Rail Power Supply Market Outlook: World Approaching Demand & Growth Prospect 2024-2030 11-25-2024 09:21 PM CET | Advertising, Media Consulting, Marketing Research Press release from: AMA Research & Media LLP The latest study released on the global 'Rail Power Supply' market by AMA Research evaluates market size, trend, and forecast to 2030. The 'Rail Power Supply' market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors. Get free access to Sample Report in PDF Version along with Graphs and Figures @ https://www.advancemarketanalytics.com/sample-report/124155-global-rail-power-supply-market?utm_source=OpenPR/utm_medium=Rahul Some of the key players profiled in the study are: PULS (United States), Siemens (Germany), Phoenix Contact (Germany), Weidmuller (Germany), Mean Well (Taiwan), ABB (Switzerland), TDK-Lambda (Japan), Schneider Electric (France), OMRON (Japan), IDEC (Japan) These power supplies are alternating current (AC) to direct current (DC) transformers in a variety of ranges. The end-user can obtain the required DC output power by using the various settings available in the power supply. These power supply units are easy to install and require less or no maintenance. With above said advantages of rail power supplies, the downtime is kept at a minimum level without compromising the efficiency or the productivity of the plant. The rail power supplies are mainly used in industry automation and control, light industrial, instrumentation, process control etc. It has started playing the role of an indispensable part in terms of power supply quality and reliability. Keep yourself up-to-date with latest market trends and changing dynamics due to COVID Impact and Economic Slowdown globally. Maintain a competitive edge by sizing up with available business opportunity in Rail Power Supply Market various segments and emerging territory. Influencing Market Trend •The Increasing Oil and Gas Industry across the World •Growing Innovation of New Input Systems Market Drivers •The Growing Power and Energy Industry •Raising in the Demand for Rail Power Supply Opportunities: •Increasing Requirement of Rail Power Supply in Various End-User Industries Challenges: •Various Region-Wise Regulations and Safety Standards Analysis by Type (AC-DC Power Supply, DC-DC Converter), Application (IT, Industry, Power & Energy, Oil & Gas, Others), Phase (Single-Phase, Two-Phase, Three-Phase), Output Power (Low, Medium, High) Have Any Questions Regarding Global Rail Power Supply Market Report, Ask Our Experts@ https://www.advancemarketanalytics.com/enquiry-before-buy/124155-global-rail-power-supply-market?utm_source=OpenPR/utm_medium=Rahul The regional analysis of Global Rail Power Supply Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world. Whereas, owing to rising no. of research activities in countries such as China, India, and Japan, Asia Pacific region is also expected to exhibit higher growth rate the forecast period 2024-2030. Table of Content Chapter One: Industry Overview Chapter Two: Major Segmentation (Classification, Application and etc.) Analysis Chapter Three: Production Market Analysis Chapter Four: Sales Market Analysis Chapter Five: Consumption Market Analysis Chapter Six: Production, Sales and Consumption Market Comparison Analysis Chapter Seven: Major Manufacturers Production and Sales Market Comparison Analysis Chapter Eight: Competition Analysis by Players Chapter Nine: Marketing Channel Analysis Chapter Ten: New Project Investment Feasibility Analysis Chapter Eleven: Manufacturing Cost Analysis Chapter Twelve: Industrial Chain, Sourcing Strategy and Downstream Buyers Read Executive Summary and Detailed Index of full Research Study @ https://www.advancemarketanalytics.com/reports/124155-global-rail-power-supply-market?utm_source=OpenPR/utm_medium=Rahul Highlights of the Report • The future prospects of the global Rail Power Supply market during the forecast period 2024-2030 are given in the report. • The major developmental strategies integrated by the leading players to sustain a competitive market position in the market are included in the report. • The emerging technologies that are driving the growth of the market are highlighted in the report. • The market value of the segments that are leading the market and the sub-segments are mentioned in the report. • The report studies the leading manufacturers and other players entering the global Rail Power Supply market. Contact Us: Craig Francis (PR & Marketing Manager) AMA Research & Media LLP Unit No. 429, Parsonage Road Edison, NJ New Jersey USA - 08837 Phone: +1(201) 7937323, +1(201) 7937193 sales@advancemarketanalytics.com About Author: AMA Research & Media is Global leaders of Market Research Industry provides the quantified B2B research to Fortune 500 companies on high growth emerging opportunities which will impact more than 80% of worldwide companies' revenues. Our Analyst is tracking high growth study with detailed statistical and in-depth analysis of market trends & dynamics that provide a complete overview of the industry. We follow an extensive research methodology coupled with critical insights related industry factors and market forces to generate the best value for our clients. We Provides reliable primary and secondary data sources, our analysts and consultants derive informative and usable data suited for our clients business needs. The research study enables clients to meet varied market objectives a from global footprint expansion to supply chain optimization and from competitor profiling to M&As. This release was published on openPR.Visiting Santa Claus is a tradition for children young and old, but a viral social media post is bringing some people down.
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SANTA CLARA, Calif. (AP) — San Francisco quarterback Brock Purdy took part in some light throwing on Monday after missing his first career game because of an injury and the 49ers are hoping he can return this week. during a loss to Seattle on Nov. 17. Purdy underwent two MRIs last week that showed no structural damage. But Purdy he felt discomfort after making a few throws at practice on Thursday and was shut down for the game at Green Bay on Sunday that . Coach Kyle Shanahan said Monday that Purdy made it through the session without pain and will rest on Tuesday and hopefully be able to return to practice on Wednesday as the Niners prepare to play at Buffalo this coming week. “We rested it throughout the weekend hoping that would help,” Shanahan said. “He threw lighter today to see if that rest helps and the rest did help him. So we’ll see again, going through the same things we did last week. We’re going to let him rest all the way up to Wednesday. We’ll see how it feels on Wednesday and then we’ll take the exact same course throughout the week. Hopefully it responds better this week than it did last week with the rest.” went 17 for 29 for 199 yards with a touchdown, an interception and a lost fumble in his first start since the 2021 season. Allen would play once again if Purdy is unable to go on Sunday at Buffalo. Purdy wasn't the only star player missing for the 49ers on Sunday with defensive end Nick Bosa missing the game with injuries to his left hip and oblique and left tackle Trent Williams out with an ankle injury. “Just waiting to see how they respond,” Shanahan said. “They didn’t respond great last week. That’s why they weren’t able to go. Nick and Trent are both in the same boat. ... We’ll evaluate as this week progresses and hopefully it turns a better corner than it did last week.” In other injury news, linebacker Dre Greenlaw will return to practice this week for the first time since tearing his Achilles tendon in the Super Bowl last season. Greenlaw will likely need at least a couple of weeks of practice before being able to return to play. Offensive lineman Jon Feliciano will be shut down for the rest of the season after his knee injury didn't fully heal. Feliciano's three-week practice window ended Monday and the Niners decided to keep him on injured reserve instead of activating him. Left guard Aaron Banks, defensive tackle Jordan Elliott and receiver Jacob Cowing all remain in concussion protocol to start this week and their status is unknown. Right guard Dominick Puni (shoulder) and cornerback Deommodore Lenoir (knee) underwent MRIs on Monday and the team is waiting for results. Cornerback Renardo Green (neck) and linebacker Demetrius Flannigan-Fowles (knee) are day to day. Defensive tackle Kevin Givens is expected to return to practice this week after missing the past four games with a groin injury. AP NFL:
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NEW YORK , Nov. 25, 2024 /PRNewswire/ -- Report with the AI impact on market trends - The global 5-axis CNC machining centers market size is estimated to grow by USD 792.5 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 6.09% during the forecast period. Self-optimized machine cutting is driving market growth, with a trend towards reduction of changeover time for 5-axis cnc machines. However, highly capital-intensive market poses a challenge.Key market players include DMG MORI Co. Ltd., Doosan Corp., FANUC Corp., Gebr. Heller Maschinenfabrik GmbH, GF Machining Solutions AG, GROB WERKE GmbH and Co. KG, Haas Automation Inc., Hardinge Inc., Hurco Companies Inc., Hyundai Motor Co., JTEKT Corp., Jyoti CNC Automation Ltd., Makino Inc., Maschinenfabrik Berthold Hermle AG, Mitsubishi Electric Corp., Okuma Corp, SCM GROUP Spa, Siemens AG, Starrag Group, and Yamazaki Mazak Corp.. Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF Market Driver Five-axis CNC machining centers are advanced manufacturing solutions that offer precision, adaptability, and efficiency for industrial operations. These systems utilize linear axes for X, Y, and Z movements, as well as rotating axes for A and B, enabling multi-sided machining of complex parts. Trends in this market include the medical industry's demand for high-precision components, aerospace and defense's need for lightweight structures, and hybrid manufacturing combining subtractive processes with additive technologies. CNC programming, toolpath optimization, and specialized training are essential for effective operation. Precision engineering sectors, such as aerospace, automotive, and medical, benefit from the ability to produce complex geometries with minimal setup times and cycle time. Real-time monitoring, smart instruments, and multifaceted tools ensure manufacturing efficiency and quality improvement. Vertical machining centers and horizontal machining centers cater to various industries, including petroleum, metal fabrication, commercial aviation, military systems, electric vehicles, and general machinery. Industrial robots further enhance manufacturing processes by automating material handling and labor safety. Five-axis technology's adaptability and precision make it an indispensable part of modern manufacturing processes, driving innovation in various industries. The 5-axis CNC machining centers market is experiencing increased demand due to the significance of reducing changeover times to enhance productivity. Changeover time, the interval between the completion of one workpiece and the setup of the next, significantly impacts productivity negatively. To mitigate this issue, manufacturers are focusing on trends such as parallel operation. During parallel operation, workpieces are prepared in separate working areas while the CNC machine executes an operation on another workpiece. This approach reduces idle time and ultimately boosts productivity, making 5-axis CNC machines an attractive investment for businesses. Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution! Market Challenges The 5-axis CNC machining centers market is witnessing significant growth due to the increasing demand for advanced machining systems in various industries. Precision and adaptability are key factors driving this trend, as these systems enable the production of complex parts with high precision and efficiency. Industrial operations in sectors like aerospace, defense, medical, and automotive require intricate components with minimal setup times and optimal cycle times. Linear axes and rotating axes enable multi-sided machining, reducing the need for multiple setups and increasing manufacturing efficiency. The medical industry and high-precision components sector particularly benefit from this technology, as do industries producing complex geometries for applications in fields like aerospace and defense. Challenges in this market include the need for specialized training, toolpath optimization, and CNC programming. Hybrid manufacturing, combining subtractive processes with additive manufacturing, is a potential solution. Vertical and horizontal machining centers, industrial robots, and smart instruments are essential tools in this advanced manufacturing landscape. Safety, real-time monitoring, and cutting parameters are crucial considerations for labor safety and quality improvement. Changeover time, material handling, and manufacturing process optimization are also essential aspects of this dynamic market. The future of 5-axis CNC machining centers lies in advanced manufacturing solutions, incorporating the latest technology to meet the demands of diverse industries. The 5-axis CNC machining centers market is a significant investment for manufacturers, with raw materials accounting for approximately 48% of the overall manufacturing cost. Raw material prices, including iron, steel, aluminum, brass, and copper, significantly impact market profitability. Fluctuations in these prices necessitate frequent adjustments to pricing strategies, adding to operational expenses. Furthermore, workforce training and consultant hiring add to the financial burden. The need for continuous technological advancements also increases research and development costs, contributing to the market's high manufacturing costs. Discover how AI is revolutionizing market trends- Get your access now! Segment Overview This 5-axis cnc machining centers market report extensively covers market segmentation by 1.1 Automotive 1.2 Aerospace 1.3 Metal fabrication 1.4 Others 2.1 Vertical 5-axis CNC machining centers 2.2 Horizontal 5-axis CNC machining centers 3.1 APAC 3.2 North America 3.3 Europe 3.4 South America 3.5 Middle East and Africa 1.1 Automotive- The global automotive industry is experiencing significant changes due to regulatory framework updates, technological advancements, and evolving customer preferences. OEMs are responding by launching new vehicle categories, such as micro-SUVs and mid-size pickup trucks, to cater to diverse customer segments. Strict emission regulations and fuel efficiency standards are pushing automakers to adopt advanced manufacturing technologies, including 5-axis CNC machining centers. These systems enable cost-effective production of automotive parts and components with high precision. Despite the popularity of 3-axis machining, 5-axis CNC systems are increasingly preferred for turning and milling operations. The increasing demand for automobiles, particularly in oil-importing countries like India and China , will drive the growth of the 5-axis CNC machining centers market in the forecast period. The low gasoline prices are also fueling investment in the automotive sector, leading to higher adoption of these advanced manufacturing technologies. Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics Research Analysis The 5-axis CNC machining centers market represents the latest evolution in advanced machining systems, offering unparalleled precision and adaptability for industrial operations. These systems enable the production of complex parts with intricate geometries, reducing setup times and increasing efficiency. 5-axis machining centers utilize both linear axes for X, Y, and Z movements, as well as rotating axes for B and C movements, allowing for multi-sided machining. Industries such as medical, aerospace, petroleum, and metal fabrication benefit greatly from these high-precision components. Hybrid manufacturing, combining 5-axis machining with other processes like additive manufacturing, further expands the capabilities of these systems. Vertical and horizontal machining centers are common types, each with their unique advantages. Cycle time and material handling are critical factors in optimizing manufacturing processes, while quality improvement and changeover time are essential for maintaining competitiveness. Computer Numerical Control (CNC) technology ensures precise tool movement, and the manufacturing process is streamlined through efficient setup and production processes. Market Research Overview The 5-axis CNC machining centers market encompasses advanced machining systems designed for manufacturing complex parts with high precision and adaptability. Industrial operations rely on these systems to produce intricate components with minimal setup times and increased manufacturing efficiency. 5-axis technology incorporates linear axes for X, Y, and Z movements, as well as rotating axes for B and C axes, enabling multisided machining and manufacturing of complex geometries. Industries such as medical, aerospace and defense, petroleum, and automotive benefit from the production of high precision components using these systems. Hybrid manufacturing, subtractive processes, and CNC programming are integral to the manufacturing process, requiring specialized training for operators. Real-time monitoring, toolpath optimization, and smart instruments enhance the production process, reducing cycle time and changeover time. Vertical and horizontal machining centers cater to various industries, including aerospace, defense, commercial aviation, electric vehicles, and general machinery. The integration of industrial robots and advanced manufacturing solutions further streamlines manufacturing processes, ensuring labor safety and quality improvement. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation End-user Automotive Aerospace Metal Fabrication Others Product Vertical 5-axis CNC Machining Centers Horizontal 5-axis CNC Machining Centers Geography APAC North America Europe South America Middle East And Africa 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/ SOURCE TechnavioA street lamp is seen on Broadway Street with a snowflake decoration and a “shop local” banner on Dec. 1 in Farmington. Leo Goddard/Franklin Journal FARMINGTON — The holidays are coming up, are you prepared? Whether you’re already done checking off items on your gift list, or trying not to think about it, here’s the scoop on shopping locally; why should you? Sensory experience Many local shops are decked with festive lights and decor. Sure, it may be a bit busier downtown during the holiday season, but these shoppers are your neighbors, community members. You’re sure to receive a smile or a polite “oops, excuse me,” as you gently squeeze by other shoppers, and the cashier might even ask how the kids are doing. Christmas shopping is a classic holiday activity. What is better than shopping around small town businesses with a nice hot chocolate or coffee from the local cafe in hand? Make a day of it. Grab lunch, maybe see a movie. Walk the sidewalks all bundled up and marvel at the lights and snowy scenery. Where do you think Hallmark gets their ideas? This is what it’s all about. It’s not the same sitting behind a screen. A winter display is seen on Dec. 1 at Farmington Farmhouse Gifts & Decor in Farmington. Leo Goddard/Franklin Journal Support community Your community is there for you, so why not give back to them? These days it’s easy to place an order with the touch of a button, but are you sure you know where your money is going? When you shop locally at employee-owned and small businesses you can be sure that your money is appreciated and in good hands. Shopping locally not only keeps the stores in business, it keeps the downtown life and community alive. Many small-businesses donate funds that go right back into the community for events and mutual aid. Shopping local keeps the community alive and thriving. Find what you want Rather than going to the corporate department store, find a curated selection of items downtown. Narrow down your search by genre and find a bigger selection. Visit the local jeweler, yarn shop, or book store. Sure, large department stores are a one-stop shop, but their inventory is often limited. Why look for shoes at a store that also sells produce when you can go to your local footwear store? Plus, small-business employees might just be able to point you in the direction of the perfect gift for grandma. A winter display is lit up at Divine Footwear on Dec. 1 on Main Street in Farmington. Leo Goddard/Franklin Journal Quality, unique, affordable It is true that large department stores often have great deals and low prices, but it is a well-known fact that this is due to mass production and lower quality products. When you shop at your local markets, owners and employees have curated displays of high quality products. Small business owners purposefully pick what they stock in their stores because they know that a satisfied customer is sure to come back. There are many original, handmade products to be found that can make great unique, one-of-a-kind gifts. You may pay a little extra for a higher quality product, but that doesn’t mean you have to break the bank. Many stores offer deals and discounts just like any large corporation. If the businesses near you are still outside of your budget, try a local thrift store or used book store. Downtown Farmington recently celebrated Small Business Saturday on Nov. 30, with many local businesses offering discounts in their stores. And Friday, the 13th of December, many businesses downtown will be extending their hours to 8 p.m. for the Night Owl event. There will also be various activities taking place in different stores for that event. During a meeting with local business representatives, Patty Haggan, client account supervisor at American Forest Management, Inc. , said: “I’ve been getting feedback from people that usually drive through from Turner to go somewhere and when they stop they were like, ‘oh my goodness, I need to make a plan to come here just to shop.'” She shared that there were dozens of fall foliage tours that stop in Farmington. “This little old man said that he looked around and said ‘it’s just like a postcard,'” said Christine Geisser, co-owner of The Mercantile . Haggan said that the town is very walkable with good public parking and nice dining options. She said that the businesses are all intertwined, helping each other out. “We help with suggestions,” said Dean Olmsted, manager at Reny’s . “If we don’t have it in our store, if it’s something kitchen, we tell them to go to Mixed Up [Kitchen] , go get some lunch at the Orange Cat [Cafe] , or [Farmington] House of Pizza .” “We want people to get what they’re looking for if they’re making the drive from Carrabassett [Valley] or from Turner or from Jay, or wherever, they’re finding what they need,” said Haggan. “We’re all about customer service,” Olmsted said. We invite you to add your comments. We encourage a thoughtful exchange of ideas and information on this website. By joining the conversation, you are agreeing to our commenting policy and terms of use . More information is found on our FAQs . You can modify your screen name here . Comments are managed by our staff during regular business hours Monday through Friday as well as limited hours on Saturday and Sunday. Comments held for moderation outside of those hours may take longer to approve. Please sign into your Sun Journal account to participate in conversations below. If you do not have an account, you can register or subscribe . Questions? Please see our FAQs . Your commenting screen name has been updated. Send questions/comments to the editors. « Previous Next »
Yankees Named Top Landing Spot for $16M 'Perfect' Juan Soto ReplacementThe chairman of the City Council’s Police Committee raised serious questions Thursday about the city’s decision to reach an undisclosed settlement with the family of Dexter Reed, who was fatally shot by Chicago police officers in March after Reed shot and wounded one of them during a traffic stop. The timing of the settlement and the speed in which it was reached led Ald. Chris Taliaferro (29th) to suggest the deck may have been stacked against the five tactical officers from the beginning. Reed, 26, was shot on March 21 in the 3800 block of West Ferdinand in the Harrison District, a jurisdiction among the most violent in Chicago. Four officers fired 96 shots in 41 seconds at Reed — and struck him 13 times. The officers opened fire after Reed fired first, striking one of five tactical officers in the hand. All of the officers were dressed in plainclothes and piled into a single SUV. In the days and hours leading up to Reed’s death, those same five officers conducted 50 traffic stops on Chicago’s West Side. None of those 50 stops generated a single ticket. When the lawsuit was first announced in April, Reed’s mother, Nicole Banks, said the officers had “executed him.” The Reed family’s attorney, Andrew Stroth, declined to comment on the settlement agreement. Taliferro, a former Chicago police sergeant and internal affairs investigator who now chairs the City Council’s Police Committee, labeled the settlement “very hasty” and called the timing of it “fishy.” Taliaferro believes the shooting was justified. “Mr. Reed had a gun,” he said. “He pointed the gun at the officers and pulled the trigger and shot at the officers first. The officers responded for the protection of themselves and anyone in that vicinity that could have been harmed from Mr. Reed shooting. Under those circumstances, that’s self-defense.” Ald. Matt O’Shea (19th), whose Far Southwest Side ward is home to scores of Chicago police officers, said he was shocked that the city “moved so quickly” to settle with Reed’s family while the city still hasn’t “settled cases from years and years ago.” “Dexter Reed pulled out a gun and shot at police officers,” O’Shea said. “Chicago Police officers — any law enforcement officer — has a right to defend themselves.” Newly-elected State’s Attorney Eileen O’Neill Burke inherited the case from her predecessor Kim Foxx. Foxx had joined Mayor Brandon Johnson and Andrea Kersten, chief administrator of the Civilian Office of Police Accountability, at a City Hall news conference to release video of the Reed shooting and disclose basic facts of the case just days after the incident. Johnson appeared determined to contrast his transparent handling of the Reed shooting case with former Mayor Rahm Emanuel’s infamous and politically fatal decision to keep the Laquan McDonald shooting video under wraps until after the 2015 mayoral election. In 2014, McDonald, 17, was shot to death by Chicago police officer Jason Van Dyke, who later was convicted of the teen’s murder. Emanuel released the video that captured the shooting only after a judge forced him to do so. At the time of the Reed shooting, Johnson called the footage “deeply disturbing,” but walked a fine line between mourning Reed and offering prayers for the injured officer. “ As mayor and as a father raising a family, including two Black boys on the West Side of Chicago, I’m personally devastated to see yet another young Black man lose his life during an interaction with the police.” In their lawsuit against the city, the Reed family argued that the five officers “targeted Dexter during a predatory, violent, unlawful traffic stop” that culminated in the fatal shooting. The family claimed Reed’s death was “directly attributable to CPD’s longstanding practice of engaging in unlawful traffic stops.” Despite COPA’s finding that Reed fired first, the lawsuit held that Reed “clearly presented no threat” to the officers. Prior to the settlement, the city’s outside attorneys sought to dismiss a range of counts in the suit, including claims the department had engaged in a “pattern and practice” of conducting pretextual traffic stops and engaging in excessive force. Taliaferro predicted that the undisclosed settlement would have a tough time winning approval from the City Council’s Finance Committee and the full City Council. Emanuel agreed to a $5 million settlement in the Laquan McDonald case — before a lawsuit had even been filed by the 17-year-old’s family. But recent history suggests the timing of the Reed settlement is unusual. Lawsuits are still pending in three other recent, high-profile police shootings — two of which happened three years before Reed was shot and killed. Disciplinary action has already been either recommended or meted out in each of those cases. In two of them, involving the 2021 fatal shootings of Anthony Alvarez and Adam Toledo, prosecutors have announced that criminal charges will not be filed.
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NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN UNITED STATES CALGARY, Alberta, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Pieridae Energy Limited (“Pieridae” or the “Company”) (TSX: PEA) is pleased to provide 2025 guidance including scope of the 2025 capital program along with production and Net Operating Income 1 (“NOI”) projections. Pieridae’s specific priorities for 2025 are: Sustain a safe and regulatory compliant business Minimize facility outages to maximize sales and processing revenue. Further grow the third-party gathering and processing business at our operated facilities. Meaningfully reduce operating expenses to improve corporate netback. Deliver attractive ROI on value adding optimization projects included in the 2025 capital program. Reduce long term debt to improve financial flexibility. The 2025 production guidance of 23,000 to 25,000 boe/d assumes that approximately 9,400 boe/d of previously announced voluntary production shut-ins in Central AB, Northern AB, and Northeast BC persist throughout 2025. These dry gas, low margin properties produce to third-party facilities and were shut-in during the second and third quarters of 2024 due to low AECO natural gas prices and high processing costs. These shut-ins represent approximately 25% of the Company’s production capability. Material production upside is possible if these properties are reactivated; management’s decision to reactivate production from any of these areas is subject to supportive long-term economics. The shut-in production can be restored within one to two weeks and subsequent well and reservoir performance is not expected to be negatively impacted. Pieridae has hedged 110,000 GJ/d of its 2025 natural gas production at a weighted average fixed price of $3.32/GJ, and 1,679 bbl/d of its 2025 condensate production with a weighted average floor price of CAD$84.41/bbl and a weighted average ceiling price of CAD$92.32/bbl. The Company’s aggregate hedge position for 2025 totals 19,055 boe/d or approximately 80% of the above production guidance range. The unrealized gain on the Company’s hedge portfolio, which extends to mid-2028, is approximately $87 million using the forward strip as of November 30, 2024. Pieridae’s legacy fixed price sulphur contract, which was entered into in 2019, expires on December 31, 2025. Under this contract, the Company receives a net fixed price of approximately $6/tonne for the majority of its sulphur production of approximately 1,400 tonnes per day. Beginning January 1, 2026, the Company will receive market price for all sulphur production, less normal deductions for transportation, handling, and marketing representing a significant potential revenue opportunity. As of November 30, 2024, the spot west coast sulphur price is approximately US$143/tonne, prior to transportation and marketing costs. The $25-$30 million capital budget in 2025 includes approximately $14 million directed towards a high-impact well and facility optimization program funded with the equity raised during Q3 and Q4 2024. These high return, short payout capital projects are expected to increase sales revenue, improve facility efficiency, reduce operating cost and fuel gas consumption, and lower GHG compliance costs. Spending on this program commenced in Q4 2024 and will continue throughout 2025. The remainder of the 2025 capital is focused on routine capital maintenance, field operating technology upgrades, and site closure / decommissioning expenditures in Alberta and BC. Notably, Pieridae has not scheduled a major maintenance turnaround planned at any of the Company’s deep-cut, sour gas processing facilities during 2025 given the successful completion of gas plant turnarounds and other maintenance projects in 2023 and 2024. The next major maintenance turnaround is scheduled for 2026. Due to the current outlook for North American natural gas prices, Pieridae is not planning to resume drilling operations during 2025. Pieridae will only exploit its portfolio of high impact conventional Foothills drilling opportunities once natural gas prices sustainably recover and the Company has achieved its deleveraging target. ABOUT PIERIDAE Pieridae is a Canadian energy company headquartered in Calgary, Alberta. The Company is a significant upstream producer and midstream custom processor of natural gas, NGLs, condensate, and sulphur from the Canadian Foothills and adjacent areas in Alberta and in northeast British Columbia. Pieridae’s vision is to provide responsible, affordable natural gas and derived products to meet society’s energy security needs. Pieridae’s common shares trade on the TSX under the symbol “PEA”. For further information, visit www.pieridaeenergy.com , or please contact: Forward-Looking Statements Certain of the statements contained herein including, without limitation, management plans and assessments of future plans and operations, Pieridae’s outlook, strategy and vision, intentions with respect to future acquisitions, dispositions and other opportunities, including exploration and development activities, Pieridae’s ability to market its assets, plans and timing for development of undeveloped and probable resources, Pieridae’s goals with respect to the environment, relations with Indigenous people and promoting equity, diversity and inclusion, estimated abandonment and reclamation costs, plans regarding hedging, plans regarding the payment of dividends, wells to be drilled, the weighting of commodity expenses, expected production and performance of oil and natural gas properties, results and timing of projects, access to adequate pipeline capacity and third-party infrastructure, growth expectations, supply and demand for oil, natural gas liquids and natural gas, industry conditions, government regulations and regimes, capital expenditures and the nature of capital expenditures and the timing and method of financing thereof, may constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws (collectively “ forward-looking statements ”). Words such as “may”, “will”, “should”, “could”, “anticipate”, “believe”, “expect”, “intend”, “plan”, “continue”, “focus”, “endeavor”, “commit”, “shall”, “propose”, “might”, “project”, “predict”, “vision”, “opportunity”, “strategy”, “objective”, “potential”, “forecast”, “estimate”, “goal”, “target”, “growth”, “future”, and similar expressions may be used to identify these forward-looking statements. These statements reflect management's current beliefs and are based on information currently available to management. Forward-looking statements involve significant risk and uncertainties. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements including, but not limited to, the risks associated with oil and gas exploration, development, exploitation, production, processing, marketing and transportation, loss of markets, volatility of commodity prices, currency fluctuations, imprecision of resources estimates, environmental risks, competition from other producers, incorrect assessment of the value of acquisitions, failure to realize the anticipated benefits of acquisitions, delays resulting from or inability to obtain required regulatory approvals, ability to access sufficient capital from internal and external sources and the risk factors outlined under “Risk Factors” and elsewhere herein. The recovery and resources estimate of Pieridae's reserves provided herein are estimates only and there is no guarantee that the estimated resources will be recovered. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements. Forward-looking statements are based on a number of factors and assumptions which have been used to develop such forward-looking statements, but which may prove to be incorrect. Although Pieridae believes that the expectations reflected in such forward-looking statements are reasonable, undue reliance should not be placed on forward-looking statements because Pieridae can give no assurance that such expectations will prove to be correct. In addition to other factors and assumptions which may be identified in this document, assumptions have been made regarding, among other things: the impact of increasing competition; the general stability of the economic and political environment in which Pieridae operates; the timely receipt of any required regulatory approvals; the ability of Pieridae to obtain and retain qualified staff, equipment and services in a timely and cost efficient manner; the ability of the operator of the projects which Pieridae has an interest in to operate the field in a safe, efficient and effective manner; the ability of Pieridae to obtain financing on acceptable terms; the ability to replace and expand oil and natural gas resources through acquisition, development and exploration; the timing and costs of pipeline, storage and facility construction and expansion and the ability of Pieridae to secure adequate product transportation; future oil and natural gas prices; currency, exchange and interest rates; the regulatory framework regarding royalties, taxes and environmental matters in the jurisdictions in which Pieridae operates; timing and amount of capital expenditures; future sources of funding; production levels; weather conditions; success of exploration and development activities; access to gathering, processing and pipeline systems; advancing technologies; and the ability of Pieridae to successfully market its oil and natural gas products. Readers are cautioned that the foregoing list of factors is not exhaustive. Additional information on these and other factors that could affect Pieridae's operations and financial results are included in reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR+ website (www.sedarplus.ca), and at Pieridae's website (www.pieridaeenergy.com). Although the forward-looking statements contained herein are based upon what management believes to be reasonable assumptions, management cannot assure that actual results will be consistent with these forward-looking statements. Investors should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and Pieridae assumes no obligation to update or review them to reflect new events or circumstances except as required by applicable securities laws. Forward-looking statements contained herein concerning the oil and gas industry and Pieridae's general expectations concerning this industry are based on estimates prepared by management using data from publicly available industry sources as well as from reserve reports, market research and industry analysis and on assumptions based on data and knowledge of this industry which Pieridae believes to be reasonable. However, this data is inherently imprecise, although generally indicative of relative market positions, market shares and performance characteristics. While Pieridae is not aware of any misstatements regarding any industry data presented herein, the industry involves risks and uncertainties and is subject to change based on various factors. Additional Reader Advisories Barrels of oil equivalent (“boe”) may be misleading, particularly if used in isolation. A boe conversion ratio of 6 Mcf: 1 boe is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. Abbreviations Neither TSX nor its Regulation Services Provider (as that term is defined in policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.
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13-year-old Indian prodigy becomes IPL’s youngest ever
There is something I want to call early - I think the world is starting to heal itself. The green shoots started some time ago when middle Australia refused to be guilted into voting for the Voice referendum. Despite all the warm fuzziness and the crooning about modest invitations and the like, the Australian people instinctively knew they were being sold a pup by this campaign to insert race into the Constitution. The very notion that an extra layer of bureaucracy was going to improve health and education outcomes for kids in remote areas was laughable - but the purveyors of this drivel were so earnest in their delivery of it, I’m still unsure whether they were misguided or disingenuous. In Europe and the UK, we have seen farmers – the people who actually feed us – fight back against rampant and suffocating bureaucracy dreamt up by middling public servants who are more interested in achieving net-zero than in feeding the populace. As food prices continue to rise in developed nations while China pumps emissions into the atmosphere unabated, the realisation is setting in that everyday people in the West are the sacrificial lambs of this blinkered ideological pursuit which has no care for national security, the economy or living standards. The closing of the Tavistock clinic in the UK and the release of the Cass Report has signalled a rethink of experimental so-called “gender affirming care” for children suffering gender dysphoria. Finally, dissenting experts can again query medicine’s ability to solve teenagers’ troubles through life changing surgery. The results in the US presidential election seems like a shot of adrenalin in the healing process. Black and Hispanic men refused to be cowed by claims of misogyny for not voting for a black woman. Like other Americans, they chose to believe their own eyes that Kamala Harris – regardless of her skin colour – was an objectively hapless presidential candidate. The Republican slogan “Kamala is for they/them, Trump is for you” cut through the political discourse like a hot knife through butter. The Republicans shifted the focus from loud entitled minority groups back to everyday Americans and the notion of the collective “you” became as powerful as it was simple. Elsewhere across the trend driven corporate sphere, pronouns are slowly and quietly been deleted from email footers as the once precious virtue loses its sheen and is no longer worthy of being signalled. Even far-left democratic congresswoman, Alexandra Ocasio-Cortez has removed her she/her pronouns from her bio on X. Then the impossible happened: a white, blonde, blue-eyed European biological woman won Miss Universe. Imagine a person without a penis and an Adam’s apple winning a ‘Miss’ award. How retro. Vintage even. Like when your mum sent you to school dressed in a bonnet and a smock for Pioneer Day. I am eagerly awaiting the death knell of the era when blokes with frock fetishes think its ok to mansplain womanhood to us. It’s become a badge of honour to be called a TERF – a trans exclusionary radical feminist – as biological women push back to reclaim their sex-based rights and spaces. And energy. The narrative that renewables are cheaper because the sun is free is fast falling to pieces. Minister for Climate Change and Energy Chris Bowen still has that weird glint in his eye as he sends our energy security and affordability off a cliff. He either believes his own twaddle or he is surrounded by mindless sycophants who dare not tell him the truth. The precariousness of the energy sector in an energy-rich country like Australia is now so dire that gas is becoming fashionable again amongst the left as they have finally twigged that the lights go out without it. The discussion around nuclear continues to gain ground as people realise it is the only net-zero energy source stable enough to prevent sending our industry and living standards back to the dark ages. Then this week, the Australian Venues Co decided to ban the celebration of Australia Day in their pubs because January 26 apparently causes “sadness” and “hurt” for some staff and patrons. It’s their business, they can do what they want. But it appears, this pandering coterie from the lanyard class failed to take note of the backlash visited on Woolworths earlier in the year when it decided not to sell Australia Day paraphernalia in its stores. The revolt was immediate and harsh, including from Labor politicians who have eased up their attack on Australia Day since the Voice referendum tanked. And within hours, Australian Venues Co issued a grovelling apology claiming they didn’t intend to divide the community or offend anyone. The reality is they are just sorry they copped a bloody nose from an Australian public sick to the back teeth of being lectured to by corporate spivs genuflecting at the feet of each passing progressive fad. When will these people learn that there would be no need for a culture war if they would just stop undermining our culture? On a more practical level, if you are in the business of hospitality, perhaps it’s best not to alienate patrons who might want to go out for a cheerful bevy on a public holiday without a side serve of vacuous moralising. This idea could only have been dreamed up by some department of fluff which has never brushed passed a profit and loss statement - but the fact that it was approved suggests management doesn’t have its eye on core business. And lastly, isn’t it interesting to see the shift in the discussion around immigration in the West? Over the last decade it has been verboten to question immigration numbers and countries of origin for fear of being called a racist or xenophobe. But migration, particularly in the post-COVID era, has opened eyes and impacted social cohesion as infrastructure and culture both groan under the pressure of poorly conceived ‘open border’ policies. Government inflicted housing crises in many parts of the West has exposed incumbent governments as citizens unrepentantly question why immigration remains carelessly uncontained. Everyday people are angry and want answers. They feel left down. For years, sensible people have remained silent observers, watching the march of insidious progressive ideology, for fear of being called cruel names and getting cancelled. But it appears the penny has dropped. And if you want to retain your living standards, your culture and the freedoms that come with it, you must be prepared to fight for it. The backlash against government overreach and corporate hectoring and each victory for common sense, helps to turn the tide. As progressivism becomes increasingly insane, the fear of being cancelled recedes. And as we continue retake sensible ground, though the path may not be linear, the world will continue to heal. Caroline Di Russo is a lawyer with 15 years of experience specialising in commercial litigation and corporate insolvency and since February 2023 has been the Liberal Party President in Western Australia