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Flotek Industries Announces Timing of Fourth Quarter and Full-Year 2024 Earnings Release; Expects Strongest Quarterly Results of 2024

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HOUSTON, Jan. 30, 2025 /PRNewswire/ — Flotek Industries, Inc. (“Flotek” or the “Company”) (NYSE: FTK) today announced the Company’s schedule for releasing its fourth quarter and full-year financial and operating results for the periods ended December 31, 2024.

Chief Executive Officer Dr. Ryan Ezell commented, “We look forward to reporting our fourth quarter results, which we currently expect will be the strongest in terms of net income and adjusted EBITDA (1) as compared to the previously reported quarterly results for 2024.  Our continued financial and operational improvements reflect the considerable effort put forth by our employee group and the execution of our corporate strategy towards the convergence of innovative data and chemical solutions.” 

The Company plans to issue its fourth quarter and full-year 2024 financial and operating results press release after market close on Monday, March 10, 2025, and host its earnings conference call on Tuesday, March 11, 2025, at 9:00 a.m. CST (10:00 a.m. EST).

Participants may access the call through Flotek’s website at www.flotekind.com under “News” within the Investor Relations section, by telephone toll free at 1-800-836-8184 (international toll: 1-646-357-8785),  or by using the following link to access the audience view of the webcast at https://app.webinar.net/qDjWg9qga1Y approximately five minutes prior to the start of the call. Following the conclusion of the conference call, a recording of the call will be available on the Company’s website.

(1)

A non-GAAP financial measure.  See the “Unaudited Reconciliation of Non-GAAP Items and Non-Cash Items Impacting Earnings” in each of our 2024 quarterly earnings releases reconciling this non-GAAP measure to net income.

About Flotek Industries, Inc.

Flotek Industries, Inc. is a leading chemistry and data technology company focused on servicing the Energy industry. The Company’s top tier technologies leverage near real-time data to deliver innovative solutions to maximize customer returns. Flotek has an intellectual property portfolio of over 130 patents, 20+ years of field and laboratory data, and a global presence in more than 59 countries.

Flotek has established collaborative partnerships focused on sustainable and optimized chemistry and data solutions, aiming to reduce the environmental impact of energy on land, air, water and people.

Flotek is based in Houston, Texas and its common shares are traded on the New York Stock Exchange under the ticker symbol “FTK.” For additional information, please visit www.flotekind.com.

Forward-Looking Statements

Certain statements set forth in this press release constitute forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934) regarding Flotek Industries, Inc.’s business, financial condition, results of operations and prospects. Words such as will, continue, expects, anticipates, intends, plans, believes, seeks, estimates, outlook and similar expressions or variations of such words are intended to identify forward-looking statements, but are not the exclusive means of identifying forward-looking statements in this press release. Although forward-looking statements in this press release reflect the good faith judgment of management, such statements can only be based on facts and factors currently known to management. Consequently, forward-looking statements are inherently subject to risks and uncertainties, and actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking statements. Further information about the risks and uncertainties that may impact the Company are set forth in the Company’s most recent filing with the Securities and Exchange Commission on Form 10-K (including, without limitation, in the “Risk Factors” section thereof), and in the Company’s other SEC filings and publicly available documents. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this press release.

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SOURCE Flotek Industries, Inc.

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OPTIMUM AND MSG NETWORKS AGREE ON CARRIAGE DEAL

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NEW YORK, Feb. 22, 2025 /PRNewswire/ — MSG Networks and Optimum are pleased to announce they have reached an agreement for the relaunch of MSG Networks on Optimum video lineups.

MSG Networks and Optimum would like to thank everyone for their patience as we partnered to reach this new agreement to benefit our fans and Optimum subscribers.

Specific terms of the agreement were not released.

About MSG Networks
MSG Networks, a pioneer in sports media, owns and operates two award-winning regional sports and entertainment networks (MSG and MSG Sportsnet) and MSG+, a direct-to-consumer and authenticated streaming offering (included in the Gotham Sports App), that serve the nation’s number one media market, the New York DMA, as well as other portions of New York, New Jersey, Connecticut and Pennsylvania. The networks feature a wide range of compelling sports content, including exclusive live local games and other programming of the New York Knicks, New York Rangers, New York Islanders, New Jersey Devils and Buffalo Sabres, as well as significant coverage of the New York Giants and Buffalo Bills. This content, in addition to a diverse array of other sporting events and critically acclaimed original programming, has established MSG Networks as the gold standard in regional sports. MSG Networks is part of the Sphere Entertainment Co. (NYSE: SPHR).

About Optimum 
Optimum is a brand of Altice USA, one of the largest broadband communications and video services providers in the United States, delivering broadband, video, mobile, proprietary content and advertising services to approximately 4.6 million residential and business customers across 21 states. The company operates Optimum Media, an advanced advertising and data business, which provides audience-based, multiscreen advertising solutions to local, regional and national businesses and advertising clients. Altice USA also offers hyper-local news through its News 12 Networks.  

MSG Networks Contact:
Dan Schoenberg (dan.schoenberg@msg.com)

Optimum Contact:
Stephen Stokes (Stephen.stokes@optimum.com)
Erin Smyth (Erin.Smyth@optimum.com)

View original content to download multimedia:https://www.prnewswire.com/news-releases/optimum-and-msg-networks-agree-on-carriage-deal-302382817.html

SOURCE Sphere Entertainment Co.

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NetEase Cloud Music and Starship Entertainment Forge Copyright Partnership to Deliver Premium K-pop Content to Chinese Audiences

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HANGZHOU, China, Feb. 23, 2025 /PRNewswire/ — Korean entertainment group Starship Entertainment has entered into a copyright partnership with China’s premier online music platform, NetEase Cloud Music. This agreement brings Starship’s complete catalog, including the latest hits from renowned Korean girl group IVE and their third mini album, “IVE EMPATHY,” to Chinese audiences. The partnership not only boosts Starship Entertainment’s profile in China but also diversifies the music offerings available to Chinese listeners with a wider array of musical styles.

The collaboration capitalizes on the unique strengths of both entities in content creation and distribution. NetEase Cloud Music, hailed as one of China’s top online music platform, enjoys widespread popularity among the nation’s youth. Its vibrant music community enhances the efficiency of music distribution and expands Starship Entertainment’s reach among young Chinese music fans. Official figures show that NetEase Cloud Music has 206 million monthly active users, with more than 31.4% engaging with recommended tracks, marking a shift from traditional listening habits to a more engaged and unified community.

K-pop continues to thrive on the NetEase Cloud Music platform, with numerous artists from Starship Entertainment already gaining substantial recognition and positive commentary on the platform. Notably, the girl group IVE boasts over 349,000 fans on NetEase Cloud Music, with several of their songs amassing more than 100,000 favorites shortly after release. This highlights K-pop’s growing impact within the NetEase Cloud Music community. 

The copyright partnership with Starship Entertainment is a significant milestone in NetEase Cloud Music’s ongoing commitment to strengthening its K-pop offerings. In recent years, the platform has established partnerships with major South Korean entertainment firms including SM Entertainment, JYP Entertainment, YG Entertainment, Kakao Entertainment, and CJ ENM. These alliances have enabled NetEase Cloud Music to continuously introduce high-quality K-pop music to the Chinese market. As a result, the platform has developed an extensive library of licensed K-pop music, establishing itself as a crucial gateway for Chinese music fans to explore and appreciate the genre.

View original content:https://www.prnewswire.com/apac/news-releases/netease-cloud-music-and-starship-entertainment-forge-copyright-partnership-to-deliver-premium-k-pop-content-to-chinese-audiences-302382809.html

SOURCE NetEase Cloud Music

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Cufflink Vision: The End of Manual Utility Bill Data Entry

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Mountain Vector Energy introduces Cufflink Vision, a groundbreaking new feature that eliminates manual utility bill data entry by leveraging private AI models to extract, standardize, and integrate data seamlessly. Organizations using Cufflink Vision report a 90% reduction in data entry time, freeing energy managers to focus on efficiency, cost savings, and strategic decision-making.

ALBUQUERQUE, N.M., Feb. 22, 2025 /PRNewswire-PRWeb/ — Mountain Vector Energy is proud to announce Cufflink Vision, an advanced new feature in the Cufflink energy management system that eliminates the need for manual utility bill data entry. This cutting-edge tool automates data extraction and integration, freeing organizations from hours of administrative work so they can focus on making smarter, faster decisions.

“Over the years, we’ve been asked for utility bill management innovation from ESCO, Municipality, Healthcare, Industrial and Education entities. We’ve enabled this technology to make our customers’ lives just a little bit better.” – Steve Kiziuk, CEO of Mountain Vector Energy.

Say Goodbye to Tedious Tasks

For organizations managing multiple buildings, manual utility bill entry has long been a time-consuming, repetitive task. With Cufflink Vision, that era is over.

Cufflink Vision eliminates hours of administrative work, allowing energy managers to focus on strategy, efficiency, and cost savings. Custom, private AI models handle the data, while humans stay in control of making the decisions that impact their organizations.

Users can simply drag and drop utility bills into their Cufflink dashboard, where the system instantly extracts, structures, and uploads the data.

A Game-Changer for Energy Managers

A historical constraint for energy management is the ability to incorporate clean data. Utility bills are notoriously inconsistent—varying in format, containing handwritten notes, and following different billing cycles and tariff structures. By integrating custom, private AI models, the Mountain Vector Energy Engineering Team is transforming how data is cleaned. Cufflink Vision cuts through the chaos, seamlessly standardizing data from any utility bill.

Automating utility bill data entry, while preserving the bill image and linking the associated tariffs and riders is a new step forward in electric, gas, water, refuse, and fuel management. With accurate, structured data as the foundation, organizations can now streamline Measurement and Verification (M&V), ensuring that energy savings are tracked and validated with confidence.

Even messy bills are transformed into structured, digital data that integrates directly into Cufflink’s powerful energy management system. No more manual data entry. No more human error. No time wasted in clunky software.

Organizations already using Cufflink Vision have seen dramatic improvements in efficiency. On average, our customers report a 90% reduction in utility bill data entry time, shrinking from 10-20 hours a week to just 1-2 hours.

How It Works

Cufflink Vision streamlines utility bill processing by automating key tasks that traditionally required manual effort. Cufflink Vision executes the following tasks with ease:

Extracts data from PDFs, scanned utility bills and spreadsheets.Standardizes data, including handwriting, tariffs, and complex billing structures.Uploads structured data into Cufflink’s comprehensive energy management architecture.Flags inconsistencies for review, ensuring they are not overlooked.

True Automation—Not Empty Promises

Unlike competitors that claim to automate data entry but still require significant manual intervention, Cufflink Vision is a truly automated solution.

“We built Cufflink Vision because we’ve experienced the frustrations firsthand.” says Steve Kiziuk, CEO of Mountain Vector Energy. “Other existing solutions aren’t good enough—they still require manual intervention and do not scale. Over the years, we’ve been asked for utility bill management innovation from ESCO, Municipality, Healthcare, Industrial, and Education entities. We’ve enabled this technology to make our customers’ lives just a little bit better.”

About Mountain Vector Energy

Mountain Vector Energy is a leader in energy and water optimization, helping organizations cut costs, streamline operations, and meet ambitious sustainability goals. Through their patented energy management system, Cufflink, they provide the cutting-edge tools organizations need to navigate complex energy landscapes with confidence. Mountain Vector Energy is dedicated to helping organizations use their data to achieve real, measurable results.

This groundbreaking feature debuts ahead of the Opal Group’s EduTech Summit in Tempe, AZ.

Contact

For more information, visit mountainvector.com or contact:

Yovanna Araujo

505-549-7680

yovanna@mountainvector.com

linkedin.com/in/yovannaaraujo/

Media Contact

Yovanna Araujo, Mountain Vector Energy, 1 505-549-7680, yovanna@mountainvector.com, https://mountainvector.com/

View original content to download multimedia:https://www.prweb.com/releases/cufflink-vision-the-end-of-manual-utility-bill-data-entry-302382261.html

SOURCE Mountain Vector Energy

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