Hawaii looks to boost construction to offset industry slowdown

West Hawaii Today | January 13, 2020

Construction work in Hawaii is likely to slow next year, but state lawmakers seem inclined to go along with Gov. David Ige’s plan to budget extra money to boost state construction spending and give a lift to the industry. In a presentation to House and Senate lawmakers last week, Chief State Economist Eugene Tian said the good news is that state tax collections are up by about 6% thus far this fiscal year, initial unemployment claims are down, and the number of air seats to Hawaii is expected to increase by more than 6% in the first half of 2020. In recent months the state construction industry also has been doing great, Tian said, but the value of private building permits issued for the first 11 months of 2019 was flat.

Spotlight

Let’s travel back in time to 2008 - Linatex, a Danish supplier of technical plastics and rubbers for industrial applications, buys the new UR5 robot to automate a CNC machine tending application. Unlike a conventional robot arm, this 18.4 kg (40.6 lbs) arm didn’t need to be surrounded by a fence to protect facility workers.

Spotlight

Let’s travel back in time to 2008 - Linatex, a Danish supplier of technical plastics and rubbers for industrial applications, buys the new UR5 robot to automate a CNC machine tending application. Unlike a conventional robot arm, this 18.4 kg (40.6 lbs) arm didn’t need to be surrounded by a fence to protect facility workers.

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C-Crete Technologies Enters Into a Cooperative Agreement with DOE to Convert Carbon Ore to Eco-Friendly Construction Materials

C-Crete Technologies | July 13, 2021

C-Crete Technologies has engaged in a cooperative agreement with the United States Department of Energy to develop and market a new class of carbon-based construction materials. The materials may be utilized as a cementitious replacement for portland cement, the world's most used building material, in both the precast and cast-in-place construction sectors. Like any other naturally mined ore (iron, calcium, etc.), carbon ore or coal does not produce air pollution until heated, according to Dr. Rouzbeh Shahsavari, founder and president of C-Crete Technology, a business specialized in cutting-edge building materials technologies.Portland cement, on the other hand, requires a lot of energy to manufacture. In reality, its production and usage account for 5 to 8% of total global CO2 emissions, necessitating a rush to find materials to enhance or replace it. According to preliminary results, C-Crete's carbon-based material will function and cost similar to ordinary Portland cement. In addition, the collaboration with DOE will aid in translating promising lab findings into a scalable method capable of competing with Portland cement, a centuries-old construction ingredient.Carbon ore consumption has decreased in the past decade due to the increased use of renewable energy resources such as solar and wind. This opens up the possibility of converting the abundant but currently underutilized ore into building materials, thus accelerating the decarbonization of the construction sector. The yearly output of carbon ore in the United States exceeds 700 million tons, which is about an order of magnitude more than the annual cement production in the United States, around 80 million tons.The use of carbon ore by C-Crete will offer a new alternative feedstock for building materials. C-Crete Technologies works at the crossroads of materials science, nanotechnology, multiscale computations, predictive analytics, software, hardware, and manufacturing to create the next generation of breakthroughs for a low-carbon, energy-efficient world.

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UST Acquires Accrete Hitech Solutions to Scale its Digital Product Engineering Capabilities

UST | February 03, 2022

UST, a leading digital transformation solutions company, announced that it has acquired Accrete Hitech Solutions, a consulting and outsourcing company that provides information technology and engineering services focusing on hi-tech, semiconductor, and networking. UST is a leader in the product engineering space, and this acquisition will further add scale and depth into the digital product engineering portfolio for UST. UST has continued to grow inorganically through acquisitions and strategic investments, adding and enhancing its digital portfolio and capabilities across various industry verticals. Along with its innovation ecosystem and customer-centric philosophy, the company has experienced a higher than industry average organic growth. "At UST, we are laser-focused on expanding and improving our deep digital product engineering capabilities, and the acquisition of Accrete Hitech Solutions will help us achieve that goal. Together, we will create world-class solutions to empower organizations to streamline their operations." -Sunil Kanchi, Chief Investment Officer and Chief Information Officer, UST Accrete Hitech Solutions was founded in the heart of Silicon Valley with headquarters at Santa Clara, CA, US, and has offices in New Delhi, Gurgaon, Chennai, Bengaluru in India, and Singapore. The Accrete acquisition will combine the strengths and resources of the two companies to offer a broad range of IT and product engineering solutions and services. These include: Engineering services: Mechanical engineering design; Manufacturing engineering; Electrical and electronic services; Supply chain management and operations, among others. IT services: SAP CC; SAP CRM; Mobility, Network security, IT infrastructure, and software engineering, among others. "The highly experienced team of engineers and technologists from Accrete comes with a broad range of technology and engineering skills that will complement the existing global capability of UST. Together, our two companies will accelerate the digital-first journey of organizations worldwide," -Gilroy Matthew, VP, and Head of Semiconductor, UST. We are excited to be a part of a fast-growing global organization like UST," said Sanjay Minocha, CEO and Managing Director, Accrete Hitech Solutions. "Our focus has been to help businesses derive value through digital transformation via our IT and Engineering capabilities. Under the UST umbrella, we hope to make an even bigger impact in areas like networking and semiconductor services and solutions. About UST For more than 22 years, UST has worked side by side with the world's best companies to make a real impact through transformation. Powered by technology, inspired by people, and led by our purpose, we partner with our clients from design to operation. Through our nimble approach, we identify their core challenges and craft disruptive solutions that bring their vision to life. With deep domain expertise and a future-proof philosophy, we embed innovation and agility into our clients' organizations—delivering measurable value and lasting change across industries and around the world. Together, with over 28,000 employees in 25 countries, we build for boundless impact—touching billions of lives in the process. Visit us at ust.com.

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Universal Engineering Sciences And BDT Capital Partners Have Announced A Long-Term Strategic Partnership

BDT Capital Partners | July 30, 2021

Universal Engineering Sciences® (UES), a national leading engineering and consulting firm specialising in geotechnical engineering, construction materials testing, building code compliance, threshold inspections, and environmental consulting, has recently revealed that BDT Capital Partners, LLC ("BDT") has agreed to create a meaningful strategic investment in the company through an affiliate agreement. BDT, which is linked with BDT & Co., LLC, a merchant bank that provides long-term specialised capital to family- and founder-led firms, will become the majority stakeholder of UES, combining existing shareholders Palm Beach Capital, company founders, and the management group. Michael Burke, former AECOM Chairman and CEO and current UES Chairman, will remain in his current position. "UES is an industry leading geotechnical engineering, building materials testing, and environmental consulting services firm with an expanding national footprint," stated Ben Sher, Partner at BDT Capital Partners. "BDT's long-term commitment to the UES and Palm Beach Finance is consistent with our merchant banking approach of providing patient capital to founder and family-led firms, comparable to the enterprises that have formed the backbone of the UES platform." Nate Ward, co-founder of Palm Beach Capital, and industry veteran Gary H. Elzweig, PE, F.ASCE founded the UES family of firms. Elzweig will continue to serve as Vice-Chairman of the firm. Nate Ward and Palm Beach Capital will continue to be significant investors and will have board involvement. "We are delighted to work with BDT because of their experience investing in and coaching founder-led enterprises with transformative growth possibilities," Ward added. "We would like to thank our partners, as well as every member of the UES team, for their contributions that contributed to this critical milestone. UES will realise its aim of being the nation's most sought after, respected, and successful geotechnical, building materials testing, inspections, and environmental consulting firm with BDT as the principal investor." "The geotechnical engineering, construction materials, and environmental services industries are very fragmented," Burke said. "I see a tremendous deal of opportunity to identify and partner with strong, well-run businesses that will increase our portfolio and geographic reach." "As the country focuses on repairing and improving existing infrastructure, we play an important role in servicing engineering firms, developers, contractors, and architects in all of our locations. I am excited to work with this outstanding leadership team as they guide UES through our next chapter of tremendous growth and development." Founded in 1964 by Sy Israel, UES has over six decades of expertise and recognition as the best engineering and consulting firm in the geotechnical engineering area, and is well-positioned to serve the demands of commercial, residential, and civic customers nationwide. UES has recently merged with GFA International, Inc., NOVA Geotechnical & Inspection Services, Contour Engineering, Wallace-Kuhl & Associates, Construction Testing & Engineering, SUMMIT Engineering, Laboratory & Testing, P.C., GEOServices, LLC, McGinley & Associates, and Geotechnology Inc., making it one of the largest and most resource-rich organisations of its kind in the country. UES, a privately held corporation, has made a commitment to organic expansion as well as strategic acquisition. UES has locations in high-growth regions throughout the South, Midwest, and West, including Florida, Georgia, Alabama, North and South Carolina, Washington, D.C., California, Utah, Nevada, Missouri, Illinois, Kansas, Ohio, Kentucky, Tennessee, Mississippi, and Arkansas. The investment is scheduled to close in the third quarter of 2021, subject to customary restrictions. About Universal Engineering Sciences Universal Engineering Sciences, based in Orlando, is a fast-growing engineering and consulting firm with nearly six decades of experience in geotechnical engineering, construction materials testing, building code compliance, threshold inspections, and environmental consulting. UES is regarded as an industry pioneer, at the forefront of evolving technology, best practises, and relevant legislation. Public and private clientele are represented in projects ranging from transportation and healthcare to commercial and education. UES engineers, geologists, certified inspectors, and scientists are uncompromising in their commitment to excellence, treating each project as an opportunity to create long-term client relationships. UES recently ranked first on the Zweig Group Hot Firm List, which recognises the fastest-growing firms in the architectural, engineering, planning, environmental, and construction (AEC) industry. UES consults on projects of all kinds, with 2,500 professionals spread over 60 branches in 17 states, to assist deliver critical infrastructure and develop safe and successful communities. About BDT Capital Partners BDT Capital Partners provides long-term, distinctive capital to family and founder-led enterprises. Over the course of its investment funds, the firm has raised more than $18 billion, and its worldwide investor base has invested an additional $10 billion in debt and stock in the funds' portfolio firms. BDT & Company, the firm's affiliate, is a merchant bank that works with family and founder-led businesses to achieve their strategic and financial goals. BDT & Company offers problem-solving expertise and access to a world-class network of business owners and leaders.

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