PARIS--(BUSINESS WIRE)--Arcadia eFuels Receives Investment from Swen Infrastructure Fund for Transition 2 (“Swift 2”), a fund managed by SWEN Capital Partners, to provide necessary development capital to accelerate reaching Final Investment Decision stage for the world’s first commercial eFuels production facility to produce the lowest carbon emitter fuels for the Aviation sector
Arcadia eFuels announces that they have joined forces with Swift 2. The investment received from the fund dedicated to renewable gas production managed by SWEN Capital Partners will propel development and commence FEED (Front End Engineering Design) for eFuels production sites. This investment, the parties aim at reaching FID expeditiously, leading to the construction of commercial eFuels facilities that will supply the much-needed lowest carbon emitter fuel (eKerosene) to the aviation industry.
Climate change is the number one topic on the current agenda in the aviation sector, as airlines endure increasing public and political pressure globally to curb carbon emissions. With the airline industry formally committed to a pledge of “net zero” carbon emission by 2050, and pending EU legislation mandating the use of sustainable aviation fuels and specifically eKerosene by 2030, Arcadia eFuels and Swift 2 rise to meet this demand by joining forces to combat climate change and protect our planet.
To facilitate this process, Arcadia eFuels will utilize Swift 2’s investment to develop multiple eFuels production sites that it intends to own and operate, as well as market & sell eKerosene, eDiesel, and eNaphtha. Arcadia’s front running project in Vordinborg Denmark, is scheduled to begin operation in 2026, potentially followed by 2 more plants per year in 2026/2027. The output of each plant has been approximated to 100MM liters per year or 75,000 metric tonnes of eFuels.
“We believe that world travel is essential. It inspires people to seek out new places, while providing a learning experience like no other. The ability to experience cultural differences, as well as underlying cultural ties, serves as one of the greatest aids in protecting our global heritage and promote peace, while providing economic opportunities for countless communities. However, while the global economy is more connected than ever, a long-term challenge looms. Concern about air travel’s contribution to climate change threatens to curtail growth of an industry that has expanded steadily for decades, shrinking the world for travelers, as well as business in the global economy. For these reasons I am happy to announce that we have secured everything Arcadia needs to reach a final investment decision for one to two projects. SWEN Capital Partners has been a fantastic supporter, bringing an adept understanding of the social, societal and environmental impact of our work, and we are looking forward to developing the project further with them,” says Amy Hebert, CEO at Arcadia eFuels.
eFuels are produced by using renewable electricity to make green hydrogen, then combining hydrogen with carbon dioxide from direct air capture and/or other biogenic carbon sources to produce syngas. The syngas is then processed into eFuels using Fischer-Tropsch and refining to produce eKerosene, eDiesel, and eNaphtha.
“Decarbonising the hard-to-abate sectors such as heavy transport has been our mission since 2019. Although flying less must be a priority, we will keep on traveling long distances in the foreseeable future, it is therefore of outmost importance to produce sustainable aviation fuels with the lowest carbon footprint. Recombining green hydrogen from wind and solar, with much desired biogenic CO2 for example out of the biomethane industry where Swift2 is a European champion, provides a solution, which is being promoted by the EU under its “ReFuelEU Aviation initiative” (https://www.europarl.europa.eu/RegData/etudes/BRIE/2022/698900/EPRS_BRI(2022)698900_EN.pdf) . We are proud to team up with Arcadia eFuels which has assembled an incredible expertise under Amy Heberts’ leadership and is leading the way of sustainable aviation fuels.”, says Olivier AUBERT, Managing Director at Swen Capital Partners.
SWEN Capital Partners continue to evolve to remain constantly at the cutting-edge of sustainable finance and to heighten the impact of investments. Their endeavors continue to contribute to the world’s transformation in meeting tomorrow’s challenges through financing practices that are useful for everyone.
About Arcadia eFuels
Arcadia eFuels is committed to build facilities to produce the world’s future fuels. These low carbon fuels will allow the transportation sector, namely aviation and shipping, to use efuels directly, without changes to existing engines and infrastructure. Arcadia eFuels aims to produce eFuels around the world to help meet the aviation industry’s decarbonization goals. Please visit www.arcadiaefuels.com to learn more or contact us at This email address is being protected from spambots. You need JavaScript enabled to view it..
About SWEN Capital Partners
SWEN Capital Partners is a benchmark player in sustainable investments in private equity with more than 7 billion euros in assets under management and/or advisory in Europe. The management company, owned by the Ofi Invest Group (whose main shareholders are entities of the Aéma group: Macif, Abeille Assurances holding, Aésio Mutuelle) and Crédit Mutuel Arkéa, as well as its team, has always placed the ESG/climate approach at the heart of its approach and offers its clients innovative and sustainable investment solutions.
SWEN CP supports entrepreneurs and its partners in a support approach on social, societal and / or environmental issues and the creation of sustainable value, essential in its eyes for useful finance. To learn more please visit https://www.swen-cp.fr/en.
Press contacts:
Arcadia eFuels
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SWEN Capital Partners
Phone: +33 (0) 6 24 76 83 40
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Website: www.swen-cp.fr/en
OKLAHOMA CITY--(BUSINESS WIRE)--LSB Industries, Inc. (“LSB” or “the Company”), (NYSE: LXU), today announced that its Cherokee, AL (“Cherokee”) and El Dorado, AR facilities were shut down as a result of the extremely cold temperatures that impacted much of the United States in late December 2022. The El Dorado facility has since returned to service. Repairs are currently underway at Cherokee and the facility is expected to resume production by mid-January 2023. LSB management estimates that the unplanned outages at the two facilities will collectively reduce fourth quarter 2022 operating income by approximately $5 million to $7 million, largely attributable to lost sales and reduced absorption of fixed costs.
About LSB Industries, Inc.
LSB Industries, Inc., headquartered in Oklahoma City, Oklahoma, manufactures and sells chemical products for the agricultural, mining, and industrial markets. The Company owns and operates facilities in Cherokee, Alabama, El Dorado, Arkansas and Pryor, Oklahoma, and operates a facility for a global chemical company in Baytown, Texas. LSB’s products are sold through distributors and directly to end customers primarily throughout the United States. Committed to improving the world by setting goals that will reduce our environmental impact on the planet and improve the quality of life for all of its people, the Company is well positioned to play a key role in the reduction of global carbon emissions through its planned carbon capture and sequestration, and zero carbon ammonia strategies. Additional information about LSB can be found on its website at www.lsbindustries.com.
Forward-Looking Statements
Statements in this release that are not historical are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements, which are subject to known and unknown risks, uncertainties and assumptions about us, may include projections of our future financial performance including the effects of the COVID-19 pandemic and anticipated performance based on our growth and other strategies and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or actual achievements to differ materially from the results, level of activity, performance or anticipated achievements expressed or implied by the forward-looking statements. Significant risks and uncertainties may relate to, but are not limited to, business and market disruptions related to the COVID-19 pandemic, market conditions and price volatility for our products and feedstocks, as well as global and regional economic downturns, including as a result of the COVID-19 pandemic, that adversely affect the demand for our end-use products; disruptions in production at our manufacturing facilities; our ability to complete the preferred stock exchange transaction on the terms disclosed or at all and other financial, economic, competitive, environmental, political, legal and regulatory factors. These and other risk factors are discussed in the Company’s filings with the Securities and Exchange Commission (SEC).
Moreover, we operate in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible for our management to predict all risks and uncertainties, nor can management assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Although we believe the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, level of activity, performance or achievements. Neither we nor any other person assumes responsibility for the accuracy or completeness of any of these forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. Unless otherwise required by applicable laws, we undertake no obligation to update or revise any forward-looking statements, whether because of new information or future developments.
Investor Contacts:
Fred Buonocore, CFA, Vice President of Investor Relations
(405) 510-3550
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Media Contact:
David Kimmel, Director of Communications
(405) 815-4645
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DUBLIN--(BUSINESS WIRE)--The "Bio-Based Chemicals Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Product Type, By End-Use, By Region, and By Competition" report has been added to ResearchAndMarkets.com's offering.
Global Bio-Based Chemicals Market is anticipated to grow at a robust CAGR in the forecast period, 2024-2028. The growing environmental concerns along with the rising need to minimize greenhouse emissions is expected to increase the demand for bio-based chemicals in the coming years. Additionally, increasing usage of bio-based chemicals in various end user industries, including chemical, pharmaceutical, food, and beverage, among others is expected to drive the growth of global bio-based chemicals market.
Moreover, Bio-based chemicals are necessary due to the depletion of fossil fuels and the development of strict government laws regarding emissions and waste generation and management. Governmental and non-governmental agencies across different parts of the globe are taking initiatives and making continuous attempts to promote green biotechnology and corporate sustainability programmes, such as prohibiting plastic bags in certain areas and restricting the dissemination of disposable carry bags. All these factors are expected to create lucrative opportunities for the growth of global bio-based chemicals market in the coming years.
Increasing Demand for Renewable Energy Sources
The market for bio-based chemicals is anticipated to grow due to the rising demand for renewable sources to reduce the effects of pollution and emissions of greenhouse gases. According to the International Energy Agency (IEA), in 2020, there was a 3% growth in the usage of renewable energy as demand for all other fuels dropped. The biggest driver was an almost 7% increase in electricity production from renewable sources. The initiatives to minimize harmful emissions because of their impact on the environment have increased demand for products made from bio-based materials in sectors like transportation, textiles, and building.
Supportive Governmental Measures Towards Sustainability Goals
Bio-based chemicals are supported as more environmentally friendly substitutes for petroleum-based chemicals as they become more economically and sustainably viable, improving the chemical and oil industries. Additionally, the expansion of the market is influenced by rising government initiatives to support biodegradable materials and sustainability programs, such as prohibiting plastic bags in some areas and restrictions placed on the uncontrolled distribution of disposable carry bags. As per the European Commission, the global market for renewable chemicals was worth USD85.6 billion in 2020, up from USD51.7 billion in 2015. Furthermore, according to the European Commission, the yearly revenue from bio-based chemicals and biofuels is estimated to be over USD58.97 billion, supporting 300,000 jobs.
Recent Developments
The industrial development of new bio-based materials for cutting-edge technological applications is getting the most interest. Bio-based, revolutionary plastics industry solutions undoubtedly hold the most suitable position. Poly(hydroxyalkanoate)s (PHAs) are being studied as potential biodegradable replacements for various commercial polymers such as HDPE, PP, and others.
PHAs are particularly appealing because they may be produced using biotechnological methods from a variety of carbon-rich biomass feedstocks, such as agricultural wastes, organic fractions of solid municipal wastes, and urban wastewater.
Market Dynamics
Drivers
Challenges
Market Trends & Developments
Report Scope:
In this report, global plastic films & sheets market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Bio-Based Chemicals Market, By Product Type:
Bio-Based Chemicals Market, By End-Use:
Bio-Based Chemicals Market, By region:
Key Topics Covered:
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Global Bio-Based Chemicals Market Outlook
5. Europe Bio-Based Chemicals Market Outlook
6. North America Bio-Based Chemicals Market Outlook
7. Asia-Pacific Bio-Based Chemicals Market Outlook
8. Middle East and Africa Bio-Based Chemicals Market Outlook
9. South America Bio-Based Chemicals Market Outlook
10. Market Dynamics
11. Market Trends & Developments
12. Global Bio-Based Chemicals Market: SWOT Analysis
13. Porter's Five Forces Analysis
14. Competitive Landscape
15. Strategic Recommendations
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/hl8pck
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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DALLAS--(BUSINESS WIRE)--Pioneer Natural Resources Company (NYSE:PXD) today announced that Chief Executive Officer, Scott Sheffield, will present at the Goldman Sachs Global Energy and Clean Technology Conference on Thursday, January 5, at 8:00 a.m. ET.
The live presentation will be available to the public via webcast - click here. Following the live event, access to an archived version of the webcast will be available by visiting Pioneer’s website at www.pxd.com, selecting ‘Investors,’ and then selecting ‘Events & Presentations.’
About Pioneer
Pioneer is a large independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations in the United States. For more information, visit Pioneer’s website at www.pxd.com.
Pioneer Natural Resources Contacts:
Investors
Tom Fitter – 972-969-1821
Greg Wright – 972-969-1770
Chris Leypoldt – 972-969-5834
Media and Public Affairs
Christina Voss – 972-969-5706
SOUTH CHARLESTON, W.Va.--(BUSINESS WIRE)--#AVNcorp--AVN Corporation (“AVN”) today announced it has completed the transaction to acquire Mid-Atlantic Technology & Innovation Center (MATRIC), a strategic research and development (R&D) partner for companies in the chemicals and advanced software technologies industries. AVN acquired all of the operations and assets of MATRIC, including all technology, patents and facilities.
All MATRIC employees were transitioned to AVN in the same roles they previously held. MATRIC, the 501c3 non-profit entity, will continue its efforts on fostering economic development in the Kanawha Valley.
AVN Corporation is an employee-owned, for-profit company founded by senior executive leadership Steven B. Hedrick, Elton Bond, John “Jack” P. Dever, Ph.D., and John T. Miesner in 2022. All employees received shares in AVN, and MATRIC, the non-profit entity, will have a small ownership stake, with the holdings expected to further fund charitable works in the future.
“This is an exciting day for our company, our employees and our customers. This year, we will celebrate our 20th anniversary of operation under a new name and legal structure, but with the same commitment to delivering excellence to our customers around the world,” said Hedrick, AVN CEO. “Previously, our non-profit status was impeding our ability to grow, and our name use was restricted. With a new name and legal structure, we have the ability to pursue new avenues of operation and market penetration. We will build off our company’s strong heritage in West Virginia and the science and technology communities, while charting a new course for growth. I am absolutely certain that our visionary founder, Dr. George Keller, would be thrilled with this development.”
The transaction was completed January 1, 2023. Financial details were not disclosed.
“For years, AVN Corporation has been an innovation mainstay in our great state, comprising some of the smartest and most talented chemical engineers, chemists and scientists,” said U.S. Senator Joe Manchin (D-W.Va.). “I am thrilled they are expanding their footprint and look forward to the exciting work they will do in the decades to come.”
“When this company was founded in 2003 in an effort to retain talent in the Kanawha Valley, no one could have known what the future would look like twenty years later,” U.S. Senator Shelley Moore Capito (R-W.Va.) said. “In their previous configuration, the company’s accomplishments in the areas of science and technology have far exceeded anyone’s expectations, which I have been proud to support. Most recently, their work to establish a Center of Excellence for chemical process design, along with their partners, underscores the talent and expertise that is housed within this organization. I look forward watching AVN Corporation grow and wish them continued success moving forward.”
AVN will continue to operate at its South Charleston and Morgantown, W.Va., locations. MATRIC, the nonprofit entity, will be governed by an independent volunteer board of directors.
“We are very grateful to the talented professionals at AVN who have added nearly $200 million to the local economy over the past two decades. We looked forward to seeing even greater achievements from them. MATRIC will now refocus our efforts on our core mission,” said Bill Goode, MATRIC Chairman of the Board of Directors. “As we look forward to exciting times, we remember great leaders like Dr. George Keller, Newton Thomas and Dwight Sherman.”
AVN Corporation will be exhibiting at the SOCMA Specialty & Custom Chemicals Show at Booth #606 on March 1-3, 2023, in Nashville, Tenn.
About AVN Corporation
AVN Corporation is the strategic innovation partner of choice that provides uncommon expertise and infrastructure to solve the most challenging science and technology problems. Focusing on the areas of chemical, energy and environmental technologies, technical engineering, specialty and custom manufacturing, and advanced software technologies, AVN delivers innovation from concept to commercialization to manufacturing. We utilize our experienced and renowned staff, unique laboratory and pilot plant facilities, and flexible intellectual property models to create value for customers and investors around the world. We are an energized and expanding company that works from facilities in South Charleston and Morgantown, W.Va. Visit us at www.AVNcorp.com.
Media Contact:
Katie Regan
AVN Corporation
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www.AVNcorp.com
The four assets represent 13.6 MW of renewable, reliable energy capacity
NEW YORK--(BUSINESS WIRE)--EnfraGen, LLC (“EnfraGen”), a developer, owner, and operator of specialized sustainable, renewable power and grid stability assets in Latin America owned by Glenfarne Energy Transition, LLC, a global energy transition company providing critical solutions to lower the world’s carbon footprint addressing the “here and now” energy transition and leading global private markets firm, Partners Group, on behalf of its clients, announces the acquisition of four run-of-river hydropower assets in southern Chile, totaling 13.6 MW, from Invercap S.A., an investment group focused on mining and steel in Chile.
The acquired assets are owned outside of EnfraGen’s existing senior credit group, which was established following a 2020 refinancing. The four plants will be operated by Prime Energía SpA, a subsidiary of EnfraGen, and include La Arena, a 6.8 MW plant located near Puerto Montt; Tranquil, a 3.0 MW plant located near Panguipulli; San Victor, a 3.0 MW plant located near Puerto Aysen; and Cuchildeo, a 0.8 MW plant located near Hualaihue.
“The addition of these hydro plants to EnfraGen’s diversified energy and power asset portfolio are indicative of the transactions we will continue to pursue to grow EnfraGen into Latin America’s leading energy transition company,” said Brendan Duval, EnfraGen CEO and Founder and CEO and Founder of Glenfarne Energy Transition, LLC. “Like EnfraGen’s existing hydro assets in Panama, Southern Chile sits within a high-growth, emerging market with ample opportunity to utilize its natural, renewable energy sources to reduce carbon emissions and further Chile’s and Latin America’s energy transition.”
Ed Diffendal, Managing Director, Private Infrastructure Americas, Partners Group, and EnfraGen Board Member added, “Partners Group is pleased to support the acquisition of these renewable hydropower assets in Chile. These assets are consistent with EnfraGen’s value-added renewable and grid stability business model and Partners Group's commitment to investing in next-generation infrastructure.”
“With this acquisition, EnfraGen not only reaffirms its commitment to Chile in its strategy to achieve a sustainable energy transition, but also it confirms its intention to continue investing and growing in the country, contributing to grid stability and the development of more renewable energy,” said Jose Arosa, CEO of Prime Energía SpA, EnfraGen's main Chilean subsidiary.
EnfraGen has operational and in-construction assets totaling nearly 1.9 GW of capacity across Chile, Panama, and Colombia with corporate offices located in Houston and New York in the United States.
About EnfraGen, LLC
EnfraGen is a developer, owner, and operator of grid stability and value-added renewable energy infrastructure businesses across Latin America. EnfraGen’s grid stability assets supply flexible capacity and energy to local and regional grids in support of renewable power plant intermittent energy production. EnfraGen’s renewable plants are smaller scale, distributed solar photovoltaic and hydroelectric assets that take advantage of unique access points to electrical infrastructure or are located in optimized geographical locations. The business’ mission is to support the transition to zero-carbon emission electric grids.
EnfraGen is jointly controlled by Glenfarne Energy Transition, LLC, and global private markets investment manager Partners Group, on behalf of its clients, and has operational and in-construction assets across its subsidiaries totaling nearly 1.9 GW of installed capacity. The company, including its affiliates and subsidiaries, is supported by a team of nearly 400 professionals. EnfraGen maintains offices and assets in Chile, Panama, Colombia, and the United States.
About Glenfarne Energy Transition, LLC
Glenfarne Energy Transition is a wholly owned subsidiary of Glenfarne Group, a privately held energy and infrastructure development and management firm based in New York City and Houston, Texas, with offices in Dallas, Texas; Panama City, Panama; Santiago, Chile; Bogota, Colombia; Rio De Jainero, Brazil; Jakarta, Indonesia; Barcelona, Spain; Seoul, South Korea; and Ho Chi Minh City, Vietnam. Glenfarne Energy Transition aims to address the “here and now” global energy transition through three core businesses: Global LNG Solutions, Renewables, and Grid Stability. The company's seasoned executives, asset managers, and operators develop, acquire, manage, and operate energy infrastructure assets throughout North and South America, Asia, and Europe. For more information, please visit www.GlenfarneEnergyTransition.com.
About Partners Group
Partners Group is a leading global private markets firm. Since 1996, the firm has invested USD 185 billion in private equity, private real estate, private debt, and private infrastructure on behalf of its clients globally. Partners Group seeks to generate strong returns through capitalizing on thematic growth trends and transforming attractive businesses and assets into market leaders. The firm is a committed, responsible investor and aims to create sustainable returns with lasting, positive impact for all its stakeholders. With USD 131 billion in assets under management as of 30 June 2022, Partners Group provides an innovative range of bespoke client solutions to institutional investors, sovereign wealth funds, family offices and private individuals globally. The firm employs more than 1,600 diverse professionals across 20 offices worldwide and has regional headquarters in Baar-Zug, Switzerland; Denver, USA; and Singapore. It has been listed on the SIX Swiss Exchange since 2006 (symbol: PGHN). For more information, please visit www.partnersgroup.com or follow us on LinkedIn or Twitter.
Kris Cole
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(310) 652-1411
Battle Axe is Milestone’s first facility outside Texas and serves the northern Delaware Basin
HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--#BattleAxe--Milestone Environmental Services, LLC (“Milestone”), one of the largest independent providers of energy waste sequestration services in the U.S., today announced the opening of its first facility in New Mexico, effective December 26, 2022. The new facility is located southeast of Carlsbad on NM 128 and Battle Axe Road.
The Battle Axe facility is the first Milestone location outside of Texas and is the first of its kind permitted in New Mexico. The facility is permitted by the New Mexico Oil Conservation Division (NMOCD) to inject liquid oilfield waste and manage associated solid waste.
“Milestone’s expansion into New Mexico is a significant achievement and natural fit for our organization,” said Milestone President and CEO Gabriel Rio. “The state of New Mexico is committed to protecting the environment, and Milestone’s sustainable, carbon-negative solution for the safe, secure, and permanent sequestration of energy waste aligns very well with the state’s rigorous environmental standards.”
“American oil and gas is critical to powering the nation and the world, and Milestone is committed to cleaning up energy℠ by supporting our customers with responsible, environmentally friendly solutions for energy waste management and disposal,” added Rio. “We’re excited to bring our advanced waste sequestration operations to E&P operators in New Mexico.”
Battle Axe is the company’s ninth operational facility overall and its seventh in the Permian Basin. Open 24 hours a day, seven days a week, the facility accepts used drilling fluids, flowback, produced saltwater, tank bottoms, and other RCRA-exempt liquid E&P waste streams. The facility also provides full-service truck washouts. Milestone will host a grand opening at the new facility, located at 1290 NM Highway 128, Jal, NM 88252, in late January 2023.
About Milestone Environmental Services
Milestone is a Net Negative energy waste sequestration company with assets throughout the Permian Basin, Eagle Ford Shale, and Haynesville Shale. We are one of the largest independent energy waste sequestration companies in the United States, and a key business partner to energy companies looking to reduce their carbon footprint through cost-efficient waste management solutions. Our network of slurry injection sites and best-in-class E&P landfills provides a new avenue for the management and sequestration of hydrocarbon-rich energy waste streams. We are committed to protecting the environment and our communities by offering a better way to manage waste and play a key role in a forward-looking carbon agenda. Milestone is a partner in the transition to a sustainable energy future. For more information, please visit www.Milestone-ES.com.
Jessica Clements, This email address is being protected from spambots. You need JavaScript enabled to view it.
New insights showcase how connected vehicle data can help emergency services, utilities and DoTs prioritize aid during extreme weather events
MANCHESTER, England--(BUSINESS WIRE)--Wejo Group Limited (NASDAQ: WEJO), a global leader in Smart Mobility for Good™ and cloud and software solutions for connected, electric and autonomous vehicle data, today released its “Americans turn to their vehicles for survival as power outages sweep across the US during the 2022 Bomb Cyclone” insights. According to these insights, during this month’s bomb cyclone, which impacted more than 60 percent of the U.S. from December 20 to December 26, Americans were more likely to use their cars for charging electronic devices and warmth when compared to the same period in 2021.
Wejo’s data shows that during the bomb cyclone, there was an:
“As we’ve seen through the end of year, our connected vehicle data from 95% of U.S. roads can bring insights that are invaluable when deciding how to prioritize resources during times of extreme weather,” said Richard Barlow, founder and CEO of Wejo. “From understanding what roads are closed and blocked to identifying rural areas where residents have turned to their vehicles due to power outages and may be in need of assistance, the power of the insights that we can give to DoTs and emergency services during extreme weather cannot be underestimated.”
Wejo’s findings related to the bomb cyclone are consistent with an earlier analysis of the Texas storm of 2021, which highlighted similar findings:
Wejo’s latest analysis underscores the power of insights gathered via connected vehicle data. The ability to access real-time insights via Wejo’s solutions, such as Winter Roads Insights, empowers DoTs and emergency response services with a cost-effective solution to effectively treat road networks and make life-saving decisions during extreme weather events.
Wejo’s traffic intelligence solutions, such as Winter Roads Insights, are part of a $3.4bn market opportunity. Through Wejo’s Winter Road Insights solution, a wide range of government departments can use these real-time insights for improved responses to incidents on roads, road closures and power outages. The real-time insights also enable vehicle after-sales and auto repair shops to be better prepared for what parts may be required post-weather event, as the findings also note a rise in bodywork damage and other necessary auto repairs to vehicles during these extreme weather events.
Learn more about Wejo’s data insights here: Americans turn to their vehicles for survival as power outages sweep across the US during the 2022 Bomb Cyclone
More information on Wejo’s Winter Road Insights here: https://www.wejo.com/products/winter-road-insights
About Wejo
Wejo Group Limited is a global leader in cloud and software analytics for connected, electric, and autonomous mobility, revolutionizing the way we live, work and travel by transforming and interpreting historic and real-time vehicle data. The Company enables smarter mobility by organizing trillions of data points from 20.1 million vehicles, of which 13.7 million were active on the platform transmitting data in near real-time, and over 87.2 billion journeys globally as of November 30, 2022, across multiple brands, makes and models, and then standardizing and enhancing those streams of data on a vast scale. Wejo partners with ethical, like-minded companies and organizations to turn that data into insights that unlock value for consumers. With the most comprehensive and trusted data, information, and intelligence, Wejo is creating a smarter, safer, more sustainable world for all. Founded in 2014, Wejo has offices in Manchester, UK and in regions where Wejo does business around the world. For more information, visit www.wejo.com or connect with us on LinkedIn, Twitter, and Instagram.
Forward-Looking Statements
This communication contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. For more information, please follow this link: https://www.wejo.com/forward-looking-statements
Media:
Ben Hohmann, Wejo
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Katie O’Brien, Raffetto Herman Strategic Communications on behalf of Wejo
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Investors:
Tahmin Clarke, Wejo
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THOUSAND OAKS, Calif.--(BUSINESS WIRE)--Teledyne Technologies Incorporated (NYSE:TDY) (“Teledyne”) announced today that it has acquired ChartWorld International Limited and affiliates (“ChartWorld”). ChartWorld, headquartered in Cyprus, with additional locations in Hamburg, Singapore, Vancouver and Tokyo, is a leading provider of digital marine navigation hardware and software provided through an affordable subscription-based model. Terms of the transactions were not disclosed.
Commercial maritime subscribers to ChartWorld’s software as a service (SaaS) receive free type-approved Electronic Chart Display and Information Systems (ECDIS), a lifetime warranty and global 24/7 support. ChartWorld also provides digital Electronic Navigational Charts (ENCs) and other geospatial software and services, including digital route appraisal and voyage planning, as well as onshore software for fleet monitoring and risk assessment.
ChartWorld affiliate, SevenCs, has a long and proud history of participation in the development of standards regarding electronic maritime chart display. Today, SevenCs continues to provide ENC production and distribution software, as well as software development kits for the display of electronic nautical charts in accordance with maritime standards to other navigation system OEMs.
“ChartWorld’s maritime navigation software and hardware tools bridge a product and technology gap between our Teledyne Marine and Raymarine businesses,” said Robert Mehrabian, Chairman, President, and Chief Executive Officer. “Furthermore, the acquisition adds to our software capabilities and recurring revenue, while expanding our customer base to include commercial Safety of Life at Sea (SOLAS) class vessels and their commercial fleet operators. We are pleased to have now completed our second acquisition for the Teledyne FLIR and Raymarine organizations in the last six months.”
About Teledyne
Teledyne is a leading provider of sophisticated digital imaging products and software, instrumentation, aerospace and defense electronics, and engineered systems. Teledyne’s operations are primarily located in the United States, Canada, the United Kingdom, and Western and Northern Europe. For more information, visit Teledyne’s website at www.teledyne.com.
Forward-Looking Statements Cautionary Notice
This press release contains forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995, relating to an acquisition of a company. Actual results could differ materially from these forward-looking statements. Many factors, as well as market and economic conditions beyond either company’s control, could change anticipated results. There are additional risks associated with operating businesses internationally, including those arising from United States and foreign government policy and regulatory changes or actions and exchange rate fluctuations.
Jason VanWees
(805) 373-4542
Unimicron, a leading high-tech manufacturer, strikes deal to enhance its energy security and make progress on decarbonization
SAN JOSE, Calif.--(BUSINESS WIRE)--Bloom Energy (NYSE: BE) has entered into an agreement with Unimicron, a chip substrate and printed circuit board maker (PCB), to deploy up to 10MW of fuel cells at Unimicron plants in Taiwan. The installations will begin in 2023 and be completed by 2026. With this, Bloom Energy will have deployed its solid oxide fuel-cell based Energy Server™ in four Asian countries.
“Bloom’s superior energy technology capabilities are attractive to companies that need reliable power,” said Tim Schweikert, Senior Managing Director, International Business Development, Bloom Energy. “That is particularly true of semiconductor fabs, which must meet a global demand for their products that shows no signs of abating. Bloom’s fuel-flexible platform can fill Unimicron’s needs today, with fuels that are available now, and they can transition to renewable fuels and hydrogen as those sources become more widely available.”
Reliable, high-quality power is critical to manufacturing operations particularly in the semiconductor and PCB operations because of the global demand for their products and the cost of electric power relative to their bottom line. Manufacturing facilities are also carbon intensive. Taiwan has set ambitious decarbonization goals for its industries. Bloom’s Energy Server, which can produce electricity from a variety of fuels without combustion, can play an important role in Taiwan’s decarbonization.
Bloom’s energy platform can be configured to create a microgrid that can operate alongside an electricity grid, or independently of it. When powered by a fuel source with an underground pipeline system, such as natural gas, they are less susceptible to the impacts of extreme weather, enabling safe, continuous operation and avoiding the costly consequences of unplanned downtime. Bloom’s technology also enables customers to plan against price volatility by locking in a large portion of their electricity cost, with multiple financing options and flexible term lengths.
Bloom unveiled a multi-gigawatt manufacturing plant in Fremont, California in July 2022 to meet growing demand for its technology. The $200 million investment created a state-of-the-art, 164,000 square foot facility followed the opening of a new research center and a global hydrogen development facility in Fremont, bringing Bloom’s footprint there to more than 524,000 square feet. In addition, Bloom added a high-volume commercial line for electrolyzers at its Newark, Delaware facility, increasing the company’s electrolyzers generating capacity to two gigawatts. The award-winning technology is the most energy-efficient design to produce clean hydrogen to date.
Forward-Looking Statements
This press release contains certain forward-looking statements that are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” “will” and “would” or the negative of these words or similar terms or expressions that concern Bloom’s expectations, strategy, priorities, plans or intentions. These forward-looking statements include, but are not limited to, Bloom’s expectations regarding the collaboration with Unimicron, including plans to install solid oxide fuel cells sites selected by Unimicron, any expected benefits from the collaboration with Unimicron, such as carbon emissions reductions, increased energy efficiency, or satisfying any clean energy or power savings requirements by the Republic of China or regulatory agencies, progress towards any net-zero emissions, decarbonization or energy independence goals, and the cost, safety and availability of power provided by the microgrid. More information on potential risks and uncertainties that may impact Bloom’s business are set forth in Bloom’s periodic reports filed with the SEC, including its Annual Report on Form 10-K for the year ended December 31, 2021, filed with the SEC on February 25, 2022, and its Quarterly Reports on Form 10-Q for the quarters ended March 31, 2022, June 30, 2022 and September 30, 2022, filed with the Securities and Exchange Commission on May 6, 2022, August 9, 2022 and November 3, 2022, respectively, as well as subsequent reports filed with or furnished to the SEC from time to time. Bloom assumes no obligation to, and does not currently intend to, update any such forward-looking statements.
About Bloom Energy
Bloom Energy empowers businesses and communities to responsibly take charge of their energy. The company’s leading solid oxide platform for distributed generation of electricity and hydrogen is changing the future of energy. Fortune 100 companies around the world turn to Bloom Energy as a trusted partner to deliver lower carbon energy today and a net-zero future. For more information, visit www.bloomenergy.com.
Media Contact:
Virginia Citrano
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Investor Relations:
Ed Vallejo
267.370.9717
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Qi2 will lead to faster wireless charging and universal compatibility of handheld and mobile devices
LAS VEGAS--(BUSINESS WIRE)--The Wireless Power Consortium (WPC) will introduce a new wireless charging standard to unify the industry under one global standard and provide enhanced convenience and efficiency for mobile devices and wearables.
The Qi2 standard will be introduced later this year by the global consortium and will offer millions of consumers who rely on wireless charging a better user experience. The WPC is a global body dedicated to the creation of standards to ensure safe, efficient, and interoperable wireless charging and wireless power.
“Consumers and retailers have been telling us they’re confused concerning what devices are Qi Certified and those that claim to work with Qi but are not Qi Certified. This confusion can lead to a poor user experience and even safety issues,” says Paul Struhsaker, executive director of the Wireless Power Consortium. “Our standard assures consumers that their devices are safe, efficient, and interoperable with other brands. Qi2 will be the global standard for wireless charging and provide consumers and retailers with that assurance.”
WPC member, Apple®, provided the basis for the new Qi2 standard building on its MagSafe® technology. Apple® and other WPC members developed the new Magnetic Power Profile, which is at the core of Qi2. Qi2’s Magnetic Power Profile will ensure that phones or other rechargeable battery-powered mobile products are perfectly aligned with charging devices, thus providing improved energy efficiency and faster charging.
The Qi2 (pronounced ‘chee two’) standard will replace its predecessor, Qi, in a rapidly expanding market where about one billion devices – transmitters and receivers – will be sold worldwide in 2023. The launch of the Qi2 standard will further expand the wireless charging market by opening the market to new accessories that wouldn’t be chargeable using current flat surface-to-flat surface devices.
Because of its improved efficiency and interoperability, Qi2 will enable faster charging for some devices, furthermore, it will pave the way for significant future increases in wireless charging speeds that are safe, and energy-efficient and won’t shorten battery life or damage a user’s phone.
“Energy efficiency and sustainability are on everyone’s minds these days,” says Struhsaker. “Qi2’s perfect alignment improves energy efficiency by reducing the energy loss that can happen when the phone or the charger is not aligned. Just as important, Qi2 will greatly reduce the landfill waste associated with wired charger replacement due to plugs breaking and the stress placed on cords from daily connecting and disconnecting.”
Qi2 Certified mobile phones and chargers are expected to be available for the 2023 holiday season.
At CES
Learn more about Qi2 at the Wireless Power Consortium’s CES booth number 53529 on Level 2 of the Venetian Expo Center.
About the Wireless Power Consortium
The Wireless Power Consortium leads the world in ensuring consumers, retailers and manufacturers that they can rely on universal, interoperable standards and certifications for wireless devices. Through rigorous testing and certifications, the global body is dedicated to ensuring safe, efficient, and interoperable wireless charging and wireless power. The WPC’s nearly 400 member organizations established and support the current Qi standard and are developing standards for innovative new wireless power applications, including the Ki Cordless Kitchen.
Paul Golden
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+1 972-854-2616
KILGORE, Texas--(BUSINESS WIRE)--Enviro Technologies U.S., Inc. (OTCQB: EVTN) (“EVTN” or the “Company”), today announced that it has successfully uplisted from the OTC Pink Market to the OTCQB Venture Market (“OTCQB”). The uplisting has been approved by OTC Markets Group Inc., and the Company commenced trading on the OTCQB on Thursday, December 29, 2022. Enviro Technologies will continue to trade under the symbol “EVTN”. The OTCQB offers investors transparent, high-quality trading in entrepreneurial and development stage companies which provides investors with improved market visibility to enhance trading liquidity. OTCQB is recognized as an established public market by the Securities and Exchange Commission. To be eligible for trading on the OTCQB, companies must be current in their reporting with the Securities and Exchange Commission, maintain audited financials through a PCAOB registered firm, and undergo an annual verification and management certification process.
“We believe this upgrade to the OTCQB will position the Company to achieve greater exposure to a broader investor base,” stated Jim Galla, CEO of EVTN. “This is a very positive milestone and achievement for the Company and our shareholders.”
About EVTN
EVTN, through its wholly owned subsidiary, Banner Midstream Corp., has two operating subsidiaries: Pinnacle Frac Transport LLC (“Pinnacle Frac”) and Capstone Equipment Leasing LLC (“Capstone”). Pinnacle Frac provides transportation of frac sand and logistics services to major hydraulic fracturing and drilling operations. Capstone procures and finances equipment to oilfield transportation service contractors.
Safe Harbor Disclosure
This Press Release contains or incorporates by reference "forward-looking statements". For this purpose, any statements regarding this announcement, which are not purely historical, are forward-looking statements, including EVTN beliefs, expectations, hopes or intentions regarding the future. All forward-looking statements are made as of the date hereof and based on information available to EVTN as of such date. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements, including, the risks and uncertainties set forth in our Annual Report on Form 10-K for the year ended December 31, 2021 and Form 10-Q for the quarterly period ended September 30, 2022, as filed with the Securities and Exchange Commission. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, many of which are generally outside the control of EVTN and are difficult to predict. EVTN undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.
EVTN Investor Relations Contact: This email address is being protected from spambots. You need JavaScript enabled to view it. or 1-903-392-0948
MONTRÉAL--(BUSINESS WIRE)--$NMG #ESG--Nouveau Monde Graphite Inc. (“NMG” or the “Company”) (NYSE: NMG, TSX.V: NOU) announces today the capitalization of accrued interests as part of a previously announced private placement.
Settlement of accrued interests
NMG has capitalized accrued interests owed to Investissement Québec, Pallinghurst Bond Limited and Mitsui & Co., Ltd. (the “Holders”) under the unsecured convertible notes (the “Notes”) issued in connection with the private placement announced by press release dated November 8, 2022.
An aggregate amount of US$611,712 will be capitalized and 160,976 common shares at a price of US$3.80 (each, a “Common Share”) will be issued to Holders at the maturity or conversion of the Notes in payment of the accrued interests due on December 31, 2022. The issuance of Common Shares is subject to the approval of the TSX Venture Exchange and the New York Stock Exchange and, when issued, will be subject to a hold period of four (4) months and one day.
Other
On November 18, 2022, NMG announced the grant of 50,000 stock options to an officer at a price of $6.48 per common share for a period expiring on November 13, 2027. NMG wishes to correct the expiration date of these options to November 14, 2027.
About Nouveau Monde Graphite
NMG is striving to become a key contributor to the sustainable energy revolution. The Company is working towards developing a fully integrated source of carbon-neutral battery anode material in Québec, Canada for the growing lithium-ion and fuel cell markets. With low-cost operations and enviable ESG standards, NMG aspires to become a strategic supplier to the world’s leading battery and automobile manufacturers, providing high-performing and reliable advanced materials while promoting sustainability and supply chain traceability. www.NMG.com
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Cautionary Note Regarding Forward-Looking Information
All statements, other than statements of historical fact, contained in this press release including, but not limited to those describing the potential conversion of the Notes, the issuance of the Common Shares and the vesting of the stock options and those statements which are discussed under the “About Nouveau Monde Graphite” paragraph and elsewhere in the press release which essentially describe the Company’s outlook and objectives, constitute “forward-looking information” or “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of Canadian and United States securities laws, and are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect. Moreover, these forward-looking statements were based upon various underlying factors and assumptions, including the current technological trends, the business relationship between the Company and its stakeholders, the ability to operate in a safe and effective manner, the timely delivery and installation of the equipment supporting the production, the Company’s business prospects and opportunities and estimates of the operational performance of the equipment, and are not guarantees of future performance.
Forward-looking statements are subject to known or unknown risks and uncertainties that may cause actual results to differ materially from those anticipated or implied in the forward-looking statements. Risk factors that could cause actual results or events to differ materially from current expectations include, among others, delays in the scheduled delivery times of the equipment, the ability of the Company to successfully implement its strategic initiatives and whether such strategic initiatives will yield the expected benefits, the availability of financing or financing on favorable terms for the Company, the dependence on commodity prices, the impact of inflation on costs, the risks of obtaining the necessary permits, the operating performance of the Company’s assets and businesses, competitive factors in the graphite mining and production industry, changes in laws and regulations affecting the Company’s businesses, political and social acceptability risk, environmental regulation risk, currency and exchange rate risk, technological developments, the impacts of the global COVID-19 pandemic and the governments’ responses thereto, and general economic conditions, as well as earnings, capital expenditure, cash flow and capital structure risks and general business risks. A further description of risks and uncertainties can be found in NMG’s Annual Information Form dated March 22, 2022, including in the section thereof captioned “Risk Factors”, which is available on SEDAR at www.sedar.com and on EDGAR at www.sec.gov. Unpredictable or unknown factors not discussed in this Cautionary Note could also have material adverse effects on forward-looking statements.
Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are provided for the purpose of providing information about management’s expectations and plans relating to the future. The Company disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.
The market and industry data contained in this press release is based upon information from independent industry publications, market research, analyst reports and surveys and other publicly available sources. Although the Company believes these sources to be generally reliable, market and industry data is subject to interpretation and cannot be verified with complete certainty due to limits on the availability and reliability of raw data, the voluntary nature of the data-gathering process and other limitations and uncertainties inherent in any survey. The Company has not independently verified any of the data from third-party sources referred to in this press release and accordingly, the accuracy and completeness of such data is not guaranteed.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Further information regarding the Company is available in the SEDAR database (www.sedar.com), and for United States readers on EDGAR (www.sec.gov), and on the Company’s website at: www.NMG.com
This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold to, or for the account or benefit of, persons in the United States or U.S. persons absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. "United States" and "U.S. person" are as defined in Regulation S under the U.S. Securities Act.
MEDIA
Julie Paquet
VP Communications & ESG Strategy
+1-450-757-8905 #140
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INVESTORS
Marc Jasmin
Director, Investor Relations
+1-450-757-8905 #993
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HOUSTON--(BUSINESS WIRE)--Murphy Oil Corporation (NYSE: MUR) will host a conference call and webcast beginning at 9:00 a.m. Eastern Standard Time (EST) on Thursday, January 26, 2023 to discuss fourth quarter 2022 earnings. The company plans to release its financial and operating results before the market opens that morning.
A webcast link and related presentation material will be included on the Investors page of the company’s website at http://ir.murphyoilcorp.com.
Date: Thursday, January 26, 2023
Time: 9:00 a.m. EST
Toll Free Dial-in: 888-886-7786
Conference ID: 99312590
ABOUT MURPHY OIL CORPORATION
As an independent oil and natural gas exploration and production company, Murphy Oil Corporation believes in providing energy that empowers people by doing right always, staying with it and thinking beyond possible. Murphy challenges the norm, taps into its strong legacy and uses its foresight and financial discipline to deliver inspired energy solutions. Murphy sees a future where it is an industry leader who is positively impacting lives for the next 100 years and beyond. Additional information can be found on the company’s website at www.murphyoilcorp.com.
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identified through the inclusion of words such as “aim”, “anticipate”, “believe”, “drive”, “estimate”, “expect”, “expressed confidence”, “forecast”, “future”, “goal”, “guidance”, “intend”, “may”, “objective”, “outlook”, “plan”, “position”, “potential”, “project”, “seek”, “should”, “strategy”, “target”, “will” or variations of such words and other similar expressions. These statements, which express management’s current views concerning future events, results and plans, are subject to inherent risks, uncertainties and assumptions (many of which are beyond our control) and are not guarantees of performance. In particular, statements, express or implied, concerning the company’s future operating results or activities and returns or the company's ability and decisions to replace or increase reserves, increase production, generate returns and rates of return, replace or increase drilling locations, reduce or otherwise control operating costs and expenditures, generate cash flows, pay down or refinance indebtedness, achieve, reach or otherwise meet initiatives, plans, goals, ambitions or targets with respect to emissions, safety matters or other ESG (environmental/social/governance) matters, or pay and/or increase dividends or make share repurchases and other capital allocation decisions are forward-looking statements. Factors that could cause one or more of these future events, results or plans not to occur as implied by any forward-looking statement, which consequently could cause actual results or activities to differ materially from the expectations expressed or implied by such forward-looking statements, include, but are not limited to: macro conditions in the oil and gas industry, including supply/demand levels, actions taken by major oil exporters and the resulting impacts on commodity prices; increased volatility or deterioration in the success rate of our exploration programs or in our ability to maintain production rates and replace reserves; reduced customer demand for our products due to environmental, regulatory, technological or other reasons; adverse foreign exchange movements; political and regulatory instability in the markets where we do business; the impact on our operations or market of health pandemics such as COVID-19 and related government responses; other natural hazards impacting our operations or markets; any other deterioration in our business, markets or prospects; any failure to obtain necessary regulatory approvals; any inability to service or refinance our outstanding debt or to access debt markets at acceptable prices; or adverse developments in the U.S. or global capital markets, credit markets or economies in general. For further discussion of factors that could cause one or more of these future events or results not to occur as implied by any forward-looking statement, see “Risk Factors” in our most recent Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”) and any subsequent Quarterly Report on Form 10-Q or Current Report on Form 8-K that we file, available from the SEC’s website and from Murphy Oil Corporation’s website at http://ir.murphyoilcorp.com. Murphy Oil Corporation undertakes no duty to publicly update or revise any forward-looking statements.
Investor Contacts:
Kelly Whitley, This email address is being protected from spambots. You need JavaScript enabled to view it., 281-675-9107
Megan Larson, This email address is being protected from spambots. You need JavaScript enabled to view it., 281-675-9470
Nathan Shanor, This email address is being protected from spambots. You need JavaScript enabled to view it., 713-941-9576
GREEN BAY, Wis.--(BUSINESS WIRE)--Schneider (NYSE: SNDR), a premier multimodal provider of transportation, intermodal and logistics services, today announced it will report its fourth quarter 2022 results pre-market on Thursday, February 2, 2023. The Company will also hold a conference call to discuss results at 10:30 a.m. (Eastern Time) that day.
The conference call can be accessed by dialing 877-451-6152 (U.S.) or 201-389-0879 (international). A replay will be available approximately three hours after the call through February 9th, by dialing 844-512-2921 (U.S.), or 412-317-6671 (international). The passcode for the replay is 13734974.
The Company will also host a live webcast of its conference call which may be accessed on the Investor Relations section of the Company's website, schneider.com.
About Schneider
Schneider is a premier multimodal provider of transportation, intermodal and logistics services. Offering one of the broadest portfolios in the industry, Schneider’s solutions include Regional and Long-Haul Truckload, Expedited, Dedicated, Bulk, Intermodal, Brokerage, Warehousing, Supply Chain Management, Port Logistics and Logistics Consulting.
With $5.6 billion in annual revenue, Schneider has been safely delivering superior customer experiences and investing in innovation for over 85 years. The company’s digital marketplace, Schneider FreightPower®, is revolutionizing the industry giving shippers access to an expanded, highly flexible capacity network and provides carriers with unmatched access to quality drop-and-hook freight – Always Delivering, Always Ahead.
For more information about Schneider, visit Schneider.com or follow the company socially on Facebook, LinkedIn and Twitter: @WeAreSchneider.
Media Relations Contact
Kara Leiterman, Schneider
M 920-370-7188
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Investor Relations Contact
Steve Bindas, Schneider
920-357-SNDR (7637)
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LOS ANGELES--(BUSINESS WIRE)--Faraday Future (NASDAQ: FFIE) ("FF" or “the Company”), a California-based global shared intelligent electric mobility ecosystem company, today announced that FF Global CEO Xuefeng (“XF”) Chen and Ms. Ke Sun have been appointed to FF’s Board of Directors, effective December 27, 2022. Mr. XF Chen and Ms. Ke Sun fill the vacancies on the Board due to the resignations of Dr. Carsten Breitfeld and Mr. Edwin Goh, who both stepped down from the Board effective as of December 26, 2022.
Ms. Ke Sun is a designee of FF Top Holding LLC (“FF Top”) pursuant to the Shareholder Agreement entered into by the Company and FF Top, dated July 21,2021. Mr. Edwin Goh was previously a designee of FF Top on the Board. The Company thanks Mr. Edwin Goh for his valuable service as a member of the Board.
Ms. Ke Sun served as the Chief Financial Officer of Yudo New Energy Auto Co., Ltd., an electric car original equipment manufacturer (“OEM”) in Fujian Province, China, from August 2020 to June 2022. From September 2017 to May 2019, Ms. Sun served as an independent financial adviser and assisted in the fundraising efforts of HoloMatic Technology Ltd., a start-up company that is developing Level 3 automatic driving by co-developing hardware and software with mainstream Chinese OEMs. From June 2016 to December 2017, Ms. Sun served as Vice President of Investor Relations of BAIC Motor Corporation Limited (“BAIC Motor”), a Hong Kong Stock Exchange-listed company. BAIC Motor is an OEM affiliate of Beijing Automotive Group Co., Ltd., a Fortune Global 500 conglomerate. Ms. Sun also served as the Secretary of the board of directors of BAIC Motor from September 2016 to September 2017. Prior to that, Ms. Sun held several leadership roles at various Chinese companies, including at a Chinese internet company, a global media group listed on The Nasdaq Stock Market LLC, and a Chinese telecom operator. Ms. Sun graduated with a bachelor’s degree in International Financial Law from Dalian Maritime University. She also has a Board of Directors Secretary Certificate issued by the Shanghai Stock Exchange and a Fund Qualification Certificate issued by the Asset Management Association of China.
The Company expects to start production of a saleable FF 91 Futurist at the end of March 2023, with deliveries before the end of April, subject to the timely availability of additional funding, and receipt of shareholder approval for a sufficient increase in FFIE'S authorized shares. The Company continues to make progress with testing and validation of the FF 91 Futurist through the Product and Technology Generation 2.0 program (PT Gen 2.0).
The Company also recently announced it has completed manufacturing milestone #6, the completion of construction and equipment installation in vehicle assembly areas. This marks six of the seven milestones (the 7th milestone being SOP) that FF laid out late in 2021 to mark its manufacturing achievements towards the start of production of the FF 91 Futurist.
Users can preorder an FF 91 Futurist via the FF Intelligent App or through our website (English): https://www.ff.com/us/preorder/ or (Chinese): https://www.ff.com/cn/preorder/
Download the new FF Intelligent App (English): https://apps.apple.com/us/app/id1454187098 or https://play.google.com/store/apps/details?id=com.faradayfuture.online, (Chinese): http://appdownload.ff.com
ABOUT FARADAY FUTURE
Faraday Future is a class-defining luxury electric vehicle company. The Company has pioneered numerous innovations relating to its products, technology, business model, and user ecosystem since inception in 2014. Faraday Future aims to perpetually improve the way people move by creating a forward-thinking mobility ecosystem that integrates clean energy, AI, the Internet, and new usership models. Faraday Future’s first flagship product is the FF 91 Futurist.
FOLLOW FARADAY FUTURE:
https://twitter.com/FaradayFuture
https://www.facebook.com/faradayfuture/
https://www.instagram.com/faradayfuture/
www.linkedin.com/company/faradayfuture
NO OFFER OR SOLICITATION
This communication shall neither constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.
FORWARD LOOKING STATEMENTS
This press release includes “forward looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements, which include statements regarding anticipated start of production (SOP) and delivery timing for our FF 91 Futurist vehicle, additional anticipated funding and timing for receipt thereof and FF stockholder approval of an authorized share increase and the timing thereof, are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include the Company’s ability to satisfy the conditions precedent and close on the various financings previously disclosed by the Company and anticipated additional financings, the failure of any which could result in the Company seeking protection under the Bankruptcy Code; the Company’s ability to amend its certificate of incorporation to permit sufficient authorized shares to be issued in connection with the Company’s existing and contemplated financings; the ability of the Company to agree on definitive documents to effectuate the governance changes with FF Top; the Company’s ability to remain in compliance with its public filing requirements under the Securities Exchange Act of 1934, as amended, and the listing requirements of The Nasdaq Stock Market LLC (“Nasdaq”) and to continue to be listed on Nasdaq; the outcome of the SEC investigation relating to the matters that were the subject of the Special Committee investigation and other litigation involving the Company; the Company’s ability to execute on its plans to develop and market its vehicles and the timing of these development programs; the Company’s estimates of the size of the markets for its vehicles and cost to bring those vehicles to market; the rate and degree of market acceptance of the Company’s vehicles; the success of other competing manufacturers; the performance and security of the Company’s vehicles; potential litigation involving the Company; the result of future financing efforts and general economic and market conditions impacting demand for the Company’s products; recent cost, headcount and salary reduction actions may not be sufficient or may not achieve their expected results; and the ability of the Company to attract and retain directors and employees. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the Company’s registration statement on Form S-1 filed on December 23, 2022, and other documents filed by the Company from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and the Company does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
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TULSA, Okla.--(BUSINESS WIRE)--Helmerich & Payne, Inc. (NYSE: HP) today announced that John Lindsay, President and Chief Executive Officer; Mark Smith, Senior Vice President and Chief Financial Officer; Mike Lennox, Senior Vice President of U.S. Land Operations; and Dave Wilson, Vice President of Investor Relations plan to participate in the following investor conferences during the month of January 2023. Participation by the management team will vary by event.
Investor slides to be used during the conferences will be available for download on the company’s website, within Investors, under Presentations, the afternoon of January 4, 2023.
About Helmerich & Payne, Inc.
Founded in 1920, Helmerich & Payne, Inc. is committed to delivering industry leading drilling productivity and reliability. H&P operates with the highest level of integrity, safety and innovation to deliver superior results for our customers and returns for shareholders. Through its subsidiaries, the Company designs, fabricates and operates high-performance drilling rigs in conventional and unconventional plays around the world. H&P also develops and implements advanced automation, directional drilling and survey management technologies. For more information, visit www.helmerichpayne.com.
Helmerich & Payne uses its website as a channel of distribution for material company information. Such information is routinely posted and accessible on its Investor Relations website at www.helmerichpayne.com.
IR Contact:
Dave Wilson, Vice President of Investor Relations
918-588-5190
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DUBLIN--(BUSINESS WIRE)--The "Marine Grease Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global marine grease market size reached US$ 359.6 Million in 2021. Looking forward, the publisher expects the market to reach US$ 464.1 Million by 2027, exhibiting a CAGR of 4.34% during 2021-2027.
Companies Mentioned
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Marine grease is a semi-solid lubricant with jelly-like consistency used for protecting marine vessels from corrosion, wear and tear and water washout by maintaining an oil film to prevent metal-to-metal contact between the cylinder liner and piston rings. It facilitates siding and rolling motion and is manufactured by blending mineral oils with asphaltic oils and soap or bio-based materials.
Some commonly used marine greases include engine, hydraulic, compressors, slideways, gear, heat transfer and turbine oils. They are hydrophobic in nature and exhibit various advantageous properties, such as high viscosity index, thermal resistance and minimal rusting and oxidation. They also act as sealants to prevent water from entering the vessels. As a result, they are widely used in bulker, tanker, container and passenger ships, along with service, special purpose and offshore vessels.
Significant growth in the shipping industry across the globe is one of the key factors creating a positive outlook for the market. Moreover, increasing international trade activities and the development of new waterways are providing a thrust to the market growth. Marine greases are widely used for maintaining the efficiency of the vessels.
They offer a wider temperature range, high mechanical and thermal stability, corrosion protection and longer lubrication intervals. In line with this, the increasing requirement for high engine performance and protection is also resulting in the widespread adoption of marine cylinder oils.
Additionally, various product innovations, such as the development of bio-based and environment-friendly marine lubricants, are acting as other growth-inducing factors. These novel variants are manufactured using renewable and non-bio accumulative materials with low sulfur levels.
Other factors, including rising expenditure capacities of the consumers, along with the implementation of favorable government policies promoting marine trade activities, are anticipated to drive the market toward growth.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global marine grease market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on thicker type and end use.
Breakup by Thicker Type:
Breakup by End Use:
Breakup by Region:
Key Questions Answered in This Report:
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BOCA RATON, Fla.--(BUSINESS WIRE)--Bluegreen Vacations Holding Corporation (NYSE: BVH) (OTCQX: BVHBB) (“Bluegreen” or the “Company”) announced today the final results of its cash tender offer to purchase up to 4,500,000 shares of its Class A Common Stock at a purchase price of $25.00 per share. The tender offer expired at 5:00 P.M., Eastern time, on Friday, December 23, 2022.
Based on the final count by American Stock Transfer & Trust Company, LLC, the Depositary for the tender offer, a total of 3,040,882 shares of Bluegreen’s Class A Common Stock were properly tendered and not withdrawn. In accordance with the terms and conditions of the tender offer, Bluegreen will purchase all 3,040,882 shares tendered for an aggregate price of approximately $76.0 million, excluding fees and expenses relating to the tender offer. The Depositary will promptly issue payment for the shares being purchased.
The shares to be purchased represent approximately 18.9% of the issued and outstanding shares of Bluegreen’s Class A Common Stock and 15.4% of the total number of issued and outstanding shares of Bluegreen’s Class A Common Stock and Class B Common Stock. The shares purchased in the tender offer will be canceled by the Company. After giving effect to the purchase and cancellation of the shares, Bluegreen will have 16,719,269 shares of Common Stock issued and outstanding, consisting of 13,055,152 shares of Class A Common Stock and 3,664,117 shares of Class B Common Stock.
Shareholders who have questions or would like additional information about the tender offer may contact the Information Agent for the tender offer, Laurel Hill Advisory Group, LLC, toll-free at (888) 742-1305.
About Bluegreen Vacations Holding Corporation:
Bluegreen Vacations Holding Corporation (NYSE: BVH; OTCQX: BVHBB) is a leading vacation ownership company that markets and sells vacation ownership interests and manages resorts in popular leisure and urban destinations. The Bluegreen Vacation Club is a flexible, points-based, deeded vacation ownership plan with 70 Club and Club Associate Resorts and access to nearly 11,300 other hotels and resorts through partnerships and exchange networks. The Company also offers a portfolio of comprehensive, fee-based resort management, financial, and sales and marketing services to, or on behalf of, third parties.
For further information, please visit us at:
Bluegreen Vacations Holding Corporation: www.BVHCorp.com
This press release contains forward-looking statements. All opinions, forecasts, projections, future plans, and other statements, other than statements of historical fact, are forward-looking statements. The forward-looking statements in this press release are also 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 are based on current expectations and involve risks, uncertainties, and other factors, many of which are beyond the Company’s control, that may cause actual results or performance to differ from those set forth or implied in the forward-looking statements. These risks and uncertainties include, but are not limited to, those relating to the tender offer described in this press release and the risks and uncertainties relating to the business, operations, affairs, plans, strategies, results, and financial condition of the Company, and the ownership of the Company’s stock, detailed in the Company’s filings with the Securities and Exchange Commission (the “SEC”), including the Company’s Annual Report on Form 10-K for the year ended December 31, 2021 (including the “Risk Factors” section thereof) and Quarterly Report on Form 10-Q for the quarter ended September 30, 2022, which may be viewed on the SEC's website at www.sec.gov and in the “Investor Relations” section of the Company’s website at www.BVHCorp.com. The Company cautions that the foregoing factors are not exclusive. Readers should not place undue reliance on any forward-looking statement, which speaks only as of the date made.
Bluegreen Vacations Holding Corporation Contact Info:
Investor Relations: Leo Hinkley, Managing Director, Investor Relations Officer
Telephone: 954-399-7193
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "Malaysia Diesel Generator Set Market Size & Share Analysis by Power Rating (5-75kVA, 76-375 kVA, 376-750 kVA, Above 750 kVA), Application (Commercial, Industrial, Residential) - Industry Growth Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
Malaysia diesel generator set market revenue was approximately $82.6 million in the year 2021, and it is predicted to rise at a growth rate of around 2% in the coming years, to $97.9 million by 2030.
The strong focus of the Government of Malaysia on infrastructure expansion, with plans to construct 1 million houses for homebuyers below the 40% income bracket by the year 2029, can be credited for this. Due to such efforts, the construction sector of Malaysia grew by around 15% in 2021 from 2020.
Generators with a rating of above 750 kVA witness the highest demand in the Malaysia diesel generator set market, and their sales are projected to grow at a rate of around 2% over this decade. The requirement for them mainly arises in the industrial sector. In the last two decades, Malaysia has accounted for 40% of the global HDD production, and it continues to be one of its major exporters.
In 2021, the commercial sector was the largest contributor to the Malaysia diesel generator set market. Over the last ten years, Malaysia has become significant for medical tourism, ICT, and logistics services. Furthermore, numerous MNCs have set up their offices in Malaysia as it has a promising business and consumer environment, an affinity for the products of the U.S., established infrastructure and legal framework, and an aptitude to make profits.
There is a continuous increase in the demand for energy in Malaysia; however, the existing supply is not adequate, hence giving rise to frequent power cuts, chiefly because of natural disasters. The risk of floods and tsunamis in the country is perpetually high; for example, in December 2021, TNB briefly shut down 333 power substations in six states, as a safety measure. This affected 17,251 consumers in Pahang, 5,062 in Selangor, 4,450 in the country's capital, 284 in Negeri Sembilan, 470 in Kelantan, and 634 in Melaka.
Major companies in the Malaysia diesel generator set market are engaging in the introduction of new products to remain ahead of competitors.
For example, Cummins Inc. launched in September 2021 the NEW EC-AGS+ wireless system for controlling Onan diesel and gas generator sets. It lets users control their generators with a mobile application, which also permits automatic, manual, and voice activation to start the generators, offers reminders for maintenance, through Bluetooth; and allows for climate monitoring.
Company Profiles
Key Topics Covered:
Chapter 1. Research Background
Chapter 2. Research Methodology
Chapter 3. Executive Summary
Chapter 4. Industry Outlook
4.1 Definition of Market Segments
4.1.1 By Power Rating
4.1.1.1 5-75 kVA
4.1.1.2 76-375 kVA
4.1.1.3 376-750 kVA
4.1.1.4 Above 750 kVA
4.1.2 By Application
4.1.2.1 Commercial
4.1.2.1.1 Retail establishments
4.1.2.1.2 Offices
4.1.2.1.3 Telecom towers
4.1.2.1.4 Hospitals
4.1.2.1.5 Hotels
4.1.2.1.6 Others
4.1.2.2 Industrial
4.1.2.2.1 Manufacturing
4.1.2.2.2 Energy & power
4.1.2.2.3 Others
4.1.2.3 Residential
4.2 Market Dynamics
4.2.1 Trends
4.2.1.1 Technological advancements in diesel gensets
4.2.2 Drivers
4.2.2.1 Rising number of residential societies
4.2.2.2 Poor grid infrastructure and rising frequency of power outages
4.2.3 Impact Analysis of Drivers on Market Forecast
4.2.4 Restraints
4.2.4.1 Increasing penetration of renewable sources
4.2.5 Impact Analysis of Restraints on Market Forecast
4.3 Impact of COVID-19
4.4 Porter's Five Forces Analysis
Chapter 5. Malaysia Market Size and Forecast
5.1 Overview
5.2 Market Volume, by Power Rating (2017-2030)
5.3 Market Revenue, by Power Rating (2017-2030)
5.4 Market Volume, by Application (2017-2030)
5.4.1 Commercial Market Volume, by User
5.4.2 Commercial Market Volume, by Power Rating
5.4.3 Industrial Market Volume, by User
5.4.4 Industrial Market Volume, by Power Rating
5.5 Market Revenue, by Application (2017-2030)
5.5.1 Commercial Market Revenue, by User
5.5.2 Commercial Market Revenue, by Power Rating
5.5.3 Industrial Market Revenue, by User
5.5.4 Industrial Market Revenue, by Power Rating
Chapter 6. Competitive Landscape
6.1 List of Market Players and Their Offerings
6.2 Market Share Analysis of Key Players
6.3 Recent Strategic Developments of Key Players
Chapter 7. Company Profiles
7.1 Business Overview
7.2 Product and Service Offerings
7.3 Key Financial Summary
For more information about this report visit https://www.researchandmarkets.com/r/ct3xy6
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Laura Wood, Senior Press Manager
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