CDMA

Carbon TerraVault Provides 2023 Update

Retrieved on: 
Tuesday, February 27, 2024

Carbon TerraVault (CTV) today provided an update on its 2023 operations.

Key Points: 
  • Carbon TerraVault (CTV) today provided an update on its 2023 operations.
  • California Resources Corporation (NYSE: CRC) conducts its carbon management business through Carbon TerraVault which pursues carbon capture and sequestration projects that are directly sited or within close proximity to significant sources of carbon dioxide (CO2) emissions in California.
  • “During 2023, our team meaningfully advanced the expansion of our carbon management business by announcing new Carbon Dioxide Management Agreements (CDMAs)1, submitting new permits to the EPA and attracting new greenfield project capital to California,” said Francisco Leon, CRC’s President and Chief Executive Officer.
  • The CDMA provides a path for the parties to reach final definitive documents and final investment decision.

Cellular M2M Module Market size to grow by USD 3.04 billion between 2022 - 2027| Market is driven by Use of M2M technology for remote patient monitoring- Technavio

Retrieved on: 
Thursday, December 14, 2023

The potential growth difference for the cellular m2m module market between 2022 and 2027 is USD 3.04 billion.

Key Points: 
  • The potential growth difference for the cellular m2m module market between 2022 and 2027 is USD 3.04 billion.
  • The expansion of the Cellular Machine-to-Machine (M2M) Module Market is significantly driven by the adoption of M2M technology for remote patient monitoring, notably within the healthcare sector.
  • Request Sample Report
    In the Cellular Machine-to-Machine (M2M) Module Market, growing concerns regarding privacy and security present a significant challenge.
  • Cellular IoT Market : The cellular IoT market size is estimated to grow at a CAGR of 23% between 2022 and 2027.

Carbon TerraVault Provides Third Quarter 2023 Update

Retrieved on: 
Wednesday, November 1, 2023

Carbon TerraVault (CTV), a subsidiary of California Resources Corporation (NYSE: CRC) which provides carbon management services that include capture, transport and storage of carbon dioxide (CO2) for its customers, today provided an update on its operations.

Key Points: 
  • Carbon TerraVault (CTV), a subsidiary of California Resources Corporation (NYSE: CRC) which provides carbon management services that include capture, transport and storage of carbon dioxide (CO2) for its customers, today provided an update on its operations.
  • Highlights of the New Capture to Storage Project Include:
    Estimated capital required to construct the carbon capture equipment will be in the $10 - $15 million range.
  • “This project highlights the value proposition of our CTV Clean Energy Park and its important role within Carbon TerraVault’s strategy,” said Francisco Leon, CRC’s President and Chief Executive Officer.
  • The CDMA provides a path for the parties to reach final definitive documents and FID
    As of September 30, 2023, CRC has submitted 6 Class VI permits to the EPA for a total projected storage capacity of 191 MMT.

California Resources Corporation Reports Strong Third Quarter 2023 Financial Results, Announces 10% Increase in Quarterly Dividend and Meaningfully Advances its Carbon Management Business

Retrieved on: 
Wednesday, November 1, 2023

California Resources Corporation (NYSE: CRC), an independent energy and carbon management company committed to energy transition, today reported third quarter 2023 operational and financial results.

Key Points: 
  • California Resources Corporation (NYSE: CRC), an independent energy and carbon management company committed to energy transition, today reported third quarter 2023 operational and financial results.
  • We see a number of new and exciting developments for CRC as we continue to build a different kind of energy company."
  • CRC expects its fourth quarter 2023 total capital to range between $70 to $76 million under current operating conditions.
  • During the fourth quarter of 2023, CRC expects to invest approximately $10 to $20 million for additional land easements to expand its carbon management business.

Medical Device Testing Market worth $13.5 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Monday, October 23, 2023

The certification services segment in the medical device testing market is projected to exhibit the highest compound annual growth rate (CAGR) due to several factors.

Key Points: 
  • The certification services segment in the medical device testing market is projected to exhibit the highest compound annual growth rate (CAGR) due to several factors.
  • Medical device testing market for in-house segment to hold the highest market share during the forecast period.
  • Medical device testing market for active implant medical devices to exhibit the highest CAGR during the forecast period.
  • These players have a strong market presence for medical device testing across various countries in North America, Europe, Asia Pacific, and RoW.

Airgain Adds a Global Wireless Connectivity Veteran As Vice President of Engineering

Retrieved on: 
Monday, October 16, 2023

Airgain, Inc. (NASDAQ: AIRG) , a leading provider of wireless connectivity solutions that creates and delivers embedded components, external antennas, and integrated systems across the globe, announced that Evan Jones, former Vice President of System Engineering for Sierra Wireless, joined its executive team as Vice President of Engineering.

Key Points: 
  • Airgain, Inc. (NASDAQ: AIRG) , a leading provider of wireless connectivity solutions that creates and delivers embedded components, external antennas, and integrated systems across the globe, announced that Evan Jones, former Vice President of System Engineering for Sierra Wireless, joined its executive team as Vice President of Engineering.
  • With over 30 years of experience in engineering management and wireless product development, Jones is a well-known and proven veteran in the IoT industry.
  • View the full release here: https://www.businesswire.com/news/home/20231016069917/en/
    Evan Jones Vice President of Engineering at Airgain (Photo: Business Wire)
    “Evan Jones brings a deep well of experience and knowledge alongside a proven track record of leading engineering and customer-technical teams,” said Airgain CEO Jacob Suen.
  • Airgain is a global leader in wireless innovation and technology, and that is exactly where I want to be at this next phase of my career.

California Resources Corporation Releases 2022 Sustainability Update Detailing Progress on Sustainability Initiatives and ESG Performance

Retrieved on: 
Thursday, August 17, 2023

California Resources Corporation (NYSE: CRC) today announced the publication of its 2022 Sustainability Update .

Key Points: 
  • California Resources Corporation (NYSE: CRC) today announced the publication of its 2022 Sustainability Update .
  • The Update details the progress CRC made last year as it continues to work toward meeting a high standard for environmental, social and governance (ESG) performance and its 2045 Full-Scope Net Zero Goal.
  • Highlights and achievements from CRC’s 2022 Sustainability Update include:
    Announced updated and expanded ESG goals on methane emissions, freshwater usage, community giving and diversity in leadership, and linked ESG performance to executive pay.
  • For more information about CRC’s sustainability efforts and to download the 2022 Sustainability Update, please visit crc.com/esg .

Worldwide Smartphone Forecast Report 2023-2027 Featuring Alcatel, Apple, Google, Lenovo, Motorola, Nokia, OnePlus, TCL, Transsion, & ZTE

Retrieved on: 
Monday, August 14, 2023

DUBLIN, Aug. 14, 2023 /PRNewswire/ --  The "Worldwide Smartphone Forecast, 2023 - 2027" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Aug. 14, 2023 /PRNewswire/ --  The "Worldwide Smartphone Forecast, 2023 - 2027" report has been added to ResearchAndMarkets.com's offering.
  • The demand for smartphones in the market continues to remain weak in 2023, leading to limited growth and pull-in demand.
  • It also provides an overview of the market volume and market share in major regions worldwide.
  • Worldwide Mobile Phone Market by Device Type, 2021-2027
    Worldwide Mobile Phone Market Share by Device Type, 2021-2027
    Worldwide Smartphone Market by Region, 2021-2027
    Worldwide Smartphone Market Share by Region, 2021-2027
    Worldwide Smartphone Market by Price Point, 2021-2027
    Worldwide Smartphone Market Share by Price Point, 2021-2027
    Worldwide Smartphone Market by Operating System, 2021-2027
    Worldwide Smartphone Market Share by Operating System, 2021-2027

Verde Clean Fuels Announces Carbon Capture Agreement for Renewable Gasoline Plant in California

Retrieved on: 
Tuesday, August 1, 2023

Verde Clean Fuels (“Verde”) (Nasdaq: VGAS), a company focused on becoming the leading supplier of gasoline and other fuels derived from renewable feedstocks or natural gas, today announced a Carbon Dioxide Management Agreement (CDMA) between Verde and Carbon TerraVault JV HoldCo, LLC (“CTV JV”), a carbon management partnership focused on carbon capture and sequestration development formed between Carbon TerraVault, a subsidiary of California Resources Corporation (“CRC”) (NYSE: CRC), and Brookfield Renewable (NYSE: BEP).

Key Points: 
  • Verde Clean Fuels (“Verde”) (Nasdaq: VGAS), a company focused on becoming the leading supplier of gasoline and other fuels derived from renewable feedstocks or natural gas, today announced a Carbon Dioxide Management Agreement (CDMA) between Verde and Carbon TerraVault JV HoldCo, LLC (“CTV JV”), a carbon management partnership focused on carbon capture and sequestration development formed between Carbon TerraVault, a subsidiary of California Resources Corporation (“CRC”) (NYSE: CRC), and Brookfield Renewable (NYSE: BEP).
  • Under the terms of the agreement, Verde will construct a new renewable gasoline production facility at CRC’s existing Net Zero Industrial Park in Kern County, California.
  • “This new agreement between CTV JV and Verde Clean Fuels provides an innovative approach to renewable fuels at the heart of energy development in the state, and further validates CRC’s decarbonization efforts by a publicly traded company looking to expand in California.”
    The renewable gasoline facility will employ Verde proprietary and innovative liquid fuels technology to convert synthetic gas (syngas) into renewable gasoline.
  • ( www.inentec.com ) The project is expected to produce approximately 7 million gallons per year of renewable gasoline for use as transportation fuel.

California Resources Corporation Reports Strong Second Quarter 2023 Financial Results and Provides Updates on Carbon Management Business

Retrieved on: 
Monday, July 31, 2023

As of June 30, 2023, the Class VI application for CTV IV was determined to be administratively complete.

Key Points: 
  • As of June 30, 2023, the Class VI application for CTV IV was determined to be administratively complete.
  • The aggregate commitment under CRC's Revolving Credit Facility was $627 million as of June 30, 2023, which includes a net $25 million increase that occurred during the second quarter of 2023.
  • The dividend is payable to shareholders of record on September 1, 2023 and will be paid on September 15, 2023.
  • During the second quarter of 2023, CRC repurchased 1.6 million shares for $64 million at an average price of $39.12 per share.