Eaton Declares Quarterly Dividend Payable August 25, 2023
DUBLIN–(BUSINESS WIRE)–The Board of Directors of intelligent power management company Eaton (NYSE:ETN) today declared a quarterly dividend of $0.86 per ordinary share. The dividend is payable August 25, 2023, to shareholders of record at the close of business on August 7, 2023. Eaton has paid dividends on its shares every year since 1923.
Eaton is an intelligent power management company dedicated to improving the quality of life and protecting the environment for people everywhere. We are guided by our commitment to do business right, to operate sustainably and to help our customers manage power ─ today and well into the future. By capitalizing on the global growth trends of electrification and digitalization, we’re accelerating the planet’s transition to renewable energy, helping to solve the world’s most urgent power management challenges, and doing what’s best for our stakeholders and all of society.
Founded in 1911, Eaton is marking its 100th anniversary of being listed on the New York Stock Exchange. We reported revenues of $20.8 billion in 2022 and serve customers in more than 170 countries. For more information, visit www.eaton.com. Follow us on Twitter and LinkedIn.
Contacts
Jennifer Tolhurst
+1 (440) 523-4006
[email protected]
Eaton Declares Quarterly Dividend Payable August 25, 2023
DUBLIN–(BUSINESS WIRE)–The Board of Directors of intelligent power management company Eaton (NYSE:ETN) today declared a quarterly dividend of $0.86 per ordinary share. The dividend is payable August 25, 2023, to shareholders of record at the close of business on August 7, 2023. Eaton has paid dividends on its shares every year since 1923.
Eaton is an intelligent power management company dedicated to improving the quality of life and protecting the environment for people everywhere. We are guided by our commitment to do business right, to operate sustainably and to help our customers manage power ─ today and well into the future. By capitalizing on the global growth trends of electrification and digitalization, we’re accelerating the planet’s transition to renewable energy, helping to solve the world’s most urgent power management challenges, and doing what’s best for our stakeholders and all of society.
Founded in 1911, Eaton is marking its 100th anniversary of being listed on the New York Stock Exchange. We reported revenues of $20.8 billion in 2022 and serve customers in more than 170 countries. For more information, visit www.eaton.com. Follow us on Twitter and LinkedIn.
Contacts
Jennifer Tolhurst
+1 (440) 523-4006
[email protected]
Aleph Farms Submits First Ever Application for Cultivated Meat in Europe
Application submitted in coordination with Migros to commercialize Aleph Cuts in Switzerland
REHOVOT, Israel–(BUSINESS WIRE)–#COP26—Aleph Farms, a cellular agriculture company that enhances sustainability, food security and animal welfare in our food systems, today announced that it has submitted an application for regulatory approval to the Swiss Federal Food Safety and Veterinary Office (FSVO) with the goal of selling the world’s first cultivated beef steaks under the Aleph Cuts brand in Switzerland. The submission is part of Aleph’s collaboration with Migros, Switzerland’s largest food enterprise, which has been instrumental in assessing the country’s specific regulatory approval process.
Aleph Farms is leveraging the expertise and infrastructure of leaders in food production, including Migros, which first invested in the company in 2019, to help accelerate scale-up, go-to-market activities and commercialization of Aleph Cuts worldwide. Together, Aleph and Migros have since conducted extensive consumer research in Switzerland and navigated the intricacies of the country’s regulatory landscape for novel foods. As part of their agreement, the two companies will continue to develop a go-to-market strategy that involves distribution and commercialization of Aleph Cuts through fine dining food service channels in Switzerland.
“Food systems affect everyone, and it will take a coordinated effort between regulators, innovators and incumbents to ensure food security in a way that helps humanity live within its planetary boundaries,” said Didier Toubia, Co-Founder and CEO of Aleph Farms. “At Aleph Farms, we carefully consider partnerships that reflect our core values and sustainability commitments. Together with Migros, we are establishing the cow cell as the third category of food products from cattle, alongside beef and milk. We look forward to working closely with Switzerland’s Federal Food Safety and Veterinary Office to enable access to both high-quality nutrition and world-changing innovation.”
Switzerland is a country with a high affinity for innovation. According to research conducted jointly by Aleph Farms and Migros, 74% of Swiss consumers are open to trying cultivated meat and are motivated to try it chiefly by curiosity and a desire to align with principles like sustainability and animal welfare.
Alongside sustainable animal agriculture, cellular agriculture can help increase resilience and stability in the supply of animal proteins and fats to diners in Switzerland. In addition, acceptance by Swiss consumers – known for a quality-conscious attitude towards food – can contribute further to cultivated meat’s growing momentum worldwide.
Later this year, Aleph Farms plans to launch Aleph Cuts in Singapore and Israel in limited quantities and offer exclusive tasting experiences curated with select partners, pending regulatory approvals. Aleph’s regulatory team is working in similar fashion with regulatory authorities in numerous markets around the world, including Switzerland, in order to ensure compliance with respective safety requirements.
About Aleph Farms
Aleph Farms, an Israel-based cellular agriculture company, enhances sustainability, food security and animal welfare in our food systems by diversifying the supply and decentralizing the production of quality animal proteins and fats as a complement to sustainable animal agriculture.
Founded in 2017, the company unveiled the world’s first cultivated thin-cut beef steak in 2018, the world’s first cultivated ribeye steak in 2021, and cultivated collagen in 2022. Under its product brand, Aleph Cuts, the company is launching its first product, the cultivated Petit Steak, grown from non-modified cells of a premium Black Angus cow.
For its contributions to climate leadership including a net zero commitment made in 2020, the company has received top accolades from the World Economic Forum and the United Nations.
For more information, follow Aleph Cuts on Instagram and Facebook, Aleph Farms on Twitter and Linkedin, or visit www.aleph-farms.com. Access our press kit here.
Contacts
Natalee Gibson
[email protected]
Aleph Farms Submits First Ever Application for Cultivated Meat in Europe
Application submitted in coordination with Migros to commercialize Aleph Cuts in Switzerland
REHOVOT, Israel–(BUSINESS WIRE)–#COP26—Aleph Farms, a cellular agriculture company that enhances sustainability, food security and animal welfare in our food systems, today announced that it has submitted an application for regulatory approval to the Swiss Federal Food Safety and Veterinary Office (FSVO) with the goal of selling the world’s first cultivated beef steaks under the Aleph Cuts brand in Switzerland. The submission is part of Aleph’s collaboration with Migros, Switzerland’s largest food enterprise, which has been instrumental in assessing the country’s specific regulatory approval process.
Aleph Farms is leveraging the expertise and infrastructure of leaders in food production, including Migros, which first invested in the company in 2019, to help accelerate scale-up, go-to-market activities and commercialization of Aleph Cuts worldwide. Together, Aleph and Migros have since conducted extensive consumer research in Switzerland and navigated the intricacies of the country’s regulatory landscape for novel foods. As part of their agreement, the two companies will continue to develop a go-to-market strategy that involves distribution and commercialization of Aleph Cuts through fine dining food service channels in Switzerland.
“Food systems affect everyone, and it will take a coordinated effort between regulators, innovators and incumbents to ensure food security in a way that helps humanity live within its planetary boundaries,” said Didier Toubia, Co-Founder and CEO of Aleph Farms. “At Aleph Farms, we carefully consider partnerships that reflect our core values and sustainability commitments. Together with Migros, we are establishing the cow cell as the third category of food products from cattle, alongside beef and milk. We look forward to working closely with Switzerland’s Federal Food Safety and Veterinary Office to enable access to both high-quality nutrition and world-changing innovation.”
Switzerland is a country with a high affinity for innovation. According to research conducted jointly by Aleph Farms and Migros, 74% of Swiss consumers are open to trying cultivated meat and are motivated to try it chiefly by curiosity and a desire to align with principles like sustainability and animal welfare.
Alongside sustainable animal agriculture, cellular agriculture can help increase resilience and stability in the supply of animal proteins and fats to diners in Switzerland. In addition, acceptance by Swiss consumers – known for a quality-conscious attitude towards food – can contribute further to cultivated meat’s growing momentum worldwide.
Later this year, Aleph Farms plans to launch Aleph Cuts in Singapore and Israel in limited quantities and offer exclusive tasting experiences curated with select partners, pending regulatory approvals. Aleph’s regulatory team is working in similar fashion with regulatory authorities in numerous markets around the world, including Switzerland, in order to ensure compliance with respective safety requirements.
About Aleph Farms
Aleph Farms, an Israel-based cellular agriculture company, enhances sustainability, food security and animal welfare in our food systems by diversifying the supply and decentralizing the production of quality animal proteins and fats as a complement to sustainable animal agriculture.
Founded in 2017, the company unveiled the world’s first cultivated thin-cut beef steak in 2018, the world’s first cultivated ribeye steak in 2021, and cultivated collagen in 2022. Under its product brand, Aleph Cuts, the company is launching its first product, the cultivated Petit Steak, grown from non-modified cells of a premium Black Angus cow.
For its contributions to climate leadership including a net zero commitment made in 2020, the company has received top accolades from the World Economic Forum and the United Nations.
For more information, follow Aleph Cuts on Instagram and Facebook, Aleph Farms on Twitter and Linkedin, or visit www.aleph-farms.com. Access our press kit here.
Contacts
Natalee Gibson
[email protected]
Brenmiller Signs MoU with India’s Largest Solar Panel Manufacturer Waaree Energies to Deploy Thermal Energy Storage Projects in India
- Marks Brenmiller’s entrance into the Indian market, the world’s 5th largest economy
- Solar-powered bGen™ thermal energy storage systems will help India transition to a 50% renewable energy supply by 2030
ROSH HA’AYIN, Israel & MUMBAI, India–(BUSINESS WIRE)–$BNRG—Brenmiller Energy Ltd. (“Brenmiller”, “Brenmiller Energy” or the “Company”) (Nasdaq: BNRG, TASE: BNRG), a clean energy company that provides Thermal Energy Storage (“TES”) systems to global industrial and utility markets, today announced that it has signed a Memorandum of Understanding (“MoU”) with Waaree Energies Ltd. (“Waaree”), India’s largest manufacturer of solar panels, to implement bGen™ TES in India. This announcement marks Brenmiller’s entrance into the Indian market, adding to the Company’s growing global presence including Israel, Europe, and the U.S.
Under the terms of the MoU, Brenmiller and Waaree will jointly explore, develop, and deploy solar-powered TES systems in India, subject to entry into a definitive agreement.
Brenmiller’s award-winning bGen TES system is a mature, scalable, and cost-effective solution that enables 24/7 renewable management for industrial processes and power production. The bGen can store energy in the form of heat for minutes, hours, or days, and produce steam, hot water, or hot air on demand. In addition to decarbonization, Brenmiller’s TES technology provides critical reliability and protection from renewable intermittency and fluctuations in energy market prices.
“We’ve seen a massive uptick in demand for our TES systems in response to climate-forward policies, rising energy costs, and challenges to reliability,” said Avi Brenmiller, president and Chief Executive Officer of Brenmiller. “Our team is thrilled to collaborate with Waaree to bring bGen TES to India’s industrial and utility markets.”
“In India, steam and other high-temperature processes for industrials are primarily powered by coal, accounting for roughly 25 percent of India’s carbon emissions,” said Hitech Doshi, chairman of Waaree. “We are focused on helping large industrial corporations, including beverage, pharmaceutical, chemical, paper manufacturers, and more, to help them meet ambitious ESG goals. Partnering with Brenmiller to deploy its innovative thermal energy storage technology will enable us to significantly reduce dependence on fossil fuels.”
About Waaree Energies Ltd.
Waaree Energies Ltd. is the flagship company of Waaree Group, founded in 1989 with headquarters in Mumbai, India. Waaree Energy is today one of the largest vertically integrated new energy companies. It has India’s largest Solar panel manufacturing capacity of 12GW at its plants in Chikhli, Surat and Umbergaon in Gujarat and is a top player in EPC Services, Project Development, Solar Rooftop Solutions, Solar Inverters, and Solar Water Pumps. It is also an Independent Power Producer. Waaree has a presence in over 388 locations nationally and 20 countries internationally. The company has supplied 6+GW of solar modules and commissioned 1+ GW of solar EPC projects.
About Brenmiller Energy Ltd.
Brenmiller Energy delivers scalable thermal energy storage solutions and services that allow customers to cost-effectively decarbonize their operations. Its patented bGen thermal storage technology enables the use of renewable energy resources, as well as waste heat, to heat crushed rocks to very high temperatures. They can then store this heat for minutes, hours, or even days before using it for industrial and power generation processes. With bGen, organizations have a way to use electricity, biomass and waste heat to generate the clean steam, hot water and hot air they need to mold plastic, process food and beverages, produce paper, manufacture chemicals and pharmaceuticals or drive steam turbines without burning fossil fuels. For more information visit the company’s website at https://bren-energy.com/ and follow the company on Twitter and LinkedIn.
Forward Looking Statements
This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Statements that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the generality of the foregoing, words such as “plan,” “project,” “potential,” “seek,” “may,” “will,” “expect,” “believe,” “anticipate,” “intend,” “could,” “estimate” or “continue” are intended to identify forward-looking statements. For example, we are using forward-looking statements when we are discussing the entry into a definitive agreement, the implementation of bGen™ TES in India, and the potential of such implementation to help India transition to a have half of its energy supply from renewables by 2030. Readers are cautioned that certain important factors may affect the Company’s actual results and could cause such results to differ materially from any forward-looking statements that may be made in this press release. Factors that may affect the Company’s results include, but are not limited to, the Company’s planned level of revenues and capital expenditures, the demand for and market acceptance of our products, impact of competitive products and prices, product development, commercialization or technological difficulties, the success or failure of negotiations and trade, legal, social and economic risks and the risks associated with the adequacy of existing cash resources. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s Annual Report on Form 20-F for the year ended December 31, 2022 filed with the U.S. Securities and Exchange Commission (“SEC”) on March 22, 2023 and the Company’s other filings with the SEC, which are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Contacts
Media:
Tori Bentkover
[email protected]
Brenmiller Signs MoU with India’s Largest Solar Panel Manufacturer Waaree Energies to Deploy Thermal Energy Storage Projects in India
- Marks Brenmiller’s entrance into the Indian market, the world’s 5th largest economy
- Solar-powered bGen™ thermal energy storage systems will help India transition to a 50% renewable energy supply by 2030
ROSH HA’AYIN, Israel & MUMBAI, India–(BUSINESS WIRE)–$BNRG—Brenmiller Energy Ltd. (“Brenmiller”, “Brenmiller Energy” or the “Company”) (Nasdaq: BNRG, TASE: BNRG), a clean energy company that provides Thermal Energy Storage (“TES”) systems to global industrial and utility markets, today announced that it has signed a Memorandum of Understanding (“MoU”) with Waaree Energies Ltd. (“Waaree”), India’s largest manufacturer of solar panels, to implement bGen™ TES in India. This announcement marks Brenmiller’s entrance into the Indian market, adding to the Company’s growing global presence including Israel, Europe, and the U.S.
Under the terms of the MoU, Brenmiller and Waaree will jointly explore, develop, and deploy solar-powered TES systems in India, subject to entry into a definitive agreement.
Brenmiller’s award-winning bGen TES system is a mature, scalable, and cost-effective solution that enables 24/7 renewable management for industrial processes and power production. The bGen can store energy in the form of heat for minutes, hours, or days, and produce steam, hot water, or hot air on demand. In addition to decarbonization, Brenmiller’s TES technology provides critical reliability and protection from renewable intermittency and fluctuations in energy market prices.
“We’ve seen a massive uptick in demand for our TES systems in response to climate-forward policies, rising energy costs, and challenges to reliability,” said Avi Brenmiller, president and Chief Executive Officer of Brenmiller. “Our team is thrilled to collaborate with Waaree to bring bGen TES to India’s industrial and utility markets.”
“In India, steam and other high-temperature processes for industrials are primarily powered by coal, accounting for roughly 25 percent of India’s carbon emissions,” said Hitech Doshi, chairman of Waaree. “We are focused on helping large industrial corporations, including beverage, pharmaceutical, chemical, paper manufacturers, and more, to help them meet ambitious ESG goals. Partnering with Brenmiller to deploy its innovative thermal energy storage technology will enable us to significantly reduce dependence on fossil fuels.”
About Waaree Energies Ltd.
Waaree Energies Ltd. is the flagship company of Waaree Group, founded in 1989 with headquarters in Mumbai, India. Waaree Energy is today one of the largest vertically integrated new energy companies. It has India’s largest Solar panel manufacturing capacity of 12GW at its plants in Chikhli, Surat and Umbergaon in Gujarat and is a top player in EPC Services, Project Development, Solar Rooftop Solutions, Solar Inverters, and Solar Water Pumps. It is also an Independent Power Producer. Waaree has a presence in over 388 locations nationally and 20 countries internationally. The company has supplied 6+GW of solar modules and commissioned 1+ GW of solar EPC projects.
About Brenmiller Energy Ltd.
Brenmiller Energy delivers scalable thermal energy storage solutions and services that allow customers to cost-effectively decarbonize their operations. Its patented bGen thermal storage technology enables the use of renewable energy resources, as well as waste heat, to heat crushed rocks to very high temperatures. They can then store this heat for minutes, hours, or even days before using it for industrial and power generation processes. With bGen, organizations have a way to use electricity, biomass and waste heat to generate the clean steam, hot water and hot air they need to mold plastic, process food and beverages, produce paper, manufacture chemicals and pharmaceuticals or drive steam turbines without burning fossil fuels. For more information visit the company’s website at https://bren-energy.com/ and follow the company on Twitter and LinkedIn.
Forward Looking Statements
This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Statements that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the generality of the foregoing, words such as “plan,” “project,” “potential,” “seek,” “may,” “will,” “expect,” “believe,” “anticipate,” “intend,” “could,” “estimate” or “continue” are intended to identify forward-looking statements. For example, we are using forward-looking statements when we are discussing the entry into a definitive agreement, the implementation of bGen™ TES in India, and the potential of such implementation to help India transition to a have half of its energy supply from renewables by 2030. Readers are cautioned that certain important factors may affect the Company’s actual results and could cause such results to differ materially from any forward-looking statements that may be made in this press release. Factors that may affect the Company’s results include, but are not limited to, the Company’s planned level of revenues and capital expenditures, the demand for and market acceptance of our products, impact of competitive products and prices, product development, commercialization or technological difficulties, the success or failure of negotiations and trade, legal, social and economic risks and the risks associated with the adequacy of existing cash resources. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s Annual Report on Form 20-F for the year ended December 31, 2022 filed with the U.S. Securities and Exchange Commission (“SEC”) on March 22, 2023 and the Company’s other filings with the SEC, which are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Contacts
Media:
Tori Bentkover
[email protected]
Copeland Appoints New Chief Financial Officer
Sean Lannon brings more than 20 years of experience in finance, chemicals and global manufacturing to HVACR industry leader
ST. LOUIS–(BUSINESS WIRE)–Copeland, a global provider of sustainable climate solutions, has announced that Sean Lannon will join the company in August as the Chief Financial Officer (CFO) for the organization. In May, Blackstone, the world’s largest alternative asset manager, acquired a majority stake in Copeland, formerly Emerson Climate Technologies, marking a significant milestone in the HVAC and refrigeration (HVACR) industry leader’s journey to advance the next generation of climate technologies.
“Sean brings with him vast experience across numerous industries within the industrial manufacturing sector. With his finance and leadership experience, Sean will be a key addition to the Copeland team as we grow and strengthen the Copeland business through our focus on developing and delivering sustainable technologies for the HVACR and industrial compression industry,” said Copeland Chief Executive Officer Ross B. Shuster. “We look forward to welcoming Sean to Copeland as we build out our leadership team.”
An experienced leader in both public and private companies, Lannon joins Copeland from Axalta (NYSE: AXTA), where he most recently served as the company’s CFO. Lannon was a key member of the team that led Axalta’s transformation to a standalone company and the transition of the company from private ownership to its public listing in 2014. Prior to joining Axalta, Lannon held financial roles at Trinseo, Endo Pharmaceuticals and PricewaterhouseCoopers. He holds a Bachelor of Science degree in accounting from Philadelphia University.
“It’s an exciting time to join Copeland as it transitions to a leading, standalone company in the HVACR and industrial compression industry. As I looked to join Copeland, I was impressed by the company’s focus on scaling decarbonization, accelerating electrification and delivering value to its customers,” said Lannon. “Copeland is poised to play a critical role in influencing how sustainability plays into society.”
Learn more about Copeland’s sustainable solutions at Copeland.com.
About Copeland
Copeland, a global provider of sustainable climate solutions, combines category-leading brands in compression, controls, software and monitoring for heating, cooling and refrigeration. With best-in-class engineering and design and the broadest portfolio of modulated solutions, we’re not just setting the standard for compressor leadership; we’re pioneering its evolution. Combining our technology with our smart energy management solutions, we can regulate, track and optimize conditions to help protect temperature-sensitive goods over land and sea, while delivering comfort in any space. Through energy-efficient products, regulation-ready solutions and expertise, we’re revolutionizing the next generation of climate technology for the better. For more information, visit copeland.com.
Contacts
Libby Panke
[email protected]
Copeland Appoints New Chief Financial Officer
Sean Lannon brings more than 20 years of experience in finance, chemicals and global manufacturing to HVACR industry leader
ST. LOUIS–(BUSINESS WIRE)–Copeland, a global provider of sustainable climate solutions, has announced that Sean Lannon will join the company in August as the Chief Financial Officer (CFO) for the organization. In May, Blackstone, the world’s largest alternative asset manager, acquired a majority stake in Copeland, formerly Emerson Climate Technologies, marking a significant milestone in the HVAC and refrigeration (HVACR) industry leader’s journey to advance the next generation of climate technologies.
“Sean brings with him vast experience across numerous industries within the industrial manufacturing sector. With his finance and leadership experience, Sean will be a key addition to the Copeland team as we grow and strengthen the Copeland business through our focus on developing and delivering sustainable technologies for the HVACR and industrial compression industry,” said Copeland Chief Executive Officer Ross B. Shuster. “We look forward to welcoming Sean to Copeland as we build out our leadership team.”
An experienced leader in both public and private companies, Lannon joins Copeland from Axalta (NYSE: AXTA), where he most recently served as the company’s CFO. Lannon was a key member of the team that led Axalta’s transformation to a standalone company and the transition of the company from private ownership to its public listing in 2014. Prior to joining Axalta, Lannon held financial roles at Trinseo, Endo Pharmaceuticals and PricewaterhouseCoopers. He holds a Bachelor of Science degree in accounting from Philadelphia University.
“It’s an exciting time to join Copeland as it transitions to a leading, standalone company in the HVACR and industrial compression industry. As I looked to join Copeland, I was impressed by the company’s focus on scaling decarbonization, accelerating electrification and delivering value to its customers,” said Lannon. “Copeland is poised to play a critical role in influencing how sustainability plays into society.”
Learn more about Copeland’s sustainable solutions at Copeland.com.
About Copeland
Copeland, a global provider of sustainable climate solutions, combines category-leading brands in compression, controls, software and monitoring for heating, cooling and refrigeration. With best-in-class engineering and design and the broadest portfolio of modulated solutions, we’re not just setting the standard for compressor leadership; we’re pioneering its evolution. Combining our technology with our smart energy management solutions, we can regulate, track and optimize conditions to help protect temperature-sensitive goods over land and sea, while delivering comfort in any space. Through energy-efficient products, regulation-ready solutions and expertise, we’re revolutionizing the next generation of climate technology for the better. For more information, visit copeland.com.
Contacts
Libby Panke
[email protected]
Dalrada’s Energy Services’ Subsidiary Licenses its Intellectual Property and Technical Knowledge to Pando Infrastructure
The move consolidates an advanced suite of energy services to deliver streamlined sustainability projects for clients.
SAN DIEGO–(BUSINESS WIRE)–#dalrada—Dalrada Corporation (OTCQB: DFCO, “Dalrada”), an innovative company focused on global transformative environmental advancements to mitigate the negative impacts of climate change, today announced that its energy subsidiary, Dalrada Energy Services, has licensed its intellectual property and sustainable energy technical knowledge to Pando Infrastructure.
In a move further expanding Dalrada’s energy sustainability efforts, the company approved Pando’s acquisition of specific assets pertaining to the right of sales including intellectual property, methods of implementation, and fulfillment of current and future project opportunities.
Pando provides engineering expertise and software integration for clients while providing scalable project opportunities and better pathways of funding to deliver comprehensive and robust energy services offerings. Tom Giles, former President of Dalrada Energy Services, joined Pando as a partner due to his energy sector and business development experience and his ability to connect multiple aspects of complex energy products.
“Pando Infrastructure is extremely excited about continuing its partnership with Dalrada to sell the highest quality heat pumps and chillers in the market as part of our ECM approach,” said Giles. He continued, “It’s extremely important to our team that we did this in a way that allows us to transition the Dalrada Energy Services clients and prospects to Pando, but at the same time, bring more resources and options to clients. Things like financing projects becomes much easier and smoother with Pando as a privately-held organization. The desire and capital ready to be poured into sustainable infrastructure projects are higher than ever. For instance, the Inflation Reduction Act alone contains $400 billion that is being directed to clean energy projects. By creating value across the entire ecosystem—from banks to direct lenders to owner-operators, industrial plants and universities, Pando eliminates these inconsistencies and creates trust across the entire network.”
Dalrada and Pando expect the ongoing partnership to strengthen business synergies, ultimately propelling both companies to new heights within the energy and sustainability markets.
“Dalrada’s agreement with Pando Infrastructure allows for the consolidation of our advanced suite of energy products and services together with Pando’s unique end-to-end support to drive projects and help clients reach their corporate sustainability goals,” according to Brian Bonar, Dalrada CEO and Founder. “We look forward to collaborating with Pando’s expert team to design, build, finance, and manage innovative ways to implement proven ESG and energy management strategies that are specifically tailored to client needs.”
With the right of sales, Dalrada will be able to focus more intently on building and manufacturing its advanced climate technology machinery, most notably, the company’s heat pumps, while Pando will become a leading global supplier of heat pumps and other climate-friendly products from Dalrada.
Pando will continue to work alongside its preferred network of business partners, bringing together engineering and design experts as well as finance solutions to grow client businesses and help them meet their sustainability goals.
News of the right of sales follows Dalrada’s recent announcement of the company’s new Las Vegas-based heat pump showroom and demonstration site.
About Dalrada Financial Corporation
Dalrada Financial Corporation (Dalrada) is a progressive organization that drives innovation to positively impact people, businesses, and the planet. The company owns and operates a global group of clean energy, advanced technology, and precision manufacturing companies and produces disruptive technology products and services that mitigate the negative impact of climate change.
Dalrada companies are on the leading edge of developing and applying innovative eco-sensitive next-generation science, engineering, and technology, serving a broad range of industries and governments. The company’s products and services significantly reduce energy costs and remove barriers for its clients, creating a more sustainable and prosperous future.
Dalrada’s subsidiaries and strategic partners operate in the United States, United Kingdom, India, and Spain, and are centrally managed from the company’s San Diego, CA headquarters. For more information, please visit www.dalrada.com, and follow us on LinkedIn, Facebook, and Twitter.
About Pando Infrastructure
Pando Infrastructure creates end-to-end energy service solutions for its clients. The company integrates proven engineering expertise and software integration while providing scalable project opportunities. Pando brings together industry leaders from the energy and sustainability markets and works with design, engineering, and finance specialists to help grow client businesses.
The company is headquartered in San Francisco and has offices strategically located in the U.S., including New York, Philadelphia, and Virginia. For more information, please visit www.pandoinfrastructure.com.
Disclaimer
Statements in this press release that are not historical facts are forward-looking, including statements regarding future revenues and sales projections, plans for future financing, the ability to meet operational milestones, marketing arrangements and plans, and shipments to and regulatory approvals in international markets. Such statements reflect management’s current views, are based on certain assumptions, and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company’s expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the Company’s success are more fully disclosed in the Company’s most recent public filings with the US Securities and Exchange Commission (“SEC”), including its annual report on Form 10-K.
Contacts
Michael Eslinger
[email protected]
MARKET AWARENESS
Stockwatchindex, LLC
442-287-8059
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Dalrada’s Energy Services’ Subsidiary Licenses its Intellectual Property and Technical Knowledge to Pando Infrastructure
The move consolidates an advanced suite of energy services to deliver streamlined sustainability projects for clients.
SAN DIEGO–(BUSINESS WIRE)–#dalrada—Dalrada Corporation (OTCQB: DFCO, “Dalrada”), an innovative company focused on global transformative environmental advancements to mitigate the negative impacts of climate change, today announced that its energy subsidiary, Dalrada Energy Services, has licensed its intellectual property and sustainable energy technical knowledge to Pando Infrastructure.
In a move further expanding Dalrada’s energy sustainability efforts, the company approved Pando’s acquisition of specific assets pertaining to the right of sales including intellectual property, methods of implementation, and fulfillment of current and future project opportunities.
Pando provides engineering expertise and software integration for clients while providing scalable project opportunities and better pathways of funding to deliver comprehensive and robust energy services offerings. Tom Giles, former President of Dalrada Energy Services, joined Pando as a partner due to his energy sector and business development experience and his ability to connect multiple aspects of complex energy products.
“Pando Infrastructure is extremely excited about continuing its partnership with Dalrada to sell the highest quality heat pumps and chillers in the market as part of our ECM approach,” said Giles. He continued, “It’s extremely important to our team that we did this in a way that allows us to transition the Dalrada Energy Services clients and prospects to Pando, but at the same time, bring more resources and options to clients. Things like financing projects becomes much easier and smoother with Pando as a privately-held organization. The desire and capital ready to be poured into sustainable infrastructure projects are higher than ever. For instance, the Inflation Reduction Act alone contains $400 billion that is being directed to clean energy projects. By creating value across the entire ecosystem—from banks to direct lenders to owner-operators, industrial plants and universities, Pando eliminates these inconsistencies and creates trust across the entire network.”
Dalrada and Pando expect the ongoing partnership to strengthen business synergies, ultimately propelling both companies to new heights within the energy and sustainability markets.
“Dalrada’s agreement with Pando Infrastructure allows for the consolidation of our advanced suite of energy products and services together with Pando’s unique end-to-end support to drive projects and help clients reach their corporate sustainability goals,” according to Brian Bonar, Dalrada CEO and Founder. “We look forward to collaborating with Pando’s expert team to design, build, finance, and manage innovative ways to implement proven ESG and energy management strategies that are specifically tailored to client needs.”
With the right of sales, Dalrada will be able to focus more intently on building and manufacturing its advanced climate technology machinery, most notably, the company’s heat pumps, while Pando will become a leading global supplier of heat pumps and other climate-friendly products from Dalrada.
Pando will continue to work alongside its preferred network of business partners, bringing together engineering and design experts as well as finance solutions to grow client businesses and help them meet their sustainability goals.
News of the right of sales follows Dalrada’s recent announcement of the company’s new Las Vegas-based heat pump showroom and demonstration site.
About Dalrada Financial Corporation
Dalrada Financial Corporation (Dalrada) is a progressive organization that drives innovation to positively impact people, businesses, and the planet. The company owns and operates a global group of clean energy, advanced technology, and precision manufacturing companies and produces disruptive technology products and services that mitigate the negative impact of climate change.
Dalrada companies are on the leading edge of developing and applying innovative eco-sensitive next-generation science, engineering, and technology, serving a broad range of industries and governments. The company’s products and services significantly reduce energy costs and remove barriers for its clients, creating a more sustainable and prosperous future.
Dalrada’s subsidiaries and strategic partners operate in the United States, United Kingdom, India, and Spain, and are centrally managed from the company’s San Diego, CA headquarters. For more information, please visit www.dalrada.com, and follow us on LinkedIn, Facebook, and Twitter.
About Pando Infrastructure
Pando Infrastructure creates end-to-end energy service solutions for its clients. The company integrates proven engineering expertise and software integration while providing scalable project opportunities. Pando brings together industry leaders from the energy and sustainability markets and works with design, engineering, and finance specialists to help grow client businesses.
The company is headquartered in San Francisco and has offices strategically located in the U.S., including New York, Philadelphia, and Virginia. For more information, please visit www.pandoinfrastructure.com.
Disclaimer
Statements in this press release that are not historical facts are forward-looking, including statements regarding future revenues and sales projections, plans for future financing, the ability to meet operational milestones, marketing arrangements and plans, and shipments to and regulatory approvals in international markets. Such statements reflect management’s current views, are based on certain assumptions, and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company’s expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the Company’s success are more fully disclosed in the Company’s most recent public filings with the US Securities and Exchange Commission (“SEC”), including its annual report on Form 10-K.
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