Heckmann Corporation Changes Name to Nuverra Environmental Solutions and Will Trade Under New Ticker Symbol
16 Mai 2013 - 10:06PM
Business Wire
Heckmann Corporation (NYSE: HEK), one of the largest
companies in the United States dedicated to the removal, treatment,
recycling, transportation and disposal of restricted solids, fluids
and hydrocarbons, today announced that it has received
stockholders’ approval at the Company's annual meeting to change
its corporate name to Nuverra Environmental Solutions, Inc.
(“Nuverra”). The Company’s shares will begin trading on the New
York Stock Exchange (“NYSE”) under its new name and stock ticker
symbol “NES,” effective as of the market open on May 20, 2013.
Richard J. Heckmann, Founder and Executive Chairman commented,
"Since the origin of Heckmann Corporation in 2008 as a Special
Purpose Acquisition Company (SPAC), we transformed ourselves from
an investment vehicle to a leading presence in the country’s
massive push toward energy independence. We are now at the
forefront of an industry that is focused on meeting the vast needs
of fluids and solids handling as it relates to shale drilling for
oil and natural gas. During this transition, we made several
strategic acquisitions and in the beginning of 2013, decided it was
time to choose an identity for our nationwide presence that would
signify a company built to last. Mark Johnsrud and I believe this
new name and all that we can build around it will give our
customers, suppliers, stakeholders and employees an identity that
will stand the test of time. I am extremely proud of the progress
made so far, but even more excited to be part of the Nuverra
future.”
“The Nuverra brand represents a new era for our company as a
cohesive environmental solutions provider,” said Mark D. Johnsrud,
Chief Executive Officer and Vice Chairman of Nuverra. “We have
taken a strategic and customer-centric approach to our business
throughout our organization. We believe this approach will enable
us to operate more efficiently and better service our customers by
providing a broader range of full-cycle environmental solutions
across our national platform.”
The name “Nuverra” contains references to “new,” “green,”
“earth” and “time.” Nuverra reflects the broader focus of the
Company’s united operating units and a fundamental dedication to
supporting sustainable energy generation and American energy
independence.
The Company’s common stock has been assigned a new CUSIP number
of 67091K 104 in connection with the name change. Outstanding stock
certificates are not affected by the name change and do not need to
be exchanged.
Mr. Johnsrud, Mr. Heckmann and the Company's senior management
will ring the closing bell at the NYSE on May 29 to commemorate the
new Nuverra brand. For more information about Nuverra, please visit
http://www.nuverra.com.
About Nuverra
Nuverra is an environmental solutions company. The Company is
one of the largest companies in the United
States dedicated to providing comprehensive and full-cycle
environmental solutions to our customers in energy and industrial
end-markets. Nuverra focuses on the delivery, collection,
treatment, recycling, and disposal of restricted solids, water,
waste water, used motor oil, spent antifreeze, waste fluids and
hydrocarbons. The Company continues to expand its suite
of environmentally compliant and sustainable solutions to a
collection of customers that demand stricter environmental
compliance and accountability from their service providers.
Interested parties can access additional information
about Nuverra on the Company's web site
at http://www.nuverra.com, and in documents filed with
the United States Securities and Exchange Commission, on
the SEC's web site at http://www.sec.gov.
Forward-Looking Statements
This press release may contain "forward-looking statements"
within the meaning of the safe harbor provisions of the United
States Private Securities Litigation Reform Act of 1995. Words such
as "expect," "estimate," "project," "budget," "forecast,"
"anticipate," "intend," "plan," "may," "will," "could," "should,"
"believes," "predicts," "potential," "continue," and similar
expressions are intended to identify such forward-looking
statements. Forward-looking statements in the press release
include, without limitation forecasts of growth, revenues, adjusted
EBITDA and pipeline expansion, and other matters that involve known
and unknown risks, uncertainties and other factors that may cause
results, levels of activity, performance or achievements to differ
materially from results expressed or implied by this press release.
Such risk factors include, among others: difficulties encountered
in acquiring and integrating businesses, including Thermo Fluids
Inc. and Badlands Power Fuels, LLC; whether certain markets grow as
anticipated; and the competitive and regulatory environment.
Additional risks and uncertainties are set forth in the Company's
Annual Report on Form 10-K for the fiscal year ended December 31,
2012, the Current Report on Form 8-K filed on April 10, 2012, the
Current Report on Form 8-K/A filed on February 11, 2013, as well as
the Company's other reports filed with the United States Securities
and Exchange Commission, including the Company’s Proxy Statement
filed on October 9, 2012, and are available at http://www.sec.gov/
as well as the Company's web site at http://nuverra.com/. You are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date of this presentation.
All forward-looking statements are qualified in their entirety by
this cautionary statement. The Company undertakes no obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.
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Nuverra Environmental Solutions, Inc. (NYSE:HEK)
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