PARIS--(BUSINESS WIRE)--Regulatory News:
Technip Energies (PARIS:TE) (ISIN:NL0014559478) through its wholly owned subsidiary in the UK (Technip E&C Limited) has been awarded a significant(1) contract for Project Engineering and Management Services (PEMS) by Kuwait Integrated Petroleum Industries Company (KIPIC) for various projects in southern Kuwait.
The contract is for six (6) years duration and covers Project Engineering and Management Services for various potential projects in the Al-Zour complex, including the Al-Zour Refinery, Petrochemical Complex, LNG Import Facilities and other facilities belonging to KIPIC.
Stephane Mespoulhes, Vice President of Project Management Consultancy at Technip Energies commented: “We are pleased to have been awarded this contract by KIPIC which confirms our long-standing presence as an established contractor in Kuwait. This award demonstrates our leading position in Project Management Consultancy activities and confirms the ramp-up of our Technology, Products and Services business segment.”
KIPIC is responsible for operating and managing the largest grassroot integrated complex for refining, petrochemicals manufacture businesses and liquefied natural gas import facilities at Al-Zour complex.
(1) For Technip Energies, a “significant” contract is between €50 million and €250 million.
To know more about Technip Energies PMC services track-record:
Our PMC experts have carried out some of the world’s most challenging onshore and offshore projects such as the RAPID refinery and petrochemical development project in Malaysia; a multiple project for the construction and upgrading of oil production and export facilities in Kuwait; the NASR full field development in UAE; and the Trans Adriatic Pipeline (TAP) in Italy, Albania and Greece.
Learn more at: https://www.technipenergies.com/offering/project-management-consultancy
About Technip Energies
Technip Energies is a leading Engineering & Technology company for the energy transition, with leadership positions in Liquefied Natural Gas (LNG), hydrogen and ethylene as well as growing market positions in blue and green hydrogen, sustainable chemistry and CO2 management. The company benefits from its robust project delivery model supported by extensive technology, products and services offering.
Operating in 34 countries, our 15,000 people are fully committed to bringing our client’s innovative projects to life, breaking boundaries to accelerate the energy transition for a better tomorrow.
Technip Energies is listed on Euronext Paris with American depositary receipts (“ADRs”) trading over-the-counter in the United States. For further information: www.technipenergies.com.
Disclaimers
This release is intended for informational purposes only for the shareholders of Technip Energies. This press release is not intended for distribution in jurisdictions that require prior regulatory review and authorization to distribute a press release of this nature.
Important Information for Investors and Securityholders
Forward-Looking Statement
This release contains “forward-looking statements” as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements usually relate to future events and anticipated revenues, earnings, cash flows or other aspects of Technip Energies’ operations or operating results. Forward-looking statements are often identified by the words “believe,” “expect,” “anticipate,” “plan,” “intend,” “foresee,” “should,” “would,” “could,” “may,” “estimate,” “outlook,” and similar expressions, including the negative thereof. The absence of these words, however, does not mean that the statements are not forward-looking. These forward-looking statements are based on Technip Energies’ current expectations, beliefs and assumptions concerning future developments and business conditions and their potential effect on Technip Energies. While Technip Energies believes that these forward-looking
statements are reasonable as and when made, there can be no assurance that future developments affecting Technip Energies will be those that Technip Energies anticipates.
All of Technip Energies’ forward-looking statements involve risks and uncertainties (some of which are significant or beyond Technip Energies’ control) and assumptions that could cause actual results to differ materially from Technip Energies’ historical experience and Technip Energies’ present expectations or projections. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those set forth in the forward-looking statements.
For information regarding known material factors that could cause actual results to differ from projected results, please see Technip Energies’ risk factors set forth in Technip Energies’ filings with the U.S. Securities and Exchange Commission, which include amendment no. 4 to Technip Energies’ registration statement on Form F-1 filed on February 11, 2021.
Forward-looking statements involve inherent risks and uncertainties and speak only as of the date they are made. Technip Energies undertakes no duty to and will not necessarily update any of the forward-looking statements in light of new information or future events, except to the extent required by applicable law.
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Navis World 2021 will Take Place at the Palace Hotel in San Francisco on November 1-4, 2021
OAKLAND, Calif.--(BUSINESS WIRE)--Navis, a part of Cargotec Corporation, and the provider of operational technologies and services that unlock greater performance and efficiency for the world’s leading organizations across the cargo supply chain, announced today that its 13th Biennial Event will take place on November 1 - 4, 2021 at The Palace Hotel in San Francisco. Following the announcement that Navis will be acquired by leading technology investment firm Accel-KKR, Navis World will continue to be a hallmark event to showcase industry technology trends and Navis’ strategy and vision for the future. The event will also demonstrate how customers are using mission critical technology and software that supports marine, inland, intermodal and rail operators, vessel owners and carrier customers, to manage the global supply chain.
Navis World 2021 will bring together industry movers and shakers from around the world for informative sessions, demos and networking events around its central theme of navigating change across the supply chain. The three-day, invitation only event will provide insights on industry trends, operational best practices, and will demonstrate its cutting-edge solutions to help companies navigate the changing logistics landscape and strengthen operations. Additionally, attendees will gain valuable insights on cloud operations, digitization and automation, artificial intelligence and machine learning, opportunities for greater visibility and control across the supply chain. Attendees will also hear from logistics leaders about how they have navigated the demands of the pandemic to continue to thrive in the most challenging of circumstances.
“This has been an unprecedented year for the global logistics industry. At Navis, we have always strived to be a key partner to our customers to keep their operations moving efficiently with the latest technology whatever challenges they face. We are proud that we were able to work closely with our customers over the past year to reach their operational goals and keep cargo flowing,” said Benoit de la Tour, President, Navis. “We have missed meeting with our customers during the pandemic and are looking forward to bringing industry leaders from around the world together in a healthy and safe environment to discuss how we can continue to drive smart operations that meet the challenges of the future.”
Navis World 2021 will once again host the Navis Inspire Awards, designed to recognize and celebrate excellence across the ocean supply chain and showcase Navis customers that are driving change in the industry.
For more information on Navis World visit here.
About Navis, LLC
Navis, a part of Cargotec Corporation, is a provider of operational technologies and services that unlock greater performance and efficiency for the world’s leading organizations across the cargo supply chain. Navis combines industry best practices with innovative technology and world-class services, to enable our customers, regardless of cargo type, to maximize performance and reduce risk. Through its holistic approach to operational optimization, Navis customers benefit from improved visibility, velocity and measurable business results. Whether tracking cargo through a terminal, improving vessel safety and cargo capacity, optimizing rail network planning and asset utilization, automating equipment operations, or managing multiple terminals through an integrated, centralized solution, Navis helps all customers streamline operations. www.navis.com
About Cargotec Corporation
Cargotec (Nasdaq Helsinki: CGCBV) enables smarter cargo flow for a better everyday with its leading cargo handling solutions and services. Cargotec's business areas Kalmar, Hiab and MacGregor are pioneers in their fields. Through their unique position in ports, at sea and on roads, they optimise global cargo flows and create sustainable customer value. Cargotec has signed United Nations Global Compact’s Business Ambition for 1.5°C. The company’s sales in 2020 totalled approximately EUR 3.3 billion and it employs around 11,500 people. www.cargotec.com
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DUBLIN--(BUSINESS WIRE)--The "Iraq Projects, H1 2021 - Outlook for Major Projects in Iraq - MEED Insights" report has been added to ResearchAndMarkets.com's offering.
With vast oil and gas reserves, a large, well-educated workforce, and about $376bn of major projects planned or underway, there is no doubting the huge potential of the Iraq market for anybody looking for new project opportunities in the Middle East.
The reality however is that the country's vast potential has been undermined for decades by war, insurrection and sanctions - leaving it to face major political, economic and capacity challenges.
An improvement in Iraq's security situation in 2018 following its "liberation" from the Islamic State in Iraq and Syria (Isis) in December 2017, combined with an improving economic outlook, gave Iraqis hope that perhaps they could look forward to a period of stability during which they could start rebuilding their country.
But the joint issues of COVID-19 and falling oil prices have created a fiscal crisis as the government struggles to meet its financial commitments. Projects have had to be delayed as Baghdad prioritises social expenditure. At the same time, crude prices around 50-60 a barrel and OPEC quotas on production have meant that the Oil Ministry has asked the various international oil companies to slow down project expenditure and pare back output, further limiting the projects market.
Like elsewhere in the region, falling state revenues have placed a greater emphasis on bringing greater private sector participation in the projects market either through public-private-partnerships (PPPs) or attracting direct foreign investment in projects.
However, the political and security situation and lack of regulations make the successful implementation of PPP projects extremely challenging no matter what the support. Instead, the projects that are more likely to proceed are those which have funding support from international development banks and funds. Recent successful major projects like the Basra refinery upgrade project are examples where direct foreign funding can provide a way forward for much needed infrastructure development in the country.
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For more information about this report visit https://www.researchandmarkets.com/r/wvyt78
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DUBLIN--(BUSINESS WIRE)--The "Global Liquefied Petroleum Gas (LPG) Cylinder Market 2021-2025" report has been added to ResearchAndMarkets.com's offering.
The publisher has been monitoring the liquefied petroleum gas (LPG) cylinder market and it is poised to grow by $407.60 million during 2020-2024, progressing at a CAGR of 4% during the forecast period.
The report on liquefied petroleum gas (LPG) cylinder market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing use of LPG in many applications and lack of infrastructure for the transportation of piped natural gas.
The liquefied petroleum gas (LPG) cylinder market analysis includes type segment and geographical landscapes. This study identifies rising subsidies offered by governments to promote LPG use as one of the prime reasons driving the liquefied petroleum gas (LPG) cylinder market growth during the next few years.
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The report on liquefied petroleum gas (LPG) cylinder market covers the following areas:
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.
Key Topics Covered:
1. Executive Summary
2. Market Landscape
3. Market Sizing
4. Five Forces Analysis
5. Market Segmentation by Type
6. Customer Landscape
7. Geographic Landscape
8. Vendor Landscape
9. Vendor Analysis
10. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/opu0co
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Nanosatellite-based solutions can have a direct, positive impact on climate change, sustainability, and high impact verticals in numerous industries
BOULDER, Colo.--(BUSINESS WIRE)--#agricultureyields--A new report from Guidehouse Insights examines nanosatellite technology and discusses the ways in which it can benefit energy-intensive industries, providing recommendations for collaboration among various public and private stakeholders.
Nanosatellite constellations are being deployed and have great potential to help energy industry participants such as utilities, oil & gas (O&G) producers, and mining operators reduce their carbon footprint. Energy-intensive industries such as shipping, aviation, and agriculture can also benefit by using the inexpensive, high resolution, high frequency satellite images to improve route and fuel efficiency, improve crop yields, and reduce negative climate impact. According to a new report from Guidehouse Insights, companies can leverage available nanosatellite imaging and data for the development of critical sustainability applications.
“Small satellites, which include microsatellites, minisatellites, and picosatellites, can be built and launched in a very short amount of time and for a fraction of the cost compared to the larger prior generation of satellites,” says Richelle Elberg, principal research analyst with Guidehouse Insights. “Where large legacy satellites could take years to deploy, nanosatellites can be developed and launched in less than a year.”
The report explains that nanosatellites provide an affordable but invaluable source of Earth observation data with which energy and high climate impact concerns can achieve sustainability goals, prevent disasters, and mitigate future environmental destruction. They also support sustainability efforts for energy providers and high climate impact verticals by predicting the weather, and can monitor the effects of climate change, improve natural resource management, aid in ocean and inland water management, and optimize agriculture yields.
The report, Nanosatellites Help Carbon-Intensive Industries Meet Sustainability Goals, addresses market drivers, barriers, and trends for each application, including case studies and emerging business opportunities. An executive summary of the report is available for free download on the Guidehouse Insights website.
About Guidehouse Insights
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today’s rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.
About Guidehouse
Guidehouse is a leading global provider of consulting services to the public and commercial markets with broad capabilities in management, technology, and risk consulting. We help clients address their toughest challenges and navigate significant regulatory pressures with a focus on transformational change, business resiliency, and technology-driven innovation. Across a range of advisory, consulting, outsourcing, and digital services, we create scalable, innovative solutions that prepare our clients for future growth and success. The company has more than 8,000 professionals in over 50 locations globally. Guidehouse is a Veritas Capital portfolio company, led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets, and agenda-setting issues driving national and global economies. For more information, please visit: www.guidehouse.com.
* The information contained in this press release concerning the report, Nanosatellites Help Carbon-Intensive Industries Meet Sustainability Goals, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.
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DENVER--(BUSINESS WIRE)--Liberty Oilfield Services Inc. (NYSE: LBRT) announced today that the company will host Dr. Steven Koonin, the author of Unsettled: What Climate Science Tells Us, What It Doesn't, and Why It Matters as featured lunchtime guest at their Investor Day in Denver, Colorado, on Thursday, June 17, 2021. Liberty Chief Executive Officer, Chris Wright, will moderate as Dr. Koonin shares his perspective on the science of climate change, providing a real world view on how outsized climate change mitigation efforts disproportionately impact the world’s most vulnerable populations by limiting energy access. Liberty’s goal with hosting Dr. Koonin as our featured guest is to put the three global energy challenges in context: energy poverty; access to reliable, affordable, clean energy; and climate change.
“Progress in the human condition was enabled by the surge in plentiful, affordable energy throughout history, and today, the oil and gas industry is a core contributor of clean low cost energy. Liberty is proud to be a part of the solution, enhancing our communities and the world by helping our customers efficiently produce cleaner oil and gas resources,” commented Mr. Wright. “We are pleased to have Dr. Koonin join us at our Investor Day, providing context on why we are so passionate about the work we do. We are proud of our role in helping our customers responsibly deliver reliable and affordable energy to the world.”
Dr. Koonin is a leader in science policy in the United States, previously serving as the second Under Secretary for Science at the U.S. Department of Energy in the Obama administration. Prior to that, Dr. Koonin spent five years as Chief Scientist for BP plc, where he played a central role in establishing the Energy Biosciences Institute. Dr. Koonin was a professor of theoretical physics at California Institute of Technology (Caltech) and served as the Institute’s Provost during his tenure. He is currently a University Professor at New York University. Dr. Koonin holds a B.S. in Physics from Caltech and a Ph.D. in Theoretical Physics from the Massachusetts Institute of Technology.
About Liberty
Liberty is a leading North American oilfield services firm that offers one of the most innovative suites of completion services and technologies to onshore oil and natural gas exploration and production companies. Liberty was founded in 2011 with a relentless focus on developing and delivering next generation technology for the sustainable development of unconventional energy resources in partnership with our customers. Liberty is headquartered in Denver, Colorado. For more information about Liberty, please contact Investor Relations at This email address is being protected from spambots. You need JavaScript enabled to view it..
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Chief Financial Officer
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HOUSTON--(BUSINESS WIRE)--$TELL #LNG--Tellurian Inc. (Tellurian) (NASDAQ: TELL) and Gunvor Singapore Pte Ltd (Gunvor) announced today a liquefied natural gas (LNG) sales and purchase agreement (SPA) for three million tonnes per annum (mtpa) for a ten year period, indexed to a combination of two indices; the Japan Korea Marker (JKM) and the Dutch Title Transfer Facility (TTF), netted back for transportation charges. The LNG would be delivered free on board (FOB) from Tellurian’s Driftwood LNG, a 27.6 mtpa liquefaction facility proposed near Lake Charles, Louisiana in the United States Gulf Coast.
President and CEO Octávio Simões said, “Tellurian intends to market up to 10 mtpa of LNG in our first phase on a JKM, TTF or blended price basis, as our integrated model provides the flexibility to offer this valuable product. We welcome Gunvor, the largest independent global trader of LNG volumes, to Driftwood and look forward to providing a cleaner fuel to meet growing global energy needs and enable energy access.”
Executive Vice President LNG Marketing & Trading Tarek Souki added, “Our business model creates significant value for Tellurian; at today’s LNG prices, this agreement represents the equivalent of approximately $12 billion in revenue over the 10-year term of the agreement.”
About Tellurian Inc.
Tellurian intends to create value for shareholders by building a low-cost, global natural gas business, profitably delivering natural gas to customers worldwide. Tellurian is developing a portfolio of natural gas production, LNG marketing and trading, and infrastructure that includes an ~ 27.6 mtpa LNG export facility and an associated pipeline. Tellurian is based in Houston, Texas, and its common stock is listed on the Nasdaq Capital Market under the symbol “TELL”.
For more information, please visit www.tellurianinc.com. Follow us on Twitter at twitter.com/TellurianLNG
About Gunvor
Gunvor is one of the world’s largest independent commodities trading houses by turnover, creating logistics solutions that safely and efficiently move physical energy from where it is sourced and stored to where it is demanded most. The company is the leading independent global trader of Liquefied National Gas (LNG). www.GunvorGroup.com
CAUTIONARY INFORMATION ABOUT FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of U.S. federal securities laws. The words “anticipate,” “assume,” “believe,” “budget,” “estimate,” “expect,” “forecast,” “initial,” “intend,” “may,” “plan,” “potential,” “project,” “proposed,” “should,” “will,” “would,” and similar expressions are intended to identify forward-looking statements. Forward-looking statements herein relate to, among other things, future contracts, revenues and other aspects of Tellurian’s business. These statements involve a number of known and unknown risks, which may cause actual results to differ materially from expectations expressed or implied in the forward-looking statements. These risks include the matters discussed in Item 1A of Part I of the Annual Report on Form 10-K of Tellurian for the fiscal year ended December 31, 2020, and other Tellurian filings with the Securities and Exchange Commission, all of which are incorporated by reference herein. The effectiveness of the agreement described in this press release is subject to, among other things, a final investment decision with respect to the Driftwood Project; and reaching a final investment decision will require Tellurian to obtain significant amounts of additional capital. Estimated revenue from the agreement is based on the current JKM price (as quoted by S&P Platts) and the current TTF price (as quoted on www.theice.com) for the full term of the agreement; actual prices will vary. The agreement may be terminated in certain circumstances prior to the expiration of the 10-year term. The forward-looking statements in this press release speak as of the date of this release. Although Tellurian may from time to time voluntarily update its prior forward-looking statements, it disclaims any commitment to do so except as required by securities laws.
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HOUSTON--(BUSINESS WIRE)--Linde Engineering Americas (LEA) has been selected by the U.S. Department of Energy’s National Energy Technology Laboratory (NETL) to install and test a 200 tons per day CO2 capture large pilot plant at the City Water, Light & Power (CWLP) power plant in Springfield, IL through a funding award made to the Board of Trustees of the University of Illinois (Champaign, IL). The project will be executed in collaboration with BASF, University of Illinois at Urbana Champaign, CWLP and ACS. The successful construction and operation of this plant will provide a means to demonstrate an economically attractive and transformational capture technology.
According to company officials, the project will showcase Linde’s post-combustion CO2 capture technology capabilities jointly developed utilizing BASF’s OASE® blue gas treatment technology.
“We’re excited about this opportunity to feature the CO2 capture technology we’ve developed with BASF,” said Dominic Cianchetti, Senior Vice President, Region Americas. “There are many commercial uses for this technology, and this project will help guide future discussions about the viability of those possibilities.”
DOE’s Office of Fossil Energy and National Energy Technology Laboratory have supported advancement of this CO2 capture technology for many years, according to LEA officials. This large pilot project is a major milestone for the future of carbon capture technology’s commercial viability.
About Linde Engineering Americas
Linde Engineering America (LEA) is a member of the Linde Engineering Division of Linde plc. LEA is a single-source technology, engineering, procurement and construction firm focused on providing innovative solutions to customers. Areas of expertise include hydrogen solutions, air separation, carbon capture, liquefied natural gas (LNG), gas processing, deep cryogenics and fired process equipment. For more information, see Linde Engineering Americas online at www.leamericas.com.
About Linde
Linde is a leading global industrial gases and engineering company with 2020 sales of $27 billion (€24 billion). We live our mission of making our world more productive every day by providing high-quality solutions, technologies and services which are making our customers more successful and helping to sustain and protect our planet.
The company serves a variety of end markets including chemicals & refining, food & beverage, electronics, healthcare, manufacturing, and primary metals. Linde's industrial gases are used in countless applications, from life-saving oxygen for hospitals to high-purity & specialty gases for electronics manufacturing, hydrogen for clean fuels and much more. Linde also delivers state-of-the-art gas processing solutions to support customer expansion, efficiency improvements and emissions reductions. For more information about the company and its products and services, please visit www.linde.com
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Global aerospace components leader wins prime contract to deliver proven ASMs to major U.S. Boeing 737 operator
DAVENPORT, Iowa--(BUSINESS WIRE)--Cobham Mission Systems, the U.S.-based global technology leader in fuel tank inerting systems (FTIS), announced a long-term agreement to provide air separation modules (ASM) for another major U.S. airline operating Boeing 737s (B737). An aircraft’s ASM prevents the build-up of explosive conditions in fuel tanks by generating nitrogen enriched air to help lower the amount of oxygen in the fuel tank. Since its introduction in 2015, Cobham has delivered 885 B737 ASM model NC1211 units which have achieved over 5,000,000 flight hours with no failures, providing our airline partners with substantial savings in ownership and maintenance costs.
“Cobham Mission Systems is delighted to partner with another major US airline,” said Jason Apelquist, SVP business development and strategy. “Our air separation modules are the most reliable in the world, with 2,100 delivered and more than 17,600,000 flight hours on commercial aircraft worldwide. We are proud to contribute to our airline customers’ aircraft operation and maintenance cost reduction efforts through the outstanding performance, reliability and life on-wing Cobham ASMs provide.”
Cobham is a world leader in gas separation and has been developing and delivering fuel tank inerting systems and subsystems for 30 years. With 6,700 systems on commercial (including B737, A320, A321, and B787) and military aircraft, and a total over 52,000,000 flight hours, Cobham holds the unique technical ability to design an optimally sized and configured fuel tank inerting system using Hollow Fiber Membrane technology. Cobham fuel tank inerting systems are designed for both military and commercial applications.
For more information about Cobham Mission Systems’ fuel tank inerting systems for aerospace, visit https://www.cobhammissionsystems.com/nitrogen-inerting/fuel-tank-inerting or contact Mike Donahue, business development manager, Cobham Mission Systems, This email address is being protected from spambots. You need JavaScript enabled to view it. or +1 (563) 508-4303.
About Cobham Mission Systems
As the world’s leading supplier of critical control solutions, Cobham Mission Systems helps customers increase the safety and mission capabilities of personnel and equipment in extreme environments. Proven and trusted solutions include air-to-air refueling, fuel tank inerting, life support, space propulsion, weapons carriage and missile actuation that enable customers to achieve mission success. www.cobhammissionsystems.com
On behalf of Cobham
Joyce Bosc
(301) 717-9529
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AUSTIN, Texas--(BUSINESS WIRE)--Hyliion Holdings Corp. (NYSE: HYLN) (“Hyliion”), a leader in electrified powertrain solutions for Class 8 semi-trucks, today announced positive initial results from a truck loan program launched in conjunction with Portland-based natural gas provider, NW Natural, which featured Hyliion’s Hybrid CNG solution.
As part of the program, Hyliion collaborated with NW Natural to equip a Freightliner Cascadia day cab with their Hybrid compressed natural gas (CNG) solution, a self-charging powertrain that boosts performance by adding up to 120 horsepower to a Class 8 semi-truck–enough power to allow the vehicle to perform more like a diesel truck.
The Hybrid CNG truck was loaned to three Oregon-area fleet operators—Baker Rock Resources, Tillamook County Creamery Association, and Calportland—over a three-week trial period. Each participant reported that the Hyliion Hybrid solution delivered more power, greater sustainability, and improved operating costs.
Thomas Healy, Founder and CEO of Hyliion, said, “Testing our technology in partnership with reputable fleet operators, and under real world conditions, is essential as we strive to meet the needs of our customers as they seek better performing and more sustainable transportation solutions. We were pleased to learn that all three fleet operators deemed Hyliion’s Hybrid truck a compelling solution for their fleets.”
Performance highlights from the truck loan program:
Three test cases:
“Natural gas vehicles are popular in North America and throughout the world because of their significantly lower greenhouse gas emissions, near zero-point source emissions, and the ability to use renewable natural gas instead of diesel,” said Chris Kroeker, NW Natural business development segment manager. “This innovative, try-it-first truck loan program allowed local fleet managers to see if this technology fits with their operations – and Hyliion’s Hybrid solution has proven that it can deliver across the board in the areas of power, sustainability and return on investment.”
About Hyliion
Hyliion’s mission is to reduce the carbon intensity and greenhouse gas (GHG) emissions of Class 8 commercial trucks by being a leading provider of electrified powertrain solutions. Leveraging advanced software algorithms and data analytics capabilities, Hyliion offers fleets an easy, efficient system to decrease fuel and operating expenses while seamlessly integrating with their existing fleet operations. Headquartered in Austin, Texas, Hyliion designs, develops, and sells electrified powertrain solutions that are designed to be installed on most major Class 8 commercial trucks, with the goal of transforming the commercial transportation industry’s environmental impact at scale. For more information, visit www.hyliion.com.
Forward Looking Statements
The information in this press release includes “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 statements, other than statements of present or historical fact included in this press release, regarding Hyliion and its future financial and operational performance, as well as its strategy, future operations, estimated financial position, estimated revenues, and losses, projected costs, prospects, plans and objectives of management are forward looking statements. When used in this press release, including any oral statements made in connection therewith, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, Hyliion expressly disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements herein, to reflect events or circumstances after the date of this press release. Hyliion cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Hyliion. These risks include, but are not limited to, Hyliion’s ability to disrupt the powertrain market, Hyliion’s focus in 2021 and beyond, the effects of Hyliion’s dynamic and proprietary solutions on its commercial truck customers, accelerated commercialization of the Hypertruck ERX, the ability to meet 2021 and future product milestones, the impact of COVID-19 on long-term objectives, the ability to reduce carbon intensity and greenhouse gas emissions and the other risks and uncertainties set forth in “Risk Factors” section of Hyliion’s annual report on Form 10-K/A filed with the Securities and Exchange Commission (the “SEC”) on May 17, 2021 for the year ended December 31, 2020. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Should one or more of the risks or uncertainties described in this press release occur, or should underlying assumptions prove incorrect, actual results and plans could different materially from those expressed in any forward-looking statements. Additional information concerning these and other factors that may impact Hyliion’s operations and projections can be found in its filings with the SEC. Hyliion’s SEC Filings are available publicly on the SEC’s website at www.sec.gov, and readers are urged to carefully review and consider the various disclosures made in such filings.
Hyliion Holdings Corp.
Ryann Malone
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Louis Baltimore
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New 8.2mm Creepage IGBT Drivers and IPM Driver Reduce PCB Mounting Area by 35 Percent to Maximize Board Space
TOKYO--(BUSINESS WIRE)--#IBM--Renesas Electronics Corporation (TSE:6723), a premier supplier of advanced semiconductor solutions, today expanded its family of 8.2mm creepage photocouplers with three new devices designed for operation in harsh industrial automation equipment, solar inverter, and EV charger operating environments. Measuring a mere 2.5mm x 2.1mm in an LSSO5 package, the world’s smallest optical isolated IGBT drivers and intelligent power module (IPM) driver reduce PCB mounting areas by up to 35 percent compared with other devices on the market.
“Industrial equipment and green energy system manufacturers are currently facing two core challenges: Equipment needs to get smaller, requiring downsizing for factory floor efficiency and higher functionality equipment within the same board size, while at the same time, safety standards are getting stricter,” said Philip Chesley, Vice President, Industrial and Communications Business Division at Renesas. “Our expanded portfolio of small isolation devices offers customers greater layout flexibility with more options to enable longer secured creepage distance for high-voltage inverter control applications.”
The new RV1S9231A 2.5A output and RV1S9207A 0.6A output IGBT drivers and RV1S9209A active high output IPM driver come in low-profile LSSO5 packages with a 0.65mm pin pitch, deliver 5,000 Vrms isolation voltage, and support high temperature operation up to 125°C to withstand the harsh operating environments. The photocoupler trio also supports 200V and 400V systems with reinforced insulation to meet stringent industrial safety standards, adhering to the strict UL61800-5-1 standards for motor drive equipment.
Renesas has identified and created a system architecture for various applications where the RV1S92xxA family of products adds tangible value in the system. For instance, a new AC Drives / GP Inverters “Winning Combination” featuring the RV1S92xxA family of products enables customers to downsize their industrial equipment and inverter systems that meet UL61800-5-1 standard. Renesas’ Winning Combinations are vetted system architectures made from mutually compatible devices that work together seamlessly. Renesas offers over 200 Winning Combinations for a wide range of applications and end products which can be found at renesas.com/win.
Availability
The RV1S9209A, RV1S9231A, and RV1S9207A photocouplers are available now from Renesas’ worldwide distributors. For more information on the broad optoelectronic portfolio, please visit: renesas.com/photocouplers.
About Renesas Electronics Corporation
Renesas Electronics Corporation (TSE: 6723) delivers trusted embedded design innovation with complete semiconductor solutions that enable billions of connected, intelligent devices to enhance the way people work and live. A global leader in microcontrollers, analog, power, and SoC products, Renesas provides comprehensive solutions for a broad range of automotive, industrial, Infrastructure, and IoT applications that help shape a limitless future. Learn more at renesas.com. Follow us on LinkedIn, Facebook, Twitter, and YouTube.
(Remarks). All names of products or services mentioned in this press release are trademarks or registered trademarks of their respective owners.
Media Contacts:
Americas
Don Parkman
Renesas Electronics Corporation
+ 1-408-887-4308
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CRYSTAL LAKE, Ill.--(BUSINESS WIRE)--AptarGroup, Inc. (NYSE: ATR), a global leader in drug delivery, consumer product dispensing and active material science solutions, today released its 2020 Corporate Sustainability Report. The 2020 Sustainability Report highlights Aptar’s extensive sustainability initiatives that have been implemented across its global operations. As in previous reports, Aptar summarizes several milestones measured and achieved in three key areas of people, planet and product.
In 2020, Aptar was recognized with the prestigious “A” score and named a Supplier Engagement Leader by CDP for actions to cut emissions, mitigate climate risk and further the low-carbon economy. At year-end 2020, 85 percent of Aptar’s global electricity consumption was from renewable energy sources. The report also details Aptar’s community outreach initiatives, safety programs, partnerships and progress on public sustainability commitments. Aptar remains committed to increasing the usage of post-consumer recycled resin (PCR) and researching additional opportunities for more sustainable resins. In 2020, Aptar’s teams furthered the work in this area by expanding our life cycle assessment tools to incorporate recyclability and circularity assessments and developed further knowledge on design for sustainability principles.
Following the commitment to the United Nations Global Compact in 2020, Aptar is publishing its first UN Global Compact Communication on Progress Report alongside the 2020 Corporate Sustainability Report. Within the Communication on Progress, Aptar reaffirms our commitment Global Compact and its Ten Principles while highlighting the progress made in 2020.
“Over the past year, we rose to the challenge of providing the essential dispensing solutions that millions of people rely on every day, while prioritizing the health and safety of our people,” said Stephan B. Tanda, Aptar President and CEO. “We continue to accelerate our drive to further a sustainable, diverse, and inclusive business and a more circular economy. In this 2020 report, we are proud to share the many recent examples of our important sustainability journey.”
The 2020 Sustainability Report is based on the Global Sustainability Reporting (GRI) Standards: Core Options, as released in October 2016. In preparing the report, Aptar obtained limited external assurance for absolute energy metrics, carbon emissions and renewable energy purchases, in accordance to ISO 14064 certification for the management of this carbon accounting. Aptar also responds to the Carbon Disclosure Project (CDP) Investor Climate Change, Supply Chain and Water questionnaires each year.
“We design our products and processes with people and the planet in mind. Our focus on eco-design of products and science-based targets is aligned to that of our partners such as the Ellen MacArthur Foundation, the World Business Council for Sustainable Development and many other organizations who are contributing to a more circular economy,” explained Beth Holland, Vice President, Global Sustainability.
To minimize paper waste, Aptar encourages readers to view the Corporate Sustainability Report digitally on our website under Sustainability Reports.
About Aptar
Aptar is a global leader in the design and manufacturing of a broad range of drug delivery, consumer product dispensing and active material science solutions. Aptar’s innovative solutions and services serve a variety of end markets including pharmaceutical, beauty, personal care, home, food and beverage. Using insights, proprietary design, engineering and science to create dispensing, dosing and protective technologies for many of the world’s leading brands, Aptar in turn makes a meaningful difference in the lives, looks, health and homes of millions of patients and consumers around the world. Aptar is headquartered in Crystal Lake, Illinois and has 13,000 dedicated employees in 20 countries. For more information, visit www.aptar.com.
Investor Relations Contact:
Matt DellaMaria
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NEW YORK--(BUSINESS WIRE)--Blade Urban Air Mobility, Inc. (“Blade” or the “Company”), a technology-powered urban air mobility platform, today announced an alliance whereby magniX USA Inc. (“magniX”), a leading manufacturer in electric aviation, will supply its Electric Propulsion Units (“EPU”) to Lima NY Corp. (“Lima”), one of Blade’s largest aircraft operating partners, for the conversion of Lima’s Blade-branded fleet of amphibious Cessna Caravans to all-electric aircraft starting in early 2023, subject to certain conditions.
Blade is the exclusive platform for Lima flights offered to the public. Key routes include flights between the Blade Aqua Lounge at the East 23rd Street seaplane base in New York City, the eastern end of Long Island, New York, and the Blade Terminal in Nantucket, Massachusetts.
Based on current estimates, the all-electric Caravans will operate emission-free at the same speed as the current generation turbine Caravans, with a significantly reduced noise footprint and lower operating costs.
As part of the alliance, Lima will be the exclusive owner in the northeast United States of the supplemental type certificate (“STC”) for the conversion of the Caravan’s current generation turbine engine to the magniX EPU.
Blade President Melissa Tomkiel said, “Amphibious seaplane service has always been an essential part of our urban air mobility strategy, given the aircraft’s unique ability to access city centers through conveniently located waterways, such as Manhattan’s East River, as well as traditional airports. The electrification of our accessible fleet of Blade-branded aircraft, made possible through our alliance with magniX and Lima, one of our key operating partners, will further accelerate our transition to quiet, emission-free flight, allowing us to reduce the environmental and sound impact in and around the communities where we fly.”
“Partnering with Blade and Lima to bring electric aviation to one of the largest cities, and highly populated regions in the United States, is an incredible proof point to the value of offering communities zero emissions, reduced noise, and lower operating costs,” said magniX CEO Roei Ganzarski. “With electric propulsion as our cornerstone, magniX continues to build toward the new electric age of aviation.”
Blade’s alliance with magniX and Lima comes on the heels of a recent agreement for Blade to secure up to 20 BETA Technologies’ ALIA Electric Vertical Aircraft (“EVA”) on behalf of Blade’s network of operators with scheduled delivery beginning in late 2024, and arrangements for Wisk Aero LLC, a joint venture between Boeing and Larry Page-backed Kitty Hawk, to own, operate and maintain up to 30 EVA for exclusive use across Blade’s U.S. route network.
The alliance among Blade, magniX, and Lima described in this press release is subject to the Federal Aviation Administration’s anticipated approval of the STC and the parties entering into further agreements.
About Blade
Blade is a technology-powered urban air mobility platform committed to reducing travel friction by providing cost-effective air transportation alternatives to some of the most congested ground routes in the U.S. and abroad. Today, Blade predominantly uses helicopters and amphibious aircraft. Its asset-light model, coupled with its exclusive passenger terminal infrastructure, is designed to facilitate a seamless transition to Electric Vertical Aircraft (“EVA” or “eVTOL”), enabling lower cost air mobility to the public that is both quiet and emission-free.
For more information, visit https://ir.blade.com/.
About magniX
Headquartered in Everett, WA, magniX is on a mission to lead the commercial aerospace and defense industries by providing high performance, reliable and environmentally friendly propulsion solutions. Developed with proprietary technology, magniX offers a range of revolutionary electric propulsion solutions, including motors and power electronics, which produce zero emissions at lower operating costs. For more information, please visit: www.magnix.aero.
About Lima
Lima NY Corp. d/b/a Fly The Whale is a US Part 135 Scheduled Air Carrier founded in 2008. Lima operates state of the art Cessna Caravan C208EX Amphibians, wheeled Cessna Caravan C208EXs, and Sikorsky S76C++ helicopters from bases in Farmingdale, NY, and New Haven, CT. In New Haven, Lima has built a first-class seaplane facility to provide a home for the largest seaplane fleet in the Northeast supported by a highly experienced team of pilots, mechanics, and support personnel. Lima is one of the very few air carriers to offer all three modes of air transportation: traditional land, sea, and vertical lift.
Forward Looking Statements
This press release contains certain “forward-looking statements” within the meaning of the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “anticipate”, “believe”, “could”, “continue”, “expect”, “estimate”, “may”, “plan”, “outlook”, “future” and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Such forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Blade’s control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. These risks, uncertainties, assumptions and other important factors include, but are not limited to: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of the alliance among Blade, magniX, and Lima described in this press release, as well as the failure by the parties to execute definitive agreements with respect to the alliance; (2) the failure of any party to satisfy relevant terms and conditions; (3) the inability to meet contemplated specifications or achieve anticipated cost savings; (4) changes in applicable laws or regulations and delays in obtaining, adverse conditions contained in, or the inability to obtain necessary regulatory approvals required to complete the transactions; (5) the possibility that Blade may be adversely affected by other economic, business, regulatory and/or competitive factors; and (6) the impact of COVID-19 on Blade’s business and/or the ability of the parties to complete the transactions.
New risks and uncertainties arise from time to time, and it is impossible for Blade to predict these events or how they may affect Blade or the transactions described in this press release. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made, and Blade undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, changes in expectations, future events or otherwise.
Press
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DUBLIN--(BUSINESS WIRE)--The "Global Dynamic Positioning Systems Market by Equipment type (Class 1, class 2, class 3), Application (Bulk Carrier, Gas Tanker, Ferries, Cruise, Amphibious, Destroyer, Frigate), End Use (OEM, Retrofit), Type, Sub-system, and Region - Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
The dynamic positioning system market is projected to grow from USD 6.3 billion in 2021 to USD 10.5 billion by 2026, at a CAGR of 10.7% between 2021 and 2026.
The increase in seaborne trade across the globe, cargo ship industry and shipbuilding industries are driving the market growth of the dynamic positioning system market.
Based on end user, the OEM segment is anticipated to grow at a higher CAGR during the forecast period
Based on end user, the OEM segment is anticipated to grow at a higher CAGR than the aftermarket segment during the forecast period. Original equipment manufacturers (OEMs) offer line fit and new product demand, thereby saving the time consumed in the installation of components post-delivery. Shipowners are preferring OEM segment over aftermarket segment as the OEM segment offers valuable post Purchase maintenance and training which is considered to be very essential for the dynamic positioning system market.
Based on type, the next generation dynamic positioning system is projected to register the highest CAGR during the forecast period
Based on type, the next generation segment is projected to witness the highest CAGR during the forecast period. This segment will majorly be driven by the rise and development in the autonomous vessels. Currently, there are countries in many regions who are working on project to bring autonomous vessels into the commercial market. The dynamic positioning systems is essential for autonomous vessels because of the minimalistic human intervention gives rise to higher chances of error that could lead to accidents. Hence, shipowners and OEM manufacturers are working on next generation dynamic positioning system for autonomous vessels. So, this will be the major factors to drive growth in this segment for the forecasted period.
North America is estimated to lead the dynamic positioning system market in 2021
The growth of the global trade industry in North America is one of the most significant factors contributing to the demand for dynamic positioning system in this region. Increasing investments in the naval operations and increasing offshore shipping industry are additional factors driving the growth of the dynamic positioning system market in North America.
Market Dynamics
Drivers
Restraints
Opportunities
Challenges
Companies Mentioned
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SANTA ANA, Calif.--(BUSINESS WIRE)--$ITI #IoT--Iteris, Inc. (NASDAQ: ITI), the global leader in smart mobility infrastructure management, today announced that it will participate in the Stifel 2021 Virtual Cross Sector Insight Investor Conference on Tuesday, June 8, 2021.
Iteris president and CEO Joe Bergera, and CFO Douglas Groves will be hosting virtual meetings with investors throughout the day.
For additional information or to schedule a virtual meeting with Iteris management, please contact your Stifel representative, or Iteris' investor relations firm, MKR Investor Relations, at This email address is being protected from spambots. You need JavaScript enabled to view it..
About Iteris, Inc.
Iteris is the global leader in smart mobility infrastructure management – the foundation for a new era of mobility. We apply cloud computing, artificial intelligence, advanced sensors, advisory services and managed services to achieve safe, efficient and sustainable mobility. Our end-to-end solutions monitor, visualize and optimize mobility infrastructure around the world to help ensure that roads are safe, travel is efficient, and communities thrive. Visit www.iteris.com for more information, and join the conversation on Twitter, LinkedIn and Facebook.
Iteris Contact
Douglas Groves
Senior Vice President and Chief Financial Officer
Tel: (949) 270-9643
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Investor Relations
MKR Investor Relations, Inc.
Todd Kehrli
Tel: (213) 277-5550
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DUBLIN--(BUSINESS WIRE)--The "Construction in Iran - Key Trends and Opportunities (H1 2021)" report has been added to ResearchAndMarkets.com's offering.
Iran's construction industry is expected to have expanded marginally by 0.7% in 2020 - down from growth of 8% in 2019.
The report expects the country's construction output to expand by 1.8% in 2021, before registering an annual average growth of 3.3% between 2022-2025.
This will be supported by investments in the energy, oil and gas, petrochemicals, infrastructure and industrial sectors. In an effort to boost the economy and improve infrastructure, the Iranian government aims to complete over 3,900kms of new railways and roads by March 2022.
The outbreak of the Coronavirus (COVID-19) pandemic, coupled with the steep decline in oil and gas prices, has weighed on the Iranian economy, which was already battered by the US sanctions that curb oil and gas exports, which are crucial for government revenues. The economic weakness amid the COVID-19 pandemic and the US sanctions, coupled with the depreciation of the currency and rising inflation, further weighed on the construction industry's output last year.
As a result of the sanctions, oil revenue in the country fell from over IRR1.6 quadrillion (US$40 billion) in 2018 to less than IRR840 trillion (US$20 billion) each in 2019 and 2020, according to the Central Bank of Iran (CBI). Moreover, since early 2018, the value of the Iranian rial has fallen eight-fold, and inflation in the country has increased by at least 40% as of last year.
In a positive development, however, the change in the US administration is expected to relieve tensions between the US and Iran, as the new president of the US, Joe Biden, is in favor of returning to the Iranian nuclear deal, which was previously abandoned in 2018. Despite this optimism, there have been delays in negotiation talks, as both countries wait for the other party to fulfil certain conditions.
Moreover, in March 2021, the government announced that IRR323.2 trillion (US$6.1 billion) will be invested on 62 projects in the industrial, mining and trade-related sectors. During mid-March 2020 to mid-February 2021, the government also approved 135 foreign investments projects worth IRR96.5 trillion (US$1.8 billion) in those sectors.
This report provides detailed market analysis, information and insights into Iran's construction industry, including -
Scope
Key Topics Covered:
1. Construction Outlook
2. Construction Industry: At-a-Glance
3. Latest News and Developments
4. Project Analytics
5. Construction Market Data
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Laura Wood, Senior Press Manager
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REYKJAVIK, Iceland--(BUSINESS WIRE)--A global leader in the manufacture of Unmanned Maritime Systems, Teledyne Marine Vehicles, a business of Teledyne Technologies Incorporated (NYSE:TDY), today announced that Argeo of Norway, a newly listed company and growing subsea offshore service company, has procured two Teledyne Gavia SeaRaptor 6,000 meter rated Autonomous Underwater Vehicles (AUVs). The two SeaRaptor AUVs will contribute to Argeo’s growing fleet of AUVs and will enable deep-sea surveys to the benefit of marine industries including offshore wind, aquaculture, deepsea minerals, and offshore oil & gas.
The SeaRaptor 6000 AUVs will be equipped with the latest Kraken MinSAS 120 Synthetic Aperture Sonar (Kraken Robotics, Canada) providing large swath area coverage and high-resolution imagery and bathymetry data collection. The vehicles will also be fitted with Teledyne RESON T50-S Multi-Beam dual frequency 200/400 kHz Echo Sounders, Teledyne Benthos Chirp III Sub Bottom Profilers, iXblue PHINS 6000 INSs coupled to Teledyne RDI Tasman DVLs, and CathX Hunter Camera Systems. All data collected will be processed onboard using Teledyne CARIS OnBoard postprocessing and mosaicking software to allow quick turnaround during missions. The AUVs are also fitted with a large variety of scientific sensors from RBR which will take Conductivity, Temperature, Pressure, Turbidity, pH, Dissolved Oxygen, Redox, CH4 and Magnetic measurements to provide valuable water column data which will contribute to better ocean basin characterizations.
“Teledyne is very pleased to supply these unique deep water AUVs to Argeo. We see the strategic partnership forming between our companies as being beneficial, far into the future,” said Mike Read, President, Teledyne Marine.
Both vehicles will be supplied in 40 foot containers hosting their Launch and Recovery Systems, deck support and handling equipment and a spares set to offer the highest redundancy and availability of the systems. The vehicles are designed to be air transportable, including their Li-Ion batteries which offer over 40 hours of autonomy for long endurance missions.
Teledyne is excited to offer these systems to assist in bringing back new information as to the nature and composition of the deepest parts of the planet.
About Teledyne Gavia
Teledyne Gavia provides turnkey survey solutions to customers undertaking a variety of tasks for military, commercial and scientific applications. The Gavia AUV can carry an array of sensors and custom payload modules that make it perfect for any research, monitoring or surveillance task where autonomy, cost and ease of deployment matters. Its modular design allows for rapid sensor reconfiguration and battery replacement. Teledyne Gavia’s manufacturing facility comprises a 1,500 square meter building in Kópavogur, Iceland, with research, engineering, production, and sea trial facilities on Iceland’s North Atlantic coast. For more information, visit Teledyne Gavia’s website at www.teledynemarine.com/gavia.
About Teledyne Marine
Teledyne Marine is a world class Marine Systems business that is part of Teledyne Technologies Incorporated. Through acquisitions and collaboration over the past fifteen years, Teledyne Marine has become the market leader in Imaging, Instruments, Interconnect, Seismic, and Vehicle technologies by providing innovative total solutions to our customers. Teledyne Marine is committed to providing premium products backed by unparalleled service and support. For more information, visit Teledyne Marine’s website at www.teledynemarine.com.
About Argeo
Argeo is a company with a mission to transform the ocean surveying and inspection industry by utilizing autonomous surface and underwater robotics solutions. Equipped with unique sensors and advanced digital imaging technology, these autonomous underwater vehicles (“AUVs”) will significantly increase efficiency and imaging quality in addition to contribute to substantially reduce CO2 emissions from operations for this global industry. The company’s highly accurate digital models and digital twin solutions are based on geophysical, hydrographic, and geological methods from shallow water to the deepest oceans for market segments in Infrastructure, Offshore Wind, Oil & Gas and Deep Sea Minerals. For more information, visit Argeo’s website at www.argeo.no.
Melissa Rossi
Director of Marketing – Vehicles
Teledyne Marine
(508) 563-1586
DUBLIN--(BUSINESS WIRE)--The "Oman Projects, H1 2021 - Outlook for Major Projects in Oman - MEED Insights" report has been added to ResearchAndMarkets.com's offering.
Oman has historically been one of the smaller markets in the GCC. A smaller population and more limited oil and gas resources than its neighbors have traditionally meant that sits behind Kuwait and Qatar and ahead of Bahrain in terms of annual contract awards.
But that is not to say that the Sultanate does not offer a variety of interesting opportunities for contractors, consultants, and suppliers alike. In recent years, there have been a number of large-scale projects across different sectors such as the Duqm refinery, the new Muscat international airport, and the Batinah expressway scheme, among others.
The Sultanate's more delicate economic position has meant that it has been hit hard by Covid-19. Faced with a reduction in revenues, the government reacted by cutting back on projects spending and slowing new tenders on the tender board to a crawl.
However, some major contracts have been awarded in 2020 because they have been funded by development funds from Oman's richer GCC neighbors. These projects have ensured that the Sultanate has not seen a sharp year-on-year fall in projects spending so far.
Faced with an economic downturn, the outlook for Oman's future projects market will hinge on foreign investment in its major industrial hubs in Sohar, Duqm, and Salalah. Chinese investment in particular will be key as part of its Belt and Road Initiative to benefit from Oman's position on the main EastWest shipping axis.
Also critical will be the development of the Sultanate's PPP project plans to obtain more private sector involvement in the funding, construction, and operation of future projects. In the absence of major government capital expenditure, private sector financing will be pivotal in getting projects moving again.
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Executive Summary
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DUBLIN--(BUSINESS WIRE)--The "Renewable Energy Global Industry Guide 2015-2024" report has been added to ResearchAndMarkets.com's offering.
The global renewable energy market had total revenues of $811.7bn in 2019, representing a compound annual growth rate (CAGR) of 9.7% between 2015 and 2019.
Market consumption volume increased with a CAGR of 6.6% between 2015 and 2019, to reach a total of 6,411.2 TWh in 2019.
The Asia-Pacific region has the highest share of global revenues from renewable energy, and sees the highest levels of growth from its emerging economies
The global Renewable Energy industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2015-19, and forecast to 2024). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
Scope
Companies Mentioned
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Laura Wood, Senior Press Manager
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DUBLIN--(BUSINESS WIRE)--The "Kuwait Projects, H1 2021 - Outlook for Major Projects in Kuwait - MEED Insights" report has been added to ResearchAndMarkets.com's offering.
Kuwait is currently the fourth largest projects market in the GCC after the UAE, Saudi Arabia, and Qatar. Historically, the local market has underperformed its potential, weighed back by politics and a lack of central authority to help push through projects. This has meant that despite its vast oil wealth and healthy fiscal position, the state rarely exceeds 15bn of contract awards each year.
The pandemic and falling oil prices during the first half of 2020 hit Kuwait hard. The central tenders committee effectively closed during the lockdown and no new public tenders were released or submitted. As of August, tendering was still far from normal.
The other big impact was lower oil prices. With the state forecasting another budget deficit and national assembly members unwilling to countenance additional borrowing, the government has had no choice but to rein back capital expenditure. As most schemes in Kuwait are directly government-funded this will naturally lead to fewer projects.
That said, there was some good news in early 2020 when financial closed was announced on the Umm al-Hayman wastewater treatment plant PPP project. The long-awaited deal was the first under the PPP law and bodes well for the success of other PPP schemes in the pipeline.
However, much more will need to be done if Kuwait is to live up to its projects market potential. The state needs to find a way of getting greater private sector participation in the market and attract greater foreign investment. Without either, it is difficult to see how the market can reach its potential.
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Key Topics Covered:
Executive Summary
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