ENGINEERING TECH

Vitech and Intercax Form Integration Partnership

Vitech | March 09, 2022

Vitech, a Zuken Company and a market leader in Model-Based Systems Engineering (MBSE) solutions, announced a partnership with Intercax. As a result of this partnership, Intercax will incorporate support for GENESYS, Vitech's flagship MBSE technology, into its Syndeia Digital Thread Platform. As a result, GENESYS users will be able to extend and integrate their GENESYS-created system models and architectures into various ecosystems, such as the PLM and ALM ecosystems. These ecosystems include CAD, requirements management, project management, simulation tools, and more.

"Partnering with Intercax is a big step in delivering on our vision of a connected, integrated, and open MBSE. The large library of connectors to popular and varied engineering repositories will provide immediate value to our user community, "

Enrique Krajmalnik, CEO of Vitech

Intercax is an industry leader in developing the vision of an Open Digital Thread, linking system models with other advanced engineering tools. According to Dr. Dirk Zwemer, Intercax Co-Founder and President said, "As a critical enabler for digital transformation, enterprises are adopting open digital threads connecting data streams and models across disciplines and tools. Adding GENESYS to our catalog of supported system modeling and architecture tools will bring new solutions to industries where product complexity is a significant challenge."

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CONSTRUCTION

LENNAR ANNOUNCES VISIONARY COMMUNITY OF 3D-PRINTED HOMES WITH ICON IS NOW UNDERWAY IN GEORGETOWN, TX

Lennar Corporation | November 11, 2022

Lennar, one of the nation's leading homebuilders, and ICON, a construction technologies company pioneering large-scale 3D printing, announced today that construction on the largest community of 3D-printed homes is underway and reservations will begin in 2023. Situated north of Austin in the city of Georgetown's master-planned community of Wolf Ranch by Hillwood Communities, a Perot company, the 100-home community combines innovative robotics, software and advanced materials to create homes that are technologically advanced, environmentally sustainable and architecturally striking. Each Lennar home in Wolf Ranch is co-designed by the renowned architectural firm BIG-Bjarke Ingels Group. Prices are anticipated to start from the mid-$400,000s. "We are very pleased to partner with ICON and BIG in building a first-of-its-kind, printed home community that combines innovative designs with sustainable features at an affordable price, Given the housing shortage that persists across the country, it has never been more important to innovate in order to find new methods of construction that will enable greater design flexibility and greater production at affordable prices." -Stuart Miller, Executive Chairman of Lennar. Blending contemporary Texas ranch style aesthetics, the community of 3D-printed homes features elevated architectural and energy-efficient designs that highlight the benefits of resiliency and sustainability with the digital possibilities of additive construction. Delivered at speed and at scale using a fleet of ICON's Vulcan robotic construction systems, software and advanced materials, each home's full wall system - including interior and exterior walls - are produced with less waste and with more design freedom. "For the first time in the history of the world, what we're witnessing here is a fleet of robots building an entire community of homes. And not just any homes, homes that are better in every way… better design, higher strength, higher energy performance and comfort, and increased resiliency, In the future, I believe robots and drones will build entire neighborhoods, towns, and cities, and we'll look back at Lennar's Wolf Ranch community as the place where robotic construction at scale began. We still have a long way to go, but I believe this marks a very exciting and hopeful turn in the way we address housing issues in the world." -Jason Ballard, co-founder and CEO, ICON. Construction at Wolf Ranch deepens a relationship that began with Lennar's investment in Austin-based ICON's series B financing round and offers a promising path toward an alternate method of delivering technology-driven homes that meet rising demand in desirable communities. In addition to state-of-the-art homes, Lennar homeowners in Wolf Ranch can enjoy all of the amenities offered in tree-covered hill country – including pools, recreational trails and parks within easy access of downtown Georgetown and a short drive to Austin. Lennar's investments are facilitated by LENX, which drives a focused strategy within Lennar to integrate technology solutions across the homebuilding industry. With a clearly defined strategy of investing in technology companies directly adjacent to Lennar's core homebuilding operations and a disciplined investment process, LENX provides hands-on mentorship and guidance from senior leaders of Lennar's management team and a marquee opportunity to provide products and technology to Lennar customers, allowing portfolio companies to scale at an unprecedented pace. The community will offer eight stunning floorplans with 24 unique elevations ranging from 1,574 to 2,112 square feet of thoughtful living space. The homes will offer three to four bedrooms and two to three baths. All homes will be powered by the sun with rooftop solar panels and will feature components from Lennar's Connected Home package including a Ring Video Doorbell Pro, a Schlage Encode™ Smart WiFi deadbolt and a Honeywell Home T6 Pro WiFi smart thermostat. Plus, each home will come equipped with the Wolf Ranch security package. We are excited to welcome Lennar and ICON's cutting-edge home construction technology to Georgetown, Georgetown Mayor Josh Schroeder said. The Georgetown community prides itself on honoring our past and innovating for our future, and we are eager to see the future being built right here. Hillwood Communities is honored that ICON and Lennar chose Wolf Ranch to launch this exciting initiative and we look forward to the positive impact it will bring to the homebuilding industry," said Fred Balda, president of Hillwood Communities. "This innovative approach aligns with Hillwood's long history of elevated design and the thoughtful development approach we take to ensure a higher standard of living for the residents of our communities." About Lennar Corporation: Lennar Corporation, founded in 1954, is one of the nation's leading builders of quality homes for all generations. Lennar builds affordable, move-up and active adult homes primarily under the Lennar brand name. Lennar's Financial Services segment provides mortgage financing, title and closing services primarily for buyers of Lennar's homes and, through LMF Commercial, originates mortgage loans secured primarily by commercial real estate properties throughout the United States. Lennar's Multifamily segment is a nationwide developer of high-quality multifamily rental properties. LENX drives Lennar's technology, innovation and strategic investments. About ICON: ICON develops advanced construction technologies that advance humanity. Using proprietary 3D printing robotics, software and advanced materials, ICON is shifting the paradigm of homebuilding on Earth and beyond. About BIG – Bjarke Ingels Group BIG-Bjarke Ingels Group is a Copenhagen, New York, London, Barcelona, and Shenzhen-based group of architects, designers, urbanists, landscape professionals, interior and product designers, researchers, and inventors. Led by Bjarke Ingels, the studio is currently involved in projects throughout Europe, the Americas, Asia, and the Middle East. BIG's architecture emerges out of a careful analysis of how contemporary life constantly evolves and changes. BIG believes that by hitting the fertile overlap between pragmatic and utopia, architects can find the freedom to change the surface of our planet, to better fit contemporary life forms. About Hillwood: Hillwood, a Perot company, is a premier commercial and residential real estate developer, investor and advisor of properties throughout North America and Europe. Through its Communities division, Hillwood has delivered more than 40,000 single-family lots in more than 100 master-planned communities across 13 states and Costa Rica. These communities continue to raise the bar in terms of quality, innovation and the unmistakable sense of community that sets each property apart. Before laying the physical groundwork for any new residential development, Hillwood Communities takes the time to focus on the ideals that draw people together — and the everyday interactions that strengthen those bonds. By purposefully designing its walkways, gathering spaces, and structural amenities to spark spontaneous encounters and foster shared interests, Hillwood Communities believes in the power of community. About the City of Georgetown: Georgetown is a welcoming, vibrant city that has been ranked No. 1 in Southern Living Magazine's "South's Best Cities to Live in" and is home to the "Most Beautiful Town Square in Texas." Georgetown has a rich history, with Victorian storefronts and a cultural district with a wide selection of restaurants, wineries, shops, art galleries, theaters, and museums, as well as Southwestern University, tied for the No. 1 National Liberal Arts College in Texas in the latest U.S. News & World Report ranking. Outdoor recreation includes 40 parks, 16 miles of hiking and cycling trails, and Lake Georgetown. Georgetown is the fastest growing city in the U.S. with a population of more than 50,000.

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ENGINEERING TECH,CONSTRUCTION

Green Canopy NODE Launches Equity Crowdfunding Raise to Democratize Investment, Now Live on StartEngine

Green Canopy NODE | December 02, 2022

Green Canopy NODE is pleased to announce the launch of its first crowdfunding campaign, now available for investment to the public on StartEngine. The Seattle-based construction technology, real estate development, and fund management company has long believed that investment in private companies should be democratized. Launching this campaign allows everyone, not just institutional or accredited investors, to invest in revolutionizing the construction industry to build more sustainable, healthy homes faster. "We are excited about crowdfunding because it gives more people an opportunity to be a part of transforming how homes are built while at the same time offering real positive social and environmental impact for our communities and the planet, When individuals with normal incomes align their values to their investments, they become direct participants in positive transformation with us –they become impact investors for a better world." -Co-CEO Aaron Fairchild. Green Canopy NODE is raising capital to scale its technology development with innovative construction products that simplify construction while boosting productivity – building faster and more sustainably. The company leverages its integrated construction ecosystem, proving product-market fit on-site through its certified green real estate development pipeline and real estate funds. In 2023, Green Canopy NODE plans to install millions of dollars worth of utility and structural products on site and develop a new region of expansion across the US – selling to other developers and builders directly and through channel partners with its configurable product catalog. "Our roadmap is clear – we're here to scale healthy and sustainable homes from everyone, Given the labor and supply shortages, traditional homebuilders simply can't produce enough. It's time to revolutionize the industry, and we see our integrated construction ecosystem as the model required for scale." -Co-CEO Bec Chapin. The vertically integrated company is also an experienced fund manager. Green Canopy NODE Capital has successfully launched and managed four real estate funds and is soon to launch its pioneering fifth fund on mass timber. Learn more about Green Canopy NODE's offering and how to invest at www.startengine.com/greencanopynode. About Green Canopy NODE: Green Canopy NODE is an integrated construction technology, real estate development, and fund management company. Over its history, it has sought to embrace the innovation required to change the current paradigm of housing development and deliver on its commitment to help regenerate communities and environments. The company works with its clients and investors to develop high-performing, deep green, all-electric, and healthy housing.

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CONSTRUCTION

SunRay Construction Solutions Wins Top Tech Firm Of 2022 For The Second Time In A Row

SunRay Construction Solutions | November 23, 2022

SunRay Construction Solutions is honored to have won the esteemed Top Tech Firm of 2022 award by Construction Executive Magazine for the second consecutive year. The Construction Executive Magazine’s Top Tech Firm award recognizes the largest technology firms serving the construction, architecture, and engineering industry. Having secured over $10 Billion annually for General Contractors, Subcontractors, and Suppliers, SunRay Construction Solutions leagues with top businesses that alter the facade of the construction industry through their dynamic use of technology. SunRay has been recognized for its success in implementing the exceptional application of technology with utmost dedication for its clients. In 2022, SunRay significantly upgraded its application to make a robust user interface to simplify its APIs for its clients. With the dynamic Deadlines Queue launch in 2022, clients can now meticulously track all their statutory document deadlines so none are ever missed. Further, to reduce the complexity of the processes, clients can now set up notifications based on their preferences to instantly see what deadlines are soon to be due and need attention. Likewise, with the launch of the Texas Queue in 2022, clients with construction projects in Texas can experience super intuitive filtering and gain more control over their 2nd-month notices, 3rd - month fund trapping notices, and Affidavit of Mechanic's and materialman's Lien. Enabling Construction RFI with project management, the Texas Queue eliminates all last-minute rushes, making it extremely simple for clients to track deadlines, manage documents, organize projects, and secure payment rights from a single application. About SunRay Constructions LLC: SunRay Construction Solutions continues to lead as a National Online Construction Documentation Service Provider, securing over $10 Billion yearly for its clients. SunRay’s Lien Research service and Deadline Management System are among its niche specialties, characterized by the meticulous and exhaustive research accomplished through an outstanding team and impeccable technology. SunRay has managed to set itself apart as a leader and pioneer in the construction documents services landscape, despite the highly competitive nature of the industry it operates. In just a decade, SunRay has been recognized for its contribution to the construction industry on a national scale, all while staying true to its primary goal of helping its clients get paid faster.

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ENGINEERING TECH

The Engineered Stone Group Announces Agreement to Acquire Resiblock

The Engineered Stone Group | October 18, 2022

The Engineered Stone Group (the "ES Group" or the "Company"), announced it has entered into an agreement to acquire the assets of Resiblock S.L., Baniana Bath S.L, and Bold The Solid Company S.L., (together "Resiblock"), a leading Spanish manufacturer of engineered stone and solid surface shower trays and washbasins. The acquisition further establishes the ES Group's position in the engineered stone bathroom products space, a growing segment within the broader bathroom products market. The transaction is expected to close at the end of this month and financial terms were not disclosed. The ES Group is a global leader in the production of engineered stone bathroom products. The Company provides a broad offering of brands and high-quality products, coupled with a commitment to outstanding customer service and the scale to invest in continued product innovation. In addition to Resiblock, the ES Group is comprised of Marmite, Acquabella, F&D Group, Mcbath, Nuovvo, Fiora, MTI Baths and Aquatica. The ES Group is led by CEO Brian McCluskie and was established by The Cranemere Group, a holding company focused on building high-quality businesses for the long term. Resiblock has established a track record of manufacturing high-quality engineered stone and solid surface shower trays and washbasins. Resiblock supplies a diverse base of customers in Southern Europe with particular focus on Spain. Resiblock will maintain its headquarters in Cordoba, Spain, as a member of the ES Group and will maintain its existing manufacturing locations and workforce, while continuing to serve its valued customers as it does today. We continue to see strong demand for engineered stone products in the bathroom as it replaces materials such as acrylic and porcelain. Resiblock's manufacturing capabilities, complementary geographical focus and reputation for value make them a compelling addition to the Engineered Stone Group, said Mr. McCluskie. "We are thrilled to join the Engineered Stone Group, We look forward to partnering with Brian and the team at the ES Group to further invest in product innovation and capacity expansion and to offer a broader portfolio of products and enhanced service levels to our valued customers." -Juan Vacas, Founder and CEO of Resiblock. We continue to see a significant opportunity to lead the material conversion to engineered stone over the long term. Resiblock is an important addition to our Company and enhances the ES Group's position as a leader in this segment, said Christopher Mahan, Chairman of the Engineered Stone Group. About The Engineered Stone Group: The Engineered Stone Group is a European holding company established by The Cranemere Group to be the global leader in engineered stone products. The ES Group is comprised of Marmite, Acquabella, F&D Group, Mcbath, Nuovvo, Fiora, MTI Baths, Aquatica, and now, upon completion, Resiblock. About Resiblock: Resiblock is a leading provider of engineered stone and solid surface shower trays and washbasins in Southern Europe with particular focus in Spain. Based in Cordoba, Spain, Resiblock offers products at outstanding value, quality, and speed. About The Cranemere Group: The Cranemere Group is a holding company focused on partnering with founders and management teams to build industry-leading businesses in essential industries. As a pioneer in professionally managed long-term capital, The Cranemere Group provides experience, expertise and global networks to support the growth of its companies and to create value for all its stakeholders. The Cranemere Group is headquartered in London and has offices in New York and Washington, D.C.

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