Plug Lands 1 GW Electrolyzer Order with H2 Energy Europe

Plug Secures World’s Largest Electrolyzer Order to Date

Green Hydrogen to Power Northern European Transportation Sector

LATHAM, N.Y., May 17, 2022 (GLOBE NEWSWIRE) — Plug Power Inc. (NASDAQ: PLUG), a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, has been awarded an order to deliver a one gigawatt (GW) electrolyzer to hydrogen company H2 Energy Europe. Planned for a green hydrogen production complex in Denmark, this is the largest capacity electrolyzer installation in the world to date.

Harnessing offshore wind power, Plug’s electrolyzer technology will enable the production of up to 100,000 metric tonnes per year of green hydrogen for use in the energy and transportation sector in northern Europe, supplying the fuel needed for the equivalent of approximately 15,000 heavy duty vehicles per day. Through its joint venture with Hyundai, H2 Energy will supply fleets of heavy-duty fuel cell trucks. In addition, earlier this year H2 Energy entered a joint venture with Phillips 66 to build more than 250 hydrogen refueling stations in Denmark, Germany and Austria supplied with green hydrogen from H2 Energy.

Pairing Plug’s leading electrolyzer technology with H2 Energy Europe’s engineering capabilities and strong partnerships, this project is a major step towards reducing carbon emissions in the transportation sector for key countries in northern Europe while building energy security.

“We see green hydrogen as the future and have made significant investments in green hydrogen including in the construction of a gigafactory for electrolyzer production,” noted Andy Marsh, CEO of Plug. “Our operational readiness and manufacturing capacity were key determinants in our selection for the world’s largest order to date, and we are pleased to be a part of this project with H2 Energy.”

Plug’s electrolyzer products destined for H2 Energy’s Danish complex will be manufactured at Plug’s gigafactory in Rochester, N.Y., the world’s first and largest fuel cell and electrolyzer manufacturing gigafactory. Deployment of the technology at H2 Energy’s complex is expected in 2024, with production of green hydrogen in 2025. The hydrogen production complex, announced in September 2021 by the Danish government, will be located near Esbjerg and owned and operated by H2 Energy Europe.

“Plug Power’s unique knowledge and market position within the green hydrogen ecosystem made our choice of collaboration very easy. We have the same ambitions to reduce CO2 emissions and create a world where hydrogen is the future of energy,” said Rolf Huber, Founder and CEO, H2 Energy.

Swiss-headquartered H2 Energy Europe is a joint venture between commodity trading firm Trafigura Pte Ltd. and H2 Energy Holding AG. Through its affiliated companies, H2 Energy was the first to develop and deliver hydrogen fuel cell trucks to commercial users and create a green hydrogen fueling ecosystem in Switzerland.

Plug has been a leader in PEM (proton exchange membrane) electrolysis technology for nearly 50 years and was recently named the number one hydrogen electrolyzer company by Guidehouse Insights.

About Plug

Plug is building an end-to-end green hydrogen ecosystem, from production, storage and delivery to energy generation, to help its customers meet their business goals and decarbonize the economy. In creating the first commercially viable market for hydrogen fuel cell technology, the company has deployed more than 50,000 fuel cell systems and over 165 fueling stations, more than anyone else in the world, and is the largest buyer of liquid hydrogen. With plans to build and operate a green hydrogen highway across North America and Europe, Plug is building a state-of-the-art gigafactory to produce electrolyzers and fuel cells and multiple green hydrogen production plants that will yield 500 tons of liquid green hydrogen daily by 2025. Plug will deliver its green hydrogen solutions directly to its customers and through joint venture partners into multiple environments, including material handling, e-mobility, power generation, and industrial applications.

Plug has been a leader in PEM (proton exchange membrane) electrolysis technology for nearly 50 years and was recently named the number one hydrogen electrolyzer company by Guidehouse Insights. This order with H2 Energy Europe follows a series of other sizable electrolyzer orders across the globe for Plug, including a 250 MW unit through a joint venture with Fortescue Future Industries Pty Ltd. in Australia, a 100 MW unit for Fertiglobe in Egypt, and a 10 MW unit for MOL Group in Hungary. In the U.S., Plug Power is currently installing 565 MW of its own electrolyzer products across its green hydrogen production network. Plug’s independent green hydrogen production network expects to deliver 70 TPD by the end of 2022 and remains on track for 500 TPD in North America by 2025 and 1,000 TPD globally by 2028.

The company behind the world’s first and most comprehensive green hydrogen ecosystem, Plug is making green hydrogen adoption simple for companies ready to improve both the efficiency and sustainability of their operations. For more information, visit www.plugpower.com.

About H2 Energy

H2 Energy was established in Zurich, Switzerland, in 2014 with the vision to play an active role in fighting climate change. The company wants to make hydrogen from renewable energy a cornerstone of the energy system by expanding the entire value chain across production, distribution and consumption in a sustainable and economic way. H2 Energy is involved in the entire hydrogen value chain, offering know-how and engineering each step of the way. The company draws on many years of experience, particularly in creating hydrogen production plants, establishing hydrogen refueling stations and in the engineering of hydrogen fuel cell applications. In 2020, Trafigura and H2 Energy announced a commercial collaboration to develop the production, storage and distribution of green hydrogen for refueling stations and industrial customers. Under the joint venture H2 Energy Europe, the two companies will invest in green hydrogen ecosystems across Europe. Visit: www.h2energy.ch

Plug Safe Harbor Statement

This communication contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 that involve significant risks and uncertainties about Plug Power Inc. (“PLUG”), including but not limited to statements about: PLUG’s plans to build and operate a green hydrogen highway across North America and Europe; PLUG’s electrolyzer technology expectation to produce up to 432 tons per day (TPD) of green hydrogen at the Denmark site; Plug’s independent green hydrogen production network expectation to deliver 70 TPD by the end of 2022 and 500 TPD in North America by 2025 and 1,000 TPD globally by 2028; the potential of PLUG’s customers to reduce their carbon footprint, generally and specifically displacing approximately 1.6 million tons of carbon emissions per year from this project. Such statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in these statements. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of PLUG in general, see PLUG’s public filings with the Securities and Exchange Commission (the “SEC”), including the “Risk Factors” section of PLUG’s Annual Report on Form 10-K for the year ended December 31, 2021 and any subsequent filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements are made as of the date hereof, and PLUG undertakes no obligation to update such statements as a result of new information.

MEDIA CONTACTS:

Plug
Caitlin Coffee
Allison+Partners
plugPR@allisonpr.com

H2 Energy Europe
Clifford zur Nieden
czn@h2energy.ch
Tel: +41 (79) 200 39 46

Andreas Skafte Hedensten
Mindshare Denmark
andreas.hedensten@mindshareworld.com
+45 (28) 92 64 94

Ready? Jet, Set, Go With ‘Visited’ App

Visited app’s new list feature lets users see how many famous places they visit.

Visited Travel App

Visited Travel App

TORONTO, May 17, 2022 (GLOBE NEWSWIRE) — Visited, a travel app released by Arriving In High Heels, allows users to map travels, check off places off the bucket list, and stay on top of travel trends. The popular travel app has been translated into 30 languages and is available to download for free on the App Store and Google Play Store.

Visited has rolled out a new set of travel lists. The list feature allows users to not only select the sites that they have visited but also see how they rank against other travellers. Users will find travel lists that match their interests, such as food and drink, nature, history, culture, architecture, religious sites, sporting events, and more.  Popular lists include: world capitals, ancient sites, lists of cruise ports, top beaches, best snorkelling locations, mountain ranges and art museums. The travel lists are sorted based on popularity by over 1.3 million international travellers who have installed the Visited app.

There are endless places to visit and having data from other world travelers will help users create their own bucket lists and personalized plans.

With the ability for users to create their very own digital scratch map with past and future travels by country, region/state and city, users are able to easily track their personal travel goals and gain personalized insights to key stats such as travel ranking, percentage of the world seen, and total countries visited.

Users can also leverage the Inspiration feature to discover new destinations with an intuitive swiping experience. By scanning popular and less viewed travel places, users can visualize and plan their next adventure on the Visited App with ease.

Created by Arriving In High Heels Corporation, Visited began as a tool for its creators to keep a log of their adventures and experiences as they navigated over 69 countries during their travels. Since then, the app has evolved into one of the most popular data-backed travel apps that enables users to set and meet their travel goals.

To learn more about the Visited app and its latest feature update, please visit https://visitedapp.com/.

About Arriving In High Heels Corporation

Arriving In High Heels Corporation is a mobile app company; Visited is their most popular app. Other apps include Pay Off Debt and X-Walk.

Contact Information

Anna Kayfitz
anna@arrivinginhighheels.com

Related Images

Image 1: Visited Travel App

Image 2: Find Travel Inspiration

Discover new destinations.

Image 3: Bucket List

Select places from multiple travel lists.

Image 4: Bucket List

Check off travel sites visited.

Image 5: Travel Inspirations

Discover new travel destinations.

Image 6: Map Your Travels

Personalized travel map of were you have been or want to go.

Image 7: Travel Goals

See your own personalized travel stats.

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Deborah Lipstadt’s Foreword to ‘Unstoppable’ is More Relevant Than Ever Due to a Substantial Rise in Global Antisemitism

Unstoppable

Unstoppable

NEW YORK, May 17, 2022 (GLOBE NEWSWIRE) — US Special Envoy to Monitor and Combat Antisemitism, Deborah E. Lipstadt, explains in her Foreword to Joshua M. Greene’s Unstoppable: Siggi B. Wilzig’s Astonishing Journey from Auschwitz Survivor and Penniless Immigrant to Wall Street Legend why Siggi B. Wilzig’s life story is more relevant than ever.

—Begin Foreword

I have been teaching about the Holocaust for over forty years and frequently invite Holocaust survivors to speak to my students. Among them have been a Jew who grew up in Germany and witnessed the rise of the Third Reich, a Jew who ended up in a ghetto and described the terrible hardships of life in that hellhole, a survivor of death camp Auschwitz-Birkenau who described the world’s largest killing field, and someone who survived in hiding who explained the terrible psychological trauma of being separated from family and forced to adopt a new identity. No matter how intellectually stimulating and challenging my lectures are, presentations by survivors are what my students remember best. Many of my students have never met a survivor before, and it is always an awe-inspiring experience for them.

This book comes at a particularly critical time as, sadly, those who can speak most convincingly about the Holocaust are all but gone. That is why videotaped interviews, memoirs, and biographies of survivors, such as this one of Siggi B. Wilzig, are so important. All those who survived Auschwitz as Siggi did and who witnessed people being tortured, beaten, and murdered have an important history to relate to; yet this book does something that many other memoirs and biographies fail to do, and that adds to its significance. Namely, it includes the subject’s post-Holocaust experiences. What was it like for Siggi to rebuild his life? How did he manage? What was it like to raise children whose relatives had nearly all been murdered in concentration camps? Where did he find the confidence to achieve what he did? How did he learn to experience joy again? Was he able to still believe in God?

What happened to Siggi after liberation is an important part of the miracle of his survival. Not everyone who came out of that dark time had the wherewithal to start anew, having lost everything and everyone. Siggi rose from the ashes, never gave up, and always moved forward. To be sure, like many other survivors, Siggi suffered from emotional scars and foibles. He was, after all, human. Yet he also emerged with the intent of leaving his mark on this world, with a love of life, with the desire to make a difference, and he did all that in an extraordinary fashion.

Still, he carried with him an enduring concern that the antisemitism at the root of the Holocaust was back with a vengeance. He was enraged, as every decent person should be, at the offenses of Holocaust deniers. He worried that, due to their propaganda, people would forget the past and fall prey to the hatred that was its foundation stone. Sadly, today we see that Siggi’s fears were not unfounded.

This biography brings the reader into the totality of its subject’s extraordinary life and leaves us marveling at the remarkable accomplishments of this man.

—End Foreword

Unstoppable was the winner of the Best of Los Angeles Award “Best Holocaust Book – 2021” reached #1 on Amazon in the Jewish Biography category, and was a Finalist in the Jewish Book Council Award for Best Biography of 2021.

About the Author:

Joshua M. Greene is a renowned Holocaust scholar and filmmaker whose biographies have sold more than a half- million copies worldwide. Greene is a popular lecturer who has spoken at the Pentagon and before the Judge Advocate General’s College, and his documentaries on Holocaust history have aired on PBS and Discovery. He has appeared on national media outlets, from NPR’s Fresh Air with Terry Gross to FOX News, CNN, and more.

About Deborah Lipstadt:

Deborah Lipstadt is an American historian, best known as the author of the books Denying the Holocaust, History on Trial: My Day in Court with a Holocaust Denier, The Eichmann Trial, and Antisemitism: Here and Now. Since 1993 she has been the Dorot Professor of Modern Jewish History and Holocaust Studies at Emory University in Atlanta, Georgia. Lipstadt was a consultant to the United States Holocaust Memorial Museum. In May 2022, she was named US Special Envoy to Monitor and Combat Antisemitism, in the rank of ambassador.

About the Book:

Title: Unstoppable: Siggi B. Wilzig’s Astonishing Journey from Auschwitz Survivor and Penniless Immigrant to Wall
Street Legend
Author: Joshua M. Greene
Publisher: Insight Editions/Simon & Schuster
Publication date: April 6, 2021
ISBN-10: 164722215X
ISBN-13: 978-1647222154
Accolades: #1 Bestseller on Amazon, Best Narrative Business Book of 2021, strategy+business Magazine (PwC)
For more information about Siggi B. Wilzig and his biography, please visit UnstoppableSiggi.com.

Media Contact:
Marty True • unstoppable@x-staticmediagroup.com • 786.408.6748

Available for interviews: Author, Joshua M. Greene & Ivan Wilzig, son of Siggi B. Wilzig.

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Unstoppable

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EV Technology Group Company, MOKE France, Announces Collaboration With SensCritique to Electrify the Croisette for the 2022 Cannes Film Festival

MOKE France and SensCritique partnering at the Cannes Film Festival

MOKE France and SensCritique partnering at the Cannes Film Festival

TORONTO, May 17, 2022 (GLOBE NEWSWIRE) — EV Technology Group Ltd. (the “Company” or “EV Technology Group”) (NEO: EVTG, DE:B96A) announces today that its wholly owned subsidiary MOKE France SAS (“MOKE France”) will collaborate with film production company SensCritique, to electrify the Croisette at the 2022 Cannes Film Festival with the MOKE Electric.

MOKE France owns the distribution rights for the MOKE electric vehicles in France, and will open its first flagship store ‘Casa MOKE’ in St Tropez this summer, bringing the iconic MOKE vehicle to the electric era. The annual Cannes Film Festival is the global cinematographic symbol of audacity and elegance, with an authentic and ‘avant-garde’ spirit, synonymous with the values of MOKE France.

Through the MOKE France partnership, SensCritique will be inviting film stars from the various Cannes festival locations for a journey down memory lane, revisiting their most beloved memories of the film festival over the years, whilst taking a tour in an iconic MOKE vehicle. The MOKE will be featured in a number of videos produced by SensCritique at the festival, between the 17th and the 28th of May.

“From Louis de Funès in The Exchange Student (1967) to Roger Moore in Live and Let Die (1973), the MOKE has always been a pop-culture reference connected with the movie industry. This exclusive partnership with SensCritique is an extraordinary opportunity to showcase our heritage and to epitomise the values of our brand at the world famous Cannes Film Festival,” said Willy Gruyelle, CEO of MOKE France.

“We’re delighted to offer this new format for our interviews in the 2022 Cannes film festival. To create genuine moments of complicity, what better way is there than riding with international talents in the new MOKE Electric,” said Maxime Ducrocq, CEO of SensCritique.

“The interviews will capture really intimate moments in the MOKE back in its natural environment in the South of France. The MOKE has been loved by French Riviera visitors since its conception in the 1960s, and is well and truly prepared for its reinvention as an electric vehicle this summer,” added Willy Gruyelle.

EV Technology Group

MOKE France and SensCritique partnering at the Cannes Film Festival

EV Technology Group

EV Technology Group was founded in 2021 with a vision of electrifying iconic brands – the and a mission of redefining the joy of motoring for the electric age. By acquiring iconic brands and bringing beloved motoring experiences to the electric age, EVT Group is driving the EV revolution forward. Backed by a diversified team of passionate entrepreneurs, engineers and driving enthusiasts, EVT Group creates value for its customers by owning the total customer experience — acquiring and partnering with iconic brands with significant growth potential in unique markets, and controlling end-to-end capabilities. To learn more visit: https://evtgroup.com/

Media
Rachael D’Amore
rachael@talkshopmedia.com
+1519-564-9850

Investor Relations
Dave Gentry
dave@redchip.com
+14074914498

EV Technology Group
Wouter Witvoet
CEO and Chairman of the Board
wouter@evtgroup.com

Forward-Looking Information

This news release contains forward-looking statements including, but not limited to, the collaboration between MOKE France SAS and SensCritique, the opening of Casa MOKE, the Cannes Film Festival and EV Technology Group operations, expectations, and future actions. Often, but not always, these Forward-looking Statements can be identified by the use of words such as “estimated”, “potential”, “open”, “future”, “assumed”, “projected”, “used”, “detailed”, “has been”, “gain”, “planned”, “reflecting”, “will”, “containing”, “remaining”, “to be”, or statements that events, “could” or “should” occur or be achieved and similar expressions, including negative variations.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any results, performance or achievements expressed or implied by the Forward-looking Statements, including those factors discussed under “Risk Factors” in the filing statement of the Company. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in Forward-looking Statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended.

Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. The forward-looking statements contained herein are made as of the date hereof and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except where required by law. There can be no assurance that these forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

THE NEO STOCK EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/86a096af-87c8-4708-b7de-8afedc1533a9

RAJANT AND ACUBIS TECHNOLOGIES ANNOUNCE SUCCESSFUL FE1 PEREGRINE AND HAWK DEPLOYMENTS FOR STANWELL’S MEANDU MINE

100 BreadCrumbs deployed for CCTV, Access Control, Fleet Management and Autonomous Haulage

Malvern, Pennsylvania (USA), May 17, 2022 (GLOBE NEWSWIRE) — Rajant Corporation, the pioneer of Kinetic Mesh® wireless networks, and Acubis Technologies, a Kinetic Mesh Premier Partner (KMPP) in Australia, have delivered the first FE1 series BreadCrumbs® – Rajant Peregrine and Hawk – to a government-owned utilities provider in southwest Queensland. The customer, Stanwell, was battling the ever-evolving data and application requirements of its operational technology (OT) network, which supports CCTV, access control, in-vehicle fleet management, and autonomous haulage and needed the additional throughput that Peregrine and Hawk provide.

“Stanwell owns Tarong power stations, one of Queensland’s largest electricity-generating sites, and the stations receive coal from the Stanwell-owned Meandu Mine via a conveyor. Dependency on sustained operations and critical infrastructure security are paramount,” shares Chris Acton, Acubis General Manager. “Industrial conditions are harsh and towering ridges surround the mine. Running multiple applications, video streams, real-time data transfer, and edge devices required Rajant for unfailing networking with high throughput and low latency. The Peregrine and Hawk are robust and secure. Moreover, these BreadCrumb radio nodes can grow with the capacity needs for future applications and deliver cost-saving efficiencies to Stanwell’s thermal power production.”

According to Stanwell’s Manager of Business Improvement and Technology Julio Romani, “The Meandu Technology Roadmap highlighted that a prerequisite for Meandu to accelerate and realize the value provided by technology advances was the establishment of suitable networks and communications platforms. The Rajant Peregrine & Hawk are an integral OT infrastructure component.  These BreadCrumb nodes maximize the use of the fleet management system, enable telemetry and high precision GPS technologies, and provide connectivity for CCTV, environmental, and control systems that operate across our Rajant wireless network.”

Acubis Technologies

A remote communication specialist focused on Rajant Kinetic Mesh; we are passionate about helping clients invest in the right networking solutions to stay connected. By understanding their unique operating environment, digital communications solutions are designed, implemented, and commissioned to deliver seamless connectivity.

About Rajant Corporation

Rajant Corporation is the broadband communications technology company that invented Kinetic Mesh® networking, BreadCrumb® wireless nodes, and InstaMesh® networking software. With Rajant, customers can rapidly deploy a highly adaptable and scalable network that leverages the power of real-time data to deliver on-demand, mission-critical business intelligence. A low-latency, high-throughput, and secure solution for a variety of data, voice, video, and autonomous applications, Rajant’s Kinetic Mesh networks provide industrial customers with full mobility, allowing them to take their private network applications and data anywhere. With successful deployments in more than 70 countries for customers in military, mining, ports, rail, oil & gas, petrochemical plants, municipalities, and agriculture. Rajant is headquartered in Malvern, Pennsylvania, with additional facilities and offices in Arizona and Kentucky. For more information, visit Rajant.com or follow Rajant on LinkedIn and Twitter.

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Alice DiSanto
Rajant Corporation
914-582-8464
adisanto@rajant.com

WHR Group, Inc. Named a Top Workplace for the Ninth Consecutive Year

MILWAUKEE, Wis., May 17, 2022 (GLOBE NEWSWIRE) — For the ninth consecutive year, WHR Group, Inc. (WHR) was named a Top Workplace by the Milwaukee Journal Sentinel. Top Workplaces surveys employee engagement and satisfaction at companies throughout the US. Awards are given to companies in different regions including the Northeast, Southeast, Midwest, Southwest, Rocky Mountains and the Pacific. Headquartered in Milwaukee, Wisconsin, WHR was awarded a Top Workplace in the Milwaukee and Southeast Wisconsin region.

Top Workplace awards are based solely on the results of employee survey feedback administered by Energage, LLC, a leading research firm that specializes in organizational health and workplace improvement. What makes this award so special, and humbling is that WHR’s employees provided the survey feedback.

WHR Employees and Culture
WHR believes it’s critical to focus on culture in the workplace. As a relocation management company, WHR helps other organizations attract and retain the best talent, which it couldn’t do without finding and retaining the best talent internally.

According to WHR Human Resources Manager, Kimberley Uitz, SHRM-CP, GPHR, “Top Workplaces is an important recognition to any employer, employee or potential employee. In the past few years, this has become more critical, and in some ways harder to obtain. WHR is honored to have earned Top Workplace in 2022 and for our ninth consecutive year. We hope to continue expanding and growing our fantastic employee base.”

WHR wants its employees to enjoy coming into the office, be engaged, be proud of the work they do and grow their careers for success. You can’t have great culture without great people. WHR Group takes the feedback it receives from its employees and acts on it. WHR’s passion has always been Advancing Lives Forward® and WHR embodies this passion for its client’s transferees and its employees.

WHR is proud of this nine-time recognition and its very talented employees.

About WHR Group, Inc.
WHR is a private global employee relocation management company distinguished by its white-glove service delivery structure and proprietary technology. WHR has offices in Wisconsin, Switzerland, and Singapore. With its 100% client retention rate for the past decade, WHR continues to be the trusted leader in global employee relocation. https://www.whrg.com,  LinkedInTwitter and Facebook.

Media Contact: Mindy Stroiman, Corporate Writer
Mindy.Stroiman@whrg.com
262-523-7510

WillScot Mobile Mini Acquires Leading California Portable Classroom Provider

PHOENIX, May 16, 2022 (GLOBE NEWSWIRE) — WillScot Mobile Mini Holdings Corp. (“WillScot Mobile Mini” or the “Company”) (Nasdaq: WSC), a North American leader in modular space and portable storage solutions, today announced that it has acquired Elite Modular Leasing and Sales, Inc. The transaction was funded with cash on hand and borrowings under the Company’s revolving credit agreement. This acquisition adds approximately 900 modular units to the Company’s existing operations throughout California.

Brad Soultz, Chief Executive Officer, commented, “The acquisition of Elite Modular expands our presence in California and adds particular expertise serving the public education sector. I have been impressed by the Elite team and their demonstrated success competing in this market. As we continue to execute our growth strategy, I am excited to offer our diverse and fully turnkey offering to these new customers. I welcome the employees of Elite Modular to the WillScot Mobile Mini team and thank them and our current team for their efforts in integrating these two great organizations.”

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended. The words “estimates,” “expects,” “anticipates,” “believes,” “forecasts,” “plans,” “intends,” “may,” “will,” “should,” “shall,” “outlook” and variations of these words and similar expressions identify forward-looking statements, which are generally not historical in nature. Certain of these forward-looking statements include statements relating value creation, the Company’s share price and the Company’s future performance. Forward-looking statements are subject to a number of risks, uncertainties, assumptions and other important factors, many of which are outside our control, which could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. These risks include, without limitation, the risks and uncertainties described in the periodic reports we file with the SEC from time to time (including our Form 10-K for the year ended December 31, 2021), which are available through the SEC’s EDGAR system at www.sec.gov and on our website. Any forward-looking statement speaks only at the date on which it is made, and WillScot Mobile Mini disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

About WillScot Mobile Mini Holdings Corp.

WillScot Mobile Mini Holdings trades on the Nasdaq stock exchange under the ticker symbol “WSC.” Headquartered in Phoenix, Arizona, the Company is a leading business services provider specializing in innovative flexible workspace and portable storage solutions. WillScot Mobile Mini services diverse end markets across all sectors of the economy from a network of over 275 branch locations and additional drop lots throughout the United States, Canada, Mexico and the United Kingdom.

Contact Information

Investor Inquiries:

Nick Girardi

nick.girardi@willscotmobilemini.com

Media Inquiries:

Scott Junk

scott.junk@willscotmobilemini.com

Agthia Group Achieves Record Quarterly Revenues of AED 1.05 Billion in Q1 2022

Agthia

Agthia

ABU DHABI, Arab Emirates, May 16, 2022 (GLOBE NEWSWIRE) — Agthia Group PJSC, one of the region’s leading food and beverage companies, announced today that its quarterly net revenues surpassed AED 1 billion in Q1 2022 for the first time since its inception, registering a 58% year-on-year growth.

Group net profit attributable to shareholders was AED 82 million for the quarter, a 64% increase relative to Q1 2021. The quarter was the first when the performance of all five acquisitions made in 2021 were consolidated and reflected on the Group’s financial statements.

Khalifa Sultan Al Suwaidi, Chairman of Agthia Group, said: “Agthia’s first quarter results for 2022 are indicative of the hard work throughout the previous year to acquire and consolidate value-accretive brands that complement our existing portfolio of companies. This achievement is just the beginning of our mission to build a more holistic, efficient, and integrated business model after successfully rounding out the first year of our five-year strategy.”

Alan Smith, Chief Executive Officer of Agthia Group, said: “In the first quarter of 2022, our attention was focused primarily on the seamless integration of the entities acquired in 2021. Despite the ongoing fluidity of market conditions and a challenging global inflationary environment, we are steadfast in continuing Agthia’s journey of transformation. We see significant headroom to grow further as we continue to pursue full integration as a top priority in 2022 and we remain firmly on-track to deliver against our five-year strategic roadmap.”

From a financial perspective, Agthia’s consumer business division achieved substantial growth of 83% compared to the previous year, now encompassing 75% of total group sales.

  • The Protein & Frozen segment contributed AED 294 million to the top-line, driven by the consolidation of Nabil Foods and Atyab in the quarter.
  • Snacking added AED 255 million to the top-line, driven by the first quarter inclusion of BMB Group, Al Foah and Al Faysal Bakery & Sweets.
  • Water & Beverage, and Other Food items, recorded revenues of AED 238 million. The bottled water segment in the UAE preserved market leadership throughout the quarter, standing respectively at 28.6% for volume and 28.5% in value shares.
  • Revenue in the Agri-business division for the quarter stood at AED 266 million, a 13% increase relative to 2021.

The Group’s total assets reached AED 6.6 billion as of 31st March 2022, while total shareholders’ equity for the period stood at AED 2.8 billion.

Agthia’s Board of Directors approved a cash dividend equivalent to AED 0.0825 per share for the second half of 2021.

-ENDS-

About Agthia

Agthia is a leading Abu Dhabi based food and beverage company. Established in 2004, the Company is listed on the Abu Dhabi Securities Exchange (ADX) and has the symbol “AGTHIA”. Through Senaat, Agthia Group PJSC is part of ADQ, one of the region’s largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy.

Media Inquiries:
Eman Salem, press@30n.org

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Image 1: Agthia

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