ROCKVILLE, Md.--(BUSINESS WIRE)--#ChiefDevelopmentOfficer--Standard Solar, Inc., a leading solar energy company specializing in the development and financing of commercial solar electric systems nationwide, today announced the appointment of Michael Streams as Chief Development Officer and newest member of the company’s executive team. Standard Solar’s leadership team expansion comes at a time of rapid growth for the company.

“As we’ve evolved from a fast-growing EPC to a trusted nationwide financier, we’ve assembled an extremely experienced team of experts,” said Scott Wiater, President & CEO, Standard Solar. “Michael is a proven executive who shares our values. He believes in the importance of investing resources in great partnerships and great solar projects that stand the test of time. He is the ideal addition to Standard Solar’s executive management team as we continue to rapidly scale our business.”

“I’ve admired Standard Solar’s sustainable growth for years as they’ve financed solar projects and built partnerships nationwide,” said Streams. “I’m looking forward to being a part of this veteran team as we sharpen our focus on building success with our partners and aggressively growing our portfolio.”

Streams brings more than 14 years of solar finance, legal and business development experience to Standard Solar and has demonstrated success applying his broad expertise to growing dynamic organizations. As a member of Standard Solar’s executive team, Streams will be responsible for promoting Standard Solar’s continued success in acquiring and developing solar energy assets in markets throughout the US.

Streams joins Standard Solar from Nautilus Solar Energy, an independent power producer of distributed solar energy systems throughout North America, where he served as General Counsel and a key member of its executive core.

Prior to his tenure at Nautilus Solar, Streams was General Counsel and Senior VP of Project Finance at PFMG Solar, a developer, financier and operator of commercial-scale solar energy systems and previously served as General Counsel and Senior Vice President of Business Development for Perpetual Energy Systems, an independent power producer of renewable energy, focused on developing and financing distributed generation solar energy systems.

About Standard Solar

Standard Solar, Inc. is a leading solar energy company specializing in the development and financing of solar electric systems nationwide. Dedicated to making Distributed Generation (DG) solar more accessible to businesses, institutions, governments and utilities, the company is forging the path for clean, renewable energy development through turnkey solutions. With more than 100 megawatts installed, financed and maintained, Standard Solar is one of the most trusted and respected solar companies in the US. Owned by Énergir, a leading energy provider with more than $5.8 billion US in assets, Standard Solar operates nationally and is headquartered in Rockville, Md. For more information, please visit www.standardsolar.com

PR Contact:
Leah Wilkinson
Wilkinson + Associates
703-907-0010
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DUBLIN--(BUSINESS WIRE)--The "Value-added Services Backed by Industry 4.0 to Propel the Global Oil & Gas Refinery MRO Services Market, 2020-2024" report has been added to ResearchAndMarkets.com's offering.

Maintenance, repair and overhaul (MRO) services catering to the oil & gas refinery market will be adversely impacted by the Coronavirus 2019 (COVID-19) induced economics slump, alongside the oversupply of oil and lack of storage capacities 2016 to 2024 (the study period of this research).

This market is currently (2019) valued at $15.40 billion and is expected to expand at a CAGR of 0.23% and reach $15.05 billion in 2024. With refineries focusing on bringing in higher efficiencies in fuel production, the onus is on ensuring well-maintained facilities. This in turn is expected to increase the importance of turnaround maintenance (TAM) services for refineries. Furthermore, the market is expected to witness an increase in the time between shutdown, turnaround and outage (STO) events from 3-5 years to 8-10 years, driven by improved life of assets due to effective maintenance services. Refining margins have been depreciating over the years, bringing down profits. Additionally, refineries are increasingly focused on reducing both their capital and operational expenditures. Therefore, in order to lower the operating expenses in the long term, refineries are focusing on improving asset reliability both from the equipment and process point of view.

Regulatory mandates and directives that place higher emphasis on reduced emissions/cleaner emissions will also drive the requirement for MRO services, across regions. The drastic COVID-19 related economic downturn had led to reduced capacity utilization at refineries, which has resulted in a significant slump in their spend on MRO services. However, the rise in service-based business models has ensured continued higher demand for asset management related MRO services. As refining margins continue falling, maintenance services will be geared towards innovative, cost-effective, and time saving methodologies.

The demand for inventory management is expected to be fueled largely by end-use industries such as process industries that continuous operations of critical applications. This coupled with the supply uncertainties experiences (of late) for key spare parts for critical applications, has the potential to disrupt plant uptime. Optimizing lifecycle cost is driving the need to focus on solution-based services. MRO service providers are redefining MRO services, by integrating big data, analytics, and cloud capabilities to devise solution-based services. MRO services being a mature market, the service providers are largely differentiated by price and product ranges. However, the success of MRO services providers in the future will require an integrated approach that focuses on consistent performance and reliability. With end users increasingly looking at optimizing an efficient operational expenditure strategy and cutting down their capital expenditures, their focus is on enhancing core competencies. This in turn is fueling the need for reliable partners to outsource non-core competencies. This is a major driver for outcome-based service models.

Continuation of COVID-19 induced economic slowdown is expected to have a significant impact on the capacity utilization of refineries. It may result in shutdown of these facilities, which in turn will reduce their maintenance related spend and lead to increased outsourcing of non-core competencies. However, increasing adoption of asset management solutions by MRO services will drive asset lifecycle extensions and in reduce the frequency of maintenance, repair, and upgrades. This is expected to lower MRO service revenues. Considering the greater focus of end users on integrated solutions-based approaches, MRO services will witness further consolidation with the market leaders acquiring specialized maintenance service providers and, technology based-asset management service providers, in a bid to increase their relative market shares and improve margins.

Key Topics Covered:

1. Executive Summary

2. Market Overview

3. Drivers and Restraints - Total Oil & Gas Refinery MRO Services Market

4. Forecast and Trends - Total Oil & Gas Refinery MRO Services Market

• Market Engineering Measurements
• Forecast Assumptions
• Revenue Forecast
• Refinery Capacity
• Percent Revenue Forecast by Region
• Revenue Forecast by Region
• Revenue Forecast Discussion by Region

5. Market Share and Competitive Analysis - Total Oil & Gas Refinery MRO Services Market

• Market Share
• Market Share Analysis
• Competitive Environment
• Top Competitors - SWOT Analysis

6. Refinery MRO Services Analysis

• Percent Revenue Forecast by Refinery Type
• Revenue Forecast by Refinery Type
• Revenue Forecast Discussion by Refinery Type

7. Trend Analysis

• Asset Ranking by Operational and Maintenance Spend
• Adoption of Asset Management Solutions
• Top Refineries with Capacity - Global

8. Regional Analysis

• North America - Key Findings
• North America - Revenue Forecast
• North America - Revenue Forecast Discussion
• Europe - Key Findings
• Europe - Revenue Forecast
• Europe - Revenue Forecast Discussion
• MEA - Key Findings
• MEA - Revenue Forecast
• MEA - Revenue Forecast Discussion
• APAC - Key Findings
• APAC - Revenue Forecast
• APAC - Revenue Forecast Discussion
• Latin America - Key Findings
• Latin America - Revenue Forecast
• Latin America - Revenue Forecast Discussion

9. Growth Opportunities and Companies to Action

• 5 Major Growth Opportunities
• Growth Opportunity 1 - Asset Integrity Management
• Growth Opportunity 2 - Parts Certainty as a Service
• Growth Opportunity 3 - Value-Added Services
• Growth Opportunity 4 - Market Positioning
• Growth Opportunity 5 - Outcome-Based Services
• Strategic Imperatives for Success and Growth

10. The Last Word

11. Appendix

For more information about this report visit https://www.researchandmarkets.com/r/phn5qv

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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RICHMOND, Va .--(BUSINESS WIRE)--#energyconsumers--Virginia’s families, manufacturers and businesses saved more than $14.2 billion between 2008 and 2018 thanks to low-cost natural gas and expanded energy infrastructure, according to a new Consumer Energy Alliance (CEA) report. Households saved over $4.7 billion, while commercial and industrial users saved more than $9.4 billion, according to the report, “Natural Gas, Fueling Life in Virginia.”

The report underscores how expanded energy infrastructure modernization and natural gas have created billions in energy savings and led to greater energy affordability and reliability for families and businesses – all while the state has achieved substantial emissions reductions. These timely system upgrades have been critical to help families weather the uncertainty and challenges posed by COVID-19, because reliable, modern natural gas systems have provided the energy needed for daily living and the small comforts that are easy to take for granted.

In Virginia, almost 60% of power generation relies on natural gas and a third of its households use natural gas for home heating. At a time when more Virginians are working and attending classes from their homes, these savings, and the assurance of affordable and reliable energy, are bringing relief to thousands of Virginians during the pandemic.

“This new report highlights the important role energy infrastructure has on the lives of everyone across Virginia, especially during these tough times,” CEA Vice President of State Affairs Brydon Ross said. “New and continual investments and system upgrades are critical to help fuel our economic development, and they are essential in ensuring affordable and reliable energy for all Virginians, especially for those who have previously been underserved and in need of natural gas.”

“As the unprecedented COVID-19 pandemic continues globally, the need for affordable energy has never been more important. Energy powers every imaginable industry, supports our nation’s supply chains and is the most important ingredient for a robust American recovery.”

“That’s why our leaders must support U.S. energy in all forms while we continue to advance our world-leading environmental progress.”

Highlights from the report:

• Virginia energy consumers saved more than $14.2 billion from 2008-18. Residential users alone saved more than $4.7 billion. Commercial and industrial users saved more than $9.4 billion.
• Virginia households spent about $3,600 on energy in 2018. For those living at or below the poverty line, that translates to more than 28% of their income.
• Natural gas fuels nearly 60% of Virginia’s power generation and heats a third of its households.
• Virginia’s carbon dioxide emissions fell by almost 20% from 2003-18, even though natural gas usage for power generation surged tenfold – proving that affordable natural gas and expanded infrastructure improvements work well with environmental protection.
• Investments can help underserved areas of the state like Hampton Roads, which needs more natural gas service. It also keeps costs low. Households with natural gas appliances spend nearly $900 less a year on average than those with electric appliances.
• The nation’s pipeline network and Virginia’s infrastructure is safe and getting safer due to their operators’ continual investments to upgrade and modernize their networks. Over 99.999% of the energy delivered on these systems safely arrives at its destination each and every day.

To view the report, click here.

About Consumer Energy Alliance

Consumer Energy Alliance (CEA) is the leading voice for sensible energy and environmental policies for consumers, bringing together families, farmers, small businesses, distributors, producers and manufacturers to support America's environmentally sustainable energy future. With more than 550,000 members nationwide, we are committed to leading the nation’s dialogue around energy and the environment, its critical role in the economy, and how it supports the vital supply chains for the families and businesses that depend on them. CEA works daily to encourage communities across the nation to seek sensible, realistic and environmentally responsible solutions to meet our nation’s energy needs.

Emily Haggstrom
P: 720-582-0242
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HARTFORD, Conn. & BOSTON--(BUSINESS WIRE)--Eversource Energy (NYSE: ES) will webcast a conference call with financial analysts on Wednesday, November 4, 2020, beginning at 9 a.m. Eastern Standard Time, at which senior management will discuss the company's financial performance through the third quarter of 2020.

This listen-only, live audio presentation will be accessible from the Investors section of the Eversource website at https://www.eversource.com/Content/general/about/investors/presentations-webcasts.

Eversource (NYSE: ES) transmits and delivers electricity and natural gas and supplies water to approximately 4.3 million customers in Connecticut, Massachusetts and New Hampshire. Celebrated as a national leader for its corporate citizenship, Eversource is the #1 energy company in Newsweek’s list of America’s Most Responsible Companies for 2020 and recognized as one of America’s Most JUST Companies. The #1 energy efficiency provider in the nation, Eversource harnesses the commitment of approximately 9,000 employees across three states to build a single, united company around the mission of safely delivering reliable energy and water with superior customer service. The company is empowering a clean energy future in the Northeast, with nationally-recognized energy efficiency solutions and successful programs to integrate new clean energy resources like solar, offshore wind, electric vehicles and battery storage, into the electric system. For more information, please visit eversource.com, and follow us on Twitter, Facebook, Instagram, and LinkedIn. For more information on our water services, visit aquarionwater.com.

INVESTORS:
Jeffrey R. Kotkin
860-665-5154

PEMBROKE, Bermuda--(BUSINESS WIRE)--AXIS Insurance, the specialty insurance business segment of AXIS Capital Holdings Limited (“AXIS Capital”) (NYSE:AXS), and Kennedys Law LLP, an international law firm, today announced a collaboration for services in connection with new the AXIS Marine Cyber Insurance product. This new product will provide insurance cover for the marine shipping market to protect against cyber exposures on board vessels and onshore in shipping company offices.

“The marine shipping insurance market dates back to the very origins of the insurance industry, and it’s under threat from one of the newest perils: cyber risk,” said Dan Trueman, AXIS Insurance Global Head of Cyber and Technology. “Through AXIS and Kennedys, policyholders will have access to an extensive network of experts to address the modern needs of shipping as cyber threats take center stage.”

The product will be available immediately for all new and renewing AXIS Cyber Marine Insurance policies. In conjunction with Kennedys, AXIS policies will feature four main pillars to provide a comprehensive approach to prepare, protect against and respond to cyber threats across the maritime industry:

• A single dedicated point of contact always available to report a cyber incident and process insurance claims simultaneously.
• An extensive network of marine, legal and technical experts in any part of the world at any time to aid recovery.
• Support, if required, offering a range of assistance from system restoration, counsel and liaising with cyber experts.
• Online cyber security awareness training for all maritime personnel, both onshore and offshore.

Jonathan Evans, Partner at Kennedys, said: “We are delighted that AXIS has chosen Kennedys to provide marine cyber incident response services, legal advice and ancillary services. AXIS policyholders anywhere in the world at any time can access a dedicated helpline to navigate their way through a cyber incident, whether that be on land or at sea, which is often a very daunting and challenging experience that requires immediate specialist advice and guidance from our global panel of experts.”

The AXIS Marine Cyber Insurance product will be underwritten and managed by its Global Cyber and Technology team in London.

About AXIS Insurance

AXIS Insurance – the insurance business segment of AXIS Capital Holdings Limited (NYSE: AXS) – provides Property & Casualty, Professional Lines, Terrorism, Marine, Renewable Energy, Aviation, Credit & Political Risk, Environmental, Accident & Health coverages and other customized insurance solutions. Our products are offered through our distribution partners, which include wholesale brokers, retail brokers and designated managing general agents/underwriters (“MGAs”/”MGUs”) in the U.S. and abroad. Coverages are backed by the financial strength and security of the AXIS Insurance Companies, rated “A+” (Strong) by Standard & Poor’s, and “A” (Excellent) by A.M. Best.

About AXIS Capital

AXIS Capital, through its operating subsidiaries, is a global provider of specialty lines insurance and treaty reinsurance with shareholders' equity at June 30, 2020 of $5.3 billion and locations in Bermuda, the United States, Europe, Singapore, Canada and the Middle East. Its operating subsidiaries have been assigned a rating of "A+" ("Strong") by Standard & Poor's and "A" ("Excellent") by A.M. Best. For more information about AXIS Capital, visit our website at www.axiscapital.com.

Follow AXIS Capital on LinkedIn and Twitter.

About Kennedys Law LLP

Kennedys Law LLP is a leading global law firm specializing in litigation and dispute resolution that has 2,150 staff worldwide, with 40 offices in Auckland, Bangkok, Belfast, Bermuda, Birmingham, Bogotá, Bristol, Brussels, Buenos Aires, California, Cambridge, Chelmsford, Copenhagen, Dubai, Dublin, Edinburgh, Glasgow, Hong Kong, Illinois, Lima, Lisbon, London, Madrid, Manchester, Melbourne, Mexico City, Miami, Moscow, New Jersey, New York, Paris, Pennsylvania, Santiago, São Paulo, Sheffield, Singapore, Sydney, Taunton, Tel Aviv and Texas. Kennedys also has an active network of associate offices and co-operations around the world, situated in Beijing, Bologna, Calgary, Dominican Republic, Guatemala, Karachi, Kelowna, Milan, Mumbai, New Delhi, Oslo, Panama, Puerto Rico, Rio de Janeiro, Rome, Shanghai, Shenzhen, Stockholm, Toronto, Vancouver and Warsaw.

Kennedys’ client base includes domestic and international (re)insurers, Lloyd’s syndicates, central and government bodies and large corporate organizations (many of which are self-insured). Its lawyers provide a range of specialist legal services to industry sectors including insurance and reinsurance, aviation, banking and finance, construction and engineering, healthcare, life sciences, marine, public sector, rail, real estate, retail, shipping and international trade, sport and leisure, transport and logistics, and travel and tourism.

Kennedys is a trading name of Kennedys CMK LLP, a New Jersey limited liability partnership. Kennedys Law LLP, a UK Limited Liability Partnership, is a partner of Kennedys CMK LLP.

Investor Contact
Matt Rohrmann
AXIS Capital Holdings Limited
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(212) 940-3339

Media Contact
Brian Price
AXIS Capital Holdings Limited
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(312) 609-6761

• Net sales of about $3.7 billion, 4% lower than the prior year
• Net sales continued to be impacted by the economic effects of the COVID-19 pandemic
• Record reported earnings per diluted share from continuing operations (EPS) of $1.86 and adjusted EPS of $1.93
• Strong aggregate segment operating margins compared to the third quarter 2019, supported by sales volume recovery and ongoing cost management actions
• Quarterly operating cash flow generation of more than $800 million; higher than third quarter 2019

PITTSBURGH--(BUSINESS WIRE)--PPG (NYSE:PPG) today reported third quarter 2020 net sales of about $3.7 billion, down approximately 4% versus the prior year. Selling prices increased by 1.3%. Sales volumes were down about 5% versus the prior year, which reflect ongoing negative economic impacts of the COVID-19 pandemic. Acquisition-related sales added less than 1% to sales growth, and the year-over-year impact from foreign currency translation was minimal.

Third quarter 2020 reported net income from continuing operations was $442 million, or $1.86 per diluted share. Adjusted net income from continuing operations was $458 million, or $1.93 per diluted share. Adjusted figures exclude after-tax items of $16 million for hurricane-related expenses and restructuring-related costs. Third quarter 2019 net income from continuing operations was $366 million, or $1.54 per diluted share, and adjusted net income from continuing operations was $396 million, or $1.67 per diluted share. The third quarter 2020 reported and adjusted effective tax rates were approximately 22%, compared to the third quarter 2019 reported and adjusted effective tax rates of 23%. Detailed reconciliations of the reported to adjusted figures are included below.

“As reported earlier this month, we delivered record operating results in the third quarter, with both of our reportable business segments delivering higher segment income than the prior year, despite continued, negative pandemic-related economic effects,” said Michael H. McGarry, PPG chairman and chief executive officer. “Strong year-over-year organic sales growth in global architectural coatings and continued cost management drove earnings growth in our Performance Coatings reporting segment. In addition, our leading technology and service capabilities benefited us as demand for automotive OEM coatings and general industrial coatings began recovering in the quarter, generating strong PPG operating leverage and boosting earnings in our Industrial Coatings reporting segment.

“In aggregate, we delivered operating margins that were about 300 basis points higher than the prior year. Our continued execution of both interim and structural cost-savings initiatives is driving higher incremental earnings on improving sales volumes. In the quarter, we delivered about $90 million of cost savings from various interim initiatives and about $35 million of incremental structural savings from business restructuring programs, including the execution of some manufacturing footprint optimization initiatives. In addition to our earnings performance, we generated more than $800 million of cash from operations in the quarter, including the benefit of a 150-basis-point reduction in working capital as a percent of sales versus the third quarter 2019.

“Looking ahead, we are likely to experience normal seasonal trends in the fourth quarter, especially in our European and North American architectural coatings businesses,” McGarry added. “Even with the continued uncertainty from the pandemic we expect overall economic activity to continue to recover, but in an uneven manner. The pandemic is still significantly impacting the demand for certain coatings products – most notably, global commercial aerospace, marine, and protective coatings that support the oil and gas industry. In addition, we expect that automotive refinish coatings demand in the U.S. and Europe will remain below 2019 levels until there is a return to more normal commuting patterns. We remain well positioned to capture additional incremental earnings growth once these sectors, that represent about 30% of our business portfolio, begin to recover. Similar to the past several quarters, we will continue to focus on execution against all elements within our control. Also, the company’s balance sheet remains strong, and we are evaluating earnings-accretive cash deployment alternatives.

“We will continue to prioritize the health and safety of our employees, while providing excellent support to our customers with our technology-advantaged products. I am very proud of the entire global PPG team, and I want to thank everyone for their continued focus and diligence during these challenging times. As I said last quarter, I remain confident that we are on the path to emerge from this crisis as an even stronger company, and these record quarterly results lay the foundation for delivering on this commitment,” McGarry concluded.

Third Quarter 2020 Reportable Segment Financial Results

• Performance Coatings segment third quarter net sales were about $2.3 billion, down approximately $60 million, or about 3%, versus the prior year. Selling prices increased by 2%, and acquisition-related sales added nearly 1%, or about $20 million, primarily from the Texstars and ICR acquisitions. These gains were more than offset by lower sales volumes of about 5%, or about $125 million, primarily related to the COVID-19 pandemic. There was no material impact from foreign currency translation during the quarter as the strengthening Euro was offset by weaker Latin American currencies.
  
  Architectural coatings – Europe, Middle East and Africa (EMEA) year-over-year net sales, excluding the impact of currency and acquisitions (organic sales), increased by about 10%, driven by increased consumer demand after many countries permitted retail store re-openings following mandated closures during the second quarter. Year-over-year organic sales, in architectural coatings – Americas and Asia Pacific were up a low-single-digit percentage, with differences by channel and region. Despite challenging economic conditions in Mexico, the PPG-Comex architectural coatings business grew organic sales by a mid-single-digit percentage. Sales volumes in protective and marine coatings were down a mid-single-digit percentage, driven by lower demand in all major regions except Asia-Pacific. Aerospace coatings sales volumes were down about 35% impacted by lower commercial OEM and aftermarket demand, while sales for aerospace military applications were similar to the prior year driven by growing demand for PPG’s technology-advantaged products. Sales volumes for automotive refinish coatings improved significantly compared with the prior sequential quarter, but still declined about 10% on a year-over-year basis. Automotive refinish coatings sales volumes in China were higher than the prior year as automotive miles driven and traffic congestion have returned to pre-pandemic levels.
  
  Segment income for the third quarter was $426 million, up about $45 million, or about 12%, year-over-year. Segment income was aided by higher selling prices, cost-mitigation efforts and restructuring initiatives, partially offset by the unfavorable earnings impact from lower sales volumes stemming from the pandemic.

• Industrial Coatings segment third quarter net sales were about $1.4 billion, down about $80 million, or about 5%, versus the prior-year period. As a result of the continued decline in global economic demand stemming from the COVID-19 pandemic, sales volumes decreased by 5% versus the prior-year period; however, this was a dramatic improvement versus the near 40% year-over-year volume decline experienced in the second quarter. There was no material impact from foreign currency translation during the quarter.
  
  PPG automotive original equipment manufacturer (OEM) coatings sales volumes differed by region but in aggregate were relatively flat compared to the prior year and above global industry auto production rates, supported by our leading technology and customer service capabilities. This includes robust year-over-year growth in China aided by higher regional industry retail sales, along with significant sequential quarterly improvement in industry build rates in the U.S. and Europe. PPG sales volumes for automotive OEM coatings in China were higher than the prior-year quarter by a low-teen percentage. Sales volumes for the industrial coatings business also improved significantly from the second quarter 2020; although demand varied by sub-segment and was down a mid-single-digit percentage in aggregate versus the prior year. Packaging coatings sales volumes decreased a low-single-digit percentage year-over-year, as growing demand in the U.S. and Latin America was offset by softer aggregate demand in Asia and Europe.
  
  Segment income for the third quarter was $253 million, up about $45 million, or approximately 23% year-over-year. Segment income was aided by aggressive cost-mitigation actions, restructuring cost savings, and modestly higher selling prices, partially offset by the unfavorable earnings impact from the lower sales volumes.

The company ended the third quarter with net debt of $3.5 billion, approximately $600 million lower than the second quarter. The company prepaid $1 billion of a $1.5 billion term loan maturing in April 2021. The company’s $2.2 billion revolving credit facility is currently undrawn.

In addition, the company today reported the following projections for the fourth quarter 2020 based on current global economic activity:

• Aggregate sales volumes are anticipated to be down a low-to-mid-single digit percentage, differing by business and region
• Total incremental structural cost benefits from restructuring savings are expected to be between $30 million and $35 million
• Corporate expenses are expected to be between $55 million and $60 million compared to $55 million in the third quarter 2020
• Net interest expense is anticipated to be between $28 million and $30 million.
• The company’s global ongoing effective tax rate is expected to be in the range of 18% to 21%. The rate is lower sequentially versus the third quarter driven by potential discrete items to be realized in the fourth quarter
• Adjusted earnings per diluted share are expected to be between $1.50 and $1.57.

PPG: WE PROTECT AND BEAUTIFY THE WORLD™

At PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings and materials that our customers have trusted for more than 135 years. Through dedication and creativity, we solve our customers’ biggest challenges, collaborating closely to find the right path forward. With headquarters in Pittsburgh, we operate and innovate in more than 70 countries and reported net sales of $15.1 billion in 2019. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets. To learn more, visit www.ppg.com.

Additional Information

PPG will provide detailed commentary regarding its financial performance, including presentation-slide content, on the PPG Investor Center at www.ppg.com at 5 p.m. ET today, October 19. The company will hold a conference call to review its third quarter 2020 financial performance tomorrow, October 20, at 8 a.m. ET. Participants can pre-register for the conference by navigating to http://www.directeventreg.com/registration/event/8873424. The conference call also will be available in listen-only mode via Internet broadcast from the PPG Investor Center at www.ppg.com. A telephone replay will be available tomorrow, October 20, beginning at approximately 11:00 a.m. ET, through November 3 at 11:59 p.m. ET. The dial-in numbers for the replay are: in the United States, 1-800-585-8367; international, +1-416-621-4642; passcode 8873424. A Web replay also will be available shortly after the call on the PPG Investor Center at www.ppg.com, and will remain through Tuesday, Oct. 19, 2021.

Forward-Looking Statements

Statements contained herein relating to matters that are not historical facts are forward-looking statements reflecting PPG’s current view with respect to future events and financial performance. These matters 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, involve risks and uncertainties that may affect PPG’s operations, as discussed in the company’s filings with the Securities and Exchange Commission pursuant to Sections 13(a), 13(c) or 15(d) of the Exchange Act, and the rules and regulations promulgated thereunder. Accordingly, many factors could cause actual results to differ materially from the forward-looking statements contained herein. Such factors include statements related to the expected effects on our business of the COVID-19 pandemic, global economic conditions, increasing price and product competition by foreign and domestic competitors, fluctuations in cost and availability of raw materials, the ability to achieve selling price increases, the ability to recover margins, customer inventory levels, the ability to maintain favorable supplier relationships and arrangements, the timing of realization of anticipated cost savings from restructuring initiatives, the ability to identify additional cost savings opportunities, difficulties in integrating acquired businesses and achieving expected synergies therefrom, economic and political conditions in international markets, the ability to penetrate existing, developing and emerging foreign and domestic markets, foreign exchange rates and fluctuations in such rates, fluctuations in tax rates, the impact of future legislation, the impact of environmental regulations, unexpected business disruptions, the unpredictability of existing and possible future litigation, including asbestos litigation, and governmental investigations. However, it is not possible to predict or identify all such factors. Consequently, while the list of factors presented here and in our 2019 Annual Report on Form 10-K and the second quarter 2020 quarterly report on Form 10-Q are considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. Consequences of material differences in results compared with those anticipated in the forward-looking statements could include, among other things, lower sales or earnings, business disruption, operational problems, financial loss, legal liability to third parties and similar risks, any of which could have a material adverse effect on PPG’s consolidated financial condition, results of operations or liquidity.

All information in this release speaks only as of October 19, 2020, and any distribution of this release after that date is not intended and will not be construed as updating or confirming such information. PPG undertakes no obligation to update any forward-looking statement, except as otherwise required by applicable law.

Regulation G Reconciliation

PPG believes investor’s understanding of the company’s performance is enhanced by the disclosure of net income, earnings per diluted share from continuing operations and PPG’s effective tax rate adjusted for certain items. PPG’s management considers this information useful in providing insight into the company’s ongoing performance because it excludes the impact of items that cannot reasonably be expected to recur on a quarterly basis or that are not attributable to our primary operations. Net income, earnings per diluted share from continuing operations and the effective tax rate adjusted for these items are not recognized financial measures determined in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) and should not be considered a substitute for net income, earnings per diluted share, the effective tax rate or other financial measures as computed in accordance with U.S. GAAP. In addition, adjusted net income, adjusted earnings per diluted share and the adjusted effective tax rate may not be comparable to similarly titled measures as reported by other companies.

Regulation G Reconciliation - Net Income and Earnings per Diluted Share
($ in millions, except per-share amounts)

CATEGORY Corporate
CATEGORY Financial

PPG Media Contact:
Mark Silvey
Corporate Communications
+1-412-434-3046
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PPG Investor Contact:
John Bruno
Investor Relations
+1-412-434-3466
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investor.ppg.com

Quorum Software to highlight the future of Land On Demand on the heels of recent acquisition during SaaS platform user conference

HOUSTON--(BUSINESS WIRE)--Today, with hundreds of oil and gas professionals attending virtually, Quorum Software (Quorum) kicked off its first-ever Qnect On Demand conference for users of the company’s Upstream On Demand platform. An integrated suite of cloud-first SaaS applications, Upstream On Demand leverages decades of domain expertise with the speed, power and cost-savings potential of modern SaaS technologies. The conference will focus heavily on how, on the heels on announcing its acquisition of Landdox, Quorum plans to leverage its leading-edge architecture to drive efficiencies and deliver innovation to customers across upstream energy.

As the leading innovator in cloud-first land technology, Landdox will enable Quorum to empower energy companies to reimagine land management for the future. It will become the foundation for the next phase of Land On Demand, the cornerstone application for Quorum’s Upstream On Demand suite. As a result, current Landdox customers, who will have a presence at Qnect On Demand, will see increased investment in the product they have grown to love.

The combined strengths of Quorum and Landdox offer numerous benefits to customers including:

• Speed of Innovation: Cloud-native technology automates the software delivery process from concept to deployment, accelerating the speed and adoption of innovation in today’s rapidly changing world.
• Adaptable Business Processes: Self-service tools such as customizable templates, user-defined provision and obligation tracking, and the ability to model any agreement or asset at scale, make it easy to configure processes and adapt to the changing needs of the business.
• Open Software Integration: A secure API can be activated in minutes, without IT overhead or ongoing support, for integration across Quorum Upstream On Demand applications and with third-party systems.

Virtual conference sessions span four content tracks including Accounting, Land Management, Operations and Technology, and will be led by subject matter experts from Quorum and beyond. A sampling of sessions from the Qnect On Demand agenda includes:

• Competitive Intelligence: Three Transformations – Steve Cooper, VP of Data Management, Quorum Software
  An introduction to Quorum’s Competitive Analysis platform and the three critical transformations it delivers including rapid search and advanced data visualization, sophisticated spatial functionality and next generation data quality.
• Quorum’s Strategic Roadmap for Land – DJ Pryor, Senior Product Manager, Quorum Software
  A look at the long-term vision for land management that combines deep industry DNA and leading-edge architecture.
• On Demand Integration – Anton Petrosyan, Products Director, and Dan Wingerson, Program Manager, Quorum Software
  A look into how the single publisher model will permit establishing a common source key for master data without significantly disrupting the master data maintenance processes.

Qnect On Demand offers opportunities to earn continuing education credits from industry organizations, including National Association of State Boards of Accountancy (NASBA), American Institute of Certified Public Accountants (AICPA), National Association of Lease and Title Analysts (NALTA) and American Association of Professional Landmen (AAPL). Sponsors of the event include Baker Tilly, Castex, Enverus, Horn Solutions, Robert Todd Graves, Steptoe & Johnson, The Resource Group, Weaver, Western Land Services and Whitley Penn.

Instead of charging a registration fee, Quorum is accepting donations to the Cystic Fibrosis Foundation. Cystic Fibrosis (CF) is a rare genetic disease found in about 30,000 people in the U.S. It is a chronic illness that affects the lungs, pancreas, and other organs. The mission of the CF Foundation is to cure cystic fibrosis and to provide all people with CF the opportunity to lead long, fulfilling lives by funding research and drug development, partnering with the CF community, and advancing high-quality, specialized care.

About Quorum Software

Quorum Software offers an industry-leading portfolio of finance, operations, and accounting solutions that empower our customers to streamline operations that drive growth and profitability across the energy value chain. From supermajors to startups, from the wellhead to the city gate, energy businesses rely on Quorum. Designed for digital transformation, the myQuorum software platform delivers open standards, mobile-first design and cloud technologies to drive innovation. We’re helping visionary leaders transform their companies into modern energy workplaces. For more information, visit www.quorumsoftware.com.

Jenna Billings
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978-618-8424

NEW YORK--(BUSINESS WIRE)--$PLL #Lithium--Piedmont Lithium Limited (“Piedmont” or the “Company”) (Nasdaq:PLL; ASX:PLL) today announced that it plans to conduct a U.S. public offering, subject to market and other conditions, of 1.5 million of its American Depositary Shares (“ADSs”), with each ADS representing 100 of its ordinary shares (“Public Offering”).

Evercore ISI, Canaccord Genuity and ThinkEquity, a division of Fordham Financial Management, Inc., are acting as joint book-runners and lead underwriters for the Public Offering. Piedmont intends to grant the underwriters a 30-day option to purchase up to 225,000 additional ADSs at the issue price of the Public Offering.

Proceeds from the offering will be used to continue development of the Company’s Piedmont Lithium Project, including a definitive feasibility study, testwork, permitting, further exploration drilling and ongoing land consolidation, and for general corporate purposes.

The Public Offering is being made pursuant to an effective shelf registration statement that has been filed with the U.S. Securities and Exchange Commission (the “SEC”). A preliminary prospectus supplement related to the offering of the ADSs has been filed with the SEC and is available on the SEC’s website at http://www.sec.gov and on the ASX website. Copies of the preliminary prospectus supplement and the accompanying prospectus relating to the Public Offering may be obtained from Evercore Group L.L.C., Attention: Equity Capital Markets, 55 East 52nd Street, 35th Floor, New York, NY 10055, by telephone at (888) 474-0200 or by e-mail at This email address is being protected from spambots. You need JavaScript enabled to view it.; Canaccord Genuity LLC, 99 High Street, Suite 1200, Boston, Massachusetts 02110, Attn: Syndicate Department, by telephone at (671) 371-3900 or email at This email address is being protected from spambots. You need JavaScript enabled to view it.; and ThinkEquity, a division of Fordham Financial Management, Inc., Prospectus Department, 17 State Street, 22nd Floor, New York, New York 10004, telephone at (877) 436-3673 or e-mail at This email address is being protected from spambots. You need JavaScript enabled to view it..

This press release is not an offer or sale of the securities in the United States or in any other jurisdiction where such offer or sale is prohibited, and such securities may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act of 1933, as amended.

Forward-Looking Statements

This press release contains “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. In some cases, you can identify forward-looking statements by terms such as “may,” “might,” “will,” “objective,” “intend,” “should,” “could,” “can,” “would,” “expect,” “believe,” “design,” “estimate,” “predict,” “potential,” “plan” or the negative of these terms and similar expressions intended to identify forward-looking statements. Piedmont cautions readers that forward-looking statements are based on management’s expectations and assumptions as of the date of this news release and are subject to certain risks and uncertainties that could cause actual results to differ materially, including, but not limited to, risks related to whether the Company will offer the ADSs or consummate the offering of the ADSs on the expected terms, or at all; the anticipated use of the net proceeds of the offering; the fact that the Company’s management will have broad discretion in the use of the proceeds from any sale of the ADSs; the Company’s operations being further disrupted by, or the Company’s financial results being adversely affected by, the novel coronavirus pandemic; the Company’s limited operating history in the lithium industry; the Company’s status as an exploration stage company; the Company’s ability to identify lithium mineralization and achieve commercial lithium mining; mining, exploration and mine construction, if warranted, on the Company’s properties; the Company’s ability to achieve and maintain profitability and to develop positive cash flow from the Company’s mining activities; the Company’s ability to enter into and deliver product under supply agreements; investment risk and operational costs associated with the Company’s exploration activities; the Company’s ability to enter into and deliver product under supply agreements; the Company’s ability to access capital and the financial markets; recruiting, training and maintaining employees; possible defects in title of the Company’s properties; potential conflicts of interest of the Company’s directors and officers; compliance with government regulations; the Company’s ability to acquire necessary mining licenses, permits or access rights; environmental liabilities and reclamation costs; volatility in lithium prices or demand for lithium; the Company’s ADS price and trading volume volatility; risks relating to the development of an active trading market for the ADSs; ADS holders not having certain shareholder rights; ADS holders not receiving certain distributions; and the Company’s status as a foreign private issuer and emerging growth company. Forward-looking statements reflect its analysis only on their stated date, and Piedmont undertakes no obligation to update or revise these statements except as may be required by law.

About Piedmont

Piedmont holds a 100% interest in the Piedmont Lithium Project located within the Carolina Tin-Spodumene Belt (“TSB”) and along trend to the Hallman Beam and Kings Mountain mines, historically providing most of the western world’s lithium between the 1950s and the 1980s. The TSB has been described as one of the largest lithium provinces in the world and is located approximately 25 miles west of Charlotte, North Carolina. It is a premier location for development of an integrated lithium business based on its favorable geology and easy access to infrastructure, power, R&D centers for lithium and battery storage, major high-tech population centers and downstream lithium processing facilities.

Keith Phillips
President & CEO
T: +1 973 809 0505
E: This email address is being protected from spambots. You need JavaScript enabled to view it.

Tim McKenna
Investor and Government Relations
T: +1 732 331 6457
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Largest In-water Boat Show Pulls Into Port Oct. 28 - Nov. 1 with Enhanced Health & Safety Measures, Additional Entrances, Increased Dock Sizes and more than 20 Exciting Yacht and New Boat Debuts

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Representing the only major marine event to take place in the U.S. since April, the 61^ST Annual Fort Lauderdale International Boat Show (FLIBS) is making its way to the “Yachting Capital of the World,” with changes for a better and safer event experience, Oct. 28 to Nov. 1. Produced by Informa Markets and owned by the Marine Industries Association of South Florida, FLIBS features the largest display of boats and new models and the latest in marine technology and accessories. The five-day outdoor show spans nearly 90 acres across multiple outdoor sites and will unveil more than 20 of the year’s most anticipated debuts, ranging from luxury yachts and motor yachts to sport fish, center consoles and express cruisers.

Here’s a look at what visitors can expect at this year’s Fort Lauderdale International Boat Show:

• Show Enhancements, Additional Entrances + Increased Dock Sizes – Recognized as the pinnacle of all nautical exhibitions, FLIBS spans nearly 90 acres now accessible by 13 show entrances, making it easier than ever to safely navigate through the show. FLIBS is also increasing its six miles of floating docks to widths up to 30 feet along the face dock, allowing plenty of roomy walking space for a smooth and safe flow of traffic. Additionally, the show has added multiple mouth-watering concession locations including on-water cafes and food and beverage enjoyment gardens.

• AllSecure Health & Safety Standards – As a result of the COVID-19 pandemic, FLIBS will be organized in accordance with Informa Markets’ newly enhanced AllSecure health and safety standards, as well as all official government and local authority guidance and regulations. With the new AllSecure standards in place, FLIBS will follow the GBAC (Global Biorisk Advisory Council) standards for enhanced cleaning, including undergoing deep cleaning before, during, and after each day’s events to ensure the highest standards of hygiene and cleanliness. All attendees can expect a contactless ticketing system and thermo imaging systems for temperature checks taken at all entrances. Additional measures on cleaning and hygiene, physical distancing, protect and detect, and communication will also be implemented and required. For full details, or to download a complete guide of Informa’s AllSecure health and safety guidelines, visit https://www.flibs.com/en/attend/COVID-19.html.

• Know Before You Go Safety Videos – Continuing its commitment to produce a safe, hygienic, productive and high quality event experience, organizers of FLIBS have produced two informative Know Before You Go safety videos outlining some of the major changes visitors can expect at this year’s show. Be sure to check out these videos available HERE.

• Transportation – To maintain social distancing, FLIBS has added more shuttle buses and water taxi services to transport guests safely around the show, while providing social distance seating between riders. Both forms of transportation will adhere to the new safety and health guidelines of the show, undergoing deep cleaning before guests board. Guests will have their temperature checked before water taxis rides and have their show tickets scanned, all in a contactless manner.

• New Debuts – This year’s show will feature exciting new yacht debuts from some of the world’s most recognized manufacturers, including Mangusta’s GranSport 33, Azimut’s Magellano 25 Metri, and the world debut of MonteCarlo Yachts 76 Skylounge, Viking Yachts’ 54 Convertible, Intrepid Yachts 409 Valor, Solace Boats 41CS Center Console, and three models by Ocean Alexander – the 27 Explorer, the 32 Legend and the 36 Legend –among many others.

• Windward VIP Club – Sponsored by Swiss luxury watchmaker, Ulysse Nardin, the Official Timekeeper of FLIBS and Douglas Elliman Real Estate, the Windward VIP Club is an annual highlight and is located on the main facedock in the heart of the show. The Windward VIP Club will take over the Bahia Mar’s Captain’s Lounge with outdoor terraces for shore and water views to enjoy the luxury of the premium open bar, featuring Whitehaven wine, the Official White Wine of FLIBS and gourmet food offerings. New perks that are sure to elevate the exclusive Windward VIP experience this year include extended show hours starting at 8 am and a concierge for booking appointments with manufacturers and yacht brokers. Availability is limited with day-of ticketing available for purchase.

• Kids Fishing Clinics + AquaZone – Conducted by Captain Don Dingman and presented by the non-profit, Hook The Future, kids ages 4-16 are invited to join the Kids Fishing Clinics taking place on Saturday, Oct. 31 at 12 pm and 2 pm, and on Sunday, Nov. 1 at 1 pm and 3 pm, at the south gate entrance of Bahia Mar. Additionally, returning for its eighth year, is the world famous AquaZone (located in-water between the F Dock and G Dock), an exciting and engaging attraction designed to give boat show-goers an upfront and personal experience with a variety of water sports and innovative marine products.

• Frontline Heroes Complimentary Entry – FLIBS invites all Frontline Heroes from Miami-Dade, Broward and Palm Beach County to experience the show for FREE by showing their official ID at the show entrance for a digital ticket or emailing This email address is being protected from spambots. You need JavaScript enabled to view it. in advance. Acceptable forms of ID for admittance are: Hospital ID, Firefighter, First responder badge (Police, Fire/Rescue, BSO, Emergency Medical Technicians (EMTs), and paramedics). Offer is valid Thursday - Saturday 4 – 7 pm and Sunday all day with Family Day.

• Feeding South Florida Partnership – The official charity partner of the show, FLIBS will be donating all unused food (ExtraHelpings) to Feeding South Florida, as well as providing complimentary exhibition space (booth #24 in the main entrance tent) and a donation link on FLIBS.com to help raise awareness about the extraordinary need in the community.

FLIBS is a major economic driver benefitting the marine industry, the city of Fort Lauderdale, and the state of Florida with a total statewide economic impact of $1.3 billion as a result of last year’s show and over $714 million in product sold over the five-day event. More than 8,000 full-time jobs were associated with the show in 2019.

Tickets must be pre-purchased in advance on FLIBS.com. For additional information on tickets, hospitality packages and parking details, please visit the website at www.FLIBS.com.

For images and press materials, contact This email address is being protected from spambots. You need JavaScript enabled to view it. or access the 2020 Fort Lauderdale International Boat Show Digital Press Kit.

About The Fort Lauderdale International Boat Show

The 61st annual Fort Lauderdale International Boat Show will be held October 28 – Nov. 1, 2020 in the Yachting Capital of the World. Owned by the Marine Industries Association of South Florida (MIASF) and produced by Informa Markets, the Fort Lauderdale International Boat Show (FLIBS) is recognized as the largest in-water boat show in the world and is sponsored in part by Lexus, the Official Automotive of FLIBS, Swiss luxury watchmaker, Ulysse Nardin, the Official Timekeeper of FLIBS, Douglas Elliman Real Estate and Whitehaven wine, the Official White Wine of FLIBS. FLIBS spans nearly 90 acres across three million square-feet of exhibit space that is connected by an intricate network of water and ground transportation services. The five-day show attracted over 100,000 attendees and 1,000 exhibitors representing 52 countries with more than 1,300 boats on display in 2019. For more information, visit FLIBS.com.

Cindi Perantoni
Laura Acker
Kreps DeMaria
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LONDON--(BUSINESS WIRE)--#GlobalOffshoreOilandGasSeismicEquipmentandAcquisitionsMarket--The offshore oil and gas Seismic equipment and acquisitions market is poised to grow by USD 1.39 billion during 2020-2024 progressing at a CAGR of over 7 % during the forecast period.

The report on the offshore oil and gas Seismic equipment and acquisitions market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis.

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 rise in deepwater and ultra-deepwater E&P projects

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Download Free Sample Report on COVID-19 Recovery Analysis

The offshore oil and gas seismic equipment and acquisitions market analysis includes the technology segment and geographic landscapes. This study identifies the increasing adoption of 4D seismic survey technology as one of the prime reasons driving the offshore oil and gas Seismic equipment and acquisitions market growth during the next few years.

This report 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.

The offshore oil and gas Seismic equipment and acquisitions market covers the following areas:

• Offshore Oil and Gas Seismic Equipment and Acquisitions Market Sizing
• Offshore Oil and Gas Seismic Equipment and Acquisitions Market Forecast
• Offshore Oil and Gas Seismic Equipment and Acquisitions Market Industry Analysis

Companies Mentioned

• Arabian Geophysical and Surveying Co.
• Fugro NV
• ION Geophysical Corp.
• Mitcham Industries Inc.
• PGS ASA
• Polarcus Ltd.
• SAExploration Holdings Inc.
• SeaBird Exploration Plc
• Shearwater GeoServices Holdings AS
• TGS-NOPEC Geophysical Co. ASA

Key Topics Covered:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

• Preface
• Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

• Market ecosystem
• Market characteristics
• Value chain analysis
• Market segmentation analysis

PART 04: MARKET SIZING

• Market definition
• Market sizing 2019
• Market outlook
• Market size and forecast 2019-2024

PART 05: FIVE FORCES ANALYSIS

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

PART 06: MARKET SEGMENTATION BY TECHNOLOGY

• Market segmentation by technology
• Comparison by technology
• 3D seismic survey - Market size and forecast 2019-2024
• 2D seismic survey - Market size and forecast 2019-2024
• 4D seismic survey - Market size and forecast 2019-2024
• Market opportunity by technology

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

• Geographic segmentation
• Geographic comparison
• Europe - Market size and forecast 2019-2024
• APAC - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• North America - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

• Market drivers
• Market challenges

PART 11: MARKET TRENDS

• Increasing adoption of 4D seismic survey technology
• Emergence of seismic-while-drilling technology
• Increasing demand for digital oilfields

PART 12: VENDOR LANDSCAPE

• Overview
• Landscape disruption
• Competitive scenario

PART 13: VENDOR ANALYSIS

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Arabian Geophysical and Surveying Co.
• Fugro NV
• ION Geophysical Corp.
• Mitcham Industries Inc.
• PGS ASA
• Polarcus Ltd.
• SAExploration Holdings Inc.
• SeaBird Exploration Plc
• Shearwater GeoServices Holdings AS
• TGS-NOPEC Geophysical Co. ASA

PART 14: APPENDIX

• Research methodology
• List of abbreviations
• Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.technavio.com/

HOUSTON--(BUSINESS WIRE)--#energymarketing--Brookfield Renewable Ireland has selected PCI’s Enterprise Platform for management of its energy billing requirements in the Irish power market.

As part of its agreement with Brookfield Renewable Ireland, PCI will deploy its specifically tailored, cloud-based, integrated platform that incorporates the PCI Billing Solution, and a breadth of capabilities including:

• Management of complex bilateral contracts, such as power purchase agreements (PPA)
• Contract settlements calculation engine to perform settlement allocation based on specific business rules
• Interfaces with upstream and downstream systems
• Comprehensive auditability with all data versions and updates stored for auditing requirements
• Extensive workflow automation for invoice creation and management
• Data extraction, reporting and drill-down capabilities
• Platform extension to support Brookfield Renewable Ireland’s customer portal

Chief Commercial Officer at Brookfield Renewable Ireland, Ciaran O'Brien noted, “To support our business expansion, we needed a scalable and proven software platform. After extensive international evaluation, we selected PCI to be our long-term technology partner based on their expertise and unique solution offering, which aligned with our objective to provide best-in-class, connected, customer-centric solutions.”

“PCI is pleased to be partnering with Brookfield Renewable Ireland and is looking forward to creating value for their business operations with our time-tested, scalable cloud platform, and unparallel 24x7 customer support,” said PCI Vice President, Shailesh Mishra. “With this opportunity, PCI will further expand its global customer-base and views Ireland as a strategic growth market.”

The PCI Platform offers unmatched functionality for renewable energy players to optimize their portfolios, including co-optimization of Energy Storage Systems (ESS) in wholesale power markets. PCI works with numerous renewable energy providers throughout the world, including, RWE Renewables, Iberdrola, Acciona, and BHE Renewables.

About Brookfield Renewable

Brookfield Renewable operates one of the world’s largest publicly traded, pure-play renewable power platforms. Our portfolio consists of hydroelectric, wind, solar and storage facilities in North America, South America, Europe and Asia, and totals over 19,000 megawatts of installed capacity and a 15,000-megawatt development pipeline. Brookfield Renewable’s Irish wind portfolio is a fully integrated development, operations and clean energy solutions business with 365 MW of operating capacity and a significant onshore wind development pipeline. Further information is available at www.brookfield.com/our-businesses/renewable-power

About Power Costs, Inc. (PCI)

PCI is the leading provider of energy trading software, superior customer support and value-added services for energy companies worldwide. Founded in 1992, PCI continues to refine and develop new software solutions that meet the ever-evolving needs of its clients which include renewable energy companies, investor-owned, municipal and cooperative utilities, energy marketers and traders, as well as independent power producers. More than half of all the power generated in the North America is optimized using the PCI Platform and over 60% of the Fortune 500 Energy and Utility firms in the U.S. are PCI clients. The firm is privately held and based in Norman (OK) with offices in Houston (TX), Raleigh (NC) and Mexico City. To learn more about PCI, please visit www.powercosts.com.

Stuart Wright
Power Costs, Inc. (PCI)
303-917-3565
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LONDON, PARIS & HOUSTON--(BUSINESS WIRE)--TechnipFMC (NYSE:FTI) (Paris:FTI) (ISIN:GB00BDSFG982) has been awarded a significant⁽¹⁾ Engineering, Procurement, Construction and Installation contract by Equinor for the Breidablikk Pipelay, including option for the Subsea Installation scope located in the area close to the Grane Field, North Sea.

The Breidablikk project is a tie-back to the existing Grane platform. TechnipFMC’s scope includes provision of flexible jumpers and rigid pipelines as well as pipeline installation work.

Jonathan Landes, President Subsea at TechnipFMC, commented: “We have collaborated closely with Equinor in order to optimize the solutions and methodology for the pipelay installation. We are honored to once again be selected by Equinor to create value with our products and services offering.”

The Breidablikk development is subject to final approval by the Norwegian authorities.

(1) For TechnipFMC, a “significant” contract ranges between $75 million and $250 million.

Note: this inbound order was included in the Company’s first half financial results.

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. The words “believe”, “estimated” and other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. Such forward-looking statements involve significant risks, uncertainties and assumptions that could cause actual results to differ materially from our historical experience and our present expectations or projections. For information regarding known material factors that could cause actual results to differ from projected results, please see our risk factors set forth in our filings with the United States Securities and Exchange Commission, which include our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. We caution you not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any of our forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise, except to the extent required by law.

About TechnipFMC

TechnipFMC is a global leader in the energy industry; delivering projects, products, technologies and services. With our proprietary technologies and production systems, integrated expertise, and comprehensive solutions, we are transforming our customers’ project economics.

Organized in three business segments — Subsea, Surface Technologies and Technip Energies — we are uniquely positioned to deliver greater efficiency across project lifecycles from concept to project delivery and beyond. Through innovative technologies and improved efficiencies, our offering unlocks new possibilities for our customers in developing their energy resources and in their positioning to meet the energy transition challenge.

Each of our approximately 37,000 employees is driven by a steady commitment to clients and a culture of project execution, purposeful innovation, challenging industry conventions, and rethinking how the best results are achieved.

TechnipFMC utilizes its website www.TechnipFMC.com as a channel of distribution of material company information. To learn more about us and how we are enhancing the performance of the world’s energy industry, go to www.TechnipFMC.com and follow us on Twitter @TechnipFMC.

Investor relations

Matt Seinsheimer
Vice President Investor Relations
Tel: +1 281 260 3665
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Phillip Lindsay
Director Investor Relations (Europe)
Tel: +44 (0) 20 3429 3929
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Media relations

Christophe Bélorgeot
Senior Vice President Corporate Engagement
Tel: +33 1 47 78 39 92
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Brooke Robertson
Public Relations Director
Tel: +1 281 591 4108
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WESTLAKE, Ohio--(BUSINESS WIRE)--TravelCenters of America Inc., (Nasdaq: TA) nationwide operator of the TA, Petro Stopping Centers and TA Express travel center network, has teamed up with Mobil Delvac heavy-duty diesel engine oil to donate $50,000 to Folds of Honor, an organization providing educational scholarships to the spouses and children of America’s fallen and disabled service members. This is the fourth year in a row TA and Mobil Delvac diesel engine oil have come together to support the organization on behalf of its customers, and as a thank you for their loyalty.

Since launching in 2007, Folds of Honor has awarded nearly 28,000 educational scholarships to the families of these American heroes. There are more than 1 million disabled and fallen service members and nearly 2 million dependents of military heroes adversely affected by war.

“The mission of Folds of Honor portrays perfectly our appreciation for Veterans and our desire to educate the leaders of tomorrow. We want to honor Veterans’ sacrifice and educate their legacy,” said Barry Richards, president of TA.

“Veterans sacrifice so much in service to our country and we are proud to honor them by supporting scholarships that will aid their families and improve their lives through education,” added Kristine Amy, Mobil Delvac USA commercial brand manager.

To date, TA and Mobil Delvac heavy-duty diesel engine oil have donated a total of $200,000 to Folds of Honor.

About TravelCenters of America
TravelCenters of America Inc. (Nasdaq: TA) is the nation's largest publicly traded full-service travel center network. Founded in 1972 and headquartered in Westlake, Ohio, its more than 20,000 employees serve customers in over 270 locations in 44 states and Canada, principally under the TA®, Petro Stopping Centers® and TA Express® brands. Offerings include diesel and gasoline fuel, truck maintenance and repair, full-service and quick-service restaurants, convenience stores, car and truck parking and other services and amenities dedicated to providing great experiences for professional drivers and the general motoring public. TravelCenters of America operates nearly 650 full-service and quick-service restaurants and 10 proprietary brands, including Quaker Steak and Lube®, Iron Skillet® and Country Pride®. For more information, visit www.ta-petro.com.

About Folds of Honor
Folds of Honor is a 501(C)(3) nonprofit organization that provides educational scholarships to families of military men and women who have fallen or been disabled while on active duty in the United States Armed Forces. Our educational scholarships support private education tuition and tutoring for children in grades K-12, as well as higher education tuition assistance for spouses and dependents. Founded in 2007 by Lt. Col. Dan Rooney, a PGA Member and F-16 fighter pilot currently stationed at Eglin AFB Florida as a member of 301st Fighter Squadron who served three tours of duty in Iraq. Folds of Honor is proud to have awarded more than 28,000 scholarships in all 50 states, as well as Guam, Puerto Rico and the Virgin Islands. For more information or to donate in support of a Folds of Honor scholarship, visit foldsofhonor.org

Tina Arundel
TravelCenters of America
216-389-3028
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LONDON--(BUSINESS WIRE)--#GlobalSecondaryBatteryRecyclingMarket--The global secondary battery recycling market size is poised to grow by USD 5.00 billion during 2020-2024, progressing at a CAGR of almost 7% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

The secondary battery recycling market is driven by the self-sustainability of battery raw materials. The reserves for raw materials required for manufacturing secondary batteries such as natural graphite, manganese, and nickel are highly concentrated in few countries. The high production rates of countries, such as China and South Africa provide them control over the global market, making other countries heavily dependent on these countries for the supply of raw materials. Therefore, to decrease the dependency on other countries, promoting the recycling of used secondary batteries remains the best option for countries with high battery consumption. Therefore, to decrease the dependency on other countries, promoting the recycling of used secondary batteries remains the best option for countries with high battery consumption.

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Report Highlights:

• The major secondary battery recycling market growth came from the lead-acid battery segment, and is expected to witness the fastest growth during the next five years. This is primarily because of its mature technology.
• APAC was the largest secondary battery recycling market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. This is attributed to factors such as the high consumption of batteries in the consumer electronics, automotive, and energy storage segments and the rising environmental concerns.
• The global secondary battery recycling market is fragmented. Accurec Recycling GmbH, Battery Solutions LLC, Call2Recycle Inc., East Penn Manufacturing Co. Inc., EnerSys, Exide Industries Ltd., Exide Technologies, Gravita India Ltd., Johnson Controls International Plc, and Umicore are some of the major market participants. To help clients improve their market position, this secondary battery recycling market forecast report provides a detailed analysis of the market leaders.
• As the business impact of COVID-19 spreads, the secondary battery recycling market 2020-2024 is expected to have negative growth. As the pandemic spreads in some regions and plateaus in other regions, we revaluate the impact on businesses and update our report forecasts.

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Rising Stewardship Collaboration for Battery Recycling will be a Key Market Trend

Recycling used-batteries is becoming a critical need owing to the depleting metal reserves and their adverse impact on the environment. Along with the government, the stakeholders are required to collaborate and contribute toward the recycling of the batteries. One such trend is stewardship, which is receiving significant traction in the global secondary battery recycling market. The stewardship collaboration programs bring the government, battery manufacturers, businesses, public agencies, and the consumers on the same platform, and all of them would be equally responsible for the end-of-life management of the batteries.

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Secondary Battery Recycling Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist secondary battery recycling market growth during the next five years
• Estimation of the secondary battery recycling market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the secondary battery recycling market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of secondary battery recycling market vendors

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Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five forces summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Type

• Market segments
• Comparison by Type
• Lead-acid battery - Market size and forecast 2019-2024
• Li-ion battery - Market size and forecast 2019-2024
• Others - Market size and forecast 2019-2024
• Market opportunity by Type

Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• North America - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Accurec Recycling GmbH
• Battery Solutions LLC
• Call2Recycle Inc.
• East Penn Manufacturing Co. Inc.
• EnerSys
• Exide Industries Ltd.
• Exide Technologies
• Gravita India Ltd.
• Johnson Controls International Plc
• Umicore

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
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Website: www.technavio.com/

LONDON--(BUSINESS WIRE)--#GlobalWasteHeatRecoveryMarket--The global waste heat recovery market is expected to grow by USD 11.31 billion as per Technavio. This marks a significant market slow down compared to the 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. However, healthy growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of over 4%. Request Free Sample Report on COVID-19 Impacts

Read the 120-page report with TOC on "Waste Heat Recovery Market Analysis Report by End-user (Chemical, Petroleum refining, Paper, Commercial and institutional, Food and beverages, Metal, and Other end-users), Geography (North America, Europe, APAC, MEA, and South America), and the Segment Forecasts, 2020-2024".

https://www.technavio.com/report/waste-heat-recovery-market-industry-analysis

The market is driven by the increasing focus on reducing carbon footprint. In addition, the emergence of advanced technologies for waste heat recovery is anticipated to boost the growth of the waste heat recovery market.

GHGs emitted by manufacturing facilities, power stations, and oil refineries are leaving a huge carbon footprint and causing serious environmental impacts. Hence, many countries across the world have adopted various regulations to cut down GHG emissions and reduce carbon footprint. This has increased the adoption of waste heat recovery systems to recirculate the heat generated for various industrial applications such as generating electricity. This will help companies save energy, reduce GHG emissions, and comply with various regulations. Therefore, the increasing focus on reducing carbon footprint will fuel the growth of the global waste heat recovery market during the forecast period.

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Major Five Waste Heat Recovery Companies:

ABB Ltd.

ABB Ltd. operates its business through segments such as Electrification, Industrial Automation, Motion, Robotics & Discrete Automation, and Corporate and Other. The company offers waste heat recovery systems for use in the shipbuilding industry. These systems are designed for installation on large marine containers and bulk vessels.

Alfa Laval AB

Alfa Laval AB operates its business through segments such as Energy, Food & Water, Marine, Greenhouse, and Operations & Other. The company offers exhaust gas waste heat recovery systems.

Clean Energy Technologies Inc.

Clean Energy Technologies Inc. operates its business through segments such as Clean Energy HRS, Cety Europe, and Legacy electronic manufacturing services. The company offers Clean Cycle II ORC heat recovery generator. It uses patented magnetic bearing turbine technology to capture wasted heat from industrial manufacturing, waste processing, and power generation facilities and convert it into electricity that can be used or sold back to the grid.

GEA Group Aktiengesellschaft

GEA Group Aktiengesellschaft operates its business through segments such as BA Equipment and BA Solutions. The company offers energy recovery unit which features GEA Emission Control technology.

General Electric Co.

General Electric Co. operates its business through segments such as Power, Renewable energy, Aviation, and Healthcare. The company offers controlled flue gas cooling and waste heat exchanger solutions.

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Waste Heat Recovery Market End-user Outlook (Revenue, USD bn, 2020-2024)

• Chemical. Petroleum refining
• Paper
• Commercial and institutional
• Food and beverages
• Metal
• Other end-users

Waste Heat Recovery Market Geography Outlook (Revenue, USD bn, 2020-2024)

• North America
• Europe
• APAC
• MEA
• South America

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Related Reports on Industrials Include:

Global Geothermal Heat Pump Market – Global heat pump market by end-user (residential and non-residential) and geography (APAC, Europe, MEA, North America, and South America).

Global Heat Pipes Market – Global heat pipes market by end-user (aerospace and defense, automotive, food and beverage, and others) and geography (APAC, Europe, North America, South America, and MEA).

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.technavio.com/

LONDON--(BUSINESS WIRE)--#GlobalSmartGridCommunicationsMarket--The global smart grid communications market size is poised to grow by USD 1.65 billion during 2020-2024, progressing at a CAGR of almost 11% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

The smart grid communications market is driven by the rise in the installation of smart energy meters. The installation of smart energy meters is growing rapidly to facilitate two-way communication between utilities and consumers. Moreover, smart energy meters also record and report usage of data which allows customers to make informed decisions based on real-time power consumption. These factors will result in high demand for smart grid communication as smart energy metering solutions are an integral part of this system and support the overall objective of managing the power grid. The installation of smart meters is thus the primary step towards the full-scale deployment of smart grids. The increased installation of smart energy meters has led to the generation of huge volumes of meter data, which will boost the need for smart grid communications.

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Report Highlights:

• The major smart grid communications market growth came from the WAN segment, and is expected to witness the fastest growth during the next five years. This is primarily because of the growing number of smart grid projects across regions and the rising demand for increased bandwidth and flexibility and reduced infrastructure complexity.
• APAC was the largest smart grid communications market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. This is attributed to factors such as the increasing government initiatives and smart grid implementation projects in countries such as China, Australia, South Korea, India, and Japan.
• The global smart grid communications market is fragmented. ABB Ltd., Cisco Systems Inc., Eaton Corporation Plc, Fujitsu Ltd., General Electric Co., Honeywell International Inc., Siemens AG, S&C Electric Co., Schneider Electric SE, and Xylem Inc. are some of the major market participants. To help clients improve their market position, this smart grid communications market forecast report provides a detailed analysis of the market leaders.
• As the business impact of COVID-19 spreads, the global smart grid communications market 2020-2024 is expected to have positive growth. As the pandemic spreads in some regions and plateaus in other regions, we revaluate the impact on businesses and update our report forecasts.

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Integration of Renewable Energy Sources into Smart Grids will be a Key Market Trend

Several developed and emerging economies globally are attempting to diversify their energy sources to reduce their dependence on fossil fuel. This is done by increasing renewable energy in their energy supply mix. Moreover, the integration of renewable energy sources into smart grid communications can also be attributed to the rise in environmental concerns and losses in the existing electricity grid. The smart grid communications incorporated with renewable energy sources are well-equipped to handle the intermittent power supply, which will result in its high adoption among various end-users.

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report

Smart Grid Communications Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist smart grid communications market growth during the next five years
• Estimation of the smart grid communications market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the smart grid communications market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of smart grid communications market vendors

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View market snapshot before purchasing

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019-2024

Five Forces Analysis

• Five Forces Summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Solution

• Market segments
• Comparison by Solution
• WAN - Market size and forecast 2019-2024
• FAN - Market size and forecast 2019-2024
• HAN - Market size and forecast 2019-2024
• Market opportunity by Solution

Customer landscape

• Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2019-2024
• North America - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography
• Volume drivers – Demand led growth
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• ABB Ltd.
• Cisco Systems Inc.
• Eaton Corporation Plc
• Fujitsu Ltd.
• General Electric Co.
• Honeywell International Inc.
• Siemens AG
• S&C Electric Co.
• Schneider Electric SE
• Xylem Inc.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.technavio.com/

Company’s software and project expertise enables expedited timeline and on-time start for new BP-operated platform

AUSTIN, Texas--(BUSINESS WIRE)--Emerson (NYSE: EMR) has been awarded a $14 million contract to provide automation technologies for the new Azeri Central East offshore platform in the Caspian Sea, the latest development in the Azeri-Chirag-Deepwater Gunashli oilfield. Emerson will serve as the main automation contractor, providing its Project Certainty methodologies and digital technologies that transform capital project execution to help BP bring this fast-track project onstream in 2023.

Digital twin solutions and cloud engineering services, part of Emerson’s Project Certainty methodologies, will help accelerate project execution. Emerson’s digital twin solution enables virtual testing and system integration while the platform is being built and provides a simulated environment for platform operators to train, helping ensure a safe, smooth start-up and ongoing operational excellence. Cloud engineering reduces engineering costs and time by enabling global teams to collaborate and engineer in parallel regardless of location.

Emerson will apply its portfolio of automation software and services to help BP achieve greater production and safe operations. This includes Emerson’s DeltaV™ automation system that controls critical safety functions in addition to wellhead production, drilling and the transfer of oil and gas to the onshore Sangachal Terminal.

Automation technologies also anticipate safety risks and enable remote monitoring, which reduces exposure of people and extends intervals between major maintenance turnarounds. Wired and wireless networks will connect more than 1,000 Emerson measurement instruments to monitor pressure, flow, temperature and pipework corrosion. Emerson will also provide all critical control, emergency shutdown and isolation valves, connected by its digital positioning technology.

“This latest project builds on the successful collaboration between BP and Emerson on the West Chirag and Shah Deniz Stage 2 developments,” said Jim Nyquist, group president for Emerson’s systems and software business. “Our extensive experience helping organizations achieve capital project success has enabled us to become a trusted partner to digitally transform mega projects such Azeri Central East.”​​​​​​

Additional resources:

• Join the Emerson Automation Solutions Community
• Connect with Emerson Automation Solutions via Twitter Facebook LinkedIn YouTube

About Emerson

Emerson (NYSE: EMR), headquartered in St. Louis, Missouri (USA), is a global technology and engineering company providing innovative solutions for customers in industrial, commercial and residential markets. Our Automation Solutions business helps process, hybrid and discrete manufacturers maximize production, protect personnel and the environment while optimizing their energy and operating costs. Our Commercial & Residential Solutions business helps ensure human comfort and health, protect food quality and safety, advance energy efficiency and create sustainable infrastructure. For more information visit Emerson.com.

For Emerson
Denise Clarke
512-587-5879
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DUBLIN--(BUSINESS WIRE)--The "Smart Cities Market by Strategy, Technology, and Outlook for Solutions, Applications and Services 2020 - 2025" report has been added to ResearchAndMarkets.com's offering.

This report evaluates the smart cities market including leading vendors and strategies (such as a single vs. multi-vendor centric approach), infrastructure, solutions, applications, and services. The report analyzes market factors driving solution adoption, technology readiness and fitness for use, and other considerations.

The report assesses the aforementioned factors to derive penetration and revenue to forecast market value for the period of 2020 - 2025. The report also analyses the role of technology accelerating digital transformation including AI, edge processing, 5G deployment and usage, and advanced data analytics.

The majority of the world's population lives in an urban area and this is projected to grow to 71% by 2050. Global metropolitan areas are facing unprecedented challenges as the pace of urbanization is increasing at a pace that is testing the ability of city planners to meet the current and anticipated needs of its citizens. In addition, the enhanced mobility of modern society has created extreme competition between cities to attract skilled residents, corporations, and related jobs.

Smart cities represent a combination of solutions deployed in an urban environment to transform the administration and support of living and working environments to meet these challenges. Accordingly, Information and Communications Technologies (ICT) are transforming at a rapid rate, driven by urbanization, the industrialization of emerging economies, and the specific needs of various smart city initiatives. Smart city development is emerging as a focal point for growth drivers in several key ICT areas including AI, IoT, connected devices, broadband wireless, edge computing, and big data analytics.

Technological innovation is one of the driving factors for the development of cities. These innovations are also an important support for those searching for new ways to manage resources and deliver services. A lot of smart city technologies are being developed to manage specific issues in energy distribution, energy management, transportation management, and public safety. New generations of sensor networks, big data analytics, and IoT applications are being deployed in public and privately managed physical spaces to meet these requirements, though many challenges remain.

An important focus area for smart cities is technology infrastructure to enable smart utilities (smart grids, sanitation, water, and gas), smarter buildings, and workplaces. Systems and resources are intertwined as mobility, communications, energy, water, platforms, monitoring/control, performance management, predictability and forecasting all merge together. We see great synergy coming in public and corporate collaboration, but it will take up to twenty years to fully develop.

Major initiatives are beginning to make a substantial positive impact as critical milestones are achieved. This includes network and system interoperability, security and privacy controls, and technology integration. For the latter, one of the key areas that we see is the combination of AI and IoT forming "thinking" cities that rely upon the Artificial Intelligence of Things (AIoT). Industry verticals we see as early beneficiaries include utilities, public safety, and transportation. Specific AIoT-enhanced smart city solutions within these verticals are poised to improve the overall efficiency and operational effectiveness of delivery systems as well as human capital management.

Optimizing systems and services for the smart cities market will be an ongoing process. This is because developing a smart city represents an ongoing transformation process in which the correct environment for smart solutions to be efficiently accepted takes shape over a period of decades. Sustainable smart city technology deployments depend upon careful planning and execution as well as monitoring and adjustments as necessary.

For example, feature/functionality must be blended to work efficiently across many different industry verticals as smart city solutions address the needs of disparate market segments with multiple overlapping and sometimes mutually exclusive requirements. This will stimulate the need for both cross-industry coordination as well as orchestration of many different capabilities across several important technologies.

Target Audience:

• Municipality vendors
• AI and IoT companies
• Data analytics companies
• ICT infrastructure suppliers
• Communication service providers
• National, state and local government

Select Report Findings:

• AI, IoT, and 5G (AIoT5G) will be the most influential technologies for smart cities
• Smart transportation will be the top smart cities market application area through 2025
• Significant transportation solution areas include Freight, Traffic, Parking, and Passenger Management
• Fastest growing professional services for global smart cities is infrastructure maintenance, reaching $3.6B by 2025
• 5G, AI, and IoT investment in smart cities market represents 63%, 34%, and 52% for each technology area respectively by 2025

Select Report Benefits:

• Smart City forecasts 2020 - 2025
• Identify opportunities for ICT vendors
• Identify the market drivers for Smart Cities
• Understand the technologies supporting Smart Cities
• Understand the impact of smart cities on ICT evolution

Companies Mentioned

• 2020 Imaging
• ABB
• Accela
• Accenture
• Aclara
• Aclima
• Advantech
• Aeris Communications
• AGT International
• Airspan
• Airtel
• Alibaba
• Allegro
• Ally
• Alstom SA
• Altair Semiconductor
• Altran
• Alvarion
• Amazon
• Ambience Data
• AMCS
• AMD
• America Movil
• Amplia Soluciones SL
• Analog Devices Inc.
• Apple
• Appyparking
• Arista Networks Inc.
• ARM Holdings
• Ascom
• Asus
• AT&T
• Atos
• Autogrid
• Ayyeka
• Azavea
• Baidu Inc.
• Banyanwater
• Barbara IoT
• Bentley Systems
• Blackberry Ltd
• Blyncsy
• Bosch Software Innovations GmbH
• Breezometer
• Bridj
• Broadcom Corporation
• BT Group
• Calthorpe Analytics
• Capgemini
• Cavium Inc.
• China Mobile
• China Unicom
• Ciena Corporation
• CIMCON Lighting
• Cisco
• Citrix Systems
• Cityflo
• Citymapper
• Civicsmart
• Clarity Movement Co.
• Cobham Wireless
• Colt
• Compology
• Contus
• Cradlepoint
• Cubic Corporation
• CyanConnode
• Dassault Systems
• Delta Controls
• Dispatchr
• Double Map
• DOVU
• Elichens
• Emagin
• Emerson Electric Co
• Enel
• Energyworx
• Enevo
• ENGIE
• Ericsson
• Evopark
• EZparking
• Fathom
• Filament
• Flamencotech
• Flowlabs
• Fluentgrid
• GE
• Getmy Parking
• Google
• Gridcure
• HCL Technologies Ltd
• HFCL
• Hitachi
• Honeywell
• HPE
• Huawei
• IBM
• Infarm
• Inrix
• Inspira
• Intel
• Intelizon Energy
• Inventum Technologies
• Itron
• Johnson Controls
• Kapsch Group
• Koninklijke Philips NV
• KORE Wireless
• LG CNS
• Libelium
• Logic Ladder
• Mapillary
• Maven Systems
• Meter Feeder
• Metrotech
• Microsoft
• Mindteck
• Miovision
• Mobike
• Moovel
• Moovit
• NEC
• Neighborland
• Nokia
• Nordsense
• NTT DATA
• One Concern
• Oorja On Move
• Opendatasoft
• Opusone
• Oracle Corporation
• Panasonic
• Parkwhiz
• Passport
• Phoenix Robotix
• Plume Labs
• Proclivis Technology Solutions
• Purplewifi
• QInfra Solutions
• Qualcomm Incorporated
• Quality Theorem
• Rachio
• Remix
• Ridlr
• Rubicon
• SAP
• Schneider Electric SA
• Sentiance
• Siemens AG
• Sierra Wireless
• Sigfox
• Signify
• Soofa
• Spacetime Insight
• Spatial Labs, Inc.
• Spice Digital
• Spot Hero
• Stae
• Streetlight Data
• Swiftly
• Takadu
• Tantalum
• Telefonica
• Telensa
• Toshiba
• Tractebel
• Trafi
• Transit Labs
• Transit Screen
• Transloc
• Trilliant
• Understory
• UrbanFootprint
• Urbee
• Urbiotica (Spain)
• Utilidata
• Valor Water Analytics
• Varentec
• Veniam
• Veolia
• Verizon
• Videonetics Technologies
• Vodafone
• Volocopter
• Watersmart
• Where Is My Transport
• Wipro
• Worldsensing SL
• Zagster
• Zenysis
• Zerocycle
• ZiFF Technologies

For more information about this report visit https://www.researchandmarkets.com/r/z6yjxj

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Two thirds of global automotive fleet will remain gasoline-powered in 2050, IHS Markit Vice Chairman Daniel Yergin says

WASHINGTON--(BUSINESS WIRE)--Electric vehicles will make up as many as 8 out of 10 new cars sold in 2050. But it will still be a long road before they dislodge gasoline as the predominant fuel in transportation, IHS Markit Vice Chairman Daniel Yergin writes in his new book, The New Map: Energy, Climate and the Clash of Nations

“Oil is no longer the unchallenged king in automotive transportation. But for some time to come its writ will still extend quite widely across the realm of transportation,” Yergin writes.

IHS Markit projects that electric vehicles (including battery, plug-in hybrid and fuel cell electric) will comprise 60-80% of all new car sales in 2050. That increased market share (from 2.2% of new car sales in 2020, according to IHS Markit data) will be driven by greater scale in manufacturing, as well as the continued improvement of batteries. IHS Markit now projects that the average cost of lithium-ion cell cost will fall below $100 per kilowatt hour by 2023.

Nevertheless, gasoline-powered vehicles will still comprise two thirds of the 1.9 billion cars on the road in 2050 owing to the time it takes for the fleet to turn over. The average age of vehicles on the road in the United States is nearly 12 years.

“At least for now, the demand for electric vehicles is largely coming not from consumers, but from governments whose evolving policies are shaped by climate concerns as well as by urban pollution and congestion,” Yergin observes in The New Map.

Failure to meet new government targets for lowering emissions “could cost European automakers as much as $40 billion in fines” over the next 5 years, he adds. “That is a strong signal that is coming from regulation rather than consumer demand.”

Electric vehicles also bring their own set of challenges, particularly in the supply chain of some battery materials, Yergin observes. Electric vehicle demand for lithium could rise 1,800% by 2030 and would represent about 85% of total world demand. Demand for cobalt, another essential element in batteries, could rise 1,400 percent. And more than 50% of global cobalt supply comes from one place—the Democratic Republic of the Congo.

Nevertheless, Yergin writes that the possible emergence of what he calls a “New Triad” (the convergence of the electric car, ride-hailing and car-sharing services, and self-driving autonomous vehicles) could disrupt oil’s century-long dominance in transportation. This would give rise instead to a new trillion-dollar industry, what he dubs “Auto-Tech.”

The advent of Tesla broke “the logjam” that had held since the failure of Thomas Edison’s electric car to gain traction a century earlier, Yergin writes, and major automakers are hastening to catch up and deploy their own electric vehicles.

“The world of autos—and their fuel suppliers—has become the arena for a new kind of competition,” he concludes. “It is no longer just about selling cars to consumers for personal use. No longer just automakers versus automakers, no longer gasoline brands versus gasoline brands. It has become multidimensional. Gasoline-powered cars versus electric cars. Personal ownership cars versus mobility services. And people-operated cars versus robotic driverless cars.”

Change does happen. Just not overnight, he says.

“At this point, there is still no global tipping point where the benefits of new technology and business models prove so overwhelming that they obliterate the oil-fueled personal car model that has reigned for so long.”

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LONDON--(BUSINESS WIRE)--#GlobalSolarCoverGlassMarket--The global solar cover glass market size is poised to grow by USD 1.04 billion during 2020-2024, progressing at a CAGR of about 29% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

The solar cover glass market is driven by the rise in solar PV installations. Population growth and technological advances in the field of electrical and electronic appliances have increased the demand for energy. In addition, the rise in demand for industrial electric motor systems, growth in the electronic appliances market, and increase in the use of HVAC systems due to variation in temperature will increase the demand for electricity worldwide. With this rise in demand for energy, governments of various countries have started investing in renewable energy. Also, reduced carbon footprints of solar and wind energy compared with coal will drive the renewable energy market during the forecast period. This will stimulate the demand for solar PV installations, thereby driving market growth.

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Report Highlights:

• The major solar cover glass market growth came from the utilities segment. However, the market is expected to generate fastest growth from the commercial segment during the forecast period.
• APAC was the largest solar cover glass market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. This is attributed to the increased demand for renewable energy in emerging countries.
• The global solar cover glass market is fragmented. AGC Inc., Borosil Glass Works Ltd., Euro Multivision Ltd., Interfloat Corp., Nippon Sheet Glass Co. Ltd., ONYX SOLAR ENERGY SL, Sisecam Group, Taiwan Glass Ind. Corp., Targray Technology International Inc., and Xinyi Solar Holdings Ltd. are some of the major market participants. To help clients improve their market position, this solar cover glass market forecast report provides a detailed analysis of the market leaders.
• As the business impact of COVID-19 spreads, the global solar cover glass market 2020-2024 is expected to have negative growth. As the pandemic spreads in some regions and plateaus in other regions, we revaluate the impact on businesses and update our report forecasts.

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Government Regulations Supporting Clean Energy Production will be a Key Market Trend

Government policies supporting clean energy production also drive the market growth of solar PV. Various policy renewals and reformations have been proposed by governments with regard to emission rates in power plants over the past few years. Most of the countries have formulated policies to support the growth of renewable power generation due to the growing focus on climatic change. After the Paris Agreement, countries such as India and the US have decreased their use of coal power production plants to reduce emissions. For instance, in India, coal-fired power generation projects of about 47.4 GW at different stages were canceled in 2019. Such stringent policies have helped increase the number of solar energy projects over the last decade. This is resulting in an increase in demand for solar cover glass, thereby driving the market.

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Solar Cover Glass Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist solar cover glass market growth during the next five years
• Estimation of the solar cover glass market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the solar cover glass market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of solar cover glass market vendors

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Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five forces analysis
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Application

• Market segments
• Comparison by Application
• Utility - Market size and forecast 2019-2024
• Commercial - Market size and forecast 2019-2024
• Residential - Market size and forecast 2019-2024
• Market opportunity by Application

Customer landscape

• Overview

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2019-2024
• North America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Landscape disruption
• Competitive scenario

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• AGC Inc.
• Borosil Glass Works Ltd.
• Euro Multivision Ltd.
• Interfloat Corp.
• Nippon Sheet Glass Co. Ltd.
• ONYX SOLAR ENERGY SL
• Sisecam Group
• Taiwan Glass Ind. Corp.
• Targray Technology International Inc.
• Xinyi Solar Holdings Ltd.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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