Construction Partners, Inc. Completes North Carolina Acquisition

Construction Partners, Inc | November 03, 2020

Construction Partners, Inc. (NASDAQ: ROAD) (the "Company" or "Construction Partners"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across five southeastern states, today announced that it has acquired Rose Brothers Paving Company, Inc., an asphalt and paving contractor based in Ahoskie, North Carolina. The transaction adds six hot-mix asphalt plants in eastern North Carolina, providing the Company with access to additional markets and expanding its footprint in the state.  The Company expects to continue to operate under the name "Rose Brothers Paving Company" in certain of the acquired markets. "This transaction represents an important strategic step for our organization as we expand into new North Carolina markets," said Fred J. (Jule) Smith, III, Chief Operating Officer of Construction Partners. "We welcome our new team members and look forward to a bright future in these market areas under the continuing leadership of Tim Rose and his team." Smith continued, "We are bullish on the North Carolina market and believe that long-term demographic trends and recent transportation funding initiatives are creating tailwinds for infrastructure and economic development in the state. As a result of the Rose Brothers transaction and our previously announced acquisition of Riley Paving, Inc. in October, we now have 15 hot-mix asphalt plants strategically located throughout North Carolina and 45 hot-mix asphalt plants company-wide."

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CONSTRUCTION

Zoned Properties Invests in AnamiTech & GreenSpace PropTech Platform

Zoned Properties, Inc. | June 29, 2022

Zoned Properties®, Inc. (the “Company” or “Zoned Properties”) (OTCQB: ZDPY), a leading real estate development firm for emerging and highly regulated industries including legalized cannabis, today announced the Company has invested in Anami Technologies, Inc. (“AnamiTech”), which recently launched its flagship property technology (“PropTech”) platform, GreenSpace. AnamiTech is the brainchild of Mike Wilson, a veteran entrepreneur and the founder and CEO of Temeka Group, an interior design and construction company serving brands like Vans, Nike, and the Los Angeles Clippers. More recently, Temeka Group began serving cannabis brands and it is credited with helping design and build some of the most modern and iconic stores in the industry today. Working closely with legal cannabis operators, Mike observed firsthand the myriad challenges facing startups in this nascent space. He went on to create AnamiTech to provide easy-to-use and cost-efficient business software for the industry. At the core of the Zoned Properties mission is to provide real estate services for emerging and regulated industries that can address the material pain points of complex real estate development projects. The Company is investing in PropTech projects that aim to focus on solutions to these obstacles from the very beginning of a project and provide support through a project’s operational growth. Zoned Properties is pinpointing critical needs in regulated real estate markets to address how the consumer and the community as a whole interact with the built retail environment. “We believe PropTech is the future of the real estate industry, and we are thrilled to add another amazing PropTech tool to our tech-stack at Zoned Properties, The synergies between Zoned Properties, AnamiTech, and Temeka Group were immediately evident once our teams started collaborating. We will work to position the GreenSpace platform along-side our own ReZone platform that is currently being developed and is in beta testing. We believe PropTech has the opportunity to add significant value to the emerging cannabis real estate sector.” -Berekk Blackwell, Chief Operating Officer for Zoned Properties. Investment Highlights & PropTech Platform Overview- Zoned Properties invested $50,000 in AnamiTech’s Series A convertible preferred stock financing. Zoned Properties, AnamiTech, and Temeka Group exploring formation of a strategic relationship. PropTech alignment between ReZone and GreenSpace platforms being evaluated. AnamiTech’s GreenSpace platform recently moved from beta testing into revenue stage. GreenSpace already interacting with users across 15+ cannabis operators and growers with over 100 locations across various state markets. GreenSpace platform utilized by major cannabis brands, including Cookies, Embarc, and Stiiizy. “We believe that a partnership with Zoned Properties and its PropTech platform would compliment AnamiTech’s GreenSpace platform, GreenSpace offers a holistic cloud-based software solution for cannabis operators, growers and others in the cannabis industry to manage their projects and day-to-day operations remotely, as well as monitor crucial time sensitive events and compliance requirements. The GreenSpace project has now launched nationwide, with new customers being added ahead of projections. We look forward to working with Zoned Properties, with a goal of integrating our two platforms for the cannabis industry and leveling the playing field for small to midsize companies. We believe a strategic alignment between AnamiTech and Zoned Properties could compress time to market for companies tapping into these powerful tools.” -Mike Wilson, Founder and Chief Executive Officer of AnamiTech. About Zoned Properties, Inc. (OTCQB: ZDPY)- Zoned Properties is a leading real estate development firm for emerging and highly regulated industries, including regulated cannabis. The Company is redefining the approach to commercial real estate investment through its integrated growth services. Headquartered in Scottsdale, Arizona, Zoned Properties has developed a full spectrum of integrated growth services to support its real estate development model; the Company’s Property Technology, Advisory Services, Commercial Brokerage, and Investment Portfolio collectively cross-pollinate within the model to drive project value associated with complex real estate projects. With national experience and a team of experts devoted to the emerging cannabis industry, Zoned Properties is addressing the specific needs of a modern market in highly regulated industries. Zoned Properties is an accredited member of the Better Business Bureau, the U.S. Green Building Council, and the Forbes Real Estate Council. Zoned Properties does not grow, harvest, sell or distribute cannabis or any substances regulated under United States law such as the Controlled Substance Act of 1970, as amended (the “CSA”). Zoned Properties corporate headquarters are located at 8360 E. Raintree Dr., Suite 230, Scottsdale, Arizona. About AnamiTech- AnamiTech is the brainchild of Mike Wilson, a veteran entrepreneur and the founder and CEO of Temeka Group, an interior design and construction company serving brands like Vans, Nike, and the Los Angeles Clippers. More recently, Temeka began serving cannabis brands and it is credited with helping design and build some of the most modern and iconic stores in the industry today. Working closely with legal cannabis operators, Mike observed firsthand the myriad challenges facing startups in this nascent space. He went on to create AnamiTech to provide easy-to-use and cost-efficient business software for the industry. AnamiTech offers purpose-built applications that allow cannabis businesses to operate efficiently and stay compliant, and for government agencies and financial institutions to connect with those businesses. About GreenSpace- GreenSpace is a product of AnamiTech, a maker of purpose-built software for the cannabis industry. We help cannabis businesses operate more efficiently and stay compliant and help government agencies and financial institutions connect with those businesses. AnamiTech applications translate complex processes into easy-to-follow tasks, both for operators and regulators, easing the regulatory burden for all stakeholder

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PERSPECTIVES,ENGINEERING TECH

Digital Engineering Growth Fuels Rush for Talent in Europe

ISG | June 30, 2022

Software is playing a growing role in reshaping engineering at European companies, causing a major upheaval in the digital engineering services market as providers scramble to hire more developers, according to a new research report published today by Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm. The 2022 ISG Provider Lens™ Digital Engineering Services report for Europe finds digital transformation has emerged later in Europe than in other regions but is now growing at a pace that is rapidly changing the market for engineering services. Providers from outside Europe are expanding their presence there, while European providers of traditional engineering services are trying to enter the digital market. “For many European companies involved in engineering, software is becoming a much more important part of their product and customer development strategy, Engineering services firms in Europe are teaming up with international providers to secure enough developers to meet the rising demand.” -Gaurav Gupta, partner and global head, digital engineering, at ISG. Several factors have slowed Europe’s adoption of digital engineering technologies and services, Midsize companies dominate most industries in the region and tend to favor in-house development. Some industries, including automotive and aerospace, turn to their close-knit supplier networks rather than to large service providers for engineering. And most European companies develop products so specialized that the internal mechanical, electronics and software teams need to work closely together, making extensive sourcing of engineering skills more difficult and complex. However, many industrial companies in the region are now motivated to undertake digital transformation, ISG says. Discrete industries are adopting automation because of high labor costs and increasing regulation, while also using new technologies to meet growing demand for highly customized products. In Europe’s process industries, massive enterprises with huge plants are implementing digital solutions to monitor, control and visualize all processes so their facilities can run for long periods of time without interruption. They are also adopting technologies to secure their assets from cyberattacks. Sustainability is part of most conversations, and enterprises are working quickly to align their digital engineering strategies with their sustainability commitments. As more customers demand digital services and direct access to manufacturers, companies in Europe and other regions are focused on creating digital customer experiences, the report says. An ecosystem of partners is emerging to make up for the lack of in-house expertise at many enterprises, creating a major opportunity for service providers. The 2022 ISG Provider Lens™ Digital Engineering Services report for Europe evaluates the capabilities of 41 providers across five quadrants: Design and Development, Connected & Intelligent Operations — Discrete Industries, Connected & Intelligent Operations — Process Industries, Integrated Customer/User Engagement and Experience, and Platforms and Application Services. The report names Accenture, Cognizant, HCL and Wipro as Leaders in all five quadrants. It names Capgemini, Infosys and TCS as Leaders in four quadrants each. The report names LTTS as a Leader in three quadrants and HARMAN Digital Transformation Services (DTS) as a Leader in two quadrants. AVL, Ferchau, FEV, IAV, Tech Mahindra and Zensar are named as Leaders in one quadrant each. In addition, Mphasis is named as a Rising Star — a company with a “promising portfolio” and “high future potential” by ISG’s definition — in three quadrants. Cyient, GlobalLogic and Tech Mahindra are named as Rising Stars in one quadrant each. About ISG Provider Lens™ Research- The ISG Provider Lens™ Quadrant research series is the only service provider evaluation of its kind to combine empirical, data-driven research and market analysis with the real-world experience and observations of ISG's global advisory team. Enterprises will find a wealth of detailed data and market analysis to help guide their selection of appropriate sourcing partners, while ISG advisors use the reports to validate their own market knowledge and make recommendations to ISG's enterprise clients. The research currently covers providers offering their services globally, across Europe, as well as in the U.S., Canada, Brazil, the U.K., France, Benelux, Germany, Switzerland, the Nordics, Australia and Singapore/Malaysia, with additional markets to be added in the future. About ISG- ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 800 clients, including more than 75 of the world’s top 100 enterprises, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,300 digital-ready professionals operating in more than 20 countries—a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry’s most comprehensive marketplace data.

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ENGINEERING TECH

IBM Acquires Dialexa to Speed Digital Innovation

IBM | September 26, 2022

IBM ( NYSE:IBM) today announced plans to acquire Dialexa, a leading U.S. digital product engineering services firm, to help companies drive innovation and achieve their digital growth agendas. The acquisition is expected to deepen IBM's product engineering expertise and provide end-to-end digital transformation services for clients. Dialexa will be the sixth acquisition IBM has made in 2022, further bolstering the company's hybrid cloud and AI skills and capabilities. Since Arvind Krishna became CEO in April 2020, IBM has acquired more than 25 companies. Thirteen of those acquisitions, including Dialexa, have been in IBM Consulting. Today's news builds upon IBM Consulting's prior acquisitions, including Neudesic, Sentaca, Nordcloud and Taos. The acquisition of Dialexa will be IBM Consulting's first in the fast-growing digital product engineering services market, which is estimated to reach $700 billion by 20261. Upon close, Dialexa will join IBM Consulting, spearheading IBM's digital product engineering services presence in the Americas. "In this digital era, clients are looking for the right mix of high-quality products to build new revenue streams and improve topline growth, Dialexa's product engineering expertise, combined with IBM's hybrid cloud and business transformation offerings, will help our clients turn concepts into differentiated product portfolios that accelerate growth." -John Granger, Senior Vice President, IBM Consulting. Founded in 2010, Dialexa delivers a suite of digital product engineering services, helping organizations create transformative products to drive business outcomes. Its multi-disciplinary and highly skilled team of 300 product managers, designers, full-stack engineers and data scientists, based in Dallas and Chicago, advise and create custom, commercial-grade digital products for clients such as Deere & Company, Pizza Hut US, and Toyota Motor North America. Dialexa has deep experience delivering end-to-end digital product engineering services consisting of strategy, design, build, launch, and optimization services across cloud platforms including AWS and Microsoft Azure. "Digital product engineering represents the tip of the spear for competitive advantage, IBM and Dialexa's shared vision for delivering industry-defining digital products could be a game changer. We are thrilled to become part of one of the world's most iconic companies to continue to scale and grow our global client relationships in this rapidly growing market." -Scott Harper, CEO and Co-Founder, Dialexa. The Dialexa team has been an outstanding partner for us in deepening our product thinking and assisting in our design practice on some of our key digital initiatives. It is rare to find a partner with such a strong combination of great thought partnership and deep execution capabilities, said Chuck Rhoades, Chief Technology Officer, Pizza Hut US. We're excited about the possibilities of bringing these two companies together. The transaction is expected to close in the fourth quarter of this year and is subject to customary closing conditions and regulatory clearances. Financial details were not disclosed. About IBM: IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. More than 4,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM's hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM's breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM's legendary commitment to trust, transparency, responsibility, inclusivity and service.

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MATERIALS,CONSTRUCTION

Carrier Ventures Invests in Next-Generation Sustainable Technology Startups

Carrier | September 15, 2022

Carrier Global Corporation ( NYSE: CARR), the leading global provider of healthy, safe, sustainable and intelligent building and cold chain solutions, has completed three new investments through its Carrier Ventures group. Archilogic, Butlr and Transaera – innovative startups in the healthy and green building space – are the newest additions to the Carrier Ventures investment portfolio of companies selected for their next-generation technology, high-growth potential and sustainability focus. "Carrier is pleased to add three more disruptive companies to the Carrier Ventures investment portfolio that share our commitment to decarbonizing buildings and creating healthier, safer environments for the people who occupy them, Our partnerships with Archilogic, Butlr and Transaera will help to accelerate the commercialization of next-generation technology, contributing to a more sustainable world." -Jennifer Anderson, Senior Vice President, Strategy, Business Development & Chief Sustainability Officer, Carrier. Archilogic is the holistic spatial data platform for the internet. It provides product managers and software developers with infrastructure for building scaled, spatially aware apps that let end users interact with their spaces in the way they need. Archilogic's software will be used in Carrier's Abound cloud-based digital platform to give customers a clear and accurate view of their building interiors in one easy interface, allowing them to unlock and visualize building data to create healthier, more efficient spaces. Butlr, a venture-backed startup spun out of the MIT Media Lab in 2019, was named one of the World Economic Forum's Technology Pioneers of 2022. The company's award-winning people-sensing platform uses body heat and machine learning to detect occupancy, headcount and activity, and generate accurate, real-time and historical spatial insights without collecting personally identifiable information. Butlr's thermal sensing technology will be embedded in the Abound digital platform. The combination of these cutting-edge technologies will provide building owners and operators with real-time insights to make confident decisions to improve energy efficiency while ensuring occupant wellness. Transaera is developing a new class of affordable, energy-efficient, sustainable cooling systems. Buildings account for about 40% of global energy greenhouse gas emissions, and 40% of that is from HVAC. Current air conditioners consume more energy in humid conditions, and the majority of future cooling demand is expected to come from people living in hot and humid climates. Transaera's novel desiccant technology uses a unique sponge-like material that grabs moisture from the atmosphere to enable its air conditioner to cool air more efficiently. The heat generated by the air conditioner is then used – instead of being wasted – to dry the material for the next cycle. Transaera intends to use this technology in partnership with Carrier to develop ultra-efficient climate systems. The company was named one of eight finalists in the Global Cooling Prize, an international innovation competition to develop an affordable and sustainable residential air conditioner. Launched in 2022 with a vision to accelerate the development of sustainable innovations and disruptive technologies, Carrier Ventures is an important accelerator of Carrier's 2030 Environmental, Social & Governance (ESG) Goal to help its customers reduce their carbon footprints by more than one gigaton. Carrier has also committed to investing more than $2 billion by 2030 to develop healthy, safe, sustainable and intelligent building and cold chain solutions that incorporate sustainable design principles and reduce lifecycle impacts. About Carrier: As the leading global provider of healthy, safe, sustainable and intelligent building and cold chain solutions, Carrier Global Corporation is committed to making the world safer, sustainable and more comfortable for generations to come. From the beginning, we've led in inventing new technologies and entirely new industries. Today, we continue to lead because we have a world-class, diverse workforce that puts the customer at the center of everything we do.

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