HOUSTON--(BUSINESS WIRE)--Today SynMax announced the closure of its seed round with $6 million in funding, an oversubscription of $2 million. 100% of the investment came directly from SynMax customers. The start-up will use this funding to expand its team to continue building its suite of energy products and advance development of its maritime domain awareness product.
The seed round was led by Bill Perkins, Founder and Managing Partner of Skylar Capital. When asked about his decision to invest, Perkins said “I am very excited about SynMax and the problems they are solving. Their dedicated and skilled team has taken a unique approach and made the products that SynMax create 'essential intelligence' in both the energy and maritime awareness domains.”
About SynMax: SynMax is a geospatial intelligence SaaS company that has adopted a cutting-edge approach to providing unrivaled intelligence product suites for the energy and maritime industries. SynMax’s AI, informed by industry experts and data scientists, fuses earth observation imagery and key data sources to provide comprehensive ground truths, not predictions.
The SynMax Energy product suite launched in May 2022, harnesses SynMax’s AI to provide the most accurate and timely energy intelligence on the market. SynMax Maritime is launching Theia in early 2023, a maritime domain awareness platform that employs data fusion to deliver unparalleled actionable intelligence around dark ships and their activities.
Visit SynMax’s website for more details: https://www.synmax.com/
Energy Contact: Eric Anderson This email address is being protected from spambots. You need JavaScript enabled to view it.
Maritime Contact: Dean Harkess This email address is being protected from spambots. You need JavaScript enabled to view it.
General Inquiries: This email address is being protected from spambots. You need JavaScript enabled to view it.
Phone: +1 (713) 569-9237
McCulloch to Lead Efforts to Share Company’s Safety Progress and Raise Awareness of Innovative Programs Benefitting Customers
OAKLAND, Calif.--(BUSINESS WIRE)--Pacific Gas and Electric Company (PG&E) has appointed David McCulloch as its new Vice President and Chief Marketing and Communications Officer, effective today.
McCulloch is a 20-year Bay Area resident who comes to PG&E with deep experience in corporate communications and marketing at a range of companies in the energy and technology sectors. Most recently, he led communications for X’s moonshot to decarbonize the electric grid through advanced simulation and modeling technologies. X is a subsidiary of Alphabet.
McCulloch also has held marketing and communications leadership roles at Hitachi’s global tech subsidiary Hitachi Vantara, fuel cell company Bloom Energy, and General Electric, where he focused on issues at the crossroads of electricity and artificial intelligence. Before that, he led global public relations at Cisco and was an executive leader with global technology PR agency Text 100.
In his new role, McCulloch will oversee how PG&E communicates with the 16 million people it serves in Northern and Central California. This includes keeping customers and others informed about PG&E’s progress in delivering safe, reliable energy; ways the company is helping customers save money on their bills; and how PG&E is harnessing innovation to achieve its bold climate goals. He also will oversee PG&E’s marketing efforts to encourage customer participation in programs that promote energy efficiency, provide income-qualified bill discounts, and support electric vehicle owners, among others.
“We are excited to bring David aboard as we work to build trust with our customers and hometowns by shining a light on all of the ways we support them—whether it’s through investing in our energy systems or providing programs that help them take control of their energy use and costs,” said PG&E’s Executive Vice President and Chief Customer Officer Marlene Santos.
“PG&E has an essential role to play in California, and globally, as a convener of ideas and as a catalyst for energy innovation that better serves our customers and our planet. I’m excited to help bring that same spirit of innovation to how we communicate and engage with our customers and everyone we’re partnering with in building the future of energy,” McCulloch said.
McCulloch has been recognized as North America Public Relations Professional of the Year by PRWeek, was part of Cisco’s PR team that was selected as PRWeek’s In-House Team of the Year and is a past President of the Public Relations Society of America’s Silicon Valley Chapter.
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.
Media Relations
415.973.5930
AUSTIN, Texas--(BUSINESS WIRE)--#California--California residents can now save money instantly on energy-efficient home upgrades with the new Golden State Rebates program implemented by CLEAResult, the largest energy efficiency solutions provider in North America, under a contract awarded by San Diego Gas & Electric Company (SDG&E®). The program’s easy-to-use retail coupon portal includes rebates of up to $500 and is available to customers of SDG&E®, Pacific Gas and Electric Company (PG&E®), Southern California Gas Company (SoCalGas®) and Southern California Edison Company (SCE®).
Golden State Rebates currently offers instant discounts when purchasing energy-saving smart thermostats, water heaters and room air conditioners. Customers simply sign up for an account, verify their eligibility, then receive a coupon via email for the selected product to be redeemed at a participating in-store or online retailer of their choice. The program is the only statewide instant rebate option that works with retailers directly to make purchasing energy-efficient products more convenient and affordable.
“Energy costs are a top concern for Californians and their utilities,” said Kecia Davison, CLEAResult’s Senior Vice President for the West Region. “Energy efficiency is key to saving folks money now and in the long run. It also plays a vital role in supporting the state’s decarbonization goals.”
The program has the full support of SDG&E, PG&E, SoCalGas and SCE as part of the companies’ efforts to transition California to a clean energy future that is equitable and affordable for everyone.
“Beyond the immediate savings from the rebates, energy-efficient products can help customers save in the long run on their gas and electric bills by reducing their energy consumption,” said SDG&E Director of Customer Programs Hollie Bierman. “By replacing older models of appliances with ultra-efficient ones, families can potentially save hundreds of dollars per year, while also reducing their carbon footprint.”
People often make energy efficiency improvements when equipment needs to be replaced, so Golden State Rebates ensures that utility customers, installers and distributers all have access to instant discounts. The rebates can also be combined with other statewide initiatives like TECH Clean California to help people save even more money. If someone is upgrading to a heat pump water heater, for example, they may be able to save up to $500 with Golden State Rebates, plus an additional $1,000 – $3,100 through TECH Clean California depending on eligibility. People can check their eligibility using the Switch is On Incentive Finder as the additional incentives are only available in limited territories and amounts are subject to change.
Golden State Rebates’ holistic approach to energy efficiency can help people be proactive about their energy use, all while saving money at a time when it’s needed most. Visit goldenstaterebates.com for full details on everything the program has to offer.
About CLEAResult
CLEAResult is the largest provider of energy efficiency, energy transition, and decarbonization solutions in North America. Since 2003, our mission has been to change the way people use energy. Today, our experts lead the transition to a sustainable, equitable, and carbon-neutral future for our communities and our planet. Our hometown teams collaborate with a diverse network of local partners to deliver world-class technology and personalized services that make it easy for commercial and industrial businesses, governments, utilities and residential customers to reduce their energy use and carbon footprint. CLEAResult is headquartered in Austin, Texas, and has over 2,400 employees in more than 60 cities across the U.S. and Canada. CLEAResult is majority owned by TPG through its middle market and growth equity investment platform TPG Growth and its multi-sector global impact investing strategy The Rise Fund.
Explore all our energy solutions at clearesult.com.
Follow us on: Facebook | LinkedIn | Twitter | Instagram
This email address is being protected from spambots. You need JavaScript enabled to view it.
Amber Tester
Director Corporate Communications
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced that TriMas management is scheduled to present at the Bank of America Securities 2022 Leveraged Finance Conference on Tuesday, November 29, 2022, at 10:10 a.m. ET in Boca Raton, Florida. The live webcast will be available in the Investor Relations section of the Company’s website at www.trimascorp.com or at TriMas Corporation (veracast.com).
About TriMas
TriMas manufactures a diverse set of products primarily for the consumer products, aerospace and industrial markets through its TriMas Packaging, TriMas Aerospace and Specialty Products groups. Our approximately 3,500 dedicated employees in 13 countries provide customers with a wide range of innovative and quality product solutions through our market-leading businesses. Our TriMas family of businesses has strong brand names in the markets served, and operates under a common set of values and strategic priorities under the TriMas Business Model. TriMas is publicly traded on the NASDAQ under the ticker symbol “TRS,” and is headquartered in Bloomfield Hills, Michigan. For more information, please visit www.trimascorp.com.
Sherry Lauderback
VP, Investor Relations & Communications
(248) 631-5506
This email address is being protected from spambots. You need JavaScript enabled to view it.
These new metrics help promote greater harmonization and consistency of disclosure of key ESG indicators for borrowers in private credit and syndicated loan transactions
NEW YORK--(BUSINESS WIRE)--Novata, a public benefit corporation and technology platform that provides private markets stakeholders with intuitive and effective Environmental, Social and Governance (ESG) data management solutions, today announced the launch of in-platform metrics to enable financial market participants to collect the ESG information outlined under the ESG Integrated Disclosure Project (ESG IDP). The ESG IDP is a market initiative formed by industry organizations, credit asset managers and credit investors to encourage the use of a group of ESG metrics that lenders consider material. The goal of harmonizing and standardizing ESG information requests is to establish a global baseline of ESG information across credit markets.
Backed by a consortium that includes the Ford Foundation, S&P Global (NYSE: SPGI), Hamilton Lane (NASDAQ: HLNE) and Omidyar Network, and with the support of more than a dozen private equity firms and pension funds, Novata is the leading ESG data management platform built specifically for the private markets. The Novata platform provides customers with a clear on-ramp for selecting ESG metrics, painless data collection and data insights and analytics tools to inform investment decisions.
ESG reporting by borrowers in the private credit and syndicated loan markets has not advanced quickly enough to effectively meet growing investor and regulatory demands. The ESG IDP was formed to establish a global baseline for ESG disclosure across the private and broadly syndicated credit markets. The ESG IDP is an industry initiative led by the Alternative Credit Council, Loan Syndications and Trading Association and United Nations-supported Principles for Responsible Investment that brings together leading lenders to improve market transparency and accountability.
“The ESG IDP is an important initiative to harmonize lender requests for ESG information and identify the ESG factors that are most material to lenders, in turn enabling consistent expectations for the borrower community,” said Lorraine Spradley Wilson, Chief Impact Officer and Head of ESG at Novata. “As the ESG data collection field advances, the Novata platform will adapt. Our rapid integration of the ESG IDP framework is a demonstration of our commitment to evolve quickly to meet changing customer needs.”
The ESG IDP module, housed in Novata’s framework builder, provides a simple and intuitive way for users to collect ESG information needed to fulfill their loan and credit reporting responsibilities. Novata’s framework builder is the proprietary in-platform tool used to create custom reporting frameworks that allow users to easily request ESG reports to each firm’s individual needs.
“ESG IDP represents an important step in addressing ESG disclosure challenges in the private credit markets,” said Michael Kashani, Head of ESG Credit at Apollo Global Management and ESG IDP Chair. “The harmonized template allows for data consistency, as well as broader market education on what the industry is looking for with respect to ESG disclosure. We are pleased that Novata was able to move so quickly to integrate the template in their platform so that firms can leverage this framework as they collect their ESG data.”
Since Novata’s successful platform launch in April, Novata has welcomed a range of private equity and credit firms to the General Partner Advisory Committee (GPAC) and has experienced significant global demand for its ESG data management platform.
“OHA is excited for the launch of the ESG IDP as a tool to promote ESG integrated analysis, engagement, and harmonize ESG data collection and reporting in broadly syndicated loan and private credit markets,” said Jeff Cohen, Managing Director, Head of ESG & Sustainability at Oak Hill Advisors and ESG IDP Vice Chair. “This is a big step for the industry - and great to see Novata has moved so swiftly to incorporate ESG IDP into their platform.”
To learn more about Novata’s platform offerings and to schedule a demo, please see here: https://www.novata.com/
About Novata
Novata is a public benefit corporation that enables the private markets to achieve a more sustainable and inclusive form of capitalism. Novata ESG solutions, technology platform and contributory database simplify the processes of selecting reporting metrics; collecting and storing relevant data; conducting analysis; and reporting to key stakeholders, including limited partners and regulators. Novata, a partnership of the Ford Foundation, S&P Global, Hamilton Lane and Omidyar Network, is majority controlled by mission-driven organizations and its employees. For more information, please visit https://www.novata.com/.
Katie Stueber
This email address is being protected from spambots. You need JavaScript enabled to view it.
BARCELONA, Spain--(BUSINESS WIRE)--Wallbox (NYSE:WBX), a leading provider of electric vehicle (EV) charging and energy management solutions worldwide, today announced its participation in upcoming institutional investor-focused events:
December 6, 2022: The Credit Suisse Virtual Climate Tech Conference
Eduard Casteneda, Co-founder and Chief Innovation Officer, and Matt Tractenberg, Vice President of Investor Relations will host virtual meetings with investors. Interested investors should reach out to their Credit Suisse sales contact directly.
December 13, 2022: The Janney Montgomery Scott Energy Transition Forum
Douglas Alfaro, General Manager of Wallbox North America, and Matt Tractenberg, Vice President of Investor Relations will present the company’s strategy and opportunities and host in-person meetings with investors in San Francisco. Interested investors should reach out to their Janney Montgomery sales contact directly.
December 15, 2022: UBS Virtual Electric Grid Summit
Jordi Lainz, CFO, and Matt Tractenberg, Vice President of Investor Relations will host meetings with investors at this virtual event. Interested investors should reach out to their UBS sales contact directly.
About Wallbox
Wallbox is a global technology company, dedicated to changing the way the world uses energy. Wallbox creates advanced electric vehicle charging and energy management systems that redefine users' relationship to the grid. Wallbox goes beyond electric vehicle charging to give users the power to control their consumption, save money, and live more sustainably. Wallbox offers a complete portfolio of charging and energy management solutions for residential, semi-public and public use in more than 110 countries. Founded in 2015 and headquartered in Barcelona, the company now employs over 1,200 people in its offices in Europe, Asia, and the Americas. For additional information, please visit www.wallbox.com.
Wallbox Investor Contact:
Matt Tractenberg
VP, Investor Relations
This email address is being protected from spambots. You need JavaScript enabled to view it.
+1 404-574-1504
Wallbox Public Relations Contact:
Elyce Behrsin
Public Relations
This email address is being protected from spambots. You need JavaScript enabled to view it.
+34 622 513 358
New ownership will focus on expanding services and operating range
JACKSONVILLE, Fla.--(BUSINESS WIRE)--Bluejay Capital Partners, LLC (“Bluejay Capital”), a specialist in logistics and transportation industry investing, has completed its acquisition of Best Warehousing and Transportation Inc (“BWT”), a leading B2B warehousing and transportation business, with 30 locations across 15 states. Terms of the transaction were not revealed.
“BWT has an exceptional track record serving industry leaders across many diversified supply chains. They attract customers and grow with them in new services and locations. The strong team at BWT, coupled with the Bluejay Capital team’s growth expertise and significant industry experience creates a powerful combination. We are thrilled to partner with Winston to take BWT to the next level,” said Josh Putterman, founding partner of Bluejay Capital.
Winston McDonald Jr., President and CEO of BWT, who retains a sizable ownership stake in the business, expressed his eager outlook for the company’s future.
“Our partnership with Bluejay Capital marks the beginning of an important chapter of growth for our company and our dedicated employees. We are proud of what we have created and accomplished over the last 16 years and are excited to build upon that history, advancing our industry-leading position, expanding our market reach and broadening the scope of work and services we provide,” said McDonald. “The Bluejay team is definitely the right partner for me and BWT.”
Bluejay Capital financed the transaction with Argosy Private Equity, Southfield Mezzanine, Spring Capital Partners and Key Bank.
About Bluejay Capital Partners
Bluejay Capital is an operating partner actively investing in transportation and logistics businesses. Located in Jacksonville and Denver, the team is comprised of senior M&A professionals that specialize in improving financial and operational performance. They have more than 120 years of combined experience in transportation and logistics with a proven track record of value creation. www.bluejay-capital.com
About BWT
Best Warehousing & Transportation Inc. is a third party logistics provider specializing in comprehensive, client-focused solutions, including transportation, warehousing and storage, logistics handling and other services. Based in Atlanta and serving the nation, the company provides logistics solutions out of both dedicated and multi-tenant warehouses. https://bestwtc.com/about-us/
Media Contact:
Ron Margulis
RAM Communications
908.337.0020
This email address is being protected from spambots. You need JavaScript enabled to view it.
HOUSTON--(BUSINESS WIRE)--Crescent Energy Company (NYSE: CRGY), ("Crescent" or the "Company"), today announced that representatives of the Company will be participating in the BofA Leveraged Finance Conference in Boca Raton, Florida on November 29, 2022.
The accompanying slide presentation will be available on the Company’s website under https://ir.crescentenergyco.com/events-presentations/.
About Crescent Energy Company
Crescent is a well-capitalized, U.S. independent energy company with a portfolio of assets in key proven basins across the lower 48 states and substantial cash flow supported by a predictable base of production. Crescent’s core leadership team is a group of experienced investment, financial and industry professionals who continue to execute on the strategy management has employed since 2011. The Company’s mission is to invest in energy assets and deliver better returns, operations and stewardship. For additional information, please visit www.crescentenergyco.com.
Emily Newport
This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "Refinery Hydrotreater Units Capacity and Capital Expenditure Outlook with Details of All Operating and Planned Units, 2022-2026" report has been added to ResearchAndMarkets.com's offering.
The global refinery hydrotreater units capacity increased from 57,558 thousand barrels per day (mbd) in 2016 to 60,337 mbd in 2021 at an Average Annual Growth Rate (AAGR) of 1.0%. It is expected to increase from 60,337 mbd in 2021 to 70,222 mbd in 2026 at an AAGR of 3%. The US, China, Japan, India, and Russia are the major countries that accounted for 56.5% of the total global hydrotreater units capacity in 2021.
Report Coverage
Reasons to Buy
Key Topics Covered
1. Introduction
1.1. What is this Report About?
1.2. Market Definition
2. Global Refinery Hydrotreater Units, Snapshot
2.1. Global Refinery Hydrotreater Units, Key Data, 2021
2.2. Global Refinery Hydrotreater Units, Planned and Announced Hydrotreater Units
2.3. Global Refinery Hydrotreater Units, New Hydrotreater Units and Capacity Expansions by Region
2.4. Global Refinery Hydrotreater Units, Regional Comparisons
3. Africa Refinery Hydrotreater Units
3.1. Africa Refinery Hydrotreater Units, Snapshot
3.2. Africa Refinery Hydrotreater Units, Planned and Announced Hydrotreater Units, Capacity Expansions and Capex by Country
3.3. Africa Refinery Hydrotreater Units, New Hydrotreater Units and Capacity Expansions by Key Countries
3.4. Africa Refinery Hydrotreater Units, South Africa
3.5. Africa Refinery Hydrotreater Units, Egypt
3.6. Africa Refinery Hydrotreater Units, Nigeria
3.7. Africa Refinery Hydrotreater Units, Morocco
3.8. Africa Refinery Hydrotreater Units, Libya
3.9. Africa Refinery Hydrotreater Units, Sudan
3.10. Africa Refinery Hydrotreater Units, Cote d'Ivoire
3.11. Africa Refinery Hydrotreater Units, Cameroon
3.12. Africa Refinery Hydrotreater Units, Algeria
3.13. Africa Refinery Hydrotreater Units, Djibouti
3.14. Africa Refinery Hydrotreater Units, Niger
3.15. Africa Refinery Hydrotreater Units, Tunisia
3.16. Africa Refinery Hydrotreater Units, Zambia
3.17. Africa Refinery Hydrotreater Units, Gabon
3.18. Africa Refinery Hydrotreater Units, Ghana
3.19. Africa Refinery Hydrotreater Units, Senegal
3.20. Africa Refinery Hydrotreater Units, Congo Republic
3.21. Africa Refinery Hydrotreater Units, Angola
3.22. Africa Refinery Hydrotreater Units, Zimbabwe
3.23. Africa Refinery Hydrotreater Units, Ethiopia
3.24. Africa Refinery Hydrotreater Units, South Sudan
3.25. Africa Refinery Hydrotreater Units, Sierra Leone
4. Asia Refinery Hydrotreater Units
4.1. Asia Refinery Hydrotreater Units, Snapshot
4.2. Asia Refinery Hydrotreater Units, Planned and Announced Hydrotreater Units, Capacity Expansions and Capex by Country
4.3. Asia Refinery Hydrotreater Units, New Hydrotreater Units and Capacity Expansions by Key Countries
4.4. Asia Refinery Hydrotreater Units, China
4.5. Asia Refinery Hydrotreater Units, Japan
4.6. Asia Refinery Hydrotreater Units, India
4.7. Asia Refinery Hydrotreater Units, South Korea
4.8. Asia Refinery Hydrotreater Units, Taiwan
4.9. Asia Refinery Hydrotreater Units, Thailand
4.10. Asia Refinery Hydrotreater Units, Malaysia
4.11. Asia Refinery Hydrotreater Units, Singapore
4.12. Asia Refinery Hydrotreater Units, Vietnam
4.13. Asia Refinery Hydrotreater Units, Indonesia
4.14. Asia Refinery Hydrotreater Units, Pakistan
4.15. Asia Refinery Hydrotreater Units, Philippines
4.16. Asia Refinery Hydrotreater Units, Brunei
4.17. Asia Refinery Hydrotreater Units, Sri Lanka
4.18. Asia Refinery Hydrotreater Units, Laos
4.19. Asia Refinery Hydrotreater Units, Myanmar
4.20. Asia Refinery Hydrotreater Units, Bangladesh
4.21. Asia Refinery Hydrotreater Units, Mongolia
5. Caribbean Refinery Hydrotreater Units
5.1. Caribbean Refinery Hydrotreater Units, Snapshot
5.2. Caribbean Refinery Hydrotreater Units, U.S. Virgin Islands
5.3. Caribbean Refinery Hydrotreater Units, Aruba
5.4. Caribbean Refinery Hydrotreater Units, Trinidad and Tobago
5.5. Caribbean Refinery Hydrotreater Units, Cuba
5.6. Caribbean Refinery Hydrotreater Units, Jamaica
5.7. Caribbean Refinery Hydrotreater Units, Martinique
6. Central America Refinery Hydrotreater Units
6.1. Central America Refinery Hydrotreater Units, Snapshot
6.2. Central America Refinery Hydrotreater Units, Planned and Announced Hydrotreater Units, Capacity Expansions and Capex by Country
6.3. Central America Refinery Hydrotreater Units, Costa Rica
7. Europe Refinery Hydrotreater Units
8. Former Soviet Union Refinery Hydrotreater Units
9. Middle East Refinery Hydrotreater Units
10. North America Refinery Hydrotreater Units
11. Oceania Refinery Hydrotreater Units
12. South America Refinery Hydrotreater Units
13. Appendix
13.1. Abbreviations
13.2. Status Definition
13.3. States by PADD Regions Included in the Report
13.4. Methodology
For more information about this report visit https://www.researchandmarkets.com/r/sx28tg
Source: GlobalData
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
CHANDLER, Ariz.--(BUSINESS WIRE)--Rogers Corporation (NYSE:ROG) (“Rogers”) today announced that it will hold a conference call for analysts and investors on December 8, 2022 at 4:30 pm ET. The Company will discuss its growth opportunities, year-to-date performance, capital allocation priorities and other aspects of the business. The call will be hosted by Bruce Hoechner, President and CEO, Colin Gouveia, SVP and General Manager of the Elastomeric Material Solutions business unit and Ram Mayampurath, SVP and CFO. As previously announced Mr. Hoechner has decided to retire, effective December 31, 2022. The Rogers Board of Directors plans to appoint Mr. Gouveia to succeed him.
A live webcast and slide presentation will be available under the investors section of www.rogerscorp.com.
About Rogers Corporation
Rogers Corporation (NYSE:ROG) is a global leader in engineered materials to power, protect and connect our world. Rogers delivers innovative solutions to help our customers solve their toughest material challenges. Rogers’ advanced electronic and elastomeric materials are used in applications for EV/HEV, automotive safety and radar systems, mobile devices, renewable energy, wireless infrastructure, energy-efficient motor drives, industrial equipment and more. Headquartered in Chandler, Arizona, Rogers operates manufacturing facilities in the United States, Asia and Europe, with sales offices worldwide.
Investor contact:
Steve Haymore
Phone: 480.917.6026
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "United States Crude Steel Industry: Insights & Forecast with Potential Impact of COVID-19 (2022-2026)" report has been added to ResearchAndMarkets.com's offering.
The US crude steel market is forecasted to reach US$110.0 billion in 2026, experiencing growth at a CAGR of 6.12% during the period spanning from 2022 to 2026. Growth in the US crude steel market has been supported by factors such as booming automobile industry and accelerating urban population. The United States-Mexico-Canada Agreement (USMCA) is likely to have a positive impact on US crude steel market. However, the market growth is expected to be restrained by increasing problem of excess crude steelmaking capacity.
The US crude steel market by production process can be segmented into the following segments: electric arc furnace and basic oxygen furnace. In 2021, the dominant share of US crude steel market was held by: electric arc furnace, followed by basic oxygen furnace. The US crude steel market by chemical composition can be segmented as follows: carbon steel, alloy steel, stainless steel and tool steel. The largest share of the market was held by carbon steel, followed by alloy steel, stainless steel and tool steel. The US crude steel market by steel mill products can be segmented as follows: flat steel products and long steel products. The largest share of the market is held by flat steel products, followed by long steel products.
The US crude steel market by end user industry can be segmented into the following segments: construction, automotive, machinery/ equipment, energy, appliances and other applications. In 2021, the dominant share of market was held by construction industry, followed by automotive, machinery/ equipment industry. Factors such increased construction and infrastructure projects and booming oil and gas industry helped in boosting market growth of the US crude steel market.
Scope of the report
Market Dynamics
Growth Drivers
Key Trends
Challenges
Key Target Audience
Key Topics Covered:
1. Market Overview
2. Impact of COVID-19
3. Market Analysis
4. Market Dynamics
5. Company Profiles
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/n720id
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
Projecting growth, stable performance in a changing environment
HOUSTON--(BUSINESS WIRE)--The Port Commission of the Port of Houston Authority met on Friday, November 18, and conducted its annual Budget Workshop. It approved the proposed 2023 operating budget and capital plan, which will guide staff in the operation and management of Port Houston facilities and activities for the Fiscal Year 2023.
The approved 2023 Capital plans comprehend an Operating Capital Improvement Projects budget of $579 million and $99 million for Project 11 – the expansion of the Houston Ship Channel.
Capital plans continue for accelerated container capacity additions to provide efficient growth opportunities for Port Houston's customers.
The Port Commission approved tariff rate changes effective January 2023 which align fees with escalating operating costs and support infrastructure investment to keep Port Houston terminals competitive.
The Port Commission will meet next on December 6.
The Port Houston 2023 Budget Workshop Presentation can be accessed on the Financial Transparency webpage at this link: https://porthouston.com/wp-content/uploads/PHA_OperatingBudget_2023_Approved_2022-1118.pdf
About Port Houston
For more than 100 years, Port Houston has owned and operated the public wharves and terminals along the Houston Ship Channel, including the area’s largest breakbulk facility and two of the most efficient container terminals in the country. Port Houston is the advocate and a strategic leader for the Channel. The Houston Ship Channel complex and its more than 200 public and private terminals, collectively known as the Port of Houston, is the nation’s largest port for waterborne tonnage and an essential economic engine for the Houston region, the state of Texas and the U.S. The Port of Houston supports the creation of nearly 1.35 million jobs in Texas and 3.2 million jobs nationwide, and economic activity totaling $339 billion in Texas – 20.6 percent of Texas’ total gross domestic product (GDP) – and $801.9 billion in economic impact across the nation. For more information, visit the website at PortHouston.com.
Lisa Ashley-Daniels, Director, Media Relations, Office: 713-670-2644; Mobile: 832-247-8179; E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
DENVER--(BUSINESS WIRE)--National Grid is implementing new technology to plan for the decarbonization of its electric and gas networks. Implementing encoord’s SAInt software allows National Grid to coordinate the planning of their electric and gas infrastructure. For the first time, they will be able to quantify the tradeoffs between different operational and strategic decisions in a single platform.
Modeling and planning of energy networks have traditionally been done using a mix of separate tools and data. The addition of SAInt allows National Grid to plan electricity and gas transmission and distribution networks in a coordinated way. This is an essential step toward achieving National Grid’s ambitious decarbonization goals. Moving forward requires planners to think holistically and treat electricity and gas infrastructure as an integrated energy system.
SAInt allows National Grid to answer questions that have been difficult to answer with traditional planning tools and processes, such as:
To ensure a coordinated effort, encoord is currently training across National Grid’s planning teams. Electricity and gas planning teams are all benefiting from the use of a common planning platform. It will create new efficiency, transparency, and accuracy levels in National Grid’s planning processes.
Domenico Fuda, Director of Integrated Planning at National Grid, said:
“National Grid is committed to enabling and accelerating the transition to a clean energy future, while ensuring all customers and communities continue to have affordable and reliable options to heat their homes and run their businesses. To do this, a truly integrated plan between our gas and electric businesses is needed now more than ever. This tool will help us identify potential issues and system needs, and help our planners determine the most appropriate and cost effective solutions.”
Carlo Brancucci, CEO of encoord, said:
“To our knowledge, using SAInt across National Grid’s planning departments represents the first time a major electricity and gas utility in the US gathers its electricity and gas planning teams to use an integrated planning platform. I am convinced this will be crucial for successful integrated planning and for the company to meet its ambitious decarbonization goals. National Grid is setting a great example for all the utilities in the US and globally.”
About National Grid
National Grid (NYSE: NGG) is an electricity, natural gas, and clean energy delivery company serving more than 20 million people through our networks in New York and Massachusetts. National Grid is focused on building a path to a more affordable, reliable clean energy future through our fossil-free vision. National Grid is transforming our electricity and natural gas networks with smarter, cleaner, and more resilient energy solutions to meet the goal of reducing greenhouse gas emissions.
For more information, please visit our website, follow us on Twitter, watch us on YouTube, like us on Facebook and find our photos on Instagram.
About encoord
encoord Inc. provides software tools, data, and advisory services to help energy stakeholders plan for the energy transition. encoord’s core technology is the Scenario Analysis Interface for Energy Systems (SAInt), a software platform to model and plan energy networks and markets. encoord works with utilities, network operators, technology and project developers, regulatory agencies, and research organizations to solve operational and strategic challenges. With offices in the US and Germany, encoord serves customers internationally to change the future of energy.
For more information about encoord, visit our website and follow us on LinkedIn.
Brandon Sisson
encoord Inc.
This email address is being protected from spambots. You need JavaScript enabled to view it.
MUNICH--(BUSINESS WIRE)--#constructionintelligence--Digitisation of the AECO industry has a high potential for saving both cost and time in a construction project. However, successfully exploiting this potential equally depends on the functional richness of the software solution and the innovative power of the vendor. Thinkproject, Europe's leading SaaS provider for construction and engineering projects, is continuously innovating its portfolio. Not only is it launching new functionalities on a quarterly basis, but also introducing new solutions that simplify its customer’s business processes and services, with the goal to have a positive impact on their bottom line.
Thinkproject is now expanding its range of specialised software in the area of Common Data Environments (CDE) and Building Information Modeling (BIM) with the cloud-based Thinkproject ARCHIVE and eLearning platform Thinkproject Academy.
Targeted learning with Thinkproject Academy
Thinkproject Academy is an online learning platform that provides a digital learning and training experience for the SaaS provider's specialised CDE and BIM software. With the platform's interactive training, users can learn at their own pace and in a hands-on manner to exploit the software's potential in their projects. This facilitates the start at the beginning of the project as well as the training of new project participants who need to be trained during the project. Currently, Thinkproject Academy supports CEMAR, KAIRNIAL and CONCLUDE CDE. However, the company will gradually expand the scope of supported solutions, provide training for new features, and offer customisable training packages for specific project requirements.
Availability of project information throughout the entire lifecycle
Managing large volumes of project data and information is one of the key success factors for any construction project to reduce costs, meet schedules and be more sustainable with resources. Thinkproject ARCHIVE is the digital archiving solution that ensures project information is always easily accessible and secured – even after the project is finished. Thinkproject ARCHIVE enables construction companies to comply with legal retention requirements and safeguards that project information is available for potential warranty claims and litigation.
Thinkproject Archive helps project participants meet these requirements for the entire lifecycle of a construction project – even when their job in the project is finished. Additionally, the archive can be enriched with best practices and lessons learned as a knowledge base to be available for future projects. Archiving in the cloud allows data to be made available wherever it is needed at any time. Because Thinkproject provides and manages the cloud infrastructure, customers can focus on using the solutions and their core business.
“For more than two decades, Thinkproject’s construction cloud solutions have been helping our customers improve productivity and deliver projects on time. Thinkproject’s industry leading CDE solutions (common data environment) are helping thousands of customers to build and manage their assets” explains Hemendra Pal, Chief Product & Technology Officer. “But the real benefit for our customers derives from how the change is managed during software implementation and how well people are trained throughout the course of a project to most efficiently use the software. We provide effective training on our eLearning platform Thinkproject Academy. In addition, at project completion, our customers can now access a managed cloud offering for their project archives that takes the burden of infrastructure provisioning and management off their shoulders, while still being secure, legally compliant, and always available.”
More information:
About Thinkproject
Thinkproject is Europe's leading SaaS provider for Construction Intelligence solutions. The combination of practical experience and the intelligent use of data creates a decisive competitive advantage for customers. Thinkproject is thus at the forefront of digitization and transformation in the AECO industry. With +700 employees worldwide, Thinkproject provides 3,250 customers and more than 300,000 users in over 60 countries with digital solutions that span the entire construction project lifecycle.
For more information, visit www.thinkproject.com
Press Contact:
Stefan Ehgartner / Simon A. Löfflad
Havana Orange GmbH
This email address is being protected from spambots. You need JavaScript enabled to view it.
+49 (89) 92 131 51 – 0
DUBLIN--(BUSINESS WIRE)--The "The Global Remote Tank Monitoring Market - 5th Edition" report has been added to ResearchAndMarkets.com's offering.
This strategic research report analyses the latest trends and developments on the market for connected tanks. The report provides you with 85 pages of unique business intelligence including 5-year industry forecasts and expert commentary on which to base your business decisions.
The global installed base of active remote tank monitoring (RTM) solutions reached 6.2 million units at the end of 2021, according to the research report. Growing at a compound annual growth rate (CAGR) of 29.9%, the active installed base is estimated to reach 23 million units worldwide in 2026.
The analyst estimates that the European market accounted for almost 1.5 million active RTM systems at the end of 2021. The North American market is estimated to be larger than the European at around 2.6 million active units. The Asia-Pacific market is moreover estimated to represent an installed base of about 1.4 million RTM systems. South America and Middle East & Africa are smaller markets having installed bases of 310,000 units and 434,000 units respectively.
There are more than 100 RTM solution vendors active on the market worldwide and this report covers 63 companies. The analyst ranks Otodata once again as the leading RTM solution provider in terms of the active installed base worldwide with an installed base of about 1.6 million RTM units.
Otodata is based in Canada and primarily focuses on the fuel reseller segment in North America. Otodata has so far acquired 3 companies to boost its growth plans: Wise Telemetry in April 2021, Wireless Applications Corporation (WACnGO) in December 2021 and AIUT's LPG branch in June 2022. Anova and SkyBitz (Ametek) were in second and third place having achieved installed bases of about 890,000 units and 195,000 units respectively.
Anova has done a string of acquisitions including Independent Technologies, Wikon, ISA - Intelligent Sensing Anywhere, iTank (Sierra Wireless) and Silicon Controls to become the second largest RTM solution vendor with more than 2,000 customers in 75 countries. SkyBitz is based in the US and most of its tanks under management can be found in North America and a few in Mexico and other countries. Polish AIUT and Tank Utility followed in fourth and fifth place and had installed bases of 172,000 and 125,000 tank monitoring systems respectively. Sensile Technologies, FoxInsights, Angus Energy, Kingspan, Dunraven Systems and Powelectrics are also ranked among the largest providers with 60,000 - 100,000 units each. Other RTM solution providers with installed bases of 21,000 - 50,000 RTM systems in active use at the end of 2021 include Varec, ATEK Access Technologies, Banner Engineering, FreeWave, GreenCityZen, Insite Platform Partners, SilentSoft, Schmitt Industries and Tecson.
Highlights from the report:
This report answers the following questions:
Who Should Read This Report?
The Global Remote Tank Monitoring Market is the foremost source of information about the adoption of connected tank level measurement devices in multiple market segments. Whether you are a device vendor, service provider, telecom operator, investor, consultant, tank fleet owner or government agency, you will gain valuable insights from this in-depth research.
Key Topics Covered:
Executive Summary
1 Tank Monitoring Solutions
2 Market Forecasts and Trends
3 Company Profiles and Strategies
Glossary
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/57a8cz
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
BASINGSTOKE, England--(BUSINESS WIRE)--#smartgridmarket--A new study from Juniper Research has found cost savings from smart grid deployments will exceed $125 billion globally in 2027; increasing from just over $33 billion in 2022. This 279% growth will be driven by rising energy prices, with smart grid technologies playing a critical role in increasing network efficiency and optimising resource management. The Smart Grid market report identified abilities of AI-based analytics as crucial to maximising benefits of new renewable energy sources, by actively balancing load and optimising energy transmission.
Smart grids are electricity networks using advanced technologies to monitor and manage transport of electricity from all generation sources to meet varying electricity demands of end users.
Smart Grid Key to Renewables-led Future
The research identified smart grid deployments as key to decarbonisation of electricity production. Smart grids will enable energy sources that produce electricity based on external elements, such as solar and wind power, to meet energy requirements more effectively, by actively balancing load and predicting surges in demand & production.
Research co-author Nick Maynard explained further: “By leveraging AI, electricity networks can ensure spikes in demand are predicted and mitigated. Smart grid vendors must focus on enhancing their models to more accurately predict usage patterns to maximise these benefits.”
Reducing Emissions Drives the Market
The research predicts smart grid deployments will result in an almost 700 million MMT (Million Metrics Tons) reduction in CO2e (Carbon Dioxide Equivalent) emissions globally in 2027; falling from 214 million in 2022. The report anticipates this will be central to meeting stringent climate change goals, alongside updating generation capabilities to feature more renewable sources, including wind and solar. The research recommends smart grid vendors must develop data ingestion engines that can analyse and interpret structured and unstructured data from disparate sources, including smart meters, network data and weather forecasts, to maximise emission reductions.
View the Smart Grid market research: https://www.juniperresearch.com/researchstore/key-vertical-markets/smart-grid-research-report
Download the whitepaper: https://www.juniperresearch.com/whitepapers/combatting-the-energy-crisis-with-smart-grids
Juniper Research provides research and analytical services to the global hi-tech communications sector; providing consultancy, analyst reports, and industry commentary.
Sam Smith, Press Relations
T: +44(0)1256 830002
E: This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "Portable Electric Vehicle Charger Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Product Type (AC Charger, DC Charger), By Vehicle Type (Two-Wheeler, Passenger Car, Commercial Vehicle) and By Region" report has been added to ResearchAndMarkets.com's offering.
The global portable electric vehicle charger market is projected to grow at a steady CAGR in the forecast period, 2023-2027. The market growth can be attributed to the rising penetration of electric vehicles and wide availability of different types of portable EV chargers. Portable chargers facilitate charging of batteries in electric vehicles or hybrid electric vehicles. Emergence of high voltage portable EV chargers that offer fast-charging speed have led to their greater adoption in recent years.
Besides, rising demand for zero emission vehicles and subsidies provided by the government to promote the adoption of alternate fuel vehicles in order to reduce carbon emission rates are propelling the growth of the global portable electric vehicle charger market. In addition, technological developments and innovations in electric chargers are leading to the market growth. Additionally, limited EV vehicle charging infrastructure and lack of standardization of EV charging has led to the growing adoption of portable EV chargers. Recent surge of EV investments by the transport sector on developing wireless, bi-directional, and fast chargers is also expected to fuel the market growth.
Increased Electric Vehicle Penetration to Fuel EV Portable Charger Adoption
Higher dependence of biofuels has resulted in an increase in air pollution, which has led to a high prevalence of various respiratory and other diseases. Growing environmental awareness and increasing number of initiatives by the government are fueling the adoption of electric vehicles across the globe, which in turn, is expected to boost the EV portable charger market. In addition, electric vehicles are economical and not vulnerable to fluctuating gasoline prices. There has been a rise in the number of companies offering portable EV chargers, which has enhanced accessibility for the consumers and provided them a variety of options to choose from.
Enhanced Need for Convenience to Boost Market Growth
Despite the rapid electric vehicle adoption, many countries still lack the required electric vehicle infrastructure, which remains a major concern for EV drivers. Lack of EV charging stations lead to range anxiety among drivers as adding energy to an electric car would require visiting them a charging station before they reach their desired destination.
Hence, many people are starting to invest in portable EV chargers to ensure that the vehicle is in maximum charge state as much as possible. Many car and breakdown organizations are beginning to equip their service vehicles with portable electric vehicle chargers to supply power on the side of the road, allowing stranded drivers to power up their vehicles. With the growing adoption of electric vehicles, many garages and dealers are adding portable electric vehicle chargers as an important part of on-board fleet equipment, which is likely to boost the growth of the global portable electric vehicle portable chargers in the coming years.
Market Segmentation
Portable Electric Vehicle Charger Market, By Product Type:
Portable Electric Vehicle Charger Market, By Vehicle Type:
Portable Electric Vehicle Charger Market, By Region:
Key Topics Covered:
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Working Mechanism of Portable EV Charger
5. Impact of COVID-19 on Global Portable Electric Vehicle Charger Market
6. Voice of Customer
7. Global Portable Electric Vehicle Charger Market Outlook
8. North America Portable Electric Vehicle Charger Market Outlook
9. Asia Pacific Portable Electric Vehicle Charger Market Outlook
10. Europe & CIS Portable Electric Vehicle Charger Market Outlook
11. Market Dynamics
12. Market Trends and Developments
13. Competitive Landscape
14. Strategic Recommendations
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/9ibuqb
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
Global E&C provider Black & Veatch called upon for technical insights
LONDON--(BUSINESS WIRE)--Black & Veatch has been awarded a lead role in the development of an initial 2GW of solar and battery storage by UK-based developer Amberside Energy. Black & Veatch will deliver technical advisory and support services for Amberside’s Solar & Storage Portfolio Framework Agreement.
The framework covers standalone solar PV, standalone battery, and co-located solar PV and battery sites across Great Britain. As well as planning and design of solar and battery storage systems Black & Veatch will plan and design the electricity distribution and transmission assets; in addition to managing interfaces with National Grid and distribution network operators.
“These projects add vital energy to the grid in challenging times. As both a developer and asset optimiser, Amberside Energy’s innovative and forward-thinking approach to this major solar and storage portfolio comes at a pivotal time,” commented Robbie Gibson, Associate Vice President & UK Director, Black & Veatch.
Black & Veatch’s role also encompasses creating independent energy production estimates for each site, with projects expected to range in capacity from 20MW to 100MW.
Marc Scambler, CEO of Amberside Energy, stated, “We chose Black & Veatch because of their global experience, diligent approach and alignment with our drive for engineering excellence in everything we do. This portfolio is part of our suite of plans, all chosen to support the UK in achieving its decarbonisation targets.”
Black & Veatch has been involved in more than 49,000 megawatts of solar projects across the globe and has more than 16 gigawatt/hour of battery energy storage systems project experience. To provide Amberside with strength in depth the company will be drawing upon not just UK power professionals, but expertise from across its global power business.
About Black & Veatch
Black & Veatch is a 100-percent employee-owned global engineering, procurement, consulting and construction company with a more than 100-year track record of innovation in sustainable infrastructure. Since 1915, we have helped our clients improve the lives of people around the world by addressing the resilience and reliability of our most important infrastructure assets. Our revenues in 2021 exceeded US$3.3 billion. Follow us on www.bv.com and on social media.
About Amberside Energy
Amberside Energy is a privately owned developer and asset optimiser delivering technically led services to investors in energy and infrastructure. With a track record of originating utility-scale solar projects and a current asset management portfolio in excess of 2,000 systems, Amberside is fast becoming a go-to consultancy for investors in the large-scale energy industry.
Black & Veatch
MALCOLM HALLSWORTH | +44 1483 319287 p | +44 7920 701764 m | This email address is being protected from spambots. You need JavaScript enabled to view it.
24-HOUR MEDIA HOTLINE | +1 866 496 914
Amberside Energy
ANTHONY MIDDLETON | +44 330 2210 626 | This email address is being protected from spambots. You need JavaScript enabled to view it.
Company acquires solar easements in two states
PLANO, Texas--(BUSINESS WIRE)--Activate Renewables, a leading acquirer of real estate and royalty interests in wind, solar and energy storage, is pleased to announce it recently closed on the purchase of a renewable energy real estate portfolio owned by Alchemy Renewable Energy.
The portfolio consists of the real estate related to five solar projects located across North Carolina and Texas. Terms of the deal were not disclosed.
“We are pleased to support Alchemy’s business goals with this initial transaction,” said Maria Klutey, president of Activate Renewables. “We look forward to a continued relationship, whereby Alchemy can enhance its capital efficiency by selling real estate interests to Activate.”
Activate works with developers to purchase land, leases or purchase options associated with high quality renewable projects. Activate is funded by D.E. Shaw Renewable Investments (DESRI), with permanent capital that is lower in cost than equity and comes without the restrictions of debt.
“By separating the cost of the land, Activate was able to assist us with improving both our returns and tax efficiency on this project,” said Lacie Clark, chief executive officer of Alchemy Renewable Energy. “We look forward to working with Maria and her team in the future to help us optimize our economics by financing the real estate separately from the project itself.”
Activate’s industry-leading purchase process supports the goals of developers, while providing excellent customer service to individual landowners involved in large-scale solar and wind projects. To date, Activate and its affiliates have acquired or signed agreements to fund acquisitions totaling more than 8,800 solar acres and 62 wind turbines directly supporting more than 2.8 gigawatts of existing or planned renewable power generation across 20 states.
About Activate Renewables
Activate Renewables is committed to powering new economy investments through the acquisition of real estate and royalty interests associated with high-quality wind, solar and energy storage facilities located across the United States. For more information, please visit www.activate-renewables.com.
About Alchemy Renewable Energy
Alchemy Renewable Energy is an industry leader in renewable energy projects as well as comprehensive long-term debt and tax equity financing. The firm utilizes a credentialed team, a strong network of joint ventures, and parent company Monarch Private Capital to support premium mid-size utility-scale renewable energy projects, including solar and biomass power generation. The Company leverages Monarch Private Capital’s tax equity placement services as the final element of its projects’ capital structure. In addition, Alchemy reduces overall project costs and produce higher overall investor returns by eliminating the need to source third-party development and financing support.
Louisa Garrett; (254) 681-1908; This email address is being protected from spambots. You need JavaScript enabled to view it.
LAS VEGAS--(BUSINESS WIRE)--$ALZN #AGREE--BitNile Holdings, Inc. (NYSE American: NILE), a diversified holding company (“BitNile” or the “Company”), today announced that the Company is considering undertaking an exchange offer (the “Offer”) whereby it would offer debt in the form of notes in exchange for between $50 and $75 million of common stock. If the Company proceeds with the Offer, the Company presently intends to commence the Offer in early 2023 and its terms will be contained in an Offer to Exchange. If the Offer proceeds, the Company intends to apply to list the notes on the NYSE American Exchange. Until such time as the notes are listed on the NYSE American, trading in the notes will occur on the OTC.
The Offer will not be made to any person in any jurisdiction in which either the Offer, or solicitation or sale thereof, is unlawful. Any Offer will be made only by means of the Offer to Exchange. It is anticipated that the Offer will be made pursuant to the exemption from registration requirements of the Securities Act of 1933, as amended, contained in Section 3(a)(9) thereof. Under that exemption, if Common Stock exchanged is freely tradeable, the notes received in exchange therefor will be freely tradeable. If the Common Stock is restricted, the notes will be restricted to the same degree.
The complete terms and conditions of the Offer will be set forth in the Offer to Exchange and related letter of transmittal that will be furnished to holders of Common Stock upon the commencement of the Offer and also filed with the Securities and Exchange Commission on Schedule TO. Prior to making any decision to exchange their shares of Common Stock, stockholders of the Company are strongly encouraged to read the Schedule TO and related exhibits because they will contain important information about the Offer. The Schedule TO and related exhibits will be available without charge at the Securities and Exchange Commission's website at http://www.sec.gov and will be delivered without charge to all stockholders of the Company who so request it.
This press release is for informational purposes only and shall not constitute an offer to sell or exchange nor the solicitation of an offer to acquire the Common Stock or any other securities. Commencement of the proposed Offer is subject to, among other things, completion of all regulatory filings and certain regulatory approvals. Any solicitation of offers to exchange Common Stock for the notes will only be made pursuant to an Offer to Exchange and related materials to be sent by the Company to its stockholders on the commencement of the proposed exchange offer.
For more information on BitNile and its subsidiaries, BitNile recommends that stockholders, investors, and any other interested parties read BitNile’s public filings and press releases available under the Investor Relations section at www.BitNile.com or available at www.sec.gov.
About BitNile Holdings, Inc.
BitNile Holdings, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, BitNile owns and operates a data center at which it mines Bitcoin and provides mission-critical products that support a diverse range of industries, including oil exploration, defense/aerospace, industrial, automotive, medical/biopharma, consumer electronics, hotel operations and textiles. In addition, BitNile extends credit to select entrepreneurial businesses through a licensed lending subsidiary. BitNile’s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.BitNile.com.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” “considering” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.
Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8- K. All filings are available at www.sec.gov and on the Company’s website at www.BitNile.com.
BitNile Holdings Investor Contact:
This email address is being protected from spambots. You need JavaScript enabled to view it.or 1-888-753-2235
Offshore Source keeps you updated with relevant information concerning the Offshore Energy Sector.
Any views or opinions represented on this website belong solely to the author and do not represent those of the people, institutions or organizations that Offshore Source or collaborators may or may not have been associated with in a professional or personal capacity, unless explicitly stated.