Category: Technology

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Business Lifestyle Technology

Vonage recognised as Established Leader in Conversational Commerce by Juniper Research

HOLMDEL, N.J. — (BUSINESS WIRE) — Vonage, a global leader in cloud communications helping businesses accelerate their digital transformation, has been recognised as an Established Leader in the Conversational Commerce space by Juniper Research, a Europe-based provider of business intelligence specialised in providing high-quality data and fully researched analysis to manufacturers, financiers, developers, and service/content providers across the communications sector.

Conversational Commerce is an in-demand retail trend that capitalises on the growing convergence of shopping and conversations on platforms such as Messenger, WhatsApp and Instagram, using the chat feature to create a seamless shopping experience.

 

Elisha Sudlow-Poole, Research Analyst at Juniper Research, remarked: “Supporting enough communications channels is no longer enough to ensure the success of omnichannel experiences. Vonage’s ability to provide value-added services, such as strong AI capabilities, CRM (Customer Relationship Management) solutions and payment integrations, into its platform ensures depth within existing communications channels. This secures its place as an established leader in this highly competitive market.”

 

The Conversational Commerce Competitor Leaderboard 2022-2027 ranks 19 vendors scored on criteria including capability and capacity, product and position, and market presence. The report highlights Vonage’s strong omnichannel support, including WhatsApp, Twitter, Messenger, LINE and Instagram, as well as the additional value and scalability provided by Vonage communications APIs, including the capability to seamlessly invite buyers to a live video interaction with an in-store associate or customer service agent in just one click.

 

Juniper Research also commends Vonage on its eCommerce and payment integrations, noting that “the ability to process payments and card transactions securely and accurately will be a key to the future growth of the conversational commerce market.” The report also asserts that Vonage’s strong financial performance in the conversational commerce market places the company in a strong position to invest in future technologies such as conversational AI, enhanced security features, region-specific payment features and even future channels as they emerge.

 

“We are thrilled to be named an Established Leader in the conversational commerce space by Juniper Research,” said Yash Kotak, Sr. Director Product Management at Vonage and Founder of Jumper.ai. “Backed by the power of the full Vonage Communications Platform, we will continue to innovate our conversational commerce application to meet customers’ evolving needs, with embedded commerce capabilities to drive more engaging, personalised experiences from anywhere, on any channel.”

 

Vonage’s conversational commerce application, Jumper.ai, is an end-to-end conversational commerce solution that enables brands to create omnichannel, messaging-first customer buying experiences across popular messaging, social and web platforms such as (WhatsApp, Messenger, Apple Business Chat, Instagram, Twitter, SMS, LINE, Google Ads, brand websites, and more). As social messaging becomes more important to consumers across the globe as a quick and direct way of connecting with their favorite brands, the application meets the needs of major global brands such as L’Oréal, Ben & Jerry’s, and Burger King, helping them to connect with consumers, while also turning these conversations into richer AI-enabled customer experiences.

 

Download the Conversational Commerce Leaderboard excerpt.

 

About Vonage

Vonage, a global cloud communications leader, helps businesses accelerate their digital transformation. Vonage’s Communications Platform is fully programmable and allows for the integration of Video, Voice, Chat, Messaging, AI and Verification into existing products, workflows and systems. The Vonage conversational commerce application enables businesses to create AI-powered omnichannel experiences that boost sales and increase customer satisfaction. Vonage’s fully programmable unified communications, contact center and conversational commerce applications are built from the Vonage platform and enable companies to transform how they communicate and operate from the office or remotely – providing the flexibility required to create meaningful engagements.

 

Vonage is headquartered in New Jersey, with offices throughout the United States, Europe, Israel and Asia and is a wholly-owned subsidiary of Ericsson. To follow Vonage on Twitter, please visit www.twitter.com/vonage. To become a fan on Facebook, go to facebook.com/vonage. To subscribe on YouTube, visit youtube.com/vonage.

Contacts

Vonage Media: Elise Leonard, 732-837-3801, elise.leonard@vonage.com

Categories
Healthcare Science Technology

Accutar Biotechnology announces FDA clearance of IND application for Phase 1 trial of AC0676 in B-cell malignancies

CRANBURY, N.J. — (BUSINESS WIRE) — Accutar Biotechnology, Inc., a biotechnology company focusing on artificial intelligence (AI)-empowered drug discovery, today announced that the U.S. Food and Drug Administration (FDA) has cleared the company’s investigational new drug application (IND) for AC0676 for the treatment of patients with relapsed/refractory B-cell malignancies. AC0676 is an orally bioavailable, chimeric degrader molecule designed to target and degrade Bruton’s Tyrosine Kinase (BTK) with high potency, selectivity, and broad mutant coverage. BTK plays a crucial role in the B-cell receptor (BCR) signaling pathway, and its constitutive activation is essential to the pathophysiology of many B-cell malignancies. Accutar expects to begin enrollment of a Phase 1 clinical trial for AC0676 in the beginning of the second quarter of 2023.

“The IND clearance for AC0676 is another important validation that our protein crystallography and AI platforms can support and advance the discovery of potentially differentiated clinical candidates quickly, especially complex compounds such as chimeric degraders. It marks Accutar as the first company to successfully bring oral chimeric degraders against three different targets into clinics,” said Jie Fan, Ph.D., Chief Executive Officer, Accutar Biotechnology, Inc. “The IND clearance for AC0676 is also critical towards offering a potential new treatment option for B-cell malignancies based on a differentiated mechanism of action from covalent and non-covalent BTK inhibitors by removing both kinase and scaffolding functions of BTK. We look forward to the clinical benefit that AC0676 treatment can potentially provide to patients.”

 

The Phase 1 study will assess the safety, tolerability, pharmacokinetics, and preliminary anti-tumor activity of AC0676 treatment in patients with relapsed/refractory B-cell malignancies.

 

About AC0676

AC0676 is an investigational orally bioavailable, chimeric degrader of Bruton’s Tyrosine Kinase (BTK) for the potential treatment of relapsed/refractory B-cell malignancies. In preclinical studies, AC0676 has demonstrated potent and selective BTK protein degradation with broad coverage of BTK wildtype and mutants (including C481S, L528W, and others), favorable pharmacological properties, as well as promising anti-tumor activities in animal models.

 

About Accutar Biotechnology, Inc.

Accutar is a clinical stage biotech company focused on AI-empowered drug discovery, and its application to the discovery and development of clinically differentiated medicines.

 

Be transformative. For patients.

 

To learn more about Accutar, please visit us at www.accutarbio.com.

Contacts

Jiaqiren@accutarbio.com

Categories
Business Lifestyle Technology

Intelligent Light announces the release of IntelliTwin® Suite – The realizable digital thread for HPC simulations

RUTHERFORD, N.J. — (BUSINESS WIRE) — Intelligent Light is currently shipping subscriptions of IntelliTwin® Suite which both organizes HPC workflows and forms a cohesive interface between HPC workflows and systems engineering requirements. As a backbone for Digital Twin, IntelliTwin® is a Digital Thread which manages data provenance and workflows for projects. It does this with minimal intrusion into established engineering workflows.

 

Some of the valuable benefits provided by IntelliTwin® Suite are increased simulation workflow throughput and confidence through repeatable and self-documenting workflows. Other benefits include the management of simulation workflow assets which include results, provenance and other metadata. Through non-invasive management of provenance and metadata, IntelliTwin® Suite supports customer mandates and regulations regarding results accreditation. IntelliTwin® Suite can integrate HPC workflows with your PLM software and can be customized via its open RESTful API infrastructure.

 

Steve Legensky, President of Intelligent Light, remarked about IntelliTwin® Suite, “Everyone is talking about Digital Twins these days and that can mean many things. At the core of any Digital Twin plan is the issue of effective management and the use of data from test and results from simulation; we call that the Digital Thread. We have developed the IntelliTwin® Suite as an open and extensible architecture, agnostic with respect to solver codes, PLM systems, and HPC resources. It is designed to fit into your Digital Twin strategy as you develop and deploy it. The sooner you can begin organizing your valuable simulation and test assets, the more extensive your library of reusable information becomes.”

 

The IntelliTwin® Suite is comprised of the IntelliTwin® Core (workflow and metadata management), SpectreUQTM (easy and efficient uncertainty quantification), KombyneTM (co-processing and visualization), and the Data Analytics Suite (frequency and modal analysis).

 

About Intelligent Light

Founded in 1984, Intelligent Light™ developed FieldView which became one of the world’s leading software tools for visualization and post-processing of CFD. In 2019, Intelligent Light™ spun off FieldView into an entity focused on packaged software (FieldView CFD, Inc.) so that Intelligent Light™ could focus on subscription-based HPC and digital twin products. The company also performs applied research to meet customer needs. Development of SpectreUQ™ and Kombyne™ were supported by the US Department of Energy via grants DE-SC0018633 and DE-SC0015162. For more information, contact our Public Relations Team: pubrel@ilight.com.

 

IntelliTwin® , Kombyne™, and Intelligent Light™ are trademarks of JMSI, Inc.

Contacts

Public Relations

pubrel@ilight.com

Categories
Business Lifestyle Regulations & Security Technology

Mobeus and Oblon collaborate on a non-headset genre of virtual reality

Mobeus, in collaboration with Oblon, has filed a portfolio of patent applications with the USPTO that will enable a new genre of virtual reality experiences that are accessible and inclusive to all

 

SPARTA, N.J. — (BUSINESS WIRE) — #AR—Mobeus, the innovative technology startup behind Airglass™, and Oblon, one of the world’s largest intellectual property law firms, have collaborated on a portfolio of patent applications with the United States Patent and Trademark Office (USPTO) and other international intellectual property regulatory bodies for a new genre of virtual reality (VR) that does not require any additional hardware such as (augmented reality) AR glasses or VR headsets. The collaboration began over two years ago and aims to create a more inclusive and accessible VR experience.

 

“Mobeus has taken a step forward in pioneering innovation that will transcend the current hardware limitations for virtual reality,” said Mike Sutcliff, co-founder and CEO at Mobeus. “It is exciting to enable users of any proficiency to reap the rewards of technology like we saw Tom Cruise used in the movie Minority Report. This portfolio of patents shows our commitment to being a forward-thinking tech company that will help customers deliver superior immersive and interactive experiences.”

 

“The portfolio includes inventions that add a ‘futuristic gesture-like experience’ to the outside of any computer and a ‘depth-like metaverse experience’ to the inside of any computer screen, without needing a headset,” said James Love, a partner at Oblon. He adds, “The first time I tried the prototype comprising the inventions was transformative; the connectedness you feel with your old screen is a new relationship between us and our existing devices.”

 

The eventual virtual smart glass technology will enable consumers to see and interact with any existing document, media, website, game, or app within the depth of the new virtual reality genre. The result is an interactive perception of depth surrounding a screen derived from the built-in camera on the device. The reach of this new path to virtual reality includes consumers who have existing devices but might need more hardware to experience current genres of virtual reality, such as AR and VR.

 

While putting the portfolio of applications into a broader context, Maryam Imam, Head of Intellectual Property at Mobeus, said, “Just like we all added a browser to our devices to see the Internet, we might add a virtual smart glass to our devices to see this new genre of virtual reality. Working with this team has been the highlight of my career; the team here is pioneering.”

 

The portfolio was developed by an international team of inventors, engineers, and designers. An introduction of the technology is available as Mobeus Airglass, a lite, immersive and interactive experience that mixes meetings and illustrations into a sense of depth around the screens of Apple Macs and Microsoft PCs.

 

“The inventors at Mobeus are truly on the cutting-edge, with a revolutionary innovation almost every week,” said Robert Tarcu, a partner at Oblon. “We at Oblon dedicate our one-of-a-kind staff and professional resources to help cultivate these innovations into an exciting portfolio.”

 

Mobeus will demonstrate the new virtual reality genre using a prototype of the company’s virtual smart glass technology at the World Economic Forum’s Annual Meeting in Davos, Switzerland. To learn more about Mobeus and its innovative product capabilities, please visit mobeus.com.

 

About Mobeus

Mobeus is an innovative technology startup based in Sparta, New Jersey. The company aims to reduce friction between people and technology by enabling a novel form of expression. Mobeus is a fully remote company with an international team of inventors, engineers, and designers passionate about creating products that deliver a superior creative experience. Their flagship product, Airglass, is a video and audio communications tool that creates a sense of depth on conventional screens, allowing users to mix people and applications simultaneously. At Mobeus, the team strives to develop cutting-edge technology and solutions that enhance humanity, positively impact relationships, and give people a new way of interacting in the digital world. Learn more at mobeus.com

 

About Oblon

Assisting clients for over 50 years, Oblon is one of the largest intellectual property law firms in the United States. Oblon’s professionals provide a full range of intellectual property services to some of the world’s leading innovators. Oblon is headquartered in Alexandria, Virginia within steps of the United States Patent and Trademark Office with an affiliate office in Tokyo, Japan. Visit oblon.com for more information on the firm.

Contacts

Fiana Tulip

Head of Communications, Mobeus

817.691.3031

fiana.tulip@mobeus.com

Categories
Business Lifestyle Technology Travel & Leisure

Marotta Controls celebrates 80 years of technology innovation

New Jersey’s Homegrown Aerospace and Defense Supplier Credits Speed, Agility, and Community for Its Legacy of Success

 

MONTVILLE, N.J. — (BUSINESS WIRE) — #NewJersey—Marotta Controls, a rapidly growing aerospace and defense supplier based in New Jersey, celebrated its 80th anniversary. President and CEO Patrick Marotta took the opportunity to recognize his team members’ talent, passion, and creativity that has contributed to decades of innovation in Flow Control, Control Systems, and Power Electronics.


“I am humbled by the commitment demonstrated by our staff year after year. Marotta Controls began as a straight-forward production company focused on quality. Together, we took that business and evolved it into a world-class solutions provider,” said Patrick, the third-generation leader of the family-owned company.

 

“We don’t shy away from sharing customer risk or challenge. Instead, we remain nimble. We lean in and collaborate with them as a trusted partner. We help them quickly bring to market technologies that positively impact their performance and operations. It’s an incredible position to be in and one I owe to our teams then and now.”

 

Marotta Controls was founded as a machined components manufacturer by Patrick’s grandfather on January 06, 1943, in Boonton, New Jersey. An opportunity to help Reaction Motors solve a design challenge led to the company’s first major innovation: the balanced poppet solenoid valve. That valve’s technology, though improved upon since its first iteration, still serves as the foundation for the company’s cornerstone products today.

 

Since the moment it opened its doors, Marotta Controls has played a supporting role in significant events throughout aerospace history. The company supplied valve systems for the Saturn Apollo program that landed a man on the moon. It designed fluid control technologies for the first intercontinental ballistic missile, the first Polaris submarine, the first jetliner, the first Tiros weather satellite, and more.

 

Those elegant valve solutions inspired Marotta Controls to expand its capabilities into complementary areas. The company applied its knowledge to reimagining electromechanical motor drives, power supplies, and actuation systems among other products—additions that led to significant growth over the last decade. The bar was raised yet again with Marotta Controls’ introduction of a patented additive manufacturing technique that allows the supplier to produce finely intricate solutions that were previously impossible to build via traditional machine boring methods.

 

“Our innovations have flown to space. They have descended deep into the ocean. And, they have sped through the air at supersonic speeds. These incredible achievements would not have been possible without the talent and support sourced from our home state. Our primary facility is still located in Montville, New Jersey, where my grandfather began this business 80 years ago. We do it all there. Innovate. Design. Build. Test. And, while we have recently expanded to a second New Jersey location, I envision that Montville facility standing as our home base for the next 80 years. There’s a lot more to come,” added Patrick.

 

About Marotta Controls

Founded in 1943, Marotta Controls is a fully integrated solutions provider which designs, develops, qualifies, and manufactures innovative systems and sub-systems for the aerospace and defense sectors. Our portfolio includes pressure, power, motion, fluid, and electronic controls for tactical systems, shipboard and sub-sea applications, satellites, launch vehicles, and aircraft systems. With over 200 patents, Marotta Controls continues to build on its legacy as a highly respected, family-owned small business based in the state of New Jersey. Twitter: @marottacontrols LinkedIn: Marotta Controls, Inc.

Contacts

Heather Ailara

211 Communications

+1.973.567.6040

heather@211comms.com

Katee Glass

Marotta Controls, Inc.

kglass@marotta.com

Categories
Business Lifestyle Technology

Brother International Corporation to showcase comprehensive retail solutions that power the front and back of store operation at NRF 2023

Solutions and hardware from the Brother ecosystem on display to bring visitors through an immersive retail front-of-house, warehouse, and back-office retail experience

 

NEW YORK — (BUSINESS WIRE) — #BarcodeLabel — Join Brother at NRF booth #3145, Jan. 14-17, at the Javits Center in New York City for demonstrations of labeling, printing, and customization technology built for how the retail space operates.

 

Brother Mobile Solutions and Brother International Corporation will feature customer-first technology that supports an automated workflow ecosystem throughout the retail environment. From gearmotors and warehouse, to back-office printing and solutions, to front store customization and personalization, Brother enables retail partners to provide an efficient process built to address each partner’s unique retail need and environment.


Presenting an immersive retail experience

Brother will take attendees through a fully immersive retail experience at NRF. Experts will showcase solutions that meet today’s needs with a full walkthrough of the omnichannel retail landscape. Real-time demonstrations of printer and labeling technology across various retail operations—in-store purchases, warehouse fulfillment, e-commerce and BOPIS orders, and back-office operations—will provide attendees the opportunity to explore the full spectrum of how Brother can help retail operations. Displaying for the first time at NRF, the Brother Home Appliance Division will showcase customized embroidery demonstrations in the retail ecosystem to create even more personalized experiences for customers as part of this immersive booth experience.

 

Technology for today’s challenges:

  • Agile pricing strategies: Updating prices on the sales floor is a key component of competitive pricing but one that takes up valuable associate time, especially in a tight labor market. See how the RuggedJet 3200, winner of the silver CStore Decisions Hot New Product of the Year Technology award, helps address this challenge with mobile printing on-demand.
  • Frictionless shopping experience: Clear, reliable barcode labels give retail customers a better shopping experience, especially with the rise of self-checkout technology. The Brother mobile and desktop printers create reliable labels to fit retailers’ needs.
  • Moving goods through the supply chain: Whether it’s goods moving from the warehouse to the store or reverse logistics to return product back to the manufacturer, high-quality shipping labels and reliable gearmotors for warehouse robots are critical to retailers. Brother offers a line of industrial and desktop printers that have solutions that fit retailers of any size, as well as gearmotors, a vital building block powering retail applications ranging from conveyors to warehouse robotics.
  • Fastest and Boldest Laser Output for Efficiency and Cost Saving: The recently announced Brother Workhorse MFC-L9670CDN multifunction printer provides the optimal performance and output, with a smaller footprint, made for the back office and corporate retail applications. This new series of economical Enterprise Color Laser printers can support any retail or business environment.
  • Customization and customer experience: Brother specialists will show solutions for a multitude of business needs with custom partnerships and integrations ensuring retailers give their customers a unique and seamless shopping experience, with a touch of personalization.

 

The right technology at the right time

Straight-forward labeling solutions are necessary across the retail front-of-house, back office and warehouse. “Giving employees the tools they need to be as efficient and productive as possible is a must in today’s shifting retail landscape,” said Ravi Panjwani, Vice President at Brother Mobile Solutions. “Brothers’ solutions support a seamless, omnichannel approach, and work to meet fast-paced demand through the automation of key tasks.”

 

“The Brother ecosystem for retail solutions and hardware continues to expand to fit the needs of and enhance our partners experiences both in-store and behind-the-scenes,” states Don Cummins, President, Brother International Corporation. “The way customers shop has evolved and we pride ourselves at Brother for being able to address the changing needs of our customers and partners. From customization with our embroidery machines, to the gears in our partner products enabling a smoother workflow, Brother is at your side to improve process efficiency in the fast-paced retail environment.”

 

For more information about the complete Brother retail ecosystem of solutions and hardware, visit Brother International Corporation and Brother Mobile Solutions.

 

About Brother Mobile Solutions

Brother Mobile Solutions, Inc., a wholly-owned subsidiary of Brother International Corporation, provides innovative mobile and desktop printing and industrial labeling solutions to field workforces and mobile enterprises. Brother International Corporation and its subsidiaries employ over 1,100 people in the Americas. For more information about Brother Mobile Solutions and its products, call (800) 543-6144, or visit www.brothermobilesolutions.com.

 

About Brother International Corporation

Brother International Corporation has earned its reputation as a premier provider of home office and business products, home appliances for the sewing and crafting enthusiast as well as industrial solutions that revolutionize the way we live and work. Brother International Corporation is a wholly owned subsidiary of Brother Industries Ltd. With worldwide sales exceeding $6 billion, this global manufacturer was started more than 100 years ago. Bridgewater, New Jersey is the corporate headquarters for Brother in the Americas. It has fully integrated sales, marketing services, manufacturing, research and development capabilities located in the U.S. In addition to its headquarters, Brother has facilities in California, Illinois and Tennessee, as well as subsidiaries in Canada, Brazil, Chile, Argentina, Peru and Mexico. For more information, visit www.brother.com.

Contacts

Molly Walsh

molly@outlookmarketingsrv.com

Categories
Culture Lifestyle Technology

NICE Enlighten AI receives 2022 CUSTOMER Magazine Innovation Award for setting the standard in customer experience

Enlighten AI for CSAT is honored for improving customer service technology through all channels

 

HOBOKEN, N.J. — (BUSINESS WIRE) — #NICE—NICE (Nasdaq: NICE) today announced that TMC, a global, integrated media company, and CUSTOMER Magazine has named NICE Enlighten AI for Customer Satisfaction as a 2022 award winner for Customer Experience Innovation. The 2022 Customer Experience Innovation Award recognizes best-in-class companies setting the standard in delivering exceptional customer experiences through all channels.

 

Enlighten AI for Customer Satisfaction (CSAT) is NICE’s industry leading Machine Learning and Artificial Intelligence (AI) ‘out-of-the-box’ solution that drives exceptional customer experiences by consistently and objectively scoring the agent behaviors that positively impact customer satisfaction, in real-time.

 

Traditional, manual interaction assessments of agent performance are time consuming, subjective and rely on a small random sample size that isn’t representative of an agent’s overall performance. Enlighten AI for CSAT removes the burden and subjectivity of manual evaluations by automatically analyzing every moment of every interaction, whether they happen across digital or voice channels. Measuring and improving upon agent soft-skills behaviors – such as showing empathy, demonstrating ownership, acknowledging loyalty – have been proven to directly influence customer satisfaction.

 

By automating scoring of agent soft skills on 100% of interactions and empowering agents with performance dashboards and the opportunity to self-correct, Enlighten AI offers a more objective standard to process. Supervisor dashboards allow supervisors to monitor team performance; see who is struggling and provide targeted coaching in minutes. Furthermore, Enlighten AI captures the customer data from each interaction and then operationalizes these customer insights, accelerating action, and turning customer service into a real competitive differentiator.

 

“NICE is laser-focused on innovating new AI-driven technologies to enhance contact center performance and help businesses deliver exceptional CX,” said Barry Cooper, President, CX Division, NICE. “Enlighten AI for Customer Satisfaction is the proud result of years of R&D and access to the world’s largest interaction dataset across industries. This solution provides our customers with AI-driven insights and analysis of the behaviors that create improved experiences for their own customers, and therefore provides a competitive advantage.”

 

“Congratulations to NICE for receiving a 2022 Customer Experience Innovation Award. NICE was selected for setting the standard in delivering world-class customer experiences across all channels,” said Rich Tehrani, CEO, TMC. “We’re pleased to recognize this achievement and look to continued innovation from NICE in 2023 and beyond.”

 

To learn how organizations are delivering exceptional CX by improving agent behaviors, please visit our website for videos, demos, and expert articles: www.nice.com/enlighten-ai.

 

About CUSTOMER

Since 1982, CUSTOMER magazine (formerly Customer Interaction Solutions) has been the voice of the customer experience, call/contact center, CRM and teleservices industries. CUSTOMER has helped the industry germinate, grow, mature and prosper, and has served as the leading publication in helping these industries that have had such a positive impact on the world economy to continue to thrive. Through a combination of outstanding and cutting-edge original editorial, industry voices, in-depth lab reviews and the recognition of the innovative leaders in management and technology through our highly valued awards, CUSTOMER strives to continue to be the publication that holds the quality bar high for the industry. Please visit http://www.customer.tmcnet.com.

 

About NICE

With NICE (Nasdaq: NICE), it’s never been easier for organizations of all sizes around the globe to create extraordinary customer experiences while meeting key business metrics. Featuring the world’s #1 cloud native customer experience platform, CXone, NICE is a worldwide leader in AI-powered self-service and agent-assisted CX software for the contact center – and beyond. Over 25,000 organizations in more than 150 countries, including over 85 of the Fortune 100 companies, partner with NICE to transform – and elevate – every customer interaction. www.nice.com

 

Trademark Note: NICE and the NICE logo are trademarks or registered trademarks of NICE Ltd. All other marks are trademarks of their respective owners. For a full list of NICE’s marks, please see: www.nice.com/nice-trademarks.

 

Forward-Looking Statements

This press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, including the statements by Mr. Cooper, are based on the current beliefs, expectations and assumptions of the management of NICE Ltd. (the “Company”). In some cases, such forward-looking statements can be identified by terms such as “believe,” “expect,” “seek,” “may,” “will,” “intend,” “should,” “project,” “anticipate,” “plan,” “estimate,” or similar words. Forward-looking statements are subject to a number of risks and uncertainties that could cause the actual results or performance of the Company to differ materially from those described herein, including but not limited to the impact of changes in economic and business conditions, including as a result of the COVID-19 pandemic; competition; successful execution of the Company’s growth strategy; success and growth of the Company’s cloud Software-as-a-Service business; changes in technology and market requirements; decline in demand for the Company’s products; inability to timely develop and introduce new technologies, products and applications; difficulties or delays in absorbing and integrating acquired operations, products, technologies and personnel; loss of market share; an inability to maintain certain marketing and distribution arrangements; the Company’s dependency on third-party cloud computing platform providers, hosting facilities and service partners;, cyber security attacks or other security breaches against the Company; the effect of newly enacted or modified laws, regulation or standards on the Company and our products and various other factors and uncertainties discussed in our filings with the U.S. Securities and Exchange Commission (the “SEC”). For a more detailed description of the risk factors and uncertainties affecting the company, refer to the Company’s reports filed from time to time with the SEC, including the Company’s Annual Report on Form 20-F. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company undertakes no obligation to update or revise them, except as required by law.

Contacts

Corporate Media Contact
Cindy Morgan-Olson, +1 646 408 5896, ET, cindy.morgan-olson@niceactimize.com

Investors
Marty Cohen, +1 551 256 5354, ET, ir@nice.com
Omri Arens, +972 3 763 0127, CET, ir@nice.com

Categories
Environment Lifestyle Technology

Luminia processes over $2.5 billion in solar financing requests in 2022 to fuel 600+ MW project pipeline

Company increases active development with nearly 100 partners, including community solar projects across five major U.S. markets

 

SAN DIEGO — (BUSINESS WIRE) — Luminia accelerated commercial solar and storage adoption in a breakout year for the company by processing over $2.5 billion in financing requests across the U.S. for solar-plus-storage projects averaging over 1 MW, resulting in Development Agreements for almost 200 MWs of commercial solar projects, with an active development pipeline of an additional 600 MWs. This includes engaging with dozens of real estate portfolio owners, such as Gables Residential, representing nearly 900 million square feet of commercial, industrial, multifamily and hospitality properties.


In addition to expansions for its advanced technology platform for on-the-spot pricing proposals, instant property prequalification and portfolio analysis, Luminia also expanded its reach in community solar with key partners like New Hampshire Solar Garden.

 

“Our extensive background in renewable energy, commercial real estate and capital markets has given us a key advantage in delivering solutions that are uniquely suited to complex commercial markets,” said David Field, CEO and co-founder of Luminia. “By eliminating the financing barriers that once hindered commercial solar progress, we are experiencing explosive demand from our top rated solar partners, especially in the burgeoning community solar space.”

 

According to the Solar Energy Industry Association (SEIA), 41 states have deployed at least one community solar project, with an anticipated 5 GW of capacity to be added in the next five years. Luminia, which closed on 15 MW of community solar in Maine earlier this year, provides unique access to intermediate and long-term financing, driving down the cost of development for community solar and rooftop portfolio projects. With over 600 MW in the pipeline, the company is also developing community solar projects in five key markets, including Massachusetts, New York, Maine, New Hampshire and New Jersey. Projects vary in size and scope to meet individual state and municipal requirements with the pipeline of projects having an average system size of 9.5 MW.

 

In 2022, Luminia’s first-of-its-kind financing solutions catered to commercial property owners across 36 states with diverse needs. Luminia solutions scale from multifamily and industrial REIT portfolios to private education institutions to agricultural farms. Luminia allows property owners to gain access to a range of sustainability and asset value improvements, such as electric vehicle charging infrastructure, or water conservation improvements, without any out-of-pocket money down, or corporate or personal guarantees, like for this Sacramento farm.

 

Luminia continues to expand its suite of financial offerings catered specifically to large commercial portfolio owners. “Our team brings decades of experience as owners and lessors of tenant-occupied commercial real estate. Our REIT-friendly financing structures allow landlords to efficiently share the benefits of solar with their tenants, enabling both landlords and tenants to profitably accelerate solar adoption and meet their ESG objectives,” said Jim Kelly, co-founder of Luminia. “In addition, our strategic focus on community solar provides yet another option for our portfolio clients to monetize their rooftops.”

 

Luminia’s solution was also recently launched on Energy Toolbase’s ETB Developer platform, which now allows renewable energy developers to quickly access Power Purchase Agreement (PPA) quotes and additional financing options that match their customers’ needs directly within the ETB platform.

 

To learn how solar developers are utilizing Luminia financing to procure more business and how commercial property owners are achieving environmental, social, and governance (ESG) goals while increasing net operating income, visit luminia.io.

 

About Luminia

Founded in 2019, California-based Luminia provides unique financing and technology platform solutions that enable the deployment of commercial property sustainability improvements and community solar projects at scale. Through novel financing options and artificial intelligence-driven commercial real estate portfolio analysis, Luminia empowers commercial and industrial property owners to implement holistic clean energy and energy efficiency upgrades without barriers. Luminia partners with property owners, solar developers and portfolio managers to provide purpose-built solutions that offer the greatest potential economic benefit and advance a property’s ability to meet ESG requirements. For more information, visit luminia.io.

Contacts

Christine Bennett for Luminia

christine@cleantechcommunication.com | +1 925.330.4783

Categories
Business Lifestyle Regulations & Security Technology

Knightscope (Nasdaq: KSCP) receives 5 new contracts

Public Safety Innovator Continues to Accelerate Growth Alongside Sustained Renewals

 

MOUNTAIN VIEW, Calif. — (BUSINESS WIRE) — $KSCP #SecurityRobot—Knightscope, Inc. (Nasdaq: KSCP), a leading developer of autonomous security robots, continues to accelerate market expansion with five new contracts for its Autonomous Security Robot (ASR) and Blue Light Emergency Communication services across multiple U.S. states.


The contracts and deployment locations are as follows:

  • A property management group in Chicago will have a K5 ASR patrolling the parking lot of a mixed-use facility with both retail and professional clients as tenants. This will be the Company’s second deployment in the City of Chicago in an area where crime, trespassing, vehicle break-ins, and catalytic converter thefts are at epidemic levels.
  • A police department in North Carolina has purchased a K1 Call Box to aid in direct emergency communications for its citizens.
  • Knightscope scored another Tribal casino client, which will be the first contract in Oklahoma. There are 39 Tribal Nations in Oklahoma alone, and they collectively have over 80 casinos.
  • An airport in New Jersey is replacing a competitor’s product with a K1 Blue Light Emergency Phone.
  • 4 K1 Call Boxes will be going to a construction company in Texas completing a new bridge. The phones will be used to assist in suicide prevention.

 

Knightscope’s expanded product line is helping its clients protect the places people live, work, study and visit in many new ways. In addition to this ongoing new growth, Knightscope perseveres with sustained renewals received from existing clients, further validating the long-term effectiveness of its technologies.

  • A Houston-based hospital signed a 2-year renewal for its 2 K3 ASRs. This will be the 5th and 6th years of service for these Texan robots.
  • Featured in multiple local news stories touting a significant reduction in vehicle break ins, auto thefts and other types of crimes, a Portland hotel renewed its agreement to keep their K5 patrolling its parking lot for another year.

 

These renewals are a testament to the positive impact Knightscope’s technologies have actually solving real problems at a very affordable rate. Click here to discover what Knightscope tools will best help you in your specific application today.

 

About Knightscope

Knightscope is an advanced security technology company based in Silicon Valley that builds fully autonomous security robots that deter, detect and report. Knightscope’s long-term ambition is to make the United States of America the safest country in the world. Learn more about the company at www.knightscope.com. Follow Knightscope on Facebook, Twitter, LinkedIn and Instagram.

 

Forward-Looking Statements

This press release may contain ”forward-looking statements” about Knightscope’s future expectations, plans, outlook, projections and prospects. Such forward-looking statements can be identified by the use of words such as ”should,” ”may,” ”intends,” ”anticipates,” ”believes,” “estimates,” “projects,” “forecasts,” “expects,” “plans,” ”proposes” and similar expressions. Although Knightscope believes that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. Readers are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” in Knightscope’s Annual Report on Form 10-K for the year ended Dec. 31, 2021. Forward-looking statements speak only as of the date of the document in which they are contained, and Knightscope does not undertake any duty to update any forward-looking statements except as may be required by law.

Contacts

Public Relations:
Stacy Stephens
Knightscope, Inc.
(650) 924-1025

Corporate Communications:

IBN (InvestorBrandNetwork)

Los Angeles, California

www.InvestorBrandNetwork.com
310.299.1717 Office

Editor@InvestorBrandNetwork.com

Categories
Business Lifestyle Science Technology

L3Harris to acquire Aerojet Rocketdyne

MELBOURNE, Fla. & EL SEGUNDO, Calif. — (BUSINESS WIRE) — L3Harris Technologies (NYSE: LHX) and Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD) together announced the signing of a definitive agreement for L3Harris to acquire Aerojet Rocketdyne for $58 per share, in an all-cash transaction valued at $4.7 billion, inclusive of net debt.

 

This marks L3Harris’ second acquisition announcement of 2022, demonstrating its continued focus on delivering critical capabilities to warfighters while strengthening the nation’s defense industrial base through increased competition.

 

“We’ve heard the DoD leadership loud and clear: they want high-quality, innovative and cost-effective solutions to meet both current and emerging threats, and they’re relying upon a strong, competitive industrial base to deliver those solutions,” said Christopher E. Kubasik, L3Harris CEO and Chair.

 

“With this acquisition, we will use the combined talents of more than 50,000 employees to drive continuous process improvement, enhance business operations and elevate the performance of this crucial national asset.”

 

A proven provider of world-class propulsion systems and energetics to the DoD, NASA and other partners and allies worldwide, Aerojet Rocketdyne has a 100-year heritage of excellence delivering some of the most significant moments in space exploration and discovery, while leading the industry with investments in rocket propulsion that support America’s warfighters and enhance integrated deterrence.

 

The acquisition will ensure the defense industrial base and our customers will have a strengthened merchant supplier to effectively address both current and emerging threats – and promote scientific discovery and innovation – through targeted investment in advanced missile technologies, hypersonics and more.

 

“This agreement will accelerate innovation for national security propulsion solutions while providing a premium cash value for our shareholders and tremendous benefits for our employees, customers, partners and the communities in which we operate,” said Eileen P. Drake, CEO and President of Aerojet Rocketdyne. “Joining L3Harris is a testament to the world-class organization and team we’ve built and represents a natural next phase of our evolution. As part of L3Harris, we will bring our advanced technologies together with their substantial expertise and resources to accelerate our shared purpose: enabling the defense of our nation and space exploration. This is an exciting new chapter for Aerojet Rocketdyne and our over 5,200 dedicated team members, providing them with additional opportunities, and we look forward to working closely with L3Harris to complete this transaction.”

 

Aerojet Rocketdyne currently generates approximately $2.3 billion in annual revenue. The company’s employees operate primarily out of advanced manufacturing facilities in Canoga Park, California; Camden, Arkansas; West Palm Beach and Orlando, Florida; Huntsville, Alabama; Orange, Virginia; Redmond, Washington; Stennis Space Center, Mississippi; Jonesborough, Tennessee; and Carlstadt, New Jersey.

 

The cash acquisition will be funded with existing cash and the issuance of new debt. The deal is expected to close in 2023, subject to required regulatory approvals and clearances and other customary closing conditions.

 

Additional information regarding this transaction can be found at the L3Harris investor page and the Aerojet Rocketdyne investor page.

 

About L3Harris Technologies

L3Harris Technologies, an agile global aerospace and defense technology innovator, delivers end-to-end solutions meeting our customers’ mission-critical needs. The company provides advanced defense and commercial technologies across space, air, land, sea and cyber domains. L3Harris has more than $17 billion in annual revenue and customers in more than 100 countries.

 

About Aerojet Rocketdyne

Aerojet Rocketdyne, a subsidiary of Aerojet Rocketdyne Holdings, Inc., is a world-recognized aerospace and defense leader that provides propulsion systems and energetics to the space, missile defense and strategic systems, and tactical systems areas, in support of domestic and international customers. For more information, visit www.Rocket.com and www.AerojetRocketdyne.com.

 

Regarding this Acquisition

Barclays Capital Inc. and Goldman Sachs & Co. LLC are serving as financial advisors, and Simpson Thacher & Bartlett LLP is serving as legal counsel to L3Harris. Citi and Evercore Inc. are serving as co-lead financial advisors, and Wachtell, Lipton, Rosen & Katz is serving as legal counsel to Aerojet Rocketdyne.

 

Forward-Looking Statements

This press release contains forward-looking statements that reflect each company’s management’s current expectations, assumptions and estimates of future performance and economic conditions. Such statements are made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Each company cautions investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements. Important risk factors that could cause actual results or outcomes to differ from those expressed in the forward-looking statements are described in the “Risk Factors” sections of each company’s Annual Report on Form 10-K for the year ended December 31, 2021, and subsequent quarterly reports on Form 10-Q. In addition, the following factors, among others, could cause actual results to differ materially from the forward-looking statements or historical performance: delays in, or failures in respect of, anticipated satisfaction of closing conditions, unexpected costs, liabilities or delays, legal proceedings or the ability to obtain regulatory approvals and the satisfaction of other closing conditions in a timely manner or at all. Statements about business acquisitions, including benefits and future plans, are forward-looking and involve risks and uncertainties. The forward-looking statements speak only as of the date of this press release, and L3Harris and Aerojet Rocketdyne disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

 

Additional Information and Where to Find It

In connection with the proposed transaction, Aerojet Rocketdyne will file relevant materials with the U.S. Securities and Exchange Commission (the “SEC”), including Aerojet Rocketdyne’s proxy statement on Schedule 14A (the “Proxy Statement”). Aerojet Rocketdyne plans to mail to its stockholders a definitive Proxy Statement in connection with the proposed transaction. AEROJET ROCKETDYNE URGES YOU TO READ THE PROXY STATEMENT AND OTHER RELEVANT DOCUMENTS FILED OR TO BE FILED WITH THE SEC CAREFULLY AS THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT AEROJET ROCKETDYNE, THE PROPOSED TRANSACTION AND RELATED MATTERS. Investors will be able to obtain a free copy of the Proxy Statement and other related documents (when available) filed by Aerojet Rocketdyne with the SEC at the website maintained by the SEC at www.sec.gov. Investors also will be able to obtain a free copy of the Proxy Statement and other documents (when available) filed by Aerojet Rocketdyne with the SEC by accessing the Investor Relations section of Aerojet Rocketdyne’s website at http://rocket.com.

 

Participants in the Solicitation

Aerojet Rocketdyne and certain of its directors, executive officers and employees may be considered to be participants in the solicitation of proxies from Aerojet Rocketdyne’s stockholders in connection with the proposed transaction. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the solicitation of the stockholders of Aerojet Rocketdyne in connection with the proposed transaction, including a description of their respective direct or indirect interests, by security holdings or otherwise will be included in the Proxy Statement when it is filed with the SEC. You may also find additional information about Aerojet Rocketdyne’s directors and executive officers in Aerojet Rocketdyne’s proxy statement for its 2022 annual meeting of stockholders, which was filed with the SEC on May 3, 2022 and in subsequently filed Current Reports on Form 8-K and Quarterly Reports on Form 10-Q. You can obtain free copies of these documents from Aerojet Rocketdyne using the contact information below.

Contacts

Media Contacts
Paul Swiergosz
L3Harris Technologies

Paul.Swiergosz@L3Harris.com
(321) 378-5631

Steve Warren
Aerojet Rocketdyne

Steven.Warren@rocket.com
(703) 650-0278

Investor Contacts
Rajeev Lalwani
L3Harris Technologies

Rajeev.Lalwani@L3Harris.com
(321) 727-9383

Kelly Anderson
Aerojet Rocketdyne

IR@AerojetRocketdyne.com
(310) 252-8155