HOUSTON--(BUSINESS WIRE)--Schlumberger Limited (NYSE:SLB) will hold a conference call on October 22, 2021 to discuss the results for the third quarter ending September 30, 2021.
The conference call is scheduled to begin at 9:30 am US Eastern time and a press release regarding the results will be issued at 7:00 am US Eastern time.
To access the conference call, listeners should contact the Conference Call Operator at +1 (844) 721-7241 within North America or +1 (409) 207-6955 outside of North America approximately 10 minutes prior to the start of the call and the access code is 8858313.
A webcast of the conference call will be broadcast simultaneously at www.slb.com/irwebcast on a listen-only basis. Listeners should log in 15 minutes prior to the start of the call to test their browsers and register for the webcast. Following the end of the conference call, a replay will be available at www.slb.com/irwebcast until November 22, 2021, and can be accessed by dialing +1 (866) 207-1041 within North America or +1 (402) 970-0847 outside of North America, and giving the access code 6702282.
About Schlumberger
Schlumberger (SLB: NYSE) is a technology company that partners with customers to access energy. Our people, representing over 160 nationalities, are providing leading digital solutions and deploying innovative technologies to enable performance and sustainability for the global energy industry. With expertise in more than 120 countries, we collaborate to create technology that unlocks access to energy for the benefit of all.
Find out more at www.slb.com
Ndubuisi Maduemezia – Vice President of Investor Relations, Schlumberger Limited
Joy V. Domingo – Director of Investor Relations, Schlumberger Limited
Office +1 (713) 375-3535
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GALESBURG, Mich.--(BUSINESS WIRE)--#automakers--Power management company Eaton today announced its Vehicle Group has introduced a new zero-leak Compact Combo Valve that safely vents harmful evaporative fuel vapors in the tank by stacking a Fill Limit Vent Valve (FLVV) and a new Zero-Leak Grade Vent Valve (GVV).
A key benefit of the Compact Combo is reduced fuel vapor permeation. The smaller footprint of the stacked valves allows for a tighter seal when welded to the tank, in turn reducing permeation.
This innovative configuration reduces the product’s footprint by 20 mm, which decreases potential leak paths and provides fuel tank manufacturers more design flexibility. The Zero-Leak GVV fulfills all government-mandated requirements for zero-leak vapor valves.
“Eaton's world-class engineering teams are leading the way in developing innovative and highly efficient fuel vapor management products,” said Brian Contat, business unit director, Fuel Emissions, Eaton’s Vehicle Group. “As evaporative emissions reduction and vehicle standards become more stringent, Eaton’s fuel emissions products deliver a competitive advantage worldwide that helps our customers achieve or exceed upcoming emissions regulations.”
New Compact Combo technology reduces hydrocarbon emissions during refueling
The new Compact Combo Valve technology reduces hydrocarbon emissions with 98 percent efficiency during the vehicle refueling process and allows manufacturers to meet vehicle hydrocarbon emissions standards while the vehicle is parked.
The Compact Combo Valve has several unique design features that increase valve functionality to meet both tank and customer requirements. These features include a seal that reduces liquid leak in static venting conditions, as well as the ability to change the shut-off height of the FLVV through component substitution. Eaton also offers an added slosh baffle feature for vehicle applications involving aggressive driving dynamics that may cause shifting liquid fuel to leak.
“We can use short or long FLVV housings, depending on the application, for maximum permeation reduction,” Contat said. “We are able to cover all shut-off height requirements to vent above the shut-off valve when the main refueling valve is closed and the GVV shut-off height remains constant and optimized.”
Zero-Leak GVV prevents fuel leakage in all conditions
The GVV’s position at the top of the fuel tank prevents liquid leakage during all situations, including when the vehicle is traveling or parked at an angle. This is an added benefit when compared with competitive technologies that do not allow optimized positioning within the fuel tank during such conditions.
“Our design gives customers greater freedom to perform grade venting, which allows manufacturers to meet zero-leak vapor valve requirements,” Contat said. “You have to ensure you’re venting during all normal vehicle operations and degrees of parking.”
The zero-leak vapor valve requirement is an industry requisite to meet vehicle safety, driveability, emissions and component durability specifications. Eaton’s new Zero-Leak GVV sealing methodology employs an elastomeric seal over-molded onto a substrate to ensure this requirement is met.
Eaton’s mission is to improve the quality of life and the environment through the use of power management technologies and services. We provide sustainable solutions that help our customers effectively manage electrical, hydraulic, and mechanical power – more safely, more efficiently, and more reliably. Eaton’s 2020 revenues were $17.9 billion, and we sell products to customers in more than 175 countries. We have approximately 85,000 employees. For more information, visit www.eaton.com
Thomas Nellenbach
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(216) 333-2876 (cell)
HOUSTON & WILMINGTON, Del. & BOSTON--(BUSINESS WIRE)--UGS, a leader in gas processing technologies, today announced several important milestones.
Launch of Verdant Process Systems
Unconventional Gas Solutions LLC has launched a new line of process solutions for renewable natural gas (RNG), renewable hydrogen production and hydrogen recovery from industrial processes. Verdant Process SystemsTM leverages the gas separations expertise of the UGS team and builds on their experience designing and fabricating industry-leading gas processing systems for leading RNG and hydrogen companies.
Using UGS’ extensive experience in process design and packaging gained in over a century of collective experience in the harshest environments and solving the toughest separations challenges, the Verdant Process Systems design approach is based on technology selection and process design to optimize cost and carbon intensity as well as provide industry-leading methane emissions control across the system.
Key Additions
The launch of Verdant Process Systems comes as the company hires several new executives, all of whom join CEO George Paul as partners in the company. Chet Benham joins UGS as President. Chet was formerly CEO of Air Liquide Advanced Technologies US LLC where he was instrumental in the development of their RNG and membrane businesses including acquisition and greenfield development of 4 RNG projects and dozens of RNG equipment packages. He also supervised the Natural Gas Processing Business Unit where the team delivered one of the largest gas processing packages on a Floating, Production, Storage & Offloading (FPSO) vessel in the Brazilian Pre-Salt region. The project used the first of its kind all membrane solution for treating CO2 and H2S.
Bill Keller joins UGS as Vice President of Corporate Development and will drive commercial growth and business maturity. A former United States Marine Corps officer and pilot, Bill has over 14 years of wide-ranging experience in gases from commissioning and maintaining Air Liquide’s first hydrogen stations in the US, to executive management of global sales and manufacturing for Air Liquide’s membrane business. At Air Liquide, he was responsible for delivering the world’s largest onshore membrane-based gas processing plant. Prior to UGS, Bill served as Director of RNG Sales & Marketing for Archaea Energy.
Dr. Ben Bikson joins UGS as Chief Technology Officer overseeing all R&D and technology development. Ben was formerly Deputy Vice President of Air Liquide Advanced Separations. Prior to that, he served as Founder & President of PoroGen LLC, a leading gas separation membrane technology company, which was acquired by Air Liquide in 2015. He also was founder & CEO of Innovative Membrane Systems, Praxair’s membrane division, that was also acquired by Air Liquide in 2004. Dr. Bikson holds nearly a hundred patents related to membrane technology and its application.
New Engineering, Fabrication & Assembly Facility
UGS also announces a contract to purchase a 70,000 square foot Engineering, Fabrication & Assembly facility in Houston. The new, multi-building facility will house all of UGS’ fabrication and assembly activities. The facility will capture significant synergies with the supply chains available in the Houston area as well as the region’s growing renewable energy ecosystem. The new facility will complement the company’s Houston headquarters, the Business Development office in Wilmington, Delaware, and its R&D facility in Boston.
New Business
Verdant Process Systems is starting fast as UGS has been selected as the technology provider for 8 new projects for the Verdant Process Systems “flange-to-flange” turnkey biogas upgrading systems for the production of RNG. These projects, with leading developers like Novilla RNG, will come online over the next 2 years and will be supplied from UGS’ new assembly & fabrication facility in Houston.
Mark Hill, Co-CEO of Novilla commented, “With a staff that has helped launch eight operational dairy RNG projects, Novilla RNG understands the importance of straight-forward gas upgrading systems, the ability to remove a wide array of contaminants, and working with a company that has extensive experience producing RNG upgrading systems that are in service today. That’s why we are excited to be working with UGS on dairy RNG projects in the Midwest US that will be showcasing what both teams are capable of doing.”
“We see tremendous growth in renewable fuels projects,” says UGS CEO George Paul. “As the energy transition accelerates, UGS is uniquely suited to build on our experience in both RNG and traditional energy sectors to bring something new and exciting to the RNG and hydrogen space.”
Said Benham, the company’s new president, “The group of engineers, scientists, project professionals and executives we have assembled is truly second to none. UGS is now poised to provide great technology solutions across the energy transition and beyond.”
About Unconventional Gas Solutions
UGS was founded in 2013 and started as the engineering, assembly, and fabrication sister company of PoroGen LLC, a leader in membrane technology that was acquired by Air Liquide in 2015. Today, UGS supplies industry-leading gas separation technologies across a wide spectrum of industries; from conventional gas processing to renewable gas upgrading and such highly complex technologies as helium recovery and hydrogen production. UGS has world-class competencies in membrane separation, adsorption technologies, cryogenics, steam methane reforming and packaging including several important proprietary technologies.
The company is based in Houston, Texas with executive offices in Wilmington, Delaware and international sales offices in Tel Aviv, the United Arab Emirates and Kula Lumpur, Malaysia. UGS is a member of the Coalition for Renewable Natural Gas, the American, Canadian and European Biogas Councils, as well as the Compressed Gas Association, the Ammonia Energy Association, and the American Gas Association. An active participant in the renewable energy ecosystem in Houston, Boston, and Philadelphia, UGS is a member of the Northeast Clean Energy Council and the Renewable Energy Alliance of Houston. To learn more about UGS, please visit https://ugs.solutions/ or come see us at the RNG Works Conference in Nashville at booth 607.
Unconventional Gas Solutions LLC
Bill Keller, Vice President Corporate Development
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(346) 353-1048
www.ugs.solutions
Commitment Aligns Tapestry’s Climate Mitigation Targets with Most Ambitious Aim of the Paris Climate Agreement
NEW YORK--(BUSINESS WIRE)--Tapestry, Inc. (NYSE: TPR), a leading New York-based house of modern luxury accessories and lifestyle brands, today announced that it has signed the Science Based Targets initiative (“SBTi”) Business Ambition for 1.5⁰C, committing to setting interim science-based emissions reduction targets in order to limit global warming to 1.5°C and to reach net-zero global emissions by 2050 at the latest.
The commitment aligns Tapestry’s climate mitigation targets with the most ambitious aim of the Paris Agreement and adheres to SBTi’s most rigorous guidelines to reduce the destructive impacts of climate change in the short and long term.
By signing, Tapestry has committed to set science-based emissions reduction targets across all scopes, in line with 1.5°C emissions scenarios and the criteria and recommendations of the SBTi. In addition, the Company has pledged to set a long-term science-based target to reach net-zero value chain GHGs emissions by no later than 2050.
Joanne Crevoiserat, Chief Executive Officer of Tapestry, Inc., said, “At Tapestry, we are committed to leading with purpose and embracing our responsibility as a global house of fashion brands to effect real and lasting change for our industry and our stakeholders. Signing the Business Ambition for 1.5⁰C represents an important step forward in our journey to reduce our climate impact and make our planet more sustainable.”
By joining SBTi’s Business Ambition for 1.5⁰C, Tapestry is continuing to strengthen its dedication to environmental efforts to combat climate change. This commitment further reinforces Tapestry’s recently announced actions to drive positive change for its people, planet and community, including committing to procure 100% renewable electricity in its stores, offices, and fulfillment centers by 2025, and establishing the $50 million Tapestry Foundation to advance equity and opportunity and to combat the climate crisis. For more information, please visit https://www.tapestry.com/responsibility/our-planet/. For more information on SBTi, please visit https://sciencebasedtargets.org/.
About Tapestry, Inc.
Our global house of brands unites the magic of Coach, kate spade new york and Stuart Weitzman. Each of our brands are unique and independent, while sharing a commitment to innovation and authenticity defined by distinctive products and differentiated customer experiences across channels and geographies. We use our collective strengths to move our customers and empower our communities, to make the fashion industry more sustainable, and to build a company that’s equitable, inclusive, and diverse. Individually, our brands are iconic. Together, we can stretch what’s possible. To learn more about Tapestry, please visit www.tapestry.com. The Company’s common stock is traded on the New York Stock Exchange under the symbol TPR.
This information to be made available in this press release may contain forward-looking statements based on management's current expectations. Forward-looking statements include, but are not limited to, statements that can be identified by the use of forward-looking terminology such as "may," "will," “can,” "should," "expect," “potential,” "intend," "estimate," "continue,” “commit,” “pledge,” "project," "guidance," "forecast," “outlook,” "anticipate," “goal,” “leveraging,” “sharpening,” transforming,” “creating,” accelerating,” “enhancing,” leaning into,” “innovation,” “drive,” “targeting,” “assume,” “plan,” “progress,” “optimistic,” “confident,” “conviction,” “future,” “journey,” “step forward,” “dedication,” “uncertain backdrop,” “emerge,” “on track,” “positioned to,” “look forward to,” “looking ahead,” or comparable terms. Future results may differ materially from management's current expectations, based upon a number of important factors, including risks and uncertainties such as the impact of the Covid-19 pandemic, the ability to control costs and successfully execute our growth strategies, expected economic trends, the ability to anticipate consumer preferences, risks associated with operating in international markets and our global sourcing activities, our ability to achieve intended benefits, cost savings and synergies from acquisitions, the risk of cybersecurity threats and privacy or data security breaches, the impact of pending and potential future legal proceedings, and the impact of legislation, etc. Please refer to the Company’s latest Annual Report on Form 10-K, quarterly report on 10-Q and its other filings with the Securities and Exchange Commission for a complete list of risks and important factors. The Company assumes no obligation to revise or update any such forward-looking statements for any reason, except as required by law.
Tapestry, Inc.
Analysts & Media:
Andrea Shaw Resnick
Chief Communications Officer
212/629-2618
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Christina Colone
Global Head of Investor Relations
212/946-7252
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Getka, UNIMOT, and NuScale Power to explore commercialization of NuScale Power plants in Poland
PORTLAND, Ore.--(BUSINESS WIRE)--NuScale Power, Getka Group (Getka) and UNIMOT S.A. (UNIMOT) announced today the three companies have signed a Memorandum of Understanding (MOU) with business purposes including to explore the deployment of NuScale’s small modular reactor (SMR) technology as a coal repurposing solution for existing coal-fired power plants in Poland. Getka is an Oklahoma-based integrated energy company providing construction, and delivery of petroleum, refined products, and alternative energy. Through its Zero Impact Strategy, Getka is focused on reducing emissions output through renewable energy. UNIMOT is a Poland-based multi-energy Capital Group that offers its wholesale and retail customers fuel products, gas and electricity, including renewable energy. This agreement demonstrates the value of international partnership and collaboration in utilizing NuScale’s SMR technology to repurpose coal plants across the country.
Under the MOU, NuScale will support Getka and UNIMOT’s examination of NuScale’s SMR technology as a coal repowering/repurposing solution for existing coal-fueled power plants and more broadly for new nuclear plant implementations in Poland. The examination will include an analysis of technical, economic, legal, regulatory, financial, and organizational factors.
“NuScale is excited to partner with Getka and UNIMOT on the potential deployment of NuScale Power plants in Poland,” said John Hopkins, Chairman and CEO of NuScale Power. “The partnership between these three companies demonstrates the versatility and value of NuScale’s SMR technology for a variety of applications. NuScale’s SMRs are an ideal clean, reliable, and affordable energy solution to repurpose retiring coal fueled power plants across the Poland.”
“This project aligns with our commitment to decarbonize and diversify Poland’s energy infrastructure,” said Dariusz Cichocki, Chairman and CEO of Getka Group. “Through our ongoing partnership with UNIMOT, we are pleased to partner with NuScale to bring innovative solutions to market in Central Europe.”
“We are pleased that this is another area to develop low-emission projects in Poland, where we can be as involved as the UNIMOT Group in decarbonization. Our role will be promoting SMR technology as a reliable alternative for coal technologies, and acquiring business partners in the Polish market. Ultimately, we also intend to create a platform of collaboration with Polish academic centers and potential Polish component suppliers to develop this technology in our country. Because of this, we can actively support the energy transformation of Poland, simultaneously diversifying our Group’s business” said Adam Sikorski, President of the Management Board of UNIMOT S.A.
In August 2020, NuScale made history as the first and only SMR to receive design approval from the U.S. Nuclear Regulatory Commission and in July of 2021, the Commission published the proposed rule that would certify the NuScale design – a crucial step towards the construction and deployment of this SMR technology. The company maintains strong program momentum toward commercialization of its SMR technology, including supply chain development, standard plant design, planning of plant delivery activities, and startup and commissioning plans.
About NuScale Power
NuScale Power has developed a new modular light water reactor nuclear power plant to supply energy for electrical generation, district heating, desalination, hydrogen production and other process heat applications. This groundbreaking small modular reactor (SMR) design features a fully factory-fabricated NuScale Power Module™ capable of generating 77 MW of electricity using a safer, smaller, and scalable version of pressurized water reactor technology. NuScale's scalable design—power plants that can house up to four, six, or 12 individual power modules—offers the benefits of carbon-free energy and reduces the financial commitments associated with gigawatt-sized nuclear facilities. The majority investor in NuScale is Fluor Corporation, a global engineering, procurement, and construction company with a 70-year history in commercial nuclear power.
NuScale is headquartered in Portland, OR and has offices in Corvallis, OR; Rockville, MD; Charlotte, NC; Richland, WA; and London, UK. Follow us on Twitter: @NuScale_Power, Facebook: NuScale Power, LLC, LinkedIn: NuScale-Power, and Instagram: nuscale_power. Visit NuScale Power's website.
About Getka Group
Getka Group is an integrated energy company providing construction and delivery of petroleum, refined products and alternative energy. The company is focused on strategic domestic and global growth that connects the security of U.S. energy reserves and resources to today’s changing worldwide energy marketplace. More information is available online at www.getka.com
About UNIMOT S.A.
UNIMOT S.A. is a multi-energy Capital Group that offers its wholesale and retail customers fuel products, gas and electricity, including renewable energy. Under the AVIA brand, UNIMOT develops a chain of petrol stations in Poland and from June 2020, the UNIMOT Group offers photovoltaic panels under the AVIA Solar brand. Activity of UNIMOT S.A. is based on over 25 years of experience. From March 2017, the company is listed on the Warsaw Stock Exchange. More information is available online at: https://www.unimot.pl/?lang=en
Diane Hughes, Vice President, Marketing & Communications, NuScale Power
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(C) (503) 270-9329
Cheena Pazzo
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(C) (918) 625-1937
Agnieszka Pawelska, PR Manager/Spokesperson, Unimot Group
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(48) 695 102 997
EVgo’s robust, customizable suite of solutions including EVgo Optima™ and EVgold™ serves the unique charging needs of electric fleets today
LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (NASDAQ: EVGO), a first mover in fleet electrification and owner and operator of the nation’s largest public fast charging network for electric vehicles (EVs) and first powered by 100% renewable electricity, today announced the expansion of EVgo Fleet Charging Solutions with a new suite of services to support fleets as they electrify their vehicles. EVgo, which serves over 300,000 customer accounts today including rideshare, autonomous, delivery, university, and other fleet clients, has developed the EVgo Optima™ software package and the EVgold™ service guarantee to make the shift to electric seamless for fleets.
“As EVgo’s fleet customers are experiencing firsthand, electrification is better for both the planet and the bottom line – which is in part why EV sales are booming across the country,” said Cathy Zoi, CEO of EVgo. “In addition to great electric cars, trucks, and vans, there's a crucial component for electrifying fleets that can’t be overlooked: reliable and convenient charging solutions that are part of the game plan from day one. EVgo has been leading the way on charging fleet vehicles, and with our new hardware, software, and service offerings through EVgo Optima and EVgold, we can reach even more fleet operators whether they need L2 or DCFC charging at their depot or away from base."
EVgo Fleet Solutions
EVgo provides a variety of Level 2 and DCFC charging solutions for light, medium, and heavy-duty fleets, designed to meet their unique operational needs, including the ability to leverage a combination of:
EVgo’s fleet solutions include a complete solution set of hardware, software, and operations, networking, and maintenance functions and capabilities supporting holistic cost-saving and optimization for fleet operations. This includes EVgo Optima, a “smart”, cloud-based software platform that ensures vehicles are optimally fueled at the lowest possible cost while adhering to facility and electrical grid constraints. As the industry’s most experienced owner-operator of DCFC and L2 charging solutions in the US, EVgo offers fleet customers EVgold, a best-in-class operations and maintenance service offering to maximize uptime, backed by rigorous, co-developed hardware at the EVgo Innovation Lab, based on power sharing and power routing architectures to enable simultaneous charging of multiple vehicles intelligently and cost effectively from a single set of charging hardware. The Company’s superior 24/7 customer support further reinforces reliability, safety and interoperability for EV fleets.
Automakers around the globe have announced more than $300 billion of EV investments, with fleet electrification for rideshare, delivery, municipal, autonomous, and other market segments further accelerating the shift to e-mobility. EVgo’s fleet solutions offerings help fleet operators manage the transition from fossil-fuel reliance to electric fleets at the pace that meets each fleet’s business needs, providing tools that allow them to unlock the economic and environmental benefits of electrification.
Backed by over a decade of building and operating the nation’s largest public fast charging network, EVgo is a valued partner to Uber, Lyft, Samsara, Electric Last Mile Solutions, and two leading autonomous vehicle (AV) companies, in addition to providing charging solutions to fleets across delivery, rental, freight and logistics segments. In July 2021, General Motors Company (GM) named EVgo a preferred provider for its Ultium Charge 360 fleet service.
“Fleet electrification is top of mind for a number of our transportation customers, but the process of adopting EVs can present unique operational challenges,” said Christopher Mozzocchi, Director, Platform Integrations at Samsara. “That's why we're excited to have EVgo as a trusted partner to help customers navigate this transition and meet their sustainability goals. The combination of EVgo’s integrated, networked charging solutions and Samsara’s Connected Operations Cloud helps users optimize their electrification strategy reliably and cost-effectively.”
“Catalyzing an industry transformation as profound as the electrification of fleet transportation requires players across the value chain coming together to offer turnkey solutions,” said Jonathan Ballon, Chief Strategy Officer at Electric Last Mile Solutions. “Electric Last Mile Solutions is the first electric light commercial vehicle manufacturer to be available today, and EVgo’s purpose-built fleet charging solutions create an opportunity for fleet customers to accelerate their electrification journey.”
Learn more about EVgo Fleet Solutions here. Fleet operators can also download EVgo’s guide to navigating and realizing the benefits of fleet electrification here.
About EVgo
EVgo (Nasdaq: EVGO) is the nation’s largest public fast charging network for electric vehicles, and the first to be powered by 100% renewable energy. With more than 800 fast charging locations, EVgo’s owned and operated charging network serves over 68 metropolitan areas across 35 states and more than 300,000 customer accounts. Founded in 2010, EVgo leads the way on transportation electrification, partnering with automakers; fleet and rideshare operators; retail hosts such as hotels, shopping centers, gas stations and parking lot operators; and other stakeholders to deploy advanced charging technology to expand network availability and make it easier for drivers across the U.S. to enjoy the benefits of driving an EV. As a charging technology first mover, EVgo works closely with business and government leaders to accelerate the ubiquitous adoption of EVs by providing a reliable and convenient charging experience close to where drivers live, work and play, whether for a daily commute or a commercial fleet.
For Investors:
Ted Brooks, VP of Investor Relations
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310-954-2943
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BROOKLYN HEIGHTS, Ohio--(BUSINESS WIRE)--GrafTech International Ltd. (NYSE:EAF), a leading manufacturer of high-quality graphite electrode products essential to the production of electric arc furnace steel, announced today the publication of its second annual Sustainability Report. GrafTech’s 2020 Sustainability Report highlights the company’s annual environmental, social, and governance (ESG) performance and initiatives.
David Rintoul, GrafTech’s President and Chief Executive Officer, commented, “I am pleased to present GrafTech’s second annual Sustainability Report. We are proud of the progress we made across the organization during the past year and value the opportunity to share these developments with you. We are fully committed to advancing our ESG efforts across the global organization and in the communities where we operate.”
Highlights of GrafTech’s 2020 Sustainability Report include:
GrafTech’s digital 2020 Sustainability Report is available on our website at http://www.graftech.com/sustainability. We welcome feedback on our Sustainability Report at This email address is being protected from spambots. You need JavaScript enabled to view it..
About GrafTech
GrafTech International Ltd. is a leading manufacturer of high-quality graphite electrode products essential to the production of electric arc furnace steel and other ferrous and non-ferrous metals. The Company has a competitive portfolio of low-cost, ultra-high power graphite electrode manufacturing facilities, including three of the highest capacity facilities in the world. We are the only large-scale graphite electrode producer that is substantially vertically integrated into petroleum needle coke, a key raw material for graphite electrode manufacturing. This unique position provides us with competitive advantages in product quality and cost.
Forward-looking statements
Statements in this press release regarding the Company that are not historical facts may be “forward-looking statements” that involve risks and uncertainties. You can identify these forward-looking statements by the use of forward-looking words such as “will,” “may,” “plan,” “estimate,” “project,” “believe,” “anticipate,” “expect,” “foresee,” “intend,” “should,” “would,” “could,” “target,” “goal,” “continue to,” “positioned to,” “are confident,” or the negative versions of those words or other comparable words. Certain of the risks and uncertainties to which the Company is subject are described in the “Forward Looking Statements” and “Risk Factors” in reports and statements filed by the Company with the U.S. Securities and Exchange Commission. These risks include, without limitation, the ultimate impact that the COVID-19 pandemic has on our business, results of operations, financial condition and cash flows; the possibility that we may be unable to implement our business strategies in an effective manner; the possibility that our manufacturing operations are subject to hazards; changes in, or more stringent enforcement of, health, safety and environmental regulations applicable to our manufacturing operations and facilities; and our dependence on third parties for certain construction, maintenance, engineering, transportation, warehousing and logistics services. The Company does not undertake any obligation to update or revise these forward-looking statements to reflect new events or circumstances except as required by law.
Wendy Watson
216-676-2600
UNIONDALE, N.Y.--(BUSINESS WIRE)--#Billing--EC Infosystems, a leader in Electronic Data Interchange (EDI) and Billing/Customer Information Solutions (CIS) for companies in the deregulated energy industry, has announced that they will be the overall sponsor for the 2021 Energy Marketing Conference in New York City on Thursday, October 7th.
This semi-annual event marks the post-pandemic return to in-person events, as the prior two events in November 2020 and April 2021 were held virtually. The conference will convene at New York Hilton Midtown, located at 1335 6th Avenue in the convenient midtown east area of New York City.
This year’s New York event is the 16th since the conference’s creation, with EC Infosystems participating as an overall sponsor for the semi-annual event since its founding in 2015.
“We look forward to welcoming back our clients and industry colleagues in New York at EMC, a staple industry gathering that EC Infosystems has proudly supported from its inception,” says Mohan Wanchoo, President and CEO of EC Infosystems. “We thank the EMC community for fostering an environment of innovation, creativity, and collaboration.”
Virtual attendance at the past two events reached well over 700 attendees. EMC looks to carry that momentum into the first in-person gathering since the Houston EMC, held in early March 2020.
“As we return to in-person events and continue to grow EMC’s presence as the largest retail energy conference, we value our founding sponsors like EC Infosystems more than ever to continue to support the event and our exponential growth strategies,” explains Larry Leikin, co-founder of EMC.
Ananda Goswami, Chief Revenue Officer of EC Infosystems, will moderate the event’s opening panel at 9:30 AM, “The COO Roundtable,” where c-level operations executives will discuss efficiency strategies and the subsequent effect on the retailer’s bottom line. Goswami will also be a panelist on the third panel of the day at 11:15 AM, discussing retailer reputations and how to fix them amid crises.
“Our support for EMC extends beyond just our sponsorship role and translates into active participation in meaningful discussions and presentations that will inevitably benefit the retail sector as a whole,” says Goswami. “It is through these engagement opportunities at events like EMC that energy deregulation will continue to evolve as an industry.”
McKenzie Meek, Manager of Market Strategy at EC Infosystems shall also be presenting an executive workshop at 8:30 AM, titled “Using Technology to Gain and Retain Customers.” Meek will discuss opportunities for retailers to leverage technology to reduce customer churn and preserve the customer relationship.
Registration for the October 7th event is still open. Register here to mark your attendance at one of the largest events in the retail energy industry and to take advantage of EC Infosystems’ exclusive discount code for 20% off the cost of registration.
About EC Infosystems
EC Infosystems is a market-leading Software as a Service provider (SaaS) of Electronic Data Interchange (EDI) and UtiliBill™ (Billing/Customer Information Solutions (CIS)), serving more than 300 clients in the deregulated energy industry across the United States. The company's sophisticated software platform is user friendly, improves efficiency and operating performance, and provides clients with a strong competitive advantage. For more information, visit www.ecinfosystems.com
ECI Media
Andreya Shaak
EC Infosystems
516-874-8000
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Edison partners with the state and others in working to reduce emissions across all sectors of the economy
ROSEMEAD, Calif.--(BUSINESS WIRE)--For California to meet its 2030 (and 2045) decarbonization goals, it must quadruple its annual rate of greenhouse gas reductions by adopting market-transforming policies within the next one to two years. This is according to “Mind the Gap: Policies for California’s Countdown to 2030,” a new paper published by Edison International.
“California is already experiencing the accelerating and compounding effects of climate change,” said Pedro J. Pizarro, president and CEO of Edison International. “Not only must public policy address the uncertainty and risk inherent in climate change, it must be reframed to redress historical, present and future inequities, such as the greater impact climate change is having on low-income residents and communities of color. This has significant implications for planning, funding needs, funding mechanisms and program and project execution. At Edison, we will continue working in partnership with the state and federal governments and with other stakeholders, including the communities we serve, to advance policies.”
Previous papers from Southern California Edison, Edison International’s utility subsidiary, identified an achievable and affordable route to realize California's 2030 and 2045 greenhouse gas reduction goals by dramatically increasing renewable energy and storage, using that clean energy to electrify other sectors like transportation and buildings, employing low-carbon fuels like clean hydrogen for hard-to-electrify applications and using carbon capture.
“Mind the Gap: Policies for California’s Countdown to 2030” is Edison International’s analysis of the policy changes and additions needed to ensure that California meets its 2030 greenhouse gas (GHG) reduction goal — a reduction vital for the state to ultimately achieve its goal to decarbonize its economy by 2045.
California has been reducing GHG emissions by an average of 1% per year since 2005, which is notable given California’s economy has grown 3% per year over the same period. To meet its 2030 goal, however, the reduction must rise to 4.1% each year through 2030. The reductions resulting from current policies, even if successfully implemented, will fall short of the 2030 target by about 30 million metric tons.
“Our paper discusses where the state has made progress and which additional actions are needed now to meet California’s 2030 goals,” said Pizarro. “We provide specific state and federal policy recommendations for closing the gaps in critical areas: decarbonizing the power supply; preparing the grid for shifts in usage and increasing demands; and efficiently electrifying transportation and buildings.”
“The electric sector has made significant progress in reducing GHG emissions, reducing its share over 40% since 2005,” said Erica Bowman, director of the Edison International CEO’s Office and principal author of the policy paper. “However, decarbonization requires GHG emissions reductions across all sectors of the economy. Federal and state policies are needed to continue the progress of the electric sector and accelerate the electrification of other sectors and to ensure the reliability and resilience of the grid. These include policies that support sufficient transmission infrastructure to interconnect renewable resources as well as adequate distribution infrastructure.”
In contrast, GHG emissions from the transportation sector have been increasing since 2013 and remain California’s biggest decarbonization challenge. While electric vehicle (EV) sales in California have outpaced the national average and trends point to increasingly favorable economics for electric vehicles, additional incentives for EV purchases and charging infrastructure will be needed. On the current trajectory, California will fall short by 60% for transportation electrification and more than 50% for residential building electrification in 2030.
Most building decarbonization assessments confirm the electrification of buildings represents a significant, cost-effective opportunity to reduce GHG emissions both in the near and long terms. Edison International’s internal analysis concludes that the current trajectory of programs and policies supporting building electrification is insufficient to achieve California's GHG emissions target.
“There is also a crucial role for the federal government to play, especially in helping create functioning markets that support the affordable electrification of key sectors,” Bowman added. “Substantial capital must be deployed throughout the country if the U.S. is going to meet the Nationally Determined Contribution goal of 50%-52% economywide emission reductions by 2030.”
The decarbonization actions needed for California to meet its 2030 goals are no exception to this capital need. Additionally, these capital investments in renewable electricity, efficient buildings and electric vehicles offset substantial annual fossil fuels and maintenance costs.
“We believe the role of utility companies is to work in close partnership with our state’s policymakers and regulatory bodies to develop and implement the necessary structures and conditions to support the successful, equitable and affordable transition to a clean-energy economy,” Pizarro said. “This will require greater funding, improving, clarifying and harmonizing goals, standards, planning and approaches to how the transition takes place and how quickly.”
“Mind the Gap: Policies for California’s Countdown to 2030” is available at edison.com/MindtheGap.
About Edison International
Edison International (NYSE: EIX) is one of the nation’s largest electric utility holding companies, providing clean and reliable energy and energy services through its independent companies. Headquartered in Rosemead, California, Edison International is the parent company of Southern California Edison Company, a utility that delivers electricity to 15 million people across Southern, Central and Coastal California. Edison International is also the parent company of Edison Energy, a global energy advisory company delivering comprehensive, data-driven energy solutions to commercial and industrial users to meet their cost, sustainability and risk goals.
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HANOI, Vietnam--(BUSINESS WIRE)--Vietnam’s largest IT firm FPT announced a strategic collaboration with the global oilfield services leader Halliburton to accelerate digital transformation by lowering innovation costs and time to adoption across the E&P sector.
Building on the deep experience and knowledge of DecisionSpace® 365 and iEnergy® hybrid cloud, FPT has launched a dedicated Landmark practice of over 150 developers, data scientists, and cloud engineers. This practice will provide customers with:
“We are excited to expand our collaboration with FPT as an innovation provider to design, build, and deploy extensions to DecisionSpace365 applications using the iEnergy hybrid cloud. This will lower the cost and time for cloud adoption by our customers and unlock significant value at a time when every operator is looking to do more digitally with less,” said Nagaraj Srinivasan, Senior Vice President of Landmark, Halliburton Digital Solutions and Consulting.
Halliburton’s expertise in the energy sector, together with FPT’s digital products and services, will help end-users automate their workflows to enhance production efficiency.
This collaboration also allows Halliburton and its customers to tap into FPT’s highly skilled workforce in 26 countries. FPT’s mix of on-site, nearshore, and offshore delivery models enables the service company to optimise costs and ensures that its customers enjoy localised services and timely support from FPT’s technology professionals worldwide.
“FPT and Halliburton have a long history of collaboration and a close relationship. In the past decade, FPT has contributed to the success of Halliburton’s various critical programmes, and I believe this exclusive partnership is a testament to our strong IT competencies and industry know-how.”, FPT Chairman Dr. Truong Gia Binh said.
“Drawing on our proven expertise and scalable pool of IT talent, FPT is confident to help our joint customers realise their transformation goals,” FPT Chairman said. “I look forward to seeing FPT and Halliburton working side by side to advance the industry’s untapped potentials and reach new heights of success in the coming years.”, he added.
About FPT Corporation
FPT Corporation is a global leading technology and IT services provider headquartered in Vietnam, with nearly US$1.3 billion in revenue and 36,000 employees in 26 countries and territories. As a pioneer in digital transformation, FPT delivers world-class services in Smart factory, Digital platforms, RPA, AI, IoT, Enterprise Mobility, Cloud, AR/VR, Business Applications, Application Services, BPO, and so on. The company has served over 700+ customers worldwide, a hundred of which are Fortune Global 500 companies in the industries of Aerospace & Aviation, Automotive, Banking and Finance, Logistics & Transportation, Utilities and more. For more information, please visit https://www.fpt-software.com/.
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Magnolia Intention to Purchase 3,000,000 Shares of Class B Common Stock from EnerVest
HOUSTON--(BUSINESS WIRE)--Magnolia Oil & Gas Corporation (NYSE: MGY) (“Magnolia” or the “Company”), today announced the proposed underwritten block trade (the “Offering”) of 7,500,000 shares of the Company’s Class A common stock (the “Class A Common Stock”) by certain affiliates of EnerVest, Ltd. (the “Selling Stockholders”). The shares will be offered from time to time for sale through negotiated transactions or otherwise at market prices prevailing at the time of sale. Magnolia will not sell any shares of its Class A Common Stock in the Offering and will not receive any proceeds from the sale by the Selling Stockholders of shares of Class A Common Stock.
In connection with the Offering, the Company intends to purchase from the Selling Stockholders 3,000,000 shares of the Company’s Class B common stock at a price per share equal to the price per share at which the underwriter purchases shares of the Company’s Class A Common Stock in the Offering (the “Class B Common Stock Purchase”). The Offering is not conditioned upon the completion of the Class B Common Stock Purchase, but the Class B Common Stock Purchase is conditioned upon the completion of the Offering.
Following the closing of the Offering and Class B Common Stock Purchase, the Selling Stockholders will own 20,112,444 Class A and 52,915,438 Class B shares of the Company, or approximately 31.5% of the total outstanding shares of the Company.
J.P. Morgan Securities LLC is acting as the sole book-running manager for the offering. The Offering is being made pursuant to an effective shelf registration statement, which has been filed with the Securities and Exchange Commission (the “SEC”) and became effective August 30, 2018. The Offering will be made only by means of a preliminary prospectus supplement and the accompanying base prospectus, copies of which may be obtained on the SEC’s website at www.sec.gov. Alternatively, the underwriter will arrange to send you the preliminary prospectus supplement and related base prospectus if you request them by contacting:
J.P. Morgan Securities LLC
Attention: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions
1155 Long Island Avenue, Edgewood, NY 11717
Email at This email address is being protected from spambots. You need JavaScript enabled to view it.
Phone at 1-866-803-9204
This press release is neither an offer to sell nor a solicitation of an offer to buy any securities, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Magnolia Oil & Gas Corporation
Magnolia (MGY) is a publicly traded oil and gas exploration and production company with operations primarily in South Texas in the core of the Eagle Ford Shale and Austin Chalk formations. Magnolia focuses on generating value for shareholders through steady production growth, strong pre-tax margins, and free cash flow. For more information, visit www.magnoliaoilgas.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 Magnolia’s strategy, future operations, financial position, estimated revenues, and losses, projected costs, prospects, plans and objectives of management are forward looking statements. When used in this press release, 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, Magnolia disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. Magnolia cautions you that these forward-looking statements are subject to all of the risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Magnolia, incident to the development, production, gathering and sale of oil, natural gas and natural gas liquids. In addition, Magnolia cautions you that the forward looking statements contained in this press release are subject to the following factors: (i) the length, scope and severity of the ongoing coronavirus disease 2019 (“COVID-19”) pandemic, including the effects of related public health concerns and the impact of continued actions taken by governmental authorities and other third parties in response to the pandemic and its impact on commodity prices as well as supply and demand considerations; (ii) the outcome of any legal proceedings that may be instituted against Magnolia; (iii) Magnolia’s ability to realize the anticipated benefits of its acquisitions, which may be affected by, among other things, competition and the ability of Magnolia to grow and manage growth profitably; (iv) changes in applicable laws or regulations; and (v) the possibility that Magnolia may be adversely affected by other economic, business, and/or competitive factors. 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 differ materially from those expressed in any forward-looking statements. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in Magnolia’s filings with the SEC, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2020. Magnolia’s SEC filings are available publicly on the SEC’s website at www.sec.gov.
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VISTA, Calif.--(BUSINESS WIRE)--$FLUX #GSE--Flux Power Holdings, Inc. (Nasdaq: FLUX), a developer of advanced lithium-ion battery packs for commercial and industrial equipment, today announced that it has entered into securities purchase agreements with several institutional investors, for the purchase and sale of 2,142,860 shares of its common stock and warrants to purchase up to an aggregate of 1,071,430 shares of common stock, at a purchase price of $7.00 per share and associated warrant, in a registered direct offering priced at-the-market under Nasdaq rules. The registered direct offering is expected to close on or about September 27, 2021, subject to the satisfaction of customary closing conditions.
H.C. Wainwright & Co. is acting as the exclusive placement agent for the registered direct offering.
The warrants have an exercise price equal to $7.00 per share, will be exercisable immediately upon issuance and will expire five years from the issuance date.
The gross proceeds from the registered direct offering are expected to be approximately $15.0 million, before deducting placement agent’s fees and other offering expenses. Flux Power currently intends to use the net proceeds from this registered direct offering for general corporate and working capital purposes.
The securities described above are being offered and sold by Flux Power pursuant to a “shelf” registration statement on Form S-3 (File No. 333-249521), including a base prospectus, previously filed with the Securities and Exchange Commission (the “SEC”) on October 16, 2020 and declared effective by the SEC on October 26, 2020. The registered direct offering of the securities is being made only by means of a prospectus supplement that forms a part of the effective registration statement. A final prospectus supplement and an accompanying base prospectus relating to the securities being offered in the registered direct offering will be filed with the SEC and will be available on the SEC's website located at http://www.sec.gov. Electronic copies of the prospectus supplement and the accompanying base prospectus may also be obtained by contacting H.C. Wainwright & Co., LLC at 430 Park Avenue, 3rd Floor, New York, NY 10022, by phone at (212) 856-5711 or e-mail 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 Flux Power Holdings, Inc. (www.fluxpower.com)
Flux Power designs, develops, manufactures, and sells advanced lithium-ion energy storage solutions for lift trucks, and other industrial equipment including airport ground support equipment (GSE), solar energy storage, and other commercial applications. Our “LiFT Pack” battery packs, including our proprietary battery management system (BMS) and telemetry, provide our customers with a better performing, lower cost of ownership, and more environmentally friendly alternative, in many instances, to traditional lead acid and propane-based solutions.
Flux, Flux Power, and associated logos are trademarks of Flux Power Holdings, Inc. All other third-party brands, products, trademarks, or registered marks are the property of and used to identify the products or services of their respective owners.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains projections and other “forward-looking statements” relating to Flux Power’s business, that are often identified by the use of “believes,” “expects” or similar expressions. Forward-looking statements involve a number of estimates, assumptions, risks and other uncertainties, including market and other conditions, that may cause actual results to be materially different from those anticipated, believed, estimated, expected, etc. Such forward-looking statements in this press release include but is not limited to our ability to satisfy the closing conditions of the registered direct offering and the timing of the closing and the intended use of proceeds from the registered direct offering as well as development and success of new products, projected sales, failure to realize sales expected from backlog of orders and contracts; Flux Power’s ability to timely obtain UL Listing for its products, Flux Power’s ability to fund its operations, distribution partnerships and business opportunities and the uncertainties of customer acceptance of current and new products. Actual results could differ from those projected due to numerous factors and uncertainties. Although Flux Power believes that the expectations, opinions, projections, and comments reflected in these forward-looking statements are reasonable, they can give no assurance that such statements will prove to be correct, and that the Flux Power’s actual results of operations, financial condition and performance will not differ materially from the results of operations, financial condition and performance reflected or implied by these forward-looking statements. Undue reliance should not be placed on the forward-looking statements and Investors should refer to the risk factors outlined in our Form 10-K, 10-Q and other reports filed with the SEC and available at www.sec.gov/edgar. These forward-looking statements are made as of the date of this news release, and Flux Power assumes no obligation to update these statements or the reasons why actual results could differ from those projected, except as provided by law.
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SAN ANTONIO--(BUSINESS WIRE)--Water Energy Services ("WES") announces the acquisition of the FMS Business from Key Energy Services. WES provides water logistic services, fluid containment, oil reclamation, salt water disposal and water recycling in the Eagle Ford Shale and the Permian Basin. The FMS Business includes 32 SWDs, frack tanks, transport vehicles and other equipment located in Texas and New Mexico. The CEO of WES, Nicholas Atkins explained that "With the acquisition of the FMS Business we add significant new assets, customer relationships and seasoned personnel to our workforce and the acquisition gives us a broadly diversified base for providing services to our existing and new customers. With the addition of the FMS Business WES is positioned to proceed with several other OFS businesses we are planning to acquire in the Permian and other locations which will be complementary to our business.”
Key's President and Chief Executive Officer, Marshall Dodson stated, "With the divestiture of our Permian Basin and Gulf Coast FMS line of business, we are well-positioned to focus on our core businesses of well service rigs, fishing and rental and coiled tubing operations in those markets. We will use the sales proceeds to strengthen our financial position and to reinvest in our business as we take advantage of the opportunities in front of us.”
A lifelong entrepreneur, Mr. Atkins has founded, developed and successfully exited numerous businesses in the oil and gas industry while creating shareholder value. He has been committed to cleaning up wastewater and drilling fluids in environmentally friendly ways with minimal impact on the environment. Under his leadership, WES has experienced significant growth and transformation both organically and through the strategic acquisition of oilfield services and green technologies.
WES’s CFO Jamie Downs, COO Grady White and HR Director Stephanie Barr were instrumental in getting the deal done with their vast experience in the oil patch.
Rudy Concha, Mr. Atkins' partner in WES, is the founder and chairman of Security Real Estate Brokerage, a private investment firm focused on building real estate-related businesses in primary markets such as the greater Los Angeles Area. Mr. Concha has built his real estate portfolio valued at over $100,000,000 in land, apartments, industrial buildings, commercial and residential properties with skill and tenacity.
Greg Pierce, Managing Director of Oak Hills Securities, Inc. acted as financial advisor and investment banker to WES, Maynards Capital provided the equipment financing for this transaction and Amerisource Business Capital financed the real estate and working capital portions of the transaction.
WES was represented by Leib Orlanski, K&L Gates LLP, Los Angeles, Key Energy Services was represented by Gibson, Dunn & Crutcher LLP and Womble Bond Dickinson (US) LLP represented Maynards Capital.
Jamie Downs
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While 41% of consumers are prepared to switch brands due to poor experience, only 11% of Canadian business leaders consider themselves customer experience leaders
SAN FRANCISCO--(BUSINESS WIRE)--New research released today by Medallia, Inc. (NYSE: MDLA), the global leader in customer and employee experience, reveals a significant gap between consumers’ customer service expectations and Canadian businesses’ ability to deliver on those expectations. Medallia and IPSOS will discuss insights from the report today with a panel of customer experience professionals.
In July of this year, Medallia and IPSOS surveyed 300 Canadian experience professionals across 12 industries and 2,000 Canadian consumers. The resulting State of Experience in Canada Report examines the implications of COVID-19 on Canadian businesses, looks at changing Canadian consumer expectations surrounding customer experience, and reveals that the majority of Canadian businesses are still playing catch up when it comes to delivering on a consistently strong, omni-channel customer experience.
“Every brand in Canada has the potential to drive a phenomenal customer experience. It’s a top priority among consumers today. However, our survey shows that the majority of Canadian businesses are falling far short of consumer expectations when it comes to delivering on that promise,” said Shannon Katschilo, Medallia AVP and country manager for Canada.
The research reveals:
“Our research shows that greater than 50% of businesses who invest in CX see positive returns in customer experience and 35% of those companies realize gains in financial performance and yet, universally the executives, employees and customers all agreed that more needs to be done in the customer experience space to meet changing consumer expectations,” continued Katschilo. “Leading customer experience organizations understand the power of using real-time data to predict and alert the business to issues they need to resolve before their customers decide to leave.”
Today, Medallia and IPSOS will host a panel of customer experience professionals from financial, retail, telco, research and hospitality sectors who will discuss how leading Canadian businesses are turning to customer experience best practices to:
You can register for today’s webinar at: https://events.medallia.com/stateofexperienceincanada and a recording will be available after the event. To download the full report, visit http://medallia.com/canada/state-of-experience.
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About Medallia
Medallia (NYSE: MDLA) is the pioneer and market leader in customer, employee, citizen and patient experience. The company’s award-winning SaaS platform, Medallia Experience Cloud, is becoming the experience system of record that makes all other applications customer and employee aware. The platform captures billions of experience signals across interactions including all voice, video, digital, IoT, social media and corporate messaging tools. Medallia uses proprietary artificial intelligence and machine learning technology to automatically reveal predictive insights that drive powerful business actions and outcomes. Medallia customers reduce churn, turn detractors into promoters and buyers, create in-the-moment cross-sell and up-sell opportunities and drive revenue-impacting business decisions, providing clear and potent returns on investment. For more information visit www.medallia.com.
© 2021 Medallia, Inc. All rights reserved. Medallia®, the Medallia logo, and the names and marks associated with Medallia’s products are trademarks of Medallia. All other trademarks are the property of their respective owners.
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TORONTO--(BUSINESS WIRE)--Superior Plus Corp. (“Superior”) (TSX:SPB) today announced that it has received a request for additional information (“second request”) from the United States Federal Trade Commission (“FTC”) in connection with the pending acquisition by a wholly-owned Superior subsidiary of the equity interests of Kamps Propane, Inc., High Country Propane, Inc., Pick Up Propane, Inc., Kiva Energy, Inc., Competitive Capital, Inc. and Propane Construction and Meter Services (collectively, “Kamps”). Kamps has also received a similar second request from the FTC. The second requests were issued under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (“HSR Act”).
Superior and Kamps have been working cooperatively with the FTC as it conducts its review of the transaction. The second requests are a normal part of the FTC review process. The effect of the second requests is to extend the waiting period imposed by the HSR Act until 30 days after Superior and Kamps have substantially complied with the requests, unless that period is extended voluntarily by the parties or terminated sooner by the FTC.
As a result of the ongoing FTC review, the acquisition of Kamps, which is subject to customary regulatory and commercial closing conditions, is now anticipated to close during the fourth quarter of 2021.
About Superior
Superior is a leading North American distributor and marketer of propane and distillates and related products and services, servicing over 780,000 customer locations in the U.S. and Canada.
For further information about Superior, please visit our website at: www.superiorplus.com or contact: Beth Summers, Executive Vice President and Chief Financial Officer, Tel: (416) 340-6015, or Rob Dorran, Vice President, Investor Relations and Treasurer, Tel: (416) 340-6003, E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it., Toll Free: 1-866-490-PLUS (7587).
Forward Looking Information
This news release contains certain forward-looking information and statements that are based on Superior’s current expectations, estimates, projections and assumptions in light of its experience and its perception of historical trends. In this news release, such forward-looking information and statements can be identified by terminology such as “anticipate”, “extend”, “will”, "expects", and similar expressions.
In particular, this news release contains forward-looking statements and information relating to the anticipated close of the acquisition of Kamps and timing of the close of the acquisition of Kamps. These forward-looking statements are being made by Superior based on certain assumptions that Superior has made in respect thereof as at the date of this news release, regarding, among other things: that any required commercial agreements can be reached; and that all required regulatory approvals can be obtained on the necessary terms in a timely manner. These forward-looking statements are not guarantees of future performance and are subject to a number of known and unknown risks and uncertainties, including, but not limited to: the regulatory environment and decisions; non-performance of agreements in accordance with their terms; actions by governmental or regulatory authorities; that the acquisition may be modified, restructured, or terminated and certain other risks detailed from time to time in Superior’s public disclosure documents including, among other things, those detailed under the heading "Risk Factors" in Superior’s management's discussion and analysis and annual information form for the year ended December 31, 2020, which can be found at www.sedar.com.
Accordingly, readers are cautioned that events or circumstances could cause results to differ materially from those predicted, forecasted or projected. Such forward-looking statements are expressly qualified by the above statements. Superior does not undertake any obligation to publicly update or revise any forward looking statements or information contained herein, except as required by applicable laws.
Beth Summers
Executive Vice President and Chief Financial Officer
Tel: (416) 340-6015
or
Rob Dorran
Vice President, Investor Relations and Treasurer
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Selected agtech startups will have access to on-farm testing network to test new sustainable solutions at scale
DENVER--(BUSINESS WIRE)--Today, the Wells Fargo Innovation Incubator (IN2), a technology incubator and platform funded by the Wells Fargo Foundation and co-administered by the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL), announced a partnership with Farmers Business Network, a technology enabled, direct-to-farm commerce, community and sustainability platform helping Family Farmers maximize their farm’s profit potential. With support from the Donald Danforth Plant Science Center, agtech startups that are currently participating in the IN2 program or that will participate in the future now have the opportunity to access a network of on-farm sites to test products and solutions on real farms.
Sustainable agtech solutions, like the ones being developed by startups in the IN2 program, are aimed at improving agricultural outputs while reducing the industry’s environmental impact. Access to real-world data on the efficacy of a particular solution is critical to the commercial success of new innovations. Testing on real-world farms provides insight into performance under realistic conditions, and across a comprehensive range of environmental conditions, farming practices and other important parameters.
The IN2 startups that leverage the partnership will test out their technologies at scale, across up to hundreds of acres on farms within the broad FBN network. FBN will leverage its network and detailed agronomic and environmental datasets to curate ideal farms for trials that test each startup’s solution inthe right agronomic conditions. Robust datasets will be collected from each trial and rigorously analyzed to develop deep insights into product performance.
“The IN2 program already offers participating agtech companies access to Danforth Center and NREL’s leading lab resources and research and development expertise. Through this new partnership with FBN, we can now also connect our cohort companies with a massive farmer network of more than 30,000 farms and 75 million acres. Through real-world testing at scale, startups will have access to invaluable information on the performance of their solutions,” said Claire Kinlaw, director of innovation commercialization at Donald Danforth Plant Science Center.
“FBN is thrilled to partner with the Wells Fargo IN2 program and the Danforth Center to help accelerate the commercialization of new technologies that can simultaneously benefit farmers and the environment. The IN2 program has collected an impressive roster of some of the most promising agtech startups. FBN is eager to help generate high-quality data on how these technologies perform at scale on real-world farms, with the goal of speeding the delivery of new innovations to farmers,” said Matt Meisner, vice president of R&D and data science at FBN.
IN2 and FBN will select the first participants from the group of 16 agtech startups that are currently a part of the IN2 program. Reviews and selections will take place this Fall, with the first on-farm testing taking place during the 2022 crop season.
About the Wells Fargo Innovation Incubator (IN2)
The Wells Fargo Innovation Incubator (IN2) is a $50 million technology incubator and platform funded by the Wells Fargo Foundation. Co-administered by and housed at the National Renewable Energy Laboratory (NREL) in Golden, Colorado, IN2’s mission is to speed the path to market for early-stage, clean-technology entrepreneurs. Launched in 2014 with an initial focus on supporting scalable solutions to reduce the energy impact of commercial buildings, IN2 has since expanded its focus to advance technologies that address the sustainable production of agriculture and housing affordability. For more information, visit www.in2ecosystem.com.
About the Donald Danforth Plant Science Center
Founded in 1998, the Donald Danforth Plant Science Center is a not-for-profit research institute with a mission to improve the human condition through plant science. Research, education and outreach aim to have impact at the nexus of food security and the environment, and position the St. Louis region as a world center for plant science. The Center’s work is funded through competitive grants from many sources, including the National Institutes of Health, U.S. Department of Energy, National Science Foundation, and the Bill & Melinda Gates Foundation. Follow us on Twitter at @DanforthCenter.
About Farmers Business Network
Farmers Business Network, Inc. is an independent ag tech platform and farmer-to-farmer network with a mission to power the prosperity of family farmers around the world, while working towards a sustainable future. Its Farmers First® promise has attracted over 27,000 members to the network with a common goal of maximizing their farm’s profit potential. FBN has set out to redefine value and convenience for farmers by helping reduce the cost of production and maximize the value of their crops.
The FBN network has grown to cover more than 70 million acres of member farms in the U.S., Canada, and Australia. Blending the best of Midwestern agricultural roots and Silicon Valley technology, the company has over 600 personnel and offices in San Carlos, Calif., Chicago, Ill., Sioux Falls, S.D., a Canadian Headquarters in High River, Alberta, and an Australian Headquarters in Perth.
To learn more, visit: www.fbn.com
IN2 Media
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PARIS--(BUSINESS WIRE)--Regulatory News:
Technip Energies (PARIS:TE) will issue its nine months 2021 financial results on Thursday 21 October 2021 at 07:30 CET. The Company will host a results conference call on the same day at 13:00 CET.
To participate in the conference call, please use one of the following telephone numbers and dial in approximately 10 minutes prior to the scheduled start time:
FR: +33 1 76 70 07 94
UK: +44 (0) 2071 928000
US: +1 631 510 74 95
Conference Code: 8339559
The event will be webcast simultaneously and can be accessed at:
https://edge.media-server.com/mmc/p/uiozr7hx
To listen to the webcast, please register on the website at least 10 minutes before the call begins. The webcast will be available on-demand shortly after it has finished.
About Technip Energies
Technip Energies is a leading Engineering & Technology company for the energy transition, with leadership positions in Liquefied Natural Gas (LNG), hydrogen and ethylene as well as growing market positions in blue and green hydrogen, sustainable chemistry and CO2 management. The company benefits from its robust project delivery model supported by extensive technology, products and services offering.
Operating in 34 countries, our 15,000 people are fully committed to bringing our client’s innovative projects to life, breaking boundaries to accelerate the energy transition for a better tomorrow.
Technip Energies is listed on Euronext Paris with American depositary receipts (“ADRs”). For further information: www.technipenergies.com.
Investor relations
Phil Lindsay
Vice-President Investor Relations
Tel: +44 203 429 3929
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Media relations
Stella Fumey
Director Press Relations & Digital Communications
Tel: +33 1 85 67 40 95
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Distributed energy industry leaders join forces to deliver value to the grid and businesses
RESTON, Va. & SAN FRANCISCO--(BUSINESS WIRE)--#demandresponse--Intelligent energy network provider GridPoint today announced its partnership with Leap, an energy marketplace provider, with the two companies collaborating on the development of virtual power plants (VPPs) to provide flexible electricity capacity and energy efficiency savings in times of peak demand and when grid emergencies occur, enabling a more resilient and reliable energy grid.
According to the Washington Post, nearly one in three Americans experienced a weather disaster this summer. As extreme weather events add stress to aging energy infrastructure, Americans are becoming increasingly vulnerable to widespread, multi-day power outages. To improve grid resiliency and reliability, underutilized energy capacity assets, including small to midsize buildings with smart grid-connected technologies, can respond to real-time energy price, demand, supply, or public safety signals to provide immediate capacity and enable automatic load reductions.
GridPoint’s hardware-enabled subscription automates energy and operational efficiency for businesses in accordance with real-time electricity supply and costs, and provides utilities and grid operators with on-demand flexibility. By partnering with Leap, GridPoint and its customers can now capture the full value of automated energy consumption reductions, linking any grid-connected load to global energy markets with Leap’s simple API. Together, GridPoint and Leap are enabling asset owners to contribute to grid resiliency efforts and receive the best value for their reduced loads in a simple, flexible manner. The two companies will continue to grow their networks of grid-interactive buildings and smart technologies to maximize the application of their combined on-demand flexible capacity, all the while creating new revenue streams for partners and customers by supporting Demand Response (DR) program participation.
“GridPoint’s mission is to enable the world’s transition to an efficient and sustainable future through smart, grid-connected buildings. As extreme weather events become more frequent and more disastrous as a result of climate change, we are excited to have Leap join us in this mission. Our team at GridPoint has already seen success in helping to mitigate blackouts during California’s deadly 2020 fire season by providing instantaneous, voluntary capacity to the state’s power grid during the emergency in August through our Open Automated DR certified technology. We look forward to expanding our impact as a result of this partnership,” said GridPoint CEO Mark Danzenbaker.
“At Leap, we are democratizing access to wholesale energy markets for both our partners and their end customers. We enable VPPs in place of massive and expensive infrastructure build outs, aggregating the value of existing smart technologies so that they can become more valuable to their owners and to the grid today. By forming partnerships with innovative, grid-edge companies like GridPoint, we’re empowering asset owners to combat the causes and effects of climate change, while also maximizing their financial benefits,” said Jason Michaels, Chief Commercial Officer at Leap.
About GridPoint
GridPoint’s mission is to accelerate the world’s transition to a sustainable energy future by creating a network of grid-interactive buildings. By transforming the way commercial businesses use energy through hardware and AI software, GridPoint unlocks the decarbonization, sustainability, and grid resiliency required for a cleaner, more efficient tomorrow. The technology platform harnesses power and potential within a building to deliver energy, operational, and resiliency benefits. Networked together, these buildings provide reliable, precise, and instantaneous capacity for utilities and grid operators. GridPoint’s network includes Fortune 500 enterprises, utilities, government organizations and industrial complexes.
About Leap
Leap is the leading global platform for integrating flexible energy resources into global electricity markets. Leap supplies the grid with zero carbon, price competitive alternatives to fossil-fueled power plants by creating virtual power plants (VPPs) from its partners’ batteries, electric vehicles, smart thermostats, HVAC systems and industrial facilities. Leap performs all the heavy lifting to operate and stay compliant across wholesale energy markets, enabling partners to unlock hidden revenue, increase customer engagement, and achieve sustainability goals. Leap is a privately held company with offices in San Francisco and the Netherlands.
GridPoint Contact:
Liz Crumpacker, This email address is being protected from spambots. You need JavaScript enabled to view it.
Leap Contact:
Isaac Steinmetz, This email address is being protected from spambots. You need JavaScript enabled to view it.
MLPE leader builds on Tigo Enhanced partnerships to deliver a comprehensive, installer-friendly residential solar-plus-storage solution for the U.S. market.
CAMPBELL, Calif.--(BUSINESS WIRE)--Tigo Energy, Inc., the solar industry’s worldwide leader in Flex MLPE (Module Level Power Electronics), today announced that the company is taking orders for the Energy Intelligence (EI) Inverter and Battery product lines from residential installers in the United States. These new hardware solutions expand the Tigo product portfolio with a focus on ease-of-installation, more efficient system maintenance and management, and increased flexibility for installers. The new line of EI Battery and Inverter products will allow U.S.-based residential installers to benefit from native integrations of Tigo technology with solar and storage components. The program represents an extension of the Tigo Enhanced commercial and industrial solar partnership program into the residential market.
Tigo Energy has led solar innovation with its TS4 Flex MLPE (Module Level Power Electronics) by providing the freedom for customers to choose the features and components for their solar installations. With almost fifteen years of MLPE leadership in the industry, Tigo is continuing to build its portfolio to provide comprehensive hardware and software solutions for discerning solar and storage installers. The new Tigo EI Battery and Inverter products carry on the Company’s tradition of offering flexibility and choice across global solar markets between 10 kW and 10 MW, including broad compatibility with third-party components.
The new Tigo EI Inverters offer high-efficiency energy conversion for home consumption or export to the grid. When used in combination with Tigo TS4 MLPE products, it provides module-level optimization, monitoring and rapid shutdown, and enables home energy backup when paired with a home energy storage system like the Tigo EI Battery. Available in 7.6 kW and 11.4 kW configurations, the products feature:
The new Tigo Energy Intelligence Battery provides energy bill management for time-of-use rate plans and backup energy in the event of a grid outage. To satisfy a comprehensive array of home energy needs, the EI Battery can be configured for both whole-home and critical load backup. Tigo EI Battery systems are rated at 9.9 kWh of energy per enclosure, with usable capacity of 9.0 kWh, and feature:
The Tigo Energy Intelligence product line allows for maximum flexibility in an integrated system that is easy to install, fast to commission, and convenient to maintain through the Tigo EI mobile app and a browser-based program. The Tigo EI platform provides system diagnosis and over-the-air software upgrades. In addition, energy production is clearly monitored and analyzed for greater visibility and understanding of energy systems. With industry-leading warranties on all hardware, homeowners and installers can continue to rely on product performance and support from Tigo Energy.
“With the addition of the battery and inverter products, we now offer a comprehensive solar-plus-storage system that maintains the flexibility and choice our customers have come to expect from Tigo,” said Zvi Alon, chief executive officer at Tigo Energy. “As with our Flex MLPE products, the new EI Battery and Inverter products provide a very simple installation and commissioning process as well as powerful fleet management features. The end customer, in turn, will benefit from access to an abundance of resilient, renewable, and safe energy with a system that can be precisely tailored for price and performance.”
Over the past 12 months, Tigo released key updates and innovations to its Flex MLPE product line to address the growing demand for high-power solar modules and energy projects that call for a diversified set of fire safety, monitoring, management, and power optimization features. The new product offerings include upgrades of all Tigo TS4 MLPE devices, including those with rapid shutdown with module level monitoring, to serve modules up to 700W and the updated Energy Intelligence (EI) software solution to simplify fleet management for installers.
Installers in the U.S. are encouraged to learn more about Tigo EI products on a webinar scheduled for October 6, 2021, schedule a briefing with Tigo, or place orders.
About Tigo Energy
Tigo Energy is the worldwide leader in Flex MLPE (Module Level Power Electronics) with innovative solutions that increase solar energy production, decrease operating costs, and significantly enhance safety of solar energy systems. The Tigo TS4 platform maximizes the benefit of solar and provides customers with the most scalable, versatile, and reliable MLPE solution available. Tigo was founded in Silicon Valley in 2007 to accelerate the adoption of solar energy worldwide. Tigo systems operate on seven continents and produce gigawatt hours of reliable, clean, affordable, and safe solar energy daily. With a global team, Tigo Energy is dedicated to making the best MLPE on earth so more people can enjoy the benefits of solar. Find us online at www.tigoenergy.com.
Technica Communications
Gabrielle Reitano
(408) 806-9626 Ext. 9783
This email address is being protected from spambots. You need JavaScript enabled to view it.
Satellite will launch directly to geostationary orbit, meaning broadband internet service will come online months faster for underserved areas of Alaska
SAN FRANCISCO--(BUSINESS WIRE)--Astranis announced today that its first commercial communications satellite, set to provide service for Alaska from geostationary orbit, will now launch as a secondary payload on a SpaceX Falcon Heavy rocket on a direct-inject mission set for Spring 2022. The mission profile will allow the spacecraft to arrive at its orbital slot within days of launch and removes the need for a multiple-month orbit raise from a highly-elliptical geostationary transfer orbit (GTO).
Astranis CEO John Gedmark said, “Launching on Falcon Heavy will get us on-orbit months faster, allowing us to serve customers in Alaska that much sooner. This is a huge win for our customers in Alaska.”
The change of launch vehicle from SpaceX’s Falcon 9 follows the successful launch of a subscale demonstration satellite to orbit, the successful completion of thermal-vacuum testing of a qualification vehicle, and the successful completion of their Critical Design Review. Astranis recently announced that the satellite is in its final stage of assembly after a successful end-to-end payload demonstration that showed results above spec.
Astranis’s small communications satellite is bound for geostationary orbit to serve Alaska, a state that has long faced one of the sharpest digital divides in the United States. According to Broadband Now, 39% of Alaskans are underserved when it comes to internet access — the highest rate of any state. The Astranis satellite will roughly triple the currently available satellite capacity in Alaska while also bringing costs down to one third of current pricing for both residential and wholesale customers.
Pacific Dataport CEO Chuck Schumann stated, “Working with the entire Astranis team has been a wonderful experience and we’re excited to see our satellite readied for launch. There are more than 100,000 rural Alaskans who are ready for an affordable broadband connection and Astranis is helping us bring them modern connectivity. This is a really big deal for Alaska.”
About Astranis
Astranis is building small, low-cost telecommunications satellites to connect the four billion people who currently do not have access to the internet. Each spacecraft operates from geostationary orbit (GEO) with a next-generation design of only 400 kg, utilizing a proprietary software-defined radio payload. This unique digital payload technology allows frequency and coverage flexibility, as well as maximum use of valuable spectrum. By owning and operating its satellites and offering them to customers as a turnkey solution, Astranis is able to provide bandwidth-as-a-service and unlock previously unreachable markets. This allows Astranis to launch small, dedicated satellites for small and medium-sized countries, Fortune 500 companies, existing satellite operators, and other customers.
Astranis has successfully launched a test satellite into orbit and is now underway with its first commercial program—a satellite to provide broadband internet for Alaska that will more than triple the available bandwidth across the state. This satellite is now in final assembly and set for a launch in 2022. The company is headquartered in San Francisco with a team of over 175, including world-class engineers from SpaceX, Boeing, Skybox, Qualcomm, Apple, and Google. Astranis has raised over $350M from top Silicon Valley and growth investors, including Andreessen Horowitz, Venrock, and BlackRock.
For more information, follow along at astranis.com, or on Twitter at @astranis_space.
About Pacific Dataport Inc.
Pacific Dataport Inc. (PDI) is a satellite middle mile provider headquartered in Anchorage, Alaska. PDI was founded “by Alaskans, for Alaskans” to enable Internet access for everyone, everywhere in Alaska. PDI is focused on providing affordable middle mile and last mile broadband using the newest satellite technology from the Aurora and OneWeb Networks. PDI clients include telecoms (wired & wireless), non-profits, hospitals, health clinics, schools, libraries, governments (Tribal, local, state & federal) and Alaska Native Corporations, Villages and Tribes.
For more information on PDI please look to pacificdataport.com.
Astranis media contact
Christian Keil, This email address is being protected from spambots. You need JavaScript enabled to view it.
Pacific Dataport Inc. media contact
Alexander Schumann, This email address is being protected from spambots. You need JavaScript enabled to view it.
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