Five local families will never have to worry about their energy bills again, thanks to the $250k donation from solar provider Atlantic Key Energy
PENSACOLA, Fla.--(BUSINESS WIRE)--This Saturday, local solar provider Atlantic Key Energy made a life-changing donation for five families in the Pensacola area. The donation, which amounts to $250k, will cover solar systems for all five family homes.
Atlantic Key Energy has been serving the state of Florida since 2019, helping families save money with the sun. The company stands by their mission to serve others and help them achieve more, and applies it to everything that they do. From this sentiment came their partnership with the local organization Feed Fosters NWF.
The company consistently sponsors the monthly meals that the organization provides to over 200 families throughout the northwest region of Florida.
“Being a parent is a huge responsibility, and these parents have twice the amount of responsibility if not more. It is a thankless job to look after the vulnerable members of society that have no one else. That is why we felt this giveaway was a great way to give back to families in the community that deserve it,” says CEO Brian Schonbeck.
In addition to their work with Feed Fosters NWF, Atlantic Key is a proud partner of the GivePower Foundation, whose solar water farms sustainably create access to clean water in water-scarce regions worldwide.
Atlantic Key Energy serves the Sunshine State and has expanded to Arkansas, Texas, Georgia, and South Carolina with 16 local offices and over 700 employees.
For more information about Atlantic Key Energy and their give-back initiatives, visit https://atlantickeyenergy.com/ake-gives-back/.
About Atlantic Key Energy Solar
Atlantic Key Energy is an industry leader in the responsible installation of solar energy. Atlantic Key Energy helps homeowners generate clean rooftop energy and lock-in affordable energy rates through free estimates, education, installation and excellent customer service. Through Energy Expects, AKE helps homeowners evaluate if their homes are already qualified to save with the sun. AKE was awarded the 2020-2021 Green Flash and Green Partner Award from CED Green Tech. AKE hopes to expand their reach across the entire east coast. To learn more about Atlantic Key Energy, check out their Facebook and Instagram or head to their website atlantickeyenergy.com.
Maria Nino
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407.541.9155
DUBLIN--(BUSINESS WIRE)--The "Global Drilling Bits Market in Oil and Gas Market 2021-2025" report has been added to ResearchAndMarkets.com's offering.
The publisher has been monitoring the drilling bits market in oil and gas industry and it is poised to grow by $1.32 billion during 2021-2025, progressing at a CAGR of 6.29% during the forecast period.
The report on drilling bits market in oil and gas industry provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the migration of drilling into unconventional areas and increased use of horizontal and multilateral wells.
The drilling bits market in oil and gas industry analysis includes product and application segments and geographic landscape. This study identifies the focus on reduction of non-productive time (NPT) as one of the prime reasons driving the drilling bits market in oil and gas industry growth during the next few years.
Companies Mentioned
The report on drilling bits market in oil and gas industry covers the following areas:
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Key Topics Covered:
1. Executive Summary
2. Market Landscape
3. Market Sizing
4. Five Forces Analysis
5. Market Segmentation by Product
6. Market Segmentation by Application
7. Customer landscape
8. Geographic Landscape
9. Vendor Landscape
10. Vendor Analysis
11. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/x1k6ds
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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OSLO, Norway & STERLING, Va.--(BUSINESS WIRE)--#LeifErikson--Bulk Fiber Networks, a leading builder and operator of fiber network infrastructure in the Nordics, and WFN Strategies, a leading submarine cable planning, engineering, and implementation firm, together announce commencement of a feasibility study for the prospective Leif Erikson cable project, unlocking the global renewable giants Norway and Canada.
The Leif Erikson Cable System will consist of a 4.200 km direct link between southern Norway and Atlantic-Canada connecting into Goose Bay, including plans to extend the system terrestrially back to Montreal. The Leif Erikson system will be the first trans-Atlantic cable powered with 100% renewable energy in line with Bulk’s vision to bring sustainable infrastructure to a global audience.
The Leif Erikson subsea fiber cable will form a northern route between Norway and Canada with 100% renewable energy feed from both sides of the Atlantic.
The feasibility study will be used for survey and construction planning, hazard identification, risk management, and budget and economic modeling. In addition, the feasibility study will develop sustainability requirements for the supply chain and life cycle management.
Bulk Infrastructure owns and operates more than 10,000 km of international and intra-Nordic high-capacity subsea and terrestrial fiber networks, including four live subsea fiber systems, one under construction and the Leif Erikson system now kicking off detailed planning.
WFN Strategies will act as the project planner, designer, and implementer, establishing an initial understanding of the telecommunications infrastructure which will need to be constructed; creating a high-level plan (technical requirements and timeline) for developing that infrastructure; identifying any obstacles or issues in constructing the infrastructure; and providing budgetary cost estimates for the Leif Erikson Cable System project. WFN will bring long term industry experience into the project planning and management.
“We are pleased to formally kick off the Leif Erikson project together with WFN,” said Peder Naerboe, Founder & Executive Chairman at Bulk. “WFN’s experience with submarine cable projects in the arctic regions as well as their determination to include Sustainability as a key element all through the project management makes them the ideal partner for us in a project like Leif Erikson.”
“We are excited to be working with Bulk in preparing the Feasibility Study for the Leif Erikson submarine cable project,” said WFN Strategies Managing Director, Wayne Nielsen. “Bulk Fiber Networks continues to demonstrate success in project execution and making sustainable digital infrastructure available for a rapidly expanding industry. This project draws nicely on our cable engineering and development capabilities, and we look forward to supporting this new system.”
In the Norwegian end of the Leif Erikson system, a prosperous Nordic Data Center industry is rapidly becoming a sustainability hub in European Digital Infrastructure. The Nordic governments support digital infrastructure development at scale. As an example the Norwegian government issued in 2018 a national data center strategy: “Powered by Nature: Norway as a Data Center Nation.” A critical element to achieving this vision of the Nordics as a sustainable Digital Infrastructure hub in Europe, is the availability of high-capacity dark fiber, including low-latency pathways to North America and Central Europe. The Leif Erikson system would be a hallmark project in such respect, and would furthermore be the first trans-Atlantic fiber system that would be powered by 100% renewable energy in both ends. This was also acknowledged by the Global Carrier Awards when shortlisting Leif Erikson for special recognition in the 2021 awards to be announced later this month.
About Bulk Fiber Networks AS
Bulk Fiber Networks is a leading builder and operator of fiber network infrastructure, tailor-made to meet the growing demands of large-scale data and cloud service providers in the Nordics, the US and Europe. We offer some of the shortest, lowest-latency international and intra-Nordic fiber routes available. To learn how Bulk Fiber Networks can help you connect into the Nordics, visit bulkinfrastructure.com and follow us on LinkedIn, Twitter and Facebook. Bulk Fiber Networks is a division of Bulk Infrastructure, a leading provider of sustainable digital infrastructure in the Nordics.
About WFN Strategies, LLC
WFN Strategies, LLC (wfnstrategies.com) is an industry-leading consultancy specializing in the planning, procurement, and implementation of submarine cable systems. WFN has served the telecommunications industry for 20 years and possesses an accredited ISO 9001:2015 management system, and ISO 27001:2013 InfoSec program for the implementation of submarine cable systems for commercial, governmental, and offshore energy companies throughout the world. We are in the process of obtaining our ISO 14001:2015 certification for an environmental management system. WFN’s commitment to sustainability spans two decades, and it recently adopted a roadmap to reduce Scope 1, 2, and 3 carbon emissions in line with climate science, and to achieve net-zero carbon emissions by 2040. WFN advocates for reduced emissions through renewable energy alternatives for clients’ submarine cables. In 2019, WFN received the President’s “E” Award for Exports.
Mia Hinterwaldner
iMiller Public Relations
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+1 866-307-2510
PARIS & ARNHEIM, the Netherlands & NEW YORK--(BUSINESS WIRE)--Allego Holding B.V. (“Allego” or the “Company”), a leading pan-European electric vehicle (“EV”) charging network, which recently announced its proposed business combination with Spartan Acquisition Corp. III (NYSE: SPAQ), today announced that it is expanding its existing partnership with Van der Valk VDC, a prominent European hotel group, to offer fast charging facilities at over 50 hotels across the Netherlands and Belgium. The project will include the installation of at least 60 ultra-fast chargers, ranging from 150kW to 300kW, as well as the installation of 60 fast chargers of 50kW, at different Van der Valk locations. Customers who anticipate a longer stay at the hotels may also avail themselves of one of the 100 AC 11kW chargers also provided by Allego.
This strategic agreement advances Allego’s mission to offer EV drivers increased charging optionality and accessibility across Europe. Together, Allego and Van der Valk are accelerating the availability of charging locations along travel corridors and in metropolitan areas. Their long-term partnership also provides for future expansions as the EV market evolves.
Ultra-fast charging and excellent hospitality services
Allego’s ultra-fast 150kW and 300 kW charging stations allow EV drivers to quickly obtain sufficient range and charge, allowing for a peaceful visit to a Van der Valk hotel. Van der Valk hotels are all centrally located along provincial roads and motorways, providing both a short drive from the road as well as the brand’s excellent service and comfort. Van der Valk hotels’ high quality hospitality offering may provide drivers with a delicious lunch, a cup of coffee, or bathroom break.
Expansion to begin at Van der Valk Cuijck
Allego currently has ultra-fast chargers installed at ten Van der Valk locations. The installation of the charging facilities at Van der Valk’s Cuijck-Nijmegen hotel will begin in the fourth quarter of 2021. Allego aims to have the other locations up and running within two years.
Mathieu Bonnet, CEO of Allego, said, “I am delighted that Van der Valk has put their trust in Allego to expand our collaboration to more locations and countries. Given the strength of the Van der Valk brand and the added value of the hotels’ hospitality offering for EV drivers, we are very much looking forward to enhancing our partnership.”
Rick Luijten, head of purchasing at Van der Valk VDC, said, “We have gotten to know Allego as a dynamic and leading company in its sector. We very much admire the drive and dedication of the Allego team and we look forward to working together with Allego as our long-standing partner to deliver fast and ultra-fast charging.”
About Allego
Allego delivers charging solutions for electric cars, motors, buses and trucks, for consumers, businesses and cities. Allego’s end-to-end charging solutions make it easier for businesses and cities to deliver the infrastructure drivers need, while the scalability of our solutions makes us the partner of the future. Founded in 2013, Allego is a leader in charging solutions, with an international charging network comprised of more than 26,000 charge points operational throughout Europe – and growing rapidly. Our charging solutions are connected to our proprietary platform, EV-Cloud, which gives us and our customers a full portfolio of features and services to meet and exceed market demands. We are committed to providing independent, reliable and safe charging solutions, agnostic of vehicle model or network affiliation. At Allego, we strive every day to make EV charging easier, more convenient and more enjoyable for all.
Forward-Looking Statements.
All statements other than statements of historical facts contained in this press release (“Press Release”) are forward-looking statements. Forward-looking statements may generally be identified by the use of words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,”, “project,” “forecast,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” “target” or other similar expressions (or the negative versions of such words or expressions) that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of other financial and performance metrics and projections of market opportunity and market share. These statements are based on various assumptions, whether or not identified in this Press Release, and on the current expectations of Allego’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and may differ from assumptions, and such differences may be material. Many actual events and circumstances are beyond the control of Allego. These forward-looking statements are subject to a number of risks and uncertainties, including (i) changes in domestic and foreign business, market, financial, political and legal conditions; (ii) risks related to the rollout of Allego’s business strategy and the timing of expected business milestones; (iii) risks related to the consummation of the proposed business combination with Spartan Acquisition Corp. III being delayed or not occurring at al; (iv) risks related to political and macroeconomic uncertainty; (v) the risk that the installation of the ultra fast charging facilities at certain Van der Valk locations is delayed or does not occur at all and (vi) the impact of the global COVID-19 pandemic, including its impact on any of the foregoing risks. If any of these risks materialize or Allego’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Allego does not presently know or that Allego currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Allego’s expectations, plans or forecasts of future events and views as of the date of this Press Release. Allego anticipates that subsequent events and developments will cause Allego’s assessments to change. However, while Allego may elect to update these forward-looking statements at some point in the future, Allego specifically disclaims any obligation to do so, unless required by applicable law. These forward-looking statements should not be relied upon as representing Allego’s assessments as of any date subsequent to the date of this Press Release. Accordingly, undue reliance should not be placed upon the forward-looking statements.
For Allego
Investors
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Mercedes-EQ Experience brand centers pop up in New York and California alongside a 20-city test drive tour to immerse consumers in the brand’s electrification efforts
ATLANTA--(BUSINESS WIRE)--Mercedes-Benz USA (MBUSA) announced today the launch of several interactive initiatives to educate consumers across the country about the brand’s first line of electric vehicles, Mercedes-EQ. Consumers in 20 U.S. cities will have the chance to test drive the first vehicle from the line, the all-new 2022 EQS Sedan, which officially arrives in the U.S. market later this fall. Later this month, the luxury automotive brand will also open the first of three Mercedes-EQ Experience brand centers in New York City, where guests will be able to learn more about its commitment to an electric future.
The local test drives simultaneously kicked off in Las Vegas, NV and Orange County, CA on October 6. At the test drives, attendees will enjoy a complimentary 30-minute drive to experience the technology, design, functionality, and connectivity of the EQS Sedan. Each ride will be accompanied by a product specialist who will serve as a right seat passenger. Attendees will also have access to the Mobile Experience Center, a hub where they will experience the pinnacle of electric luxury, in addition to an interactive digital experience educating them on the charge and range capabilities of electric vehicles.
On October 11, the Mercedes-EQ Experience will open its doors in the Meatpacking District of New York City, located at 60 10th Avenue, and will remain open through December 1. The Mercedes-EQ Experience will bring to life next generation innovations of Mercedes-EQ. A range of curated, immersive experiences will touch on the themes of a sustainable future, progressive luxury, and education on the vehicle’s charge and range capabilities. These will include:
An additional Mercedes-EQ experience will open in Santa Monica, CA from November 15-December 15, with a final center opening in early 2022.
“We are so excited to provide our U.S. consumers with a luxury electric offering with the new EQS Sedan. Through these local initiatives, we want to make it as easy as possible for drivers across the country to learn about the new Mercedes-EQ family of vehicles, and ultimately, feel comfortable going electric,” said Monique Harrison, Head of Brand at Mercedes-Benz USA. “Mercedes-Benz is focused on creating a smarter way of living and we look forward to bringing our U.S. consumers along on this important journey with us.”
The Mercedes-EQ family of vehicles will combine sophistication, sustainability, high-end technology, and style for an unprecedented fully electric luxury experience. The first models being introduced to the U.S. market include the EQS 450+ and the EQS 580 4MATIC and will launch later this fall. With powerful and efficient systems, highly intelligent and adaptive functions, and sustainable yet luxurious details, the EQS unites performance, luxury, and sustainability in the most progressive way.
To view the full test drive city tour schedule and register for a specific session, please visit www.MercedesEQTestDrive.com. Consumers who do not register in advance will be accommodated on a first-come, first-serve basis. To learn more about the EQS Sedan, please visit www.mbusa.com.
Local Test Drive Schedule:
About Mercedes-Benz USA
Mercedes-Benz USA (MBUSA), headquartered in Atlanta, is responsible for the distribution, marketing and customer service for all Mercedes-Benz products in the United States. MBUSA offers drivers the most diverse lineup in the luxury segment with 15 model lines ranging from the sporty A-Class Sedan to the flagship S-Class and the Mercedes-AMG GT R. MBUSA is also responsible for Mercedes-Benz Vans in the U.S. More information on MBUSA and its products can be found at www.mbusa.com and www.mbvans.com.
Accredited journalists can visit our media site at www.media.mbusa.com.
News Media Contact:
Lindsay Munson, Mercedes-Benz USA
201-573-2238
CHANDLER, Ariz.--(BUSINESS WIRE)--Rogers Corporation (NYSE:ROG) announced its acquisition of Silicone Engineering Ltd., a leading European manufacturer of silicone material solutions based in Lancashire, UK. Silicone Engineering expands Rogers’ existing advanced silicones platform and provides Rogers a European Center of Excellence to service customers requiring premium silicone solutions for applications in the EV/HEV, Industrial, Medical and other markets.
“Silicone Engineering is a premiere silicone solutions provider and is an outstanding strategic fit with our Elastomeric Material Solutions business,” said Bruce Hoechner, Rogers’ President and Chief Executive Officer. “This combination creates a dynamic silicones platform in Rogers that further strengthens our ability to serve our global customers, especially for our core markets. The Silicone Engineering team, products and business model are closely aligned with Rogers, so we expect a seamless integration, and we look forward to maximizing the strategic commercial opportunities this combination affords.”
The transaction closed October 8, 2021. Terms were not disclosed. Rogers expects the transaction to be accretive to 2022 earnings per share. Trailing twelve month revenues for Silicone Engineering were approximately £30 million, and Silicone Engineering’s profitability is comparable to that of the Elastomeric Material Solutions business unit.
About Rogers Corporation
Rogers Corporation (NYSE:ROG) is a global leader in engineered materials to power, protect and connect our world. Rogers delivers innovative solutions to help our customers solve their toughest material challenges. Rogers’ advanced electronic and elastomeric materials are used in applications for EV/HEV, automotive safety and radar systems, mobile devices, renewable energy, wireless infrastructure, energy-efficient motor drives, industrial equipment and more. Headquartered in Chandler, Arizona, Rogers operates manufacturing facilities in the United States, Asia and Europe, with sales offices worldwide.
Safe Harbor Statement
This release contains forward-looking statements, which concern our plans, objectives, outlook, goals, strategies, future events, future net sales or performance, capital expenditures, future restructuring, plans or intentions relating to expansions, business trends and other information that is not historical information. Such statements include, but are not limited to, statements about the benefits of the Silicone Engineering acquisition, including future financial and operating results, the combined company’s plans, objectives, expectations and intentions, and other statements that are not historical facts. All forward-looking statements are based upon information available to us on the date of this release and are subject to risks, uncertainties and other factors, many of which are outside of our control, which could cause actual results to differ materially from those indicated by the forward-looking statements. Risks and uncertainties that could cause such results to differ include: the ability to recognize the anticipated benefits and synergies of the Silicone Engineering acquisition; the ability to successfully integrate Silicone Engineering into the Company; the outcome of any legal proceedings that may be instituted against the Company following the announcement of the Silicone Engineering acquisition; the duration and impacts of the novel coronavirus global pandemic and efforts to contain its transmission and distribute vaccines, including the effect of these factors on our business, suppliers, customers, end users and economic conditions generally; failure to capitalize on, volatility within, or other adverse changes with respect to the Company's growth drivers, including advanced mobility and advanced connectivity, such as delays in adoption or implementation of new technologies; uncertain business, economic and political conditions in the United States (U.S.) and abroad, particularly in China, South Korea, Germany, Hungary and Belgium, where we maintain significant manufacturing, sales or administrative operations; the trade policy dynamics between the U.S. and China reflected in trade agreement negotiations and the imposition of tariffs and other trade restrictions, including trade restrictions on Huawei Technologies Co., Ltd. (Huawei); fluctuations in foreign currency exchange rates; our ability to develop innovative products and the extent to which our products are incorporated into end-user products and systems and the extent to which end-user products and systems incorporating our products achieve commercial success; the ability and willingness of our sole or limited source suppliers to deliver certain key raw materials, including commodities, to us in a timely and cost-effective manner; intense global competition affecting both our existing products and products currently under development; business interruptions due to catastrophes or other similar events, such as natural disasters, war, terrorism or public health crises; failure to realize, or delays in the realization of anticipated benefits of acquisitions and divestitures due to, among other things, the existence of unknown liabilities or difficulty integrating acquired businesses; our ability to attract and retain management and skilled technical personnel; our ability to protect our proprietary technology from infringement by third parties and/or allegations that our technology infringes third party rights; changes in effective tax rates or tax laws and regulations in the jurisdictions in which we operate; failure to comply with financial and restrictive covenants in our credit agreement or restrictions on our operational and financial flexibility due to such covenants; the outcome of ongoing and future litigation, including our asbestos-related product liability litigation; changes in environmental laws and regulations applicable to our business; and disruptions in, or breaches of, our information technology systems. For additional information about the risks, uncertainties and other factors that may affect our business, please see our most recent annual report on Form 10-K and any subsequent reports filed with the Securities and Exchange Commission, including quarterly reports on Form 10-Q. Rogers Corporation assumes no responsibility to update any forward-looking statements contained herein except as required by law.
Media:
Amy Kweder
Director, Corporate Communications
Phone: 480.203.0058
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Investor:
Steve Haymore
Director, Investor Relations
Phone: 480.917.6026
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Regular Monthly Meeting Scheduled October 26, 2021
HOUSTON--(BUSINESS WIRE)--The Port Commission of the Port of Houston Authority will hold a Special Meeting on Tuesday, October 12, 2021, at 10:00 a.m. It is a hybrid meeting. The Commissioners, executive leadership, and legal counsel will be present in the boardroom of the Port Authority Executive Office Building, located at 111 East Loop North, Houston, TX 77029.
The meeting is open to the public to attend. However, the meeting can also be accessed virtually via WebEx webinar. The agenda and the instructions to access Port Houston public meetings are available at https://porthouston.com/leadership/public-meetings/.
Please note the following upcoming planned Port Houston public hybrid meetings: (subject to change)
October 26: |
Regular Monthly Meeting - 9:00 a.m. |
November 18: |
Budget Workshop – 9:00 a.m. |
December 7: |
Port Commission Regular meeting – 9:00 a.m. |
Sign up for public comment is available up to an hour before these Port Commission meetings by contacting Erik Eriksson at This email address is being protected from spambots. You need JavaScript enabled to view it. or Liana Christian at This email address is being protected from spambots. You need JavaScript enabled to view it..
About Port Houston
For more than 100 years, Port Houston has owned and operated the public wharves and terminals along the Houston Ship Channel – the nation’s largest port for waterborne tonnage and an essential economic engine for the Houston region, the state of Texas, and the U.S. nation. The more than 200 private and eight public terminals along the federal waterway supports the creation of nearly 1.35 million jobs in Texas and 3.2 million jobs nationwide, and economic activity totaling $339 billion in Texas – 20.6% of Texas’ total gross domestic product (GDP) – and a total of $801.9 billion in economic impact across the nation. For more information, visit the website: https://porthouston.com/
Lisa Ashley, Director, Media Relations, Port Houston
Office: 713-670-2644; Mobile: 832-247-8179; E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
LOS ANGELES--(BUSINESS WIRE)--CIM Group announced today that it has expanded its investment in Bolder Industries, a pioneer in converting end-of-life tires into sustainable carbon black and petrochemical alternatives.
CIM Group’s expanded partnership with Bolder Industries, a certified B Corporation, will support the organization’s growth and advancement of ESG initiatives on a global scale. Certified B Corporations are global businesses that have been rigorously vetted for adherence to social and environmental standards and that are committed to balancing purpose and profit.
Since its founding in 2011, Bolder Industries has been a leader in the waste-to-value sector by turning end-of-life tires into raw resources through its proprietary low-emissions process. Bolder Industries’ flagship product is BolderBlack®, a more sustainable and less expensive alternative to virgin carbon black—a petroleum product used primarily in tire, rubber, and other black plastic production. The company also produces recycled oil that it sells under the BolderOil™ name and steel known as BolderSteel™. CIM Group was an early investor with Bolder from the development of its first production facility to delivery to market of its products.
“CIM Group believes in Bolder Industries as we have seen firsthand the evolution from development of the first production line reusing what historically was deemed waste, to today as the company provides customers with valuable, sustainable products. Our additional support aids the company’s expansion of its highly regarded products and programs. Bolder Industries’ approach and products place it at the forefront of sustainable industries which aligns with CIM’s longstanding ESG commitment,” said Avi Shemesh, Co-Founder and Principal, CIM Group.
Bolder Industries products are currently used in more than 300 products including tires, automotive parts, wetsuits, phone cases, and more, and meets the needs of global brands that are committed to sustainability, greenhouse gas emission offsets, and reduced water and power use.
Bolder Industries’ expansion comes on the convergence of three global trends: increased consumer demand for sustainability; the shift of environmental responsibility from consumers to product producers; and the increase in speed to scalability.
“Our vision is to transform what it means to be a sustainable, environmentally-conscious company and we’re incredibly humbled by the support we’ve gained to do so,” said Tony Wibbeler, Bolder Industries CEO. “Bolder Industries is scaling at such a speed that enables existing customers to expand their business with us when they want to and new partners can see impact quickly.”
Since its inception in 1994, CIM has focused on real estate and infrastructure projects that serve the needs of communities throughout the Americas and is committed to investing in sustainable assets. In addition to Bolder Industries, CIM is an investor in an affiliate of MAS Energy, LLC, a privately held owner, developer, and operator of North American Renewable Natural Gas (“RNG”) production assets and biogas to power facilities.
About CIM Group
CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. Since 1994, CIM has sought to create value in projects and positively impact the lives of people in communities across the Americas by delivering more than $60 billion of essential real estate and infrastructure projects. CIM’s diverse team of experts applies its broad knowledge and disciplined approach through hands-on management of real assets from due diligence to operations through disposition. CIM strives to make a meaningful difference in the world by executing key environmental, social and governance (ESG) initiatives and enhancing each community in which it invests. For more information, visit www.cimgroup.com.
About Bolder Industries
Founded in 2011, Bolder Industries provides circular solutions for rubber, plastic and petrochemical supply chains. The company has developed and scaled a proprietary solution that recovers 98% of scrap tires by extracting high quality petroleum-based ingredients and steel, while helping customers achieve their corporate sustainability goals. Its flagship product, BolderBlack®, is a less expensive, more sustainable alternative to virgin carbon black. To learn more, visit www.bolderindustries.com.
CIM Group
Karen Diehl
Diehl Communications
310-741-9097
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SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (“Chevron”, NYSE: CVX) today announced the pricing terms of its previously announced 23 separate offers (the “Offers”) to purchase for cash up to $2.0 billion aggregate principal amount of outstanding notes of the series listed in the table below (collectively, the “Notes”). The Offers are made upon the terms and subject to the conditions set forth in the Offer to Purchase dated October 4, 2021 relating to the Notes (the “Offer to Purchase”) and the accompanying notice of guaranteed delivery (the “Notice of Guaranteed Delivery”) and, as applicable, the letter of transmittal (together with the Offer to Purchase and Notice of Guaranteed Delivery, the “Tender Offer Documents”). Capitalized terms used but not defined in this announcement have the meanings given to them in the Offer to Purchase.
Set forth in the table below is the applicable Total Consideration (as defined in the Offer to Purchase) for each series of Notes, as calculated at 2:00 p.m. (Eastern time) today, October 8, 2021, in accordance with the Offer to Purchase.
Acceptance
|
Title of Security |
Issuer |
CUSIP/ISIN |
Par Call Date(2) |
Maturity Date |
Principal
|
Reference
|
Reference
|
Fixed
|
Total
|
||||||||||
1 |
7.250% Senior Debentures Due 2097 |
Noble Energy, Inc. |
655044AS4/ US655044AS49 |
NA |
August 1, 2097 |
$84 |
2.375% due 5/15/2051 |
2.151% |
170 |
$1,833.56 |
||||||||||
2 |
5.250% Notes due 2043 |
Chevron U.S.A. Inc. |
166756AU0/ US166756AU09 |
May 15, 2043 |
November 15, 2043 |
$996 |
1.750% due 08/15/2041 |
2.105% |
82 |
$1,370.22 |
||||||||||
3 |
5.250% Notes due 2043 |
Noble Energy, Inc. |
655044AG0/ US655044AG01 |
May 15, 2043 |
November 15, 2043 |
$4 |
1.750% due 08/15/2041 |
2.105% |
82 |
$1,370.22 |
||||||||||
4 |
6.000% Notes due 2041 |
Chevron U.S.A. Inc. |
166756AT3 /US166756AT36 |
September 1, 2040 |
March 1, 2041 |
$839 |
1.750% due 08/15/2041 |
2.105% |
67 |
$1,471.53 |
||||||||||
5 |
6.000% Notes due 2041 |
Noble Energy, Inc. |
655044AE5 /US655044AE52 |
September 1, 2040 |
March 1, 2041 |
$11 |
1.750% due 08/15/2041 |
2.105% |
67 |
$1,471.53 |
||||||||||
6 |
5.050% Notes due 2044 |
Chevron U.S.A. Inc. |
166756AV8 /US166756AV81 |
May 15, 2044 |
November 15, 2044 |
$845 |
1.750% due 08/15/2041 |
2.105% |
85 |
$1,343.50 |
||||||||||
7 |
5.050% Notes due 2044 |
Noble Energy, Inc. |
655044AJ4 /US655044AJ40 |
May 15, 2044 |
November 15, 2044 |
$5 |
1.750% due 08/15/2041 |
2.105% |
85 |
$1,343.50 |
||||||||||
8 |
4.950% Notes due 2047 |
Chevron U.S.A. Inc. |
166756AW6 /US166756AW64 |
February 15, 2047 |
August 15, 2047 |
$495 |
2.375% due 5/15/2051 |
2.151% |
75 |
$1,365.85 |
||||||||||
9 |
4.950% Notes due 2047 |
Noble Energy, Inc. |
655044AN5 /US655044AN51 |
February 15, 2047 |
August 15, 2047 |
$5 |
2.375% due 5/15/2051 |
2.151% |
75 |
$1,365.85 |
||||||||||
10 |
7.840% Medium-Term Notes, Series 1992 due 2033 |
Texaco Capital Inc. |
88168LCV6 /US88168LCV62 |
NA |
February 15, 2033 |
$10 |
1.250% due 8/15/2031 |
1.598% |
93 |
$1,521.00 |
||||||||||
11 |
8.000% Debentures due 2032 |
Texaco Capital Inc. |
881685BB6 /US881685BB68 |
NA |
August 1, 2032 |
$75 |
1.250% due 8/15/2031 |
1.598% |
90 |
$1,518.05 |
||||||||||
12 |
2.978% Notes Due 2040 |
Chevron Corporation |
166764BZ2 /US166764BZ29 |
November 11, 2039 |
May 11, 2040 |
$500 |
1.750% due 08/15/2041 |
2.105% |
60 |
$1,038.82 |
||||||||||
13 |
8.625% Debentures due 2032 |
Texaco Capital Inc. |
881685AY7 /US881685AY70 |
NA |
April 1, 2032 |
$147 |
1.250% due 8/15/2031 |
1.598% |
90 |
$1,561.36 |
||||||||||
14 |
8.625% Debentures due 2031 |
Texaco Capital Inc. |
881685AX9 /US881685AX97 |
NA |
November 15, 2031 |
$108 |
1.250% due 8/15/2031 |
1.598% |
85 |
$1,549.33 |
||||||||||
15 |
4.200% Notes due 2049 |
Chevron U.S.A. Inc. |
166756AX4 /US166756AX48 |
April 15, 2049 |
October 15, 2049 |
$474 |
2.375% due 5/15/2051 |
2.151% |
75 |
$1,245.02 |
||||||||||
16 |
4.200% Notes due 2049 |
Noble Energy, Inc. |
655044AR6 /US655044AR65 |
April 15, 2049 |
October 15, 2049 |
$26 |
2.375% due 5/15/2051 |
2.151% |
75 |
$1,245.02 |
||||||||||
17 |
7.250% Notes due 2023 |
Chevron U.S.A. Inc. |
166756AM8 /US166756AM82 |
NA |
October 15, 2023 |
$90 |
0.250% due 09/30/2023 |
0.320% |
18 |
$1,134.72 |
||||||||||
18 |
7.250% Notes due 2023 |
Noble Energy, Inc. |
654894AE4 /US654894AE49 |
NA |
October 15, 2023 |
$10 |
0.250% due 09/30/2023 |
0.320% |
18 |
$1,134.72 |
||||||||||
19 |
3.191% Notes Due 2023 |
Chevron Corporation |
166764AH3 /US166764AH30 |
March 24, 2023 |
June 24, 2023 |
$2,250 |
0.250% due 09/30/2023 |
0.320% |
-2 |
$1,041.80 |
||||||||||
20 |
2.566% Notes Due 2023 |
Chevron Corporation |
166764BK5 /US166764BK59 |
March 16, 2023 |
May 16, 2023 |
$750 |
0.250% due 09/30/2023 |
0.320% |
-2 |
$1,032.26 |
||||||||||
21 |
3.900% Notes due 2024 |
Chevron U.S.A. Inc. |
166756AP1 /US166756AP14 |
August 15, 2024 |
November 15, 2024 |
$625 |
0.375% due 09/15/2024 |
0.577% |
5 |
$1,092.04 |
||||||||||
22 |
3.900% Notes due 2024 |
Noble Energy, Inc. |
655044AH8 /US655044AH83 |
August 15, 2024 |
November 15, 2024 |
$25 |
0.375% due 09/15/2024 |
0.577% |
5 |
$1,092.04 |
||||||||||
23 |
2.895% Notes Due 2024 |
Chevron Corporation |
166764BT6 /US166764BT68 |
January 3, 2024 |
March 3, 2024 |
$1,000 |
0.375% due 09/15/2024 |
0.577% |
-8 |
$1,053.00 |
(1) |
Subject to the satisfaction or waiver of the conditions of the Offers described in the Offer to Purchase, if the Maximum Purchase Condition (as defined below) is not satisfied with respect to every series of Notes, Chevron will accept Notes for purchase in the order of their respective Acceptance Priority Level specified in the table above (with 1 being the highest Acceptance Priority Level and 23 being the lowest Acceptance Priority Level). It is possible that a series of Notes with a particular Acceptance Priority Level will not be accepted for purchase even if one or more series with a higher or lower Acceptance Priority Level are accepted for purchase. |
|
(2) |
For each series of Notes in respect of which a par call date is indicated, the calculation of the applicable Total Consideration has been performed taking into account such par call date. |
|
(3) |
The Total Consideration for each series of Notes (such consideration, the “Total Consideration”) payable per each $1,000 principal amount of such series of Notes validly tendered for purchase has been based on the fixed spread specified in the table above (the “Fixed Spread”) for such series of Notes, plus the yield of the specified Reference U.S. Treasury Security for that series as quoted on the Bloomberg reference page “FIT1” as of 2:00 p.m. (Eastern time) on October 8, 2021. See “Description of the Offers—Determination of the Total Consideration.” The Total Consideration does not include the applicable Accrued Coupon Payment as defined below), which will be payable in cash in addition to the applicable Total Consideration. |
The Offers will each expire at 5:00 p.m. (Eastern time) on October 8, 2021, unless extended or earlier terminated (such date and time with respect to an Offer, as the same may be extended with respect to such Offer, the “Expiration Date”). Notes may be validly withdrawn at any time at or prior to 5:00 p.m. (Eastern time) on the Expiration Date, unless extended, but not thereafter, unless extended by Chevron.
For Holders who deliver a Notice of Guaranteed Delivery and all other required documentation at or prior to the Expiration Date, upon the terms and subject to the conditions set forth in the Tender Offer Documents, the deadline to validly tender Notes using the Guaranteed Delivery Procedures will be the second business day after the Expiration Date and is expected to be 5:00 p.m. (Eastern time) on October 13, 2021 (the “Guaranteed Delivery Date”).
The Initial Settlement Date will be the first business day after the Expiration Date and is expected to be October 12, 2021. The Guaranteed Delivery Settlement Date will be the first business day after the Guaranteed Delivery Date and is expected to be October 14, 2021. Each of the Initial Settlement Date and the Guaranteed Delivery Settlement Date is herein referred to as a “Settlement Date.”
Upon the terms and subject to the conditions set forth in the Offer to Purchase, Holders whose Notes are accepted for purchase in the Offers will receive the applicable Total Consideration for each $1,000 principal amount of such Notes in cash on the applicable Settlement Date.
In addition to the applicable Total Consideration, Holders whose Notes are accepted for purchase will receive a cash payment equal to the accrued and unpaid interest on such Notes from and including the immediately preceding interest payment date for such Notes to, but excluding, the Initial Settlement Date (the “Accrued Coupon Payment”). Interest will cease to accrue on the Initial Settlement Date for all Notes accepted in the Offers and Holders whose Notes are tendered pursuant to the Guaranteed Delivery Procedures and are accepted for purchase will not receive payment of any interest for the period from and including the Initial Settlement Date.
GENERAL
This announcement is for informational purposes only. This announcement is not an offer to purchase or a solicitation of an offer to sell any Notes or any other securities of the Company or any of its subsidiaries. The Offers are being made solely pursuant to the Offer to Purchase. The Offers are not being made to Holders of Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. In any jurisdiction in which the securities laws or blue sky laws require the Offers to be made by a licensed broker or dealer, the Offers will be deemed to have been made on behalf of the Company by the Dealer Managers or one or more registered brokers or dealers that are licensed under the laws of such jurisdiction.
No action has been or will be taken in any jurisdiction that would permit the possession, circulation or distribution of either this announcement, the Offer to Purchase or any material relating to us or the Notes in any jurisdiction where action for that purpose is required. Accordingly, neither this announcement, the Offer to Purchase nor any other offering material or advertisements in connection with the Offers may be distributed or published, in or from any such country or jurisdiction, except in compliance with any applicable rules or regulations of any such country or jurisdiction.
Chevron is one of the world’s leading integrated energy companies. We believe affordable, reliable and ever-cleaner energy is essential to achieving a more prosperous and sustainable world. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry. To advance a lower carbon future, we are focused on lowering the carbon intensity in our operations and growing our lower carbon businesses. More information about Chevron is available at www.chevron.com.
CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION
This news release contains forward-looking statements that are based on management's current expectations, estimates and projections. Words or phrases such as “anticipates,” “expects,” “intends,” “plans,” “targets,” “advances,” “commits,” “drives,” “aims,” “forecasts,” “projects,” “believes,” “approaches,” “seeks,” “schedules,” “estimates,” “positions,” “pursues,” “may,” “can,” “could,” “should,” “will,” “budgets,” “outlook,” “trends,” “guidance,” “focus,” “on track,” “goals,” “objectives,” “strategies,” “opportunities,” “poised,” “potential,” “ambitions,” “aspires” and similar expressions are intended to identify such forward-looking statements. Actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. The reader should not place undue reliance on these forward-looking statements, which speak only as of the date of this news release. Unless legally required, Chevron undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
Among the important factors that could cause actual results and future prospects or that could cause events or circumstances to differ materially from those in the forward-looking statements are: changing crude oil and natural gas prices and demand for our products, and production curtailments due to market conditions; crude oil production quotas or other actions that might be imposed by the Organization of Petroleum Exporting Countries (OPEC) and other producing countries; public health crises, such as pandemics) and epidemics, and any related government policies and actions; changing economic, regulatory and political environments in the various countries in which we operate; general domestic and international economic and political conditions; changing refining, marketing and chemicals margins; our ability to realize anticipated cost savings, expenditure reductions and efficiencies associated with enterprise transformation initiatives; actions of competitors or regulators; timing of exploration expenses; timing of crude oil liftings; the competitiveness of alternate-energy sources or product substitutes; technological developments; the results of operations and financial condition of our suppliers, vendors, partners and equity affiliates; the inability or failure of our joint-venture partners to fund their share of operations and development activities; the potential failure to achieve expected net production from existing and future crude oil and natural gas development projects; potential delays in the development, construction or start-up of planned projects; the potential disruption or interruption of our operations due to war, accidents, political events, civil unrest, severe weather, cyber threats, terrorist acts, or other natural or human causes beyond our control; the potential liability for remedial actions or assessments under existing or future environmental regulations and litigation; significant operational, investment or product changes undertaken or required by existing or future environmental statutes and regulations, including international agreements and national or regional legislation and regulatory measures to limit or reduce greenhouse gas emissions; the potential liability resulting from pending or future litigation; our future acquisitions or dispositions of assets or shares or the delay or failure of such transactions to close based on required closing conditions; the potential for gains and losses from asset dispositions or impairments; government mandated sales, divestitures, recapitalizations, taxes and tax audits, tariffs, sanctions, changes in fiscal terms or restrictions on scope of company operations; foreign currency movements compared with the U.S. dollar; material reductions in corporate liquidity and access to debt markets; the receipt of required Board authorizations to pay future dividends; the effects of changed accounting rules under generally accepted accounting principles promulgated by rule-setting bodies; our ability to identify and mitigate the risks and hazards inherent in operating in the global energy industry; and the factors set forth under the heading “Risk Factors” on pages 18 through 23 of the company’s 2020 Annual Report on Form 10-K and in subsequent filings with the U.S. Securities and Exchange Commission.
Sean Comey -- +1-925-842-5509
HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) ("Valaris" or the "Company") will hold its third quarter 2021 earnings conference call at 9:00 a.m. CDT (10:00 a.m. EDT and 2:00 p.m. London) on Tuesday, November 2, 2021. The earnings release will be issued before the New York Stock Exchange opens that morning.
The conference call will be webcast live at www.valaris.com. Alternatively, callers may dial +1-855-239-3215 within the United States or +1-412-542-4130 from outside the U.S. It is recommended that participants call 10 minutes prior to the scheduled start time.
A webcast replay and transcript of the call will be available on the Company’s website. A replay will also be available through December 2, 2021, by dialing +1-877-344-7529 within the United States or +1-412-317-0088 from outside the U.S. (conference ID 10161034).
Valaris uses its website to disclose material and non-material information to investors, customers, employees and others interested in the Company. To receive regular updates on Valaris news or SEC filings, please sign-up for Email Alerts on the Company’s website.
About Valaris Limited
Valaris Limited (NYSE: VAL) is the industry leader in offshore drilling services across all water depths and geographies. Operating a high-quality rig fleet of ultra-deepwater drillships, versatile semisubmersibles and modern shallow-water jackups, Valaris has experience operating in nearly every major offshore basin. Valaris maintains an unwavering commitment to safety, operational excellence, and customer satisfaction, with a focus on technology and innovation. Valaris Limited is a Bermuda exempted company (Bermuda No. 56245). To learn more, visit our website at www.valaris.com.
Investor & Media Contact:
Tim Richardson
Director – Investor Relations
+1-713-979-4619
Chairman credits the Port’s People and Partners for Historic Success
HOUSTON--(BUSINESS WIRE)--On Thursday, Port Houston Chairman Ric Campo delivered the 2021 State of the Port address to a sold-out audience, which observed COVID-19 protocols at the Greater Houston Partnership's first in-person event since the start of the pandemic.
"The state of the Port is amazing," Chairman Campo declared. His address emphasized the extraordinary efforts of people and partnerships working together through extraordinary times.
"Lead, follow, or get out of the way – that's how Houston gets it done," said the Chairman, as he echoed others' sentiments regarding the remarkable acceleration of the billion-dollar expansion and widening of the Houston Ship Channel.
"This is the fastest a project of this magnitude has ever moved in America, and it's because of the people and partners who are getting it done, by working and doing the heavy lifting together," he said of the waterway expansion and deepening effort called Project 11.
Ranked as the #1 busiest port in the nation and known as the "Energy Capital of the World," the Port of Houston's success can be attributed to a diversity of cargoes and balance of imports and exports, Chairman Campo said.
“Ultimately, however, people make the difference in the success of the Port of Houston,” he said as he saluted the continued commitment of the Port's people, partners, and channel users.
In his remarks, he spoke of the remarkable spirit of collaboration and cooperation, people working together on the frontlines and behind the scenes under extraordinary circumstances to ensure the continued successful delivery of cargo, product, and supplies, and of helping to sustain a vital source of economic activity and jobs for the region, state of Texas, and the nation.
However, Chairman Campo acknowledged that Port Houston public facilities are not immune to pandemic-induced strains on the global supply chain, but Port Houston staff and partners continue to work to keep freight moving to handle the historic surge in import container cargo.
Looking to the future and Port Houston's commitment to reinvestment, Chairman Campo further highlighted the progress of the channel expansion and deepening program, adding that he looks forward to Port Commission consideration next week of the first Project 11 dredging contract. He shared that Port Houston fully expects the winning proposal to balance environmental, economic, and social issues in the best way for the entire community.
The Chairman also spotlighted Port Houston's 100% renewable asset-backed electricity program, the first such program by a seaport in the United States. Efforts like this and others have resulted in a transformative 55% reduction in the carbon emissions footprint of Port Houston's public terminals.
Chairman Campo proudly underscored the Port Commission's adoption of a Diversity, Equity, Inclusion (DEI) Statement and Business Equity Program, expanding on Port Houston's successful Small Business Development Program to target minority and women-owned business enterprises participating in procurement and contracting processes. "Building capacity is also about diversity," he said. "If we do well, our community should do well too."
Chairman Campo's profound message stressed Port Houston's responsibility for creating a long-term legacy of economic impact, by creating jobs and investing in infrastructure to ensure competitive opportunities for the region and state of Texas and the nation.
"Ultimately, it's about taking care of people working every day, making sure they have the support and resources to feed their families," Chairman Campo said.
About Port Houston
For more than 100 years, Port Houston has owned and operated the public wharves and terminals along the Houston Ship Channel, including the area’s largest breakbulk facility and two of the most efficient and fastest-growing container terminals in the country. Port Houston is the advocate and a strategic leader for the Channel. The Houston Ship Channel complex and its more than 200 public and private terminals, collectively known as the Port of Houston, is the nation’s largest port for waterborne tonnage and an essential economic engine for the Houston region, the state of Texas, and the U.S. The Port of Houston supports the creation of nearly 1.35 million jobs in Texas and 3.2 million jobs nationwide, and economic activity totaling $339 billion in Texas – 20.6 percent of Texas’ total gross domestic product (GDP) – and $801.9 billion in economic impact across the nation. For more information, visit the website at www.PortHouston.com.
Lisa Ashley, Director, Media Relations
Office: 713-670-2644; Mobile: 832-247-8179
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Creates Market Leading Global Specialty Materials Platform Focused On Innovative Battery Materials, Filtration Solutions, and Energy Saving Technologies
TONAWANDA, N.Y & MANCHESTER, Conn.--(BUSINESS WIRE)--Unifrax, a leading global provider of high-performance specialty materials focused on thermal management, specialty filtration, battery materials, emission control and fire protection applications backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”), today announced the completion of its previously announced acquisition of Lydall, Inc. (NYSE: LDL, “Lydall” or the “Company”), a leader in the design and production of specialty filtration materials and advanced material solutions. The combined company will be led by John Dandolph as President and Chief Executive Officer.
“The transition to a Greener, Cleaner, and Safer® world is the challenge of our lifetime,” said Mr. Dandolph. “The Unifrax-Lydall combination creates a one-of-a-kind specialty materials platform capable of driving transformative impact in the spaces we all care about, areas including fossil fuel reduction, improved energy storage, and cleaner air. With our expanded portfolio and nearly doubled global footprint, we are poised to deliver even more cutting-edge, market-leading products and innovation to customers around the world. We’re just getting started, and we’re excited about the opportunities ahead.”
“We’re proud to support a company that is dedicated to developing solutions for a cleaner, more sustainable society,” said José E. Feliciano, Co-Founder and Managing Partner at Clearlake, and Colin Leonard, Partner at Clearlake, in a joint statement. “The addition of Lydall’s people, technologies, and assets to the Unifrax portfolio creates a true market leader. With the support of Clearlake’s O.P.S.® framework, we are confident that Unifrax will continue to grow strategically both organically and through acquisitions, while shaping the future of the industry.”
About Unifrax
Unifrax is a leading global supplier of high-performance specialty materials used in thermal management, specialty filtration, battery materials, emission control and fire protection applications. Headquartered in Tonawanda, NY, Unifrax serves more than 4,000 customers through a global footprint of 31 plants operating across 12 countries. Unifrax’s portfolio of products, technologies, proprietary chemistries and processes have been developed from more than 70 years of deep application knowledge and innovation. Its products address mission critical energy efficiency, emission control, regulatory and fire safety requirements across the globe. More information is available at www.unifrax.com.
About Clearlake
Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. With a sector-focused approach, the firm seeks to partner with experienced management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlake’s operational improvement approach, O.P.S.® The firm’s core target sectors are industrials, technology, and consumer. Clearlake currently has over $43 billion of assets under management and its senior investment principals have led or co-led over 300 investments. The firm has offices in Santa Monica and Dallas. More information is available at www.clearlake.com and on Twitter @ClearlakeCap.
Media:
For Unifrax-Lydall
Kristen Weiss
Ph: +1 860-646-1233
This email address is being protected from spambots. You need JavaScript enabled to view it.
For Unifrax-Lydall
Deborah Myers
Ph: +1 716-768-6465
This email address is being protected from spambots. You need JavaScript enabled to view it.
For Clearlake
Jennifer Hurson
Lambert & Co.
Ph: +1 845-507-0571
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HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE: TDW) (the “Company”) today announced that it intends to commence an offering of USD denominated 5-year senior secured bonds, subject to market and other conditions. The Company intends to use the net proceeds from the bond issue towards refinancing of the Company’s outstanding debt and for general corporate purposes.
The bonds will be privately placed in the United States in accordance with U.S. securities laws and sold outside the United States pursuant to Regulation S under the Securities Act of 1933.
The bonds have not been registered under the Securities Act of 1933 or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act of 1933 and applicable state laws.
This press release shall not constitute an offer to sell or a solicitation of an offer to purchase the bonds or any other securities, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act of 1933.
About Tidewater
Tidewater owns and operates one of the largest fleets of offshore support vessels in the industry, with more than 65 years of experience supporting offshore energy exploration, production, generation and offshore wind activities worldwide.
Forward-Looking Statements
In accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Tidewater notes that certain statements set forth in this press release contain certain forward-looking statements which reflect our current view with respect to future events and future financial performance. Forward-looking statements are all statements other than statements of historical fact. All such forward-looking statements are subject to risks and uncertainties, many of which are beyond the control of the Company, and our future results of operations could differ materially from our historical results or current expectations reflected by such forward-looking statements. Investors should carefully consider the risk factors described in detail in the Company’s most recent Form 10-K, most recent Form 10-Q, and in similar sections of other filings made by the Company with the Securities and Exchange Commission (“SEC”) from time to time. The Company’s filings can be obtained free of charge on the SEC’s website at www.sec.gov. Except to the extent required by law, the Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained in this press release to reflect any change in the Company’s expectations or any change in events, conditions or circumstances on which any statement is based. Forward-looking statements and written and oral forward-looking statements attributable to the Company or its representatives after the date of this release are qualified in their entirety by the cautionary statements contained in this paragraph and in other reports filed by the Company with the SEC.
Tidewater Inc.
West Gotcher
Vice President,
Finance and Investor Relations
+1.713.470.5285
Proceeds to Be Used to Improve Debt Metrics and Financial Flexibility, While Continuing to Self-fund Spending, in 2021 and Beyond
SAN ANTONIO--(BUSINESS WIRE)--NuStar Energy L.P. (NYSE: NS) announced today that it has closed on the sale of its Eastern U.S. Terminals to Sunoco LP for $250 million. The Eastern U.S. Terminals are comprised of eight terminal locations: Andrews AFB in Washington, D.C.; Baltimore, MD; Blue Island, IL; Jacksonville, FL; Linden, NJ; Paulsboro, NJ; Piney Point, MD; and Virginia Beach, VA. The companies first announced this sale on August 2, 2021.
“This divestiture will allow us to deploy the proceeds to further improve our debt metrics, and we continue to expect to self-fund our spending from our internally generated cash flows, in 2021 and beyond,” said Brad Barron, president and CEO of NuStar.
“With regard to 2021 capital spending estimates, we expect to now spend $140 to $160 million on strategic capital, all of which will be funded by internally generated cash flows. In addition, we expect to spend $35 to $45 million on reliability capital for the year.”
“While these terminals are solid assets with great operations and employees, these facilities are no longer synergistic with NuStar’s core assets,” Barron added. “Sunoco LP has assets in NY Harbor and in the Southeast U.S. that should provide key synergistic opportunities to build on the success of these facilities.
"We are happy to pass the reins for the Eastern U.S. Terminals to Sunoco LP, a company with industry experience and operational synergies that will benefit the facilities, as well as the employees, now and in the future.”
Barclays served as exclusive financial adviser to NuStar on the transaction.
Cautionary Statement Regarding Forward-Looking Statements
This press release includes forward-looking statements regarding future events and expectations, including the expected use of proceeds from and the other anticipated benefits from the above-described sale. All forward-looking statements are based on NuStar’s beliefs as well as assumptions made by and information currently available to NuStar. These statements reflect NuStar’s current views with respect to future events and expectations and are subject to various risks, uncertainties and assumptions. These risks, uncertainties and assumptions are discussed in NuStar Energy L.P.’s 2020 annual report on Form 10-K and subsequent filings with the Securities and Exchange Commission. Actual results may differ materially from those described in the forward-looking statements. Except as required by law, NuStar does not intend, or undertake any obligation, to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.
About NuStar Energy L.P.
NuStar Energy L.P., a publicly traded master limited partnership based in San Antonio, is one of the largest independent liquids terminal and pipeline operators in the nation. NuStar currently has approximately 10,000 miles of pipeline and 64 terminal and storage facilities that store and distribute crude oil, refined products, renewable fuels, ammonia and specialty liquids. The partnership’s combined system has approximately 57 million barrels of storage capacity, and NuStar has operations in the United States, Canada and Mexico. For more information, visit NuStar Energy L.P.'s website at www.nustarenergy.com and its Sustainability page at www.nustarenergy.com/sustainability.
About Sunoco LP
Sunoco LP is a master limited partnership with core operations that include the distribution of motor fuel to approximately 10,000 convenience stores, independent dealers, commercial customers and distributors located in more than 30 states as well as refined product transportation and terminalling assets. Sunoco's general partner is owned by Energy Transfer LP.
Investors, Pam Schmidt, Vice President, Investor Relations
Investor Relations: 210-918-INVR (4687)
or
Media, Mary Rose Brown, Executive Vice President and Chief Administrative Officer,
Corporate Communications: 210-918-2314 / 210-410-8926
DUBLIN--(BUSINESS WIRE)--The "Wind Turbine Maintenance, Repair and Overhaul (MRO) Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The global wind turbine maintenance, repair and overhaul (MRO) market is expected to reach value USD 200.81 billion in 2026, from USD 81.80 billion in 2020, registering growth at a CAGR of 15.86% during the forecast period 2020-2025.
Companies Mentioned
Key Market Trends
Rising Deployment of Deep Water Offshore Wind Turbine Is Expected To Drive The Market
Asia-Pacific to Grow at the Fastest Rate
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET OVERVIEW
4.1 Introduction
4.2 Global Renewable Energy Mix, 2018
4.3 Wind Power Installed Capacity and Forecast in GW, till 2026
4.4 Market Size and Demand Forecast in USD billion, till 2026
4.5 Global Average Size of Wind Turbine in MW, 2018-2026
4.6 Recent Trends and Developments
4.7 Government Policies and Regulations
4.8 Market Dynamics
4.8.1 Drivers
4.8.2 Restraints
4.9 Supply Chain Analysis
4.10 Porter's Five Forces Analysis
5 MARKET SEGMENTATION
5.1 Location of Deployment
5.2 Service Type
5.3 Component
5.4 Geography
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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Transaction Broadens Clean Harbors Industrial Services Capabilities While Creating Significant Cross-Selling and Margin Improvement Opportunities
NORWELL, Mass.--(BUSINESS WIRE)--Clean Harbors, Inc. (“Clean Harbors”) (NYSE: CLH) today announced the completion of its acquisition of HydroChemPSC (“HPC”), a leading U.S. provider of industrial cleaning, specialty maintenance and utilities services. Clean Harbors purchased HPC from an affiliate of Littlejohn & Co., LLC, for $1.25 billion in an all-cash transaction. The acquisition was financed through a combination of existing cash and proceeds from Clean Harbors’ new 2021 Incremental Term Loan financing that was completed in conjunction with the transaction. The 2021 Incremental Term Loans were issued in the aggregate principal amount of $1.0 billion at a rate of Libor +200 basis points and will become due in 2028.
With more than 5,000 employees and 240 service locations throughout the country, HPC serves a broad range of end markets including refining, chemical and utilities. For 2021, as a standalone company, HPC estimated that it would generate revenues of approximately $744 million and Adjusted EBITDA of approximately $115 million. Clean Harbors expects to achieve cost synergies of $40 million from the acquisition after the first full year of operations, through eliminating redundant corporate expenses and capturing efficiencies in customer service, transportation, branch network, asset rentals, vehicle and tank refurbishment, subcontracting and procurement.
“HPC is an established leader in Industrial Services, with proprietary technology and a dedicated manufacturing center to fabricate its own tools. The addition of HPC’s experienced team, considerable assets and customer base create significant strategic benefits to Clean Harbors beyond just expanding the size and scale of our operations,” said Alan S. McKim, Chairman, President and Chief Executive Officer of Clean Harbors. “We expect HPC’s automation and hands-free technology capabilities to drive improvements in safety, and the acquisition to create multiple cross-selling opportunities that will drive incremental waste into our network. We welcome HPC’s talented team of employees to Clean Harbors and look forward to a smooth integration. We remain confident that this transaction will greatly enhance shareholder value in the years ahead and will support our growth momentum in 2022 and beyond.”
About Clean Harbors
Clean Harbors (NYSE: CLH) is North America’s leading provider of environmental and industrial services. The Company serves a diverse customer base, including a majority of Fortune 500 companies. Its customer base spans a number of industries, including chemical, energy and manufacturing, as well as numerous government agencies. These customers rely on Clean Harbors to deliver a broad range of services such as end-to-end hazardous waste management, emergency spill response, industrial cleaning and maintenance, and recycling services. Through its Safety-Kleen subsidiary, Clean Harbors also is North America’s largest re-refiner and recycler of used oil and a leading provider of parts washers and environmental services to commercial, industrial and automotive customers. Founded in 1980 and based in Massachusetts, Clean Harbors operates in the United States, Canada, Mexico, Puerto Rico and India. For more information, visit www.cleanharbors.com.
Safe Harbor Statement
Any statements contained herein that are not historical facts, including information related to the acquisition of HydroChemPSC are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are generally identifiable by use of the words “believes,” “expects,” “intends,” “anticipates,” “plans to,” “seeks,” “should,” “estimates,” “projects,” “may,” “likely,” or similar expressions. Such statements may include, but are not limited to, statements about future financial and operating results, and other statements that are not historical facts. Such statements are based upon the beliefs and expectations of Clean Harbors’ management as of this date only and are subject to certain risks and uncertainties that could cause actual results to differ materially, including, without limitation, the risks and uncertainties surrounding the Clean Harbors and HydroChemPSC transaction, and those items identified as “Risk Factors” in Clean Harbors’ most recently filed Form 10-K and Form 10-Q. Forward-looking statements are neither historical facts nor assurances of future performance. Therefore, readers are cautioned not to place undue reliance on these forward-looking statements. Clean Harbors undertakes no obligation to revise or publicly release the results of any revision to these forward-looking statements other than through its filings with the Securities and Exchange Commission, which may be viewed in the “Investors” section of Clean Harbors’ website at www.cleanharbors.com.
Michael L. Battles
EVP and Chief Financial Officer
Clean Harbors, Inc.
781.792.5100
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SVP Investor Relations
Clean Harbors, Inc.
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The fifth annual event—to be held October 20-22, 2021—will gather energy leaders in New Delhi and virtually to propel important dialogue on India’s new energy future
NEW DELHI--(BUSINESS WIRE)--The dramatic turnaround in global energy markets—exemplified by acute energy crises in China and Europe; international gas and coal shortages; and renewed volatility in global oil markets—and India’s energy transition, policy choices and its new hydrogen focus, will be among the key topics for energy ministers, senior industry executives and leading national and international energy experts speaking at the India Energy Forum by CERAWeek, to be held in New Delhi, as well as virtually, October 20-22.
Now in its fifth year, India Energy Forum by CERAWeek is hosted by IHS Markit (NYSE: INFO), a world leader in critical information, analytics and solutions. The event will convene an international group of more than 100 speakers across more than 50 sessions, as well as a community of thousands of delegates from India and regional energy companies, energy-related industries, institutions and governments.
Featured speakers include:
“We are honored to host the fifth India Energy Forum by CERAWeek”, said Daniel Yergin, IHS Markit vice chairman and author of The New Map. “We are pleased to be hosting this important event under the patronage of Minister Puri and the Indian Ministry of Petroleum and Natural Gas. India's energy transition has multiple dimensions, and its energy sector is undergoing a transformation with relentless focus on outcomes. This year’s conference comes at a most turbulent and consequential time for energy markets and the global economy, and will expand the important discussion on the opportunities, challenges and strategies in both India and the rapidly-evolving energy world.”
Key topics to be explored include:
“The fifth India Energy Forum by CERAWeek, taking place just ten days before the start of the COP 26 in Glasgow, will provide a timely window into the thinking of political and industry leaders on India’s energy and climate goals as the country recovers from the pandemic,” said Atul Arya, chief energy strategist, IHS Markit and architect of the conference program. “Forum participants will discuss a wide spectrum of topics including growing domestic oil and gas production; fulfilling the green hydrogen mission of Prime Minister Modi; growing biofuels supply and making the economy more resilient to commodity price shocks. India’s leadership and engagement will be critical for transforming the global map of energy.”
Visit https://indiaenergy.ceraweek.com for a complete list of speakers and the most up-to-date program information. Session times, topics and speakers are subject to change.
Virtual registration for members of the news media:
Members of the news media are invited to cover India Energy Forum by CERAWeek remotely/virtually.
All members of the media are required to apply for accreditation. Registrations are not transferrable.
Applications for media credentials can be submitted at the following link: https://bit.ly/3afOpHB
For media inquiries related to the India Energy Forum by CERAWeek, contact Jeff Marn, This email address is being protected from spambots. You need JavaScript enabled to view it..
Editors Note:
Background information about IHS Markit in India:
IHS Markit started its first center in India in 2005, and currently has more than 4,500 employees across Delhi’s National Capital Region, Bengaluru, Hyderabad and Mumbai. India represents the firm’s largest employee base outside of the United States and the United Kingdom.
IHS Markit works closely with governments and organizations in the Indian subcontinent across core sectors of energy and natural resources; automotive; financial markets, maritime & trade; and engineering & product design.
About IHS Markit (www.ihsmarkit.com)
IHS Markit (NYSE: INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 business and government customers, including 80 percent of the Fortune Global 500 and the world’s leading financial institutions. Headquartered in London, IHS Markit is committed to sustainable, profitable growth.
IHS Markit is a registered trademark of IHS Markit Ltd. and/or its affiliates. All other company and product names may be trademarks of their respective owners © 2021 IHS Markit Ltd. All rights reserved.
News Media:
Jeff Marn
IHS Markit
+1 202 463 8213
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Press Team
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Formerly known as Schneider Electric Motion, Novanta IMS will open new markets and create synergies for its new parent company
BEDFORD, Mass.--(BUSINESS WIRE)--After officially acquiring Schneider Electric Motion, Novanta is renaming the company Novanta IMS as it creates new synergies and opportunities for its new corporate owner.
The new company is an ideal fit for Novanta, a trusted technology partner to medical and advanced technology equipment manufacturers. As a manufacturer of motion control components for automation equipment, Novanta IMS is a leader in creating innovative solutions in brushless motor technology, integrated motor drives and electronic controls.
“Novanta IMS is an excellent strategic acquisition because it helps us expand into automatic and robotic applications through advanced motion control solutions,” said Matthijs Glastra, Chief Executive Officer and Chairperson of Novanta. “It’s also increasing opportunities for us in Life Sciences and Medical end markets and broadening our access to sophisticated automation integrators.
“Novanta IMS enhances our capabilities in these rapidly evolving markets, providing even more ways for us to serve our customers with unique, innovative, high-performance solutions,” Glastra added.
Novanta officially acquired Schneider Electric Motion for $115 million in cash in August and then decided to rename the company. The new name reflects the company’s past as well as its future as an important part of Novanta.
Started 35 years ago as Intelligent Motion Systems (IMS), the business develops key solutions for applications demanding highly precise, controlled movement in areas including medical instruments, lab automation, robotics and other advanced manufacturing applications. It has about 60 employees and is headquartered in Marlborough, Conn.
“We have been committed to developing innovative motion control solutions since we were founded in 1986 as Intelligent Motion Systems, so our new name Novanta IMS is a nod to our roots,” said Eric Klein, General Manager at Novanta IMS. “We are looking forward to maintaining the same level of consistent support and high-quality products under our new ownership as we have for nearly 40 years.”
Novanta IMS will work closely with Celera Motion, a market-leading provider of motion control components and subsystems for OEMs serving a variety of medical and advanced industrial markets.
Together, they plan to expand into new applications and markets, creating new synergies between teams, leveraging their best marketing strategies and increasing their customer bases and distribution networks.
“We are excited to collaborate with the incredibly talented team at Novanta IMS,” said Kalpana Singh, President & General Manager of Celera Motion. “The team’s extensive expertise and experience are major assets in helping us broaden our reach into new markets.”
About Novanta IMS
Novanta IMS [formerly IMS] is a division of Novanta, a leading global supplier of core technology solutions that give medical and advanced industrial original equipment manufacturers (“OEMs”) a competitive advantage. www.novantaims.com
About Celera Motion
Celera Motion, headquartered in Bedford, Mass., is a market-leading provider of motion control components and subsystems for OEMs serving a variety of medical and advanced industrial markets. Celera Motion offers precision encoders, motors, and customized mechatronic solutions that help customers solve challenging motion control problems. For more information, visit www.celeramotion.com.
About Novanta
Novanta is a trusted technology partner to OEMs in the medical and advanced industrial technology markets, with deep proprietary expertise in photonics, vision and precision motion technologies. For more information, visit www.novanta.com.
Mary Jane McCraven
Celera Motion, A Novanta Company
+1-978-944-6378
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BOSTON--(BUSINESS WIRE)--Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent”) today joins the U.S. in celebrating the 7th Annual National Hydrogen and Fuel Cell Day, which marks the growth of the industry by raising awareness of the benefits fuel cell technologies and hydrogen energy provide in reducing emissions while driving economic growth.
National Hydrogen and Fuel Cell Day is observed on October 8 in recognition of the atomic weight of hydrogen - 1.008. Hydrogen is already providing fuel, feedstock, and power to wide-ranging sectors of the U.S.
Dr. Vasilis Gregoriou, Chairman and CEO of Advent, commented on this celebration, “Advent Technologies is thrilled to celebrate the 7th Annual National Hydrogen and Fuel Cell Day. The continued push to increase awareness of the hydrogen and fuel cell economies is crucial to highlight the current success and future growth possibilities of the industry. At Advent, we produce fuel cells that convert hydrogen and other renewable fuels to electricity. These technologies will be essential for realizing the goal of 100 percent clean power. We look forward to an accelerated energy transition and we remain committed to actively playing our role in decarbonizing the world.”
Hydrogen energy and fuel cell technologies offer a clear pathway toward low- and no-carbon emissions economic growth, while creating high-quality jobs and spurring advanced American manufacturing. As countries around the world increasingly look to hydrogen as a clean energy pathway, the U.S. is uniquely well-positioned to take a leadership role. By leveraging abundant resources and a robust industrial sector, the U.S. hydrogen industry can spur American energy innovation and promote economic competitiveness.
For more information on National Hydrogen and Fuel Cell Day, please visit www.hydrogenandfuelcellday.org.
About Advent Technologies Holdings, Inc.
Advent Technologies Holdings, Inc. is a U.S. corporation that develops, manufactures, and assembles complete fuel cell systems, and the critical components for fuel cells in the renewable energy sector. Advent is headquartered in Boston, Massachusetts, with offices in California, Greece, Denmark, Germany, and the Philippines. With more than 100 patents issued for its fuel cell technology, Advent holds the IP for next-generation HT-PEM that enable various fuels to function at high temperatures under extreme conditions – offering a flexible “Any Fuel. Anywhere.” option for the automotive, aviation, defense, oil and gas, marine, and power generation sectors. For more information, visit www.advent.energy.
Cautionary Note Regarding Forward-Looking Statements
This press release includes forward-looking statements. These forward-looking statements generally can be identified by the use of words such as “anticipate,” “expect,” “plan,” “could,” “may,” “will,” “believe,” “estimate,” “forecast,” “goal,” “project,” and other words of similar meaning. Each forward-looking statement contained in this press release is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statement. Applicable risks and uncertainties include, among others, the Company’s ability to maintain the listing of the Company’s common stock on Nasdaq; future financial performance; public securities’ potential liquidity and trading; impact from the outcome of any known and unknown litigation; ability to forecast and maintain an adequate rate of revenue growth and appropriately plan its expenses; expectations regarding future expenditures; future mix of revenue and effect on gross margins; attraction and retention of qualified directors, officers, employees and key personnel; ability to compete effectively in a competitive industry; ability to protect and enhance our corporate reputation and brand; expectations concerning our relationships and actions with our technology partners and other third parties; impact from future regulatory, judicial and legislative changes to the industry; ability to locate and acquire complementary technologies or services and integrate those into the Company’s business; future arrangements with, or investments in, other entities or associations; and intense competition and competitive pressure from other companies worldwide in the industries in which the Company will operate; and the risks identified under the heading “Risk Factors” in our Annual Report on Form 10-K/A filed with the Securities and Exchange Commission on May 20, 2021, as well as the other information we file with the SEC. We caution investors not to place considerable reliance on the forward-looking statements contained in this press release. You are encouraged to read our filings with the SEC, available at www.sec.gov, for a discussion of these and other risks and uncertainties. The forward-looking statements in this press release speak only as of the date of this document, and we undertake no obligation to update or revise any of these statements. Our business is subject to substantial risks and uncertainties, including those referenced above. Investors, potential investors, and others should give careful consideration to these risks and uncertainties.
Media Contacts
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The Eco-Conscious Future of Style and Mobility will be on Display at Los Angeles Fashion Week ‘22
LOS ANGELES--(BUSINESS WIRE)--#Hydrogen--In celebration of National Hydrogen Day today, DriveH2, the public service initiative by environmental nonprofit Energy Independence Now (EIN), announced a unique new partnership with Los Angeles Fashion Week (LAFW) and the Petersen Automotive Museum. The three organizations will co-host an opening night gala in celebration of green fashion and the zero-emission movement in March of 2022.
The event will take place at the Petersen Museum, and will feature a variety of cutting edge, zero-emission vehicles alongside a future-themed eco-fashion show. Sustainably-minded stars will also be in attendance, including DriveH2 Ambassador Ronen Rubinstein, star of FOX’s 9-1-1: Lone Star.
“The focus of the DriveH2 movement is to bring awareness to the zero-emission choices we can make in our day-to-day lives,” said Brian Goldstein, EIN’s Executive Director. “What you choose to wear and drive has a direct impact on our planet and future. This gala will be a fun, collaborative celebration of the many ways we can fight climate change, as individuals and as a community. By joining forces with our friends at LAFW and the Petersen, we’ll highlight how various industries are adopting sustainable practices without sacrificing style.”
“Thoughtful, responsible fashion is the wave of the future,” said Arthur Chipman, Executive Producer of Los Angeles Fashion Week. “The fashion industry is moving in the direction of sustainability and we are so excited to share the work of the world’s leading design talent for what promises to be a beautiful and groundbreaking event.”
“We’ve already been partnering with DriveH2 and LA Fashion Week separately on other successful events and education initiatives,” said Michael Bodell, the Petersen Automotive Museum’s Chief Operating Officer. “It made sense to combine forces for a special, sustainability-focused event for LAFW next March, something we are honored to host at the Petersen.”
More details about this unique, star-studded opening night will be announced in the coming weeks.
ABOUT DriveH2 and EIN
DriveH2 is a public service initiative by Energy Independence Now (EIN), an environmental nonprofit committed to educating the world about the benefits of hydrogen fuel cell electric vehicles. The organization engages in comprehensive research, policy advocacy and public outreach to promote the widespread adoption of a diverse zero emissions portfolio. Learn more at www.driveh2.org, or follow EIN’s story and updates across all social media platforms at @DriveH2
ABOUT LA Fashion Week
LA Fashion Week is an organization dedicated to raising the profile of fashion in the United States with focus on the emergence of Los Angeles as one of the most important cultural cities in the world. As the Official Fashion Week for the City of LA proclaimed by Mayor Eric Garcetti & California State Senator Ben Allen we are proud to be a leader in supporting the growing community of artists and designers that are a part of the cultural renaissance in Los Angeles and bringing them to the world stage. Learn more at https://lafw.net
ABOUT The Petersen Automotive Museum
The Petersen Automotive Museum Foundation is a non-profit 501(c)(3) charity. The museum is located at 6060 Wilshire Blvd. (at Fairfax) in Los Angeles, 90036. Admission prices are $17 for general admission adults, $15 for seniors and $12 for children ages 4 to 17. Active military with ID, personal care attendants and children under age 4 are admitted free. Museum hours are 10 a.m. to 5 p.m. daily. For general information, call 323-930-CARS or visit www.petersen.org.
Paul Williams, This email address is being protected from spambots. You need JavaScript enabled to view it., 310/569-0023
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