Benson Hill’s world-class scientists discover new mechanism for CRISPR technology that detects RNA
ST. LOUIS--(BUSINESS WIRE)--$BHIL #BHIL--A groundbreaking research study by a team that included scientists from Benson Hill, Inc. (NYSE: BHIL, the “Company” or “Benson Hill”), has been published this month in Nature, the world’s leading multidisciplinary journal, highlighting a new mechanism for Clustered Regularly Interspaced Short Palindromic Repeats (CRISPR) technology. The research paper, titled “Cas12a2 elicits abortive infection via RNA-triggered destruction of dsDNA,” discusses the discovery of a new enzymatic capability for CRISPR systems, opening the possibility of using CRISPR in new applications beyond gene editing – including cancer therapeutics, programmable shaping of microbial communities, and counterselection to enhance gene editing.
As part of its work to unlock the genetic diversity of plants, Benson Hill’s team collaborated with members of its Scientific Advisory Board, including university scientists from the U.S. and Germany, to uncover insights and solve a complex biological problem for how CRISPR enzymes work. In doing so, they discovered the underlying biology and a new mechanism for how CRISPR nucleases, specifically Cas12a2, can function. The study concludes that Cas12a2 holds substantial potential for CRISPR technologies as a biotechnological tool.
In a proof-of-principle demonstration, the research team showed that a specific amino acid sequence (SuCas12a2) can be repurposed for RNA detection and potentially expand and enhance the CRISPR-based toolkit. More specifically, the study notes that RNA targeted CRISPR activity could enable programmable killing of multiple cell types.
“At Benson Hill we recognize that it will take an entire community of innovators to solve the challenges of today. This is a great example of us partnering with the broader scientific community to better understand CRISPR technologies,” said Gina Neumann, Senior Scientific Manager, Research and Development at Benson Hill. “It truly takes a diversity of thought and approaches to unlock biology. I’m glad we could partner with fantastic academic collaborators to characterize this new enzymatic capability and lay a foundation for future innovative applications.”
From the early days of Benson Hill, the company has taken a bold approach to learning how genetic diversity can solve problems and create new technologies.
In November 2022 Benson Hill formally endorsed the Framework for Responsible Use of Gene Editing in Agriculture. For Benson Hill, the precision of advanced breeding techniques like gene editing unlocks the opportunity to improve diverse crops and focus on benefits like taste, nutrition, and sustainability to leverage the full power of plants and deliver better food choices to consumers.
The full study can be found online on Nature.com and in the Jan. 4 issue. Please refer to the Nature portfolio for the full study: https://www.nature.com/articles/s41586-022-05559-3.
About Benson Hill
Benson Hill moves food forward with the CropOS® platform, a cutting-edge food innovation engine that combines data science and machine learning with biology and genetics. Benson Hill empowers innovators to unlock nature’s genetic diversity from plant to plate, with the purpose of creating nutritious, great-tasting food and ingredient options that are both widely accessible and sustainable. More information can be found at bensonhill.com or on Twitter at @bensonhillinc.
Benson Hill
Christi Dixon
636.359.0797
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Media Kit
DUBLIN--(BUSINESS WIRE)--The "Global Ethylene Market (By Production Capacity & Demand): Insights & Forecast with Potential Impact of COVID-19 (2023-2027)" report has been added to ResearchAndMarkets.com's offering.
The global ethylene demand is forecasted to reach 244.67 million tonnes in 2027, rising at a CAGR of 1.82%, for the duration spanning 2023-2027. Factors such as upsurge in sales of consumer goods, growing gardening industry, escalating rate of packaging, rising consumption of alcoholic beverages and surging urbanization would drive the growth of the market.
However, the market growth would be challenged by fluctuations in ethylene prices, hazardous effect of ethylene oxide and stringent government regulations. A few notable trends may include rising production capacity of ethylene dichloride, growing petrochemical industry and increasing demand for bio-based polyethylene.
The global ethylene market is highly focused and concentrated with the production of polyethylene. Majority of the ethylene produced is used for the development of high-density polyethylene (HDPE) and low-density polyethylene (LDPE) due to the growing demand from various end use industries such as construction, automotive, packaging and others. Further, ethylene oxide is another major component that is derived from ethylene, which is likely to hold a significant share in the global market in coming years.
The fastest growing regional market was the U.S. due to the continuous additions of new capacity with the installation of new ethylene crackers. Further, China has emerged out as prominent region over a last decade due to significant initiatives and policies takes by Chinese government for the development of petrochemical industry. Both the regions have held significant shares and would continue to be the prominent players in the global ethylene market during the forecasted period.
Scope of the report
Key Target Audience
Key Topics Covered:
1. Overview
2. Impact of COVID-19
3. Global Market Analysis
4. Regional Market Analysis
5. Market Dynamics
5.1 Growth Drivers
5.1.1 Upsurge in the Sales of Consumer Goods
5.1.2 Growing Gardening Industry
5.1.3 Escalating Rate of Packaging
5.1.4 Rising Consumption of Alcoholic Beverages
5.1.5 Surging Urbanization
5.2 Key Trends and Developments
5.2.1 Rising Production Capacity of Ethylene Dichloride
5.2.2 Growing Petrochemical Industry
5.2.3 Increasing Demand for Bio-based Polyethylene
5.3 Challenges
5.3.1 Fluctuations in Ethylene Prices
5.3.2 Hazardous Effect of Ethylene Oxide
5.3.3 Stringent Government Regulations
6. Company Profiles
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/ghdvcn
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.
ResearchAndMarkets.com
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LUGANO, Switzerland & WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Energy Vault Holdings, Inc. (“Energy Vault”) (NYSE: NRGV), a global energy storage company today announced that on January 9, 2023, the Compensation Committee of Energy Vault’s Board of Directors granted restricted stock unit awards covering an aggregate of 614,600 shares of its common stock to 29 new, non-executive employees under the Energy Vault Holdings, Inc. 2022 Employment Inducement Award Plan (as amended and/or restated, the “Inducement Award Plan”). The restricted stock units were granted as inducements material to the employees entering into employment with Energy Vault in accordance with New York Stock Exchange Listing Rule 303A.08.
The Inducement Award Plan is used exclusively for the grant of equity awards to individuals who were not previously employees of Energy Vault, or following a bona fide period of non-employment, as an inducement material to such individuals’ entering into employment with Energy Vault, pursuant to New York Stock Exchange Listing Rule 303A.08.
The restricted stock units will vest with respect to the underlying shares as to 25% of the restricted stock units, on the first anniversary of the vesting commencement date and 6.25% of the restricted stock units, upon the employee’s completion of each three-month period of continuous service thereafter, subject to the employee’s continued employment with Energy Vault on such vesting dates. The restricted stock units are subject to the terms and conditions of the Inducement Award Plan and the terms of the restricted stock unit award agreement covering the grant.
In addition, awards of 250,000 and 450,000 restricted stock units have been made to Jan Kees Van Gaalen and Edmund Brown Jensen, respectively, which vest as to 25% of the restricted stock units, on the first anniversary of the vesting commencement date and 6.25% of the restricted stock units, in 12 quarterly installments thereafter, subject to the employee’s continued employment with Energy Vault on such vesting dates. Jan Kees Van Gaalen received an additional award of 350,000 restricted stock units that vest based upon the achievement of certain trading price levels, subject to continued service. These restricted stock units are subject to the terms and conditions of the Inducement Award Plan and the terms of the restricted stock unit award agreement covering the grant. These awards were each negotiated in connection with the commencement of Mr. Van Gaalen and Mr. Jensen’s employment with Energy Vault.
About Energy Vault
Energy Vault develops and deploys utility-scale energy storage solutions designed to transform the world's approach to sustainable energy storage. The company's comprehensive offerings include proprietary gravity-based storage, battery storage, and green hydrogen energy storage technologies. Each storage solution is supported by the company’s hardware technology-agnostic energy management system software and integration platform. Unique to the industry, Energy Vault’s innovative technology portfolio delivers customized short-and-long-duration energy storage solutions to help utilities, independent power producers, and large industrial energy users significantly reduce levelized energy costs while maintaining power reliability. Utilizing eco-friendly materials with the ability to integrate waste materials for beneficial reuse, Energy Vault’s EVx™ gravity-based energy storage technology is facilitating the shift to a circular economy while accelerating the global clean energy transition for its customers. Please visit www.energyvault.com for more information.
Investors:
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DUBLIN--(BUSINESS WIRE)--The "Hydrogen Generation Market By Source, By Process, By Delivery Mode, By Application: Global Opportunity Analysis and Industry Forecast, 2021-2031" report has been added to ResearchAndMarkets.com's offering.
The global hydrogen generation market was valued at $136.3 billion in 2021, and is projected to reach $262.0 billion by 2031, growing at a CAGR of 6.8% from 2022 to 2031.
Hydrogen generation is a term which describes the process in which hydrogen is manufactured using various raw materials through different processes such as steam methanol reforming, coal gasification, and others. Hydrogen plays a vital role in the oil & gas and chemical manufacturing industries.
Furthermore, the increase in awareness among the people regarding the advantages of the utilization of hydrogen as a power source in transportation sector has positive impact on the hydrogen generation market.
Hydrogen is also significantly used as a clean fuel alternative to electricity generation and propels vehicles. It is used as a fuel to curb harmful discharges and deliver water vapor and heat as the only output through fuel cells. Fuel cell manufacturers are continuously striving to introduce advanced systems with feasible integration in various applications.
Furthermore, different methods such as steam methane reforming, gas partial oxidation, and auto thermal reforming are adopted across the industry to generate hydrogen to serve the increasing requirements in various applications.
The governments from different emerging as well as developed countries have shown significant interest in achieving carbon neutrality. In addition, the administrations have also updated their strategies to include clean energy sectors in their future prospects fueling the expansion of hydrogen economy.
For instance, in March 2021, India and the U.S. governments have decided to update their strategic energy partnership to include low carbon technologies such as hydrogen and bio fuels. The two nations have also agreed to boost the R&D activities with programs such as partnership to advance clean energy research for renewable energy.
Impact of Covid-19 on Hydrogen Generation Market
The global COVID-19 pandemic has had negative impact on the hydrogen generation market. Outbreak of pandemic simultaneously affected households, business, financial institutions, industrial establishments and infrastructure companies across the globe.
The novel coronavirus has affected several economies and caused lockdown in many countries which has limited the growth of the market. The shutdown of industrial manufacturers led to the decline in the demand for solar related equipment in most of the countries across the world leading to decline in the growth of the hydrogen generation market. The decrease in utilization of power in the industrial facilities across the globe during the outbreak has a negative impact on the development of the market.
At the initial stage, demand for hydrogen significantly declined due to lockdowns. Furthermore, the supply of hydrogen was hampered, as a major portion of the hydrogen is produced from natural gas reforming. However, governments of various countries across the world have eased lockdown restrictions. Therefore, there is a steady rise in the manufacturing process. This is driving the demand for hydrogen in industrial applications. The trend is expected to continue during the forecast period.
Key Benefits For Stakeholders
Key Market Segments
By Source
By Process
By Delivery Mode
By Application
By Region
Key Market Players
For more information about this report visit https://www.researchandmarkets.com/r/iq3kij
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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A prestigious recognition of the company’s strategic adoption of Fourth Industrial Revolution technologies to successfully raise productivity and shorten customers’ time-to-market.
KAOHSIUNG, Taiwan--(BUSINESS WIRE)--Advanced Semiconductor Engineering, Inc. (ASE, a member of ASE Technology Holding Co., Ltd. TAIEX: 3711, NYSE: ASX), announced today that its bumping factory in Kaohsiung has been inducted into the World Economic Forum’s Global Lighthouse Network (GLN), a community of manufacturing sites and value chains that are leaders in the adoption of Fourth Industrial Revolution (4IR) cutting edge technologies. ASE’s bumping factory in Kaohsiung is amongst the 18 GLN sites announced by the WEF on January 13th, joining the ranks of 132 leading manufacturers.
The increasing complexity of semiconductor chip manufacturing processes characterized by market disruptions in supply and demand, had caused unprecedented challenges for ASE Kaohsiung’s bumping factory. In the bumping operation, there are more than 100 process steps compared with traditional IC packaging operations. To streamline the manufacturing processes and optimize production, ASE strategically planned and deployed 4IR technologies across its operations. In particular, AI enabled processes helped ASE to improve manufacturing yields and accuracy, resulting in an increase in output by 67% and a reduction of order leadtime by 39%.
“By integrating 4IR technologies into their operations, Lighthouse companies are achieving double-digit impact on throughput, costs, and lead times,” said Francisco Betti, Head of Shaping the Future of Advanced Manufacturing and Value Chains, World Economic Forum. “In this next chapter of the Fourth Industrial Revolution, they are setting the pace across industries. Lighthouses are demonstrating how to scale advanced technologies across entire manufacturing networks and beyond towards suppliers and customers or new functions, such as procurement, logistics, and research and development,” he continued.
“We are extremely excited to join the ranks of 132 leading companies in the Global Lighthouse Network. At ASE, advancing our competitiveness and seizing new opportunities across diverse disciplines are central to our quest for manufacturing excellence,” said Sung-Fei Wang, Senior Vice President, ASE Inc, Kaohsiung. “As a premier semiconductor industry player, we are taking the lead to craft a smart manufacturing blueprint that optimizes technologies in the Fourth Industrial Revolution. We hope to inspire more industry players to contribute to building a resilient global smart manufacturing ecosystem and accelerate digital transformation,” he continued.
About ASE
Advanced Semiconductor Engineering, Inc. (a member of ASE Technology Holding Co., Ltd. TAIEX: 3711, NYSE: ASX) is the leading global provider of semiconductor manufacturing services in assembly and test. Alongside a broad portfolio of established assembly and test technologies, ASE is also delivering innovative advanced packaging and system-in-package solutions to meet growth momentum across a broad range of end markets, including 5G, Automotive, High Performance Computing and more. To learn about our advances in SiP, Fanout, MEMS & Sensor, Flip Chip, and, 2.5D, 3D & TSV technologies, all ultimately geared towards applications to improve lifestyle and efficiency, please visit: www.aseglobal.com or follow us on Twitter and LinkedIn @aseglobal.
About the Global Lighthouse Network
The Global Lighthouse Network is a community of production sites and value chains that are world leaders in the adoption and integration of the cutting-edge technologies of the Fourth Industrial Revolution (4IR). Lighthouses apply 4IR technologies such as artificial intelligence, 3D-printing and big data analytics to maximize efficiency and competitiveness at scale, transform business models and drive economic growth, while augmenting the workforce, protecting the environment and contributing to a learning journey for all-sized manufacturers across all geographies and industries. The Global Lighthouse Network is a World Economic Forum project in collaboration with McKinsey & Co, factories and value chains that join the Network are designated by an independent panel of experts.
ASE Media Contact:
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The 2023 Global Cleantech 100 recognizes e-Zinc as one of the exceptional innovators enabling the race to net-zero
TORONTO--(BUSINESS WIRE)--#Battery--e-Zinc, the company enabling sustainable, long-duration energy storage with its zinc-air battery, has made the prestigious Cleantech Group’s 2023 Global Cleantech 100 list of the most innovative and promising companies that will take us from commitments to actions to reach net-zero.
e-Zinc was chosen from 15,753 nominations from over 93 countries by the Global Cleantech 100 Expert Panel of leading investors, corporate and industrial executives. Since 2009, the highly anticipated Global Cleantech 100 annual report has documented companies with the most promising ideas in cleantech – the ones best positioned to help build a more de-carbonized and resource-efficient industrial future.
“Our team is thrilled to be named to the Global Cleantech 100 for the second year in a row. This is wonderful recognition of the passionate work we do everyday to commercialize our zinc-based battery and support the world’s transition to net-zero,” said James Larsen, CEO at e-Zinc. “Energy storage is just one part of the solution, so we would like to congratulate and thank our peers on the GCT100 list and all of the other incredible companies that are poised to help us decarbonize our planet.”
“This Global Cleantech 100 edition is remarkable for the number of businesses in it who represent solutions for some of the hardest of decarbonization challenges and those who are working on some of the critical materials issues coming our way, real soon,” said Richard Youngman, CEO, Cleantech Group. “We salute not only these 100 companies, but all the thousands beyond, who are fighting the good fight.”
Download the Global Cleantech 100 complimentary report here.
Featured companies will be recognized at the upcoming Cleantech Forum North America on January 23-25 in Palm Springs, CA. Attendees will have the opportunity to connect with many of the companies on the list, along with many other rising stars.
About e-Zinc
e-Zinc is a zinc-air battery company based in Toronto. The company’s energy storage system can be up to 80 percent more cost effective than comparable lithium-ion systems for long-duration applications. Importantly, its energy storage system can operate in cold and hot climates and is made of abundant and recyclable materials. www.e-zinc.ca.
About Cleantech Group
Cleantech® Group provides research, consulting and events to catalyze opportunities for sustainable growth powered by innovation. At every stage from initial strategy to final deals, we bring corporate change makers, investors, governments and stakeholders from across the ecosystem the access and customized support they need to thrive in a more digitized, de-carbonized and resource-efficient future.
MEDIA:
Brandon Reid for e-Zinc
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PORTLAND, Ore.--(BUSINESS WIRE)--Northwest Natural Holding Company (NYSE: NWN) (NW Natural Holdings) announced today it will issue its fourth quarter and full year 2022 earnings release and conduct an analyst conference call and webcast to review results at 8 a.m. Pacific Time (11 a.m. Eastern Time) on Friday, Feb. 24, 2023.
To hear the conference by webcast, log on to NW Natural Holdings’ corporate website at ir.nwnaturalholdings.com. To hear the conference call by phone, please dial 1-844-200-6205 within the United States and enter the conference access code 193311. To join the call from Canada please dial 1-833-950-0062 and international callers can dial 1-929-526-1599 and access code 193311.
To access the conference replay, please call 1-866-813-9403 within the United States and enter the conference identification access code 343562. To hear the replay from Canada, please dial 1-226-828-7578 and from all other locations, please dial +44-204-525-0658.
About NW Natural Holdings
Northwest Natural Holding Company, (NYSE: NWN) (NW Natural Holdings), is headquartered in Portland, Oregon and has been doing business for more than 160 years. It owns Northwest Natural Gas Company (NW Natural), NW Natural Water Company (NW Natural Water), NW Natural Renewables Holdings (NW Natural Renewables), and other business interests.
NW Natural is a local distribution company that currently provides natural gas service to approximately 2.5 million people in more than 140 communities through more than 790,000 meters in Oregon and Southwest Washington with one of the most modern pipeline systems in the nation. NW Natural consistently leads the industry with high J.D. Power & Associates customer satisfaction scores. NW Natural owns and operates 21 Bcf of underground gas storage capacity in Oregon.
NW Natural Water currently provides water distribution and wastewater services to over 150,000 people through approximately 60,000 connections for communities throughout the Pacific Northwest, Texas and Arizona. Learn more about our water business at nwnaturalwater.com.
Additional information is available at nwnaturalholdings.com.
Investor Contact:
Nikki Sparley
Phone: 503-721-2530
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Media Contact:
David Roy
Phone: 503-610-7157
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DALLAS--(BUSINESS WIRE)--Energy Transfer LP (NYSE: ET) today announced that it plans to release earnings for the fourth quarter and full year 2022 on Wednesday, February 15, 2023, after the market closes.
The company will also conduct a conference call on Wednesday, February 15, 2023 at 3:30 p.m. Central Time/4:30 p.m. Eastern Time to discuss quarterly results and provide a company update including an outlook for 2023. The conference call will be broadcast live via an internet webcast, which can be accessed on Energy Transfer’s website at energytransfer.com. The call will also be available for replay on Energy Transfer’s website for a limited time.
Energy Transfer LP (NYSE: ET) owns and operates one of the largest and most diversified portfolios of energy assets in the United States, with a strategic footprint in all of the major domestic production basins. ET is a publicly traded limited partnership with core operations that include complementary natural gas midstream, intrastate and interstate transportation and storage assets; crude oil, natural gas liquids (NGL) and refined product transportation and terminalling assets; and NGL fractionation. ET also owns Lake Charles LNG Company, as well as the general partner interests, the incentive distribution rights and 28.5 million common units of Sunoco LP (NYSE: SUN), and the general partner interests and 46.1 million common units of USA Compression Partners, LP (NYSE: USAC). For more information, visit the Energy Transfer website at energytransfer.com.
The information contained in this press release is available on our website at energytransfer.com.
Investor Relations:
Bill Baerg
Brent Ratliff
Lyndsay Hannah
214-981-0795
Media Relations:
Vicki Granado
214-840-5820
ST. CATHARINES, Ontario--(BUSINESS WIRE)--#yourmarinecarrierofchoice--Algoma Central Corporation (“Algoma” or “the Company”) (TSX: ALC), a leading provider of marine transportation services, today announced that the Company’s Board of Directors authorized payment of a quarterly dividend to shareholders of $0.18 per common share.
The dividend is payable on March 1, 2023 to shareholders of record on February 15, 2023.
This $0.18 common share dividend represents a 6% increase from the $0.17 per share dividend paid on December 1, 2022. Since 2018, Algoma’s quarterly dividend has doubled and the Company has paid Special Dividends totaling $4.75 per share.
About Algoma Central Corporation
Algoma owns and operates the largest fleet of dry and liquid bulk carriers operating on the Great Lakes - St. Lawrence Seaway, including self-unloading dry-bulk carriers, gearless dry-bulk carriers and product tankers. Since 2010 we have introduced 10 new build vessels to our domestic dry-bulk fleet, with two under construction and expected to arrive in 2024, making us the youngest, most efficient and environmentally sustainable fleet on the Great Lakes. Each new vessel reduces carbon emissions on average by 40% versus the ship replaced. Algoma also owns ocean self-unloading dry-bulk vessels operating in international markets and a 50% interest in NovaAlgoma, which owns and operates the world's largest fleet of pneumatic cement carriers and a global fleet of mini-bulk vessels serving regional markets. Algoma truly is Your Marine Carrier of Choice™. For more information about Algoma, visit the Company's website at www.algonet.com.
Gregg A. Ruhl
Algoma Central Corporation
President & CEO
905-687-7890
Peter D. Winkley, CPA, CA
Algoma Central Corporation
EVP & Chief Financial Officer
905-687-7897
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 fourth-quarter of 2022. The distribution will be USA Compression's 40th consecutive distribution since its initial public offering in 2013, and will be paid on February 3, 2023 to unitholders of record as of the close of business on January 23, 2023.
Fourth-Quarter 2022 Earnings Conference Call
In addition, USA Compression will release its fourth-quarter 2022 results prior to the opening of U.S. financial markets on Tuesday, February 14. 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 by audio webcast, or if located in the U.S. or Canada, by phone. A replay will be available shortly after the call on USA Compression’s Investor Relations website.
By Webcast: |
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Connect to the webcast via the “Events” page of USA Compression’s Investor Relations website at https://investors.usacompression.com. Please log in at least 10 minutes in advance to register and download any necessary software. |
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By Phone: |
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Dial (888) 440-5655 at least 10 minutes before the call and ask for the USA Compression Partners Earnings 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.
USA Compression Partners, LP
Mike Pearl, Chief Financial Officer
(832) 823-7306
Julie McEwen, Controller
(512) 369-1389
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ROCKVILLE, Md.--(BUSINESS WIRE)--$AAC #SMRs--X-Energy Reactor Company, LLC (“X-energy” or the “Company”), a leading developer of small modular nuclear reactor and fuel technology for clean energy generation, announced today that Chief Executive Officer of X-energy, J. Clay Sell, and Co-Chairman and Chief Executive Officer of Ares Acquisition Corporation, Co-Founder of Ares and Co-Chairman of the Ares Private Equity Group, David Kaplan, will participate in an IPO Edge fireside chat.
As previously announced, X-energy has entered into a definitive business combination agreement with Ares Acquisition Corporation (NYSE: AAC) (“AAC”), which will establish X-energy as a public company. Upon the closing of the transaction, which is expected to be completed in the second quarter of 2023, the combined company will be named X-Energy, Inc. and its common equity securities and warrants are expected to be listed on the NYSE.
About X-Energy Reactor Company, LLC
X-energy is a leading developer of small modular nuclear reactor and fuel technology for clean energy generation that is redefining the nuclear energy industry through its development of safer and more efficient advanced small modular nuclear reactors and proprietary fuel to deliver reliable, zero-carbon and affordable energy to people around the world. X-energy’s simplified, modular and intrinsically safe SMR design expands applications and markets for deployment of nuclear technology and drives enhanced safety, lower cost and faster construction timelines when compared with other SMRs and conventional nuclear. For more information, visit X-energy.com or connect with us on Twitter or LinkedIn.
About Ares Acquisition Corporation
AAC is a special purpose acquisition company (SPAC) affiliated with Ares Management Corporation, formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination. AAC is seeking to pursue an initial business combination target in any industry or sector in North America, Europe or Asia. For more information about AAC, please visit www.aresacquisitioncorporation.com.
Forward Looking Statements
This press release contains certain forward-looking statements within the meaning of the federal securities laws with respect to the Business Combination, including statements regarding the benefits of the Business Combination, the anticipated timing of the Business Combination, the markets in which X-energy operates and X-energy’s projected future results. X-energy’s actual results may differ from its expectations, estimates and projections (which, in part, are based on certain assumptions) and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. Although these forward-looking statements are based on assumptions that X-energy and AAC believe are reasonable, these assumptions may be incorrect. These forward-looking statements also involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Factors that may cause such differences include, but are not limited to: (1) the outcome of any legal proceedings that may be instituted in connection with any proposed business combination; (2) the inability to complete any proposed business combination or related transactions; (3) inability to raise sufficient capital to fund our business plan, including limitations on the amount of capital raised in any proposed business combination as a result of redemptions or otherwise; (4) delays in obtaining, adverse conditions contained in, or the inability to obtain necessary regulatory approvals or complete regulatory reviews required to complete any business combination; (5) the risk that any proposed business combination disrupts current plans and operations; (6) the inability to recognize the anticipated benefits of any proposed business combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain key employees; (7) costs related to the proposed business combination; (8) changes in the applicable laws or regulations; (9) the possibility that X-energy may be adversely affected by other economic, business, and/or competitive factors; (10) the ongoing impact of the global COVID-19 pandemic; (11) economic uncertainty caused by the impacts of the conflict in Russia and Ukraine and rising levels of inflation and interest rates; (12) the ability of X-energy to obtain regulatory approvals necessary for it to deploy its small modular reactors in the United States and abroad; (13) whether government funding and/or demand for high assay low enriched uranium for government or commercial uses will materialize or continue; (14) the impact and potential extended duration of the current supply/demand imbalance in the market for low enriched uranium; (15) X-energy’s business with various governmental entities is subject to the policies, priorities, regulations, mandates and funding levels of such governmental entities and may be negatively or positively impacted by any change thereto; (16) X-energy’s limited operating history makes it difficult to evaluate its future prospects and the risks and challenges it may encounter; and (17) other risks and uncertainties separately provided to you and indicated from time to time described in filings and potential filings by X-energy, AAC or X-energy, Inc. with the SEC.
The foregoing list of factors is not exhaustive. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by investors as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of AAC’s Annual Report on Form 10-K, its subsequent Quarterly Reports on Form 10-Q, the proxy statement/prospectus related to the transaction, when it becomes available, and other documents filed (or to be filed) by AAC 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. These risks and uncertainties may be amplified by the conflict between Russia and Ukraine, rising levels of inflation and interest rates and the ongoing COVID-19 pandemic, which have caused significant economic uncertainty. Forward-looking statements speak only as of the date they are made. Investors are cautioned not to put undue reliance on forward-looking statements, and X-energy and AAC assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities and other applicable laws.
No Offer or Solicitation
This press release is for informational purposes only and is neither an offer to purchase, nor a solicitation of an offer to sell, subscribe for or buy, any securities or the solicitation of any vote in any jurisdiction pursuant to the Business Combination or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act.
Participants in the Solicitation
AAC and certain of its directors and executive officers may be deemed to be participants in the solicitation of proxies from AAC’s shareholders, in favor of the approval of the proposed transaction. For information regarding AAC’s directors and executive officers, please see AAC’s Annual Report on Form 10-K, its subsequent Quarterly Reports on Form 10-Q, and the other documents filed (or to be filed) by AAC from time to time with the SEC. Additional information regarding the interests of those participants and other persons who may be deemed participants in the Business Combination may be obtained by reading the registration statement and the proxy statement/prospectus and other relevant documents filed with the SEC when they become available. Free copies of these documents may be obtained as described in the preceding paragraph.
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CINCINNATI--(BUSINESS WIRE)--Third paragraph of release dated January 10, 2023 should be attributed to James A. Clark, President and CEO of LSI Industries.
The updated release reads:
LSI INDUSTRIES SOLAR INSTALLATION GENERATES SIGNIFICANT CUSTOMER ENERGY SAVINGS AND CARBON FOOTPRINT REDUCTION
LSI Industries Inc. (Nasdaq: LYTS), a leading U.S. based manufacturer of commercial and industrial lighting and display solutions, today announced results from its turnkey solar installation at a Speedy Stop refueling and convenience store in Austin, Texas. The LSI installation mounts a full array of solar panels atop the refueling center’s canopy and car wash. On an annual basis, the system generates 170 megawatt-hours (MWh) of electricity. These results allow the entire investment in the LSI solar panel system to be paid back in less than four years.
“LSI has been a great partner for years. When the opportunity arose to install solar at one of our sites, we were confident that LSI could deliver,” said Cliff Thomas, CEO and founder of C.L. Thomas Inc., which owns Speedy Stop. “Now that we are up and running, the investment is performing at—and sometimes greater than—the levels LSI modeled. Our electricity needs from the grid have been greatly reduced causing noticeable savings on our energy bills!”
“There are over one hundred thousand refueling sites in the U.S., which represents a significant opportunity for utilizing solar applications to realize substantial energy savings in an environmentally friendly way,” said James A. Clark, President and CEO of LSI Industries. “LSI is uniquely positioned to support the adoption of this technology as a leading manufacturer of energy-efficient lighting and display solutions within the refueling and C-store industry.” Clark continued, “This installation demonstrates LSI’s ability to provide innovative turnkey energy solutions while expanding our presence within other growing markets, including those well-aligned with our long-term plans.”
Thomas Fuels is a premier fuel, lubricant, and chemical distributor in the southern United States. They offer Exxon, Mobil, Shell, Chevron, Texaco, and Citgo branded fuels. For the last ten years, they have been one of the nation’s top five marketers for Chevron Lubricants and top five distributors for Exxon Gasoline.
About LSI Industries
Headquartered in Cincinnati, LSI is a publicly held company traded on the Nasdaq Stock Exchange under the symbol LYTS. The Company manufactures non-residential lighting and display solutions. Our lighting and lighting control systems consist of high-performance, American-made lighting solutions. The Company’s strength in outdoor lighting applications creates opportunities to introduce additional solutions to its valued customers. Our Display Solutions group consists of graphics solutions, digital signage, and technically advanced food display equipment for strategic vertical markets. LSI’s team of internal specialists also provide comprehensive project management services in support of large-scale product rollouts. The Company employs approximately 1,400 people at 11 manufacturing plants in the U.S. and Canada. Additional information about LSI is available at www.lsicorp.com.
Media Contact
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Live Virtual Presentation on Wednesday, January 18 at 4:00 P.M. ET
LOS ANGELES--(BUSINESS WIRE)--$CGRN #CleanPower--Capstone Green Energy Corporation (NASDAQ: CGRN), a global leader in carbon reduction and on-site resilient green Energy as a Service (EaaS) solutions, will be presenting virtually at the upcoming Sidoti January Micro-Cap Virtual Investor Conference on Wednesday, January 18, 2023, at 4:00 P.M. ET (1:00 P.M. PT). Darren Jamison, Capstone Green Energy’s President and Chief Executive Officer, will be presenting to a live virtual audience and answering questions from investors.
“Over the last several months Capstone has seen tremendous interest in our products and evolving business model. Capstone’s growing Energy as a Service (EaaS) business is a story that investors need to learn more about as it drives higher margins, generates more constant and predictable revenue, and enables us to leverage a more streamlined staffing model relative to a traditional industrial manufacturing company. We are seeing interest and orders across industries from new and repeat customers. Coupled with the anticipated opportunities created by the new U.S. Inflation Reduction Act (IRA), it’s a great time for investors to learn more about Capstone Green Energy which is why we are pleased to return to the Sidoti Conference,” said Darren Jamison, Capstone’s President and Chief Executive Officer.
Presentation Details
One-on-One Meetings
Darren Jamison, Capstone’s President and Chief Executive Officer, and Scott Robinson, Capstone Green Energy Chief Financial Officer, will be conducting one-on-one virtual meetings with qualified professional investors throughout both days of the conference on January 18 & 19, 2023. To register and schedule a time with management, please follow this link: Sidoti January Micro-Cap Virtual Investor Conference Registration.
Supporting presentation materials will be available on the conference day by visiting the Investor Relations section of the company’s website at www.capstonegreenenergy.com.
About Sidoti & Company
For more than two decades, Sidoti & Company (http://www.sidoti.com) has been a premier provider of independent securities research focused specifically on small and microcap companies and the institutions that invest in their securities. The firm serves nearly 500 institutional clients in the U.S., Canada, and the U.K., including many leading portfolio managers with $200 million to $2 billion of assets.
About Capstone Green Energy
Capstone Green Energy (www.CapstoneGreenEnergy.com) (NASDAQ: CGRN) is a leading provider of customized microgrid solutions and on-site energy technology systems focused on helping customers around the globe meet their environmental, energy savings and resiliency goals. Capstone Green Energy focuses on four key business lines. Through its Energy as a Service (EaaS) business, it offers rental solutions utilizing its microturbine energy systems and battery storage systems, comprehensive Factory Protection Plan (FPP) service contracts that guarantee life-cycle costs, as well as aftermarket parts. Energy Generation Technologies (EGT) is driven by the Company's industry-leading, highly efficient, low-emission, resilient microturbine energy systems offering scalable solutions in addition to a broad range of customer-tailored solutions, including hybrid energy systems and larger frame industrial turbines. The Energy Storage Solutions (ESS) business line designs and installs microgrid storage systems creating customized solutions using a combination of battery technologies and monitoring software. Through Hydrogen & Sustainable Products (H2S), Capstone Green Energy offers customers a variety of hydrogen products, including the Company's microturbine energy systems.
To date, Capstone has shipped over 10,000 units to 83 countries and estimates that in FY22, it saved customers over $213 million in annual energy costs and approximately 388,000 tons of carbon. Total savings over the last four years are estimated to be approximately $911 million in energy savings and approximately 1,503,100 tons of carbon savings.
For more information about the Company, please visit: www.CapstoneGreenEnergy.com. Follow Capstone Green Energy on Twitter, LinkedIn, Instagram, Facebook, and YouTube.
Cautionary Note Regarding Forward-Looking Statements
This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements regarding expectations for green initiatives and execution on the Company's growth strategy and other statements regarding the Company's expectations, beliefs, plans, intentions, and strategies. The Company has tried to identify these forward-looking statements by using words such as "expect," "anticipate," "believe," "could," "should," "estimate," "intend," "may," "will," "plan," "goal" and similar terms and phrases, but such words, terms and phrases are not the exclusive means of identifying such statements. Actual results, performance and achievements could differ materially from those expressed in, or implied by, these forward-looking statements due to a variety of risks, uncertainties and other factors, including, but not limited to, the following: the ongoing effects of the COVID-19 pandemic; the availability of credit and compliance with the agreements governing the Company's indebtedness; the Company's ability to develop new products and enhance existing products; product quality issues, including the adequacy of reserves therefor and warranty cost exposure; intense competition; financial performance of the oil and natural gas industry and other general business, industry and economic conditions; the Company's ability to adequately protect its intellectual property rights; and the impact of pending or threatened litigation. For a detailed discussion of factors that could affect the Company's future operating results, please see the Company's filings with the Securities and Exchange Commission, including the disclosures under "Risk Factors" in those filings. Except as expressly required by the federal securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, changed circumstances or future events or for any other reason.
Capstone Green Energy
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TULSA, Okla.--(BUSINESS WIRE)--Williams (NYSE: WMB) today announced the promotion of Chad Zamarin to Executive Vice President of Corporate Strategic Development, effective immediately. In his expanded role, Zamarin will assume responsibility for the company’s commodity marketing efforts, in addition to his current responsibilities that include corporate strategy, business development, project analysis, upstream joint ventures, new energy ventures, communications and corporate social responsibility.
“As we continue to better align our organizational structure with the ever-changing needs and growth of our business, I’m pleased to announce this well-deserved promotion for Chad,” said Alan Armstrong, Williams President and CEO. “Since joining Williams in 2017 as a senior vice president, Chad has successfully built on our strong natural gas focused strategy, while also leading efforts to advocate for natural gas and its role in our clean energy future. I look forward to Chad using his solid commercial expertise to further capitalize on opportunities to market and deliver natural gas, natural gas liquids and LNG as low-carbon energy sources.”
Prior to joining Williams, Zamarin served as Senior Vice President and President, Pipeline and Midstream at Cheniere Energy, Inc. He also served in various executive roles at NiSource/Columbia Pipeline Group, including Chief Operating Officer at NiSource Midstream, LLC and NiSource Energy Ventures, LLC, as well as President of Pennant Midstream, LLC.
Zamarin currently serves as Chairman of the Board of Directors of the Interstate Natural Gas Association of America and is a member of the Department of Transportation’s Gas Pipeline Advisory Committee.
About Williams
As the world demands reliable, low-cost, low-carbon energy, Williams (NYSE: WMB) will be there with the best transport, storage and delivery solutions to reliably fuel the clean energy economy. Headquartered in Tulsa, Oklahoma, Williams is an industry-leading, investment grade C-Corp with operations across the natural gas value chain including gathering, processing, interstate transportation, storage, wholesale marketing and trading of natural gas and natural gas liquids. With major positions in top U.S. supply basins, Williams connects the best supplies with the growing demand for clean energy. Williams owns and operates more than 30,000 miles of pipelines system wide – including Transco, the nation’s largest volume and fastest growing pipeline – and handles approximately 30 percent of the natural gas in the United States that is used every day for clean-power generation, heating and industrial use. Learn how the company is leveraging its nationwide footprint to incorporate clean hydrogen, next generation gas and other innovations at www.williams.com.
MEDIA:
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800-945-8723
INVESTOR CONTACT:
Danilo Juvane
918-573-5075
Grace Scott
918-573-1092
Increased Credit Capacity Provides Ample Capital Resources to Meet Targeted Fiscal 2023 Growth & Profitability Objectives
VISTA, Calif.--(BUSINESS WIRE)--Flux Power Holdings, Inc. (NASDAQ: FLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, has expanded the available credit under its existing facility with Silicon Valley Bank (“SVB Credit Facility”). The amended agreement increases the available capacity of the facility from $8 million to $14.0 million to support higher working capital requirements related to increased customer demand.
The Fourth Amendment includes but is not limited to increasing the amount of the revolving line of credit from $8.0 million to $14.0 million, removing the liquidity ratio financial covenant of the Company, amending the definition of Borrowing Base (as defined in the Fourth Amendment), which includes a new defined term for Net Orderly Liquidation Value (as defined in the Fourth Amendment), and removing certain defined liquidity terms.
“We are pleased to have entered into this amended credit facility providing $6.0 million in increased availability on our asset-based lending line, providing the additional cash to fund the inventory and receivables needed to meet our targeted growth goals,” said Ron Dutt, Flux Power Chief Executive Officer. “Silicon Valley Bank is a trusted banking advisor that has been part of our continued growth through the years as we’ve scaled our company. The additional availability also provides Flux with a core lending base to meet our anticipated capital resources to fund planned operations to achieve our fiscal 2023 growth and profitability objectives. Having now surpassed our 17th consecutive quarter of year-over-year revenue growth, it is reassuring to have this strong lending relationship to help support our working capital requirements.”
“Silicon Valley Bank is excited to further our support of Flux with this increased capacity under the working capital line of credit. We look forward to Flux’s continued progress in deploying clean, safe, and innovative battery technology solutions,” said Jordan Kanis, managing director of climate technology and sustainability at Silicon Valley Bank.
About Flux Power Holdings, Inc.
Flux Power (NASDAQ: FLUX) designs, manufactures, and sells advanced lithium-ion energy storage solutions for electrification of a range of industrial and commercial sectors including material handling, airport ground support equipment (GSE), and stationary energy storage. Flux Power’s lithium-ion battery packs, including the proprietary battery management system (BMS) and telemetry, provide customers with a better performing, lower cost of ownership, and more environmentally friendly alternative, in many instances, to traditional lead acid and propane-based solutions. Lithium-ion battery packs reduce CO2 emissions and help improve sustainability and ESG metrics for fleets. For more information, please visit www.fluxpower.com.
About Silicon Valley Bank
SVB Financial Group (NASDAQ: SIVB) and its subsidiaries help innovative companies and their investors move bold ideas forward, fast. SVB Financial Group's businesses, including Silicon Valley Bank, offer commercial, investment and private banking, asset management, private wealth management, brokerage and investment services and funds management services to companies in the technology, life science and healthcare, private equity and venture capital, and premium wine industries. Headquartered in Santa Clara, California, SVB Financial Group operates in centers of innovation around the world. Learn more at svb.com.
Forward-Looking Statements
This release contains projections and other "forward-looking statements" relating to Flux Power’s business, that are often identified using "believes," "expects" or similar expressions. Forward-looking statements involve several estimates, assumptions, risks, and other uncertainties that may cause actual results to be materially different from those anticipated, believed, estimated, expected, etc. Such forward-looking statements include impact of COVID-19 on Flux Power’s business, results and financial condition; Flux Power’s ability to obtain raw materials and other supplies for its products at competitive prices and on a timely basis, particularly in light of the potential impact of the COVID-19 pandemic on its suppliers and supply chain; the development and success of new products, projected sales, deferral of shipments, Flux Power’s ability to fulfill backlog orders or realize profit from the contracts reflected in backlog sale; Flux Power’s ability to fulfill backlog orders due to changes in orders reflected in backlog sales, Flux Power’s ability to obtain the necessary funds under the credit facilities, Flux Power’s ability to timely obtain UL Listing for its products, Flux Power’s ability to fund its operations, distribution partnerships and business opportunities and the uncertainties of customer acceptance and purchase of current and new products, and Flux Power’s ability to negotiate and enter into a definitive agreement in connection with the Letter of Intent. Actual results could differ from those projected due to numerous factors and uncertainties. Although Flux Power believes that the expectations, opinions, projections, and comments reflected in these forward-looking statements are reasonable, they can give no assurance that such statements will prove to be correct, and that the Flux Power’s actual results of operations, financial condition and performance will not differ materially from the results of operations, financial condition and performance reflected or implied by these forward-looking statements. Undue reliance should not be placed on the forward-looking statements and Investors should refer to the risk factors outlined in our Form 10-K, 10-Q and other reports filed with the SEC and available at www.sec.gov/edgar. These forward-looking statements are made as of the date of this news release, and Flux Power assumes no obligation to update these statements or the reasons why actual results could differ from those projected.
Flux, Flux Power, and associated logos are trademarks of Flux Power Holdings, Inc. All other third-party brands, products, trademarks, or registered marks are the property of and used to identify the products or services of their respective owners.
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MZ Group - MZ North America
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www.mzgroup.us
Achieves Annual Target; Franchising Expected to Contribute to Growth in 2023
WESTLAKE, Ohio--(BUSINESS WIRE)--TravelCenters of America Inc. (Nasdaq: TA), the nationwide operator and franchisor of the TA, Petro Stopping Centers and TA Express travel center brands signed 30 new franchise agreements in 2022, reaching its annual target. The company remains focused on franchising for accelerated network growth and continues to see year over year franchise signing growth. In 2022, TA opened three new franchised sites and plans to open 20 franchised locations in 2023.
In addition, TA is focused on acquisitions for network growth. The company acquired seven existing travel centers (six with truck maintenance facilities) which began operating as TA or Petro locations in 2022, and three standalone truck service facilities, which began operating as TA Truck Service during the year.
“The success of TA’s franchise and acquisition programs is a critical component of our strategic plan, and over time will add well located facilities to better serve our guests across the country,” said Jon Pertchik, Chief Executive Officer of TA. “I am excited by meeting our 2022 target for growth in franchise sites and excited to see our new franchise partners flag their travel centers with the TA and Petro brands. Our franchise and acquisition programs, along with our success in implementing other parts of our turnaround plan, and focus on our strategic plan, are a continued sign of the success of our efforts to improve our business.”
About TravelCenters of America
TravelCenters of America Inc. (Nasdaq: TA) is the nation's largest publicly traded full-service travel center network. Founded in 1972 and headquartered in Westlake, Ohio, its over 18,000 team members serve guests in 281 locations in 44 states, principally under the TA®, Petro Stopping Centers® and TA Express® brands. Offerings include diesel and gasoline fuel, truck maintenance and repair, full-service and quick-service restaurants, travel stores, car and truck parking and other services dedicated to providing great experiences for its guests. TA is committed to sustainability, with its specialized business unit, eTA, focused on sustainable energy options for professional drivers and motorists. TA operates over 600 full-service and quick-service restaurants and nine proprietary brands, including Iron Skillet® and Country Pride®. For more information, visit www.ta-petro.com.
Warning Regarding Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. These forward-looking statements are based upon TA’s present beliefs and expectations, but these statements and the implications of these statements are not guaranteed to occur and may not occur for various reasons, some of which are beyond TA’s control. For example, acquisition or franchising activity may not improve TA’s operations or financial performance, TA’s business model and execution may not be as successful in the future, and franchisees may not recognize anticipated operations and financial benefits. Investors are cautioned not to place undue reliance upon any forward-looking statements. Except as required by law, TA does not intend to update or change any forward-looking statements as a result of new information, future events or otherwise.
Investors:
Stephen Colbert
TravelCenters of America
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TravelCenters of America
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MONTREAL--(BUSINESS WIRE)--Ecolomondo Corporation (TSXV: ECM) (OTC: ECLMF) (the “Company” or “Ecolomondo”), a cleantech company specializing in the commercialization of its Thermal Decomposition Process (“TDP”) proprietary recycling technology and the building and operating of turnkey TDP facilities globally, has successfully processed its first thermal decomposition batch with its new state-of-the-art reactor installed at its recently built Hawkesbury TDP facility.
Ecolomondo performed on January 11, 2023, a first batch in Reactor 1 with complete success. Every part of the thermal reaction, reactor evacuation and control systems worked flawlessly and according to expectations. Ecolomondo’s technical and production teams were on site to perform the batch, first ever of the latest generation reactor.
This successful outcome is not surprising as Ecolomondo developed its proprietary technology over 25 years at its Contrecoeur (Quebec) pilot plant. The pilot plant consists of 2 industrial-size reactors that were developed and tested over many years, providing key data for setting technical specifications and developing all parameters required to obtain high quality end-products. The pilot plant and the hundreds of tests set the groundwork for the Hawkesbury commercial TDP facility.
Considering that all other sectors of the Hawkesbury TDP facility have been commissioned, Ecolomondo expects to begin its start-up stage immediately with ramp-up production to soon begin, leading gradually to full commercial operations.
“This is a very satisfying moment for me personally. To have achieved this milestone after 15 years of steadfast commitment is gratifying. TDP is an impressive technology, it serves purpose and will benefit society by being a global participant to the circular economy and contributor to the planet’s sustainability. The Hawkesbury facility is a huge undertaking, while building it, I assure you, we cut no corners, and spared no cost to make it one of the most advanced pyrolysis plants on the planet”, says Eliot Sorella, Chairman & CEO of Ecolomondo.
About Ecolomondo Corporation
Ecolomondo Corporation is a Canadian cleantech company headquartered in Quebec, Canada, with an over 25-year history focused on waste-to-resources technology development and deployment. Ecolomondo has developed the Thermal Decomposition Process (“TDP”), which recovers high-value circular commodities from end-of-life tires, including recovered carbon black (“rCB”), oil, steel and rubber. TDP lowers carbon emissions up to 90%, compared to the production of virgin carbon black. Ecolomondo has adopted a triple bottom line approach to business focused on people, planet and profit. Ecolomondo trades on the TSX Venture Exchange under the symbol (TSXV: ECM) (OTC:ECLMF). To learn more, visit www.ecolomondo.com
About TDP
The TDP system is technically proven and is superior to other pyrolysis technologies. Over the years, our Technological teams were able to overcome all uncertainties that plagued most competitors especially in there areas: pre-filtration, reactor cooling, reactor rotation, reactor evacuation, water recycling, cleaning of rCB, (hydrocarbon removal), mass monitoring, heat curve development, humidity and water removal, safety testing, full system automation, emissions control and monitoring, rCB and pyrolysis oil post processing, efficient syngas reuse.
Cautionary Note Regarding Forward Looking Statements
The information in this news release includes certain information and statements about management’s view of future events, expectations, plans and prospects that constitute forward-looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and because of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward- looking statements. Although Ecolomondo believes that the expectations reflected in forward looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct. Except as required by law, Ecolomondo disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether because of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.
Neither 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.
Ecolomondo Corporation
Eliot Sorella
Chairman and Chief Executive Officer, Ecolomondo
Tel: (450) 587-5999
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www.ecolomondo.com
PORTLAND, Ore.--(BUSINESS WIRE)--The Board of Directors of Northwest Natural Holding Company (NYSE: NWN) has declared a quarterly dividend of 48.5 cents per share on the Company's common stock.
The dividend will be paid on Feb. 15, 2023 to shareholders of record on Jan. 31, 2023. The Company's indicated annual dividend rate is $1.94 per share.
About NW Natural Holdings
Northwest Natural Holding Company (NYSE: NWN) (NW Natural Holdings) is headquartered in Portland, Oregon and has been doing business for more than 160 years. It owns Northwest Natural Gas Company (NW Natural), NW Natural Water Company (NW Natural Water), NW Natural Renewables Holdings (NW Natural Renewables), and other business interests.
NW Natural is a local distribution company that currently provides natural gas service to approximately 2.5 million people in more than 140 communities through more than 790,000 meters in Oregon and Southwest Washington with one of the most modern pipeline systems in the nation. NW Natural consistently leads the industry with high J.D. Power & Associates customer satisfaction scores. NW Natural owns and operates 21 Bcf of underground gas storage capacity in Oregon.
NW Natural Water currently provides water distribution and wastewater services to 150,000 people through approximately 60,000 connections for communities throughout the Pacific Northwest, Texas and Arizona. Learn more about our water business at nwnaturalwater.com.
Additional information is available at nwnaturalholdings.com.
Investor Contact: Nikki Sparley
Phone: 503-721-2530
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VANCOUVER, British Columbia--(BUSINESS WIRE)--#carboncapture--Following a series of major announcements, carbon Canadian capture and removal solutions provider, Svante, located in Vancouver, BC, announced today that it has been listed in Cleantech Group’s highly anticipated 2023 Global Cleantech 100.
Published annually, the Global Cleantech 100 lists the most innovative and promising companies that are expected to help the world achieve net-zero commitments.
The selection process consists of nominations from the public, Cleantech Group’s expert panel, i3 research portal, awards, and Cleantech Group staff, which this year totaled 15,753 companies from over 93 countries. Nominees were weighted and scored to create a shortlist of 330 companies that were reviewed by 81 members of an expert panel. The Global Cleantech 100 Expert Panel is made up of leading investors along with corporate and industrial executives who are active in technology and innovation scouting.
The Global Cleantech 100 program has been running since 2009. This prestigious annual report provides a complete list of companies with the most promising ideas in cleantech. These companies are found to be best positioned to help the world build a more digitized, de-carbonized, and resource-efficient industrial future. Download the Global Cleantech 100 complimentary report.
“This Global Cleantech 100 edition is remarkable for the number of businesses in it who represent solutions for some of the hardest of decarbonization challenges and those who are working on some of the critical materials issues coming our way, real soon,” said Richard Youngman, CEO, Cleantech Group. “We salute not only these 100 companies, but all the thousands beyond, who are fighting the good fight.”
“We are honoured to once again be listed in the Global Cleantech 100, and we’re thrilled for the other companies noted in the report”, said Claude Letourneau, Svante’s President & CEO. “We need to collectively do everything in our power to reach net zero, which includes all the tools in the decarbonization toolbox such as mass scale up of vehicle electrification, renewables, hydrogen, reforestation, and carbon capture, utilization and storage.”
The Global Cleantech 100 companies are delivering sustainable solutions in Agriculture & Food, Enabling Technologies, Energy & Power, Materials & Chemicals, Resources & Environment, and Transportation & Logistics sectors.
These featured companies will be recognized at the upcoming Cleantech Forum North America on January 23-25 in Palm Springs, CA. Event Attendees will have the opportunity to connect with several of the companies on the list, along with many other promising businesses.
In addition to being listed on the Cleantech 100 this year, Svante made some major announcements in recent months, including its closing of US$318 million in its Series E fundraising round, led by Chevron in December 2022. Further, the company ranked 2nd among privately owned companies in the Corporate Knights Future 50 Fastest-Growing Sustainable Companies in Canada ranking in June 2022. Svante has consistently been named in the Global Cleantech 100 report since 2019.
About Cleantech Group
Cleantech® Group provides research, consulting, and events to catalyze opportunities for sustainable growth powered by innovation. At every stage from initial strategy to final deals, we bring corporate change makers, investors, governments, and stakeholders from across the ecosystem the access and customized support they need to thrive in a more digitized, de-carbonized and resource-efficient future.
About Svante
Founded in 2007, Svante offers companies in emission-intensive industries a commercially viable way to capture large-scale CO2 emissions from existing infrastructure, either for safe storage or to be used for further industrial use in a closed loop. With the ability to capture CO2 from industrial sources and directly from the atmosphere in an environmentally sustainable way, Svante makes industrial-scale carbon capture and carbon removal a reality. Svante’s Board of Directors includes Nobel Laureate and former Secretary of Energy, Steven Chu. For more information on Svante, visit www.svanteinc.com.
Media
Colleen Nitta
Director of Marketing & Communications
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+1 (604) 970-2813
HOUSTON--(BUSINESS WIRE)--$XPRO #Expro--Energy services provider Expro Group Holdings N.V. (NYSE: XPRO) (the “Company” or “Expro”) announced today the pricing of an underwritten offering of 8,000,000 shares of its common stock currently owned by certain funds and accounts affiliated with Oak Hill Advisors (OHA) (the “Selling Shareholders”) at a price of $16.50 per share (before underwriting discounts and commissions). The offering was upsized from the previously announced offering of 7,250,000 shares of the Company’s common stock. The Selling Shareholders have granted the underwriters a 30-day option to purchase up to 1,200,000 additional shares of the Company’s common stock. Expro is not selling any shares and will not receive any proceeds from the sale of the shares in the offering. The offering is expected to close on January 18, 2023.
Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are acting as joint book-running managers for the offering. DNB Markets, Inc., Barclays Capital Inc., Evercore Group L.L.C., HSBC Securities (USA) Inc., Piper Sandler & Co., RBC Capital Markets, LLC, and Wells Fargo Securities, LLC are also serving as book-running managers for the offering.
The Company has an effective shelf registration statement (including a prospectus) on Form S-3 on file with the U.S. Securities and Exchange Commission (the “SEC”) and has filed a preliminary prospectus supplement with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, the prospectus supplement relating to and describing the terms of the offering, and other documents the Company has filed with the SEC for more complete information about the Company and this offering. You may obtain these documents for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, copies of the prospectus supplement and accompanying base prospectus relating to the offering, when available, may be obtained from Goldman Sachs & Co. LLC, 200 West Street, Attention: Prospectus Department, New York, New York 10282-2198, telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing This email address is being protected from spambots. You need JavaScript enabled to view it.; or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, telephone: 1-866-803-9204 or by emailing at This email address is being protected from spambots. You need JavaScript enabled to view it..
This press release shall not constitute an offer to sell or the solicitation of any offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Expro
Working for clients across the entire well life cycle, Expro is a leading provider of energy services, offering cost-effective, innovative solutions and what the Company believes to be best-in-class safety and service quality. The Company’s extensive portfolio of capabilities spans well construction, well flow management, subsea well access, and well intervention and integrity solutions.
With roots dating to 1938, Expro has approximately 7,600 employees and provides services and solutions to leading energy companies in both onshore and offshore environments in approximately 60 countries.
Karen David-Green – Chief Communications, Stakeholder & Sustainability Officer
+1 281 994 1056
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