Articles by: Mark Gorman

DGAP-Adhoc: Capital Stage AG announces a voluntary takeover offer for CHORUS Clean Energy AG

May 29, 2016 at 6:51 am Comments are Disabled
CHORUS Clean Energy AG / Key word(s): Merger

30.05.2016 08:47

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Ad hoc Announcement according to § 15 WpHG

Capital Stage AG announces a voluntary takeover offer for CHORUS Clean
Energy AG

Neubiberg/Munich, May 30,2016. Capital Stage AG, Hamburg, (‘Capital
Stage’), listed on the regulated market (Prime Standard) of the Frankfurt
Stock Exchange, intends to submit a voluntary takeover offer to the
shareholders of CHORUS Clean Energy AG (‘CHORUS’) for all outstanding
shares of CHORUS and to offer five (5) shares of Capital Stage for three
(3) shares of CHORUS. With the successful execution of the takeover offer
one of the leading independent operators of solar and wind power plants in
Germany and Europe with a portfolio of solar and wind parks with a total
capacity of more than 900 Megawatts (MW) would be created.

CHORUS has signed a business combination agreement with Capital Stage
concerning the intended transaction. In the combination agreement the
parties have agreed on the core elements of the transaction, the terms of
the support for the transaction by CHORUS and a common understanding
regarding the future business cooperation between CHORUS and Capital Stage
in case of a successful completion of the takeover.

CHORUS has been informed by the Chairman of the Supervisory Board Peter
Heidecker and the Members of the Management Board, that PELABA
Anlagenverwaltungs GmbH & Co. KG and PELABA Ökofinanz GmbH, both attributed
to the Chairman of the Supervisory Board Peter Heidecker, as well as the
Members of the Management Board have each contractually committed to accept
the offer for the shares in CHORUS they own directly or indirectly
(together around 15%).

Over the course of the process, the Management Board and the Supervisory
Board will provide a statement in accordance with their legal obligations
on the offer document which is to be published by Capital Stage. Subject to
the review of the offer document the Management Board and the Supervisory
Board of CHORUS intend to support the planned takeover offer on the basis
of the business combination agreement.

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Information and Explanation of the Issuer to this News:

Contact us:
Stephan Castenholz (Investor Relations)
CHORUS Clean Energy AG
Tel.: +49-89-442-3060-0
Fax: +49-89-442-3060-11
E-mail: IR(at)chorus.de

30.05.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap.de

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Language: English
Company: CHORUS Clean Energy AG
Prof.-Messerschmitt-Straße 3
85579 Neubiberg / Munich
Germany
Phone: +49 (0)89 442 30 60 – 0
Fax: +49 (0)89 442 30 60 – 11
E-mail: info@chorus.de
Internet: www.chorus-gruppe.de
ISIN: DE000A12UL56
WKN: A12UL5
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart,
Tradegate Exchange

End of Announcement DGAP News-Service

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DGAP-Adhoc: Capital Stage announces voluntary public takeover offer for all outstanding shares of CHORUS Clean Energy AG

May 29, 2016 at 6:17 am Comments are Disabled
Capital Stage AG / Key word(s): Offer/Offer

30.05.2016 08:15

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

—————————————————————————

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE NOT FOR RELEASE,
PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY
JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT
LAWS OF SUCH JURISDICTION.

Capital Stage announces voluntary public takeover offer for all outstanding
shares of CHORUS Clean Energy AG

Exchange offer and capital increase in kind in conjunction with the
announced voluntary public takeover offer by Capital Stage AG for all
outstanding shares of CHORUS Clean Energy AG; conclusion of a Business
Combination Agreement between Capital Stage AG and CHORUS Clean Energy AG
as well as conclusion of tender commitment agreements with the largest
shareholder and the Management Board of CHORUS Clean Energy AG

Hamburg, May 30, 2016 – Management Board and the Supervisory Board of SDAX-
listed Hamburg-based solar and wind park operator Capital Stage AG
(“Capital Stage”; ISIN DE0006095003) decided to offer the shareholders of
CHORUS Clean Energy AG (“CHORUS”) the acquisition of all their share
capital by way of a voluntary public takeover offer in the form of an
exchange offer (the “Takeover Offer”). Additionally, Capital Stage and
CHORUS signed today a Business Combination Agreement. At the same time,
Capital Stage entered into tender agreements with certain shareholders of
CHORUS, in which these shareholders undertake to accept the takeover offer
of Capital Stage for their CHORUS shares (so-called “Tender Commitments”).

Public takeover offer by Capital Stage for all outstanding shares of CHORUS

Capital Stage intends to offer the shareholders of CHORUS five (5) new no-
par value bearer shares of Capital Stage, each representing a pro rata
amount of the registered share capital of EUR 1.00 and a right to dividends
as of 1 January 2016 (the “Capital Stage Shares”) from the capital increase
in kind (the “Capital Increase”), still to be resolved by the General
Meeting, in exchange for every three (3) CHORUS shares tendered to Capital
Stage in the context of the Takeover Offer, subject to the final
determination of a minimum offer price and the final terms in the offer
document.

Business Combination Agreement between Capital Stage and CHORUS

In relation to the Takeover Offer, Capital Stage and CHORUS have entered
into a Business Combination Agreement on May 30, 2016 in which both
companies have stipulated their current understanding in terms of the
execution of the Takeover Offer and the general support of the Takeover
Offer by the Management Board of CHORUS. The joint goal of the transaction
is to create a leading independent operator of wind and solar parks in
Germany, including asset management operations. Subject to a review of the
offer document including a final review of the adequacy of the exchange
ratio, the Management and Supervisory Boards of CHORUS intend to support
the Takeover Offer and to recommend the CHORUS shareholders to accept the
Takeover Offer.

Tender commitment agreements with the largest shareholder and the
Management Board of CHORUS

Today, Capital Stage entered into Tender Commitments with Peter Heidecker,
chairman of the supervisory board and largest shareholder of CHORUS, as
well as the management board members of CHORUS (together referred to as the
“Package Shareholders”), who own in total approximately 15% of the shares
and voting rights of CHORUS. In these agreements, the Package Shareholders
irrevocably undertake to tender their CHORUS shares in connection with the
Takeover Offer.

Capital Increase of Capital Stage

The new Capital Stage shares under the Takeover Offer shall be created by
way of a capital Increase in kind still to be resolved and excluding
Capital Stage shareholders subscription rights. For the purpose of
resolving the capital Increase, Capital Stage will convene an extraordinary
General Meeting at short notice, presumably on July 8, 2016. At the
extraordinary General Meeting, Capital Stage’s share capital shall be
increased by up to EUR 46,174,916.00 against contribution in kind by
issuing up to 46,174,916 no-par value bearer shares each representing a pro
rata amount of the registered share capital of EUR 1.00.

One or more exchange trustees shall subscribe the new shares. The
trustee(s) will contribute the CHORUS shares offered for exchange under the
Takeover Offer (if subject to the Capital Increase) as a contributor in
kind with Capital Stage and transfer the new Capital Stage shares to the
shareholders accepting the Takeover Offer.

Important information:

This announcement is neither an offer to exchange nor a solicitation of an
offer to exchange CHORUS Shares. Moreover, this announcement is neither an
offer to purchase nor a solicitation to purchase any shares of Capital
Stage AG.

To the extent this announcement contains forward-looking statements, also
with respect to the Takeover Offer, such statements do not represent facts
and are characterised by the words “will”, “expect”, “believe”, “estimate”,
“intend”, “aim”, “assume” or similar expressions. Such forward-looking
statements express the intentions, opinions or current expectations and
assumptions of Capital Stage AG and the persons acting in concert with
Capital Stage AG. Such forward-looking statements are based on current
plans, estimates and forecasts which Capital Stage AG and the persons
acting in concert with Capital Stage AG have made to the best of their
knowledge, but which do not claim to be correct in the future. Forward-
looking statements are subject to risks, uncertainties and changes in the
accompanying circumstances that for the most part are difficult to predict
and usually cannot be influenced by Capital Stage AG or the persons acting
in concert with Capital Stage AG. These expectations and forward-looking
statements can prove to be incorrect and the actual events may differ
materially from those contained in such forward-looking statements. Capital
Stage AG and the persons acting in concert with Capital Stage AG do not
assume an obligation to update the forward-looking statements with respect
to actual developments, events, basic conditions, assumptions or other
factors.

This announcement is published in German and as an English translation. In
the event of any conflict or inconsistency between the English and the
German versions, the German version shall prevail.

Hamburg, May, 30 2016

Capital Stage AG

The Management Board

Contact:

Capital Stage AG
Till Gießmann
Head of Investor & Public Relations
Tel.: + 49 (0)40 37 85 62-242
Fax: + 49 (0)40 37 85 62-129
E-Mail: till.giessmann@capitalstage.com

30.05.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap.de

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Language: English
Company: Capital Stage AG
Große Elbstraße 59
22767 Hamburg
Germany
Phone: +49 4037 85 62 -0
Fax: +49 4037 85 62 -129
E-mail: info@capitalstage.com
Internet: www.capitalstage.com
ISIN: DE0006095003
WKN: 609500
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Hamburg;
Regulated Unofficial Market in Berlin, Dusseldorf, Munich,
Stuttgart

End of Announcement DGAP News-Service

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Solar installations gain from strategic alliance of Overland Contracting Inc. and Schletter Inc.

May 26, 2016 at 1:00 pm Comments are Disabled

OVERLAND PARK, Kan., May 27, 2016 (GLOBE NEWSWIRE) — Overland Contracting Inc. (OCI), a wholly owned subsidiary of engineering and construction company Black & Veatch, announced today it has formed a strategic alliance with Schletter Inc., an industry-leading provider of solar mounting systems, to address the growing market for high-quality solar photovoltaic (PV) installation projects.

Schletter produces ground mount and rooftop solar mounting systems used in utility, commercial and residential solar applications. The collaboration will combine Schletter’s production expertise with OCI’s deep engineering and construction experience to give clients a turnkey solution for large-scale solar photovoltaic deployments.

“Schletter is a recognized leader in providing the mounting systems that support the increasing use of solar technology to sustainably generate power,” said Tom Phillips, Vice President and Director of Renewable Energy at Black & Veatch. “Pairing their industry-leading racking solution with our reputation for the safe, effective and reliable construction of power projects will give our clients a significant advantage.”

Black & Veatch’s 2015 Strategic Directions: Electric Industry Report found that a large number of U.S. electric utilities believe that by 2020, up to 10 percent of all U.S. power generation will come from distributed generation, including solar photovoltaic – a rise from today’s 5 percent of total generation. That will further raise demand for solar panels and the mounting hardware and installation necessary for their deployment.

“We believe this partnership will greatly benefit our clients, particularly those in the utility scale sector,” said Dennis Brice, President and Chief Executive Officer of Schletter Inc. “With Black & Veatch’s reputation for employing world-class best practices in construction and Schletter’s reputation for manufacturing robust, high-quality ground mount systems, our customers will enjoy the benefits of an unparalleled, professional combination that will provide a best-in-class project completion cycle experience while complying with budgetary constraints.”

Editor’s notes: 

About Overland Contracting Inc. (OCI)
Overland Contracting Inc., a Black & Veatch company, provides construction services in the open and merit shop markets. Since 1996, OCI has been an industry leader in building vital infrastructure. OCI provides a wide range of construction services in the areas of power generation, power delivery, telecommunications and water. Services are tailored to fit our clients’ project-specific needs and are available through direct hire or subcontract options. Follow OCI at http://www.overlandcontracting.com/

About Black & Veatch
Black & Veatch is an employee-owned, global leader in building critical human infrastructure in Energy, Water, Telecommunications and Government Services. Since 1915, we have helped our clients improve the lives of people in over 100 countries through consulting, engineering, construction, operations and program management. Our revenues in 2015 were US$3 billion. Follow us on www.bv.com and in social media.

About Schletter, Inc.
Schletter (www.schletter.us) has designed, developed, and manufactured solar mounting products in the U.S. since 2008, while backed with more than 20-years of solar mounting experience from Schletter GmbH. Since opening its United States facility in Tucson, Arizona Schletter Inc. has manufactured more than 1 GW of installed PV mounting systems. Schletter Inc. offers products for roof mount and ground mount systems for residential, commercial, and utility scale photovoltaic systems. Schletter Inc. is an independent subsidiary of Schletter GmbH, which operates subsidiaries in eleven countries with more than 1,300 employees worldwide. For more information on Schletter Inc., please visit www.schletter.us.

CONTACT: Media Contact Information:
CHRISTOPHER CLARK | +1 913-458-2778 P | +1 816-674-0572 M | ClarkCA@bv.com
24-HOUR MEDIA HOTLINE | +1 866-496-9149

AVANGRID Renewables – PRESS STATEMENT – Legal response to the initial Administrative Law Judge (ALJ) recommendations to FERC

May 25, 2016 at 8:49 pm Comments are Disabled

PORTLAND, Ore., May 26, 2016 (GLOBE NEWSWIRE) — The following are verbatim excerpts from our legal response to the initial Administrative Law Judge (ALJ) recommendations to FERC regarding a 2001 California rate case issue and are intended to help provide a framework for the basis of our response: (Please note that Iberdrola Renewables has recently undergone a legal name change to Avangrid Renewables)

1. The Presiding Judge correctly finds that Iberdrola did not engage in any unlawful activity in the spot market. (p18)

2. The Initial Decision correctly determined that the Iberdrola Contract was the product of nothing other than fair, arms-length negotiations, and that the contract was untainted by unlawful conduct. (p68)

3. [I]t is undisputed that the Energy Crisis ended with the Commission’s June 19, 2001, mitigation order, and that by July 6, 2001, when the Iberdrola contract was signed, spot market volatility had ended and futures prices had largely returned to pre-Crisis levels. (p3) The Commission correctly determined in 2002 that the long-term contracts signed after June 19, 2001, were not impacted by dysfunction, whether generic or specific to any seller, and the Initial Decision confirms, once more, that the Iberdrola Contract was not affected by unlawful conduct. (p7)

4. The Initial (ALJ) Decision contains both findings of fact and conclusions of law that directly contravene and ignore Supreme Court precedent and Commission precedent and policies promoting contract sanctity and underlying the Commission’s market-based rate regime. (p7)
 
This will serve as our only public statement at this stage of the legal proceedings.
 
About Avangrid Renewables: Avangrid Renewables, LLC is a subsidiary of AVANGRID, Inc. (NYSE:AGR) and part of the IBERDROLA Group. Iberdrola, S.A., is an energy pioneer with the largest renewable asset base of any company in the world. Avangrid Renewables, LLC is headquartered in Portland, Ore., and has more than $10 billion of operating assets totaling more than 6,000 MW of owned and controlled wind and solar generation in 19 U.S. states. Avangrid Renewables, LLC recently changed its legal name from Iberdrola Renewables, LLC, and is in the process of implementing a rebranding effort. For more information, visit www.iberdrolaren.com.
 
About AVANGRID: AVANGRID, Inc. (NYSE:AGR) is a diversified energy and utility company with more than $30 billion in assets and operations in 25 states. The company operates regulated utilities and electricity generation through two primary lines of business. Avangrid Networks includes eight electric and natural gas utilities, serving 3.1 million customers in New York and New England. Avangrid Renewables operates 6.3 gigawatts of electricity capacity, primarily through wind power, across the United States. AVANGRID employs 7,000 people. The company was formed by a merger between Iberdrola USA and UIL Holdings Corporation in 2015. IBERDROLA S.A. (Madrid: IBE), a worldwide leader in the energy industry, owns 81.5% of AVANGRID. For more information, visit www.avangrid.com.

CONTACT: Art Sasse
         Avangrid Renewables' Director of Communications and Brand
         1125 NW Couch Street, Suite 700; Portland, OR  97209
         Telephone: (503) 796-7740;  
         Mobile (503) 475-0330
         art.sasse@iberdrolaREN.com

Solar Tracker Market Is Anticipated To Reach USD 2.14 Billion By 2020 : Radiant Insights,Inc

May 25, 2016 at 9:00 am Comments are Disabled

San Francisco, May 26, 2016 (GLOBE NEWSWIRE) — The global solar tracker market is expected to reach USD 2.14 billion by 2020. Solar photovoltaic (PV) technology dominated the solar tracking market accounting for over 49 % of the total installed capacity in 2013. Solar PV is employed for to minimize the angle of incidence between a PV panel and the incident sun rays.

 

Browse Full Research Report With TOC on http://www.radiantinsights.com/research/solar-tracker-market-analysis-by-technology-solar-pv-cpv-csp-by-product-single-axis-dual-axis-by-application-utility-non-utility-and-segment-forecasts-to-2020

 

Europe continued its dominance in global solar tracker market and accounted for over 28% of the total installed capacity in 2013. Increasing environmental norms and governmental regulations for using conventional fossil fuels were major factors that led to the development of solar power plants. The increasing acreages of solar power plants further boosted the solar tracker market growth. Latin America is anticipated to be the fastest growing regional market, at an estimated CAGR of 22.5% from 2014 to 2020. Increasing demand for electricity and rising concerns for sustainable and renewable energy, especially in Brazil, Mexico and Argentina is anticipated to augment the solar tracker market growth over the next six years.

 

Further key findings from the study suggest:

  • Global solar tracker market installed capacity was 2,874.2 MW in 2013 and is expected to reach 6,998.8 MW by 2020, growing at a CAGR of 12.2% from 2014 to 2020.
  • Concentrated photovoltaic (CPV) is expected to be the fastest growing technology for solar tracker market and is anticipated to grow at a CAGR of 18.1% from 2014 to 2020. Increasing demand for accurate tracking and capture of maximum solar energy in solar power plants is expected to fuel the demand for CPV technology over the next few years.
  • Single axis solar trackers are the most widely used products in the market. Increasing applications of these trackers owing to their flexibility to align in any direction and advancements in technology have been the key factors responsible for the increase in demand.
  • Utility was the largest application segment for the solar tracker market and accounted for over 80% to the total installed capacity. Increasing capacities of solar powered large scale industries have been the key driving factor for the growth of solar tracker market for utility applications. Non-utility applications are expected to have the fastest growth rates over the next six years.
  • The global solar tracker market is moderately fragmented with the top four companies including Haosolar Co. Ltd, Abengoa Solar, Sun Power and Grupo Clavijo accounting for just over 45% of the global installed capacity in 2013. Other significant companies include PV Powerway, Energia Ercam, Mecasolar, First Solar, AllEarth Renewables, Array technologies, DEGERenergie, Titan Tracker, SmartTrak, Mechatron and Soitec.

 

Browse All Reports of This Category at: http://www.radiantinsights.com/catalog/energy-alternative-sources

 

Global Solar Tracker Market Technology Outlook (Capacity, MW, 2012 – 2020)

  • Solar PV
  • CPV
  • CSP

 

Global Solar Tracker Market Product Outlook (Capacity, MW, Revenue, USD Million, 2012 – 2020)

  • Single Axis
  • Dual Axis

 

Global Solar Tracker Market Application Outlook (Capacity, MW, 2012 – 2020)

  • Utility
  • Non-utility

 

Request A Sample Copy Of This Report at: www.radiantinsights.com/research/solar-tracker-market-analysis-by-technology-solar-pv-cpv-csp-by-product-single-axis-dual-axis-by-application-utility-non-utility-and-segment-forecasts-to-2020#tab4

 

Global Solar Tracker Market Regional Outlook (Capacity, MW, 2012 – 2020)

  • North America
    • S.
    • Canada
  • Europe
    • Germany
    • Spain
  • Asia Pacific
    • China
    • India
    • Japan
  • Latin America
    • Brazil
  • MEA

 

Explore Other Reports By Radiant Insights,Inc at

  • Metabolomics Technologies Market –

http://www.radiantinsights.com/research/metabolomics

 

  • Stem Cell Research Market –

http://www.radiantinsights.com/research/stem-cell-research

 

About Radiant Insights

Radiant Insights is a market research and consulting company offering syndicated research studies, customized reports, and consulting services. Our market research studies are designed to facilitate strategic decision making, on the basis of extensive and in-depth quantitative information, supported by extensive analysis and industry insights. Using a patented and robust research methodology, we publish exhaustive research reports covering a host of industries such as Technology, Chemicals, Materials, and Energy.Radiant Insights has a strong base of analysts, consultants and domain experts, with global experience helping us deliver excellence in all research projects we undertake.

 

Contact Details:

Michelle Thoras                          

Corporate Sales Specialist, USA

Radiant Insights, Inc

Phone: 1-415-349-0054

Toll Free: 1-888-202-9519

Email: sales@radiantinsights.com                                                      

Web: http://www.radiantinsights.com/

Strong growth and improved adjusted EBIT

May 25, 2016 at 5:30 am Comments are Disabled
· Net sales increased 26% to MSEK 149.6 (118.9).
· Adjusted* EBIT rose 32% to MSEK 15.3 (11.6).
· Adjusted* EBIT margin amounted to 10.2% (9.8).
· Adjusted* net income was MSEK 12.1 (9.1).
· Adjusted* earnings per share amounted to MSEK 1.21 (0.91).

*) Adjusted for items affecting comparability of MSEK -12.6 in EBIT and MSEK
-9.8 in net income related to the IPO.

Stefan Jonsson, President and CEO:

We achieved a significant increase in sales in the quarter, driven by strong
growth in Sweden and Other markets. EBIT and the EBIT margin, adjusted for non
-recurring IPO-related items, improved due to volume growth combined with a
stable level of expenses.

Net sales for GARO Sweden rose 17%, with solid increases in all product
segments, and net sales rose 43% in GARO Other markets. It is pleasing to see
that also new products and product areas are really taking off. Especially
pleasing is to see that the product area EV charging is growing strongly. The
Solar Energy area – for which we delivered our largest ever order in Sweden
during the quarter – is also worth mentioning.

In general, GARO sees a continued healthy demand scenario in both of the Group’s
market segments and in the four product areas. External factors, such as changes
in the economic climate, currency concerns and political decisions could impact
future sales and profitability. Overall, we have a positive outlook on the
company’s performance in 2016.

Gnosjö, May 26, 2016

For more information, please contact:

Stefan Jonsson, President and CEO: +46 70 588 66 73
Lars Kvarnsund, CFO: +46 070 516 59 98
Patrik Linzenbold, IR Director: +46 708 25 26 30

The information in this press release of the type that GARO is obligated to
disclose in accordance with the Swedish Securities Market Act and/or the
Financial Instruments Trading Act. The information was published on May 26, at
7:30 a.m.

GARO develops, manufactures and supplies innovative products and systems for the
electrical installations industry under its own brand. The company has
operations in Sweden, Norway, Finland, Ireland and Poland and the Group is
organized in two business segments GARO Sweden and GARO Other markets. GARO has
a broad product assortment and is a market leader within several product areas.
The Group had sales in 2015 of MSEK 554 and has approximately 260 employees. Its
head office is located in Gnosjö.
The business concept is “with simplicity and design, GARO provides the smartest
and most profitable solutions – fitted into systems.”

Chemtura Releases 2016 Corporate Sustainability Report

May 24, 2016 at 1:09 pm Comments are Disabled

PHILADELPHIA, May 25, 2016 (GLOBE NEWSWIRE) — Chemtura Corporation (NYSE:CHMT) (EURONEXT:CHMT) today released its 2016 Corporate Sustainability Report. This report describes the recent progress Chemtura has made toward operating more sustainably and establishes environmental sustainability targets for the next 10 years.

“Chemtura has made significant progress in our global sustainability efforts, and this report is a culmination of the hard work delivered by all of our global operations and business partners over the last several years,” remarks David DiBoyan, Chemtura’s Global EHS Director.  Highlights of the 2016 Sustainability Report include:

  • Reinforcement of Chemtura’s  core values and principles;
  • Chemtura’s commitment to continuous Environmental, Health and Safety (EHS) improvement and the positive results seen in the Company’s global performance;
  • Numerous examples of community engagement and continued operational efficiency improvements; and
  • Examples of “greener” Chemtura products that have a lower impact on the environment and provide greater sustainability to “downstream” users.

In his opening remarks, Chemtura Chairman, President and CEO Craig Rogerson talks about these greener products, saying, “Beyond operational improvements and efficiencies, Chemtura continues to dedicate significant resources towards creating and adding to our portfolio of technologically advanced products for greener applications. These include products such as extended-life lubricants for wind turbines, specialty chemicals used in the development of clean-energy solar panels and high-brightness LEDs, compounds to remove mercury and other pollutants from manufacturing emissions, and petroleum additives to improve fuel efficiency and reduce the emissions of atmospheric pollutants in the transportation industry.”

While much of Chemtura’s 2016 sustainability report looks at the actions and progress of the past several years, the report’s closing section casts an eye to the future and highlights Chemtura’s long-range sustainability goals, which include targeted 10% reductions across the Company’s environmental footprint. These comprise a variety of initiatives in areas such as energy intensity, air emissions, water use management and waste reduction. Because of business variability, these are all intensity based goals (criteria in relation to production volume) made with the understanding that more aggressive targets will be pursued, if improvements are realized sooner than the stated target and timeframe.

Chemtura Corporation, with 2015 sales of $1.7 billion, is a global manufacturer and marketer of specialty chemicals. Additional information concerning Chemtura, as well as a digital copy of its sustainability report, is available at http://www.chemtura.com/Pages/Sustainability.aspx . Please  send any comments on the report to doingmypart@chemtura.com.

CONTACT: CONTACT:
Tim Gagne
Corporate Communications Manager
Timothy.Gagne@Chemtura.com
203-573-3327

New CEO Thomas Doyle Drives Next-Wave Expansion at Reterro

May 22, 2016 at 6:00 pm Comments are Disabled

LIVERMORE, Calif., May 23, 2016 (GLOBE NEWSWIRE) — Reterro, Inc., whose proven environmentally friendly remediation solution maximizes real-estate value by eliminating CVOC and hydrocarbon contamination from soil and ongoing waste streams, announced today that Thomas P. Doyle has joined the Company as Chief Executive Officer. 

Mr. Doyle arrives at Reterro with a high-growth track record of converting vanguard technologies into market leadership throughout the domestic and international energy industry.

“Reterro’s unique on-site remediation technology allows us to remediate space-constrained, populated locations where public health and safety concerns preclude on-street trucking of contaminated materials,” Mr. Doyle said.  “In non-attainment areas, our environmentally-friendly approach enables us to obtain air permits to operate – in stark contrast with the challenges facing traditional rotary kiln technologies.  And unlike the dig-and-haul approach, we don’t simply relocate environmental liability; we eliminate it.”

Tom Doyle is the former President and CEO of NRG’s renewable energy business (NRG Renew) and an Executive Vice President at NRG Energy, the largest independent energy company in the United States.  Under Mr. Doyle’s leadership, NRG Renew became one of the largest renewable energy companies in the world, with a wind and solar portfolio that exceeded 4,500 MWs.

Prior to running NRG Renew, Mr. Doyle was President and CEO of NRG Solar, a company he established in October 2009 when he joined NRG. NRG Solar, a first mover in the utility solar industry, became the nation’s largest solar company by 2013 from an equity ownership perspective.  Mr. Doyle then expanded his team’s capabilities to become an industry leader in the high growth commercial and industrial sectors of the solar industry.  These renewable assets ultimately became the foundation of the nation’s first publicly listed YieldCo (NYLD), which resulted in substantial market cap uplift to the NRG parent company.

“I thrived on leading the first-mover effort to build NRG’s renewable energy business,” Mr. Doyle said.  “And now that same first-mover advantage exists for Reterro, an environmentally friendly soil remediation company.  It’s an extraordinary transition to move from one of the pre-eminent companies cleaning the air to building one of the most innovative companies cleaning the earth.”

About Reterro

Reterro, Inc., provides the foremost compliant and curative green remediation solution for tens of thousands of locations worldwide that are government-mandated to clean ongoing hydrocarbon waste streams and undergo soil remediation for existing CVOC & hydrocarbon contaminated waste.  Reterro is unsurpassed in mobility, cost-effectiveness and speed-to-completion, with a record of 100% certainty of efficacy.  Uniquely effective in urban, populated and space-constrained environments in which health and safety restrictions prohibit competing technologies, Reterro is unrivaled in unlocking maximized real-estate value and economic vitality. 

For more information, please visit www.reterro.com.

CONTACT: Contact:
Robert Ferri
(415) 575-1589
rferri@reterro.com

Quantum Materials Corp Enters Next Phase of Cadmium-free Quantum Dot Development

May 22, 2016 at 12:00 pm Comments are Disabled

SAN MARCOS, Texas, May 23, 2016 (GLOBE NEWSWIRE) — Quantum Materials Corp (OTCBB:QTMM) today announced that it has completed the initial development phase with its display film partners and is entering a preproduction phase in which the Company has committed to an accelerated sample optimization and delivery schedule for its cadmium-free quantum dots.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/e757ee03-d96e-4eb2-ad86-e4bb01aa118a

Quantum Materials has begun shipping additional deliveries of cadmium-free quantum dot samples to its partners and is scheduled to increase shipment quantities as development reaches pre-commercial scale later this year. The Company anticipates that, in conjunction with its partners, commercial quantities of a high performance cadmium-free quantum dot film will be available to display manufacturers in early 2017. Increasing concern over the use of cadmium in consumer displays has been driven by RoHS Directives and heightened corporate environmental responsibility, resulting in significant interest from the display industry in a cadmium-free quantum dot display film.

“Our decision to accelerate development of cadmium-free quantum dots and our ability to recruit a distinguished scientific, technical and production team has allowed us to achieve this milestone and initiate ramping-up of sample production volumes,” said Stephen Squires, President and CEO of Quantum Materials Corp.  “The revolutionary nature of our high-volume production process is recognized by our esteemed customers and partners and has allowed us to attract talented employees on the cutting edge of the nano-sciences. On a daily basis the Quantum Materials’ team is accelerating discovery and fast-tracking significant advances in material science.”

Quantum Materials will be participating at the Society for Information Display (SID) ‘Display Week 2016 International Symposium, Seminar and Exhibition’ from May 22-May 27, 2016 at the Moscone Convention Center in San Francisco, California. Quantum Materials will be exhibiting in partnership with Uniglobe Kisco Inc. (www.uniglobe-kisco.com) at Booth 1342 and Mr. Squires will be participating in a CMO panel discussion on Wednesday morning at 8:30am in Room 123.

“We value our relationship with Kisco and look forward to working with them at DisplayWeek to continue growing the current customer partnerships they have facilitated and build upon the momentum we are developing as a team,” Mr. Squires concluded.

About Quantum Materials Corp

Quantum Materials Corp develops and manufactures Quantum Dots and nanomaterials for use in medical, display, solar energy and lighting applications through its patented volume production process. QMC’s volume manufacturing methods enable consistent quality and scalable cost reductions to drive innovative discovery to commercial success. Quantum Materials Corp technology continues to move the future of quantum dots to the present. Quantum Materials’ products are the foundation for technologically superior, energy efficient and environmentally sound LCD UHD displays, the next generation of solid-state lighting, solar photovoltaic power applications, advanced battery and energy storage solutions, biotech imaging, and biomedical theranostics. Wholly-owned subsidiary Solterra Renewable Technologies develops sustainable quantum dot solar technology. www.QMCDOTS.com

Safe Harbor statement under the Private Securities Litigation Reform Act of 1995

This press release contains forward-looking statements that involve risks and uncertainties concerning business, products, and financial results. Actual results may differ materially from the results predicted. More information about potential risk factors that could affect our business, products, and financial results are included in our annual report and in reports subsequently filed with the Securities and Exchange Commission (“SEC”). All documents are available through the SEC’s EDGAR System at http://www.sec.gov/ or www.QMCdots.com. We hereby disclaim any obligation to publicly update the information provided above, including forward-looking statements, to reflect subsequent events or circumstances.

CONTACT: Business:
Art Lamstein
Director of Marketing
415.609.4969

Toshi Ando
Senior Director, Business Development, Asia/Pacific
510.300.4021

Media:
Rich Schineller
941.780.8100

Investor Relations:
Clay Chase /SD Torrey Hills Capital
858.456.7300
Unirac Partners with KG Solar on 425kW Solar Installation for First Hope Bank

Unirac Partners with KG Solar on 425kW Solar Installation for First Hope Bank

September 23, 2011 at 2:21 pm Comments are Disabled

Unirac Infrastructure Selected for Superior Efficiency of Cost and Installation as well as Aesthetics and Versatility Unirac Inc., North America’s leading provider of infrastructure for solar power systems, has teamed with partner KG Solar and Renewable Energy, a division of KG Companies, on a customized Unirac ISYS Ground Mount (IGM)Read More