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News Article | November 21, 2016
Site: www.prnewswire.co.uk

CHICAGO, Nov. 21, 2016 /PRNewswire/ -- Greeley and Hansen, a global environmental engineering and consulting firm, announced that Val S. Frenkel, PhD, has joined the firm as Vice President of Process Engineering. A prominent industry expert with over 25 years of vast experience in water and wastewater treatment and water reuse process design, Dr. Frenkel is recognized as an international authority on desalination and membrane technologies.  In this key role at Greeley and Hansen, Dr. Frenkel will lead efforts to expand the firm's process engineering capabilities and opportunities for future growth in this area.  He will also serve as the global leader of the firm's Water Reuse Technical Center of Excellence. "The strategic addition of Dr. Frenkel to the Greeley and Hansen team, will even better position our firm to meet the increasingly complex challenges within the water and wastewater industry today," said Greeley and Hansen President, John C. Robak. "Val's impressive technical knowledge and expansive experience on major water and wastewater projects worldwide will be valuable assets for providing our clients with innovative and effective process configurations and sustainable solutions to meet their long-term needs." Dr. Frenkel most recently served as a Principal Project Manager for CH2M.  He is a licensed professional engineer in the State of California and Ontario, Canada and is also certified as a Diplomate, Water Resources Engineer (D.WRE) by the American Academy of Water Resources Engineers. Dr. Frenkel is an active member of numerous industry organizations, including the American Water Works Association, American Society of Civil Engineers, and the Water Environment Federation, among others. In addition, he is a Fellow of the International Water Association and has served on multiple water reuse and membrane processes committees for various industry organizations.  The author of more than 100 articles and presentations on a wide range of water reuse and treatment process topics, Dr. Frenkel has also contributed chapters to several industry-wide Manuals of Practice.  He is the author of a number of patents for his work and is the recipient of numerous professional awards. Greeley and Hansen is a leader in developing innovative engineering, architecture, and management solutions for a wide array of complex water, wastewater, and related infrastructure challenges. The firm has built upon over 100 years of proven civil and environmental engineering experience in all phases of project development and implementation to become a premier global provider of comprehensive services in the water sector. Greeley and Hansen is dedicated to designing better urban environments worldwide. http://www.greeley-hansen.com/new.htm


News Article | November 18, 2016
Site: www.prweb.com

The Community for Accredited Online Schools (AccreditedSchoolsOnline.org) has released it’s ranking of Florida’s Best Vocational and Trade Programs for 2016-2017. The higher education resource and information site chose 38 Florida colleges for the list, highlighting both two- and four-year schools offering on-campus or online trade and vocational training. Schools scoring highest include: Florida State College at Jacksonville, Pensacola State College, Palm Beach State College, Santa Fe College and Daytona State College (four-year schools) and Hillsborough Community College, Tallahassee Community College, City College Altamonte Springs and Hollywood campuses and Charlotte Technical Center (two-year schools). “Most jobs in the U.S. do not require a Bachelor’s level education, and only 30 percent of the labor force in the U.S. has a four-year degree as of 2009,” said Doug Jones, CEO and Founder of the Community for Accredited Online Schools. “These Florida schools are providing excellent education options for students interested in trade or vocational careers, which are projected to be some of the fastest-growing industries in the nation through 2024.” To qualify for placement on Florida’s Best Trade Schools list, the Community for Accredited Online Schools requires colleges to meet several minimum quality standards. Each college must be regionally accredited and carry public or private not-for-profit status. All schools on the list must also offer career placement services to help maximize student success. The site analyzes each qualifying school based on more than a dozen unique factors, such as student-teacher ratios, graduation rates and more to come up with scoring. A full list of the ranking and the data points and methodology used to determine the Best Trade Schools in Florida can be found at: Broward College Chipola College City College - Fort Lauderdale College of Central Florida Daytona State College Eastern Florida State College Florida Gateway College Florida SouthWestern State College Florida State College at Jacksonville Gulf Coast State College Hodges University Indian River State College Johnson & Wales University - North Miami Keiser University - Fort Lauderdale Lake-Sumter State College Miami Dade College Northwest Florida State College Palm Beach State College Pasco-Hernando State College Pensacola State College Polk State College Remington College - Heathrow Campus Remington College - Tampa Campus Santa Fe College Seminole State College of Florida South Florida State College St Petersburg College State College of Florida - Manatee-Sarasota Valencia College Webber International University About Us: The Community for Accredited Online Schools (AccreditedSchoolsOnline.org) was founded in 2011 to provide students and parents with quality data and information about pursuing an affordable education that has been certified by an accrediting agency. Our community resource materials and tools span topics such as college accreditation, financial aid, opportunities available to veterans, people with disabilities, as well as online learning resources. We feature higher education institutions that have developed online learning programs that include highly trained faculty, new technology and resources, and online support services to help students achieve educational success. environments that include highly trained faculty, new technology and resources, and online support services to help students achieve educational and career success.


« DLR, AEB developing new injection heads enabling use of ethanol as rocket fuel | Main | Hyundai begins rollout of Ioniq Hybrid, PHEV and EV; most efficient non-plug vehicle, most efficient EV in US; powertrain discussion » Hyundai has begun the US sales rollout of its Ioniq line of electrified vehicles, which come in hybrid, plug-in hybrid and battery-electric variants. (Earlier post.) At a media preview in Santa Barbara this week, Hyundai executives said the the hybrid will be moving into showrooms shortly, the battery-electric version in April (in California initially), and the plus-in hybrid in Q4. The Ioniq Hybrid boasts the highest fuel economy in the US (up to 58 mpg) for a non-plug-in vehicle and the Ioniq Electric is the industry’s most efficient EV (136 mpge). All three variants were available for media drives this week (drive impressions embargoed until next Monday); the hybrid and EV versions were production cars, the plug-in was still characterized as “prototype.” Nevertheless, technical executives and engineers from Korea and from the Hyundai-Kia America technical center in the US were on hand to provide market and technical background. Furthermore, two engineers from the US technical center gave presentations last week at the SAE 2017 Hybrid & Electric Vehicle Technologies Symposium in San Diego, discussing aspects of the hybrid and battery-electric powertrains, including some of the unique features and Hyundai “firsts” represented in the Ioniq. Market background. Mike O’Brien, Hyundai vice president of corporate and product planning, noted that the “green car market” in the US has declined a bit—about one hundred thousand units since its high in 2013 with 3.8% market share for all electrified vehicles (hybrid, PHEV and BEV). The market has stabilized over the past two years at about 2.87% share for electrified powertrains. Overall, the number of hybrid models on sale in the US has declined (from 47 in 2015 to 31 in 2016), but average sales per model has increased (up to 11,194 in 2016). Plug-in hybrids have seen a steady increase in the number of models, accompanied by a decline in the sales per model, as the demand has not kept up with the new model introductions. For EVs, both the number of models and the sales per model have been increasing steadily year over year. Government policies and regulations will continue to drive the development and adoption of alternative powertrains, O’Brien noted. In addition to the regulatory impetus, a number of megatrends are transforming the automotive marketplace. Among these are the generational shift from Boomers to Millenials, urbanization, the development of connected and autonomous vehicles, and the benefits of electrification. Development background. Hyundai has been developing eco-focused vehicles for some two decades. Its current offerings are electric, hybrid, plug-in hybrid and fuel cell technologies. Hyundai is on its second-generation of Hyundai Sonata and Kia Optima hybrids. (Earlier post.) Customer and reviewer response to these has led Hyundai to the higher volume and more competitive eco segment—e.g., the Hyundai Ioniq and the Kia Nitro, said Dean Schlingmann, Senior Hybrid Powertrain Engineer at Hyundai-Kia America Technical Center, at SAE 2017 Hybrid & Electric Vehicle Technologies Symposium. The Hyundai Ioniq/Kia Nitro platform is designed from ground up to maximize efficiency and minimize compromises that have been seen in the past when trying to hybridize an ICE vehicle. The Ioniq and Niro powertrains are, for all intents and purposes, identical. Design objectives included: The end result for the Ioniq was an up to 58 mpg (4.05 l/100km) combined fuel economy—the highest rating of any non-plug-in vehicle sold in the US market—and 50 mpg (4.7 l/100 km) for the Niro. (The 58 mpg rating is for the “Blue”, entry-level trim on the hybrid. The two higher trims see their fuel economy drop slightly.) Hybrid Powertrain. The Ioniq hybrid powertrain consists of a new Kappa 1.6 direct-injected Atkinson-cycle four-cylinder engine with a thermal efficiency of 40%, delivering an estimated 105 horsepower (78 kW) and an estimated 109 lb-ft (148 N·m) of torque. This engine is combined with a six-speed double-clutch transmission and new, transmission-mounted electric device (TMED). A 1.56 kWh Li-ion polymer pack from LG Chem provides the energy storage. Total system output is 139 horsepower. Each of the major powertrain elements is new or newly optimized for the hybrid application, and features some firsts. System response is quick as a result of this simple design, Schlingmann said, and easy to control when changing modes from EV to HEV. The engine can be synched with motor speed through a combination of torque demand from the hybrid starter generator as well as engine rpm control (unless the engine has started switching from HEV to EV mode and decoupling and shutting down). Shift control and gear torque balance has increased tunability. The new 6DCT has a measurably higher power transmission than the automatic transmissions used in past systems. Gear shifting is much quicker, with increased system efficiency and regeneration energy capture, mainly because the system is in gear more often than the traditional automatic, Schlingmann said. The Ioniq Hybrid offers three primary operational modes, with a fourth (series mode) for special cases only. Enhancing the car’s fuel efficiency and dynamic driving characteristics, the driver can select either SPORT or ECO modes. The SPORT function holds lower gears longer and combines power from the engine and electric motor for maximum performance. In ECO mode, the DCT optimizes gear selection for efficiency, upshifting earlier to achieve its class-leading fuel economy. Hyundai has improved the synching strategy for engine startup while transitioning from EV to HEV. Previous systems saw an engine rpm overshoot while attempting to synch engine and motor speeds, Schlingmann said. This can result in some additional clutch slippage. For this system, Hyundai minimized rpm overshoot by improving upon past software strategies, moving from a map-based strategy to self-adaptive synch logic. As an example, it rpm overshoot is detected, the software notes this and adapts for the next event. This helps to shorten the synch timing as well as dampen engine startup shock. Additionally, first and second gears are low enough that rpm increases rapidly during launch events, allowing for lower engine speed to motor synching. Plug-in hybrid. Hyundai will later (Q4 2017) introduce a plug-in hybrid version of the Ioniq (and Kia a PHEV version of Niro). These will incorporate a 390V, 8.9 kWh pack with a 45 kW motor, 3.3 kW on board charger and approximately 27 miles (43 km) of electric range. The plug-in hybrid uses the same Kappa 1.6L GDI engine and the 6-speed DCT (albeit integrated with the higher power traction motor. The larger battery pack extends rearward from the rear set, taking some of the storage space from the rear cargo area. Both the Hybrid and Plug-in Hybrid use information and communications technology to improve fuel economy by predicting and minimizing energy for a designated driving route using precise 3D map information. Battery-electric powertrain. The Ioniq Electric features a 28 kWh lithium-ion polymer battery for an estimated driving range of 124 miles. The electric motor has a maximum output of 88 kW (118 horsepower) and 218 lb-ft of torque mated to a single-speed reduction-gear transmission. The battery pack is forced-air-cooled and resistive-heated. The Ioniq Electric has an EPA-estimated 136 MPGe rating, the highest efficiency rating of any electric vehicle sold in the US market. The Ioniq Electric applies a torsion-beam rear axle, providing more space for the 28 kWh lithium-ion polymer batteries, placed below the rear seats and into the cargo area. Braking force is optimized for maximum efficiency from the regenerative braking system, helping Ioniq to maintain a steady state of charge (SOC). Regenerative braking also operates with reduced noise, using a third-generation recuperating stopping system. Regenerative braking force can be adjusted to meet the driver’s preference and driving conditions through steering-column-mounted regenerative brake-level control paddles. An Integrated Brake Assist Unit (iBAU) and Pressure Source Unit (PSU) also contribute to quieter operation. This helps ensure ultra-low friction for maximum energy recuperation and efficiency levels. The Electric Power Control Unit (EPCU) features a highly integrated and high-power-density inverter, which supplies power to the motor and transfors AC to DC current to charge the HV battery system. The Ioniq Electric features Hyundai’s third generation of active hydraulic braking, noted Ryan Miller, Hyundai-Kia America Technical Center, at his presentation at SAE 2017 Hybrid & Electric Vehicle Technologies Symposium. The regenerative braking sub-system is key to the performance of electric vehicles, Miller noted, adding that Hyundai-Kia focused intently on optimizing that system for the Ioniq Electric. The Ioniq EV also features a sophisticated heat pump system that integrates recovered waste heat from the power electronics. At 32 ˚F, the heat pump system can increase range by about 14% compared to a resistive heater, Miller said. Looking at the average power of a driving cycle, use of the heat pump system can result in a 61% reduction of load at 32 ˚F ambient, Miller said. All Ioniq Electric models are equipped with standard Level-3 DC fast-charging capability that can take up to 100 kW. Charging the Ioniq Electric’s lithium-ion polymer battery up to 80 percent only takes approximately 23 minutes using a SAE Combo Level-3 DC, 100 kW fast charger. An integrated In-Cable Control Box (ICCB) also allows drivers to charge their Ioniq using a standard household electric socket. Hyundai is also working with ChargePoint to further enhance the Ioniq Electric ownership experience. Ioniq owners will receive welcome kits, informing them with key information and benefits in the use of the ChargePoint charging network, and ChargePoint access cards that are easy to activate. In addition, owners will have the capability to conveniently locate ChargePoint chargers on their mobile devices using the MyHyundai/Blue Link app. Lightweighting focus. Ioniq sought significant weight reduction targets without compromising fun-to-drive and comfort characteristics. Ioniq uses aluminum in the hood and tailgate, reducing weight by 27 lbs. compared with conventional steel and no measurable disadvantages in noise or vibration. Lightweighting also extended to less obvious areas like the cargo-screen cover. With higher usage of lightweight components and a more compact build, the cargo-screen cover is about 25% lighter than the types used in other Hyundai models. Aerodynamics. The Ioniq sleek silhouette and simple, carefully wrought contours assist the efficient management of airflow around the exterior. Applications such as front wheel air curtains, a rear spoiler and diffuser, side sill moldings, floor undercover and a closed-wheel design all contribute to the car’s high aerodynamic efficiency of 0.24 Cd. Additionally, the Hybrid and Plug-in Hybrid feature a three-stage active air flap (closed; 50% open; 100% open) integrated with the front grille, while a sleek, closed front fascia differentiates the Electric model. The active air flaps take into account engine coolant temperature, vehicle speed and other variables to intelligently control air inflow relative to air drag. Pricing. The entry-level Hybrid (Blue trim)—the most fuel-efficient—carries an MSRP of $22,200. This rises to $23,950 for the SEL trim, and $27,500 for the Limited. The Ioniq Electric starts at $29,500—without any subsidies—and increases to $32,500 for Limited trim. Both hybrid and BEV carry $835 in freight charges. Pricing for the plug-in model will be announced closer to vehicle introduction. The Ioniq Electric costs $7,120 less than the Chevrolet Bolt, which offers 114 miles of extra range. (More on driving comparisons between the two when drive impressions can be released next week.) The Ioniq Electric is also $1,180 less than the 112-mile-range Nissan LEAF.


« Hyundai begins rollout of Ioniq Hybrid, PHEV and EV; most efficient non-plug vehicle, most efficient EV in US; powertrain discussion | Main | Ace Ethanol to install D3MAX cellulosic ethanol pilot plant; “bolt-on” technology » Hyundai has begun the US sales rollout of its Ioniq line of electrified vehicles, which come in hybrid, plug-in hybrid and battery-electric variants. (Earlier post.) At a media preview in Santa Barbara this week, Hyundai executives said the the hybrid will be moving into showrooms shortly, the battery-electric version in April (in California initially), and the plus-in hybrid in Q4. The Ioniq Hybrid boasts the highest fuel economy in the US (up to 58 mpg) for a non-plug-in vehicle and the Ioniq Electric is the industry’s most efficient EV (136 mpge). All three variants were available for media drives this week (drive impressions embargoed until next Monday); the hybrid and EV versions were production cars, the plug-in was still characterized as “prototype.” Nevertheless, technical executives and engineers from Korea and from the Hyundai-Kia America technical center in the US were on hand to provide market and technical background. Furthermore, two engineers from the US technical center gave presentations last week at the SAE 2017 Hybrid & Electric Vehicle Technologies Symposium in San Diego, discussing aspects of the hybrid and battery-electric powertrains, including some of the unique features and Hyundai “firsts” represented in the Ioniq. Market background. Mike O’Brien, Hyundai vice president of corporate and product planning, noted that the “green car market” in the US has declined a bit—about one hundred thousand units since its high in 2013 with 3.8% market share for all electrified vehicles (hybrid, PHEV and BEV). The market has stabilized over the past two years at about 2.87% share for electrified powertrains. Overall, the number of hybrid models on sale in the US has declined (from 47 in 2015 to 31 in 2016), but average sales per model has increased (up to 11,194 in 2016). Plug-in hybrids have seen a steady increase in the number of models, accompanied by a decline in the sales per model, as the demand has not kept up with the new model introductions. For EVs, both the number of models and the sales per model have been increasing steadily year over year. Government policies and regulations will continue to drive the development and adoption of alternative powertrains, O’Brien noted. In addition to the regulatory impetus, a number of megatrends are transforming the automotive marketplace. Among these are the generational shift from Boomers to Millenials, urbanization, the development of connected and autonomous vehicles, and the benefits of electrification. Development background. Hyundai has been developing eco-focused vehicles for some two decades. Its current offerings are electric, hybrid, plug-in hybrid and fuel cell technologies. Hyundai is on its second-generation of Hyundai Sonata and Kia Optima hybrids. (Earlier post.) Customer and reviewer response to these has led Hyundai to the higher volume and more competitive eco segment—e.g., the Hyundai Ioniq and the Kia Nitro, said Dean Schlingmann, Senior Hybrid Powertrain Engineer at Hyundai-Kia America Technical Center, at SAE 2017 Hybrid & Electric Vehicle Technologies Symposium. The Hyundai Ioniq/Kia Nitro platform is designed from ground up to maximize efficiency and minimize compromises that have been seen in the past when trying to hybridize an ICE vehicle. The Ioniq and Niro powertrains are, for all intents and purposes, identical. Design objectives included: The end result for the Ioniq was an up to 58 mpg (4.05 l/100km) combined fuel economy—the highest rating of any non-plug-in vehicle sold in the US market—and 50 mpg (4.7 l/100 km) for the Niro. (The 58 mpg rating is for the “Blue”, entry-level trim on the hybrid. The two higher trims see their fuel economy drop slightly.) Hybrid Powertrain. The Ioniq hybrid powertrain consists of a new Kappa 1.6 direct-injected Atkinson-cycle four-cylinder engine with a thermal efficiency of 40%, delivering an estimated 105 horsepower (78 kW) and an estimated 109 lb-ft (148 N·m) of torque. This engine is combined with a six-speed double-clutch transmission and new, transmission-mounted electric device (TMED). A 1.56 kWh Li-ion polymer pack from LG Chem provides the energy storage. Total system output is 139 horsepower. Each of the major powertrain elements is new or newly optimized for the hybrid application, and features some firsts. System response is quick as a result of this simple design, Schlingmann said, and easy to control when changing modes from EV to HEV. The engine can be synched with motor speed through a combination of torque demand from the hybrid starter generator as well as engine rpm control (unless the engine has started switching from HEV to EV mode and decoupling and shutting down). Shift control and gear torque balance has increased tunability. The new 6DCT has a measurably higher power transmission than the automatic transmissions used in past systems. Gear shifting is much quicker, with increased system efficiency and regeneration energy capture, mainly because the system is in gear more often than the traditional automatic, Schlingmann said. The Ioniq Hybrid offers three primary operational modes, with a fourth (series mode) for special cases only. Enhancing the car’s fuel efficiency and dynamic driving characteristics, the driver can select either SPORT or ECO modes. The SPORT function holds lower gears longer and combines power from the engine and electric motor for maximum performance. In ECO mode, the DCT optimizes gear selection for efficiency, upshifting earlier to achieve its class-leading fuel economy. Hyundai has improved the synching strategy for engine startup while transitioning from EV to HEV. Previous systems saw an engine rpm overshoot while attempting to synch engine and motor speeds, Schlingmann said. This can result in some additional clutch slippage. For this system, Hyundai minimized rpm overshoot by improving upon past software strategies, moving from a map-based strategy to self-adaptive synch logic. As an example, it rpm overshoot is detected, the software notes this and adapts for the next event. This helps to shorten the synch timing as well as dampen engine startup shock. Additionally, first and second gears are low enough that rpm increases rapidly during launch events, allowing for lower engine speed to motor synching. Plug-in hybrid. Hyundai will later (Q4 2017) introduce a plug-in hybrid version of the Ioniq (and Kia a PHEV version of Niro). These will incorporate a 390V, 8.9 kWh pack with a 45 kW motor, 3.3 kW on board charger and approximately 27 miles (43 km) of electric range. The plug-in hybrid uses the same Kappa 1.6L GDI engine and the 6-speed DCT (albeit integrated with the higher power traction motor. The larger battery pack extends rearward from the rear set, taking some of the storage space from the rear cargo area. Both the Hybrid and Plug-in Hybrid use information and communications technology to improve fuel economy by predicting and minimizing energy for a designated driving route using precise 3D map information. Battery-electric powertrain. The Ioniq Electric features a 28 kWh lithium-ion polymer battery for an estimated driving range of 124 miles. The electric motor has a maximum output of 88 kW (118 horsepower) and 218 lb-ft of torque mated to a single-speed reduction-gear transmission. The battery pack is forced-air-cooled and resistive-heated. The Ioniq Electric has an EPA-estimated 136 MPGe rating, the highest efficiency rating of any electric vehicle sold in the US market. The Ioniq Electric applies a torsion-beam rear axle, providing more space for the 28 kWh lithium-ion polymer batteries, placed below the rear seats and into the cargo area. Braking force is optimized for maximum efficiency from the regenerative braking system, helping Ioniq to maintain a steady state of charge (SOC). Regenerative braking also operates with reduced noise, using a third-generation recuperating stopping system. Regenerative braking force can be adjusted to meet the driver’s preference and driving conditions through steering-column-mounted regenerative brake-level control paddles. An Integrated Brake Assist Unit (iBAU) and Pressure Source Unit (PSU) also contribute to quieter operation. This helps ensure ultra-low friction for maximum energy recuperation and efficiency levels. The Electric Power Control Unit (EPCU) features a highly integrated and high-power-density inverter, which supplies power to the motor and transfors AC to DC current to charge the HV battery system. The Ioniq Electric features Hyundai’s third generation of active hydraulic braking, noted Ryan Miller, Hyundai-Kia America Technical Center, at his presentation at SAE 2017 Hybrid & Electric Vehicle Technologies Symposium. The regenerative braking sub-system is key to the performance of electric vehicles, Miller noted, adding that Hyundai-Kia focused intently on optimizing that system for the Ioniq Electric. The Ioniq EV also features a sophisticated heat pump system that integrates recovered waste heat from the power electronics. At 32 ˚F, the heat pump system can increase range by about 14% compared to a resistive heater, Miller said. Looking at the average power of a driving cycle, use of the heat pump system can result in a 61% reduction of load at 32 ˚F ambient, Miller said. All Ioniq Electric models are equipped with standard Level-3 DC fast-charging capability that can take up to 100 kW. Charging the Ioniq Electric’s lithium-ion polymer battery up to 80 percent only takes approximately 23 minutes using a SAE Combo Level-3 DC, 100 kW fast charger. An integrated In-Cable Control Box (ICCB) also allows drivers to charge their Ioniq using a standard household electric socket. Hyundai is also working with ChargePoint to further enhance the Ioniq Electric ownership experience. Ioniq owners will receive welcome kits, informing them with key information and benefits in the use of the ChargePoint charging network, and ChargePoint access cards that are easy to activate. In addition, owners will have the capability to conveniently locate ChargePoint chargers on their mobile devices using the MyHyundai/Blue Link app. Lightweighting focus. Ioniq sought significant weight reduction targets without compromising fun-to-drive and comfort characteristics. Ioniq uses aluminum in the hood and tailgate, reducing weight by 27 lbs. compared with conventional steel and no measurable disadvantages in noise or vibration. Lightweighting also extended to less obvious areas like the cargo-screen cover. With higher usage of lightweight components and a more compact build, the cargo-screen cover is about 25% lighter than the types used in other Hyundai models. Aerodynamics. The Ioniq sleek silhouette and simple, carefully wrought contours assist the efficient management of airflow around the exterior. Applications such as front wheel air curtains, a rear spoiler and diffuser, side sill moldings, floor undercover and a closed-wheel design all contribute to the car’s high aerodynamic efficiency of 0.24 Cd. Additionally, the Hybrid and Plug-in Hybrid feature a three-stage active air flap (closed; 50% open; 100% open) integrated with the front grille, while a sleek, closed front fascia differentiates the Electric model. The active air flaps take into account engine coolant temperature, vehicle speed and other variables to intelligently control air inflow relative to air drag. Pricing. The entry-level Hybrid (Blue trim)—the most fuel-efficient—carries an MSRP of $22,200. This rises to $23,950 for the SEL trim, and $27,500 for the Limited. The Ioniq Electric starts at $29,500—without any subsidies—and increases to $32,500 for Limited trim. Both hybrid and BEV carry $835 in freight charges. Pricing for the plug-in model will be announced closer to vehicle introduction. The Ioniq Electric costs $7,120 less than the Chevrolet Bolt, which offers 114 miles of extra range. (More on driving comparisons between the two when drive impressions can be released next week.) The Ioniq Electric is also $1,180 less than the 112-mile-range Nissan LEAF.


News Article | February 15, 2017
Site: www.prweb.com

Quantum Spatial, Inc., the nation’s largest independent geospatial data firm, will showcase its leadership in use of next-generation sensors to support wide-area programs, such as the U.S. Geological Survey (USGS) 3D Elevation Program (3DEP), topographic-bathymetric (topo-bathy) LiDAR and unmanned aerial vehicles (UAVs) at the International LiDAR Mapping Forum (ILMF) next week. The company’s geospatial professionals will take part in numerous presentations and panel discussions, and will be available for focused discussions and demonstrations in the Quantum Spatial booth. Taking place February 13-15, 2017, at the Hyatt Regency Denver, ILMF is an annual technical conference and exhibition of the latest airborne, terrestrial and water penetrating LiDAR. Experts from all over the world gather at this conference to discuss emerging remote sensing and data collection tools and technologies used for asset management, civil infrastructure, coastal zone mapping, emergency services and disaster response, land and natural resource management, and urban modeling. Performance of the Riegl VQ-880-G LiDAR Sensor in Mapping Coastal Near-Shore Bathymetry – February 15, 9:10 a.m. – Faux will explain how topographic-bathymetric (topo-bathy) LiDAR continues to develop as a unique tool for mapping near-shore and intertidal zones. He will highlight a case study of how Quantum Spatial is deploying the Riegl VQ-880-G – a next-generation topo-bathy LiDAR sensor – to map more than 200 miles of South Carolina coastline for National Oceanic and Atmospheric Administration’s (NOAA) National Geodetic Survey. Faux also will share results of the sensor’s performance in capturing detailed elevation data in coastal near-shore and estuarine environments, as well as lessons learned from deploying the Riegl VQ-880-G for this and similar mapping projects. Utilizing UAV-based LiDAR and Imagery Technology for Coastal and Wetland Applications – February 15, 3:10 p.m. – Faux will join with Matthew Coleman from PrecisionHawk to discuss how Quantum Spatial acquires, processes and delivers high-resolution aerial LiDAR data and multispectral imagery from unmanned aerial systems (UAS) for the NOAA Office for Coastal Management (OCM). They will demonstrate the benefits and difficulties of working with unmanned aerial vehicle (UAV)-based LiDAR for mapping-grade projects. The presentation will address data acquisition using PrecisionHawk’s Lancaster 5 fixed-wing aircraft and In-Flight software for flight planning and management during acquisition, along with automated and semi-automated data processing. Faux also will participate in panel discussions: Making Sensor and System Selections for Bathymetry LiDAR and Topobathy – February 15, 9:30 a.m. – Faux will join speakers from the Joint Airborne LiDAR Bathymetry Technical Center of Expertise and Dewberry Consultants LLC on this panel, where he will provide his insights into this rapidly growing technology to provide critical information for coastal and riverine monitoring and mapping. UAVs – February 15, 3:30 p.m. – Faux, with speakers from Aerial Services, Cognizant and PrecisionHawk, will provide further insight into the practical applications of UAS technologies (e.g., UAS-based LiDAR) with respect to traditional mapping requirements and project considerations. In the exhibit hall, Quantum Spatial (booth 46) will have representatives from its data acquisition, operations and environmental practice teams available to provide demonstrations and discuss attendees’ project-specific requirements. For more information, or to set up a demonstration at the Quantum Spatial booth, email Mike Shillenn at federal(at)quantumspatial.com or call (859) 277-8700. About Quantum Spatial, Inc. Quantum Spatial, Inc., (QSI) the nation’s largest independent geospatial data firm, provides geographic insights to the largest government and corporate organizations that need geospatial intelligence to mitigate risk, plan for growth, better manage resources and advance scientific understanding. A pioneer in advanced mapping technology, QSI’s end-to-end solutions and services deliver the industry’s highest data quality and accuracy, while leveraging the widest array of technologies for analyzing all types of terrains. Customers use the company’s acquisition, processing, analytics and visualization solutions in a range of technical and scientific disciplines – from geology and biology, to hydrology, forestry and civil engineering. Utilities, oil and gas producers, engineering and construction firms, as well as the military and major government agencies, are QSI customers. QSI has multiple offices around the country. For more information visit quantumspatial.com, join us on LinkedIn or follow us on Twitter @QuantumSpatial.


News Article | November 3, 2016
Site: news.europawire.eu

Contribution to climate protection and the transition to renewables, BMBF provides funding of more than €60 million for Carbon2Chem ESSEN, 03-Nov-2016 — /EuropaWire/ — At the thyssenkrupp Steel Europe site in Duisburg the construction of a new Technical Center has begun. The Technical Center will play a key role in the Carbon2Chem development project initiated by thyssenkrupp. The aim of Carbon2Chem is to utilize process gases from steel production – including the CO2 they contain – to manufacture chemicals. A further 16 partners from the areas of basic and applied research and various sectors of industry are involved in the project. The German Federal Ministry of Education and Research (BMBF) is providing funding totalling more than €60 million for Carbon2Chem. The ground-breaking ceremony was performed by Hannelore Kraft, State Premier of North Rhine-Westphalia (NRW), Thomas Rachel, Parliamentary State Secretary to the Federal Ministry of Education and Research, Heinrich Hiesinger, CEO of thyssenkrupp AG, and Andreas Goss, CEO of thyssenkrupp Steel Europe AG. The Technical Center will translate the results of basic research to industrial scale. thyssenkrupp is investing €33.8 million in the building complex, which will cover an area of approx. 2,600 square meters. Added to this are about €10 million from the BMBF funding. Completion is scheduled for spring 2018. Hannelore Kraft: “North Rhine-Westphalia is leading the way in intelligent climate protection. In this, it is important to regard industrial production not as an adversary but rather acknowledge it as part of the solution. We have supported and accompanied the project from the very beginning. There could not be a better location for the technical center than Duisburg. This is climate protection made in NRW. At present, gases from steel production are burnt to produce electricity and heat for the production process. Carbon2Chem puts the gases at the start of a chemical production chain. This is possible because steel mill gases include hydrogen, nitrogen and carbon, the basis for numerous chemical products. “We will show how to make production climate-friendly. Here at the thyssenkrupp Steel Europe AG site we will demonstrate how fertilizers, plastic and fuels can be produced from steel mill gases to reduce CO2 and benefit the environment,” said Thomas Rachel. Heinrich Hiesinger emphasized that Carbon2Chem is a step toward the steel production of the future: “If the project is successful, it will significantly reduce CO2 emissions from steel production. At the same time Carbon2Chem can make an important contribution to stabilizing the power networks.” The energy required for the chemical processes is to come to from renewable sources. Andreas Goss stated that Carbon2Chem will place steel production on a new, sustainable footing. Carbon2Chem’s prospects of success are good because the basic chemical processes and required technologies are largely known. It is already technically possible to convert process gases from steel production into ammonia as a starting product for fertilizers, though not yet cost-efficiently. At least ten years of development work will be needed before Carbon2Chem is ready for industrial-scale use. Carbon2Chem is characterized by broad-based, cross-industrial cooperation. It will create a new network of steel production, electricity generation and chemical production. These sectors play a key role for North Rhine-Westphalia and employ more than 180,000 people in the state. thyssenkrupp is a diversified industrial group with traditional strengths in materials and a growing share of capital goods and services businesses. Around 155,000 employees in nearly 80 countries work with passion and technological know-how to develop high-quality products and intelligent industrial processes and services for sustainable progress. Their skills and commitment are the basis of our success. In fiscal year 2014/2015 thyssenkrupp generated sales of around €43 billion. Together with our customers we develop competitive solutions for the challenges of the future in the areas Mechanical, Plant and Materials. With our engineering expertise we enable our customers to gain an edge in the global market and manufacture innovative products in a cost- and resource-friendly way. For us, technical progress and innovations, allied with the combined strength of the Group, are key factors enabling us to meet current and future customer and market needs, grow on the markets of the future, and generate strong and stable earnings, cash flows and value growth.


« Hyundai unveils Ioniq HEV, PHEV and EV for US market at New York show | Main | Aemetis acquires license from LanzaTech with California exclusive rights for advanced ethanol from biomass including forest and ag wastes » Toyota GAZOO Racing revealed the all-new TS050 HYBRID LMP1 racer—Toyota’s third new car since joining WEC in 2012—for the 2016 World Endurance Championship (WEC) competition. Following an unsuccessful defense of its World Championship titles in 2015, Toyota set itself tough performance targets in order to compete once again at the front of the field, featuring fellow LMP1-Hybrid manufacturers Porsche and Audi. The TS050 HYBRID features a significant change in powertrain concept. A 2.4-liter, twin-turbo, direct injection V6 gasoline engine is combined with an 8MJ hybrid system, both of which are developed by Motor Sport Unit Development Division at Higashi-Fuji Technical Center. The regulations for this season include a reduction in fuel flow and total fuel energy of approximately 7.5%. As motorsport engineers, we want to always increase the performance of the powertrain so it was important to compensate for this reduction with a more efficient, powerful powertrain. We believe a V6, direct injection, twin turbo engine achieves the best balance of power and efficiency considering the current regulations. Combined with our move into the 8MJ class, this will give us significantly improved torque compared to the previous powertrain; this was a key target for the new car. The new powertrain presents some challenges, particularly in terms of weight and cooling, but the team at Higashi-Fuji and Cologne has worked very hard to address these and I am confident we have met the challenge. We face tough opposition, as last year showed, but we are ready and I cannot wait for Silverstone. A new generation turbo engine with direct injection is better suited to the current regulations which limit fuel flow to the engine, and provides opportunity to continue technology and knowledge transfer from the track to road cars. Like Toyota road cars, the front and rear motor-generators recover energy under braking, storing it in a high-powered lithium-ion battery and releasing it as boost for maximum efficiency. The change from super capacitor to battery storage allows the TS050 HYBRID to move up to the more-powerful 8MJ hybrid class. With the engine contributing 368 kW (494 hp) and the hybrid system contributing the same, combined power for the TS050 is 736 kW (987 hp). The TS040 HYBRID was already used as a rolling test bench and contributed to current road cars. With turbo engines increasingly in use on the road, Toyota expects to use the technology and know-how from WEC to make ever-better road cars. The new powertrain concept brings different cooling and packaging demands, including an updated transmission to handle the significant increase in torque delivered by the turbo engine. Combined with a new aerodynamic concept, that means virtually every part on the TS050 HYBRID chassis has been redesigned by Toyota Motorsport GmbH in Cologne, Germany. Powertrain components have played their part too in the improved aerodynamic performance of the TS050 HYBRID—by relocating the front motor-generator unit, better under-floor air flow has been achieved which will contribute to overall performance. Suspension kinematics have also been revised to optimize tire wear. The team has already been busy testing the TS050 HYBRID, striving for performance and reliability, covering over 22,000 km (13,670 miles) with positive results. The next test comes at Paul Ricard on 25-26 March, while the nine-race WEC season kicks off at Silverstone on 17 April. Aside from some principles which have been retained to capitalise on previous years’ development, we have changed every single part. In many areas, like the powertrain and the aerodynamics, the concepts themselves have changed. The aerodynamic concept, and particularly the front face of the car, has changed drastically. We have spent thousands of hours refining this new concept and this time we have done more than incremental changes; we have significantly changed the way we handle the flow structure after the front downforce-generating devices. There has been a significant progress rate in WEC recently so we cannot afford to have any area of the package which is not fully optimized. The TS050 HYBRID has been developed on that basis. We want to be competitive. That is the minimum target we set ourselves—to be back in the game and competitive.


News Article | October 28, 2016
Site: www.prweb.com

SAE 2016 SAE/JSAE 2016 Small Engine Technology Conference & Exhibition offers up-to-date information on the state of technology, safety and sustainability for small engines including the challenges and developments from OEMs, suppliers and academia from around the world. The technical program will be conducted November 15-17 in Charleston, SC and features an opening keynote address from industry leaders, a plenary panel and more than 30 additional sessions. The Tuesday Opening Ceremony and keynote address will take place from 8:30 – 10:00 a.m. on November 15 and will include insights from Jaal B. Ghandhi from University of Wisconsin Madison, Hiroshi Ito from Kawasaki Heavy Industries, Ltd. and Zoran S. Filipi from Clemson-ICAR. In this three-part keynote, these industry experts will address the evolution of the industry. Ghandhi will explore the impact of sustainability considerations on different areas of the small engine industry. Ito will discuss the impact of automatic drive and ICT technology on future of motorcycles. Filipi is a recent addition to the program and will give a vital update on the use of thermal barrier coatings for improved HCCI engine efficiency and operating range from the small engine perspective. The Plenary Panel will be held at 8:30 a.m. on Wednesday, November 16 and will discuss the conference’s theme, Towards Safer and More Sustainable Small Engines and Applications. Moderated by Tony Szczotka of Robert Bosch LLC, the panel will feature Janet Buyer from US Consumer Product Safety Commission, Geoff Liersch from Robert Bosch (Australia) Pty. Ltd and Thomas Wallner from Argonne National Laboratory. In addition to these featured sessions, the SAE/JSAE 2016 Small Engine Technology Conference & Exhibition offers an exciting line-up of special events. The Technical Tour will be held on Monday, November 14 and includes stops at the Robert Bosch NA plant, Boeing South Carolina Final Assembly Tour Balcony and Cummins Technical Center Charleston. The Wednesday Evening Banquet on November 16 at 6:30 PM provides an excellent opportunity to network with industry peers. The banquet has recently been relocated to Cannon Green, an acclaimed farm-to-table restaurant in Charleston. For the most up-to-date information about keynote speakers, plenary panel and other sessions along with information for the exhibition and special events, please visit the SAE/JSAE 2016 Small Engine Technology Conference & Exhibition website at http://www.sae.org/events/setc/. SAE International is a global association committed to being the ultimate knowledge source for the engineering profession. By uniting more than 127,000 engineers and technical experts, we drive knowledge and expertise across a broad spectrum of industries. We act on two priorities: encouraging a lifetime of learning for mobility engineering professionals and setting the standards for industry engineering. We strive for a better world through the work of our philanthropic SAE Foundation, including programs like A World in Motion® and the Collegiate Design Series™.


News Article | February 15, 2017
Site: www.marketwired.com

CALGARY, ALBERTA--(Marketwired - Feb. 9, 2017) - Precision Drilling Corporation (TSX:PD)(NYSE:PDS) - (Canadian dollars except as indicated) - This news release contains "forward-looking information and statements" within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the "Cautionary Statement Regarding Forward-Looking Information and Statements" later in this news release. For the fourth quarter of 2016, we recorded earnings before income taxes, loss on repurchase of unsecured senior notes, finance charges, foreign exchange, impairment of goodwill, impairment of property, plant and equipment, gain on re-measurement of property, plant and equipment and depreciation and amortization (adjusted EBITDA see "Additional GAAP Measures") of $65 million, 42% lower than the fourth quarter of 2015. Our activity for the quarter, as measured by drilling rig utilization days, increased 12% in Canada compared with the fourth quarter of 2015, while the U.S. and international decreased 13% and 10%, respectively. Our adjusted EBITDA as a percentage of revenue was 23% this quarter, compared with 32% in the fourth quarter of 2015. The decrease in adjusted EBITDA as a percent of revenue was mainly due to decreased activity in the U.S. and international and lower spot market pricing. We recorded a net loss this quarter of $31 million, or $0.10 per diluted share, compared with a net loss of $271 million, or $0.93 per diluted share, in the fourth quarter of 2015. In the fourth quarter of 2015 we incurred decommissioning and impairment charges that reduced net earnings by $254 million and net earnings per diluted share by $0.87. Revenue this quarter was $284 million or 18% lower than the fourth quarter of 2015, due to decreased activity in our U.S. and international contract drilling operations along with lower day rates in Canada and the U.S. Revenue from our Contract Drilling Services and Completion and Production Services segments decreased over the comparative prior year period by 17% and 26%, respectively. For the year ended December 31, 2016 the net loss was $156 million, or $0.53 per diluted share, compared with a net loss of $363 million, or $1.24 per diluted share in 2015, while revenue was $951 million, or 39% less than 2015. In 2015 we incurred decommissioning and impairment charges that reduced net earnings by $329 million and net earnings per diluted share by $1.12. Our capital expenditures for 2016 were $203 million, a decrease of $10 million compared with the $213 million capital plan announced in December 2016. The decrease is due to a reduction in actual spend compared with forecast. In addition, we acquired 48 well service rigs and ancillary equipment in a business acquisition for consideration of $12 million and our coil tubing assets. During the quarter we issued US$350 million of 7.75% senior notes due 2023 ("Notes") in a private offering. The Notes are guaranteed on a senior unsecured basis by current and future U.S. and Canadian subsidiaries that also guarantee our revolving credit facility and certain other indebtedness. The net proceeds from the offering, along with cash on hand, were used to redeem all $200 million of our 2019 notes, redeem on a pro rata basis US$250 million of our outstanding 2020 notes and repurchase US$53 million of our 2021 notes. Kevin Neveu, Precision's President and Chief Executive Officer, stated: "The improving customer sentiment we reported in the third quarter gained momentum through the end of the year as stabilized commodity prices and improving industry cash flows continued to drive demand for our services. Today, Precision has 138 rigs drilling or moving; 48 in the U.S. and 90 in Canada. The intentions by both OPEC and non-OPEC producers to implement production quotas should lead to improved market-balancing fundamentals. We expect this stabilized and improving oil price will lead to increased spending for resource development programs, which will be positive for Precision's activity levels and service pricing." "Precision's activity levels are underpinned by strengthening customer demand for our pad walking Super Series rigs, and reflective of our organization's ability to respond, activating over 100 rigs since our trough activity levels in the second quarter of 2016. I am very pleased to report that Precision has managed this rebound with essentially no increase in fixed costs or reactivation charges. This is a significant achievement for Precision and validates our stated 2016 priority; to be positioned for a rebound." "With the increased demand for Precision's Super Series rigs we began to increase customer pricing on a select number of rigs in the third quarter, the majority of spot market rigs in the fourth quarter, and are in the process of implementing price increases across all of the active spot market rigs in our fleet. While recent trends are positive, pricing remains below the level necessary to achieve appropriate returns on our capital base, however we believe execution of our High Performance, High Value competitive strategy will generate attractive returns in an improving market." "In the quarter, we delivered two new-build drilling rigs to Kuwait, earlier than scheduled and on budget and performing very well for our customer. With five rigs operating in Kuwait, we have established appropriate critical mass as well as a strong track record of High Performance, High Value services. We continue to see opportunities for additional work in the region and have been actively discussing new contracts with several customers in the Middle East." "Throughout Precision's history we have been at the forefront of deploying new technologies to advance the efficiency of our customers' drilling programs. We demonstrated this through our deployment of the first Super Single in 1992, deployment of our first Super Triple XY pad walking rig in 2009, and our integrated directional offering in 2011. We expect to continue these efforts in 2017 working with our technology partners to advance the technology on our Super Triple rigs, including automation of several drilling processes and furthering our de-manned directional drilling service where we have recently completed five autonomous jobs across North America. In the coming months, we will deploy this technology to more rigs and we will be hosting customers at our Technical Center in Houston to showcase the technology enhancements we have already deployed to the field," concluded Mr. Neveu. Adjusted EBITDA and funds provided by operations are additional GAAP measures. See "ADDITIONAL GAAP MEASURES". Our portfolio of long-term contracts, a scalable operating cost structure and economies achieved through vertical integration of the supply chain help us manage our business through the industry cycles. Precision's strategic priorities for 2016 were as follows: For the fourth quarter of 2016, the average prices for Henry Hub and AECO natural gas and West Texas Intermediate oil were higher than the 2015 comparable averages. Summary for the three months ended December 31, 2016: Our portfolio of term customer contracts provides a base level of activity and revenue. As of February 8, 2017, for the first quarter of 2017 we had, on average, term contracts for 26 rigs in Canada, 26 in the U.S. and eight internationally. As of February 8, 2017, for 2017 we had, on average, term contracts for 20 rigs in Canada, 21 in the U.S. and eight internationally for a total of 49 compared with a year ago when we had an average of 30 under term contracts for 2017. In Canada, term contracted rigs normally generate 250 utilization days per year because of the seasonal nature of well site access. In most regions in the U.S. and internationally, term contracts normally generate 365 utilization days per year. In the U.S., our average active rig count in the quarter was 39 rigs, down six rigs over the fourth quarter in 2015, but up ten rigs from the third quarter of 2016. We currently have 48 rigs active in the U.S. In Canada, our average active rig count in the quarter was 51 rigs, an increase of six over the fourth quarter in 2015 and an increase of 20 rigs from the third quarter of 2016. We currently have 90 rigs active in Canada. In general, lower oil prices have caused producers to significantly reduce their drilling budgets in 2015 and 2016, decreasing demand for drilling rigs, resulting in pricing pressure on spot market day rates and significantly depressing industry activity levels. Recently, following OPEC's actions to limit production to stabilize oil prices, we have experienced increased demand for our rigs and if current commodity prices continue to improve we expect our customers to enhance their drilling programs supporting further strengthening in rig demand. With improved commodity prices and increasing activity levels we have recently been able to increase pricing on spot market rigs across the majority of our fleet. Should commodity prices continue to improve, we expect sequential improvements in pricing in the U.S. and the Deep Basin in Canada. We expect pricing improvements in the shallower parts of the Canadian market, however, the increases are not expected to be of the same magnitude as other North American markets in which we operate. Internationally, our average active rig count in the quarter was eight rigs, down one rig over the fourth quarter in 2015 but up one rig from the third quarter of 2016. We currently have eight rigs active internationally. In Kuwait, two new-build rigs began working in the fourth quarter of 2016. In 2017, drilling activity has increased relative to this time last year for both Canada and the U.S. According to industry sources, as of February 3, 2017, the U.S. active land drilling rig count was up approximately 30% from the same point last year and the Canadian active land drilling rig count was up approximately 42%. In Canada there has been strength in natural gas and gas liquids drilling activity related to deep basin drilling in northwestern Alberta and northeastern British Columbia while the trend towards oil-directed drilling in the U.S. continues. In 2016, approximately 48% of the Canadian industry's active rigs and 80% of the U.S. industry's active rigs were drilling for oil targets, compared with 45% for Canada and 77% for the U.S. at the same time last year. We expect Tier 1 rigs to remain the preferred rigs of customers globally. The economic value created by the significant drilling and mobility efficiencies delivered by the most advanced XY pad walking rigs have been highlighted and widely accepted by our customers during this downturn. The trend to longer-reach horizontal completions and the importance of the rig delivering these complex wells consistently and efficiently has been well established by the industry. We expect that demand for leading edge high efficiency Tier 1 rigs will continue to strengthen, as the drilling rig capability has been a key economic facilitator of horizontal/unconventional resource exploitation. Development and field application of drilling equipment process automation coupled with closed loop drilling controls and de-manning of the rigs will continue this technical evolution while creating further cost efficiencies and performance value for customers while further differentiating the specific capabilities of the leading edge Tier 1 rigs and those rig contractors capable of widely deploying those technologies. Capital spending in 2017 is expected to be $108 million. The 2017 capital expenditure plan includes $4 million for expansion capital, $52 million for sustaining and infrastructure expenditures, and $52 million to upgrade existing rigs. We expect that the $108 million will be split $102 million in the Contract Drilling segment and $6 million in the Completion and Production Services segment. Precision's operations are reported in two segments: the Contract Drilling Services segment, which includes the drilling rig, directional drilling, oilfield supply and manufacturing divisions; and the Completion and Production Services segment, which includes the service rig, snubbing, rental, camp and catering and wastewater treatment divisions. Revenue from Contract Drilling Services was $255 million this quarter, or 17% lower than the fourth quarter of 2015, while adjusted EBITDA decreased by 34% to $86 million. The decreases were mainly due to lower drilling rig utilization days in our U.S. and international contract drilling businesses along with a decrease in average day rates in our Canadian and U.S. contract drilling businesses. Drilling rig utilization days in Canada (drilling days plus move days) were 4,672 during the fourth quarter of 2016, an increase of 12% compared with 2015 primarily due to the increase in industry activity resulting from higher commodity prices. Drilling rig utilization days in the U.S. were 3,570 or 13% lower than the same quarter of 2015 as our U.S. activity was down as improved commodity prices have not yet returned industry activity to prior year levels. Drilling rig utilization days in our international business were 742 or 10% lower than the same quarter of 2015 due to lower activity in Mexico partially offset by the addition of two rigs in Kuwait during the current quarter. Compared with the same quarter in 2015, drilling rig revenue per utilization day was down 22% in Canada due to the decline of spot market rates as the drop in industry activity has led to a more competitive pricing environment. Drilling rig revenue per utilization day for the quarter in the U.S. was down 15% from the prior comparative period, while international revenue per day was up 13%. The decrease in the U.S. average rate was due to lower spot market rates and lower relative idle but contracted revenue. International revenue per day was up due to rig mix with a higher proportion of days from Kuwait during the quarter and lower activity in Mexico. In Canada, 35% of utilization days in the quarter were generated from rigs under term contract, compared with 53% in the fourth quarter of 2015. In the U.S., 56% of utilization days were generated from rigs under term contract as compared with 64% in the fourth quarter of 2015. At the end of the quarter, we had 27 drilling rigs under contract in Canada, 25 in the U.S. and eight internationally. Operating costs were 63% of revenue for the quarter, which was ten percentage points higher than the prior year period. On a per utilization day basis, operating costs for the drilling rig division in Canada were lower than the prior year period primarily because of 2015 rig move costs and the impact of fixed costs on higher activity. In the U.S., operating costs for the quarter on a per day basis were higher than the prior year primarily due to the impact of fixed costs spread over lower activity. Both Canada and U.S. operating costs benefited from cost saving initiatives taken in 2015 and 2016. General and administrative costs are lower than the prior year by $2 million due to cost saving initiatives taken throughout 2015 and 2016. Depreciation expense in the quarter was 20% lower than in the fourth quarter of 2015 because of a lower asset base after decommissioning equipment and the recording of an impairment charge to our property, plant and equipment in the fourth quarter of 2015 partially offset by new-build rigs deployed in 2015 and 2016. Revenue from Completion and Production Services was down $11 million or 26% compared with the fourth quarter of 2015 due to lower activity levels in all service lines, except our rentals business, and lower average rates. In response to lower oil prices, customers curtailed spending and activity including well completion and production programs through the majority of 2016. Our well servicing activity in the quarter was down 9% from the fourth quarter of 2015. Approximately 78% of our fourth quarter Canadian service rig activity was oil related. During the quarter, Completion and Production Services generated 88% of its revenue from Canadian and 12% from U.S. operations compared the fourth quarter of 2015 of 87% from Canada and 13% from U.S. operations. Average service rig revenue per operating hour in the quarter was $629 or $131 lower than the fourth quarter of 2015. The decrease was primarily the result of industry pricing pressure. Adjusted EBITDA was $1 million higher than the fourth quarter of 2015 as cost cutting initiatives have reduced the cost structure partially offset by lower activity and rates. Operating costs as a percentage of revenue increased to 93% in the fourth quarter of 2016, from 90% in the fourth quarter of 2015. The increase is the result of lower revenue from pricing pressure and the impact of fixed costs spread across lower activity levels. Depreciation in the quarter was 40% higher than the fourth quarter of 2015 because of a change in estimate on the salvage value in our rentals division. The gain in re-measurement of property, plant and equipment relates to the acquisition of 48 well service rigs and ancillary equipment in exchange for $12 million cash and our coil tubing assets. The total fair value of the assets acquired and consideration provided was $28 million. The book value of our coil tubing assets was $8 million and, we recorded a gain on re-measuring these assets of $8 million. SEGMENT REVIEW OF CORPORATE AND OTHER Our Corporate and Other segment provides support functions to our operating segments. The Corporate and Other segment had an adjusted EBITDA loss of $22 million for the fourth quarter of 2016, $2 million higher than the prior year period as higher share based incentive compensation was partially offset by cost saving initiatives and restructuring costs incurred in the prior year. Net finance charges were $42 million, $8 million higher than the fourth quarter of 2015 due to the early recognition of debt issue costs from the current quarter redemption of long-term debt and additional interest expense from the refinancing overlap period in the quarter partially offset by a reduction in interest expense related to debt retired during the year. During the quarter we redeemed all $200 million of our 6.5% unsecured senior notes due 2019, redeemed on a pro rata basis US$250 million face value of our 6.625% unsecured senior notes due 2020 and repurchased and cancelled US$53 million face value of our 6.5% unsecured senior notes due 2021, incurring a net loss of $10 million. Income tax expense for the quarter was a recovery of $51 million compared with a recovery of $146 million in the same quarter in 2015. Income tax expense is recognized by applying the income tax rate expected for the full financial year to the pre-tax income of the interim reporting period with adjustments for transactions specific to the quarter. The reduction in the income tax recovery over the prior year period is primarily because of the impact of the 2015 loss on asset decommissioning and impairment charges. The oilfield services business is inherently cyclical in nature. To manage this, we focus on maintaining a strong balance sheet in order to have the financial flexibility we need to continue to manage our growth and cash flow throughout the business cycle. We apply a disciplined approach to managing and tracking results of our operations to keep costs down. We maintain a variable cost structure so we can respond to changes in demand. Our maintenance capital expenditures are tightly governed by and highly responsive to activity levels with additional cost savings leverage provided through our internal manufacturing and supply divisions. Long-term contracts on expansion capital for new-build rig programs provide more certainty of future revenues and return on our capital investments. Subsequent to year end we agreed with our lending group to the following amendments to our senior credit facility: In addition in April, 2016 we agreed with our lending group to the following amendments to our senior credit facility: During the year we have repurchased and cancelled US$28 million face value of our 6.625% unsecured senior notes due 2020 and US$81 million face value of our 6.5% unsecured senior notes due 2021 for a total of $135 million, realizing a total gain on repurchase of $10 million. On November 4, 2016, we issued US$350 million of 7.75% unsecured senior notes due in 2023 in a private offering. The Notes are guaranteed on a senior unsecured basis by current and future U.S. and Canadian subsidiaries that also guarantee our senior credit facility and certain other indebtedness. The Notes were issued to redeem and repurchase existing debt. On December 4, 2016 we redeemed in full our $200 million 6.5% unsecured senior notes due 2019 for $203 million plus accrued and unpaid interest and redeemed on a pro rata basis US$250 million of our then outstanding 6.625% unsecured senior notes due 2020 for US$256 million plus accrued and unpaid interest. Our total loss on redemption of unsecured senior notes was $10 million. As at December 31, 2016 we had $1,934 million outstanding under our unsecured senior notes. The current blended cash interest cost of our debt is approximately 6.5%. The senior credit facility requires that we comply with certain financial covenants including a leverage ratio of consolidated senior debt to earnings before interest, taxes, depreciation and amortization as defined in the agreement (Adjusted EBITDA) of less than 2.5:1. For purposes of calculating the leverage ratio consolidated senior debt only includes secured indebtedness. Adjusted EBITDA, as defined in our revolving term facility agreement differs from Adjusted EBITDA as defined under Additional GAAP Measures by the exclusion of bad debt expense, restructuring costs and certain foreign exchange amounts. As at December 31, 2016 our consolidated senior debt to Adjusted EBITDA ratio was negative 0.02:1. Effective January 20, 2017, under the senior credit facility, we are required to maintain an Adjusted EBITDA coverage ratio, calculated as Adjusted EBITDA to interest expense for the most recent four consecutive quarters, of greater than 1.25:1 for the periods ending March 31, June 30 and September 30, 2017. For the periods ending December 31, 2017 and March 31, 2018 the ratio is 1.5:1 reverting to 2.5:1 thereafter. As at December 31, 2016 our senior credit facility Adjusted EBITDA coverage ratio was 1.69:1. The senior credit facility also prevents us from making distributions prior to April 1, 2018 and restricts our ability to repurchase our unsecured senior notes subject to a pro forma liquidity test of US$500 million. In addition, the senior credit facility contains certain covenants that place restrictions on our ability to incur or assume additional indebtedness; dispose of assets; pay dividends, undertake share redemptions or other distributions; change our primary business; incur liens on assets; engage in transactions with affiliates; enter into mergers, consolidations or amalgamations; and enter into speculative swap agreements. At December 31, 2016, we were in compliance with the covenants of the senior credit facility. The senior notes require that we comply with certain financial covenants including an incurrence based test of Adjusted EBITDA, as defined in the senior note agreements, to interest coverage ratio of greater than 2.0:1 for the most recent four consecutive fiscal quarters. In the event that our Adjusted EBITDA to interest coverage ratio is less than 2.0:1 for the most recent four consecutive fiscal quarters the senior notes restrict our ability to incur additional indebtedness. As at December 31, 2016, our senior notes Adjusted EBITDA to interest coverage ratio was 1.58:1 which limits our ability to incur additional indebtedness, except as permitted under the agreements, until such time as we are in compliance with the ratio test but would not restrict our access to available funds under the senior credit facility or refinance our existing debt. Furthermore, it does not give rise to any cross-covenant violations, give the lenders the right to demand repayment of any outstanding portion of the senior notes prior to the stated maturity dates, or provide any other forms of recourse to the lenders. The senior notes contain a restricted payments covenant that limits our ability to make payments in the nature of dividends, distributions and repurchases from shareholders. This restricted payment basket grows by, among other things, 50% of consolidated net earnings and decreases by 100% of consolidated net losses as defined in the note agreements, and payments made to shareholders. As at December 31, 2015 our restricted payments basket was negative and as of that date we were no longer able to declare and make dividend payments until such time as the basket once again becomes positive. For further information, please see the senior note indentures which are available on SEDAR and EDGAR. In addition, the senior notes contain certain covenants that limit our ability, and the ability of certain subsidiaries, to incur additional indebtedness and issue preferred shares; create liens; create or permit to exist restrictions on our ability or certain subsidiaries to make certain payments and distributions; engage in amalgamations, mergers or consolidations; make certain dispositions and engage in transactions with affiliates. We utilize foreign currency long-term debt to hedge our exposure to changes in the carrying values of our net investment in certain foreign operations as a result of changes in foreign exchange rates. We have designated our U.S. dollar denominated long-term debt as a net investment hedge in our U.S. operations and other foreign operations that have a U.S. dollar functional currency. To be accounted for as a hedge, the foreign currency denominated long-term debt must be designated and documented as such and must be effective at inception and on an ongoing basis. We recognize the effective amount of this hedge (net of tax) in other comprehensive income. We recognize ineffective amounts (if any) in earnings. The following table reconciles the weighted average shares outstanding used in computing basic and diluted earnings per share: We reference Generally Accepted Accounting Principles (GAAP) measures that are not defined terms under International Financial Reporting Standards to assess performance because we believe they provide useful supplemental information to investors. We believe that adjusted EBITDA (earnings before income taxes, loss on repurchase of unsecured senior notes, financing charges, foreign exchange, impairment of goodwill, impairment of property, plant and equipment, loss on asset decommissioning, gain on re-measurement of property, plant and equipment and depreciation and amortization) as reported in the Consolidated Statement of Loss is a useful measure, because it gives an indication of the results from our principal business activities prior to consideration of how our activities are financed and the impact of foreign exchange, taxation and non-cash depreciation and amortization charges. We believe that operating loss, as reported in the Consolidated Statements of Loss, is a useful measure because it provides an indication of the results of our principal business activities before consideration of how those activities are financed and the impact of foreign exchange and taxation. Funds Provided By (Used In) Operations We believe that funds provided by (used in) operations, as reported in the Consolidated Statements of Cash Flow is a useful measure because it provides an indication of the funds our principal business activities generate prior to consideration of working capital, which is primarily made up of highly liquid balances. Certain statements contained in this report, including statements that contain words such as "could", "should", "can", "anticipate", "estimate", "intend", "plan", "expect", "believe", "will", "may", "continue", "project", "potential" and similar expressions and statements relating to matters that are not historical facts constitute "forward-looking information" within the meaning of applicable Canadian securities legislation and "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 (collectively, "forward-looking information and statements"). In particular, forward looking information and statements include, but are not limited to, the following: These forward-looking information and statements are based on certain assumptions and analysis made by Precision in light of our experience and our perception of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances. These include, among other things: Undue reliance should not be placed on forward-looking information and statements. Whether actual results, performance or achievements will conform to our expectations and predictions is subject to a number of known and unknown risks and uncertainties which could cause actual results to differ materially from our expectations. Such risks and uncertainties include, but are not limited to: Readers are cautioned that the forgoing list of risk factors is not exhaustive. Additional information on these and other factors that could affect our business, operations or financial results are included in reports on file with applicable securities regulatory authorities, including but not limited to Precision's Annual Information Form for the year ended December 31, 2015, which may be accessed on Precision's SEDAR profile at www.sedar.com or under Precision's EDGAR profile at www.sec.gov. The forward-looking information and statements contained in this news release are made as of the date hereof and Precision undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a results of new information, future events or otherwise, except as required by law. Precision Drilling Corporation has scheduled a conference call and webcast to begin promptly at 12:00 p.m. MT (2:00 p.m. ET) on Thursday, February 9, 2017. The conference call dial in numbers are 1-844-515-9176 or 614-999-9312. A live webcast of the conference call will be accessible on Precision's website at www.precisiondrilling.com by selecting "Investor Centre", then "Webcasts and Presentations". An archived version of the webcast will be available for approximately 60 days. An archived recording of the conference call will be available approximately one hour after the completion of the call until February 11, 2017 by dialing 855-859-2056 or 404-537-3406, passcode 57747163. Precision is a leading provider of safe and High Performance, High Value services to the oil and gas industry. Precision provides customers with access to an extensive fleet of contract drilling rigs, directional drilling services, well service and snubbing rigs, camps, rental equipment, and wastewater treatment units backed by a comprehensive mix of technical support services and skilled, experienced personnel. Precision is headquartered in Calgary, Alberta, Canada. Precision is listed on the Toronto Stock Exchange under the trading symbol "PD" and on the New York Stock Exchange under the trading symbol "PDS".

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