WASHINGTON & CHICAGO--(BUSINESS WIRE)--Nodal Exchange and IncubEx announced today the planned launch date of December 5^th, 2022 for the Washington Carbon Allowance (WCA) futures contract and the National CRS Listed Wind Renewable Energy Certificate (REC) futures contracts, pending regulatory review.

The WCA contract will be the first exchange listed and cleared contract corresponding with the newest regional carbon market in North America, in Washington state. The Washington carbon “Cap-and-Invest” program, which is set to commence compliance obligations on January 1, 2023, will gradually cover about 75% of the state's largest emitters of CO₂. Washington Carbon Allowances from the listed contracts will be physically delivered via the Washington Compliance Instrument Tracking System Services (CITSS) registry.

The program aims to lower CO₂ emissions 45% below 1990 levels by 2040 and 95% below 1990 levels, reaching net-zero carbon emissions by 2050 as set by the Washington state's Climate Commitment Act.

The WCA futures contract joins the slate of North American listed carbon products on Nodal Exchange including: California Carbon Allowance (CCA) futures and options, California Carbon Offset (CCO) futures and Regional Greenhouse Gas Initiative (RGGI) futures and options. Open interest in North American carbon futures on Nodal has reached 40,211 lots, up 128% year over year.

"The North American carbon market landscape continues to evolve, grow and mature and the new Washington cap-and-invest program is another illustration of how states and provinces are building on the success of neighboring jurisdictions in addressing environmental issues via market-based solutions," said Dan Scarbrough, President and COO at IncubEx. "We see this contract as another major exchange product development that provides all the known benefits of transacting environmental commodities in a regulated futures market."

Nodal Exchange and IncubEx are also pioneering the National CRS Wind REC futures. This first-of-its-kind contract, sometimes referred to as a hybrid compliance/voluntary REC, delivers Renewable Energy Certificates from four distinct registries where existing Nodal REC futures contracts are listed: ERCOT Renewables Registry, Western Renewable Energy Generation Information System (WREGIS), North American Renewables Registry™ (NAR), or Midwest Renewable Energy Tracking System (M-RETS®) for qualifying wind energy production from facilities which are listed with the Center for Resource Solutions (CRS) as an element of CRS’ administration of its Green-e® certification program. The new product will be made available as front-half and back-half contracts corresponding to the first half and second half of the calendar year which can also be traded in combination.

The new National CRS Wind REC futures enable Nodal customers to aggregate liquidity across key REC markets across the US, with physical delivery from the leading registries. The new Nodal Exchange contracts complement the largest suite of REC futures contracts listed on any exchange, including Nodal Exchange’s: Texas CRS wind, Texas CRS solar, M-RETS CRS wind, NAR CRS wind and NAR CRS solar contracts. In aggregate, trading volume has totaled 130,130 lots (130.1 million MWh) and open interest currently stands at 42,951 lots (representing 42.9 million MWh).

"These new carbon and REC contracts are reflective of our drive to offer innovative and pioneering products that meet the needs of our customers in the environmental space," said Paul Cusenza, CEO of Nodal Exchange. "These contracts add two unique contract offerings to what is already the world’s broadest suite of exchange listed environmental contracts."

ABOUT INCUBEX

IncubEx is an incubator for exchange traded products, services, and technology solutions. At its core, IncubEx is a product and business development firm. The company works in conjunction with its global exchange partner, European Energy Exchange (EEX), Nodal Exchange and other leading service providers and stakeholders to design and develop new financial products in global environmental, reinsurance, and related commodity markets. The company has a specific focus on innovation and continuous improvement of products and services, including technology, trading solutions, and operational efficiencies. The IncubEx team is led by former key Climate Exchange executives and is uniquely positioned to capture these opportunities with its partners. The company was founded in 2016 and currently has offices in Chicago and London. See more at www.theincubex.com.

ABOUT NODAL

Nodal Exchange is a derivatives exchange providing price, credit and liquidity risk management solutions to participants in the North American commodities markets. Nodal Exchange is a leader in innovation, having introduced the largest set of electric power and environmental futures and options contracts in the world. As part of EEX Group, a group of companies serving international commodity markets, Nodal Exchange currently offers over 1,000 power contracts on hundreds of unique locations, providing the most effective basis risk management available to market participants. In addition, Nodal Exchange offers natural gas contracts. All Nodal Exchange contracts are cleared by Nodal Clear which is a CFTC registered derivatives clearing organization. Nodal Exchange is a designated contract market regulated by the CFTC. For more information, please visit www.nodalexchange.com.

PRESS:
IncubEx
Jim Kharouf
IncubEx Communications Director
P: 773-391-0439
This email address is being protected from spambots. You need JavaScript enabled to view it.

Nodal
Nicole Ricard
Nodal Exchange Public Relations
P: 703-628-6501
This email address is being protected from spambots. You need JavaScript enabled to view it.

The company reduced 2.4 times carbon emissions compared to the same period last year.

HANGZHOU, China--(BUSINESS WIRE)--Ant Group announced today that, according to calculations by the China Environmental United Certification Center (CEC), the company reduced its data centers’ electricity consumption by 1,538 megawatt-hours during this year’s 11.11 Global Shopping Festival from November 1 to November 11, with the help from green computing technologies.

By using green computing technologies, Ant Group lowered carbon emissions by 947 tons over the 11-day period, which is 2.4 times compared to last year's 394 tons over the same period. The amount reduced this year is equivalent to daily carbon emissions of about 72,000 gas and diesel cars. The increase in energy savings was mainly attributed to Ant Group’s improved utilization rate of computing resources enabled by the company’s continuing optimization of its green computing technologies.

The green computing technologies Ant Group deploys include online-offline hybrid deployment, cloud-native time-shared scheduling and AI-based auto scaling. These technologies allow data centers to provide computing resources as efficiently as possible, while ensuring applications’ access to the computing power they need to remain stable in operations. By adopting these technologies, data centers can support more business demands with fewer servers, maximize their utilization of computing resources, minimize wasted electricity and reduce energy intensity.

Today, data centers still consume a large amount of electricity and produce carbon emissions as they fuel the development of the digital economy. Ant Group began exploring innovative technologies to improve its data centers' operational efficiency in 2019. Green computing technologies is an integral part of the company’s roadmap towards the pledge it made in March 2021 to realize net zero in carbon emissions by 2030. In April 2022, the company announced that it had achieved carbon neutrality in its own operations (Scopes 1 & 2), according to 2021 emission figures certified by the CEC.

About Ant Group

Ant Group traces its roots back to Alipay, which was established in 2004 to create trust between online sellers and buyers. Over the years, Ant Group has grown to become one of the world's leading open Internet platforms. Through technological innovation, we support our partners in providing inclusive, convenient digital life and digital financial services to consumers and SMEs. In addition, we have been introducing new technologies and products to support the digital transformation and industrial collaboration. Working together with global partners, we enable merchants and consumers to make and receive payments and remit around the world.

Media Inquires
Ant Group
Martin Mou
This email address is being protected from spambots. You need JavaScript enabled to view it.

LOWELL, Ark.--(BUSINESS WIRE)--J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT), one of the largest supply chain solutions providers in North America, today announced a new goal to reduce its carbon emission intensity 32% by 2034 (baseline 2019), advancing the company’s sustainability vision of moving the freight industry towards a low-carbon future.

“Our roadmap to achieving this aspirational goal will help J.B. Hunt strive to significantly reduce our carbon emission intensity while holding true to our customer commitment of providing efficient, quality-driven, competitive supply chain solutions for moving their freight,” said Craig Harper, chief sustainability officer and executive vice president at J.B. Hunt. “Our goal is an ambitious challenge to improve J.B. Hunt’s carbon footprint and to help advance the transportation industry’s progress in developing sustainable solutions that are commercially viable and scalable for widespread adoption.”

Specifically, J.B. Hunt will focus on three key areas to reach its emission-reduction target by 2034:

• Incorporating alternative powered equipment into its fleet
• Expanding the use of biogenic fuels
• Improving fuel economy (diesel powered miles-per-gallon “MPG”)

Achieving the company’s ambitious target is dependent on significant progress with the development and availability of new industry technology and the infrastructure needed to enable their day-to-day use on an industry-wide scale. Examples include developments such as: ongoing enhancements to commercial motor vehicles; charging and refueling infrastructure; expanded capacity on the electrical grid; increased availability of biogenic fuels and the incorporation of more energy resources with lower carbon intensity.

J.B. Hunt’s goal is an intensity target aligned with the original goal of the Paris Climate Agreement to limit global warming to 2°C. Emission intensity measures the volume of absolute emissions emitted against a relevant business output, allowing for business growth while still showing emissions improvement on a per unit basis. The company’s target will focus on reducing Scope 1 and Scope 2 emissions per company operated ton-mile 32% by 2034 from a 2019 base year.

J.B. Hunt developed a roadmap for how its goal could be achieved if certain assumptions, including those related to electric vehicles, biogenic fuels and MPG improvements, are met. These assumptions were made with deep understanding of company operations and following consultation with suppliers and original equipment manufacturers and recommendations from a variety of leading industry organizations. While J.B. Hunt must depend on other companies and industries for these assumptions to be realized, the company plans to encourage, support and monitor the advancements needed to achieve its goal.

Leading the Industry in Intermodal Conversion

Reducing J.B. Hunt’s carbon emission intensity is expected to have a positive impact throughout the supply chain, helping many customers reduce their overall carbon footprint. This is complementary to the industry-leading rail intermodal service J.B. Hunt provides to help customers avoid carbon emissions. Converting over-the-road highway freight to rail intermodal is the most widely available ground transportation solution for cutting carbon emissions, reducing a shipment’s carbon footprint by an average of 60% compared to over-the-road truck transportation.

J.B. Hunt operates the largest company-owned intermodal fleet in North America with more than 113,000 53’ containers supported by company-owned chassis and tractors, with plans to expand to as many as 150,000 containers in the next three to five years. Over the past decade, J.B. Hunt’s intermodal service has helped avoid an estimated 30 million metric tons of CO2e emissions from over-the-road truck transportation. Similarly, since 2020, the company’s J.B. Hunt 360°® technology platform has provided freight visibility used to find loads that helped company drivers avoid an estimated nearly six million empty miles. While relevant to the emissions-reduction conversation, carbon emissions avoided by intermodal conversion and empty-mile reduction do not contribute to the company achieving its reduction target.

In addition to operations-focused initiatives to reduce carbon emissions, J.B. Hunt is committed to making sustainability a focus throughout the company’s organization – from maintenance and equipment to engineering and technology – as it creates the most efficient transportation network in North America.

About J.B. Hunt

J.B. Hunt Transport Services, Inc., a Fortune 500 and S&P 500 company, provides innovative supply chain solutions for a variety of customers throughout North America. Utilizing an integrated, multimodal approach, the company applies technology-driven methods to create the best solution for each customer, adding efficiency, flexibility, and value to their operations. J.B. Hunt services include intermodal, dedicated, refrigerated, truckload, less-than-truckload, flatbed, single source, last mile, and more. J.B. Hunt Transport Services, Inc. stock trades on NASDAQ under the ticker symbol JBHT and is a component of the Dow Jones Transportation Average. J.B. Hunt Transport, Inc. is a wholly owned subsidiary of JBHT. For more information, visit www.jbhunt.com.

Forward-Looking Statements

This press release may contain forward-looking statements that relate to our current goals, estimates, plans, projections and assumptions concerning future events or operations and are within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements may include, but are not limited to, statements regarding our climate change mitigation goals, initiatives, strategies and projections. Forward-looking statements are inherently uncertain, subject to risks, and should be viewed with caution. These statements are based on our belief or interpretation of information currently available. Stockholders and prospective investors are cautioned that actual results and future events may differ materially from these forward-looking statements as a result of many factors. Some of the factors and events that are not within our control and that could have a material impact on future operating results include, but are not limited to, the development and availability of new industry technology and infrastructure, such as ongoing enhancements to commercial motor vehicles, charging and refueling infrastructure, expanded capacity on the electrical grid, increased availability of biogenic fuels, the incorporation of more energy resources with lower carbon intensity, and other developments that may be necessary to make climate change solutions commercially viable and scalable for widespread industry adoption. You should also refer to Part I, item 1A of our Annual Report filed on Form 10-K for the year ended December 31, 2021, for additional information on risk factors and other events that are not within our control. Our future financial and operating results may fluctuate as a result of these and other risk factors as described from time to time in our filings with the Securities and Exchange Commission. J.B. Hunt assumes no obligation to update any forward-looking statements to the extent the company becomes aware they will not be achieved for any reason. This press release and additional information will be available to interested parties on our website, www.jbhunt.com.

Brad Delco
Senior Vice President - Finance
479.820.2723

HOUSTON--(BUSINESS WIRE)--Helix Energy Solutions Group, Inc. (NYSE: HLX) announced today that it will participate in the Bank of America Securities 2022 Global Energy Conference in Miami, Florida at the 1 Hotel South Beach on Wednesday November 16, 2022, and Thursday November 17, 2022.

Any investor presentation provided during the conference will be publicly available and may be accessed on the “For the Investor” page of Helix’s website, www.helixesg.com.

About Helix

Helix Energy Solutions Group, Inc., headquartered in Houston, Texas, is an international offshore energy services company that provides specialty services to the offshore energy industry, with a focus on well intervention and robotics operations. Our services are centered toward and well positioned to facilitate global energy transition by maximizing production of remaining oil and gas reserves, decommissioning end-of-life oil and gas fields, and supporting renewable energy developments. For more information about Helix, please visit our website at www.helixesg.com.

Erik Staffeldt, Executive Vice President & CFO
email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Ph: 281-618-0465

BOSTON--(BUSINESS WIRE)--SES AI Corporation (NYSE: SES), a global leader in the development and manufacturing of high-performance lithium-metal (Li-Metal) rechargeable batteries for electric vehicles (EVs) and other applications, headquartered in Boston, announced today that the company will participate in the Water Tower Research Fireside Chat Series on Friday, November 18, 2022, at 10:00 am EST.

Qichao Hu, CEO of SES, will provide an update on the company’s technology and roadmap to commercialization. If you are an institutional or retail investor, and would like to listen to the Company’s fireside chat, please click here to register for the event.

Event: WTR Fireside Chat Series: Qichao Hu, Founder and CEO of SES AI Corp
Date: November 18, 2022
Time: 10:00 A.M. EST
Location: Virtual Conference
Company Webcasting Link: Fireside Chat: SES AI Corp. (SES) CEO Qichao Hu Will Provide an Update on the Company’s Technology and Roadmap to Commercialization.

About SES

SES is a global leader in development and production of high-performance Li-Metal rechargeable batteries for EVs and other applications. Founded in 2012, SES is an integrated Li-Metal battery manufacturer with strong capabilities in material, cell, module, AI-powered safety algorithms and recycling. Formerly known as SolidEnergy Systems, SES is headquartered in Boston and has operations in Singapore, Shanghai, and Seoul. To learn more about SES, please visit: ses.ai

SES may use its website as a distribution channel of material company information. Financial and other important information regarding SES is routinely posted on and accessible through the Company’s website at www.ses.ai. Accordingly, investors should monitor this channel, in addition to following SES’s press releases, Securities and Exchange Commission filings and public conference calls and webcasts.

Investors: Eric Goldstein This email address is being protected from spambots. You need JavaScript enabled to view it.
Media: Irene Lam This email address is being protected from spambots. You need JavaScript enabled to view it.

BONN, Germany--(BUSINESS WIRE)--Kautex Textron GmbH & Co., KG (Kautex), a Textron Inc. (NYSE: TXT) company, announced it has received an Automotive Division Award from the Internationale Gesellschaft für Kunststofftechnik, SPE Central Europe for its Pentatonic battery system. The award was presented at the Society’s annual Awards Event in Dusseldorf, Germany.

The Pentatonic battery system received the award in the Enabler Technology category. The system is constructed from lightweight thermoplastic composite in a one-step molding process. The enclosure offers numerous advantages to OEMs, including a reduced carbon footprint (an average of 55% compared to aluminum housings), a one-shot production process allowing direct feature integration and inherent protection from corrosion and leakage versus its metal counterparts.

“We are honored to be recognized by the SPE during this event,” said Felix Haas, director Product Development for Kautex. “The award symbolizes not only the strides Kautex has made to provide OEMs innovative, practical solutions on the journey to electrification, it also celebrates the hard work and commitment of our employees who have made this recognition possible.”

To ensure the company was prepared to design and produce battery systems for customers world-wide, Kautex announced the purchase and installation of its first 5500-ton compression molding machine last year. Overcoming several delays due to COVID-19 shutdowns, the machine is commissioned, and the team is finalizing the official acceptance of the equipment in preparation of customer visits and trials. More recently, in cooperation with LANXESS, the developer of the polyamide 6 material, the Pentatonic battery system underwent rigorous testing in accordance with internationally recognized standards including the Chinese GM38031 standard and the ECR R100 from the Economic Commission for Europe (ECE). The system successfully met the requirements for numerous tests including mechanical shock, crush, drop, vibration and bottom impact testing. Additionally, the company has installed a system in a vehicle demonstrator that will be shown to customers throughout the region.

“We were very pleased with the performance of our Pentatonic system in these recent testing events,” continued Mr. Haas. “Successfully meeting the requirements of internationally recognized standards was a key step in proving the value and technical feasibility of thermoplastics as a reliable, innovative option to the existing enclosure solutions.”

The Automotive Division Award of the Internationale Gesellschaft für Kunststofftechnik, SPE Central Europe, is recognized for the quality of the entrants and its objective evaluation criteria.

About Kautex Textron GmbH & Co. KG

At Kautex, we are driving the future. As a Tier One automotive supplier with more than 30 plants in 14 countries, Kautex designs, develops and manufactures traditional and hybrid fuel systems, advanced cleaning solutions for assisted and autonomous driving, engine camshafts and plastic industrial packaging solutions. A pioneer in the design and manufacture of automotive plastic fuel systems, Kautex is expanding its portfolio to offer smart products and data-driven services to our customers, including smart fuel systems, thermoplastic composite and composite-metal hybrid battery systems. From a lightweight battery system to a hybrid fuel system to autonomous drive vehicle cleaning systems, Kautex is committed to pioneering solutions for the era of new mobility.

About Textron Inc.

Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell, Cessna, Beechcraft, Hawker, Jacobsen, Kautex, Lycoming, E-Z-GO, Arctic Cat, and Textron Systems. For more information, visit: www.textron.com

Certain statements in this press release are forward-looking statements which may project revenues or describe strategies, goals, outlook or other non-historical matters; these statements speak only as of the date on which they are made, and we undertake no obligation to update or revise any forward-looking statements. These statements are subject to known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from those expressed or implied by such forward-looking statements.

www.kautex.de
Kautex Textron, Inc. Kautexstrasse 52, Bonn 53229 Germany

SARA MONGER
Kautex Textron GmbH & Co. KG
+1 817 301 2126
This email address is being protected from spambots. You need JavaScript enabled to view it.

SAN FRANCISCO--(BUSINESS WIRE)--On the heels of the COP27 climate summit, Scepter, Inc., an emerging company that uses global Earth- and air-based data to measure climate gases and air pollution in real time, has today announced it is set to launch in January a stratospheric balloon enabled with methane-detection sensors in Texas’ Permian Basin, which will gather first-of-its-kind data on methane emissions.

“These balloon sensors in the stratosphere enable us to turn on our methane information service offering now. Active regional operations are a stepping stone to our ultimate goal of launching sensors in space, in low-Earth orbit, with satellites to monitor emissions globally and in real time,” announced Scepter Founder and CEO Philip Father.

The Permian is a region in west Texas that is among the largest oil- and gas-producing regions in the world. Balloons carrying hyperspectral sensors operating in short-wave infrared have never been commercially deployed before to get this detailed level of data, measuring down to 50 kg methane per hour and lower—a moderate-sized industrial leak.

Balloons can also uncover “intermittent” leaks in oil- and gas-production, another first. Intermittent leaks often go undetected because they are not necessarily active when an aircraft or drone flies overhead. In contrast, the balloons can “dwell” over an area of interest on a 24/7 basis to uncover leaks and develop an emissions map of the region. Thus, the Scepter balloon approach presents a notable advance over current methods, with improved quantification from an airborne view. Balloons also provide a more holistic perspective than Earth-based sensors, which only measure their immediate vicinity.

Matt Alvarado, VP of R&D at Atmospheric and Environmental Research (AER), a Verisk (Nasdaq:VRSK) subsidiary, said of the new technique, “We are excited to be working with Scepter to deliver a novel, continuous methane-monitoring capability to the oil and gas industry. Intermittent leaks are thought to emit two to three times more methane than the persistent sources currently reported by conventional methods. So, Scepter’s work uncovering intermittent sources with balloons will be huge for the industry and the world.” AER will be working on the project with Scepter to analyze the vast amounts of data generated over the Permian.

The first balloon will go up in January 2023, initially covering ExxonMobil areas of interest. In April, Scepter will launch a second balloon in the Permian to cover additional areas that encompass oil fields operated by companies that include Pioneer, Chevron, Occidental and others.

Tucson-based stratospheric balloon company World View is working closely with Scepter to bring the balloon capabilities to the mission. “We are delighted to be working with Scepter strategically to integrate the most appropriate class of assets into Scepter’s overall approach to render the atmosphere’s composition in real time,” said Matteo Genna, World View President, Remote Sensing. “We believe climate change is the biggest issue of our time.”

Beyond the Permian Basin, Scepter is poised to deploy more regional sensors in partnership with state-run oil and gas companies in Asia and the Middle East in 2023. The company will then move to its next phase in 2024: launching sensors on low-Earth-orbit satellites to monitor global emissions.

Methane has been estimated as causing about 20% of greenhouse gases and the oil industry accounts for about a third of the global methane released into the atmosphere. Notably, the Biden Administration infrastructure law, passed last year, mandates that oil and gas companies monitor methane emissions or be penalized, with the goal of reducing emissions globally.

“The climate provisions in the new infrastructure law put a real tailwind behind Scepter’s plans to work with the oil industry to reduce pollutants,” added Father. “Finally, it makes economic sense for oil and gas companies to mitigate their emissions, and Scepter is poised to be part of that.”

ABOUT SCEPTER

Scepter has developed and patented a ground-breaking approach to monitoring the atmosphere in real-time using an array of terrestrial, airborne and low-Earth-orbit satellite-based sensors to provide actionable information for businesses, consumers, governments and NGOs.

These capabilities are not only critical for solving the global pollution and climate change crises, but also provide the platform for an emerging multibillion-dollar commercial atmospheric monitoring services industry with markets in government, energy, industrial, healthcare, agriculture, insurance and cosmetics, beginning with the oil and gas industry. Scepter distinguishes itself among other air monitoring entities in that its measurements are in real-time and measure a variety of emissions: particulates, methane and other criteria pollutants. The unique qualities of Scepter’s process are reflected in patents awarded to the company in the U.S. and internationally. For more on Scepter, visit www.ScepterAir.com.

Gary Start at This email address is being protected from spambots. You need JavaScript enabled to view it.

HALIFAX, Nova Scotia--(BUSINESS WIRE)--Today Emera (TSX: EMA) reported 2022 third quarter financial results.

Highlights

• Quarterly adjusted EPS ⁽¹⁾ increased $0.08 or 12% to $0.76 compared to $0.68 in Q3 2021. Quarterly reported EPS increased $0.90 to $0.63 in Q3 2022 compared to a net loss per common share of $(0.27) in Q3 2021 due to lower mark-to-market (“MTM”) losses in 2022.
• Year-to-date, adjusted EPS ⁽¹⁾ increased $0.10 or 5% to $2.27 compared to $2.17 in Q3 2021. Year-to-date reported EPS increased by $1.02 to $1.75 from $0.73 in 2021 due to lower MTM losses in 2022.
• Adjusted EPS ⁽¹⁾ contributions from regulated utilities increased 11% for the quarter and 12% year-to-date primarily driven by the impact of favourable weather and new rates at Tampa Electric, as well as from customer growth at both Tampa Electric and People’s Gas (“PGS”). Higher marketing and trading margin increased adjusted EPS¹ by $0.05 for the quarter due to higher natural gas prices and volatility, which created profitable opportunities for Emera Energy Services (“EES”). These increases were partially offset by higher corporate costs, and a higher share count.
• On track to deploy $2.7 billion of capital investment in 2022, principally focused on decarbonization and reliability investments across the portfolio.

“In the face of the devastating storm impacts and extensive system outages resulting from Hurricanes Fiona and Ian, the restoration efforts of our teams in Nova Scotia and Tampa were remarkable,” said Scott Balfour, President and CEO of Emera Inc. “For the quarter, we continued to invest in meeting our customers needs for cleaner, reliable and cost-effective energy, and in so doing also delivered for our shareholders. Emera’s solid 5% growth in year-to-date earnings per share, and 12% growth in quarterly earnings per share year-over-year was principally driven by continued strong performance from our Florida utilities. Looking forward, continuing strong economic and customer growth in Florida is also supporting our updated $8-$9 billion capital plan and 7- 8% consolidated rate base growth over the 2023 – 2025 period, with approximately 75% of our capital plan expected to be invested in Tampa Electric and Peoples Gas.”

Q3 2022 Financial Results

Q3 2022 reported net income was $167 million, or $0.63 per common share, compared with a net loss of $70 million, or $(0.27) per common share, in Q3 2021. Reported net income included a $36 million after-tax MTM loss, primarily at EES, compared to a $245 million loss in Q3 2021.

Q3 2022 adjusted net income⁽¹⁾ was $203 million, or $0.76 per common share, compared with $175 million, or $0.68 per common share, in Q3 2021. The increase was primarily due to higher earnings contribution from Tampa Electric and EES and the impact of a weaker Canadian dollar (“CAD”). These were partially offset by increased corporate costs due to timing impacts of long-term compensation and related hedges, as well as higher interest expense due to higher interest rates.

Year-to-date Financial Results

Year-to-date reported net income was $462 million or $1.75 per common share, compared with a net income of $186 million or $0.73 per common share year-to-date in 2021. Year-to-date reported net income included a $132 million after-tax MTM loss primarily at EES, compared to $369 million in 2021 and $7 million of NSP Maritime Link Inc. (“NSPML”) unrecoverable costs.

Year-to-date adjusted net income⁽¹⁾ was $601 million or $2.27 per common share, compared with $555 million or $2.17 per common share year-to-date in 2021.

Growth in year-to-date adjusted net income was primarily due to higher earnings contributions from Tampa Electric, PGS and Seacoast and the impact of a weaker CAD. These were partially offset by increased corporate costs due to the timing of long-term compensation and related hedges, the net impact of corporate foreign exchange hedges, increased preferred stock dividends and increased interest expense due to higher interest rates.

The impact of the unrealized losses on foreign exchange hedges, partially offset by the weakening of the CAD decreased net income by $12 million in Q3 2022 and year-to-date 2022, compared to the same periods in 2021. The weakening of the CAD increased adjusted net income by $7 million in Q3 2022 and $14 million year-to-date 2022, compared to the same periods in 2021. The impacts of the weakening CAD include the current quarter and year-to-date impacts of corporate foreign exchange hedges in the Other segment.

Consolidated Financial Review

Segment Results and Non-GAAP Reconciliation

¹ Non-GAAP Financial Measures and Ratios

Emera uses financial measures that do not have standardized meaning under USGAAP and may not be comparable to similar measures presented by other entities. Emera calculates the non-GAAP measures and ratios by adjusting certain GAAP measures for specific items. Management believes excluding these items better distinguishes the ongoing operations of the business. For further information on the non-GAAP financial measure, adjusted net income, and the non-GAAP ratio, adjusted earnings per common share – basic, refer to the "Non-GAAP Financial Measures and Ratios" section of the Emera’s Q3 2022 MD&A which is incorporated herein by reference and can be found on SEDAR at www.sedar.com. Reconciliation to the nearest GAAP measure is included in “Segment Results and Non-GAAP Reconciliation” above.

Forward Looking Information

This news release contains forward-looking information within the meaning of applicable securities laws. By its nature, forward-looking information requires Emera to make assumptions and is subject to inherent risks and uncertainties. These statements reflect Emera management’s current beliefs and are based on information currently available to Emera management. There is a risk that predictions, forecasts, conclusions and projections that constitute forward-looking information will not prove to be accurate, that Emera’s assumptions may not be correct and that actual results may differ materially from such forward-looking information. Additional detailed information about these assumptions, risks and uncertainties is included in Emera’s securities regulatory filings, including under the heading “Business Risks and Risk Management” in Emera’s annual Management’s Discussion and Analysis, and under the heading “Principal Risks and Uncertainties” in the notes to Emera’s annual and interim financial statements, which can be found on SEDAR at www.sedar.com.

Teleconference Call

The company will be hosting a teleconference today, Friday, November 11, at 9:30 a.m. Atlantic (8:30 a.m. Eastern) to discuss the Q3 2022 financial results.

Analysts and other interested parties in North America are invited to participate by dialing 1-888-886-7786. International parties are invited to participate by dialing 1-416-764-8658. Participants should dial in at least 10 minutes prior to the start of the call. No pass code is required.

A live and archived audio webcast of the teleconference will be available on the Company's website, www.emera.com. A replay of the teleconference will be available on the Company’s website two hours after the conclusion of the call.

About Emera

Emera Inc. is a geographically diverse energy and services company headquartered in Halifax, Nova Scotia, with approximately $40 billion in assets and 2021 revenues of more than $5.7 billion. The company primarily invests in regulated electricity generation and electricity and gas transmission and distribution with a strategic focus on transformation from high carbon to low carbon energy sources. Emera has investments in Canada, the United States and in three Caribbean countries. Emera’s common and preferred shares are listed on the Toronto Stock Exchange and trade respectively under the symbol EMA, EMA.PR.A, EMA.PR.B, EMA.PR.C, EMA.PR.E, EMA.PR.F, EMA.PR.H, EMA.PR.J and EMA.PR.L. Depositary receipts representing common shares of Emera are listed on the Barbados Stock Exchange under the symbol EMABDR and on The Bahamas International Securities Exchange under the symbol EMAB. Additional information can be accessed at www.emera.com or at www.sedar.com.

Emera Inc.
Investor Relations
Dave Bezanson, VP, Investor Relations & Pensions
902-474-2126
This email address is being protected from spambots. You need JavaScript enabled to view it.

Arianne Amirkhalkhali, Manager, Investor Relations
902-425-8130
This email address is being protected from spambots. You need JavaScript enabled to view it.

Media
902-222-2683
This email address is being protected from spambots. You need JavaScript enabled to view it.

Patten comes to Ameresco with a 20-year track record of implementing integrated human resource strategies

FRAMINGHAM, Mass.--(BUSINESS WIRE)--#carbonreduction--Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced that it has appointed Lenka Patten as its new Senior Vice President and Chief Human Resources Officer. With 20 years of forward-thinking human capital experience, Patten comes to Ameresco with a proven track record of implementing integrated human resource strategies that put people first and support the overall mission and vision of organizations.

In her new role, Patten will serve as a strategic member of the Ameresco executive management team, leading Ameresco’s team of human resources professionals. Patten will also provide guidance as a personnel advisor to each business unit and work to ensure cohesion across talent acquisition, professional development and employee engagement processes so that each area is aligned with Ameresco’s strategic business goals and objectives.

Prior to Ameresco, Patten served as the head of human resources for Reebok International, where she was responsible for developing and executing global human resource strategy, specifically in the areas of talent management; diversity, equity and inclusion; organization design; performance management; training and development; social purpose and community impact, among others. She’s also held human resources leadership roles at other organizations, including publicly traded State Street Corporation and Fidelity Investments.

“As the clean energy transition unfolds, it’s crucial that we invest in a team of professionals dedicated to growing our organization along with it,” said George Sakellaris, President and CEO of Ameresco. “I am thrilled to welcome Lenka to our team and am confident in her ability to bring a fresh, innovative perspective to our organization.”

I am very excited to join the Ameresco team,” said Lenka Patten. “Ameresco’s powerful mission, impressive team, and proven record of success are inspiring. I look forward to helping the company achieve its ambitious goals by cultivating a strong talent strategy and rewarding employee experience.”

Patten graduated from the University of Economics in Prague, Czech Republic with a bachelor’s degree in economics and comparative politics and a master’s degree in economics. She holds a master’s degree in organizational development from American University in Washington, D.C. as well. Patten is also a Society for Human Resource Management Senior Certified Professional, a nationally lauded recognition.

For more information on Ameresco, please visit www.ameresco.com.

About Ameresco, Inc.

Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading cleantech integrator and renewable energy asset developer, owner and operator. Our comprehensive portfolio includes energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions delivered to clients throughout North America and Europe. Ameresco’s sustainability services in support of clients’ pursuit of Net Zero include upgrades to a facility’s energy infrastructure and the development, construction, and operation of distributed energy resources. Ameresco has successfully completed energy saving, environmentally responsible projects with Federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, MA, Ameresco has more than 1,000 employees providing local expertise in the United States, Canada, and Europe. For more information, visit www.ameresco.com.

Media:
Ameresco: Leila Dillon, 508-661-2264, This email address is being protected from spambots. You need JavaScript enabled to view it.

• Third quarter revenue increased $1.6 million, or 45%, to $5.2 million over the prior-year period
  • Tool revenue grew 43% and Contract Services revenue was up 51%
• Strong operating leverage resulted in net income of $639 thousand, or $0.02 per diluted share, compared with a loss in the prior-year period
• Adjusted EBITDA* was $1.5 million with a margin of 29.5%, up 560 basis points
• Ended the quarter with $2.0 million in cash and $7.5 million in shareholders’ equity
  • Subsequent to quarter-end, the Company paid off remaining $750 thousand on the Hard Rock note
• 2022 outlook includes the anticipated sale of the initial phase of the existing DNR tool fleet to support Middle East demand; expecting revenue between $22 million to
  $24 million and Adjusted EBITDA* of $6.5 million to $7.5 million.  Without this sale, expected 2022 revenue would be between $18 million and $20 million and Adjusted EBITDA of $4.0 to $5.0 million.

*Adjusted EBITDA is a non-GAAP measure. See comments regarding the use of non-GAAP measures and the reconciliation of the third quarter GAAP to non-GAAP measures in the tables of this release.

VERNAL, Utah--(BUSINESS WIRE)--Superior Drilling Products, Inc. (NYSE American: SDPI) (“SDP” or the “Company”), a designer and manufacturer of drilling tool technologies, today reported financial results for the third quarter ended September 30, 2022.

“Our third quarter results were solid and near the high end range of our expectations as our teams continued to execute well to meet increasing demand for our tools and services,” commented
Troy Meier, Chairman and CEO.  “Importantly, we have also strengthened the earnings power of the company as we delivered net income of $639 thousand and achieved Adjusted EBITDA of $1.5 million, the highest level in more than four years, which yielded an impressive 29.5% margin.”

He added, “We believe that we continue to position ourselves well for the demand that exists for our Drill-N-Ream® (“DNR”), both domestically and internationally, and our contract services work.  We have enhanced our manufacturing team and processes, and are expanding our capacity and improving our throughput with investments in two new machining centers, one of which came online during the third quarter.  The second machining center is expected to be operational during the first quarter of 2023.  On the international front, we continue to advance our efforts as we have begun the process to setup a refurbishment facility in Dubai and have bolstered our team with a new sales and marketing lead that has made meaningful headway in Kuwait.  We are also looking forward to leveraging our new sales channel partner to drive great exposure throughout the Middle East region.”  

Third Quarter 2022 Review
($ in thousands, except per share amounts; See at “Definitions” the composition of product/service revenue categories.)

Revenue growth reflects the continued recovery in the North America oil & gas industry and improving market conditions in the Middle East.  Also contributing was strong demand for the manufacture and refurbishment of drill bits and other related tools for the Company’s long-time legacy customer.

For the third quarter of 2022, North America revenue comprised approximately 89% of total revenue, with remaining revenue all within the Middle East.  Revenue in North America grew 52% year-over-year from increased Tool Revenue and strong growth in Contract Services.   

Third Quarter 2022 Operating Costs
($ in thousands, except per share amounts)

⁽¹⁾ Adjusted EBITDA is a non-GAAP measure defined as earnings before interest, taxes, depreciation, and amortization, non-cash stock compensation expense, and unusual items.  See the attached tables for important disclosures regarding SDP’s use of Adjusted EBITDA, as well as a reconciliation of net income (loss) to Adjusted EBITDA.

The year-over-year increase in the cost of revenue as a percent of revenue was the result of global inflationary headwinds and an expansion of the Company’s workforce to accommodate for its current and expected demand.

Selling, general & administrative expenses were 33.3% of revenue, a significant improvement from the prior-year period due to the leverage on higher sales volume. 

Depreciation and amortization expense decreased 10.5% year-over-year to $363 thousand due to fully amortizing a portion of intangible assets and fully depreciating manufacturing center equipment.

Balance Sheet and Liquidity

Cash at the end of the quarter was $2.0 million.  Cash generated by operations for the year-to-date period was $1.3 million compared with $1.4 million in the prior-year period.  Higher net income was offset by working capital timing and an increase in inventory to combat supply chain inefficiencies and in support of the Company’s growth.  Year-to-date capital expenditures of $2.6 million were related to machining capacity expansion, higher maintenance activities, and an increase in the Company’s Middle East DNR rental tool fleet.  The comparable period in 2021 had $589 thousand of capital spending.  The Company refined its capital spending expectations for fiscal 2022 to range between
$3.5 million to $4.0 million.

Total debt was $3.0 million at September 30, 2022.  Subsequent to quarter-end, in October, the Company made the final $750 thousand principal payment on its Hard Rock Note.

2022 Guidance

The full year 2022 expectations reflect the projected impact from the sale of the $3.8 million stage one Middle East DNR fleet to Bin Zayed Petroleum in the fourth quarter of 2022.  

Revenue:  $22 million to $24 million
SG&A:  $7.0 million to $7.3 million
Adjusted EBITDA⁽¹⁾:  $6.5 million to $7.5 million

Without the $3.8 million DNR fleet sale, expected 2022 revenue would be between $18 million and
$20 million and Adjusted EBITDA of $4.0 to $5.0 million.

⁽¹⁾ See “Forward Looking Non-GAAP Financial Measures” below for additional information about this non-GAAP measure.

Webcast and Conference Call

The Company will host a conference call and live webcast today at 10:00 am MT (12:00 pm ET) to review the results of the quarter and discuss its corporate strategy and outlook.  The discussion will be accompanied by a slide presentation that will be made available prior to the conference call on SDP’s website at www.sdpi.com/events.  A question-and-answer session will follow the formal presentation.

The conference call can be accessed by calling (201) 689-8470.  Alternatively, the webcast can be monitored at www.sdpi.com/events.  A telephonic replay will be available from 1:00 pm MT (3:00 pm ET) the day of the teleconference until Friday, November 18, 2022.  To listen to the archived call, please call (412) 317-6671 and enter conference ID number 13733329 or access the webcast replay at www.sdpi.com, where a transcript will be posted once available.

Definitions and Composition of Product/Service Revenue:

Tool (DNR) Revenue is the sum of tool sales/rental revenue and other related tool revenue, which is comprised of royalties and fleet maintenance fees.

Contract Services revenue is comprised of repair and manufacturing services for drill bits and other tools or products for customers.

About Superior Drilling Products, Inc.

Superior Drilling Products, Inc. is an innovative, cutting-edge drilling tool technology company providing cost saving solutions that drive production efficiencies for the oil and natural gas drilling industry.  The Company designs, manufactures, repairs and sells drilling tools. SDP drilling solutions include the patented Drill-N-Ream® wellbore conditioning tool and the patented Strider™ oscillation system technology.  In addition, SDP is a manufacturer and refurbisher of PDC (polycrystalline diamond compact) drill bits for a leading oil field service company. SDP operates a state-of-the-art drill tool fabrication facility, where it manufactures its solutions for the drilling industry, as well as customers’ custom products.  The Company’s strategy for growth is to leverage its expertise in drill tool technology and innovative, precision machining in order to broaden its product offerings and solutions for the oil and gas industry.

Additional information about the Company can be found at:  www.sdpi.com.

Safe Harbor Regarding Forward Looking Statements

This news release contains forward-looking statements and information that are subject to a number of risks and uncertainties, many of which are beyond our control.  All statements, other than statements of historical fact included in this release, including, without limitations, the continued impact of COVID-19 on the business, the Company’s strategy, future operations, success at developing future tools, the Company’s effectiveness at executing its business strategy and plans, financial position, estimated revenue and losses, projected costs, prospects, plans and objectives of management, and ability to outperform are forward-looking statements.  The use of words “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “continue,” “predict,” “potential,” “project”, “forecast,” “should” or “plan, and similar expressions are intended to identify forward-looking statements, although not all forward -looking statements contain such identifying words.  These statements reflect the beliefs and expectations of the Company and are subject to risks and uncertainties that may cause actual results to differ materially.  These risks and uncertainties include, among other factors, the duration of the COVID-19 pandemic and related impact on the oil and natural gas industry, the effectiveness of success at expansion in the Middle East, options available for market channels in North America, the deferral of the commercialization of the Strider technology, the success of the Company’s business strategy and prospects for growth; the market success of the Company’s specialized tools, effectiveness of its sales efforts, its cash flow and liquidity; financial projections and actual operating results; the amount, nature and timing of capital expenditures; the availability and terms of capital; competition and government regulations; and general economic conditions.  These and other factors could adversely affect the outcome and financial effects of the Company’s plans and described herein.  The Company undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date hereof.

Forward Looking Non-GAAP Financial Measures

Forward-looking adjusted EBITDA is a non-GAAP measure. The Company is unable to present a quantitative reconciliation of these forward-looking non-GAAP financial measures to their most directly comparable forward-looking GAAP financial measure because such information is not available, and management cannot reliably predict the necessary components of such GAAP measures without unreasonable effort largely because forecasting or predicting our future operating results is subject to many factors out of our control or not readily predictable. In addition, the Company believes that such reconciliations would imply a degree of precision that would be confusing or misleading to investors. The unavailable information could have a significant impact on the Company’s fiscal 2022 and future financial results. This non-GAAP financial measure is a preliminary estimate and is subject to risks and uncertainties, including, among others, changes in connection with purchase accounting, quarter-end and year-end adjustments. Any variation between the Company’s actual results and preliminary financial data set forth in this presentation may be material.

FINANCIAL TABLES FOLLOW.

  ⁽¹⁾ Adjusted EBITDA represents net income adjusted for income taxes, interest, depreciation and amortization and other items as noted in the reconciliation table.  The Company believes Adjusted EBITDA is an important supplemental measure of operating performance and uses it to assess performance and inform operating decisions.  However, Adjusted EBITDA is not a GAAP financial measure.  The Company’s calculation of Adjusted EBITDA should not be used as a substitute for GAAP measures of performance, including net cash provided by operations, operating income and net income.  The Company’s method of calculating Adjusted EBITDA may vary substantially from the methods used by other companies and investors are cautioned not to rely unduly on it.

For more information, contact investor relations:
Deborah K. Pawlowski
Kei Advisors LLC
(716) 843-3908
This email address is being protected from spambots. You need JavaScript enabled to view it.

Developing diverse Telematics applications with sensor integration

TAIPEI, Taiwan--(BUSINESS WIRE)--$atrack #ELD--ATrack Technology Inc., a leading global vehicle telematics device designer and manufacturer, is expanding its line of vehicle telematics products with its recent launch of two new 4G fleet management products. These include the AX300 OBD tracker and AK500 telematics gateway. These both facilitate logistics operators improving management efficiency and reducing operating costs.

AX300 obtains Dual-CAN engine information for in-depth analysis of vehicle status

The AX300 OBD tracker, which has compact size, OBD interface and supports ISO 15765-4, ISO J1939, and SAE J1708 communication protocols. An RP1226 interface for newer trucks makes it suitable for both commercial vehicle and heavy machinery applications. Differing from typical on-board vehicle trackers that can only read a single CAN bus on the vehicle, the AX300 can read data from two CAN bus systems simultaneously to obtain more detailed key engine data, including mileage, speed, and fuel level. Parameters such as fuel volume, consumption and speed, engine speed, idle time and other data can assist fleet managers in conducting in-depth data analysis which can enable early detection of potential problems such as excess fuel consumption or engine temperature, abnormal driving behavior, and other factors. This allows for performing preventive maintenance and management of driving behavior to help significantly reduce operating costs.

AK500 full feature set for vehicle and driving management

The AK500 Telematics Gateway incorporates an LTE Cat. 4 ultra-high speed wireless mobile network with 2.4GHz and 5GHz WiFi sharing, Bluetooth, engine diagnosis and real time position monitoring among other functions. In addition it has multiple interfaces that can be connected to various sensors such as tire pressure monitors and ID card readers among others for various types of trucks, trailers and other vehicles that have multiple applications. In addition, driving hours can be displayed on Bluetooth-capable mobile devices such as mobile phones or tablets in order to comply with the US Federal Motor Carrier Safety Administration (FMCSA) mandatory requirement that all commercial vehicles be equipped with an Electronic Logging Device (ELD). This standard provides important assistance to the transportation industry for fleet management.

According to a Lucintel market research report, the market for GPS tracking devices in North America was about 718 million US dollars in 2021, and is expected to reach 1.09 billion US dollars by 2027. Zhenwen Zhao, deputy general manager of ATrack Technology, said that due to the fluctuating Covid pandemic situation over the past two years, transportation demand has varied greatly. The transportation industry is actively seeking innovation and digitization, hoping to enhance overall operational efficiency. ATrack accurately determines customer needs, adheres to rigorous product testing and quality control standards, and continues to actively develop new products.

The AX300 OBD tracker and AK500 telematics gateway provide a solution for trucks, heavy machinery and the logistics industry to help customers detect vehicle and machinery location in real time, which can speed up dispatch and avoid theft. They also facilitate understanding asset status through engine diagnosis to allow performing preventive maintenance to avoid interrupted vehicle operation as well as manage driving behavior, thereby improving driving safety, reducing fuel consumption, and reducing operating costs.

In addition, in order to help customers to remotely configure settings and firmware of numerous devices dispersed over multiple locations, ATrack provides their ADM (ATrack Device Management) platform, which allows administrators to easily manage a large number of devices to reduce management labor and cost.

ATrack’s AX300 LTE-M OBD Tracker and AK500 LTE Cat. 4 Telematics Gateway are available today to customers in the United States and Canada.
Learn more at ATrack website
AX300: https://www.atrack.com.tw/en/product/lte-m-obd-tracker-ax300
AK500: https://www.atrack.com.tw/en/product/telematics-gateway-ak500

About ATrack

Founded in January 2010 and listed on the TPEx in 2015, ATrack Technology is the world's leading brand of telematics products and services. With more than 20 years of accumulated technology experience, ATrack Technology is dedicated to providing GPS trackers that are certified by global communication networks and telecommunications providers. From product design, technology R&D, and manufacturing to the global marketing of its own brand, and by utilizing its own software and hardware R&D capabilities and flexible production strategies, ATrack Technology has established a highly customized R&D and production system while providing efficient technical support and after-sales services to customers. ATrack maintains a philosophy of pursuing excellence, which is reflected in our obtaining ISO 9001 and ISO 14001 certifications. We expect to achieve our ultimate goal of sustainable operations by continuously and actively improving and implementing top quality management and internal processes. Please visit the ATrack Technology website for more information on our brand and products.
http://www.atrack.com.tw

Chloe Wang
This email address is being protected from spambots. You need JavaScript enabled to view it.

The company’s first in-person user conference since 2019 showcased current and future initiatives designed to accelerate value, visibility, intelligence and automation up and down the shipment life cycle.

CARY, N.C.--(BUSINESS WIRE)--MercuryGate® International, Inc., (MercuryGate) the largest dedicated transportation and logistics management solutions provider, today announced record-setting attendance at its Velocity 2022 conference, where it showcased the expansion of capabilities in ocean freight visibility and global trade compliance with the acquisition of ClearTrack Information Network, the creation of new customer success teams and the future of intelligent transportation systems.

Hosted in-person for the first-time time in three years, Velocity 2022 was held November 7-9 in Scottsdale, Arizona, and featured more than 50 content-rich events including educational sessions and demos of MercuryGate’s latest product features, its near-term product roadmap, solution-focused roundtables, keynotes from industry experts, issue-oriented panel discussions among industry leaders and a tech social. More than 475 registrants representing shippers, logistics service providers, carriers, brokers and industry and product experts attended the record-setting event.

“The content and speaker lineup at our Velocity 2022 user conference reflected MercuryGate’s commitment to becoming more than a technology vendor for our customers, but a go-to partner for factory-to-consumer transportation management needs,” said President and CEO Joe Juliano. “Our new customer success initiative and the expansion of our shipment visibility capabilities underpins the goal of strategically aligning with customers and technology partners to deliver the best experience, address their greatest needs and deliver exceptional value for all shippers, logistics service providers, carriers and brokers within the MercuryGate platform.”

Day one of Velocity 2022 kicked off with a technology social featuring tabletop discussions led by MercuryGate functional subject matter experts and free-form roundtables on topical industry issues hosted by Velocity sponsors Convoy, Loadsmart and SMC3. Following the first series of breakout sessions, the day concluded with a reception presented by diamond-level event sponsors Amazon Freight and Surge Transportation.

Day two began with MercuryGate President & CEO Joe Juliano’s opening keynote recognizing the more than 600 customers across 120 countries that leverage MercuryGate to manage their transportation and logistics needs and facilitate more than 1.8 million deployments and one billion logins each year. Juliano went on to share several major announcements starting with the formation of a new customer success team which veteran MercuryGate product leader Jen Saunders will lead in the newly created role of executive vice president of customer success. This new department will focus on enhancing customer experience, delivery and product utilization to maximize the value derived from MercuryGate.

Juliano’s remarks also highlighted MercuryGate’s recent acquisition of ClearTrack Information Network to broaden capabilities in shipment life cycle visibility and execution as well as global sourcing compliance. The addition of ClearTrack makes possible global container, order and item level visibility as well as the monitoring, collection, creation and control of product sourcing compliance documentation. By combining ClearTrack’s visibility and sourcing compliance features with the industry-leading transportation management capabilities of the MercuryGate TMS, customers gain an industry-first: full lifecycle shipment visibility and transportation execution in a single platform. With the acquisition of ClearTrack, MercuryGate customers now process nearly $93 billion in freight under management annually inside the platform.

Gartner industry analyst Brock Johns followed Juliano’s keynote address. A senior principal analyst at Gartner on supply chain research, Johns’ research covers transportation technology with a focus on transportation management systems and freight audit and payment. He shared insights with attendees on the current and future state of logistics and key themes that will shape the industry’s near-term outlook.

The general session was followed by breakout sessions on a wide range of topics including shipment visibility, control tower, multimodal optimization, vehicle routing and scheduling, first-to-final mile, claims management and data strategy and co-presentations with sponsors Emerge, C.H. Robinson, Rockfarm Supply Chain Solutions and Envista. Attendees also convened for a panel discussion titled Keeping Pace with the Accelerated Pace of Change which featured panelists from Amazon Freight, Surge Transportation, Molnlycke Healthcare, Capgemini and Penske.

The third and final day of Velocity began with a fireside chat with Chief Technology Officer Beth Hendriks and Co-founder and Chief Innovation Officer Steve Blough. The pair discussed MercuryGate’s innovation roadmap over the past three years and its focus on resilience and agility through disruption with optimization and application improvements from the first-to-final mile. Hendriks shared MercuryGate’s vision for product development with initiatives focused on increased visibility combined with execution, continued investment in a single user interface incorporating all product capabilities and order-centric views built on a platform “shipping cart” concept.

Following Blough’s executive keynote, guest speaker Scott Kelly, a former NASA astronaut and retired U.S. Navy Captain shared how resilience and agility are keys to success in any industry when facing difficulties, disruptions or even possible disasters.

Kiosks showcasing MercuryGate partner capabilities, product demos and services were staffed throughout the event. The user conference wrapped up following more than 50 content sessions conducted that included 20 customers, a dozen sponsorship partners and numerous subject matter experts and executive leaders.

“The success of this year’s Velocity user conference – the largest in MercuryGate’s history – would not have been possible without the support of our sponsors and the tireless efforts of our employees, presenters and organizers,” said Chief Strategy Officer Jeffrey Varon. “We are grateful for their partnership and participation in the months leading up to the conference and look forward to continued and shared success as we create new and greater value for our customers through the MercuryGate transportation management platform.”

About MercuryGate

MercuryGate provides powerful transportation management solutions proven to be a competitive advantage for today’s most successful shippers, 3PLs, brokers and carriers. The comprehensive Software-as-a-Service (SaaS) product suite natively supports all transportation modes and segments, generating value for its users through improved cost, productivity and efficiency using artificial intelligence (AI), machine learning (ML) and connected technologies to adapt and automate transportation management functions. Learn how MercuryGate makes shipping intelligent, simple, sustainable and transformative for customers at www.mercurygate.com.

This email address is being protected from spambots. You need JavaScript enabled to view it.

• Floating production vessel expected to produce up to 3.4 million metric tons of LNG a year
• First development to produce from Mozambique’s Rovuma Basin
• New volumes add to ExxonMobil’s expanding global LNG portfolio

IRVING, Texas--(BUSINESS WIRE)--ExxonMobil announced the first cargo of liquefied natural gas (LNG) from the $8 billion Coral South floating LNG (FLNG) project offshore Mozambique, bringing additional LNG volumes to the global energy market.

Coral South produced its first LNG volumes in early October, following the FLNG’s on-schedule start-up. The Coral South FLNG is expected to produce 450 billion cubic meters of natural gas from the Coral reservoir in Mozambique’s Rovuma Basin — and to liquefy 3.4 million metric tons of that gas for transport, annually.

“The Coral South project will bring significant long-term economic value to the people of Mozambique,” said Peter Clarke, head of ExxonMobil’s LNG business. “Today’s first-cargo milestone is a testament to the hard work, continued investment and successful execution of our integrated consortium team. Mozambique is joining the ranks of global LNG producers and contributing to global LNG supplies at a time when the world needs it most.”

Lower-emissions LNG plays an increasingly important role in ExxonMobil’s portfolio. The company plans to nearly double its LNG offerings by 2030 as low-cost, capital-efficient projects like Coral South come online.

Coral South is operated by Eni, the Upstream Delegated Operator of the Area 4 consortium, which is comprised of Eni, ExxonMobil, CNPC, Galp, Kogas and ENH. Area 4 is operated by Mozambique Rovuma Venture S.p.A. (MRV), an incorporated joint venture owned by ExxonMobil, Eni and CNPC, which holds a 70% interest in the Area 4 Exploration and Production Concession Contract. Galp, KOGAS and Empresa Nacional de Hidrocarbonetos E.P. each hold a 10% interest.

About ExxonMobil

ExxonMobil, one of the largest publicly traded international energy and petrochemical companies, creates solutions that improve quality of life and meet society’s evolving needs.

The corporation’s primary businesses - Upstream, Product Solutions and Low Carbon Solutions - provide products that enable modern life, including energy, chemicals, lubricants, and lower-emissions technologies. ExxonMobil holds an industry-leading portfolio of resources, and is one of the largest integrated fuels, lubricants and chemical companies in the world. To learn more, visit exxonmobil.com and the Energy Factor.

Follow us on Twitter and LinkedIn.

Cautionary Statement:

Statements related to outlooks; projections; descriptions of strategic, operating, and financial plans and objectives; statements of future ambitions and plans; and other statements of future events or conditions, are forward-looking statements. Actual future results, including project plans, schedules, costs, returns, and capacities; ultimate recoveries; operating performance and demand projections could differ materially due to changes in market conditions affecting the oil and gas industry or long-term oil and gas price levels; political or regulatory developments; reservoir performance; timely completion of development projects; technical or operating factors; the outcome of future commercial negotiations, including final agreed terms and conditions; unforeseen technical or operating difficulties and unplanned maintenance; and other factors discussed under the heading "Factors Affecting Future Results" in the Investor Information section of our website (www.exxonmobil.com) and in Item 1A of our most recent Form 10-K. References to quantities of gas include volumes that are not yet classified as proved reserves under SEC rules but that we believe will be produced in the future. The term "project" as used in this release can refer to a variety of different activities and does not necessarily have the same meaning as under any government payment transparency reports.

ExxonMobil Media Relations
(972) 940-6007

The business will debut a new video each day highlighting new welding and fabrication products, automation and robotics solutions, industry shaping PPE products, and news

NORTH BETHESDA, Md.--(BUSINESS WIRE)--$ESAB #ESABCorporation--Today ESAB, an ESAB Corporation brand (NYSE: ESAB), and a world leader in welding and cutting equipment and consumables, announced the kick-off of its inaugural SparkWeek, a week-long, virtual launch event highlighting new welding and fabrication products. With 16 product unveils slated to go live between Monday, November 14 and Friday, November 18, SparkWeek is poised to redefine ESAB’s position in the global fabrication technology industries, bringing the business and its portfolio of brands into new segments and audiences.

“We are excited to host our inaugural SparkWeek and showcase innovations from across the ESAB portfolio which we know will move the fabrication industry forward with re-designed and state-of-the-art solutions for welders and metal fabricators around the world,” said Steven Molenda, ESAB’s Senior Director, Global MarCom and Marketing Strategies. “From game-changing portable welding products to industrial and automation product announcements, ESAB is continuing to redefine power, productivity, and performance in the fabrication industry.”

Each day of SparkWeek at 12 p.m. Eastern, ESAB will premiere a new announcement video at ESAB.com/SparkWeek, unveiling products around a particular theme. Viewers who attend the daily premieres will be able to ask ESAB global product managers questions in real-time. The event page will also feature information about the new products.

See the ESAB SparkWeek announcement schedule below:

• Monday, November 14: Portable Welding
• Tuesday, November 15: Software, Filler Metals, and Automation
• Wednesday, November 16: Cutting
• Thursday, November 17: PPE, Shop Welding, Industrial Productivity, and Gas Control
• Friday, November 18: Industry Changing New Product Announcement

For more information about SparkWeek and to sign up for daily alerts, visit ESAB.com/SparkWeek. For more information about ESAB Corporation, including its world leading portfolio of fabrication and gas control technology solutions, visit ESABcorporation.com.

About ESAB

ESAB is a world leader in fabrication technology. For more than 100 years ESAB has transformed industries built by fabricators, providing complete workflow solutions through our diverse portfolio of products from more than 40 of the most trusted brands in welding and cutting in the world. From industrial demands to repair and maintenance, innovators that shape the world, rely on ESAB’s portfolio. To learn more, visit ESAB.com.

About ESAB Corporation

ESAB Corporation (NYSE: ESAB) is a world leader in fabrication and gas control technology, providing our partners with advanced equipment, consumables, gas control equipment, robotics, and digital solutions which enable the everyday and extraordinary work that shapes our world. To learn more, visit ESABcorporation.com.

Corporate Media
Tilea Coleman
Vice President, Corporate Communications
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Phone: 1-301-323-9092

ESAB Trade Media
Chuck Schroeder
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Phone: 1-262-618-4427

Global leading cloud provider achieving more with less whilst doubling the use of clean energy at key data centers during the world’s largest global shopping festival

HANGZHOU, China--(BUSINESS WIRE)--Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, has once again excelled in its mission of supporting the group’s 11.11 Global Shopping Festival, thanks to its high-performance computing and innovative technology. Drawing on self-developed infrastructure upgrades, the group saw an 8% year-on-year saving in computing cost per resource unit from April 1 to November 11.

“The breadth and depth of cloud technology deployment during this year’s 11.11 has once again showcased Alibaba’s best cloud and technology practice; be it through fundamental architecture like self-proprietary technology powering high-performance computing and database products, or consumer-facing XR (extended reality) and livestreaming technologies. We intend to continue applying these proven capabilities to even better serve our customers and help them to be more efficient, innovative and greener in their own digital transformation journeys,” said Li Cheng, Chief Technology Officer (CTO) of Alibaba Group.

Doing more with less through cloud-native and serverless innovations

This year’s 11.11 was powered by Alibaba Cloud’s dedicated processing unit for the Apsara Cloud operating system. The upgraded infrastructure system, significantly improved efficiency of computing, storage and network in data centers supporting the event, while also reducing network latency. For example, with this new upgrade supported by cloud-native technology, ordering, pre-sale balance payment and refunding could be launched simultaneously with an enhanced scalability and lower latency.

During this year’s 11.11, the front page of Taobao, one of Alibaba’s e-commerce platforms, was upgraded by the latest serverless technology, allowing for automatic scaling with extreme elasticity based on actual workloads.

Alibaba Cloud’s cloud-native database products also significantly expanded the capacity of consumers’ shopping carts by more than a double, from 120 items to 300. The ApsaraDB for Redis Enhanced Edition (Tair), a cloud-based in-memory database service for enterprises, supports new functions such as product grouping and sorting, enabling consumers to organize their shopping cart according to their own preferences. They could also make use of the ‘select’ function to enjoy cross-merchant discounts, to pre-order goods and use vouchers for a more rewarding shopping experience.

Innovative technology delivers more immersive consumer experience

A more immersive shopping experience was created this year thanks to Alibaba’s proprietary technology in supporting extended reality. Alibaba’s technology in 3D modeling leverages a neural radiance field (NeRF), a neural network technology for generating novel views of complex 3D scenes. During this year’s 11.11, it assisted luxurious retail and furniture brands, like Burberry, Estee Lauder and SK-II, to build virtual stores on the e-commerce platform Tmall.

Through self-developed 3D renderings that realistically represent natural light, flames and natural flowing water, an outdoor nature scene was built for sportswear brands including Descente (Japan), to showcase its latest products in a vibrant and invigorating environment. Consumers can also view the products in three dimensions, enabling them to inspect details up close, or try on their chosen watches and accessories virtually thanks to AR technologies. Consumers are also free to arrange different items of furniture indoors, or tents for outdoor camping.

Another new expressive interaction came from an XR-powered marketplace on Tmall and Taobao. Using the automatic 3D space creation technology from Alibaba’s research institute DAMO Academy, a virtual shopping street was built, featuring over 700 products from 70 brands including 30 internationally-recognized franchises, such as Sanrio’s iconic Hello Kitty, and Hollywood’s franchise Minions. Shoppers can choose their own avatars, check out the products and place them in their virtual shopping carts.

During this year’s 12-day festival from October 31 to November 11, nearly 2 million packages were delivered by Xiaomanlv vehicles, Alibaba’s last-mile logistics vehicle. This is double the package delivery volume from the same period last year. The logistics robot was deployed in over 400 campuses across China, which has greatly reduced the time of queuing for package deliveries during peak hours.

A greener 11.11 powered by clean energy

In addition to its cloud computing solutions helping to reduce energy consumption, Alibaba Cloud’s five hyper-scale data centers across China also doubled the amount of clean energy used to support this year’s 11.11 compared to last year. More than 32 million kilowatt-hours of electricity used by Alibaba Cloud to support 11.11 this year came from renewable energy, up by 30% on a daily basis average compared to last year. Additionally, Alibaba Cloud's Heyuan data center, the cloud company’s largest hyper-scale data center in South China, now runs entirely on clean energy. Alibaba Cloud’s self-developed immersion cooling technology has reduced the energy consumption of the data centers, with power usage effectiveness (PUE) reaching as low as 1.09 - a world-leading level.

Alibaba Cloud has also worked with Tmall to leverage the carbon management platform, Energy Expert. It provided online carbon footprint modeling, calculations and certifications for more than 40 brands in various sectors, including paper & pulp, food and personal care, to help them categorize low-carbon products, identify carbon emission resources and conduct informed sustainability practices to reduce carbon emissions.

About Alibaba Cloud

Established in 2009, Alibaba Cloud (www.alibabacloud.com) is the digital technology and intelligence backbone of Alibaba Group. It offers a complete suite of cloud services to customers worldwide, including elastic computing, database, storage, network virtualization services, large-scale computing, security, management and application services, big data analytics, a machine learning platform and IoT services. Alibaba maintained its position as the third leading public cloud IaaS service provider globally since 2018, according to IDC. Alibaba is the world’s third leading and Asia Pacific’s leading IaaS provider by revenue in U.S. dollars since 2018, according to Gartner.

Xiaoyi Shao
Alibaba Group
+86 18658170996
This email address is being protected from spambots. You need JavaScript enabled to view it.

FREYR has selected and purchased a site in Coweta County, Georgia for multi-phase Giga America clean battery manufacturing project

• FREYR is announcing the development of the Giga America clean battery manufacturing facility based on the next-generation SemiSolid™ Lithium-Ion Battery Technology platform developed by 24M Technologies Inc (“24M”) in Boston, MA.

• The project is expected to be developed in multiple phases beginning with an initial battery cell production module of approximately 34 GWh at a preliminarily estimated capital investment of $1.7 billion.

• FREYR plans to undertake detailed plant engineering in the coming months, during which plans for the initial Gigafactory module will be finalized. The company and key stakeholders are evaluating additional value accretive upstream and downstream modules as well as a second cell production phase, which are expected to bring total capital investments to more than $2.6 billion by 2029. Over the life of the project, FREYR and its partners expect to create more than 720 U.S. jobs for highly skilled workers in Coweta County.

• FREYR has purchased the land for development of Giga America at the Bridgeport Industrial Park site in Coweta County, GA. The industrial zoned tract is 368 acres with options secured for further expansion. The site was selected for Giga America through a rigorous evaluation process based on key operational, logistical, and financial criteria. The Giga America site already offers substantial room for additional upstream and downstream development projects to further strengthen an anticipated strong cost position and improve the carbon footprint of the batteries produced.

• The development of Giga America positions FREYR to meet the rapidly growing customer demand for Energy Storage Systems (“ESS”) applications with U.S.-based conditional offtake partners. FREYR is seeing very strong interest for increased volume commitments through ongoing customer dialogues.

• FREYR is accelerating its previously planned U.S. expansion based on strong tailwinds in U.S. renewable energy development, an intensifying focus on grid stability initiatives, and the recently announced tax incentives associated with the Inflation Reduction Act. Projected U.S. demand is being augmented further by increased interest from existing and new customer dialogues in the commercial mobility and electric vehicle segments.

• FREYR is intensifying and broadening its financing efforts to support the expected capital commitments for the Giga America project in parallel with the ongoing construction of Giga Arctic in Mo i Rana, Norway; the evaluation of highly value accretive potential upstream and downstream modules in the Nordic region and the U.S.; and the continued development of FREYR’s organization.

• The State of Georgia and Coweta County are collectively providing strong financial incentives for the Giga America project. FREYR furthermore intends to apply with the U.S. Department of Energy for packages that could potentially include a grant and/or direct loan to assist with the development and possible acceleration of the project.

• FREYR is evaluating clean power supply solutions for Giga America with utility providers in the region, including the potential development of a dedicated solar plus storage facility.

• Giga America will leverage the 24M’s SemiSolid™ platform, which simplifies the production process of lithium-ion batteries significantly, enabling highly capital, labor, and energy efficient manufacturing at scale based on U.S. technology originating from MIT. FREYR’s project team in the U.S. intends to replicate the major elements of the Giga Arctic development, which will also be based on the 24M production platform, by maintaining a continuous technical dialogue with the company’s key personnel in Norway.

NEW YORK & OSLO, Norway & LUXEMBOURG--(BUSINESS WIRE)--FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, has announced the selection and purchase of a site in Coweta County, Georgia for its planned Giga America battery plant. The company selected the Bridgeport Industrial Park site through a rigorous evaluation process based on key operational, logistical, and financial criteria, including the suitability of the site to co-locate modular upstream and downstream projects with the Giga America cell manufacturing facility.

FREYR is planning to initiate detailed project engineering of Giga America in the coming months. The initial phase of Giga America is planned to be a cell production module of approximately 34 GWh based on the next-generation of 24M’s U.S.-based SemiSolid™ production platform at an initial projected capital cost of $1.7 billion. The company is also evaluating value accretive upstream and downstream modules as well as additional cell production lines that are expected to bring total capital investments to more than $2.6 billion through 2029. Upon completion of all the contemplated construction phases, the Giga America complex is expected to be one of the largest battery cell manufacturing developments globally.

“Today’s landmark announcement underscores FREYR’s ambition to develop a very strong and near-term operational footprint in the United States. Expanding into the U.S. has been a foundational aspect of FREYR’s long-term strategy from our inception, and with the recent passage of the Inflation Reduction Act, we expect U.S. demand for ESS, passenger EV and other electric mobility applications to grow rapidly over the next decade,” commented FREYR’s Co-Founder and Chief Executive Officer Tom Einar Jensen.

"Job creators and innovators from all over the world bring their operations to Georgia because they know they will have success here," said Governor Brian Kemp. "We're proud to welcome FREYR to the Peach State as the latest company to bring transformational investments and opportunity to our communities. They will be a valued addition to our No. 1 state for business, and I look forward to their growing impact on Coweta and the surrounding region."

“We are thrilled to welcome FREYR Battery to the Coweta County community,” said Coweta County Board of Commissioners Chairman Bob Blackburn. “With the addition of FREYR, Coweta County is quickly becoming a premier destination for top-tier manufacturing industries that support the U.S. economy and beyond. We look forward to the innovation, opportunities, and success that FREYR will generate.”

In accordance with FREYR’s ambitions to accelerate development of Giga America in parallel with the ongoing construction of Giga Arctic in Mo i Rana, Norway, the company is intensifying and broadening its financing efforts. The total package of financial incentives for Giga America includes robust assistance collectively provided by The State of Georgia and Coweta County in addition to the expected production tax credits associated with the recently passed Inflation Reduction Act. Additionally, FREYR intends to apply with the U.S. Department of Energy for packages that could include a grant and/or direct loans to assist with the development of Giga America.

The U.S. energy storage market, which is already the largest in the world, is expected to experience exponential growth over the next several years. According to Rystad Energy (“Rystad”), to satisfy a 1.6-degree scenario, cumulative collective storage demand of 4.5 TWh from the U.S. and Europe will be required through 2030. Under the same scenario, Rystad expects annual collective storage demand in the U.S. and Europe to reach 1.4 TWh by 2030, which represents a 34-fold increase from projected corresponding annual 2022 demand.

“At FREYR, we are deeply committed to decarbonizing the transportation and energy sectors. As we advance our U.S. expansion plan in cooperation with our key stakeholders, we expect to make meaningful investments to spur job creation and the eventual development of localized, decarbonized supply chains in the U.S. to enhance energy security and economic activity and meet the growing demand for energy storage solutions in the U.S. market,” added Jensen.

The Giga America project will be based on the SemiSolid™ technology of FREYR’s U.S.-based licensing partner, 24M. The SemiSolid™ platform enables capital and energy efficient production of lithium-ion batteries at scale.

FREYR is currently evaluating clean power supply solutions for the Giga America project with U.S. Independent Power Producers (“IPPs”). The company’s long-term ambition is to replicate the strategy employed at Giga Arctic to produce next-generation batteries that are among the cleanest anywhere in the world.

At 10:00 am EST (16:00 CET) FREYR Battery will host a launch event live from Coweta County, Georgia. The webcasted presentation will be streamed online in English. To join, please use the following link: https://vimeo.com/event/2591961

A recording of the event will be made available after the presentation on FREYR’s website and YouTube channel.

Video of Giga America initial concept: https://vimeo.com/769472495/99ac6163e7

About FREYR Battery

FREYR Battery aims to provide industrial scale clean battery solutions to reduce global emissions. Listed on the New York Stock Exchange, FREYR’s mission is to produce clean battery cells to accelerate the decarbonization of energy and transportation systems globally. FREYR has commenced building the first of its planned factories in Mo i Rana, Norway and announced potential development of industrial scale battery cell production in Vaasa, Finland, and the United States. FREYR intends to install 50 GWh of battery cell capacity by 2025 and 100 GWh annual capacity by 2028 and 200 GWh of annual capacity by 2030. To learn more about FREYR, please visit www.freyrbattery.com

Cautionary Statement Concerning Forward-Looking Statements

All statements, other than statements of present or historical fact included in this press release, including, without limitation, statements regarding the development of the Giga America project and its ability to deliver an initial battery cell production module of approximately 24 GWh; FREYR’s ability to realize the benefits of additional value accretive upstream and downstream modules; any expected capital investments and jobs created from the development of Giga America; any potential tax benefits and incentives under the Inflation Reduction Act; any projected U.S. demand for FREYR’s products and battery technology generally; FREYR’s ability to realize the benefits of its financing efforts; any potential benefits and incentives provided by The State of Georgia, Coweta County, and the U.S. Department of Energy; the scale, expansion, and arrangements for any FREYR production facilities in the U.S.; any potential benefits and production capabilities of 24M’s SemiSolid™ platform; FREYR’s plans to initiate detailed project engineering of Giga America; the potential development of a dedicated solar plus storage facility at Giga America; FREYR’s ability to generate innovation, opportunities, and success in The State of Georgia and Coweta County; any benefits realized by locating Giga America in The State of Georgia and Coweta County; the projected storage capacity in the U.S. due to the passage of the Inflation Reduction Act and any forecasts related to battery storage deployments in the U.S.; and FREYR’s expectations to make meaningful investments to spur job creation and the eventual development of local, decarbonized supply chains in the U.S. are forward-looking and involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results.

Most of these factors are outside FREYR’s control and difficult to predict. Information about factors that could materially affect FREYR is set forth under the “Risk Factors” section in (i) FREYR’s Registration Statement on Form S-3 filed with the Securities and Exchange Commission (the "SEC") on September 1, 2022, and (ii) FREYR’s annual report on Form 10-K filed with the SEC on March 9, 2022, available on the SEC’s website at www.sec.gov.

Investor contact:
Jeffrey Spittel
Vice President, Investor Relations
This email address is being protected from spambots. You need JavaScript enabled to view it.
Tel: (+1) 281-222-0161

Media contact:
Katrin Berntsen
Vice President, Communication and Public Affairs
This email address is being protected from spambots. You need JavaScript enabled to view it.
Tel: (+47) 920 54 570

Indonesia’s government security services to be equipped with premium fleet of electric motorcycles from Zero as part of presidential decree to host zero-emissions summit

SANTA CRUZ, Calif.--(BUSINESS WIRE)--Zero Motorcycles, the worldwide leader in electric motorcycles and powertrains, continues to drive the global transition to electric transportation with the completion of host-country Indonesia’s largest order of electric motorcycles in preparation for the G20 Summit in Bali. Nearly 300 new Zero Motorcycles have been delivered to Indonesia in preparation for the Summit this month. The use of an all-electric transportation fleet by the hosting government marks a new milestone for one of the world’s largest economies as it lessens its dependency on fossil fuels and moves toward net-neutral emissions.

The G20 is a global forum that includes 19 countries and the European Union, representing the world’s 20 largest economies or trade unions. The main goals of the G20 Summit are to address issues with the global economy including financial stability, climate change, and overall sustainability. In an effort to achieve zero emissions for this year’s Summit in Bali, Indonesia’s President, Joko Widodo, called for the entirety of the government’s transportation used during the events to be electric vehicles. As the world’s leading supplier of full-sized motorcycles that are fully electric, Zero Motorcycles was selected to equip the National Police and the Indonesian National Armed Forces, which includes the Presidential Security Force, with premium EV models.

“Meeting the ambitious zero-emissions goals set by President Joko Widodo was made possible thanks to the excellent partnership with both Zero Motorcycles and the Indonesian government, both organizations that are highly motivated to be leaders in transitioning away from fossil fuels,” said Harun Sjech, CEO of PT, Elektrick Motoriz Global, the importer of record for Zero Motorcycles in Indonesia. “We are extremely proud to have delivered all of these motorcycles and we look forward to building on our relationships with both Zero and the Indonesian government.”

Heading into the 2022 G20 Summit, Zero Motorcycles fulfilled the order of nearly 300 electric motorcycles. The Zero DSRP (Police) motorcycle available exclusively to global fleet operators and authority forces, plus the widely available SR/S and SR/F premium models that had been modified for tactical use by the Indonesian security apparatus, were all included as part of the governmental purchase order.

“We applaud President Widodo and the entire Indonesian government for their clear vision, admirable climate leadership goals, and for the speed with which they sought to equip and train their staff for the G20 Summit,” said Sam Paschel, CEO of Zero Motorcycles. “The G20 is an extremely important platform and being able to deliver a large fleet of reliable electric motorcycles for the event is a credit to our amazing team, and a benefit for the entire world.”

Zero Motorcycles was founded in 2006, operates in over 40 countries, and has 10 full-sized consumer models built on three different platforms for both street and dual-sport use. With models specifically designed for fleet use and currently deployed by over 240 US-based agencies and scores more worldwide, Zero outfits more fleets than any other two-wheeled EV manufacturer in the world.

About Zero Motorcycles

Zero Motorcycles is the global leader in electric motorcycles and powertrains. Designed and crafted in California, Zero Motorcycles combines Silicon Valley technology with traditional motorcycle soul to elevate the motorcycling experience for forward thinking riders around the world.

Natalie Kahn
This email address is being protected from spambots. You need JavaScript enabled to view it.
(858) 245-4238

New Tesla CCS Combo 1 Adapter enables drivers to take advantage of Autocharge+ technology and high-power charging across the EVgo network

LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (NASDAQ: EVGO) (EVgo), one of the nation’s largest public fast charging networks for electric vehicles (EVs), today unveiled a new promotional charging plan exclusively for Tesla Model S, 3, X and Y drivers and announced that Autocharge+ is available for Tesla drivers with the CCS Combo 1 Adapter at nearly all EVgo DC fast charging locations.

All Tesla drivers can enroll in the new limited time Tesla Plus Promo plan via the EVgo app and drivers with the CCS Combo 1 Adapter can enroll in Autocharge+ for automatic session initiation and billing. Capable of charging up to 250kW and compatible with most Tesla vehicles on the market, the new adapter unlocks access to high-power charging for Tesla drivers on the EVgo network —and gives them a seamless charging experience with the added benefit of the EVgo app that allows drivers to monitor their charging sessions, view real-time charger availability, reserve chargers and more.

The new promotional plan gives Tesla drivers a free three-month trial of the EVgo Plus subscription plan, which offers access to lower charging rates and free charger reservations at select stations with EVgo Reservations™. While this offer is available exclusively for Tesla drivers, both new customers and existing Tesla EVgo customers can sign up for the promotion via the EVgo app. This limited time promotion is valid through December 31, 2022.

“EVgo launched Autocharge+ to give EV drivers a simple and seamless charging experience at our DC fast charging locations,” said Cathy Zoi, CEO at EVgo. “Combining the innovations of Autocharge+ with the release of the CCS Combo 1 Adapter and our new promotional charging plan, Tesla drivers can take advantage of high-power charging on the EVgo network in convenient locations across the U.S.”

To enroll in the Tesla Plus Promo plan and Autocharge+, Tesla drivers need to download the EVgo app and add their Tesla VIN in the vehicle section. To complete enrollment in Autocharge+, drivers must plug into an EVgo charger with the adapter. For additional details around the EVgo Tesla Plus Promo Plan, click here. For more information about Autocharge+, click here.

About EVgo

EVgo (Nasdaq: EVGO) is a leader in charging solutions, building and operating the infrastructure and tools needed to expedite the mass adoption of electric vehicles for individual drivers, rideshare and commercial fleets, and businesses. Since its founding in 2010, EVgo has led the way to a cleaner transportation future and its network has been powered by 100% renewable energy since 2019 through renewable energy certificates. As one of the nation’s largest public fast charging networks, EVgo’s owned and operated charging network features over 850 fast charging locations – currently serving over 60 metropolitan areas across more than 30 states – and continues to add more DC fast charging locations through EVgo eXtend™, its white label service offering. EVgo is accelerating transportation electrification through partnerships with automakers, fleet and rideshare operators, retail hosts such as grocery stores, shopping centers, and gas stations, policy leaders, and other organizations. With a rapidly growing network, robust software products and unique service offerings for drivers and partners including EVgo Optima™, EVgo Inside™, EVgo Rewards™, and Autocharge+, EVgo enables world-class charging experience where drivers live, work, travel and play.

For Investors:
This email address is being protected from spambots. You need JavaScript enabled to view it.

For Media:
This email address is being protected from spambots. You need JavaScript enabled to view it.

CAMPBELL, Calif.--(BUSINESS WIRE)--ChargePoint Holdings, Inc. (NYSE:CHPT), a leading electric vehicle charging network, today announced it will release financial results for the third quarter ended October 31, 2022, after market close on December 1, 2022. ChargePoint management will host a conference call to review its financial results at 1:30 p.m. Pacific time (4:30 p.m. Eastern time) on the same day.

A live webcast of the conference call will be accessible from the “Events and Presentations” section of ChargePoint’s investor relations website (investors.chargepoint.com) on December 1, 2022. A replay will be available after the conclusion of the webcast and archived for one year. A copy of the press release with the financial results will also be available on ChargePoint’s investor relations website prior to the commencement of the webcast.

About ChargePoint

ChargePoint is creating a new fueling network to move people and goods on electricity. Since 2007, ChargePoint has been committed to making it easy for businesses and drivers to go electric with one of the largest EV charging networks and a comprehensive portfolio of charging solutions. The ChargePoint cloud subscription platform and software-defined charging hardware are designed to include options for every charging scenario from home and multifamily to workplace, parking, hospitality, retail and transport fleets of all types. Today, one ChargePoint account provides access to hundreds of thousands of places to charge in North America and Europe. To date, more than 133 million charging sessions have been delivered, with drivers plugging into the ChargePoint network on average every second. For more information, visit the ChargePoint pressroom, the ChargePoint Investor Relations site, or contact the This email address is being protected from spambots. You need JavaScript enabled to view it. or This email address is being protected from spambots. You need JavaScript enabled to view it..

CHPT-IR

ChargePoint Holdings, Inc.

Press
AJ Gosselin
Director, Corporate Communications
This email address is being protected from spambots. You need JavaScript enabled to view it.
This email address is being protected from spambots. You need JavaScript enabled to view it.

Investor Relations
Patrick Hamer
VP, Capital Markets and Investor Relations
This email address is being protected from spambots. You need JavaScript enabled to view it.
This email address is being protected from spambots. You need JavaScript enabled to view it.

HARTFORD, Conn.--(BUSINESS WIRE)--The Travelers Companies, Inc. (NYSE: TRV) today announced it has once again been named a Best for Vets Employer by Military Times, as well as a Military Friendly® Employer and Military Friendly® Spouse Employer by VIQTORY.

“These recognitions demonstrate our steadfast commitment to creating a welcoming environment for the military community,” said Diane Kurtzman, Executive Vice President and Chief Human Resources Officer at Travelers. “Service members and their families add incredible value to our workforce, and we’re proud to support them.”

Travelers offers a robust suite of military-friendly programs and benefits, including:

• An employee resource group focused on building awareness of veterans’ skills and experiences. Since its launch in 2013, the Military and Veterans & Allies Diversity Network has grown to more than 3,100 members.
• A recruiting initiative designed specifically to help military spouses. Since 2020, the company has hired more than 200 military spouses and recently created a forum where they can come together to share tips, exchange resources and offer support to one another.
• A partnership with American Corporate Partners, a national nonprofit that helps veterans discover their next careers. Since 2010, Travelers employees have mentored hundreds of post-9/11 veterans.
• Comprehensive benefits for employees deployed on active duty, which include full benefits that are in addition to supplementing employees’ military pay for up to five years of their deployment.

The company has also signed the Statement of Employer Support of the Guard and Reserve at both state and national levels and is part of the Department of Defense Military Spouse Employment Partnership. In addition, Travelers was named a 2021 Employer for Outstanding Support by the U.S. Navy Reserve.

To learn more about Travelers and its commitment to recruiting military service members, visit Travelers.com/military.

About Travelers

The Travelers Companies, Inc. (NYSE: TRV) is a leading provider of property casualty insurance for auto, home and business. A component of the Dow Jones Industrial Average, Travelers has approximately 30,000 employees and generated revenues of approximately $35 billion in 2021. For more information, visit Travelers.com.

Media:
Courtney Garro, 860.277.8719
This email address is being protected from spambots. You need JavaScript enabled to view it.