— The two organizations celebrate a decade of partnership and environmental impact with the Reliant EcoShare℠ program —
HOUSTON--(BUSINESS WIRE)--Reliant and EarthShare of Texas are celebrating 10 years of partnership and $2 million raised through the Reliant EcoShare℠ program. By joining the program, Reliant customers empower EarthShare of Texas to support environmental stewardship in the community while reducing their own carbon footprint.
“In just ten years, Reliant’s EcoShare℠ program has achieved this remarkable milestone, donating $2 million towards conservation efforts to strengthen the great state of Texas,” said Elizabeth Killinger, president of Reliant. “This has been possible by working together with our customers, EarthShare of Texas and several non-profits. We look forward to our continued partnership.”
Launched in 2011, Reliant EcoShare℠ allows customers to lessen their impact on the environment through the purchase of carbon offsets, reducing the effect of individuals’ carbon footprints generated by using electricity or transportation. In addition, the program provides ongoing support to EarthShare of Texas, a nonprofit committed to environmental support through funding contributions to more than 30 different local and statewide organizations leading environmental causes. All carbon offsets for the Reliant EcoShare℠ program meet approved standards established by organizations respected for their environmental integrity to ensure that they represent real, verifiable reductions in greenhouse gases.
For as little as $3.95 per month customers can lend support to key conservation and environmental projects throughout Texas. With every $25 the program is able to provide seeds for one community garden to grow nutritious and affordable food, $100 can protect 100 acres of farmland, and $350 can go towards removing nearly 46,000 pounds of trash from Texas beaches by working affiliated organization.
In celebration of the EcoShare℠ anniversary and incredible monetary achievement, Reliant and EarthShare of Texas planted 24 trees native to Texas at a local elementary school. The SPARK School Park Program, a non-profit organization serving the greater Houston area and long-time member of EarthShare of Texas, works with public schools to develop playgrounds into community parks. More than 30 volunteers from both organizations came out to Herrera Elementary School SPARK Park in Houston’s Northside area to show their appreciation for the community and celebrate the occasion with a check presentation. If $500 can maintain one acre of native prairie for a year, imagine the impact that $2 million can have across the state.
“We feel honored that so many of Reliant's customers opt into the EcoShare program and donate to our federation. Each of our members is thoroughly vetted so we know that every dollar of this $2 million milestone has been put to work for the betterment of all Texans’ natural environment. Just like today, more trees have been planted, water is clean, wildlife is rescued, land is conserved, and so much more because of this partnership with Reliant and its customers,” said Francoise Van Keuren, executive director of EarthShare of Texas.
For additional information on Reliant’s partnership with EarthShare of Texas and the EcoShare℠ program, visit Reliant’s website.
About Reliant, an NRG company
Reliant powers, protects and simplifies life by bringing electricity, security and related services to homes and businesses across Texas. Serving customers and the community is at the core of what we do, and the company is recognized nationally for outstanding customer experience. Reliant is part of NRG, a Fortune 500 company that creates value by generating electricity and providing energy solutions to nearly 6 million residential, small business and commercial customers across the U.S. and Canada. NRG’s competitive residential electricity business, which includes Reliant, is one of the largest in the country. For more information about Reliant, visit reliant.com and connect with Reliant on Facebook at facebook.com/reliantenergy and Twitter or Instagram @reliantenergy. PUCT Certificate #10007.
About EarthShare of Texas
EarthShare of Texas is a 501(c)(3) nonprofit federation raising funds for local and national environmentally-focused member charities. Through collaborative fundraising and partnership building, EarthShare of Texas empowers mission-driven members to pursue positive environmental and health impacts across the Lone Star State for the benefit of all. EarthShare of Texas was founded by several Texas environmental leaders in 1992 and has expanded from employee-giving campaigns to cause-marketing relationships with leading Texas companies, most notably H-E-B and Reliant Energy. For more information, visit earthshare-texas.org.
Diana Maddock
713-703-4989
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DALLAS--(BUSINESS WIRE)--Kosmos Energy Ltd. (“Kosmos” or the “Company”) (NYSE/LSE:KOS) announced today the pricing of its registered underwritten public offering of 37,500,000 shares of common stock (the “Offering”) at a price to the public of $3.30. In addition, Kosmos has granted the underwriters a 30-day option to purchase up to an additional 5,625,000 shares of common stock at the public offering price less underwriting discounts. The Offering is expected to close on October 19, 2021, subject to customary closing conditions.
Kosmos intends to use the net proceeds from this offering to repay outstanding borrowings under its commercial debt facility, including borrowings incurred to finance a portion of the previously announced acquisition of Anadarko WCTP Company.
Barclays, BofA Securities and Jefferies are acting as joint book-running managers in the Offering.
The Offering is being made pursuant to an effective shelf registration statement, including a prospectus, filed by Kosmos with the U.S. Securities and Exchange Commission (“SEC”) on June 21, 2021. The Offering may only be made by means of a prospectus supplement and an accompanying prospectus. The preliminary prospectus supplement and accompanying prospectus relating to the Offering has been filed, and the final prospectus supplement and accompanying base prospectus relating to the Offering will be filed, with the SEC. You may get these documents free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, we, the underwriters or any dealer participating in the offering will arrange to send you the preliminary prospectus supplement and the accompanying prospectus upon request to: Barclays, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, (888) 603-5847, This email address is being protected from spambots. You need JavaScript enabled to view it. and BofA Securities at NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC 28255-0001, Attention: Prospectus Department or by emailing to This email address is being protected from spambots. You need JavaScript enabled to view it..
This press release does not constitute an offer to sell or a solicitation of an offer to buy shares of common stock and shall not constitute an offer, solicitation or sale in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to the registration and qualification under the securities laws of such state or jurisdiction.
About Kosmos Energy
Kosmos is a full-cycle deepwater independent oil and gas exploration and production company focused along the Atlantic Margins. Our key assets include production offshore Ghana, Equatorial Guinea and the U.S. Gulf of Mexico, as well as a world-class gas development offshore Mauritania and Senegal. We also maintain a sustainable proven basin exploration program in Equatorial Guinea, Ghana and the U.S. Gulf of Mexico. Kosmos is listed on the New York Stock Exchange and London Stock Exchange and is traded under the ticker symbol KOS. As an ethical and transparent company, Kosmos is committed to doing things the right way. The Company’s Business Principles articulate our commitment to transparency, ethics, human rights, safety and the environment. Read more about this commitment in the Kosmos Sustainability Report. For additional information, visit www.kosmosenergy.com.
Forward-Looking Statements
This press release 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. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Kosmos expects, believes or anticipates will or may occur in the future are forward-looking statements. Kosmos’ estimates and forward-looking statements are mainly based on its current expectations and estimates of future events and trends, which affect or may affect its businesses and operations. Although Kosmos believes that these estimates and forward-looking statements are based upon reasonable assumptions, they are subject to several risks and uncertainties and are made in light of information currently available to Kosmos. When used in this press release, the words “anticipate,” “believe,” “intend,” “expect,” “plan,” “will” or other similar words are intended to identify forward-looking statements. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Kosmos (including, but not limited to, the impact of the COVID-19 pandemic), which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. Further information on such assumptions, risks and uncertainties is available in Kosmos’ Securities and Exchange Commission (“SEC”) filings. Kosmos undertakes no obligation and does not intend to update or correct these forward-looking statements to reflect events or circumstances occurring after the date of this press release, except as required by applicable law. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.
Investor Relations
Jamie Buckland
+44 (0) 203 954 2831
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Media Relations
Thomas Golembeski
+1-214-445-9674
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OKLAHOMA CITY--(BUSINESS WIRE)--Gulfport Energy Corporation (NYSE: GPOR) (“Gulfport” or the “Company”) today announced that it has entered into the Third Amended and Restated Credit Agreement (“Amendment”), which amends and refinances the Company’s Credit Agreement, dated as of May 17, 2021 (“Exit Facility”).
"Gulfport continues to make progress in strengthening its financial position, today announcing the successful amendment to its exit facility. The amended facility increases our liquidity by more than $160 million, which is expected to provide us with the necessary financial flexibility to continue to execute our business plan and provides additional clarity around our ability to return capital to shareholders. We appreciate our banks working closely with us in connection with this amendment and for their continued support to our organization,” commented Tim Cutt, CEO of Gulfport.
The amendment announced today provides for, among other things:
The Amendment also provides for semiannual redeterminations of the borrowing base around November 1 and May 1 of each year, beginning May 1, 2022, and extends the maturity date to October 2025 from May 2024.
The Amendment was provided by a syndicate of 14 financial institutions, including JPMorgan Chase Bank, N.A., as administrative agent.
Financial Position and Liquidity
As of September 30, 2021, Gulfport had approximately $4 million of cash and cash equivalents, $200 million of borrowings under its Exit Facility, $115 million of letters of credit outstanding and $550 million of outstanding 2026 senior notes.
Pro forma for the Amendment, Gulfport’s liquidity at September 30, 2021, totaled approximately $389 million, comprised of the $4 million of cash and cash equivalents and approximately $385 million of available borrowing capacity under its new revolving credit facility.
About Gulfport
Gulfport is an independent natural gas-weighted exploration and production company focused on the exploration, acquisition and production of natural gas, crude oil and NGL in the United States with primary focus in the Appalachia and Anadarko basins. Our principal properties are located in Eastern Ohio targeting the Utica formation and in central Oklahoma targeting the SCOOP Woodford and SCOOP Springer formations.
Forward Looking Statements
This press release includes “forward-looking statements” for purposes of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are statements other than statements of historical fact. They include statements regarding Gulfport’s current expectations, management's outlook guidance or forecasts of future events, projected cash flow and liquidity, its ability to enhance cash flow and financial flexibility, future production and commodity mix, plans and objectives for future operations, the ability of our employees, portfolio strength and operational leadership to create long-term value, the rejection of certain midstream contracts and the assumptions on which such statements are based. Gulfport believes the expectations and forecasts reflected in the forward-looking statements are reasonable, Gulfport can give no assurance they will prove to have been correct. They can be affected by inaccurate or changed assumptions or by known or unknown risks and uncertainties. Important risks, assumptions and other important factors that could cause future results to differ materially from those expressed in the forward-looking statements are described under "Risk Factors" in Item 1A of Gulfport’s annual report on Form 10-K for the year ended December 31, 2020 and any updates to those factors set forth in Gulfport's subsequent quarterly reports on Form 10-Q or current reports on Form 8-K (available at https://ir.gulfportenergy.com/all-sec-filings). Gulfport undertakes no obligation to release publicly any revisions to any forward-looking statements, to report events or to report the occurrence of unanticipated events.
Investors should note that Gulfport announces financial information in SEC filings, press releases and public conference calls. Gulfport may use the Investors section of its website (gulfportenergy.com) to communicate with investors. It is possible that the financial and other information posted there could be deemed to be material information. The information on Gulfport’s website is not part of this filing.
Investor Contact:
Jessica Antle – Director, Investor Relations
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405-252-4550
Thomas Renouard – Senior Analyst, Investor Relations
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405-252-4550
Media Contact
Reevemark
Hugh Burns / Paul Caminiti / Nicholas Leasure
212-433-4600
“AA” MSCI ESG Rating Tops Global Auto Peers
GUANGZHOU, China--(BUSINESS WIRE)--$XPEV #XPEV--XPeng Inc. (“XPeng” or the “Company”, NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle (“Smart EV”) company, today announced the release of its inaugural Environmental, Social and Governance Report (the “ESG Report”), detailing the Company’s strategy and outstanding achievements in ESG performance.
As part of its commitment to ESG, XPeng has curated an innovative core concept of X-SEG (Smart, Efficient and Green) that guides the establishment and operations of its factories and underpins all major aspects of the Company’s business operations, from supply chain management and green manufacturing, to product safety management, eco-friendly operations and governance.
The Company’s leadership in ESG is recognized globally. For the second consecutive year, in 2021 XPeng received an “AA” rating from MSCI ESG Research, the highest MSCI ESG rating among automobile companies worldwide. Notably, MSCI ESG Research scored XPeng 10 and 9.1 in the categories of Product Carbon Footprint and the Opportunities in Clean Tech, two of the key areas that contributed to the ESG ratings. This compares with industry averages in the same categories of 7 and 5.5. Furthermore, as part of their scoring review, MSCI ESG Research highlighted XPeng’s financial and personnel commitment to advancing technology as a key driver in the Company’s ability to deliver long-term sustainability-focused innovation.
XPeng is one of the pioneers working to make Smart EVs accessible to the masses. “Adherence to exemplary ESG standards in operations is integral to our core values and culture, impacting every decision we make,” said He Xiaopeng, Chairman & CEO of XPeng. “As a leader in the Smart EV industry and global corporate citizen, we take seriously our responsibility in leading the way by modelling outstanding, integrated practices in ESG. Through our efforts we aim to be a positive force in the development of future mobility and the betterment of societies around the world.”
Additional achievements highlighted in the ESG Report include:
To view the 2020 ESG Report, please visit the ESG section of XPeng’s Investor Relations website. Click here for the Chinese version and here for the English version.
For more information on MSCI ESG ratings, click here.
About XPeng Inc.
XPeng is a leading Chinese smart electric vehicle company that designs, develops, manufactures, and markets Smart EVs that appeal to the large and growing base of technology-savvy middle-class consumers in China. Its mission is to drive Smart EV transformation with technology and data, shaping the mobility experience of the future. In order to optimize its customers’ mobility experience, XPeng develops in-house its full-stack autonomous driving technology and in-car intelligent operating system, as well as core vehicle systems including powertrain and the electrification/electronic architecture. XPeng is headquartered in Guangzhou, China, with main offices in Beijing, Shanghai, Silicon Valley, San Diego and Amsterdam. The Company’s Smart EVs are manufactured at its plant in Zhaoqing, Guangdong province. For more information, please visit https://en.xiaopeng.com.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Statements that are not historical facts, including statements about XPeng’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: XPeng’s goals and strategies; XPeng’s expansion plans; XPeng’s future business development, financial condition and results of operations; the trends in, and size of, China’s EV market; XPeng’s expectations regarding demand for, and market acceptance of, its products and services; XPeng’s expectations regarding its relationships with customers, contract manufacturers, suppliers, third-party service providers, strategic partners and other stakeholders; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in XPeng’s filings with the SEC. All information provided in this press release is as of the date of this press release, and XPeng does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
For Investor Enquiries:
IR Department
XPeng Inc.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Jenny Cai
The Piacente Group
Tel: +1 212 481 2050 / +86 10 6508 0677
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For Media Enquiries:
Marie Cheung
XPeng Inc.
Tel: +852 9750 5170 / +86 1550 7577 546
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HOUSTON--(BUSINESS WIRE)--Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) announced today that the board of directors of its general partner has declared the partnership’s quarterly cash distribution of $0.625 per limited partner unit ($2.50 annually) for the quarter ended September 30, 2021, which is flat quarter over quarter. In addition, Crestwood announced a quarterly cash distribution of $0.2111 per Class A preferred equity unit ($0.8444 annually). Both common and preferred distributions will be made on November 12, 2021, to unitholders of record as of November 5, 2021.
Crestwood plans to report financial results for the third quarter 2021 on Tuesday, October 26, 2021, before the New York Stock Exchange opens for trading. Following the announcement, management will host a conference call for investors and analysts at 9:00 a.m. Eastern Time (8:00 a.m. Central Time) that day to discuss the operating and financial results. Crestwood will provide an update on its operations and financial strategy at that time. The call will be broadcast live over the internet via audio webcast. Investors will be able to connect to the webcast via the “Investors” page of Crestwood’s website at www.crestwoodlp.com. Please log in at least ten minutes in advance to register and download any necessary software. A replay will be available shortly after the call for 90 days.
About Crestwood Equity Partners LP
Houston, Texas, based Crestwood Equity Partners LP (NYSE: CEQP) is a master limited partnership that owns and operates midstream businesses in multiple shale resource plays across the United States. Crestwood is engaged in the gathering, processing, treating, compression, storage and transportation of natural gas; storage, transportation, terminalling, and marketing of NGLs; gathering, storage, terminalling and marketing of crude oil; and gathering and disposal of produced water. Visit Crestwood Equity Partners LP at www.crestwoodlp.com; and to learn more about Crestwood’s sustainability efforts, please visit https://esg.crestwoodlp.com.
Forward-Looking Statements
This press release may include certain statements concerning expectations for the future that are forward-looking statements as defined by federal securities law. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management’s control. These risks and assumptions are described in Crestwood’s annual reports on Form 10-K and other reports that are available from the United States Securities and Exchange Commission. Readers are cautioned not to place undue reliance on forward-looking statements, which reflect management’s view only as of the date made. We undertake no obligation to update any forward-looking statement, except as otherwise required by law.
Tax Notice to Foreign Investors
This release serves as qualified notice to nominees under Treasury Regulation Sections 1.1446-4(b)(4) and (d). Please note that 100% of Crestwood’s distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, all of Crestwood’s distributions to foreign investors are subject to federal income tax withholding at the highest effective tax rate for individuals or corporations, as applicable. Nominees, and not Crestwood, are treated as the withholding agents responsible for withholding on the distributions received by them on behalf of foreign investors.
Crestwood Equity Partners LP
Investor Contacts
Josh Wannarka, 713-380-3081
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Senior Vice President, Investor Relations, ESG & Corporate Communications
Rhianna Disch, 713-380-3006
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Director, Investor Relations
Sustainability and Media Contact
Joanne Howard, 832-519-2211
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Vice President, Sustainability and Corporate Communications
HOUSTON--(BUSINESS WIRE)--Cactus, Inc. (NYSE: WHD) (“Cactus” or the “Company”) today announced that it will issue its third quarter 2021 earnings release after market close on Wednesday, November 3, 2021. The Company will host a conference call to discuss financial and operational results on Thursday, November 4, 2021 at 9:00 a.m. Central Time (10:00 a.m. Eastern Time).
The call will be webcast on Cactus’ website at www.CactusWHD.com. Institutional investors and analysts may participate by dialing (833) 665-0603. International parties may dial (929) 517-0394. The access code is 5080526. Please access the webcast or dial in for the call at least 10 minutes ahead of start time to ensure a proper connection.
An archived webcast of the conference call will be available on the Company’s website shortly after the end of the call.
About Cactus, Inc.
Cactus designs, manufactures, sells and rents a range of highly engineered wellhead and pressure control equipment. Its products are sold and rented principally for onshore unconventional oil and gas wells and are utilized during the drilling, completion and production phases of its customers’ wells. In addition, it provides field services for all its products and rental items to assist with the installation, maintenance and handling of the wellhead and pressure control equipment. Cactus operates service centers in the United States, which are strategically located in the key oil and gas producing regions, including the Permian, Marcellus, Utica, Haynesville, Eagle Ford, Bakken and SCOOP/STACK, among other areas, and in Eastern Australia.
Cactus, Inc.
John Fitzgerald, 713-904-4655
Director of Corporate Development and Investor Relations
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NRG awarded for exemplary leadership in reducing carbon emissions and addressing climate change in the company’s operations and strategies
HOUSTON--(BUSINESS WIRE)--NRG Energy, Inc. today announced it received a Climate Leadership Award for Greenhouse Gas Management (Goal Setting Certificate) at the 2021 Climate Leadership Conference, hosted by the Center for Climate and Energy Solutions (C2ES) and The Climate Registry (TCR).
“Congratulations to the 2021 Climate Leadership Award winner NRG Energy for their stand-out achievements,” said Amy Holm, Executive Director of TCR. “At a time when the world urgently needs more climate action and ambition, these organizations and individuals demonstrate what is possible.”
The Climate Leadership Awards took place October 14, 2021 during the Climate Leadership Conference Series, which brings together forward-thinking leaders from business, government, academia, and the non-profit community to address climate change through policy, innovation, and business solutions.
“NRG’s progress and long track record of sustainability leadership are foundational to everything we do,” said Jeanne-Mey Sun, Vice President of Sustainability at NRG. “The road to net-zero will take collective action from everyone, and we are proud to be recognized among this exemplary group of climate leaders.”
The company’s ambitious, industry-leading targets are validated as 1.5 degrees Celsius-aligned by the Science Based Targets initiative and NRG was the first power company in North America to achieve this designation. The Climate Leadership Awards acknowledged NRG for:
“Being a climate leader and advocate for ambitious action means taking the steps today that set up opportunity for the future,” said Nathaniel Keohane, President of C2ES. “The Climate Leadership Awards recognizes only those that aim high and have plans in place to achieve their goals. NRG has shown exactly that kind of foresight and set an example among its peers.”
This year’s awardees—25 in total—represent a wide array of sectors, including technology, transportation, state and local government, financial services, pharmaceuticals, utilities, and consumer goods. More information about the Climate Leadership Award winners is available at https://climateleadershipconference.org/2021-climate-leadership-award-winners/.
About NRG
At NRG, we’re bringing the power of energy to people and organizations by putting customers at the center of everything we do. We generate electricity and provide energy solutions and natural gas to millions of customers through our diverse portfolio of retail brands. A Fortune 500 company, operating in the United States and Canada, NRG delivers innovative solutions while advocating for competitive energy markets and customer choice, working towards a sustainable energy future. More information is available at www.nrg.com. Connect with NRG on Facebook, LinkedIn and follow us on Twitter @nrgenergy.
Investors:
Kevin L. Cole, CFA
609.524.4526
Media:
Candice Adams
609.524.5428
VERNAL, Utah--(BUSINESS WIRE)--Superior Drilling Products, Inc. (NYSE American: SDPI) (“SDP” or the “Company”), a designer and manufacturer of drilling tool technologies, today announced that it entered into a share purchase agreement with a certain institutional investor to purchase approximately $2.0 million worth of its common stock in a registered direct offering.
Under the terms of the share purchase agreement, the Company has agreed to sell 1,739,131 shares of its common stock. The purchase price for one share of common stock will be $1.15. The gross proceeds to the Company from the registered direct offering are estimated to be approximately $2.0 million before deducting the placement agent's fees and other estimated offering expenses. The offering is expected to close on or about October 19, 2021, subject to the satisfaction of customary closing conditions.
EF Hutton, division of Benchmark Investments, LLC, is acting as exclusive placement agent for the offering.
The offering is being made pursuant to an effective "shelf" registration statement on Form S-3 (File No. 333-239608) filed with the Securities and Exchange Commission (the "SEC") on July 1, 2020 and declared effective on July 29, 2020. Such shares of common stock may be offered only by means of a prospectus, including a prospectus supplement. A prospectus supplement, describing the terms of the proposed offering, and accompanying prospectus related to the offering of common stock will be filed with the SEC and will be available on the SEC's website located at http://www.sec.gov.
This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
When available, copies of the prospectus supplement relating to this registered direct offering, together with the accompanying prospectus, can be obtained at the SEC's website at www.sec.gov or from EF Hutton, division of Benchmark Investments, LLC, 590 Madison Avenue, 39th Floor, New York, NY 10022, Attention: Syndicate Department, or via email at This email address is being protected from spambots. You need JavaScript enabled to view it. or telephone at (212) 404-7002. Before investing in this offering, interested parties should read in their entirety the prospectus supplement and the accompanying prospectus and the other documents that the Company has filed/will file with the SEC that are incorporated by reference in such prospectus supplement and the accompanying prospectus, which provide more information about the Company and such offering.
About Superior Drilling Products, Inc.
Superior Drilling Products, Inc. is an innovative, cutting-edge drilling tool technology company providing cost saving solutions that drive production efficiencies for the oil and natural gas drilling industry. The Company designs, manufactures, repairs and sells drilling tools. SDP drilling solutions include the patented Drill-N-Ream® wellbore conditioning tool and the patented Strider™ oscillation system technology. In addition, SDP is a manufacturer and refurbisher of PDC (polycrystalline diamond compact) drill bits for a leading oil field service company. SDP operates a state-of-the-art drill tool fabrication facility, where it manufactures its solutions for the drilling industry, as well as customers’ custom products. The Company’s strategy for growth is to leverage its expertise in drill tool technology and innovative, precision machining in order to broaden its product offerings and solutions for the oil and gas industry.
Additional information about the Company can be found at: www.sdpi.com.
Forward-Looking Statements
This news release contains forward-looking statements and information that are subject to a number of risks and uncertainties, many of which are beyond our control. All statements, other than statements of historical fact included in this release, including, without limitations, the anticipated timing of the consummation of the offering and other statements that are predictive in nature. The use of words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project", "forecast," "should" or "plan, and similar expressions are intended to identify forward-looking statements, although not all forward -looking statements contain such identifying words. These statements reflect the beliefs and expectations of the Company and are subject to risks and uncertainties that may cause actual results to differ materially. These risks and uncertainties include, among other factors, the duration of the COVID-19 pandemic and related impact on the oil and natural gas industry, the effectiveness of success at expansion in the Middle East, options available for market channels in North America, the deferral of the commercialization of the Strider technology, the success of the Company’s business strategy and prospects for growth; the market success of the Company’s specialized tools, effectiveness of its sales efforts, its cash flow and liquidity; financial projections and actual operating results; the amount, nature and timing of capital expenditures; the availability and terms of capital; competition and government regulations; and general economic conditions. These and other factors could adversely affect the outcome and financial effects of the Company’s plans and described herein. The Company undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date hereof.
For more information, contact investor relations:
Deborah K. Pawlowski
Kei Advisors LLC
(716) 843-3908
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AKRON, Ohio--(BUSINESS WIRE)--$BW #asiapower--Babcock & Wilcox (B&W) (NYSE: BW) announced today that its B&W Thermal segment has received an order for approximately $7 million to provide equipment and services for a utility customer in Southeast Asia.
B&W will design, supply, install and commission boiler cleaning equipment and controls and provide other services for an upgrade project for the customer’s plant.
“Our growth strategy in the Asia-Pacific region continues to gain momentum,” said Jimmy Morgan, B&W Chief Operating Officer. “We see tremendous opportunities for our business in Southeast Asia, Australia and elsewhere and we are strategically pursuing core technology work throughout these areas.”
Since announcing the creation of its Asia-Pacific headquarters last year, B&W has added significant resources in the region, including business development and sales representatives, project managers and others.
B&W’s focus for the Asia-Pacific region includes upgrades, parts, equipment and other services to customers in the renewable, environmental, power and industrial markets, including to under-serviced local markets and the pulp & paper and petrochemical sectors.
About Babcock & Wilcox
Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises, Inc. is a global leader in energy and environmental technologies and services for the power and industrial markets. Follow us on LinkedIn and learn more at www.babcock.com.
About B&W Thermal
Babcock & Wilcox Thermal designs, manufactures and erects steam generation equipment, aftermarket parts, construction, maintenance and field services for plants in the power generation, oil & gas, and industrial sectors. Babcock & Wilcox Thermal has an extensive global base of installed equipment for utilities and general industrial applications including refining, petrochemical, food processing, metals and more.
Forward-Looking Statements
B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to the receipt of an order to provide equipment and services to a utility customer in Southeast Asia, as well as opportunities for growth of its Asia-Pacific business. These forward-looking statements are based on management’s current expectations and involve a number of risks and uncertainties. For a more complete discussion of these risk factors, see our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K. If one or more of these risks or other risks materialize, actual results may vary materially from those expressed. We caution readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and we undertake no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.
Investor Contact:
Megan Wilson
Vice President, Corporate Development & Investor Relations
Babcock & Wilcox
704.625.4944 | This email address is being protected from spambots. You need JavaScript enabled to view it.
Media Contact:
Ryan Cornell
Public Relations
Babcock & Wilcox
330.860.1345 | This email address is being protected from spambots. You need JavaScript enabled to view it.
PARIS--(BUSINESS WIRE)--Regulatory News:
Technip Energies (PARIS:TE) has been awarded an Engineering, Procurement, Construction and Commissioning (EPCC) contract by NTPC for its Proton Exchange Membrane (PEM) Based Hydrogen Generation Plant project at Vindhyachal, Madhya Pradesh, India.
The EPCC contract covers the delivery of a 5 MW Hydrogen Generation Plant using Proton Exchange Membrane (PEM) Electrolysis technology at a Super Thermal Power station. This project is suited for a large scale green hydrogen production facility as power to Electrolyzer can be replaced with renewable electricity in the future.
NTPC is setting up this plant along with two other units – the first, a CO2 capture facility that captures CO2 from flue gas stream of the coal fired power plant and the second being a Methanol unit that uses the captured CO2 and the Hydrogen through PEM Electrolyzer being supplied by Technip Energies to convert it into green Methanol.
Davendra Kumar, Senior Vice President India Business Unit at Technip Energies commented: “We are pleased to have been awarded this PEM based hydrogen project by NTPC. This award illustrates our commitment to Energy Transition and our strong project management capabilities in carbon-free energies. It is an honor to be part of one of the first ever PEM based hydrogen project in India of this scale in the country, marking a significant step towards decarbonization of the Indian energy sector.”
To know more about Technip Energies’ capabilities in green hydrogen:
Technip Energies is ready to lead the hydrogen wave in both decarbonized and carbon-free applications. With our 50-year track record in the sector, we are leveraging our expertise, proprietary technologies, wide-ranging partnerships and execution excellence to accelerate the energy transition and our commitment to a low-carbon society.
Learn more on: https://www.technipenergies.com/markets/hydrogen
About Technip Energies
Technip Energies is a leading Engineering & Technology company for the energy transition, with leadership positions in Liquefied Natural Gas (LNG), hydrogen and ethylene as well as growing market positions in blue and green hydrogen, sustainable chemistry and CO2 management. The company benefits from its robust project delivery model supported by extensive technology, products and services offering.
Operating in 34 countries, our 15,000 people are fully committed to bringing our client’s innovative projects to life, breaking boundaries to accelerate the energy transition for a better tomorrow.
Technip Energies is listed on Euronext Paris with American depositary receipts (“ADRs”). For further information: www.technipenergies.com.
Important Information for Investors and Securityholders
Forward-Looking Statement
This release contains “forward-looking statements” as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements usually relate to future events and anticipated revenues, earnings, cash flows or other aspects of Technip Energies’ operations or operating results. Forward-looking statements are often identified by the words “believe,” “expect,” “anticipate,” “plan,” “intend,” “foresee,” “should,” “would,” “could,” “may,” “estimate,” “outlook,” and similar expressions, including the negative thereof. The absence of these words, however, does not mean that the statements are not forward-looking. These forward-looking statements are based on Technip Energies’ current expectations, beliefs and assumptions concerning future developments and business conditions and their potential effect on Technip Energies. While Technip Energies believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting Technip Energies will be those that Technip Energies anticipates.
All of Technip Energies’ forward-looking statements involve risks and uncertainties (some of which are significant or beyond Technip Energies’ control) and assumptions that could cause actual results to differ materially from Technip Energies’ historical experience and Technip Energies’ present expectations or projections. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those set forth in the forward-looking statements. For information regarding known material factors that could cause actual results to differ from projected results, please see Technip Energies’ risk factors set forth in Technip Energies’ filings with the U.S. Securities and Exchange Commission, which include amendment no. 4 to Technip Energies’ registration statement on Form F-1 filed on February 11, 2021.
Forward-looking statements involve inherent risks and uncertainties and speak only as of the date they are made. Technip Energies undertakes no duty to and will not necessarily update any of the forward-looking statements in light of new information or future events, except to the extent required by applicable law.
Investor relations
Phil Lindsay
Vice-President Investor Relations
Tel: +44 203 429 3929
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Media relations
Stella Fumey
Director Press Relations & Digital Communications
Tel: +33 (1) 85 67 40 95
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Jason Hyonne
Press Relations & Social Media Lead
Tel: +33 1 47 78 22 89
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ALEXANDRIA, Va.--(BUSINESS WIRE)--VSE Corporation (NASDAQ: VSEC), a leading provider of aftermarket distribution and maintenance, repair and overhaul (MRO) services for land, sea and air transportation assets supporting government and commercial markets, today announced that it will issue third quarter 2021 results after market close on Wednesday, October 27, 2021. A conference call will be held Thursday, October 28, 2021, at 8:30 A.M. ET to review the Company’s financial results, discuss recent events and conduct a question-and-answer session.
A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of VSE’s website at https://ir.vsecorp.com. To listen to the live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register, download and install any necessary audio software.
To participate in the live teleconference:
Domestic Live:
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(877) 407-0789
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To listen to a replay of the teleconference through November 11, 2021:
Domestic Replay:
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(844) 512-2921
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ABOUT VSE CORPORATION
VSE is a leading provider of aftermarket distribution and repair services for land, sea and air transportation assets for government and commercial markets. Core services include maintenance, repair and overhaul (MRO) services, parts distribution, supply chain management and logistics, engineering support, and consulting and training services for global commercial, federal, military and defense customers. VSE also provides information technology and energy consulting services. For additional information regarding VSE’s services and products, visit us at www.vsecorp.com.
FORWARD LOOKING STATEMENTS
This release contains statements that, to the extent they are not recitations of historical fact, constitute “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. All such statements are intended to be subject to the safe harbor protection provided by applicable securities laws. For discussions identifying some important factors that could cause actual VSE results to differ materially from those anticipated in the forward-looking statements in this news release, see VSE’s public filings with the Securities and Exchange Commission. The forward-looking statements included herein are only made as of the date hereof, and VSE specifically disclaims any obligation to update these statements in the future.
INVESTOR RELATIONS: Noel Ryan | Phone: 720.778.2415 | This email address is being protected from spambots. You need JavaScript enabled to view it.
LONDON--(BUSINESS WIRE)--Ecofin is marking the 5-year anniversary of Ecofin Global Utilities and Infrastructure Trust plc (“EGL” or “the Company”), the closed-end fund it manages which invests in listed infrastructure securities (utilities, transportation and environmental services) globally. EGL targets a total return (including dividends) of 6-12%, and since the Company’s admission to the London Stock Exchange on 26 September, 2016, has grown net assets significantly (by 71.2%, or 11.3% per annum) and delivered a total shareholder return of 120.2%, or 17.1% per annum (to 30 September, 2021, assuming a reinvestment of dividends), significantly outperforming the returns on the sector indices (the S&P Global Infrastructure Index and the MSCI World Utilities Index) and the MSCI ACWI over the same period.
Ecofin’s listed infrastructure strategy seeks to deliver long-term capital growth and attractive levels of dividend income to shareholders by investing in companies whose core assets respond to essential needs, operate within solid regulatory frameworks, and have predictable and sustainable cash flows. Infrastructure globally requires major investment as a significant proportion is obsolete, in poor condition, or inadequate to cope with the development of and demand for renewable energies. The policy environment is rapidly becoming much more supportive too, in view of increasingly ambitious government and corporate sustainability commitments, just as renewables have become the cheapest sources of electricity in most areas of the world. Capital expenditure targeted at the decarbonisation of the energy system underpins the profitable growth which EGL’s portfolio companies will enjoy over the coming years.
“Business models in EGL’s sectors are rapidly adapting to a world which increasingly prioritizes decarbonisation, prompting a gradual re-rating of the investment universe and a narrowing of the valuation gap with equivalent privately held infrastructure assets,” said Jean-Hugues de Lamaze, EGL’s Portfolio Manager. “Companies are on the verge of substantial improvements in their growth trajectories driven by shifts in capital allocation, whether through transformational transactions (acquisitions, disposals or spin-offs) or more gradually. These corporate actions and recalibrations are offering, we believe, significant value-creation opportunities.”
| Performance (to 30 September 2021) | ||||
(all total returns in £) |
1 Y % |
3 Y % |
5 Y % |
Since Admission* % |
EGL NAV |
22.9 |
52.4 |
73.4 |
71.2 |
EGL Share Price |
28.9 |
80.1 |
105.3 |
120.2 |
S&P Global Infrastructure Index |
17.1 |
14.5 |
23.1 |
22.1 |
MSCI World Utilities Index |
3.5 |
23.3 |
37.0 |
34.1 |
*26 September 2016. |
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Performance is shown on a total return basis, i.e., assuming reinvestment of dividends. |
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Please click here for standardized performance and to learn more about the Company.
Performance presented is in Sterling. Past performance is not a guarantee of future results.
About Ecofin
Ecofin is a sustainable investment firm dedicated to uniting ecology and finance. Our mission is to generate strong risk-adjusted returns while optimizing investors’ impact on society. We are socially minded, ESG-attentive investors, harnessing years of expertise investing in sustainable infrastructure, energy transition, clean water & environment and social impact. Our strategies are accessible through a variety of investment solutions and seek to achieve positive impacts that align with UN Sustainable Development Goals by addressing pressing global issues surrounding climate action, clean energy, water, education, healthcare and sustainable communities. Ecofin Investments, LLC is the parent of registered investment advisers Ecofin Advisors, LLC and Ecofin Advisors Limited (collectively "Ecofin"). To learn more, please visit www.ecofininvest.com.
This document is issued in relation to Ecofin Global Utilities and Infrastructure Trust plc (“EGL”) by Ecofin Advisors Limited (the “Investment Manager”) which is authorised and regulated by the Financial Conduct Authority. EGL is an investment trust incorporated in the United Kingdom and whose shares are listed on the premium segment of the Official List and trade on the main market for listed securities of the London Stock Exchange. The promotion of EGL and the distribution of this document inside and outside the United Kingdom is also restricted by law.
This document does not constitute or form part of any offer to issue or sell, or any solicitation of any offer to subscribe or purchase, any shares in EGL. The information contained in this document is for background purposes only and does not purport to be full or complete. The Investment Manager believes that the source of the information disclosed in this document is reliable. However, no representation, warranty or undertaking, express or implied, is given as to the completeness of the information contained in this document by the Investment Manager, and no liability is accepted by the Investment Manager for the completeness of any such information.
The S&P Global Infrastructure Index is designed to track 75 companies from around the world chosen to represent the listed infrastructure industry while maintaining liquidity and tradability. To create diversified exposure, the index includes three distinct infrastructure clusters: energy, transportation, and utilities. The MSCI World Utilities Index is a free float-adjusted market capitalization-weighted index that is designed to measure the equity market performance of developed markets in the utilities sector. The MSCI ACWI Index captures large and mid cap representation across developed markets and emerging markets countries. The index covers approximately 85% of the global investable equity opportunity set. It is not possible to invest directly in an index.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains certain statements that may include “forward-looking statements. All statements, other than statements of historical fact, included herein are "forward-looking statements." Although EGL 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 EGL’s reports. 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, EGL and Ecofin do not assume a duty to update this forward-looking statement.
Maggie Zastrow at +1 913 981 1020 or This email address is being protected from spambots. You need JavaScript enabled to view it.
SANTA CLARITA, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) announced today that it will host its third quarter 2021 financial results conference call on Thursday, November 11th at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time). The Company’s earnings will be released before the market open on the same date.
We encourage participants to pre-register for the conference call using the following link https://dpregister.com/sreg/10160036/ed00623af0. 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.
Furthermore, certain of the Company’s executives will be participating in the following virtual events in November and December of 2021:
CRC’s presentation materials will be available the day of the events on the Events and Presentations page in the Investor Relations section on 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.
Joanna Park (Investor Relations)
818-661-3731
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Richard Venn (Media)
818-661-6014
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LONDON--(BUSINESS WIRE)--Vortexa today announced a data partnership with The Baltic Exchange, which makes its freight pricing benchmarks available alongside Vortexa analytics.
Vortexa’s forward view of tonnage supply up to 35 days ahead along with real-time tonne-mile demand data at the highest frequency and granularity available in the freight markets are rapidly transforming chartering and positioning decisions among Vortexa's existing clients including trading houses, shipowners and oil majors.
The integration of The Baltic Exchange freight prices with Vortexa's real-time supply and demand freight analytics will empower users to identify, optimise and time opportunities in the freight markets at much greater speed and accuracy.
Fabio Kuhn, Vortexa’s CEO said: "It's the first time that predictive and real-time freight analytics and pricing are brought this close. This unparalleled view will unlock an immense competitive edge to market participants in a fast-evolving playing field".
Mark Jackson, Baltic Exchange’s CEO said: ‘’Vortexa analytics are hugely respected and we’re delighted to collaborate. This partnership adds value to Vortexa users and increases the footprint of The Baltic Exchange as the world’s leading source of independent maritime market data.”
About Vortexa
Vortexa provides market-leading real-time data and advanced analytics for energy and shipping markets. With the most accurate and complete picture of flows and freight dynamics, Vortexa covers crude oil, refined products, LPG and LNG, across all vessel classes. We help traders, analysts and shipping professionals gain a competitive edge into complex and opaque markets by making better trading decisions with confidence. Vortexa is a multidisciplinary force of over 100 employees combining the best of energy and shipping expertise, data science and engineering across three major hubs in London, Singapore and Houston.
About The Baltic Exchange
The Baltic Exchange is the world's leading independent source of maritime market information for the trading and settlement of physical and derivative contracts. Its international community of over 640 members encompasses the majority of world shipping interests and commits to a code of business conduct overseen by the Baltic. Baltic Exchange members are responsible for a large proportion of all dry cargo and tanker fixtures as well as the sale and purchase of merchant vessels. In November 2016, the Baltic Exchange was acquired by Singapore Exchange (“SGX”), bringing together complementary strengths of Singapore and London, two of the world’s most important maritime centres.
Media:
Vortexa: Emma Boyle, Senior Communications Executive
T: +44 (0) 7814767321; E: This email address is being protected from spambots. You need JavaScript enabled to view it.
The Baltic Exchange: Bill Lines
T: +44 (0) 2033268460; E: This email address is being protected from spambots. You need JavaScript enabled to view it.
AUSTIN, Texas--(BUSINESS WIRE)--USA Compression Partners, LP (NYSE: USAC) (“USA Compression”) today announced a cash distribution of $0.525 per common unit ($2.10 on an annualized basis) for the third quarter of 2021. The distribution will be paid on November 5, 2021, to unitholders of record as of the close of business on October 25, 2021.
Third Quarter 2021 Earnings Conference Call
In addition, USA Compression will release its third quarter 2021 results prior to the opening of U.S. financial markets on Tuesday, November 2. Management will conduct an investor conference call the same day starting at 11 a.m. Eastern Time (10 a.m. Central Time) to discuss financial and operating results. The call will be broadcast live over the internet. Investors may participate either by phone or audio webcast.
By Phone: |
Dial 800-367-2403 inside the U.S. and Canada at least 10 minutes before the call and ask for the USA Compression Partners Earnings Call. Investors outside the U.S. and Canada should dial 334-777-6978. The conference ID for both is 6819739. |
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A replay of the call will be available through November 12, 2021. Callers inside the U.S. and Canada may access the replay by dialing 888-203-1112. Investors outside the U.S. and Canada should dial 719-457-0820. The conference ID for both is 6819739. |
By Webcast: |
Connect to the webcast via the “Events” page of USA Compression’s Investor Relations website at http://investors.usacompression.com. Please log in at least 10 minutes in advance to register and download any necessary software. A replay will be available shortly after the call. |
ABOUT USA COMPRESSION PARTNERS, LP
USA Compression Partners, LP is a growth-oriented Delaware limited partnership that is one of the nation’s largest independent providers of natural gas compression services in terms of total compression fleet horsepower. USA Compression partners with a broad customer base composed of producers, processors, gatherers and transporters of natural gas and crude oil. USA Compression focuses on providing natural gas compression services to infrastructure applications primarily in high-volume gathering systems, processing facilities and transportation applications. More information is available at usacompression.com.
NON-U.S. WITHHOLDING INFORMATION
This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent (100.0%) of USA Compression’s distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, USA Compression’s distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.
FORWARD-LOOKING STATEMENTS
Statements in this press release may be forward-looking statements as defined under federal law. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties and factors, many of which are outside the control of USA Compression, and a variety of risks that could cause results to differ materially from those expected by management of USA Compression. USA Compression undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time.
Matt Liuzzi / 512-369-1624
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LONDON--(BUSINESS WIRE)--EO Charging (“EO”), a leading provider of technology-enabled turnkey solutions for electric vehicle (“EV”) fleets, has partnered with Mercedes-Benz Vans to provide customers with electric vehicle chargers, charge point management software and ongoing support & maintenance.
Anyone purchasing an electric van bearing the three-pointed star can benefit from the new partnership. For retail customers whose vehicle batteries will be charged at home, the EO charge point will be supplied and installed free of charge. Fleets and small businesses ordering vehicles for operation from one or more depots can also purchase EO chargers from Mercedes-Benz and its official UK Retail network at attractive rates.
Key to Mercedes-Benz Vans’ decision to engage in the new partnership was the industry-leading service and maintenance package that EO provides to customers through the installation and life of the charger. EO recently executed a program covering several thousand AC chargers at more than 50 sites across six countries for one of its clients. As part of the charging program, EO resolved any Europe-wide on-site or remote issue in an average time of under three hours.
Mercedes-Benz Vans UK will be delivering 168 eSprinters to the British business unit of parcel service provider Hermes, while other fleet operators now running its electric models include the likes of Amazon, Clancy, Co-op, DPD and Royal Mail. Recognising that this new technology is still in its infancy, Mercedes-Benz Vans Dealers are also focused on helping customers of all sizes make the leap to electric.
Charlie Jardine, CEO and Founder of EO, commented: “Making the switch to an electric vehicle can be daunting for businesses and the everyday EV driver. Too often do drivers leave a dealership without having received any education on how charging works - we want to put a stop to this in partnership with Mercedes-Benz Vans.
“The partnership is testament to the reliability and success we’ve already achieved having worked indirectly with Mercedes-Benz Vans and is another significant step on our roadmap to becoming the global leader in charging electric car, van, truck and bus fleets.”
The manufacturer’s strategic agreement with EO reflects its ‘Ambition 2039’ climate-neutral mobility goal and commitment to assist operators in making the transition from diesel- to battery-powered vehicles.
The Mercedes-Benz Vans range includes fully-electric eSprinter and eVito variants, while the first right-hand drive eCitans are set to arrive in the UK roads towards the end of next year. All produce zero tailpipe emissions.
Kevin Ferris, Head of Electric Mobility, Mercedes-Benz Vans UK, added: “We are committed to the pursuit of emission-free mobility and sustainable vehicle production and it is crucial as we work towards these goals that we do so with partners we trust. This explains why Mercedes-Benz Vans UK has chosen to add EO as a charging partner.
“Our pledge to those contemplating the switch to electric is that we will be at their side to support them on their journeys to a cleaner, ‘greener’ future. Given its well proven capabilities and advanced technology, I have every confidence in EO’s ability to assist our customers by making the transition as simple as possible.”
As Mercedes-Benz Vans’ EV technology continues to evolve over the years to come, EO’s experts will be available to support established customers and new converts to the brand in adopting more sustainable transport solutions.
EO Charging recently announced an agreement for a business combination with First Reserve Sustainable Growth Corp. (NASDAQ: FRSG), which is expected to result in EO Charging becoming a public company listed on the NASDAQ exchange.
Notes to Editors
About EO
EO Charging (EO) is a leading technology solutions provider in the EV sector. EO designs and manufactures EV charging stations and hardware-agnostic cloud-based charge-point management software for fleets at its headquarters in the UK. EO also provides installation services and ongoing operations and maintenance services across its fleet customer base.
Founded in 2014, EO’s technology is used by a number of the world’s largest businesses and fleet operators and it now distributes to over 35 countries around the world. It aims to become the global leader in charging electric van, truck, bus and car fleets.
EO was ranked number 27 on the Financial Times’ FT1000 list of Europe’s fastest-growing companies. EO Charging previously announced an agreement for a business combination with First Reserve Sustainable Growth Corp. (NASDAQ: FRSG), which is expected to result in EO Charging becoming a public company listed on the NASDAQ exchange.
To learn more, please visit www.EOcharging.com and follow us @EOCharging on Twitter and LinkedIn.
About Mercedes-Benz Vans UK
Mercedes-Benz has been at the forefront of commercial vehicle innovation for over 120 years. From the world’s first motorised van in 1896, through to the emissions-free, shape-shifting, drone-compatible Vision URBANETIC concept vehicles of the future, the brand constantly drives change to keep businesses and lives moving.
Today, Mercedes-Benz Vans’ award-winning range of cargo and people-carrying vehicles leads the field in terms of flexibility, safety, on-board technology, reliability. In addition to diesel-engined versions of the small Citan, versatile mid-sized Vito, and Sprinter large van and chassis cab, the line-up includes fully electric eVito and eSprinter variants.
Mercedes-Benz Vans is transforming from a vehicle manufacturer to a provider of holistic transportation and mobility solutions, and offers a portfolio of services designed to keep businesses moving, including Mercedes-Benz Finance funding, Mercedes PRO connect in-built telematics, and flexible, cost-effective Service Care plans. Mercedes-Benz Vans UK’s dedicated Dealer network operates from 110 locations and provides round-the-clock aftersales support, including free Mobilo Van emergency roadside assistance.
For more information about Mercedes-Benz Vans, please visit www.mbvans.co.uk.
Forward Looking Statements
The information in this press release includes "forward-looking statements". All statements, other than statements of present or historical fact included in this press release, regarding the proposed business combination between First Reserve Sustainable Growth Corp. (“FRSG”), Juuce Limited (the “Company”) and EO Charging (“EO”), each of such parties’ ability to consummate the transaction, the benefits of the transaction and the combined company's future financial performance, as well as the combined company's strategy, future operations, estimated financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of management are forward-looking statements. When used in this press release, the words "could," "should," "will," "may," "believe," "anticipate," "intend," "estimate," "expect," "project," the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management's current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, FRSG, the Company and EO disclaim any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. FRSG, the Company and EO caution you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of any of FRSG, the Company or EO. In addition, FRSG, the Company and EO caution you that the forward-looking statements contained in this press release are subject to the following factors: (i) the occurrence of any event, change or other circumstances that could delay the business combination or give rise to the termination of the Business Combination Agreement and Plan of Reorganization, dated as of August 12, 2021, by and among FRSG, FRSG Merger Sub Inc., EO and the Company, and the other agreements related to the business combination (including catastrophic events, acts of terrorism, the outbreak of war, COVID-19 and other public health events), as well as management’s response to any of the foregoing; (ii) the outcome of any legal proceedings that may be instituted against FRSG, the Company, EO, their affiliates or their respective directors and officers following announcement of the transactions; (iii) the inability to complete the business combination due to the failure to obtain approval of the stockholders of FRSG, regulatory approvals, or other conditions to closing in the transaction agreement; (iv) the risk that the proposed business combination disrupts FRSG's or the Company's current plans and operations as a result of the announcement of the transactions; (v) the Company's and EO’s ability to realize the anticipated benefits of the business combination, which may be affected by, among other things, competition, the pace and depth of EV adoption generally, and the ability of the Company to accurately estimate supply and demand for its EV charging products and services, and to grow and manage growth profitably following the business combination; (vi) risks relating to the uncertainty of the projected financial information with respect to the Company, including the conversion of pre-orders into binding orders; (vii) costs related to the business combination; (viii) changes in applicable laws or regulations, governmental incentives and fuel and energy prices; (ix) the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; (x) the amount of redemption requests by FRSG’s public stockholders; and (xi) such other factors affecting FRSG that are detailed from time to time in FRSG’s filings with the Securities and Exchange Commission (the "SEC"). Should one or more of the risks or uncertainties described in this press release, or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in FRSG's final prospectus for its initial public offering, which was filed with the SEC on March 5, 2021, and its periodic filings with the SEC, including its Quarterly Report on Form 10-Q for quarterly period ended June 30, 2021. FRSG's SEC filings are available publicly on the SEC's website at www.sec.gov.
Important Information for Investors and Stockholders
In connection with the proposed business combination, a registration statement on Form F-4 that includes a preliminary proxy statement/prospectus has been filed by EO with the SEC. After the registration statement is declared effective, the definitive proxy statement will be distributed to FRSG’s stockholders in connection with FRSG’s solicitation for proxies for the vote by FRSG’s stockholders in connection with the proposed business combination and other matters as described in the Form F-4, as well as a definitive prospectus of EO relating to the offer of the securities to be issued in connection with the completion of the business combination. Copies of the Form F-4 may be obtained free of charge at the SEC's website at www.sec.gov. FRSG’s stockholders are urged to read the preliminary proxy statement/prospectus and the other relevant materials (including, when available, the definitive proxy statement/prospectus) when they become available before making any voting decision with respect to the proposed business combination because they will contain important information about the business combination and the parties to the business combination. 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.
No Offer or Solicitation
This communication is not a proxy statement or solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the proposed business combination and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of FRSG, EO or Juuce, nor shall there be any sale of any such 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 state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act, as amended, or exemptions therefrom.
Participants in the Solicitation
FRSG, the Company and EO and their respective directors and officers may be deemed participants in the solicitation of proxies of FRSG's stockholders in connection with the proposed business combination. Security holders may obtain more detailed information regarding the names, affiliations and interests of certain of FRSG's executive officers and directors in the solicitation by reading FRSG's final prospectus for its initial public offering, which was filed with the SEC on March 5, 2021, and the proxy statement/prospectus and other relevant materials filed with the SEC in connection with the business combination when they become available. Information concerning the interests of FRSG's, the Company’s and EO’s 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.
SEC Newgate UK
Ian Morris / Sophie Morello / Jessica Hodson Walker / Tim Le Couilliard
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Impact Communications:
Steve Warren: 07770 470251, This email address is being protected from spambots. You need JavaScript enabled to view it.
John Ripley: 07771 484595, This email address is being protected from spambots. You need JavaScript enabled to view it.
MIAMI--(BUSINESS WIRE)--World Fuel Services Corporation (NYSE:INT) invites you to participate in a conference call with its management team on Thursday, October 28, 2021 at 5:00PM Eastern Time to discuss the Company’s third quarter results, as well as certain forward-looking information. The Company plans to release its third quarter results after the market closes on the same date.
The live conference call will be accessible by telephone at (833) 562-0141 (within the United States and Canada) or (661) 567-1221 (International). Audio replay of the call will be available through November 4, 2021. The replay numbers are: (855) 859-2056 (within the United States and Canada) and (404) 537-3406 (International). The call ID is 6361134.
The conference call will also be available via live webcast. The live webcast may be accessed by visiting the Company’s website at www.wfscorp.com and clicking on the webcast icon. An archive of the webcast will be available on the Company’s website two hours after the completion of the live call and will remain available until November 11, 2021.
About World Fuel Services Corporation
Headquartered in Miami, Florida, World Fuel Services is a global energy management company involved in providing supply fulfillment, energy procurement advisory services, and transaction and payment management solutions to commercial and industrial customers, principally in the aviation, marine and land transportation industries. World Fuel Services sells fuel and delivers services to its clients at more than 8,000 locations in more than 200 countries and territories worldwide.
For more information, call 305-428-8000 or visit www.wfscorp.com.
Ira M. Birns
Executive Vice President & Chief Financial Officer
or
Glenn Klevitz, Vice President, Treasurer & Investor Relations
305-428-8000
‘Globehopper Edge’ is a self-sustaining, zero-maintenance wireless device delivering constant intermodal visibility
ZURICH & DALLAS--(BUSINESS WIRE)--Logistics digitization pioneer, Nexxiot, the leading provider of cargo IoT solutions around the world, has unveiled its latest gateway device for intermodal shipping containers that will revolutionize the global cargo industry through unparalleled big data traceability and visibility of critical assets.
The Globehopper Edge (pictured) is a self-sustaining wireless connectivity device, capable of transmitting thousands of data points a day from onboard sensors that relay crucial information about a container and its cargo. This includes information on precise location, acceleration and environmental conditions. It is designed to communicate in real time with Nexxiot Connect, the company’s customizable, cloud-based software solution. Globehopper Edge optimizes asset utilization through advanced Big Data processing and AI-powered machine learning that has proven to positively impact on-time performance, asset utilization and achieve intermodal shipping efficiencies at a new level. The device also connects wirelessly to additional sensors which can be placed inside the cargo and to the Nexxiot door open/closed sensor and even to third-party versions.
Nexxiot CEO Stefan Kalmund said: “Combining state-of-the-art sensors, gateways and global connectivity, Globehopper Edge is the most advanced cargo monitoring device in the world today with the present and future capabilities to provide our customers with the most accurate and reliable information possible about their cargo, ensuring unsurpassed accountability across all modes of shipping.”
Custom engineered by Nexxiot’s own Zurich based R&D lab, Globehopper Edge is built using the most advanced engineering methods and is designed for effortless use. As with all devices in the company’s hardware suite, it is solar powered and built to provide zero-maintenance connectivity with a guaranteed lifetime of more than six years. The device is fitted to the outside of a standard shipping container and is onboarded and paired within 90 seconds, providing access to essential data, powerful dashboards and actionable insights for many years into the future.
Kalmund added: “Nexxiot is focused on the highest strategic level of supply chain digitization and optimization. We work in close collaboration with our clients and partners at the C-suite level to define optimal shipping performance outcomes, then deploy our technology to achieve those results. By remaining focused on the most impactful mega-trends across the shipping world, we are redefining the standards and capabilities for future-proof TradeTech.”
Nexxiot Co-Founder Daniel MacGregor has always had a clear goal to drive positive change for both people and planet. His ambition is to reduce world-wide supply chain emissions by five percent over the next five years by preventing empty moves and by removing process inefficiencies around ports and shipping hubs. MacGregor said: “We created Globehopper Edge to take that next step in trade facilitation. Aimed squarely at the 30 million standard intermodal containers that travel around the planet, the rugged IP65, custom engineered, energy harvesting hardware provides unprecedented access to critical data to enable radical transformation for all participants and stakeholders in the global value network of trade, finance and transportation.”
Already a dominant presence in the digitization of European cargo shipping, Nexxiot has been building up its Dallas-based U.S. team of engineers and technicians to help fuel the company's expansion throughout the North American market.
Globehopper Edge arrives at a critical inflection point for the global shipping industry as an unprecedented 70+ container vessels languish off the coast of Los Angeles, unable to offload their cargo. The industry must master wide-scale supply-chain disruptions around commodities and consumer products as well as a total lack of asset and cargo transparency on a global scale. TradeTech powerhouse Nexxiot is on a mission to deliver a new standard in IoT employing advanced data driven intermodal visibility at just the right moment.
About Nexxiot
Nexxiot AG is a driver of the digital logistics of tomorrow. An industry leader in the digitalization of cargo transportation, Nexxiot empowers global shipping companies and suppliers to harness the power of their data through proprietary, cutting-edge technology and integrated data solutions to track, find and protect cargo from more than 160 countries around the world and across 450 network roaming partners to ensure accountability, security and efficiency. Headquartered in Zurich, Nexxiot operates throughout Europe and the U.S., employing people from 22 countries. The company’s secure, industry leading Cloud comprises data from over 3 billion miles traveled. Committed to sustainability through corporate and social responsibility, Nexxiot’s goal is to enable a five percent reduction in global carbon dioxide emissions in the logistic industry by increasing cargo transport efficiency and eliminating waste caused by empty runs and inefficient routes. https://nexxiot.com/.
U.S. Press: David Simpson, The LAKPR Group
914.262.2950 or This email address is being protected from spambots. You need JavaScript enabled to view it.
Company provides conference call details
PHOENIX--(BUSINESS WIRE)--onsemi (Nasdaq: ON) plans to announce its financial results for the third quarter, which ended Oct 1, 2021, before the market opens on Monday, Nov. 1, 2021.
The company will host a conference call at 9 a.m. Eastern Time (EDT) on Nov 1, 2021, following the release of its financial results. Investors and interested parties can access the conference call in the following manner:
About onsemi
onsemi (Nasdaq: ON) is driving disruptive innovations to help build a better future. With a focus on automotive and industrial end-markets, the company is accelerating change in megatrends such as vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure. With a highly differentiated and innovative product portfolio, onsemi creates intelligent power and sensing technologies that solve the world’s most complex challenges and leads the way in creating a safer, cleaner and smarter world. For more information, visit http://www.onsemi.com.
onsemi and the onsemi logo are trademarks of Semiconductor Components Industries, LLC. All other brand and product names appearing in this document are registered trademarks or trademarks of their respective holders. Although the company references its website in this news release, such information on the website is not to be incorporated herein.
Stefanie Cuene
Public Relations Manager
onsemi
(602) 244-3402
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Parag Agarwal
Vice President - Investor Relations & Corporate Development
onsemi
(602) 244-3437
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Oversubscribed round completed less than six months after Series A, brings total raised to $85 million
LOS ANGELES--(BUSINESS WIRE)--#aerospace--Universal Hydrogen Co., the company leading the fight to decarbonize aviation through the adoption of hydrogen as a universal fuel, today announced a funding round yielding $62 million in new capital. New investors in the round include Mitsubishi HC Capital, Tencent, Stratos, GE Aviation, Waltzing Matilda Aviation, Fourth Realm, Hawktail, Marc Benioff’s TIME Ventures, Jeff Wilke, and Spencer Rascoff’s 75 and Sunny Ventures. The company’s prior financing round in April 2021 included Playground Global, Fortescue Future Industries, Coatue, Global Founders Capital, Plug Power, Airbus Ventures, JetBlue Technology Ventures, Toyota Ventures, Sojitz, Future Shape, and Trucks, most of whom also participated in the current round. This brings Universal Hydrogen’s total capital raised to date to $85 million.
When every day counts in the fight against catastrophic climate change, this funding will enable Universal Hydrogen to conduct the first test flight of its hydrogen fuel cell powertrain on a 40+ passenger regional airliner in 2022 at Moses Lake, Washington. The green hydrogen for the flight will be supplied using Universal Hydrogen’s modular fuel capsules that enable the delivery of hydrogen from the point of production directly to the aircraft using the existing freight network and airport cargo handling equipment—without the need for any new infrastructure. The proprietary modular capsule technology is significantly lighter than the current state of the art in hydrogen storage and is designed from first principles for flight and ground transport safety certification.
The company anticipates entry into commercial service in 2025 with a certified retrofit conversion kit for existing ATR 72 and De Havilland Canada Dash-8 regional airliners and a green hydrogen fuel services offering. Together, these will provide regional operators with unit economics that are equivalent or better than those of conventional jet fuel-powered variants of the aircraft. Universal Hydrogen has secured a substantial commercial order pipeline, including previously-announced LOIs from Icelandair, Air Nostrum, Ravn Alaska, and ASL Aviation Holdings.
“Universal Hydrogen has attracted an incredible investor syndicate, representing key strategic and financial partners across Europe, the United States, Asia, and Australia,” said Peter Barrett, General Partner at Playground Global and a member of Universal Hydrogen’s Board of Directors. “This is a testament to the company’s pragmatic approach to the monumental—even existential—challenge of our generation and the world-class team that Universal Hydrogen has catalyzed around it.”
“While regional aviation represents a sizable market opportunity and an important early proof point in the fight against climate change, it is a small fraction of total aviation emissions,” said Paul Eremenko, co-founder and CEO of Universal Hydrogen. “If we want to decarbonize the industry on the timeframe of the Paris Agreement, the world’s narrowbody airliner fleet has to become hydrogen-powered starting in the 2030s. There is no known alternative technology to get there.” To that end, the company is committed to collaborating with all key stakeholders, including airlines, lessors, airplane- and engine-makers to ensure that the next generation of narrowbody aircraft (succeeding the 737 and A320 families) are true zero emissions vehicles.
“The gravity of climate change is forcing a tipping point in the green hydrogen ecosystem of producers, distributors, and consumers," said Jim Adler, founding Managing Director of Toyota Ventures. "Universal Hydrogen has the breakthrough technology, talented team, and operational urgency to emerge as the distribution leader in this hydrogen ecosystem. As early investors, we are proud to continue to support their efforts in any way we can.”
Headquartered in Los Angeles, California, with an engineering center in Toulouse, France, and a flight test center in Moses Lake, Washington, Universal Hydrogen is rapidly growing its team in pursuit of its ambitious, world-changing goal. To learn about career opportunities, visit: https://www.hydrogen.aero/careers
About Universal Hydrogen
Universal Hydrogen is making hydrogen-powered commercial flight a near-term reality. The company takes a flexible, scalable, and capital-light approach to hydrogen logistics by transporting it in modular capsules over the existing freight network from green production sites to airports around the world. To accelerate market adoption, Universal Hydrogen is also developing a conversion kit to retrofit existing regional airplanes with a hydrogen-electric powertrain compatible with its modular capsule technology.
Media
Kate Gundry
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617-797-5174
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