MATERIALS

PennEngineering Announces Global Expansion in Japan

PennEngineering | October 13, 2021

PennEngineering®, the market leader in fastening solutions, announced it has expanded its global presence, launching its first PEM location in Tokyo, Japan. The expansion reflects PennEngineering®’s commitment to the region, and its focus on providing direct access to PEM® and Haeger® products and local resources, including advanced engineering and product support.

In 2019, PennEngineering® acquired Tokyo-based Eurotec Ltd., a specialty technical reseller of clinch and sheet metal fasteners and fastener installation systems. Eurotec Ltd. has transitioned to PEM® and continues to support the Company’s growth initiatives in the automotive, automotive electronics, consumer electronics and sheet metal fabrication markets.

“As a result of the growth in the industries we serve, many with headquarters in Japan, it is important for us to strengthen our relationships and establish a permanent presence in the region. This will enable us to collaborate directly with our Japanese customers and offer the capabilities they’re looking for in a global fastening solutions partner,”  

-Leonard Kiely, CEO of PennEngineering.

With PEM’s expansion in Japan, PennEngineering®’s global footprint now includes facilities in 17 locations around the world, including locations throughout the Americas, Europe, and Asia Pacific.

About PennEngineering
Since 1942, PennEngineering has enjoyed a sustained reputation as the global leader in the fastening industry. The company's leading brand, PEM® and microPEM® fasteners, are considered the premier product in the thin sheet fastening industry, while 6 additional respected brands support our expansive capabilities: Haeger® hardware insertion machines; PROFIL® specialty automotive fasteners; ATLAS® brand rivet nuts; PennAuto™ high-strength fastener solutions; SI® brand inserts and Heyco® molded and stamped products.PennEngineering's steadfast commitment to engineering expertise and global innovation ensures that we continue to grow our portfolio with technologies and solutions that allow our customers to not only keep pace with marketplace challenges – but exceed them.

Spotlight

Famous con man, or social engineer, Frank Abagnale, Jr. successfully posed as a Pan Am pilot, doctor, and prosecutor to avoid paying for services, as well as to perpetrate check fraud to the tune of $2.5 million in the mid-sixties. In this movie, a computer hacker social engineers the call center for the vehicle’s monitoring system and convinces the call center employee that his father is having a heart attack and needs the car to be started remotely


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ENGINEERING TECH

Jazeera Paints Held All in One Seminar, Inviting Engineers and Designers

Jazeera Paints | June 13, 2022

Jazeera Paints, the leading manufacturer of paints, colors, and construction solutions, held on Wednesday, June 8, 2022, in Hilton Riyadh, its All in One seminar. The seminar highlighted the company's 42-year journey to the groundbreaking achievement it holds today in the industry. All in One is a slogan for the solutions Jazeera Paints, as a company, provides to its valued clients. Products ranging from architectural, decorative, industrial, and marine products to protective paint, wood paint, and fire-resistant paint products, among other unique products. The product range has been carefully designed to meet the needs and expectations of customers when it comes to preference for base paints, pastes, insulation, external textures, and interior paints. Guests arrived around 6:30 p.m. and were greeted by Jazeera Paints' managers. Government representatives from various Saudi ministries, such as Ministry of Health and Ministry of Sport, delegates from prominent Saudi banks, and renowned Saudi engineers and interior designers were among the attendees. The seminar was well-received by the audience, witnessing the variety of Jazeera Paints' products and the extent to which a local brand can adhere to the highest international standards. The evening's star was Rust Effect, which invited engineers and interior designers to marvel at its breathtaking beauty and uniqueness among the company's other products. The seminar came to an end with a discussion of the Rust Effect, its characteristics, and various applications. Mr. Abdullah Al-Romaih, CEO of Jazeera Paints, expressed his joy and pride in what the company has accomplished thus far in the paints, colors, and construction solutions industry, exceeding all expectations. The seminar honors the company's and employees' efforts to provide the best and finest products for our valued customers. Jazeera Paints set out to provide high-quality products that meet international standards to the Saudi, GCC, and MENA markets. About Jazeera Paints Founded in Riyadh, Saudi Arabia in 1979, Jazeera Paints is a pioneering paint manufacturer in the Gulf Cooperation Council and Middle East and North Africa region, with an established reputation for manufacturing and exporting high-quality and eco-friendly paints. Since the founding of the company, its production capacity has grown to 400,000 tons annually, and Jazeera Paints is now displayed in more than 650 active showrooms!

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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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CONSTRUCTION

FARO's HoloBuilder™ Construction Progress Management Solution Gains Widespread Adoption

FARO | June 24, 2022

FARO® Technologies, Inc. (Nasdaq: FARO), a global leader in 4D digital reality solutions, today formally recognized the #Enterprise agreement by GOLDBECK to deploy FARO's HoloBuilder Construction Progress Management solution enterprise-wide as indicative of the healthy market adoption of HoloBuilder following the company's acquisition by FARO in June of 2021, which enabled the industry's first end-to-end #DigitalReality solution. Utilizing 360° photo capture technology, HoloBuilder enables a quick, easy, and efficient way to manage project progress and capture large amounts of visual information that becomes instantly accessible from anywhere. Integrations with best-in-class 360° cameras and third-party software tools make the #ConstructionTechnology easy to adopt and implement across global construction teams. GOLDBECK made the decision to roll out HoloBuilder organization-wide (i.e., Enterprise agreement) after utilizing the platform on major construction projects. With HoloBuilder, GOLDBECK's more than 10,000 employees benefit from digital solutions not only in the office but on the jobsite. Site managers use the platform to track and document construction work with precision, linking 360° photos of the site to the digital building plans, sorting them by location and time, and storing them securely in the cloud. "We are thrilled that GOLDBECK made our enterprise solution available to their entire organization, As we celebrate the anniversary of joining forces with FARO, we've made remarkable progress toward empowering construction professionals with the solutions they need to increase project efficiency. GOLDBECK is a textbook example of a global firm realizing the full potential and competitive advantage of using both high-accuracy 3D laser scanning through FARO as well as real-time 2D 360° photo capture and remote collaboration with HoloBuilder." -said Brian Kelly, Vice President of HoloBuilder at FARO "Digitalization utilizing HoloBuilder makes it much easier to document and manage construction progress whereby our site managers and everyone involved in planning can collect, evaluate, and work with the data better." -Sina Schliestedt, Teamlead BIM at GOLDBECK. In the year since the FARO acquisition, HoloBuilder has continued to enhance its offerings, releasing significant new features including Premium Analytics, HoloBuilder API, and SnapShots. The extensive functionality of Premium Analytics empowers technology and operations leadership to benchmark projects, users, and usage on an enterprise level. The flexible API allows users to remove data silos by connecting HoloBuilder to internal tools to unleash the full potential of virtual jobsites. Shareable SnapShots allow users to select and share specific photos of a project with select stakeholders. The combination of these powerful new tools continues to drive strong industry demand for HoloBuilder. About FARO FARO serves the AEC (Architecture, Engineering & Construction), O&M (Operations & Maintenance), 3D Metrology, and Public Safety Analytics markets. For over 40 years, FARO has been a pioneer in #RealityCapture, bridging the digital and physical worlds through data-driven reliable accuracy, precision, and immediacy, providing industry-leading technology solutions that enable customers to measure their world and use that data to make smarter decisions faster.

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ENGINEERING TECH

Watchmaker Genomics Raises $40M Series A Financing to Accelerate Growth and Expand Clinical Sequencing Product Offerings

Watchmaker Genomics | June 06, 2022

Watchmaker Genomics, a life sciences company specializing in the development of high-stringency applications focused on the reading, writing, and editing of DNA and RNA, announced it had secured $40 million in an oversubscribed Series A, bringing total funding to date to $53.5 million. The round was led by Decheng Capital, with co-investment from Eclipse Ventures. Founded in 2019, Watchmaker established an enzyme engineering technology platform that leverages recent advances in computational design and directed evolution. The founding team has deep domain expertise in next-generation sequencing (NGS) and clinical oncology assay development and a track record of building successful life science companies, notably Kapa Biosystems, Enzymatics, and ArcherDx. The company launched its first product in 2020 and has since achieved profitability with 175% year-over-year revenue growth. With this Series A round of financing, Watchmaker plans to accelerate investment in its protein engineering platform to deliver a suite of new products that address the demands of clinical sequencing and support emerging applications in single-cell analysis, epigenetics, and cell-free DNA. In addition, the company will expand commercial channels and manufacturing capacity, making these product solutions more broadly accessible to the life science and genomics communities. "We are thrilled to partner with Watchmaker Genomics as the company enters its next phase of product innovation and commercialization. The experienced team at Watchmaker has already built a strong foundation, and we look forward to supporting their continued growth," said Decheng Capital Partner Victor E. Tong, Jr., who is joining the Watchmaker Board of Directors. "Watchmaker is developing tools and techniques that will unlock the future of genomics, both in the lab and the clinic. We are excited to partner with this world-class team as they pioneer the new frontier of genomics and ultimately, significantly improve how we treat diseases," said Eclipse Ventures Partner Justin Butler, who will join Watchmaker as a Board Observer. The additional financing will enable Watchmaker to more quickly scale our organization to meet the explosive demands of the genomics industry and help to further realize our vision of more personalized medicine and improved human health. Decheng Capital is a leading investor in life science and sequencing, and we are excited to have the firm lead our Series A. Watchmaker, Decheng, and Eclipse share a passion for building market-leading, impactful companies, and we welcome Victor and Justin to join us." Trey Foskett, CEO and Co-Founder of Watchmaker Genomics This news builds on the company's previously announced collaborations with Twist Biosciences, Element Biosciences, Singular Genomics, and Molecular Loop. Watchmaker will be showcasing its DNA and RNA NGS solutions for clinically relevant sample types and applications at the Advances in Genome Biology and Technology (AGBT) conference from June 6th - 9th in Orlando, FL. About Watchmaker Genomics Watchmaker Genomics applies advanced enzymology to enable breakthrough applications for the reading, writing, and editing of DNA and RNA. The company combines domain expertise in protein engineering with large-scale enzyme manufacturing to address the demanding quality, performance, and scale requirements of high-growth clinical genomics applications. Watchmaker's product portfolio includes enzymes and kits for next-generation sequencing library preparation, synthetic biology, and molecular diagnostics. Based in Boulder, Colorado, the Watchmaker team brings decades of collective experience building successful life science companies, commercializing novel technologies, and advancing clinical genomics applications. Watchmaker partners directly with innovative life science companies, commercial sequencing providers, and pioneering research labs. About DeCheng Capital Decheng Capital, founded in 2012, is a leading investment firm providing capital and strategic support to early stage life science companies with revolutionary technologies and growth stage healthcare companies with a strong market presence. We are a group of dedicated professionals with complementary expertise who have outstanding track records of building highly successful companies globally. With over $2 billion in capital under management and support from some of the most prestigious LPs in the world, Decheng is poised to deliver superior returns for our investors and create value for our entrepreneur partners. About Eclipse Ventures With over $2 billion in assets under management, 70 portfolio companies, and a team of investors with deep expertise in technology, manufacturing, supply chain, logistics, healthcare and consumer products, Eclipse is one of the US' leading venture capital organizations. Its leadership team has the experience and deep expertise necessary to create and scale complex operations – with partners coming from industry giants, such as Flextronics, Tesla, Apple, Samsara, Intel and GE. Eclipse partners with entrepreneurs boldly transforming the essential industries that define and propel economies.

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Spotlight

Famous con man, or social engineer, Frank Abagnale, Jr. successfully posed as a Pan Am pilot, doctor, and prosecutor to avoid paying for services, as well as to perpetrate check fraud to the tune of $2.5 million in the mid-sixties. In this movie, a computer hacker social engineers the call center for the vehicle’s monitoring system and convinces the call center employee that his father is having a heart attack and needs the car to be started remotely

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