Montauk Renewables, Inc. Ranked #1 in Sunday Times Top 100 Companies of 2022
PITTSBURGH, Nov. 17, 2022 (GLOBE NEWSWIRE) -- Montauk Renewables, Inc. (NASDAQ: MNTK) (the “Company”), announced today the Company has earned the number one ranking in the Sunday Times Top 100 Companies of 2022 at an event held in Johannesburg, South Africa on November 10, 2022.
The Sunday Times Top 100 Companies is one of the most prestigious and highly anticipated events on the South African business calendar. The Sunday Times Top 100 Companies winners are determined by the highest returns for their shareholders over a five-year period with additional consideration given to compliance through good governance and ethical conduct. The Company completed its U.S. initial public offering on The Nasdaq Capital Market in January 2021, though Montauk retains its dual listed status on the Johannesburg Stock Exchange through which the Sunday Times determines qualifications.
About Montauk Renewables, Inc.
Montauk Renewables, Inc. (NASDAQ: MNTK) is a renewable energy company specializing in the management, recovery and conversion of biogas into RNG. The Company captures methane, preventing it from being released into the atmosphere, and converts it into either RNG or electrical power for the electrical grid (“Renewable Electricity”). The Company, headquartered in Pittsburgh, Pennsylvania, has more than 30 years of experience in the development, operation and management of landfill methane-fuelled renewable energy projects. The Company has current operations at 15 operating projects located in California, Idaho, Ohio, Oklahoma, Pennsylvania, North Carolina and Texas. The Company sells RNG and Renewable Electricity, taking advantage of Environmental Attribute premiums available under federal and state policies that incentivize their use. For more information, visit https://ir.montaukrenewables.com
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Forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, many of which are beyond the Company’s control and are difficult to predict, including, without limitation, risks related to acquisition, financing, construction and development of new projects and project expansions; licensing of technology; infringement on our patent(s); changes in commodity and environmental attribute pricing; changes in governmental economic incentives for renewable energy projects; changes in expected levels of production output for renewable energy projects; and the other risk factors described in more detail in the Company’s most recent Form 10-K annual report and other filings with the U.S. Securities and Exchange Commission at www.sec.gov. Therefore, actual outcomes and results may differ materially from what is expressed in such forward-looking statements. The forward-looking statements included herein are made only as of the date hereof. The Company undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events, or otherwise, except as required by law.