Providing power to meet the needs of all PVH Europe buildings in the Netherlands, this sustainability achievement is part of PVH Corp.’s commitment to procure 100% of its electricity from renewable sources by 2030.
AMSTERDAM--(BUSINESS WIRE)--$pvh #apparel--PVH Europe, the global headquarters of Tommy Hilfiger and the European offices of Calvin Klein, both owned by PVH Corp. [NYSE: PVH], announces the installation of what is believed to be the world’s most powerful* currently operational solar roof at its state-of-the-art Warehouse and Logistics Center in Venlo, the Netherlands. Generated by more than 48,000 solar panels, the solar roof covers the Center’s electricity footprint, as well as indirectly providing 100% of all energy for PVH Europe’s warehouses, offices and stores in the Netherlands via the Dutch public power network. PVH Europe’s energy partner, Eneco, has certified that all energy needed to power these buildings is generated by the new rooftop installation. The Venlo Warehouse and Logistics Center is owned by Heylen Warehouses, a Belgian logistics real estate company, in a joint venture with AG Real Estate, and retained IZEN as the technical installation partner for the roof.
This milestone marks another step in PVH’s journey to procure 100% of its electricity from renewable sources for its offices, warehouses and stores, and to drive a 30% reduction in supply chain carbon emissions by 2030. This work is linked to PVH’s science-based emissions target aligned with the most ambitious level of decarbonization as set out by the Paris Agreement. It is also one of the priorities outlined in the company’s Forward Fashion corporate responsibility strategy, which aims to reduce negative impacts to zero, increase positive impacts to 100% and improve the over 1 million lives across the company’s value chain.
Key Facts:
“This is an incredible milestone for our Warehouse and Logistics Center in Venlo and for PVH Europe’s sustainability journey,” said Martijn Hagman, CEO ,Tommy Hilfiger Global and PVH Europe. “We have participated in the installation of what we believe is now the world’s most powerful, fully operational solar roof – a huge stride in our commitment to be powered by 100% renewable electricity by 2030 and reduce supply chain emissions by 30% by 2030. This would not have been possible without a best-in-class team of such talented, passionate, and devoted PVH associates.”
At present, up to 600,000 pieces of TOMMY HILFIGER and CALVIN KLEIN product are distributed daily from the PVH Europe Warehouse and Logistics Center in Venlo to points of sale, including owned and operated stores in Europe, the Middle East and Africa, and direct to customers. The warehouse’s Very Good rating by BREEAM incorporates exemplary standards for energy, water, transport, materials, waste, pollution, ecology, health and well-being. This is reflected through energy efficient lighting in 100% of the space, the use of 100% FSC (Forest Stewardship Council) certified packaging and 100% recycling of all cardboard, plastics and printed material.
PVH is a member of RE100, the corporate renewable electricity initiative led by the Climate Group, and has committed to RE100 to procure 100% of its electricity from renewable sources by 2030.
Sam Kimmins, Head of RE100 at the Climate Group said: “Congratulations to PVH on the finalization of the Venlo solar rooftop. This is another exciting step in their global work and partnership towards their 2025 RE100 target. It raises the bar once more for on-site renewables.”
“We believe that logistic buildings will be the next generation of solar power plants,” said Philippe Deschilder, CEO of Heylen Warehouses. “The partnership with PVH Europe for the solar roof project supports our ambition to invest in renewable energy, creating added value for our customers by enabling them to reduce their carbon footprint.”
About PVH Corp.
PVH is one of the most admired fashion and lifestyle companies in the world. We power brands that drive fashion forward – for good. Our brand portfolio includes the iconic CALVIN KLEIN, TOMMY HILFIGER, Van Heusen, IZOD, ARROW, Warner’s, Olga and Geoffrey Beene brands, as well as the digital-centric True&Co. intimates brand. We market a variety of goods under these and other nationally and internationally known owned and licensed brands. PVH has over 40,000 associates operating in over 40 countries and $9.9 billion in annual revenues. That's the Power of Us. That’s the Power of PVH.
Follow us on Facebook, Instagram, Twitter and LinkedIn.
About RE100
RE100 is a global initiative bringing together the world’s most influential businesses committed to 100% renewable power. Led by the Climate Group in partnership with CDP, the group has a total revenue of over US$5.4 trillion and operates in a diverse range of sectors. Together, they send a powerful signal to policymakers and investors to accelerate the transition to a clean economy. #RE100
*PVH defines the “world’s most powerful solar roof” as the most powerful solar roof that is currently operational and installed on one singular structure.
PVH Europe
Baptiste Blanc, +31 62904 2334
Sr. Director, Global Communications
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DUBLIN--(BUSINESS WIRE)--The "Chemical Injection Metering Pumps and Valves Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The market for chemical injection metering pumps and valves is expected to grow at a CAGR of around 4% during the forecast period.
One of the major factors driving the market studied is the accelerating demand from wastewater treatment applications. However, high maintenance and replacement costs in some applications is expected to hinder the growth of the market studied.
Energy, Power and Chemicals industry dominated the market and is expected to continue to grow during the forecast period. The water and wastewater treatment industry is expected to grow at the highest CAGR in the coming years.
Europe dominated the market followed by North America and Asia-Pacific across the globe with the largest consumption from countries such as Germany, United States, China, Japan, and Russia, among others. Growing demand from the pharmaceutical industry is likely to act as an opportunity in the future.
Key Market Trends
Energy, Power, and Chemicals to Dominate the Market
Asia-Pacific to Witness High Growth
Competitive Landscape
The global chemical injection metering pumps and valves market is highly fragmented with top 5 players accounting for a very small share of the market.
Key Topics Covered:
1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Accelerating Demand from Wastewater Treatment Applications
4.1.2 Robust Operational Procedures for Regulating Environmental Concerns
4.1.3 Other Drivers
4.2 Restraints
4.2.1 High Maintenance and Replacement Costs in Some Applications
4.2.2 Impact of COVID-19 Pandemic
4.3 Industry Value-Chain Analysis
4.4 Porter's Five Forces Analysis
5 MARKET SEGMENTATION
5.1 Pump Type
5.1.1 Diaphragm
5.1.2 Piston/Plunger
5.1.3 Other Pump Types
5.2 End-user Industry
5.2.1 Energy, Power, and Chemicals
5.2.2 Oil and Gas
5.2.3 Water and Wastewater Treatment
5.2.4 Food and Beverage
5.2.5 Pharmaceutical
5.3 Geography
6 COMPETITIVE LANDSCAPE
6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Cameron (Schlumberger)
6.4.2 Hunting PLC
6.4.3 Idex Corporation
6.4.4 ITC Dosing Pumps
6.4.5 Lewa GmbH
6.4.6 McFarland-Tritan LLC
6.4.7 Milton Roy
6.4.8 ProMinent
6.4.9 Seepex GmbH
6.4.10 Seko SpA
6.4.11 SkoFlo Industries Inc.
6.4.12 SPX FLOW Inc.
6.4.13 Swelore Engineering Pvt Ltd
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Growing Demand in the Pharmaceutical Industry
7.2 Development of Technologically Advanced Chemical Injection Systems
For more information about this report visit https://www.researchandmarkets.com/r/hwf2gi
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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BROOKLYN HEIGHTS, Ohio--(BUSINESS WIRE)--GrafTech International Ltd. (NYSE:EAF) will hold its Third Quarter 2020 Conference Call and Webcast on Tuesday, November 3, 2020 at 10:00 a.m. (EST). The call will be hosted by senior management to discuss financial results for the quarter ended September 30, 2020 and current business initiatives.
These financial results will be released on Tuesday, November 3, 2020 before market open and will be available on our investor relations website at http://ir.graftech.com.
To participate in the conference call, please dial +1 (866) 521-4909 toll-free in the U.S. and Canada or for overseas calls please dial +1 (647) 427-2311, conference ID: 6767702. Please plan to dial in approximately fifteen minutes early.
Live audio of the conference call will be available via webcast on our website or at https://onlinexperiences.com/Launch/QReg/ShowUUID=3802E0D5-70BA-4EAB-B7F7-C53C981BCFC0.
A replay of the Conference Call will be available until February 3, 2021 by dialing +1 (800) 585-8367 toll-free in the U.S. and Canada or +1 (416) 621-4642 for overseas calls, conference ID: 6767702. A replay of the webcast will be available on our investor relations website until February 3, 2021.
About GrafTech
GrafTech International Ltd. is a leading manufacturer of high quality graphite electrode products essential to the production of electric arc furnace steel and other ferrous and non-ferrous metals. The Company has a competitive portfolio of low cost graphite electrode manufacturing facilities, including three of the highest capacity facilities in the world. We are the only large scale graphite electrode producer that is substantially vertically integrated into petroleum needle coke, a key raw material for graphite electrode manufacturing. This unique position provides competitive advantages in product quality and cost.
Wendy Watson
216-676-2699
White Brings More Than a Decade of Utility and Sales Experience
VALENCIA, Calif.--(BUSINESS WIRE)--#h2scan--H2scan, a leading provider of proven, proprietary hydrogen sensors and technologies for utilities and industrial markets, announced today it has named Leon White as its new Vice President of Transformer Sales and Business Development.
In this role, White reports to company President and CEO Dennis Reid and is responsible for global sales of H2scan’s hydrogen monitoring products within the transformer industry.
White joins H2scan from Qualitrol, a company focused on condition-based monitoring for utility assets, where he served as a senior sales manager in the Midwest US region. Previously he worked as an application engineer and a sales manager at General Electric. White began his career as a substation design engineer at electric utility company, Ameren.
White has electrical engineering and MBA degrees from Southern Illinois University at Edwardsville and is a registered professional engineer.
“Leon has 15 years utility experience and brings a wealth of knowledge, credibility and industry expertise,” Reid said. “He is a true believer in hydrogen monitoring and we’re excited to have him join our team, helping H2scan to finish out the year strong and go into 2021 stronger than ever.”
“Hydrogen monitors provide high value and low maintenance, which translate to increased reliability and decreased costs for utilities, particularly important during this time when companies must cut back on in-person monitoring of their transformers,” said White. “H2scan provides a world-class product no other company can compete with and has the talent to grow tremendously in the coming years. I look forward to playing a role in this growth.”
For more information on H2scan and its hydrogen sensors, visit http://h2scan.com/.
About H2scan Corporation
H2scan was founded in 2002, and has its headquarters, sales, production and marketing staff in Valencia, California. The Company provides the most accurate, tolerant and affordable hydrogen leak detection and process gas monitoring solutions for industrial markets. H2scan enables the accurate monitoring and control functions for a wide range of applications, including control systems, safety monitoring and alarm systems. H2scan also provides portable, handheld configurations for easy leak detection and monitoring. H2scan supplies its hydrogen process analyzer and hydrogen leak detectors to utility, petrochemical, refinery, and gas line companies, nuclear power plants, fuel cell, petroleum and other industrial organizations through distribution, or long- term supply agreements. H2scan helps its customers meet safety, regulatory and process control requirements while doing critical hydrogen monitoring. H2scan’s customer base includes some of the largest manufacturing enterprises in the world including: General Electric, DOD, ABB, Siemens, ExxonMobil, Shell, Chevron, NASA, Proctor & Gamble and more.
H2scan now holds 27 patents on its core technology, software and electronics and its products are sold in over 50 countries worldwide. For more information, please visit http://www.h2scan.com.
David Rodewald/Amber Rubin
The David James Agency LLC
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805-494-9508
HOUSTON--(BUSINESS WIRE)--MV Oil Trust (NYSE: MVO) announced the Trust distribution of net profits for the third quarterly payment period ended September 30, 2020.
Unitholders of record on October 15, 2020 will receive a distribution amounting to $1,092,500 or $0.095 per unit payable October 23, 2020.
Volumes, average price and net profits for the payment period were:
Volume (BOE) |
|
156,608 |
|
|
Average price (per BOE) |
|
$ |
35.84 |
|
Gross proceeds |
|
$ |
5,613,503 |
|
Costs |
|
$ |
3,634,973 |
|
Net profits |
|
$ |
1,978,530 |
|
Percentage applicable to Trust’s 80% |
|
|
|
|
Net profits interest |
|
$ |
1,582,824 |
|
Recovery of deficiency from second quarter 2020 |
|
$ |
(440,532 |
) |
Total cash proceeds available for the Trust |
|
$ |
1,142,292 |
|
Provision for estimated Trust expenses |
|
$ |
(49,792 |
) |
Net cash proceeds available for distribution |
|
$ |
1,092,500 |
|
As previously reported, there was a substantial decrease in oil prices during the first six months of 2020 due in part to significantly decreased demand as a result of the COVID-19 pandemic and an oversupply of crude oil. Oil prices have remained low through the third quarter of 2020 and could remain low for an extended period of time, which in turn could have a material adverse effect on Trust distributions. Low oil prices and other factors reduced net proceeds to which the Trust was entitled, and there were not sufficient net proceeds for MV Oil Trust to make a payment for the scheduled quarterly distribution in July 2020 to unitholders of record on July 15. MV Partners applied funds from the reserve for future expenditures to cover the Trust deficit. For the quarter ended September 30, 2020, gross proceeds exceed quarterly costs and the reserve account is being replenished. The Trustee will withhold an additional minimal amount and use cash reserves from the provision for estimated Trust expenses provided in the first quarter distribution to pay current Trust administrative expenses. If commodity prices for crude oil remain at reduced levels, subsequent distributions in 2021 will be substantially lower than historical distributions, and in certain periods there may be no distribution to unitholders.
This press release contains forward-looking statements. Although MV Partners, LLC has advised the Trust that MV Partners, LLC believes that the expectations contained in this press release are reasonable, no assurances can be given that such expectations will prove to be correct. The announced distributable amount is based on the amount of cash received or expected to be received by the Trustee from the underlying properties on or prior to the record date with respect to the quarter ended September 30, 2020. Any differences in actual cash receipts by the Trust could affect this distributable amount. Other important factors that could cause these statements to differ materially include the actual results of drilling operations, risks inherent in drilling and production of oil and gas properties, the ability of commodity purchasers to make payment, the effect, impact, potential duration or other implications of the COVID-19 pandemic, the dispute over production levels between Russia and the members of the Organization of Petroleum Exporting Countries, including Saudi Arabia, and other risk factors described in the Trust’s Annual Report on Form 10-K for the year ended December 31, 2019 and Quarterly Report on Form 10-Q for the period ended June 30, 2020 filed with the Securities and Exchange Commission. Statements made in this press release are qualified by the cautionary statements made in these risk factors. The Trust does not intend, and assumes no obligations, to update any of the statements included in this press release.
MV Oil Trust
The Bank of New York Mellon Trust Company, N.A., as Trustee
Michael Ulrich
512-236-6599
LOS ANGELES & NEW YORK--(BUSINESS WIRE)--Romeo Systems, Inc. (“Romeo Power”), an energy technology company, and RMG Acquisition Corp. (“RMG”) (NYSE: RMG), a special purpose acquisition company, today announced a definitive agreement for a business combination that would result in Romeo Power becoming a publicly listed company. Upon closing of the transaction, the combined company will be named Romeo Power, Inc. and is expected to remain listed on the NYSE and trade under the new ticker symbol “RMO”.
Romeo Power is an industry leading energy technology company focused on designing and manufacturing lithium-ion battery modules and packs for commercial electric vehicles. Through its industry leading energy dense battery modules and packs, it enables large-scale sustainable transportation by delivering safe, longer lasting batteries with shorter charge times. The company has completed construction and development of a 7 GWh-capable manufacturing facility in Los Angeles, California, with state of the art manufacturing operations designed and scaled for high growth. Romeo Power’s core product offering serves the battery electric vehicle (BEV) medium duty short haul and heavy duty long haul trucking markets, as well as specialty trucking and buses. As the era of gas-powered vehicles continues to decline, Romeo Power’s mission is to be an industry leader in the electrification of the global transportation industry and to be the commercial electric vehicle energy provider of today and tomorrow.
Lionel Selwood Jr., Chief Executive Officer of Romeo Power, commented, “We are thrilled to announce this transaction with RMG, as it allows us to further expand our business and to continue innovating and developing new products. Romeo Power’s proprietary battery systems and patented technologies that we have developed over the last four years deliver differentiated energy density, safety, efficiency and cost savings. The need for an economically viable shift toward greener methods of transportation is evident, and we look forward to playing a critical role in the electrification of commercial vehicles globally.”
Robert Mancini, Chief Executive Officer of RMG, added, “Since our IPO in early 2019, we have evaluated nearly 150 investment opportunities in search of a company with an industry-leading disruptive technology in the industrial or energy sector. Romeo Power stood out as a differentiated leading battery technology company for commercial electric vehicles, a sector that we think is at an inflection point and poised for unprecedented growth.”
Upon completion of the merger, Robert Mancini, along with Philip Kassin, President and Chief Operating Officer of RMG, are expected to join the board of Romeo Power, contributing their significant business, financial, legal and public board experience to the governance and operations of the company.
Romeo Power’s energy technology has positioned it to lead the electrification of the global commercial vehicle market. Globally, the total addressable market (“TAM”) for commercial vehicles is estimated to be approximately $665 billion with over 17 million vehicles sold annually and steady growth expected to continue as global economic growth fuels the need for more commercial vehicles. In North America and Europe, the TAM is estimated to be approximately $225 billion with over 7 million vehicles sold annually. Romeo Power has a diversified and high quality customer base today that represents an estimated nearly 70% of the North America Class 8 market. The company has varying forms of agreements with customers, enhancing visibility into the company’s future growth, including over $300 million of currently contracted revenue.
Romeo Power is de-risking commercialization through its strategic partnerships with global leaders in vehicle component technologies, including BorgWarner, a global tier one automotive supplier. In May 2019, BorgWarner made a $50 million strategic investment in Romeo Power and entered into a joint venture, with a goal of amplifying its growing portfolio of alternative propulsion products for hybrid and electric vehicles. The investment and partnership reflect significant third party validation of Romeo Power’s technology, and allow the company to leverage BorgWarner’s customer base, supply chain and manufacturing expertise in order to accelerate growth globally and bolster operational execution in a highly capital efficient manner.
“BorgWarner congratulates Romeo Power on the achievement of this important milestone”, said Frédéric Lissalde, President and CEO of BorgWarner. “We look forward to continuing to work with Romeo Power on the expansion of their business and the global growth of the BorgWarner and Romeo Power joint venture.”
In addition, Romeo Power has a significant partnership with The Heritage Group, a leader in environmental and recycling services. The Heritage Group, through its corporate venture arm, HG Ventures, was an early investor in Romeo Power and a participant in the PIPE, and as part of the partnership, they will support the co-development of a battery reuse and recycle facility for Romeo Power’s batteries near or at end-of-life. The Heritage Group has also committed to a pilot program expected to result in converting 500+ diesel trucks in its fleet to BEVs using Romeo Power’s batteries between 2021 and 2025. Republic Services, the second largest recycling and waste disposal company in the United States with a fleet of more than 16,000 vehicles, is another strategic participant in the PIPE and intends to enter into a strategic alliance with Romeo Power.
“Several of the world’s largest logistics companies have announced their commitments to electric fleets, and just about all major OEMs have announced electric vehicle programs,” continued Lionel Selwood Jr. “The team of experts at Romeo Power, which has experience across the electric vehicle, aerospace, and broader technology industries, is excited about the opportunity to tap into this quickly growing market as we help enable the electrification of the commercial vehicle fleet globally for decades to come.”
Transaction Overview
The business combination values Romeo Power at an approximately $1.33 billion pro forma equity value. The boards of directors of both RMG and Romeo Power have approved the proposed transaction, which is expected to be completed in the fourth quarter of 2020, subject to, among other things, the approval by Romeo Power’s stockholders and satisfaction or waiver of the other conditions stated in the definitive documentation.
The private placement of common stock includes commitments from institutional investors as well as strategic investors The Heritage Group and Republic Services.
Additional information about the proposed transaction, including a copy of the merger agreement and investor presentation, will be provided in a Current Report on Form 8-K to be filed by RMG with the Securities and Exchange Commission and available at www.sec.gov.
Advisors
Goldman Sachs & Co. LLC is serving as exclusive financial advisor, and Paul Hastings LLP is serving as legal advisor to Romeo Power. Morgan Stanley & Co. LLC is serving as lead financial advisor, Nomura Greentech Capital Advisors, LLC is serving as financial advisor, and Latham & Watkins LLP is serving as legal advisor to RMG. Morgan Stanley & Co. LLC is serving as sole placement agent to RMG on the PIPE offering. Davis Polk & Wardwell LLP is serving as legal advisor to Morgan Stanley & Co. LLC.
Investor Conference Call Information
Romeo Power and RMG will host a joint investor conference call to discuss the proposed transaction today, Monday, October 5, 2020 at 8:30 AM ET.
To listen to the prepared remarks via telephone dial 1-877-705-6003 (U.S.) or 1-201-493-6725 (International) and an operator will assist you. A telephone replay will be available at 1-844-512-2921 (U.S.) or 1-412-317-6671 (International), passcode: 13711240 through Monday October 19, 2020, 11:59 PM ET.
About Romeo Power Corporation
Romeo Power, founded in 2016 in California by Michael Patterson, is an industry leading energy technology company focused on designing and manufacturing lithium-ion battery modules and packs for commercial electric vehicles. Through its energy dense battery modules and packs, Romeo Power enables large-scale sustainable transportation by delivering safe, longer lasting batteries with shorter charge times. With greater energy density, Romeo Power is able to create lightweight and efficient solutions that deliver superior performance, and provide improved acceleration, range, safety and durability. Romeo Power’s modules and packs are customizable and scalable, and they are optimized by its proprietary battery management system. The company has approximately 100 employees and more than 60 battery-specific engineers and a 113,000 square foot manufacturing facility in Los Angeles, California with key battery development capabilities performed in-house.
For additional information, please visit https://romeopower.com
About RMG Acquisition Corp.
RMG Acquisition Corp. (NYSE: RMG) is a special purpose acquisition company formed for the purpose of effecting a merger, stock purchase or similar business combination with one or more businesses. The company is sponsored by Riverside Management Group and the Management Team of James Carpenter, Robert Mancini and Philip Kassin. The company’s strategy is to identify and complete its initial business combination with a business in the diversified resources or industrial materials sectors, which include, among others, the chemicals, energy services and technology, environmental services, metals and power sectors, and which stand to benefit from the Management Team’s extensive experience and operating capabilities. However, the company has reserved the right to pursue an acquisition opportunity in any business or industry. In February 2019, RMG Acquisition Corp. completed its initial public offering, raising $230 million from investors.
For additional information, please visit http://www.rmgacquisition.com/
Important Information and Where to Find It
This press release relates to a proposed transaction between RMG and Romeo Power. RMG intends to file with the Securities and Exchange Commission (“SEC”) a registration statement on Form S-4 that will include a proxy statement and prospectus of RMG. The proxy statement/prospectus will be mailed to stockholders of RMG as of a record date to be established for voting on the proposed business combination. RMG also will file other relevant documents from time to time regarding the proposed transaction with the SEC. INVESTORS AND SECURITY HOLDERS OF RMG ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS AND OTHER RELEVANT DOCUMENTS THAT WILL BE FILED BY RMG FROM TIME TO TIME WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Investors and security holders will be able to obtain free copies of the proxy statement/prospectus and other documents containing important information about RMG and Romeo Power once such documents are filed with the SEC, through the website maintained by the SEC at http://www.sec.gov. Copies of the documents filed with the SEC by RMG when and if available, can be obtained free of charge on RMG’s website at www.rmginvestments.com or by directing a written request to RMG Acquisition Corp., 50 West Street, Suite 40-C, New York, New York 10006.
Participants in the Solicitation
RMG and Romeo Power and their respective directors and executive officers, under SEC rules, may be deemed to be participants in the solicitation of proxies of RMG’s stockholders in connection with the proposed transaction. Investors and security holders may obtain more detailed information regarding the names and interests in the proposed transaction of RMG’s directors and officers in RMG’s filings with the SEC, including RMG’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019, which was filed with the SEC on April 1, 2019. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies to RMG’s stockholders in connection with the proposed business combination will be set forth in the proxy statement/prospectus for the proposed business combination when available. Additional information regarding the interests of participants in the solicitation of proxies in connection with the proposed business combination will be included in the proxy statement/prospectus that RMG intends to file with the SEC.
No Offer or Solicitation
This communication shall neither constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.
Forward Looking Statements
This press release includes “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside RMG’s or Romeo Power’s management’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include: the inability to complete the transactions contemplated by the proposed business combination; the inability to recognize the anticipated benefits of the proposed business combination, which may be affected by, among other things, the amount of cash available following any redemptions by RMG stockholders; the ability to meet the NYSE’s listing standards following the consummation of the transactions contemplated by the proposed business combination; costs related to the proposed business combination; Romeo Power’s ability to execute on its plans to develop and market new products and the timing of these development programs; Romeo Power’s estimates of the size of the markets for its products; the rate and degree of market acceptance of Romeo Power’s products; the success of other competing technologies that may become available; Romeo Power’s ability to identify and integrate acquisitions; the performance of Romeo Power’s products; potential litigation involving RMG or Romeo Power; and general economic and market conditions impacting demand for Romeo Power’s products. Other factors include the possibility that the proposed transaction does not close, including due to the failure to receive required security holder approvals, or the failure of other closing conditions. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of RMG’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, the registration statement on Form S-4 and proxy statement/prospectus discussed below and other documents filed by RMG from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and neither RMG nor Romeo Power undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
For Investors
ICR, Inc.
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For Media
ICR, Inc.
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For RMG Acquisition Corp.
Philip Kassin
Chief Operating Officer
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212-785-2579
NEW YORK--(BUSINESS WIRE)--Hess Corporation (NYSE: HES) announced today that it has entered into an agreement to sell its 28% working interest in the Shenzi Field in the deepwater Gulf of Mexico to BHP Billiton, the field’s operator, for a total consideration of $505 million, subject to customary adjustments, with an effective date of July 1, 2020. The field produced an average of 11,000 net barrels of oil equivalent per day in the first eight months of 2020.
“Proceeds will be used to fund our world class investment opportunity in Guyana,” CEO John Hess said. “This sale is aligned with our strategy to preserve cash and preserve the long term value of our assets in the current low oil price environment.”
The transaction is expected to close before year end 2020 and is subject to customary closing conditions.
Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess Corporation is available at www.hess.com.
Cautionary Statements
This news release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Words such as “anticipate,” “estimate,” “expect,” “forecast,” “guidance,” “could,” “may,” “should,” “would,” “believe,” “intend,” “project,” “plan,” “predict,” “will,” “target” and similar expressions identify forward-looking statements, which are not historical in nature. These forward-looking statements may include, without limitation, the expected timing and completion of the proposed sale and use of proceeds. Forward-looking statements are subject to certain known and unknown risks and uncertainties that could cause actual results to differ materially from our historical experience and our current projections or expectations of future results expressed or implied by these forward-looking statements. The following important factors could cause actual results to differ materially from those in our forward-looking statements: the ability of our contractual counterparties to satisfy their obligations to us, the ability to satisfy the conditions to the proposed sale; contract and other laws, regulations and governmental actions applicable to our business; and other factors described in the Risk Factor section in our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q and any additional risks described in our other filings with the Securities and Exchange Commission. As and when made, we believe that our forward-looking statements are reasonable. However, given these risks and uncertainties, caution should be taken not to place undue reliance on any such forward-looking statements since such statements speak only as of the date when made and there can be no assurance that such forward-looking statements will occur and actual results may differ materially from those contained in any forward-looking statement we make. Except as required by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events or otherwise.
Investors:
Jay Wilson
(212) 536-8940
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Media:
Lorrie Hecker
(212) 536-8250
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NEW YORK & BUFFALO GROVE, Ill.--(BUSINESS WIRE)--Macquarie’s Green Investment Group (GIG), Siemens’ Smart Infrastructure (SI) and Financial Services (SFS) groups today announced the formation of Calibrant Energy (Calibrant), a joint venture that offers comprehensive onsite Energy as a Service (EaaS) solutions at no up-front cost for its customers, which include corporate and industrial clients, as well as municipalities, universities, schools and hospitals.
Calibrant Energy offers a unique combination of technical, operating, and risk management expertise that enables customers to access the benefits of on-site energy systems with a new level of simplicity. Using an EaaS model, Calibrant will build onsite energy solutions that seek to deliver immediate cost savings, cost certainty, resilience and low-cost energy grid augmentation. Calibrant’s technologies will include solar, integrated solar-battery solutions, hybrid systems, standalone batteries, microgrids, combined heat and power, and centralized heating and cooling infrastructure upgrades.
Combining the efforts of two global energy technology and infrastructure companies, Calibrant Energy will simplify the transition toward energy decarbonization for US corporations and institutions by planning, designing, building, owning, and operating clients’ energy production and storage assets.
“Many companies and institutions are embarking on a green transition in their energy strategies to take advantage of lower cost, lower emissions and increased resilience. Due to our shared vision and complementary expertise, GIG viewed Siemens as the ideal partner in forming Calibrant Energy to work closely with clients to deliver simple, customized, fully managed energy solutions,” said Chris Archer, GIG’s Head of Americas. “With industry-leading technology, deep sector expertise and flexible financing capabilities, Calibrant is well positioned to be a transformative leader in distributed energy and accelerate the transition toward a greener economy.”
Calibrant will deliver fully integrated and managed energy solutions that can be deployed at scale, including taking on up-front capital investment. Employing best-in-class solutions and drawing from the broadest and deepest product set in the industry, Calibrant will feature the latest energy solutions from Siemens, as well as leading products from across the industry.
“Calibrant Energy is laying the foundation to respond to the changing financial market conditions and demand for sustainable infrastructure and clean energy projects,” said John Kovach, Head of Energy & Performance Services Americas, Siemens Smart Infrastructure. “With this launch, we continue to deliver on our commitment to society by driving sustainability and customer choice in grid edge technologies.”
“This venture is about making it simple for the customer, while also leveraging a growing set of technologies and applications around distributed energy,” said Greg Callman, Global Head of Energy Technology at Macquarie Capital. “Crafting a simple and compelling customer solution requires a combination of discipline and innovation, and Calibrant is purpose built.”
“As an experienced investor in energy and infrastructure initiatives throughout the United States, SFS has been a pioneer in providing flexible financing solutions for the advancement of distributed energy projects,” said Anthony Casciano, CEO, Siemens Financial Services, Inc. “Combining Siemens’ innovative technology solutions and – together with GIG – adding our own financing and risk management expertise, Calibrant Energy will help enable customers to obtain resilient low-cost energy and meet sustainability goals with no up-front cost.”
About Calibrant Energy
Calibrant Energy is a total energy partner that simplifies the transition toward energy decarbonization and decentralization. Calibrant Energy creates smart energy solutions for companies and institutions by integrating the latest energy technologies with adaptive financing. Calibrant Energy brings together global innovators in energy, Siemens’ Smart Infrastructure (SI) and Financial Services (SFS) groups and Macquarie’s Green Investment Group, to deliver distributed energy solutions that help achieve commercial, sustainability and strategic goals. Calibrant Energy’s mission is to provide reliable, high-quality, and transformational energy solutions with end to end services. For more information, visit www.calibrantenergy.com.
About Green Investment Group and Macquarie Group
Green Investment Group (GIG) is a specialist developer, sponsor and investor with a mission to accelerate the transition to a greener global economy. GIG supports the growth of the global green economy by making new green infrastructure investments and developing new projects. Working across the full project lifecycle, including early-stage development, GIG offers clients and partners expertise in principal investment, project and portfolio management, advisory services and access to flexible capital. GIG is part of Macquarie Group, a diversified financial group providing clients with asset management and finance, banking, advisory and risk and capital solutions across debt, equity and commodities.
About Siemens Smart Infrastructure
Siemens Smart Infrastructure (SI) is shaping the market for intelligent, adaptive infrastructure for today and the future. It addresses the pressing challenges of urbanization and climate change by connecting energy systems, buildings and industries. SI provides customers with a comprehensive end-to-end portfolio from a single source – with products, systems, solutions and services from the point of power generation all the way to consumption. With an increasingly digitalized ecosystem, it helps customers thrive and communities progress while contributing toward protecting the planet. SI creates environments that care. With around 71,000 employees worldwide, Siemens Smart Infrastructure has its global headquarters in Zug, Switzerland, and its U.S. corporate headquarters in Buffalo Grove, Illinois, USA. In the United States, Siemens Smart Infrastructure is a Business Unit of the Siemens US legal entity Siemens Industry, Inc.
About Siemens Financial Services
Siemens Financial Services (SFS) – the financing arm of Siemens – provides business-to-business financial solutions. A unique combination of financial expertise, risk management and industry know-how enable SFS to create tailored innovative financial solutions. With these, SFS facilitates growth, creates value, enhances competitiveness and helps customers access new technologies. SFS supports investments with equipment financing and leasing, corporate lending, equity investments and project and structured financing. www.usa.siemens.com/finance
Macquarie media inquiries
David Franecki
Macquarie Group
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Siemens media inquiries
Aynur Saltik
Siemens Smart Infrastructure
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HOUSTON--(BUSINESS WIRE)--Nine Energy Service, Inc. (NYSE:NINE) announced today that it has scheduled its third quarter 2020 earnings conference call for Thursday, November 5, 2020 at 9:00 am Central Time. During the call, Nine will discuss its financial and operating results for the quarter ended September 30, 2020, which are expected to be released prior to the conference call.
Participants may join the live conference call by dialing U.S. (Toll Free): (877) 524-8416 or International: (412) 902-1028 and asking for the “Nine Energy Service Earnings Call”. Participants are encouraged to dial into the conference call ten to fifteen minutes before the scheduled start time to avoid any delays entering the earnings call.
For those who cannot listen to the live call, a telephonic replay of the call will be available through November 19, 2020 and may be accessed by dialing U.S. (Toll Free): (877) 660-6853 or International: (201) 612-7415 and entering the passcode of 13707026.
About Nine Energy Service
Nine Energy Service is an oilfield services company that offers completion solutions within North America and abroad. The Company brings years of experience with a deep commitment to serving clients with smarter, customized solutions and world-class resources that drive efficiencies. Serving the global oil and gas industry, Nine continues to differentiate itself through superior service quality, wellsite execution and cutting-edge technology. Nine is headquartered in Houston, Texas with operating facilities in the Permian, Eagle Ford, SCOOP/STACK, Niobrara, Barnett, Bakken, Marcellus, Utica and Canada.
For more information on the Company, please visit Nine’s website at nineenergyservice.com.
Nine Energy Service Investor Contact:
Heather Schmidt
Vice President, Strategic Development, Investor Relations and Marketing
(281) 730-5113
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Supports the Development of U.S. Domestic Supply of Graphite
CENTENNIAL, Colo.--(BUSINESS WIRE)--$WWR--Westwater Resources, Inc. (“Westwater”) (NASDAQ: WWR), an energy materials development company, applauds the President’s Executive Order (“Order”) signed on September 30, 2020, that addresses the threat to the U.S. domestic supply chain from reliance on critical minerals from foreign adversaries. The critical minerals referred to in the Order were previously identified by the Department of the Interior in May 2018, and include both natural graphite and vanadium.
The President’s declaration that the United States' heavy reliance on foreign nations for critical minerals is a national emergency highlights the importance of Westwater’s plans to develop the Coosa Graphite Deposit in east-central Alabama. Westwater’s business plan for the Coosa Graphite Project over the next two and a half years is to develop a U.S. domestic supply for natural graphite for use in all types of batteries in the United States. During recent exploration activities along the Roscoe Ridge at the mine site, Westwater has also discovered widespread and significant levels of vanadium mineralization.
The U.S. is 100% dependent on imports for graphite, which is the primary anode material in lithium-ion batteries that power smartphones, laptops, and electric vehicles, and stores power from intermittent renewable energy sources. Graphite was specifically named as one of the critical minerals in which the U.S. is heavily dependent on China for its supply. Also, vanadium is an essential component in the manufacture of high-strength steel, is used as a catalyst in chemical manufacturing, and is also used as a component in the manufacturing of some ceramic, glass, and pigment products. The U.S. imports virtually all of its industrial vanadium requirements from mines located in South Africa, China, and Russia.
Christopher M. Jones, President and Chief Executive Officer of Westwater, said, “The President’s Executive Order opens up new avenues for financing and permitting our Coosa Graphite Project – this is good news for Westwater Resources and the United States.”
In the Order the President says, “a strong America cannot be dependent on imports from foreign adversaries for the critical minerals that are increasingly necessary to maintain our economic and military strength in the 21st century.” The President said the heavy dependence on imports for critical minerals makes the U.S. vulnerable to adverse foreign government action, natural disaster, or other supply disruptions.
“I therefore determine that our nation's undue reliance on critical minerals, in processed or unprocessed form, from foreign adversaries constitutes an unusual and extraordinary threat, which has its source in substantial part outside the United States, to the national security, foreign policy, and economy of the United States. I hereby declare a national emergency to deal with that threat,” Trump penned in the Executive Order.
Further details on Trump's critical mineral Executive Order can be read at https://www.whitehouse.gov/presidential-actions/executive-order-addressing-threat-domestic-supply-chain-reliance-critical-minerals-foreign-adversaries.
Westwater is uniquely positioned to benefit from the action the U.S. government is taking to ensure that America and its technology manufacturers can rely on a safe and secure source of graphite to power our next generation of power and technology needs and possibly to meet needs for vanadium as well. The action by the President orders the Office of Science and Technology, the Secretary of Defense, the Secretary of Energy, and the Secretary of the Interior to provide guidance to clarify which minerals and projects are eligible for government support, which can include loans or grants, under Title XVII of the Energy Policy Act of 2005. Furthermore, these agencies are directed along with the Secretary of Commerce, the Administrator for the Environmental Protection Agency, and the Secretary of the Army, to use all available authorities to accelerate the issuance of permits in connection with expanding and protecting the U.S. domestic supply chain for minerals such as graphite.
Westwater is evaluating the Order and how to best approach the relevant agencies in the U.S. Government to emphasize the importance of battery graphite, its importance to the nation’s security, and how the Coosa Graphite Project in Alabama fits into the enactment of critical minerals policy.
About Westwater Resources
Westwater Resources (NASDAQ: WWR) is focused on developing energy-related materials. The Company’s battery-materials projects include the Coosa Graphite Project — the most advanced natural flake graphite project in the contiguous United States — and the associated Coosa Graphite Deposit located across 41,900 acres (~17,000 hectares) in east-central Alabama. Commencement of the pilot plant operations is scheduled for the fourth quarter of 2020, producing ULTRA-PMG™, ULTRA-DEXDG™ and ULTRA-CSPG™ in quantities that facilitate qualification testing at potential customers. For more information, visit www.westwaterresources.net.
Cautionary Statement
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as "expects," "estimates," "projects," "anticipates," "believes," "could," “scheduled,” and other similar words. All statements addressing events or developments that WWR expects or anticipates will occur in the future, including but not limited to the activities involving the Coosa Graphite Project and the Coosa Graphite Deposit. Because they are forward-looking, they should be evaluated in light of important risk factors and uncertainties. These risk factors and uncertainties include, but are not limited to, (a) the Company’s ability to successfully construct and operate a pilot plant capable of producing battery grade materials in quantities and on schedules consistent with the Coosa Graphite Project business plan; (b) the Company’s ability to raise additional capital in the future including the ability to utilize existing financing facilities; (c) spot price and long-term contract price of graphite and vanadium; (d) risks associated with our operations and the operations of our partners such as Dorfner Anzaplan, including the impact of COVID-19 and its potential impacts to the capital markets; (e) operating conditions at the Company’s projects; (f) government and tribal regulation of the graphite industry and the vanadium industry; (g) world-wide graphite and vanadium supply and demand, including the supply and demand for lithium-based batteries; (h) unanticipated geological, processing, regulatory and legal or other problems the Company may encounter in the jurisdictions where the Company operates or intends to operate, including but not limited to Alabama; (i) the ability of the Company to enter into and successfully close acquisitions or other material transactions, including the proposed transaction to sell uranium assets in Texas and New Mexico to enCore Energy; (j) any graphite or vanadium discoveries not being in high-enough concentration to make it economic to extract the minerals; (k) currently pending or new litigation or arbitration; and (l) other factors which are more fully described in the Company’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and other filings with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize or should any of the Company’s underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. In addition, undue reliance should not be placed on the Company’s forward-looking statements. Except as required by law, the Company disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this news release.
Westwater Resources Contact:
Christopher M. Jones, President & CEO
Phone: 303.531.0480
Jeff Vigil, VP Finance & CFO
Phone: 303.531.0481
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Product Sales Contact:
Jay Wago, Vice President – Sales and Marketing
Phone: 303.531.0472
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Investor Relations Contact:
Porter, LeVay & Rose
Michael Porter
Phone: 212.564.4700
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LONDON--(BUSINESS WIRE)--#GlobalMaritimePatrolNavalVesselsMarket--The global maritime patrol naval vessels market size is poised to grow by USD 14.37 billion during 2020-2024, progressing at a CAGR of almost 9% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.
The rising number of maritime crimes is encouraging naval forces to modernize their fleets and shift their focus towards inducting multi-purpose OPVs. There is a growing focus of international bodies towards curbing transnational maritime crimes. This will result in the expansion of patrol naval fleets by multiple countries, influencing maritime patrol naval vessels market growth.
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Report Highlights:
Read the full report here: https://www.technavio.com/report/report/maritime-patrol-naval-vessels-market-industry-analysis
Adoption of Innovative Approaches by the Emerging Economies in Procuring Patrol Naval Vessels will be a Key Market Trend
With the increasing water disputes and aggressive expansion, there is a high demand for the modernization of naval fleets from the emerging economies. Because of the rise in raw material and labor costs and the need for regulatory compliance, there is a steady increase in the cost of naval vessels. The increasing cost of patrol naval vessels is inducing the governments of emerging economies to finance the procurement of naval fleets for naval forces and security agencies. For instance, the Philippine Navy has adopted the G2G approach to procure OPVs from Austal through in inter-government agreement with Australia. The adoption of these innovative approaches by the emerging economies in procuring patrol naval vessels will be one of the major patrol naval vessels market trends that will influence market growth.
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Maritime Patrol Naval Vessels Market 2020-2024: Key Highlights
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY TYPE
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
PART 15: EXPLORE TECHNAVIO
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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SPAC launches with founders and board of directors consisting of clean energy veterans from NRG, Credit Suisse, General Electric and Green Mountain Power
NEW YORK--(BUSINESS WIRE)--Climate Change Crisis Real Impact I Acquisition Corporation, NYSE: CLII.U, dba Climate Real Impact Solutions (CRIS) announced today the closing of its initial public offering of 23,000,000 units at a price of $10.00 per unit including 3,000,000 sold to the underwriters pursuant to the full exercise of their over-allotment option. CRIS is a special-purpose acquisition company (SPAC) created to combat the climate crisis by completing a business combination with a scalable company in the climate sector, and it launches with a team of founders and directors who collectively boast decades of leadership and operating experience in the utility, renewable energy, private equity and finance industries. The SPAC is co-sponsored by private funds affiliated with Pacific Investment Management Company LLC (PIMCO), which has nearly $150 billion in sustainability investments across its portfolios.
CRIS intends to employ a business acquisition strategy that utilizes both traditional financial and climate-focused environmental metrics to acquire and then to maximize both the value and the climate impact of the combined company. These companies may be in the business of either avoiding carbon emissions into the atmosphere from the residential, commercial or transportation sectors or in the business of removing CO2 already in the atmosphere.
CRIS expects our initial focus for a business combination will be in the following sectors:
CRIS founders chose these sectors with the goal of broad-based climate impact in mind, focusing on products and services that consumers interact with at home, in their work life and in transit. In addition to offering significant, measurable carbon mitigation impacts, these sectors encompass climate technologies that have already demonstrated commercial effectiveness and economic viability.
The CRIS founders and directors combine expertise across areas necessary for success in their targeted climate sectors, including but not limited to: experience at Fortune 500 companies in leadership, operations, capital formation and customer value strategies; tangible clean energy innovation and investment; authentic climate advocacy and robust networks of industry connections cultivated through decades of market and climate leadership. The team expects to be more than financial stewards and engineers of business acquisitions – CRIS leadership is dedicated to mentoring and supporting the acquisition target’s management, business strategy and operations in order to maximize impact. Key members of CRIS leadership include:
Management
Board of Directors:
“With each passing year, millions more Americans accept that climate change is a defining issue of our time and that, while we have to do our part, it is the obligation of this generation of American leadership to lead the effort to do something about it,” said David Crane, CRIS CEO and founder. “Over the past decade, American entrepreneurs have brought forth a wide array of exciting products and services which are clean, green, smart and affordable. We have formed Climate Real Impact Solutions to help those entrepreneurs gain access to the capital, the connections and the talent they need to take their businesses to the next level while amplifying their climate impact.”
Advisors
Citigroup, BofA Securities and Barclays acted as joint book-running managers for the offering. Academy Securities, Drexel Hamilton, R. Seelaus & Co., LLC, Roberts and Ryan and Siebert Williams Shank acted as co-managers. Ropes & Gray LLP served as counsel to CRIS and Davis Polk & Wardwell LLP served as counsel to the underwriters.
About Climate Real Impact Solutions
Climate Change Crisis Real Impact I Acquisition Corporation (NYSE: CLII.U), dba Climate Real Impact Solutions, is a special-purpose acquisition company (SPAC) formed to identify and acquire a scalable company making significant contributions to the fight against the climate crisis. The SPAC is led by a seasoned operations and leadership team with decades of experience at the intersection of climate change and capitalism.
Media:
Isaac Steinmetz
Director of Media Relations
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646-883-3655
LONDON--(BUSINESS WIRE)--#PrepregMarketinNorthAmerica--Technavio has been monitoring the prepreg market in North America and it is poised to grow by $ 955.83 mn during 2020-2024, progressing at a CAGR of almost 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. We offer $1000 worth of FREE customization
The market is concentrated, and the degree of concentration will accelerate during the forecast period. Celanese Corp., Gurit Holding AG, Hexcel Corp., Kaman Corp., Mitsubishi Chemical Holdings Corp., Park Electrochemical Corp., SGL Carbon SE, Solvay SA, Toray Industries Inc., and Yokohama Rubber Co. Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Demand for lightweight materials in the automotive sector has been instrumental in driving the growth of the market. However, the high cost of prepregs might hamper the market growth.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Download a Free Sample Report on COVID-19 Impacts
Prepreg Market in North America 2020-2024: Segmentation
Prepreg Market in North America is segmented as below:
Prepreg Market in North America 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The prepreg market in North America report covers the following areas:
This study identifies wind power capacity additions as one of the prime reasons driving the prepreg market growth in North America during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Prepreg Market in North America 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Market Segmentation by Type
Customer landscape
Geographic Landscape
Drivers, Challenges, and Trends
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Combination adds innovative cloud-native land management to Upstream On Demand portfolio
HOUSTON--(BUSINESS WIRE)--Quorum Software (Quorum), a Thoma Bravo portfolio company and the leader in digital transformation for the oil and gas industry, announced today that it has acquired Landdox, the leading innovator in cloud-first land technology. The acquisition brings together deep industry DNA and leading-edge architecture to empower energy companies to reimagine land management for the future.
“Over the last two decades, Quorum has become the de facto standard in enterprise land management,” said Gene Austin, chief executive officer at Quorum. “Where we excel in the breadth and depth of functionality for land management, Landdox shines at delivering accelerated innovation through cloud-native technologies and processes. Landdox aligns perfectly with, and in some areas already integrates with, our cloud-based SaaS applications for upstream, which means that we can deliver on the speed, power, and cost-savings potential of modern SaaS technologies quickly and comprehensively.”
A growing SaaS company, Landdox enhances Quorum’s capabilities through speed of innovation, adaptable business processes, and open software integration. Landdox’s cloud-native architecture enables customers to innovate faster in today’s rapidly changing world. Landdox includes self-service tools—customizable templates, user-defined provision and obligation tracking, and the ability to model any agreement or asset at scale— that make it easy to configure processes to adapt to the changing needs of the business. And finally, Landdox supports integration with a secure API that can be activated in minutes, without IT overhead or ongoing support.
Landdox will become a key component of Quorum Upstream On Demand, a true multi-tenant SaaS suite designed for upstream companies that need cost-effective solutions that are simple to deploy, easy to use, and do not require extensive IT resources to support. Upstream On Demand solutions include:
Landdox will serve as the land management foundation for the next phase of Quorum Upstream On Demand, which more than 600 companies rely on to power their oil and gas business operations.
“Quorum’s Upstream On Demand multi-tenant SaaS journey started five years ago with the introduction of our Microsoft Azure-based production application,” said Tyson Greer, chief product officer at Quorum. “Over the last five years, we delivered other key upstream SaaS applications. And now finally, with the Landdox acquisition, we have the industry’s most complete suite of SaaS products that allows us to not only innovate and reimagine land management but upstream operations as a whole.”
“When we founded Landdox five years ago, Bob Gates and I started with a vision for reimagining the way energy and infrastructure companies manage their core assets,” said James Yockey, co-founder of Landdox. “In a short time, Landdox succeeded in creating a cloud-based application platform that’s easily customizable, intuitively designed, and delights customers as much as it expands their operational range,” continued Yockey. “By joining Quorum, we can accelerate and expand on this vision, modernizing end-to-end solutions for upstream oil and gas and beyond.”
“Congratulations to Quorum and Landdox on uniting their strengths through this acquisition!” said Kurt P. Kemmerly, chief customer officer at ThoughtTrace. Combining ThoughtTrace data with land system data improves the quality of information going into critical decisions, and we are excited to continue deepening our platform integrations to serve our combined customers better.”
Quorum provides integrated solutions for its customers’ core processing demands across the upstream, midstream and downstream segments of the oil and gas value chain. The company’s portfolio of innovative software addresses a broad spectrum of energy companies’ needs, from operations to accounting, plant management, and financial forecasting. Quorum is the preferred software provider to over 75% of the largest oil and gas producers in the United States, and its technology powers 80,000 miles of pipeline and accounts for 80% of all natural gas processed in the U.S.
Kirkland & Ellis, LLP was legal advisor to Thoma Bravo. Reiter, Brunel & Dunn, PLLC was legal advisor to Landdox. Financial details of the acquisition were not disclosed.
About Quorum Software
Quorum offers an industry-leading portfolio of finance, operations and accounting software that empowers energy companies of all sizes to conquer their most complex business challenges. From the field to the back office, defying complexity is coded in our DNA and our software. This unmatched experience is why Quorum is the choice of eight of the largest public energy companies worldwide, 75 percent of LNG exporters throughout North America and 80 percent of all natural gas processed in the United States. Designed for digital transformation, the myQuorum software platform delivers open standards, mobile-first design and cloud technologies to empower innovation at the speed of thought. At Quorum, we’re helping visionary leaders transform their business, and the energy industry, for a digital world. For more information, visit quorumsoftware.com.
About Landdox
Landdox is a growth-stage SaaS company that reimagines the way energy and infrastructure companies manage their core assets. Our flagship product is a cloud-based application that is easily customizable, intuitively designed, and delights customers as much as it expands their operational range. Landdox is scrappy and keenly focused on delivering such compelling software and services that customers switch to our platform and gladly grow with us. Learn more at landdox.com.
About Thoma Bravo
Thoma Bravo is a leading private equity firm focused on the software and technology-enabled services sectors. With a series of funds representing more than $50 billion in capital commitments, Thoma Bravo partners with a Company's management team to implement operating best practices, invest in growth initiatives and make accretive acquisitions intended to accelerate revenue and earnings, with the goal of increasing the value of the business. The firm has offices in San Francisco and Chicago. For more information, visit www.thomabravo.com.
Jenna Billings
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PARIS--(BUSINESS WIRE)--Since its creation in 1973, ESI Group, leading innovator in Virtual Prototyping software and services for manufacturing industries, has been committed to addressing the operational performance of industrial products during their entire lifecycle, from launch to disposal.
Leveraging the physics of materials and using new technologies such as artificial intelligence and data mining, ESI is able to predict products’ performance and anticipate their maintenance requirements, in interaction with their environment. The approach aims to eliminate the need for physical tests and prototypes and reduce downtime. " Manufacturing and testing a real prototype is long and expensive for an industrialist. In addition, they need to set up specific test facilities that most of the time cannot be reused for other physical prototypes, which constitutes an additional cost. The use of virtual prototypes allows to overcome these constraints while increasing agility, efficiency and performance.", explains Emmanuel Leroy, Executive Vice President - Industry Solutions at ESI Group.
This innovative methodology based on virtual prototyping is effective for our customers:
Furthermore, environmental regulations are pushing manufacturers to undertake change and focus on performance. ESI supports companies to face a major challenge: successfully innovating and transforming their models to meet consumers’ expectations while maintaining their levels of growth and profitability.
The race to electric vehicles is another example of the relevance of this approach. ESI helps industrial players to develop their projects while maintaining ever tighter deadlines without compromising the safety or comfort of occupants.
The 75th session of the United Nations General Assembly, one of the main highlights of September 2020, was an opportunity for leaders, including Cristel de Rouvray, CEO of ESI Group, among other CEOs from more than 100 countries, to reaffirm their commitment to multilateralism and the values of the Global Compact, by signing the United Nations Global Compact Statement.
About ESI Group
Founded in 1973, ESI Group is a leading innovator in Virtual Prototyping solutions and a global enabler of industrial transformation. Thanks to the company’s unique know-how in the physics of materials, it has developed and refined, over the last 45 years, advanced simulation capabilities. Having identified gaps in the traditional approach to Product Lifecycle Management (PLM), ESI has introduced a holistic methodology centered on industrial productivity and product performance throughout its entire lifecycle, i.e. Product Performance Lifecycle™, from engineering to manufacturing and in operation. Present in more than 20 countries, and in major industrial sectors, ESI employs 1200 high level specialists. In 2019, its turnover was 146M€. ESI is headquartered in France and is listed on compartment B of Euronext Paris. For further information, go to www.esi-group.com.
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DUBLIN--(BUSINESS WIRE)--The "Global and China Fuel Cell Industry Report, 2020" report has been added to ResearchAndMarkets.com's offering.
China is Close to Its Leading Peers in Fuel Cell System and Engine
Fuel cell engine system is comprised of fuel cell engine, voltage converter (DC/DC) and vehicle hydrogen system, of which fuel cell engine packs such core components as stack, engine controller, hydrogen supply system and air supply system.
At present, China has come near to global leaders in fuel cell system and engine. In terms of fuel cell engine technology, fuel cell vehicles have been mature enough to be commercialized, with service life of fuel cells for commercial vehicles longer than 20,000 hours, meeting basic needs of vehicles for running; China's hydrogen fuel cell engine system leads the world in several parameters, e.g., power density.
Notably, on July 21, 2020, VISH-130A, a fuel cell engine of Wuhan HydraV Fuel Cell Technologies Co., Ltd. (under Vision Group), passed the certification of China Automotive Technology and Research Center Co., Ltd. (CATARC) and China National Accreditation Service for Conformity Assessment (CNAS), with stack power up to 145kW and engine system net output of 130kW. VISH-130A boasts the maximum power among hydrogen fuel cell engines having been certified by the CNAS so far.
China Remains Weak in Core Components and Materials of Fuel Cell with Heavy Dependence on the Imported
Although with the world's advanced fuel cell engine technology, China still has weak foundation in supply chain of fuel cell engine system, having yet to build a mature components supply system. The country still needs to import most of core components and key materials including catalyst, proton exchange membrane and carbon paper, and falls far behind its foreign counterparts in technologies from membrane electrode and bipolar plate to air compressor and hydrogen circulation pump. Chinese companies still need breakthroughs in basic materials, core technologies and key components, especially in commercialization of key parts like membrane electrode.
Fuel cell catalyst: it should perform very well in properties such as activity, stability and durability and could develop into a commercial product mature enough to be mass-produced only after long-term application. Now in China, catalyst verified abroad is the first option, mainly low platinum loading catalyst with high quality and high activity; homemade catalyst test is under way at the same time.
In the global fuel cell catalyst market, Toyota uses subsidiaries' catalyst for fuel cell vehicles; Hyundai chooses fuel cell catalyst of a local producer (acquired by Umicore) in South Korea; Honda's catalyst for fuel cell vehicles is supplied by TANAKA Precious Metals; Chinese fuel cell vehicles use catalyst from TANAKA Precious Metals and Johnson Matthey.
Proton exchange membrane (PEM) is the core component of a proton exchange membrane fuel cell, accounting for 30% of the entire fuel cell stack cost; and its quality determines the lifespan of the fuel cell. PEM basically transmits protons, ensure the passage of protons, and intercept electrons, hydrogen molecules, water molecules, etc., guaranteeing the performance and service life of the stack.
Concerning proton conductivity or stability, perfluorosulfuric acid membrane is the best option for the current automotive proton exchange membrane. Dongyue Group is the sole Chinese enterprise that has realized the industrialization of perfluorinated ion exchange resin, perfluorosulfonic acid proton membrane and ETFE and that can compete with foreign companies Gore and Chemours in proton exchange membrane.
Moreover, fuel cell carbon paper/powder is totally dependent on imports. Carbon powder is cheap and may well be completely imported, but from a technical point of view, the inadequate technical research on carbon materials and the weak foundation will have implications for entire research equipment of the fuel cell system in China.
In recent years, there have emerged a number of suppliers of core fuel cell components in China, but they are still heavily reliant on exports, and their technical level of core components needs improving.
Key Topics Covered:
1 Fuel Cell System
1.1 Fuel Cell System and Fuel Cell Vehicle (FCV)
1.2 Fuel Cell Industry Chain
1.3 Hydrogen Refueling Station
1.4 Fuel Cell Supply Chain and Level of Industrial Development
2 Status Quo and Planning of Global and China Fuel Cell Market
2.1 Fuel Cell Vehicle (FCV) Production and Sales in China
2.2 China's Policy and Planning for Fuel Cell Vehicle (FCV)
2.3 China's Policy and Planning for Hydrogen Energy
2.4 Global Fuel Cell Industry Development and Trends
2.5 Global Development and Trends of Fuel Cell Vehicle (FCV)
2.6 Fuel Cell Industry Development in Japan
2.7 Fuel Cell Industry Development in the United States
2.8 Fuel Cell Industry Development in Europe
2.9 Fuel Cell Industry Development in South Korea
3 Application of Fuel Cell in Segment Scenarios
3.1 China's Clear Development Roadmap of Fuel Cell Vehicle
3.2 China's Development Plan for Fuel Cell Commercial Vehicle
3.3 China Fuel Cell Heavy Truck Industry
3.4 China Fuel Cell Bus Industry
3.5 China Fuel Cell Logistics Vehicle Industry
3.6 Application Status of Fuel Cell Forklift Worldwide
3.7 Global Fuel Cell Passenger Car Industry
3.8 Global and China Fuel Cell Train Industry
3.9 Global and China Fuel Cell Ship Industry
4 Global Fuel Cell Patents
4.1 Global Fuel Cell Patent Filings and Authorization Trend
4.2 Legal Status and Types of Global Fuel Cell Patents
4.3 Distribution of Global Fuel Cell Patents by Country/Region
4.4 Distribution of Global Fuel Cell Patents by Target Market
4.5 Global Fuel Cell Patent Filings and Authorization Trend
4.6 Distribution of China Fuel Cell Patent Filings by Region
4.7 Technical Composition of Global Fuel Cell Patents
4.8 Distribution of Global Fuel Cell Patent Technologies and Applicants by Region
4.9 Global Fuel Cell Patent Applicants
4.10 Global Fuel Cell Patent Inventors
4.11 Value Analysis of Global Fuel Cell Patents
4.12 Value Analysis of Global Fuel Cell Patents
5 Foreign Fuel Cell Suppliers
5.1 Plug Power
5.2 Ballard Power
5.2.1 Ballard Power
5.3 Nikola
5.4 HYGS
5.5 FuelCell
5.6 SFC Power
5.7 Arcola Energy
5.8 Bloom Energy
6 Leading Chinese Fuel Cell Suppliers
6.1 Beijing Sinohytec
6.2 Sunrise Power
6.3 Vision Group
6.4 Re-Fire
6.5 Shanghai Shenli Technology
6.6 SinoSynergy Power
6.7 Foresight Energy
6.8 Horizon Fuel Cell Technologies
6.9 Weichai Power
6.10 Broad-Ocean Motor
For more information about this report visit https://www.researchandmarkets.com/r/vupw68
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DALLAS--(BUSINESS WIRE)--Kosmos Energy (NYSE/LSE: KOS) (“Kosmos” or the “Company”) announced today that it has closed a Gulf of Mexico facility with Beal Bank USA and Trafigura Trading LLC (“Trafigura”).
Kosmos has restructured its previously announced Gulf of Mexico prepayment facility into a five-year $200 million term-loan facility secured against the Company’s U.S. Gulf of Mexico assets. The $50 million advanced under the prepayment agreement with Trafigura announced in June has been rolled into the new facility, structured by CSG Investments, Inc., with the remaining $150 million provided by Beal Bank. The facility, which has an interest rate of approximately 6%, increases the company’s borrowing capacity by $50 million from the initial prepayment agreement, extends the tenor to five years and includes an accordion feature allowing the facility to be expanded up to $300 million.
“The closing and syndication of the Gulf of Mexico facility enhances the company’s strong liquidity position with access to low-cost, flexible financing. Along with free cash generated by our low-cost production assets and proceeds of the recent Shell transaction expected this quarter, the company’s balance sheet is expected to strengthen into 2021,” said Neal Shah, Chief Financial Officer.
As of September 30, 2020, following the closing of the Gulf of Mexico facility, the Company has approximately $650 million of available liquidity ahead of the conclusion of the fall RBL redetermination which we expect to conclude shortly.
About Kosmos Energy
Kosmos is a full-cycle deepwater independent oil and gas exploration and production company focused along the Atlantic Margins. Our key assets include production offshore Ghana, Equatorial Guinea and U.S. Gulf of Mexico, as well as a world-class gas development offshore Mauritania and Senegal. Kosmos is listed on the New York Stock Exchange and London Stock Exchange and is traded under the ticker symbol KOS. As an ethical and transparent company, Kosmos is committed to doing things the right way. The Company’s Business Principles articulate our commitment to transparency, ethics, human rights, safety and the environment. Read more about this commitment in our Corporate Responsibility Report. For additional information, visit www.kosmosenergy.com.
About CSG Investments, Inc. / Beal Bank / Beal Bank USA
CSG Investments, Inc. (“CSG”) is a global buy-and-hold institution headquartered in Dallas, Texas. CSG provides flexible capital solutions for all types of commercial and industrial customers. CSG is an affiliate of Beal Bank and Beal Bank USA and is a direct, one-stop source of capital for up to $600 million per transaction. For additional information, visit https://www.csginvestments.com. Beal Bank, based in Plano, Texas, and Beal Bank USA, based in Las Vegas, Nevada, are part of Beal Financial Corporation, one of the nation’s largest privately owned financial institutions. Both banks have a well-earned reputation as stable, strongly capitalized financial institutions, with combined total assets in excess of $10 billion as of June 30, 2020. For additional information, visit https://www.bealbank.com/
About Trafigura
Founded in 1993, Trafigura is one of the largest physical commodities trading groups in the world. Trafigura sources, stores, transports and delivers a range of raw materials (including oil and refined products and metals and minerals) to clients around the world. The trading business is supported by industrial and financial assets, including 49.3 percent owned global oil products storage and distribution company Puma Energy; global terminals, warehousing and logistics operator Impala Terminals; Trafigura's Mining Group; and Galena Asset Management. The Company is owned by over 700 of its 8,000 employees who work in 80 offices in 41 countries around the world. For additional information, visit https://www.trafigura.com
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Kosmos expects, believes or anticipates will or may occur in the future are forward-looking statements. Kosmos’ estimates and forward-looking statements are mainly based on its current expectations and estimates of future events and trends, which affect or may affect its businesses and operations. Although Kosmos believes that these estimates and forward-looking statements are based upon reasonable assumptions, they are subject to several risks and uncertainties and are made in light of information currently available to Kosmos. When used in this press release, the words “anticipate,” “believe,” “intend,” “expect,” “plan,” “will” or other similar words are intended to identify forward-looking statements. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Kosmos, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. Further information on such assumptions, risks and uncertainties is available in Kosmos’ Securities and Exchange Commission (“SEC”) filings. Kosmos undertakes no obligation and does not intend to update or correct these forward-looking statements to reflect events or circumstances occurring after the date of this press release, except as required by applicable law. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.
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DALLAS--(BUSINESS WIRE)--Navigator Borger Express LLC, an affiliated company of Navigator Energy Services (Navigator), announced today the launch of a binding open season on its Borger Express pipeline system (Borger Express), to provide shippers the opportunity to secure crude oil transportation services from Cushing, Oklahoma to Borger, Texas. Prior to participating in the open season, interested parties must execute a confidentiality agreement to govern the receipt of the open season documentation. All potential shippers must submit binding commitments for service on the Borger Express pipeline by 12:00 p.m. Central Standard Time on November 5, 2020.
The Borger Express pipeline will provide the new services by utilizing approximately 180 miles of an existing crude oil pipeline, and constructing nearly 200 miles of new, 16-inch diameter pipeline from Cleo Springs, Oklahoma to Borger. The project will provide shippers with critical transportation services for numerous grades of light and heavy crude oil from the Cushing storage hub to third party storage and a regional refinery in Borger. Subject to receipt of sufficient shipper commitments and all necessary permits and approvals, Borger Express is expected to be placed in service in first quarter of 2022.
Subject to the specific terms of the open season, incentive rates, priority access and certain other service incentives will be available to shippers making long-term commitments. The Notice of Open Season is available on Borger Express’s website at www.borgerexpress.com. More information about the open season and Borger Express is also available by contacting Navigator’s Chief Commercial Officer, Laura McGlothlin, at (214) 880-6003 or This email address is being protected from spambots. You need JavaScript enabled to view it..
About Navigator Energy Services Headquartered in Dallas, Navigator Energy Services provides oil producers with comprehensive midstream services including crude oil gathering, transportation and storage. Navigator is focused on domestic midstream opportunities in both developing and mature producing areas. More information is available at www.navigatorenergyservices.com.
Meredith Hargrove Howard
Redbird Communications Group
(210) 737-4478
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LONDON--(BUSINESS WIRE)--#Globalshipbuildingmarket--Technavio has been monitoring the shipbuilding market and it is poised to grow by $14.36 bn during 2020-2024, progressing at a CAGR of almost 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts
Frequently Asked Questions:
The market is concentrated, and the degree of concentration will accelerate during the forecast period. BAE Systems Plc, Daewoo Shipbuilding & Marine Engineering Co. Ltd., Damen Shipyards Group, Fincantieri Spa, General Dynamics Corp., Huntington Ingalls Industries Inc., Hyundai Heavy Industries Holdings Co. Ltd., Oshima Shipbuilding Co. Ltd., Samsung Heavy Industries Co. Ltd., and Sumitomo Heavy Industries Ltd. are some of the major market participants. The increasing seaborne trading will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Shipbuilding market 2020-2024: Segmentation
Shipbuilding market is segmented as below:
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Shipbuilding market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The shipbuilding market report covers the following areas:
This study identifies the growing number of passenger cruise as one of the prime reasons driving the shipbuilding market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Shipbuilding market 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Customer landscape
Geographic Landscape
Drivers, Challenges, and Trends
Vendor Landscape
Vendor Analysis
Appendix
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PRINCETON, N.J.--(BUSINESS WIRE)--NRG Energy (NYSE: NRG) today announced the appointment of a new Independent Director, Elisabeth (Lisa) Donohue, to its Board of Directors effective October 5, 2020. As a member of the Company’s Board of Directors, Ms. Donohue will also serve on the Board’s Finance & Risk Management and Audit Committees.
“The Board is pleased to welcome Ms. Donohue as our newest Independent Director; Lisa’s distinguished consumer- and digital-focused career will bring valuable diversity of thought and expertise to the Board as the Company advances its transformation by moving closer to the customer,” said Lawrence Coben, NRG Board Chairman. “This appointment demonstrates our deliberate commitment to Board refreshment through achieving greater diversity in experience and backgrounds to help the Company execute on its long-term strategy; Lisa marks the 5th new independent director to join NRG’s Board over the last three years.”
The appointment of Ms. Donohue expands the Board to 11 members; 10 of whom are independent and 7 of which are gender and/or ethnically diverse.
About the new Director:
Elisabeth (Lisa) B. Donohue
Ms. Elisabeth B. (Lisa) Donohue, age 55, recently retired from Publicis Groupe, the world’s third largest communications company where she spent 32 years advising clients on their consumer marketing efforts and business transformation. Her most recent role included serving as the chief executive officer of Publicis Spine, a data and technology start up launched by Publicis Groupe in October 2017. From April 2016 to October 2017, Ms. Donohue served as Global Brand President of the media communications agency Starcom Worldwide. From 2009 through 2016, Ms. Donohue served as chief executive officer of Starcom USA, where she drove Starcom’s digital offering and built the agency’s data and analytics practice. Ms. Donohue plays leadership roles on two non-profit boards. She is currently President of the Board of Trustees of Milton Academy based in Milton, Massachusetts and immediate past Board President of She Runs It based in New York City. She is also a director of Synacor, a NASDAQ listed company, where she serves as the chair of the compensation committee and as a member of the audit committee. Ms. Donohue graduated from Brown University with a B.A. in both Organizational Behavior & Management and Business Economics.
About NRG
At NRG, we’re bringing the power of energy to people and organizations by putting customers at the center of everything we do. We generate electricity and provide energy solutions and natural gas to more than 3.7 million residential, small business, and commercial and industrial customers through our diverse portfolio of retail brands. A Fortune 500 company, operating in the United States and Canada, NRG delivers innovative solutions while advocating for competitive energy markets and customer choice, and by working towards a sustainable energy future. More information is available at www.nrg.com. Connect with NRG on Facebook, LinkedIn and follow us on Twitter @nrgenergy, @nrginsight.
Investors:
Kevin L. Cole, CFA
Investor Relations
609.524.4526
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Corporate Communications
NRG Energy
609.455.3777
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