Copy link Copied Copy link Copied Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Already a subscriber? Login London | A British judge on Thursday sentenced Australian maverick cryptocurrency entrepreneur Craig Wright to a year’s jail for contempt of court, and struck off his latest £900 billion ($1.8 trillion) lawsuit against a host of bitcoin companies. Dr Wright, 53, who this year moved from Britain to an undisclosed country in Asia, dialled into the London court by video link to hear his sentence, which has been suspended for two years – meaning he will avoid prison if he keeps his head down. Copy link Copied Copy link Copied Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Already a subscriber? Login Introducing your Newsfeed Follow the topics, people and companies that matter to you. Latest In Technology Fetching latest articles Most Viewed In TechnologyAll financial figures are in Canadian dollars unless otherwise noted CALGARY, Alberta, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Gibson Energy Inc. ("Gibson” or the "Company”) is pleased to announce the extension and amendment of a long-term contract at its Gateway Terminal ("Gateway” or the "Terminal”) with an existing customer that refreshes the initial contract term, with further renewal options beyond that date. The extension includes contracting additional loading windows and increasing contracted capacity per loading window, resulting in fixed Gateway revenue from this customer increasing by approximately 40%. Gibson has also sanctioned dredging at Gateway, to be completed in early 2025, which will enable customers to load 10%+ more volume, the maximum allowable in Corpus Christi, directly on Very Large Crude Carriers and Suezmax vessels thereby reducing customer shipping time and cost. "Today's announcement marks a significant milestone for Gibson as we deliver upon our key Gateway acquisition objectives,” said Curtis Philippon, President & Chief Executive Officer. "It is exciting to see our original customers renewing and expanding their position while welcoming new customers at the Terminal, demonstrating the strong demand for Gateway's attractive export capabilities. Customer demand, combined with excellent operational performance and the benefits of capital improvements, including the Cactus II connection and dredging projects, has Gibson on track to achieve our previously provided guidance on EBITDA growth earlier than anticipated. We now expect Gateway to achieve its EBITDA run rate growth target of 15 - 20% by Q4 2025.” Growth Capital Guidance The Company also announced its 2025 growth capital guidance of up to $150 million, including $100 million of growth capital to be deployed predominantly at Gateway, and the remainder focused on other projects at and around other Gibson facilities currently being assessed in a disciplined manner. Gibson would also note that it has completed its assessment of the previously announced Waste-to-Energy Project proposal and has reached a negative final investment decision. Replacement Capital Guidance Gibson's Board of Directors approved the allocation of $60 million of replacement capital expenditures, including $20 million of capital related to turnarounds at both the Moose Jaw facility and select terminal assets. Cost Focus Campaign Gibson has also commenced an ambitious cost focus campaign to decrease costs on a run rate basis by the end of 2025 by greater than $25 million to ensure the Company is efficient and competitive, and well positioned for growth moving forward. To date, approximately $5 million of savings have already been realized. Funding Position With this capital budget, Gibson is fully-funded and expects to remain within its Financial Governing Principles with the benefit of growing stable Infrastructure cash flows in 2025. At the end of the third quarter of 2024, the Company's Net Debt to Adjusted EBITDA ratio ( 1) of 3.2x was just below the midpoint of its 3.0x - 3.5x target range and its Dividend Payout ratio (1) of 65% was below its 70% - 80% target range. "We will remain focused on the disciplined deployment of growth capital in 2025, as well as adhering to our key governing principles and capital allocation philosophy”, said Sean Brown, Senior Vice President and Chief Financial Officer. "We expect to deploy up to $200 million between growth capital and share repurchases. With a growth capital program of $100 to $150 million, anticipated repurchases are between $50 and $100 million in 2025.” About Gibson Gibson is a leading liquids infrastructure company with its principal businesses consisting of the storage, optimization, processing, and gathering of liquids and refined products. Headquartered in Calgary, Alberta, the Company's operations are located across North America, with core terminal assets in Hardisty and Edmonton, Alberta, Ingleside and Wink, Texas, and a facility in Moose Jaw, Saskatchewan. Gibson shares trade under the symbol GEI and are listed on the Toronto Stock Exchange. For more information, visit www.gibsonenergy.com . (1) Net debt to adjusted EBITDA ratio and dividend payout ratio are non-GAAP financial ratios. See the "Specified Financial Measures” section of this release. Forward-Looking Statements Certain statements contained in this press release constitute forward-looking information and statements (collectively, forward-looking statements) including, but not limited to, statements concerning Gibson's expectations of growth capital expenditures and replacement capital expenditures in 2025 and the location and use of such deployment, Gibson's ability to sanction projects that are in support of such expenditures and the timing thereof, Gibson's ability to grow Infrastructure cashflows throughout 2025, adherence to Gibson's current governing principles and capital allocation philosophy, Gibson's share repurchase program and expectation to repurchase shares in 2025, Gibson's expectations regarding the return of capital to shareholders, the timing thereof and conditions upon which Gibson would do so, the forecast operating and financial results of Gibson, where applicable, the resulting commercial capabilities of the dredging project and Cactus II connection project, Gibson's cost reduction capabilities and ability to realize cost reductions and expectations and targets for EBITDA, cash flows, distributable cash flow, debt and Net Debt to Adjusted EBITDA and Dividend Payout ratios. All statements other than statements of historical fact are forward-looking statements. The use of any of the words ''anticipate'', ''plan'', ''contemplate'', ''continue'', ''estimate'', ''expect'', ''intend'', ''propose'', ''might'', ''may'', ''will'', ''shall'', ''project'', ''should'', ''could'', ''would'', ''believe'', ''predict'', ''forecast'', ''pursue'', ''potential'' and ''capable'' and similar expressions are intended to identify forward-looking statements. The forward-looking statements reflect Gibson's beliefs and assumptions with respect to, among other things, future market conditions, the accuracy of financial and operational projections of Gibson, Gibson's future operating and financial results, ability to meet growth capital and replacement capital expenditure targets, continued adherence to Gibson's governing principles and capital allocation philosophy, the ability to place incremental infrastructure projects into service and the timing thereof and the ability to return capital to shareholders and the timing thereof. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements, including, without limitation, risks inherent to Gibson's business generally and risks relating to historical and future financial results as it relates to Gibson's financial condition or results. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon. These statements speak only as of the date of this press release. The Company does not undertake any obligations to publicly update or revise any forward-looking statements except as required by securities law. Actual results could differ materially from those anticipated in these forward-looking statements as a result of numerous risks and uncertainties including, but not limited to, the risks and uncertainties described in "Forward-Looking Information” and "Risk Factors” included in the Company's Annual Information Form and Management's Discussion and Analysis ("MD&A”), each dated February 20, 2024 and the Company's MD&A for the three and nine months ended September 30, 2024 and 2023, each as filed on SEDAR+ and available on the Gibson website at www.gibsonenergy.com . Specified Financial Measures This press release refers to certain financial measures that are not determined in accordance with GAAP, including non-GAAP financial measures and non-GAAP financial ratios. Readers are cautioned that non-GAAP financial measures and non-GAAP financial ratios do not have standardized meanings prescribed by GAAP and, therefore, may not be comparable to similar measures presented by other entities. Management considers these to be important supplemental measures of the Company's performance and believes these measures are frequently used by securities analysts, investors and other interested parties in the evaluation of companies in industries with similar capital structures. For further details on these specified financial measures, including relevant reconciliations, see the "Specified Financial Measures" section of the Company's MD&A for the three and nine months ended September 30, 2024 and 2023, which is incorporated by reference herein and is available on Gibson's SEDAR+ profile at www.sedarplus.ca and Gibson's website at www.gibsonenergy.com . a) Adjusted EBITDA Noted below is the reconciliation to the most directly comparable GAAP measures of the Company's segmented and consolidated adjusted EBITDA for the three and nine months ended September 30, 2024, and 2023: b) Distributable Cash Flow The following is a reconciliation of distributable cash flow from operations to its most directly comparable GAAP measure, cash flow from operating activities: c) Dividend Payout RatioWhat Is Thread Rolling and How Does It Work?jili93 。

BARCELONA, Spain--(BUSINESS WIRE)--Dec 19, 2024-- Wallbox N.V. (NYSE: WBX) (“Wallbox” or the “Company”), a leading provider of electric vehicle (“EV”) charging and energy management solutions worldwide, today announced that it received notice from the New York Stock Exchange (the “NYSE”) on November 21, 2024, that it is not in compliance with Section 802.01C of the NYSE Listed Company Manual. This is because the average closing price of the Company’s Class A ordinary shares (the “Class A Shares”) was less than $1.00 over a consecutive 30 trading-day period. On December 2, 2024, the Company notified the NYSE that it intends to cure the share price deficiency and to regain compliance with the NYSE continued listing standards. The Company can regain compliance at any time within the six-month period following receipt of the NYSE notice if, on the last trading day of any calendar month during the cure period the Company has a closing share price of at least $1.00 and an average closing share price of at least $1.00 over the 30 trading-day period ending on the last trading day of that month. The Company intends to consider all available alternatives to cure the share price non-compliance to return to compliance with the NYSE continued listing standards. The notice has no immediate impact on the listing of the Class A Shares, which will continue to be listed and traded on the NYSE during this period, subject to the Company’s compliance with the other applicable NYSE listing standards. Wallbox emphasises that this notice does not affect its normal course of its business operations. The Company continues to execute its strategic priorities, which includes providing innovative EV charging and energy management solutions, focusing on maintaining business growth and delivering value to its core stakeholders. About Wallbox Wallbox is a global technology company, dedicated to changing the way the world uses energy. Wallbox creates advanced electric vehicle charging and energy management systems that redefine the relationship between users and the network. Wallbox goes beyond charging electric vehicles to give users the power to control their consumption, save money and live more sustainably. Wallbox offers a complete portfolio of charging and energy management solutions for residential, semi-public, and public use in more than 115 countries around the world. Founded in 2015 in Barcelona, where the company’s headquarters are located, Wallbox currently has offices across Europe, Asia, and America. For more information, visit www.wallbox.com Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements contained in this press release, other than statements of historical fact should be considered forward-looking statements, including, without limitation, statements regarding Wallbox’s intention to consider alternatives to cure the NYSE continued listing requirement deficiency, Wallbox’s continued listing on the NYSE and expectations regarding business operations and future growth and delivering value to stakeholders. The words “anticipate,” “believe,” “can,” “continue,” “could,” “estimate,” “expect,” “focus,” “forecast,” “intend,” “likely,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “”target,” will,” “would” and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: Wallbox’s ability to regain compliance with the continued listing standards of the NYSE within the applicable cure period; as well as the other important factors discussed under the caption “Risk Factors” in Wallbox’s Annual Report on Form 20-F for the fiscal year ended December 31, 2023, as such factors may be updated from time to time in its other filings with the Securities and Exchange Commission (the “SEC”), accessible on the SEC’s website at www.sec.gov and the Investors Relations section of Wallbox’s website at investors.wallbox.com . Any such forward-looking statements represent management’s estimates as of the date of this press release. Any forward-looking statement that Wallbox makes in this press release speaks only as of the date of such statement. Except as required by law, Wallbox disclaims any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise. View source version on businesswire.com : https://www.businesswire.com/news/home/20241219135789/en/ CONTACT: Public Relations Albert Cabanes press@wallbox.comInvestor Relations Michael Wilhelm investors@wallbox.com KEYWORD: SPAIN EUROPE INDUSTRY KEYWORD: AUTOMOTIVE MANUFACTURING EV/ELECTRIC VEHICLES AUTOMOTIVE TECHNOLOGY MANUFACTURING SEMICONDUCTOR OTHER ENERGY OTHER TECHNOLOGY ALTERNATIVE ENERGY ENERGY ENGINEERING SOURCE: Wallbox Copyright Business Wire 2024. PUB: 12/19/2024 05:00 PM/DISC: 12/19/2024 05:00 PM http://www.businesswire.com/news/home/20241219135789/en

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TransMedics to Participate in the 43rd Annual J.P. Morgan Healthcare ConferenceSenators Ron Wyden and Eric Schmitt are putting pressure on the Department of Defense (DoD) over what they’re calling a major security blunder: failing to protect its phone communications from foreign spies. In , they didn’t hold back, pointing to the recent Salt Typhoon cyberattack by Chinese hackers as a glaring wake-up call. “Despite repeated warnings from experts and Congress,” the letter reads, “this successful espionage campaign should finally serve as a wake-up call to officials across the federal government who failed to shore up the government’s communications security”. If you haven’t been following, Salt Typhoon swiping sensitive call records and even private communications involving big political figures like President-elect Trump and Senate Majority Leader Chuck Schumer. The DoD is pouring billions into its Spiral 4 wireless services contract, but the same carriers it relies on—AT&T, Verizon, and T-Mobile—were hacked during the Salt Typhoon breach. The senators argue that the DoD isn’t leveraging its massive buying power to demand better security from these companies, and worse, it hasn’t fully audited the carriers’ cybersecurity measures. A big part of this comes down to SS7, an . SS7 is notoriously easy to exploit. Bad actors can use it to intercept calls, track phone locations, or steal text messages—all without ever touching the target’s phone. Fixing SS7 vulnerabilities depends on telecom companies taking action, but the DoD doesn't appear to be pressuring them to do so. This isn’t the first time spy games have targeted U.S. military communications. Past breaches exploited weak telecom protocols to . The DoD has tried encryption and other tech workarounds, but location tracking through SS7 remains an Achilles’ heel, according to the senators’ findings. The letter also highlights how other nations, like the UK and Ukraine, are taking proactive steps to secure their networks. Yet the DoD remains cautious, saying that mandating these measures across U.S. carriers might not yield significant improvements. The senators also criticized the DoD for still using insecure landlines and platforms like Microsoft Teams that aren’t encrypted by default. While some parts of the military are testing out more secure systems like Matrix, , those efforts are limited, leaving most people stuck with potentially insecure tools.

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Participants from both public and private institutions also participated as key stakeholders in the successful implementation of the “Accelerating Sustainable and Clean Energy Access Transformation (ASCENT)” project. The workshop aimed to raise awareness about the project's objectives and foster collaboration among stakeholders to ensure its success. The ASCENT is a $ 400 million Government of Rwanda project funded by the World Bank/International Development Association (IDA) and the Asian Infrastructure Investment Bank (AIIB) to support Rwanda’s goal of achieving universal energy access. The project will be implemented by BRD and Energy Development Corporation Limited (EDCL). BRD part of the project focuses on increasing access to off-grid electricity, clean cooking solutions, and productive uses of energy (PUE) in 30 districts across the country. ALSO READ: Rwanda needs $1.5bn to achieve universal energy access by 2029 According to Philbert Dusenge, the ASCENT Project Coordinator at BRD, the project will invest $27.5 million (part to be implemented by BRD), focusing on providing off-grid electricity to remote areas, clean cooking solutions, and PUE. He explained that the project operates under a result-based financing model, where contracted ESCs will distribute technologies like solar home systems, PUE technologies, and clean cooking products. The project also offers a line of credit facility to ESCs directly through BRD or on-lending through PFIs. Subsidies will be offered to address the affordability of these technologies, enabling Rwandans to access improved energy solutions that help mitigate climate change by reducing emissions and deforestation, he said. He also highlighted the project’s focus on small businesses, such as restaurants, in transitioning from harmful cooking methods like charcoal to clean cooking technologies. The PUE component will help small businesses access affordable technologies like irrigation systems, which will enable them to continue farming and generate income even when seasonal Rains are inconsistent, Dusenge added. BRD will oversee technical assistance, institutional capacity-building, and project implementation support through its various subcomponents. ALSO READ: 70% of industrial parks operational as gov’t woos more investors The Environmental Risk Management Specialist for the ASCENT project, Lydie Pacifique Igiraneza, emphasised the aims of the project to reduce emissions and improve environmental health while highlighting the importance of grievance redress mechanisms. We anticipate grievances from beneficiaries regarding product malfunctions, eligibility issues, or product non-receipt and to address this, ESCs are required to set up call centres with toll-free numbers to resolve complaints. Additionally, financial institutions involved in the credit facility must also implement grievance mechanisms to address concerns from their clients, she said. Igiraneza also pointed out that the project's distributed products may generate electronic waste (e-waste), which could harm the environment if not properly managed. We have put in place an environmental code of practice to ensure compliance with regulations on safe e-waste management. Only certified entities will handle the collection, treatment, and disposal of e-waste to prevent environmental harm, she stated. She emphasised the need to maximise the positive impacts of the project while minimising any negative effects through careful management of both social grievances and environmental risks. ALSO READ: Lawmakers propose clean cooking solutions for schools to check firewood use Aphrodise Uwiragiye, an Engineering Risk Analysis Specialist at the Rwanda Institute for Conservation Agriculture (RICA), believes that the ASCENT project is beneficial as it will enhance staff capacity and improve the quality of inspections. This project will support us in conducting our routine inspections more effectively, ensuring that consumers receive high-quality solar home systems,” he stated. He also emphasised RICA's crucial role in regulating the project while also advising importers to always seek an import permit before bringing products into Rwanda to ensure compliance. No solar home systems can enter Rwanda without RICA inspection and clearance. We ensure that products meet the required standards and regulations, helping to prevent substandard products from entering the market, he added. In his address, Alphonse Kanyandekwe, the acting Director of Engineering and Urban Planning Standards at Rwanda Standards Board (RSB), explained that the ASCENT project aligns with the Government of Rwanda's goal of ensuring universal access to energy. RSB is responsible for developing national standards, providing testing services, and certifying products in the energy sector, including those related to off-grid energy, clean cooking solutions, and productive uses of energy, he said. Kanyandekwe addressed concerns about the turnaround and time for results, emphasising that their lab is one of the few in the region capable of conducting these tests, which has improved efficiency despite the high volume of samples received. In the past, testing could take up to eight months due to the complexity of tests required for cooking solutions, such as thermal efficiency and emissions. 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State Department’s disinformation office to close after funding nixed in NDAA