Palo Alto Networks Set to S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600

S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Tuesday, June 20 to coincide with the quarterly rebalance. The U.S. equity markets will be closed on Monday, June 19 in observance of the Juneteenth holiday. The changes ensure each index is more representative of its market capitalization range. All companies moving to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies moving to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from the S&P SmallCap 600 are no longer representative of the small-cap market space.

  • Palo Alto Networks Inc. (NASD:PANW) will replace DISH Network Corp. (NASD:DISH) in the S&P 500, and DISH Network will replace Cutera Inc. (NASD:CUTR) in the S&P SmallCap 600.
  • Doximity Inc. (NYSE:DOCS), Berry Global Group Inc. (NYSE:BERY), BWX Technologies Inc.DISH (NYSE:BWXT), Planet Fitness Inc. (NYSE:PLNT), Crown Holdings Inc. (NYSE:CCK), Dropbox Inc. (NASD:DBX), Graphic Packaging Holding Co. (NYSE:GPK), Ovintiv Inc. (NYSE:OVV), ZoomInfo Technologies Inc. (NASD:ZI) and WESCO Intl Inc. (NYSE:WCC) will replace Dana Inc. (NYSE:DAN), John Wiley & Sons Inc. (NYSE:WLY), Sunpower Corp. (NASD:SPWR), Ingevity Corp. (NYSE:NGVT), Fulton Financial Corp. (PA) (NASD:FULT), Douglas Emmett (NYSE:DEI), Victoria's Secret & Co. (NYSE:VSCO), Macerich Co. (NYSE:MAC), SiTime Corp. (NASD:SITM), and Navient Corp. (NASD:NAVI) respectively in the S&P MidCap 400. All constituents being removed from the S&P MidCap 400 will be added to the S&P SmallCap 600 replacing PetMed Express Inc. (NASD:PETS), Comtech Telecommunications Corp. (NASD:CMTL), Eagle Pharmaceuticals Inc. (NASD:EGRX), Children's Place Inc. (NASD:PLCE), Rayonier Advanced Materials Inc (NYSE:RYAM), LivePerson Inc. (NASD:LPSN), Gannett Co Inc. (NYSE:GCI), DMC Global Inc. (NASD:BOOM), Genesco Inc. (NYSE:GCO), and Zumiez (NASD:ZUMZ) respectively.
  • Artisan Partners Asset Management Inc. (NYSE:APAM), California Resources Corp. (NYSE:CRC), CarGurus Inc. (NASD:CARG), Moelis & Co. (NYSE:MC), Phillips Edison & Company Inc. (NASD:PECO), Schrodinger Inc. (NASD:SDGR), and UFP Technologies Inc. (NASD:UFPT) will replace LendingTree Inc. (NASD:TREE), Tredegar Corp. (NYSE:TG), Inogen Inc. (NASD:INGN), Douglas Elliman Inc. (NYSE:DOUG), FARO Technologies Inc. (NASD:FARO), Cara Therapeutics Inc. (NASD:CARA) and Big Lots Inc. (NYSE:BIG) in the S&P SmallCap 600.

Following is a summary of the changes that will take place prior to the open of trading on the effective date:

Effective Date

Index Name

Action

Company Name

Ticker

GICS Sector

June 19, 2023

S&P 500

Addition

Palo Alto Networks

PANW

Information Technology


S&P 500

Deletion

DISH Network

DISH

Communication Services

June 19, 2023

S&P MidCap 400

Addition

Berry Global Group

BERY

Materials


S&P MidCap 400

Addition

BWX Technologies

BWXT

Industrials


S&P MidCap 400

Addition

Crown Holdings

CCK

Materials


S&P MidCap 400

Addition

Doximity

DOCS

Health Care


S&P MidCap 400

Addition

Dropbox

DBX

Information Technology


S&P MidCap 400

Addition

Graphic Packaging Holding

GPK

Materials


S&P MidCap 400

Addition

Ovintiv

OVV

Energy


S&P MidCap 400

Addition

Planet Fitness

PLNT

Consumer Discretionary


S&P MidCap 400

Addition

WESCO Intl

WCC

Industrials


S&P MidCap 400

Addition

ZoomInfo Technologies

ZI

Communication Services


S&P MidCap 400

Deletion

Dana

DAN

Consumer Discretionary


S&P MidCap 400

Deletion

Douglas Emmett

DEI

Real Estate


S&P MidCap 400

Deletion

Fulton Financial (PA)

FULT

Financials


S&P MidCap 400

Deletion

Ingevity

NGVT

Materials


S&P MidCap 400

Deletion

John Wiley & Sons

WLY

Communication Services


S&P MidCap 400

Deletion

Macerich

MAC

Real Estate


S&P MidCap 400

Deletion

Navient

NAVI

Financials


S&P MidCap 400

Deletion

SiTime

SITM

Information Technology


S&P MidCap 400

Deletion

Sunpower

SPWR

Industrials


S&P MidCap 400

Deletion

Victoria's Secret & Co

VSCO

Consumer Discretionary

June 19, 2023

S&P SmallCap 600

Addition

Artisan Partners Asset Mgt

APAM

Financials


S&P SmallCap 600

Addition

California Resources

CRC

Energy


S&P SmallCap 600

Addition

CarGurus

CARG

Communication Services


S&P SmallCap 600

Addition

Dana

DAN

Consumer Discretionary


S&P SmallCap 600

Addition

DISH Network

DISH

Communication Services


S&P SmallCap 600

Addition

Douglas Emmett

DEI

Real Estate


S&P SmallCap 600

Addition

Fulton Financial (PA)

FULT

Financials


S&P SmallCap 600

Addition

Ingevity

NGVT

Materials


S&P SmallCap 600

Addition

John Wiley & Sons

WLY

Communication Services


S&P SmallCap 600

Addition

Macerich

MAC

Real Estate


S&P SmallCap 600

Addition

Moelis & Co

MC

Financials


S&P SmallCap 600

Addition

Navient

NAVI

Financials


S&P SmallCap 600

Addition

Phillips Edison & Co

PECO

Real Estate


S&P SmallCap 600

Addition

Schrodinger

SDGR

Health Care


S&P SmallCap 600

Addition

SiTime Corp

SITM

Information Technology


S&P SmallCap 600

Addition

Sunpower Corp

SPWR

Industrials


S&P SmallCap 600

Addition

UFP Technologies

UFPT

Health Care


S&P SmallCap 600

Addition

Victoria's Secret & Co

VSCO

Consumer Discretionary


S&P SmallCap 600

Deletion

Big Lots

BIG

Consumer Discretionary


S&P SmallCap 600

Deletion

Cara Therapeutics

CARA

Health Care


S&P SmallCap 600

Deletion

Children's Place

PLCE

Consumer Discretionary


S&P SmallCap 600

Deletion

Comtech Telecommunications

CMTL

Information Technology


S&P SmallCap 600

Deletion

Cutera

CUTR

Health Care


S&P SmallCap 600

Deletion

DMC Global

BOOM

Energy


S&P SmallCap 600

Deletion

Douglas Elliman

DOUG

Real Estate


S&P SmallCap 600

Deletion

Eagle Pharmaceuticals

EGRX

Health Care


S&P SmallCap 600

Deletion

FARO Technologies

FARO

Information Technology


S&P SmallCap 600

Deletion

Gannett Co

GCI

Communication Services


S&P SmallCap 600

Deletion

Genesco

GCO

Consumer Discretionary


S&P SmallCap 600

Deletion

Inogen

INGN

Health Care


S&P SmallCap 600

Deletion

LendingTree

TREE

Financials


S&P SmallCap 600

Deletion

LivePerson

LPSN

Information Technology


S&P SmallCap 600

Deletion

PetMed Express

PETS

Consumer Discretionary


S&P SmallCap 600

Deletion

Rayonier Advanced Materials

RYAM

Materials


S&P SmallCap 600

Deletion

Tredegar

TG

Materials


S&P SmallCap 600

Deletion

Zumiez

ZUMZ

Consumer Discretionary

For more information about S&P Dow Jones Indices, please visit www.spdji.com

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com .

FOR MORE INFORMATION:

S&P Dow Jones Indices
index_services@spglobal.com

Media Inquiries
spdji.comms@spglobal.com

Cision View original content: https://www.prnewswire.com/news-releases/palo-alto-networks-set-to-sp-500-others-to-join-sp-midcap-400-and-sp-smallcap-600-301841701.html

SOURCE S&P Dow Jones Indices

News Provided by PR Newswire via QuoteMedia

OVV
The Conversation (0)

Ovintiv Announces Closing of Midland and Bakken Transactions & Inclusion in S&P 400 Index

Company Updates 2023 Guidance for Early Close

 Ovintiv Inc. (NYSE: OVV) (TSX: OVV) ("Ovintiv" or the "Company") today closed the previously announced acquisition of core Midland Basin assets, adding approximately 1,050 net 10,000 foot well locations and approximately 65,000 net acres of largely undeveloped land adjacent to Ovintiv's existing Permian operations. The Company has acquired substantially all the leasehold interest and related assets of Black Swan Oil & Gas, PetroLegacy Energy and Piedra Resources, which are portfolio companies of funds managed by EnCap Investments L.P. ("EnCap"), in a cash and stock transaction valued at $4.275 billion .

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Ovintiv Prices Offering of Senior Notes

Ovintiv Prices Offering of Senior Notes

Ovintiv Inc. (NYSE: OVV) (TSX: OVV) (the "Company") today announced that it has priced an offering (the "Notes Offering") of $600,000,000 in aggregate principal amount of 5.650% senior notes due 2025 (the "2025 Notes"), $700,000,000 in aggregate principal amount of 5.650% senior notes due 2028 (the "2028 Notes"), $600,000,000 in aggregate principal amount of 6.250% senior notes due 2033 (the "2033 Notes") and $400,000,000 in aggregate principal amount of 7.100% senior notes due 2053 (the "2053 Notes", and together with the 2025 Notes, the 2028 Notes and the 2033 Notes, the "Notes"). The price to the public for the Notes is 99.994% of the principal amount for the 2025 Notes, 99.973% of the principal amount for the 2028 Notes, 99.793% of the principal amount for the 2033 Notes and 99.796% of the principal amount for the 2053 Notes.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Ovintiv Announces Release of 2022 Sustainability Report

Ovintiv Announces Release of 2022 Sustainability Report

 Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today released its 2022 Sustainability Report, highlighting its progress and performance on several key sustainability initiatives related to emissions reductions, social responsibility and corporate governance.

"Ovintiv continues to drive real and measurable environment, social and governance progress," said Ovintiv President and CEO Brendan McCracken . "We strive to be a leader in disclosure, having published a sustainability report and key performance metrics data since 2005. Our results demonstrate our commitment to continuous improvement and the power of harnessing technology and our culture of innovation to drive strong performance outcomes. We are whole-heartedly proud to produce the safe, affordable, secure, and reliable energy the world needs, both profitably and sustainably."

Key highlights of Ovintiv's 2022 sustainability achievements:

  • Achieved a greater than 30% reduction in Scope 1 & 2 greenhouse gas emissions intensity since 2019; progressing toward a targeted 50% reduction by 2030
  • Continued full alignment with the World Bank Zero Routine Flaring Initiative
  • Implemented industry-leading family leave policy
  • Progressed Board renewal efforts with the addition of one new Board member
  • Introduced a second safety metric to the Company's compensation program
  • Committed to disclose extensive gender equality information, leading to the Company's inaugural inclusion in the Bloomberg Gender Equality Index

Ovintiv recently announced an acquisition that will see the Company roughly double both its oil production and its premium inventory in the Permian Basin. The transaction is expected to be accretive across a number of key financial metrics and inventory life while maintaining the Company's investment grade balance sheet. While Ovintiv anticipates a brief period of integration of the new assets, the Company remains committed to its Scope 1 & 2 emissions reduction target.

Ovintiv's sustainability report can be found on the Company's website at https://sustainability.ovintiv.com/

ADVISORY REGARDING FORWARD-LOOKING STATEMENTS – This news release contains certain forward-looking statements or information (collectively, FLS) within the meaning of applicable securities legislation, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements that relate to the anticipated future activities or expectations of the Company are FLS. FLS in this news release include, but are not limited to: expectations of plans, strategies and objectives of the Company, including planned ESG initiatives; the anticipated success of, and benefits from, technology and innovation; the ability of the Company to meet and maintain certain targets, including with respect to emissions-related and ESG performance. FLS involve certain assumptions and are subject to both known and unknown risks and uncertainties, many of which are beyond our control. These assumptions include: the assumptions contained herein; data contained in key modeling statistics; and expectations and projections made in light of the Company's historical experience. Risks and uncertainties include: our ability to generate sufficient cash flow to meet obligations; commodity price volatility; uncertainties, costs, and risks involved in our operations, including hazards and risks incidental to the drilling, completion, production and transportation of oil, natural gas and natural gas liquids; ability to secure adequate transportation and storage for oil, natural gas and natural gas liquids; potential curtailments of gathering, transportation or refining operations, including resulting storage constraints or widening price differentials; business interruption, property and casualty losses or unexpected technical difficulties; counterparty and credit risk; impact of changes in credit rating and access to liquidity, including costs thereof; risks in marketing operations; risks associated with technology; risks associated with lawsuits, governmental regulations and regulatory actions, including disputes with partners and our ability to timely obtain environmental or other necessary permits; our ability to acquire or find additional reserves; imprecision of reserves estimates and estimates of recoverable quantities; and other risks and uncertainties as described in the Company's Annual Report on Form 10- K, Quarterly Report on Form 10-Q and as described from time to time in its other periodic filings as filed on EDGAR and SEDAR. The above assumptions, risks and uncertainties are not exhaustive. Actual future results may vary materially and adversely from those expressed or implied in our FLS and such statements may not occur. Although the Company believes such FLS are reasonable, FLS should be understood to be only predictions and statements of our current beliefs; they are not guarantees of performance. FLS are made as of the date hereof and, except as required by law, the Company undertakes no obligation to update or revise any FLS.

Further information on Ovintiv Inc. is available at www.ovintiv.com , or by contacting:

Investor contact: (888) 525-0304
investor.relations@ovintiv.com

Media contact: (403) 645-2252

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/ovintiv-announces-release-of-2022-sustainability-report-301822206.html

SOURCE Ovintiv Inc.

Cision View original content to download multimedia: https://www.newswire.ca/en/releases/archive/May2023/11/c9376.html

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Ovintiv Announces Results of Annual Meeting

Ovintiv Announces Results of Annual Meeting

Ovintiv Inc. (NYSE: OVV) (TSX: OVV) (the "Company") today announced that the following matters, as further described in the Company's Proxy Statement filed on March 23, 2023 (the "Proxy Statement"), were voted upon at its 2023 Annual Meeting of Shareholders held on May 3, 2023 .

Election of Director Nominees Listed in the Proxy Statement

Each director nominee listed in the Proxy Statement was elected as a director of the Company.  The results of the vote by ballot were as follows:


Shares For

Shares Against

Abstain

Broker Non-vote

Peter A. Dea

168,404,785

5,047,161

130,316

19,755,443

Meg A. Gentle

169,689,545

3,737,410

155,307

19,755,443

Ralph Izzo

171,659,752

1,696,254

226,256

19,755,443

Howard J. Mayson

170,339,842

3,107,225

135,195

19,755,443

Brendan M. McCracken

172,605,556

825,099

151,607

19,755,443

Lee A. McIntire

166,563,086

6,842,816

176,360

19,755,443

Katherine L. Minyard

171,973,771

1,444,588

163,903

19,755,443

Steven W. Nance

172,011,222

1,397,006

174,034

19,755,443

Suzanne P. Nimocks

157,900,679

15,424,515

257,068

19,755,443

George L. Pita

172,022,482

1,389,605

170,175

19,755,443

Thomas G. Ricks

165,904,949

7,505,652

171,661

19,755,443

Brian G. Shaw

170,658,576

2,792,006

131,680

19,755,443


Advisory Vote to Approve Compensation of Named Executive Officers

The results of the non-binding advisory vote for the compensation of the Company's named executive officers were as follows:

Shares For

Shares Against

Abstain

Broker Non- vote

167,308,173

5,820,963

453,126

19,755,443


Advisory Vote on Frequency of Future Advisory Votes to Approve Compensation of Named Executive Officers

The results of the non-binding advisory vote on the frequency of future advisory votes to approve the compensation of named executive officers, were as follows:

One-Year

Two-Years

Three-Years

Abstain

Broker Non-vote

170,568,567

127,026

2,498,008

388,661

19,755,443


Ratification of PricewaterhouseCoopers LLP as Independent Auditors

The results for the ratification of PricewaterhouseCoopers LLP, Chartered Accountants, as the Company's independent auditors were as follows:

Shares For

Shares Against

Abstain

Broker Non-vote

186,757,581

6,435,087

145,037

0

Further information on Ovintiv Inc. is available on the Company's website, www.ovintiv.com , or by contacting:

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/ovintiv-announces-results-of-annual-meeting-301818635.html

SOURCE Ovintiv Inc.

Cision View original content to download multimedia: https://www.newswire.ca/en/releases/archive/May2023/08/c3605.html

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Helium molecules and Canada flag.

Helium Stocks: 5 Biggest Canadian Companies in 2025

Demand for helium is rising alongside the semiconductor, healthcare and nuclear energy sectors.

Produced from natural gas wells, helium is an odorless, colorless, non-toxic, non-combustible and non-corrosive gas. While it may bring to mind birthday balloons, the element is an important industrial gas due to its cooling properties.

Helium has several critical applications across various industries witnessing market growth, including the manufacturing of semiconductors and electronics, medical imaging and nuclear power generation.

Keep reading...Show less
Provaris

RaaS Research Sees Major Upside for Provaris’ Hydrogen Play

Description:

Provaris Energy’s (ASX:PV1,OTC:GBBLF) innovative hydrogen storage technology presents a compelling investment opportunity leveraging the global transition to low-carbon energy, a recent analyst report from RaaS Research Group said.

Provaris’ ‘storage tank’ IP enables greater volumes of compressed gases to be transported at lower cost, underpinning a fundamental change in the economics of the hydrogen supply chain, according to the report.

Keep reading...Show less
Westport Announces Closing of Previously Announced Light-Duty Segment Divestiture

Westport Announces Closing of Previously Announced Light-Duty Segment Divestiture

Westport Fuel Systems Inc. ("Westport" or the "Company") (TSX:WPRT Nasdaq:WPRT), today announced the successful closing of the previously announced transaction to divest its Light-Duty Segment and outlines its strategic vision for future growth, emphasizing expansion of market share, entering new markets and right sizing its current operations.

Today, Westport closed the sale of the Light-Duty Segment to a wholly-owned investment vehicle of Heliaca Investments Coöperatief U.A. ("Heliaca Investments"), a Netherlands based investment firm supported by Ramphastos Investments Management B.V., a prominent Dutch venture capital and private equity firm (the "Transaction"). The Transaction, initially announced on March 31, 2025, includes the sale of Westport Fuel Systems Italia S.r.l., encompassing the Light-Duty OEM, delayed OEM, and independent aftermarket businesses. Total consideration for the assets was a base price of approximately $79.5 million (€67.7 million), subject to certain adjustments, along with potential earnouts of up to a revised estimate of $3.9 million (€3.3 million) based on future performance milestones.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
BPH Energy Limited  Quarterly Activities Report

BPH Energy Limited Quarterly Activities Report

Perth, Australia (ABN Newswire) - Significant activities by the BPH Energy Limited (ASX:BPH) investees during the June 2025 quarter were as follows:

Advent Energy Limited ("Advent") (BPH 35.8% direct interest) PEP-11 Permit

Advent Energy Limited's100% subsidiary Asset Energy Pty Ltd ("Asset") is a participant in the PEP11 Joint Venture with partner Bounty Oil and Gas NL (ASX: BUY). PEP-11 interests are:

Advent Energy 85 % / Bounty Oil and Gas 15%

On 17 January 2025 the PEP-11 Joint Venture was given notice by NOPTA that the Joint Authority has refused the Joint Venture Applications made on 23 January 2020 and 17 March 2021 and that the PEP-11 permit would continue in force for a period of 2 months from 17 January 2025 (the "Decision").

On 12 February 2025 BPH announced that Asset had applied to the Federal Court for an Originating Application (the "Application") for judicial review pursuant to s 5 of the Administrative Decisions (Judicial Review) Act 1977 (Cth) and s 39B of the Judiciary Act 1903 (Cth) to review the Decision. The Application seeks:

1. An order quashing or setting aside the Decision;

2. A declaration that the Decision is void and of no effect; and

3. An order remitting the First Application and Second Application to the Joint Authority for reconsideration according to law.

On 17 March 2025 the Federal Court made orders by consent further set out in the Company's March 2025 Quarterly Report .

The parties have complied with all programing orders and the matter is now listed for hearing on the 16th and 17th September 2025.

There were no further developments during the June 2025 quarter.

PEP-11 continues in force and the Joint Venture is in compliance with the contractual terms of PEP11 with respect to such matters as reporting, payment of rents and the various provisions of the Offshore Petroleum and Greenhouse Gas Storage Act 2006 (Cth).

Cortical Dynamics Limited (Cortical) (BPH 16.4% direct interest)

Technical completion of Cortical's next-generation AI enhanced brain and pain monitoring BARM 2.0 is expected over the next months.

BARM 2.0 is the only solution that unifies hypnotic depth and pain response monitoring, combining EEG with AI in one system, giving clinicians real-time control over anesthesia, and hospitals a smarter, more scalable way to achieve better patient outcomes both during and after surgery.

Post technical completion BARM 2.0 clinical trials are scheduled in the USA and Netherland to be followed by submissions to regulatory authorities worldwide as soon as possible.

Cortical Dynamics was invited to showcase BARM 2.0 at the Australia Regulatory Device Summit 2025, that took place on the 17-18 July at ICC. In attendance were key stakeholders including the US FDA , Therapeutic Goods Administration (TGA) and international regulators from ANVISA (Brazil), HSA (Singapore), and PMDA (Japan). This was a unique chance for Cortical to connect directly with the regulatory community and major global players in medical technology.

Cortical has been selected to exhibit BARM 2.0 at the Medtech on the Hill at Parliament House event in Canberra 27-28 August 22025 organised by Medical Technology Association of Australia (MTAA). In attendance will be Ministers, MPs, Senators, and industry leaders for an evening networking event in Mural Hall, Parliament House. The Showcase brings together a dynamic crosssection of MTAA member companies across therapeutic areas -from Australian startups to global MedTech leaders-offering hands-on demonstrations through a curated patient journey from prevention to management, and the chance to connect directly with the people and companies driving healthcare innovation forward, as well as patients.

MTAA is the peak association representing companies in the medical technology industry. MTAA aims to ensure the benefits of modern, innovative and reliable medical technology are delivered effectively to provide better health outcomes to the Australian community.

Work continues on the development of CORDYAN(TM) which is Cortical Dynamic's new AI focussed predictive App initiative. Utilising proprietary state of the art AI and deep learning expertise Cortical Dynamics is developing game changing medical Apps that can be used in association with BARM 2.0 or standalone and /or be integrated into leading OEM healthcare systems and EMR (electronic medical records).

CORDYAN(TM)'s development has been facilitated by matched grants from MTPConnect, Australia's premier MedTech governmental organisation and ARM-hub a federal government initiative to accelerate AI related technologies in areas of strategic importance.

Clean Hydrogen Technologies (CHT) (BPH 16.2% direct interest)

As of mid-2024 CHT has developed its engineering and catalyst capabilities to a stage where it has proven consistently in its pilot plant in Nashik, India to produce its 2 products; turquoise hydrogen and a carbon composite made from majority CNT (carbon nanotubes) and CNF (carbon nanofibres), where its core process has not CO2 emissions and its feedstock is the hydrocarbons from natural gas . The next stage is to build production facilities in the USA and India, both being highly industrial markets with demand for CHT's products.

As such since mid-2024 CHT has been designing its production facility for India initially which will produce at the end of its Stage 1 build will produce 820 tonnes of hydrogen and 2,462 tonnes of carbon composite. CHT plans to sell it products to the many industrial users in the State of Maharashtra India, home of its planned production site, and likely Louisiana, USA, with several site options identified.

Before finalising production needs and CHT has been going through the ASME (required for operation in USA) and IS2825 (required for operation in India) review of its engineering designs where this process is almost complete.

CHT is now looking to source the funding required to build its plants in the USA and India where within 3-4 months of minimal funding of US$2.5m it will start producing income, initially in India and then the USA, its primary market.

*To view the full Quarterly Report, please visit:
https://abnnewswire.net/lnk/0072553O



About BPH Energy Limited:

BPH Energy Limited (ASX:BPH) is an Australian Securities Exchange listed company developing biomedical research and technologies within Australian Universities and Hospital Institutes.

The company provides early stage funding, project management and commercialisation strategies for a direct collaboration, a spin out company or to secure a license.

BPH provides funding for commercial strategies for proof of concept, research and product development, whilst the institutional partner provides infrastructure and the core scientific expertise.

BPH currently partners with several academic institutions including The Harry Perkins Institute for Medical Research and Swinburne University of Technology (SUT).



Source:
BPH Energy Limited

News Provided by ABN Newswire via QuoteMedia

Keep reading...Show less
Quarterly Activities/Appendix 4C Cash Flow Report

Quarterly Activities/Appendix 4C Cash Flow Report

BPH Energy (BPH:AU) has announced Quarterly Activities/Appendix 4C Cash Flow Report

Download the PDF here.

Latest Press Releases

Related News

×