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CALGARY, Alberta, DÜSSELDORF, Germany and BRESCIA, Italy, July 05, 2022 (GLOBE NEWSWIRE) -- Eavor, the leader in scalable geothermal energy, has selected Turboden S.p.A. (“Turboden”) for the development of their project in the South of Germany in Geretsried (Bavaria). This investment in Turboden’s Organic Rankine Cycle (“ORC”) system will be used in the first commercial Eavor-Loop™ project harnessing heat from the Earth to deliver electricity to the local market. The project, will have a capacity of 8.2 MWe (4 loops and a single ORC generator) when it reaches its full capacity. The assumed date of initial power production is 2024 and will be ramped up into 2026 when the plant is operating at full capacity. Eavor estimates 4,900 homes per Eavor-Loop™ will be powered with clean energy harnessed from the Earth. The full 8.2 MWe project will result in ~44,000 tCO2e GHG emissions avoided per year including anticipated heat offtake in addition to the power sales. Eavor further estimates 150 drilling services and powerplant/infrastructure jobs will be created during the construction phase of the project. Eavor’s technology, known as Eavor-Loop™, uses the natural heat of the earth like a giant rechargeable battery. Fluids are heated by the earth and circulated in a closed network of underground wellbores, unlocking a reliable and consistent energy source. Eavor’s technology differs from other forms of geothermal in that it is a scalable “go anywhere” solution, harvesting geothermal heat to generate dispatchable power and heat with zero emissions. “Eavor is capable of designing and constructing this ORC power plant simultaneously with the drilling phase of the project due to our confidence in the thermal calculations and process engineering,” states Daniel Mölk, Eavor’s Germany Country Manager. “This demonstrates the specific nature and predictability of a closed-loop system and we are excited to have found a great partner in Turboden.” “It is an extraordinary achievement to have an agreement like this in place prior to drilling and serves to maintain Turboden’s market leadership in Germany,” states Joseph Bonafin, Sales and Business Development Manager for Turboden, “This project aligns with Turboden’s mission to reduce global warming and the consumption of fossil fuels. Maintaining a process of continuous evolution is part of our DNA and Eavor is a perfect partner for us.” Contact: Eavor Technologies Inc. Daniel Mölk Germany Country Manager +49 211 42471-5692 presse@eavor.de www.eavor.de About Eavor: Eavor (pronounced “Ever”) is a technology-based Energy company led by a team dedicated to creating a clean, reliable and affordable energy future on a global scale. Eavor’s solution (Eavor-Loop™) represents the world’s first truly scalable form of clean dispatchable power. Eavor achieves this by mitigating or eliminating many of the issues that have traditionally hindered geothermal energy. Eavor instead circulates a benign working fluid which is completely isolated from the environment in a closed-loop, through a massive subsurface radiator. This “radiator” simply collects heat from the natural geothermal gradient of the Earth via conduction, at geologically common and drilling accessible rock temperatures. Further inquiries: Eavor Technologies Inc.: www.eavor.com About Turboden: Turboden S.p.A., founded in 1980, is an Italian firm and a global leader in the design, manufacture and maintenance of Organic Rankine Cycle (ORC) systems, highly suitable for distributed generation, that generate electric and thermal power exploiting multiple sources, such as renewables (biomass, geothermal energy, solar energy), traditional fuels and waste heat from industrial processes, waste incinerators, engines or gas turbines. Today, with more than 400 plants worldwide, Turboden expands its solutions with gas expanders and large heat pumps to play a broader role in the decarbonisation of the district heating sector and of some energy-intensive industrial processes.
SOUTHAMPTON, Pa., July 01, 2022 (GLOBE NEWSWIRE) -- Environmental Tectonics Corporation (OTC Pink: ETCC) (“ETC” or the “Company”) today announces that the Annual Meeting of Shareholders (“Annual Meeting”) will be held virtually via Zoom on Thursday, August 4, 2022 at 10:00 a.m. for the following purposes: To elect five (5) Directors to serve on the Board of Directors until ETC’s 2023 Annual Meeting of Shareholders and until their successors are elected. To ratify the appointment of RSM US LLP as the independent registered public accounting firm for ETC for the fiscal year ending February 24, 2023. To transact such other business as may properly come before the meeting and any adjournment of the meeting. ETC will be convening the meeting from our Corporate Headquarters via Zoom. If you would like to have the Zoom link emailed for access to the meeting, please email Andrea Morton at amorton@etcusa.com. Links will be emailed within twenty-four (24) hours of the meeting time. The Board of Directors has fixed the close of business on June 23, 2022 as the Record Date for the determination of shareholders entitled to notice of and to vote at the Annual Meeting. Materials for the Annual Meeting were made available on or about June 30, 2022 to registered shareholders as of the Record Date. Such materials are also available within the Investors section of ETC’s website at https://www.etcusa.com/investors/ shareholder-information/annual-meetingshareholders-materials/. You can vote your shares by emailing your position on each of the above items to voting@etcusa.com. If you are unable to attend the Annual Meeting, it is still important that your shares be represented. Please vote your shares promptly. ______________ About ETC: ETC designs, manufactures, and sells software driven products and services used to recreate and monitor the physiological effects of motion on humans, and equipment to control, modify, simulate and measure environmental conditions. Our products include aircrew training systems (aeromedical, tactical combat, and general), disaster management systems, sterilizers (steam and gas), environmental testing and simulation systems, and other products that involve similar manufacturing techniques and engineering technologies. ETC’s unique ability to offer complete systems, designed and produced to high technical standards, sets it apart from its competition. ETC is headquartered in Southampton, PA. For more information about ETC, visit http://www.etcusa.com/. Forward-looking Statements This news release contains forward-looking statements, which are based on management’s expectations and are subject to uncertainties and changes in circumstances. Words and expressions reflecting something other than historical fact are intended to identify forward-looking statements, and these statements may include words such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “estimate”, “future”, “predict”, “potential”, “intend”, or “continue”, and similar expressions. We base our forward-looking statements on our current expectations and projections about future events or future financial performance. Our forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about ETC and its subsidiaries that may cause actual results to be materially different from any future results implied by these forward-looking statements. We caution you not to place undue reliance on these forward-looking statements. Contact: Joseph F. Verbitski, Jr., Chief Financial Officer Phone: (215) 355-9100 x1531 E-mail: jverbitski@etcusa.com
A New Corporate Structure to Support Growth Strategy and Expand Individual Brands KIRKLAND, Wash., July 01, 2022 (GLOBE NEWSWIRE) -- Alaska Structures, Inc. (Alaska) is pleased to announce that, following the recent tremendous expansion of its product lines and its successful consolidation with WeatherPort Shelter Systems, the company is implementing a strategic renaming and restructuring program that reflects its continued growth and expanded product offerings. Effective July 1, 2022, Alaska will be renamed "AKS Industries, Inc." and will serve as a parent corporation holding all its existing product lines under three new corporate divisions: Alaska Defense™, Alaska Structures®, and BLU-MED Response Systems®. The timing of the renaming and restructuring program coincides with the expansion of Alaska Defense's hard-wall container-based product lines, as well as a significant milestone in the company's history. Alaska is known for providing the world's most popular and widely used soft-wall shelter systems, with more than 65,000 shelter systems successfully deployed in 85-plus countries. Now, with nearly 400,000 square feet of manufacturing space in the USA, AKS Industries™ has grown to become the most efficient and largest manufacturer of its kind. In addition to manufacturing the highest-quality fabric buildings made anywhere in the world, AKS Industries now has the in-house capability to manufacture heavy-duty cargo trailers, expeditionary light towers, and modular container systems. "This is an exciting development for AKS Industries and our customers. We now offer the option of both soft- and hard-wall building solutions. Bringing this capability in-house allows us to expand our product offerings and create containerized buildings that deliver the same rugged durability our customers expect, but also seamlessly integrate with our well-known plug-and-play capabilities," stated COO Gerrit Boyle. Under the new structure, the company's three divisions will be as follows: Alaska Defense™ — Formerly the Military Division of Alaska Structures, Alaska Defense will remain focused on providing rapidly deployable military shelter systems and military base camps while expanding its new lines of containerized facilities, including containerized shower/latrine systems to support military base camps. Alaska Defense will continue to support the rapid expansion of forces and enhance mission readiness with energy-efficient and scalable solutions that offer unmatched setup and strike capability for expeditionary or enduring deployments anywhere in the world. For more information, please visit www.alaskadefense.com. Alaska Structures® — Formerly Alaska's commercial division, the Alaska Structures division of AKS Industries™ will continue to manufacture commercial fabric buildings and remote camp systems used by mining, construction, oil and gas, and manufacturing companies worldwide while expanding its consumer- and recreational-focused WeatherPort® product lines. Engineered fabric buildings from Alaska Structures meet area-specific wind and snow loads for safety, drastically reduce construction schedules, are easily relocated, and offer long-lasting durability in extremely hot, humid, and cold climates. For more information about Alaska Structures' commercial product lines, please visit www.alaskastructures.com. For more information about Alaska Structures' WeatherPort product lines, please visit www.weatherport.com. BLU-MED Response Systems® (BLU-MED®) — BLU-MED® will continue as the mobile medical facilities division of AKS Industries to supply government agencies (of all levels), response organizations, and first responders with medical facilities and mobile field hospitals to respond quickly to medical emergencies, disasters, hospital surge events, disease outbreaks (like Ebola, COVID-19, flu, etc.) and world conflicts "...when and where needed." ® For more information, please visit www.blu-med.com. Point of Contact: William Hansen AKS Industries, Inc. inquiry@aks.com This content was issued through the press release distribution service at Newswire.com.
BERLIN, June 28, 2022 (GLOBE NEWSWIRE) -- Adhering to straight-run requirements can be a challenge in the generally limited space of industrial process plants. Because of limited pipework, it's not always feasible to carry out optimal installation away from valves, bends and other inline workings that could lead to excess turbulence that's difficult to deal with. To obtain precise measurement under normal circumstances, clamp-on flow meters demand an inlet length of at least 10D. However, thanks to FLEXIM's brand new disturbance correction technology, accuracy is guaranteed even under less than ideal inflow conditions, reducing the necessary inlet length from 10D to a much more realistic and achievable 2D. A flexible and cost-effective solution for both planners and users. FLEXIM's commitment to innovation means that installation can be carried out in even the most restricted spaces, with no downtime and no reduction in accuracy. As of the 1st of June 2022, the enhanced Disturbance Correction feature has been implemented on all relevant meters. What does FLEXIM do? In virtually every country around the world, FLEXIM's groundbreaking instruments are providing essential liquid, gas and steam measurement, control, data logging and alarm services to every single industry. From simple to complex industrial and municipal processes, FLEXIM's multi-function measurement and control systems provide relentlessly reliable instrumentation - even at temperatures up to 1100F. FLEXIM designs and manufactures multiple types of non‑intrusive ultrasonic liquid/gas flowmeters. From the permanent FLUXUS (available in a wide range of models and configurations including Mass and Thermal Energy Measurement Systems), to the F601 portable, and now the FLUXUS H20 family of portable flow meters for municipal applications. To find out more about FLEXIM's enhanced Flow Disturbance Correction, and how it makes measuring errors a thing of the past, take a look at our latest video and visit our website: Video: https://youtu.be/3UWoGWLyJzM Homepage: https://www.flexim.com/us Products: https://www.flexim.com/us/ultrasonic-flowmeters-and-online-process-analyzers You can also get in touch for more detailed information: Contact Us: https://www.flexim.com/us/contact-us Locations: https://www.flexim.com/us/locations Contact: Tiffany DeMayo FLEXIM (631) 492-2300 tdemayo@flexim.com Related Images Image 1: Flow Disturbance Correction This content was issued through the press release distribution service at Newswire.com.
HONG KONG, June 24, 2022 /PRNewswire/ -- New World Development Company Limited ("NWD", the "Company" or the "Group", Hong Kong stock code: 00017) announced today that the Company has become the third real estate developer in Asia to receive the Science Based Targets initiative's (SBTi) approval of its near-term 1.5°C aligned science-based targets (SBTs) and commit to the SBTi Net-Zero Standard, which will include setting long-term company-wide emission reductions in line with reaching science-based net-zero by 2050. Continuing its commitments to the Business Ambition for 1.5°C and the United Nations Framework Convention on Climate Change (UNFCCC) Race to Zero campaign, this milestone marks the Company's clearly-defined path to reducing carbon emissions in line with the Paris Agreement goals, aiming to mitigate the worst impacts of climate change and increase resilience as a future-proof business. The near-term SBTs cover the Company's major properties and construction activities in Hong Kong and the Chinese mainland. The Company has committed to reducing absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 46.2% by FY2030 from a FY2019 base year, Scope 3 GHG emissions from capital goods by 22% per sqm of construction floor area by FY2030 from a FY2019 base year and Scope 3 GHG emissions from downstream leased assets by 29.8% per sqm of gross floor space within the same timeframe. Since 2018, the Company has been working towards New World Sustainability Vision 2030 (SV2030), referencing the United Nations Sustainable Development Goals with four pillars: Green, Wellness, Smart and Caring. SV2030 Green targets include halving its environmental impact in energy and carbon emissions intensity from the levels in FY2015 across different business units. In January 2021, NWD launched its Renewable Energy Roadmap to support its transition to a low-carbon economy through Scope 2 emissions reduction, charting a path towards adopting 100% renewable energy in its Greater Bay Area rental properties by end of FY2026 and 100% renewable energy for all Greater China rental properties by end of FY2031. The Company has been striving to accelerate its decarbonisation plans by integrating climate-related initiatives and actions into its full property lifecycle, from climate risk management, policy, design and enhancement works to operations. As an early supporter of the Task Force on Climate-related Financial Disclosures (TCFD), NWD has developed and implemented Climate Resilience Guidelines integrating various climate mitigation and adaptation measures at various stages of development, including design, major refurbishments and construction activities. Meanwhile, to address demand-side energy use from tenants, the Group launched the Creating Shared Value Lease (CSV Lease), an industry-first tenant engagement initiative with a direct-to-employee incentive programme to scale up the benefits of sustainable operation via innovation and knowledge exchange. Since February 2021, NWD has been committed to the Business Ambition for 1.5°C, a global call to action from the United Nations as well as business leaders for climate change mitigation under the Paris Agreement. With this net-zero commitment, the Company is further answering the SBTi's urgent call for corporate climate action by taking its first step towards developing a net-zero strategy and establishing long-term targets that are aligned with the SBTi's net-zero criteria by end of FY2024. New World Development Founded in 1970, New World Development Company Limited ("The Group", Hong Kong stock code: 00017) was publicly listed in Hong Kong in 1972 and is a constituent stock of the Hong Kong Hang Seng Index. A premium brand infused with a unique personality best defined by The Artisanal Movement, New World Group's core business areas include investment in property and property development, and investment in and/or operation of roads, commercial aircraft leasing, construction, insurance, hotels and other strategic businesses. Its Greater China operations, especially in the Greater Bay Area, had a total asset value of approximately HK$639.7 billion as at 31 December 2021. The Group's two listed companies are NWS Holdings Limited (61%), and New World Department Store China Limited (75%). New World China Land Limited is wholly owned by the Group.
GENEVA, SWITZERLAND - Media OutReach - 24 June 2022 - Recently, TRON released another metaverse game, WIN NFT HERO, in a bid to expand its GameFi territory. Like its predecessor WIN NFT HORSE of the WIN NFT series, this game has been born out of the concerted effort of TRON, APENFT, and WINKLink. TRON has been attracting developers and investors with its high TPS, security, and affordability since its inception. Today, it has become one of the largest public chains in the world, as well as a frontrunner in popular segments such as DeFi, NFT, GameFi, stablecoin, and the cross-chain solution. Statistics for Q2 2022 show that the total number of accounts on the TRON network has exceeded 95 million with the value of on-chain assets once over $54.4 billion. And in May 2022, a new over-collateralized decentralized stablecoin known as USDD was issued by the TRON DAO Reserve, a decentralized reserve initiated by TRON. The TRON ecosystem, flourishing in spite of this crypto winter, is an exact proof of its immense potential. According to available official information, WIN NFT HERO is a 3D cartoon-style turn-based strategy game. It is now in closed beta and only a few loyal players have been randomly selected from the community to be whitelisted for the game. However, we can still catch a glimpse of WIN NFT HERO and how to get involved from its trailer and other disclosed information. The exciting, well-made art, particle effects, and music from the trailer released by the WIN NFT HERO team in late May 2022 indicate the quality of this blockchain game. Also, the background music Fight and Win, which embodies TRON's gaming value "fight against all odds for victory" through the cinematic melody and powerful lyrics, was co-produced by a world-renowned music production team and TRON GameFi team. WIN NFT HERO's trailer has received recognition from the player community upon its release, and the recent UI preview gives us another injection of confidence in the game. Firstly, it is a real "metaverse game". The 3D models have given its art a futuristic touch, and players can control their characters to go on one adventure after another to explore the fantastic virtual world with no restraint. Watch the trailer:https://www.youtube.com/watch?v=v3cEsMIur5c WIN NFT HERO has a content-rich character growth system, allowing players to create different combinations of their heroes' classes, skills, and gear to form a distinctive lineup. The modes it offers, as far as we know, include PvE expeditions, ranked single-player PvP games, multiplayer PvP battles, and adventures, and its metaverse attributes may bring it even more modes based on players' demand. The rise of GameFi can be attributed to blockchain games being able to cure the headaches of the traditional video game sector, such as disputes surrounding the monopoly, asset ownership, and fairness. Backed by the TRON public chain, WIN NFT HERO enables players to own their heroes, equipment, and other NFT assets. Users can trade NFTs in the marketplace after the game goes online. Moreover, the blockchain's high performance and low gas fees give players a lower entry barrier and a smoother trading experience. In the meantime, players who earn rewards by winning battles and completing daily or event tasks can fully feel the charm of Play to Earn. 2021 has witnessed a bullish crypto market along with the rise of GameFi. As of now, the trading volume in GameFi-related coins has reached a cumulative $480 billion, with the player count continuing to climb up. As the metaverse stays under the spotlight of the global capital market, the turf war among public chains in GameFi has also escalated. Whichever leads the GameFi sphere will develop a larger ecosystem in the future. This explains why WIN NFT HERO is now deemed a priority of TRON. It is foreseeable that a new trend will be spurred after the game's debut and WIN NFT HERO will become a must-play for all GameFi players. Having launched its closed beta in May, WIN NFT HERO is going through some final touchups with new progress on the horizon. Let's stay tuned for more exciting opportunities it will have to offer! Follow WIN NFT HERO on social media for the latest updates: Twitter: https://twitter.com/winnfthero Telegram: https://t.me/WINNFTHERO Discord: https://discord.gg/ekC6AVy5xv
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