Daily Archives: June 28, 2021

5G, Quantum Computing and Artificial Intelligence (AI) Technology Development Trends Report 2021 – Yahoo Finance

Posted: June 28, 2021 at 10:02 pm

Dublin, June 28, 2021 (GLOBE NEWSWIRE) -- The "Technology Themes 2021 - Tracking Development of 3 Key Trends, 5G, Quantum Computing and Artificial Intelligence (AI)" report has been added to ResearchAndMarkets.com's offering.

5G, Quantum Computing and AI have been discussed at length for a number of years and the hype that surrounds them can lessen the understanding of real world impacts these themes are already having. This report aims to track their present position, explain their potential benefits and see where any issues have arisen. 2021 promises to be a significant year for all three industries.

Key Highlights

5G consists of the fifth generation of cellular technology and is built to enable faster mobile data speeds than previous 4G LTE and earlier technologies, providing the potential for revenue growth and lower customer churn. 5G will allow networks to be virtually sliced to provide a range of different service characteristics for different use cases. For example, ultra-reliable and low-latency communications (URLLC) will support use cases including virtual reality (VR) and augmented reality (AR), automated and remotely operated robotics, and many others. Meanwhile, massive machine-type communications (mMTC) will eventually support millions, and eventually billions, of sensors and meters that can provide value through data analytics and automation in use cases such as agriculture, healthcare, and public safety.

While widespread enterprise use remains years away, the hype around quantum computing (QC) continued to build in 2020, and with good reason. More people than ever are getting to grips with QC, with many companies now offering quantum cloud experiences for beginners and developers alike. Two separate organizations, Google and the University of Science and Technology of China (USTC), have claimed the quantum advantage, but practical use cases need to be proven in 2021 for the field to continue to attract investment.

AI is ubiquitous today. It can be found everywhere, from wearable tech to automated home devices, smart cities, cars, offices, and more. The technology is embedded in a range of systems, making it challenging to identify revenue explicitly generated by AI. GlobalData forecasts that the market for AI platforms will reach $52bn in 2024, up from $29bn in 2019. AI is one of the most hyped technologies, with reality often falling short of vendors' world-altering promises.

Scope

Story continues

Learn how AI is developing

See how quantum computing is becoming more mainstream

See how 5G is now ubiquitious

Understand what the major technology themes are and how they are developing

Reasons to Buy

What are the major themes developing in the technology sector?

How developed is the 5G network now?

Is quantum computing having a major impact?

What sectors has AI now developed into?

Key Topics Covered:

Executive Summary

5G is the fifth generation of cellular technology

Mobile network operator deployments are patchy

Mobile 5G subscription evolution

Mobile 5G revenue evolution

5G capabilities and use cases

Ultra-reliable and low latency communications (URLLC)

Massive machine-type communications (mMTC)

Quantum Computing

Artificial Intelligence

Appendix

For more information about this report visit https://www.researchandmarkets.com/r/7qp3yw

About ResearchAndMarkets.comResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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This Startup Is Using Quantum Computing And AI To Cut Drug Discovery Time From 3 Years To 4 Months – Forbes

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Polaris Quantum Biotech is reinventing drug discovery, reducing the time it takes to find candidate molecules for drug development from the typical three years to just four months. As with other successful efforts to redesign established processes, Polaris is betting on scalability and automation. The startup, co-founded by Shahar Keinan and Bill Shipman, came out of stealth a year ago, revealing the first-ever drug discovery platform using a quantum computer, cost-efficiently scanning billions of molecules from a large chemical space.

Dr. Shahar Keinan, CEO, Polaris Quantum Biotech

Having worked in the drug development industry for years, Polaris founders decided to try and address the two major challenges they identified: The technology used and the business model. We wanted to solve both of these problems together, says Polaris CEO, Shahar Keinan.

The technology-related part of their solution was to use quantum computing, rather than classical computers, to speed-up the process. In terms of the business model, in contrast to the research labs (or Contract Research Organizations) that provide molecular discovery as a service to large pharmaceutical companies, Polaris is licensing their discoveries. With this business model, says Keinan, you need a diverse portfolio in order to diversify your risk. Diversity here is defined as the target disease, the specific protein targeted, and even the delivery mechanism.

Based on industry benchmarks, out of 100 assets (i.e., drug blueprints, lead compounds), between 1 to 5 will be used in a drug that will be sold commercially. Between 75 to 80 may reach clinical testing but typically this number could be reduced to no more than 25 over subsequent testing phases. Polaris is paid at each stage in the drugs journey to the market, and increasingly more as each hurdle is passed successfully.

The lead compounds Polaris develops target specific biological processes that are known to be the cause of a specific disease and are designed to get involved in the process in a way that arrests its further development or eliminates it altogether. We take this big biological machine and put a wrench into it, says Keinan. The trick is to find a molecule that will do exactly what it is expected to do but will not do other, not useful or potentially harmful, things to other biological processes in the human body.

Polaris is developing an ecosystem around its drug discovery platform, enlisting various hardware and software resources to assist it. Last year, it partnered with Fujitsus quantum-inspired Digital Annealer technology, initially targeting dengue fever, a mosquito-borne condition that is present in over 100 countries worldwide, killing as many as 22,000 people each year. Another quantum computing provider Polaris is working with is D-Wave Systems, accessing its quantum annealing technology through the AWS cloud service.

Yet another Polaris partnership was announced recently, collaborating with Auransa to discover treatments for neglected diseases disproportionately affecting women.An example is endometriosis, an incurable condition affecting millions of women caused when tissue that lines the womb grows elsewhere in the abdomen. Auransa is using AI to develop precision medicine solutions in areas of unmet medical needs, and in this partnership, Auransa finds the biological target and Polaris finds the arrow (the lead compound) that will hit the targets bullseye.

Over the last decade, there has been a growing application of AI (or machine/deep learning) to drug discovery and pharmaceutical company executives expect it to be the emerging technology that will have the greatest impact on their industry in 2021. Last year, a survey of life science organizations found that 31% were set to begin quantum computing evaluation in 2020 and a further 39% were planning to evaluate it in 2021 or have quantum computing on their radar. Polaris Quantum Biotech could well be at the center of a perfect storm that will accelerate the pace of drug discovery.

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Academy of Finland Call for Research into Use of HPC, Quantum Computers Opening in August – HPCwire

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June 24, 2021 In August 2021, the Academy of Finland will open a special funding call aimed at supporting the use of the EuroHPC supercomputing infrastructure, the introduction of quantum computers and the application of high-performance computing. The call opens on 11 August and closes on 6 October 2021.

The aim of the funding is to support the development of a diverse future computing ecosystem and the expansion of computing expertise into new sectors. The funding will support high-quality research related to the EuroHPC Joint Undertaking, high-performance computing or the introduction of quantum computers as well as the utilisation of high-performance computing in various fields of research.

The funding can be applied for by multidisciplinary research teams and consortia composed of several teams. The total funding budget is 6 million euros for three years, starting in 2022. The funding is designed to promote scientific renewal and diversity, the quality of research and scientific impact as well as impact beyond academia. The development of skills and competences is a key cross-cutting theme in the call.

Applications are encouraged from different fields of research. In this way, the goal is to support the development of a diverse future computing ecosystem. The Academy encourages researchers from different fields to consider what new opportunities high-performance computing could offer and what skills should be developed in the fields concerned.

Inquiries and more information availableon the website of Academy of Finland.

Source: CSC

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GE names Jan Kjaersgaard as chief of offshore wind business – Reuters

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The logo of U.S. conglomerate General Electric is pictured at the site of the company's energy branch in Belfort, France, February 5, 2019. REUTERS/Vincent Kessler

June 28 (Reuters) - General Electric Co (GE.N) named Jan Kjaersgaard as the new chief executive of its offshore wind business, effective Monday.

He will succeed John Lavelle, who is retiring after 40 years with the company.

Kjaersgaard has previously served as the chief executive of Siemens Wind Power Americas, and was heading the cement business at FLSmidth & Co A/S (FLS.CO) before joining GE. (https://invent.ge/364TbWd)

Lavelle plans to stay on board to assist with the transition of responsibilities over the next several months.

Under Lavelle, GE installed the first ever offshore wind farm in the United States and expanded the presence of the business in Europe, China and Japan, the company said in a statement.

Reporting by Shreyasee Raj in Bengaluru; Editing by Devika Syamnath

Our Standards: The Thomson Reuters Trust Principles.

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3D At Depth And Sea.O.G Offshore Announce A Collaboration Focused On Fully Integrated Sustainable Survey And Integrity Solutions To The Offshore…

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LONGMONT, Colo., June 28, 2021 /PRNewswire/ -- 3D at Depth Inc., the world's expert in commercial Subsea LiDAR (SL) laser technology, and leading provider of fully integrated underwater survey services along with SEA.O.G Offshore, who operate out of New Bedford, Seattle, and Houston, today announces the collaboration agreement focusing on all marine energy markets with a goal of reducing carbon emissions for subsea survey operations, offering integrity in a new way.

3D at Depth and SEA.O.G Offshore announce a collaboration for reducing carbon emissions in subsea survey operations.

The partnership brings together a fully integrated approach to field integrity and logistical operations for maintenance and asset health monitoring. The initial focus will be the increasing market for Offshore Wind and Oil and Gas. The operational know-how to execute disruptive technology successfully has been demonstrated by both companies independently over the last eight years bringing cost reduction and high-value services with integrity data to offshore energy companies internationally.

Neil Manning, Chief Operating Officer, 3D at Depth, stated "3D at Depth from its conception is a disruptive technology business which focuses on leveraging its in-house product line with integrated project execution and efficiencies. We believe this starts with the sensing technology followed by supervised autonomous in-water vehicles providing fully integrated platforms." Manning continues, "This approach is baked into both companies DNA making an obvious alignment with SEA O.G Offshore and its disruptive technology applications. I'm excited to see what this partnership can do and look forward to announcements set to release over the coming months. A prime example of thinking out of the box and a disruptive approach is the SEA O.G Offshore adaptable barge concept and our integrated Sabertooth vehicle platform, which shows how mobile we are, and the deployment solutions offered by Sea O.G Offshore make this partnership exciting across all marine market verticals."

Mike Arnold, Director, SEA O.G Offshore stated, "We are extremely excited to be collaborating with 3D at Depth and focusing on niche markets with smart, professional, cost-effective solutions; always with a primary focus on health, safety, and the environment. Our novel solutions, soon to be released, will be aimed at reducing carbon emissions dramatically for day-to-day subsea operations. Moving away from less effective traditional methodologies and taking a more focused, left-field approach, will reduce carbon emissions, reduce task timings, and will ultimately be more cost-effective. From our regions, we can actively support the offshore renewables and legacy Oil and Gas Markets."

The Range of Services includes: Rig and Platform Site Surveys; Geohazard Surveys; Wind Farm Site Surveys; Pre-Engineering Surveys; Clearance Surveys including UXO; Ice Gouge Surveys; Multibeam Echosounder Surveys in shallow and deep water; Pre-and Post-Lay Pipeline Route Surveys; Deepwater Site Developments; LNG and FPSO Offloading Facilities; Intercoastal Waterway Air Gap Surveys; Intercoastal Waterway Feedering; SMART ADAPT Barge Technology; Marine and Offshore Transportation Support; Heavy Load Marshalling and Loadout; Subsea Technical Solutions; Project Management and Consultancy.

About 3D at Depth:

3D at Depth, Inc. is the world's leading expert incommercial Subsea LiDAR laser technology. Our advancedSubsea LiDAR laser (SL) systems and subsea survey services help customers transform the value of underwater 3D data. From data collection and processing, through visualization and analysis, 3D at Depth delivers precise, accurate, repeatable, millimetric 3D point clouds to measure, map, and evaluate underwater assets and environments. The Company's locations in Australia, Europe, and the United States support customer survey operations around the world. For more information and a broader listing of services visit us at http://www.3datdepth.comandLinkedIn, or follow us on Twitter @3DatDepth.

About SEA O. G. Offshore:

SEA.O.G Offshoreis a field-tested integrated service provider to the offshore energy industry. With a dedicated team of more than 50 professionals, they have extensive industry experience in Wind Turbine Generator transport, trusted by the biggest names in wind. Nearly 5% of the entire installed capacity for 2020 were large rotor diameter turbines transported under their supervision. The team has supported technical marine operations of over 35,000 lifts for wind OEMs in more than 35 North American ports. Services for the offshore industry include subsea support, turnkey receiving, marshalling, and offshore delivery of WTGs and Foundation. Through the novel approach to offshore feedering they can offer more uptime than any other operator while improving safety, cost, and performance efficiencies through the application of advanced technology, marshalling methods, and a robust newbuild strategy.

We aim to advance the offshore energy industry with our technical expertise by providing environmentally conscious, fully integrated project management solutions while prioritizing the health, safety, and development of our workforce. http://www.seaofgravity.com

Media at 3D at Depth

Media Contact:

3D at Depth:

Jenna Pearson

media@3datdepth.com

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WMO and UMO form new joint venture in Taiwan – 4C Offshore

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WorldMarine Offshore (WMO) has entered into a joint venture agreement with U-MingMarine Transport Corporation (U-Ming) to jointly establish U-MING MARINEOFFSHORE COMPANY UMITED (UMO) to pursue activities within the offshorewind sector in Taiwan.

Matthias Ens has been appointed General Manager for UMO with experiencein the offshore wind industry in Europe. He will lead a local workforceand officially launch the turnkey offshore wind logistic business.

The CTVs of the joint venture have already secured charter contracts foroffshore wind farms. The UMO fleet consists of trimaran SWATH vessels thatare fitted with a patented hydraulic fender system "Soft Bow",that is designed to support activity in higher seas. In addition, UMO hasinvested in ship digitisation, and BareFLEET remote monitoring system.The system is used to send daily reports on crew, technicians and equipmentscheduling, fuel consumption, weather observations, safety checks and drillsto customers, as well as to ensure that shore-based managers are fullyaware of the vessels' operational status and safety.

For everything you need to know aboutthe strategies used to support the construction and O&M of offshorewind farms, current and future, including supply and demand for serviceand accommodation vessels, and helicopters, clickhere.

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Digital twin to model floating wind foundation demonstrator – Offshore Oil and Gas Magazine

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TetraSpar

(Courtesy Stiesdal Offshore Technologies)

Offshore staff

LAUSANNE, Switzerland Shell and RWE have commissioned Akselos to apply its structural simulation software Integrato model the TetraSpar floating foundation demonstrator.

This is due to be installed in 200 m (656 ft) water depth, 10 km (6.2 mi) from the coast at the Marine Energy Test Centre,near Stavanger.

The Digital TetraSpar will interface with sensors on the structure and serve as a detailed structural model of the demonstrator.

Akselos claims that the speed and scale of its software allows the behavior of the entire structure to be analyzed in near real time.

This should provide insightsfor improvements in the design and operation of the concept, leading to lower cost, optimized maintenance, and inspection workflows.

Akselos previously supplied a structural digital twin for deployment on the WindFloat Atlantic project as part of a US Department of Energy grant.

Steven Zijp, project engineer Offshore Wind at Shell, said: The partnership between Akselos, TetraSpar, RWE and Shell enables us to further scale and manage floating offshore wind turbines, making them safer and more cost efficient, while allowing developers access to deeper and more challenging waters around the world.

The TetraSpar floating wind foundation was developed by Stiesdal Offshore Technologies, which is working on the demo project claimed to be the worlds first full-scale demonstration of an industrialized offshore foundation with TEPCO Renewable Power, Shell, and RWE.

The foundation is a tetrahedral structure assembled from tubular steel components.

A 3.6-MW wind turbine supplied by Siemens Gamesa Renewable Energy will be mounted on the foundation at the quayside using a land-based crane.

From there, the assembled structure will be towed to the offshore test site, moored with three anchor lines and connected to the electrical grid.

06/28/2021

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Offshore oil and its Democratic allies are greenwashing Gulf drilling – Vox.com

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When President Biden took office in January, a peculiar idea about oil and gas started to make the political rounds: that certain parts of the industry are more environmentally responsible and can actually reduce emissions, compared to other parts of the industry that are worse for the Earth.

If you want to reduce emissions, the offshore arena is better, Scott Angelle, who was the top environmental regulator of offshore energy under the Trump administration, told the trade publication Offshore in late January.

Questionable claims about the climate might be expected from a Trump administration official who rolled back oil and gas regulations, but the same argument has also seeped into Democratic politics.

Gulf of Mexico oil and gas production produces substantially fewer greenhouse gas emissions than oil and gas production in any other region of the world, Louisiana Gov. John Bel Edwards, a Democrat, testified to the Senate Energy Committee in May.

Documents show that these claims originated with a little-known lobbying group that advocates for offshore oil and experts told Vox that theyre dubious at best. By focusing on the emissions of oil and gas production, the industry is ignoring the much larger share of pollution that comes from the burning of fossil fuels. This is a clear attempt at greenwashing: Parts of the oil industry are arguing, perversely, that more fossil fuels can help solve the climate crisis.

Yet these tactics also suggest that fossil fuel companies foresee a fight for survival in a shrinking market for oil and gas and one emerging industry tactic is pointing fingers to claim that a particular source of oil and gas isnt as dirty as the next persons.

Theyre falling over themselves to claim their oil is cleaner than someone else, Lorne Stockman, a research analyst at Oil Change International, a nonprofit advocacy group, told Vox.

Whats worrying is that attempts to rebrand some oil and gas as sustainable has gained traction even among prominent Democrats, and could influence an administration that has pledged to slash emissions by half within the decade in the hope of preventing catastrophic climate change.

The offshore oil industry in the US Gulf of Mexico has reason to be particularly worried right now. Rigs and platforms along the outer continental shelf (OCS) were producing oil at a record rate right before the coronavirus pandemic began, but lockdowns caused a global crash in oil prices and a collapse in demand.

Bidens agenda could put the sector further at risk. Offshore drilling requires expensive investments that can take more than a decade to pay off, so it relies on continuity more than, say, the boom-and-bust business of fracking on land. And while President Trump put 517 million acres of drillable federal waters up for auction, the Biden administration has tried to pause lease sales while the Interior Department considers reforming the process. (These efforts are working their way through the courts, and most recently faced a roadblock when a federal Louisiana judge, appointed by Trump, sided with Republican attorneys general and essentially paused Bidens pause.)

Days after Biden issued a series of climate-related executive orders in late January, an oil lobbying group, the Louisiana Mid-Continental Oil and Gas Association (LMOGA), started circulating talking points in a memo titled Climate Values at Risk. It argued that if Gulf oil production declines, so would taxes and royalties that are used for nature conservation. It also said, Reducing production in the US Gulf of Mexico Probably Increases Greenhouse Gas Emissions.

These documents were obtained via public records request by Documented, a watchdog group that investigates corporate corruption. The group revealed that trade groups in Louisiana and New Mexico sprang into action against Bidens executive orders by writing talking points for Democratic politicians, HuffPost reported in April.

The US Gulf of Mexico produces oil with exceptionally low [greenhouse gas] intensity for several compounding reasons, explains one of the offshore oil lobbys key documents.

The first reason, the lobbying document said, is that Gulf oil has fewer conventional pollutants. Next are leaks of methane, a potent greenhouse gas that the trade group describes as under extremely tight control. Last is a regional pipeline system that brings the regions oil straight to neighboring Gulf Coast refineries, whereas other producing regions around the world rely on less-efficient trucks or tankers to bring crude oil to market.

A month later, in a presentation to Secretary of Energy Jennifer Granholm, Louisianas Gov. Edwards adopted all of this language as if it were his own. Under the heading OCS Production is Cleaner, the trade groups claims were listed without attribution in a series of bullet points.

Sen. Bill Cassidy (R-LA) has also pushed these same points, saying that Gulf drilling pollutes less than gas operations in the Permian Basin of Texas and New Mexico. In an April interview with the industry podcast Capitol Crude, he cited an Obama administration factoid to argue that developing oil and gas in the outer continental shelf has the lowest emissions profile of any such field in the entire world.

Cassidy and the oil lobby are indeed referring to a 2016 Obama-era Department of Interior report. It compares the climate footprint of offshore drilling to the climate footprint of imported oil. It concludes that if the United States were to stop drilling in the Gulf overnight, climate pollution would increase slightly because foreign sources of oil would then fill the gap in demand.

But climate experts insist on a transition away from oil, not a 1:1 replacement. The same report also makes the case for transitioning away from oil altogether. It also said that emissions from offshore oil and gas could burn through an alarming 9 percent of the greenhouse gases that the US needed to allot itself to avert catastrophic climate change.

The oil industry has little actual evidence that drilling in the Gulf is any cleaner than alternatives. Though offshore oil is less studied than onshore oil, a number of studies have found higher-than-estimated pollutants, especially the potent greenhouse gas methane, leaking from these sites, both in US waters and other parts of the world. Erik Kort, a University of Michigan climate scientist whose research is supported in part by climate groups, said overall methane leakage is probably underestimated since there is no reliable data or monitoring for offshore regions.

The Government Accountability Office made a similar point in a recent report, finding serious problems with pollution detection and management in the Gulf of Mexico. It said the Department of the Interior does not generally conduct or require any subsea inspections of active pipelines, relying instead on less-reliable surface observations. And a Princeton study of eight platforms in the North Sea estimated more methane leaking from the sites than previous estimates. If that trend were to hold true for platforms across the UK, the researchers said it would add the rough emissions equivalent of 330,000 cars.

Korts most important point, though, is that its a mistake to focus solely on the emissions of oil and gas production. We cant ignore the climate impact of the actual burning of oil and gas. All fossil fuels do contribute, in the end, to greenhouse gases which warm the planet, he said.

Most oil and gas emissions around 90 percent come from combustion, not production, according to research by Richard Heede of the Climate Accountability Institute. So when lobbyists claim Gulf drilling is cleaner, theyre focused on a narrow sliver of oil and gas emissions the 10 percent or so that comes from extracting, refining, and delivering fuels.

The offshore industrys new tricks fit into the oil industrys long history of denying the science, impact, and solutions to climate change, Jesse Coleman, senior researcher at Documented, told Vox.

All the greenwashing and finger-pointing, Stockman said, hides whats absolutely clear from the climate science: that we need less oil and gas, not more.

Offshore oil groups arent the only ones taking a new interest in this style of greenwashing. Many oil and gas companies are taking a new interest in their climate impact as they make the case that theyre less bad than their competitors and that they could help displace dirtier fuels.

One of those companies is Pioneer Resources, the biggest company operating in the Permian Basin, which wrote in its 2020 sustainability report about responsibly extracted oil and gas. It was referring only to its methane releases at production sites.

Currently, emerging markets for responsibly extracted oil and gas are developing in the U.S. and Europe, the company report said. These markets may offer premium pricing for natural gas and oil with verifiable sustainability performance.

Other companies have sought to rebrand or tout their investments in carbon capture and storage. In January, the CEO of Occidental Petroleum Corporation, Vicki Hollub, described the company as a carbon management company, claiming its carbon-capture investments would provide the world with net-zero carbon oil. Denbury Inc. also claims to be an industry leader in reducing CO2 emissions with something called blue oil another name for carbon capture.

Then there is the liquified natural gas terminal under construction in the Rio Grande Valley of Texas, which the energy company NextDecade has called the greenest LNG project in the world. Outside the US, Canadas oldest oil and gas trade group, which represents oil sands interests that carry a particularly bad reputation for their carbon intensity, has dropped the word oil from its branding.

Some degree of run-of-the-mill competition within the oil industry is to be expected. US producers have always wrapped themselves in the flag, and said its better to produce our own oil than get it from Middle East producers, said Oil Change Internationals Stockman. Whats less familiar is to see this on the climate front, at a time when the industry is facing unprecedented pressure from the courtroom to the boardroom. This is really starting to happen in the last year, Stockman said.

Louisianas Gov. Edwards has himself pointed out that his state is on the front lines of climate change. The Gulf of Mexico already faces coastal erosion, hurricanes, and polluted air. Thats what makes it so strange that hes repeating the oil industrys narratives.

The consumer is what increases or decreases demand, and the market will naturally fill whatever supply is needed, Edwards noted in his presentation to the Biden administrations Department of Energy. Thats certainly what the oil industry wants people to think that fossil fuel companies are just innocent bystanders who are trying to meet consumer needs but the science is clear. Demand and supply of new oil and gas need to shrink, and fast. What were seeing now is the fight for a piece of that shrinking market.

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UK, Norway to explore offshore wind links – reNEWS

Posted: at 10:01 pm

The UK and Norway are to cooperate on electricity interconnection and infrastructure that combines cross-border transmission with offshore wind generation in the North Sea.

UK Secretary of State for Business, Energy and Industrial Strategy, Kwasi Kwarteng (pictured) and the Norwegian Energy Minister Tina Bru revealed the plans in a joint statement today following their first in-person meeting in Oslo.

Todays commitment builds on what is already a transformative partnership between our two countries, making use of the extraordinary expertise we hold within the clean energy revolution to help fight climate change and create new business opportunities, they said.

This includes the development of carbon capture and storage underpinned by our bilateral memorandum of understanding signed in November 2018, the development of hydrogen technologies, and the opening up of our seas to unleash what is a ground-breaking new era of offshore wind power, the statement added.

It also noted that the two counties are celebrating the completion this month of the construction of the North Sea Link interconnector, with trading over the interconnector scheduled to start later this year.

Looking forward, we are committed to working together on further innovative opportunities to support our economies transition to clean, green energy as part of delivering our commitments under the Paris Agreement, the ministers said.

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Greenbrook TMS (GBNH) Withdraws Proposed Share Offering – StreetInsider.com

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Greenbrook TMS Inc. (NASDAQ: GBNH) today announced that it has elected to withdraw its previously announced public offering of common shares (the Offering). In light of market conditions existing at the time the Offering was commenced, and the subsequent completion of the Companys previously announced US$23.5 million private placement pursuant to Rule 506(c) under the U.S. Securities Act of 1933, the Company has determined to withdraw its short form base PREP prospectus in Canada and its registration statement on Form F-10 in the United States and, accordingly, will not be proceeding with the Offering.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Greenbrook TMS Inc.

Operating through 129 Company-operated treatment centers, Greenbrook is a leading provider of TMS therapy, an FDA-cleared, non-invasive therapy for the treatment of Major Depressive Disorder and other mental health disorders, in the United States. TMS therapy provides local electromagnetic stimulation to specific brain regions known to be directly associated with mood regulation. Greenbrook has provided more than 620,000 TMS treatments to over 17,000 patients struggling with depression.

Cautionary Note Regarding Forward-Looking Information

Certain information in this press release may constitute forward-looking information within the meaning of applicable securities laws in Canada and the United States, including the United States Private Securities Litigation Reform Act of 1995. In some cases, but not necessarily in all cases, forward-looking information can be identified by the use of forward-looking terminology such as plans, targets, expects or does not expect, is expected, an opportunity exists, is positioned, estimates, intends, assumes, anticipates or does not anticipate or believes, or variations of such words and phrases or state that certain actions, events or results may, could, would, might, will or will be taken, occur or be achieved. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts but instead represent managements expectations, estimates and projections regarding future events.

Forward-looking information is necessarily based on a number of opinions, assumptions and estimates that, while considered reasonable by the Company as of the date of this press release, are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to the factors described in greater detail in the Risk Factors section of the Companys current annual information form and in the Companys other materials filed with the Canadian securities regulatory authorities and the SEC from time to time, available at http://www.sedar.com and http://www.sec.gov, respectively. These factors are not intended to represent a complete list of the factors that could affect the Company; however, these factors should be considered carefully. There can be no assurance that such estimates and assumptions will prove to be correct. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company expressly disclaims any obligation to update or alter statements containing any forward-looking information, or the factors or assumptions underlying them, whether as a result of new information, future events or otherwise, except as required by law.

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Glen Akselrod

Investor Relations

Greenbrook TMS Inc.

Email: investorrelations@greenbrooktms.com

Phone: 1-855-797-4867

Source: Greenbrook TMS Inc.

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Greenbrook TMS (GBNH) Withdraws Proposed Share Offering - StreetInsider.com

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