Business Wire News

HOUSTON--(BUSINESS WIRE)--Nine Energy Service, Inc. (NYSE: NINE) (“Nine” or the “Company”) announced today that it received written notice (the “Notice”) from the New York Stock Exchange (the “NYSE”) on January 5, 2022, that the Company is not in compliance with the continued listing standards set forth in Item 802.01B of the NYSE Listed Company Manual because its average global market capitalization over a consecutive 30 trading-day period and last reported stockholders’ equity were both below $50 million.


In accordance with NYSE procedures, the Company has 45 days from its receipt of the Notice to submit a business plan to the NYSE demonstrating how it intends to regain compliance with the NYSE’s continued listing standards within 18 months. The Company intends to develop and submit a business plan within 45 days of receipt of the Notice that demonstrates its ability to regain compliance with the NYSE’s continued listing standards within the required timeframe. The Listings Operations Committee of the NYSE (the “Committee”) will then review the business plan for final disposition.

In the event the Committee accepts the plan, the Company will be subject to quarterly monitoring for compliance with the business plan. In the event the Committee does not accept the business plan, the Company will be subject to delisting procedures and suspension by the NYSE.

The Notice has no immediate impact on the listing of the Company’s common stock, which will continue to trade on the NYSE. In addition, the Notice does not affect the Company’s business operations or its SEC reporting requirements and does not conflict with or cause an event of default under any of the Company’s material debt or other agreements.

About Nine Energy Service

Nine Energy Service is an oilfield services company that offers completion solutions within North America and abroad. The Company brings years of experience with a deep commitment to serving clients with smarter, customized solutions and world-class resources that drive efficiencies. Serving the global oil and gas industry, Nine continues to differentiate itself through superior service quality, wellsite execution and cutting-edge technology. Nine is headquartered in Houston, Texas with operating facilities in the Permian, Eagle Ford, SCOOP/STACK, Niobrara, Barnett, Bakken, Marcellus, Utica and Canada.

For more information on the Company, please visit Nine’s website at nineenergyservice.com.

Forward Looking Statements

The foregoing contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are those that do not state historical facts and are, therefore, inherently subject to risks and uncertainties. Forward-looking statements also include statements that refer to or are based on projections, uncertain events or assumptions. The forward-looking statements included herein, such as those regarding the Company’s plan to regain compliance with NYSE listing standards, are based on current expectations and entail various risks and uncertainties that could cause actual results to differ materially from those forward-looking statements. Such risks and uncertainties include, among other things, the level of capital spending and well completions by the onshore oil and natural gas industry, which has been and may again be affected by the COVID-19 pandemic and related economic repercussions; the ability of the OPEC+ countries to agree on and comply with supply limitations; operational challenges relating to the COVID-19 pandemic and efforts to mitigate the spread of the virus, including logistical challenges, protecting the health and well-being of our employees, remote work arrangements, performance of contracts and supply chain disruptions; pricing pressures, reduced sales, or reduced market share as a result of intense competition in the markets for the Company’s dissolvable plug products; the Company’s ability to implement and commercialize new technologies, services and tools; the Company’s ability to grow its completion tool business; the Company’s ability to manage capital expenditures; the Company’s ability to accurately predict customer demand; the loss of, or interruption or delay in operations by, one or more significant customers; the loss of or interruption in operations of one or more key suppliers; the adequacy of the Company’s capital resources and liquidity; the incurrence of significant costs and liabilities resulting from litigation; the loss of, or inability to attract, key personnel, technical personnel and other skilled and qualified workers; the Company’s ability to successfully integrate recently acquired assets and operations and realize anticipated revenues, cost savings or other benefits thereof; and other factors described in the “Risk Factors” and “Business” sections of the Company’s most recently filed Annual Report on Form 10-K and subsequently filed Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof, and, except as required by law, the Company undertakes no obligation to update those statements or to publicly announce the results of any revisions to any of those statements to reflect future events or developments.


Contacts

Nine Energy Service Investor Contact:
Heather Schmidt
Vice President, Strategic Development, Investor Relations and Marketing
(281) 730-5113
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RICHMOND, Va.--(BUSINESS WIRE)--NewMarket Corporation (NYSE: NEU) announced today it expects to release fourth quarter and full year 2021 earnings at the close of business on Wednesday, February 2, 2022. The earnings announcement will also be available on the Company’s website at www.NewMarket.com the following day. A conference call and Internet webcast is scheduled for 3:00 pm EST on Thursday, February 3, 2022 to review fourth quarter and full year 2021 financial results.

You can access the conference call live by dialing 1-888-506-0062 (domestic) or 1-973-528-0011 (international) and requesting the NewMarket conference call. To avoid delays, callers should dial in five minutes early. A teleconference replay of the call will be available until February 10, 2022 at 3:00 p.m. EST by dialing 1-877-481-4010 (domestic) and 1-919-882-2331 (international). The replay passcode is 44141.

The call will also be broadcast via the Internet and can be accessed through the Company’s website at www.NewMarket.com or https://www.webcaster4.com/Webcast/Page/2001/44141. A webcast replay will be available for 30 days.

NewMarket Corporation through its subsidiaries, Afton Chemical Corporation and Ethyl Corporation, develops, manufactures, blends, and delivers chemical additives that enhance the performance of petroleum products. From custom-formulated additive packages to market-general additives, the NewMarket family of companies provides the world with the technology to make engines run smoother, machines last longer, and fuels burn cleaner.


Contacts

NewMarket Corporation
Investor Relations
Brian D. Paliotti, 804-788-5555
Fax: 804-788-5688
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Ongoing savings from 2018 merger exceed projections, reduce the rate increase request by more than half.

KANSAS CITY, Mo.--(BUSINESS WIRE)--Today Evergy submitted a detailed rate review to the Missouri Public Service Commission (MPSC). The requested rate adjustment reflects investments to improve reliability, enhance customer service and enable the company’s transition to cleaner energy resources.


Missouri law requires Evergy to file a rate review to update rates at least once every four years. If approved, this will be the first base rate increase for Evergy Missouri customers in more than five years. In recent years, Evergy has reduced operating costs and is passing savings on to customers in this rate review at levels greater than projected at the time of the merger. Including the current rate review request, throughout the last decade Evergy Missouri customers have experienced price increases that are well under the average annual rate of inflation for the same time period.

For Evergy Missouri Metro customers, the company is requesting approximately a 5.2% increase to its base rates. For Evergy Missouri West customers, the company is requesting approximately a 3.85% increase in base rates. The prices customers pay for electric service are calculated based on actual costs the company incurs. The filing today begins an 11-month process where regulators and interveners will review, audit and evaluate the request to assure the resulting prices reflect the cost of serving Evergy’s Missouri customers. The process will include public hearings, which are yet to be scheduled. To justify any price increase, Evergy must demonstrate that the costs were warranted and prudent. For more information on Evergy’s service areas, visit https://www.evergy.com/manage-account/rate-information-link/service-areas.

Since Evergy was formed in 2018, reducing operational costs to help fund our investments and make our rates more competitive has been one of our primary goals,” said David Campbell, Evergy president and chief executive officer. “We’ve exceeded our merger savings targets and are passing on those savings to customers as promised. These savings have enabled us to avoid base rate increases for five years. This year we’re asking to adjust our rates to reflect and recover necessary investments we have made to enhance reliability and sustainability and better serve our customers.”

The most significant driver of the rate increase request is focused infrastructure improvement aimed at enhancing reliability. While Evergy has a track record of solid performance, as the electric system ages, modern upgrades are needed to maintain and improve reliability. For example, upgrades in advanced automation technologies will reduce restoration times during outage events, while recent enhancements in data analytics programs allow Evergy to better model potential outage risk areas and target investments and improvements accordingly.

Our customers depend on the constant flow of electricity we provide. In this part of the country, it’s important that we continue to improve the grid, making it stronger and more resilient to limit power outages from severe weather, and be better protected against physical and cyber threats,” Campbell said. “This rate request includes investments to improve reliability, such as replacing aging electrical infrastructure with new technologies that speed restoration by automatically detecting power outages and quickly rerouting power to customers.”

Evergy’s requested rate review also seeks to address customer interest in cleaner energy sources and more choice in electric rate options. Today about half of Evergy’s energy comes from emission-free sources. As Evergy makes the transition to cleaner, more sustainable sources of energy, the company’s focus remains on advancing that transition at the appropriate pace to ensure reliability and affordability. For example, this rate review includes recovery of the costs to retire one of the company's older Missouri coal-fired power plants. In addition, Evergy is also asking to give customers more choices in their electric rates. Building on its successful time of use program, Evergy is seeking to introduce additional rate options, including expanding time of use options and a subscription pricing pilot, pre-payment options and other sustainable rate programs.

The COVID pandemic and resulting economic crisis created an urgent and unprecedented need for assistance. In 2020, Evergy donated $1.8 million for COVID relief efforts at no cost to Evergy’s customers. These donations were directed to 120 local agencies to help with emergency efforts, economic development programs, workforce training, and customer payment assistance. Evergy’s COVID relief effort was in addition to its annual $6.5 million in community support to hundreds of agencies throughout Evergy’s Missouri and Kansas service areas. Evergy’s community support donations are not included in customer rates.

With new COVID federal dollars available for rental and utility assistance, Evergy conducted approximately 500 outreach and social media events in 2020 and 2021 to connect and advise customers with bill assistance applications. Additionally, Evergy launched a one-stop location on its website with all assistance programs, links, helpful hints, and videos. Since 2020, these efforts have helped secure more than $67 million in utility bill payment assistance for Evergy customers.

In addition to the COVID relief efforts, Evergy continued to safely operate its customer walk-in facility, Evergy Connect. With health and safety protocols in place, Evergy provided assistance to customers in need through face-to-face service and virtual consultations. Since 2019, Evergy Connect has provided customized, direct service to more than 27,000 customers, including billing and payment assistance, energy-efficiency and weatherization tools and other resources.

Evergy is also asking the MPSC to continue reflecting fuel and purchased power increases and decreases in its Fuel Adjustment Clause (FAC) on customer bills. The FAC allows Evergy to adjust customers’ bills two times per year, up or down, based on actual costs of fuel and purchased power and is also reset following each rate review. As a result of substantially higher natural gas prices and power costs, Evergy is asking for an additional 0.45% increase for Evergy Missouri Metro customers and 4.46% for Evergy Missouri West customers in this rate review.

About Evergy, Inc.

Evergy, Inc. (NYSE: EVRG) serves approximately 1.6 million customers in Kansas and Missouri. We were formed in 2018 when long-term local energy providers KCP&L and Westar Energy merged. About half our power comes from emission-free sources. We support our local communities where we live and work, and strive to meet the needs of customers through energy savings and innovative solutions.

Forward Looking Statements

Statements made in this document that are not based on historical facts are forward-looking, may involve risks and uncertainties, and are intended to be as of the date when made. Forward-looking statements include, but are not limited to, statements relating to Evergy's strategic plan, including, without limitation, those related to earnings per share, dividend, operating and maintenance expense and capital investment goals; the outcome of legislative efforts and regulatory and legal proceedings; future energy demand; future power prices; plans with respect to existing and potential future generation resources; the availability and cost of generation resources and energy storage; target emissions reductions; and other matters relating to expected financial performance or affecting future operations. Forward-looking statements are often accompanied by forward-looking words such as “anticipates,” “believes,” “expects,” “estimates,” “forecasts,” “should,” “could,” “may,” “seeks,” “intends,” “proposed,” “projects,” “planned,” “target,” “outlook,” “remain confident,” “goal,” “will” or other words of similar meaning. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results to differ materially from the forward-looking information.

In connection with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Evergy, Inc., Evergy Kansas Central, Inc. and Evergy Metro, Inc. (collectively, the Evergy Companies) are providing a number of risks, uncertainties and other factors that could cause actual results to differ from the forward-looking information. These risks, uncertainties and other factors include, but are not limited to: economic and weather conditions and any impact on sales, prices and costs; changes in business strategy or operations; the impact of federal, state and local political, legislative, judicial and regulatory actions or developments, including deregulation, re-regulation, securitization and restructuring of the electric utility industry; decisions of regulators regarding, among other things, customer rates and the prudency of operational decisions such as capital expenditures and asset retirements; changes in applicable laws, regulations, rules, principles or practices, or the interpretations thereof, governing tax, accounting and environmental matters, including air and water quality and waste management and disposal; the impact of climate change, including increased frequency and severity of significant weather events and the extent to which counterparties are willing to do business with, finance the operations of or purchase energy from the Evergy Companies due to the fact that the Evergy Companies operate coal-fired generation; prices and availability of electricity in wholesale markets; market perception of the energy industry and the Evergy Companies; the impact of the Coronavirus (COVID-19) pandemic on, among other things, sales, results of operations, financial condition, liquidity and cash flows, and also on operational issues, such as the availability and ability of the Evergy Companies’ employees and suppliers to perform the functions that are necessary to operate the Evergy Companies; changes in the energy trading markets in which the Evergy Companies participate, including retroactive repricing of transactions by regional transmission organizations (RTO) and independent system operators; financial market conditions and performance, including changes in interest rates and credit spreads and in availability and cost of capital and the effects on derivatives and hedges, nuclear decommissioning trust and pension plan assets and costs; impairments of long-lived assets or goodwill; credit ratings; inflation rates; the transition to a replacement for the London Interbank Offered Rate (LIBOR) benchmark interest rate; effectiveness of risk management policies and procedures and the ability of counterparties to satisfy their contractual commitments; impact of physical and cybersecurity breaches, criminal activity, terrorist attacks and other disruptions to the Evergy Companies’ facilities or information technology infrastructure or the facilities and infrastructure of third-party service providers on which the Evergy Companies rely; ability to carry out marketing and sales plans; cost, availability, quality and timely provision of equipment, supplies, labor and fuel; ability to achieve generation goals and the occurrence and duration of planned and unplanned generation outages; delays and cost increases of generation, transmission, distribution or other projects; the Evergy Companies’ ability to manage their transmission and distribution development plans and transmission joint ventures; the inherent risks associated with the ownership and operation of a nuclear facility, including environmental, health, safety, regulatory and financial risks; workforce risks, including those related to the Evergy Companies’ ability to attract and retain qualified personnel, maintain satisfactory relationships with their labor unions and manage costs of, or changes in, retirement, health care and other benefits; disruption, costs and uncertainties caused by or related to the actions of individuals or entities, such as activist shareholders or special interest groups, that seek to influence Evergy’s strategic plan, financial results or operations; the possibility that strategic initiatives, including mergers, acquisitions and divestitures, and long-term financial plans, may not create the value that they are expected to achieve in a timely manner or at all; difficulties in maintaining relationships with customers, employees, regulators or suppliers; and other risks and uncertainties.

This list of factors is not all-inclusive because it is not possible to predict all factors. You should also carefully consider the information contained in our other filings with the Securities and Exchange Commission (SEC). Additional risks and uncertainties are discussed in the Annual Report on Form 10-K for the year ended December 31, 2020 filed by the Evergy Companies with the SEC, and from time to time in current reports on Form 8-K and quarterly reports on Form 10-Q filed by the Evergy Companies with the SEC. Each forward-looking statement speaks only as of the date of the particular statement. The Evergy Companies undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.


Contacts

Media Contact:
Gina Penzig
Manager, External Communications
Phone: 785-508-2410
This email address is being protected from spambots. You need JavaScript enabled to view it.
Media line: 888-613-0003

Investor Contact:
Cody VandeVelde
Director, Investor Relations
Phone: 785-575-8227
This email address is being protected from spambots. You need JavaScript enabled to view it.

HOUSTON--(BUSINESS WIRE)--BP Prudhoe Bay Royalty Trust (NYSE: BPT) announces that unitholders will receive a dividend for the quarter ended December 31, 2021. The dividend information is as follows:

Ex-Dividend Date:

January 14, 2022

Record Date:

January 18, 2022

Payable Date:

January 19, 2022

Dividend Rate:

$0.5811729 per Unit

As provided in the Trust Agreement, the quarterly royalty payment by Hilcorp North Slope, LLC to the Trust is the sum of the individual revenues attributed to the Trust as calculated each day during the quarter. The amount of revenue is determined by multiplying Royalty Production for each day in the calendar quarter by the Per Barrel Royalty for that day. Pursuant to the Trust Agreement, the Per Barrel Royalty for any day is the WTI Price for the day less the sum of (i) Chargeable Costs multiplied by the Cost Adjustment Factor and (ii) Production Taxes.

For the three months ended December 31, 2021 the Per Barrel Royalty was calculated based on the following information:

Average WTI Price

$76.91

Average Adjusted Chargeable Costs

$62.60

Average Production Taxes

$2.73

Average Per Barrel Royalty

$11.57

Average Net Production (mb/d)

71.4

The average daily closing WTI price was above the “break-even” price for the quarter, resulting in a quarterly payment with respect to the Royalty Interest of $12,801,452 to the Trust, after the addition of $333,880 representing an underpayment to the Trust for quarter ended September 30, 2021. In accordance with the Trust Agreement, the Trustee will pay all accrued expenses of the Trust, then distribute the excess, if any, of the cash received by the Trust over the Trust’s expenses to unit holders. After paying the Trust’s expenses accrued through December 31, 2021, $12,437,101 is available for distribution to unitholders.

FORWARD LOOKING STATEMENTS

This press release contains 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. Forward-looking statements in this press release are subject to a number of risks and uncertainties beyond the control of the Trustee. The actual results, performance and prospects of the Trust could differ materially from those expressed or implied by forward-looking statements. Descriptions of some of the risks that could affect the future performance of the Trust appear in the Trust’s Annual Report on Form 10-K for the year ended December 31, 2019, the Trust’s subsequent Quarterly Reports on Form 10-Q, and the Trust’s other filings with the Securities and Exchange Commission. The Trust’s annual, quarterly and other filed reports are or will be available over the Internet at the SEC’s website at http://www.sec.gov. Neither the Trust nor the Trustee intends, and neither assumes any obligation, to update any of the statements included in this press release.


Contacts

Elaina Rodgers
The Bank of New York Mellon Trust Company, N.A.
713-483-6020

DUBLIN--(BUSINESS WIRE)--The "Airport and Marine Port Security Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2027" report has been added to ResearchAndMarkets.com's offering.


The report predicts the global airport and marine port security market to grow with a CAGR of 8.7% over the forecast period from 2021-2027.

The report on the global airport and marine port security market provides qualitative and quantitative analysis for the period from 2019 to 2027.The study on airport and marine port security market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and RoW for the period of 2019 to 2027.

The report on airport and marine port security market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global airport and marine port security market over the period of 2019 to 2027. Moreover, the report is a collective presentation of primary and secondary research findings.

Porter's five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global airport and marine port security market over the period of 2019 to 2027. Further, Growth Matrix gave in the report brings an insight into the investment areas that existing or new market players can consider.

What does this Report Deliver?

  • Comprehensive analysis of the global as well as regional markets of the airport and marine port security market.
  • Complete coverage of all the segments in the airport and marine port security market to analyze the trends, developments in the global market and forecast of market size up to 2027.
  • Comprehensive analysis of the companies operating in the global airport and marine port security market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
  • Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.

Company Profiles

  • Cisco Systems, Inc.
  • Smiths Detection
  • Moran Shipping Agencies Inc.
  • Northrop Grumman Corporation
  • BAE Systems
  • Flir Systems Inc.
  • Tyco International Ltd.
  • L-3 Communications Holdings Inc.
  • Honeywell International Inc.
  • Raytheon

Report Findings

1) Drivers

  • Increasing investment in airport and marine port construction drives the market growth
  • Internal and external threats boost the market growth

2) Restraints

  • Growing sophistication of threats may hinder the market growth

3) Opportunities

  • Rising need for an integrated security infrastructure provide growth opportunities

Segment Covered

The global airport and marine port security market is segmented on the basis of infrastructure, technology, and services.

The Global Airport and Marine Port Security Market by Infrastructure

  • Airport
  • Marine Port

The Global Airport and Marine Port Security Market by Technology

  • Surveillance Systems
  • Physical Access Control Systems
  • Screening and Scanning Systems
  • Perimeter Intrusion Detection System
  • Network Access Control and Security
  • Real-time Location Systems

The Global Airport and Marine Port Security Market by Services

  • Facility and Asset Management
  • System Integration
  • Training and Consulting

For more information about this report visit https://www.researchandmarkets.com/r/oqn91o


Contacts

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

SANTA CLARITA, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) announced today that it will host its fourth quarter and full year 2021 financial results conference call on Thursday, February 24th at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time). The Company’s earnings will be released before market open on the same date.


We encourage participants to pre-register for the conference call using the following link https://dpregister.com/sreg/10162383/f019f7b40d. Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operator. Participants may pre-register at any time, including up to and after the call start time.

To participate in CRC’s conference call, either dial (877) 328-5505 (International callers please dial +1-412-317-5421) or access the webcast at www.crc.com. A digital replay of the conference call will be archived for approximately 90 days and available on the Investor Relations page at www.crc.com.

About California Resources Corporation (CRC)

California Resources Corporation (CRC) is an independent oil and natural gas company committed to energy transition in the sector. CRC has some of the lowest carbon intensity production in the US and we are focused on maximizing the value of our land, mineral and technical resources for decarbonization by developing Carbon Capture and Storage (CCS) and other emissions reducing projects.


Contacts

Joanna Park (Investor Relations)
818-661-3731
This email address is being protected from spambots. You need JavaScript enabled to view it.

Richard Venn (Media)
818-661-6014
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DUBLIN--(BUSINESS WIRE)--The "Offshore Wind Transmission Report" report has been added to ResearchAndMarkets.com's offering.


Global Transmission Research Report analyses the market size and opportunity for offshore wind transmission across the globe.

The report provides an overview of the recent policy developments and mandates for offshore wind development, examine the costs and present the various models and technology options for developing offshore wind transmission infrastructure. It provides information on existing and planned offshore transmission projects and on the key technology players in the industry.

Driven by the common goal of achieving low-carbon economies, governments across the globe have set ambitious targets for offshore wind energy. Established markets such the UK, Germany and China have further expanded their offshore wind goals.

New markets such as the US and Japan have launched supportive policy frameworks and funding programmes to accelerate the development of their offshore wind industries. Countries such as Australia, Vietnam and Greece are also keen to capture offshore wind opportunities.

However, the challenge of developing an adequate and robust offshore grid infrastructure still remains. Offshore wind integration and transmission needs have taken a center stage. New technologies and innovative solutions for interconnections have been proposed as projects become larger and complex.

Key Topics Covered:

PART 1: EXECUTIVE SUMMARY

PART 2: GLOBAL OFFSHORE WIND TRANSMISSION SECTOR

2.1 Offshore wind developments

  • Overview
  • Key growth drivers
  • Cost competitiveness of offshore wind
  • Offshore wind's promising attributes
  • Targets and mandates for offshore wind
  • Policy and regulatory developments
  • Americas
  • Europe
  • Asia Pacific

2.2 Market size and opportunity

  • Existing offshore wind capacity and export cable length
  • Projected offshore wind capacity and export cable length
  • OSW export cables - top markets by 2030

2.3 Offshore transmission development routes

  • Offshore wind transmission development routes
  • TSO-owned offshore transmission development
  • Generator-owned links
  • Generator-owned offshore links
  • Offshore transmission operator (OFTO) model
  • Competitive solicitation of offshore wind transmission
  • Independent/merchant offshore wind transmission
  • Comparison of key features of these models
  • Offshore transmission components - who builds what?

2.4 Offshore wind transmission costs and investments

  • Offshore wind project - transmission capex
  • Cost breakdown for fixed and floating projects
  • Key factors affecting OSW transmission capex
  • Cost trends - cables and transformers
  • OSW transmission investment by
  • OSW transmission investment in key markets

2.5 Financing offshore wind

  • Conventional financing options and investor interest
  • Contractual structure of an OSW project
  • Emerging financing options
  • Key issues and challenges

2.6 Offshore wind transmission technology

  • Offshore transmission solutions
  • Subsea cables
  • Offshore substations
  • Structures and foundations
  • Construction, installation and monitoring solutions
  • Transmission for floating offshore wind

2.7 Regional offshore initiatives

  • North Sea Wind Power Hub (NSWPH)
  • Danish Energy Hub
  • Artificial Island (North Sea)
  • Bornholm Island (Baltic Sea)
  • Baltic Offshore Grid Initiative MoU
  • Baltic Offshore Grid (BOG 2050)
  • Offshore grid potential in the Mediterranean region
  • Eurobar
  • EU Promotion project

2.8 Key technology players

  • Offshore cables
  • Offshore transformers/substations
  • Offshore structures
  • Other key players
  • Offshore wind projects
  • USA
  • Rest of Americas
  • Asia Pacific
  • Europe

PART 3: COUNTRY PROFILES

  • Industry structure
  • Recent policy and regulatory developments
  • Existing offshore wind generation and transmission capacity
  • Planned or proposed offshore wind generation and transmission capacity
  • Existing OWT projects (developer, capacity, technology, investment and key contractors)
  • Upcoming and planned OWT projects (developer, capacity, technology, expected investment and key contractors)

PART 4: APPENDIX

For more information about this report visit https://www.researchandmarkets.com/r/qzcy7k


Contacts

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

DALLAS--(BUSINESS WIRE)--Atmos Energy Corporation (NYSE: ATO) will host a conference call on Wednesday, February 9, at 9 a.m. Eastern to review the company’s Fiscal 2022 first quarter financial results. Atmos Energy will release these results on Tuesday, February 8, following the market close.


To listen to the conference call, please dial either the toll-free or international number provided below. You may also listen to the call on the Atmos Energy website at www.atmosenergy.com. The Internet broadcast will be archived for 30 days.

Conference Call Details

February 9, 2022

9:00 a.m. Eastern / 8:00 a.m. Central

Toll-free: 877-407-3088

International: 201-389-0927

(No pass code)

Internet webcast: www.atmosenergy.com

Atmos Energy Corporation, an S&P 500 company headquartered in Dallas, is the country’s largest natural gas-only distributor. We safely deliver reliable, affordable, efficient and abundant natural gas to more than 3 million distribution customers in over 1,400 communities across eight states located primarily in the South. As part of our vision to be the safest provider of natural gas services, we are modernizing our business and infrastructure while continuing to invest in safety, innovation, environmental sustainability and our communities. Atmos Energy manages proprietary pipeline and storage assets, including one of the largest intrastate natural gas pipeline systems in Texas. Find us online at http://www.atmosenergy.com, Facebook, Twitter, Instagram and YouTube.


Contacts

Analyst and Media Contact:
Dan Meziere
(972) 855-3729

Post-separation, the new Constellation board will consist of experienced business leaders from a wide range of industries and diverse backgrounds

CHICAGO--(BUSINESS WIRE)--Exelon Corp. (Nasdaq: EXC) today announced Constellation’s Board of Directors following the company’s separation from Exelon. The transaction, which has received all regulatory approvals and is expected to close on February 1, will create two independent, publicly traded companies: Constellation, the nation’s largest provider of carbon-free energy and a leading competitive provider of energy products and services; and Exelon, a transmission and distribution-only utility business with industry-leading scale serving more than 10 million customers. Constellation’s shares will begin trading February 2 under the ticker CEG.


“This incredibly talented slate of directors has a track record of business success and the breadth of leadership experience we need in finance, technology, operations and innovation to inform our strategy as we begin this exciting new chapter for Constellation,” said Robert Lawless, a current Exelon board member who will become chair of the Constellation board upon separation. “Just as importantly, they share our vision for a clean energy future and our commitment to investing in our communities, advancing workforce development and valuing diversity, equity and inclusion in everything we do.”

Pending completion of the separation, the following individuals will join Constellation’s new board:

Joseph Dominguez, incoming CEO

Dominguez is the current CEO of Exelon Generation and will become president and CEO of Constellation following the company’s separation from Exelon. Prior to his current role, Dominguez served as CEO of ComEd, an Exelon utility that serves 4 million residential and business customers, or 70 percent of Illinois’ population. Prior to joining ComEd, he served as executive vice president of governmental and regulatory affairs and public policy for Exelon, where he oversaw the development and implementation of federal, state and regional governmental, regulatory and public policy strategies. Prior to joining Exelon, Dominguez was a partner in the law firm of White and Williams, LLP, and also served as a former assistant U.S. Attorney, Eastern District of Pennsylvania. He serves on several boards and councils, including Hispanics in Energy, the United Way, the Adler Planetarium and the Lyric Opera House.

Bradley M. Halverson

Halverson served from 2013 to 2018 as group president and CFO of Caterpillar, a Fortune 100 manufacturer of construction and mining equipment, diesel and gas engines, turbines and locomotives. Prior to that, he held a succession of roles of increasing responsibility at Caterpillar, including vice president, Financial Services (2010-2013); corporate controller, Global Finance & Strategic Services (2004-2010); and corporate business development manager, Corporate Services (2002-2004), among others since joining the company in 1988. He currently serves on the board of directors for Lear Corporation and Sysco Corporation. In addition, he served as a director for Custom Truck One Source from 2018-2021.

Charles L. Harrington

Harrington is the current chairman and former CEO of Parsons Corp., a disruptive technology provider in the global defense, intelligence and critical infrastructure markets worldwide. He served as chairman and chief executive officer of the company from 2008 to 2021, following previous roles as executive vice president, chief financial officer and treasurer (2006-2008); president, Commercial Technology Group (2003-2006); and president, Communications Technology Group (1999-2002), among others. In addition to serving as chairman of Parsons, Harrington serves as a board member for J.G. Boswell Company and Cal Poly Foundation. He also served on the board of The AES Corporation from 2013 to 2020.

Rhonda S. Ferguson

Ferguson serves as executive vice president, Chief Legal Officer, general counsel and secretary for Fortune 100 company Allstate Corporation. She joined the company as executive vice president and general counsel in 2020 before assuming her current role in 2021. Prior to joining Allstate, Ferguson served as executive vice president, Chief Legal Officer and corporate secretary for Union Pacific Corporation from 2016 through 2020. She held the role of vice president, corporate secretary and Chief Ethics Officer for First Energy Corporation from 2007 through 2016. Previously, Ferguson served as assistant general counsel and assistant corporate secretary for Ferro Corporation from 2003 through 2007. She joined Baker & Hostetler LLP as an associate in 1997 and served as a partner from 2002 until her departure in 2003. Ferguson began her career as an associate with Thompson Hine LLC from 1994 through 1997. Ferguson also currently serves on the boards for the RAND Institute for Civil Justice and Girls Inc. of Chicago.

Julie Holzrichter

Holzrichter is chief operating officer of CME Group, the world’s leading derivatives marketplace. Prior to being appointed to her current role in 2014, Holzrichter held a succession of roles of increasing responsibility, including senior managing director of Global Operations from 2012 to 2014; managing director, Global Operations, from 2007 to 2012; and director, Operations, from 2006-2007, among others. She has led the integration of global operations for a number of multi-billion-dollar mergers and acquisitions throughout her tenure. Holzrichter serves on the board of the National Futures Association and is a member of the Futures Industry Association, ChicagoFirst and the CME Group Women’s Initiative Network. She previously served on DePaul University’s Finance Advisory Board and DePaul’s Center for Risk Management Advisory Board. She was named as one of Crain’s Notable Women in Finance in 2019, one of the Illinois Diversity Council’s Most Powerful and Influential Women in 2016, and was recognized as DePaul’s Financial Woman of the Year in 2015.

Ashish K. Khandpur

Khandpur is president of the $10 billion Transportation & Electronics business group for 3M, a Fortune 100 multinational corporation operating in the fields of transportation, electronics, worker safety, health care, consumer goods and industry. During his 26-year career with 3M, he has held a series of roles with increasing responsibility, including executive vice president, Transportation & Electronics business group, from 2019 to 2021; executive vice president, Electronics & Energy business group, from 2017 to 2019; senior vice president, Research & Development and Chief Technology Officer, from 2014 to 2017, among other roles. Khandpur is a member of the Dean’s Advisory Board, College of Science and Engineering, for the University of Minnesota and, until recently, served as a trustee for the University of St. Thomas from 2017 to 2021. He also served as a director for the 3M Foundation from 2012 to 2017 and prior to that was a director for 3M India in 2014.

The following Exelon board members will transition to Constellation’s board following separation:

Robert J. Lawless (Chairman)

Lawless served as board chair of spice maker McCormick & Company Inc. from January 1997 until March 2009, having also served as the company’s president until December 2006 and chief executive officer until January 2008. Lawless previously served as a director with Constellation Energy Group from 2002 until 2012, when the company merged with Exelon. He also currently serves as a director for various nonprofit organizations, including Operation Walk Canada and Teen Challenge Canada. Following separation, he will serve as chairman of the new Constellation board.

Laurie Brlas

Brlas most recently served as executive vice president and chief financial officer of Newmont Mining Corporation, a leading gold and copper producer with U.S. and international operations, until 2016. From 2006 to 2013, she served in a succession of senior leadership positions at iron ore producer Cleveland-Cliffs, Inc., most recently as executive vice president and president, Global Operations. Brlas currently serves on the boards of Albermarle Corporation, a global chemical manufacturer; Graphic Packaging, which specializes in the design and manufacturing of packaging for commercial products; and Autoliv, Inc., an automotive safety supplier. She has been an independent Exelon board member since 2018.

Yves C. de Balmann

An independent Exelon board member since 2012, de Balmann previously served as co-chairman of Bregal Investments LP, a private equity investing firm, from 2002 to 2012. Prior to that, he was vice-chairman of Bankers Trust Corporation, in charge of Global Investment Banking until its merger with Deutsche Bank in 1999. Following the merger, he became co-head of Deutsche Bank’s Global Investment Bank and co-chief executive officer of Deutsche Banc Alex.Brown from 2001 to 2003. He currently serves as a director of ESI Group, a virtual prototyping software company that is listed in compartment B of Euronext Paris. He also previously served as a director of Laureate Education Inc. and as the non-executive chairman of Conversant Intellectual Property Management.

Admiral John M. Richardson

Admiral Richardson served 37 years in the U.S. Navy, completing his service as the Chief of Naval Operations (CNO), the top officer in the Navy. While in the Navy, Richardson served in the submarine force and commanded the attack submarine USS HONOLULU in Pearl Harbor, Hawaii, for which he was awarded the Vice Admiral James Bond Stockdale Inspirational Leadership Award. He went on to command at every level of the Navy. Richardson served as the Director of Naval Reactors from 2012 until 2015, with responsibility for the full lifecycle, including regulatory responsibilities, of more than 90 reactors operating around the world on nuclear-powered warships. After Naval Reactors, he served as the 31st Chief of Naval Operations, the senior officer in the Navy, from 2015 until August 2019. Richardson retired from the Navy in August 2019. Since leaving the Navy, Richardson has joined the Board of Directors for Exelon, The Boeing Company and BWX Technologies. He also serves on the Boards of the Woods Hole Oceanographic Institution, the Center for New American Security, and the Navy League of the United States.

Full bios of each board member can be found here.

About Exelon

Exelon Corporation (Nasdaq: EXC) is a Fortune 100 energy company with the largest number of electricity and natural gas customers in the U.S. Exelon does business in 48 states, the District of Columbia and Canada and had 2020 revenue of $33 billion. Exelon serves approximately 10 million customers in Delaware, the District of Columbia, Illinois, Maryland, New Jersey and Pennsylvania through its Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO and Pepco subsidiaries. Exelon is one of the largest competitive U.S. power generators, with more than 31,000 megawatts of nuclear, gas, wind, solar and hydroelectric generating capacity comprising one of the nation’s cleanest and lowest-cost power generation fleets. The company’s Constellation business unit provides energy products and services to approximately 2 million residential, public sector and business customers, including three fourths of the Fortune 100. Follow Exelon on Twitter @Exelon.


Contacts

Emily Duncan
Investor Relations
312-394-2345

Paul Adams
Corporate Communications
410-470-4167
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WASHINGTON--(BUSINESS WIRE)--C5 Acquisition Corporation (the “Company”), a special purpose acquisition company, announced the pricing of its initial public offering (“IPO”) of 25,000,000 units at a price of $10.00 per unit. The units will be listed on the New York Stock Exchange (“NYSE”) and will trade under the ticker symbol “CXAC.U” beginning January 7, 2022.


The Company is led by CEO Robert Meyerson, former president of Blue Origin. Steve Demetriou, Chair and CEO of Jacobs Engineering (NYSE:J), will be the company’s Non-Executive Chair of the Board of Directors. The Company is a newly organized blank check company incorporated as a Delaware corporation for the purpose of effecting a merger, consolidation, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or companies. While the Company may pursue an initial business combination with any company in any industry, the Company intends to focus on businesses at the leading edge of national security innovation in three key sectors: Space, Cybersecurity and Energy Transition.

Each unit consists of one share of Class A common stock of the Company and one-half of one redeemable public warrant. Each whole public warrant entitles the holder thereof to purchase one share of Class A common stock of the Company at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the shares of Class A common stock and public warrants are expected to be listed on NYSE under the symbols “CXAC” and “CXAC WS,” respectively.

Cantor Fitzgerald & Co. and Moelis & Company LLC are acting as the joint book-running managers of the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 3,750,000 units at the initial public offering price to cover over-allotments, if any. The offering is expected to close on January 11, 2022, subject to customary closing conditions.

A registration statement relating to the securities was declared effective by the Securities and Exchange Commission on January 6, 2022. The offering was made only by means of a prospectus, copies of which may be obtained by contacting Cantor Fitzgerald & Co., Attention Capital Markets, c/o Cantor Fitzgerald & Co., 499 Park Avenue, 5th Floor, New York, NY 10022, or by e-mail at This email address is being protected from spambots. You need JavaScript enabled to view it..

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements,” including with respect to the Company’s initial public offering and the anticipated use of the net proceeds of such offering. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, risks and changes in circumstances, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the Company’s initial public offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.


Contacts

David Glickman
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LUGANO, Switzerland & WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Energy Vault, Inc. (“Energy Vault”), the company developing sustainable, grid-scale energy storage solutions with its proprietary technology, today announced that CEO and Co-Founder, Robert Piconi, will present at the 24th Annual Needham Growth Conference. The presentation will take place on Thursday, January 13, 2022 at 5:00 pm ET. A webcast of the event will be available at https://wsw.com/webcast/needham116/register.aspx?conf=needham116&page=envl&url=https://wsw.com/webcast/needham116/envl/2261138.

Energy Vault has previously announced that it entered in a business combination agreement with Novus Capital Corporation II (NYSE: NXU, NXU.U, NXU WS), (“Novus”), a special purpose acquisition company (SPAC), pursuant to which Energy Vault will combine with Novus.

About Energy Vault

Energy Vault develops sustainable, grid-scale energy storage solutions designed to advance the transition to a carbon free, resilient power grid. Energy Vault’s mission is to accelerate the decarbonization of our economy through the development of sustainable and economical energy storage technologies. To achieve this, Energy Vault has designed the EVx and the Energy Vault Resiliency Center (EVRC) platforms, advanced gravity energy storage solutions that are intended to minimize environmental and supply chain risks. Energy Vault’s gravity-based solutions are based on the proven physics and mechanical engineering fundamentals of pumped hydroelectric energy storage, but replace water with custom-made composite blocks, or “mobile masses”, which do not lose storage capacity over time, and that can be made from low-cost and locally sourced materials, including local soil, mine tailings, coal combustion residuals (coal ash), and fiberglass from decommissioned wind turbine blades. Combining potential and kinetic energy cycles, Energy Vault’s systems are automated with advanced computer control and machine vision software to create a gravity energy-storage innovation designed to meet the market demand for storage duration from 2 to 12 hours. Energy Vault has offices in Westlake Village, California and Lugano, Switzerland, with the Switzerland office serving as Energy Vault’s international headquarters.

About Novus Capital Corporation II

Novus raised approximately $287.5 million in its February 2021 IPO and its securities are listed on the NYSE under the ticker symbols “NYSE: NXU, NXU.U, NXU WS.” Novus is a special purpose acquisition company organized for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. Novus Capital is led by Robert J. Laikin, Jeff Foster, Hersch Klaff, Larry Paulson, Heather Goodman, Ron Sznaider and Vince Donargo, who have significant hands-on experience helping high-tech companies optimize their existing and new growth initiatives by exploiting insights from rich data assets and intellectual property that already exist within most high-tech companies.

Forward-Looking Statements

Certain statements included in this press release that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” “designed,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of financial and performance metrics, projections of market opportunity, expectations and timing related to the rollout of Energy Vault’s business and timing of deployments, the proposed features and designs of the EVx and the Energy Vault Resiliency Center (EVRC) platforms, the availability of low-cost and locally sourced materials to produce “mobile masses,” customer growth and other business milestones, potential benefits of the proposed business combination and PIPE investment (the “Proposed Transactions”), and expectations related to the timing of the Proposed Transactions.

These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Energy Vault’s and Novus’ management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by an investor as, a guarantee, an assurance, a prediction, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Energy Vault and Novus.

These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political, and legal conditions; the inability of the parties to successfully or timely consummate the Proposed Transactions, including the risk that any regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the Proposed Transactions or that the approval of the stockholders of Novus or Energy Vault is not obtained; failure to realize the anticipated benefits of the Proposed Transactions; risks relating to the uncertainty of the projected financial information with respect to Energy Vault; risks related to the rollout of Energy Vault’s business and the timing of expected business milestones; demand for renewable energy; ability to commercialize and sell its solution; ability to negotiate definitive contractual arrangements with potential customers; the impact of competitive technologies; ability to obtain sufficient supply of materials; the impact of Covid-19; global economic conditions; ability to meet installation schedules; the effects of competition on Energy Vault’s future business; the amount of redemption requests made by Novus’ public shareholders; and those factors discussed in the Registration Statement and in Novus’ Registration Statement on Form S-4 relating to the business combination under the caption “Risk Factors”, and its Annual Report on Form 10-K for the fiscal year ended December 31, 2020 under the heading “Risk Factors,” and other documents of Novus filed, or to be filed, with the SEC.

Important Information About the Proposed Business Combination and Where to Find It

This communication is being made in respect of the proposed merger transaction involving Novus and Energy Vault. Novus has filed a registration statement on Form S-4 with the SEC, which includes a preliminary proxy statement/prospectus of Novus, and certain related documents, to be used at the meeting of stockholders to approve the proposed business combination and related matters. Investors and security holders of Novus are urged to read the proxy statement/prospectus, as well as any amendments thereto and other relevant documents that will be filed with the SEC, carefully and in their entirety because they contain important information about Energy Vault, Novus and the business combination. The definitive proxy statement will be mailed to stockholders of Novus as of a record date to be established for voting on the proposed business combination. Investors and security holders will also be able to obtain copies of the registration statement and other documents containing important information about each of the companies once such documents are filed with the SEC, without charge, at the SEC’s web site at www.sec.gov. The information contained on, or that may be accessed through, the websites referenced in this press release is not incorporated by reference into, and is not a part of, this press release.

Participants in the Solicitation

Novus and its directors and executive officers may be deemed participants in the solicitation of proxies of Novus’ shareholders in connection with the proposed business combination. Energy Vault and its executive officers and directors may also be deemed participants in such solicitation. Security holders may obtain more detailed information regarding the names, affiliations and interests of certain of Novus’ executive officers and directors in the solicitation by reading Novus’ Annual Report on Form 10-K for the fiscal year ended December 31, 2020, Quarterly Report on Form 10-Q for the six months ended June 30, 2021 and the proxy statement/prospectus and other relevant documents and other materials filed with the SEC in connection with the business combination when they become available. Information concerning the interests of Novus’ participants in the solicitation, which may, in some cases, be different than those of their stockholders generally, will be set forth in the proxy statement/prospectus relating to the business combination when it becomes available.

No Offer or Solicitation

This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of any securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such other jurisdiction.


Contacts

Investors
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Media
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DALLAS--(BUSINESS WIRE)--Primoris Services Corporation (NASDAQ Global Select: PRIM) (“Primoris” or the “Company”) today announced that Tom McCormick, President and Chief Executive Officer, and Ken Dodgen, Chief Financial Officer, will participate in investor meetings and a fireside chat at the Sidoti & Company, LLC 2022 Winter Virtual Investor Conference on Wednesday, January 19, 2022. The fireside chat is scheduled for 9:30 a.m. Central Time (10:30 a.m. Eastern Time) that same day.


A copy of the Company’s presentation will be posted to the Company’s Investor Relations section of its website, www.primoriscorp.com, before the opening of trading on the NASDAQ on the same day.

About Primoris

Primoris Services Corporation is a leading provider of specialty contracting and critical infrastructure services to the utility, energy/renewables and pipeline services markets throughout the United States and Canada. The Company supports a diversified base of blue-chip customers with engineering, procurement, construction and maintenance services. A focus on multi-year master service agreements and an expanded presence in higher-margin, higher-growth markets such as utility-scale solar facility installations, renewable fuels, electrical transmission and distribution systems and communications infrastructure have also increased the Company’s potential for long-term growth. Additional information on Primoris is available at www.primoriscorp.com.


Contacts

Brook Wootton
Vice President, Investor Relations
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NEWBURY PARK, Calif.--(BUSINESS WIRE)--Kolibri Global Energy Inc. (the “Company” or “KEI”) (TSX: KEI, OTCQB: KGEIF), is pleased to announce that its indirect wholly-owned subsidiary BNK Petroleum (US) Inc. (“BNK US”) has commenced drilling the Barnes 7-3H well in its Tishomingo field in Oklahoma.


The drilling of the Barnes 7-3H well is expected to take less than 30 days. The rig will then move to the Barnes 8-1H well to immediately begin drilling as the location is already built. The fracture stimulation of the Barnes 7-3H well is currently being scheduled.

Wolf Regener, President and CEO commented. “We are very pleased with our successful Rights offering that allowed us to drill these 2 wells and appreciate that we have the support and confidence of our shareholders.

Both of these well locations are in the heart of our field, where our best performing wells are located. By incorporating all the knowledge learned from our previous wells we are hoping that these wells will meet or even exceed our type-curve expectations which would significantly increase the Company’s cash flow at current prices and add incremental value to the shareholders.”

About Kolibri Global Energy Inc.

Kolibri Global Energy Inc. is an international energy company focused on finding and exploiting energy projects in oil, gas, and clean and sustainable energy. Through various subsidiaries, the Company owns and operates energy properties in the United States. The Company continues to utilize its technical and operational expertise to identify and acquire additional projects. The Company's shares are traded on the Toronto Stock Exchange under the stock symbol KEI and on the OTCQB under the stock symbol KGEIF.

Caution Regarding Forward-Looking Information

Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws and “forward-looking statements” within the meaning of United States securities laws, including statements regarding the planned drilling and the potential results thereof. Forward-looking information and statements are based on plans and estimates of management and interpretations of data by the Company's technical team at the date the data is provided and is subject to several factors and assumptions of management, including that indications of early results are reasonably accurate predictors of the prospectiveness of the shale intervals, that required regulatory approvals will be available when required, that no unforeseen delays, unexpected geological or other effects, including flooding and extended interruptions due to inclement or hazardous weather conditions, equipment failures, permitting delays or labor or contract disputes are encountered, that the necessary labor and equipment will be obtained, that the development plans of the Company and its co-venturers will not change, that the offset operator’s operations will proceed as expected by management, that the demand for oil and gas will be sustained, that the Company will continue to be able to access sufficient capital through financings, farm-ins or other participation arrangements to maintain its projects, and that global economic conditions will not deteriorate in a manner that has an adverse impact on the Company's business, its ability to advance its business strategy and the industry as a whole. Forward-looking information and statements are subject to a variety of risks and uncertainties and other factors that could cause plans, estimates, and actual results to vary materially from those projected in such forward-looking information and statements. Factors that could cause the forward-looking information and statements in this news release to change or to be inaccurate include, but are not limited to, the risk that any of the assumptions on which such forward looking information and statements are based vary or prove to be invalid, including that the Company or its subsidiaries is not able for any reason to obtain and provide the information necessary to secure required approvals or that required regulatory approvals are otherwise not available when required, that unexpected geological results are encountered, that equipment failures, permitting delays labor or contract disputes or shortages of equipment or labor are encountered, the risks associated with the oil and gas industry (e.g. operational risks in development, exploration and production; delays or changes in plans with respect to exploration and development projects or capital expenditures; the uncertainty of reserve and resource estimates and projections relating to production, costs and expenses, and health, safety and environmental risks, including flooding and extended interruptions due to inclement or hazardous weather conditions), the risk of commodity price and foreign exchange rate fluctuations, that the offset operator’s operations have unexpected adverse effects on the Company’s operations, that completion techniques require further optimization, that production rates do not match the Company’s assumptions, that very low or no production rates are achieved, that the Company is unable to access required capital, that occurrences such as those that are assumed will not occur, do in fact occur, and those conditions that are assumed will continue or improve, do not continue or improve, and the other risks and uncertainties applicable to exploration and development activities and the Company's business as set forth in the Company's management discussion and analysis and its annual information form, both of which are available for viewing under the Company's profile at www.sedar.com, any of which could result in delays, cessation in planned work or loss of one or more concessions and have an adverse effect on the Company and its financial condition. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.


Contacts

Wolf E. Regener
+1 (805) 484-3613
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.kolibrienergy.com

Vinnic Power: The Best Choice for Unlimited Power



HONG KONG--(BUSINESS WIRE)--Vinnic, one of the major battery manufacturers in Asia, releases a new series -- Vinnic Power, industrial-grade 2000wh portable power station. Vinnic Power Station, boasting aluminum alloy shell design, is the most durable, safe and sturdiest portable power station.

Based on 42 years of deep technical experience, Vinnic has grown into a highly reliable portable power expert, providing high reliability, high standards, high efficiency and high safety of products and solutions. Vinnic provides customers with top quality and safety assurance with strict standards and superb technical.

Consumer Electronics products have grown to become an indispensable part of daily life. Demand for electricity has rapidly increased, whether it’s indoors or outdoors, portable mobile devices, electrical equipment required for outdoor work, and even those increasingly popular electric vehicles.

In recent years, as the pandemic continues, living conditions & habits have changed dramatically. Instead of travelling abroad, people are turning into more outdoor activities within the country, such as overlanding, camping & etc...

From a macro perspective, in the era of global carbon neutrality, renewable energy is a major trend in the future. Vinnic, as a battery manufacturer that advocates in green energy, is duty-bound; Vinnic adheres to the concept of "green energy, creating a better environment", and hopes to make a contribution to the earth with its own expertise. Vinnic does its best to reduce carbon emissions. For example, in countries with unstable power supply, large-scale electrical equipment needs to be operated, and renewable energy is used to replace traditional diesel generators as an emergency backup power solution.

With 42 years of experience in mobile power, Vinnic has launched a new series - Vinnic Power to fulfill our "Stayed Power Anytime, Anywhere" motto with our expertise and technology.

Two flagship products are introduced, The PS500W and PS2000W super capacity portable Power Station to meet the needs of today's different needs, Especially the increasing threshold of wild camping and outdoor adventures, or even high power demand in outdoor environments; Vinnic provides an endless supply of renewable energy anywhere!

The Top-of-the-line battery: LiFePO4 Battery

Vinnic Power Station is built on rechargeable lithium iron phosphate battery, state of the art inverter circuit and battery management system (BMS). Unlike general portable backup power solutions, Vinnic Power Station uses lithium iron phosphate batteries (LiFePO4), which is recognized as the safest and most environmentally friendly worldwide. LiFePO4 battery has superior chemical and thermal stability, famous for its safety, long cycle life, explosion-proof, higher voltage, good high temperature performance, good density, and large capacity.

In Tesla's third quarter investor report released on October 20, 2021, Tesla will also switch to lithium iron phosphate batteries for its full line of standard range electric vehicles. Vinnic’s two Power Stations feature, 512Wh (PS500W) and 1958Wh (PS2000W) with output of 500W and a maximum output of 1000W. PS2000W output power is 2000W, the maximum output can reach 4000W! Regardless of outdoor travel, outdoor work, natural disaster relief, medical emergency, power outage and other power needs, Vinnic Power Station is definitely your best choice!

Ingenuity & Perfection

Unlike other portable backup power supply solutions, most of which use plastic materials, Vinnic Power Station uses aerospace-grade aluminum alloy as the fuselage material, coupled with an ergonomic integrated fuselage, and the fuselage surface is protected by a military-grade anodizing process, which makes Vinnic Power Station more wear resistance, explosion-proof and higher heat dissipation efficiency. Nonetheless, its appearance is stylish.

Internally, in addition to the use of extremely safe LiFePO4 batteries, the structure is also divided into independent battery compartment and boost circuit silo, the design of the air flow, also allows maximum heat dissipation, to keep the working temperature of the unit lower, increasing its safety level; additionally, the built-in TI wafer BMS circuit management system, provides precise control of overcharge protection, over-discharge protection, short circuit protection, over-current protection, over-voltage protection, under-voltage protection, overload protection, over-temperature protection. These safety design makes Vinnic Power Station superior to the general backup power supply solution on the market.

All-in-one Interface

Both Vinnic Power stations are equipped with two AC sockets (110V/220V), two 12V DC sockets and four USB sockets, among which two USB-A sockets are independent QC3.0, quick charge output of 2*18W Power and one PD100W. Type C socket corresponding to quick charging output of notebook computer, one 12V car ignition start power socket and 12V car charging socket; Basically 99% of all electronics on the market.

As for charging, Vinnic Power Station can be charged by AC or DC, energy storage Power supply, such as solar panels, wind Power, vehicle charging and so on.

Vinnic Power Station —— PS500W-512

 

Battery Capacity

160,000mAh, 512Wh

Battery Type

Rechargeable LiFePO4 Battery

AC Output

220V, 50Hz Pure Sine Wave

Continuous Power

500W

Peak Power

1000W

DC Output

4*USB Port / 1*Type C Port / 2*DC Port / 1*Cigarette Port

USB-A

5V/2A, 9V/2A, 12V/1.5A

USB-C

PD 100W Output

DC 12V Port

12V/5A

DC 12V Cigarette Port

12V/10A

Ec5

DC 12.8V 10A

Input

AC 220V, 50Hz, 200W (Wall charging), MAX 200W MPPT (Solar charging)

Product size (LxWxH mm)

240*190*190

Weight

8.5Kg

Vinnic Power Station —— PS2000W-1958

 

Battery Capacity

612,000mAh, 1958.4Wh

Battery Type

Rechargeable LiFePO4 Battery

AC Output

220V, 50Hz Pure Sine Wave

Continuous Power

2000W

Peak Power

4000W

DC Output

4*USB Port / 1*Type C Port / 2*DC Port / 1*Cigarette Port

USB-A

5V/2A, 9V/2A, 12V/1.5A

USB-C

PD 200W Output

DC 12V Port

12V/5A

DC 12V Cigarette Port

12V/10A

Ec5

DC 12.8V 10A

Input

AC 220V, 50Hz, 200W (Wall charging), MAX 200W MPPT (Solar charging)

Product size (LxWxH mm)

590*190*190

Weight

24.5Kg

Vinnic – Powered by Professionals

Established in 1980, Vinnic (Chung Pak Battery Works Limited) was set up by a group of experts in battery production, and today, Vinnic is one of the major battery manufacturers in Asia. In order to increase quality, efficiency and create environmentally friendly product, Vinnic has invested significantly to the production base with advanced machinery from Japan, Germany and US and also conducts large scale R&D. It offers the brand Vinnic, including 0% Mercury Alkaline Cylindrical Battery Series, 0% Lead Added Zinc Chloride Battery, Primary Button Cell, Lithium Button Cell and Ni-MH Rechargeable Batteries. All welcomed by customers from around the world, include but not limited to China, SEA, EU and Africa, and even some world class battery manufacturers are already our stable OEM customers. The maximum production capacity of present facilities is estimated at 3 billion units.

Vinnic Power is a wholly owned subsidiary of the Chung Pak Group


Contacts

Vinnic Power
Principle in charge: Mr. Jackie Kwok
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Address: Unit B, 2/F., Wah Shun Industrial Building, No.4 Cho Yuen Street, Yau Tong Bay, Kowloon, Hong Kong
Tel: (852) 27171338
Website: www.vinnicpower.com

The virtual awards ceremony applauds notable contributions that influence industry and technology trends in 2021 and beyond

PISCATAWAY, N.J.--(BUSINESS WIRE)--#IEEE--IEEE, the world's largest technical professional organization dedicated to advancing technology for humanity, and the IEEE Standards Association (IEEE SA) today announced the recipients of the 2021 IEEE Standards Association (IEEE SA) awards. The annual awards ceremony, available online as a virtual ceremony for 2021, recognizes entities and individuals for their leadership and participation in standards development.


2021 has seen accelerated advances in established fields such as health and life sciences, industrial automation as well as groundbreaking innovations in emerging technologies such as quantum computing; transforming the way industry and people use and experience technology.

In conjunction with these rapidly evolving trends, the 2021 IEEE SA Awards celebrate major standards development milestones in a vast array of industries and technology spaces, including artificial intelligence and machine learning, technology ethics and data privacy, telecommunications and connectivity, smart manufacturing, software and systems engineering, power and energy, sustainable development, and more. These IEEE standards were developed by global volunteers to drive technological innovation, inspire market-relevant solutions, and benefit industry and humanity, all with the aim of making the world better, safer, and more sustainable.

The 2021 IEEE SA Awards categories and recipients are:

IEEE SA Standards Medallion

  • Bob Aiello: For sustained leadership in the development of practical, advanced standards for DevOps and configuration management
  • Edward Au: For exceptional leadership and skill in driving the development of IEEE 802.11™ Wireless LAN standards
  • Matthew J. Butcher: For dedication and perseverance in contributing to and fostering the development of a substantially revised and improved IEEE C95.3™-2021
  • Geoffrey Garner: For contributions to and education about the standardization of timing and synchronization for telecommunications networks
  • S. Michael Gayle: For longtime leadership and advocacy for jointly developed IEEE and ISO/IEC JTC1 standards for systems and software engineering and software quality
  • Marc Holness: For pioneering contributions and leadership to describe and implement data modeling using YANG in IEEE 802®
  • Peter Zollman: For outstanding effort and steadfast persistence in leading the development of a substantially revised and improved IEEE C95.3™-2021

Managing Director's Special Recognition Award

  • Ali Hessami: In appreciation of outstanding leadership in the ethically aligned artificial intelligent systems community
  • Beeban Kidron: In appreciation of her leadership in creating a digital environment that respects the rights of children and young people and leading the creation of IEEE 2089TM
  • Katina Michael: In appreciation of her leadership in advancing age-appropriate design standardization and leading the development of IEEE 2089
  • Alan Winfield: In appreciation of his notable leadership in the development of IEEE P7001, Transparency of Autonomous Systems

IEEE SA Conformity Assessment Award

  • IEEE NPEC Conformity Assessment Steering Committee: For contributions made to create conformity assessment programs for IEEE nuclear standards and for aiding the industry in streamlining equipment qualification activities using EQ Navigator

IEEE SA International Award

  • Jingxuan (Joanne) Hu: For outstanding contributions to the promotion of IEEE switchgear standards internationally

IEEE SA Emerging Technology Award

  • IEEE P2675™ Working Group: For the development of IEEE 2675™-2021, the first international standard to define the use of DevOps to control and improve software life-cycle processes
  • IEEE P7007™ Working Group: For supporting the development of an innovative ontological standard on the ethics of artificial intelligence

IEEE Standards Board Distinguished Service Award

  • Ted A. Burse: In recognition of his many contributions in leading governance activities of the IEEE SA Standards Board

IEEE SA Lifetime Achievement Award

  • Curtis Ashton: For his dedicated leadership in the development and promotion of IEEE energy storage standards throughout his career
  • Ben C. Johnson: For his leadership roles in the IEEE Standards Association and for his leadership of collaborative activities on arc-flash safety

Related Awards:

The Ron Waxman Design Automation Standards Committee (DASC) Meritorious Service Award

  • Riccardo Mariani: In recognition of outstanding service exemplifying the spirit of the DASC

IEEE Charles Proteus Steinmetz Award

  • Haran Karmaker: For leadership in and contributions to the development of standards for electrical machines

“Congratulations to all of our award recipients. We don’t say thank you often enough for their hard work, dedication, and efforts. These awards recognize the significant contributions of our honorees to raising the world’s standards for technology and the global communities we serve,” said James E. Matthews III, IEEE SA President. “The standards developed by our honorees and all of our volunteers provide market leadership and pathways for technology innovations. They facilitate commerce, safety, trade, and security on a global scale. Through the IEEE SA processes and volunteer leadership, our standards help fulfill the IEEE mission to advance technology for the benefit of humanity.”

For additional information, visit the IEEE SA Awards website to watch the 2021 virtual awards ceremony or obtain additional information about IEEE SA awards.

To learn more about IEEE SA or about any of its many market-driven initiatives, visit us on Facebook, follow us on Twitter, connect with us on LinkedIn, or on the Beyond Standards Blog.

About the IEEE Standards Association

IEEE Standards Association (IEEE SA) is a collaborative organization where innovators raise the world’s standards for technology. IEEE SA provides a globally open, consensus-building environment and platform that empowers people to work together in the development of leading-edge, market-relevant technology standards, and industry solutions shaping a better, safer, and sustainable world. For more information, visit https://standards.ieee.org.

About IEEE

IEEE is the world’s largest technical professional organization dedicated to advancing technology for the benefit of humanity. Through its highly cited publications, conferences, technology standards, and professional and educational activities, IEEE is the trusted voice in a wide variety of areas ranging from aerospace systems, computers, and telecommunications to biomedical engineering, electric power, and consumer electronics. Learn more at https://www.ieee.org.


Contacts

Tania Olabi-Colon, Director of Brand Marketing & Communications
Olivia Wang, Marketing & Communications Manager
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SAN FRANCISCO--(BUSINESS WIRE)--Effective January 1st, Energistics Consortium, Inc. is now an affiliate of The Open Group®, a global consortium that enables the achievement of business objectives through technology standards. Energistics remains a separate entity, with The Open Group assuming control of Energistics operations, in a move which will enable broader community access, more efficient collaboration, and stronger standards evolution in line with the global energy transition.


Having proudly served the industry for over thirty years, Energistics is also a long-standing member of The Open Group OSDU™ Forum, and in October 2018 became the first non-operator company to be invited to join the Forum. Its WITSML, RESQML, PRODML, and ETP standards have become universal in the industry and form a critical component of the OSDU Data Platform.

Development will continue in Energistics Special Interest Groups (SIGs) to ensure the standards remain a vibrant part of the Energy community. Most recently, Energistics Transfer Protocol v1.2 was released in September 2021, and a consolidated Release Candidate for new versions of RESEQML, PRODML, and WITSML was made available in December 2021.

This work will support both the wider industry and the ongoing development of the OSDU Data Platform and standards for analyzing legacy subsurface energy data as well as new energy data from wind, geothermal, hydrogen, photovoltaic sources, and carbon capture, utilization, and storage data sources.

“As Energistics starts an exciting new chapter in its development, we want to thank the more than 3,500 upstream subject matter experts, from over 115 member companies, who have contributed to its development over the last thirty years,” said Ross Philo, CEO of Energistics. “We are also particularly grateful to our operational staff, who have served the industry with outstanding dedication. They have ensured a smooth transition for our members, and we wish them all the best in their next adventure.”

Today’s transition of governance reflects the significant overlap between Energistics and The Open Group OSDU Forum, with 42 of the 220 current Forum members also being Energistics members. Retaining its own board, the work of Energistics will now be overseen by members of both organizations alongside The Open Group itself.

“The relationship between Energistics and The Open Group has been a long and fruitful one, and this is the right next step for our organizations,” adds Steve Nunn, CEO and President of The Open Group. “Bringing the knowledge and capabilities of The Open Group OSDU Forum and the Energistics SIGs closer together means that we will continue to lead the charge in data exchange standards for the industry, while also opening doors to a broader community for both organizations. We are committed to ensuring that the Energistics standards continue to evolve, thrive, and enable cross-discipline integration of industry data.”

- ENDS -

About Energistics

Energistics is the leading upstream oil and gas industry's data standards body. We are a global, non-profit consortium established over 30 years ago to bring together industry professionals in a neutral and collaborative environment to develop and deploy open data exchange standards and to address oil and gas information sharing challenges. Our members consist of international and nationalized oil companies, oilfield service companies, hardware and software vendors, system integrators, regulatory agencies, and the global standards user community. For more information, visit our website at www.energistics.org.

About The Open Group

The Open Group is a global consortium that enables the achievement of business objectives through technology standards. Our diverse membership of more than 850 organizations includes customers, systems and solutions suppliers, tool vendors, integrators, academics, and consultants across multiple industries. Further information on The Open Group can be found at www.opengroup.org.

About The Open Group OSDU Forum

The Open Group OSDU Forum is developing the Open-Source Software OSDU Data Platform and associated standards that enables the Energy industry to develop the transformational technology implementation to support the world's changing Energy needs. The Open Group OSDU Forum has over 225 member organizations and over 1900 subscribers worldwide. Membership in The Open Group OSDU Forum is available to all energy stakeholders including international and nationalized oil companies, new energy providers, application developers, service operators, technology providers, software companies, academia, and more. More information on the OSDU Forum can be found at www.osduforum.org.


Contacts

Gosia Gnyp
Hotwire
+44 7415 233639
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Every $1 investment made in water and sanitation provides a $4 economic return from driving improved health, more productivity and greater opportunities in terms of education, employment and livelihoods.1


OVERLAND PARK, Kan.--(BUSINESS WIRE)--During this giving season, Ecofin, a sustainable investment firm, has donated 5% of its 2021 net revenues from its water investment platform to Water.org in support of their belief that water is the best investment the world can make to improve health, empower women, enable access to education, increase family income and change lives. Water.org empowers people in need with lasting access to safe water and sanitation – giving women hope, children health and families a bright future.

“We are fortunate to be able to share a portion of net revenue, spread awareness and use the capital from our business endeavors to help solve the global water crisis and support Water.org,” said Nick Holmes, Portfolio Manager & Managing Director. “A confluence of events is driving a capital supply and demand imbalance surrounding water’s use, reuse, and the essential infrastructure. Significant investment is required to address this imbalance, which in turn, presents an opportunity for investors to participate in the sector’s impact-oriented growth.”

“We appreciate the continued support of Ecofin that will help fuel our smart solutions and change more lives,” said Melanie Mendrys, Water.org Director of Brand + Marketing. “Together we will empower more families in need with lasting access to safe water, and the hope, health and opportunity that flow from it.”

Learn more about Ecofin’s views on the Water Crisis and shared commitment with Water.org.

1Water.org

About Ecofin

Ecofin is a sustainable investment firm with roots dating to the 1990s and a global footprint with offices in the US and UK. We are driven by the idea that sustainable investment can deliver strong risk-adjusted returns while making a true impact on the environment and society. Our strategies offer global solutions in private and public securities that address global challenges in climate action, water and sustainable communities. Through these strategies we seek to achieve positive impacts that align with the UN Sustainable Development Goals and are accessible through a variety of vehicles. Ecofin Investments, LLC is the parent of registered investment advisers Ecofin Advisors, LLC and Ecofin Advisors Limited (collectively "Ecofin"). Learn more at www.ecofininvest.com.

About Water.org

Water.org is an international nonprofit organization that has positively transformed more than 40 million lives around the world with access to safe water or sanitation. Founded by Gary White and Matt Damon, Water.org pioneers market-driven financial solutions to the global water crisis. For 30 years, they’ve been providing women hope, children health, and families a future. Learn more at https://water.org.

Forward-Looking Statement

This press release contains certain statements that may include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, included herein are "forward-looking statements." Although the funds and Ecofin believe that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the funds’ reports that are filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required by law, the funds and Ecofin do not assume a duty to update this forward-looking statement.

Safe Harbor Statement

This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.


Contacts

For more information contact Maggie Zastrow at (913) 981-1020 or This email address is being protected from spambots. You need JavaScript enabled to view it..

Sigfox is working on its first commercial development to create an energy harvesting device by collaborating with HT Micron and Nowi to launch a board integrating HT Micron (SiP) and Nowi (PMIC) solutions.

PARIS--(BUSINESS WIRE)--#0Gnetwork--Sigfox, a world’s leading IoT (Internet of Things) communication service provider and 0G network pioneer, today announces its partnership with HT Micron, a Brazilian expert in advanced semiconductor solutions, and Nowi, a semiconductor company that specializes in the development of energy harvesting power management technology, to explore and unlock the benefits of integrating energy harvesting into Sigfox devices.


This collaboration marks the first step for Sigfox towards a commercial development of energy harvesting modules to equip IoT devices and contribute to more sustainability in IoT. Key use cases are applications in Smart metering, industrial sensoring, asset tracking and air quality monitoring.

During the research phase, HT Micron has worked on creating the innovative semiconductor solution ​​to be integrated with Nowi’s Energy Harvesting PMIC (Power Management Integrated Circuit) designed especially for low power IoT devices. Equipped on Sigfox devices and powered by the 0G technology, this solution will help reduce battery consumption and offer longer autonomy while reducing the total cost of ownership.

Nowi PMIC is designed to efficiently extract power from ambient energy sources like light and vibration to charge a variety of energy storage elements such as a rechargeable battery or a capacitor. It is best suited for most low power applications like distributed IoT sensors and TV remote controls for example.

The low power consumption of Sigfox solutions is particularly well suited to being powered by ambient energy harvesting. As many Sigfox-based applications require intermittent communication intervals, this allows for trickle charging a storage element with energy harvesting in between transmissions,” explains Chris Juliano, CCO at Nowi.

Sigfox and HT Micron have been working together for several years already and HT Micron was identified as a strategic partner for this project as they have the expertise to create innovative modules and they consider energy harvesting essential for IoT mass adoption with sustainability.

We are glad to take this next step with Sigfox and explore energy harvesting solutions as a new way to create added value to our end customers and help them improve their environmental impact,” says Edelweis Ritt, CIO at HT Micron.

This collaboration with Nowi and HT Micron is another proof point towards our ambition to create IoT solutions that will help our clients preserve the environment by greatly reducing their energy consumption. We are looking forward to the development of this new kind of devices and to the positive impact they will generate” says Benjamin Jooris, Client & Ecosystem Success Director at Sigfox.

The first step of this project is a development kit integrating Nowi’s PMIC solution with HT Micron’s Sigfox system-in-package, to be used for testing purposes by R&D and product development teams. First information will be presented at CES 2022 (5-7 January in Las Vegas) at Nowi’s booth (#51733) to gather customer and developers’ feedback. Customers can register to receive the development kit. Next, Sigfox, Nowi and HT Micron will create a mass production module that can be used by any type of device maker.

This announcement comes as part of strengthening Sigfox's strategy to help reduce the human impact on the environment with IoT, and it will be soon followed by other solutions based on energy harvesting as new projects are already in discussion.

****

​​About Sigfox
Sigfox is a world’s leading IoT (Internet of Things) communication service provider and 0G network pioneer. Sigfox offers a unique combination of ultra-low cost and ultra-low power solutions enabled by a single global network, owned and operated by 75 Sigfox Operators, enabling businesses to gain visibility and track their assets worldwide. With more than 19 million connected devices and 75 million messages sent a day, Sigfox helps its customers to extract data at the lowest cost of production and accelerate their digital transformation in key areas such as asset tracking and monitoring.

ISO 9001 certified and supported by a strong partner ecosystem, Sigfox was founded in 2010 and is headquartered in Labège, France, with offices in Boston, Dallas, Dubai, Madrid, Paris, Sao Paulo, Singapore, and Tokyo.

About Nowi
Nowi is a semiconductor company founded in 2016, based in Delft, the Netherlands, with regional offices in the US and in Shanghai.
Nowi has developed energy harvesting power management ICs that combine top harvesting performance with the world’s smallest assembly footprint and lowest BOM cost. Thereby it simplifies the design process and lowers the threshold for any company to develop ‘Plug & Forget’ products.

About HT Micron
HT Micron provides advanced semiconductor solutions. The portfolio includes memories for computers, cell phones and smart TVs, as well as System-in-Package connectivity solutions for the Internet of Things. HT Micron is a Brazilian company, having as the main shareholder the South Korean group HANA Micron, and is based in the city of São Leopoldo, RS, in South Brazil.


Contacts

Press

Sigfox
Antoine Mège, Corporate Communications
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PEAPACK, N.J.--(BUSINESS WIRE)--Komline-Sanderson, a designer and manufacturer of equipment for wastewater management, environmental control, and other industrial applications, announced today the acquisition of Fluid Quip, Inc., a manufacturer of capital equipment for the corn wet-milling and ethanol industries. The transaction closed on December 30, 2021.


Corn wet-milling, a process that uses water and specialized equipment to physically separate corn into proteins, starches, oil, and fiber, is a core market for Komline, and the acquisition of Fluid Quip substantially broadens its product offering in the space. Fluid Quip’s equipment is also used by Fluid Quip Technologies in the retrofitting of ethanol facilities to produce ultra-high-protein products used as animal feed. Fluid Quip Technologies is a separate company and not part of the transaction.

The acquisition was Komline’s fifth during 2021. Previously in the year, it acquired Illinois-based Barnes International, a manufacturer of coolant filtration equipment; Florida-based Harn R/O Systems, a producer of reverse osmosis, nanofiltration, and low-pressure membrane treatment systems; South Carolina-based Haselden Company, Inc., an engineering design and installation business of waste-reduction systems serving the food and beverage industry; and Tennessee-based AquaShield, Inc., a manufacturer of products for stormwater runoff, rainwater harvesting, and construction site discharges.

“Komline and Fluid Quip have partnered for nearly 20 years on a variety of projects and joint ventures for our customers in the corn wet-milling industry, making the business combination a very natural next chapter,” said Fluid Quip CEO Andy Franko. “Becoming part of Komline means we have even more products, engineering capabilities, and solutions to offer, while providing the same great service on which we built our reputation.”

Fluid Quip was founded in 1987 as a repair and field service company serving the pulp and paper and corn wet-milling industries. The company’s product expertise soon led it to begin innovating new features to improve equipment performance, and in 1991, it began to design and sell its own capital equipment and replacement parts. The company continues to maintain a full-service repair shop as part of its solution-oriented service to customers around the world.

“We are proud of the progress Komline made in 2021, as we significantly broadened our product offering, production capacity, and field service capabilities over the course of the year,” said Komline’s Chief Executive Officer, Danai Brooks. “With Fluid Quip, we now have nine manufacturing facilities in the United States and a new partnership with a talented team in Ohio. Because of the special relationship Komline and Fluid Quip have built over the years, I am particularly enthusiastic about the opportunities this acquisition will create.”

About Komline-Sanderson

Since its incorporation in 1946, Komline-Sanderson Corporation has provided the highest quality equipment for applications including process/production filtration, drying, thermal processing, wastewater treatment, sludge processing, and environmental control. The company, headquartered in Peapack, New Jersey, solves wastewater, industrial processing, and flue gas cleaning challenges for industrial and municipal customers around the world. Visit komline.com for more information.

About Fluid Quip, Inc.

Founded in 1987 and based in Springfield, Ohio, Fluid Quip engineers and manufactures separation equipment for corn wet-milling, pulp and paper applications, and dry-grind ethanol plants, including centrifuges, grind and impact mills, screens, cyclonettes, starch washing systems, germ separators, and more. Utilizing years of design experience, hands-on research, and customer feedback, Fluid Quip continues to develop new technologies and improve traditional equipment. Fluid Quip holds various equipment and process patents and is focused on optimizing plant performance by providing “Solutions That Work.” Visit fluidquip.com for more information.


Contacts

Brian Komline
Vice President, Sales
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DUBLIN--(BUSINESS WIRE)--The "Port and Terminal Operations Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2027" report has been added to ResearchAndMarkets.com's offering.


The report predicts the global port and terminal operations market to grow with a CAGR of 10.4% over the forecast period from 2021-2027.

The report on the global port and terminal operations market provides qualitative and quantitative analysis for the period from 2019 to 2027. The study on port and terminal operations market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and RoW for the period of 2019 to 2027.

The report on port and terminal operations market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global port and terminal operations market over the period of 2019 to 2027. Moreover, the report is a collective presentation of primary and secondary research findings.

Porter's five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global port and terminal operations market over the period of 2019 to 2027. Further, Growth Matrix gave in the report brings an insight into the investment areas that existing or new market players can consider.

What does this Report Deliver?

  • Comprehensive analysis of the global as well as regional markets of the port and terminal operations market.
  • Complete coverage of all the segments in the port and terminal operations market to analyze the trends, developments in the global market and forecast of market size up to 2027.
  • Comprehensive analysis of the companies operating in the global port and terminal operations market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
  • Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.

Company Profiles

  • PSA International
  • Hutchison Port Holdings Trust
  • Dubai Ports World (DPW)
  • AP Moller Terminals
  • International Container Terminal Services Inc.
  • China Merchants Port Holdings
  • Terminal Investment Limited (TIL)
  • Eurogate Container Terminal Ltd.
  • Evergreen Marine Corporation (EMC)
  • SSA Marine

Report Findings

1) Drivers

  • Growing seaborne trade
  • Growing public and private investment

2) Restraints

  • High cost of operation

3) Opportunities

  • Technological advancements

Segment Covered

The global port and terminal operations market is segmented on the basis of type, and cargo type.

The Global Port and Terminal Operations Market by Type

  • Cargo Transportation and Handling
  • Stevedore

The Global Port and Terminal Operations Market by Cargo Type

  • Crude Oil and Other Liquid Cargo
  • Dry Cargo

For more information about this report visit https://www.researchandmarkets.com/r/e9myh5


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ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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