Daily Archives: October 29, 2015

Avis Namibia is Avis Licensee of the Year for Europe, the Middle East and Africa

Avis Qatar and Avis Poland Also Recognized for Outstanding Achievement

PARSIPPANY, N.J., Oct. 29, 2015 (GLOBE NEWSWIRE) — Avis Car Rental today announced that Avis Namibia has been named “Licensee of the Year” at the 2015 Avis Licensee Awards for Europe, the Middle East and Africa (EMEA). The Namibia team received their accolade at a gala event held in Dublin.

The annual Licensee Awards recognize licensee partners that have demonstrated growth in annual financial performance, measured against their local country economic conditions. The Awards also take into account customer service performance and alignment with the brand’s initiatives. The “best of the best” is honored as Licensee of the Year, with recognition for similar accomplishment given to two additional licensees in the region for outstanding achievement. This year’s Outstanding Achievement recipients are Avis Qatar and Avis Poland.

“Licensees are critical to our success in providing outstanding car rental services throughout the world,” said Mark Servodidio, president, International, Avis Budget Group. “Over the past year, Avis Namibia achieved excellent customer satisfaction scores as well as strong rental and revenue growth. We salute Avis Namibia for being an exemplary champion of the Avis brand.”

“We are delighted and honored to be named the region’s Licensee of the Year,” said Francois Viljoen, chairman, Avis Namibia. “As the established market leader in Namibia, our growth story has been significantly enhanced by the strength of the Avis brand and the benefits of the licensee network. The award is also testament to the hard work and dedication of the team in Namibia who illustrate their commitment to customer excellence on a daily basis.”

Avis Namibia has been in operation for more than 40 years, offering a wide selection of well-maintained vehicles and exceptional customer service. Customers can choose from short-term rental or leasing solutions ranging from one day to five years. A wide selection of extras and insurance options are also available to enhance the driving experience. Avis Namibia is committed to investing in customer care, its employees and the local community.

About Avis
Avis Car Rental operates one of the world’s best-known car rental brands with approximately 5,450 locations in more than 165 countries. Avis has a long history of innovation in the car rental industry and is one of the world’s top brands for customer loyalty. Avis is owned by Avis Budget Group, Inc. (NASDAQ:CAR), which operates and licenses the brand throughout the world. For more information, visit www.avis.com.

Contact:
Alice Pereira
973.496.3916 
PR@avisbudget.com

Huawei’s Better Connected Smart Grid Enhances Energy Efficiency

Ethiopia Day and Huawei Electric Power Summit 2015 Held in Ethiopia’s Capital

ADDIS ABABA, Ethiopia, Oct. 29, 2015 /PRNewswire/ — Huawei, together with the Ministry of Water, Irrigation and Electricity of Ethiopia, hosted the Ethiopia Day and Huawei Electric Power Summit 2015 themed “Better Connected Smart Grid, Greater Energy Efficiency” on October 28 in Addis Ababa, Ethiopia.

As one of the key events at the World Energy Executive Assembly and World Energy Leaders’ Summit 2015 organized by the World Energy Council (WEC), the event gathered industry experts and senior executives of global electric power companies to discuss emerging industry trends and issues. Topics of discussion included improvements in new energy conversion efficiency, reduction of line losses in long-distance transmission, and the utilization of ICT, sensors, measurement, and control technologies to improve the operation and management efficiency of electric power companies.

Jerry Ji, President of Energy Industry, Enterprise Business Group, Huawei, delivered a keynote speech at the Summit. He said, “Enhancing energy efficiency throughout the entire process, which includes electric power generation, transmission, distribution, and consumption has become a common goal for electric power companies around the world. With Huawei’s Fully-connected Smart Grid Solution based on innovative ICT infrastructure, these companies can build safe, reliable, environmentally friendly, and sustainable power grids to improve energy and operational efficiency.” He went on to highlight that contribution from channel partners is important to the ecosystem as it enables a better connected smart grid that adopts an open architecture. He also said, “In line with its Business-Driven ICT Infrastructure (BDII) guiding principle, Huawei is committed to building a smart grid value chain by focusing on ICT infrastructure and implementing its ‘being integrated’ strategy. With this, Huawei fully collaborates with its partners in the areas of technology, hardware, software, and services to enable joint innovations, helping customers in the electric power industry achieve business success.”

The national institution responsible for generating and supplying electricity in Ethiopia, Ethiopian Electric Power (EEP) set a long-term development strategy to increase hydropower supply in the country, include more energy sources in existing grids, and enhance the digitalization of its grids. Commentating on electric power development, Mr. Mekuria Lemma, Head of Strategy and Investment of EEP said, “Ethiopia is abundant in natural energy resources. However, hydropower, solar and wind energy currently only account for less than five percent of the country’s total energy generation. We believe that these resources make up the future backbone of electric power development in our country.”

At the Summit, Huawei showcased its Fully-connected Smart Grid Solution in both a corporate operation scenario and electricity operation scenario. Demonstrations in electricity generation, transmission, transformation, distribution, and consumption were provided to show how innovative ICT infrastructure helps electric power companies construct safe, reliable, environmentally friendly, and sustainable power grids that improve their energy and operational efficiency. Huawei also showcased its latest Advanced Metering Infrastructure (AMI) Solution that provides a well-designed customer management system to help electric power companies improve operational efficiency. The AMI Solution leverages Hi-Power Line Carrier (PLC) communication, Internet of Things (IoT) gateways and platforms to support enormous volumes of intelligent terminal connections, convenient installations, and the compatibility and adaptability of different intelligent terminals.

In the electric power industry, Huawei has provided services to more than 160 power companies around the world, covering more than 100,000 substations. Huawei’s AMI Solution has helped an African power company enable real-time electricity fee settlement, which previously took the company two to three months to complete. In Thailand, Huawei’s Power Transmission and Transformation Solution helped the Provincial Electricity Authority (PEA) build a secure high-speed grid communications network to facilitate the construction of smart grids. Huawei’s Smart PV Plant Solution has also helped a 20 MW PV power plant in Trowbridge in the United Kingdom increase electricity generation while improving its operational and management efficiency. In China, Huawei has worked with China Southern Power Grid (CSG) to construct its eLTE ultra-broadband wireless smart power distribution network with millisecond latency to support communications requirements of services such as telemetering, remote signaling, remote control, video surveillance and multi-media trunking services that require high bandwidth.

About Huawei

Huawei is a leading global information and communications technology (ICT) solutions provider. Our aim is to build a better connected world, acting as a responsible corporate citizen, innovative enabler for the information society, and collaborative contributor to the industry. Driven by customer-centric innovation and open partnerships, Huawei has established an end-to-end ICT solutions portfolio that gives customers competitive advantages in telecom and enterprise networks, devices and cloud computing. Huawei’s 170,000 employees worldwide are committed to creating maximum value for telecom operators, enterprises and consumers.

Please visit Huawei online at www.huawei.com or follow us on:

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McDermott’s Ghana Joint Venture Receives Regulatory Approval

CAPE TOWN, South Africa and ACCRA, Ghana, Oct. 28, 2015 (GLOBE NEWSWIRE) — McDermott International, Inc., (NYSE:MDR) today announced it has received regulatory approval for its McDermott Marine Construction Ghana Limited (MMCGL) joint venture to pursue key offshore opportunities in Ghana. McDermott and MMCGL officials made the announcement during the 2015 Africa Oil Week in Cape Town, South Africa.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/a408a347-be82-4e70-ba0d-1db71a9b0ee5

The Petroleum Commission Ghana notified MMCGL that it has been granted regulatory approval to develop contracting abilities to support the country’s burgeoning subsea and offshore engineering, procurement, construction and installation (EPCI) industry.

“This critical approval opens the way for McDermott’s participation for growth in Ghana with partner Hydra Group of Accra,” said Robert Gillespie, McDermott’s Commercial Director for Europe and Africa. “From its inception, the goal for the MMCGL joint venture is to support local growth and experience transfer in Ghana to ensure delivery of effective offshore solutions.”

Delali Otchi, CEO of Hydra Group, said the important regulatory approval “is just the beginning for the MMCGL joint venture to bring local and international expertise in support of the development and growth of Ghana’s offshore oil and gas industry.”

Forward-looking statement
In accordance with the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995, McDermott cautions that statements in this press release which are forward looking, and provide other than historical information, involve risks, contingencies and uncertainties that may impact McDermott’s actual results of operations. These forward-looking statements include, among other things, statements about the expected benefits of MMCGL receiving regulatory approval to pursue offshore opportunities in Ghana. Although we believe that the expectations reflected in those forward-looking statements are reasonable, we can give no assurance that those expectations will prove to have been correct. Those statements are made by using various underlying assumptions and are subject to numerous risks, contingencies and uncertainties, including, among others: our inability to successfully execute on contracts in backlog, changes in project design or schedules, the availability of qualified personnel, changes in the terms, scope or timing of contracts, contract cancellations, change orders and other modifications and actions by our customers and business partners, difficulties executing on projects and changes in industry norms. If one or more of these risks materialize, or if underlying assumptions prove incorrect, actual results may vary materially from those expected. For a more complete discussion of these and other risk factors, see McDermott’s annual and quarterly filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended December 31, 2014 and subsequent quarterly reports on Form 10-Q. This press release reflects management’s views as of the date hereof. Except to the extent required by applicable law, McDermott undertakes no obligation to update or revise any forward-looking statement.

About McDermott
McDermott is a leading provider of integrated engineering, procurement, construction and installation (EPCI) services for upstream field developments worldwide. The Company delivers fixed and floating production facilities, pipelines and subsea systems from concept to commissioning for complex Offshore and Subsea oil and gas projects to help oil companies safely produce and transport hydrocarbons. Our clients include national and major energy companies. Operating in more than 20 countries across the world, our locally focused and globally integrated resources include approximately 11,700 employees and contractors, a diversified fleet of specialty marine construction vessels, fabrication facilities and engineering offices. We are renowned for our extensive knowledge and experience, technological advancements, performance records, superior safety and commitment to deliver. McDermott has served the energy industry since 1923 and is listed on the New York Stock Exchange. To learn more, visit our website at www.mcdermott.com.

McDermott International, Inc.
Media Relations
Richard Goins, 281.870.5932
Director, Global Communications
rgoins@mcdermott.com