LAS VEGAS--(BUSINESS WIRE)--SMK Electronics Corporation, U.S.A. today announced that it will showcase several new additions to its Energy Harvesting Technology at CES 2023. New solutions from SMK’s SCPS Bluetooth® Ambient Sensor, a CES 2022 Innovation Awards Honoree in 2021, include wireless power transmission and the utilization of solar or ambient light to provide energy for the powering of devices.
Additionally, SMK will be showcasing its advanced Gen 2 SCPS Bluetooth® Ambient Sensor and Gen 2 Rectenna Sheet in its passive Energy Harvesting presentation at CES 2023 (Booth #52360 Venetian Expo, January 5th-8th, 2023, Las Vegas).
“With recent advancements in extreme low power micro-controllers, the time is right for utilization of SMK's Energy Harvesting Technology,” said Paul Evans, President of SMK Electronics Corporation, U.S.A. “Creating a new class of IoT and remote control devices, products utilizing SMK’s Energy Harvesting may either feature significantly extended battery life, or bypass the use of batteries all together."
“In presenting our new Energy Technology, SMK will be demonstrating the harvesting of microwave type energy to power IoT devices,” added Mr. Evans, “displaying the amount of energy gathered, together with that received by the device. Additionally, we’ll be demonstrating a new ambient light harvesting remote control – an input device designed to mitigate or eliminate the use of batteries.”
SMK’s Gen 2 SCPS Bluetooth® Ambient Sensor
The next generation of SMK’s award-winning SCPS Sensor, the Gen 2 SCPS Sensor, collects ambient information such as temperature, humidity, luminance, CO2, air pressure, accelerometer, and ambient sound. The Gen 2 SCPS Sensor (a completely battery free device) can transmit that information via Bluetooth to an e-paper display with its own self-contained power source.
About SMK Electronics
SMK Electronics Corporation, U.S.A., the U.S. division of SMK Corporation, is a world leader in the manufacture of OEM remote controls, IoT devices, electronic components, sensors, automotive-grade cameras and a variety of advanced high-speed connectors. Serving consumer electronics, auto manufacturing and building automation markets in the U.S., SMK Electronics is positioned, through local R&D and manufacturing facilities, to provide the most technologically advanced, robust, and cost-effective products available. Learn more at http://www.smkusa.com.
Bluetooth is a trademark of Bluetooth Sig, Inc.
Media Contact
Keith M. Roberts
SMK Electronics Corporation, U.S.A.
Tel: +1 (805) 312-5546
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High-Growth Intermodal Logistics Solutions Provider to Continue Geographic and Service Line Expansion
CHARLOTTE, N.C. & BOSTON--(BUSINESS WIRE)--Ridgemont Equity Partners, a middle market private equity investor, today announced the recapitalization of RoadOne IntermodaLogistics (“RoadOne” or the “Company”), the largest independent provider of intermodal logistics solutions in North America, alongside the Company’s management and co-founders, Ken Kellaway and David McLaughlin, and Nonantum Capital Partners, who acquired a majority stake in RoadOne in 2019 and remains meaningfully invested in partnership with Ridgemont.
RoadOne provides intermodal logistics services that facilitate the movement of freight at ports, regional distribution centers and inland rail terminals. The Company’s “port-to-floor” solutions include a full suite of value-added supply chain capabilities, including transloading and warehousing, port and rail container drayage and terminal operations, as well as dedicated truckload transportation and dray brokerage through a growing national network of over 100 service centers, 8 transload facilities comprising over three million square feet and over 2,000 drivers. RoadOne is a key strategic supply chain partner to beneficial cargo owners, steamship lines, railroads and third-party logistics providers.
“We have closely followed the success of RoadOne over the last several years, and we are excited to partner with the Company’s strong leadership team on RoadOne’s next chapter, alongside Nonantum,” said Charles Anderson, Partner at Ridgemont Equity Partners. “RoadOne is a market leader and is well-positioned to continue its growth through expanding services and geographic reach, executing on M&A and investing in technology – RoadOne’s differentiated value proposition enables the Company to serve as a critical supply chain partner to its customers.”
Rob Edwards, Managing Partner at Ridgemont, added: “Our recapitalization of RoadOne marks Ridgemont’s eighth third-party logistics platform investment and nicely complements our existing portfolio, which includes asset-light providers of omnichannel shipping services, freight forwarding, eCommerce fulfillment, freight brokerage and managed transportation services. RoadOne is a clear category leader with industry veterans at the helm and a massive market opportunity ahead – this is the team and investor group to execute the plan to capitalize on this opportunity.”
“It’s been an incredible journey to be a part of RoadOne’s growth and we are very pleased to continue supporting the platform,” said Jon Biotti, Managing Partner and Chief Investment Officer at Nonantum Capital Partners. “Through acquisition and strategic operational advancements, RoadOne has become a scaled, diversified and resilient business with remarkable customer retention. We are confident in the Company’s staying power and share the same strategic vision as management and our friends at Ridgemont.”
“This transaction infuses RoadOne with more capital for growth, adds a new and very experienced logistics investor in Ridgemont and preserves our proven partnership with Nonantum,” said Ken Kellaway, CEO of RoadOne IntermodaLogistics. “Our team is eager to continue doing what we’ve successfully been doing for over 35 years – expanding our offerings and national network to meet the evolving demands of our global customers.”
Financing for the transaction was provided by a blue-chip investor group, led by Barings and Churchill Asset Management. William Blair served as financial advisor to Ridgemont and Stifel and Harris Williams served as financial advisors to RoadOne and Nonantum. Alston & Bird and Goodwin Procter served as legal advisors to Ridgemont and the Company, respectively. Financial terms of the transaction were not disclosed.
About RoadOne IntermodaLogistics
RoadOne and its affiliated companies deliver comprehensive single source logistics solutions that include the highest quality, reliable port and rail container drayage, terminal operations, dedicated truckload solutions, transloading, and warehousing and distribution nationwide. For more information, please visit www.roadone.com.
About Ridgemont Equity Partners
Ridgemont Equity Partners is a Charlotte-based middle market private equity firm that has provided buyout and growth capital to industry-leading companies in the business and tech-enabled services, industrial growth, and healthcare sectors for nearly three decades. The principals of Ridgemont have refined a proven, industry-focused model designed to build distinctive middle market companies. For more information, please visit www.ridgemontep.com.
About Nonantum Capital Partners
Founded in 2018 by a team of experienced private equity and management executives as a spin-out from Charlesbank Capital Partners, Nonantum is a Boston-based middle-market private equity firm. Nonantum focuses on investing in family and founder-owned businesses, corporate carve-outs, and complex situations where personal partnership is critical and opportunities exist for significant equity value creation. For more information, visit http://nonantumcapital.com/.
Kelly Lineberger
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TULSA, Okla.--(BUSINESS WIRE)--Unit Corporation (OTC Pink: UNTC) (Company) announced today that its Board of Directors has declared a special cash dividend of $10.00 per share and has approved a quarterly cash dividend policy beginning in the Company’s second quarter. The special dividend will be paid on January 31, 2023, to shareholders of record as of the close of business on January 20, 2023. The initial quarterly dividend will be $2.50 per share to be paid on a date in the Company’s second quarter that is yet to be determined. Subsequent quarterly dividends will be issued on a variable rate per share basis as determined by the Company. The special and quarterly cash dividends will be funded by cash on the Company’s balance sheet.
Philip B. Smith, the Company’s Chairman and Chief Executive Officer, commented, “We are pleased that our operating performance and capital position allowed us to return value to our shareholders through these dividends.”
The declaration and payment of any future dividend, whether fixed, special, or variable, will remain at the full discretion of the Company’s Board of Directors and will depend upon the Company’s financial position, results of operations, cash flows, capital requirements, business conditions, future expectations, the requirements of applicable law, and other factors that the Company’s Board of Directors finds relevant at the time of considering any potential dividend declaration.
About Unit Corporation
Unit Corporation is a Tulsa-based, publicly held energy company engaged through its subsidiaries in oil and gas exploration, production, contract drilling and natural gas gathering and processing. For more information about Unit Corporation, visit its website at http://www.unitcorp.com.
Forward-Looking Statements
This press release has forward-looking statements within the meaning of the Private Securities Litigation Reform Act. All statements, other than statements of historical facts, included in this release that address activities, events, or developments that the Company expects, believes, or anticipates will or may occur are forward-looking statements. Several risks and uncertainties could cause actual results to differ materially from these statements, including changes in oil and natural gas prices, changes in the Company’s reserves estimates or its value thereof, the level of activity in the oil and natural gas industry and other risk factors described in the Company's publicly available SEC reports. The Company assumes no obligation to update publicly such forward-looking statements, whether because of new information, future events, or otherwise.
Rene Punch
Investor Relations
(918) 493-7700
www.unitcorp.com
New agreement refinances and upsizes assumed DESRI facility up to $141.3 million at an effective fixed rate of 4.885% for five years
STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power, Inc. (“Altus Power” or the “Company”) (NYSE: AMPS), the premier independent developer, owner and operator of commercial-scale solar facilities, announced that on December 23, 2022, it refinanced and upsized the term loan facility assumed with the recently executed D.E. Shaw Renewable Investments (DESRI) portfolio. The principal amount of the facility was upsized to $141.3 million consisting of a term loan facility for approximately $125.7 million and letters of credit for approximately $15.6 million. The financing agreement includes an interest rate swap which provides for an effective fixed rate of 4.885% for a term of five years.
“This agreement secures long-term financing for our new assets from DESRI at an attractive fixed rate while also increasing the facility size to reflect the contracted cash flow profile of the assets,” commented Dustin Weber, CFO of Altus Power. “With the addition of this facility, we continue to demonstrate access to multiple sources of capital.”
The lenders for the term loan are KeyBanc Capital Markets Inc., KeyBank National Association, and Huntington National Bank.
About Altus Power, Inc.
Altus Power, based in Stamford, Connecticut, is the premier independent commercial-scale clean electrification company serving commercial, industrial, public sector and community solar customers with end-to-end solutions. Altus Power originates, develops, owns and operates locally-sited solar generation, energy storage and charging infrastructure across the nation. Visit www.altuspower.com to learn more.
Altus Power
Chris Shelton, Head of IR
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ChargePoint Express Plus platform delivers the speed that drivers expect and the flexibility that businesses want in a high-powered charging solution
LAS VEGAS & CAMPBELL, Calif.--(BUSINESS WIRE)--ChargePoint Holdings, Inc. (NYSE: CHPT), a leading electric vehicle (EV) charging provider, Mercedes-Benz and MN8 Energy, one of the largest U.S. solar, stationary power and renewable energy providers, today announced plans to rapidly expand the availability of DC fast charging with the development of over 400 charging hubs across the U.S. and Canada. Powered by the ChargePoint network, the Mercedes-Benz charging hubs will be in key cities and urban population centers, along major highway corridors and close to convenient retail and service destinations.
Starting this year, ChargePoint, Mercedes-Benz, and MN8 will develop more than 400 charging hubs across North America with more than 2,500 ChargePoint DC fast charging ports that will enable a premium, sustainable and reliable charging experience for EV drivers. MN8 and Mercedes-Benz will jointly finance and operate the charging hubs, powered by ChargePoint’s industry leading charging hardware and software solutions.
“Automotive leaders like Mercedes-Benz continue to lead the transition to electric mobility by bringing new EVs to market, and ChargePoint remains committed to enabling the simplicity that drivers expect and the charging speed they need for all vehicles whenever and wherever drivers want,” said Pasquale Romano, CEO, ChargePoint. “With this partnership, we are expanding upon our existing relationships with Mercedes-Benz and MN8 to deliver a seamless charging experience for drivers, and turnkey charging solutions at no upfront cost to site hosts. We believe the expansion of charging hubs like these will enable the emergence of a new 30 minute retail economy, at the intersection of innovation and accessibility that combines charging and commerce, giving drivers a superior experience to charge quickly and easily.”
Available to all EV drivers, the Mercedes-Benz charging hubs will offer Mercedes-Benz drivers additional benefits including preferential access via reservation, as well as the convenience of automatic authentication functionality like “Plug & Charge” [1], enabling seamless and secure communications between the vehicle and the charging infrastructure. While authentication via card, app or head unit will be possible, it’s not required for Mercedes-Benz customers using the Mercedes me Charge[2] service.
“Mercedes-Benz customers deserve a compelling charging experience that makes electric vehicle ownership and long-distance travel effortless and that’s why we are launching a global high-end charging network that will offer a charging experience to match the extraordinary Mercedes driving experience. We are excited to start right here in North America with two strong and experienced partners, ChargePoint and MN8 Energy,“ said Ola Källenius, Chairman of the Board of Management of Mercedes-Benz Group AG.
The Mercedes-Benz hubs will primarily be powered by ChargePoint Express Plus, one of the most advanced high power DC fast charge platforms built for businesses looking to scale their EV charging operations for the long term. Express Plus is the ideal platform for fueling and convenience, retail and highway corridor charging locations. The system can deliver up to 500kW per port, depending on the configuration, and is designed to easily scale to meet future demand as EV adoption and vehicle capability grows. With its modular design and liquid-cooled cables, Express Plus can efficiently charge today’s and tomorrow’s electric vehicles.
About ChargePoint
ChargePoint is creating a new fueling network to move people and goods on electricity. Since 2007, ChargePoint has been committed to making it easy for businesses and drivers to go electric with one of the largest EV charging networks in North America and Europe and a comprehensive portfolio of charging solutions. The ChargePoint cloud subscription platform and software-defined charging hardware are designed to include options for every charging scenario from home and multifamily to workplace, parking, hospitality, retail and transport fleets of all types. Today, one ChargePoint account provides access to hundreds of thousands of places to charge in North America and Europe. To date, more than 133 million charging sessions have been delivered, with drivers plugging into the ChargePoint network on average every second. For more information, visit the ChargePoint pressroom, the ChargePoint Investor Relations site, or contact the ChargePoint North American or European press offices or Investor Relations.
Forward-Looking Statements
This press release contains forward-looking statements that involve risks, uncertainties, and assumptions including statements regarding the expected benefits to EV drivers of the partnership among ChargePoint, Mercedez-Benz and MN8 Energy and the timing and scope of the implementation of the proposed charging hubs. Any statements that are not of historical fact may be forward-looking statements. Words used such as “anticipates,” “believes,” “continues,” “designed,” “estimates,” “expects,” “goal,” “intends,” “likely,” “may,” “ongoing,” “plans,” “projects,” “pursuing,” “seeks,” “should,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these words. All forward-looking statements are based on ChargePoint’s current assumptions, expectations and beliefs, and involve substantial risks and uncertainties that may cause results, performance or achievement to materially differ from those expressed or implied by these forward-looking statements. Further information regarding these risks and uncertainties are included in the filings by ChargePoint Holdings, Inc., with the U.S. Securities and Exchange Commission. ChargePoint makes these statements as of the date of this press release, and ChargePoint undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required under applicable law.
ChargePoint and the ChargePoint logo are registered trademarks of ChargePoint, Inc. in the United States and in jurisdictions throughout the world. All other trademarks, trade names, or service marks used or mentioned herein belong to their respective owners. “Mercedes me” and “Mercedes me Charge” are trademarks of Mercedes-Benz Group AG or its affiliates.
CHPT-IR
[1] Plug & Charge is available with EQS, EQS SUV, EQE, EQE SUV, current plug-in hybrids C- and S-Class and GLC with optional direct-current charging system (DC charging). The customer needs to activate the Plug & Charge service in the overview of services
[2] In order to use the Mercedes me connect service Mercedes me Charge, a personal Mercedes me ID and agreement to the Mercedes me connect Terms of Use are required. Furthermore, a charging contract is required.
ChargePoint
AJ Gosselin
Director, Corporate Communications
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Patrick Hamer
VP, Capital Markets and Investor Relations
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Mercedes-Benz:
Tobias Brandstetter, phone: +49 176 30 941 650, This email address is being protected from spambots. You need JavaScript enabled to view it.
Oliver Fenzl, phone: +49 176 30 925 025, This email address is being protected from spambots. You need JavaScript enabled to view it.
Edward Taylor, phone: +49 176 30941776, This email address is being protected from spambots. You need JavaScript enabled to view it.
Independent power producer raised well over $1 billion in 2022 to help fund its rapid growth and support future capital investments in rural communities across the US
NASHVILLE, Tenn.--(BUSINESS WIRE)--Silicon Ranch Corporation, a community-focused provider of renewable energy, carbon, and battery storage solutions, announced that it conducted a $600 million equity raise. Initial funding of $375 million closed in December 2022, with an additional $225 million expected to fund in early 2023.
Founded in 2011, Nashville-based Silicon Ranch is a fully integrated provider of customized renewable energy, carbon, and battery storage solutions for a diverse set of partners across North America. The company’s unique business model of long-term ownership of its entire portfolio underpins its deep commitment to the customers it serves and to the communities where it locates. Over the past dozen years, Silicon Ranch has built a reputation as an industry pioneer by opening up new markets across the Southeast, developing a transformative approach to land management with its Regenerative Energy® platform, and launching an innovative method for businesses to reclaim their carbon footprint with its Clearloop® carbon solutions platform. In 2022, Silicon Ranch demonstrated additional industry leadership via its commitment to support U.S. manufacturing and lower its carbon footprint across the full lifecycle of its facilities through significant agreements with First Solar, Nextracker, and SOLARCYCLE.
The equity raise caps off another record year for Silicon Ranch. Despite a highly volatile year marked by global supply chain constraints across the solar industry, the company successfully installed eleven new solar facilities in 2022 that produce nearly 700 megawatts (MW) of new generating capacity, a company record. This achievement expands Silicon Ranch’s unblemished track record of project execution, as the company has successfully delivered every project that it has contracted since it was founded in 2011. In addition, Silicon Ranch set a company record for growth by signing well over 1,100 MW in new contracted capacity in 2022, bringing the company’s contracted portfolio to more than 5 gigawatts of solar and battery storage systems across the U.S. and Canada.
Combined with a $775 million raise in early 2022, Silicon Ranch has secured in excess of $1 billion in new equity capital over the past year to execute its disciplined business plan. The company plans to grow its strong, diverse, and talented team in 2023 to support engineering, procurement, and construction for its contracted pipeline; operate and maintain its growing operating portfolio of more than 150 PV plants across 15 states; and accelerate its growth strategy with the development of new projects to meet customer needs in markets across the country.
“Silicon Ranch has an important role to play in the energy transition, but what makes the work we do so rewarding is to witness the positive impact of our significant investments in communities all across this country,” said Reagan Farr, Co-Founder and CEO of Silicon Ranch. “This meaningful work and the outcomes we deliver would not be possible without the dedication of our teammates, the commitment of our customers, and the support of our shareholders. Above all, I wish to thank our neighbors and all of our local partners for welcoming us into your communities and enabling Silicon Ranch to help build a stronger, healthier, and more resilient rural America.”
The $375 million, funded in December, was led by existing Silicon Ranch shareholders, including Manulife Investment Management; TD Asset Management Inc., on behalf of TD Greystone Infrastructure Fund1; and Mountain Group Partners.
“With its unique business model, disciplined growth strategy, and talented team, Silicon Ranch is well positioned to navigate a rapidly evolving landscape and enter attractive markets with speed, efficiency, and creativity,” said Recep Kendircioglu, Head of Infrastructure Investments at Manulife Investment Management. “We are committed to making impactful investments in sustainable real assets and are pleased to partner with a pioneering, innovative, and principled industry leader.”
“As Silicon Ranch’s first institutional shareholder through the TD Greystone Infrastructure Fund, TD Asset Management has been pleased to support the company’s continued growth since our initial investment in 2014,” said Jeffrey Mouland, Managing Director and Head of Global Infrastructure Investments at TD Asset Management. “On behalf of our clients, we are pleased to expand our relationship with this leading independent power producer and to support its meaningful work in communities across North America.”
About Silicon Ranch
Founded in 2011, Silicon Ranch is a fully integrated provider of customized renewable energy, carbon, and battery storage solutions for a diverse set of partners across North America. The company is one of the largest independent power producers in the country, with a portfolio that includes more than five gigawatts of solar and battery storage systems that are contracted, under construction, or operating across the U.S. and Canada. Silicon Ranch owns and operates every project in its portfolio and has maintained an unblemished track record of project execution, having successfully commissioned every project it has contracted in its history. In recognition of its holistic approach to land management, which the company has trademarked Regenerative Energy®, Silicon Ranch was named 2020’s “Most Forward-Thinking” company by Solar Power World. In 2021, Silicon Ranch acquired Clearloop, which helps businesses of all sizes reclaim their carbon footprint with a direct investment in building new solar projects while expanding access to clean energy. To learn more, visit siliconranch.com, regenerativeenergy.org, and clearloop.us, and follow on Facebook and Instagram.
About Manulife Investment Management
Manulife Investment Management is the global brand for the global wealth and asset management segment of Manulife Financial Corporation. We draw on more than a century of financial stewardship and the full resources of our parent company to serve individuals, institutions, and retirement plan members worldwide. Headquartered in Toronto, our leading capabilities in public and private markets are strengthened by an investment footprint that spans 19 geographies. We complement these capabilities by providing access to a network of unaffiliated asset managers from around the world. We’re committed to investing responsibly across our businesses. We develop innovative global frameworks for sustainable investing, collaboratively engage with companies in our securities portfolios, and maintain a high standard of stewardship where we own and operate assets, and we believe in supporting financial well-being through our workplace retirement plans. Today, plan sponsors around the world rely on our retirement plan administration and investment expertise to help their employees plan for, save for, and live a better retirement. Not all offerings are available in all jurisdictions. For additional information, please visit manulifeim.com.
1The TD Greystone Infrastructure Fund is comprised of the TD Greystone Infrastructure Fund (Global Master) L.P., the TD Greystone Infrastructure Fund (Canada) L.P. and the TD Greystone Infrastructure Fund (Canada) L.P. II.
Media:
Silicon Ranch Corporation
Quarter Horse PR for Silicon Ranch
Nicole Bestard
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Tel: +1 646 627 3644
Manulife Investment Management
Elizabeth Bartlett
Head of Wealth & Asset Management Public Relations, US & Europe
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Tel: +1 857 210 2286
DALLAS--(BUSINESS WIRE)--Atmos Energy Corporation (NYSE: ATO) will host a conference call on Wednesday, February 8, 2023, at 9:00 a.m. Eastern to review the company’s Fiscal 2023 first quarter financial results. Atmos Energy will release these results on Tuesday, February 7, 2023, following the market close.
To listen to the conference call, please dial either the toll-free or international number provided below. You may also listen to the call on the Atmos Energy website at www.atmosenergy.com. The Internet broadcast will be archived for thirty days.
Conference Call Details
February 8, 2023
9:00 a.m. Eastern / 8:00 a.m. Central
Toll-free: 888-396-8049
International: 416-764-8646
(No pass code)
Internet webcast: www.atmosenergy.com
Atmos Energy Corporation, an S&P 500 company headquartered in Dallas, is the country’s largest natural gas-only distributor. We safely deliver reliable, affordable, efficient and abundant natural gas to more than 3 million distribution customers in over 1,400 communities across eight states located primarily in the South. As part of our vision to be the safest provider of natural gas services, we are modernizing our business and infrastructure while continuing to invest in safety, innovation, environmental sustainability and our communities. Atmos Energy manages proprietary pipeline and storage assets, including one of the largest intrastate natural gas pipeline systems in Texas. Find us online at http://www.atmosenergy.com, Facebook, Twitter, Instagram and YouTube.
Analyst and Media Contact:
Dan Meziere
(972) 855-3729
WASHINGTON--(BUSINESS WIRE)--FiscalNote Holdings, Inc. (NYSE: NOTE) ("FiscalNote"), a leading AI-driven enterprise Software-as-a-Service (“SaaS”) technology provider of global policy and market intelligence, today announced it will participate and present at the 25th Annual Needham Growth Conference, taking place in New York City, New York. Tim Hwang, Chairman and Chief Executive Officer, will present an overview of the company at 8:00 am ET on Tuesday, January 10, 2023. Management will also host one-on-one investor meetings at the conference.
A webcast of the event will be available at the following link, https://wsw.com/webcast/needham128/note/2266782, and an on-demand replay will be available shortly after the conclusion of the presentation on the Events & Presentations page of the FiscalNote investor relations website at https://investors.fiscalnote.com. The replay of the webcast will be available for 90 days following the event.
About FiscalNote
FiscalNote (NYSE: NOTE) is a leading technology provider of global policy and market intelligence. By uniquely combining AI technology, actionable data, and expert and peer insights, FiscalNote empowers customers to manage policy, address regulatory developments, and mitigate global risk. Since 2013, FiscalNote has pioneered technology that delivers mission-critical insights and the tools to turn them into action. Home to CQ, Equilibrium, FrontierView, Oxford Analytica, VoterVoice, and many other industry-leading brands, FiscalNote serves more than 5,000 customers worldwide with global offices in North America, Europe, Asia, and Australia. To learn more about FiscalNote and its family of brands, visit FiscalNote.com and follow @FiscalNote.
Media
Nicholas Graham
FiscalNote
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Investors
Sara Buda
FiscalNote
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HOUSTON--(BUSINESS WIRE)--MV Oil Trust (NYSE: MVO) announced the Trust distribution of net profits for the quarterly payment period ended December 31, 2022.
Unitholders of record on January 17, 2023 will receive a distribution amounting to $4,715,000 or $0.410 per unit payable January 25, 2023.
Volumes, average price and net profits for the payment period were:
Volume (BOE) |
|
156,781 |
|
|
Average price (per BOE) |
|
$ |
80.31 |
|
Gross proceeds |
|
$ |
12,590,781 |
|
Costs |
|
$ |
6,107,904 |
|
Net profits |
|
$ |
6,482,877 |
|
Percentage applicable to Trust’s 80% |
|
|
|
|
Net profits interest |
|
$ |
5,186,301 |
|
MV Partners reserve for capital expenditures |
|
$ |
-- |
|
Total cash proceeds available for the Trust |
|
$ |
5,186,301 |
|
Provision for current estimated Trust expenses |
|
$ |
(207,760 |
) |
Amount withheld for future Trust expenses |
|
$ |
(263,541 |
) |
Net cash proceeds available for distribution |
|
$ |
4,715,000 |
|
As previously disclosed, in November 2021, the Trustee notified MV Partners, LLC (“MV Partners”) that the Trustee intends to build a reserve for the payment of future known, anticipated or contingent expenses or liabilities, commencing with the distribution payable in the first quarter of 2022. The Trustee intends to withhold a portion of the proceeds otherwise available for distribution each quarter to gradually build a cash reserve to approximately $1.265 million. This amount is in addition to the letter of credit in the amount of $1.8 million provided to the Trustee by MV Partners to protect the Trust against the risk that it does not have sufficient cash to pay future expenses. The Trustee may increase or decrease the targeted amount at any time, and may increase or decrease the rate at which it is withholding funds to build the cash reserve at any time, without advance notice to the unitholders. Cash held in reserve will be invested as required by the Trust Agreement. Any cash reserved in excess of the amount necessary to pay or provide for the payment of future known, anticipated or contingent expenses or liabilities eventually will be distributed to unitholders, together with interest earned on the funds. The Trustee has elected to withhold $263,541 from the proceeds otherwise available for distribution this quarter, for a total amount of $1,001,460 withheld to date.
This press release contains forward-looking statements. Although MV Partners has advised the Trust that MV Partners believes that the expectations contained in this press release are reasonable, no assurances can be given that such expectations will prove to be correct. The announced distributable amount is based on the amount of cash received or expected to be received by the Trustee from the underlying properties on or prior to the record date with respect to the quarter ended December 31, 2022. Any differences in actual cash receipts by the Trust could affect this distributable amount. Other important factors that could cause these statements to differ materially include the actual results of drilling operations, risks inherent in drilling and production of oil and gas properties, the ability of commodity purchasers to make payment, the effect, impact, potential duration or other implications of the COVID-19 pandemic, actions by the members of the Organization of Petroleum Exporting Countries, and other risk factors described in the Trust’s Annual Report on Form 10-K for the year ended December 31, 2021 filed with the Securities and Exchange Commission. Statements made in this press release are qualified by the cautionary statements made in these risk factors. The Trust does not intend, and assumes no obligations, to update any of the statements included in this press release.
MV Oil Trust
The Bank of New York Mellon Trust Company, N.A., as Trustee
Elaina Rodgers
713-483-6020
BUFFALO, N.Y.--(BUSINESS WIRE)--$ROCK #ROCK--Gibraltar Industries, Inc. (Nasdaq: ROCK), a leading manufacturer and provider of products and services for the renewable energy, residential, agtech and infrastructure markets, today announced that Chairman and Chief Executive Officer Bill Bosway and Chief Financial Officer Tim Murphy are scheduled to present at the CJS Securities 23rd Annual New Ideas for the New Year Conference on Wednesday, January 11, at 8:45 a.m. ET, and hold meetings with investors that day.
The link to the live webcast of the Company’s presentation will be available by visiting Gibraltar’s website at https://ir.gibraltar1.com/reports-presentations.
About Gibraltar
Gibraltar is a leading manufacturer and provider of products and services for the renewable energy, residential, agtech, and infrastructure markets. Gibraltar’s mission, to make life better for people and the planet, is fueled by advancing the disciplines of engineering, science, and technology. Gibraltar is innovating to reshape critical markets in comfortable living, sustainable power, and productive growing throughout North America. For more please visit www.gibraltar1.com.
LHA Investor Relations
Jody Burfening/Carolyn Capaccio
(212) 838-3777
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VALLEY FORGE, Pa.--(BUSINESS WIRE)--#AAA--UGI Corporation (NYSE: UGI) announced today that in December 2022 it received a rating upgrade to AAA in the 2022 MSCI environmental, social and governance (ESG) ratings assessment. According to MSCI, UGI performed in the top 7%1 of all peer companies evaluated globally in 2022, for actions across ESG matters. This reflects UGI’s robust governance practices, ongoing dedication to the health and safety of our employees and the customers we serve, and environmental strategies to manage emissions.
MSCI ESG Research provides in-depth research, ratings and analysis of the ESG-related business practices of thousands of companies worldwide. MSCI research is designed to provide critical insights that can help institutional investors identify risks and opportunities that traditional investment research may overlook. Learn more about the MSCI ESG rating here.
Roger Perreault, President and Chief Executive Officer of UGI, said, “We are delighted to receive this rating upgrade which affirms our commitment to corporate social responsibility and sustainability. At UGI, we continue to take a disciplined and collaborative approach to ESG matters, with an emphasis on transparency and progress. This upgrade reflects the commitment of our employees to live our core values of sustainability, reliability, safety, excellence, respect, and integrity. We remain focused on advancing our ESG mission and helping the families, businesses and communities that we serve, in their own sustainability initiatives.”
Disclaimer Statement
The use by UGI Corporation of any MSCI ESG Research LLC or its affiliates (“MSCI”) data, and the use of MSCI logos, trademarks, service marks or index names herein, do not constitute a sponsorship, endorsement, recommendation, or promotion of UGI Corporation by MSCI. MSCI services and data are the property of MSCI or its information providers, and are provided ‘as-is’ and without warranty. MSCI names and logos are trademarks or service marks of MSCI.
About UGI Corporation
UGI Corporation is a distributor and marketer of energy products and services. Through subsidiaries, UGI operates natural gas and electric utilities in Pennsylvania, natural gas utilities in West Virginia, distributes LPG both domestically (through AmeriGas) and internationally (through UGI International), manages midstream energy assets in Pennsylvania, Ohio, and West Virginia and electric generation assets in Pennsylvania, and engages in energy marketing, including renewable natural gas in the Mid-Atlantic region of the United States and California, and internationally in France, Belgium, and the Netherlands.
Comprehensive information about UGI Corporation is available on the Internet at https://www.ugicorp.com.
1Universe: MSCI ACWI Index constituents, Oil & Gas refining, Marketing, Transportation & Storage
Investor Relations
610-337-1000
Tameka Morris, ext. 6297
Arnab Mukherjee, ext. 7498
DUBLIN--(BUSINESS WIRE)--The "Next Generation Refrigerants Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Type (Natural Refrigerants, Hydrofluoro Olefins & Others), By Application, By End-Use, By Region and Competition" report has been added to ResearchAndMarkets.com's offering.
Global Next Generation Refrigerants Market is anticipated to witness robust growth in the forecast period, 2024-2028 due to the increased concerns about global warming around the world. In 2020, the earth's surface temperature was around 0.98 Celsius degrees warmer than the 20th-century average.
Next-generation refrigerants with little to no global warming potential (GWP) and ozone depletion potential include ammonia and tetrafluoro propene. Due to the growing demand for environmentally friendly production processes, the need for next-generation refrigerants is growing rapidly. The two next-generation refrigerants with zero ozone depletion potential (ODP) and global warming potential are natural refrigerants and hydrofluoroolefins and Others. These factors are expected to boost market expansion.
Growing Uses of Next Generation Refrigerants in a Variety of End-Use Industries
The use of Next Generation Refrigerants in a wide range of end-user industries, for instance, food & beverage, pharmaceuticals, personal care, and industrial, is expected to increase the growth of the overall market at a substantial rate. Moreover, HFCs are frequently used as refrigerants because they are more effective at cooling and heating than other refrigerants. HFCs don't include chlorine; hence, they impact the ozone layer less. In addition, HFCs produce polymer foams as blowing agents, fire retardants, solvents in cleaning products, and plasma etching to manufacture semiconductors. All these factors are propelling the growth rate of the market.
Mergers & Acquisitions
Recent Developments
New Product Launches
Market players
Honeywell International, Zhejiang Juhua, Arkema, Daikin, Chemours, SRF Limited, Tazzetti S.p.A, ASPEN Refrigerants, The Chemours Company, and The Linde Group are some of the key players operating in the market.
Report Scope:
In this report, Global Next Generation Refrigerants Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Next Generation Refrigerants Market, By Type:
Next Generation Refrigerants Market, By Application:
Next Generation Refrigerants Market, By End-Use:
Next Generation Refrigerants Market, By Region:
Key Topics Covered:
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Voice of Customer
5. Global Next Generation Refrigerants Market Outlook
6. Europe Next Generation Refrigerants Market Outlook
7. North America Next Generation Refrigerants Market Outlook
8. Asia-Pacific Next Generation Refrigerants Market Outlook
9. Middle East and Africa Next Generation Refrigerants Market Outlook
10. South America Next Generation Refrigerants Market Outlook
11. Market Dynamics
12. Market Trends & Developments
13. Global Microcrystallline Market: SWOT Analysis
14. Porter's Five Forces Analysis
15. Competitive Landscape
16. Strategic Recommendations
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/s2clmw
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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BROOKLYN HEIGHTS, Ohio--(BUSINESS WIRE)--GrafTech International Ltd. (NYSE:EAF) (the “Company”) will hold its Fourth Quarter and Full Year 2022 Earnings Conference Call and Webcast on Friday, February 3, 2023 at 10:00 a.m. (EST). The call will be hosted by senior management to discuss unaudited financial results for the fourth quarter and year ended December 31, 2022 and current business initiatives. These financial results will be released on Friday, February 3, 2023 before market open and will be available on our investor relations website at: http://ir.graftech.com.
The conference call dial-in number is +1 (888) 886-7786 toll-free in North America or +1 (416) 764-8658 for overseas calls, conference ID: 39692735. Live audio of the conference call will be available via webcast on our website or can be accessed at: https://viavid.webcasts.com/starthere.jsp?ei=1589729&tp_key=866465bcf7. Archived replays of the conference call and webcast will be made available on our investor relations website at: http://ir.graftech.com.
About GrafTech
GrafTech International Ltd. is a leading manufacturer of high-quality graphite electrode products essential to the production of electric arc furnace steel and other ferrous and non-ferrous metals. The Company has a competitive portfolio of low-cost, ultra-high power graphite electrode manufacturing facilities, including three of the highest capacity facilities in the world. We are the only large-scale graphite electrode producer that is substantially vertically integrated into petroleum needle coke, a key raw material for graphite electrode manufacturing. This unique position provides us with competitive advantages in product quality and cost.
Michael Dillon
216-676-2000
Project is expected to produce approximately 5 million gasoline gallon equivalent (GGE) of RNG annually
WHITE PLAINS, N.Y.--(BUSINESS WIRE)--$OPAL--OPAL Fuels Inc. (Nasdaq: OPAL), a leading vertically integrated producer and distributor of renewable natural gas (RNG), announced Florida’s first landfill gas to RNG facility at the New River Solid Waste Association (NRSWA) municipal solid waste landfill has successfully completed its ramp-up period.
Located in Raiford, Florida, the facility captures naturally occurring biogas from the decomposition of organic material at the landfill and refines it into RNG, a usable low-carbon fuel. RNG is a right now solution to the right now problem of climate change and is one of the most attractive sources of renewable energy – capturing extremely damaging greenhouse gas emissions (GHG) and using it to replace fossil fuels, such as diesel.
The RNG will be used to feed OPAL Fuels transportation customers at the company’s fueling stations via the Peoples Gas distribution system. Peoples Gas System is Florida’s largest natural gas distribution utility, serving more than 445,000 homes and businesses across the state.
“Through our vertical integration model, from production through distribution, OPAL Fuels is committed to providing our customers with cost effective, reliable transportation fuel that results in zero Scope 1 and Scope 2 emissions,” said Adam Comora, Co-CEO of OPAL Fuels. “We are pleased to partner with local stakeholders across Florida and to have brought the state its first RNG project. Working together with NRSWA, this facility produces new revenue streams, new jobs for the county, and provides cost savings for our customers – enabling companies to achieve net zero now at a discount. It also reduces greenhouse gas emissions locally and for the planet. This is a win for everyone.”
The RNG facility has a nameplate capacity of 2,500 SCFM of landfill gas, which when processed would result in the production of approximately 5 million GGE per year of RNG. This RNG, when used as transportation fuel to displace diesel, will avoid GHG emissions equivalent to achieving zero Scope 1 and Scope 2 emissions from more than 380 heavy-duty trucks.
Additionally, the process of refining the biogas results in significant reductions in local emissions, including approximate decreases of 95% in carbon dioxide (CO2) emissions, 90% in nitrogen oxide (NOx) emissions, 90% in carbon monoxide (CO) emissions, and 98% in sulfur oxide (SOx) emissions.
The NRSWA municipal solid waste landfill is a publicly owned waste facility formed as an association of three member Florida counties: Baker, Bradford, and Union Counties. The association also accepts contracted waste from out-of-region locations.
“NRSWA is excited about partnering with OPAL Fuels on this important and industry leading project,” said Perry Kent, Executive Director, NRSWA. “This is the first project in Florida to convert gas from a municipal solid waste landfill to RNG and we are happy we have been able to lead the way. New River has always worked to manage solid waste in a sustainable way and to be good stewards of the environment. This project is one more step toward New River becoming a fully sustainable solid waste treatment facility.”
Through investments in people, technology, infrastructure, and environmentally focused innovations, Peoples Gas is committed to fueling Florida’s clean energy future responsibly and sustainably. Peoples Gas is a subsidiary of Emera Inc., a geographically diverse energy and services company headquartered in Halifax, Nova Scotia, Canada.
“Peoples Gas is invested in diverse energy solutions to serve the growing needs of Floridians,” said Lew Rutkin, Vice President of Business Development for Peoples Gas. “By collaborating with OPAL Fuels, we are enabling access to RNG, and we are providing a clean pathway to meaningful reduction in greenhouse gas emissions for the state.”
About OPAL Fuels Inc.
OPAL Fuels Inc. (Nasdaq: OPAL) is a leading vertically integrated renewable fuels platform involved in the production and distribution of renewable natural gas (RNG) for the heavy-duty truck market. RNG is a proven low-carbon fuel that is rapidly decarbonizing the transportation industry now while also significantly reducing fuel costs for fleet owners. OPAL Fuels captures harmful methane emissions at the source and recycles the trapped energy into a commercially viable, lower-cost alternative to diesel fuel. The company also develops, constructs, and services RNG and hydrogen fueling stations. As a producer and distributor of carbon-reducing fuel for heavy-duty truck fleets for more than a decade, OPAL Fuels delivers complete renewable solutions to customers and production partners. To learn more about OPAL Fuels and how it is leading the effort to capture North America’s harmful methane emissions and decarbonize the transportation industry, please visit www.opalfuels.com and follow the company on LinkedIn and Twitter at @OPALFuels.
Forward-Looking Statements
Certain statements in this communication may be considered forward-looking statements within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts and generally relate to future events or OPAL Fuels’ (the “Company”) future financial or other performance metrics. In some cases, you can identify forward-looking statements by terminology such as “believe,” “may,” “will,” “potentially,” “estimate,” “continue,” “anticipate,” “intend,” “could,” “would,” “project,” “target,” “plan,” “expect,” or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by the Company and its management, as the case may be, are inherently uncertain and subject to material change. Factors that may cause actual results to differ materially from current expectations include various factors beyond management’s control, including but not limited to general economic conditions and other risks, uncertainties and factors set forth in the sections entitled “Risk Factors” and “Cautionary Statement Regarding Forward-Looking Statements” in the proxy statement/prospectus filed on June 21, 2022, in connection with our Registration Statement on Form S-4, and other filings with the Securities and Exchange Commission. Nothing in this communication should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements in this communication, which speak only as of the date they are made and are qualified in their entirety by reference to the cautionary statements herein. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.
Disclaimer
This communication is for informational purposes only and is neither an offer to purchase, nor a solicitation of an offer to sell, subscribe for or buy, any securities, nor shall there be any sale, issuance or transfer or securities in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
Media
Jason Stewart
Senior Director Public Relations and Marketing
914-421-5336
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ICR, Inc.
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Investors
Todd Firestone
Vice President Investor Relations and Corporate Development
914-705-4001
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TORONTO--(BUSINESS WIRE)--Greenland Resources Inc. (NEO:MOLY, FSE:M0LY) (“Greenland Resources” or the “Company”) is pleased to announce that Ms. Barbara J. Buck (“Barb”) has joined our Advisory Board with the objective of providing support in marketing our molybdenum production to end-user companies.
Barb has over forty years of professional experience. She served as President of the Executive Committee of the International Molybdenum Association (IMOA) from 2017-2021. IMOA is a non-profit global trade association representing approximately 95% of the molybdenum industry mine production and almost all the conversion capacity outside of China. Also, from 2005 to 2020, she was the Vice President, Marketing, Sales and Planning reporting to the President, Climax Molybdenum – a Freeport-McMoRan Company where she was responsible for global sales, marketing, and supply chain planning to molybdenum end users in the Americas, EU, UK, Japan and China. Among others, Ms. Buck previously served as Global Business Manager for Surface Specialties UCB reporting to Brussels Belgium from 1999-2005. She was also a Director and Global Business Manager within Amoco Chemical Company and Manager of Financial Analysis and Strategic Planning for several divisions of Union Carbide Corporation. Barbara has a Bachelor of Science degree in Chemical Engineering from Carnegie-Mellon University. She also concluded the Wharton Advanced Management Program at the University of Pennsylvania.
Dr. Ruben Shiffman, Chairman, commented: “We are extremely grateful to have Barb on our team. She not only built and ran the marketing division of one of the most successful molybdenum mines in the world, but she is also a highly educated person engaged in the academia, social and the philanthropic world. These are all important values our Company shares deeply. Because of our high-quality primary molybdenum with low impurity content, we have been in negotiations directly with molybdenum end users, roasters, and strategic stakeholders, in order to maximize our long term sales price and reduce sales commissions to intermediaries which can be significant. Barb will play a very important role on all of these.”
Ms. Barbara J. Buck commented: “I am delighted to join the Greenland Resources team as a Senior Advisor as they move forward with the Malmbjerg Molybdenum Project. Molybdenum is a critical material in a wide variety of end-use applications and it is making important contributions to global sustainable development. The Malmbjerg project will be a major molybdenum mine with a focus on responsible sourcing practices and community relations. It promises a secure supply of this important element in support of the EU critical minerals strategies. I am happy to support the work of Greenland Resources by building relationships with potential customers and processors that will benefit from this high-quality supply chain.”
About Greenland Resources Inc.
Greenland Resources is a Canadian public company with the Ontario Securities Commission as its principal regulator and is focused on the development of its 100% owned world-class Climax type pure molybdenum deposit located in central east Greenland. The Malmbjerg molybdenum project is an open pit operation with an environmentally friendly mine design focused on reduced water usage, low aquatic disturbance and low footprint due to modularized infrastructure. The Malmbjerg project benefits from a NI 43-101 Definitive Feasibility Study completed by Tetra Tech in 2022, with Proven and Probable Reserves of 245 million tonnes at 0.176% MoS2, for 571 million pounds of contained molybdenum metal. As the high-grade molybdenum is mined for the first half of the mine life, the average annual production for years one to ten is 32.8 million pounds per year of contained molybdenum metal at an average grade of 0.23% MoS2. The project had a previous exploitation license granted in 2009. With offices in Toronto, the Company is led by a management team with an extensive track record in the mining industry and capital markets. For further details, please refer to our web site (www.greenlandresources.ca) and our Canadian regulatory filings on Greenland Resources’ profile at www.sedar.com.
The Project is supported by the European Raw Materials Alliance (ERMA) as stated in their press release EIT/ERMA_June 13, 2022 Press Release, a Knowledge and Innovation Community of the European Institute of Innovation and Technology (EIT), a body of the European Union.
About Molybdenum and the European Union
Molybdenum is a critical metal used mainly in steel and chemicals that is needed in all technologies in the upcoming green energy transition (World Bank, 2020; IEA, 2021). When added to steel and cast iron, it enhances strength, hardenability, weldability, toughness, temperature strength, and corrosion resistance. Based on data from the International Molybdenum Association and the European Commission Steel Report, the world produced around 576 million pounds of molybdenum in 2021 where the European Union (“EU”) as the second largest steel producer in the world used approximately 25% of global molybdenum supply and has no domestic molybdenum production. To a greater degree, the EU steel dependent industries like the automotive, construction, and engineering, represent around 18% of the EU’s ≈ US$16 trillion GDP. Greenland Resources strategically located Malmbjerg molybdenum project has the potential to supply in and for the EU approximately 24 million pounds per year, of environmentally friendly molybdenum from a responsible EU Associate country, for decades to come. The high quality of the Malmbjerg ore, having low impurity content in phosphorus, tin, antimony, and arsenic, makes it an ideal source of molybdenum for the high-performance steel industry lead worldwide by Europe, specifically the Scandinavian countries and Germany.
Forward Looking Statements
This news release contains "forward-looking information" (also referred to as "forward looking statements"), which relate to future events or future performance and reflect management’s current expectations and assumptions. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "hopes", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. All statements, other than statements of historical fact, are forward-looking statements or information. Forward-looking statements or information in this news release relate to, among other things: the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources and reserves, and their valuation, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions.
These forward-looking statements and information reflect the Company’s current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include: our mineral reserve estimates and the assumptions upon which they are based, including geotechnical and metallurgical characteristics of rock confirming to sampled results and metallurgical performance; tonnage of ore to be mined and processed; ore grades and recoveries; assumptions and discount rates being appropriately applied to the technical studies; estimated valuation and probability of success of the Company’s projects, including the Malmbjerg molybdenum project; prices for molybdenum remaining as estimated; currency exchange rates remaining as estimated; availability of funds for the Company’s projects; capital decommissioning and reclamation estimates; mineral reserve and resource estimates and the assumptions upon which they are based; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour-related disruptions; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner; and the ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive.
The Company cautions the reader that forward-looking statements and information include known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements or information contained in this news release and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the projected and actual effects of the COVID-19 coronavirus on the factors relevant to the business of the Corporation, including the effect on supply chains, labour market, currency and commodity prices and global and Canadian capital markets, fluctuations in molybdenum and commodity prices; fluctuations in prices for energy inputs, labour, materials, supplies and services (including transportation); fluctuations in currency markets (such as the Canadian dollar versus the U.S. dollar versus the Euro); operational risks and hazards inherent with the business of mining (including environmental accidents and hazards, industrial accidents, equipment breakdown, unusual or unexpected geological or structure formations, cave-ins, flooding and severe weather); inadequate insurance, or the inability to obtain insurance, to cover these risks and hazards; our ability to obtain all necessary permits, licenses and regulatory approvals in a timely manner; changes in laws, regulations and government practices in Greenland, including environmental, export and import laws and regulations; legal restrictions relating to mining; risks relating to expropriation; increased competition in the mining industry for equipment and qualified personnel; the availability of additional capital; title matters and the additional risks identified in our filings with Canadian securities regulators on SEDAR in Canada (available at www.sedar.com). Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Investors are cautioned against undue reliance on forward-looking statements or information.
These forward-looking statements are made as of the date hereof and, except as required by applicable securities regulations, the Company does not intend, and does not assume any obligation, to update the forward-looking information.
Neither the NEO Exchange Inc. nor its regulation services provider accepts responsibility for the adequacy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
Ruben Shiffman, PhD Chairman, President
Keith Minty, P.Eng, MBA Engineering and Project Management
Jim Steel, P.Geo, MBA Exploration and Mining Geology
Nauja Bianco, M.Pol.Sci. Public and Community Relations
Gary Anstey Investor Relations
Eric Grossman, CPA, CGA Chief Financial Officer
Corporate office Suite 1410, 181 University Av. Toronto, Ontario, Canada M5H 3M7
Telephone +1 647 273 9913
Email This email address is being protected from spambots. You need JavaScript enabled to view it.
Web www.greenlandresources.ca
CLEARWATER, Fla.--(BUSINESS WIRE)--MarineMax, Inc. (NYSE: HZO), the world’s largest recreational boat and yacht retailer, has completed the acquisition of Boatzon, the first 100 percent online boat and marine digital retail platform, through its recently formed technology entity, New Wave Innovations. Just as technology has changed the car-buying experience, the integrated Boatzon platform is giving consumers the ease and convenience of browsing for financing, purchasing, and insuring a boat, entirely online.
Shawn Berg, EVP, Chief Digital Officer of MarineMax and President of New Wave Innovations, stated, “Technology is integral to the growth of the marine industry, and with the acquisition of Boatzon we have added what we believe is the preeminent technology business connecting consumers and marine dealers. Boatzon’s unique combination of FinTech and InsureTech solutions is creating exactly what current and prospective boat owners want—a simpler, faster, and more efficient buying experience. Through New Wave Innovations we are building on this foundation, giving the Boatzon team access to technology, digital tools, and capital to continue to innovate and grow. We are thrilled to welcome Bryan, Michael, and the entire Boatzon team to the MarineMax family.”
Bryan Lenett, Co-Founder of Boatzon, added, “Fueled by MarineMax’s international presence and global leadership in the marine industry, we are excited about the significant opportunities ahead to address the robust long-term growth forecast for the recreational boating and yacht markets. We are exceptionally proud to become an integral part of MarineMax’s technology initiatives.”
Michael Muchnick, Co-Founder of Boatzon, commented “Since its founding, Boatzon has become the retail technology platform for the marine industry, delivering an exceptional experience for customers and dealers alike. We are thrilled to become part of MarineMax and look forward to continuing to build on Boatzon’s rapid success.”
About MarineMax
MarineMax is the world’s largest recreational boat and yacht retailer, selling new and used recreational boats, yachts, and related marine products and services, as well as providing yacht brokerage and charter services. MarineMax has over 125 locations worldwide, including 78 retail dealership locations, some of which include marinas. Collectively, with the IGY acquisition, MarineMax owns or operates 57 marinas worldwide. Through Fraser Yachts and Northrop & Johnson, the Company also is the largest superyacht services provider, operating locations across the globe. Cruisers Yachts, a MarineMax company, manufactures boats and yachts with sales through our select retail dealership locations and through independent dealers. Intrepid Powerboats, a MarineMax company, manufactures powerboats and sells through a direct-to-consumer model. MarineMax provides finance and insurance services through wholly owned subsidiaries and operates MarineMax Vacations in Tortola, British Virgin Islands. The Company also owns Boatyard, an industry-leading customer experience digital product company. MarineMax is a New York Stock Exchange-listed company (NYSE: HZO). For more information, please visit www.marinemax.com.
Forward-Looking Statement
Certain statements in this press release are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include the significant opportunities ahead to address the robust long-term growth forecast for the recreational boating and yacht markets, and Boatzon's continued innovation, growth, and success. These statements are based on current expectations, forecasts, risks, uncertainties, and assumptions that may cause actual results to differ materially from expectations as of the date of this release. These risks, assumptions, and uncertainties include the Company’s abilities to reduce inventory, manage expenses and accomplish its goals and strategies, the quality of the new product offerings from the Company’s manufacturing partners, the performance and integration of the recently-acquired businesses, general economic conditions, as well as those within the Company's industry, the level of consumer spending, and numerous other factors identified in the Company’s Form 10-K for the fiscal year ended September 30, 2022 and other filings with the Securities and Exchange Commission. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Investors:
Michael H. McLamb
Chief Financial Officer
727-531-1700
Scott Solomon or Laura Resag
Sharon Merrill Associates, Inc.
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Media:
Katherine Cooper
MarineMax, Inc.
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PARIS--(BUSINESS WIRE)--Technip Energies (PARIS: TE) has been awarded a large(1) contract for Project Management Consultancy (PMC) by Kuwait Oil Company (KOC).
The five-year framework agreement contract covers front-end engineering design (FEED), project management, and associated services for KOC’s major projects.
This contract represents a renewal of the first five-year framework agreement that was awarded to Technip Energies by KOC in 2014.
Charles Cessot, Senior Vice-President T.EN X of Technip Energies, commented: “We are delighted by the continued confidence shown by KOC with this award to support them on their major developments. This award reinforces the strong and lasting relationship we have built with KOC and reaffirms our outstanding consultancy delivery as well as our long-standing presence in Kuwait.”
(1) A “large” award for Technip Energies is a contract award representing between €250 million and €500 million of revenue. As the framework agreement is call-off in nature, the overall value of the contract will be progressively added to order intake as it is called off by the client.
To know more about Technip Energies PMC services:
Over the years, Technip Energies has become a contractor of choice for PMC services. Our group has been successful in supporting clients’ business objectives and consistently delivering projects with outstanding safety and environmental performance that meet cost, schedule and quality targets.
Learn more at: https://www.technipenergies.com/offering/project-management-consultancy
About Technip Energies
Technip Energies is a leading Engineering & Technology company for the energy transition, with leadership positions in Liquefied Natural Gas (LNG), hydrogen and ethylene as well as growing market positions in blue and green hydrogen, sustainable chemistry and CO2 management. The company benefits from its robust project delivery model supported by extensive technology, products and services offering.
Operating in 34 countries, our 15,000 people are fully committed to bringing our client’s innovative projects to life, breaking boundaries to accelerate the energy transition for a better tomorrow.
Technip Energies is listed on Euronext Paris with American depositary receipts (“ADRs”) trading over-the-counter in the United States. For further information: www.technipenergies.com.
Disclaimers
This release is intended for informational purposes only for the shareholders of Technip Energies. This press release is not intended for distribution in jurisdictions that require prior regulatory review and authorization to distribute a press release of this nature.
Important Information for Investors and Securityholders
Forward-Looking Statement
This release contains “forward-looking statements” as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements usually relate to future events and anticipated revenues, earnings, cash flows or other aspects of Technip Energies’ operations or operating results. Forward-looking statements are often identified by the words “believe,” “expect,” “anticipate,” “plan,” “intend,” “foresee,” “should,” “would,” “could,” “may,” “estimate,” “outlook,” and similar expressions, including the negative thereof. The absence of these words, however, does not mean that the statements are not forward-looking. These forward-looking statements are based on Technip Energies’ current expectations, beliefs and assumptions concerning future developments and business conditions and their potential effect on Technip Energies. While Technip Energies believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting Technip Energies will be those that Technip Energies anticipates. All of Technip Energies’ forward-looking statements involve risks and uncertainties (some of which are significant or beyond Technip Energies’ control) and assumptions that could cause actual results to differ materially from Technip Energies’ historical experience and Technip Energies’ present expectations or projections. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those set forth in the forward-looking statements. For information regarding known material factors that could cause actual results to differ from projected results, please see Technip Energies’ risk factors set forth in Technip Energies’ filings with the U.S. Securities and Exchange Commission, which include amendment no. 4 to Technip Energies’ registration statement on Form F-1 filed on February 11, 2021. Forward-looking statements involve inherent risks and uncertainties and speak only as of the date they are made. Technip Energies undertakes no duty to and will not necessarily update any of the forward-looking statements in light of new information or future events, except to the extent required by applicable law.
Investor relations
Phil Lindsay
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HOUSTON--(BUSINESS WIRE)--Enterprise Products Partners L.P. (NYSE: EPD) (“Enterprise”) announced today that the board of directors of its general partner declared a quarterly cash distribution to be paid to Enterprise common unitholders with respect to the fourth quarter of 2022 of $0.49 per unit, or $1.96 per unit on an annualized basis.
This quarterly distribution will be paid February 14, 2023, to common unitholders of record as of the close of business January 31, 2023. This distribution represents a 5.4 percent increase over the distribution declared with regard to the fourth quarter of 2021.
Enterprise repurchased $120 million of its common units in the open market during the fourth quarter of 2022 for a total of $250 million of common units repurchased in 2022. Inclusive of these purchases, the partnership has utilized 37 percent of its authorized $2.0 billion buyback program.
Enterprise will announce its earnings for the fourth quarter of 2022 on Wednesday, February 1, 2023, before the New York Stock Exchange opens for trading. Following the announcement, the partnership will host a conference call at 9 a.m. CT with analysts and investors to discuss earnings. The call will be webcast live on the Internet and may be accessed through the “Investors” section of the partnership’s website at www.enterpriseproducts.com. A replay of the webcast will be available following the conference call and may be accessed approximately one hour after completion of the call.
Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Services include: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage and marine terminals; crude oil gathering, transportation, storage and marine terminals; petrochemical and refined products transportation, storage and marine terminals; and a marine transportation business that operates on key U.S. inland and intracoastal waterway systems. The partnership’s assets currently include more than 50,000 miles of pipelines; over 260 million barrels of storage capacity for NGLs, crude oil, petrochemicals and refined products; and 14 billion cubic feet of natural gas storage capacity.
This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent (100.0 percent) of Enterprise’s distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, Enterprise’s distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.
This press release includes “forward-looking statements” as defined by the Securities and Exchange Commission. All statements, other than statements of historical fact, included herein that address activities, events, developments or transactions that Enterprise and its general partner expect, believe or anticipate will or may occur in the future are forward-looking statements. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from expectations, including required approvals by regulatory agencies, the possibility that the anticipated benefits from such activities, events, developments or transactions cannot be fully realized, the possibility that costs or difficulties related thereto will be greater than expected, the impact of competition, and other risk factors included in Enterprise’s reports filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. Except as required by law, Enterprise does not intend to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.
Randy Burkhalter, Investor Relations, (713) 381-6812 or (866) 230-0745
Rick Rainey, Media Relations (713) 381-3635
DUBLIN--(BUSINESS WIRE)--The "Distributed Acoustic Sensing Market, By Application by Region - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030" report has been added to ResearchAndMarkets.com's offering.
Distributed acoustic sensing is a technology that facilitates real-time monitoring of pipelines and wells, in order to provide vital information to customers in various challenging circumstances. The basic principle of working of DAS is Rayleigh scattering and is used to determine acoustic strain signals over long distances.
This virtually and effectively turns optic fiber into a series of microphones. Thereafter, the data is acquired advanced processing techniques such as frequency filtering, time and depth domain stacking, are employed to obtain information for a wide variety of applications. Distributed acoustic sensing finds applications in monitoring of pipelines as well as railroads, highways, and borders.
The global distributed acoustic sensing (DAS) market was valued for US$ 624.3 Mn in 2019.
Market Dynamics
Growing adoption in of DAS in mineral exploration industries is expected to drive the growth of the global distributing acoustic market in the forecast period. DAS is very well suited for the mineral exploration as it has very low cost compared to currently using borehole seismic sensor.
Apart from low cost DAS has very small diameter so it can easily passed to boreholes to collect the data. The speed of acquisition speed I more due to the sensitivity along the entire length of the cable. That's why the adoption of DAS is increasing in the mineral exploration industry.
However, limited sensitivity of the ground motion to only the direction along the fiber and lack of couple formation creates which creates error in data. These factor may hamper the growth of DAS in the forecast period.
Key features of the study:
Detailed Segmentation
Global Distributed Acoustic Sensing (DAS) Market, By Application:
Global Distributed Acoustic Sensing (DAS) Market, By Region:
Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/eytykg
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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At CES in Las Vegas, Davis launched its first touch-enabled weather data console, which puts the power of customization in the hands of weather enthusiasts
GERMANTOWN, Md.--(BUSINESS WIRE)--Davis Instruments, an AEM brand, announced the release of its newest product, the WeatherLink® Console, at the 2023 Consumer Electronics Show today. This console enables professionals and weather-enthusiasts to personalize, interact with and track observations from their weather station at-a-glance, all in a modern device that will become a centerpiece in your office or home.
“We are very excited to launch the WeatherLink Console,” said Mark D. Miller, Chief Commercial Officer of AEM. “As severe weather events such as floods, droughts, and major storms become increasingly common, more people are taking an interest in personal weather monitoring to stay aware and ahead of changing local weather conditions and help protect their property and communities. Manufacturing weather stations for over 35 years, Davis has established itself as a worldwide leader in high-quality sensor technology. As the next evolution, we wanted to bring the data to life by creating a more personal, modern, and compelling weather experience and narrative. That is what drove the development and enhancements of the WeatherLink Console.”
The WeatherLink Console comes equipped with a color HD touchscreen display that displays a personalized weather dashboard, featuring real-time data from their weather station as well as short and medium-range forecasts. The dashboard can show real-time data on up to 21 parameters, such as wind, rain, and barometric pressure, and alarm on hundreds of changing conditions that matter most to you.
Using the WeatherLink Console’s onboard database of historical records, users can create more than 80 custom charts and graphs that turn their local data into a powerful weather story. Using built-in Wi-Fi, the console makes is easy to connect to the WeatherLink Cloud and securely store and share data with the largest global personal weather station network, or keep that data private. Access to a multitude of personal weather stations in a community can provide emergency response agencies a more complete view of weather conditions across the area to better inform and sharpen crucial decisions.
Additional capabilities of the WeatherLink Console include:
The WeatherLink Console is on display at the Consumer Electronics Show in Las Vegas from now until January 8, 2023. To learn more about the WeatherLink Console and other personal weather technology, visit Davis Instruments at https://www.davisinstruments.com/.
About AEM
AEM is combining global technology leaders, including Davis Instruments and its precision weather monitoring solutions, to empower communities and organizations to survive and thrive in the face of escalating environmental risks. By deploying intelligent sensing networks, operating a secure and scalable data management infrastructure, and delivering high-value analytics through a suite of end-user applications, AEM serves as the essential source for environmental insights. These technologies enable positive outcomes, helping reduce environmental impact and creating a safer world. For more information, visit https://aem.eco and https://www.davisinstruments.com/.
John Lauer
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