Company inducted into TECTERRA’ S Hall of Fame for successful investment project and excellence in technology commercialization
CALGARY, Canada--(BUSINESS WIRE)--$BLN #TSX--Blackline Safety Corp. (TSX: BLN), a global leader of gas detection and connected safety solutions, today announced it has been named Company of the Year by TECTERRA Inc.
TECTERRA, a Canadian geomatics technology innovation support center, released the news as part of its 2021 TECTERRA Awards recognizing outstanding achievement in technology development in the Canadian geospatial community.
Blackline Safety was acknowledged for its impact on Canada’s geospatial landscape through its blending of GPS technologies, cloud-connected software and data analytics to help organizations around the world meet demanding safety challenges and increase productivity.
The company was also inducted into TECTERRA’s Hall of Fame, acknowledging Blackline Safety’s successful completion of its industry investment project and for achieving excellence in technology commercialization.
“We are thrilled to be recognized as Company of the Year by TECTERRA,” said Brendon Cook, Co-Founder and Chief Partnership Officer, Blackline Safety.
“This achievement is a testament to the efforts of our 450 dedicated and hardworking employees around the world and the effectiveness of our connected safety solutions in saving lives and improving performance. It also speaks to the strength of Canada’s geospatial landscape and the support we’ve been able to receive along the way — including from TECTERRA.”
“TECTERRA has a unique privilege to see innovative technologies in their infancy — and disruptive waves of change before they begin to occur — and we’ve tracked Blackline Safety’s growth from a start-up to the success story it is today,” said Jonathan Neufeld, CEO, TECTERRA Inc. “We’re proud of the work that Blackline Safety is doing, and their incredible growth over the years.”
Watch the award winners video announcement
About Blackline Safety
Blackline Safety is a global connected safety leader that helps to ensure every worker gets their job done and returns home safely each day. Blackline provides wearable safety technology, personal and area gas monitoring, cloud-connected software and data analytics to meet demanding safety challenges and increase productivity of organizations with coverage in more than 100 countries. Blackline Safety wearables provide a lifeline to tens of thousands of people, having reported over 159 billion data-points and initiated over five million emergency responses. Armed with cellular and satellite connectivity, we ensure that help is never too far away. For more information, visit www.blacklinesafety.com and connect with us on Facebook, Twitter, LinkedIn and Instagram.
About TECTERRA
TECTERRA Inc. is a national organization supporting the Canadian development and commercialization of geomatics technologies for integrated resource management. With current funding from the Province of Alberta and the Government of Canada, TECTERRA invests in technology solutions for energy, forestry, agriculture, environment, and land management and development applications. The first centre of its kind, TECTERRA works with industry, entrepreneurs, researchers, and government partners to enable the use of geomatics technologies in addressing local, national and global challenges in resource management. TECTERRA, a non-profit organization, is governed by an independent Board of Directors representing key industry sectors associated with TECTERRA's focus markets. For more information, visit tecterra.com.
MEDIA
Blackline Safety
Christine Gillies, CMO
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TECTERRA
Katy Conti, Marketing & Communication Manager
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NEWPORT BEACH, Calif.--(BUSINESS WIRE)--(OTC: GSTX) Graphene & Solar Technologies Limited, releases Shareholder Letter & Company Operational Update with current activities announcements including details of a 2021 US $47 million recent acquisition and updates of new corporate initiatives.
1. US $47 million acquisition in May 2021 of a “Thin-Film” technology company, Cima NanoTech, with 120 internationally registered unique Patented technologies and “thin-film” applications.
2. New Joint Venture Graphene production factory has been agreed upon to manufacture industrial and electronics grade Graphene. Plans are to commence production in June 2022.
3. Transparent clear flexible thin-film solar applications in final development of production processes and techniques.
4. Development of applications is ongoing for manufacturing low-cost high-output electric vehicle batteries and for Thin-film anti-freeze and auto-windshields heating applications, battery or solar-powered.
5. Manufacturing EMF shielding to eliminate electromagnetic interference in 5G Communication networks.
6. The Company-designed Water Extraction/Harvester unit, with no moving parts, is particularly suitable for remote locations designed to supply pure water for outdoor and indoor locations. Water Harvester units, and farms of parallel units can generate from the Air, 50 gallons to 10,000 gallons per day. The GSTX proprietary Water Harvester technology system will operate efficiently on mains power, solar, wind and/or battery power systems. The Water Harvester uses an active cooling system utilizing modern, energy-efficient control systems, energy-efficient cooling, and the system is designed to efficiently maximize energy use. A basic Water Harvester unit will have a service life of approximately 10+ years.
GSTX has also successfully developed sustainable (ESG) Alternative Energy Solutions, utilizing the new “wonder material” Graphene and GSTX “Thin-Film nano-technology”.
GSTX has also agreed upon establishing a Joint Venture with a US based Graphene manufacturer to locate an industrial and electronics- grade graphene production factory in Brisbane, Australia.
Thin-Film solar applications are a recent solar industry innovation. When combined with graphene and nanotech technologies, it significantly advances the efficiency of solar industry technologies.
Transparent, flexible, seamless, and light-weight solar panels will largely replace the existing cumbersome metal-framed solar installations, especially for solar powered windows in high-rise buildings, creating significant operating cost savings.
About Graphene & Solar Technologies Limited
GSTX is a leading-edge high-tech developer of Renewable Alternative Energy systems, “ESG” compliant, with exclusive rights to High Purity Quartz mineral deposits (15 million tons). The highly experienced GSTX International technology team has predominantly worked together since 2007 and has extensive knowledge on all aspects of the Photovoltaic (PV) solar industry, and essential materials production, as well as a unique knowledge and experience of supply essential production materials for the high-end electronics and semi-conductor production materials.
Shareholder Update -The attached Web-Link provides a complete copy of the recent September 2021 GSTX Shareholder Update.
Web-link to Graphene & Solar Technologies Shareholder Update: https://www.gstx.solar/documents/GSTX%20SHAREHOLDER%20UPDATE%20SEPTEMBER%202021.pdf
Forward-Looking Statements
All statements in this release that are not strictly historical facts are "forward-looking statements." Forward-looking statements are based on GSTX’s current assumptions, beliefs and expectations, and involve risks, uncertainties and other factors that may cause GSTX’s actual results to be materially different from any results expressed or implied by such forward-looking statements.
GSTX Contact: Roger May
Phone: US Toll Free (844) 301-4000
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Months-long, solar-powered e-bike ride through the United States aims to raise awareness about sustainability and clean energy
FARGO, N.D.--(BUSINESS WIRE)--Octopus Energy, a renewable energy retailer based in Houston, Texas, is a sponsor of the SunPedal Ride, an annual, solar powered electric bike ride across the U.S., which reached North Dakota this week. Conducted by Sushil Reddy, a Guiness World Record holder for longest e-bike ride, the SunPedal Ride is designed to encourage conversation about clean energy, sustainable mobility, and low-emission travel. Now on its 7th trip, the SunPedal Ride began on August 15, 2021 in Winston-Salem, North Carolina, and is scheduled to finish in early December in Houston, Texas after covering 6,498 miles of travel. Following completion of the journey, Octopus Energy will host an end-of-ride celebration in Houston, Texas commemorating a months-long journey across the country.
“Octopus Energy is proud to sponsor Sushil’s SunPedal ride and work closely with him to evangelize adoption of renewable energy and clean, low-carbon lifestyles worldwide,” said Michael Lee, CEO of Octopus Energy US. “This is a critical time for the global energy transformation and individual actions play a crucial role in driving us towards a greener, cheaper and more sustainable energy future. We look forward to hosting the SunPedal Ride team here in Houston this December.”
Reddy is also joined on this year’s SunPedal ride by Luis Fourzan, a lawyer, outdoor enthusiast, and sustainable energy advocate who resides in Mexico. Fourzan also participated in the 2018 SunPedal ride, which took place in Iceland, and recently became a partner in green energy financial company Rayema. Other countries where the SunPedal ride took place in past years include France and India, the latter of which was home to Reddy’s world record e-bike journey in 2016.
Each year, the SunPedal ride is made possible by a series of sponsors and supporting partners who help spread awareness about the trip. In addition to Octopus Energy, this year’s sponsors include: Oriden, Mitsubishi Power, Radisson Hotels, Radisson Rewards, Hypertrack, Streetlight Data, Sol Mobil, Grin Technologies, Schwalbe, Ortlieb, MPOWERD, E-Bike Lovers Association, Project Green Schools, DoorDash, Lumos, Quad Lock, Solgaard, and Arxtec.
Those interested in learning more about Sushil’s journey can visit www.thesunpedalride.com, follow updates on Twitter, Facebook, LinkedIn, and Instagram, or reach out via email to This email address is being protected from spambots. You need JavaScript enabled to view it..
ABOUT OCTOPUS ENERGY US
Octopus Energy Group is a technology-driven, renewable energy retailer, directly supplying over 2 million customers globally with 100% green electricity at a cheaper price and with a focus on incredible customer service. Founded five years ago as a global energy retailer, Octopus Energy entered the U.S. market in 2020, forming Octopus Energy U.S. and fueling the company’s global expansion. Octopus Energy is valued at over $2 billion and is one of energy-tech’s fastest-growing private companies. To learn more, visit: www.octopusenergy.com
Joe Ciccarello
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860-256-9005
HOUSTON--(BUSINESS WIRE)--Sunnova Energy International Inc. ("Sunnova") (NYSE: NOVA), one of the leading U.S. residential solar and storage service providers, has partnered with AutoGrid to provide reliable demand response resources to Clean Power Alliance’s (CPA) Power Response Program. Through this partnership, Sunnova and AutoGrid will implement and scale a comprehensive distributed energy resources program, executing on a key component in CPA’s strategic Clean Energy Future plan.
“In the wake of the state’s ongoing wildfires and increased grid outages, the 21st century homeowner is increasingly seeking reliable and affordable energy for their family’s needs,” said Michael Grasso, EVP, Chief Marketing and Growth Officer at Sunnova. “By committing the much needed behind the meter capacity from Sunnova’s Southern California customers while using AutoGrid’s Flex platform, homeowners will now be able to directly contribute to making their own local grid more stable and efficient by providing it with clean, resilient and distributed resources.”
CPA is California’s largest Community Choice Aggregator with one million accounts that represent three million people across Southern California. Through this partnership, Sunnova and AutoGrid are committing to find new ways for CPA to transform their energy landscape, thus supporting California’s push to increase incremental grid resources in the face of sustained energy demand challenges.
With this partnership Sunnova will use AutoGrid’s Flex platform to provide scalable Virtual Power Plant services with the company’s rapidly-expanding residential storage installations in Southern California. AutoGrid’s cloud-based platform will work with Sunnova to enhance the process with installers, homeowners, grid operators, and utilities to optimize and dispatch its storage fleet for increased benefit to both customers and the grid.
“Virtual Power Plants allow environmentally-conscious citizens to make a positive and tangible impact on the environment in their own communities,” said Amit Narayan, founder & CEO of AutoGrid. “AutoGrid is proud to partner with Sunnova to help accelerate energy transition to address the urgent issues of climate change and justice.”
Sunnova operates one of the largest fleets of residential solar energy systems across 30+ U.S. states and territories, comprising more than 944 megawatts of generation capacity and serving more than 162,000 customers (as of June 30, 2021).
With over 5,000 megawatts of assets under contract, and experience managing distributed energy resources in 12 countries, AutoGrid is the leading provider of energy flexibility management solutions globally.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events or Sunnova’s future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as “may,” “will,” “should,” “expect,” “plan,” “anticipate,” “going to,” “could,” “intend,” “target,” “project,” “contemplates,” “believe,” “estimate,” “predict,” “potential” or “continue” or the negative of these words or other similar terms or expressions that concern Sunnova’s expectations, strategy, priorities, plans or intentions. Forward-looking statements in this press release include, but are not limited to, statements regarding the development, implementation, and capabilities of the partnership, the provision of demand response resources, the scaling of the distributed energy resources program and virtual power plant services, and the impact of the program on customers and the grid, as well as statements regarding the growth potential for battery storage assets in California and other statements regarding the future. Sunnova’s expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including risks regarding our ability to forecast our business due to our limited operating history, the effects of the coronavirus pandemic on our business and operations, results of operations and financial position, our competition, changes in regulations applicable to our business, fluctuations in the solar and home-building markets, availability of capital, our ability to attract and retain dealers and customers and our dealer and strategic partner relationships. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in Sunnova’s filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2020 and our Quarterly Report on Form 10-Q for the quarter ended June 30, 2021. The forward-looking statements in this press release are based on information available to Sunnova as of the date hereof, and Sunnova disclaims any obligation to update any forward-looking statements, except as required by law.
About Sunnova
Sunnova Energy International Inc. (NYSE: NOVA) is a leading residential solar and energy storage service provider with customers across the U.S. and its territories. Sunnova's goal is to be the source of clean, affordable and reliable energy with a simple mission: to power energy independence so that homeowners have the freedom to live life uninterrupted®.
For more information, please visit sunnova.com
About AutoGrid
AutoGrid builds AI-powered software solutions that enable a smarter energy world. The company’s suite of flexibility management applications allows utilities, electricity retailers, renewable energy project developers and energy service providers to deliver clean, affordable and reliable energy by managing networked distributed energy resources (DERs) in real time, at scale through different value streams. AutoGrid’s flagship application, AutoGrid Flex, is ranked as the #1 Virtual Power Plant Platform in the world according to the global ranking published in 2020 by industry-leading research and analysis firm Guidehouse (formerly, Navigant Research). Additional information can be found at: auto-grid.com
Media Contacts
Jory White, AutoGrid
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Alina Eprimian, Sunnova
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Investor & Analyst Contact
Rodney McMahan, Sunnova
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281.971.3323
SAN RAMON, Calif.--(BUSINESS WIRE)--GE Digital today announced that the Bahrain Electricity & Water Authority (EWA) had signed a contract worth $28.7M for software and services to modernize the Kingdom of Bahrain’s electricity and water networks. A variety of GE Digital’s industry-leading Grid Software will be installed in a state-of-the-art control center that will digitize operations for increased efficiency and operations redundancy.
This remarkable end-to-end software solution spans the breadth of operations from transmission to distribution across the company’s essential electricity and water services. Its implementation will be integral to the country’s economic vision and strategy for the future.
“We at the Electricity & Water Authority are keen to provide electricity and water services at the highest level of quality and reliability to ensure sustainable development in the Kingdom of Bahrain, and to become a leading model for providing electricity and water services,” said H.E. Shaikh Nawaf Bin Ebrahim Al-Khalifa, Chief Executive Officer of the Bahrain Electricity & Water Authority. “This project will facilitate our goals to optimize asset and network utilization and minimize outages in the networks for reliability of supply.”
“EWA’s solution is unique in the region and the industry and we are proud to be a part of it,” said Talal Eskandar, Vice President for GE Digital’s commercial operations in the Middle East region. “As the authority serves 430,000 electricity and 310,000 water customers, digital solutions will assist in optimizing their customer service and asset management goals.”
Grid Software to be utilized in this solution include:
“GE Digital is happy to work with the Bahrain Electricity & Water Authority to help modernize their networks and increase resiliency with our solution,” said Jim Walsh, General Manager of GE Digital’s Grid Software business. “This is a good example of how our customers are being called on to transform their businesses to take advantage of digital capabilities that can help them to achieve their goals of increased grid capacity and reduced outages.”
More information about GE Digital’s Grid Software solutions can be found here.
About GE Digital
GE Digital transforms how our customers solve their toughest challenges by putting industrial data to work. Our mission is to bring simplicity, speed, and scale to digital transformation activities, with industrial software that delivers breakthrough business outcomes. GE Digital’s product portfolio – including grid optimization and analytics, asset and operations performance management, and manufacturing operations and automation – helps industrial companies in the utility, power generation, oil & gas, aviation, and manufacturing sectors change the way industry works. For more information, visit www.ge.com/digital.
Media contact:
Rachael Van Reen
GE Digital
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HOUSTON--(BUSINESS WIRE)--Cheniere Energy Partners, L.P. (“Cheniere Partners”) (NYSE American: CQP) today announced the early tender results as of 5:00 p.m., New York City time, on September 24, 2021 (the “Early Tender Deadline”) of its previously announced tender offer to purchase for cash any and all of its outstanding 5.625% Notes due 2026 (the “Notes”). In connection with the tender offer, Cheniere Partners also announced the results as of the Early Tender Deadline of the previously announced solicitation of consents (the “Consents”) from holders of the Notes (the “consent solicitation”) to the proposed amendment to the indenture with respect to the Notes (the “Indenture”) providing for the reduction of the minimum notice period for the optional redemption of the Notes by Cheniere Partners (the “Proposed Amendment”).
The terms and conditions of the tender offer and consent solicitation are described in an Offer to Purchase and Consent Solicitation Statement, dated September 13, 2021.
The aggregate principal amount of Notes validly tendered and not validly withdrawn at or prior to the Early Tender Deadline (the "Early Tender Notes"), as well as the percent of the aggregate principal amount of Notes outstanding constituting Early Tender Notes, is set forth in the table below. The consideration being offered for any such Early Tender Notes accepted for purchase in the tender offer and consent solicitation is also set forth in the table below:
Series
|
CUSIP
|
Aggregate
|
Aggregate
|
Percent of
|
Tender
|
Early
|
Total
|
5.625% Notes due 2026 |
16411QAD3 U16353AB7 |
$1,100,000,000 |
$672,331,000 |
61.12% |
$980.00 |
$50.00 |
$1,030.00 |
(1) |
Per $1,000 principal amount of Early Tender Notes accepted for purchase by Cheniere Partners. Excludes accrued and unpaid interest, which will be paid on Notes accepted for purchase as described below. |
(2) |
Includes the $50.00 early tender premium for the Early Tender Notes accepted for purchase. |
The tender offer and consent solicitation will expire at 12:01 a.m., New York City time, on October 12, 2021, unless extended, earlier expired or terminated by Cheniere Partners (such time and date, as the same may be extended, earlier expired or terminated by Cheniere Partners in its sole discretion, subject to applicable law, the “Expiration Date”). No tenders submitted after the Expiration Date will be valid. Subject to the terms and conditions of the tender offer and consent solicitation, holders of the Early Tender Notes will receive the total consideration, which includes the early tender premium for the Notes of $1,030.00 per $1,000 principal amount of Notes tendered. Holders who validly tender their Notes and deliver their Consents after the Early Tender Deadline and at or prior to the Expiration Date will be eligible to receive only the tender consideration, as set forth in the table above. Accrued and unpaid interest will be paid on all Notes validly tendered and accepted for purchase from the last interest payment date up to, but not including, the applicable settlement date.
The Early Settlement Date (as defined in the Offer to Purchase and Consent Solicitation Statement) for the Early Tender Notes is expected to be on September 27, 2021. Any Notes validly tendered and related Consents validly delivered after the Early Tender Deadline may not be withdrawn or revoked, except as required by law. Subject to the satisfaction or waiver of the conditions to the tender offer and consent solicitation, Cheniere Partners expects to accept for purchase any remaining Notes that have been validly tendered and not validly withdrawn after the Early Tender Deadline and at or prior to the Expiration Date promptly following the Expiration Date on the Final Settlement Date (as defined in the Offer to Purchase and Consent Solicitation Statement), which is expected to occur promptly following the Expiration Date.
In addition, holders of all Notes validly tendered and accepted for purchase pursuant to the tender offer and consent solicitation will receive accrued and unpaid interest on such Notes from the last interest payment date with respect to such Notes to, but not including, the Early Settlement Date or the Final Settlement Date, as applicable.
Cheniere Partners’ obligations to accept Notes and Consents on the Early Settlement Date or the Final Settlement Date, as applicable, are subject to, and conditioned upon, the satisfaction or waiver of certain conditions described in the Offer to Purchase and Consent Solicitation Statement, including, among others, Cheniere Partners consummating the Financing Condition (as defined in the Offer to Purchase and Consent Solicitation Statement) on terms satisfactory to it, and having funds available therefrom that will allow it to purchase the Notes pursuant to the tender offer and consent solicitation.
In addition, because Cheniere Partners received Consents in respect of a majority of the aggregate principal amount of the Notes then outstanding (excluding Notes held by Cheniere Partners or its affiliates) (the "Requisite Consents") as of the Early Tender Deadline, Cheniere Partners expects to execute and deliver a supplemental indenture to the Indenture giving effect to the Proposed Amendment promptly after accepting for purchase the Early Tender Notes on the Early Settlement Date. The Proposed Amendment is expected to become operative on the Early Settlement Date, after which Cheniere Partners intends to issue a notice of redemption to redeem all of the Notes not purchased pursuant to the tender offer and consent solicitation on the Early Settlement Date. This press release shall not constitute a notice of redemption under the Indenture or an obligation to issue a notice of redemption.
Cheniere Partners has retained RBC Capital Markets, LLC to act as the dealer manager and solicitation agent and Ipreo LLC to act as the tender and information agent for the tender offer and consent solicitation. For additional information regarding the terms of the tender offer and consent solicitation, please contact RBC Capital Markets, LLC collect at (212) 618-7843 or toll-free at (877) 381-2099. Requests for copies of the Offer to Purchase and Consent Solicitation Statement and questions regarding the tendering of notes and delivery of consents may be directed to Ipreo LLC at (212) 849-3880 (for banks and brokers) or (888) 593-9546 (all others, toll-free) or email This email address is being protected from spambots. You need JavaScript enabled to view it..
This press release is for informational purposes only and does not constitute an offer to purchase securities or a solicitation of an offer to sell any securities or an offer to sell or the solicitation of an offer to purchase any securities nor does it constitute an offer or solicitation in any jurisdiction in which such offer or solicitation is unlawful.
None of Cheniere Partners, the tender and information agent, the dealer manager and solicitation agent or the trustee (nor any of their respective directors, officers, employees or affiliates) makes any recommendation as to whether holders should tender their Notes pursuant to the tender offer and deliver any related consents, and no one has been authorized by any of them to make such a recommendation. Holders must make their own decisions as to whether to tender their Notes, and, if so, the principal amount of Notes to tender.
Forward-Looking Statements
This press release contains certain statements that may include “forward-looking statements.” All statements, other than statements of historical or present facts or conditions, included herein are “forward-looking statements.” Included among “forward-looking statements” are, among other things, statements regarding Cheniere Partners’ business strategy, plans and objectives, including statements regarding the intended conduct, timing and terms of the tender offer and consent solicitation, related financing plans and any future actions by Cheniere Partners in respect of the Notes. Although Cheniere Partners believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Cheniere Partners’ actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in Cheniere Partners’ periodic reports that are filed with and available from the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required under the securities laws, Cheniere Partners does not assume a duty to update these forward-looking statements.
Cheniere Partners
Investors
Randy Bhatia 713-375-5479
Media Relations
Eben Burnham-Snyder 713-375-5764
KENNESAW, Ga.--(BUSINESS WIRE)--Yamaha Marine introduced its HARMO electric outboard system to the U.S. market today during the 2021 International Boatbuilders Exhibition and Conference (IBEX®) in Tampa, Florida.
Coupling a 48-volt power supply with a high-yield, low-drag 3.7-kilowatt motor, HARMO’s rim-drive electric motor and specially encased impeller provide an incredible 225 pounds of static thrust - the equivalent of a conventional 9.9-horsepower gas-powered motor. Run times depend on battery type, size, configuration and operational parameters.
While rim drive motors have been deployed for thrusters and other marine applications, this is the first application in an outboard motor.
“HARMO is the perfect system for horsepower or internal-combustion restricted waterways. Ultimately, it is up to our boat builder customers to decide how to integrate it into their boats, and we are eager to see the result,” said Ben Speciale, President, Yamaha Marine U.S. Business Unit.
The system includes Helm Master® EX system controls (including the joystick) for simple, intuitive operation in a clean, quiet system. HARMO also features integrated Digital Electric Steering (DES), and a 140-degree total steering angle, combining strong, smooth acceleration with incredibly sharp handling and control. The control system can rotate a single-engine boat within its length and allows for true lateral operation in twin configuration. Additionally, its extreme 74-degree tilt angle helps keeps the impeller clear of the water when not in use.
The motor offers virtually silent operation, quick response, crisp and dramatic maneuvering, and easy-to-understand and operate controls. Available in single or twin configurations, the HARMO motor unit weighs 121 pounds and the system can effectively maneuver boats up to 32 feet in most conditions.
The latest product to emerge from Yamaha’s CommandBlue™ engineering and design philosophy, HARMO combines advanced propulsion technology, environmental awareness, future vision and proven joystick control to provide high thrust and maneuverability
Yamaha’s CommandBlue philosophy drives the design and development of new, connected technologies and technology-based products from the consumer’s perspective, specifically to simplify boating and instill deep feelings of confidence, satisfaction, and excitement while on the water.
Deriving its name from the harmony that exists between a vessel, its propulsion system, its passengers and the environment, HARMO is available through boat builders only and in European markets now. U.S. availability is expected within 18 months.
For boat builders, marine industry dealers, aftermarket suppliers and buyers, designers, repairers, surveyors, and boatyard/marine operators, IBEX® is the single source for the latest boatbuilding technologies, tools, and materials.
Yamaha Marine products are marketed throughout the United States and around the world. Yamaha Marine U.S. Business Unit, based in Kennesaw, Ga., supports its 2,400 U.S. dealers and boat builders with marketing, training and parts for Yamaha’s full line of products and strives to be the industry leader in reliability, technology and customer service. Yamaha Marine is the only outboard brand to have earned NMMA®’s C.S.I. Customer Satisfaction Index award every year since its inception.
REMEMBER to always observe all applicable boating laws. Never drink and drive. Dress properly with a USCG-approved personal floatation device and protective gear.
®2021 Yamaha Motor Corporation, U.S.A. All rights reserved.
This document contains many of Yamaha’s valuable trademarks. It may also contain trademarks belonging to other companies. Any references to other companies or their products are for identification purposes only and are not intended to be an endorsement.
Brad Massey
Manager, Corporate Communications and Video
Yamaha U.S. Marine Engine Systems
Office: (770) 701-3294
Mobile: (470) 227-9024
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Neal Wheaton
Wilder+Wheaton for
Yamaha Marine Engine Systems
Mobile: (404) 317-0698
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TULSA, Okla.--(BUSINESS WIRE)--Helmerich & Payne, Inc. (NYSE:HP) (“H&P” or the “Company”) announced today that it has priced its previously announced private offering (the “Offering”) of $550 million aggregate principal amount of 2.900% senior notes due 2031 (the “Notes”) to persons reasonably believed to be qualified institutional buyers in the United States pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to certain non-U.S. persons in transactions outside the United States pursuant to Regulation S under the Securities Act. The offering size was increased from the previously announced offering size of $500 million in aggregate principal amount.
The Company intends to use the net proceeds from the Offering, plus cash on hand, to redeem and retire all of the Company’s outstanding 4.65% Senior Notes due 2025 (the “2025 Notes”). As of the date of this press release, $487.1 million aggregate principal amount of the 2025 Notes are outstanding. The Offering is not conditioned on the redemption of the 2025 Notes.
The Offering is expected to close on September 29, 2021, subject to customary closing conditions.
The Notes have not been registered under the Securities Act or any state or foreign securities laws and may not be offered or sold in the United States or to, or for the benefit of, U.S. persons absent registration under, or an applicable exemption from, the registration requirements of the Securities Act and any applicable state or foreign securities laws.
This press release does not constitute an offer to sell or purchase, or a solicitation of an offer to sell or purchase, any security. No offer, solicitation, purchase or sale will be made in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The Offering is being made solely pursuant to a private offering circular and only to such persons and in such jurisdictions as are permitted under applicable law.
About Helmerich & Payne, Inc.
Founded in 1920, Helmerich & Payne, Inc. is committed to delivering industry leading drilling productivity and reliability. H&P operates with the highest level of integrity, safety and innovation to deliver superior results for our customers and returns for shareholders. Through its subsidiaries, the Company designs, fabricates and operates high-performance drilling rigs in conventional and unconventional plays around the world. H&P also develops and implements advanced automation, directional drilling and survey management technologies.
Forward-Looking Statements
This release includes “forward-looking statements” within the meaning of the Securities Act and the Securities Exchange Act of 1934, as amended, and such statements are based on current expectations and assumptions that are subject to risks and uncertainties. All statements other than statements of historical facts included in this release, including, without limitation, statements regarding the closing of the Offering, the intended use of proceeds or other aspects of the Offering and the Notes, and the redemption of the 2025 Notes, are forward-looking statements. For information regarding risks and uncertainties associated with the Company’s business, please refer to the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company’s filings with the Securities and Exchange Commission, including but not limited to its annual report on Form 10‑K, quarterly reports on Form 10‑Q and current reports on Form 8-K. As a result of these factors, the Company’s actual results may differ materially from those indicated or implied by such forward-looking statements. We undertake no duty to update or revise our forward-looking statements based on changes in internal estimates, expectations or otherwise, except as required by law.
IR Contact:
Dave Wilson, Vice President of Investor Relations
918-588-5190
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LONDON--(BUSINESS WIRE)--#Affiliates--TigerWit, a leading financial services provider, announces plans to open offices in Southern Africa in the Republic of Botswana. TigerWit plans to open its sales and customer service centre in the Republic of Botswana to expand its presence and education in the region due to the growing demand.
The company is planning to expand its presence to Southern Africa region through the company’s new Botswana office and a solid partnership with Cejay FX Trading Company, a local company that has offered online trading educational services for more than 5 years in the region.
Commenting on the recent announcement, Edmond Chukwujioke, Regional Director of TigerWit East Africa, said: “I am so proud of our TigerWit team for their hard work to bring financial knowledge & experience to the Southern African region. The opening of our offices in Botswana will be a milestone for the company and a great opportunity to be closer to our African clients and deliver an even higher quality of service while working side by side with our partners”.
TigerWit is currently offering its clients instant access to financial instruments including oil, shares and gold through the trading app on iOS and Android. Through the recent opening, TigerWit aims to accelerate its expansion in the Southern Africa region.
Mr Chukwujioke added: “Our trading technology is based on blockchain and rare within the region. This along with the innovative and advanced platforms and services we provide puts TigerWit well ahead of the curve, in line with the transparency we’re known for globally. I’m immensely excited about this new challenge, and I look forward to witnessing what we can achieve in the region and being able to greet clients to provide a personal touch”.
Statement from the CEO Gillian Lao Redding: “We are delighted to have partnered with a world class Broker TigerWit, that has been a front runner in innovation, excellent customer service and transparency in the Online Trading industry.
TigerWit’s copy trading platform has indeed made trading very easy for clients. We look forward to this strategic partnership and our doors are wide open to welcome to all our clients”.
TigerWit offers Forex, Stock and Oil trading to global clients via its award-winning app.
Alice Wang
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The company name change signals a new transition in algal biotech for climate mitigation solutions
SAN DIEGO--(BUSINESS WIRE)--Synthetic Genomics, Inc., a privately held biotechnology company, announced that it will begin operating under its new corporate name, Viridos, Inc., effective today. The name change from Synthetic Genomics to Viridos is part of the company’s broader effort to deploy its cutting-edge genomic expertise and algal engineering platforms that create transformative solutions to climate change.
“The name Viridos, drawn from the Latin word viridis, translating to green and fresh, represents our company’s mission to design revolutionary technologies, products and systems that enable businesses and governments to implement sustainable solutions needed to mitigate climate change,” said Viridos’ CEO, Dr. Oliver Fetzer. “It is my hope that our new name, Viridos, not only signals our best-in-class algal biotechnology, but also becomes a byword for a new bioeconomy of solutions that enable the world to decarbonize and build more sustainable systems.”
Founded in 2005 by leading figures in synthetic biology, including J Craig Venter and Hamilton Smith, Synthetic Genomics/Viridos quickly established itself as a powerhouse for innovative research, transplanting the first genome, synthesizing the first bacterial genome and creating the first synthetic cell. In addition to their work in sustainable algal biofuel, Viridos is deploying its expertise in algal genomics, photosynthesis and advanced agronomics to decarbonize other industries that need to operate more sustainably. Viridos’ algal biofuel research is part of a 12-year partnership with ExxonMobil to bring advanced biofuels to the transportation market.
“Our work with Viridos has helped advance the science of algae as a next generation biofuel and a lower-emission alternative for heavy transportation,” said Vijay Swarup, vice president for research and development at ExxonMobil Research and Engineering Company. “ExxonMobil is committed to researching, developing and deploying lower-carbon energy technologies that help society achieve its net zero ambitions.”
About Viridos
Viridos (formerly Synthetic Genomics, Inc) is a privately held biotechnology company harnessing the power of photosynthesis to create transformative solutions to mitigate climate change. Our unparalleled understanding of algal genetics and ability to translate innovation from lab to field underpins our initial deployment: a scalable platform to produce low-carbon intensity biofuels for aviation, commercial trucking, and maritime shipping. Building on a legacy of genomic firsts, our team of scientists and engineers are shaping new pathways toward a sustainable bioeconomy.
Kate Raley McIlroy - This email address is being protected from spambots. You need JavaScript enabled to view it.
7 Saturdays to a More Fire-Resistant Home helps Californians prepare for wildfire season
SAN FRANCISCO--(BUSINESS WIRE)--In the second episode of Pacific Gas and Electric Company’s (PG&E) digital video safety series, “7 Saturdays to a More Fire-Resistant Home,” customers will learn how to maintain 100-feet of defensible space around their property (or to the property line).
The “7 Saturdays” series is co-hosted by David Hawks, a PG&E Senior Public Safety Specialist and former CAL FIRE Chief of the Butte Unit. According to Hawks, “Taking the time to create and maintain defensible space by removing or reducing fuels on your property out to a 100-foot buffer around your home and other buildings will go a long way in reducing the spread and intensity of an active wildfire.” With over 31 years serving California as a firefighter, Hawks understands that simple tasks can help protect homes. This episode will show people:
You can watch the new episode now on the Safety Action Center (safetyactioncenter.pge.com), PG&E’s online preparedness resource, which provides information to help customers keep their families, homes, and businesses safe during natural disasters and other emergencies. New episodes will launch every week, for seven weeks, naturally.
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.
MEDIA RELATIONS:
415-973-5930
DEARBORN, Mich.--(BUSINESS WIRE)--Ford Motor Company is announcing plans to bring electric vehicles at scale to American customers with two new massive, environmentally and technologically advanced campuses in Tennessee and Kentucky that will produce the next generation of electric F-Series trucks and the batteries to power future electric Ford and Lincoln vehicles.
Ford plans to make the largest ever U.S. investment in electric vehicles at one time by any automotive manufacturer and, together with its partner, SK Innovation, plans to invest $11.4 billion and create nearly 11,000 new jobs at the Tennessee and Kentucky mega-sites, strengthening local communities and building on Ford’s position as America’s leading employer of hourly autoworkers.
An all-new $5.6 billion mega campus in Stanton, Tenn., called Blue Oval City, will create approximately 6,000 new jobs and reimagine how vehicles and batteries are manufactured.
Blue Oval City will become a vertically integrated ecosystem for Ford to assemble an expanded lineup of electric F-Series vehicles and will include a BlueOvalSK battery plant, key suppliers and recycling. Ford’s new Tennessee assembly plant is designed to be carbon neutral with zero waste to landfill once fully operational.
In central Kentucky, Ford plans to build a dedicated battery manufacturing complex with SK Innovation – the $5.8 billion BlueOvalSK Battery Park – creating 5,000 jobs. Twin battery plants on the site are intended to supply Ford’s North American assembly plants with locally assembled batteries for powering next-generation electric Ford and Lincoln vehicles. Investments in the new Tennessee and Kentucky battery plants are planned to be made via BlueOvalSK, a new joint venture to be formed by Ford and SK Innovation, subject to definitive agreements, regulatory approvals and other conditions.
“This is a transformative moment where Ford will lead America’s transition to electric vehicles and usher in a new era of clean, carbon-neutral manufacturing,” said Ford Executive Chair Bill Ford. “With this investment and a spirit of innovation, we can achieve goals once thought mutually exclusive – protect our planet, build great electric vehicles Americans will love and contribute to our nation’s prosperity.”
This news comes amid strong demand for the all-new Ford F-150 Lightning truck, E-Transit and Mustang Mach-E electric vehicles, and is on top of Ford’s recent announcement to expand production capacity and add jobs at the Ford Rouge Electric Vehicle Center in Dearborn, Mich.
“This is our moment – our biggest investment ever – to help build a better future for America,” said Jim Farley, Ford president and CEO. “We are moving now to deliver breakthrough electric vehicles for the many rather than the few. It’s about creating good jobs that support American families, an ultra-efficient, carbon-neutral manufacturing system, and a growing business that delivers value for communities, dealers and shareholders.”
Ford’s $7 billion investment is the largest ever manufacturing investment at one time by any automotive manufacturer in the U.S. Part of Ford’s more-than-$30 billion investment in electric vehicles through 2025, this investment supports the company’s longer-term goal to create a sustainable American manufacturing ecosystem, and to accelerate its progress towards achieving carbon neutrality, backed by science-based targets in line with the Paris Climate Agreement. Overall, Ford expects 40% to 50% of its global vehicle volume to be fully electric by 2030.
“We are proud to be partnering with Ford as they open a new chapter in automobile history,” said Dongseob Jee, president of battery business, SK Innovation. “We are excited to be taking this decisive leap together, as partners, and to bring about our common vision for a cleaner planet. Our joint venture, BlueOvalSK, will embody this spirit of collaboration. We look forward to growing our trust-based partnership by delivering on our market-leading value proposition, experience and cutting-edge expertise.”
All-new Ford Blue Oval City
Reimagining how electric vehicles – and the batteries that power them – are designed, manufactured and recycled, Ford is creating an all-new electric vehicle manufacturing ecosystem.
Blue Oval City will be among the largest auto manufacturing campuses in U.S. history. Like the iconic Rouge complex in Michigan did a century earlier, Blue Oval City will usher in a new era for American manufacturing.
The 3,600-acre campus covering nearly 6 square miles will encompass vehicle assembly, battery production and a supplier park in a vertically integrated system that delivers cost efficiency while minimizing the carbon footprint of the manufacturing process. The assembly plant will use always-on cloud-connected technologies to drive vast improvements in quality and productivity. The mega campus is designed to add more sustainability solutions, including the potential to use local renewable energy sources such as geothermal, solar and wind power.
“West Tennessee is primed to deliver the workforce and quality of life needed to create the next great American success story with Ford Motor Company and SK Innovation,” said Tennessee Gov. Bill Lee. “This is a watershed moment for Tennesseans as we lead the future of the automotive industry and advanced manufacturing.”
Creating approximately 6,000 jobs, Blue Oval City will be a hive of technical innovation to build next-generation electric F-Series trucks. This growth opportunity will allow Ford to reach new customers with an expanded electric truck lineup.
“Blue Oval City’s assembly plant will harness Ford’s global manufacturing expertise and cutting-edge technologies to deliver cost efficiencies and the quality that our customers expect,” said Kumar Galhotra, Ford president, Americas & International Markets Group. “This will enable Ford to lead in the race to bring dependable, affordable and advanced electric vehicles to even more Americans.”
Bigger assembly plant, smaller environmental impact
Despite its size, the assembly plant at Blue Oval City is designed to have as minimal an impact as possible on the surrounding environment – and even to generate positive impacts. The assembly plant’s goal is to have a regenerative impact on the local environment through biomimicry in design of the facility. From the start of production in 2025, Ford’s goal is for the assembly plant to be carbon neutral.
Through an on-site wastewater treatment plant, the assembly plant aspires to make zero freshwater withdrawals for assembly processes by incorporating water reuse and recycling systems. Zero-waste-to-landfill processes will capture materials and production scrap at an on-site materials collection center to sort and route materials for recycling or processing either at the plant or at off-site facilities once the plant is operational.
Ford is collaborating with Redwood Materials, a leading battery materials company, to make electric vehicles more sustainable and affordable for Americans by localizing the supply chain network, creating recycling options for scrap and end-of-life vehicles, and ramping up lithium-ion recycling. Ford believes battery recycling is essential for the success of an electrified future and has the potential to offer significant economic benefits as well as help solve for end-of-life battery recycling.
BlueOvalSK Battery Park
Joining the Ford electric manufacturing revolution is a planned $5.8 billion, 1,500-acre BlueOvalSK battery manufacturing campus in Glendale, Ky., which is targeted to open in 2025.
Twin co-located plants will be capable of producing up to 43 gigawatt hours each for a total of 86 gigawatt hours annually. Together, these American-made batteries will power next-generation electric Ford and Lincoln vehicles.
Bringing 5,000 new jobs to Kentucky, BlueOvalSK Battery Park will be centrally located to support Ford’s North American assembly plants’ footprint.
“We thank Ford Motor Company and SK Innovation for their investment in Team Kentucky,” said Kentucky Gov. Andy Beshear. “This is the single largest investment in the history of our state and this project solidifies our leadership role in the future of the automotive manufacturing industry. It will transform our economy, creating a better Kentucky, with more opportunities, for our families for generations. Our economy is on fire – or maybe it’s electric. Our time is now. Our future is now.”
Technician investments in Texas and the U.S.
Ford is investing $90 million in Texas alone as part of a $525 million total investment across the U.S. during the next five years to transform America’s auto technician industry. The investment will go toward job training and career readiness initiatives for the current and next generation of technicians. These programs aim to develop highly skilled technicians and will support Ford’s growing portfolio of connected electric vehicles.
About Ford Motor Company
Ford Motor Company (NYSE: F) is a global company based in Dearborn, Michigan, that is committed to helping build a better world, where every person is free to move and pursue their dreams. The company’s Ford+ plan for growth and value creation combines existing strengths, new capabilities and always-on relationships with customers to enrich experiences for and deepen the loyalty of those customers. Ford designs, manufactures, markets and services a full line of connected, increasingly electrified passenger and commercial vehicles: Ford trucks, utility vehicles, vans and cars, and Lincoln luxury vehicles. The company is pursuing leadership positions in electrification, connected vehicle services and mobility solutions, including self-driving technology, and provides financial services through Ford Motor Credit Company. Ford employs about 182,000 people worldwide. More information about the company, its products and Ford Motor Credit Company is available at corporate.ford.com.
About SK Innovation & Battery Business
Established as South Korea’s first oil refining company in 1962, SK Innovation engages in diverse areas of business, including exploration and production (E&P), batteries, and information and electronics materials. It owns SK Energy, South Korea’s No. 1 refining company; SK Global Chemical, the leader in the domestic petrochemical industry; SK Lubricants, a global lubricants company; SK Incheon Petrochem, a refining and chemical company; SK Trading International, a trader of crude oils and petrochemicals; and SK IE Technology, a global information and electronic material solution company. SK Innovation will split off its battery business on October 1 as a wholly owned subsidiary to accelerate business growth and promote corporate value. As part of their management system, SK Innovation pursues the maximization of happiness for all stakeholders. It is for this reason that SK Innovation recognizes the importance of and pays attention to social enterprise, a way to create social values through business.
For news releases, related materials and high-resolution photos and video, visit www.media.ford.com.
Martin Gunsberg
313.316.5319
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IPSC’s New Remote Operating Center Provides Fully Remote O&M Capabilities to Power Generation Companies Across the U.S.
ALISO VIEJO, Calif.--(BUSINESS WIRE)--IHI Power Services Corp. (IPSC), a leading owner and operator of power plants across the U.S., today announced the launch of its remote operating center (ROC). The ROC, based at the company’s headquarters in Aliso Viejo, Calif., extends its operations and maintenance (O&M) service capabilities to further support the renewable power generation sector. Officially opened last month, the ROC now provides IPSC clients truly remote operation, monitoring and start/stop control of existing simple cycle gas turbine peaking projects.
Fully staffed by its experienced team of power professionals, IPSC’s ROC is compliant with NERC Medium-Impact CIP security protocols to ensure the utmost safety and privacy for client assets. Clients utilizing IPSC’s ROC can expect the following service offerings:
“IPSC is proud to bring our cutting-edge and completely remote operating center to market and to our clients, 24 hours a day, seven days a week, 365 days a year,” said Steve Gross, president and chief executive officer at IPSC. “As a power generation company known for innovation, taking this next step to offer truly remote operations supports our long-term goal of helping companies transition to renewable energy while still ensuring optimal ROI for our clients.”
The ROC’s remote O&M services are beneficial in providing a centralized approach to plant management. Additionally, it gives customers a competitive edge with optimized financial performance through improved staffing. When customers switch to the ROC, it enables them to focus on future-forward business priorities while still meeting existing goals and objectives.
“Clients can rest assured that the ROC will provide continuous remote management to drive the next-generation efficiencies necessary in today’s competitive landscape,” continued Gross. “And with an encrypted cyber-secure VPN, they can feel confident that all information is completely protected.”
IPSC is a result-oriented leader in the power generation industry and known for providing world-class services to every project it oversees. As an owner-operator, IPSC understands that minimizing operational risks while maintaining regulatory and environmental compliance is key to the success and longevity of every facility.
To learn more about IPSC’s ROC, visit: https://www.ihipower.com/about/remote_operations_center.php.
ABOUT IHI POWER SERVICES CORP: IHI Power Services Corp’s (IPSC) parent company, IHI Corporation, based in Tokyo, Japan, is a heavy industrial manufacturing and services company. The company is active in several industries, including aerospace, shipbuilding, power generation, automotive and transportation infrastructure. IPSC was specifically formed to provide operations, maintenance, management and power plant support services to the U.S. power generation industry. The IPSC team of energy professionals delivers value-added service based on expertise gleaned through years of hands-on experience in the power generation industry. As an owner and operator, IPSC understands that minimizing operational risks and maximizing asset value while maintaining a safe work environment that is environmentally compliant is key to the success of every facility. By instituting proven programs, industry best practices and upholding the company’s guiding principles of growth, respect, accountability, integrity, and lack of limitation, IPSC provides world-class service to each of the more than 35 facilities and 14.5 gigawatts it manages. For more information, visit www.ihipower.com and follow IPSC on LinkedIn.
MEDIA CONTACT:
Leslie Licano, Beyond Fifteen Communications, Inc.
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HOUSTON--(BUSINESS WIRE)--NOV Inc. (NYSE: NOV) today announced Scott K. Duff Vice President, Corporate Controller and Chief Accounting Officer, notified the Company of his intention to retire. Mr. Duff will step down from his current role effective November 1, 2021 and remain employed as an advisor until his retirement on February 28, 2022. Christy H. Novak will succeed Mr. Duff as Vice President, Corporate Controller and Chief Accounting Officer effective November 1, 2021.
“On behalf of the entire organization I would like to thank Scott for his innumerable contributions during his nearly 18-year career with NOV,” commented Jose Bayardo, Senior Vice President and Chief Financial Officer. “Scott’s leadership, underpinned by intelligence, rigor, discipline and integrity, will have a lasting influence on our organization. I am especially grateful for the deep bench of talented professionals he developed and mentored within our accounting organization, including Christy Novak, who will carry forward his legacy of excellence. Scott will be greatly missed by all of us at NOV and we wish him the very best in his retirement.”
“We are excited to announce the promotion of Christy Novak to be NOV’s Chief Accounting Officer. As a key executive within our finance organization over the past 16 years, Christy has proven her capabilities as a builder and leader of high performing teams, a driver of continuous process improvements, and a strong technical accountant. She is a true professional and we are eager to see the positive impact she will have on our accounting group and on the broader organization as a member of the leadership team within NOV.”
Christy Novak has served as NOV’s Vice President of Accounting Systems since August 2020, where she has been leading efforts to design, implement, rationalize, and improve efficiencies of NOV’s accounting systems and processes. From October 2013 to August 2020, she served as the Vice President of Finance for the Company’s Rig Technologies operating segment. During her 16 years with NOV, Ms. Novak has advanced through several positions of increasing responsibility and successfully led initiatives to strengthen and streamline accounting functions. Prior to joining NOV, she spent nearly 10 years in public accounting with Ernst & Young where she served various audit clients in the manufacturing and energy industries. Ms. Novak graduated from Texas A&M University with a BBA in Accounting and is a Certified Public Accountant.
About NOV
NOV (NYSE: NOV) delivers technology-driven solutions to empower the global energy industry. For more than 150 years, NOV has pioneered innovations that enable its customers to safely produce abundant energy while minimizing environmental impact. The energy industry depends on NOV’s deep expertise and technology to continually improve oilfield operations and assist in efforts to advance the energy transition towards a more sustainable future. NOV powers the industry that powers the world.
Visit www.nov.com for more information.
Blake McCarthy
Vice President, Corporate Development and Investor Relations
(713) 815-3535
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LONDON--(BUSINESS WIRE)--Octopus Energy Group today announces a major strategic partnership with Generation Investment Management, a firm established in 2004 to back businesses driving sustainability and the fight against climate change, in a deal that valued the UK entech pioneer at $4 billion pre-deal, and up to $4.6 billion post-deal.
The agreement, which has been several months in the making, will see Generation’s Long-term Equity strategy take a stake of up to approximately 13% in the business. Octopus will use the proceeds of Generation’s strategic investment to turbo boost its mission to drive the renewable revolution globally.
Octopus’s technology platform, Kraken, is already contracted to deliver outstanding customer experience, hyper efficient operations and cleaner and smarter energy solutions to 17 million energy accounts globally, through Octopus’s own retail businesses in the UK, USA, Germany, Spain and New Zealand, plus licensing agreements with Good Energy, Hanwha Corporation, Origin Energy, nPower and E.ON.
Managing over £3b of renewable generation, Octopus is one of the UK’s leading electricity generators, creating enough green energy to power about 1.5m homes.
Octopus established the Centre for Net Zero, an independent London-based research facility that is taking the fight against climate change to government level, by bringing together the biggest and best brains in tech, environment, econometrics and policy to create research and tools that governments and businesses around the world will be able to use to accelerate the update of clean technologies and green energy.
They are also investing £10 million into the UK's first R&D and Training Centre for Decarbonisation of Heat, a 22,000m3 newly constructed state of the art facility dedicated to creating a greener, cheaper way of heating our homes by investigating heat pump and electric boiler solutions. The Centre combines the cutting edge of R&D, with two state of the art weather chambers and multiple test rigs adding hardware development and market expertise to their software heritage and setting the UK up for a stake in the global export of clean heating technologies. The Centre will also offer bespoke training capabilities to create thousands of jobs in this new sector over the next few years.
The deal sees Generation take up to an approximately 13% equity stake for consideration of up to $600 million, alongside an approximate $55 million equity investment from Origin Energy, to continue its global expansion and technology development. This will see Octopus enhancing its smart grid capability and commitment to driving the green energy revolution around the world, with an ambition to support 100 million energy accounts on Kraken by 2027.
In the last 18 months, the fast-growth disruptor has launched in the USA and Germany, as well as deepening its capabilities with the acquisition of Upside Energy, specialists in smart grid technology. In the UK it has launched Electric Juice, the UK’s first electric vehicle roaming network which has rapidly grown to over 100,000 charge points across Europe, and also partnered with Tesla to launch Tesla Power in the UK and Germany. Since launching to the market, Octopus has won more than 80 awards for its customer service, its technology and its business leadership, including the National Technology Awards, the International Business Awards and the USwitch Energy Awards. Octopus Energy is also the only company to be Recommended by the UK consumer association, Which?, for all of the last 4 years.
Speaking for Octopus Energy, Founder and CEO, Greg Jackson said:
“Whilst the UK energy market is currently in a tough state, it’s highlighted the need for investment in renewables and technologies to end our reliance on fossil fuels. So we are delighted to announce our agreement with Generation Investment Management, created to back sustainable companies changing the world for the better. 3 years ago, the management team of Octopus Energy met to discuss growth plans for our fledgling company. We watched An Inconvenient Sequel and were inspired to accelerate and expand our mission to make energy greener faster, cheaper, across the globe. Being backed by Generation, co-founded and chaired by Al Gore, enables us to make that dream come true.”
Speaking for Generation Investment Management, Tom Hodges, Partner in the Long-term Equity strategy, said:
“Octopus Energy has an extraordinarily good fit with Generation’s mission of investing over the long term to support system and climate-positive companies. The world is at the early stages of an unprecedented energy transition which is essential to reach the goals of the Paris Agreement. This can be done in a way that is better for the environment and consumers. Octopus and its software platform Kraken are at the forefront of innovation and helping to create the dynamic and flexible renewable energy system needed. Generation is pleased to partner with Octopus Energy to help build that future.”
ENDS
Notes to editors
Technical footnote: The deal consists of $300 million immediate investment, with $300 million to follow by June 2022 subject to certain further funding conditions.
Octopus Energy had 2.5 million customers up to 24 September 2021. The company’s customer base grew to 3.1 million after taking on Avro Energy’s 600,000 customers on 25 September 2021.
All accompanying imagery can be found here.
All $ figures reference US dollars.
KPMG advised on this transaction.
About Octopus Energy Group
Octopus Energy Group was launched in 2016 with a vision of using technology to make the green energy revolution affordable whilst transforming customer experiences. It is part of Octopus Group, which is a certified BCorp. Octopus’s domestic energy arm already serves 3.1 million customers with cheaper greener power, through Octopus Energy, M&S Energy, Affect Energy, Ebico, London Power and Co-op Energy.
Octopus Energy for Business manages over 25,000 customers with proprietary energy offerings. Octopus Electric Vehicles is helping make clean transport cheaper and easier, and Octopus Energy Services is bringing smart products to thousands of homes. Octopus Energy Generation is Europe’s largest investor in solar energy, managing a £3.4bn portfolio of renewable energy assets throughout the continent.
All of these are made possible by OEG's tech arm, Kraken Technologies, which offers a proprietary, in-house platform based on advanced data and machine learning capabilities, Kraken automates much of the energy supply chain to allow outstanding service and efficiency as the world transitions to a decentralised, decarbonised energy system. This technology has been licensed to support over 17 million accounts worldwide, through deals with Good Energy, E.ON energy and Origin Energy.
In December 2020, Octopus Energy Group was valued at over $2 billion after closing its second investment round of the year led by international energy companies Tokyo Gas and Origin Energy. With operations in the US, Japan, Germany, Spain, New Zealand and Australia, Octopus Energy Group's mission to drive the affordable green revolution is going global.
For more information, check out our website.
About Generation Investment Management
Generation Investment Management LLP is dedicated to long-term investing, integrated sustainability research and client alignment. It is an independent, private, owner-managed partnership established in 2004 and headquartered in London, with a US office in San Francisco. Generation Investment Management LLP is authorised and regulated in the United Kingdom by the Financial Conduct Authority.
Generation’s Long-term Equity strategy was established in 2018 to be a differentiated investment partner in support of a select number of private companies. The Long-term Equity strategy offers management teams support with achieving their ambitions for sustainable, global growth over eight to 15-year periods, far longer than the average private equity hold period.
Press Contact
Christina Hess
T: +44 (0)20 45308369
M: +44 7897 699 195
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MEMPHIS, Tenn.--(BUSINESS WIRE)--Riverview Acquisition Corp. (Nasdaq:RVACU) ("RVAC" or the "Company") announced that holders of the units sold in the Company's initial public offering of 25,000,000 units completed on August 10, 2021 (the "offering") may elect to separately trade the shares of Class A common stock and warrants included in the units commencing on September 28, 2021. Any units not separated will continue to trade on The Nasdaq Capital Market under the symbol "RVACU", and each of the shares of Class A common stock and warrants will separately trade on The Nasdaq Capital Market under the symbols "RVAC" and "RVACW," respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Holders of units will need to have their broker contact Continental Stock Transfer & Trust Company, the Company's transfer agent, in order to separate the units into shares of Class A common stock and warrants.
The Company is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
The units were initially offered by the Company in an underwritten offering. Cantor Fitzgerald & Co. acted as book-running manager and Stephens Inc. acted as co-manager in the offering.
The offering was made only by means of a prospectus, copies of which may be obtained on the U.S. Securities and Exchange Commission website at http://www.sec.gov. Alternatively, copies of the prospectus may be obtained from Cantor Fitzgerald & Co., 499 Park Avenue, New York, NY 10022, or by e-mail at This email address is being protected from spambots. You need JavaScript enabled to view it..
A registration statement relating to the securities became effective on August 5, 2021. 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 an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State or jurisdiction.
FORWARD-LOOKING STATEMENTS
This press release contains statements that constitute "forward-looking statements," including with respect to the search for an initial business combination. No assurance can be given that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of RVAC, including those set forth in the Risk Factors section of the Company's registration statement for RVAC's initial public offering filed with the Securities and Exchange Commission ("SEC"). Copies are available on the SEC's website, www.sec.gov. RVAC undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Jason Chudoba, 646-277-1249
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or
Megan Kivlehan, 646-677-1807
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SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation today honored the life and career of former Texaco Chairman and CEO Alfred C. DeCrane, Jr., who died this past week at the age of 90.
“Al led Texaco at an important and challenging time for the company and the industry as a whole, and he leaves a proud legacy,” said Mike Wirth, chairman and CEO of Chevron. “His work across multiple industries is a testament to the value of his leadership. Speaking for our board and employees, we extend our condolences to all those who remember him.”
DeCrane died on September 22, surrounded by family in his home in Vero Beach, Florida.
DeCrane joined Texaco after graduating from law school in 1959. He had job offers from leading law firms and companies, but said he chose Texaco "because they told me that Texaco would let me do everything or anything that I showed a capability and a willingness to do." Chevron and Texaco merged in 2001.
Born in Cleveland, DeCrane attended Cathedral Latin School, where he graduated as valedictorian. He graduated magna cum laude from the University of Notre Dame. After graduation he was commissioned an officer in the US Marine Corps and married Joan Elizabeth Hoffman in 1954. They raised their six children in Bronxville, New York.
With an honorable discharge from the Marines as Captain, he went to work for Joseph P Kennedy, father to the senators and president, as a speechwriter. DeCrane went on to attend the Georgetown University Law School, and argued in front of the US Supreme Court at the age of 34.
DeCrane was on a joint industry team that met with President Nixon and key administration officials to successfully obtain an antitrust exemption to allow the company to negotiate with OPEC. He was named Texaco’s general counsel in 1976, elected to the board the next year, and became president in 1983. DeCrane was named chairman in 1987 and became CEO in 1993.
Following his retirement in 1996, DeCrane served on many corporate boards, including Bestfoods, Cigna, Birmingham Steel, Harris Corp., and Dean Whitter Discover.
Sean Comey, 925-842-5509
JENBACH, Austria--(BUSINESS WIRE)--To better serve the growing power and grid reliability needs in Indonesia, INNIO Jenbacher and Clarke Energy today announced that they have recently signed an agreement to extend Clarke Energy’s distribution territory of Jenbacher gas engines to Indonesia with focus on Independent Power Producers (IPP) and Merchant Power Producers (MPP). Clarke Energy offerings will focus primarily on natural gas applications for IPPs and MPPs in Indonesia. Additionally, in 2022, Clarke Energy can also offer Jenbacher natural gas engines with a “Ready for H2” option that allows the engines the capability to be readily converted from natural gas to up to 100% hydrogen operation. With this agreement, Clarke Energy is now the distributor of INNIO’s Jenbacher gas engines in 28 countries worldwide.
“Power generation in Indonesia is critical to its growing economy and heavily depending on coal and oil-based fuels. As Indonesia moves to increase the share of renewable energy, providing Jenbacher natural gas-powered engines will help support decarbonization and grid reliability with fast starting and highly efficient assets,” commented Carsten Dommermuth, Vice President and General Manager APAC at INNIO Jenbacher. “Our gas engine technologies help close supply-and-demand gaps, creating more power stability for power producers across Indonesia and helps reduce their carbon footprint. Clarke Energy will provide significant value in helping both independent and merchant power producers deliver much needed base-load power to the Indonesian grid.”
“We are pleased to add Indonesia to list of countries that we distribute Jenbacher gas engine technology and services. We look forward to installing INNIO’s advanced natural gas-fueled Jenbacher gas engines to provide dependable on-site power for Indonesian companies,” said Jamie Clarke, Chief Executive Officer of Clarke Energy. “Our engineers will work hard with customers across Indonesia to help secure the country’s energy future by expanding the use of climate friendly distributed-power technologies to enhance local energy reliability.”
As a large archipelago, Indonesia is comprised of more than 17,000 islands. These islands stretch 5,000 kilometers across Southeast Asia and Oceania. With an estimated population of more than 250 million people, Indonesia is the fourth most populous country in the world, the largest country in Southeast Asia, and the seventh largest global economy in terms of purchasing power. Indonesia’s Electricity Power Supply Business Plan (RUPTL) has estimated that the countries annual electricity demand will increase by 6.4% through 2028. The Indonesian government has laid out an overall strategy for its energy sector that emphasizes diversification, environmental sustainability, and maximum use of domestic energy resources, which includes natural gas.
Clarke Energy has been a distributor for INNIO Jenbacher for over 25 years. With this expansion, Clarke Energy is now the distributor for INNIO Jenbacher gas engines in 28 countries, including Algeria, Australia, Bangladesh, Botswana, Cameroon, Cote d’Ivoire, Democratic Republic of Congo, France, Ghana, India, Indonesia, Ireland, Kenya, Lesotho, Morocco, Mozambique, New Zealand, Nigeria, Papua New Guinea, Rwanda, South Africa, Swaziland, Tanzania, Tunisia, Malawi, the United Kingdom and parts of the U.S.
About INNIO
INNIO is a leading provider of renewable gas, natural gas, and hydrogen-rich solutions and services for power generation and gas compression at or near the point of use. With our Jenbacher and Waukesha gas engines, INNIO helps to provide communities, industry and the public access to sustainable, reliable and economical power ranging from 200 kW to 10 MW. We also provide life-cycle support and digital solutions to the more than 53,000 delivered gas engines globally, through our service network in more than 100 countries. We deliver innovative technology driven by decarbonization, decentralization, and digitalization to help lead the way to a greener future. Headquartered in Jenbach, Austria, the business also has primary operations in Welland, Ontario, Canada, and Waukesha, Wisconsin, U.S. For more information, visit the company's website at www.innio.com. Follow INNIO on Twitter and LinkedIn.
About Clarke Energy
Clarke Energy, a KOHLER Group company, is a leader in the engineering, design, installation and maintenance of installations equipped with Jenbacher gas engines. Clarke Energy is INNIO Jenbacher's authorized distributor in 28 countries, employs 1,200 employees across these territories and has over 7 GW of INNIO Jenbacher gas engines installed worldwide. For more information, visit Clarke Energy website here www.clarke-energy.com Follow Clarke Energy on LinkedIn and Twitter.
Susanne Reichelt
INNIO
+43 664 80833 2382
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Alex Marshall
Clarke Energy
+44 151 546 4446
+44 7917066242
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DENVER--(BUSINESS WIRE)--Whiting Petroleum Corporation (NYSE:WLL) today announced that is has completed its previously announced acquisition of the leasehold interests and related assets in the Williston Basin of North Dakota. The Company also closed the divestiture of its Redtail leasehold interests and related assets, including associated midstream assets, located in the Denver-Julesburg Basin of Colorado. The transactions had an immaterial effect on current production but resulted in the addition of approximately 60 drillable locations that compete for capital immediately.
Commensurate with the closing of the two transactions, the Company completed the redetermination of its borrowing base under its revolving credit facility (the “revolver”). The borrowing base and aggregate commitments were both reaffirmed at the previous amount of $750 million. The difference in the acquisition costs and divestiture proceeds of the two transactions of approximately $90 million was funded with the revolver. Whiting continues to expect to have a positive cash balance and no outstanding borrowings on the revolver by the end of the year.
Third Quarter 2021 Conference Call
Whiting will host a conference call on Thursday, November 4, 2021 at 11:00 a.m. Eastern time (9:00 a.m. Mountain time) to discuss the third quarter 2021 results. The call will be conducted by President and Chief Executive Officer Lynn A. Peterson, Executive Vice President Finance and Chief Financial Officer James Henderson, Executive Vice President Operations and Chief Operating Officer Charles J. Rimer and Investor Relations Manager Brandon Day. A question and answer session will immediately follow the discussion of the results for the quarter.
To participate in this call please dial:
Domestic Dial-in Number: (877) 328-5506
International Dial-in Number: (412) 317-5422
Webcast URL: https://dpregister.com/sreg/10160438/ed94216c08
Replay Information:
Conference ID #: 10160438
Replay Dial-In (Toll Free U.S. & Canada): (877) 344-7529 (U.S.), (855) 669-9658 (Canada)
Replay Dial-In (International): (412) 317-0088
Expiration Date: November 11, 2021
About Whiting Petroleum Corporation
Whiting Petroleum Corporation, a Delaware corporation, is an independent oil and gas company engaged in the development, production and acquisition of crude oil, NGLs and natural gas primarily in the Rocky Mountains region of the United States. The Company’s largest projects are in the Bakken and Three Forks plays in North Dakota and Montana. The Company trades publicly under the symbol WLL on the New York Stock Exchange. For further information, please visit http://www.whiting.com.
Brandon Day
Investor Relations Manager
303‑837‑1661
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Facility provides end-to-end logistics solutions and other FedEx services
MEMPHIS, Tenn.--(BUSINESS WIRE)--FedEx Logistics, a subsidiary of FedEx Corp. (NYSE: FDX) and provider of specialty solutions that support FedEx services and facilitate global trade, announced the opening of an office in Seoul, South Korea, in the latest expansion of its worldwide network.
“The new office in Korea complements our global operations, strengthening our position to better serve our customers around the world,” said Patrick Moebel, President of FedEx Trade Networks. “Global customers who trade with Korea and Korean customers alike will benefit from the fully customizable solutions offered by FedEx Logistics. We deliver for our customers by helping them navigate the complexities of global commerce.”
The new FedEx Logistics Korean organization will provide one-source, end-to-end logistics solutions, including international air and ocean cargo services, customs brokerage arrangements, and trade solutions, as well as a range of value-added services.
“This is an exciting moment for FedEx Logistics and one that brings tremendous opportunity,” said Edward Hui, Vice President for Asia Pacific, Middle East, and Africa (AMEA) at FedEx Logistics. “Korea is a key player in international trade. In addition to the substantial enhancement in service level, customers will gain access to the unparalleled global reach of FedEx guided by local, Korean expertise.”
The enhanced FedEx presence in Korea illustrates the company’s role in helping to expand global trade, build nimble supply chains and transport local products and services to customers around the world. The opening follows the company’s latest growth strategy to expand into economies with great potential and reinforces its continuous commitment to delivering best-in-class services. The FedEx Logistics AMEA region works within the global FedEx network to provide customers with logistics solutions to more than 220 countries and territories.
About FedEx Logistics
FedEx Logistics plays a key role within the FedEx portfolio, which connects 99 percent of the world’s gross domestic product (GDP) with its comprehensive suite of specialty logistics solutions. The company provides air and ocean cargo forwarding, supply chain solutions, specialty transportation, cross border e-commerce technology services, customs brokerage arrangements, and trade management tools and data from a single trusted source. For more information, visit fedex.com/logistics.
About FedEx Corp.
FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenue of $87 billion, the company offers integrated business solutions through operating companies competing collectively, operating collaboratively and innovating digitally under the respected FedEx brand. Consistently ranked among the world’s most admired and trusted employers, FedEx inspires its 560,000 team members to remain focused on safety, the highest ethical and professional standards and the needs of their customers and communities. FedEx is committed to connecting people and possibilities around the world responsibly and resourcefully, with a goal to achieve carbon-neutral operations by 2040. To learn more, please visit fedex.com/about.
Christina Meek, 901-304-9495
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