Geovanny Vicente – Página 37

Marc Anthony, «Una Noche» su primer y único concierto global de transmisión digital en vivo

MIAMI, 3 de marzo de 2021 /PRNewswire-HISPANIC PR WIRE/ — Marc Anthony vuelve a apoderarse de los escenarios de una manera innovadora, con su único concierto LIVESTREAM: «Una Noche«, transmitido en vivo, el Sábado 17 de abril, desde la ciudad de Miami. Un espectáculo histórico de primer nivel, completamente renovado y acorde a estos nuevos tiempos, que moverá las fibras más íntimas de todos sus fanáticos. El artista con más de 70 hits #1 en la lista de Billboard (Latino), siete veces ganador del GRAMMY® y Latin GRAMMY®, con más de 30 millones de álbumes vendidos en todo el mundo, hará que cada espectador viva una experiencia inigualable, un espectáculo en directo, en el que la energía, la producción y la música estarán destinadas a captar al público y no soltarlo hasta el final.

«La vida nos ha cambiado… indudablemente. Pero la música sigue siendo un cable a tierra para todos. Nos permite seguir manteniendo viva la ilusión, el amor y la alegría. Y aunque por seguridad no podamos estar todavía frente a frente, estoy seguro que este concierto creará una magia increíble, que logre conectarme con mi público, donde quiera que esté y con todos los que necesiten un toque de música para seguir adelante; para mantener la ilusión por la vida», señala Marc Anthony.

Los boletos para el LIVESTREAM: «Una Noche» están disponibles a través de su página oficial www.marcanthonyonline.com. Un espectáculo que promete ser una experiencia inigualable que permitirá a los fanáticos de todo el mundo bailar y divertirse en la comodidad de sus hogares mientras disfrutan de una manera segura y responsable.

Esta super producción contará con la dirección del reconocido director creativo, ganador del GRAMMY® y fundador de Elastic People Carlos Perez (Despacito, Vivir Mi Vida, Esta Rico Apple Music Latin Playlist Branding, Spotify‘s WY Live from The Hit Factory, and others) con la producción de Magnus Studios. La promoción y distribución del evento, a nivel mundial, estará a cargo de Loud And Live y Loud And Live Studios respectivamente, una de las empresas con mayor experiencia en eventos con audiencias globales.

«En Magnus Studios, nos hemos propuesto crear experiencias de contenido y entretenimiento únicas para audiencias globales. La música está en nuestro ADN y esto marcará la primera de muchas producciones de contenido musical en nuestra línea de producción. No podemos estar más orgullosos de comenzar con el nuestro, Marc Anthony, para preparar el escenario para lo que está por venir», agregó Felipe Pimiento, COO de Magnus y director de Magnus Studios.

Este concierto dará la oportunidad a los aficionados de Marc Anthony alrededor del mundo unirse por una noche , y por una razón: para celebrar a Marc y su música de una forma inolvidable.

«No hay generación que no ha bailado o disfrutado de la música de Marc Anthony. Para Loud And Live Studios, es un orgullo poder colaborar con uno de los artistas latinos más legendarios en su primer y único concierto global virtual. A pesar de no poder ofrecer eventos en vivo durante este último período, estos conciertos virtuales nos han ayudado a continuar y traer experiencias únicas a nuestras audiencias globales», dijo Nelson Albareda, CEO de Loud And Live.

Boletosa la venta hoy a nivel mundial en www.marcanthonyonline.com.

Sobre Loud And Live

Loud And Live, una empresa de entretenimiento, mercadeo, medios y eventos en vivo, que fusiona música, deportes, estilo de vida y desarrollo de contenido. Con sede en Miami y presencia en Estados Unidos, Europa y América Latina. Loud And Live está impulsada por su pasión en crear experiencias atractivas para audiencias globales.

Sobre Magnus Studios

Magnus Studios es una división de la empresa de entretenimiento y deportes de Marc Anthony MAGNUS Media que incluye unidades operativas con divisiones de manejo de artistas, editora musical, un sello discográfico una división de deportes, creación de contenido digital, cine y televisión, una agencia de talento, y una división de mercadeo centrada en entretenimiento para equilibrar el poder y potencial de los grandes creadores de contenidos Latinos en los EE.UU. y alrededor del mundo. Magnus Stu– dios se concentra en el desarrollo, creación y producción de contenido de video digital, producción de cine y televisión, así como la creación de música original para publicidad, cine y televisión con la participación de galardonados artistas y compositores.

Magnus también representa un listado de artistas y atletas que incluyen a las estrellas de la música de la música urbana Gente de Zona, el cantante y compositor Fonseca, la personalidad de radio Enrique Santos, el duo del pop Mau y Ricky, Cimafunk, Luis Figueroa, Sebas, Calle & Poche y más de 60 estrellas profesionales de béisbol, incluyendo al lanzador de las grandes ligas de los New York Yankees Aroldis Chapman y a Vladimir Guerrero Jr. de los Toronto Blue, entre otros.

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Contactos:

Sigue a Loud And Live
www.loudlive.com
www.instagram.com/loud_live
www.instagram.com/loudliveentertainment/
www.instagram.com/loudlivesports/

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Logo – https://mma.prnewswire.com/media/1448408/Magnus_Studio_Logo.jpg

FUENTE Loud And Live

Marc Anthony: One Night Only

MIAMI, March 3, 2021 /PRNewswire/ — Marc Anthony‘s impact as a global music icon crosses borders, genres, and generations. On Saturday, April 17^th, the seven-time GRAMMY® and Latin GRAMMY® award winner and Platinum selling artist with over 70 #1 hits on the billboard charts and over 30 million records sold, brings a brand-new show to his fans across the world for One Night Only, a global livestream event. This first and only livestream…

A worldwide livestream concert on Saturday, April 17th

The livestream concert, which will offer a up close & personal style designed around the fans, will make each viewer feel uniquely connected to the experience, making sure they feel the intimacy of his ballads and the pulsating energy of his dance hits. The energy, the setting, the production, and the music are all aimed at grabbing a hold of the audience and not letting go until the very end. As close to a front row type concert in your very own living room, the viewers will have an experience that cannot be duplicated, not even in a live stage show.

«Life has changed us… undoubtedly. But music is still a tethering wire for us all. It allows us to continue maintaining the illusion, love, and joy alive. And although for safety reasons we cannot be face-to-face yet, I am sure that this concert will create an incredible magic, that will allow me to connect with my audience, wherever they are, and with all those who need a touch of music to move forward, to maintain the passion for life,» said Marc Anthony.

The global livestream event will be directed by renowned GRAMMY® Award winning director Carlos Perez (Despacito, Vivir Mi Vida, Esta Rico Apple Music Latin Playlist Branding, Spotify‘s WY Live from The Hit Factory, and others), and produced by Magnus Studios. The worldwide marketing efforts are led by Loud And Live, an industry leader in concert production and promotion, while the global distribution will be managed by Loud And Live Studios, the company‘s content development and distribution arm.

«At Magnus Studios, we have set out to create unique content & entertainment experiences for worldwide audiences. Music is in our DNA and this will mark the first of many music content productions in our production pipeline, we couldn’t be prouder than starting with our own, Marc Anthony, to set the stage for what‘s to come,» added Felipe Pimiento, Magnus COO and Head of Magnus Studios.

This event will allow Marc Anthony fans from all corners of the world to unite on one night, for one reason: to enjoy Marc and his music like never before.

«There is no generation that has not danced or enjoyed Marc Anthony’s music. So, it gives us great pride to be able to collaborate with one of the most distinguished and legendary Latin artists of our time, in what will be his first and only virtual global concert», said Nelson Albareda, CEO of Loud And Live. «And despite not being able to offer live events during this time, these virtual concerts have helped us forge ahead and bring unique experiences to our global audiences» Albareda added.

Tickets on sale today worldwide at www.marcanthonyonline.com.

About Loud And Live

An Entertainment, Marketing, Media & Live Events Company, Loud And Live performs at the intersection of music, sports, lifestyle and content development. Headquartered in Miami, with presence across the US, Europe and Latin America, Loud And Live is driven by its passion to create engaging experiences for global audiences.

About Magnus Studios

Magnus Studios is a division of Marc Anthony‘s entertainment and sports venture Magnus Media, that includes operating divisions handling artist management, music publishing, a music label, a sports division, and a talent agency, all focused on leveraging the power of top Latino content creators worldwide.

Magnus Studios focuses on the development, creation and production of digital video content, film and television production as well as creation of original music for Advertising, Film & TV from award-winning recording artists and composers.

Magnus also represents a roster of artists and athletes that includes Latin music superstars urban music stars Gente de Zona, recording artist Fonseca, radio personality Enrique Santos, pop duo Mau y Ricky, Cimafunk, Luis Figueroa, Sebas, Calle & Poche and over 60 professional baseball players including New York Yankees pitcher Aroldis Chapman and Toronto Blue Jays star Vladimir Guerrero Jr. among many others.

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Contact:

Follow Loud And Live
www.loudlive.com
www.instagram.com/loud_live
www.instagram.com/loudliveentertainment/
www.instagram.com/loudlivesports/

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SOURCE Loud And Live

Expanding Access to Credit Could Shrink the Homeownership Race Gap

SEATTLE, March 3, 2021 /PRNewswire/ — Limited access to credit-building products and services disproportionately cuts off Black and Latinx Americans from the wealth-building advantages of homeownership that can last for generations, a new Zillow® analysis shows, shedding…

Twenty-six million Americans do not have a credit recordⁱ and around 12.5 million adults live in «credit insecure» counties,ⁱⁱ characterized by a high number of residents with poor or no credit history, as well as relatively limited structural access to formal credit products and services. A disproportionate number are Black or Latinx.

One of the many consequences of restricted credit access is the inability to secure homeownership — nearly three-quarters of home buyers (72%) obtain a loan to help pay for their home, and an even higher rate of Black (78%) and Latinx (77%) home buyers do.ⁱⁱⁱ As counties become more credit secure there is a direct and meaningful correlation with higher homeownership rates,^iv outlining a possible path to bridging the racial homeownership gap. Potential drivers could include adjusting the way credit history is recorded and expanding the reach of small lenders that are less likely to deny applicants based on their credit history.

«Lower homeownership is just one of many negative results borne out of poor credit health in communities nationwide,» said Nicole Bachaud, economic data analyst at Zillow. «For many, walking into a bank or going online to apply for a loan or open a new credit card is simple. But for those excluded from the formal credit market in this country, it is a far more daunting task, and Black and Latinx households are especially vulnerable. A shift in credit reporting might be a first step to reducing the systemic barriers into homeownership and the financial market overall.»

Currently, credit history, or lack thereof, is the number one reason mortgage applications are denied to Black applicants, underscoring the potential for progress in this area. About 15% of Black and Latinx Americans are «credit invisible,» completely lacking a record of credit, compared to 9% of white and Asian Americans.

Being credit invisible can create a catch 22 that’s difficult to break out of — opening new lines of credit is often conditional on having an existing credit score — and can bleed into future generations, as lack of access to credit now will limit future wealth accumulation and the amount of generational wealth available to pass on.

President Biden’s administration has proposed restructuring the current credit system to accept non-traditional sources of data like rental payments and utility bills as an alternative path to establishing a credit history. The goal of such a restructuring would be to bring many credit invisible individuals into the system they are currently locked out of.

Not only are Black and Latinx individuals more prone to being credit invisible, they are also more highly concentrated in counties with higher credit insecurity. Almost one in 10 Black households (9.7%) and 7.9% of Latinx households live in counties considered credit insecure, compared to 2.7% of white households and 3.5% of Asian households.

The presence of smaller, more localized banks in a community could improve access to credit in these types of areas where credit insecurity is high. The overall mortgage denial rate at small banks — those with less than 1,000 applications received — was 7.4% in 2019, less than half the rate (17.2%) at large banks with more than 100,000 applications. And only 2.6% of all mortgage applications at small banks were denied based on credit, again less than half the rate (5.7%) at large banks. Small banks are currently less prevalent in counties that are considered credit insecure.

Race	Overall Mortgage Denial Rate*	Most Common Reason for Denial*	Share of Households in «Credit Assured» Counties**	Share of Households in «Credit Insecure» Counties**
All	14.4%	High debt-to-income ratio	28.8%	4.6%
Asian	14.3%	High debt-to-income ratio	31.8%	3.5%
Black	24.3%	Poor credit history	16.3%	9.7%
Latinx	19.2%	High debt-to-income ratio	16.2%	7.9%
White	13.7%	High debt-to-income ratio	34.7%	2.7%

*Source: 2019 Home Mortgage Disclosure Act

**Sources: Federal Reserve Bank of New York’s Credit Insecurity Index, 2018; American Community Survey, 2018

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 United States, 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 brands, 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 Consumer Financial Protection Bureau: https://files.consumerfinance.gov/f/201505_cfpb_data-point-credit-invisibles.pdf
ⁱⁱ Federal Reserve Bank of New York: https://www.newyorkfed.org/medialibrary/media/outreach-and-education/community-development/constraints-on-access-to-credit.pdf
ⁱⁱⁱ Zillow Consumer Housing Trends Report, 2020
^iv Zillow analyzed the Federal Reserve Bank of New York’s Credit Insecurity Index and found that for every 10-point increase in a given county’s credit insecurity index score, homeownership fell by 2%. https://www.newyorkfed.org/medialibrary/media/outreach-and-education/community-development/constraints-on-access-to-credit.pdf

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SOURCE Zillow

DuPont Awarded Grant from Singapore’s National Water Agency to Increase Sustainability of Desalination for Clean Water

WILMINGTON, Del., March 3, 2021 /PRNewswire-PRWeb/ — DuPont (NYSE:DD) has been awarded a three-year, $1.3 million USD grant from PUB, Singapore’s National Water Agency on behalf of National Research Foundation, Singapore (NRF) to determine how Closed Circuit Reverse Osmosis (CCRO) technology can be applied to desalination processes to make the purification of seawater more energy efficient, flexible and…

DuPont Water Solutions, a leading manufacturing of reverse osmosis and desalination membranes, obtained the globally patented and unique CCRO process technology with the acquisition of Desalitech Ltd. in January 2020. CCRO leverages a standardized design, a smart software, and standard components to help customers purify and reuse more water through higher recovery rates, lower energy consumption and reduced maintenance compared to traditional reverse osmosis. CCRO has proven to deliver up to 90-98 percent water recovery with reduced energy usage and superior fouling and scaling resistance for the purification and reuse of brackish water within industrial, municipal, and wastewater applications.

The grant will enable DuPont to continue to advance and expand the applications of the CCRO technology to bring its benefits to desalination processes and make it commercially viable for seawater reverse osmosis systems. Through this project, the CCRO technology will be optimized for seawater desalination systems to operate at 15 percent or lower energy than conventional reverse osmosis systems using energy recovery devices. The project also intends to demonstrate additional benefits of minimizing maintenance through fewer cleanings, and the ability to automatically adapt to variable salinity feed source. Closed circuit reverse osmosis desalination systems, as more autonomous, data-driven solutions, will be well suited to support the clean water needs of regions with limited access to water operations and affordable energy.

«DuPont is working to help solve global water challenges with a sense of urgency,» said HP Nanda, global vice president, general manager, DuPont Water Solutions. «As we look to increase access to fresh water, we believe that closed circuit reverse osmosis will prove to be a more sustainable way to purify, conserve and reuse water, including saltwater.»

«We look forward to working with PUB, Singapore’s National Water Agency, to advance CCRO and membrane technologies to enable a seawater reverse osmosis (SWRO) desalination system with record-setting lowest energy consumption,» said Gary Gu, global technology leader, DuPont Water Solutions. «DuPont is fully committed to supporting Singapore in our shared sustainability journey through innovation and collaboration.»

The grant is part of Singapore’s Competitive Research Programme (Water) that supports Research and Development (R&D) for technologies with great potential to transform the water industry.

DuPont Water Solutions (DWS) is a leader in sustainable water purification and separation technologies, including ultrafiltration, reverse osmosis (RO) membranes and ion exchange resins. DuPont designs and produces the most widely used RO membrane technology in the world — trusted globally by municipalities, industries, manufacturers, commercial markets, and families requiring clean, safe water.

Desalination membranes remove salt and other chemicals from water, a process critical to the health of society, cleaning billions of gallons of water for agriculture, energy production and drinking. Reverse osmosis membranes work by applying pressure to the salty feed solution on one side. The minerals remain in the feed while the water passes through. Although more efficient than non-membrane desalination processes, this process still takes a large amount of energy in water treatment plants and improving the efficiency of the membranes through the use of CCRO could reduce that burden.

About DuPont Water & Protection
DuPont Water and Protection is a global leader in creating water, shelter and safety solutions for a more sustainable world; enabling its customers to win through unique capabilities, global scale and iconic brands including Kevlar®, Nomex®, Tyvek®, Corian® Design, GreatStuff™, Styrofoam™, and FilmTec™.

About DuPont

DuPont (NYSE: DD) is a global innovation leader with technology-based materials and solutions that help transform industries and everyday life. Our employees apply diverse science and expertise to help customers advance their best ideas and deliver essential innovations in key markets including electronics, transportation, construction, water, healthcare and worker safety. More information about the company, its businesses and solutions can be found at http://www.dupont.com. Investors can access information included on the Investor Relations section of the website at investors.dupont.com.

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DuPont™, the DuPont Oval Logo, and all trademarks and service marks denoted with ™, ℠ or ® are owned by affiliates of DuPont de Nemours, Inc. unless otherwise noted.

3/3/21

Media Contact

Anna Gemolas, DuPont, 301-751-2911, Anna.Gemolas@dupont.com

SOURCE DuPont

IMPROVATE Israel-UAE agriculture and water conference: «Desert agriculture can be the answer to food security»

TEL AVIV, Israel, March 3, 2021 /PRNewswire/ — As climate change continues to impact agriculture worldwide, a conference aimed at advancing technological cooperation in agriculture and water was held in Tel Aviv this week with senior government representatives from Israel and Africa along with investors from the United Arab Emirates and Israeli agricultural technology…

IMPROVATE Agriculture and Water discussed the challenges facing the UAE and African nations in ensuring food security in the face of adverse climate conditions, and the opportunities for Israeli companies in these countries.

To watch the full broadcast of Improvate Agriculture & Water In Arid Areas Conference Click Here.

IMPROVATE Founder and Chair Irina Nevzlin said the Abraham Accords, as well as bringing big changes in the Middle East and strengthening relationships, had brought about an opportunity for countries to cooperate and exchange knowledge and expertise. «As Israel’s landscape is very similar to that of the UAE, including the desert areas, the innovative methods developed for agricultural technology in Israel can be a valuable asset and focal point for partnering with the UAE and other Middle East countries.»

Minister of Agriculture and Rural Development, Alon Schuster said Israel’s desert climate and limited natural resources had led it to develop advanced agricultural technologies that today are at the forefront of global development: «The Israeli agricultural sector offers agricultural technologies to increase efficiency and yields, while generating maximum returns in all fields of agriculture, in challenging climate and soil conditions… Fruitful collaboration will enable us to share our experiences with our partners to a desert climate and to a reality of increasing desertification, and to learn together and share our knowledge and experience to create more efficient and sustainable agriculture that will ensure global food security.»

Yesh Atid Chairman and leader of the opposition, MK Yair Lapid addressed the global coronavirus crisis: «When the pandemic is finally over, we will be left with the global economic crisis. The solution to that crisis will be twofold: Technology and cooperation. The countries that innovate, that upgrade, that look forward, and that work together, will surge ahead. Israel is one of those countries, and so is the UAE.»

Former Mossad deputy director, MK Ram Ben Barak said the world needs to look ahead and understand that in some 35 years’ time its current population will double and there is an urgent need to make plans to feed those people: «We need to support agriculture, we need to develop new technologies to get more out of one acre than we do today, and we need to develop use of water, because in the future there could be a day when there is not enough food in the world.»

Senior UAE officials, bankers and investors who participated in the conference said Israeli technologies had much to offer Gulf nations as they seek to increase local food production and ensure food security.

Dr. Kamel Abdallah, Senior managing director and executive board advisor at Vita F&B capital, said that national food security has been a long-term objective for the UAE for many years and that the government’s focus has shifted from availability and affordability to self-sufficiency and local production: «We are investing in companies that can bring technology so that we can bypass the harsh environment so that we can produce food locally. We are looking at different technologies for production in our harsh climate, focusing on reducing water use and building an environment for high yields per hectare.»

Sheikha Hend Faisal Al Qasimi, an Emirati royal, businesswoman and philanthropist, said the UAE is heavily invested in food security and is investing in agricultural and water technologies: «With technology you can grow everything. By investing water and time and technology we can really turn things around and make the desert bloom.»

Rahul Kale, Founder and CEO, Sunpower Renewables said urban and vertical farming would play a huge role in making sustainable communities a reality: «With solar storage becoming commercially viable, you can have vertical farming 24/7. I think the advent of solar storage will see a huge uptake in vertical greenery. Our products can add a lot of value to this industry.»

IMPROVATE CEO, Ronit Hasin-Hochman: «Israeli water management and agricultural technologies can provide outstanding solutions for countries around the world. We are very pleased that recent peace agreements enable us to facilitate collaborations across countries and continents.»

Attending the conference from Africa were Mr. Joseph Antoine Kasonga Mukuta, Minister of Agriculture from The Democratic Republic of Congo; Dr Deo-Guide Rurema, Minister of Agriculture, Livestock and Environment of Burundi; Mrs. Hadija Jabiri, the Founder and managing director of GBRI business solutions, EATFRESH from Tanzania; Mr. Tom Sillayo, General Manager of Faida Market Link Company, also from Tanzania; Mr. Lazare Ossende-Essanga, Director of Partnerships Promotion and Rural Entrepreneurship at the Gabon National Agricultural Development Agency.

Speaking from the studio in Tel Aviv, His Excellency Job Masima, Ambassador of Tanzania to Israel called on Israeli companies to come to Africa, noting that the continent has a rapidly growing population, is more stable politically than in the past, and that its economy is on the rise, with five out of 10 of the world’s fastest growing economies located in Africa: «Once you come to Africa, you are coming to a vast land that is like all of China, all of the United States and all of Europe, so this is where you should be looking. Thirty percent of the world’s arable land is in Africa. With this arable land we are capable of feeding 9 billion people. Africa is the future global powerhouse, come to Africa.»

Among the companies presenting at the conference was Netafim, which for over 50 years has been a global leader in the advanced agriculture sector, and provides innovative agriculture solutions to millions of farmers, focusing on maximizing yields while saving on water and resources.

Elad Levi, Vice President Middle East & Africa at Netafim, said: «I strongly believe that the Middle East presents substantial opportunities for collaborations, with the fundamental purpose to ensure a sustainable and sufficient supply of high-quality fresh food produced within the region. Netafim is an expert in desert farming in the neighborhood… in the Middle East and is willing to leverage this knowledge for the prosperity of the entire region and all its people.»

Agricultural technology and research companies presenting at the conference:

SupPlant is an Israeli Ag-Tech company that translates plants into actionable insights to assist farmers around the world in making the best use of resources, increasing yields and saving water in an unpredictable climate reality.

GES is a veteran player in the water and wastewater treatment market. In its 31 years of activity, GES has successfully completed more than 300 projects in Israel and abroad.

NRGene is a software company, using artificial intelligence to analyze genomic big data, to optimize and accelerate natural breeding of plants and animals used for agricultural uses.

AlgaHealth is an Israeli biotech company pioneering the development of smart, cost-effective applications of microalgae.

WFI Group transforms water challenges into opportunities, via fresh thinking, breakthrough technologies, profound know-how and a dedicated caring team of water experts. Promoting the circular economy and creating financial and environmental value from water, and shifting from savings to growth.

Ramat Negev Desert Agro Research Center is an Agricultural research and development center, specializing in agriculture under desert conditions for over 60 years, in the Ramat Hanegev Regional Council.

About IMPROVATE

IMPROVATE is a platform that makes technology and innovation accessible to countries worldwide, with an emphasis on advancing Israeli technologies. Launched in September 2020, IMPROVATE operates out of London and Tel Aviv and connects leaders and decision-makers, and companies and investors with technology and innovation companies. IMPROVATE works through international conferences and business delegations and promotes deals between governments, organizations, and investors with innovation companies. Among IMPROVATE’s Board members are former world chess champion Garry Kasparov, President Rosen Plevneliev – President of Bulgaria from 2010-2017, and IDF Major Gen. (Ret.) Amos Gilad.

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SOURCE IMPROVATE

EVgo Publishes New Fleet Electrification Guide

LOS ANGELES, March 3, 2021 /PRNewswire/ — EVgo, the nation’s largest public fast charging network for electric vehicles (EVs) and the only North American charging network powered by 100% renewable electricity, today released a new comprehensive guide designed to help fleet operators effectively navigate and realize the benefits of fleet electrification. Entitled «How to Succeed with Fleet Electrification,» the guide reflects EVgo’s depth and expertise in operating charging infrastructure and collaborating with fleets making the shift to electric. The document illuminates the critical drivers of fleet electrification, current barriers and how to address them, and the keys to achieving operational success.

EVgo’s new How to Succeed with Fleet Electrification guide forms a road map to help all types of fleet managers initiate the transition to an electric fleet. For fleet managers looking to take advantage of the economic and environmental benefits of electrification, it can be difficult to know where to start. To guide them in this effort, EVgo details how electric fleets can deliver significant total cost of ownership savings compared to fossil-fueled fleets, and highlights how working with experienced partners to match charging solutions to specific fleet operator needs is key to making the transition efficient. As part of deploying charging infrastructure, fleet operators must also learn a new system and language for fueling and managing their fleets.

The transportation sector is currently undergoing a massive transformation with the transition from conventional vehicles to electric. Automakers around the globe have announced more than $300 billion of EV investments amid a proliferation of affordable electric vehicles and greater choice in EV models further aiding adoption. Fleet electrification for rideshare, delivery, municipal, autonomous, and other market segments is helping drive this significant rising tide in the transportation sector. The federal government has also indicated its commitment to an electric future, with President Biden signing an executive order in January 2021 to electrify the federal government’s fleet of 645,000 vehicles. The momentum behind fleet electrification is accelerating, supported by the lower total cost of EV ownership, regulatory imperatives, and increased focus on environmental sustainability alignment.

«EVgo has been leading the way in helping fleets unlock the significant benefits of electrification. Most fleets carry a much more intensive drive pattern than retail drivers, including a dramatically higher level of miles driven, amplifying the value of going electric,» said Cathy Zoi, CEO of EVgo. «But the vehicles comprising the fleet segment are not homogeneous, and neither are the charging infrastructure needs. From light duty EVs to electrified trucks and buses, EVgo is leading the development of customized fleet charging solutions with our partners across the country.»

«How to Succeed with Fleet Electrification» discusses the advantages to fleet operators of decarbonizing their fleets, including reducing costs, capitalizing on incentive programs, supporting sustainability goals and proactively positioning ahead of potential regulatory requirements. EVgo details how fleets can overcome barriers to electrification, learn and adapt operations for success in an all-electric future. With EVgo’s charging infrastructure deployment expertise, its fleet partners enjoy a simplified path to electrification. EVgo leverages its decade of experience developing, owning and operating convenient and efficient fast charging to bring a set of customized solutions for fleet partners, from level 2 through high power DCFC smart charging, and flexible ownership options. Fleets working with EVgo as their charging provider can trust that reliability and uptime along with cost optimization are always top priority, ensuring their mission-critical business operations are supported on an ongoing basis.

To download «How to Succeed with Fleet Electrification,» click here.

About EVgo

EVgo is the nation’s largest public fast charging network for electric vehicles, and the first to be powered by 100% renewable energy. With more than 800 fast charging locations in more than 67 metropolitan areas across 34 states, EVgo owns and operates the greatest number of public fast charging locations in the U.S. and serves more than 220,000 customers. Founded in 2010, EVgo leads the way on transportation electrification, partnering with automakers; fleet and rideshare operators; retail hosts such as hotels, shopping centers, gas stations and parking lot operators; and other stakeholders to deploy advanced charging technology to expand network availability and make it easier for all U.S. drivers to take advantage of the benefits of driving an EV. As a charging technology first mover, EVgo works closely with business and government leaders to accelerate the ubiquitous adoption of EVs by providing a reliable and convenient charging experience close to where drivers live, work and play, whether for a daily commute or a commercial fleet. EVgo is owned by LS Power, a New York-headquartered development, investment and operating company focused on leading edge solutions for the North American power and energy infrastructure sector. On January 22, 2021, EVgo announced that it entered into a definitive business combination agreement with Climate Change Crisis Real Impact I Acquisition Corporation («CRIS») (NYSE: CLII). For more information, visit evgo.com and lspower.com.

About LS Power

LS Power is a development, investment and operating company focused on the North American power and energy infrastructure sector. Since its inception in 1990, LS Power has developed, constructed, managed or acquired more than 45,000 MW of power generation, including utility-scale solar, wind, hydro, natural gas-fired and battery energy storage projects, and has developed more than 660 miles of high voltage electric transmission. Additionally, LS Power actively invests in businesses focused on renewable energy and renewable fuels, as well as distributed energy resource platforms, such as CPower Energy Management and EVgo. Across its efforts, LS Power has raised in excess of $46 billion in debt and equity capital to support North American infrastructure. For more information, please visit www.lspower.com.

Contacts:

EVgo

For Investors:
EVgoIR@icrinc.com

For Media:
EVgoPR@icrinc.com

LS Power

Steven Arabia
Director, Government Affairs & Media Relations
sarabia@lspower.com
609-212-3857

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SOURCE EVgo

Silfab Solar Hires Former Panasonic Solar Executive, Promotes Others to C Suite

BELLINGHAM, Wash., March 3, 2021 /PRNewswire/ — Silfab Solar, North America’s leading PV manufacturer, today announced the hiring of Renee Terreri as Corporate Director of Human Resources to manage Silfab’s continued expansion and staffing growth. Terreri was the former executive credited with ramping up Panasonic Solar’s giga factory in Buffalo, N.Y.

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Silfab also announced the promotions of Treff MacDonald to Chief Operating Officer and Itai Suez to Chief Technology Officer as the company prepares for continued expansion and increasing demand for its superior line of solar PV modules.

Silfab continues to invest, expand in USA manufacturing and technology to meet growing customer needs

Terreri joins Silfab after leading the fastest expansion of a solar manufacturing facility in North America. Terreri was the second employee at the Panasonic facility, playing a key role in hiring high-performing workers and establishing a progressive, results-oriented workplace culture. She will bring to Silfab decades of domestic and international management experience in a distinguished career of managing human resources departments at other large thriving companies.

«Silfab continues to invest and expand in USA manufacturing and technology to meet our growing customer needs. Renee’s background of rapid growth and understanding of building quality facilities operated by dedicated people are critical to Silfab’s future success,» said Chief Executive Officer Paolo Maccario. «The promotions of Treff and Itai further solidifies an exceptional executive team that will lead Silfab into our next period of outstanding growth.»

Since 2011, Silfab has recorded more than a dozen expansions of production capacity, most notably the acquisition of a solar manufacturing facility in the state of Washington and millions of dollars’ worth of investment in new equipment. Silfab continues to invest in technology and people as well as develop global alliances to deliver the latest advancements in PV module design, power generation and durability. Silfab, which consistently earns top ratings for its modules, recently announced its «Elite» series, the highest efficiency and most durable solar panel ever produced by the company.

MacDonald, who has 18 years of manufacturing experience that includes overseeing plant startups and expansions, joined Silfab as a plant manager and has been managing daily operations and Silfab’s continued manufacturing growth since 2011. Suez, a recognized leader in solar research and product development, joined Silfab in June 2019 as Vice President of Product Development. Itai has extensive experience in the development of several disruptive technologies that have permanently transformed PV module and system design. Together, MacDonald and Itai have contributed to Silfab’s rollout of the company’s highest-rated PV modules in North America.

To read about other key team members and Silfab’s full product line, visit www.silfabsolar.com.

Photos of Terreri, MacDonald and Suez are available.

About Silfab Solar
Silfab Solar is the North American manufacturing leader in the design and development of ultra-high-efficiency, premium quality PV modules. Silfab leverages more than 35 years of solar experience and operates from Bellingham, Washington (USA) and Toronto, Canada. The combined 158,000 sq. ft. facilities feature multiple automated ISO 9001-2015 quality certified production lines utilizing just-in-time manufacturing to deliver Buy American approved PV modules specifically designed for and dedicated to the North American market. www.silfabsolar.com

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SOURCE Silfab Solar

Commonwealth Fusion Systems Selects 47-Acre Site in Devens, Mass., for Historic Commercial Fusion Energy Campus

CAMBRIDGE, Mass., March 3, 2021 /PRNewswire/ — Commonwealth Fusion Systems (CFS), the leading company commercializing fusion energy, today announced it will build a 47-acre commercial fusion energy campus in Devens, Massachusetts. The campus will be the birthplace of the commercial fusion energy industry and home to the compact fusion device SPARC that will demonstrate fusion can work as a power source. It will also include the company’s corporate offices as well as an advanced manufacturing facility as it prepares to scale quickly and bring fusion power to market.

«This campus is an important milestone in our mission to commercialize fusion energy and combat climate change. This will be the site where we harness fusion and prove it can work as a clean, limitless power source for the first time in history,» said CFS CEO Bob Mumgaard.

CFS, in collaboration with MIT, is designing and building the world’s first net energy fusion device, SPARC, based on a combination of proven plasma physics and groundbreaking high temperature superconducting (HTS) magnets. These HTS magnets are the key technology that will enable SPARC and future fusion power plants around the world. This roadmap was validated through peer-reviewed research published in a leading scientific journal that shows SPARC will achieve net energy if the magnets work. A full-scale magnet demonstration is set to take place in June 2021. CFS will construct these HTS magnets for SPARC and future fusion power plants at the Devens campus in a 165,000ft² manufacturing facility.

Devens is a regional enterprise zone managed by MassDevelopment, the Commonwealth’s finance and development agency. Following a series of public hearings, meetings, and submissions by CFS, the Devens Enterprise Commission, Devens’ permitting authority, unanimously approved CFS’ permit application.

«Historically we have had many technologies that change the world start in Massachusetts, and when Commonwealth Fusion Systems does it by bringing fusion energy technology to life we will be able to say they did it at their first-of-its-kind campus in Devens,» said MassDevelopment President and CEO Dan Rivera. «The former U.S. Army base today boasts an ecosystem of cutting-edge technology and manufacturing companies thanks to its proximity to major research and education hubs, first-rate utility infrastructure, and commitment to fostering innovation. As the Commonwealth’s finance and economic development agency tasked with redeveloping Devens, MassDevelopment is thrilled to welcome Commonwealth Fusion Systems to the community.»

King Street Properties of Boston will develop and own the manufacturing facility. Construction on the campus will begin in spring 2021.

About CFS

CFS is on track to bring fusion energy technology to market. CFS was spun out of MIT and combines the decades of research experience of MIT’s Plasma Science and Fusion Center with the innovation and speed of the private sector. Supported by the world’s leading investors in breakthrough energy technologies, CFS is uniquely positioned to deliver the fastest path to commercial fusion energy.

For more information:

Kristen Cullen
Kristen@cfs.energy

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SOURCE Commonwealth Fusion Systems

CECO Environmental Corp. Reports Fourth Quarter and Full Year 2020 Results

DALLAS, March 3, 2021 /PRNewswire/ — CECO Environmental Corp. (Nasdaq: CECE), a leading global air quality and fluid handling company serving the energy, industrial and other niche markets, today reported its financial results for the fourth quarter and full year of 2020.

<a href="https://mma.prnewswire.com/media/629371/CECO_Env_Logo.html" target="_blank"…

Results of the Fourth Quarter 2020*

Revenue of $82.9 million, compared with $89.4 million
Gross profit of $26.2 million (31.6% margin), compared with $30.0 million (33.6% margin)
Operating income of $3.7 million, compared with $7.0 million
Non-GAAP operating income of $8.8 million, compared with $9.6 million
Net income of $1.8 million, compared with $8.4 million
Non-GAAP net income of $5.6 million, compared with $9.6 million
Adjusted EBITDA of $9.9 million, compared with $10.1 million
Earnings per diluted share was $0.05, compared with $0.24
Non-GAAP earnings per diluted share of $0.16, compared with $0.27
Bookings of $77.2 million, compared with $67.7 million
Backlog of $183.1 million, compared with $189.1 million as of September 30, 2020
Cash and Cash equivalents of $36.0 million, compared with $35.6 million
Bank Debt of $74.0 million, compared with $67.3 million

Results of the Full Year 2020*

Revenue of $316.0 million, compared with $341.9 million
Gross profit of $105.1 million (33.3% margin), compared with $114.1 million (33.4% margin)
Operating income of $13.3 million, compared with $18.0 million
Non-GAAP operating income was $28.2 million in both 2020 and 2019
Net income of $8.2 million, compared with $17.7 million
Non-GAAP net income of $19.5 million, compared with $20.9 million
Adjusted EBITDA of $32.8 million, compared with $33.0 million
Earnings per diluted share was $0.23, compared with $0.50
Non-GAAP earnings per diluted share of $0.55, compared with $0.59
Bookings of $279.6 million, compared with $383.7 million

* All comparisons are versus the comparable prior-year period, unless otherwise stated

Todd Gleason, CECO’s Chief Executive Officer, commented, «We are pleased with the strong finish to a very challenging 2020. We delivered sequential improvements in bookings, revenue, adjusted EBITDA and operating margin expansion. Our focus on delivering differentiated solutions in key environmental categories drove double-digit bookings growth in the fourth quarter. We continued to prudently manage our cost structure which yielded steady EBITDA despite year-over-year decline in revenues.»

Mr. Gleason added, «I am very proud of the way CECO responded to the crisis in 2020. We focused on operational items we can control and maintained our customer-focused execution. CECO enters 2021 with a healthy balance sheet, improving end markets and a continued focus on operational costs and execution. We are advancing our strategic growth process which will leverage our improved cost structure to drive sustainable shareholder value.»

CONFERENCE CALL

A conference call is scheduled for today at 8:30 a.m. ET to discuss the Company’s fourth quarter and fiscal 2020 financial results.

The live webcast and slides can also be accessed at https://investors.cecoenviro.com/events-webcasts-and-presentations. In addition, the conference call may also be accessed by dialing (888) 346-4547 (Toll-Free) within the U.S., (855) 669-9657 (Toll-Free) within Canada or Toll/International (412) 317-5251.

A replay of the conference call will be available on the Company’s website for 7 days. The replay may be accessed by dialing toll free (877) 344-7529 within North America or Toll/International (412) 317-0088 and entering passcode 10152419.

ABOUT CECO ENVIRONMENTAL

CECO Environmental is a global leader in air quality and fluid handling serving the energy, industrial and other niche markets. Providing innovative technology and application expertise, CECO helps companies grow their business with safe, clean and more efficient solutions that help protect our shared environment. In regions around the world, CECO works to improve air quality, optimize the energy value chain and provide custom engineered solutions for industries including power generation, wastewater treatment, poly silicon fabrication, petrochemical processing, electric vehicle production, battery recycling, general industrial, refining, and a wide range of other industries. CECO is listed on Nasdaq under the ticker symbol «CECE». For more information, please visit www.cecoenviro.com.

Contact:

Matthew Eckl, Chief Financial Officer
(888) 990-6670
investor.relations@onececo.com

CECO ENVIRONMENTAL CORP. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS

	December 31,
(dollars in thousands, except per share data)	2020		2019
ASSETS
Current assets:
Cash and cash equivalents	$	35,992	$	35,602
Restricted cash		1,819		1,356
Accounts receivable, net		63,046		68,434
Costs and estimated earnings in excess of billings on uncompleted contracts		45,498		34,805
Inventories, net		17,343		20,578
Prepaid expenses and other current assets		11,530		9,899
Prepaid income taxes		7,790		8,231
Assets held for sale		467		593
Total current assets		183,485		179,498
Property, plant and equipment, net		16,228		15,274
Right-of-use assets from operating leases		11,376		13,607
Goodwill		161,820		152,020
Intangible assets – finite life, net		29,637		31,283
Intangible assets – indefinite life		12,937		14,291
Deferred charges and other assets		3,831		2,664
Total assets	$	419,314	$	408,637
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Current portion of debt	$	3,125	$	2,500
Accounts payable and accrued expenses		84,997		78,319
Billings in excess of costs and estimated earnings on uncompleted contracts		20,691		34,369
Income taxes payable		543		—
Total current liabilities		109,356		115,188
Other liabilities		20,576		20,372
Debt, less current portion		69,491		63,001
Deferred income tax liability, net		6,970		5,943
Operating lease liabilities		9,310		11,116
Total liabilities		215,703		215,620
Commitments and contingencies
Shareholders’ equity:
Preferred stock, $.01 par value; 10,000 shares authorized, none issued		—		—
Common stock, $.01 par value; 100,000,000 shares authorized, 35,504,757 and 35,275,465 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively		355		353
Capital in excess of par value		255,296		253,869
Accumulated loss		(38,141)		(46,344)
Accumulated other comprehensive loss		(14,496)		(14,505)
		203,014		193,373
Less treasury stock, at cost, 137,920 shares at December 31, 2020 and 2019		(356)		(356)
Shareholders’ equity less NCI		202,658		193,017
Noncontrolling interest		953		—
Total shareholders’ equity		203,611		193,017
Total liabilities and shareholders’ equity	$	419,314	$	408,637

CECO ENVIRONMENTAL CORP. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited)

	Three Months Ended December 31,				For the Year Ended December 31,
(dollars in thousands, except per share data)	2020		2019		2020		2019
Net sales	$	82,930	$	89,413	$	316,011	$	341,869
Cost of sales		56,707		59,369		210,883		227,770
Gross profit		26,223		30,044		105,128		114,099
Selling and administrative expenses		17,561		20,406		76,926		85,978
Amortization and earnout expenses		3,253		2,019		8,799		8,499
Restructuring expenses		578		129		2,331		1,097
Acquisition and integration expenses		287		465		1,354		465
Executive transition expenses		—		—		1,522		—
Loss on divestitures, net of selling costs		—		—		—		70
Intangible asset impairment		850		—		850		—
Income from operations		3,694		7,025		13,346		17,990
Other income		976		656		2,033		751
Interest expense		(795)		(1,078)		(3,535)		(5,397)
Income before income taxes		3,875		6,603		11,844		13,344
Income tax expense (benefit)		2,123		(1,794)		3,672		(4,363)
Net income	$	1,752	$	8,397	$	8,172	$	17,707
Less net loss attributable to noncontrolling interest		28		—		39		—
Net income attributable to CECO Environmental Corp.	$	1,780	$	8,397	$	8,211	$	17,707
Earnings per share:
Basic	$	0.05	$	0.24	$	0.23	$	0.51
Diluted	$	0.05	$	0.24	$	0.23	$	0.50
Weighted average number of common shares outstanding:
Basic		35,366,837		35,117,916		35,289,616		34,987,878
Diluted		35,655,014		35,352,957		35,520,670		35,484,273

CECO ENVIRONMENTAL CORP. AND SUBSIDIARIES RECONCILIATION OF GAAP TO NON-GAAP MEASURES

	Three Months Ended December 31,						For the Year Ended December 31,
(dollars in millions)	2020			2019			2020			2019
Operating income as reported in accordance with GAAP	$	3.7		$	7.0		$	13.3		$	18.0
Operating margin in accordance with GAAP		4.5	%		7.8	%		4.2	%		5.3	%
Amortization and earnout expenses		3.3			2.0			8.8			8.5
Restructuring expenses		0.6			0.1			2.3			1.1
Acquisition and integration expenses		0.3			0.5			1.4			0.5
Executive transition expenses		—			—			1.5			—
Loss on divestitures, net of selling costs		—			—			—			0.1
Intangible asset impairment		0.9			—			0.9			—
Non-GAAP operating income	$	8.8		$	9.6		$	28.2		$	28.2
Non-GAAP operating margin		10.6	%		10.7	%		8.9	%		8.2	%


	Three Months Ended December 31,						For the Year Ended December 31,
(dollars in millions)	2020			2019			2020			2019
Net income as reported in accordance with GAAP	$	1.8		$	8.4		$	8.2		$	17.7
Amortization and earnout expenses		3.3			2.0			8.8			8.5
Restructuring expenses		0.6			0.1			2.3			1.1
Acquisition and integration expenses		0.3			0.5			1.4			0.5
Executive transition expenses		—			—			1.5			—
Loss on divestitures, net of selling costs		—			—			—			0.1
Intangible asset impairment		0.9			—			0.9			—
Deferred financing fee adjustment		—			—			—			0.4
Foreign currency remeasurement		—			(1.0)			0.3			(0.5)
Tax benefit of adjustments		(1.3)			(0.4)			(3.9)			(2.5)
Zhongli tax benefit		—			—			—			(4.4)
Non-GAAP net income	$	5.6		$	9.6		$	19.5		$	20.9
Depreciation		0.6			0.5			2.5			2.1
Non-cash stock compensation		0.5			—			2.0			2.8
Other (income) expense, net		(1.0)			0.3			(2.3)			(0.3)
Interest expense		0.8			1.1			3.5			5.0
Income tax expense		3.4			(1.4)			7.6			2.5
Adjusted EBITDA	$	9.9		$	10.1		$	32.8		$	33.0

Earnings per share:
Basic	$	0.05		$	0.24		$	0.23		$	0.51
Diluted	$	0.05		$	0.24		$	0.23		$	0.50

Non-GAAP net income per share:
Basic	$	0.16		$	0.27		$	0.55		$	0.60
Diluted	$	0.16		$	0.27		$	0.55		$	0.59

NOTE REGARDING NON-GAAP FINANCIAL MEASURES

CECO is providing certain non-GAAP historical financial measures as presented above as the Company believes that these figures are helpful in allowing individuals to better assess the ongoing nature of CECO’s core operations. A «non-GAAP financial measure» is a numerical measure of a company’s historical financial performance that excludes amounts that are included in the most directly comparable measure calculated and presented in the GAAP statement of operations.

Non-GAAP operating income, non-GAAP net income, non-GAAP operating margin, non-GAAP net income per basic and diluted share and adjusted EBITDA, as we present them in the financial data included in this press release, have been adjusted to exclude the effects of amortization expenses for acquisition related intangible assets, contingent retention and earnout expenses, restructuring expenses primarily relating to severance and legal expenses, acquisition and integration expenses which include retention, legal, accounting, banking, and other expenses, executive transition expenses, loss on divestitures, net of selling costs necessary to complete the divestiture such as legal, accounting and compliance, intangible asset impairment and other nonrecurring or infrequent items and the associated tax benefit of these items. Management believes that these items are not necessarily indicative of the Company’s ongoing operations and their exclusion provides individuals with additional information to compare the Company’s results over multiple periods. Management utilizes this information to evaluate its ongoing financial performance. Our financial statements may continue to be affected by items similar to those excluded in the non-GAAP adjustments described above, and exclusion of these items from our non-GAAP financial measures should not be construed as an inference that all such costs are unusual or infrequent.

Non-GAAP operating income, non-GAAP net income, non-GAAP operating margin, non-GAAP net income per basic and diluted share and adjusted EBITDA are not calculated in accordance with GAAP, and should be considered supplemental to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP. Non-GAAP financial measures have limitations in that they do not reflect all of the costs associated with the operations of our business as determined in accordance with GAAP. As a result, you should not consider these measures in isolation or as a substitute for analysis of CECO’s results as reported under GAAP. Additionally, CECO cautions investors that non-GAAP financial measures used by the Company may not be comparable to similarly titled measures of other companies.

In accordance with the requirements of Regulation G issued by the Securities and Exchange Commission, non-GAAP operating income, non-GAAP net income, non-GAAP operating margin and non-GAAP net income per basic and diluted share and adjusted EBITDA stated in the tables above are reconciled to the most directly comparable GAAP financial measures.

SAFE HARBOR

Any statements contained in this Press Release, other than statements of historical fact, including statements about management’s beliefs and expectations, are forward-looking statements and should be evaluated as such. These statements are made on the basis of management’s views and assumptions regarding future events and business performance. We use words such as «believe,» «expect,» «anticipate,» «intends,» «estimate,» «forecast,» «project,» «will,» «plan,» «should» and similar expressions to identify forward-looking statements. Forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Potential risks and uncertainties, among others, that could cause actual results to differ materially are discussed under «Part I – Item 1A. Risk Factors» of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020, and include, but are not limited to: the sensitivity of our business to economic and financial market conditions generally and economic conditions in our service areas; dependence on fixed price contracts and the risks associated therewith, including actual costs exceeding estimates and method of accounting for revenue; the effect of growth on our infrastructure, resources, and existing sales; the ability to expand operations in both new and existing markets; the potential for contract delay or cancellation; liabilities arising from faulty services or products that could result in significant professional or product liability, warranty, or other claims; changes in or developments with respect to any litigation or investigation; failure to meet timely completion or performance standards that could result in higher cost and reduced profits or, in some cases, losses on projects; the potential for fluctuations in prices for manufactured components and raw materials, including as a result of tariffs and surcharges; the substantial amount of debt incurred in connection with our strategic transactions and our ability to repay or refinance it or incur additional debt in the future; the impact of federal, state or local government regulations; economic and political conditions generally; our ability to successfully realize the expected benefits of our restructuring program; our ability to successfully integrate acquired businesses and realize the synergies from strategic transactions; unpredictability and severity of catastrophic events, including cyber-security threats, acts of terrorism or outbreak of war or hostilities or public health crises, such as uncertainties regarding the extent and duration of impacts of matters associated with the novel coronavirus («COVID-19»), as well as management’s response to any of the aforementioned factors. Many of these risks are beyond management’s ability to control or predict. Should one or more of these risks or uncertainties materialize, or should the assumptions prove incorrect, actual results may vary in material aspects from those currently anticipated. Investors are cautioned not to place undue reliance on such forward-looking statements as they speak only to our views as of the date the statement is made. Furthermore, forward-looking statements speak only as of the date they are made. Except as required under the federal securities laws or the rules and regulations of the Securities and Exchange Commission, we undertake no obligation to update or review any forward-looking statements, whether as a result of new information, future events or otherwise.

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SOURCE CECO Environmental Corp.

Schneider Electric Extends 3-Phase Easy UPS 3L from 250 kVA to 600 kVA to Make Business Continuity Easy with Optimised Investment

LONDON, March 3, 2021 /PRNewswire/ — Schneider Electric, the leader in digital transformation of energy management and automation, today announced it has extended Easy UPS 3L from 250 kVA to 600 kVA (400V) with the addition of 250, 300, and 400 kVA 3-phase Uninterruptible Power Supplies (UPSs) for external batteries. Available in most countries, the Easy UPS 3L simplifies and streamlines configuration and service, delivering high availability and predictability to medium and large commercial buildings and light industrial UPS applications.

With its compact footprint, highly available parallel and redundant design, and robust electrical specifications, Easy UPS 3L protects critical equipment in a wide range of environments from damage due to power outages, surges, and spikes. It is up to 96% efficient to bring predictability to utility costs. Easy UPS 3L includes a wide battery voltage window and accommodates a variety of battery configurations. It comes with a full range of options and accessories making it easy to integrate into different environments.

«With this extension to Easy UPS 3L, Schneider Electric continues to fill a market need by offering easy, robust, and competitive solutions that prioritise efficiency, flexibility, predictability, and reliability for today’s connected businesses. It is easy to configure, install, use, and service,» said Mustafa Demirkol, Global VP, 3-Phase UPS Offer Management & Marketing, Schneider Electric. «Thanks to an exceptional combination of competitive specifications, robust and fault-tolerant design that enhances resiliency and reliability, and an optimised footprint that saves valuable real estate, the Easy UPS 3L is the ideal choice for easy business continuity and optimised investment, whether it’s on your shop floor or in your electrical room.»

Customers benefit from Schneider’s global service setup with strong local networks of service specialists that provide customers with a complete range of services throughout the entire Easy UPS 3L lifecycle. The start-up service is included to ensure the Easy UPS 3L is properly and safely configured for best performance, reliability, safety, and peace of mind.

Simple to configure, use, and service, Easy UPS 3L:

Offers resiliency against harsh environments with conformal coated printed circuit boards, replaceable dust filter, unity power factor, and strong overload protection, all of which make Easy UPS 3L a reliable solution for business continuity.
Provides less system complexity and saves on CapEx investment.
Versatile architecture and parallel for redundancy or for increased capacity. You can install up to 5 UPSs in parallel for capacity, or 5 +1 UPSs in parallel for redundancy. If a power block becomes inoperable, the load will continue to be supported by the remaining power blocks, provided that the load is below the capacity of the functional power blocks in the system.
Enables easy monitoring and management with EcoStruxure IT’s cloud-based software suite when you buy the optional network card. For more information, visit www.schneider-electric.com/ecostruxure-it and try EcoStruxure IT Expert monitoring solution for free for 30 days.

To learn more about Easy UPS 3L, visit our web page.

Discover EcoStruxure

About EcoStruxure

EcoStruxure is Schneider Electric’s open, interoperable, IoT-enabled system architecture and platform. It delivers enhanced value around safety, reliability, efficiency, sustainability, and connectivity for customers. EcoStruxure leverages advancements in IoT, mobility, sensing, cloud, analytics, and cybersecurity to deliver innovation at every level. This includes connected products, edge computing control and apps, analytics, and services. EcoStruxure has been deployed in more than 480,000 sites, with the support of more than 20,000 system integrators and developers, connecting over 1.6 million assets under management through over 40 digital services.

About Schneider Electric

Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On. Our mission is to be your digital partner for Sustainability and Efficiency. We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure, and industries. We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive, and Empowered values.

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Hashtags: #LifeIsOn #IndustrialUPS #CommercialUPS #EasyUPS3L #BusinessContinuityMadeEasy

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SOURCE Schneider Electric UK