Universal Engineering Sciences | March 15, 2022
Trent Anderson has been named Western Division President of Universal Engineering Sciences® (UES), a privately held national engineering and consulting firm specializing in geotechnical engineering, construction materials testing, building code compliance, threshold inspections, and environmental consulting. Anderson's experience spans over two decades in business, construction, engineering services, mergers and acquisitions, and leadership development. As Division President, he will oversee regional vice presidents, business unit leaders, and branch managers throughout California, Nevada, and Utah emphasizing effective communication between the Division and the National Leadership team. With this appointment, James Bristow, PE, will assume the role of Managing Partner, focusing on new and existing clients and the addition of new partner firms. As soon as NOVA Geotechnical & Inspection Services (NOVA) joined UES in May 2020, James Bristow was the company's Western Division President.
"Trent's management background and experience in mergers and acquisitions, greenfield expansion, and stabilizing operations will help accelerate the integration of all new and existing branches in the West, Trent and I will work together to improve organizational efficiencies and push for continued growth with this new management structure."
"My goal is to become an integral part of the growth strategy for the West, and I am honored to lead the amazing team already in place," said Trent Anderson. "There is a great deal of opportunity for UES to grow in the West, and with the increased focus on infrastructure, we are well positioned to help our clients and communities grow and thrive."
Anderson was most recently a Regional Vice President at Professional Service Industries, Inc. (PSI), where he led one of the firm's regions and was a member of the company's national strategic leadership team. Anderson played a critical role in the oversight of projects of all sizes and various sectors, including federal, transportation, commercial, healthcare, academic, and industrial. Anderson earned a Bachelor of Science in Agribusiness from Tarleton State University and a Master of Business Administration from Texas at El Paso.
Painhas SA | October 21, 2020
Publicly traded wave energy developer, Eco Wave Power (EWPG Holding AB, Stock Symbol: ECOWVE), announces today the strategic collaboration with Painhas for the technical support for the licensing of its' Portugal project. Painhas, which was founded in 1980, has more than 40 years of experience in providing engineering and construction, operation and maintenance services for the energy sector in Portugal and other countries (including Production, Distribution and Power Transmission sectors) Painhas will take an integral part in the technical support needed for the official licensing procedures for the Eco Wave Power planned 20MW wave energy project in Portugal, as part of the company's newly signed Concession Agreement with the Port Authority of Leixões, APDL. Once licensing is obtained, the parties will work towards a continued collaboration for the execution of the project.
FARO | July 20, 2021
FARO® Technologies, Inc., a global leader of 3D measurement, imaging, and realization solutions for the 3D Metrology, AEC (Architecture, Engineering & Construction), and Public Safety Analytics markets, today announced the signing of an agreement to outsource its manufacturing to Sanmina Corporation, a US-based Fortune-500 Electronic Manufacturing Service (EMS) provider.
"As the next step in our business transformation, we plan to transition FARO production from our three manufacturing sites in Lake Mary, Florida, Exton, Pennsylvania and Stuttgart, Germany to Sanmina," stated Michael Burger, President and Chief Executive Officer. "Following a rigorous selection process, we selected Sanmina as our partner based upon their proven ability to deliver quality products on required timelines. Together, we are confident in our ability to meet customer demand throughout the transition process."
"While this decision is not easy as it directly affects FARO employees, once complete our new operational model greatly simplifies operations, reduces costs and allows our management team to focus on the development and sale of differentiated technology to customers in our target markets," Burger continued.
The phased transition to a Sanmina production facility is expected to be completed over the next twelve months and result in approximately $12 million in annualized labor and material savings when complete. FARO believes the expected savings will have a negligible impact on 2021, followed by steady improvement through 2022, with the full benefit to be realized in the first quarter of 2023.
The Company expects to incur a cash charge of approximately $6 million in the second half of 2021, primarily consisting of cash severance and total pre-tax charges of $15 to $20 million through the first half of 2022 when including the impact of facility and other asset write-downs. With these charges, the Company expects it will fully realize the $75 to $85 million in restructuring charges announced in February 2020.
For 40 years, FARO has provided industry-leading technology solutions that enable customers to measure their world, and then use that data to make smarter decisions faster. FARO continues to be a pioneer in bridging the digital and physical worlds through data-driven reliable accuracy, precision, and immediacy.