WILLIAMSBURG, Va. (AP) — Authorities say one boater remains missing after a boat carrying two men capsized in Virginia. News outlets cite a release from the Virginia Marine Resources Commission that says two men were sent into the York River on Tuesday afternoon near Croaker Landing. The men were able to yell for help, and […] Reported by Seattle Times 9 hours ago.

Volta Power Systems has partnered with Utilimaster, a go-to-market brand of Spartan Fleet Vehicles and Services, a business unit of Spartan Motors, Inc., to provide a complete lithium ion system for their full-line of fleet vehicles. Volta’s complete advanced energy systems solve anti-idling concerns by utilizing automotive grade lithium ion technology to produce auxiliary power in Utilimaster vehicles.

HOLLAND, Mich. (PRWEB) May 16, 2018

Volta Power Systems has partnered with Utilimaster, a go-to-market brand of Spartan Fleet Vehicles and Services, a business unit of Spartan Motors, Inc., to provide a complete lithium ion system for their full-line of fleet vehicles. Volta’s complete advanced energy systems solve anti-idling concerns by utilizing automotive grade lithium ion technology to produce auxiliary power in Utilimaster vehicles.

Utilimaster builds and upfits a variety of vehicles including walk-in vans, truck bodies, and cargo vans. Their vehicles serve customers in the parcel delivery, food and beverage, utility, linen and laundry, and retail markets.

“A Volta solution provides the right balance of advanced energy storage for the best cost and return,” said Jack Johnson, Co-Founder of Volta Power Systems. “Our systems can provide true job site idle elimination, saving fuel and depreciation of the vehicle while providing a better experience for the user and customer.”

The system creates a true idle mitigation solution for any jobsite or work vehicle without compromising performance and in most cases increasing performance over traditional solutions.

“We’re always looking for ways to make work more efficient for our fleet customers. The Volta system will provide our customers with greater flexibility, since Volta generator systems can be applied to any Utilimaster vehicle without adding specialized, vehicle-specific costs,” said Tom Ninneman, President, Spartan Fleet Vehicles and Services.

The system is controlled by a single button with an analog gauge to view available energy at a glance.

“We designed our system to be powerful enough to run almost any tool for an extended period of time,” said Bill Cavanagh, co-founder Volta Power Systems. “With a 58V compressor, end users can even run the vehicle air conditioning for hours without idling.”

The complete system includes an alternator, inverter, storage pack, A/C compressor, control system, and all necessary wiring.
-The energy storage pack is customizable for each application based on power needs ranging between 3kWh to over 100kWh.
-The Volta alternator is one of the strongest on the market and offers a range of 6,000W up to 22,000W.
-The Volta Pure Sine inverter allows 30 amps of power at all times.

Utilimaster recently exhibited their Ford Transit utility upfit, which featured the Volta system at NTEA’s The Work Truck Show, in March. They displayed the vehicle again at the NAFA Institute and Expo in Anaheim, CA, April 24-27.

About Volta Power Systems
Founded in 2014, Volta Power Systems provides safe, powerful and simple lithium ion energy storage solutions for small to mid-size businesses. RV, marine and specialty vehicle OEMs trust Volta to deliver leading-edge power systems that enhance the lifestyle, freedom and comfort of their end users.

For more information visit: https://voltapowersystems.com/ Reported by PRWeb 9 hours ago.

NEW YORK, May 16, 2018 (GLOBE NEWSWIRE) -- The Capital Link Analyst & Investor Day is a Posidonia Conference program event. Posidonia takes place in Greece every two years and is the largest maritime exhibition in the world with multiple activities taking place during the week.*FORUM OVERVIEW*

The Capital Link Analyst & Investor Day brings together public and private shipping company executives, investors, analysts, financiers, and other industry participants who visit Athens from all over the world for the Posidonia event. Attendees will exchange views with industry leaders on the shipping, financial and capital markets, alternative finance, private equity, investor attitudes towards shipping as well as the latest regulatory, technological, geopolitical and market developments affecting the industry.

The Forum features as panelists industry leaders from the Greek and global shipping communities, the Global Shipping Heads of major shipping banks, top investors and analysts.

There are sector roundtable discussions dedicated to the dry bulk, tanker, container, LPG and LNG sectors, as well as panel that discusses opportunities across all sectors. The Forum will also address issues of critical importance for shipping, such as access to and availability of capital, bank and alternative finance, the impact of technology and new regulations.

It is a highly exclusive event providing unique opportunity to exchange views and information and network.

*REGISTRATION:*
To view more information and register: http://forums.capitallink.com/shipping/2018analyst/index.html.

*KEYNOTE SPEAKER:*
*Mr. Kitak Lim*, Secretary General – *International Maritime Organization*

*PANEL DISCUSSION TOPICS:*

         
•    Dry Bulk Shipping   •    Tanker Shipping
•    Container Shipping   •    Capital Markets & Private Equity
•    Bank Finance   •    Industry Challenges & The Road Map Ahead
•    LNG/LPG Shipping   •    The Future of Shipping – Risks & Opportunities
         

*PANELS & PANELISTS:*

*THE FUTURE OF SHIPPING: *

*Moderator:
*Mrs. Sofia Kalomenides, Partner, Central & Southeast Europe Accounts, Business Development Leader & Capital Markets Leader – EY

*Panelists:*

· Mr. Evangelos Marinakis, Chairman - Capital Maritime & Trading Corp.
· Mr. George Economou, Founder & CEO –   DryShips; Chairman – Ocean Rig (Nasdaq:DRYS) (Nasdaq:ORIG)
· Mr. George Prokopiou, Chairman - Dynagas LNG Partners (NYSE:DLNG)
· Mr. Nicolas Busch, CEO, Navig8 Group 
· Mr. Petros Pappas, CEO, Star Bulk Carriers (Nasdaq:SBLK)

*INDUSTRY CHALLENGES & THE ROAD MAP AHEAD*

*Moderator:
*Mr. Ioannis Chiotopoulos, Regional Manager South East Europe & Middle East – DNV GL – Maritime

*Panelists:*

· Mr. Anastasios Panagiannopoulos, President – BIMCO; President, Common Progress Company Navigation
· Mr. Panos Laskaridis, President - European Community Shipowners Associations; CEO - Lavinia Corporation / Laskaridis Shipping Company Ltd.
· Mr. John Platsidakis, Chairman – Intercargo; Managing Director – Anangel Maritime Services, Inc.;
· Mr. Nikos Tsakos, Chairman –  Intertanko; President & CEO - Tsakos Energy Navigation (NYSE:TNP)

*TANKER SHIPPING*

*Moderator:
*Mr. Nick Brown, Marine & Offshore Director, Lloyd's Register

*Panelists:*

· Mr. Jerry Kalogiratos, CEO, Capital Product Partners (Nasdaq:CPLP)
· Mr. Vassilis Kertsikoff, Vice Chairman – Eletson Holdings
· Mr. Eddie Valentis, CEO - Pyxis Tankers
· Mr. Robert Burke, Partner & CEO - Ridgebury Tankers
· Mr. George Saroglou, COO - Tsakos Energy Navigation

*LNG / LPG SHIPPING*

*Moderator:
*Mr. Peder Nicolai Jarlsby, Analyst – Fearnley Securities

*Panelists:*

· Mr. Tony Lauritzen, CEO - Dynagas LNG Partners LP
· Mr. Paul Wogan, CEO – GasLog Ltd. (NYSE:GLOG)
· Mr. Stavros Hatzigrigoris, CEO, Maran Gas Maritime
· Mr. Harry Vafias, CEO – StealthGas (Nasdaq:GASS)
· Mr. Christos Economou, Founder – TMS Cardiff Gas

*CONTAINER SHIPPING*

*Moderator:
*Mr. Mark O’Neil, President & CEO - Columbia Marlow

*Panelists:*

· Mr. Nils Aden, CEO - E.R. Schiffahrt GmbH & Cie. KG
· Mr. Aristides Pittas, CEO – Euroseas Ltd.
· Mr. George Youroukos, CEO – Poseidon Containers
· Mr. Ted Petrone - Navios Group of Companies (NYSE:NMM)

*DRY BULK SHIPPING*

*Moderator:
*Mr. James Johnston, Senior Analyst, Braemar ACM Shipbroking

*Panelists:*

· Mr. John Dragnis, CEO - Goldenport
· Mr. John Michael Radziwill, CEO – Goodbulk
· Mr. Philippe Louis-Dreyfus, Chairman – Louis Dreyfus Armateurs S.A.S.; President - BIMCO
· Mr. Stamatis Tsantanis, CEO - Seanergy Maritime Holdings (Nasdaq:SHIP)
· Mr. Spyros Capralos, Chairman - Star Bulk Carriers

*BANK FINANCE*

*Moderator:
*Mr. Richard Brand, Partner - Cadwalader, Wickersham & Taft

*Panelists:*

· Mr. Harris Antoniou, CEO – Amsterdam Trade Bank N.V.
· Mr. Joep Gorgels, Global Head Transportation & Logistics Clients - ABN AMRO - Corporate & Institutional Banking
· Mr. Michael Parker, Global Industry Head for Shipping - Citi
· Mrs. Kristin H. Holth, Executive Vice President, Global Head of Ocean Industries –  l Energy – Maritime – Seafood - DNB Bank ASA
· Mr. Christian P. Nieswandt, Managing Director, Global Head Shipping - HSH Nordbank
· Mr. Tobias Zehnter, Global Head Ship Finance – NORD/LB 

*CAPITAL MARKETS & PRIVATE EQUITY*

*Moderator:
*Mr. Panos Katsambas, Partner, Reed Smith

*Panelists:*

· Mrs. Christa Volpicelli, Managing Director & Head of Maritime Investment Banking – Citi
· Mr. Theodore Jadick, Managing Director, CEO and President – DNB Markets, Inc.
· Mr. Rikard Vabo, Managing Director, Corporate Finance – Fearnley Securities
· Mr. Paulo Almeida, Portfolio Manager - Tufton Oceanic Ltd.
· Mr. Michael Weisz, President, Yield Street

Mr. Clay Maitland, Chairman - New York Maritime (NYMAR); Managing Partner - International Registries is the Conference Chairman.

*FORUM SPONSORS & MEDIA PARTNERS:*

*In Cooperation With:* NASDAQ • NYSE
*Global Lead Sponsors: *Tsakos Energy Navigation Ltd
*Global Gold Sponsors: *Clay Maitland • Columbia Shipmanagement • DNV GL • EY • Tototheo Maritime
*Global Sponsors:* ABN AMRO • Citi • DNB • Fearnley Securities • NORD/LB • Reed Smith
*Event Sponsors: *Amsterdam Trade Bank • Braemar ACM Shipbroking • Cadwalader, Wickersham & Taft LLP • HSH Nordbank • Lloyd’s Register • Tufton Oceanic Ltd. • Watson Farley & Williams • YieldStreet
*Supporting Sponsor: *Flott & Co.
*Luncheon Sponsor: *Bermuda Business Development Agency

*FOR** FURTHER INFORMATION & TO REGISTER*
 http://forums.capitallink.com/shipping/2018analyst/index.html

*ORGANIZER – CAPITAL LINK, INC.*

Founded in 1995, Capital Link is an advisory, investor relations and financial communications firm headquartered in New York and with presence in London, Oslo and Athens.
Capital Link, among other services, specializes in the organization of investment forums in New York, London, Athens, Shanghai, Singapore and Limassol which are known for combining rich informational and educational content with unique marketing and networking opportunities. Capital Link’s Investment Forums calendar for 2018-2019 can be found at http://forums.capitallink.com/Forum_Calendar.pdf.

*CONTACT*

Nicolas Bornozis
President
Capital Link, Inc.
New York +1 212-661-7566
London +44-203-206-1322
Athens +30-210-6109-800
E-mail: *forum@capitallink.com*

  Reported by GlobeNewswire 8 hours ago.

Growth in trade via the marine route and increase in demand for fuel-efficient systems are expected to propel the demand for marine propulsion systems market in the next few years.

Albany, New York, May 16, 2018 (GLOBE NEWSWIRE) -- The *global marine propulsion market* was valued at nearly US$ 12 Bn in 2017 and is anticipated to expand at a CAGR of more than 4.0% from 2018 to 2026, according to a new report titled *“Marine Propulsion Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017–2026*” by Transparency Market Research (TMR). The global shipping industry is highly dependent on marine vessels for inland/cross-border trade activities. Currently, more than 50% of operational marine fleet utilizes diesel-based propulsion systems. However, shift toward clean energy and hybrid solutions is expected to hamper the demand for diesel-based propulsion systems in the near future.

*Request A Sample Of Marine Propulsion Market: **https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=43946*

*Increase in demand for retrofit of existing marine fleets*

Retrofits activities relate to existing marine fleets that are outdated as per the current norms and regulations imposed by governments of various countries. This provides ample opportunities for the deployment of more efficient marine propulsion systems for voyage. Several countries in Europe are shifting toward the production of renewable energy. This has paved the way for the adoption of clean technology systems, such as marine hybrid/renewable propulsion systems, in the existing marine fleet. Interest in battery hybrid installations for new buildings and retrofits has increased significantly of late. The marine industry is increasingly investing in technologies that improve fuel efficiency, adhere to new environmental regulations, and help lower harmful emissions. Thus, retrofit of the existing marine fleet is anticipated to boost investments in the marine propulsion systems business.

*Stringent regulations related to marine fuel emissions and spillage*

Various maritime monitoring satellites also help detect oil spillage and excess carbon emissions from ferries, tugboats, OSVs, and defense vessels. Governments of the U.S. and Canada are strictly monitoring airborne emissions from ships and other vessel carriers in the ECAs. Several associations that actively monitor carbon emissions and oil spillage in the marine ecosystem include The U.S. National Oceanic and Atmospheric Association (NOAA) and The U.S. Department of the Interior’s Bureau of Ocean Energy Management (BOEM).

*View in-depth table of contents for this report @ **https://www.transparencymarketresearch.com/report-toc/43946*

*Diesel propulsion dominates the global marine propulsion market; however, its share is expected to decline*

In terms of propulsion type, the diesel segment dominated the global marine propulsion market with around 50% market share in 2017. However, demand for alternate propulsion solutions such as renewable and hybrid based propulsion systems is anticipated to rise during the forecast period. Growth in renewable and hybrid propulsion systems is ascribed to the increase in concerns of efficient systems coupled with implementation of stringent governmental regulations related to marine fuel emission and oil spillage. Marine hybrid and renewable fuel (solar & wind) based propulsion systems are gaining momentum, as developed and developing countries are beginning to shift from high carbon emission based systems to low or carbon-emission free systems.

*Request For Multiple Chapters on Marine Propulsion Market Research: **https://www.transparencymarketresearch.com/sample/sample.php?flag=MC&rep_id=43946*

*Marine vessels operating in coastal waterways remain dominant compared to vessels operating in inland waterways*

Coastal/cross-border waterways are vessels operating in oceans. They are widely utilized for cross-border seaborne trade activities. Based on transport, the coastal/cross-border segment dominated the global marine propulsion market in 2017. This trend is anticipated to continue during the forecast period. Marine vessels operating in the coastal waters are utilized for seaborne trade activities.

*Countries in Asia Pacific, especially China, to lead marine propulsion market*

Registered fleets operating in coastal waters in Asia Pacific are high in numbers and dead weight tons (DWT) compared to that in other regions. Asia Pacific held major share of the global marine propulsion market in 2017. The registered marine fleet stood at more than 4,500 in China in 2016. Majority of these vessels use diesel based marine propulsion systems for voyage. However, the country’s shift toward cleaner energy is estimated to drive the demand for hybrid marine propulsion engines in the near future. Singapore and Indonesia are the key nations for marine transport in ASEAN in Asia Pacific. Singapore is known as an established center for ship repair in Asia Pacific. Over the years, the country has become a strategic center for maritime business. This is projected to boost the demand for marine propulsion systems in Singapore in the near future.

*Ask for Discount on Premium Research Report (US$ 5795) With Complete TOC: **https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=42878*

*Highly competitive market with domination of top players*

The global marine propulsion market is a highly competitive. Leading players dominate the market. In terms of market share, MAN Diesel & Turbo SE dominated the marine propulsion market followed by Caterpillar Inc. in 2017. Other players operating in the market include Cummins Inc., AB Volvo Penta, BAE Systems, Wärtsilä Corporation, Rolls Royce Plc., Niigata Power Systems Co., Ltd., Fairbanks Morse Engine, Masson-Marine S.A.S., GE, STEYR MOTORS GmbH, and Torqeedo GmbH.

*Marine Propulsion Market, by Propulsion Type*

· Full Electric
· Diesel
· Renewable
· Nuclear
· Gas turbine
· Fuel Cell
· Hybrid
· Others

*Marine Propulsion Market, by Transport*

· Inland Waterways

· Passenger Ships
· Goods Transport Ships
· Fishing Boats
· Pleasure Boats/Water Sports
· Others

· Coastal/Cross-border Waterways

· Offshore Vessels

· Offshore Support Vessels
· Offshore Construction Vessels
· Oil Exploration and Drilling Vessels
· Offshore Production Vessels

· Fishing Vessels
· Ferries
· Tugboats
· Cruise
· Cargo Ships
· Defense Vessels
· Others

*Marine Propulsion Market, by Power Rating*

· 0-300 kW
· 301-500 kW
· 501-800 kW
· Above 801 kW

*Marine Propulsion Market, by RPM*

· 0-1000 rpm
· 1001-2500 rpm
· Above 2500 rpm

*Popular Research Reports by TMR:*

· *Produced Water Treatment Systems Market: **https://www.transparencymarketresearch.com/produced-water-treatment-market.html*
· *Microturbines Market: **https://www.transparencymarketresearch.com/microturbines-market.html*

*About Us*

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

*Contact Us*

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Transparency Market Research
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Research Blog: http://www.editiontruth.com/ Reported by GlobeNewswire 8 hours ago.

CBS unveiled its Fall 2018 TV schedule early Wednesday morning, which is packed with premieres for the Eye’s newly-ordered revivals and reboots, like “Murphy Brown” and “Magnum P.I.,” and longtime network hits, like “NCIS,” “Big Bang Theory” and “Young Sheldon.”

While the new iteration of the ’80s detective drama is landing a Monday time slot, the return of Candice Bergen’s ’90s sitcom grabbed a spot on Thursday’s primetime block behind “Mom.”

Ahead of the Jay Hernandez-led “Magnum P.I.,” are new comedies “The Neighborhood” and “Happy Together” airing between 8-9 p.m. “Magnum” will drive in at 9 p.m. and be followed by “Bull,” moving over from its old spot on the following weeknight.

*Also Read:* Fall TV 2018: Every Broadcast Show Canceled, Renewed and Ordered So Far (Updating)

Now taking over Tuesdays is Dick Wolf-backed “FBI” will hit on Tuesdays at 9, to get a huge lead-in from “NCIS” at 8 and be followed by its spinoff “NCIS: New Orleans” at 10.

“Survivor,” “SEAL Team,” and “Criminal Minds” will keep Wednesdays sticking to the status quo.

Thursdays will also be similar to the 2017-18 slate, with the exception of “Murphy” at 9:30, which will follow sitcoms “The Big Bang Theory,” “Young Sheldon” and “Mom.” “SWAT”s Season 2 will follow the revival.

*Also Read:* CBS Exec on 'Murphy Brown' Reboot Ratings: 'I'm Not Sure We'll Get 'Roseanne' Numbers'

Friday and Saturday’s primetime blocks are untouched, with Sundays seeing the addition of freshman drama “God Friended Me” at 8.

Newly-ordered series “Fam,” “The Red Line,” “The Code” and the Untitled Damon Wayans, Jr. Project do not yet have premiere dates.

Here’s CBS’ full fall schedule:

*MONDAY*

8-8:30 P.M. — “THE NEIGHBORHOOD”

8:30-9 P.M. — “HAPPY TOGETHER”

9-10 P.M. — “MAGNUM P.I.”

10-11 P.M. — “Bull”

*TUESDAY*

8-9 P.M. — “NCIS”

9-10 P.M. — “FBI”

10-11 P.M. — “NCIS: New Orleans”

*WEDNESDAY*

8-9 P.M. — “Survivor”

9-10 P.M. — “SEAL Team”

10-11 P.M. — “Criminal Minds”

*THURSDAY*

8-8:30 P.M. — “The Big Bang Theory”

8:30-9 P.M. — “Young Sheldon”

9-9:30 P.M. — “Mom”

9:30-10 P.M. — “MURPHY BROWN”

10-11 P.M. — “S.W.A.T.”

*FRIDAY*

8-9 P.M. — “Macgyver”

9-10 P.M. — “Hawaii Five-0”

10-11 P.M. — “Blue Bloods”

*SATURDAY*

8-9 P.M. — “Crimetime Saturday”

9-10 P.M. — “Crimetime Saturday”

10-11 P.M. — “48 Hours”

*SUNDAY*

7-8 P.M. — “60 Minutes”

8-9 P.M. — “GOD FRIENDED ME”

9-10 P.M. — “NCIS: Los Angeles”

10-11 PM — “Madam Secretary”

*Also Read:* Max Greenfield to Replace Josh Lawson in CBS' 'The Neighborhood' Recasting

And here are all the official descriptions for Fox’s new series, with each in the network’s own words:

*“F.B.I.”*
Explores the inner-workings of the New York office of the Federal Bureau of Investigation.

The cast includes Missy Peregrym, Jeremy Sisto, Zeeko Zaki, Connie Nielsen and Ebonee Noel.

Craig Turk will write and executive produce. Niels Arden Oplev will direct and executive produce. Dick Wolf, Arthur W. Forney and Peter Jankowski are also executive producers. “F.B.I.” is produced by Universal Television and CBS Television Studios.

*“Murphy Brown”*
In a revival of the 1988 sitcom, Murphy Brown (Candice Bergen) returns to a world of cable news, social media, fake news and a very different political and cultural climate.

The cast includes Candice Bergen, Faith Ford, Joe Regalbuto, Grant Shaud, Jake McDorman and Nik Dodani

Original series creator Diane English will write and executive produce. Pam Fryman will direct and executive produce. Bergen also executive produces. “Murphy Brown” is produced by Warner Bros. Television and Bend in the Road Productions.

*Also Read:* Why CBS Killed the Comma for Its 'Magnum PI' Reboot

*Untitled Damon Wayans, Jr. Project*
A 30-something couple, tired of their mundane life, start to reconnect with their younger, cooler selves when a young pop star who is drawn to their super normal suburban life, moves in.

The cast includes Damon Wayans, Jr., Amber Stevens West, Felix Mallard, Stephnie Weir and Chris Parnell.

Tim McAuliffe and Austen Earl penned the script for the series, which hails from CBS TV Studios. They will both executive produce along with Harry Styles, Ben Winston via Fulwell 73 and 3 Arts Entertainment’s Michael Rotenberg and Jonathan Berry. Phill Lewis directed the pilot.

From CBS Studio:
“The series is inspired by a time when Executive Producers Ben Winston and Harry Styles lived together. However, that’s where the reality ends.  The show is not based on real life experiences or characters.”

*“The Neighborhood”*
The nicest guy in the Midwest moves his family into a tough neighborhood in L.A. where not everyone appreciates his extreme neighborliness.

The cast includes Cedric The Entertainer, Max Greenfield (recast for Josh Lawson), Sheaun McKinney, Tichina Arnold, Dreama Walker, Marcel Spears and Hank Greenspan.

Jim Reynolds will write and executive produce the CBS Television Studios series. Aaron Kaplan, Dana Honor, and Wendi Trilling are also executive produce, along with Cedric and Eric Rhone under their A Bird and A Bear Entertainment banner. James Burrows is directing and grabbing an EP credit as well.

*Also Read:* Inside CBS CEO Les Moonves' 'Nuclear Option' Court Battle Today With Shari Redstone

*“Fam”*
A woman’s dreams of an upstanding life with her new fiancé and his upstanding family are dashed when her younger train wreck half-sister comes to live with her to escape their train wreck of a father.

Cast includes Nina Dobrev, Tone Bell, Odessa Adlon, Brian Stokes Mitchell and Sheryl Lee Ralph.

Corinne Kingsbury is writer and executive producer, with Scott Ellis directing the pilot. Aaron Kaplan, Dana Honor and Wendi Trilling are also executive producers. The multi-camera comedy is produced by CBS Television Studios and Kapital Entertainment.

*“God Friended Me”
*Questions of faith, existence and science are explored in this humorous, uplifting series about an outspoken atheist whose life is turned upside down when he is “friended” by God on social media. Unwittingly, he becomes an agent of change in the lives and destinies of others around him.*
*

Cast includes Brandon Micheal Hall, Violett Beane, Suraj Sharma, Javicia Leslie and Joe Morton.

Steven Lilien and Bryan Wynbrandt are writers and executive producers. Marcos Siega will direct and executive produce. Greg Berlanti and Sarah Schechter are also executive producers. The hour-long drama is produced by Warner Bros. Television.

*Also Read:* Pauley Perrette Thanks CBS for Response to Her Assault Accusations: Network 'Always Had My Back'

*“Magnum P.I.”*
An update of the classic television series set in Hawaii, MAGNUM P.I. follows Thomas Magnum, a decorated ex-Navy SEAL who, upon returning home from Afghanistan, repurposes his military skills to become a private investigator.

Cast includes Jay Hernandez, Perdita Weeks, Zachary Knighton and Stephen Hill.

Peter Lenkov and Eric Guggenheim are co-writers and executive producers. Justin Lin will direct and executive produce. John Davis, John Fox and Danielle Woodrow are also executive producers. The hour-long drama is produced by CBS Television Studios and Universal Television.

*“The Code”
*The military’s brightest minds take on our country’s toughest challenges – inside the courtroom and out – where each attorney is trained as a prosecutor, a defense lawyer, an investigator – and a Marine.*
*

Cast includes Anna Wood, Ato Essandoh, Phillipa Soo and Raffi Barsoumian.

Craig Sweeny is executive producer and showrunner. Pilot is based on a story by Sweeny and Craig Turk. Carl Beverly and Sarah Timberman also executive produce, alongside director Marc Webb. The drama is produced by CBS Television Studios.

*Also Read:* Max Greenfield to Replace Josh Lawson in CBS' 'The Neighborhood' Recasting

*“The Red Line”
*After a white cop in Chicago mistakenly shoots and kills a black doctor, we follow three vastly different families that all have connections with the case as the story is told from each perspective.

Cast includes Noah Wyle, Emayatzy Corinealdi, Aliyah Royale, Noel Fisher, Michael Patrick Thornton, Vinny Chhibber, Howard Charles and Elizabeth Laidlaw.

Caitlin Parrish and Erica Weiss are writers and co-executive producers. Ava DuVernay, Greg Berlanti and Sarah Schechter will also executive prodcue. Victoria Mahoney is director on the drama from Warner Bros. Television.

CBS’ upfront presentation to advertisers will take place at 4 p.m. ET inside New York City’s Carnegie Hall.

*Related stories from TheWrap:*

Fox Upfront: 7 Takeaways From Beacon Theatre Presentation to Advertisers

'The Cool Kids,' 'Rel' and 'The Passage': Watch Trailers for Fox's New Fall TV Shows (Video)

Fox 2018 Upfront: Homer Simpson Kills and Tim Allen Bombs in Back-to-Back Monologues Reported by The Wrap 2 hours ago.

Reference is made to the stock exchange notification published by Electromagnetic Geoservices ASA ("EMGS" or the "Company") on 14 May 2018 pertaining to the voluntary Bond Buy-Back under the Existing Bond Issue.

On 16 May 2018, Siem Investments Inc. ("Siem Investments"), a primary insider of EMGS, offered bonds under the Bond Buy-Back with a total nominal value of NOK 91.0 million. The bonds offered by Siem Investments will be repurchased by EMGS, for immediate discharge, at the Bond Buy-Back offer price of 103% of the par value, plus accrued but unpaid interest up until, but not including, the settlement date under the Bond Buy-Back.

Following completion of the Bond Buy-Back, which is expected to take place on or about 22 May 2018, Siem Investments will hold zero (0) bonds in the Existing Bond Issue.

This information is subject of the disclosure requirements pursuant to section 4-2 of the Norwegian Securities Trading Act.*For further information, please contact: **
*Hege Veiseth, CFO, +47 99 21 67 43 *

**About EMGS*
EMGS, the marine EM market leader, uses its proprietary electromagnetic (EM) technology to support oil and gas companies in their search for offshore hydrocarbons. EMGS supports each stage in the workflow, from survey design and data acquisition to processing and interpretation. The Company's services enable the integration of EM data with seismic and other geophysical and geological information to give explorationists a clearer and more complete understanding of the subsurface. This improves exploration efficiency and reduces risks and the finding costs per barrel.

EMGS operates on a worldwide basis with offices in Trondheim, Oslo, Houston, Villahermosa, Rio de Janeiro and Kuala Lumpur.

For more information, visit www.emgs.com*
*

*** Reported by GlobeNewswire 8 hours ago.

Association of Zoos and Aquariums Accreditation Commission Grants Accreditation to 19 World-Class Facilities During Spring 2018 Review Cycle

Silver Spring, MD, May 16, 2018 (GLOBE NEWSWIRE) -- Twice a year, the Association of Zoos and Aquariums’ (AZA) independent Accreditation Commission (the Commission) evaluates accreditation applications from the world’s best aquariums, nature centers, science centers and zoos. Most recently, the Commission reviewed 21 accreditation applications and 2 applications for certification. As a result of these rigorous assessments, AZA proudly announces that the following facilities are accredited:

· Alexandria Zoological Park, La.
· Audubon Zoo, La.
· Brevard Zoo, Fla.
· Dolphin Discovery Cozumel, Mexico
· Dolphin Discovery Isla Mujeres, Mexico
· El Paso Zoo, Texas
· Fort Worth Zoo, Texas
· Georgia Aquarium, Ga.
· Houston Zoo, Inc., Texas
· Jenkinson's Aquarium, N.J.
· Louisville Zoological Garden, Ky.
· Maritime Aquarium at Norwalk, Conn.
· Mote Marine Laboratory and Aquarium, Fla.
· Ocean Park Corporation, Hong Kong
· OdySea Aquarium, Ariz.
· Rainforest & Aquarium at Moody Gardens, Texas
· Sacramento Zoo, Calif.
· San Antonio Zoological Society, Texas
· Seattle Aquarium, Wash.

“AZA’s accreditation standards are widely acknowledged as the ‘gold-standard’ in the zoological profession, and our independent Commission grants accreditation only to those who have reached this level of achievement,” said AZA President and CEO Dan Ashe. “AZA-accredited facilities are proven leaders in animal care, welfare, and conservation, contributing $216 million to conservation fieldwork and welcoming more than 200million guests each year. We are proud to count these accredited facilities and their dedicated staff among our prestigious members.”

AZA also granted certification to 2 applicants - the White Oak Conservation Center in Florida and the Pinola Aviary & Conservancy in Louisiana. The certification process is equivalent to the accreditation process, but is designed for non-commercial, wildlife-holding facilities that are not open to the public on a regular basis. 

Each facility underwent a thorough review to make certain it has and will continue to meet ever-rising standards, which emphasize animal welfare and care, veterinary programs, conservation, education, and safety. AZA requires facilities to complete this rigorous accreditation process every five years to be members of the Association.

The accreditation process includes a detailed application and a meticulous on-site multiple-day inspection by an independent team of trained zoological professionals. The inspecting team observes all aspects of the facility’s operation, including animal welfare and well-being; veterinary care; keeper training; safety for visitors, staff, and animals; educational programs; conservation efforts; financial stability; risk management; guest services. Finally, top officials are interviewed at a formal hearing in front of the Accreditation Commission, after which accreditation is granted, tabled, or denied.  Any facility that is denied may reapply after one year if it has thoroughly redressed the reasons for denial.

Demonstrating the stringency and independence of this process, AZA’s Accreditation Commission took the difficult decision to deny accreditation to BREC's Baton Rouge Zoo, in Louisiana.

“Baton Rouge Zoo has been a longstanding AZA member, and its leadership and staff are valued and respected members of our professional community. However, due to chronic issues with facility maintenance, the Commission could not support accreditation. We look forward to the day, hopefully in the not distant future, when we will see these issues addressed and Baton Rouge Zoo will again stand proudly among the AZA community,” said Ashe.

Over the past ten years, the Commission has accredited 249 facilities, with many being successfully accredited twice during that time span. The Commission has denied accreditation to 21 facilities.

There are currently 232 AZA-accredited zoos and aquariums and 13 AZA-certified related facility members throughout the U.S. and in eight other countries.

“Fewer than 10 percent of all animal exhibitors registered with USDA have achieved the rigorous standards for accreditation by the Association of Zoos and Aquariums,” said Jim Breheny, Chair of the AZA Board of Directors. “By achieving AZA-accreditation, this elite group of zoos and aquariums demonstrate commitment to exemplary animal care and welfare, educational and inspiring visitor experiences, and AZA’s mission to conserve wildlife around the world. We congratulate all who have exceeded the expectations required for AZA accreditation.”

The Commission will meet to assess the next group of accreditation applicants this Fall in Seattle, Washington. For a full list of facilities applying for AZA accreditation, please visit https://www.aza.org/upcoming-reviews. For a full list of currently accredited AZA-facilities, please visit https://www.aza.org/current-accreditation-list.

 

*About AZA*

Founded in 1924, the Association of Zoos and Aquariums is a nonprofit organization dedicated to the advancement of zoos and aquariums in the areas of conservation, animal welfare, education, science, and recreation. AZA is the accrediting body for the top zoos and aquariums in the United States and eight other countries. Look for the AZA accreditation logo whenever you visit a zoo or aquarium as your assurance that you are supporting a facility dedicated to providing excellent care for animals, a great experience for you, and a better future for all living things. The AZA is a leader in saving species and your link to helping animals all over the world. To learn more, visit www.aza.org.

*Attachment*

· Mar2018 all FINAL

CONTACT: Rob Vernon
Association of Zoos and Aquariums
301-244-3352
Rvernon@aza.org Reported by GlobeNewswire 6 hours ago.

KEMP, Texas, May 16, 2018 (GLOBE NEWSWIRE) -- Leader in industrial lighting, Larson Electronics LLC, releases a new 3 phase energy efficient hazardous location transformer, suitable for indoor and outdoor use. This powerful and reliable design offers environmental benefits, as well as protection against critical equipment failures. With low ownership cost, high reliability and low heat emissions, this transformer is ideal for a wide variety of applications such as powering supplies for sensitive technology including computers, medical devices or lab instruments.The MT-HAL-3P-480D-112.5KVA-220D.110-N3R from Larson Electronics is an extremely energy efficient 3-phase 112.5 kVA isolated transformer with a primary voltage of 480V Delta and secondary voltage of 220/110V Delta. The features of the unit are vast and increase the transformer’s efficiency and reliability. Each core in the transformer is engineered with non-aging, cold-rolled silicon steel laminations and coated to protect the internal components from the ingress of moisture. The cores are also electrically balanced which minimizes axial forces that occur during short circuits.

Because the MT-HAL-3P-480D-112.5KVA-220D.110-N3R has efficiency increasing features that result in low heat emissions and ultimately low operational costs. Integrated floor and wall mounting brackets make it easy to install the unit and access power tool accessories.

“This hazardous location transformer provides operators with reliable and powerful general-purpose power designed with the environment in mind,” said Rob Bresnahan, CEO of Larson Electronics LLC. “Increased reliability and enhancement of the unit’s protection against critical failure, makes it safer and more environmentally and energy friendly.”

*About Larson Electronics LLC:* Larson Electronics LLC is a manufacturer of industrial lighting equipment and accessories. The company offers an extensive catalog of industry-grade lighting and power distribution products for the following sectors: manufacturing, construction, food processing, oil and gas, military, marine and automobile. Customers can benefit from the company’s hands-on, customized approach to lighting solutions. Larson Electronics provides expedited service for quotes, customer support and shipments.

*For further information, please contact:*
Rob Bresnahan, *President and CEO
*Toll-free: 1-800-369-6671

Phone: 214-616-6180
Fax: 903-498-3364
E-mail: sales@larsonelectronics.com
MT-HAL-3P-480D-112.5KVA-220D.110-N3R High Res Image

MT-HAL-3P-480D-112.5KVA-220D.110-N3R Spec Sheet

A photo accompanying this announcement is available at http://resource.globenewswire.com/Resource/Download/b29af11a-c694-49ed-9080-d0ed0e98b8a1 Reported by GlobeNewswire 6 hours ago.

The board of Marine Harvest ASA (Marine Harvest) has resolved to distribute an ordinary dividend of NOK 2.60 per share. The Ex-date is May 18, 2018. According to NASDAQ Derivatives Markets Rules and Regulations 3.5.3.6.1 adjustment for ordinary dividend shall be made for underlyings specified with 100 % dividend adjustment in the Quotation list. NASDAQ Derivatives Markets has carried out a re-calculation of options, forwards and futures in Marine Harvest (MHGN, MHG).

For further information please find the attached file. Reported by GlobeNewswire 5 hours ago.

NEW YORK, May 16, 2018 (GLOBE NEWSWIRE) -- HC2 Holdings, Inc. (“HC2” or “the Company”) (NYSE:HCHC), a diversified holding company, announced today that it will be participating at the 19th Annual B. Riley FBR Investor Conference in Santa Monica, CA, on Thursday, May 24, 2018 at 11:30 a.m. PT (2:30 p.m. ET).

HC2’s executive management team including Philip A. Falcone, Chairman, Chief Executive Officer and President, Michael J. Sena, Chief Financial Officer and Andrew G. Backman, Managing Director of Investor Relations and Public Relations will be participating at the conference.

The Company’s presentation will be broadcast live over the internet and can be accessed through the Company's website, www.hc2.com. To listen, please go to the website's "Investor Relations" section at least 15 minutes prior to the start of the broadcast to register and download any necessary audio software. For those who are not able to listen to the live broadcast, a replay will be available shortly following the conference on the HC2 website.

*About HC2*

HC2 Holdings, Inc. is a publicly traded (NYSE:HCHC) diversified holding company, which seeks opportunities to acquire and grow businesses that can generate long-term sustainable free cash flow and attractive returns in order to maximize value for all stakeholders.  HC2 has a diverse array of operating subsidiaries across eight reportable segments, including Construction, Marine Services, Energy, Telecommunications, Life Sciences, Broadcasting, Insurance and Other.  HC2's largest operating subsidiaries include DBM Global Inc., a family of companies providing fully integrated structural and steel construction services, and Global Marine Systems Limited, a leading provider of engineering and underwater services on submarine cables.  Founded in 1994, HC2 is headquartered in New York, New York.  Learn more about HC2 and its portfolio companies at www.hc2.com.

For information on HC2 Holdings, Inc., please contact:

Andrew G. Backman
Managing Director - Investor Relations & Public Relations
abackman@hc2.com
212-339-5836 Reported by GlobeNewswire 5 hours ago.

NASDAQ Derivatives Markets has carried out a re-calculation of options, forwards and futures in Marine Harvest ASA (MHGN, MHG) due to a dividend. For details regarding the re-calculation please see exchange notice 70/18. 

Adjusted series have received an “X”, “Y”, “Z” or “Q” in the series designation, and have also received new ISIN-codes which can be found attached. Reported by GlobeNewswire 5 hours ago.

Technology Association of Oregon names PacStar Technology Company of the Year for Growth, celebrates company at awards ceremony

PORTLAND, Ore. (PRWEB) May 16, 2018

PacStar, a leading developer and reseller of advanced communications solutions, announced that it was named Technology Company of the Year for Growth by the Technology Association of Oregon (TAO) as part of the 2018 Oregon Technology Awards. These awards celebrate excellence and achievement within the region’s vibrant technology community. The Growth award category recognizes the strongest, most consistent growth for an Oregon-based technology company over the past three years.

“This is truly an honor for PacStar and reflects the hard work and professional excellence of all of our employees. PacStar strives to deliver quality products and outstanding customer service to our customers with mission critical communications requirements,” said Peggy Miller, CEO, PacStar. “This award recognizes the level of excellence that we have achieved and our company’s strong growth over the past few years which has included multiple multimillion dollar contract wins from the U.S. Marine Corps Networking-On-The-Move (NOTM) program and the U.S. Army Transportable Tactical Command Communications (T2C2) program. I am so proud of our PacStar team and am personally appreciative of each and every one of our employees who made this recognition possible.”

Now in its 34th year, the Oregon Technology Awards recognized the state’s best companies thriving in technology by presenting awards in a number of categories. Awards include Technology Company of the Year, Influential Technology Company Not Headquartered in Oregon, Most Disruptive Technology and, new in 2018, People’s Choice Award.

"PacStar is an excellent example of a company headquartered in Oregon with a great track record of strong growth and offering quality products to its customers around the world. Oregon’s technology community continues to thrive and mature, and the companies honored by our awards are building the future of our state,” said Skip Newberry, TAO President and CEO. “It is an honor to celebrate the leaders making an impact and the companies elevating the state’s technology economy.”

The winners of the 2018 Oregon Technology Awards were selected from a wide spectrum of industries within the various award categories. The awards ceremony hosted more than 600 attendees, including entrepreneurs and tech professionals from across the region and around the globe.

About Pacstar
Pacific Star Communications, Inc. (PacStar) is a leading technology-based systems integrator that delivers advanced, reliable and interoperable tactical and enterprise communications systems to the military, federal, state and local government agencies, as well as emergency responders. The company’s patented IQ-Core® Software and hardware technology and integration/installation services provide secure, command, control and communications systems – particularly in remote or infrastructure starved areas. In addition, PacStar’s unified and tactical network communications systems are ideally suited for commercial sector organizations with mission-critical, complex communications requirements. For additional information, please visit http://www.pacstar.com Reported by PRWeb 5 hours ago.

NEW YORK, May 16, 2018 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Macquarie Infrastructure Corporation (“Macquarie” or the “Company”) (NYSE:MIC) and certain of its officers. The class action, filed in United States District Court, Southern District of New York, and docketed under 18-cv-03744, is on behalf of a class consisting of investors who purchased or otherwise acquired Macquarie’s securities between February 22, 2016, and February 21, 2018, both dates inclusive (the “Class Period”), seeking to recover damages caused by Defendants’ violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.If you are a shareholder who purchased Macquarie’s securities between February 22, 2016, and February 21, 2018, both dates inclusive, you have until June 25, 2018, to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 9980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased. 

*[Click here to join this class action]*

Macquarie Infrastructure Corporation owns, operates, and invests in a portfolio of infrastructure businesses. The Company’s businesses consist of bulk liquid terminals, airport services, gas processing and distribution, and a portfolio of contracted power and energy investments. Macquarie’s International-Matex Tank Terminals (“IMTT”) business provides bulk liquid storage and handling services at 12 marine terminals in the United States and Canada, and is Macquarie’s most important business segment.

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) IMTT’s performance and utilization were at risk of significant decline due to ongoing industrywide changes in the market for heavy residual oils, and in particular, declining demand and pricing for No. 6 fuel oil; (ii) IMTT relied significantly on demand for storage of heavy residual fuel oils, including No. 6 fuel oil; (iii) Macquarie needed to undertake significant capital expenditures to repurpose IMTT storage tanks to accommodate alternative products; and (iv) as a result of the foregoing, Macquarie’s shares traded at artificially inflated prices during the Class Period, and class members suffered significant losses and damages.

On February 21, 2018, after the market closed, Macquarie surprised the market by announcing disappointing fourth-quarter earnings of $0.43 per share, well short of analysts’ estimate of $0.51 per share, and that the Company would be slashing its dividend by 31%. Macquarie blamed its poor performance on the declining use of heavy residual oil products, declining demand and prices for No. 6 fuel oil.

On this news, Macquarie’s share price fell $26.21, or 41.19%, to close at $37.41 on February 22, 2018.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 Ext. 9980 Reported by GlobeNewswire 4 hours ago.

LAVAL, Quebec, May 16, 2018 (GLOBE NEWSWIRE) -- Neptune Technologies & Bioressources Inc. (“Neptune” or the “Company”) (NASDAQ:NEPT) (TSX:NEPT), announces that it will be holding a conference call on June 5, 2018 at 5:00 PM (EST) to discuss its fourth quarter and fiscal year-end results ended March 31, 2018.

The fourth quarter results press release will be issued on the same day at 4:00 PM (EST), after market close.

*Conference Call Details:*
 
*Date:*  Tuesday, June 5, 2018
   
*Time:*  5:00 PM Eastern Standard Time
   
*Call:*  1 (877) 223-4471 (within Canada and the U.S.)
1 (647) 788-4922 (outside Canada and the U.S.)
   
*Webcast:*  A live audio webcast and presentation of the results can be accessed at:
http://neptunecorp.com/en/investors/events-presentations/

A replay of the call will be available for replay two hours after the call's completion, until July 5, 2018. The telephone numbers to access the replay of the call are 1 (416) 621‑4642 or 1 (800) 585-8367 (toll-free), Conference ID 2993468. The archive of the webcast, along with its accompanying presentation, will also be made available immediately in the Investors section of Neptune’s website under Investor Events and Presentations.

*About Neptune Technologies & Bioressources Inc.*

Neptune is a wellness products company, with more than 50 years of combined experience in the industry. The Company formulates and provides turnkey solutions available in various unique delivery forms, offers specialty ingredients such as MaxSimil®, a patented ingredient that may enhance the absorption of lipid-based nutraceuticals, and a variety of other marine and seed oils. Neptune also sells premium krill oil directly to consumers through web sales at www.oceano3.com. Leveraging our scientific, technological and innovative expertise, Neptune is working to develop unique extractions and formulations in high potential growth segments such as medical and wellness cannabinoid-based products.

The Company's head office is located in Laval, Quebec.

For more information, please contact:

*Contact information** ** *
Neptune Wellness Solutions Investor Relations Contact (Canada) Investor Relations Contact (U.S.)
Mario Paradis Pierre Boucher Jody Burfening
VP & CFO, Neptune
1.450.687.2262 x236 MaisonBrison
1.514.731.0000 LHA
1.212.838.3777
m.paradis@neptunecorp.com pierre@maisonbrison.com jburfening@lhai.com Reported by GlobeNewswire 4 hours ago.

Canada's Prime Minister Justin Trudeau says his government is working on various fronts and behind the scenes to "get the pipeline built" -- an 890,000 barrels-a-day pipeline that would feed an oil port just east of Vancouver.

The project would send bitumen crude oil from Alberta through some of the most sensitive marine waters in North America, shared by Washington and British Columbia.

Greenpeace launched protests against the project in Seattle on Tuesday.  A big demonstration is planned Sunday. Reported by SeattlePI.com 7 minutes ago.

Day Zero is not off the cards – and it is not such a bizarre idea to harvest fresh water from an iceberg to solve Cape Town's water demands, says an expert in marine salvage. Reported by News24 3 hours ago.

New predictions reveal how global warming may shift the geographic distribution of 686 marine species that inhabit North America's Atlantic and Pacific continental shelves, according to a new study. Reported by Science Daily 7 minutes ago.

HARTFORD, Conn. (AP) — Connecticut boat dealers say a new sales tax reduction on vessels is already giving a boost to their businesses. Kathleen Burns, the Connecticut Marine Trades Association’s executive director, said Wednesday that customers have called her office asking if tax cut is real. She says one man told her that lowering the […] Reported by Seattle Times 3 hours ago.

GRAND CAYMAN, Cayman Islands, May 16, 2018 (GLOBE NEWSWIRE) -- Ocean Rig UDW Inc. (NASDAQ:ORIG), (“Ocean Rig” or the “Company”), an international contractor of offshore deepwater drilling services, today announced its unaudited financial and operating results for the quarter ended March 31, 2018.**First **Q**u**a**r**t**e**r* *2018** Financial **Hi**g**hlights**

· For the first quarter of 2018, the Company reported net income of $54.9 million, or $0.60 basic and diluted earnings per share.

Included in the first quarter 2018 results are:

-- Costs of $11.8 million, or $0.13 per share, associated with the Ocean Rig Mykonos and the Leiv Eiriksson shipyard stays, which are included in operating expenses.

Excluding the above costs, the Company would have reported net income of $66.7 million, or $0.73 per share.

· The Company reported Adjusted EBITDA^(1) of $111.0 million for the first quarter of 2018.
 
· The Company’s rigs that are operating under drilling contracts achieved a revenue efficiency of 98.1% for the first quarter of 2018.

**Recent Events**

· On May 8, 2018, the Company prepaid in full the remaining outstanding balance (as of that date) of $43.8 million on its $462 million senior secured credit facility (the “Senior Secured Credit Facility”), with no prepayment penalty. The Senior Secured Credit Facility was expected to mature in June 2018. Following the full prepayment of the Senior Secured Credit Facility, the shares of the Company’s subsidiary, Drillship Alonissos Owners Inc., the rig owning subsidiary of the Ocean Rig Apollo, are in the process of being transferred back to the Company and the Ocean Rig Apollo is to be pledged under the Company’s $450 million credit agreement dated September 22, 2017, the outstanding balance on which currently stands at $350 million.
 
· On April 20, 2018, the Company, pursuant to the previously announced agreement, made the $35.0 million interim yard installment payment to Samsung Heavy Industries (“SHI”) in connection with the construction of the Ocean Rig Santorini. Under the agreement with SHI, the delivery of the Ocean Rig Santorini has been postponed to September 2019, but may be brought forward at the option of the Company.

· The Company’s drilling unit the Ocean Rig Corcovado, which is expected to complete its current drilling contract with Petrobras during May 2018, is planned to transit to Las Palmas, Spain, where it will remain in “ready-to-drill” state, and is expected to be actively marketed for employment.

^(1) Adjusted EBITDA is a non-GAAP measure; please see the reconciliation to net income (the nearest GAAP measure) elsewhere in this press release.

Mr. Pankaj Khanna, President and Chief Executive Officer of the Company, commented:

“We are pleased to report positive results for the Company. We believe our balance sheet is “best-in-class”, allowing us to prepay debt and fund future growth with no further maturities until 2024. We are working on several fronts to add backlog and get our three rigs that are in ready-to-drill state operating.

“Oil prices have now topped $75 per barrel for the first time since 2014 and the fundamentals remain in positive territory. We are experiencing continued improvement in the level of enquiry we see from our customers. Brazil in particular is expected to make a comeback with rising rig demand from both Petrobras and International Oil Companies operating in the country. There are several other areas that are also showing improvement. We remain cautiously optimistic about the near to medium term recovery in the deep and ultra deepwater drilling markets.”

**F**i**n**a**n**c**i**al* *R**e**v**i**e**w**:* *2018 First* *Q**u**a**r**ter**

The Company recorded net income of $54.9 million, or $0.60 basic and diluted earnings per share, for the three-month period ended March 31, 2018, as compared to a net income of $92.2 million, or $10,300.45 basic and diluted earnings per share^(1), for the three-month period ended March 31, 2017.

Revenues decreased by $108.7 million to $194.1 million for the three-month period ended March 31, 2018, as compared to $302.8 million for the three-month period ended March 31, 2017.

Drilling units’ operating expenses increased to $76.2 million (including $11.8 million of shipyard stay costs, associated with the Ocean Rig Mykonos and the Leiv Eiriksson) and total depreciation and amortization decreased to $26.6 million for the three-month period ended March 31, 2018, from $75.6 million and $31.3 million, respectively, for the three-month period ended March 31, 2017. Total general and administrative expenses increased to $16.1 million in the first quarter of 2018 from $16.0 million during the three-month period ended March 31, 2017.

Loss on sale of assets mainly associated with scrapping of various equipment amounted to $0.3 million for the three-month period ended March 31, 2018, as compared with $0.2 million for the three-month period ended March 31, 2017. Reorganization expenses amounted to $0.2 million for the three-month period ended March 31, 2018, as compared with $16.9 million for the three-month period ended March 31, 2017.

Interest and finance costs, net of interest income, decreased to $7.1 million for the three-month period ended March 31, 2018, compared to $51.5 million for the three-month period ended March 31, 2017.

(1) Share and per share data for 2017 give effect to a 1-for-9,200 reverse stock split, which became effective on September 22, 2017.

**Operating Fleet**

The table below describes our operating fleet profile as of May 15, 2018:

*Unit* *Year built* *Redelivery*  
Leiv Eiriksson 2001 Q3 – 2018  
Ocean Rig Corcovado 2011 Q2 – 2018  
Ocean Rig Poseidon 2011 Q3/Q4 – 2018  
Ocean Rig Mykonos 2011 N/A  
Ocean Rig Skyros 2013 Q3 – 2021  

*Total backlog^(1)(2) as of March 31, 2018 amounted to approximately $822 million.*

Note: The units the Eirik Raude, the Ocean Rig Olympia, the Ocean Rig Apollo, the Ocean Rig Mylos, the Ocean Rig Paros and the Ocean Rig Athena, have completed their preservation work and are currently cold stacked in Greece, remaining available for further employment. The Ocean Rig Mykonos is in Las Palmas, Spain, where it remains “ready to drill”. The Ocean Rig Poseidon is in Walvis Bay, Namibia where it remains “ready to drill” and is expected to commence its previously announced drilling program, offshore West Africa, in the third quarter of 2018.

(1) The contracted backlog of our fleet is adjusted for subsequent events, excludes options to extend and assumes full utilization for the full term of the drilling contract. The actual amount of revenues earned and the actual periods during which revenues are earned may differ from the amounts and periods described above due to, for example, off-hire for maintenance projects, downtime, scheduled or unscheduled dry-docking, cancellation or early termination of drilling contracts, and other factors that result in lower revenues than our estimated contract backlog.
(2) Excludes termination payments associated with the Ocean Rig Apollo.

   
   
*Ocean Rig UDW Inc.*  
   
*F**inancial Statements*
*Unaudited Interim Condensed Consolidated Statements of Operations*  
   
(Expressed in thousands of U.S. Dollars
except for share and per share data)   Three Months Ended
March 31,  
    2017     2018    
           
REVENUES:          
Revenues $ 302,814   $ 194,144    
           
EXPENSES:          
Drilling units operating expenses   75,614     76,159    
Depreciation and amortization   31,311     26,608    
Loss on sale of assets   153     280    
General and administrative expenses   15,965     16,091    
           
Operating income   179,771     75,006    
           
OTHER INCOME/(EXPENSES):          
Interest and finance costs, net of interest income   (51,509)     (7,103)    
Reorganization expenses   (16,879)     (207)    
Other, net   (107)     (2,741)    
Income taxes   (19,087)     (10,105)    
Total other expenses, net   (87,582)     (20,156)    
           
Net income attributable to Ocean Rig UDW Inc. $ 92,189   $ 54,850    
           
           
Net income attributable to Ocean Rig UDW Inc. common stockholders $ 92,189   $ 54,850    
           
Earnings per common share of Class A and Class B common stock, attributable to common stockholders, basic and diluted (1) $ 10,300.45   $ 0.60    
Weighted average number of Class A and Class B common stock, basic and diluted (1)   8,950     91,567,982      
           

(1) Share and per share data for 2017 give effect to a 1-for-9,200 reverse stock split and for 2017 the issuance of 90,651,603 shares, both became effective on September 22, 2017.

 
 
*Ocean Rig UDW Inc.*
*Unaudited Condensed Consolidated Balance Sheets*
         
(Expressed in Thousands of U.S. Dollars)   December 31, 2017   March 31, 2018
        * *
*ASSETS*       * *
  Cash, cash equivalents and restricted cash (current and non-current) $ 783,081 $ 749,209
  Other current assets   207,637   166,028
  Drilling units, machinery and equipment, net   1,852,167   1,831,449
  Other non-current assets   9,080   8,715
  *Total assets*   2,851,965   2,755,401
           
*LIABILITIES AND STOCKHOLDERS’ EQUITY* * *      
  * * * *      
  Total debt, net of deferred financing costs   531,632   397,000
  Total other current liabilities   102,411   86,495
  Total other non-current liabilities   14,702   13,836
  Total stockholders’ equity   2,203,220   2,258,070
  *Total liabilities and stockholders’ equity* $ 2,851,965 $ 2,755,401
  * *        
*SHARE COUNT DATA*        
  Common stock issued and outstanding   91,567,982   91,567,982
           

**A**d**j**u**s**t**e**d* *EB**I**T**D**A** R**e**c**o**n**c**ili**a**t**i**o**n**Adjusted EBITDA represents earnings before interest, taxes, depreciation and amortization, shipyard stay costs, loss on sale of assets and reorganization expenses. Adjusted EBITDA does not represent and should not be considered as an alternative to net income or cash flow from operations, as determined by United States generally accepted accounting principles, or U.S. GAAP, and our calculation of adjusted EBITDA may not be comparable to that reported by other companies. Adjusted EBITDA is included herein because it is a basis upon which the Company measures its operations. Adjusted EBITDA is also used by our lenders as a measure of our compliance with certain covenants contained from time to time, in our loan agreements and because the Company believes that it presents useful information to investors regarding a company's ability to service and/or incur indebtedness.

The following table reconciles net income to Adjusted EBITDA:

(Dollars in thousands)   Three Months Ended
March 31,
    2017   2018
Net income $ 92,189 $ 54,850
         
Add: Net interest expense   51,509   7,103
Add: Depreciation and amortization   31,311   26,608
Add: Loss on sale of assets   153   280
Add: Income taxes   19,087   10,105
Add: Shipyard stay costs   521   11,834
Add: Reorganization expenses   16,879   207
Adjusted EBITDA $ 211,649 $ 110,987
         

**Con**f**e**r**e**n**c**e* *C**a**ll* *and** W**e**b**c**a**s**t**:** May 17, **2018**As announced, the Company’s management team will host a conference call, on Thursday, May 17, 2018 at 8:00 a.m. Eastern Time to discuss the Company's financial results.

**Co**n**f**e**re**n**c**e* *C**a**l**l D**e**t**a**i**l**s**

Participants should dial into the call 10 minutes before the scheduled time using the following numbers: 1(866) 819-7111 (from the US), 0(800) 953-0329 (from the UK) or +(44) (0) 1452 542 301 (from outside the US). Please quote "Ocean Rig."

A replay of the conference call will be available until Thursday, May 24, 2018. The United States replay number is 1(866) 247-4222; from the UK 0(800) 953-1533; the standard international replay number is (+44) (0) 1452 550 000 and the access code required for the replay is: 55592075#.

A replay of the conference call will also be available on the Company’s website at www.ocean-rig.com under the Investor Relations section.

**Slid**e**s* *a**n**d* *a**udi**o** w**e**b**c**as**t**:**

There will also be a simultaneous live webcast over the Internet, through the Ocean Rig UDW Inc. website www.ocean-rig.com. Participants to the live webcast should register on the website approximately 10 minutes prior to the start of the webcast.

**Abo**u**t O**c**e**an Rig U**D**W In**c**.**

Ocean Rig is an international offshore drilling contractor providing oilfield services for offshore oil and gas exploration, development and production drilling, and specializing in the ultra-deepwater and harsh-environment segment of the offshore drilling industry.

Ocean Rig’s common stock is listed on the NASDAQ Global Select Market where it trades under the symbol “ORIG.”

Visit the Company’s website at www.ocean-rig.com

**F**o**r**w**a**r**d**-**Looki**n**g Sta**t**eme**nt**

Matters discussed in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with such safe harbor legislation.

Forward-looking statements relate to Ocean Rig’s expectations, beliefs, intentions or strategies regarding the future. These statements may be identified by the use of words like “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “project,” “should,” “seek,” and similar expressions. Forward-looking statements reflect Ocean Rig’s current views and assumptions with respect to future events and are subject to risks and uncertainties.

The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management’s examination of historical operating trends, data contained in Ocean Rig’s records and other data available from third parties. Although Ocean Rig believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond Ocean Rig’s control, Ocean Rig cannot assure you that it will achieve or accomplish these expectations, beliefs or projections described in the forward- looking statements contained herein. Actual and future results and trends could differ materially from those set forth in such statements.

Important factors that, in Ocean Rig’s view, could cause actual results to differ materially from those discussed in the forward-looking statements include factors related to (i) the offshore drilling market, including supply and demand, utilization, day rates and customer drilling programs, commodity prices, effects of new rigs and drillships on the market and effects of declines in commodity process and downturns in the global economy on the market outlook for our various geographical operating sectors and classes of rigs and drillships; (ii) hazards inherent in the drilling industry and marine operations causing personal injury or loss of life, severe damage to or destruction of property and equipment, pollution or environmental damage, claims by third parties or customers and suspension of operations; (iii) newbuildings, upgrades, and shipyard and other capital projects; (iv) changes in laws and governmental regulations, particularly with respect to environmental matters; (v) the availability of competing offshore drilling vessels; (vi) political and other uncertainties, including risks of terrorist acts, war and civil disturbances; piracy; significant governmental influence over many aspects of local economies, seizure; nationalization or expropriation of property or equipment; repudiation, nullification, modification or renegotiation of contracts; limitations on insurance coverage, such as war risk coverage, in certain areas; political unrest; foreign and U.S. monetary policy and foreign currency fluctuations and devaluations; the inability to repatriate income or capital; complications associated with repairing and replacing equipment in remote locations; import-export quotas, wage and price controls imposition of trade barriers; regulatory or financial requirements to comply with foreign bureaucratic actions; changing taxation policies; and other forms of government regulation and economic conditions that are beyond our control; (vii) the performance of our rigs; (viii) our new capital structure; (ix) our ability to procure or have access to financing and our ability to comply with covenants in documents governing our debt; (x) our substantial leverage, including our ability to generate sufficient cash flow to service our existing debt and the incurrence of substantial indebtedness in the future; (xi) our ability to successfully employ our drilling units our customer contracts, including contract backlog, contract commencements and contract terminations; (xii) our capital expenditures, including the timing and cost of completion of capital projects; (xiii) our revenues and expenses; (xiv) complications associated with repairing and replacing equipment in remote locations; and (xv) regulatory or financial requirements to comply with foreign bureaucratic actions, including potential limitations on drilling activities; (xvi) any litigation or adverse actions that may arise from our recently completed financial restructuring. Due to such uncertainties and risks, investors are cautioned not to place undue reliance upon such forward-looking statements.

Risks and uncertainties are further described in reports of Ocean Rig filed with or submitted to the U.S. Securities and Exchange Commission, including the Company’s most recently filed Annual Report on Form 20-F.

**I**n**v**e**s**t**or* *R**e**l**a**t**i**o**n**s* */ M**e**d**i**a:**

Nicolas Bornozis
Capital Link, Inc. (New York) Tel. 212-661-7566
E-mail: oceanrig@capitallink.com Reported by GlobeNewswire 1 hour ago.

KEMP, Texas, May 16, 2018 (GLOBE NEWSWIRE) -- Industrial lighting leader, Larson Electronics LLC, has released a new Trailer Mounted Hydraulic Megatower light plant for heavy-duty industrial applications. This 7-stage folding tower hydraulic plant deploys lights or other equipment to elevations of 77 feet and features a hydraulic ram and mast, as well as high output LED. The entire assembly is mounted onto a tandem axle trailer and powered by a 20KW Kubota diesel generator with a 110-gallon fuel tank. This trailer has been designed to hold steady through extremely rugged outdoor conditions and harsh winters.The WCDE-20-HLM65-20X500LTL-LED-WSM is a versatile self-contained, towable Megatower light plant. This unit contains a water-cooled diesel engine powering a 20KW Kubota generator and features twenty 480-watt LED lights that produce a total of 64,800 lumens each, for a grand total of 1,296,000 lumens. This light plant can run for 43 continuous hours without refueling. The hydraulic tower can be extended to 77 feet, and collapsed to 30 feet for a smaller footprint. The telescoping boom is constructed of carbon steel with a galvanized finish and raised from and lowered to the folded position by a single hydraulic ram, and extended or retracted by a second hydraulic system.

An external oil pump system is included with this Megatower, along with robust wind monitoring system that prevents shaking during strong winds to keep the unit damage-free. When exposed to strong winds, such as 40 mph, the system automatically retracts the mast for safe operation. The entire unit is mounted onto a four wheel, dual tandem axle trailer with 12" I-beam construction. The LED light heads are grouped into banks of four. Each bank in wired into the NEMA 3R breaker control box at the base of the mast. Operators control the light heads via an on/off switched breaker per bank of five light heads. The hydraulics are also powered from within this breaker box.

“With over a million lumens of brilliant LED illumination, this Megatower light plant is a viable temporary lighting solution for huge outdoor events and large jobsite lighting,” said Rob Bresnahan, CEO of Larson Electronics LLC. “In addition to its high-powered illumination, this unit is extremely rugged, and features a durable cold weather package that can survive in the roughest conditions comparable with those found in Antarctica.”

*About Larson Electronics LLC: *Larson Electronics LLC is a manufacturer of industrial lighting equipment and accessories. The company offers an extensive catalog of industry-grade lighting and power distribution products for the following sectors: manufacturing, construction, food processing, oil and gas, military, marine and automobile. Customers can benefit from the company’s hands-on, customized approach to lighting solutions. Larson Electronics provides expedited service for quotes, customer support and shipments.

*For further information, please contact:*
Rob Bresnahan, *President and CEO
*Toll-free: 1-800-369-6671
Phone: 214-616-6180
Fax: 903-498-3364
E-mail: sales@larsonelectronics.com

Photos accompanying this announcement are available at

http://resource.globenewswire.com/Resource/Download/2bc1ec43-eb63-4fc9-97a0-79550256ca77

http://resource.globenewswire.com/Resource/Download/6a88d7d9-d712-42bd-91f5-54ffb58e1e01

http://resource.globenewswire.com/Resource/Download/e82d5740-15ea-4507-8fb3-819e114c5eb1

http://resource.globenewswire.com/Resource/Download/e1bdbf18-75bc-46fc-a1d8-30618a6ad8d2

http://resource.globenewswire.com/Resource/Download/02174a1e-de83-4e33-8af6-1e229f7a83ad Reported by GlobeNewswire 44 minutes ago.