ENGINEERING TECH

Shimizu Announces Enterprise OpenSpace Partnership

prnewswire | February 01, 2021

Shimizu Corporation has consented to an organization arrangement with OpenSpace to utilize their 360° photograph documentation and examination stage in mix with its own development information and skill to improve distant administration of its building destinations.

OpenSpace, an endeavor supported organization situated in San Francisco, utilizes PC vision and man-made consciousness (AI) to make cutting edge development the board instruments. To catch 360° pictures, a field laborer strolls the place of work with a protective cap mounted camera. The OpenSpace stage catches a picture each half-second and afterward uses its rapid information preparing and exclusive calculations to give manufacturers an advanced reproduction of the site that can be seen distantly by colleagues everywhere on the world.

Shimizu started a preliminary of the OpenSpace stage in March, 2020, and discovered it to be profoundly compelling. At the point when the Covid-19 pandemic forced new difficulties on development, Shimizu permitted numerous abroad representatives to briefly re-visitation of Japan. During this time, they utilized OpenSpace to screen places of work and track occasions in the field distantly. The stage end up being especially helpful in improving correspondence and cooperation of groups internationally.

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ENGINEERING TECH

UL Partners with InSite to Help Advance Building Intelligence, Technology Integration and Performance

UL | May 13, 2022

UL, a global safety science leader, announced a new partnership with InSite, a provider of building intelligence solutions that enable organizations to optimize performance of real estate assets, achieve sustainability goals and fulfill environmental, social and governance (ESG) reporting requirements. With this partnership, InSite will provide building owners and property managers with actionable building intelligence data to complement UL's ESG advisory, sustainability and energy advisory, indoor environmental quality and field services. UL's advisory services include services such as energy and water audits, commissioning advisory services, sustainability certifications, including Leadership in Energy and Environmental Design (LEED), Building Research Establishment's Environmental Assessment Method (BREEAM), Fitwel and the WELL Building Standard. Per the 2020 Global Status Report for Buildings and Construction by GlobalABC, buildings generate nearly 40% of annual global CO2 emissions including 28% from building operations. As part of the UL and InSite combined offering, InSite's building intelligence platform will support robust reporting and disclosure of ESG and sustainability data to key stakeholders such as GRESB. UL will leverage InSite's extensive data integration capabilities and operational insights to provide relevant advisory expertise, such as carbon accounting and net zero carbon emissions. ESG reporting for a building encompasses a variety of environmental metrics. According to the 2020 United Nations Global Status Report for Buildings and Construction, the operations of buildings contribute to 28% of total global energy-related carbon dioxide emissions. In addition to greenhouse gas emissions, other environmental factors should be considered for ESG reporting, including energy use, water consumption, solid waste and biodiversity. "The commercial real estate industry has prioritized formulating building performance and ESG data as well as related reporting standards as part of overall property management operations, UL's new partnership with InSite will allow us to serve customers with an end-to-end technology and advisory solution to help inform these critical business decisions, including asset allocation, property management company selection and overall investment strategies." Sean McCrady, global director of UL's Asset and Sustainability Performance group "We are extremely excited about our new partnership with UL and the positive impact it will have on our customers. This partnership allows us to continue monitoring and reporting building performance, sustainability and ESG data while enriching and elevating our clients' sustainability journeys with UL's industry-leading advisory," said Francis Gangemi, InSite's president. About InSite InSite is a premier business intelligence solution for real estate owners and operators. InSite's software as a service (SaaS) platform and managed services provide innovative, data-driven insights enabling clients to achieve ESG and sustainability goals and improve building performance while reducing operating costs. InSite's cloud-based platform seamlessly integrates data from a multitude of sources and systems. Leveraging a combination of machine learning and human analytics, InSite delivers actionable intelligence for optimization of real estate operations in support of strategic objectives and regulatory compliance. Visit InSiteIntelligence.com for additional information. About UL UL is a global safety science leader. We deliver testing, inspection and certification (TIC), training and advisory services, risk management solutions and essential business insights to help our customers, based in more than 100 countries, achieve their safety, security and sustainability goals. We believe our deep knowledge of products and intelligence across supply chains make us the partner of choice for customers with complex challenges.

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ENGINEERING TECH

Tenna Introduces NEW Construction Resource Management Product Suite

Tenna | March 17, 2022

TENNA, the construction technology platform that revolutionizes equipment fleet operations, today announced the release of their construction Resource Management software, spring boarding them even further beyond the competition for total construction equipment management. Tenna is thrilled to introduce Resource Management as a new product offering within their total construction equipment management platform. This industry-specific product is a superior solution to others on the market and is uniquely tailored for equipment and labor resource requesting, planning and dispatching in construction. Tenna is excited to empower construction businesses to streamline their project and resource management operations even further alongside the robust existing functionality in the Tenna platform. This product includes features that are dedicated to the specific parts of the mobilization process that construction companies perform every day to make the best decisions on resource moves, and ultimately gives clear and visible direction to drivers, laborers and other crews to execute on. With over a year of design and development time and supported by in-depth interviews with current customers, this product serves a key need for contractors in their equipment management processes and use cases. “We worked closely with several of our current customers to get their input and learn about their critical needs in a product like this, That’s a key aspect that makes both Tenna and this product unique. As a dedicated partner, we considered our customers’ needs first-hand during our design and development to ensure we built features and functionality that provide a total solution to real construction dispatching and resource sharing use cases. We conducted over 125 hours of interviews with current customers to make this product a reality that would work for them as part of our commitment to their success and satisfaction.” Jose Cueva, Co-Founder and VP of Product at Tenna Tenna’s Resource Management product makes a big impact for contractors because it simplifies a key operational business need – supplying jobsites with mission-ready equipment and operators – making it easier to manage equipment through Tenna as a single provider. It serves the need to request, approve, plan, schedule and dispatch assets and labor resources while leveraging the real-time location, telematics alerts, maintenance needs, and other operational asset insights from Tenna. This allows them to make the best decisions around equipment planning in addition to efficiently approving and fulfilling project resource needs. Resource Management allows contractors to efficiently manage the sharing of equipment and laborer resources across project sites, departments and other locations like the maintenance shop, and allows the project team, dispatching personnel and labor resources to communicate efficiently with each other around equipment moves without picking up the phone. “This product is tailored to construction, as are the rest of our offerings,” says Austin Conti, CEO and Co-Founder of Tenna. “From requesting the equipment and related crews for a project operation, to dispatching tandems delivering materials, to coordinating the lowboy and driver moving equipment from site to site, you can do it all with Resource Management in Tenna. Resource Management is dynamically integrated into our product suite. It allows for accomplishing both complex people and equipment scheduling.” While some providers offer dispatching functionality as a separate, standalone product, Tenna’s resource management functionality is built within the greater Tenna platform, seamlessly integrated, and allows users to leverage the rest of Tenna’s equipment management insights within their scheduling and dispatching workflows within a single system. For Tenna, the release of their construction Resource Management software and construction equipment dispatching functionality further strengthens their already robust platform providing a total solution for contractors and their routine, critical operational needs. Tenna commits to staying ahead of contractor demands to remain the best construction-focused, integrated equipment management solution for the industry. About Tenna Tenna goes beyond tracking. Tenna, is the construction technology platform that revolutionizes equipment fleet operations. We are the standard for the construction industry. We enable you to know more. You get comprehensive, reliable tracking on a unified platform that is designed for mixed fleets. We built our solution on over 100 years of construction experience. With more insight, you can control more. From status to assignee and maintenance, get comprehensive data on your mixed fleet. On your projects, gain more control over equipment utilization, master job costing and oversee your safety and compliance needs. At the office, gain full visibility and improved communications with the field, shop and between departments, providing full transparency from any location and better data to make purchase decisions.

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ENGINEERING TECH

Kioxia to Acquire Chubu Toshiba Engineering

Kioxia | March 07, 2022

Kioxia Holdings Corporation has entered into a definitive agreement with Toshiba Digital Solutions Corporation (a subsidiary of Toshiba Corporation TSE:6502) to acquire all of the outstanding shares of its subsidiary, Chubu Toshiba Engineering (CTE) Corporation, to further strengthen Kioxia Group’s technology development capabilities. Acquisition of the shares will be completed in the first half of 2022, following completion of the necessary procedures, and CTE will become a wholly-owned subsidiary of Kioxia Corporation. Specializing in semiconductor related hardware and software design, prototyping and evaluation, CTE is well-experienced in semiconductor manufacturing technologies covering areas from development to mass production while building sophisticated technical capabilities over many years. The firm has also provided its engineering services to Kioxia Corporation in the past. Integrating CTE brings in-house highly experienced engineering talent in semiconductor development while enabling cost efficiencies which together will improve enterprise value. The acquisition will enhance Kioxia’s technology development capabilities, as well as deliver synergies across the design, operation, and production of its manufacturing plants. Kioxia is cultivating a new era of memory with its world class solutions, as it strives towards the mission of “uplifting the world with memory”. The company remains committed to developing initiatives to strengthen the competitiveness of its memory and SSD business. About Kioxia Kioxia is a world leader in memory solutions, dedicated to the development, production and sale of flash memory and solid-state drives (SSDs). In April 2017, its predecessor Toshiba Memory was spun off from Toshiba Corporation, the company that invented NAND flash memory in 1987. Kioxia is committed to uplifting the world with memory by offering products, services and systems that create choice for customers and memory-based value for society. Kioxia's innovative 3D flash memory technology, BiCS FLASH™, is shaping the future of storage in high-density applications, including advanced smartphones, PCs, SSDs, automotive and data centers.

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MARKET

The BGL Industrials Insider -- Solid Foundation for Accelerating M&A in Building Products

Brown Gibbons Lang & Company | February 09, 2022

Secular strength is fueling a white-hot M&A market in Building Products with investor appetite broad-based, according to an industry report released by the Building Products investment banking team at Brown Gibbons Lang & Company (BGL). Growth is in focus, and high-quality deals are attracting significant competition, which is driving up valuations.In the report, BGL examines the current state of the market as well as near-term outlook. Macro indicators point to continued growth, echoed by industry participants reporting strong business performance. Residential construction spending was up nearly 15% in December year-over-year. Forecasts for repair and remodeling activity project double-digit growth through year-end. Com­mercial building markets are rebounding with a full recovery anticipated in 2022. While supply chain disruptions, inflation, and a tight labor market persist, consumer demand remains robust with many companies experiencing record backlogs and implementing pricing actions to preserve margins. 2022 is expected to remain very active, buoyed by economic growth and capital availability. The broader private equity market is exhibiting an almost frenetic pace of capital deployment following an unprecedented year for deal making in 2021, with deal volume and value breaking all-time records. Platinum Equity, Dunes Point Capital, The Riverside Company, Centerbridge Partners, and Sun Capital Partners are among the financial sponsors to recently announce new platform investments in the space. Corporate buyers are discerning but moving fast for highly complementary assets. Westlake Chemical, Carlisle Companies, and Nucor headlined deal activity, each announcing billion-plus transactions, while Builders FirstSource, Cornerstone Building Brands, Core & Main, and PGT Innovations were among the notable buyers with multiple tuck-in acquisitions to expand scale and footprint in fragmented marketplaces. About Brown Gibbons Lang & Company Brown Gibbons Lang & Company (BGL) is a leading independent investment bank and financial advisory firm focused on the global middle market. The firm advises private and public corporations and private equity groups on mergers and acquisitions, capital markets, financial restructurings, business valuations and opinions, and other strategic matters. BGL has investment banking offices in Chicago, Cleveland, and Philadelphia, and real estate offices in Chicago, Cleveland, and San Antonio. The firm is also a founding member of Global M&A Partners, enabling BGL to service clients in more than 30 countries around the world. Securities transactions are conducted through Brown, Gibbons, Lang & Company Securities, Inc., an affiliate of Brown Gibbons Lang & Company LLC and a registered broker-dealer and member of FINRA and SIPC. For more information, please visit www.bglco.com.

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Spotlight

Platinum is at it this summer! Building relationships, teaching skills, and sharing smiles! From teachers to students, strangers to family, Platinum is spreading the Lunchbox love, and doing a damn good job at it. If you're in the Ontario area and want a Lunchbox Pilot to come to your camp, school or event, hit us up.

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