Drone Startup, PrecisionHawk, Sued for Breach of Contract and Unfair and Deceptive Trade Practices

prnewswire | August 26, 2020

PrecisionHawk, a leading company in the commercial drone services industry, has been sued for nine breaches of contract and for unfair and deceptive trade practices. The lawsuit was filed earlier this month in Wake County, North Carolina Superior Court by the law firm of Thomas K. Lindgren, on behalf of the plaintiffs, JP Business Group and Terravative. PrecisionHawk acquired Terraserver.com and other assets from the plaintiffs in 2015 under an agreement which required PrecisionHawk to use best efforts to generate and pay commissions to the plaintiffs for six years on the sales of commissionable products and services through Terraserver.com and all other PrecisionHawk sales channels.

Spotlight

Describes how to convert programmed points in a job to a relative job in user coordinates. This user coordinate can be retaught, and programmed points will remain in the same location and orientation relative to the user coordinate. This overview is designed for a two-axis ‘tilt-rotate’ positioner.

Spotlight

Describes how to convert programmed points in a job to a relative job in user coordinates. This user coordinate can be retaught, and programmed points will remain in the same location and orientation relative to the user coordinate. This overview is designed for a two-axis ‘tilt-rotate’ positioner.

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ToolWatch Announces Strategic Investment from The Riverside Company

ToolWatch Corporation | June 25, 2021

The Riverside Company, a global private equity company, has invested in ToolWatch Corporation, a major supplier of tool and equipment monitoring and operations management software for the construction, utilities, and oil and gas sectors. The investment prepares ToolWatch for rapid development and enables it to maintain its position as the construction industry's first and most complete operations management solution. Today, businesses all around the globe use ToolWatch to handle over 39 million tools and supplies. Riverside associate vice president Chris Shea highlighted ToolWatch's capacity to assist clients in resolving critical issues in preconstruction planning, logistics, and throughout the supply chain as reasons for the company's decision to invest in ToolWatch. "We view construction software as a highly promising development sector. While still in its early stages of technological adoption, the construction sector is seeing a rise in software tools to manage complex operations and essential processes better. ToolWatch is well-positioned to understand the specific requirements of its clients and offer purpose-built solutions as the pioneer in introducing technology to the construction site." ToolWatch's value proposition has always convinced customers in the construction sector to adopt technology solutions for operations management. ToolWatch products have evolved from barcodes to RFID chips, Bluetooth low-energy, and interconnectivity; expanded integration with other software platforms; and modernized to a fully cloud-based, real-time, enterprise-wide operations and production management system praised for its ease of use on the job site and in the back office. In addition to providing capital to enhance product development and customer support, the Riverside funding will be used to seek complementary add-on acquisitions to extend the product range and provide solutions for ToolWatch's client base. About ToolWatch Corporation ToolWatch has been assisting businesses in managing tools, equipment, materials, and consumables for over 25 years. ToolWatch, which is simple to use and provided through a powerful, flexible platform, securely saves vital information on all warehouse and field operation assets, allowing organizations to manage their operations more efficiently, cost-effectively, and profitably.

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MARKET

Bechtel selected as delivery partner for Metrolinx' Ontario Line

Bechtel | December 09, 2021

Bechtel, one of the world's most respected engineering, construction and project management companies, has been selected as the delivery partner for Metrolinx' Ontario Line in Toronto, a vital part of plans to create a more connected regional transit system. Bechtel, with sub-vendors Bantrel Co. and Comtech Group Inc, will provide resources, experience, and knowledge in preparation for the construction of the 15.6 kilometer (9.7 miles) rapid transit line through the city of Toronto. The Ontario Line will be the first new subway line project in 50 years with Bechtel bringing its expertise of working in similar urban environments to better maximize opportunities for contractors to deliver the project and engage with community and industry stakeholders to address construction concerns. "Bechtel is extremely pleased to have been selected by Metrolinx as their delivery partner for the Ontario Line in Toronto,Our team will bring considerable experience and lessons learned from similar recent roles around the world to help establish a collaborative integrated project team with the client and its other consultants and contractors. We look forward to the challenges and excitement of this historic project." -Kelvin Sims, Bechtel general manager, Infrastructure Americas. The project will require a mix of surface, elevated, and underground tracks to bring transit to more communities and will travel through dozens of vibrant neighborhoods. "The Ontario Line will be part of a truly integrated transit network that will make getting around the city and the entire region easier and more intuitive,Teams across Metrolinx are excited for this important project which will lift communities up and make them more successful and sustainable as the city grows." -Malcolm McKay, Ontario Line program sponsor for Metrolinx. The northern terminus will be located near the Science Centre and a critical connection to the Eglinton Crosstown Light Rail Transit line. The project's southern terminus will be at or near Exhibition Place and Ontario Place along the City's waterfront. The project includes 15 stations, six interchanges with other modes of transit, passenger pick-ups and drop off areas, and a maintenance and storage facility. The current anticipated completion of the project is end of 2030. About Bechtel Bechtel is a trusted engineering, construction and project management partner to industry and government. Differentiated by the quality of our people and our relentless drive to deliver the most successful outcomes, we align our capabilities to our customers' objectives to create a lasting positive impact. Since 1898, we have helped customers complete more than 25,000 projects in 160 countries on all seven continents that have created jobs, grown economies, improved the resiliency of the world's infrastructure, increased access to energy, resources, and vital services, and made the world a safer, cleaner place.Bechtel serves the Energy; Infrastructure; Nuclear, Security & Environmental; and Mining & Metals markets. Our services span from initial planning and investment, through start-up and operations. www.bechtel.com

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ENGINEERING TECH

SunTx Capital Partners Sells NationsBuilders Insurance Services

SUNTX CAPITAL PARTNERS | August 31, 2021

SunTx Capital Partners, a Dallas, TX-based private equity firm that invests in middle market manufacturing, distribution, and service companies, today announced the sale of NationsBuilders Insurance Services, the industry leader in specialty construction Risk Management and Insurance. Financial terms of the transaction were not disclosed. Headquartered in Atlanta, GA, NBIS is a program administrator and Managing General Underwriter that provides construction and transport insurance, and risk management services for specialized heavy construction equipment, residential builders, and related transport industries. In particular, NBIS is a premier insurer of crane and rigging equipment, with an exceptional safety track record and best-in-class management practices for the industries it serves. SunTx acquired a controlling stake in NBIS in 2005, with an eye towards building an industry leading platform that delivers compelling value for all stakeholders. Ned N. Fleming, III, Founder and Managing Partner of SunTx Capital Partners, said, "The success that NBIS has had is emblematic of our firm's track record of partnering with our portfolio companies to help them achieve transformational growth and operational excellence. During our ownership of the Company, there were many opportunities to sell the platform along the way, though we were committed to investing the time and resources to build a truly compelling market leader, well-positioned for continued success." Bill Tepe, President of NBIS, said, "Our long-term partnership with SunTx has enabled us to strengthen our market position by generating best-in-class, creative solutions to meet the risk management needs of our current and future clients. Ned, Mark, Craig and the entire SunTx team have been committed partners. We thank them for their contributions as we embark on the next phase of growth." ABOUT SUNTX CAPITAL PARTNERS SunTx Capital Partners, LP, is a Dallas, TX-based private equity firm that invests in middle market manufacturing, distribution and service companies. SunTx specializes in supporting talented management teams in industries where SunTx can apply its operational experience and financial expertise to build leading middle-market companies with operations typically in the Sun Belt region of the United States. The capital committed by SunTx comes from the principals of SunTx as well as from institutional investors, including leading university endowments, pension funds and insurers.

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