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Ovintiv Announces Results of Annual Meeting

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DENVER, April 29, 2021 /PRNewswire/ – Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced that the following matters, as further described in the Company’s Proxy Statement filed on March 12, 2021 (the “Proxy Statement”), were voted upon at its 2021 Annual Meeting of Shareholders held on April 28, 2021.

1.     Election of Directors

Each nominee listed in the Proxy Statement was elected as a director of the Company. The results of the vote by ballot were as follows:

Name of Nominee

Votes For

Percent

Votes Against

Percent

Peter A. Dea

124,840,095

82.41%

26,650,131

17.59%

Meg A. Gentle

151,565,268

99.41%

899,878

0.59%

Howard J. Mayson

131,218,947

86.04%

21,282,697

13.96%

Lee A. McIntire

129,230,647

84.74%

23,265,857

15.26%

Katherine L. Minyard

151,508,527

99.36%

981,328

0.64%

Steven W. Nance

132,089,940

86.62%

20,408,379

13.38%

Suzanne P. Nimocks

147,477,878

96.71%

5,023,606

3.29%

Thomas G. Ricks

127,657,137

83.71%

24,843,191

16.29%

Brian G. Shaw

151,601,939

99.41%

898,025

0.59%

Douglas J. Suttles

151,395,423

99.25%

1,142,710

0.75%

Bruce G. Waterman

150,306,874

98.56%

2,192,207

1.44%

2.     Advisory Vote to Approve Compensation of Named Executive Officers

The results of the non-binding advisory vote for the compensation of the Company’s named executive officers were as follows:

Votes For

Percent

Votes Against

Percent

116,378,475

76.34%

36,075,631

23.66%

3.     Ratify PricewaterhouseCoopers LLP as Independent Auditors

The results for the ratification of PricewaterhouseCoopers LLP, Chartered Accountants, as the Company’s independent auditors were as follows:

Votes For

Percent

Votes Against

Percent

169,050,488

97.49%

4,353,795

2.51%

Further information on Ovintiv Inc. is available on the Company’s website, www.ovintiv.com, or by contacting:

Investor contact:

(888) 525-0304 

Media contact:

(403) 645-2252

SOURCE Ovintiv Inc.

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Energy

PNM and AVANGRID Formally File New Mexico Stipulation with Additional Parties

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ALBUQUERQUE, N.M., May 7, 2021 /PRNewswire/ — PNM Resources, Inc. (NYSE: PNM) wholly-owned New Mexico subsidiary, Public Service Company of New Mexico (PNM), and AVANGRID filed a revised stipulation with additional parties in its merger application before the New Mexico Public Regulation Commission (NMPRC) today.

Parties to the filed stipulation include: Attorney General of the State of New Mexico, Western Resource Advocates, the International Brotherhood of Electrical Workers Local 611, Dine Citizens Against Ruining Our Environment, Nava Education Project, San Juan Citizens Alliance, To Nizhoni Ani, the Coalition for Clean Affordable Energy, Interwest Energy Alliance, Walmart, Inc., and Onward Energy Holdings, LLC.

The addition of several parties to the stipulation demonstrates a growing consensus around the benefits of the merger to customers, employees and communities across New Mexico.

If approved by the NMPRC, the agreement among the parties will bring over $270 million in benefits to New Mexico. The hearing examiner for the case has scheduled a procedural conference for parties on May 11.

Additional materials pertaining to the stipulation and PNM’s application for approval of the merger with the NMPRC are available at https://www.pnmresources.com/investors/rates-and-filings.aspx.

Background:
PNM Resources (NYSE: PNM) is an energy holding company based in Albuquerque, N.M., with 2020 consolidated operating revenues of $1.5 billion. Through its regulated utilities, PNM and TNMP, PNM Resources provides electricity to approximately 800,000 homes and businesses in New Mexico and Texas. PNM serves its customers with a diverse mix of generation and purchased power resources totaling 2.8 gigawatts of capacity, with a goal to achieve 100% emissions-free energy by 2040. For more information, visit the company’s website at www.PNMResources.com.

     

CONTACTS:


     Analysts

Media

     Lisa Goodman

Ray Sandoval

     (505) 241-2160                                

(505) 241-2782

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
Statements made in this news release for PNM Resources, Inc. (“PNMR”), Public Service Company of New Mexico (“PNM”), or Texas-New Mexico Power Company (“TNMP”) (collectively, the “Company”) that relate to future events or expectations, projections, estimates, intentions, goals, targets, and strategies are made pursuant to the Private Securities Litigation Reform Act of 1995. Readers are cautioned that all forward-looking statements are based upon current expectations and estimates. PNMR, PNM, and TNMP assume no obligation to update this information. Because actual results may differ materially from those expressed or implied by these forward-looking statements, PNMR, PNM, and TNMP caution readers not to place undue reliance on these statements. PNMR’s, PNM’s, and TNMP’s business, financial condition, cash flow, and operating results are influenced by many factors, which are often beyond their control, that can cause actual results to differ from those expressed or implied by the forward-looking statements. Additionally, there are risks and uncertainties in connection with the proposed acquisition of us by AVANGRID which may adversely affect our business, future opportunities, employees and common stock, including without limitation, (i) the expected timing and likelihood of completion of the pending Merger, including the timing, receipt and terms and conditions of any required governmental and regulatory approvals of the pending Merger that could reduce anticipated benefits or cause the parties to abandon the transaction, (ii) the failure by AVANGRID to obtain the necessary financing arrangement set forth in commitment letter received in connection with the Merger, (iii) the occurrence of any event, change or other circumstances that could give rise to the termination of the Merger Agreement, (iv) the risk that the parties may not be able to satisfy the conditions to the proposed Merger in a timely manner or at all, and (v) the risk that the proposed transaction could have an adverse effect on the ability of PNMR to retain and hire key personnel and maintain relationships with its customers and suppliers, and on its operating results and businesses generally. For a discussion of risk factors and other important factors affecting forward-looking statements, please see the Company’s Form 10-K, Form 10-Q filings and the information included in the Company’s Forms 8-K with the Securities and Exchange Commission, which factors are specifically incorporated by reference herein.          

SOURCE PNM Resources, Inc.

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Energy

Grâce à son excellente performance, Risen Energy remporte 3 prix de l’industrie

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Risen Energy Co., Ltd (« Risen Energy »), l’un des leaders de l’industrie, a été invité à participer au séminaire et a remporté trois prix lors de l’événement. Le prix Outstanding CTO a été remis à Liu Yafeng, directeur principal en recherche et développe (R&D) chez Risen Energy. Leur détermination à demeurer à l’avant-garde des tendances de l’industrie a permis à Liu Yafeng et à l’équipe de R&D de Risen Energy d’être nommés dans la catégorie des modules PV à grandes tranches de silicium de 210 mm à hétérojonction. Malgré plusieurs défis techniques, l’équipe a mis au point la gamme de modules Titan ainsi que les modules de cellules à hétérojonction à haut rendement, qui font référence dans l’industrie pour les modules de 5e et 6e générations. À l’avenir, la combinaison de la gamme Titan et des modules à hétérojonction devrait permettre à l’industrie de passer à la 7e génération de modules PV.

Les modules phares de la gamme Titan de Risen Energy, dotés de tranches de 210 mm, réduisent davantage le coût des autres composants du système tout en augmentant la puissance des modules d’environ 2 à 3 % grâce à la technologie des barres omnibus multiples (MBB) de pointe. De plus, avec la technologie de découpe non destructive à basse température, les modules réduisent efficacement le risque de fissures cachées tout en conservant un niveau de stabilité plus élevé, répondant aux besoins d’applications multiples. Grâce à son excellent rendement et sa qualité supérieure, la gamme Titan a acquis une bonne réputation auprès des clients et a reçu la reconnaissance du marché dès son lancement. Pour les mêmes raisons, la gamme a remporté le prix Golden Module de 2021. Risen Energy a également remporté le prix Technology Innovation Enterprise pour les avantages qu’offre l’application de la technologie des modules et la mise à niveau des produits.

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SOURCE Risen Energy Co., Ltd

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Energy

Worldwide Battery Charger Industry to 2026 – by Accutronics, Analytic Systems Ware and Anoma Among Others

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DUBLIN, May 7, 2021 /PRNewswire/ — The “Battery Charger Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026” report has been added to ResearchAndMarkets.com’s offering.

The global battery charger market reached a value of US$ 21.7 Billion in 2020. A battery charger is a device which is used for transferring energy into a rechargeable battery by passing an electric current through it. Some battery chargers need to be manually disconnected by the constant voltage source whereas others may use a timer for cutting off the power at fixed intervals. Currently, the expansion of the electronics industry is the primary factor catalysing the demand for battery chargers. An increasing demand for electrical vehicles (EVs) and connected devices acts as another major force stimulating the growth of the battery charger market.

Over the years, several trends have been observed in the market like miniaturisation which have made these chargers powerful and faster, yet increasingly compact in size. In addition, various developments have been made so that battery chargers can cater to different functions without the need for separate cables. Growing focus and awareness regarding the importance of charging management is further encouraging the manufacturers to develop safe and rapid charging technologies. Apart from this, in order to expand their consumer-base, manufacturers have introduced wireless, smart and high temperature-resistant battery chargers. Looking forward, the publisher expects the global battery charger market to exhibit moderate growth during 2021-2026.

The competitive landscape of the market has also been examined with some of the key players being Accutronics Limited, Analytic Systems Ware Ltd., Anoma Corporation, Associated Equipment Corporation, Energizer Holdings Inc., Exide Technologies, Ferro Magnetics Corporation, FRIWO AG, HindlePower, Inc., Panasonic Corporation of North America, Phihong USA Corporation, Powerbase Industrial (HK) Ltd., Saft S.A., Salcomp Plc, Schumacher Electric Corporation, Scud (Fujian) Electronics Co. Ltd., Shun Shing Standard Corporation Development Ltd., Spectrum Brands Inc. (Rayovac Division), Uniross Batteries S.A.S, Yuasa Battery Inc. and others.

This report provides a deep insight into the global battery charger market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the battery charger industry in any manner.

Key Questions Answered in This Report:

  • How has the global battery charger market performed so far and how will it perform in the coming years?
  • What are the key regions in the global battery charger market?
  • What has been the impact of COVID-19 on the global battery charger market?
  • What are the major application segments in the global battery charger market?
  • What are the major categories in the global battery charger market?
  • What are the major product types in the global battery charger market?
  • What are the various stages in the value chain of the global battery charger market?
  • What are the key driving factors and challenges in the global battery charger market?
  • What is the structure of the global battery charger market and who are the key players?
  • What is the degree of competition in the global battery charger market?
  • How are battery chargers manufactured?

Key Topics Covered:

1 Preface

2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary /Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Battery Charger Market
5.1 Market Overview
5.2 Market Performance
5.3 Price Analysis
5.3.1 Key Price Indicators
5.3.2 Price Structure
5.3.3 Margin Analysis
5.4 Impact of COVID-19
5.5 Market Breakup by Application
5.6 Market Breakup by Category
5.7 Market Breakup by Product Type
5.8 Market Breakup by Region
5.9 Market Forecast
5.10 SWOT Analysis
5.10.1 Overview
5.10.2 Strengths
5.10.3 Weaknesses
5.10.4 Opportunities
5.10.5 Threats
5.11 Value Chain Analysis
5.11.1 Overview
5.11.2 Research and Development
5.11.3 Raw Material Procurement
5.11.4 Manufacturing
5.11.5 Marketing
5.11.6 Distribution
5.11.7 End-Use
5.12 Porter’s Five Forces Analysis
5.12.1 Overview
5.12.2 Bargaining Power of Buyers
5.12.3 Bargaining Power of Suppliers
5.12.4 Degree of Competition
5.12.5 Threat of New Entrants
5.12.6 Threat of Substitutes

6 Market Breakup by Application
6.1 Smartphones
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Laptops
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Electric Vehicles
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Tablets
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Digital Cameras
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Feature Phones
6.6.1 Market Trends
6.6.2 Market Forecast
6.7 Others
6.7.1 Market Trends
6.7.2 Market Forecast

7 Market Breakup by Category
7.1 OEM
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Replacement
7.2.1 Market Trends
7.2.2 Market Forecast

8 Market Breakup by Product Type
8.1 Wired
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Wireless
8.2.1 Market Trends
8.2.2 Market Forecast

9 Market Breakup by Region
9.1 Asia Pacific
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 North America
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Europe
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Middle East and Africa
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Latin America
9.5.1 Market Trends
9.5.2 Market Forecast

10 Battery Charger Manufacturing Process
10.1 Product Overview
10.2 Raw Material Requirements
10.3 Manufacturing Process
10.4 Key Success and Risk Factors

11 Competitive Landscape
11.1 Market Structure
11.2 Key Players
11.3 Profiles of Key Players
11.3.1 Accutronics Limited
11.3.2 Analytic Systems Ware Ltd.
11.3.3 Anoma Corporation
11.3.4 Associated Equipment Corporation
11.3.5 Energizer Holdings Inc.
11.3.6 Exide Technologies
11.3.7 Ferro Magnetics Corporation
11.3.8 FRIWO AG
11.3.9 HindlePower Inc.
11.3.10 Panasonic Corporation of North America
11.3.11 Phihong USA Corporation
11.3.12 Powerbase Industrial (HK) Ltd.
11.3.13 Saft S.A
11.3.14 Salcomp Plc
11.3.15 Schumacher Electric Corporation
11.3.16 Scud (Fujian) Electronics Co. Ltd.
11.3.17 Shun Shing Standard Corporation Development Ltd.
11.3.18 Spectrum Brands Inc.
11.3.19 Uniross Batteries S.A.S
11.3.20 Yuasa Battery Inc.

For more information about this report visit https://www.researchandmarkets.com/r/cxoodj

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets

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Global Lactic Acid Market Report 2021-2028 with Market Opportunity Assessment Analysis

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DUBLIN, May 7, 2021 /PRNewswire/ — The “Lactic Acid Market Size, Share & Trends Analysis Report by Raw Material (Sugarcane, Corn, Cassava), by Application (PLA, Food & Beverages), by Region, and Segment Forecasts, 2021-2028” report has been added to ResearchAndMarkets.com’s offering.

The global lactic acid market size is expected to reach USD 5.02 billion by 2028, expanding at a CAGR of 8.0% from 2021 to 2028

The market growth can be attributed to the increasing demand for lactic acid in various end-use industries, including industrial, food and beverages, and pharmaceuticals, especially in emerging economies such as India, China, and Indonesia. Additionally, demand for this product as a feedstock in the production of polylactic acid (PLA) is anticipated to drive the market globally.

Various raw materials used for the production of lactic acid include carbohydrates such as corn, sugarcane, sugar beet, and tapioca. A large share of this product produced globally is obtained through the fermentation process owing to its lower production costs as well as rising consumer awareness regarding sustainable and environmentally friendly products. The production process is commercially mature with a significant number of manufacturers, including Corbion, NatureWorks LLC, Galactic, and Henan Jindan Lactic Acid Technology Co., Ltd., using it.

The raw materials used for the commercial synthesis of this product include maltose or starch, lactose, sucrose, and glucose. These raw materials are derived from various feedstocks, such as barley malt, whey, molasses, and beet sugar, which are used to produce lactic acid via microbial fermentation.

The cost of raw material is a key factor to be considered in the fermentation process for the commercial production of this product. They may specifically cater to application areas such as industrial, food and beverage, pharmaceuticals, personal care, chemicals, and agrochemicals.

Polylactic acid is predominantly used to manufacture microwaveable containers, including disposable cutlery and food containers. Multiple beneficial properties such as improved aesthetic appeal and resistance to grease and oil are positively influencing the demand for polylactic acid in the formulation of food packaging products across the globe, further triggering the lactic acid demand.

Lactic Acid Market Report Highlights

  • In 2020, sugarcane emerged as the dominant raw material segment with a revenue share of over 39.0% owing to its abundant availability in nature, low cost, and environmental friendliness
  • Corn emerged as the second-largest raw material segment in 2020 and is projected to witness considerable growth over the forecast period owing to the rising awareness regarding sustainable products in the major application industries
  • PLA emerged as the dominant application segment in 2020 in terms of both volume and revenue owing to the rising usage in the manufacturing of biodegradable and biocompatible products
  • In 2020, North America emerged as the largest regional market due to the presence of major personal care and cosmetic industries in this region, especially in the U.S.

Key Topics Covered:

Chapter 1. Methodology and Scope

Chapter 2. Executive Summary

Chapter 3. Lactic Acid Market: Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Global organic acids market outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Raw Material Trends
3.3.2. Manufacturing Trends
3.4. Technology Outlook
3.4.1. Fermentation
3.5. Regulatory Framework
3.5.1. U.S. FDA
3.5.2. Eu Commission
3.5.3. Asia Pacific Regulatory Framework
3.6. Market Dynamics
3.6.1. Market Driver Analysis
3.6.1.1. Growing Personal care sector
3.6.1.2. Growth in the Pharmaceutical industry
3.6.2. Market Restraint Analysis
3.6.2.1. Volatile raw material prices
3.6.3. Key opportunities prioritized
3.6.3.1. Market Opportunity Assessment Analysis
3.6.3.2. Industry Analysis – Porter’s
3.6.3.3. PEST Analysis

Chapter 4. Lactic Acid Market: Raw material Estimates & Trend Analysis
4.1. Raw material movement analysis & market share, 2020 & 2028 (Kilotons) (USD Million)
4.2. Lactic Acid market size & forecasts and trend analysis, by raw material, 2017 – 2028 (Kilotons) (USD Million)
4.3. Corn
4.4. Sugarcane
4.5. Cassava
4.6. Other crops

Chapter 5. Lactic Acid Market: Application Estimates & Trend Analysis
5.1. Application movement analysis & market share, 2020 & 2028 (Kilotons) (USD Million)
5.2. Lactic Acid market size & forecasts and trend analysis, by application, 2017 – 2028 (Kilotons) (USD Million)
5.3. Food & Beverages
5.4. Industrial
5.5. Pharmaceuticals
5.6. Personal care
5.7. PLA

Chapter 6. Lactic Acid Market: Regional Outlook
6.1. Lactic acid Market, By Region, 2020 & 2028
6.2. Lactic Acid market size & forecasts and trend analysis, by region, 2017 – 2028 (Kilotons) (USD Million)

Chapter 7. Competitive Landscape
7.1. Vendor Landscape
7.2. Competitive Market Environment
7.3. Company Market Positioning
7.4. Strategy Framework
7.4.1. List of Key Strategies By Company

Chapter 8. Company Profiles
8.1. Company overview
8.2. Product benchmarking
8.3. Strategic Initiatives

  • Futerro
  • BASF SE
  • Galactic
  • Henan Jindan Lactic Acid Technology Co. Ltd.
  • Lattice Semiconductor Corporation
  • Corbion
  • ThyssenKrupp AG
  • Dow
  • Cellulac
  • Jungbunzlauer Suisse AG
  • Vaishnavi Bio Tech
  • TEIJIN LIMITED
  • Danimer Scientific
  • NatureWorks LLC

For more information about this report visit https://www.researchandmarkets.com/r/1jqeln

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets

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