VANCOUVER, British Columbia--(BUSINESS WIRE)--EverGen Infrastructure Corp. (“EverGen” or the “Company”) (TSXV: EVGN) (OTCQX: EVGIF), today announced plans to release its 2022 third quarter financial results on Monday, November 21, 2022, after market close. EverGen will hold a results and corporate update conference call at 10:00 a.m. eastern time on Tuesday, November 22, 2022, hosted by Chief Executive Officer, Chase Edgelow.
Conference Call Details are as follows:
Date: |
Tuesday, November 22, 2022 |
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Time: |
10:00 a.m. ET |
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Zoom Link: |
About EverGen Infrastructure Corp.
EverGen, Canada’s Renewable Natural Gas Infrastructure Platform, is combating climate change and helping communities contribute to a sustainable future. Headquartered on the West Coast of Canada, EverGen is an established independent renewable energy producer which acquires, develops, builds, owns and operates a portfolio of Renewable Natural Gas, waste to energy, and related infrastructure projects. EverGen is focused on Canada, with continued growth expected across other regions in North America and beyond.
For more information about EverGen Infrastructure Corp. and our projects, please visit www.evergeninfra.com.
EverGen Investor Contact
Victoria Rutherford
480-625-5772
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BROOKLYN, N.Y.--(BUSINESS WIRE)--Equinor and bp, in partnership with the Sunset Park Task Force and the New York City Economic Development Corporation (NYCEDC), will officially launch the new “Offshore Wind Ecosystem Fund” with a press conference and reception/light lunch on Tuesday, November 15th at 11:00am in Brooklyn, NY.
The $5 million clean energy fund will provide grants designed to spur job education and training, help historically marginalized communities access workforce and business opportunities, and assist small, minority-owned, women-owned, and disadvantaged business enterprises in New York City to foster innovation that contributes to the growth of the offshore wind ecosystem.
Speakers will discuss the Fund’s goal and how community organizations and businesses can apply. A reception/light lunch will be held for all attendees following the press conference.
What: |
Official Launch of the $5 Million Offshore Wind Ecosystem Fund |
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Who: |
Molly Morris, President, Equinor Wind US |
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Doreen M. Harris, President and CEO, NYSERDA |
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Esther Sosa, Sunset Park Task Force |
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Melisa Román Burch, COO of New York City Economic Development Corporation |
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When: |
Tuesday, November 15th at 11:00 AM EST* (registration begins at 10:45 AM) |
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*Press event 11:00 AM – 11:45 AM; reception/light lunch follows |
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Where: |
Brooklyn Grange, 850 3rd Avenue, Brooklyn, NY 11232 |
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Contact: |
Media should RSVP to: Paul Nathanson at This email address is being protected from spambots. You need JavaScript enabled to view it. / |
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Tel. 1- 202-828-1714 |
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Equinor is one of the largest offshore wind developers in the world. Its work in the United States includes the development of two lease areas off of New York, Empire Wind and Beacon Wind. The projects plan to provide New York State with 3.3 gigawatts (GWs) of energy—enough to power nearly two million homes—including more than 2 GWs from Empire Wind and 1,230 megawatts from Beacon Wind 1.
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202-828-1714
NEW YORK--(BUSINESS WIRE)--Majic Wheels Corp. (“Majic Wheels”) (OTC: MJWL), a holding company that operates through its subsidiary companies focused on disruptive industries such as Fintech, Insurtech, software development, and crypto exchange platform, through strategic acquisitions, and OceanTech Acquisitions I Corp. (“OceanTech”) (Nasdaq: OTEC/OTECU/OTECW), a special purpose acquisition company, today announced that they have entered into a definitive business combination agreement (the “Merger Agreement”) that will result in Majic Wheels becoming a publicly listed company on The Nasdaq Stock Market LLC. Additionally, concurrent and in connection with the Merger Agreement, OceanTech and Majic Wheels have entered into a Forward Share Purchase Agreement for up to $40 million committed backstop by Meteora Capital Partners and its affiliates (collectively, “Meteora”).
Upon closing of the transaction, OceanTech will be renamed Majic Corp. (the “Combined Company”) and expects to remain listed on The Nasdaq Stock Market LLC under the ticker symbol “MJWL” with a combined business value of $333,360,290 on the signing of the Merger Agreement. The Merger Agreement includes an earn-out consideration of up to $500,000,000 USD (50 million shares, including 10 million shares subject to the RSU Incentive Plan) over the next three years, based upon certain “triggering events” regarding the performance of the Combined Company and its management.
Led by a team of seasoned professionals from both traditional and digital markets, Majic Wheels has established a presence in Singapore, Malaysia, Mauritius and India, and is hoping to plant its roots in the UAE.
Majic Wheels’ ecosystem includes assets such as Calfin Global Crypto Exchange (“CGCX”), the world’s leading hybrid exchange, and PCEX, an Indian exchange that is transforming the B2B crypto landscape in over 250 locations within India. CGCX provides customers with a high caliber, secure, and simple-to-navigate crypto trading experience by combining four blockchain services onto a single platform. This includes a crypto exchange, merchant solutions, smart contracts, and an initial coin offering (“ICO") platform.
Sathyanandham Anguswami, CEO of Majic Wheels, comments: “Majic Wheels has spent the past year transforming and refocusing its core business, whilst simultaneously innovating it during a historic macro-economic downturn. As a result, we are excited to be emerging with a value proposition that is stronger than ever, and for which this Merger Agreement with OceanTech will be invaluable.”
Jeffrey Coats, Executive Chairman & Chief Strategy Officer of Majic Wheels, comments: “We are delighted to partner with OceanTech as we continue to grow and make waves in the burgeoning blockchain and Web 3 space. Majic Wheels is truly at an inflection point. Our business strategy and our clear and laser-focused vision has paved the way for Majic Wheels to take advantage of new growth opportunities in our fast-growing industry.”
Joseph Adir, CEO of OceanTech comments: “We are pleased to announce our business combination with Majic Wheels, an innovative company operating within the blockchain, fintech, and insurtech markets. We believe that this business combination will not only provide our investors with meaningful returns on their investments, but also assist Majic Wheels in advancing the future of technology. As blockchain has the potential to permeate every major industry, we believe this business combination will allow Majic Wheels to continue its expansion into existing and new markets.”
Transaction Overview
The proposed Merger Agreement represents a transaction value of approximately $200,000,000 USD (20 million shares). Additionally, certain recipients as further described in the Merger Agreement may receive earn-out consideration equal to a maximum of $500,000,000 USD (50 million shares, including 10 million shares subject to the RSU Incentive Plan) upon certain “triggering events” that are based on the Combined Company’s future revenue. Upon closing, after giving effect to any redemptions and any funded PIPE investment, and before expenses, the Combined Company can receive a maximum of $106,100,000 in cash held in trust by OceanTech, which will include the guaranteed backstop arrangement for the trust. The boards of directors of Majic Wheels and OceanTech have unanimously approved the proposed business combination, which is expected to be completed in 1H 2023, subject to, among other things, the approval by OceanTech’s and Majic Wheels’ shareholders, satisfaction of the conditions stated in the Merger Agreement and other customary closing conditions, including a registration statement being declared effective by the U.S. Securities and Exchange Commission (the “SEC”), the receipt of certain regulatory approvals, and approval by The Nasdaq Stock Market to list the securities of the Combined Company.
Additional information about the proposed transaction, including a copy of the Merger Agreement, this press release, and an investor presentation, will be provided in a Current Report on Form 8-K to be filed by OceanTech with the SEC and available at www.sec.gov. More information about the proposed transaction will also be described in OceanTech’s proxy statement/prospectus relating to the business combination, which it will file with the SEC.
Advisors
Nelson Mullins Riley & Scarborough LLP is serving as legal advisor to OceanTech. Norton Rose Fulbright US LLP is serving as legal advisor to Majic Wheels.
About OceanTech Acquisition I Corp.
OceanTech Acquisitions I Corp. is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. OceanTech is sponsored by OceanTech Acquisitions I Sponsors LLC, an affiliate of investor and entrepreneur Joseph Adir. For more information about OceanTech, please visit their website at https://oceantechspac.com/ and their publicly available filings at www.sec.gov.
About Majic Wheels
Majic Wheels Corp., listed and traded on the Over-the-Counter Market (OTC) under the trading symbol “MJWL”, is a Wyoming holding corporation that operates through its subsidiary companies in advanced, disruptive industries like Fintech, Insurtech, software development, and crypto via thoughtful and varied acquisitions. For more information about Majic Wheels, please visit their website at https://majiccorp.co/.
ADDITIONAL INFORMATION AND WHERE TO FIND IT
For additional information on the proposed transaction, see OceanTech’s Current Report on Form 8-K, which will be filed concurrently with this press release. In connection with the proposed transaction, the parties intend to file relevant materials with the Securities and Exchange Commission, including a registration statement on Form S-4 to be filed by OceanTech with the SEC, which will include a proxy statement/prospectus of OceanTech, and will file other documents regarding the proposed transaction with the SEC. OceanTech’s shareholders and other interested persons are advised to read, when available, the preliminary proxy statement/prospectus and the amendments thereto and the definitive proxy statement and documents incorporated by reference therein filed in connection with the proposed business combination, as these materials will contain important information about Majic Wheels, OceanTech, and the proposed business combination. Promptly after the Form S-4 is declared effective by the SEC, OceanTech will mail the definitive proxy statement/prospectus and a proxy card to each shareholder entitled to vote at the meeting relating to the approval of the Business Combination and other proposals set forth in the proxy statement/prospectus. Before making any voting or investment decision, investors and stockholders of OceanTech are urged to carefully read the entire registration statement and proxy statement/prospectus, when they become available, and any other relevant documents filed with the SEC, as well as any amendments or supplements to these documents, because they will contain important information about the proposed transaction. The documents filed by OceanTech with the SEC may be obtained free of charge at the SEC’s website at www.sec.gov, or by directing a request to OceanTech Acquisitions I Corp., 515 Madison Avenue, 8th Floor – Suite 8133, New York, New York, 10022 or (929) 412-1272.
Participants in Solicitation
OceanTech and its directors and executive officers may be deemed participants in the solicitation of proxies from its stockholders with respect to the business combination. A list of the names of those directors and executive officers and a description of their interests in OceanTech will be included in the proxy statement/prospectus for the proposed business combination when available at www.sec.gov. Information about OceanTech’s directors and executive officers and their ownership of OceanTech common stock is set forth in the OceanTech Form 10-K, dated March 16, 2022, and in their prospectus dated May 27, 2021, as modified or supplemented by any Form 3 or Form 4 filed with the SEC since the date of such filing. Other information regarding the interests of the participants in the proxy solicitation will be included in the proxy statement/prospectus pertaining to the proposed business combination when it becomes available. These documents can be obtained free of charge from the source indicated above.
Majic Wheels and their respective directors and executive officers may also be deemed to be participants in the solicitation of proxies from the stockholders of Majic Wheels in connection with the proposed business combination. A list of the names of such directors and executive officers and information regarding their interests in the proposed business combination will be included in the proxy statement/prospectus for the proposed business combination.
FORWARD-LOOKING STATEMENTS
This communication contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about future financial and operating results, our plans, objectives, expectations and intentions with respect to future operations, products and services; and other statements identified by words such as “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimated,” “believe,” “intend to,” “plan,” “projection,” “outlook,” “hope to” or words of similar meaning. These forward-looking statements include, but are not limited to, statements regarding Majic Wheels’ industry and market sizes, future opportunities for Majic Wheels and OceanTech, Majic Wheels’ estimated future results and the proposed business combination between OceanTech and Majic Wheels, including the implied enterprise value, the expected transaction and ownership structure and the likelihood, timing and ability of the parties to successfully consummate the proposed transaction. Such forward-looking statements are based upon the current beliefs and expectations of our management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control. Actual results and the timing of events may differ materially from the results anticipated in these forward-looking statements.
In addition to factors previously disclosed in OceanTech’s reports filed with the SEC and those identified elsewhere in this communication, the following factors, among others, could cause actual results and the timing of events to differ materially from the anticipated results or other expectations expressed in the forward-looking statements: inability to meet the closing conditions to the business combination, including the occurrence of any event, change or other circumstances that could give rise to the termination of the Merger Agreement; the inability to complete the transactions contemplated by the Merger Agreement due to the failure to obtain approval of OceanTech’s shareholders, the failure to achieve the minimum amount of cash available following any redemptions by OceanTech shareholders, redemptions exceeding a maximum threshold or the failure to meet The Nasdaq Stock Market’s initial listing standards in connection with the consummation of the contemplated transactions; costs related to the transactions contemplated by the Merger Agreement; a delay or failure to realize the expected benefits from the proposed transaction; risks related to disruption of management’s time from ongoing business operations due to the proposed transaction; changes in the cryptocurrency and digital asset markets in which Majic Wheels provides insurance and infrastructure offering services, including with respect to its competitive landscape, technology evolution or regulatory changes; changes in domestic and global general economic conditions, risk that Majic Wheels may not be able to execute its growth strategies, including providing software solutions for the broad blockchain technology, and identifying, acquiring, and integrating acquisitions; risks related to the ongoing COVID-19 pandemic and response; risk that Majic Wheels may not be able to develop and maintain effective internal controls; and other risks and uncertainties indicated in OceanTech’s final prospectus, dated May 27, 2021, for its initial public offering, and the proxy statement/prospectus relating to the proposed business combination, including those under “Risk Factors” therein, and in OceanTech’s other filings with the SEC. OceanTech and Majic Wheels caution that the foregoing list of factors is not exclusive.
Actual results, performance or achievements may differ materially, and potentially adversely, from any projections and forward-looking statements and the assumptions on which those forward-looking statements are based. There can be no assurance that the data contained herein is reflective of future performance to any degree. You are cautioned not to place undue reliance on forward-looking statements as a predictor of future performance as projected financial information and other information are based on estimates and assumptions that are inherently subject to various significant risks, uncertainties and other factors, many of which are beyond our control. All information set forth herein speaks only as of the date hereof in the case of information about OceanTech and Majic Wheels or the date of such information in the case of information from persons other than OceanTech or Majic Wheels, and we disclaim any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication. Forecasts and estimates regarding Majic Wheels’ industry and end markets are based on sources we believe to be reliable, however there can be no assurance these forecasts and estimates will prove accurate in whole or in part. Annualized, pro forma, projected and estimated numbers are used for illustrative purpose only, are not forecasts and may not reflect actual results.
No Offer or Solicitation
This press release shall not constitute a solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the proposed business combination. This press release shall also not 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 states or jurisdictions in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption therefrom.
Investor Relations
Lena Cati
The Equity Group, Inc.
(212) 836-9611
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Investor Relations
Majic Wheels Corp.
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NuScale joins energy buyers, energy suppliers, governments, investors and other organizations in committing to decarbonizing global electricity systems
PORTLAND, Ore.--(BUSINESS WIRE)--NuScale Power Corporation (NYSE: SMR) has joined the United Nations (UN) 24/7 Carbon-free Energy Compact (CEC) to advance the UN’s goal of accelerating the decarbonization of the world’s electricity systems to mitigate climate change and ensure access to clean and affordable electricity. The announcement was made as NuScale’s leaders participate at the 2022 United Nations Climate Change Conference in Sharm El-Sheikh, Egypt.
By joining the UN 24/7 Carbon-free Energy Compact, NuScale becomes a member of a global community of organizations collaborating to develop solutions that enable access to 24/7 carbon-free energy. A key principle of the CEC is the advancement of carbon-free energy technology such as NuScale’s VOYGR™ small modular reactor (SMR) power plants which can provide a source of reliable, high-capacity, and carbon-free energy while supporting a higher penetration of intermittent renewable generation sources. NuScale will also advocate for policies that support and accelerate the decarbonization movement and will encourage supply chain partners and investors to also join the UN 24/7 CEC.
“It cannot be emphasized enough - decarbonization is a global movement that requires cross-collaboration, and NuScale is proud to be part of the solution,” said John Hopkins, NuScale President and Chief Executive Officer. “NuScale is looking forward to working with CEC members to advance global decarbonization and accelerate the deployment of solutions such as our VOYGR SMR, which can meet the growing need for clean energy and energy security.”
Electricity accounts for over 30% of the world’s greenhouse gas emissions and is recognized as a critical sector that must be decarbonized to achieve net-zero goals by 2050. Meeting this challenge will require a rapid acceleration in the pace of clean energy deployment and the development of carbon-free energy technology and policy changes. By joining the CEC, NuScale illustrates that decarbonization can be found throughout the supply chain, and that NuScale small modular reactors are part of the broader solution to deep emissions reductions.
About NuScale Power
NuScale Power (NYSE: SMR) is poised to meet the diverse energy needs of customers across the world. It has developed small modular reactor (SMR) nuclear technology to supply energy for electrical generation, district heating, desalination, commercial-scale hydrogen production, and other process heat applications. The groundbreaking NuScale Power Module™ (NPM), a small, safe pressurized water reactor, can generate 77 megawatts of electricity (MWe) and can be scaled to meet customer needs. NuScale’s 12-module VOYGR™-12 power plant is capable of generating 924 MWe, and NuScale also offers four-module VOYGR-4 (308 MWe) and six-module VOYGR-6 (462 MWe) power plants, as well as other configurations based on customer needs.
Founded in 2007, NuScale is headquartered in Portland, Ore., and has offices in Corvallis, Ore.; Rockville, Md.; Charlotte, N.C.; Richland, Wash.; and London, UK. To learn more, visit NuScale Power's website or follow us on Twitter, Facebook, LinkedIn and Instagram.
Forward Looking Statements
This release may contain “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical facts. These forward-looking statements are inherently subject to risks, uncertainties and assumptions. Actual results may differ materially as a result of a number of factors. Caution must be exercised in relying on these and other forward-looking statements. Due to known and unknown risks, NuScale’s results may differ materially from its expectations and projections. NuScale specifically disclaims any obligation to update these forward-looking statements. These forward-looking statements should not be relied upon as representing NuScale’s assessments as of any date subsequent to the date of this release. Accordingly, undue reliance should not be placed upon the forward-looking statements.
Diane Hughes, Vice President, Marketing & Communications, NuScale Power
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(C) (503) 270-9329
Move further demonstrates company commitment to make real, meaningful contributions in reducing environmental impacts
CHARLOTTE, N.C.--(BUSINESS WIRE)--Dole Fresh Vegetables, a division of Dole plc (NYSE: DOLE) announced the implementation and activation of two General Electric 2.8-Megawatt wind turbines at its salad processing plant in Soledad, CA.
Each Dole turbine generating power to the facility stands 499 feet tall at maximum height with rotor diameters of 417 feet. Whenever sufficient wind is present to rotate the blades, electrical energy is automatically generated, 24 hours per day, seven days per week. This energy is primarily delivered to the Dole facility’s electrical system with any excess clean energy generated flowing directly to the Pacific Gas & Electric grid.
The environmental benefits of the project are expected to be significant according to forecasts. Pursuant to the Environmental Protection Agency’s Greenhouse Gas Equivalency Calculator,1 this wind project is estimated to directly reduce CO2 emissions by 14,921 tons per year.
“Representing an important milestone in our sustainability journey, these turbines will have a substantial impact on our operations’ carbon footprint,” stated Timothy Escamilla, President of Dole Fresh Vegetables. “They are projected to produce over 19 million kilowatt hours of clean electricity per year, which will result in a 70% offset to our overall energy consumption at this site.”
The Environmental Protection Agency has roughly estimated the positive annual impacts of these turbines to be equivalent to offsetting the electricity use of 2,634 American Homes.
Seeking domestically produced renewable energy and reducing the company’s reliance on fossil-fuel power to make a markable positive impact against climate change is in line with the company’s The Dole Way framework. Launched in 2020, the program’s goal is to keep improving opportunities for communities around the world by being an important pioneer of change.
With the facility’s focus on harnessing wind power Dole will also be contributing to the stability of the local electric grid. Salinas Valley possesses a unique geography that provides a strong and consistent wind during the summer months, and particularly in the evening when the electrical grid is most stressed and utilizes more fossil fuel peaker power plants.
The Dole wind turbines were manufactured by General Electric and installed by Foundation Windpower LLC, a developer, owner, and operator of utility-scale wind projects. The project was facilitated and brought to completion with the help of Ryan Park, of Spiral Energy LLC.
“These state-of-the-art Dole turbines represent the seventh Foundation Windpower installation in the Salinas Valley,” stated Steve Sherr, Executive Senior Vice President of Business Affairs for Foundation Windpower. “We are proud to work with progressive thinking companies like Dole that don’t just talk about reducing hydrocarbon emissions and oil dependence in their operations but take active steps to make it reality.”
About Dole Food Company
Dole Food Company, part of Dole plc, is one of the world’s largest producers and marketers of high-quality fresh fruit and fresh vegetables. Dole is an industry leader in many of the products it sells, as well as in nutrition education. For more information, please visit www.dole.com.
About The Dole Way
In April 2020, Dole Food Company announced The Dole Way, introducing its sustainability commitment and framework around People, Nature and Food. For more information, please visit www.dole.com
1 https://www.epa.gov/energy/greenhouse-gas-equivalencies-calculator
US Contact: William Goldfield
818-874-4647
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BELMONT, N.C.--(BUSINESS WIRE)--Piedmont Lithium (“Piedmont” or “Company”) (Nasdaq:PLL; ASX:PLL), a leading global developer of lithium resources critical to the U.S. electric vehicle supply chain, today announced that Sayona Quebec, owned 75% by Sayona Mining (“Sayona”) (ASX:SYA) and 25% by Piedmont, has entered into a strategic acquisition and earn-in agreement with Jourdan Resources Inc. (“Jourdan Resources” or “Jourdan”) (TSXV:JOR) for 48 claims of the Vallée Lithium Project (“Vallée”). The move will increase the land position for Sayona Quebec’s adjacent North American Lithium project (“NAL”) operation.
Under the agreement, Sayona Quebec will acquire 20 claims of Vallée outright, which will be added to NAL’s existing 19 claims on the adjacent property. Sayona Quebec can earn into a 51% equity interest in the remaining 28 claims of Vallée by making a series of staged investments, including:
In addition to the equity ownership and earn-in rights in Vallée, Sayona Quebec also acquired an approximately 9.99% ownership interest in Jourdan Resources, including a right to a seat on Jourdan’s board of directors. The agreement is subject to completion of due diligence and receipt of any necessary regulatory and exchange approvals.
Keith Phillips, President and CEO of Piedmont, said the Company is pleased that the additional claims provide an immediate expansion of the potential NAL operating area. “The claims of the Vallée Lithium Project represent the potential to extend or expand NAL operations over time. At this time, we remain focused on near-term production of spodumene concentrate as NAL advances toward the restart target of H1 2023.”
Commercial shipments of spodumene concentrate from NAL could begin as early as Q3 2023, providing Piedmont with revenue generation from the operation as well as product sales through Piedmont’s offtake agreement. The Company holds an offtake agreement for the greater of 113,000 tons per year or 50% of spodumene concentrate production at a ceiling price of US$900 per metric ton on a life-of-mine basis.
The statements in the link below were prepared by, and made by, Sayona Mining. The following disclosures are not statements of Piedmont and have not been independently verified by Piedmont. Sayona Mining is not subject to U.S. reporting requirements or obligations, and investors are cautioned not to put undue reliance on these statements. Sayona Mining’s original announcement can be found here.
About Piedmont Lithium
Piedmont Lithium (Nasdaq:PLL; ASX:PLL) is developing a world-class, multi-asset, integrated lithium business focused on enabling the transition to a net zero world and the creation of a clean energy economy in North America. Our goal is to become one of the largest lithium hydroxide producers in North America by processing spodumene concentrate produced from assets where we hold an economic interest. Our projects include our Carolina Lithium and Tennessee Lithium projects in the United States and partnerships in Quebec with Sayona Mining (ASX:SYA) and in Ghana with Atlantic Lithium (AIM:ALL; ASX:A11). These geographically diversified operations will enable us to play a pivotal role in supporting America’s move toward energy independence and the electrification of transportation and energy storage. For more information, follow us on Twitter @PiedmontLithium and visit www.piedmontlithium.com.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of or as described in securities legislation in the United States and Australia, including statements regarding exploration, development, and construction activities of Sayona Mining and Piedmont; current plans for Piedmont’s mineral and chemical processing projects; and strategy. Such forward-looking statements involve substantial and known and unknown risks, uncertainties, and other risk factors, many of which are beyond our control, and which may cause actual timing of events, results, performance or achievements and other factors to be materially different from the future timing of events, results, performance, or achievements expressed or implied by the forward-looking statements. Such risk factors include, among others: (i) that Piedmont or Sayona Mining will be unable to commercially extract mineral deposits, (ii) that Piedmont’s or Sayona Mining’s properties may not contain expected reserves, (iii) risks and hazards inherent in the mining business (including risks inherent in exploring, developing, constructing and operating mining projects, environmental hazards, industrial accidents, weather or geologically related conditions), (iv) uncertainty about Piedmont’s ability to obtain required capital to execute its business plan, (v) Piedmont’s ability to hire and retain required personnel, (vi) changes in the market prices of lithium and lithium products, (vii) changes in technology or the development of substitute products, (viii) the uncertainties inherent in exploratory, developmental and production activities, including risks relating to permitting, zoning and regulatory delays related to our projects as well as the projects of our partners in Quebec and Ghana, (ix) uncertainties inherent in the estimation of lithium resources, (x) risks related to competition, (xi) risks related to the information, data and projections related to Sayona Mining, (xii) occurrences and outcomes of claims, litigation and regulatory actions, investigations and proceedings, (xiii) risks regarding our ability to achieve profitability, enter into and deliver product under supply agreements on favorable terms, our ability to obtain sufficient financing to develop and construct our projects, our ability to comply with governmental regulations and our ability to obtain necessary permits, and (xiv) other uncertainties and risk factors set out in filings made from time to time with the U.S. Securities and Exchange Commission (“SEC”) and the Australian Securities Exchange, including Piedmont’s most recent filings with the SEC. The forward-looking statements, projections and estimates are given only as of the date of this press release and actual events, results, performance, and achievements could vary significantly from the forward-looking statements, projections and estimates presented in this press release. Readers are cautioned not to put undue reliance on forward-looking statements. Piedmont disclaims any intent or obligation to update publicly such forward-looking statements, projections, and estimates, whether as a result of new information, future events or otherwise. Additionally, Piedmont, except as required by applicable law, undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of Piedmont, its financial or operating results or its securities.
Erin Sanders
VP, Corporate Communications
+1 704 575 2549
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Christian Healy/Jeff Siegel
Media Inquiries
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NORTH BETHESDA, Md.--(BUSINESS WIRE)--$ESAB #ESAB--ESAB Corporation (NYSE: ESAB) (the “Company” or “ESAB”) announced today the pricing of the previously announced underwritten offering of 6,003,431 shares of its common stock currently owned by Enovis Corporation (“Enovis”), ESAB’s former parent company at a price of $40.00 per share (before underwriting discounts and commissions). ESAB is not selling any shares and will not receive any proceeds from the sale of the shares in the offering, nor will it receive any proceeds from the debt-for-equity exchange (as described below).
Prior to the closing of the offering, Enovis intends to exchange 6,003,431 shares of ESAB common stock for indebtedness of Enovis that will be owned by Goldman Sachs & Co. LLC or an affiliate thereof. Goldman Sachs & Co. LLC, as the selling stockholder in the offering, intends to sell these shares of ESAB common stock to the underwriters in connection with the public offering.
Goldman Sachs & Co. LLC and Evercore ISI are acting as the joint lead book-runners and representatives of the underwriters for the offering. BofA Securities and J.P. Morgan are also acting as joint lead book-runners. BMO Capital Markets, BNP PARIBAS, Citizens Capital Markets and Wells Fargo Securities are acting as joint book-runners for the offering. BTIG, HSBC, KeyBanc Capital Markets, MUFG, PNC Capital Markets LLC, Scotiabank, UBS Investment Bank and UniCredit Capital Markets are acting as co-managers for the offering. The offering is expected to close on November 18, 2022, subject to customary closing conditions.
The Company has filed a shelf registration statement (including a prospectus) on Form S-1 with the U.S. Securities and Exchange Commission (the “SEC”) for the offering to which this communication relates. The registration statement was declared effective on November 15, 2022. Before you invest, you should read the base prospectus in that registration statement, the accompanying prospectus supplement 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 may be obtained from Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, NY 10282, telephone: 1-866-471-2526, or by emailing This email address is being protected from spambots. You need JavaScript enabled to view it.; and Evercore Group L.L.C., Attention: Equity Capital Markets, 55 East 52nd Street, 35th Floor, New York, NY 10055, by telephone at (888) 474-0200 or by e-mail at This email address is being protected from spambots. You need JavaScript enabled to view it..
This press release shall not constitute an offer to sell or the solicitation of 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 ESAB Corporation
ESAB Corporation (NYSE: ESAB) is a world leader in fabrication and specialty gas control technology, providing our partners with advanced equipment, consumables, specialty gas control, robotics, and digital solutions which enable the everyday and extraordinary work that shapes our world.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements may be identified by the use of words such as “anticipate”, “believe”, “expect”, “estimate”, “plan”, “outlook”, and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Such forward-looking statements include, but are not limited to, statements concerning, the Company’s ability to consummate the public offering, the Company’s plans, goals, objectives, outlook, expectations, and intentions, and other statements that are not historical or current fact. Forward-looking statements are based on the Company’s current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements, including general risks and uncertainties such as market conditions, economic conditions, geopolitical events, changes in laws, regulations or accounting rules, fluctuations in interest rates, terrorism, wars or conflicts, major health concerns, natural disasters or other disruptions of expected business conditions. Factors that could cause the Company’s results to differ materially from current expectations include, but are not limited to, risks related to the war in Ukraine and escalating geopolitical tensions as a result of Russia’s invasion of Ukraine and the related impact on energy supplies and prices; macroeconomic conditions; supply chain disruptions; the impact of the COVID-19 global pandemic, including the rise, prevalence and severity of variants of the virus, actions by governments, businesses and individuals in response to the situation, such as the scope and duration of the outbreak, the nature and effectiveness of government actions and restrictive measures implemented in response; the impact on creditworthiness and financial viability of customers; the Company’s ability to realize the anticipated benefits of its separation from Enovis Corporation, and the financial and operating performance of the Company following the separation; other impacts on the Company’s business and ability to execute business continuity plans; and the other factors detailed in the Company’s Registration Statement on Form S-1 filed on November 14, 2022, as well as other risks discussed in the Company’s filings with the U.S. Securities and Exchange Commission.
Investor Relations:
Mark Barbalato
Vice President, Investor Relations
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Phone: 1-301-323-9098
Media:
Tilea Coleman
Vice President, Corporate Communications
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Phone: 1-301-323-9092
DUBLIN--(BUSINESS WIRE)--The "Canada Wind Power Market Size and Trends by Installed Capacity, Generation and Technology, Regulations, Power Plants, Key Players and Forecast, 2022-2035" report has been added to ResearchAndMarkets.com's offering.
'Canada Wind Power Market report offers comprehensive information and understanding of the wind power market in Canada
The report discusses the renewable power market in the country and provides forecasts up to 2035. The report highlights installed capacity and power generation trends from 2010 to 2035 in the country's wind power market. A detailed coverage of renewable energy policy framework governing the market is provided in the report.
The report also provides company snapshots of some of the major market participants.
Scope
Reasons to Buy
Key Topics Covered:
1. Introduction
1.1 Carbon Dioxide Emissions, Global, 2001-2021
1.2 Primary Energy Consumption, Global, 2001-2021
1.3 Report Guidance
2. Renewable Power Market, Canada
2.1 Renewable Power Market, Canada, Installed Capacity, 2010-2035
2.2 Renewable Power Market, Canada, Power Generation, 2010-2035
3. Wind Power Market, Canada
3.1 Wind Power Market, Canada, Installed Capacity, 2010-2035
3.2 Wind Power Market, Canada, Power Generation, 2010-2035
3.3 Wind Power Market, Canada, Market Size, 2010-2030
3.4 Wind Power Market, Canada, Power Plants
3.5 Wind Power Market, Canada, Turbine Market, 2012-2026
3.6 Wind Power Market, Canada, Deal Analysis, 2021
4. Renewable Energy Policy Framework, Canada
4.1 Renewable Energy Market, Canada, Overview
4.2 Federal Programs, Canada
4.3 Renewable Energy Policy Framework, Alberta
4.4 Renewable Energy Policy Framework, British Columbia
4.5 Renewable Energy Policy Framework, Manitoba
4.6 Renewable Energy Policy Framework, New Brunswick (NB)
4.7 Renewable Energy Policy Framework, Newfoundland and Labrador
4.8 Renewable Energy Policy Framework, Northwest Territories (NWT)
4.9 Renewable Energy Policy Framework, Nova Scotia
4.10 Renewable Energy Policy Framework, Ontario
4.11 Renewable Energy Policy Framework, Prince Edward Island (PEI)
4.12 Renewable Energy Policy Framework, Quebec
4.13 Renewable Energy Policy Framework, Saskatchewan
5. Wind Power Market, Canada, Company Profiles
5.1 TransAlta Corp
5.2 Saskatchewan Power Corp
5.3 Hydro-Quebec
5.4 AltaGas Ltd
5.5 Algonquin Power & Utilities Corp
6. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/g1oreb
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Trellix Advanced Research Center Details Latest Cyberthreats
SAN JOSE, Calif.--(BUSINESS WIRE)--Trellix, the cybersecurity company delivering the future of extended detection and response (XDR), today released The Threat Report: Fall 2022 from its Advanced Research Center, home to the world’s most elite security researchers and intelligence experts. The latest report analyzes cybersecurity trends from the third quarter of 2022.
The report includes evidence of malicious activity linked to ransomware and nation-state backed advanced persistent threat (APT) actors. It examines malicious cyberactivity including threats to email, the malicious use of legitimate third-party security tools, and more. Key findings:
“So far in 2022, we have seen unremitting activity out of Russia and other state-sponsored groups,” said John Fokker, Head of Threat Intelligence, Trellix. “This activity is compounded by a rise in politically motivated hacktivism and sustained ransomware attacks on healthcare and education. The need for increased inspection of cyberthreat actors and their methods has never been greater.”
The Threat Report: Fall 2022 leverages proprietary data from Trellix’s sensor network, investigations into nation-state and ransomware activity by the Trellix Advanced Research Center, and open-source intelligence. Telemetry related to detection of threats is used for this report. A detection is when a file, URL, IP-address, suspicious email, network behavior, or other indicator is detected and reported via the Trellix XDR platform.
Additional Resources
About Trellix Advanced Research Center
Trellix Advanced Research Center brings together an elite team of security professionals and researchers to produce insightful and actionable real-time intelligence to propel customer outcomes and the industry at large. Driven by the industry’s most comprehensive charter, our skilled researchers detect trends ahead of the market to empower our customers and partners to solve for emerging threats. More at https://www.trellix.com/en-us/advanced-research-center.html.
Sarah Erman
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DALLAS--(BUSINESS WIRE)--AECOM (NYSE: ACM), the world’s trusted infrastructure consulting firm, announced today that it has been selected to provide program management for San Diego Gas & Electric’s (SDG&E) Strategic Undergrounding Program that aims to reduce wildfire risk and improve electric safety and reliability during extreme weather conditions by burying power lines in key locations. In this role, AECOM will provide project management services in support of SDG&E’s wildfire mitigation and public safety power shutoff risk reduction efforts.
“We are pleased to help SDG&E achieve its goals of increasing public safety and grid resiliency, particularly as it relates to reducing the number and impact of public safety power shutoffs for customers,” said Drew Jeter, chief executive of AECOM’s global Program Management business. “We understand the essential need for investments in technology and energy infrastructure to mitigate impacts of climate change and the threat of wildfires, which is now year-round. SDG&E is already an industry leader in wildfire resiliency and we’re proud to be a part of providing innovative solutions, grounded in technical acumen and scientific principles, to support this essential work for the community.”
AECOM will be accelerating the pace and scope of the undergrounding program, helping to minimize community disruption and improve efficiencies by implementing sustainable solutions and innovative approaches to pre-construction and construction activities, leveraging our global experience with energy companies.
“We are honored to play a part in expanding the Strategic Undergrounding Program’s ability to convert hundreds of miles of overhead electric lines over the next decade and to assist SDG&E with its long-term goals and program management challenges,” said Frank Sweet, chief executive of AECOM’s global Environment business. “We look forward to seeing the continued profound impact this program will have in bettering the community and environment in San Diego for generations to come.”
About AECOM
AECOM is the world’s trusted infrastructure consulting firm, delivering professional services throughout the project lifecycle – from advisory, planning, design and engineering to program and construction management. On projects spanning transportation, buildings, water, new energy and the environment, our public- and private-sector clients trust us to solve their most complex challenges. Our teams are driven by a common purpose to deliver a better world through our unrivaled technical and digital expertise, a culture of equity, diversity and inclusion, and a commitment to environmental, social and governance priorities. AECOM is a Fortune 500 firm and its Professional Services business had revenue of $13.1 billion in fiscal year 2022. See how we are delivering sustainable legacies for generations to come at aecom.com and @AECOM.
Forward-Looking Statements
All statements in this communication other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including any statements of the plans, strategies and objectives for future operations, profitability, strategic value creation, coronavirus impacts, risk profile and investment strategies, and any statements regarding future economic conditions or performance, and the expected financial and operational results of AECOM. Although we believe that the expectations reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include, but are not limited to, the following: our business is cyclical and vulnerable to economic downturns and client spending reductions; impacts caused by the COVID-19 coronavirus pandemic, economic instability and market volatility, including the reaction of governments such as any prolonged period of travel, commercial or other similar restrictions, the delay in commencement, or temporary or permanent halting of construction, infrastructure or other projects, requirements that we remove our employees or personnel from the field for their protection, and delays or reductions in planned initiatives by our governmental or commercial clients or potential clients; losses under fixed-price contracts; limited control over operations run through our joint venture entities; liability for misconduct by our employees or consultants; failure to comply with laws or regulations applicable to our business; maintaining adequate surety and financial capacity; potential high leverage and inability to service our debt and guarantees; ability to continue payment of dividends; exposure to political and economic risks in different countries, including tariffs; currency exchange rate and interest fluctuations; retaining and recruiting key technical and management personnel; legal claims; inadequate insurance coverage; environmental law compliance and adequate nuclear indemnification; unexpected adjustments and cancellations related to our backlog; partners and third parties who may fail to satisfy their legal obligations; AECOM Capital real estate development projects; managing pension cost; cybersecurity issues, IT outages and data privacy; risks associated with the expected benefits and costs of the sale of our Management Services and self-perform at-risk civil infrastructure, power construction and oil and gas construction businesses, including the risk that any contingent purchase price adjustments from those transactions could be unfavorable and result in lower aggregate cash proceeds and any future proceeds owed to us under those transactions could be lower than we expect; as well as other additional risks and factors that could cause actual results to differ materially from our forward-looking statements set forth in our reports filed with the Securities and Exchange Commission. Any forward-looking statements are made as of the date hereof. We do not intend, and undertake no obligation, to update any forward-looking statement.
Media:
Brendan Ranson-Walsh
Senior Vice President, Global Communications
1.213.996.2367
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Investor:
Will Gabrielski
Senior Vice President, Finance, Treasurer
1.213.593.8208
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Global study of 200 cities and 2,000 citizens shows how urban leaders are adjusting their priorities and adapting to changing citizen expectations.
NEW YORK--(BUSINESS WIRE)--#buildingafuturereadycity--Social, economic, and environmental disruptions, heightened by the COVID-19 pandemic, are radically altering the expectations and behaviors of citizens, requiring urban leaders around the world to develop action plans to become future-ready.
ThoughtLab, a leading global research firm, and Hatch, a global engineering, project management, and professional services firm, have joined forces with a broad coalition of business, government, and academic experts to provide city leaders with a blueprint for future success. Titled Building a Future-Ready City, the newly released study findings show what it means to be future-ready, and what cities need to do to get there. The study was sponsored by Axis Communications, Cognizant, Dassault Systèmes, Dell, Deloitte, GM, Intel, JLL Technologies, Kearney, NTT, and Visa.
To analyze how cities are future-proofing their urban environments, ThoughtLab, together with Hatch Urban Solutions, conducted a worldwide benchmarking study of 200 cities—representing 5% of the world population. ThoughtLab and Hatch also surveyed 2,000 citizens in 20 worldwide cities to assess the alignment between city strategies and citizen expectations. To gain qualitative insights, ThoughtLab interviewed city leaders about their plans and held meetings with a global cadre of urban experts.
“Cities are facing greater upheaval today than at any time since we began conducting urban research. Our goal is to provide cities with an evidence-based roadmap to address rapidly changing citizen expectations and behaviors, along with in-depth benchmarking analysis to enable them to measure where they are in future-readiness against others,” said Lou Celi, the CEO of ThoughtLab and the director of the research program.
What a future-ready city looks like
The most successful metro areas, according to the study, will be those that have clear long-term visions and plans for transforming themselves into future-ready cities with the ability to meet dramatic shifts in citizen behaviors and urban solutions.
To assess the future-readiness of cities, the study investigated each city’s progress across digital infrastructure, transportation, living and health, and other critical urban domains, as well as the level of transformation each city believed it required to meet future urban demands. In addition to self-reported data from cities, ThoughtLab and Hatch economists included data from trusted secondary sources to develop a pioneering future-ready index.
The study examined many pivotal areas of future-readiness. The top areas where future-ready cities reporting having made the most progress include (1) driving digital transformation (77% of future-ready cities); (2) building resilience and agility (75%); (3) using technology and data to improve decision-making (75%); (4) adapting to citizen needs around health and safety (73%); (5) building trust and transparency (73%); (6) empowering communities and citizens (70%); and (7) building global economic, political and trade connections (68%).
Of the 200 cities participating in the study, ThoughtLab categorized 44 cities as future-ready; 88 as progressing toward future-readiness; and 68 in an earlier stage of development. The 10 most future-ready cities ranked in order are Tokyo, Hangzhou, Helsinki, Tallin, Taipei, Durham, Aberdeen, Sapporo, Boulder, and Madrid.
The five most future-ready cities ranked in order by region are:
The research shows general alignment between city leaders and citizens, but also some major gaps in views. Both groups see climate change as the greatest challenge facing cities and agree on the need for major urban transformation. They concur that affordable housing, homelessness, and public health should be high on urban agendas. But citizens see inadequate infrastructure, income inequality, and, particularly, low trust in government as bigger problems than cities do. And while 78% of cities believe they are well prepared to overcome these challenges in the future, only 39% of citizens agree with that belief.
How cities will seize their futures
The study identified the main mechanisms that cities are using to implement their future-ready city strategies and achieve better results:
But for many cities, becoming future-ready is easier said than done. Cities face resource challenges around unclear returns on investment, shortage of skills, and budget constraints; technology headaches around finding the right suppliers and the pace of technology change; and political pain points around governance complexity and administration transition.
Future investment plans
Despite the hurdles, the study shows that cities are ramping up their technology investments across all key urban domains. Cities intend to spend US$422 million on average cumulatively over the next five years, or about US$570 per citizen. Future-ready cities plan to outspend others across the following domains:
It is notable that although climate change is the top challenge cited most often by cities and citizens, cities plan to allocate less investment to the environment than to some other domains. This partly reflects a holistic approach to sustainability, which is built into the plans of various other domains. The environment, nonetheless, represents a huge opportunity for cities to invest in innovation locally to create jobs and build more sustainable, future-ready communities.
About ThoughtLab Group
ThoughtLab Group is an innovative thought leadership firm that creates fresh ideas through rigorous research and economic analysis. We specialize in assessing the economic, financial, and social impact of latest technology on cities, companies, industries, and world markets. Our services include fielding business, consumer, investor, and government surveys; organizing executive interviews, meetings, and advisory groups; conducting economic modeling, AI sentiment monitoring, benchmarking, and performance analysis; and developing white papers, eBooks, infographics, and customer-facing analytical tools.
About Hatch
Whatever our clients envision, our teams can design and build. With over six decades of business and technical experience in the mining, energy, and infrastructure sectors, we know your business and understand that your challenges are changing rapidly. We respond quickly with solutions that are smarter, more efficient, and innovative. We draw upon our 9,000 staff with experience in over 150 countries to challenge the status quo and create positive change for our clients, our employees, and the communities we serve. Find out more on www.hatch.com.
Research sponsors
Kevin Taylor, Segment Development Manager, Cities, Axis Communications; Andrea Sorri, Segment Development Manager, Smart Cities, Axis Communications; Angie Merrill, Senior Industry Marketing Manager, Axis Communications; Andreas Göransson, Global Enterprise Segment Marketing Manager, Axis Communications; Euan Davis, Associate Vice President, Cognizant Research; Eduardo Plastino, Director, Cognizant Research; Karen McCall, Director, Marketing, Cognizant; Maveric Galmiche, Market Analyst Cities & Public Services, Dassault Systèmes; Jacques Beltran, Vice President Cities & Public Services, Dassault Systèmes; Marion Milosevic, Solutions Strategy Director Cities/Public Services, Dassault Systèmes; Mahel Abaab-Fournial, Sales Strategy Director Cities/Public Services, Dassault Systèmes; Praveen Vyakaranam, Director, Strategy Lead, Digital Cities, Dell; Anuja Bajpai, Consultant, Marketing lead, Digital Cities, Dell; Bill Pfeifer, Director, Product Marketing, Edge, Dell; William Eggers, Executive Director, Deloitte Center for Government Insights; Mahesh Kelkar, Executive Manager, Deloitte; David Noone, Senior Manager, Deloitte; Rajit Dey, Center Marketer, Deloitte; Suzette Malek, Global Research Manager, GM; Chandra Sekhar Talluri, Product Manager, Smart City Incubation, GM; Heather Hardman, Product Marketing Lead, GM; Max Vega, Director, Business Strategy and Marketing, Intel; Sajid Khan, GM, Business Strategy and Marketing, Intel; Sameer Sharma, Global GM (Smart Cities & Transportation) for Networking & Edge Solutions; Susan O’Connor, Director, Services and Solutions Product Marketing, JLL Technologies; Abdo Al Habr, Partner, Kearney; Antoine Nasr, Global Head of Government Practice, Kearney; Rudolph Lohmeyer, Partner, Head of National Transformations Institute, Kearney; Swetha Menon, Senior Marketing Specialist, Kearney; Daria Shevchenko, Marketing Manager, Kearney; Bill Baver, Vice President Smart Solutions, NTT; Bennett Indart, Vice President Smart Solutions, NTT; Vito Mabrucco, Head of Global Marketing, NTT; Theodore Waddelow, Head of Sustainability & Mobility Policy, Visa; Stephen Cooles, Global Head of Partner Development, Visa.
City leaders (advisors)
Miquel Rodriguez Planas, Commissioner for 2030 Agenda, Barcelona City Council; Jamie Cudden, Smart City Program Manager, Dublin City Council; Dr. Peter Pirnejad, City Manager, Los Altos Hills, CA; Clay Pearson, City Manager, Pearland, TX; Emily Yates, Chief Innovation Officer, Southeastern Pennsylvania Transportation Authority; Gianluca Galletto, former Managing Director, Technology and Innovation Partnerships, Office of the Chair, New York Housing Authority; Oyvind Tanum, Head of Smart City, Trondheim, Norway; Borg Tsien Tham, Deputy Permanent Representative to ASEAN, Singapore Ministry of Foreign Affairs; Aram Chaparyan, City Manager, Torrance, CA; Mike Grigsby, former Director of Innovation and Technology, Sioux Falls, SD; Bayan Konirbayev, Chief Digital Officer, Almaty City, Kazakhstan; Peter Nöu, IT Strategist, Smart City Infrastructure & Innovation, Uppsala, Sweden; Sharmila Muhkerjee, Executive Vice President, Planning and Development, Capital Metropolitan Transportation Authority, Austin; Benjamin Branham, Chief Communications Officer, Port Authority of New York & New Jersey; In Dong Cho, Metropolitan Government Former First Vice Mayor, Seoul, South Korea; Bill Cashmore, Deputy Mayor, Auckland City Council; Edson Gómez, Chief Information Officer, Office of the Mayor of Bucaramanga, Colombia; Bob Leek, Deputy Chief Information Officer, Clark County, NV; Gia Biagi, Commissioner, Chicago Department of Transportation; Nicole Raimundo, Chief Information Officer, Cary, NC; Jennifer Sanders, Executive Director, Dallas Innovation Alliance; Julia Thompson, Smart Cities, Data and Planning, Consultant, London, UK.
Academic advisors
Karen Lightman, Executive Director, Metro21: Smart Cities Institute, Carnegie Mellon University; Joan E. Ricart, Professor, IESE Business School; Eugenie Birch, Professor, The Penn Institute for Urban Research; Kyung-Hwan Kim, Professor of Economics, Sogang University, Seoul, South Korea; Frank V. Zerunyan, Professor, Sol Price School of Public Policy, University of Southern California; Henry Liu, Professor, University of Michigan, Ann Arbor; Jian Liu, Professor of Urban Planning and Design, School of Architecture, Tsinghua University, Beijing, China; Yu Qi, Associate Professor of Environmental Science and Engineering, Nankai University, Tianjin, China; John Rome, Deputy CIO for Partnerships, Cloud Innovation Center, Arizona State University; Ryan Hendrix, General Manager, Cloud Innovation Center, Arizona State University; Diana Bowman, Co-Director, Center for Smart Cities and Regions, School for the Future of Innovation in Society, Arizona State University; Maosheng Lai, Professor, School of Information Management, Peking University, Beijing, China; Dr. Sanjay Modak, Assistant Professor, Chair, Graduate Programs and Research Department, Rochester Institute of Technology–Dubai.
Media and association partners
Chris Cooke, Founder and CEO, Smart Cities World; Philip Bane, Managing Director, Smart Cities Council; Kari Aina Eik, Executive Director, United Cities; Yi Wang, Head of Global Development Program, ANBOUND; Ulrich Ahle, Chief Executive Officer, Fiware; Chungha Cha, Co-founder and Chief Technical Officer, Reimagining Cities LLC; Nicolas Buchoud, Founding Principal, Renaissance Urbaine; Sameh Naguib Whaba, Director, Urban, Disaster Risk Management, Resilience and Land Global Practice, World Bank; Kris Moon, Urban Development Specialist, Asian Development Bank; Alice Charles, Lead, Cities, Infrastructure & Urban Services, World Economic Forum; Jeff Merritt, Head of Urban Transformation, World Economic Forum; Jim Haskins, Director of Community Engagement, Open Sustainability Collaborative; Michelle James, Vice President, Strategic Industry Programs, CTIA; Dr. Chen Yu Lee, Consultant, Taipei Computer Association; Anita Chen, Deputy Secretary General, GO SMART; Fengyu Li, Professor of Urban Design and Innovation, Central Academy of Fine Arts, Beijing, China; President, SPD Planning & Design Corporation, Beijing; Pablo Marmissole Daguerre, Chief of Staff, United Cities and Local Governments; Tony Silva, General Manager, Public Sector, Edelman; Jayant Kohale, Business Advisor, Consultant, Mumbai, India.
For more information:
Lou Celi, Chief Executive Officer
ThoughtLab Group
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Gina Egan, Marketing Director
ThoughtLab Group
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Visit: https://thoughtlabgroup.com/building-a-future-ready-city/
LITTLE ROCK, Ark.--(BUSINESS WIRE)--Montrose Environmental Group, Inc. (the “Company,” “Montrose” or “MEG”) (NYSE: MEG) today announced that the Company will present at the J.P. Morgan 2022 Ultimate Services Investor Conference in New York, NY on Thursday, November 17, 2022 at 4:15 p.m. Eastern Time (1:15 p.m. Pacific Time). Prior to Montrose’s attendance at this conference, the Company will post a copy of the presentation it intends to use in the Investors section of its website.
A live audio webcast will be available at the time of the event and may be accessed through the Investors section of the Company’s website at https://investors.montrose-env.com. A replay of the audio webcast will be available after the event.
About Montrose
Montrose is a leading environmental solutions company focused on supporting commercial and government organizations as they deal with the challenges of today, and prepare for what’s coming tomorrow. With 2,500+ employees across more than 80 locations around the world, Montrose combines deep local knowledge with an integrated approach to design, engineering, and operations, enabling the Company to respond effectively and efficiently to the unique requirements of each project. From comprehensive air measurement and laboratory services to regulatory compliance, emergency response, permitting, engineering, and remediation, Montrose delivers innovative and practical solutions that keep its clients on top of their immediate needs – and well ahead of the strategic curve. For more information, visit www.montrose-env.com.
Investor Relations:
Rodny Nacier
(949) 988-3383
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Media Relations:
Doug Donsky
(646) 361-1427
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NEW YORK--(BUSINESS WIRE)--OUPES, the clean generator expert providing people with innovative and eco-friendly power solutions, recently reorganized its product portfolio with two series, named Alpha and Mega. The OUPES Alpha series offers solar generators for outdoor trips and adventures, including existing products of OUPES 600W, OUPES 1200W, OUPES 1800W, and OUPES 2400W. The OUPES Mega series will include new products with greater power and capacity for home use and commercial use.
The New OUPES Brand Identity
With clearer product portfolio planning, OUPES officially launched a new brand identity. It includes:
Creative switch for the letter “O”: Combine the original "lightning" with a low sense of existence with the letter "O", which symbolizes the power switch and start your convenient and intelligent environmental-protection life with one click. The lightning symbol on the top of the “O”, represents the clean power coming from the sun.
Simplified graphic structure: The overall outline of the new logo has removed the "stars". Because "stars" are only decorative and do not have special connotations. And re-designed gap between letters makes the letter more readable.
Optimized incision shape: A unified rounded corner improvement was carried out for the low-recognition letters of the original logo, so that the overall arc of the new graphics was more rhythmic, and increased affinity while ensuring rigor, more readable, and recognizable.
The new OUPES logo has been being in use on its official website. This logo will also be applied to the new Mega series with its first product coming in early 2023.
The Reveal of the Next New OUPES Product for Home Backup Power
The OUPES Mega series is built for home backup, power outages and commercial use for people like street vendors. The features of expandable capacity, multi-charging ports, huge solar input, and more will help you stay powered. It will provide faster charging speed compared with that of the Alpha series, and it will come with a free OUPES app to let you manage your product on your phone.
The first product of the Mega series will meet you in early 2023, so let's look forward to it.
BTW, benefits provided by OUPES you shouldn’t miss currently is the Black Friday Sales in 2022 during 15th to 30th in November.
OUPES
Cheney Green
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www.oupes.com
DUBLIN--(BUSINESS WIRE)--The "Biogas Plant Market: Global Market Size, Forecast, Insights, and Competitive Landscape" report has been added to ResearchAndMarkets.com's offering.
The global biogas plant market is expected to grow at a CAGR of around 9.5% during 2022-2028. This report on global biogas plant market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape.
The report presents a clear picture of the global biogas plant market by segmenting the market based on plant type, feedstock, digestor type, application, source, and region. Also, detailed profiles of companies operating in the biogas plant market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.
Market Drivers
Market Challenges
Historical & Forecast Period
Market by Plant Type
Market by Feedstock
Market by Digestor Type
Market by Application
Market by Source
Market by Region
Key Topics Covered:
1. Preface
2. Key Insights
3. Global Biogas Plant Market
4. Global Biogas Plant Market Analysis
5. Global Biogas Plant Market by Plant Type
6. Global Biogas Plant Market by Feedstock
7. Global Biogas Plant Market by Digestor Type
8. Global Biogas Plant Market by Application
9. Global Biogas Plant Market by Source
10. Global Biogas Plant Market by Region
11. SWOT Analysis
12. Porter's Five Forces
13. Market Value Chain Analysis
14. Competitive Landscape
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/f0issl
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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ProjectWise Leads Advancement to Data-centric Digital Delivery and Digital Twin Opportunities
LONDON--(BUSINESS WIRE)--At the 2022 Year in Infrastructure Conference, Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced Bentley Infrastructure Cloud, its combination of enterprise systems that span the end-to-end lifecycle and value chain of the world’s infrastructure. Powered by the iTwin Platform and Bentley’s infrastructure schemas and thus seamlessly integrating with Bentley’s engineering applications, Bentley Infrastructure Cloud will enable better creation, delivery, and ongoing operation of better infrastructure, through complete and evergreen digital twins.
Bentley Infrastructure Cloud encompasses ProjectWise, for project delivery; SYNCHRO, for construction; and AssetWise, for asset operations. These enterprise systems now leverage digital twin technologies, powered by iTwin, to open up data contained in engineering files through automated and intrinsic mapping to Bentley’s infrastructure schemas. By advancing these enterprise systems to become fundamentally data-centric without disrupting file-based workflows, Bentley Infrastructure Cloud provides user organizations with significant opportunities to improve collaboration, productivity, and quality.
Bentley’s infrastructure schemas are both open and extensible, and now link to reality modeling and IoT devices, and incorporate carbon calculation and subsurface data. The rich data representation of Bentley’s infrastructure schemas serves well the export of Industry Foundation Classes. The ability to share data seamlessly and to enrich it throughout the lifecycle helps engineering firms and owner-operators create and derive more value from their engineering data.
The potential for a unifying, cloud-based solution across the lifecycle of infrastructure engineering arises from the institutionalized limitations of fragmented information flows that have impeded connections, feedback, analytics, reuse, and knowledge transfer. Bentley Infrastructure Cloud comprises a data-centric, always on, always current, always accessible federated environment that persists and relates engineering data throughout the span of design, construction, and operations. Information mobility and semantic continuity across traditional boundaries through Bentley Infrastructure Cloud will help accelerate, among other advancements, modular design and design for constructability, and performance-based design.
Bentley’s Senior Vice President of Enterprise Systems Ken Adamson said, “Bentley Infrastructure Cloud stands for our commitment to connect everyone and everything in the infrastructure engineering value chain and extended project ecosystems. Infrastructure professionals deserve an evergreen digital twin environment for data that they can trust and act upon. I believe Bentley Systems is uniquely positioned to fulfill this requirement by virtue of the combined comprehensiveness of our ProjectWise, SYNCHRO, and AssetWise enterprise systems, our software’s intrinsic engineering fidelity, and our commitment to openness – including our unique resolve to semantically integrate the full range of relevant engineering file formats. The iTwin Platform, in becoming the robust foundation for unifying all of our software development, has been proven equal to this challenge.”
ProjectWise, Powered by iTwin
Bentley Systems also unveiled major enhancements to ProjectWise to extend its scope from work-in-progress engineering to full digital delivery. By supplementing each project’s sequential file-based workflows with data-centric information mobility and analytics across all projects:
Powered by iTwin:
ProjectWise leverages iTwin Capture to integrate reality modeling data, increasingly the norm, to capture and monitor the digital context of designs, geospatially coordinated with engineering data;
ProjectWise leverages Bentley’s infrastructure schemas to semantically align design-file data across multiple disciplines for comprehensive design reviews, and across all projects to understand dependencies, and to reuse datasets, including for machine-learning to develop proprietary analytics;
ProjectWise will leverage iTwin Experience to offer immersive visibility into project digital twins, assuring quality and improving performance;
ProjectWise 4D Design Review, powered by iTwin, enables users to securely share large, complex models with their entire project ecosystem, regardless of authoring applications. Reviewers can perform virtual walk-throughs, query model information, and analyze embedded property data using a simple web browser. A streamlined interface makes interdisciplinary review of 2D and 3D models easier and more accessible, and enables reviewers to see who changed what and when, through 4D visualization;
Advanced Design Validation, powered by iTwin, includes 3D digital workflows, integration with Bentley’s OpenRoads and third-party applications, and AI/ML enhanced visualization, enabling simulation of the driver experience to validate designs and assure requirements are met;
ProjectWise Components Center, a cloud-based digital component management and library service with direct integration to engineering applications, drives standardization, automation, and reuse of design objects to deliver projects faster and more reliably. Engineering firms can now leverage data from one design to another, capture lessons learned, create reusable components, and truly industrialize their project delivery expertise; and
Digital Delivery capabilities leverage digital workflows to automate and manage the creation, exchange, and review of contractual deliverables including PDFs and Industry Foundation Classes, as well as digital twins. ProjectWise users can avoid wasting time manually assembling and sending packages, reduce risk by gaining visibility and traceability in deliverables workflows, and by automatically maintaining a comprehensive audit trail.
Powered by iTwin within Bentley Infrastructure Cloud, ProjectWise for digital delivery enhances engineering firms’ opportunities while minimizing their risks, improving project performance and quality assurance. Infrastructure digital twins created in the design phase can be valuable to owner-operators as incremental project deliverables, including engineering firms’ recurring services as “digital integrators” for data quality and security, proprietary analytics, and monitoring.
Lori Hufford, vice president, engineering collaboration for Bentley Systems, commented: “Engineering firms today face unprecedented challenges to deliver more and better projects despite scarcer talent, a retiring workforce, and loss of institutional knowledge. By leveraging the iTwin Platform, we are now able to advance ProjectWise beyond engineering work-in-progress for one project at a time, to be used across all projects to maximize insights, learnings, and reuse, and for machine learning. ProjectWise users already have a wealth of project experience incorporated in their ProjectWise archives. Now as part of Bentley Infrastructure Cloud, ProjectWise can drive a necessary step-change in the efficiency, effectiveness, and transformation of engineering firms.”
AssetWise, Asset Health Monitoring Solutions, Powered by iTwin
Finally, Bentley also announced the availability of new asset-specific solutions, powered by iTwin, that leverage iTwin Experience, iTwin Capture, and iTwin IoT to deliver real-time asset health monitoring.
AssetWise Bridge Monitoring solution transforms traditional bridge inspections into a modern, digital workflow. By flying drones and using iTwin Capture to create a 3D digital twin of the bridge, inspections can be conducted virtually, avoiding costly and hazardous field trips, while tapping into expertise remotely and leveraging AI/ML to automatically identify and classify defects. Information is made available to stakeholders across the workflow via iTwin Experience. Inspection data required to correct issues can be seamlessly handed over to maintenance, design, and construction to create substantial savings.
AssetWise Dam Monitoring solution is purpose-built for engineering firms to offer digital services to dam operators who are modernizing their dam safety programs to reduce risk and address growing regulatory requirements. The upcoming solution will provide unified access to sensor data and will be able to be deployed without the need for specialized technicians. Users can incorporate sensor data in any digital twin for a contextual view of real-time data and associated metrics.
Cory Baldwin, vice president, infrastructure IoT for Bentley Systems, said, “We want to enable engineering firms to become digital integrators for the infrastructure digital twins they create in the project delivery phase, and to curate performance digital twins for owner-operators. To accelerate these opportunities, engineering firms can now start quickly with iTwin Capture, iTwin Experience, iTwin IoT, and our AssetWise monitoring cloud solutions, ready to add their own branded proprietary and asset-specific analytics and service programs.”
AssetWise Bridge Monitoring and Dam Monitoring solutions are in early access.
Bentley Infrastructure Cloud Availability
Bentley’s Chief Product Officer Michael Campbell concluded, “We are working closely with engineering firms and asset owners and clearly understand that they want innovation without disruption. With Bentley Infrastructure Cloud, users of ProjectWise, SYNCHRO, and AssetWise accelerate their generational advancement to digital twins, but don’t jeopardize their existing workflows for engineering collaboration, construction, and asset performance management. Best of all, their existing project and asset files are the springboard to their data-centric future.”
Bentley Infrastructure Cloud, comprising ProjectWise, SYNCHRO, and AssetWise enterprise systems, is available now. For more information, visit www.bentley.com.
ProjectWise, powered by iTwin, enables multidiscipline web-based design reviews for all your design projects. Image courtesy of Bentley Systems.
ProjectWise, powered by iTwin, supports full digital delivery including independent roadway corridor super elevation analysis, improving vehicle safety on the resulting roadway. Image courtesy of Bentley Systems.
ProjectWise, powered by iTwin, supports full digital delivery, including simulating vehicle drive paths to ensure proper sight lines. Image courtesy of Bentley Systems.
ProjectWise Components Center makes it easy to create component catalogs for your designs. Image courtesy of Bentley Systems.
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About Bentley Systems
Bentley Systems (Nasdaq: BSY) is the infrastructure engineering software company. We provide innovative software to advance the world’s infrastructure – sustaining both the global economy and environment. Our industry-leading software solutions are used by professionals, and organizations of every size, for the design, construction, and operations of roads and bridges, rail and transit, water and wastewater, public works and utilities, buildings and campuses, mining, and industrial facilities. Our offerings include MicroStation-based applications for modeling and simulation, ProjectWise for project delivery, AssetWise for asset and network performance, Seequent’s leading geoprofessional software portfolio, and the iTwin platform for infrastructure digital twins. Bentley Systems employs more than 4,500 colleagues and generates annual revenues of approximately $1 billion in 186 countries.
© 2022 Bentley Systems, Incorporated. Bentley, the Bentley logo, Bentley Infrastructure Cloud, AssetWise, iTwin, iTwin Capture, iTwin Experience, iTwin IoT, MicroStation, OpenRoads, ProjectWise, ProjectWise Components Center, Seequent, and SYNCHRO are either registered or unregistered trademarks or service marks of Bentley Systems, Incorporated or one of its direct or indirect wholly owned subsidiaries. All other brands and product names are trademarks of their respective owners.
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HOUSTON--(BUSINESS WIRE)--Enterprise Products Partners L.P. (NYSE: EPD) announced today that it will host investor one-on-one meetings at the RBC Capital Markets Midstream and Energy Infrastructure Conference on Wednesday, November 16 and Thursday, November 17, 2022 in Dallas, Texas. The latest investor deck of slides, which may be used to facilitate investor meetings, is accessible on the Enterprise website.
Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Services include: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage and marine terminals; crude oil gathering, transportation, storage and marine terminals; petrochemical and refined products transportation, storage, and marine terminals and related services; and a marine transportation business that operates on key United States inland and intracoastal waterway systems. The partnership’s assets include more than 50,000 miles of pipelines; over 260 million barrels of storage capacity for NGLs, crude oil, refined products and petrochemicals; and 14 Bcf of natural gas storage capacity.
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TORONTO--(BUSINESS WIRE)--$DMJ #carbonemissions--dynaCERT Inc. (TSX: DYA) (OTCQX: DYFSF) (FRA: DMJ) ("dynaCERT" or the "Company") is pleased to announce that its dealer H2 Tek LP (“H2 Tek”) has provided the following update of sales of dynaCERT’s proprietary HydraGEN™ Technology to the global mining industry:
Over the past two years, dynaCERT has received input from its dealers and customers and the larger HydraGEN™ Technology Units, the HG4C and HG6C, have been significantly modified and improved. The HG4C and HG6C Units are designed to meet the growing need and demand for improved fuel efficiency along with a significant reduction in GHG’s of resources companies, and achieve future carbon credits such as in mining, forestry and oil & gas.
Vale’s web site states, “One of Vale's' strategic pillars is to incorporate sustainability into its business by building economic, social and environmental legacies and mitigating the impacts of its operations.”
Codelco’s web site states, “We have specific goals in terms of carbon footprint, water footprint, circular economy, reduction of particulate matter, standard of tailings deposits and development of territories with social value.”
Nexa’s web site states, “The topic of climate change is very relevant to Nexa and is a fundamental part of our ESG strategy. We are currently developing innovative projects in collaboration with different partners to improve our performance in the use of clean energy, in reducing greenhouse gas emissions in operations and in the value chain.”
Arauco’s web site states, “Our presence in global markets commits us to embrace global challenges. Our leadership in the optimization of water resources, clean energy and carbon credits are just a few of our initiatives to face global change.”
Sigma’s web site states, “Our Global Strategy, which is aligned to the UN Sustainable Development Goals, has allowed us to focus over the past decade on the promotion of the sustainable development of our people, our planet and our communities.”
Joao Araujo, Partner at H2 Tek, stated, “At H2 Tek, we are committed to helping our clients complete their projects in a safe, profitable, and environmentally sustainable manner. With a focus on mining, forestry, agriculture and power generation, we are pleased to support our clients in providing the products and infrastructure that people need while reducing the environmental footprint, fuel consumption and maintenance costs for all diesel equipment. The HydraGEN™ Technology of dynaCERT helps us meet our ESG goals and will contribute as a major step forward in reducing GHG's.”
Ed Cordeiro, Director of Sales, Americas, of dynaCERT, stated, “As global diesel prices soar, dynaCERT continues to serve the mining sector in Canada and internationally, as well as the forestry industry and private sector users of internal combustion engines in the construction industry. Our products help users to achieve sustainability and reduce global Greenhouse Gas Emissions. I applaud the clients of H2 Tek for their vision and commitment to contributing to a greener planet by reducing emissions.”
About H2 Tek LP
H2 Tek LP is focused exclusively on selling and servicing dynaCERT’s HydraGEN™ Technology. H2 Tek markets to mining, diesel power generation, forestry, agriculture, for on-road and off-road applications. Together with its international partners, H2 Tek currently has market reach to more than eleven countries.
About dynaCERT Inc.
dynaCERT Inc. manufactures and distributes Carbon Emission Reduction Technology along with its proprietary HydraLytica™ Telematics, a means of monitoring fuel consumption and calculating GHG emissions savings designed for the tracking of possible future Carbon Credits for use with internal combustion engines. As part of the growing global hydrogen economy, our patented technology creates hydrogen and oxygen on-demand through a unique electrolysis system and supplies these gases through the air intake to enhance combustion, which has shown to lower carbon emissions and improve fuel efficiency. Our technology is designed for use with many types and sizes of diesel engines used in on-road vehicles, reefer trailers, off-road construction, power generation, mining and forestry equipment.
Website: www.dynaCERT.com.
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Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. In particular, information relating to H2 Tek LP and its clients cannot be independently verified. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance of achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.
Forward-looking information is based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: uncertainty as to whether our strategies and business plans will yield the expected benefits; availability and cost of capital; the ability to identify and develop and achieve commercial success for new products and technologies; the level of expenditures necessary to maintain and improve the quality of products and services; changes in technology and changes in laws and regulations; the uncertainty of the emerging hydrogen economy; including the hydrogen economy moving at a pace not anticipated; our ability to secure and maintain strategic relationships and distribution agreements; and the other risk factors disclosed under our profile on SEDAR at www.sedar.com. Readers are cautioned that this list of risk factors should not be construed as exhaustive.
The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.
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NEW YORK--(BUSINESS WIRE)--Hess Corporation (NYSE: HES) announced today that it has completed the sale of its 8.16% interest in the Waha Concession in Libya in equal shares to TotalEnergies and ConocoPhillips.
Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information is available at www.hess.com.
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Funding led by Parkwalk Advisors and BGF enables CGD to deliver mass production of its GaN transistor family and contribute to the global sustainability movement.
CAMBRIDGE, England--(BUSINESS WIRE)--Cambridge GaN Devices (CGD), the fabless semiconductor company that was spun out of the renowned power device group at the Engineering Department of the University of Cambridge in 2016, has raised $19m in Series B funding. The investment was led by Parkwalk Advisors and BGF, with participation from IQ Capital, CIC, Foresight Williams Technology and Martlet Capital. The investment will enable CGD to begin mass production of its range of GaN transistors for power applications.
Dr, Giorgia Longobardi | Co-Founder & CEO, CGD “CGD is poised to become one of the leaders in enabling a sustainable world. As we move to a net-zero carbon society with rapidly increasing levels of electrification, we need clean, renewable sources of electricity and more efficient conversion methods. GaN provides the optimum conversion solution, reducing power losses by more than 50% and increasing energy conversion efficiency to above 99%. To take just one application example, if all data centres were to adopt GaN, this would save 12.4TWh of electricity per year, or 9 million tons of CO2 - the equivalent of taking 1.9 million internal combustion engines vehicles off the road for a year *. Our ICeGaN™ GaN transistors – which are now in the hands of customers at scale – are amongst the most efficient devices of their type on the market. Our devices are also the easiest for designers to use.” |
CGD has already made remarkable progress, developing new intellectual property and bringing to market its new ICeGaN™ Gallium Nitride transistor family which addresses a $50bn global power semiconductor market. The company is uniquely positioned to disrupt multiple industries such as consumer and industrial power supplies, lighting, data centres and automotive HEV/EV. CGD’s innovative and easy-to-use technology provides efficient, sustainable, and more cost-effective power solutions for electronic equipment.
As a result, CGD has gained significant global traction and attention at international conferences and in respected press. CGD is currently leading a $10m European-funded project developing GaN-based modules for low and high-power applications (GaNext); is participating in a UK supply chain initiative for PCB-embedded power systems with GaN devices (P3EP) and recently launched a project to develop highly reliable GaN power transistors and ICs to cut data centre emissions (ICeData). CGD is also focused on key partnerships with their customers focused at the datacom and automotive solutions. The company has completed its brand development, moved to new offices, and now employs over 40 staff worldwide, with more planned to support the up scaling.
Dr, Giorgia Longobardi | Co-Founder & CEO, CGD “This latest round of investment is a great recognition of our success to date, with new and existing investors confirming the strength of our technology. Since 2016, CGD has been on a mission to make greener electronics possible and to shape the future of power electronics by delivering the most efficient and easy-to-use transistors. We are thrilled to be in a position to move to mass production and global supply, delivering devices where our unique technology can have the biggest impact.” |
JOHN PEARSON | INVESTOR AT PARKWALK ADVISORS “CGD's technology can play a significant role in the global shift to net zero and it is already making an impact in real world applications. Parkwalk is delighted to be able to continue supporting the company and its impressive and growing team. We look forward to seeing the next phase in CGD's exciting growth journey.” |
IAN LANE | INVESTOR AT CIC “We are delighted to have backed Giorgia and her team in this latest round. The commercialisation of CGD’s technology comes at an important point in time, as we look for technology enabled solutions to lower power consumption across applications, as diverse as phone chargers and data centres. Cambridge (UK) is a globally important hub for semiconductor design and CGD is a great example of the innovation in the cluster.” |
ARNAUD GARNIER | BUSINESS DEVELOPMENT MANAGER AT IMEC.IC-LINK “Imec.IC-link helps companies, academia, and emerging start-ups to bring their chip-based innovations to production by providing complete ASIC solutions, including design, access to advanced ASIC foundry technologies, assembly and test and qualification services. As a Value Chain Aggregator of TSMC, we supported Cambridge GaN Devices as the first GaN customer in Europe.” |
ENDS
About Cambridge GaN Devices
Cambridge GaN Devices (CGD) is a fabless semiconductor company spun out by Prof. Florin Udrea and Dr. Giorgia Longobardi from Cambridge University in 2016 to exploit a revolutionary technology in power devices. Our mission is to shape the future of power electronics by delivering the most efficient and easy-to-use transistor. CGD designs, develops and commercialises GaN transistors and ICs enabling a radical step change in energy efficiency and compactness and is suitable for high-volume production. CGD technology is protected by a strong IP portfolio that constantly grows based on the company's leading innovation skills and ambitions. In addition to the multi-million seed fund and Series A and now B private investments, CGD has so far successfully secured four projects funded by iUK, BEIS and EU (Penta). The technical and commercial expertise of the CGD team combined with an extensive track record in the power electronics market has been fundamental in early market traction of our proprietary technology.
About Parkwalk Advisors
Parkwalk is the largest growth EIS fund manager, backing world-changing technologies emerging from the UK’s leading universities and research institutions. With over £400m of assets under management, it has invested in over 120 companies across its flagship Parkwalk Opportunities EIS Fund as well as the award-winning enterprise and innovation funds Parkwalk manages for the Universities of Cambridge, Oxford, Bristol and Imperial. Parkwalk invests in businesses creating solutions to real-world challenges, with IP-protected innovations, across a range of sectors, including life sciences, AI, quantum computing, advanced materials, genomics, cleantech, future of mobility, MedTech and big data.
About BGF
BGF was set up in 2011 and has invested £2.5 billion in nearly 400 companies, making it the most active investor in the UK. BGF is a minority, non-controlling equity partner with a patient outlook on investments, based on shared long-term goals with the management teams it backs. BGF invests in growing businesses in the UK and Ireland through its network of 16 offices. In 2018, Canada launched its equivalent – the Canadian Business Growth Fund – and in 2019, Australia did the same, both based on BGF’s funding model.
About IQ Capital
IQ Capital is a deeptech venture capital firm that invests in thought-leading founders addressing some of the largest problems in the world – across sectors, including machine learning & AI, human-machine interfaces, advanced engineering/robotics & materials, health tech & life sciences, fintech and cybersecurity.
IQ Capital’s 45+ portfolio companies are visionaries and dominate their respective markets on a global scale. Our initial investments at Seed and Series A range from £0.5m to £10m, with capacity for follow-on investment up to £30m through our Growth Fund.
About Foresight Williams
Foresight Group (“Foresight”) and Williams Advanced Engineering started their investment collaboration in 2016 with the launch of the Foresight Williams Technology EIS Fund. 2019 saw the launch of a sister fund, the Foresight Williams Technology VCT share class, which sits within the Foresight Solar & Technology VCT plc. These two funds target investment in companies where we believe Foresight’s and Williams’ expertise and services can be harnessed to assist with the development of the businesses, with the objective of achieving successful exits at high-value multiples.
About CIC
Cambridge Innovation Capital (CIC) is a leading venture investor backing and building category-leading deep tech and life sciences companies. CIC currently manages in excess of £0.5 billion and has invested in around 40 companies. CIC is a preferred investor for the University of Cambridge, Europe’s top source of founders for venture-backed start-ups.
Cambridge Innovation Capital Manager Limited (FRN:918898) is authorised and regulated by the Financial Conduct Authority. For more information, please visit http://www.cic.vc or follow us on Twitter at @CIC_vc and LinkedIn
About Martlet Capital
Martlet Capital is a Cambridge-based, seed-stage investment firm. We provide patient capital to deep tech, life science, and sustainability start-ups. We look for businesses with an entrepreneurial team, defensible technology, and outstanding growth potential. The Martlet team combines operational, business-building, and investment expertise, which enables us to provide real, hands-on support to our portfolio companies.
* Sources: Eaton, Statkraft - Data Centers and Decarbonization – Oct. 21
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Fund Targets Early-Stage Deep Tech Climate Opportunities to Drive Decarbonization
NEW YORK--(BUSINESS WIRE)--Energy Impact Partners (“EIP”), a global venture capital firm investing in the transition to a net-zero carbon economy, today announced the closing of the EIP Deep Decarbonization Frontier Fund I LP (the “Frontier Fund” or the “Fund”). The Fund was oversubscribed with global investor support and closed at $485 million.
The Fund seeks to invest in revolutionary climate technologies with outsized financial prospects, focusing on companies that have achieved early technical validation but have not yet reached full maturity at scale. The Fund has already invested in 12 companies, including: Form Energy (multi-day energy storage), Nitricity (zero-carbon fertilizer), Carbon America (point-source carbon capture), Sublime Systems (electrified zero-carbon cement), Electric Hydrogen (low-cost renewable H2) and Rondo Energy (thermal storage for industrial heat).
“The challenge is both simple and daunting – the world must go from 50 gigatons of CO2e emissions per year, to net-zero by midcentury, if not sooner,” said Shayle Kann, Partner at EIP. “Our Frontier Fund is dedicated to supporting entrepreneurs who will build the foundations of that transformation and the trillions of dollars of opportunity it represents. We are thrilled to drive that future along with EIP’s team and expanding global partner ecosystem.”
Since its founding in 2015, EIP has built a collaborative model that brings together a global coalition of over 50 forward-looking corporations who are committed to decarbonize the global economy. The goal of the partnership-driven model is to identify category-leading innovators, accelerate their market adoption and drive direct revenues from EIP’s corporate LPs to portfolio companies. The platform has already enabled over 350 contracts and delivered more than $1 billion in bookings and business to a portfolio of 100+ companies.
Partner Ashwin Shashindranath, added, “We are the climate-technology specialists. Investors turn to EIP, and its ecosystem of experts, as the partner of choice in turning the global challenges of the net zero transformation into investment opportunities. We are looking at the earliest stages for solutions to climate problems and develop real pathways to commercial success, helping complete the last mile of deep decarbonization.”
Including this fund, EIP has raised over $3 billion and saw the majority of existing strategic investors commit to the Frontier Fund, adding to a diverse LP base comprised of corporates, banks, sovereign wealth funds, family offices, high net worth individuals and foundations from North America, Asia and Europe.
About Energy Impact Partners
Energy Impact Partners LP (EIP) is a global venture capital firm investing in the transition to a sustainable future. EIP brings together entrepreneurs and some of the world’s most forward-looking energy and industrial companies to advance innovation. With over $3 billion in assets under management, EIP invests globally across venture, growth, credit, and infrastructure – and has a team of over 80 professionals based in its offices in New York, San Francisco, Washington D.C., Palm Beach, London, Cologne, and Oslo. For more information on EIP, please visit www.energyimpactpartners.com.
Madison Hanlon
Prosek Partners
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