Categoría: Geovanny Vicente

Nel ASA: Fourth quarter 2020 financial results

OSLO, Norway, Feb. 18, 2021 /PRNewswire/ — Nel ASA (Nel) reported revenues of NOK 229.1 million in the fourth quarter of 2020, up from NOK 175.9 million in the same quarter of 2019 and an EBITDA of negative NOK 96.2 million (Q4 2019: -41.7) incl. one-offs, ramp-up cost and a NOK 20 million provision for a potential fine. The order backlog ended at approximately <span…

OSLO, Norway, Feb. 18, 2021 /PRNewswire/ — Nel ASA (Nel) reported revenues of NOK 229.1 million in the fourth quarter of 2020, up from NOK 175.9 million in the same quarter of 2019 and an EBITDA of negative NOK 96.2 million (Q4 2019: -41.7) incl. one-offs, ramp-up cost and a NOK 20 million provision for a potential fine. The order backlog ended at approximately NOK 980 million, up 90%, and the company holds over NOK 2.3 billion in cash. Nel has outlined a target of producing green hydrogen at USD 1.5 per kilo* by 2025, outcompeting fossil alternatives, and reiterates the strong long-term outlook.

«The fourth quarter was another busy period for Nel with several important project awards and the preparation of the technology roadmap supporting our new target of producing green hydrogen at USD 1.5 per kilo by 2025. Achieving this will allow green hydrogen to start to reach fossil parity, representing one of the most significant achievements for zero-emission solutions and a carbon neutral planet. The expansion of the production to multi-GW scale will be instrumental in the strategy, in addition to grow the organization to add capacities and capabilities, and investing in technology to ensuring that Nel continues to be the global leader in the hydrogen industry,» says Jon André Løkke, Chief Executive Officer of Nel.

Nel reported revenues in the fourth quarter of 2020 of NOK 229.1 million (175.9) with an EBITDA of NOK -96.2 million, incl. one-offs, ramp-up cost and a NOK 20 million provision for a potential fine. Nel is no longer reporting adjusted EBITDA separately. The reported operating loss was NOK -139.3 million (-62.4), while the pre-tax income ended at NOK 1 285.1 million (-95.1) following a positive fair value adjustment of Nel’s shareholding in Everfuel A/S. The backlog grew over 90% to approximately NOK 980 million from the fourth quarter of 2019, and the company holds over NOK 2.3 billion in cash.

A key element of the Nel strategy is to expand the electrolysis production to accommodate large-scale projects by constructing a fully automated manufacturing facility at Herøya, Norway. Test production of the first 500 MW production line will commence in the second quarter of 2021 with start of commercial ramp-up in the third quarter 2021. Nel recently also announced that the facility could later be expanded to a capacity of more than 2 GW.

«Herøya represents the first industrial-scale production of the most efficient electrolysers on the market, at a game-changing low cost. The Nel team is continuously working to drive down the cost of hydrogen, where scale-up is key, and will continue to assess the exact timing for the next expansion step,» says Jon André Løkke, and concludes:

«Large opportunities also represent major challenges for Nel going forward, as maintaining a leadership position requires large investments, rapid expansion of the organization, and execution of large-scale projects across the globe in an increasingly competitive environment. In 2021 alone, we will add more than 100 new colleagues, deploy over 25% of the capital raised in 2020 in plant, equipment, and technology development projects, and add more capacity as required by the market. We are addressing all these challenges, as an emission-free future depends on green hydrogen, and reiterate out strong long-term outlook».

EBITDA and other alternative performance measures (APMs) are defined and reconciled to the IFRS financial statements as a part of the APM section of the fourth quarter 2020 report on page 24.

The fourth quarter 2020 report and presentation are enclosed and available through www.newsweb.no (Ticker: NEL) and www.nelhydrogen.com. Nel will host a live pre broadcasted live at www.nelhydrogen.com and the event can also be streamed at https://channel.royalcast.com/landingpage/hegnarmedia/20210218_1/ 

The presenters will be Jon André Løkke and Chief Financial Officer Kjell Christian Bjørnsen, and the presentation will be held in English.

ENDS

For further information, please contact:

Jon André Løkke, CEO, Nel ASA, +47 907 44 949

Kjell Christian Bjørnsen, CFO, +47 917 02 097

About Nel ASA | www.nelhydrogen.com

Nel is a global, dedicated hydrogen company, delivering optimal solutions to produce, store and distribute hydrogen from renewable energy. We serve industries, energy and gas companies with leading hydrogen technology. Our roots date back to 1927, and since then we have had a proud history of development and continuous improvement of hydrogen technologies. Today, our solutions cover the entire value chain: from hydrogen production technologies to hydrogen fueling stations, enabling industries to transition to green hydrogen, and providing fuel cell electric vehicles with the same fast fueling and long range as fossil-fueled vehicle, without emissions.

*Assumptions: Nel analysis based on electricity of 20 $/MWh, >8% cost of capital, cost of land, civil works, installation, commissioning, building water etc., lifetime 20 years incl. O&M cost, at 30 bar.

 

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/nel-asa/r/nel-asa–fourth-quarter-2020-financial-results,c3289142

The following files are available for download:

 

Cision View original content:http://www.prnewswire.com/news-releases/nel-asa-fourth-quarter-2020-financial-results-301230615.html

SOURCE NEL ASA

Nigeria Hosts West Africa’s Largest Solar-PV Farm – B&S Power Holding Pte, SunnyFred Global Facilitate 200MW Solar-PV Project In Ashama, Delta State

LAGOS, Nigeria and NEW YORK, Feb. 18, 2021 /PRNewswire/ — B&S POWER HOLDING PTE, a Singapore based renewable energy corporation, and SUNNYFRED GLOBAL, a Nigerian investment entity, have concluded arrangements in collaboration with other stakeholders and Technical Partners, to Design, Develop,  Finance and Construct West Africa’s Largest Solar Photovoltaic Farm…

LAGOS, Nigeria and NEW YORK, Feb. 18, 2021 /PRNewswire/ — B&S POWER HOLDING PTE, a Singapore based renewable energy corporation, and SUNNYFRED GLOBAL, a Nigerian investment entity, have concluded arrangements in collaboration with other stakeholders and Technical Partners, to Design, Develop,  Finance and Construct West Africa’s Largest Solar Photovoltaic Farm in Nigeria – THE ASHAMA 200MW/HR SOLAR PV FARM.

The Solar Photovoltaic Project is located on about 304 Hectares of Land in Ashama Village, Aniocha South of Delta State in Nigeria.

According to a statement from GREENPLINTH AFRICA, Consultants & Strategic Partners to the Project Promoters, a Media Chat & Project Roadmap Presentation would take place on Thursday, 25thFebruary 2021 by 11am (WAT) at SHERATON HOTEL Lagos, Nigeria.

The event with the theme «Sustainable and Affordable Energy Access for Communities in Nigeria» will highlight the importance of the Ashama Solar Photovoltaic Project to the host community, state, the nation and the continent in general.

The Media Chat and Project Roadmap Presentation would be chaired by Prof. Abubakar Sani Sambo, Vice Chancellor, Usmanu Danfodiyo University, Sokoto; Chairman, Ministerial Policy and Technical Advisory Committee on Environment in Nigeria and Former Director-General, Energy Commission of Nigeria.

Distinguished Speakers, Technical Partners and Strategic National and international Stakeholders would join B&S POWER HOLDING PTE and SUNNYFRED GLOBAL to present the ASHAMA 200MW/HR SOLAR PV Project to the general public.

According to the World Bank, over 80 million Nigerians are without access to electricity and millions more suffer from poor service despite efforts by the Federal Government to provide electricity in the country. And also about 60 Million of these Nigerians spend more than N1.6 Trillion on fossil fuel generators yearly. The Federal Government of Nigeria however expects renewable energy to fill a substantial portion of the electricity poverty gap in the country.

In Africa, Power is Inaccessible, Unaffordable, and Unreliable for most people. This traps people in poverty; students find it difficult to read after dark, clinics cannot refrigerate vaccines and businesses have shorter operating hours.  

Today, more than 25 African countries face an energy crisis.  The African continent is well endowed with energy resources, but most remain untapped.

Photo(s):
https://www.prlog.org/12858647

Press release distributed by PRLog

 

Cision View original content:http://www.prnewswire.com/news-releases/nigeria-hosts-west-africas-largest-solar-pv-farm—bs-power-holding-pte-sunnyfred-global-facilitate-200mw-solar-pv-project-in-ashama-delta-state-301230610.html

SOURCE GreenPlinthAfrica

RMI Introduces Innovative District-Level Pathways to Support Carbon-Neutrality

BEIJING, Feb. 17, 2021 /PRNewswire/ — Today, RMI (the organization formerly known as Rocky Mountain Institute) released a new report titled Zero-Carbon Targeted Integrated Energy Planning: An Innovative District-level Pathway to Support Carbon-Neutrality by 2060. The report introduces the new approach of zero-carbon targeted integrated energy planning (IEP), and proposes a set of theoretical frameworks, methodologies, and application scenarios for…

BEIJING, Feb. 17, 2021 /PRNewswire/ — Today, RMI (the organization formerly known as Rocky Mountain Institute) released a new report titled Zero-Carbon Targeted Integrated Energy Planning: An Innovative District-level Pathway to Support Carbon-Neutrality by 2060. The report introduces the new approach of zero-carbon targeted integrated energy planning (IEP), and proposes a set of theoretical frameworks, methodologies, and application scenarios for district-level planning of new urban development zones with zero-carbon goals.

After China’s recent announcement of its goal of carbon neutrality by 2060, new urban development zones are in need of innovative ways to organize planning and contribute to the national target. The planning and implementation of zero-carbon development is a leading global trend but is also challenging as there is a lack of understanding and know-how in China as regards pathways and concrete actions. The zero-carbon targeted IEP approach proposed by RMI fills this gap and provides an innovative methodology for urban energy system construction, operation, and management in the context of carbon neutrality.

The zero-carbon targeted IEP approach aims at building clean, efficient, and reliable energy systems through the process of integrating energy investment and energy technology resources. Compared with traditional district-level electricity/heating/cooling planning, zero-carbon targeted IEP sets a zero-carbon goal as the overall goal and creates cross-disciplinary synergies, which can greatly improve urban energy efficiency and reduce carbon emissions. The new approach also provides actionable roadmaps for districts to contribute to carbon-neutrality strategies.

Employing zero-carbon targeted IEP in new urban development zones could unlock the full potential of carbon emissions mitigation, contributing to China’s goal of peaking CO2 emissions by 2030 and reaching carbon neutrality by 2060. Analysis in this report shows that if all the new urban development zones in China adopt zero-carbon targeted IEP methodology, it could contribute at least 15% to the total emissions reductions required by the nation’s carbon-neutrality goal.

To read the full report, visit the RMI website at: https://rmi.org/insight/zero-carbon-targeted-integrated-energy-planning/

Cision View original content:http://www.prnewswire.com/news-releases/rmi-introduces-innovative-district-level-pathways-to-support-carbon-neutrality-301230586.html

SOURCE RMI

Home Price Increases In Opportunity Zone Redevelopment Areas Keeping Pace With Nationwide Gains

IRVINE, Calif., Feb. 18, 2021 /PRNewswire/ — ATTOM Data Solutions, curator of the nation’s premier property database, today released its fourth-quarter 2020 special report analyzing qualified low-income Opportunity Zones established by Congress in the Tax Cuts and Jobs act of 2017 (see full methodology below). In this…

IRVINE, Calif., Feb. 18, 2021 /PRNewswire/ — ATTOM Data Solutions, curator of the nation’s premier property database, today released its fourth-quarter 2020 special report analyzing qualified low-income Opportunity Zones established by Congress in the Tax Cuts and Jobs act of 2017 (see full methodology below). In this report, ATTOM looked at 3,588 zones around the United States with sufficient sales data to analyze, meaning they had at least five home sales in the fourth quarter of 2020.

The report found that median home prices increased from the fourth quarter of 2019 to the fourth quarter of 2020 in 77 percent of Opportunity Zones with sufficient data and rose by more than 10 percent in nearly two-thirds of them. Those percentages were roughly the same as in areas of the U.S. outside of Opportunity Zones.

With prices remaining well below average in most Opportunity Zones, about 38 percent of the zones with enough data to analyze still had median prices of less than $150,000 in the fourth quarter of 2020. However, that was down from 46 percent a year earlier as prices inside some of the nation’s poorest communities rolled ahead with broader market, defying troubles flowing from the 2020 Coronavirus pandemic that slowed or idled significant sectors of the U.S. economy.

The pandemic’s impact generally has hit hardest in lower-income communities that comprise most of the zones targeted for tax breaks designed to spur economic redevelopment. Housing markets inside Opportunity Zones continued to benefit from the nation’s nine-year price boom.

Opportunity Zones are defined in the Tax Act legislation as census tracts in or along side low-income neighborhoods that met various criteria for redevelopment in all 50 states, the District of Columbia and U.S. territories. Census tracts, as defined by the U.S. Census Bureau, cover areas with 1,200 to 8,000 residents, with an average of about 4,000 people.

«The country’s long run of home-price increases continues to leave no part of the housing market untouched, boosting fortunes from the wealthiest to the poorest parts of the United States. The latest evidence is the fourth-quarter 2020 data showing prices going up in Opportunity Zone neighborhoods at around the same rate, and sometimes more, than in more well-off communities,» said Todd Teta, chief product officer with ATTOM Data Solutions. «No doubt, prices remain substantially lower in Opportunity Zones, but the fact that they often rose by double-digit percentages in Q4 is significant. Not only does it show market strength, but it also suggests that many distressed communities are ripe for the redevelopment that the Opportunity Zone tax breaks are designed to promote.»

High-level findings from the report include:

  • Median prices of single-family homes and condos rose from the fourth quarter of 2019 to the fourth quarter of 2020 in 77 percent of Opportunity Zones with sufficient data to analyze and increased in 58 percent of the zones from the third to the fourth quarters of 2020. By comparison, median prices rose annually in 79 percent of census tracts outside of Opportunity Zones and quarterly in 58 percent of them.

    (Of the 3,588 Opportunity Zones included in the report, 3,183 had enough data to generate usable median prices in the fourth quarters of both 2019 and 2020; 3,179 had enough data to make comparisons between the third and fourth quarters of 2020).

  • Measured year over year, median home prices rose more than 10 percent in the fourth quarter of 2020 in 1,945 (61 percent) of Opportunity Zones with sufficient data to analyze. That price increase occurred in 56 percent of other census tracts throughout the country with sufficient data.
  • A wider gap emerged when looking at areas where prices rose at least 25 percent from the fourth quarter of 2019 to the fourth quarter of 2020. Measured year over year, median home prices rose by that level in 1,098 (34 percent) of Opportunity Zones and 24 percent of census tracts elsewhere in the country.
  • States with the largest percentage of zones with median prices that rose, year over year, during the fourth quarter of 2020 included Utah (median prices up, year over year, in 89 percent of zones), Oregon (86 percent), Washington (85 percent), Arizona (85 percent) and Connecticut (84 percent).
  • Of all 3,588 zones in the report, 1,356 (38 percent) had a median price in the fourth quarter of 2020 that was less than $150,000 and 598 (17 percent) had medians ranging from $150,000 to $199,999. The total percentage of zones with typical values below $200,000 was down from 64 percent in the fourth quarter of 2019.
  • Median values in the fourth quarter of 2020 ranged from $200,000 to $299,999 in 837 Opportunity Zones (23 percent) while they were at least $300,000 in 797 (22 percent).
  • The Midwest continued to have the highest portion of Opportunity Zone tracts with a median home price of less than $150,000 (59 percent), followed by the South (49 percent), the Northeast (40 percent) and the West (6 percent).
  • Median household incomes in 89 percent of Opportunity Zones were less than the medians in the counties where they were located. Median incomes were less than three-quarters of county level figures in 59 percent of zones and were less than half in 16 percent.

Report methodology
The ATTOM Data Solutions Opportunity Zones analysis is based on home sales price data derived from recorded sales deeds. Statistics for previous quarters are revised when each new report is issued as more deed data becomes available. ATTOM Data Solutions compared median home prices in census tracts designated as Opportunity Zones by the Internal Revenue Service. Except where noted, tracts were used for the analysis if they had at least five sales in the fourth quarter of 2020. Median household income data for tracts and counties comes from surveys taken by the U.S. Census Bureau (www.census.gov) from 2015 through 2019. The list of designated Qualified Opportunity Zones is located at U.S. Department of the Treasury. Regions are based on designations by the Census Bureau. Hawaii and Alaska, which the bureau designates as part of the Pacific region, were included in the West region for this report.

About ATTOM Data Solutions
ATTOM Data Solutions provides premium property data to power products that improve transparency, innovation, efficiency and disruption in a data-driven economy. ATTOM multi-sources property tax, deed, mortgage, foreclosure, environmental risk, natural hazard, and neighborhood data for more than 155 million U.S. residential and commercial properties covering 99 percent of the nation’s population. A rigorous data management process involving more than 20 steps validates, standardizes and enhances the data collected by ATTOM, assigning each property record with a persistent, unique ID — the ATTOM ID. The 20TB ATTOM Data Warehouse fuels innovation in many industries including mortgage, real estate, insurance, marketing, government and more through flexible data delivery solutions that include bulk file licenses, property data APIs, real estate market trends, marketing lists, match & append and introducing the first property data delivery solution, a cloud-based data platform that streamlines data management – Data-as-a-Service (DaaS).

Media Contact:
Christine Stricker
949.748.8428
christine.stricker@attomdata.com 

Data and Report Licensing:
949.502.8313
datareports@attomdata.com

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/home-price-increases-in-opportunity-zone-redevelopment-areas-keeping-pace-with-nationwide-gains-301230553.html

SOURCE ATTOM Data Solutions

10 Feb World Record Efficiency Of 26.5% On A Tandem Solar Cell Based On A Flexible CIGS Solar Cell

SANTA CLARA, Calif., Feb. 17, 2021 /PRNewswire/ — In a collaboration between USA based MiaSolé Hi-Tech Corp and European Solliance Solar Research a power conversion efficiency of 26.5% on a tandem solar cell was established. The architecture combines two thin-film solar cell technologies: a top rigid semi-transparent perovskite solar cell with a bottom flexible copper indium gallium selenide (CIGS) cell.

This impressive efficiency was achieved by…

SANTA CLARA, Calif., Feb. 17, 2021 /PRNewswire/ — In a collaboration between USA based MiaSolé Hi-Tech Corp and European Solliance Solar Research a power conversion efficiency of 26.5% on a tandem solar cell was established. The architecture combines two thin-film solar cell technologies: a top rigid semi-transparent perovskite solar cell with a bottom flexible copper indium gallium selenide (CIGS) cell.

This impressive efficiency was achieved by optimizing the bandgap and the efficiency of both the rigid semi-transparent perovskite top cell and the flexible CIGS bottom cell.

The CIGS was roll to roll produced on steel foil, with an impressive power conversion efficiency of 20.0%.

«Rollable, ultra light, solar cells and modules have dramatically expanded the applications of solar energy in infrastructure, electrical vehicles, and mobile energy markets. MiaSolé has delivered a rollable solar cell efficiency of 20.56% and a large area module efficiency of 18.64% on production ready equipment, and we will keep breaking more world records together with Solliance to build perovskite/CIGS tandem technology for the future.» Added Dr. Jie Zhang, CEO of MiaSolé.

The stable and scalable semi-transparent perovskite solar cell has been developed on glass. This cell architecture is currently transferred to a flexible carrier enabling a fully flexible, highly efficient solar foil. The device was optimized to maximize the visible light conversion and at the same time to maximize the infrared light transparency in order to allow the majority of infrared light to reach the bottom CIGS cell. This approach resulted in an efficiency of 17.5% for the top device, measured at the maximum powerpoint, tracked for 5 minutes. At Solliance TNO, imec, and TU/e contributed to realize this perovskite solar cell.

About MiaSolé

MiaSolé Hi-Tech Corp. is a total solution provider of rollable thin film solar technology. MiaSolé’s proprietary turnkey equipment lines, CIGS process technologies, CIG sputtering target technologies, advanced automation and spare parts services provide customers  everything they need to produce their own innovative high-efficiency solar products. Founded in 2004, MiaSolé has evolved into the world leader in thin-film solar module efficiency and offers the largest commercially available rollable shatterproof solar modules up to 540w/piece at weight 2.2 kg/m². For more information on MiaSolé, please visit http://www.miasole.com/.

About Eindhoven University of Technology

TU/e profiles itself as a leading, international university specialized in engineering science & technology, with major research activities in the field of solar energy. Within the field of hybrid perovskite solar cells and in collaboration with Solliance, research is carried out at the departments of Chemical Engineering and Chemistry (Prof. R.A.J. Janssen) and Applied Physics (Prof. M. Creatore). The research encompasses the synthesis and characterization of hybrid perovskite solar cells as well as interface engineering by atomic layer deposition.

About Solliance Solar Research

Solliance is public-private partnership of companies, R&D institutes and universities from the Netherlands, Belgium and Germany, working in thin film photovoltaic solar energy and led by imec and TNO. In order to strengthen the region’s position as a world player in PV, Solliance is creating the required synergy by consolidating and coordinating the activities of 250 researchers in industry, at research institutes and universities.

Various state-of-the-art laboratories and pilot production lines are jointly used for dedicated research programs which are executed in close cooperation with the solar business community.

Solliance offers participation in its research programs and opens up its lab facilities to new entrants, either from industry or in research. On the basis of clear Intellectual Property (IP) agreements, each industrial partner can participate in this research effort, or alternatively, hire equipment and experts to further develop its own technology.

About imec

Imec is the world-leading research and innovation hub in nano-electronics, energy and digital technologies. The combination of our widely acclaimed leadership in microchip technology and profound software and ICT expertise is what makes us unique. By leveraging our world-class infrastructure and local and global ecosystem of partners across a multitude of industries, we create groundbreaking innovation in application domains such as healthcare, smart cities and mobility, logistics and manufacturing, and energy.

As a trusted partner for companies, start-ups and universities we bring together close to 3,500 brilliant minds from over 70 nationalities. Imec is headquartered in Leuven, Belgium and also has distributed R&D groups at a number of Flemish universities, in the Netherlands, Taiwan, USA, China, and offices in India and Japan. In 2015, imec’s revenue (P&L) totaled 415 million euro and of iMinds which is integrated in imec as of September 21, 2016 52 million euro. Further information on imec can be found at www.imec.be

Imec is a registered trademark for the activities of IMEC International (a legal entity set up under Belgian law as a «stichting van openbaar nut»), imec Belgium (IMEC vzw supported by the Flemish Government), imec the Netherlands (Stichting IMEC Nederland, part of Holst Centre which is supported by the Dutch Government), imec Taiwan (IMEC Taiwan Co.) and imec China (IMEC Microelectronics (Shanghai) Co. Ltd.) and imec India (Imec India Private Limited), imec Florida (IMEC USA nanoelectronics design center).

Imec is also a partner in EnergyVille (www.energyville.be), an association of the Flemish research centers KU Leuven, VITO, imec and UHasselt in the field of sustainable energy and intelligent energy systems.

About TNO

TNO is an independent research organization of the Netherlands and connects people and knowledge to create innovations that boost the competitive strength of industry and the well-being of society in a sustainable way. This is our mission and it is what drives us, the over 3,200 professionals at TNO, in our work every day. We believe in the joint creation of economic and social value and we work in collaboration with partners and focus on different domains:

  • Buildings, Infrastructure & Maritime : ‘Robust constructions, sustainable use’
  • The Circular Economy and the Environment: ‘Directing and accelerating sustainability’
  • Defense, Safety and Security: ‘We’re putting our knowledge and technology to work for safety and security’
  • Energy: ‘Faster towards a sustainable energy supply’
  • Healthy living: ‘Focusing on participation, not on the disease’
  • Industry: ‘Innovating for employment, welfare and well-being’
  • Information & Communication Technology: ‘Interpreting and accelerating digital transformation’
  • Strategic Analysis & Policy: ‘Turning complex issues into concrete innovations’
  • Traffic and Transport: ‘Helping to create live able, sustainable cities’Innovation with purpose is what TNO stands for. We develop knowledge not for its own sake, but for practical application.

PRLog ID: www.prlog.org/12858567

 

Cision View original content:http://www.prnewswire.com/news-releases/10-feb-world-record-efficiency-of-26-5-on-a-tandem-solar-cell-based-on-a-flexible-cigs-solar-cell-301230495.html

SOURCE MiaSole Hi-Tech Corp

Innovate+Educate announces the launch of a National Competition «Create an Earth Day Awareness Ad»

SANTA FE, N.M., Feb. 17, 2021 /PRNewswire-PRWeb/ — The Close It Summit, a leading summit in the future of working and learning, is pleased to announce «Create an Earth Day Awareness Ad», a national competition, created in collaboration with Epic Games, to promote learning for students across North America.

During the competition, learners ages 13-25 will leverage Unreal Engine to create real-life advertisements for Earth Day 2021. Launched to meet the rapidly…

SANTA FE, N.M., Feb. 17, 2021 /PRNewswire-PRWeb/ — The Close It Summit, a leading summit in the future of working and learning, is pleased to announce «Create an Earth Day Awareness Ad», a national competition, created in collaboration with Epic Games, to promote learning for students across North America.

During the competition, learners ages 13-25 will leverage Unreal Engine to create real-life advertisements for Earth Day 2021. Launched to meet the rapidly growing use of 3D technologies across the future of work, the competition provides students an opportunity to learn these skills in a fun, interactive way. The «Create an Earth Day Awareness Ad» competition has launched and will run through April 12.

«As more diverse industries demand 3D graphics and real-time 3D skills, we are thrilled to help provide new opportunities through ‘Create an Earth Day Awareness Ad’ competition and our new Unreal Futures career learning series,» said Linda Sellheim, Education Lead for Epic Games. «Our goal is to help students better understand and prepare for the emerging careers and opportunities ahead.»

Tallo, Inc., a leading virtual workforce platform will host the competition for learners across North America. Learners will register at https://tallo.com/unreal-engine-competition/ and then will be directed over to Unreal Futures: Careers in Advertising learning pathway. Upon completion, learners will upload their badge on Tallo and submit their final interactive 3D ad for the chance to win as much as $5,000 (top prize category). Winners will be announced and shared on Earth Day, April 22, 2021. «At Tallo, we know that bridging the gap between talent and employers is all about fostering the right connections. We’re honored to have the Tallo platform serve as the virtual ecosystem to show the world — and industry leaders — the impressive skills the next generation has to offer,» said Casey Welch, CEO and Co-founder of Tallo.

The competition includes a distinguished list of expert judges and collaboration with NASEF.org, a learning provider connecting students to a virtual platform to acquire skills critical to today’s workforce through gaming and eSports. «NASEF is excited to be a partner in this opportunity to share Unreal Engine and all its value to students through our lens of play (gaming and esports),» said Gerald Solomon, Founder and Executive Director of NASEF. «Esports, when filtered through the lens of learning and academics can have a profound impact on the ability of students and young adults to see the opportunities that are available to them to thrive.»

«We are so thrilled to have this as part of the Close It Summit this year,» said Jamai Blivin, CEO of Innovate+Educate and producer of the Summit. «These skills are increasingly growing in so many industries, including advertising, film and television, architecture, automotive, aerospace, and more. As the Future of Work has now arrived, it’s critical to bring awareness to educators, learning institutions, workforce intermediaries and funders the importance of these skills across industry.»

************

About Unreal Engine: Epic Games’ Unreal Engine is the world’s most open and advanced real-time 3D tool. Creators across games, film, television, architecture, automotive and transportation, advertising, live events, and training and simulation choose Unreal to deliver cutting-edge content, interactive experiences, and immersive virtual worlds. Follow @UnrealEngine and download Unreal for free at unrealengine.com.

About Innovate+Educate: Innovate+Educate is a national nonprofit focused on the future of work based on skills and skills-based hiring. They are also the producer of the Close It Summit, a leading summit on the SHIFT happening across learning and workforce development. https://innovate-educate.org/

About NASEF: The North America Scholastic Esports Federation is on a mission to provide opportunities for ALL students to use esports as a platform to acquire critical communication, collaboration, and problem-solving skills needed to thrive in work and in life. In 2021, the new World Wide Scholastic Esports Foundation will incorporate NASEF along with other international partners. Find NASEF on Twitch, Twitter, Facebook, and Instagram.

About Tallo: Tallo’s virtual workforce platform provides a means for talent and talent seekers to overcome traditional geographic and socioeconomic boundaries and assists in the development, retention, reskilling, and attraction of talent. Over one million Tallo users showcase their skills and accomplishments, connect with post-secondary institutions and companies, and have access to customized career pathways and financial assistance guidance. For more information about Tallo, visit http://www.tallo.com.

Media Contact

Jamai Blivin, Innovate+Educate, 5056297071, jamai.blivin@innovate-educate.org

 

SOURCE Innovate+Educate

Perpetua Resources and Nez Perce Tribe Agree to Stay of Clean Water Act Litigation

BOISE, Idaho, Feb. 17, 2021 /PRNewswire/ – Perpetua Resources Corp. (formerly Midas Gold Corp.) (TSX: MAX) (OTCQX: MDRPF) («Perpetua Resources» or the «Company») released the following statement regarding an agreement with the Nez Perce Tribe to stay the Tribe’s Clean Water Act lawsuit:

«The Nez Perce Tribe and Perpetua Resources (previously Midas Gold) have jointly moved for a 3-month stay of the Tribe’s Clean Water Act lawsuit while they pursue a Court-ordered dispute resolution…

BOISE, Idaho, Feb. 17, 2021 /PRNewswire/ – Perpetua Resources Corp. (formerly Midas Gold Corp.) (TSX: MAX) (OTCQX: MDRPF) («Perpetua Resources» or the «Company») released the following statement regarding an agreement with the Nez Perce Tribe to stay the Tribe’s Clean Water Act lawsuit:

«The Nez Perce Tribe and Perpetua Resources (previously Midas Gold) have jointly moved for a 3-month stay of the Tribe’s Clean Water Act lawsuit while they pursue a Court-ordered dispute resolution process. The litigation stay will allow the parties to work with a neutral judge or mediator to determine if there are grounds to work out a resolution of the lawsuit.»

A copy of today’s filing can be found here.

Website: www.perpetuaresources.com

About Perpetua Resources and the Stibnite Gold Project
Perpetua Resources Corp., through its wholly owned subsidiaries, is focused on the exploration, site restoration and redevelopment of gold-antimony-silver deposits in the Stibnite-Yellow Pine district of central Idaho that are encompassed by the Stibnite Gold Project. The Project is one of the highest-grade, open pit gold deposits in the United States and is designed to apply a modern, responsible mining approach to restore an abandoned mine site and produce both gold and the only mined source of antimony in the United States. Antimony is a federally designated critical mineral for its use in the national defense, aerospace and technology sectors. In addition to the company’s commitments to transparency, accountability, environmental stewardship, safety and community engagement, Perpetua Resources adopted formal ESG commitments which can be found here.

Cision View original content:http://www.prnewswire.com/news-releases/perpetua-resources-and-nez-perce-tribe-agree-to-stay-of-clean-water-act-litigation-301230447.html

SOURCE Perpetua Resources Corp.

Fredrick D. Scott anuncia el fin de su período de libertad condicional

NUEVA YORK, 17 de febrero de 2021 /PRNewswire-HISPANIC PR WIRE/ — Fredrick D. Scott anunció hoy el fin de su período de libertad condicional de tres años en relación con la declaración de culpabilidad por conspiración para cometer el delito de fraude electrónico y declaración falsa de un hecho sustancial ante la Comisión de Bolsa y Valores de los EE. UU. (la SEC), declaración que la fiscalía obtuvo mediante la intimidación y la coerción tras el intento fallido de que se dictara un auto…

NUEVA YORK, 17 de febrero de 2021 /PRNewswire-HISPANIC PR WIRE/ — Fredrick D. Scott anunció hoy el fin de su período de libertad condicional de tres años en relación con la declaración de culpabilidad por conspiración para cometer el delito de fraude electrónico y declaración falsa de un hecho sustancial ante la Comisión de Bolsa y Valores de los EE. UU. (la SEC), declaración que la fiscalía obtuvo mediante la intimidación y la coerción tras el intento fallido de que se dictara un auto de procesamiento.

Aunque nunca fue acusado formalmente por un jurado de pares, y siendo la única persona imputada en el caso formulado en su contra, debido a la presión aplicada por la fiscalía y las amenazas de imputación y deportación de la mujer que entonces era su esposa, quien se encontraba tramitando su tarjeta de residente permanente, Fredrick renunció a su derecho a un auto de procesamiento y acordó una negociación de la condena basada en la información de un fiscal, tras lo cual fue sentenciado a cinco años de pena privativa de la libertad en una cárcel federal y tres años de libertad condicional.

«No estoy conforme con las circunstancias y situaciones que enmarcaron mi declaración de culpabilidad, y tampoco me alegra el tiempo que pasé lejos de mis hijos. Pero el resultado final de lo que ocurrió, por extraño que parezca, fue lo mejor que pudo haberme pasado en ese momento. Me dio tiempo, tiempo para descubrirme, para aprender a amarme y aceptarme por lo que soy, para hallar mi propósito y vocación en la vida y comprender lo que realmente significa ser ‘negro en los EE. UU.’. He experimentado todo lo que una persona desea y también lo que no desea, y es por eso que hoy puedo aprovechar de manera eficaz mis conocimientos, experiencia y capacidad ejecutiva para lograr un verdadero impacto y cambio en las comunidades desfavorecidas de los Estados Unidos y de otros países, ¡y es mi anhelo lograrlo!»

Acerca de Fredrick D. Scott:

Fredrick D. Scott es director ejecutivo de The Scott Family Office Intl. La empresa está estructurada como gestora del patrimonio de una sola familia, y es el propio Fredrick quien administra los activos familiares. Asimismo, ocupa el cargo de presidente del directorio de la fundación con sede en la ciudad de Nueva York, The Scott Family Foundation Intl., una organización de la sociedad civil (CSO) y miembro del Pacto Mundial de las Naciones Unidas. Fredrick es consultor empresarial, inversor en capital privado, orador motivacional, activista social y filántropo. Incluido en la lista «Top 30 Under 30» de la revista Ebony en mayo de 2010 con solo 25 años, Fredrick fue, en su momento, el fundador afroamericano de fondos de inversión más joven de la historia.

Fredrick es el pionero del movimiento #GetRealWoke. Este movimiento tiene como fin promover la estabilidad económica, la viabilidad y la mejora de nuestra comunidad mediante el fomento de iniciativas de educación financiera y la lucha contra la vigilancia policial abusiva, el encarcelamiento y las tácticas económicas utilizadas para privar a perpetuidad a las comunidades de color de sus derechos y convertirlas en esclavos modernos en los Estados Unidos. Si desea conocer más sobre Fredrick y su labor, visite: https://fredrickdscott.com, y en Instagram: @fredrickdscott

Contacto: Terracia Wilkinson, BTaylor & Associates,
404.631.6700, twilkinson@btaylorandassociates.com

Fotografía: https://mma.prnewswire.com/media/1439873/Fredrick_D_Scott.jpg  

 

FUENTE Fredrick D. Scott LLC

Ovintiv Announces Enhanced Compensation, Governance and Environmental Initiatives

DENVER, Feb.17, 2021 /PRNewswire/ – Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today, in conjunction with reporting its fourth quarter and full-year 2020 results, provided an update on enhanced corporate governance, compensation and environmental initiatives.

Highlights:

  • Executive Compensation: Modified executive compensation program, adding debt reduction to short term incentive structure, as well as the inclusion of the S&P and XOP indices in Ovintiv’s performance share unit (PSU)…

DENVER, Feb.17, 2021 /PRNewswire/ – Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today, in conjunction with reporting its fourth quarter and full-year 2020 results, provided an update on enhanced corporate governance, compensation and environmental initiatives.

Highlights:

  • Executive Compensation: Modified executive compensation program, adding debt reduction to short term incentive structure, as well as the inclusion of the S&P and XOP indices in Ovintiv’s performance share unit (PSU) peer group, a return on invested capital (ROIC) metric in the Company’s long term incentive (LTI) structure, and the addition of a methane emissions intensity target across the incentive pay structure for all employees.
  • Governance Enhancement: Board adopted a «Rooney Rule» requirement to ensure a diverse group of candidates are included in its Director search process. 
  • Environment and Safety: Continued to build on a foundation of superior risk management, achieving less than 0.5% flare and vent performance in the fourth quarter of 2020. Despite the challenges presented by COVID-19, the Company reported its seventh consecutive safest year ever in 2020, with total recordable incident frequency (TRIF) for both employees and contractors dropping to 0.19.

Ovintiv’s independent Board Chair Peter Dea said, «We are pleased to announce these important updates, which stem from our ongoing dialogue and annual Board shareholder outreach program, and a continuation of actions taken over the last two years. Our Board works to integrate our ESG initiatives with corporate strategy to deliver strong business outcomes and shareholder returns over the long-term. Board engagement is a vital part of identifying issues important to our stakeholders and most notably, tracking and reporting progress on our path to continuously enhancing our business. We believe we have industry-leading practices across several ESG facets, but we recognize this is a journey and the Board challenges itself and the Ovintiv management team to continuously improve. Today’s enhancements ensure we incentivize value-creation at every level of the organization through rigorous goal setting and compensation actions to drive lasting value.»

Executive Compensation

Ovintiv’s Board regularly reviews executive compensation to ensure alignment with the Company’s shareholders and industry best practice. The Human Resources and Compensation Committee have made the following changes to named executive officer (NEO) compensation in 2020 and 2021:

  • Reduced target value of LTI awards granted to NEOs by 15% in 2020.
  • Included a 33% methane intensity reduction target by 2025—benchmarked to 2019 results; the new metric will be included in the annual incentive pay for all employees beginning in 2021.
  • LTI payouts now settled in shares to build insider ownership.
  • Capped the relative total shareholder return (TSR) payout of PSU awards at 100% beginning in 2020 if Ovintiv’s three-year TSR for the performance period is negative. The cap is to be applied regardless of peer-group relative performance.
  • Added the S&P 400 and XOP indices to its 2021 PSU peer group, measuring performance against the broader market and a more diverse group of industry peers.
  • Emphasized key financial metrics in the 2021 Company scorecard that include debt reduction, non-GAAP Free Cash Flow, capital efficiency and Total Costs.
  • Included a ROIC metric in the 2021 LTI program.
  • With input from the Board’s compensation consultant, the Board rigorously reviewed and strengthened its annual incentive targets.

The Committee’s decisions were based on feedback from Ovintiv’s ongoing shareholder engagement program. During 2020, members of the Board and management directly engaged with shareholders representing more than 40% of outstanding shares.

Governance Enhancement

Ovintiv has an active, engaged and independent Board that is diverse by gender, skills and experiences. In mid-2020 the board retained an external consultant to support board refreshment and succession with a goal to ensuring the company has the skills required for today and the future and accesses diverse perspectives. Since 2019, the Board has added three new directors, announced the retirement of two long-tenured directors, appointed new chairs to its standing committees, as well as a new non-executive chairman. Board rejuvenation is an important conduit to new ideas, effective oversight and adapting to stakeholder expectations. At the end of 2020, average board tenure was approximately 6 years, which compares favorably to the S&P 500 member-company average of approximately 10 years.

The Board values and is committed to diversity. The Company’s corporate governance framework has been revised to further reflect this commitment. On February 10, 2021, the Board adopted a requirement that candidates of gender and racial or ethnic diversity are sought out and included in its Director search processes, commonly known as the «Rooney Rule».

Environment and Safety

Ovintiv continues to build on a track record of peer-leading performance on emissions reduction through technology and operating performance. Ovintiv is ranked at the top amongst 12 industry peers across key third party ESG rating agencies.

Building on this foundation and with input from third-party experts, Ovintiv set a target in the fourth quarter of 2020 to reduce its methane intensity by 33% to 0.10 metric tons CH4/thousand barrels of oil equivalent (CH4/MBOE) by 2025. The target will be benchmarked against 2019 actual methane intensity of 0.15 metric tons CH4/MBOE. Additional details can be found in the Company’s 16th annual Sustainability Report (https://www.ovintiv.com/sustainability/).

The Company works continuously to reduce the impact of its operations and in 2020 significantly reduced flaring and venting of natural gas across its operations. Ovintiv does not engage in routine flaring by ensuring that gas gathering infrastructure is in place for all wells drilled. In the fourth quarter of 2020, flared and vented gas volumes accounted for less than 0.5% of total natural gas sales volumes, down significantly from approximately 1.2% in 2019. The Company has also been working closely with third party midstream providers to reduce emissions.

The Company has been a leader and early adopter of key disclosure frameworks from the Task Force on Climate-related Financial Disclosures (TCFD) and the Sustainability Accounting Standards Board (SASB). Ovintiv released its TCFD- and SASB-aligned Sustainability Report in the fourth quarter of 2020 for the 16th consecutive year. Ovintiv executives also serve in leadership roles on climate-related issues within the largest industry trade associations in North America and are collaborating with industry peers to ensure consistent methodology and disclosure of key metrics across the industry.

The Company remains committed to protecting the health of its workforce. At the onset of the pandemic, the Company established a cross-functional Pandemic Response Team, including medical professionals, and developed and implemented risk-based protocols and procedures. These actions enabled Ovintiv’s employees and contractors to safely continue their work in the field and for low-risk staff to return to the office. For the seventh consecutive year, Ovintiv recorded the safest year in its history with TRIF dropping to 0.19 for both employees and contractors. Peer leading safety performance remains a component of the Ovintiv’s executive compensation 2021 scorecard.

Fourth Quarter and Full Year 2020 Results

The Company today issued a separate news release on its fourth quarter and full-year 2020 financial and operating results and its 2021 Outlook. A conference call and webcast to discuss recent results will be held at 9 a.m. MT, February 18, 2021. Supplemental slides and financial statements are available at www.ovintiv.com.

About Ovintiv Inc.

Ovintiv is one of the largest producers of oil, condensate and natural gas in North America. The Company is committed to preserving its financial strength, maximizing profitability through disciplined capital investments and operational efficiencies and returning capital to shareholders. A talented team, in combination with a culture of innovation and efficiency, fuels Ovintiv’s economic performance, increases shareholder value and strengthens its commitment to sustainability in the communities where its employees live and work.

Advisory Regarding Non-GAAP Measures   

Certain measures in this news release do not have any standardized meaning as prescribed by U.S. GAAP and, therefore, are considered non-GAAP measures. These measures may not be comparable to similar measures presented by other companies and should not be viewed as a substitute for measures reported under U.S. GAAP. These measures are commonly used in the oil and gas industry and/or by Ovintiv to provide shareholders and potential investors with additional information regarding the Company’s liquidity and its ability to generate funds to finance its operations. For additional information regarding non-GAAP measures, see the Company’s website. This news release contains references to non-GAAP measures as follows:

  • Non-GAAP Cash Flow is a non-GAAP measure defined as cash from (used in) operating activities excluding net change in other assets and liabilities, net change in non-cash working capital and current tax on sale of assets. Non-GAAP Free Cash Flow is a non-GAAP measure defined as Non-GAAP Cash Flow in excess of capital expenditures, excluding net acquisitions and divestitures.
  • Total Costs is a non-GAAP measure which includes the summation of production, mineral and other taxes, upstream transportation and processing expense, upstream operating expense and administrative expense, excluding the impact of long-term incentive costs, restructuring costs and current expected credit losses. It is calculated as total operating expenses excluding non-upstream operating costs and non-cash items which include operating expenses from the Market Optimization and Corporate and Other segments, depreciation, depletion and amortization, impairments, accretion of asset retirement obligation, long-term incentive costs, restructuring costs and current expected credit losses. When presented on a per BOE basis, Total Costs is divided by production volumes. Management believes this measure is useful to the Company and its investors as a measure of operational efficiency across periods.

ADVISORY REGARDING FORWARD-LOOKING STATEMENTS – This news release contains certain forward-looking statements or information (collectively, «FLS») within the meaning of applicable securities legislation, including the United States Private Securities Litigation Reform Act of 1995. FLS include: future financial and operating results. FLS involve assumptions, risks and uncertainties that may cause such statements not to occur or results to differ materially. These assumptions include expectations and projections made in light of the Company’s historical experience. Risks and uncertainties include: ability to generate sufficient cash flow to meet obligations; commodity price volatility and impact to the Company’s stock price and cash flows; ability to secure adequate transportation and potential curtailments of refinery operations, including resulting storage constraints or widening price differentials; discretion to declare and pay dividends, if any; business interruption, property and casualty losses or unexpected technical difficulties; impact of COVID-19 to the Company’s operations, including maintaining ordinary staffing levels, securing operational inputs, executing on portions of its business and cyber-security risks associated with remote work; counterparty and credit risk; impact of changes in credit rating and access to liquidity, including costs thereof; risks in marketing operations; risks associated with technology; risks associated with decommissioning activities, including timing and costs thereof; and other risks and uncertainties as described in the Company’s Annual Report on Form 10-K, Quarterly Report on Form 10-Q and as described from time to time in its other periodic filings as filed on EDGAR and SEDAR. Although the Company believes such FLS are reasonable, there can be no assurance they will prove to be correct. The above assumptions, risks and uncertainties are not exhaustive. FLS are made as of the date hereof and, except as required by law, the Company undertakes no obligation to update or revise any FLS.

SOLICITATION OF PROXIES – Ovintiv intends to file a proxy statement and WHITE proxy card with the U.S. Securities and Exchange Commission (the «SEC») and Canadian securities regulatory authorities in connection with its solicitation of proxies for its 2021 Annual Meeting of Stockholders (the «2021 Annual Meeting»). OVINTIV STOCKHOLDERS ARE STRONGLY ENCOURAGED TO READ THE DEFINITIVE PROXY STATEMENT (AND ANY AMENDMENTS AND SUPPLEMENTS THERETO) AND ACCOMPANYING WHITE PROXY CARD WHEN THEY BECOME AVAILABLE AS THEY WILL CONTAIN IMPORTANT INFORMATION. Stockholders may obtain the proxy statement, any amendments or supplements to the proxy statement and other documents as and when filed by Ovintiv with the SEC without charge from the SEC’s website at www.sec.gov and Canadian securities regulatory authorities at www.sedar.com.

Certain Information Regarding Participants

Ovintiv, its directors and certain of its executive officers may be deemed to be participants in connection with the solicitation of proxies from Ovintiv’s stockholders in connection with the matters to be considered at the 2021 Annual Meeting. Information regarding the ownership of Ovintiv’s directors and executive officers in Ovintiv common stock is included in their SEC filings on Forms 3, 4, and 5, which can be found through the SEC’s website at www.sec.gov. Information can also be found in Ovintiv’s other SEC filings. More detailed and updated information regarding the identity of potential participants, and their direct or indirect interests, by security holdings or otherwise, will be set forth in the proxy statement and other materials to be filed with the SEC. These documents can be obtained free of charge from the sources indicated above.

Further information on Ovintiv Inc. is available on the Company’s website, www.ovintiv.com, or by contacting:

Investor contact:

(888) 525-0304 

Media contact:

(281) 210-5253

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/ovintiv-announces-enhanced-compensation-governance-and-environmental-initiatives-301230376.html

SOURCE Ovintiv Inc.

CN Energy Group. Inc. Announces Full Exercise of Underwriters’ Over-Allotment Option

LISHUI, China, Feb. 17, 2021 /PRNewswire/ — CN Energy Group. Inc. (the «Company»), a China-based manufacturer and supplier of wood-based activated carbon and a producer of biomass electricity, today announced that the underwriters of its initial public offering (the «Offering») had exercised in full their option to purchase 750,000 additional ordinary shares at a public offering price of US$4.00 per share to cover…

LISHUI, China, Feb. 17, 2021 /PRNewswire/ — CN Energy Group. Inc. (the «Company»), a China-based manufacturer and supplier of wood-based activated carbon and a producer of biomass electricity, today announced that the underwriters of its initial public offering (the «Offering») had exercised in full their option to purchase 750,000 additional ordinary shares at a public offering price of US$4.00 per share to cover over-allotments.

Gross proceeds from the Offering, including proceeds from the exercise of the over-allotment option, totaled US$23 million, before deducting underwriting discounts and other related expenses. The Company’s ordinary shares began trading on the Nasdaq Capital Market on February 5, 2021 under the ticker symbol «CNEY.»

Proceeds from the Offering will be used to fund the construction of a new manufacturing facility in Manzhouli City and for research and development, working capital, and general corporate purposes.

The Offering was conducted on a firm commitment basis. Network 1 Financial Securities, Inc. served as representative of the underwriters for the Offering. Hunter Taubman Fischer & Li LLC acted as counsel to the Company, and Loeb & Loeb LLP acted as counsel to Network 1 Financial Securities, Inc. in connection with the Offering.

A registration statement on Form F-1 relating to the Offering was filed with the Securities and Exchange Commission («SEC») (File Number: 333-239659) and was declared effective by the SEC on February 4, 2021. The Offering is being made only by means of a prospectus, forming a part of the registration statement. Copies of the final prospectus relating to the Offering may be obtained from Network 1 Financial Securities, Inc., by email at kmu@netw1.com or standard mail to Network 1 Financial Securities, Inc., 2 Bridge Avenue, Suite 241 Red Bank, NJ 07701. In addition, a copy of the prospectus relating to the Offering may be obtained via the SEC’s website at www.sec.gov.

Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more complete information about the Company and the Offering. This press release does not constitute an offer to sell, or the solicitation of an offer to buy any of the Company’s securities, nor shall such securities be offered or sold in the United States absent registration or an applicable exemption from registration, nor shall there be any offer, solicitation, or sale of any of the Company’s 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.

About CN Energy Group. Inc.

CN Energy Group. Inc. is a China-based manufacturer and supplier of wood-based activated carbon and a producer of biomass electricity. The Company also provides activated carbon related technical services. Its wood-based activated carbon is primarily used in pharmaceutical manufacturing, industrial manufacturing, water purification, environmental protection, and food and beverage production. For more information, visit the company’s website at www.cneny.com.

Forward-Looking Statements

All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the Company’s proposed Offering. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can identify these forward-looking statements by words or phrases such as «may,» «will,» «expect,» «anticipate,» «aim,» «estimate,» «intend,» «plan,» «believe,» «potential,» «continue,» «is/are likely to» or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and in its other filings with the SEC.

For more information, please contact:

Global Video Media Corp
Donna Yang
Phone: (929) 366-5099
Email: info@gcw.tv

Cision View original content:http://www.prnewswire.com/news-releases/cn-energy-group-inc-announces-full-exercise-of-underwriters-over-allotment-option-301230363.html

SOURCE CN Energy Group. Inc.