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Nance Named to Savoy Magazine’s 2021 Most Influential Black Corporate Directors List

Nance Named to Savoy Magazine’s 2021 Most Influential Black Corporate Directors List

MEDINA, Ohio–(BUSINESS WIRE)–RPM International Inc. (NYSE: RPM) announced today that Frederick R. Nance, a member of the company’s board, has been named to Savoy Magazine’s 2021 Most Influential Black Corporate Directors list. He joined the RPM board of directors in 2007 and chairs its governance and nominating committee.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210914005018/en/

Frederick R. Nance, a member of the RPM International Inc.’s board, has been named to Savoy Magazine’s 2021 Most Influential Black Corporate Directors list. (Photo: Business Wire)

Frederick R. Nance, a member of the RPM International Inc.’s board, has been named to Savoy Magazine’s 2021 Most Influential Black Corporate Directors list. (Photo: Business Wire)

Nance has served as global managing partner of Squire Patton Boggs (U.S.) LLP since 2017, heading 45 offices across 20 countries, as well as the firm’s U.S. Sports & Entertainment practice. He is also an experienced trial litigator in federal and state courts. Nance joined the law firm after graduating from law school and became partner in 1987. He went on to serve as managing partner of its Cleveland office from 2002–2007 and as its regional managing partner from 2007–2017. In addition, Nance served two four-year terms on the firm’s global, seven-person management committee.

He also serves on the boards of the Greater Cleveland Partnership and the Cleveland Clinic. In October 2015, Nance was inducted into the Northeast Ohio Business Hall of Fame. He holds a bachelor’s degree from Harvard University and a J.D. degree from the University of Michigan.

“We proudly congratulate Fred on this achievement. His legal and global management expertise has been invaluable in driving RPM’s growth and success. During his nearly 14 years on the board, RPM’s sales have increased 83% to $6.1 billion and net income has climbed 141% to $502.6 million,” stated Frank C. Sullivan, RPM chairman and CEO. “We are grateful for his sound leadership and many contributions to our company.”

About RPM

RPM International Inc. owns subsidiaries that are world leaders in specialty coatings, sealants, building materials and related services. The company operates across four reportable segments: consumer, construction products, performance coatings and specialty products. RPM has a diverse portfolio with hundreds of market-leading brands, including Rust-Oleum, DAP, Zinsser, Varathane, Day-Glo, Legend Brands, Stonhard, Carboline, Tremco and Dryvit. From homes and workplaces, to infrastructure and precious landmarks, RPM’s brands are trusted by consumers and professionals alike to help build a better world. The company employs approximately 15,500 individuals worldwide. Visit www.RPMinc.com to learn more.

For more information, contact Russell L. Gordon, vice president and chief financial officer, at 330-273-5090 or [email protected].

Russell L. Gordon

vice president and chief financial officer

330-273-5090

[email protected]

KEYWORDS: United States North America Ohio

INDUSTRY KEYWORDS: Home Goods Residential Building & Real Estate Building Systems Chemicals/Plastics Retail Commercial Building & Real Estate Other Professional Services Construction & Property Legal Manufacturing Consulting Professional Services Specialty Other Manufacturing Other Construction & Property

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Frederick R. Nance, a member of the RPM International Inc.’s board, has been named to Savoy Magazine’s 2021 Most Influential Black Corporate Directors list. (Photo: Business Wire)
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Clearwater Analytics Announces Launch of Initial Public Offering

PR Newswire

BOISE, Idaho, Sept. 14, 2021 /PRNewswire/ — Clearwater Analytics Holdings, Inc. (“Clearwater Analytics” or the “Company”), a leading provider of SaaS-based investment accounting, reporting, and analytics solutions, today announced that it has launched the roadshow for the initial public offering of its Class A common stock. The Company is offering 30,000,000 shares of its Class A common stock and intends to grant the underwriters a 30-day option to purchase up to an additional 4,500,000 shares of its Class A common stock. The initial public offering price is expected to be between $14.00 and $16.00 per share. The Company intends to list its Class A common stock on the New York Stock Exchange under the ticker symbol “CWAN.”

Clearwater Analytics

The Company intends to use the net proceeds from this offering to purchase equity interests from its operating subsidiary and for general corporate purposes to support the growth of the business.

The operating subsidiary intends to use the net proceeds it receives from the sale of equity interests to the Company, together with the proceeds from the new term loan, to repay outstanding borrowings under its credit facility and pay any associated prepayment penalties and accrued and unpaid interest to the date of repayment. The operating subsidiary will bear or reimburse the Company for all of the expenses of the initial public offering.

Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC are acting as lead bookrunners and as representatives of the underwriters for the offering, with Credit Suisse Securities (USA) LLC, RBC Capital Markets, LLC, Wells Fargo Securities, LLC, Oppenheimer & Co. Inc., Piper Sandler & Co. and William Blair & Company, L.L.C. acting as additional bookrunners. BNP Paribas Securities Corp., D.A. Davidson & Co., AmeriVet Securities, Inc., Loop Capital Markets LLC, Penserra Securities LLC, R. Seelaus & Co., LLC and Siebert Williams Shank & Co., LLC are acting as co-managers for the offering.

The offering will be made only by means of a prospectus, which has been filed with the U.S. Securities and Exchange Commission (the “SEC”) and is available on the SEC’s website at www.sec.gov. Copies of the preliminary prospectus relating to this offering may be obtained by contacting:

  • Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, via telephone: 1-866-471-2526, or via email: [email protected];
  • J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at (866) 803-9204, or by email at [email protected]; or
  • Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, New York 10014, Attn: Prospectus Department.

A registration statement on Form S-1 relating to the offering has been filed with the SEC but has not yet become effective. The securities to be registered may not be sold nor may offers to buy be accepted prior to the time when the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended.

About Clearwater Analytics
Clearwater Analytics is a global industry-leading SaaS solution for automated investment data aggregation, reconciliation, accounting, compliance, risk, performance and reporting. Each day, the Clearwater solution reports on more than $5.6 trillion in assets for clients that include leading insurers, asset managers, corporations, pension plans, governments, and nonprofit organizations – helping them make the most of their investment portfolio data with a world-class product and client-centric servicing. Investment professionals around the globe trust Clearwater to deliver timely, validated investment data and analytics.

Forward-Looking Statements
This press release contains forward-looking statements, including statements regarding the initial public offering. These statements are not historical facts but rather are based on the Company’s current expectations and projections regarding its business, operations and other factors relating thereto. Words such as “may,” “will,” “could,” “would,” “should,” “anticipate,” “predict,” “potential,” “continue,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates” and similar expressions are used to identify these forward-looking statements. These statements are only predictions and as such are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those in the Company’s registration statement filed with the SEC.

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SOURCE Clearwater Analytics

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Ginkgo Bioworks to Go Public with Over $1.6 Billion in Proceeds

Ginkgo Bioworks to Go Public with Over $1.6 Billion in Proceeds

Soaring Eagle Shareholder Approval Obtained, Closing Scheduled for September 16, 2021

Ginkgo Set to Begin Trading under NYSE: DNA on September 17, 2021

  • $1.633 billion in proceeds from the business combination represents the largest-ever biotechnology go-public transaction.
  • Investors were led by Baillie Gifford, Putnam Investments, and funds and accounts managed by Counterpoint Global (Morgan Stanley Investment Management). Additional investors included ARK Investment Management LLC, ArrowMark Partners, Bain Capital Public Equity, Cascade Investment, Casdin Capital, Franklin Advisers, T. Rowe Price, and Viking Global Investors.
  • Business combination with Ginkgo approved by Soaring Eagle shareholders with 75% of shareholders participating in the vote and 97% voting in favor of the transaction.

NEW YORK–(BUSINESS WIRE)–
Soaring Eagle Acquisition Corp. (the “Company” or “Soaring Eagle”) (Nasdaq: SRNGU, SRNG, SRNGW) announced today that its business combination (the “Business Combination”) with Ginkgo Bioworks, Inc. (“Ginkgo”) was overwhelmingly approved in a shareholder vote held this morning, with 75% of shareholders participating in the vote and 97% voting in favor of the combination. Upon the closing of the Business Combination (the “Closing”), Ginkgo Bioworks expects to receive $1.633 billion of gross proceeds, including $775 million in committed funding from a PIPE plus approximately $858 million from the Soaring Eagle trust account.

Subject to the satisfaction or waiver of the other customary closing conditions, Soaring Eagle anticipates completing its domestication to Delaware on September 15, 2021 and closing the Business Combination on September 16, 2021. In connection with the Closing, the Company will change its name to Ginkgo Bioworks Holdings, Inc. and the combined company’s shares of Class A common stock and public warrants are expected to trade on the New York Stock Exchange beginning on September 17, 2021 under the ticker symbols “DNA” and “DNA.WS,” respectively.

Ginkgo Bioworks is building the world’s leading horizontal platform for cell programming. Companies across numerous industries use Ginkgo’s platform to find more effective, environmentally friendly ways to create products including food ingredients, fragrances, cosmetics, medicines, and more. By enabling the design of organisms that can produce valuable biological products, Ginkgo helps accelerate the development of innovative, bio-based solutions to the world’s most pressing challenges.

Ginkgo recently announced breakthrough improvements in production of a key material used in mRNA vaccine manufacturing with partner Aldevron, and commercial scale production of the rare cannabinoid CBG with partner Cronos Group. In addition to its cell programming work, Ginkgo last year launched Concentric by Ginkgo, the company’s public health and biosecurity initiative, to provide a response to the COVID-19 pandemic. Since then, Concentric has built a turnkey solution which is being used by states, cities, and school districts to enable universal testing in K-12 schools across the country.

“Ginkgo Bioworks sits at the intersection of technology and life sciences and has built a platform for cell programming that will transform the way products are made across markets,” said Harry Sloan, Chairman and CEO of Soaring Eagle. “It has been a privilege to get to know the team at Ginkgo and we are proud to support this next leg of their journey as a public company, where they will be capitalized to quickly make an impact in this field.”

“Ginkgo seeks to make programming the DNA of cells as easy as programming computers. Our platform benefits from scale and the proceeds from this transaction will help Ginkgo expand our platform to better serve our customers and become the industry standard across all biotechnology end-markets,” said Jason Kelly, CEO and co-founder of Ginkgo. “The partnership between the Soaring Eagle team and Dr. Arie Belldegrun has combined world-class capital markets and therapeutics experience and we look forward to welcoming both Harry and Arie onto the board.”

About Soaring Eagle Acquisition Corp.

Soaring Eagle Acquisition Corp. is a special purpose acquisition company founded by Harry E. Sloan, Jeff Sagansky, and Eli Baker for the purpose of effecting a merger, capital share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

About Ginkgo Bioworks

Ginkgo is building a platform to enable customers to program cells as easily as we can program computers. The company’s platform is enabling biotechnology applications across diverse markets, from food and agriculture to industrial chemicals to pharmaceuticals. Ginkgo has also actively supported a number of COVID-19 response efforts, including K-12 pooled testing, vaccine manufacturing optimization and therapeutics discovery. For more information, visit www.ginkgobioworks.com.

ADDITIONAL LEGAL INFORMATION

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of the federal securities laws with respect to the Business Combination between Ginkgo and Soaring Eagle. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) the risk that the transaction may not be completed in a timely manner or at all, which may adversely affect the price of Soaring Eagle’s securities, (ii) the risk that the transaction may not be completed by Soaring Eagle’s business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by Soaring Eagle, (iii) the lack of a third party valuation in determining whether or not to pursue the proposed transaction, (iv) the occurrence of any event, change or other circumstance that could give rise to the termination of the agreement and plan of merger, (v) the effect of the announcement or pendency of the transaction on Ginkgo business relationships, performance, and business generally, (vi) risks that the proposed transaction disrupts current plans of Ginkgo and potential difficulties in Ginkgo employee retention as a result of the proposed transaction, (vii) the outcome of any legal proceedings that may be instituted against Ginkgo or against Soaring Eagle related to the agreement and plan of merger or the proposed transaction, (viii) the ability to maintain the listing of Soaring Eagle’s securities on Nasdaq and the listing of the post-Business Combination company’s securities on The New York Stock Exchange, (ix) volatility in the price of Soaring Eagle’s securities due to a variety of factors, including changes in the competitive and highly regulated industries in which Ginkgo plans to operate, variations in performance across competitors, changes in laws and regulations affecting Ginkgo’s business and changes in the combined capital structure, (x) the ability to implement business plans, forecasts, and other expectations after the completion of the proposed transaction, and identify and realize additional opportunities, and (xi) the risk of downturns in demand for products using synthetic biology. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of Soaring Eagle’s proxy statement/prospectus relating to the transaction, and in Soaring Eagle’s other filings with the Securities and Exchange Commission. Soaring Eagle and Ginkgo caution that the foregoing list of factors is not exclusive. Soaring Eagle and Ginkgo caution readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Neither Soaring Eagle nor Ginkgo undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.

MEDIA CONTACTS:

Jeff Pryor / [email protected]

[email protected]

INVESTOR CONTACTS:

[email protected]

[email protected]

KEYWORDS: New York United States North America

INDUSTRY KEYWORDS: Science Other Science Biotechnology Finance Health Professional Services Technology Other Technology

MEDIA:

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Supermicro Introduces Rack Plug and Play Cloud Infrastructure with Free Remote Access Testing and Validation

The Total Rack Solution for Enterprise Kubernetes Containers, Based on RedHat OpenShift Delivers the Turn-Key Simplicity of Cloud Computing with On-Prem Infrastructure Cost Savings of up to 70%*

PR Newswire

SAN JOSE, Calif., Sept. 14, 2021 /PRNewswire/ — Super Micro Computer, Inc. (SMCI), a global leader in enterprise computing, storage, networking solutions, and green computing technology, announced a free remote access testing and validation program – JumpStart for the Supermicro Rack Plug and Play Cloud Infrastructure. The Supermicro Rack Plug and Play Cloud Infrastructure solution eliminates the burden of designing and deploying a custom in-house cloud solution with a preconfigured, pre-validated rack-level total configuration with the servers, software, storage, networking, and services for a world-class cloud infrastructure.  With the Supermicro JumpStart program, users can execute remote access testing and validation for their workloads on the cloud solution before deployment.

As more customers feel the burden of rising hosted cloud costs, many are looking to repatriate cloud workloads on lower-cost in-house infrastructure. Still, they want to avoid the requirement of building a custom in-house solution.  Supermicro, in collaboration with RedHat and Intel, has introduced a turn-key solution that will allow customers to bring up a scalable cloud infrastructure in days instead of weeks or months. The base configuration can be purchased outright or can be leased for approximately $3,000 per month1. The flat fee model eliminates unforeseen usage charges – the more you use it, the more you save.

“The Supermicro Rack Plug and Play Cloud Infrastructure program provides game-changing cost and performance efficiencies for today’s enterprise,” said Charles Liang, president, and CEO, Supermicro. “On-the-shelf, fully assembled, validated rack systems including hardware and software are available, enabling rapid deployment and getting systems online faster. This program can save customers time and design effort. Our latest JumpStart initiative leverages Intel CPUs, Intel Optane Persistent Memory, All-Flash NVMe Storage, and 100GbE Networking for world-class performance.  With the RedHat OpenShift Container Platform and the JumpStart free remote access testing and validation configuration, customers can start the transition to the efficient, scalable on-prem cloud immediately.”

The Supermicro JumpStart configuration is an entry-level option from the complete portfolio of Supermicro Rack Plug and Play Cloud Infrastructure solutions that include additional performance, modularity, high capacity, and extreme designs. These turn-key solutions include the rack, cabling, power, and cooling infrastructure to simplify solution deployment at scale.  It can support hundreds of instances and containers with up to a 70%* better TCO than hosted cloud offerings. 

“Red Hat OpenShift is the industry’s leading enterprise Kubernetes platform and provides greater consistency across any infrastructure to better build, deploy and manage applications at scale,” said Joe Fernandes, vice president, and general manager Core Cloud Platforms, Red Hat. “By combining the power of OpenShift with Intel’s processors and Supermicro’s cloud infrastructure solution, organizations can reduce costs and not only support immediate workload requirements but also better address future growth requirements as needed on more sophisticated systems. We are pleased to collaborate with Supermicro and Intel to help support customers across the open hybrid cloud.”

“Intel is collaborating with Supermicro to make available a fully configured and ready to go cluster of systems with the latest Intel Xeon processors for testing of innovative software solutions,” said Rose Schooler, Corporate Vice President, Global Data Center Sales at Intel. “Our 3rd Gen Intel Xeon Scalable processors with built-in AI accelerators enable a new class of applications to be developed, delivering outstanding performance.”

With the Supermicro JumpStart free remote access program, Supermicro customers can start immediately to validate and benchmark their applications, enabling hands-on experience with the solution. Accessing the program is easy and fast. Using Supermicro’s JumpStart portal, interested parties can register, then access the solution through a secure portal.

Product Portfolio

The Supermicro JumpStart configuration is based on a multi-node BigTwin® 2U 4-Node system with 3rd Gen Intel Xeon Scalable processors for up to 320 cores, 16TB of memory, 736TB of All-Flash NVMe PCI-E 4.0 storage per system, along with three 1U Ultra systems, supporting up to 1.1PB of All-Flash NVMe PCI-E 4.0 storage, 100GbE Switch for NVMe-oF and a 25GbE Switch offering superior data and storage networking performance for the on-premises object storage. It is a scaled-down version of the Supermicro Red Hat® OpenShift® Reference Architecture – High-Density Solution. The solution is based on Red Hat OpenShift, the industry’s leading enterprise Kubernetes platform. Additional Supermicro Rack Plug and Play Cloud Infrastructure configurations are available and optimized for efficiency, scale, and performance built on Supermicro Ultra, SuperBlade®,  CloudDC, and edge computing platforms.

Learn More by joining our webinar with representatives from Supermicro, Intel, and Red Hat, either live or on-demand,“Build a Turn-Key Cloud with Cost Optimized Rack Plug-N-Play Cloud Infrastructure.”

About Super Micro Computer, Inc.

Supermicro (SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced Server Building Block Solutions® for Enterprise Data Center, Cloud Computing, Artificial Intelligence, and Edge Computing Systems worldwide. Supermicro is committed to protecting the environment through its “We Keep IT Green®” initiative and provides customers with the most energy-efficient, environmentally-friendly solutions available on the market.

Supermicro, Server Building Block Solutions, and We Keep IT Green are trademarks and/or registered trademarks of Super Micro Computer, Inc.

All other brands, names, and trademarks are the property of their respective owners.

Intel, the Intel logo, and other Intel marks are trademarks of Intel Corporation or its subsidiaries.

Red Hat and OpenShift are trademarks or registered trademarks of Red Hat, Inc. or its subsidiaries in the U.S. and other countries.

1 For a 3-year lease, subject to credit review and approval, additional terms and conditions apply.  See website for details (link)

* Based on internal Supermicro estimates.

 

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SOURCE Super Micro Computer, Inc.

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Synopsys Accelerates Most Stringent Functional Safety Certification of NSITEXE RISC-V Parallel Processor IP

First ISO 26262 ASIL D Certified RISC-V Processor with Vector Extension Tapped into Speed and Capacity of Synopsys Z01X Fault Simulation Solution

PR Newswire

MOUNTAIN VIEW, Calif., Sept. 14, 2021 /PRNewswire/ —

Highlights from this announcement:

  • With Z01X functional safety verification solution plus Synopsys support, NSITEXE achieved ISO 26262 ASIL D certification two months ahead of schedule
  • Z01X fault simulation delivers exhaustive functional safety verification and the most complete fault model set available, complementing Synopsys unified functional safety verification solution

Accelerating its leadership in functional safety verification, Synopsys, Inc. (Nasdaq: SNPS) today announced that NSITEXE Inc., which specializes in the development of advanced RISC-V-based processor IP, achieved ISO 26262 Automotive Safety Integrity Level (ASIL) D certification of its DR1000C parallel processor IP two months ahead of schedule by using the Synopsys Z01X™ fault simulation solution. With the speed and capacity of the Z01X, NSITEXE has delivered the industry’s first RISC-V processor with vector extension certified for ISO 26262 ASIL D, meeting the highest functional safety standard for safety-critical applications such as automotive.

“By integrating our DR1000C processor IP into their safety-critical designs, our customers can be confident that their systems will operate reliably with higher performance, even in challenging environments,” said Hideki Sugimoto, CTO at NSITEXE. “Working with Synopsys to ensure the functional safety compliance of the DR1000C marks the continuation of a strong collaboration, which includes shortening development time for custom automotive processors with Synopsys ASIP Designer Tool and validating data flow processor IP with Synopsys HAPS FPGA Prototyping.”

Compliance to functional safety standards is critical for automotive electronics. NSITEXE’s DR1000C processor IP, which achieved its ASIL D certification from SGS-TÜV, was designed with integrated hardware safety features that enable it to meet ASIL D safety requirements without any external safety mechanisms. The processor is ideal for offloading high-load arithmetic processing required by automotive microcontrollers for safety-critical systems, as well as for embedded applications like factory automation, radar and sensor processing.

The Z01X solution provides high-speed fault simulation and testability analysis for ISO 26262 and IEC 61508 compliance. It is part of the Synopsys unified functional safety solution to accelerate time to ISO 26262 certification for automotive IP and semiconductor companies targeting the highest ASIL D certification. NSITEXE also used Synopsys Verdi® automated debug system to enhance debug, coverage, and planning with Z01X simulation.

“Synopsys continues to build a robust portfolio of solutions to facilitate functional safety compliance, a critical element in today’s electronics-driven automotive and industrial designs,” said Vikas Gautam vice president of engineering in the Synopsys Verification Group at Synopsys. “With capabilities such as high-speed simulation, statistical sampling and extensive fault modeling, the Z01X solution positioned NSITEXE to meet ASIL D certification for the first RISC-V processor with vector extension.”

Learn more about the Synopsys Z01X solution: https://www.synopsys.com/verification/simulation/z01x-functional-safety.html 

About Synopsys

Synopsys, Inc. (Nasdaq: SNPS) is the Silicon to Software™ partner for innovative companies developing the electronic products and software applications we rely on every day. As the world’s 15th largest software company, Synopsys has a long history of being a global leader in electronic design automation (EDA) and semiconductor IP and is also growing its leadership in software security and quality solutions. Whether you’re a system-on-chip (SoC) designer creating advanced semiconductors, or a software developer writing applications that require the highest security and quality, Synopsys has the solutions needed to deliver innovative, high-quality, secure products. Learn more at www.synopsys.com.

Editorial Contact:                                                                                

Simone Souza

Synopsys, Inc.
650-584-6454
[email protected]

 

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SOURCE Synopsys, Inc.

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Generac Power Systems and Enchanted Rock Announce Alliance

Agreement Ensures Scalable Supply for Microgrid Growth Plans

PR Newswire

WAUKESHA, Wis., Sept. 14, 2021 /PRNewswire/ — Generac Power Systems, Inc., a leading global supplier of energy technology solutions, today announced a 5-year development agreement with resiliency microgrid innovator, Enchanted Rock, to build and supply its advanced natural gas generators and control systems. Enchanted Rock designs, builds, operates, and maintains ultra-low emissions Dual Purpose Microgrids that provide commercial, industrial and government customers with affordable and reliable backup power and supply electric grid operators with critical grid stability services that accelerate the adoption of wind and solar, without sacrificing system reliability.

“We are excited to have Generac as a key technology partner as we continue our mission to develop and deploy advanced power resiliency systems across the United States,” commented Ian Blakely, chief technology officer, Enchanted Rock. “As we continue to grow with our direct customers and utility partners across new geographies, expanding our supply chain with a market leader such as Generac helps us in our goal to meet our quality, price, and performance standards.”

“Generac and Enchanted Rock are dedicated to innovation and creating a disruptive force in the marketplace,” said Jamie Smith, vice president sales, Generac Power Systems. “We both believe in providing peace of mind to our customers, as well as worry-free protection from extended grid outages. These core beliefs led us to this mutually beneficial partnership to help strengthen our commitment to supplying the highest quality power generation products available.”

The microgrid solutions will be based on Generac’s rich-burn gaseous engine technology and newly acquired Deep Sea Electronics control systems, which provide quick-start, utility-grade backup power in a much cleaner format when compared to traditional diesel generator solutions.

“Natural gas-fueled generators provide a reliable and cleaner source of power that ideally fits this business model,” said Corey Honl, senior director global industrial solutions, Generac Power Systems. “By leveraging and integrating Generac’s expertise into Enchanted Rock’s generator design, we can deliver the most reliable, robust, and flexible product for use in a large array of applications.”

The new units will be manufactured at Generac’s Oshkosh, Wisconsin facility, and will feature Enchanted Rock’s patented quiet design and compact footprint to protect businesses from interruptions during power outages. The generator systems will be utilized in a variety of microgrid applications and will be continuously monitored and maintained by Enchanted Rock to help ensure the highest level of availability.


About Generac

Founded in 1959, Generac is a leading designer and manufacturer of energy technology solutions and other power products. As an industry leader serving residential, commercial and industrial markets, Generac’s products and solutions are available globally through a broad network of independent dealers, distributors, retailers, e-commerce partners, wholesalers and equipment rental companies, as well as sold direct to certain end user customers.


About Enchanted Rock

At Enchanted Rock, our mission is making sure the power is on for our customers. Our Managed Power Resiliency solution has reinvented how organizations ensure power resiliency with fully managed, ultra clean microgrids. We provide patented advanced technology, support services, and flexible pricing options designed for fast, simple, and worry-free protection from grid outages lasting from minutes to weeks so our customers can focus on their core business. High availability solutions, backed by skilled personnel, result in low risk, predictable resiliency.

Our unique offering provides critical grid stability services to grid operators that lower the underlying cost of the Dual Purpose Microgrid solution and enable further renewable energy grid adoption during the energy transition. 

To learn more the Enchanted Rock Managed Power Resiliency solution, visit www.enchantedrock.com.


Contact:

Jessica Sharpee


[email protected]  

262-544-4811 Ext. 2778

 

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SOURCE Generac Power Systems, Inc.

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SiTime Launches Learning Hub to Educate the World on Timing

SiTime Launches Learning Hub to Educate the World on Timing

Online, Always Available Platform Offers Comprehensive Content

SANTA CLARA, Calif.–(BUSINESS WIRE)–SiTime Corporation (NASDAQ: SITM), a market leader in MEMS timing, today unveiled their Timing Essentials Learning Hub to power customer engagement and deliver comprehensive content on electronics timing. The Learning Hub enables engineers to expand their timing knowledge and use it to produce better electronics.

“Electronic systems must now deliver on a common set of goals – more features, higher performance, miniaturization, and always-on connectivity,” said Piyush Sevalia, executive vice president of marketing at SiTime. “These trends are creating new timing challenges for the electronics professional. Not only do they need better timing solutions, which we can provide, but they also need access to theory, practical tips, techniques, and tools that will help them design better systems proactively. We built the Learning Hub to address this need and help electronics engineers become timing experts. The Learning Hub is the go-to source for timing knowledge and also helps us build long-term relationships with customers.”

The SiTime Timing Essentials Learning Hub offers educational courses that range from fundamental to advanced timing. Taught by industry experts, this skills-building platform offers both on-demand and live classes to meet the needs of all audiences, including advanced certifications to provide a continuous learning platform. The Learning Hub is a self-paced learning environment where SiTime will add new classes regularly. Specific SiTime MEMS timing education will also be available. In addition, customers can request a customized curriculum to provide ongoing learning for their development programs.

Discover the Timing Essentials Learning Hub at learning.sitime.com.

Learn more about SiTime MEMS timing solutions.

Download the Timing Essentials Learning Hub photo.

About SiTime

SiTime Corporation is a market leader in silicon MEMS timing. Our programmable solutions offer a rich feature set that enables customers to differentiate their products with higher performance, smaller size, lower power, and better reliability. With over 2 billion devices shipped, SiTime is changing the timing industry. For more information, visit www.sitime.com.

Note on Forward-Looking Statements

This press release may contain forward-looking statements regarding future events. These forward-looking statements are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. Readers are cautioned that these forward-looking statements involve risks and uncertainties that could cause our actual results and the timing of events to differ materially from those anticipated in such forward-looking statements, including, but not limited to: our ability to develop, introduce, and ship new products in volume; quality and performance of our products; our customer relationships and our ability to retain and expand our customer relationships; and other risks and uncertainties described more fully in our documents filed with or furnished to the Securities and Exchange Commission. More information about these and other risks that may impact our business is set forth in our more recent Forms 10-K and 10-Q filed with the Securities and Exchange Commission. All forward-looking statements in this press release are based on information available to us as of the date hereof and qualified in their entirety by this cautionary statement, and we assume no obligation to revise or update these forward-looking statements.

Green Flash Media for SiTime

Donna St. Jean Conti

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Mobile/Wireless Technology Software Networks Other Education Hardware Training Electronic Design Automation Data Management Education

MEDIA:

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Virpax® PharmaceuticalsAnnouncesPricing of $40 Million Public Offering of Common Stock

Virpax® PharmaceuticalsAnnouncesPricing of $40 Million Public Offering of Common Stock

BERWYN, Pa.–(BUSINESS WIRE)–Virpax® Pharmaceuticals Inc. (“Virpax” or the “Company”) (NASDAQ:VRPX), a company specializing in developing pharmaceutical products for pain management, today announced the pricing of an underwritten public offering of 6,670,000 shares of its common stock at a public offering price of $6.00 per share, for gross proceeds of $40,020,000 million, before deducting underwriting discounts and offering expenses. In addition, Virpax has granted the underwriters a 45-day option to purchase up to an additional 1,000,500 shares of common stock to cover over-allotments at the public offering price, less the underwriting discount.

The Company intends to use the net proceeds from the offering to fund research and development of the Epoladerm, Probudur, Envelta and AnQlar indications and other development programs, pay fees and expenses associated with the offering, repay outstanding promissory notes issued to the Company’s Chief Executive Officer and pay deferred compensation due to the Company’s Chief Executive Officer, and for working capital and other general corporate purposes.

ThinkEquity is acting as sole book-running manager for the offering.

A registration statement on Form S-1 (File No. 333-259421) was filed with the Securities and Exchange Commission (“SEC”), which became effective on September 14, 2021, relating to the shares of common stock being offered. This offering is being made only by means of a prospectus. Copies of the final prospectus, when available, may be obtained from ThinkEquity, 17 State Street, 22nd Floor, New York, New York 10004, by telephone at (877) 436-3673, by email at [email protected]. The final prospectus will be filed with the SEC and will be available on the SEC’s website located at http://www.sec.gov.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Virpax Pharmaceuticals

Virpax is a preclinical stage biopharmaceutical company focused on becoming a global leader in pain management by developing and delivering innovative non-opioid and non-addictive pharmaceutical products using new drug delivery systems and technology. Virpax is developing branded pharmaceutical product candidates for pain management by using advanced technology in an effort to enhance patients’ quality of life. For more information, please visit www.virpaxpharma.com.

Forward Looking Statements

This press release contains certain forward-looking statements, including those relating to the regarding the anticipated timing of completion of the offering and other statements that are predictive in nature. Forward-looking statements are based on the Company’s current expectations and assumptions. The Private Securities Litigation Reform Act of 1995 provides a safe-harbor for forward-looking statements. These statements may be identified by the use of forward-looking expressions, including, but not limited to, “expect,” “anticipate,” “intend,” “plan,” “believe,” “estimate,” “potential,” “predict,” “project,” “should,” “would” and similar expressions and the negatives of those terms. Prospective investors are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date of this presentation. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. Important factors that could cause actual results to differ materially from those in the forward-looking statements are set forth in the Company’s filings with the Securities and Exchange Commission, including its registration statement on Form S-1, as amended from time to time, under the caption “Risk Factors.”

Christopher M. Chipman, CPA

Chief Financial Officer

[email protected]

610-727-4597

Or

Betsy Brod

Affinity Growth Advisors

[email protected]

212-661-2231

KEYWORDS: Pennsylvania United States North America

INDUSTRY KEYWORDS: General Health Pharmaceutical Medical Devices Infectious Diseases Hospitals Clinical Trials Science Surgery Biotechnology Medical Supplies Other Science Health

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RentPath Offers Free Renter Communication Technology To Multifamily Communities Impacted By Ida

RentPath, a Redfin company, is making technology available for free to assist those impacted and displaced by Ida.

PR Newswire

ATLANTA, Sept. 14, 2021 /PRNewswire/ — (NASDAQ: RDFN) –  As much of the country continues to take stock of the damage inflicted by Hurricane Ida, RentPath (rentpath.com), a leader in the apartment and home rental industry and the company behind Rent.com and ApartmentGuide.com, is partnering with property owners to help those most in need.

rentpath_logo

In addition to rental listings, RentPath offers a suite of advanced software solutions to multifamily properties, enabling efficient communication with tenants. With many properties either damaged or uninhabitable in Ida’s wake, RentPath is offering property managers in affected communities free access to Media Center PRO, its state-of-the-art automated resident communications platform, for the next 60 days. Access to Media Center PRO will enable property managers to easily stay in touch with renters around safety protocols and recovery efforts  as repairs continue.

With free access to Media Center PRO, property managers can access one unified inbox for simplified two-way text and email messaging. This flexibility allows property managers to send real-time updates and alerts community-wide or directly to individual renters with ease. Examples of critical notifications include emergency office hours and availability, safety procedures, changes to maintenance protocols, and updates on repairs and remediation.

In addition to free communication tools, RentPath is highlighting immediately available apartments and rentals on its listing network to assist with quickly re-housing thousands of displaced renters. The multifamily digital marketing company moved quickly to launch alerts on its highly trafficked web properties (Rent.com, ApartmentGuide.com, Rentals.com) to highlight properties available for immediate move-in in affected communities and surrounding areas.

Proprietary Technology Available For Free

“Our heart goes out to those impacted by Hurricane Ida and particularly those who have been displaced,” says RentPath CEO Jon Ziglar. “Leveraging technology to connect people with a place to live is at the heart of what we do every day at RentPath, and our platform is perfectly positioned to help at this critical moment. By enhancing the ability of property managers and renters to communicate, as well as making it easier for those in urgent need to find available housing, we hope to remove at least a small part of the enormous burden ahead for those impacted by Hurricane Ida.” 

About RentPath

RentPath is the only marketing and automation platform that engages prospective tenants through the entire renter journey, maximizing leads and occupancies with unparalleled ROI. Through its broad network of rental listing sites including Rent.com, ApartmentGuide.com and Rentals.com, RentPath connects property owners and managers with over 10 million high-intent, in-market renters per month. In addition, the RentPath platform powers a full suite of best-in-class digital marketing solutions across search advertising, social media, email marketing, web chat, resident communication, reputation management and more. RentPath’s holistic solutions simplify the rental search experience for renters while driving occupancies and efficiencies for property managers and owners. RentPath is a Redfin Company.

CONTACT: Brian Carberry, 678-421-3580,

[email protected]

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SOURCE RentPath

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83% of IT and business leaders say adapting to change requires better apps and infrastructure, according to Economist Intelligence Unit report supported by Appian

Supporting remote workers (72%), integrating information and workflows across the organization (69%), and changing systems and processes quickly (69%) are the top 3 areas for improvement

PR Newswire

LONDON, Sept. 14, 2021 /PRNewswire/ — Appian (NASDAQ: APPN) today announced the availability of “IT’s changing mandate in an age of disruption,” a new report from The Economist Intelligence Unit (The EIU), supported by Appian. The report’s findings are rooted in a twin survey, conducted by The EIU, of more than 1,000 IT decision-makers and senior business executives at major corporations around the globe.

IT is in the hot seat. Learn why in this Economist Intelligence Unit report sponsored by Appian.

The survey results highlight the shortcomings of existing IT systems. IT backlogs are significant and IT’s control over the digital infrastructure is slipping. As business demand for new software applications grows, more work is spilling into non-IT development, and most business leaders expect that trend to increase.

In parallel, there is overwhelming agreement that applications need to improve to make organizations more responsive to changing business conditions. 83% of respondents say adapting better to external change requires moderate-to-considerable IT infrastructure and apps improvement.

“The report shows organizations are expecting more from IT at a time when employees and enterprise data are more dispersed than ever. With Low-code, IT can gain agility and deliver the complex applications that businesses need,” said Matt Calkins, CEO of Appian.

The survey data also highlights a path forward. The need for business agility, spurred by the COVID pandemic, is causing IT to forge a new role based on delivering organizational resilience. When asked for the most impactful areas to improve, the top three responses were supporting remote workers (72%), Integrating information and workflows across the organisation (69%) and changing systems and processes quickly (69%).

Additional report highlights include:

  • 3-12 months is the average backlog for planned IT projects, and the situation is worsening as business project demand outstrips IT budget growth.
  • 55% of respondents say business units already do more than IT to procure or develop new applications.
  • 53% of business decision-makers believe the volume of applications built or sourced by non-IT business units will increase over the next 12 months.
  • 75% of business decision-makers state that when procuring or creating new applications, they prefer to keep their data where it is rather than move it to new repositories.
  • 61% of business decision-makers report that they’ve had to cancel a digital project because the proposed app or solution could not access the right data.
  • Despite the importance of advanced automation technologies, 71% of respondents report that relatively few of their applications have AI and/or machine learning capabilities, and 57% report that RPA projects often fail.

To learn more, download the full report, and talk to Appian about how low-code automation accelerates IT and improves business collaboration, performance, and resilience.

About the Report
“IT’s changing mandate in an age of disruption” is a survey-based report written by The Economist Intelligence Unit and supported by Appian. The 1,002 survey respondents represent IT and business decision-makers across six sectors (financial services, insurance, healthcare, the public sector, oil and gas, and energy and utilities) and nine countries (the US, Canada, France, Germany, Italy, the Netherlands, Spain, the UK and Australia). One third are C-level executives and the remainder work at the director level or above. Half of the respondents work in organisations with annual revenues of over US$1bn. The report supplements the survey findings with secondary research and in-depth interviews with experts at organizations including BP, BUPA Australia & New Zealand, Capital One, Mayo Group, Unilabs, and Uniper.

About Appian
Appian helps organizations build apps and workflows rapidly, with a low-code automation platform. Combining people, technologies, and data in a single workflow, Appian can help companies maximize their resources and improve business results. Many of the world’s largest organizations use Appian applications to improve customer experience, achieve operational excellence, and simplify global risk management and compliance. For more information, go to www.appian.com.

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SOURCE Appian