Holocene

• ATHENS, Greece, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Okeanis Eco Tankers Corp. (“OET” or “Company”) (NYSE:ECO / OSE:OET) today reported unaudited condensed financial statements for the fourth quarter and twelve month period of 2023, which are attached to this press release.
• Adjusted profit and Adjusted earnings per share (non-IFRS measures*) for the period of $20.4 million or $0.63 per basic & diluted share.
• Fleetwide daily TCE rate of $45,400 per operating day; VLCC and Suezmax TCE rates of $45,200 and $45,600 per operating day, respectively.
• OET will be hosting a conference call and webcast at 13:30 CET on Thursday February 29, 2024, to discuss the Q4 2023 results.

• Brightcove Inc. (Nasdaq: BCOV), the world’s most trusted streaming technology company, today announced financial results for the fourth quarter and fiscal year ended December 31, 2023.
• Loss from operations was $2.3 million for the fourth quarter of 2023, compared to loss from operations of $6.0 million for the fourth quarter of 2022.
• Net loss was $2.5 million, or a loss of $0.06 per diluted share, for the fourth quarter of 2023.
• Cash flow provided by operations was $4.2 million for the fourth quarter of 2023, compared to cash flow provided by operations of $5.7 million for the fourth quarter of 2022.

• During ice ages, dry, frozen terrain extended over much of northern Europe, Asia and North America.
• For a long time scientists have thought that dry conditions prevailed across the globe during ice ages, and that the warm periods between ice ages were much wetter.

Ice ages and hemispheres

• Over the past million years or so, Earth’s climate has oscillated between cold ice ages (or “glacial” periods) and warmer “interglacial” periods.
• During glacial periods, temperatures were lower, there was less carbon dioxide in the atmosphere, and ice sheets covered more of the globe.
• Evidence from the northern hemisphere shows huge ice sheets spread across the northern parts of Europe, northern Asia and North America during glacial periods, and large areas south of the ice were covered with tundra.

Developing a 350,000 year climate record

• These deposits, which include stalagmites and stalactites, build up over time as rainwater filters down through soil and limestone into the cave.
• We can use the extent of speleothem growth over time to understand changes in water availability.

• Our understanding of past changes in the climate and environment of the southern hemisphere has been limited by a lack of well-dated and long-term records.
• As a result, we produced a precipitation record spanning the last 350,000 years.

Wetter and colder, warmer and drier

• Over the past 350,000 years, wetter times always occurred within the cooler, glacial periods, while interglacials were consistently dry.
• We found wet glacials and dry interglacials were not confined to southern Australia, but in fact, formed a hemisphere-wide pattern.

Stable environments with abundant water

• However, our research suggests that – at least in the subtropical southern hemisphere – glacial periods were often times of relatively stable environments with abundant water, even if low levels of carbon dioxide meant plants were slow-growing and relatively unproductive.
• Our research calls for a big paradigm shift in how we view past ice-age environments across the Earth.

Rieneke Weij receives funding from the University of Cape Town and the Oppenheimer Memorial Trust. Jon Woodhead receives funding from the Australian Research Council Josephine Brown receives funding from the National Environmental Science Program and the Australian Research Council. Kale Sniderman receives funding from the Australian Research Council Liz Reed receives funding from Australian Research Council.

• The Company believes the PURO and Airocide integration and other cost saving initiatives previously completed are expected to reduce ongoing operating expenses annually by approximately $1 million beginning in fiscal 2024.
• We believe the completion of our transformation plan represents a clear path to create a more profitable and focused Applied UV."
• In addition to sales growth, this integration is expected to create significant cost reduction in an ongoing process of expense reduction.
• By combining the business of PURO and Airocide under the Sterilumen umbrella, we are well-positioned to meet the growing demand for high-quality disinfection technologies across these key markets.”