Community Relations Task Force Meeting Scheduled
HOUSTON--(BUSINESS WIRE)--The Port Commission of the Port of Houston Authority will conduct its regular monthly meeting virtually on Tuesday, March 23 at 9:15 a.m., via WebEx webinar.
The Community Relations Committee meeting will begin at 9:30 a.m., or thereafter, immediately following the adjournment of the Port Commission meeting.
The agendas and the instructions to access both virtual meetings are available at http://porthouston.com/leadership/public-meetings/.
Sign up for public comment is available up to an hour before the Port Commission and Community Advisory Council meetings by contacting Erik Eriksson at This email address is being protected from spambots. You need JavaScript enabled to view it. or Liana Christian at This email address is being protected from spambots. You need JavaScript enabled to view it..
Texas Governor Abbott’s action of March 16, 2020 continues to allow these virtual and telephonic open meetings to maintain government transparency, as the Port Authority Executive Office Building remains closed to the general public.
About Port Houston
For more than 100 years, Port Houston has owned and operated the public wharves and terminals along the Houston Ship Channel – the nation’s largest port for waterborne tonnage and an essential economic engine for the Houston region, the state of Texas, and the U.S. nation. The more than 200 private and eight public terminals along the federal waterway supports the creation of nearly 1.35 million jobs in Texas and 3.2 million jobs nationwide, and economic activity totaling $339 billion in Texas – 20.6% of Texas’ total gross domestic product (GDP) – and a total of $801.9 billion in economic impact across the nation. For more information, visit the website: https://porthouston.com/
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The Community Relations Committee will begin once the Port Commission meeting adjourns.
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Lisa Ashley, Director, Media Relations, Port Houston
Office: 713-670-2644; Mobile: 832-247-8179; E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "Industrial Gases for Plastic and Rubber Industry - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Industrial Gases for Plastic and Rubber Industry Market to Reach $8.6 Billion by 2027
Amid the COVID-19 crisis, the global market for Industrial Gases for Plastic and Rubber Industry, estimated at US$ 6.1 Billion in the year 2020, is projected to reach a revised size of US$ 8.6 Billion by 2027, growing at a CAGR of 5% over the analysis period 2020-2027. Nitrogen, one of the segments analyzed in the report, is projected to record a 5.5% CAGR and reach US$ 3.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Carbon Monoxide segment is readjusted to a revised 4.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.6 Billion, While China is Forecast to Grow at 8.2% CAGR
The Industrial Gases for Plastic and Rubber Industry market in the U.S. is estimated at US$ 1.6 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$ 1.8 Billion by the year 2027 trailing a CAGR of 8.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR.
Carbon Dioxide Segment to Record 4.4% CAGR
In the global Carbon Dioxide segment, USA, Canada, Japan, China and Europe will drive the 4.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$ 1.2 Billion in the year 2020 will reach a projected size of US$ 1.6 Billion by the close of the analysis period.
China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$ 1.2 Billion by the year 2027, while Latin America will expand at a 4.8% CAGR through the analysis period.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS (Total 36 Featured):
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/oja37p
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Knowing the location of all inventory and personnel can help any business operate more efficiently, while protecting the workforce at the same time.
ISTANBUL--(BUSINESS WIRE)--There is a host of benefits that businesses can leverage from knowing exactly where their assets and personnel are located at all times. Some of these benefits are pretty obvious, such as not having to waste time looking for inventory or spending money replacing it if it can’t be found. But, there are also many value added benefits that maybe not so instantly apparent, for example keeping employees safe. Wipelot, (www.wipelot.com) one of the leading providers of Real-time location systems (RTLS), confirms that RTLS is a fast-growing area which allow companies to gain access to these benefits and more.
What is RTLS Technology
How RTLS operates is fairly easy to understand. RTLS use RFID readers situated around the premises to gather a variety of measurements wirelessly from a RFID tag. The captured information is sent to a central device for processing. An algorithm is then used to determine the location of the tag with centimetre-level precision.
Different wireless protocols can also be used for RTLS installations. The protocol used depends on the requirements of the application. Ultra-wideband (UWB), WiFi and Bluetooth communications have been used by different RTLS suppliers. Wipelot mainly focusses on UWB in its systems as the technology avoids the crowded 2.4GHz frequency band and provides the best combination of accuracy and security.
Applications and Benefits
Every business can become more efficient just by knowing the location of inventory, equipment and staff, but advanced RTLS can be used to do much more than providing precise locations. The wireless networks used to deliver the location measurements to the reader have enough spare bandwidth to deliver other measurements that are usually provided by sensors within the tag. If required, control signals can then be sent back over the communications network to perform actions, such as activating alarms.
RTLS can also be used in other ways to enhance the safety of the workforce. For example, in some RFID tags intended for personnel, Wipelot integrates fall sensors that can alert the company to an injured member of staff. Software can easily be programmed to designate areas as safe and unsafe, for example, to allow humans to safely work beside robots. When the operator moves into a space designated for robots, an alarm will sound. Distances can also be specified between tags. This ability has been used successfully by businesses during the current COVID-19 outbreak to impose proper social distancing. Alarms will sound if two members of staff get closer than the company’s preventative rules allow.
In a manufacturing environment, RTLS can track products as they move through the line to provide the traceability necessary for quality control to improve customer confidence. The tags can also monitor the production environment and equipment as part of an Industry 4.0 installation.
The Complete Package
Having become the dominant RTLS provider in the Turkish domestic market, Wipelot is now looking further afield. Rifat Ok, Wipelot CEO said, “We are now making a major push to bring the benefits of RTLS technology to international markets.” He then expanded further on the benefits by explaining, “RTLS offers a faster way to recoup an initial investment than almost any other initiative that I know, and that is only counting defined financial benefits. There are many more intangible benefits, such as safeguarding staff and providing a more reliable service and better quality products to customers which can’t be measured so easily.”
RTLS can be used in any size of company and in any type of business that has stock or staff. Current Wipelot customers include manufacturers, utilities, airports, mines and automotive businesses, from smaller companies to the largest multinationals, such as Mondi, P&G, Bosch, ABB and Unilever. The company offers a wide selection of products that suit any application, including WIPELOT RTLS location tracking solutions and the WIPELOT ISG work safety family of products.
Selen Ozerdem, International Sales and Marketing Dept.
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
WASHINGTON--(BUSINESS WIRE)--Lithium-ion battery leader LG Energy Solution announced Thursday it had engaged EJM Associates, LLC, the energy policy strategic consultancy headed by former US Secretary of Energy Ernest Moniz, to provide strategic advice as the company expands its U.S. production and research and development footprints. Dr. Moniz served as the thirteenth Energy Secretary from 2013 to January 2017.
The new partnership comes as LGES announced last week it would invest $4.5 billion in its US operations by 2025 and would create 10,000 jobs in service of securing an additional 70GWh production capacity in the US. Last year, LGES began work on a $2.3 billion joint venture for battery cell production with General Motors in Ohio. When the new plants are operational, LGES will possess the largest battery cell production capacity in the United States.
"Secretary Moniz will help LGES deliver on its commitment to the electrification of the US vehicle fleet," LG Energy Solution Michigan Inc. Tech Center President Denise Gray said. "His experience at the highest levels of policy and energy work will prove invaluable as we scale at an unprecedented rate to meet the demands of America's supply chain."
"As the US electricity grid continues to rapidly decarbonize toward the goal of carbon neutrality, electrification of the transportation sector takes on added significance," said Secretary Moniz. "LGES builds on a successful track record of battery innovation and, with its manufacturing commitment in the United States, will be a key player in building out the supply chain for robust US electric vehicle manufacturing. We look forward to helping LGES realize this vision while employing thousands of Americans."
For more information, visit: https://www.lgessbattery.com
Media contact:
James Richardson
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DUBLIN--(BUSINESS WIRE)--The "Smart Gas Meter Market by technology (AMR and AMI), Type (Smart Ultrasonic Gas Meter and Smart Diaphragm Gas Meter), Component (Hardware and Software), End User (Residential, Commercial, and Industrial), and Region - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
The global smart gas meter market size is projected to grow from an estimated USD 2.0 billion in 2021 to USD 2.5 billion by 2026, at a CAGR of 4.7% from 2021 to 2026.
The key drivers for the smart gas meter market include digitalization of distribution grids and optimization of network operations; asset management of advanced metering infrastructure (AMI); and increasing investment in smart grid technologies to measure and analyze data.
The automated meter reading (AMR) segment is expected to hold the largest share of the smart gas meter market, by technology, during the forecast period.
The automated meter reading (AMR) segment is estimated to lead the smart gas meter market during the forecast period. The market for smart gas meter is driven by the growing demand for cost-effective smart gas meters and the need for automated collection of meter readings without physical inspection. The Asia Pacific is estimated to hold the largest share of the smart gas meter market, followed by Europe because the increasing installation of smart gas meters in residential, commercial and industrial end-user sectors is expected to drive the market.
Asia Pacific: The fastest-growing market for smart gas meters.
The Asia Pacific is the fastest-growing market for smart gas meters, followed by Europe. The region has been segmented, by country, into China, Japan, Malaysia, Australia, Indonesia, Singapore, and the Rest of the Asia Pacific. China is the largest and fastest-growing market in the region. The country currently leads the table for new investments in smart grid technologies. China managed to become the major consumer of smart grid technology because of the massive transformation taking place in the country's energy landscape. The country's ambitious renewable energy program will generate a tremendous need for smart grid technologies. The requirement for the smart grid market is further supported by China's focus on embracing energy efficiency, thus, increasing demand for the smart gas meter market.
Market Dynamics
Drivers
Restraints
Opportunities
Challenges
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/qzenr6
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Transaction Strengthens Peak’s Texas Presence
DENVER--(BUSINESS WIRE)--Peak Utility Services Group (Peak), a nationwide provider of integrated infrastructure services to the natural gas, electric and telecommunication industries, announced today the acquisition of Superior Pipeline Services (SPS), a leading natural gas utility services contractor in Texas. Founded in 2001 and headquartered in Fort Worth, TX, SPS has built long-standing relationships with leading utilities that provide their communities with critical energy needs.
The acquisition of SPS affirms Peak’s position in Texas’ growing utility services space. “I am pleased to welcome Superior Pipeline to the Peak family. We are thrilled to partner with a best-in-class provider in an attractive, fast-growing market with significant demand for natural gas utility maintenance, repair and installation,” said Jason Pickett, CEO of Peak. “With the robust economic and population growth we have seen in Texas, we are looking forward to playing a meaningful role in supporting the ongoing infrastructure needs there with SPS.”
SPS founder and President, Lynn Ayres, will continue to play a leading role alongside the current management team.
“We are excited to join the Peak family,” said Lynn Ayres. “By joining Peak, we will continue to provide our customers with excellent service while investing in our resources and our team. Peak’s focus on company culture, safety and customer service aligns well with our values and makes it a logical fit for SPS. We believe this transaction will enhance our ability to better serve our communities.”
“We view SPS as a great addition to the platform, which brings Peak front-and-center into a highly attractive market,” said Mohammed Khalil, Director, ORIX Capital Partners, the private equity platform of ORIX Corporation USA, whose managed fund acquired Peak in 2018. “This acquisition supports Peak’s position as a leading provider of mission-critical utility services, and we look forward to further accomplishments building on combined strengths.”
Peak Utility Services Group
Peak Utility Services Group (Peak) is a Denver-based leading provider of maintenance, repair, upgrade and installation services for the telecom, electric and natural gas infrastructure markets in the Pacific Northwest and Intermountain West regions of the United States. Peak provides its comprehensive suite of services through four operating units: SiteWise, Track Utilities, Kelly Cable, and Riley Brothers. Collectively, the company serves its customers through 50 locations with a highly trained workforce of over 1,600 employees. As a leader in utility services, the company has received numerous awards, outpacing the industry with advancements in safety, quality, customer service and strategic decision-making. For more information, visit www.peakusg.com.
ORIX Capital Partners
ORIX Capital Partners (OCP), the operationally-focused private equity team of ORIX Advisers, LLC and a wholly-owned subsidiary of ORIX Corporation USA (ORIX USA), manages a fund that seeks to make direct equity investments in established middle-market companies throughout North America, spanning a variety of industries, including industrial services, business services, and general industrials. For more information about OCP and its capabilities, please visit www.orixcapitalpartners.com.
Rohini Pragasam
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646.319.3680
DUBLIN--(BUSINESS WIRE)--The "Asphalt, Lubricating Oil and Grease Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the global asphalt, lubricating oil and grease market as it emerges from the COVID-19 shut down.
The global asphalt, lubricating oil and grease market is expected to grow from $254.02 billion in 2020 to $308.13 billion in 2021 at a compound annual growth rate (CAGR) of 21.3%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $437.25 billion in 2025 at a CAGR of 9%.
Companies Mentioned
Reasons to Purchase
Most of the asphalt companies are using frequency inverters in asphalt mixing process to control asphalt mixture drying time. Frequency inverter is an electronic device which transforms an AC current with fixed frequency to variable amplitude and frequency. It is used to vary the speed of rotation of the drying drum of the plant drying system so that the aggregates which are more porous receive heat from the burning flame for more time resulting in complete drying. It improves the drying process and allows the less porous asphalt to dry faster resulting in increased production. For instance, some of the major companies using frequency inverters include 3 Franks Services, A. Macchione Brothers, Absolute Asphalt and Concreter LLC and Ace Asphalt.
The demand for multi grade lubricants is gaining traction due to their better performance in cold climatic conditions. Multi-grade lubricant is a viscosity modifier used in engines which allows the smooth flow of oil under cold and hot climatic conditions. It is used to minimize the effect of change of viscosity with respect to the changes in the surrounding temperature and maintains optimum viscosity over the engine operating temperature range. Some of the major companies producing this lubricant include Gazprom, Rosneft, Exxonmobil, Petrochina and BP.
Producers of petroleum-based lubricants are offering bio-based lubricants to address the concerns associated with the impact of lubricants on the environment. Bio-based lubricants are formulated with renewable or biodegradable materials. Vegetable oils are one of the major components for bio-based lubricants. Vegetable oils offer high lubricity, viscosity and thermal stability. They have a higher flash point of 326C as compared to flash point of 200C for mineral oils. Lubricants produced from vegetable oils include tractor transmission hydraulic fluid, industrial hydraulic fluids for process and machinery applications, food-grade hydraulic fluids and greases, greases for use in automotive, railroad and machinery applications, chainsaw bar oil, gear lubes, compressor oil, and transformer and transmission line cooling fluids.
Key Topics Covered:
1. Executive Summary
2. Report Structure
3. Asphalt, Lubricating Oil and Grease Market Characteristics
4. Asphalt, Lubricating Oil and Grease Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Asphalt, Lubricating Oil and Grease Market Supply Chain
5.1. Supply Chain
5.2. Distribution
5.3. End Customers
6. Asphalt, Lubricating Oil and Grease Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Asphalt, Lubricating Oil and Grease Market Trends and Strategies
8. Impact of COVID-19 on Asphalt, Lubricating Oil and Grease
9. Asphalt, Lubricating Oil and Grease Market Size and Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.3. Forecast Market Growth, Value ($ Billion)
10. Asphalt, Lubricating Oil and Grease Market Regional Analysis
10.1. Global Asphalt, Lubricating Oil and Grease Market, 2020, by Region, Value ($ Billion)
10.2. Global Asphalt, Lubricating Oil and Grease Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Region
10.3. Global Asphalt, Lubricating Oil and Grease Market, Growth and Market Share Comparison, by Region
11. Asphalt, Lubricating Oil and Grease Market Segmentation
11.1. Global Asphalt, Lubricating Oil and Grease Market, Segmentation by Type
11.2. Global Asphalt, Lubricating Oil and Grease Market, Segmentation by End Use Industries
12. Asphalt, Lubricating Oil and Grease Market Segments
13. Asphalt, Lubricating Oil and Grease Market Metrics
For more information about this report visit https://www.researchandmarkets.com/r/akz9hz
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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TULSA, Okla.--(BUSINESS WIRE)--$BKEP #Asphalt--Blueknight Energy Partners, L.P. (“Blueknight” or the “Partnership”) (Nasdaq: BKEP and BKEPP) announced today that its Chief Executive Officer, Andrew Woodward, and Chief Financial Officer, Matthew Lewis, are scheduled to participate in virtual investor meetings at the 4th Annual Truist Securities 2021 Utilities, Midstream & Alternative Energy Summit on March 25, 2021.
Presentation materials will be available through the "Investors" section of the Blueknight website at investor.bkep.com.
About Blueknight
Blueknight (Nasdaq: BKEP and BKEPP) is a publicly traded master limited partnership that owns the largest independent asphalt terminalling network in the country. Operations include 8.7 million barrels of liquid asphalt storage capacity across 53 terminals and 26 states throughout the U.S. Blueknight is focused on providing integrated terminalling solutions for tomorrow’s infrastructure and transportation end markets. More information is available at www.bkep.com.
Blueknight Investor Relations
Chase Jacobson, (918) 237-4032
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CENTENNIAL, Colo.--(BUSINESS WIRE)--$WWR #NYSE--Westwater Resources, Inc. (“Westwater”) (NYSE: WWR), a battery graphite development company, announced that its common stock will begin trading on the NYSE American stock exchange today, March 19, 2021. The Company’s ticker symbol – WWR – remains the same.
“Listing on the NYSE American is a significant milestone for Westwater and a natural next step in the evolution of our company,” said Christopher M. Jones, President and Chief Executive Officer of Westwater Resources. “With the current surge in global interest in mineral investments, we believe this is an excellent time for our NYSE American listing, and our team looks forward to introducing Westwater to a new and larger investment base. Our board and management are very pleased to have Brendan E. Cryan & Co. LLC as our specialist firm. They have been specialists for over 60 years.”
With recent announcements by global automobile and battery makers, including a major announcement by General Motors (March 4, 2021) that GM is looking to build a second battery factory in the United States, electric vehicles and the batteries that power them are a growing market. Westwater’s battery graphite business is well timed to take advantage of these markets, both domestic and international.
About Westwater Resources
Westwater Resources (NYSE: WWR) is focused on developing battery-grade graphite. The Company’s projects include the Coosa Graphite Project — the most advanced natural flake graphite project in the contiguous United States — and the associated Coosa Graphite Deposit located across 41,900 acres (~17,000 hectares) in east-central Alabama. Ongoing operations of the pilot program are producing ULTRA-PMG™, ULTRA-DEXDG™ and ULTRA-CSPG™ in quantities that facilitate qualification testing at potential customers. For more information, visit www.westwaterresources.net.
Cautionary Statement
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as "expects," "estimates," "projects," "anticipates," "believes," "could," “scheduled,” and other similar words. All statements addressing events or developments that WWR expects or anticipates will occur in the future, including but not limited to the timing and effectiveness of the transfer of the Company’s common stock listing from the Nasdaq Capital Market to the NYSE American, future growth for electric vehicles and batteries, and the Company’s future production of graphite, are forward-looking statements. These risk factors and uncertainties include, but are not limited to, (a) the Company’s ability to implement the Coosa Graphite Project business plan; (b) the Company’s ability to raise additional capital in the future including the ability to utilize existing financing facilities; (c) spot price and long-term contract price of graphite and vanadium; (d) risks associated with our operations and the operations of our partners such as Samuel Engineering, Dorfner Anzaplan and others, including the impact of COVID-19 and its potential impacts to the capital markets; (e) operating conditions at the Company’s projects; (f) government regulation of the graphite industry and the vanadium industry; (g) world-wide graphite and vanadium supply and demand, including the supply and demand for lithium-based batteries; (h) unanticipated geological, processing, regulatory and legal or other problems the Company may encounter in the jurisdictions where the Company operates or intends to operate, including in Alabama and Colorado; (i) any graphite or vanadium discoveries not being in high-enough concentration to make it economic to extract the minerals; (j) currently pending or new litigation or arbitration; and (k) other factors which are more fully described in the Company’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and other filings with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize or should any of the Company’s underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. In addition, undue reliance should not be placed on the Company’s forward-looking statements. Except as required by law, the Company disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this news release.
Westwater Resources Contact:
Christopher M. Jones, President & CEO
Phone: 303.531.0480
Jeff Vigil, VP Finance & CFO
Phone: 303.531.0481
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Product Sales Contact:
Jay Wago, Vice President – Sales and Marketing
Phone: 303.531.0472
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Investor Relations Contact:
Porter, LeVay & Rose
Michael Porter
Phone: 212.564.4700
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Techstars Sustainability Challenge winners to be announced and Nicole Systrom, Founder of The Sutro Energy Group and Board Member at Activate & Prime Coalition, to serve as keynote speaker
BOULDER, Colo.--(BUSINESS WIRE)--Techstars, the worldwide network that helps entrepreneurs succeed, will hold its inaugural Sustainability Summit on April 15. Entrepreneurs, investors, corporations and global policymakers from around the globe will convene virtually to collaborate, share learnings and meet other like-minded entrepreneurs solving climate and sustainability challenges.
Keynoting the event will be Nicole Systrom, founder of Sutro Energy and a board of directors member at Activate and Prime Coalition. In her roles, Systrom partners with philanthropists, investors and entrepreneurs on innovative solutions for climate change. Systrom has an impressive background in environmental science and has spent her career focused on climate solutions while working across philanthropy, investing and with prominent organizations on the front lines of science and engineering. Systrom will discuss climate and sustainability innovation, highlight what makes scaling technology in the space unique and how effective collaboration underpins it all.
Techstars’ new CEO Maëlle Gavet will give her first address since joining the company in January. She will examine the critical role entrepreneurship plays in climate and sustainability.
During the summit, Techstars will announce the finalists of this year’s Techstars Sustainability Challenge. The Challenge solicited ideas from the most promising entrepreneurs, startups, inventors and entities that address tough supply chain sustainability needs. A panel of sustainability experts from Techstars and its partners—companies including ABN AMRO, Andlinger Center for Energy and the Environment at Princeton University, Cargill, Comcast NBCUniversal LIFT Labs, EG Group, Endeavor, Equinor, The Heritage Group, The Nature Conservancy, Semapa NEXT, Stanley Black & Decker, Temasek, QBE and wfuna— have reviewed submissions and finalists will be announced during the summit. Those finalists will move into a proof-of-concept with one of the Challenge partners.
The Sustainability Challenge is Techstars’ first effort dedicated to enabling climate and sustainability collaboration at scale. The Challenge identifies a specific problem and then kickstarts relationships among entrepreneurs, corporations, and subject matter experts to get ideas into pilot faster. Challenge Partners see collaborative efforts like this as critical to reducing the negative environmental impacts of supply chains and creating efficiencies that will drive long-term positive impacts for industries, markets and people around the world.
“We want to see real solutions that address supply chain sustainability, specifically data and automation, materials and end of life impact,” said Cody Simms, Techstars senior vice president of climate and sustainability. “That requires activating proofs-of-concept at a more accelerated pace and we have a unique opportunity to do that through our global Sustainability Challenge. We’re excited to showcase our Challenge finalists, hear from a strong speaker lineup led by Nicole and Maëlle, and cultivate new relationships between Summit participants to kickstart collaboration at scale.”
To register for the virtual Techstars Sustainability Summit free of charge, please click here.
About Techstars
The Techstars worldwide network helps entrepreneurs succeed. Founded in 2006, Techstars began with three simple ideas—entrepreneurs create a better future for everyone, collaboration drives innovation, and great ideas can come from anywhere. Now we are on a mission to enable every person on the planet to contribute to, and benefit from, the success of entrepreneurs. In addition to operating accelerator programs and venture capital funds, we do this by connecting startups, investors, corporations, and cities to help build thriving startup communities. Techstars has invested in more than 2,300 companies with a combined market cap of more than $193B. www.techstars.com
Kate Adorno
Actual Agency
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KANSAS CITY, Mo.--(BUSINESS WIRE)--Kansas City Southern (KCS) (NYSE:KSU) will release its first quarter 2021 financial results on Friday, April 16, 2021, before the opening of trading on the New York Stock Exchange.
KCS will also hold its first quarter 2021 earnings conference call on Friday, April 16, 2021 at 8:45 a.m. eastern time. Shareholders and other interested parties are invited to participate via live webcast or telephone. To participate in the live webcast and to view accompanying presentation materials, please log into investors.kcsouthern.com immediately prior to the presentation. To join the teleconference, please call (844) 308-6428 from the U.S., or (412) 317-5409 from all other countries.
A replay of the presentation will be available by calling (877) 344-7529 from the U.S., (855) 669-9658 from Canada or (412) 317-0088 from all other countries and entering conference ID 10152592. The webcast replay and presentation materials will be archived on the company’s website.
Headquartered in Kansas City, Mo., Kansas City Southern (KCS) (NYSE: KSU) is a transportation holding company that has railroad investments in the U.S., Mexico and Panama. Its primary U.S. holding is The Kansas City Southern Railway Company, serving the central and south central U.S. Its international holdings include Kansas City Southern de Mexico, S.A. de C.V., serving northeastern and central Mexico and the port cities of Lázaro Cárdenas, Tampico and Veracruz, and a 50 percent interest in Panama Canal Railway Company, providing ocean-to-ocean freight and passenger service along the Panama Canal. KCS’ North American rail holdings and strategic alliances with other North American rail partners are primary components of a unique railway system, linking the commercial and industrial centers of the U.S., Mexico and Canada. More information about KCS can be found at www.kcsouthern.com.
KCS: Ashley Thorne, 816-983-1530, This email address is being protected from spambots. You need JavaScript enabled to view it.
HOUSTON--(BUSINESS WIRE)--Permianville Royalty Trust (NYSE: PVL, the “Trust”) today announced the net profits interest calculation for March 2021. The net profits interest calculation represents reported oil production for the month of December 2020 and reported natural gas production during November 2020. The calculation includes accrued costs incurred in January 2021.
This month, excluding prior net profits interest shortfalls, income from the distributable net profits interest would have been approximately $0.2 million. As a result of the cumulative outstanding net profits shortfall of approximately $1.3 million, however, no distribution will be paid to the Trust’s unitholders of record on March 31, 2021 in April 2021. Distributions to the Trust will resume once the cumulative net profits shortfall, which continues to decrease and now totals approximately $1.0 million, is eliminated.
The following table displays reported underlying oil and natural gas sales volumes and average received wellhead prices attributable to the current and prior month recorded net profits interest calculations.
|
|
Underlying Sales Volumes |
|
Average Price |
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|
|
Oil |
|
Natural Gas |
|
Oil |
|
Natural Gas |
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|
|
Bbls |
|
Bbls/D |
|
Mcf |
|
Mcf/D |
|
(per Bbl) |
|
(per Mcf) |
Current Month |
|
55,192 |
|
1,780 |
|
326,841 |
|
10,895 |
|
$ 40.85 |
|
$ 1.96 |
Prior Month |
|
45,410 |
|
1,514 |
|
194,932 |
|
6,288 |
|
$ 38.27 |
|
$ 1.84 |
Recorded oil cash receipts from the oil and gas properties underlying the Trust (the “Underlying Properties”) totaled $2.3 million for the current month on realized wellhead prices of $40.85/Bbl, up $0.6 million from the prior month distribution period.
Recorded natural gas cash receipts from the Underlying Properties totaled $0.6 million for the current month, up $0.2 million from the prior month’s distribution period.
Total accrued operating expenses for the period were $2.2 million, a $0.4 million increase month-over-month from the prior period. Capital expenditures increased $0.3 million from the prior period, as a portion of the non-operating capital expenditures for new wells drilled in the Haynesville and New Mexico Delaware shales were paid in the current month. The operators of these wells expect to begin production in the first half of 2021.
The remaining cumulative shortfall in net profits for the prior months will be deducted from any net profits in next month’s net profits interest calculation. At this time based on current commodity prices, COERT Holdings 1 LLC (the “Sponsor”) anticipates that the Underlying Properties will continue to generate positive net profits to reduce the cumulative shortfall before returning to monthly distributions again.
About Permianville Royalty Trust
Permianville Royalty Trust is a Delaware statutory trust formed to own a net profits interest representing the right to receive 80% of the net profits from the sale of oil and natural gas production from certain, predominantly non-operated, oil and gas properties in the states of Texas, Louisiana and New Mexico. As described in the Trust’s filings with the Securities and Exchange Commission (the “SEC”), the amount of the periodic distributions is expected to fluctuate, depending on the proceeds received by the Trust as a result of actual production volumes, oil and gas prices, the amount and timing of capital expenditures, and the Trust’s administrative expenses, among other factors. Future distributions are expected to be made on a monthly basis. For additional information on the Trust, please visit www.permianvilleroyaltytrust.com.
Forward-Looking Statements and Cautionary Statements
This press release contains statements that are “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release, other than statements of historical facts, are “forward-looking statements” for purposes of these provisions. These forward-looking statements include the amount and date of any anticipated distribution to unitholders, expected expenses, including capital expenditures, and expectations regarding the ability of the Underlying Properties to continue to generate positive net profits before returning to monthly distributions. The anticipated distribution is based, in large part, on the amount of cash received or expected to be received by the Trust from the Sponsor with respect to the relevant period. The amount of such cash received or expected to be received by the Trust (and its ability to pay distributions) has been and will continue to be directly affected by the volatility in commodity prices, which have declined since the beginning of 2020 in response to the economic effects of the COVID-19 pandemic and the dispute over production levels between Russia and the members of the Organization of Petroleum Exporting Countries, including Saudi Arabia, resulting in an oversupply of crude oil and exacerbating the decline in crude oil prices, and could remain low for an extended period of time. Continued low oil and natural gas prices will reduce profits to which the Trust is entitled, which will reduce the amount of cash available for distribution to unitholders and in certain periods could result in no distributions to unitholders. Other important factors that could cause actual results to differ materially include expenses of the Trust, reserves for anticipated future expenses and the effect, impact, potential duration or other implications of the COVID-19 pandemic. In addition, future monthly capital expenditures may exceed the average levels experienced in 2019 and prior periods. Statements made in this press release are qualified by the cautionary statements made in this press release. Neither the Sponsor nor the Trustee intends, and neither assumes any obligation, to update any of the statements included in this press release. An investment in units issued by the Trust is subject to the risks described in the Trust’s filings with the SEC, including the risks described in the Trust’s Annual Report on Form 10-K for the year ended December 31, 2019, filed with the SEC on March 16, 2020, and the Trust’s Quarterly Report on Form 10-Q for the period ended September 30, 2020, filed with the SEC on November 6, 2020. The Trust’s quarterly and other filed reports are or will be available over the Internet at the SEC’s website at http://www.sec.gov.
Permianville Royalty Trust
The Bank of New York Mellon Trust Company, N.A., as Trustee
Sarah Newell 1 (512) 236-6555
LOS ANGELES--(BUSINESS WIRE)--Fisker Inc. (NYSE: FSR) (“Fisker” or the “Company”) – designer and manufacturer of the world’s most emotion-stirring, eco-friendly electric vehicles and advanced mobility solutions – today announced that the Company will redeem all of its outstanding warrants (the “Public Warrants”) to purchase shares of the Company’s Class A common stock, par value $0.00001 per share (the “Common Stock”), that were issued under the Warrant Agreement, dated Aug. 9, 2018 (the “Warrant Agreement”), by and between the Company (f/k/a Spartan Energy Acquisition Corp.) and Continental Stock Transfer & Trust Company, as warrant agent (the “Warrant Agent”), as part of the units sold in the Company’s initial public offering (the “IPO”), for a redemption price of $0.01 per Public Warrant (the “Redemption Price”), that remain outstanding at 5:00 p.m. New York City time on April 19, 2021 (the “Redemption Date”). Warrants to purchase Common Stock that were issued under the Warrant Agreement in a private placement simultaneously with the IPO are no longer outstanding and are not subject to this redemption.
Under the terms of the Warrant Agreement, the Company is entitled to redeem all of the outstanding Public Warrants if the last sales price of the Common Stock is at least $18.00 per share on each of twenty trading days within any thirty-day trading period ending on the third trading day prior to the date on which a notice of redemption is given. This share price performance target has been met. At the direction of the Company, the Warrant Agent has delivered a notice of redemption to each of the registered holders of the outstanding Public Warrants.
In addition, in accordance with the Warrant Agreement, the Company’s board of directors has elected to require that, upon delivery of the notice of redemption, all Public Warrants are to be exercised only on a “cashless basis.” Accordingly, holders may no longer exercise Public Warrants and receive Common Stock in exchange for payment in cash of the $11.50 per warrant exercise price. Instead, a holder exercising a Public Warrant will be deemed to pay the $11.50 per warrant exercise price by the surrender of 0.5046 of a share of Common Stock (such fraction determined as described below) that such holder would have been entitled to receive upon a cash exercise of a Public Warrant. Accordingly, by virtue of the cashless exercise of the Public Warrants, exercising warrant holders will receive 0.4954 of a share of Common Stock for each Public Warrant surrendered for exercise. Any Public Warrants (including Public Warrants that are included in outstanding units) that remain unexercised at 5:00 p.m. New York City time on the Redemption Date will be delisted, void and no longer exercisable, and the holders will have no rights with respect to those Public Warrants, except to receive the Redemption Price (or as otherwise described in the redemption notice for holders who hold their Public Warrants in “street name”).
“We are pleased to take this opportunity to redeem the outstanding public warrants on a cashless basis. As compared to a cash exercise, this not only limits dilution to our common shareholders, but we believe it to be simpler and less burdensome to holders of the public warrants, along with being reflective of our strong balance sheet and confidence in Fisker’s business outlook,” said Fisker Chairman and Chief Executive Officer, Henrik Fisker. “This action will streamline our capital structure in a less dilutive way than through a full cash exercise redemption and remove a majority of our warrant overhang.”
As of March 18, 2021, approximately 7.7 million public warrants had been voluntarily exercised on a cash basis, generating approximately $89.0 million of cash proceeds to Fisker. Fisker has made the decision to reduce further dilution by electing to limit further warrant exercises on a cashless basis in accordance with the terms of the Warrant Agreement as part of Fisker’s right to redeem the public warrants. By electing to limit exercise of the remaining public warrants to a cashless basis, including the recent cashless exercise of all 9.36 million private warrants by the company’s former sponsor, Spartan Energy Acquisition Corporation, the total dilutive impact to common shareholders will be limited to approximately 3.7% as compared to 7.2% under a cash exercise method.
The number of shares of Common Stock that each exercising warrant holder will receive by virtue of the cashless exercise (instead of paying the $11.50 per Public Warrant cash exercise price) was calculated in accordance with the terms of the Warrant Agreement and is equal to the quotient obtained by dividing (x) the product of the number of shares underlying the Public Warrants held by such warrant holder, multiplied by the difference between $22.79, the average last sale price of the Common Stock for the ten trading days ending on March 16, 2021, the third trading day prior to the date of the redemption notice (the “Fair Market Value”) and $11.50, by (y) the Fair Market Value. If any holder of Public Warrants would, after taking into account all of such holder’s Public Warrants exercised at one time, be entitled to receive a fractional interest in a share of Common Stock, the number of shares the holder will be entitled to receive will be rounded down to the nearest whole number of shares.
At 5:00 p.m. New York City time on the Redemption Date, the Company’s outstanding units (the “Units”) will be mandatorily separated into their component parts – one share of Common Stock and one-third of one Public Warrant – and the Public Warrants and Units will cease trading. As a result, at 5:00 p.m. New York City time on the Redemption Date, each Unit holder’s account, in lieu of Units, will reflect ownership of the number of shares of Common Stock underlying such holder’s Units.
None of Fisker, its board of directors or employees has made or is making any representation or recommendation to any holder of the Public Warrants as to whether to exercise or refrain from exercising any Public Warrants.
The shares of Common Stock underlying the Public Warrants have been registered by Fisker under the Securities Act of 1933, as amended, and are covered by a registration statement filed on Form S‑1/A with, and declared effective by, the Securities and Exchange Commission (Registration No. 333‑249981).
Exercise of public warrants should be directed through the broker of the warrant holder. In addition to the broker, questions may also be directed to Morrow Sodali at (800) 662-5200 (for individuals) / (203) 658-9400 (for banks and brokerages) or at This email address is being protected from spambots. You need JavaScript enabled to view it.. Or contact Continental Stock Transfer & Trust Company, 1 State Street, 30th Floor, New York, New York 10004, Attention: Reorganization Department, Telephone Number (917) 262-2378.
Additional information can be found on Fisker’s Investor Relations website: http://investors.fiskerinc.com/resources/warrant-faq/default.aspx
About Fisker Inc.
California-based Fisker Inc. is revolutionizing the automotive industry by developing the most emotionally desirable and eco-friendly electric vehicles on Earth. Passionately driven by a vision of a clean future for all, the company is on a mission to become the No. 1 e-mobility service provider with the world’s most sustainable vehicles. To learn more, visit www.FiskerInc.com – and enjoy exclusive content across Fisker’s social media channels: Facebook, Instagram, Twitter, YouTube and LinkedIn. Download the revolutionary new Fisker mobile app from the App Store or Google Play store.
No Offer or Solicitation
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any offer of any of Fisker’s securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.
Forward Looking Statements
Certain statements included in this press release that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the redemption of the Public Warrants and the expected proceeds from the exercise of the Public Warrants. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Fisker’s management and are not predictions of actual performance. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements, including but not limited to Fisker’s limited operating history; Fisker’s ability to enter into additional manufacturing and other contracts with Magna, or other OEMs or tier-one suppliers in order to execute on its business plan; the risk that OEM and supply partners do not meet agreed upon timelines or experience capacity constraints; Fisker may experience significant delays in the design, manufacture, regulatory approval, launch and financing of its vehicles; Fisker’s ability to execute its business model, including market acceptance of its planned products and services; Fisker’s inability to retain key personnel and to hire additional personnel; competition in the electric vehicle market; Fisker’s inability to develop a sales distribution network; and the ability to protect its intellectual property rights; and those factors discussed in Fisker’s Registration Statement on Form S-1 (No. 333-249981) under the heading “Risk Factors,” filed with the Securities and Exchange Commission (the “SEC”) and other reports and documents Fisker files from time to time with the SEC. If any of these risks materialize or Fisker’s management’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made and Fisker undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.
Fisker Inc.
Dan Galves, VP, Investor Relations
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Simon Sproule, SVP, Communications
310.374.6177
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Targeting 50% reduction of GHGs by 2025
RICHMOND, Va.--(BUSINESS WIRE)--CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used cars, today announced its commitment to achieve net zero carbon emissions by 2050. The commitment is part of CarMax’s overall efforts to reduce its environmental impact and to align with the climate change mitigation goals set out by the Paris Agreement. The company has already made meaningful reductions to its carbon footprint and is targeting a 50% reduction of greenhouse gas (GHG) emissions by 2025, compared with a 2018 baseline.
CarMax is focusing its initial efforts on a two-pronged strategy: Scope 1 emissions: Reducing the company’s own emissions; and Scope 2 emissions: Increasing the share of renewable energy in the company’s overall electricity supply (Scopes 1 and 2 as defined by the Paris Agreement1).
These efforts are expected to include:
“At CarMax, ‘do the right thing’ is one of our values. We believe that our goal to achieve net zero by 2050 demonstrates our commitment to address the challenge of climate change,” said CarMax CEO Bill Nash. “We have a clear roadmap to meet the target of a 50% reduction by 2025, and a number of steps are already underway toward that goal. Longer term, we will be evaluating all aspects of our business to see what additional measures we can take to achieve our 2050 goal.”
In addition to its net zero initiative, CarMax is focusing on the expanding market for electric vehicles (EVs). “We intend to be a leader in offering used EVs as the market evolves and grows,” said Nash. To that end, the company expects to invest in training, tools, and internal infrastructure to strengthen its ability to service and recondition EVs to its high standards.
CarMax will publish its 2021 Responsibility Report at the end of May on its website https://socialresponsibility.carmax.com which will provide more information on CarMax’s net zero efforts and other ESG topics. In addition, CarMax is in the process of evaluating Scope 3 value chain emissions.
About CarMax
CarMax, the nation’s largest retailer of used cars, revolutionized the automotive retail industry by driving integrity, honesty and transparency in every interaction. The company offers a truly personalized experience with the option for customers to do as much, or as little, online and in-store as they want. CarMax also provides a variety of vehicle delivery methods, including home delivery, contactless curbside pickup and appointments in its stores. During the fiscal year ending February 29, 2020, CarMax sold more than 830,000 used cars and more than 465,000 wholesale vehicles at its in-store auctions. CarMax has 220 stores, over 25,000 Associates, and is proud to have been recognized for 16 consecutive years as one of the Fortune 100 Best Companies to Work For®. For more information, visit www.carmax.com.
Forward-Looking Statements
We caution readers that the statements contained in this release about our future business plans are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by the use of words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “outlook,” “plan,” “predict,” “should,” “will” and other similar expressions, whether in the negative or affirmative. Such forward-looking statements are based upon management’s current knowledge and assumptions about future events and involve risks and uncertainties that could cause actual results to differ materially from anticipated results. Among the factors that could cause actual results and outcomes to differ materially from those contained in the forward-looking statements are the following:
For more details on factors that could affect expectations, see our Annual Report on Form 10-K for the fiscal year ended February 29, 2020, and our quarterly or current reports as filed with or furnished to the U.S. Securities and Exchange Commission. Our filings are publicly available on our investor information home page at investors.carmax.com. Requests for information may also be made to the Investor Relations Department by email to This email address is being protected from spambots. You need JavaScript enabled to view it. or by calling (804) 747-0422 x7865. We undertake no obligation to update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise.
1 CarMax’s net zero strategy is guided by the Paris Agreement’s framework of Scopes 1, 2, and 3. Scope 1 covers all direct emissions from an organization, Scope 2 refers to indirect emissions generated by electricity suppliers, and Scope 3 covers all other indirect emissions.
Media Contact
Tapio Christiansen
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-Company intends to launch first five pilot programs within the U.S. in 2021-
SALT LAKE CITY--(BUSINESS WIRE)--#Agribusiness--Globally, we are running out of water and land and facing growing difficulties in utility costs and climate control for growing the food we require and sustaining strong and sufficient agricultural commerce. However, a new company, Selu.earth, is providing the answer. Selu is an innovative company that has created patent-pending technologies to reclaim atmospheric humidity, produce renewable energy, and CO2 fertilize agriculture environments to regulate temperature and humidity.
The result is an all-in-one climate-control utility system to enhance plant growing conditions. “Selu Oasis” provides agribusiness customers with the ability to grow and harvest food in many more areas than were previously available or viable, thanks to the ability to enhance and strengthen the natural resources required for growing.
By vastly increasing the locations and amount of land available for growers, the Selu Oasis system allows agribusiness providers to reduce overhead costs while achieving maximum potential growth yields. To that end, the company is seeking and intends to launch five pilot programs to support greenhouses, agriculture infrastructure suppliers, and vertical farms in the U.S.
“By providing universal climate control conditions from one solution, our customers will be able to better realize lower utility costs and higher crop yields,” says Jake Hammock, Selu’s founder and CEO. “Now is the time for producers to have a lower universal utility access solution to grow closer to consumers without the hassle of multiple climate controlling devices saturating energy costs.”
“By adapting and using the Selu Oasis technology, our customers will not only receive substantial utility savings, but will also replenish the environment through our carbon-neutral solution.”
Selu’s technology addresses seven of the United Nations’ Sustainability Development Goals (SDGs):
In all, Selu’s goal is to strengthen and enhance nature to liberate all life, while empowering agribusiness with immense commercial value.
About Jake Hammock
Jake Hammock is a futurist, a creator and inventor, technologist and environmental pioneer who envisions a world where water and energy are no longer scarce. Hammock brings 15-plus years of military and commercial executive leadership in innovative tech management positions to Selu and is a U.S. Army combat veteran who has worked with DARPA and other advanced research agencies.
Hammock’s travels and his active executive roles in philanthropy have made him keenly aware of the problems that lack of clean water and energy have caused throughout the world.
About Selu
Selu Technologies, Inc. (Selu.earth) is a privately held company in Salt Lake City, Utah, that is developing revolutionary and patent-pending technologies to convert atmospheric moisture into clean water, renewable energy and clean air through an all-in-one, climate-control utility system called “Selu Oasis.” In its first implementation, Oasis provides Agribusiness customers with the ability to grow and harvest food to reduce overhead costs while achieving maximum potential growth yields while also replenishing our environment. For more information, investors, customers and prospective partners can visit www.selu.earth.
#Agribusiness #Agtech #CleanWater #Sustainable #WaterIsLife #SustainableWater #AlternativeEnergy #SustainableEnergy #CarbonNeutral #TechThatMatters #Innovation #FoodSecurity
Selu Technologies, Selu.earth, Selu and Oasis are copyrighted as the exclusive intellectual property of Selu Technologies Inc.
Cheryl Conner and Paul Murphy
SnappConner PR
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801-806-0150
ABERDEEN, Scotland--(BUSINESS WIRE)--KNOT Offshore Partners LP (the “Partnership”) (NYSE:KNOP) announced today that its Annual Report on Form 20-F for the year ended December 31, 2020 has been filed with the SEC and can be accessed on the Partnership’s website www.knotoffshorepartners.com under the “Investor Relations” section or on the website of the U.S. Securities and Exchange Commission at www.sec.gov.
Unitholders may also request a hard copy of the Annual Report, which includes the Partnership’s complete audited financial statements, free of charge, by emailing the Partnership at:
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Or by writing to:
KNOT Offshore Partners LP
2 Queen’s Cross
Aberdeen
AB15 4YB
United Kingdom
Questions should be directed to:
Gary Chapman (+44 7496 170 620)
HOUSTON--(BUSINESS WIRE)--BBVA USA, as Trustee of the San Juan Basin Royalty Trust (the “Trust”) (NYSE:SJT), today declared a monthly cash distribution to the holders of its Units of beneficial interest (the “Unit Holders”) of $2,472,277.06 or $0.053043 per Unit, based primarily upon estimated production during the month of January 2021, subject to certain adjustments by the owner of the Trust’s subject interests, Hilcorp San Juan L.P. (Hilcorp”), for prior months. The distribution is payable April 14, 2021, to Unit Holders of record as of March 31, 2021.
Based upon information provided to the Trust by Hilcorp, gas production for the subject interests totaled 2,631,464 Mcf (2,923,849 MMBtu) for January 2021, as compared to 1,643,882 Mcf (1,826,535 MMBtu) for December 2020. Dividing revenues by production volume yielded an average gas price for January 2021 of $2.36 per Mcf ($2.12 per MMBtu), as compared to an average gas price for December 2020 of $2.66 per Mcf ($2.39 per MMBtu).
Hilcorp has advised the Trust that the January 2021 reporting month included a negative adjustment of $68,164 gross ($51,123 net to the Trust) based on true-ups for the August 2020, September 2020 and October 2020 production months.
Hilcorp informed the Trust that due to Hilcorp’s transition to a new accounting system, the January 2021 reporting month is based on estimated production, actual realized prices and estimated costs.
Hilcorp also reported that for the reporting month of January 2021, revenue included an estimated $100,000 for non-operated revenue. For the month ended January 2021, Hilcorp reported to the Trust capital costs of $19,057, lease operating expenses and property taxes of $1,554,770, and severance taxes of $1,187,100.
Contact: |
San Juan Basin Royalty Trust |
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BBVA USA, Trustee |
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2200 Post Oak Blvd., Floor 18 |
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Houston, TX 77056 |
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website: www.sjbrt.com |
e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it. |
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Joshua R. Peterson, Head of Trust Real Assets & Mineral Resources |
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and Senior Vice President |
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Kaye Wilke, Investor Relations, toll-free: (866) 809-4553 |
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Except for historical information contained in this news release, the statements in this news release are forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements generally are accompanied by words such as “estimates,” “anticipates,” “could,” “plan,” or other words that convey the uncertainty of future events or outcomes. Forward-looking statements and the business prospects of San Juan Basin Royalty Trust are subject to a number of risks and uncertainties that may cause actual results in future periods to differ materially from the forward-looking statements. These risks and uncertainties include, among other things, certain information provided to the Trust by Hilcorp, volatility of oil and gas prices, governmental regulation or action, litigation, and uncertainties about estimates of reserves. These and other risks are described in the Trust’s reports and other filings with the Securities and Exchange Commission.
Joshua R. Peterson, Head of Trust Real Assets & Mineral Resources
and Senior Vice President
Kaye Wilke, Investor Relations, toll-free: (866) 809-4553
JANESVILLE, Wis.--(BUSINESS WIRE)--SHINE Medical Technologies LLC today announced the appointments of Jean Rogers, Ph.D., an environmental, social and governance (ESG) expert, and Tamanna Bembenek, Ph.D., a global marketing leader, to the company’s board of directors.
Dr. Rogers brings to SHINE’s board more than two decades of experience advising companies on environmental, social and governance (ESG) criteria, and long-term value creation. She is the founder and former chief executive officer of the Sustainability Accounting Standards Board, or SASB.
Under Dr. Rogers’ leadership, the SASB developed sustainability accounting standards for 79 industries and launched education programs in sustainability accounting. Today, SASB is the gold standard for disclosure of material ESG risks, recognized by long-term institutional investors around the world.
Dr. Rogers also is an advisor to the Long-Term Stock Exchange, or LTSE, a national stock exchange approved by the U.S. Securities and Exchange Commission in 2019. The exchange supports companies and investors committed to the creation of long-term shareholder value.
Dr. Rogers fills the seat of Brad Wucherpfennig, who has become a board observer.
“Jean joins our board of directors at a crucial, exciting time in our history,” said Greg Piefer, founder and CEO of SHINE. “Jean’s work to improve the fairness and efficiency of the capital markets through socially conscious, long-term value creation is groundbreaking. We look forward to Jean’s expertise, experience and insight, while we thank Brad for his years of thoughtful service to the board and SHINE.”
“SHINE’s commitment to a long-term vision for its fusion-based technology is a cornerstone of transforming medicine and energy in a way that is consistent with a net zero carbon economy,” Dr. Rogers said. “I look forward to working on SHINE’s efforts to build long-term value, while continuing our passionate commitment to strong environmental, social and governance performance.”
Dr. Rogers is a visiting fellow at the Harvard Kennedy School, where she works with social entrepreneurs. She earned undergraduate and master’s degrees from Manhattan College, Riverdale, N.Y. She earned a doctorate in environmental engineering from the Illinois Institute of Technology. She was a post-doctoral fellow at Harvard University.
Tamanna Bembenek, Ph.D., is a senior health care executive with broad experience in medical devices and radiopharmaceuticals. She has more than 20 years of global experience in marketing, sales, product development, strategy and commercialization.
Dr. Bembenek has a strong track record of developing partnerships with biotechnology and pharmaceutical companies, patient advocacy groups, professional scientific societies and government agencies in the United States and around the world. These partnerships have focused on improving awareness of and access to health care.
Most recently, she served as the senior vice president of health systems marketing at Royal Philips, overseeing all of the company’s health care segment. Prior to that, she held various global marketing and product leadership positions within precision diagnostics at Philips. Before joining Philips, Dr. Bembenek spent more than a decade in product management and marketing in diagnostic imaging at GE Healthcare, including global leadership positions in PET/SPECT and CT imaging for neurological applications, radiopharmaceuticals and point-of-care ultrasound.
Dr. Bembenek earned her bachelor’s degree from Lake Forest College and her doctorate in biochemistry from the Texas A&M Health Science Center.
“Tamanna’s experience and expertise provides our board and the company with a unique, global perspective,” Piefer said. “Her work to ensure that we can effectively engage with and deliver SHINE’s story to key markets is already making a difference. Tamanna’s continued insight will be critical to SHINE as we execute our commercialization plans.”
Dr. Bembenek has been serving on the board since her election to it last year.
“It is a pleasure to help craft the strategy for articulating SHINE’s vision for fusion technology and how it can solve the world’s biggest challenges,” Dr. Bembenek said. “Our technology and vision are the keys to creating and sustaining long-term value. As markets continue to evolve, we will ensure that SHINE’s story enables us to create that value in both existing and emerging markets.”
About SHINE Medical Technologies
SHINE is a nuclear technology company committed to improving the lives of patients around the world. The company is focused initially on the commercialization of medical isotopes, including molybdenum-99, a diagnostic isotope used to diagnose heart disease, cancer and other diseases, and lutetium-177, a therapeutic isotope that holds the promise of significantly improving the outcomes for some cancer patients. SHINE has created isotope production processes that will deliver products to benefit physicians and patients and help solve critical supply problems in the United States and markets in Europe and around the world. SHINE has a long-term strategy to solve some of humanity’s biggest problems and advance our vision for progressively broad and impactful uses of nuclear technology. For more information, please visit our website at www.shinemed.com.
MALLORY PROUTY
CORPORATE COMMUNICATIONS PROJECT MANAGER, MBA
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P: 608-530-5606 | M: 630-945-2379
ROD HISE
DIRECTOR, MARKETING & CORPORATE COMMUNICATIONS
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P 608-530-5659 | M 608-770-7850
NEW YORK--(BUSINESS WIRE)--Hess Corporation (NYSE: HES) announced today that John Hess, Chief Executive Officer, will speak at the 49th Annual Scotia Howard Weil Energy Conference on March 23, 2021 at 10:00 a.m. Eastern Time.
A presentation will be posted and a replay of the audio webcast will be accessible via Hess Corporation’s website.
Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess Corporation is available at https://www.hess.com/.
Cautionary Statements
This presentation will contain projections and other forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These projections and statements reflect the company’s current views with respect to future events and financial performance. No assurances can be given, however, that these events will occur or that these projections will be achieved, and actual results could differ materially from those projected as a result of certain risk factors. A discussion of these risk factors is included in the company’s periodic reports filed with the Securities and Exchange Commission.
Investor contact:
Jay Wilson
(212) 536-8940
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Media contact:
Lorrie Hecker
(212) 536-8250
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PITTSBURGH--(BUSINESS WIRE)--Alcoa Corporation today announced new agreements with multiple power generators for the Portland Aluminium Smelter in the Australian state of Victoria. The five-year agreements with AGL, Alinta Energy and Origin will each commence August 1, 2021, when an existing agreement with AGL expires on July 31, 2021.
The Australian Federal Government has committed, subject to approval, to provide up to $14.8 (A$19.2) million per year for four years to underwrite the smelter’s participation in the Reliability and Emergency Reserve Trader (RERT) scheme. The arrangement will recognize the smelter’s ability to rapidly shed load when required to help protect the power grid from unexpected interruptions when it is under duress.
In addition, in recognition of the valuable contribution Portland Aluminium makes to the Victorian economy, the Victorian Government has agreed in principle to a funding package to match the Federal Government contribution.
“On behalf of the Portland Aluminium joint venture partners, I recognize everyone’s cooperation and dedication in reaching the energy agreements that help to improve the smelter’s competitiveness,” said Alcoa President and CEO Roy Harvey. “We look forward to finalizing the Australian and Victorian government agreements, which underscore the smelter’s importance to the economy and the vital role it plays in securing Victoria’s electricity grid.”
As a stable baseload energy consumer, the smelter will continue to provide important market stability as more renewables enter the system. Currently, more than 30 percent of the smelter’s consumed electricity is derived from renewable sources, including electricity from a nearby wind farm. This figure is expected to grow with implementation of the Victorian Renewable Energy Target that aims to reach 50 percent renewables by 2030.
“After a year characterized by uncertainty, we are delighted to have clarity on the smelter’s power supply,” said Michael Gollschewski, President, Alcoa Australia. “I thank our employees and contractors for their continued dedication and commitment to teamwork and operational excellence. Their work is integral to today’s announcement, which is a fantastic outcome for them, their families and the Portland community.”
The financial terms of the energy agreements are confidential and are conditioned upon a number of matters, including finalization of the government agreements.
Portland Aluminium is an unincorporated joint venture between Alcoa of Australia Limited (55 percent), CITIC Nominees Pty Ltd (22.5 percent), and Marubeni Aluminium Australia Pty Ltd (22.5 percent). Alcoa of Australia Limited is owned by Alcoa Corporation (60 percent) and Alumina Limited (40 percent).
Current production is approximately 85 percent of the smelter’s total nameplate capacity of 358,000 metric tons per year.
About Alcoa
Alcoa (NYSE: AA) is a global industry leader in bauxite, alumina and aluminum products, with a strong portfolio of value-added cast and rolled products and substantial energy assets. Alcoa is built on a foundation of strong values and operating excellence dating back 135 years to the world-changing discovery that made aluminum an affordable and vital part of modern life. Since inventing the aluminum industry, and throughout our history, our talented Alcoans have followed on with breakthrough innovations and best practices that have led to efficiency, safety, sustainability and stronger communities wherever we operate. Visit us online on www.alcoa.com, follow @Alcoa on Twitter and on Facebook at www.facebook.com/Alcoa.
Dissemination of Company Information
Alcoa Corporation intends to make future announcements regarding company developments and financial performance through its website at www.alcoa.com, as well as through press releases, filings with the Securities and Exchange Commission, conference calls and webcasts.
Forward-Looking Statements
This news release contains statements that relate to future events and expectations and as such constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include those containing such words as “anticipates,” “believes,” “could,” “estimates,” “expects,” “forecasts,” “goal,” “intends,” “may,” “outlook,” “plans,” “projects,” “seeks,” “sees,” “should,” “targets,” “will,” “would,” or other words of similar meaning. All statements by Alcoa Corporation that reflect expectations, assumptions or projections about the future, other than statements of historical fact, are forward-looking statements. Forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and changes in circumstances that are difficult to predict. Although Alcoa Corporation believes that the expectations reflected in any forward-looking statements are based on reasonable assumptions, it can give no assurance that these expectations will be attained and it is possible that actual results may differ materially from those indicated by these forward-looking statements due to a variety of risks and uncertainties. Additional information concerning factors that could cause actual results to differ materially from those projected in the forward-looking statements is contained in Alcoa Corporation’s filings with the Securities and Exchange Commission. Alcoa Corporation disclaims any obligation to update publicly any forward-looking statements, whether in response to new information, future events or otherwise, except as required by applicable law.
Investor Contact:
James Dwyer
412-992-5450
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Media Contacts:
Jim Beck
412-315-2909
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Jodie Read
Alcoa of Australia
0404-800-335
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