Benchmark | October 10, 2022
Benchmark Electronics, Inc. (NYSE: BHE), a global provider of engineering, design, and manufacturing services, today announced it is partnering with Yield Engineering Systems (YES) to transfer the manufacturing of the YES flagship product line to its facility in Malaysia, as well as providing engineering and manufacturing support for YES's upcoming innovative modular wet process systems in the Phoenix, Arizona area.
"We have developed a strong partnership with Benchmark built on trust and our combined expertise, We look forward to working closely with the team to bring our technology to a wider market, and to further expanding our footprint in the semiconductor capital equipment industry as the need for semiconductor manufacturing support continues to grow worldwide."
-Ramakanth Alapati, Chief Executive Officer of YES.
YES is at the leading edge of material modification and surface enhancement solutions. The company's patented technologies significantly enhance the speed, reliability, and cost-effectiveness of semiconductor production processes. YES's thermal, deposition, and wet process systems provide critical technology to semiconductor, life science, and display manufacturers large and small as they work to meet the demand for semiconductors, genomics, point of care diagnostics, and innovative displays.
Benchmark's Phoenix operation will be leveraging the company's deep expertise in the semiconductor capital equipment market, including mechatronic engineering, precision machining, and sub-system assembly. The partnership comes at a critical time as the CHIPS Act has created a flurry of activity around the semiconductor industry and demand for organizations supporting the industry has risen dramatically.
"YES is helping solve critical problems for their customers in the fast-growing semiconductor manufacturing industry, We're proud to be selected as their strategic partner and look forward to working hand-in-hand with their team to help bring their technology to market to meet the demand for semiconductor capital equipment."
-Jeff Benck, president and CEO, Benchmark.
About Benchmark Electronics, Inc:
Benchmark provides comprehensive solutions across the entire product life cycle; leading through its innovative technology and engineering design services; leveraging its optimized global supply chain; and delivering world-class manufacturing services in the following industries: commercial aerospace, defense, advanced computing, next-generation telecommunications, medical, complex industrials, and semiconductor capital equipment. Benchmark's global operations include facilities in seven countries and its common shares trade on the New York Stock Exchange under the symbol BHE.
About Yield Engineering Systems, Inc:
Yield Engineering Systems, Inc. (YES) is a preferred provider of high-tech, cost-effective equipment for enhancing surfaces and materials. The company's product lines include thermal processing systems, chemical vapor deposition (CVD) systems, and wet process equipment used for the precise surface modification of semiconductor substrates, semiconductor and MEMS devices, LED displays, and bio-devices. Customers ranging from startups to Fortune 100 companies rely on YES systems to create and volume-produce innovative products in a wide range of markets. YES is headquartered in Fremont, California, with a growing global presence.
Bentley Systems | November 14, 2022
Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced advancements to its construction management solution with enhancements to SYNCHRO 4D and the addition of SYNCHRO Cost and SYNCHRO Perform applications. The new advancements and portfolio expansion enable construction firms to transform how they plan, manage, and execute their projects.
“SYNCHRO helps The Lane Construction Corporation have access to all our project-level data. Our field and corporate managers, along with the executives who lead them, now have timely access to critical business information through SYNCHRO, It is access to this information that helps improve forward-looking decision-making. Our industry has been far too reliant on backward-looking reports and analysis. It is time to start looking ahead and planning for success. SYNCHRO helps us make a plan that we can rely on.”
-Andy Kaiyala, former vice president of bid development, The Lane Construction Corporation.
SYNCHRO 4D now offers advanced 4D/5D model authoring with leading-edge model-splitting tools to create constructible components, assignment of construction attributes to the model, mixed reality modeling, construction geometry placement, and web and mobile access to improve team collaboration, status updates, and progress reporting from the field. The addition of SYNCHRO Cost helps project teams control budgets and track financial progress throughout the contract with support for multicontract capture, payment application tracking, and change order management, minimizing financial risk and maximizing project profits. SYNCHRO Perform enables construction performance management including the ability to capture daily progress quantities, diaries, unplanned events, timesheets, tickets, and estimated field costs to provide the shortest cycle time for project feedback and productivity insights.
Construction firms are striving to deliver more complex projects, address resource gaps and supply chain disruptions, and manage data transparency issues while trying to win more work, manage risk, and deliver profitability. SYNCHRO’s advancements in leveraging 4D/5D models with web access for team collaboration, performance management for progress tracking and reporting, and cost management to minimize risk and maximize profits will transform the way projects are planned and delivered – with digitized workflows to address these challenges.
Leading-edge construction firms are using 4D models to build and optimize schedules and communicate sequencing and staging in a virtual environment. Digital rehearsals are a core part of their planning process to ensure resources are optimized, reducing rework and increasing safety. With the enhancements to SYNCHRO 4D, the accessibility and value of the 4D model is extended to more project stakeholders. The new capabilities improve communication and coordination of optimized plans, enabling real-time collaboration and model-based field-collected data to ensure projects stay on track.
“Construction teams need to ensure that they are in control of both the schedule and costs of their projects, The addition of SYNCHRO Cost and SYNCHRO Perform extends SYNCHRO’s industry leading 4D scheduling and project management solutions to include more capabilities to help contractors manage their costs and effectively connect the planning and tracking of costs and schedule. Time is money and we want project teams to save more of both with SYNCHRO.”
-Rich Humphrey, vice president of construction at Bentley Systems.
SYNCHRO Cost works with SYNCHRO 4D’s model-based quantity take-off, which includes model splitting to generate constructible components complete with work breakdown structure and cost codes so that estimators can quickly and accurately generate estimates. Moreover, SYNCHRO Cost can control contract changes and simplify payment applications, tracking line items and percentage complete against a schedule of values.
SYNCHRO Cost leverages the performance data in SYNCHRO Perform so project teams can manage and leverage field performance data to gain an accurate picture of actual costs from the field to compare to planned costs and schedule, delivering a complete view of the project’s performance. These digital workflows better connect the office and job site with real-time information. Supplementing contracts and change orders with evidentiary documents and images can prove invaluable in avoiding contract disputes.
With daily, clear line-of-sight into the management of all site resources from staff, sub-contractors, and equipment, SYNCHRO Perform fills the gaps between end-of-month financial reporting cycles. And, with project leadership potentially at a disadvantage when it comes to decision-making due to delays in progress capture and errors in data entry, SYNCHRO Perform provides a timely source of truth for all performance management data and metrics, so that project leadership knows the health of every project. Construction-specific features capture daily progress quantities, diaries, unplanned events, timesheets, tickets, and estimated costs from field personnel, providing leadership with the timely data they need to make informed decisions.
SYNCHRO supports the entire heavy civil construction project lifecycle, empowering firms going digital with real-time insight into the performance, productivity, and financial health of their projects to make more-informed, data-driven decisions. Project teams stay connected and become collaborative with simple mobile and web interfaces for office-to-field workflows.
About Bentley Systems:
Bentley Systems (Nasdaq: BSY) is the infrastructure engineering software company. We provide innovative software to advance the world’s infrastructure – sustaining both the global economy and environment. Our industry-leading software solutions are used by professionals, and organizations of every size, for the design, construction, and operations of roads and bridges, rail and transit, water and wastewater, public works and utilities, buildings and campuses, mining, and industrial facilities. Our offerings include MicroStation-based applications for modeling and simulation, ProjectWise for project delivery, AssetWise for asset and network performance, Seequent’s leading geoprofessional software portfolio, and the iTwin platform for infrastructure digital twins. Bentley Systems employs more than 4,500 colleagues and generates annual revenues of approximately $1 billion in 186 countries.
COASTAL CONSTRUCTION | September 09, 2022
Bespoke Metrics Inc. (Bespoke Metrics) is pleased to announce that the full-service contractor with headquarters in Miami, Florida, Coastal Construction Group, has selected COMPASS to assist in assessing and qualifying its trade partners.
COMPASS is Bespoke Metrics' pre-construction software suite that collects, centralizes, and analyzes trade data on behalf of general contractors across North America.
Operating in Florida since 1988, Coastal Construction Group employs approximately 400 people and has developed a distinguished roster of public and private clients. Coastal Construction Group has built its reputation on quality workmanship, workplace safety, and supporting local organizations and businesses through its philanthropic arm, Coastal Cares.
"We're extremely excited to be partnering with a technology that not only enhances our current prequalification program, but one that also benefits our trade contractor partners themselves. COMPASS allows for the efficient submission and collection of prequalification related data between the General Contractor and Trades, freeing up time for both parties to be better spent servicing our projects."
-Chris Robinson, Coastal Construction Group’s Director of Risk Management.
Coastal is a key partner for COMPASS and has an outstanding reputation of overseeing and building high quality projects in Florida. The addition of Coastal and our growing partnerships with local trade associations provide tremendous support in achieving our vision of unifying prequalification for all parties in Florida, said Mark Newman, Senior Vice President at Bespoke Metrics.
ABOUT COASTAL CONSTRUCTION:
Award-winning Coastal Construction Group and the Murphy family have been building projects throughout Florida for more than five decades and have earned a reputation as one of the leading contractors in the Southeast region. Coastal currently has operations in Miami, Palm Beach, Naples, Orlando, Tampa, and the Florida Keys, and specializes in commercial, hospitality, single and multi-family residential, educational, government-related facilities and disaster recovery projects. Coastal's portfolio includes more than 60 hotels and resorts in Florida, including the Ocean Reef Club, Fisher Island Club, St. Regis Resort & Residences Bal Harbour, the Miami Beach Edition, The Ritz Carlton South Beach, Four Seasons, Faena Hotel, and the West Palm Beach Hilton, The Cove Orlando and JW Marriott Water Street Tampa as well as numerous South Florida condominiums, office buildings and schools—such as the Porsche Design Tower, Residences by Armani Casa, Mystique, and the Bacardi World Headquarters.
ABOUT BESPOKE METRICS:
Bespoke Metrics is a data management and analytical model development company. We blend expertise in data control, model development and user interface to provide innovative solutions for industries looking to utilize data to its fullest. Our team was built with experience in risk analytics with a combined 100 years experience in the marketplace.