IRVING, Texas--(BUSINESS WIRE)--ExxonMobil said today that Dan Ammann, former General Motors president and CEO of Cruise autonomous vehicle company, has been appointed president of ExxonMobil Low Carbon Solutions, effective May 1. Ammann replaces Joe Blommaert, who has elected to retire after 35 years of service.

“We welcome Dan to ExxonMobil and will use his knowledge and experience to continue to build our Low Carbon Solutions business,” said Darren Woods, chief executive officer and chairman. “I thank Joe for his contributions to the company’s success and the significant progress made in developing our lower-emissions business. I wish Joe all the best in retirement.”

Ammann was named CEO of Cruise, which is majority-owned by GM, in 2018, and was appointed president of GM in 2014. He was previously GM’s chief financial officer and joined GM as treasurer in 2010. He helped lead GM's initial public offering following the company’s 2009 restructuring.

Ammann began his career as an investment banker, starting at Credit Suisse First Boston in 1994 and moving to Morgan Stanley in 1999, where he was named a managing director in 2005. Ammann received a bachelor degree in management studies from the University of Waikato in New Zealand.

Blommaert, who has been president of Low Carbon Solutions since its creation in 2021, joined ExxonMobil Chemical in 1988 as a process engineer at the Rozenburg chemical plant in the Netherlands. Following assignments in the Netherlands, Belgium, and the United States, Blommaert was appointed regional director for Europe and Asia Pacific chemical operations in 2014 and became senior vice president of global operations for the Chemical business in 2019.

Blommaert has a master’s degree in chemical engineering from Delft University of Technology in the Netherlands.

ExxonMobil created the Low Carbon Solutions business to commercialize the company’s extensive low-emission portfolio with the objective to create long-term shareholder value and support global emission-reduction efforts.

Low Carbon Solutions is focused on commercializing low-emission business opportunities in carbon capture and storage, hydrogen and low-emission fuels, by leveraging the skills, knowledge and scale of ExxonMobil.

About ExxonMobil

ExxonMobil, one of the largest publicly traded international energy companies, uses technology and innovation to help meet the world’s growing energy needs. ExxonMobil holds an industry-leading inventory of resources, is one of the largest refiners and marketers of petroleum products, and its chemical company is one of the largest in the world. To learn more, visit exxonmobil.com and the Energy Factor.

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An Unprecedented Step Toward Achieving a Carbon-Neutral Society

TOKYO--(BUSINESS WIRE)--ENEOS Corporation (ENEOS) and Toyota Motor Corporation (Toyota) have signed a joint agreement to explore CO₂-free hydrogen production and usage at Woven City, the prototype city of the future that Toyota has started to develop in Susono City, Shizuoka Prefecture, Japan. Together with Toyota’s subsidiary Woven Planet Holdings, Inc. (Woven Planet), they will accelerate efforts by managing technical logistics.

As described in the Basic Agreement signed in 2021, ENEOS and Toyota have decided to commence construction and operation of a hydrogen refueling station in close proximity to Woven City to produce and supply CO₂-free hydrogen to Woven City and Fuel Cell Electric Vehicles (FCEVs) (Item 1 and 2 set forth below). Together, they will also research and design an efficient hydrogen supply and demand management system (Item 3 described below). The ENEOS hydrogen refueling station is scheduled to begin operations before the opening of Woven City in 2024-2025.

Items to be considered at the time of the Basic Agreement^*1

1. ENEOS to establish and operate a hydrogen refueling station in close proximity to Woven City
2. ENEOS to produce "green hydrogen," hydrogen derived from renewable energy, by electrolyzers at the aforementioned station and supply it to Woven City to be used at a stationary fuel cell generator that will be installed within Woven City by Toyota
3. Promote the use of hydrogen-powered fuel cell mobility for logistics in and nearby Woven City. Validate a base unit*² of hydrogen demand for those mobility logistics as well as build a supply and demand management system
4. Conduct joint advanced research on hydrogen supply at the demonstration hub to be established within Woven City

Items that have been decided in the joint development agreement this time

The ENEOS hydrogen refueling station will “produce” the hydrogen that will meet the energy needs of “users,” FCEVs in and around Woven City and Woven City as well. This collaboration expedites our progress toward realizing a truly carbon-neutral society and will facilitate and normalize clean energy operations first at Woven City and eventually the world.

Woven City is the project of Toyota aiming to create happiness through mobility of "people," "goods," and "information." It is focused on three pillars. That are: Human-Centered City that makes people happier in their everyday lives, considering the needs of different kinds of people before and during the development of technology; Living Laboratory, the first-of-its-kind test track for mobility where researchers, engineers, and scientists demonstrate innovative ideas and future technologies both virtually and in the real world; and Ever-Evolving City, rooted in Toyota’s kaizen (continuous improvement) approach, is focused on new ideas that provide better mobility of information, goods, and people.

*1 Announced on May 10, 2021 “ENEOS and Toyota Come Together to Make Woven City the Most Hydrogen-Based Society”
*2 Hydrogen can be supplied to FCEVs even during power outages by using stored hydrogen to operate a hydrogen refueling system with a stationary fuel cell generator. This allows the external power supply function of FCEVs to be utilized to provide power support where electricity is needed.
*3 The "base unit" is a standard of measurement required to ensure a result that is both practically valuable to users and commercially viable.

About ENEOS Corporation
Under ENEOS Holdings, Inc., the ENEOS Group has developed businesses in the energy and nonferrous metals segments, from upstream to downstream. The Group's envisioned goals for 2040 are: becoming one of the most prominent and internationally-competitive energy and materials company groups in Asia, creating value by transforming our current business structure, and contributing to the development of a low-carbon, recycling-oriented society with the pursuit of carbon-neutral status in its own CO2 emissions. ENEOS Corporation, one of the principal operating companies in the Group, is contributing to achievement of the Group's envisioned goals through a broad range of energy businesses.
https://www.hd.eneos.co.jp/english/
https://www.eneos.co.jp/english/

About Toyota Motor Corporation
Toyota Motor Corporation (Toyota) (NYSE: TM) is the global mobility company that introduced the Prius hybrid-electric car in 1997 and the first mass-produced fuel cell sedan, Mirai, in 2014. Headquartered in Toyota City, Japan, Toyota has been making cars since 1937. Today, Toyota proudly employs 370,000 employees in communities around the world. Together, they build around 10 million vehicles per year in 28 countries and regions, from mainstream cars and premium vehicles to mini-vehicles and commercial trucks, and sell them in more than 170 countries and regions under the brands Toyota, Lexus, Daihatsu and Hino.
For more information, please visit https://global.toyota/en

Woven Planet
Woven Planet is building the safest mobility in the world. A subsidiary of Toyota, Woven Planet innovates and invests in new technologies, software, and business models that transform how we live, work and move. With a focus on automated driving, smart cities, robotics and more, Woven Planet builds on Toyota's legacy of trust to deliver secure, connected, reliable, and sustainable mobility solutions for all.
Learn more at woven-planet.global.

End

Woven Planet Holdings, Inc.
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HOUSTON--(BUSINESS WIRE)--Archaea Energy Inc. (the “Company”) (NYSE: LFG) today announced the commencement of an underwritten public offering of 12,993,603 shares of the Company’s Class A common stock (the “Offering”) by an existing stockholder of the Company, Aria Renewable Energy Systems LLC (the “Selling Stockholder”). The Selling Stockholder intends to grant the underwriters a 30-day option to purchase up to an additional 1,949,040 shares of the Company’s Class A common stock. The Offering consists entirely of shares of Class A common stock to be sold by the Selling Stockholder, and the Company will not receive any proceeds from the sale of the shares being offered by the Selling Stockholder.

Barclays and Jefferies are acting as joint book-running managers for the Offering.

The Company has filed a registration statement on Form S-1 (Registration No. 333-260094) (including a base prospectus), which has been declared effective by the Securities and Exchange Commission (“SEC”). The Company has also filed a preliminary prospectus supplement with the SEC for the Offering. The Offering will be made only by means of a prospectus supplement and an accompanying prospectus. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, copies of the preliminary prospectus supplement and accompanying prospectus, as well as copies of the final prospectus supplement once available, may be obtained by contacting: Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at (888) 603-5847 or by email at This email address is being protected from spambots. You need JavaScript enabled to view it., or Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, New York 10022, by telephone at (877) 821-7388 or by email at This email address is being protected from spambots. You need JavaScript enabled to view it..

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these 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.

ABOUT ARCHAEA

Archaea Energy Inc. is one of the largest RNG producers in the U.S., with an industry-leading platform and expertise in developing, constructing, and operating RNG facilities to capture waste emissions and convert them into low carbon fuel. Archaea’s innovative, technology-driven approach is backed by significant gas processing expertise, enabling Archaea to deliver RNG projects that are expected to have higher uptime and efficiency, faster project timelines, and lower development costs. Archaea partners with landfill and farm owners to help them transform potential sources of emissions into RNG, transforming their facilities into renewable energy centers. Archaea’s differentiated commercial strategy is focused on long-term contracts that provide commercial partners a reliable, non-intermittent, sustainable decarbonizing solution to displace fossil fuels.

FORWARD-LOOKING STATEMENTS

This press release contains certain statements that may 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. Statements that do not relate strictly to historical or current facts are forward-looking and usually identified by the use of words such as “anticipate,” “estimate,” “could,” “would,” “should,” “will,” “may,” “forecast,” “approximate,” “expect,” “project,” “intend,” “plan,” “believe” and other similar words. Statements regarding the Offering, including the size thereof, are forward-looking statements and are subject to known and unknown risks and uncertainties that may cause actual results to differ materially from those expressed in such forward-looking statements. These risks and uncertainties include, but are not limited to, general market conditions and the ability to satisfy customary closing conditions related to the Offering. Other risks and uncertainties relating to the Company are described under Part I, Item 1A, “Risk Factors,” and elsewhere in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021 and other documents filed or to be filed with the SEC by the Company. In addition, the Company may be subject to currently unforeseen risks that may have a materially adverse impact on it. Forward-looking statements are based on current expectations, estimates, projections, targets, opinions and/or beliefs of the Company, and any forward-looking statement speaks only as of the date on which such statement is made. The Company does not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

ARCHAEA

Megan Light
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346-439-7589

Blake Schreiber
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346-440-1627

DUBLIN--(BUSINESS WIRE)--The "Solar PV Inverters Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)" report has been added to ResearchAndMarkets.com's offering.

The solar PV inverters market is expected to register a CAGR of more than 8% during the forecast period, 2022 - 2027.

Companies Mentioned

• ABB Ltd
• Schneider Electric SE
• Siemens AG
• Mitsubishi Electric Corporation
• Omron Corporation
• General Electric Company
• SMA Solar Technology AG
• Delta Energy Systems Inc.
• Enphase Energy Inc.
• SolarEdge Technologies Inc.
• Huawei Technologies Co. Ltd

Key Market Trends

Central Inverters Segment to Witness Growth

• Central inverters are highly efficient, and they are compatible with distinct features of the grid-like fluctuation management, balancing, etc. These inverters are generally huge and have their storage room, exhaust system, etc. These inverters are ideal for large commercial installations, industrial facilities, or utility-scale solar farms. However, their much smaller counterpart, string inverters, is sufficient for fulfilling household energy requirements for residential applications.
• The central inverter possesses several advantages over the other inverters, making them more attractive than others like string and microinverters. The investment for central inverters is less per watt than string or microinverters due to the fewer components and connections with low installation costs. Central inverters are housed in protective environments, decreasing the risk of failure by being exposed to the harsh environment. However, central inverters have a few negative points, which can hinder their growth over other inverters, but the situation is expected to get better in the near future.
• The shift from the conventional inverter to string inverter in the market can be observed in the increase in the number of project planners and developers considering using string inverters with a central architecture design. This is an approach that Sungrow has called the virtual central inverter concept, which brings together 1,500-volt string inverters, and the centralized command and control usually seen with central inverters.
• For instance, in January 2022, Sungrow launched a new 1+X central modular inverter with an output of 1.1MW that can connect to energy storage systems. The 1+X modular inverter can be stacked into eight units to reach a power of 8.8MW and features a DC/ESS interface for the connection of energy storage systems (ESS).
• Such developments are likely to increase the demand for the central inverters segment, thus contributing to significant growth for the solar PV inverters market during the forecast period.

Asia-Pacific to Dominate the Market

• The Asia-Pacific region dominated the solar PV inverter market in 2021, and it is expected to continue its dominance over the coming years. Most of the demand is expected to come from China, which is also the largest producer of solar energy in the world.
• In China, there has been an increased emphasis on solar inverters over the years, providing Zero-voltage Ride Through (ZVRT) scheme. To meet the scheme norms, the solar PV power plants must continue to operate without breaking. This is even more significant as the country hosts the largest amount of solar power generation globally.
• With the rising pollution concerns worldwide due to industrialization, especially in Asia-Pacific, regional solar power generation has gained considerable momentum. As part of the Paris Agreement commitments, the Government of India set an ambitious target of achieving 175 GW of renewable energy capacity by 2022. Out of the 175 GW, 100 GW was earmarked for solar capacity with 40 GW (40%), which was expected to be achieved through decentralized and rooftop-scale solar projects. To achieve this huge target, the government launched several new programs in 2019, like the solar rooftop phase-2, PM-KUSUM, and the development of ultra mega renewable energy power parks (UMREPPs).
• India's solar potential is more than 750 GW, and the country's energy security scenario 2047 shows a possibility of achieving around 479 GW of solar PV installed capacity by 2047. The solar power in India, bestowed with high solar irradiance, has already achieved grid parity that encourages the adoption of solar power as a mainstream energy source, pushing forward the capacity installations in the utility-scale and rooftop solar segments.

Key Topics Covered:

1 INTRODUCTION

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY

4 MARKET OVERVIEW

4.1 Introduction

4.2 Market Size and Demand Forecast in USD billion, till 2027

4.3 Recent Trends and Developments

4.4 Government Policies and Regulations

4.5 Market Dynamics

4.5.1 Drivers

4.5.2 Restraints

4.6 Supply Chain Analysis

4.7 Porter's Five Forces Analysis

5 MARKET SEGMENTATION

5.1 Inverter Type

5.1.1 Central Inverters

5.1.2 String Inverters

5.1.3 Micro Inverters

5.2 Application

5.2.1 Residential

5.2.2 Commercial and Industrial

5.2.3 Utility-scale

5.3 Geography

5.3.1 North America

5.3.2 Europe

5.3.3 Asia-Pacific

5.3.4 South America

5.3.5 Middle-East and Africa

6 COMPETITIVE LANDSCAPE

6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

6.2 Strategies Adopted by Leading Players

6.3 Company Profiles

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/npr1ca

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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MILPITAS, Calif.--(BUSINESS WIRE)--SolarEdge Technologies, Inc. (Nasdaq: SEDG) (“SolarEdge”) today announced the closing of its previously-announced underwritten public offering of 2,300,000 shares of its common stock at $295.00 per share (the “Common Stock”), for total gross proceeds of $678.5 million (before deduction for the underwriters’ discount and other offering expenses). This number includes 300,000 shares sold to the underwriters upon exercise of their option to purchase additional shares.

Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC acted as joint book-running managers for the Common Stock offering.

SolarEdge intends to use the net proceeds from the offering for general corporate purposes, which may include acquisitions. However, SolarEdge does not have agreements or commitments for any acquisitions at this time.

The offering was made pursuant to an effective shelf registration statement that had been filed with the Securities and Exchange Commission (the “SEC”). A copy of a final prospectus supplement with respect to the offering of the Common Stock and the accompanying prospectus have been filed with the SEC and are available on the SEC’s website located at http://www.sec.gov. Copies of the final prospectus supplement and the accompanying prospectus related to the offering of Common Stock may also be obtained from Goldman Sachs & Co. LLC, 200 West Street, New York, New York 10282, Telephone: (866) 471-2526, Attention: Registration Department; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, Attention: Prospectus Department, 1155 Long Island Avenue, Edgewood, NY 11717, or via telephone: 1-866-803-9204; or Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, NY 10014, Attention: Prospectus Department .

This press release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any offer or sale of, the Common Stock in any state or jurisdiction in which the offer, solicitation, or sale would be unlawful.

Forward-Looking Statements

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified as such because the statements include information, among other things, concerning: the use of proceeds from the Offering, our possible or assumed future results of operations; future demands for solar energy solutions; business strategies; technology developments; financing and investment plans; dividend policy; competitive position; industry and regulatory environment; general economic conditions; potential growth opportunities; and the effects of competition. These forward-looking statements are often characterized by the use of words such as “may,” “believe,” “expect,” “anticipate,” “plan,” “project,” “will,” “projections,” “estimate,” or other words of similar import. Similarly, statements that describe future financial performance or plans or strategies are forward-looking statements.

Forward-looking statements are only predictions based on SolarEdge’s current expectations and projections about future events. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause SolarEdge’s actual results, levels of activity, performance or achievements to be materially different from those expressed or implied by the forward-looking statements. Given these factors, you should not place undue reliance on these forward-looking statements. These factors include, but are not limited to, the matters discussed in the section entitled “Risk Factors” of SolarEdge’s Annual Report on Form 10-K for the year ended December 31, 2021, filed on February 22, 2022, Current Reports on Form 8-K and other reports filed with the SEC. All forward-looking statements included in this release are given only as at the date hereof and SolarEdge assumes no obligation, and disclaims any duty, to update the forward-looking statements in this release.

You should not rely upon forward-looking statements as predictions of future events. The events and circumstances reflected in the forward-looking statements may not be achieved or occur. SolarEdge cannot guarantee future results, levels of activity, performance or achievements. SolarEdge is under no duty to update any of these forward-looking statements after the date of this release or to conform these statements to actual results or revised expectations.

Investor Contacts
SolarEdge Technologies, Inc.
Ronen Faier, Chief Financial Officer
+1 510-498-3263
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or
Sapphire Investor Relations, LLC
Erica Mannion or Michael Funari
+1 617-542-6180
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DUBLIN--(BUSINESS WIRE)--The "Residential Solar Energy Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)" report has been added to ResearchAndMarkets.com's offering.

The residential solar energy market is expected to register a CAGR of more than 10.5% during the forecast period of 2022 -2027.

Companies Mentioned

• Trina Solar Co., Ltd.
• Yingli Green Energy Holding Company Limited
• Canadian Solar Inc.
• JinkoSolar Holding Co., Ltd
• JA Solar Holdings Co Ltd
• Sharp Corporation
• ReneSola Ltd.
• Hanwha Q Cells Co., Ltd.
• SunPower Corporation
• Tesla, Inc.

Key Market Trends

Increasing Rooftop Solar Installations to Drive the Market

• The increasing adoption of solar PV systems in the residential sector is primarily driven by expected savings in electricity costs, the need for an alternative source of electricity, and the desire to mitigate climate change risk.
• During the forecast period, the demand for rooftop solar PV is expected to increase, on account of decreasing solar PV costs, supportive government policies for residential solar PV, FIT programs and incentives, and targets set by various governments for solar energy.
• The cost of electricity for residential rooftop solar PV applications has witnessed a rapid decline in recent years. The declining cost has resulted in a massive increase in the residential PV capacity globally. Many countries are increasing there residential rooftop targets favoring to this. For instance, in India, Ministry of New and Renewable Energy is aiming for 4 GW of residential PV installations by 2022.
• Furthermore, in the United States alone, the annual residential PV capacity increased significantly from 2.8 GW in 2019 to 3.1 GW in 2020. The capacity is further expected to increase in the coming years.
• The cost reductions are driven by continuous technological improvements, including higher solar PV module efficiencies. The industrialization of these highly modular technologies has yielded impressive benefits, from economies of scale and greater competition to improved manufacturing processes and competitive supply chains.
• All the above-mentioned factors have been driving the demand for residential solar energy over the study period.

Asia-Pacific to Dominate the Market

• Asia-Pacific has accounted for more than 30% of the global residential solar PV market and is expected to continue its dominance during the forecast period as well.
• In India, the residential PV installation cost is at USD 1000 per KW, which is higher when compared to its commercial counterpart (USD 692 per KW). However, the Indian costs of installations are cheaper when compared to the global installations i.e., average for both residential (USD 1638 per KW) and commercial (USD 1379 per KW).
• Moreover, China's Ministry of Finance (MOF) has allocated the total subsidy for solar PV in 2020, which is amounted to about CNY 1.5 billion (USD214 million), and CNY 500 million of this fund is allocated for residential rooftop PV only. Moreover, the subsidy budget was slashed by 50% from CNY 3 billion (in 2019).
• Moreover, in 2017, the South Korean government decided that in Seoul, the country's capital, it will implement solar panels in one-third of all the households by 2022. This, in turn, is expected to increase the country's existing residential solar capacity in the coming years. According to the plan, all new buildings would be required to install solar PV. Meanwhile, the existing buildings would be offered incentives to opt for solar PV. Furthermore, it is estimated that about 1 million solar power systems would be deployed in Seoul by 2022, among the 630,000 apartment verandas, 150,000 houses, and 220,000 buildings.
• Owing to the above-mentioned factors, the demand for residential solar energy is expected to increase over the forecast period in the Asia-Pacific region.

Key Topics Covered:

1 INTRODUCTION

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY

4 MARKET OVERVIEW

4.1 Introduction

4.2 Renewable Energy Mix, Global, 2020

4.3 Residential Solar Energy Installed Capacity and Forecast, in GW, till 2027

4.4 Recent Trends and Developments

4.5 Government Policies and Regulations

4.6 Market Dynamics

4.6.1 Drivers

4.6.2 Restraints

4.7 Supply Chain Analysis

4.8 Porter's Five Forces Analysis

5 MARKET SEGMENTATION - BY GEOGRAPHY

5.1 North America

5.2 Europe

5.3 Asia-Pacific

5.4 South America

5.5 Middle-East and Africa

6 COMPETITIVE LANDSCAPE

6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

6.2 Strategies Adopted by Leading Players

6.3 Company Profiles

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/m4eng3

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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IRVING, Texas--(BUSINESS WIRE)--The board of directors of Exxon Mobil Corporation said today that lead independent director Kenneth C. Frazier has announced his intention not to stand for re-election to the board at the annual meeting of shareholders on May 25.

Joseph (Jay) L. Hooley, former chairman and CEO of State Street Corp. and ExxonMobil director since 2020, has been selected by the independent directors to serve as lead director, effective after the annual meeting.

“The board of directors thanks Ken for his tireless work on behalf of the corporation and owes him a deep debt of gratitude,” said Darren Woods, chairman and chief executive officer. “I look forward to working closely with Jay as we continue to strengthen ExxonMobil’s industry leadership position, responsibly meeting global needs while leading in the energy transition.”

Frazier, executive chairman and former chairman and CEO at Merck & Co., Inc., will remain as independent lead director until the annual meeting. He was appointed to the role in 2020, and has been a member of the board since 2009. The role of the lead director has broad oversight responsibilities that were strengthened under Frazier’s leadership.

“ExxonMobil has made significant progress on its strategy to lead in financial and operating performance through the energy transition by leveraging its advantaged portfolio of traditional and lower-emission business opportunities,” said Frazier.

“I am grateful for the opportunity to have worked with so many talented people at the company, including Darren and the members of the board. I’m pleased with how our board has come together constructively over the past year to build on the company’s progress and momentum. After 13 years on the board, I have made the decision to move on for reasons unrelated to the company. Jay is a terrific choice as my successor, and I congratulate him on his new role.”

About ExxonMobil

ExxonMobil, one of the largest publicly traded international energy companies, uses technology and innovation to help meet the world’s growing energy needs. ExxonMobil holds an industry-leading inventory of resources, is one of the largest refiners and marketers of petroleum products, and its chemical company is one of the largest in the world. To learn more, visit exxonmobil.com and the Energy Factor.

Follow us on Twitter and LinkedIn.

Media Relations
972-940-6007

DUBLIN--(BUSINESS WIRE)--The "North America IoT in Oil & Gas Market, By Industry Stream (Upstream, Downstream, Midstream), By Solution (Sensor System, Communication & Networks, Data Management, Others), By Application, By Country, Competition Forecast & Opportunities, 2017-2027" report has been added to ResearchAndMarkets.com's offering.

North America IoT in oil and gas market value in the base year 2021 was USD7.30 billion, and it is anticipated to further grow with 12.16% CAGR during the forecast period, 2023-2027, to achieve a market value of USD14.72 billion by 2027F.

Surging demand for sensor-based tank monitoring, decreasing the safety risks related to the oil and gas industry and its working, is driving the growth of the North America IoT in Oil and Gas market in the upcoming five years. Also, the increased incorporation of internet and cloud-based services for the functioning of equipment, devices, and recording data, is also supporting the growth of the North America IoT in oil and gas market in the next five years.

Additionally, the growing trend of smart industries and efficient functioning demands technological advancements. Increasing research and development of smart technologies and their incorporation in technically sound devices are also major reasons for the growth of the North America IoT in Oil & Gas market in the future five years.

Moreover, developed countries like the United States have a large number of oil wells and reservoirs. The rapidly growing number of oil reservoirs is also aiding the market's growth.

Furthermore, advantages like better field communication, reduced costs of maintenance, real-time monitoring, digital oil-field infrastructure, reduced power consumption, mine automation, greater safety and security of assets to increase the productivity of each oil reservoir, further substantiates the growth of the North America IoT in Oil and Gas Market in the forecast years.

Upstream industries are anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years on account of increasing number of companies involved in identifying, extracting, or producing raw materials.

Moreover, increasing demand for the oil and gas from various end use industries and higher demand for the internet-based services to explore potential reservoirs of oil, are also driving the growth of the North America IoT in oil and gas market in the next five years.

Major market players in the North America IoT in Oil & Gas Market:

• IBM Corporation
• Microsoft Corporation
• Honeywell International Inc.
• Rockwell Automation Inc.
• Intel Corporation
• C3.ai, Inc.
• Adobe Inc.
• Cisco Systems Inc.
• Equinor ASA
• ABB Ltd.
• Siemens USA

Report Scope:

Years considered for this report:

• Historical Years: 2017-2020
• Base Year: 2021
• Estimated Year: 2022
• Forecast Period: 2023-2027

North America IoT in Oil & Gas Market, By Industry Stream:

• Upstream
• Midstream
• Downstream

North America IoT in Oil & Gas Market, By Solution:

• Sensor System
• Communication & Networks
• Data Management
• Others

North America IoT in Oil & Gas Market, By Application:

• Fleet & Asset Management
• Preventive Maintenance
• Pipeline Monitoring
• Security Monitoring
• Others

North America IoT in Oil & Gas Market, By Country:

• United States
• Canada
• Mexico

For more information about this report visit https://www.researchandmarkets.com/r/u34kx2

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

HOUSTON--(BUSINESS WIRE)--VOC Energy Trust (the “Trust”) (NYSE: VOC) on March 17, 2022 filed its Annual Report on Form 10-K for the year ended December 31, 2021 with the U.S. Securities and Exchange Commission (the “SEC”). The Annual Report on Form 10-K is available in the “SEC Filings” section of the Trust’s website at http://voc.q4web.com/home/default.aspx as well as on the SEC’s website at www.sec.gov.

Trust unitholders may also request a printed copy of the Annual Report on Form 10-K, which includes audited financial statements, free of charge by submitting a request in writing to:

VOC Energy Trust
The Bank of New York Mellon Trust Company, N.A., as Trustee
Elaina C. Rodgers
(713) 483-6020
601 Travis Street, Floor 16, Houston, TX 77002

VOC Energy Trust
The Bank of New York Mellon Trust Company, N.A., as Trustee
Elaina C. Rodgers
(713) 483-6020

DUBAI, United Arab Emirates & ZURICH--(BUSINESS WIRE)--Seed Group, a company of the Private Office of Sheikh Saeed bin Ahmed Al Maktoum, has announced a new strategic partnership with Nexxiot, a Swiss firm and TradeTech leader, to drive the adoption of cutting-edge supply chain technology to facilitate unparalleled capabilities in global trade.

Under the new partnership, Seed Group will help Nexxiot expand its operations in the UAE and the wider Middle East and North Africa region, furthering its strategy to propel the deployment of cutting-edge technologies and solutions to transform the logistics sector.

Known for its radical approach to trade technology, Nexxiot combines IoT (Internet of Things) sensor hardware, software, and Big Data analytics to empower clients and partners to optimize operations and create new data-driven services. This enables the region to continue to extend its status as a leading global trade hub.

Nexxiot’s trusted technology and global reputation for delivering unparalleled value enables all supply chain stakeholders to dramatically transform their operations.

The company’s technology portfolio includes products for real-time monitoring of load status of non-powered rail cars, temperature monitoring of sensitive cargo, and monitoring of any internal and external influences affecting cargo to reduce the risk of damage and optimise future transport.

Industrial IoT comes with various advantages that many sectors can benefit from, such as reduced costs, improved decision-making, asset tracking, remote monitoring, and greater energy efficiency.

In line with the UAE government’s vision for a more sustainable future, Nexxiot aims to enable a 5% reduction in global carbon dioxide cargo emissions by increasing efficiency in cargo transport and eliminating waste caused by inefficient routes, aligning with the UAE’s Net-Zero by 2050 initiative.

Hisham Al Gurg, CEO of Seed Group and the Private Office of Sheikh Saeed bin Ahmed Al Maktoum, said, “Considering the dramatic growth of the MENA region as a global trading hub, cutting-edge IoT and data has become more important than ever. Recognizing this global mega-trend, we look for partners that support our mission to further facilitate this growth. Every actor in the global supply chain requires transparency to create continuous improvement and drive value to their clients and partners. This creates wealth and enables us to reach our sustainability goals as well.”

“Bringing Nexxiot to the Middle East will greatly contribute to the UAE’s vision for a more sustainable future. We are very excited about starting our journey with them,” he added.

Stefan Kalmund, CEO of Nexxiot, said, “Unique new data and algorithms create transparency and process automation across maritime, rail, air and intermodal cargo transportation.”

“The Seed Group partnership takes this to the next level by delivering pioneering TradeTech services to all actors and facilitators across the UAE, the MENA region and beyond.”

The new collaboration will ensure new avenues for growth, enabling Nexxiot’s quest to revolutionize supply chains worldwide, reduce cargo emissions in the transportation sector, and protect the flow of cargo in the world.

A notable force in driving digital transformation across many vital industries, the Seed Group has formed numerous successful strategic partnerships with companies from all over the world looking to revolutionize industries through the deployment of cutting-edge technology and innovative solutions.

Over the past 16 years, the Seed Group has helped its partners accelerate their MENA region market entry through its strong base of connections in the market.

About Seed Group:

Over the past 16 years, Seed Group has formed strategic alliances with leading global companies representing diverse regions and industries. These companies have propelled their business interests and goals in the Middle East and North Africa region through the support and strong base of regional connections of the Seed Group. The Group’s goal is to create mutually beneficial partnerships with multinational organisations and to accelerate their sustainable market entry and presence within the MENA region. Seed Group has been a key point in the success of all its partners in the region, helping them reach their target customers and accelerate their businesses. The Private Office was established by Sheikh Saeed bin Ahmed Al Maktoum to directly invest in or assist potential business opportunities in the region, which meet The Private Office’s criteria.

For more information, visit www.seedgroup.com.

About Nexxiot:

Nexxiot is a driver of the digital logistics of tomorrow. By leading TradeTech and the digitalization of cargo transportation, Nexxiot empowers global shipping companies and suppliers to harness the power of their data through proprietary, cutting-edge technology and integrated data solutions to ensure accountability, security, and efficiency.

Nexxiot solutions track, find, and protect cargo worldwide via 700 network roaming partners. The company’s secure, industry-leading Cloud comprises data from over 2,5 billion traveled miles.

Headquartered in Zurich, Nexxiot operates throughout Europe and the U.S., employing people from 21 countries. Committed to sustainability through corporate and social responsibility, Nexxiot’s goal is to enable a five percent reduction in global supply chain carbon dioxide emissions by increasing cargo transport efficiency and eliminating waste caused by empty runs and inefficient routes.

For more information, visit www.nexxiot.com.

Seed Group
Nomarie Jean Lacsamana
T: +971 4 373 5068
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Nexxiot AG
Kevin Hohmann
T: +49 (0)30 20 61 41 30 50
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HOUSTON--(BUSINESS WIRE)--MV Oil Trust (the “Trust”) (NYSE: MVO) on March 17, 2022 filed its Annual Report on Form 10-K for the year ended December 31, 2021 with the U.S. Securities and Exchange Commission (the “SEC”). The Annual Report on Form 10-K is available in the “SEC Filings” section of the Trust’s website at http://mvo.q4web.com/home/default.aspx as well as on the SEC’s website at www.sec.gov.

Trust unitholders may also request a printed copy of the Annual Report on Form 10-K, which includes audited financial statements, free of charge by submitting a request in writing to:

MV Oil Trust
The Bank of New York Mellon Trust Company, N.A., as Trustee
Elaina C. Rodgers
(713) 483-6020
601 Travis Street, Floor 16, Houston, TX 77002

MV Oil Trust
The Bank of New York Mellon Trust Company, N.A., as Trustee
Elaina C. Rodgers
(713) 483-6020

COLUMBUS, Ohio--(BUSINESS WIRE)--Hexion, a global leader in waterborne and lower VOC coating solutions, will highlight the latest application development advances with its VeoVa™ Vinyl Esters and Cardura™ Glycidyl Ester technologies at the American Coatings Show, April 5-7, at the Indiana Convention Center. Manufacturers looking to improve the performance and sustainability of their industrial or architectural coatings will be able to explore the most recent developments in VeoVa Silane technology and Cardura monomer solutions, as well as take a tour of Hexion’s recently launched VeoVa house (veovahouse.hexion.com).

VeoVa Silane technology, based on Hexion’s VeoVa vinyl ester monomers, enables the production of high-performance, versatile, and isocyanate-free resins that are very cost-competitive compared to acrylic- and epoxy-polysiloxane technologies. Such resins can be used by coating manufacturers to create more environmentally friendly protective, marine or wood coatings which deliver similar performance to two-component (2K) polyurethane coatings.

With Hexion’s Cardura glycidyl ester, it is easier to produce low-viscosity acrylic polyols (APOs) for lower-VOC solvent and waterborne binders. These APOs, in turn, enable regulatory compliance while delivering excellent durability and aesthetics in automotive and industrial coatings.

In addition to having technical experts available to discuss VeoVa and Cardura technologies and processes, Hexion will also feature its “VeoVa House” in Booth 2348. VeoVa House (veovahouse.hexion.com) is a new, easy-to-navigate, digital showroom of VeoVa vinyl ester applications in residential and commercial construction, including a variety of customer resources.

About the Company

Based in Columbus, Ohio, Hexion Inc. is a global leader in thermoset resins. Hexion Inc. serves the global adhesive, coatings, and industrial markets through a broad range of thermoset technologies, performance materials and technical support for customers in a diverse range of applications and industries. Additional information about Hexion Inc., its products and sustainability is available at www.hexion.com.

Media Contact:
John Kompa
614-225-2223
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For product inquiries:
Marcelo Herszenhaut
+1 678 2942972
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NEW YORK--(BUSINESS WIRE)--Piedmont Lithium Inc. (“Piedmont” or the “Company”) (Nasdaq:PLL; ASX:PLL) today announced the pricing of an upsized underwritten public offering of 1.75 million shares (“shares”) of its common stock (“Public Offering”), at a price per share to the public of $65.00, for aggregate gross proceeds of $113.75 million. Piedmont has granted the underwriters a 30-day option to purchase up to an additional 262,500 shares at the issue price of the Public Offering. The Public Offering is expected to close on March 24, 2022, subject to customary closing conditions.

Piedmont intends to use the net proceeds from the offering to fund the Company’s share of the capital required to restart the operations at North American Lithium in Quebec, to fund exploration and definitive feasibility studies at Eyowaa in Ghana, to advance the Company’s merchant lithium hydroxide plant in the southeastern United States, and to continue development of the Carolina Lithium Project, including ongoing permitting activities, engineering design, and property acquisition. Additionally, the net proceeds may be used to fund possible strategic initiatives and for general corporate purposes.

J.P. Morgan and Evercore ISI are acting as joint book-runners for the Public Offering. Canaccord Genuity, B. Riley Securities, BTIG, LLC, Clarksons Platou Securities, Inc., D.A. Davidson & Co., Jett Capital Advisors LLC, Loop Capital Markets, Roth Capital Partners, ThinkEquity and Tuohy Brothers are acting as co-managers for the Public Offering.

The Public Offering is being made pursuant to an effective shelf registration statement that has been filed with the U.S. Securities and Exchange Commission (the “SEC”). A final prospectus supplement related to the Public Offering will be filed with the SEC and made available on the SEC’s website at http://www.sec.gov and on the ASX website. Copies of the final prospectus supplement, when available, and the accompanying prospectus relating to the Public Offering may be obtained from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at (866) 803-9204 or by e-mail at This email address is being protected from spambots. You need JavaScript enabled to view it.; and Evercore Group L.L.C., Attention: Equity Capital Markets, 55 East 52nd Street, 35th Floor, New York, NY 10055, by telephone at (888) 474-0200 or by e-mail at This email address is being protected from spambots. You need JavaScript enabled to view it..

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

Forward-Looking Statements

This press release contains “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. In some cases, you can identify forward-looking statements by terms such as “anticipate,” “believe,” “expect,” “estimate,” “may,” “might,” “will,” “could,” “can,” “shall,” “should,” “would,” “leading,” “ objective,” “intend,” “contemplate,” “design,” “predict,” “potential,” “plan,” “target” and similar expressions are generally intended to identify forward-looking statements. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements. Such factors include, among others, risks related to: risks related to whether the Company will close the Public Offering on the expected terms, or at all; the anticipated use of the net proceeds of the Public Offering; the fact that the Company’s management will have broad discretion in the use of the proceeds from any sale of the shares; the risk that anticipated plans, development, production, revenues or costs are not attained; the Company’s operations being further disrupted and the Company’s financial results being adversely affected by public health threats, including the novel coronavirus pandemic; the Company’s limited operating history in the lithium industry; the Company’s status as a development stage company, including the Company’s ability to identify lithium mineralization and achieve commercial lithium mining; mining, exploration and mine construction, if warranted, on the Company’s properties, including timing and uncertainties related to acquiring and maintaining mining, exploration, environmental and other licenses, permits, access rights or approvals in Gaston County, North Carolina, the Province of Quebec, Canada and Cape Coast, Ghana as well as properties that Piedmont may acquire or obtain an equity interest in the future; completing required permitting activities required to commence processing operations for the LHP-2 Project; the Company’s ability to achieve and maintain profitability and to develop positive cash flows from the Company’s processing activities; the Company’s estimates of mineral reserves and resources and whether mineral resources will ever be developed into mineral reserves; investment risk and operational costs associated with the Company’s exploration activities; the Company’s ability to develop and achieve production on the Company’s properties; the Company’s ability to enter into and deliver products under supply agreements; the pace of adoption and cost of developing electric transportation and storage technologies dependent upon lithium batteries; the Company’s ability to access capital and the financial markets; recruiting, training and developing employees; possible defects in title of the Company’s properties; compliance with government regulations; environmental liabilities and reclamation costs; estimates of and volatility in lithium prices or demand for lithium; the Company’s common stock price and trading volume volatility; the development of an active trading market for the Company’s common stock; the Company’s failure to successfully execute its growth strategy, including any delays in the Company’s planned future growth; and other factors set forth in the Company’s most recent Transition Report on Form 10-KT and subsequent reports, as filed with the SEC.

All forward-looking statements reflect Piedmont’s beliefs and assumptions based on information available at the time the assumption was made. These forward-looking statements are not based on historical facts but rather on management’s expectations regarding future activities, results of operations, performance, future capital and other expenditures, including the amount, nature and sources of funding thereof, competitive advantages, business prospects and opportunities. By its nature, forward-looking information involves numerous assumptions, inherent risks and uncertainties, both general and specific, known and unknown, that contribute to the possibility that the predictions, forecasts, projections or other forward-looking statements will not occur. Although Piedmont has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, believed, estimated, or expected. Piedmont cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Except as otherwise required by the securities laws of the United States, Piedmont disclaims any obligation to subsequently revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. Piedmont qualifies all the forward-looking statements contained in this release by the foregoing cautionary statements.

About Piedmont Lithium

Piedmont Lithium is developing a world-class, multi-asset, integrated lithium business focused on enabling the transition to a net zero world and the creation of a clean energy economy in North America. The centerpiece of our operations, located in the renowned Carolina Tin Spodumene Belt of North Carolina, when combined with equally strategic and in-demand mineral resources, and production assets in Quebec, and Ghana, positions us to be one of the largest, lowest cost, most sustainable producers of battery-grade lithium hydroxide in the world. We will also be strategically located to best serve the fast-growing North American electric vehicle supply chain. The unique geology, geography and proximity of our resources, production operations and customer base, will allow us to deliver valuable continuity of supply of a high-quality, sustainably produced lithium hydroxide from spodumene concentrate, preferred by most EV manufacturers. Our planned diversified operations should enable us to play a pivotal role in supporting America’s move toward decarbonization and the electrification of transportation and energy storage. As a member of organizations like the International Responsible Mining Association, and the Zero Emissions Transportation Association, we are committed to protecting and preserving our planet for future generations, and to making economic and social contributions to the communities we serve.

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

Patrick Brindle
EVP – Chief Operating Officer
T: +1 412 818 0376
E: This email address is being protected from spambots. You need JavaScript enabled to view it.

- Air Greenland commits to purchasing or leasing from Avolon a fleet of Vertical Aerospace VX4 eVTOL aircraft

- Air Greenland is the first European airline to join Avolon’s eVTOL programme, starting its decarbonisation journey where it matters the most

DUBLIN & NUUK, Greenland--(BUSINESS WIRE)--Avolon, the international aircraft leasing company, announces that it has partnered with Air Greenland, the flag-carrier for Greenland, to bring zero-emissions travel to the region and help tackle the issue of climate change.

Avolon and Air Greenland will partner to form a Working Group to assess the opportunity to commercialise zero-emissions air travel in the region. The Working Group will also collaborate to identify local infrastructure and certification requirements for eVTOL aircraft. As part of the agreement, Air Greenland will commit to purchasing or leasing a fleet of VX4 eVTOL aircraft, manufactured by Vertical Aerospace (NYSE: EVTL) (‘Vertical’), from Avolon. Upon its introduction, the VX4 will be the most advanced and the safest eVTOL in the market and will be built to EASA safety certification standards – the most stringent global requirements and at the same level as commercial aircraft. The VX4 will be near silent when in flight and will have zero operating emissions, transporting four passengers and one pilot distances of over 100 miles at up to 200 miles per hour. The size of Air Greenland’s VX4 fleet will be defined at the conclusion of the Working Group’s assessment of the scale of the market opportunity.

Dómhnal Slattery, CEO of Avolon commented: “Since our initial order, we have seen airlines all over the world make a commitment to the zero emissions travel by selecting the VX4 aircraft as the first step in their decarbonisation journey. Today’s announcement with Air Greenland means we are taking zero-emissions travel to where climate change is having its most pronounced impact. We look forward to working with Air Greenland to bringing the zero-operating emission VX4 aircraft to where it matters the most.”

Jacob Nitter Sørensen, CEO of Air Greenland, commented: “Today’s announcement marks the start of our long-term sustainability journey, and we are excited about bringing zero emissions travel to our region. In Greenland, we see the effects of climate change every day and, as a company, we want to be at the forefront of the climate revolution. The VX4 aircraft will have many uses for Air Greenland and, through our partnership with Avolon, we look forward to welcoming our first travellers onboard in the near future – flying our guests to Ilimanaq Lodge to show the visible impacts that climate change is having on our country and planet.”

Stephen Fitzpatrick, CEO of Vertical Aerospace, commented: “We are delighted that Air Greenland has chosen the VX4 to bring zero emissions air travel to the region. This partnership is a significant first step in introducing sustainable air mobility to Greenland.”

About Avolon’s VX4 Order book

In June 2021, Avolon ordered 500 VX4 eVTOL aircraft from Vertical, valued at US $2 billion. Since announcing that order, Avolon placed 250 VX4 aircraft with Gol and Grupo Comporte in Brazil, up to 100 aircraft with Japan Airlines in Japan, and a minimum of 100 aircraft with AirAsia. Avolon has now placed up to 90% of its initial orderbook, underlining the demand for VX4 aircraft from the world’s leading airlines.

ENDS

About VX4 eVTOL Aircraft

The four passenger, one pilot VX4 is projected to have speeds up to 200mph, a range over 100 miles, near silent when in flight, zero operating emissions and low cost per passenger mile. The VX4 is expected to open up advanced air mobility to a whole new range of passengers and transform how we travel. Find out more: vertical-aerospace.com

About Avolon

Headquartered in Ireland, with offices in the United States, Dubai, Singapore, Hong Kong and Shanghai, Avolon provides aircraft leasing and lease management services. Avolon is 70% owned by an indirect subsidiary of Bohai Leasing Co., Ltd., a public company listed on the Shenzhen Stock Exchange (SLE: 000415) and 30% owned by ORIX Aviation Systems, a subsidiary of ORIX Corporation which is listed on the Tokyo and New York Stock Exchanges (TSE: 8591; NYSE: IX). Avolon is the world’s second largest aircraft leasing business with an owned, managed and committed fleet, as of 31 December 2021, of 824 aircraft.

Website: www.avolon.aero
Twitter: @avolon_aero

About Air Greenland

Air Greenland is owned by the Greenland Government and has flight operations to total of 62 destinations internally in Greenland and to and from Denmark and Iceland. The fleet consists of fixed-wing aircraft Airbus A330-200 and 7 Dash 8-200 to transport passengers and cargo, a King Air for medical evacuations and 17 helicopters of various types, which meets the need for passenger transport, mineral exploration, heliskiing, sightseeing, scientific expeditions, Search and Rescue, and in the maintenance of vital telecommunications infrastructure. As a key player in aviation on the world's largest island, Air Greenland aims to facilitate Greenland's infrastructure in a sustainable way by investing in the green conversion. To support a sustainable development in the tourism industry and the economic growth to the benefit of the country, Air Greenland supports the development of sustainable destinations and goals in the subsidiaries Hotel Arctic and Greenland Travel.

Website: www.airgreenland.com
LinkedIn: Air Greenland

About Vertical Aerospace

Vertical Aerospace is pioneering electric aviation. The company was founded in 2016 by Stephen Fitzpatrick, an established entrepreneur best known as the founder of the Ovo Group, a leading energy and technology group and Europe’s largest independent energy retailer. Over the past five years, Vertical has focused on building the most experienced and senior team in the eVTOL industry, who have over 1,700 combined years of engineering experience, and have certified and supported over 30 different civil and military aircraft and propulsion systems.

Vertical’s top-tier partner ecosystem is expected to de-risk operational execution and its pathway to certification allows for a lean cost structure and enables production at scale. Vertical has a market-leading pre-order book (by value) for a total of up to 1,350 aircraft from American Airlines, Avolon, Bristow and Iberojet, which includes conditional pre-order options from Virgin Atlantic and Marubeni, and in doing so, is creating multiple potential near term and actionable routes to market. Vertical’s ordinary shares listed on the NYSE in December 2021 under the ticker “EVTL”. Find out more: www.vertical-aerospace.com

Avolon
Ross O’Connor
Head of Capital Markets
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T: +353 1 231 5818

Jonathan Neilan/Sam Moore
FTI Consulting
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M: +353 86 231 4135/+353 87 737 9089

Air Greenland
Jacob Nitter Sørensen
CEO
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T: +299 34 34 34

Jørn Elfving Rasmussen
Technical Director
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T: +299 34 34 34

HOUSTON--(BUSINESS WIRE)--DXP Enterprises, Inc. (NASDAQ:DXPE), a leading products and service distributor that adds value and total cost savings solutions to MRO and OEM customers in virtually every industry, plans to issue a press release announcing its financial results for the fourth quarter ended December 31, 2021, on Friday, March 25, 2022, before the market opens, and to host a conference call to be web cast live on the Company’s website (www.dxpe.com) at 10:30 AM Central Time on Friday, March 25, 2022.

The preliminary results and an accompanying slide presentation will be on the "Investor Relations" section of DXP's website at www.dxpe.com.

DXP's earnings press release, the slides and other related presentation materials will be posted to the "Investor Relations" section of DXP's website under the subheading "Financial Information" prior to the earnings call and will remain available following the call.

The Private Securities Litigation Reform Act of 1995 provides a “safe-harbor” for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made by or to be made by the Company) contains statements that are forward-looking. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future; and accordingly, such results may differ from those expressed in any forward-looking statement made by or on behalf of the Company. These risks and uncertainties include, but are not limited to; ability to obtain needed capital, dependence on existing management, leverage and debt service, domestic or global economic conditions, and changes in customer preferences and attitudes. For more information, review the Company's filings with the Securities and Exchange Commission.

DXP Enterprises, Inc.
Kent Yee, 713-996-4700
Senior Vice President, CFO
www.dxpe.com

Urges Investors to vote FOR the Merger at its Special Meeting

Submit your vote through your broker, vote online (voting deadline is March 22 at 11:59pm ET) or at the shareholder meeting on March 23 at 1:00 pm CT (2:00pm ET)

MINNETONKA, Minn.--(BUSINESS WIRE)--Communications Systems, Inc. (Nasdaq: JCS) (“CSI” or the “Company”) today urges CSI shareholders to vote “FOR” Proposal #1 to approve the merger transaction with Pineapple Energy LLC (“Pineapple”), at the special meeting of shareholders that will be held on Wednesday, March 23, 2022 at 1:00 p.m. Central Time.

As of the close of the business day on March 21, 2022, approximately 62% of the CSI total outstanding shares have already voted in favor of Proposal #1. With at least two-thirds (66.67%) of CSI total outstanding shares needed for Proposal #1 to be approved, CSI reminds investors that every share is critical to the approval.

The CSI board of directors unanimously recommends that CSI shareholders vote ‘‘FOR’’ the Proposal #1.

The adjourned special meeting will continue to be held online at www.virtualshareholdermeeting.com/JCS2022SM. Also, the record date for determining CSI shareholders eligible to vote at the special meeting will remain the close of business on January 27, 2022.

How To Vote

Please use the voting control number that accompanied your proxy materials and vote your shares today. To have your shares represented at the special meeting as soon as possible, please utilize one of the following methods below:

• Vote by Internet: www.proxyvote.com
• Vote by phone: 1 (800) 690-6903
• Call 833-782-7141 to take the vote directly

For additional questions or if you need assistance with voting, please call our solicitor Proxy Advisory Group, LLC at: (833) 782-7141.

About Communications Systems, Inc.

Communications Systems, Inc. (Nasdaq: JCS), has operated as an IoT intelligent edge products and services company. For more information regarding CSI, please see www.commsystems.com.

Additional Information and Where to Find It; Participants in the Solicitation

In connection with the proposed merger with Pineapple, Communications Systems, Inc. (“CSI”) filed a registration statement on Form S-4 (File No. 333-260999) with the Securities and Exchange Commission (SEC) on November 12, 2021 (as amended, the “Registration Statement”). The Registration Statement includes a proxy statement/prospectus, and was declared effective by the SEC on February 3, 2022. Beginning February 4, 2022, a copy of the proxy statement/prospectus dated February 3, 2022 was sent to CSI shareholders as of the close of business on January 27, 2022, the record date established for the special meeting.

CSI URGES INVESTORS, SHAREHOLDERS AND OTHER INTERESTED PERSONS TO READ THE REGISTRATION STATEMENT AND PROXY STATEMENT/PROSPECTUS, AND ANY AMENDMENTS OR SUPPLEMENTS THERETO, AND ANY OTHER DOCUMENTS TO BE FILED WITH THE SEC IN CONNECTION WITH THE MERGER BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION.

The Registration Statement, preliminary and definitive proxy statement/prospectus, any other relevant documents, and all other documents and reports CSI filed with or furnishes to the SEC are (or, when filed, will be) available free of charge under the "Financial Reports" tab of the Investors Relations section of our website at www.commsystems.com or by directing a request to: Communications Systems, Inc., 10900 Red Circle Drive, Minnetonka, MN 55343. The contents of the CSI website is not deemed to be incorporated by reference into this press release, the Registration Statement, or the proxy statement/prospectus. The documents and reports that CSI files with or furnishes to the SEC are (or, when filed, will be) available free of charge through the website maintained by the SEC at http://www.sec.gov.

CSI and its directors and executive officers may be considered participants in the solicitation of proxies by CSI in connection with approval of the proposed merger and other proposals to be presented at the special meeting. Information regarding the names of these persons and their respective interests in the transaction, by securities holdings or otherwise, are set forth in the proxy statement/prospectus dated February 3, 2022. To the extent the Company's directors and executive officers or their holdings of the Company's securities have changed from the amounts disclosed in such filing, to the Company's knowledge, these changes have been reflected on statements of change in ownership on Form 4 on file with the SEC. You may obtain these documents (when they become available, as applicable) free of charge through the sources indicated above.

Forward Looking Statements

This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform A

of 1995, including statements regarding future financial performance, future growth, and future acquisitions. These statements are based on Communications Systems’ current expectations or beliefs and are subject to uncertainty and changes in circumstances. There can be no guarantee that the proposed transactions described in this press release will be completed, or that they will be completed as currently proposed, or at any particular time. Actual results may vary materially from those expressed or implied by the statements here due to changes in economic, business, competitive or regulatory factors, and other risks and uncertainties affecting the operation of Communications Systems’ business.

These risks, uncertainties and contingencies are presented in the Company’s Annual Report on Form 10-K and, from time to time, in the Company’s other filings with the Securities and Exchange Commission. The information set forth herein should be read considering such risks. Further, investors should keep in mind that the Company’s financial results in any period may not be indicative of future results. Communications Systems is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether because of new information, future events, changes in assumptions or otherwise. In addition to these factors, there are several additional factors, including:

- the conditions to the closing of CSI-Pineapple merger transaction may not be satisfied;

- the occurrence of any other risks to consummation of the CSI-Pineapple merger transaction, including the risk that the CSI-Pineapple merger transaction will not be consummated within the expected time period or any event, change or other circumstances that could give rise to the termination of the CSI-Pineapple merger transaction;

- the CSI-Pineapple merger transaction has involved greater than expected costs and delays and may in the future involve unexpected costs, liabilities or delays;

- the Company’s ability to sell its other legacy operating business assets and its real estate assets at attractive values;

- there is no assurance that CSI will receive any of the maximum $7.0 million earnout relating to the August 2, 2021 sale of CSI’s Electronics & Software Segment;

- the combined company will be entitled to retain ten percent of the net proceeds of CSI legacy assets that are sold pursuant to agreements entered into after the effective date of the merger;

- risks that the merger will disrupt current CSI plans and operations or that the business or stock price of CSI may suffer as a result of uncertainty surrounding the CSI-Pineapple merger transaction;

- the outcome of any legal proceedings related to the CSI-Pineapple merger transaction;

- the fact that CSI cannot yet determine the exact amount and timing of any additional pre-CSI-Pineapple merger cash dividends, if any, or the ultimate value of the Contingent Value Rights that CSI intends to distribute to its shareholders immediately prior to the closing of the CSI-Pineapple merger transaction; and

- the anticipated benefits of the proposed merger transaction with Pineapple may not be realized in the expected timeframe, or at all.

For Communications Systems, Inc.

Roger H. D. Lacey
Executive Chair and Interim Chief Executive Officer
+1 (952) 996-1674

Mark D. Fandrich
Chief Financial Officer
+1 (952) 582-6416
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The Equity Group Inc.
Lena Cati
Senior Vice President
+1 (212) 836-9611
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DALLAS--(BUSINESS WIRE)--New Concept Energy, Inc. (NYSE American: GBR), (the “Company” or “NCE”) a Dallas-based company, today reported Results of Operations for the fourth quarter and the full year ended December 31, 2021.

During the three months ended December 31, 2021 the Company reported a net loss from continuing operations of $49,000 compared to a net loss from continuing operations of $32,000 for the same period ended December 31, 2020.

For the full year ended December 31, 2021 the Company reported net income of $70,000 compared to a net loss from continuing operations of $52,000 for the same period ended December 31, 2020. In August 2020, the Company sold its oil and gas operation and recorded a gain of $1,968,000 which has been reflected as discontinued operations.

Fiscal 2021 as compared to 2020

Revenues: Total revenues from rent for the leased property was $101,000 in 2021 and 2020.

Operating Expenses: Operating expenses for the real estate property was $77,000 in 2021 and $72,000 in 2020. General and administrative expenses were $360,000 in 2021 and $396,000 in 2020.

Interest Income: Interest Income was $220,000 in 2021 as compared to $242,000 in 2020. The decrease was due to the reduction in the principal balance outstanding due to payments received.

Other Income: Other income was $191,000 in 2021 which is an income tax refund for prior years of $91,000 and $100,000 from the sale of a receivable that had been fully reserved in prior years. Other income was $85,000 in 2020 which is principally an income tax refund for prior years.

Discontinued Operations: During the first nine months of 2020 the Company recorded a net loss from its oil and gas operations of $170,000. In August 2020, the Company sold the oil and gas operation and recorded a gain of $2,138,000.

About New Concept Energy, Inc.

New Concept Energy, Inc. is a Dallas-based company which owns 190 acres of land located in Parkersburg, West Virginia. Located on the land are four structures totaling approximately 53,000 square feet. For more information, visit the Company’s website at www.newconceptenergy.com.

New Concept Energy, Inc.
Gene Bertcher, (800) 400-6407
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HOUSTON & REDWOOD CITY, Calif.--(BUSINESS WIRE)--Energy technology company Baker Hughes (NASDAQ: BKR) is collaborating with C3 AI (NYSE: AI), Accenture (NYSE: ACN) and Microsoft on industrial asset management (IAM) solutions for clients in the energy and industrial sectors.

The collaboration will focus on creating and deploying Baker Hughes IAM solutions that use digital technologies to help improve the safety, efficiency, and emissions profile of industrial machines, field equipment, and other physical assets. Applying their individual strengths, the four companies will collaborate on Baker Hughes IAM capabilities that help optimize plant equipment, operational processes, and business operations through improved uptime, increased operational flexibility, capital planning, and energy efficiency management.

The solutions will be designed for industries including oil and gas; renewable energy and thermal power generation; metals and mining; chemicals; and pulp and paper.

Baker Hughes, C3 AI, Accenture and Microsoft will also explore collaborating on solutions that help achieve net-zero carbon emissions and decarbonize energy and industrial sectors, including emissions management.

“This collaboration accelerates our growth strategy to provide differentiated IAM solutions that enhance our customer’s industrial operations by optimizing the performance of industrial equipment and processes,” said Lorenzo Simonelli, Baker Hughes chairman and CEO. “IAM connects industrial data to domain-specific insights for improved efficiencies and lowered energy use and emissions. We see this as an important step to support the industry’s net-zero targets.”

Baker Hughes, C3 AI, Accenture and Microsoft have a history of strategic collaboration, and each company brings specific expertise to accelerate IAM solution development for energy and industrial applications. Baker Hughes will provide domain-specific digital expertise and technology for industrial customers, including leading condition-monitoring software for mission critical machinery, industrial asset strategy advisors, proven machine and equipment edge sensor and related controls capabilities, enterprise AI capabilities from the BakerHughesC3.ai alliance for oil and gas and industrial applications, and proprietary original equipment manufacturer (OEM) analytics. Baker Hughes’ IAM portfolio also includes the recent acquisition of ARMS Reliability and a strategic alliance with Augury.

C3 AI will provide a flexible artificial intelligence (AI) application development platform that complements Baker Hughes technologies as well as extensive experience developing and deploying applications at scale for a wide range of equipment used across industries.

Accenture will help drive product innovation, design and development and provide strategic support and systems integration at scale, drawing on its experience to transform asset management across industries to help improve profitability and reduce risk.

Microsoft will provide secure cloud infrastructure for big data, advanced Microsoft Azure services including AI, Internet of Things (IoT), high performance computing (HPC) as well as modern work and business applications.

“This is an important effort, and we’re excited to participate in providing the core Enterprise AI technology,” said C3 AI Chairman and CEO Thomas M. Siebel. “Enterprise AI software is critical for increasing performance and ROI from industrial assets management solutions.”

“Through this unique collaboration, we are helping companies embed intelligence across their operations to increase performance and safety, advance decarbonization goals, and drive greater innovation and competitiveness,” said Julie Sweet, chair and CEO of Accenture.

“Together, we have a tremendous opportunity to deliver cloud-based technologies across customers’ industrial operations that enable them to reduce costs and increase efficiencies while advancing their net zero goals,” said Judson Althoff, Microsoft’s executive vice president and Chief Commercial Officer.

About Baker Hughes

Baker Hughes (NYSE: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and with operations in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner, and more efficient for people and the planet. Visit us at bakerhughes.com.

About C3.ai, Inc.

C3 AI is the Enterprise AI application software company. C3 AI delivers a family of fully integrated products including the C3 AI Suite, an end-to-end platform for developing, deploying, and operating enterprise AI applications and C3 AI Applications, a portfolio of industry-specific SaaS enterprise AI applications that enable the digital transformation of organizations globally.

About Accenture

Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Interactive, Technology and Operations services — all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 699,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities. Visit us at accenture.com.

Media Relations

For Baker Hughes:
Ashley Nelson
+1 925 316 9196
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For C3 AI:
Edelman
Lisa Kennedy
415-914-8336
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For Accenture:
Guy Cantwell
Accenture
+1 281 900 9089
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Investor Relations

For Baker Hughes:
Jud Bailey
+1-281-809-9088
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HOUSTON--(BUSINESS WIRE)--Archaea Energy Inc. (the “Company”) (NYSE: LFG) today announced the pricing of the previously announced underwritten public offering of 12,993,603 shares of the Company’s Class A common stock by an existing stockholder of the Company, Aria Renewable Energy Systems LLC (the “Selling Stockholder”), at a price to the public of $17.75 per share (the “Offering”). The Offering is expected to close on or about March 25, 2022, subject to the satisfaction of customary closing conditions. In addition, the Selling Stockholder has granted the underwriters a 30-day option to purchase up to an additional 1,949,040 shares of the Company’s Class A common stock. The Offering consists entirely of shares of Class A common stock to be sold by the Selling Stockholder, and the Company will not receive any proceeds from the Offering, including from any exercise by the underwriters of their option to purchase additional shares of the Company’s Class A common stock.

Barclays and Jefferies are acting as joint book-running managers for the Offering.

The Company has filed a registration statement on Form S-1 (Registration No. 333-260094) (including a base prospectus), which has been declared effective by the Securities and Exchange Commission (“SEC”). The Company has also filed a preliminary prospectus supplement with the SEC for the Offering. The Offering is being made only by means of a prospectus supplement and an accompanying prospectus. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, copies of the preliminary prospectus supplement and accompanying prospectus, as well as copies of the final prospectus supplement once available, may be obtained by contacting: Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at (888) 603-5847 or by email at This email address is being protected from spambots. You need JavaScript enabled to view it., or Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, New York 10022, by telephone at (877) 821-7388 or by email at This email address is being protected from spambots. You need JavaScript enabled to view it..

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these 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.

ABOUT ARCHAEA

Archaea Energy Inc. is one of the largest RNG producers in the U.S., with an industry-leading platform and expertise in developing, constructing, and operating RNG facilities to capture waste emissions and convert them into low carbon fuel. Archaea’s innovative, technology-driven approach is backed by significant gas processing expertise, enabling Archaea to deliver RNG projects that are expected to have higher uptime and efficiency, faster project timelines, and lower development costs. Archaea partners with landfill and farm owners to help them transform potential sources of emissions into RNG, transforming their facilities into renewable energy centers. Archaea’s differentiated commercial strategy is focused on long-term contracts that provide commercial partners a reliable, non-intermittent, sustainable decarbonizing solution to displace fossil fuels.

FORWARD-LOOKING STATEMENTS

This press release contains certain statements that may 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. Statements that do not relate strictly to historical or current facts are forward-looking and usually identified by the use of words such as “anticipate,” “estimate,” “could,” “would,” “should,” “will,” “may,” “forecast,” “approximate,” “expect,” “project,” “intend,” “plan,” “believe” and other similar words. Statements regarding the Offering, including the expected closing, are forward-looking statements and are subject to known and unknown risks and uncertainties that may cause actual results to differ materially from those expressed in such forward-looking statements. These risks and uncertainties include, but are not limited to, general market conditions and the ability to satisfy customary closing conditions related to the Offering. Other risks and uncertainties relating to the Company are described under Part I, Item 1A, “Risk Factors,” and elsewhere in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021 and other documents filed or to be filed with the SEC by the Company. In addition, the Company may be subject to currently unforeseen risks that may have a materially adverse impact on it. Forward-looking statements are based on current expectations, estimates, projections, targets, opinions and/or beliefs of the Company, and any forward-looking statement speaks only as of the date on which such statement is made. The Company does not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

ARCHAEA
Megan Light
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346-439-7589

Blake Schreiber
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346-440-1627

AUSTIN, Texas--(BUSINESS WIRE)--Hyliion Holdings Corp. (NYSE: HYLN) (“Hyliion”), a leader in electrified powertrain solutions for Class 8 semi-trucks, today announced that Mone Transport has ordered 20 units backed by deposits to secure Hypertruck ERX™ production slots. Based in Laredo, Texas, the door-to-door service provider is an early adopter of green technology, with Hyliion Hybrid diesel solutions already incorporated into its operations.

Having seen success with the implementation of Hyliion Hybrid products in its fleet, Mone Transport reserved 40 Hypertruck ERX units in July of 2021, and has converted 20 of those reservations to orders after their recent Ride and Drive experience at Hyliion’s headquarters. The order further demonstrates Mone’s commitment to sustainability, with a particular interest in improving fuel economy and driver experience, all while reducing its carbon footprint.

“From the outset of our work with Mone, it was apparent that they are a forward-thinking, technology-minded company and I’m thrilled that their interest in our powertrain solutions continues to grow with their Hypertruck ERX order,” said Thomas Healy, Founder and CEO of Hyliion.

“In showcasing our Hypertruck ERX over the past several months, it’s become increasingly clear that fleets need a practical solution that can help reduce their emissions while maintaining performance. I look forward to our continued collaboration with Mone Transport as they add these units to their fleet and advance on their path to electrification,” Healy added.

“The trucking industry is far behind when it comes to innovative technology, and we’re excited to play our part in helping accelerate the adoption of solutions that tackle climate change. These Hypertruck ERX units will enable us to break away from the volatile diesel fuel market and begin utilizing alternative fuels for a cleaner and more efficient fleet, benefiting our customers, drivers and the environment,” said Andres Garcia, President of Mone Transport.

About the Hypertruck ERX

The Hypertruck ERX™ is an electric powertrain that is recharged by an onboard natural gas generator for Class 8 commercial trucks that aims to provide lower operating costs, emissions reductions, and superior performance. Utilizing the 700+ commercial natural gas vehicle filling stations across North America, it enables long range and quick refueling, and when fueled with renewable natural gas, can provide net-negative carbon emissions to commercial fleets.

About Hyliion

Hyliion’s mission is to reduce the carbon intensity and greenhouse gas (GHG) emissions of Class 8 commercial trucks by being a leading provider of electrified powertrain solutions. Leveraging advanced software algorithms and data analytics capabilities, Hyliion offers fleets an easy, efficient system to decrease fuel and operating expenses while seamlessly integrating with their existing fleet operations. Headquartered in Austin, Texas, Hyliion designs, develops, and sells electrified powertrain solutions that are designed to be installed on most major Class 8 commercial trucks, with the goal of transforming the commercial transportation industry’s environmental impact at scale. For more information, visit www.hyliion.com.

Forward Looking Statements

The information in this press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, regarding Hyliion and its future financial and operational performance, as well as its strategy, future operations, estimated financial position, estimated revenues, and losses, projected costs, prospects, plans and objectives of management are forward looking statements. When used in this press release, including any oral statements made in connection therewith, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, Hyliion expressly disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements herein, to reflect events or circumstances after the date of this press release. Hyliion cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Hyliion. These risks include, but are not limited to, Hyliion’s ability to disrupt the powertrain market, Hyliion’s focus in 2022 and beyond, the effects of Hyliion’s dynamic and proprietary solutions on its commercial truck customers, accelerated commercialization of the Hypertruck ERX™, the ability to meet 2022 and future product milestones, the impact of COVID-19 on long-term objectives, the ability to reduce carbon intensity and greenhouse gas emissions and the other risks and uncertainties set forth in “Risk Factors” section of Hyliion’s annual report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on February 24, 2022 for the year ended December 31, 2021. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Should one or more of the risks or uncertainties described in this press release occur, or should underlying assumptions prove incorrect, actual results and plans could different materially from those expressed in any forward-looking statements. Additional information concerning these and other factors that may impact Hyliion’s operations and projections can be found in its filings with the SEC. Hyliion’s SEC Filings are available publicly on the SEC’s website at www.sec.gov, and readers are urged to carefully review and consider the various disclosures made in such filings.

Hyliion Holdings Corp.
Ryann Malone
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(833) 495-4466

Sharon Merrill Associates, Inc.
Nicholas Manganaro
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(617) 542-5300