Market Newsdesk

HAMILTON, Bermuda, Nov. 12, 2020 /PRNewswire/ — Borr Drilling Limited (the “Company”) (NYSE: “BORR”, OSE: “BDRILL”) advises that a Special General Meeting of the Company was held on November 11, 2020 at 09:30 AST at 2nd Floor, The S.E. Pearman Building, 9 Par-la-Ville Road, Hamilton HM 11, Bermuda

The following resolution was passed:

To approve the increase of the Company’s authorized share capital from US$11,182,692.30 divided into 223,653,846 common shares of US$0.05 par value each to US$11,932,692.30 divided into 238,653,846 common shares of US$0.05 par value each by the authorization of an additional 15,000,000 common shares of US$0.05 par value each.

Media Contact:

Magnus Vaaler

VP Investor Relations and Treasury
+47-22-48-30-00

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SOURCE Borr Drilling Limited

OSLO, Norway, Nov. 12, 2020 /PRNewswire/ — On 30 June 2020 Nel Hydrogen Fueling, a division of Nel ASA (Nel, OSE:NEL), received a purchase order for multiple H2Station™ units for fueling of light-duty vehicles in California from Iwatani Corporation of America, a wholly owned subsidiary of Iwatani Corporation (8088: Tokyo Stock Exchange).

“We are very honored that Iwatani and Toyota have selected our H2Station™ hydrogen fueling station solutions for strengthening the hydrogen infrastructure in Southern California. The stations will serve existing as well as new fuel cell electric vehicles, such as the next generation Toyota Mirai, with zero-emission fuel, at the same convenience as conventional fuels. With our Nel Inc. entity currently based in the San Francisco area we now look forward to expanding our business in California and supporting Iwatani,” says Ulrik Torp Svendsen, Key Account Manager, Nel Hydrogen Fueling.

The value of the purchase order was in excess of NOK 150 million, and included 14 H2Station™ modules which will be installed in 2021 on 7 sites in California, US for fueling of passenger vehicles.

Link to press-release from Iwatani and Toyota: https://pressroom.toyota.com/iwatani-corporation-of-america-and-toyota-collaborate-to-bring-seven-new-hydrogen-refueling-stations-to-southern-california/

For further information, please contact:

Jon André Løkke
CEO, +47-907-44-949

Bjørn Simonsen
VP Investor Relations & Corporate Communication
+47-971-79 821

About Nel ASA | www.nelhydrogen.com

Nel is a global, dedicated hydrogen company, delivering optimal solutions to produce, store, and distribute hydrogen from renewable energy. We serve industries, energy, and gas companies with leading hydrogen technology. Our roots date back to 1927, and since then, we have had a proud history of development and continuous improvement of hydrogen technologies. Today, our solutions cover the entire value chain: from hydrogen production technologies to hydrogen fueling stations, enabling industries to transition to green hydrogen, and providing fuel cell electric vehicles with the same fast fueling and long range as fossil-fueled vehicles – without the emissions.

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SOURCE NEL ASA

STOCKHOLM, Nov. 12, 2020 /PRNewswire/ — “On August 13^th, we announced a €19.8m acquisition of a majority stake of 62.7% in Genkyotex, a publicly listed life science company in France. We are very excited about this acquisition, which complements our existing and long-standing focus on inflammatory disease. This provides us with a platform with anti-fibrotic and anti-inflammatory compounds, with which we believe can continue to address unmet medical need in orphan diseases and bring solutions to patients across many different therapeutic areas. We believe that we have significant opportunities to leverage this platform to the benefit of patients suffering from fibrotic diseases. We believe that the late stage development, CMC and regulatory expertise which exists in Calliditas can significantly support and enhance the important fundamentals put in place by Genkyotex. We are confident that this will be value driving, for all the company’s stakeholders, over the near and medium term.

After the close of the quarter, on November 8^th, we reported positive topline results from Part A of our pivotal Phase 3 trial, NefIgArd. The strong data set confirms the results seen in the successful Phase 2b trial and provides further support for locally treating IgAN at the source, offering patients hope of disease modification. We will now assemble the regulatory file and submit for accelerated approval with the FDA and conditional approval with EMA, which is planned for Q1 and H1 respectively next year.”

Renée Aguiar-Lucander, CEO

Summary of Q3 2020

July 1 – September 30, 2020

• No net sales were recognized for the three months ended September 30, 2020 and 2019, respectively.
• Operating loss amounted to SEK 104.9 million and SEK 52.6 million for the three months ended September 30, 2020 and 2019, respectively.
• Loss before income tax amounted to SEK 137.9 million and SEK 50.1 million for the three months ended September 30, 2020 and 2019, respectively.
• Loss per share before and after dilution amounted to SEK 2.77 and SEK 1.30, for the three months ended September 30, 2020 and 2019, respectively.
• Cash amounted to SEK 1,396.9 million and SEK 805.1 million as of September 30, 2020 and 2019, respectively.

Significant events during Q3 2020, in summary

• In July 2020, Calliditas announced the exercise of the partial over-allotment option from the IPO on The Nasdaq Global Select Market. Calliditas was thereby provided with additional gross proceeds of approximately USD 6.9 million (approximately SEK 63 million) before deduction of issuance costs.
• In August 2020, Calliditas announced it has reached an agreement to acquire a controlling interest in Genkyotex SA, a leader in NOX inhibition therapies.

Significant events after the end of reporting period, in summary

• In November 2020, Calliditas acquired a controlling interest in Genkyotex SA representing 62,7%.
• In November 2020, Calliditas announced positive topline results from Part A from the pivotal Phase 3 NefIgArd trial.

Investor Presentation November 12, 14:30 CET

Audio cast with teleconference, Q3 2020, November 12, 2020, 14:30 (Europe/Stockholm)

Webcast: https://tv.streamfabriken.com/calliditas-therapeutics-q3-2020  

Teleconference: SE: +46856642707 UK: +443333009034 US: +18332498405

Financial calendar

Year-end report for the period January 1 – December 31, 2020  February 18, 2021

Interim report for the period January 1 – March 31, 2021  May 13, 2021

Interim report for the period January 1 – June 30, 2021  August 19, 2021

Interim report for the period January 1 – September 30, 2021  November 18, 2021

For further information, please contact:

Renée Aguiar-Lucander, CEO at Calliditas
Email: [email protected]

Mikael Widell, Investor Relations
Email: [email protected]
Telephone: +46 703 11 99 60

The information in the press release is information that Calliditas is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 07:00 CET on November 12, 2020.

About Calliditas Therapeutics

Calliditas Therapeutics is a specialty pharmaceutical company based in Stockholm, Sweden. It is focused on developing high quality pharmaceutical products for patients with a significant unmet medical need in niche indications, in which the Company can partially or completely participate in the commercialization efforts. The Company is focused on the development and commercialization of the product candidate Nefecon, a unique two-step formulation optimized to combine a time lag effect with a concentrated release of the active substance budesonide, within a designated target area. This patented, locally acting formulation is intended for treatment of patients with the inflammatory renal disease IgA nephropathy (IgAN). Calliditas Therapeutics is running a global Phase 3 study within IgAN and aims to commercialize Nefecon in the US. The company is listed on Nasdaq Stockholm (ticker: CALTX). Visit www.calliditas.com  for further information.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including, without limitation, statements regarding Calliditas’ strategy, business plans and focus. The words “may,” “will,” “could,” “would,” “should,” “expect,” “plan,” “anticipate,” “intend,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “target” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Any forward-looking statements in this press release are based on management’s current expectations and beliefs and are subject to a number of risks, uncertainties and important factors that may cause actual events or results to differ materially from those expressed or implied by any forward-looking statements contained in this press release, including, without limitation, any related to Calliditas” business, operations, clinical trials, supply chain, strategy, goals and anticipated timelines, competition from other biopharmaceutical companies, and other risks identified in the section entitled “Risk Factors” Calliditas’ reports filed with the Securities and Exchange Commission. Calliditas cautions you not to place undue reliance on any forward-looking statements, which speak only as of the date they are made. Calliditas disclaims any obligation to publicly update or revise any such statements to reflect any change in expectations or in events, conditions or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements. Any forward-looking statements contained in this press release represent Calliditas” views only as of the date hereof and should not be relied upon as representing its views as of any subsequent date.

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SOURCE Calliditas Therapeutics

NEW YORK, Nov. 12, 2020 /PRNewswire/ — Wix.com Ltd. (Nasdaq: WIX) today reported strong financial results for the third quarter ended September 30, 2020, exceeding the high end of its guidance ranges for revenue, collections and free cash flow. In addition, the Company provided its outlook for the fourth quarter of 2020.

“Demand for an online presence continues to remain at high levels,” said Avishai Abrahami, Co-founder and CEO of Wix. “Businesses are using Wix more than ever before, and we are seeing them utilize our platform to not only help them create a website, but also to support them as they manage their business and grow their brands. Our web creation products and business solutions have enabled millions of our users to achieve success despite the ongoing difficulties that they are facing.”

Lior Shemesh, CFO of Wix, added, “Our strong results in Q3 were driven by continued high levels of demand from new users for our website creation products and business solutions as well as the ongoing monetization of users who joined Wix over the most recent quarters. Users that joined Wix during Q3 purchased subscriptions at higher rates that we have seen in several years and at higher prices. This significant growth in new users, as well as our continued execution in product development and marketing, position us well to drive growth in 2021 and beyond.”

Nir Zohar, President and COO, said, “Throughout Q3, even as parts of the world began re-opening economies, we experienced strong growth, which demonstrates the new state of mind for people and businesses about the need for an online presence. Our teams across the globe continue to execute at their highest levels throughout this tumultuous time, providing world class solutions for those in need of an online presence. We remain focused on meeting the needs of users who come to Wix to create, manage and grow their businesses and brands online.”

Q3 2020 Financial Results

• Total revenue in the third quarter of 2020 was $254.2 million, compared to $196.8 million in the third quarter of 2019, an increase of 29% y/y
• Creative Subscriptions revenue in the third quarter of 2020 was $203.0 million, compared to $164.8 million in the third quarter of 2019, an increase of 23% y/y
• Business Solutions revenue in the third quarter of 2020 was $51.2 million, compared to $32.0 million in the third quarter of 2019, an increase of 60% y/y
• Creative Subscriptions ARR was $840.5 million in the third quarter of 2020, compared to $680.4 million in the third quarter of 2019, an increase of 24% y/y
• Total collections in the third quarter of 2020 were $280.9 million, compared to $205.9 million in the third quarter of 2019, an increase of 36% y/y
• Creative Subscriptions collections in the third quarter of 2020 were $228.3 million, compared to $173.6 million in the third quarter of 2019, an increase of 32% y/y
• Business Solutions collections in the third quarter of 2020 were $52.6 million, compared to $32.3 million in the third quarter of 2019, an increase of 63% y/y
• Total gross margin on a GAAP basis in the third quarter of 2020 was 69%, compared to 73% in the third quarter of 2019. The y/y decline was related to incremental investments in Customer Care, hosting and the faster revenue growth of the Business Solutions segment
• Creative Subscriptions gross margin on a GAAP basis was 79%, compared to 81% in the third quarter of 2019. The y/y decline was related to the investment in expanding our Customer Care organization and higher hosting costs to serve the increased number of users
• Business Solutions gross margin on a GAAP basis was 29% compared to 32% in the third quarter of 2019. The y/y decline was related primarily to the growth of Wix Payments, the expansion of Customer Care and higher hosting costs to meet the increased number of users
• Total non-GAAP gross margin in the third quarter of 2020, calculated as non-GAAP gross profit as a percent of revenue, was 70%, compared to 74% in the third quarter of 2019. The y/y decline was related to incremental investments in Customer Care, hosting and the faster revenue growth of the Business Solutions segment
• Creative Subscriptions gross margin on a non-GAAP basis was 80%, compared to 82% in the third quarter of 2019. The y/y decline was related to the investment in expanding our Customer Care organization and higher hosting costs to serve the increased number of users
• Business Solutions gross margin on a non-GAAP basis was 31%, compared to 33% in the third quarter of 2019. The y/y decline was related primarily to the growth of Wix Payments, the expansion of Customer Care and higher hosting costs to meet the increased number of users
• GAAP net loss in the third quarter of 2020 was $(56.8) million, or $(1.03) per share, compared to a net loss of $(17.4) million, or $(0.34) per share, for the third quarter of 2019
• Non-GAAP net loss in the third quarter of 2020 was $(8.0) million, or $(0.14) per share, compared to non-GAAP net income of $20.8 million, or $0.41 per share, for the third quarter of 2019
• Net cash provided by operating activities in the third quarter of 2020 was $24.5 million, while capital expenditures totaled $5.1 million, leading to free cash flow of $19.4 million, compared to $29.2 million of free cash flow in the third quarter of 2019, a (34)% y/y decrease
• Excluding the capex investment associated with our new headquarters office build out, free cash flow would have been $20.2 million, a decrease of (31)% y/y
• Added 302,000 net premium subscriptions in the third quarter of 2020, a 164% increase y/y, to reach 5.3 million as of September 30, 2020, a 20% increase over the total number of premium subscriptions at the end of the third quarter of 2019
• Added 7.8 million registered users in the third quarter of 2020, a 42% increase y/y. Registered users as of September 30, 2020 were 189 million, representing a 19% increase compared to the end of the third quarter of 2019

Recent Business Highlights

• In August, Wix issued $575 million of 0% convertible senior notes due 2025. The size of the offering was upsized from the initial base offering and includes the over-allotment option that the initial purchasers exercised in full. In connection with this offering, Wix entered into negotiated capped call transactions that are expected generally to reduce the potential dilution to the ordinary shares of Wix upon any conversion of Notes and/or to offset any cash payments Wix is required to make in excess of the principal amount of converted Notes, as the case may be, with such reduction and/or offset subject to a cap. Proceeds from the offering were partially used to pay for the capped call transactions with the remaining net proceeds to be used for potential acquisitions or general corporate purposes
• Announced Wix Capital, an internal venture arm that invests in technology innovators that are focused on the future of the web and that look to accelerate how businesses operate in today’s evolving digital landscape
• Partnered with Vodafone to bring Wix to the Vodafone Business Marketplace platform, enabling its customers to build an online presence. The Vodafone partnership was a key milestone for the Wix Channels initiative, which expands Wix’s global growth by enabling international service providers to sell Wix website subscriptions and business solutions directly to their customers
• Announced the expansion of the Wix Playground Academy, an intensive web design program, into Europe in January 2021. The Academy bridges the gap between design school and the professional world and helps designers elevate their multidisciplinary design experience
• Enabled merchants to offer their buyers installment payment plans for purchases. Wix now offers Afterpay in the US, Australia and New Zealand and Clearpay in the UK as well as Laybuy in the UK, Australia and New Zealand

Financial Outlook

Despite the continued uncertainty surrounding the pandemic, we remain focused on being a destination for creators and businesses to move and grow online. Our Q4 guidance reflects the new state of mind of creators and businesses about the importance of an online presence and the continuation of demand for our offering.

Our outlook is also underscored by continued gains from investments in our business, including improving and growing our Customer Care organization, bolstering our hosting infrastructure and increasing marketing activities. We believe these investments will continue to drive positive returns.

We are introducing Q4 guidance as follows:

Conference Call and Webcast Information

Wix will host a conference call at 8:30 a.m. ET on Thursday, November 12, 2020 to answer questions about the financial and operational performance of the business for the third quarter ended September 30, 2020. The conference call will include a brief statement by management and will focus on answering questions about our results during the quarter. To enhance the Q&A portion of this call, the Company has posted a shareholder update and supporting slides to its Investor Relations website at https://investors.wix.com/. These materials provide shareholders and analysts with additional detail for analyzing results in advance of the quarterly conference call.

To participate on the live call, analysts and investors should dial +1-877-667-0467 (US/ Canada), +1-346- 354-0953 (International) or 1-809-315-362 (Israel) at least ten minutes prior to the start time of the call and reference Conference ID 4409229. A telephonic replay of the call will be available through November 19, 2020 at 11:30 a.m. ET by dialing +1-855-859-2056 and providing Conference ID 4409229.

Wix will also offer a live and archived webcast of the conference call, accessible from the “Investor Relations” section of the Company’s website at https://investors.wix.com/.

About Wix.com Ltd.

Wix
 is leading the way with a cloud-based website development platform for over 189 million registered users worldwide today. The Wix website builder was founded on the belief that the Internet should be accessible to everyone to develop, create and contribute. Through free and premium subscriptions, Wix empowers millions of businesses, organizations, artists, and individuals to take their businesses, brands and workflow online. The Wix Editor, Wix ADI, Editor X, a highly curated App Market, Ascend by Wix and Corvid by Wix enable users to build and manage a fully integrated and dynamic digital presence. Wix’s headquarters are in Tel Aviv with offices in Austin, Be’er Sheva, Berlin, Cedar Rapids, Denver, Dnipro, Dublin, Kiev, Los Angeles, Miami, New York, San Francisco, São Paulo, Tokyo and Vilnius. 

Visit us: on our blog, Facebook, Twitter, Instagram, LinkedInand Pinterest
Download: Wix App is available for free on Google Play and in the App Store 
For more about Wix please visit our Press Room 

Non-GAAP Financial Measures

To supplement its consolidated financial statements, which are prepared and presented in accordance with U.S.  GAAP,  Wix  uses  the  following  non-GAAP  financial   measures:   collections,   cumulative   cohort collections, collections  on  a  constant  currency  basis,  revenue  on  a  constant  currency  basis,  non-GAAP  gross  margin,  non-GAAP  operating  income (loss),  non-GAAP  net   income (loss),  non-GAAP  net  income (loss)  per  share,  free  cash  flow, free cash flow, as adjusted, free cash flow margins, non-GAAP R&D expenses, non-GAAP S&M expenses, non-GAAP G&A expenses, non-GAAP operating expenses, non-GAAP cost of revenue expense, non-GAAP tax expense (collectively the “Non-GAAP financial measures”). Measures presented on a constant currency or FX neutral basis have been adjusted to exclude the effect of y/y changes in foreign currency exchange rate fluctuations. Collections represent  the  total  cash  collected  by  us  from our customers in a given period and is calculated by adding the change in deferred revenues for a particular period to revenues for the same period.  Non-GAAP  gross  margin  represents gross profit calculated in accordance with GAAP as adjusted for the impact of share-based compensation expense, acquisition-related expenses and amortization, divided  by  revenue.  Non-GAAP operating income (loss) represents operating income (loss) calculated in accordance with GAAP as adjusted for the impact of  share-based  compensation  expense,  amortization,  acquisition-related  expenses  and  sales tax expense  accrual. Non-GAAP  net  income (loss) represents  net  loss  calculated  in  accordance  with  GAAP as adjusted for the impact of share-based compensation expense, amortization, sales tax expense accrual, amortization of  debt  discount  and  debt  issuance  costs  and  acquisition-related  expenses  and non-operating foreign exchange expenses (income). Non-GAAP net income (loss) per share represents non-GAAP net income (loss) divided by the weighted average number of shares used in computing GAAP loss per share. Free cash flow represents net cash provided by (used in) operating activities less capital expenditures. Free cash flow, as adjusted, represents free cash flow further adjusted to exclude capital expenditures associated with our new headquarters. Free cash flow margins represent free cash flow divided by revenue. Non-GAAP cost of revenue represents cost of revenue calculated in accordance with GAAP as adjusted for the impact of share-based compensation expense, acquisition-related expenses and amortization. Non-GAAP R&D expenses represent R&D expenses calculated in accordance with GAAP as adjusted for the impact of share-based compensation expense, acquisition-related expenses and amortization. Non-GAAP S&M expenses represent S&M expenses calculated in accordance with GAAP as adjusted for the impact of share-based compensation expense, acquisition-related expenses and amortization. Non-GAAP G&A expenses represent G&A expenses calculated in accordance with GAAP as adjusted for the impact of share-based compensation expense, acquisition-related expenses and amortization. Non-GAAP operating expenses represent operating expenses calculated in accordance with GAAP as adjusted for the impact of share-based compensation expense, acquisition-related expenses and amortization.

The presentation of this financial  information  is  not  intended  to  be considered in isolation or as a substitute for, or superior to, the financial information  prepared  and  presented  in  accordance  with  GAAP.  The  Company uses these non-GAAP financial measures for financial and operational decision  making  and  as  a means to  evaluate  period-to-period  comparisons.  The  Company  believes  that  these  measures  provide  useful information about operating results, enhance  the overall understanding of past financial performance  and  future  prospects,  and  allow  for  greater  transparency with respect to key metrics used by management in its financial and operational decision making.

For more information on the  non-GAAP  financial  measures,  please  see  the reconciliation tables provided below. The accompanying tables have more details on the GAAP financial measures  that  are  most  directly  comparable  to  non-GAAP  financial  measures  and  the  related reconciliations between these financial measures. The Company is unable to provide reconciliations of free cash flow, free cash flow, as adjusted, cumulative cohort collections, non-GAAP gross margin, and non-GAAP tax expense to their most directly comparable GAAP financial measures on a forward-looking basis without unreasonable effort because items that impact those GAAP financial measures are out of the Company’s control and/or cannot be reasonably predicted.  Such information may have a significant, and potentially unpredictable, impact on our future financial results.

Forward-Looking Statements

This document contains forward-looking statements, within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. Such forward-looking statements may include projections regarding our future performance, including, but not limited to revenue, collections and free cash flow, and may be identified by words like “anticipate,” “assume,” “believe,” “aim,” “forecast,” “indication,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “outlook,” “future,” “will,” “seek” and similar terms or phrases. The forward-looking statements contained in this document, including the fourth quarter guidance, are based on management’s current expectations, which are subject to uncertainty, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Important factors that could cause our actual results to differ materially from those indicated in the forward-looking statements include, among others, our ability to grow our user base and premium subscriptions, including through our Wix Partner Program; uncertainty surrounding the duration and severity of COVID-19 and its effects on our business, including changes in consumer dynamics shifting to online and increased GMV on our platform; our ability to create new and higher monetization opportunities from our premium subscriptions; our ability to enter into new markets, and attract new customer segments, and our ability to successfully enter into partnership agreements; our ability to maintain and enhance our brand and reputation; our prediction of the future collections generated by our user cohorts; our share repurchases made pursuant to our share repurchase plan; our ability to manage the growth of our infrastructure effectively; our ability to effectively execute our initiatives to scale and improve our user support function, including through the recent expansion of our Customer Solutions organization by engaging additional agents around the world to provide 24/7 support in nine different languages; the success of our sales efforts; customer acceptance and satisfaction of new products and other challenges inherent in new product development; changes to technologies used in our solutions; or changes in global, national, regional or local economic, business, competitive, market, regulatory and other factors discussed under the heading “Risk Factors” in the Company’s 2019 annual report on Form 20-F filed with the Securities and Exchange Commission on April 2, 2020. Any forward-looking statement made by us in this press release speaks only as of the date hereof. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise.

Investor Relations
:

Maggie O’Donnell


[email protected] 
914-267-7390

Media Relations:


[email protected]

 

 

 

 

 

 

 

 

 

 

 

 

 

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SOURCE Wix.com Ltd.

SANTA CLARA, Calif. and OSAKA, Japan, Nov. 12, 2020 /PRNewswire/ — Iwatani Corporation of America, a wholly owned subsidiary of Iwatani Corporation (8088: Tokyo Stock Exchange) and Toyota Motor North America (NYSE:TM) jointly announced on November 12 that Toyota will support Iwatani’s plans to significantly expand the number of open retail hydrogen-fueling stations by nearly 25 percent in Southern California, which represents an increase of 6,300 kilograms per day of hydrogen fuel-dispensing capacity. Construction of the new stations is anticipated to commence in early 2021, followed by commissioning of the first stations by midyear. All seven stations will be open to the public, providing hydrogen fuel to consumers in support of the rapidly growing demand for zero-emission fuel cell electric vehicles (FCEVs).

Image1: https://kyodonewsprwire.jp/prwfile/release/M105143/202011066778/_prw_PI1fl_Q16Od08P.jpg

Image2: https://kyodonewsprwire.jp/prwfile/release/M105143/202011066778/_prw_PI2fl_P4mBd2gz.jpg

The seven new retail stations will deploy the latest H2Station (TM) hydrogen fuel-dispensing technology provided by Nel Hydrogen. Each station will have two fueling positions and each will be capable of supplying up to 900 kilograms of hydrogen per day.

This expansion is Iwatani’s largest single investment to date in California and will bring the company’s total global hydrogen-refueling station network to 64.

Joseph S. Cappello, CEO of Iwatani Corporation of America, commented, “Iwatani is truly privileged to collaborate with Toyota and Nel Hydrogen, two leaders in the Hydrogen Society, to bring world-class, hydrogen-refueling technology to the California mobility market. The seven new stations in California are the latest demonstration of Iwatani’s commitment to investing in California’s light and heavy-duty hydrogen infrastructure and to create new jobs in the state.”

“Expanding the refueling station infrastructure in California is evidence of the growing demand for zero-emission vehicles, we look forward to supporting Iwatani America in this next phase,” said Doug Murtha, Toyota Motor North America’s group vice president of corporate strategy and planning. “Our second generation and all-new 2021 Toyota Mirai will be arriving at dealers later this year, so it’s the perfect time to grow the hydrogen-fueling network.”

Ulrik Torp Svendsen, Key Account Manager, Nel Hydrogen, commented, “From Nel we are very honored that Iwatani and Toyota have selected our H2Station (TM) hydrogen-fueling station solutions for strengthening the hydrogen infrastructure in Southern California. The stations will serve existing as well as new fuel cell electric vehicles, such as the next generation Toyota Mirai, with zero-emission fuel, at the same convenience as conventional fuels. With our Nel Inc. entity currently based in the San Francisco area, we now look forward to expanding our business in California and supporting Iwatani.”

About Iwatani Corporation’s Commitment to Hydrogen

Since 1941, Iwatani has regarded hydrogen as the ultimate clean energy source and has consistently engaged in initiatives to encourage its widespread use. Under the corporate slogan “A world where all enjoy true comfort — this is Iwatani’s desire,” Iwatani strives to solve environmental concerns with the aim of achieving a carbon-free society through the use of hydrogen.

Iwatani is Japan’s only fully integrated supplier of hydrogen and presently supplies its base of light and heavy-duty hydrogen-refueling stations and industrial customers via five liquid and ten gaseous hydrogen production plants throughout the country. In addition, Iwatani is a steering member of the Hydrogen Council, a global initiative of leading energy, transport and industry companies, with a united vision and long-term ambitions for hydrogen to foster the energy transition. Iwatani is developing hydrogen-refueling stations with the aim of stimulating new hydrogen demand and supporting the widespread distribution of FCEVs.

Relevant initiatives are being promoted in cooperation with Japan H2 Mobility, which was jointly established by infrastructure operators, automakers, financial investors and other stakeholders as the driving force for developing hydrogen-refueling stations. Iwatani participates in initiatives involving carbon-free hydrogen, including a demonstration project for the production, transportation and storage of large quantities of liquid hydrogen in Australia, and at the Fukushima Plan for a New Energy Society — one of the world’s largest hydrogen production projects, using renewable energy with zero CO2 emissions. In addition, Iwatani is an executive member of the California Fuel Cell Partnership and a member of the California Hydrogen Business Council and the Hydrogen Safety Council of the American Institute of Chemical Engineers.

Iwatani Corporation of America has headquarter offices in Houston, Texas, and Santa Clara, California.

About Toyota Motor

Toyota Motor (NYSE:TM) has been a part of the cultural fabric in the U.S. and North America for more than 60 years, and is committed to advancing sustainable, next-generation mobility through our Toyota and Lexus brands. During that time, Toyota has created a tremendous value chain as our teams have contributed to world-class design, engineering, and assembly of more than 40 million cars and trucks in North America, where we have 14 manufacturing plants, 15 including our joint venture in Alabama (10 in the U.S.), and directly employ more than 47,000 people (over 36,000 in the U.S.). Our 1,800 North American dealerships (nearly 1,500 in the U.S.) sold nearly 2.8 million cars and trucks (nearly 2.4 million in the U.S.) in 2019.

About Nel Hydrogen

Nel ASA (OSE:NEL) is a global, dedicated hydrogen company, delivering optimal solutions to produce, store and distribute hydrogen from renewable energy. We serve industries, energy and gas companies with leading hydrogen technology. Since its foundation in 1927, Nel has a proud history of development and continual improvement of hydrogen plants. Our hydrogen solutions cover the entire value chain from hydrogen production technologies to manufacturing of hydrogen fueling stations, providing all fuel cell electric vehicles with the same fast fueling and long range as conventional vehicles today.

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SOURCE Iwatani Corporation

FRANKFURT, Germany, Nov. 12, 2020 /PRNewswire/ — FRA/rap – In October 2020, Frankfurt Airport (FRA) served some 1.1 million passengers – an 83.4 percent decline compared to the same month last year.  FRA’s cumulative traffic during the January-to-October 2020 period fell by 71.6 percent, because of low passenger demand resulting from the persisting travel restrictions amid the Covid-19 pandemic. In contrast, Frankfurt Airport recorded very positive cargo performance, exceeding year-on-year levels for the first time since 15 months. In October 2020, FRA’s cargo throughput (comprising airfreight and airmail) grew by 1.6 percent to 182,061 metric tons – with cargo-only flights more than compensating for the ongoing capacity constraints for “belly freight” (transported on passenger aircraft). This high cargo demand can be attributed mainly to the upturn in global trade and the solid performance of the Eurozone’s industrial sector.

Aircraft movements at FRA decreased by 62.8 percent year-on-year to 17,105 takeoffs and landings in the reporting month. Accumulated maximum takeoff weights (MTOWs) contracted by 59.5 percent to about 1.1 million metric tons.

Across the Group, Fraport’s international airport portfolio continued to register widely varying traffic performance in October 2020. Some Group airports – particularly in Greece, Brazil and Peru – reported noticeably smaller declines in passenger traffic on a percentage basis compared to the preceding month.

Traffic at Slovenia’sLjubljana airport (LJU) fell by 89.1 percent year-on-year to 10,775 passengers. The Brazilian airports of Fortaleza (FOR) and Porto Alegre (POA) saw combined traffic sink by 57.5 percent to 569,453 passengers. Peru’s capital city airport in Lima (LIM) reported an 82.8 percent drop in traffic to 345,315 passengers, due to of the ongoing strong travel restrictions in international traffic.

At the 14 Greek regional airports, traffic decreased by 55.3 percent to some 1.1 million passengers.  On the Bulgarian Black Sea coast, the Twin Star airports of Burgas (BOJ) and Varna (VAR) together welcomed 56,415 passengers in October 2020, down 61.3 percent year-on-year.

Antalya Airport (AYT) on the Turkish Riviera posted a 55.3 percent drop in traffic to approximately 1.9 million passengers in the reporting month.  Russia’s Pulkovo Airport in St. Petersburg recorded a 33.3 percent fall in traffic to around 1.1 million passengers. In China, Xi’an Airport (XIY) received about 3.6 million passengers – representing a 12.7 percent dip in traffic compared to the same month last year.  

Print-quality photos of Fraport AG and Frankfurt Airport are available for free downloading via the photo library on the Fraport Web site. For TV news and information broadcasting purposes only, we also offer free footage material for downloading.  If you wish to meet a member of our Media Relations team when at Frankfurt Airport, please do not hesitate to contact us. Our contact details are available here.

For further information about Fraport AG please click here.

 

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SOURCE Fraport AG

SANTA CLARA, Calif., Nov. 12, 2020 /PRNewswire/ — Iwatani Corporation of America, a wholly owned subsidiary of Iwatani Corporation (Tokyo Stock Exchange: 8088) and Toyota Motor North America (NYSE: TM) jointly announced today that Toyota will support Iwatani’s plans to significantly expand the number of open retail hydrogen fueling stations by nearly 25 percent in Southern California and represents an increase of 6,300 kilograms per day of hydrogen fuel dispensing capacity. Construction of the new stations is anticipated to commence in early 2021 followed by commissioning of the first stations by midyear. All seven stations will be open to the public, providing hydrogen fuel to consumers in support of the rapidly growing demand for zero-emission fuel cell electric vehicles (FCEVs).

The seven new retail stations will deploy the latest H2Station™ hydrogen fuel dispensing technology provided by Nel Hydrogen. Each station will have two fueling positions and each will be capable of supplying up to 900 kilograms of hydrogen per day.

This expansion is Iwatani’s largest to date single investment in California and will bring the company’s total global hydrogen refueling station network to 64.

Joseph S. Cappello, CEO of Iwatani Corporation of America, commented, “Iwatani is truly privileged to collaborate with Toyota and Nel Hydrogen, two leaders in the Hydrogen Society, to bring world-class, hydrogen re-fueling technology to the California mobility market. The seven new stations in California are the latest demonstration of Iwatani’s commitment to investing in California’s light and heavy-duty hydrogen infrastructure and to create new jobs in the state.”

“Expanding the refueling station infrastructure in California is evidence of the growing demand for zero emission vehicles, we look forward to supporting Iwatani America in this next phase,” said Doug Murtha, Toyota Motor North America’s group vice president of corporate strategy and planning. “Our second generation and all-new 2021 Toyota Mirai will be arriving at dealers later this year, so it’s the perfect time to grow the hydrogen fueling network.”

Ulrik Torp Svendsen, Key Account Manager, Nel Hydrogen commented, “From Nel we are very honored that Iwatani and Toyota have selected our H2Station™ hydrogen fueling station solutions for strengthening the hydrogen infrastructure in Southern California. The stations will serve existing as well as new fuel cell electric vehicles, such as the next generation Toyota Mirai, with zero-emission fuel, at the same convenience as conventional fuels. With our Nel Inc. entity currently based in the San Francisco area we now look forward to expanding our business in California and supporting Iwatani.” 

About Iwatani Corporation’s Commitment to Hydrogen

Since 1941, Iwatani has regarded hydrogen as the ultimate clean energy source and has consistently engaged in initiatives to encourage its widespread use. Under the corporate slogan “A world where all enjoy true comfort – this is Iwatani’s desire,” Iwatani strives to solve environmental concerns with the aim of achieving a carbon- free society through the use of hydrogen.

Iwatani is Japan’s only fully integrated supplier of hydrogen and presently supplies its base of light and heavy-duty hydrogen refueling stations and industrial customers via five liquid and ten gaseous hydrogen production plants throughout the country. In addition, Iwatani is a steering member of the Hydrogen Council, a global initiative of leading energy, transport and industry companies, with a united vision and long-term ambitions for hydrogen to foster the energy transition. Iwatani is developing hydrogen refueling stations with the aim of stimulating new hydrogen demand and supporting the widespread distribution of FCEVs.

Relevant initiatives are being promoted in cooperation with Japan H₂ Mobility, which was jointly established by infrastructure operators, automakers, financial investors and other stakeholders as the driving force for developing hydrogen refueling stations. Iwatani participates in initiatives involving carbon-free hydrogen, including a demonstration project for the production, transportation and storage of large quantities of liquid hydrogen in Australia, and the Fukushima Plan for a New Energy Society—one of the world’s largest hydrogen production projects, using renewable energy with zero CO₂ emissions. In addition, Iwatani is an executive member of the California Fuel Cell Partnership and a member of the California Hydrogen Business Council and the Hydrogen Safety Council of the American Institute of Chemical Engineers.

Iwatani Corporation of America has headquarter offices in Houston, Texas and Santa Clara, California.

About Toyota

Toyota (NYSE:TM) has been a part of the cultural fabric in the U.S. and North America for more than 60 years, and is committed to advancing sustainable, next-generation mobility through our Toyota and Lexus brands. During that time, Toyota has created a tremendous value chain as our teams have contributed to world-class design, engineering, and assembly of more than 40 million cars and trucks in North America, where we have 14 manufacturing plants, 15 including our joint venture in Alabama (10 in the U.S.), and directly employ more than 47,000 people (over 36,000 in the U.S.). Our 1,800 North American dealerships (nearly 1,500 in the U.S.) sold nearly 2.8 million cars and trucks (nearly 2.4 million in the U.S.) in 2019.

About Nel Hydrogen

Nel ASA (OSE:NEL)  is a global, dedicated hydrogen company, delivering optimal solutions to produce, store and distribute hydrogen from renewable energy. We serve industries, energy and gas companies with leading hydrogen technology. Since its foundation in 1927, Nel has a proud history of development and continual improvement of hydrogen plants. Our hydrogen solutions cover the entire value chain from hydrogen production technologies to manufacturing of hydrogen fueling stations, providing all fuel cell electric vehicles with the same fast fueling and long range as conventional vehicles today.

Media Contact:

Tania Saldana

[email protected]

859-815-9968

Rebecca Pancheri

[email protected]

 

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SOURCE Toyota Motor North America