Category: Technology

PARAMUS, N.J. — (BUSINESS WIRE) — Movado Group, Inc. (NYSE: MOV) invites investors to listen to a broadcast of the Company’s conference call to discuss third quarter 2022 earnings results on Tuesday, November 23, 2021 at 9:00 a.m. Eastern Time. A press release detailing the Company’s third quarter 2022 results will be issued before the market opens and prior to the call. The conference call will be hosted by Efraim Grinberg, Chairman and Chief Executive Officer, and Sallie DeMarsilis, Executive Vice President, Chief Operating Officer and Chief Financial Officer.

 

Investors and analysts interested in participating on the call are invited to dial (877) 407-0784 and reference conference ID number 13725226 approximately ten minutes prior to the start of the call. The conference call will also be webcast live at www.movadogroup.com. The webcast will be archived online within one hour of the completion of the conference call and remain available for 90 days. Additionally, a telephonic re-play of the call will be available at 12:00 p.m. ET on November 23, 2021 until 11:59 p.m. ET on December 7, 2021 and can be accessed by dialing (844) 512-2921 and entering replay pin number 13725226.

 

Movado Group, Inc. designs, sources, and globally distributes MOVADO®, MVMT®, OLIVIA BURTON®, EBEL®, CONCORD®, COACH®, TOMMY HILFIGER®, HUGO BOSS®, LACOSTE® and SCUDERIA FERRARI® watches worldwide, and operates Movado Company Stores in the United States and Canada.

Contacts

ICR, Inc.

Investors:

Rachel Schacter/Allison Malkin

203-682-8200

The shifting NYC data center market points to H5 Data Centers’ 325 Hudson Street facility, featuring low-cost access to the largest neutral IX in the NY/NJ market

 

NEW YORK — (BUSINESS WIRE) — #325hudson—DE-CIX, the world’s leading Internet Exchange (IX) operator and home to the largest carrier and data center neutral interconnection ecosystem on the planet and H5 Data Centers, a national colocation provider that operates 325 Hudson, announce their partnership to enable companies expanding or relocating their data center and colocation services an opportunity to leverage premier colocation and connectivity services. Combined, H5 Data Centers’ 325 Hudson data center and DE-CIX New York’s market leading IX offer unsurpassed access to content, cloud, carrier, application, and service provider networks.

“Direct cloud connectivity and fortified Internet capabilities are top requirements for companies sourcing colocation and data center facilities in New York,” comments Josh Simms, owner and CEO of H5 Data Centers. “DE-CIX New York’s local platform at 325 Hudson offers peering, cloud connectivity, private user group connections and more. As businesses seek alternative options in the market, 325 Hudson provides unrivaled access to a local interconnection ecosystem surpassing 250 networks, with a global reach to over 2,400 networks. We welcome the opportunity to showcase our facility and accommodate businesses who need reliable, consistent, and accessible services.”

 

“While we have been present at 325 Hudson since we launched DE-CIX New York over 7.5 years ago, we very much welcome the opportunity to start a new relationship with H5 Data Centers. We look forward to working with H5 Data Centers, and the strength of their national footprint, to take 325 Hudson to the next level,” adds Ed d’Agostino, VP and General Manager of DE-CIX North America.

 

Hudson Square, the area of Manhattan surrounding 325 Hudson, continues to see an influx of major tech companies. Alphabet owns 111 Eighth Avenue and the Chelsea Market, two of the largest buildings in the Hudson Square vicinity, as well as 85 10th Avenue. Most recently, Google announced that it had purchased St. John’s Terminal for $2.1 billion, another large building in the Hudson Square area. In addition, the Hudson Square area is set to be the home of Disney’s new headquarters, a 1.2-million square foot building currently under construction.

 

DE-CIX New York is the fourth largest IX in North America and is the largest carrier and data center neutral IX in the New York/New Jersey market. The Open-IX certified platform can be reached from over 100 access points and features over 250 local network connections, with direct reach to DE-CIX Frankfurt. Overall, over 2,400 networks interconnect at the close to 30 IXs in Europe, the Middle East, and Southeast Asia. A single connection to DE-CIX’s industry-leading multi-service platform offers access to public and private peering, remote peering, and DirectCLOUD connectivity including Microsoft Azure Peering, AWS, Google, and more.

 

DE-CIX North America also operates multi-service interconnection platforms in Chicago, Dallas, and Richmond, with Phoenix set to go live in Q1 2022. DE-CIX’s North American IXs are interconnected, enabling the ability to peer with networks connected to any of DE-CIX IXs in the market. The company’s DE-CIX as a Service solution empowers data center operators to deploy their own IX, particularly attractive for edge markets. By leveraging DE-CIX’s local and global ecosystem, operators can take greater control of their network and improve performance, while lowering costs. To learn more visit: https://www.h5datacenters.com and https://www.de-cix.net.

 

About H5 Data Centers

H5 Data Centers is one of the leading privately-owned data center operators in the United States with over 2 million square feet of data center space under management. The company designs and engineers flexible and scalable data center solutions to address the core infrastructure and edge requirements of its customers. H5 Data Centers operates data centers in 14 U.S. markets. For more information, visit www.h5datacenters.com.

 

About DE-CIX

DE-CIX (German Commercial Internet Exchange) is the world’s leading operator of Internet Exchanges. In total, in its 29 locations in Europe, North America, the Middle East, and Asia, DE-CIX interconnects over 2400 network operators (carriers), Internet service providers (ISPs), content providers, and enterprise networks from more than 100 countries, offering peering, cloud, and interconnection services. The combined connected customer capacity of all DE-CIX locations worldwide exceeds 85 Terabits, making it the largest neutral interconnection ecosystem in the world. DE-CIX in Frankfurt, Germany, with a data throughput of more than 10 Terabits per second (Tbps) and over 1000 connected networks, is the largest Internet Exchange in the world. Further information at www.de-cix.net.

Contacts

Media Contact for DE-CIX North America
Ilissa Miller

VP Market Development

DE-CIX North America

Tel: +1.914.315.6424

Email: ilissa.miller@de-cix.net

Media Contact for H5 Data Centers
Jenna Baker

Director of PR and Marketing

H5 Data Centers

Tel: +1.303.714.7805

Email: jenna.baker@h5datacenters.com

Index near 14-year high as numerous large projects enter planning

 

HAMILTON, N.J. — (BUSINESS WIRE) — The Dodge Momentum Index increased 10% in October to 181.2 (2000=100), from the revised September reading of 164.6. The Momentum Index, issued by Dodge Construction Network, is a monthly measure of the initial report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. In October, commercial planning rose 14% and institutional gained 3%.

The value of nonresidential building projects entering planning has staged a solid recovery this fall. It has lifted the Momentum Index to its highest level in nearly 14 years, following a near-moribund summer of activity. The commercial sector has shown strength, having reached its highest level since the inception of the Index. The October gain in the Momentum Index was driven by increased planning in warehouses, offices, and healthcare structures. Compared to a year earlier, the Momentum Index was 47% higher in October 2021. The commercial planning component was 59% higher, and institutional was 26% higher.

 

A total of 20 projects with a value of $100 million or more entered planning in October. The leading commercial projects were a $450 million Walmart Distribution Center in Lyman, SC, and a $400 million Facebook data center in Los Lunas, NM. The leading institutional projects were the second and third phases of the California Northstate University Medical Center in Sacramento, valued at $500 million for each phase.

 

The dollar value of projects in the planning stage is impressive and portends a healthy rise in nonresidential building construction starts on tap for 2022. However, that expectation must be balanced against rising material costs, shortages of key goods, and a lack of skilled labor that will work to keep growth rates modest next year.

 

About Dodge Construction Network

Dodge Construction Network leverages an unmatched offering of data, analytics, and industry-spanning relationships to generate the most powerful source of information, knowledge, insights, and connections in the commercial construction industry. The company powers four longstanding and trusted industry solutions—Dodge Data & Analytics, The Blue Book Network, Sweets, and IMS—to connect the dots across the entire commercial construction ecosystem. Together, these solutions provide clear and actionable opportunities for both small teams and enterprise firms. Purpose-built to streamline the complicated, Dodge Construction Network ensures that construction professionals have the information they need to build successful businesses and thriving communities. With over a century of industry experience, Dodge Construction Network is the catalyst for modern commercial construction.

Contacts

Cailey Henderson | 104 West Partners | dodge@104west.com

Internationally Recognized Designation Validates Company has Invested in the People, Processes and Technology to Protect its Confidential Data

 

SOMERSET, N.J. — (BUSINESS WIRE) — #Blockchain—1Kosmos, the only company that unifies identity proofing and passwordless authentication, today announced it has received ISO/IEC 27001 certification, which provides independent validation it has the people, processes and technology controls in place to protect the confidentiality, integrity and availability of its data assets.

“Protecting our data and infrastructure from security threats is baked into everything we do,” said Mike Engle, CSO for 1Kosmos. “As a standards-based organization we recognize the importance of ISO/IEC 27001 certification and the confidence it gives our customers that we have implemented the most advanced controls to protect data assets in our possession.”

 

ISO/IEC 27001 is the leading international standard for information security, published by the International Organization for Standardization (ISO) and in partnership with the International Electrotechnical Commission (IEC). 1Kosmos achieved ISO/IEC 27001 certification following an independent assessment by BSI Group that it has met ISO/IEC’s requirements for managing the security of assets such as financial information, intellectual property, employee details and information entrusted by third parties.

 

1Kosmos unifies identity proofing and authentication for employees, customers and citizens to enable passwordless access to sensitive applications, data and resources. The company’s BlockID products are FIDO2 and NIST 800-63-3 certified to perform an instant IAL2 certified identity verification without requiring the individual to be present at a physical location, and store user data encrypted in a private, permissioned blockchain.

 

About 1Kosmos

1Kosmos helps companies unify identity proofing and authentication to provide workers, customers and citizens frictionless onboarding and passwordless access to data and services. The FIDO2 and NIST certified BlockID distributed digital identity platform creates a portable digital wallet for easy access to online services. It virtually eliminates the risk of identity impersonation, account takeover, and transaction fraud by combining strong authentication with strong identity enrollment. BlockID performs millions of authentications daily for some of the largest banks, telecommunications and healthcare organizations in the world. The company is funded by Forgepoint Capital with headquarters in Somerset, New Jersey. For more information, visit www.1kosmos.com and follow us on Twitter and LinkedIn.

Contacts

Media:

Marc Gendron

Marc Gendron PR for 1Kosmos

marc@mgpr.net
617-877-7480

• The free, one-hour, online event will address key topics about 5G infrastructure
• Participants will learn about 5G trends and applications from a seasoned expert
• Attendees can earn 1.0 PDH/0.1 CEU Credits

FLORHAM PARK, N.J. — (BUSINESS WIRE) — As part of its Learning Series Webinar, ASCO Power Technologies announces an October 26 webinar about the 5G infrastructure and its impacts. Sixty minutes in length, the Innovation Talk Webinar – 5G and the Need for Innovative Power System Design is a live webinar that will be FREE to power industry professionals, engineers, facility managers, and technicians. A leading electrical engineer with wide-ranging experience will discuss the evolution and deployment of 5G technologies and what it will mean for today’s power professionals.

 

Reasons to Attend

By participating in the event, attendees will:

• Learn about the evolutions of wireless communication technologies
• Learn how 5G will enable advanced applications that change how people conduct commercial and personal affairs
• Understand the need for reliable critical power for emerging technologies

 

About the Speakers

Bhavesh Patel – Vice President of Marketing, ASCO Power Technologies. Bhavesh began working for ASCO in 1999 and held a leadership role in the Business Development department. Since then, his role expanded to lead ASCO’s Customer Care and Global Marketing groups. Bhavesh has a broad knowledge of critical power issues, and has presented at conferences, published articles, and added to the Body of Industry Knowledge.

 

Bablu Kazi – Senior Electrical Engineer and Project Lead, Morrison Hershfield. Bablu Kazi is an Electrical Project Lead for data center projects at Morrison Hershfield. His involvement in engineering projects includes design development as well as the preparation of schematic design documents, construction drawings, specifications, and cost estimates for mission-critical facilities. He specializes in electrical engineering for switching facilities and is the design lead on switching facility projects for Verizon Wireless, AT&T, and T-Mobile. He holds a BS in Electrical Engineering from Georgia Institute of Technology.

 

Registration Information

The event will be held at 11:00 AM Eastern Daylight Time on October 26, 2021. All interested professionals are encouraged to register now for this free event by visiting www.ascopower.com.

 

About ASCO Power Technologies

ASCO Power Technologies has provided power reliability solutions for more than 125 years. The firm designs, manufactures, services, and supports automatic transfer switches, power control equipment, load banks, and critical power management appliances. ASCO products serve mission-critical functions in data centers, healthcare facilities, telecommunication networks, commercial buildings, and industrial operations. To learn more about any of ASCO’s premium products and services, call (800) 800 ASCO (2726), email CustomerCare@Ascopower.com, or visit www.ascopower.com.

Contacts

Bhavesh Patel

+ 1 973 966 2746

Bhavesh.Patel@ascopower.com

Contribution will further the work of the HOPE Inside network and bring financial literacy coaching and education to Cross River’s Teaneck, NJ and Brooklyn, NY branches

 

Cross River also expands partnership with The Memorial Foundation, sponsoring the Martin Luther King, Jr. Memorial Social Justice Fellowship Program for 50 distinguished Fellows who are leading change in their communities

 

FORT LEE, N.J. — (BUSINESS WIRE) — Cross River Bank (“Cross River”), a technology-driven financial services organization that provides core infrastructure and embedded financial solutions, today announced, as part of its Making Waves with Cross River program, expanded partnerships with both Operation HOPE and The Memorial Foundation in order to bring access to financial resources and increased economic inclusion to communities across the country.

“Our partners at Operation HOPE and The Memorial Foundation have dedicated themselves to empowering individuals and communities to deliver a more inclusive future for all,” said Gilles Gade, Founder, President, and CEO of Cross River. “For Cross River, giving back comes first, and we are grateful for the opportunity to double down on our commitment.”

 

Cross River and Operation HOPE have been partners for more than five years, and now, the two will expand their community-based approach to financial wellness, specifically through HOPE Inside, an award-winning model of community uplift at another location. HOPE Inside brings coaches to bank branches, providing in-person and virtual financial coaching, educational content, and solutions through financial dignity programming to empower individuals with the financial knowledge and tools they need.

 

Throughout the COVID-19 pandemic, Cross River and Operation HOPE partnered to provide resources to individuals and community partners, which included virtual financial literacy courses, small business development workshops, and the joint Entrepreneur Training Program (“ETP”), from which over 100 entrepreneurs have already graduated. Having seen the success of these programs in its Brooklyn, New York branch footprint, Cross River and Operation HOPE are now expanding these programs to Cross River’s Teaneck, New Jersey branch to deliver these life-changing services to more individuals to help them solve every day financial challenges and create a more secure future.

 

“For so many Americans, these are trying times. Through our partnership with Cross River we are providing critical virtual financial literacy and coaching services to help them navigate the economic impacts of COVID-19,” said John Hope Bryant, Founder, Chairman, and Chief Executive Officer of Operation HOPE. “We remain committed to equipping individuals and business owners with sustainable tools that allow them to tackle their unique financial challenges—and ultimately thrive.”

 

Cross River also announced an expanded partnership with The Memorial Foundation to support the Martin Luther King, Jr. Memorial Social Justice Fellowship Program, which unites like-minded emerging leaders from across the nation who share an unwavering commitment to social justice and who have embraced opportunities to advance change through leadership. Fellows possess a strong entrepreneurial spirit with a focus on improving the conditions of underserved communities and are empowered to build an intentional coalition of support with leaders across the nation, explore high impact practices that impart change, and develop an understanding of leadership and advocacy for long-term, sustainable community advancement. Last Wednesday, the Foundation hosted its anniversary gala in Washington titled “Moving the Dream Forward …Forever a Stone of Hope,” celebrating the foundation’s inaugural class of social justice fellows.

 

“As we celebrate our 10th anniversary and the work of Martin Luther King, we are also celebrating the foundation’s inaugural class of social justice fellows, our leaders of the future,” said Harry Johnson Sr., President and CEO of The Memorial Foundation. “Dr. King represented justice, opportunity, and most importantly, change, and we are immensely grateful to our community partners like Cross River for their unwavering support in continuing his mission.”

 

These two initiatives are part of Making Waves with Cross River, a campaign dedicated to small businesses and entrepreneurs. Coming off the success of Cross River’s 2020-2021 Paycheck Protection Program (PPP), the campaign is specifically focused on supporting diverse small businesses and empowering entrepreneurs who are serving their communities and creating jobs. It encompasses a number of initiatives in conjunction with community partners including grant programs, fellowships, events, and small business support.

 

To learn more, and to get involved, please visit www.crossriver.com/making-waves.

 

About Cross River

Cross River is a fast-growing financial services organization that merges the forward-thinking offerings of a technology company with the established expertise and traditional services of a bank. Since its founding in 2008, Cross River has developed strategic partnerships with leading technology companies, marketplace lenders and payment providers, while maintaining a strong focus on regulatory compliance and consumer protection. Cross River provides a highly secure, API-based banking platform and comprehensive suite of products encompassing lending, payments, risk management and Banking-as-a-Service (BaaS) offerings to deliver responsible financial solutions that empower businesses and consumers anytime, anywhere. Cross River Bank is a New Jersey state-chartered FDIC insured bank. For more information, please visit Cross River’s website at www.crossriver.com or Twitter @crossriverbank.

 

About Operation HOPE

Since 1992, Operation HOPE has been moving America from civil rights to “silver rights” with the mission of making free enterprise and capitalism work for the underserved—disrupting poverty for millions of low and moderate-income youth and adults across the nation. Through its community uplift model, HOPE Inside, which received the 2016 Innovator of the Year recognition by American Banker magazine, Operation HOPE has served more than 4 million individuals and directed more than $3.2 billion in economic activity into disenfranchised communities—turning check-cashing customers into banking customers, renters into homeowners, small business dreamers into small business owners, minimum wage workers into living wage consumers, and uncertain disaster victims into financially empowered disaster survivors. For more information: www.OperationHOPE.org. Follow the HOPE conversation on Twitter, Facebook and Instagram.

 

About The Memorial Foundation

Located in Washington, D.C., The Memorial Foundation, Inc. exists to promote awareness of the Martin Luther King, Jr. Memorial and its tenets of democracy, justice, hope, and love. The 501C3 nonprofit organization also supports the general upkeep of the Memorial, which as the 5th most-visited memorial on the National Mall sees more than 3 million visitors per year. Learn more at www.thememorialfoundation.org.

Contacts

Media:

Cross River

Eden Hoffman

Phone: 201-808-7000 x538

ehoffman@crossriver.com