CONSTRUCTION

Leading Provider of Construction Systems Chooses Piedmont’s Atlanta Galleria for New Corporate Headquarters

Piedmont Office Realty Trust | March 28, 2022

Piedmont Office Realty Trust, Inc. an owner of Class A office properties located primarily in the Sunbelt, today announced that it has signed a 50,000 square-foot lease through 2034 with a leading provider of construction systems. The company will move its global headquarters to 600 Galleria Parkway, one of five buildings owned by Piedmont and known as the Atlanta Galleria Office Park.

“We are thrilled that Atlanta Galleria has been selected for a new worldwide headquarters location, Galleria’s vibrant environment, along with its unmatched, recently modernized onsite amenity set, and superior accessibility make it the ideal location for innovative companies that are looking to recruit and retain valuable talent in today’s competitive workplace.”

Alex Valente, Piedmont’s local Executive Vice President

Conveniently and uniquely connected to Truist Park and The Battery by a pedestrian bridge, the Atlanta Galleria Office Park’s 2.1 million square feet include five office buildings and three development sites surrounding a 6-acre, centrally located park, all with skyline views and with prominent visibility and direct access to major thoroughfares, I-75 and I-285. The Galleria also includes amenities such as a large, updated, on-site fitness facility, restaurants, and access to the Renaissance Waverly Hotel & Convention Center, as well as expansive outdoor collaboration space. Building 600 offers prominent signage opportunities facing I-75 and I-285.

About Piedmont Office Realty Trust
Piedmont Office Realty Trust, Inc. is an owner, manager, developer, redeveloper, and operator of high-quality, Class A office properties located primarily in the Sunbelt. Its approximately $5 billion portfolio is currently comprised of approximately 17 million square feet. The Company is a fully integrated, self-managed real estate investment trust (REIT) with local management offices in each of its markets and is investment-grade rated by S&P Global Ratings (BBB) and Moody’s (Baa2). Piedmont is a 2021 ENERGY STAR Partner of the Year.

Spotlight

Broadcast engineering is a subsection of electrical engineering, it basically deals with radio and television broadcasting. The near instantaneous transfer of information across the globe is only possible through satellites and other such equipment, which broadcast such information in the form of radio waves over vast distances in a really short span of time.


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CONSTRUCTION

Construction Site Preparation Equipment Market to hit US$ 1.6 bn by 2028, Says GMI

GMI | March 22, 2022

The construction site preparation equipment market is expected to surpass USD 1.6 billion by 2028, as reported in a research study by Global Market Insights Inc. The rising number of commercial construction projects, such as stadiums, warehouses, IT parks, academic buildings, and transport stations, across the globe is propelling the demand for construction site preparation equipment. Government initiatives to support infrastructure development and innovations in transportation & logistics sectors provide a favorable outlook for the regional industry. For instance, in January 2021, STRABAG SE and Johann Bunte were awarded a contract to widen a stretch of the A1 Autobahn that includes carriageways & bridge construction in Germany. The construction site preparation equipment market experienced a significant decline in growth due to COVID-19 pandemic in 2020. To reduce the virus spread, government authorities introduced stringent lockdown protocols and travel restrictions. In addition, to avoid the COVID-19 spread among colleagues or co-workers, they had announced a temporary closure of manufacturing facilities, hampering the equipment sale. The handheld auger is a spiral-shaped tool that is utilized to drill holes in the ground & other materials or surfaces, supporting their market growth. Industry players are focusing on introducing new augers to attract potential business clients. For instance, in December 2021, Makita UK, a power toll manufacturer, launched a new cordless earth auger with maximum drilling up to 200mm with a torque of 136 nm. The demand for construction site preparation equipment is increasing in Asia Pacific owing to urbanization and the growing population base. The increasing number of residential & commercial infrastructure projects led by a surge in government investments is boosting the market demand. For instance, in the Union Budget 2022 of India, the government declared that USD 6,081.3 million will be provided in 2022-23 for the completion of eight million houses as a part of the PM Awas Yojana. Industry participants in the construction site preparation equipment market are adopting different marketing strategies to improve their market representation. For instance, in March 2020, STIHL Inc. opened its online website, allowing customers to purchase its range of products from different categories. Some major findings in the construction site preparation equipment market report include: The demand for construction site preparation equipment will increase in North America impelled by the surge in residential development activities and the introduction of single-family housing projects. The Europe construction site preparation equipment market is supported by the government's focus on the development of green infrastructure as part of its climate change strategy. The European government is assisting municipalities by financing the development & implementation of integrated smart city programs. The growing population in the Asia Pacific region is creating the need for better infrastructures, such as houses, airports, schools, stadiums, hospitals, and government buildings, supporting the industry statistics. Growing industrialization & urbanization trends in Latin America are encouraging the expansion of residential & commercial development projects, creating a positive market outlook. The construction site preparation equipment industry growth is supported by government investments in transport, energy, residential, telecommunication, and industrial projects in the MEA region Additionally, government’s support for the infrastructure development of businesses and Small & Medium Enterprises (SMEs) is fueling the construction site preparation equipment market expansion. About Global Market Insights Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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CONSTRUCTION

Nubeva Announces Expanded Focus On Architectural, Engineering, and Construction (AEC) Industry

Nubeva Technologies | May 17, 2022

Nubeva Technologies a pioneer of next-generation solutions for ransomware, announces expanded efforts to help Architectural, Engineering, and Construction (AEC) firms better protect themselves from ransomware attacks. Based on industry-specific feedback and strong early adoption, the company is increasing its focus on the AEC as there is a clear need and fit for Nubeva's new breakthrough solution across the entire industry. With input from 100's of AEC firms, Nubeva's industry brief, Understanding Ransomware in the AEC, discusses the specific circumstances and challenges facing thousands of these companies in the United States alone. These organizations play a vital role in building and maintaining critical infrastructure, making them prime targets for ransomware. Due to industry-specific dynamics and computing models, findings are conclusive that the AEC industry experiences as much as 2x the ransomware attack rates as other industries. "When I first heard about Nubeva's ability to decrypt ransomware from a colleague, I was skeptical. But when we studied and tested it, we quickly realized this was the missing link in our security strategy and a silver bullet for attacks that get past our firewalls, EDR, backups, and other systems," said Andy Knauf, CIO of Mead & Hunt. "Ransomware Reversal essentially provides instant protection as my team was able to fully deploy Nubeva across all of our systems in hours, not weeks or months. It was really easy." Nubeva's Ransomware Reversal solution fills a vital gap for when ransomware gets past security systems, and organizations must recover quickly. The software solution enables organizations to decrypt files and systems locked during a ransomware attack to restore operations faster than other solutions. The software is simple to install across distributed environments, has next to zero ongoing maintenance, and is priced for widespread adoption across companies of all sizes. "It is clear that there is a vital need in this industry. We have booked and billed over $500,000 of contracts in its first 100 days of product availability, with a majority of orders coming from the AEC industry, Once a company engages with us, we see nearly a 50% close rate. In my experience, those are very exciting results. Normally enterprise software and infrastructure sales have nine-month average cycles. This is an excellent sign not only for product-market-fit but also pointing to a low cost of sales. As we establish a strong foothold in AEC, we will expand to other vertical industries, as clearly, this is a problem affecting everyone." Steve Perkins, CMO at Nubeva.

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MARKET

EarthDaily Analytics Provides Strategic Update and Announces Initiation of EarthDaily Constellation Construction

EarthDaily Analytics Corp | January 13, 2022

EarthDaily Analytics Corp. ("EDA" or the "Company"), a vertically-integrated data processing and analytics company pairing cutting-edge Big Data tools with proven Space technologies, provided a strategic update on its progress, including the initiation of construction on its EarthDaily Constellation of super-spectral satellites. Subsequent to EDA's formation in February 2021, the Company has undertaken a series of steps to ensure its long-term success, including but not limited to the following: Completed detailed plan for development of the Company's integrated EarthDaily service offering, including the launch of the EarthDaily Constellation satellites throughout 2023 Completed acquisition of Geosys agricultural geoanalytics business Incorporated Short Wave Infrared ("SWIR") and Thermal cameras into the EarthDaily Constellation to further enhance service offering and breadth of addressable markets Completed extensive industry procurement survey, RFP process, and vendor due diligence Received commitment from Antarctica Capital, an international private equity firm with $2 billion of assets under management, to support the construction of the $150 million EarthDaily Constellation Initiated construction of the EarthDaily Constellation, which is currently four months into the build process, with payments made for long-lead components ordered from market-leading industrial partners, who will be announced shortly Ongoing recruitment of additional software engineering personnel to support the EarthPipeline Software-as-a-Service ("SaaS") Ground Segment Invested in marketing and sales organization to drive both near-term revenues from the existing agricultural geoanalytics offering and long-term commitments for the forthcoming EarthDaily service offering Received AWS certification for EarthPipeline SaaS offering "With Antarctica Capital's solid backing, we have been able to move expeditiously in progressing the development and commercialization of the fully integrated EarthDaily service offering, while also increasing near-term revenues and diversifying the customer base for our Geosys agricultural geoanalytics business. By pairing the fully automated, endlessly scalable, cloud-native SaaS EarthPipeline data processing system with the ultra-high quality, Analytics-Ready Data and daily global coverage provided by the EarthDaily Constellation, EDA is positioned to provide innovative Big Data solutions to some of the greatest challenges facing our world today." -Don Osborne, Chief Executive Officer of EarthDaily Analytics Chandra Patel, Managing Director of Antarctica Capital, said, "EarthDaily represents an incredible opportunity to apply the tools of Big Data and Artificial Intelligence to an ever-expanding and extremely rich, super-spectral dataset that captures the Earth's landmass every single day. As firm believers in the promise of EarthDaily Analytics, our ability to provide the Company with both strategic guidance and substantial growth capital allows EDA to position itself as a well-capitalized and largely de-risked innovator, supported by both growing near-term revenues and material momentum towards unlocking its full potential with the launch of the EarthDaily Constellation. Whether as a means of supporting ESG monitoring and assurance mandates, predicting and tracking wildfires, monitoring containership traffic off the coast of California, measuring water uptake and harvested acres to support crop insurance underwriting in Brazil, or informing trading strategies for carbon and other global commodity markets, we are thrilled to support EDA in providing truly differentiated and value-added solutions to the diverse challenges of today and tomorrow." Mr. Osborne concluded, "As a well-capitalized company with proven capabilities in Space technologies and ultra-high volume data analytics, a growing book of both near-term revenues and long-term committed business, and a substantially de-risked path to the launch of the EarthDaily Constellation in 2023, we are very optimistic about the prospects for our business and look forward to providing further updates during this exciting period for EDA." About EarthDaily Analytics EarthDaily Analytics (EDA), a Canadian company with headquarters in Vancouver, British Columbia, provides evidence-based, actionable insights for addressing some of the world's greatest challenges, from sustainable agriculture and disaster management to climate change monitoring and forestry protection, among many others. Its Geosys division, with operations in Minneapolis, USA, and Toulouse, France, has more than thirty years of AgTech experience analyzing weather and satellite data for agriculture, serving stakeholders across the agricultural value chain with proven solutions for monitoring and benchmarking crops throughout the growing season. EDA has developed EarthPipeline, the world's first Ground Segment as a Service, that uses proprietary algorithms combined with the latest advancements in computer vision and machine learning to produce scientific quality Analytics Ready Data in the cloud at massive scale for "big data" infrastructure and geoanalytics. This fully automated processing pipeline is used with data from a number of satellite sensors to power the geoanalytics services by its Geosys division and is now also being offered commercially. EDA is also developing the EarthDaily Satellite Constellation to image the Earth's landmass and large maritime areas every single day, with the data being processed by the EarthPipeline to produce scientific-quality superspectral imagery that will power groundbreaking innovations in a wide range of AI and machine learning applications. For more information, visit www.earthdaily.com. About Antarctica Capital Antarctica Capital is an international private equity firm headquartered in New York with assets under management in excess of $2 billion as of December 31, 2020. Antarctica Capital is a registered investment advisor and is dedicated to investments in private markets and real assets and the establishment of long-term capital vehicles to leverage this investment focus. Antarctica Capital's investment approach is active ownership with an inherent focus on sustainability and to provide more than capital to develop companies. The firm has an absolute return focus, which leads the firm to rigorously evaluate and build conviction around idiosyncratic investment opportunities and build value through the implementation of its investment strategies, such as SIGA®, SARO® and SEREY™.

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MARKET

Terracon Acquires Wang Engineering Inc. of Illinois

Terracon | February 16, 2022

Terracon, an employee-owned firm with a long history of providing excellence in engineering consulting services, is pleased to announce it has acquired Wang Engineering Inc. (Wang) of Lombard, Illinois, which specializes in geotechnical engineering, construction inspection, and materials testing services. Over the past 39 years, Wang has provided geotechnical services to a wide range of clients throughout the U.S. including state and federal government as well as the private sector. The company has extensive experience performing geotechnical services for the City of Chicago, the Illinois and Indiana departments of transportation, and on other public transportation projects including highways, tollways, and railroads. A subsidiary company, Wang Testing Services, Inc., has been sold separately and was not purchased by Terracon as part of the acquisition. Wang Engineering and Terracon will continue to work with Wang Testing Services, Inc. as a teaming partner. "Wang is a well-respected provider of geotechnical engineering services in Illinois and Indiana with an impressive track record, We look forward to the addition of Wang's highly qualified team as we expand our services to transportation and infrastructure clients." -Gayle Packer, Terracon chair, president, and CEO Wang's 25 employees will immediately become part of Terracon. The firm will continue to operate locally as Wang Engineering Inc., A Terracon Company, and the transition will be seamless for clients. The new acquisition is supported by Terracon's existing offices in Chicago, Glendale Heights, Downers Grove, and Hartford, Illinois, as well as offices throughout Indiana and nearby states. "Joining Terracon enables Wang to continue to provide the same high level of quality services we've always provided to our clients, while providing expanded access to Terracon's national resources and expertise," said Paul Wang, president, Wang Engineering. "We look forward to sharing our enhanced capabilities to benefit our clients." "As a 100 percent employee-owned firm, we feel joining with Terracon is a terrific fit with how we value our employees,Our employees will continue to grow and bring new enhancements to our client relationships." -Corina Farez, P.E., P.G., and vice president of Wang Engineering The transaction was brokered by Environmental Financial Consulting Group (EFCG) of Denver. Jessica Barclay, managing partner of EFCG, said, We worked hard to find the best fit for the outstanding Wang Engineering team, and Terracon has already exceeded our expectations. They listened extremely well throughout the process and have prepared for integration and joint pursuit of new business opportunities with amiable professionalism. About Terracon Terracon is an employee-owned consulting firm comprised of more than 5,000 curious minds focused on solving engineering and technical challenges from more than 175 locations nationwide. We provide on-time and real-time data driven insights, provided by our talented employee-owners, to create an unmatched client experience that spans the lifecycle of any project, any size, anywhere. Terracon consistently ranks as a top 25 design firm by Engineering News-Record. Start to explore with us by visiting terracon.com. About EFCG The Environmental Financial Consulting Group (EFCG) was founded in 1990 to provide a data-driven and strategic edge to Architecture, Engineering, and Construction (A/E/C) firms to advance innovation, sustainability, and success of the industry. Services include M&A advisory, financial and strategic consulting, valuations, peer benchmarking analyses, industry executive conferences, and board presentations. Learn more at efcg.com.

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Spotlight

Broadcast engineering is a subsection of electrical engineering, it basically deals with radio and television broadcasting. The near instantaneous transfer of information across the globe is only possible through satellites and other such equipment, which broadcast such information in the form of radio waves over vast distances in a really short span of time.

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