SOLAR+STORAGE

SunPower Corporation Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit - SPWR

Robbins Geller Rudman & Dowd LLP | February 21, 2022

The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers of SunPower Corporation securities between August 3, 2021 and January 20, 2022, inclusive have until April 18, 2022 to seek appointment as lead plaintiff in Jaszczyszyn v. SunPower Corporation, No. 22-cv-00956. Commenced on February 16, 2022, the SunPower class action lawsuit charges SunPower and certain of its top executives with violations of the Securities Exchange Act of 1934.

Case Allegations
SunPower is a solar energy company that provides hardware, software, and financing options for customers.

The SunPower class action lawsuit alleges that, throughout the Class Period, defendants made false and misleading statements and failed to disclose that: (i) certain connectors used by SunPower suffered from cracking issues; (ii) as a result, SunPower was reasonably likely to incur costs to remediate the faulty connectors; (iii) consequently, SunPower's financial results would be adversely impacted; and (iv) thus, defendants' positive statements about SunPower's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

On January 20, 2022, SunPower announced that it had "identified a cracking issue that developed over time in certain factory-installed connectors."  SunPower "expects approximately $27 million of supplier-quality related charges in fourth quarter 2021 and approximately $4 million in the first quarter of 2022" to replace the faulty connectors.  On this news, SunPower's share price fell nearly 17%, damaging investors.

The Lead Plaintiff Process
The Private Securities Litigation Reform Act of 1995 permits any investor who purchased SunPower securities during the Class Period to seek appointment as lead plaintiff in the SunPower class action lawsuit.  A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class.  A lead plaintiff acts on behalf of all other class members in directing the class action lawsuit.  The lead plaintiff can select a law firm of its choice to litigate the class action lawsuit.  An investor's ability to share in any potential future recovery of the class action lawsuit is not dependent upon serving as lead plaintiff.

About Robbins Geller Rudman & Dowd LLP
With 200 lawyers in 9 offices nationwide, Robbins Geller Rudman & Dowd LLP is the largest U.S. law firm representing investors in securities class actions.  Robbins Geller attorneys have obtained many of the largest shareholder recoveries in history, including the largest securities class action recovery ever – $7.2 billion – in In re Enron Corp. Sec. Litig.  The 2020 ISS Securities Class Action Services Top 50 Report ranked Robbins Geller first for recovering $1.6 billion for investors that year, more than double the amount recovered by any other securities plaintiffs' firm.

Spotlight

Danielle discusses the pride she and her fellow Union Gas team members have for their company and the services they provide.


Other News
FOOD SYSTEMS

Huawei Launches PowerPOD 3.0, a New Generation of Power Supply System

Huawei | May 30, 2022

During the Huawei Next-Generation Data Center Facility launch event, Fei Zhenfu, CTO of Huawei Data Center Facility Team, released a new generation of power supply solution—PowerPOD 3.0. Through core technology innovation and component convergence, the solution optimizes the layout and builds a worry-free data center power supply system that saves footprint, power, and time. By using an innovative converged architecture and the industry's ultra-high-density UPS5000-H, the power density per cabinet is increased and the space layout of the power supply system is optimized. The number of cabinets is reduced from 22 to 11, resulting in a significant footprint decrease. In a 12 MW data center, for example, the footprint saved by the PowerPOD 3.0 solution allows for deploying more than 170 additional racks compared with a traditional power supply solution. Power saving: 70% lower consumption The link efficiency of a traditional power supply solution is generally lower than 94.5%. In contrast, PowerPOD 3.0 raises the efficiency up to 97.8% while shortening the link length. In addition, the UPS5000-H delivers an efficiency of 99.1% in S-ECO mode, effectively reducing power consumption. Using the PowerPOD 3.0 in a 12 MW data center will save nearly 300,000 U.S. dollars each year. Time saving: 75% shorter delivery A traditional power supply solution requires about 35 copper bars and 180 cables to be connected onsite, resulting in high-quality risks and a delivery period of 2 months. The PowerPOD 3.0 uses tray-alike prefabricated busbars for internal connections. With prefabrication and commissioning completed in the factory, onsite construction can be completed only in 2 weeks, accelerating service rollout for customers. Worry free: 40% lower fault rate in SLA Based on the concept of "autonomous driving" and AI technologies, the PowerPOD 3.0 is armed with iPower intelligent feature, which provides two-layer reliable designs for end-to-end visibility as well as AI temperature prediction, life prediction of key components, and intelligent setting. Automatic and predictive O&M becomes possible. Data centers are evolving towards high density and large scale. As the "heart" of a data center, the power supply system must not only ensure safety and reliability throughout its life cycle to match the growth in demand, but also integrate all equipment in the power supply chain in an innovative way to create more value for customers.

Read More

STRATEGY AND BEST PRACTICES

MORGENROT SHOWCASE INTERACTIVE, ULTRA-HIGH RESOLUTION RENDERING TECHNOLOGY

MORGENROT | August 09, 2022

Morgenrot, the cloud-based distributed computing power solution provider announces the showcase of its latest technology development, "MASAMUNE™",interactive rendering solution at SIGGRAPH 2022. "MASAMUNE™" is a cost-effective remote-and-immersive interactive streaming solution. The showcase will demonstrate its integration capability, realizing scalable and interactive rendering with photorealistic path-tracing and rasterization, on clustered systems with multiple display configurations. It will also highlight how Morgenrot is able to work with partners to integrate their technology in a scalable manner from CAVE systems to streaming solutions on mobile browsers without imposing heavy tasks. Morgenrot's interactive rendering technology has a wide range of real-world applications especially in the field of tomography used in multiple areas of science, quantum computing, radiology etc. Distributed data centers powered by renewable energy Morgenrot offers cloud based distributed computing solutions that allow end users to tap on high performance computing power anytime anywhere as they need. Our proprietary algorithm Excalibur ® based platform distributes computing tasks across our data center network, and significantly improve overall performance reducing project time and cost. Morgenrot builds containerized server solutions operated by green power. We work with renewable energy providers such as wind farm operators to place our containerized data centers next to the wind farms and tap renewable electricity to generate green data. Morgenrot offers various rendering services to meet customer needs Render Pool® : Using GPU servers for massively distributed parallel processing powers, RenderPool ® performs high-speed rendering at a low cost. By applying our distributed computing service, 292 hours of local rendering time could be reduced to 15 hours. Morgenrot offers customized solutions that is tailored to each customer needs. M:CPP ™: Our cloud GPU service uses the latest technology of AMD and NVIDIA's high-end GPUs targeted for various GPU based computation workloads. M:CPP frees up the problems that come up with platform selection such as cost, specifications, performance, etc. to provide GPU resources quickly for engineers to concentrate on project. Voxel Pool ™: Morgenrot, In collaboration with Hokkaido University , developed the next generation tomography solution that delivers visualization of 3D volumetric data that bundles a huge amount of 2D images taken at ultra high resolution (technology showcase only). About Morgenrot Morgenrot is an engineering driven startup company that provides high performance computing power to anybody who is hungry for computing power anytime anywhere at a low cost. Morgenrot operates over 1,000 servers and plans to expand Japan's borders to provide computing power across all industries including content creation, automotive and industrial designs, medical, and various R&D fields. Morgenrot provides computing power to our customers, through human and earth-friendly digital social infrastructure.

Read More

ENERGY

Andersen Corporation and Ubiquitous Energy Announce Plans to Develop First Energy Generating Windows and Doors Without Aesthetic Compromises

Andersen Corporation | August 18, 2022

Andersen Corporation, manufacturer of the #1 innovative window and door brand*, and Ubiquitous Energy, the world leader in transparent solar technology, have entered into an agreement to jointly develop a first-of-its-kind energy generating window and door products.The companies are working together to bring products to market that will revolutionize solar generation for residential and light commercial buildings. The products will leverage Ubiquitous Energy's UE Power™ technology, the only patented and visibly transparent photovoltaic glass coating that harnesses solar power to generate electricity, while remaining almost indistinguishable from traditional windows. With this revolutionary technology, the products the companies are jointly developing are intended to bring renewable energy generation to windows and doors while providing a clear, natural experience that is similar to what is expected from traditional windows and doors. "By combining Andersen's expertise in crafting innovative window and door products that deliver quality, design aesthetic and energy efficiency with the unique properties of UE Power™ technology, our vision is to develop products that go beyond energy efficiency to energy generation, This is a powerful opportunity to leverage our industry leadership, product development expertise and manufacturing capabilities to help bring innovative new products to the marketplace that will improve the homeowner experience and make the world a better place." -Brandon Berg, senior vice president, research, development and innovation, Andersen Corporation. Andersen is a leading investor in Ubiquitous Energy and a longtime pioneer in the window and door industry with more than 225 patents to its name over time. Andersen's investment in Ubiquitous Energy represents the company's future-focused interest in advancing the fenestration industry with disruptive technology solutions that have the potential to elevate the industry and contribute to a healthier environment. The companies began their relationship with an investment from Andersen in Ubiquitous Energy's Series B financing in 2021. Since then, Ubiquitous Energy has demonstrated significant progress, validating its large area coating equipment with the ability to uniformly coat floor-to-ceiling glass in addition to advancing its next-generation materials pipeline using artificial intelligence. UE Power™ technology serves as a visibly transparent solar panel that adds renewable energy generation capability to window and door glass while maintaining visual aesthetics. Ubiquitous Energy is actively raising funding to accelerate commercialization efforts, including funding for a U.S.-based manufacturing facility that will supply the first transparent solar window and door units to Andersen and other partners and customers. We are excited to continue to deepen our relationship with Andersen to together create the first UE Power™ window and door products for residential and light commercial buildings. Our companies have a shared goal of changing the way the world uses solar power and positively impacting the environment in a big way without compromising aesthetics or function, said Susan Stone, chief executive officer, Ubiquitous Energy. ABOUT ANDERSEN CORPORATION Andersen was founded in 1903 on the philosophy of working "all together" to deliver on its promise to its customers. Every day, the company's more than 13,000 employees are empowered to imagine what's possible and do what's right. Andersen delivers products for the way people live, unmatched performance for the comfort and security homeowners desire, and endless design options to achieve any style. Headquartered in Bayport, Minn., Andersen Corporation and its subsidiaries manufacture and market window and door products under the Andersen®, Renewal by Andersen®, EMCO® and MQ™ brands. Andersen, a privately held company, operates manufacturing sites across North America and Europe. Andersen has earned the U.S. Environmental Protection Agency's 2022 ENERGY STAR® Partner of the Year – Sustained Excellence Award. Visit us at andersenwindows.com. Follow us on Facebook @AndersenWindows, Twitter @AndersenWindows, and Instagram @andersen_windows. ABOUT UBIQUITOUS ENERGY, INC. Founded in 2011, Ubiquitous Energy was started by a group of MIT and MSU scientists and engineers looking for new ways to reduce humanity's carbon footprint by seamlessly integrating solar power technology into everyday products and surfaces. With nearly 200 global patent filings, Ubiquitous Energy has the world's leading transparent solar technology – the conversion of light into electricity using semiconducting materials all while maintaining visible transparency. To both residential and commercial building occupants, Ubiquitous Energy's solar windows provide a clear, vibrant experience that is expected from traditional Low-E windows, but with self-contained, on-board power and smart functionality. For more information please visit us at www.ubiquitous.energy or connect with us via LinkedIn.

Read More

FOOD SYSTEMS

FleishmanHillard Launches Offering to Help Brands Build Learning Labs for Web3, Metaverse and Emerging Platforms

FleishmanHillard | June 03, 2022

FleishmanHillard's Media + Platforms (M + P) practice announced the launch of learning lab environments to help brands explore the impact of the metaverse, Web3 and emerging digital media platforms. The offering includes a combination of an existing training series and planning workshop, along with hands-on experience in a custom-built environment where brands can gain the strategic and technical expertise needed to communicate and market in these new platforms. "It's time to help clients move beyond the hype headlines of today and see what's possible in emerging technologies, including how to use them now and prepare for the future, Our offering helps teams develop new skills and strategies in a customized, curated learning lab environment based on the client's industry, culture and business goals." -Ephraim Cohen, global managing director of Media + Platforms, FleishmanHillard. The capability will be overseen by Jared Carneson, a FleishmanHillard senior partner, who, as part of the Media + Platforms global leadership team, leads the development of capabilities around emerging platforms. The new Media + Platforms offering includes three components to help clients learn, plan and begin developing the skills needed for the future: The new offering leverages media, digital and technology expertise from across FleishmanHillard's Media + Platforms practice, which unites media relations, social influencer, brand content and digital platform experts into one integrated, innovative community to deliver maximum impact for clients across earned, owned and paid channels. About FleishmanHillard FleishmanHillard specializes in public relations, reputation management, public affairs, brand marketing, digital strategy, social engagement and content strategy. FleishmanHillard was named 2021 PRovoke Global Agency of the Year, 2021 ICCO Network of the Year, 2021 Campaign Global PR Agency of the Year, 2022 PRWeek U.S. Agency of the Year and Outstanding Extra-Large Agency of the Year; 2021 PRovoke APAC Consultancy of the Year; 2021 PRWeek UK Large Consultancy of the Year; Human Rights Campaign Best Places to Work for LGBTQ Equality 2018-2021; and to Seramount's (formerly Working Mother Media) "Top Companies for Executive Women" list 2010-2021. FleishmanHillard is part of Omnicom Public Relations Group, and has nearly 80 offices in more than 30 countries, plus affiliates in 45 countries.

Read More