Record revenue of $1.9 billion, up 15%

Record EPS of $9.14, up 14%

Increase in Share Repurchase Authorization

DALLAS--(BUSINESS WIRE)--Eagle Materials Inc. (NYSE: EXP) today reported financial results for fiscal year 2022 and the fiscal fourth quarter ended March 31, 2022. Notable items for the fiscal year and quarter are highlighted below. (Unless otherwise noted, all comparisons are with the prior fiscal year or prior year’s fiscal fourth quarter, as applicable.)

Full Year Fiscal 2022 Highlights

• Record Revenue of $1.9 billion, up 15%
• Net Earnings of $374.2 million, up 10%
• Net Earnings from Continuing Operations of $374.2 million, up 12%
• Diluted earnings per share from continuing operations of $9.14, up 14%
• Adjusted EBITDA from Continuing Operations of $657.4 million, up 15%
  • Adjusted EBITDA from Continuing Operations is a non-GAAP financial measure calculated by excluding non-routine items and certain non-cash expenses in the manner described in Attachment 6

Fourth Quarter Fiscal 2022 Highlights

• Record Revenue of $413.1 million, up 20%
• Net Earnings of $74.3 million, up 13%
• Diluted earnings per share from continuing operations of $1.90, up 22%
• Adjusted EBITDA from Continuing Operations of $132.2 million, up 7%
  • Adjusted EBITDA from Continuing Operations is a non-GAAP financial measure calculated by excluding non-routine items and certain non-cash expenses in the manner described in Attachment 6

Commenting on the annual results, Michael Haack, President and CEO, said, “As we look back on another extraordinary year, I am extremely proud of our team’s ability to deliver record operating and financial results despite multiple external challenges, including transportation disruptions, supply chain constraints and, of course, continuing to navigate the COVID-19 pandemic. During the fiscal year, we expanded gross margins by 270 bps to 27.9%, reported record earnings per share of $9.14, generated operating cash flow of $517 million and repurchased nearly 4 million shares of our common stock for $590 million. Early in the year, we completed the refinancing of our capital structure, which included using cash on-hand and proceeds from a new $750 million 10-year bond with an interest rate of 2.50%, to repay existing loans. This refinancing resulted in a low-cost, long-dated capital structure with significant liquidity. At the end of the fiscal year, debt was $950 million, and our net leverage ratio (net debt to Adjusted EBITDA from Continuing Operations) was 1.4x, giving us substantial financial flexibility.”

“As we begin our new fiscal year, Eagle is well-positioned, both financially and geographically, to capitalize on the underlying demand fundamentals that are expected to support steady and sustainable construction activity growth over the near- and long-term. We expect that infrastructure investment should increase in the latter part of our fiscal year, as federal funding from the recently enacted Infrastructure Investment and Jobs Act begins in earnest. And, despite recent interest rate increases, housing demand remains strong across our geographies, outpacing the supply of homes. Nonresidential construction activity is also picking up.”

Mr. Haack concluded, “Employee health, safety and environmental stewardship remain core objectives, and we demonstrated meaningful progress in all areas over the year. Our safety performance outpaced the industry average, and we took significant steps to reduce our carbon footprint this year and over the next several years with the introduction of our new Portland Limestone Cement product. This product has lower carbon intensity than standard cement with similar performance attributes. A tremendous amount of effort went into this project, and we are beginning to realize the benefits.”

Capital Allocation Priorities

Eagle remains dedicated to a disciplined capital allocation process to enhance shareholder value. Consistent with our track record, our allocation priorities remain unchanged, as follows: 1. investing in growth opportunities that meet our strict financial return standards and are consistent with our strategic focus; 2. operating capital investments to maintain and strengthen our low-cost producer positions; and 3. returning excess cash to shareholders, primarily through our share repurchase program.

In the past three fiscal years, we have invested nearly $700 million in acquisitions, $260 million in organic capital expenditures and $956 million in share repurchases and dividends.

Increase in Authorization to Repurchase Common Stock

Eagle’s Board of Directors has authorized the repurchase of an additional 7.5 million shares of its common stock. This increase is in addition to the remaining authorized shares under the existing share repurchase authorization. The total new authorization plus remaining authorization is approximately 10.3 million shares and represents nearly 25% of Company shares outstanding. Share repurchases may be made from time to time in the open market or in privately negotiated transactions, which may include executing any or all of self-tender offers, entering into accelerated share repurchase programs with financial institutions, and making open market purchases and block trades, including plans intended to comply with the safe-harbor provided by Rule 10b5-1. Funding for such share repurchases will come from internally generated cash flow or from existing or new credit facilities.

Financial Results

Heavy Materials: Cement, Concrete and Aggregates

Fiscal 2022 revenue in the Heavy Materials sector, which includes Cement, Concrete and Aggregates, as well as Joint Venture and intersegment Cement revenue, was $1.2 billion, a 6% increase. Heavy Materials annual operating earnings increased 10% to $278.0 million primarily because of higher Cement net sales prices.

Fiscal 2022 Cement revenue, including Joint Venture and intersegment revenue, was up 7% to $1.0 billion, and Cement operating earnings increased 11% to $259.6 million. The annual revenue and earnings increases reflect higher net sales prices.

The average annual net Cement sales price for the year increased 7% to $119.13 per ton. Cement sales volume for the year was a record 7.5 million tons, up 1%.

Fourth quarter Cement revenue, including Joint Venture and intersegment revenue, was up 10% to $187.4 million. Operating earnings increased 23% to $28.4 million reflecting higher net sales prices, as well as lower operating costs. Prior-year operating expenses included a $6 million increase in energy costs primarily associated with the impact from Winter Storm Uri. The average net Cement sales price for the quarter increased 12% to $126.71 per ton. Cement sales volume for the quarter was down 2% to 1.3 million tons.

Fiscal 2022 revenue from Concrete and Aggregates increased 5% to $177.1 million driven by higher sales prices and increased Concrete volume. Concrete and Aggregates reported fiscal 2022 operating earnings of $18.5 million, down 3%, reflecting higher operating costs primarily related to diesel fuel.

Fourth quarter Concrete and Aggregates revenue was $37.2 million, an increase of 7%, due to higher pricing and improved Concrete sales volume. Fourth quarter operating earnings were $1.5 million, a 56% decrease, reflecting lower Aggregates sales volume and increased operating costs, primarily related to diesel fuel.

Light Materials: Gypsum Wallboard and Paperboard

Fiscal 2022 revenue in the Light Materials sector, which includes Gypsum Wallboard and Paperboard, increased 27% to $804.1 million, reflecting improved Wallboard sales volume and pricing. Gypsum Wallboard annual sales volume was a record 2.9 billion square feet (BSF), up 3%, and the average Gypsum Wallboard net sales price increased 27% to $190.76 per MSF. Paperboard annual sales volume was also a record at 334,000 tons, up 3%.

Fiscal 2022 Gypsum Wallboard and Paperboard operating earnings were $274.1 million, an increase of 42%, driven by improved sales volume and pricing, the effects of which were partially offset by increased operating costs primarily related to recycled fiber and energy.

Fourth quarter Gypsum Wallboard and Paperboard revenue increased 32% to $220.0 million, reflecting improved Wallboard sales volume and pricing. Gypsum Wallboard sales volume increased 6% to 750 million square feet (MMSF), while the average Gypsum Wallboard net sales price increased 27% to $204.20 per MSF.

Paperboard sales volume for the quarter was the same as the prior year at 82,000 tons. The average Paperboard net sales price for the fourth quarter was $628.96 per ton, up 31%, consistent with the pricing provisions in our long-term sales agreements.

Fourth quarter operating earnings in the sector were $77.0 million, an increase of 47%, reflecting improved Wallboard sales volume and pricing as well as higher Paperboard pricing.

Details of Financial Results

We conduct one of our cement plant operations through a 50/50 joint venture, Texas Lehigh Cement Company LP (the Joint Venture). We use the equity method of accounting for our 50% interest in the Joint Venture. For segment reporting purposes only, we proportionately consolidate our 50% share of the Joint Venture’s revenue and operating earnings, which is consistent with the way management organizes the segments within Eagle for making operating decisions and assessing performance.

In addition, for segment reporting purposes, we report intersegment revenue as a part of a segment’s total revenue. Intersegment sales are eliminated on the Consolidated Statement of Earnings. Refer to Attachment 3 for a reconciliation of these amounts.

On September 18, 2020, the Company sold its Oil and Gas Proppants business to Smart Sand, Inc. The prior-year financial results of the Oil and Gas Proppants segment have been classified as Discontinued Operations on the Consolidated Statement of Earnings. The assets and liabilities of the Oil and Gas Proppants segment have been reflected on separate lines for Discontinued Operations on the Balance Sheet.

About Eagle Materials Inc.

Eagle Materials Inc. manufactures and distributes Portland Cement, Gypsum Wallboard, Recycled Gypsum Paperboard, and Concrete and Aggregates from more than 70 facilities across the US. Eagle’s corporate headquarters is in Dallas, Texas.

Eagle’s senior management will conduct a conference call to discuss the financial results, forward looking information and other matters at 8:30 a.m. Eastern Time (7:30 a.m. Central Time) on Thursday, May 19, 2022. The conference call will be webcast on the Eagle website, eaglematerials.com. A replay of the webcast and the presentation will be archived on the site for one year.

Forward-Looking Statements. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the context of the statement and generally arise when the Company is discussing its beliefs, estimates or expectations. These statements are not historical facts or guarantees of future performance but instead represent only the Company’s belief at the time the statements were made regarding future events which are subject to certain risks, uncertainties and other factors, many of which are outside the Company’s control. Actual results and outcomes may differ materially from what is expressed or forecast in such forward-looking statements. The principal risks and uncertainties that may affect the Company’s actual performance include the following: the cyclical and seasonal nature of the Company’s businesses; public infrastructure expenditures; adverse weather conditions; the fact that our products are commodities and that prices for our products are subject to material fluctuation due to market conditions and other factors beyond our control; availability of raw materials; changes in the costs of energy, including, without limitation, natural gas, coal and oil, and the nature of our obligations to counterparties under energy supply contracts, such as those related to market conditions (such as fluctuations in spot market prices), governmental orders and other matters; changes in the cost and availability of transportation; unexpected operational difficulties, including unexpected maintenance costs, equipment downtime and interruption of production; material nonpayment or non-performance by any of our key customers; inability to timely execute announced capacity expansions; difficulties and delays in the development of new business lines; governmental regulation and changes in governmental and public policy (including, without limitation, climate change and other environmental regulation); possible outcomes of pending or future litigation or arbitration proceedings; changes in economic conditions or the nature or level of activity in any one or more of the markets or industries in which the Company or its customers are engaged; severe weather conditions (such as winter storms, tornados and hurricanes) and their effects on our facilities, operations and contractual arrangements with third parties; competition; cyber-attacks or data security breaches; announced increases in capacity in the gypsum wallboard and cement industries; changes in the demand for residential housing construction or commercial construction or construction projects undertaken by state or local governments; the availability of acquisitions or other growth opportunities that meet our financial return standards and fit our strategic focus; risks related to pursuit of acquisitions, joint ventures and other transactions or the execution or implementation of such transactions, including the integration of operations acquired by the Company; general economic conditions; and interest rates. For example, increases in interest rates, decreases in demand for construction materials or increases in the cost of energy (including, without limitation, natural gas, coal and oil) and the cost of our raw materials could affect the revenue and operating earnings of our operations. In addition, changes in national or regional economic conditions and levels of infrastructure and construction spending could also adversely affect the Company’s result of operations. Finally, any forward-looking statements made by the Company are subject to the risks and impacts associated with natural disasters, pandemics or other unforeseen events, including, without limitation, the COVID-19 pandemic and responses thereto designed to contain its spread and mitigate its public health effects, as well as their impact on economic conditions, capital and financial markets. Any resurgence of the COVID-19 pandemic and responses thereto may disrupt our business operations or have an adverse effect on demand for our products. These and other factors are described in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2021 and subsequent quarterly and annual reports upon filing. These reports are filed with the Securities and Exchange Commission. All forward-looking statements made herein are made as of the date hereof, and the risk that actual results will differ materially from expectations expressed herein will increase with the passage of time. The Company undertakes no duty to update any forward-looking statement to reflect future events or changes in the Company’s expectations.

Contact at 214-432-2000
Michael R. Haack
President and Chief Executive Officer

D. Craig Kesler
Executive Vice President and Chief Financial Officer

Robert S. Stewart
Executive Vice President, Strategy, Corporate Development and Communications

Initial round exceeds $1.1 million from 900+ investors as demand spikes for mobile energy storage

SEATTLE--(BUSINESS WIRE)--Following a successful crowdfunding campaign that raised $1,127,379 and attracted 920 investors, Joule Case is launching a new $4M round on Wefunder to raise a total of $5M. This round will enable Joule Case to expand into new markets where clean, safe, and cost-efficient renewable power is a strategic priority and an ideal match with the company’s portable, emission-free energy storage expertise and product line.

"We appreciate everyone who has believed in us to date and hope you share our excitement about the opportunities ahead and the impressive sales growth we’re experiencing this year," said James Wagoner, CEO, Joule Case. “There is tremendous momentum as we further solidify our footprint in events and the food truck space and engage new and dynamic markets where flexibility, scalability and emission-free energy sources will be in demand for years to come.”

One new market being pursued by Joule Case includes mobile brand activations, a natural extension of the live event space. As brands seek to engage their audiences where they are, Joule Case’s experience with powering large parts of Camp EDC for Insomniac and food trucks, multiple stages and several other power applications at Treefort MusicFest reinforces its capabilities as a trusted partner.

The company’s latest patent creates a fully functional energy supply which can be mobilized to meet growing energy needs such as Level 3 EV chargers at fuel stations, range extenders for mobile fleets and remote power demands for grid-independent energy needs. It also creates a path for distributed energy storage for grid backup and other purposes, where location-specific demands can be better served.

“Collectively we are all seeing how critical power is to everyday life and how tenuous this resource is with an aging grid that is woefully outdated in both model and capacity, challenged by a disparate mix of energy sources and increasingly threatened by natural disasters,” continued Wagoner. “Power is no longer a nice to have, it’s a need to have and location is a huge part of that need. Providing power when and where you need it is more important than ever, and we know how to deliver on that promise.”

About Joule Case Inc.

Joule Case provides power where you need it when you need it, with flexible, patented battery systems that easily scale for a variety of power applications. The company was started in a Boise, Idaho garage by James Wagoner and Alex Livingston, fueled by their shared passion to enable clean and renewable energy to reach more people. They have spent years developing the unique stackable, portable, scalable, easy-to-use battery system now powering live events, food trucks and several other applications across the United States. The flexibility and adaptability of Joule Case systems can be combined together to make larger battery systems with minimal engineering and installation time.

Chad Biggs
Red Sky
This email address is being protected from spambots. You need JavaScript enabled to view it.
208.996.0710

The initiative, a first-of-its kind for the State of New Mexico and its largest renewable energy project to date, enables carbon footprint and energy use reductions for more than 30 sites

SWORDS, Ireland--(BUSINESS WIRE)--Trane® – by Trane Technologies (NYSE:TT), a global climate innovator, and the State of New Mexico today announced the completion of the state’s first-of-its-kind State Buildings Green Energy Project (SBGEP), a decarbonization-focused initiative, and the State of New Mexico’s largest state-owned renewable energy project to date, targeting more than 30 aging buildings in Santa Fe. While helping the state to reach its 2050 net-zero carbon emissions goal, annually the project will save local taxpayers $1.1 million dollars, eliminate 7,400 metric tons of carbon emissions and conserve 5.1 million gallons of water.

The 32 public buildings – all over 50 years old – in New Mexico’s historic capital, Santa Fe, have received a sustainability makeover, partially funded with future energy savings through a Trane Energy Savings Performance Contract and utility rebates. In addition to modernized, high-efficiency HVAC systems and rooftop solar panels, nearly all buildings are now outfitted with LED lighting, water conservation measures and advanced controls to monitor and maximize energy efficiency.

“New Mexicans see common ground on saving energy and costs in state government,” said Sarah Cottrell Propst, Cabinet Secretary of the New Mexico Energy, Minerals and Natural Resources Department. “We want to be wise stewards of taxpayers’ dollars. A project like this, that saves money while saving energy, is just a win-win.”

By generating, supplying, and storing some of the buildings’ own renewable energy, the SBGEP allows the state to reduce reliance on utility companies and the energy grid, which can be subject to outages or disruptions. With sustainability improvements for some of Santa Fe’s most important public buildings, including the Departments of Health, Public Education and Children, Youth & Families, the community is now benefitting from more comfortable, efficient and economical public spaces; the project has already saved taxpayers $984,000 while significantly reducing emissions and water use.

“We’re extremely proud of our work with New Mexico,” said Donny Simmons, president, Commercial HVAC Americas, Trane Technologies. “This program provides their beautiful and historic capital city with high performing buildings, while giving citizens access to efficient, healthier public spaces. If more cities and states follow New Mexico’s example, they could update their infrastructure and pay for it through future energy savings, while reducing their carbon footprint.”

The SBGEP supports New Mexico’s sustainability goals, progressing the state’s climate action plans. The project also supports the state’s Energy Transaction Act which sets a statewide renewable energy standard of 50 percent by 2030 for New Mexico investor-owned utilities and rural electric cooperatives, and a goal of 80 percent by 2040. Additionally, the state has committed to reducing statewide greenhouse gas emissions by 45 percent below 2005 levels by 2030, and has pledged to protect scarce water resources through several programs including recent Bipartisan Infrastructure Law funded projects.

Trane has worked with the State of New Mexico for over 30 years, leveraging the company’s expertise in areas including sustainable climate solutions and indoor environmental quality. The SBGEP also aligns with Trane Technologies’ 2030 Sustainability Commitments, including its Gigaton Challenge which aims to reduce one gigaton – or, a billion metric tons – of customers’ carbon emissions by 2030.

For additional soundbites from Secretary Cottrell Propst, plus other downloadable multi-media assets and more information on the SBGEP, visit trane.com.

About Trane Technologies

Trane Technologies is a global climate innovator. Through our strategic brands Trane® and Thermo King®, and our portfolio of environmentally responsible products and services, we bring efficient and sustainable climate solutions to buildings, homes and transportation. For more on Trane Technologies, visit tranetechnologies.com.

About Trane

Trane – by Trane Technologies (NYSE: TT), a global climate innovator – creates comfortable, energy-efficient indoor environments for commercial and residential applications. For more information, please visit www.trane.com.

Media Contact:
Jennifer Regina
+1-704-712-5721
This email address is being protected from spambots. You need JavaScript enabled to view it.

Investors Contact:
Zachary Nagle
+1-704-990-3913
This email address is being protected from spambots. You need JavaScript enabled to view it.

PITTSBURGH--(BUSINESS WIRE)--Alcoa Corporation (NYSE: AA) today announced the signing of a contract for renewable energy to support the planned restart in 2024 of aluminum smelting at the San Ciprián smelter in Spain.

The long-term power purchase agreement is with Greenalia, an independent renewable energy developer and producer. Subject to windfarm permitting processes, the agreement would commence in 2024 and extend to the end of 2033.

Due to exorbitant energy prices, Alcoa announced in December of 2021 a two-year curtailment of aluminum smelting at the site. During the curtailment, Alcoa is working to secure power purchase agreements and make improvements to prepare the smelter for the planned restart to begin in January of 2024.

“This power contract is a very important step for the long-term viability of San Ciprián,” said Álvaro Dorado Baselga, Vice President Global Energy in Alcoa and President of Alcoa in Spain. “We are working to fulfill our commitments to the workers’ representatives, and the support of government in the development of the necessary energy framework remains vital.”

The agreement is expected to provide up to 183 megawatts of the smelter’s baseload power consumption, representing approximately 45 percent of the energy required to meet the smelter’s maximum capacity of 228,000 metric tons per year. The contract’s pricing terms are confidential. Alcoa is continuing to pursue options for the remaining 55 percent of the smelter’s electricity requirements.

While the smelter is curtailed, the casthouse and the San Ciprián alumina refinery continue to operate.

About Alcoa Corporation

Alcoa (NYSE: AA) is a global industry leader in bauxite, alumina and aluminum products with a vision to reinvent the aluminum industry for a sustainable future. With a values-based approach that encompasses integrity, operating excellence, care for people and courageous leadership, our purpose is to Turn Raw Potential into Real Progress. Since developing the process that made aluminum an affordable and vital part of modern life, our talented Alcoans have developed breakthrough innovations and best practices that have led to greater efficiency, safety, sustainability and stronger communities wherever we operate.

Dissemination of Company Information

Alcoa intends to make future announcements regarding company developments and financial performance through its website, www.alcoa.com, as well as through press releases, filings with the Securities and Exchange Commission, conference calls and webcasts.

Forward-Looking Statements

This press release contains statements that relate to future events and expectations, and as such constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include those containing such words as “aim,” “ambition,” “anticipates,” “believes,” “could,” “develop,” “endeavors,” “estimates,” “expects,” “forecasts,” “goal,” “intends,” “may,” “outlook,” “plans,” “potential,” “projects,” “reach,” “seeks,” “sees,” “should,” “targets,” “will,” “working,” “would,” or other words of similar meaning. All statements by Alcoa Corporation that reflect expectations, assumptions or projections about the future, other than statements of historical fact, are forward-looking statements. Forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and changes in circumstances that are difficult to predict. Although Alcoa Corporation believes that the expectations reflected in any forward-looking statements are based on reasonable assumptions, it can give no assurance that these expectations will be attained, and it is possible that actual results may differ materially from those indicated by these forward-looking statements due to a variety of risks and uncertainties. Additional information concerning factors that could cause actual results to differ materially from those projected in the forward-looking statements is contained in Alcoa Corporation’s filings with the Securities and Exchange Commission. Alcoa Corporation disclaims any obligation to update publicly any forward-looking statements, whether in response to new information, future events or otherwise, except as required by applicable law.

Investor Contact:
James Dwyer
412-992-5450
This email address is being protected from spambots. You need JavaScript enabled to view it.

Media Contact:
Jim Beck
412-315-2909
This email address is being protected from spambots. You need JavaScript enabled to view it.

• NMG’s 2021 ESG Report provides a transparent and comparative overview of the Company’s performance on material topics such as climate action, governance, community participation, energy and water management, among others.
• The Company demonstrates progress on its sustainability initiatives and builds on Moody’s recommendations following the A2 – Robust Sustainability Rating received.
• NMG’s Annual General and Special Meeting of Shareholders to be held on June 16, 2022; link provided below and via the Company’s Notice of Meeting and Management Information Circular.
• Dedicated to powering a cleaner future, NMG is working towards establishing a local, responsible, carbon-neutral and reliable source of advanced graphite materials to support global decarbonization.

MONTRÉAL--(BUSINESS WIRE)--$NMG #ESG--Nouveau Monde Graphite Inc. (“NMG”, “Nouveau Monde” or the “Company”) (NYSE: NMG, TSXV: NOU) presents shareholders and stakeholders with its 2021 ESG Report documenting its impact, contribution and managerial approach in relation to key environmental, social and governance (“ESG”) topics ahead of its Annual General and Special Meeting of Shareholders.

Dedicated to powering a cleaner future, NMG continually seeks to elevate the environmental and ethical DNA of its processes, products, and practices. The Company has strengthened its sustainability practices and disclosure on the back of the positive feedback received by Moody’s ESG Solutions earlier this year.

Arne H Frandsen, Chair of NMG, commented: “Against a backdrop of major global disruptions and challenges, we made considerable headway in 2021 towards our vision of driving the transition to a green future through sustainable zero-carbon solutions. We are striving to drive the emergence of a new advanced materials sector powered by clean energies, developed in partnership with communities and aiming at circularity. ”

Following its extensive assessment, Moody’s provided a Sustainability Rating of A2 (‘Robust’), the second-highest grade on its rating scale, to NMG. In its opinion, Moody’s highlighted the integration of ESG factors in the Company’s strategy, operations, and risk management, a rising demand from investors, asset managers, securities regulators and civil society. It should be noted that NMG’s ESG reporting rate is almost 20% above its sector average, demonstrating an adequate identification of material issues and due consideration for transparency.

In addition to its unwavering Zero-Harm Philosophy, NMG advanced its 2021-2023 Sustainability Action Plan, issued its Climate Action Plan 2022-2030 that maps its transition from carbon neutrality to Net Zero and reinforced its policies, structures and programs to align the Company with the best-in-class ESG practices. Through its 2021 ESG Report, NMG has also set targets to improve its ownership and stewardship of material issues such as diversity and inclusion, environmental management, Indigenous partnership, biodiversity and responsibility towards its supply chain.

Eric Desaulniers, Founder, President, and CEO of NMG, added: “With our sight on the next phase of our development, we have set targets to continuously enhance our performance and leadership. There are exciting milestones ahead for NMG with the upcoming commissioning of our Phase-1 coating unit, completing our integrated 2,000 tpa anode material production line, and the release of our updated feasibility study for our ore-to-battery-material Phase-2 operations. I am confident in the team we have assembled to lead this next phase of our growth, with an uncompromising focus on safety, discipline, and efficiency to meet the market’s demand for responsibly-extracted, environmentally-transformed, and fully traceable battery materials.”

NMG’s disclosure is aligned with the United Nations’ Sustainable Development Goals (SDGs), the Global Reporting Initiative (“GRI”), the SASB Standards for the Metals & Mining sector, and the UN Global Compact. The Company acknowledges the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD) and intends to gradually implement that framework into its reporting, along with the to-be-published GRI Sector Standard for Mining and the Mining Association of Canada’s Towards Sustainable Mining initiative. NMG also monitors the work of the International Sustainability Standards Board, the Canadian Securities Administrators and the Securities Exchange Commission on upcoming climate-related disclosure requirements.

Annual General and Special Meeting of Shareholders

NMG will hold its Annual General and Special Meeting of Shareholders on Thursday, June 16, 2022, at 11 a.m. (Eastern Time) via live webcast online at https://web.lumiagm.com/447507053. Shareholders can also attend the session in person at 600 Forex Road, Saint-Michel-des-Saints, Québec, J0K 3B0; confirmation of attendance is required at This email address is being protected from spambots. You need JavaScript enabled to view it..

Items on the agenda include (a) the presentation of the Company’s consolidated audited financial statements for the fiscal years ended December 31, 2021 and 2020 and the independent auditor’s report thereon; (b) the election of directors named in the management information circular; (c) the appointment of the external auditor; and (d) the ratification of the Company’s stock option plan.

The meeting will be complemented with a corporate presentation by President and CEO Eric Desaulniers providing an update on the Company’s key projects, commercial engagement and growth plan.

Shareholders entitled to vote at the meeting will be those who are shareholders as at the close of business on the record date, being May 2, 2022. Electronic copies of the notice of meeting, the management information circular, the proxy form, the voting instruction form and the financial statements may be found on the Company’s SEDAR and EDGAR profile, NMG’s website and at www.meetingdocuments.com/TSXT/NOU. The Company’s financial reports, 2021 Annual Report and 2021 ESG Report are also posted online via SEDAR and EDGAR for ease of consultation.

About Nouveau Monde Graphite

NMG is striving to become a key contributor to the sustainable energy revolution. The Company is working towards developing a fully integrated source of carbon-neutral battery anode material in Québec, Canada for the growing lithium-ion and fuel cell markets. With low-cost operations and enviable ESG standards, NMG aspires to become a strategic supplier to the world’s leading battery and automobile manufacturers, providing high-performing and reliable advanced materials while promoting sustainability and supply chain traceability. www.NMG.com

Subscribe to our news feed: https://NMG.com/investors/#news

Cautionary Note Regarding Forward-Looking Information

All statements, other than statements of historical fact, contained in this press release including, but not limited to those describing the Company’s intended production of carbon-neutral advanced graphite materials, the Company’s ESG goals, aspirations and commitments, including the Company’s aim at circularity and its intended transition from carbon neutrality to Net Zero, the Company’s initiatives outlined in the ESG Report and the achievement of the targets described therein, the deployment of the Sustainability Action Plan and the Climate Action Plan, the Company’s commitment to our Zero-Harm philosophy, the Company’s development plans, the timeline and progress of the initiatives described in this press release, , the intended results of the initiatives described in this press release, and those statements which are discussed under the “About Nouveau Monde Graphite” paragraph and elsewhere in the press release which essentially describe the Company’s outlook and objectives, constitute “forward-looking information” or “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of Canadian and United States securities laws, and are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect. Moreover, these forward-looking statements were based upon various underlying factors and assumptions, including the current technological trends, the business relationship between the Company and its stakeholders, the ability to operate in a safe and effective manner, the timely delivery and installation of the equipment supporting the production, the Company’s business prospects and opportunities and estimates of the operational performance of the equipment, and are not guarantees of future performance.

Forward-looking statements are subject to known or unknown risks and uncertainties that may cause actual results to differ materially from those anticipated or implied in the forward-looking statements. Risk factors that could cause actual results or events to differ materially from current expectations include, among others, delays in the scheduled delivery times of the equipment, the ability of the Company to successfully implement its strategic initiatives and whether such strategic initiatives will yield the expected benefits, the availability of financing or financing on favorable terms for the Company, the dependence on commodity prices, the impact of inflation on costs, the risks of obtaining the necessary permits, the operating performance of the Company’s assets and businesses, competitive factors in the graphite mining and production industry, changes in laws and regulations affecting the Company’s businesses, political and social acceptability risk, environmental regulation risk, currency and exchange rate risk, technological developments, the impacts of the global COVID-19 pandemic and the governments’ responses thereto, and general economic conditions, as well as earnings, capital expenditure, cash flow and capital structure risks and general business risks. A further description of risks and uncertainties can be found in NMG’s Annual Information Form dated March 22, 2022, including in the section thereof captioned “Risk Factors”, which is available on SEDAR at www.sedar.com and on EDGAR at www.sec.gov. Unpredictable or unknown factors not discussed in this Cautionary Note could also have material adverse effects on forward-looking statements.

Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are provided for the purpose of providing information about management’s expectations and plans relating to the future. The Company disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.

The market and industry data contained in this press release is based upon information from independent industry publications, market research, analyst reports and surveys and other publicly available sources. Although the Corporation believes these sources to be generally reliable, market and industry data is subject to interpretation and cannot be verified with complete certainty due to limits on the availability and reliability of raw data, the voluntary nature of the data-gathering process and other limitations and uncertainties inherent in any survey. The Corporation has not independently verified any of the data from third-party sources referred to in this press release and accordingly, the accuracy and completeness of such data is not guaranteed.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Further information regarding the Company is available in the SEDAR database (www.sedar.com), and for United States readers on EDGAR (www.sec.gov), and on the Company’s website at: www.NMG.com

MEDIA

Julie Paquet
VP Communications & ESG Strategy
+1-450-757-8905 #140
This email address is being protected from spambots. You need JavaScript enabled to view it.

INVESTORS

Marc Jasmin
Director, Investor Relations
+1-450-757-8905 #993
This email address is being protected from spambots. You need JavaScript enabled to view it.

SANTA ANA, Calif.--(BUSINESS WIRE)--$ITI #IoT--Iteris, Inc. (NASDAQ: ITI), the world’s trusted technology ecosystem for smart mobility infrastructure management, today announced that it will conduct a conference call on Wednesday, June 1 at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss its financial results for the fiscal fourth quarter and full year ended March 31, 2022. The financial results will be issued in a press release prior to the call.

Iteris president and CEO Joe Bergera and CFO Douglas Groves will host the call, followed by a question and answer period.

Date: Wednesday, June 1, 2022
Time: 4:30 p.m. Eastern time (1:30 p.m. Pacific time)
Toll-free dial-in number: +1 877-317-6789
International dial-in number: +1 412-317-6789

If joining by phone, please call the conference telephone number 5-10 minutes prior to the start time and ask to join the Iteris earnings call. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact MKR Investor Relations at 1-213-277-5550.

To listen to the live webcast or view the press release, please visit the investor relations section of the Iteris website at www.iteris.com.

During the question and answer period, management will take questions live from covering sell-side analysts, as well as answer select questions submitted to the company in advance of the call. If you would like to submit a question in advance, please do so before 5 p.m. Eastern time (2 p.m. Pacific time) on May 31, 2022 by emailing Iteris investor relations at This email address is being protected from spambots. You need JavaScript enabled to view it..

A telephone replay of the conference call will be available approximately two hours following the end of the call and will remain available for one week. To access the replay dial +1-877-344-7529 (US Toll Free), +1 855-669-9658 (Canada Toll Free), or +1 412-317-0088 (International) and enter replay passcode 9295290.

About Iteris, Inc.

Iteris is the world’s trusted technology ecosystem for smart mobility infrastructure management. Delivered through Iteris’ ClearMobility Platform, our cloud-enabled end-to-end solutions monitor, visualize and optimize mobility infrastructure around the world, and help bridge legacy technology silos to unlock the future of transportation. That’s why more than 10,000 public agencies and private-sector enterprises focused on mobility rely on Iteris every day. Visit www.iteris.com for more information, and join the conversation on Twitter, LinkedIn and Facebook.

Iteris Contact
Douglas Groves
Senior Vice President and Chief Financial Officer
Tel: (949) 270-9643
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

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.

VERNAL, Utah--(BUSINESS WIRE)--Superior Drilling Products, Inc. (NYSE American: SDPI) (“SDP” or the “Company”), a designer and manufacturer of drilling tool technologies, announced today that it has received notification from the NYSE American LLC (“NYSE American”) that the Company has regained compliance with the continued listing standard of Sections 1003(a)(ii) and (iii) of the NYSE American Company Guide (“the “Company Guide”). At March 31, 2022, SDP had shareholders’ equity of $6.5 million, surpassing the $6.0 million requirement to meet the listing standard.

Troy Meier, Chairman and CEO commented, “We made excellent progress this past year as evidenced by our strong growth and, importantly, the significant operating leverage inherent in our business that delivered earnings and improving book value. These are exciting times for Superior Drilling. The demand for our capabilities in the manufacture and refurbishment of drilling tools continues to expand as our productivity and quality provides greater benefits to our customers and replaces their need to add capacity. Importantly as well, our branded drilling tools are garnering greater attention in the marketplace as we capture greater share on drilling rigs.”

As of May 19, 2022, the below compliance (“.BC”) indicator will no longer be disseminated and the Company was removed from the list of NYSE American noncompliant issuers on the NYSE American’s website.

About Superior Drilling Products, Inc.
Superior Drilling Products, Inc. is an innovative, cutting-edge drilling tool technology company providing cost saving solutions that drive production efficiencies for the oil and natural gas drilling industry. The Company designs, manufactures, repairs and sells drilling tools. SDP drilling solutions include the patented Drill-N-Ream® wellbore conditioning tool and the patented Strider™ oscillation system technology. In addition, SDP is a manufacturer and refurbisher of PDC (polycrystalline diamond compact) drill bits for a leading oil field service company. SDP operates a state-of-the-art drill tool fabrication facility, where it manufactures its solutions for the drilling industry, as well as customers’ custom products. The Company’s strategy for growth is to leverage its expertise in drill tool technology and innovative, precision machining in order to broaden its product offerings and solutions for the oil and gas industry.

Additional information about the Company can be found at: www.sdpi.com.

For more information, contact investor relations:
Deborah K. Pawlowski
Kei Advisors LLC
(716) 843-3908
This email address is being protected from spambots. You need JavaScript enabled to view it.

DUBLIN--(BUSINESS WIRE)--The "Spoolable Pipes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The global spoolable pipes market reached a value of US$ 1.62 billion in 2021. Looking forward, the market is projected to reach a value of US$ 2.1 billion by 2027, exhibiting a CAGR of 4.10% during 2022-2027.

Companies Mentioned

• Baker Hughes Company
• FlexSteel Pipeline Technologies Inc.
• Future Pipe Industries
• Hebei Heng An Tai Pipeline Co. Ltd
• Magma Global Ltd. (TechnipFMC plc)
• NOV Inc.
• Pipelife International Gmbh (Wienerberger AG)
• Shawcor Ltd.
• Smartpipe Technologies
• Strohm B.V

Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different End-use sectors. These insights are included in the report as a major market contributor.

Spoolable pipes are flexible pipes manufactured using polymeric materials reinforced with carbon and glass fibers. They can be wound on a reel and provide ease in installation and transportation. They are commonly available in composite and reinforced thermoplastic variants. Spoolable pipes are widely used in the production of gathering lines, jumpers, subsea flowlines, directional drilling, well intervention, and injection lines.

They are also used for the transportation of refined and crude petroleum fuels, such as natural gas and oil, and other fuels, including slurry, sewage, and water. These pipes maintain structural integrity under extreme temperatures and exhibit excellent resistance to corrosion, erosion, pressure, and chemicals. Spoolable pipes also possess other beneficial properties, such as high fatigue resistance, enhanced flow rates, reduced maintenance costs, and fast commissioning.

The significant growth in the oil and gas industry across the globe is the key factor driving the market growth. Spoolable pipes are widely used for the transportation of crude oil and natural gas due to their low maintenance and installation properties. In line with this, the widespread product adoption in gas gathering lines is favoring the market growth.

Moreover, various technological advancements, such as the development of complementary spoolable composite pipe technology for enhancing performance at high loads, are providing a considerable boost to the market growth. In addition to this, the increasing utilization of spoolable pipes in water distribution, mining, and water treatment on account of resistance to contamination and the minimized risks of microbial contamination is positively impacting the market growth.

Apart from this, the increasing demand for fiber-reinforced spoolable pipes and the widespread product adoption for the renovation and repair of traditional piping systems are anticipated to create a positive outlook for the market.

Key Questions Answered in This Report

• How has the global spoolable pipes market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global spoolable pipes market?
• What are the key regional markets?
• What is the breakup of the market based on the matrix type?
• What is the breakup of the market based on the reinforcement type?
• What is the breakup of the market based on the application?
• What is the breakup of the market based on the sales channel?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global spoolable pipes market and who are the key players?
• What is the degree of competition in the industry?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Spoolable Pipes Market

5.1 Market Overview

5.2 Market Performance

5.3 Impact of COVID-19

5.4 Market Forecast

6 Market Breakup by Matrix Type

7 Market Breakup by Reinforcement Type

8 Market Breakup by Application

9 Market Breakup by Sales Channel

10 Market Breakup by Region

11 SWOT Analysis

12 Value Chain Analysis

13 Porters Five Forces Analysis

14 Price Analysis

15 Competitive Landscape

15.1 Market Structure

15.2 Key Players

15.3 Profiles of Key Players

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

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

DUBLIN--(BUSINESS WIRE)--The "Global HDPE Oil and Gas Market 2021-2027" report has been added to ResearchAndMarkets.com's offering.

The global HDPE oil and gas market is anticipated to grow at a considerable CAGR during the forecast period. HDPE pipes are low-cost alternatives to other pipes, and their advantages are expected to drive overall pipe demand throughout the forecast period.

HDPE pipes are inexpensive and can be used in a range of applications, including agriculture. For Instance, In September 2020, Fortune Agribusiness has announced intentions to invest $150 million in the establishment of a high-value, 3,500-hectare (8,649-acre) irrigated fruit and vegetable growing complex on its 294,000-hectare (726,490-acre) Singleton Station in Australia's Northern Territory.

The global HDPE oil and gas market is segmented based on product and application. Based on product, the HDPE oil and gas market is segmented into PE 80 and PE 100. Based on application, the HDPE oil and gas market is segmented into offshore pipeline and onshore pipeline.

Geographically, the global HDPE oil and gas market covers the analysis of four major regions including North America (the US and Canada), Europe (UK, Germany, Italy, Spain, France, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and the Rest of the World.

Some of the companies operating in the global HDPE oil and gas market include Supreme pipes, JM Eagke, INC, WL Plastics, Apollo Pipes, Nan Ya Plastic Corp. among others.

Market Segmentation

• Global HDPE Oil And Gas Market Research and Analysis by Product
• Global HDPE Oil And Gas Market Research and Analysis by Application

The Report Covers

• Comprehensive research methodology of the global HDPE oil and gas market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global HDPE oil and gas market.
• Insights about market determinants that are stimulating the global HDPE oil and gas market.
• Detailed and extensive market segments with the regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.

Key Topics Covered:

1. Report Summary

2. Market Overview and Insights

2.1. Scope of the Report

2.2. Analyst Insight & Current Market Trends

2.2.1. Key Findings

2.2.2. Recommendations

2.2.3. Conclusion

3. Market Determinants

3.1. Motivators

3.2. Restraints

3.3. Opportunities

4. Market Segmentation

4.1. Global HDPE Oil and Gas Market by Type

4.1.1. PE 80

4.1.2. PE 100

4.1.3. Others

4.2. Global HDPE Oil and Gas Market by Application

4.2.1. Offshore Pipeline

4.2.2. Onshore Pipeline

5. Regional Analysis

5.1. North America

5.1.1. United States

5.1.2. Canada

5.2. Europe

5.2.1. UK

5.2.2. Germany

5.2.3. Italy

5.2.4. Spain

5.2.5. France

5.2.6. Rest of Europe

5.3. Asia-Pacific

5.3.1. China

5.3.2. India

5.3.3. Japan

5.3.4. Rest of Asia-Pacific

5.4. Rest of the World

6. Company Profiles

6.1. Apollo Pipes Ltd.

6.2. JM EAGLE, INC.

6.3. Lane Enterprises, Inc.

6.4. Nan Ya Plastics Corp.

6.5. Polyplastic Group

6.6. Prinsco, Inc.

6.7. Supreme Pipes Industries Ltd.

6.8. Wavin B.V.

6.9. WL Plastics

For more information about this report visit https://www.researchandmarkets.com/r/kfxx1e

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

Utilities and Cities Can Reap the Benefit of Edge Compute, High-Fidelity Data, AI and Machine Learning with Cloud Technologies and Solutions to Support Decarbonization

LIBERTY LAKE, Wash.--(BUSINESS WIRE)--#Cloud--Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water is expanding its long-term collaboration with Microsoft to accelerate cloud adoption and the next generation of consumer and grid edge solutions for the utility and smart cities industries. The collaboration uniquely brings together Itron’s leading energy management solutions and Microsoft’s leading cloud solutions to transform how end users view and manage their energy, and how utilities meet the demands of a rapidly changing industry. Itron is working with Microsoft to develop solutions that deliver unprecedented insights and benefits for utilities, communities and enterprises to reach their goals, including grid resilience, consumer engagement, operational efficiency and decarbonization.

With a focus on security, reliability and value, the collaboration will address industry critical challenges, such as greenhouse gas emissions, carbon tracking, zero carbon goals, clean energy matching, data accessibility and operational insights. This includes network visibility, asset management, outage management and insights into Electric Vehicle (EV) and distributed energy resource loads that are essential to enabling a decarbonized grid. The collaboration will deliver integrated solutions to measure, report and accelerate the path to net zero for utilities and their customers. Utilities will also be able to unlock additional value and data from their smart grid implementations, including new use cases such as location awareness, intelligent voltage monitoring, real-time transformer load monitoring, EV and solar awareness, active premise load shedding and more.

The expansion of the collaboration will benefit industry stakeholders, consumers and others by enabling high-fidelity data to be utilized at the edge of utilities’ and cities’ connected IoT platforms. Example use cases that will benefit from this data, analytics and integration include:

1. Utilities tracking towards net zero goals and engaging their customers around carbon management
2. Distributed energy resource providers identifying customers who can benefit from their products and customers who desire advanced energy solutions
3. Utilities improving demand side management, outage communication, outage prevention and outage management

By increasing the number of cloud-ready solutions for the next-generation technology stack, the collaboration will enable faster deployment, increase cost effectiveness, and enhance security and resilience. With Microsoft, Itron is accelerating the extension of its leading Advanced Metering Infrastructure (AMI), data management and analytics solutions to the cloud in global markets.

The expanded collaboration will allow Itron to identify utility and city customers across the globe who can benefit from their existing solutions and reach global enterprises with critical energy and decarbonization requirements. It will help more customers effectively shift operations into the cloud and take advantage of innovative and emerging solutions to meet critical operational, service and sustainability goals.

“Expanding our collaboration with Microsoft is core to our commitment to delivering industry-leading solutions that make it easier for end-users to reduce their carbon footprint and conserve water. Our collaboration will provide analytics and data-sharing capabilities for utilities and cities, so they can optimize their operations and accelerate the transition to a low-carbon economy,” said Don Reeves, senior vice president of Outcomes at Itron. “As utilities begin to deploy edge compute-enabled connected IoT platforms, a new level of collaboration and co-innovation is needed for the utilities to harvest the unprecedented opportunity for growth and creating value. With Microsoft’s advanced cloud technology combined with Itron’s industry expertise, we are optimizing existing solutions and building new ones in an emerging and rapidly changing market.”

“The collaboration between Itron and Microsoft will enable utilities and smart cities to take advantage of cloud computing technology—in particular, edge computing—to accelerate cloud-native analytics, distribution automation, carbon reporting and provide an overall more flexible, scalable system that supports a distributed, resilient energy grid,” said Darryl Willis, CVP Worldwide Energy Industry, Microsoft.

To learn more, visit Itron in booth #2403 and Microsoft in booth #1023 at DISTRIBUTECH, May 23-25, in Dallas, Texas. More details and information about Itron and Microsoft’s expanded collaboration will be available soon.

About Itron

Itron enables utilities and cities to safely, securely and reliably deliver critical infrastructure solutions to communities in more than 100 countries. Our portfolio of smart networks, software, services, meters and sensors helps our customers better manage electricity, gas and water resources for the people they serve. By working with our customers to ensure their success, we help improve the quality of life, ensure the safety and promote the well-being of millions of people around the globe. Itron is dedicated to creating a more resourceful world. Join us: www.itron.com.

Itron^® is a registered trademark of Itron, Inc. All third-party trademarks are property of their respective owners and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated.

For additional information, contact:

Itron, Inc.
Alison Mallahan
Senior Manager, Corporate Communications
509-891-3802
This email address is being protected from spambots. You need JavaScript enabled to view it.

AUSTIN, Texas--(BUSINESS WIRE)--Hyliion Holdings Corp. (NYSE: HYLN) (“Hyliion”), a leader in electrified powertrain solutions for Class 8 semi-trucks, today announced that it has become a member of the World Economic Forum and will join the Road Freight Zero coalition, an initiative that engages industry leaders around the world to accelerate the global transition to a zero-emission transportation future.

The World Economic Forum’s Annual Meeting will take place in Davos, Switzerland next week, where Hyliion will be co-hosting “The Transition to Sustainable Road Freight” affiliate session with Hypertruck Innovation Council member Agility. The panel will feature Thomas Healy, founder and CEO of Hyliion, along with other global industry leaders as they discuss decarbonization challenges and the practical and scalable solutions that can accelerate sustainability-focused technologies.

In 2020 there were 27 million heavy-duty trucks on the road worldwide, emitting 1,183 metric tons of carbon dioxide—41% of total global road freight greenhouse gas emissions. And with 95% of the world’s transportation energy coming from petroleum-based fuels like diesel, the need for innovative technology that utilizes alternative fuels has never been more evident.

“Through their Road Freight Zero effort, the World Economic Forum engages a wide array of forward-thinking leaders in working toward global decarbonization, and we are pleased to be able to bring our perspective to the table. Hyliion was founded with a vision for a net-carbon-negative commercial transportation industry, and we have a singular focus on developing solutions that can reduce the carbon emissions of heavy-duty trucks. I look forward to adding to the conversation around technology advancements and alternative fuels on such an elevated platform,” said Thomas Healy.

Along with other like-minded stakeholders, Hyliion seeks to further the discussion surrounding the transportation industry’s massive carbon footprint and the advancements in technology, infrastructure and policy needed to achieve Road Freight Zero’s ambitious zero emission goals.

About Hyliion

Hyliion’s mission is to reduce the carbon intensity and greenhouse gas (GHG) emissions of Class 8 commercial trucks by being a leading provider of electrified powertrain solutions. Leveraging advanced software algorithms and data analytics capabilities, Hyliion offers fleets an easy, efficient system to decrease fuel and operating expenses while seamlessly integrating with their existing fleet operations. Headquartered in Austin, Texas, Hyliion designs, develops, and sells electrified powertrain solutions that are designed to be installed on most major Class 8 commercial trucks, with the goal of transforming the commercial transportation industry’s environmental impact at scale. For more information, visit www.hyliion.com.

Forward Looking Statements

The information in this press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, regarding Hyliion and its future financial and operational performance, as well as its strategy, future operations, estimated financial position, estimated revenues, and losses, projected costs, prospects, plans and objectives of management are forward looking statements. When used in this press release, including any oral statements made in connection therewith, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, Hyliion expressly disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements herein, to reflect events or circumstances after the date of this press release. Hyliion cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Hyliion. These risks include, but are not limited to, Hyliion’s ability to disrupt the powertrain market, Hyliion’s focus in 2022 and beyond, the effects of Hyliion’s dynamic and proprietary solutions on its commercial truck customers, accelerated commercialization of the Hypertruck ERX™, the ability to meet 2022 and future product milestones, the impact of COVID-19 on long-term objectives, the ability to reduce carbon intensity and greenhouse gas emissions and the other risks and uncertainties set forth in “Risk Factors” section of Hyliion’s annual report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on February 24, 2022 for the year ended December 31, 2021. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Should one or more of the risks or uncertainties described in this press release occur, or should underlying assumptions prove incorrect, actual results and plans could different materially from those expressed in any forward-looking statements. Additional information concerning these and other factors that may impact Hyliion’s operations and projections can be found in its filings with the SEC. Hyliion’s SEC Filings are available publicly on the SEC’s website at www.sec.gov, and readers are urged to carefully review and consider the various disclosures made in such filings.

Hyliion Holdings Corp.
Ryann Malone
This email address is being protected from spambots. You need JavaScript enabled to view it.
(833) 495-4466

Sharon Merrill Associates, Inc.
Nicholas Manganaro
This email address is being protected from spambots. You need JavaScript enabled to view it.
(617) 542-5300

HOUSTON--(BUSINESS WIRE)--#goingskyward--Skyward Specialty Insurance Group, Inc.™ ("Skyward Specialty" or the "Company"), a leader in the specialty property and casualty (P&C) market, announced it has launched a Renewable Energy Contractors coverage within its rapidly expanding Construction and Energy product portfolio. The coverage targets a wide range of contractors specializing in wind and solar energy conversion systems for private and commercial or industrial purposes.

While growth in the renewables sector is at the center of the energy transition, each subsector's insurance risk needs and profile are unique. Consequently, the standard construction and energy insurance solutions are insufficient to meet the risk management and risk transfer needs of the sector.

"Skyward Specialty is at the forefront of developing insurance solutions to support highly specialized and hard-to-place risks, like the renewable energy market. Today we serve this market across several of our underwriting divisions, including captive solutions for biofuel manufacturing and conversion and recycling centers, surety solutions for the solar industry, and coverage for renewable energy sources in our global property division," said Kirby Hill, President, Industry Solutions, Captives & Programs. "As a result, we can leverage our expertise and history in the renewables sector to provide focused, specialized coverage to meet the unique risk needs of the industry. By anticipating trends and issues, developing strategies and solutions and applying our best-in-class underwriting solutions, we lower the cost of risk for our clients and their customers."

Skyward Specialty's Renewable Energy Contractors coverage will primarily focus on contractors who erect and service land-based metal wind turbines and solar power installations or service work following the same risk characteristics. The coverage will include general liability, property, primary commercial automobile, and excess liability.

"As renewable energy technologies, distribution practices and business models progress, risks continue to increase," said Rick Childs, Senior Vice President, Construction and Oil & Gas. "Our Renewable Energy Contractors coverage helps minimize those risks and conquer crises for renewable energy businesses with customized coverage. In addition, our team is backed by years of expertise and can help companies succeed by developing strategies and solutions to meet the specialized risk challenges of this rapidly evolving industry."

About Skyward Specialty

Skyward Specialty is a growing specialty insurance company, delivering commercial property and casualty products and solutions on a non-admitted and admitted basis. For its most recent fiscal year, the Company had nearly one billion dollars in gross written premiums. The Company has eight underwriting divisions -- Accident & Health, Captives, Global Property, Industry Solutions, Professional Lines, Programs, Surety and Transactional E&S.

Skyward Specialty's subsidiary insurance companies consist of Houston Specialty Insurance Company, Imperium Insurance Company, Great Midwest Insurance Company, and Oklahoma Specialty Insurance Company. These insurance companies are rated A- (Excellent) by A.M. Best Company. For more information about Skyward Specialty, its people, and its products, please visit www.skywardinsurance.com

Haley Doughty
Skyward Specialty Insurance Group
713-935-4944
This email address is being protected from spambots. You need JavaScript enabled to view it.

WYOMISSING, Pa.--(BUSINESS WIRE)--$UGI--Today, UGI Energy Services LLC (UGIES), the midstream and energy marketing subsidiary of UGI Corporation (NYSE: UGI), commemorated its spring 2022 visits to Pennsylvania schools and scholarship organizations it supports through Pennsylvania’s Opportunity Scholarship Tax Credit (OSTC) program. This year UGIES contributed $200,000 to support 70 private and parochial schools and scholarship organizations.

UGIES continued its annual spring tradition and traveled throughout Pennsylvania to meet with 17 schools and organizations; presenting approximately one third of its 2022 OSTC contributions in-person.

UGI Energy Services has provided over $2 million in scholarships through the OSTC program since 2014. These contributions provide tuition assistance for students living in low-achieving school districts to attend local, private or parochial schools.

“UGI Energy Services is committed to supporting education in the communities where our employees and customers live and work,” said Joe Hartz, president of UGI Energy Services. “We are proud to support our schools and invest in tomorrow’s workforce and community leaders. Thank you to all the administrators, educators, and students who met with us over the past several weeks; allowing us to see firsthand the difference you’re making in so many young peoples’ lives.”

UGIES presented in-person contributions to Berks County Community Foundation,

Business Leadership Organized for Catholic Schools, CAI Learning Academy, Inc., Christian School Association of Greater Harrisburg, Inc., Christian School Association of York, Cornerstone Christian Academy, Eastern Pennsylvania Scholarship Foundation - Diocese of Allentown, Harrisburg Academy, Jewish Federation of the Lehigh Valley, Junior Achievement of Western PA, Lancaster Country Day School, LOGAN Hope, Meadowbrook Christian School Scholarship Organization, Mercersburg Academy, Moravian Academy, PJHS Scholarship Organization (St. Joseph’s Preparatory School and Scranton Preparatory School), and the Washington County Community Foundation.

UGIES also thanks the many public officials and staff that joined its visits, including: state Senator Camera Bartolotta (SD-46); state Representative Sheryl Delozier (HD-88); state Senator Marty Flynn (SD-22); state Representative Tim O'Neal (HD-48); state Representative Jason Ortitay (HD-46); state Senator Devlin Robinson (SD-37); and, state Senator Judy Ward (SD-30).

Scholarship recipients consistently offered their support for the OSTC program and the opportunities the program provides students in all corners of the Commonwealth.

“We are thankful for UGI Energy Services’ $10,000 scholarship donation,” said Kathleen Harvey, senior financial Analyst for Business Leadership Organized for Catholic Schools (BLOCS). “With this support, students will have greater access to quality education, without putting an economic burden on our families in the greater Philadelphia region.”

“UGI Energy Services’ support for our foundation will assist in providing students who have financial need with greater access to exceptional learning experiences,” said Frances Aitken, chief operating officer for Berks County Community Foundation.

“We are grateful for UGI Energy Services’ scholarship donation,” said Bill Lucas, executive vice president for Junior Achievement of Western PA. “This contribution will assist our communities to gain access to the financial literacy, entrepreneurship and workforce development skills we provide at Junior Achievement.”

More information about the Opportunity Scholarship Tax Credit program is available at www.dced.pa.gov/OSTC. This is UGI Energy Service’s seventh year of participation in the Opportunity Scholarship Tax Credit program.

About UGI Energy Services LLC

UGI Energy Services LLC markets natural gas, electricity and liquid fuels to commercial, institutional and industrial customers at approximately 43,000 locations in eleven eastern states and Washington, D.C. UGI Energy Services owns and operates natural gas midstream assets such as liquefied natural gas storage and vaporization, underground storage fields, gathering, intra and interstate pipeline systems, compressor stations and renewable natural gas digesters. These assets support the retail business as well as our electric generation assets, and peaking plants. Learn more about UGI Energy Services at http://www.ugies.com.

UGI Energy Services Contact: Jackie Nawa, 484-366-7289, This email address is being protected from spambots. You need JavaScript enabled to view it.

Common Tactical Truck program will replace more than 7,000 heavy trucks with more fuel-efficient vehicles.

INDIANAPOLIS--(BUSINESS WIRE)--Allison Transmission, a leading designer and manufacturer of conventional and electrified vehicle propulsion solutions for tactical wheeled and tracked defense vehicles, will support multiple customers through the U.S. Army’s newest tactical wheeled vehicle program named the Common Tactical Truck (CTT). CTT has the potential to field more than 7,000 new vehicles once full rate production begins, representing over $150 million in revenue for Allison’s defense end market.

The U.S. Army has proposed replacing most variants in its heavy tactical wheeled vehicle fleet with a single platform that shares a common powertrain, chassis, and cab. The CTT program will leverage advancements from the commercial vehicle industry including driver safety systems, off-road mobility, predictive maintenance, and increased fuel efficiency. Prototype vehicle testing will begin in late 2023 with an award decision occurring as early as 2025.

“Our mission is clear - to improve the way the world works with the most reliable, innovative, and efficient propulsion solutions that deliver the performance, quality and differentiated value propositions our customers have come to expect from Allison,” said Dana Pittard, Vice President, Defense Programs at Allison Transmission.

Allison will support the CTT program’s fuel efficiency targets by incorporating propulsion systems equipped with FuelSense 2.0®, an advanced set of software and electronic controls that deliver fuel savings of up to 6% without sacrificing performance.

Beyond innovative drivetrain products, Allison stands ready to support our customers and CTT’s project development milestones through the state-of-the-art infrastructure available at the Vehicle Electrification and Environmental Test Center (VE+ET), a 60,000 square foot facility located at Allison’s global headquarters in Indianapolis. The venue offers a wide range of seasonally independent vehicle-level testing capabilities applicable to conventional, alternative fuel, electric-hybrid, electric, and hydrogen fuel cell vehicles.

The U.S. Army’s recently released climate strategy includes the goal of transitioning to hybrid-drive tactical vehicles by 2035. Allison has been investing in electric hybrid propulsion systems for decades, and as a result, the company is well positioned to support the defense market in the shift to electric vehicle technology.

About Allison Transmission

Allison Transmission (NYSE: ALSN) is a leading designer and manufacturer of propulsion solutions for commercial and defense vehicles and the largest global manufacturer of medium- and heavy-duty fully automatic transmissions that Improve the Way the World Works. Allison products are used in a wide variety of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (school, transit and coach), motorhomes, off-highway vehicles and equipment (energy, mining and construction applications) and defense vehicles (tactical wheeled and tracked). Founded in 1915, the company is headquartered in Indianapolis, Indiana, USA. With a presence in more than 150 countries, Allison has regional headquarters in the Netherlands, China and Brazil, manufacturing facilities in the USA, Hungary and India, as well as global engineering resources, including electrification engineering centers in Indianapolis, Indiana, Auburn Hills, Michigan and London in the United Kingdom. Allison also has more than 1,400 independent distributor and dealer locations worldwide. For more information, visit allisontransmission.com.

Forward-Looking Statements

This press release contains forward-looking statements. All statements other than statements of historical fact contained in this press release are forward-looking statements, including all statements regarding future financial results. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expect,” “plans,” “project,” “anticipate,” “believe,” “estimate,” “predict,” “intend,” “forecast,” “could,” “potential,” “continue” or the negative of these terms or other similar terms or phrases. Forward-looking statements are not guarantees of future performance and involve known and unknown risks. Factors which may cause the actual results to differ materially from those anticipated at the time the forward-looking statements are made include, but are not limited to: the duration and spread of the COVID-19 pandemic, including new variants of the virus and the pace and availability of vaccines and boosters, mitigating efforts deployed by government agencies and the public at large, and the overall impact from such outbreak on economic conditions, financial market volatility and our business, including but not limited to the operations of our manufacturing and other facilities, the availability of labor, our supply chain, our distribution processes and demand for our products and the corresponding impacts to our net sales and cash flow; increases in cost, disruption of supply or shortage of labor, freight, raw materials or components used to manufacture or transport our products or those of our customers or suppliers, including as a result of the COVID-19 pandemic; our participation in markets that are competitive; our ability to prepare for, respond to and successfully achieve our objectives relating to technological and market developments, competitive threats and changing customer needs, including with respect to electric hybrid and fully electric commercial vehicles; the highly cyclical industries in which certain of our end users operate; uncertainty in the global regulatory and business environments in which we operate; the concentration of our net sales in our top five customers and the loss of any one of these; the failure of markets outside North America to increase adoption of fully automatic transmissions; the success of our research and development efforts, the outcome of which is uncertain; U.S. and foreign defense spending; risks associated with our international operations, including increased trade protectionism; general economic and industry conditions; the discovery of defects in our products, resulting in delays in new model launches, recall campaigns and/or increased warranty costs and reduction in future sales or damage to our brand and reputation; our ability to identify, consummate and effectively integrate acquisitions and collaborations; labor strikes, work stoppages or similar labor disputes, which could significantly disrupt our operations or those of our principal customers or suppliers; risks related to our indebtedness; and other risks and uncertainties associated with our business described in our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that the expectations will be attained or that any deviation will not be material. All information is as of the date of this press release, and we undertake no obligation to update any forward-looking statement to conform the statement to actual results or changes in expectations.

Claire Gregory
Director, Global External Communications
This email address is being protected from spambots. You need JavaScript enabled to view it.
(317) 694-2065

AMSTERDAM--(BUSINESS WIRE)--Digety, a fast-growing electronic shelf label company from Germany, partners with Nowi, specialised in energy harvesting, to develop solar-powered electronic shelf labels used in retail stores.

This collaboration aims to meet surging market demand to provide retail stores with an innovative solution that will allow them to further increase their yield and manage their supply chain processes more efficiently.

Digety’s portfolio includes digital tags and electronic shelf labels. Its system is flexible, scalable and low maintenance, with decreased implementation and operation costs and limitless expandability making Digety’s technology suitable for an endless range of use cases.

Thanks to its minimum need for external components and ultra-compact size, the Nowi PMIC was easily integrated into Digety’s 2.7″ and 4.2″ existing RackTags, durable ESLs using high resolution e-paper display. Now powered by solar energy through a very small PV panel on top of the solution and Nowi’s energy harvesting IC, Digety developed “GreenTags” electronic shelf labels, which run without ever having to change a battery.

Simon Roth, co-founder and CEO at Digety, explains “The Energy Harvesting IC from Nowi was simple to be integrated into our electronic labels. Now our "GreenTags" independently harvest the required energy from light that is available everywhere. It's indeed a bit like magic!”. He adds “Also, as we are responsible for a more sustainable and environmentally friendly world, we are one step ahead by eliminating the necessity of recurring battery changes, by avoiding unnecessary waste production, and thus, reducing the need for mined raw materials.”. This cost-efficient solution allows vendors and retailers to reduce their maintenance and labour costs while providing a sustainable solution that will allow to drastically decrease the number of discarded batteries, hence making the retail industry less dependent on polluting storage elements.

Discover Digety’s newest GreenTags, powered by Nowi’s energy harvesting technology, at EuroCIS – the leading trade fair for retail technology– in Hall 9 / E32 (Instore Solutions booth) from May 31st to June 2nd 2022 in Düsseldorf. The Nowi team will also be available for additional information about its technology, will explain how it can be used to perpetually power retail devices and how its market-leading chipsets are gaining traction with renowned label makers and international retailers, making ESLs a growing market for energy harvesting.

Melissa O’Leary
This email address is being protected from spambots. You need JavaScript enabled to view it.

WASHINGTON--(BUSINESS WIRE)--Easterly Government Properties, Inc. (NYSE: DEA) (the “Company” or “Easterly”), a fully integrated real estate investment trust (“REIT”) focused primarily on the acquisition, development and management of Class A commercial properties leased to the U.S. Government, announced today that it was selected as a 2022 Green Lease Leader by the Institute for Market Transformation (IMT) and the U.S. Department of Energy’s (DOE) Better Buildings Alliance.

Launched in 2014, Green Lease Leaders sets national standards for what constitutes a green lease, while recognizing landlords and tenants who modernize their leases to spur collaborative action on energy efficiency, cost-savings, air quality, and sustainability in buildings. Easterly has achieved Silver Recognition for its efforts related to increasing transparency between landlord and tenant on energy and sustainability issues, tracking energy and water usage, utilizing the ENERGY STAR Portfolio Manager platform to both track and disclose scores and data, and including lease clauses around renewable energy usage.

“As Easterly continues to advance its sustainability strategy, we are honored to achieve the milestone of Green Lease Leaders Silver Recognition,” said William C. Trimble, III, Easterly’s Chief Executive Officer. “This award reflects our commitment towards furthering our sustainability strategy while we simultaneously pursue our goal of maximizing value for our shareholders."

About Easterly Government Properties, Inc.

Easterly Government Properties, Inc. (NYSE:DEA) is based in Washington, D.C., and focuses primarily on the acquisition, development and management of Class A commercial properties that are leased to the U.S. Government. Easterly’s experienced management team brings specialized insight into the strategy and needs of mission-critical U.S. Government agencies for properties leased to such agencies either directly or through the U.S. General Services Administration (GSA). For further information on the company and its properties, please visit www.easterlyreit.com.

Easterly Government Properties, Inc.
Lindsay S. Winterhalter
Supervisory Vice President, Investor Relations & Operations
202-596-3947
This email address is being protected from spambots. You need JavaScript enabled to view it.

Accelerating Utility-Focused LTE Products and Market Expansion

CARLSBAD, Calif.--(BUSINESS WIRE)--#LTE--CrescoNet today announced that Brookfield has taken a stake in the company. Brookfield is one of the world’s largest owners and operators of critical infrastructure networks, which facilitate the movement and storage of energy, water, freight, passengers, and data. The equity investment will be used to accelerate CrescoNet’s product and market expansion into North American water, gas, and electric utilities.

John Stafford, President for CrescoNet North America, commented: “We value the Brookfield partnership and view it as clear confirmation of our strategy, execution, and market opportunity. We believe the pace and precision of our innovation, acquisitions, partnerships, expert delivery, and customer care are already making an important difference for our customers. This partnership will further accelerate our product and services expansion focused on delivering high quality services to North American utility clients.”

CrescoNet and its wholly owned subsidiary Smart Earth Technologies (SET) deliver advanced metering infrastructure solutions to water, gas, and electric utilities, and solar, EV, and battery connectivity and control for electric utilities. To learn more, meet with CrescoNet at DistribuTECH 2022 at the Kay Bailey Hutchison Convention Center Room A101 in Dallas May 23-24 or visit Smart Earth Technologies at AWWA ACE 2022 in San Antonio, Booth 8115, June 12-15.

About CrescoNet

CrescoNet is a leading provider and integrator of electric, water and gas smart metering and related services that are built with the latest available technologies. CrescoNet offers IoT and battery powered LTE/5G communications solutions, cloud native data solutions for MDMS and data analytics, market leading DER orchestration and flexibility management and is vendor agnostic in integrating with existing smart meter hardware vendors. For more information on CrescoNet visit www.cresconet.com

About Brookfield

Brookfield is a leading global alternative asset manager with approximately US$725 billion in assets under management across real estate, infrastructure, renewable power, private equity, and credit. Brookfield owns and operates long-life assets and businesses, many of which form the backbone of the global economy. Utilizing its global reach, access to large-scale capital and operational expertise, Brookfield offers a range of alternative investment products to investors around the world—including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors. Brookfield Asset Management is listed on the New York and Toronto stock exchanges under the symbol BAM and BAM.A, respectively.

Kim Glassman
This email address is being protected from spambots. You need JavaScript enabled to view it.
877.515.7627, Extension 3

ALTR’s CTO Presenting on June 14: TDECU Streamlines and Secures its Journey to the Snowflake Data Cloud with ALTR

AUSTIN, Texas--(BUSINESS WIRE)--ALTR, innovator of complete data control and protection solutions, today announced that it will be participating at the Snowflake Summit taking place at Caesars Forum Conference Center in Las Vegas June 13-16. At the show, ALTR will be demonstrating its new policy automation engine for managing data access controls in Snowflake and beyond.

Additionally the company will be demonstrating:

• How policy automation with ALTR eliminates the need for writing and maintaining code to control access to data​
• How ALTR delivers seamless data tokenization and policy automation inside the ETL data migration process​
• How ALTR integrates automation policy enforcement into Data Catalogs​

In attendance from ALTR will be Dave Sikora, CEO, Doug Wick, VP Product, and ​James Beecham, co-founder and CTO. ALTR will be participating as a Summit exhibitor, located at Booth 905 at Caesars Forum Conference Center.

Beecham and Devshree Golecha, VP of Data at TDECU are co-presenting: TDECU Streamlines and Secures its Journey to the Snowflake Data Cloud with ALTR on Tuesday, June 14 from 2-2:20 p.m. PT. During the presentation, both will discuss the credit union’s journey securely migrating its enterprise data warehouse to the Snowflake Data Cloud.

For more information about Snowflake Summit, visit https://www.snowflake.com/summit/.

About ALTR

ALTR is the only automated policy enforcement and data security solution that allows you to easily control and protect sensitive data to minimize risks sooner and unlock value faster. Hundreds of companies and thousands of users leverage ALTR’s platform to gain unparalleled visibility into data usage, automate and control data access, and secure data with patented rate limiting and tokenization-as-a-service, all in minutes instead of months. ALTR’s database integrations and partner ecosystem enable on-premises-to-cloud protection and a single solution for enterprise-wide data governance and security. To learn more, please visit ALTR.com. To start with the ALTR Free plan today, sign up here.

Media Contact
RedIron PR for ALTR
Kari Walker
This email address is being protected from spambots. You need JavaScript enabled to view it.

DUBLIN--(BUSINESS WIRE)--The "Global Extended Reach Drilling Market, By Type (Shallow, Intermediate, Deep, and Ultradeep), By Well Type (3D Wells, Deviated Wells, Others), By Technology, By Application, By Region, Competition Forecast and Opportunities, 2017-2027" report has been added to ResearchAndMarkets.com's offering.

The global extended reach drilling market is expected to grow at a significant rate with market growth attributed to the advancements in technology and increasing demand for oil and gas in various end-user industries.

Developments in multiple tools and technologies related to drilling for enhancing the efficiency of the procedures and increasing oil production are also fueling the growth of the global extended reach drilling market.

Besides, expanding drilling activities in remote areas in the fragile environment is also aiding the growth of the global extended reach drilling market.

Rising global demand for oil and gas on account of growing industrialization activities and growing applications of technologies like rotary steerable systems and friction reduction tools, among others, are propelling the growth of the global extended reach oil drilling market. Moreover, the expansion of various industries such as automotive, construction, and other manufacturing units and increasing demand for oil excavation are contributing to the market growth.

The use of advanced tools and technologies for increasing oil production capacity while eliminating oil loss is also positively influencing the growth of the global extended reach oil drilling market. Moreover, increasing investments from government authorities and the private sector and the development of innovative tools are supporting the growth of the global extended reach oil drilling market.

The shallow type segment is anticipated to hold the largest share in the global extended reach drilling market due to the increasing number of oil excavation projects around the world. Based on well type, the market is sub-segmented into 3D wells, deviated wells, and others. Deviated wells are expected to dominate the global extended reach drilling market due to increasing dependency on extended reach drilling processes.

Major players operating in the global extended reach drilling market are China Oilfield Services Limited, HXR Drilling services, K&M Technology Group, Schlumberger Limited, Baker Hughes, Halliburton Company, Weatherford International, Mubadala Petroleum Ltd..

Objective of the Study:

• To analyze the historical growth in the market size of global extended reach drilling market from 2017 to 2021
• To estimate and forecast the market size of global extended reach drilling market from 2022E to 2027F and growth rate until 2027
• To classify and forecast global extended reach drilling market based on type, well type, technology, appliaction, region, and competitive Landscape
• To identify dominant region or segment in the global extended reach drilling market
• To identify drivers and challenges for global extended reach drilling market
• To examine competitive developments such as expansions, mergers & acquisitions, etc, in global extended reach drilling market
• To identify and analyze the profile of leading players operating in global extended reach drilling market
• To identify key sustainable strategies adopted by market players in global extended reach drilling market

Competitive Landscape: Detailed analysis of the major companies present in global extended reach drilling market

• China Oilfield Services Limited
• HXR Drilling services
• K&M Technology Group
• Schlumberger Limited
• Baker Hughes
• Halliburton Company
• Weatherford International
• Mubadala Petroleum Ltd.

Report Scope:

Years Considered for This Report:

• Historical Years: 2017-2020
• Base Year: 2021
• Estimated Year: 2022E
• Forecast Period: 2023F-2027F

   

Extended Reach Drilling Market, By Type:

• Shallow
• Intermediate
• Deep
• Ultradeep

Extended Reach Drilling Market, By Well Type:

• 3D Wells
• Deviated Wells
• Others

Extended Reach Drilling Market, By Technology:

• Rotary Steerable Systems
• Measurement-While-Drilling
• Logging-While-Drilling

Extended Reach Drilling Market, By Application:

• Onshore
• Offshore

Extended Reach Drilling Market, By Region:

North America

• United States
• Mexico
• Canada
• Europe
• France
• Germany
• United Kingdom
• Italy
• Spain
• Poland
• Denmark

Asia-Pacific

• China
• India
• Japan
• South Korea
• Australia
• Singapore
• Malaysia

Middle East & Africa

• South Africa
• Saudi Arabia
• UAE
• Iraq
• Turkey

South America

• Brazil
• Argentina
• Colombia
• Peru
• Chile

For more information about this report visit https://www.researchandmarkets.com/r/v4d2zi

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

NEW YORK--(BUSINESS WIRE)--EnfraGen, LLC ("EnfraGen"), a developer, owner, and operator of specialized sustainable, renewable power and grid stability assets in Latin America owned by Glenfarne Group, LLC and leading global private markets firm Partners Group, on behalf of its clients, have raised $620,000 in a matching campaign for GivePower, a non-profit that works to improve the quality of life for people who need it most through solar energy impact projects.

EnfraGen first announced the multi-year partnership and the funding of the first project with GivePower in July 2021. The first project provided a solar microgrid to power a local health post, agro-processing facility, and school for the Kogi, an indigenous group living in the Sierra Nevada de Santa Marta, Colombia. The project was completed in January 2022, enhancing the lives of nearly 700 individuals.

Since that announcement, EnfraGen engaged and received multiple donations from leading international banks and law firms. The group was led by generous contributions from Glenfarne Group, Partners Group, SMBC Global Foundation, Mitsubishi UFJ Financial Group (MUFG), and Milbank LLP. Additional contributions were made by Paul Hastings LLP, White & Case LLP, Scotiabank, BNP Paribas, and Mizuho Americas.

The funds will be used by GivePower to develop and build essential infrastructure projects across Colombia, including solar microgrids, solar water farms and other projects focused on providing access to clean energy and water to thousands of people living in some of the most at-risk communities throughout the country.

The second project that will be funded is a solar microgrid and battery energy storage system in Coqui, an “afrodescendiente” village located in the department of Choco in Colombia’s Pacific Coast. This infrastructure will provide clean energy to a local coconut processing facility, one of the community’s most important small businesses and sources of employment and economic activity.

Additionally, these donations will finance a solar-powered recycling center in the Juanchaco & Ladrilleros region of Bahia Malaga, a bay also located in Colombia’s Pacific Coast. This facility transforms plastic and glass waste into products for sale in the local community. This center will generate additional income for the local community while simultaneously helping clean the Uramba National Park, a critical biodiversity hotspot.

“As an advocate for Latin America’s role in the global energy transition, we are thrilled by the support we’ve received to date for our partnership with GivePower, helping achieve our collective goal of providing communities with better access to clean energy sources,” said Brendan Duval, CEO and Founder of Glenfarne Group, LLC and EnfraGen CEO.

“We are honored to support GivePower’s efforts to provide clean energy to the Coqui community, enabling them to advance their coconut processing facility, which will improve overall economic activity and the livelihood of the individuals who depend upon the business,” said Ed Diffendal, Managing Director at Partners Group.

“We’d like to thank EnfraGen and their partners for generously supporting our work in Colombia,” said Michele Magee, President of GivePower. “This funding will help improve the wellbeing of vulnerable communities and advance Latin America’s transition toward a cleaner energy future.”

About EnfraGen, LLC

EnfraGen is a developer, owner, and operator of grid stability and value-added renewable energy infrastructure businesses across Latin American investment-grade countries. EnfraGen’s grid stability assets supply flexible capacity and energy to local and regional grids in support of renewable power plant intermittent energy production. EnfraGen’s renewable plants are smaller scale, distributed solar photovoltaic and hydroelectric assets that take advantage of unique access points to electrical infrastructure or are located in optimized geographical locations. The business’ mission is to support the transition to zero-carbon emission electric grids.

EnfraGen is jointly controlled by Glenfarne Group, LLC, and global private markets investment manager Partners Group, on behalf of its clients, and has operational and in-construction assets across its subsidiaries totaling over 1.8 GW of installed capacity. The company, including its affiliates and subsidiaries, is supported by a team of nearly 400 professionals. EnfraGen maintains offices and assets in Chile, Panama, Colombia, and the United States.

About Glenfarne Group, LLC

Glenfarne is a privately held energy and infrastructure development and management firm based in New York City and Houston, Texas with offices in Dallas, Texas; Panama City, Panama; Santiago, Chile; Bogota, Colombia; Florianopolis, Brazil; Seoul, South Korea; and Ho Chi Minh City, Vietnam. Glenfarne’s seasoned executives, asset managers, and operators develop, acquire, manage, and operate energy infrastructure assets throughout North and South America and Asia. For more information, please visit www.GlenfarneGroup.com.

About Partners Group

Partners Group is a leading global private markets firm. Since 1996, the firm has invested over USD 170 billion in private equity, private real estate, private debt, and private infrastructure on behalf of its clients globally. Partners Group seeks to generate strong returns through capitalizing on thematic growth trends and transforming attractive businesses and assets into market leaders. The firm is a committed, responsible investor and aims to create sustainable returns with lasting, positive impact for all its stakeholders. With USD 127 billion in assets under management as of 31 December 2021, Partners Group provides an innovative range of bespoke client solutions to institutional investors, sovereign wealth funds, family offices and private individuals globally. The firm employs more than 1,500 diverse professionals across 20 offices worldwide and has regional headquarters in Baar-Zug, Switzerland; Denver, USA; and Singapore. It has been listed on the SIX Swiss Exchange since 2006 (symbol: PGHN). For more information, please visit www.partnersgroup.com or follow us on LinkedIn or Twitter.

About GivePower

GivePower is a 501(c)(3) nonprofit organization committed to extending the environmental and social benefits of clean, renewable energy around the globe. GivePower uses solar and battery storage technologies to deliver essential services to the developing world, including sustainable access to clean water produced by the organization’s award-winning Solar Water Farms. GivePower has helped bring clean power and clean water to underserved communities in 24 countries across Africa, Asia, North America, and Latin America. Visit GivePower at www.givepower.org. Follow GivePower on Facebook, Instagram, YouTube and Twitter.

Kris Cole
This email address is being protected from spambots. You need JavaScript enabled to view it.
(310) 652-1411