Raken Announces the Segmented Daily Reports Feature to Enhance Its Product Offering

Raken | September 18, 2020

Raken, the top-rated mobile field management solution for the construction industry, today announced the Segmented Daily Reports feature to enhance its product offering. The newly released feature allows field teams to submit multiple daily reports for complex projects, providing better visibility into site progress, improved organization and more streamlined internal communication. Segmented Daily Reports enable users to create multiple daily reports for each building or location and submit timesheets that reflect 24/7 work hours for different crews. Field teams are able to collaborate to provide a full picture of progress by submitting individual reports on a single project. Previously, field management apps limited daily reports to a single submission per day, complicating the documentation of jobsites that require multiple foremen, shifts, locations or phases. Collaborating on a single report has historically been a struggle for field teams, as it requires extra coordination at the end of the day and often results in incomplete and inconsistent reports being shared with stakeholders. With Segmented Daily Reports, crews can submit their own individual reports, on their own time, with greater detail—which are then automatically aggregated into a single document for better visibility in the office.

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ENGINEERING TECH

AkitaBox and McKinstry Announce Partnership to Deliver Facility Condition Assessment Software Offering

McKinstry | May 20, 2022

AkitaBox and McKinstry announce their partnership on delivering facility condition assessments (FCAs). AkitaBox FCA software will give architecture/engineering/construction (AEC) firms and building owners/operators a tool for conducting data collection, reporting, and other aspects of a complete FCA. "A partnership with McKinstry, a leader in designing, constructing, operating, and maintaining high performance buildings, is exciting for AkitaBox, Their invaluable testing and feedback will help us ensure our software will truly improve every aspect of FCAs." AkitaBox co-founder Josh Lowe "We believe that we can help transform something that's been overlooked and is in desperate need of change," Lowe adds. "We look forward to moving the industry towards a better FCA, one asset at a time." The collaboration began in mid-2021, when McKinstry first learned AkitaBox was developing FCA software. At the time, the company was looking for ways to augment their existing FCA offering to boost delivery of their building consulting services. "McKinstry is partnering with AkitaBox to enhance our facility condition assessment and asset data collection, analysis, and reporting," says Casey Morris, national facility assessment leader for McKinstry. "AkitaBox brings a set of capabilities that complement our existing tools and methodologies while advancing our ability to achieve greater efficiency and improve deliverables for our clients." "This partnership will expand our capabilities in the marketplace," continues Morris. "It's going to give us an opportunity to be more competitive while still offering the actionable data and custom solutions for which McKinstry is known." AkitaBox FCA software fully digitizes a facility's floor plans and maps the location of each asset to the plan, creating a digital twin. Assessment data is collected and incorporated directly into the digital twin. This data can continue to be updated after the FCA is complete for an always current view of facility condition. About AkitaBox AkitaBox delivers an unrivaled data-driven software to assess and optimize the operation and condition of facilities, from the boiler room to the boardroom. Their cloud-based software provides real-time facilities data in a visual and easy-to-use, customizable format - helping teams simplify their operations, reduce risk, and solve even the most complex facility challenges. The AkitaBox Pulse suite of software solutions includes Facility Condition Assessment, Capital Management, Asset Management, Work Order Management, Preventive Maintenance, Occupant Experience, and Inspections. Visit www.akitabox.com. About McKinstry McKinstry is a full-service, design-build-operate-and-maintain firm specializing in consulting, construction, energy, and facility services. The firm's innovative, integrated delivery methodology provides clients with a single point of accountability that drives waste and redundancy out of the design/build process. With over 2,000 professional staff and trades people throughout the United States and operations in more than 20 states, McKinstry advocates collaborative, sustainable solutions designed to ensure occupant comfort, improve systems efficiency, reduce facility operational costs, and optimize profitability "For The Life of Your Building."

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CONSTRUCTION

XCMG Ranks in Top Three in KHL Group's Yellow Table for Second Consecutive Year

XCMG | June 07, 2022

XCMG is ranked among the top three original equipment manufacturers (OEMs) in the world for the second consecutive year, according to the Yellow Table published by International Construction Magazine, a subsidiary of global construction media company KHL Group. Furthermore, XCMG's aerial work platform also ranks fifth worldwide in the Access M20 Manufacturers list. XCMG has performed well in other global performance indicators, with mobile canes and horizontal directional drilling ranked first, tower cranes ranked second, truck-mounted cranes and road machinery ranked third for the first time, mine surface excavation equipment ranked top five, and complete sets of piling machinery and concrete machinery ranked first. XCMG's excavation equipment ranks second in China and sixth in the world and has exceeded 200,000 units in production and sales. Additionally, XCMG's has made the industry's first position of lifting fire trucks and boom-type aerial work platforms more stable, improving profitability. Revenue for small construction machinery and forklifts increased by 50% and 258% respectively year-on-year. XCMG's new maintenance base is also in operation, with the asphalt station and chassis maintenance products ranking among top two in the industry. Not only has XCMG's operating income reached a record high, the revenue balance across different product categories has also become more even." Wang Min, CEO and Chairman of XCMG Internationalization of markets In 2021, despite obstacles presented by the pandemic, XCMG expanded to overseas markets and achieved export revenue exceeding RMB 13 billion, a year-on-year increase of more than 90%. Other international achievements also include investing USD 99 million in North American market expansion, winning a contract for a large order of cranes worth RMB 100 million in Asia-Pacific, deploying almost RMB 200 million of large-scale open-pit mining equipment to Africa, supplying 500 excavators to Southeast Asia and delivering over 100 aerial work platforms to North America. Additionally, XCMG Brazilian manufacturing base is making breakthroughs in the South American construction machinery market. In 2021, its production and sales volume saw a more than 200% year-on-year increase and its operating scale increased by 198% year-on-year. "The development goal of our Five-Year Plan is to ensure that income from internationalization is no less than 40%," Wang added. Driving industry change As a world leader in the construction machinery industry, XCMG's vision is driven by long-term investment and high-level innovation in research and development into the technology surrounding its equipment. In recent years, XCMG has continued to strengthen its innovation capacity and develop leading scientific and technological research. Among its products are the world's largest tower crane XGT15000-600S, the world's largest rear-drive mining dump truck DE440, super-large mining grader GR5505, and domestic tonnage loader XC9350, which form part of its extensive catalog of high-quality machinery.

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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

RedTeam Announces Integration with Sage Intacct

RedTeam | August 16, 2022

RedTeam, a leading construction management software platform provider, is pleased to announce an integration partnership with Sage Intacct, the market leader for cloud-based integrated accounting, payroll, and payment systems. RedTeam has partnered with Sage for many years, supporting contractors throughout North America using Sage 100 Contractor and Sage 300 CRE. Integration with Sage Intacct and designation as a Sage Marketplace Partner enables RedTeam to serve the Sage user community better and expand its presence in the market with a superior combined offering - RedTeam and Sage. RedTeam complements traditional accounting solutions by tracking every aspect of the creation, negotiation, and execution of contractual agreements, then archiving complete sets of documents along with comprehensive digital audit trails for each. RedTeam engages every member of construction business organizations — field, front office, back office — with enterprise-wide workflows to facilitate broad situational awareness, support data-driven decision-making, and ensure optimal operating efficiency. "It's not all about the office or the field. Our contracting roots taught us that teams must be in sync. Connecting the entire team is RedTeam's strength." -Michael Wright, founder, RedTeam. RedTeam and Sage worked closely to deliver integrations with all three of Sage's construction accounting solutions, designed to leverage the unique functionality of each. "We are excited about our expanded partnership with RedTeam and the new integration capabilities, as it enables our customers to utilize RedTeam's best-in-class features for creating and managing contracts and commitments," said Dustin Stephens, Vice President of Construction and Real Estate at Sage. The new integration facilitates interoperability allowing Sage users to choose the accounting platform that best meets their current business needs while providing flexibility to adapt to future demands without the risk of disrupting jobs in progress. "RedTeam and Sage's commitment is to deliver real-world solutions for their clients, RedTeam's comprehensive suite of cloud-based solutions delivers the powerful tools general contractors need to enhance efficiency and collaboration throughout all project stages. Supporting project teams with the right information at the right time is essential to drive successful project outcomes and protect profits. RedTeam's integration with Sage Intacct is a critical step to make a meaningful impact on the people who create our built environment." -Jim Atkinson, CEO of RedTeam. RedTeam's suite of construction solutions features products ranging from field-management software to enterprise-level workflow and management solutions. RedTeam appeared on the Inc. 5000 list of the fastest-growing companies in the United States in 2020 and 2021. Over 1,000 general contractors and over 100,000 users manage a collective $25 billion of commercial construction work with RedTeam. About RedTeam: RedTeam is committed to construction management excellence. We built our software from hands-on experience to help contractors face the day-to-day challenges of commercial construction. RedTeam clients experience seamless management of projects on and off the field with real-time collaboration, expedited contracting, compliance, and change management. RedTeam is construction management software built by contractors who understand construction.

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