Hover Energy Establishes Asia-Pacific Headquarters in Singapore

DALLAS (PRWEB) October 20, 2017

Hover Energy, LLC (“Hover” or the “Company”) announced today that it has expanded its presence in the Asia-Pacific region by establishing a regional headquarters in Singapore from which to grow its wind power business.

“We look forward to increasing our Company’s presence in Asia, which we believe will be the fastest growing renewable energy market for the foreseeable future,” commented Albert McLelland, Chief Executive Officer of Hover. “Singapore will be an ideal regional hub for us.” Mr. McLelland is scheduled to attend the Asia Clean Energy Summit in Singapore on October 24 – 26.

Hover’s wind technology provides onsite, high-density renewable energy at a competitive price. The Company’s patented, vertical-axis wind power generator capitalizes on significant aerodynamic advances in the form of a Hover Array System designed to provide meaningful power to the built environment. The Company believes that its low-noise, low-vibration product is ideally suited to address an underserved global wind and solar market that will likely attract more than $4 trillion over the next 20 years.

Mr. Goh Chee Kiong, Executive Director, Cleantech of the Singapore Economic Development Board (“EDB”), commented, “In line with Singapore’s position as the leading clean energy hub for the region, companies continue to use Singapore as the springboard to undertake innovation development, project development, and financing to serve Asia. We are pleased that Hover’s Asia-Pacific operations and novel wind technology will add to the vibrant clean energy ecosystem in Singapore.”

Hover’s Managing Director of Asia, David Chong, added, “Singapore’s highly-skilled engineers and advances in intellectual property make it the best location for our Asia-Pacific headquarters. The country is on the cutting edge of sustainability with projects like the Renewable Energy Integration Demonstrator Singapore (REIDS) on Semakau Island. We look forward to integrating our Hover Array Systems into Singapore’s existing renewable energy infrastructure in order to boost the power available from onsite wind generation projects in Singapore and throughout the region.”

About Hover Energy, LLC

Hover Energy, LLC possesses a transformative wind power generation technology. The Company expects to remake the onsite wind energy market by providing an impactful wind power solution with high energy density and a wide range of applications, including the built environment. Additional information is available at http://www.hoverenergy.com.


Forward-Looking Statements

This news release may contain statements concerning the development and completion of a wind power generation technology and the timing of its delivery, as well as other expectations, plans, goals, objectives, assumptions and information about future events, efficiency, outcomes, applications, conditions, results of operations or performance that may constitute forward-looking statements or information under applicable securities legislation. Such forward-looking statements or information are based on a number of assumptions, which may prove to be incorrect.

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OpenGov Acquires Citizen Engagement Leader Peak Democracy

OpenGov Acquires Citizen Engagement Leader Peak Democracy

Peak Democracy’s Open Town Hall and OpenGov’s integrated Smart Government Cloud ushers in new wave of citizen engagement

PR Newswire

REDWOOD CITY, Calif., Oct. 20, 2017 /PRNewswire-USNewswire/ – Today, OpenGov – the leader in government budgeting, operational performance, and citizen engagement solutions – expands its platform with the acquisition of Peak Democracy. Peak Democracy’s core product, Open Town Hall, will be integrated into OpenGov’s easy-to-use, integrated Smart Government Cloud, which features robust solutions for Budgeting, Operational Performance, and Citizen Engagement.

“OpenGov’s mission is to power more effective and accountable government,” said Zachary Bookman, CEO and Co-Founder of OpenGov. “Peak Democracy joining OpenGov enables us to offer the industry’s most complete Citizen Engagement solution, and adds a participatory budgeting capability to OpenGov Budget Builder. Using OpenGov, governments can now share their stories via data, narratives, and multimedia; solicit feedback from citizens; and incorporate the feedback into their plans, budgets, and day-to-day operations.”

This acquisition is a milestone for OpenGov that comes on the heels of several other announcements: the company closed a $30 million Series C funding round led by Emerson Collective (bringing total funding raised to date to $80 million); nearly 100 customers have adopted the company’s Budgeting solution in less than one year; and major enhancements have been made to the company’s Operational Performance solution (including the introduction of Performance Measures).

“Teaming up with OpenGov was a no-brainer given we have such complementary products and similar missions – to build public trust and to power more effective and accountable government,” said Peak Democracy CEO and Co-Founder Robert Vogel. “This deal is great news for our customers because OpenGov will invest heavily in making Open Town Hall an even more effective channel for engaging citizens.”

Peak Democracy is OpenGov’s second acquisition. In April of 2016, OpenGov acquired Ontodia – the leading provider of open data solutions using CKAN, the premier open-source standard used by thousands of governments around the world. Since then, Since then, OpenGov has successfully integrated the company’s team and technology, become the top contributor to the open source CKAN standard in the U.S., and helped numerous forward-thinking cities like Boston launch the next generation of open data portals.

About OpenGov


is the leader in government budgeting, operational performance, and citizen engagement solutions. It’s mission is to power more effective and accountable government.

Over 1,600 public agencies in 48 states are part of the growing OpenGov network. Founded in 2012, OpenGov customers include the State Treasurer of Ohio, the city of Minneapolis, MN; Maricopa County, AZ; and Washington, DC. OpenGov is backed by Andreessen Horowitz, Emerson Collective, 8VC, and Thrive Capital and has headquarters in Redwood City, CA.

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Swank Capital and Cushing® Asset Management Announce a Constituent Change to The Cushing® 30 MLP Index

Swank Capital and Cushing® Asset Management Announce a Constituent Change to The Cushing® 30 MLP Index

PR Newswire

DALLAS, Oct. 20, 2017 /PRNewswire/ — Swank Capital, LLC and Cushing® Asset Management, LP announce an upcoming interim change to the constituents of The Cushing® 30 MLP Index (the “Index”). On August 14, 2017, Index constituents Andeavor Logistics LP (NYSE: ANDX) and Western Refining Logistics, LP (NYSE: WNRL) announced an Agreement and Plan of Merger wherein WNRL would be acquired by ANDX, subject to the consent of holders of at least a majority of the WNRL common units. The companies announced on September 28, 2017, that sufficient consent had been received and that the merger is expected to close on October 30, 2017. As a result of the merger, after the market closes on October 27, 2017, and effective on October 30, 2017, WNRL will be removed from the Index and replaced with Boardwalk Pipeline Partners, LP (NYSE: BWP) at WNRL’s then-current weight.

There will be no changes to the remaining constituents of the Index.


The Cushing® 30 MLP Index tracks the performance of 30 publicly traded MLP securities that hold midstream energy infrastructure assets in North America, chosen according to a formula-based proprietary valuation model developed by Cushing® Asset Management, LP to rank MLPs for potential inclusion in the Index. The Index price level is calculated by S&P Dow Jones Indices and reported on a real-time basis under the Bloomberg ticker “MLPX”.


Cushing® Asset Management, LP (“Cushing“), a subsidiary of Swank Capital, LLC, is an SEC-registered investment adviser headquartered in Dallas, Texas. Cushing serves as investment adviser to affiliated funds and managed accounts which invest primarily in securities of MLPs and other natural resource companies.

Cushing is also dedicated to serving the needs of MLP and energy income investors by sponsoring a variety of industry benchmarks, including The Cushing® MLP Market Cap Index (Bloomberg Ticker: CMCI), The Cushing® MLP High Income Index (Bloomberg Ticker: MLPY), The Cushing® Energy Index (Bloomberg Ticker: CENI), The Cushing® Energy Supply Chain Index (Bloomberg Ticker: CSCI), The Cushing® Transportation Index (Bloomberg Ticker: CTRI) and The Cushing® Utility Index (Bloomberg Ticker: CUTI). For more information, please visit http://www.cushingasset.com/indices.

Judson Redmond

The Cushing® 30 MLP Index (the “Index”) is the exclusive property of Swank Capital, LLC, and Cushing Asset Management, LP, which have contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) (“S&P Dow Jones Indices”) to calculate and maintain the Index. S&P® is a registered trademark of Standard & Poor’s Financial Services LLC (“SPFS”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and, these trademarks have been licensed to S&P Dow Jones Indices. “Calculated by S&P Dow Jones Indices” and its related stylized mark(s) have been licensed for use by Swank Capital, LLC, and Cushing Asset Management, LP. Neither S&P Dow Jones Indices, SPFS, Dow Jones nor any of their affiliates sponsor and promote the Index and none shall be liable for any errors or omissions in calculating the Index.



View original content:http://www.prnewswire.com/news-releases/swank-capital-and-cushing-asset-management-announce-a-constituent-change-to-the-cushing-30-mlp-index-300540315.html

SOURCE Cushing Asset Management, LP; Swank Capital, LLC