RICHMOND, Va.--(BUSINESS WIRE)--Dale G. Mullen, a partner in Whiteford’s Richmond office, has been appointed to the Virginia Board of Accountancy by Governor Glenn Youngkin. "Together, we are building a team of qualified individuals who will work to make Virginia the best state to live, work, and raise a family,” said Governor Glenn Youngkin in the Commonwealth’s May 13 Press Release announcing the nominations. “I'm thankful for those who will join our Administration, and all who will contribute their time and expertise in service to our commonwealth." Dale Mullen was sworn in by Secretary of the Commonwealth Kay Coles James on March 15. The mission of the VBOA is to protect the citizens of the Commonwealth through a regulatory program of licensure and compliance of CPAs and CPA firms. “It is a tremendous honor to serve in this capacity,” Mr. Mullen said.
Mr. Mullen brings decades of experience and a deep understanding of the impact of government regulation on licensed professionals and business. He represents clients throughout the United States on federal and state rulemaking, permitting and enforcement in highly regulated industries including financial regulation, utilities, energy and export compliance. He leads Whiteford’s Regulatory Compliance, Administrative Law and Government Investigations practice and is admitted to practice in Virginia, New York and the U.S. District Courts of the District of Columbia.
John Selbach, Co-Chair of the firm’s Business and Corporate Law Section, said, “Accountants play an indispensable support role in any merger or acquisition, and Whiteford is proud to support the Commonwealth of Virginia and the community of Certified Public Accountants.”
Mr. Mullen has been recognized as a “Legal Elite” by Virginia Business Magazine, a “Leading Lawyer for Business” by Chambers USA, and by Best Lawyers in America. A United States Navy veteran, he has served in the Organized Crime Division of the Richmond Police Department and as a Command Sergeant of the Audit and Inspections Unit, Assistant Attorney General and Chief Prosecutor for the Commonwealth of Virginia, Special Assistant United States Attorney (SAUSA), county attorney and county administrator. During his time at the Virginia Office of the Attorney General, he implemented strategies for regulatory and compliance fraud prosecutions that contributed to national recognition and an award for civil and criminal fraud recoveries in excess of $535 million.
Mr. Mullen is a graduate of the T.C. Williams School of Law (2002), where he was an Articles Editor for the University of Richmond Law Review and later served as Adjunct Faculty and Law Skills Instructor. He has served as Adjunct Faculty to Virginia Commonwealth University (VCU) and holds certificates in Sustainable Business Strategies (Harvard Business School, 2021), Negotiation Mastery (Harvard Business School, 2020), and Negotiation (University of Michigan, 2020).
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VANCOUVER, British Columbia--(BUSINESS WIRE)--Coinciding with World Environment Day, BC-based carbon capture and removal technology provider, Svante, has ranked 2nd among privately owned companies in the Corporate Knights Future 50 Fastest-Growing Sustainable Companies in Canada ranking.
Corporate Knights, a Canadian media and research B Corp has been producing global corporate and fund rankings for nearly 20 years. The Future 50 Fastest Growing Sustainable Companies in Canada features emerging companies whose energy and innovation leaves them poised to be the market leaders in the future. These companies are selected from a pool of 5,115 Canadian companies whose business activities align with the transition to a global clean economy.
"To tackle the climate crisis, we're going to need all kinds of solutions,” says Toby Heaps, Founder and CEO of Corporate Knights. “Luckily, the Future 50 are putting them on the shelf faster than any other companies in Canada. Companies like Svante are contributing to this tapestry of solutions by demonstrating how decarbonization efforts like carbon capture are not only accelerating the transition to a clean energy economy but are also commercially viable across multiple heavy industry applications. Investor enthusiasm reflects this momentum as evidenced by the $147 million raised by Svante last year, a 4,262% increase from the $3.4 million raised by the company in 2018. Svante is contributing to the creation of a more sustainable Canada, and we are proud to recognize their leadership in the Future 50.”
“Being listed amongst the incredible companies that are a part of the Future 50 ranking is a true honour. We are thrilled,” says Claude Letourneau, Svante’s President & CEO. “To be ranked in the top two private companies is a testament to the passion and dedication of our people and the key role our business and carbon management is playing in the fight against climate change, alongside renewables, hydrogen, and electrification. Getting to net-zero is going to take global support from the financial sector, policymakers, and the general public. The media plays an important role in sharing the message that the time to act and scale is now, and it’s great to see our efforts are being recognized in reputable publications like the Corporate Knights.”
The Future 50 ranking is made up of the fastest-growing 25 publicly traded companies (selected based on year-over-year revenue growth %) and the fastest-growing 25 privately owned companies (selected based on growth % in capital raised from two most recent years of fundraising rounds) that earn more than 50% of their revenue from clean energy sources. Corporate Knights’ definition of clean energy aligns with the International Energy Agency definition, which includes energy efficiency.
The Future 50 list includes companies from a number of different sectors and Canadian provinces, providing tangible examples of how a net-zero economy can create an abundance of new opportunity.
About Svante
Founded in 2007, Svante offers companies in emission-intensive industries a commercially viable way to capture large-scale CO2 emissions from existing infrastructure, either for safe storage or to be used for further industrial use in a closed loop. With the ability to capture CO2 from industrial sources and directly from the atmosphere in an environmentally sustainable way, Svante makes industrial-scale carbon capture and carbon removal a reality. Svante’s Board of Directors includes Nobel Laureate and former Secretary of Energy, Steven Chu.
Please direct media inquiries to:
Colleen Nitta
Director of Marketing & Communications
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SAN RAMON, Calif.--(BUSINESS WIRE)--GE Digital, the leading software innovator enabling the power generation and energy industries, today announced that it has achieved Amazon Web Services (AWS) Energy Competency status. This designation recognizes that GE Digital has demonstrated deep expertise leveraging AWS to build, implement, and integrate technology that transforms complex business and operational systems to help accelerate the energy transition.
AWS is enabling scalable, flexible, and cost-effective solutions from multiple enterprises. To support the seamless integration and deployment of these solutions, AWS established the AWS Competency Program to help customers identify AWS Partners with deep industry experience and expertise.
“Software plays a vital role in improving the productivity, reliability, and efficiency of energy production,” said Linda Rae, General Manager of GE Digital’s Power Generation and Oil & Gas business. “Achieving the AWS Energy Competency differentiates GE Digital as an AWS Partner with demonstrated AWS technical expertise and proven customer success in the energy industry.”
GE Digital’s Asset Performance Management (APM) solutions for both Power Generation and Oil & Gas industries were the basis of receiving the AWS Energy Competency status. These software solutions are designed to help optimize the performance of industrial assets to increase reliability and availability, to minimize costs, and reduce operational risks. For power generation, this is an imperative as plants must be able to reliably respond to more dynamic operating models as more and more renewables are added.
To receive the AWS Energy Competency Partner status, AWS Partners undergo a rigorous technical validation process, including a customer reference audit. The AWS Energy Competency provides energy customers the ability to more easily select skilled partners to help accelerate their digital transformation with confidence.
“APM is a foundational accelerator to address the needs of the energy transition,” concluded Rae. “Our AWS Energy Competency status allows us to work closely with AWS to help our customers achieve their energy transition goals.”
Click on these links for more information about GE Digital’s Power Generation and Oil & Gas software solutions.
About GE Digital
GE Digital transforms how our customers solve their toughest challenges by putting industrial data to work. Our mission is to bring simplicity, speed, and scale to digital transformation activities, with industrial software that delivers breakthrough business outcomes. GE Digital’s product portfolio – including grid optimization and analytics, asset and operations performance management, and manufacturing operations and automation – helps industrial companies in the utility, power generation, oil & gas, aviation, and manufacturing sectors change the way industry works. For more information, visit www.ge.com/digital.
© 2022 General Electric. All rights reserved. GE, the GE logo, and associated products are either registered trademarks or trademarks of General Electric in the United States and/or other countries. All other trademarks are the property of their respective owners.
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Ellie Holman
GE Digital
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Collaboration furthers Audubon’s growth in GOM and adds to extensive offshore experience
HOUSTON--(BUSINESS WIRE)--#AudubonEngineering--Audubon Engineering Company LP (Audubon), a leading provider of engineering, procurement, construction, and fabrication services, has entered a three-year contract with Shell Offshore Inc., a subsidiary of Shell plc, to provide brownfield engineering and procurement (EP) services support for Shell’s Mars Corridor.
The contract, which comes with two one-year options to extend, covers some of Shell’s offshore assets in the US Gulf of Mexico, including its Mars, Olympus, Ursa, and Vito tension leg platforms. The water depths for this deep-water portfolio range from approximately 3,000 to 4,000 feet (914 to 1,200 meters).
The contract scope spans topside engineering and procurement services, encompassing single-well subsea tiebacks; crane, lifeboat, and HVAC replacements; controls, firewater system, and utility upgrades; gas-lift installation; and prefabricated skid packages.
Audubon’s strong local operating centers in New Orleans, Louisiana, and Houston, Texas, will execute the contract. This agreement continues the company’s track record of successfully delivering integrated engineering and technical services for Shell.
Ryan Hanemann, president of Audubon Engineering Company, said, “We’re delighted that Shell has selected Audubon to be its contractor for these assets. We are committed to driving value and efficiency for Shell to further enhance and extend productivity across its assets in the Mars Corridor.”
“Audubon is proud of our accomplishments in the GOM region, and this contract award further positions our business for growth and continued delivery in the area,” he added.
On Twitter:@audubonco
About Audubon Engineering Company LP
Founded in 1997, Audubon Engineering Company LP is a leading provider of integrated engineering, construction, fabrication, and technical services. Serving the energy, power, utility, industrial, and infrastructure sectors, our end-to-end lifecycle solutions help solve our clients’ toughest challenges. Leveraging technology, ingenuity, and experience, we deliver outstanding project outcomes for a more sustainable tomorrow.
For more information, visit auduboncompanies.com.
Ivonne Hallard
Sr. Director of Marketing and Communications
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BOSTON--(BUSINESS WIRE)--SES AI Corporation (NYSE: SES), a global leader in the development and manufacturing of high-performance lithium-metal (Li-Metal) rechargeable batteries for electric vehicles (EVs) and other applications, today announced that management will participate and host one-on-one meetings at the following investor conferences.
RBC Global Mining & Materials Conference
Date: June 9, 2022
Location: New York City
https://www.rbccm.com/en/about-us/conferences.page
Evercore Global Clean Energy & Transition Technologies Summit
Date: June 14, 2022
Location: New York City
https://investors.evercore.com/static-files/0c8e7109-a773-4174-a471-588192973726
Deutsche Bank Global Auto Industry Conference
Date: June 16, 2022
Location: New York City
https://conferences.db.com/americas/auto1regform
Credit Suisse 2022 Virtual Mobility Conference
Date: June 21, 2022
Location: Virtual
https://www.credit-suisse.com/us/en/investment-banking/global-markets/equities/cash-equities/corporate-access-calendar.html
Wells Fargo Electric Vehicle Mini Conference
Date: June 23, 2022
Location: New York City
https://wellsfargo.dealogic.com/clientportal/Conferences/Conference
About SES
SES is a global leader in development and production of high-performance Li-Metal rechargeable batteries for electric vehicles (EVs) and other applications. Founded in 2012, SES is an integrated Li-Metal battery manufacturer with strong capabilities in material, cell, module, AI-powered safety algorithms and recycling. Formerly known as Solid Energy Systems, SES is headquartered in Boston and has operations in Singapore, Shanghai, and Seoul. To learn more about SES, please visit: ses.ai/investors/
SES may use its website as a distribution channel of material company information. Financial and other important information regarding SES is routinely posted on and accessible through the Company’s website at www.ses.ai. Accordingly, investors should monitor this channel, in addition to following SES’s press releases, Securities and Exchange Commission filings and public conference calls and webcasts.
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MISSISSAUGA, Ontario--(BUSINESS WIRE)--Schneider Electric, the leader in the digital transformation of energy management and automation, has launched EcoStruxure Machine Expert Twin, a scalable digital twin software solution to manage the entire machine lifecycle.
The software enables original equipment manufacturers (OEMs) to create digital models of real machines so they can be designed and commissioned virtually before building the machine itself. EcoStruxure Machine Expert Twin’s intuitive environment includes drag-and-drop mechatronic components, VR/AR interfaces, and application-focused libraries, all of which enable the parallel engineering of mechanical, electrical, and control tasks.
The solution’s open programming environment allows for add-ons and extensions, with a multitude of advanced modules and seamless integration into EcoStruxure Machine Expert and EcoStruxure Machine Advisor, as well as adaptation to customer data sources, workflows, and processes. EcoStruxure Machine Expert Twin helps OEMs to improve design processes and quality and minimize commissioning costs. It also provides an entirely new level of flexibility and efficiency in operations and maintenance.
“Digital twin software is paving the way for new machine designs, creating more agile production, and increasing machine performance,” says Ali Haj Fraj, Senior Vice President, Digital Factory, Schneider Electric. “Smart manufacturing allows for greater productivity and flexibility. Designing the future of manufacturing with EcoStruxure Machine Expert Twin can give OEMs a faster time-to-market, less risk of malfunction, and machines that are truly fit for purpose.”
Using EcoStruxure Machine Expert Twin, customers can expect:
Revolutionize the design process
EcoStruxure Machine Expert Twin spans the entire machine lifecycle, from sales, concept, and design, to manufacturing and operation. Transforming design ideas into convincing sales animations helps customers to properly visualize the end product, while the in-depth design helps to improve and verify prototypes, reduce risk and quality costs, and speed up time-to-market.
Transform machine building
EcoStruxure Machine Expert Twin revolutionizes machine building by digitizing all the processes, from a detailed design to the mechanical, electrical, and controls, allowing for virtual test strategies and commissioning, as well as shortened factory acceptance testing (FAT). The solution also improves system integration tests, increases software quality, speeds up production ramp-up, and saves crucial onsite commissioning time.
Enhance machine operation
EcoStruxure Machine Expert Twin can also open new revenue streams for OEMs over the complete machine lifecycle through machine servicing, operator training, and further improvements and upgrades. The software enables OEMs to offer new services based on digital twins, improve and test software upgrades virtually, and reduce machine downtime.
Schneider Electric has been recognized as the world’s most sustainable corporation in 2021 by Corporate Knights Global 100 Index.
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.
ROCKPORT, Texas--(BUSINESS WIRE)--Yamaha Rightwaters recently joined forces with Texas A&M University-Corpus Christi’s® Harte Research Institute and the Coastal Conservation Association (CCA®) to initiate a new conservation project designed to evaluate the role of oyster reefs in capturing and storing carbon in St. Charles Bay in the Gulf of Mexico. The ultimate goal is to then potentially scale the program to a larger scope.
“By reducing carbon dioxide through projects like this, we can reduce ocean acidification,” said John O’Keefe, Senior Specialist, Government Relations, Yamaha U.S. Marine Business Unit. “Yamaha Rightwaters promotes sustainability, conservation and research in the United States and worldwide. The Harte Research Institute’s oyster study is the perfect example the meaningful research projects we look to support.”
On May 17, 25 volunteers representing Yamaha Rightwaters, CCA and the Harte Research Institute met at Goose Island State Park to place roughly 3,500 pounds of recycled oyster shells back into St. Charles Bay to help restore degraded oyster habitat. The Harte Research Institute is currently studying the viability and effectiveness of “recycling” oyster shells typically discarded or sold by area restaurants to rebuild or reestablish oyster reefs. These reefs make it easier for oyster larvae to find suitable places to attach and grow. While the group hand-filled dozens of biodegradable cellulose bags with shells and placed them in shallow water, a large barge with a backhoe deposited tons of reclaimed oyster shells into deeper water, complementing the shallow water restoration effort.
The project takes aim at a current challenge. According to The Nature Conservancy®, at least 50 percent of the original oyster reefs along the Gulf coast have disappeared, challenged by over-harvest, hurricanes, drought and floods in the last decade. According to NOAA® Fisheries, the Gulf Coast produces nearly 50 percent of the nation’s $250 million oyster industry. In addition, oysters annually contribute approximately $50 million to the Texas economy.
“Once the reefs are established, they provide valuable habitat for fish, shrimp and crabs, as well as oysters,” said Dr. Jennifer Pollack, Chair of Coastal Conservation and Restoration at the Harte Research Institute. “Oyster reefs also protect shorelines from erosion because they form natural, living breakwaters. We are also learning about the role that oysters play in capturing and storing carbon from the atmosphere.”
Dr. Pollack went on to say that oysters also improve overall water quality through their filter feeding activities, and they create habitat that increases increase fish production and supports recreational angling.
The National Coastal Conservation Association (CCA) joins Yamaha Rightwaters as a financial sponsor of the oyster study. Founded in 1977, CCA advocates for marine conservation.
“CCA has been a part of any number of projects, but this is where some of the most important science is going on right now for anglers in Texas and all over the country,” said CCA President Pat Murray. “Number one, this project is building oyster reefs, critical for the marine ecosystem, but it’s also establishing areas where science will quantify the carbon sequestration value of oysters. Among the many issues challenging us today, reducing carbon dioxide is clearly a priority for a better future for our nation and the world.”
Yamaha Rightwaters is a national sustainability program that encompasses all of Yamaha Marine’s conservation and water quality efforts. Program initiatives include habitat restoration, support for scientific research, mitigation of invasive species, the reduction of marine debris and environmental stewardship education. Yamaha Rightwaters reinforces Yamaha’s long-standing history of natural resource conservation, support of sustainable recreational fishing and water resources and Angler Code of Ethics, which requires pro anglers to adhere to principles of stewardship for all marine resources.
Yamaha’s U.S. Marine Business Unit, based in Kennesaw, Ga., is responsible for the sales, marketing, and distribution of Yamaha Marine products in the U.S. including Yamaha Outboards, Yamaha WaveRunners®, Yamaha Boats, G3 Boats and Skeeter Boats. Supporting 2,400 dealers and boat builders nationwide, Yamaha is the industry leader in reliability, performance, technology and customer service.
REMEMBER to always observe all applicable boating laws. Never drink and drive. Dress properly with a USCG-approved personal floatation device and protective gear.
© 2022 Yamaha Motor Corporation, U.S.A. All rights reserved.
This document contains many of Yamaha's valuable trademarks. It may also contain trademarks belonging to other companies. Any references to other companies or their products are for identification purposes only and are not intended to be an endorsement.
Nicholas Genesi
Public Relations Manager
Yamaha U.S. Marine Business Unit
Mobile: (470) 898-7278
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Neal Wheaton
Wilder+Wheaton for
Yamaha U.S. Marine Business Unit
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MISSISSAUGA, Ontario--(BUSINESS WIRE)--Schneider Electric, the leader in the digital transformation of energy management and automation, showcased its growing portfolio of SF6-free medium-voltage switchgear at Hannover Messe.
The new GM AirSeT is the green and digital primary GIS technology for electrical networks and demanding applications in industrial buildings and critical infrastructure. It represents another milestone of Schneider Electric’s commitment to developing a full suite of sustainable, next-generation offers. The company is already working closely with customers – from utilities and industry to buildings and data centers – seeking to advance toward pure air and away from SF6. The first commercial projects incorporating GM AirSeT are underway in Europe.
The timing of this new arrival is well aligned with the EU Commission’s April 5th proposal to tighten F-gas regulation. This includes sulfur hexafluoride (SF6), which is the world’s most potent greenhouse gas and is widely used in electrical equipment to power electro-intensive industrial installations, large buildings, and the grid. This urgent policy action is needed to meet climate goals, and details a timeline for the transition to more sustainable power systems. GM AirSeT ends heavy industries’ reliance on SF6 by combining the latest gas-insulated switchgear with pure air and vacuum technology.
“Tighter regulation and the fact that the technology exists to remove SF6 from the climate equation means that time is up. The momentum toward environmental improvements in power systems has never been stronger. And we are ready to support our customers with the highly awarded green and digital technologies,” commented Frederic Godémél, Executive Vice President of Power Systems and Services at Schneider Electric.
A suite of award-winning medium voltage innovations
Designed for industry and utilities, GM AirSeT joins other Schneider Electric SF6-free medium voltage solutions contributing to the global fight against climate change, including:
Schneider Electric’s technology has been successfully piloted at numerous electric utilities, infrastructure and buildings, by customers such as GreenAlp in France, EEC Engie in New Caledonia and Azienda Trasporti Milanesi in Italy.
It has also received multiple awards and recognitions as an enabler of the green and efficient energy transition. Those include the Industrial Energy Efficiency Award at Hannover Messe, the Top 10 Innovations award from the Innovation for Cool Earth Forum, and an iF Design Award. Additionally, the company’s project with E.ON in Sweden won the enerTIC Award for smart grid.
Digital capabilities unlock new customer values
Schneider Electric’s pure air MV technology has a full range of data powered native capabilities, which will monitor the performance of electrical distribution applications and will enable preventive condition-based and predictive maintenance.
The embedded smart sensors enable users to monitor all their operations remotely. Data is fed into powerful cloud-based analytics tools such as those offered by EcoStruxure to provide powerful actionable insights.
The native digital capabilities are available on Schneider’s future-focused ranges including MCSet Active as well as SM, RM, and GM AirSeT Active.
“In large, critical, and industrial buildings and operations – like automotive manufacturing, healthcare facilities and data centers, mining, metals, oil and gas production – digital insights play an important role in anticipating issues. In this way, you enhance operational safety, maximize uptime, increase operational efficiency, and optimize maintenance efforts and cost,” said Frederic Godémél.
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.
IRVING, Texas & TAIPEI, Taiwan--(BUSINESS WIRE)--#ARCForum--TXOne Networks, the global leader of operational technology (OT) zero trust cybersecurity, announced today the expansion of its Americas operations with a new U.S. office, growing team and extended channel- and customer-support activities in the region.
“Availability, integrity and confidentiality are crucial concerns in both IT (information technology) and OT cybersecurity for any business leader, but there remains a dangerous lack of awareness around the particular vulnerabilities of ICS (industrial control systems) and how to prevent attacks on them. It has been difficult for companies to find purpose-built OT security solutions that are specifically engineered to ensure the cybersecurity of OT devices while maintaining operations of worksite equipment,” said Dr. Terence Liu, chief executive officer of TXOne Networks. “This market environment is driving our rapid growth in the Americas. We have assembled an experienced team with the unique expertise to help companies counter the cyberthreats that could paralyze day-to-day operations.”
The TXOne Networks Americas team is led by Jeff DePasse, who brings more than 30 years of experience in high-tech sales, including 15 in direct- and channel-sales leadership in cybersecurity. DePasse has reinforced the TXOne Networks Americas management team with proven subject-matter experts in the space: John Elder, channel director; Austen Byers, technical director, and De Anne O’Connell, marketing director. The new Americas headquarters is in the high-tech corridor of Las Colinas, Irving, Texas, which is home to several Fortune 500 companies and centrally located in the Dallas-Fort Worth metroplex.
With digital transformation in high gear across every vertical in the United States and globally, vulnerabilities in ICS can be easily exploited and are being targeted more frequently. TXOne Networks safeguards corporate operations with OT-native solutions, protecting critical assets for their entire lifecycle. Founded in 2019 as a joint venture between Trend Micro and Moxa, TXOne Networks has evolved into an individual brand pioneering adaptive solutions for the OT environment. TXOne Networks, in fact, wrote The OT Zero Trust Handbook, providing a clear, actionable framework for practical worksite protection by inspecting and locking down assets while segmenting and reinforcing network defenses.
“Businesses across the most critical American industries—from manufacturing to healthcare to power and energy—are highly vulnerable to modern digital threats. Some rely on ICS that include legacy technologies designed before cybersecurity became a serious concern and the IIot (Industrial Internet of Things) gained traction,” DePasse said. “Establishing this regional presence is vital to our customers in the Americas. We are rapidly growing the team with new technical and sales experts, and building the channel to give our customers the peace of mind needed to both confidently maintain daily operations and boldly pursue future opportunities.”
TXOne Networks Americas is kicking off with a strong presence at industry events, starting with a speaking engagement 2:10-3 p.m. Pacific June 9 at the RSA Conference in San Francisco. This educational session will reveal how unforeseen cyberattacks can cause physical damage in critical sectors.
About TXOne Networks
TXOne Networks offers cybersecurity solutions that ensure the reliability and safety of industrial control systems and operational technology environments through the OT zero trust methodology. At TXOne Networks, we work together with both leading manufacturers and critical infrastructure operators to develop practical, operations-friendly approaches to cyber defense. TXOne Networks offers both network-based and endpoint-based products to secure the OT network and mission-critical devices in a real-time defense-in-depth manner. www.txone.com
Follow TXOne Networks: Blog, Twitter, and LinkedIn.
Contacts for TXOne Networks Americas:
De Anne O’Connell
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Vivian Kelly
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+1 703 509 5412
New solar array, developed in partnership with Guzman Energy, to deliver up to 25% reduction in customer rates
TAOS, N.M.--(BUSINESS WIRE)--Kit Carson Electric Cooperative (KCEC) and Guzman Energy today celebrated the cooperative’s achievement of providing 100% of its daytime power with solar energy this summer. Integral to this milestone, construction has been completed on KCEC’s Taos Mesa Solar Array. The completed array has testing underway as it nears ongoing generation and delivery of 15 MW of solar power, which will be capable of powering approximately 7,500 homes with locally generated renewable energy.
At a ribbon-cutting event today, KCEC marked the official construction completion and testing of the Taos Mesa Solar Array, which is located roughly nine miles northwest of the Town of Taos. The project spans roughly 170 acres, has 43,680 solar panels and is part of KCEC’s overall solar energy footprint totaling 41 MW of distributed solar throughout its service territory plus 15 MW of accompanying battery storage.
“When we partnered with Guzman Energy in 2016, we set an ambitious goal of becoming one of the cleanest energy cooperatives in America,” said Luis A. Reyes, Jr., CEO of KCEC. “Providing our members with 100% daytime solar power, delivered by locally built and maintained solar arrays and battery storage while also reducing cost for our members is an accomplishment we are incredibly proud of. We are serving our members the clean power they’ve been asking for while lowering costs, and we’re also helping to meet our state’s overall climate change action initiatives.”
The state of New Mexico has set an objective to achieve a statewide reduction in greenhouse gas emissions by 45% by the year 2030. Governor Michelle Lujan Grisham attended today’s event, noting that KCEC is leading the way for other cooperatives around the state and the country in driving the energy transition.
Guzman Energy has been the wholesale power provider to KCEC since 2016, when the coop exited its contract with Tri-State Generation and Transmission in order to provide the coop with more control over its energy mix and give its members more cost-effective and rate-stable local energy. KCEC will complete repayment of its exit fee from Tri-State by the end of June 2022 while reaching its goals for cleaner and lower cost power. Coop members will see a decrease in their electric bills through the fuel adjustment line item and will realize savings of up to 25%.
“What Kit Carson Electric Cooperative has achieved here today is a phenomenal example of how rural cooperatives can make a significant impact locally for communities as well as globally on climate change,” said Jeffrey M. Heit, Principal and Managing Director, Guzman Energy. “Guzman Energy is proud to be KCEC’s partner delivering a blueprint for energy transition to cooperatives across America.”
About Kit Carson Electric Cooperative
Formed in 1944, Kit Carson is a member owned electric distribution cooperative in northern New Mexico and is the second largest cooperative in the state. Kit Carson is one of 16 electric cooperatives that serve rural New Mexico communities, serving nearly 30,000 members in Taos, Colfax and Rio Arriba counties. To learn more about Kit Carson, visit www.kitcarson.com.
About Guzman Energy
Guzman Energy is a wholesale power provider dedicated to communities in search of affordable and reliable energy. We partner with cooperatives, municipalities, companies, and tribes across North America to customize energy portfolios that make economic and environmental sense for today and tomorrow. Together, we are lighting the way forward. Visit www.guzmanenergy.com.
Jill Petersen
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TULSA, Okla.--(BUSINESS WIRE)--The Society of Exploration Geophysicists Foundation (SEGF) Board of Directors has promoted Katie Burk to the new leadership position of Foundation Managing Director. A 15-year employee of SEG, Burk has been recognized within the industry for her stellar professionalism and performance as a Foundation business leader.
SEG recently quashed talks of possible mergers, announcing its decision to remain an independent organization and accelerate transformation of the Society. The transformation begins a new era for SEG and its Foundation, globally advancing the science, creating and enhancing opportunity for the scientists and expanding the global impact of applied geophysics.
“SEG is building for the future, creating programs for what is next for our Society,” SEG Executive Director Jim White said. "As part of her new role, Katie will lead the Foundation in seeking additional private and corporate support to fund those programs.”
Burk will increase collaboration and partnership across the organization, providing leadership and guidance in establishing and implementing strategic direction, policies, procedures, and engaging with key donors and stakeholders to further the Foundation’s mission and to support SEG programs.
Mike Loudin, chair of SEG Foundation’s Board of Directors, added: "The SEG Foundation is committed to providing financial resources to the SEG in its efforts to support students and practitioners of applied geophysics, and to facilitate the application of geophysics to improve access to water, energy and minerals, and to identify areas prone to earth-related hazards. In her new role, Katie will facilitate the efforts of donors, staff and volunteers to create and strengthen partnerships with new and existing donors, building on our current programs and create exciting new ones. We're all very proud of the work Katie has done for us over the years, and we are looking forward to working with her in this new role."
About SEG
The Society of Exploration Geophysicists is committed to connecting and inspiring the people and science of geophysics. SEG provides educational and technical resources to the global geosciences community through publications, books, events, forums, professional development, young-professionals programs and more. Founded in 1930, SEG fosters the expert and ethical practice of geophysics in exploration and development of natural resources, characterization of near surface, and mitigation of earth hazards. For more information visit www.seg.org.
Stephanie Moore
SEG, Director of Marketing & Communications
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+1.918.497.5547
WASHINGTON--(BUSINESS WIRE)--The Small Refineries Coalition, through spokesperson LeAnn Johnson Koch, responds to the U.S. Environmental Protection Agency’s (EPA) decision to increase 2021 and 2022 renewable fuel volumes and deny small refinery hardship relief.
Despite President Biden’s repeated promises to use ‘every tool at [his] disposal’ to lower fuel prices, today’s actions by EPA do just the opposite -- throwing gasoline on the bonfire of skyrocketing inflation. The result of EPA’s actions, increasing both the 2021 and 2022 RFS blending mandates and simultaneously denying hardship relief to our nation’s smallest refineries, is that Americans will pay even more at the pump, at a time when they can least afford it.
Now more than ever, the needs of American consumers needed to take precedence over the RFS - an entitlement program upon which the biofuel industry has come to rely. Yet, the Biden Administration has chosen to turn its back on the American consumer and ignore the tools at its disposal to spare hard-working men and women more pain at the pump and protect domestic fuel supply. The next time you’re at the gas station, know EPA is the cause of the price you pay.
Small Refinery Coalition is an ad hoc group of businesses owning and operating facilities that refine less than 75,000 barrels of crude oil per day. Members supply liquid fuel markets from California to Pennsylvania, with a heavy role in our nation’s rural markets in Alabama, Mississippi, Louisiana, Arkansas, Oklahoma, Texas, New Mexico, Oklahoma, Colorado, Wyoming, Montana, Washington, California, Washington, North Dakota, Indiana, West Virginia, and Pennsylvania.
LeAnn Johnson Koch
Phone: (202) 253-8152
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Company reaffirms commitment to building a clean energy future with renewable, sustainable power and a more resilient and reliable energy grid
ORANGE, Conn.--(BUSINESS WIRE)--AVANGRID, Inc. (NYSE: AGR), a leading sustainable energy company, today released its 2021 Sustainability Report, titled “Accelerating Transformation.” The report tracks and highlights AVANGRID’s sustainability results towards its environmental, social, governance and financial stewardship – or ESG+F – commitments and how these actions are creating a clean energy future.
“We take great pride in our ESG+F leadership and it is a part of everything we do,” said Laney Brown, Vice President of Sustainability at AVANGRID. “This report reflects the culmination of our sustainability efforts and leadership during 2021, our continued work to accelerate the transition to a clean energy future and our push to achieve our company’s bold and visionary climate and social impact goals. We’re proud of what we accomplished in 2021 and will continue to evolve and accelerate our commitments.”
Among the 2021 achievements highlighted in the report:
In addition to highlighting the company’s 2021 achievements, the Sustainability Report outlines AVANGRID’s ESG goals, which include achieving scope 1 carbon neutrality by 2035, increasing installed renewable energy capacity by 100% by 2025 (compared to 2015), achieving full gender parity for women in senior leadership roles by 2030 and reaching 35,000 employee volunteer hours in 2025.
AVANGRID is among the cleanest U.S. energy companies and is the third largest wind and solar operator in the county. Earlier this year, it was one of the first energy companies to accept the U.S. Department of Energy’s Better Climate Challenge to reduce scope 1 and 2 greenhouse gas emissions by at least 50% in 10 years.
About AVANGRID: AVANGRID, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $40 billion in assets and operations in 24 U.S. states, AVANGRID has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Avangrid Renewables owns and operates a portfolio of renewable energy generation facilities across the United States. AVANGRID employs more than 7,000 people and has been recognized by JUST Capital in 2021 and 2022 as one of the JUST 100 companies – a ranking of America’s best corporate citizens. In 2022, AVANGRID ranked second within the utility sector for its commitment to the environment and the communities it serves. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2022 for the fourth consecutive year by the Ethisphere Institute. For more information, visit www.avangrid.com.
MEDIA:
Sarah Warren
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585-794-9253
SOLON, Ohio--(BUSINESS WIRE)--Energy Focus, Inc. (“Energy Focus,” “we,” “our,” “us” or the “Company”) (NASDAQ:EFOI), a leader in sustainable, energy-efficient lighting and controls systems and ultraviolet-c light disinfection (“UVCD”) products for the commercial, military maritime and consumer markets, today announced that it has entered into definitive securities purchase agreements with certain institutional investors for the issuance and sale of 2,692,310 shares of the Company’s common stock (or pre-funded warrants in lieu thereof) and warrants to purchase up to 2,692,310 shares of common stock, in combinations of one share (or one pre-funded warrant) and one warrant for a combined purchase price of $1.30, in a private placement priced at-the-market under the rules of The Nasdaq Stock Market (“Nasdaq”) pursuant to one or more exemptions from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). Subject to certain ownership limitations, the warrants are exercisable upon issuance. Each warrant is exercisable into one share of common stock at a price per share of $1.30 per share and will expire five years from the initial exercise date. The closing of the private placement is expected to occur on or about June 7, 2022, subject to the satisfaction of customary closing conditions.
H.C. Wainwright & Co. is acting as the exclusive placement agent for the private placement.
The gross proceeds to the Company are expected to be approximately $3.5 million, before deducting placement agent fees and other offering expenses. Energy Focus currently intends to use the net proceeds from the offering for general corporate purposes and may use up to 50% of the net proceeds from the offering to reduce the balance of outstanding promissory notes.
The offer and sale of the foregoing securities are being made in a transaction not involving a public offering and have not been registered under the Securities Act, or applicable state securities laws. Accordingly, the securities may not be reoffered or resold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws.
Under an agreement with the investors, the Company has agreed to file a registration statement with the Securities and Exchange Commission (the “SEC”) covering the resale of the shares of the common stock and the shares of common stock underlying the warrants no later than 15 days after the date of the securities purchase agreement and to use commercially reasonable best efforts to have the registration statement declared effective as promptly as practical thereafter, and in any event no later than 30 days after the securities purchase agreement.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.
About Energy Focus
Energy Focus is an industry-leading innovator of sustainable light-emitting diode (“LED”) lighting and lighting control technologies and solutions, as well as UV-C Disinfection technologies and solutions. As the creator of the first flicker-free LED lamps, Energy Focus develops high quality LED lighting products and controls that provide extensive energy and maintenance savings, as well as aesthetics, safety, health and sustainability benefits over conventional lighting. Our EnFocus™ lighting control platform enables existing and new buildings to provide quality, convenient and affordable, dimmable and color-tunable, circadian and human-centric lighting capabilities. In addition, our patent-pending UVCD technologies and products aim to provide effective, reliable and affordable UVCD solutions for buildings, facilities and homes. Energy Focus’ customers include U.S. and U.S. ally navies, U.S. federal, state and local governments, healthcare and educational institutions, as well as Fortune 500 companies. Since 2007, Energy Focus has installed approximately 900,000 lighting products across the U.S. Navy fleet, including tubular LEDs, waterline security lights, explosion-proof globes and berth lights, saving more than five million gallons of fuel and 300,000 man-hours in lighting maintenance annually. Energy Focus is headquartered in Solon, Ohio. For more information, visit our website at Energy Focus is an industry-leading innovator of sustainable light-emitting diode (“LED”) lighting and lighting control technologies and solutions, as well as UV-C Disinfection technologies and solutions. As the creator of the first flicker-free LED lamps, Energy Focus develops high quality LED lighting products and controls that provide extensive energy and maintenance savings, as well as aesthetics, safety, health and sustainability benefits over conventional lighting. Our EnFocus™ lighting control platform enables existing and new buildings to provide quality, convenient and affordable, dimmable and color-tunable, circadian and human-centric lighting capabilities. In addition, our patent-pending UVCD technologies and products aim to provide effective, reliable and affordable UVCD solutions for buildings, facilities and homes. Energy Focus’ customers include U.S. and U.S. ally navies, U.S. federal, state and local governments, healthcare and educational institutions, as well as Fortune 500 companies. Since 2007, Energy Focus has installed approximately 900,000 lighting products across the U.S. Navy fleet, including tubular LEDs, waterline security lights, explosion-proof globes and berth lights, saving more than five million gallons of fuel and 300,000 man-hours in lighting maintenance annually. Energy Focus is headquartered in Solon, Ohio. For more information, visit our website at www.energyfocus.com.
Forward-Looking Statements:
Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements can generally be identified by the use of forward-looking terminology, including the terms “believes,” “estimates,” “anticipates,” “expects,” “feels,” “seeks,” “forecasts,” “projects,” “intends,” “plans,” “may,” “will,” “should,” “could” or “would” or, in each case, their negative or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts and include statements regarding our intentions, beliefs or current expectations concerning, among other things, our results of operations, financial condition, liquidity, prospects, growth, strategies, capital expenditures, and the industry in which we operate. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Although we base these forward-looking statements on assumptions that we believe are reasonable when made in light of the information currently available to us, we caution you that forward-looking statements are not guarantees of future performance and that our actual results of operations, financial condition and liquidity, and industry developments may differ materially from statements made in or suggested by the forward-looking statements contained in this release. We believe that important factors that could cause our actual results to differ materially from forward-looking statements include, but are not limited to: (i) instability in the U.S. and global economies and business interruptions experienced by us, our customers and our suppliers as a result of the COVID-19 pandemic and related impacts on travel, trade and business operations; (ii) the competitiveness and market acceptance of our LED lighting, control and UVCD technologies, services and products; (iii) our ability to compete effectively against companies with lower prices or cost structures, greater resources, or more rapid development capabilities, and new competitors in our target markets; (iv) our ability to extend our product portfolio into new end markets, including consumer products; (v) our ability to realize the expected novelty, effectiveness, affordability and availability of our UVCD products and their appeal compared to other competing products; (vi) our ability to increase demand in our targeted markets and to manage sales cycles that are difficult to predict and may span several quarters; (vii) the timing of large customer orders, significant expenses and fluctuations between demand and capacity as we invest in growth opportunities; (viii) our ability to successfully scale our network of sales representatives, agents, distributors and other channel partners to compete with the sales reach of larger, established competitors; (ix) our ability to implement plans to increase sales and control expenses; (x) our reliance on a limited number of customers for a significant portion of our revenue, and our ability to maintain or grow such sales levels; (xi) our ability to add new customers to reduce customer concentration; (xii) our need for and ability to obtain additional financing in the near term, on acceptable terms or at all, to continue our operations; (xiii) our ability to refinance or extend maturing debt on acceptable terms or at all; (xiv) our ability to continue as a going concern for a reasonable period of time; (xv) our ability to attract and retain a new chief executive officer (“Chief Executive Officer”) and a new chief financial officer (“Chief Financial Officer”); (xvi) our ability to attract, develop and retain qualified personnel, and to do so in a timely manner; (xvii) our reliance on a limited number of third-party suppliers and research and development partners, our ability to manage third-party product development and obtain critical components and finished products from such suppliers on acceptable terms and of acceptable quality despite ongoing global supply chain challenges, and the impact of our fluctuating demand on the stability of such suppliers; (xviii) our ability to timely, efficiently and cost-effectively transport products from our third-party suppliers by ocean marine and other logistics channels despite global supply chain and logistics disruptions; (xix) the impact of any type of legal inquiry, claim or dispute; (xx) the inflationary or deflationary general economic conditions in the United States and in other markets in which we operate or secure products, which could affect our ability to obtain raw materials, component parts, freight, energy, labor, and sourced finished goods in a timely and cost-effective manner; (xxi) our dependence on military maritime customers and on the levels and timing of government funding available to such customers, as well as the funding resources of our other customers in the public sector and commercial markets; (xxii) business interruptions resulting from geopolitical actions, including war and terrorism, natural disasters, including earthquakes, typhoons, floods and fires, or from health epidemics, or pandemics or other contagious outbreaks; (xxiii) our ability to respond to new lighting and air disinfection technologies and market trends; (xxiv) our ability to fulfill our warranty obligations with safe and reliable products; (xxv) any delays we may encounter in making new products available or fulfilling customer specifications; (xxvi) any flaws or defects in our products or in the manner in which they are used or installed; (xxvii) our ability to protect our intellectual property rights and other confidential information, and manage infringement claims made by others; (xxviii) our compliance with government contracting laws and regulations, through both direct and indirect sale channels, as well as other laws, such as those relating to the environment and health and safety; (xxix) risks inherent in international markets, such as economic and political uncertainty, changing regulatory and tax requirements and currency fluctuations, including tariffs and other potential barriers to international trade; (xxx) our ability to maintain effective internal controls and otherwise comply with our obligations as a public company; and (xxxi) our ability to maintain compliance with the continued listing standards of The Nasdaq Stock Market. For additional factors that could cause our actual results to differ materially from the forward-looking statements, please refer to our most recent annual report on Form 10-K and quarterly reports on Form 10-Q filed with the Securities and Exchange Commission.
Investor Contact:
Brett Maas
(646) 536-7331
PRINCE WILLIAM, Va.--(BUSINESS WIRE)--Capra Biosciences (Capra) today officially announced it has raised $1.8 million in an oversubscribed pre-seed funding round to advance their continuous-flow bioreactor technology, which changes the economics of making sustainable petrochemical replacements using biology. Capra will use the funding to build their production-scale reactor and extend its capabilities to include the production of lubricants.
Located in the Prince William Science Accelerator, the company works at the intersection of biology and hardware engineering to build a new kind of continuous flow bioreactor that leverages the unique features of their platform organism. Capra Biosciences emerged from the competitive IndieBio program backed by SOSV. Pre-seed investors include Prithvi Ventures; the E14 Fund; GS Futures; Antimo’s president – Wes Osbourn; Savantus Ventures; Asymmetry Ventures; the Decarbonization Consortium; and SOSV, among others.
"Reaching this funding milestone is important because our production-scale reactor is modular,” said Dr. Andrew Magyar, Capra’s co-founder and chief technology officer. "Much like a data center’s capacity grows as it adds individual hard drives, our platform’s ability to produce chemicals at scale grows with each bioreactor we add. This enables us to avoid many of the scale-up challenges experienced in traditional bioreactors. The funding allows us to move quickly into our production scale bioreactor."
"Capra Biosciences is the kind of bioscience success story the Prince William Science Accelerator was built to grow,” said Christina Winn, executive director, Prince William County Department of Economic Development. “Congratulations on a tremendous pre-seed raise and we look forward to supporting Capra through their future expansions!"
Capra’s first product is retinol, a highly lucrative cosmetic ingredient used in anti-aging products. Capra’s novel approach to retinol production uses biology rather than fossil fuels for production, unlike other products currently on the market.
The company is also pursuing several aviation and industrial lubricants for future production phases. Like retinol, the $150B lubricant market is closely linked to petrochemicals. Capra is breaking the link to fossil fuels and providing a cleaner, more sustainable path for lubricant production. The company makes renewable products using sources of carbon that don’t compete with food sources or divert undeveloped land towards agricultural production.
"Even most climate-focused VCs haven’t thought about the massive, $150B lubricants market. But they should. 20% of the world’s energy is spent overcoming friction," said Po Bronson, managing director of IndieBio and General Partner at SOSV. “All motors and all moving parts need lubricants – from robots to spacecraft, to machines and elevators. The secret is that biology can make sophisticated compounds that petroleum chemistry cannot, enabling performance characteristics that make machines last longer.”
Capra's co-founder and CEO, Dr. Elizabeth Onderko, invented the company’s bioreactor technology as a postdoctoral associate at the U.S. Naval Research Laboratory (NRL) along with her advisor Dr. Sarah Glaven, federal employee Dr. Matthew Yates, and Dr. Magyar.
The Capra team continues to support the development of this technology to address Department of Defense needs through a cooperative research and development agreement (CRADA).
"This partnership is a prime example for how fundamental research can be developed, matured, and successfully transitioned from NRL benchtop to commercial partner. The Technology Transfer Office often facilitates these types of efforts through various mechanisms which aim to incentivize businesses and bring forth investment capital," said Dr. Stephen Deese, NRL Partnership Manager.
"We’re excited to make products that create a positive impact on the world, while simultaneously reducing carbon emissions," said Dr. Onderko. "Our production scale reactor empowers us to place samples of retinol, Capra’s first product, into customers hands for evaluation - our first step to decarbonizing the chemical industry. Next up we’re developing sustainable, high-performance lubricants and many other chemical products – allowing us to start reducing the more than three gigatons of greenhouse gas emissions from chemical manufacturing. The potential for our technology is massive, and we’re very thankful to our investors for sharing in our vision."
About Capra Biosciences
Capra Biosciences is venture-backed startup company focused on sustainable production of petrochemical replacements using their biofilm bioreactor platform. Capra Biosciences is located in Manassas, VA. https://www.caprabiosciences.com
About the U.S. Naval Research Laboratory
NRL is a scientific and engineering command dedicated to research that drives innovative advances for the U.S. Navy and Marine Corps from the seafloor to space and in the information domain. NRL is located in Washington, D.C. with major field sites in Stennis Space Center, Mississippi; Key West, Florida; Monterey, California, and employs approximately 3,000 civilian scientists, engineers and support personnel. https://www.nrl.navy.mil
About the Prince William County Department of Economic Development
The Prince William County Department of Economic Development offers services to support and promote existing business expansion and attract new businesses to PWC. For more information, the Department of Economic Development can be reached via email at This email address is being protected from spambots. You need JavaScript enabled to view it., via phone at 703-792-5500, or via fax at 703-792-5502. Learn more about the Department at pwcded.org.
Prince William County Department of Economic Development
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Phone: 703-792-5500
Fax: 703-792-5502
RESTON, Va.--(BUSINESS WIRE)--Bowman Consulting Group Ltd. (the “Company” or “Bowman”) (NASDAQ: BWMN), today announced the purchase of Fabre Engineering, Inc. (“Fabre”). Founded in 1981 and headquartered in Pensacola, Florida, Fabre provides comprehensive civil engineering and land surveying to a variety of public and private clients in Florida, Alabama, and Mississippi. Under the leadership of Frank Fabre, the company’s founder, Fabre specializes in water, stormwater and wastewater solutions, airports, land use planning for private developers and municipal agencies, and broad-based geomatics and land surveying services.
“Frank and the extended Fabre team have a long history in the Gulf Coast,” said Gary Bowman, CEO of Bowman. “Our southeast region will no doubt benefit from the addition of Fabre’s skilled workforce and diverse base of clients. We are all excited to welcome Fabre’s team of experienced professionals to Bowman and look forward to the cross-selling, service line augmentation and collaboration opportunities that will result from this acquisition.”
“There’s a significant amount of synergy between Fabre and Bowman,” said Frank Fabre, founder, and President of Fabre. “We are looking forward to joining with an organization that shares our work ethic and commitment to quality. I am confident that we have found the right fit for our people and our clients and I believe that our team will be able to contribute meaningfully to Bowman’s growth along the Gulf Coast and throughout the greater southeast.”
The acquisition, which the Company expects to be immediately accretive, was financed with a combination of cash and seller financing. The Company expects the Fabre acquisition to initially contribute approximately $1.5 million of annualized net service billing.
“Fabre is another exciting acquisition that is aligned with our long-term strategic growth initiative,” said Bruce Labovitz, Bowman’s CFO. “The Fabre acquisition was closed at a favorable multiple relative to our stated range and it meets all objectives for operating metrics. As is our practice, we will provide more detailed information on M&A activities, pipeline, and guidance in connection with our scheduled quarterly communications.”
About Fabre Engineering, Inc.
Fabre Engineering, Inc. (“Fabre”) was founded in 1981 by Frank Fabre and has been providing clients with civil and environmental engineering and land surveying services for over thirty years. Fabre’s clients include counties, cities, water and wastewater utilities, land developers, engineers, architects, school districts, the Department of Defense, industries, and other governmental agencies. Fabre’s professional engineering and surveying specialists use expert knowledge and state of the art technology to meet every challenge encountered. Fabre’s solutions are cost-efficient, tested, proven, and sustainable; and delivered with professional and friendly customer service. Fabre does business as Fabre Engineering & Surveying in Florida and Alabama and as Fabre-Tant Engineering & Surveying in Mississippi. Additional information on Fabre, its team, and its projects can be found at fabreinc.com.
About Bowman Consulting Group Ltd.
Headquartered in Reston, Virginia, Bowman is an engineering services firm delivering infrastructure solutions to customers who own, develop, and maintain the built environment. With over 1,400 employees and more than 60 offices throughout the United Sates, Bowman provides a variety of planning, engineering, construction management, commissioning, environmental consulting, geomatics, survey, land procurement and other technical services to customers operating in a diverse set of regulated end markets. Bowman trades on the Nasdaq under the symbol BWMN. For more information, visit www.bowman.com or investors.bowman.com.
Forward-Looking Statements
This press release may contain “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements contained in this press release other than statements of historical fact, including statements regarding our future results of operations and financial position, business strategy and plans and objectives for future operations, are forward-looking statements and represent our views as of the date of this press release. The words “anticipate”, “believe”, “continue”, “estimate”, “expect”, “intend”, “may”, “will”, “goal” and similar expressions are intended to identify forward-looking statements. We have based these forward-looking statements on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives and financial needs, These forward-looking statements are subject to several assumptions and risks and uncertainties, many of which involve factors or circumstances that are beyond our control that could affect our financial results. The Company cautions that these statements are qualified by important factors that could cause actual results to differ materially from those reflected by the forward-looking statements contained in this news release. Such factors include: (a) changes in demand from the local and state government and private clients that we serve; (b) general economic conditions, nationally and globally, and their effect on the market for our services; (c) competitive pressures and trends in our industry and our ability to successfully compete with our competitors; (d) changes in laws, regulations, or policies; and (e) the “Risk Factors” set forth in the Company’s most recent SEC filings. Considering these risks, uncertainties and assumptions, the future events and trends discussed in this press release may not occur and actual results could differ materially and adversely from those anticipates or implied in any forward-looking statements. Except as required by law, we are under no obligation to update these forward-looking statements after the date of this press release, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements.
Investor Relations
Bruce Labovitz
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(703) 787-3403
Megan McGrath
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(310) 622-8248
25-Year Agreement for LNG for Supply from Energy Transfer’s Lake Charles LNG Export Facility Represents First Long-Term LNG Contract Signed by China Gas
DALLAS--(BUSINESS WIRE)--#energytransfer--Energy Transfer LP (NYSE: ET) and China Gas Holdings Limited (HKEX:00384) today announced that China Gas Hongda Energy Trading Co., LTD, a subsidiary of China Gas Holdings Limited (China Gas) has entered into an LNG Sale and Purchase Agreement with Energy Transfer LNG Export, LLC (Energy Transfer LNG), a subsidiary of Dallas-based Energy Transfer LP, related to its Lake Charles LNG project.
Under the SPA, Energy Transfer LNG will supply 0.7 million tonnes of LNG per annum to China Gas on a free-on-board (FOB) basis. The purchase price is indexed to the Henry Hub benchmark plus a fixed liquefaction charge. The SPA is for a term of 25 years, and first deliveries are expected to commence as early as 2026. The SPAs will become fully effective upon the satisfaction of the conditions precedent, including Energy Transfer LNG taking final investment decision (FID).
“This LNG SPA signed with Energy Transfer LNG, which is the first long-term contract of China Gas, strengthens our existing portfolio for the import of LNG, and will further enable China Gas to reliably and securely meet our natural gas customers’ needs. It is also an important step along the path to realizing China’s carbon peaking and carbon neutrality goals,” said Yalong Qi, General Manager of China Gas Hongda Energy Trading Co., LTD.
“China Gas is a premier natural gas distribution company in China, and we are pleased to enter into this 25-year LNG offtake agreement with them,” said Tom Mason, President of Energy Transfer LNG. “This SPA brings our total amount of LNG contracted from our Lake Charles LNG export facility to nearly 6.0 mtpa and is an important step towards our goal of reaching FID later this year.”
Energy Transfer is one of the largest and most diversified midstream energy companies in North America, with a strategic footprint in all of the major U.S. production basins. Energy Transfer’s Lake Charles LNG export facility will be constructed on the existing brownfield regasification facility and will capitalize on four existing LNG storage tanks, two deep water berths and other LNG infrastructure. Lake Charles LNG has received all federal, state and local permits necessary for the construction for the project, including authorizations from the Federal Energy Regulatory Commission, as well as export authorizations from the Department of Energy. Lake Charles LNG will also benefit from its direct connection to Energy Transfer’s existing Trunkline pipeline system that in turn provides connections to multiple intrastate and interstate pipelines. These pipelines allow access to multiple natural gas producing basins, including the Haynesville, the Permian and the Marcellus Shale.
About China Gas
China Gas Holdings Limited (HKEX: 00384) is a leading gas service provider in China, principally engaged in the investment, construction and management of city gas pipeline infrastructure, distribution of natural gas and LPG to residential, industrial and commercial users, and gas refilling stations for vehicles and vessels. China Gas owns a total of 652 city and township gas projects with concession rights, 32 natural gas long-distance pipeline transmission projects, 554 CNG/LNG refilling stations for vehicles, as well as the license to import and export LNG and other fuel products in China, in addition to 113 LPG distribution projects.
About Energy Transfer
Energy Transfer LP (NYSE: ET) owns and operates one of the largest and most diversified portfolios of energy assets in North America, with a strategic footprint in all of the major U.S. production basins. Energy Transfer is a publicly traded limited partnership with core operations that include complementary natural gas midstream, intrastate and interstate transportation and storage assets; crude oil, natural gas liquids (NGL) and refined product transportation and terminalling assets; and NGL fractionation. Energy Transfer also owns Lake Charles LNG Company, as well as the general partner interests, the incentive distribution rights and 28.5 million common units of Sunoco LP (NYSE: SUN), and the general partner interests and 46.1 million common units of USA Compression Partners, LP (NYSE: USAC).
Forward Looking Statements
This press release may include certain statements concerning expectations for the future that are forward-looking statements as defined by federal law. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management’s control. An extensive list of factors that can affect future results are discussed in the Partnership’s Annual Report on Form 10-K and other documents filed from time to time with the Securities and Exchange Commission. In addition to the risks and uncertainties previously disclosed, the Partnership has also been, or may in the future be, impacted by new or heightened risks related to the COVID-19 pandemic, and we cannot predict the length and ultimate impact of those risks. The Partnership undertakes no obligation to update or revise any forward-looking statement to reflect new information or events.
The information contained in this press release is available on our website at energytransfer.com.
Media Relations
Vicki Granado or Lauren Atchley
214-840-5820
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Investor Relations
Bill Baerg, Brent Ratliff or Lyndsay Hannah
214-981-0795
KLEEN+ Proven to Reduce Greenhouse Gas Emissions as Much as 78% by Infinitely Recycling Used Oil
NORWELL, Mass.--(BUSINESS WIRE)--In conjunction with World Environment Day, Safety-Kleen, North America’s largest recycler of used oil, unveiled KLEEN+™, a new family of base oil grades aimed at redefining the market and lowering the environmental impact of automotive and industrial lubricants by reducing their carbon footprint.
Fossil fuels and their oil derivatives are a major contributor of greenhouse gas emissions, yet more than 90% of North America’s lubricants are derived from virgin crude oil. Instead of requiring more crude from the ground, Safety-Kleen collects more than 230 million gallons of used oil annually from more than 100,000 customers. Safety-Kleen then converts these used lubricants into a higher quality re-refined product to be sold back into the market. The model is an environmentally beneficial, closed loop process that can continue infinitely.
“With the rollout of KLEEN+, we are communicating to the industry that re-refined base oil enables the best of all worlds – a high-quality base stock that delivers enhanced performance in end products with the additional benefit of being uniquely sustainable,” said Executive Vice President of Safety-Kleen Oil Craig Linington. “The re-refining industry, led by Safety-Kleen, has made impressive technological advancements and product enhancements since the 1980s. Our new brand represents the culmination of nearly four decades of scientific research and investment in our facilities. With KLEEN+, we have arrived to where we are now delivering a premium product that is technologically superior to, and of greater quality than, equivalent base oils derived from crude, and with a vastly smaller carbon footprint.”
Base oil is one of the most processed elements of a barrel of crude and, for that reason, carries a large carbon footprint. A life cycle assessment of the carbon footprint of KLEEN+ recently conducted for Safety-Kleen by Ramboll, an independent engineering consulting firm, concluded that Safety-Kleen’s base oil achieved as much as a 78% reduction in greenhouse gas emissions compared to base oil made via a traditional refining process on a per gallon basis.
The third-party study also revealed that every gallon of used oil recycled into re-refined base oil versus a traditional refining process results in the avoidance of 10 kg of carbon dioxide being released. One hundred gallons of KLEEN+ avoids one metric ton of greenhouse gases as compared to traditional refining. Owned by Clean Harbors (NYSE:CLH), North America’s leading environmental services provider, Safety-Kleen operates seven re-refineries located across North America – including the world’s largest in East Chicago, Indiana. Safety-Kleen’s facilities produce approximately 150 million gallons of base oil annually. These plants have re-refined more than 4.1 billion gallons of used oil since their opening enabling that used oil to have a second life as a high-quality lubricant. On an annual basis, Safety-Kleen’s re-refineries avoid an estimated 1.5 million metric tons of greenhouse gases – the equivalent of having 3.7 billion miles driven by gas-powered automobiles.
The re-refining process takes feedstock containing molecules that have already been refined, and enhances them again, creating the superior quality and performance of KLEEN+. By distilling the used oil to take out the impurities and then hydrotreating the remainder, Safety-Kleen’s facilities generate the formation of very narrow and tight hydrocarbon bands within its base oils. The result is that the KLEEN+ brand carries molecular bonds stronger than traditional base oils and with better overall lubricating performance. These base oils are formulated with a chemical structure that’s more resistant to heat or breakdown. Safety-Kleen only requires approximately 1.4 gallons of used oil to produce one gallon of KLEEN+ while refiners typically process 42 gallons of drilled crude oil to produce one gallon of base oil.
“Simply put, KLEEN+ is just better. It’s not only better for the environment, but better for any engine or equipment that requires lubrication,” said Senior Vice President of Safety-Kleen Oil, Dr. Joel Garrett, who holds a doctorate in sustainable chemistry. “KLEEN+ represents the ideal mixture of quality and sustainability. Safety-Kleen has invested hundreds of millions of dollars over many decades in developing the most advanced re-refining engineering technology and facilities – all to ensure the highest quality base oils that also combat climate change by attaining a low carbon profile. Despite the fact we are the largest collector and recycler of waste oil, we recognize both the scarcity and value of our products.”
KLEEN+ boasts a higher viscosity index than traditional base oil along with numerous quality advantages. These include excellent cold temperature properties, lower volatility, little to no impurities or aromatics, excellent color stability, higher oxidation, and more thermal stability.
KLEEN+ can be sold directly to lubricant manufacturers for a variety of applications including engine oils, metalworking products and specialty coating applications, or it can be blended and sold as finished products, including passenger car, heavy duty, hydraulic fluids and other industrial lubricants. Safety-Kleen has been using its re-refined base oil to produce its own line of branded motor oils and lubricants for more than a decade.
Safety-Kleen’s Performance Plus brand of motor oils has been used by NASCAR, NHRA and Monster Jam race teams, the U.S. military, state police departments and car rental agencies. It’s been repeatedly endorsed by racing’s all-time-great Richard Petty who recommends it for its quality through Petty’s Garage.
“The demand for our re-refined base oils has steadily grown over the past decade – as has the quality, due in part to the increased proliferation of synthetics in our feedstock,” said Linington. “We expect that trend to continue going forward, which ensures that all grades of our KLEEN+ base oil will realize continuous improvement in quality year after year. At the same time, the positive environmental impact of our base oil should not be understated. Beyond lubricating success in fleets, motorsports, mission critical operations and passenger cars, our KLEEN+ family of base oils is tangibly protecting the environment through a significant reduction in carbon dioxide production.”
He added, “It’s the most credible ‘green’ solution available in the market today.”
Operating from more than 200 branch locations, Safety-Kleen is ready to deliver KLEEN+ to customers across North America, particularly those that want to improve quality and support their sustainability initiatives.
About Clean Harbors
Clean Harbors (NYSE: CLH) is North America’s leading provider of environmental and industrial services. The Company serves a diverse customer base, including a majority of Fortune 500 companies. Its customer base spans a number of industries, including chemical, energy and manufacturing, as well as numerous government agencies. These customers rely on Clean Harbors to deliver a broad range of services such as end-to-end hazardous waste management, emergency spill response, industrial cleaning and maintenance, and recycling services. Through its Safety-Kleen subsidiary, Clean Harbors also is North America’s largest re-refiner and recycler of used oil and a leading provider of parts washers and environmental services to commercial, industrial and automotive customers. Founded in 1980 and based in Massachusetts, Clean Harbors operates in the United States, Canada, Mexico, Puerto Rico and India. For more information, visit www.cleanharbors.com.
Media:
Keith Ferguson
Director of Communications
Clean Harbors, Inc.
781.264.8587
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Jim Buckley
SVP, Corporate Communications
Clean Harbors, Inc.
781.792.5100
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Customer:
Joel Garrett
Senior Vice President of Safety-Kleen Oil
Clean Harbors, Inc.
781.792.5000
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CAESAREA, Israel--(BUSINESS WIRE)--infiniDome, a leading provider of GPS protection and navigation resiliency solutions and C-Astral, an industry leader in fixed-wing UAVs will be showcasing their technologies at the Eurosatory conference, Europe’s largest international security and defense exhibition. C-Astral has integrated infiniDome’s GPSdome which protects their UAVs from jamming attacks adding resiliency in GPS challenged environments.
InfiniDome develops GPS protection and resilient navigation solutions tailored for defending UAVs and vehicles from jamming attacks. infiniDome’s GPSdome is a tiny (74x47x25mm, 150g) retrofit device compatible with any GNSS based system, tailored for class 1-3 drones. Once the system is easily installed, it uses a nulling algorithm to attenuate the jamming signal in the direction of attack, allowing navigation and operation to continue in GPS challenged environments. “We view C-Astral is one of the leading fixed-wing UAVs developers in the world today with incredible design and record flight endurance. Now with our GPSdome, the C-Astral platforms get a competitive advantage in resilience making their systems even more robust for their customers and missions.” Said Omer Sharar, CEO of infiniDome.
C-ASTRAL Aerospace is a global market leader with an established reputation in the specialized, fixed-wing small Uncrewed Aircraft Systems (sUAS) manufacturing and services field. Besides systems integration, the company has developed avionics and proprietary, secure and adaptable mesh communication systems as well as the capability to integrate its systems with unmanned air traffic management and C4ISR solutions. C-ASTRAL Aerospace customer base is diversified between the commercial UAS operators, larger institutional networks, scientific users and government entities in more than 70 countries and the company has extensive experience in NATO and NATO compatible integrations.
C-Astral integrates GPSdome into their SQA eVTOL. The GPSdome technology combines patterns from two omnidirectional antennas and integrates seamlessly into C-Astral’s UAV GNSS system, filtering out any RF interference. “The infiniDome system really helps us and especially our customers to mitigate jamming problems that we are seeing in complex contemporary electromagnetic environments” Said Marko Peljhan, co-founder of C-Astral.
infiniDome and C-Astral will showcase their technology at Eurosatory on June 13th in Paris, France. Eurosatory is Europe’s largest international security and defense exhibition featuring land, air, maritime defense, and a strong focus on civil and homeland security.
infiniDome will be in the ‘Eurosatory Lab’ located in hall 5A. C-Astral will be at booth J-138 in Hall No. 6.
Noa Zilkha
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DUBLIN--(BUSINESS WIRE)--The "Boat Building Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.
The global boat building market is expected to grow from $29.91 billion in 2021 to $32.6 billion in 2022 at a compound annual growth rate (CAGR) of 9%. The market is expected to grow to $44.18 billion in 2026 at a compound annual growth rate (CAGR) of 7.9%.
Major players in the boat building market are Armstrong Marine USA Inc., Brunswick Corporation (BC), Survitec Group, Ancasta International Boat Sales Ltd, Metal Shark, Gulf Craft LLC, Dakota Creek Industries Inc., and Main Iron Works.
The boat building market consists of sales of boats and related services by entities (organizations, sole traders, and partnerships) that operate shipyards or boatyards. Shipyards and boatyards are fixed facilities with drydocks and fabrication equipment capable of building boats, including dinghies, hovercrafts, motorboats, rowboats, yachts, sailboats, and inflatable rubber boats. Only goods and services are traded between entities or sold to end consumers.
The main types of boat building are recreational boats, commercial boats, military boats, other types. Recreational boats refer to the boats that are used for recreational purposes. The various propulsions include motorboats, sailboats. It is used in various applications such as private use, commercial use, military use.
North America was the largest region in the boat building market in 2021. Asia Pacific was the second largest market in boat building market. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa.
The increasing demand for recreational boats is anticipated to boost the demand for the boat-building market. Recreational boating is a popular leisure activity across the globe. Many people participate in recreational boating activities such as water skiing, fishing, and travel.
According to the National Marine Manufacturers Association (NMMA) representing recreational boat, marine accessories, and engine manufacturers, the USA recreational boating industry saw a seventh consecutive year of growth with the retail unit sales of new powerboats of about 280,000 units, and the sales grew by approximately 3% to 4% in 2019. Therefore, the surge in recreational boating is likely to contribute to the demand for boat building.
Environmental concerns associated with the usage of certain materials such as exotic woods, plastics, and resins during boat manufacturing are expected to limit the growth of the boat building market. Exotic woods from forests, plastics, and resins manufactured from petroleum have a significant environmental impact.
There are many environmental issues associated with boat building due to hazardous chemicals used in boat building, exhaust emissions from boat engines, evaporative emissions from fuel systems, and styrene emissions. According to the United States Environmental Protection Agency, boat manufacturing has been identified as a major source of hazardous air pollution. Furthermore, global issues such as energy usage and minimizing the carbon footprint is major challenge for players operating in the boat building market.
The development of autonomous boats is gaining popularity in the boat building market. Top companies in the market are developing technologically advanced autonomous boats to maintain their position in a competitive business environment.
For instance, in August 2020, Ocious Technology Ltd., an Australian public listed company, provided Australia with autonomous boats to watch out for refugees at sea. The company was awarded $5.5 billion by the Australian government's Department of Defense for the development of autonomous unmanned surface vessels.
In May 2019, Hike Metal, a Canada-based boat builder, collaborated with Sea Machine Robotics, a US-based autonomous technology company engaged in building autonomous and navigation systems for the commercial boating and marine industry, to develop an unmanned search-and-rescue (SAR) boat.
In April 2020, Century Boats, an American boat building company, acquired Vanquish Boats, a US-based dayboat manufacturer for an undisclosed amount. The acquisition is expected to expand Century Boats' dealership, distribution network, and service network.
The existing models of Vanquish will be reintroduced as Century Coronado, which will add to Century Boats' existing product portfolio. Vanquish Boat is a builder of a dual console, cuddy, premium center console, and runabout dayboats.
Key Topics Covered:
1. Executive Summary
2. Boat Building Market Characteristics
3. Boat Building Market Trends And Strategies
4. Impact Of COVID-19 On Boat Building
5. Boat Building Market Size And Growth
5.1. Global Boat Building Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Boat Building Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Boat Building Market Segmentation
6.1. Global Boat Building Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
6.2. Global Boat Building Market, Segmentation By Propulsion, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
6.3. Global Boat Building Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7. Boat Building Market Regional And Country Analysis
7.1. Global Boat Building Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Boat Building Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/kw762x
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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