Michel Combes to Step Down After Five Years at SoftBank
Clavel Brings Years of Global SoftBank Experience to the Role
TOKYO--(BUSINESS WIRE)--SoftBank Group Corp. (“SoftBank”) today announced that Alex Clavel, currently Managing Partner at SoftBank Group International (“SBGI”), has been appointed as Chief Executive Officer of SBGI, effective June 30, 2022. Mr. Clavel will succeed Michel Combes, who has decided to leave SoftBank to pursue new opportunities.
Mr. Clavel will bring seven years of leadership experience at SoftBank across Tokyo, Silicon Valley and New York to the role, in which he will oversee SBGI’s operations and investment portfolio, including its stakes in Boston Dynamics, SoFi, Fortress, T-Mobile, Arm, among other portfolio companies. Together with the SoftBank Vision Funds, SBGI is responsible for all SoftBank Group Corp. activities outside of Japan, including across Europe, the U.S., Asia and Latin America.
Masayoshi Son, Representative Director, Corporate Officer, Chairman & CEO of SoftBank Group Corp., said, “Building on more than two decades of experience in corporate development and investing, Alex has long been a trusted leader at SoftBank in multiple locations around the globe. I am confident that his experience – combined with the strong SoftBank team around him – will serve us well as we continue our journey as Vision Capitalists.”
Mr. Son continued, “I want to thank Michel for his crucial contributions to SoftBank over the past five years. He has played a critical role in some of our most important investments and assets, and I wish him all the best with his future plans. I’m glad he will remain part of the SoftBank family by continuing to represent us on various portfolio company boards.”
Mr. Clavel commented, “I am honored by the trust Masa has placed in me to lead SBGI and am fortunate to have worked alongside Michel. I am excited to build on our success and for what’s to come.”
Mr. Combes said, “It has been a pleasure to work with Masa and the talented teams across SoftBank. I am departing SoftBank proud of having achieved what I set out to do here, including turning around Sprint and executing its merger with T-Mobile, repositioning WeWork and successfully taking it public, and, most recently, the integration of the SoftBank Latin America Funds into the Vision Fund, as well as overseeing SoftBank’s strategic investments in French and European portfolio companies. I am pleased to pass the baton to Alex. He has been my partner for the past two years and I am confident he’s well positioned to lead the team and carry forward our success into the future.”
Alex Clavel Biographical Information
Most recently, Mr. Clavel has been responsible for managing several of SoftBank’s international platform of investments outside of the Vision Funds, including T-Mobile, Deutsche Telecom, WeWork and OneWeb. He serves as a director on the boards of numerous companies and investment vehicles, including Arm China, Boston Dynamics, InMobi, SB Energy, Goggo, and Levere Holdings Corp. Mr. Clavel joined SoftBank in Tokyo in 2015 and worked in SoftBank’s Silicon Valley office before moving to New York with SoftBank in 2018.
Prior to joining SoftBank, Mr. Clavel spent 19 years at Morgan Stanley in investment banking, where he focused on technology, media and telecom M&A. He graduated from Princeton University and speaks French, Japanese and Mandarin Chinese.
About SoftBank Group
The SoftBank Group invests in breakthrough technology to improve the quality of life for people around the world. The SoftBank Group is comprised of SoftBank Group Corp. (TOKYO: 9984), an investment holding company that includes stakes in telecommunications, internet services, AI, smart robotics, IoT and clean energy technology providers; the SoftBank Vision Funds, which are investing more than US$140 billion to help extraordinary entrepreneurs transform industries and shape new ones; the US$8 billion SoftBank Latin America Funds; and investments in underrepresented founders, including the SB Opportunity Fund, a US$100+ million fund investing in Black, Latinx and Native American founders, and SoftBank Investment Advisers’ global Emerge program. To learn more, please visit https://group.softbank/en.
Japan:
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+81 3 6889 2300
United States:
FGS Global
Benjamin Spicehandler / Hannah Dunning
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More New Drilling Success in the Oriente Basin in Ecuador
High-Impact Exploration Drilling Underway in the Llanos Basin in Colombia
Short-Cycle Projects Driving Production Growth
Delivering on Emissions Reduction Targets
BOGOTA, Colombia--(BUSINESS WIRE)--GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator today provides an operations and business activity update.
Production figures refer to the April-May 2022 period. All figures are expressed in US Dollars.
Accelerating Production Growth
Llanos Basin: Initiating Exploration Drilling in High Potential Prospects
In the CPO-5 block:
In the Llanos 87 block (GeoPark operated, 50% WI):
In the Llanos 34 block:
Oriente Basin: Third Drilling Success in 2022
In the Perico block (GeoPark non-operated, 50% WI):
In the Espejo block (GeoPark operated, 50% WI):
Putumayo Basin: Spudding New Attractive Short-Cycle Prospects
In the Platanillo block (GeoPark operated, 100% WI):
Fast, Immediate and Aggressive Actions to Minimize Emissions in Core Asset
2022 Work Program: Strong Cash Flow Generation
Reducing Debt and Strengthening the Balance Sheet
Returning More Value to Shareholders
New Investor Presentation: GeoPark will be hosting certain meetings with financial analysts and institutional investors. The Presentation that the Company plans to use for those meetings has been posted on GeoPark’s website.
1 |
|
Adjusting for divestments in Argentina in 1Q2022. |
2 |
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Colombian Ministry of Energy and Mines, Report to Congress, p. 14. |
3 |
|
Calculated using GeoPark’s average market capitalization from January 3 to June 17, 2022. |
4 |
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Unaudited. |
NOTICE
Additional information about GeoPark can be found in the “Investor Support” section on the website at www.geo-park.com.
Certain amounts included in this press release have been rounded for ease of presentation.
CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION
This press release contains statements that constitute forward-looking statements. Many of the forward-looking statements contained in this press release can be identified by the use of forward-looking words such as ‘‘anticipate,’’ ‘‘believe,’’ ‘‘could,’’ ‘‘expect,’’ ‘‘should,’’ ‘‘plan,’’ ‘‘intend,’’ ‘‘will,’’ ‘‘estimate’’ and ‘‘potential,’’ among others.
Forward-looking statements that appear in a number of places in this press release include, but are not limited to, statements regarding the intent, belief, or current expectations, regarding various matters, including expected future financial performance and free cash flow generation, expected production growth, drilling activities, demand for oil and gas, oil and gas prices, our work program and investment guidelines, regulatory approvals, reserves and exploration resources. Forward-looking statements are based on management’s beliefs and assumptions, and on information currently available to the management. Such statements are subject to risks and uncertainties, and actual results may differ materially from those expressed or implied in the forward-looking statements due to various factors.
Forward-looking statements speak only as of the date they are made, and the Company does not undertake any obligation to update them in light of new information or future developments or to release publicly any revisions to these statements in order to reflect later events or circumstances, or to reflect the occurrence of unanticipated events. For a discussion of the risks facing the Company which could affect whether these forward-looking statements are realized, see filings with the U.S. Securities and Exchange Commission (SEC).
For further information, please contact:
INVESTORS:
Stacy Steimel
Shareholder Value Director
T: +562 2242 9600
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Miguel Bello
Market Access Director
T: +562 2242 9600
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Diego Gully
Investor Relations Director
T: +5411 4312 9400
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MEDIA:
Communications Department
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SPRING, Texas--(BUSINESS WIRE)--ExxonMobil has launched “Mission: Unstoppable,” a Mobil Delvac™-branded campaign that shines a light on how best-in-class lubrication strategies help drive success for America’s trucking fleets, including for NASCAR’s Stewart-Haas Racing (SHR) team.
The campaign, which dives deep into how Mobil Delvac solutions have helped SHR’s fleet improve team performance, explores a core truth: whether the goal is to grow your business or win races, high-performance fleets and motorsports teams both need one thing – engines running at peak performance, delivering unstoppable results.
In a six-minute documentary-style video, fleet managers and maintenance managers get a behind-the-scenes look at SHR’s hauler operations as Gary Geissman, Fleet Manager for Stewart-Haas Racing and his crew prepare for the Talladega GEICO 500 Cup Series NASCAR race in April 2022. In their story, Geissman and his colleagues emphasize the need for a reliable, high-performing fleet, and how Mobil Delvac helps his team operate as ‘absolutely unstoppable’.
“We’ve been using Mobil Delvac for over ten years in all our heavy-duty diesel trucks here at Stewart-Haas,” Geissman explains. “In our fleet, we used to change the oil every 20,000 miles. We now change it every 70,000 miles – there’s less downtime for us, and a lot more time to chase the checkered flag.”
Ultimately, the SHR team’s success and peace-of-mind depends on the reliability of its trucking fleet. These haulers transport nearly 80,000 pounds of equipment each – from spare engines and parts to the race cars themselves – and the team only wins if they arrive on time, every time. With the help of Mobil Delvac products and services, the SHR fleets have found ways to improve uptime and performance, helping the racing team win multiple NASCAR Drivers’ Championships and support the careers of racing legends such as Tony Stewart, Kevin Harvick, Clint Bowyer, Danica Patrick, Aric Almirola, and more. Since 2011, ExxonMobil and SHR have worked together on two Cup series championships and nearly 100 Cup wins.
“Winning fleets know that every opportunity to increase uptime, reduce labor costs, and free up technician time for other tasks can be a significant advantage for their business,” said Paul Cigala, Commercial Vehicle Lubricants Applications Engineer for ExxonMobil. “In ‘Mission: Unstoppable,’ we showcase how Mobil Delvac products and services can be a secret ingredient in fueling success for fleets of all sizes – put simply, it can be the ‘unstoppable’ advantage they need to grow their business even further.”
The wider campaign also features real-life testimonials from other winning fleets from across the U.S., showcasing how Mobil Delvac customers use the brand’s products and services to maximize uptime, drive cost savings, and push performance to new heights.
For more information on the campaign and to explore these stories, visit info.mobillubricants.com/missionunstoppable.
About Mobil Delvac™
With more than 90 years of experience and innovation, Mobil Delvac™ is a recognized leader in advanced heavy-duty lubricants. Mobil Delvac and Mobil Delvac 1™ are the trusted brands of choice for many successful businesses. While keeping your equipment running at peak condition, our industry-leading products – including Mobil Delvac – can extend oil drain intervals, lowering costs through reduced lubricant consumption, labor and disposal costs. To learn more, visit our Mobil Delvac site.
About ExxonMobil
ExxonMobil, one of the largest publicly traded international energy and petrochemical companies, creates solutions that improve quality of life and meet society’s evolving needs. The corporation’s primary businesses - Upstream, Product Solutions and Low Carbon Solutions - provide products that enable modern life, including energy, chemicals, lubricants, and lower-emissions technologies. ExxonMobil holds an industry-leading portfolio of resources, and is one of the largest integrated fuels, lubricants and chemical companies in the world. To learn more, visit exxonmobil.com and the Energy Factor.
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Chandler Rogers
Weber Shandwick
417-631-6231
Strategic alliance with leading international marine assistance provider will provide members with Garmin product discounts and safety-enhancing training
OLATHE, Kan.--(BUSINESS WIRE)--Garmin® International, Inc., a unit of Garmin Ltd. (NYSE: GRMN), the world’s largest1 and most innovative marine electronics manufacturer, is excited to announce that it is working with Sea Tow Services, International, Inc. to provide members and franchise operators exclusive offers and product training aimed at improving boater safety.
Sea Tow franchisees will receive access to special offers on a variety of Garmin marine electronics, including its flagship GPSMAP® chartplotter series, full line of radome and open array radars and much more. Franchisees will also receive offers on cartography products and Boating app subscriptions from Navionics®, a Garmin brand. Sea Tow members will enjoy access to exclusive education on Garmin and Navionics products, along with preferred pricing on cartography. Sea Tow operates more than 110 independently-owned franchise locations that provide towing and other on-water assistance to boaters in the United States and Puerto Rico.
“Garmin and Sea Tow share a commitment to making recreational boating and fishing safer and more enjoyable every time you leave the dock,” said Dan Bartel, Garmin vice president of global consumer sales. “From boat towing to jump starts and fuel deliveries, Sea Tow has been providing non-emergency services to boaters for decades, and we’re proud to support their captains as they perform vital job functions for their membership each and every day.”
“Sea Tow captains are there to help boaters when it matters most, so it’s essential they are equipped with best-in-class electronics and cartography,” said Kristen Frohnhoefer, Sea Tow president. “As smart boaters, our Sea Tow members also value education on how to use their on-board electronics and knowing that they can save on upgrading their cartography, both of which help them have a safer and more enjoyable time on the water.”
Whether outfitting a new boat or upgrading existing electronics, Sea Tow members can take advantage of special offers and educational webinars on a full suite of Garmin marine electronics designed to help provide peace-of-mind, increase situational awareness and improve the boating experience.
To learn more about Garmin’s full line of marine electronics, visit garmin.com/marine.
Engineered on the inside for life on the outside, Garmin products have revolutionized life for anglers, sailors, mariners and boat enthusiasts everywhere. Committed to developing the most innovative, highest quality, and easiest to use marine electronics the industry has ever known, Garmin believes every day is an opportunity to innovate and a chance to beat yesterday. For the seventh consecutive year, Garmin was recently named the Manufacturer of the Year by the National Marine Electronics Association (NMEA). Other Garmin marine brands include Fusion® and Navionics. For more information, visit Garmin's virtual Newsroom, This email address is being protected from spambots. You need JavaScript enabled to view it., connect with @garminmarine on social media, or follow our adventures at garmin.com/blog.
1 Based on 2021 reported sales
About Garmin International, Inc. Garmin International, Inc. is a subsidiary of Garmin Ltd. (NYSE: GRMN). Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin, GPSMAP, Navionics and Fusion are registered trademarks and Fantom, MotionScope, GHP Reactor and LiveScope are trademarks of Garmin Ltd. or its subsidiaries.
About Sea Tow Services International, Inc. Sea Tow Services International Inc., better known as Sea Tow®, has been the premier leader of on-water assistance since 1983. Servicing the United States, Puerto Rico and the U.S. Virgin Islands, members are provided with a 24/7 connection to Coast Guard-licensed captains. The pioneering concept, founded by Captain Joseph Frohnhoefer, was established in Southold, NY when the United States Coast Guard ceased response to non-emergency assistance calls.
In addition to on-water assistance, the franchise network handles salvage and recovery missions, and responds to natural disasters, environmental hazards and oil spill cleanups. Visit seatow.com to learn more.
Notice on Forward-Looking Statements:
This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management’s current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 25, 2021, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). A copy of such Form 10-K is available at www.garmin.com/en-US/company/investors/earnings/. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
Carly Hysell
913-397-8200
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ROCKVILLE, Md.--(BUSINESS WIRE)--Argan, Inc. (NYSE: AGX) (“Argan” or the “Company”) announces today that its Board of Directors declared a regular quarterly cash dividend in the amount of $0.25 per share of common stock, payable July 29, 2022 to stockholders of record at the close of business on July 21, 2022.
About Argan, Inc.
Argan’s primary business is providing a full range of services to the power industry, including the renewable energy sector. Argan’s service offerings focus on the engineering, procurement and construction of natural gas-fired power plants and renewable energy facilities, along with related commissioning, operations management, maintenance, project development and consulting services, through its Gemma Power Systems and Atlantic Projects Company operations. Argan also owns The Roberts Company, which is a fully integrated fabrication, construction and industrial plant services company, and SMC Infrastructure Solutions, which provides telecommunications infrastructure services.
Company Contact:
Rainer Bosselmann
301.315.0027
Investor Relations Contact:
David Watson
301.315.0027
PASADENA, Calif.--(BUSINESS WIRE)--$HLGN #ArtificialIntelligence--Heliogen, Inc. (“Heliogen”), a leading provider of AI-enabled concentrated solar energy technology, is set to join the broad-market Russell 3000® Index at the conclusion of the 2022 Russell indexes annual reconstitution, effective after the US market opens on June 27, according to a final list of index additions posted June 17.
Membership in the US all-cap Russell 3000® Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000® Index or small-cap Russell 2000® Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.
“The inclusion of Heliogen in the Russell indexes is further evidence of our company’s growth and progress since our public listing in December,” said Bill Gross, Founder and Chief Executive Officer of Heliogen. “The Heliogen team looks forward to continually increasing our market presence, and speaking with an ever broadening range of investors interested in decarbonizing heavy industry worldwide.”
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $12 trillion in assets are benchmarked against Russell’s US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.
For more information on the Russell 3000® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.
About Heliogen:
Heliogen is a renewable energy technology company focused on eliminating the need for fossil fuels in heavy industry and powering a sustainable future. The company’s AI-enabled, modular concentrated solar energy technology aims to cost-effectively deliver near 24/7 carbon-free energy in the form of heat, power, or green hydrogen fuel at scale – for the first time in history. Heliogen was created at Idealab, the leading technology incubator founded by Bill Gross in 1996. For more information about Heliogen, please visit heliogen.com.
About FTSE Russell:
FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally.
FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $20 trillion is currently benchmarked to FTSE Russell indexes. For over 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives.
A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.
FTSE Russell is wholly owned by London Stock Exchange Group.
For more information, visit www.ftserussell.com.
Heliogen Investor Contact:
Louis Baltimore
VP, Investor Relations
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Heliogen Media Contact:
Cory Ziskind
ICR, Inc.
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NEWCASTLE & HOUSTON--(BUSINESS WIRE)--TechnipFMC (NYSE: FTI) announced today that Doug Pferdehirt, Chair and Chief Executive Officer, will address attendees on Thursday, June 23, at 9:00 a.m. EDT at the following event:
J.P. Morgan 2022 Energy, Power and Renewables Conference
June 21 – 23, 2022
Location: InterContinental New York Barclay, 111 East 48th St, New York, NY 10017
The live webcast will be available at the time of the event and can be accessed at the Investor Relations website. There will be no presentation materials associated with the event.
About TechnipFMC
TechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services.
With our proprietary technologies and comprehensive solutions, we are transforming our clients’ project economics, helping them unlock new possibilities to develop energy resources while reducing carbon intensity and supporting their energy transition ambitions.
Organized in two business segments – Subsea and Surface Technologies – we will continue to advance the industry with our pioneering integrated ecosystems (such as iEPCI™, iFEED™ and iComplete™), technology leadership and digital innovation.
Each of our approximately 20,000 employees is driven by a commitment to our clients’ success, and a culture of strong execution, purposeful innovation, and challenging industry conventions.
TechnipFMC uses its website as a channel of distribution of material company information. To learn more about how we are driving change in the 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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James Davis
Senior Manager, Investor Relations
Tel: +1 281 260 3665
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Media relations
Nicola Cameron
Vice President, Corporate Communications
Tel: +44 1383 742297
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Catie Tuley
Director, Public Relations
Tel: +1 281 591 5405
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Up to US$20 Million for Expansion of Existing Sustainable Community Project in Quebec and Implementation of New Sustainable Community Project in Ontario
Stream Represents a Further Diversification into Solid Waste Diversion, Conversion and Energy Efficiency Carbon Projects with Canadian Partner
TORONTO--(BUSINESS WIRE)--$NETZ #NETZ--Carbon Streaming Corporation (NEO: NETZ) (OTCQB: OFSTF) (FSE: M2Q) (“Carbon Streaming” or the “Company”) is pleased to announce that it has entered into a carbon credit streaming agreement (“Carbon Stream”) with Will Solutions Inc. (“Will Solutions”), an established operator of carbon projects, to scale its Sustainable Community Projects (the “Projects”) in Quebec and Ontario, Canada. These grouped Projects enroll and reward members (including small and medium enterprises (“SMEs”), small municipalities, non-profit organizations and individual proprietorships) for greenhouse gas (“GHG”) emission reductions through waste diversion, conversion and energy efficiency initiatives, with plans to expand into transport.
Investment Highlights:
Impact Highlights:
Carbon Streaming Founder and CEO Justin Cochrane stated: “We are delighted to announce our first Canadian carbon stream with Will Solutions. The Sustainable Community Projects are an excellent addition to our portfolio and highlight what Canadians can do to reduce emissions. The Will Solutions team is a pioneer in carbon, having developed the Verra certified methodology and grown the Sustainable Community right here in our back yard for over a decade. Success in climate action takes all of us, and Will Solutions’ grouped approach is proof that together, we can achieve more.”
“We are thrilled to partner with Carbon Streaming to accelerate growth, increase capacity, enroll more members and scale emissions reductions across Quebec and Ontario,” said Martin Clermont, President of Will Solutions. “Carbon Streaming’s investment gives us the additional funding to engage thousands more Canadian SMEs in climate action today. The stream also allows us to expand the verification methodology we have developed in collaboration with Verra to include transport emissions reductions to these initiatives, as well as optimize operations by increasing the capacity to process billions of transactions more efficiently in a secure and automated way.”
Will Solutions operates one of the largest grouped projects to be registered with Verra in Canada and has been successfully generating VCUs since 2010 using the VM0018 methodology it developed. Buyers of these VCUs have included large Canadian corporations, including major financial institutions, pension funds, governmental organizations, industrials and food companies. With Will Solutions’ strong track record of growing membership, proceeds from the Carbon Stream will be used to further scale the Projects by adding to Will Solutions’ sales and marketing team to support new membership enrollment, and improving automation, monitoring and reporting.
The Projects are expected to reduce more than 100 million tCO2e emissions and generate an equivalent number of carbon credits. Over the term of the Carbon Stream, Carbon Streaming will receive 50% of the VCUs generated by the Projects up to a maximum of 44.1 million VCUs, and will have the option to renew the Carbon Stream for an additional 10 years. Will Solutions is expected to make its first delivery under the Carbon Stream of approximately 425,000 to 525,000 VCUs in the second half of calendar year 2023, scaling to approximately 10 million VCUs in 2030. Emissions reductions generated by the Projects will be independently verified and registered by Verra.
Under the terms of the Carbon Stream, the Company will make an upfront deposit of up to US$20 million. The first instalment of US$4 million was paid on closing, and the Company will make additional payments of up to US$16 million as the Projects achieve implementation and new member enrollment milestones. Carbon Streaming will also make ongoing delivery payments to Will Solutions for each VCU sold under the Carbon Stream. Ongoing delivery payments will be in a range consistent with the Company’s other stream investments.
Over the last three months, the pricing of VCUs sold by Will Solutions ranged from two to five times the GEO spot price. Carbon Streaming anticipates that VCUs generated by the Projects will continue to command premium pricing compared to the GEO price given the desirable location of the Projects as well as the large proportion of emission reductions from methane avoidance projects. Methane is the second most abundant anthropogenic GHG, with more than 80 times the global warming potential of CO2 in the first 20 years of reaching the atmosphere. Reducing methane provides a quick benefit of limiting near-term temperature rise.1
About Carbon Streaming
Carbon Streaming is an ESG principled company offering investors exposure to carbon credits, a key instrument used by both governments and corporations to achieve their carbon neutral and net-zero climate goals. Our business model is focused on acquiring, managing and growing a high-quality and diversified portfolio of investments in projects and/or companies that generate or are actively involved, directly or indirectly, with voluntary and/or compliance carbon credits.
The Company invests capital through carbon credit streaming arrangements with project developers and owners to accelerate the creation of carbon offset projects by bringing capital to projects that might not otherwise be developed. Many of these projects have significant social and economic co-benefits in addition to their carbon reduction or removal potential.
The Company has executed carbon credit streaming agreements related to over 10 projects around the globe, including nature-based, biochar, methane avoidance, clean cookstove and water filtration projects.
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About Will Solutions
Will Solutions Inc. is a private Canadian company, certified BCorp., whose head office is based in Beloeil, QC. The company is active in the Voluntary Carbon Markets (VCM) sector through its Sustainable Community. Will Solutions has a social philosophy based on sharing. It is based on two major axes: democratizing access to carbon credits by pooling local GHG reduction projects carried out by SMEs, municipalities and NPOs, and returning as much money as possible to these partners following the sale of carbon credits by Will Solutions. Will Solutions has been carbon neutral since 2007 and is committed to returning 10% of its net profit to community projects and initiatives supporting sustainable development. To learn more about Will Solutions, visit their website at: https://solutionswill.com/en/.
Advisories
The references to third party websites and sources contained in this news release (including information with regard to Will Solutions) are provided for informational purposes and are not to be considered statements of the Company.
Cautionary Statement Regarding Forward-Looking Information
This news release contains certain forward-looking statements and forward-looking information (collectively, “forward-looking information”) within the meaning of applicable securities laws. All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future, including, without limitation, statements and figures with respect to the expected number of VCUs generated by the Projects; the expected SDGs; the ability for the Projects to be independently verified and registered by Verra; the timing of delivery of VCUs under the Carbon Stream; timing to meet additional payment milestones; the anticipated premium pricing for the VCUs; the expected sources of emission reductions generated by the Projects; the use of proceeds from the Carbon Stream; the global impact of methane avoidance reduction activities and statements with respect to execution of the Company’s portfolio and partnership strategy.
When used in this news release, words such as “estimates”, “expects”, “plans”, “anticipates”, “will”, “believes”, “intends” “should”, “could”, “may” and other similar terminology are intended to identify such forward-looking statements. This forward-looking information is based on the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking information is subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. They should not be read as a guarantee of future performance or results, and will not necessarily be an accurate indication of whether or not such results will be achieved. Factors that could cause actual results or events to differ materially from current expectations include, among other things: dependence on key management; limited operating history for the Company’s current strategy; concentration risk; inaccurate estimates of growth strategy, including the ability of the Company to source appropriate opportunities/investments; volatility in prices of carbon credits and demand for carbon credits; general economic, market and business conditions; failure or timing delays for projects to be validated and ultimately developed or greenhouse gases emissions reductions and removals to be verified and carbon credits issued; uncertainties and ongoing market developments surrounding the regulatory framework applied to the verification, and cancellation of carbon credits and the Company’s ability to be, and remain, in compliance; actions by governmental authorities, including changes in or to government regulation, taxation and carbon pricing initiatives; uncertainties surrounding the ongoing impact of the COVID-19 pandemic; foreign operations and political risks; risks arising from competition and future acquisition activities; due diligence risks, including failure of third parties’ reviews, reports and projections to be accurate; global financial conditions, including fluctuations in interest rates, foreign exchange rates and stock market volatility; dependence on project developers, operators and owners, including failure by such counterparties to make payments or perform their operational or other obligations to the Company in compliance with the terms of contractual arrangements between the Company and such counterparties; failure of projects to generate carbon credits, or natural disasters such as flood or fire which could have a material adverse effect on the ability of any project to generate carbon credits; change in social or political views towards climate change and subsequent changes in corporate or government policies or regulations; operating and capital costs; potential conflicts of interest; unforeseen title defects; the Company’s ability to complete proposed acquisitions and the impact of such acquisitions on the Company’s business; anticipated future sources of funds to meet working capital requirements; future capital expenditures and contractual commitments; expectations regarding the Company’s growth and results of operations; the Company’s dividend policy; volatility in the market price of the Company’s common shares or warrants; the effect that the issuance of additional securities by the Company could have on the market price of the Company’s common shares or warrants; and the other risks disclosed under the heading “Risk Factors” and elsewhere in the Company’s Annual Information Form dated as of September 27, 2021 filed on SEDAR at www.sedar.com. These risks, as well as others, could cause actual results and events to vary significantly. Accordingly, readers should exercise caution in relying upon forward-looking statements and the Company undertakes no obligation to publicly revise them to reflect subsequent events or circumstances, except as required by law.
__________________________
1 https://www.wri.org/insights/methane-gas-emissions-climate-change
ON BEHALF OF THE COMPANY:
Justin Cochrane, Chief Executive Officer
Tel: 647.846.7765
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www.carbonstreaming.com
Investor Relations
Andrea Cheung, VP, Investor Relations
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Media
Amy Chambers, Director, Marketing, Communications & Sustainability
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OAKLAND, Calif.--(BUSINESS WIRE)--Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE: PCG), declared the regular preferred stock dividend for the three-month period ending July 31, 2022, to be payable on August 15, 2022, to shareholders of record on July 29, 2022. Pacific Gas and Electric Company will pay a dividend on its eight series of preferred stock as follows:
First Preferred Stock, |
Quarterly Dividend to |
Redeemable |
|
5.00% |
$0.31250 |
5.00% Series A |
$0.31250 |
4.80% |
$0.30000 |
4.50% |
$0.28125 |
4.36% |
$0.27250 |
Non-Redeemable |
|
6.00% |
$0.37500 |
5.50% |
$0.34375 |
5.00% |
$0.31250 |
In order to be considered a shareholder of record for the dividend payment, you must have purchased the stock at least one trading day before the record date.
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit www.pge.com/ and http://www.pge.com/about/newsroom/.
MEDIA RELATIONS:
415-973-5930
Complements continued debt repayment within its comprehensive capital allocation strategy
SPRING, Texas--(BUSINESS WIRE)--Southwestern Energy Company (“SWN or the “Company”) (NYSE: SWN) today announced that its Board of Directors authorized a share repurchase program.
Key Highlights:
“Southwestern Energy’s disciplined capital allocation strategy prioritizes financial strength through maintenance capital investment, reduction of debt, and now the next complementary step – initiation of a sustainable return of capital program to enhance shareholder value. The increased free cash flow generation capability of our repositioned business, successful Haynesville integration and operational execution, improvement in commodity prices and fundamental outlook provide a clearer line of sight to achieving our target leverage ratio and debt ranges while returning capital to our shareholders,” said Bill Way, Southwestern Energy President and Chief Executive Officer.
“This program is a tangible reflection of our belief that the inherent value of our business is not fully appreciated by the market and further enhances SWN’s value proposition for investors. We expect to complete the execution of this program in a disciplined manner consistent with achieving our balance sheet objectives and returning to investment grade,” continued Way.
Share Repurchase Program
SWN's Board of Directors authorized a share repurchase program, under which the Company is authorized to repurchase up to $1 billion of its outstanding common stock beginning immediately and continuing through and including December 31, 2023.
The shares may be repurchased from time to time in open market transactions, through block trades, in privately negotiated transactions, through derivative transactions or by other means in accordance with federal securities laws. The Company intends to fund repurchases from available working capital and cash provided by operating activities. The timing, as well as the number and value of shares repurchased under the program, will be determined by the Company at its discretion and will depend on a variety of factors, including management’s assessment of the intrinsic value of the Company’s common stock, the market price of the Company's common stock, general market and economic conditions, available liquidity, compliance with the Company’s debt and other agreements, applicable legal requirements and other considerations. The exact number of shares to be repurchased by the Company is not guaranteed, and the program may be suspended, modified, or discontinued at any time without prior notice.
About Southwestern Energy
Southwestern Energy Company (NYSE: SWN) is a leading U.S. producer and marketer of natural gas and natural gas liquids focused on responsibly developing large-scale energy assets in the nation’s most prolific shale gas basins. SWN’s returns-driven strategy strives to create sustainable value for its stakeholders by leveraging its scale, financial strength and operational execution.
Forward Looking Statement
This news release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended. These statements are based on current expectations. The words “anticipate,” “intend,” “plan,” “project,” “estimate,” “continue,” “potential,” “should,” “could,” “may,” “will,” “objective,” “guidance,” “outlook,” “effort,” “expect,” “believe,” “predict,” “budget,” “projection,” “goal,” “forecast,” “model,” “target,” “seek,” “strive,” “would,” “approximate,” and similar words are intended to identify forward-looking statements. Statements may be forward looking even in the absence of these particular words.
Examples of forward-looking statements include, but are not limited to, the expectations of plans, business strategies, objectives and growth and anticipated financial and operational performance, including the Company's proposed share repurchase program and the projected timing, purchase price and number of shares purchased under such program, if at all, and our expectation to achieve our leverage ratio and debt targets. These forward-looking statements are based on management’s current beliefs, based on currently available information, as to the outcome and timing of future events. All forward-looking statements speak only as of the date of this news release. The estimates and assumptions upon which forward-looking statements are based are inherently uncertain and involve a number of risks that are beyond our control. Although we believe the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and we cannot assure you that such statements will be realized or that the events and circumstances they describe will occur. Therefore, you should not place undue reliance on any of the forward-looking statements contained herein.
Factors that could cause our actual results to differ materially from those indicated in any forward-looking statement are subject to all of the risks and uncertainties incident to the exploration for and the development, production, gathering and sale of natural gas, NGLs and oil, most of which are difficult to predict and many of which are beyond our control. These risks include, but are not limited to, commodity price volatility, inflation, lack of availability of drilling and production equipment and services, environmental risks, drilling and other operating risks, legislative and regulatory changes, the uncertainty inherent in estimating natural gas and oil reserves and in projecting future rates of production, cash flow and access to capital, the timing of development expenditures, a change in our credit rating and an increase in interest rates, our ability to maintain leases that may expire if production is not established or profitably maintained, our ability to transport our production to the most favorable markets or at all, any increase in severance or similar taxes, the impact of the adverse outcome of any material litigation against us or judicial decisions that affect us or our industry generally, the effects of weather or power outages, increased competition, the financial impact of accounting regulations and critical accounting policies, the comparative cost of alternative fuels, credit risk relating to the risk of loss as a result of non-performance by our counterparties, impacts of world health events, including the COVID-19 pandemic, cybersecurity risks, geopolitical and business conditions in key regions of the world, our ability to realize the expected benefits from acquisitions, including our mergers with GEP Haynesville, LLC, Montage Resources Corporation and Indigo Natural Resources LLC, and any other factors described under Item 7. “Management's Discussion and Analysis of Financial Condition and Results of Operations” and under Item 1A. “Risk Factors” of our Annual Report on Form 10-K for the year ended December 31, 2021.
We have no obligation and make no undertaking to publicly update or revise any forward-looking statements, except as required by applicable law. All written and oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary statement.
Explanation of Non-GAAP Financial Measure
Leverage ratio is a non-GAAP financial measure. The Company defines leverage ratio as total debt less cash and cash equivalents divided by Adjusted EBITDA for the prior 12 month period.
Brittany Raiford
Director, Investor Relations
(832) 796-7906
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DENVER--(BUSINESS WIRE)--Fundare Resources Company, LLC (“Fundare” or the “Company”) today announced the formation of Moonrise Midstream, LLC (“Moonrise”), a wholly-owned subsidiary of Fundare Resources Operating Company, LLC.
Moonrise owns and operates midstream assets in the Niobrara-DJ Basin, around Fundare’s Redtail oil and gas operations in Northeast Weld County, Colorado. Moonrise’s assets include a 65 million cubic feet per day (MMcf/d) refrigeration gas processing plant that is expandable to 105 MMcf/d, over 22,000 horsepower of compression, 100 miles of gas gathering pipelines, downstream interconnects with Overland Pass NGL Pipeline/Trailblazer Residue Pipeline, and 25 miles of crude gathering pipelines that are tied into Tallgrass Energy Partners’ Pawnee crude oil terminal.
Cody Truitt, President & Chief Executive Officer of Fundare commented, “We are excited to form Moonrise Midstream located in an attractive area for expansion and upstream development. Moonrise will strategically grow its footprint in the DJ Basin through expanding dedicated processing for upstream producers and midstream companies.”
Moonrise provides the infrastructure and marketing support for Fundare’s Redtail oil and gas operations, and has recently entered into commercial agreements with Bison Oil & Gas III, LLC and a nearby third-party midstream company. Moonrise will begin processing dedicated volumes for Bison in the 3rd Quarter and currently processes offload gas for the third-party midstream company.
Daniel Seaver, Vice President of Midstream & Marketing for Fundare, added, “The Moonrise team and assets deliver exceptionally high runtimes of greater than 99.7% while processing volumes from our growing customer base. We provide a high level of pressure and flow assurance to our customers, and we look forward to continued growth and development of the asset.”
About Fundare Resources Company, LLC:
Fundare Resources Company, LLC is a private oil and gas company pursuing low risk, yield driven, producing properties that maximize shareholder returns through the implementation of advanced completion technologies and prudent, low-cost operatorship. Fundare, Latin for “laying a foundation”, is built around the principle of establishing a foundation of assets managed with Integrity, Teamwork and Transparency; proven values that have resulted in repeated success for its investors. Further information can be found at www.fundareresources.com.
About Moonrise Midstream, LLC:
Moonrise Midstream, LLC is a Denver-based, growth-oriented midstream company that develops and operates infrastructure assets to provide gas gathering, compression, processing, and NGL and natural gas marketing services to its customers. Moonrise has current assets in the Niobrara-DJ Basin. Moonrise Midstream, LLC is a wholly-owned subsidiary of Fundare Resources Operating Company, LLC. Further information can be found at www.moonrisemidstream.com.
Daniel Seaver
VP Midstream & Marketing
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720-868-1300
BOSTON--(BUSINESS WIRE)--SES AI Corporation (NYSE: SES), a global leader in the development and manufacturing of high-performance lithium-metal (Li-Metal) rechargeable batteries for electric vehicles (EVs) and other applications, headquartered in Boston, announced today that the company will participate in the Water Tower Research Fireside Chat Series on Thursday, June 23, 2022, at 2:00 pm EDT.
Qichao Hu, CEO of SES, will provide an overview of SES and opportunities in Battery-as-a-Service. If you are an institutional or retail investor, and would like to listen to the Company’s fireside chat, please click here to register for the event.
Event: WTR Fireside Chat Series: Qichao Hu, CEO of SES AI Corp.
Date: June 23, 2022
Time: 2:00 P.M. (Eastern Time)
Location: Virtual Conference
Company Webcasting Link: Fireside Chat: SES AI Corp. (SES) CEO Qichao Hu Will Provide an Overview of SES’s technology and opportunities in Battery-as-a-Service.
About SES
SES is a global leader in development and production of high-performance Li-Metal rechargeable batteries for electric vehicles (EVs) and other applications. Founded in 2012, SES is an integrated Li-Metal battery manufacturer with strong capabilities in material, cell, module, AI-powered safety algorithms and recycling. Formerly known as SolidEnergy Systems, SES is headquartered in Boston and has operations in Singapore, Shanghai, and Seoul. To learn more about SES, please visit: ses.ai/investors/
SES may use its website as a distribution channel of material company information. Financial and other important information regarding SES is routinely posted on and accessible through the Company’s website at www.ses.ai. Accordingly, investors should monitor this channel, in addition to following SES’s press releases, Securities and Exchange Commission filings and public conference calls and webcasts.
Investors: Eric Goldstein This email address is being protected from spambots. You need JavaScript enabled to view it.
Media: Irene Lam This email address is being protected from spambots. You need JavaScript enabled to view it.
BETHESDA, Md.--(BUSINESS WIRE)--Enviva Inc. (NYSE: EVA) (“Enviva,” the “Company,” or the “Borrower”) today announced that the Industrial Development Authority of Sumter County, Alabama (the “Issuer”), intends to issue its Exempt Facilities Revenue Bonds (Enviva Inc. Project), Series 2022 (Green Bonds) (the “Bonds” and such offering, the “Tax-Exempt Green Bond Offering” or the “Offering”) in the aggregate principal amount of $250,000,0001. The proceeds of the Offering will be loaned to Enviva pursuant to a Loan and Guaranty Agreement (the “Loan Agreement”) to fund all or a portion of the costs of the acquisition, construction, equipping, and financing of Enviva’s wood pellet production plant to be located in Epes, Alabama (the “Epes plant”) and to pay costs and expenses of the Offering.
Additional Details of Tax-Exempt Green Bond Offering:
The Bonds have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or under the securities laws of any other jurisdiction, on the basis of the Bonds being exempt securities pursuant to Section 3(a)(2) of the Securities Act.
This news release is neither an offer to sell nor a solicitation of an offer to buy any securities, including the Bonds, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offer or solicitation with respect to the Bonds will be made solely by means of the preliminary official statement.
About Enviva
Enviva Inc. (NYSE: EVA) is the world’s largest producer of industrial wood pellets, a renewable and sustainable energy source produced by aggregating a natural resource, wood fiber, and processing it into a transportable form, wood pellets. Enviva owns and operates ten plants with a combined production capacity of approximately 6.2 million metric tons per year in Virginia, North Carolina, South Carolina, Georgia, Florida, and Mississippi, and is starting construction on its 11th plant, which will be located in Epes, Alabama. Enviva sells most of its wood pellets through long-term, take-or-pay off-take contracts with primarily creditworthy customers in the United Kingdom, the European Union, and Japan, helping to accelerate the energy transition and to decarbonize hard-to-abate sectors like steel, cement, lime, chemicals, and aviation fuels. Enviva exports its wood pellets to global markets through its deep-water marine terminals at the Port of Chesapeake, Virginia, the Port of Wilmington, North Carolina, and the Port of Pascagoula, Mississippi, and from third-party deep-water marine terminals in Savannah, Georgia, Mobile, Alabama, and Panama City, Florida.
Cautionary Note Concerning Forward-Looking Statements
The information included herein and in any oral statements made in connection herewith include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included herein, are forward-looking statements, including statements regarding the completion, timing, and size of the proposed Offering and the anticipated use of proceeds thereof. When used herein, including any oral statements made in connection herewith, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms, and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, Enviva disclaims any duty to revise or update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date hereof. Enviva cautions you that these forward-looking statements are subject to risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Enviva. These risks include, but are not limited to: (i) economic and market conditions during the marketing of the Offering; (ii) our ability to use the proceeds of the Offering in compliance with the conditions of the Bonds and Green Bond principles; and (iii) other factors, as described in Enviva’s filings with the Securities and Exchange Commission (the “SEC”), including the detailed factors discussed under the heading “Risk Factors” in Enviva’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021, as supplemented in the Company's Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2021.
Should one or more of the risks or uncertainties described herein and in any oral statements made in connection therewith occur, or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. Additional information concerning these and other factors that may impact Enviva’s expectations and projections can be found in Enviva’s periodic filings with the SEC. Enviva’s SEC filings are available publicly on the SEC’s website at www.sec.gov.
1 Preliminary, subject to change.
INVESTOR:
Kate Walsh
Vice President, Investor Relations
+1 240-482-3856
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SAN DIEGO--(BUSINESS WIRE)--$DFCO #BrianBonar--An innovator in clean energy, healthcare, and technology, Dalrada Financial Corporation (OTCQB: DFCO, “Dalrada Financial Corporation,” “Dalrada”) announced the expansion of its executive leadership team naming Brian McGoff as President and Chief Operating Officer. Mr. McGoff’s achievements include implementing cost-effective strategies for executing domestic and international growth, building strong teams, and delivering enhanced business outcomes in evolving business climates.
“As Dalrada meets the fast-paced requirements of supplying immediate solutions for health and clean energy with disruptive technologies, products, and services, we welcome Brian McGoff as President and COO,” said Chairman and Chief Executive Officer Brian Bonar.
The newly-appointed McGoff states, "I am honored to join the Dalrada management team that oversees a fantastic portfolio of innovative companies and people. I have a clear vision and much excitement for driving growth, new revenue streams, and further aligning the products and services across all of Dalrada’s pillars."
A seasoned leader with more than 25 years of experience at companies including IBM, HSP Advisors, and Health Start Partners, Mr. McGoff guides operations, complex sales, M&A, tech transfer, early-stage software commercialization, business strategy, and executive communications.
His previous experience includes Business Transformation, Marketing, Strategy, Partner Alliances, M&A Transition, Venture Financing, Channel Strategies, Enterprise Sales, Complex Deal Making, Advanced Analytics, Applied Bioinformatics, Population Health, Patient Experience Management, Patient Engagement Strategy, and applying advanced technology for Non-Communicable Disease Groups (NCDs).
"Dalrada's focus is leading and playing a significant role in Green Energy, Health Care, Technology, and Manufacturing. Brian Bonar and his team have laid a strong foundation to scale and sustain consistent growth in these areas. With solid demand for Dalrada's products and services, I have the utmost confidence in our ability to impact those markets," said McGoff.
Positively impacting industries including health care, banking, emerging technology, and government, Mr. McGoff's business network spans the U.S., China, Japan, Korea, South Africa, Eastern/Western Europe, Australia, New Zealand, the Middle East, and Canada. Mr. McGoff serves on several business and advisory boards for national and local public sector and health care organizations.
In addition to overseeing Dalrada’s subsidiaries, Mr. McGoff reports directly to Dalrada’s Chairman and CEO; he has also been invited to join the Company’s Board of Directors.
Dalrada continuously creates innovative, impactful solutions to address the complex challenges of today and the future. To learn more about Dalrada Financial Corporation, please visit www.Dalrada.com.
About Dalrada (DFCO)
Dalrada Financial Corporation drives innovation that positively impacts people, businesses, and the planet. With subsidiaries that are firmly positioned in the world's top three-growing industries of healthcare, clean energy, and technology, Dalrada creates solutions that are sustainable, affordable, and accessible.
The company works continually to produce disruptive products and services that accelerate positive change for current and future generations. Dalrada's global solutions directly address climate change, post-pandemic gaps in the healthcare industry, and technology solutions for a new era of human behavior and interaction, ensuring a bright future for the world around us.
Established in 1982, Dalrada has since grown its footprint to include the unique business divisions: Dalrada Health, Dalrada Precision, and Dalrada Technologies. Please visit www.dalrada.com and follow us on Twitter, Facebook, and LinkedIn for more information.
Disclaimer
Statements in this press release that are not historical facts, the statements are forward-looking, including statements regarding future revenues and sales projections, plans for future financing, the ability to meet operational milestones, marketing arrangements and plans, and shipments to and regulatory approvals in international markets. Such statements reflect management's current views, are based on certain assumptions, and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors and will be dependent upon a variety of factors including, but not limited to, our ability to obtain additional financing that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company's expectations regarding these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the Company's success are more fully disclosed in the Company's most recent public filings with the US Securities and Exchange Commission ("SEC"), including its annual report on Form 10-K.
Denise Mahaffey
858.283.1253
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Decision supports reliable wastewater service
HONOLULU--(BUSINESS WIRE)--The Hawaii Public Utilities Commission has issued its order for Hawaii American Water to implement new rates for its Hawaii Kai customers. This is the first time Hawaii American Water has adjusted rates since 2011 and the updated rates are effective upon subsequent approval of final tariffs.
The new rates will provide approximately $1.7 million in additional annualized revenue and reflect the more than $32 million in investments to improve wastewater treatment and services that Hawaii American Water has made since 2011. Major projects have included the installation of ultraviolet disinfection treatment, a sludge de-watering facility, solar energy upgrades, upgrading pumps at its lift stations and treatment plant and other process improvements.
The typical increase for customers in single family homes will be $11.52. For the average single family customer monthly rates would increase from $67.08 to $78.60, for multi-family customers the cost for monthly service would increase from $57.08 to $66.88.
“This decision completes a vital process to sustain high-quality wastewater infrastructure and service,” said Lee Mansfield, Manager of Hawaii American Water. “We look forward to continuing to improve wastewater services for our Hawaii Kai customers.”
About Hawaii American Water: Hawaii American Water, a subsidiary of American Water, provides quality wastewater services to approximately 25,000 people.
About American Water: With a history dating back to 1886, American Water (NYSE: AWK) is the largest and most geographically diverse U.S. publicly traded water and wastewater utility company. The company employs more than 6,400 dedicated professionals who provide regulated and regulated-like drinking water and wastewater services to more than 14 million people in 24 states. American Water provides safe, clean, affordable and reliable water services to our customers to help keep their lives flowing. For more information, visit amwater.com and diversityataw.com. Follow American Water on Twitter, Facebook and LinkedIn.
Hawaii American Water Media
Evan Jacobs
Hawaii American Water
Director of External Affairs
Phone: 707-495-6135
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IRVING, Texas--(BUSINESS WIRE)--ExxonMobil and QatarEnergy today announced they have signed an agreement to further develop Qatar’s North Field East project, which will expand Qatar’s annual LNG capacity from 77 million tons to 110 million tons by 2026. The deal was announced at QatarEnergy’s headquarters in Doha.
“We are collaborating with QatarEnergy on North Field East to accelerate the production of secure, affordable and cleaner energy our world needs,” said Darren Woods, chairman and chief executive officer for ExxonMobil. “ExxonMobil has a long history of working in Qatar, responsibly producing energy, and we look forward to continuing our relationship for the benefit of all of our stakeholders.”
“Today, we are signing a partnership agreement with ExxonMobil, our strategic and long-term partner, with whom we have enjoyed successful and fruitful relations in Qatar and across the globe. This is primarily due to the mutual trust and confidence between both parties, and to the State of Qatar’s safe and stable investment climate,” said His Excellency Mr. Saad Sherida Al-Kaabi, president and chief executive officer of QatarEnergy. “We look forward to working closely with ExxonMobil to implement this world-scale project, and to live up to our commitment to power lives with cleaner energy in every corner of the world for a better tomorrow for all.”
With North Field East, ExxonMobil’s participation in Qatar LNG volumes is expected to increase total capacity from 52 to 60 million tons per year. Under the terms of the agreement, QatarEnergy and ExxonMobil will become partners in a new joint venture company (JV), in which QatarEnergy will hold a 75% interest with ExxonMobil holding the remaining 25% interest. The JV will own 25% of the entire North Field East project, including four LNG trains with a combined nameplate capacity of 32 million tons per year.
The expansion of North Field East and increased LNG export capacity is one of Qatar’s key energy objectives. QatarEnergy is the operator and commenced the North Field East project in 2019. First LNG from North Field East is expected in 2026.
ExxonMobil has had a presence in Qatar since 1955 and long supported the development of the country’s LNG industry and energy sector.
Terms of the agreement are confidential.
About ExxonMobil
ExxonMobil, one of the largest publicly traded international energy and petrochemical companies, creates solutions that improve quality of life and meet society’s evolving needs.
The corporation’s primary businesses - Upstream, Product Solutions and Low Carbon Solutions - provide products that enable modern life, including energy, chemicals, lubricants, and lower-emissions technologies. ExxonMobil holds an industry-leading portfolio of resources, and is one of the largest integrated fuels, lubricants and chemical companies in the world. To learn more, visit exxonmobil.com and the Energy Factor.
Follow us on Twitter and LinkedIn.
Cautionary Statement
Statements of future events or conditions in this release are forward-looking statements. Actual future results, including project plans, schedules, capacities, production rates, and resource recoveries could differ materially due to: changes in market conditions affecting the oil and gas industry or long-term oil and gas price levels; political or regulatory developments including obtaining necessary regulatory permits; reservoir performance; the outcome of future exploration efforts; timely completion of development and construction projects; technical or operating factors; the outcome of commercial negotiations; unexpected technological breakthroughs or challenges; and other factors cited under the caption “Factors Affecting Future Results” on the Investors page of our website at exxonmobil.com and under Item 1A. Risk Factors in our annual report on Form 10-K. The term “project” can refer to a variety of different activities and does not necessarily have the same meaning as in any government payment transparency reports.
Media Relations
(972) 940-6007
DUBLIN--(BUSINESS WIRE)--The "Solar Powered UAV Global Market Insights 2022, Analysis and Forecast to 2027, by Manufacturers, Regions, Technology, Application, Product Type" report has been added to ResearchAndMarkets.com's offering.
This report describes the global market size of Solar Powered UAV from 2017 to 2021 and its CAGR from 2017 to 2021, and also forecasts its market size to the end of 2027 and its CAGR from 2022 to 2027.
For the geography segment, regional supply, demand, major players, price is presented from 2017 to 2027.
This report covers the following regions:
The key countries for each region are also included such as the United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.
For the competitor segment, the report includes global key players of Solar Powered UAV as well as some small players.
The information for each competitor includes:
Applications Segment:
Types Segment:
Companies Covered:
Base Year: 2022
Historical Data: from 2017 to 2021
Forecast Data: from 2022 to 2027
Key Topics Covered:
Chapter 1 Executive Summary
Chapter 2 Abbreviation and Acronyms
Chapter 3 Preface
3.1 Research Scope
3.2 Research Sources
3.2.1 Data Sources
3.2.2 Assumptions
3.3 Research Method
Chapter 4 Market Landscape
4.1 Market Overview
4.2 Classification/Types
4.3 Application/End Users
Chapter 5 Market Trend Analysis
5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Threats
5.6 Covid-19 Impact
Chapter 6 Industry Chain Analysis
6.1 Upstream/Suppliers Analysis
6.2 Solar Powered Uav Analysis
6.2.1 Technology Analysis
6.2.2 Cost Analysis
6.2.3 Market Channel Analysis
6.3 Downstream Buyers/End Users
Chapter 7 Latest Market Dynamics
7.1 Latest News
7.2 Merger and Acquisition
7.3 Planned/Future Project
7.4 Policy Dynamics
Chapter 8 Trading Analysis
8.1 Export of Solar Powered Uav by Region
8.2 Import of Solar Powered Uav by Region
8.3 Balance of Trade
Chapter 9 Historical and Forecast Solar Powered Uav Market in North America (2017-2027)
9.1 Solar Powered Uav Market Size
9.2 Solar Powered Uav Demand by End Use
9.3 Competition by Players/Suppliers
9.4 Type Segmentation and Price
9.5 Key Countries Analysis
9.5.1 United States
9.5.2 Canada
9.5.3 Mexico
Chapter 10 Historical and Forecast Solar Powered Uav Market in South America (2017-2027)
10.1 Solar Powered Uav Market Size
10.2 Solar Powered Uav Demand by End Use
10.3 Competition by Players/Suppliers
10.4 Type Segmentation and Price
10.5 Key Countries Analysis
10.5.1 Brazil
10.5.2 Argentina
10.5.3 Chile
10.5.4 Peru
Chapter 11 Historical and Forecast Solar Powered Uav Market in Asia & Pacific (2017-2027)
11.1 Solar Powered Uav Market Size
11.2 Solar Powered Uav Demand by End Use
11.3 Competition by Players/Suppliers
11.4 Type Segmentation and Price
11.5 Key Countries Analysis
11.5.1 China
11.5.2 India
11.5.3 Japan
11.5.4 South Korea
11.5.5 Southest Asia
11.5.6 Australia
Chapter 12 Historical and Forecast Solar Powered Uav Market in Europe (2017-2027)
12.1 Solar Powered Uav Market Size
12.2 Solar Powered Uav Demand by End Use
12.3 Competition by Players/Suppliers
12.4 Type Segmentation and Price
12.5 Key Countries Analysis
12.5.1 Germany
12.5.2 France
12.5.3 United Kingdom
12.5.4 Italy
12.5.5 Spain
12.5.6 Belgium
12.5.7 Netherlands
12.5.8 Austria
12.5.9 Poland
12.5.10 Russia
Chapter 13 Historical and Forecast Solar Powered Uav Market in MEA (2017-2027)
13.1 Solar Powered Uav Market Size
13.2 Solar Powered Uav Demand by End Use
13.3 Competition by Players/Suppliers
13.4 Type Segmentation and Price
13.5 Key Countries Analysis
13.5.1 Egypt
13.5.2 Israel
13.5.3 South Africa
13.5.4 Gulf Cooperation Council Countries
13.5.5 Turkey
Chapter 14 Summary For Global Solar Powered Uav Market (2017-2022)
14.1 Solar Powered Uav Market Size
14.2 Solar Powered Uav Demand by End Use
14.3 Competition by Players/Suppliers
14.4 Type Segmentation and Price
Chapter 15 Global Solar Powered Uav Market Forecast (2022-2027)
15.1 Solar Powered Uav Market Size Forecast
15.2 Solar Powered Uav Demand Forecast
15.3 Competition by Players/Suppliers
15.4 Type Segmentation and Price Forecast
Chapter 16 Analysis of Global Key Vendors
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DALLAS--(BUSINESS WIRE)--Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, A Cooper Logistics, Inc. to EPES Logistics Services, Inc. The acquisition closed April 29, 2022.
Located in Oakwood, Georgia, A Cooper Logistics, Inc. (CLI) provides transportation and freight brokerage services. Specifically, the Company offers truckload (TL), over-dimensional, refrigerated, flatbed, partial truckload, and other freight delivery solutions. CLI is well known in the regional markets and has an excellent reputation for customer service and on-time completion of shipments. Due to its broad in-house capabilities and logistics expertise, the professional personnel at CLI are committed to providing the best and most cost-effective solutions to its clients.
EPES Logistics Services (EPES), located in Greensboro, North Carolina, has been delivering all types of cargo, safely and on-time for over 30 years. Over the years EPES has won numerous awards by local and industry leading publications, a testament to the quality of their services and personnel. The company provides truckload, LTL, and flatbed trucking services. EPES also provides cross border freight services to Mexico and freight management.
Generational Equity Executive Managing Director, M&A-Technology Practice Leader, David Fergusson, and his team led by Managing Director, M&A, Alex Mironov, with the support of Vice President of M&A, Emil Nirkis successfully closed the deal. Senior Managing Director, Rick Buchoz established the initial relationship with CLI.
“Nothing was more important to my client than finding a group that would continue to treat their employees like family. EPES Logistics is a high integrity organization, and I am happy to say that we found our perfect match,” said Mironov.
About Generational Equity
Generational Equity, Generational Capital Markets (member FINRA/SIPC), Generational Wealth Advisors, Generational Consulting Group, and DealForce are part of the Generational Group, which is headquartered in Dallas and is one of the leading M&A advisory firms in North America.
With more than 300 professionals located throughout 16 offices in North America, the companies help business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. Their six-step approach features strategic and tactical growth consulting, exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.
The M&A Advisor named the company Investment Banking Firm of the Year three years in a row and Valuation Firm of the Year in 2020. For more information, visit https://www.genequityco.com/ or the Generational Equity press room.
Carl Doerksen
972-342-0968
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US Solar is committed to community impact, donating $100,000 to ten local nonprofits and organizations as it breaks ground on its first Colorado community solar gardens.
PUEBLO, Colo.--(BUSINESS WIRE)--Today, US Solar announced the groundbreaking of USS Giveback, its first Community Solar Gardens with Black Hills Energy in Pueblo, Colorado. With enough capacity to power over 600 Colorado homes annually, the 2MW and 500 KW Solar Gardens will serve businesses, residents, municipalities and low to moderate income service organizations in the greater Colorado area. As part of its commitment to Black Hills Energy and the community, US Solar is donating $100,000 across ten local nonprofits and community organizations.
“We call these projects USS Giveback because that is our goal. We are committed to giving back to the communities that host our Solar Gardens by providing widespread benefits, like these donations, savings on energy bills, and bringing more clean energy online to the local grid,” said Reed Richerson, COO of US Solar. “Our largest donation to date will go to ten different organizations that are serving Pueblo and greater Colorado communities. We were thrilled to share these donations at the Pueblo Summer Solstice Festival.” Donation recipients include local schools, food banks, health resource organizations and housing support services.
Community Solar is a program that makes solar energy more accessible, allowing for multiple people, families, and businesses to participate in one large project, called a Community Solar Garden. A Sunscription℠ to a Community Solar Garden from US Solar allows companies and individuals to benefit from solar energy without the expensive upfront costs and hassle of solar panels on their property.
“As a recent solar customer, I am now seeing the benefits of adding solar power in our community. What’s even more exciting is the benefit for the families we work with,” said Zane Grant, Executive Director of Court Appointed Special Advocates for Children (CASA of Pueblo). CASA of Pueblo is one of US Solar’s donation recipients. “This community solar project will make a difference for our citizens by removing some of the financial burden and stress of accessing solar power while also benefiting our precious environment.”
Community Solar Gardens provide holistic benefits to the environment and community. US Solar has been a leader in adopting region-specific native deep-rooted prairie and pollinator habitat that restores and improves soil health, while increasing the air quality in the surrounding community. US Solar strives to work with local vendors and partners, bringing economic benefit to the community on top of direct financial benefit to subscribers. Community Solar Gardens also bring important infrastructure upgrades to the local energy grid.
US Solar is developing 14 Community Solar Gardens in Colorado and currently subscribing its Community Solar Gardens for Colorado Xcel Energy and Black Hills Energy customers. US Solar has worked with over 100 municipal and commercial customers, and nearly 3,000 residential customers. Businesses, residents, and affordable housing providers can sign up for a Sunscription at us-solar.com.
About US Solar
United States Solar Corporation ("US Solar") makes solar energy accessible with simple solutions that are as good for the wallet as for the environment. US Solar is a developer, owner, operator, and financier of solar generation and energy storage projects with a focus on emerging state markets and community solar programs. US Solar helps residents, public entities, and businesses reduce electricity costs with local, renewable energy. Additional information about partnerships with US Solar can be found at www.us-solar.com/partner. Additional information about US Solar and Solar Garden Sunscriptions can be found by visiting www.us-solar.com.
About Donation Recipients
CASA of Pueblo: CASA of Pueblo advocates for abused and neglected children by training volunteer advocates to speak up and fight for children.
POSADA of Pueblo: Posada of Pueblo provides housing and supportive services to empower homeless individuals and families in Pueblo County.
Health Solutions: Health Solutions provides medical and behavioral health services to enable Pueblo Area community members to live, work and contribute to their chosen community.
Care and Share Food Bank: Care and Share provides food to partner food pantries and meal sites across Southern Colorado to expand access to fresh, nutritious food across the region.
Pueblo Community College: Pueblo Community College serves over 9,300 students and in 2021 launched a Solar Certificate and Training program. They are working to expand this program into more clean energy fields such as electric vehicle technician.
Rural Local Initiatives Support Corporation: Rural LISC provides a wide range of services, like training, technical assistance, and financial support to address the challenges rural communities face.
Southeast Health Group: Southeast Health Group provides 24/7 behavioral health crisis intervention and brings an integrated approach to medicine for community members in southeast Colorado.
Otero Child Development Services – Head Start: Child Development Services Head Start provides early education services, parent education programs, and community partnerships in the Pueblo region.
Pueblo School District 60: Pueblo School District 60 serves over 15,000 students in the City of Pueblo, with a profile reflecting 80% of students qualifying for free and reduced lunch programs.
Pueblo County School District 70: Pueblo County School District 70 educates over 8,000 students across Pueblo County, and seeks to educate students to prepare them with the skills to engage with a rapidly changing world.
Greta Chizek
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DENVER--(BUSINESS WIRE)--Raisa Energy LLC (“Raisa”) has closed the industry’s first Oil and Gas Master Trust Securitization Program and has achieved the industry’s first “A” investment grade rating from Fitch Ratings, Inc. This groundbreaking transaction securitized a large, diversified portfolio of non-operated working interests and royalty interests consisting of more than 3,000 wellbores, under more than 50 operators, located in more than 20 counties across six world-class oil and gas basins in the United States.
“This transaction represents two important milestones in the evolution of the oil and gas securitization market,” said Raisa Energy Executive Vice President of Finance Hendrik Schroeder. “We are proud to be part of an industry-leading team that continues to innovate and match highly diversified and predictable assets with compelling financing structures.”
Guggenheim Securities, LLC ("Guggenheim") served as sole structuring advisor and sole placement agent in connection with the offering.
About Raisa Energy
Founded in 2014 and based in Denver, Raisa is an independent exploration and production company that creates value by owning and leasing mineral and non-operated working interests in major oil and gas basins across North America. Raisa uses advanced, proprietary technology and data analytics to make better investment decisions and achieve superior risk-adjusted returns. For more information, please visit www.raisaenergy.com.
Bevo Beaven
Redbird Communications
720.666.5064 m
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