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Business Local News Technology

RtBrick completes another cashflow positive year

Routing software pioneer adds Tier-1 deployment to its list of 2020/21 achievements

PRINCETON, N.J. — (BUSINESS WIRE) — RtBrick Inc has completed its financial year, which ran from April 2020 through to March 2021. The company completed another cashflow positive year, alongside achieving some notable milestones, and cemented its position as one of the networking industry’s most important industry pioneers.

The year marked the live deployment of its software in Deutsche Telekom’s broadband network in Germany, following a successful pilot. Europe’s largest carrier is now using RtBrick’s BNG (Broadband Network Gateway) routing software to provide broadband services in Germany at speeds up to 1Gbps.

RtBrick also added support for IPTV services, surpassed the scale limitations of conventional routers using multithread processing, and added new APIs to its software, allowing operators greater control over their networks.

“This year has seen some significant achievements for RtBrick, including a major customer deployment, new products and features,” said Pravin S Bhandarkar, CEO and founder of RtBrick. “Despite the challenges presented by the global pandemic, when we transitioned to a remote working organization, we have maintained a strong engineering presence and augmented the team in strategic areas.”

The end of the financial year culminated in the announcement of a new Consolidated BNG (Broadband Network Gateway) for deployment in more remote locations.

RtBrick was also recognized as finalists in three prestigious industry awards – Leading Lights Most Innovative Telecoms Product, Broadband Awards Best Fixed Access Solution and Computing Technology Product Awards for Infrastructure Product of The Year.

To learn more about RtBrick’s leading disaggregated solution for broadband networks, check out our website here.

About RtBrick

RtBrick has pioneered carrier routing software that runs on off-the-shelf hardware. It has applied the same approach to networks that the huge ‘cloud-natives’ have used to build and operate their web-scale IT services. RtBrick is a privately held company, with staff located in India, Europe and the USA.

Contacts

Media

Justin Ordman

Red Lorry Yellow Lorry

rtbrick@rlyl.com
857 217 2886

Categories
Local News Technology

Supply chain delays negatively impact civil contractors in Q1

Latest findings from The Civil Quarterly show despite general optimism, the vast majority of civil contractors are challenged with getting materials to projects; concerned with increasing material costs

HAMILTON, N.J. — (BUSINESS WIRE) — In Q4 2020, Dodge Data & Analytics’ The Civil Quarterly (TCQ) reported that fewer than half (43%) of civil contractors believed fluctuations in the cost of construction materials had impacted their projects at the time. Today’s Q1 report, however, revealed a stark contrast to those findings. The vast majority have negatively felt these impacts, with 71% of civil contractors experiencing serious issues getting materials to projects and 76% now are concerned with cost increases for construction materials over the next six months.

With reports of moderate drops in backlog levels, revenues and profit margins in 2020, civil construction has faired the pandemic reasonably well. In fact, concerns about these three factors leveled off for most respondents by Q1 2021. In addition, 65% of civil contractors are optimistic about the ability of the market to provide new work, up from 58% from last quarter.

However, the positive outlook about new work is counterbalanced by the increased concern about the cost of materials. Over two-thirds (69%) of those who reported some concerns about material costs expect the price of steel to increase, and many also expect increases in the cost of pavement/concrete and aggregates. Lumber and piping were also frequently mentioned by the contractors surveyed. In addition, concerns about the cost and availability of construction equipment have grown, and Q1’s TCQ found that 34% of civil contractors reported impacts from the previous six months due to the cost of equipment, and 43% are concerned that prices are going to continue to rise.

The delay in these direct experiences of supply chain challenges may suggest long-term effects that are harder to rectify. While it is unclear whether this would impact the large infrastructure investments currently recommended by the Biden administration, they may impact the degree to which the civil construction sector can successfully bounce back in the first half of 2021.

In addition to supply chain insights, TCQ also featured an in-depth look and benchmark regarding the ways in which contractors gather and analyze data. The findings reveal an industry that is already seeing the advantages of their use of data but is also still reliant on manual processes. For instance, many still use paper forms for collecting data, especially for safety (38%) and material project delivery (31%). And of those collecting data, 32% manually conduct the actual analysis of it on paper as well, especially around safety.

Despite these limitations, about half of civil contractors report that their data gathering and analysis efforts result in:

  • More accurate estimations during the bidding process (56%)
  • Reduced rework (52%)
  • Better productivity (52%)
  • Increased budget performance (51%)
  • Improved safety (48%)

TCQ provides a quarterly snapshot of the current business health of contractors operating in this dynamic environment and explores trends in the industry: The report is the result of a partnership with Founding partner Infotech®, Platinum partner Hexagon and Gold partners Command Alkon and Digital Construction Works, and is based on original research collected from civil contractors and engineers. It is available for free download to help all those who have a stake in the U.S. civil construction industry. Future editions will continue to address a wide range of related topics providing a comprehensive view of this complex and ever-changing segment of the construction economy. Click here to download a copy: https://www.infotechinc.com/thecivilquarterly/.

About Dodge Data & Analytics: Dodge Data & Analytics is North America’s leading provider of commercial construction project data, market forecasting & analytics services and workflow integration solutions for the construction industry. Building product manufacturers, architects, engineers, contractors, and service providers leverage Dodge to identify and pursue unseen growth opportunities that help them grow their business. On a local, regional or national level, Dodge empowers its customers to better understand their markets, uncover key relationships, seize growth opportunities, and pursue specific sales opportunities with success. The company’s construction project information is the most comprehensive and verified in the industry. Dodge is leveraging its more than 125-year-old legacy of continuous innovation to help the industry meet the building challenges of the future. Learn more at www.construction.com.

About Infotech®:

Info Tech, Inc., DBA Infotech (Infotech) is a leading SaaS solutions provider for the infrastructure construction industry. Informed by DOT relationships and decades of experience, Infotech develops software solutions that bridge the gaps between owners, consultants, contractors, and other project stakeholders. Whether it be tools for construction administration and inspection or secure online bidding, all of Infotech’s solutions are built to increase transparency, productivity and the availability of data. Infotech is the developer of Appia®, Bid Express®, and Doc Express®, as well as the official contractor for AASHTOWare Project™. For more information, visit infotechinc.com.

About Hexagon:

Hexagon is a global leader in sensor, software and autonomous solutions. We are putting data to work to boost efficiency, productivity, and quality across industrial, manufacturing, infrastructure, safety, and mobility applications.

Our technologies are shaping urban and production ecosystems to become increasingly connected and autonomous – ensuring a scalable, sustainable future. Hexagon (Nasdaq Stockholm: HEXA B) has approximately 20,000 employees in 50 countries and net sales of approximately 3.9bn EUR. Learn more at hexagon.com and follow us @HexagonAB.

About Command Alkon: As the provider of the leading Supplier Collaboration Platform for Heavy Work, Command Alkon solutions deliver supply chain digital collaboration across the heavy construction community. CONNEX, a technology platform built for the industry, enables business partners to automate and integrate business process, capture real-time visibility into heavy material orders and deliveries, and share knowledge to promote certainty of outcomes. Command Alkon is headquartered in Birmingham, Alabama and has offices in locations around the globe. For more information, visit commandalkon.com.

About Digital Construction Works: Digital Construction Works (DCW) is a leading industry application and technology integration services and solution company. We help owner-operators and constructors accelerate the adoption and use of digital workflows, incorporate digital twins of assets, implement best practices, and, if needed, include the right combination of fit-for-purpose third-party technology to improve construction planning, design-build, operations, and project outcomes. We take current disparate applications and integrate them so they all work together, and they can be managed in a single, secure, integrated platform with project insights. DCW has highly skilled subject matter experts from many professional engineering backgrounds who are available for three types of engagements, including advisory services, resident engineer or consultant, or virtual consultant. http://www.digitalconstructionworks.com/

Contacts

Nicole Sullivan | AFFECT Public Relations & Social Media | +1-212-398-9680, nsullivan@affectstrategies.com

Categories
Local News Technology

Construction starts increase in March, but rising material prices could hamper recovery

A strong pickup in nonresidential building overpowers weakness elsewhere

HAMILTON, N.J. — (BUSINESS WIRE) — Total construction starts rose 2% in March to a seasonally adjusted annual rate of $825.3 billion, according to Dodge Data & Analytics. A solid gain in nonresidential building starts fueled the March gain, while growth in residential starts was minuscule and nonbuilding starts fell outright. The Dodge Index rose 2% in March, to 175 (2000=100) from February’s 172.


“The March increase in construction starts is certainly welcome news following the past three months of decline,” said Richard Branch, Chief Economist for Dodge Data & Analytics. “Construction will continue to improve as the year moves on. However, just as the pandemic is beginning to loosen its grip on the economy, logistical problems and the rapid escalation in material prices have stepped in as the primary risk to the construction sector. These issues may restrain opportunity in the coming months, causing the sector’s recovery to lag that of the overall economy.”

Below is the full breakdown across nonbuilding, nonresidential, and residential construction:

  • Nonbuilding construction starts fell 7% in March to a seasonally adjusted annual rate of $186.7 billion, following a sizeable gain in February. Miscellaneous nonbuilding sector (-43%) and environmental public works (-11%) led the decline, whereas the utility gas plant and highway and bridge categories rose 39% and 2% respectively.

For the 12 months ending March 2021, total nonbuilding starts were 10% lower than the 12 months ending March 2020. Highway and bridge starts were 3% higher on a 12-month rolling sum basis, while environmental public works were up 8%. Miscellaneous nonbuilding fell 19% and utility/gas plant starts were down 36% for the 12 months ending March 2021.

The largest nonbuilding projects to break ground in March were the $1.2 billion (1.1 GW) Sanborn Solar Facility in Mojave CA, the $525 million Azure Sky (350 MW) wind farm in Throckmorton TX, and the $425 million Double E Pipeline, a 135-mile pipeline between Eddy County NM and Waha TX.

  • Nonresidential building starts rose 13% in March to a seasonally adjusted annual rate of $235.3 billion. Institutional building starts rose 15% during the month fueled by gains in education, recreation, and public buildings. Commercial building starts increased 11% thanks to healthy gains across all commercial sectors. Manufacturing starts, meanwhile, lost 52% in March after strong levels during the previous two months.

For the 12 months ending March 2021, nonresidential building starts dropped 28% compared to the 12 months ending March 2020. Commercial starts declined 30%, institutional starts were down 20%, and manufacturing starts slid 56% in the 12 months ending March 2021.

The largest nonresidential building projects to break ground in March were a $306 million Amazon, Inc. warehouse in Maspeth NY, the $300 million Ball Corp. Aluminum Can factory in Pittson PA, and the $288 million TCCD Northwest Campus Redevelopment in Arlington TX.

  • Residential building starts increased by less than one percent in March to a seasonally adjusted annual rate of $403.3 billion. Multifamily starts rose by a brisk 33%, while single family starts slipped 9% lower.

For the 12 months ending March 2021, total residential starts were 6% higher than the 12 months ending March 2020. Single family starts gained 14%, while multifamily starts were down 14% on a 12-month sum basis.

The largest multifamily structures to break ground in March were the $329 million 1629 Market Street mixed-use project in San Francisco CA, the $287 million Schuylkill Yards West Tower in Philadelphia PA, and the $242 million National Urban League mixed-use building in New York NY.

  • Regionally, March’s starts rose in the West, South Central, and Northeast regions, but fell in the Midwest and South Atlantic regions.

About Dodge Data & Analytics

Dodge Data & Analytics is North America’s leading provider of commercial construction project data, market forecasting & analytics services and workflow integration solutions for the construction industry. Building product manufacturers, architects, engineers, contractors, and service providers leverage Dodge to identify and pursue unseen growth opportunities that help them grow their business. On a local, regional or national level, Dodge empowers its customers to better understand their markets, uncover key relationships, seize growth opportunities, and pursue specific sales opportunities with success. The company’s construction project information is the most comprehensive and verified in the industry. Dodge is leveraging its more than 125-year-old legacy of continuous innovation to help the industry meet the building challenges of the future. Learn more at www.construction.com.

Contacts

Nicole Sullivan

AFFECT Public Relations & Social Media

+1-212-398-9680, nsullivan@affectstrategies.com

Categories
Local News

Energy savings topped list in State of Distributed Energy Resources Study

PRINCETON, N.J.–(BUSINESS WIRE)–Energy cost savings topped the list for customer needs when considering distributed energy resources (DER) in a recent study by NRG Energy, Inc. (NSYE: NRG) in collaboration with Smart Energy Decisions (SED). The goal of the State of Distributed Energy Resources Study was to better understand DER energy trends with the nation’s largest electric power users.

In the study, nearly 87 percent said cost savings was an important factor when asked what the key driver was for considering DERs. Other significant drivers included environmental and sustainability matters. Achieving renewable energy and sustainability targets were also some of the other top influences for developing long term distributed energy plans. Meeting emission reduction goals increased 17 percent from 2019 to 2020 as a driver of deploying DERs. To meet corporate sustainability goals, customers deploy renewable energy resources in their micro-grid. This leads to freedom to access energy on their terms at a cost-efficient rate and when they need it.

The study interviewed more than 100 large electric power users regarding their energy plans and how DERs fit into their overall strategy.

To read the entire version of the State of Distributed Energy Resources Study click here.

About NRG

At NRG, we’re bringing the power of energy to people and organizations by putting customers at the center of everything we do. We generate electricity and provide energy solutions and natural gas to more than 3.7 million residential, small business, and commercial and industrial customers through our diverse portfolio of retail brands. A Fortune 500 company, operating in the United States and Canada, NRG delivers innovative solutions while advocating for competitive energy markets and customer choice, and by working towards a sustainable energy future.

About Smart Energy Decisions

Smart Energy Decisions is the leading information and research platform serving large electric power users. We produce News analysis, research and events designed to help our community make smart energy decisions. We are a catalyst for change in support of the energy transition taking place in electric power markets. Our mission is to help large electric power users improve their profitability and reduce their carbon emissions by adopting best practices in energy efficiency and renewable energy sourcing.

Contacts

Investors:
Kevin L. Cole, CFA

609.524.4526

investor.relations@nrg.com

Media:
Candice Adams

609.524.5428

candice.adams@nrg.com

Categories
Local News

Why independent bloggers need DEI from funders

The news media landscape has been evolving, where independent bloggers and freelancers are an essential part of the news ecosystem, which supports our democracy.

Nevertheless, due to the new digital era and the independent roles that have been established, some bloggers and journalists are experiencing revenue disadvantages in funding for small blog businesses, and from advertisement networks such as Google AdSense.

They lack diversity, equity and inclusion (DEI).

An example of the changes in the journalism industry exists even with the New York Times that has transitioned from a traditional newsroom with a large daily newspaper circulation, to include a robust digital online presence nowadays. Many other publications these days do not even have print copies but are now only online.

With emerging online news options, the entire business at large continues to change. Headlines and news leads no longer strictly adhere to traditional Associated Press (AP) rules, in terms of length and forbidden English articles such as “the,” “a” and “an.” The game is so different now because the Internet provides unlimited space for content.

But with so much in and a lot more gone from our newsrooms, who will be paying for the new technology and those using it for freelance and independent work?

Is the answer the collaboratives such as The Lenfest Institute and Facebook Journalism Project?

“The Lenfest Institute team was hired in Sept. 2016, and our first major grant program was 2017,’’ stated Jim Friedlich, who is part of the Lenfest-FJP team.

Many other organizations such as grant funders for Journalism projects and initiatives are on the rise to endeavor in assisting with business costs and revenues. But who gets these funds? Do all eligible and qualified journalists get their fair share? The answer is, NO!

The Google News Initiative, for example, tries to be inclusive with each of their different funding projects.

“We try to fund for a diversity of applicants, so we change the themes, too: From local and technology to diversity equity and inclusion,” explained Madhav Chinnappa, director of News Ecosystem Development at GNI.

The GNI has been funding innovative Journalism projects for a few years now, and since the COVID-19 Pandemic, it even funded journalists just to help with emergency revenues. But still, the DEI efforts to fund all eligible applicants have not been fully successful.

This is where we experience the adverse effects of traditional journalism out, and digital in.  With all the newspaper industry changes and the issues of downsizing, the Internet has replaced a lot of manpower, or people needed for newsroom jobs.

So, now we have social media, bloggers, and independent Journalists doing the traditional newsroom jobs that must go on in a digital era. This is a big deal. Everyone now has a stronger voice. Democracy is very much alive. But not everyone is getting paid.

Journalist are still carrying on the voice of their local newspapers in a digital way. The problem is, who pays the digital journalists now? How do bloggers and Independent Journalist get paid for helping to keep our democracy functioning?

There are a few true and tried methods for revenue: Of course, the grant funders make an effort; also do the advertisement networks such as Google AdSense and others, and thanks to readers’ contributions.

But all that is not enough when some independent journalists are constantly working and posting their stories but are not making a living wage. It seems this disparity affects minorities because of the built-in systematic injustices that are tied into the new journalism revenue systems.

Grant funding is never guaranteed even though minority applicants are very eligible and over-qualified. Neither are the payments from Google AdSense diverse, equitable or inclusive. Minority journalists always have to compete for a paycheck. This is a huge discrepancy in the revenue system and for our shared democracy.

Although Chinnappa states that Google Adsense does not intentionally lack DEI, and “that it is definitely not the intent in any of (Google) products,” to show disparity, some Journalist are just not happy with the current revenue system that significantly limits payments for those who work, but are not as accepted or as popular.

Our democracy needs all our voices, not just some. That’s why voting matters for all, and so does journalism.

Now, with everyone having a place online to speak up and help to contribute to a variety of discourses, communities have a greater sense of our common humanity, and a better understanding of who we all are, and our place and purpose in society.

All people matter. All of our voices and our purposes matter.

Categories
Local News

Innophos Inc. announces issuance of patent on INNOVALT® Hydrogen Sulfide (H2S) Scavenger for use in asphalt applications

CRANBURY, N.J.–(BUSINESS WIRE)–Innophos Inc., a leading producer of specialty phosphates, announces that the US Patent and Trademark Office Patent, has issued US Patent 10,767,118 on September 8, 2020. The patent covers a family of metal-based scavengers that reduce hydrogen sulfide emissions in asphalt, thereby improving the safety of those working with the asphalt and reducing equipment corrosion. The patent has an expiration date of August 2, 2036.

Hydrogen Sulfide (H2S) in Asphalt

H2S is a naturally occurring gas that is found in crude oil and its derivatives from the refining process, such as asphalt. H2S is also formed by the degradation of sulfur compounds in the oil when it is exposed to high temperatures or catalysts in the refining process. H2S is a toxic and corrosive gas, and its presence can lead to hazardous conditions for humans and equipment. To reduce H2S in asphalt, many asphalt producers and terminals use metal-based scavengers to remove the H2S prior to transporting to downstream destinations.

About INNOVALT® Scavenger

When liquid asphalt is modified with polyphosphoric acid (PPA) to achieve a higher performance grade for use in asphalt pavements, not all metal-based H2S scavengers are capable of withstanding the transiently acidic environment created by the PPA resulting in the increased release of H2S. INNOVALT® SL70’s newly patented, metal-based liquid technology is capable of withstanding the acidic condition generated in asphalt when it is PPA-modified and maintains the metal sulfide bond in suspension instead of releasing H2S into the storage vessel’s headspace.

“This patent expands Innophos’ portfolio in the PPA-modified asphalt space in which Innophos has been a lead innovator over the past 25 years with several patent-protected applications,” said Sherry Duff, Chief Marketing and Technology Officer. “It’s very exciting to see how our solution allows the asphalt industry to achieve a higher level of performance for their products while improving the safety of those working with the asphalt.”

About the Company

Innophos is a leading international producer of essential ingredients. We partner with world-leading health & nutrition, food & beverage, and industrial brands to create science-based solutions that improve quality of life. Our knowledgeable teams apply science to unlock the potential that lies within the blends and formulations that we deliver. Forward thinking and people centric at heart, we execute with purpose and efficiency to create value in everything we do. Headquartered in Cranbury, New Jersey, Innophos has manufacturing operations across the United States, in Canada, Mexico and China. For more information, please visit www.innophos.com.

Contacts

Eugenia Erlij, VP of Marketing and Communications

eugenia.erlij@innophos.com
614.787.6756

Categories
Local News

Dodge Momentum Index inches up in August

HAMILTON, N.J.–(BUSINESS WIRE)–The Dodge Momentum Index increased 1.8% in August to 126.5 (2000=1000) from the revised July reading of 124.2. The Momentum Index, issued by Dodge Data & Analytics, is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. In August, the commercial component rose 3.3%, while the institutional component moved 1.2% lower.


The August increase in the overall Momentum Index is the second consecutive rise and a further sign that the construction sector continues to post a modest recovery following the large declines in April and June. This recovery, though, is uneven. The commercial component has risen 9% from its June low and is just 13% below its 2018 peak fueled by increased planning activity for warehouse and office projects. The institutional component, however, has declined for five consecutive months and has yet to hit bottom. The institutional component is now 34% below its recent peak. The public side of the building market is suffering as state and local government revenues have declined, creating budget cuts across the country. This has led to a significant pullback in education projects entering planning, placing substantial downward pressure on the institutional component of the Momentum Index.

In August, 11 projects each with a value of $100 million or more entered planning. The leading commercial projects were a $262 million UPS distribution facility in Mebane NC and a $200 million Amazon distribution center (Project Star) in San Antonio TX. The leading institutional projects were the $150 million BayCare South Florida Baptist Hospital in Plant City FL and the $125 million second phase of the Veterans Memorial Arena in Binghamton NY.

About Dodge Data & Analytics: Dodge Data & Analytics is North America’s leading provider of commercial construction project data, market forecasting & analytics services and workflow integration solutions for the construction industry. Building product manufacturers, architects, engineers, contractors, and service providers leverage Dodge to identify and pursue unseen growth opportunities that help them grow their business. On a local, regional or national level, Dodge empowers its customers to better understand their markets, uncover key relationships, size growth opportunities, and pursue specific sales opportunities with success. The company’s construction project information is the most comprehensive and verified in the industry. Dodge is leveraging its more than 125-year-old legacy of continuous innovation to help the industry meet the building challenges of the future. Learn more at www.construction.com.

Contacts

Media Contact: Nicole Sullivan | AFFECT Public Relations & Social Media | +1-212-398-9680,

nsullivan@affectstrategies.com

Categories
Local News

Zycus’ AI-powered Bots transforming accounts payable operations across industries

Diverse enterprises achieving up to 98% accuracy in invoice data extraction, drastically reducing invoice processing cycle-times, and freeing up FTEs to focus on strategic activities

PRINCETON, N.J.–(BUSINESS WIRE)–#ai–Zycus, a global leader in AI-driven Source-to-Pay software solutions, announced today that its AI-powered, self-learning Merlin Bots have achieved the promised accounts payable efficiency at diverse customer companies, including an automotive giant, a health insurer, a manufacturing company, and a non-profit educational firm. Though belonging to different industry verticals, all these organizations had the same challenge with their accounts payable operations – repetitive and iterative manual processes that reduced efficiency and increased costs.

The health insurer foresaw rapid business growth and wanted to build capacity for a higher volume of supplier invoices. They wanted to truly automate invoice data extraction to reduce human dependency, costs, and full-time-equivalents engaged in the low-value and mechanical tasks of invoice processing. After Zycus’ implementation, the health insurer experienced an accuracy of 98% for line-level invoice data extraction, a 75% reduction in invoice processing cycle-time, and a 50% reduction in the number of manual clicks required to extract and process each invoice.

The automotive giant with $20Bn in revenue participated in a time motion study with Zycus to assess its processes and found invoice processing as low-hanging fruit to reduce costs. That’s when they decided to implement Zycus’ Merlin AP SmartDesk Bots and Invoice Reader Bots. The team has achieved an average of 90% accuracy in the extraction of various invoice fields (such as invoice number, purchase order number, invoice date, supplier name, item description, item quantity, item unit price, and item-total). In the new AP order, the company also has increased visibility into its spending. The use cases were similar at the two other companies – a manufacturing organization and a non-profit educational firm.

Richard Waugh, Vice President- Corporate development shares, “The reason why Merlin AI bots work across the board is they are truly versatile and agnostic to industry, technology, language or invoice templates. We built them in-house, on the back of our 20 years of experience in artificial intelligence. We are able to drive greater than 90% accuracy in all scenarios, and I think it is unmatched in the industry.”

Zycus’ self-learning, AI bots make use of Natural Language Processing (NLP) and Intelligent Invoice Capture. They can plug into any technological, ERP, or accounts payable environment seamlessly.

Bikash Mohanty, Director Product Management concludes, “AP staff should be able to focus on areas of strategic value – managing suppliers, cash, and risk – instead of spending much of their time keying or re-keying invoice data because of a lack of tools or outdated OCR technology that suffers from low accuracy in extracting invoice data. There is a better way – AI can help AP shift from tactical to strategic.”

About Zycus Inc.

Zycus is a leading global provider of AI powered Source-to-Pay suite for procurement, finance, and AP organizations. Our comprehensive product portfolio includes eProcurement, eInvoicing, Spend Analysis, eSourcing, Contract Management, Supplier Management, Financial Savings Management, Project Management, Request Management, Supplier Network, Insight Studio, and Merlin A.I. Suite with intelligent BOTs. Our spirit of innovation and passion to help organizations create greater business impact is reflected among the hundreds of solution deployments that we have undertaken over the years.

Contacts

Ankit Aggarwal – Product Marketing Lead – Zycus Inc

+91 98333 11510

Categories
Local News

Universal Display Corporation announces $25,000 donation to the Smith Family Foundation

EWING, N.J.–(BUSINESS WIRE)–$OLED #OLEDUniversal Display Corporation (Nasdaq: OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced the donation of $25,000 to the Smith Family Foundation (SFFNJ), a private grant-making institution assisting with education, neighborhood development, youth services, and other community programs in Trenton, NJ.

“The partnership with Universal Display Corporation (UDC) is a wonderful example of how the for-profit and nonprofit communities can work together to create the change we all want to see in our great city,” said Katherine Nunnally, Executive Director and Chief Executive Officer of the Smith Family Foundation. “Through our relationship, the Trenton nonprofit sector will be allocated resources and educational opportunities to assist them as they continue working to make our community a safe, healthy, and prosperous urban hub.”

“We are committed to fostering our local communities and are pleased to be supporting the Smith Family Foundation with this donation of $25,000,” said Steven V. Abramson, President and Chief Executive Officer of Universal Display Corporation. “Our relationship with the Smith Family Foundation began with Steve Smith, a former UDC colleague and current SFFNJ Board Member, and we are delighted to continue working together on a mission to enrich the Trenton community through educational initiatives.”

About Smith Family Foundation

The Smith Family Foundation is a private grant-making Institution, founded in Trenton, NJ in 2016. Their Mission is to empower its community, cultivate leaders and transform lives by providing funding and leadership development to Trenton-based organizations.

In May of 2016, the Smith family — Pearlie Smith & her seven children — received a substantial financial blessing. Blessed with a new opportunity, the family made it their collective mission to improve the quality of life for residents in their hometown – thus the Smith Family Foundation was born. While the foundation allows the Smiths to support their community in ways previously unimagined, the family is no stranger to philanthropy. The seeds for the foundation were planted decades ago in the South Side of Trenton, where Seamon and Pearlie Smith raised their children on values of hard work, love of God, and giving back.

About Universal Display Corporation

Universal Display Corporation (Nasdaq: OLED) is a leader in the research, development and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications. Founded in 1994, the Company currently owns, exclusively licenses or has the sole right to sublicense more than 5,000 patents issued and pending worldwide. Universal Display licenses its proprietary technologies, including its breakthrough high-efficiency UniversalPHOLED® phosphorescent OLED technology that can enable the development of low power and eco-friendly displays and solid-state lighting. The Company also develops and offers high-quality, state-of-the-art UniversalPHOLED materials that are recognized as key ingredients in the fabrication of OLEDs with peak performance. In addition, Universal Display delivers innovative and customized solutions to its clients and partners through technology transfer, collaborative technology development and on-site training.

Headquartered in Ewing, New Jersey, with international offices in China, Hong Kong, Ireland, Japan, South Korea and Taiwan, and wholly-owned subsidiary Adesis, Inc. based in New Castle, Delaware, Universal Display works and partners with a network of world-class organizations. To learn more about Universal Display Corporation, please visit https://oled.com/.

Universal Display Corporation and the Universal Display Corporation logo are trademarks or registered trademarks of Universal Display Corporation. All other company, brand or product names may be trademarks or registered trademarks.

All statements in this document that are not historical, such as those relating to the impact of the COVID-19 pandemic on the Company and otherwise, Universal Display Corporation’s technologies and potential applications of those technologies, the Company’s expected results and future declaration of dividends, as well as the growth of the OLED market and the Company’s opportunities in that market, are forward-looking financial statements within the meaning of the Private Securities Litigation Reform Act of 1995. You are cautioned not to place undue reliance on any forward-looking statements in this document, as they reflect Universal Display Corporation’s current views with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated. These risks and uncertainties are discussed in greater detail in Universal Display Corporation’s periodic reports on Form 10-K and Form 10-Q filed with the Securities and Exchange Commission, including, in particular, the section entitled “Risk Factors” in Universal Display Corporation’s Annual Report on Form 10-K for the year ended December 31, 2019 and its subsequent Quarterly Reports on Form 10-Q. Universal Display Corporation disclaims any obligation to update any forward-looking statement contained in this document.

Follow Universal Display Corporation

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(OLED-C)

Contacts

Universal Display:

Darice Liu

investor@oled.com
media@oled.com
+1 609-964-5123

Smith Family Foundation Inc.:

Katherine N. Nunnally, MPA

Executive Director/CEO

knunnally@sffnj.org
+1 609-888-6300

Categories
Local News

Lou Sigillo joins Cenlar as senior vice president of contact centers

EWING, N.J.–(BUSINESS WIRE)–Cenlar FSB, the nation’s leading mortgage loan subservicer, announced today that Lou Sigillo has joined the company as Senior Vice President of Contact Centers.


Lou is an award-winning and driven leader with more than 25 years of experience in every facet of call-center operations,” said Kimberly Gibson, Executive Vice President, Borrower Operations and Executive Committee Member for Cenlar. Over this time he has demonstrated passion and commitment to the customer experience. He is a strong advocate for the customer and, at the same time, is adept at driving efficiencies across the business.”

Prior to Cenlar, Lou was a Senior Vice President of Client Engagement for Alorica, one of the largest global outsourcing companies in the world. Before that, Lou was Vice President of Customer Service Operations for Verizon’s wireless operations. At Verizon, he directed the customer service strategy, service delivery and service excellence across internal centers, home-based agents, and strategic partner call centers. Among his accomplishments was the transformation of customer service from multiple field organizations into a centralized national organization.

Lou will be responsible for overseeing Cenlar’s contact center operations, with an initial goal of standardizing, streamlining, and upgrading workforce and technological processes. These efforts will be oriented toward building a seamless customer journey and frictionless omnichannel experience.

About Cenlar FSB

Cenlar FSB is a federally chartered, employee-owned wholesale bank, servicing more than 2.7 million mortgage loans in 50 states. As the nation’s leading subservicer, Cenlar boasts a loyal and growing client base of more than 150 institutions including banks, credit unions, and mortgage bankers. Our 3,000 employees, strategically located throughout the United States, are dedicated to teamwork and customer satisfaction, thereby providing client solutions that are unparalleled in quality, flexibility and innovation. Headquartered in Ewing, NJ, Cenlar is industry rated and audited regularly by independent third parties.

For more information, visit www.cenlar.com. Find us on LinkedIn here: https://www.linkedin.com/company/cenlar-fsb/

 

Contacts

Adrienne R. Kowalski

Corporate Communications Director

arkowalski@cenlar.com