Small Investors Relentless Short Squeezes

Posted on September 29, 2021 by Admin

Short Squeeze Mania Continues as Camber Stock Increases 733.33% in a Month

The first three quarters of 2021 have been full of unexpected trends, changes, and surprises. At this point, some “oddities” have occurred so frequently that they now could be the new “stock market normal.” One of these trends that investors and traders come across most days is short squeezed stocks. GameStop (GME), AMC (AMC), Bed Bath and Beyond (BBBY), and even silver stocks have had their day. Social
media platforms have been serving as meeting places for investors who share ideas armed with their online trading apps. Often these ideas are in the form of memes. The actions that follow have at times been rough coordinated action to purchase stocks with high short market interest. When the purchasers have enough wherewithal and conviction, they can cause the short sellers to give in. Some hedge funds have taken substantial losses, while some ailing companies have had new life breathed into them with their escalated market cap. The stakes are high.

One new candidate in this “chess game” that takes place between large and small players is Camber Energy (CEI). Over the past month, Camber is up 733%.

About Camber Energy

Camber is an energy company that, like many is transitioning itself to meet the worlds changing energy needs. According to Finviz, $CEI has a short float of nearly 25%. Investors have been betting against the industry and this company through last year. In the case of Camber, many retail investors are now piling into this heavily shorted company. The buying has moved the price from $0.48 a month ago to $4.08 today (September 29).

The question at this point with this meme short squeeze is can Camber Energy succeed to cause short sellers to fold? Many meme stock runups rapidly gained then later faded.

Take-Away

The new stock market normal is that ever since social media forums like r/WallStreetBets discovered they can meet online and crush large short interest stocks, any high short interest could become a target.

As an investor, it’s important to be aware of all the influential groups in the companies on your watch list. In this way you can either navigate around the activity that can disrupt your portfolio, or even follow should your personal evaluation cause you to decide the risk-reward profile fits your tolerance.

Channelchek houses a wealth of information, including detailed research reports on companies that have uncommon upside potential because of their size or stage of growth. Searching a ticker within our database is a practice that could help reinforce your decisions.

Suggested Reading:

The Polarized Opinions Surrounding the GameStop Short Squeeze

Blockchain, Beverages, and Baloney

Seeking Alpha Paywall Causes Frustration

Are Meme Stocks Improving Flawed Markets?

Sources:

https://ir.camber.energy/quote

https://finviz.com/quote.ashx?t=CEI

https://investmentu.com/camber-energy-stock/

https://markets.businessinsider.com/news/stocks/5-short-squeeze-candidates-to-watch-vinco-ventures-camber-energy-katapult-and-more-1030825931

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Voyager Digital Appoints Chief Technology Officer

Posted on September 29, 2021 by Admin

Voyager Digital Appoints Chief Technology Officer

Company’s new CTO, Rakesh Gidwani, to lead platform and system expansion

Voyager Digital Ltd. (“Voyager” or the “Company”) (TSX: VOYG; OTCQX: VYGVF; FRA: UCD2) one of the fastest-growing, publicly traded cryptocurrency platforms in the United States, today announced the appointment of Rakesh Gidwani as the Company’s Chief Technology Officer.

Rakesh joins Voyager from Two Sigma Investments, a technology and data-driven financial services company applying artificial intelligence, machine learning, and distributed computing to investing. At Two Sigma, Rakesh served as Senior Vice President of Engineering, leading the engineering strategy, planning, and technical program management for Two Sigma Investment Management. Rakesh has experience building and scaling high-calibre teams in hyper-growth environments. Over his career, he successfully led engineering teams to deliver eCommerce solutions, high-performance trading systems, financial compliance and risk management systems, and customer-facing websites.

Rakesh will lead the evolution of Voyager’s platform and systems as the Company continues its plans for international expansion and growing to 10+ million customers. He will work closely with Voyager’s CEO Steve Ehrlich, as well as Dan Costantino, Voyager’s Chief Information Security Officer, and Oscar Salazar, Co-founder and advisor to Voyager who served as Uber’s founding Architect and CTO.

“Rakesh is a highly-accomplished engineering leader that we’re excited to have on the Voyager team,” said Steve Ehrlich, Co-founder and CEO of Voyager. “He has a track record from both innovative tech startups and large, established companies, having held senior engineering positions at Goldman Sachs, Morgan Stanley, and Walmart. We welcome Rakesh to our growing team as we position Voyager to expand internationally and add new features to our platform, including traditional financial products and equities.”

Rakesh’s hire is a continuation of Voyager’s accelerated growth as the Company scaled 800% in the past year to currently over 225 full-time employees and executives.

About Voyager Digital Ltd.
Voyager Digital Ltd. (TSX: VOYG; OTCQX: VYGVF; FRA: UCD2) is a fast-growing, publicly traded cryptocurrency platform in the United States founded in 2018 to bring choice, transparency, and cost efficiency to the marketplace. Voyager offers a secure way to trade over 60 different crypto assets using its easy-to-use mobile application, and earn rewards up to 12 percent annually on more than 30 cryptocurrencies. Through its subsidiary Coinify ApS, Voyager provides crypto payment solutions for both consumers and merchants around the globe. To learn more about the company, please visit https://www.investvoyager.com.

The TSX has not approved or disapproved of the information contained herein.

SOURCE Voyager Digital, Ltd.

Press Contacts

Voyager Digital, Ltd.
Michael Legg
Chief Communications Officer
(212) 547-8807
mlegg@investvoyager.com

Voyager Public Relations Team
pr@investvoyager.com

Release – Kratos Receives Approximate $50 Million Single Award Sole Source High Performance Jet Drone System Related IDIQ Contract

Posted on September 29, 2021 by Admin

Kratos Receives Approximate $50 Million, Single Award, Sole Source High Performance Jet Drone System Related IDIQ Contract

SAN DIEGO,
Sept. 29, 2021 (GLOBE NEWSWIRE) —
Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that its
Kratos Unmanned Aerial Systems division (KUAS) has recently received an approximate
$50 million, single award, sole source, high performance jet drone system related Indefinite Delivery, Indefinite Quantity (IDIQ) contract from a
United States Government Agency. KUAS is the industry leader in the rapid design, manufacture and delivery of affordable, high performance jet drone systems. Work under this contract award will be performed as funded task orders are issued by the customer at secure Kratos facilities and customer locations. Due to customer related, competitive, security, and other considerations, no additional information will be provided.

Steve Fendley, President of KUAS, said, “The Kratos team did an outstanding job working in partnership with this critical customer, addressing their needs and requirements and successfully negotiating this single award, sole source IDIQ contract. We expect this contract to be fully funded over the contract’s multi-year period of performance.”

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops and fields transformative, affordable technology, platforms and systems for United States National Security related customers, allies and commercial enterprises. Kratos is changing the way breakthrough technology for these industries are rapidly brought to market through proven commercial and venture capital backed approaches, including proactive research and streamlined development processes. At Kratos, affordability is a technology and we specialize in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, hypersonic systems, training, combat systems and next generation turbo jet and turbo fan engine development. For more information go to www.KratosDefense.com.

Notice Regarding 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 are made on the basis of the current beliefs, expectations and assumptions of the management of Kratos 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 Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos 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 Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended
December 27, 2020, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the
SEC by Kratos.

Press Contact:
Yolanda White
858-812-7302 Direct

Investor Information:
877-934-4687
investor@kratosdefense.com

Source: Kratos Defense & Security Solutions, Inc.

Avivagen Inc. Announces Results for the Third Quarter Ending July 31, 2021

Posted on September 29, 2021 by Admin

Avivagen Inc. Announces Results for the Third Quarter Ending July 31, 2021

• Total of 8 tonnes in orders secured or shipped during the quarter
• Quarter represents more than 43% of 2020 fiscal year

Ottawa, ON /Business Wire/ September 29, 2021/ Avivagen Inc. (TSXV:VIV, OTCQB:VIVXF) (“Avivagen”), a life sciences corporation focused on developing and commercializing products for livestock, companion animal and human applications that safely enhances feed intake and supports immune function, thereby supporting general health and performance, has announced its unaudited financial results for the third quarter of 2021.

“The considerable successes of the past quarter have resulted in arguably the strongest pipeline in Avivagen’s history,” says Kym Anthony, Chief Executive Officer, Avivagen Inc. “We have already begun to deliver on the largest sales volumes in company history, and efforts worldwide are forging high-value relationships with new partners and customers in the Americas and Asia.”

Q3 2021 highlights included:

Total of 8 tonnes in OxC-beta™ orders secured or shipped during the quarter
- Secured a 4.4-tonne order for OxC-beta^TM Livestock from UNAHCO
- Secured a 500 kg order for OxC-beta^TM Livestock from Transformadora
- Shipped 3.5-tonne order from the previously announced 64-tonne recurring order
Moved closer to regulatory approval in Vietnam and China
Leveraging existing experience, initiated search for new distribution partners in North America and other key markets globally

During the quarter Avivagen shipped the first 3.5 tonnes of its previously announced 64 tonne recurring order. However, the revenue on this shipment will be recognized when payment is received, meaning the revenue associated with this shipment is not reflected in the reported Q3 results.

Third Quarter: July 31, 2021, Financial Results

The Company’s unaudited Financial Statements for the third quarter ended July 31, 2021 and the accompanying Management’s Discussion and Analysis have been filed on the System for Electronic Document Analysis and Retrieval and are also available via its website (www.sedar.com). The financial information for the third quarter ended July 31, 2021, should be read in conjunction with the Company’s unaudited Financial Statements as well as its Management’s Discussion and Analysis for the third quarter ended July 31, 2021.

The Company reported revenues of $505,886 ($612,530 in the quarter ending July 31, 2020) and a comprehensive loss of $(1,503,665) for the quarter ending July 31, 2021. This compares to a comprehensive loss in the quarter ending July 31, 2020 of $(787,424).

As at July 31, 2021, the Company reported total assets of $4,865,220 (current assets of $4,569,978), total liabilities of $7,456,993, and shareholders’ deficit of ($2,591,773).

Significant financing inflows during the nine-month ending July 31, 2021, was an offering of 15,000,000 units of the Company at $0.50 per unit for aggregate gross proceeds of $7,500,000. The offering closed on February 16^th, 2021.

Each unit consisted of one common share in the capital of the Company (each a “Common Share”) and one half of one Common Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will be exercisable to acquire one Common Share until February 16, 2024 at an exercise price of $0.75 per share. The net proceeds of the Offering have been and will be used to fund research and development expenses, sales and marketing costs, product registration, interest expense, working capital and general corporate purposes.

About Avivagen

Avivagen is a life sciences corporation focused on developing and commercializing products for livestock, companion animal and human applications that, by safely supporting immune function, promote general health and performance. It is a public corporation traded on the TSX Venture Exchange under the symbol VIV and is headquartered in Ottawa, Canada, based in partnership facilities of the National Research Council of Canada. For more information, visit www.avivagen.com. The contents of the website are expressly not incorporated by reference in this press release.

About OxC-beta™ Technology and OxC-beta™ Livestock

Avivagen’s OxC-beta™ technology is derived from Avivagen discoveries about ?-carotene and other carotenoids, compounds that give certain fruits and vegetables their bright colours. Through support of immune function the technology provides a non-antibiotic means of promoting health and growth. OxC-beta™ Livestock is a proprietary product shown to be an effective and economic alternative to the antibiotics commonly added to livestock feeds. The product is currently available for sale in the United States, Philippines, Mexico, Taiwan, New Zealand, Thailand, Brazil, Australia, and Malaysia.

Avivagen’s OxC-beta™ Livestock product is safe, effective and could fulfill the global mandate to remove all in-feed antibiotics as growth promoters. Numerous international livestock trials with poultry and swine using OxC-beta™ Livestock have proven that the product performs as well as, and, sometimes, in some aspects, better than in-feed antibiotics.

Forward Looking Statements
This news release includes certain forward-looking statements that are based upon the current expectations of management. Forward-looking statements involve risks and uncertainties associated with the business of Avivagen Inc. and the environment in which the business operates. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking, including those identified by the expressions “aim”, “anticipate”, “appear”, “believe”, “consider”, “could”, “estimate”, “expect”, “if”, “intend”, “goal”, “hope”, “likely”, “may”, “plan”, “possibly”, “potentially”, “pursue”, “seem”, “should”, “whether”, “will”, “would” and similar expressions. Statements set out in this news release relating to Avivagen’s pipeline, its expectations as to future growth, demand for products and results, the anticipated future value of relationships being established, the anticipated continuation of shipments to customers based on recurring orders, the planned use of proceeds of the financing discussed above, the possibility for OxC-beta™ Livestock to replace antibiotics in livestock feeds as well as fill a critical need for health support in certain livestock applications where antibiotics are precluded and the size of market opportunities are all forward-looking statements. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. For instance, initial orders may not result in new orders for Avivagen’s products, despite receipt of the purchase order timing, delivery or fulfilment of orders of product could be delayed for a number of reasons, some of which are outside of Avivagen’ s control, which could result in anticipated revenues from such sales being delayed or in the most serious cases eliminated, actions taken by Avivagen’ s customers and factors affecting the business and financial viability of Avivagen’ s customers can have a negative impact on the expectation of future sales and revenues, customer plans may change due to many reasons, demand for Avivagen’s products may not continue to grow and could decline, Avivagen’s products may not gain market acceptance or regulatory approval in new jurisdictions or for new applications and may not be widely accepted as a replacement for antibiotics in livestock feeds, in each case due to many factors, many of which are outside of Avivagen’s control. Readers are referred to the risk factors associated with the business of Avivagen set out in Avivagen’s most recent management’s discussion and analysis of financial condition available at www.SEDAR.com. Except as required by law, Avivagen assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For more information:
Avivagen Inc.

Drew Basek
Director of Investor Relations
100 Sussex Drive, Ottawa, Ontario, Canada K1A 0R6 Phone: 416-540-0733
E-mail: d.basek@avivagen.com

Kym Anthony
Chief Executive Officer
100 Sussex Drive, Ottawa, Ontario, Canada K1A 0R6 Head Office Phone: 613-949-8164
Website: www.avivagen.com

Why 200 Companies Joined Amazons Climate Pledge

Posted on September 29, 2021 by Admin

More Companies Pledge ‘Net-Zero’ Emissions to Fight Climate Change, But What Does That Really Mean?

You’ll probably hear the term “net-zero emissions” a lot over the coming weeks as government leaders and CEOs, under pressure, talk about how they’ll reduce their countries’ or businesses’ impact on climate change. Amazon, for example, just announced that more than 200 companies have now joined its Climate Pledge, committing to reach net-zero emissions by 2040.

This article was republished with permission from The
Conversation, a news site dedicated to sharing ideas from academic experts. It represents the research-based findings and thoughts of
Amrou Awaysheh Assistant Professor of Operations Management and Executive Director, Business Sustainability Lab, Indiana University

But what does net-zero emissions actually mean?

“Zero emissions” – without the “net” caveat – means emitting no greenhouse gases.

“Net-zero emissions” has more wiggle room. It’s like balancing a checkbook. The country or company cuts most of its emissions through efficiency and clean energy, then offsets the rest by removing carbon dioxide from the atmosphere or eliminating emissions elsewhere.

For example, trees absorb carbon dioxide from the air, so they’re often considered “negative emissions.” The tiny Himalayan kingdom of Bhutan can claim net-zero emissions because almost all of its electricity comes from hydropower, and its forests sequester about three times more carbon than its vehicles, factories and other human activities emit.

Companies have another way to claim net-zero emissions – they can take advantage of carbon reductions elsewhere by buying carbon credits. For example, a U.S. company might pay to protect forests in South America and then subtract those trees’ negative emissions from its own emissions to say that its operations are “net-zero.” Other carbon credits support sustainable development projects, such as installing wind or solar power in poorer countries.

But counting on carbon credits also draws criticism, because it allows those companies to keep generating greenhouse gases. Other concerns are that some projects would happen anyway, the emissions reductions might not be permanent or even verifiable, or they might get double-counted by more than one entity. Some projects, like tree planting, can take years to pay off in emissions reductions while the companies buying forest offsets continue emitting greenhouse gases.

Why Does Net-Zero Emissions
Matter?

Greenhouse gases trap heat near Earth’s surface. When their concentrations get too high, they fuel global warming.

In 2015, countries around the world agreed to limit global warming to well under 2 degrees Celsius (3.6 F) compared with preindustrial times, with a goal of 1.5 C (2.7 F). To keep warming under 1.5 C with the least disruption, the United Nations says the world needs to be on a path to reach net-zero emissions by about 2050. To put those temperatures into perspective, global warming today is just over 1 C (1.8 F) above preindustrial levels, and rising seas and extreme weather are already a problem.

Several countries, including the United States, have pledged to meet the goal of net-zero emissions by 2050. But when the U.N. analyzed each country’s commitments under the Paris Agreement in mid-September, it found they still fall short by so much that even if every pledge is met, temperatures will rise about 2.7 C (4.86 F) this century.

Keeping global warming to 1.5 C will require negative greenhouse gas emissions. Climate Analytics and New Climate Institute

How a Company Gets to Net-Zero
Emissions

To see how a company might get to net-zero emissions, let’s imagine a hypothetical company, ChipCo, that makes, packages and distributes potato chips. ChipCo purchases electricity from a local utility to run machinery at its factory. It also has boilers to generate steam to heat the building and for some production processes. And it uses delivery trucks to transport its products to customers. Each step generates greenhouse gas emissions.

To achieve net-zero emissions, ChipCo’s first step is to ramp up energy efficiency. Improvements in insulation and equipment can reduce the amount of energy needed or wasted. A simple example is switching out incandescent light bulbs that use 60 watts of energy with LED bulbs that give off the same brightness, yet consume only 8 watts.

The second step is to switch from fossil fuels – the leading source of human-caused greenhouse gas emissions – to renewable energy, such as solar or wind power, that doesn’t produce greenhouse gas emissions. Once the company’s electricity is renewable, using electric delivery vehicles further cuts emissions.

Homes and office buildings can also be built to net-zero, or carbon-neutral, standards. In that case, the focus is on making them extremely energy-efficient and relying on heating and electricity from clean energy sources.

ChipCo’s third step is finding negative emissions. It might be too expensive or not yet technologically possible for it to replace its steam boiler with a carbon-neutral product. Instead, ChipCo might purchase carbon credits that would remove the same amount of carbon from the atmosphere that would be generated by the boiler.

Companies are increasingly under pressure from governments, activists and their customers, as well as some powerful investors, to cut their emissions.

To tell if a company is taking its responsibilities seriously, look for its action plan and performance so far. A company that announces a net-zero target of 2030 can’t wait until 2029 to take action. There needs to be a consistent trajectory of improvements in energy efficiency and clean energy, not just promises and carbon offsets.

Suggested Reading:

ESG Indicators and How to Use Them

The Advantages of Microcap Equities for Investors

ESG, B Corps, and Investors

Can Mining Be Green and Sustainable?

Stay up to date. Follow us:

Release – Voyager Digital Appoints Chief Technology Officer

Posted on September 29, 2021 by Admin

Voyager Digital Appoints Chief Technology Officer

Company’s new CTO, Rakesh Gidwani, to lead platform and system expansion

The TSX has not approved or disapproved of the information contained herein.

SOURCE Voyager Digital, Ltd.

Press Contacts

Voyager Digital, Ltd.
Michael Legg
Chief Communications Officer
(212) 547-8807
mlegg@investvoyager.com

Voyager Public Relations Team
pr@investvoyager.com

Release – Russ Hauth Retires from Salem and Nic Anderson Takes on Director Government Relations Responsibilities

Posted on September 29, 2021 by Admin

Russ Hauth Retires from Salem and Nic Anderson Takes on Director, Government Relations Responsibilities

IRVING, Texas–(BUSINESS WIRE)– Salem Media Group, Inc. (NASDAQ: SALM) announced today that following a 34-year relationship with Salem, Russ Hauth will retire October 22, 2021. In his time with Salem, Russ served as SVP, heading up National News and Public Affairs. He also served for many years as Executive Director of the National Religious Broadcasters Music License Committee and was Salem’s chief negotiator on music licensing related issues. In more recent years Russ has directed Salem’s Office of Government Relations.

Minneapolis General Manager Nic Anderson will take on Government Relations duties in addition to his continuing role as GM. Nic is active with Minneapolis Broadcasters Association (“MBA”), an active participant in the state leadership conference and in July of this year was hand-selected by the MBA to travel to Washington DC as part of a fly-in where he represented the MBA, Salem, and the National Association of Broadcasters. Nic has a deep passion and talent in this area, and he understands the unique aspects of Salem which impact our strategies and how we communicate inside and outside of the beltway. Plus, “It’s always good to reward talented people inside the company when new opportunities arise,” said David Santrella, Salem’s President of Broadcast Media.

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.

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

Source: Salem Media Group

Release – Avivagen Inc. Announces Results for the Third Quarter Ending July 31 2021

Posted on September 29, 2021 by Admin

Avivagen Inc. Announces Results for the Third Quarter Ending July 31, 2021

• Total of 8 tonnes in orders secured or shipped during the quarter
• Quarter represents more than 43% of 2020 fiscal year

“The considerable successes of the past quarter have resulted in arguably the strongest pipeline in Avivagen’s history,” says Kym Anthony, Chief Executive Officer, Avivagen Inc. “We have already begun to deliver on the largest sales volumes in company history, and efforts worldwide are forging high-value relationships with new partners and customers in the Americas and Asia.”

Q3 2021 highlights included:

Total of 8 tonnes in OxC-beta™ orders secured or shipped during the quarter
- Secured a 4.4-tonne order for OxC-beta^TM Livestock from UNAHCO
- Secured a 500 kg order for OxC-beta^TM Livestock from Transformadora
- Shipped 3.5-tonne order from the previously announced 64-tonne recurring order
Moved closer to regulatory approval in Vietnam and China
Leveraging existing experience, initiated search for new distribution partners in North America and other key markets globally

Third Quarter: July 31, 2021, Financial Results

As at July 31, 2021, the Company reported total assets of $4,865,220 (current assets of $4,569,978), total liabilities of $7,456,993, and shareholders’ deficit of ($2,591,773).

About Avivagen

About OxC-beta™ Technology and OxC-beta™ Livestock

For more information:
Avivagen Inc.

Drew Basek
Director of Investor Relations
100 Sussex Drive, Ottawa, Ontario, Canada K1A 0R6 Phone: 416-540-0733
E-mail: d.basek@avivagen.com

Kym Anthony
Chief Executive Officer
100 Sussex Drive, Ottawa, Ontario, Canada K1A 0R6 Head Office Phone: 613-949-8164
Website: www.avivagen.com

Russ Hauth Retires from Salem and Nic Anderson Takes on Director, Government Relations Responsibilities

Posted on September 29, 2021 by Admin

Russ Hauth Retires from Salem and Nic Anderson Takes on Director, Government Relations Responsibilities

ABOUT SALEM MEDIA GROUP:

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

Source: Salem Media Group

Release – Capstone Green Energy Supports Mexican Commercial and Industrial Sectors Self-Generation Demand with a C800S Microturbine System

Posted on September 29, 2021 by Admin

Capstone Green Energy (NASDAQ:CGRN) Supports Mexican Commercial and Industrial Sector’s Self-Generation Demand with a C800S Microturbine System

Capstone’s Shipped Fleet to Mexico Stands in Excess of 68 Megawatts.

VAN NUYS, CA / ACCESSWIRE / September 29, 2021 / Capstone Green Energy Corporation (www.CapstoneGreenEnergy.com) (NASDAQ:CGRN), a global leader in carbon reduction and on-site resilient green energy solutions, announced today that it has secured an order from DTC Ecoenergía (www.dtc.mx), Capstone’s exclusive distributor for Mexico, for a 5-bay C800 Signature Series microturbine system.

“The demand for high-efficiency cogeneration in Mexico is rapidly growing, due in part to the increase in energy demand and the tightening of environmental policies,” said Alejandro Muñoz, President of DTC Ecoenergía. “The solution offered by DTC through Capstone Green Energy has had an positive reception by the Mexican market, due to its efficiency in reducing polluting emissions, as well as its performance in reducing energy costs. All this translates to environmental and economic savings for users, while obtaining high-quality power and supply reliability.” He added, “We save the environment and our customer’s pockets.”

The agreement increases Capstone’s shipped fleet to Mexico to over 68 Megawatts (MW), of which 58 percent of DTC’s installed fleet is covered under a service contract, and reflects a growing need for reliable, cost-effective energy generation in the country. According to Mexico’s National Electrical System Development Program (Programa de Desarrollo del Sistema Eléctrico Nacional or PRODESEN), Mexico’s total generation capacity as of April 2021 reached 89,479 MW. This represented an increase of 7.6 percent over 2020. Of that amount, a total of 35.5 percent was from clean energy sources (renewable and non-renewable, such as nuclear and efficient cogeneration). Looking ahead, the International Energy Agency predicts that Mexico’s population will grow to over 150 million by 2050, predictably increasing energy demand, particularly in the industrial and commercial sectors, that accounts for 72 percent of overall electricity demand.

One of the core challenges faced by the manufacturing industry is the need for highly reliable energy solutions that not only reduce operational costs and increase reliability but also support sustainability goals. Capstone’s scalable on-site energy efficiency systems are engineered to meet the large electrical and thermal demand requirements of industrial manufacturers, delivering energy independence with higher operational efficiency than the local utility grid. A Combined Heat & Power (CHP) system supported by a five-bay Capstone C800S package is designed to provide both 24/7 reliable and continuous electrical power and thermal energy for processes and operations.

Utilizing the heat by-product from a microturbine allows facilities to reduce emissions and save added costs that would otherwise be required to produce heat or steam in a separate unit. While traditional electricity from the grid with coal and gas-fired plants produces power at 33% efficiency, Capstone CHP systems can reach efficiencies of more than 80%.

“This is an important inflection point for energy companies like Capstone Green Energy that can provide innovative, reliable, distributed power solutions,” said Darren Jamison, President and Chief Executive Officer of Capstone Green Energy. “DTC has been a key partner for Capstone in offering their customers our highly reliable, low-emission technology that not only supports their environmental goals but also helps lower their energy costs while ensuring minimal downtime and production losses,” concluded Mr. Jamison.

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

Why 200 Companies Joined Amazon’s Climate Pledge

Posted on September 29, 2021 by Admin

More Companies Pledge ‘Net-Zero’ Emissions to Fight Climate Change, But What Does That Really Mean?

But what does net-zero emissions actually mean?

“Zero emissions” – without the “net” caveat – means emitting no greenhouse gases.

Why Does Net-Zero Emissions
Matter?

Greenhouse gases trap heat near Earth’s surface. When their concentrations get too high, they fuel global warming.

Keeping global warming to 1.5 C will require negative greenhouse gas emissions. Climate Analytics and New Climate Institute

How a Company Gets to Net-Zero
Emissions

Companies are increasingly under pressure from governments, activists and their customers, as well as some powerful investors, to cut their emissions.

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