Month: December 2021

Capstone Green Energy (NASDAQ:CGRN) to Provide its 600kW Energy Solution System to a Food Processing Facility in Mali

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Capstone Green Energy (NASDAQ:CGRN) to Provide its 600kW Energy Solution System to a Food Processing Facility in Mali

Research, News, and Market Data on Capstone Green Energy

 

On-site Power System Will Be Less Expensive, More Reliable & More Environmentally Friendly

VAN NUYS, CA / ACCESSWIRE / December 29, 2021 / Capstone Green Energy Corporation (www.CapstoneGreenEnergy.com) (NASDAQ:CGRN), (“Capstone,” the “Company,” “we” or “us”), a global leader in carbon reduction and on-site resilient green energy solutions, today announced that it has received an order for a 600 kilowatt (kW), C600S energy solution system, to be installed at a remote food processing facility in Bamako, Mali. The order was secured through the Capstone Green Energy Direct Sales Solutions Team. The system, which will provide power to the site’s all-electric equipment, is expected to be commissioned in May 2022.

Like many land-locked countries, Mali relies on expensive, “dirty,” fuels like diesel and heavy fuel oil. By contrast, the Capstone energy system will use liquefied petroleum gas (LPG), which is a less expensive and more environmentally-friendly fuel alternative.

“This project serves as a model for other industrial customers and power companies, showing they can quickly benefit from LPG as an alternative fuel,” said Gorgui Ndoye, Business Development Director for Capstone Green Energy. “There is growing interest in LPG in many regions around the globe, especially in Africa, South America, the Caribbean, and some parts of Asia, where availability of the fuel has increased significantly in the past ten years.”

Since Capstone microturbine green energy systems are highly reliable, the on-site system will also address issues of load shedding and blackouts the facility currently experiences with utility power. They also require very little maintenance compared to other on-site power technologies like diesel generators, which further improves power availability and cost savings.

“Food manufacturing facilities have among the greatest need for power reliability since outages can cause spoilage and lost product,” said Darren Jamison, Chief Executive Officer of Capstone Green Energy. “That added operational security plus the significant cost savings in fuel can have a major positive impact on a company’s bottom line. When the cleaner fuel and low emissions impact are also factored in, the benefits of microturbine-based, on-site power generation are undeniable.”

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 Generation Technologies (EGT) 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 Solutions (ESS) business line designs and installs microgrid storage systems creating customized solutions using a combination of battery technologies and monitoring software. Through Hydrogen & Sustainable Products (H2S), 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 to be approximately $698 million in energy savings and approximately 1,115,100 tons of carbon 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

Attend Paris Hiltons Metaverse NYE Party

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	Image Credit: J-No (Flickr)

A Metaverse Roblox Island New Year’s Eve Party With Paris Hilton

 

One of the most recent “residents” of the metaverse is Paris Hilton. The former reality TV star created “Paris World” on Roblox and will be hosting a free metaverse party where she will be one of the DJs. The event comes at a time when people are canceling their in-person party plans. It ought to bring a high level of attention to the potential of metaverse platforms and their ability to bring people together virtually to meet and play.

The 40-year-old great-granddaughter of Conrad Hilton, the founder of Hilton Hotels, created her own “Roblox” island, capturing aspects of her life as a socialite and elite personality, thus the name “Paris World.” On New Year’s Eve, Hilton will help anyone who comes to her event, ring in the New Year. She will even spin a set as a DJ, as she has in real-world settings in China, Ibiza, and Dubai. The island is more than just fun, it is also one of Paris Hilton’s businesses.

What
Can Partygoers Expect?

According to Reuters, “Paris World” invites a look into the glamorous lifestyle of the 40-year-old *heiress. The setting centers on her Beverly Hills estate, California life, and her 2021 wedding at the Santa Monica Pier that had a carnival theme. Hilton’s Beverly Hills estate and dogs also appear on the island.

How to Get to the Party

Paris hilton
Image Credit: J-No

“Paris World” is found in Roblox. Users can log in and search the island created by the socialite. Entry is free, but it is a business, and there is merchandise for sale. You may just go to just party, “window shop,” or perhaps find something to buy and make the experience incredibly unique. Some of the premium merchandise for sale include Hilton’s designed metaverse apparel for your avatar, pink jet ski rentals, and Hilton-designed NFTs, all for purchase through virtual transactions.

Hilton said her metaverse party is her way of giving people the ability to have experiences they might not be able to have in their real-world lives. “Not everybody gets to experience that,” she’s reported to have said. “So that’s what we’ve been working together on over the past year–giving them all my inspirations for what I want in the world.”

The metaverse and its shared reality is still in its infancy. Many compare it to the internet in the late 1980s, and television in the 1950s. Famous personalities may be helping to jumpstart attention to this young medium. In the past, Hilton has been known to provide entertainment by bringing you into her life. The TV show The Simple Life was among the first reality TV shows and emphasized her personality. The metaverse Roblox island now takes it several steps further where we can all virtually be at Hilton’s mansion and ringing in the new year. 

Paul Hoffman

Managing Editor, Channelchek

 

* Paris Hilton isn’t heiress, but there isn’t much of a fortune for her to inherit. The Hilton fortune is massive—around $4.5 billion, according to Reuters. But Paris’ grandfather, Barron Hilton, announced his plans to donate 97% of his money to charity back in 2004. Split evenly, Paris would get $5.6 million.

 

Suggested Reading:



Expanded Blockchain Adoption and Adaptation in 2022

Making Sense of Non-Fungible Tokens – Living in a Digital World





Why the Metaverse Matters

Fractional NFTs, Metaverse-Museums, and Crypto-Brokers

 

 

Sources:

https://www.reuters.com/business/media-telecom/us-reality-tv-star-paris-hilton-launches-metaverse-business-roblox-2021-12-28/

https://www.womenshealthmag.com/life/a37234109/paris-hilton-net-worth/#:~:text=Paris%20might%20be%20an%20heiress,to%20charity%20back%20in%202004.&text=Split%20evenly%2C%20Paris%20would%20get%20%245.6%20million.

https://seekingalpha.com/market-news/top-news

 

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Salem Media Group’s Chicago Station AM 560 Restructures News and Traffic Operations with Market Veterans

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Salem Media Group’s Chicago Station AM 560 Restructures News and Traffic Operations with Market Veterans

Research, News, and Market Data on Salem Media

 

IRVING, Texas–(BUSINESS WIRE)– Salem Media Group, Inc. (NASDAQ: SALM) announced today that its Chicago, Illinois station AM 560 The Answer will begin 2022 with an overhaul of its news and traffic operations. For the past 17 years, Mike Scott has anchored newscasts on the station between 5am and noon each weekday. Scott appeared on the station through an agreement between AM 560 and Total Traffic and Weather Network and NBC News Radio. That agreement is not being renewed when it expires at the end of the year.

Effective January 1, 2022, Mike Scott will transition into a full-time position with AM 560 as News Director where he’ll continue to anchor newscasts and will begin handling traffic reporting duties, as well.

“I’m incredibly gratified to be able to continue in my role on the air with AM 560 and Salem Media,” Scott said. “We have some of the best listeners in all of Chicago radio and some of the best on-air talent. I look forward to providing the first look at the day’s news for our audience.”

In addition to continuing in his role on the air with AM 560, Scott will also assume anchoring duties for the Salem Podcast Network’s Daybreak Insider Podcast, which launched in September of 2021.

During his time with AM 560 in Chicago, Scott has also anchored newscasts for Salem’s WWTC-AM 1280 The Patriot in Minneapolis. He previously served as the Chicago City Hall reporter for MetroSource news, beginning in 1999.

Additionally, JoAnn Genette will join AM 560 as an afternoon news anchor through an agreement with Remote News Service. Genette will anchor weekday afternoon newscasts through 6:30pm. Genette has been heard on a number of Chicago stations, including WLIT-FM, WLS-FM, WLS-AM, WBBM-AM, and WKSC-FM, where she was heard in mornings and served as the station’s Public Affairs Director for seven years.

“I’m very excited to have this new role at AM 560 The Answer,” Genette said. “It’s a great fit for me. I’ve always understood the most important element of news is recognizing real people’s lives are attached to these stories.”

Another new addition to AM 560 will be longtime Chicago traffic reporter Jill Urchak who will begin handling afternoon traffic reports. Urchak has spent close to 25 years as a traffic reporter in Chicago, including WGN-AM, WBBM-AM, WSCR-AM, and WLUP-FM, as well as WBBM-TV.

“A big thanks to the management of AM 560 for making me part of their fantastic radio station,” said Urchak. “I look forward to the journey and the opportunities that come with it. I’m super excited!”

“News and traffic are cornerstone elements for our format and for our radio station,” said Jeff Reisman, regional vice president and general manager of AM 560. “Keeping Mike Scott on our team while also adding Joann and Jill solidifies our commitment to serve our audience. We have a team of veteran broadcasters with experience and insight that our listeners can trust.”

AM 560 The Answer is owned and operated by Salem Media Group.

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.

Jeff Reisman
847-472-8921
jreisman@salemradiochicago.com

Source: Salem Media Group, Inc.

Release – Salem Media Groups Chicago Station AM 560 Restructures News and Traffic Operations with Market Veterans

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Salem Media Group’s Chicago Station AM 560 Restructures News and Traffic Operations with Market Veterans

Research, News, and Market Data on Salem Media

 

IRVING, Texas–(BUSINESS WIRE)– Salem Media Group, Inc. (NASDAQ: SALM) announced today that its Chicago, Illinois station AM 560 The Answer will begin 2022 with an overhaul of its news and traffic operations. For the past 17 years, Mike Scott has anchored newscasts on the station between 5am and noon each weekday. Scott appeared on the station through an agreement between AM 560 and Total Traffic and Weather Network and NBC News Radio. That agreement is not being renewed when it expires at the end of the year.

Effective January 1, 2022, Mike Scott will transition into a full-time position with AM 560 as News Director where he’ll continue to anchor newscasts and will begin handling traffic reporting duties, as well.

“I’m incredibly gratified to be able to continue in my role on the air with AM 560 and Salem Media,” Scott said. “We have some of the best listeners in all of Chicago radio and some of the best on-air talent. I look forward to providing the first look at the day’s news for our audience.”

In addition to continuing in his role on the air with AM 560, Scott will also assume anchoring duties for the Salem Podcast Network’s Daybreak Insider Podcast, which launched in September of 2021.

During his time with AM 560 in Chicago, Scott has also anchored newscasts for Salem’s WWTC-AM 1280 The Patriot in Minneapolis. He previously served as the Chicago City Hall reporter for MetroSource news, beginning in 1999.

Additionally, JoAnn Genette will join AM 560 as an afternoon news anchor through an agreement with Remote News Service. Genette will anchor weekday afternoon newscasts through 6:30pm. Genette has been heard on a number of Chicago stations, including WLIT-FM, WLS-FM, WLS-AM, WBBM-AM, and WKSC-FM, where she was heard in mornings and served as the station’s Public Affairs Director for seven years.

“I’m very excited to have this new role at AM 560 The Answer,” Genette said. “It’s a great fit for me. I’ve always understood the most important element of news is recognizing real people’s lives are attached to these stories.”

Another new addition to AM 560 will be longtime Chicago traffic reporter Jill Urchak who will begin handling afternoon traffic reports. Urchak has spent close to 25 years as a traffic reporter in Chicago, including WGN-AM, WBBM-AM, WSCR-AM, and WLUP-FM, as well as WBBM-TV.

“A big thanks to the management of AM 560 for making me part of their fantastic radio station,” said Urchak. “I look forward to the journey and the opportunities that come with it. I’m super excited!”

“News and traffic are cornerstone elements for our format and for our radio station,” said Jeff Reisman, regional vice president and general manager of AM 560. “Keeping Mike Scott on our team while also adding Joann and Jill solidifies our commitment to serve our audience. We have a team of veteran broadcasters with experience and insight that our listeners can trust.”

AM 560 The Answer is owned and operated by Salem Media Group.

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.

Jeff Reisman
847-472-8921
jreisman@salemradiochicago.com

Source: Salem Media Group, Inc.

DLH (DLHC) – Raising PT to $21 on Ongoing Business Strength

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Tuesday, December 28, 2021

DLH (DLHC)
Raising PT to $21 on Ongoing Business Strength

DLH Holdings Corp is a provider of technology-enabled business process outsourcing and program management solutions in the United States. The company offers services to several government agencies which include the Department of veteran affairs, Department of health and human services, Department of Defense and other government agencies. It operates primarily through prime contracts and also derives its revenue from agencies of the federal government, primarily as a prime contractor but also as a subcontractor to other Federal prime contractors.

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

Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.

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

    Raising PT to $21. We are raising our twelve month price target for DLHC shares to $21.00 from our prior $16.50 on the ongoing strength of the business and solid future growth opportunities. With the follow-up contract in Alaska and additional potential opportunities, we believe the risk/reward is positive. At our price target, DLHC shares would trade at 11.3x our fiscal 2022 adjusted EBITDA estimate and 1.2x our fiscal 2022 revenue estimate (both excluding the FEMA business), in-line with the peer group.

    Outstanding YTD Performance.  DLHC shares have been outstanding performers in 2021 with the shares up 97% YTD, compared to a 14.8% rise in the Russell 2000. We believe the rise to be a reflection of the Company’s broadening and deepening of its capabilities, which are focused on key areas of the Federal government health system. These programs enjoy widespread, bi-partisan support in the government …



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. 

Euroseas Ltd. Announces New Charters For Two Of Its Vessels, M/V “Evridiki G” and M/V “EM Corfu”

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Euroseas Ltd. Announces New Charters For Two Of Its Vessels, M/V “Evridiki G” and M/V “EM Corfu”

Research, News, and Market Data on Euroseas Ltd

 

ATHENS, Greece, Dec. 28, 2021 (GLOBE NEWSWIRE) — Euroseas Ltd. (NASDAQ: ESEA, the “Company” or “Euroseas”), an owner and operator of container vessels and provider of seaborne transportation for containerized cargoes, announced today the extension of the charter of its container vessels M/V “Evridiki G” and a new time charter contract for its container vessel M/V “EM Corfu”. Specifically:

  • M/V “Evridiki G”, a 2,556 TEU vessel built in 2001, entered into a new time charter contract for a period of between a minimum of thirty-six and a maximum of thirty-eight months at the option of the charterer, at a daily rate of $40,000. The new rate will commence on February 1, 2022.
  • M/V “EM Corfu”, a 2,556 TEU vessel built in 2001, entered into a new time charter contract for a period of between a minimum of thirty-six and a maximum of thirty-eight months at the option of the charterer, at a daily rate of $40,000. The new rate will commence upon completion of the vessel’s drydocking in mid-February 2022.

Aristides Pittas, Chairman and CEO of Euroseas commented: “We are very pleased to announce new charters for two of our vessels for periods of at least three years each at rates more than twice the levels of their existing employment. The new charters secure a minimum of $85m of contracted revenues and are expected to make an annualized EBITDA contribution in excess of $22.3m combined which is about $19m (or, at least, seven times) higher than their joint contribution over the last twelve months of about $3m. These new charters significantly improve both our profitability and cash flow visibility with our charter coverage for 2022 now exceeding 85% and for 2023 55%.

“Undoubtedly, the containership markets continue to show their strength and momentum as indicated by the rate and the duration of the above charters. We expect to be able to continue benefitting from the present strong market as there are another two of our vessels opening up for re-chartering within the next four months and, yet, another two vessels later in 2022. Furthermore, we started exploring chartering options for our two newbuildings which are expected to be delivered by the end of first and second quarters of 2023, respectively, as initially scheduled. If the present market levels continue, renewals of expiring charters should result in significant further increases in our profitability and employment coverage for the following years, providing a solid liquidity foundation for further growth of our company and rewards to our shareholders as our Board or Directors sees fit.”

Fleet Profile:

After the new charters of M/V “Evridiki G” and M/V “EM Corfu” the Euroseas Ltd. fleet and employment profile will be as follows:

Name Type Dwt TEU Year Built Employment(*)

TCE Rate ($/day)


Container Carriers		            
MARCOS V Intermediate 72,968 6,350 2005 TC until Dec-24
plus 12 months option		 $42,200
option $15,000
AKINADA BRIDGE(*) Intermediate 71,366 5,610 2001 TC until Oct-22 $20,000
SYNERGY BUSAN(*) Intermediate 50,726 4,253 2009 TC until Aug-24 $25,000
SYNERGY ANTWERP(*) Intermediate 50,726 4,253 2008 TC until Sep-23 $18,000
SYNERGY OAKLAND(*) Intermediate 50,787 4,253 2009 TC until Jan-21 then until Mar-22
then until Mar-26		 $202,000
$130,000
$42,000
SYNERGY KEELUNG (+) Intermediate 50,969 4,253 2009 TC until Jun-22 plus 8-12 months option $11,750;
option $14,500
EM KEA (*) Feeder 42,165 3,100 2007 TC until May-23 $22,000
EM ASTORIA (+) Feeder 35,600 2,788 2004 TC until Feb-22 $18,650
EM CORFU(+) Feeder 34,654 2,556 2001 TC until Nov-21 then repositioning trip to drydock


TC until Feb-25		 $10,200
$5,125 for up to 37 days ($35,000 if more than 37 days)
$40,000
EVRIDIKI G (+) Feeder 34,677 2,556 2001 TC until Jan-22
TC until Feb-25		 $15,500
$40,000
DIAMANTIS P. (*) Feeder 30,360 2,008 1998 TC until Oct-24 $27,000
EM SPETSES(*)

Feeder		 23,224 1,740 2007 TC until Aug-24 $29,500
JONATHAN P(*) Feeder 23,351 1,740 2006 TC until Sep-24 $26,662(**)
EM HYDRA(*) Feeder 23,351 1,740 2005 TC until Apr-23 $20,000
JOANNA(*) Feeder 22,301 1,732 1999 TC until Oct-22 $16,800
AEGEAN EXPRESS(*) Feeder 18,581 1,439 1997 TC until Mar-22 $11,500
Total Container Carriers 16 635,806 50,371      


Vessels under construction Type Dwt TEU To be delivered
H4201 Feeder 37,237 2,800 Q1 2023
H4202 Feeder 37,237 2,800 Q2 2023

Notes:  
(*)        TC denotes time charter. Charter duration indicates the earliest redelivery date; all dates listed are the earliest redelivery dates under each TC unless the contract rate is lower than the current market rate in which cases the latest redelivery date is assumed; vessels with the latest redelivery date shown are marked by (+).
(**)       Rate is net of commissions (which are typically 5-6.25%)

About Euroseas Ltd.
Euroseas Ltd. was formed on May 5, 2005 under the laws of the Republic of the Marshall Islands to consolidate the ship owning interests of the Pittas family of Athens, Greece, which has been in the shipping business over the past 140 years. Euroseas trades on the NASDAQ Capital Market under the ticker ESEA. 

Euroseas operates in the container shipping market. Euroseas’ operations are managed by Eurobulk Ltd., an ISO 9001:2008 and ISO 14001:2004 certified affiliated ship management company, which is responsible for the day-to-day commercial and technical management and operations of the vessels. Euroseas employs its vessels on spot and period charters and through pool arrangements. 

After the delivery of M/V Leo Paramount, the Company will have a fleet of 16 vessels comprising of 10 Feeder and 6 Intermediate containerships. Euroseas 16 containerships have a cargo capacity of 50,371 teu. Furthermore, after the delivery of two feeder containership newbuildings in the first half of 2023, Euroseas’ fleet will consist of 18 vessels with a total carrying capacity of 55,971 teu.

Forward Looking Statement
This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events and the Company’s growth strategy and measures to implement such strategy; including expected vessel acquisitions and entering into further time charters. Words such as “expects,” “intends,” “plans,” “believes,” “anticipates,” “hopes,” “estimates,” and variations of such words and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to changes in the demand for containerships, competitive factors in the market in which the Company operates; risks associated with operations outside the United States; and other factors listed from time to time in the Company’s filings with the Securities and Exchange Commission. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. 

Visit our website www.euroseas.gr

Company Contact Investor Relations / Financial Media
Tasos Aslidis
Chief Financial Officer
Euroseas Ltd.
11 Canterbury Lane,
Watchung, NJ 07069
Tel. (908) 301-9091
E-mail: aha@euroseas.gr		 Nicolas Bornozis
President
Capital Link, Inc.
230 Park Avenue, Suite 1536
New York, NY 10169
Tel. (212) 661-7566
E-mail: nbornozis@capitallink.com

Cryptocurrencies in 2022, a View from Academics

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	Image Credit: Diverse Stock Photos (Flickr)

After a Big Year for Cryptocurrencies, What’s on the Horizon in 2022?

 

The year 2021 was marked by several major breakthroughs for cryptocurrencies.

For one, new crypto applications like non-fungible tokens (NFTs) gained ground, with sales of these digital assets setting new records at major auction houses. Secondly, Bitcoin made strides towards mainstream acceptance with major websites like Expedia and Microsoft accepting the coin as a means of exchange. Third, in September, El Salvador became the first country in the world to accept bitcoin as legal tender.

There are many more examples of how the market for cryptocurrencies has expanded just in the last year. With this uptick of activity, what’s ahead in 2022 for cryptocurrencies?

 

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 opinions of Erica Pimentel, Assistant Professor, Smith School of Business, Queen’s University, Ontario.

Bertrand Malsch, Associate Professor of Accounting, Smith School of Business, Queen’s University, Ontario.

Nathaniel Loh, Junior Fellow of the CPA Ontario Centre for Corporate Reporting and Professionalism, Queen’s University, Ontario

 

We believe there are three main areas where cryptocurrencies will gain steam in the next year: greater acceptance of Bitcoin as a means of payment, increased regulatory scrutiny and a rise in NFT activity.

The Embrace of Bitcoin

Understanding what motivates individuals to adopt Bitcoin has been a challenge for researchers. A recent study suggests five main factors contribute to someone’s likelihood of using Bitcoin:

  • Trust in the system
  • Online word of mouth
  • Quality of the web platforms available for transactions
  • Perceived riskiness of the investment
  • Expectations about Bitcoin’s performance

Other studies have added more nuances to this argument by considering gender, age and educational level as equally important factors.

The conditions in the crypto space have made it increasingly likely that Bitcoin will become mainstream in the near future.

First, there’s increased activity in online communities like Twitter and Reddit, where even crypto novices can exchange information with seasoned investors to obtain word-of-mouth advice about price predictions and trading strategies.

Second, there has been an explosion of new crypto-exchanges — or trading platforms where one can exchange fiat currency for crypto — and major investments into the technological infrastructure of existing exchanges. These infrastructure investments have expanded access to crypto markets and also piqued the interest of institutional investors.

 

Institutional Involvement, Regulatory Scrutiny

The last year has seen institutional players like the European Investment Bank (EIB) — the lending arm of the European Union — take a stance on crypto.

In April, the EIB issued a 100-million-euro digital bond on the Ethereum blockchain. Goldman Sachs, Banco Santander and Société Générale were also involved in the issuance. Research has pointed to institutional adoption as a turning point for widespread crypto adoption, and it would appear we’re quickly heading there.

Altogether, the increased availability of points of sale that accept Bitcoin as a means of exchange and institutional investment in the space will likely lead to greater acceptance of Bitcoin as a method of payment in 2022.

After cryptocurrencies, decentralized finance (DeFi) is widely regarded as the next frontier in fintech. DeFi provides the opportunity to create decentralized systems that rely on distributed ledger technology to facilitate peer-to-peer loans, create new financial securities like stablecoins or even offer new models of corporate governance.

Regulators also appear to be increasingly paying attention. In November, the European Council — the body that defines the political priorities of the European Union — announced its position on the Markets in Crypto Assets (MiCA) framework, which will provide increased regulatory clarity over cryptoassets and DeFi.

In the same month, the Board of Governors of the Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency of the United States produced a joint statement announcing that they would produce a set of policy directives on crypto.

Researchers have pointed to a lack of regulation as a major barrier to mainstream crypto acceptance. Increased government oversight, coupled with the move by several countries to consider digital versions of their national currencies, are likely to result in a lot more regulatory activity in 2022.

 

A Rise in NFT Activity

The year 2021 brought a new wave of sales of NFTs. An NFT can offer proof of ownership of, for instance, digital art in the same way a physical canvas can offer proof of ownership of a Vincent Van Gogh painting.

Although NFTs began as a way to formalize ownership of digital art, they have since expanded to include other types of digital property, including digital real estate.

Sales of NFTs are setting new records — a recent one raised US$17.1 million at Sotheby’s. As a result, the auction house launched Metaverse, an NFT-only marketplace to facilitate sales of digital works.

As new NFT applications emerge, this space will likely continue to grow in 2022.

 

Buyer Beware

Despite these investment opportunities, we urge crypto investors to be skeptical of claims they read in online communities. At a minimum, crypto enthusiasts must do their due diligence before investing.

What is sure to emerge in 2022 are new frauds and schemes. Take, for instance, the SquidGame crypto that capitalized on the popular Netflix show but was a fraud. Or the fake Banksy NFT that sold for 244,000 British pounds.

Research on the behavior of retail investors has found some are highly susceptible to the “fear of missing out.”

Therefore, it may be difficult to turn down a tip from your hairstylist or your best friend’s cousin on the next hot crypto opportunity. However, crypto investors should educate themselves on the technology and the basics of financial markets if they want to prudently get involved.

Crypto, after all, remains speculative and is not for everyone.

 

Suggested Reading:



Can Wall Street Giants Put Crypto on the Menu?

Backed by the Full Faith and Credit of Blockchain





Making Sense of Non-Fungible Tokens – Living in a Digital World

NFT Fractional Ownership and Metaverse Museums

 

Stay up to date. Follow us:

 

Release – Kratos Receives $50 Million Sole Source Contract Option Award for 65 Production BQM-177A Aerial Target Drones from U.S. Navy

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Kratos Receives $50 Million Sole Source Contract Option Award for 65 Production BQM-177A Aerial Target Drones from U.S. Navy

Research, News, and Market Data on Kratos Defense & Security Solutions

 

SAN DIEGO, 
Dec. 28, 2021 (GLOBE NEWSWIRE) — 
Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today following the Government announcement, that 
Kratos Unmanned Aerial Systems (KUAS) has been awarded a 
$50,917,490 contract modification (P00007) to a previously awarded firm-fixed-price contract (N0001920C0075). This modification exercises an option to procure 65 BQM-177A Subsonic Aerial Targets, 50 for the 
Navy, seven for the government of 
Japan, and eight for the government of 
Saudi Arabia, as well as associated technical and administrative data in support of full rate production lot three. The Naval Air Systems Command, 
Patuxent River, Maryland, is the contracting activity. Due to customer-related, competitive, security, and other considerations, no additional information will be provided.

Steve Fendley, President of Kratos Unmanned Systems Division, said, “The Kratos team is incredibly proud to receive this third consecutive full rate production option award supporting our 
U.S. Navy customer. We are also excited that 15 of these drone aircraft will support the 
U.S. Government’s foreign allies. Throughout the challenges of the last two years, Kratos has remained focused on developing, producing, and delivering target and tactical drone systems to support the established and forecasted customer needs.”

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.

Release – Euroseas Ltd. Announces New Charters For Two Of Its Vessels Evridiki G and EM Corfu

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Euroseas Ltd. Announces New Charters For Two Of Its Vessels, M/V “Evridiki G” and M/V “EM Corfu”

Research, News, and Market Data on Euroseas Ltd

 

ATHENS, Greece, Dec. 28, 2021 (GLOBE NEWSWIRE) — Euroseas Ltd. (NASDAQ: ESEA, the “Company” or “Euroseas”), an owner and operator of container vessels and provider of seaborne transportation for containerized cargoes, announced today the extension of the charter of its container vessels M/V “Evridiki G” and a new time charter contract for its container vessel M/V “EM Corfu”. Specifically:

  • M/V “Evridiki G”, a 2,556 TEU vessel built in 2001, entered into a new time charter contract for a period of between a minimum of thirty-six and a maximum of thirty-eight months at the option of the charterer, at a daily rate of $40,000. The new rate will commence on February 1, 2022.
  • M/V “EM Corfu”, a 2,556 TEU vessel built in 2001, entered into a new time charter contract for a period of between a minimum of thirty-six and a maximum of thirty-eight months at the option of the charterer, at a daily rate of $40,000. The new rate will commence upon completion of the vessel’s drydocking in mid-February 2022.

Aristides Pittas, Chairman and CEO of Euroseas commented: “We are very pleased to announce new charters for two of our vessels for periods of at least three years each at rates more than twice the levels of their existing employment. The new charters secure a minimum of $85m of contracted revenues and are expected to make an annualized EBITDA contribution in excess of $22.3m combined which is about $19m (or, at least, seven times) higher than their joint contribution over the last twelve months of about $3m. These new charters significantly improve both our profitability and cash flow visibility with our charter coverage for 2022 now exceeding 85% and for 2023 55%.

“Undoubtedly, the containership markets continue to show their strength and momentum as indicated by the rate and the duration of the above charters. We expect to be able to continue benefitting from the present strong market as there are another two of our vessels opening up for re-chartering within the next four months and, yet, another two vessels later in 2022. Furthermore, we started exploring chartering options for our two newbuildings which are expected to be delivered by the end of first and second quarters of 2023, respectively, as initially scheduled. If the present market levels continue, renewals of expiring charters should result in significant further increases in our profitability and employment coverage for the following years, providing a solid liquidity foundation for further growth of our company and rewards to our shareholders as our Board or Directors sees fit.”

Fleet Profile:

After the new charters of M/V “Evridiki G” and M/V “EM Corfu” the Euroseas Ltd. fleet and employment profile will be as follows:

Name Type Dwt TEU Year Built Employment(*)

TCE Rate ($/day)


Container Carriers		            
MARCOS V Intermediate 72,968 6,350 2005 TC until Dec-24
plus 12 months option		 $42,200
option $15,000
AKINADA BRIDGE(*) Intermediate 71,366 5,610 2001 TC until Oct-22 $20,000
SYNERGY BUSAN(*) Intermediate 50,726 4,253 2009 TC until Aug-24 $25,000
SYNERGY ANTWERP(*) Intermediate 50,726 4,253 2008 TC until Sep-23 $18,000
SYNERGY OAKLAND(*) Intermediate 50,787 4,253 2009 TC until Jan-21 then until Mar-22
then until Mar-26		 $202,000
$130,000
$42,000
SYNERGY KEELUNG (+) Intermediate 50,969 4,253 2009 TC until Jun-22 plus 8-12 months option $11,750;
option $14,500
EM KEA (*) Feeder 42,165 3,100 2007 TC until May-23 $22,000
EM ASTORIA (+) Feeder 35,600 2,788 2004 TC until Feb-22 $18,650
EM CORFU(+) Feeder 34,654 2,556 2001 TC until Nov-21 then repositioning trip to drydock


TC until Feb-25		 $10,200
$5,125 for up to 37 days ($35,000 if more than 37 days)
$40,000
EVRIDIKI G (+) Feeder 34,677 2,556 2001 TC until Jan-22
TC until Feb-25		 $15,500
$40,000
DIAMANTIS P. (*) Feeder 30,360 2,008 1998 TC until Oct-24 $27,000
EM SPETSES(*)

Feeder		 23,224 1,740 2007 TC until Aug-24 $29,500
JONATHAN P(*) Feeder 23,351 1,740 2006 TC until Sep-24 $26,662(**)
EM HYDRA(*) Feeder 23,351 1,740 2005 TC until Apr-23 $20,000
JOANNA(*) Feeder 22,301 1,732 1999 TC until Oct-22 $16,800
AEGEAN EXPRESS(*) Feeder 18,581 1,439 1997 TC until Mar-22 $11,500
Total Container Carriers 16 635,806 50,371      


Vessels under construction Type Dwt TEU To be delivered
H4201 Feeder 37,237 2,800 Q1 2023
H4202 Feeder 37,237 2,800 Q2 2023

Notes:  
(*)        TC denotes time charter. Charter duration indicates the earliest redelivery date; all dates listed are the earliest redelivery dates under each TC unless the contract rate is lower than the current market rate in which cases the latest redelivery date is assumed; vessels with the latest redelivery date shown are marked by (+).
(**)       Rate is net of commissions (which are typically 5-6.25%)

About Euroseas Ltd.
Euroseas Ltd. was formed on May 5, 2005 under the laws of the Republic of the Marshall Islands to consolidate the ship owning interests of the Pittas family of Athens, Greece, which has been in the shipping business over the past 140 years. Euroseas trades on the NASDAQ Capital Market under the ticker ESEA. 

Euroseas operates in the container shipping market. Euroseas’ operations are managed by Eurobulk Ltd., an ISO 9001:2008 and ISO 14001:2004 certified affiliated ship management company, which is responsible for the day-to-day commercial and technical management and operations of the vessels. Euroseas employs its vessels on spot and period charters and through pool arrangements. 

After the delivery of M/V Leo Paramount, the Company will have a fleet of 16 vessels comprising of 10 Feeder and 6 Intermediate containerships. Euroseas 16 containerships have a cargo capacity of 50,371 teu. Furthermore, after the delivery of two feeder containership newbuildings in the first half of 2023, Euroseas’ fleet will consist of 18 vessels with a total carrying capacity of 55,971 teu.

Forward Looking Statement
This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events and the Company’s growth strategy and measures to implement such strategy; including expected vessel acquisitions and entering into further time charters. Words such as “expects,” “intends,” “plans,” “believes,” “anticipates,” “hopes,” “estimates,” and variations of such words and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to changes in the demand for containerships, competitive factors in the market in which the Company operates; risks associated with operations outside the United States; and other factors listed from time to time in the Company’s filings with the Securities and Exchange Commission. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. 

Visit our website www.euroseas.gr

Company Contact Investor Relations / Financial Media
Tasos Aslidis
Chief Financial Officer
Euroseas Ltd.
11 Canterbury Lane,
Watchung, NJ 07069
Tel. (908) 301-9091
E-mail: aha@euroseas.gr		 Nicolas Bornozis
President
Capital Link, Inc.
230 Park Avenue, Suite 1536
New York, NY 10169
Tel. (212) 661-7566
E-mail: nbornozis@capitallink.com

Flotek Industries Receives Unsolicited Indication of Interest, Engages Piper Sandler

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Flotek Industries Receives Unsolicited Indication of Interest, Engages Piper Sandler

Research, News, and Market Data on Flotek Industries

 

HOUSTON, December 27, 2021 – Flotek Industries, Inc. (“Flotek” or the “Company”) (NYSE: FTK) has received an unsolicited indication of interest for a potential transaction for all or part of the Company. To assist in evaluating this unsolicited indication of interest, Flotek’s Board of Directors has engaged Piper Sandler & Co. (“Piper Sandler”) as a financial advisor to assist with the evaluation process.

There can be no assurance that such evaluation will result in one or more transactions or other strategic change or outcome. The Company has not set a timetable for the conclusion of its evaluation of the offer, and it does not intend to comment further unless and until the Board has approved a specific course of action or the Company has otherwise determined that further disclosure is appropriate or required by law.

For further information, interested parties may contact Sanjiv Shah, Managing Director and Global Co-Head of Energy & Power Investment Banking at Piper Sandler (phone: +1 (713) 236- 9999; email: sanjiv.shah@psc.com)

About Flotek Industries, Inc.

Flotek Industries, Inc. creates solutions to reduce the environmental impact of energy on air, water, land and people. A technology-driven, specialty green chemistry and data company, Flotek helps customers across industrial, commercial, and consumer markets improve their Environmental, Social, and Governance performance. Flotek’s Chemistry Technologies segment develops, manufactures, packages, distributes. delivers, and markets high-quality cleaning, disinfecting and sanitizing products for commercial, governmental and personal consumer use. Additionally, Flotek empowers the energy industry to maximize tile value of their hydrocarbon streams and improve return on invested capital through its real-time data platforms and green chemistry technologies. Flotek serves downstream, midstream, and upstream customers, both domestic and international. Flotek is a publicly traded company headquartered in Houston, Texas, and its common shares are traded on the New York Stock Exchange under the ticker symbol “FTK.” For additional information, please visit www.flotekind.com.

Forward -Looking Statements

Certain statements set forth in this press release constitute forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of tile Securities Exchange Act of 1934) regarding Flotek Industries, Inc.’s business, financial condition, results of operations and prospects. Words such as will, continue, expects, anticipates, intends, plans, believes, seeks, estimates and similar expressions or variations of such words are intended to identify forward-looking statements, but are not the exclusive means of identifying forward-looking statements in this press release. Although forward-looking statements in this press release reflect the good faith judgment of management. such statements can only be based on facts and factors currently known to management. Consequently, forward-looking statements are inherently subject to risks and uncertainties, and actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking statements. Further information about the risks and uncertainties that may impact the company are set forth in the Company’s most recent filing with the Securities and Exchange Commission on Form 10-K (including, without limitation, in the “Risk Factors” section thereof), and in the Company’s other SEC filings and publicly available documents. Readers are urged not to place undue reliance on these forward -looking statements, which speak only as of the dale of this press release. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect, any event or circumstance that may arise after the date of this press release.

Inquiries, contact:

Investor Relations

E: ir@flotekind.com

P: (713) 726-5322

Flotek Industries (FTK) – Flotek Receives Unsolicited Indication of Interest – Details Sparse

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Tuesday, December 28, 2021

Flotek Industries (FTK)
Flotek Receives Unsolicited Indication of Interest – Details Sparse

Flotek Industries, Inc. creates solutions to reduce the environmental impact of energy on air, water, land and people. Flotek Industries, Inc. is a technology-driven, specialty chemistry and data company that helps customers across industrial, commercial and consumer markets improve their Environmental, Social and Governance performance. Flotek’s Chemistry Technologies segment develops, manufactures, packages, distributes, delivers, and markets high-quality cleaning, disinfecting and sanitizing products for commercial, governmental and personal consumer use. Additionally, Flotek empowers the energy industry to maximize the value of their hydrocarbon streams and improve return on invested capital through its real-time data platforms and green chemistry technologies. Flotek serves downstream, midstream and upstream customers, both domestic and international. Flotek is a publicly traded company headquartered in Houston, Texas, and its common shares are traded on the New York Stock Exchange under the ticker symbol “FTK.” For additional information, please visit Flotek’s web site at www.flotekind.com.

Michael Heim, Senior Research Analyst, Noble Capital Markets, Inc.

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

    Flotek Industries released a press release announcing that it has received an unsolicited indication of interest, and that it has engaged Piper Sandler & Co to evaluate the interest. The company did not provide any details regarding the indication or Flotek’s response, and that it does not plan to make additional comments until the Board has determined a course of action. We have not had a chance to talk with management, nor do we expect them to provide additional commentary should we talk to them.

    Flotek has recently taken steps that we believe will lead to a higher valuation, but may consider a takeout if the price is right.  We believe the company has taken positive steps towards restructuring and growing operations and is on the verge of recognizing the benefits of these steps. Management has become increasingly optimistic about the future and we believe they would be comfortable taking a …



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. 

QuickChek – December 28, 2021

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Flotek Industries Receives Unsolicited Indication of Interest, Engages Piper Sandler

Flotek Industries announced it has received an unsolicited indication of interest for a potential transaction for all or part of the Company

Research, News & Market Data on Flotek

Watch recent presentation from Flotek



Euroseas Ltd. Announces New Charters For Two Of Its Vessels, M/V “Evridiki G” and M/V “EM Corfu”

Euroseas Ltd announced the extension of the charter of its container vessels M/V “Evridiki G” and a new time charter contract for its container vessel M/V “EM Corfu”

Research, News & Market Data on Euroseas

Watch recent presentation from Euroseas



Kratos Receives $50 Million Sole Source Contract Option Award for 65 Production BQM-177A Aerial Target Drones from U.S. Navy

Kratos Defense & Security Solutions announced that Kratos Unmanned Aerial Systems (KUAS) has been awarded a $50,917,490 contract modification to a previously awarded firm-fixed-price contract

Research, News & Market Data on Kratos

 

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Release – Flotek Industries Receives Unsolicited Indication of Interest Engages Piper Sandler

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Flotek Industries Receives Unsolicited Indication of Interest, Engages Piper Sandler

Research, News, and Market Data on Flotek Industries

 

HOUSTON, December 27, 2021 – Flotek Industries, Inc. (“Flotek” or the “Company”) (NYSE: FTK) has received an unsolicited indication of interest for a potential transaction for all or part of the Company. To assist in evaluating this unsolicited indication of interest, Flotek’s Board of Directors has engaged Piper Sandler & Co. (“Piper Sandler”) as a financial advisor to assist with the evaluation process.

There can be no assurance that such evaluation will result in one or more transactions or other strategic change or outcome. The Company has not set a timetable for the conclusion of its evaluation of the offer, and it does not intend to comment further unless and until the Board has approved a specific course of action or the Company has otherwise determined that further disclosure is appropriate or required by law.

For further information, interested parties may contact Sanjiv Shah, Managing Director and Global Co-Head of Energy & Power Investment Banking at Piper Sandler (phone: +1 (713) 236- 9999; email: sanjiv.shah@psc.com)

About Flotek Industries, Inc.

Flotek Industries, Inc. creates solutions to reduce the environmental impact of energy on air, water, land and people. A technology-driven, specialty green chemistry and data company, Flotek helps customers across industrial, commercial, and consumer markets improve their Environmental, Social, and Governance performance. Flotek’s Chemistry Technologies segment develops, manufactures, packages, distributes. delivers, and markets high-quality cleaning, disinfecting and sanitizing products for commercial, governmental and personal consumer use. Additionally, Flotek empowers the energy industry to maximize tile value of their hydrocarbon streams and improve return on invested capital through its real-time data platforms and green chemistry technologies. Flotek serves downstream, midstream, and upstream customers, both domestic and international. Flotek is a publicly traded company headquartered in Houston, Texas, and its common shares are traded on the New York Stock Exchange under the ticker symbol “FTK.” For additional information, please visit www.flotekind.com.

Forward -Looking Statements

Certain statements set forth in this press release constitute forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of tile Securities Exchange Act of 1934) regarding Flotek Industries, Inc.’s business, financial condition, results of operations and prospects. Words such as will, continue, expects, anticipates, intends, plans, believes, seeks, estimates and similar expressions or variations of such words are intended to identify forward-looking statements, but are not the exclusive means of identifying forward-looking statements in this press release. Although forward-looking statements in this press release reflect the good faith judgment of management. such statements can only be based on facts and factors currently known to management. Consequently, forward-looking statements are inherently subject to risks and uncertainties, and actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking statements. Further information about the risks and uncertainties that may impact the company are set forth in the Company’s most recent filing with the Securities and Exchange Commission on Form 10-K (including, without limitation, in the “Risk Factors” section thereof), and in the Company’s other SEC filings and publicly available documents. Readers are urged not to place undue reliance on these forward -looking statements, which speak only as of the dale of this press release. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect, any event or circumstance that may arise after the date of this press release.

Inquiries, contact:

Investor Relations

E: ir@flotekind.com

P: (713) 726-5322