ended December 31, 2020, we repurchased 0.2 million and 4.6 million shares of common stock at an average price of $90.81 and $72.26 per share, respectively. During the three and twelve months ended December 31, 2019, we repurchased 1.2 million and 5.3 million shares of common stock at an average price of $73.89 and $72.91 per share, respectively.

Investors may submit written questions via e-mail to: This email address is being protected from spambots. You need JavaScript enabled to view it.. Questions received by the end of business on February 19, 2021 will be considered in management's 8-K “Responses to Selected Questions.”

Disclaimer on Forward-Looking Statements

Certain statements contained in this news release are “forward-looking statements,” such as statements relating to management’s views with respect to future events and underlying assumptions that involve risks and uncertainties, including statements such as our expectations of continued volatility in air pricing, ongoing pressure for elevated buy rates in the ocean services business, that the COVID-19-related operating conditions will not continue long-term, and that the Company expects to continue making investments in people, processes and technology. Future financial performance could differ materially because of factors such as: our ability to perform at these levels while facing several disruptions due to the COVID-19 pandemic, including employee retention and their health and safety; our ability to execute during port congestion due to labor and equipment shortages and disrupted sailing schedules; the timing of passenger flights returning close to their pre-COVID-19 levels; the impact on our ocean volumes; continued volatility in airfreight and ocean buy and sell rates; our access to carrier capacity; our ability to keep our global offices open and operating; our ability to execute our business continuity plans; the strength of our financial position and our ability to continue to make investments in our strategic initiatives; our ability to remain a strong, healthy, unified and resilient organization; and the future impact of changes in the mix of domestic and foreign income on our effective tax rate. The COVID-19 pandemic could have the effect of heightening many of the other risks described in Item 1A of our Annual Report on Form 10-K, including, without limitation, those related to the success of our strategy and desire to maintain historical unitary profitability, our ability to attract and retain customers, our ability to manage costs, interruptions to our information technology systems, the ability of third-party providers to perform and potential litigation as updated by our reports on Form 10-Q, filed with the Securities and Exchange Commission. These and other factors are discussed in the Company’s regulatory filings with the Securities and Exchange Commission, including those in “Item 1A. Risk Factors” of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019 and in “Item 1A. Risk Factors” of the Company’s most recent Quarterly Report on Form 10-Q. Additional information will also be set forth in our Annual Report on Form 10-K for the year ended December 31, 2020. The forward-looking statements contained in this news release speak only as of this date, and the Company does not assume any obligation to update them except as required by law.

Jeffrey S. Musser
President and Chief Executive Officer
(206) 674-3433

Bradley S. Powell
Senior Vice President and Chief Financial Officer
(206) 674-3412

Geoffrey Buscher
Director - Investor Relations
(206) 892-4510

An additive manufacturing expert with decades of deep industry knowledge

CAMPBELL, Calif.--(BUSINESS WIRE)--#3Dmetalprinting--As California-based metal additive manufacturing (AM) leader VELO^3D continues on its accelerated growth path, the company has announced the appointment of Jon Porter to head its commercial operations in Europe. Based in the U.K., Porter will oversee VELO^3D’s ongoing expansion efforts into this key strategic region.

Porter comes to VELO^3D from Renishaw, where he worked in the business development team of the AM division. While there he was also directly involved with the international organizations (SAE, ASTM and BSI) that are developing new standards for the industrial 3D-printing sector.

Porter’s earliest introduction to AM came in the 1990s working for renowned engineer-entrepreneur James Dyson. As the company grew from successful startup to leading floorcare and appliance business, Porter became involved in its early investment in AM technology. “I saw the potential for AM as a ‘bridge to manufacturing’ that allows for significant time compression and de-risking of both product development and the toolmaking cycle,” he says. “Throughout my experience with several other companies as AM has evolved since then, the value of 3D printing as a powerful end-product manufacturing process has become increasingly clear.”

VELO^3D founder and CEO Benny Buller views Porter’s appointment as an opportunity to better support existing customers throughout Europe while educating others about the growth-making potential of VELO^3D’s AM technology. “With Jon at the helm of our European base of operations, manufacturers in the region now have similar-time-zone access to someone who knows AM inside and out—and who has also experienced, first-hand, how adopting this technology can make all the difference in a company’s ability to innovate and compete,” he says.

Jon Porter holds a degree in Engineering Product Design from South Bank University in London. He is currently based in Gloucestershire, England and is available at This email address is being protected from spambots. You need JavaScript enabled to view it., phone number +447436597017.

About VELO^3D

VELO^3D empowers companies to imagine more and additively manufacture nearly anything. Bringing together an integrated, end-to-end solution of software, hardware, and process-control innovation, VELO^3D’s technology for 3D metal printing delivers unparalleled quality control for serial production and enhanced part performance. With VELO^3D Flow™ print preparation software, Sapphire^® laser powder bed AM system, and Assure™ quality assurance software, manufacturers can accelerate product innovation, become more agile and responsive to market needs, and reduce costs. First in the industry to introduce SupportFree metal 3D printing, which allows for the manufacture of previously impossible geometries, the company is based in Silicon Valley and is privately funded. For more information, please visit https://www.velo3d.com/.

Renette Youssef
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WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) today announced that it will release its fourth-quarter and full-year 2020 financial results before the market opens on Friday, March 5, 2021, and host a conference call that morning for investors and analysts.

The call also will be webcast live and archived on the Investor Relations section of the Global Partners website, https://ir.globalp.com.

About Global Partners LP

With approximately 1,550 locations primarily in the Northeast, Global is one of the region’s largest independent owners, suppliers and operators of gasoline stations and convenience stores. Global also owns, controls or has access to one of the largest terminal networks in New England and New York, through which it distributes gasoline, distillates, residual oil and renewable fuels to wholesalers, retailers and commercial customers. In addition, Global engages in the transportation of petroleum products and renewable fuels by rail from the mid-continental U.S. and Canada. Global, a master limited partnership, trades on the New York Stock Exchange under the ticker symbol “GLP.” For additional information, visit https://www.globalp.com/.

Daphne H. Foster
Chief Financial Officer
Global Partners LP
(781) 894-8800

Edward J. Faneuil
Executive Vice President,
General Counsel and Secretary
Global Partners LP
(781) 894-8800

HVAC upgrades across the Company’s military housing portfolio will deliver $4 million in energy savings over the next 10 years

MALVERN, Pa.--(BUSINESS WIRE)--Balfour Beatty Communities, a national residential real estate investment and management company, today announced it has been named a 2020 Motili Carbon Reduction Champion for reducing its emissions through HVAC upgrades completed across its military housing portfolio in 2020. Balfour Beatty Communities replaced HVAC systems in more than 1,200 military housing units, improving system performance while driving energy savings and lower carbon emissions.

Last year Balfour Beatty Communities partnered with Motili to provide routine HVAC maintenance, repair and replacement work across the company’s military housing portfolio. HVAC systems in 94% of the 44,000 home portfolio were serviced, cleaned and maintained at regular intervals throughout the year. The HVAC replacements provide important operational efficiencies and are expected to reduce energy use by almost 25% and significantly cut the carbon emissions from each unit. The total carbon emission reduction per year equates to the weight of approximately 583 elephants.

“At Balfour Beatty Communities, we believe a rigorous preventive maintenance program is critical to delivering an exceptional experience to our residents, ensuring our homes are comfortable and HVAC systems operate effectively over the long-term,” said Rick Taylor, President Facility Operations, Renovation & Construction, Balfour Beatty Communities. “Working with Motili, we have been able to accelerate upgrades and, in the process, have substantially improved the sustainable performance of our HVAC units. We are committed to long-term sustainability and we are very pleased to be recognized as a Motili Carbon Reduction Champion.”

Motili leverages contractors, operations teams, and the industry’s most advanced Internet platform, to handle work requests from start to finish. Motili’s predictive analytics improves budgeting accuracy by predicting project equipment lifecycle, identifying reactive repair jobs before they happen.

“Working with Balfour Beatty Communities has been extremely gratifying this past year. Even during a global pandemic, Balfour did not miss a beat and worked on significantly reducing its HVAC-generated carbon footprint throughout 2020,” said Matthew Sallee, Vice President, Business Development, Motili. “We are happy to name Balfour Beatty a 2020 Motili Carbon Reduction Champion. We know 2021 will continue the positive momentum the company worked so diligently to achieve.”

Carbon emissions at residential, commercial and multi-family housing complexes across the country account for 12% of the total U.S. greenhouse gas (ghg) emissions. Tackling HVAC CO2 emissions is of primary importance to manufacturers as they continue to innovate toward achieving net zero HVAC solutions.

About Balfour Beatty Communities

Balfour Beatty Communities is an active owner and operator of residential real estate in the multifamily, student and military housing sectors across the United States. Since its inception in 1999, Balfour Beatty Communities has invested in nearly 100 properties representing more than $7.9 billion of gross asset value. Our broad in-house expertise includes decades of acquisition, development, finance, renovation, leasing and property/facility management experience. Leveraging this extensive expertise and a customer service-focused approach, Balfour Beatty Communities seeks to create value in its real estate projects while delivering exceptional living experiences. For more information, visit balfourbeattycommunities.com.

Balfour Beatty Communities is a subsidiary of Balfour Beatty Investments, Inc. and Balfour Beatty plc, a leading international infrastructure group.

About Motili

Motili’s technology platform allows property managers, owners and investors to easily manage repair and replacement jobs. Motili handles all aspects of the job from scheduling to ordering equipment to invoicing, making Motili the single point of contact for all property maintenance and equipment replacement.

Visit: http://www.motili.com to learn more.

Maureen Omrod
Senior Vice President, Marketing & Communications
Balfour Beatty Communities
610-355-8136
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Joanne Hogue
Smart Connections PR
(410) 658-8246
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SARASOTA, Fla.--(BUSINESS WIRE)--ule.Helios Technologies (Nasdaq: HLIO), a global leader in highly engineered motion control and electronic controls technology for diverse end markets, announced today that it will release its fourth quarter and full year 2020 financial results after the market closes on Monday, March 1, 2021. Josef Matosevic, President and Chief Executive Officer, and Tricia Fulton, Chief Financial Officer, will host a conference call and webcast the following day to review the Company’s financial and operating results, and discuss its corporate strategies and outlook.

Fourth Quarter 2020 Financial Results Conference Call:

Tuesday, March 2, 2021
9:00 a.m. Eastern Time
Phone: (201)-689-8573
Internet webcast and accompanying slide presentation: www.heliostechnologies.com.

A telephonic replay will be available from approximately 12:00 p.m. ET on the day of the call through Tuesday, March 9, 2021. To listen to the archived call, dial (412) 317-6671 and enter conference ID number 13715001. The webcast replay will be available in the investor relations section of the Company’s website at www.heliostechnologies.com, where a transcript will also be posted once available.

About Helios Technologies

Helios Technologies is a global leader in highly engineered motion control and electronic controls technology for diverse end markets, including construction, material handling, agriculture, energy, recreational vehicles, marine, health and wellness. Helios sells its products to customers in over 85 countries around the world. Its strategy for growth is to be the leading provider in niche markets, with premier products and solutions through innovative product development and acquisition. The company has paid a cash dividend to its shareholders every quarter since becoming a public company in 1997. For more information please visit: www.heliostechnologies.com

Tania Almond
VP, Investor Relations & Corporate Communications
(941) 362-1333
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Deborah Pawlowski
Kei Advisors LLC 
(716) 843-3908 
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A&R Logistics Export Headquarters Harnesses the Power of New OmniTRAX Dual Rail Served Cross Dock Operation and The Port of Savannah

SAVANNAH, Ga.--(BUSINESS WIRE)--Savannah Gateway Industrial Hub (SGIH), a 2,600 acre master planned multi-modal industrial park development partnership between OmniTRAX – The Broe Group’s transportation affiliate – and Effingham County Industrial Development Authority (ECIDA), announced dual project milestones that mark the park’s official opening. A&R Logistics’ new global export headquarters is fully operational and the park’s new OmniTRAX rail infrastructure that enables its multi-modal export capability is officially receiving shipments from Class 1 providers CSX Transportation (CSX) and Norfolk Southern Rail (NS).

“The amazing speed of this buildout delivered well ahead of plan, under these market conditions, is a testament to the shared commitment and incredible collaboration from OmniTRAX, Broe Real Estate Group, Effingham County, the Class I railroads and the Port of Savannah,” said A&R Logistics President Chris Ball. “The Port of Savannah is poised to be a key plastics export hub, and our new export operation delivers a strategic facility from which we can best serve our customers’ global needs.”

The Savannah Gateway Industrial Hub (SGIH) is a public-private partnership between Effingham County Industrial Development Authority and The Broe Group, parent company of affiliates OmniTRAX and Broe Real Estate. The planned twenty million square foot logistics park offers an ideal location within 12 miles of The Port of Savannah, America’s 3rd largest port, and has received tremendous support from Effingham County, the State of Georgia and the Georgia Ports Authority as well as its two rail partners CSX and NS. Savannah Gateway unlocks unparalleled multi-modal logistics connectivity through rail, truck and ship to markets throughout the Southeast, North America and the World.

“The A&R facility, SGIH’s new rail yards and the miles of park rail infrastructure are the latest examples of OmniTRAX’s ability to create and deliver full spectrum rail served real estate solutions designed to solve customer needs,” said OmniTRAX Executive Vice President of Corporate Development and Strategic Accounts Scott Brinner.

“Savannah Gateway Industrial Hub is well positioned to capture the unprecedented level of industrial demand in the region,” said Broe Real Estate Group Executive Vice President Reagan Shanley. “As supply chains evolve to meet changing consumption and manufacturing patterns, the importance of proximity, optionality and efficiency has never been greater. SGIH combines the power of dual rail optionality with the most efficient port in the nation to deliver unmatched logistics efficiency. To continue to meet this demand, multiple new large-scale projects are currently underway.”

About OmniTRAX, Inc.

As one of North America’s fastest growing railroad and transportation management companies, OmniTRAX's core capabilities range from providing transportation and supply chain management services to railroad and port companies, to providing intermodal and industrial switching operations to railroads, ports and a diverse group of industrial companies. Through its affiliation with The Broe Group and its portfolio of managed companies, OmniTRAX also has the unique capability of offering specialized industrial development and real estate solutions, both on and off the rail network managed by OmniTRAX. More information is available at omnitrax.com.

About Broe Real Estate Group

Broe Real Estate Group acquires, develops and manages commercial real estate assets. Affiliated companies own and manage office and industrial properties, medical office buildings and multi-family communities across the country, including premier assets in many of the most desirable markets. Broe Real Estate Group has a 40-year history of value-add real estate investing in Northern Colorado and across the United States. We improve value though the implementation of focused business plans that increase cash flow and create stable income streams. Additional information is available at broerealestate.com.

About The Broe Group

Based in Denver, The Broe Group and its affiliates form a privately-owned, multi-billion-dollar real estate, transportation, energy and investment organization with assets owned and managed across North America. Together, Broe managed companies employ more than 1,000 people and support employment of thousands of others through operations such as its Great Western Industrial Park in Northern Colorado. Its transportation affiliate, OmniTRAX, Inc., is one of North America’s fastest growing railroad and transportation management companies specializing in: management services, railroad and port services, intermodal solutions and industrial switching operations. Its energy affiliates include Great Western Petroleum, LLC, the largest private operator in the third most prolific U.S. basin. Broe Real Estate Group acquires, develops and manages office and industrial properties, medical office buildings and multi-family communities across the country, including premier assets in many of the most desirable markets. The Broe Group also has multiple investment affiliates, including Three Leaf Ventures, which is focused on innovative healthcare technology start-ups. For more information, visit broe.com.

Julie Slagle, Manager – Communications
OmniTRAX
+1 303.398.4539
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Highly accurate ship performance models built off real-world data

PALO ALTO, Calif.--(BUSINESS WIRE)--#MOL--Bearing (www.bearing.ai) exits stealth mode and launches its AI-driven operations optimization platform, which provides a wide range of actionable insights to shipping companies, leading to improved efficiency, safety and reduced greenhouse gas emissions. Bearing’s platform is powered by highly accurate ship performance models built on real-world data, allowing it to predict fuel consumption, speed, and other performance factors much more accurately than existing solutions on the market. (e.g., Bearing’s typical prediction accuracy for fuel consumption is over 98% per voyage, compared to a typical existing accuracy of 80%).

The trillion-dollar maritime shipping industry moves 90% of the goods people interact with on a daily basis. However, the industry still struggles with significant inefficiencies and has traditionally been slow to adopt new technologies. The industry is now facing additional challenges on several fronts, from new environmental regulations to rapid shifts in global trade. To address these industry challenges, shippers are looking for new ways to streamline their operations. By working closely with many of the top-10 global shippers, Bearing has developed solutions that help shippers of all types (from tankers to containerships) improve their operations and, ultimately, their profit margins.

Based in Silicon Valley, Bearing’s team has deep roots in artificial intelligence (AI) and scaling large-scale data-driven products. Bringing this expertise to the shipping industry, Bearing has developed solutions that outperform the industry’s traditional solutions that are manually intensive and, therefore, expensive.

Core to Bearing’s technology is a platform that ingests data from various sources, including ship sensors, satellite positioning and weather data. Bearing combines this data with deep learning technologies to build hyper accurate models that predict vessel performance in a wide range of operating conditions, from storms to calm water. These models serve as the foundation for a range of products, including:

Smart Routing Engine: Automatically analyzes all potential routes for a given voyage and recommends the optimal route and speed profile for fuel efficiency, market opportunities and safety. Notably, the Smart Routing Engine continuously evaluates all possible route options and automatically adapts to changing weather conditions in real-time. Bearing built the Smart Routing Engine to integrate into existing workflows smoothly, so captains and operators can quickly receive and react to recommendations. The Smart Routing Engine also accurately projects the real-time profitability of a given voyage, removing much of the guesswork that exists in the industry today.

Bearing's Smart Routing Engine is already deployed with its initial partner, MOL, one of Japan’s largest shipping companies. MOL collaborated with Bearing in the initial testing and launch of the Smart Routing Engine because they recognized Bearing’s deep AI expertise and background in building technology products. “MOL, at its highest organizational levels, continuously monitors the condition of our fleet to ensure optimum operational efficiency and prudent, safe navigation by combining the technologies of Bearing as well as other existing and new solutions,” said President of MOL (Americas), Katsumi Nagata.

Performance Analysis Dashboard: Allows operators to see accurate trends in efficiency for their entire fleet. The dashboard proactively highlights actions that operators can take to improve fleet efficiency and allows operators to calculate the ROI for different actions, such as hull cleaning. Traditionally, measuring vessel performance against an objective baseline has been challenging to do, as vessel performance can vary significantly even on a single voyage due to factors like weather. Bearing’s technology allows operators to understand their fleet in a clear, quantitative way, thereby empowering them to make the right decisions.

“K” LINE, one of Japan’s leading shipping companies, collaborated closely with Bearing as a pioneer on the development and testing of the Performance Analysis Dashboard. “As a result of verifying the performance analysis by utilizing Bearing's technology, "K" LINE confirmed a much higher level of data accuracy compared with the existing performance analysis tool. Therefore, "K" LINE is going to adopt Bearing's Performance Analyzing Tool on 300+ vessels,” said General Manager of “K” LINE’s Advanced Technology Group, Shingo Kameyama. “High accuracy of ship's performance analysis is essential for all safety and energy-saving measures in ship operation. Bearing's technology contributes to our safe, economical operation and greenhouse gas reduction, which is one of the most significant maritime industries' challenges.”

Ship Profile API: Enables shipping companies and other service providers to tap into Bearing’s deep learning models via an easy-to-use API to power their own tools. Bearing has partnered with ZeroNorth, a spin-off of Maersk Tankers, to develop and launch this API. Bearing's API is currently helping to power ZeroNorth’s Optimise platform, allowing tramp shippers to optimize their operations and improve overall profitability.

Founders

Bearing’s cofounders are CEO Dylan Keil and Chief Engineer David Liu. Dylan has deep expertise in building products that leverage real-world sensor data. Before founding Bearing, Dylan was the CEO and Cofounder of Chronos, a startup that developed a leading contextual-awareness engine for mobile-devices. David has extensive experience building scalable, AI-enabled products. David spent over a decade at Intel, leading a wide variety of engineering efforts, focusing on Machine Learning.

Investors

With the support of the company’s investors, AI Fund (founded by Andrew Ng, a leading pioneer in AI) and Mitsui & Co., Ltd., the team has successfully brought AI to tackle the most significant challenges within the shipping industry. Total funding-to-date is $3 million.

"The AI Fund is proud to back Bearing. The maritime shipping industry is well positioned for AI to drive significant optimization. This will be good for shippers, manufacturers, consumers, and also the environment,” said General Partner of AI Fund, Dr. Andrew Ng. “Dylan, David and their team have the expertise required to not just train models but actually deploy and scale AI-enabled products. Full steam ahead!”

“We believe that there is a wide range of opportunities to use deep learning algorithms in the maritime and shipping industry, which can lead to various applications including greenhouse gas reduction,” said Representative Director, Senior Executive Managing Officer and Chief Digital Information Officer of Mitsui & Co., Ltd., Yoshio Kometani. “We are happy to join forces with Bearing and AI Fund to develop innovative technologies, expand the business, and help to create an eco-friendly society.”

About Bearing:

Based in Palo, Alto, CA, Bearing brings operational efficiencies to the maritime shipping industry. Through the use of artificial intelligence (AI), Bearing aggregates and analyzes data from multiple sources to provide actionable insights for fuel efficiency, optimal routing and vessel performance. Backed by AI experts and partnerships with global shippers, Bearing is helping its customers increase their profit margins and reduce greenhouse gas emissions. For more information on Bearing, go to www.bearing.ai.

Kimberly Rose
ShapeTechnology
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650-759-6385

DUBLIN--(BUSINESS WIRE)--The "State Regulation of Oil and Gas Sector in 2021 and Prospects 2021" report has been added to ResearchAndMarkets.com's offering.

The year 2020 was a bitter trial to the whole world economy and especially to the oil and gas industry. Russia was not an exception in this regard.

The struggle between camps supporting the OPEC+ deal and a price war ended in spring when Moscow withdrew from the agreement and Saudi Arabia, in response, sharply increased its oil exports. At the same time, the progressing COVID-19 pandemic significantly reduced demand for oil, and these two factors led to a real price catastrophe.

Russia rushed to join OPEC+ again but in much tougher conditions, which resulted in an 8.6% decrease in the annual oil output. However, the situation concerning exports is much worse, as the Russian oil industry faces strategic risks of losing its essential markets.

The Cabinet was not lenient to the industry, thinking that in the past few years oil producers accumulated sufficient reserves and even cheated the state, and has failed to invest the money spared on taxes.

The package of fiscal amendments passed in autumn 2020 looked evidently confiscatory. And it was an important element of the concept of new oil that becomes the foundation of the current state policy on the oil industry. It means that old fields are declared unpromising, and the stake is made on greenfields that should create new jobs and demand for products of relative industries. However, the state avoids thinking about the real costs of the production of hydrocarbons at new projects.

Before the oil industry, the breakthrough project was the production of LNG in the Arctic. And in 2020 it became evident that Russian liquefied natural gas, practically not contributing to state budget revenues, competed with Russian piped gas supplies on the European market. In the meantime, despite the tough sanctions war, Russia keeps laying new gas pipelines to Europe. All these factors question the expediency of the energy policy of Russia.

Meanwhile, voices of lobbyists of the green agenda sound more and more energetically, as they suggest radically restructuring our energy sector. And this is another challenge to the Russian oil and gas industry.

The NESF report wrapping up 2020 elaborates on the following questions:

• Will Russia withdraw from the OPEC+ deal?
• How did the OPEC+ deal influence the autumn reshuffle in the government?
• What is the new system of state regulation of the oil and gas sector?
• How did Russian companies fulfill oil output?
• Did the government support the oil services business?
• Will we manage to develop offshore and tight reserves amid sanctions?
• Will the state continue to subsidize LNG production?
• Why does Rosneft aggressively promote its Vostok Oil project?
• How did Rosneft cease being a state company?
• How did the Cabinet explain autumn changes in taxation of oil companies?
• What risks does the green policy pose to Russian oil and gas companies and what Putin thinks about the energy transition?

Key Topics Covered:

INTRODUCTION

CHAPTER 1. LOOKING FOR NEW OIL. THE STATE RELIES ON TERMINATION OF OLD PROJECTS IN FAVOR OF NEW OIL VENTURES

1.1. COVID-19, collapsing prices and a new OPEC+ deal: the perfect storm for the Russian oil production industry

1.2. Observance of output reduction by companies

1.3. Influence of OPEC+ deal on fiscal changes in the Russian oil industry

CHAPTER 2. WHAT SHOULD OIL PRODUCERS ECONOMIZE ON: CAN PRODUCTION COSTS DROP LOWER?

CHAPTER 3. RESTRUCTURING THE STATE SYSTEM OF FES REGULATION

3.1. Bureaucratic rollercoaster of A. Novak and new Minister of Energy

3.2. General logic of government update and its influence on the oil and gas sector

CHAPTER 4. THE STATE KEEPS SUPPORTING LNG PRODUCTION

CHAPTER 5. THE ARCTIC AS AN EXAMPLE OF STATE CHOICE IN FAVOR OF NEW OIL

CHAPTER 6. PRODUCTION AND EXPORTS OF RUSSIAN HYDROCARBONS AMID NEW AND OLD SANCTIONS

6.1 In spite of sanctions: revival of the shelf

6.2. Will Bazhenov formations have a second chance?

6.3. Nord Stream 2: the main sanctions story of the year

CHAPTER 7. DISPUTES ABOUT ENERGY TRANSITION. THE GREEN AGENDA IN RUSSIA AND ITS PRESSURE ON HYDROCARBONS

7.1. Two camps of the climate agenda, Putin's position

7.2. Actions of climate regulators in 2020

7.3. Fascination with renewables and hydrogen

DEVELOPMENT OUTLOOK

For more information about this report visit https://www.researchandmarkets.com/r/e3tywf

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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WESTMINSTER, Colo.--(BUSINESS WIRE)--Pine Run Gathering LLC (“Pine Run Gathering”) announced today that it has completed a transaction to acquire Pine Run Midstream, LLC (“Pine Run Midstream”) from an affiliate of PennEnergy Resources, LLC (“PennEnergy”) and minority partners for $205 million. Pine Run Gathering is a joint venture owned by a subsidiary of Stonehenge Energy Resources III, LLC (“Stonehenge III”), a portfolio company of Energy Spectrum Partners VIII LP, and by a subsidiary of UGI Energy Services, LLC (“UGIES”), which is a subsidiary of UGI Corporation (NYSE: UGI).

PennEnergy, a Pittsburgh-based independent oil and gas company, is a leading Appalachian based producer and anchor customer on the Pine Run system. Stonehenge III is the third partnership between Energy Spectrum Capital and Stonehenge Energy Resources (“Stonehenge”) management. The transaction will be financed with equity capital from both Stonehenge III (51%) and UGIES (49%) as well as a senior secured loan credit facility.

Pine Run Midstream operates 43-miles of dry gas gathering pipeline and compression assets located in Butler and Armstrong counties in western Pennsylvania. The Pine Run Midstream system has been in operation since 2014 and will be operated by Stonehenge. Stonehenge and UGI expect the investment to be immediately accretive to earnings.

Pine Run Gathering is Stonehenge’s fourth venture in the Appalachian basin. “Stonehenge is pleased to add the Pine Run Midstream system to our operations in western Pennsylvania and views the strategic partnership with UGIES as a beneficial step to providing area producers with cost-effective, customer-focused services,” said Patrick Redalen, CEO of Stonehenge. “The Pine Run Midstream system is a high-quality asset that has been well managed and operated by the PennEnergy team. We are very pleased to have the chance to expand our relationship with Rich, Greg and the entire team at PennEnergy.”

This is the second recent investment in Appalachian basin natural gas gathering systems by UGIES as it continues to invest in assets well positioned in highly productive areas of the Marcellus Shale. UGIES will add its ownership stake in Pine Run Gathering to UGI Appalachia, LLC, which operates gathering assets in Pennsylvania, Ohio and West Virginia. “We are very pleased to announce this investment, which complements our existing portfolio of midstream assets,” said Robert F. Beard, Executive Vice President – Natural Gas, UGI. “Adding our stake in Pine Run Gathering to UGI Appalachia enhances and expands our footprint in western Pennsylvania and is consistent with the strategy outlined when we announced our acquisition of Columbia Midstream Group in 2019. Pine Run Midstream has direct connectivity to UGI’s Big Pine Pipeline, which is one of the assets acquired as part of the Columbia Midstream deal, and is well positioned to capture additional production nearby. Importantly, expansion of our natural gas portfolio enables us to provide low-cost, environmentally responsible energy to more consumers.”

Joseph L. Hartz, President of UGIES, stated, “Pine Run Gathering is a great addition to our portfolio. It is well run and has a strong operations team in place that fits nicely with our midstream business.” Hartz added, “This asset will accelerate the growth of our existing western Pennsylvania natural gas gathering business and is a great strategic fit for UGIES.”

In connection with the transaction, Baker Botts L.L.P. served as legal counsel for Pine Run Gathering and Winston & Strawn LLP served as legal counsel for PennEnergy.

Tudor, Pickering, Holt & Co. served as financial advisor for PennEnergy.

About Stonehenge

Headquartered in Westminster, CO and backed by Energy Spectrum Capital, Stonehenge Energy Resources is a private energy company focused on building, owning and operating midstream facilities in the Appalachian basin to support its producer-partners in the optimum development of their resources. Formed in 2007, Stonehenge supported the early Appalachian unconventional shale gas development by gathering and processing NGL-rich gas in Butler County, Pennsylvania. Stonehenge currently operates two natural gas gathering systems in Butler, Clarion and Armstrong Counties, Pennsylvania. For more information about Stonehenge, visit www.stonehengeenergy.com.

About UGI Corporation

UGI Corporation is a distributor and marketer of energy products and services. Through subsidiaries, UGI operates natural gas and electric utilities in Pennsylvania, distributes LPG both domestically (through AmeriGas) and internationally (through UGI International), manages midstream energy assets in Pennsylvania, Ohio and West Virginia and electric generation assets in Pennsylvania, and engages in energy marketing, including renewable natural gas, in twelve states and the District of Columbia and internationally in France, Belgium, the Netherlands and the UK.

Comprehensive information about UGI Corporation is available on the Internet at https://www.ugicorp.com.

About Energy Spectrum Capital

Founded in 1995, Energy Spectrum Capital is a Dallas, Texas-based venture capital firm that makes direct investments in well-managed, lower-middle-market companies that acquire, develop and operate energy infrastructure assets in North America. Since inception, Energy Spectrum has raised more than $4.5 billion of equity capital across eight funds. For more information, please visit www.energyspectrum.com.

STONEHENGE MEDIA CONTACT
Pat Redalen
Chief Executive Officer
(303) 829-6221
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UGI MEDIA CONTACT
610-337-1000
Tameka Morris, ext. 6297
Arnab Mukherjee, ext. 7498

BOSTON--(BUSINESS WIRE)--Arthur D. Little (ADL) today announced that Chuck Goodnight has been appointed as a Partner in the US, where he will lead the US Nuclear Energy team as part of the company’s Energy & Utilities Practice. The appointment builds on ADL’s global reputation as a leading consultancy in the Energy sector.

Chuck’s career spans 35 years, and he has built a reputation as an internationally recognized expert in energy and utilities. His work has crossed through North America, Europe, Africa, and the Middle East, as he engaged with executives at Fortune 500 companies, institutional organizations, and international governments. Prior to joining ADL, Chuck founded Goodnight Consulting in 2001 and served as president of the US-based management consultancy for two decades. Originally focused on the electric power industry, the firm expanded over time into the international nuclear industry, and then into the broader energy and utilities sector.

“Chuck joins ADL at an exciting time of growth for the company and innovation in the energy and utilities industry,” said Craig Wylie, Managing Partner of Arthur D. Little's US office. “He also brings his network of external advisors to his role at ADL, which aligns perfectly with our open consulting model. Chuck’s extensive experience in nuclear energy generation, his great leadership, and his entrepreneurial spirit combine to create a great addition to the firm.”

“For today’s leaders, energy continues to be at the top of the agenda. The US energy market is one of the largest markets in the world and has multiple challenges arising from the energy transition, the evolution of decentralized energy systems, and the convergence of storage and infrastructure advances,” added Chuck Goodnight, Partner at ADL. “I believe that with my niche industry experience, I will be able to bolster ADL’s offerings as we work towards a common goal of creating innovative and practical solutions for our clients.”

Chuck is an active member of the American Nuclear Society. He holds a Bachelor of Science degree in government and politics, and a Master’s in computer systems management from the University of Maryland.

This news follows on the recent appointment of Jim Miller as a new partner and head of ADL’s Travel & Transportation practice in the U.S.

Further information from:
Alex DeBlois
Longview Strategies
978.225.9253
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DALLAS--(BUSINESS WIRE)--Pioneer Natural Resources Company (NYSE:PXD) ("Pioneer" or "the Company") today announced that the Company is rescheduling its fourth quarter 2020 earnings release and conference call. The earnings release is now scheduled to be issued after the close of trading on the New York Stock Exchange on Tuesday, February 23, 2021. The conference call to discuss the fourth quarter results and 2021 outlook is now scheduled for Wednesday, February 24, 2021, at 9:00 a.m. Central Time.

The earnings release and conference call have been rescheduled due to impacts from the harsh winter weather occurring across the State of Texas. Pioneer’s first priority is the safety and wellbeing of its employees in the Permian Basin and in Dallas. With temperatures expected to remain below freezing throughout this week, rolling power outages and winter weather conditions are impacting our employees, operations and office facilities. Rescheduling the release and conference call allows time for our employees to safely return to work and to properly assess the impacts of the extreme weather on field operations.

Instructions on how to listen to the call and view the accompanying presentation are shown below.

Internet: www.pxd.com
Select “Investors” then “Earnings & Webcasts” to listen to the discussion and view the presentation.

Telephone: Dial (800) 458-4121 confirmation code 7134307 five minutes before the call. View the presentation via Pioneer’s internet address above.

A replay of the webcast will be archived on Pioneer’s website. Alternatively, an audio replay will be available through March 22, 2021. To register and access the replay, click here and enter confirmation code 7134307.

Pioneer is a large independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations in the United States. For more information, visit www.pxd.com.

Pioneer Natural Resources Company Contacts:
Investors
Neal Shah - 972-969-3900
Tom Fitter - 972-969-1821
Michael McNamara - 972-969-3592
Greg Wright - 972-969-1770

Media and Public Affairs
Tadd Owens - 972-969-5760

Customer focused technology creates sustainability and savings

CHANDLER, Ariz.--(BUSINESS WIRE)--#smart--Elevation Home Energy Solutions (EHES), formerly Elevation Solar, today announced the company’s new name along with an expanded customer focus and internal development of talent and technology. The new name aligns closely with the company’s mission of “Elevating the Home Energy Experience™” for residential customers, and with its expanded focus on providing innovative, foundational technology for a new energy economy focused on enhancing opportunities for customers with energy efficiency and using clean, reliable energy.

EHES will continue the commitment established by Elevation Solar to make switching to solar simple, and will carry its customer-centric approach to new services for utility and enterprise clients. This expanded scope allows the company to contribute solutions to help address the urgent issue of climate change by applying its integrated energy solutions on a broader scale.

“This shift represents the company’s evolution from a leading residential solar provider to a broad energy solutions provider that is addressing the diverse needs of utilities, enterprises and institutional property owners and operators,” said Greg Fasullo, CEO of Elevation Home Energy Solutions.

Impacts to large-scale enterprises, such as single-family residential operators, have the potential to be particularly significant. Elevation’s technology solutions will allow operators to realize significant savings by lowering energy costs across the board, while offering residents more control over energy use. As an added benefit, the EHES platform will help partners meet or exceed their environmental and sustainability objectives.

Additionally, the company announced that Erik Norwood has been promoted to Chief Technology Officer and Clayton Andersen has been appointed as President of the Solutions division. Norwood brings over a decade of experience as a former solar executive and Boeing rocket scientist, with a reputation for building products that push the boundaries of technology and successfully bringing them to market. Andersen has deep financial expertise and has served in leadership roles at Elevation since 2015, working to create innovative paths for clean energy development that will benefit customers, utilities, and the environment.

“Elevation will give customers more control over their energy use, and help our utility partners make the grid more responsive and resilient while embracing clean energy technologies to reduce their overall carbon footprint. Erik and Clayton have the experience and talent to translate our vision for the future into reality. I am inspired every day by our mission and our stellar team,” said Fasullo.

About Elevation Home Energy Solutions: Headquartered in Arizona, EHES is a fully integrated residential energy solutions company providing solar, energy efficiency and smart energy management technology to customers across multiple states in the Southwest and beyond. Their aim is to help individuals reduce occupancy costs and increase value in their homes through solar ownership and energy management improvements and technology. A 2019 and 2020 Contractor of the Year award recipient by the U.S. Department of Energy, EHES has served thousands of homeowners looking to make their homes more efficient and comfortable.

Megan Schmitz
Horizon Strategies
602-598-1524
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Company leadership commends Mr. Giudice for his contributions to FirstLight and offers congratulations on his new role as Special Assistant to the President for Climate Policy

BURLINGTON, Mass.--(BUSINESS WIRE)--FirstLight Power, a leading clean power producer and energy storage company, today announced that the company has elected Stephan Rupert as Chair of its Board of Directors. This follows the departure of the company’s previous board chair Phil Giudice, who is joining the Biden-Harris Administration as Special Assistant to the President for Climate Policy.

“We wish Phil great success as he brings his talent and expertise to advance the nation’s climate and clean energy leadership,” said Alicia Barton, CEO of FirstLight. “Given the Commonwealth’s recent goal of net-zero emissions by 2050 and the similar aggressive goals the Biden-Harris administration are seeking to advance, FirstLight is ideally positioned to accelerate these efforts by leveraging our vast portfolio of clean energy generation. We are fortunate to have a strong Board of Directors, and Stephan will provide immediate leadership as our new Board Chair during this critical time for the company. We are well positioned to play a pivotal role in the region’s transition to a decarbonized energy future through our array of regional, clean energy assets including pumped-hydro storage, battery storage, hydroelectric generation, and solar generation.”

Mr. Giudice will bring over four decades of experience and leadership in the clean energy and climate sector to the newly created domestic climate policy team led by Administrator Gina McCarthy. Mr. Giudice served as Massachusetts Undersecretary of Energy and Commissioner of Energy Resources. He was also founding Board Member, Treasurer and Vice Chair for the Regional Greenhouse Gas Initiative (RGGI), board chair of the National Association of State Energy Officials as well as a member of the DOE’s State Energy Advisory Board, Energy Efficiency and Renewables Advisory Committee and EPA/DOE’s State Energy Efficiency Action Network. He has led numerous successful energy innovation startups and served as a Board Member for several regional clean energy associations and non-profit organizations.

“We congratulate Phil on his new role as Special Assistant to the President, and to thank him for his invaluable contributions to FirstLight. As a long-time clean energy entrepreneur, executive and former state official, Phil will bring immense experience to the national stage and it heartens me to know that President Biden’s administration is tapping leaders with Phil’s passion, skills and expertise to play a leading role accelerating our nation’s path to a clean energy future,” said Mr. Rupert. “PSP is proud to sponsor FirstLight as part of its commitment to help shape a future defined by more sustainable and inclusive economic growth. I am honored to chair FirstLight’s Board at this exciting moment for our company.”

Mr. Rupert, who has over 20 years of experience in international mergers and acquisitions, asset management and operation, first joined FirstLight’s Board in 2016. He currently serves as Managing Director, Infrastructure Investments, at the Public Sector Pension Investment Board (PSP Investments) where he oversees capital investment and asset management for the Americas.

ABOUT FIRSTLIGHT POWER

FirstLight Power (FirstLight) is a leading clean power producer and energy storage company in New England with a portfolio that includes nearly 1,400 megawatts of pumped-hydro storage, battery storage, hydroelectric generation, and solar generation – the largest clean energy generation portfolio in New England today. Based in Burlington, MA, with operating offices in Northfield, MA and New Milford, CT, FirstLight provides stewardship of and recreational access to 14,000 acres of land and waters along the Connecticut, Housatonic, Shetucket, Still, and Quinebaug Rivers. To learn more, visit www.firstlightpower.com.

Len Greene, Director of Government Affairs & Communications
Office: 413-659-4426, Cell: 860-795-4310

Travis Small, Slowey McManus Communications
Cell: 617-538-9041, Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

KILGORE, Texas--(BUSINESS WIRE)--Martin Midstream Partners L.P. (NASDAQ: MMLP) (the “Partnership”) announced today it has rescheduled its upcoming earnings release and conference call due to impacts of the severe winter storm. The Partnership will announce its fourth quarter and full-year 2020 financial results, along with 2021 guidance after close of market on Monday, February 22, 2021, and will host a conference call the following day.

Date: Tuesday, February 23, 2021

Time: 8:00 a.m. CT (please dial in by 7:55 a.m.)

Dial In #: (833) 900-2251

Conference ID: 9494038

Replay Dial In # (800) 585-8367 – Conference ID: 9494038

Webcast: Fourth Quarter 2020 Earnings Conference Call

During the conference call, management will discuss certain non-generally accepted accounting principle financial measures for which reconciliations to the most directly comparable GAAP financial measures will be provided in Martin Midstream Partners’ announcement concerning its financial results for the quarter and full-year ended December 31, 2020, along with an archive of the replay. Each will be available on the investor relations page of Martin Midstream Partners’ website.

About Martin Midstream Partners

Martin Midstream Partners L.P., headquartered in Kilgore, Texas, is a publicly traded limited partnership with a diverse set of operations focused primarily in the United States Gulf Coast region. The Partnership's primary business lines include: (1) terminalling, processing, storage, and packaging services for petroleum products and by-products; (2) land and marine transportation services for petroleum products and by-products, chemicals, and specialty products; (3) sulfur and sulfur-based products processing, manufacturing, marketing and distribution; and (4) natural gas liquids marketing, distribution, and transportation services. To learn more, visit www.MMLP.com. Follow Martin Midstream Partners L.P. on LinkedIn and Facebook.

Forward-Looking Statements

Statements about the Partnership’s outlook and all other statements in this release other than historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements and all references to financial estimates rely on a number of assumptions concerning future events and are subject to a number of uncertainties, including (i) the current and potential impacts of the COVID-19 pandemic generally, on an industry-specific basis, and on the Partnership’s specific operations and business, (ii) the effects of the continued volatility of commodity prices and the related macroeconomic and political environment, and (iii) other factors, many of which are outside its control, which could cause actual results to differ materially from such statements. While the Partnership believes that the assumptions concerning future events are reasonable, it cautions that there are inherent difficulties in anticipating or predicting certain important factors. A discussion of these factors, including risks and uncertainties, is set forth in the Partnership’s annual and quarterly reports filed from time to time with the Securities and Exchange Commission (the “SEC”). The Partnership disclaims any intention or obligation to revise any forward-looking statements, including financial estimates, whether as a result of new information, future events, or otherwise except where required to do so by law.

The information in the Partnership’s website is not, and shall not be deemed to be, a part of this notice or incorporated in filings the Partnership makes with the SEC.

MMLP-F

Sharon Taylor
Chief Financial Officer
(877) 256-6644
This email address is being protected from spambots. You need JavaScript enabled to view it.