DUBLIN--(BUSINESS WIRE)--The "U.A.E. Diesel Generator Set Market Size and Share Analysis by Power Rating (15-75 kVA, 76-375 kVA, 376-750 kVA, 751-1,000 kVA, Above 1,000 kVA), Application (Commercial, Industrial, Residential) - Industry Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.

From $143.6 million in 2021, the U.A.E. diesel generator set market is likely to observe a compound annual growth rate of 4.0% throughout 2021-2030 and reach $204.5 million, according to this market research report. The considerable advance is credited to the increasing requirement for backup and prime sources of power, chiefly in residential spaces, retail outlets, hotels, hospitals, and other commercial spaces. The industry is also driven by the high demand for diesel gensets with medium and high power ratings from the mining, construction, energy & power, manufacturing, and oil & gas sectors.

The 376-750 kVA category had the largest share, of more than 40%, of the U.A.E. diesel generator set market in 2021. This is credited to the increasing installation of these gensets in shops, healthcare centers, hospitality units, and industrial facilities as a backup electricity source.

The largest revenue share, of 40%, in the U.A.E. diesel generator set market, was held by the industrial category in 2021, and it is likely to showcase significant growth in the years to come. The booming industrial development across the nation, driven by government efforts to lessen their reliance on oil & gas, is driving the sales of diesel generator sets.

The U.A.E. is also observing a growing usage of data centers by hyperscale cloud providers and businesses across other sectors looking to exploit the national and global data consumption. The government has also driven the need for cloud-based facilities in the nation. Additionally, with the quick development of technologies such as IoT, big data, edge computing, and 5G connectivity, extra space for data has become essential in the U.A.E.

The requirement for fuel-efficient DG sets is rising among construction businesses, oil & gas firms, and other enterprises in the nation. To content the surging need, U.A.E. diesel generator set market players are introducing innovative products, entering into partnerships, and allotting resources and funds to establish or develop their supply chains.

The U.A.E. has hosted numerous international events in the recent past, for example, the Abu Dhabi International Book Fair, which brought together more than 1,000 exhibitors from 50 nations; it was organized in 2022. Furthermore, in 2019, the AFC Asian Cup was held, witnessing the participation of 24 teams. Likewise, the Special Olympics World Games were held in Abu Dhabi and attended by around 7,500 athletes. Further, Expo 2020, which was one of the biggest recent events in Dubai, was held in 2021.

Market Dynamics

Trends

• Launch of advanced diesel gensets

Drivers

• Increasing number of data centers
• Rising number of infrastructure projects
• Surging population and rapid urbanization
• Impact Analysis of Drivers on Market Forecast

Restraints

• Adoption of alternative, clean-energy power sources

Company Profiles

• Cummins Inc.
• Kohler Co.
• Kubota Corporation
• Atlas Copco AB
• Mitsubishi Heavy Industries Ltd.
• Generac Holdings Inc.
• Rolls-Royce plc
• Caterpillar Inc.
• Doosan Enerbility Co. Ltd.
• Wacker Neuson Group
• Aksa Power Generation FZE
• Jubaili Bros

For more information about this report visit https://www.researchandmarkets.com/r/68s2d7

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LYNCHBURG, Va.--(BUSINESS WIRE)--$BWXT #conferences--BWX Technologies, Inc. (NYSE: BWXT) announced today that management will be participating and presenting at three upcoming investor conferences before the end of the year.

Nov. 9
Baird 2022 Global Industrial Conference – Chicago
Management attending: Rex Geveden, president and chief executive officer; Robb LeMasters, senior vice president and chief financial officer; Joseph Miller, president BWXT Advanced Technologies, Cunico and Dynamic Controls; Mark Kratz, vice president of investor relations.

Dec. 1
Credit Suisse 10^th Annual Global Industrial Conference – Manalapan, Florida
Management attending: Rex Geveden, president and chief executive officer; Mark Kratz, vice president of investor relations.

Dec. 6
4^th Annual Truist Securities Industrials and Services Summit – New York City
Management attending: Robb LeMasters, senior vice president and chief financial officer; Mark Kratz, vice president of investor relations.

More information about BWXT can be found in the Investor Relations section of its website here.

About BWXT

At BWX Technologies, Inc. (NYSE: BWXT), we are People Strong, Innovation Driven. Headquartered in Lynchburg, Virginia, BWXT is a Fortune 1000 and Defense News Top 100 manufacturing and engineering innovator that provides safe and effective nuclear solutions for global security, clean energy, environmental remediation, nuclear medicine and space exploration. With approximately 6,700 employees, BWXT has 14 major operating sites in the U.S., Canada and the U.K. In addition, BWXT joint ventures provide management and operations at more than a dozen U.S. Department of Energy and NASA facilities. Follow us on Twitter at @BWXT and learn more at www.bwxt.com.

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ATHENS, Greece--(BUSINESS WIRE)--Danaos Corporation (NYSE: DAC), one of the world’s largest independent owners of containerships, announced today that it will release its results for the third quarter ended September 30, 2022, after the close of the market in New York on Monday, November 7, 2022.

The Company’s management team will host a conference call to discuss the results on Tuesday, November 8, 2022 at 9:00 A.M. ET.

Conference Call Details:

Participants should dial into the call 10 minutes before the scheduled time using the following numbers:

U.S. Toll Free Dial-in: 1 844 802 2437
U.K. Toll Free Dial-in: 0 800 279 9489
Standard International Dial-in: +44 (0) 2075 441 375

Please indicate to the operator that you wish to join the Danaos Corporation earnings call.

A telephonic replay of the conference call will be available until November 15, 2022 by dialing 1 877 344 7529 (US Toll Free Dial In) or 1-412-317-0088 (Standard International Dial In) and using 3987980# as your access code.

Audio Webcast:

A live audio webcast of the conference call will be available through the Danaos Corporation website (www.danaos.com). Participants of the live audio webcast should register on the website approximately 10 minutes prior to the start of the webcast. An archived version of the audio webcast will be available on the website within 48 hours of the completion of the call.

About Danaos Corporation

Danaos Corporation is one of the largest independent owners of modern, large-size containerships. Our current fleet of 71 containerships aggregating 436,589 TEUs and 6 under construction containerships aggregating 46,200 TEUs ranks Danaos among the largest containership charter owners in the world based on total TEU capacity. Our fleet is chartered to many of the world's largest liner companies on fixed-rate charters. Our long track record of success is predicated on our efficient and rigorous operational standards and environmental controls. Danaos Corporation's shares trade on the New York Stock Exchange under the symbol "DAC".

Visit our website at www.danaos.com

Evangelos Chatzis
Chief Financial Officer
Danaos Corporation
Athens, Greece
Tel: +30 210 419 6480
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Iraklis Prokopakis
Senior Vice President & Chief Operating Officer
Danaos Corporation
Athens, Greece
Tel. +30 210 419 6400
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Perch continues expanding leadership depth with the addition of industry veteran Ali Abbasi as Chief Strategy and Analytics Officer.

BOSTON--(BUSINESS WIRE)--Perch Energy (or “Perch”), a clean energy tech services platform and leading provider of community solar services, today announced the appointment of Ali Abbasi as Chief Strategy and Analytics Officer. With a background managing portfolios for major retail energy companies, Abbasi will focus on Perch Energy’s portfolio acquisition, marketing, engagement, and retention vision and strategy to drive customer growth, awareness, and demand for Perch Energy’s products. Abbasi will also be leading further development of the data analytics and insights capabilities for the company. Abbasi is Perch’s fourth new executive appointment in 2022, following the appointments of Bruce Stewart as CEO, Sencelia Reynolds as COO, and Georgina Arreola as VP of Policy.

Abbasi joins Perch with fifteen years of experience in retail energy portfolio management, customer growth, product innovation, retention, pricing and margin management strategy. Most recently, he was responsible for NRG’s Direct Energy Home power and gas portfolio, one of the largest retail energy portfolios in North America (U.S. and Canada) serving nearly three million customers. He also led the successful integration of the Direct Energy Home business into NRG post-acquisition in 2021.

"Community solar is one of the fastest-evolving industries in the renewable energy space and Perch is a recognized leader with its proven, clean energy tech services platform," said Abbasi. "Strategic management backed by advanced data, analytics and insights is required in this rapidly growing vertical and I'm excited to apply my experience in this new role to further build upon the industry-leading clean energy solutions provided by Perch."

“Ali has proven success in a variety of commercial and business leadership roles, delivering consistent results in portfolio growth and innovation, employee development and operations excellence”, said Bruce Stewart, CEO of Perch Energy. “I had the privilege to work alongside Ali at Direct Energy and am excited that he will bring his skills, passion, innovation and leadership capabilities to the Perch team.”

Perch Energy announced its launch as an independent company earlier this year after spinning off from BlueWave Solar and is focused on accelerating access to community solar and renewable energy. To date, Perch has enabled more than 17,000 community solar subscriptions for homes, businesses, and municipalities, providing more than $13 million in customer savings. As the Inflation Reduction Act provides tailwinds to this already booming industry, Perch will continue to expand its business and add talent to build upon its industry-leading community solar services and subscription platform.

About Perch Energy

Perch Energy is a Boston-based clean energy tech and services company that offers a diverse set of products and services for homeowners, renters, businesses, and solar farm owners. From Perch’s community solar project support team, which is dedicated to effective customer onboarding, billing, and engagement, to its automated platform which makes it easy for customers to customize their energy mix and savings — Perch is on a mission to make clean energy options more accessible, more affordable and more equitable for all. Learn more at www.perchenergy.com and follow Perch Energy on Linkedin: http://linkedin.com/company/perchenergy.

Media:
Kenneth Gayles
Antenna Group for Perch Energy
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HOUSTON--(BUSINESS WIRE)--$TELL #LNG--Tellurian Inc. (Tellurian or the Company) (NYSE American: TELL) ended the third quarter with a 25% increase in net natural gas production and a 32% increase in natural gas sales, as compared to the second quarter of 2022.

President and CEO Octávio Simões said, “Tellurian continues to increase our domestic natural gas production by adding to our footprint, having now a total of 22,420 net acres, interests in 131 producing wells located in the Haynesville Shale, and more than 300 drillable locations*. In addition, Bechtel is continuing construction on the Driftwood terminal, and Tellurian is fully engaged in our efforts to secure strategic equity partners. The underlying market fundamentals strongly support our strategy of seeking the differential value between domestic and international natural gas prices for our shareholders.”

Upstream segment results

Consolidated financial results

Tellurian reported a net loss of approximately $14.2 million, or $0.03 per share (basic and diluted), for the three months ended September 30, 2022, compared to a net loss of $15.9 million, or $0.04 per share (basic and diluted), in the third quarter of 2021.

Tellurian ended the third quarter of 2022 with approximately $1.4 billion in total assets, including approximately $607.5 million of cash and cash equivalents.

About Tellurian Inc.

Tellurian intends to create value for shareholders by building a low-cost, global natural gas business, profitably delivering natural gas to customers worldwide. Tellurian is developing a portfolio of natural gas production, LNG marketing and trading, and infrastructure that includes an ~ 27.6 mtpa LNG export facility and an associated pipeline. Tellurian is based in Houston, Texas, and its common stock is listed on the NYSE American under the symbol “TELL”.

For more information, please visit www.tellurianinc.com. Follow us on Twitter at twitter.com/TellurianLNG

Tellurian will post a video by Executive Chairman Charif Souki on its website at www.tellurianinc.com/news-and-presentations at 10 am Central on November 2, 2022.

CAUTIONARY INFORMATION ABOUT FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements within the meaning of U.S. federal securities laws. The words “anticipate,” “assume,” “believe,” “budget,” “estimate,” “expect,” “forecast,” “initial,” “intend,” “may,” “plan,” “potential,” “project,” “proposed,” “should,” “will,” “would,” and similar expressions are intended to identify forward-looking statements. Forward-looking statements herein relate to, among other things, the capacity, timing, and other aspects of the Driftwood LNG project, drilling locations, the benefits of Tellurian’s business model, and construction and financing activities. These statements involve a number of known and unknown risks, which may cause actual results to differ materially from expectations expressed or implied in the forward-looking statements. These risks include the matters discussed in Item 1A of Part I of the Annual Report on Form 10-K of Tellurian for the fiscal year ended December 31, 2021, filed by Tellurian with the Securities and Exchange Commission (the SEC) on February 23, 2022, and other Tellurian filings with the SEC, all of which are incorporated by reference herein. The forward-looking statements in this press release speak as of the date of this release. Although Tellurian may from time to time voluntarily update its prior forward-looking statements, it disclaims any commitment to do so except as required by securities laws.

Explanation and Reconciliation of Non-GAAP Financial Measures

The Company reports its financial results in accordance with accounting principles generally accepted in the United States of America (“GAAP”). However, management believes that upstream segment Adjusted EBITDA may provide financial statement users with additional meaningful comparisons between current results, the results of the Company’s peers and of prior periods.

Upstream segment Adjusted EBITDA excludes certain charges or expenditures. Upstream segment Adjusted EBITDA is a supplemental measure of performance and should not be viewed as a substitute for any GAAP measure.

Management presents Upstream segment Adjusted EBITDA because (i) it is consistent with the manner in which the Company’s position and performance are measured relative to the position and performance of its peers and (ii) it is more comparable to earnings estimates provided by securities analysts.

Media:
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By leveraging real-time motion data from the vehicle combined with dynamic content, the Pioneers’ Pack turns cars into mobile theme parks

MUNICH--(BUSINESS WIRE)--holoride, pioneer of extended reality in-vehicle entertainment, today announced the release of its game-changing platform in Germany. Coming to select Audi vehicles* in mid-November, the add-on package combines a high-end VR space with a moving car to create an experience that is like nothing before. Passengers will be whisked off into a variety of games and apps that all use live ride info to bring content to life in a completely new media paradigm, dubbed “Elastic Content.”

Combining the immersive qualities of virtual reality with real-time vehicle data, holoride is an always-in-motion virtual space, or Motorverse, where riders can enjoy interactive and passive content that reacts to both them and the motion of the car.

“Despite amazing advances in automotive technology over the last few decades, passenger experience and in-car entertainment has remained largely the same,” said Nils Wollny, CEO and co-founder at holoride. “With the introduction of holoride, we are not only elevating that stale experience; we are redefining how you spend your time on the go. I couldn’t be more excited for riders to finally enjoy the thrills of the Motorverse for themselves.”

The integration of holoride into Audi select series vehicles is a continuation of holoride’s shared history with the German premium auto manufacturer. Since 2019, both Audi and holoride have showcased their ongoing partnership on different occasions, including CES 2019, IAA Mobility 2021, and SXSW 2022, where holoride’s vehicle integration with Audi was officially announced.

“By integrating holoride in our models, we're redefining in-car entertainment,” said Giorgio Delucchi, Head of Digital Experience/Business at Audi. “Through combining real-time vehicle data and virtual content, we're creating an entirely new customer experience. A crucial cornerstone of the vehicle's digitalization is developing the interior into a third living space. In this very personal space, living and working coalesce. holoride is another proof point in our roadmap.”

At launch, holoride users will be able to dive into Cloudbreakers: Leaving Haven from Schell Games, the studio that brought Among Us to VR. It was produced in partnership with Superconductor, the creative agency founded by Hollywood talents Justin Lin (Fast & Furious franchise) and Anthony and Joe Russo (Marvel Cinematic Universe and Netflix’s The Gray Man). The Russo Brothers also served as creative advisors to holoride.

Working under the banner of Force Multiplier Studios, writers Brent Friedman and Jeremy Breslau wrote and developed Cloudbreakers’ unique story and universe. Leveraging holoride’s Elastic Content, the Hollywood veterans crafted a journey in which players guide Dev, his scavenger robot Skyjack, and I.O.N.E. through the hostile skies of Stratus, gathering scrap and blasting A.I. sentries as they simultaneously travel to their real-world destination.

In addition to bringing new thrills to passengers’ rides, holoride can also create a more comfortable experience for users. Instances of motion sickness are substantially reduced thanks to the technology’s use of steering, braking, and acceleration data to match what riders see in the headset with what they feel outside the Motorverse, and with almost no latency.

holoride launches with the aptly named Pioneers’ Pack, containing everything needed to jump into this exciting new platform (minus the car), and priced at EUR 699. The package is available in Germany at shop.holoride.com starting Nov 2, 2022.

The Pioneers’ Pack includes:

• HTC VIVE Flow: lightweight and easy to wear VR glasses that supports holoride’s entertainment service
• 8BitDo Pro 2 Gamepad: offers a familiar user experience in a classic controller design
• Safety strap: connected to the seatbelt, the strap provides safety during unexpected events while driving
• A one-year subscription to the holoride platform

After the first year, holoride subscriptions will be available for a monthly (EUR 19.99/month) or yearly fee (equalling EUR 14.99 per month). Both unlock access to an ever-growing content catalog. Cloudbreakers: Leaving Haven leads a launch lineup of games and edutainment apps that will grow over time with regular updates. Additionally, the holoride browser and a powerful phone mirroring feature bring your online life to a 180-inch virtual screen. Embedded into a motion-synced environment, it allows riders to stream their favorite shows and stay connected via their social apps.

In order to enjoy the holoride experience, passengers will need the Pioneers’ Pack and a holoride-ready Audi vehicle (e.g., Audi A4, A5, A6, A7, A8, Q5, Q7, Q7, Q8, Audi e-tron, Audi e-tron Sportback, Audi e-tron GT*). Starting with Germany, holoride will be adding further markets beginning with the U.S. in early 2023 followed by more European and Asian markets in the course of the year.

____

*Requirements to use holoride in Audi vehicles: MIB 3 with the latest Software Cluster (starting with model year 2023) and the option “Audi connect Navigation & Infotainment”. Moreover, the EFP control unit must be in place and the option ‘Remote Park Assist Plus’ must not be selected.

About holoride 
holoride leads the way in expanding the boundaries of in-vehicle entertainment with its innovative “Elastic Content.” Founded in 2018 by Nils Wollny, Marcus Kuehne, Daniel Profendiner and Audi, holoride connects Extended Reality (XR) content in real-time with motion and location-aware vehicle data, such as physical feedback and navigation, to create hyper-immersive XR content and experiences for passengers.

With holoride, the Metaverse becomes the Motorverse as users take the power and potential of an immersive web3 experience with them on the road. At the center of it all is RIDE, holoride’s own cryptocurrency, which was conceived to supercharge the content ecosystem, drive engagement, and create value for all users. The RIDE token connects car manufacturers, content creators, brands, and passengers for a novel in-vehicle economy.

In March 2021, holoride won SXSW Pitch in the “Gaming, Entertainment, and Content” category and went on to receive the competition’s prestigious “Best in Show” award. The company was also named “Best of CES 2019” by TechCrunch, CNET and Tom’s Guide, and was recognized as one of the "100 Best Inventions of 2019" by TIME Magazine as well as one of the “100 Most Consumer-Centric Companies of 2022” by Forbes.

For more information, please visit https://www.holoride.com/.

Follow holoride on LinkedIn and Twitter.

Find the launch press kit here.

Media Contact

BerlinRosen
Adam Rosenberg (he/him)
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• Reports Q3 Revenue Growth of 43% to $1.36 Billion, Driven by Strong Demand for Services and Addition of HydroChemPSC
• Delivers Q3 Net Income of $135.8 Million, EPS of $2.50 and Adjusted EPS of $2.43
• Achieves Q3 Adjusted EBITDA Growth of 67% to $308.6 Million
• Revises 2022 Adjusted EBITDA and Adjusted Free Cash Flow Guidance
• Announces CEO Succession Plan in Separate News Release Today 

NORWELL, Mass.--(BUSINESS WIRE)--Clean Harbors, Inc. (“Clean Harbors”) (NYSE: CLH), the leading provider of environmental and industrial services throughout North America, today announced financial results for the third quarter ended September 30, 2022.

“In the third quarter, favorable market dynamics combined with the quality of our offerings drove continued broad-based demand for our comprehensive suite of environmental services and sustainable products,” said Alan S. McKim, Chairman, President and Chief Executive Officer. “We extended our strong 2022 performance with a revenue increase of 43%, growth in Adjusted EBITDA of 67% and a corresponding improvement in Adjusted EBITDA margins of 310 basis points to 22.6%. Our positive results were driven by profitable growth contributions from both of our operating segments. Most importantly, our safety performance in the quarter and year to date was the best in our history with a Total Recordable Incident Rate (TRIR) of just 0.74 through nine months – far below our annual goal of less than 1.0.”

Third-Quarter Results

Revenues increased 43% to $1.36 billion from $951.5 million in the same period of 2021. Income from operations nearly doubled to $209.1 million from $104.8 million in the third quarter of 2021.

Net income was $135.8 million, or $2.50 per diluted share. This compared with net income of $65.4 million, or $1.20 per diluted share, for the same period in 2021. Adjusted for certain items in both periods, adjusted net income was $132.4 million, or $2.43 per diluted share, for the third quarter of 2022, compared with adjusted net income of $62.2 million, or $1.14 per diluted share, for the same period of 2021. (See reconciliation tables below).

Adjusted EBITDA (see description below) increased 67% to $308.6 million from $185.1 million in the same period of 2021.

Q3 2022 Segment Review

“Environmental Services (ES) revenues increased 46% year-over-year, and Adjusted EBITDA in the segment rose 57%. Our profitable growth was driven by the October 2021 acquisition of HydroChemPSC (HPC), robust volumes of high-value waste streams, pricing initiatives to combat inflation and strong utilization of people and equipment across all our service businesses,” McKim said. “Utilization of our incinerator network was a healthy 86% in the quarter, up from 82% a year ago. Average incineration pricing rose 10% from a year ago, reflecting price increases and the impact of higher-value waste streams. Landfill volumes increased 38% as we continued to capture more remediation and waste projects. On the strength of sizeable summer activity, our Industrial Services business performed well in the quarter. Safety-Kleen Environmental revenue grew 23% as its core service offerings remained in demand, particularly in the automotive service vertical. Field Services delivered a 29% increase in revenue through the addition of HPC’s utilities business and a variety of local emergency response projects throughout our network. In addition to higher revenue, ES also benefitted from cost-control initiatives and operational efficiencies, resulting in segment EBITDA margin improving 170 basis points from a year ago.

“Safety-Kleen Sustainability Solutions (SKSS) delivered record quarterly results as revenues grew 34% in the third quarter, and Adjusted EBITDA climbed 46% from a year ago,” McKim said. “Demand for our base oil was high in Q3 and our network of re-refineries ran well, including the new Georgia plant we acquired in June. We also achieved growth across all of our recycling services offered in this segment including oil filter collection and antifreeze recycling. Waste oil collections remained strong at 62 million gallons. Since its formation less than two years ago, our SKSS team has proven adept at actively managing the front end of our re-refining spread to maximize profitability. The SKSS segment achieved its record performance in the quarter despite the fact that our blended volumes were severely limited by supply chain disruptions resulting from an industrywide additive shortage. The additive industry is beginning to recover, and we expect our blended volumes to increase in 2023 as that remains part of our long-term growth strategy for this segment.”

Business Outlook and Financial Guidance

“Looking ahead, we expect to close out 2022 with a strong fourth-quarter performance,” McKim said. “Within Environmental Services, we continue to see a record backlog of waste and healthy demand for our network of disposal and recycling assets. We anticipate a solid finish to the year through a combination of base business and project work. Our service businesses are all entering the final quarter of the year with good momentum. We are continuing to hire as rapidly as possible across our Environmental Services segment to facilitate additional growth while also reducing our third-party spend.

“Within SKSS, the record results we are achieving this year demonstrate how well we are managing both ends of our re-refining spread,” McKim said. “We are seeing growing interest in our sustainable products, including our recently launched KLEEN+ brand, as customers seek ESG friendly solutions. We are confident that the inherent value of our base oil will increase in the years ahead. On the front end of our re-refining spread, we are continuing to collect the volumes needed for our plants at better rates due to the long-term market impact of IMO 2020, the internal changes we made to the organization, and continuous improvements in our systems and transportation.

“Given our year-to-date performance, we are raising our annual Adjusted EBITDA guidance to more than $1 billion, which reflects the acceleration of demand for our environmentally focused services and products. Our revenue is growing more rapidly than we had expected, which is driving higher than anticipated working capital needs. In addition, we are carrying a higher level of critical inventories to ensure we stay ahead of global supply chain shortages. Therefore, we are reducing our adjusted free cash flow guidance to reflect the timing of working capital from those two factors. With the ongoing backdrop of high inflation and interest rate hikes, we are continuing to execute on our strategies for pricing, cost mitigation and operational efficiencies to drive further margin improvement. We anticipate leveraging the strengths of both operating segments to achieve record top- and bottom-line results in 2022,” McKim concluded.

Based on its year-to-date performance and current market conditions, Clean Harbors is revising its 2022 Adjusted EBITDA and adjusted free cash flow guidance. For the year, the Company now expects:

• Adjusted EBITDA in the range of $1.010 billion to $1.030 billion, or a midpoint of $1.020 billion. This range is based on anticipated GAAP net income in the range of $387 million to $410 million; and
• Adjusted free cash flow in the range of $260 million to $290 million, or a midpoint of $275 million. This range is based on anticipated net cash from operating activities in the range of $585 million to $635 million.

Non-GAAP Results

Clean Harbors reports Adjusted EBITDA, which is a non-GAAP financial measure and should not be considered as an alternative to net income or other measurements under generally accepted accounting principles (GAAP), but viewed only as a supplement to those measurements. Adjusted EBITDA is not calculated identically by all companies, and therefore the Company’s measurement of Adjusted EBITDA may not be comparable to similarly titled measures reported by other companies. Clean Harbors believes that Adjusted EBITDA provides additional useful information to investors since the Company’s loan covenants are based upon levels of Adjusted EBITDA achieved and management routinely evaluates the performance of its businesses based upon levels of Adjusted EBITDA. The Company defines Adjusted EBITDA in accordance with its existing revolving credit agreement, as described in the following reconciliation showing the differences between reported net income and Adjusted EBITDA for the three and nine months ended September 30, 2022 and 2021 (in thousands, except percentages):

This press release includes a discussion of net income and earnings per share adjusted for the impacts of tax-related valuation allowances and other items as identified in the reconciliations provided below. The Company believes that discussion of these additional non-GAAP measures provides investors with meaningful comparisons of current results to prior periods’ results by excluding items that the Company does not believe reflect its fundamental business performance. The following shows the difference between net income and adjusted net income, and the difference between earnings per share and adjusted earnings per share, for the three and nine months ended September 30, 2022 and 2021 (in thousands, except per share amounts):

Adjusted Free Cash Flow Reconciliation

Clean Harbors reports adjusted free cash flow, which it considers to be a measurement of liquidity that provides useful information to investors about its ability to generate cash. The Company defines adjusted free cash flow as net cash from operating activities excluding cash impacts of items derived from non-operating activities, less additions to property, plant and equipment plus proceeds from sale and disposal of fixed assets. The Company excludes cash impacts of items derived from non-operating activities such as taxes paid in connection with divestitures. Adjusted free cash flow should not be considered an alternative to net cash from operating activities or other measurements under GAAP. Adjusted free cash flow is not calculated identically by all companies, and therefore the Company’s measurement of adjusted free cash flow may not be comparable to similarly titled measures reported by other companies.

An itemized reconciliation between net cash from operating activities and adjusted free cash flow is as follows for the three and nine months ended September 30, 2022 and 2021 (in thousands):

Adjusted EBITDA Guidance Reconciliation

An itemized reconciliation between projected GAAP net income and projected Adjusted EBITDA is as follows (in millions):

Adjusted Free Cash Flow Guidance Reconciliation

An itemized reconciliation between projected net cash from operating activities and projected adjusted free cash flow is as follows (in millions):

Conference Call Information

Clean Harbors will conduct a conference call for investors today at 9:00 a.m. (ET) to discuss the information contained in this press release. During the call, management will discuss Clean Harbors’ financial results, business outlook and growth strategy. Investors who wish to listen to the webcast and view the accompanying slides should visit the Investor Relations section of the Company’s website at www.cleanharbors.com. The live call also can be accessed by dialing 201.689.8881 or 877.709.8155 prior to the start time. If you are unable to listen to the live conference call, the webcast will be archived on the Company’s website.

About Clean Harbors

Clean Harbors (NYSE: CLH) is North America’s leading provider of environmental and industrial services. The Company serves a diverse customer base, including a majority of Fortune 500 companies. Its customer base spans a number of industries, including chemical, energy and manufacturing, as well as numerous government agencies. These customers rely on Clean Harbors to deliver a broad range of services such as end-to-end hazardous waste management, emergency spill response, industrial cleaning and maintenance, and recycling services. Through its Safety-Kleen subsidiary, Clean Harbors also is North America’s largest re-refiner and recycler of used oil and a leading provider of parts washers and environmental services to commercial, industrial and automotive customers. Founded in 1980 and based in Massachusetts, Clean Harbors operates in the United States, Canada, Mexico, Puerto Rico and India. For more information, visit www.cleanharbors.com.

Safe Harbor Statement

Any statements contained herein that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are generally identifiable by use of the words “believes,” “expects,” “intends,” “anticipates,” “plans to,” “seeks,” “should,” “estimates,” “projects,” “may,” “likely,” or similar expressions. Such statements may include, but are not limited to, statements about future financial and operating results, and other statements that are not historical facts. Such statements are based upon the beliefs and expectations of Clean Harbors’ management as of this date only and are subject to certain risks and uncertainties that could cause actual results to differ materially, including, without limitation, those items identified as “Risk Factors” in Clean Harbors’ most recently filed Form 10-K and Form 10-Q. Forward-looking statements are neither historical facts nor assurances of future performance. Therefore, readers are cautioned not to place undue reliance on these forward-looking statements. Clean Harbors undertakes no obligation to revise or publicly release the results of any revision to these forward-looking statements other than through its filings with the Securities and Exchange Commission, which may be viewed in the “Investors” section of Clean Harbors’ website at www.cleanharbors.com.

Supplemental Segment Data (in thousands)

Michael L. Battles
EVP and Chief Financial Officer
Clean Harbors, Inc.
781.792.5100
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Jim Buckley
SVP Investor Relations
Clean Harbors, Inc.
781.792.5100
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BOULDER, Colo.--(BUSINESS WIRE)--Uplight, the technology partner of energy providers transitioning to the clean energy ecosystem, today announced results from its novel market research study conducted in partnership with research firm See Change Institute. The results showcase how consumers evaluate which brands, products and services they’ll allow into their homes to help them manage energy decisions as more companies enter the clean energy ecosystem.

Trends, including the electrification of everything and an increasing need to manage energy consumption at the grid edge, are leading brands such as Google and Amazon, as well as retailers and car manufacturers, to flock to this space with promises of cleaner, cheaper energy. At the same time, consumers are becoming more active and involved in their energy decisions. How will consumers receive these offerings? Who will they welcome into their lives and energy decisions, and who will they shun? To better understand consumer attitudes toward 16 representative brands, products and services and their potential as part of the clean energy ecosystem, Uplight and See Change Institute gathered input from 2,400 U.S. utility customers, showing how companies rank in terms of trust, competence, innovation and willingness to allow brands to connect their homes and help manage energy decisions.

While trust, competence and innovation all serve as gateway beliefs to consumers’ increased willingness to allow brands to connect their homes and manage energy use, trust has the strongest association with that willingness. Interestingly, increases in competence without corresponding increases in trust and innovation can actually decrease consumer willingness to allow brands to connect and manage energy in their homes.

The study found that utilities, in general, scored lower on innovation versus other products, brands and services. On the flip side, they ranked high on willingness to connect and manage. This bodes well for partnerships between utilities and brands that scored high on innovation, but lower on willingness to connect and manage–like Tesla or Amazon, for example. Working together, these types of organizations can benefit from each other’s strengths and make up for each other’s deficits in the eyes of consumers.

These partnerships are so critical given no single entity alone currently embodies all the characteristics that make the ideal clean tech ecosystem brand: one that consumers consider to be innovative and digital, have a strong familiarity with through daily or frequent use, and also strongly associate with energy.

“As more brands make a play to enter the clean tech ecosystem, our research shows being perceived as a hot, innovative company isn’t enough to win consumer trust,” said Beth Karlin, PhD and founder of See Change Institute. “Partnerships between well-known brands and utilities—who consumers already allow in their homes—can accelerate the clean tech revolution.”

Additional key findings include:

• Brand trust, innovation and competence explain a much larger amount of the variation in customers’ willingness to connect clean tech products into their home and help manage their energy consumption than demographics alone.
• While high income households are more likely to give premium brands and products—like Apple, Tesla and smart thermostats—higher scores for trust, competence and innovation, that doesn’t mean they’ll easily welcome them into their homes to manage energy decisions. There was no meaningful difference in scores between income groups for those same brands and products when it comes to willingness to allow those brands and products to connect and manage.
• Retailers Walmart, Costco and Target, along with Ford, have the biggest barrier to overcome in terms of being viewed as a fit to partner with utilities to reduce energy costs. Respondents were most likely to rank the four companies as not a fit to reduce energy costs or provide green energy. While this isn’t inherently surprising given these companies haven’t historically been in the energy space, it shows there’s work to be done in changing consumer perceptions if these entities want to enter consumers' lives in this novel way.
• There’s room for all brands, products and services to improve consumers’ willingness to allow them to help manage their energy decisions. Across the board, average scores decreased as respondents were asked to rate companies based on increasingly personal levels, with handing over control of some decisions showing the highest barrier to entry.

To learn more about the market research study and what it means for the energy transition, contact This email address is being protected from spambots. You need JavaScript enabled to view it..

About Uplight

Uplight is the technology partner for energy providers and the clean energy ecosystem. Uplight’s software solutions connect energy customers to the decarbonization goals of power providers while helping customers save energy and lower costs, creating a more sustainable future for all. Using the industry’s only comprehensive customer-centric technology suite and critical energy expertise across disciplines, Uplight is streamlining the complex transition to the clean energy ecosystem for more than 80 electric and gas utilities around the world. By empowering energy providers to achieve critical outcomes through data-driven customer experiences, delivering control at the grid edge, creating new revenue streams and optimizing existing load and assets, Uplight shares a mission with its clients to make energy more sustainable for every community. Uplight is a certified B Corporation. To learn more, visit us at www.uplight.com, find us on Twitter @Uplight or on LinkedIn at Linkedin.com/company/uplightenergy.

Liam Sullivan
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EDEN PRAIRIE, Minn.--(BUSINESS WIRE)--$CHRW #CHRobinson--C.H. Robinson Worldwide, Inc. (“C.H. Robinson”) (Nasdaq: CHRW) today reported financial results for the quarter ended September 30, 2022.

Third Quarter Key Metrics:

• Gross profits increased 5.0% to $880.7 million and adjusted gross profits⁽¹⁾ increased 5.1% to $887.2 million
• Income from operations decreased 7.5% to $287.6 million
• Adjusted operating margin⁽¹⁾ decreased 440 basis points to 32.4%
• Diluted earnings per share (EPS) decreased 3.8% to $1.78
• Cash generated by operations improved by $699.0 million to $625.5 million

"On our second quarter earnings call in late July, I talked about a deceleration in demand that we expected to see in the second half of 2022 in three large verticals for freight, including weakness in the retail market and further slowing in the housing market. We’re now seeing those expectations play out, with slowing freight demand and price declines in the freight forwarding and surface transportation markets," said Bob Biesterfeld, President and Chief Executive Officer of C.H. Robinson. "Throughout the changes in the freight cycle, we have maintained our focus on continuing to improve the customer and carrier experience and scaling our digital processes and operating model to foster sustainable, profitable growth."

"Today, we believe that we are entering a time of slower economic growth where freight markets will continue to cool from their peaks and will operate more reliably and at more normalized rates, with fewer disruptions. These changes in market conditions, coupled with many successful endeavors on our digital roadmap directed at scaling our model to be more efficient, are allowing us to take actions to structurally reduce our overall cost structure," stated Biesterfeld.

"Compared to our third quarter operating expenses, the actions we’re currently taking are expected to generate $175 million of gross cost savings on an annualized basis by the fourth quarter of 2023. Inflation, other headwinds such as annual pay increases and tailwinds such as lower incentive compensation are expected to result in net cost headwinds of $25 million in 2023 that we expect will partially offset the gross savings, resulting in net annualized cost reductions of $150 million by the fourth quarter of next year."

Biesterfeld added, "We also continue to identify opportunities to accelerate our enterprise-wide digital and product strategy. To drive greater impact and speed of execution, Arun Rajan has been promoted to the role of Chief Operating Officer. Since joining C.H. Robinson in 2021, Arun has been a critical contributor to, and strategic leader of, our digital and product strategy. Arun is helping us think and act differently as we accelerate our pace of digital transformation and scale our operating model. In his new role, in addition to leading the product organization, Arun will have expanded direct responsibility for the technology and marketing organizations. Bringing these three critical functions together under a single vision and leadership structure will allow us to integrate these functions more deeply into single-threaded teams and put the needs of our customers and carriers at the center of our organizational design and ensure that we are positioned well to meet their needs while accelerating the impacts across the business units of C.H. Robinson. Arun's teams will work directly with the business unit presidents to operationalize these efforts."

Summary of Third Quarter Results Compared to the Third Quarter of 2021

• Total revenues decreased 4.0% to $6.0 billion, driven primarily by lower ocean and air pricing, partially offset by higher pricing in less-than-truckload ("LTL") and truckload.
• Gross profits increased 5.0% to $880.7 million. Adjusted gross profits increased 5.1% to $887.2 million, primarily driven by higher adjusted gross profit per transaction in truckload, partially offset by the lower adjusted gross profit per transaction in ocean.
• Operating expenses increased 12.4% to $599.6 million. Personnel expenses increased 9.4% to $437.5 million, primarily due to higher average employee headcount, which increased 13.0%. Selling, general and administrative ("SG&A") expenses of $162.0 million increased 21.3%, primarily due to increased legal settlements, higher purchased and contracted services and increased travel expenses.
• Income from operations totaled $287.6 million, down 7.5% due to the increase in operating expenses, partially offset by the increase in adjusted gross profits. Adjusted operating margin of 32.4% declined 440 basis points.
• Interest and other income/expense, net totaled $16.0 million of expense, consisting primarily of $20.8 million of interest expense, which increased $7.7 million versus last year due primarily to a higher average debt balance, partially offset by a $5.2 million favorable impact from foreign currency revaluation and realized foreign currency gains and losses.
• The effective tax rate in the quarter was 16.9% compared to 16.0% in the third quarter last year.
• Net income totaled $225.8 million, down 8.6% from a year ago. Diluted EPS of $1.78 decreased 3.8%.

Summary of Year-to-Date Results Compared to 2021

• Total revenues increased 18.2% to $19.6 billion, driven primarily by higher pricing across most of our services.
• Gross profits increased 23.0% to $2.8 billion. Adjusted gross profits increased 23.1% to $2.8 billion, primarily driven by higher adjusted gross profit per transaction across most of our services.
• Operating expenses increased 14.7% to $1.7 billion. Personnel expenses increased 15.3% to $1.3 billion, primarily due to higher average employee headcount, which increased 14.0%, and higher incentive compensation costs. SG&A expenses increased 13.0% to $426.6 million, primarily due to increases in purchased and contracted services, legal settlements, travel expenses, and warehouse expenses, partially offset by a $25.3 million gain on the sale-leaseback of our Kansas City regional center.
• Income from operations totaled $1.1 billion, up 38.8% from last year, primarily due to the increase in adjusted gross profits, partially offset by the increase in operating expenses. Adjusted operating margin of 39.0% increased 440 basis points.
• Interest and other income/expense, net totaled $57.5 million of expense, which primarily consisted of $52.3 million of interest expense, which increased $14.3 million versus last year due to a higher average debt balance. The year-to-date results also included a $6.6 million unfavorable impact from foreign currency revaluation and realized foreign currency gains and losses.
• The effective tax rate for the nine months was 19.2% compared to 18.5% in the year-ago period.
• Net income totaled $844.3 million, up 37.5% from a year ago. Diluted EPS of $6.50 increased 42.5%.

North American Surface Transportation ("NAST") Results

Summarized financial results of our NAST segment are as follows (dollars in thousands):

Third quarter total revenues for the NAST segment totaled $4.0 billion, an increase of 4.9% over the prior year, primarily driven by higher LTL and truckload pricing. NAST adjusted gross profits increased 22.5% in the quarter to $563.8 million. Adjusted gross profits in truckload increased 20.8% due to a 20.5% increase in adjusted gross profit per shipment and a 0.5% increase in truckload volume. Our average truckload linehaul rate per mile charged to our customers, which excludes fuel surcharges, decreased approximately 13.0% in the quarter compared to the prior year, while truckload linehaul cost per mile, excluding fuel surcharges, decreased approximately 17.0%, resulting in a 15.5% increase in truckload adjusted gross profit per mile. LTL adjusted gross profits increased 22.7% versus the year-ago period, as adjusted gross profit per order increased 24.5% and LTL volumes declined 1.5%. Operating expenses increased 13.1% primarily due to increased employee headcount, legal settlements, and technology expenses. Income from operations increased 42.2% to $211.9 million, and adjusted operating margin expanded 520 basis points to 37.6%. NAST average employee headcount was up 10.8% in the quarter.

Global Forwarding Results

Summarized financial results of our Global Forwarding segment are as follows (dollars in thousands):

Third quarter total revenues for the Global Forwarding segment decreased 23.6% to $1.5 billion, driven by lower pricing and volumes in our ocean and air services, reflecting softening market demand. Adjusted gross profits decreased 20.1% in the quarter to $248.4 million. Ocean adjusted gross profits decreased 25.6%, driven by a 24.0% decrease in adjusted gross profit per shipment and a 2.5% decline in shipments. Adjusted gross profits in air decreased 21.1%, driven by a 16.5% decrease in metric tons shipped and a 5.5% decrease in adjusted gross profit per metric ton shipped. Customs adjusted gross profits increased 9.5%, driven by a 5.5% increase in adjusted gross profit per transaction and a 4.0% increase in transaction volume. Operating expenses increased 11.5%, primarily driven by increased salaries and technology expenses. Third quarter average employee headcount increased 13.4%. Income from operations decreased 48.0% to $86.0 million, and adjusted operating margin declined 1,850 basis points to 34.6% in the quarter.

All Other and Corporate Results

Total revenues and adjusted gross profits for Robinson Fresh, Managed Services and Other Surface Transportation are summarized as follows (dollars in thousands):

Third quarter Robinson Fresh adjusted gross profits increased 3.8% to $27.7 million, driven by an increase in adjusted gross profit per case, which is primarily related to integrated supply chain and technology services. Managed Services adjusted gross profits increased 10.8% in the quarter, due to growth in adjusted gross profit per transaction. Other Surface Transportation adjusted gross profits decreased 10.5% to $17.7 million, primarily due to a 7.3% decrease in Europe truckload adjusted gross profits.

Other Income Statement Items

The third quarter effective tax rate was 16.9%, up from 16.0% last year. We expect our 2022 full-year effective tax rate to be near the low end of our previous guidance of 19% to 21%.

Interest and other income/expense, net totaled $16.0 million of expense, consisting primarily of $20.8 million of interest expense, which increased $7.7 million versus the third quarter of 2021 due to a higher average debt balance, partially offset by a $5.2 million favorable impact from foreign currency revaluation and realized foreign currency gains and losses.

Diluted weighted average shares outstanding in the quarter were down 4.7% due primarily to share repurchases over the past twelve months.

Cash Flow Generation and Capital Distribution

Cash generated from operations totaled $625.5 million in the third quarter, compared to $73.5 million cash used by operations in the third quarter of 2021. The $699.0 million improvement was primarily due to a $359.3 million sequential decrease in net operating working capital in the third quarter of 2022, compared to a $411.8 million sequential increase in the third quarter of 2021. The decrease in net operating working capital in the third quarter of 2022 resulted primarily from a $655.2 million sequential decrease in accounts receivable and contract assets, compared to a $295.9 million sequential decrease in total accounts payable and accrued transportation expense.

In the third quarter of 2022, cash returned to shareholders increased 156% versus last year to $606.7 million, with $535.7 million in repurchases of common stock and $71.0 million in cash dividends.

Capital expenditures totaled $31.3 million in the quarter. Capital expenditures for 2022 are expected to be at the high end of our previous guidance of $110 million to $120 million.

Outlook

"As inflationary pressures weigh on consumer discretionary spending and global economic growth, we continue to believe that our global suite of services, our growing digital platform, our responsive team of logistics experts, and our broad exposure to different industry verticals and geographies, supported by our resilient and flexible non-asset-based business model put us in a position to continue delivering strong financial results," Biesterfeld stated. "But we also need to continue evolving our organization to bring focus to our highest strategic priorities, including keeping the needs of our customers and carriers at the center of what we do and lowering our overall cost structure by driving scale. The work that our team is executing on related to scaling our digital processes and operating model, while working backwards from the needs of our customers and carriers, is focused on driving improvements in our customer and carrier experience, and in turn, driving market share gains and growth. We're also focused on improving productivity, which in turn reduces our long-term operating costs and increases profits, leading to continued strong returns to shareholders."

About C.H. Robinson

C.H. Robinson solves logistics problems for companies across the globe and across industries, from the simple to the most complex. With $28 billion in freight under management and 20 million shipments annually, we are one of the world’s largest logistics platforms. Our global suite of services accelerates trade to seamlessly deliver the products and goods that drive the world’s economy. With the combination of our multimodal transportation management system and expertise, we use our information advantage to deliver smarter solutions for our 100,000 customers and 85,000 contract carriers. Our technology is built by and for supply chain experts to bring faster, more meaningful improvements to our customers’ businesses. As a responsible global citizen, we are also proud to contribute millions of dollars to support causes that matter to our company, our Foundation and our employees. For more information, visit us at www.chrobinson.com (Nasdaq: CHRW).

Except for the historical information contained herein, the matters set forth in this release are forward-looking statements that represent our expectations, beliefs, intentions or strategies concerning future events. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from our historical experience or our present expectations, including, but not limited to, such factors as changes in economic conditions, including uncertain consumer demand; changes in market demand and pressures on the pricing for our services; fuel price increases or decreases, or fuel shortages; competition and growth rates within the global logistics industry; freight levels and increasing costs and availability of truck capacity or alternative means of transporting freight; risks associated with significant disruptions in the transportation industry; changes in relationships with existing contracted truck, rail, ocean, and air carriers; changes in our customer base due to possible consolidation among our customers; risks with reliance on technology to operate our business; cyber-security related risks; risks associated with operations outside of the United States; our ability to identify or complete suitable acquisitions; our ability to successfully integrate the operations of acquired companies with our historic operations; risks associated with litigation, including contingent auto liability and insurance coverage; risks associated with the potential impact of changes in government regulations; our ability to hire and retain a sufficient number of qualified personnel; risks associated with the changes to income tax regulations; risks associated with the produce industry, including food safety and contamination issues; the impact of war on the economy; changes to our capital structure; changes due to catastrophic events including pandemics such as COVID-19; and other risks and uncertainties detailed in our Annual and Quarterly Reports.

Any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update such statement to reflect events or circumstances arising after such date. All remarks made during our financial results conference call will be current at the time of the call, and we undertake no obligation to update the replay.

Conference Call Information:

C.H. Robinson Worldwide Third Quarter 2022 Earnings Conference Call
Wednesday, November 2, 2022; 8:30 a.m. Eastern Time
Presentation slides and a simultaneous live audio webcast of the conference call may be accessed through the Investor Relations link on C.H. Robinson’s website at www.chrobinson.com.
To participate in the conference call by telephone, please call ten minutes early by dialing: 877-269-7756
International callers dial +1-201-689-7817

Chuck Ives, Director of Investor Relations
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Unveils Evolved Brand Inspiring Consumers to “Shop Boldly” with Confidence Online

CHICAGO & MEMPHIS, Tenn.--(BUSINESS WIRE)--Today, ShopRunner, a subsidiary of FedEx, announced the launch of the new ShopRunner mobile application, which provides consumers with a simple, streamlined experience throughout the entire shopping journey from discovery to tracking. With overwhelming brand choice, ever-changing return policies, and tracking number disorganization, the ShopRunner app helps cut through the frustrating online shopping experiences that consumers encounter regularly and provides a single destination to discover, order, track, and return with ease.

ShopRunner is also unveiling an evolved brand and new campaign to inspire consumers to “Shop Boldly.” ShopRunner’s new look and feel reflects the platform’s focus on making shopping experiences simple and putting confidence back in how people shop online. Since combining the power of the ShopRunner platform with the strength of the FedEx network and services, ShopRunner has increased its member base while extending its reach to new merchants and consumers.

“ShopRunner is giving e-commerce the makeover it deserves through an approachable mobile app to help people overcome today’s frustrating and overwhelming online shopping experience,” said Claude Russ, CEO of ShopRunner. “With simplicity at the center of ShopRunner, our goal is to unlock a more enjoyable way to shop while also making it easier for merchants to build loyalty with their customers.”

Unexpectedly Simple

The ShopRunner app is designed to alleviate the cumbersome e-commerce shopping experience by simplifying it. Now, through its mobile app, ShopRunner is changing the way people navigate online shopping. With a single mobile entryway, each member’s feed can be optimized through their browsing and purchase history to discover new brands and connect with their favorites. Most importantly, members can purchase, ship, track, and return items in an easy, safe, and secure experience through an intuitive interface.

Members can also enjoy benefits including free two-day shipping, free returns, member-exclusive discounts, and seamless checkout. ShopRunner’s data-driven marketing and omnichannel enablement capabilities can also help merchants acquire high-value customers and accelerate their digital innovation by using ShopRunner’s e-commerce platform.

What Consumers Can Expect

ShopRunner already connects millions of its members to their favorite brands, enabling an easy and intuitive shopping experience, from inspiration through delivery. Members will have a single destination to discover, track, and return goods at the swipe of a finger, specifically:

• Access to diverse brands and retailers across beauty, fashion, electronics, home and more
• Dynamic customer support content tailored to where an order is on its journey to help the customer and provide answers in the most direct way possible
• An optimized feed available for members to explore new brands and goods inspired by their securely stored purchase and browsing history
• Fast and free delivery and returns
• Automatic tracking once enrolled for ShopRunner online orders that’s shipper agnostic, so you know so you know where an item you ordered is in its journey to you

To learn more about ShopRunner click www.shoprunner.com

About FedEx Corp.

FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenue of $95 billion, the company offers integrated business solutions through operating companies competing collectively, operating collaboratively and innovating digitally under the respected FedEx brand. Consistently ranked among the world's most admired and trusted employers, FedEx inspires its nearly 550,000 employees to remain focused on safety, the highest ethical and professional standards and the needs of their customers and communities. FedEx is committed to connecting people and possibilities around the world responsibly and resourcefully, with a goal to achieve carbon-neutral operations by 2040. To learn more, please visit fedex.com/about.

About ShopRunner

ShopRunner, a FedEx subsidiary, connects its millions of members with free 2-day shipping and free returns as well as exclusive, member-only offers and benefits from their favorite stores. For retailers, ShopRunner helps drive frictionless ecommerce through a comprehensive product suite backed by rich consumer insights and data science.

Caty Gray
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DUBLIN--(BUSINESS WIRE)--The "LNG Systems Industry Forecasts - China Focus" report has been added to ResearchAndMarkets.com's offering.

This new study focuses on industry trends and forecasts with historical data (2011, 2016 and 2021) and long-term forecasts through 2026 and 2031 are presented.

This study focuses on China's LNG Systems industry forecasts. In the two past decades, the industry has been growing at a fast pace. The dramatic expansions of the manufacturing capabilities and rising consumer consumptions in China have transformed China's society and economy. China is one of the world's major producers for industrial and consumer products.

Far outpacing other economies in the world, China is the world's fastest growing market for the consumptions of goods and services. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, imports & exports, consumer consumption and capital investment for over two decades.

Rapid consolidation between medium and large players is anticipated since the Chinese government has been encouraging industry consolidation with an effort to regulate the industry and to improve competitiveness in the world market.

Although China has enjoyed the benefits of an expanding market for production and distribution, the industry is suffering from minimal innovation and investment in R&D and new product development. The sector's economies of scale have yet to be achieved. Most domestic manufacturers lack the autonomic intellectual property and financial resources to develop their own brand name products.

Key Topics Covered:

I. INTRODUCTION

• Report Scope and Methodology
• Executive Summary

II. BUSINESS ENVIRONMENT

• Economic Outlook
• Key Economic Indicators
• Industrial Output
• Population and Labor
• Foreign Investment
• Foreign Trade
• Financial and Tax Regulations
• Banking System and Regulations
• Foreign Exchange
• Taxes, Tariff and Custom Duties
• Market Trends
• Technology Development
• Market Development
• Major Industry Development
• Regional Development
• Enterprise Development
• Labor Market Development

III. LNG SYSTEMS SALES VOLUMES AND FORECASTS

• Overview
• LNG Systems Sales Volumes and Forecasts (in Yuan)
• Feed Gas Pretreatment System
• Low Temperature Liquefied System
• Coolant System
• Storage and Transportation System
• Exhaust and By-Product Recovery System
• The Electric Control System
• Utility System
• LNG Systems Imports and Exports
• Pricing Trends

LIST OF TABLES

I. INTRODUCTION

• Economic Outlook Summary
• LNG Systems Supply and Demand Summary

II. BUSINESS ENVIRONMENT

• Key Economic Indicators
• Industrial Output
• Population and Labor Force Trends
• Foreign Investment and Loans
• Foreign Trade

III. LNG SYSTEMS SALES VOLUMES AND FORECASTS

• Overview
• LNG Systems Sales Volumes and Forecasts (in Yuan)
• Feed Gas Pretreatment System
• Low Temperature Liquefied System
• Coolant System
• Storage and Transportation System
• Exhaust and By-Product Recovery System
• The Electric Control System
• Utility System
• LNG Systems Imports and Exports

For more information about this report visit https://www.researchandmarkets.com/r/u4xus4

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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NEW YORK--(BUSINESS WIRE)--Subsea Environmental Services (“Subsea” or the “Company”), a subsea telecom services and recycling company, has announced a strategic partnership with Orion Infrastructure Capital (“OIC”). The capital investment will provide the Company up to $31 million to support vessel acquisitions, expansion of their submarine cable portfolio and other growth opportunities.

Based in New York City, Subsea recovers and decommissions out-of-service (“OOS”) submarine telecommunications cables. Since commencing marine operations in 2014, Subsea has recovered over 40,000 kilometers of OOS cable from the seabed. The recovered cable is processed and the recycled materials, including ferrous and non-ferrous metals as well as high-grade plastics, are then reintroduced into the supply chain offsetting consumption of newly-mined and virgin production material. In addition to recovering and recycling its own deep-water submarine cables, Subsea also provides shore-end decommissioning and logistics services to the telecoms industry.

“With OIC’s capital infusion and our eight years of operating history, we are now well-positioned to leverage our expertise and accelerate growth of the business,” said John Theodoracopulos, Subsea’s Managing Partner. “We are excited to partner with OIC who share our vision of environmental stewardship and understand the excellent opportunity presented during this period of unprecedented growth in submarine telecoms infrastructure.

“Subsea is a leader in the niche market of recovery and recycling of OOS submarine cables and we couldn’t be more excited to be a part of it,” said Jeremy Glick, Managing Director and Head of Infra Growth. “This partnership aligns with OIC’s strategy to provide flexible capital to growing companies that support sustainable infrastructure and resource recovery.”

EF Hutton, division of Benchmark Investments, LLC, served as financial advisor to Subsea.

About Subsea Environmental Services

Subsea was founded on the principal that the responsible recovery and recycling of retired submarine cables is good for both business and the environment. Subsea performs all cable recovery operations in strict compliance with International Cable Protection Committee (ICPC) recommendations. Similarly, all associated marine and recycling operations are performed in conformance with good industry practices and regulations. Subsea has a portfolio of approximately 100,000 kilometers of OOS cable, and utilizes its own equipment and experienced crews as well as assets of opportunity for operations. For more information, please visit www.subsea.cc.

About OIC

With approximately $3 billion in assets under management, OIC invests in North America and select international markets. OIC’s unique partnership approach – for entrepreneurs, by entrepreneurs – cultivates creative credit, equity, and growth capital solutions to help middle market businesses scale and deploy sustainable infrastructure. OIC’s target investment sectors include energy efficiency, digital infrastructure, social infrastructure, sustainable power generation, renewable fuels, waste & recycling, water, transportation, and agriculture. OIC was founded in 2015 by a team of energy and sustainability veterans, successful infrastructure investors, and former asset owners and industry operators. Across OIC’s platform is a team of 36 professionals based in New York, Houston and London. For more information, please visit www.OIC.com.

Contact information for Subsea Environmental Services:
+1 (212) 759-2031
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Contact information for OIC:
Reyno Norval
+1 (212) 292-0345
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BrainFirm launches a new sustainability check service for your business partners in Japan

TOKYO--(BUSINESS WIRE)--BrainFirm Co., Ltd., the only Japanese consulting firm that received the Platinum Rating of EcoVadis, started providing companies doing business in Japan with sustainability consultancy.

In the current global market, multinational corporations must manage the potential business risks of foreign markets. But it is difficult to assess potential risks and take appropriate measures to control the risks in foreign markets. Moreover, especially in Japan, there are unique risks such as weak corporate governance, an immature management system, difficulty in English communication, and illogical business customs. Therefore, BrainFirm will provide consultancy services to companies concerned about sustainability issues of their operations, supply chains, or business partners in Japan.

BrainFirm will provide the following companies with tailor-made solutions.

• The company that has concern about a low EcoVadis score for its business partner in Japan
• The company that wants to improve the EcoVadis score of its subsidiary in Japan
• The company that wants to provide help with its subsidiary in Japan to improve the quality of disclosure about climate change
• The company that has any concerns about human rights issues related to a Japanese company it wants to start a business with

Please see details here: https://www.brainfirm-sustainability.com/consulting

Satomi Shintani, the president of BrainFirm, said: "We are the only Japanese consulting firm that received the Platinum Rating of EcoVadis and also the climate change consultancy solution provider of CDP in Japan. In addition, we have accumulated expertise in public-private partnership (PPP) and ample experience in consultancy for municipalities and private corporations during the last 25 years. Therefore we have a distinguished performance record and expertise in sustainability activities."

BrainFirm's main consulting services:

EcoVadis Score Improvement
BrainFirm helps customers improve their EcoVadis score and rating. In addition, BrainFirm has accumulated consulting experience and expertise in Japanese unique business customs. Therefore BrainFirm can advise corporations on what they should do in Japan.

A sustainability-related survey in Japan
Upon a client's request, BrainFirm will conduct an on-site survey in Japan and provide a report on sustainability-related issues, such as the human rights due diligence performance of operations and business partners in Japan.

Satomi Shintani
President
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Eiichi Kon
VP
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Phone: +81-6-6441-2211
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Office hours:
9:00 – 17:00 (JST)/0:00 – 8:00 (GMT)

FAYETTEVILLE, Ark.--(BUSINESS WIRE)--White River Energy Corp (“White River”) (OTC: WTRV), today announced its participation in an upcoming retail investor-focused event. The virtual event is scheduled to take place on Monday, November 14, 2022 at 11:00am ET. Randy May, Executive Chairman and Jay Puchir, CEO of White River Energy will present an overview of the company and participate in a “fireside chat” style Q&A session.

The livestream of this event will be webcast live and can be accessed at https://www.openexchange.tv/share-series. An archived replay will be available on the SHARE Series website for approximately 90 days following the event.

About White River Energy Corp

White River is a vertically integrated energy company with oil and gas exploration, production, and drilling operations on over 30,000 cumulative acres of active mineral leases in Louisiana and Mississippi.

White River Energy Investor Relations:
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• CFO Michael Battles and COO Eric Gerstenberg Are Promoted to Co-CEO Role
• Alan McKim to Become Executive Chairman of the Board and CTO

NORWELL, Mass.--(BUSINESS WIRE)--Clean Harbors, Inc. (“Clean Harbors”) (NYSE: CLH), the leading provider of environmental and industrial services throughout North America, today announced that it has appointed Chief Operating Officer Eric W. Gerstenberg and Chief Financial Officer Michael L. Battles as co-CEOs of the Company, effective March 31, 2023. As part of a long-planned transition, they will be succeeding Clean Harbors’ founder Alan S. McKim, who has been CEO for the past 42 years. McKim will become Executive Chairman of the Board of Directors and Chief Technology Officer (CTO) where he will continue to spearhead the Company’s M&A and technology initiatives. Battles and Gerstenberg will work together as co-CEOs to jointly direct the day-to-day operations and continued growth of the Company.

“Eric and Mike are proven leaders here at Clean Harbors and each brings a unique set of talents to their new role as co-CEOs,” McKim said. “Both have made valuable contributions to the Company and keeping this management team in place has been a top priority of mine. Our shareholders and more than 20,000 employees will benefit from their outstanding leadership. I have the utmost confidence in handing over the reins to Mike and Eric, and in their ability to succeed at the top level of the organization. In addition, while I am stepping away from the day-to-day management duties, I will remain actively involved in the Company’s strategic direction as executive chairman and CTO. I look forward to continuing to work with both Eric and Mike to advance Clean Harbors’ mission of creating a safer, cleaner environment through the treatment, recycling and disposal of hazardous materials.”

Dr. Gene Banucci, lead independent director of Clean Harbors’ Board, said, “Today’s announcement comes after a carefully detailed and comprehensive selection process that ensures a smooth transition for all critical stakeholders including employees, customers and investors. The Board believes that Mike and Eric together are not only the best choice, but the timing is ideal given the favorable market dynamics, positive momentum of the Company and the wide range of skills that they collectively bring to the CEO position. Each one has been integral at the executive level to the Company’s undeniable success over the past five plus years. We believe that working collaboratively together they are uniquely positioned to execute the Company’s strategic growth plan and navigate it through its next stage of development.”

Dr. Banucci continued, “Clean Harbors’ four decades of success stems from Alan McKim’s vision and extraordinary foresight of what the Company could become. His determination and leadership took a four-person startup and fashioned it into a multi-billion-dollar provider of environmental and industrial services that is relied upon for safe, sustainable solutions by more than 300,000 customers today. Along the way, he helped transform an entire industry that was once a fragmented collection of environmental assets and services into a reliable, compliance-driven field that provides customers with a broad spectrum of ecofriendly offerings to handle all of their hazardous waste needs. He has created an amazing legacy for himself and the Company he founded in 1980. On behalf of the Board and the entire Clean Harbors community, we want to thank Alan for all he has accomplished and look forward to continuing to work with him as executive chairman and CTO for the foreseeable future.”

Gerstenberg joined Clean Harbors in 1989 and during the past thirty years he has held a variety of positions of increasing responsibility throughout the organization. He was most recently Chief Operating Officer – a position he has held since 2015 – where he had responsibility for the Company’s environmental sales & service organization, all of its facilities including incinerators and re-refineries, and oversaw the majority of its workforce.

After a long career in public accounting at Deloitte & Touche and as a finance leader at PerkinElmer, Inc. Battles joined Clean Harbors in 2013 as Chief Accounting Officer before being elevated to Chief Financial Officer in 2016. Since that time, he has overseen the Company’s entire finance organization, including multiple debt raises and refinancings, as well as taking on some strategic and operational oversight. He is also a member of the Board of Directors of Casella Waste Systems Inc. (Nasdaq: CWST).

About Clean Harbors

Clean Harbors (NYSE: CLH) is North America’s leading provider of environmental and industrial services. The Company serves a diverse customer base, including a majority of Fortune 500 companies. Its customer base spans a number of industries, including chemical, energy and manufacturing, as well as numerous government agencies. These customers rely on Clean Harbors to deliver a broad range of services such as end-to-end hazardous waste management, emergency spill response, industrial cleaning and maintenance, and recycling services. Through its Safety-Kleen subsidiary, Clean Harbors also is North America’s largest re-refiner and recycler of used oil and a leading provider of parts washers and environmental services to commercial, industrial and automotive customers. Founded in 1980 and based in Massachusetts, Clean Harbors operates in the United States, Canada, Mexico, Puerto Rico and India. For more information, visit www.cleanharbors.com.

Safe Harbor Statement

Any statements contained herein that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are generally identifiable by use of the words “believes,” “expects,” “intends,” “anticipates,” “plans to,” “seeks,” “should,” “estimates,” “projects,” “may,” “likely,” or similar expressions. Such statements may include, but are not limited to, statements about planned executive team changes, and other statements that are not historical facts. Such statements are based upon the beliefs and expectations of Clean Harbors’ management as of this date only and are subject to certain risks and uncertainties that could cause actual results to differ materially, and those items identified as “Risk Factors” in Clean Harbors’ most recently filed Form 10-K and Form 10-Q. Forward-looking statements are neither historical facts nor assurances of future performance. Therefore, readers are cautioned not to place undue reliance on these forward-looking statements. Clean Harbors undertakes no obligation to revise or publicly release the results of any revision to these forward-looking statements other than through its filings with the Securities and Exchange Commission, which may be viewed in the “Investors” section of Clean Harbors’ website at www.cleanharbors.com.

Michael L. Battles
Chief Financial Officer
Clean Harbors, Inc.
781.792.5100
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Jim Buckley
SVP Investor Relations
Clean Harbors, Inc.
781.792.5100
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NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“NFE” or the “Company”) announced today at its FLNG Investor Day in Texas that the Company is raising its full year 2022 Illustrative Adjusted EBITDA Goal⁽¹⁾ to ~$1.1 billion (from $1.0+ billion) and its full year 2023 Illustrative Adjusted EBITDA Goal to ~$2.5+ billion (from $1.5+ billion).

The increases in NFE’s illustrative goals are due to portfolio optimization and higher operating margins in our core business lines, as well as – most significantly – the expected on-schedule deployment of our first floating liquefaction unit (“FLNG 1”) in the first half of 2023.

“We continue to execute our strategy of growing our LNG supply portfolio through the deployment of floating LNG infrastructure, enhancing energy security around the world while delivering superior returns to our shareholders,” said Wes Edens, Chairman and Chief Executive Officer of NFE. “Our integrated business is uniquely positioned both to respond to unprecedented near-term market opportunities and to convert our LNG volumes to longer term contracts to serve downstream energy customers.”

Investor Day

NFE is hosting its FLNG Investor Day today at the Kiewit Offshore Services (“KOS”) shipyard near Corpus Christi, Texas. Specializing in the fabrication and integration of offshore projects, the 555-acre KOS facility is home to NFE’s Fast LNG program and the ongoing conversion of marine infrastructure into floating liquefaction units.

“We are proud of the efficient and repeatable process we have developed – essentially an FLNG factory – that substantially reduces the cost and time to build incremental liquefaction capacity the global energy market so urgently needs,” continued Mr. Edens. “We are pleased to host investors and analysts today at this world-class facility in Texas, where they have an opportunity to see the significant progress we are making toward mechanical completion of our first FLNG unit in March 2023.”

For additional information on NFE’s FLNG Investor Day, please refer to the presentation and other event materials posted on the Investors section of NFE’s website.

About New Fortress Energy

New Fortress Energy Inc. (NASDAQ: NFE) is a global energy infrastructure company founded to help address energy poverty and accelerate the world’s transition to reliable, affordable, and clean energy. The Company owns and operates natural gas and liquefied natural gas (LNG) infrastructure, ships and logistics assets to rapidly deliver turnkey energy solutions to global markets. Collectively, the Company’s assets and operations seek to support global energy security, enable economic growth, enhance environmental stewardship, and transform local industries and communities around the world.

Cautionary Language Regarding Forward-Looking Statements

This communication contains certain statements and information that may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this communication other than historical information are forward-looking statements that involve known and unknown risks and relate to future events, our future financial performance or our projected business results. You can identify these forward-looking statements by the use of forward-looking words such as “expects,” “may,” “will,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates,” or the negative version of those words or other comparable words. Forward looking statements include: illustrative financial and other similar metrics, including expected financial growth and expectations for returns to shareholders, among others; the development, construction, completion and operation of Fast LNG facilities on time, within budget and within the expected specifications and design; our ability to execute our strategic vision; the anticipated benefits and efficiencies to be derived from our projects; our ability to leverage our platform to support our growth strategy; and anticipated benefits and efficiencies to be derived from the design of Fast LNG technology and location of our projects, including reductions in timelines, cost-efficiency, and scalability. These forward-looking statements represent the Company’s expectations or beliefs concerning future events, and it is possible that the results described in this press release will not be achieved.

These forward-looking statements are necessarily estimates based upon current information and are subject to risks, uncertainties and other factors, many of which are outside of the Company’s control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to: unknown and unforeseen risks associated with the development of new technologies such as the Fast LNG technology, including failure to meet design and engineering specifications, incompatibility of systems, delays and schedule changes, high costs and expenses, regulatory and legal challenges, instability or clarity of application of laws, and rules and regulations to the technology, among others; risks related to the development, construction, completion or commissioning schedule for the facilities; cyclical or other changes in the demand for and price of LNG and natural gas; the gas reserves offshore in the expected locations may not be as extensive as we expect; inability to realize the anticipated benefits from the technology, including the cost and time savings anticipated; the receipt of permits, approvals and authorizations from governmental and regulatory agencies on a timely basis or at all; new or changes to existing governmental policies, laws, rules or regulations, or the administration thereof; adverse regional, national, or international economic conditions, adverse capital market conditions and adverse political developments; and the impact of public health crises, such as pandemics (including coronavirus (COVID-19)) and epidemics and any related company or government policies and actions to protect the health and safety of individuals or government policies or actions to maintain the functioning of national or global economies and markets. These factors are not necessarily all of the important factors that could cause actual results to differ materially from those expressed in any of NFE’s forward-looking statements. Other known or unpredictable factors could also have material adverse effects on future results.

Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, the Company does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for the Company to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in our annual report, quarterly and other reports filed with the SEC, which could cause its actual results to differ materially from those contained in any forward-looking statement. We undertake no duty to update these forward-looking statements, even though our situation may change in the future.

⁽¹⁾ Please refer to the presentation and other event materials for information about terms, including “Illustrative Adjusted EBITDA Goal,” which means our goal for Adjusted EBITDA under certain illustrative conditions. Illustrative economics are targeted values based on specified assumptions rather than management’s view of projected results. Actual results could differ materially from the illustration and there can be no assurance we will achieve our goal.

Investors
Patrick Hughes
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Media
Jake Suski
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DUBLIN--(BUSINESS WIRE)--The "Bangladesh Transformer Market Outlook 2022-2028" report has been added to ResearchAndMarkets.com's offering.

The market would register significant growth in revenues owing to increasing power consumption and growing renewable energy production.

Three phase oil transformers would be the fastest growing segment. The government has increased its power budget under the 8th Five Year Plan and is constantly working to upgrade the transmission and distribution infrastructure of the country and expand its grid system with plans like the Power System Master Plan and Energy Efficiency and Conservation Master Plan 2030.

Due to the outbreak of COVID-19 pandemic, the market has registered a minimal decline of 5-10% as most of the projects of the government are pre- scheduled and continued as usual. However, the demand from private sector registered a decline in the year 2020.

According to the publisher, Bangladesh Transformer Market revenue size is projected to grow at a CAGR of 6.8% during 2022-2028F. The Bangladesh government has implemented programmes to improve the power supply network in the country, with plans like Power System Master Plan 2016 and Energy Efficiency and Conservation Master Plan 2030 that is focused towards increasing the electricity generation capacity of the country over the coming years which would create ample opportunities for power & distribution transformers market in Bangladesh.

The government plans to generate 4100 MW of electricity through renewable sources by 2030 from current capacity of 780 MW in 2021. The upcoming construction projects such as Rooppur Nuclear Power Plant, Padma Bridge, Dhaka Metro among many others require the installation of transformers to achieve higher efficiency for meeting the increased electricity consumption thereby driving the aforesaid market over the forthcoming period.

Bangladesh Transformer Market Analysis, By types

In terms of market revenue share by types, 'three phase oil transformers have captured around 69% of the market revenues for the year 2021 as power utilities are the largest buyers of transformers in Bangladesh and three phase oil transformers are mostly used for distribution purposes in urban areas.

Bangladesh Transformer Market Analysis, By private vs government application

The government segment accounted for around 72% of the market revenue share for the year 2021 owing to the large number of ongoing power distribution network expansion projects throughout Bangladesh in order to achieve 100 percent electricity coverage targets. However, the burgeoning construction sector coupled with the development of commercial, industrial and healthcare sectors would bolster the demand from the private sector over the coming years.

Bangladesh Transformer Market Analysis, By regions

Central region held the maximum revenue share in the overall market for the year 2021 owing to the presence of large-scale industrial and commercial projects in Dhaka. Some of the ongoing projects such as the Dhaka metro rail project, Padma Rail Link project and the development of textile industry, hotel chains and hospitals in the central region would bolster the demand for transformers in the central region on account of the requirement of continuous power supply for all these developments.

Key Highlights of the Report

• Bangladesh Transformer Market Size
• Bangladesh Transformer Market Outlook
• Bangladesh Transformer Market Forecast
• Bangladesh Transformer Market Growth
• Historical Data and Forecast of Bangladesh Transformer Market Revenues for the Period 2018-2028F
• Historical Data and Forecast of Revenues, By Types, KVA Ratings, Applications and Regions for the Period 2018-2028F
• Market Drivers and Restraints
• Bangladesh Transformer Market Trends and Industry Life Cycle
• Porter's Five Force Analysis
• Market Opportunity Assessment
• Bangladesh Transformer Market Share Ranking, By Company
• Bangladesh Transformer Market - Impact of COVID-19
• Bangladesh Transformer Market - Analysis of Domestic Production and Imports
• Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Company Profiles

• Bengal Telecommunication & Electric Corp. (Pvt.) Ltd.
• EDISON Power Bangladesh Ltd.
• Electro Power Engineering Ltd
• Energypac Engineering Ltd.
• General Electric Manufacturing Company Limited
• Powermann Bangladesh Limited
• POWERtrac Group
• Transpower Engineering Limited
• TS Transformers Limited
• Vicar Electricals Ltd

Market Scope and Segmentation

By Type

• Single Phase-oil
• Three Phase-oil
• Dry

By KVA Ratings (For Single Phase-oil)

• 10 KVA
• 15 KVA
• 25 KVA
• 5 KVA
• 50 KVA

By KVA Ratings (For Three Phase-oil)

• 50 KVA - 15 MVA

By KVA Ratings (For Dry)

• Up to 500 KVA
• 630-2500 KVA
• Above 2500 KVA

By Applications

• Government
• Private

By Regions

• Northern region
• Southern region
• Central region

For more information about this report visit https://www.researchandmarkets.com/r/hyd6x1

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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All-electric, solar- and battery-powered energy-smart connected communities offer greater energy-efficient and resilient new homes.

Leading homebuilder in sustainability partners with the U.S. Department of Energy, SunPower, University of California, Irvine, Southern California Edison, Schneider Electric and Kia to develop microgrid communities.

LOS ANGELES--(BUSINESS WIRE)--#BuiltOnRelationships--KB Home (NYSE: KBH) today announced that it has launched the first all-electric, solar- and battery-powered, microgrid communities in California. The homebuilder has partnered with the U.S. Department of Energy (DOE), SunPower Corp. (NASDAQ: SPWR), the Advanced Power and Energy Program at the University of California, Irvine, Southern California Edison^®, Schneider Electric™ and Kia^® to test the energy-efficient and resilient new homes located at KB Home’s Oak Shade and Durango communities within its popular Shadow Mountain master plan in Menifee, California.

Every new KB energy-smart connected home at these communities will be equipped with smart technologies and a backup battery, plus community microgrid connectivity. These innovative features are designed to work together to provide a self-supporting energy system that powers a specific neighborhood with a community battery and has the capability to operate independently during a grid outage. Additionally, these new KB homes will offer a set of benefits compared to homes without these features, including:

• Reduced Energy Usage: Innovative technology, coupled with advanced home design and certifications, enable homeowners to decrease energy usage by 40%, while potentially lowering energy costs.

• Essential Protection: Homeowners can switch to battery energy use in case of an outage and disconnect from the grid to help maintain the home’s essential energy functions continue to operate for a certain period of time.

• EV Charger Ready: All homes will be wired to be smart charger ready. Additionally, some homes in the communities will be testing bidirectional electric vehicle (EV) chargers, which, during a power outage, enables the EV to be another source of energy.

• Convenient Real-Time Monitoring: Homeowners will enjoy the convenience and advantage of app-based monitoring and control to easily customize and track their energy usage and storage.

• Less Environmental Impact: These home and community features in combination can help lower homebuyers’ carbon footprint and conserve precious natural resources.

• Trusted Certifications: Every energy-smart connected home will be certified as a DOE-designated Zero Energy Ready Home (ZERH), reflecting a high level of performance with rigorous requirements that build on the Environmental Protection Agency’s (EPA) ENERGY STAR^®, WaterSense^® and Indoor airPLUS programs, and will be verified by a qualified third party.

“KB Home has been at the forefront of deploying advanced technologies and energy solutions for the benefit of our homebuyers. In our pursuit of building better homes, better communities and a better future, we believe that our all-electric, solar- and battery-powered homes at Oak Shade and Durango in Menifee, California have the potential to deliver significant energy savings,” said Jeffrey Mezger, KB Home’s Chairman, President and Chief Executive Officer. “Working with industry and academic leaders, we plan to explore how these energy-smart connected communities can help protect the environment and turn our homes into their own power centers designed to deliver resiliency while also reducing the overall cost of long-term homeownership.”

The project partners will conduct research to measure the energy efficiency of each energy-smart connected community in comparison to traditional residential solar communities. They will explore how to build all-electric homes that will more effectively meet the requirements of future energy codes and how an energy-smart connected community, energy storage batteries and bidirectional EV chargers can work together to maximize efficiency and comfort — and help keep the power on for a certain period of time at a community level. The research will continue throughout and beyond the development cycle of both communities.

KB Home is the #1 energy-efficient national homebuilder. The company was the first builder to make every home it builds ENERGY STAR certified and has built over 160,000 ENERGY STAR certified new homes since 2000, more than any other builder, delivering a level of advanced energy efficiency met by fewer than 10% of new homes built in America. ENERGY STAR certified homes help lower the cost of ownership and are designed to be healthier, more comfortable and better for the environment than homes without certification.

KB Home estimates that its sustainably designed homes have cumulatively reduced energy utility bills for its homeowners by an estimated $856 million. Additionally, to date, these KB homes have reduced CO₂ emissions by an estimated cumulative 6.3 billion pounds, the equivalent of removing 616,000 gasoline-powered passenger vehicles from the road for one year. The homebuilder has also delivered over 14,000 solar homes, achieving 44 cumulative megawatts of solar power installed and producing an estimated total of 75 million total kilowatt hours of renewable energy annually.

KB Home is the only national builder to have earned awards under all of EPA’s homebuilder programs, including ENERGY STAR, which establishes energy-efficiency standards, WaterSense, which outlines water-efficiency standards, and Indoor airPLUS, which focuses on indoor air quality. The company’s sustainability leadership was recognized by Newsweek^®, with the company being the only homebuilder named to the national publication’s prestigious list of America’s Most Responsible Companies two years in a row.

For more information on KB Home’s sustainability initiatives and how the company is building better homes, better communities and a better future, visit kbhome.com/sustainability.

For more information on KB Home, call 888-KB-HOMES or visit kbhome.com.

About KB Home

KB Home is one of the largest and most recognized homebuilders in the United States and has built over 655,000 quality homes in our 65-year history. Today, KB Home operates in 47 markets from coast to coast. What sets KB Home apart is the exceptional personalization we offer our homebuyers — from those buying their first home to experienced buyers — allowing them to make their home uniquely their own, at a price that fits their budget. As the leader in energy-efficient homebuilding, KB Home was the first builder to make every home it builds ENERGY STAR^® certified, a standard of energy performance achieved by fewer than 10% of new homes in America and has built more ENERGY STAR certified homes than any other builder. An energy-efficient KB home helps lower the cost of ownership and is designed to be healthier, more comfortable, and better for the environment than new homes without certification. We build strong, personal relationships with our customers, so they have a real partner in the homebuying process. As a result, we have the distinction of being the #1 customer-ranked national homebuilder in third-party buyer satisfaction surveys. Learn more about how we build homes built on relationships by visiting kbhome.com.

Craig LeMessurier, KB Home
925-580-1583
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DAVIDSON, N.C.--(BUSINESS WIRE)--The Board of Directors of Ingersoll Rand Inc. (NYSE: IR), a global provider of mission-critical flow creation and industrial solutions, declared yesterday a regular quarterly cash dividend of $0.02 (two cents) per share of common stock payable on December 16, 2022 to stockholders of record on November 16, 2022.

About Ingersoll Rand Inc.

Ingersoll Rand Inc. (NYSE:IR), driven by an entrepreneurial spirit and ownership mindset, is dedicated to helping make life better for our employees, customers and communities. Customers lean on us for our technology-driven excellence in mission-critical flow creation and industrial solutions across 40+ respected brands where our products and services excel in the most complex and harsh conditions. Our employees develop customers for life through their daily commitment to expertise, productivity and efficiency. For more information, visit our Investor Relations Website.

Investors:
Matthew Fort
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Media:
Samantha Hamlin
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CALGARY, Canada--(BUSINESS WIRE)--$BLN #ConnectedWorker--Blackline Safety Corp. (TSX: BLN), a global leader in connected safety technology, today announced it will attend the 11th Annual Roth Technology Event on November 16, 2022 in New York City and the TD Securities Technology Conference on November 21 – 23, 2022 in Toronto.

At the events, management will be available to meet with institutional investors to discuss its disruptive connected safety technology solutions, attractive hardware-enabled software-as-a-service business model, path to profitability, growth opportunities and track record.

Institutional investors wishing to attend the conferences and schedule meetings with management should contact their Roth and TD representatives to register.

Roth’s 11th Annual Technology Event
Roth’s 11th Annual Technology Event is being held at The Yale Club in New York City on Wednesday, November 16, 2022. The invitation-only conference provides investors the opportunity to meet with executive management teams of public and private companies in the technology sector. The conference will consist of one-on-one and small group meetings.

TD Securities Technology Conference
The 2022 TD Securities Technology Conference is being held at the TD Tower in Toronto November 21 – 23, 2022. The three-day conference will consist of private company presentations and public company fireside chats. Blackline will participate in a fireside chat at 13:25 EST on Tuesday, November 22 and also be available for one-on-one meetings.

A replay of the fireside chat will be available here and on the Investor Relations section of Blackline Safety’s website.

About Blackline Safety

Blackline Safety is a technology leader driving innovation in the industrial workforce through IoT (Internet of Things). With connected safety devices and predictive analytics, Blackline enables companies to drive towards zero safety incidents and improved operational performance. Blackline provides wearable devices, personal and area gas monitoring, cloud-connected software and data analytics to meet demanding safety challenges and enhance overall productivity for organizations with coverage in more than 100 countries. Armed with cellular and satellite connectivity, Blackline provides a lifeline to tens of thousands of people, having reported over 185 billion data-points and initiated over five million emergency alerts. For more information, visit BlacklineSafety.com and connect with us on Facebook, Twitter, LinkedIn and Instagram.

INVESTOR AND ANALYST CONTACTS:
Matt Glover or Jeff Grampp, CFA
Gateway Group, Inc.
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Telephone: +1 949 574 3860

MEDIA CONTACT
Blackline Safety Corp.
Christine Gillies, CMO
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Telephone: +1 403 629 9434