enero 2021 – Página 254

Statement from Dr. Miriam Adelson on the passing of her husband, Sheldon G. Adelson

LAS VEGAS, Jan. 12, 2021 /PRNewswire/ — Dr. Miriam Adelson released the following statement on the death of her husband and Las Vegas Sands (NYSE: LVS) Chairman and Chief Executive Officer Sheldon G. Adelson:

It is with unbearable pain that I announce the death of my husband, Sheldon G. Adelson, of complications from a long illness.

Sheldon was the love of my life. He was my partner in…

It is with unbearable pain that I announce the death of my husband, Sheldon G. Adelson, of complications from a long illness.

Sheldon was the love of my life. He was my partner in romance, philanthropy, political activism and enterprise. He was my soulmate.

To me – as to his children, grandchildren, and his legions of friends and admirers, employees and colleagues – he is utterly irreplaceable.

Much has been written and said about how Sheldon, the son of poor immigrants, rose to the pinnacle of business success on the strength of grit and genius, inspiration and integrity. His was an all-American story of entrepreneurship. When Sheldon launched a new venture, the world looked on with anticipation.

In our amazing 32-year adventure together, I was fortunate to witness the beauty of Sheldon’s private side.

He was an American patriot: a U.S. Army veteran who gave generously to wounded warriors and, wherever he could, looked to the advancement of these great United States. He was the proudest of Jews, who saw in the State of Israel not only the realization of an historical promise to a unique and deserving people, but also a gift from the Almighty to all of humanity.

And Sheldon was kind. He gave readily of his fortune to charitable causes that may literally be countless, as he expected no credit and often preferred anonymity. Although bluff in build and speech – and, in the last two decades, beset by painful sickness – Sheldon was always sensitive to the needs of others.

Visit any of our hotels and you will immediately notice the extraordinarily high ceilings, exquisitely designed by Sheldon at a sacrifice of lucrative space. He wanted all of our guests – no matter their means – to feel like kings, to breathe free in gorgeous tranquility. When the COVID-19 crisis hit and those hotels went dark, he insisted that our tens of thousands of Team Members continue getting their wages and medical insurance.

Each of those people, and millions of other beneficiaries of Sheldon’s largesse, are his testimonials.

But he went beyond bettering the lives of individuals: He crafted the course of nations. Some of the historical changes that he helped effect – in the United States, Israel and elsewhere – are publicly known. Others are not. For Sheldon, recognition of his own indispensable role was unimportant. What counted was that good be done. He cared about standing up for what was right, even if that meant standing alone. His ideal day’s end was in the company of family and friends, not statesmen or celebrities.

Sheldon and I grew up on coasts: him in Boston, me in Haifa. Together we sailed across oceans, pushed back the Pearl River Delta to help develop Macao’s future, recreated the Venice lagoon canals in Las Vegas. To me, Sheldon had power and depth and mystery like the sea. His devotion lifted me up, like waves, through challenges both personal and professional.

And now he is gone. The supporting waters have vanished heavenward. Only a vast, dry seabed remains. The loss is colossal.

Farewell, my darling, my one true love. After gaining and giving so much, you have earned this rest.

— Dr. Miriam Adelson

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SOURCE Dr. Miriam Adelson

Despite New Stimulus, More Than 3 Million Renters Facing COVID-19 Unemployment Bear Extreme Housing Cost Burden

SEATTLE, Jan. 12, 2021 /PRNewswire/ — For millions of renters who remain unemployed during the COVID-19 pandemic, the recently finalized fiscal stimulus package is desperately needed relief. The additional payments will bring their typical rent burdens from more than 80% of their income to less than half, a new Zillow® analysis shows. While the extra assistance helps on a monthly basis, millions behind on their rent still face an incredible challenge in catching up on payments that have piled up before temporary eviction moratoriums expire.

Renters have carried much of the financial burden throughout the COVID-19 pandemic, in large part because of dramatic job losses in high-contact industries that are often staffed by renters. Zillow estimates at least 3 million renters who were employed last March had lost their jobs and were still out of work in November, including more than a million in the accommodation and food services industries that have been devastated by restrictions aimed at limiting the spread of COVID-19ⁱ.

Federal and state unemployment insurance is now the primary source of income for these renters who have lost their jobs. In November, a typical unemployed renter living alone spent 81.2% of that income on rent. The additional $300 a week from the current stimulus package will bring the typical rent burden down to 43%ⁱⁱ.

That is a huge improvement, but still well above the 30% threshold at which a household is officially «rent burdened.» Previous research from Zillow and collaborators at the University of Pennsylvania and Boston University found that homelessness rates in a community rise sharply once typical rent burdens climb above 30%. The additional $600 a week in unemployment insurance payments from the CARES Act passed in late March brought the rent burden down to 29.5% for unemployed renters paying the typical rent.

«This analysis shows how much even relatively modest amounts of financial assistance can mean to struggling renters,» said Chris Glynn, senior economist at Zillow. «Even though supplemental assistance has resumed, there are financial wounds to heal from the three-month period when some renters were sending more than 80% of their unemployment benefits out the door on the first of the month. Temporary eviction moratoriums and unemployment insurance alone may not be enough to keep some renters who have steadily accumulated debts in their homes long term. Housing vulnerability for renters will be a top issue for the incoming administration.»

A federal eviction moratorium remains in place to keep those unable to pay in their homes, though industry estimates show only small drops in the share of renters making payments in full compared to a year earlier. But the rent owed continues to accrue even without the looming threat of an eviction. A study by Moody’s Analytics estimated that nearly 12 million renters will owe an average of about $6,000 in back rent and utilities by this month. While unemployed renters remain significantly rent burdened, the additional $300 payments may help reduce the debt they will eventually owe when eviction moratoriums expire.

Renters who maintained stable employment in 2020, however, saw their rent burdens stabilize during the pandemic due to slowing rent growth for much of the year. In November, the typical U.S. renter who did not receive unemployment benefits paid an estimated 29.6% of their income on rent, a small improvement from 29.8% in Marchⁱⁱⁱ. Rent growth has shown the first signs of a bounceback, potentially reversing the small gains employed renters made in 2021 and making it more difficult for the millions who have fallen behind on payments.

Catching up any debts accrued will likely prove difficult for many who did not have much financial breathing room to begin with. Low-income renters typically spent 53.1% of their income on rent in 2019^iv, and Zillow research from before the pandemic and resulting recession showed that only 51% of renters said they could afford an unexpected $1,000 expense^v.

Another potential cliff looms on March 14 when the current $300 weekly supplement expires.

Metropolitan Area*	Typical Rent (November 2020)	Rent Burden – Unemployed Renters w/o $300 Weekly Boost	Rent Burden – Unemployed Renters w/ $300 Weekly Boost	Rent Burden – Unemployed Renters w/ $600 Weekly Boost (April 2020)
United States	$1,734	81.2%	43.3%	29.4%
New York, NY	$2,528	92.9%	53.9%	38.1%
Los Angeles-Long Beach-Anaheim, CA	$2,579	110.5%	62.4%	43.2%
Chicago, IL	$1,661	83.0%	45.0%	30.8%
Dallas-Fort Worth, TX	$1,570	82.2%	45.1%	30.7%
Philadelphia, PA	$1,610	79.5%	43.0%	29.3%
Houston, TX	$1,492	74.1%	41.4%	28.6%
Washington, DC	$2,039	115.7%	64.6%	44.8%
Miami-Fort Lauderdale, FL	$1,935	138.3%	65.5%	42.5%
Atlanta, GA	$1,607	83.5%	45.5%	30.7%
Boston, MA	$2,270	102.4%	58.3%	41.2%
San Francisco, CA	$2,985	125.0%	74.9%	53.6%
Detroit, MI	$1,322	64.3%	34.8%	23.5%
Riverside, CA	$2,206	96.5%	52.8%	35.7%
Phoenix, AZ	$1,558	124.8%	54.7%	34.4%
Seattle, WA	$1,891	97.5%	58.3%	41.2%
Minneapolis-St Paul, MN	$1,546	84.6%	45.4%	30.9%
San Diego, CA	$2,355	129.2%	69.4%	46.9%
St. Louis, MO	$1,154	67.4%	34.0%	22.4%
Tampa, FL	$1,581	108.3%	51.2%	33.0%
Baltimore, MD	$1,663	74.8%	43.8%	30.6%
Denver, CO	$1,743	94.2%	55.0%	38.4%
Pittsburgh, PA	$1,186	47.7%	28.2%	19.9%
Portland, OR	$1,665	80.5%	48.0%	33.4%
Charlotte, NC	$1,533	81.5%	42.8%	28.6%
Sacramento, CA	$1,948	91.4%	52.0%	35.5%
San Antonio, TX	$1,336	77.0%	40.7%	27.3%
Orlando, FL	$1,595	125.0%	59.4%	38.4%
Cincinnati, OH	$1,309	47.6%	28.6%	20.3%
Cleveland, OH	$1,140	59.1%	31.5%	21.2%
Kansas City, MO	$1,205	73.0%	37.5%	24.8%
Las Vegas, NV	$1,483	82.9%	44.6%	30.0%
Columbus, OH	$1,333	77.4%	39.8%	26.4%
Indianapolis, IN	$1,273	69.4%	35.8%	23.7%
San Jose, CA	$2,958	142.9%	85.8%	61.3%
Austin, TX	$1,539	81.8%	47.5%	33.3%
Virginia Beach, VA	$1,397	74.3%	41.1%	28.1%
Nashville, TN	$1,597	105.4%	50.2%	32.6%
Providence, RI	$1,609	71.8%	38.0%	25.7%
Milwaukee, WI	$1,213	64.7%	34.5%	23.4%
Jacksonville, FL	$1,400	101.5%	48.2%	31.0%
Memphis, TN	$1,320	81.7%	38.8%	25.0%
Oklahoma City, OK	$1,103	42.1%	26.3%	18.8%
Louisville-Jefferson County, KY	$995	59.6%	31.2%	20.8%
Hartford, CT	$1,391	67.6%	37.7%	25.9%
Richmond, VA	$1,330	74.2%	40.1%	27.3%
New Orleans, LA	$1,409	98.0%	44.0%	28.2%
Buffalo, NY	$1,123	60.6%	31.8%	21.3%
Raleigh, NC	$1,526	83.4%	44.7%	30.0%
Birmingham, AL	$1,104	71.4%	34.1%	22.0%
Salt Lake City, UT	$1,416	76.7%	43.1%	29.5%

*Table ordered by market size

About Zillow Group
Zillow Group, Inc. (NASDAQ: Z and ZG) is reimagining real estate to make it easier to unlock life’s next chapter.

As the most-visited real estate website in the U.S., Zillow® and its affiliates offer customers an on-demand experience for selling, buying, renting or financing with transparency and nearly seamless end-to-end service. Zillow Offers® buys and sells homes directly in dozens of markets across the country, allowing sellers control over their timeline. Zillow Home Loans™, our affiliate lender, provides our customers with an easy option to get pre-approved and secure financing for their next home purchase. Zillow recently launched Zillow Homes, Inc., a licensed brokerage entity, to streamline Zillow Offers transactions.

Zillow Group’s affiliates and subsidiaries include Zillow®, Zillow Offers®, Zillow Premier Agent®, Zillow Home Loans™, Zillow Closing Services™, Zillow Homes, Inc., Trulia®, Out East®, StreetEasy® and HotPads®. Zillow Home Loans, LLC is an Equal Housing Lender, NMLS #10287 (www.nmlsconsumeraccess.org).

ⁱ Unemployment estimates are based on an analysis of the Current Employment Statistics data from the U.S. Bureau of Labor Statistics, with estimates constructed from industry-level data and the share of workers in each industry classified as a renter from the American Community Survey.
ⁱⁱ Calculations assume that household income is the maximum possible amount of federal and state unemployment insurance payments for one person, and the household pays the typical rent in a given area.
ⁱⁱⁱ Calculations assume that household income is the median U.S. renter household income, no unemployment insurance payments were received, and the household pays the typical U.S. rent.
^iv U.S. Census Bureau, 2019 American Community Survey: https://www.census.gov/programs-surveys/acs/news/data-releases.html^v Zillow Research, Sacrifices People Make to Afford the Rent: https://www.zillow.com/research/sacrifices-to-afford-the-rent-25956/

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SOURCE Zillow

GreenGen Expands Executive Team, Strengthens Position at Intersection of Climate and Capital Markets

BETHESDA, Md., Jan. 12, 2021 /PRNewswire-PRWeb/ — Green Generation (GreenGen), a global provider of energy efficiency solutions, today formally welcomes two new professionals to its executive leadership team. The addition of Vice President of Finance Mandy Lam, CPA and Chief of Staff Charlotte Taylor further streamlines operations, complements our existing team and ultimately strengthens GreenGen’s position at the forefront of investing to drive financial and environmental impact.

«As we look ahead to 2021 and beyond, we are excited about the addition of both Mandy and Charlotte to GreenGen,» said Brad Dockser, chief executive officer of GreenGen. «Their exceptional talent and experience broadens our strategic vision and strengthens our position at the intersection of climate and capital markets as we continue to grow and support the world’s leading investors.»

With more than a decade of experience in technical accounting, tax and business advisory, Lam is responsible for the development and oversight of GreenGen’s financial management strategy. Lam’s core functions include implementing the company’s accounting compliance and reporting processes, preparing financial models and budget analyses, coordinating with executives and project managers for operations and budget process support, and ensuring that corporate financials advance organizational objectives.

«2020 was a banner year for ESG-principled investing, and 2021 looks even more promising,» said Lam. «I’m looking forward to employing the financial acumen needed to accelerate GreenGen’s growth and maximize the opportunities ahead.»

A Harvard Business School graduate, Taylor has extensive leadership experience in sustainable investing, particularly in emerging markets. At GreenGen, Taylor is charged with strategizing and coordinating high-priority projects and growth initiatives, cultivating and nurturing key strategic relationships, and supporting organizational planning and program development.

«I’m thrilled to join this strong, talented team and help drive their inspiring vision,» said Taylor. «I look forward to helping advance our position at the nexus of buildings, technology, and infrastructure.»

About Green Generation
Green Generation (GreenGen) transforms the world’s built environment in buildings, technology, and infrastructure by integrating energy, real estate, technology, and capital markets to Operate in the Green. From offices in Washington DC, London, Tokyo, and Shanghai, GreenGen helps its clients use energy and the environment as a driver of value and sustainability across all asset types around the world. For more information, please visit greengen.com.

Media Contact

Jenny Wang, kglobal, +1 8145064597, jenny.wang@kglobal.com

SOURCE Green Generation

Zero Electric Vehicles, Inc. (ZEV) Unveils Passenger Vehicle Chassis for EV Market

TEMPE, Ariz., Jan. 12, 2021 /PRNewswire/ — Zero Electric Vehicles, Inc. (the «Company» or «ZEV»), ZEV, an innovative sustainable energy company for electric vehicles, announces the unveiling of their electrified rolling passenger vehicle chassis with its proprietary energy capture technologies to maximize vehicle range. Range improvements have lagged many of the forthcoming enhancements to electric vehicles, fueling the ZEV team to rapidly deliver technologies that focus on providing more sustainable solutions to an evolving electric vehicle market. The unveiling of this chassis is only the first phase of a series of key demonstration milestones in 2021 leading to the delivery of the Company’s concept vehicle, the Trident.

Our engineering team has constructed functional prototypes of proprietary energy capture devices, coupled with an advanced drivetrain control system based on the Company’s intellectual property and incorporated them on the new chassis. ZEV’s Chief Technology Officer (CTO), Damon Kuhn and Vice President of Electrical Engineering, Rick Lewis led a celebration of the Company’s engineering advances, during the December 14^th unveil in which customers, investors, and ZEV partners witnessed the display of advanced technologies on the modular-chassis platform.

«Rapid prototyping relies on expert knowledge of 3D computer aided design using the most advanced additive manufacturing techniques and 3D printers to create engineering sub-assemblies for detailed engineering simulation analysis and live road testing. The ZEV team uses this engineering construct, among others to quickly develop the chassis and range extension devices that will ultimately reduce parasitic loss during vehicle operation», said Charles Maury, Chief Scientist. ZEV began chassis prototype fabrication on October 5^thof 2020, and released their completed passenger vehicle chassis on December 14^thof 2020, setting the tone for accelerated prototype execution rates within the ZEV working environment. ZEV and their core group of partners have shown adaptability in times of constant change, enabling the team to strive towards their goal of producing the most efficient platform in the automotive market. ZEV CTO, Damon Kuhn said, «every functional component incorporated on our vehicle platform, regardless of class, will have been examined thoroughly to determine adequate efficiency in relation to current industry standard.» This ensures quality manufacturing amidst the rapid prototyping development environment, while delivering production ready chassis ahead of its competitors.

ZEV’s engineering team continues to execute on crucial deadlines that define the company’s hunger for innovation and improvement defining the EV2.0 movement. ZEV’s adaptive platform allows for an expansion of customers and partners, showcased on the passenger vehicle chassis, and provides an open runway towards road testing in early Q1 of 2021 during which live testing of multi-vehicle configurations will be demonstrated to assess the chassis’ range & performance.

ZEV’s CEO, Carolyn Maury states, «our ZEV family has been in non-stop execution mode to provide real substance to a market that requires fundamental change and innovation. Our team is determined to deliver on our technical maturation roadmap and provide the most optimized product we can for our customers and shareholders. Every step we take is positioned towards the creation and advancement of an EV2.0 product, we hold ourselves to the highest standard to earn the trust of our customers and partners in a market that requires authenticity.»

About Zero Electric Vehicles, Inc.

Zero Electric Vehicles INC. («ZEV») is an Arizona based automotive design, EV technology and manufacturing company with an extensive background in applied power conservation intellectual property along with battery electric propulsion systems. The company is driven to produce the most efficient, high-scaled production all electric vehicle. ZEV is currently in development of the Trident where these proprietary power generation techniques will be showcased in the OEMs first production vehicle in Q1 2022. ZEV has sought to be the first manufacturer apart of the EV 2.0 movement. ZEV is breaking down the barriers of adoption, inviting participation in the EV experiences of the future, and creating the infrastructure to bring EV solutions to all.

www.zeroevcorp.com

Shareholder Contact:
Shannon Kendall
skendall@zeroevcorp.com
832-643-3459

This news release contains «forward-looking information» (within the meaning of applicable Canadian securities laws) and «forward-looking statements» (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements or information are identified with words such as «anticipate», «believe», «expect», «plan», «intend», «potential», «estimate», «propose», «project», «outlook», «foresee» or similar words suggesting future outcomes or statements regarding an outlook. Such statements include the Company’s expectations with respect to the capability, functionality, performance and cost of the Company’s technology.

Such forward-looking information or statements are based on a number of risks, uncertainties and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. Assumptions have been made regarding, among other things, management’s expectations regarding future growth, plans for and completion of projects by the Company’s third-party relationships, availability of capital, and the necessity to incur capital and other expenditures. Actual results could differ materially due to a number of factors, including, without limitation, operational risks in the completion of the Company’s anticipated projects, delays or changes in plans with respect to the development of the Company’s anticipated projects by the Company’s third-party relationships, risks affecting the Company’s ability to execute projects, the ability to attract key personnel, and the inability to raise additional capital. Although the Company believes that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in the Company’s securities should not place undue reliance on forward-looking statements because the Company can provide no assurance that such expectations will prove to be correct. Forward- looking information and statements contained in this news release are as of the date of this news release and the Company assumes no obligation to update or revise this forward-looking information and statements except as required by law.

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SOURCE Zero Electric Vehicles, Inc.

Allegiant Announces Major Service Expansion With 21 New Nonstop Routes, Three New Cities

LAS VEGAS, Jan. 12, 2021 /PRNewswire/ — Allegiant (NASDAQ: ALGT) today announces 21 new nonstop routes, including nine routes to three new cities: Portland, Oregon; Key West, Florida, and Jackson Hole, Wyoming. Included as part of today’s announcement are eight routes that were delayed in 2020 due to the COVID-19 pandemic. To celebrate the new service, Allegiant is offering one-way fares on the new routes as low as $39.*

«Today, travelers are seeking destinations that allow them the chance to recreate in a safe way, usually outdoors,» said Drew Wells, Allegiant’s vice president of revenue and planning. «The three cities we’re adding to our network – Key West, Portland and Jackson Hole – are gateways to some of the United States’ most scenic destinations, including national parks and other outdoor attractions that are in high demand.»

New service from Jackson Hole Airport (JAC) includes:

Los Angeles, California via Los Angeles International Airport (LAX) – beginning June 2, 2021 with fares as low as $59 each way.*

Phoenix, Arizona via Phoenix Mesa Gateway Airport (AZA) – beginning June 2, 2021 with fares as low as $59 each way.*

Las Vegas, Nevada via McCarran International Airport (LAS) – beginning June 4, 2021 with fares as low as $49 each way.*

Reno, Nevada via Reno-Tahoe International Airport (RNO) – beginning June 4, 2021 with fares as low as $49 each way.*

New service from Key West International Airport (EYW) includes:

Nashville, Tennessee via Nashville International Airport (BNA) – beginning June 2, 2021 with fares as low as $59 each way.*

Sanford, Florida via Orlando Sanford International Airport (SFB) – beginning June 4, 2021 with fares as low as $49 each way.*

New service from Portland International Airport (PDX) includes:

Santa Maria, California via Santa Maria Airport (SMX) – beginning April 15, 2021 with fares as low as $49 each way.*

Monterey, California via Monterey Regional Airport (MRY) – beginning May 28, 2021 with fares as low as $49 each way.*

Idaho Falls, Idaho via Idaho Falls Regional Airport (IDA) – beginning May 28, 2021 with fares as low as $49 each way.*

New service from General Wayne A. Downing International Airport (PIA) includes:

Sarasota, Florida via Sarasota-Bradenton International Airport (SRQ) – beginning May 27, 2021 with fares as low as $59 each way.*

Denver, Colorado via Denver International Airport (DEN) – beginning May 28, 2021 with fares as low as $39 each way.*

The new route to/from Charleston, South Carolina via Charleston International Airport (CHS) includes:

Belleville, Illinois/ St. Louis, Missouri via MidAmerica St. Louis Airport (BLV) – beginning May 28, 2021 with fares as low as $49 each way.*

The new route to/from Baltimore, Maryland via Baltimore/Washington International Thurgood Marshall Airport (BWI) includes:

Punta Gorda, Florida via Punta Gorda Airport (PGD) – beginning May 27, 2021 with fares as low as $59 each way.*

In addition to these new routes, Allegiant is announcing new dates for eight routes that were postponed in 2020 due to the pandemic. Allegiant is offering one-way fares on those routes as low as $39.*

The rescheduled routes to Norfolk International Airport (ORF) include:

Pittsburgh, Pennsylvania via Pittsburgh International Airport (PIT) – beginning June 3, 2021 with fares as low as $49.*

Columbus, Ohio via Rickenbacker International Airport (LCK) – beginning June 3, 2021 with one-way fares as low as $49.*

The rescheduled route to Nashville, Tennessee via Nashville International Airport (BNA) includes:

Greensboro, North Carolina via Piedmont Triad International Airport (GSO) – beginning June 3, 2021 with fares as low as $39 each way.*

The rescheduled route to/from Boston, Massachusetts via Boston Logan International Airport (BOS) includes:

Grand Rapids, Michigan via Gerald R. Ford Airport (GRR) – beginning March 5, 2021 with fares as low as $49 each way.*

The rescheduled route to/from Louisville, Kentucky via Louisville International Airport (SDF) includes:

Charleston, South Carolina via Charleston International Airport (CHS) – beginning May 28, 2021 with fares as low as $49 each way.*

The rescheduled route to/from Myrtle Beach, Florida via Myrtle Beach International Airport (MYR) includes:

Knoxville, Tennessee via McGhee Tyson Airport (TYS) – beginning June 2, 2021 with fares as low as $39 each way.*

The rescheduled routes to/from Hudson Valley, New York via New York Stewart International Airport (SWF) include:

Destin, Florida via Destin-Fort Walton Beach Airport (VPS) – beginning June 13, 2021 with fares as low as $59 each way.*

Savannah, Georgia via Savannah International Airport (SAV) – beginning May 26, 2021 with fares as low as $59 each way.*

Flight days, times and the lowest fares can be found only at Allegiant.com.

*About the introductory one-way fares:
Seats and dates are limited and fares are not available on all flights. Flights must be purchased by Jan. 13, 2021 for travel by Aug. 16, 2021. Price displayed includes taxes, carrier charges & government fees. Fare rules, routes and schedules are subject to change without notice. Optional baggage charges and additional restrictions may apply. For more details, optional services and baggage fees, please visit Allegiant.com.

Allegiant – Together We Fly^TM

Las Vegas-based Allegiant (NASDAQ: ALGT) is an integrated travel company with an airline at its heart, focused on connecting customers with the people, places and experiences that matter most. Since 1999, Allegiant Air has linked travelers in small-to-medium cities to world-class vacation destinations with all-nonstop flights and industry-low average fares. Today, Allegiant’s all-Airbus fleet serves communities across the nation, with base airfares less than half the cost of the average domestic roundtrip ticket. For more information, visit us at Allegiant.com. Media information, including photos, is available at http://gofly.us/iiFa303wrtF

Media Contact
Phone: 702-800-2020
Email: mediarelations@allegiantair.com

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SOURCE Allegiant Travel Company

Autor venredPublicado el 12 enero, 2021Categorías Marco carvajal

Las Vegas Sands Announces Passing of Company Founder and Industry-Changing Entrepreneur Sheldon G. Adelson

LAS VEGAS, Jan. 12, 2021 /PRNewswire/ — Las Vegas Sands issued the following statement announcing the death of company Chairman and Chief Executive Officer Sheldon G. Adelson:

Our founder and visionary leader, Sheldon G. Adelson, passed away last night at the age of 87 from complications related to treatment for non-Hodgkin’s Lymphoma. Born to immigrant parents and raised in a poor section of <span…

LAS VEGAS, Jan. 12, 2021 /PRNewswire/ — Las Vegas Sands issued the following statement announcing the death of company Chairman and Chief Executive Officer Sheldon G. Adelson:

Our founder and visionary leader, Sheldon G. Adelson, passed away last night at the age of 87 from complications related to treatment for non-Hodgkin’s Lymphoma. Born to immigrant parents and raised in a poor section of Boston, Mr. Adelson went from a teenager selling newspapers on a street corner to becoming one of the world’s most successful entrepreneurs.

His achievements in the integrated resort and hospitality industry are well-documented. In Las Vegas, Macao and Singapore, Mr. Adelson’s vision for integrated resorts transformed the industry, changed the trajectory of the company he founded, and reimagined tourism in each of those markets. His impact on the industry will be everlasting.

Mr. Adelson was the first employee of Las Vegas Sands – «Team Member Number One» he liked to say. Today, more than 50,000 Sands team members have Dr. Adelson and the entire Adelson family in their thoughts and prayers and are grateful to have had their lives touched by a true force of nature.

When the pandemic disrupted daily routines and dramatically impacted his business, Mr. Adelson was adamant that our Team Members across the globe continue to receive full pay and health care benefits even while the buildings in which they worked were closed. There are countless additional untold stories of his warmth and generosity – efforts for which he never sought recognition or publicity and would only reply with a smile if asked about them.

While his business credentials – having started or been involved in more than 50 different enterprises – are unquestioned, his dedication to philanthropy and commitment to his family will truly be his legacy. He will be missed by people from all parts of the world who were touched by his generosity, kindness, intellect and wonderful sense of humor.

The Adelson family asks for privacy as they mourn Mr. Adelson’s passing. A funeral will be held in Israel, the birthplace of Dr. Miriam Adelson, with plans for a memorial service held in Las Vegas to be announced at a later date.

About Las Vegas Sands Corp. (NYSE: LVS)

Las Vegas Sands is the world’s pre-eminent developer and operator of world-class Integrated Resorts. We deliver unrivaled economic benefits to the communities in which we operate.

LVS created the meetings, incentives, convention and exhibition (MICE)-based Integrated Resort. Our industry-leading Integrated Resorts provide substantial contributions to our host communities including growth in leisure and business tourism, sustained job creation and ongoing financial opportunities for local small and medium-sized businesses.

Our properties include The Venetian Resort and Sands Expo in Las Vegas and the iconic Marina Bay Sands in Singapore. Through majority ownership in Sands China Ltd., we have developed the largest portfolio of properties on the Cotai Strip in Macao, including The Venetian Macao, The Plaza and Four Seasons Hotel Macao, Sands Cotai Central and The Parisian Macao, as well as the Sands Macao on the Macao Peninsula.

LVS is dedicated to being a good corporate citizen, anchored by the core tenets of serving people, planet and communities. We deliver a great working environment for 50,000 team members worldwide and drive social impact through the Sands Cares charitable giving.

Contacts:

Investment Community:
Daniel Briggs
(702) 414-1221

Media:
Ron Reese
(702) 414-3607

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SOURCE Las Vegas Sands Corp.

Autor venredPublicado el 12 enero, 2021Categorías Marco carvajal

Novamont adquiere BioBag y refuerza su liderazgo y presencia global

La operación crea el grupo integrado más verticalmente en la industria de los bioplásticos y permite a la B-Corp italiana expandirse en Europa del Norte/Este, Norteamérica y Australia

NOVARA, Italia y ASKIM, Noruega, 12 de enero de 2021 /PRNewswire/ — La italiana Novamont, un líder mundial en el desarrollo y producción de bioquímicos y bioplásticos desechables, anunció hoy que ha adquirido BioBag Group, un proveedor líder con sede en Noruega de soluciones de bajo impacto para…

La operación crea el grupo integrado más verticalmente en la industria de los bioplásticos y permite a la B-Corp italiana expandirse en Europa del Norte/Este, Norteamérica y Australia

NOVARA, Italia y ASKIM, Noruega, 12 de enero de 2021 /PRNewswire/ — La italiana Novamont, un líder mundial en el desarrollo y producción de bioquímicos y bioplásticos desechables, anunció hoy que ha adquirido BioBag Group, un proveedor líder con sede en Noruega de soluciones de bajo impacto para recogida y empaquetado de residuos.

La adquisición permitirá a Novamont beneficiarse de la distribución independiente especializada de BioBag en áreas donde el comprador está menos presente. Las dos compañías podrán ofrecer una solución más completa al mercado y crear alianzas de larga duración con partes claves como grandes minoristas y comunidades. Juntos, planean construir incluso más demostradores (proyectos innovadores que mejoran la recogida de residuos orgánicos y sistemas de compostaje), especialmente en Norteamérica, Países Escandinavos, Europa del Este y Australia.

La transacción es un paso hacia delante importante en un trayecto colaborativo que comenzó hace 25 años. La visión original de Novamont en 1990 era crear una cadena de valor integrada para bioplásticos y bioquímicos vinculada a iniciar y mejorar la recogida selectiva de residuos orgánicos. Esto se convirtió en un punto de inicio monumental para lo que ahora se llama bioeconomía circular a la que tanto Novamont como BioBag han hecho importantes contribuciones.

Hay tres motivos que hacen la adquisición particularmente idónea:

Fuerte compatibilidad cultural desarrollada durante dos décadas de asociación, que ha conducido a una visión armoniosa y valores compartidos, así como la integración de equipos en torno a proyectos comunes orientados a crear un modelo de bioeconomía circular centrado en la salud de la tierra y la regeneración de áreas locales.

Una cadena de valor altamente complementaria:
a. Novamont tiene un enfoque principalmente ascendente y ha desarrollado la cadena de suministro Mater-Bi que va desde materias primas agrícolas, biomonómeros, bioplásticos y fórmulas de bajo impacto. Ha traído sus materiales al mercado mediante aplicaciones que requieren biodegradabilidad en plantas de compostaje y terreno. La estrecha colaboración con grandes minoristas y comunidades locales interesadas en soluciones de bajo impacto ha reducido el uso de plástico tradicional y la acumulación de microplásticos en el medio ambiente.

b. BioBag tiene un enfoque descendente. El grupo es pionero en el desarrollo y distribución de un amplio rango de aplicaciones de compostaje que empiezan desde los Países Escandinavos y está especializa en una serie de servicios de soporte para estas aplicaciones. BioBag también ha desarrollado una creciente plataforma de e-commerce, que es un canal de mercado importante para sus aplicaciones existentes y el expandido rango de productos que se derivará de las innovaciones e integración ascendente de Novamont.

Reforzadas capacidades para socios y clientes de Novamont: BioBag es una compañía de marketing y distribución para aplicaciones de bajo impacto, que ya es y cada vez más estará al servicio de los socios de Novamont a lo largo de la cadena de suministro, ayudando a maximizar las oportunidades para desarrollo de producto y expansión geográfica. BioBag también lleva al mercado aplicaciones diferentes y complementarias para Mater-Bi, ampliando la oferta conjunta y dando un máximo soporte de servicios para apoyar al comercio minorista y otros sectores.

Novamont se ha expandido considerablemente en la última década, en particular mediante el crecimiento interno, adquiriendo y regenerando sitios industriales obsoletos. Esta transacción permitirá a Novamont expandir su negocio de bioplásticos compostables en Europa del Norte/Este, Norteamérica y Australia. BioBag seguirá operand como organización independiente, con el mismo equipo de liderazgo que ha logrado resultados excelentes en los últimos años.

Catia Bastioli, consejera delegada de Novamont, dijo: «Este acuerdo permite a Novamont expandir su modelo de bioeconomía circular. Uniendo nuestras mejores destrezas y energies e integrando totalmente nuestras cadenas de suministro podemos servir mejor a nuestros socios ascendentes y descendentes mientras aceleramos las soluciones circulares para distintos sectores del emrcado y para comunidades que siguen nuestro objetivo de producir más con menos».

Kjell Ivar Bache, consejero delegado de BioBag, está encantado con los nuevos propietarios y ve esta adquisición como una victoria para ambas partes: «Hemos sido socios cercanos a Novamont durante décadas y para BioBag esto es como llegar a casa. Con Novamont, BioBag se convierte en parte de una compañía de bioplásticos y bioquímicos líder en el mundo. Esto permitirá continuar el crecimiento internacional juntas. Estamos realmente ilusionados», dijo el sr. Bache.

Los asesores implicados por parte del comprador fueron Hi.Lex y Hjort para asuntos legales y PWC para asuntos financieros, fiscales y laborales, mientras los asesores del vendedor fueron Bryan Garnier para M&A y Wiersholm para asuntos legales.

Novamont es uno de los grupos líderes en el mundo en el desarrollo y fabricación de bioproductos biobasados y biodegradables mediante la integración de química, agricultura y medio ambiente. Los principales campos de aplicación de los bioproductos de la compañía son el empaquetado, recogida de residuos orgánicos separados, adquisiciones minoristas, vajilla desechable, agricultura, lubricantes, cosméticos, higiene y farmacéuticos. Novamont tiene su sede en Novara (cerca de Milán), una cartera de 1.800 pacientes, 600 personas trabajando en cuatro sitios de producción y dos centros de investigación en Italia, y unos ingresos globales de 270 millones de euros (2019). El grupo tiene oficinas comerciales en Alemania, Francia, España y Estados Unidos y opera mediante sus propios distribuidores en 40 países. La Investigación y Desarrollo suponen el 5% de sus ingresos y el 20% de su fuerza laboral. Los materiales que pueden biodegradarse totalmente en la tierra y en el agua se han desarrollado para esas aplicaciones con un alto riesgo de dispersion en el medio ambiente. Novamont es un Core Partner de la iniciativa Ellen MacArthur Foundation’s Food, miembro de su CE100 Network, y signatario de su iniciativa New Plastics Economy orientada a replantear los sistemas de envasado plástico globalmente. En 2020 la compañía fue premiada con la prestigiosa certificación ‘B Corp’ con un ránking de primer nivel y se ha unido a la red Global Compact de Naciones Unidas, una plataforma de liderazgo para el desarrollo e implementación de políticas y prácticas corporativas responsables.

BioBag International es un grupo de compañías líder en el mundo en desarrollo, producción y marketing de aplicaciones compostables y biodegradables certificadas. El rango de productos de BioBag es el más completo y extensivo del mercado. Los principales objetivos de la compañía combinan concentrarse en la calidad de los productos existentes y la innovación de nuevos productos y conceptos. El grupo se encuentra entre los fabricantes líderes de empaquetado ecológico en el norte de Europa. Además de las aplicaciones biodegradables y compostables, el grupo ofrece productos al mercado basados en material Post-Consumer Recycled (PCR) bajo la marca GreenPolly. BioBag ha diseñado un enfoque objetivo de asocación con compañías alineadas sinergísticamente en el mundo para llegar a miles de clientes en todo el mundo. La principal estrategia tras el concepto de socio de la firma es «Think Globally – Act Locally» y su misión es resolver los retos relativos a los residuos mediante soluciones sostenibles. Con unos ingresos de 41 millones de euros y 135 empleados, BioBag tiene su sede en Askim, Noruega, su mayor sitio de producción en Estonia, filiales en Suecia, Dinamarca, Irlanda, Finlandia, Polonia, Australia, Canadá, Estados Unidos y representantes en muchos países.

Para consultas de medios:

Francesca De Sanctis
NOVAMONT
+39 340 1166426
francesca.desanctis@novamont.com

Andrea Giannotti (Sr.)
NOVAMONT International Media Relations
+44 (0)7825 892 640
giannotti@reenewpr.uk
andrea.giannotti@external.novamont.com

Kjell Ivar Bache
BIOBAG
+47 90772558
kib@biobagworld.com

Birgitte Enghave
BIOBAG Marketing
birgitte@biobagworld.com

Logo – https://mma.prnewswire.com/media/1396886/Novamont_Logo.jpg

Autor venredPublicado el 12 enero, 2021Categorías energiaindustriacomercio

TTII PLAY-SAFE 65 Color-coated & Black EPDM

VANCOUVER, Jan. 12, 2021 /PRNewswire/ — We are pleased to advise that our PLAYSAFE 65 COLOR-COATED EPDM and PLAYSAFE 65 BLACK EPDM met and passed the FIFA 2015 and World Rugby 2020 UVA 5000 hr criteria.

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VANCOUVER, Jan. 12, 2021 /PRNewswire/ — We are pleased to advise that our PLAYSAFE 65 COLOR-COATED EPDM and PLAYSAFE 65 BLACK EPDM met and passed the FIFA 2015 and World Rugby 2020 UVA 5000 hr criteria.

PLAY-SAFE 65 COLOR-COATED EPDM is a highly-durable BASF urethane coated virgin EPDM that can withstand the pounding from cleats or the grinding from shoes as well as live up to harsh weather environments like heavy rain, ice, snow and extreme temperatures. PLAYSAFE 65 COLOR-COATED EPDM feels and plays like crumb rubber but it’s not crumb rubber. It’s an excellent choice for all synthetic turf applications including sport fields, parks and recreation, commercial and general landscaping. The vibrant green color adds life to synthetic turf. Add the antimicrobial option and it’s perfect for eliminating pet odors in residential landscaping and dog run applications. You will not find a comparable product at this price point.

PLAYSAFE 65 BLACK EPDM looks, feels and plays like crumb rubber, but it’s not crumb rubber. This 100% virgin EPDM produced in the USA is the most competitively priced infill outside of crumb rubber in today’s market. The 10-18 sizing easily works down between the turf fibers and stays there.

Visit www.TTIIOnline.com for a comprehensive list of test reports

(UVA, Lisport, Agglomeration, Heavy Metals, Compression, Thermal Stability, Radiant Heat Panel)

«Our PLAYSAFE 65 EPDM’s are front-runner infills, first and foremost, based on extensive testing that has been conducted ensuring environmental and public safety and secondly, especially during this time, price point» states John B. Giraud, Managing Director of Target Technologies. «We continue to strive to ensure a supply of safe, durable, competitively priced products and are proud to be partnered with such a well-respected company such as Fleck Manufacturing.»

From Bryan Fleck of Fleck Manufacturing, «At Fleck Manufacturing, we take pride in our ability to provide high quality, market vetted infill products and look forward to years of continued innovation and incomparable service with the entire team at TTII.»

For more information visit us at www.TTIIOnline.com or contact us at sales@TTIIOnline.com or 1.888.887.7373 or 604.421.3620.

A member of the QUIKRETE™ Group of Companies, Target Technologies International Inc. is a leading supplier of environmentally friendly products, services and logistics solutions to the synthetic sports turf industry.

Contact: Nadia Minato, (604) 421-3620, nminato@ttiionline.com

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SOURCE Target Technologies International Inc.

Autor venredPublicado el 12 enero, 2021Categorías Geovanny Vicente

Women in Climate Tech Launches

DURHAM, N.C., Jan. 12, 2021 /PRNewswire/ — The launch of Women in Climate Tech (WiCT) was announced today by the group’s Steering Committee. The organization’s mission is to empower and amplify the voices of women working in this burgeoning industry and to grow the share of females represented who will work on this issue for generations to come.

The launch comes at a time of growing interest in climate tech. Venture funding in the industry has increased by 3750% in six years according to «<a…

DURHAM, N.C., Jan. 12, 2021 /PRNewswire/ — The launch of Women in Climate Tech (WiCT) was announced today by the group’s Steering Committee. The organization’s mission is to empower and amplify the voices of women working in this burgeoning industry and to grow the share of females represented who will work on this issue for generations to come.

The launch comes at a time of growing interest in climate tech. Venture funding in the industry has increased by 3750% in six years according to «The State of Climate Tech 2020» by PwC. In addition, stimulus incentives coupled with other regulatory moves expected in the coming months will further accelerate sector growth.

«At a time when impacts from climate change are accelerating, the growth of investment in the sector is encouraging,» said Helen Bertelli, President of Climate Change Communications Consultancy Benecomms, and co-founder of Women in Climate Tech.

«Climate change is the defining challenge of our time. Finding solutions will require diversity of thought and experience like never before, and ensuring women have a seat at the table will lead to better outcomes for everyone.»

«Studies show that women are disproportionately impacted by climate change,» said Lisa Veliz Waweru, Customer Success Lead at The Climate Service, and Head of the WiCT Steering Committee.

«Eighty percent of people displaced by climate impacts around the globe are women, and women are more likely to experience poverty, making recovery from extreme weather more difficult. We are excited to launch a vehicle that will elevate the voices of women working on solutions to these problems for the betterment of women, families, and the world.»

«We invite women working in climate technology, investment, research, and policy to reach out to us about membership,» says Emily Wasley, Chair of the Outreach and Connection Committee, and Practice Leader for Corporate Climate Risk, Adaptation, and Resilience for WSP. «We are also looking for inspiring and empowering speakers and ways to inform and empower our members to connect and grow professionally and personally as climate leaders.»

WiCT will host monthly members-only networking meetings and will also spearhead pro bono projects with the goal of including climate in STEM education, among other things. The group will also act as a resource for journalists and conference organizers who are seeking women and women of color to include in articles and events relating to climate change. Journalists and others interested in being connected with WiCT members are invited to submit queries on our website: www.womeninclimatetech.org/contact-us/.

About WiCT: Women in Climate Tech will empower and amplify the voices of women working in the industry. Our members are engineers, tech executives, communicators, policy specialists, investors, and business leaders. Members of our Steering Committee include: Nicole Efron of PG&E, Rachel Ett of First Solar, Radhika Lalit of Rocky Mountain Institute, Annie Guo of Microsoft, Emily Wasley of WSP, Jennifer Kane of Trane Technologies, and Grace Kankindi. Women who are interested in membership may apply here.

Contact: Julianne Hogan
julianne@benecomms.io

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SOURCE Benecomms LLC

Autor venredPublicado el 12 enero, 2021Categorías Geovanny Vicente

Proterra, Commercial Electric Vehicle Technology Leader, To Become Publicly Listed Through Transaction with ArcLight Clean Transition Corp.

BURLINGAME, Calif. and BOSTON, Jan. 12, 2021 /PRNewswire/ — Proterra Inc (the «Company»), a leading innovator in commercial vehicle electrification technology, today announced that it will become publicly listed through a transaction with ArcLight Clean Transition Corp. (Nasdaq: ACTCU, ACTC and ACTW) («ArcLight»), a publicly traded special purpose acquisition company. Upon closing, Proterra’s common stock is expected to trade on the Nasdaq under the ticker symbol…

BURLINGAME, Calif. and BOSTON, Jan. 12, 2021 /PRNewswire/ — Proterra Inc (the «Company»), a leading innovator in commercial vehicle electrification technology, today announced that it will become publicly listed through a transaction with ArcLight Clean Transition Corp. (Nasdaq: ACTCU, ACTC and ACTW) («ArcLight»), a publicly traded special purpose acquisition company. Upon closing, Proterra’s common stock is expected to trade on the Nasdaq under the ticker symbol PTRA. The transaction represents an enterprise value of $1.6 billion for Proterra.

Diversified Provider of EV Technologies

Proterra is a high-growth commercial electric vehicle technology leader with over a decade of production experience. The Company has designed an end-to-end, flexible technology platform that delivers world-class performance and a low total cost of ownership to original equipment manufacturers (OEMs) and end customers. Proterra has three complementary businesses:

Proterra Powered: Delivering industry-leading battery systems and electrification solutions to commercial vehicle manufacturers;

Proterra Transit: Leading North America as the market’s #1 electric transit bus OEM; and

Proterra Energy: Offering end-to-end turnkey charging and energy management solutions.

The Company’s industry-leading battery systems have been proven in more than 16 million service miles driven by its fleet of transit vehicles and validated through partnerships with world-class commercial vehicle OEMs, such as Freightliner Custom Chassis Corporation (FCCC), Thomas Built Buses, Van Hool, Bustech, and Optimal-EV. To date, Proterra has produced and delivered more than 300 megawatt-hours of battery systems, more than 550 heavy-duty electric transit buses and installed 54 megawatts of charging systems.

Proterra operates manufacturing facilities in California and South Carolina, as well as a state-of-the-art R&D lab in Silicon Valley. The Company recently announced the opening of a new battery production line co-located in its electric transit bus manufacturing facility in Los Angeles County. This battery production line was established within a year and demonstrates Proterra’s ability to bring its scalable and capital-efficient battery manufacturing process directly to commercial vehicle OEMs alongside their existing manufacturing.

Following the close of the transaction, Jack Allen, Proterra’s Chairman and CEO, will continue to lead the Company, and Jake Erhard, President, CEO and Director of ArcLight Clean Transition Corp., will join Proterra’s board.

Management Comments

«After delivering our first electric transit bus a decade ago, Proterra has transformed into a diversified provider of electric vehicle technology solutions to help commercial vehicle manufacturers electrify their fleets. Our success is in no small part thanks to a dedicated team of employees that are committed to innovation and forward-thinking solutions,» said Jack Allen, Chairman and CEO of Proterra. «This transaction enables Proterra to take the next step towards our mission of advancing EV technology to deliver the world’s best performing commercial vehicles. In addition, it introduces a partner in ArcLight that has a shared focus on sustainability and renewable energy. We look forward to working closely with the ArcLight team as we create value for our shareholders and customers, scale our business to new levels and benefit the world around us.»

«We launched ArcLight Clean Transition with a clear goal of identifying and partnering with mission-driven companies with differentiated technology, compelling growth opportunities and a proven ability to execute,» said Jake Erhard, President, CEO and Director of ArcLight Clean Transition Corp. «With a portfolio of leading-edge products, a substantial first-mover advantage over its competitors and a demonstrated ability to scale, Proterra perfectly fits these criteria. We look forward to working closely with the Proterra team to execute its strategic priorities and deliver shareholder value.»

Strong Financial Foundation

Proterra has generated strong results to date, including $193 million of expected 2020 revenue, $750 million in existing orders and backlog and 26% gross margin expansion over the last three years. Upon completion of the transaction, Proterra expects to have up to $825 million in cash to fund growth initiatives, including R&D and the expansion of its next-generation battery program. This new program is designed to improve the cost and performance of Proterra’s battery technology to enable the electrification of all commercial vehicle segments, helping reduce pollution, improve air quality, and safeguard the environment around the world.

Transaction Overview

The transaction has been unanimously approved by the Boards of Directors of both Proterra and ArcLight Clean Transition Corp. It is expected to close in the first half of 2021, subject to the satisfaction of customary closing conditions, including the approval of ArcLight Clean Transition Corp.’s shareholders.

The transaction is expected to deliver approximately $648 million in cash at closing, including approximately $278 million of cash held in ArcLight Clean Transition Corp.’s trust account from its initial public offering in September 2020.¹ The transaction is further supported by a $415 million PIPE at $10.00 per share from key investors, including strategic partners Daimler Trucks and Constellation, existing investors Franklin Templeton, Broadscale, 40 North and G2VP, as well as new investors such as Chamath Palihapitiya, Fidelity Management & Research Company LLC, funds and accounts managed by BlackRock, Neuberger Berman Funds and affiliates of ArcLight. Proterra’s existing shareholders have agreed to convert 100 percent of their ownership stakes into the new company, and are expected to own more than 60 percent of the pro forma company at close.

Additional information about the proposed transaction, including a copy of the merger agreement and investor presentation, will be provided in a Current Report on Form 8-K to be filed by ArcLight Clean Transition Corp. today with the Securities and Exchange Commission («SEC») and available at www.sec.gov.

Advisors

BofA Securities is acting as lead financial advisor and Latham & Watkins LLP and Fenwick & West LLP are acting as legal counsel to Proterra. Barclays is acting as M&A advisor, Citigroup is acting as M&A and Capital Markets advisor, and Kirkland & Ellis LLP is serving as legal counsel to ArcLight Clean Transition Corp. Morgan Stanley & Co. LLC and Barclays are acting as lead placement agents, and BofA Securities is acting as joint placement agent for ArcLight Clean Transition Corp.

Conference Call Information

Proterra and ArcLight Clean Transition Corp. will host a joint investor conference call to discuss the transaction and review the investor presentation today, Tuesday, January 12, 2021, at 8:30am Eastern Time. The conference call can be accessed by dialing 833-470-1428 within the U.S. and +1 404-975-4839 for all other locations, and entering the passcode 294581.

A live webcast of the conference call and associated presentation materials will be accessible on ArcLight Clean Transition’s website at https://arclightclean.com/ and on Proterra’s investor relations page at https://www.proterra.com/company/investors/. A replay of the conference call will be available after completion of the conference call and can be accessed on the investor relations pages.

About Proterra

Proterra is a leader in the design and manufacture of zero-emission electric transit vehicles and EV technology solutions for commercial applications. With industry-leading durability and energy efficiency based on rigorous U.S. independent testing, Proterra products are proudly designed, engineered and manufactured in America, with offices in Silicon Valley, South Carolina, and Los Angeles. For more information, visit: http://www.proterra.com and follow us on Twitter @Proterra_Inc.

About ArcLight Clean Transition Corp.

ArcLight Clean Transition Corp., led by Chairman Daniel Revers and President and Chief Executive Officer Jake Erhard, focuses on market leading companies that facilitate the decarbonization of industrial, government and consumer segments, targeting large addressable markets with differentiated technology and sustainable competitive advantages that enable the creation of substantial long-term value for shareholders. ArcLight prioritizes companies led by experienced management teams that embrace the potential to utilize ArcLight’s industry experience to maximize the value to shareholders.

Forward-Looking Statements

Certain statements in this press release may be considered forward-looking statements. Forward-looking statements are statements that are not historical facts and generally relate to future events or ArcLight’s or the Company’s future financial or other performance metrics. In some cases, you can identify forward-looking statements by terminology such as «believe,» «may,» «will,» «potentially,» «estimate,» «continue,» «anticipate,» «intend,» «could,» «would,» «project,» «target,» «plan,» «expect,» or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements, including the identification of a target business and a potential merger or other such transaction are subject to risks and uncertainties, which could cause actual results to differ materially from those expressed or implied by such forward looking statements. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by ArcLight and its management, and the Company and its management, as the case may be, are inherently uncertain and subject to material change. Factors that may cause actual results to differ materially from current expectations include, but are not limited to, various factors beyond management’s control, including general economic conditions and other risks, uncertainties and factors set forth in the section entitled «Risk Factors» and «Cautionary Note Regarding Forward-Looking Statements» in ArcLight’s final prospectus relating to its initial public offering, dated September 22, 2020, and other filings with the Securities and Exchange Commission (SEC), including the registration statement on Form S-4 to be filed by ArcLight in connection with the transaction, as well as factors associated with companies, such as the Company, that are engaged in commercial electric vehicle technology, including anticipated trends, growth rates, and challenges in those businesses and in the markets in which they operate; macroeconomic conditions related to the global COVID-19 pandemic; trends with respect to government funding for public transit; the willingness of corporate and other public transportation providers to adopt and fund the purchase of electric vehicles for mass transit; expected adoption of electrification technologies for commercial vehicles; the size and growth of the market for alternative energy vehicles in general and medium-and heavy-duty electric vehicles, including transit buses and other commercial vehicles, in particular; the effects of increased competition; the ability to stay in compliance with laws and regulations that currently apply or become applicable to the commercial electric vehicle technology business and government contractors; the failure to realize the anticipated benefits of the transaction; the amount of redemption requests made by ArcLight’s public stockholders; the ability of the issuer that results from the transaction to issue equity or equity-linked securities or obtain debt financing in connection with the transaction or in the future. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements in this press release, which speak only as of the date they are made and are qualified in their entirety by reference to the cautionary statements herein. Both ArcLight and the Company expressly disclaim any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in ArcLight’s or the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

Important Information and Where to Find It

A full description of the terms of the transaction will be provided in a registration statement on Form S-4 to be filed with the SEC by ArcLight that will include a prospectus with respect to the combined company’s securities to be issued in connection with the business combination and a proxy statement with respect to the shareholder meeting of ArcLight to vote on the business combination. ArcLight urges its investors, shareholders and other interested persons to read, when available, the preliminary proxy statement/prospectus as well as other documents filed with the SEC because these documents will contain important information about ArcLight, the Company and the transaction. After the registration statement is declared effective, the definitive proxy statement/prospectus to be included in the registration statement will be mailed to shareholders of ArcLight as of a record date to be established for voting on the proposed business combination. Once available, shareholders will also be able to obtain a copy of the S-4, including the proxy statement/prospectus, and other documents filed with the SEC without charge, by directing a request to: ArcLight Transition Corp. 200 Clarendon Street, 55th Floor, Boston, Massachusetts 02116. The preliminary and definitive proxy statement/prospectus to be included in the registration statement, once available, can also be obtained, without charge, at the SEC’s website (www.sec.gov).

Participants in the Solicitation

ArcLight and Proterra and their respective directors and officers may be deemed to be participants in the solicitation of proxies from ArcLight’s stockholders in connection with the proposed transaction. Information about ArcLight’s directors and executive officers and their ownership of ArcLight’s securities is set forth in ArcLight’s filings with the SEC. To the extent that holdings of ArcLight’s securities have changed since the amounts printed in ArcLight’s Registration Statement on Form S-1, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. Additional information regarding the interests of those persons and other persons who may be deemed participants in the proposed transaction may be obtained by reading the proxy statement/consent solicitation statement/prospectus regarding the proposed transaction when it becomes available. You may obtain free copies of these documents as described in the preceding paragraph.

Non-Solicitation

This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the potential transaction and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of ArcLight, the Company or the combined company, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act.

¹ Assuming no redemptions of ArcLight Clean Transition Corp. stock requiring payment from ArcLight Clean Transition Corp.’s trust account.

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SOURCE Proterra

Autor venredPublicado el 12 enero, 2021Categorías Geovanny Vicente

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