Itron’s IoT Wastewater Monitoring Solution Honored for Exceptional Innovation

LIBERTY LAKE, Wash.--(BUSINESS WIRE)--#AvantiCompany--Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, received a 2020 IoT Evolution Product of the Year Award from IoT Evolution World, the leading website covering IoT technologies. The award recognizes the cutting-edge IoT-based solution that Itron, Utility Systems Science & Software (US3) and the Avanti Company created together through the Itron Developer Program.

The wastewater monitoring solution utilizes Itron’s multi-purpose industrial IoT network and connected wastewater sensors to identify conditions that cause sanitary sewer overflows. Taking advantage of real-time data from US3’s wastewater flow sensors and Itron’s expertise in delivering outcome-based IoT solutions for critical infrastructure operators, the innovative solution enables utilities to prevent sewer overflows, improve water quality, protect local ecosystems and ensure public safety.

To mitigate regulatory issues and prevent sanitary sewer overflows, Miami-Dade County Water & Sewer Department (WASD) recently deployed the solution. In addition to helping the utility mitigate sewer overflows, the solution delivers significant operational efficiencies and reduces greenhouse gas emissions. The solution automates the reporting process for regulatory compliance, reducing truck rolls required for field surveys by more than 60%.

Quotes

“It is an honor to be recognized by IoT Evolution for our wastewater and flood sensing solution, which was developed for Miami-Dade’s Flow Reduction Program. At Itron, we are proud to collaborate with innovative partners like US3 to deliver breakthrough solutions to create safe, smart and sustainable communities.”

- John Marcolini, senior vice president of Networked Solutions at Itron

“With enhanced visibility into our operations, this program equips us to better serve Miami-Dade Water and Sewer Department customers by ensuring our sewer collection system meets regulatory standards, improving level of service and in the future assisting in identification of sewer overflows and mitigation of Inflow and Infiltration into our Wastewater Collection System.”

- Kevin Lynskey, director of WASD

“Through Itron’s Developer Program, we collaborated to develop and implement an innovative monitoring solution that combines our instrumentation technology with Itron’s data analytics to ensure efficient water and wastewater management for Miami-Dade. This innovative solution is well-deserving of this award.”

- Mark Serres, vice president and chief technology officer of US3

“The solutions selected for the IoT Evolution Product of Year Award reflect the diverse range of innovation driving the multi-billion-dollar IoT market today. It is my honor to congratulate Itron for its innovative work and superior contribution to the rapidly evolving IoT industry.”

- Rich Tehrani, CEO of TMC, a co-publisher of IoT Evolution

“It is my pleasure to recognize Itron’s IoT wastewater and flood sensing solution, an innovative solution that earned the 2020 IoT Evolution Product of the Year Award. I look forward to seeing even more innovation from Itron in the future.”

- Ken Briodagh, Editorial Director for IoT Evolution World

About Itron

Itron enables utilities and cities to safely, securely and reliably deliver critical infrastructure solutions to communities in more than 100 countries. Our portfolio of smart networks, software, services, meters and sensors helps our customers better manage electricity, gas and water resources for the people they serve. By working with our customers to ensure their success, we help improve the quality of life, ensure the safety and promote the well-being of millions of people around the globe. Itron is dedicated to creating a more resourceful world. Join us: www.itron.com.

Itron^® is a registered trademark of Itron, Inc. All third-party trademarks are property of their respective owners and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated.

About Crossfire Media

Crossfire Media is an integrated marketing company with a core focus on future trends in technology. We service communities of interest with conferences, tradeshows, webinars and newsletters. Crossfire Media has a partnership with Technology Marketing Corporation (TMC) to produce events and websites related to disruptive technologies. Crossfire Media is a division of Crossfire Consulting, a full service Information Technology company based in New York.

About TMC

Through education, industry news, live events and social influence, global buyers rely on TMC’s content-driven marketplaces to make purchase decisions and navigate markets. As a result, leading technology vendors turn to TMC for unparalleled branding, thought leadership and lead generation opportunities. Our in-person and online events deliver unmatched visibility and sales prospects for all participants.. Through our custom lead generation programs, we provide clients with an ongoing stream of leads that turn into sales opportunities and build databases. Additionally, we bolster brand reputations with the millions of impressions from display advertising on our news sites and newsletters. Making TMC a 360 degree marketing solution, we offer comprehensive event and road show management services and custom content creation with expertly ghost-crafted blogs, press releases, articles and marketing collateral to help with SEO, branding, and overall marketing efforts. For more information about TMC and to learn how we can help you reach your marketing goals, please visit www.tmcnet.com and follow us on Facebook, LinkedIn and Twitter, @tmcnet.

For more information about TMC and to learn how we can help you reach your marketing goals, please visit www.tmcnet.com.

Itron, Inc.
Alison Mallahan
Senior Manager, Corporate Communications
509-891-3802
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BURBANK, Calif.--(BUSINESS WIRE)--Healthwatch Systems, LLC announces the availability of Covid-19 Healthwatch, enabling organizations of all sizes to monitor and track their employee’s health symptoms with cloud-based technology.

“In an effort to keep employees safe, comply with governmental regulations and to reduce liability, most businesses are implementing some sort of daily health check questionnaire,” said Ken Barber, CEO of Healthwatch Systems. “Companies using spreadsheets or paper forms are struggling to administer and organize them.”

How it works

Using cloud-based technology, Covid-19 Healthwatch delivers, gathers, analyzes and archives the questionnaires. The system can automatically send out the forms to users that are registered to a shift. Alternatively, QR codes can be setup at entrances for users to scan with their phones. The form is immediately texted to them. The answers are tabulated, and company management can instantly see the results on an interactive dashboard or receive automated notifications.

A unique feature of the Covid-19 Healthwatch System is that a snapshot of the questionnaire response is saved in addition to the answers to the questions. This provides strong documentation in the case of future claims or litigation. The data is stored in highly secured cloud-storage and can be retrieved in seconds and stored for years.

Applications

Covid-19 Healthwatch can be an integral part of company plans to keep their employees and customers safe from Covid-19. It simplifies administering symptom questionnaires for people entering a facility both on a regular or ad hoc basis. It also is ideal for monitoring outside service or sales personnel. Suitable applications include schools, offices, manufacturing facilities, restaurants, health clubs and sports leagues.

Implementation

“We have used the latest in cloud and programming technology to build a reliable, flexible, and easy to use product. Configuration is very straightforward with basic systems being setup in hours and complex ones in a few days. The system supports multiple locations, time zones, departments and groups with global and granular views of the data,” explained David Kraai, Healthwatch Systems CTO

Background

Founded in 2020, Healthwatch Systems provides cloud-based health monitoring solutions. Healthwatch Systems, is affiliated with APT, Inc., a software company with nearly 30 years of profitable operation.

Ken Barber
+1 (818) 824-6676
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Covid-19 Healthwatch
www.covid19healthwatch.com

Highlights:

• Program is the first U.S. Navy program for medium unmanned surface vehicles
• Technology supports advanced autonomy in operational environments
• Unmanned systems enable distributed maritime operations

LAFAYETTE, La.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) has received a contract from the U.S. Navy for the Medium Unmanned Surface Vehicle (MUSV) program. This is the Navy’s first program for an unmanned surface vehicle to support the Navy’s Distributed Maritime Operations strategy.

The $35 million initial award is part of a $281 million program that includes a prototype and options for a total of nine MUSVs. L3Harris will integrate the company’s ASView™ autonomy technology into a purpose-built 195-foot commercially derived vehicle from a facility along the Gulf Coast of Louisiana. The MUSV will provide intelligence, surveillance and reconnaissance to the fleet while maneuvering autonomously and complying with international Collision Regulations, even in operational environments.

“The MUSV program award reinforces our investments in the unmanned market and demonstrates our ongoing commitment to bring mission-critical capabilities to our warfighters,” said Sean Stackley, President, Integrated Mission Systems, L3Harris. “L3Harris is continuing to develop a full range of highly reliable and affordable autonomous maritime capabilities to enable distributed maritime operations in support of the National Defense Strategy.”

L3Harris will be the systems integrator and provide the mission autonomy and perception technology as the prime contractor on the program. The program team includes Gibbs & Cox and Incat Crowther who will provide the ship design and Swiftships will complete the construction of the vehicle.

L3Harris is a world leader in actively powered Unmanned Surface Vehicle (USV) systems, with over 115 USVs delivered worldwide. L3Harris’ USVs are actively serving the Navy, universities, research institutions and commercial businesses.

About L3Harris Technologies

L3Harris Technologies is an agile global aerospace and defense technology innovator, delivering end-to-end solutions that meet customers’ mission-critical needs. The company provides advanced defense and commercial technologies across air, land, sea, space and cyber domains. L3Harris has approximately $18 billion in annual revenue and 48,000 employees, with customers in more than 100 countries. L3Harris.com.

Forward-Looking Statements

This press release contains forward-looking statements that reflect management's current expectations, assumptions and estimates of future performance and economic conditions. Such statements are made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The company cautions investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements. Statements about the value or expected value of orders, contracts or programs and about system capabilities are forward-looking and involve risks and uncertainties. L3Harris disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Deanna Burke
Integrated Mission Systems
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856-338-3437

Sara Banda
Media Relations
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321-674-4498

HAMILTON, Bermuda--(BUSINESS WIRE)--August 17, 2020 – Triton International Limited (NYSE: TRTN) announced today that it has priced an offering of $298,200,000 Fixed Rate Asset-Backed Series 2020-1 Class A Notes at an annual yield of 2.108% and $14,700,000 Fixed Rate Asset-Backed Series 2020-1 Class B Notes at an annual yield of 3.858% (collectively, the “Notes”) .

“We are pleased to have been able to take advantage of the current attractive financing markets to support the recent jump in container lease demand and investment,” commented Brian Sondey, Chief Executive Officer of Triton International Limited. “We have concluded a substantial number of attractive new long-term lease transactions in the third quarter to date, and container pick-ups under these leases have driven our utilization to approximately 96.1% currently from 94.8% at June 30, 2020. Based on the attractiveness of the current ABS market, we intend to refinance several of our existing ABS notes in the near term to lower our interest costs and to further extend our debt maturities while maintaining the portion of our debt with fixed or hedged interest rates in the range of 80%.”

The Notes will be issued by TIF Funding II LLC, a wholly-owned subsidiary of Triton International Limited (the “Issuer”). The Notes will be secured by a pool of containers and related assets owned by the Issuer. The Issuer will be the sole obligor on the Notes; the Notes will not be obligations of or guaranteed by Triton International Limited or any of its other subsidiaries. The net proceeds from the Notes offering will be used for general corporate purposes, including to repay outstanding indebtedness. The transaction is expected to close on or about August 26, 2020.

About the Notes

The Series 2020-1 Class A Notes, which are expected to be rated “A” by Standard & Poor’s, will be issued with a coupon of 2.09% per annum and an annual yield of 2.108%. The Series 2020-1 Class B Notes, which are expected to be rated “BBB” by Standard & Poor’s, will be issued with a coupon of 3.82% per annum and an annual yield of 3.858%. The Series 2020-1 Notes will have an expected final maturity date of February 22, 2028 and a legal final maturity date of August 21, 2045. The transaction documents contain customary affirmative and negative covenants, financial covenants, representations and warranties, and events of default, which are subject to various exceptions and qualifications.

The Notes were offered within the United States only to qualified institutional investors pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), to institutional “accredited investors” as defined in Rule 501(a)(1), (2), (3) or (7) under the Securities Act and to persons outside the United States in compliance with Regulation S under the Securities Act. The Notes have not been registered under the Securities Act, or any state securities laws, and unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offering would be unlawful.

About Triton International Limited

Triton International Limited is the world’s largest lessor of intermodal freight containers. Triton operates a container fleet of over six million twenty-foot equivalent units ("TEU"), and its global operations include acquisition, leasing, re-leasing and subsequent sale of multiple types of intermodal containers and chassis.

Important Cautionary Information Regarding Forward-Looking Statements

Certain statements in this release, other than purely historical information, including statements about the offering, the scheduled closing of the offering, the intended use of proceeds of the offering, the expected rating of the Notes and future financing plans, are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements that include the words "expect," "intend," "plan," "believe," "project," "anticipate," "will," "may," "would" and similar statements of a future or forward-looking nature may be used to identify forward-looking statements. All forward-looking statements address matters that involve risks and uncertainties, many of which are beyond Triton's control. Accordingly, there are important factors that could cause actual results to differ materially from those indicated in such statements and, therefore, you should not place undue reliance on any such statements.

These factors include, without limitation, those risk factors included in the offering memorandum for the Notes, changes in the financial markets, including changes in credit markets, interest rates and securitization markets generally, economic, business, competitive, market and regulatory conditions and the following: the impact of COVID-19 on our business and financial results; decreases in the demand for leased containers; decreases in market leasing rates for containers; difficulties in re-leasing containers after their initial fixed-term leases; our customers' decisions to buy rather than lease containers; our dependence on a limited number of customers for a substantial portion of our revenues; customer defaults; decreases in the selling prices of used containers; extensive competition in the container leasing industry; difficulties stemming from the international nature of our business; decreases in the demand for international trade; disruption to our operations resulting from the political and economic policies of the United States and other countries, particularly China, including but not limited to the impact of trade wars and tariffs; disruption to our operations from failures of, or attacks on, our information technology systems; disruption to our operations as a result of natural disasters; our compliance or failure to comply with laws and regulations related to economic and trade sanctions, security, anti-terrorism, environmental protection and corruption; our ability to obtain sufficient capital to support our growth; restrictions imposed by the terms of our debt agreements; changes in tax laws in, Bermuda, the United States and other countries and other risks and uncertainties, including those risk factors set forth in the section entitled "Risk Factors" in our Form 10-K filed with the Securities and Exchange Commission ("SEC"), on February 14, 2020, in any Form 10-Q filed or to be filed by Triton, and in other documents we file with the SEC from time to time. Except to the extent required by applicable law, we undertake no obligation to update publicly or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.

Andrew Greenberg
Senior Vice President
Business Development & Investor Relations
(914) 697-2900

DUBLIN--(BUSINESS WIRE)--The "Leadership Quadrant of Thin Film Solar PV Module Suppliers - 2019" report has been added to ResearchAndMarkets.com's offering.

The thin film solar PV module manufacture landscape is diverse and continually evolving. Major players in thin film solar PV module market have diversified product portfolios, strong geographical reach, and have made several strategic initiatives. The dynamics of the thin film solar PV module market extends beyond routine macro-economic elements of supply and demand. It is the relationship between buyer's needs and seller's capabilities as well as the macroeconomic forces at work that affect the market. It is how well and how efficiently the sellers meet the needs of the buyers that determine long-term success.

Over the years, the level of demand for thin film solar PV module has increased due to increasing use as an alternative for semiconductors, mechanical components, and others. Thin film solar PV modules are used for a variety of end-use industries, such as utilities, commercial, and residential and is forecast to grow at a CAGR of 8%. The major growth drivers for this market are the government incentives and the urgent need to reduce dependence on fossil fuel for electricity generation.

Firms that produce thin film solar PV module are approaching market opportunities with starkly different strategies. The analyst, a leading global management consulting and market research firm, has analyzed the global thin film solar PV module suppliers and has come up with a comprehensive research report, Leadership Quadrant and Strategic Positioning of Thin Film Solar PV Module Suppliers. Using its proprietary research methodology, the analyst has developed a comparative analysis tool, the Leadership Quadrant,' which identifies leaders, contenders, visionaries, and specialists in the thin film solar PV module market and rates each thin film solar PV module producer.

This report also offers a full competitive analysis from target markets to product mapping, from selling strategies to production capabilities. In this research study, six companies such as First Solar, Sharp, Tony Solar, Q-Cells, Solar Frontier, and NanoPV Solar were analyzed and profiled because they are the top revenue producers for thin film solar PV module. The six profiled manufacturers are grouped in the quadrant. The leadership quadrant analyzes the relative strength among these players. The leadership quadrant addresses the need in the market for manufacturer evaluation based on objective data and metrics.

A total of 60 figures/charts and 6 tables are provided in this 140-pages report to help in your business decisions.

This report answers the following key questions:

• What are the market shares of suppliers in various end use segments such as in utilities, commercial, and residential market?
• Who are the market leaders in various regions and what are their market shares?
• Which companies are more aligned with market opportunities and which companies have ability to gain market share?
• What are the key differentiators for major suppliers?
• Which company has the widest product range and how the product mapping looks among various players?
• Which companies will gain market share?

Key Topics Covered:

1. Leadership Analysis

1.1: Market Description

1.2: Scoring Criteria

1.3: Leadership Quadrant Analysis

1.3.1: Leaders (Top Right)

1.3.2: Contenders (Bottom Right)

1.3.3: Visionaries (Top Left)

1.3.4: Specialists (Lower Left)

2. Competitive Benchmarking

2.1: Product Portfolio Analysis

2.2: Financial Strength

2.3: Market Share Analysis

2.3.1: Market Share in Various Segments

2.3.2: Market Share in Various Regions

3. First Solar Profile

3.1: Company Overview

3.1.1: First Solar Company Description and Business Segments

3.1.2: First Solar Company Statistics

3.2: Thin Film Solar PV Module Business Overview

3.2.1: Thin Film Solar PV Module Business Segment

3.2.2: Global Thin Film Solar PV Module Operations

3.2.3: Key Differentiators and Strengths

3.3: Products and Product Positioning

3.3.1: Product Line Overview

3.3.2: Thin Film Solar PV Module Product Mapping

3.3.3: Product Positioning in Market Segments

3.4: Markets and Market Positioning

3.4.1: Market Position in Global Thin Film Solar PV Module Business

3.5: Revenue Breakdown by Market Segments

3.6: Revenue Breakdown by Regions

3.7: Production

3.7.1: Global Manufacturing Operations

3.8: Innovation and Market Leadership

3.9: Marketing, Sales, and Organizational Capabilities

3.9.1: Marketing and Sales

3.9.2: Management Commitment and Track Record

3.10: Financial Strength

4. Sharp Profile

5. Tony Solar Profile

6. Q-Cells Profile

7. Solar Frontier Profile

8. NanoPV Solar Profile

For more information about this report visit https://www.researchandmarkets.com/r/eklvti

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Protecting the Appalachian Trail, Conserving Important Natural Lands, and Helping Local Recreation-based Economies

CANONSBURG, Pa.--(BUSINESS WIRE)--The Appalachian Trail Conservancy (Conservancy), The Conservation Fund (the Fund), and Mountain Valley Pipeline, LLC (Mountain Valley), today announced a conservation stewardship agreement that will advance the Conservancy’s work to manage and protect the Appalachian National Scenic Trail (Trail), help the Fund secure additional conservation lands for public use, and enhance Trail-related community economic development. As part of the agreement, Mountain Valley has committed up to $19.5 million for use by the Conservancy to conserve land along the Trail corridor and support outdoor recreation-based economies in Virginia and West Virginia.

“Ensuring that lands around the Appalachian Trail are conserved and connected is not only essential to protecting the most famous hiking trail in the world but also critical to preserving a wide variety of additional values,” said Laura Belleville, ATC’s Vice President of Conservation and Trail Programs. “Whether it’s conserving high-priority climate-resilient lands or safeguarding iconic vistas from the Trail, this agreement will greatly advance the pace and scale of the Appalachian Trail Conservancy’s mission-critical landscape conservation work. Protection of critical lands in Virginia and West Virginia will also help local recreation-based economies who rely on these lands to sustain a host of outdoor recreation activities.”

Dedicated for use in West Virginia and southwest Virginia, Mountain Valley’s voluntary commitment is the largest funding package in the Conservancy’s history to advance conservation efforts in a single geography. The funds are intended to benefit Trail users and communities in the region; conserve land with significant natural resource values, including climate resiliency; and support the outdoor recreation economies of local communities. The Conservancy, working with the Fund, will use Mountain Valley’s funding to secure a net conservation gain to the Trail, as well as to benefit the public natural resources of the region near the Trail, including the Jefferson National Forest.

“One of MVP’s primary objectives is the preservation and protection of our cultural, historical, and environmental resources and we are very pleased to be working with these two outstanding organizations," said Diana Charletta, president and chief operating officer, EQM Midstream Partners, operator of MVP. "We understand the sensitivities that surround the blending of large-scale infrastructure projects with environmental protection and we recognize the importance of continuing to develop major energy projects in a responsible manner.”

Charletta continued: “The Conservancy’s mission to protect, manage, and advocate for the Appalachian National Scenic Trail aligns with MVP’s desire to identify sustainable solutions that address MVP’s potential impacts and enhance conservation efforts in the region for the future. The Appalachian Trail is a national treasure and, by working together, we will provide beneficial outcomes for the region, the environment, and our communities. This agreement demonstrates that the country can continue to meet its energy needs while also providing a net benefit to the Appalachian Trail.”

More than a year ago, Mountain Valley initiated outreach to the Conservancy and the Fund, and numerous other conservation stakeholders, seeking assistance to identify and develop sustainability efforts that would complement MVP’s infrastructure project. The Conservancy raised concerns about potential impacts from the project and accepted Mountain Valley’s invitation to identify solutions. The outcome of these discussions empowers the Conservancy to acquire high-priority lands near the Trail in Virginia and West Virginia. These tracts will enhance the Trail hiker experience and protect views from numerous vantage points. Other protected tracts will create buffers for designated Wilderness Areas and safeguard climate resilient habitats.

“We are pleased to support the Appalachian Trail Conservancy’s efforts to protect key lands along the Trail to enhance outdoor access and support the recreation-based economies of nearby communities,” said Heather Richards, Virginia state director for The Conservation Fund. “We thank Mountain Valley Pipeline for its voluntary stewardship, which will advance important conservation efforts in Virginia and West Virginia.”

In addition, the agreement adds significant Trail-related benefits to the array of environmental commitments Mountain Valley will implement under federal and state permits. There is no relationship between this voluntary agreement and the various federal or state permitting decisions, and Mountain Valley will continue working directly with the agencies to fully address their concerns related to the places, resources, and public values for which they are responsible. Similarly, the Conservancy will continue to engage in the federal permitting process, as it has previously done.

Recognizing the societal controversy regarding natural gas infrastructure projects, Mountain Valley is demonstrating its willingness to acknowledge its potential impacts, as well as its responsibility to be a good corporate citizen. The agreement among Mountain Valley, the Conservancy, and the Fund will result in thousands of acres protected in perpetuity, an enhanced Trail experience, and support for communities in Virginia and West Virginia.

About Appalachian Trail Conservancy
The ATC was founded in 1925 by volunteers and federal officials working to build a continuous footpath along the Appalachian Mountains. A unit of the National Park System, the A.T. ranges from Maine to Georgia and is 2,193 miles in length. It is the longest hiking-only footpath in the world. The mission of the ATC is to protect, manage, and advocate for the Appalachian National Scenic Trail. For more information, please visit www.appalachiantrail.org.

Contact: Jordan Bowman || The Appalachian Trail Conservancy || This email address is being protected from spambots. You need JavaScript enabled to view it.

About The Conservation Fund
At The Conservation Fund, we make conservation work for America. By creating solutions that make environmental and economic sense, we are redefining conservation to demonstrate its essential role in our future prosperity. Top-ranked for efficiency and effectiveness, we have worked in all 50 states since 1985 to protect more than eight million acres of land. Visit www.conservationfund.org.

Contact: Ann Simonelli || The Conservation Fund || This email address is being protected from spambots. You need JavaScript enabled to view it.

About Mountain Valley Pipeline
The Mountain Valley Pipeline (MVP) is a proposed underground, interstate natural gas pipeline system that spans approximately 303 miles from northwestern West Virginia to southern Virginia. Subject to approval and regulatory oversight by the Federal Energy Regulatory Commission, the MVP will be constructed and owned by Mountain Valley Pipeline, LLC – a joint venture of EQM Midstream Partners, LP; NextEra Capital Holdings, Inc.; Con Edison Transmission, Inc.; WGL Midstream, Inc.; and RGC Midstream, LLC. The MVP was designed to transport clean-burning natural gas from the prolific Marcellus and Utica shale regions to the growing demand markets in the Mid-Atlantic and Southeast areas of the United States. EQM Midstream Partners, primary interest owner, will operate the pipeline. From planning and development, to construction and in-service operation – MVP is dedicated to the safety of its communities, employees, and contractors; and to the preservation and protection of the environment. Visit www.mountainvalleypipeline.info

Contact: Natalie Cox || Mountain Valley Pipeline || This email address is being protected from spambots. You need JavaScript enabled to view it.

Source: Equitrans Midstream Corporation

Natalie Cox || Mountain Valley Pipeline || This email address is being protected from spambots. You need JavaScript enabled to view it.

Avangrid Renewables to supply PPA from new 200 MW wind farm in Sherman County, Oregon.

BELLEVUE, Wash.--(BUSINESS WIRE)--Puget Sound Energy (PSE) and Avangrid Renewables, a subsidiary of AVANGRID, Inc. (NYSE: AGR), today announced an agreement that will be supplied by a new 200 megawatt wind farm, enough energy to power over 60,000 homes on an annual basis. The wind farm will be built by Avangrid Renewables in Sherman County, Oregon. The Golden Hills Wind Farm will be Avangrid Renewables’ 13^th in the Pacific Northwest and an important step toward realizing the company’s nearly 19 gigawatt project pipeline. The project will help PSE meet its goals to reduce carbon dioxide emissions while providing additional capacity to serve customers, particularly during winter periods of high electricity demand.

This agreement is part of PSE’s commitment to the environment and deep decarbonization by investing in more wind energy. PSE selected this project as part of the mix to meet the needs identified in its 2018 all source RFP. The addition of the Golden Hills wind project will increase PSE’s owned and contracted wind fleet to over 1,150 megawatts. These wind facilities form a key component in PSE’s clean energy strategy and progress towards Washington State’s clean energy goals.

“We are pleased to partner with Avangrid Renewables to continue to build on our history of championing renewable energy in the Pacific Northwest,” said David Mills, PSE Senior Vice President and Chief Strategy Officer. “This new wind project will enable us to continue to provide clean, reliable electric service to all of our customers.”

“The Golden Hills Wind Farm builds upon our strong track record of successful renewable energy projects in the Pacific Northwest,” said Alejandro de Hoz, President and CEO of Avangrid Renewables. “We are proud to continue to lead the region’s clean energy transition and provide long-term economic opportunities in rural communities.”

The Golden Hills Wind Farm will be located near the town of Wasco, Ore. Avangrid Renewables expects to complete the project by late 2021. The turbines will be spread across approximately 28,000 acres of grazing and dry-land wheat farmland held by 37 landowners.

The project is expected to deliver substantial economic benefits to the region both during construction and on an ongoing basis once operational. An estimated 250 jobs will be created or supported during the construction phase, and the facility will employ approximately 12 full time employees once it becomes operational. Golden Hills is expected to deliver over $220 million in landowner payments and local taxes over the lifetime of the project, providing a valuable source of revenue to local economies.

About Puget Sound Energy: Puget Sound Energy is proud to serve our neighbors and communities in 10 Washington counties. We’re the state’s largest utility, supporting 1.1 million electric customers and nearly 900,000 natural gas customers. For more about us and what we do, visit pse.com. Also follow us on Facebook and Twitter.

About Avangrid Renewables: Avangrid Renewables, LLC is a subsidiary of AVANGRID, Inc. and part of the IBERDROLA Group. It is a leading renewable energy company in the United States, owning and operating a portfolio of renewable energy generation facilities primarily using wind power. IBERDROLA, S.A., is an energy pioneer with the largest renewable asset base of any company in the world. Avangrid Renewables is headquartered in Portland, Oregon. For more information, visit www.avangridrenewables.com.

About AVANGRID: AVANGRID, Inc. (NYSE: AGR) is a leading, sustainable energy company with approximately $35 billion in assets and operations in 24 U.S. states. With headquarters in Orange, Connecticut, AVANGRID has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Avangrid Renewables owns and operates a portfolio of renewable energy generation facilities across the United States. AVANGRID employs approximately 6,600 people. AVANGRID supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2019 and 2020 by the Ethisphere Institute. For more information, visit www.avangrid.com.

Learn about the Iberdrola Group’s global pandemic response at its COVID-19 Hub.

Media:
Puget Sound Energy: Andrew Padula
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(888) 831-7250

Avangrid Renewables:
Morgan Pitts
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503.933.8907 (business hours)
24/7 AVANGRID Media Hotline
833.MEDIA.55 (833.633.4255)

PG&E Encourages Customers to Conserve Electricity as California ISO Declares Flex Alert on Monday

Conserve Power Between 3 p.m. and 10 p.m.

SAN FRANCISCO--(BUSINESS WIRE)--Based on current energy supply forecasts, rotating power outages are likely to occur Monday. Pacific Gas and Electric Company (PG&E) urges customers to conserve electricity in response to the California Independent System Operator’s (ISO) statewide Flex Alert called for Monday from 3 p.m. to 10 p.m. CAISO is the organization that manages the state's power grid.

The CAISO on Friday (Aug, 14) announced a series of Flex Alerts amid forecasts of extended, above-normal temperatures across California. Extreme heat is forecasted to last at least through the middle of this week. Prolonged heat through Thursday is expected to drive electricity demand higher, as nighttime temperatures are also forecast to be above average.

Outages are estimated to last one to two hours. PG&E’s Emergency Operations Center is activated and working closely with the CAISO to support this event.

Reason for Rotating Outages

Rotating outages (Stage 3 Emergencies) become necessary when the CAISO is unable to meet minimum contingency reserve requirements and load interruption is imminent or in progress. These emergencies are declared by the CAISO. During these emergencies, the CAISO will typically order the state's utilities, including PG&E, to reduce electric load by turning off service immediately to prevent larger outages on the grid. Due to the emergency nature of these outages, utilities will not be able to give advance warning to customers.

These outages are not Public Safety Power Shutoffs, which are called during specific high fire-threat conditions, and they are not related to any issues with PG&E’s equipment or its ability to deliver energy locally.

Energy Conservation Needed Now

PG&E strongly urges customers to reduce electricity use during the Flex Alert on Monday, especially during the afternoon and evening, when air conditioners are typically at peak use. Customers should also follow these conservation tips:

• Raise the thermostat: Cool homes and use air conditioners more during morning hours. Set the thermostat to 78 degrees when at home during the rest of the day, health permitting. Turn it up to 85 degrees or turn it off when not at home.
• Use a ceiling fan: Turn on a ceiling fan when using the air conditioner, which will allow the thermostat to be raised about 4 degrees to save on cooling costs with no reduction in comfort. Turn off fans and lights when you leave the room.
• Cover windows: Use shade coverings and awnings so the air conditioner won’t have to work as hard to cool the home.
• Avoid using the oven: Instead, cook on the stove, use a microwave or grill outside.
• Limit the opening of refrigerators, which are major users of electricity in most homes. The average refrigerator is opened 33 times a day.
• Clean clothes and dishes early: Use large energy-consuming appliances like washing machines and dishwashers earlier in the day or late at night after 10:00 pm.

PG&E Tips to Stay Safe and Cool

• Plan ahead: Check the weather forecast to prepare for hot days.
• Keep an emergency contact list: Keep a list of emergency phone numbers.
• Have a buddy system: Check in on elderly or people with access and function needs.
• Stay hydrated: Drink plenty of water, even when you are not thirsty.
• Stay cool: Take a cool shower or bath and wear lightweight, loose, light-colored clothing.
• Stay safe: Stay out of direct sunlight and avoid alcoholic or caffeinated beverages.

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 16 million people in Northern and Central California. For more information, visit pge.com and pge.com/news.

MEDIA RELATIONS:
415-973-5930

Supply and demand pressures due to world events emphasize the need to modernize operations for business continuity and agility

HOUSTON--(BUSINESS WIRE)--The first half of 2020 demonstrated the need for the oil and gas industry to modernize business operations for efficiency, and more importantly, for business continuity and agility. Quorum Software, the leader in digital transformation for the oil and gas industry, continues to help these businesses move ahead on technology investments in the cloud and deploy applications that fuel a productive workforce that can operate anywhere and at any time.

"Operating through oil and gas supply issues from pricing wars and loss of demand from the COVID-19 pandemic, 2020 is pressuring the integrity of business systems, processes and workflows," said Lindsey Herndon Goodgion, executive vice president and chief sales officer at Quorum Software. "The key themes in my conversations with industry leaders center on digital transformation, not necessarily for the sake of innovation, but for sustainable operation and productivity."

As the oil and gas industry works through the supply and demand pressures, business leaders are evaluating their digital journeys and technology systems to support a largely remote workforce that cannot access paper files or meet face-to-face. To address these needs, Quorum partnered with customers to provide critical solutions to business challenges in shorter timeframes and a more cost-effective manner than ever before. Through these partnerships with innovative and industry-leading customers, Quorum created new tools and processes that enable customers to take advantage of value-added solutions and updates while drastically decreasing time-to-value and overall cost.

In the first half of 2020, 60 companies partnered with Quorum on new software engagements. Additionally, 125 customers upgraded or extended their investments with Quorum. Examples of businesses that are turning to Quorum to advance their modernization strategies include:

• Greylock Energy, an Appalachia-based upstream and midstream operator, chose Quorum to support its move to a mobile, cloud-based program to unite separate functions and work remotely.
• Black Bear Transmission LLC, a new pipeline company that transports natural gas, selected Quorum's gas pipeline software, measurement software, and measurement services to ensure compliance with regulatory requirements and support growth.
• Secure Energy, a leading midstream infrastructure solutions company, implemented FLOWCAL to validate its measurement data and support its mission to reduce costs and generate the highest returns.
• An independent oil and natural gas company focused on the acquisition, development, exploration, and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin kicked-off a transformative land and energy ERP initiative using remote project teams to implement Quorum land management.
• Castleton Resources LLC, an upstream natural gas-focused exploration and production company, rapidly upgraded five Quorum products in accounting, land, and gathering and processing in less than six months, on time and on budget.

"Operational efficiency is critical to sustaining or growing a business through volatile times," said Craig Jarchow, president and chief executive officer of Castleton Resources. "We have taken advantage of several macro and micro factors to enhance our strategic vision as a consolidator of E&P assets, so as we continue to grow, it was critical for us to have the latest technology to support our business and easily integrate any future acquisitions into our technology stack."

Oil and gas companies cannot risk lengthy and costly transformations that result in fragmented systems or processes. Quorum's Rapid Deployment Methodology, which uses industry-standard configurations to accelerate implementation times, reduce costs, and drive successful software adoptions, further demonstrates the company's commitment to innovate battle-tested, purpose-built solutions and processes. The result delivers reliable and updated software solutions at unparalleled speeds.

"As the world grapples with this new normal, companies will continue to streamline field operations, improve the flow of data across functions, and make critical decisions to maintain business continuity in these uncertain times," said Lindsey Herndon Goodgion. "As a 'battle-proven' and responsive partner, Quorum is prepared to help our customers future-proof their workflows and plan for the exchange of data completely online."

Quorum published research "Modernizing Oil and Gas: Insights on the State of the Industry," which analyzed the attitudes and viewpoints of IT decision-makers in the oil and gas industry to understand the gap in the adoption of technology that is proven to drive more efficient and agile operations. The company's research also produced industry case studies on modernization for Concho Resources and Titan Rock Exploration & Production. Read how Quorum's solutions are helping companies on their digital transformation journeys at https://resources.quorumsoftware.com/modernizing-oil-and-gas.

About Quorum Software

Quorum Software offers an industry-leading portfolio of finance, operations and accounting solutions that empower our customers to streamline operations that drive growth and profitability across the energy value chain. From supermajors to startups, from the wellhead to the city gate, energy businesses rely on Quorum. Designed for digital transformation, the myQuorum software platform delivers open standards, mobile-first design and cloud technologies to drive innovation. We're helping visionary leaders transform their companies into modern energy workplaces. For more information, visit www.quorumsoftware.com.

Media Contact:
Jenna Billings
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617-502-4342

SAN ANTONIO--(BUSINESS WIRE)--Abraxas Petroleum Corporation (“Abraxas” or the “Company”) (NASDAQ:AXAS) today announced that its Board of Directors has determined to renew the strategic alternatives review announced last October and led by Petrie Partners, LLC (“Petrie”).

“Petrie has been a great partner for Abraxas in the past,” said Bob Watson, Abraxas CEO. “Now that we have successfully amended our agreements with Angelo Gordon and our banks, we look forward to working with Petrie to examine ways to optimize value. Our strong, concentrated asset bases in the Delaware and Williston Basins, as well as our excellent hedge book, position Abraxas for success on a standalone basis and also make us an attractive transaction partner.” Petrie’s Jon Hughes and Richard Moss will lead the engagement.

Abraxas Petroleum Corporation is a San Antonio based crude oil and natural gas exploration and production company with operations across the Rocky Mountains and Permian Basin.

Safe Harbor for forward-looking statements: Statements in this release looking forward in time involve known and unknown risks and uncertainties, which may cause Abraxas’ actual results in future periods to be materially different from any future performance suggested in this release. Such factors may include, but may not be necessarily limited to, changes in the prices received by Abraxas for crude oil and natural gas. In addition, Abraxas’ future crude oil and natural gas production is highly dependent upon Abraxas’ level of success in acquiring or finding additional reserves. Further, Abraxas operates in an industry sector where the value of securities is highly volatile and may be influenced by economic and other factors beyond Abraxas’ control. In the context of forward-looking information provided for in this release, reference is made to the discussion of risk factors detailed in Abraxas’ filings with the Securities and Exchange Commission during the past 12 months.

Steve Harris/Vice President – Chief Financial Officer
Telephone 210.490.4788
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www.abraxaspetroleum.com

Affordable Clean Energy Rates and Quality Service Mark Company’s Plan

HOUSTON--(BUSINESS WIRE)--#cleanenergy--Sunrise Power & Gas, a provider of clean energy to homes and small businesses, today announced its launch in the five-county Philadelphia region and the Lehigh Valley.

Founded by energy industry veterans, Sunrise Power & Gas offers affordable electricity powered by 100 percent solar energy or 100 percent wind energy. Service is backed by an award-winning team that has served more than 500,000 residential and business customers over the last 18 years.

“Our goal is to connect homeowners and small business owners to affordable, clean energy backed by excellent service,” said Sunrise Power & Gas CEO Neville Ravji. “We’re excited to enter Pennsylvania and look forward to being a good neighbor in the areas we serve.”

Ravji, an alumnus of the Wharton School at the University of Pennsylvania and a die-hard Philadelphia Eagles fan, along with his co-founder and COO of Sunrise Power & Gas, Mohsin Hassan, have been serving customers in the retail energy space since 2002. Their last company Volterra Energy was in the top 100 of the Inc. 5000, Inc. magazine’s list of fastest growing companies in the US in both 2016 and 2017. The company’s brands also won numerous accolades from the Better Business Bureau, including a Pinnacle Award and multiple Excellence Awards.

“Our goal is to provide customers in Pennsylvania with a highly affordable clean energy choice through simple electricity plans,” said Hassan. “Let’s work together to preserve our planet by using clean energy.”

Sunrise Power & Gas initially will serve the Philadelphia region and the Lehigh Valley and plans to expand into other parts of the state later this year.

Homeowners and small business owners can easily switch to Sunrise Power & Gas by visiting SunrisePowerandGas.com. Sunrise Power & Gas offers affordable fixed rates, no enrollment or cancellations fees and no requirement for new equipment. Switching is very easy; with a few clicks or with just a phone call, customers can “go green” and help save the planet at rates that are very budget-friendly.

About Sunrise Power & Gas

Sunrise Power & Gas is a retail energy provider founded by industry experts with more than 70 years of industry experience. Currently serving customers in Pennsylvania, the team has served over 500,000 residential and commercial customers and won numerous Better Business Bureau customer service awards over the years. The previous enterprise managed by the team was in the top 100 list of Inc. Magazine’s list of fastest growing private companies in the US two years running. Visit www.SunrisePowerandGas.com for more information.

Tom Gailey
GaileyMurray Communications
484-368-3321
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TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE:OC) is celebrating the 40^th anniversary of its relationship with The Pink Panther™. Through the years, the iconic MGM character and company “spokescat” has grown to become one of the world’s most recognizable and beloved brand mascots.

Owens Corning began partnering with The Pink Panther to promote sales of PINK^® Fiberglas™ insulation on August 15, 1980. Since that time, the suave cartoon character has starred in countless television, print, and digital media promotions for the company and its businesses. The Pink Panther also adorns the vehicles of hundreds of select contractors, distributors and builders working with the company’s Roofing and Insulation businesses.

“The relationship between Owens Corning and The Pink Panther is nothing short of remarkable,” said Suzanne Harnett, Owens Corning’s Vice President of Corporate Affairs. “For 40 years, The Pink Panther has been a smart and stylish ambassador for our company speaking persuasively to our brand promise despite never uttering a word.”

Robert Marick, MGM’s Executive Vice President Global Consumer Products and Experiences, said, “Marking 40 years of The Pink Panther as spokesperson for Owens Corning is a true moment to celebrate. It’s rare that you see a promotional relationship like this continue for decades. It speaks to both the timelessness and universal appeal of The Pink Panther, as well as Owens Corning’s ability to make him an integral part of their marketing and platforms.”

The company’s enduring relationship with The Pink Panther began the same year that saw the introduction of CNN, Pac-Man, and Post-it^® Notes, and it has since coincided with the terms of seven U.S. presidents.

The concept for pairing The Pink Panther with Owens Corning was first suggested by Roger Butler, an executive at the New York-based advertising agency Ogilvy & Mather. The association was natural given the color of the company’s insulation, which has brandished its distinctive pink hue for more than 60 years. The color was added in 1956 when the company was testing a new form of the product. It distinguished the new all-fiber product from the standard insulation for installers who liked the new option and began asking for “the pink insulation.” After demonstrating decades of widespread use of the color PINK^®, Owens Corning became the first company to receive a trademark for a color, on May 12, 1987.

The Pink Panther was developed by animation cartoonists Friz Freleng and David Depatie as the opening title sequence for the 1964 film, “A Shot in the Dark,” starring Peter Sellers. The film was a box-office hit, but no less compelling was the sly, breezy Pink Panther himself. As a result, his movie career was expanded into animated cartoons, books, merchandise and ultimately, a starring turn as brand mascot for Owens Corning.

About Owens Corning

Owens Corning is a global building and industrial materials leader. The company’s three integrated businesses are dedicated to the manufacture and advancement of a broad range of insulation, roofing and fiberglass composite materials. Leveraging the talents of 19,000 employees in 33 countries, Owens Corning provides innovative products and sustainable solutions that address energy efficiency, product safety, renewable energy, durable infrastructure, and labor productivity. These solutions provide a material difference to the company’s customers and make the world a better place. Based in Toledo, Ohio, USA, the company posted 2019 sales of $7.2 billion. Founded in 1938, it has been a Fortune 500^® company for 66 consecutive years. For more information, please visit www.owenscorning.com.

About Metro Goldwyn Mayer

Metro Goldwyn Mayer (MGM) is a leading entertainment company focused on the production and global distribution of film and television content across all platforms. The company owns one of the world’s deepest libraries of premium film and television content as well as the premium pay television network EPIX, which is available throughout the U.S. via cable, satellite, telco and digital distributors. In addition, MGM has investments in numerous other television channels, digital platforms, and interactive ventures and is producing premium short-form content for distribution. For more information, visit www.mgm.com.

About The Pink Panther

Created in 1963, The Pink Panther is an animated character who appeared in the opening and/or closing credit sequences of almost every film in “The Pink Panther” series. The character's popularity resulted in more than 125 theatrical shorts and various television series, specials and cartoons. The character is closely associated with "The Pink Panther Theme," composed by Henry Mancini. More than 50 years later, The Pink Panther continues to be discovered by new generations and remains one of MGM’s most well-known franchises due to its captivating charm that appeals to all ages. The Pink Panther has left his mark on pop culture through collaborations with a number of top fashion brands. The combination of The Pink Panther and Owens Corning has resonated with consumers since the partnership’s inception, but last year things were taken to a new level when style icon Virgil Abloh used PINK^® Fiberglas™ insulation to create his Pink Panther: Scales of Justice exhibit, which made its debut at the Museum of Contemporary Art in Chicago.

THE PINK PANTHER™ & © 1964-2020. Metro-Goldwyn-Mayer Studios Inc. All Rights Reserved.

Owens Corning Company News

Media Inquiries
Todd M. Romain (419.248.7826)

HOUSTON--(BUSINESS WIRE)--Covenant Testing Technologies, LLC ("Covenant”) announced today that it has combined with Stuart Pressure Control ("Stuart") to form the premier provider of Well Flow & Sand Management and Pressure Control Solutions in the Permian, DJ, Eagle Ford and Haynesville. The transaction is a debt-free, equity-for-equity combination whereby Catapult Energy Services Group, LLC, an NGP and NGP Energy Technology Partners portfolio company, and affiliates of White Deer Energy will partner together under common equity ownership in Covenant.

Covenant now represents the leading provider of flowback, production and sand management, and pressure control products and associated services. The combined strength of Covenant’s well flow technology and Stuart’s pressure control offering creates the largest independent well flowback and pressure control provider in the Permian, DJ, Eagle Ford, and Haynesville. The combined company’s blue-chip customer base will benefit from the expanded product and service offerings to deliver superior value to their completion, production, and workover applications. This platform drives deeper focus and talent into the areas Covenant and Stuart are known for – well flowback and pressure control. The Company’s pressure control lines now consist of frac stacks, Single Line®, zipper manifolds, wireline PC, drill outs, torque & test, and blow-out preventers (BOPs). The well flow management lines now consist of flowback, well testing, sand management and production site management services.

Stuart’s Chairman and CEO, Joe Compofelice, commented, “In this new oil price environment, consolidation in the oilfield services business is necessary, and partnering with Covenant will make us both stronger and able to retain and build on our leading positions in the marketplace.”

Jim Burtner, President and CEO of Covenant, will lead the combined businesses. Mr. Burtner has extensive oilfield service experience, largely focused on completions, production services and technologies as a Vice-President of Baker Hughes and Partner at Select Energy Services. Mr. Burtner commented, "By combining our people, assets and systems in accordance with our core values and safety culture, the combined company will deliver superior equipment and service to the well site from frac to production. With our expanded service offerings, our competitiveness in each business line will increase and enable us to be more efficient and cost-effective for our customers. “

Greg Laake will continue as Managing Partner of Catapult Energy Services Group and take a strategic role as Executive Chairman at Covenant. Mr. Laake remarked, “Bringing together two top-flight field organizations under one set of professional management with a strong performance culture makes all the sense in the world. We will continue to seek efficiency and cost reductions in the industry to provide a better value proposition to our combined customer base. We are pleased to partner with White Deer Energy as we continue to seek efficiencies and deliver value in this market segment.”

FMI Capital Advisors served as exclusive financial advisor to Covenant and Locke Lord LLP served as legal counsel in the transaction. Bracewell LLP served as legal counsel for Stuart.

About Stuart Pressure Control & White Deer Energy

Stuart Pressure Control offers a complete pressure control package for unconventional oil and gas development. Stuart’s customers benefit from the cost savings associated with purchasing complete pressure control services from one vendor, as well as from their safer and more efficient well site environments. Stuart was a portfolio company of White Deer Energy, a leading energy, industrials, and infrastructure focused private equity firm that has raised in excess of $2.7 billion in committed capital since inception. White Deer will continue to be a shareholder in Covenant.

About Covenant Testing Technologies

Covenant combines high-quality equipment and leading technology with some of the most skilled and knowledgeable operators in the business. Covenant provides best-in-class flowback and well testing services with a special focus on horizontal and pad drilling for the upstream oil and gas services industry.

About Catapult Energy Services Group

Catapult uses an innovative approach to invest in start-ups, acquisitions, and workout situations in the oilfield services sector. Led by experienced OFS professionals, Catapult is funded by NGP and NGP Energy Technology Partners.

About NGP

Founded in 1988, NGP is a premier private equity firm in the natural resources industry with over $20 billion of cumulative equity commitments organized to make strategic investments in the energy and natural resources sectors. For more information, visit www.ngpenergycapital.com.

About NGP Energy Technology Partners

NGP Energy Technology Partners (“NGP ETP”) invests equity capital for growth and buyout transactions in companies that provide products and services to the oil and gas, power, environmental, energy efficiency, and alternative energy sectors. Founded in 2005, NGP ETP manages approximately $500 million in committed capital and is led by investment professionals that have extensive experience investing in those subsectors. The investment team strives to partner with strong, experienced management teams and work with them to create significant value.

Covenant Testing Technologies, LLC:
Gregory D. Laake
Executive Chairman
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Tel: 832.539.7021

LOS ANGELES--(BUSINESS WIRE)--AECOM (NYSE:ACM), the world’s premier infrastructure consulting firm, announced today that Troy Rudd, AECOM’s chief executive officer, will participate in a fireside chat hosted by Citi on August 19^th at 11 a.m. Eastern Time. The discussion will include prepared remarks and a question and answer session, with a focus on the Company’s strategic and financial priorities.

“I am proud of how the organization has banded together to deliver exceptional performance despite the unprecedented challenges facing our teams, clients, and the communities in which we work,” said Mr. Rudd. “I look forward to discussing in more detail how, in partnership with Lara Poloni, our president, and our great leadership team, we are continuing our transformation into a higher-margin, lower-risk Professional Services business with a key objective of creating value for all stakeholders.”

Key Topics to Be Discussed

• AECOM’s vision for creating value for all stakeholders, including its employees, clients and shareholders as the world’s premier infrastructure consulting firm.
• How investments in teams, innovation and leading the industry’s digital transformation, and an emphasis on equity, diversity, and inclusion creates a Company that is sought after by the industry’s most talented people to build their careers.
• The Company’s focus on driving efficiencies across its operations to ensure continued strong client delivery and improved profitability.
• The Company’s capital allocation priorities that include creating industry-leading shareholder value through a highly cash generative business model, strong balance sheet and capital to invest in teams, innovations and to return to shareholders over time.

AECOM’s momentum was underscored by its recently announced fiscal third quarter results that included a seventh-consecutive quarter of double-digit adjusted EBITDA¹ growth and a 13.2% segment adjusted operating margin^{1, 2} that reflected a 250 basis point improvement over the prior year. As a result, the Company increased its full year adjusted EBITDA guidance on August 4, 2020 to between $720 million and $740 million, which would reflect 11% growth at the mid-point of the range and mark a second consecutive quarter of double-digit earnings growth.

Associated materials will be posted online at https://investors.aecom.com, where available.

¹ Excludes the impact of non-operating items, such as non-core operating losses and transaction-related expenses, restructuring costs and other items. See Regulation G Information for a complete reconciliation of Non-GAAP measures.

² Reflects segment operating performance, excluding AECOM Capital.

About AECOM

AECOM (NYSE:ACM) is the world’s premier infrastructure consulting firm, delivering professional services throughout the project lifecycle – from planning, design and engineering to program and construction management. We partner with our clients in the public and private sectors to solve their most complex challenges and build legacies for generations to come. On projects spanning transportation, buildings, water, governments, energy and the environment, our teams are driven by a common purpose to deliver a better world. AECOM is a Fortune 500 firm with revenue of approximately $20.2 billion during fiscal year 2019. See how we deliver what others can only imagine at aecom.com and @AECOM.

Forward-Looking Statements

All statements in this communication other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including any statements of the plans, strategies and objectives for future operations, profitability, strategic value creation, coronavirus impacts, risk profile and investment strategies, and any statements regarding future economic conditions or performance, and the expected financial and operational results of AECOM. Although we believe that the expectations reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include, but are not limited to, the following: our business is cyclical and vulnerable to economic downturns and client spending reductions; impacts caused by the coronavirus and the related economic instability and market volatility, including the reaction of governments to the coronavirus, including any prolonged period of travel, commercial or other similar restrictions, the delay in commencement, or temporary or permanent halting of construction, infrastructure or other projects, requirements that we remove our employees or personnel from the field for their protection, and delays or reductions in planned initiatives by our governmental or commercial clients or potential clients; losses under fixed-price contracts; limited control over operations run through our joint venture entities; liability for misconduct by our employees or consultants; failure to comply with laws or regulations applicable to our business; maintaining adequate surety and financial capacity; high leverage and potential inability to service our debt and guarantees; exposure to Brexit; exposure to political and economic risks in different countries; currency exchange rate fluctuations; retaining and recruiting key technical and management personnel; legal claims; inadequate insurance coverage; environmental law compliance and adequate nuclear indemnification; unexpected adjustments and cancellations related to our backlog; partners and third parties who may fail to satisfy their legal obligations; AECOM Capital real estate development projects; managing pension cost; cybersecurity issues, IT outages and data privacy; risks associated with the benefits and costs of the Management Services transaction, including the risk that the expected benefits of the Management Services transaction or any contingent purchase price will not be realized within the expected time frame, in full or at all; the risk that costs of restructuring transactions and other costs incurred in connection with the Management Services transaction will exceed our estimates or otherwise adversely affect our business or operations; as well as other additional risks and factors that could cause actual results to differ materially from our forward-looking statements set forth in our reports filed with the Securities and Exchange Commission. Any forward-looking statements are made as of the date hereof. We do not intend, and undertake no obligation, to update any forward-looking statement.

Investor Contact:
Will Gabrielski
Senior Vice President, Investor Relations
213.593.8208
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Media Contact:
Brendan Ranson-Walsh
Vice President, Global Communications & Corporate Responsibility
213.996.2367
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Former Board Chair Mike Brothers Leads Financial Initiative

DENVER--(BUSINESS WIRE)--OmniTRAX, one of the fastest growing railroads in North America and an affiliate of The Broe Group, announces Mike Brothers will chair its newly established Audit Committee as part of the company’s strategic growth plan. Audit activities were previously the responsibility of the entire board. The Audit Committee will be comprised of OmniTRAX board members, Broe family members and management representatives, and commences its work immediately.

“Given our dramatic pace of growth, we’ve reached the point where a formal committee’s collaborative guidance can really provide invaluable insights to help our executive team leverage our financial performance,” said Kevin Shuba. “Mike’s knowledge of the company from working with us for 20 years and his leadership will help the Audit Committee provide the guidance to enable strong fiscal agility and certainty as we weigh future strategic opportunities.”

Known for its best-in-class service and safety industry performance, OmniTRAX’s enhanced attention to its financial reporting positions the company to build on its record-setting performance. The Audit Committee is tasked with delivering industry-leading financial reporting and analysis to inform company strategy.

Brothers, a founding OmniTRAX board member, participated in the recruitment of the current management team and its most recent board additions, and is uniquely qualified to lead the new committee’s work directly supporting company leadership.

“OmniTRAX assembled a world class leadership team that continues to post impressive growth,” said Mike Brothers. “Our committee work will ensure that leadership has the critical financial tools to maintain its extraordinary trajectory.”

A Chicago native, Brothers currently serves as managing director in debt capital markets for Fifth Third Bank and combines two decades of transportation experience with an extensive career aiding privately held entrepreneurial businesses. He graduated from Bradley University and holds a MBA from The University of Notre Dame.

About OmniTRAX, Inc.

As one of North America’s largest and fastest growing private railroad and transportation management companies, OmniTRAX's core capabilities range from providing transportation and supply chain management services to railroad and port companies, to providing intermodal and industrial switching operations to railroads, ports and a diverse group of industrial companies. Through its affiliation with The Broe Group and its portfolio of managed companies, OmniTRAX also has the unique capability of offering specialized industrial development and real estate solutions, both on and off the rail network managed by OmniTRAX. More information is available at omnitrax.com.

About The Broe Group

Based in Denver, The Broe Group and its affiliates form a privately-owned, multi-billion-dollar real estate, transportation, energy and investment organization with assets owned and managed across North America. Together, Broe managed companies employ more than 1,000 people and support employment of thousands of others through operations such as its Great Western Industrial Park in Northern Colorado. Its transportation affiliate, OmniTRAX, Inc., is one of North America’s largest private railroad and transportation management companies specializing in: management services, railroad and port services, intermodal solutions and industrial switching operations. Its energy affiliates include Great Western Petroleum LLC, the largest private operator in the third most prolific U.S. basin. Broe Real Estate Group acquires, develops and manages office and industrial properties, medical office buildings and multi-family communities across the country, including premier assets in many of the most desirable markets. The Broe Group also has multiple investment affiliates, including Three Leaf Ventures, which is focused on innovative healthcare technology start-ups. For more information, visit broe.com.

Media:
Ronald Margulis
RAM Communications
+1 908.272.3930
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SAN FRANCISCO--(BUSINESS WIRE)--CAI International, Inc. (“CAI” or the “Company”) (NYSE: CAI), announces the completion of an agreement to sell substantially all of the assets of its logistics business to NFI, on a debt free, cash free basis. In connection with the sale, substantially all of CAI’s employees of the logistics business were hired by NFI. The sale consideration consisted primarily of payment for the estimated net working capital of CAI’s logistics business as of the closing date, subject to adjustment 180 days after closing to reconcile to the actual net working capital as of the closing date.

Timothy Page, Interim President and Chief Executive Officer of CAI, commented, “The sale of our logistics business is a key step towards our goal of maximizing shareholder returns by focusing all of our resources on our core container leasing business.”

About CAI International, Inc.

CAI is one of the world’s leading transportation finance companies. As of June 30, 2020, CAI operated a worldwide fleet of approximately 1.7 million CEUs of containers. CAI operates through 22 offices located in 12 countries including the United States.

About NFI

NFI is a fully integrated North American supply chain solutions provider headquartered in Camden, N.J. Privately held by the Brown family since its inception in 1932, NFI generates more than $2 billion in annual revenue and employs more than 13,000 associates. For more information about NFI, visit www.nfiindustries.com or call 1-877-NFI-3777.

Tim Page, Interim President and Chief Executive Officer
(415) 788-0100
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DUBLIN--(BUSINESS WIRE)--The "Tight Gas Market Size, Share & Trends Analysis Report by Application (Industrial, Power Generation, Residential, Commercial, Transportation), by Region, and Segment Forecasts, 2020 - 2027" report has been added to ResearchAndMarkets.com's offering.

The global tight gas market demand is expected to reach 15,452.3 billion cubic feet (BCF) by 2027, ascending at a CAGR of 5.02% from 2020 to 2027.

The rise in government policies for clean fuel production, along with the deployment of advanced drilling technologies across several countries, is likely to drive the market over the forecast period.

Tight gas, a form of natural gas, is regarded as a reliable energy source for power generation and occupies the second-largest share of energy supply in the global electricity generation after coal. The share of tight gas is bound to increase over the coming years in response to the environmental and economic limits of coal generation, at least in countries where natural gas is a viable alternative. This heavy end-use application is expected to positively influence the tight gas industry landscape.

The tight gas supply chain includes production and processing, gas transmission and storage, and distribution to large volume customers, residential customers, and commercial customers. The convergence of multi-stage hydraulic fracturing and horizontal drilling has enabled the industry participants to produce natural gas from tight formations in an economic manner. The development of these advanced techniques is expected to strengthen the upstream segment of the supply chain.

Stable regulatory and fiscal policies, adoption of advanced technologies, decreasing drilling and well completion costs, along with growing investments from international market players, are among the key factors for sustaining the competitiveness of the tight gas industry. Moreover, the profitable production of tight gas depends on the accessible demand markets for it, such as electricity generation, industrial thermal sector, building thermal sector, and others.

Companies Mentioned

• Royal Dutch Shell PLC
• ConocoPhillips
• PetroChina Company Limited
• Exxon Mobil Corporation
• Chevron Corporation
• Chesapeake Energy Corporation
• Equinor ASA
• Repsol SA
• Southwestern Energy Company
• Sinopec Oilfield Service Corporation

Tight Gas Market Report Highlights

• The industrial application segment accounted for the largest market share in 2019 owing to utilization of tight gas in various applications in industries such as for production of fertilizers, chemical plants, iron and steel plants, and in various other industries
• The power generation application segment is expected to expand at the fastest growth rate in the forecast period owing to rise in environmental concerns regarding coal-based power generation plants, coupled with major countries around the world switching towards natural gas-based power generation plants
• North America occupied a dominant market position in 2019, with the U.S. being touted as the major contributor across the region. Development of advanced drilling technology, along with the presence of abundant tight gas reserves, is anticipated to propel market growth over the forecast period in the region
• The rest of the world is expected to witness the fastest growth over the forecast period. Countries such as China and Argentina are expected to dominate the region over the forecast period owing to the presence of favorable policies and financial support from the government for tight gas development
• The transportation application segment is estimated to expand at a significant CAGR over the forecast period owing to rise in environmental concerns regarding the usage of diesel and gasoline fuel, coupled with a rise in the adoption of compressed natural gas (CNG) fueled vehicles in major countries around the world.

Key Topics Covered:

1 Methodology and Scope

2. Executive Summary

3. Market Definitions

4. Tight Gas Market Variables, Trends & Scope

4.1. Market Size and Growth Prospects

4.2. Industry Value Chain Analysis

4.3. Technology Overview

4.3.1. Technology Trends

4.4. Regulatory Framework

4.4.1. Standards & Compliances

4.4.2. Safety

4.5. Market Dynamics

4.5.1. Market Driver Analysis

4.5.1.1. Advancement in Drilling Technology

4.5.1.2. Favorable Government Policies

4.5.2. Market Restraint Analysis

4.5.2.1. High Production Cost

4.6. Business Environment Analysis Tools

4.6.1. Industry Analysis - Porter's

4.6.2. PESTEL Analysis

5. Tight Gas Market Application Outlook

5.1. Tight Gas Market, By Application, 2019 & 2027

5.2. Industrial

5.2.1. Market Estimates and forecasts by region, 2016 - 2027 (Volume, BCF, Revenue, USD Billion)

5.3. Power Generation

5.3.1. Market Estimates and forecasts by region, 2016 - 2027 (Volume, BCF, Revenue, USD Billion)

5.4. Residential

5.4.1. Market Estimates and forecasts by region, 2016 - 2027 (Volume, BCF, Revenue, USD Billion)

5.5. Commercial

5.5.1. Market Estimates and forecasts by region, 2016 - 2027 (Volume, BCF, Revenue, USD Billion)

5.6. Transportation

5.6.1. Market Estimates and forecasts by region, 2016 - 2027 (Volume, BCF, Revenue, USD Billion)

6. Tight Gas Market Regional Outlook

6.1. Tight Gas Market, By Region, 2019 & 2027

6.2. North America

6.3. RoW

7. Competitive Landscape

7.1. Key Global Players, Recent Market Developments & Their Impact on the Industry

7.2. Vendor Landscape

8. Company Analysis

For more information about this report visit https://www.researchandmarkets.com/r/szw8uh

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DUBLIN--(BUSINESS WIRE)--The "LPG Market Outlook" report has been added to ResearchAndMarkets.com's offering.

Tactical LPG Forecasting

Featuring proprietary supply, demand and trade forecasts, this new outlook provides insight into changing trends and market patterns, allowing market participants to identify and take advantage of opportunities in the global LPG market. The LPG Market Outlook provides a reliable, forward-looking perspective that empowers users to make critical business decisions with confidence. The publisher has been a trusted advisor to the LPG industry since the 1970s. With unrivalled expertise and the most capable team of LPG professionals in the world, the publisher is pleased to bring its wealth of knowledge to clients.

Market Insight

The LPG Market Outlook identifies where patterns of demand are changing, when demand is likely to be higher, the timing of market dynamics, the scope of shifts in demand and forward-looking arbitrage opportunities.

Unmatched Expertise

The publisher's many years of experience in LPG markets provides a deep understanding of the competitive landscape. Whether it's shipping operations, planning and logistics, cancellations, the impact of external events - weather, outages, politics or oil price spikes and more - put the publisher's insight to work for you.

Identifying Demand-Side Opportunities

The LPG Market Outlook includes 18-month demand forecasts for all major LPG importers, allowing market participants to focus on countries where there may be opportunities to sell. Information about demand changes due to seasonality, petrochemical expansions, turnarounds and overall growth high-light opportunities in importing countries.

The LPG Market Outlook identifies where patterns of demand are changing, when demand is likely to be higher, the timing of markets dynamics, the scope of shifts in demand and forward-looking arbitrage opportunities. LPG Market Outlook includes insight on trade patterns and flows, exports and imports by country and region.

In addition to the monthly report, clients receive an Excel data supplement with supply by source, total trade and domestic demand for key countries, enabling users to adjust the forecasts in line with their own books.

Key Topics Covered

1. Global Overview
2. Norway/Russia
3. United States
4. Italy/UK
5. Portugal/Japan
6. India/Canada
7. Economics

For more information about this report visit https://www.researchandmarkets.com/r/jxuk7p

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Laura Wood, Senior Press Manager
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DUBLIN--(BUSINESS WIRE)--The "Marine Engines - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

The publisher brings years of research experience to the 8th edition of this report. The 278-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Global Marine Engines Market to Reach $15.1 Billion by 2027

Amid the COVID-19 crisis, the global market for Marine Engines estimated at US$12.7 Billion in the year 2020, is projected to reach a revised size of US$15.1 Billion by 2027, growing at a CAGR of 2.5% over the period 2020-2027.

Commercial Vessels, one of the segments analyzed in the report, is projected to record 2.4% CAGR and reach US$10.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Offshore Support Vessels segment is readjusted to a revised 2.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $3.4 Billion, While China is Forecast to Grow at 4.7% CAGR

The Marine Engines market in the U.S. is estimated at US$3.4 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$3 Billion by the year 2027 trailing a CAGR of 4.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.6% and 1.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.1% CAGR.

Competitors identified in this market include, among others:

• Caterpillar, Inc.
• Cummins, Inc.
• General Electric Company
• Hyundai Heavy Industries Co., Ltd.
• MAN SE
• Mercury Marine Inc.
• Mitsubishi Heavy Industries Marine Machinery & Equipment Co. , Ltd.
• Rolls-Royce Holdings PLC
• Volvo Penta
• Wartsila Corporation

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Global Competitor Market Shares
• Marine Engines Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
• Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

Total Companies Profiled: 41

For more information about this report visit https://www.researchandmarkets.com/r/c8paoe

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For E.S.T Office Hours Call 1-917-300-0470
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DUBLIN--(BUSINESS WIRE)--The "LPG in World Markets" report has been added to ResearchAndMarkets.com's offering.

LPG in World Markets provides comprehensive information, analysis and data on the global LPG brokerage market.

The report provides global coverage of contract and spot LPG pricing, supply and demand, spot transactions, LPG shipping fixtures and trends, and monthly fundamentals data for the major LPG brokerage markets.

Clients benefit from in-depth features and analysis on key issues affecting the industry, along with developments in the Middle East, Asia Pacific and the Americas. We place particular emphasis on industry trends and fundamental analysis of trade flows and supply and demand.

Every issue of LPG in World Markets includes:

• LPG contract and spot prices
• LPG spot transactions
• LPG shipping fixtures and trends
• Monthly LPG export and import volumes for the major producing and consuming regions
• Industry developments and trends
• First published in 1980, LPG in World Markets is critical reading for anyone involved in the international LPG markets, strategic planners, operations teams, project developers and market analysts.

Here are just of few of the areas LPG in World Markets covers in-depth:

• Country-level analysis of supply and demand fundamentals
• Coverage of petrochemical economics and demand for LPG as a feedstock
• Analysis of shipping trends and fleet changes for VLGC, LGC, MGCs and other vessels
• Information on direction of trade including East/West voyages, spot deals and overall market trends.
• Discussions of arbitrage economics, the impact of changes in shipping rates and the benefits of various shipping methods

The report is published monthly. Subscribers also receive the LPG Yearbook, released in the first quarter of each year, which summarizes and reviews the past year's events.

Key Topics Covered

1. US
2. Europe/Med
3. Shipping
4. Direction of Trade
5. Market Values
6. Asia
7. Appendix

Companies Mentioned

• Astomos
• BPCL
• Geogas
• Gunvor
• HPCL
• IOC
• Itochu
• Petredec
• SK Gas
• Shell
• Sibur
• Trafigura
• Vitol

For more information about this report visit https://www.researchandmarkets.com/r/bz4mqq

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.

For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900