Month: August 2021

Release – Capstone Green Energys United Kingdom Integrated Remanufacturing Facility Expands its Global Remanufacturing Training and Support Capabilities

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Capstone Green Energy’s United Kingdom Integrated Remanufacturing Facility Expands its Global Remanufacturing, Training, and Support Capabilities

 

VAN NUYS, CA / ACCESSWIRE / August 16, 2021 / Capstone Green Energy Corporation (www.CapstoneGreenEnergy.com) (NASDAQ:CGRN), formerly Capstone Turbine Corporation (www.capstoneturbine.com) (NASDAQ:CPST) (“Capstone” or the “Company”), announced today the completion of the grid interconnect expansion at the UK Integrated Remanufacturing Facility which allows for the building and testing of Capstone’s C200 engines. Expanding the operations at the UK facility is fundamental for the long term support of Capstone’s established and growing sustainable energy fleet in the EMEA (Europe, Middle East & Africa) region.

Located a short distance south of London and close to UK’s major shipping infrastructure, Capstone’s strategically located Gosport facility plays an increasingly important role in supporting the growth and expansion of the global microturbine fleet, as well as the rental program, which is a critical component of the Company’s Energy as a Service (EaaS) business line. The construction of individual test cells and an increased grid export capacity agreement of 500kW marks a significant milestone in the UK operation’s expanded capability to remanufacture C200 powerheads, in addition to remanufacturing the C200 recuperators.

From an original footprint of 3,000 square feet in 2009 to the current 19,000 square feet expanded facility, the UK operation has evolved from a warehouse for aftermarket parts and hub for field support, to a fully integrated remanufacturing facility capable of serving the EMEA region’s future build requirements for Capstone’s flagship C200 engines. Taking recent possession of the adjacent building also marks the start of a trade-in program for a region with a legacy fleet to upgrade to the more efficient Signature Series product. The added floor space will accommodate a state-of-the-art training suite for in classroom and hands-on training for regional Distributors fulfilling their need to reduce travel costs while staying product-current and maintaining vital coverage.

“Continuing to invest in our UK operation is critical to Capstone’s key objectives to reduce and drive down freight dependency and offset manufacturing costs through our remanufacturing program. In parallel, we are improving response times for all our existing Distributor partners and growing our Energy as a Service (EaaS) business as we expand the global rental fleet,” said Darren Jamison, Capstone’s President and Chief Executive Officer “By adding complex remanufacturing processes, the UK facility now mirrors the Capstone US-based testing facilities. These capabilities will accelerate Capstone’s ability to provide parts and services to EMEA and improve future aftermarket margins” added Mr. Jamison.

“The ability to remanufacture in the UK has proven invaluable for the region, so executing the plan to maximize capability through engine builds and staging rental growth is the next natural step,” said Tracy Chidbachian, Capstone Director of Customer Service. “Led by Jim Newbold, our Director of Global Services, the UK’s highly experienced and talented team plays a vital role in Capstone’s broader support plan and strategic development for the region,” concluded Ms. Chidbachian.

About Capstone Green Energy

Capstone Green Energy (www.CapstoneGreenEnergy.com) (NASDAQ:CGRN) is a leading provider of customized microgrid solutions and on-site energy technology systems focused on helping customers around the globe meet their environmental, energy savings, and resiliency goals. Capstone Green Energy focuses on four key business lines. Through its Energy as a Service (EaaS) business, it offers rental solutions utilizing its microturbine energy systems and battery storage systems, comprehensive Factory Protection Plan (FPP) service contracts that guarantee life-cycle costs, as well as aftermarket parts. Energy Conversion Products are driven by the Company’s industry-leading, highly efficient, low-emission, resilient microturbine energy systems offering scalable solutions in addition to a broad range of customer-tailored solutions, including hybrid energy systems and larger frame industrial turbines. The Energy Storage Products business line designs and installs microgrid storage systems creating customized solutions using a combination of battery technologies and monitoring software. Through Hydrogen Energy Solutions, Capstone Green Energy offers customers a variety of hydrogen products, including the Company’s microturbine energy systems.

For customers with limited capital or short-term needs, Capstone offers rental systems; for more information, contact: rentals@CGRNenergy.com. To date, Capstone has shipped over 10,000 units to 83 countries and estimates that, in FY21, it saved customers over $217 million in annual energy costs and approximately 397,000 tons of carbon. Total savings over the last three years are estimated at 1,115,100 tons of carbon and $698 million in annual energy savings.

For more information about the Company, please visit: www.CapstoneGreenEnergy.com. Follow Capstone Green Energy on Twitter, LinkedIn, Instagram, Facebook, and YouTube.

Cautionary Note Regarding Forward-Looking Statements

This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements regarding expectations for green initiatives and execution on the Company’s growth strategy and other statements regarding the Company’s expectations, beliefs, plans, intentions, and strategies. The Company has tried to identify these forward-looking statements by using words such as “expect,” “anticipate,” “believe,” “could,” “should,” “estimate,” “intend,” “may,” “will,” “plan,” “goal” and similar terms and phrases, but such words, terms and phrases are not the exclusive means of identifying such statements. Actual results, performance and achievements could differ materially from those expressed in, or implied by, these forward-looking statements due to a variety of risks, uncertainties and other factors, including, but not limited to, the following: the ongoing effects of the COVID-19 pandemic; the availability of credit and compliance with the agreements governing the Company’s indebtedness; the Company’s ability to develop new products and enhance existing products; product quality issues, including the adequacy of reserves therefor and warranty cost exposure; intense competition; financial performance of the oil and natural gas industry and other general business, industry and economic conditions; the Company’s ability to adequately protect its intellectual property rights; and the impact of pending or threatened litigation. For a detailed discussion of factors that could affect the Company’s future operating results, please see the Company’s filings with the Securities and Exchange Commission, including the disclosures under “Risk Factors” in those filings. Except as expressly required by the federal securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, changed circumstances or future events or for any other reason.

CONTACT:

Capstone Green Energy
Investor and investment media inquiries:
818-407-3628
ir@CGRNenergy.com

SOURCE: Capstone Green Energy Corporation

Will Inflation and Low Growth Kick Off a Gold Bull Market?

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	Image Credit: Frankieleon (Flickr)


The Beginning of the Road for Gold?

 

With the return of inflation and expected deceleration of economic growth, as measured by gross domestic product (GDP), a growing chorus of commentators are highlighting the risk of stagflation which was last prevalent in the 1970s. Stagflation is generally characterized as a period of declining economic growth, high unemployment, and inflationary pressure. While high unemployment is arguably not present in the current environment, most economists expect a deceleration in GDP growth rates, while inflation has been fueled by accommodative monetary policies and increased fiscal spending to combat the negative economic impacts of COVID-19. Longer-term Treasury yields appear to signal easing inflation, while inflation-adjusted yields are consistent with low economic growth expectations. The jury is still out on whether inflation will prove transitory or whether it will prove more sustainable than the U.S. Treasury Secretary and Federal Reserve Chairman predict.

Building a Stagflation Portfolio

Gold shined as a defensive asset during the stagflationary 1970s, a period characterized by inflation, high unemployment, and poor economic growth. While the current macroeconomic environment differs in many respects from the 1970s, there are similarities, including 1) transitory inflation is proving more persistent than many expected, 2) real economic growth is expected to decelerate, and 3) the labor participation continues to be negatively impacted by COVID concerns, federal unemployment benefits, and mortgage and rental forbearance programs that have been cited as reasons some choose not to enter or re-enter the workforce. The emergence of the delta variant of the coronavirus leads some to think that the economy could move into a stagflation-like period that could limit the Federal Reserve’s options for tightening monetary policy to combat the recent increase in inflation.

The information below was sourced from the U.S. Gold Bureau’s website, which summarizes historical asset class performance during stagflationary periods.

Sources: Bloomberg, Haver Analytics, Rosenberg Research, Incrementum AG

What is notable is gold’s average outperformance during these periods relative to the broader market. While metals underperformed, mining stocks linked to gold and silver could be expected to benefit from gold and silver outperformance. While oil outperformed gold and silver, the transition to alternative energy and lesser reliance by the United States on foreign sources of oil may impact oil’s sensitivity to stagflation.

Take-Away

While stagflation does not appear to be the base case for most economists, investors would be wise to consider how they might position their portfolio if its probability increases. In addition to gold, a stagflationary environment could benefit sectors with pricing power, including energy and materials or sectors that can pass on higher costs to consumers.

 

Suggested Reading:



Metals and Mining Second Quarter 2021 Review and Outlook

COLA Increases in 2022 Likely to Top $68 Billion





Digging Deeper Into Gold Investments

Recycling Li-Ion Batteries Through Bioleaching

 

Sources:

Analysis:
Stagflation? Recession? Bond Market Messages Puzzle Investors, Reuters, Yoruk Bahceli, August 6, 2021.

Stagflation
Portfolio Luring Managers Who Say Time to Act is Now, Reuters, Katherine Greifeld and Vildana Hajric, August 11,2021.

Stagflation
is ‘A Legitimate Risk’ that Would be Painful for U.S. Markets, MarketWatch, Christine Idzelis, July 26, 2021.

New
Coronavirus Wave is Giving Credence to the Risks of a U.S. Stagflation-Like
Scenario, Market Watch, Vivien Lou Chen, August 3, 2021.

Disco
Inferno: The U.S. Could Be Headed Back to ‘70s-Style Stagflation, Barron’s, Randall W. Forsyth, July 16, 2021.

Gold,
Stagflation and a Word About Basel III, United States Gold Bureau, Bill Stack, July 14, 2021.

 

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Comtech Telecommunications Corp. to Showcase 911 Solutions for States and Local Jurisdictions at APCO 2021

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Comtech Telecommunications Corp. to Showcase 911 Solutions for States and Local Jurisdictions at APCO 2021

 

MELVILLE, N.Y.–(BUSINESS WIRE)–Aug. 16, 2021– 
August 16, 2021— 
Comtech Telecommunications Corp. (NASDAQ: CMTL), a global leading provider of next-generation 911 emergency systems and secure wireless communications technologies, announced today that it will be showcasing all of the Company’s Next Generation 911 (“NG911”) solutions 
August 16-17 at the annual 
Association of Public-Safety Communications Officials (“APCO”) Conference & Expo.

With decades of experience, 
Comtech has developed an extensive portfolio of call routing, call handling, location data delivery and text messaging solutions and has strengthened its one-stop-shop NG911 capabilities for states and local jurisdictions. 
Comtech is the only company in the industry offering a one-stop-shop next-generation 911 approach that includes comprehensive in-house capabilities that cross the entire deployment and ongoing systems management.

Located at the 
Henry B. Gonzalez Convention Center in 
San Antonio, TX, 
Comtech invites attendees to visit booth 801, meet its team of 911 industry experts, and learn more about the following:

  • Call Routing and Location Delivery: 
    Comtech designs, implements, and operates secure, highly available, carrier agnostic Emergency Services IP Networks (“ESInets”) across 
    the United States. Our standards-based NG911 Next Generation Core Services (“NGCS”) applications enable end-to-end Internet Protocol (“IP”) call completion and data delivery.
  • Call Handling and Management Solutions: Purpose-built with more than 30 years of research and innovation, Solacom’s Guardian line of 911 solutions are advanced hardware and software technologies trusted to streamline processes and enable a more efficient collection of critical information in emergency situations. Live demonstrations for our industry-leading 911 solutions include Guardian Call Handling, Guardian Map, and our latest workload planning and management application, Guardian Insights.
  • Cybersecurity: Comtech’s cyber solutions include up-skill, re-skill, and training systems to increase the cybersecurity skills of any mission critical workforce or public safety staff. These solutions provide education, hands-on training, and live online knowledge assessment and skills-building programs in all cybersecurity areas.
  • Situational Awareness: Comtech’s situational awareness platform is an in-cloud geospatial solution with real time, contextual, and actionable intelligence for public safety answering points (“PSAPs”) and security agencies. This powerful application collates human and device-generated data into a flexible mapping interface, providing actionable insights into emergency situations for efficient and effective management of crisis situations.
  • Text Messaging Capabilities: 
    Comtech offers multiple options for Text to 911, including an interim web-based solution (“EMedia®”) and Session Initiation Protocol (“SIP”) Message Session Relay Protocol (“MSRP”) connectivity from the 
    Comtech Text Control Center (“TCC”) to PSAPs’ call handling equipment (“CHE”). Additionally, Guardian Text—an integrated, standards-based, full-featured short message service (“SMS”) function for Text to 911 and Text from 911—seamlessly integrates full text management capabilities into our Guardian 911 Call Handling solution and allows call takers to respond quickly and easily.

About Comtech

Comtech Telecommunications Corp. is a leading provider of next-generation 911 emergency systems and critical wireless communication technologies to commercial and government customers around the world. Headquartered in 
Melville, New York and with a passion for customer success, 
Comtech designs, produces and markets advanced and secure wireless solutions to customers in more than 100 countries. For more information, please visit www.comtechtel.com.

Forward-Looking Statements

Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company’s 
Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in such 
Securities and Exchange Commission filings.

Comtech Investor Relations:
631-962-7005
investors@comtech.com

Source: 
Comtech Telecommunications Corp.

Why Walmart Embracing Cryptocurrency is Important

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Walmart’s Blockchain History to Add a New Chapter

 

Walmart seems to be following Amazon in mapping out the most appropriate path to embrace cryptocurrency as a form of payment. Walmart, the number one retailer in the U.S., just ran a LinkedIn ad seeking a director who will “Own and drive the Digital Currency strategy for Walmart.” Crypto traders are viewing this as a further mainstreaming of the asset class, and acceptance as a payment form.

Based on the ad, there is an active search for someone to fill this lead role and the position will be at Walmart HQ in Bentonville, Arkansas. The position as described will be tasked to, “Identify Crypto related investment and partnerships” and “Identify customer needs and translate them into product requirements.”

 

Source: LinkedIn/jobs

Walmart’s Blockchain History

It is unclear at this point whether Walmart’s design and implementation of a digital currency payment solution will involve the use of the current large cryptocurrencies such as Bitcoin. However, the company has been embracing the technology for a while. In August of 2019, Walmart filed an application with the U.S. Patent and Trademark Office. In their application, Walmart was seeking a stablecoin currency “tied to a regular currency.” Other features suggested within the broad patent filing included the ability to replace the need for credit cards with consumers acting as a “pre-approved biometric (e.g., fingerprint or eye pattern) credit.”

Walmart is already using blockchain for tracking products like perishable produce and pharmaceuticals. The retailer has also been investigating various technology use cases, with projects including connecting automated delivery drones.

There are no public updates related to the stablecoin patent application.

 

Take-Away

If the number one and two retailers in the U.S. (Kroger is #3) become open to accepting digital currency and even retaining some in reserve as a strategic asset, the understanding and acceptance of its uses will leap forward for a large part of the population. Together the two firms would be responsible for introducing tens of millions of shoppers to the ledger technology. This may not cause them to understand how or why it serves as a payment method, but it could cause many to drop their fears and adopt crypto payments far quicker than if they had no connection in their day-to-day life.

 

Suggested Reading:



Is Amazon Getting Primed for Cryptocurrencies?

What’s in the Surprise Cryptocurrency Bill





Crypto Mining Gives Mothballed Fossil Fuel Plants New Life

$68 Billion Headed to Senior Citizens

 

Sources:

https://www.linkedin.com/jobs/view/digital-currency-and-cryptocurrency-product-lead-at-walmart-2680351507/

https://www.coindesk.com/walmart-wants-to-patent-a-stablecoin-that-looks-a-lot-like-facebook-libra

https://www.coindesk.com/walmart-explores-blockchain-for-connecting-automated-delivery-drones

 

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Release – Sierra Metals Announces Update Of 10000 Tonnes Per Day Positive Preliminary Economic Assessment Results

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Sierra Metals Announces Update Of 10,000 Tonnes Per Day Positive Preliminary Economic Assessment Results To Now Include Iron Ore Production At Its Bolivar Mine In Mexico

 

TORONTO–(BUSINESS WIRE)– Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS) (“Sierra Metals” or “the Company”) is pleased to report the results of an updated Preliminary Economic Assessment (“PEA”) regarding the Company’s Bolivar Mine, located in Chihuahua State, Mexico to now include iron ore concentrate production.

This PEA report was prepared as a National Instrument 43-101 Technical Report for Sierra Metals Inc. (“Sierra Metals”) by SRK Consulting (Canada) Inc. (“SRK”). The full technical report will be filed on SEDAR within 45 days of this news release.

Highlights of the PEA include:

  • Updated After-tax Net Present Value (NPV): US$361 Million vs. US$283 Million previously at an 8% discount rate
  • The incremental benefit includes iron ore production and increasing production to 10,000 TPD from 5,000 TPD is now estimated to have an after-tax NPV (@8%) of US$78.2 million, an IRR of 69.0% vs. an NPV of US$57.4 million, and an IRR of 27.9% previously reported
  • Net After-tax Cash Flow: US$650 Million vs. US$521 Million previously
  • Life of Mine & Sustaining Capital Cost: US$345 Million
  • Total Operating Unit Cost: US$25.62/tonne and US$1.50/lb copper equivalent
  • Average LOM Copper Grade 0.72%
  • Average LOM Iron Ore Grade 13.5% from ROM ore, 15% from long term residues stockpile
  • Copper Price Assumption US$3.05/lb
  • Iron Ore Concentrate Price Assumption for 62% Fines US$75.90/DMT
  • MineLife: 14 years based on existing Mineral Resource Estimate
  • Life of Mine Copper Payable Production: 551 million pounds

Luis Marchese, CEO of Sierra Metals commented: “I am very encouraged by the results of this updated PEA now including iron ore production. As mentioned in the previous PEA published in October 2020, the value could be further increased by the potential sale of magnetite (iron ore) as a by-product. Today we are happy to report that we are confirming enhanced economics and improving the value of the Bolivar Mine. The economics in this PEA confirms the rationale for approving this project in April of this year, which is proceeding on a fast track basis.

Additional to the iron ore project, the plan is to profitably develop and grow the Bolivar Mine through accelerating staged increases to a production rate of 10,000 TPD in 2024 from today’s capacity of 5,000 TPD, based on current analysts consensus metal price estimates.

We are continuing with our strategy to increase the value of the Company on a per-share basis. This builds upon the demonstrated success we have shown with increases in our mineral resource base and working to improve the throughput at all mines. At the same time, we continue to use best practices to deal with the daily effects of COVID-19 on our workforce and communities. We expect these positive developments to improve profitability further and cash flow for the Company and all shareholders this coming year as well as in the future.”

Mineral Resource Estimate

The property is located in the Piedras Verdes District of Chihuahua State, Mexico, located approximately 250 kilometers southwest of the city of Chihuahua and consists of 14 mineral concessions (6,800 hectares). The Bolivar deposit is a Cu-Zn skarn and is one of many precious and base metal deposits of the Sierra Madre belt, which trends north-northwest across the states of Chihuahua, Durango, and Sonora in northwestern Mexico (Meinert, 2007). Mineralization exhibits strong stratigraphic control, and two stratigraphic horizons host the bulk of the mineralization: an upper calcic horizon, which predominantly hosts Zn-rich mineralization, and a lower dolomitic horizon, which predominantly hosts Cu-rich mineralization. In both cases, the highest grades are developed where structures and associated breccia zones cross these favorable horizons near skarn-marble contacts.

This PEA considers depleted measured, indicated, and inferred resources reported in 2019 by SRK and effective as of December 31, 2019. The results of this PEA shown in Table 1-1 are indicative of conceptual potential and are not definitive.

Table 1-1: Summary of Mineral Resources estimate as reported by SRK,2020(EffectiveDecember 31, 2019)

Class

Tonnes
(Mt)

Ag
(g/t)

Au
(g/t)

Fe
(%)

Cu
(%)

Ag
(M oz)

Au
(k oz)

Cu
(t)

Indicated

19.4

15.1

0.21

13.8

0.77

9.4

127.8

149,116

Inferred

21.4

14.2

0.21

13.5

0.78

9.8

145.6

167,077

Source: SRK, 2020

1) Mineral resources are not mineral reserves and do not have demonstrated economic viability.

2) All figures are rounded to reflect the relative accuracy of the estimates.

3) Mineral resources are reported at a value per tonne cut-off of US$24.25/t using the following
metal prices and recoveries; Cu at US$3.08/t and 88% recovery; Ag at US$17.82/oz and 78.6%
recovery, Au at US$1,354/oz and 62.9% recovery.

Mining Methodology

Bolivar is a producing operation. The primary mining method at Bolivar is underground room and pillar mining. Previous mining at Bolivar has sometimes used lower cost and more productive long hole stope mining in areas where the mineralized zones have a steeper dip angle. The mine plans are to undertake a geotechnical assessment program in 2020/2021 to expand the use of long-hole mining.

Mineral Processing

The Piedras Verdes Plant, located 5.1 kilometers from the Bolivar Mine, uses a conventional crushing-grinding-flotation circuit to recover mineralized ore and produce commercial-quality copper concentrates with silver and gold by-products credits. The mineralized ore is delivered from the mine to the plant in 18-tonne trucks. In addition, the mine is constructing an underground tunnel that will enable mineralized material to be delivered via underground truck transport to a portal adjacent to the mill. This development will eliminate the impact of bad weather on the current surface truck haulage system. In addition, it will provide a lower cost and more reliable method of delivering mineralized material to the plant.

Mineral processing and the recovery of the mineral are demonstrated, and copper, silver and gold recoveries are established at 88%, 78.7% and 62.43%, respectively.

The Piedras Verdes Plant’s current throughput capacity is 5,000 TPD. In line with proposed increases in mine output, the processing capacity at Piedras Verdes will increase to 10,000 TPD in 2024.

A new tailing storage facility (“TSF”) (herein referred to as “New TSF”) is to be located just to the west of the existing facility and has an expected life through 2025. The PEA considers the use of tailings as a backfill and has included the capital and operating costs for a backfill plant. Storing some of the tailings underground would increase the life of the New TSF, and potentially permit the removal of mineralized material pillars that are currently unrecoverable.

The overall Project infrastructure exists already and is functioning and adequate to support the mine and mill.

Economic Analysis

This PEA indicates an after-tax NPV of US$361million (using a discount rate of 8%) at 10,000 TPD (in 2024). The total operating cost for the life of mine is US$1,071 million, equating to a total operating cost of US$25.62 per tonne milled and US$1.50 per pound copper equivalent. Highlights of the PEA are provided in Table 1-2.

Table 1-2: PEA Highlights

Updated PEA Highlights

 

Base case of $1,541/oz Gold, $20.00/oz Silver, $3.05/lb Copper,
Iron Concentrate (62% Fe) $75.90/DMT.

Unit

Value

Net Present Value (After Tax 8% Discount Rate)

US$ M

361

 

 

 

LOM Mill Feed (ROM ore)

Tonnes (Mt)

41.8

LOM Mill Feed (residues stockpile)

Tonnes (Mt)

6.0

Mining Production Rate

t/year

3,600,000

LOM Project Operating Period

Years

14

Total Life of Mine (LoM) Capital Costs

US$ M

345

Net After – Tax Cashflow

US$ M

650

EBITDA

US$ M

1,299

Total Operating Unit Costs

US$/t

25.62

LOM Copper Production (Payable)

Mt

0.25

LOM Gold Production (Payable)

Moz

0.15

LOM Silver Production (Payable)

Moz

12.9

LOM Iron Concentrate Production, 62% Fe (Payable)

Mt

5.7

Quality Control

All technical data contained in this news release has been reviewed and approved by:

Americo Zuzunaga, FAusIMM CP (Mining Engineer) and Vice President of Corporate Planning is a Qualified Person under National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About Sierra Metals

Sierra Metals Inc. is a diversified Canadian mining company focused on the production and development of precious and base metals from its polymetallic Yauricocha Mine in Peru, and Bolivar and Cusi Mines in Mexico. The Company is focused on increasing production volume and growing mineral resources. Sierra Metals has recently had several new key discoveries and still has many more exciting brownfield exploration opportunities at all three Mines in Peru and Mexico that are within close proximity to the existing mines. Additionally, the Company also has large land packages at all three mines with several prospective regional targets providing longer-term exploration upside and mineral resource growth potential.

The Company’s Common Shares trade on the Bolsa de Valores de Lima and on the Toronto Stock Exchange under the symbol “SMT” and on the NYSE American Exchange under the symbol “SMTS”.

For further information regarding Sierra Metals, please visit www.sierrametals.com.

Continue to Follow, Like and Watch our progress:

Web: www.sierrametals.com | Twitter: sierrametals | Facebook: SierraMetalsInc | LinkedIn: Sierra Metals Inc | Instagram: sierrametals

Forward-Looking Statements

This press release contains “forward-looking information” and “forward-looking statements” within the meaning of Canadian and U.S. securities laws (collectively, “forward-looking information“). Forward-looking information includes, but is not limited to, statements with respect to the date of the 2020 Shareholders’ Meeting and the anticipated filing of the Compensation Disclosure. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, “anticipates”, “plans”, “projects”, “estimates”, “assumes”, “intends”, “strategy”, “goals”, “objectives”, “potential” or variations thereof, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking information.

Forward-looking information is subject to a variety of risks and uncertainties, which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, the risks described under the heading “Risk Factors” in the Company’s annual information form dated March 30, 2020 for its fiscal year ended December 31, 2019 and other risks identified in the Company’s filings with Canadian securities regulators and the United States Securities and Exchange Commission, which filings are available at www.sedar.com and www.sec.gov, respectively.

The risk factors referred to above are not an exhaustive list of the factors that may affect any of the Company’s forward-looking information. Forward-looking information includes statements about the future and is inherently uncertain, and the Company’s actual achievements or other future events or conditions may differ materially from those reflected in the forward-looking information due to a variety of risks, uncertainties and other factors. The Company’s statements containing forward-looking information are based on the beliefs, expectations and opinions of management on the date the statements are made, and the Company does not assume any obligation to update such forward-looking information if circumstances or management’s beliefs, expectations or opinions should change, other than as required by applicable law. For the reasons set forth above, one should not place undue reliance on forward-looking information.

Mike McAllister
Vice President, Investor Relations
Sierra Metals Inc.
Tel: +1 (416) 366-7777
Email: info@sierrametals.com

Americo Zuzunaga
Vice President of
Corporate Planning
Sierra Metals Inc.
Tel: +1 (416) 366-7777

Luis Marchese
CEO
Sierra Metals Inc.
Tel: +1 (416) 366-7777

Source: Sierra Metals Inc.

Release – Comtech Telecommunications Corp. Awarded $1.7 Million Contract for COMET Terminals

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Comtech Telecommunications Corp. Awarded $1.7 Million Contract for COMET Terminals

 

MELVILLE, N.Y.–(BUSINESS WIRE)–Aug. 16, 2021– 
August 16, 2021— 
Comtech Telecommunications Corp. (NASDAQ: CMTL), a global leading provider of next-generation 911 emergency systems and secure wireless communications technologies, announced today, that during its fourth quarter of fiscal 2021, a non-
U.S. 
NATO military customer awarded 
Comtech a 
$1.7 million contract for multiple COMET terminals. This represents the second procurement of COMET terminals by a non-
U.S. 
NATO military customer, in additional to the multiple COMET terminals already procured by 
U.S. Special Operations Command (“SOCOM”).

COMET, which stands for 
Compact Over-the-horizon Mobile Expeditionary Terminal, is a rapidly deployable, low power, airline checkable, medium range, OTH microwave troposcatter terminal. COMET is ideally suited for situations where high bandwidth backhaul communications are required, extending critical services into areas where there is no communications infrastructure, or the infrastructure has been destroyed.

“We are extremely pleased to witness the adoption of COMET by 
NATO partner militaries,” said  Fred Kornberg, Chairman of the Board and Chief Executive Officer of 
Comtech Telecommunications Corp. “We sense strong market demand for our COMET terminal and look forward to additional COMET orders in the future, from both 
U.S. military and international customers.”

The contract was awarded to 
Comtech Systems, Inc. (www.comtechsystems.com) which specializes in system design, integration, supply and commissioning of turnkey communication systems including over-the-horizon microwave, line-of-sight microwave, and satellite.

Comtech Telecommunications Corp. is a leading provider of next-generation 911 emergency systems and critical wireless communication technologies to commercial and government customers around the world. Headquartered in 
Melville, New York and with a passion for customer success, 
Comtech designs, produces and markets advanced and secure wireless solutions to customers in more than 100 countries. For more information, please visit www.comtechtel.com.

Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company’s 
Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in such 
Securities and Exchange Commission filings.

Comtech Investor Relations:
631-962-7005
investors@comtech.com

Source: 
Comtech Telecommunications Corp.

Release – Comtech Telecommunications Corp. to Showcase 911 Solutions for States and Local Jurisdictions at APCO 2021

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Comtech Telecommunications Corp. to Showcase 911 Solutions for States and Local Jurisdictions at APCO 2021

 

MELVILLE, N.Y.–(BUSINESS WIRE)–Aug. 16, 2021– 
August 16, 2021— 
Comtech Telecommunications Corp. (NASDAQ: CMTL), a global leading provider of next-generation 911 emergency systems and secure wireless communications technologies, announced today that it will be showcasing all of the Company’s Next Generation 911 (“NG911”) solutions 
August 16-17 at the annual 
Association of Public-Safety Communications Officials (“APCO”) Conference & Expo.

With decades of experience, 
Comtech has developed an extensive portfolio of call routing, call handling, location data delivery and text messaging solutions and has strengthened its one-stop-shop NG911 capabilities for states and local jurisdictions. 
Comtech is the only company in the industry offering a one-stop-shop next-generation 911 approach that includes comprehensive in-house capabilities that cross the entire deployment and ongoing systems management.

Located at the 
Henry B. Gonzalez Convention Center in 
San Antonio, TX, 
Comtech invites attendees to visit booth 801, meet its team of 911 industry experts, and learn more about the following:

  • Call Routing and Location Delivery: 
    Comtech designs, implements, and operates secure, highly available, carrier agnostic Emergency Services IP Networks (“ESInets”) across 
    the United States. Our standards-based NG911 Next Generation Core Services (“NGCS”) applications enable end-to-end Internet Protocol (“IP”) call completion and data delivery.
  • Call Handling and Management Solutions: Purpose-built with more than 30 years of research and innovation, Solacom’s Guardian line of 911 solutions are advanced hardware and software technologies trusted to streamline processes and enable a more efficient collection of critical information in emergency situations. Live demonstrations for our industry-leading 911 solutions include Guardian Call Handling, Guardian Map, and our latest workload planning and management application, Guardian Insights.
  • Cybersecurity: Comtech’s cyber solutions include up-skill, re-skill, and training systems to increase the cybersecurity skills of any mission critical workforce or public safety staff. These solutions provide education, hands-on training, and live online knowledge assessment and skills-building programs in all cybersecurity areas.
  • Situational Awareness: Comtech’s situational awareness platform is an in-cloud geospatial solution with real time, contextual, and actionable intelligence for public safety answering points (“PSAPs”) and security agencies. This powerful application collates human and device-generated data into a flexible mapping interface, providing actionable insights into emergency situations for efficient and effective management of crisis situations.
  • Text Messaging Capabilities: 
    Comtech offers multiple options for Text to 911, including an interim web-based solution (“EMedia®”) and Session Initiation Protocol (“SIP”) Message Session Relay Protocol (“MSRP”) connectivity from the 
    Comtech Text Control Center (“TCC”) to PSAPs’ call handling equipment (“CHE”). Additionally, Guardian Text—an integrated, standards-based, full-featured short message service (“SMS”) function for Text to 911 and Text from 911—seamlessly integrates full text management capabilities into our Guardian 911 Call Handling solution and allows call takers to respond quickly and easily.

About Comtech

Comtech Telecommunications Corp. is a leading provider of next-generation 911 emergency systems and critical wireless communication technologies to commercial and government customers around the world. Headquartered in 
Melville, New York and with a passion for customer success, 
Comtech designs, produces and markets advanced and secure wireless solutions to customers in more than 100 countries. For more information, please visit www.comtechtel.com.

Forward-Looking Statements

Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company’s 
Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in such 
Securities and Exchange Commission filings.

Comtech Investor Relations:
631-962-7005
investors@comtech.com

Source: 
Comtech Telecommunications Corp.

Release – Gevo Releases IMPACT an Environmental Social and Corporate Governance Report

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Gevo Releases IMPACT, an Environmental, Social, and Corporate Governance (ESG) Report; Strengthening its Commitment to Transparency and Accountability

 

ENGLEWOOD, Colo., Aug. 16, 2021 (GLOBE NEWSWIRE) — Gevo, Inc. (NASDAQ: GEVO) has published IMPACT, a sustainability report which demonstrates Gevo’s mission to be transparent on its environmental, social, and corporate governance (ESG) performance. In addition to disclosing Gevo’s progress in 2020 and goals for the future, IMPACT shares details about Gevo’s holistic approach to commercializing high-value nutritional products and groundbreaking energy-dense, renewable transportation fuels. The report demonstrates Gevo’s environmental stewardship, workplace culture and social inclusivity, and internal leadership. It also fosters a deeper understanding of stakeholder needs, generates opportunities for long-term sustainable capital, and bolsters a drive for continuous improvement.

Gevo’s Chief Executive Officer, Dr. Patrick Gruber, has expressed his support for this progressive and comprehensive sustainability report: “We have a way of transforming renewable energy into energy-dense liquids. As we do that, we pay attention to the whole picture; we intend to track it, make it incredibly transparent. The ESG report is an important part of that effort. It’s also about our employees. We care about diversity in our workforce and bringing in the best skill sets we possibly can across the board. We are going to be a global company, and so for us, it’s incredibly important to build up our diversity in our workforce.”

IMPACT forecasts an exciting future for Gevo. In conjunction with Gevo’s pledge to reduce greenhouse gas (GHG) emissions for customers, the company is passionate about lowering the carbon footprint of internal systems and products. IMPACT also demonstrates the Board of Directors’ strong governance role in the effort to fight climate change. Gevo believes its technology and systems approach will improve the environment and deliver social benefits to the wider world and IMPACT provides a greater perspective on how the company plans to deliver those benefits.

To view the full IMPACT report, please visit: https://gevo.com/impact-2020/

About Gevo

Gevo is commercializing the next generation of gasoline, jet fuel and diesel fuel with the potential to achieve zero carbon emissions, addressing the market need of reducing greenhouse gas emissions with sustainable alternatives. Gevo uses low-carbon renewable resource-based carbohydrates as raw materials and is in an advanced state of developing renewable electricity and renewable natural gas for use in production processes, resulting in low-carbon fuels with substantially reduced carbon intensity (the level of greenhouse gas emissions compared to standard petroleum fossil-based fuels across their lifecycle). Gevo’s products perform as well or better than traditional fossil-based fuels in infrastructure and engines, but with substantially reduced greenhouse gas emissions. In addition to addressing the problems of fuels, Gevo’s technology also enables certain plastics, such as polyester, to be made with more sustainable ingredients. Gevo’s ability to penetrate the growing low-carbon fuels market depends on the price of oil and the value of abating carbon emissions that would otherwise increase greenhouse gas emissions. Gevo believes that its proven, patented technology enabling the use of a variety of low-carbon sustainable feedstocks to produce price-competitive low carbon products such as gasoline components, jet fuel, and diesel fuel yields the potential to generate project and corporate returns that justify the build-out of a multi-billion-dollar business. Learn more at www.gevo.com.

About ESG Reporting

According to NASDAQ’s ESG reporting guides, ESG generally refers to “a broad set of environmental, social and corporate governance considerations that may impact a company’s ability to execute its business strategy and create value over the long term,” and ESG reports are a vital and progressive tool for assessing publicly-traded companies. Since 2011, there has been a dramatic increase in sustainable reporting from corporate entities. In its 2020 analysis, the Governance & Accountability Institute (G&A) found that 90% of companies in the S&P 500 published an ESG report. This illustrates an increased demand from both investors and business leaders for transparency, safety, and fairness in the corporate sector.

IMPACT provides qualitative examples for relevant topics in the United Nations (UN) Sustainable Development Goals (SDG). The contents are also informed by the Sustainability Accounting Standards Board (SASB) Biofuels Industry Standard and the SASB Agricultural Products Industry Standard. Gevo continues to assess stakeholders’ interest in other frameworks such as the Task Force on Climate-related Financial Disclosures (TCFD) and may expand said reporting in the future. Unless otherwise noted, the report discloses activities and results for operated assets from January 1, 2020, to December 31, 2020.

Forward-Looking Statements

Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to a variety of matters, without limitation, including the publication of Gevo’s ESG report, the statements contained in Gevo’s ESG report, Gevo’s sustainability practices, Gevo’s products, Gevo’s technology, and other statements that are not purely statements of historical fact. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Gevo and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Gevo undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Gevo believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Gevo in general, see the risk disclosures in the Annual Report on Form 10-K of Gevo for the year ended December 31, 2020, and in subsequent reports on Forms 10-Q and 8-K and other filings made ith the U.S. Securities and Exchange Commission by Gevo.

Investor and Media Contact
IR@gevo.com
+1 720-647-9605

Release – Salem Media Announces Promotion of Jamie Cohen

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Salem Media Announces Promotion of Jamie Cohen

 

IRVING, Texas–(BUSINESS WIRE)– Salem Media Group, Inc. (NASDAQ: SALM) announced today that Jamie Cohen has been promoted to Senior Vice President, Broadcast Digital. In his new role Jamie will oversee all aspects of the digital operations for Salem’s local and National/Network digital efforts. “Jamie has done a tremendous job building Salem’s digital enterprise for our local stations. Overseeing all aspects of our digital operations, both locally and nationally, will open more channels of opportunity and unify our efforts in reaching our audiences through digital avenues and monetizing our digital assets,” said Dave Santrella, Salem’s Broadcast Media President.

Jamie said, “I’m proud of the progress we’ve made and am bullish on our future. With the emergence of platforms like Salem Now, the Salem Podcast Network and other innovations, our audience has never been bigger. We have an amazing opportunity ahead of us and I can’t think of a better place to be.”

ABOUT SALEM MEDIA GROUP:

Salem Media Group is America’s leading multimedia company specializing in Christian and conservative content, with media properties comprising radio, digital media and book and newsletter publishing. Each day Salem serves a loyal and dedicated audience of listeners and readers numbering in the millions nationally. With its unique programming focus, Salem provides compelling content, fresh commentary and relevant information from some of the most respected figures across the Christian and conservative media landscape. Learn more about Salem Media Group, Inc. at www.salemmedia.com, Facebook and Twitter.

Company Contact:
Evan D. Masyr
Executive Vice President and Chief
Financial Officer
(805) 384-4512
evan@salemmedia.com

Source: Salem Media Group, Inc.

Helius Medical Technologies (HSDT)(HSM:CA) – Reports 2Q21 Results U.S. Efforts Ongoing

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Monday, August 16, 2021

Helius Medical Technologies (HSDT)(HSM:CA)
Reports 2Q21 Results; U.S. Efforts Ongoing

Helius Medical Technologies is a neurotech company focused on neurological wellness. The Company’s purpose is to develop, license and acquire unique and non-invasive platform technologies that amplify the brain’s ability to heal itself. The Company’s first commercial product is the Portable Neuromodulation Stimulator (PoNSTM). For more information, visit www.heliusmedical.com.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    2Q21 Results. Canadian COVID related restrictions continue to impact Helius operating results. Helius reported 2Q revenue of $71,000 down from $84,000 in 1Q21. Net loss for the quarter including $2.6 million of stock-based compensation expense was $6.0 million, or $2.58 per share, compared to a net loss of $3.6 million, or $2.90 per share last year. We had forecast revenue of $90,000 and a net loss of $3.6 million, or $1.53 per share.

    U.S. Commercialization Efforts Ongoing. Helius continues to develop a plan for U.S. commercialization of the PoNS Treatment. The Company recently hired a new VP of Sales & Marketing for North America, Fred Fantazzia, an expert in developing the market for new neuromodulation technologies. State approvals rose to 43 from 24 at the end of 1Q21. The Company has refined its initial target market to 10 …



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Salem Media Announces Promotion of Jamie Cohen

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Salem Media Announces Promotion of Jamie Cohen

 

IRVING, Texas–(BUSINESS WIRE)– Salem Media Group, Inc. (NASDAQ: SALM) announced today that Jamie Cohen has been promoted to Senior Vice President, Broadcast Digital. In his new role Jamie will oversee all aspects of the digital operations for Salem’s local and National/Network digital efforts. “Jamie has done a tremendous job building Salem’s digital enterprise for our local stations. Overseeing all aspects of our digital operations, both locally and nationally, will open more channels of opportunity and unify our efforts in reaching our audiences through digital avenues and monetizing our digital assets,” said Dave Santrella, Salem’s Broadcast Media President.

Jamie said, “I’m proud of the progress we’ve made and am bullish on our future. With the emergence of platforms like Salem Now, the Salem Podcast Network and other innovations, our audience has never been bigger. We have an amazing opportunity ahead of us and I can’t think of a better place to be.”

ABOUT SALEM MEDIA GROUP:

Salem Media Group is America’s leading multimedia company specializing in Christian and conservative content, with media properties comprising radio, digital media and book and newsletter publishing. Each day Salem serves a loyal and dedicated audience of listeners and readers numbering in the millions nationally. With its unique programming focus, Salem provides compelling content, fresh commentary and relevant information from some of the most respected figures across the Christian and conservative media landscape. Learn more about Salem Media Group, Inc. at www.salemmedia.com, Facebook and Twitter.

Company Contact:
Evan D. Masyr
Executive Vice President and Chief
Financial Officer
(805) 384-4512
evan@salemmedia.com

Source: Salem Media Group, Inc.

Gevo Inc. (GEVO) – Net Zero One Engineering and RNG Plant Moving Ahead

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Monday, August 16, 2021

Gevo, Inc. (GEVO)
Net Zero One Engineering and RNG Plant Moving Ahead

Gevo Inc is a renewable chemicals and biofuels company engaged in the development and commercialization of alternatives to petroleum-based products based on isobutanol produced from renewable feedstocks. Its operating segments are the Gevo segment and the Gevo Development/Agri-Energy segment. By its segments, it is involved in research and development activities related to the future production of isobutanol, including the development of its biocatalysts, the production and sale of biojet fuel, its Retrofit process and the next generation of chemicals and biofuels that will be based on its isobutanol technology. Gevo Development/Agri-Energy is the key revenue generating segment which involves the operation of the Luverne Facility and production of ethanol, isobutanol and related products.

Poe Fratt, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    EBITDA losses continued in 2Q2021, but cash higher due to RNG plant financing. Given the stage of development of the renewable fuels concept, it isn’t surprising that EBTDA was negative $17.1 million due to higher development costs. We expect negative EBITDA to continue into at least next year. Cash increased $567 million from $525 million in 1Q2021 due to RNG debt financing of $69 million which was partially offset by the quarterly cash burn.

    RNG plant financed and under construction.  BP identified as the customer. In 2Q2021, 1.5% debt financing of $69 million for the renewable natural gas (RNG) plant in NE Iowa was finalized. Construction began and capex will be reimbursed from funds held in trust over the next three quarters. BP is the customer, which is a positive …



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Gevo Releases IMPACT, an Environmental, Social, and Corporate Governance (ESG) Report; Strengthening its Commitment to Transparency and Accountability

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Gevo Releases IMPACT, an Environmental, Social, and Corporate Governance (ESG) Report; Strengthening its Commitment to Transparency and Accountability

 

ENGLEWOOD, Colo., Aug. 16, 2021 (GLOBE NEWSWIRE) — Gevo, Inc. (NASDAQ: GEVO) has published IMPACT, a sustainability report which demonstrates Gevo’s mission to be transparent on its environmental, social, and corporate governance (ESG) performance. In addition to disclosing Gevo’s progress in 2020 and goals for the future, IMPACT shares details about Gevo’s holistic approach to commercializing high-value nutritional products and groundbreaking energy-dense, renewable transportation fuels. The report demonstrates Gevo’s environmental stewardship, workplace culture and social inclusivity, and internal leadership. It also fosters a deeper understanding of stakeholder needs, generates opportunities for long-term sustainable capital, and bolsters a drive for continuous improvement.

Gevo’s Chief Executive Officer, Dr. Patrick Gruber, has expressed his support for this progressive and comprehensive sustainability report: “We have a way of transforming renewable energy into energy-dense liquids. As we do that, we pay attention to the whole picture; we intend to track it, make it incredibly transparent. The ESG report is an important part of that effort. It’s also about our employees. We care about diversity in our workforce and bringing in the best skill sets we possibly can across the board. We are going to be a global company, and so for us, it’s incredibly important to build up our diversity in our workforce.”

IMPACT forecasts an exciting future for Gevo. In conjunction with Gevo’s pledge to reduce greenhouse gas (GHG) emissions for customers, the company is passionate about lowering the carbon footprint of internal systems and products. IMPACT also demonstrates the Board of Directors’ strong governance role in the effort to fight climate change. Gevo believes its technology and systems approach will improve the environment and deliver social benefits to the wider world and IMPACT provides a greater perspective on how the company plans to deliver those benefits.

To view the full IMPACT report, please visit: https://gevo.com/impact-2020/

About Gevo

Gevo is commercializing the next generation of gasoline, jet fuel and diesel fuel with the potential to achieve zero carbon emissions, addressing the market need of reducing greenhouse gas emissions with sustainable alternatives. Gevo uses low-carbon renewable resource-based carbohydrates as raw materials and is in an advanced state of developing renewable electricity and renewable natural gas for use in production processes, resulting in low-carbon fuels with substantially reduced carbon intensity (the level of greenhouse gas emissions compared to standard petroleum fossil-based fuels across their lifecycle). Gevo’s products perform as well or better than traditional fossil-based fuels in infrastructure and engines, but with substantially reduced greenhouse gas emissions. In addition to addressing the problems of fuels, Gevo’s technology also enables certain plastics, such as polyester, to be made with more sustainable ingredients. Gevo’s ability to penetrate the growing low-carbon fuels market depends on the price of oil and the value of abating carbon emissions that would otherwise increase greenhouse gas emissions. Gevo believes that its proven, patented technology enabling the use of a variety of low-carbon sustainable feedstocks to produce price-competitive low carbon products such as gasoline components, jet fuel, and diesel fuel yields the potential to generate project and corporate returns that justify the build-out of a multi-billion-dollar business. Learn more at www.gevo.com.

About ESG Reporting

According to NASDAQ’s ESG reporting guides, ESG generally refers to “a broad set of environmental, social and corporate governance considerations that may impact a company’s ability to execute its business strategy and create value over the long term,” and ESG reports are a vital and progressive tool for assessing publicly-traded companies. Since 2011, there has been a dramatic increase in sustainable reporting from corporate entities. In its 2020 analysis, the Governance & Accountability Institute (G&A) found that 90% of companies in the S&P 500 published an ESG report. This illustrates an increased demand from both investors and business leaders for transparency, safety, and fairness in the corporate sector.

IMPACT provides qualitative examples for relevant topics in the United Nations (UN) Sustainable Development Goals (SDG). The contents are also informed by the Sustainability Accounting Standards Board (SASB) Biofuels Industry Standard and the SASB Agricultural Products Industry Standard. Gevo continues to assess stakeholders’ interest in other frameworks such as the Task Force on Climate-related Financial Disclosures (TCFD) and may expand said reporting in the future. Unless otherwise noted, the report discloses activities and results for operated assets from January 1, 2020, to December 31, 2020.

Forward-Looking Statements

Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to a variety of matters, without limitation, including the publication of Gevo’s ESG report, the statements contained in Gevo’s ESG report, Gevo’s sustainability practices, Gevo’s products, Gevo’s technology, and other statements that are not purely statements of historical fact. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Gevo and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Gevo undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Gevo believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Gevo in general, see the risk disclosures in the Annual Report on Form 10-K of Gevo for the year ended December 31, 2020, and in subsequent reports on Forms 10-Q and 8-K and other filings made ith the U.S. Securities and Exchange Commission by Gevo.

Investor and Media Contact
IR@gevo.com
+1 720-647-9605