ENGINEERING TECH

McDermott's CB&I Storage Solutions Completes Conceptual Design for World's Largest Liquid Hydrogen Sphere

McDermott | August 13, 2021

McDermott International, Ltd today announced that its CB&I Storage Solutions business has completed the design of a 40,000 cubic meter liquid hydrogen sphere as part of a study awarded by a leading natural gas producer earlier this year.

"Viable storage solutions play a critical role in supporting a large-scale hydrogen economy," said Cesar Canals, Senior Vice President, CB&I Storage Solutions. "This study confirms the feasibility of scaling up liquid hydrogen solutions beyond what was previously thought possible and positions us to better serve our customers in this growing industry."

The conceptual design for a double-wall liquid hydrogen sphere with a storage capacity of 40,000 cubic meters is approximately eight times larger than the world's largest liquid hydrogen sphere currently under construction by CB&I Storage Solutions for NASA.

"This study is just the beginning of achieving what's possible for liquid hydrogen storage," said Samik Mukherjee, Executive Vice President and Chief Operating Officer. "We believe our engineering expertise will make a real, tangible difference in realizing the energy transition."

About CB&I Storage Solutions
CB&I Storage Solutions is the world's leading designer and builder of storage facilities, tanks and terminals. With more than 59,000 structures completed throughout its 130-year history, CB&I Storage Solutions has the global expertise and strategically-located operations to provide its customers world-class storage solutions for even the most complex energy infrastructure projects.

About McDermott
McDermott is a premier, fully-integrated provider of engineering and construction solutions to the energy industry. Our customers trust our technology-driven approach engineered to responsibly harness and transform global energy resources into the products the world needs. From concept to commissioning, McDermott's innovative expertise and capabilities advance the next generation of global energy infrastructure—empowering a brighter, more sustainable future for us all. Operating in over 54 countries, McDermott's locally-focused and globally-integrated resources include more than 30,000 employees, a diversified fleet of specialty marine construction vessels and fabrication facilities around the world.

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EMBEDDED TECH

75F Announces New Siemens AG Investment, Bringing Total Funding to $28M

Siemens Smart Infrastructure | July 19, 2021

75F, the global leader in IoT-based building automation technologies for optimizing indoor air quality and energy efficiency in commercial spaces, announced today that Siemens AG had invested. Siemens Smart Infrastructure was represented in the investment by Next47, a global venture capital firm backed by Siemens. The newest round of funding for 75F's Series A round takes the company's total capital to $28 million. Next47 joins a notable group of investors backed by 75F, including Bill Gates's Breakthrough Energy, OGCI Climate Investments, and WIND Ventures. 75F's vertically integrated, full-stack solution includes proprietary hardware and software that works right away to improve comfort and indoor air quality while reducing building energy consumption. The system uses built-in artificial intelligence to create a digital twin of any commercial building, using data from a wireless sensor network and third-party weather forecasts to predictably and proactively redirecting air where it is most needed. Every day, each customer building analyzes and makes hundreds of thousands of individual decisions based on over a million data points. As a result, the system is the market's first IoT-native solution, a differentiator that leads to more connected, intuitive, efficient, and cost-effective building operations. About 75F 75F develops and produces the world's top IoT-based Building Management System, an out-of-the-box, vertically integrated system which is less affordable and easier to deploy than anything else on the market today. The company uses IoT, Cloud Computing, and Machine Learning to provide data-driven, proactive building intelligence and HVAC and lighting optimization controls. Some of the greatest names in energy and technology are among the investors. 75F's goal is to increase occupant productivity by improving comfort and indoor air quality while saving energy and the environment. About Siemens Smart Infrastructure Siemens Smart Infrastructure (SI) is reshaping the market for intelligent, adaptive infrastructure for the present and future. It connects energy systems, buildings, and industries to solve the pressing challenges of urbanization and climate change. SI offers clients a comprehensive end-to-end portfolio from a single source, including products, systems, solutions, and services from power generation to consumption. An increasingly digitalized ecosystem helps customers thrive and communities develop while also contributing to environmental protection. SI creates caring environments. The global headquarters of Siemens Smart Infrastructure is in Zug, Switzerland. The company has about 69,600 employees worldwide as of September 30, 2020.

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MARKET

Rimkus Consulting Group, Inc. Acquires Capital Consulting International

Rimkus Consulting Group | December 23, 2021

Rimkus Consulting Group, Inc. (“Rimkus”), a worldwide provider of forensic engineering and technical consulting services, announced the acquisition of Capital Consulting International (“CCi”), a global consultancy of delay, quantum, and technical experts advising the insurance and construction industries. As a result of the acquisition, Rimkus is significantly expanding the company’s international footprint in the United Kingdom, United Arab Emirates, Singapore, Australia, and New Zealand.“We have been looking for the right opportunity to introduce the Rimkus name in areas where we have not been represented prior to this acquisition. CCi’s unparalleled reputation in helping its clients resolve construction claims and disputes and geographic footprint greatly expand our capabilities worldwide,” said Curtis Brown, Chairman and Executive Director, Rimkus Consulting Group. “As our clients continue to expand, we understand the importance of growing both geographically in reach and services. As we join our teams together, we’ll share the same values of providing specialized approaches and client-first relationships. The growing Rimkus portfolio and team is proving to be one of the best in the industry,” -Robert Kocher, President and Chief Executive Officer, Rimkus Consulting Group. Joining forces with Rimkus allows us to significantly expand our core skill sets, especially our forensic engineering and technical disciplines on insurance claims and construction disputes around the world. We’re looking forward to being able to deliver our triumvirate of services of time, cost, and engineering on a truly global basis, utilizing the resources and geographic reach that Rimkus affords us. This is a very special and unique day for both companies, and I am very much looking forward to being a part of our continuing journey together, said Alan Purbrick, Chief Executive Officer of Capital Consulting International. Rimkus operates more than 101 offices across the United States, Canada, and the United Kingdom with a network of more than 1,100 employees. About Rimkus Consulting Group, Inc. Rimkus Consulting Group, Inc. is a worldwide provider of forensic engineering and technical consulting services to corporations, insurance companies, law firms, and government agencies. Rimkus forensic experts assist clients with the responsive and timely resolution of claims and disputes across a wide range of industries. Rimkus also provides architecture, engineering, and construction services for the built environment, including restoration design, facilities risk assessments, and due diligence property condition assessments. For more than 35 years, the company’s professional engineers, architects, scientists, and technical specialists have been recognized for their commitment to service excellence by local, national, and international business communities. Rimkus operates more than 101 offices across the United States, Canada, and the United Kingdom. For more information, visit www.rimkus.com. About Capital Consulting International CCi is an independent consultancy that has an international reputation for expertise in both the insurance and construction industries. The company’s delay, quantum, and technical experts bring clarity and resolution to some of the world’s largest and most complex claims and construction disputes. With a dedicated team of industry experts operating from 17 offices around the world, CCi is focused on building long-term relationships with stakeholders to provide the relevant support to meet their changing business needs. With more than 25 years’ experience, CCi has an enviable reputation for truly unique and unrivalled service to the global insurance and construction markets. For more information, visit www.cci-int.com.

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ENGINEERING TECH

Matterport Announces Investment in Digitization Tech Company SIMLAB to Accelerate Building Design, Construction and Management

Matterport | August 02, 2021

SUNNYVALE, Calif. and GLIWICE, Poland, the leading spatial data company driving the digital transformation of the built world, today announced its strategic partnership and investment in SIMLAB, a technology company that specializes in the digitization of buildings throughout the design and construction phases and the development of software toolkits to help architecture, engineering, and construction (AEC) teams communicate more efficiently and effectively at every project stage. Using the Matterport platform, the company creates products and features that integrate Matterport digital twins with Building Information Modeling (BIM) and smart home IoT technologies. The partnership is intended to fuel the development of new integrations and innovative products to meet the needs of AEC customers. "Our partnership with SIMLAB further cements Matterport as the spatial data platform of choice for the AEC industry," said RJ Pittman, Chief Executive Officer and Chairman of Matterport. "As a publicly-traded company we intend to further accelerate our growth by continuing to pursue strategic investments in partners like SIMLAB. Additionally, this is a clear example of our rapidly expanding developer ecosystem that aims to deliver best in-class industry solutions through a robust library of third-party add-ons and integrations from some of the most innovative companies spanning many important industries across the built world. Together with SIMLAB, we're excited to accelerate innovation and bring new tools to the industry worldwide." "The Matterport platform is a game-changer for the global construction industry by making it easy to digitize buildings at any stage of development," said Marek Kozlak, founder and CEO of SIMLAB. "Matterport has opened up their spatial data platform to enable companies like SIMLAB to extend the power of the digital twin with new tools that automate construction documentation and project workflows. Matterport's investment will accelerate our technology development and growth plans. We are excited to collaborate on the future of spatial computing and the built world for our customers all over the world." Matterport enables customers to capture a space with any supported camera, including the iPhone. Once captured, Matterport automatically creates a dimensionally accurate, photorealistic digital twin. With SIMLAB Stages, project stakeholders gain access to new functionality to more precisely track and view progress at all stages of construction from foundations to framing to mechanical-electrical-plumbing (MEP) to sheetrock and finishes. Inspections at construction sites can be done remotely and teams can collaborate with multi-user support, eliminating costly and time-consuming travel to job sites and speeding project execution timelines. About SIMLAB SIMLAB is a technology company focused on facility digitalization. We develop software apps for home and building owners, to be used by operators and occupants of offices, factories, hospitals, hotels, and multi-family residential buildings. SIMLAB apps turn personal living spaces and working environments into multimedia digital command centers, accessible by computer, tablet, and smartphone, empowering users with interactive and intelligent digital twins of their structures, leveraging a combination of 3D models of the facility, real-time data from sensors, and user-defined asset information. About Matterport Matterport, Inc. (NASDAQ: MTTR) is leading the digital transformation of the built world. Our groundbreaking spatial data platform turns buildings into data to make spaces more valuable and accessible. Millions of buildings in more than 150 countries have been transformed into immersive Matterport digital twins to improve every part of the building lifecycle from planning, construction, and operations to documentation, appraisal and marketing.

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