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Box Pure Air, LLC Secures Initial and Repeat School Purchase Orders as Indoor Air Quality Demands Attention Becoming Focal Point in Health, Returning to School, Work and Daily Life

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PHOENIX, July 21, 2021 /PRNewswire/ — SinglePoint Inc. (OTC: SING) today announced its majority owned subsidiary, Box Pure Air, LLC, has secured additional purchase orders as global demand for improved indoor air quality at work, at school, at home and at the places we gather continues to increase.

There continues to be a growing need for better ventilation indoors, and the need for effective plug and play solutions like the portable, certified HEPA air purification units provided by Box Pure Air. Box Pure Air has made sales in multiple verticals including salons, restaurants and schools. Portable air purifiers are being utilized to remove particles and pathogens on a room-by-room basis. The company’s initial focus was responding to school RFP’s and RFQ’s, with an aggregated total of over $50M dollars, as billions of dollars have been set aside by the federal government to improve ventilation and indoor air quality. Some of the funding has started to be released providing school superintendents, administrators and facility managers needed financial resources that can assist in preparation for the upcoming school year. Box Pure Air is experiencing increased business development activity and early stage purchase orders from schools as detailed in this press release.

Everyone deserves to breathe clean air. Schools are preparing to return to a more normal schedule, and we are committed to providing plug and play, industrial and commercial grade air purification units that assist in creating a safer environment by increasing air exchanges and filtering out harmful particulates. Clean air and safe air zones have always been essential, but recent events and studies have reinforced the importance of clean air as we spend a majority of our time inside. With variants on the rise, it has been a rush to ensure everyone is doing what they can to return safely. In a recent Podcast published July 15, 2021, Joseph Allen, an associate professor of exposure assessment science at Harvard University stated the following: “This is an airborne virus, it is spread through the air. Almost every single case of transmission that has happened, has been time indoors in low under ventilated locations.” Through the American Rescue Plan schools have been awarded nearly $200 Billion to ensure schools can properly assess and ensure requirements are being met. Box Pure Air delivers plug and play units that will provide immediate relief to school as a whole or simply for problem areas or “hot” spots.

“The average person spends 90% of their time indoors. Ventilation has largely been ignored until recently. In fact, it has been shut down in an effort to improve efficiencies of homes and buildings which has resulted in the opposite effect and created “sick” buildings. We are committed to finding solutions that help improve and sustain the places we spend all of our time. Our mission to improve our environments and the quality of life for those people we serve drives our team daily. We will continue to execute our mission throughout 2021 and beyond,” Wil Ralston CEO.

Mr. Ralston goes on to say, “This is just the beginning of what we are working to accomplish. Our team has made significant progress over the last couple quarters much of which has yet to reflect itself into the share price. However, these fundamental improvements are the foundation of building a long-term viable business and have recently resulted in raising the most accretive capital to date in just a simple long term note with interest. We still have a lot of work to do and the recent purchase orders albeit just initial orders are evidence we are on the right track.”

Schools are just the beginning of the planned roll out. Air Quality is fundamental to overall health. As more research is published the data shows, poor air quality can lead to inflammation in the lungs and contribute to overall health concerns especially in those with underlying conditions. While good air quality leads to more productivity, better performance and overall general health.

About SinglePoint Inc.
SinglePoint Inc. is a renewable energy and sustainable lifestyle company focused on providing environmentally friendly energy efficiencies and healthy living solutions. SinglePoint is initially focused on building the largest network of renewable energy solutions and modernizing the traditional solar and energy storage model. The Company is also actively exploring future growth opportunities in air purification, electric vehicle charging, solar as a subscription service, and additional energy efficiencies and appliances that enhance sustainability and a healthier life. For more information, visit the Company’s website (www.singlepoint.com) and connect on LinkedIn and Twitter.

Forward-Looking Statements
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934 and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential plans and objectives of the Company, the use of proceed, anticipated growth and future expansion, are forward-looking statements that involve risks and uncertainties.

There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.

Investor Contact: 
JTC Team, LLC
Jenene Thomas
833-475-8247
[email protected] 

SOURCE SinglePoint Inc.

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Source: https://www.prnewswire.com:443/news-releases/box-pure-air-llc-secures-initial-and-repeat-school-purchase-orders-as-indoor-air-quality-demands-attention-becoming-focal-point-in-health-returning-to-school-work-and-daily-life-301338599.html

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Zoomlion bate otro récord en la fabricación de alta gama y exporta la grúa sobre orugas de mayor tonelaje de China

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El modelo ZCC32000 de 2.000 toneladas es un producto para todo tipo de condiciones, que cuenta con un momento de carga máximo de 32.000 toneladas-metro, una altura máxima de pluma de 168 metros, y que ha adoptado un diseño modular de doble pluma superancha. Puede adaptarse a una variedad de condiciones complejas de elevación con un mejor rendimiento del 10 al 20 por ciento en comparación con productos de la misma categoría. El modelo puede alternar entre la operación con un solo motor o con dos motores según las necesidades de elevación del usuario, seleccionando ya sea bajo consumo de combustible u operación con potencia reforzada. El sistema es altamente seguro, y puede lograr un desmontaje y ensamble eficientes.

“Las grúas sobre orugas de Zoomlion han mostrado un buen desempeño en la construcción, con equipos de alta eficiencia, excelente seguridad, estabilidad y confiabilidad, lo que demuestra que la calidad de la fabricación china es confiable”, afirmó el socio de Zoomlion en Turquía.

El producto se utilizará en un proyecto de una central nuclear antes de llevar a cabo otras tareas de elevación en proyectos de energía eólica y petroquímica en Europa.

Esta exportación de la grúa ZCC32000 constituye la tercera vez en que Zoomlion bate el récord de exportación de grúas de alto tonelaje desde China. Los récords anteriores fueron establecidos por las grúas sobre orugas ZCC9800W y ZCC12500, exportadas a Turquía en septiembre de 2020 y junio de 2021, respectivamente. Batir récords tres veces en un año mostró las fortalezas tecnológicas, la calidad de los productos y el atractivo de la marca de las grúas de Zoomlion, que izaron la nueva bandera de “fabricación de alta gama en China” en el escenario mundial.

“La razón principal tras los continuos avances de Zoomlion en los récords de exportación de grúas consiste en que hemos logrado avances sostenidos en el desarrollo de la tecnología central, que ha sido reconocida en el mercado internacional”, señaló Luo Kai, vicepresidente de Zoomlion y gerente general del área de ingeniería de grúas de Zoomlion.

En el primer semestre de 2021, los ingresos de Zoomlion en el extranjero aumentaron en más del 52,28 %, de los cuales destaca el gran crecimiento de las utilidades de las grúas, cuyas ventas se incrementaron en un 60,8 % interanual entre enero y agosto. El volumen de ventas de los camiones grúa de Zoomlion de 30 toneladas o más ocupó el primer lugar en la industria, y tiene la mayor participación en el mercado de grúas sobre orugas de China.

Fotografía: https://mma.prnewswire.com/media/1628549/image1.jpg

FUENTE Zoomlion

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SOURCE Zoomlion

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Source: https://www.prnewswire.com:443/news-releases/zoomlion-bate-otro-record-en-la-fabricacion-de-alta-gama-y-exporta-la-grua-sobre-orugas-de-mayor-tonelaje-de-china-849002708.html

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Zoomlion quebra mais um recorde de fabricação de alto padrão e exporta o maior guindaste sobre esteiras de tonelagem da China

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O ZCC32000 de duas mil toneladas é um produto para todas as condições, com momento máximo de carga de 32 mil toneladas por metro e altura máxima da lança chegando a 168 metros, e com a adoção de um design modular de lança dupla superlarga. Ele pode se adaptar a uma variedade de condições complexas de içamento com melhor desempenho de elevação de 10 a 20% em comparação com os produtos da mesma classe. O modelo pode alternar entre operação monomotor ou bimotor de acordo com as necessidades de içamento do usuário, selecionando baixo consumo de combustível ou operação de potência reforçada. O sistema é altamente seguro e protegido e pode oferecer montagem e desmontagem eficientes.

“Os guindastes sobre esteiras da Zoomlion tiveram um bom desempenho na construção com alta eficiência, excelente segurança do equipamento, estabilidade e confiabilidade, provando que a qualidade da fabricação chinesa é confiável e fidedigna”, declarou o parceiro da Zoomlion na Turquia.

O produto será utilizado em um projeto de usina de energia nuclear antes de realizar outras tarefas de captação de energia eólica e petroquímica na Europa.

A exportação do ZCC32000 representa a terceira vez que a Zoomlion quebra o recorde de maior guindaste de tonelagem exportado pela China. Os recordes anteriores foram estabelecidos pelos guindastes sobre esteiras ZCC9800W e ZC12500 exportados para a Turquia em setembro de 2020 e junho de 2021, respectivamente. A terceira quebra de recorde em um ano demonstrou os pontos fortes da tecnologia, a qualidade do produto e o apelo da marca dos guindastes da Zoomlion, hasteando a nova bandeira de “manufatura de ponta na China” no cenário global.

“A principal razão por trás dos avanços contínuos da Zoomlion nos recordes de exportação de guindastes é que alcançamos avanços persistentes no desenvolvimento da tecnologia central, o que foi reconhecido no mercado internacional”, disse Luo Kai, vice-presidente da Zoomlion e gerente geral do ramo de guindastes para engenharia da Zoomlion.

Na primeira metade de 2021, a receita da Zoomlion no exterior aumentou em mais de 52,28%, sendo que os produtos de guindastes cresceram fortemente, com um aumento de 60,8% das vendas de janeiro a agosto em relação ao ano anterior. O volume de vendas de guindastes de caminhão de 30 toneladas e acima da Zoomlion foi classificado em primeiro lugar no setor e conta com a maior participação de mercado de guindastes sobre esteiras da China.

Foto – https://mma.prnewswire.com/media/1628685/image1.jpg

FONTE Zoomlion

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SOURCE Zoomlion

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Source: https://www.prnewswire.com:443/news-releases/zoomlion-quebra-mais-um-recorde-de-fabricacao-de-alto-padrao-e-exporta-o-maior-guindaste-sobre-esteiras-de-tonelagem-da-china-852105595.html

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Energy

El camino hacia el mejor LCOE (IV)

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Los resultados del studio muestran que la nueva generación de módulos de 210 mm (G12) y 182 mm (M10) rinde mejor que los módulos convencionales de 166 mm (M6) tanto en CAPEX como en LCOE, G12 rinde mejor que M10 y M10 rinde mejor que M6. El CAPEX de los módulos Vertex G12 670W es un 4,2% inferior al de los módulos M10 540W, y el LCOE es un 4,1% inferior a estos últimos. El LCOE del Vertex G12 670W es un 4,5% inferior al de los módulos M10 585W, y es hasta un 7,4% inferior al de los módulos M6 455W.

Resultados: 

1.  Los módulos Vertex G12 tienen el mejor CAPEX y LCOE. En comparación con los módulos M10, los módulos G12 de 600 W y 670 W funcionan especialmente bien, reduciendo el CAPEX hasta 1,5-2 €cWp y el LCOE hasta un 3-4,5%. En comparación con los módulos M6, el LCOE podría reducirse entre un 6,5% y un 7,4%.

2.  Debido a los ahorros en el sistema de montaje de inclinación fija, los módulos G12 de 600W y 670W poseen un ahorro de alrededor 0,5~1€c/Wp o un 11% en comparación con la serie M10.

3.  Gracias al innovador diseño de baja tensión y alta potencia, los módulos de 210 mm de 550 W, 600 W y 670 W tienen un ahorro de los costes de los sistemas eléctricos, que llega a ser de aproximadamente el 14,1~21,4% en comparación con la serie M6.

4.  Los menores costes de transporte explican el mayor rendimiento de los módulos G12 de 600 W y 670 W. Dentro del mismo contenedor de 40 pies, la potencia de los módulos G12 600W y 670W que se pueden cargar puede aumentar aproximadamente un 12%.

En la era de la paridad de red, los avanzados módulos de la serie Vertex de 210 mm tienen una destacada ventaja en el coste nivelado de la energía (LCOE).

Sitio de evaluación: Alemania

Método de instalación: Bastidores fijos (apaisados)

Inversor: inversor de cadena

Potencia del módulo [W]

455

540

550

590

605

665

Tipo de célula

M6

M10

G12

M10

G12

G12

Tamaño Módulo [mm]

2102 x 1040

2256 x 1133

2384 x 1096

2411 x 1134

2172 x 1303

2384 x 1303








Inversor

SUN2000-215KTL-H0 / SUN2000-215KTL-H3

Módulos/Cadena

28

28

37

26

34

31

Cadenas/Inversor

19

16

12

16

12

12

Potencia cadena [kW]

12,74

15,12

20,35

15,34

20,57

20,62








DC/AC Ratio

1,14

1,13

1,15

1,14

1,15

1,15

Paso [m]

6,03

6,56

6,35

6,56

7,53

7,53

Inclinación [°]

20°

Ángulo de sombreado [°]

35°

GCR

54,8%








Capacidad CC [kW]

9.924

9.919

10.012

10.063

10.120

10.143

Capacidad CA [kW]

8,815

Número Módulos

21.812

18.368

18.204

17.056

16.728

15.252

Número Inversores

41









Figura IV: Parámetros de evaluación

Haga clic para descargar el PPT de Fraunhofer ISE sobre los test de los módulos de Vertex:

https://pages.trinasolar.com/GLB-PV-tech.html

Tres rondas de evaluación de la serie Vertex de Trina Solar por parte de DNV GL, una de las principales organizaciones internacionales de terceros.

The Way to Best LCOE (I)

https://mgr.trinasolar.com/en-glb/resources/newsroom/mathe-way-best-lcoe-i-%E2%80%93-system-value-assessment-trina-600w-vertex-bifacial-dual

The Way to Best LCOE (II)

https://mgr.trinasolar.com/en-glb/resources/newsroom/mathe-way-best-lcoe-ii

The Way to Best LCOE (III)

https://mgr.trinasolar.com/en-glb/resources/newsroom/mabos-costs-reduced-63-dnv-gl-report-trina-solar-vertex-210mm-modules%E2%80%99-advantages

Para más información, contacte con los representantes de ventas locales de Trina Solar. O envíe un e-mail a: [email protected] 

Foto – https://mma.prnewswire.com/media/1627638/1.jpg
Foto – https://mma.prnewswire.com/media/1627643/2.jpg
Foto – https://mma.prnewswire.com/media/1627373/3.jpg

SOURCE Trina Solar Co., Ltd

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Source: https://www.prnewswire.com:443/news-releases/el-camino-hacia-el-mejor-lcoe-iv–857343313.html

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Energy

Regal Beloit And Rexnord Announce Details For Anticipated Completion Of Combination Of Regal And Rexnord’s PMC Business

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BELOIT, Wis. and MILWAUKEE, Sept. 17, 2021 /PRNewswire/ — Regal Beloit Corporation (NYSE: RBC) and Rexnord Corporation (NYSE: RXN) today announced additional details regarding the anticipated completion of the combination of Regal and the Process & Motion Control (“PMC”) Business of Rexnord.  Under the terms of the transaction, Rexnord will spin-off the PMC Business by way of a pro rata dividend (the “Spin-Off Dividend”) of all of the outstanding common stock of Rexnord’s wholly owned subsidiary, Land Newco, Inc. (“Land”), the owner of the PMC Business, to Rexnord stockholders as of the record date for the dividend. Immediately following the spin-off Regal will acquire Land in a stock-for-stock merger pursuant to which Land will become a wholly-owned subsidiary of Regal. Former holders of Land common stock will receive a fraction of a share of Regal common stock for each share of Land common stock they owned immediately prior to the merger.  In connection with the transaction, Regal is expected to pay a cash dividend (the “Regal Special Cash Dividend”) to its shareholders who held Regal common stock on the record date for such Regal Special Cash Dividend. The record date will be prior to the merger with a payment date following the merger. 

Immediately following completion of the transaction, (a) Rexnord stockholders will continue to own their shares of Rexnord common stock and will also own a number of shares of Regal common stock equal to the number of shares of Land they received in the Spin-Off Dividend multiplied by the exchange ratio for the merger and (b) Regal shareholders will continue to own their shares of Regal common stock and will receive cash in an amount equal to the per share amount of the Regal Special Cash Dividend multiplied by the number of shares of Regal common stock they owned as of the record date for the Regal Special Cash Dividend.  The exact amount of the exchange ratio for the merger and the amount of the Regal Special Cash Dividend will be determined closer to the closing date.  For additional information about the calculation of the exchange ratio and the amount of the Regal Special Cash Dividend, see the joint proxy statement/prospectus-information statement dated July 21, 2021 of the companies filed with the U.S. Securities and Exchange Commission (the “SEC”) and the Current Reports on Form 8-K filed by the companies with the SEC on August 24, 2021.  Additional details regarding the anticipated exchange ratio and amount of the Regal Special Cash Dividend will be released within approximately one week.

In addition, following completion of the transactions, (a) Regal will change its name to “Regal Rexnord Corporation” and its shares of common stock will trade on the NYSE under the ticker symbol “RRX” and (b) Rexnord Corporation will change its name to “Zurn Water Solutions Corporation” and its shares of common stock will trade on the NYSE under the ticker symbol “ZWS”.

The Rexnord Board of Directors has set the close of business on September 29, 2021 as the record date for the Spin-Off Dividend and October 4, 2021, the anticipated closing date, as the payment date for the Spin-Off Dividend, subject to satisfaction or waiver of the applicable closing conditions.  Each holder of record of Rexnord common stock as of the record date for the Spin-Off Dividend will be entitled to receive one share of Land common stock for each share of Rexnord common stock held of record as of such record date. The payment of the Spin-Off Dividend is subject to the satisfaction or waiver of certain conditions.  If the conditions are not satisfied or waived, the Spin-Off Dividend will not be paid.  The shares of Land common stock will not be transferable following the Spin-Off Dividend and the transfer agent for Land will be instructed not to effect any transfers of Land common stock following the Spin-Off Dividend.

The Regal Board of Directors has set the close of business on October 1, 2021 as the record date for the Regal Special Cash Dividend and October 5, 2021 as the payment date, subject to satisfaction or waiver of the applicable closing conditions.  Each holder of record of Regal common stock as of the record date for the Regal Special Cash Dividend will be entitled to receive the per share amount of the Regal Special Cash Dividend for each share of Regal common stock held of record as of such record date. The Regal Special Cash Dividend is conditioned upon completion of the merger.  If the merger is not completed, the Regal Special Cash Dividend will be cancelled and will not be paid.  In addition, as previously disclosed, the Regal Board of Directors has set the close of business on October 1, 2021 as the record date and October 15, 2021 as the payment date for Regal’s regular quarterly dividend (the “Regal Regular Dividend”).  The Regal Regular Dividend is not conditioned upon completion of the merger.

No action is required by Rexnord stockholders to receive their shares of Regal common stock in the merger.

No fractional shares of Regal common stock will be issued in the merger, and instead Rexnord stockholders will receive cash in lieu of any fractional share of Regal common stock.

When Issued (WI) Trading to Begin for Rexnord on New York Stock Exchange (NYSE)

Rexnord has been advised by the NYSE that, beginning on or about September 28, 2021 and continuing to and including the closing date of the merger, there will be two markets in Rexnord common stock on theNYSE: a “regular way” market and an “ex-distribution” market.  Also during this period, a Rexnord stockholder can sell the right to its Regal common stock that it will receive pursuant to the merger in a “when issued” (“WI”) market.

Outlined below are trading options for Rexnord stockholders that will be provided by the NYSE on or about September 28, 2021 to and including the closing date of the merger:

RXN

If, during this period, a Rexnord stockholder sells shares of Rexnord common stock in the regular way market (under Rexnord’s existing NYSE symbol “RXN”), the stockholder will be selling both its Rexnord common stock and the right to receive shares of Regal common stock pursuant to the merger.

RXN WI

If, during this period, a Rexnord stockholder sells shares of Rexnord common stock in the “ex-distribution” market (under the temporary NYSE symbol “RXN WI”), the stockholder will be selling only its shares of Rexnord common stock and will be retaining its right to receive shares of Regal common stock pursuant to the merger.

RBC WI

A Rexnord stockholder also has the option to sell its right to shares of Regal common stock and retain its shares of Rexnord common stock during this period in the “when issued” market. This option will be available under the temporary NYSE symbol “RBC WI”.

Trades under the symbols “RXN WI” and “RBC WI” will settle after the closing date of the merger. If the merger is not completed, all trades under these symbols will be cancelled.

ZWS

Beginning on October 5, 2021, Rexnord Corporation will trade under its new name “Zurn Water Solutions Corporation” and its new ticker symbol “ZWS”.

Trading on the NYSE for Regal

Shares of Regal common stock will continue to trade on the NYSE under the symbol “RBC” up to and including October 4, 2021.  Regal has been advised by the NYSE as follows with respect to trading in Regal shares as it relates to the Regal Special Cash Dividend and the Regal Regular Dividend.

With Respect to Regal Special Cash Dividend

Beginning on or about September 30, 2021 and continuing to but not including October 5, 2021, the payment date for the Regal Special Cash Dividend, shares of Regal common stock will trade with “due bills” with respect to the Regal Special Cash Dividend so that if you sell your shares of Regal common stock you will also be selling your right to receive the Regal Special Cash Dividend.

With Respect to Regal Regular Dividend

The ex-dividend date for the Regal Regular Dividend will be September 30, 2021. 

RRX

Beginning on October 5, 2021, Regal Beloit Corporation will trade under its new name “Regal Rexnord Corporation” and its new ticker symbol “RRX”.

Consult with Financial Advisors

In all cases, stockholders are encouraged to consult with financial advisors about the specific implications of (a) selling shares of Rexnord common stock or the right to receive shares of Rexnord common stock on or before the closing date of the merger or (b) selling shares of Regal common stock on or before the closing date of the merger.

About Regal
Regal Beloit Corporation  is a global leader in the engineering and manufacturing of electric motors and controls, power generation, and power transmission products, serving customers throughout the world. Regal creates a better tomorrow by developing and responsibly producing energy-efficient products and systems.

Regal is comprised of four operating segments: Commercial Systems, Industrial Systems, Climate Solutions and Power Transmission Solutions. Regal is headquartered in Beloit, Wisconsin and has manufacturing, sales, and service facilities worldwide. For more information, visit RegalBeloit.com.

About Rexnord
Headquartered in Milwaukee, Wisconsin, Rexnord is comprised of two strategic platforms, Process & Motion Control and Water Management, with approximately 6,800 employees worldwide.

The Process & Motion Control platform designs, manufactures, markets, and services specified, highly engineered mechanical components used within complex systems. The Water Management platform designs, procures, manufactures and markets products that provide and enhance water quality, safety, flow control and conservation. Additional information about Rexnord can be found at www.rexnordcorporation.com.

Forward Looking Statements

This communication contains forward-looking statements, within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, which reflect Regal’s and Rexnord’s current estimates, expectations and projections about Regal, Rexnord and the PMC Business’s respective future results, performance, prospects and opportunities. Such forward-looking statements may include, among other things, statements about the outcome of the variables and resulting adjustment to the exchange ratio in the transaction, the number of shares of Regal common stock to be issued in the merger between Land and a subsidiary of Regal (the “Merger”), the amount, if any, of the Regal special dividend to be paid and the amount of net indebtedness of Regal immediately following the Merger and after giving effect to the amount of Land net indebtedness that becomes indebtedness of the combined company as a result of the Merger, statements regarding the expected closing of the proposed transactions involving Regal, Rexnord and Land (the “Anticipated Transactions”). Forward-looking statements include statements that are not historical facts and can be identified by forward-looking words such as “anticipate,” “estimate,” “expect” and similar expressions. These forward-looking statements are based upon information currently available to Regal and Rexnord and are subject to a number of risks, uncertainties, and other factors that could actual results to differ materially from those expressed in, or implied by, these forward-looking statements. Important factors that could cause actual results to differ materially from the results referred to in the forward-looking statements Regal or Rexnord makes in this communication include: the possibility that the conditions to the consummation of the Anticipated Transaction will not be satisfied or will not be satisfied within the timeframe expected by Regal and Rexnord; changes in the extent and characteristics of the common stockholders of Rexnord and the common shareholders of Regal and its effect pursuant to the Merger Agreement on the number of shares of Regal common stock issuable pursuant to the Anticipated Transaction, magnitude of the dividend payable to Regal shareholders pursuant to the Anticipated Transaction and the extent of indebtedness to be incurred by Regal in connection with the Anticipated Transaction; the determination by Regal and Rexnord of the number of “Qualifying Overlap Shareholders” at the closing of the Anticipated Transaction; the ability to obtain the anticipated tax treatment of the Anticipated Transaction and related transactions; risks associated with any litigation related to the Transaction; and other risks and uncertainties including, but not limited, to those described in the section entitled “Risk Factors” in the Joint Proxy Statement, in Regal’s or Rexnord’s respective Annual Reports on Form 10-K on file with the SEC and from time to time in other filed reports including Regal’s and Rexnord’s Quarterly Reports on Form 10-Q. For a more detailed description of the risk factors associated with Regal and Rexnord, please refer to Regal’s Annual Report on Form 10-K for the fiscal year ended January 2, 2021 on file with the SEC, Rexnord’s Transition Report on Form 10-KT for the transition period from April 1, 2020 to December 31, 2020 filed with the SEC, Rexnord’s Quarterly Reports on Form 10-Q for the quarters ended March 31, 2021 and June 30, 2021 filed with the SEC, and subsequent SEC filings. Shareholders, potential investors, and other readers are urged to consider these factors in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements included in this communication are made only as of the date of this communication, and Regal, Rexnord and Land undertake no obligation to update any forward-looking information contained in this communication or with respect to the announcements described herein to reflect subsequent events or circumstances.

Additional Information

This communication does not constitute an offer to buy, or a solicitation of an offer to sell, any securities of Regal, Rexnord or Land. In connection with the Anticipated Transaction, Regal and Land filed registration statements with the SEC registering shares of Regal common stock and Land common stock in connection with the Anticipated Transaction, which have become effective. Regal’s Registration Statement on Form S-4 (No. 333-255982) includes a joint proxy statement/prospectus-information statement relating to the Anticipated Transaction, which has been mailed to Regal shareholders and Rexnord shareholders. Regal shareholders and Rexnord shareholders are urged to read the joint proxy statement/prospectus-information statement and any other relevant documents when they become available, because they contain and will contain important information about Regal, Rexnord, Land and the Anticipated Transaction. The joint proxy statement/prospectus-information statement and other documents relating to the Anticipated Transaction can also be obtained free of charge from the SEC’s website at www.sec.gov. The joint proxy statement/prospectus-information statement and other documents can also be obtained free of charge from Rexnord upon written request to Rexnord Corporation, Investor Relations, 511 Freshwater Way, Milwaukee, WI 53204, or by calling (414) 643-3739 or upon written request to Regal Beloit Corporation, Investor Relations, 200 State Street, Beloit, WI 53511 or by calling (608) 364-8800.

SOURCE Regal Beloit Corporation

Related Links

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Source: https://www.prnewswire.com:443/news-releases/regal-beloit-and-rexnord-announce-details-for-anticipated-completion-of-combination-of-regal-and-rexnords-pmc-business-301379607.html

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