Attachment M Additional Documentation Attachment to Comment Letter 2-F2
Total Page:16
File Type:pdf, Size:1020Kb
Load more
Recommended publications
-
ELECTRIC VEHICLES MARKET IS POWERING up an Industry Snapshot
Investment and Company Research Opportunity Research INDUSTRY SNAPSHOT July 2, 2020 ELECTRIC VEHICLES MARKET IS POWERING UP An Industry Snapshot Featured Companies: Tesla (NASDAQ - TSLA); Nikola (NASDAQ – NKLA); Workhorse Group (NASDAQ – WKHS); Alternet Systems (OTC – ALYI) www.goldmanresearch.com Copyright © Goldman Small Cap Research, 2020 Page 1 of 8 Investment and Company Research Opportunity Research INDUSTRY SNAPSHOT OUR THESIS: As of this writing, shares of Tesla (NASDAQ – TSLA), the undisputed bellwether stock for the electric vehicle market trades at $1121 per share. At current prices, the market cap is over $207 billion, representing over 5 estimated 2021 sales and a whopping 98x next year’s EPS. In many investors’ minds, where Tesla goes, so goes the industry segment, especially as it relates to the capital markets. While TSLA is the industry’s most important company, it is the exact mid-point of 2020, not 2016, and therefore is not the only pubco in the space. In fact, some under the radar firms with exposure to the space offer major upside that may rival TSLA, with varying risk profiles and share prices. Instead of making the case for the industry and its constituents in the lithium, fuel cell, and other segments, we have elected to focus on the vehicle producers, where we believe the greatest attention and upside exist. THE EV MARKET: A BRIEF HISTORY We began writing about the EV market in 2015/2016 and while going over our old reports and blogs, we came across some striking information. In 2016, Bloomberg New Energy Finance (now billed as Bloomberg NEF) projected that by 2040, EV passenger sales will reach 41 million units. -
Review Article: Air Quality and Characteristics of Sources
International Journal of Biosensors & Bioelectronics Review Article Open Access Review article: air quality and characteristics of sources Abstract Volume 6 Issue 4 - 2020 Atmospheric pollution is a major problem facing all nations of the world. Air quality Atef MF Mohammed, Inas A Saleh, Nasser M management leads to prevent or decrease harm impacts, by applying environmental policies, legislation, and manage ambient air quality monitoring. Air quality assessments Abdel-Latif Air Pollution Research Department, Environmental Research help air quality management to understanding of how pollutant sources, characteristics, Division, National Research Center, Egypt topography, and meteorological conditions contribute to local air quality. This review article is concerned with the reports concerning air quality around the world, which published Correspondence: Atef MF Mohammed, Air Pollution Research by different national and international environmental affair organizations. The air quality Department, Environmental Research Division, National monitoring data collected in Egypt by national network stations (EEAA) and (EMC) and Research Center, Giza, Egypt, Tel +201151143456, +20 2 published in reports of Central Agency for Public Mobilization and Statistics (CAPMAS). 33371362, Fax +20 2 33370931, Email Keywords: ambient air quality (AAQ), indoor air quality (IAQ), national ambient air quality standards (NAAQS), Egypt Received: September 30, 2020 | Published: October 23, 2020 Introduction concentrations of criteria pollutants in the air, and typically refer to ambient air. The NAAQS is established by the national environmental Air pollution (Poor air quality) is considered one of the major agency. The regulations for different countries around the world challenges facing Egypt. are listed in Table 1.5–10 Primary standards are designed to protect human health. -
Advanced Technology Equipment Manufacturers*
Advanced Technology Equipment Manufacturers* Revised 04/21/2020 On-Road (Medium/Heavy Duty, Terminal Tractors) OEM Model Technology Vocations GVWR Type Altec Industries, Inc Altec 12E8 JEMS ePTO ePTO ePTO, Utility > 33,000, 26,001 - 33,000 New Altec Industries, Inc Altec JEMS 1820 and 18E20 ePTO ePTO ePTO, Utility > 33,000, 26,001 - 33,000 New Altec Industries, Inc Altec JEMS 4E4 with 3.6 kWh Battery ePTO ePTO, Utility 16,001-19,500, 19,501-26,000 New Altec Industries, Inc Altec JEMS 6E6 with 3.6 kWh Battery ePTO ePTO, Utility 16,001-19,500, 19,501-26,000 New Autocar Autocar 4x2 and 6x4 Xpeditor with Cummins-Westport ISX12N Engine Near-Zero Engine Truck > 33,001 New Autocar Autocar 4x2 and 6x4 Xpeditor with Cummins-Westport L9N Engine Near-Zero Engine Refuse > 33,001 New Blue Bird Blue Bird Electric Powered All American School Bus Zero Emission Bus, School Bus > 30,000 New Blue Bird Blue Bird Electric Powered Vision School Bus 4x2 Configuration Zero Emission Bus, School Bus > 30,000 New BYD Motors BYD 8Y Electric Yard Tractor Zero Emission Terminal Truck 81,000 New BYD Motors BYD C10 45' All-Electric Coach Bus Zero Emission Bus 49,604 New BYD Motors BYD C10MS 45' All-Electric Double-Decker Coach Bus Zero Emission Transit Bus 45' New BYD Motors BYD C6 23' All-Electric Coach Bus Zero Emission Bus 18,331 New BYD Motors BYD K11 60' Articulated All-Electric Transit Bus Zero Emission Bus 65,036 New BYD Motors BYD K7M 30' All-Electric Transit Bus Zero Emission Bus, Transit Bus 30' New BYD Motors BYD K9 40' All-Electric Transit Bus Zero Emission -
Article Series Tion of the Hydroxyl (OH) Radical with Organic Molecules
Geosci. Model Dev., 12, 3357–3399, 2019 https://doi.org/10.5194/gmd-12-3357-2019 © Author(s) 2019. This work is distributed under the Creative Commons Attribution 4.0 License. The Eulerian urban dispersion model EPISODE – Part 2: Extensions to the source dispersion and photochemistry for EPISODE–CityChem v1.2 and its application to the city of Hamburg Matthias Karl1, Sam-Erik Walker2, Sverre Solberg2, and Martin O. P. Ramacher1 1Chemistry Transport Modelling, Helmholtz-Zentrum Geesthacht, Geesthacht, Germany 2Norwegian Institute for Air Research (NILU), Kjeller, Norway Correspondence: Matthias Karl ([email protected]) Received: 14 December 2018 – Discussion started: 11 January 2019 Revised: 17 May 2019 – Accepted: 23 June 2019 – Published: 1 August 2019 Abstract. This paper describes the CityChem extension of teorological fields and emissions. EPISODE–CityChem per- the Eulerian urban dispersion model EPISODE. The devel- forms better than EPISODE and TAPM for the prediction of opment of the CityChem extension was driven by the need hourly NO2 concentrations at the traffic stations, which is to apply the model in largely populated urban areas with attributable to the street canyon model. Observed levels of highly complex pollution sources of particulate matter and annual mean ozone at the five urban background stations in various gaseous pollutants. The CityChem extension offers Hamburg are captured by the model within ±15 %. A per- a more advanced treatment of the photochemistry in urban formance analysis with the FAIRMODE DELTA tool for air areas and entails specific developments within the sub-grid quality in Hamburg showed that EPISODE–CityChem ful- components for a more accurate representation of disper- fils the model performance objectives for NO2 (hourly), O3 sion in proximity to urban emission sources. -
11 Electric Vehicle Stocks to Buy for 2021
INVESTOR PLACE 11 ELECTRIC VEHICLE STOCKS TO BUY FOR 2021 LUKE LANGO How to turn the electric disruption of transportation into your million-dollar opportunity When it comes to identifying next-generation breakthrough investments that could rise 100%, 200%, 500%, or more, I always come back to one saying. Where there’s disruption, there’s opportunity. Case-in-point: The internet. Throughout the 1990s, the emergence of the internet rapidly disrupted how people across the globe worked, communicated, and played. For many, it was a scary time. Change is never easy. For many more, it was an exciting time, as the internet was unlocking a new world of possibilities. But… for investors… it was an opportunity. Specifically, it was a once-in-a-decade opportunity to invest early in emerging titans of the internet industry. Like Amazon (AMZN)… when it was a $438 million company in 1997… It’s a $1.6 TRILLION company today – representing a whopping 365,000% return. That means a mere $1,000 investment in Amazon in 1997 would be worth more than $3.6 million today. 2 Luke Lango’s Hypergrowth Investing Need I say more? Where there’s disruption, there’s opportunity – and the bigger the disruption, the bigger the opportunity. Right now, we are on the cusp of an enormous disruption. This disruption will fundamentally and entirely change the world’s multi-trillion-dollar transportation work. In its wake, it will create new hundred-billion-dollar titans of the auto industry – most of whom are just tiny companies today. What disruption am I talking about specifically? The shift toward electric vehicles. -
Development of a Line Source Dispersion Model for Gaseous Pollutants by Incorporating Wind Shear Near the Ground Under Stable Atmospheric Conditions †
Proceeding Paper Development of a Line Source Dispersion Model for Gaseous Pollutants by Incorporating Wind Shear near the Ground under Stable Atmospheric Conditions † Saisantosh Vamshi Harsha Madiraju and Ashok Kumar * The College of Engineering, The University of Toledo, Toledo, OH 43606, USA; [email protected] * Correspondence: [email protected]; Tel.: +1-419-530-8136 † Presented at the 3rd International Electronic Conference on Atmospheric Sciences, 16–30 November 2020; Available online: https://ecas2020.sciforum.net/. Abstract: Transportation sources are a major contributor to air pollution in urban areas. The role of air quality modeling is vital in the formulation of air pollution control and management strategies. Many models have appeared in the literature to estimate near-field ground level concentrations from mobile sources moving on a highway. However, current models do not account explicitly for the effect of wind shear (magnitude) near the ground while computing the ground level concentra- tions near highways from mobile sources. This study presents an analytical model based on the solution of the convective-diffusion equation by incorporating the wind shear near the ground for gaseous pollutants. The model input includes emission rate, wind speed, wind direction, turbu- lence, and terrain features. The dispersion coefficients are based on the near field parameterization. The sensitivity of the model to compute ground level concentrations for different inputs is presented for three different downwind distances. In general, the model shows Type III sensitivity (i.e., the Citation: Madiraju, S.V.H.; Kumar, errors in the input will show a corresponding change in the computed ground level concentrations) A. -
GM Sells Shuttered Ohio Assembly Plant to Electric Vehicle Startup by David Welch November 7, 2019, 3:10 PM EST
Hyperdrive GM Sells Shuttered Ohio Assembly Plant to Electric Vehicle Startup By David Welch November 7, 2019, 3:10 PM EST Lordstown Motors is still raising money for its plug-in pickup CEO Steve Burns says he hopes to start production in late 2020 rally-goers from selling their homes because of all the jobs he would bring back to the area. Democrats seized on the development as a symbol of unfulfilled promises made to voters in a key battleground state. Trump was so eager to endorse GM’s discussions to sell the Lordstown plant that he preempted the announcement of the talks in May by the largest U.S. automaker and Workhorse. But both companies are on shaky financial footing, with Workhorse totaling just $6,000 of revenue during its latest quarter. American flags fly in front of the GM plant in Lordstown, Ohio, in March. The automaker has sold the factory to Lordstown Motors. Lordstown Motors Corp., the electric-truck startup formed specifically to save a shuttered Ohio car factory, has acquired the highly politicized plant from General Motors Co. The acquisition that the two companies announced Thursday ends an era that began when GM opened the complex in 1966. The factory’s fate was largely sealed when the United Auto Workers union was unable to convince GM to keep it in the fold as part of a new labor contact ratified late last month. With the plant acquisition out of the way, Steve Burns, who Terms of the deal aren’t being disclosed. Workhorse Group used to lead Workhorse and is now chief executive officer Inc., which is affiliated with Lordstown Motors but doesn’t of Lordstown Motors, is turning his attention to phase two: share any ownership, soared 27% to close at $3.13 in New seeking cash to convert the Lordstown plant from making York trading. -
DWS Small Cap Index VIP
Investment Portfolio as of September 30, 2020 (Unaudited) DWS Small Cap Index VIP ______________________Shares Value ($) Common Stocks 98.6% Communication Services 2.3% Diversified Telecommunication Services 0.8% Alaska Communications Systems Group, Inc. 9,664 19,328 Anterix, Inc.* 1,751 57,275 ATN International, Inc. 2,052 102,887 Bandwidth, Inc. "A"* 3,387 591,268 Cincinnati Bell, Inc.* 8,969 134,535 Cogent Communications Holdings, Inc. 7,403 444,550 Consolidated Communications Holdings, Inc.* 12,394 70,522 IDT Corp. "B"* 3,076 20,240 Iridium Communications, Inc.* 20,284 518,865 Liberty Latin America Ltd. "A"* 8,472 69,894 Liberty Latin America Ltd. "C"* 27,483 223,712 Ooma, Inc.* 3,608 47,084 Orbcomm, Inc.* 12,899 43,857 Vonage Holdings Corp.* 39,742 _________406,561 2,750,578 Entertainment 0.2% AMC Entertainment Holdings, Inc. "A" (a) 9,254 43,586 Cinemark Holdings, Inc. (a) 19,171 191,710 Eros STX Global Corp* (a) 23,773 52,538 Gaia, Inc.* 2,099 20,633 Glu Mobile, Inc.* 24,816 190,463 IMAX Corp.* 8,860 105,966 Liberty Media Corp.-Liberty Braves "A"* 1,868 39,004 Liberty Media Corp.-Liberty Braves "C"* 6,415 134,779 LiveXLive Media, Inc.* 7,885 20,462 Marcus Corp. 3,616 _________27,952 827,093 Interactive Media & Services 0.4% Cargurus, Inc.* 14,792 319,951 Cars.com, Inc.* 12,057 97,420 DHI Group, Inc.* 9,464 21,389 Eventbrite, Inc. "A"* (a) 11,367 123,332 EverQuote, Inc. "A"* 2,494 96,368 Liberty TripAdvisor Holdings, Inc. -
A Model for the Dispersion of Pollution from a Road Network
*T« » J nj / r 4-//J - wuc -- X J A MODEL FOR THE DISPERSION OF POLLUTION FROM A ROAD NETWORK Jari Harkonen, Esko Valkonen, Jaakko Kukkonen, Erkki Rantakrans, Kimmo Lahtinen, Ari Karppinen and Liisa Jalkanen OCT 131998 OSTI llmatieteen laitos Meteorologiska institutet Finnish Meteorological Institute Helsinki 1996 DISCLAIMER Portions of this document may be illegible electronic image products. Images are produced from the best available original document. ILMANSUO JELUN JULKAISUJA LUFTVARDS PUBLIKATIONER PUBLICATIONS ON AIR QUALITY No. 23 504.054 504.064.2 519.24 A MODEL FOR THE DISPERSION OF POLLUTION FROM A ROAD NETWORK Jari Harkonen, Esko Valkonen, Jaakko Kukkonen, Erkki Rantakrans, Kimmo Lahtinen, Ari Karppinen and Liisa Jalkanen Ilmatieteen laitos Meteorologiska institutet Finnish Meteorological Institute Helsinki 1996 ISBN 951-697-449-X ISSN 0782-6095 Yliopistopaino Helsinki 1996 Series title, number and report code of publication Published by Publications on Air Quality No. 23 FMI-AQ-23 Finnish Meteorological Institute _______________________________________________________ P.O.Box 503 Date FiN-00101 Helsinki 13 j^e 1996 Finland Authors Name of project Jari Harkonen, Esko Valkonen, Jaakko Development of a road dispersion model Kukkonen, Erkki Rantakrans, Kimmo Lahtinen, Commissioned by Ari Karppinen and Liisa Jalkanen Ministry of Environment Finnish National Road Administration Title A model for the dispersion of pollution from a road network Abstract We present a mathematical model for predicting the dispersion of pollution from a road network, for use in a regulatory context. The model includes an emission model, a treatment of the meteorological and background concentration time series, a dispersion model, statistical analysis of the computed time series of concentrations and a Windows-based user interface. -
Usef-I Q2 2021
Units Cost Market Value U.S. EQUITY FUND-I U.S. Equities 88.35% Domestic Common Stocks 10X GENOMICS INC 5,585 868,056 1,093,655 1ST SOURCE CORP 249 9,322 11,569 2U INC 301 10,632 12,543 3D SYSTEMS CORP 128 1,079 5,116 3M CO 11,516 2,040,779 2,287,423 A O SMITH CORP 6,897 407,294 496,998 AARON'S CO INC/THE 472 8,022 15,099 ABBOTT LABORATORIES 24,799 2,007,619 2,874,948 ABBVIE INC 17,604 1,588,697 1,982,915 ABERCROMBIE & FITCH CO 1,021 19,690 47,405 ABIOMED INC 9,158 2,800,138 2,858,303 ABM INDUSTRIES INC 1,126 40,076 49,938 ACACIA RESEARCH CORP 1,223 7,498 8,267 ACADEMY SPORTS & OUTDOORS INC 1,036 35,982 42,725 ACADIA HEALTHCARE CO INC 2,181 67,154 136,858 ACADIA REALTY TRUST 1,390 24,572 30,524 ACCO BRANDS CORP 1,709 11,329 14,749 ACI WORLDWIDE INC 6,138 169,838 227,965 ACTIVISION BLIZZARD INC 13,175 839,968 1,257,422 ACUITY BRANDS INC 1,404 132,535 262,590 ACUSHNET HOLDINGS CORP 466 15,677 23,020 ADAPTHEALTH CORP 1,320 39,475 36,181 ADAPTIVE BIOTECHNOLOGIES CORP 18,687 644,897 763,551 ADDUS HOMECARE CORP 148 13,034 12,912 ADOBE INC 5,047 1,447,216 2,955,725 ADT INC 3,049 22,268 32,899 ADTALEM GLOBAL EDUCATION INC 846 31,161 30,151 ADTRAN INC 892 10,257 18,420 ADVANCE AUTO PARTS INC 216 34,544 44,310 ADVANCED DRAINAGE SYSTEMS INC 12,295 298,154 1,433,228 ADVANCED MICRO DEVICES INC 14,280 895,664 1,341,320 ADVANSIX INC 674 15,459 20,126 ADVANTAGE SOLUTIONS INC 1,279 14,497 13,800 ADVERUM BIOTECHNOLOGIES INC 1,840 7,030 6,440 AECOM 5,145 227,453 325,781 AEGLEA BIOTHERAPEUTICS INC 287 1,770 1,998 AEMETIS INC 498 6,023 5,563 AERSALE CORP -
Analysis of Road Traffic Noise Propagation
INTERNATIONAL JOURNAL OF MATHEMATICAL MODELS AND METHODS IN APPLIED SCIENCES Analysis of Road Traffic Noise Propagation Claudio Guarnaccia and Joseph Quartieri be modelled and predicted, because of its intrinsic random Abstract—Road vehicular traffic is one of the most important nature (see for instance [5] and [6]). acoustical noise source in the urban environment. The annoyance The task to find out the best dependence of the equivalent produced by noise, in fact, can heavily influence the quality of human noise level from the vehicular flow and from other parameters life. Thus, a proper modeling of the source and of the propagation can has been pursued in many papers ([7-12] and references give important assistance to the noise prediction and thus to the urban planning and development design. In this paper, the authors approach therein). In this paper, the authors consider two experimental these issues by means of field measurements analysis, defining and sets of data taken contemporary in three different points, at evaluating a “degree of linearity” coefficient, related to the power four different distances from the road. Since the source during law of the source-receiver distance in the logarithmic propagation each measurement can be assumed to be the same for all the formula. This value is expected to be 10 in the linear scheme, i.e. the receivers, an interesting comparison between measured levels approach of several literature studies and regulation models, or 20 in can be performed. The distances difference can be used to test the point scheme. Plotting the results for this parameter in the two available sets of experimental data, the authors will corroborate the the dependence of the level from the source-receiver distance, linear hypothesis. -
Workhorse Group, INC--The Small Cincinnati Company “Delivering” in the Electric Vehicle Race
June 2020 Will Brown Adam Eagleston CEO and Managing Partner CIO Workhorse Group, INC--The Small Cincinnati Company “Delivering” in the Electric Vehicle Race It is rare to find a company at the intersection of two major trends; it’s even more unusual that it is in your hometown. However, that is the case with the aptly named Workhorse Group, Inc. (ticker: WKHS) headquartered in Loveland, OH. Formidable Asset Management (“FAM”) recently established a position; following are the key pieces of our investment thesis: • Established technology and infrastructure • Marquee customers • Undervalued investments Overview Workhorse manufactures electric vehicles (both land-based and aerial), predominantly for use in deliveries (think Amazon, UPS, or the U.S. Postal Service). Despite its presence in this attractive niche, valuable intellectual property, and potentially transformative strategic partnerships, the company trades at a significant discount to our estimate of its intrinsic value. Established technology and infrastructure The company builds more than electric vehicles; it has developed an integrated platform to offer clients a holistic delivery solution that includes cost efficient ground vehicles, telematics to optimize deliveries, and unmanned aerial systems (UASs) for last mile delivery. In the company’s opinion, it is a first mover with a two-to-three year head start over its competitors, which is critically important. Once established, it is very difficult to displace an incumbent within the context of a vehicle fleet, especially one that is integrated. The company has seven (7) granted and four (4) pending patents. As we’ll see later, some of Workhorse’s core electric vehicle intellectual property is currently being licensed.