AIR Releases Climate Forecasts for Winter Season; Above Average Temperatures Expected in the Northern and Western United States.Business Editors/Environment Writers NOTE TO MEDIA: Multimedia assets available BOSTON--(BUSINESS WIRE)--Sept. 20, 2002 AIR Worldwide Corporation (AIR), the technological leader in catastrophe modeling
"The energy industry is one of many that will be impacted by this forecast. Higher than normal temperatures in the Northern United States The Northern United States is a large geographic region of the United States of America. Although the region includes a considerable portion of what is often called the American Midwest, most Americans refer to the region as simply "The North". equate to less demand for oil, natural gas and electricity for heating," said Mark Gibbas, AIR senior research scientist in meteorology meteorology, branch of science that deals with the atmosphere of a planet, particularly that of the earth, the most important application of which is the analysis and prediction of weather. . "With the recent volatility in the energy markets and the political situation in the Middle East, there is a tremendous amount of uncertainty in the energy sector. AIR's ClimateCast gives companies the information they need to support their operational planning and trading activities." AIR's ClimateCast forecasts provide average temperature and aggregate heating degree-days (HDD (Hard Disk Drive) See hard disk and HDD caddy. HDD - hard disk drive ) for three forecast windows. The current release provides a monthly view for October and November, three-month rolling views (Oct-Nov-Dec, Nov-Dec-Jan, Dec-Jan-Feb) and the aforementioned entire heating season (Nov-Dec-Jan-Feb-Mar) for the continental U.S. and all major cities nationwide. AIR ClimateCast forecasts are developed using an advanced climate forecasting system based on the latest technologies in climate modeling. Critical components of the system include, a state-of-the-art global climate model, a real-time data Real-time data denotes information that is delivered immediately after collection. There is no delay in the timeliness of the information provided. Some uses of this term confuse it with the term dynamic data. acquisition system, which ingests several gigabytes of environmental data daily and an advanced downscaling Global climate models (GCMs) are run at coarse spatial resolution (typically of the order 50,000 km²) and are unable to resolve important sub-grid scale features such as clouds and topography. As a result GCMs can’t be used for local impact studies. methodology developed by AIR to produce city-specific climate forecasts. ClimateCast forecasts are updated monthly to incorporate the latest oceanic and atmospheric conditions. The next ClimateCast update for winter 2002/03 will be released on October 15, 2002. Corporations that require more information about the AIR winter forecast and ClimateCast should contact Mark Gibbas at 617-267-6645 or ClimateCast@air-worldwide.com. About AIR Worldwide Corporation AIR Worldwide Corporation (AIR) is a leading catastrophe and weather risk modeling company. Through its web-based and computer software solutions (ClimateCast(TM), CLASIC/2(TM), CATRADER(R), CATMAP(R)/2, AIRProfiler(TM)), AIR services the insurance, reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. and capital markets. AIR's models simulate losses from both man-made and natural catastrophes in more than 35 countries. AIR is headquartered in Boston and has additional offices in North America, Europe and Asia. For more information, please visit the AIR website at www.air-worldwide.com. Note: A Photo is available at URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : http://www.businesswire.com/cgi-bin/photo.cgi?pw.092002/bb5 |
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