ACON Investments sluit continuatiefonds van ongeveer 700 miljoen dollar af voor New Era Cap, LLC

05-08-2022 14:58 | 4 dagen geleden Economie

Dit is een origineel bericht van
PR Newswire

Het bedrijf heeft een recordgroei bereikt en is goed gepositioneerd voor voortdurende uitbreiding

WASHINGTON, 5 augustus, 2022 /PRNewswire/ -- ACON Investments ("ACON"), een beleggingsbedrijf met privévermogen, gevestigd in Washington DC, kondigde vandaag de afsluiting aan van ACON Strategic Partners II, L.P. ("ASP II" of het "continuatiefonds"), een nieuw fonds voor de voortzetting van één activum van ongeveer $ 700 miljoen in verband met de gedeeltelijke verkoop van zijn ACON equity Partners IV ("AEP IV") - portefeuillebeleggingen in new Era Cap, LLC ('New Era Cap' of het 'bedrijf') en een uitbreiding van het bestaande eigendomsbelang in New Era Cap. Met zijn 102 jaar lange geschiedenis heeft het bedrijf zich gevestigd als het grootste authentieke merk voor hoofdkleding en lifestyle op het gebied van gelicentieerde sport. Het iconische merk van New Era Cap is de officiële licentiepartner voor hoofdkleding voor Major League Baseball, de National Football League en de National Basketball Association, en biedt meer dan 170 andere gelicentieerde partnerschappen over een verscheidenheid aan hoofddeksels, kleding en accessoireproducten.

Het door ACON beheerde continuatiefonds zal worden ondersteund door nieuwe en doorlopende beperkte partners van ACON. Nieuwe investeerders worden aangevoerd door Apollo, GCM Grosvenor, Hamilton Lane en Neuberger Berman, namens de respectieve door hen beheerde fondsen. ACON Investments en ACON Equity Partners IV blijven een belangrijke rol blijven spelen binnen het bedrijf.

New Era Cap ontwerpt, verkoopt en distribueert jaarlijks meer dan 200 miljoen stuks hoofdkleding en kleding en heeft een aantal jaar ervaring met een recordgroei van de organische omzet, die naar verwachting zal blijven groeien voor de veelbelovende toekomst. De eerste investering van ACON in januari 2021 was het eerste en enige institutionele aandelenkapitaal van het bedrijf. Het bedrijf gaat door met het implementeren van een meervoudige groeistrategie, waaronder het verder uitbreiden van zijn meer dan 800 winkels in Azië, Mexico, Latijns-Amerika en Brazilië en het uitbreiden van zijn essentieel lifestylemerk in kleding en zijn DTC-platform. New Era Cap wordt nog steeds geleid door Chris Koch, de vierde generatie CEO van het bedrijf, wiens grote grootvader, Ehrhardt Koch, New Era Cap in 1920 in Buffalo, New York heeft opgericht.

Ken Brotman, oprichter van ACON Investments, merkt op: "New Era Cap biedt een unieke en gepatenteerde mogelijkheid waarin ACON als vroege partner voor het bedrijf en het eerste institutionele aandelenkapitaal voor dit 102 jaar oude iconische merk fungeerde. We zijn vereerd om de vertrouwde partner van het bedrijf te zijn en hebben veel respect voor de lange en rijke geschiedenis van New Era Cap en hetgeen Chris Koch en het managementteam hebben opgebouwd. Het is een van onze best presterende portefeuillebeleggingen in ACON Equity Partners IV, en we zijn verheugd om onze samenwerking met Chris en het team voort te zetten om meer groei en uitbreiding over de hele wereld te stimuleren."

Chris Koch, CEO van New Era Cap, zei het volgende: "We zijn verheugd om onze relatie met ACON uit te breiden en te bouwen op hun uitgebreide ervaring op het gebied van lifestyle en consumentenproducten. Hun bewezen staat van dienst als het gaat om het ondersteunen van bedrijven door groei en uitbreiding, maakt ACON tot de perfecte partner voor ons bedrijf. Dit nieuwe kapitaal zal de versnelling van onze agressieve groei-initiatieven vergemakkelijken en biedt ons de mogelijkheid om mogelijke Noord-Amerikaanse en wereldwijde overnames te overwegen die een aanvulling kunnen zijn op ons reeds krachtige wereldwijde platform."

Als onderdeel van de transactie zullen Major League Baseball, de National Football League en de National Basketball Association minderheidseigenaren worden van New Era Cap. Jim Grundtisch, Chief Revenue Officer van New Era Cap, merkte op: "dankzij een strategische equity-positie zijn onze drie grootste divisiepartners op elkaar afgestemd en versterken ze onze al krachtige samenwerking nog verder. We zetten ons in om het robuuste wereldwijde groeitraject dat we voor ons merk en voor onze belangrijkste partners over de hele wereld tot op de toekomst hebben vastgesteld, voort te zetten."

ACON werd tijdens de transactie vertegenwoordigd door Evercore. Jefferies LLC trad ook op als financieel adviseur van ACON, terwijl Winston & Strawn als juridisch adviseur van ACON fungeerde. Truist Securities trad op als exclusief financieel adviseur en Bryan Cave Leighton Paisner was juridisch adviseur van New Era Cap.

Over New Era Cap, LLC

Sinds 1920 verkoopt New Era Cap de beste handgemaakte hoofddeksels ter wereld. Vandaag de dag is het merk, met kleding- en accessoirelijnen, een marktleider die is geworteld in sport en een influencer als het gaat om wereldwijde straat- en lifestylecultuur. Met meer dan 170 licenties in zijn portfolio, is New Era Cap het merk van keuze op het gebied van sport, mode, muziek en entertainment. Het bedrijf heeft het hoofdkantoor in Buffalo, N.Y., en zijn producten worden verkocht in meer dan 120 landen. Voor meer informatie over de wereldwijde vestigingen en partnerships van New Era Cap, gaat u naar www.neweracap.com en sociale media @ neweracap.

Over ACON Investments

ACON Investments, L.L.C. is een internationaal beleggingsbedrijf op het gebied van private equity van Washington, dat private equity en special purpose partnerships beheert die beleggen in de Verenigde Staten, Latijns-Amerika en Europa. Met professionals in Washington, D.C., Dallas, Los Angeles, New York, Bogotá, Madrid, Mexico City en São Paulo, heeft ACON sinds de 6,9 miljard dollar aan activa beheerd en heeft het een 26 jaar durende staat van dienst.

ACON US is een van de meest gerenommeerde organisch diverse private equity bedrijven met 70% van het senior management (ex - oprichters) en 68% van alle werknemers bestaande uit vrouwen en/of individuen met een diverse achtergrond. ACON is een waardebelegger met diepgaande expertise op het gebied van consumenten, industrie en zakelijke diensten en met een staat van dienst op het gebied van succes in situaties die het eerste institutionele kapitaal voor familiebedrijven, merkenherpositionering, sectorconsolidatie en bedrijfsovernames omvatten. Daarnaast richt ACON zich op een nieuw paradigma van strategische duurzaamheid binnen zijn hele portefeuille, waarbij het zich inzet voor het bereiken van duurzame resultaten en het stimuleren van financiële opbrengsten en winstgevendheid.

Ga voor meer informatie naar www.aconinvestments.com

Contact

Meena Thever ACON Investments, L.L.C. mthever@aconinvestments.com | 202 454 1100

Perscontact

Matt Davison, The Martin Group for New Era Cap, LLC mdavison@martingroupmarketing.com | 716 604 7772

Amy Moritz, The Martin Group for New Era Cap, LLC amoritz@martingroupmarketing.com | 716 863 2357

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REVA MEDICAL ANNOUNCES CLOSING OF STRATEGIC FINANCING

SAN DIEGO, Aug. 9, 2022 /PRNewswire/ -- REVA Medical, LLC. ("REVA" or the "Company"), a leader in bioresorbable polymer technologies for vascular applications, is pleased to announce the closing of a $45 million Series B equity financing. This funding was led by a global strategic investor with deep experience in medical devices, as well as BioStar Capital, and existing investors.

Proceeds from the financing will be used to fund the Company's ongoing operating, clinical and capital needs, including the clinical program for its MOTIV(®) Peripheral Vascular Bioresorbable Scaffold. "We are very pleased to announce the close of this financing," said REVA's President and Chief Executive Offer, Jeffrey Anderson. "The funding we have secured will allow REVA to move forward with our pivotal clinical trial to support FDA approval of our MOTIV(®) peripheral vascular scaffold as well as to obtain FDA clearance of our TyroSphere(®) bioresorbable embolic bead technology."

REVA's MOTIV(® )device represents a unique breakthrough technology for the treatment of patients suffering from below-the-knee peripheral vascular disease. MOTIV(® )is a drug-eluting bioresorbable peripheral vascular scaffold made from REVA's proprietary Tyrocore(® )polymer that is designed to dissolve over time, leaving the artery free of a permanent implant and thereby allowing the artery to return to its natural movement or "vasomotion." Due to their temporary nature, bioresorbable stents are commonly referred to as scaffolds. MOTIV(®)'s polymer properties also enable complete x-ray visibility of the scaffold when placed in the artery, an attribute unique to REVA among bioresorbable scaffolds. REVA believes that this distinct feature will offer a procedural advantage, as x-ray visibility helps confirm proper placement of the scaffold and is a tool that physicians routinely rely upon when implanting metal stents. Louis A Cannon, MD Founder and Senior Managing Partner of BioStar Capital notes that "200 million patients world-wide are affected by severe arterial disease of the legs. We believe the REVA absorbable scaffold has the potential to reduce limb amputations, and possibly save lives."

In addition to the MOTIV(®) scaffold, REVA is in the final development stages for their TyroSphere(®) embolic bead platform. TyroSphere(®) beads are bioresorbable embolic microspheres designed to treat hypervascular tumors. TyroSphere(®) beads uniquely offer both the advantage of safe degradation/resorption and the option of being visible under standard x-ray to aid in precise delivery to the targeted tumor.

SVB Securities acted as financial advisor to REVA Medical on this transaction.

Additional information can be found at REVA's website: www.revamedical.com

About REVA Medical REVA Medical is a medical device company focused on the development and commercialization of bioresorbable polymer technologies for vascular applications. The Company's products include MOTIV bioresorbable scaffolds for the treatment of peripheral artery disease, Fantom and Fantom Encore bioresorbable vascular scaffolds for the treatment of coronary artery disease, and TyroSphere embolic beads. REVA is based in San Diego, California. More information can be found at REVA's website: www.revamedical.com.

Fantom, Fantom Encore, and MOTIV have CE Mark only. Fantom, Fantom Encore, and MOTIV are available in select countries in Europe and the Middle East. Fantom, Fantom Encore, MOTIV, and TyroSphere are not available in the U.S. or other countries that do not accept CE Mark. Fantom, Fantom Encore, MOTIV, TyroSphere, and Tyrocore are trademarks of REVA Medical, LLC.

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CONTACT: Douglas Henson, dhenson@revamedical.com

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ONESIGHT ESSILORLUXOTTICA FOUNDATION ANNOUNCES PUBLICATION OF NEW ARTICLE

Article addresses role of advocacy in advancing healthy vision to meet Sustainable Development Goals

DALLAS, Aug. 9, 2022 /PRNewswire/ -- OneSight EssilorLuxottica Foundation (Foundation) is pleased to announce the publication of a peer-reviewed article, The Power of Advocacy: Advancing Vision for Everyone to Meet the Sustainable Development Goals in the International Journal of Public Health, an independent society journal of the Swiss School of Public Health.

The article was written by members of the Vision Impact Institute, which recently joined the Foundation. It explores the case for advocacy in advancing good vision globally, while making a clear connection to many of the UN Sustainable Development Goals (SDGs). It builds on a critical review of bibliography and proposes new perspectives for vision advocacy to achieve significant policy change.

"Evidence-based advocacy is essential to make good vision a global priority," says Eva Lazuka-Nicoulaud, the article's lead author and Head, Advocacy & Partnerships, Europe/Africa, at the Foundation. "In this article, we develop the connection between good vision and more than half of the SDGs."

"With 1 in 3 people unable to see clearly, we must collectively advocate for solutions to address this issue," says Prof. Kovin Naidoo, Global Head, Advocacy and Partnerships, OneSight EssilorLuxottica Foundation. "Aligning with the UN Resolution on Vision: Vision for Everyone: accelerating action to achieve the Sustainable Development Goals, we define a new outlook for the framework and key pillars of advocacy to scale up success by 2030. We propose that addressing poor vision globally can improve poverty, hunger, education, gender equity, economic growth, climate action and more."

The article's complete author list includes: Prof. Kovin Naidoo, Eva Lazuka-Nicoulaud, Kristan Gross, Judith Marcano Williams and Andrea Kirsten-Coleman, all recently having joined the Foundation.

About the OneSight EssilorLuxottica Foundation

The OneSight EssilorLuxottica Foundation (formerly Essilor Social Impact) is a French registered charitable organization (endowment fund) reflecting the commitment and values of EssilorLuxottica to eliminate uncorrected poor vision in a generation. It was rebranded in 2022 to bring together EssilorLuxottica's philanthropic, advocacy actions and investments including: Vision for Life, Essilor Vision Foundations in North America, India, Southeast Asia and China, Fondazione Salmoiraghi & Viganò in Italy as well as the Company's long term global partners OneSight and the Vision Impact Institute. It is headquartered at 147 rue de Paris, 94220 Charenton-Le-Pont, France. https://onesight.essilorluxottica.com/

Contact:

Jeff Wallace Senior Director, Communications and Awareness JWallace@OneSight.org

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5 uur geleden

Oracle and InfStones Collaborate to Accelerate Web3 Development

InfStones and Oracle work together to deliver a robust, secure, and scalable Web3 infrastructure development platform for enterprise customers

DALLAS, Aug. 9, 2022 /PRNewswire/ -- InfStones and Oracle today announced that they are collaborating on integrating InfStones' leading blockchain development platform with Oracle Cloud Infra-structure (OCI) to accelerate Web3 development. This collaboration will help deliver important insights that drive the evolution, development, and adoption of Web3 applications worldwide.

InfStones endorses a global multi-cloud strategy to serve the needs of its rapidly growing portfolio of Enterprise customers. The new combination of InfStones platforms running on OCI delivers on the price performance, scalability, and security needs of enterprise customers and provides additional options for customers building and developing next-generation blockchain applications.

"Our goal at InfStones is to reduce barriers to entry for new companies looking to incorporate blockchain technology into their stack," stated Dr. Zhen Wu Shi, CEO, InfStones. "Partnering with Oracle Cloud Infrastructure offers enterprise customers a robust infrastructure across OCI's multiple regions worldwide. We were also extremely impressed with the dedicated technical support provided by the OCI team and their support for our growth strategy."

"The power of the InfStones platform and Oracle's next-generation cloud infra-structure provides our joint customers with an extremely performant, reliable, and secure platform for developing decentralized Web3 applications," said Chris Gandolfo, Senior Vice President of Cloud Venture, Oracle. "Working with cutting-edge leaders in blockchain infrastructure like InfStones allows us to provide a robust solution for our enterprise customers as they increasingly look to Web3 development to solve the next-generation of IT problems. InfStones can provide complementary capabilities to OCI customers by leveraging the InfStones platform API gateway service for faster and more scalable API access to Ethereum, IBC, Polkadot, and many other blockchain ecosystems."

Oracle will work with InfStones to bring their enterprise blockchain customers to more verticals and builders across the Web3 development ecosystem.

InfStones is an advanced, enterprise-grade Platform as a Service (PaaS) blockchain infrastructure provider trusted by the top blockchain companies in the world. InfStones' AI-based infrastructure provides people around the world with a rugged, powerful node management platform alongside an easy-to-use API. With over 10,000 nodes supported on more than 60 blockchains, InfStones gives developers all the control they need - reliability, speed, efficiency, security, and scalability - for cross-chain DeFi, NFT, GameFi, and decentralized application development. InfStones is trusted by the biggest blockchain companies in the world including Binance, Coinlist, BitGo, OKX, Chainlink, Polygon, Harmony, and Kucoin, among a hundred other customers. The company is dedicated to developing the next evolution of a better world through limitless Web3 innovation.

For more information visit: www.infstones.com www.infstones.com

CONTACT: Press@infstones.com

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Anthony Di Iorio Opens Whitelist for New Global Project to Empower a User-Controlled Internet; Project to Be Unveiled November 3

Ethereum, Decentral, & Jaxx Liberty Founder also announces $1M Foundation for Canadian Leaders & Problem Solvers

TORONTO, Aug. 9, 2022 /PRNewswire/ -- Ethereum, Decentral, & Jaxx Liberty Founder Anthony Di Iorio today announced the whitelist opening for Andiami: The Quest for Liberty, an upcoming global tech project designed to add value to and complement today's leading decentralized network projects like Bitcoin and Ethereum. The announcement was made during Di Iorio's opening keynote speech at Futurist Conference, Canada's largest crypto & blockchain event.

With ten years of design, vision, and building, Andiami will address crypto's most pressing issues, including the increasing centralization of decentralized networks and the prevalent use of Web2 business models in the pursuit of Web3, a user-controlled internet. Andiami will accomplish its goals by bringing together trusted leadership, aligned stakeholder incentives, and new custom hardware and software. This will all be delivered on scalable infrastructure, a new node-sharing protocol, a unique type of mining, and next-generation token economics.

"The future can't be built using old models," says Anthony Di Iorio. "Similarly, you can't build a user-controlled internet while relying on institutional trust anywhere in between an individual and a protocol. Andiami is the culmination of a mission I started ten years ago to empower people with the tools they need to be in control of their digital lives: their money, communication, and identity."

Andiami: The Quest for Liberty is planned to be unveiled November 3, 2022--ten years to the day that Di Iorio held the first-ever Bitcoin meetup in Toronto where he met Vitalik Buterin. The unveiling will take place in front of an audience of thousands at a soon-to-be announced iconic Canadian concert venue in Toronto and will also be live streamed globally.

The Andiami whitelist is now open at andiami.org.

Also at the Futurist conference today, Di Iorio announced the creation of a Canadian foundation dedicated to amplifying the next generation of leaders and problem solvers to help solve the world's most pressing challenges. Di Iorio is personally donating $1 million to the foundation, which will also be supported by proceeds from the global project.

"Over the years, I've developed problem solving frameworks that put the pieces together to create win-win-win solutions. The frameworks have been formalized, and it's my mission to bring the tools forward that will inspire the next generation of problem solvers and leaders," says Di Iorio.

Di Iorio is an Ethereum founder and Founder and CEO of Decentral Inc. The original birthplace of Ethereum, Decentral is a Canadian company that builds tools at the core of the next internet. This includes Jaxx Liberty, software that has empowered millions of people with the tools they need to control their digital assets.

Media contact: Jen Wheatley, Decentral Inc., jen@decentral.ca

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New measures agreed to strengthen the partnership between Mongolia and China

ULAANBAATAR, Mongolia, Aug. 9, 2022 /PRNewswire/ -- A series of measures have been agreed during a visit by the Chinese Foreign Minister to Mongolia that will act to strengthen the strategic partnership between the two countries.

During his visit, which began on Sunday and concluded yesterday, Foreign Minister Wang Yi met with Mongolian President U. Khurelsukh, Prime Minister L. Oyun-Erdene and Parliament Speaker G. Zandanshatar, among others.

Agreements were concluded on the following:

-- Accelerating the delivery of the Erdeneburen hydropower plant project -- Intensifying the construction of the Gashuunsukhait - Gantsmod railroad, which connects critical border points between the two countries -- Stabilising the frequency of daily train services coming to Mongolia from China's sea ports -- Increasing the number of train exchanges and overall border capacity at the Zamyn Uud-Erlian border point and overall border capacity During the talks, the goal was set of doubling bilateral trade turnover to USD 10 billion. Discussions also addressed the possibility of agreeing freer travel between Mongolia and China, with a particular focus on this aiding the humanitarian sector and Mongolian citizens who study in China, who are stuck outside of the country due to the pandemic-related border shutdown. The connection of the Khangi-Mandal port by railroad was also discussed during the visit.

Following a press conference with the Chinese Foreign Minister held on Monday, Mongolian Foreign Affairs Minister B. Battsetseg said:

"The agreements reached during this visit will strengthen the strategic relationship that already exists between our two countries, deepening our co-operation across a range of important sectors.

"New support for enhancing capacity at our ports and increasing Mongolian domestic energy production will provide further support to Mongolia's economic development as our recovery from the COVID-19 pandemic continues, in line with the objectives set by the New Recovery Policy."

Photo : https://mma.prnewswire.com/media/1875071/Government_of_Mongolia.jpg

CONTACT: Michael Dowsett on +44 (0) 7539 324008 or mdowsett@atticuscomms.com.

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Energy Harbor Launches 24/7 Emission-Free Energy Solution

AKRON, Ohio, Aug. 9, 2022 /PRNewswire/ -- Energy Harbor Corp. announced today it has launched a 24/7 emission-free energy compliance product to meet the growing demand for customers requiring validation that the energy they consume is 100 percent emission-free every hour of every day. Leveraging FlexiDAO's technology and insights from Google Cloud, Energy Harbor will be providing the 24/7 emission-free energy credits (EFEC) created by its nuclear fleet, capable of generating over 32 million credits annually.

FlexiDAO's 24/7 carbon-free energy tracking and certification platform, built on Google Cloud, allows Energy Harbor to handle the large amounts of data required to match the hourly demand of customers with Energy Harbor's emission-free generation and the EFEC it creates. John Judge, Energy Harbor's chief executive officer, said "This collaboration with FlexiDAO and Google Cloud has enabled us to meet an important customer need. Now customers will be able to know with certainty every megawatt they consume was produced by an emission-free source."

The demand for 24/7 emission-free energy matching is growing rapidly and Energy Harbor, having unveiled a plan to become a 100% carbon-free energy infrastructure and supply company by 2023, is sharing insights from its own energy journey. The 24/7 emission-free energy product is a new approach to clean energy that accelerates the decarbonization of electricity systems by enabling organizations to meet their full electricity demand with carbon-free resources - every hour, every day, everywhere.

The 24/7 emission-free product is just one of the ways Energy Harbor is helping customers fully meet their zero-emission goals. This product will be available to Energy Harbor's electric customers, as well as customers seeking to simply use the EFEC to offset their consumption on an hourly basis. To find out more about this exciting new product visit us at www.energyharbor.com or contact us at carbon-free@energyharbor.com.

About Energy Harbor

Energy Harbor is a highly reliable provider of emission free baseload electricity committed to Environmental, Sustainability and Governance (ESG) principles critical to meeting the nation's emissions goals and accelerating the country's clean energy transition. Our success is driven by our unwavering employee commitment to safe, reliable operations, financial stability and best in class service to meet the energy and sustainability needs of our customers.

For more information on Energy Harbor visit www.energyharbor.com

About FlexiDAO

FlexiDAO is a global climate tech company based in the Netherlands and Spain. We co-create the international standard around energy-related emission compliance. Thanks to our end-to-end 24/7 Carbon-free Energy platform, companies can quantify and showcase their transparent contribution to achieving a decarbonized economy. www.flexidao.com

Forward Looking Statements and Further Information

This press release contains "forward-looking statements." All statements, other than statements of historical facts, that are included in this press release that address activities, events, or developments that Energy Harbor Corp. (the "Company") expects or anticipates to occur in the future (often, but not always, through the use of words or phrases such as "intends," "plans," "will likely result," "are expected to," "could" and "will continue"), are forward-looking statements. Although the Company believes that in making any such forward-looking statement its expectations are based on reasonable assumptions, any such forward-looking statement involves uncertainties and is qualified in its entirety by reference to the discussion of risk factors under "Risk Factors" available on the Investor Website (as described below) and the following important factors, among others, that could cause the Company's actual results to differ materially from those projected in such forward-looking statements: the actions and decisions of regulatory authorities; economic conditions and power pricing within the Company's territories and markets; the Company's ability to accomplish or realize anticipated benefits from strategic and financial goals; the uncertainties associated with the deactivation of remaining commodity-based generating units, including the impact on vendor commitments, and as it relates to the reliability of the transmission grid, the timing thereof; the risks and uncertainties associated with litigation, arbitration, mediation and like proceedings, including with respect to the timing and amounts of the capital expenditures that may arise in connection with any such proceedings; changes in customers' demand for power; and weather conditions affecting future sales, margins and operations.

Any forward-looking statement included in this press release speaks only as of the date hereof, and except as may be required by law, the Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events or circumstances. New factors emerge from time to time, and it is not possible for the Company to predict all of them; nor can the Company assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. As such, you should not unduly rely on such forward-looking statements.

Further information regarding the Company will be available at www.energyharbor.com under the heading www.energyharbor.com/ir (the "Investor Website"). The Company advises that holders of the Company's securities should review all available information before making any decisions whether to buy or sell any of the Company's securities. Any information in any materials posted on the Investor Website in the future will automatically update and, where applicable, modify or supersede the information contained in this press release and any other information previously posted on the Investor Website.

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CONTACT: Media Contact: Falls, Jason Copsey (216) 472.2386 jcopsey@wearefalls.com or Todd Morgano (216) 472.2392 tmorgano@wearefalls.com

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