IPI

Intrepid Announces Accident Involving CEO

Retrieved on: 
Tuesday, April 9, 2024

Denver, CO, April 09, 2024 (GLOBE NEWSWIRE) -- Intrepid Potash, Inc. ("Intrepid”, “we," or "our") (NYSE:IPI) today announced that on Saturday, April 6, 2024, Bob Jornayvaz was involved in an accident while playing in the U.S. Open Polo Championship and is currently receiving treatment.

Key Points: 
  • Denver, CO, April 09, 2024 (GLOBE NEWSWIRE) -- Intrepid Potash, Inc. ("Intrepid”, “we," or "our") (NYSE:IPI) today announced that on Saturday, April 6, 2024, Bob Jornayvaz was involved in an accident while playing in the U.S. Open Polo Championship and is currently receiving treatment.
  • Our thoughts are with him and his family.
  • We will provide updates as more information becomes available.

F5 Solutions Now Available in AWS Marketplace Through Carahsoft

Retrieved on: 
Tuesday, March 26, 2024

Carahsoft’s CarahCloud Marketplace Program features flexible pricing terms, simplified billing, quick deployment, and license management, making it easier to purchase software and services from AWS Marketplace vendors, such as F5.

Key Points: 
  • Carahsoft’s CarahCloud Marketplace Program features flexible pricing terms, simplified billing, quick deployment, and license management, making it easier to purchase software and services from AWS Marketplace vendors, such as F5.
  • Carahsoft serves as F5’s Public Sector Distributor and manages its AWS Marketplace distribution through Carahsoft’s CarahCloud Marketplace program.
  • The F5 solutions available in AWS Marketplace include:
    F5 Distributed Cloud Services enable customers to deploy, connect, secure and operate applications across public, private, network and edge clouds.
  • “Carahsoft is proud to support F5’s presence in AWS Marketplace,” said Terry Drinkwine, Vice President at Carahsoft.

The Upgraded Regula 4205D: Forensic-Level Document Verification for Border Security

Retrieved on: 
Wednesday, March 13, 2024

Equipped with 13 light sources and capable of 30x magnification, Regula 4205D streamlines the workflow of border officers, helping them make well-informed decisions.

Key Points: 
  • Equipped with 13 light sources and capable of 30x magnification, Regula 4205D streamlines the workflow of border officers, helping them make well-informed decisions.
  • An optional feature that provides access to a comprehensive database of document images and their security features from around the globe, aiding in precise verification.
  • “Border control authorities are at the forefront of fighting identity document fraud, because it’s usually where the most sophisticated document forgeries appear.
  • That’s why we upgraded our Regula 4205D to offer unparalleled document verification technology that elevates border control operations to new heights.

Intrepid Announces Fourth Quarter and Full-Year 2023 Results

Retrieved on: 
Wednesday, March 6, 2024

Denver, CO, March 06, 2024 (GLOBE NEWSWIRE) -- Intrepid Potash, Inc. (NYSE:IPI) ("Intrepid", the "Company", "we", "us" and "our") today reports its financial results for the fourth quarter and full-year of 2023.

Key Points: 
  • Denver, CO, March 06, 2024 (GLOBE NEWSWIRE) -- Intrepid Potash, Inc. (NYSE:IPI) ("Intrepid", the "Company", "we", "us" and "our") today reports its financial results for the fourth quarter and full-year of 2023.
  • Included in the GAAP net loss figures are non-cash impairment charges of $42.8 million in the fourth quarter of 2023 and $43.3 million for the full-year 2023.
  • Adjusted EBITDA(1) of $7.1 million for the fourth quarter, bringing our full-year 2023 adjusted EBITDA to $41.6 million.
  • Intrepid generated fourth quarter and full-year 2023 sales of approximately $56.7 million and $279.1 million, respectively, which compares to fourth quarter and full-year 2022 sales of approximately $66.7 million and $337.6 million, respectively.

STACK Infrastructure and IPI Partners Promote STEM Education with Girl Scouts of Colorado Partnership

Retrieved on: 
Tuesday, February 27, 2024

DENVER, Feb. 27, 2024 (GLOBE NEWSWIRE) -- STACK Infrastructure (“STACK”), the digital infrastructure partner to the world’s most innovative companies, in collaboration with IPI Partners (“IPI”), a global investment platform focused exclusively on digital infrastructure and other technology and connectivity-related real assets, today announced a partnership with Girl Scouts of Colorado .

Key Points: 
  • DENVER, Feb. 27, 2024 (GLOBE NEWSWIRE) -- STACK Infrastructure (“STACK”), the digital infrastructure partner to the world’s most innovative companies, in collaboration with IPI Partners (“IPI”), a global investment platform focused exclusively on digital infrastructure and other technology and connectivity-related real assets, today announced a partnership with Girl Scouts of Colorado .
  • “We are thrilled to be partnering with Girl Scouts of Colorado to nurture today’s youth and open their eyes to the opportunities awaiting them in the world of data centers,” said Heather Paduck, Chief Financial Officer, STACK Americas at STACK Infrastructure.
  • Upon completion of this comprehensive learning experience, participants earn a STACK and IPI-sponsored patch exclusive to Girl Scouts of Colorado.
  • “We believe in the potential of every girl to change the world, and this partnership opens up new avenues for our Girl Scouts to understand the critical role data centers serve,” said Leanna Clark, CEO, Girl Scouts of Colorado.

Intrepid Announces Date for Fourth Quarter 2023 Earnings Release

Retrieved on: 
Friday, February 23, 2024

Denver, CO, Feb. 23, 2024 (GLOBE NEWSWIRE) -- Intrepid Potash, Inc. (NYSE: IPI) plans to release its fourth quarter 2023 financial results on Wednesday, March 6, 2024, after the market closes.

Key Points: 
  • Denver, CO, Feb. 23, 2024 (GLOBE NEWSWIRE) -- Intrepid Potash, Inc. (NYSE: IPI) plans to release its fourth quarter 2023 financial results on Wednesday, March 6, 2024, after the market closes.
  • Intrepid will host a conference call on Thursday, March 7, 2024, at 12:00 p.m. Eastern Time to discuss the results and other operating and financial matters and answer investor questions.
  • Management invites you to listen to the conference call by using the toll-free dial-in number 1 (800) 715-9871 or International dial-in number 1 (646) 307-1963; please use conference ID 1179359.
  • The replay of the call will require the input of the conference ID 1179359.

ITS Logistics February Port Rail Ramp Index: Rail Operations Will Become a Critical Concern, Creating Capacity Strain in Major U.S. Metro Locations

Retrieved on: 
Tuesday, February 20, 2024

Shippers and BCOs should also be on the alert as rates and capacity availability are projected to become extremely volatile.

Key Points: 
  • Shippers and BCOs should also be on the alert as rates and capacity availability are projected to become extremely volatile.
  • The ITS Logistics US Port/Rail Ramp Freight Index forecasts port container and dray operations for the Pacific, Atlantic, and Gulf regions.
  • Ocean and domestic container rail ramp operations are also highlighted in the index for both the West Inland and East Inland regions.
  • Visit here for a full comprehensive copy of the index with expected forecasts for the U.S. port and rail ramps.

Intrepid Enters into Third Amendment to Cooperative Development Agreement with XTO

Retrieved on: 
Tuesday, January 9, 2024

Denver, CO, Jan. 09, 2024 (GLOBE NEWSWIRE) -- As previously announced, on December 12, 2023, Intrepid Potash, Inc. ("Intrepid," the "Company," or "our") (NYSE:IPI) entered into a Third Amendment to the Cooperative Development Agreement (the “Amendment”) with XTO Holdings, LLC (“XTO Holdings”) and XTO Delaware Basin, LLC, as successors in interest to BOPCO, L.P. (“XTO Delaware Basin,” and together with XTO Holdings, “XTO”).

Key Points: 
  • Denver, CO, Jan. 09, 2024 (GLOBE NEWSWIRE) -- As previously announced, on December 12, 2023, Intrepid Potash, Inc. ("Intrepid," the "Company," or "our") (NYSE:IPI) entered into a Third Amendment to the Cooperative Development Agreement (the “Amendment”) with XTO Holdings, LLC (“XTO Holdings”) and XTO Delaware Basin, LLC, as successors in interest to BOPCO, L.P. (“XTO Delaware Basin,” and together with XTO Holdings, “XTO”).
  • As consideration under the Amendment, on January 2, 2024, Intrepid received a payment of $45 million from XTO, which was in addition to an initial payment of $5 million received from XTO on December 12, 2023.
  • XTO is also required to pay additional amounts to Intrepid as an “Access Realization Fee,” up to a maximum amount of $100 million, in the event of certain additional drilling activities by XTO.
  • Pursuant to the Amendment, among other things, Intrepid agrees to support and not oppose XTO’s development and operation of XTO’s oil and gas interests within the Designated Potash Area (“DPA”).

ReGen III Provides Intellectual Property and Funding Update

Retrieved on: 
Wednesday, December 20, 2023

The Company is also informed that ReGen III's 2021 patent application to Intellectual Property India ("IPI") for the method and system for re-refining and upgrading used oil was recently granted.

Key Points: 
  • The Company is also informed that ReGen III's 2021 patent application to Intellectual Property India ("IPI") for the method and system for re-refining and upgrading used oil was recently granted.
  • Copies of the Letters Patent and a copy of the complete specification from the IPI have been received by ReGen III.
  • ReGen III continues to meet and engage with representatives of the U.S. Department of Energy's Loan Programs Office ("LPO") to incorporate feedback regarding the Company's draft application.
  • The Company recently submitted additional revisions and materials as part of the pre-application process, in advance of finalizing its formal application.

Intrepid Engages Pickering Energy Partners as Lithium Advisor

Retrieved on: 
Tuesday, December 12, 2023

Denver, CO, Dec. 12, 2023 (GLOBE NEWSWIRE) -- Intrepid Potash, Inc. ("Intrepid," "we," or "our") (NYSE:IPI) today announced it engaged Pickering Energy Partners LP (“Pickering” or “PEP”) to advise on maximizing the value of the lithium resource at its mine in Wendover, Utah.

Key Points: 
  • Denver, CO, Dec. 12, 2023 (GLOBE NEWSWIRE) -- Intrepid Potash, Inc. ("Intrepid," "we," or "our") (NYSE:IPI) today announced it engaged Pickering Energy Partners LP (“Pickering” or “PEP”) to advise on maximizing the value of the lithium resource at its mine in Wendover, Utah.
  • Pickering has established itself as a leader and trusted advisor in the energy space and we are excited to partner together and evaluate promising new direct lithium extraction (“DLE”) technologies to recover lithium from our brine and create value for Intrepid and our shareholders."
  • “The opportunity for Intrepid to develop its lithium resource is compelling as its existing potash operation and infrastructure provide a clear path to production in the rapidly growing lithium industry,” said Dan Pickering, Chief Investment Officer of PEP.
  • In addition to potash and salt, our brine resource also contains magnesium, lithium, and other associated minerals.