TORONTO--(BUSINESS WIRE)--Superior Plus Corp. (“Superior”) (TSX:SPB) is pleased to announce that one of its wholly-owned subsidiaries has entered into an agreement to acquire the assets of a retail propane and heating oil distribution company based in New Hampshire, operating under the tradename, Rymes Propane and Oil (“Rymes”) for an aggregate purchase price of approximately US $159 million (CDN $210 million) before adjustments for working capital (the “Acquisition”). Superior anticipates drawing on its credit facility to fund the amount of the purchase price due on closing.
The Acquisition, which is subject to customary regulatory and commercial closing conditions, is anticipated to close by September 30, 2020.
Acquisition Highlights
Founded in 1969 by James T. Rymes, Sr. and Carol Rymes, Rymes is an established independent family owned and operated retail propane and heating oil distributor servicing approximately 88,000 residential and commercial customers primarily in New Hampshire, Maine, Massachusetts and Vermont. Rymes has 46 operating locations, approximately 3 million gallons of storage capacity, a fleet of 350 vehicles and approximately 370 employees.
New Hampshire is an attractive propane distribution market for Superior to expand its footprint. Based on management estimates and independent third-party research, the New Hampshire retail propane distribution market has approximately 185 million gallons of demand and an opportunity for further industry consolidation as the market is highly fragmented with over 50 independent propane retailers operating in the state.
During the year ended December 31, 2019, Rymes earned approximately US $20 million (CDN $26 million) in Adjusted EBITDA. On a normalized basis, including the achievement of expected synergies and weather consistent with the five-year average, we expect Rymes to generate approximately US $27 million (CDN $36 million) in Adjusted EBITDA on a run-rate basis 18 months following the close of the Acquisition.
“We are very pleased to enter into this transaction which expands our U.S. propane distribution business in the Northeast U.S.,” said Luc Desjardins, Superior’s President and CEO. “Rymes is a solid business and we look forward to welcoming the team to Superior and continuing to provide outstanding customer service to their customers. The acquisition of Rymes is our third acquisition in 2020 and increases the total value of acquisitions in 2020 to approximately $270 million.”
About the Corporation
Superior consists of three primary operating businesses: Canadian Propane Distribution and U.S. Propane Distribution, which include the distribution of propane and distillates, and supply portfolio management; and Specialty Chemicals, which includes the production and sale of specialty chemicals.
For further information about Superior, please visit our website at: www.superiorplus.com or contact: Beth Summers, Executive Vice President and Chief Financial Officer, Tel: (416) 340-6015, or Rob Dorran, Vice President, Investor Relations and Treasurer, Tel: (416) 340-6003, E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it., Toll Free: 1-866-490-PLUS (7587).
Non-GAAP Financial Measures
In this press release, Superior has used the following terms that are not defined by International Financial Reporting Standards (“Non-GAAP Financial Measures”), but are used by management to evaluate the performance of Superior and its business: Adjusted earnings before interest, taxes, depreciation and amortization (“Adjusted EBITDA”) and Total Debt to Adjusted EBITDA leverage ratio. These measures may also be used by investors, financial institutions and credit rating agencies to assess Superior’s performance and ability to service debt. Non-GAAP financial measures do not have standardized meanings prescribed by GAAP and are therefore unlikely to be comparable to similar measures presented by other companies. Securities regulations require that Non-GAAP financial measures are clearly defined, qualified and reconciled to their most comparable GAAP financial measures. Except as otherwise indicated, these Non-GAAP financial measures are calculated and disclosed on a consistent basis from period to period. Specific items may only be relevant in certain periods. See “Non-GAAP Financial Measures” in Superior’s most recent Management Discussion and Analysis (“MD&A”) for a discussion of Non-GAAP financial measures and certain reconciliations to GAAP financial measures.
The intent of Non-GAAP financial measures is to provide additional useful information to investors and analysts, and the measures do not have any standardized meaning under IFRS. The measures should not, therefore, be considered in isolation or used in substitute for measures of performance prepared in accordance with IFRS. Other issuers may calculate Non-GAAP financial measures differently. Investors should be cautioned that Adjusted EBITDA should not be construed as an alternative to net earnings, cash flow from operating activities or other measures of financial results determined in accordance with GAAP as an indicator of Superior’s performance. Non-GAAP financial measures are identified and defined as follows:
Adjusted EBITDA
Adjusted EBITDA represents earnings before interest, taxes, depreciation, amortization, losses (gains) on disposal of assets, finance expense, restructuring costs, transaction and other costs, and unrealized gains (losses) on derivative financial instruments. Adjusted EBITDA is used by Superior and investors to assess its consolidated results and ability to service debt. Adjusted EBITDA is reconciled to net earnings before income taxes.
Total Debt to Adjusted EBITDA Leverage Ratio and Pro Forma Adjusted EBITDA
Adjusted EBITDA for the Total Debt to Adjusted EBITDA Leverage Ratio is defined as Adjusted EBITDA calculated on a 12-month trailing basis giving pro forma effect to acquisitions and dispositions adjusted to the first day of the calculation period (“Pro Forma Adjusted EBITDA”). Pro Forma Adjusted EBITDA is used by Superior to calculate its Total Debt to Adjusted EBITDA Leverage Ratio.
To calculate the Total Debt to Adjusted EBITDA Leverage Ratio divide the sum of borrowings before deferred financing fees and lease liabilities by Pro Forma Adjusted EBITDA. Total Debt to Adjusted EBITDA Leverage Ratio is used by Superior and investors to assess its ability to service debt.
Forward Looking Information
This news release contains certain forward-looking information and statements that are based on Superior’s current expectations, estimates, projections and assumptions in light of its experience and its perception of historical trends. In this news release, such forward-looking information and statements can be identified by terminology such as “approximately”, "anticipated”, “will”, and similar expressions. In particular, this news release contains forward-looking statements with respect to, among other things, the successful completion of the Acquisition and the timing thereof; expected benefits of the acquisition, the expected impact of the Acquisition on 2020 Adjusted EBITDA, estimated run-rate Adjusted EBITDA of the Acquisition, and the expected Total Debt to Adjusted EBITDA leverage ratio following completion of the Acquisition.
Superior believes the expectations reflected in such forward-looking information are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon. Forward-looking information herein is based on various assumptions and expectations that Superior believes are reasonable in the circumstances. No assurance can be given that these assumptions and expectations will prove to be correct. Those assumptions and expectations are based on information currently available to Superior, including information obtained from third party industry analysts and other third party sources, and the historic performance of Superior and Rymes. Such assumptions include anticipated financial performance, weather consistent with the 5 year historical average, the amount of, and timing to achieve, the potential synergies from the Acquisition, satisfaction of conditions to closing of the Acquisition and current business and economic trends, and are subject to the risks and uncertainties set forth below. Readers are cautioned that the preceding list of assumptions is not exhaustive. Forward-looking information is not a guarantee of future performance.
By its very nature, forward-looking information involves inherent assumptions, risks and uncertainties, both general and specific, and risks that predictions, forecasts, projections and other forward looking information will not be achieved, including risks relating to satisfaction of the conditions to, and completion of, the Acquisition as well as incorrect assessments of value when making acquisitions, counterparty risk, compliance with environmental laws and regulations, reduced customer demand, operational risks, risks related to the Covid-19 pandemic, force majeure, labour relations matters, and the risks identified under the heading “Risk Factors” in Superior’s current annual information form and management’s discussion and analysis. The preceding list of assumptions, risks and uncertainties is not exhaustive. Should one or more of these risks and uncertainties materialize, or should assumptions described above prove incorrect, actual results in future periods may differ materially from any projections of future performance or results expressed or implied by such forward-looking information. We caution readers not to place undue reliance on this information as a number of important factors could cause the actual results to differ materially from the beliefs, plans, objectives, expectations and anticipations, estimates and intentions expressed in such forward-looking information. Forward-looking information contained in this news release is provided for the purpose of providing information about management’s goals, plans and range of expectations for the future and may not be appropriate for other purposes. Any forward-looking information is made as of the date hereof and, except as required by law, Superior does not undertake any obligation to publicly update or revise such information to reflect new information, subsequent or otherwise.
Beth Summers Executive Vice President and Chief Financial Officer
Phone: (416) 340-6015
Rob Dorran Vice President, Investor Relations and Treasurer
Phone: (416) 340-6003
Toll Free: 1-866-490-PLUS (7587)
Favorable government policies will drive the market growth during the forecast period.
LONDON--(BUSINESS WIRE)--#AdvancedBiofuelMarket--The advanced biofuel market is expected to register a CAGR of over 45% during 2020-2024, as per the latest research report by Technavio. The report offers detailed analysis about the impact of COVID-19 pandemic on the market in optimistic, probable, and pessimistic forecast scenarios.
Request for Technavio’s market report estimates including pre- and post-COVID-19 impact on advanced biofuel market. Download free report sample on the impact of COVID-19 pandemic analysis.
Due to the extensive spread of the virus across the globe, the Energy Industry is anticipated to have Negative & Indirect impact. The advanced biofuel market will showcase neutral impact during 2020-2024.
Advanced Biofuel Market 2020-2024: Segmentation
Advanced Biofuel Market is segmented as below:
North America region will account for the highest incremental growth during the forecast period due to the extensive support extended by countries in the region and the availability of land to produce the feedstock.
View report snapshot before purchasing
Rising concerns for food security has been an instrumental factor in influencing the growth of the advanced biofuel market. Other market drivers include environment and energy security. Technavio offers custom research analysis on the crucial pointers to highlight the impact of COVID-19 on the market across the supply chain.
Key Considerations for Market Forecast
Get more insights about the global trends impacting the future of advanced biofuel market, get free sample at: https://www.technavio.com/talk-to-us?report=IRTNTR43455
Advanced Biofuel Market 2020-2024: Vendor Analysis
The market is concentrated. Key players in the market have been launching several initiatives and introducing innovative products and services to cater to a larger target audience during the pandemic. Major market participants include Abengoa SA, Bangchak Corp. Public Co. Ltd., DuPont de Nemours Inc., ENERKEM Inc., Goteborg Energi AB, GranBio, POET-DSM Advanced Biofuels LLC, Renewable Energy Group Inc., Royal Dutch Shell Plc, and UPM-Kymmene Corp.
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TOC
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Type
Customer landscape
Geographic Landscape
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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COVID-19 complicating EMV implementation, putting fuel merchants at risk for fraud losses
NAPLES, Fla.--(BUSINESS WIRE)--#Merchants--New data from ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time digital payment software and solutions, highlights that as of July 2020, nearly 50 percent (47%) of major fuel merchants are unprepared to meet EMV automated fuel dispenser (AFD) compliance by the new April 2021 deadline (extended from October 2020) with less than half their stores fully upgraded. The survey indicated that 33 percent are unlikely to meet the deadline, at which point fraud liability is expected to shift from card issuers to fuel merchants.
The data includes survey responses from fuel merchants that collectively represent 46,000 gas stations nationwide—major oil companies, grocers and convenience stores. While almost half are nowhere near ready, nearly 70 percent (67%) expect to be ready by the April 2021 deadline, and nearly all (97%) expect to be ready before the end of next year. A third of the major fuel and convenience merchants surveyed have fully implemented EMV across their gas stations, and another 20 percent are more than halfway toward full implementation.
“EMV is a major undertaking for fuel merchants, and one of the largest hurdles is the capital investment required. However, it is imperative for fuel merchants to progress with implementation since many consumers pay for gas with credit cards, and non-EMV card readers are vulnerable to fraud,” said Debbie Guerra, executive vice president, ACI Worldwide. “Without EMV implementation, these merchants stand to face major fraud losses, which is further complicated by the impact of COVID-19 on businesses. Those that don’t meet the deadline can unfortunately expect increased chargebacks and higher fraud costs as they become targets for fraudsters.”
Key Findings:
EMV readiness
EMV deployment by April 2021
Data security and fraud
Digital payments and additional improvements
Download the insight paper, How Fuel Merchants Can Deliver on the Convenience Promise, and the EMV Readiness Survey Infographic for more information.
About ACI Worldwide
ACI Worldwide powers digital payments for more than 6,000 organizations around the world. More than 1,000 of the largest financial institutions and intermediaries, as well as thousands of global merchants, rely on ACI to execute $14 trillion each day in payments and securities. In addition, myriad organizations utilize our bill presentment and payment services. Through our comprehensive suite of software solutions delivered on customers’ premises, through the public cloud or through ACI’s private cloud, we provide real-time payment capabilities and enable the industry’s most complete omni-channel payments experience.
© Copyright ACI Worldwide, Inc. 2020
ACI, ACI Worldwide, ACI Payments, Inc., ACI Pay, Speedpay and all ACI product/solution names are trademarks or registered trademarks of ACI Worldwide, Inc., or one of its subsidiaries, in the United States, other countries or both. Other parties’ trademarks referenced are the property of their respective owners.
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DUBLIN--(BUSINESS WIRE)--The "Advanced Process Control - Global Market Outlook (2019-2027)" report has been added to ResearchAndMarkets.com's offering.
The Global Advanced Process Control market accounted for $15.03 billion in 2019 and is expected to reach $35.38 billion by 2027, growing at a CAGR of 11.3% during the forecast period.
Some of the key factors propelling market growth include growing emphasis of end use industries such as petrochemical and nuclear power on safety, improvement and optimization of their processes, increasing importance of regulatory compliance, rising safety and security concerns and inclination of enterprises toward energy-efficient processes. However, lack of data control and improper or non-maintenance of APC are restraining market growth.
By end user, the oil and gas segment is expected to witness significant growth over the forecast period as well owing to the high adoption of APC systems in the industry. This can be attributed to the fact that processing operations in the oil and gas industry are complex and need to be regulated on a real-time basis. Earlier, computation of the complex data associated with various operations required to be manually done, which was often associated with a vast scope of error. To avoid these manual errors, the oil and gas industry has started adopting advanced process controls and is likely to remain a leading end user of APC systems in the near future as well.
On the basis of geography, Asia Pacific is expected to emerge as the significant-growing regional APC market due to the increasing demand for advanced process control tools from various end-use industries. The growth of industries such as paints and coatings, pharmaceutical and chemical in emerging economies such as India and China is playing a significant role in the overall development of the market. Moreover, growing environmental awareness among end use industries and strict legal regulations are also driving the adoption of advanced process control systems in the region.
Some of the key players in advanced process control market include Siemens, Aspen Technology, ABB, Panasonic Corporation, Rockwell Automation, Schneider Electric, Rudolph Technologies, Emerson Electric Co., Yokogawa Electric Corporation, Honeywell International Inc, General Electric Co., SGS Group, Mavtech Technologies, ARC Advisory Group, LayTec and FLSmidth.
What the report offers:
Key Topics Covered
1 Executive Summary
2 Preface
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of COVID-19
4 Porters Five Force Analysis
5 Global Advanced Process Control Market, By Product
5.1 Introduction
5.2 Software
5.2.1 Standalone APC Software
5.2.2 Customized APC Software
5.3 Service
5.3.1 Consulting Services
5.3.2 Operation and Maintenance Services
5.3.3 Training Services
5.4 Hardware
5.4.1 Computing Systems
5.4.2 Control Systems
5.4.3 Interface and Display
6 Global Advanced Process Control Market, By End User
6.1 Introduction
6.2 Mining, Minerals, and Metals
6.3 Food & Beverages
6.4 Energy & Power
6.5 Oil and Gas
6.6 Chemicals
6.7 Pharmaceuticals
6.8 Petrochemicals
6.9 Water & Wastewater
6.10 Paper & Pulp
6.11 Semiconductors
6.12 Manufacturing
6.13 Automobiles
7 Global Advanced Process Control Market, By Type
7.1 Introduction
7.2 Sequential Control
7.3 Compressor Control
7.4 Advanced Regulatory Control
7.5 Multivariable Model Predictive Control (MPC)
7.6 Inferential Control
7.7 Nonlinear MPC
8 Global Advanced Process Control Market, By Algorithm
8.1 Introduction
8.2 Intelligent Control
8.2.1 Fuzzy Control
8.2.2 Neuro-Fuzzy
8.2.3 Neuro Control
8.3 Model Predictive Control
8.4 Adaptive Control
9 Global Advanced Process Control Market, By Component
9.1 Introduction
9.2 Run-to-Run Control
9.3 Statistical Process Control
9.4 Fault Detection and Classification
10 Global Advanced Process Control Market, By Geography
10.1 Introduction
10.2 North America
10.3 Europe
10.4 Asia Pacific
10.5 South America
10.6 Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Siemens
12.2 Aspen Technology
12.3 ABB
12.4 Panasonic Corporation
12.5 Rockwell Automation
12.6 Schneider Electric
12.7 Rudolph Technologies
12.8 Emerson Electric Co.
12.9 Yokogawa Electric Corporation
12.10 Honeywell International Inc.
12.11 General Electric Co.
12.12 SGS Group
12.13 Mavtech Technologies
12.14 ARC Advisory Group
12.15 LayTec
12.16 FLSmidth
For more information about this report visit https://www.researchandmarkets.com/r/480s2y
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Surge in Energy Demand will drive the market growth during the forecast period
LONDON--(BUSINESS WIRE)--#GlobalSubseaUmbilicalsRisersandFlowLinesSURFMarket--The subsea umbilicals, risers, and flow lines market is expected to register a CAGR of almost 5% during 2020-2024, as per the latest research report by Technavio. The report offers detailed analysis about the impact of COVID-19 pandemic on the market in optimistic, probable, and pessimistic forecast scenarios.
Request for Technavio’s market report estimates including pre- and post-COVID-19 impact on subsea umbilicals, risers, and flow lines market. Download a Free Sample Report on the impact of COVID-19 pandemic analysis.
Due to the extensive spread of the virus across the globe, the Energy Industry is anticipated to have Negative impact. The subsea umbilicals, risers, and flow lines market will showcase Negative impact during 2020-2024.
Subsea Umbilicals, Risers, and Flow Lines Market 2020-2024: Segmentation
Subsea Umbilicals, Risers, and Flow Lines Market is segmented as below:
APAC region will account for the highest incremental growth during the forecast period due to the rising number of deepwater and ultra-deepwater oil and gas projects in China and few South-Eastern countries of Asia.
With the surging growth of COVID-19 pandemic, the Energy market is anticipated to have an Indirect impact during the forecast period. View market snapshot before purchasing
Emergence of next-generation automated drilling rigs has been an instrumental factor in influencing the growth of subsea umbilicals, risers, and flow lines market. Other market drivers include declining E&P cost of deepwater and ultra-deepwater oil and gas projects and rise in new exploration policies. Technavio offers custom research analysis on the crucial pointers to highlight the impact of COVID-19 on the market across the supply chain.
Key Considerations for Market Forecast:
Get more insights about the global trends impacting the future of subsea umbilicals, risers, and flow lines market, Request Free Sample @ https://www.technavio.com/talk-to-us?report=IRTNTR43338
Subsea Umbilicals, Risers, and Flow Lines Market 2020-2024: Vendor Analysis
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Key players in the market have been launching several initiatives and introducing innovative products and services to cater a larger target audience during the pandemic. Major market participants include ABB Ltd., Aker Solutions ASA, Baker Hughes Co., Dril-Quip Inc., National Oilwell Varco Inc., Oceaneering International Inc., Prysmian Spa, Saipem Spa, Schlumberger Ltd., and TechnipFMC Plc.
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. Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us
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.
Technavio Research
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Media & Marketing Executive
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UK: +44 203 893 3200
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Website: www.technavio.com/
REGINA, Saskatchewan & VANCOUVER, British Columbia & TORONTO--(BUSINESS WIRE)--National and Western Canada leaders of the United Steelworkers union (USW) say news of pending layoffs at Evraz Steel in Regina is the result of the federal government’s failure to commit to use Canadian products in Canadian infrastructure projects.
Steelworkers’ jobs at the Regina pipe mill are in jeopardy after it was learned that an order to make 48-inch pipe for energy infrastructure company TC Energy in Northern Alberta has been given to an offshore company.
“It should not happen that one Canadian company can decide not to use Canadian steel products in its infrastructure projects,” said USW National Director Ken Neumann. “Our government has failed to protect Canadian jobs and does not even have a Canadian-made procurement strategy for public infrastructure projects, let alone private projects that impact our economic future.”
USW Western Canada Director Stephen Hunt said Alberta Premier Jason Kenney must also step in to preserve jobs in Western Canada.
“Mr. Kenney says his support for the energy sector in Western Canada is all about jobs and the economic future of Canadians working in the sector,” said Hunt. “It’s time he proved it by talking to his friends at TC Energy and telling them that if pipelines are going to be built, they must be made in Canada.”
Stand Up for Steel is the USW’s national campaign to inject stability into the steel sector including a made-in-Canada policy and a reformed trade policy that would, among other things, allow unions to launch trade complaints.
“Demand for steel products has dropped as a result of the COVID-19 pandemic. The only way to rebuild a strong, resilient economy will be to inject massive funding into physical infrastructure projects. Many projects are not using Canadian-made steel. Instead they are using cheaper steel obtained offshore,” said Neumann.
“Reform means it is necessary to ensure that the jobs of Canadians are a higher priority than getting the cheapest possible product.”
USW Local 5890 President Mike Day, representing workers at the Evraz mill in Regina, said news of layoffs due to pipe orders going offshore is an insult added to injury.
“My members are demanding that both Jason Kenney and Saskatchewan Premier Scott Moe show some courage and demand that projects in Canada use Canadian products,” said Day. “Our members should not be made victims because of bad public policy and a lack of attention to the future of our domestic industry.”
For more information on USW’s campaign to Stand Up For Steel, go to www.usw.ca/standupforsteel.
Ken Neumann, USW National Director, 416-544-5951
Stephen Hunt, USW Western Canada Director, 604-683-1117, 604-816-2554, This email address is being protected from spambots. You need JavaScript enabled to view it.
Mike Day, USW Local 5890 President, 306-569-9663, This email address is being protected from spambots. You need JavaScript enabled to view it.
Bob Gallagher, USW Communications, 416-544-5966, 416-434-2221, This email address is being protected from spambots. You need JavaScript enabled to view it.
Kymeta deploys 25 units globally to facilitate real-world testing of the revolutionary new u8 mobile connectivity solution
REDMOND, Wash.--(BUSINESS WIRE)--Kymeta (www.kymetacorp.com)—the communications company making mobile global—announced the Kymeta™ u8 terminal beta trial program with select partners and customers globally, such as DOD/MOD contractors and end-users, satellite service providers, and commercial resellers, bringing Kymeta one step closer to the market launch of the Kymeta u8, planned for the fourth quarter of 2020.
The Kymeta u8 electronically steered terminal has been redesigned for ease of use and improved performance over previous versions of Kymeta’s signature flat-panel antenna. The advanced u8 antenna supports global land mobility, covering the full Ku-band with improved efficiency. The Kymeta u8 terminal offers a low-profile form factor with native DC power input for easy integration into mobile platforms. What makes the u8 unique in the market is the integrated satellite and cellular modems for a multi-WAN configuration offering seamless hybrid satellite/cellular connectivity. Along with the new terminal, Kymeta is also beta trialing its new Kymeta Connect™ suite of services offerings, making connectivity as easy as buying a wireless plan. Together, the two create a complete turnkey solution for public safety, DOD/MOD, enterprise, and other markets requiring always-on on-the-go communications. In addition to the plug-and-play u8 terminal, the u8 antenna is designed for integrators to create customized mobile satellite terminals with flexible integration to meet a variety of use cases.
Prior to the beta trials with customers and partners, Kymeta conducted its own u8 terminal prototype trials with test drives from Washington DC to Redmond, WA. During the trials, the Kymeta u8 terminal achieved 100% connectivity on the move with line of sight, meaning the vehicle maintained 100% internet connectivity, with either satellite or cellular connection, validating the hybrid solution for continuous and seamless connectivity. The remarkable results of the prototype trials are available for download from the Kymeta website.
“We are excited to bring our customers the new u8 terminal, paired with Kymeta Connect services and support, for a fully managed, optimized, and easy to use blended service,” said David Harrower, Sr. Vice President of Global Sales, Kymeta. “It is a complete solution that will be very attractive to companies who need predictable OPEX pricing for their regional mobile connectivity services. We believe this is an industry game changer that will provide mobile connectivity in all parts of the world.”
Along with the release of the u8 beta trial program, Kymeta also announced securing approximately $85 million in financing led by Bill Gates with members of the leadership team personally investing approximately $1 million led by Executive Chairman, Doug Hutcheson. The financing will be used to accelerate new product development and commercialization for satellite and cellular communications globally. In addition, Kymeta announced the acquisition of Lepton Global Solutions on August 18, 2020.
About Kymeta
Kymeta is unlocking the potential of broadband satellite connectivity, combined with cellular networks, to satisfy the overwhelming demand for comms on the move and making mobile global. Lepton Global Solutions, part of Kymeta, hosts the company’s satellite connectivity solutions and offers unique, complete, and turnkey bundled solutions to the market based on best in class technologies and tailored customer-centric services that meet and exceed customer mission requirements. These solutions in tandem with the company’s flat-panel satellite antenna, the first of its kind, and Kymeta™ Connect services provide revolutionary mobile connectivity on satellite and hybrid satellite-cellular networks to customers around the world. Backed by U.S. and international patents and licenses, the Kymeta terminal addresses the need for lightweight, slim, and high-throughput communication systems that do not require mechanical components to steer toward a satellite. Kymeta makes connecting easy – for any vehicle, vessel, or fixed platform.
Kymeta is a privately held company based in Redmond, Washington.
For more information, visit kymetacorp.com.
Business Inquiries for Kymeta:
Jon Maron
Vice President of Marketing and Communications
Kymeta Corporation
+1 425.658.8827
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Media Inquiries for Kymeta:
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HOUSTON--(BUSINESS WIRE)--Halliburton Company (NYSE: HAL) will host a conference call on Monday, October 19, 2020, to discuss its third quarter 2020 financial results. The call will begin at 8:00 AM Central Time (9:00 AM Eastern Time).
The Company will issue a press release regarding the third quarter 2020 earnings prior to the conference call. The press release will be posted on the Halliburton website at www.halliburton.com.
Please visit the website to listen to the call via live webcast. You may also participate in the call by dialing (844) 358-9181 within North America or +1 (478) 219-0188 outside of North America. A passcode is not required. Attendees should log in to the webcast or dial in approximately 15 minutes prior to the start of the call.
A replay of the conference call will be available on Halliburton’s website until October 26, 2020. Also, a replay may be accessed by telephone at (855) 859-2056 within North America or +1 (404) 537-3406 outside of North America, using the passcode 1236586.
About Halliburton
Founded in 1919, Halliburton is one of the world's largest providers of products and services to the energy industry. With approximately 40,000 employees, representing 140 nationalities in more than 80 countries, the company helps its customers maximize value throughout the lifecycle of the reservoir – from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the asset. Visit the company’s website at www.halliburton.com. Connect with Halliburton on Facebook, Twitter, LinkedIn, Instagram and YouTube.
For Investors:
Abu Zeya
Halliburton, Investor Relations
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281-871-2688
For Media:
Emily Mir
Halliburton, Public Relations
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281-871-2601
Global report provides valuable insights into shopper preferences during pandemic that will drive traffic, increase revenue and improve retention
ATLANTA--(BUSINESS WIRE)--#customerexperience--PDI (www.pdisoftware.com), a leader in global solutions for the convenience retail and petroleum wholesale markets, today released findings from their 2020 C-Store Shopper Report providing insights into how consumer habits are shifting with c-store shoppers amid the backdrop of a global pandemic.
The findings provide a global perspective from 450 convenience retailers across several countries, including responses from 2,500 U.S. consumers and 150 decision-makers who work for retailers, grocers, and CPG brands.
Key findings from the survey include:
"Effective loyalty programs utilize data to profitably change consumer behavior. Due to the pandemic and other market forces, consumer habits have shifted, and data from loyalty programs are more critical than ever to stay ahead and adapt to evolving consumer trends," says Brandon Logsdon, president and general manager, Marketing Cloud and Fuel Pricing Solutions, PDI.
COVID-19 has also created a significant impact on the way consumers pay now, and likely, for the foreseeable future. Nearly three out of ten U.S. and Non-U.S. convenience retailers experienced changes in purchase and payment trends like increased contactless and mobile payment, as well as curbside pickup or home delivery.
Download the full report here.
About PDI
Professional Datasolutions, Inc. (PDI) helps convenience retailers and petroleum wholesalers thrive through digital transformation and enterprise software that enables them to grow topline revenue, optimize operations and unify their business across the entire value chain. Over 1,500 customers in more than 200,000 locations worldwide count on our leading ERP, logistics, fuel pricing and marketing cloud solutions to provide insights that increase volume, margin and customer loyalty. PDI owns and operates the Fuel Rewards® loyalty program that is consistently ranked as a top-performing fuel savings program year after year. For more than 35 years, our comprehensive suite of solutions and unmatched expertise have helped customers of any size reimagine their enterprise and deliver exceptional customer experiences. For more information about PDI, visit www.pdisoftware.com.
Tawanda Carlton, Media Frenzy Global
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(910) 358-7224
MIDLAND, Texas--(BUSINESS WIRE)--Tom Taccia joined PBEX Resources, LLC in 2015 as Executive Vice President of Land. In 2018, he was promoted to Chief Operating Officer. Under Tom’s leadership, PBEX, LLC has continued to grow its Permian Basin acreage footprint and increase its operated well count to 57 in Texas and New Mexico. Tom directs a team of reservoir engineers, landmen and geologists that are specialized in building operated acreage positions that result in best-in-class development projects for PBEX, LLC.
Tom has excelled at leading the Company’s operations through numerous transitions including PBEX, LLC’s acquisition of EGL Resources, LLC in the New Mexico Delaware Basin.
“Tom has done an amazing job and has earned this recognition,” said Chas Perry, the company’s Chief Executive Officer. “We highly value the passion, experience, knowledge and leadership he brings to PBEX, LLC. I am excited about the future of our organization with Tom as president.”
Chas will maintain his role as CEO and continue to focus on strategic planning, business development, and maintaining his relationships with key stakeholders.
About PBEX, LLC
PBEX, LLC (“PBEX”) is a privately held oil and gas operating company focused on the acquisition, development, and exploration of oil and gas reserves in the Permian Basin. PBEX, LLC is well capitalized and has substantial acreage holdings in the Midland and New Mexico Delaware Basins. PBEX, LLC continues to focus on building and consolidating operated acreage positions primarily in the New Mexico Delaware Basin. The company has and continues to create value through strategic partnerships with industry peers, focusing on best-in-class development projects.
Executive Management Team:
Chas Perry – Chief Executive Officer
Wes Perry – Chairman
Tom Taccia - President
Brooks Perry – Executive Vice President
Nick Roman – Chief Accounting Officer
Chelsea Pervier – Human Resources Manager
Hamilton Heald
Office: 432-686-4339
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DAVIE, Fla.--(BUSINESS WIRE)--As urban centers try to bring workers back to the office during COVID-19, mass transit authorities are challenged with the need for quick and effective disinfection of commuter transit systems. GMA International Services, Inc. (GMAI) introduces the DragonBreath™ Automated Disinfecting System, which provides transit authorities and fleet managers with a turnkey solution that couples effective fogging capability with the latest control and communication technology. DragonBreath ensures safe and thorough disinfection while dramatically reducing labor-intensive costs.
“In response to COVID-19, we are pleased to present DragonBreath’s advanced disinfection technologies that provide comprehensive safety precautions for all travelers and employees that rely on mass transit,” said Gino M. Antoniello, President and CEO of GMA International Services, Inc. “As we navigate new norms in the aftermath of this pandemic, this technology will complement the advances being made in the medical and scientific communities, along with new public policy and the cooperation of the general public through social distancing behaviors. Our technology serves as a comprehensive mitigating response to ensure that those who rely on mass transit can do so again safely. The resulting system harmonizes industrial components with state-of-the-art controls to provide a holistic approach that allows for an unobtrusive answer to a disruptive problem.”
While finalizing the production version of DragonBreath, GMAI is also releasing the technology into the field for specific pilot programs to demonstrate its capabilities for mass transit systems and other large-space applications.
The DragonBreath Automated Disinfecting System allows transit authorities to restore the riding public’s confidence while safeguarding everyone’s health. This relatively small investment not only addresses the industry’s immediate challenges at hand, but also prepares transportation infrastructure for future similar scenarios. Those interested in DragonBreath can visit GMAI’s website at www.gma-intl.com for a video demonstration.
GMAI International Services, Inc. is a consulting firm with over 30 years of experience in mass transit sectors, with expertise in the planning and execution of Design-Build-Operate-Maintain (DBOM) projects for passenger railcars and automated systems. Based on their extensive experience, GMAI is now also developing automated technology solutions for those sectors and other large-space applications.
If you would like more information, please contact Robert Baker at 954-668-2770 or This email address is being protected from spambots. You need JavaScript enabled to view it..
Robert Baker
954-668-2770
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SAN FRANCISCO--(BUSINESS WIRE)--Able Grid Energy Solutions (Able Grid), a leading developer of battery energy storage projects throughout the U.S., along with its development and operating partners MAP® Energy (MAP®) and Astral Electricity (Astral), today announced that full notice to proceed has been issued on the Chisholm Grid battery energy storage system located in Fort Worth, Texas. Chisholm Grid will have an initial rated capacity of 100 megawatts (MWac) and is scheduled to begin commercial operations in mid-2021. Mortenson is the balance of plant (BOP) and battery installation contractor for the Chisholm Grid facility, which is Mortenson’s ninth energy storage project.
The Chisholm Grid battery energy storage system was developed by Able Grid Infrastructure Holdings, LLC, a joint venture between Able Grid and MAP®. Able Grid will provide construction management and operational asset management services for the site. Chisholm Grid is owned by Astral Electricity, LLC, a privately-held energy storage power producer currently building multiple utility-scale energy storage projects that will reach commercial operations by mid-2021.
“Able Grid was founded in 2016 under the premise that standalone battery energy storage systems would soon become a cost-effective component of the electricity systems that deliver low-cost and reliable energy to consumers. Chisholm Grid will be the largest standalone battery energy storage facility participating in the ERCOT Texas electricity market, and one of the largest in the world, when it reaches commercial operations in mid-2021. ‘Soon’ has become today,” said Barnaby Olson, CEO and Founder of Able Grid.
“Chisholm Grid’s development has been enabled by the pro-market policies that are at the core of ERCOT operations,” added Aaron Zubaty, Managing Partner of MAP®. “As the Texas economy continues to grow in the coming years and is increasingly powered by low-cost renewable energy supplies, the Chisholm Grid battery energy storage system will participate in the existing wholesale electricity market as a new and highly-advanced resource to supply valuable grid services that are currently provided by costlier, polluting and less-flexible thermal generating units. Years of innovation by global technology suppliers now allow companies like Astral Electricity to deploy market-driven solutions that will accelerate the decarbonization of electricity supplies while also improving grid performance and regional air quality.”
In early August, Astral issued full notice to proceed to Mortenson and work has already begun onsite for the balance of plant and high voltage transmission components, making Chisholm Grid the largest standalone battery energy storage project currently under construction in the U.S. outside of California.
“The Chisholm Grid project will set a new benchmark for world-class energy storage facilities that benefit the environment, economy, and electric grid. Mortenson is honored to join Able Grid and MAP on this transformational project in Texas,” said James Phaneuf, Mortenson’s Vice President and general manager of energy storage. “Our energy storage design and construction expertise will help ensure Able Grid and MAP’s vision for this project are successfully brought to life.”
At peak construction, approximately 50 people will be employed on-site at Chisholm Grid, and Mortenson has secured subcontracts from local Dallas – Fort Worth-based trade partners to ensure local participation on the project.
About Able Grid Energy Solutions, Inc.
Able Grid Energy Solutions, Inc. (“Able Grid”) is a utility-scale energy storage developer. In partnership with utilities, municipalities, communities, and leading corporate buyers, Able Grid is developing low-cost energy storage assets that provide reliable, emissions-free capacity to manage the physical and financial volatility of energy markets. We focus on investing in communities and markets where energy storage will provide long-term value to utilities managing a diverse energy portfolio to provide low-cost and sustainable power for their customers. www.ablegridenergy.com
About MAP® Energy, LLC
MAP® Energy has been an innovating and leading investor in renewable energy projects since 2005 and has directly funded the development of more than 15,000 MW of operating or under-construction wind and solar generating capacity located across the United States. More information is available at www.map-energy.com.
About Astral Electricity, LLC
Astral Electricity is an energy storage power producer that sees an opportunity where others see risk. Astral leverages decades of experience funding and developing wind and solar projects throughout the country to create a unique view on the future fabric of power generation, transmission and energy consumption. Astral’s deployment of large-scale standalone energy storage systems provides a new dimension of market-based solutions that balance electricity grids while catalyzing electricity sector decarbonization.
www.astralelectricity.com
About Mortenson
Mortenson is a U.S.-based, top-20 builder, developer, and engineering services provider serving the commercial, institutional, and energy sectors. Mortenson’s expanding portfolio of integrated services helps its customers move their strategies forward, ensuring their investments result in high-performing assets. The result is a turnkey partner, fully invested in the business success of its customers. For additional information, visit www.mortenson.com.
Cameron Snyder, Mortenson, This email address is being protected from spambots. You need JavaScript enabled to view it.
LONDON--(BUSINESS WIRE)--#CapacityManagement--Quantzig, one of the world’s leading providers of advanced data analytics solutions, recently announced the completion of its new resource and capacity utilization assessment for a global oil and gas company. Our advanced analytics solutions and domain expertise empower us to look for insights in complex, unstructured data sets from disparate sources. With the new digital economy creating significant disruptions and new opportunities, our global team of over 550+ analytics experts and data science professionals work with leading companies to help master digital transformation, drawing on our deep domain expertise and understanding of factors impacting business growth. Our oil and gas analytics solutions have helped leading Fortune 500 companies to achieve better success rates by adopting the right solutions to maximize resource and capacity utilization. Request a FREE one-on-one platform demo to learn how advanced operational analytics can help drive change in your business processes.
Engagement Overview
With over oil and gas extraction units spread globally, the client is a transnational corporation with American origins and is one of the largest oil and gas companies in the world. The product lines of this client include oil, fuel, vehicle services, exploration, production, and refining of petroleum and gas. Due to the complexities involved in oil and gas extraction and production, the client was facing several challenges. It included high operational costs and low resource and capacity utilization rates. Also, the lack of robust processes hindered their operational efficiency, further leading to inefficient capacity utilization issues. By collaborating with Quantzig, the client wanted to implement a solution that could help them optimize operational costs and improve the pipeline capacity utilization rate.
Our cutting-edge, oil and gas analytics solutions enable businesses to improve outcomes by applying data-driven insights into their day-to-day decision-making. Get your FREE customized proposal to know how we can help you.
“We offer oil and gas data analytics solutions to help businesses better understand operations and drive outcomes through better workflows,” says an oil and gas analytics expert from Quantzig.
The Challenge
The client's challenges spanned three key areas, including-
For an in-depth analysis of your business processes and the role of analytics in improving outcomes, request for more info.
Quantzig’s Approach
Quantzig adopted a comprehensive three-pronged approach to help the oil and gas company address their issues around capacity utilization. The solution offered as a part of this capacity management engagement enabled the integration of shipment details, operational details, and capacity information for deriving insights specific to improving the pipeline capacity utilization rate.
The solutions offered also empowered the client to-
Over the past 15 years, Quantzig has helped Fortune 500 companies solve some of the toughest business problems using a unique combination of design thinking frameworks, plug-and-play innovation accelerators, and an army of agile decision scientists. Want to know more? Contact us for a free pilot.
Follow us on LinkedIn and Twitter to keep abreast of the emerging trends in oil and gas analytics.
About Quantzig
Quantzig is a global analytics and advisory firm with offices in the US, UK, Canada, China, and India. For more than 15 years, we have assisted our clients across the globe with end-to-end data modeling capabilities to leverage analytics for prudent decision making. Today, our firm consists of 120+ clients, including 45 Fortune 500 companies. For more information on our engagement policies and pricing plans, visit: https://www.quantzig.com/request-for-proposal
Press Contact
Quantzig
Eva Sharma
Marketing Manager
US: +1 630 538 7144
UK: +44 208 629 1455
https://www.quantzig.com/contact-us
Event to provide information on wildfire prevention and PG&E’s efforts to reduce the impact of Public Safety Power Shutoffs
SAN FRANCISCO--(BUSINESS WIRE)--Pacific Gas and Electric Company (PG&E) is continuing its important safety work to prevent wildfires while adapting to the worldwide COVID-19 pandemic. To keep customers informed, PG&E is hosting safety webinars on its Community Wildfire Safety Program and the steps the company is taking to reduce the impact of Public Safety Power Shutoff (PSPS) events on customers and communities.
The webinars will feature a brief presentation and an opportunity for participants to ask questions and provide feedback. The next webinar will take place this Wednesday, Aug 26.
As PG&E works closely with state and local fire agencies to respond to several large, lightning-caused wildfires across its service area, the company wants to remind customers that it’s the ideal time to learn more about how the company is promoting fire safety.
“Wildfire season is here, and we have been working hard all year to make our system safer,” said Laurie Giammona, Senior Vice President and Chief Customer Officer for PG&E. “We want our customers to know the improvements they can expect to see and the steps everyone can take to prepare.”
This year, PG&E is enhancing and expanding its efforts to reduce wildfire risks and keep customers and communities safe. This includes:
The webinar takes place this Wednesday, Aug. 26, from 5:30 to 7 p.m. Closed captioning will be available in English, Spanish and Chinese, and there are dial-in numbers for those who unable to join online.
“One of the best ways to keep our families safe is to be informed,” Giammona said. “We hope that everyone is able to join us at these informational webinars and look forward to sharing our progress this year.”
Throughout the summer, PG&E has hosted 15 regional webinars focusing on local wildfire safety work, with more than 3,800 individuals participating. Webinar recordings and presentation materials, along with more information about PG&E’s Community Wildfire Safety Program, can be found at www.pge.com/wildfiresafety.
5:30 - 7 p.m., Wednesday, Aug. 26
Click this link to join: https://bit.ly/2WxivQp
Toll-Free Attendee Dial-in: 1-866-501-6088
Conference ID: 3567527
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric energy companies in the United States. Based in San Francisco, with more than 23,000 employees, the company delivers some of the nation’s cleanest energy to nearly 16 million people in Northern and Central California. For more information, visit www.pge.com/ and www.pge.com/en/about/newsroom/index.page.
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415-973-5930
Global Communications Company, Kymeta Corporation, to Aggressively Accelerate New Product Development and Commercialization for Satellite and Cellular Communications Globally for the Next Generation Electronically Steered Flat Panel Antenna and Kymeta Connect™ Services.
REDMOND, Wash.--(BUSINESS WIRE)--Kymeta Corporation (www.kymetacorp.com), the communications company making mobile global—is excited to announce the recapitalization of the company along with the successful funding raise of approximately $85 million, led by Bill Gates with members of the leadership team personally investing approximately $1 million led by Executive Chairman, Doug Hutcheson.
Since its launch of the revolutionary electronically steered flat panel antenna platform, Kymeta™ continues to strengthen and accelerate new product development and commercialization for satellite and cellular communications globally. Meeting the needs of current and future customers drives new product innovation and market development and are key areas of focus for Kymeta.
The financing builds on an extraordinary 18-month period for Kymeta, which saw a rapidly growing influx of new customers, the appointment of key executives, new product releases and market momentum in the areas of defense, public safety and land mobility. Kymeta’s channel network grew to include over one hundred reseller partners and several defense and commercial customers around the globe.
“As a company, we’re just scratching the surface of how powerful hybrid satellite-cellular communications can be when combined with an affordable electronically steered flat panel antenna offered to the global land mobility ecosystem,” said Doug Hutcheson, Executive Chairman, Kymeta. “Having the continued support of Bill Gates will help us execute our vision even more rapidly and broadly – and with the benefit of experience, perspective and relationships of a leading and highly successful technology backer.”
The new u8 terminal paired with Kymeta’s hybrid satellite-cellular connectivity services, Kymeta Connect™, transforms the purchase and consumption of mobile data with an all-inclusive hardware, connectivity and services monthly subscription. The Kymeta™ u8 is the world’s only commercially available flat panel electronically steered antenna built specifically for mobility and designed for the needs of military, first responders and commercial customers.
Key features and benefits of the Kymeta u8 terminal and Kymeta Connect platform also include 2 GHz support across the full Ku-Band, improved performance and efficiency which translates into lower total cost of ownership, integrated hybrid satellite-cellular hardware for always-on connectivity and turnkey Kymeta Connect options that include hardware, connectivity and service with affordable purchasing options.
Other announcements included were the acquisition of Lepton Global Solutions on August 18, 2020 and the Kymeta™ u8 beta trial program with select partners and customers globally, today.
About Kymeta
Kymeta is unlocking the potential of broadband satellite connectivity, combined with cellular networks, to satisfy the overwhelming demand for comms on the move and making mobile global. Lepton Global Solutions, part of Kymeta, hosts the company’s satellite connectivity solutions and offers unique, complete, and turnkey bundled solutions to the market based on best in class technologies and tailored customer-centric services that meet and exceed customer mission requirements. These solutions in tandem with the company’s flat-panel satellite antenna, the first of its kind, and Kymeta™ Connect services provide revolutionary mobile connectivity on satellite and hybrid satellite-cellular networks to customers around the world. Backed by U.S. and international patents and licenses, the Kymeta terminal addresses the need for lightweight, slim, and high-throughput communication systems that do not require mechanical components to steer toward a satellite. Kymeta makes connecting easy – for any vehicle, vessel, or fixed platform.
Kymeta is a privately held company based in Redmond, Washington.
For more information, visit kymetacorp.com.
Business Inquiries for Kymeta:
Jon Maron
Vice President of Marketing and Communications
Kymeta Corporation
+1 425.658.8827
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Media Inquiries for Kymeta:
Amanda Barry
Associated Director PR, The Summit Group
+1 509.554.8409
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VANCOUVER, British Columbia--(BUSINESS WIRE)--$GRN #RNG--Greenlane Renewables Inc. (“Greenlane” or the “Company”) (TSXV: GRN) today announced the results of its 2020 Annual Shareholder Meeting (“AGM”) at which shareholders approved:
Election of Directors
All nominees listed in the Company’s Information Circular dated July 23, 2020 and listed below were elected by a majority of the votes cast by shareholders.
Wade Nesmith
David Blaiklock
David Demers
Brad Douville
Patricia Fortier
Candice Alderson
Elaine Wong
Appointment of Auditors
PricewaterhouseCoopers LLP were re-appointed as the Company’s auditors for the ensuing year.
Share Option Plan Approval
The share option plan as set out in the Company’s Information Circular dated July 23, 2020 was approved without variation.
Restricted Share Unit (“RSU”) Plan
The RSU plan as set out in the Company’s Information Circular dated July 23, 2020 was approved by disinterested shareholders without variation.
RSU Awards
The RSU awards set out in the Company’s Information Circular dated July 23, 2020 was approved by disinterested shareholders without variation.
All filings related to the AGM are available on SEDAR at www.sedar.com.
About Greenlane Renewables
Greenlane is cleaning up two of the largest and most difficult-to-decarbonize sectors of the global energy system: the natural gas grid and the transportation sector. As a leading global provider of biogas upgrading systems, Greenlane’s solutions create clean, low-carbon renewable natural gas (RNG), suitable for injection into the natural gas grid and for direct use as vehicle fuel. Our systems, marketed and sold under the Greenlane Biogas™ brand, remove impurities and separate carbon dioxide from biomethane in the raw biogas created from organic waste at landfills, wastewater treatment plants, farms and food waste facilities. With multiple core technologies, more than 100 installations in 18 countries and counting, and 30+ years’ experience, Greenlane finds the right solution, whatever the specific project requirements. Whether we’re working with waste producers, gas utilities, or project developers, we’re doing more with biogas, helping to turn a low-value product into a high-value renewable resource. For further information, please visit www.greenlanerenewables.com
Incite Capital Markets
Eric Negraeff / Darren Seed
Greenlane Renewables Inc.
Brad Douville, President & CEO,
Ph: 604.493.2004
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GREENEVILLE, Tenn.--(BUSINESS WIRE)--ARTAZN LLC, one of the leading manufacturers of coin blanks, and one of the world’s largest manufacturers of zinc strip and applied zinc products, has officially announced an exciting development of its capabilities for collaborative innovation with its partners: an expansion of its current product development lab. With the increase of lab infrastructure and personnel, ARTAZN™ and its customers can join forces in creating niche products with unique properties, further highlighting zinc’s potential to solve a number of needs across a variety of industries. And based on its initial products, the program is set to be an incredible tool — and success — for all participants.
By combining zinc with other properties to meet specific customer applications, the lab has already created a number of material solutions for the coinage, automotive, manufacturing, and specialty industries. From high-draw battery cans and controlled etch and surface photo engraving plates to fuse elements for enhanced electrical conductivity, here are a few more examples of the lab’s most notable innovations to date:
ZincSecure®: The greatest success story of the program, ZincSecure®, is a coinage alternative manufactured to provide superior security and performance while also providing a cost-effective solution to mints and banks who otherwise depend on high-cost alloy coins (HSA) and low-value bank notes. Through the lab’s innovations, it is now possible to plate nickel on zinc through a special annealing process to relieve the stress of the plating layer. For ARTAZN, one of the world’s leading coin blank manufacturers circulating more than 300 billion coin blanks across 20 countries, ZincSecure® isn’t just a material innovation, it’s an industry game changer.
Low Conductivity Fuses: Exclusively from ARTAZN, these new, lower conductivity alloys allow for precision manufacturing of ultra-low amperage automotive blade fuses that were historically difficult to produce.
Hollow LifeDowel™: A critical structural component in jointed concrete pavements, ARTAZN’s hollow dowel is less than half the weight of competitors’ options, making it easier and safer to handle while also meeting or exceeding load and deflection test criterion. Even more, it’s also a cost-effective choice for high-performance design.
Grounding Mat: An anode-grade grounding mat specifically designed to work with cathodically protected and isolated structures, this grounding mat increases soil contact, thereby reducing contact resistance and improving grounding capacity, as compared to traditional grounding methods. Guarantees simple and low-cost installation.
Guard Rail Accessories: Solid zinc components used in guard rail designs add to corrosion resistance while also enhancing safety attributes of the structure.
Regarding ARTAZN’s product lab expansion, Tom Wennogle, President of ARTAZN LLC, has stated: ”We have been in the zinc industry for decades and place a high value on innovation. Our expanded product development lab creates an opportunity for partnering with our customers to develop high-quality products for their unique needs, as we leverage the hidden benefits of zinc, such as cost-effectiveness, durability, ductility, and formability."
The product development lab is one initiative among many that allows ARTAZN to elevate deliverables for the coinage, stamping, automotive, and cathodic protection industries. Also on the horizon, new possibilities with the Jadex Inc. corporate-wide sustainability platform—an initiative that will put the company’s commitment to sustainable practices and developing products with a low carbon footprint into motion.
Stay tuned for even more exciting innovations.
About ARTAZN LLC
ARTAZN™, a Jadex Inc. company, is a US-based manufacturer of zinc strip, applied zinc products, and ZincSecure®, a high security zinc-based coinage product. Headquartered in Greeneville, Tennessee, they are the largest North American producer of solid zinc strip and zinc-based products and one of the largest in the world. The company has been producing zinc strips for over 130 years and is one of the leading coin blank manufacturers, with 300 billion coins released into circulation in more than 20 countries around the world. The company also supplies for customers in the automotive, architectural, building, cathodic protection, and specialty industries. To learn more, visit artazn.com.
Caroline Rice | Marketing Specialist
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LONDON--(BUSINESS WIRE)--#GlobalOffgridSolarPowerSystemsMarket--Technavio has been monitoring the off-grid solar power systems market and it is poised to grow by $ 2.97 bn during 2020-2024, progressing at a CAGR of almost 11% 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.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ABB Ltd., ENGIE SA, Gem Energy Australia Pty. Ltd., Greenlight Planet, M-KOPA Kenya Ltd., NantEnergy Inc., OutBack Power Inc., Schneider Electric SE, SMA Solar Technology AG, and Yingli Green Energy Holding 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.
The high cost of grid expansion has been instrumental in driving the growth of the market. However, the high initial cost might hamper market growth.
Off-grid Solar Power Systems Market 2020-2024 : Segmentation
Off-grid Solar Power Systems Market is segmented as below:
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43608
Off-grid Solar Power Systems 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. Our off-grid solar power systems market report covers the following areas:
This study identifies the growing Pay-As-You-Go (PAYG) model as one of the prime reasons driving the off-grid solar power systems market growth during the next few years.
Off-grid Solar Power Systems Market 2020-2024 : Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the off-grid solar power systems market, including some of the vendors such as ABB Ltd., ENGIE SA, Gem Energy Australia Pty. Ltd., Greenlight Planet, M-KOPA Kenya Ltd., NantEnergy Inc., OutBack Power Inc., Schneider Electric SE, SMA Solar Technology AG, and Yingli Green Energy Holding Co. Ltd. Backed with competitive intelligence and benchmarking, our research reports on the off-grid solar power systems market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Off-grid Solar Power Systems 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
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
Vendor Analysis
Appendix
About Us
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.
Technavio Research
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Website: www.technavio.com/
Global Software Awards Program Announces Final Winners
INDIANAPOLIS--(BUSINESS WIRE)--Encamp, an end-to-end environmental compliance platform, announced today they are a dual winner in the 2020 SaaS Awards Program, a part of Awarding & Consultancy International. Encamp placed first in the category for Best SaaS for Agriculture and Farming, and was additionally recognized as the top SaaS Newcomer for 2020.
The SaaS Awards celebrate excellence in software and accept entries from across the world, including the US, Canada, Australasia, UK and EMEA. Among other categories for the 2020 awards program were Best Enterprise-Level SaaS Product, Best UX or UI Design in a SaaS Product, and Best Security Innovation in a SaaS Product.
“For Encamp to be named as a winner in the 2020 SaaS Awards is huge,” said CEO and Encamp founder, Luke Jacobs. “It demonstrates our commitment to propelling innovation in environmental, health and safety software to new heights, and our obsession with providing tangible results to our customers in industries from agribusiness to logistics.”
Encamp’s end-to-end compliance platform helps EHS professionals in the agricultural industry, as well as many others, maintain compliance by streamlining reporting tasks and deadlines. Encamp serves over 100 clients in the retail agriculture industry alone across 2,000+ facilities and forty states and allows customers to plan and monitor tasks for facilities, compliance due dates, Tier ii filing, training schedules, and more, all from one modern platform.
This win highlights Encamp’s quick rise as an innovative solution for EHS professionals. By streamlining EHS reporting, companies across all industries can better understand, manage, and comply with all requirements for business operations while enhancing accuracy and efficiency. Encamp is backed by $3.1 million in Series A funding, led by Allos Ventures and High Alpha Capital, which the company secured earlier this year.
To learn more about Encamp’s vision to help EHS professionals increase efficiency and maintain compliance, read our story at https://www.encamp.com/about/encamp-story.
The SaaS Awards is now closed for entries and will reopen for 2021 submissions later in the year. Hundreds of organizations entered, with international entries coming from North America, Canada, Australia, UK, Europe and the Middle East. To view the shortlist and list of winners, please visit: https://www.cloud-awards.com/2020-software-awards-shortlist/
Notes for editors
About the SaaS Awards
The SaaS Awards is a sister program to the Cloud Awards, which was founded in 2011. Both programs are conducted under the guidance of Awarding & Consultancy International. The SaaS Awards focuses on recognizing excellence and innovation in software solutions.
About Encamp
Encamp is an end-to-end environmental compliance platform that makes it easy to manage all EHS documents, deadlines, permits and tasks, from one, modern platform. Customers use Encamp to understand, manage and meet their environmental compliance needs - for all 50 states - from start to finish. Unlike complex, siloed data management systems, Encamp provides a simple user experience that easily allows teams to communicate EHS deadlines, manage data, and submit reporting.
Encamp
Jessica Engel – Director of Marketing
This email address is being protected from spambots. You need JavaScript enabled to view it.
For the SaaS Awards
James Williams – Head of Operations
https://www.cloud-awards.com/software-as-a-service-awards/
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LONDON--(BUSINESS WIRE)--#AutogasMarket--Technavio has been monitoring the autogas market and it is poised to grow by 2.91 mn tonnes during 2020-2024, progressing at a CAGR of about 2% 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 fragmented, and the degree of fragmentation will accelerate during the forecast period. BP Plc, Chevron Corp., Equinor ASA, Exxon Mobil Corp., Hindustan Petroleum Corp. Ltd., Marathon Petroleum Corp., PJSC Gazprom, PJSC LUKOIL, Royal Dutch Shell Plc, and TOTAL SA 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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The rising need for cleaner fuel has been instrumental in driving the growth of the market.
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.
Autogas Market 2020-2024: Segmentation
Autogas Market is segmented as below:
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR41284
Autogas 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 autogas market report covers the following areas:
This study identifies the increasing use of natural gas in the transportation sector as one of the prime reasons driving the autogas 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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Autogas Market 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application by Volume
Customer Landscape
Geographic Landscape
Geographic Landscape by Volume
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 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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