News Article | March 14, 2016
European Union renewable energy targets may have increased greenhouse gas emissions, because the dirtiest biofuels produce three times the emissions of diesel oil, according to the most complete EU analysis yet carried out. Biodiesel made from palm oil emits more than three times as much and soybean oil around twice as much, when the crops’ effects on land use are considered, the research by the Ecofys consultancy for the European Commission found. Europe’s aim of sourcing 10% of its transport fuel to “renewables” by 2020 -- mostly biodiesel -- will foster crop cultivation on 6.7M hectares of forests and grasslands, the paper says. When the loss of trees is factored in, such "first-generation biofuels" would generate around nearly 1B tonnes of CO2 equivalent. Business Insider: Tesla's Model 3 Could Totally Fail -- and Here's Why It Wouldn't Matter Tesla has created three vehicles in its short history -- the Roadster, the Model S, and the Model X. But it's assumed that none will be more important than the mass-market Model 3, being revealed this month and scheduled to hit the streets in 2017. It has to succeed, right? Well, no. It could be a catastrophe. But that wouldn't necessarily spell the end for Tesla. Republican front-runner Donald Trump on Saturday called the Environmental Protection Agency on Saturday a "complete disaster" that is unfairly targeting Ohio's coal and steel industries. Trump was speaking from a rally in Dayton, Ohio, ahead of a presidential primary election on Tuesday. "They are a complete disaster; we are going to change things around," Trump said. Engineers in Brazil have developed a system of floating solar panels for a part of the Amazon that was flooded and destroyed by a hydroelectric dam project in the 1980s. The solar panels are an attempt to transform the artificial lake into a sustainable project after the Balbina dam flooded the region in 1989, in what has been considered an “environmental crime.” The construction of the dam inundated some 2,400 square kilometers of Amazon rainforest at a high cost, which in the end had very little electricity generation capacity. Reuters: China's Electric Car Sales to Double in 2016, Says Minister China's production and sale of electric cars will more than double this year, the industry minister said on Sunday. More than 300,000 electric cars were sold in China last year, Miao Wei, the head of the Ministry of Industry and Information Technology told reporters on the sidelines of the annual meeting of parliament on Sunday. The reliability, mileage and lifespan of electric batteries needs improvement, and China needs to speed up the installation of electric-car charging stations, Miao said.
News Article | November 3, 2016
With the building sector already accounting for around 20% of climate change emissions, a new analysis published this week has warned that its energy demand is likely to double by mid-century if actions are not taken now to make buildings more sustainable. This is the primary conclusion from a new Climate Action Tracker analysis published this week entitled Constructing the Future: Will the building Sector Use its Decarbonisation Tools (PDF). The Climate Action Tracker is an independent scientific analysis conducted by three research organizations, Ecofys, Climate Analytics, and the NewClimate Institute, and backed by the ClimateWorks Foundation. The analysis further concludes that the technologies required to make new buildings zero-emissions are all currently available, but the sector is not adapting to these new technologies fast enough. Emissions from buildings more than doubled between 1990 to 2010, and now represent 20% of all global emissions. Policies currently in place will likely see the building sector see its energy demand skyrocket by 50% by 2050 than in 2010. Further delayed action in adapting to zero-emissions new building methods will likely increase pressure on other sectors to reduce their own carbon emissions to take up the slack left by the building sector, as well as creating the need in the future to deliver negative emissions, all in an effort to keep global warming within the Paris Agreement’s temperature limits — an issue which has only heightened, according to a new UNEP report published today. The Climate Action Tracker analysis therefore sets out a 1.5°C-compatible scenario for the building sector which would see all new buildings in the OECD built to zero-energy specifications by 2020, and all non-OECD buildings by 2025. The report also outlines methods for very high zero-emission renovation techniques. “We have to start building ‘Paris Agreement-proof’ buildings today,“ said Karlien Wouters of Ecofys. “Given the long lifetimes of buildings, rapid action is especially important in this sector. Any inefficient buildings we construct today will have to be renovated at greater cost later, adding to the challenge we’re already facing in renovating the majority of the existing building stock.” “The continued growth of emissions in the building sector is in direct contrast with the maturity of the technological solutions available — the tools have been there for decades, but the sector’s using them far too little,” added Sebastian Sterl of NewClimate Institute. Buy a cool T-shirt or mug in the CleanTechnica store! Keep up to date with all the hottest cleantech news by subscribing to our (free) cleantech daily newsletter or weekly newsletter, or keep an eye on sector-specific news by getting our (also free) solar energy newsletter, electric vehicle newsletter, or wind energy newsletter.
News Article | September 15, 2016
OSLO (Reuters) - The last gasoline-powered car will have to be sold by about 2035 to put the world on track to limit global warming to the most stringent goal set by world leaders last year, a study said on Thursday. The report, by a Climate Action Tracker (CAT) backed by three European research groups, said a drastic shift was needed towards clean electric cars and fuel efficiency since transport emits about 14 percent of world greenhouse gas emissions. Last December, world leaders at a Paris summit set a goal of limiting a rise in temperatures to "well below" 2 degrees Celsius (3.6 Fahrenheit) above pre-industrial times while "pursuing efforts" for a much tougher 1.5 C (2.7F) ceiling. "We calculate that the last gasoline/diesel car will have to be sold by roughly 2035," the CAT report said, to make the car fleet consistent with staying below 1.5C. It assumes the last fossil-fuel vehicles would be on the roads until 2050. The CAT is one of the main groups that monitors government actions to restrict global warming and includes researchers who are authors on U.N. climate reports. "It's striking that it's so early - it means a huge change in the whole automobile industry," Niklas Höhne, of the NewClimate Institute, told Reuters. The other think-tanks behind the report were Ecofys and Climate Analytics. The phase-out is earlier than set by most car makers. Toyota, for instance, has a "zero carbon dioxide emissions challenge" for new vehicles under which it aims to cut emissions from its vehicles by 90 percent by 2050, from 2010 levels. Many scientists reckon that the 1.5C goal, seen by many developing nations as a dangerous threshold for droughts, floods and rising sea levels, has already slipped out of reach and that the 2C limit is growing close. They believe temperatures will almost inevitably overshoot 1.5C, and that new technologies will be needed to turn down the global thermostat later this century. This year is set to be the warmest on record, with temperatures around 1C (1.8F) above pre-industrial times. The CAT report focused most on the promise of electric vehicles, developed by manufacturers from General Motors to Tesla. Other options are cars run on biofuels or hydrogen. The study said a greener transport sector would require a parallel shift to clean power generation, to avoid charging electric cars on power based on fossil fuels. "Electric vehicles are still more expensive to purchase than other cars, and policy projections still only see a share of around five percent of electric vehicles in the total European Union, China and U.S. fleets by 2030," the report said.
News Article | December 20, 2016
HOUSTON, Dec. 20, 2016 (GLOBE NEWSWIRE) -- Synthesis Energy Systems, Inc. (SES) (NASDAQ:SYMX), the global leader in low cost, high performance clean energy gasification technology, today announced that Chris Raczkowski, an accomplished leader and engineer whose career focus on clean energy technologies includes 17 years of professional experience and living in China and Southeast Asia, has joined the team as President – Asia. Raczkowski will report to SES’s President and CEO, DeLome Fair. Raczkowski’s priority focus will be to expand SES’s business presence and technology adoption in Asia. His 25-year career includes energy project development in China, Vietnam, Thailand and Malaysia. He has been responsible for managing project identification, contracting, construction and operations, as well as technology development. Raczkowski has a core understanding of SES Gasification Technology (SGT), having served as Vice President Engineering for SES during the development and construction of the SES Gasification Technology (SGT) demonstration plant in Shandong Province, China. “I am excited to have Chris onboard so that we have added leadership and increased bandwidth to match the global opportunity that our technology affords the developing economies of the world. We believe we have a strong runway in China and we are fielding ever-increasing inquiries from India and numerous other countries in the region,” said DeLome Fair. “Chris will provide additional leadership in China to more quickly drive to completion our ongoing activities there, including our multi-project platform in Shandong anchored by our hydrogen projects in Dongying, and the new tar to diesel project in ZaoZhuang City. Chris’s ability to provide leadership beyond China and into the broader region of Asia is well timed for us to execute on the globalization of our technology and our planned equity investment projects to answer the global demand for an economic and sustainable clean energy solution.” Before joining SES, Chris served as CEO of Azure International, a Beijing-based research, engineering and investment firm focused on sustainable energy solutions, which he co-founded in 2003 and sold to Ecofys, a Dutch company, in 2008. He led the acquisition of new technology partners, and strategically shifted the corporate focus from power generation, such as wind and bioenergy, to energy storage and industrial/building energy efficiency. He also co-led successful development of the Azure Cleantech Energy Fund, a small US-based venture investment fund focused on early stage clean energy firms where China activities are a core to the company’s development strategy. Raczkowski’s career also includes serving as China/SE Asia Managing Director for Rhodia Energy, 2009-2011, where he led a team of over 30 for bioenergy/biogas project development, with three projects realized in China, Vietnam and Malaysia. His first career position in Asia-Pacific was as Asia Operations Manager with Perkin Elmer OptoElectronics, 1999-2001, where Raczkowski’s responsibilities included planning and managing the full financial, sourcing and manufacturing operations of two product lines in Shenzhen, China, and technology transfer project planning, execution, as well as staffing of four new manufacturing operations in China, Singapore and Indonesia. “SES’s gasification technology’s feedstock flexibility is without equal. Its unique ability to transform Asia’s abundant low-cost, low-grade coal and coal waste into energy products in growing demand makes it the optimum responsible coal solution. That SGT can also use renewable biomass and MSW as interchangeable or blended feedstocks with coal on one SGT system makes SGT today’s and tomorrow’s clean energy solution,” said Raczkowski. “I am excited to be rejoining my colleagues at SES to accelerate adoption of this proven superior cost-effective and efficient technology throughout this region of the world where natural gas is expensive and/or unavailable.” Raczkowski received his Bachelor of Science in Materials Engineering and his Master of Science in Mechanical Engineering and Management at Harvey Mudd College, and a Master of Business Administration from NIMBAS Graduate School of Management, based in the Netherlands. Synthesis Energy Systems (SES) is a Houston-based technology company focused on bringing clean high-value energy to developing countries from low-cost and low-grade coal, biomass and municipal solid waste through its proprietary gasification technology based upon U-Gas®, licensed from the Gas Technology Institute. The SES Gasification Technology (SGT) can produce clean, low-cost syngas for power generation, industrial fuels, chemicals, fertilizers, and transportation fuels, replacing expensive natural gas based energy. SGT can also produce high-purity hydrogen for cleaner transportation fuels. SGT enables Growth With Blue Skies, and greater fuel flexibility for both large-scale and efficient small- to medium-scale operations close to fuel sources. Fuel sources include low-rank, low-cost high ash, high moisture coals, which are significantly cheaper than higher grade coals, many coal waste products, biomass, and municipal solid waste feedstocks. For more information, please visit: www.synthesisenergy.com. Forward-Looking Statements This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Among those risks, trends and uncertainties are the ability of our project with Yima to produce earnings and pay dividends; our ability to develop and expand business of the TSEC joint venture in the joint venture territory; our ability to successfully partner our technology business; our ability to develop our power business unit and marketing arrangement with GE and our other business verticals, including DRI steel, through our marketing arrangement with Midrex Technologies, and renewables; our ability to successfully develop the SES licensing business; the ability of the ZZ Joint Venture to retire existing facilities and equipment and build another SGT facility; the ability of Batchfire management to successfully grow and develop Callide operations; the economic conditions of countries where we are operating; events or circumstances which result in an impairment of our assets; our ability to reduce operating costs; our ability to make distributions and repatriate earnings from our Chinese operations; our ability to successfully commercialize our technology at a larger scale and higher pressures; commodity prices, including in particular natural gas, crude oil, methanol and power, the availability and terms of financing; our ability to obtain the necessary approvals and permits for future projects, our ability to raise additional capital, if any, our ability to estimate the sufficiency of existing capital resources; the sufficiency of internal controls and procedures; and our results of operations in countries outside of the U.S., where we are continuing to pursue and develop projects. Although SES believes that in making such forward-looking statements our expectations are based upon reasonable assumptions, such statements may be influenced by factors that could cause actual outcomes and results to be materially different from those projected by us. SES cannot assure you that the assumptions upon which these statements are based will prove to have been correct.
News Article | November 7, 2016
CHICAGO--(BUSINESS WIRE)--Navigant (NYSE: NCI) gab heute die Akquisition von Ecofys bekannt – eine internationale Beratungsgesellschaft, die im Bereich Energie und Nachhaltigkeit eine führende Stellung einnimmt. Das Hinzukommen der 150 Beratungsexperten von Ecofys versetzt Navigant in die Lage, seine Kompetenzen und sein Lösungsangebot zu verbessern, insbesondere in den Bereichen Energiepolitik, Klimastrategien und -richtlinien, Energiesysteme und -märkte, städtische Energieversorgung und Nachh
News Article | April 2, 2016
On March 11, 2016, a consortium made up of Ecofys, the International Institute for Applied Systems Analysis , and E4tech announced that the final report on the Land Use Change study is now available online. The study was commissioned and funded by the European Commission and was focused on using the GLOBIOM model to determine ILUC associated with the ten percent renewable energy use target for transportation mandated by the European Union's 2020 goals. Start the conversation, or Read more at JD Supra.
News Article | November 15, 2016
Vaisala Releases New Ecofys Verification Studies of Triton Remote Sensor Studies by leading wind energy consultant demonstrate excellent consistency and performance Vaisala, a global leader in environmental and industrial measurement, has released two independent verification studies conducted by Ecofys, an international consultancy based in Europe recently acquired by Navigant. The studies used two production Triton units deployed from March 5 - May 29, 2015 and June 6 - Sept 10, 2015, respectively, at the Lelystad test site. The verification studies include an assessment of the sensitivity of the Triton remote sensor to environmental factors, demonstrating that wind speed measurements taken by the unit are unaffected by changing environmental parameters. Rather than using the minimum amount of data required, the studies were conducted for a time period of several months, ensuring a more robust, representative dataset with which to assess measurement uncertainty. The wind energy industry's ability to predict and assess a project's annual energy output is a crucial factor in securing and maintaining investor confidence in wind projects. Triton, a ground-based SoDAR remote sensing system, is used to measure wind at and above the hub height of today's taller wind turbines. By supplementing or replacing measurements from met towers in resource assessment and operational settings, Triton adds value and provides a cost-effective solution to wind developers and operators. The Ecofys studies are part of Vaisala's commitment to quality and program of continual improvement to support wind power plant developers and system operators in applications ranging from early stage prospecting to repowering legacy power plants. Click here for more information about the Triton verification studies conducted by Ecofys. Triton is the industry's leading remote sensing system with over 17 million hours of wind data collected in over 80 countries since 2008. Vaisala is an expert in renewable energy resource measurement, project assessment, energy forecasting, and asset management. For more information on the range of services offered by Vaisala to the renewable energy sector, please visit www.vaisala.com/energy. For further information, please contact: Francesca Davidson Energy Communications Expert, Vaisala Tel +1 206 708 8544 francesca.davidson[at]vaisala.com Vaisala Energy Weather is the largest variable impacting electricity generation, transmission, and demand and it provides the fuel for renewable energy projects. Energy customers work with Vaisala to support efficient, reliable, and profitable electrical energy systems around the globe with a wide range of measurement, assessment, forecasting, and asset management products and services. Our real-time and historical lightning information ensures continuous energy generation, improved safety, and reduced costs in both energy production and transmission. Renewable energy developers and operators use Vaisala equipment and services to support the entire project lifecycle, from greenfield prospecting and due diligence to operational forecasting and plant optimization. www.vaisala.com/energy twitter.com/VaisalaEnergy linkedin.com/company/vaisala-energy About Vaisala Vaisala is a global leader in environmental and industrial measurement. Building on 80 years of experience, Vaisala contributes to a better quality of life by providing a comprehensive range of innovative observation and measurement products and services for chosen weather-related and industrial markets. Headquartered in Finland, Vaisala employs approximately 1600 professionals worldwide and is listed on the NASDAQ OMX Helsinki stock exchange. www.vaisala.com www.twitter.com/VaisalaGroup
News Article | February 16, 2017
CHICAGO--(BUSINESS WIRE)--Navigant (NYSE: NCI) today announced financial results for the fourth quarter and the full year ended December 31, 2016. The Company also introduced its business and financial outlook for 2017. “Navigant delivered outstanding results in 2016, far exceeding our historical trends in top and bottom line growth, our original estimates for the year and general economic growth,” commented Julie Howard, Chairman and Chief Executive Officer. “Seamless execution on our strategic plans and the clear alignment of our professionals’ expertise to the transformational issues impacting our clients translated into strong business performance. We are very pleased to have delivered significant value to our shareholders as a result. Looking ahead, I view 2017 with measured optimism. We plan to remain nimble in aligning our resources and capabilities to address the potential changes that may occur for our clients as the regulatory environment evolves.” Navigant reported fourth quarter 2016 RBR of $239.7 million, a 13% increase (9% organic growth), compared to $212.0 million for fourth quarter 2015. Total revenues increased 14% to $266.1 million for fourth quarter 2016 compared to $232.6 million for fourth quarter 2015. Net income for fourth quarter 2016 was $13.5 million, or $0.28 per share, compared to $13.2 million, or $0.27 per share, in the prior year fourth quarter. Adjusted EPS was $0.30 for fourth quarter 2016, up 7% compared to fourth quarter 2015. Fourth quarter 2016 adjusted EBITDA was $34.8 million, a 13% increase, compared to $30.9 million for the same period in 2015. Adjusted EBITDA margin (adjusted EBITDA as a percent of RBR) for fourth quarter 2016 was 14.5%, flat compared to fourth quarter 2015. RBR for full year 2016 increased 13% (9% organic growth) on a year-over-year basis to $938.7 million compared to $833.8 million for full year 2015. Total revenues for full year 2016 increased 13% on a year-over-year basis to $1.03 billion compared to $919.5 million for full year 2015. Net income for full year 2016 was $58.1 million, or $1.19 per share, compared to $60.3 million, or $1.23 per share, in 2015. Adjusted EPS was $1.27 for full year 2016, up 19% compared to full year 2015. Full year 2016 adjusted EBITDA was $142.3 million, an 18% increase, compared to $120.9 million for full year 2015. Adjusted EBITDA margin for full year 2016 increased to 15.2% compared to 14.5% for full year 2015. “We made significant progress on our growth strategy while strengthening our financial position during 2016,” said Stephen Lieberman, Executive Vice President and Chief Financial Officer. “We completed strategic acquisitions and made investments to complement and enhance our core businesses, while also remaining intensely focused on strong capital management. Going forward, our emphasis will be on operating more efficiently to advance our growth agenda and to meet the financial targets we set forth today.” Healthcare segment RBR increased 21% for fourth quarter 2016 and 23% for full year 2016 compared to the respective periods in 2015, with more than half of that growth organic. Strength in both fourth quarter 2016 and full year 2016 was driven by continued demand for large, strategy-led transformation projects and revenue cycle consulting engagements. Segment operating profit was up 27% in both fourth quarter 2016 and full year 2016, compared to the respective periods of 2015. Energy segment RBR increased 14% for fourth quarter 2016 on a year-over-year basis, primarily driven by contributions from the Ecofys acquisition announced in November 2016. Full year 2016 RBR was up 9% from full year 2015, with more than half of that growth organic, reflecting an increase in demand for strategy and operations projects for utilities and energy efficiency evaluation and standards engagements driven largely by increased penetration of key client accounts. Segment operating profit was up 11% in fourth quarter 2016 and up 4% in full year 2016, compared to the respective periods in 2015. The Financial Services Advisory and Compliance segment RBR for fourth quarter 2016 increased 21% compared to the prior year quarter and increased 22% for full year 2016 compared to full year 2015, all on an organic basis. Strength was driven primarily by continued demand for financial crimes consulting expertise and an increase in compliance and controls engagements for major financial institutions, as compared to the prior year periods. Segment operating profit was up 18% in fourth quarter 2016 and up 29% in full year 2016, compared to the respective periods of 2015, driven by RBR growth, better pricing and greater use of lower cost, flexible resources. The Disputes, Forensics & Legal Technology segment RBR increased 2% for fourth quarter 2016 and 1% for full year 2016 compared to the respective periods in 2015, all on an organic basis. Growth in both fourth quarter 2016 and full year 2016 was primarily driven by the continued strong demand for our global expertise in complex industrial, infrastructure and commercial project matters and an increase in performance-based fees associated with mass tort claims work. Segment operating profit was up 4% in fourth quarter 2016 and up 6% in full year 2016 compared to the respective periods of 2015. Net cash provided by operating activities for fourth quarter 2016 was $54.4 million compared to $49.0 million for fourth quarter 2015, and was $110.0 for full year 2016 compared to $83.1 million for full year 2015, as a result of improved earnings. Free cash flow increased to $7.9 million for fourth quarter 2016 compared to $7.5 million for the same period in 2015, primarily driven by a decrease in deferred acquisition payments, partially offset by increased capital expenditures. Full year 2016 free cash flow was $78.8 million compared to $49.0 million for full year 2015, reflecting improved operating performance, decreased capital expenditures and a decrease in deferred acquisition payments. Days Sales Outstanding was 81 days as of December 31, 2016, up five days compared to December 31, 2015. Bank debt was $135.0 million at December 31, 2016, compared to $173.7 million at December 31, 2015 and $161.2 million at September 30, 2016. Leverage (bank debt divided by trailing twelve month adjusted EBITDA) was 0.95 at December 31, 2016, compared to 1.44 at December 31, 2015 and 1.17 at September 30, 2016. Navigant repurchased 291,495 shares of common stock during fourth quarter 2016 at an aggregate cost of $6.3 million and an average cost of $21.46 per share. For full year 2016, the Company repurchased approximately 1.4 million shares of common stock at an aggregate cost of $25.1 million and an average cost of $17.45 per share. As of December 31, 2016, approximately $63.0 million remained available under the Company’s share repurchase authorization. Navigant is introducing its 2017 outlook. Full year 2017 RBR is expected to range between $975 million and $1.010 billion while 2017 total revenues are estimated to be between $1.075 billion and $1.115 billion. Adjusted EBITDA for the full year 2017 is expected to range between $145 and $156 million and adjusted EPS for the full year 2017 is estimated to be between $1.29 and $1.36. This press release includes certain non-GAAP financial measures as defined by the Securities and Exchange Commission. Reconciliations of these non-GAAP financial measures to the most directly comparable financial measure calculated and presented in accordance with generally accepted accounting principles (GAAP) are included in the financial schedules attached to this press release. This information should be considered as supplemental in nature and not as a substitute for, or superior to, any measure of performance prepared in accordance with GAAP. No reconciliation of Navigant’s 2017 adjusted EBITDA guidance and 2017 adjusted EPS guidance, both of which exclude the impact and tax-effected impact of severance expense and other operating costs (benefit), respectively, is included in the financial schedules attached to this press release. Navigant is not able to accurately forecast the excluded items at the level of precision that would be required to be included in the most directly comparable GAAP financial measure without unreasonable efforts. Navigant will host a conference call to discuss the Company’s fourth quarter and full year 2016 results at 10:00 a.m. Eastern Time (9:00 a.m. Central Time) on Thursday, February 16, 2017. The conference call may be accessed via the Navigant website (investors.navigant.com) or by dialing 888.455.9733 (630.395.0358 for international callers) and referencing pass code “NCI.” An archived version of the webcast will also be available via the Navigant website. A report of financial and related supplemental information is also available via the Navigant website. Navigant Consulting, Inc. (NYSE: NCI) is a specialized, global professional services firm that helps clients take control of their future. Navigant’s professionals apply deep industry knowledge, substantive technical expertise, and an enterprising approach to help clients build, manage and/or protect their business interests. With a focus on industries and clients facing transformational change and significant regulatory or legal pressures, the Firm primarily serves clients in the healthcare, energy and financial services markets. Across a range of advisory, consulting, outsourcing, and technology/analytics services, Navigant’s practitioners bring sharp insight that pinpoints opportunities and delivers powerful results. More information about Navigant can be found at navigant.com. Statements included in this press release which are not historical in nature are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements may generally be identified by words such as “anticipate,” “believe,” ”may,” “could,” “intend,” “estimate,” “expect,” “plan,” “outlook” and similar expressions. These statements are based upon management’s current expectations and speak only as of the date of this press release. The Company cautions readers that there may be events in the future that the Company is not able to accurately predict or control and the information contained in the forward-looking statements is inherently uncertain and subject to a number of risks that could cause actual results to differ materially from those contained in or implied by the forward-looking statements including, without limitation: the execution of the Company’s long-term growth objectives and margin improvement initiatives; risks inherent in international operations, including foreign currency fluctuations; ability to make acquisitions and divestitures; pace, timing and integration of acquisitions and separation of divestitures; operational risks associated with new or expanded service areas, including business process management services; impairments; changes in accounting standards or tax rates, laws or regulations; management of professional staff, including dependence on key personnel, recruiting, retention, attrition and the ability to successfully integrate new consultants into the Company’s practices; utilization rates; conflicts of interest; potential loss of clients or large engagements and the Company’s ability to attract new business; brand equity; competition; accurate pricing of engagements, particularly fixed fee and multi-year engagements; clients’ financial condition and their ability to make payments to the Company; risks inherent with litigation; higher risk client assignments; government contracting; professional liability; information security; the adequacy of our business, financial and information systems and technology; maintenance of effective internal controls; potential legislative and regulatory changes; continued and sufficient access to capital; compliance with covenants in our credit agreement; interest rate risk; and market and general economic and political conditions. Further information on these and other potential factors that could affect the Company’s financial results are included under the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2015, and elsewhere in the Company’s filings with the Securities and Exchange Commission (SEC), which are available on the SEC’s website or at investors.navigant.com. The Company cannot guarantee any future results, levels of activity, performance or achievement and undertakes no obligation to update any of its forward-looking statements.
News Article | November 7, 2016
CHICAGO--(BUSINESS WIRE)--Navigant (NYSE : NCI) a annoncé aujourd'hui avoir acquis Ecofys, une société de conseil internationale basée en Europe qui bénéficie d'une position de leader dans les domaines de l'énergie et de la durabilité. L'ajout des 150 professionnels du conseil d'Ecofys va améliorer les capacités et les offres de solutions de Navigant, permettant à la société de bénéficier d'une expertise supplémentaire dans les domaines de la politique énergétique, des stratégies et politiques
News Article | November 7, 2016
CHICAGO--(BUSINESS WIRE)--Navigant (NYSE: NCI) today announced it has acquired Ecofys, an international consultancy based in Europe with a leading position in the fields of energy and sustainability. The addition of 150 Ecofys consulting professionals enhances Navigant’s capabilities and solution offerings, providing additional expertise in the areas of energy policy, climate strategies and policies, energy systems and markets, urban energy, and sustainability services. With this acquisition, N