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Enerkon Solar International Inc. (ENKS) Announced Second Phase – Stock Buy Back today, which will significantly reduce the company’s outstanding common stock, Raising ENKS Book Value per Share

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New York, New York, June 7, 2021 – Today, Enerkon Solar International Inc. (OTC Pink: ENKS) (the “Company”) an international holding company – consisting of 6 companies incorporated in the USA and UK – investing in major top market segments (Renewable Energy, Solar – Hydrogen Production, New Disruptive Technologies, Patents and Trademarks, Biotech, Defense and other vibrant market segments) issued the following statement through the Companies CEO MR. Benjamin Ballout who stated:

“Today the company agreed to embark the second phase of a robust share buyback campaign which is in the form of a second buyback action – constructed as a compulsory Restricted Non-affiliate Conversion to Preferred Shares with an Option exercise price of $7.00 and a dividend in cash or kind in the amount of 8% payable quarterly – in arrears”

“The company will publish the restricted shareholdings (non-Affiliate) numbers effected as a % of total outstanding shares through the Company PROFILE UPDATE ad validation on the OTC Markets Website via OTCIQ – and this would be reflected on conversion in stages as conversions come across and are processed or as shares are canceled with compulsory conversion automatically retiring the Restricted shares back to the treasury with simultaneous issuance of Preferred Restricted shares as structured above”

Previous to this action the Chairman retires to the treasury of the company 25,250,000 shares held by him over the past 3 years in exchange for 252,500 preferred shares with $7.00 Exercise option and 8% dividend in cask or kind payable quarterly in arrears – this being about 30% of outstanding shares, whereas this second phase buyback will represent a cumulative total of nearly 80% of total outstanding shares canceled and retired to the treasury in exchange for preferred – this being a 100:1 conversion ratio for which the second phase will also be executed by the same ration value of 100:1 – At $7.00 the holders can opt to convert back on their options to the original shareholding positions against an exercise ratio formula back to common should the price be maintained for 30 days average at $7.00.

This action will benefit the public shareholders in general, as the effects of the action will be the contraction in outstanding common stock, which will raise the Per Share ‘book value’ accordingly, without having to resort to a reverse split, which is not popular with companies, or shareholders.

These actions are taken as a prelude to Up List Plans to the NASDAQ market, which maintains a minimum share entry price of $4.00 to qualify for listing on the national exchange.

This action does not guarantee the PPS will rise to $4.00 and the company may be required to institute additional share repurchase actions, in the coming week(s)  and there is no guarantee that the exercise option of $7.00 would be reached  – therefore, the exercise price may be adjusted down, if so needed, in the future.

The foregoing statements are forward-looking statements, and as such, they may or may not reflect the results which could transpire in the future which should be negative or not transpire at all due to circumstances or other reasons and investors, shareholders, or others should not rely on these forward-looking statements to ascertain any value if any of ENKS or to make any investment decisions and to take note that this is not an offer to buy or sell securities or an endorsement of ENKS for investment purposes as all investment carry a risk of loss sometimes a total loss of your investment in Micro cap shares markets or any market and therefore such statements or plans should not be relied upon for any business decisions of any kind – Approval and permissions required by federal regulations may or may not be approved and if not approved may result in the loss of all value and all investments in products requiring such regulatory permissions to market and sell. These statements are made as forward-looking statements for educational purposes only in accordance with the rules and regulations which pertain to the same.

Enerkon Solar International Inc.
www.enerkoninternational.com
info@enerkoninternational.com

New HQ Address in New York at:
Enerkon Solar International Inc
477 Madison Avenue
New York, NY 10022 USA

Tel. +1 (877) 573-7797
Tel. +1 (718) 709-7889

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Source: https://otcprwire.com/enerkon-solar-international-inc-enks-announced-second-phase-stock-buy-back-today-which-will-significantly-reduce-the-companys-outstanding-common-stock-raising-enks-book-value-per-share/

Energy

‘Green’ ammonia prices double that of regular supplies, according to Argus

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LONDON, June 24, 2021 /PRNewswire/ — Green ammonia is increasingly heralded as a carbon-free energy source of the future that can replace carbon dioxide (CO2)-emitting fuels and help drive “energy transition”.

The difficulties of the road ahead are highlighted, however, by a new price series launched by global commodity market specialists Argus. The series shows green ammonia costs are more than twice that of conventional carbon-intensive ammonia supplies. How then can green ammonia hope to displace fossil fuel-derived “grey” ammonia?

Energy companies and energy consumers are interested in ammonia because it is one of the most stable ways to transport hydrogen, and hydrogen is — in theory — the cleanest fuel in the universe. Burning it produces only water as a by-product.

Regular so-called “grey ammonia”, however, is primarily produced from natural gas, and the process emits CO2, negating the idea of using the resulting product for low-carbon energy. As a result, grey ammonia is 80pc used as fertilizer, with the balance consumed in various industrial processes.

Green ammonia, on the other hand, is created by electrolysis, passing renewable electricity through water, so its carbon footprint is essentially zero. The energy stored can be extracted by direct combustion or through fuel cell technology, which reverses the electrolysis process to generate electricity.

Argus has modelled a weekly price for green ammonia delivered to northwest Europe based on a theoretical “typical” production plant in the Middle East. This model currently yields a notional value of $1,196/t — more than twice the price of the conventional grey alternative. When compared with conventional fuels, in areas where green ammonia is seen as a promising substitute, the contrast is even more dramatic. Green ammonia is, for example, nearly four times the cost of fossil fuel-based marine shipping fuels, compared on an energy content, or British thermal units (Btu) basis.

But despite the apparently unattractive economics, a new strategy report from Argus claims that green ammonia will go on to play a key role in the transition away from fossil fuels. Argus VP, Sustainable Fertilizers, Oliver Hatfield, says: “We expect a significant reduction in the costs of producing green ammonia as process technology develops and projects increase in scale and number, similar to the trajectory for renewable power generation fuels such as wind and solar, where costs have fallen by 80pc over the past 10 years.” He added: “Meanwhile, a combination of incentives and regulation will be needed to ensure that green ammonia can thrive and play its vital part in the move to a minimal carbon global economy”.

There are multiple potential uses for green ammonia, but two of the most promising are marine fuels and power generation. The International Maritime Organisation (IMO) requires that vessels reduce their CO2 emissions by 40pc by 2030 and by 70pc by 2050 from 2008 base levels. Green ammonia in theory would allow the shipping world to meet these targets at a stroke. Such a transition, of course, would require the development of viable ammonia-driven ship engines and ammonia-based fuelling systems, which currently are at a prototype stage. Meanwhile, some countries, in particular Japan, are aggressively pursuing the idea of green ammonia in power generation because ammonia is a stable “transport vector” for hydrogen, facilitating long-haul transportation.

Argus Media chairman and chief executive Adrian Binks said: “We are very pleased that we have been able to construct a price for green ammonia at this very early stage of its market development. Green ammonia will play a key part in the energy transition and the added transparency created by our price, will help the market develop efficiently.”

Argus contact information

London: Seana Lanigan
+44 20 7780 4200
Email Seana

Singapore: Tomoko Hashimoto
+65 6496 9960
Email Tomoko

Moscow: Alexey Komarov
+7 495 933 75 71
Email Alexey

Houston: Matt Oatway
+1 713 968 0000
Email Matt

More resources on green ammonia

About Argus Media

Argus is an independent media organisation with almost 1,100 staff. It is headquartered in London and has 26 offices in the world’s principal commodity trading and production centres. Argus produces price assessments and analysis of international energy and other commodity markets and offers bespoke consulting services and industry-leading conferences.

Companies in 140 countries around the world use Argus data to index physical trade and as benchmarks in financial derivative markets as well as for analysis and planning purposes.

Argus was founded in 1970 and is a privately held UK-registered company. It is owned by employee shareholders, global growth equity firm General Atlantic and Hg, the specialist software and technology services investor.

ARGUS, the ARGUS logo, ARGUS MEDIA, ARGUS DIRECT, ARGUS OPEN MARKETS, AOM, FMB, DEWITT, JIM JORDAN & ASSOCIATES, JJ&A, FUNDALYTICS, METAL-PAGES, METALPRICES.COM, INTEGER, Argus publication titles and Argus index names are trademarks of Argus Media Limited.

SOURCE Argus Media

Related Links

http://www.argusmedia.com

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Source: https://www.prnewswire.com:443/news-releases/green-ammonia-prices-double-that-of-regular-supplies-according-to-argus-301318991.html

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Energy

Innovative Mobile Technology Increases Renewable Energy Penetration in Southeastern Europe

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Announcing the successful deployment, Dimitar Zarchev, ESO’s National Dispatching Center Director, said, “This project allows us to capture excess capacity on our grid to increase renewable penetration, reduce constraints and improve cross-border flows between Bulgaria and Romania. ESO is proud to be part of this important work, which is vitally important to the Southeastern European network.”

“Using innovative tools like this, we can greatly enhance the network’s capacity, flexibility and ultimately accelerate this region’s decarbonization efforts,” he said.

Dimitar continued, “the value of Smart Wires’ mobile technology is that it can be delivered in months, installed in hours and reused at multiple different locations. Power flow control is not new, but this innovative mobile deployment method provides the industry with an incredibly flexible and high-impact solution, which ultimately delivers a faster, lower cost and better way to plan and operate power systems.”

Mark Norton, Smart Wires’ Vice President of European Business Development, commented, “with this work, ESO has demonstrated their commitment to their customers, to the energy transition and to the type of leadership and innovation that the Horizon 2020 projects embody. Smart Wires has truly enjoyed the collaboration with the ESO team throughout the project.”

Mark added, “this project showcases true innovation – redeploying large scale grid infrastructure seamlessly from one grid to another to solve multiple problems. This equipment was first deployed in Greece in 2019 to reduce renewable congestion as a joint project with the Greek Independent Power Transmission Operator. ESO and IPTO have shown global leadership on this project which has caught the imagination of operators from all over Europe, the US, Australia and Latin America. We’re proud to partner with the FLEXITRANSTORE consortium to ensure these types of tools can be adopted across Europe.”

About FLEXITRANSTORE
FLEXITRANSTORE demonstrates a variety of novel smart grid technologies, control methods, energy storage and new market approaches which will be developed, installed, demonstrated, and tested introducing flexibility to the European power system. FLEXITRANSTORE will transform the European Power System through interventions that target the whole Energy Value Chain. FLEXITRANSTORE will develop a next generation Flexible Energy Grid (FEG).  The project takes both a national and a regional approach, acknowledging the need to seamlessly integrate national markets, particularly in the Southeastern European network, which still lacks the high interconnectivity that the rest of the European network has.

This project has received funding from the European Union’s Horizon 2020 research and innovation program under grant agreement No 774407

About ESO
Electricity System Operator (ESO) is the Bulgarian Transmission System Operator. The company is responsible for the common operational planning, coordination and control of the Bulgarian power system and its parallel synchronous operation with neighboring systems, it provides for the transmission grid operation, maintenance and reliable functioning. ESO implements transit of electricity through the national grid and organizes the electricity auction market.
www.eso.bg

About Smart Wires
Smart Wires is a global power technology company advancing the delivery of affordable, clean electricity worldwide. With our innovative technology and advanced analytics, we maximize the grid’s capacity. This means more renewables, at a lower cost and with less disruption to communities and the environment. Smart Wires has a global workforce of 200 professionals spread across four continents. Our team collaborates with our customers to achieve their strategic objectives and help them face an uncertain energy future with flexible, high-impact solutions.
www.smartwires.com 

SOURCE Smart Wires

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https://www.smartwires.com

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Source: https://www.prnewswire.com:443/news-releases/innovative-mobile-technology-increases-renewable-energy-penetration-in-southeastern-europe-301318941.html

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Energy

Talos Energy Announces Pricing Of Secondary Public Offering Of Common Stock

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HOUSTON, June 23, 2021 /PRNewswire/ — Talos Energy Inc. (NYSE: TALO) (“Talos” or the “Company”) announced today the pricing of an underwritten public offering of an aggregate of 5,000,000 shares of its common stock (the “Offering”) by certain affiliates of Apollo Global Management and Riverstone Holdings LLC (the “Selling Stockholders”). Talos is not selling any shares of common stock in the Offering and will not receive any proceeds from any sale of shares by the Selling Stockholders. The Offering is expected to close on June 28, 2021, subject to customary closing conditions.

BMO Capital Markets is acting as sole underwriter for the Offering. The underwriter may offer the shares of common stock from time to time for sale in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices.

Registration statements relating to these securities have been filed with and declared effective by the U.S. Securities and Exchange Commission (the “SEC”). The Offering is being made only by means of a prospectus supplement and accompanying base prospectuses. Before investing, prospective investors should read the prospectus supplement, the accompanying base prospectuses and the documents incorporated by reference therein for more complete information about the Company and the Offering. Copies of the preliminary prospectus supplement and accompanying base prospectuses relating to the Offering, as well as copies of the final prospectus supplement once available, may be obtained from BMO Capital Markets Corp., Attn: Equity Syndicate Department, 3 Times Square, 25th Floor, New York, NY 10036, tel: (800) 414-3627, email: [email protected].

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of any securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

ABOUT TALOS ENERGY

Talos Energy (NYSE: TALO) is a technically driven diversified energy company focused on safely and responsibly maximizing long-term value through our operations in the United States and offshore Mexico, both upstream through oil and gas exploration and production and downstream through the development of future carbon capture and storage opportunities. As one of the Gulf of Mexico’s largest public independent producers, we leverage decades of technical and offshore operational expertise towards the acquisition, exploration and development of upstream energy assets in key geological trends. With a focus on environmental stewardship, we are also utilizing our expertise to reduce industrial emissions through our carbon capture and storage joint venture along the U.S. Gulf Coast and Gulf of Mexico. For more information, visit www.talosenergy.com.

INVESTOR RELATIONS CONTACT

Sergio Maiworm
+1.713.328.3008
[email protected]  

CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS

This communication contains “forward-looking statements” within the meaning of U.S. Private Securities Litigation Reform Act of 1995. When used in this communication, the words “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” “forecast”, “may,” “objective,” “plan” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. All statements, other than statements of historical fact included in this communication, are forward-looking statements including, but not limited to, statements regarding the expected closing of the Offering. These forward-looking statements are based on our current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events.

We caution you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond our control. These risks include, but are not limited to, risks and uncertainties related to economic, market or business conditions, satisfaction of customary closing conditions related to the Offering and other risk factors as detailed from time to time in the Company’s reports filed with the SEC.

Should one or more of these risks or uncertainties occur, or should underlying assumptions prove incorrect, our actual results and plans could differ materially from those expressed in any forward-looking statements. All forward-looking statements, expressed or implied, included in this communication are expressly qualified in their entirety by this cautionary statement. All forward-looking statements speak only as of the date of this communication. Except as otherwise required by applicable law, we disclaim any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this communication.

SOURCE Talos Energy

Related Links

http://www.talosenergy.com

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Energy

Elevator and Escalator Services Market in GCC Countries to grow by USD 765.96 million|Technavio

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Technavio offers an up-to-date analysis regarding the current global market scenario and the overall market environment. 
Download FREE Sample Report

Read the 120-page report with TOC on “Elevator and Escalator Services Market in GCC Countries Analysis Report by Product (Elevators and Escalators) and Geography (Saudi Arabia, Qatar, UAE, Bahrain, and ROW), and the Segment Forecasts,2021-2025″. Gain competitive intelligence about market leaders. Track key industry opportunities, trends, and threats. Information on marketing, brand, strategy and market development, sales, and supply functions.

The elevator and escalator services market in GCC countries is driven by the increasing demand for smart elevators. In addition, the growing trend of smart cities is anticipated to boost the growth of the Elevator and Escalator Services Market in GCC Countries.

Smart elevators are developed to design energy-efficient elevators, which can minimize the wait and travel times. It facilitates security, such as biometrics, touchscreens, access control, and destination dispatch systems. The advantages of a smart elevator include better control of elevator traffic, enhanced energy efficiency, reduced wait times, and integrated access control features. Smart elevators are also capable of distinguishing employees of a particular company based on their IDs and directing them to the correct elevator. Smart elevators have witnessed an exponential rise in popularity because of their advantages. The rapidly growing popularity of smart elevators is expected to drive the growth of the global elevator and escalator services market in GCC.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

Major Five Elevator and Escalator Services in GCC Countries Companies:

Alfa Elevators

Alfa Elevators offers elevator and escalator services like Elevator Supply, Elevator installation, Modernization/Renovation, and Elevator Maintenance.

Elco Ltd.

Elco Ltd. offers an elevator and escalator under the brand name Electra.

Fujitec Co. Ltd.

Fujitec Co. Ltd. offers elevators and escalators under the brand names Zexia, Rexia, and other brands.

G.I.TECH Lifts & Escalators LLC

G.I.TECH Lifts & Escalators LLC offers various types of home elevators, scissor elevators, and escalators for different purposes.
Hitachi Ltd.

Hitachi Ltd. offers an elevator and escalator under the brand names UAG-SN1, OUG-ON1, and other brands.

Elevator And Escalator Services Market In GCC Countries Product Outlook (Revenue, USD million, 2020-2025)

  • Elevators – size and forecast 2020-2025
  • Escalators – size and forecast 2020-2025

Elevator And Escalator Services Market In GCC Countries Geography Outlook (Revenue, USD million, 2020-2025)

  • Saudi Arabia – size and forecast 2020-2025
  • Qatar – size and forecast 2020-2025
  • UAE – size and forecast 2020-2025
  • Bahrain – size and forecast 2020-2025
  • ROW – size and forecast 2020-2025

Know more about the global trends impacting the future of market research, download a free sample:  
https://www.technavio.com/talk-to-us?report=IRTNTR45266

Related Reports on Industrials Include:

Elevator and Escalator Market in Australia– The elevator and escalator market size in Australia is segmented by product (elevator and escalator) and service (new installations, maintenance, and modernization).
Download FREE Sample Report

Industrial Robotics Market in Europe– The industrial robotics market size in Europe is segmented by end-user (automotive, industrial machinery, electrical and electronics, food and beverage, and others) and geography (Germany, Italy, France, Spain, and the rest of Europe).
Download FREE Sample Report

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Report Page: https://www.technavio.com/report/elevator-and-escalator-services-market-in-gcc-countries-industry-analysis

SOURCE Technavio

Related Links

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