Tekfen | June 21, 2022
Tekfen Holding A.S., a leading conglomerate in the engineering, contracting and agriculture industries, announced a partnership and investment in Petra, the first undergrounding company using autonomous systems to bury critical utilities with robots capable of boring the hardest geologies in the world.
Tekfen Construction, the flagship company of Tekfen Holding, is renowned for the construction of large-scale projects—ranging from pipelines, power plants, industrial facilities, highways, railways, oil and gas terminals, tank farms, marine oil platforms, pumping and compressor stations, stadiums and high-rise buildings. Tekfen will implement Petra’s unique undergrounding technology into future construction, as well as grow their utility infrastructure business offerings. Together, they will utilize Petra’s technology in extreme environments where Tekfen Construction operates—European mountains, Middle Eastern deserts, and deep below existing urban infrastructure across EMEA—as well as explore new frontiers where Petra now makes undergrounding projects possible.
Petra’s undergrounding technology bores utility-sized tunnels through previously impenetrable geologies, making new projects possible in extreme environments. Petra provides engineers, contractors, and owners peace of mind by arming them with an undergrounding tool that successfully tackles nightmare geologies and changing ground conditions. Petra’s undergrounding machinery is equipped with remote operability, increasing safety measures on the job site.
In phase one of the partnership, Petra and Tekfen Construction will complete a 100-foot pilot tunnel in North American hard rock geologies that are substantially similar to Tekfen Construction’s traditional service area. Tekfen Construction will provide Petra with specifications of their typical pipeline projects and help inform Petra’s development of a trenchless method that can bore through mixed conditions, both hard rock and softer soils. The partnership will focus on developing projects which uniquely showcase the benefits and capabilities of the Petra technology, specifically focusing on opportunities in Europe, the Middle East, Africa, and CIS countries.
Petra’s one-of-a-kind tunnel boring technology will bring multiple benefits for the Company. Time is always a principal component of our responsibilities towards our clients in the projects we undertake. Difficult geographical and geological conditions are critical factors that affect our projects most adversely by interrupting project timelines, thus seriously affecting our costs. Petra will considerably shorten our drilling timelines. In addition to benefiting our future projects we are also excited to collaborate with the company to leverage Petra’s unique competitive advantage to pave the way towards new segments of the business.”
Mustafa Kopuz, President of Tekfen Construction
Petra created the first non-contact, thermal-drilling robot that can uniquely bore trenchless utility installations less than 72 inches in diameter through hard rocks. This makes it possible for Petra to bore utility tunnels through previously impenetrable geologies. Petra’s customers can rapidly bury critical utilities for a fraction of the cost of legacy techniques. Conventional microtunneling machines are purpose-built for a single diameter. By contrast, Petra is capable of boring a range of diameters between 18-72 inches, dramatically reducing the costs of tunneling and is designed to minimize downtime. The boring unit can be completely reversed, through the carrier pipe, to the inlet at any time during the operation, enabling system maintenance and cutterhead rescue.
“The world needs new undergrounding tools that are smart enough to handle changing ground conditions at various diameters through a variety of geologies,” said Petra CEO Kim Abrams. “Partnering with Tekfen Holding on some of the largest utility projects around the world will ensure communities have access to quality infrastructure that can be delivered economically to more places throughout the world.”
“Tekfen Construction’s success requires staying ahead of construction innovation—both in technology and new project opportunities—and Petra represents a novel way to innovate in both domains,” said Sinan Uzan, Tekfen Ventures’ President. “With more infrastructure safely underground, we can now envision new uses for the reclaimed above-ground land, including preserving biodiversity along with rights of way. Petra’s non-contact technology promises to lead the next wave of innovation for infrastructure construction at Tekfen and beyond. This kind of direct investment in a complementary US-based technology that is scalable worldwide represents a new path for the investment arm and we look forward to what’s possible working together.”
Petra is the first robotics company solely focused on undergrounding utilities. Petra is solving one of the biggest problems in utility infrastructure today: how to inexpensively underground utilities and enable trenchless installations in the most difficult geologies on earth. Petra changes the economics of undergrounding to make it more accessible for all communities. Underground your utilities with Petra to affordably safeguard your critical infrastructure.
Tekfen Holding is a publicly traded industrial conglomerate based in Istanbul, Turkey. The company conducts its operations in multiple countries with a workforce of 18000 employees through thirty-nine companies and thirteen subsidiaries, each of which is a leading name in its respective industries. The company’s five main areas are: Engineering and Contracting, Chemical Industry, Agricultural Production, Services and Investment. Tekfen Holding’s shares are traded on the Borsa İstanbul and are quoted in that exchange’s BIST 30 Index.
Altair | June 15, 2022
Altair, a global leader in computational science and artificial intelligence (AI), acquired Concept Engineering, the leading provider of electronic system visualization software that accelerates the development, manufacture, and service of complex electrical and electronic systems.
Concept Engineering provides automatic schematic generation tools, electronic circuit and wire harness visualization platforms that provide on-the-fly visual rendering, and electronic design debug solutions.
Concept Engineering's advanced, reactive visualization technology is a best-in-class solution to help organizations accelerate their designs that have specific design architecture requirements, as well as rigorous service needs. Integrating this technology into our electronic system design suite will offer our customers comprehensive and fast visual representations of complex system models and debug capabilities for electronic systems."
James R. Scapa, founder and chief executive officer, Altair
Concept Engineering's electronic system visualization and semiconductor design debug technology is available as a standalone solution and is also tightly integrated into more than 40 OEM design automation (EDA) and CAD tools to provide end users with smart debugging functionality while saving months of engineering time and support for computer aided tool development teams.
Concept Engineering has customers in three primary market segments:
Semiconductor design – Concept Engineering provides innovative electronic design debug solutions, enhancing semiconductor design quality and time to market. These solutions cover electronic systems, register transfer level (RTL), gate, and transistor design abstractions, for both analog and digital disciplines.
EDA and CAD tool development – Concept Engineering's family of automatic schematic generation and visualization software components help software developers create smart and high-performance debugging cockpits, shorten software tool development cycles, lower software development and maintenance costs, and increase product quality of EDA tools.
Industries with complex electrical systems – Concept Engineering provides advanced visualization of electrical circuits, wire harnesses, and components for rapid and reliable development, manufacture, and service for industries that require highly specialized debugging and visualization mechanisms for development and post-production product maintenance. These industries include automotive, aerospace, industrial and robotics, medical, transportation and logistics, and construction and agriculture.
"With more than 30 years of experience, we are proud to have built tools and technologies that help electronic design engineers easily understand, debug, optimize, and document electronic designs," said Gerhard Angst, president and chief executive officer, Concept Engineering. "Being part of the Altair ecosystem will expand access to our tools at a time when the complexities surrounding electronic systems are greater than ever. We also look forward to continuing our deep and longstanding partnerships with our OEM clients."
Concept Engineering's software will be integrated into Altair's Electronic System Design suite and available via Altair Units, which gives customers easy access to Altair's entire portfolio of software solutions.
Altair is a global leader in computational science and artificial intelligence (AI) that provides software and cloud solutions in simulation, high-performance computing (HPC), data analytics, and AI. Altair enables organizations across all industries to compete more effectively and drive smarter decisions in an increasingly connected world – all while creating a greener, more sustainable future.
Procore | July 16, 2022
Procore Technologies, Inc.a leading global provider of construction management software, today announced it is working with Amazon Web Services (AWS) to leverage AWS IoT TwinMaker to extend the value of construction data into facility operations. The tools AWS IoT TwinMaker provides accelerate the creation of digital twins for buildings, factories, industrial equipment, and production lines.
Procore’s platform serves to connect all construction stakeholders in the lifecycle of a built asset. AWS IoT TwinMaker will allow Procore data to be integrated from design and construction into operations. Procore project owners will be able to incorporate as-built information from Procore with real-time data sources using TwinMaker, extending the value of construction information into operations. This consolidation of information can streamline operations and maintenance and enable lifecycle analysis of portfolio assets.
“We’re very excited about our partnership with AWS. Roughly 80% of the lifecycle cost of a project is in the operations phase, With this partnership we can leverage Procore’s course of construction data during that operations phase to help owners reduce costs, optimize performance, and be better prepared for future project needs.”
-Tiffany LaBruno, product director, owners at Procore.
AWS IoT TwinMaker will make it faster and easier to create digital twins of real-world systems. Using AWS IoT TwinMaker, developers can get started quickly building digital twins of devices, equipment, and processes by connecting AWS IoT TwinMaker to data sources like equipment sensors, video feeds, and business applications. Built-in connectors for integration with sensors, 3D visualization, and downstream data analytics are transforming the built environment.
Procore is a leading global provider of construction management software. Over 1 million projects and more than $1 trillion USD in construction volume have run on Procore's platform. Procore’s platform connects key project stakeholders to solutions Procore has built specifically for the construction industry—for the owner, the general contractor, and the specialty contractor. Procore's App Marketplace has a multitude of partner solutions that integrate seamlessly with Procore’s platform, giving construction professionals the freedom to connect with what works best for them. Headquartered in Carpinteria, California, Procore has offices around the globe