Day: February 9, 2022

New Portfolio Leapfrogs the Competition with Innovative Etch Techniques and Chemistries to Support Development of Advanced Logic and Memory Solutions

Lam Research Introduces Groundbreaking Suite of Selective Etch Tools to Accelerate Chipmakers’ 3D Roadmaps

Lam Research’s selective etch portfolio provides a powerful advantage in the design and manufacture of advanced logic and memory semiconductor solutions. Prevos™ and Selis® (pictured) can be delivered as a single, integrated tool to provide unique multi-layer selective etching, improved queue-time control, and maximum production flexibility.

FREMONT, Calif., Feb. 09, 2022 (GLOBE NEWSWIRE) — Lam Research Corp. (NASDAQ: LRCX) today announced a new suite of selective etch products that apply breakthrough wafer fabrication techniques and novel chemistries to support chipmakers in the development of gate-all-around (GAA) transistor structures. Composed of three new products – Argos®, Prevos™ and Selis® – Lam’s selective etch portfolio provides a powerful advantage in the design and manufacture of advanced logic and memory semiconductor solutions.

As modern technologies and devices continue to evolve, the need for greater device density for improved performance and efficiency increases. To keep pace with Moore’s Law, chipmakers are now developing transistor structures vertically – an exceptionally complex process that requires ultra-high selectivity, precision etching and uniform isotropic removal of material without modifying or causing damage to other critical material layers.

Lam Research Introduces Groundbreaking Suite of Selective Etch Tools to Accelerate Chipmakers’ 3D Roadmaps

An engineer with a chamber for Lam Research’s Selis®, a product in its selective etch portfolio. Selis uniquely employs both radical and thermal etch capabilities to enable ultra-high selective etching with uniform top to bottom process control without causing damage to the wafer structure.

Lam’s selective etch solutions provide the ultra-high, tunable selectivity and damage-free material removal required to support advanced logic nanosheet or nanowire formation, enabling chipmakers to make the next evolutionary leap from planar to three-dimensional structures for DRAM as it reaches its planar scaling limit.

Developed in collaboration with the world’s most innovative logic and foundry chipmakers, Lam’s selective etch products are already being used in the fabs of industry leaders like Samsung Electronics to support nearly a dozen critical steps in the advanced logic wafer development process.

“The semiconductor industry is continuously driven toward more powerful and faster device capability. As the density and complexity of the devices have been increasing significantly, selective etch technology is critical to manufacturing our most advanced logic device,” said Dr. Keun Hee Bai, Master of Semiconductor R&D Center at Samsung. “As global demand for Samsung’s technologies continues to soar, we rely on the extensive innovation and capabilities of selective etch to bolster production and accelerate our logic device roadmap toward advanced logic GAA and beyond.”

The Lam selective etch portfolio is composed of three new tools:

• Argos, with revolutionary MARS™ (Metastable Activated Radical Source)
  technology, selectively modifies and decontaminates wafer surfaces. Its groundbreaking treatment and conditioning capabilities enable chipmakers to treat wafer surfaces precisely, optimizing them for peak performance.
• Prevos enables atomic layer precision, ultra-high selectivity etching for oxide, silicon, and metal by combining novel chemistries and innovative vapor technology with agile temperature control. Prevos leverages a new proprietary chemical technology solution developed by Lam; additional chemistries can be added to support chipmakers’ production needs.

• Selis uniquely employs both radical and thermal etch capabilities to enable ultra-high selective etching with uniform top to bottom process control without causing damage to the wafer structure.
• Prevos and Selis can also be delivered as a single, integrated tool to provide unique multi-layer selective etching, improved queue-time control, and maximum production flexibility.

“Lam Research is driving the wafer fabrication advancements needed to support the chip industry’s move to 3D architectures and make the next generation of digital technologies a reality,” said Tim Archer, president and chief executive officer at Lam Research. “For more than 40 years, Lam has led the industry in etch innovation. We are proud to continue that tradition with the delivery of the most cutting-edge suite of selective etch solutions for advanced logic and memory available in the market today.”

To learn more about Lam’s selective etch innovations:

• Read the blog posts from Lam Research president & CEO Tim Archer and Vahid Vahedi, SVP& GM of Lam’s Etch Business Unit
• Visit the Lam Selective Etch portfolio product page

About Lam Research
Lam Research Corporation (NASDAQ: LRCX) is a global supplier of innovative wafer fabrication equipment and services to the semiconductor industry. As a trusted, collaborative partner to the world’s leading semiconductor companies, we combine superior systems engineering capability, technology leadership, and unwavering commitment to customer success to accelerate innovation through enhanced device performance. In fact, today, nearly every advanced chip is built with Lam technology. Lam Research is a FORTUNE 500® company headquartered in Fremont, Calif., with operations around the globe. Learn more at www.lamresearch.com. (LRCX-P)

Caution Regarding Forward-Looking Statements

Statements made in this press release that are not of historical fact are forward-looking statements and are subject to the safe harbor provisions created by the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relate to but are not limited to: the performance of the tools we sell or service including the selective etch products: Argos, Prevos and Selis; the results that our customers can achieve when using our tools; and the need for our tools to achieve customer and end user demands. These statements are based on current expectations and are subject to risks, uncertainties, and changes in condition, significance, value, and effect including those risks and uncertainties that are described in the documents filed or furnished by us with the Securities and Exchange Commission, including specifically the Risk Factors described in our annual report on Form 10-K for the fiscal year ended June 27, 2021, and quarterly report on Form 10-Q for the quarter ended December 26, 2021. These uncertainties and changes could materially affect the forward-looking statements and cause actual results to vary from expectations in a material way. The Company undertakes no obligation to update the information or statements made in this release.

Company Contacts:
Libra White
Media Relations
(510) 572-7725
publicrelations@lamresearch.com

Ram Ganesh
Investor Relations
(510) 572-1615
investor.relations@lamresearch.com

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/64f3539f-1a69-49d7-a5fd-44775d613e2e

https://www.globenewswire.com/NewsRoom/AttachmentNg/c48999c0-022c-4b5c-81cb-32db6036473b

• Philips point-of-care ultrasound technology now includes Pulse Wave Doppler for all physicians – from cardiologists and radiologists to emergency care – to quickly assess hemodynamics in cardiac function anytime, anywhere
• Lumify is also the first and only handheld ultrasound with B-lines software and smart algorithms to enhance heart and lung assessment in severe COVID cases and more

Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced it has expanded its ultrasound portfolio with advanced hemodynamic assessment and measurement capabilities on its handheld point-of-care ultrasound – Lumify. With the addition of Pulse Wave Doppler [1], Philips has greatly expanded the utility of its Handheld Ultrasound – Lumify – enabling clinicians to quantify blood flow in a wide range of point-of-care diagnostic applications – including cardiology, vascular, abdominal, urology, obstetrics and gynecology. Also new to Lumify are obstetric measurements to help in early assessment of gestational age and the identification of high-risk pregnancies.

Point-of-care hemodynamics
Pulse Wave Doppler ultrasound provides clinicians with more information, in addition to 2D and color imaging, to assess hemodynamic patterns to differentiate between arterial and venous blood flow and quantify hemodynamic function. The resulting hemodynamic measurements can  enhance diagnostic confidence and timely clinical decision-making in virtually any care setting, including cardiology and emergency medicine. With these latest features, Philips’ easy-to-use fully integrated handheld ultrasound system – Lumify – brings together imaging tools across ultrasound platforms, leveraging the company’s expertise in cardiology and radiology. The Lumify system also provides clinicians with advanced analysis software and reporting tools, and access to tele-ultrasound capabilities (Lumify with Collaboration Live powered by Reacts) for live communication support to connect clinicians around the globe for real-time collaboration.

“By applying Philips’ expertise in cardiovascular care, imaging and patient monitoring to Philips Handheld Ultrasound – Lumify – we are committed to deliver a dedicated, innovative point-of-care portfolio, enabling clinicians to quickly assess hemodynamics – including cardiovascular function, organ perfusion and fetal assessment – in a daily routine, to identify abnormalities and intervene quickly,” said Matthijs Groot Wassink, General Manager of Point of Care Ultrasound at Philips. “With the addition of Pulse Wave Doppler and enhanced obstetrics measurements, we have increased the number of markers on which diagnoses can be made, to deliver high quality imaging and enhance the evaluation and effectiveness of treatment in real-time.”

“Having Color Flow Doppler (CFD) and Pulse Wave Doppler on a handheld device is game changing, allowing clinicians to take point-of-care ultrasound examinations to the next level,” said Dr. Robert Jones, Professor of Emergency Medicine at the MetroHealth System, Cleveland, Ohio in the U.S.A. Dr. Jones will discuss the clinical advantages and benefits of integrating CFD and Pulse Wave Doppler into the point-of-care ultrasound evaluation of acutely ill and injured patients in the Emergency Department in an upcoming webinar.

Philips B-lines software enhances heart and lung assessments in handheld ultrasound
In addition to adding Pulse Wave Doppler for hemodynamics, Philips is the first and only point-of-care ultrasound solution with B-lines (B-line quantification tool for ultrasound lung imaging) software and intelligent algorithms to enhance heart and lung assessments, which is critical when dealing with severe COVID cases. The pandemic has shown the relevance of lung ultrasound in the diagnosis and treatment of pneumonia, one of the most common complications of COVID-19. AI-enhanced automated algorithms looking for B-lines in lung fluid can help provide more objective data and interpretation.

Increased access to quality care
The continuous scanning, performance and portability of Philips Handheld Ultrasound – Lumify – brings a full diagnostic solution to care professionals at the bedside; both in and outside of the hospital. The innovative technology is also in widespread use in community-based mother and child care programs, providing access to quality healthcare for underserved communities worldwide, including a program in Kenya driven by the Philips Foundation to educate midwives to deliver ultrasound-based antenatal pregnancy screening in village clinics, while receiving telehealth support from radiologists at distance.

For more information on the award-winning Philips Handheld Ultrasound – Lumify – and its tele-ultrasound capabilities (Lumify with Collaboration Live powered by Reacts), visit Philips point-of-care ultrasound for the latest on high-quality portable imaging.

[1] Pulse Wave Doppler measurement is currently available on the Android Lumify app. Availability on the Apple iOS/ iPad iOS Lumify app is scheduled for the future.

For further information, please contact:

Kathy O’Reilly
Philips Global Press Office
Tel. : +1 978-221-8919
E-mail : kathy.oreilly@philips.com
Twitter: @kathyoreilly

About Royal Philips

Royal Philips (NYSE: PHG, AEX: PHIA) is a leading health technology company focused on improving people’s health and well-being, and enabling better outcomes across the health continuum – from healthy living and prevention, to diagnosis, treatment and home care. Philips leverages advanced technology and deep clinical and consumer insights to deliver integrated solutions. Headquartered in the Netherlands, the company is a leader in diagnostic imaging, image-guided therapy, patient monitoring and health informatics, as well as in consumer health and home care. Philips generated 2021 sales of EUR 17.2 billion and employs approximately 78,000 employees with sales and services in more than 100 countries. News about Philips can be found at www.philips.com/newscenter.

Attachments

• Man undergoing ultrasound in ED
• Product shot of Philips Lumify handheld ultrasound

Company Tests Global Community of Innovators; Awards $1M in Prizes to Solve Real World Problems with Graph Technology

REDWOOD CITY, Calif., Feb. 09, 2022 (GLOBE NEWSWIRE) — TigerGraph, provider of a leading graph analytics platform, today launched “Graph for All Million Dollar Challenge,” a global search for innovative ways to harness the power of graph technology and machine learning to solve real world problems. The challenge brings together brilliant minds to build innovative solutions to better our future with one question: How will you change the world with graph? Winners across four main categories will be announced this May at the 2022 Graph + AI Summit, the largest open industry event for graph and AI organized by TigerGraph.

“Every day, more than 2.5 quintillion bytes of data are produced — that’s 18 zeroes,” said Dr. Yu Xu, founder and CEO of TigerGraph. “Within this data are answers to critical health, climate, and business-related questions, and graph technology identifies those patterns across and within the data to find the answers. We’re giving one million dollars to innovators who push the boundaries of graph and AI technology to uncover new, transformational ways to solve real world issues. The challenge is officially on and we look forward to seeing thousands of registrants, hundreds of mind-blowing entries, and countless new ideas and concepts.”

Now considered a must-have technology for modern enterprises, graph is making a difference for companies under tremendous pressures brought on by the pandemic. Over the past 18 months alone, TigerGraph’s technology empowered medical providers to make real-time care recommendations to millions of patients, fueled countless COVID-tracking initiatives, and helped businesses save hundreds of millions of dollars by improving their supply chain decisions.

“TigerGraph’s challenge is structured to stretch the imagination of graph enthusiasts and test its limits,” said Usha Rengaraju, Graph for All Million Dollar Challenge Judge. “I’m excited to see teams coming together to create graph solutions that can impact society or shape the future for companies. There is so much data available in the world waiting to reveal patterns and relationships that will solve important global problems.”

Solving Real Problems
Entrepreneurs, academics, engineers, and scientists have the freedom to create and use their own problem statement focused on a topic they are dedicated to or passionate about. Additionally, domain experts from around the world have contributed problem statements that contestants can select. A few examples include:

• Identify granular concepts that interlink multiple UN Sustainable Development Goals;
• Model the progression of COVID waves to better predict future waves;
• Understand patterns of diagnosis and treatment that point to potential off-label usage of drugs;
• Generate a model for individuals to track their own online information and make better decisions on who has their data, and what is being done with it;
• Add to the climate change knowledge by producing the time-series analysis for newly generated thermokarst lakes to help understand the impact in the polar regions.

Judging Committee
The judging committee includes the world’s brightest and most recognizable data scientists, professors, PhD’s, distinguished engineers, and founders of global companies focusing on artificial intelligence (AI), analytics, knowledge graph, and other industry experts with deep knowledge of graph technology, graph use cases, and graph deployments. Notable panelists include:

• Usha Rengaraju, Principal Data Scientist and founder of NeuroAI
• Juan Sequeda, Principal Scientist at data.world
• Dan McCreary, Distinguished Engineer in AI, Optum
• James Pang Yan, PhD, Co-Director, Master of Science in Business Analytics at National University of Singapore
• Ashleigh Faith, Director, Knowledge Graph and Semantic Search at EBSCO
• Ellie Young, Founder at Common Action

How to Register for the Million Dollar Challenge
The global virtual challenge is open to tech professionals, data scientists, engineers, university students, and researchers interested in discovering what is possible with graph and AI. Notable partners participating in the challenge include Amazon Web Services (AWS), Google Cloud, Google Dev Library, data.world, GitHub, Kubrick Group, Microsoft Azure, Plotly, and Women Who Code.

Registration opens today and the final submission deadline is April 20, 2022. Winners will be announced the week of May 23 at the 2022 Graph + AI Summit, the industry’s only open conference devoted to democratizing and accelerating analytics, AI, and machine learning with graph algorithms, organized by TigerGraph.

How to Win
Contestants will be part of a worldwide competition to solve crucial problems and have an opportunity to share in $1,000,000 in cash prizes.

Entries will be judged based on the project’s impact, creativity, boldness, and adaptability:

• Most Impactful: The project’s level of impact on social good and the community at large
• Most Innovative: The project’s level of ingenuity and the ability to identify new, never-imagined uses of graph
• Most Ambitious: The project’s overall ability to push the boundary of a graph to drive data insights
• Most Applicable: The project’s relevancy to a wide range of organizations

For complete rules and resources, and to register, click here: https://graphforall.devpost.com/

Helpful Links

· Graph for All Million Dollar Challenge
· Graph for All
· Graph + AI Summit
· Get TigerGraph
· TigerGraph Cloud
· TigerGraph Website
· TigerGraph Blog
· TigerGraph on Twitter
· TigerGraph on LinkedIn

About TigerGraph
TigerGraph is a platform for advanced analytics and machine learning on connected data. Based on the industry’s first and only distributed native graph database, TigerGraph’s proven technology supports advanced analytics and machine learning applications such as fraud detection, anti-money laundering (AML), entity resolution, customer 360, recommendations, knowledge graph, cybersecurity, supply chain, IoT, and network analysis. The company is headquartered in Redwood City, California, USA. Start free with tigergraph.com/cloud.

Media Contacts:

North America
Tanya Carlsson
Offleash PR
tanya@offleashpr.com
+1 (707) 529-6139

EMEA
Anne Harding
The Message Machine
anne@themessagemachine.com
+44 7887 682943

APJ
Audrey McGagh
McGagh Communications
audrey.mcgagh@mcgaghcomms.com
+65 6570 9139

The UK’s largest commercial source of news media audience will use Outbrain’s Smartfeed technology to grow revenue and drive engagement

1XL Chooses Outbrain as its Exclusive Recommendation Technology Partner in Multi-Year Deal

1XL Chooses Outbrain as its Exclusive Recommendation Technology Partner in Multi-Year Deal

LONDON, Feb. 09, 2022 (GLOBE NEWSWIRE) — In a release issued under the same headline earlier today by Outbrain Inc. (Nasdaq: OB), please note the following changes are made
– Paragraph 1: “Inc. (Nasdaq: OB)” was included after “Outbrain”
– Paragraph 3: “which allows” is replaced with “which provides tools for”
– Paragraph 4: “Outbrain’s Smartfeed will create prominent brand-safe spaces for advertisers to reach relevant consumers from 1XL’s 26.4 million user-base. Additionally, the deal will support highly targeted and personalized advertising campaigns, as well as feature prominent in-article placements, delivering a premium ad experience for top brands.” is rewritten as “With Outbrain’s Smartfeed, 1XL expects to create prominent brand-safe spaces for advertisers to reach relevant consumers from 1XL’s 30.9 million monthly user-base. Additionally, the deal will support targeted and personalized advertising campaigns, as well as feature prominent in-article placements, delivering a premium ad experience for top brands.” The corrected release follows:

Outbrain Inc. (Nasdaq: OB), a leading recommendation platform for the open web, today announced a new, multi-year deal with 1XL, the UK’s largest source of premium digital news media audiences as well as display inventory.

1XL, a division of Media Concierge and part of the Mediaforce Group, which owns the largest independent sales house in the UK, will adopt Outbrain as its exclusive recommendation provider. The strategic partnership will focus on growing revenue, supporting re-circulation and driving engagement including subscriptions across 1XL’s range of 43 established and trusted local news media publishers, including Newsquest, Johnston Press, Archant, Iliffe Media, and Tindle.

The deal will see 1XL rolling out Outbrain’s Smartfeed technology to diversify its revenue streams. Smartfeed provides customizable, dynamic, and tailored recommendations, which provides tools for media owners to optimize the user experience, improve engagement, and revenue. It acts as a blank canvas on which a suite of unique cards can be used to deliver editorial, monetization, and specific revenue goals, generating a 20% RPM uplift, when compared to Outbrain’s standard widgets.

With Outbrain’s Smartfeed, 1XL expects to create prominent brand-safe spaces for advertisers to reach relevant consumers from 1XL’s 30.9 million monthly user-base. Additionally, the deal will support targeted and personalized advertising campaigns, as well as feature prominent in-article placements, delivering a premium ad experience for top brands.

“Outbrain’s commitment to championing the open web and journalistic independence aligns with our mission to nurture a healthy presence of local publishers throughout the country,” said Scott Gill, Managing Director at 1XL. “Regional news outlets are essential to the UK’s democratic society and are an essential hub for local communities. Outbrain is a trusted and established partner whose best-in-class recommendation solution will support a range of growth objectives and, we feel, act in the interests of our publishers and their readers.”

“We consider the 1XL co-operative and its constituent publishers and sites valued partners that share our passion for providing unique, relevant, and engaging content,” said James Milne, Managing Director Northern Europe at Outbrain. “Overall, our placements, including our rich and highly viewable native in-article formats, will enhance the reader experience, diversify 1XL’s monetization strategies and bolster engagement. As a trusted partner, we are excited about the value our Smartfeed technology can offer across some of the UK’s oldest and most respected local news titles.”

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws, which statements involve substantial risks and uncertainties. Forward-looking statements generally relate to possible or assumed future results of our business, financial condition, results of operations, liquidity, plans and objectives. You can generally identify forward-looking statements because they contain words such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these terms or other similar expressions that concern our expectations, strategy, plans or intentions. We have based these forward-looking statements largely on our current expectations and projections regarding future events and trends that we believe may affect our business, financial condition and results of operations. The outcome of the events described in these forward-looking statements is subject to risks, uncertainties and the risks described in the section entitled “Risk Factors” and elsewhere in the Quarterly Report on Form 10-Q filed for the quarter ended September 30, 2021 and in subsequent reports filed with the Securities and Exchange Commission. Accordingly, you should not rely upon forward-looking statements as predictions of future events. We cannot assure you that the results, events and circumstances reflected in the forward-looking statements will be achieved or occur, and actual results, events or circumstances could differ materially from those projected in the forward-looking statements. We undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events. We do not assume any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

About Outbrain

Outbrain (Nasdaq: OB) is a leading recommendation platform for the open web. Our technology enables 10 billion daily recommendations to consumers across more than 7,000 online properties and connects advertisers to these audiences to grow their business. Founded in 2006, Outbrain is headquartered in New York with offices in 18 cities worldwide.

About 1XL
1XL is a digital media display proposition comprised of 43 local and regional news publishers. With over 700 sites throughout the UK and Ireland, and a de-duplicated unique user reach of 30.9 million monthly (67% UK active user reach – comScore) our offering provides at-scale access to over half of the UK digital population across highly trusted established news titles. In an era of constantly changing news habits and business models, our news brands remain a consistent part of our readers’ lives. With our established news sites and accompanying social media channels, specialist titles, and content micro-hubs, the 1XL portfolio offers the scale exceeding that of a national Newsbrand with the ability to reach users against almost every geographically and contextually relevant environment. 1XL is a division of Media Concierge which is part of the Mediaforce Group.

Media Contact 
press@outbrain.com

Investor Relations Contact 
IR@outbrain.com
(332) 205-8999

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/82579585-f906-4b42-96de-4d7d6cf083b4

Parties sign Memorandum of Understanding providing for MHA Nation to be gas supplier for clean hydrogen production

Bismarck, ND and Westlake Village, CA, Feb. 09, 2022 (GLOBE NEWSWIRE) — Clean hydrogen infrastructure developer Bakken Energy and its partner Mitsubishi Power Americas Inc. have signed a Memorandum of Understanding with the Mandan, Hidatsa, and Arikara (MHA) Nation laying the groundwork for MHA Nation to become the natural gas supplier for the Great Plains Hydrogen Hub.

“The MHA Nation is excited to become part of this world class clean hydrogen development,” said Mark N. Fox, Chairman of the MHA Nation. “Natural gas from the Fort Berthold Indian Reservation will enable the clean energy we need to save our planet, and in the process will allow us to put in place the infrastructure needed to end the excessive flaring of natural gas on our lands, improving the quality of life of our members.”

“I believe it is possible to develop the clean energy our country needs while doing good in local communities,” said Jim Sinegal, Costco co-founder, retired CEO and a major shareholder in Bakken Energy. “Partnering with the MHA Nation allows our Great Plains Hydrogen Hub to do just that.”

“Bakken Energy’s Great Plains Hydrogen Hub is a bold undertaking, but we embrace it and we welcome with open arms the MHA Nation as a partner in this project,” said Steven Lebow, Chairman and Founder of Bakken Energy.  “For us, the Hub is the beginning of building the next great company in the clean energy field, focused on making clean, affordable hydrogen available to drive hydrogen adoption and accelerate decarbonization.”

The Great Plains Hydrogen Hub is the redevelopment of Basin Electric Power Cooperative’s Great Plains Synfuels Plant, originally built in 1984, will serve the upper Midwest and is expected to be commercially operational in early 2027 when it will be one of the largest clean hydrogen production facilities in the United States with a gross production capacity of 348,000 metric tons/year of clean hydrogen and the cost of production will be the lowest in the country. The Great Plains Hydrogen Hub will be a regional hub, producing, delivering, and storing clean hydrogen for transportation, agriculture and other decarbonization needs in the upper Midwest. By using state-of-the-art auto thermal reforming, carbon capture and sequestration, the hydrogen will be 96% carbon-free. This transition to clean hydrogen production will cut carbon emissions by an estimated six million metric tons per year, or the equivalent of the carbon emitted from one million cars. The capital cost of the project is estimated to be $2 billion.

“Our Great Plains Hydrogen Hub achieves the objectives of the Department of Energy’s Hydrogen Shot – large scale clean hydrogen production at $1/kg by 2030 – and it does so years ahead of time,” said Mike Hopkins, CEO of Bakken Energy. “The redevelopment gives us an unbeatable cost advantage which will enable the build out of infrastructure that will benefit additional hydrogen production, including hydrogen from renewables, on our way to becoming the largest and lowest cost producer of clean hydrogen in the country.”

“The energy transition requires unprecedented collaboration. Partnering with the MHA Nation will enable us to build out the hydrogen infrastructure in the Midwest cost effectively and help accelerate the energy transition. The North Dakota hydrogen hub is critical to achieving net-zero.” said Bill Newsom, President and CEO of Mitsubishi Power Americas, Inc. “Together with our partners, we are creating a Change in Power.”

“The State of North Dakota looks forward to being the home of the Great Plains Hydrogen Hub, which will be a key contributor to achieving our goal of carbon neutrality by 2030 and a key player in the emerging hydrogen economy,” said North Dakota Gov. Doug Burgum. “This partnership between MHA Nation and Bakken Energy will add value to North Dakota’s abundant natural gas resources while also advancing our shared goal of reducing flaring. We support hydrogen development as part of our all-of-the-above energy approach and efforts to create jobs, diversify our economy and bolster U.S. energy security.”

About Mandan, Hidatsa, and Arikara Nation

The Mandan, Hidatsa and Arikara (MHA) Nation, also known as the Three Affiliated Tribes, is a federally recognized Indian tribe located on the Fort Berthold Indian Reservation in central North Dakota. The Reservation surrounds the Missouri River and consists of approximately 1 million acres. The MHA Nation is engaged in the responsible development of the vast oil and gas resources on the Reservation, with Reservation production accounting for about 20 percent of production in the state of North Dakota. There are currently over 16,900 enrolled members with nearly 40 percent of those members residing on the reservation. The Nation employs close to 1500 individuals who assist in providing tribal services and administering various federal and non-federal programs. The mission of the Three Affiliated Tribes is to provide to the Tribe and people, maximum quality services, by being responsible, accountable, respectful, caring, and incorporating the traditional values of its elders and ancestors. For more information visit the MHA Nation website.

About Bakken Energy, LLC

Bakken Energy, LLC, is a clean hydrogen infrastructure development company that intends to be the largest and lowest cost producer of clean hydrogen in the country, starting with the creation of the Great Plains Hydrogen Hub. Bakken Energy was formed from the Family Office of Founder and Chairman Steven Lebow. Previously Lebow founded and co-led Donaldson, Lufkin & Jenrette’s (DLJ) Los Angeles office and created and led GRP Partners, a U.S. and European venture capital firm. From almost day one, he was the primary financier for companies including Costco Wholesale, PetSmart, Dick’s Sporting Goods, Envestnet, Bill Me Later (sold to PayPal) and ULTA Beauty. For more information, visit the Bakken Energy website and follow us on LinkedIn.

About Mitsubishi Power Americas, Inc.

Mitsubishi Power Americas, Inc. (Mitsubishi Power) headquartered in Lake Mary, Florida, employs more than 2,300 power generation, energy storage, and digital solutions experts and professionals. Our employees are focused on empowering customers to affordably and reliably combat climate change while also advancing human prosperity throughout North, Central, and South America. Mitsubishi Power’s power generation solutions include gas, steam, and aero-derivative turbines; power trains and power islands; geothermal systems; PV solar project development; environmental controls; and services. Energy storage solutions include green hydrogen, battery energy storage systems, and services. Mitsubishi Power also offers intelligent solutions that use artificial intelligence to enable autonomous operation of power plants. Mitsubishi Power is a power solutions brand of Mitsubishi Heavy Industries, Ltd. (MHI). Headquartered in Tokyo, Japan, MHI is one of the world’s leading heavy machinery manufacturers with engineering and manufacturing businesses spanning energy, infrastructure, transport, aerospace, and defense. For more information, visit the  Mitsubishi Power Americas website and follow us on LinkedIn.

Attachment

• Mitsubishi Power

Alison Ritter
Bakken Energy, LLC 
701-557-7545
aritter@odney.com

The UK’s largest commercial source of news media audience will use Outbrain’s Smartfeed technology to grow revenue and drive engagement

1XL Chooses Outbrain as its Exclusive Recommendation Technology Partner in Multi-Year Deal

1XL Chooses Outbrain as its Exclusive Recommendation Technology Partner in Multi-Year Deal

LONDON, Feb. 09, 2022 (GLOBE NEWSWIRE) — Outbrain, a leading recommendation platform for the open web, today announced a new, multi-year deal with 1XL, the UK’s largest source of premium digital news media audiences as well as display inventory.

1XL, a division of Media Concierge and part of the Mediaforce Group, which owns the largest independent sales house in the UK, will adopt Outbrain as its exclusive recommendation provider. The strategic partnership will focus on growing revenue, supporting re-circulation and driving engagement including subscriptions across 1XL’s range of 43 established and trusted local news media publishers, including Newsquest, Johnston Press, Archant, Iliffe Media, and Tindle.

The deal will see 1XL rolling out Outbrain’s Smartfeed technology to diversify its revenue streams. Smartfeed provides customizable, dynamic, and tailored recommendations, which allows media owners to optimize the user experience, improve engagement, and revenue. It acts as a blank canvas on which a suite of unique cards can be used to deliver editorial, monetization, and specific revenue goals, generating a 20% RPM uplift, when compared to Outbrain’s standard widgets.

Outbrain’s Smartfeed will create prominent brand-safe spaces for advertisers to reach relevant consumers from 1XL’s 26.4 million user-base. Additionally, the deal will support highly targeted and personalized advertising campaigns, as well as feature prominent in-article placements, delivering a premium ad experience for top brands.

“Outbrain’s commitment to championing the open web and journalistic independence aligns with our mission to nurture a healthy presence of local publishers throughout the country,” said Scott Gill, Managing Director at 1XL. “Regional news outlets are essential to the UK’s democratic society and are an essential hub for local communities. Outbrain is a trusted and established partner whose best-in-class recommendation solution will support a range of growth objectives and, we feel, act in the interests of our publishers and their readers.”

“We consider the 1XL co-operative and its constituent publishers and sites valued partners that share our passion for providing unique, relevant, and engaging content,” said James Milne, Managing Director Northern Europe at Outbrain. “Overall, our placements, including our rich and highly viewable native in-article formats, will enhance the reader experience, diversify 1XL’s monetization strategies and bolster engagement. As a trusted partner, we are excited about the value our Smartfeed technology can offer across some of the UK’s oldest and most respected local news titles.”

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws, which statements involve substantial risks and uncertainties. Forward-looking statements generally relate to possible or assumed future results of our business, financial condition, results of operations, liquidity, plans and objectives. You can generally identify forward-looking statements because they contain words such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these terms or other similar expressions that concern our expectations, strategy, plans or intentions. We have based these forward-looking statements largely on our current expectations and projections regarding future events and trends that we believe may affect our business, financial condition and results of operations. The outcome of the events described in these forward-looking statements is subject to risks, uncertainties and the risks described in the section entitled “Risk Factors” and elsewhere in the Quarterly Report on Form 10-Q filed for the quarter ended September 30, 2021 and in subsequent reports filed with the Securities and Exchange Commission. Accordingly, you should not rely upon forward-looking statements as predictions of future events. We cannot assure you that the results, events and circumstances reflected in the forward-looking statements will be achieved or occur, and actual results, events or circumstances could differ materially from those projected in the forward-looking statements. We undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events. We do not assume any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

About Outbrain

Outbrain (Nasdaq: OB) is a leading recommendation platform for the open web. Our technology enables 10 billion daily recommendations to consumers across more than 7,000 online properties and connects advertisers to these audiences to grow their business. Founded in 2006, Outbrain is headquartered in New York with offices in 18 cities worldwide.

About 1XL
1XL is a digital media display proposition comprised of 43 local and regional news publishers. With over 700 sites throughout the UK and Ireland, and a de-duplicated unique user reach of 30.9 million monthly (67% UK active user reach – comScore) our offering provides at-scale access to over half of the UK digital population across highly trusted established news titles. In an era of constantly changing news habits and business models, our news brands remain a consistent part of our readers’ lives. With our established news sites and accompanying social media channels, specialist titles, and content micro-hubs, the 1XL portfolio offers the scale exceeding that of a national Newsbrand with the ability to reach users against almost every geographically and contextually relevant environment. 1XL is a division of Media Concierge which is part of the Mediaforce Group.

Media Contact 
press@outbrain.com

Investor Relations Contact 
IR@outbrain.com
(332) 205-8999

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/82579585-f906-4b42-96de-4d7d6cf083b4