MONTREAL--(BUSINESS WIRE)--$LMR #CSMs--Lomiko Metals Inc. (TSX.V:LMR) (“Lomiko Metals” or the “Company”) is pleased to announce the following corporate updates as it builds on the significant momentum of its 2021 activities.
Belinda Labatte, CEO, stated: “We are pleased to start the year as the newest member of The Accelerate Alliance, committed to creating the collaborations necessary for a zero-emission vehicle supply chain in Canada. We need to be part of the conversation on manifesting a Made-in-Canada solution for the full spectrum of suppliers to the electric vehicle economy. Being a people-first and community-friendly company, we look forward to adding our voice to the conversation and representing the interests of Quebec and Canada with this alliance, and meeting the challenges and opportunities for upstream critical minerals enterprises.”
Ms. Labatte continued, “Having recently closed our $2.1M flow-through financing, we also look forward to working with Kim Darlington and her team at Refined Substance on our investor relations and corporate communications efforts in 2022 as the Company advances the development of the La Loutre graphite project with drilling, baseline and engineering studies, and community engagement work.”
Participation in The Accelerate Alliance
Lomiko is starting 2022 as a member of The Accelerate Alliance, a national initiative aligning members on policies and programs to accelerate the development of the Zero-Emission Vehicle (ZEV) supply chain. We are pleased to be represented alongside the entire upstream and downstream critical minerals and automotive sector and become a meaningful partner in the development of an industrial roadmap to build out Canada’s zero-emission vehicle and infrastructure supply chains. Among various initiatives and priorities of The Accelerate Alliance, Lomiko looks forward to promoting the benefits of a Canadian ZEV supply chain to the public and to the communities in which it operates.
Matthew Fortier, President and CEO of Accelerate said: "We are very happy that Lomiko Metals has joined Accelerate. The company's commitment to partnering with communities and representing Quebec and Canadian interests at all levels of its organization, and to developing Canada's critical minerals and creating a new energy future, aligns with our cross-sectoral and cross-regional approach to building and integrating our country's zero-emission vehicle supply chain."
Investor relations representation and updated presentation
Lomiko has retained the services of Refined Substance Inc., principally owned by Kimberly Darlington, to provide investor relations representation and communications advisory services to the company in English and French. Refined Substance is a Montreal-based communications and marketing firm that provides communications and marketing services to the mining industry. Refined Substance will expand and augment Lomiko’s vision and strategy to investors and to the public at large within our direct communities where we operate, and larger communities of investors in critical minerals, sustainability and energy transition.
Under the terms of the agreement, Refined Substance will provide investor relations services, including press release preparation and distribution, management of investor inquiries, public and media relations outreach, and other communications services for Lomiko. Compensation will be $7,000 monthly, payable in cash to Refined Substance Inc. There are no performance factors contained in the agreement. The agreement is effective January 1, 2022 and may be terminated upon 30 days’ notice. Refined Substance and the Company are arm’s-length parties.
The Company’s updated investor presentation and website can be found on www.lomiko.com.
About Lomiko Metals Inc.
Lomiko Metals has a new vision and a new strategy in new energy. Lomiko represents a company with purpose: a people-first company where we can manifest a world of abundant renewable energy with Canadian and Quebec critical minerals for a solution in North America. Our goal is to create a new energy future in Canada where we will grow the critical minerals workforce, become a valued partner and neighbour with the communities in which we operate, and provide a secure and responsibly sourced supply of critical minerals.
The Company holds a 100% interest in its La Loutre graphite development in southern Quebec. The La Loutre project site is located within the Kitigan Zibi Anishinabeg (KZA) First Nations territory. The KZA First Nations are part of the Algonquin Nation and the KZA territory is situated within the Outaouais and Laurentides regions. Located 180 kilometres northwest of Montreal, the property consists of 1 large, continuous block with 48 minerals claims totaling 2,867 hectares (28.7km2). Lomiko Metals published a Preliminary Economic Assessment (“PEA”) on September 10, 2021 which indicated the project had a 15 year mine life producing per year 100,000 tonnes of the graphite concentrate at 95%Cg or a total of 1.5Mt of the graphite concentrate. This report was prepared as National Instrument 43-101 Technical Report for Lomiko Metals Inc. by Ausenco Engineering Canada Inc., Hemmera Envirochem Inc., Moose Mountain Technical Services, and Metpro Management Inc., collectively the Report Authors. The Bourier project site is located near Nemaska Lithium and Critical Elements south-east of the Eeyou Istchee James Bay territory in Quebec which consists of 203 claims, for a total ground position of 10,252.20 hectares (102.52 km2), in Canada’s lithium triangle near the James Bay region of Quebec that has historically housed lithium deposits and mineralization trends.
Mr. Mike Petrina, Project Manager, a Qualified Person under National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and approved the technical disclosure in this news release.
For more information on Lomiko Metals, please visit www.lomiko.com or email us at This email address is being protected from spambots. You need JavaScript enabled to view it..
Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. The information in this news release about the Company; and any other information herein that is not a historical fact may be "forward-looking information" (“FLI”). All statements, other than statements of historical fact, are FLI and can be identified by the use of statements that include words such as "anticipates", "plans", "continues", "estimates", "expects", "may", "will", "projects", "predicts", “proposes”, "potential", "target", "implement", “scheduled”, "intends", "could", "might", "should", "believe" and similar words or expressions. FLI in this new release includes, but is not limited to: the Company’s objective to become a responsible supplier of critical minerals, exploration of the Company’s projects, including expected costs of exploration and timing to achieve certain milestones, including timing for completion of exploration programs; the Company’s ability to successfully fund, or remain fully funded for the implementation of its business strategy and for exploration of any of its projects (including from the capital markets); any anticipated impacts of COVID-19 on the Company’s business objectives or projects, the Company's financial position or operations, and the expected timing of announcements in this regard. FLI involves known and unknown risks, assumptions and other factors that may cause actual results or performance to differ materially. This FLI reflects the Company’s current views about future events, and while considered reasonable by the Company at this time, are inherently subject to significant uncertainties and contingencies. Accordingly, there can be no certainty that they will accurately reflect actual results. Assumptions upon which such FLI is based include, without limitation: current market for critical minerals; current technological trends; the business relationship between the Company and its business partners; ability to implement its business strategy and to fund, explore, advance and develop each of its projects, including results therefrom and timing thereof; the ability to operate in a safe and effective manner; uncertainties related to receiving and maintaining exploration, environmental and other permits or approvals in Quebec; any unforeseen impacts of COVID-19; impact of increasing competition in the mineral exploration business, including the Company’s competitive position in the industry; general economic conditions, including in relation to currency controls and interest rate fluctuations.
The FLI contained in this news release are expressly qualified in their entirety by this cautionary statement, the “Forward-Looking Statements” section contained in the Company’s most recent management’s discussion and analysis (MD&A), which is available on SEDAR at www.sedar.com, and on the investor presentation on its website. All FLI in this news release are made as of the date of this news release. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
Kimberly Darlington
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514-771-3398
Trusted Leader to Bring Modern, LTE-based AMI Grid Solutions to Electric and Gas Utilities
SAN FRANCISCO--(BUSINESS WIRE)--CrescoNet, a leading worldwide provider of LTE/5G AMI networks for electric and gas utilities, announced that Clark Pierce has joined the company as Vice President of Sales. Mr. Pierce will guide relationship-based sales of CrescoNet’s advanced AMI, grid modernization, and integration offerings designed to unlock new streams of utility operating savings on private and public LTE networks.
Mr. Pierce is a trusted and well-known 30-year veteran of utility sales and operations across a wide range of applications and market segments. For more than a decade, Clark served as a senior sales executive of Landis+Gyr overseeing successful engagements and deployments to investor-owned, public power, cooperative, and municipal utilities.
John Stafford, President for CrescoNet North America, commented, “As you might imagine, we are incredibly excited to attract Clark to our senior management team. Clark’s invaluable, utility-specific experience and relationships will allow us to accelerate the pace of market capture. More importantly, as utilities adopt modern, private and public LTE solutions and sunset earlier generation AMR/AMI systems, Clark’s leadership will ensure our utility clients receive the best-of-class operating benefits they deserve.”
About CrescoNet
CrescoNet is a leading provider of highly resilient and secure, public and private LTE/5G standards-based advanced metering infrastructure (AMI), grid modernization, and Internet of Things (IoT) solutions for electric, water, and gas utilities. For more information on CrescoNet visit www.cresconet.com.
Kim Glassman
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877.515.7627, Extension 3
HOUSTON--(BUSINESS WIRE)--Murphy Oil Corporation (NYSE: MUR) today announced that Roger W. Jenkins, President and Chief Executive Officer, will participate on a panel at the virtual Goldman Sachs Global Energy and Clean Technology Conference on Thursday, January 6, 2022 at 2:00 p.m. Eastern Standard Time (EST).
The live audio webcast presentation will be available on the company’s website at http://ir.murphyoilcorp.com.
ABOUT MURPHY OIL CORPORATION
As an independent oil and natural gas exploration and production company, Murphy Oil Corporation believes in providing energy that empowers people by doing right always, staying with it and thinking beyond possible. Murphy challenges the norm, taps into its strong legacy and uses its foresight and financial discipline to deliver inspired energy solutions. Murphy sees a future where it is an industry leader who is positively impacting lives for the next 100 years and beyond. Additional information can be found on the company’s website at www.murphyoilcorp.com.
Investor Contacts:
Kelly Whitley, This email address is being protected from spambots. You need JavaScript enabled to view it., 281-675-9107
Megan Larson, This email address is being protected from spambots. You need JavaScript enabled to view it., 281-675-9470
NEWBURY PARK, Calif.--(BUSINESS WIRE)--Kolibri Global Energy Inc. (the "Company") (TSX:KEI, OTCQB:KGEIF) is pleased to announce the successful completion of its rights offering (the “Offering”). The Offering, which expired on December 29, 2021, raised gross proceeds of approximately CAD$8.6 million.
The Company intends to drill and complete two wells in its Tishomingo Field, Oklahoma, using proceeds from the Offering together with US$2,000,000 to be borrowed pursuant to a committed increase to the Company’s credit facility borrowing base if certain other conditions are satisfied, as set out in more detail in the Company’s rights offering circular dated November 23, 2021.
The Company issued a total of 32,017,670 common shares under basic subscription privileges and a total of 87,647,375 common shares under additional subscription privileges in the Offering. In addition, 3,571,428 common shares will be issued to Polygon Global Partners LLP (“Polygon”) pursuant to the Company’s Stand-By Commitment Agreement (the “Stand-By Agreement”) with Polygon, which will be in addition to the common shares acquired by Polygon under its basic subscription privilege and additional subscription privilege.
The total number of issued and outstanding common shares of the Company upon completion of the Offering will be 356,159,098.
The Company will disclose additional information regarding the number of common shares acquired in the Offering by new and existing insiders once that information is available.
This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction. No offer, solicitation or sale of these securities shall be made in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
About Kolibri Global Energy Inc.
Kolibri Global Energy Inc. is an international energy company focused on finding and exploiting energy projects in oil, gas and clean and sustainable energy. Through various subsidiaries, the Company owns and operates energy properties in the United States. The Company's shares are traded on the Toronto Stock Exchange under the stock symbol KEI and on the OTCQB under the stock symbol KGEIF.
Caution Regarding Forward-Looking Information
Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws and “forward-looking statements” as such term is used in the United States, including statements regarding the Company’s intended use of the proceeds of the Offering, its ability to drill and complete two wells in Oklahoma, the satisfaction of conditions precedent to increase the Company’s credit facility, and the increase to the Company’s credit facility on favorable terms. Forward-looking information and statements are based on plans and estimates of management and interpretations of data by the Company's technical team at the date the data is provided and is subject to several factors and assumptions of management, including that the Offering will provide sufficient liquidity to support the Company’s intended use of the proceeds therefrom. Forward-looking information and statements are subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Factors that could cause the forward-looking information or statements in this news release to change or to be inaccurate include, but are not limited to, the risk that any of the assumptions on which such forward looking information is based vary or prove to be invalid, the risk that the Offering will not provide the expected liquidity or benefits to the Company’s business or operations, risks that could cause the Company to allocate the proceeds of the Offering in a manner other than as disclosed, including all of the risks related to the Company's business, financial condition, result of operations and cash flows and those factors detailed from time to time in the Company's interim and annual financial statements and management's discussion and analysis of those statements, all of which are filed and available for review on sedar.com. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.
Wolf E. Regener
+1 (805) 484-3613
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.kolibrienergy.com
HOUSTON--(BUSINESS WIRE)--MV Oil Trust (NYSE: MVO) announced the Trust distribution of net profits for the fourth quarterly payment period ended December 31, 2021.
Unitholders of record on January 14, 2022 will receive a distribution amounting to $4,715,000 or $0.41 per unit payable January 25, 2022.
Volumes, average price and net profits for the payment period were:
Volume (BOE) |
|
161,030 |
|
|
Average price (per BOE) |
|
$ |
72.15 |
|
Gross proceeds |
|
$ |
11,618,783 |
|
Costs |
|
$ |
5,262,932 |
|
Net profits |
|
$ |
6,355,851 |
|
Percentage applicable to Trust’s 80% |
|
|
|
|
Net profits interest |
|
$ |
5,084,681 |
|
MV Partners reserve for capital expenditures |
|
$ |
-- |
|
Total cash proceeds available for the Trust |
|
$ |
5,084,681 |
|
Provision for current estimated Trust expenses |
|
$ |
(264,264 |
) |
Amount withheld for future Trust expenses |
|
$ |
(105,417 |
) |
Net cash proceeds available for distribution |
|
$ |
4,715,000 |
|
As previously disclosed, in November 2021, the Trustee notified MV Partners, LLC (“MV Partners”) that the Trustee intends to build a reserve for the payment of future known, anticipated or contingent expenses or liabilities, commencing with the distribution payable in the first quarter of 2022. The Trustee intends to withhold a portion of the proceeds otherwise available for distribution each quarter to gradually build a cash reserve to approximately $1.265 million. This amount is in addition to the letter of credit in the amount of $1.8 million provided to the Trustee by MV Partners to protect the Trust against the risk that it does not have sufficient cash to pay future expenses. The Trustee may increase or decrease the targeted amount at any time, and may increase or decrease the rate at which it is withholding funds to build the cash reserve at any time, without advance notice to the unitholders. Cash held in reserve will be invested as required by the Trust Agreement. Any cash reserved in excess of the amount necessary to pay or provide for the payment of future known, anticipated or contingent expenses or liabilities eventually will be distributed to unitholders, together with interest earned on the funds. The Trustee has elected to withhold $105,417 from the proceeds otherwise available for distribution this quarter.
This press release contains forward-looking statements. Although MV Partners has advised the Trust that MV Partners believes that the expectations contained in this press release are reasonable, no assurances can be given that such expectations will prove to be correct. The announced distributable amount is based on the amount of cash received or expected to be received by the Trustee from the underlying properties on or prior to the record date with respect to the quarter ended December 31, 2021. Any differences in actual cash receipts by the Trust could affect this distributable amount. Other important factors that could cause these statements to differ materially include the actual results of drilling operations, risks inherent in drilling and production of oil and gas properties, the ability of commodity purchasers to make payment, the effect, impact, potential duration or other implications of the COVID-19 pandemic, actions by the members of the Organization of Petroleum Exporting Countries, and other risk factors described in the Trust’s Annual Report on Form 10-K for the year ended December 31, 2020 filed with the Securities and Exchange Commission. Statements made in this press release are qualified by the cautionary statements made in these risk factors. The Trust does not intend, and assumes no obligations, to update any of the statements included in this press release.
MV Oil Trust
The Bank of New York Mellon Trust Company, N.A., as Trustee
Elaina Rodgers
713-483-6020
DUBLIN--(BUSINESS WIRE)--The "Global Naval EO/IR CONOPs Evolutions and Use Cases - 2021" report has been added to ResearchAndMarkets.com's offering.
This report covers the major trends and restraints experienced across the market. Importantly, the changing concepts of EO/IR systems and the future expectations that will be required by navies are explored in detail within this report.
A key aspect that is considered in the changing requirements of the EO/IR market is the technological developments that are underway, with an analysis of their technological readiness and with current examples provided. Three major growth opportunities for companies to pursue are identified as follows: data processing capabilities, extended support to cater to operators with limited budgets, and image processing to enable information extraction in degraded environments.
The naval EO/IR domain will continue to grow and evolve, with countries implementing naval modernization and forcing expansion programs as global tensions rise and as neglected fleets reach their expected end-of-life dates. The need for modern and more capable multi-role fleets comes as European and North American navies become involved within the Arctic Arms Race and as trade fleets require greater protection from growing piracy and actions from Iran.
The threat of Chinese expansionism because of more frequent airspace violations and a rapidly increasing fleet drives the US requirement to develop a larger fleet that can operate within littoral environments, in addition to creating a resurgence of submarine programs across the Asia-Pacific region.
Some of the main trends seen within the EO/IR market include the merging of different sensor types into a single package; digitization and sensor fusion; hyperspectral and multispectral sensing; and a continual need for reduced size, weight, and power (SWaP) properties of systems.
Traditionally, separate EO/IR systems will merge into single packages to increase efficiency. This trend has been mainly in the air domain but has increasingly been adopted by the naval domain. Increased automation has been driving this trend, based on improvements to artificial intelligence and a decrease in the SWaP of sensors.
EO/IR sensors continue to be digitized and fused into singular packages. As the amount of sensors on a package increase, the volume of data needing to be analyzed will grow as well, thus leading to the higher requirement for artificial intelligence and Big Data technologies to be incorporated into packages to automate and enhance data analysis.
Hyperspectral and multispectral sensing will likely be highly sought after within the naval domain, where the capability will drastically improve operations in littoral and high sea state environments.
Key Topics Covered:
Strategic Imperatives
Growth Environment
Research Scope and Methodology
General Trends
Growth Opportunities Analysis
Naval EO/IR Evolution
Technology
Growth Opportunity Universe
Appendix
For more information about this report visit https://www.researchandmarkets.com/r/haz1q8
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For E.S.T Office Hours Call 1-917-300-0470
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With over 30 large scale projects in 4 different continents, Ecoppia solidifies its position as market leaders
TEL AVIV, Israel--(BUSINESS WIRE)--#Ecoppia--Ecoppia (TASE: ECPA), world’s leader in robotic cleaning solutions for photovoltaic solar, announces today yet another major achievement, presenting an unmatched project portfolio of 3,000MW, cleaning over 4.8 billion panels till date.
This significant milestone aligns with Ecoppia’s global expansion activities into new geographies, answering the burning need for truly autonomous robotic solutions in dry regions. With tariffs constantly falling every year while solar sites’ capacity continues to increase Ecoppia’s portfolio of robotic solutions provides site owners an optimal way to drastically lower O&M expenses, while ensuring continuous peak production.
According to the UN, 2.3 billion people live in water-stressed countries, meanwhile, the fact remains that the vast majority of large-scale solar sites are geographically located in arid areas, suffering from excessive soiling, dust storms and a lack of water resources. Ecoppia’s water-free solutions ensures peak solar energy production does not imply spent of precious water resources.
In fact, since inception, Ecoppia had directly saved over 6 billion liters of water, in the most arid regions on the globe, and is projected to save over 100 billion liters of water by 2030.
“We are proud to have reached this important milestone, while continuing to exceed customer expectations even during this world pandemic. This great landmark recognizes Ecoppia’s contribution to the expansion of the solar industry to even the most remote and challenging locations” said Jean Scemama, CEO of Ecoppia. “Ecoppia continues to proceed full steam ahead to 2022, launching a new robotic platform and remaining at the forefront of the solar automation”.
About Ecoppia
With over 16GW of agreements, Ecoppia (TASE: ECPA) is a pioneer and world leader in robotic solutions for photovoltaic solar. Ecoppia’s cloud-based, water-free, autonomous robotic solutions remove soil from solar panels daily, leveraging sophisticated technology and advanced Business Intelligence capabilities. Remotely managed and controlled, the Ecoppia platform allows solar sites to maintain peak performance with minimal costs and human intervention. Ecoppia’s proprietary algorithms and robotic solutions make day-to-day O&M at solar sites safer, more efficient and more reliable. Publicly held and backed by prominent international investment funds, Ecoppia works with the largest energy companies across the globe, cleaning millions of solar panels every day. For more information, visit www.ecoppia.com
Anat Cohen Segev
VP Marketing, Ecoppia
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+972-9-8917000
NORWELL, Mass.--(BUSINESS WIRE)--Clean Harbors, Inc. (“Clean Harbors”) (NYSE: CLH), the leading provider of environmental and industrial services throughout North America, today announced that Chief Financial Officer Michael L. Battles and SVP Investor Relations Jim Buckley will be presenting at the following virtual investor conferences in January:
To access the live or archived webcast of these events, visit the “Investor Relations” portion of Clean Harbors’ website at www.cleanharbors.com.
About Clean Harbors
Clean Harbors (NYSE: CLH) is North America’s leading provider of environmental and industrial services. The Company serves a diverse customer base, including a majority of Fortune 500 companies. Its customer base spans a number of industries, including chemical, energy and manufacturing, as well as numerous government agencies. These customers rely on Clean Harbors to deliver a broad range of services such as end-to-end hazardous waste management, emergency spill response, industrial cleaning and maintenance, and recycling services. Through its Safety-Kleen subsidiary, Clean Harbors also is North America’s largest re-refiner and recycler of used oil and a leading provider of parts washers and environmental services to commercial, industrial and automotive customers. Founded in 1980 and based in Massachusetts, Clean Harbors operates in the United States, Canada, Mexico, Puerto Rico and India. For more information, visit www.cleanharbors.com and follow us on LinkedIn, Facebook and Twitter.
Michael L. Battles
EVP and Chief Financial Officer
Clean Harbors, Inc.
781.792.5100
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Jim Buckley
SVP Investor Relations
Clean Harbors, Inc.
781.792.5100
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Net zero strategies require more integrated generation, transmission and distribution solutions
SINGAPORE--(BUSINESS WIRE)--The integration of renewable energy into grid systems – more than simply deploying renewable energy to replace the region’s large dependence on coal – is the biggest challenge facing Asia’s electric industry, according to findings from this year’s Black & Veatch Asia Electric Report.
“The report reveals that pressures to lower grid emissions are mounting from investors, large customers and governments as infrastructure needs continue to transform,” said Narsingh Chaudhary, Executive Vice President & Managing Director, Asia Pacific. “The introduction of more renewable energy is changing the very nature of electric grid management and this means Asian electricity providers must plan and invest seriously across the entire system of generation, transmission and distribution assets.”
The need to focus investments beyond generation into transmission and distribution is underlined throughout the report. For example, 25 percent of industry respondents are not confident in the performance and resilience of their transmission and distribution systems. In addition, two of the top three threats to providing reliable service to customers are cited as underinvestment in transmission and insufficient energy storage.
“The energy transition is underway across the region with more than 80 percent of respondents saying they are channeling capital to clean energy investments,” said Harry Harji, Associate Vice President for Black & Veatch's management consulting business in Asia. “Solar, in particular, looks set to receive increased investments over the next five years while almost half of respondents think hydrogen will emerge as an alternative to gas generation by 2030.”
Other key findings highlighted in the report include:
Editor’s Notes:
About Black & Veatch’s Industry Reports
Black & Veatch’s high-impact reports, in a series previously known as Strategic Directions publications, provide industry insights and analysis based on market-leading research. Encompassing several annual reports examining the electric, water and other sectors, the series serves to inform and educate industry players on key issues, challenges and opportunities. Visit https://www.bv.com/reports to learn more.
About Black & Veatch
Black & Veatch is an employee-owned global engineering, procurement, consulting and construction company with a more than 100-year track record of innovation in sustainable infrastructure. Since 1915, we have helped our clients improve the lives of people around the world by addressing the resilience and reliability of our most important infrastructure assets. Our revenues in 2020 exceeded US$3.0 billion. Follow us on www.bv.com and on social media.
Media Contact Information:
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HOUSTON--(BUSINESS WIRE)--FourQuest Energy Services has acquired privately owned US-based Boyle Energy Services & Technology, Inc. (BEST). Based in New Hampshire, BEST was founded in 1993 and is a global leader in providing engineering expertise, specialized equipment, and field services to commission or transition large-scale energy construction projects from a post-construction state to a functional operating plant. Furthermore, BEST has been awarded six patents related to pre-commissioning and commissioning services.
“We are very pleased to be acquiring the world leader in pre-commissioning within the power industry,” said Manuel Hurtaud, Managing Director of FourQuest Energy Services. “This deal will accelerate our worldwide growth and diversification while continuing to focus on best-in-class engineering and industry-leading field execution throughout the oil and gas, chemical, and power generation markets.”
Chief Executive Officer of BEST Michael Boyle added, “I am very proud to join the FourQuest Energy Services team. Together BEST and FourQuest will provide leading-edge technology serviced by superior engineering and the best people everywhere in the world. The combined strength of the two companies will enable more value to be created for our clients.”
Effective January 1, 2022, Boyle Energy Services & Technology, Inc. (BEST) was renamed BEST Energy Services Inc. and will continue operating as a separate company. The acquisition includes all of BEST’s employees and leadership team. BEST will be headed up by Chief Executive Officer Michael Boyle and will remain located in New Hampshire.
About FourQuest Energy
FourQuest Energy is a global energy services company with leading expertise and experience in plant maintenance, pre-commissioning, and commissioning services at oil and gas, refinery, petrochemical, and other industrial facilities. Find out more at fourquest.com
FourQuest Energy
Sean Conroy
Chief Marketing Officer
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BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--#O2Investment--O2 Investment Partners (“O2” or the “Firm”) is pleased to announce the recent sale of its portfolio company, Mantis Innovation Group (“Mantis” or the “Company”) to Gemspring Capital (“Gemspring”).
Headquartered in Houston, Texas, Mantis provides solutions to deliver better building performance and improved energy efficiency for its customers. The company relies on proprietary software tools to offer a full suite of services, including: energy procurement and demand management; solar, roofing, building envelope and pavement assessment and maintenance; and LED lighting, HVAC/mechanical and building automation systems design and implementation.
Since O2’s initial investment in May 2018, O2 and management have created significant value through organic and inorganic growth initiatives, with a consistent focus on developing and utilizing best-in-class software-enabled solutions. Mantis completed and integrated four add-on acquisitions, enhancing and diversifying the Company’s service offerings, customer base, and geographic reach.
“We are incredibly proud and thankful for all of the Mantis team’s hard work, dedication, and innovation made since 2018. Together, we created an industry leader with a truly differentiated service offering, supported by the Company’s collaborative mentality and strong culture. We are grateful to have had the opportunity to partner with the Mantis team and believe they are in good hands with Gemspring to take the business to the next level,” said Joe Vallee, a Partner with O2.
“O2 has been a great partner in helping Mantis grow to the level we are today. From the first day of our partnership, they believed in our strategic vision and philosophy of growth. In particular, Joe Vallee, a Partner with O2, was unwavering in his pursuit to assist Mantis in achieving success,” said Dan Marzuola, CEO of Mantis. “We are also excited about our next chapter in partnership with Gemspring and believe their operational expertise, network of advisors, and M&A support will help us strengthen our platform and drive transformational growth.”
Don Gerne, Managing Director at Gemspring, added, “We see building owners seeking to shift from reactive to preventative and predictive asset management, as well as a strong desire to reduce energy consumption. Mantis’ broad suite of value-added services and tech-enabled solutions position the Company very well to support these building owners as the go-to provider of managed facility and energy services. We are delighted to partner with the Mantis team to build on their successes to date and accelerate the Company’s growth.”
Houlihan Lokey served as the exclusive financial advisor to O2 and Mantis Innovation Group. Honigman provided legal counsel to O2 Investment Partners, and Walker Eisenbraun, LLC provided legal counsel to Mantis Innovation Group’s management.
About Mantis:
Mantis Innovation is a tech-enabled service provider that works with customers to deliver better building performance and improved energy efficiency. The company offers a full suite of services, including: energy procurement and demand management; solar, roofing, building envelope, and pavement, design, assessment and maintenance; and LED lighting, HVAC/mechanical and building automation systems implementation. Mantis is headquartered in Houston, Texas, with 17 locations across the United States from Massachusetts to Washington. For more information, visit www.mantisinnovation.com.
About O2 Investment Partners:
O2 Investment Partners is a Midwestern based private equity firm that seeks to acquire majority interests in lower middle market B2B services, technology, and select industrial companies. The firm invests in businesses with earnings growth potential and a clear path to the creation of shareholder value. O2 invests with a view toward partnering with management to build and grow the business and take it to its next stage of development. This requires not only a clear vision and strategic plan to create shareholder value, but a close partnership and alignment of interest with management. For more information, visit www.o2investment.com.
About Gemspring Capital:
Gemspring Capital, a Westport, Connecticut-based private equity firm with $1.5 billion of capital under management, provides flexible capital solutions to lower middle market companies. Gemspring partners with talented management teams and takes a partnership approach to helping drive revenue growth and value creation. Target companies have up to $500 million in revenue and are in the aerospace & defense, business services, consumer services, financial and insurance services, healthcare services, industrial services, software and tech-enabled services, or specialty manufacturing sectors. For more information, visit www.gemspring.com.
O2 Investment Partners
Joe Vallee
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SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX), one of the world’s leading energy companies, will hold its quarterly earnings conference call on Friday, January 28, 2022, at 11:00 a.m. ET (8:00 a.m. PT).
Conference Call Information:
Date: Friday, January 28, 2022
Time: 11:00 a.m. ET / 8:00 a.m. PT
Dial-in # (Listen-only mode): 888-609-5704
Conference ID #: 5209887
Speakers:
Mike Wirth – Chairman of the Board and Chief Executive Officer
Pierre Breber – Vice President and Chief Financial Officer
Roderick Green – General Manager, Investor Relations
To access the live webcast, visit www.chevron.com.
The meeting replay will also be available on the company website under the “Investors” section.
Chevron is one of the world’s leading integrated energy companies. We believe affordable, reliable and ever-cleaner energy is essential to achieving a more prosperous and sustainable world. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry. We are focused on lowering the carbon intensity in our operations and seeking to grow lower carbon businesses along with our traditional business lines. More information about Chevron is available at www.chevron.com.
Braden Reddall
+1 (925) 842-2209
DEARBORN, Mich.--(BUSINESS WIRE)--Ford Motor Company said today it is planning to nearly double production of the F-150 Lightning™ pickup at the Rouge Electric Vehicle Center in Dearborn to 150,000 trucks per year to meet high demand for the first all-electric version of America’s best-selling vehicle, the F-Series. And beginning Thursday, the first group of reservation holders will be invited to place their orders for the F-150 Lightning.
“With nearly 200,000 reservations, our teams are working hard and creatively to break production constraints to get more F-150 Lightning trucks into the hands of our customers,” said Kumar Galhotra, president of The Americas & International Markets Group, Ford Motor Company. “The reality is clear: People are ready for an all-electric F-150 and Ford is pulling out all the stops to scale our operations and increase production capacity.”
Due to unprecedented customer interest, Ford is implementing a wave-by-wave reservation process, with reservation holders being asked to watch for an invitation via email from Ford or to log into their Ford.com account over the next few months. Those who don’t receive invitations to convert for the 2022 model year will have an opportunity to order a future model year vehicle in due course.
Flexibility is key to Ford’s production system and the way teams are now working to deliver the company’s future lineup of electric vehicles. To deliver this latest increase, a small task force of employees from manufacturing, purchasing, strategy, product development and capacity planning are finding ways to quickly adapt and expand production of the groundbreaking pickup. Ford is working with key suppliers – as well as with its own manufacturing facilities Rawsonville Components Plant and Van Dyke Electric Powertrain Center – to find ways to increase capacity of electric vehicle parts, including battery cells, battery trays and electric drive systems.
“The pride and quality UAW members are putting into building the iconic Ford F-150 Lightning is evident in the high pre-production demand for the new F-150 Lightning truck,” said Chuck Browning, UAW vice president. “UAW members are leading the way in doubling the amount of vehicles Ford is producing for this game-changing model of our legendary union-built vehicle.”
This week marks the final pre-build phase before accelerating into mass production of F-150 Lightning trucks for retail customers and F-150 Lightning Pro for commercial customers. These production-level trucks will be used for testing in real-world customer conditions, collectively accumulating 1 million miles.
The Lightning is drawing interest from customers of competitor brands at a record rate in North America, with more than 75% of reservation holders new to the Ford brand. Production of the 2022 F-150 Lightning pickup will begin this spring at a starting MSRP of $39,9741 before potential federal tax incentives2.
Ford is committed to leading the electric vehicle revolution, investing more than $30 billion in electric vehicles through 2025. Over the next two years, Ford aims to emerge as the clear No. 2 electric vehicle maker in North America and then challenge the No. 1 spot as huge investments in battery and electric vehicle manufacturing come onstream. Within 24 months, Ford will have the global capacity to produce 600,000 battery electric vehicles annually.
In addition to scaling Lightning production, Ford recently announced the tripling of production for the Mustang Mach-E and expects to reach 200,000-plus units per year by 2023. Ford’s all-electric van, the 2022 E-Transit, goes on sale early this year.
Ford is building the largest, most advanced, most efficient auto production facility in its 118-year history in Tennessee, where it will assemble next-generation F-Series electric pickups. Together with SK Innovation, Ford is also building three new BlueOval SK battery plants – one in Tennessee and two in Kentucky – to produce advanced lithium-ion batteries to power next-generation Ford and Lincoln vehicles.
This $11.4 billion investment will create nearly 11,000 new jobs at BlueOval City and BlueOvalSK Battery Park in Tennessee and Kentucky and build on Ford’s position as America’s leading employer of hourly autoworkers.
To learn more about the all-electric 2022 Ford F-150 Lightning truck, click here.
1MSRP for base vehicle. Excludes destination/delivery fee plus government fees and taxes, any finance charges, any dealer processing charge, any electronic filing charge, and any emission testing charge. Optional equipment not included. |
|
2The federal tax credit is a potential future tax savings. The amount of your tax savings will depend on your individual tax circumstances. Please consult with your own tax or legal professional to determine eligibility, specific amount of incentives or rebates available. The federal tax credit amount may be reduced according to credit phase-out rules. Incentives and additional rebates are not within Ford’s control. This information does not constitute tax or legal advice. For additional information, go to https://www.afdc.energy.gov/laws/409. |
About Ford Motor Company
Ford Motor Company (NYSE: F) is a global company based in Dearborn, Michigan, that is committed to helping build a better world, where every person is free to move and pursue their dreams. The company’s Ford+ plan for growth and value creation combines existing strengths, new capabilities and always-on relationships with customers to enrich experiences for and deepen the loyalty of those customers. Ford designs, manufactures, markets and services a full line of connected, increasingly electrified passenger and commercial vehicles: Ford trucks, utility vehicles, vans and cars, and Lincoln luxury vehicles. The company is pursuing leadership positions in electrification, connected vehicle services and mobility solutions, including self-driving technology, and provides financial services through Ford Motor Credit Company. Ford employs about 184,000 people worldwide. More information about the company, its products and Ford Motor Credit Company is available at corporate.ford.com.
For news releases, related materials and high-resolution photos and video, visit www.media.ford.com.
Kelli Felker
313.205.2722
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Emma Bergg
313.418.6590
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VALLEY FORGE, Pa.--(BUSINESS WIRE)--#Acquisition--UGI Corporation (NYSE:UGI) announced today that its subsidiary, UGI Energy Services, LLC (“UGIES”), has entered into a definitive agreement to acquire Stonehenge Appalachia, LLC (“Stonehenge”) from Stonehenge Energy Holdings, LLC for approximately $190 million. This investment is expected to be immediately accretive to adjusted earnings.
The Stonehenge system, located in Butler County Pennsylvania, includes more than 47 miles of pipeline and associated compression assets, and has gathering capacity of 130 million cubic feet per day.
“We are very pleased with this investment and the opportunity to grow our presence in the Appalachian Basin”, said Robert F. Beard, Executive Vice President – Natural Gas, Global Engineering, Construction and Procurement. “When we acquired the assets of Columbia Midstream Group in 2019, we committed to additional investments to build or buy quality systems in the region. The acquisition of Stonehenge, in addition to our recent purchase of an ownership stake in the Pine Run gathering system, demonstrates our commitment to the Appalachian basin, which averaged a record 31.9 billion cubic feet per day of production in the first half of 2021, the highest for a six month period since production began in 2008.”
“Importantly, this transaction has stable cash flows that are underpinned by a long-term contract with minimum volume commitments and significant acreage dedications in some of the most prolific production areas in the Appalachian Basin.
Roger Perreault, President & CEO added, “This investment is consistent with our strategy of delivering reliable earnings growth while continuing to rebalance our business activities with increasing investments in natural gas and renewables. We are pleased to enhance our natural gas gathering capabilities through this investment in well positioned assets in the Appalachian basin.”
The transaction is subject to customary regulatory and other closing conditions, including Federal antitrust clearance pursuant to the U.S. Hart-Scott-Rodino Antitrust Improvements Act. Assuming fulfillment of all conditions, the transaction is expected to close by January 31, 2022.
About UGI Corporation
UGI Corporation is a distributor and marketer of energy products and services. Through subsidiaries, UGI operates natural gas and electric utilities in Pennsylvania and West Virginia, distributes LPG both domestically (through AmeriGas) and internationally (through UGI International), manages midstream energy assets in Pennsylvania, Ohio, and West Virginia and electric generation assets in Pennsylvania, and engages in energy marketing, including renewable natural gas in the eastern region of the United States and California, and internationally in France, Belgium, the Netherlands and the UK.
Comprehensive information about UGI Corporation is available on the Internet at https://www.ugicorp.com.
Investor Relations
610-337-1000
Tameka Morris, ext. 6297
Arnab Mukherjee, ext. 7498
BOSTON--(BUSINESS WIRE)--#CES2022--Schneider Electric, the leader in digital transformation and energy management and automation, and the world's most sustainable corporation 2021 as ranked by Corporate Knights, today at CES 2022 revealed the latest innovations in Smart and Sustainable Homes as part of its commitment to address the growing demand for resilient and sustainable home energy solutions. These newly revealed innovations include the first sockets and switches in the industry made from ocean materials and new enhancements to the award-winning Wiser Energy Center.
The need for a low-carbon future is undeniable and the time to act on a climate change strategy is now. The introduction of new technologies and changing consumption patterns will cause global CO2 emissions levels to decrease 30% by 2050.
According to a recent survey by Schneider Electric, 85% of people believe energy efficiency is the most important aspect of improving their homes, and more than half (53%) believe it’s the responsibility of individuals to reduce carbon emissions. With homes expected to be the single greatest contributor to greenhouse emissions in the next decade, consumers are demanding innovative solutions that give them control over how energy is produced, stored and distributed in the home.
"The last year saw more strain on our homes than any moment in recent history – from wildfires and temperature-driven blackouts, to snow and ice causing grid-wide shutdowns. It's no surprise that individuals are not only willing, but ready, to take the challenges of climate change into their own hands," said YiFu Qi, Executive Vice President, Home and Distribution Division at Schneider Electric. "Consumers realize the value of creating not just a smart, but a smart and sustainable home, and our focus on innovation is empowering consumers to make real change in their homes today."
Delivering Smart, Safe and Resilient Home Energy Power
The latest generation of the Wiser Energy Center, anchored by the Square D™ Energy Center in the U.S., helps meet the global sustainability goals of the future for the home, conveniently providing smart, safe and resilient power. Consumers now have full control over how energy is produced, stored and distributed in their homes. They can also switch from utility to alternative power sources – including battery, solar, or generators – to enhance energy resiliency, optimize energy usage and reduce costs.
Creating Home Energy Solutions from Recycled Ocean Plastics
Debuting at CES 2022, Schneider Electric is the first company to offer recycled ocean plastic solutions that create a truly functioning circular economy. Customers in select markets are now able to contribute to the reduction of ocean pollution by choosing sustainable products – including switches, sockets and frames – without compromising on durability and style.
In the interest of the safety and well-being of our employees, their families, and the community, Schneider Electric will not physically attend CES 2022 in Las Vegas due to the growing concerns of the Omicron variant. To learn more about Smart and Sustainable Home innovations, please visit our virtual CES presence here.
For more information, please visit https://www.se.com/us/en/home/offers/connected-home/.
About Schneider Electric
Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.
Our mission is to be your digital partner for Sustainability and Efficiency.
We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.
We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.
Discover Life Is On Follow us on: Twitter, Facebook, LinkedIn, YouTube, Instagram, Blog
Discover the newest perspectives shaping sustainability, electricity 4.0, and next generation automation on Schneider Electric Insights
Related resources:
Hashtags: #CES2022 #LifeIsOn #HomeoftheFuture #Sustainability
Thomas Eck
Schneider Electric
917-797-4974
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DUBLIN--(BUSINESS WIRE)--The "Global Carbon Capture, Utilization and Storage (CCUS) Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.
This study gives a comprehensive analysis of the global CCUS market till 2030, including forecasts for revenue, carbon capture capacity, regional splits, trends by industry, competitive analysis, and growth opportunity identification.
Carbon Capture, Utilization, and Storage (CCUS) will have a huge role to play in the global trend towards decarbonization of industries in the decades ahead. As energy transition accelerates and impending deadlines for carbon-neutrality approach, the CCUS market will present dynamic growth opportunities across regions and industrial sectors till 2030.
In the short to medium term, CCUS will find wider application in hard-to-abate industries, such as coal-fired power plants, cement manufacturing, iron and steel, fertilizers, and chemical production by retrofitting existing plants. In order to have a larger impact on decarbonization strategies in the longer term, negative emission technologies, such as Bioenergy CCS (BECCS) and Direct Air CCS (DACCS) will begin to be deployed.
CCUS hubs will play a significant role by integrating various industrial clusters within the ecosystem, thereby, reducing the cost and operational risk. At the same time, innovation will focus on cost reduction, technology optimization, modularization, and new business models.
Key Topics Covered:
1. Strategic Imperatives
2. Growth Environment
3. Growth Opportunity Analysis - CCUS
4. Growth Opportunity Analysis - Power Industry
5. Growth Opportunity Analysis - Heavy Industry
6. Growth Opportunity Analysis - Oil and Gas Industry
7. Growth Opportunity Analysis - Bioenergy CCS (BECCS) and DACCS
8. Growth Opportunity Analysis - CCUS Clusters
9. Growth Opportunity Analysis - Hydrogen Production
10. Growth Opportunity Analysis - Waste-to-energy
11. Growth Opportunity Analysis - Utilization
12. Growth Opportunity Analysis - Storage
13. Growth Opportunity Universe - CCUS
14. Next Steps
For more information about this report visit https://www.researchandmarkets.com/r/u1q4vs
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DUBLIN--(BUSINESS WIRE)--The "Liquefied Petroleum Gas Market by Source and Application: Global Opportunity Analysis and Industry Forecast, 2021-2030" report has been added to ResearchAndMarkets.com's offering.
The global liquefied petroleum gas market was valued at $130.1 billion in 2020, and is projected to reach $243.4 billion by 2030, growing at a CAGR of 6.5% from 2021 to 2030.
Liquefied petroleum gas is the by-product of propane and butane that is extracted through refineries of crude oil and natural gas. It is a green fuel, cost-effective, and eco-friendly alternative for the conventional fuels such as gasoline and diesel or kerosene. LPG meets the requirement of quality, efficiency, environment, heat controllability, and other from industrial consumers. LPG is used in various applications, including mobility & transport, domestic, energy & power, agricultural, and food industries.
Rise in demand for petroleum products from developing economies and government initiatives toward the use of green fuel from developing & developed economies significantly contribute toward the growth of the global LPG market. However, concerns related with the storage of LPG due to its inflammable nature and irregular supply of LPG to domestic consumers are expected to hamper the growth of the market, globally. Conversely, the rise in investment toward oil & gas exploration and production activities is expected to create potential growth opportunity for key players operating in this market.
The global liquefied petroleum gas market is segmented on the basis of source, application and region. Depending on source, the market is segregated into refinery, associated gas, and non-associated gas. On the basis of application, it is categorized into residential, commercial, agriculture, industrial, transportation, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Benefits
Market Dynamics
Drivers
Restraints
Opportunity
Key Market Segments
By Source
By Application
By Region
Key Market Players
For more information about this report visit https://www.researchandmarkets.com/r/bel1gp
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Company enters East Texas Haynesville Shale with addition of Shelby County facility
HOUSTON--(BUSINESS WIRE)--#CCS--Milestone Environmental Services, LLC (“Milestone”), one of the largest independent providers of energy waste sequestration services in the U.S., today announced that it has acquired an energy waste disposal facility in Center, Texas, effective December 31, 2021, along with two additional permits for energy waste landfills in Texas.
The acquisition includes the purchase of an active slurry injection facility with two injection wells, located in Shelby County, three miles north of Center, Texas, on Hwy 96. The facility is a cornerstone of the environmental infrastructure in place to manage energy waste generated by E&P operators drilling for natural gas in the Haynesville Shale in Texas and Louisiana. Milestone plans to continue normal business operations for customers and employees of the facility, and also plans several upgrades to the location over time.
The acquisition of the Center facility repositions Milestone in the core of the Haynesville and makes Milestone a leading operator of environmental infrastructure in the basin. Milestone had been an operator in East Texas for several years at its former location near Jasper, Texas.
In addition, the transaction included purchase options on two yet-unconstructed energy waste landfill permits in Texas – one in the Haynesville Shale and one in the Permian Basin. These permits add significantly to Milestone’s portfolio of permitted locations, providing opportunities for the company to further develop its energy waste infrastructure.
“Milestone’s mission is to Clean Up Energy℠. We believe we have an obligation to help our customers make good on their commitments to lower their emissions and produce vital energy for the world in a more sustainable way,” said Gabriel Rio, Milestone president and CEO. “As E&P operators increasingly choose professional management of their energy waste streams, more infrastructure will be needed to handle the demand. We believe the Haynesville will be a growing market given the increased global demand for natural gas as the world transitions its energy usage to lower-carbon sources. Our decision to acquire these assets was a strategic one that supports Milestone’s growth while serving the environmental needs of E&P operators in major U.S. basins.”
Milestone’s Center location is the ninth facility in operation, accepting all RCRA-exempt drilling, completion, and production waste streams. The facility also offers full-service truck and frac tank washouts 24 hours a day, seven days a week.
About Milestone Environmental Services
Milestone is a Net Negative energy waste sequestration company with assets throughout the Permian Basin, Eagle Ford Shale, and Haynesville Shale. We are one of the largest independent energy waste sequestration companies in the United States, and a key business partner to energy companies looking to reduce their carbon footprint through cost-efficient waste management solutions. Our network of slurry injection sites and best-in-class E&P landfills provides a new avenue for management and sequestration of hydrocarbon-rich energy waste streams. We are committed to protecting the environment and our communities by offering a better way to manage waste and play a key role in a forward-looking carbon agenda. Milestone is a partner in the transition to a sustainable energy future. For more information, please visit www.Milestone-ES.com.
Media Contact: Jessica Clements, (832) 739-6722, This email address is being protected from spambots. You need JavaScript enabled to view it.
Vedanta’s High-Speed Billets can improve extrusion speed by at least 25%, or more
NEW DELHI--(BUSINESS WIRE)--#Aluminium--Vedanta Aluminium Business, India’s largest producer of aluminium and value-added products, launches High-Speed Billets for the global extrusion industry. Vedanta is India’s largest manufacturer and exporter of high-quality aluminium billets, which find end-usage in Building & Construction, Solar/Renewable Energy, Automotive, Electrical and many other key industries.
The High-Speed Billets are a part of Vedanta Aluminium’s portfolio of billet offerings, manufactured with the highest engineering precision. Best-in-class global technologies like Wagstaff Hot-Top Air Slip Casting System (USA) and Hertwich Continuous Homogenising Furnace (Austria) have been used to manufacture these billets. Vedanta’s High-Speed Billets can improve extrusion speed by at least 25%, or more, depending on the extrusion environment. With superior metallurgical properties, these billets demonstrate exceptional extrusion speed without compromising on the strength of the extruded profile, improve process recovery as well as die-life.
Launching the product, Mr. Rahul Sharma, CEO – Aluminium Business, Vedanta Ltd., said, “We are committed to offering our customers a powerful competitive edge in their business aspirations. Our holistic solutions are market-responsive and tailored to support customers at various stages of their current and evolving business journey. With our deep R&D capabilities and global expertise, we are keen to co-create leading-edge innovations with our customers. High-Speed Billets are our latest offering in a long line of expertly customized product solutions for various industry segments.”
Talking about a slew of initiatives as part of Vedanta’s Customer Technical Services cell, Mr. Jonathan Pangborn, global billet-extrusion expert and technical advisor for Vedanta Aluminium added, “Vedanta Aluminium has a robust and quality-focused manufacturing. Working with the Customer Technical Service team, I look forward to collaborating with customers and providing the best technical solutions to them, as part of Vedanta’s value-added service offering.” Vedanta Aluminium’s Customer Technical Service cell anchors customers’ quality and technical requirements from existing and new products.
Vedanta Aluminium Business, a division of Vedanta Limited, produces nearly half of India’s aluminium i.e., 1.97 million tonnes per annum (MTPA) in FY21. It is a leader in value-added aluminium products that find critical applications in core industries. With its world-class assets in India, the company is spurring emerging applications of aluminium as the ‘Metal of the Future’ for a greener tomorrow.
For more information,
Log on to: https://vedantaaluminium.com/
Sonal Choithani
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DUBLIN--(BUSINESS WIRE)--The "Global Airborne ISR Market 2021-2025" report has been added to ResearchAndMarkets.com's offering.
The publisher has been monitoring the airborne ISR market and it is poised to grow by $6.83 billion during 2021-2025, decelerating at a CAGR of 5.83% during the forecast period. The report on the airborne ISR market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increased demand for UAVs in military applications and the increased focus on maritime security.
The airborne ISR market analysis includes the platform segment and geographic landscape. This study identifies the development of indigenous airborne IRS systems as one of the prime reasons driving the airborne ISR market growth during the next few years.
Companies Mentioned
The report on airborne ISR market covers the following areas:
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Key Topics Covered:
1. Executive Summary
2. Market Landscape
3. Market Sizing
4. Five Forces Analysis
5. Market Segmentation by Platform
6. Customer Landscape
7. Geographic Landscape
8. Vendor Landscape
9. Vendor Analysis
10. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/9zmfiy.
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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