HOUSTON--(BUSINESS WIRE)--Mesa Royalty Trust (the “Trust”) (NYSE: MTR) announced today the Trust income distribution for the month of June 2022. Unitholders of record on June 30, 2022 will receive distributions amounting to $0.149656742 per unit, payable on July 29, 2022. The Trust received $201,622, which came from the New Mexico portion of the Trust’s San Juan Basin properties operated by Hilcorp San Juan LP, an affiliate of Hilcorp Energy Company and $105,910 which came from the Hugoton Royalty properties operated by Scout Energy Group V, LP. No income was received in June 2022 from the Colorado portion of the Trust’s San Juan Basin properties operated by SIMCOE LLC, an affiliate of IKAV Energy Inc. or from the Colorado portion of the Trust’s San Juan Basin properties operated by Red Willow Production Company. This month, after the Trust’s payment of administrative expenses, income from the distributable net profits was $278,899.
The Trust was formed to own an overriding royalty interest of the net proceeds attributable to certain producing oil and gas properties located in the Hugoton field of Kansas and the San Juan Basin fields of New Mexico and Colorado. As described in the Trust's public filings, the amount of the monthly distributions is expected to fluctuate from month to month, depending on the proceeds, if any, received by the Trust as a result of production, oil and natural gas prices and the amount of the Trust’s administrative expenses, among other factors. In addition, as further described in the Trust’s most recent filing on Form 10-Q, distributions to unitholders are expected to be materially reduced during 2022, as the Trust intends to increase cash reserves to a total of $2.0 million to provide added liquidity.
Proceeds reported by the working interest owners for any month are not generally representative of net proceeds that will be received by the Trust in future periods. As further described in the Trust’s Form 10-K and Form 10-Q filings, production and development costs for the royalty interest have resulted in substantial accumulated excess production costs, which will decrease Trust distributions, and in some periods may result in no Trust distributions. The amount of proceeds, if any, received or expected to be received by the Trust (and its ability to pay distributions to unitholders) has been and will continue to be directly affected, among other things, by volatility in the industry and revenues and expenses reported to the Trust by working interest owners. Any additional expenses and adjustments, among other things, will reduce proceeds to the Trust, which will reduce the amount of cash available for distribution to unitholders and in certain periods could result in no distributions to unitholders.
This press release contains forward-looking statements. No assurances can be given that the expectations contained in this press release will prove to be correct. The working interest owners alone control historical operating data, and handle receipt and payment of funds relating to the royalty properties and payments to the Trust for the related royalty. The Trustee cannot assure that errors or adjustments or expenses accrued by the working interest owners, whether historical or future, will not affect future royalty income and distributions by the Trust. Other important factors that could cause these statements to differ materially include delays in actual results of drilling operations, risks inherent in drilling and production of oil and gas properties, declines in commodity pricing, prices received by working interest owners and other risks described in the Trust’s Form 10-K for the year ended December 31, 2021. Statements made in this press release are qualified by the cautionary statements made in such risk factors. The Trust does not intend, and assumes no obligations, to update any of the statements included in this press release. Each unitholder should consult its own tax advisor with respect to its particular circumstances.
Mesa Royalty Trust
The Bank of New York Mellon Trust Company, N.A., as Trustee
Elaina Rodgers
713-483-6020
http://mtr.q4web.com/home/default.aspx
MONTRÉAL--(BUSINESS WIRE)--$NMG #EV--Nouveau Monde Graphite Inc. (“NMG”, “Nouveau Monde” or the “Company”) (NYSE: NMG, TSXV: NOU) held yesterday its hybrid Annual General and Special Meeting of Shareholders (the “Meeting”) from its Phase-1 plant in Saint-Michel-des-Saints, an occasion to showcase its brand-new coating line with a nameplate capacity of 2,000 tonnes per annum (“tpa”). Completing the Company’s integrated anode material production, from ore to battery material, the coating module was built over H1-2022 to complement NMG’s portfolio of advanced materials.
The ultimate beneficiation step, coating is instrumental to battery technology. Coating helps create a stable electrolyte interface layer in the battery system and increase initial coulombic efficiency and discharge capacity, thus extending the battery performance over time. With this addition, NMG now operates the only fully integrated North American natural graphite production and is positioned to provide customers with a variety of customizable high-purity advanced materials to meet their specifications, desired environmental footprint, and quality standards.
Arne H Frandsen, Chair of NMG, said: “NMG’s scaled development plan has reached a significant milestone: Phase 1 now covers the full value chain! From extraction and concentration to advanced processing and battery testing in our laboratory, we have engineered processes, designed operations, and built facilities that demonstrate our proprietary technologies and production capability. This constitutes a springboard for executing our Phase 2 to develop what is projected to be North America’s largest fully integrated natural graphite operation. As an early mover, timing is superb for NMG considering the pressure battery and electric vehicles (“EV”) manufacturers are experiencing due to growth in demand for cleantech and limited raw materials.”
NMG’s innovative coating technology is projected to generate up to 25% energy reduction compared to the dominant manufacturing operations, with a minimal environmental footprint thanks to the Company’s access to clean hydropower and its strong ESG operational parameters. The technology built in this Phase 1 is planned to be replicated and scaled up for the Phase-2 Bécancour Battery Material Plant, for a planned 42,000-tpa production at the commercial level. The Company’s engineering team in collaboration with specialized firms have secured a technology that provides versatility for the use of different precursors as research and development advances.
Cold commissioning of the kiln and utilities is underway with NMG’s and the equipment’s supplier technical team onsite; hot commissioning is expected to start shortly after with the objective of processing the first tonne of material at the beginning of Q3-2022. The Company expects stable production by the end of Q3-2022 to support product qualification, operational optimization, and detailed engineering of the Phase 2 Bécancour Battery Material Plant.
Eric Desaulniers, Founder, President, and CEO of NMG, commented: “I am extremely proud of our team who has delivered a highly technical project safely and on budget amidst a complex environment shaken by logistical turbulences, labor shortages and rising inflation. We are now set to provide a turnkey supply of anode material to our potential customers, reinforcing our active commercial discussions and bringing us one step closer to signing an offtake agreement with a strategic anchor customer.”
Spherical purified graphite (“SPG”) extracted from the Company’s Matawinie deposit and produced through its Phase-1 concentrator, shaping unit and purification facility, will be refined with a nano layer of carbon to qualify the material for anode application. Production of coated spherical purified graphite (“CSPG”) in commercial-like settings, with NMG’s ore, technology and facilities, further advances commercial discussions with potential customers with a view towards the completion of an offtake agreement.
Matters Voted upon at the Meeting and Results
The Company also announced today the results of voting at the Meeting. Each of the seven nominees listed in the Company’s management information circular dated May 12, 2022, provided in connection with the Meeting were elected as directors of the Company.
Shareholders also adopted all other resolutions submitted for their approval, including the appointment of PricewaterhouseCoopers LLP as the auditors of the Company to hold office until the close of the next annual meeting of the Company and the authority given to directors to set its compensation, and the ratification and confirmation of the stock option plan of the Company.
The complete voting results for each item of business are as follows:
ELECTION OF DIRECTORS
Name of Nominee |
Votes in Favor |
% Votes in Favor |
Votes Withheld |
% Votes Withheld |
||||
Daniel Buron |
27,047,382 |
99.38% |
169,213 |
0.62% |
||||
Eric Desaulniers |
27,195,576 |
99.92% |
21,019 |
0.08% |
||||
Arne H Frandsen |
26,278,327 |
96.55% |
938,268 |
3.45% |
||||
Jürgen Köhler |
27,188,195 |
99.90% |
28,400 |
0.10% |
||||
Nathalie Pilon |
27,202,861 |
99.95% |
13,734 |
0.05% |
||||
James Scarlett |
27,034,959 |
99.33% |
181,636 |
0.67% |
||||
Andrew Willis |
27,164,762 |
99.81% |
51,833 |
0.19% |
APPOINTMENT AND COMPENSATION OF AUDITORS
Votes in Favor |
% Votes in Favor |
Votes Withheld |
% Votes Withheld |
|||
30,130,892 |
99.81% |
56,359 |
0.19% |
RATIFICATION AND CONFIRMATION OF THE COMPANY’S STOCK OPTION PLAN
Votes in Favor |
% Votes in Favor |
Votes Against |
% Votes Against |
|||
26,120,204 |
95.97% |
1,096,391 |
4.03% |
Details of the voting results on all matters considered at the Meeting are available in the Company’s report of voting results, which is available under Nouveau Monde’s profile on SEDAR at www.sedar.com and on EDGAR at www.sec.gov.
About Nouveau Monde Graphite
Nouveau Monde Graphite is striving to become a key contributor to the sustainable energy revolution. The Company is working towards developing a fully integrated source of carbon-neutral battery anode material in Québec, Canada for the growing lithium-ion and fuel cell markets. With low-cost operations and enviable ESG standards, NMG aspires to become a strategic supplier to the world’s leading battery and automobile manufacturers, providing high-performing and reliable advanced materials while promoting sustainability and supply chain traceability. www.NMG.com
Subscribe to our news feed: https://NMG.com/investors/#news
Cautionary Note Regarding Forward-Looking Information
All statements, other than statements of historical fact, contained in this press release including, but not limited to those describing the impact of the foregoing on the project economics, the intended production capacity of the Company’s Phase-2 operations, the potential results and benefits of the Company’s proprietary coating technology, including the potential reduction in energy consumption, the timelines of the various initiatives and deliverables described in this press release, future demand for batteries and EVs, the objective of developing the largest fully integrated natural graphite operation in North America, and those statements which are discussed under the “About Nouveau Monde” paragraph and elsewhere in the press release which essentially describe the Company’s outlook and objectives, constitute “forward-looking information” or “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of Canadian and United States securities securities laws, and are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect. Moreover, these forward-looking statements were based upon various underlying factors and assumptions, including the current technological trends, the business relationship between the Company and its stakeholders, the ability to operate in a safe and effective manner, the timely delivery and installation of the equipment supporting the production, the Company’s business prospects and opportunities and estimates of the operational performance of the equipment, and are not guarantees of future performance.
Forward-looking statements are subject to known or unknown risks and uncertainties that may cause actual results to differ materially from those anticipated or implied in the forward-looking statements. Risk factors that could cause actual results or events to differ materially from current expectations include, among others, delays in the scheduled delivery times of the equipment, the ability of the Company to successfully implement its strategic initiatives and whether such strategic initiatives will yield the expected benefits, the availability of financing or financing on favorable terms for the Company, the dependence on commodity prices, the impact of inflation on costs, the risks of obtaining the necessary permits, the operating performance of the Company’s assets and businesses, competitive factors in the graphite mining and production industry, changes in laws and regulations affecting the Company’s businesses, political and social acceptability risk, environmental regulation risk, currency and exchange rate risk, technological developments, the impacts of the global COVID-19 pandemic and the governments’ responses thereto, and general economic conditions, as well as earnings, capital expenditure, cash flow and capital structure risks and general business risks. A further description of risks and uncertainties can be found in NMG’s Annual Information Form dated March 22, 2022, including in the section thereof captioned “Risk Factors”, which is available on SEDAR at www.sedar.com and on EDGAR at www.sec.gov. Unpredictable or unknown factors not discussed in this Cautionary Note could also have material adverse effects on forward-looking statements.
Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are provided for the purpose of providing information about management’s expectations and plans relating to the future. The Company disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.
The market and industry data contained in this press release is based upon information from independent industry publications, market research, analyst reports and surveys and other publicly available sources. Although the Corporation believes these sources to be generally reliable, market and industry data is subject to interpretation and cannot be verified with complete certainty due to limits on the availability and reliability of raw data, the voluntary nature of the data-gathering process and other limitations and uncertainties inherent in any survey. The Corporation has not independently verified any of the data from third-party sources referred to in this press release and accordingly, the accuracy and completeness of such data is not guaranteed.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Further information regarding the Company is available in the SEDAR database (www.sedar.com), and for United States readers on EDGAR (www.sec.gov), and on the Company’s website at: www.NMG.com
MEDIA
Julie Paquet
VP Communications & ESG Strategy
+1-450-757-8905 #140
This email address is being protected from spambots. You need JavaScript enabled to view it.
INVESTORS
Marc Jasmin
Director, Investor Relations
+1-450-757-8905 #993
This email address is being protected from spambots. You need JavaScript enabled to view it.
Awards provide best value, economic impact, and S/MWBE inclusion
HOUSTON--(BUSINESS WIRE)--Today, the Port Commission of the Port of Houston Authority met in a special session and awarded two of the largest contracts in the organization’s history. The Commission approved the staff’s recommendation to award Weeks Marine and Curtin Maritime Corporation contracts totaling $430 million to complete the remaining Galveston Bay segments of the Houston Ship Channel expansion project.
“It’s an exciting day for Port Houston and the entire region and the millions of people who rely on the Houston Ship Channel for their livelihood and to bring them essential goods,” Chairman Ric Campo said. “One of today’s contracts to support Houston Ship Channel Expansion – Project 11 is historic and, to our knowledge, the largest award ever made.”
Port Houston staff recommended Weeks Marine and Curtin Maritime Corporation based on the best value, including cost, schedule, environmental components, and Small, Minority and Woman-owned Business Enterprises (S/MWBE) inclusion.
“The teams recommended were the top proposers in all of these areas – best schedules, lowest costs and estimated NOx emissions, and most S/MWBE inclusion,” Executive Director Roger Guenther said in his report. “Nearly 32% of the contracts will go to S/MWBE companies furthering our commitment to business equity, which is a priority for Port Houston.”
Also noteworthy, nearly 52% of the contract amounts are dedicated to the creation of marshes, bird islands and oyster reefs.
Both Campo and Guenther expressed appreciation to all involved in the historic collaborative effort, especially the U.S. Army Corps of Engineers (USACE), the Houston Pilots, and industry partners.
According to the USACE, the Houston Ship Channel is the busiest waterway in the nation. Port Houston’s eight public terminals and more than 200 private facilities have an economic impact of nearly $802 billion in annual activity to the nation, and support more than 2.1 million U.S. jobs.
Project 11 is 82% funded, and efforts continue to secure the remaining federal funds. When complete, the USACE study shows Project 11 should add more than $133 million annually in national economic value.
The Port Commission approved all of the items on the agenda, totaling $450 million supporting the channel expansion efforts.
“The Houston Ship Channel is vital in our region and we are proud to continue to invest in our collective future,” Chairman Campo said.
Last month, during its regular meeting, the Port Commission also awarded approximately $30 million towards continued investments in landside infrastructure and terminal operations.
About Port Houston
For more than 100 years, Port Houston has owned and operated the public wharves and terminals along the Houston Ship Channel, including the area’s largest breakbulk facility and two of the most efficient container terminals in the country. Port Houston is the advocate and a strategic leader for the Channel. The Houston Ship Channel complex and its more than 200 public and private terminals, collectively known as the Port of Houston, is the nation’s largest port for waterborne tonnage and an essential economic engine for the Houston region, the state of Texas and the U.S. The Port of Houston supports the creation of nearly 1.35 million jobs in Texas and 3.2 million jobs nationwide, and economic activity totaling $339 billion in Texas – 20.6 percent of Texas’ total gross domestic product (GDP) – and $801.9 billion in economic impact across the nation. For more information, visit the website at PortHouston.com.
Lisa Ashley-Daniels, Director, Media Relations, Office: 713-670-2644; Mobile: 832-247-8179; E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Low-emission, Natural Gas-fueled Solution Supports Customer’s Reliability and Environmental Goals
VAN NUYS, Calif.--(BUSINESS WIRE)--$CGRN #capstone--Capstone Green Energy Corporation (NASDAQ: CGRN), a global leader in carbon reduction and on-site resilient green energy solutions, announced that Horizon Power Systems, Capstone's exclusive distributor for the Rocky Mountain States, Oklahoma, Arizona, and Western Provinces of Canada, has secured an order for two C200S high-pressure natural gas systems from a Canadian firm that provides mobile power to upstream oil and gas sites.
"With climate change becoming a larger factor in business strategy, the oil and gas industry is looking for cleaner, cost-effective, and reliable power alternatives," said Darren Jamison, President and Chief Executive Officer of Capstone Green Energy. "Capstone's microturbine technology provides a significant opportunity to help companies in any number of industries do better for the environment while maintaining their bottom line with cost-effective solutions," added Mr. Jamison.
Committed to leading the industry away from higher emission diesel power, the customer selected Capstone's microturbine technology for its low-emission, high-efficiency performance using clean-burning natural gas as a fuel. Other important factors included the systems' high reliability and low maintenance requirements, particularly in remote, off-grid locations. The microturbines can also be easily integrated into utility power or microgrids where and when needed, given their range of power outputs. Eliminating the need to truck diesel fuel into well sites reduces costs and lowers emissions, while the microturbines' quiet operation makes for a more pleasant environment.
The systems are expected to be operational in the third quarter of 2022. This is the first order Capstone has secured where the customer purchased the microturbine units to rent to its own oil and gas customers. The units will likely be installed at remote well sites and are sufficiently rugged and reliable for use in harsh Canadian weather conditions and environments.
"Our customer is committed to providing clean and reliable mobile power fueled by natural gas rather than environmentally unfriendly diesel," said Sam Henry, President of Horizon Power Systems. "Capstone clean energy microturbine-based systems are the ideal power source to help the company fulfill its promise to customers," concluded Mr. Henry.
About Horizon Power Systems
For over 20 years, Horizon Power Systems has worked exclusively with Capstone Green Energy to provide microturbine systems across the Rocky Mountain region in the United States and Western Canada. Its approximately 800 installed microturbines have logged millions of documented runtime operating hours. The Horizon Power System's team takes a total systems approach when determining a client's energy requirements to provide an engineered microturbine power system that fulfills unique energy needs. The company specializes in combined heat and power systems, trigeneration, microgrid power, and prime power.
About Capstone Green Energy
Capstone Green Energy (NASDAQ: CGRN) is a leading provider of customized microgrid solutions and on-site energy technology systems focused on helping customers around the globe meet their environmental, energy savings, and resiliency goals. Capstone Green Energy focuses on four key business lines. Through its Energy as a Service (EaaS) business, it offers rental solutions utilizing its microturbine energy systems and battery storage systems, comprehensive Factory Protection Plan (FPP) service contracts that guarantee life-cycle costs, as well as aftermarket parts. Energy Generation Technologies (EGT) are driven by the Company's industry-leading, highly efficient, low-emission, resilient microturbine energy systems offering scalable solutions in addition to a broad range of customer-tailored solutions, including hybrid energy systems and larger frame industrial turbines. The Energy Storage Solutions (ESS) business line designs and installs microgrid storage systems creating customized solutions using a combination of battery technologies and monitoring software. Through Hydrogen & Sustainable Products (H2S), Capstone Green Energy offers customers a variety of hydrogen products, including the Company's microturbine energy systems.
For customers with limited capital or short-term needs, Capstone offers rental systems; for more information, contact: This email address is being protected from spambots. You need JavaScript enabled to view it.. To date, Capstone has shipped over 10,000 units to 83 countries and estimates that, in FY21, it saved customers over $217 million in annual energy costs and approximately 397,000 tons of carbon. Total savings over the last three full fiscal years are estimated to be approximately $698 million in energy savings and approximately 1,115,100 tons of carbon savings.
For more information about the Company, please visit www.CapstoneGreenEnergy.com. Follow Capstone Green Energy on Twitter, LinkedIn, Instagram, Facebook, and YouTube.
Cautionary Note Regarding Forward-Looking Statements
This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements regarding expectations for green initiatives and execution on the Company's growth strategy and other statements regarding the Company's expectations, beliefs, plans, intentions, and strategies. The Company has tried to identify these forward-looking statements by using words such as "expect," "anticipate," "believe," "could," "should," "estimate," "intend," "may," "will," "plan," "goal" and similar terms and phrases, but such words, terms and phrases are not the exclusive means of identifying such statements. Actual results, performance and achievements could differ materially from those expressed in, or implied by, these forward-looking statements due to a variety of risks, uncertainties and other factors, including, but not limited to, the following: the ongoing effects of the COVID-19 pandemic; the availability of credit and compliance with the agreements governing the Company's indebtedness; the Company's ability to develop new products and enhance existing products; product quality issues, including the adequacy of reserves therefor and warranty cost exposure; intense competition; financial performance of the oil and natural gas industry and other general business, industry and economic conditions; the Company's ability to adequately protect its intellectual property rights; and the impact of pending or threatened litigation. For a detailed discussion of factors that could affect the Company's future operating results, please see the Company's filings with the Securities and Exchange Commission, including the disclosures under "Risk Factors" in those filings. Except as expressly required by the federal securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, changed circumstances or future events or for any other reason.
Capstone Green Energy
Investor and investment media inquiries:
818-407-3628
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Training in Energy Efficiency, Electrification and Decarbonization Gives Architects, Engineers, Building Maintenance Professionals, HVAC Technicians and Others a Competitive Advantage
OAKLAND, Calif.--(BUSINESS WIRE)--Please replace the release dated June 13, 2022 with the following corrected version due to updated links in the second and sixth paragraphs.
The updated release reads:
PG&E’S ENERGY TRAINING CENTERS OFFER FREE EDUCATIONAL RESOURCES
Training in Energy Efficiency, Electrification and Decarbonization Gives Architects, Engineers, Building Maintenance Professionals, HVAC Technicians and Others a Competitive Advantage
With California’s burgeoning energy efficiency, electrification and decarbonization workforce expected to grow at least 8 percent in coming years, Pacific Gas and Electric Company (PG&E) is helping ensure current and future workers are ready to succeed.
Through PG&E Energy Training Centers, California clean energy workers and jobseekers can access more than 400 educational resources to help expand their technical skills.
Programs include live, online energy efficiency classes led by experts in fields such as architecture, construction, maintenance, and homebuilding. The courses provide training in new technology and practical skills architects, engineers, HVAC technicians and others can apply on their jobs immediately.
“We are proud to provide those who design, build and operate buildings in California with a broad range of no-cost, high-quality training experiences that will help them participate to their fullest potential in achieving California's climate goals, expand their skills and advance along their own career pathway,” said Angela McDonald, Workforce Education & Training Manager
New courses added this year expand training on the benefits of electrification and advanced electric technology such as pump water heating, induction cooking and heat pump space heating and cooling.
Anyone can sign up for a free online course by visiting the Energy Centers catalog of classes.
The Energy Centers also offer resources for K-12 school programs, training to obtain certifications, and a free tool lending library for specific projects.
For more information, please contact This email address is being protected from spambots. You need JavaScript enabled to view it..
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.
MEDIA RELATIONS:
415-973-5930
TULSA, Okla.--(BUSINESS WIRE)--Helmerich & Payne, Inc. (NYSE: HP) today announced that John Lindsay, President and Chief Executive Officer; Mark Smith, Senior Vice President and Chief Financial Officer; Mike Lennox, Senior Vice President of U.S. Land Operations; and Dave Wilson, Vice President of Investor Relations; are scheduled to participate in meetings with investors at the J.P. Morgan 2022 Energy, Power & Renewables Conference in New York City on both Wednesday and Thursday, June 22-23, 2022. Mr. Lindsay will participate in an analyst Q&A session on behalf of the Company on Thursday, June 23, 2022, at 10:20 a.m. U.S. ET.
Investor slides to be used during the conferences are available for download on the company’s website, within Investors, under Presentations.
About Helmerich & Payne, Inc.
Founded in 1920, Helmerich & Payne, Inc. is committed to delivering industry leading drilling productivity and reliability. H&P operates with the highest level of integrity, safety and innovation to deliver superior results for our customers and returns for shareholders. Through its subsidiaries, the Company designs, fabricates and operates high-performance drilling rigs in conventional and unconventional plays around the world. H&P also develops and implements advanced automation, directional drilling and survey management technologies. For more information, visit www.helmerichpayne.com.
Helmerich & Payne uses its website as a channel of distribution for material company information. Such information is routinely posted and accessible on its Investor Relations website at www.helmerichpayne.com.
IR Contact:
Dave Wilson, Vice President of Investor Relations
918-588-5190
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BURLINGTON, Ontario--(BUSINESS WIRE)--Anaergia Inc. (“Anaergia” or the “Company”) (TSX: ANRG) announced today the results of voting at its annual meeting of shareholders held on June 17, 2022 (the “Meeting”). Each of the matters voted upon at the Meeting as set out below is described in greater detail in the Notice of Annual Meeting of Shareholders and Management Information Circular of Anaergia dated May 5, 2022 (the “Circular”).
There were present at the meeting registered shareholders and proxy holders holding or authorized to vote 18,132,849 subordinate voting shares (carrying one vote per share), being 56.71% of the issued and outstanding subordinate voting shares of Anaergia, and one registered shareholder authorized to vote 32,222,369 multiple voting shares (carrying four votes per share), being 100% of the issued and outstanding multiple voting shares of Anaergia.
Election of Directors
Each of the nominee directors listed in the Company’s Circular was elected as a director. The voting results for the seven directors nominated for election are set forth in the table below:
Name of Nominee |
Votes For
|
% |
Votes Withheld
|
% |
||||
Dr. Andrew Benedek |
143,245,095 |
97.57% |
3,572,592 |
2.43% |
||||
Dr. Diana Mourato Benedek |
142,624,481 |
97.14% |
4,193,206 |
2.86% |
||||
Peter Gross |
143,407,464 |
97.68% |
3,410,223 |
2.32% |
||||
Francis J. McKenna |
137,948,101 |
93.96% |
8,869,586 |
6.04% |
||||
Douglas Fridrik Parkhill |
143,022,912 |
97.42% |
3,794,775 |
2.58% |
||||
Alan Viterbi |
143,318,041 |
97.62% |
3,499,646 |
2.38% |
||||
Richard Chow |
143,175,619 |
97.52% |
3,642,068 |
2.48% |
Appointment of Auditors
KPMG LLP was appointed as auditor of Anaergia and the directors were authorized to fix the auditor’s remuneration by a resolution passed by a majority of the shareholders represented by proxy at the Meeting. The following represents the votes received with regard to such matter:
Votes For (Aggregate) |
% |
Votes Withheld (Aggregate) |
% |
|||
147,017,671 |
100.00% |
4,654 |
0.00% |
About Anaergia
Anaergia was created to eliminate a major source of greenhouse gases by cost effectively turning organic waste into renewable natural gas (RNG), fertilizer and water, using proprietary technologies. With a proven track record from delivering world-leading projects on four continents, Anaergia is uniquely positioned to provide end-to-end solutions for extracting organics from waste, implementing high efficiency anaerobic digestion, upgrading biogas, producing fertilizer and cleaning water. Our customers are in the municipal solid waste, municipal wastewater, agriculture, and food processing industries. In each of these markets Anaergia has built many successful plants including some of the largest in the world. Anaergia owns and operates some of the plants it builds, and it also operates plants that are owned by its customers.
For further information please see: www.anaergia.com
Source: Anaergia Inc.
For media relations please contact: Melissa Bailey, Director, Marketing & Corporate Communications, This email address is being protected from spambots. You need JavaScript enabled to view it.
For investor relations please contact: This email address is being protected from spambots. You need JavaScript enabled to view it.
NORMAL, Ill.--(BUSINESS WIRE)--Rivian today announced plans for a large-scale wind turbine at its Normal manufacturing campus that is intended to provide clean energy to enable new R1 vehicles to be powered by renewables for their first charge.
Earlier this year, at the plant’s outbound charging yard, Rivian installed a 783-kilowatt solar canopy that is scheduled to begin generating electricity later this summer.
The wind turbine project supports the company’s long-term renewable energy vision of developing high-impact projects that reduce its carbon footprint while also benefiting customers, communities, and the electrical grid.
The turbine is designed for a capacity of at least 2.8 megawatts and to be capable of generating nearly 10 million kilowatt-hours of electricity a year – enough to power 890 average US homes. Over its 25-year lifetime, it could avoid around 177,000 tons of carbon dioxide equivalent emissions – the equivalent of taking roughly 34,000 internal combustion engine vehicles off the road for one year.
“To us, our job isn’t done when our vehicles come off the line,” said Andrew Peterman, Rivian Director of Renewable Energy. “While we’re working hard to help electrify transportation, we’re also pushing to accelerate the shift to carbon-free electricity for all. This wind turbine is an early step on that path, and it’s also a beacon of our vision for a clean energy future.”
To construct the turbine, Rivian is partnering with Apex Clean Energy, a Virginia-based renewable energy development company with projects across the United States, including 500 megawatts of wind in Illinois.
Rivian submitted a permit application to the Town of Normal, Illinois, in June, and the Town’s Planning Commission will consider approval this summer.
The proposed wind turbine would be less than 510 feet tall, with white, non-reflective blades. The planned site is on the east side of Rivian’s manufacturing campus, inside the vehicle test track. To identify an appropriate location, Rivian commissioned studies on potential impacts from sound and shadow flicker and to threatened and endangered species, cultural resources and communication systems. Sound is estimated to average 35 decibels and reach a maximum of 42 decibels – about the level of a refrigerator.
The wind project aligns with Rivian’s strategy of adding renewable resources to parts of the country that need them most. Illinois’ grid is powered by 11% renewables.
Rivian has signed the Climate Pledge to reach net-zero carbon emissions by 2040, 10 years ahead of the Paris Agreement. The company has also set ambitious internal targets along the way.
About Rivian
Rivian exists to create products and services that help our planet transition to carbon neutral energy and transportation. Rivian designs, develops, and manufactures category-defining electric vehicles and accessories and sells them directly to customers in the consumer and commercial markets. Rivian complements its vehicles with a full suite of proprietary, value-added services that address the entire lifecycle of the vehicle and deepen its customer relationships. Learn more about the company, products, and careers at rivian.com.
Investors
Tim Bei
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Media
Amy Mast
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TUCSON, Ariz.--(BUSINESS WIRE)--Tucson Electric Power (TEP) is seeking updated rates in late 2023 to support safe, reliable service and its transition to cleaner energy. The proposed rates would cover the cost of new wind and solar energy resources, grid improvements, technology and security upgrades and other key investments that support service reliability, including:
TEP’s request, filed today with the Arizona Corporation Commission (ACC), would increase the average monthly bills of typical residential customers by 11.7 percent, or $14.22, over current levels starting in September 2023. That change would vary with usage, and customers will be able to mitigate the impact through energy efficiency and Time-of-Use pricing plans that offer lower rates during off-peak periods.
TEP has effectively managed its costs amid rising prices for equipment, parts, construction materials and other necessities since 2018, the year upon which current rates are based. The company’s operations and maintenance (O&M) costs increased just 2.4 percent annually, on average, from 2018 through 2021 despite average annual inflation of 3.6 percent during that period.
“The cost of providing safe, reliable service is increasing rapidly as inflation exacerbates the impacts of supply chain challenges, regional energy capacity constraints and extreme weather events,” said Susan Gray, TEP’s President and CEO. “Our proposed rates are needed to support systems and infrastructure that protect and upgrade our grid, expand our use of cleaner energy and help us serve the expanding energy needs of our growing community.”
Peak energy demand on TEP’s local energy grid has increased by 5.7 percent since 2019, driven by record heat events and the addition of more than 14,000 new homes and businesses to its customer base over the past three years. The cost of fuel and wholesale energy also has increased significantly in recent years, driving up expenses that, like O&M costs, are passed along to customers without any markup.
Supporting Cleaner Energy
TEP’s proposed rates support investments that will help the company manage long-term energy costs through increased use of wind and solar power systems that will generate 70 percent of its power by 2035. They also support the company’s plan to ramp down and ultimately retire its two units at the coal-fired Springerville Generating Station in eastern Arizona in 2027 and 2032. Those steps will help TEP end its use of coal and achieve an 80 percent reduction in carbon dioxide emissions by 2035, key objectives articulated in its 2020 Integrated Resource Plan, which the ACC acknowledged as being in the public interest.
TEP also is proposing more gradual recovery of anticipated costs related to its transition to cleaner energy. This proposal would support the development of wind farms, solar arrays, battery storage systems and other investments that help reduce our community’s carbon footprint. Allowing these costs to be passed along as they occur will mitigate the larger impacts that result from accumulations over longer periods between rate requests.
Assisting Customers
The proposed rates will increase the Lifeline discount from $18 to $20 per month for customers whose household income does not exceed 200 percent of the federal poverty level. They also would eliminate TEP transaction fees for most credit card payments from residential and small business customers as well as for cash payments made at third-party payment processors.
TEP has supported customers and our community during the ongoing pandemic through increased philanthropic giving, delayed recovery of higher energy expenses, direct bill credits and a campaign to connect qualifying customers to expanded federal aid and other bill payment assistance – efforts that have included door-to-door visits. Including all federal funding, contributions and other resources, TEP has directed nearly $33 million in assistance to customers and our community since 2020.
“We know our community has faced real challenges over these past few years because we’ve been there with support every step of the way,” Gray said. “Our systems and employees have delivered admirable reliability and strong service for customers throughout this extraordinarily difficult period. I am very proud of our company’s performance in living up to our values and the expectations of our customers.”
Additional information about TEP’s rate proposal is available online at tep.com/rate-proposal. Images and video clips showing some of the recent upgrades that would be reflected in the proposed rates are available online at tep.com/key-investments-gallery/.
TEP provides safe, reliable electric service to more than 438,000 customers in Southern Arizona. For more information, visit tep.com. TEP and its parent company, UNS Energy, are subsidiaries of Fortis Inc. (TSX/NYSE: FTS), a leader in the North American electric and gas utility business, with regulated utilities that serve more than 3.4 million customers across Canada and in the United States and the Caribbean. For more information, visit fortisinc.com.
Joseph Barrios
(520) 884-3725
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HOUSTON--(BUSINESS WIRE)--PNC Bank, National Association, as the trustee (the “Trustee”) of the San Juan Basin Royalty Trust (the “Trust”) (NYSE: SJT), today declared a monthly cash distribution to the holders (the “Unit Holders”) of its units of beneficial interest (the “Units”) of $5,202,132.35 or $0.111613 per Unit, based primarily upon the reported production of the Trust’s subject interests (the “Subject Interests”) during the month of April 2022. The distribution is payable July 15, 2022, to the Unit Holders of record as of June 30, 2022.
For the production month of April 2022, the owner of the Subject Interests, Hilcorp San Juan L.P. and the operator of the Subject Interests, Hilcorp Energy Company (collectively, “Hilcorp”), reported to the Trust net profits of $7,136,834 ($5,352,626 net royalty amount to the Trust).
Hilcorp reported $10,495,301 of total revenue from the Subject Interests for the production month of April 2022. For the Subject Interests, Hilcorp reported $3,358,467 of production costs for the production month of April 2022, consisting of $2,020,933 of lease operating expense, $1,329,353 of severance taxes and $8,182 of capital costs.
Based upon the information that Hilcorp provided to the Trust, gas volumes for the Subject Interests for April 2022 totaled 2,098,999 Mcf (2,332,221 MMBtu), as compared to 2,168,531 Mcf (2,409,479 MMBtu) for March 2022. Dividing revenues by production volume yielded an average gas price for April 2022 of $4.82 per Mcf ($4.34 per MMBtu), as compared to an average gas price for March 2022 of $4.15 per Mcf ($3.73 per MMBtu).
Production from the Subject Interests continues to be gathered, processed, and sold under market sensitive and customary agreements, as recommended for approval by the Trust’s Consultant. The Trustee continues to engage with Hilcorp regarding its ongoing accounting and reporting to the Trust, and the Trust’s third-party compliance auditors continue to audit payments made by Hilcorp to the Trust, inclusive of sales revenues, production costs, capital expenditures, adjustments, actualizations, and recoupments. The Trust’s auditing process has also included detailed analysis of Hilcorp’s pricing and rates charged. As previously disclosed in the Trust’s filings, these revenues and costs (along with all costs) are the subject of the Trust’s ongoing comprehensive audit process by our professional consultants and outside counsel to ensure full compliance with all the underlying operative Trust agreements and evaluating all available potential remedies in the event there is evidence of non-compliance.
Except for historical information contained in this news release, the statements in this news release are forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements generally are accompanied by words such as “estimates,” “anticipates,” “could,” “plan,” or other words that convey the uncertainty of future events or outcomes. Forward-looking statements and the business prospects of San Juan Basin Royalty Trust are subject to a number of risks and uncertainties that may cause actual results in future periods to differ materially from the forward-looking statements. These risks and uncertainties include, among other things, certain information provided to the Trust by Hilcorp, volatility of oil and gas prices, governmental regulation or action, litigation, and uncertainties about estimates of reserves. These and other risks are described in the Trust’s reports and other filings with the Securities and Exchange Commission.
San Juan Basin Royalty Trust
PNC Bank, National Association
PNC Asset Management Group
2200 Post Oak Blvd., Floor 18
Houston, TX 77056
website: www.sjbrt.com
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James R. Wilharm, Senior Vice President and Director of Trust Real Estate Services
Kaye Wilke, Investor Relations, toll-free: (866) 809-4553
BOGOTA, Colombia--(BUSINESS WIRE)--GeoPark Limited (NYSE: GPRK) (the “Company”) today announced that it has received the requisite consents in connection with its previously announced solicitation of consents (the “Consent Solicitation”) from holders of its 5.500% Senior Notes due 2027 (the “2027 Notes”). The Consent Solicitation was made pursuant to a Consent Solicitation Statement, dated June 8, 2022 (as amended, supplemented or otherwise modified, the “Consent Solicitation Statement”). The proposed amendments (the “Proposed Amendments”) to the indenture (the “Indenture”) governing the 2027 Notes intend to (i) address the impact of adverse market conditions and related drop in the price of crude oil during 2020 on the Company’s results, which in turn negatively impacted the restricted payments builder basket as currently in effect, and (ii) increase and reset the general restricted payments basket in the Indenture to provide the Company additional restricted payments capacity, which will give the Company additional financial flexibility that is aligned to its improved performance beginning in 2021. Full details of the terms and conditions of the Consent Solicitation, including the Proposed Amendments, were included in the Consent Solicitation Statement.
The Company has been advised that it has received consents from holders of at least a majority of the aggregate principal amount of the 2027 Notes (not including any 2027 Notes held by the Company or any of its affiliates) (the “Requisite Consents”). In connection with the receipt of the Requisite Consents, the Company expects to execute a supplemental indenture to the Indenture to effect the Proposed Amendments with respect to the 2027 Notes on June 21, 2022. The Company will make a cash payment equal to $10.00 per $1,000 principal amount of 2027 Notes (the “Consent Fee”) to holders of the 2027 Notes on the applicable record date that delivered their consents prior to June 17, 2022 at 5:00 p.m., New York City time (the “Expiration Time”) and did not revoke such consents. The Company expects to pay the Consent Fee on June 27, 2022. No Consent Fee will be paid to any holder of the 2027 Notes unless such holder delivered (and did not revoke) a consent in accordance with the terms of the Consent Solicitation Statement prior to the Expiration Time. The supplemental indenture will become effective upon its execution and delivery by the Company and the trustee but will provide that the Proposed Amendments will not become operative until the Company has paid the Consent Fee in full.
Credit Suisse Securities (USA) LLC acted as solicitation agent for the Consent Solicitation and D.F. King & Co., Inc. acted as the information agent, tabulation agent and paying agent for the Consent Solicitation.
Neither the Consent Solicitation nor any related documents have been filed with the U.S. Securities and Exchange Commission, nor have any such documents been filed with or reviewed by any federal or state securities commission or regulatory authority of any country. No authority has passed upon the accuracy or adequacy of the Consent Solicitation Statement or any related documents, and it is unlawful and may be a criminal offense to make any representation to the contrary.
The Consent Solicitation was made solely on the terms and conditions set forth in the Consent Solicitation Statement. Under no circumstances shall this press release constitute an offer to buy or the solicitation of an offer to sell the 2027 Notes or any other securities of the Company or any of its affiliates. The Consent Solicitation has not been made to, nor has the Company accepted deliveries of consents from, holders in any jurisdiction in which the Consent Solicitation or the acceptance thereof would not have been in compliance with the securities or blue sky laws of such jurisdiction. This press release is also not a solicitation of consents to effect the Proposed Amendments.
ABOUT GEOPARK
GeoPark is a leading independent oil and natural gas exploration and production company with operations in Latin America and a proven track record of growth in production and reserves since 2006. GeoPark operates in Colombia, Chile, Brazil and Ecuador.
CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often are preceded by words such as “believes,” “expects,” “may,” “anticipates,” “plans,” “intends,” “assumes,” “will” or similar expressions. The forward-looking statements contained herein include statements about the consent solicitation. These expectations may or may not be realized. Some of these expectations may be based upon assumptions or judgments that prove to be incorrect. In addition, GeoPark’s business and operations involve numerous risks and uncertainties, many of which are beyond the control of GeoPark, which could result in GeoPark’s expectations not being realized or otherwise materially affect the financial condition, results of operations and cash flows of GeoPark. Some of the factors that could cause future results to materially differ from recent results or those projected in forward-looking statements are described in GeoPark’s filings with the United States Securities and Exchange Commission.
The forward-looking statements are made only as of the date hereof, and GeoPark does not undertake any obligation to (and expressly disclaims any obligation to) update any forward-looking statements to reflect events or circumstances after the date such statements were made, or to reflect the occurrence of unanticipated events. In light of the risks and uncertainties described above, and the potential for variation of actual results from the assumptions on which certain of such forward-looking statements are based, investors should keep in mind that the results, events or developments disclosed in any forward-looking statement made in this document may not occur, and that actual results may vary materially from those described herein, including those described as anticipated, expected, targeted, projected or otherwise.
INVESTORS:
Stacy Steimel
Shareholder Value Director
T: +562 2242 9600
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Miguel Bello
Market Access Director
T: +562 2242 9600
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Investor Relations Director
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MISSISSAUGA, Ontario--(BUSINESS WIRE)--Schneider Electric, the leader in the digital transformation of energy management and automation, today announced that it has received 5-Star ratings from CRN®, a brand of The Channel Company, in its 2022 Partner Program Guide for three partner programs: The mySchneider Panel Builder Program, mySchneider Contractor Program and mySchneider Consultants, Designers and Engineers program.
CRN’s annual Partner Program Guide provides a definitive list of the most outstanding partner programs from industry-leading technology vendors that provide innovative products and flexible services through the IT channel. The 5-star rating is achieved only by select vendors that deliver outstanding services, going above and beyond in their partner programs to help push growth and positive change.
The three programs that have received 5-star ratings include:
Sylvain Frodé De La Forêt Senior Vice President, Europe & International Hub, Power Products, Schneider Electric said: “Our partners are an extremely valued part of our ecosystem at Schneider Electric. We’re honored to be recognized with a 5-star rating in this year’s CRN Partner Program Guide for three of our partner programs. The mySchneider Partner Program encourages transformative and collaborative solutions within Schneider Electric’s energy management ecosystem, including curated content for partners.”
“We’ve seen a steady year on year growth with our programs, now with 33 per cent more monthly active users. Our programs are designed with insights and feedback from our partners and will continue to evolve in line with the ever-changing decarbonization needs of our partner’s customers. We at Schneider Electric reaffirm our commitment to provide open, simple to deploy, and digital solutions to drive sustainability and efficiency, enabling industry-wide collaboration and partnerships in the New Electric World.”
Schneider Electric is committed to work with its channel partners for the future around the globe to ensure they are equipped with the necessary tools needed to drive growth and success for their business on their digital transformation.
About Schneider Electric
Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.
Our mission is to be your digital partner for Sustainability and Efficiency.
We drive digital transformation by integrating world-leading process and energy technologies, endpoint to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.
We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.
Discover Life Is On Follow us on: Twitter, Facebook, LinkedIn, YouTube, Instagram, Blog
Discover the newest perspectives shaping sustainability, electricity 4.0, and next generation automation on Schneider Electric Insights
Media Relations - Edelman on behalf of Schneider Electric, Juan Pablo Guerrero, Phone: +1 416 875 7173, Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
BASEL, Switzerland--(BUSINESS WIRE)--Syngenta Group today announced succession plans for its leadership team. Jeff Rowe, currently President, Global Seeds, will take over the leadership of Syngenta Crop Protection, effective July 1, 2022. His former role will be assumed by Justin Wolfe, currently Regional Director North America Seeds. As members of the Group Leadership Team, the two will report to CEO Erik Fyrwald. Jeff will relocate to Basel, Switzerland; Justin will continue to be based in Downers Grove, Illinois, USA.
Jon Parr, President, Global Crop Protection, will retire on September 30, after a 35-year tenure at the company, including the last seven years as head of the global crop protection business.
“I would like to thank Jon for his many achievements, steering the business and the team successfully through the pandemic and unprecedented supply chain challenges. During Jon’s tenure, Syngenta Crop Protection has grown back into the global market leader and has become a leader in biologicals and innovation,” said Syngenta Group CEO Erik Fyrwald. “At the same time, I am excited to have Jeff and Justin taking on their important new roles, building on our momentum to drive further growth of the Crop Protection and Seeds businesses and advancing our commitment to regenerative agriculture.”
Jeff Rowe was instrumental for the successful turnaround of the Seeds business, with outstanding growth and return to profitability. Most recently, he has spearheaded Syngenta Group’s efforts into regenerative agriculture and soil health. Prior to joining Syngenta in 2016, Jeff served in several leadership roles at DuPont Pioneer over a 20-year period. He has nearly 30 years’ diverse experience as an agriculture leader.
Justin Wolfe’s leadership and focus on strong commercial execution were key to significant business growth and market share gains in North America. He joined Syngenta in 2018 as Regional Director EAME Seeds, where he successfully led the creation of the specialized Seeds business. Prior to joining Syngenta, Justin had a strong track record with Monsanto over 20 years, holding roles in operations, strategy, sales and marketing, including Vice President, Europe and Middle East Commercial Operations.
With increasing ambitions for Syngenta Group’s Vegetable Seeds and Flowers business, Matthew Johnston will continue in his current global role as Head of Vegetable Seeds and Flowers, now reporting directly to CEO Erik Fyrwald as from July 1, 2022.
Under Jon Parr’s leadership in the past seven years, the Syngenta Crop Protection business grew 50 percent. He joined Syngenta Group and its predecessor companies in January 1987. Prior to his current role, Jon Parr was Chief Operating Officer EAME & Latin America from 2015 to 2016. Before that, he was Head of Global Crops & Assets for Syngenta from 2014, Regional Director for EAME from 2009 to 2013 and Head of Syngenta Flowers from 2007 to 2008. Through his long career at Syngenta Group, Jon has also held other roles across marketing, strategy and manufacturing.
About Syngenta Group
Syngenta Group is one of the world’s leading agriculture innovation companies, with roots going back more than 250 years. In more than 100 countries, the company strives to transform agriculture through breakthrough products and technologies that play a vital role in enabling the food chain to feed the world safely, sustainably and with respect for our planet. Syngenta Group, registered in Shanghai, China and with its management headquarters in Switzerland, draws strength from its four business units – Syngenta Crop Protection headquartered in Switzerland, Syngenta Seeds headquartered in the United States, ADAMA® headquartered in Israel, and Syngenta Group China – that provide industry-leading ways to serve customers everywhere.
For Syngenta Group photos and videos, please visit the Syngenta Group Media Library.
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Cautionary Statement Regarding Forward-Looking Statements
This document may contain forward-looking statements, which can be identified by terminology such as “expect,” “would,” “will,” “potential,” “plans,” “prospects,” “estimated,” “aiming,” “on track” and similar expressions. Such statements may be subject to risks and uncertainties that could cause the actual results to differ materially from these statements. For Syngenta Group, such risks and uncertainties include risks relating to legal proceedings, regulatory approvals, new product development, increasing competition, customer credit risk, general economic and market conditions, compliance and remediation, intellectual property rights, implementation of organizational changes, impairment of intangible assets, consumer perceptions of genetically modified crops and organisms or crop protection chemicals, climatic variations, fluctuations in exchange rates and/or grain prices, single source supply arrangements, political uncertainty, natural disasters, and breaches of data security or other disruptions of information technology. Syngenta Group assumes no obligation to update forward-looking statements to reflect actual results, changed assumptions or other factors.
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DUBLIN--(BUSINESS WIRE)--The "Hazardous Goods Logistics Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2028" report has been added to ResearchAndMarkets.com's offering.
The report on the global hazardous goods logistics market provides qualitative and quantitative analysis for the period from 2022 to 2028. The report predicts the global hazardous goods logistics market to grow with a significant CAGR over the forecast period from 2022-2028.
The study on hazardous goods logistics market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and RoW for the period of 2022 to 2028.
The report on hazardous goods logistics market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global hazardous goods logistics market over the period of 2022 to 2028. Moreover, the report is a collective presentation of primary and secondary research findings.
Porter's five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global hazardous goods logistics market over the period of 2022 to 2028. Further, Growth Matrix gave in the report brings an insight into the investment areas that existing or new market players can consider.
Market Dynamics
Drivers
Restraints
Opportunities
What does this Report Deliver?
1. Comprehensive analysis of the global as well as regional markets of the hazardous goods logistics market.
2. Complete coverage of all the segments in the hazardous goods logistics market to analyze the trends, developments in the global market and forecast of market size up to 2028.
3. Comprehensive analysis of the companies operating in the global hazardous goods logistics market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4. Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
Segments Covered
The global hazardous goods logistics market is segmented on the basis of services, and destinations.
The Global Hazardous Goods Logistics Market by Services
The Global Hazardous Goods Logistics Market by Destinations
Company Profiles
The companies covered in the report include:
For more information about this report visit https://www.researchandmarkets.com/r/avg4jx
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DUBLIN--(BUSINESS WIRE)--The "Aviation Fuel Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)" report has been added to ResearchAndMarkets.com's offering.
The aviation fuel market was valued at USD 77.91 billion in 2020, and it is anticipated to reach USD 224.67 billion by 2027, registering a CAGR of more than 16.3% during the forecast period of 2022-2027.
Companies Mentioned
Key Highlights
Key Market Trends
Aviation Turbine Fuels Expected to Dominate the Market
Asia-Pacific Expected to Dominate the Market
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD billion, till 2027
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.2 Restraints
4.6 Supply Chain Analysis
4.7 Porter's Five Forces Analysis
5 MARKET SEGMENTATION
5.1 Fuel Type
5.1.1 Air Turbine Fuel
5.1.1.1 Jet A-1
5.1.1.2 Jet A
5.1.1.3 Jet B
5.1.2 Aviation Biofuel
5.1.3 AVGAS
5.2 End-User
5.2.1 Commercial
5.2.2 Defence
5.2.3 General Aviation
5.3 Geography
5.3.1 North America
5.3.2 Europe
5.3.3 Asia-Pacific
5.3.4 South America
5.3.5 Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/u6zmnu
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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BOSTON--(BUSINESS WIRE)--Advent Technologies Holdings, Inc. (NASDAQ: ADN) ("Advent"), an innovation-driven leader in the fuel cell and hydrogen technology space, today announced that its Chairman and CEO, Dr. Vasilis Gregoriou, will participate in a fireside chat at the J.P. Morgan Energy, Power & Renewables Conference, taking place between June 22-23, in New York City.
The fireside chat is scheduled for Thursday, June 23, 2022, at approximately 3:35 p.m. EDT. As part of the event, Dr. Gregoriou will also participate in several meetings with investors.
In order to access the live webcast, please visit the Events & Presentations section of Advent's investor site, https://ir.advent.energy/overview/default.aspx. Kindly note that a replay of the webcast will be archived on the Events & Presentations page the day after the event.
About Advent Technologies Holdings, Inc.
Advent Technologies Holdings, Inc. is a U.S. corporation that develops, manufactures, and assembles complete fuel cell systems as well as supplying customers with critical components for fuel cells in the renewable energy sector. Advent is headquartered in Boston, Massachusetts, with offices in California, Greece, Denmark, Germany, and the Philippines. With more than 150 patents issued, pending, and licensed for fuel cell technology, Advent holds the IP for next-generation HT-PEM that enables various fuels to function at high temperatures and under extreme conditions – offering a flexible “Any Fuel. Anywhere.” option for the automotive, aviation, defense, oil and gas, marine, and power generation sectors. For more information, visit www.advent.energy.
Cautionary Note Regarding Forward-Looking Statements
This press release includes forward-looking statements. These forward-looking statements generally can be identified by the use of words such as “anticipate,” “expect,” “plan,” “could,” “may,” “will,” “believe,” “estimate,” “forecast,” “goal,” “project,” and other words of similar meaning. Each forward-looking statement contained in this press release is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statement. Applicable risks and uncertainties include, among others, the Company’s ability to maintain the listing of the Company’s common stock on Nasdaq; future financial performance; public securities’ potential liquidity and trading; impact from the outcome of any known and unknown litigation; ability to forecast and maintain an adequate rate of revenue growth and appropriately plan its expenses; expectations regarding future expenditures; future mix of revenue and effect on gross margins; attraction and retention of qualified directors, officers, employees and key personnel; ability to compete effectively in a competitive industry; ability to protect and enhance Advent’s corporate reputation and brand; expectations concerning its relationships and actions with technology partners and other third parties; impact from future regulatory, judicial and legislative changes to the industry; ability to locate and acquire complementary technologies or services and integrate those into the Company’s business; future arrangements with, or investments in, other entities or associations; and intense competition and competitive pressure from other companies worldwide in the industries in which the Company will operate; and the risks identified under the heading “Risk Factors” in Advent’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on March 31, 2022, as well as the other information filed with the SEC. Investors are cautioned not to place considerable reliance on the forward-looking statements contained in this press release. You are encouraged to read Advent’s filings with the SEC, available at www.sec.gov, for a discussion of these and other risks and uncertainties. The forward-looking statements in this press release speak only as of the date of this document, and the Company undertakes no obligation to update or revise any of these statements. Advent’s business is subject to substantial risks and uncertainties, including those referenced above. Investors, potential investors, and others should give careful consideration to these risks and uncertainties.
Advent Technologies Holdings, Inc.
Elisabeth Maragoula / Mike Stolyar
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DUBLIN--(BUSINESS WIRE)--The "Marine Lubricants Market Research Report by Product (Compressor Oil, Engine Oil, and Hydraulic Fluid), Type, Region (Americas, Asia-Pacific, and Europe, Middle East & Africa) - Global Forecast to 2027 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.
The Global Marine Lubricants Market size was estimated at USD 9,567.11 million in 2021, USD 10,012.11 million in 2022, and is projected to grow at a Compound Annual Growth Rate (CAGR) of 4.82% to reach USD 12,695.63 million by 2027.
Competitive Strategic Window:
The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.
FPNV Positioning Matrix:
The FPNV Positioning Matrix evaluates and categorizes the vendors in the Marine Lubricants Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.
Market Share Analysis:
The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Global Marine Lubricants Market?
2. What are the inhibiting factors and impact of COVID-19 shaping the Global Marine Lubricants Market during the forecast period?
3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Marine Lubricants Market?
4. What is the competitive strategic window for opportunities in the Global Marine Lubricants Market?
5. What are the technology trends and regulatory frameworks in the Global Marine Lubricants Market?
6. What is the market share of the leading vendors in the Global Marine Lubricants Market?
7. What modes and strategic moves are considered suitable for entering the Global Marine Lubricants Market?
Market Dynamics
Drivers
Restraints
Opportunities
Challenges
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/j1kxeh
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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TORONTO--(BUSINESS WIRE)--Viston United Swiss AG (“Viston”), together with its indirect, wholly-owned subsidiary, 2869889 Ontario Inc. (the “Offeror”) today announced that it is varying and adding certain conditions to, and extending the time for acceptance of, the Offeror’s all-cash offer (the “Offer”) to acquire all of the issued and outstanding common shares (“Common Shares”) of Petroteq Energy Inc. (“Petroteq”) (TSX-V: PQE; OTC: PQEFF; FSE: PQCF) to 5:00 p.m. (Toronto time) on July 22, 2022 (the “Expiry Time”). The Offeror will mail a notice of variation and extension dated June 17, 2022 (the “Notice of Variation and Extension”) to the registered shareholders of Petroteq and will file the Notice of Variation and Extension on Petroteq’s SEDAR profile at www.sedar.com and with the U.S. Securities and Exchange Commission at www.sec.gov.
Background
The Notice of Variation and Extension is being prepared to address the following developments:
Notice of Variation and Extension
The Offeror will mail and file the Notice of Variation and Extension to the registered shareholders of Petroteq.
(a) Variation of No Change in Capitalization Condition
The Offeror is increasing the threshold under the No Change in Capitalization Condition to 811,000,000 issued and outstanding Common Shares on a fully-diluted basis to accommodate the Private Placement.
(b) New Conditions as a Result of Recent Developments
In addition, the Offeror has been concerned about the Petroteq Shareholder Meeting and the recruitment and hiring of a Chief Executive Officer (the “CEO Search”), as well as the Private Placement. Notwithstanding Petroteq’s confirmation of its intention to consult with Viston on the business of the Petroteq Shareholder Meeting, Petroteq has not done so and has instead filed materials on SEDAR on June 15, 2022. Further, Petroteq did not disclose anything to Viston regarding the SEC Order in the course of its discussions with Viston referenced in their press releases dated June 10, 2022. While Viston publicly expressed its intention to vary the No Change in Capitalization Condition and extend the time for acceptance of the Offer to 5:00 p.m. (Toronto time) on July 22, 2022, the Offeror did so without the knowledge of the SEC Order. Given the seriousness of the SEC Order and the limited time to assess the implications of it before the June 17, 2022 expiry date, as well as the uncertainty regarding Petroteq’s intentions relating to the Petroteq Shareholder Meeting and CEO Search, the Offeror has determined to add the following new conditions to Section 4 of the Original Offer to Purchase entitled “Conditions of the Offer”:
“(m) (i) no matters shall have been approved or adopted by Shareholders at Petroteq’s annual and special meeting of shareholders to be held on July 21, 2022 or at any adjournments or postponements thereof (the “Meeting”) other than those included in the Notice of Annual and Special Meeting of Shareholders dated June 3, 2022 and filed on SEDAR on June 15, 2022; (ii) Petroteq shall not issue any securities under the 2022 Equity Incentive Plan (as such term is defined in Petroteq’s management information circular dated June 3, 2022 and filed on SEDAR on June 15, 2022 in connection with the Meeting (the “Circular”)), if approved by Shareholders at the Meeting, without the prior written consent of the Offeror; and (iii) Petroteq shall not implement the Consolidation (as such term is defined in the Circular), if approved by Shareholders at the Meeting, without the prior written consent of the Offeror;
(n) (i) Petroteq shall have consulted with and involved the Offeror in the recruitment and hiring of a new Chief Executive Officer (“CEO”) to the Offeror’s reasonable satisfaction, (ii) prior to hiring a new CEO, if any, Petroteq shall have obtained the Offeror’s prior written consent to ensure that the selected CEO, if any, is satisfactory to the Offeror, and (iii) Petroteq shall not have entered into any employment or similar agreement with any employee, including the new CEO, if any, containing any change of control or severance provisions, without the prior written consent of the Offeror;
(o) the Offeror shall have been provided with, or been given access to, in a timely manner, all non-public information and data underlying and relating to the Order Instituting Cease-and-Desist Proceedings Pursuant to Section 8A of the Securities Act of 1933 and Section 21C of the Securities Exchange Act of 1934, Making Findings and Imposing a Cease-and-Desist Order and Notice of Hearing issued by the SEC on June 13, 2022 (the “SEC Order”) and any interactions with any other securities regulatory authority (such as the Ontario Securities Commission) or stock exchange (such as the TSX-V), including without limitation unrestricted access to Petroteq’s legal counsel involved in these matters, to the Regulatory Oversight and Advisory Committee and to the SEC and such other securities regulatory authorities and stock exchanges, and the Offeror shall be reasonably satisfied upon completion of its review of such information and data, that such information and data does not reveal a change, event, occurrence or state of facts that is or would reasonably be expected to (i) expose Petroteq, its subsidiaries or any of their respective current or former directors, officers, employees, consultants, agents or other representatives (in each case, acting in such capacity) to material liability for violations of any securities Laws applicable to Petroteq, its subsidiaries or any of their respective current or former directors, officers, employees, consultants, agents or other representatives (in each case, acting in such capacity), (ii) impose a material burden on Petroteq’s ability to engage in its business as currently conducted or to raise future capital, or (iii) impair, in any material manner, the ability of Viston and the Offeror to implement and execute their plans for Petroteq’s business following the acquisition of Common Shares pursuant to the Offer; and
(p) other than as disclosed in the SEC Order, none of Petroteq, its subsidiaries or any of their respective current or former directors, officers, employees, consultants, agents or other representatives (in each case, acting in such capacity) shall have violated, or be the subject of any allegation or investigation with respect to the violation of any securities Laws applicable to Petroteq, its subsidiaries or any of their respective current or directors, officers, employees, consultants, agents or other representatives (in each case, acting in such capacity).”
These new conditions are referred to as the “Petroteq Shareholder Meeting Condition” for subsection (m), the “CEO Search Condition” for subsection (n) and for subsections (o) and (p) collectively, the “SEC Order Conditions”, respectively.
For clarity, the Offeror’s current position is that it does not consent to the adoption of the 2022 Equity Incentive Plan or Consolidation (each as defined in Petroteq’s management information circular dated June 3, 2022 and filed on SEDAR on June 15, 2022 in connection with the Petroteq Shareholder Meeting). If the Offeror changes its position on these matters and provides written consent to Petroteq on either or both of these matters as provided in the Petroteq Shareholder Meeting Condition, the Offeror will issue a press release confirming such consent.
For further clarity, in extending the Offer as discussed below, the Offeror is not waiving any of its rights under Section 4 of the Offer to Purchase, “Conditions of the Offer”, particularly the conditions in subsections (b), (e) and (l).
(c) Extension of Time for Acceptance
The Offeror is extending the time for acceptance of the Offer to 5:00 p.m. (Toronto time) on July 22, 2022 in order to allow additional time for the Clearance to be granted, thereby satisfying one of the conditions to the Offer, and so that the expiry time will occur following the Petroteq Shareholder Meeting. The Offer is also being extended to allow the Offeror time to assess the implications of the SEC Order.
If any of the conditions to the Offer have not been satisfied by the Expiry Time (including in particular, if the CFIUS Clearance has not been obtained by the Expiry Time or if the No Change in Capitalization Condition, the Petroteq Shareholder Meeting Condition, the CEO Search Condition or the SEC Order Conditions have not been satisfied by the Expiry Time), the Offeror may extend the Offer through one or more extensions until the date on which the conditions to the Offer have been satisfied or the Offeror may withdraw the Offer.
Except for the variation and extension of the Offer as described above, all other terms and conditions of the Offer continue to remain in effect and unchanged.
Common Shares Tendered to Offer
Kingsdale Advisors, the Depositary and Information Agent for the Offer, has advised the Offeror that, as of 5:00 p.m. (Toronto time) on June 15, 2022, approximately 540,103,247 Common Shares had been validly tendered to the Offer and had not been validly withdrawn. Based on Viston’s understanding of the share capitalization of Petroteq1, the tendered Common Shares represent approximately 70.298% of the currently issued and outstanding Common Shares, and approximately 68.465% of the Common Shares, measured on a fully diluted basis.2
Holders of Common Shares who have previously validly tendered and not withdrawn their shares do not need to re-tender their Common Shares or take any other action in response to the extension of the Offer.
Summary of Offer Details
Viston reminds Shareholders of the following key terms and conditions of the Offer:
For More Information and How to Tender Shares to the Offer
Shareholders who hold Common Shares through a broker or intermediary should promptly contact them directly and provide their instructions to tender to the Offer, including any U.S. dollar currency election. Taking no action and not accepting the Offer comes with significant risks of shareholder dilution and constrained share prices. The deadline for Shareholders to tender their shares is 5:00 p.m. (Toronto time) on July 22, 2022.
For assistance or to ask any questions, Shareholders should visit www.petroteqoffer.com or contact Kingsdale Advisors, the Information Agent and Depositary in connection with the Offer, within North America toll-free at 1-866-581-1024, outside North America at 1-416-867-2272 or by e-mail at This email address is being protected from spambots. You need JavaScript enabled to view it..
Advisors
The Offeror has engaged Gowling WLG (Canada) LLP to advise on certain Canadian legal matters and Dorsey & Whitney LLP to advise on certain U.S. legal matters. Kingsdale Advisors is acting as Information Agent and Depositary.
About the Offeror
The Offeror is an indirect, wholly-owned subsidiary of Viston, a Swiss company limited by shares (AG) established in 2008 under the laws of Switzerland. The Offeror was established on September 28, 2021 under the laws of the Province of Ontario. The Offeror’s registered office is located at 100 King Street West, Suite 1600, 1 First Canadian Place, Toronto, Ontario, Canada M5X 1G5. The registered and head office of Viston is located at Haggenstreet 9, 9014 St. Gallen, Switzerland.
Viston was created to invest in renewable energies and clean technologies, as well as in the environmental protection industry. Viston aims to foster innovative technologies, environmentally-friendly and clean fossil fuels and to help shape the future of energy. Since October 2008, Viston has undertaken its research, development and transfer initiatives in Saint Gallen, Switzerland. Viston has been working to optimize and adapt these technologies to current market requirements to create well-engineered products. Viston’s work also includes the determination of technical and economic risks, as well as the search for financing opportunities.
Caution Regarding Forward-Looking Statements
Certain statements contained in this news release contain “forward-looking information” and are prospective in nature. Forward-looking information is not based on historical facts, but rather on current expectations and projections about future events, and are therefore subject to risks and uncertainties that could cause actual results to differ materially from the future results expressed or implied by the forward-looking information. Often, but not always, forward-looking information can be identified by the use of forward-looking words such as “plans”, “expects”, “intends”, “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking information contained in this news release includes, but is not limited to, statements relating to a further variation of and/or extension of the time for acceptance of the Offer; the expectations regarding the process for, and timing of, obtaining regulatory approvals; expectations relating to the Offer; estimations regarding the issued and outstanding Common Shares, including as measured on a fully-diluted basis; and the satisfaction or waiver of the conditions to consummate the Offer.
Although the Offeror and Viston believe that the expectations reflected in such forward-looking information are reasonable, such statements involve risks and uncertainties, and undue reliance should not be placed on such statements. Certain material factors or assumptions are applied in making forward-looking information, and actual results may differ materially from those expressed or implied in such statements. Important factors that could cause actual results, performance or achievements of the Offeror or the completion of the Offer to differ materially from any future results, performance or achievements expressed or implied by such forward-looking information include, among other things, the ultimate outcome of any possible transaction between Viston and Petroteq, including the possibility that Petroteq will not accept a transaction with Viston or enter into discussions regarding a possible transaction, actions taken by Petroteq, actions taken by security holders of Petroteq in respect of the Offer, that the conditions of the Offer may not be satisfied or waived by Viston at the expiry of the Offer period, the ability of the Offeror to acquire 100% of the Common Shares through the Offer, the ability to obtain regulatory approvals and meet other closing conditions to any possible transaction, including any necessary shareholder approvals, potential adverse reactions or changes to business relationships resulting from the announcement, pendency or completion of the Offer transaction or any subsequent transaction, competitive responses to the announcement or completion of the Offer, unexpected costs, liabilities, charges or expenses resulting from the proposed transaction, exchange rate risk related to the financing arrangements, litigation relating to the proposed transaction, the inability to engage or retain key personnel, any changes in general economic and/or industry-specific conditions, industry risk, risks inherent in the running of the business of the Offeror or its affiliates, legislative or regulatory changes, Petroteq’s structure and its tax treatment, competition in the oil & gas industry, obtaining necessary approvals, financial leverage for additional funding requirements, capital requirements for growth, interest rates, dependence on skilled staff, labour disruptions, geographical concentration, credit risk, liquidity risk, changes in capital or securities markets and that there are no inaccuracies or material omissions in Petroteq’s publicly available information, and that Petroteq has not disclosed events which may have occurred or which may affect the significance or accuracy of such information. These are not necessarily all of the important factors that could cause actual results to differ materially from those expressed in any of the Offeror’s forward-looking information. Other unknown and unpredictable factors could also impact its results. Many of these risks and uncertainties relate to factors beyond the Offeror’s ability to control or estimate precisely. Consequently, there can be no assurance that the actual results or developments anticipated by the Offeror will be realized or, even if substantially realized, that they will have the expected consequences for, or effects on, the Offeror, its future results and performance.
Forward-looking information in this news release is based on the Offeror and Viston’s beliefs and opinions at the time the information is given, and there should be no expectation that this forward-looking information will be updated or supplemented as a result of new information, estimates or opinions, future events or results or otherwise, and each of the Offeror and Viston disavows and disclaims any obligation to do so except as required by applicable Law.
Media inquiries:
Hyunjoo Kim
Vice President, Strategic Communications and Marketing
Kingsdale Advisors,
Direct: 416-867-2357
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For assistance in depositing Petroteq Common Shares to the Offer, please contact:
Kingsdale Advisors
130 King Street West, Suite 2950
Toronto, ON M5X 1E2
North American Toll Free: 1-866-581-1024
Outside North America: 1-416-867-2272
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
www.petroteqoffer.com
Bringing a New Standard to Wind Energy Development and Investment
AVON, Colo.--(BUSINESS WIRE)--Wind-energy-focused data and geospatial SaaS provider, TurbineHub, today announced an Esri Partner Network relationship with Esri, the global leader in geographic information system (GIS) technology and location intelligence. TurbineHub has been selected to join the Esri Startup Program, a coveted three-year program that empowers startup partners with ArcGIS technology resources to utilize within their offerings. With these resources, TurbineHub has developed a solution to support wind energy investment and asset management, bringing new and innovative products to Esri customers.
TurbineHub offers a unique platform with tools and data integrations that enable firms to originate and validate market leading wind investments. This Software-as-a-Solution (SaaS) helps asset managers, private equity, utilities, and renewable royalty buyers visualize and analyze wind investment on a nationwide and offshore scale.
“Over the next 10 years, capital investments in the United States Offshore and Repower Wind Energy will be over $200 billion combined. Development of focused software products is critical to the next generation of wind investments’ ability to produce Return on Capital Employed (ROCE),” said Dylan Gust, CEO & Co-Founder of TurbineHub. “Esri’s ArcGIS software offers a unique set of capabilities for building geoprocessing analytics, feature layer integration, and data management.”
TurbineHub also recently released the TurbineHub Index Number (THI), a national database of wind turbines confirmed with recent satellite imagery. Based on the API number for each oil & gas well in the United States, the database establishes a unique identifier for each turbine across the country.
“We are excited to partner with TurbineHub through the Esri Startup Program,” said Robert Laudati, Director of Global Partners and Alliances at Esri. “Their team understands the value that geospatial insight brings to the renewables industry and they are helping to empower a new age of wind energy analytics by leveraging Esri ArcGIS technology.”
About Esri
Esri, the global market leader in geographic information system (GIS) software, location intelligence, and mapping, helps customers unlock the full potential of data to improve operational and business results. Founded in 1969 in Redlands, California, USA, Esri software is deployed in more than 350,000 organizations globally and in over 200,000 institutions in the Americas, Asia and the Pacific, Europe, Africa, and the Middle East, including Fortune 500 companies, government agencies, nonprofits, and universities. Esri has regional offices, international distributors, and partners providing local support in over 100 countries on six continents. With its pioneering commitment to geospatial information technology, Esri engineers the most innovative solutions for digital transformation, the Internet of Things (IoT), and advanced analytics. Visit us at esri.com.
About TurbineHub.com, LLC
TurbineHub is the only wind-energy-focused data and geospatial analysis software in the United States and is purpose-built on the world's leading GIS platform to enable the next generation of wind energy development and investment. Headquartered in Avon, Colorado, TurbineHub provides tier one data on a first-class geospatial intelligence application in order to give actionable insights to our clients. Visit us at www.turbinehub.com.
Dylan Gust
TurbineHub.com
303-941-4314
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Visit us on social media:
TurbineHub: Overview | LinkedIn
New role reflects enhanced focus on the complete customer experience; Carere also named co-President and co-CEO of FedEx Services
MEMPHIS, Tenn.--(BUSINESS WIRE)--FedEx Corp. (NYSE: FDX) has promoted Brie Carere, Chief Marketing and Communications Officer, to be the company’s first Chief Customer Officer. She also was named co-President and co-CEO of FedEx Services, a role she will share with Rob Carter, Executive Vice President and Chief Information Officer.
As Chief Customer Officer, Carere will bring the strategy, sales, product development, digital experience, marketing, communications, customer experience, revenue management, and FedEx Office retail teams under one function. This new alignment will support a strategy that focuses on a complete end-to-end customer experience with an emphasis on digital innovation.
“FedEx is a customer-centric brand, and the strategic alignment of these functions will help us deliver even better experiences,” said Raj Subramaniam, President and CEO of FedEx. “For the past four years, Brie has been responsible for the commercial strategy and revenue growth for the company, delivering exceptional results. Her drive, creativity, and passion for the customer make her a perfect fit for this new role.”
“Customers are at the heart of everything we do at FedEx,” Carere said. “Now we will have an even stronger focus on innovating and changing what’s possible on their behalf. I am fortunate to lead a world class team, and together we will create an industry leading end-to-end customer experience.”
As co-President and co-CEO of FedEx Services, Carere will work with Carter in leading the division that provides strategic and technological support to the FedEx operating companies.
Since joining FedEx in 2001, Carere has gained broad experience across every aspect of marketing, with a consistent focus on improving the customer experience globally. Most recently, Carere served as Chief Marketing and Communications Officer, leading an organization of more than 10,000 team members across multiple FedEx operating companies and overseeing the company’s global marketing strategy, including communications, advertising, brand and reputation, product and business development, innovation, e-commerce, retail marketing, digital access, customer experience, and global pricing. Read more about Carere here.
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 $92 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 about.fedex.com.
Michele Ehrhart
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(901) 434-8100
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