NGP VAN is a privately owned American company specializing in helping progressive campaigns and organizations leverage technology to meet their goals. In 2009, the company was the largest partisan provider of campaign compliance software, used by most Democratic members of Congress. The company's services are utilized by notable clients such as the Obama 2012 presidential campaign. Wikipedia.
Ngp | Date: 2017-05-31
The present invention discloses a system for determining a working range of a self-propelled equipment, comprising a signal generating device, a wire for enclosing the working range and the self-propelled equipment. The self-propelled equipment comprises a drive unit, a control unit and at least one magnetic field signal detection unit provided on its body. The at least one magnetic field signal detection unit outputs a detection signal according to the intensity and direction of a detected magnetic field. The control unit receives the detection signal and controls the self-propelled equipment to act. The signal generating device comprises a pulse signal generator which produces and outputs pulse signals, a pulse width of which is less than a time interval between two of them. The pulse signals are pseudo-random pulse signals. The present invention enables a capability of detecting areas inside and outside the working range of the self-propelled equipment by applying the pseudo-random pulse signals on a closed-loop wire to produce magnetic fields and then detecting the intensity and direction of the magnetic fields in the areas inside and outside the working range by the self-propelled equipment. Thus, the present invention has a lower cost and is easier to implement than the prior art
News Article | August 3, 2017
FORT WORTH, Texas--(BUSINESS WIRE)--Black Mountain Sand LLC (“Black Mountain” or the “Company) announced that the Company has entered into a new multi-year supply contract with Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback") beginning in early 2018. This agreement will ensure Diamondback’s long-term continuity of frac sand supply through committed capacity of Black Mountain’s two 4 million tons per year facilities and 1.5 billion tons of in-basin frac sand reserves. Black Mountain will dedicate a substantial portion of its Permian mine capacity to Diamondback, providing a single, secure source of in-basin 100 mesh and 40/70 frac sand supply. Black Mountain has accumulated nearly 30,000 acres of quality sand reserves with strategic road access, abundant water supply, and avoidance of the dune sagebrush lizard habitat. As the largest in-basin sand company, Black Mountain’s unrivaled acreage position and 2018 mining capacity of over 8 million tons will help meet Diamondback’s rapidly expanding frac sand demand. In addition, the strategic position of Black Mountain’s acreage, within trucking distance of Diamondback’s Midland and Delaware acreage, will significantly streamline cumbersome logistics components in the value chain. This will allow Diamondback to create a flexible supply chain and secure frac sand at the lowest delivered cost in the Permian Basin. Travis Stice, Diamondback Chief Executive Officer, commented, “We are excited about our Permian based partnership with Black Mountain Sand and the advantages it will afford both parties. A long-term commitment with a local sand supplier guarantees us a secure source of supply to execute our drilling plans in the Midland and Delaware Basins at a cost that will improve our single well economics, helping us maintain our position as the low cost operator in the Permian Basin.” “We are thrilled to be a part of this unique partnership with Diamondback. The location of our reserves in the heart of the Permian Basin provides us a major cost advantage that we can pass through to our customers as they develop their Midland and Delaware Basin assets,” said Rhett Bennett, Black Mountain Chief Executive Officer. “Through the continued support of our financial sponsor and the reserves we’ve secured throughout the basin, we will be in a position to support Diamondback’s growth needs for a very long time.” Black Mountain Sand is an NGP-backed sand supplier with nearly 30,000 acres accumulated within Winkler County, and primarily serves the Permian Basin. The Company’s in-basin product, Winkler White™, provides a high quality, cost-effective proppant solution to meet the demands of the Permian Basin. For more information, visit www.blackmountainsand.com. Diamondback is an independent oil and natural gas Company headquartered in Midland, Texas focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. Diamondback's activities are primarily focused on the horizontal exploitation of multiple intervals within the Wolfcamp, Spraberry, Clearfork, Bone Spring and Cline formations. Founded in 1988, NGP is a premier private equity firm in the natural resources industry with approximately $17 billion of cumulative equity commitments organized to make strategic investments in the energy and natural resources sectors. For more information visit www.ngpenergycapital.com. This news release contains forward-looking statements within the meaning of the federal securities laws. All statements, other than historical facts, that address activities that Diamondback assumes, plans, expects, believes, intends or anticipates (and other similar expressions) will, should or may occur in the future are forward-looking statements, including specifically the statements regarding the proposed activities associated with the assets included in the acquisition announced above. The forward-looking statements are based on management's current beliefs, based on currently available information, as to the outcome and timing of future events. These forward-looking statements involve certain risks and uncertainties that could cause the results to differ materially from those expected by the management of Diamondback. Information concerning these risks and other factors can be found in Diamondback's filings with the Securities and Exchange Commission, including its Forms 10-K, 10-Q and 8-K, which can be obtained free of charge on the Securities and Exchange Commission's web site at http://www.sec.gov. Diamondback undertakes no obligation to update or revise any forward-looking statement.
News Article | May 24, 2017
NEW YORK--(BUSINESS WIRE)--On June 4, 2017, the inaugural World Ocean Festival, organized by The Global Brain Foundation and hosted by the City of New York, will feature leading marine biologists, ocean advocates, entrepreneurs, and more speaking at a free, public program called World Ocean Festival Speaker Forum sponsored by National Geographic Encounter: Ocean Odyssey. The Festival is an effort to bring together people and organizations who care deeply about the Ocean and who will stand together for its protection in advance of “The Ocean Conference” at the United Nations (June 5-9). The World Ocean Festival Speaker Forum will feature interactive panel discussions about coral reefs, plastic pollution, fishing and seafood and urban Ocean conservation on Sunday, June 4, 11:00 a.m. until 4:00 p.m. Eastern Time. The program is free and open to the public at the Ocean Village exhibition area at Picnic Point at the southern tip of Governors Island. The program will be capped off with a closing ceremony and awards presentation. “Fueled by the power of exploration and storytelling, National Geographic strives to connect people with the world around them and inspire them to make a difference,” said Declan Moore, Chief Executive Officer of National Geographic Partners. “We continue to look for new and exciting ways to bring the story of our world’s oceans to life through projects like the Pristine Seas Initiative and National Geographic Encounter Ocean Odyssey – a new immersive entertainment experience that uses ground-breaking technology to transport visitors through the Pacific Ocean where they encounter its greatest wonders and mightiest creatures. The World Ocean Festival is a unique opportunity to further engage with our audience on the importance of ocean preservation and provide a platform for leaders in ocean advocacy, exploration, and research to discuss how we can all work together to improve the health of our oceans.” “We are thrilled to have all of these incredible voices of the ocean coming to join us at Governors Island on June 4,” said Natalia Vega-Berry, Founder and Executive Producer of World Ocean Festival and The Global Brain Foundation. “World Ocean Festival is merely providing the moment for people and organizations to stand together for the ocean in advance of the UN convening to show world leaders how strongly we feel.” “We depend on the ocean for everything from the food we eat to the air we breathe,” said Maria Damanaki, Managing Director for Oceans at The Nature Conservancy. “Now more than ever, the future health of our oceans depends on us. It is exciting to see the United Nations call on governments, NGOs and citizens to commit to protect the ocean and ensure that it will continue to provide for us and for generations to come echoed by this Festival and met with global support." Curated and moderated by Ayana Elizabeth Johnson, Ph.D., Founder Ocean Collectiv, the World Ocean Festival Speaker Forum will delve into the issues that threaten the ocean as well as solutions for addressing them in an engaging way. The program includes panel discussions with the world’s experts on topics including “Coral Reefs and Climate” (11:00 a.m.), “Plastic Pollution” (1:30 p.m.), “Fishing and Seafood” (2:30 p.m.) and “Urban Ocean: Conservation” (3:30 p.m.). The program will include a rally featuring global youth ambassadors for the ocean. In addition to World Ocean Festival Speaker Forum, the World Ocean Festival will include the first-of-its kind Ocean March parade of boats in New York Harbor led by the historic John J. Harvey fireboat. The Festival Village on Governors Island will feature a performance by a Fijian military band and awards for luminaries in the field of ocean science, environmental sustainability, global and local organizing, and ocean advocacy. The full program of activities can be found online at the World Ocean Festival website with registration information and a detailed program listing and speaker bios. National Geographic Encounter: Ocean Odyssey is a first-in-kind immersive entertainment experience that transports audiences on a jaw-dropping, never-before-seen undersea journey. Developed by a team of Academy, Emmy and Grammy Award-winning creative minds, National Geographic Encounter harnesses groundbreaking digital technology to create a completely new kind of entertainment experience that enables visitors to explore the depths of the Pacific Ocean and come face-to-face with its greatest wonders and mightiest creatures. National Geographic Encounter opens October 2017 and is located in the heart of New York City’s Times Square. The City of New York and The Global Brain are joined by leaders in ocean conservation, advocacy, and sustainable development our Founding Partners Mission Blue, Ocean Elders, Oceanic and The Nature Conservancy. This event is made possible by support from Founding Sponsor Toyota USA, creator of the Mirai fuel cell vehicle and National Geographic. Core Supporters of the World Ocean Festival include Peace Boat, Connect4Climate, Ocean Collectiv and NGO Committee of Sustainable Development-NY. Additional supporters include: Classic Harbor Line, Conscious Good, Ocean Film Festival, Style & Resilience, TerraCycle, Waterkeeper Alliance, AEFocus, Connect 4 Climate, NGO Committee of Sustainable Development-NY, Metcalf Institute, Sustainable Ocean Alliance, We Are The Oceans, Clean Seas, Bye Bye Plastics, Monterey Bay Aquarium, National Educators Association, Mukaro, RiseUP, Blue Mind, The Foundation Center, Waterfront Alliance, Sailors for the Sea, Earth Day Network, The Lonely Whale Foundation, Sea Youth Rise Up, Guy Harvey Ocean Foundation, Blue Ocean Network, Second Muse, Wildlife Conservation Society and NYC Junior Ambassadors. The World Ocean Festival is a public event hosted by the City of New York and organized by The Global Brain Foundation to raise peoples’ voices for the preservation and sustainable use of the Ocean (Sustainable Development Goal 14) in advance of the The Ocean Conference at United Nations Headquarters, which aims to be the game changer that will reverse the decline in the health of our ocean for people, planet and prosperity. For more information about the World Ocean Festival and to register for the Ocean March on June 4, 2017, visit: http://www.worldoceanfest.org/ or follow us on Twitter @WorldOceanFest, on Instagram @WorldOceanFestival, and on Facebook @WorldOceanFestival. National Geographic Partners LLC (NGP), a joint venture between National Geographic and 21st Century Fox, is committed to bringing the world premium science, adventure and exploration content across an unrivaled portfolio of media assets. NGP combines the global National Geographic television channels (National Geographic Channel, Nat Geo WILD, Nat Geo MUNDO, Nat Geo PEOPLE) with National Geographic’s media and consumer-oriented assets, including National Geographic magazines; National Geographic studios; related digital and social media platforms; books; maps; children’s media; and ancillary activities that include travel, global experiences and events, archival sales, licensing and e-commerce businesses. Furthering knowledge and understanding of our world has been the core purpose of National Geographic for 129 years, and now we are committed to going deeper, pushing boundaries, going further for our consumers … and reaching over 730 million people around the world in 172 countries and 43 languages every month as we do it. NGP returns 27 percent of our proceeds to the nonprofit National Geographic Society to fund work in the areas of science, exploration, conservation and education. For more information visit natgeotv.com or nationalgeographic.com, or find us on Facebook, Twitter, Instagram, Google+, YouTube, LinkedIn and Pinterest. The Nature Conservancy is a global conservation organization dedicated to conserving the lands and waters on which all life depends. Guided by science, we create innovative, on-the-ground solutions to our world's toughest challenges so that nature and people can thrive together. We are tackling climate change, conserving lands, waters and oceans at unprecedented scale, and helping make cities more sustainable. Working in more than 65 countries, we use a collaborative approach that engages local communities, governments, the private sector, and other partners. To learn more, visit www.nature.org or follow @nature_press on Twitter. The Global Brain Foundation is a 501 C3 not for profit corporation. Our mission is to create new initiatives and ventures to tackle issues where mass participation and collective action can unlock big change. Our current initiatives are in support of the United Nations 17 Sustainable Development Goals and new climate agreements. To learn more, visit: http://www.globalbrain.is/.
News Article | May 25, 2017
WASHINGTON--(BUSINESS WIRE)--Nat Geo WILD and RED Digital Cinema, a leading manufacturer of professional digital cameras, have joined forces to reinvent wildlife storytelling through Nat Geo WILD’s RED Challenge. Ten experienced filmmakers are heading out on a 15-week mission to produce, shoot and deliver innovative short films showcasing their modern take on the wildlife genre. This is a rare opportunity for filmmakers to go off script and push creative boundaries in the field using some of the best camera technology available today. A hand-selected group of cinematographers from around the world has been outfitted with RED’s state-of-the-art WEAPON 8K S35 camera and challenged to create films that inspire audiences to “let the wild in” while putting a new spin on wildlife storytelling. While RED cameras are known for their work in Hollywood, the lightweight modular design and incredible image quality of RED cameras have made them ideal for any project, including natural history. The winner of the challenge will be announced at the 2017 Jackson Hole Wildlife Film Festival in September. Until then, keep up with the filmmakers’ adventures in the field through the hashtag #WILDxRED on social media. “RED is disrupting the filmmaking industry by reinventing visual storytelling, so we’re naturally thrilled to partner with them on this ambitious and innovative challenge,” said Geoff Daniels, executive vice president and general manager of Nat Geo WILD. “Wildlife filmmaking is one of the most celebrated and specialized forms of storytelling and, incidentally, one of the oldest, which is why we want to give participants complete freedom to unleash their creativity as we look to inspire audiences around the world with their unique vision. I can't wait to see how these filmmakers redefine the genre by going WILD!” “We are really excited to partner with Nat Geo WILD on the RED Challenge,” said Jarred Land, president of RED Digital Cinema. “I am looking forward to seeing what these filmmakers create when equipped with RED cameras to help them capture their stories.” RED Digital Cinema is a leading manufacturer of professional digital cameras and accessories. In 2006, RED began a revolution with the 4K RED ONE digital cinema camera. By 2008, RED had released the Digital Stills and Motion Camera system that allowed the same camera to be used on features like “The Hobbit” trilogy and “The Martian,” Emmy-winning shows like “House of Cards” and covers of magazines such as Vogue and Harper’s Bazaar. The cameras of RED’s DSMC2 line — RED RAVEN, SCARLET-W, RED EPIC-W and WEAPON — combine compact and lightweight design, superior image quality, incredible dynamic range, modularity and cutting-edge performance, including up to 8K resolution. In 2017, RED's newest 8K sensor, HELIUM, set the new image quality standard with the highest DxOMark score ever. National Geographic Partners LLC (NGP), a joint venture between National Geographic and 21st Century Fox, is committed to bringing the world premium science, adventure and exploration content across an unrivaled portfolio of media assets. NGP combines the global National Geographic television channels (National Geographic Channel, Nat Geo WILD, Nat Geo MUNDO, Nat Geo PEOPLE) with National Geographic’s media and consumer-oriented assets, including National Geographic magazines; National Geographic studios; related digital and social media platforms; books; maps; children’s media; and ancillary activities that include travel, global experiences and events, archival sales, licensing and e-commerce businesses. Furthering knowledge and understanding of our world has been the core purpose of National Geographic for 129 years, and now we are committed to going deeper, pushing boundaries, going further for our consumers … and reaching over 730 million people around the world in 172 countries and 43 languages every month as we do it. NGP returns 27 percent of our proceeds to the nonprofit National Geographic Society to fund work in the areas of science, exploration, conservation and education. For more information visit natgeowild.com or nationalgeographic.com, or find us on Facebook, Twitter, Instagram, Google+, YouTube, LinkedIn and Pinterest.
News Article | August 8, 2017
HOUSTON--(BUSINESS WIRE)--Hibernia Energy III, LLC (“Hibernia III”) is pleased to announce it has raised $250 million of new equity commitments from NGP through NGP Natural Resources XII, L.P., the most recent NGP private equity fund focused on natural resources. In addition to the commitment from NGP, Hibernia management and members will be committing in excess of $21 million in equity. Hibernia III’s strategy is to acquire and prudently develop unconventional oil and gas assets in Texas, leveraging its proprietary relationships and operational expertise. The Houston, Texas based Hibernia team previously acquired, operated and developed assets in Martin County, Texas within the Midland Basin, divesting assets to both Athlon Energy and Eagle Energy Trust. Hibernia III is led by P. Embry Canterbury, Sean Keenan and John Blevins. Embry previously co-founded Hibernia Energy, LLC (“Hibernia I”) and Hibernia Energy II, LLC (“Hibernia II”), which originally partnered with NGP in July 2010 and May 2013. Embry will be joined by Sean Keenan and John Blevins who will act as CFO and COO, respectively. Additional management team members have served in various roles at Permian-focused companies as reservoir engineers, operations engineers, geologists and land and business development managers. Carl Carter III, who co-founded Hibernia I and II, will act as a Strategic Advisor to the Hibernia III team. The senior management team has developed a strong track record in the Permian and other unconventional basins throughout the United States and brings 60+ years of industry experience to Hibernia III. P. Embry Canterbury, CEO of Hibernia III, commented, “After two successful partnerships in the Midland Basin, we are excited to again be working with NGP on building another oil and gas company focused on creating significant value for our partners and team members. We believe there are tremendous opportunities in today’s market to acquire, develop, and realize value in multiple, unconventional resources and we have assembled a best-in-class team to execute this strategy.” “NGP is excited and grateful to partner with the Hibernia III team,” Patrick McWilliams, Partner at NGP, said. “We are thrilled to get to work again with such an energetic, disciplined and skilled company and could not be happier to continue the partnership. We have known Embry and the Hibernia III team for years, and respect the dynamic culture, top-tier operating capabilities, and deep local relationships that will make Hibernia III truly successful.” For more information about Hibernia III, please visit www.hiberniaresources.com. Founded in 1988, NGP is a premier private equity firm in the natural resources industry with approximately $17 billion of cumulative equity commitments organized to make strategic investments in the energy and natural resources sectors. For more information about NGP, please visit www.ngpenergycapital.com.
Ngp | Date: 2017-08-23
The present invention relates to a method for manufacturing a laminated object (100). A foam core (1) and a skin (6) are provided and the foam core (1) and the skin (6) are arranged relative to each other. The skin (6) is heated. The skin (6) is pierced by a vacuum application device (10). Further, vacuum is applied via the vacuum application device (10) so as to withdraw a gaseous medium, in particular air, from within the foam core (1) and from a space or spaces between the foam core (1) and the skin (6), in order to draw the skin (6) towards the foam core (1). Furthermore, the invention provides a manufacturing device (210) for manufacturing a laminated object (100), laminated objects (100) comprising a foam core (1) and a skin (6), a method for producing pallets comprising a foam core and a skin, as well as pallets comprising a foam core (1) and a skin (6).
News Article | May 11, 2017
CALGARY, ALBERTA--(Marketwired - May 11, 2017) - Waterous Energy Fund ("WEF") is pleased to announce that its affiliates, WEF GP (International) Ltd., the general partner of Waterous Energy Fund (International) L.P. and WEF GP (Canadian) Corp., the general partner of Waterous Energy Fund (Canadian) L.P., have today completed the previously announced acquisition of approximately 67% of the issued and outstanding common shares of Northern Blizzard Resources Inc. (the "Company") from affiliates of Riverstone Holdings, LLC, and NGP Energy Capital Management, LLC. The acquisition was completed pursuant to the terms of the previously announced share purchase agreements for a purchase price of $3.60 per common share for an aggregate purchase price of $244 million. WEF acquired approximately 27.18% of the issued and outstanding common shares of the Company from R/C Canada Coöperatief U.A. ("R/C Canada"), and 40,316,175 common shares, representing approximately 39.91% of the issued and outstanding common shares of the Company, from NGP IX Northern Blizzard S.A.R.L. ("NGP IX", and together with R/C Canada the "Vendors"). WEF now holds 67,742,345 common shares of the Company representing 67.09% of the issued and outstanding common shares of the Company. The transaction was subject to certain regulatory approvals, including Competition Act (Canada) which was received prior to completion. WEF has also been assigned R/C Canada's and NGP IX's rights under a registration rights agreement dated July 22, 2010. Prior to the acquisition, WEF held no shares in the Company. WEF has acquired the shares for investment purposes and may increase or decrease its beneficial ownership, control or direction over securities of the Company in the future. WEF acquired the common shares of the Company pursuant to the exemption from the formal take-over bid requirements of securities legislation pursuant to the exemption set out in Section 4.2 of Multilateral Instrument 62-102 (the "Instrument"). In accordance with that exemption, the purchase is was made from only two persons, no offer was made generally to the common shareholders of the Company, and the purchase price for the common shares was less than 115% of the market price of the common shares, calculated in accordance with the instrument. This press release is being disseminated as required by National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues and Multilateral Instrument 62-104 - Take-Over Bids and Issuer Bids in connection with the filing of early warning reports (the "Early Warning Reports") containing the information with respect to the foregoing matters. A copy of the Early Warning Reports will be filed shortly under the Corporation's profile on SEDAR (www.sedar.com) and a copy thereof shall be promptly sent to anyone who requests it from the person noted below. Waterous Energy Fund is a Calgary headquartered oil and gas private equity firm targeting a focused portfolio of owned and controlled investment opportunities between $100 and $400 million across North America. WEF's current portfolio includes Strath Resources Ltd., a private oil and gas producer in the Kakwa region of the Montney basin of Alberta. To date, WEF has made equity commitments of approximately $650 million, and post-closing its investment in Northern Blizzard will control assets with an enterprise value in excess of $1 billion.
News Article | June 13, 2017
The Assets contributed approximately 16% of Fishing & Rental Services segment revenue in the first quarter 2017. The transaction will result in an approximately $17.0 million gain on sale of the Assets. Key does not expect to pay any cash taxes associated with this gain. Key's President and Chief Executive Officer, Robert Drummond, stated, "This divestiture represents another milestone in Key's continued effort to dispose of non-core assets to position the company as a leading production services provider in the U.S. We appreciate John and the Covenant team's commitment to closing this transaction and wish the Covenant team continued success moving forward." Covenant's Chief Executive Officer, John Cavitt, commented, "Covenant is excited to announce the addition to our existing fleet of flowback and well testing equipment. These assets will service the growing demand of our customers in the Permian Basin and will position Covenant as one of the largest pure play well flow management businesses in the U.S. We are honored to have Key as an equity partner and are grateful for a smooth, accretive transaction for both parties." Key Energy Services is the largest onshore, rig-based well servicing contractor based on the number of rigs owned. Key provides a complete range of well intervention services and has operations in all major onshore oil and gas producing regions of the continental United States and internationally in Russia. Founded in 2013, Covenant combines leading technology with some of the most skilled and knowledgeable operators in the business. With operations in the key areas of the Permian Basin and Niobrara Shale, Covenant provides best-in-class flowback and well testing services with a special focus on horizontal and pad drilling for the upstream oil and gas services industry. Covenant is an affiliate of Catapult Energy Services Group. Founded in 2013, Catapult uses an innovative approach to establish and invest in start-up oilfield services companies. Led by experienced entrepreneurs, Catapult is funded by NGP and NGP Energy Technology Partners. Founded in 1988, NGP is a premier private equity firm in the natural resources industry with approximately $17 billion of cumulative equity commitments organized to make strategic investments in the energy and natural resources sectors. For more information visit www.ngpenergycapital.com. NGP Energy Technology Partners ("NGP ETP") invests equity capital for growth and buyout transactions in companies that provide products and services to the oil and gas, power, environmental, energy efficiency, and alternative energy sectors. Founded in 2005, NGP ETP manages approximately $500 million in committed capital and is led by investment professionals that have extensive experience investing in those subsectors. The investment team strives to partner with strong, experienced management teams and work with them to create significant value. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that are not historical in nature or that relate to future events and conditions are, or may be deemed to be, forward-looking statements. These forward-looking statements are based on Key's current expectations, estimates and projections and its management's beliefs and assumptions concerning future events and financial trends affecting its financial condition and results of operations. In some cases, you can identify these statements by terminology such as "may," "will," "should," "predicts," "expects," "believes," "anticipates," "projects," "potential" or "continue" or the negative of such terms and other comparable terminology. These statements are only predictions and are subject to substantial risks and uncertainties and are not guarantees of performance. Future actions, events and conditions and future results of operations may differ materially from those expressed in these statements. In evaluating those statements, you should carefully consider the information above as well as the risks outlined in "Item 1A. Risk Factors," in Key's Annual Report on Form 10-K for the year ended December 31, 2016 and in other reports Key files with the Securities and Exchange Commission. Key undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release except as required by law. All of Key's written and oral forward-looking statements are expressly qualified by these cautionary statements and any other cautionary statements that may accompany such forward-looking statements. Important factors that may affect Key's expectations, estimates or projections include, but are not limited to, the following: conditions in the oil and natural gas industry, especially oil and natural gas prices and capital expenditures by oil and natural gas companies; volatility in oil and natural gas prices; Key's ability to implement price increases or maintain pricing on its core services; risks that Key may not be able to reduce, and could even experience increases in, the costs of labor, fuel, equipment and supplies employed in its businesses; industry capacity; asset impairments or other charges; the periodic low demand for Key's services and resulting operating losses and negative cash flows; Key's highly competitive industry as well as operating risks, which are primarily self-insured, and the possibility that its insurance may not be adequate to cover all of its losses or liabilities; significant costs and potential liabilities resulting from compliance with applicable laws, including those resulting from environmental, health and safety laws and regulations, specifically those relating to hydraulic fracturing, as well as climate change legislation or initiatives; Key's historically high employee turnover rate and its ability to replace or add workers, including executive officers and skilled workers; Key's ability to incur debt or long-term lease obligations; Key's ability to implement technological developments and enhancements; severe weather impacts on Key's business; Key's ability to successfully identify, make and integrate acquisitions and its ability to finance future growth of its operations or future acquisitions; Key's ability to achieve the benefits expected from disposition transactions; the loss of one or more of Key's larger customers; Key's ability to generate sufficient cash flow to meet debt service obligations; the amount of Key's debt and the limitations imposed by the covenants in the agreements governing its debt, including its ability to comply with covenants under its current debt agreements; an increase in Key's debt service obligations due to variable rate indebtedness; Key's inability to achieve its financial, capital expenditure and operational projections, including quarterly and annual projections of revenue and/or operating income and its inaccurate assessment of future activity levels, customer demand, and pricing stability which may not materialize (whether for Key as a whole or for geographic regions and/or business segments individually); risks affecting Key's international operations, including risks affecting Key's ability to execute its plans to withdraw from international markets outside North America; Key's ability to respond to changing or declining market conditions, including Key's ability to reduce the costs of labor, fuel, equipment and supplies employed and used in its businesses; Key's ability to maintain sufficient liquidity; the adverse impact of litigation; and other factors affecting Key's business described in "Item 1A. Risk Factors" in its Annual Report on Form 10-K for the year ended December 31, 2016, and other reports Key files with the Securities and Exchange Commission. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/key-energy-services-announces-the-sale-of-its-frac-stack-and-well-testing-assets-300473377.html
News Article | May 9, 2017
i-glo™ is a truly innovative product. Designed in the UK, involving over 100 experts across five continents including; scientists, engineers, designers, tobacco experts and toxicologists. Kingsley Wheaton, Managing Director - Next Generation Products, at BAT commenting on the launch said: "i-glo™ represents our strategy in action - offering adult smokers a range of innovative alternatives to cigarettes." i-glo™ is currently available in Vancouver, British Columbia. The company plans to expand the product into other provinces over the coming months. Canada is now the third market in which i-glo™ - also known as glo™ in some countries - has launched, as the company seeks to expand its consumer offering and footprint in innovative next generation products. Wheaton continued: "Canadian adult smokers are looking for a choice of alternative tobacco products. We believe i-glo™ will satisfy that demand and offer them a real alternative to smoking." glo™ is already available in Sendai, Japan, and Switzerland. Following the launch of glo™ in Sendai, it has already gained 6.7% share of the tobacco market in a leading convenience store chain. In addition, glo™ is gaining great consumer feedback in Japan and awareness of the product by consumers is extremely high. Over the last five years, British American Tobacco has invested over US$1 billion in the development and commercialisation of alternative products and is committed to offering adult smokers a range of innovative Vapour and Tobacco Heating Products (THP) that are potentially less risky than traditional tobacco products such as conventional cigarettes. BAT has the aim to lead in what it refers to as the Next Generation Product (NGP) category which includes leading in vapour, with its brand Vype, and leading in the THP market with i-glo™/ glo™. British American Tobacco already has NGPs available in 13 markets across the Globe. The company plans on doubling its market presence in NGPs in 2017, and then again in 2018, to over 40 markets. *These qualities do not necessarily mean that this product produces less adverse health effects than other tobacco products. By cleaner experience we are making the comparison with smoking conventional cigarettes which, unlike i-glo™/ glo™ produces ash. *These qualities do not necessarily mean that this product produces less adverse health effects than other tobacco products. By cleaner experience we are making the comparison with smoking conventional cigarettes which, unlike i-glo™/ glo™ produces ash. i-glo™ (also known as glo™) is a tobacco heating product designed to offer ease of use and best-in-class quality and safety standards. It includes a number of safety features to prevent product malfunctions such as overheating and battery explosions and to ensure a quality user experience, for example: Next Generation Products is part of British American Tobacco Group, focussed on developing and delivering exciting alternative products for adult consumers in the key areas of: Vapour and Tobacco Heating Products. British American Tobacco is the world's second largest quoted tobacco group by global market share, with brands sold in more than 200 markets. We have five Global Drive Brands - Dunhill, Kent, Lucky Strike, Pall Mall and Rothmans - and over 200 brands in our portfolio. We hold robust market positions in each of our regions and have leadership positions in more than 60 markets.
Ngp | Date: 2015-09-21
The present invention relates to a method, apparatus and system for measuring the content of either one or more gas analytes that may be part of a gas. The present invention applies a spectroscopic method that utilizes an extremely narrow linewidth laser beam that is absorbed when its wavelength is swept across the interval containing the absorption line of the analyte. The method, apparatus and system of the present invention is applicable to any analyte in gas phase that is part of a gas mixture, or to any analyte in a plasma phase, as well as analytes in other environments.