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.
Render Networks | June 14, 2022
Global leader in geospatial network construction technology, Render Networks, announced the expansion of its Network Construction Platform to include three solutions: Render Scale, Render Connect, and Render Redline - designed to reduce the time and effort required to manage all sizes and types of network builds.
The broadband industry is preparing to support over 10 million FTTH connections by the end of 2023. However, not all activity is focused on large, one-time fiber deployments. Increasingly, network operators and construction contractors are looking to solve adjacent construction challenges with the same field productivity and downstream efficiencies.
The platform’s broader capabilities now streamline construction beyond large-scale deployment, including stand-alone GIS redline changes, small or high-volume network maintenance works and customer drops.
Render Scale is the company’s flagship geospatial construction solution for managing large-scale deployment. Render’s Digital Construction Blueprint transforms network designs into a task-level GIS scope, harnessing the power of automation and machine learning to achieve industry-leading outcomes. Render’s customer portfolio has seen production rate increases of up to 30%, and direct project cost and schedule benefits of 20%.
Render Connect is a fast-start offering designed to manage small or high-volume builds with highly efficient digital construction processes. Protect margins with faster scoping and turnover of assets for customer connections and ongoing operations and maintenance work.
Render Redline is a light-touch redline change solution that helps construction teams simplify their redline change process with real-time GIS data capture and management. Working alongside existing construction systems and tools, Render Redline is simple to use and cuts redline change management overheads by up to 50%.
Network and construction teams are actively seeking responsive, agile, and innovative solutions that unlock new efficiencies, especially faster build times.”
Sam Pratt,Render CEO
“Render consistently enables network operators and EPCs to achieve some of the best network construction outcomes delivered across the industry. With the addition of Render Redline and Render Connect, our innovation now solves for the full breadth of network construction works, from initial deployment, through to customer connection drops and ongoing maintenance works.”
“By lowering barriers of entry and creating a new Redline change management solution, all network operators and construction teams can access Render and deliver outstanding results for the customers and communities they exist to serve.”
About Render Networks
Founded in 2013 with a mission to build networks better, Render has a successful history of streamlining large-scale network construction for CSPs and construction teams. Through the automation of manual tasks and improved utilization of resources, Render’s end-to-end geospatial network construction platform eliminates all paper-based processes, achieving real-time progress transparency and generating time and costs efficiencies of greater than 30% and improving visibility and control across global telco infrastructure rollouts.
Owens Corning | August 02, 2022
Owens Corning (NYSE: OC) announced it has completed the acquisition of Natural Polymers, LLC, a manufacturer of spray polyurethane foam insulation for building and construction applications, based in Cortland, Illinois.
“We are excited to welcome the Natural Polymers team and start working together on innovative product development, Natural Polymers’ proven technology advances our strategy to provide long-term, sustainable solutions and offer our customers a diversified insulation product portfolio.”
-Todd Fister, President Insulation.
Owens Corning expects to significantly grow this business in the coming years. Natural Polymers’ track record of above-market growth is anticipated to contribute to Owens Corning’s strategy to strengthen core building and construction products and expand the company’s addressable markets into higher-growth segments.
Natural Polymers is dedicated to the development of high-quality spray polyurethane foam products and systems, offering some of the lowest-volatile organic compound products available in the spray foam industry today.
About Owens Corning:
Owens Corning is a global building and construction materials leader committed to building a sustainable future through material innovation. Our three integrated businesses – Composites, Insulation, and Roofing – provide durable, sustainable, energy-efficient solutions that leverage our unique material science, manufacturing, and market knowledge to help our customers win and grow. We are global in scope, human in scale with approximately 20,000 employees in 33 countries dedicated to generating value for our customers and shareholders, and making a difference in the communities where we work and live. Founded in 1938 and based in Toledo, Ohio, USA, Owens Corning posted 2021 sales of $8.5 billion.