TULSA, Okla.--(BUSINESS WIRE)--Williams (NYSE: WMB) announced today that it recently delivered a record amount of natural gas on its Transco interstate pipeline, providing essential and reliable service to natural gas distribution companies, electric power generators, LNG exporters and other customers located along the Eastern Seaboard and Gulf Coast.
Transco, the nation’s largest-volume natural gas transmission system, delivered a record-breaking 17.15 million dekatherms (MMdt) on Jan. 3, 2022. The new peak-day mark surpasses the previous high that was set on Feb. 20, 2020. While extreme winter weather usually coincides with peak-day deliveries, the volume record this week was due to continued expansions on Transco to serve the growing demands for U.S. natural gas.
To meet this demand, Williams has nearly tripled contracted capacity on Transco to approximately 18.7 MMdt/d in 2021 (from 6.6 MMdt/d in 2008) primarily through incremental growth projects along Transco’s existing footprint. Leidy South was the most recently completed expansion project to maximize the use of Transco’s existing corridor and minimize environmental impacts.
“The value of safe, dependable natural gas infrastructure becomes abundantly clear when millions of homes, businesses and manufacturing facilities across the United States need reliable, low-cost energy more than ever,” said Alan Armstrong, president and chief executive officer of Williams. “We are proud to deliver this critical service all year long and especially during winter periods of peak demand when it is most appreciated. I want to thank our teams for their dedication to safe and efficient execution on projects while also keeping our operations running smoothly so Williams can be there for our customers as they work to bring clean, affordable and reliable natural gas to consumers.”
Transco is the nation’s largest-volume interstate natural gas pipeline system. It delivers natural gas to customers through its approximately 10,000-mile pipeline network whose mainline extends approximately 1,800 miles between South Texas and New York City. The system is a major provider of cost-effective natural gas services that reach U.S. markets in 12 Southeast and Atlantic Seaboard states, including major metropolitan areas in New York, New Jersey and Pennsylvania.
About Williams
Williams (NYSE: WMB) is committed to being the leader in providing infrastructure that safely delivers natural gas products to reliably fuel the clean energy economy. Headquartered in Tulsa, Oklahoma, Williams is an industry-leading, investment grade C-Corp with operations across the natural gas value chain including gathering, processing, interstate transportation and storage of natural gas and natural gas liquids. With major positions in top U.S. supply basins, Williams connects the best supplies with the growing demand for clean energy. Williams owns and operates more than 30,000 miles of pipelines system wide – including Transco, the nation’s largest volume and fastest growing pipeline – and handles approximately 30 percent of the natural gas in the United States that is used every day for clean-power generation, heating and industrial use.
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$92 million secured in financing and tax equity funding
DALLAS--(BUSINESS WIRE)--Leeward Renewable Energy, LLC (Leeward) today announced the company has successfully completed the full-scale repower of its Crescent Ridge Wind Project (“Crescent Ridge”) located in Tiskilwa, Illinois.
The 54.4 megawatt (MW) Crescent Ridge repower included decommissioning nine turbines, repowering 24 legacy turbines and constructing four new turbines. The upgrades utilize the latest Vestas technology, enhancing turbine capacity, reliability and performance, while reducing operating costs.
Wells Fargo served as coordination lead arranger, administrative agent, and collateral agent on the $92 million financing for the project, including a construction plus a five-year term loan, tax equity bridge loan, and a letter of credit facility, along with a commitment to provide tax equity. Concurrently with the completion of construction, the construction loan converted to a five-year term loan, and the tax equity bridge loan was discharged with proceeds from the funding of Wells Fargo’s tax equity commitment. Santander Bank, N.A. served as joint lead arranger.
The project will help Amazon meet its Climate Pledge commitment to reach net-zero carbon by 2040 and get one step closer to powering its operations with 100% renewable energy by 2025, 5 years ahead of the original 2030 target.
“We are pleased that our Crescent Ridge project is operational and are proud to have provided jobs and other economic benefits to the Tiskilwa community throughout the construction and repower process,” said Leeward VP of Project Management and Construction, Sam Mangrum. “I would like to thank the local landowners for their support and look forward to continue working closely with them in the years to come.”
“This project gave Leeward the opportunity to work with multiple new and existing partners,” added Chris Loehr, Chief Financial Officer at Leeward. “We were thrilled to continue our strong relationship with Wells Fargo and Santander in financing the construction and ongoing operations. The respective commitments made by these established companies demonstrates their confidence in our technology and team to deliver clean, reliable energy.”
About Leeward Renewable Energy
Leeward Renewable Energy, LLC is a leading renewable energy company that owns and operates a portfolio of 22 renewable energy facilities across nine states totaling approximately 2,000 megawatts of generating capacity. Leeward is actively developing new wind, solar, and energy storage projects in energy markets across the U.S., with 17 gigawatts under development spanning over 100 projects. Leeward is a portfolio company of OMERS Infrastructure, an investment arm of OMERS, one of Canada’s largest defined benefit pension plans with C$114 billion in net assets (as at June 30, 2021). For more information, visit www.leewardenergy.com.
Kelly Kimberly
Sard Verbinnen & Co.
713.822.7538
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LOVELAND, Colo.--(BUSINESS WIRE)--$ZEV #boxtrucks--Lightning eMotors (NYSE: ZEV), a leading provider of medium-duty and specialty commercial electric vehicles for fleets, today announced that its customer fleets have surpassed one million miles driven. The million-mile milestone represents Lightning’s on-road, fully electric, customer-owned and operated fleet vehicles. When Lightning’s former low-emission powertrains are included, the company’s customer-owned and operated fleets have driven more than four million miles.
The one million all-electric miles were logged on roads and highways across the United States and Canada on nine different vehicle platforms ranging from Class 3 through Class 7, and six different vertical market applications such as ambulances, cargo vans, delivery trucks, school buses, shuttle buses and transit buses. Lightning eMotors is currently accumulating zero-emission miles at over 25,000 miles per month. As Lightning accelerates its delivery of additional zero-emission vehicles, that rate will continue to rise. The single Lightning vehicle with the most road time now has over 54,000 all-electric miles.
By removing one million internal combustion vehicle miles from the road, Lightning eMotors has prevented approximately 900 tons of CO2 from being emitted into the atmosphere.
“Lighting has been putting zero-emission commercial vehicles on the road for over four years,” said Nick Bettis, director of marketing and sales operations. “We see this acceleration in fleet miles accumulation as the ultimate customer validation.”
Real-time mileage data was collected via the Lightning eMotors Telematics and Analytics system that is integrated with all Lightning vehicles and powertrains.
“It's important to note that this milestone was reached using only real-world data from zero emission all-electric vehicles,” Kash Sethi, chief revenue officer for Lightning eMotors said. “Many alternative fuel manufacturers who are only now pivoting to all-electric include hybrid or CNG miles in their marketing claims, and most also include dynamometer-simulated miles that don’t take into account on-road and seasonal driving conditions. That makes a big difference when it comes to evaluating how a vehicle is really performing. When you buy a zero-emission vehicle from Lightning eMotors, you can be assured it has been put through its paces.”
About Lightning eMotors:
Lightning eMotors (NYSE: ZEV) has been providing specialized and sustainable fleet solutions since 2009, deploying complete zero-emission-vehicle (ZEV) solutions for commercial fleets since 2018 – including Class 3 cargo and passenger vans, ambulances, Class 4 and 5 cargo vans and shuttle buses, Class 4 Type A school buses, Class 6 work trucks, Class 7 city buses, and Class A motor coaches. The Lightning eMotors team designs, engineers, customizes, and manufactures zero-emission vehicles to support the wide array of fleet customer needs with a full suite of control software, telematics, analytics, and charging solutions to simplify the buying and ownership experience and maximize uptime and energy efficiency. To learn more, visit our website at https://lightningemotors.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Such forward-looking statements include, but are not limited to, potential future vehicle deployments, potential future fleet mileage accumulations and Lightning eMotors’ expectations, hopes, beliefs, intentions, plans, prospects or strategies regarding the future business plans. Any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements contained in this press release are based on certain assumptions and analyses made by the management of Lightning eMotors in light of their respective experience and perception of historical trends, current conditions and expected future developments and their potential effects on Lightning eMotors as well as other factors they believe are appropriate in the circumstances. There can be no assurance that future developments affecting Lightning eMotors will be those anticipated. These forward-looking statements contained in this press release are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause actual results or outcomes to be materially different from any future results or outcomes expressed or implied by the forward-looking statements. These risks, uncertainties, assumptions and other factors include, but are not limited to: (i) those related to Lightning eMotors’ operations and business and financial performance; (ii) the ability of Lightning eMotors to execute on its business strategy and grow demand for its products and revenue; (iii) the potential increases in costs or shortage of materials required to develop and manufacture the eChassis; (iv) the potential severity, magnitude and duration of the COVID-19 pandemic as it affects the business operations, global supply chains, financial results and position of Lightning eMotors and on the U.S. and global economy; (v) current market conditions and federal, state, and local laws, regulations and government incentives, particularly those related to the commercial electric vehicle market; (vi) the size and growth of the markets in which Lightning eMotors operates; (vii) the mix of products utilized by Lightning eMotors’ customers and such customers’ needs for these products; (viii) market acceptance of new product offerings and whether this will be a catalyst for others to purchase electric vehicles and (ix) the rate at which customers deploy our electric vehicle. These and other risks are described more fully in Lightning eMotors’ filings with the Securities and Exchange Commission and other documents that it subsequently files with the SEC from time to time. Moreover, Lightning eMotors operates in a competitive and rapidly changing environment, and new risks may emerge from time to time. You should not put undue reliance on any forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved, if at all. Should one or more of these risks or uncertainties materialize or should any of the assumptions being made prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. Lightning eMotors undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.
Lightning eMotors’ News Media Contact:
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Deal represents Generate’s debut transaction in Latin America as the sustainable infrastructure company grows its global footprint
LONDRINA, Brazil & SAN FRANCISCO--(BUSINESS WIRE)--Conasa Infraestrutura S.A., an owner and operator of concessions in water, wastewater sanitation, highway and public lighting across Brazil, today announced that it has closed a transaction raising significant equity capital from Generate Capital, a leading sustainable infrastructure company which owns and operates more than 2,000 assets across North America.
The transaction will provide Conasa with additional growth capital to accelerate the deployment of essential public services and sustainable infrastructure resources across Brazil. Conasa’s projects today serve 1,395,000 inhabitants in water and sanitation, operating 1.520 km (944 miles) of toll roads and 283,000 public lighting points, reaching 3.3 million inhabitants. Conasa has issued $R 403 million ($71.4 million) of new shares to Generate as part of the deal, and Generate will co-control the company with the founders.
“We’re happy to announce this transaction and partner with a leader in sustainable infrastructure like Generate,” said Mario Vieira Marcondes Neto, chief executive officer of Conasa. “Generate shares our vision of developing infrastructure that meets the needs of our customers, communities and the country, and will be a valued partner as we continue our rapid growth with responsible and sustainable projects across Brazil.”
Since its founding in 2007, Conasa has grown principally in the sanitation sector where Brazil requires $R 753 billion ($132 billion) of investment by 2033 to reach the country’s universal sanitation services goals across its population. Conasa is also growing its operations in infrastructure around energy, toll roads and lighting assets across Brazil, offering improvements that increase equitable access to resources. The company has more than 550 employees that provide operations and maintenance support for its assets. Conasa received the required approvals from its board, bondholders and shareholders to complete the transaction.
For Generate, the transaction represents an expansion of its portfolio of more than $2 billion in sustainable infrastructure assets in the Americas into the Brazilian private infrastructure market.
“Generate is excited about Conasa’s substantial growth in Brazil and the opportunity to partner with a proven infrastructure leader,” said David Perl, managing director at Generate. “This investment aligns with Generate’s vision of working across sectors and geographies to rebuild the world and enable broad participation in the benefits of the infrastructure transition. We look forward to partnering with the team at Conasa to continue building affordable, reliable and sustainable infrastructure across South America’s largest market.”
Generate builds, owns, operates and finances sustainable infrastructure that delivers affordable and reliable resource solutions for companies, governments and communities across North America. Since 2014, Generate has partnered with more than 40 leading technology and project developers to build assets across the energy, waste, water and transport markets. Generate serves the critical needs of over 2,000 customers, including companies, universities, school districts, cities and non-profits. The company announced last year that it had raised $2 billion from global institutional investors to expand its operations.
About Conasa
Conasa Infraestrutura, S.A. is an infrastructure holding company, focused on long term concessions, currently working in the sectors of sanitation, toll roads and lighting, especially for mid-sized concessions in Brazil. In sanitation, Conasa serves 1,395,000 inhabitants across 37 municipalities where it has substantially increased sewage treatment coverage where it was previously unavailable. Conasa manages 1.520 km (944 miles) of toll roads and manages 283,000 public lighting points for 3.3 million inhabitants in Brazil. For more information, please visit www.conasa.com
About Generate
Generate Capital, PBC is a leading sustainable infrastructure company driving the infrastructure revolution. Generate builds, owns, operates and finances solutions for clean energy, water, waste and transportation. Founded in 2014, Generate partners with over 40 technology and project developers and owns and operates more than 2,000 assets globally. Generate is the one-stop shop offering pioneers of the infrastructure revolution tailored funding and support needed to get projects built. Our Infrastructure-as-a-Service model delivers affordable, reliable and sustainable resources to over 2,000 customers, companies, communities, school districts and universities. Together, we are rebuilding the world. For more information, please visit www.generatecapital.com.
For Conasa
Cláudio Ramos
+55 43 3025 3636
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For Generate
Emily Chasan
(415) 480-2914
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Reports Fourth Quarter 2021 Buybacks of Common Units
HOUSTON--(BUSINESS WIRE)--Enterprise Products Partners L.P. (NYSE: EPD) (“Enterprise”) announced today that the board of directors of its general partner declared the quarterly cash distribution paid to limited partners holding Enterprise common units with respect to the fourth quarter of 2021 of $0.465 per unit, or $1.86 per unit on an annualized basis.
The quarterly distribution will be paid Friday, February 11, 2022, to common unitholders of record as of the close of business Monday, January 31, 2022. This distribution represents a 3.3 percent increase over the distribution declared with respect to the fourth quarter of 2020.
In addition, during the fourth quarter of 2021, Enterprise purchased $125 million of its common units in the open market, bringing the total amount of common unit buybacks during 2021 to $200 million. Including these repurchases, Enterprise has utilized 24 percent of its $2.0 billion buyback program authorized in January 2019.
Enterprise continues its history of consistently returning capital to its investors with 2021 marking twenty-three consecutive years of distribution growth. Enterprise will continue to evaluate opportunities to grow future cash distributions, invest in midstream infrastructure, opportunistically buy back common units and maintain a strong balance sheet.
Enterprise will announce its earnings for the fourth quarter of 2021 on Tuesday, February 1, 2022, before the New York Stock Exchange opens for trading. Following the announcement, the partnership will host a conference call at 9 a.m. CT with analysts and investors to discuss earnings. The call will be webcast live on the Internet and may be accessed through the “Investors” section of the partnership’s website at www.enterpriseproducts.com. A replay of the webcast will be available for one week following the conference call and may be accessed approximately one hour after completion of the call.
Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Our services include: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage and marine terminals; crude oil gathering, transportation, storage and marine terminals; petrochemical and refined products transportation, storage and marine terminals; and a marine transportation business that operates on key U.S. inland and intracoastal waterway systems. The partnership’s assets currently include approximately 50,000 miles of pipelines; 260 million barrels of storage capacity for NGLs, crude oil, petrochemicals and refined products; and 14 billion cubic feet of natural gas storage capacity.
This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent (100.0 percent) of Enterprise’s distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, Enterprise’s distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.
This press release includes “forward-looking statements” as defined by the Securities and Exchange Commission. All statements, other than statements of historical fact, included herein that address activities, events, developments or transactions that Enterprise and its general partner expect, believe or anticipate will or may occur in the future are forward-looking statements. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from expectations, including required approvals by regulatory agencies, the possibility that the anticipated benefits from such activities, events, developments or transactions cannot be fully realized, the possibility that costs or difficulties related thereto will be greater than expected, the impact of competition, and other risk factors included in Enterprise’s reports filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. Except as required by law, Enterprise does not intend to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.
Randy Burkhalter, Investor Relations, (713) 381-6812 or (866) 230-0745
Rick Rainey, Media Relations, (713) 381-3635
Modern Energy and Industrial Sun join forces to scale solar for C&I customers
DURHAM, N.C. & AUSTIN, Texas--(BUSINESS WIRE)--#ENERGYTRANSITION--Modern Energy announced today an investment of $30 million into the launch and multi-year deployment of Industrial Sun, an Austin-based utility-scale solar developer.
Industrial Sun founders Dan Seif and Wade Gungoll bring decades of experience in the energy industry, and collectively the senior team at Industrial Sun has successfully executed multiple gigawatts of project development, power sales, and financings for large-scale power projects. Industrial Sun is focused on providing power projects that create dramatic cost savings for large energy-using facilities.
“Modern’s experience developing, aggregating, and marketing assets across multiple technologies and regulatory regimes, along with their track record for building novel development platforms from inception to scale, was important to us in looking for a partner,” said Dan Seif. “Modern understands the challenges associated with development. We are confident their world-class operations team will contribute to our success in this competitive environment.”
“This partnership is based on a shared cultural alignment and a long-term orientation, which we believe are necessary to achieve a significant impact on the energy transition,” said Jazib Hasan of Modern Energy. “Today, many developers find themselves with a large and eager universe of buyers ready to purchase and operate portfolios but limited capital to help them build their operation. We act as a bridge between early-stage and operational assets.”
The Modern Energy team leverages deep functional expertise to support the rapid growth and effective market deployment of its portfolio companies. Industrial Sun is already thoroughly engaged in project development activities, including contracting optimal locations for assets, securing necessary permits, de-risking projects through engineering studies, navigating the interconnection process, and securing power offtake agreements. Modern provides Industrial Sun with world-class commercial, operational, and capital markets support, as it does with its other portfolio development companies.
Kirk Bedell and Jazib Hasan led the transaction for Modern Energy. Before joining Modern, Bedell spent a decade building clean energy development businesses across the United States — most recently, he established and led the distributed generation development business at Brookfield Asset Management and formerly built and led commercial strategy for General Electric’s distributed solar development business, which Blackrock acquired in 2019.
Before Modern, Hasan raised and invested capital in energy, infrastructure, renewables, and commodities — most recently at Citibank as its Head of Commodities Structured Finance and Credit Solutions. Prior to that, Hasan held similar executive roles at Bank of America Merrill Lynch, Shell Energy North America and Deutsche Bank.
About Modern Energy
Modern Energy® is a clean energy company that invests in, builds and operates energy transition businesses to help the world reach a net-zero carbon economy. Modern’s portfolio includes fully-owned businesses delivering distributed energy solutions to customers and markets in the United States and Brazil. The firm has offices in Durham, NC, Austin, TX, and Sao Paulo, Brazil. As a certified B-Corp, Modern’s mission is affordable, reliable, sustainable energy for all. For more information, visit www.modern.energy.
About Industrial Sun
Industrial Sun is a renewable energy and storage developer, purpose-built to serve industrial and high energy demand customers, including refineries, pumping and compression stations, manufacturing and/or processing plants, terminals, and data centers. Our development team works with project landowners and surrounding communities to responsibly develop power projects that support the success of local communities for generations to come. Industrial Sun’s senior team shares more than 70 years of collective renewable energy experience and gigawatts of power project development, power sale, and financing experience. For more information, visit www.industrialsun.com.
Lauren Scolnic
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PARSIPPANY, N.J.--(BUSINESS WIRE)--$ZTS #DrivenToCare--Zoetis Inc. (NYSE:ZTS), the world’s leading animal health company, has refreshed its Driven to Care sustainability aspirations for mitigating the company’s climate impact and environmental effects on the planet. Focusing first on its own operations, Zoetis is striving to achieve carbon neutrality by 2030. This includes accelerating the company’s commitment to Renewable Energy 100 (RE100) to use 100% renewable energy in its operations. The company’s updated commitments are underscored by investments in technology and a strong governance structure.
“Our vision is to be the most sustainable animal health company in the world, and we are proud to be the first stand-alone animal health company to commit to carbon neutrality by 2030,” said Jeannette Ferran Astorga, Executive Vice President, Corporate Affairs, Communications and Sustainability at Zoetis. “Launching our expanded climate strategy reflects an evolution of our journey. As we live our purpose to nurture the world and humankind by advancing care for animals, we are focused on stewarding resources responsibly and minimizing our own operations’ impact on the environment to help protect our planet.”
Advancing the company’s accelerated goal to use 100% renewable energy in its operations by 2030, Zoetis has initiated a formal approach to procuring renewable energy through power purchase agreements, including a new 15-year virtual power purchase agreement with Vesper Energy, which will generate more than 40 megawatts of renewable energy to power approximately 33% of Zoetis’ North American operations’ projected energy needs. These efforts are focused in North America because it represents approximately 75% of the company’s global electricity consumption.
As another step in its sustainability journey, the company’s diagnostics site in San Diego is operating on 100% renewable electricity, which means 9 of the company’s 28 manufacturing sites, along with the company’s three PHARMAQ sites in Norway, are operating on 100% renewable energy now. Additionally, Zoetis’ offices in Zaventem, Belgium, and Dublin, Ireland – the company’s largest offices outside of the United States – are now being powered by 100% renewable electricity.
Key energy efficiency projects have included ongoing optimization of heating, ventilation, and air conditioning (HVAC) equipment as well as a continuous program to improve lighting efficiency with LED bulbs. Zoetis also continues to invest in updated technology to be more energy efficient at its manufacturing sites; one recent example is retrofitting a spray dryer at the company’s Chicago Heights, Illinois, manufacturing site, resulting in a 10% reduction in energy consumption. The company also has progressed energy efficiency at its research and development locations. A program at its global research and development headquarters in Kalamazoo, Michigan, delivered 8,000 gigajoules of savings in 2021, and an ongoing project to deploy photovoltaic solar panels at its Thane site in India will deliver up to 5% of site electricity requirements.
To further manage and achieve its carbon neutrality targets, Zoetis is focused on procurement activities to electrify more of its fleet of vehicles, improve on its energy efficiency annually, offset the final share of Scope 1 and 2 emissions, and create greater transparency into Scope 3 emissions.
In recognition of its progress on sustainability, Zoetis was named one of Newsweek’s Most Responsible Companies for 2022 and was included in Investor’s Business Daily’s 100 Best ESG Companies. In 2021, the company announced its Driven to Care long-term sustainability strategy and goals followed by its first Sustainability Report. Zoetis will continue to share updates on its sustainability activities, including progress against its Driven to Care goals, and report annually.
About Zoetis
As the world’s leading animal health company, Zoetis is driven by a singular purpose: to nurture our world and humankind by advancing care for animals. After 70 years innovating ways to predict, prevent, detect, and treat animal illness, Zoetis continues to stand by those raising and caring for animals worldwide -- from livestock farmers to veterinarians and pet owners. The company’s leading portfolio and pipeline of medicines, vaccines, diagnostics and technologies make a difference in over 100 countries. A Fortune 500 company, Zoetis generated revenue of $6.7 billion in 2020 with approximately 11,300 employees. For more information, visit www.zoetis.com.
DISCLOSURE NOTICES Forward-Looking Statements: This press release contains forward-looking statements, which reflect the current views of Zoetis with respect to: ESG commitments, goals and aspirations, the plans and future work of the Zoetis Foundation, and other future events. These statements are not guarantees of future performance or actions. Forward-looking statements are subject to risks and uncertainties. If one or more of these risks or uncertainties materialize, or if management's underlying assumptions prove to be incorrect, actual results may differ materially from those contemplated by a forward-looking statement. Forward-looking statements speak only as of the date on which they are made. Zoetis expressly disclaims any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. A further list and description of risks, uncertainties and other matters can be found in our Annual Report on Form 10-K for the fiscal year ended December 31, 2020, including in the sections thereof captioned “Forward-Looking Statements and Factors That May Affect Future Results” and “Item 1A. Risk Factors,” in our Quarterly Reports on Form 10-Q and in our Current Reports on Form 8-K. These filings and subsequent filings are available online at www.sec.gov, www.zoetis.com, or on request from Zoetis.
All trademarks are the property of Zoetis Services LLC or a related company or a licensor unless otherwise noted.
© 2022 Zoetis Services LLC. All rights reserved.
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Christina Lood
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Bill Price
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Investor:
Steve Frank
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Carolina Power Partners, LLC is the new service provider to deliver reliable, low-cost energy to Western Carolina University’s electric utility provider, Western Carolina Power.
CULLOWHEE, N.C.--(BUSINESS WIRE)--#energy--The new year marked a change in electric service providers for Western Carolina University’s electric utility provider, Western Carolina Power (WCP). Carolina Power Partners (CPP), the leading independent wholesale electric provider in the Carolinas, began delivering reliable, low-cost power to WCP on January 1, 2022.
WCP is one of 12 utility providers in the Carolinas to enter into a long-term power purchase agreement (PPA) with CPP. In each case, the utility providers opted to end long-term relationships with their previous power supplier in favor of an agreement with CPP because of its significant price savings. CPP has long-term PPAs with three utility providers in South Carolina and nine in North Carolina.
“We are extremely proud to start our full requirement energy service for Western Carolina Power,” said TJ Higgins, CPP’s Asset Manager. “We welcome them to the CPP family and are happy to deliver low-cost, clean and reliable energy to the WCP community. We look forward to more communities throughout the Carolinas obtaining these same advantages.
“As an established utility provider and community partner, Western Carolina Power’s mission is to provide safe and reliable utilities to our customers at affordable and competitive rates,” said Joe Walker, WCP representative. “After an extensive review by our team and utility advisor, CPP helps us meet this objective and has proven success with other similar providers.”
CPP provides much of its energy to WCP through the Kings Mountain Energy Center, a 475-MW combined-cycle power plant capable of efficiently providing clean energy to approximately 400,000 homes. Asset management services for the facility are provided by Consolidated Asset Management Services (www.camstex.com).
About Carolina Power Partners
Carolina Power Partners provides reliable electricity to local towns, cities and universities in North and South Carolina. Strategically located in the fast-growing southeastern region of the United States, CPP is positioned to provide energy to local communities to help them achieve their economic and environmental needs. For more information visit www.carolinapowerpartners.com.
About Western Carolina Power
Through Western Carolina University (WCU), Western Carolina Power (WCP) is responsible for providing electric power and service to approximately 3,800 customers in the community surrounding the WCU campus located in Jackson County, N.C. WCP maintains both overhead and underground electric infrastructure. As a public provider, the WCP strives to keep rates as low as possible.
TJ Higgins, CPP Asset Manager
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HOUSTON--(BUSINESS WIRE)--Oceaneering International, Inc. (NYSE:OII) announces that it has been awarded multiple contracts for its Integrity Management and Digital Solutions (IMDS) segment with over $80 million booked in the fourth quarter of 2021. The majority of these bookings, which are primarily with major offshore operators, represent renewals of existing agreements, with durations ranging from one to four years.
The scopes of work for these contracts include risk, reliability and maintenance engineering services, inspection services for onshore and offshore projects, and energy and maritime intelligence software services. The sites covered by these contracts include ports & terminals, nuclear power plants, LNG terminals, oil & gas production facilities, and bulk cargo vessels, primarily in Australia, Norway, UK, and Brazil.
These fourth quarter bookings also complete a successful year for IMDS, in which more than $300 million in new bookings were obtained. This level of bookings provides significant support to Oceaneering’s expectation for continued growth of value-based solutions within its IMDS businesses in 2022.
Rod Larson, President and Chief Executive Officer, stated, "Recognition of the quality in Oceaneering’s IMDS brand continues, as evidenced by the fourth quarter and full year 2021 awards. Our value proposition allows customers to make timely and evidence-based decisions derived from our integrated service offerings of advanced asset integrity and data analytics. These new bookings increase our confidence for continued growth in this segment, which is integral to achieving our previously guided EBITDA expectations for 2022. I am proud of Kishore Sundararajan, Senior Vice President of IMDS, and his entire team for the hard work they are doing to grow and transform this segment of our company."
This release contains "forward-looking statements,” as defined in the Private Securities Litigation Reform Act of 1995, including, without limitation, statements as to the expectations, beliefs, future expected business and financial performance and prospects of Oceaneering. More specifically, the forward-looking statements in this press release include the statements concerning: the dollar amounts of the fourth quarter and full year of 2021 contract bookings by Oceaneering’s IMDS segment, to the extent such bookings may be an indicator of future revenue, profitability or cash flows; the durations of contracts; Oceaneering’s expectation for continued growth of value-based solutions within its IMDS businesses in 2022; and Oceaneering’s confidence with respect to that expectation, which is integral to achieving its previously guided EBITDA expectations for 2022. The forward-looking statements included in this release are based on Oceaneering’s current expectations and are subject to certain risks, assumptions, trends, and uncertainties that could cause actual results to differ materially from those indicated by the forward-looking statements. These include, among other factors, risks and uncertainties related to counterparty performance under contracts and market conditions and other economic factors affecting Oceaneering's business. For a more complete discussion of these and other risk factors, please see Oceaneering’s latest annual report on Form 10-K and subsequent quarterly reports on Form 10-Q filed with the Securities and Exchange Commission. You should not place undue reliance on forward-looking statements. Except to the extent required by applicable law, Oceaneering undertakes no obligation to update or revise any forward-looking statement.
Oceaneering is a global provider of engineered services and products, primarily to the offshore energy industry. Through the use of its applied technology expertise, Oceaneering also serves the defense, aerospace, robotic, and entertainment industries.
For more information on Oceaneering, please visit www.oceaneering.com.
Mark Peterson
Vice President, Corporate Development and Investor Relations
Oceaneering International, Inc.
713-329-4507
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TORONTO--(BUSINESS WIRE)--Superior Plus Corp. (“Superior”) (TSX: SPB):
January 2022 Cash Dividend - $0.06 per share
Superior Plus Corp. (“Superior”) today announced its cash dividend for the month of January 2022 of $0.06 per share payable on February 15, 2022. The record date is January 31, 2022 and the ex-dividend date will be January 28, 2022. Superior’s annualized cash dividend rate is currently $0.72 per share. This dividend is an eligible dividend for Canadian income tax purposes.
A summary of Superior’s dividends paid for the year 2021 is detailed below. These dividends are considered to be an eligible dividend for Canadian income tax purposes.
Record Date |
Payment Date |
Dividend |
||||||
November 30, 2021 |
December 15, 2021 |
$0.06 |
||||||
October 31, 2021 |
November 15, 2021 |
$0.06 |
||||||
September 30, 2021 |
October 15, 2021 |
$0.06 |
||||||
August 31, 2021 |
September 15, 2021 |
$0.06 |
||||||
July 31, 2021 |
August 13, 2021 |
$0.06 |
||||||
June 30, 2021 |
July 15, 2021 |
$0.06 |
||||||
May 31, 2021 |
June 15, 2021 |
$0.06 |
||||||
April 30, 2021 |
May 14, 2021 |
$0.06 |
||||||
March 31, 2021 |
April 15, 2021 |
$0.06 |
||||||
February 28, 2021 |
March 15, 2021 |
$0.06 |
||||||
January 31, 2021 |
February 12, 2021 |
$0.06 |
||||||
December 31, 2020 |
January 15, 2021 |
$0.06 |
||||||
|
2021 Total |
$0.72 |
About the Corporation
Superior is a leading North American distributor and marketer of propane and distillates and related products and services, servicing over 780,000 customer locations in the U.S. and Canada.
For further information about Superior, please visit Superior’s website at: www.superiorplus.com or contact: Beth Summers, Executive Vice President and Chief Financial Officer, Tel: (416) 340-6015, or Rob Dorran, Vice President, Investor Relations and Treasurer, Tel: (416) 340-6003, E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it., Toll Free: 1-866-490-PLUS (7587).
Forward Looking Information
This news release contains certain forward-looking information and statements that are based on Superior’s current expectations, estimates, projections and assumptions in light of its experience and its perception of historical trends. In this news release, such forward-looking information and statements can be identified by terminology such as “will”, "expects", "annualized", and similar expressions.
In particular, this news release contains forward-looking statements and information relating to: future dividends which may be declared on Superior’s common shares, the dividend payment, the tax treatment thereof, and the receipt of cash dividends. These forward-looking statements are being made by Superior based on certain assumptions that Superior has made in respect thereof as at the date of this news release, regarding, among other things: the success of Superior’s operations; prevailing commodity prices, margins, volumes and exchange rates; that Superior’s future results of operations will be consistent with past performance and management expectations in relation thereto; the continued availability of capital at attractive prices to fund future capital requirements; future operating costs; that any required commercial agreements can be reached; that all required regulatory and environmental approvals can be obtained on the necessary terms in a timely manner. These forward-looking statements are not guarantees of future performance and are subject to a number of known and unknown risks and uncertainties, including, but not limited to: the regulatory environment and decisions; non-performance of agreements in accordance with their terms; the impact of competitive entities and pricing; reliance on key industry partners and agreements; actions by governmental or regulatory authorities including changes in tax laws and treatment, or increased environmental regulation; adverse general economic and market conditions in Canada, North America and elsewhere; fluctuations in operating results; labour and material shortages; and certain other risks detailed from time to time in Superior’s public disclosure documents including, among other things, those detailed under the heading "Risk Factors" in Superior’s management's discussion and analysis and annual information form for the year ended December 31, 2020, which can be found at www.sedar.com.
Accordingly, readers are cautioned that events or circumstances could cause results to differ materially from those predicted, forecasted or projected. Such forward-looking statements are expressly qualified by the above statements. Superior does not undertake any obligation to publicly update or revise any forward looking statements or information contained herein, except as required by applicable laws.
Beth Summers
Executive Vice President and Chief Financial Officer
Tel: (416) 340-6015
or
Rob Dorran
Vice President, Investor Relations and Treasurer
Tel: (416) 340-6003
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Toll Free: 1-866-490-PLUS (7587)
Initiative Demonstrates Iteris’ Continuous Role as Trusted Advisor to FDOT and Public Transportation Agencies Nationwide
SANTA ANA, Calif.--(BUSINESS WIRE)--$ITI #IoT--Iteris, Inc. (NASDAQ: ITI), the global leader in smart mobility infrastructure management, today announced that it has been selected by the Florida Department of Transportation (FDOT) as part of the Southwest Research Institute (SwRI) team to develop a connected vehicle data exchange platform, representing the further expansion of Iteris’ specialized consulting services in Florida, a key geographic market.
The data exchange platform will enable FDOT to analyze real-time road conditions and communicate critical travel information to the traveling public, state and local government entities, private-sector partners, and other stakeholders.
The FDOT project is among the first in the United States to develop a vehicle-to-everything (V2X) data exchange, capturing data from thousands of devices across connected and automated vehicle (CAV) and smart mobility infrastructure networks. A key objective of the project is to standardize the collection, analysis and sharing of data from several proprietary systems, which have different coding and encryption methodologies, and to make additional considerations for privacy and safety.
“The primary goal of this technology is to save lives and move people more efficiently on roadways by sharing real-time driving conditions,” said Michael A. Brown, a SwRI Intelligent Systems Division engineer overseeing the project. “This data exchange will lay the foundation for FDOT to send alerts to drivers and traffic managers to coordinate routing, road closures and emergency response.”
The exchange will capture anonymous data both from standardized onboard units communicating directly with FDOT-owned roadside units and from the proprietary data feeds of various car manufacturers. This connected vehicle data will be fused with a breadth of other data both from FDOT-owned infrastructure and third-party data feeds. This stream of enriched data will be the basis for real-time and historic analysis, leveraging a combination of machine learning and traditional algorithms.
“We are thrilled to join the team responsible for developing this vital V2X data sharing program for FDOT, which will improve safety, mobility and sustainability statewide,” said Anita Vandervalk, vice president, strategic business development at Iteris. “The V2X data exchange will enable FDOT to communicate critical travel information to the traveling public, state and local government entities, private-sector partners, and other stakeholders.”
In addition to Iteris, participants in the FDOT program include Ford Mobility, which will supply V2X data from its connected vehicle platform; Florida International University; Amazon Web Services; Google; and several OEMs, and logistics and fleet companies.
This project is in line with several CAV and V2X deployments Iteris is working on across the U.S. – including oversight of pilot deployments, smart work zones, advanced pedestrian detection and automated commercial vehicle inspections. Iteris also led the development and evolution of the U.S. ITS architecture reference for over three decades, initiating the Connected Vehicle Reference Implementation Architecture in 2012 and continuing to support the evolution of the combined ARC-IT for the US Department of Transportation’s Federal Highway Administration.
About Iteris, Inc.
Iteris is the global leader in smart mobility infrastructure management – the foundation for a new era of mobility. We apply cloud computing, artificial intelligence, advanced sensors, advisory services and managed services to achieve safe, efficient and sustainable mobility. Our end-to-end solutions monitor, visualize and optimize mobility infrastructure around the world to help ensure that roads are safe, travel is efficient, and communities thrive. Visit www.iteris.com for more information, and join the conversation on Twitter, LinkedIn and Facebook.
Iteris Forward-Looking Statements
This release may contain forward-looking statements, which speak only as of the date hereof and are based upon our current expectations and the information available to us at this time. Words such as "believes," "anticipates," "expects," "intends," "plans," "seeks," "estimates," "may," “should,” "will," "can," and variations of these words or similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, statements about the success, impact, and benefits of being selected as part of the team and the project. Such statements are not guarantees of future performance and are subject to certain risks, uncertainties, and assumptions that are difficult to predict, and actual results could differ materially and adversely from those expressed in any forward-looking statements as a result of various factors.
Important factors that may cause such a difference include, but are not limited to, our ability to successfully perform the services on a cost-effective basis; government funding and budgetary issues and potential related scheduling and funding delays; adverse impacts related to performance timing and cancellation of an awarded contract; adverse impacts of general economic, political, and other conditions in the markets we address; and the potential impact of product and service offerings from competitors. Further information on Iteris, Inc., including additional risk factors that may affect our forward-looking statements, is contained in our Annual Report on Form 10-K, our Quarterly Reports on Form 10-Q, our Current Reports on Form 8-K, and our other SEC filings that are available through the SEC’s website (www.sec.gov).
Media Contact
David Sadeghi
Tel: (949) 270-9523
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Investor Relations
MKR Investor Relations, Inc.
Todd Kehrli
Tel: (213) 277-5550
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "Fiber Optic Sensor Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Application (Temperature Sensing, Pressure Sensing, Acoustic Sensing, Strain Sensing, and Others) and Vertical (Oil & Gas, Manufacturing, Infrastructure, Power and Utilities, and Others)" report has been added to ResearchAndMarkets.com's offering.
The fiber optic sensor market is projected to reach US$ 5,506.24 million by 2028 from US$ 2,980.47 million in 2021; it is estimated to register a CAGR of 9.16% during 2021-2028.
Companies Mentioned
Factors such as surging applications in the oil & gas sector and growing demand in the automotive sector are fueling the fiber optic sensor market growth. Moreover, the growing development of smart cities is providing lucrative opportunities for the future growth of the market players. However, the difficulties associated with the installation of fiber optic sensors are restraining the market growth.
The fiber optic sensor market is segmented into application, vertical and geography. Based on application, the fiber optic sensor market is segmented into temperature sensing, pressure sensing, acoustic sensing, strain sensing, and others. The temperature sensing segment held the largest market share in 2020. Based on vertical, the fiber optic sensor market is segmented into oil & gas, manufacturing, infrastructure, power and utilities, and others. The oil & gas segment held the largest share in 2020. Geographically, the market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2020, North America dominated the fiber optic sensor market.
According to Electronic Components Industry Association (ECIA), the outbreak of COVID-19 resulted in a delay in product releases and disruption in supply chain events and other industry activities. Several manufacturers have temporarily halted the manufacturing units due to lesser demand for the products due to lockdown measures and limited manufacturing resources. Additionally, the manufacturers of various electronic and semiconductor products, including sensors, have been experiencing a substantial delay in lead times. During the first quarter of 2020, numerous Chinese manufacturers had temporarily shut down their manufacturing facilities, thereby showing a decline in supply and demand for electronics and semiconductor products worldwide. These factors have negatively impacted the fiber optic sensor market.
Reasons to Buy
Key Topics Covered:
1. Introduction
2. Key Takeaways
3. Research Methodology
4. Fiber Optic Sensor Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 Asia Pacific
4.2.4 Middle East & Africa
4.2.5 South America
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Fiber Optic Sensor Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Surging Applications in Oil & Gas Sector
5.1.2 Escalating Demand in Automotive Sector
5.2 Market Restraints
5.2.1 Difficulties in Installation of Fiber Optic Sensors
5.3 Market Opportunities
5.3.1 Development of Smart Cities
5.4 Future Trends
5.4.1 Ongoing Technological Developments in Fiber Optic Sensors
5.5 Impact Analysis of Drivers and Restraints
6. Fiber Optic Sensor Market - Global Analysis
6.1 Fiber Optic Sensor Market Global Overview
6.2 Fiber Optic Sensor Market - Global Revenue and Forecast to 2028 (US$ million)
6.3 Market Positioning - Five Key Players
7. Fiber Optic Sensor Market Analysis - By Application
8. Fiber Optic Sensor Market Analysis - By Vertical
9. Fiber Optic Sensor Market - Geographic Analysis
10. Fiber Optic Sensor Market - COVID-19 Impact Analysis
10.1 Overview
10.1 Impact of COVID-19 Pandemic on Global Fiber Optic Sensor Market
10.1.1 North America: Impact Assessment of COVID-19 Pandemic
10.1.2 Europe: Impact Assessment of COVID-19 Pandemic
10.1.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
10.1.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
10.1.5 South America: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Merger and Acquisition
11.4 New Development
12. Company Profiles
13. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/di1nt3
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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ANAHEIM, Calif.--(BUSINESS WIRE)--$WLDN--Willdan Group, Inc. (NASDAQ: WLDN) announced today that it has completed the development of New York City’s Local Law 97 (LL97) Implementation Action Plan. The implementation action plan recommends specific, scalable steps to achieve the goals set out in the legislation, and the City has committed a budget of nearly $4 billion over the next nine years to invest in New York City’s assets, facilities, and energy supply.
Passed in 2019, LL97 is among the most ambitious climate legislation in the U.S. and mandates unprecedented, near-term greenhouse gas emissions reductions for New York City’s portfolio of government and private buildings. A key component of LL97 is that it requires City operations to reduce emissions 40% by 2025 and 50% by 2030, compared to a 2006 baseline. Willdan worked with the New York City Department of Citywide Administrative Services (DCAS) to create an action plan to achieve these carbon emissions reduction targets.
The action plan calls for a broad set of interventions, including:
“These record investments reflect the City’s unwavering commitment to fighting the climate crisis,” said Dawn M. Pinnock, Acting Commissioner of the NYC Department of Citywide Administrative Services. “Climate change is happening now, and city government must be aggressive in taking steps now to reduce emissions and break its dependence on fossil fuels.”
“The Local Law 97 Implementation Action Plan is the culmination of a year-long effort to outline a path forward for New York City to achieve the ambitious emissions reduction targets mandated by Local Law 97 of 2019,” said Anthony Fiore, Deputy Commissioner for Energy Management at the NYC Department of Citywide Administrative Services. “The DCAS Division of Energy Management is grateful to the many stakeholders across the City, including all City agencies and the Mayor’s Office of Climate and Sustainability, for their partnership in this effort.”
“The creation of this plan showcases Willdan’s multi-disciplinary approach to projects,” said Tom Brisbin, Willdan’s CEO and Chairman. “The project management and plan development were led by our most recent addition to the Willdan family – Energy and Environmental Economics (E3) – due to their expertise in decarbonization planning. Our engineers had already been working throughout City buildings and provided insight on technical feasibility and technologies. And finally, our proprietary software applications – NEO and B3 – allowed us to rapidly and efficiently model and benchmark City buildings for evaluation.”
About the New York City Department of Citywide Administrative Services
The Department of Citywide Administrative Services (DCAS) ensures that all New York City agencies have the critical resources and support needed to provide the best possible services to the public. DCAS does this in part, through working with City agencies with needs in recruiting, hiring and training; providing facilities management for 56 public buildings; purchasing, selling and leasing city property; purchasing over $1 billion in supplies and equipment annually; and implementing conservation programs throughout City facilities. Follow DCAS on Twitter, Instagram, and Facebook.
About Willdan
Willdan is a nationwide provider of professional technical and consulting services to utilities, government agencies, and private industry. Willdan’s service offerings span a broad set of complementary disciplines that include electric grid solutions, energy efficiency and sustainability, engineering and planning, and municipal financial consulting. E3, a Willdan Company, develops long-term pathways for deep decarbonization and guides strategic decisions for utilities, regulators, developers, and investors as they implement new public policies and respond to technological advances. For additional information, visit Willdan's website at www.willdan.com. Follow Willdan on LinkedIn, Facebook, and Twitter.
Forward-Looking Statements
Statements in this press release that are not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. It is important to note that Willdan’s actual results could differ materially from those in any such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, the risk factors listed from time to time in Willdan’s reports filed with the Securities and Exchange Commission, including, but not limited to, the Annual Report on Form 10-K filed for the year ended January 1, 2021. Willdan cautions investors not to place undue reliance on the forward-looking statements contained in this press release. Willdan disclaims any obligation to, and does not undertake to, update or revise any forward-looking statements in this press release.
Al Kaschalk
VP Investor Relations
310-922-5643
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DENVER--(BUSINESS WIRE)--CoreSite, the leading hybrid IT solutions provider and subsidiary of American Tower Corporation (NYSE: AMT) (“American Tower”), today announced new senior leadership appointments effective immediately. This new executive management structure is designed to position the company for accelerated growth, while continuing to provide the native digital supply chain its valued enterprise, network, cloud and service integrator customers have come to depend on.
CoreSite is now led by Juan Font, President of CoreSite and SVP of American Tower, reporting to Steve Vondran, Executive Vice President and President, U.S. Tower Division of American Tower (“U.S. Tower”). Font is responsible for leading CoreSite’s strategy, innovation and growth while delivering value to the customers, partners, shareholders, and communities where CoreSite and American Tower operate. He has held positions of increasing responsibility within the organization since 2010 and brings more than 20 years of experience in general management, direct sales, business operations and finance in the data center and telecommunications industries. Font will operate CoreSite as a standalone entity within U.S. Tower.
“In the short time that I’ve gotten to know Juan, I’ve been impressed by his passion for the CoreSite team and business, as well as the depth and breadth of his experience. I am very excited about the future of CoreSite as part of American Tower and look forward to working with Juan, and his newly appointed senior leadership team, to build on CoreSite’s impressive track record”, stated Vondran.
CoreSite’s recently appointed senior leadership team is comprised of:
Adam Post and Mark Jones are new to the leadership team and will take on leadership oversight for several functions including acquisitions, investor relations, procurement, and internal audit.
Janae Walker is currently a member of the American Tower legal team and joins CoreSite’s senior leadership team with overall responsibility for the CoreSite legal function. She served as the lead attorney on the CoreSite transaction and brings experience with American Tower to the CoreSite team.
Matt Gleason is newly appointed to the leadership team and is responsible for the general management function as well as providing oversight for sales engineering and capacity inventory management functions.
Maile Kaiser broadens her responsibility on the leadership team with oversight of marketing, sales operations, and the solutions architects in addition to maintaining responsibility for the CoreSite sales organization.
“I am proud to lead CoreSite, and my newly appointed leadership team, into our exciting next chapter. The acquisition of CoreSite by American Tower enables us to create a differentiated, comprehensive, and interconnected communications real estate platform optimally positioned to benefit from the convergence of wireline and wireless networks amid accelerating global 5G deployments. This will allow us to continue to deliver on our commitment to future-proof our customers’ digital transformation strategies now – and well into the future,” stated Font.
Other Highlights
About CoreSite
CoreSite Realty Corporation, an American Tower company (NYSE: AMT), provides hybrid IT solutions that empower enterprises, cloud, network, and IT service providers to monetize and future-proof their digital business. Our highly interconnected data center campuses offer a native digital supply chain featuring direct cloud onramps to enable our customers to build customized hybrid IT infrastructure and accelerate digital transformation. For more than 20 years, CoreSite’s team of technical experts have partnered with customers to optimize operations, elevate customer experience, dynamically scale, and leverage data to gain competitive edge. For more information, visit CoreSite.com and follow us on LinkedIn and Twitter.
Forward Looking Statements
This press release may contain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as “believes,” “expects,” “may,” “will,” “should,” “seeks,” “approximately,” “intends,” “plans,” “pro forma,” “estimates” or “anticipates” or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events or trends and that do not relate solely to historical matters. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and contingencies, many of which are beyond CoreSite’s control that may cause actual results to differ significantly from those expressed in any forward-looking statement. These risks include, without limitation: the geographic concentration of the Company’s data centers in certain markets and any adverse developments in local economic conditions or the level of supply of or demand for data center space in these markets; fluctuations in interest rates and increased operating costs; difficulties in identifying properties to acquire and completing acquisitions; significant industry competition, including indirect competition from cloud service providers; failure to obtain necessary outside financing; the ability to service existing debt; the failure to qualify or maintain its status as a REIT; financial market fluctuations; changes in real estate and zoning laws and increases in real property tax rates; the effects on our business operations, demand for our services and general economic conditions resulting from the spread of the Novel Coronavirus (“COVID-19”) in our markets, as well as orders, directives and legislative action by local, state and federal governments in response to such spread of COVID-19; and other factors affecting the real estate industry generally. All forward-looking statements reflect the Company’s good faith beliefs, assumptions and expectations, but they are not guarantees of future performance. Furthermore, the Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. For a further discussion of these and other factors that could cause the Company’s future results to differ materially from any forward-looking statements, see the section entitled “Risk Factors” in its most recent annual report on Form 10-K, and other risks described in documents subsequently filed by the Company from time to time with the Securities and Exchange Commission.
CoreSite
Megan Ruszkowski
Vice President of Marketing
720-446-2014
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TULSA, Okla.--(BUSINESS WIRE)--Empire Petroleum Corporation (“Empire”) (OTCQB:EMPR), an operator of conventional oil and gas properties, announced today that certain debt holders have now converted 100% of their remaining debt along with accrued interest into Empire common shares.
The purchase of XTO Energy’s Eunice-Monument and Arrowhead Grayburg Fields by Empire made on May 14, 2021, was financed with a combination of cash and a Senior Secured Convertible Note issued to Energy Evolution Master Fund, Ltd. (“EEF”) in the amount of $16.25 million. Since that time, Empire has paid down debt from available cash, and EEF partially converted additional principal and accrued interest in Q3 2021. On December 30, 2021, EEF converted the remaining $5.77 million of principal and accrued interest into 4,616,343 shares. The elimination of EEF’s debt removes a substantial debt liability from Empire’s balance sheet while also eliminating over $200K in annual interest payments. Empire’s only remaining long-term institutional debt is a $7.1 million loan from CrossFirst Bank.
“We have made significant progress transforming the total balance sheet by repositioning approximately $24 million of short term debt to long term debt in 2021, and now have reduced long term debt to $7 million with the added benefits of saving interest payments, increasing positive cash flow and building a core group of assets that we believe are significantly scalable,” said Mike Morrisett, President of Empire.
"Energy Evolution Fund is an absolute supporter of Empire Petroleum Corporation and the Empire shareholders. We believe that this step of debt reduction will position Empire to have the strongest balance sheet in its history,” stated Sterling Mulacek, Manager of Energy Evolution Fund. “Energy Evolution Fund’s transaction will underpin the largest shift of freed up capital to improve Empire’s organic growth and income for quarters to come.”
Empire CEO Tommy Pritchard added, “Energy Evolution Fund’s commitment to Empire, through the conversion of its debt into equity, allows us to cycle capital to our most rewarding areas faster, creating a strong financial position to deliver substantial growth in 2022.”
About Empire Petroleum Corporation
Empire Petroleum Corporation is a publicly traded, Tulsa-based oil and gas company with current producing assets in Texas, Louisiana, North Dakota, Montana and New Mexico. Management is focused on targeted acquisitions of proved developed assets with synergies with its existing portfolio of wells. Empire looks for assets where its operational team can deploy rigorous field/well management techniques to reduce unit operating costs and improve margins while optimizing production.
FORWARD LOOKING STATEMENTS
This press release includes certain statements that may be deemed “forward-looking statements” within the meaning of the federal securities laws. All statements, other than statements of historical facts that address activities, events or developments that Empire expects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are subject to a number of assumptions, risks and uncertainties. Actual results may vary materially from the forward-looking statements. For a list of certain material risks relating to Empire, see Empire’s Form 10-K for the fiscal year ended December 31, 2020.
Tommy Pritchard, CEO
Mike Morrisett, President
539-444-8002
PCG Advisory, Inc.
Stephanie Prince
646-863-6341
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Purchase of share of 92-megawatt wind project in southwestern Wisconsin will happen after construction is completed
MADISON, Wis.--(BUSINESS WIRE)--Madison Gas and Electric (MGE), in partnership with Wisconsin Public Service (WPS), a subsidiary of WEC Energy Group, received approval from the Public Service Commission of Wisconsin (PSCW) to purchase part of the Red Barn Wind Farm. MGE will own 9.1 megawatts (MW) of the 92-MW wind farm that will be built in the Towns of Wingville and Clifton in Grant County.
"The Red Barn Wind Farm will help MGE to meet future energy and capacity needs cost-effectively as we continue our ongoing transition to a more sustainable energy supply. We are working every day toward net-zero carbon electricity by 2050 for all our customers," said Jeff Keebler, MGE Chairman, President and CEO. "We have said since announcing our net-zero goal, if we can go further faster through partnerships with our customers and the evolution of new technologies, we will."
The Red Barn Wind Farm will be developed by PRC Wind and constructed by ALLETE Clean Energy. The approximately 12,000-acre project will feature 28 turbines. WPS will own the remaining 82.5 MW.
Construction is expected to begin this year, and the Red Barn Wind Farm is expected to begin serving customers by the end of the year. The project is expected to generate enough clean energy to power approximately 40,000 households. MGE's share of the project will power about 4,000 households.
Working toward net‐zero carbon electricity
MGE has reduced its carbon emissions 30% since 2005 and expects to achieve carbon reductions of at least 65% by 2030, consistent with global climate science to limit global warming. MGE continues to transition its energy supply to cleaner sources, with the anticipated addition of nearly 400 MW of wind, solar and battery storage between 2015 and 2024.
In May 2019, MGE announced its goal of net-zero carbon electricity by 2050, making it one of the first utilities in the nation to commit to net-zero carbon by mid-century. MGE's net-zero goal is consistent with climate science from the Intergovernmental Panel on Climate Change (IPCC) October 2018 Special Report on limiting global warming to 1.5 degrees Celsius. To achieve deep decarbonization, MGE is growing its use of renewable energy, engaging customers around energy efficiency and working to electrify transportation, all of which are key strategies identified by the IPCC.
About MGE
MGE generates and distributes electricity to 157,000 customers in Dane County, Wis., and purchases and distributes natural gas to 166,000 customers in seven south-central and western Wisconsin counties. MGE's parent company is MGE Energy, Inc. The company's roots in the Madison area date back more than 150 years.
Steve Schultz
Corporate Communications Manager
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WASHINGTON--(BUSINESS WIRE)--Nodal Exchange announced today that it achieved record trading volumes in 2021 across its key asset classes – power, natural gas and environmental futures.
Nodal achieved a record 2.2 billion MWh power futures volume traded in 2021, representing 28% growth over 2020. Nodal also set a calendar month trading record in December 2021 with 162 million MWh of power futures volume traded, representing 55% growth over December 2020. Nodal continues to be the market leader in North American power futures having the majority share of the open interest with a record 1.161 billion MWh as of end of year 2021. The open interest represents over $95 billion of notional value (both sides).
Nodal Exchange also saw growth in the U.S. natural gas market with record futures trading volume of 371 million MMBtu in 2021. Nodal Exchange ended 2021 with 329 million MMBtu US natural gas futures open interest, up from 133 million MMBtu at end of year 2020, representing a growth rate of 147%.
Nodal, with its collaborator IncubEx, continued to grow trading in the environmental futures and options markets. Nodal achieved a record 248,944 lots of environmental futures and options volume traded in 2021, representing 125% growth over 2020. Nodal also set a calendar month environmental trading record in December with 26,915 lots, up 335% from 6,184 lots in December 2020. Nodal US environmental futures and options open interest at year end 2021 was 170,770 lots, up 94% from 87,816 at the end of 2020.
“Nodal plays a key role in providing price, credit and liquidity risk management solutions to the markets we serve and we appreciate the confidence of our trading community which resulted in significant growth in our power, natural gas and environmental markets in 2021,” said Paul Cusenza, Chairman and CEO of Nodal Exchange. “As we begin the new year, we look forward to further developing these markets and expanding our product portfolio in order to best meet the needs of the markets we serve.”
ABOUT NODAL
Nodal Exchange is a derivatives exchange providing price, credit and liquidity risk management solutions to participants in the North American commodities markets. Nodal Exchange is a leader in innovation, having introduced the world’s largest set of electric power locational (nodal) futures contracts and the world’s largest set of environmental contracts. As part of EEX Group, a group of companies serving international commodity markets, Nodal Exchange currently offers over 1,000 contracts on hundreds of unique locations, providing the most effective basis risk management available to market participants. In addition, Nodal Exchange offers natural gas and environmental contracts. All Nodal Exchange contracts are cleared by Nodal Clear which is a CFTC registered derivatives clearing organization. Nodal Exchange is a designated contract market regulated by the CFTC.
Nicole Ricard
Nodal Exchange Public Relations
P: 703-962-9816
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BELOIT, Wis.--(BUSINESS WIRE)--#FMD--Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management (“Arcline”), today announced its acquisition of Federal Equipment Company (FEC). The acquisition significantly expands FMD’s product capabilities and service solutions for shipyard, defense, and industrial customers – with emphasis on its support for and offerings to the U.S. Nuclear Navy.
The transaction includes FEC Military, a global leader in designing and manufacturing mission-critical components and systems for the U.S. Navy and U.S. Coast Guard, including its advanced cargo elevators, engineered doors and specialized material handling equipment. The transaction also includes FEC’s commercial business, which delivers handling solutions to manufacturing customers outside the defense market.
“Fairbanks Morse Defense is committed to the values that define us as a leading defense contractor. The capabilities, experience, and quality reputation that we’re acquiring with FEC reinforce this commitment and solidify our position as a proven, single-source provider to our naval customers,” said FMD CEO George Whittier. “Both FEC and Fairbanks Morse Defense have highly experienced teams who understand the critical role that our customers play in protecting the nation, and they are all dedicated to delivering the highest quality service in support of that mission. Combining our knowledge and capabilities makes us a powerful asset for the defense industry.”
The FEC acquisition adds extensive capabilities to FMD, solidifying Fairbanks Morse Defense’s position as an integrated defense contractor and turnkey solutions provider to the U.S. Navy and U.S. Coast Guard. In recent years, FMD has completed multiple acquisitions to better serve defense customers, including its acquisitions of Hunt Valve Company, Ward Leonard, and Welin Lambie.
Founded in Ohio in 1982, FEC has approximately 145 employees. The company is headquartered on its campus near Cincinnati, Ohio, which includes two facilities totaling 100,000 square feet. In addition, FEC has begun construction on a 50,000 square foot facility, which will further increase its manufacturing capacity and capabilities. This building is expected to open in mid-2022.
“Through the process of designing and creating the systems for today’s and tomorrow’s marine fleets, we’re proud to have earned a reputation for successfully taking on some of the most difficult engineering and manufacturing challenges for the Navy, Marines, and the Coast Guard,” said FEC President Doug Ridenour. “Fairbanks Morse Defense has earned a similar reputation for excellence in the defense industry, which makes this a great fit for both companies.”
About Fairbanks Morse Defense (FMD)
Fairbanks Morse Defense (FMD) builds, maintains, and services the most trusted naval power and propulsion systems on the planet. For more than 100 years, FMD has been a principal supplier of a growing array of leading marine technologies, OEM parts, and turnkey services to the U.S. Navy, U.S. Coast Guard, Military Sealift Command, and Canadian Coast Guard. FMD stands ready to rapidly support the systems that power military fleets without compromising safety or quality. In times of peace and war, the experienced engineers, sailors, and technicians of FMD demonstrate our commitment to supporting the mission and vision of critical global naval operations wherever and whenever needed. FMD is a portfolio company of Arcline Investment Management.
To learn more, visit www.FairbanksMorseDefense.com.
About Federal Equipment Company (FEC)
Federal Equipment Company (FEC) was incorporated in Ohio in 1982 as a partnership of experienced shipboard equipment engineers and technical experts in specialized material handling equipment. Working closely with the many domestic shipyards for their various projects, the company grew with the added benefit of the expansive machining capabilities located in and around the Ohio Valley Area. Since then, the company has vastly expanded its capabilities and geographic presence, emerging as an internationally recognized organization.
Fairbanks Morse Media Contact:
Mercom Communications
Michelle Hargis
Tel: 512-215-4452
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Alternative investment group Global Emerging Markets (GEM) to provide share subscription facility of up to EUR 30 million
Proceeds will be used to access new major European Union cities to provide seamless zero-emission commuting options
VILNIUS, Lithuania--(BUSINESS WIRE)--SPARK Technologies, a top European electric car sharing company, announced that it has signed an agreement with GEM Global Yield LLC SCS, a Luxembourg-based private, alternative investment group, for a EUR 30 million capital commitment.
Under the agreement, GEM commits to providing SPARK with a share subscription facility of up to EUR 30 million for a 36-month term following public listing of SPARK Technologies shares. SPARK will remain in control of the timing and, within certain limits, the maximum amount of each individual drawdown under this facility and has no minimum drawdown obligation.
In connection with the share subscription facility, on public listing, SPARK will issue warrants to GEM to purchase, for a period of three years after a public listing of SPARK’s common stock, up to 4% of the total equity interests of SPARK as of such public listing date at an exercise price equal to the Share Price at the time of SPARK’s public listing. The exercise of these warrants will act as another funding exercise for SPARK.
Subject to the listing occurring, the proceeds from this financing will be used towards entry of new EU markets, massive scale-up of SPARK’s customer base and fleet size, and further advancement of the proprietary software systems.
"The agreement with GEM helps secure funding to continue our doubling annual growth as we expand our electric car fleet and enter new cities. With certainty of capital upon listing on a major European public stock exchange, SPARK is now well-positioned as the company is about to scale up its development.” added Nerijus Dagilis, CEO and Chairman of SPARK Technologies.
About SPARK
SPARK Technologies is an electric car sharing company focused on improving everyday life by providing zero-emission, easily available and affordable commuting in major European cities. The platform provides 1,500 cars fleet and is accessible for sharing on SPARK mobile application in cities of European Union countries: Bucharest, Sofia, Plovdiv and Vilnius. As of today, the company has reached a customer base in excess of 250,000. SPARK is a privately owned company incorporated in Lithuania. For more information: www.espark.lt/en, www.spark.bg/en/, www.espark.ro/en/.
About GEM
Global Emerging Markets (“GEM”) is a $3.4 billion, alternative investment group with offices in Paris, New York and Nassau (Bahamas). GEM manages a diverse set of investment vehicles focused on emerging markets and has completed over 480 transactions in 70 countries. Each investment vehicle has a different degree of operational control, risk-adjusted return, and liquidity profile. The family of funds and investment vehicles provide GEM and its partners with exposure to: Small-Mid Cap Management Buyouts, Private Investments in Public Equities and select venture investments. For more information: http://www.gemny.com
Ineta Dagiliene
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+37061454924
LAS VEGAS--(BUSINESS WIRE)--Wallbox (NYSE:WBX), a leading provider of electric vehicle (EV) charging and energy management solutions worldwide, announced the expansion of its digital presence of CES to bring CES2022 and its innovations to the living rooms of technology enthusiasts around the world.
As part of its digital campaign the company has transformed the in-person immersive experience available at its 3000 square feet booth at CES into a virtual reality (VR) and 360 degree experience that can be viewed for free on their Youtube channel. The VR experience showcases the scope of technology and innovation that Wallbox is presenting in person at CES and is designed to allow people to see how its next generation technology can change the user's day-to-day life.
“Innovation can be hard to explain in words, so we really wanted to show people what we are doing. Our virtual reality experience allows people to understand how these relatively new technologies like vehicle to home (V2H) or sustainable energy management work in real life situations.” said Bárbara Calixto, CMO of Wallbox.
The company also plans to produce daily content to share more of what’s happening at the show with home viewers. Part of this content will be dedicated to presenting the two latest pieces of hardware being unveiled at the event.
Copper 2 - Wallbox will present its latest Business charger for the European market. With 22kW charging power, Copper 2 has been rigorously designed to close the gap in business charging needs, bringing a new take on Business EV charging. The new charger addresses companies’, installers’ and drivers’ need for more robust and reliable chargers, that are user-centric and come with energy management, installation and maintenance options. Copper 2 is expected to begin production in Q3 2022.
Quasar 2 - the latest generation of its bidirectional home charger designed specifically for the North American market. As well as enabling EV owners to charge and discharge their electric vehicle to power their home or the grid, Wallbox’s latest innovation is designed to give EV drivers the ability to isolate their home from the grid and use their EV for backup power during a blackout.
“Wallbox continues to innovate pioneer technologies that make it easier for consumers all over the world to choose and adopt electric driving and the use of renewable energy in their daily lives. Quasar 2 and Copper 2 are our latest products designed to respond to the needs we anticipate as millions of people are expected to make this transition,” said Enric Asunción, CEO and co-founder of Wallbox. “We want to get people excited about our technology and show them how it is changing the way the world uses energy”
Through their digital content, the company will also give viewers insight into the design process behind Wallbox products, for which the company has been presented with many awards, including at CES2020. The company also plans to offer a tour of some of the hottest trends in the electric vehicle space at CES this year.
“CES is an opportunity for the tech community to showcase where technology is headed,” said Barbara Calixto, Chief Marketing Officer for Wallbox. “It’s an important event globally, and we wanted to ensure that we could share the experience with as many people as possible and get them excited for the future of EV charging and energy.”
Where to find Wallbox
Viewers can see Wallbox’s product unveilings, a guided tour of their booth and more through their official Youtube channel, Linkedin, Twitter, Instagram, and their CES2022 landing page.
For those attending CES2022 in person, Wallbox can be found in the West Hall 6627 of the Las Vegas Convention Center.
About Wallbox
Wallbox is a global technology company, dedicated to changing the way the world uses energy. Wallbox creates advanced electric vehicle charging and energy management systems that redefine users' relationship to the grid. Wallbox goes beyond electric vehicle charging to give users the power to control their consumption, save money, and live more sustainably. Wallbox offers a complete portfolio of charging and energy management solutions for residential, semi-public and public use in more than 80 countries.
Founded in 2015 and headquartered in Barcelona, the company now employs over 700 people in its offices in Europe, Asia, and the Americas.
For additional information, please visit www.wallbox.com.
Wallbox Forward Looking Statements
This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements regarding the content to be produced during the CES. In some cases, you can identify forward-looking statements by terminology such as "anticipate," "believe," "may," "can," "should," "could," "might," "plan," "possible," "project," "strive," "budget," "forecast," "expect," "intend," "will," "estimate," "predict," "potential," "continue" or the negatives of these terms or variations of them or similar terminology, but the absence of these words does not mean that statement is not forward-looking. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward looking statements. In addition, any statements or information that refer to expectations, beliefs, plans, projections, objectives, performance or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking.
These forward-looking statements are based on management’s current expectations and beliefs. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause Wallbox’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to the factors discussed under the caption "Risk Factors" in Wallbox’s final prospectus on Form 424(b)(3) filed with the SEC on November 12, 2021, as such factors may be updated from time to time in its other filings with the SEC, accessible on the SEC’s website at www.sec.gov and the Investors Relations section of Wallbox’s website at investors.wallbox.com.
These and other important factors could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any forward-looking statement that Wallbox makes in this press release speaks only as of the date of such statement. Except as required by law, Wallbox disclaims any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise.
Sara Long
Spark for Wallbox
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