Categories
Sports & Gaming Technology

theScore selects Toronto’s Waterfront Innovation Centre as site for new, expansive headquarters

80,000-Square-Foot Waterfront Location Will House Company’s Rapidly Expanding Workforce

 

TORONTO — (BUSINESS WIRE) — $SCR–Score Media and Gaming Inc. (TSX: SCR; NASDAQ: SCR) (“theScore” or the “Company”) and Menkes Developments Ltd. (“Menkes”) together with partner BentallGreenOak announced today that they have entered into an agreement for theScore to lease an 80,000-square-foot space in the Waterfront Innovation Centre, an office and retail development property in downtown Toronto. The Company will occupy more than 85-percent of The Exchange, one of two buildings that make up the state-of-the-art complex.


theScore, an innovative digital sports media, gaming and technology leader, is headquartered in Toronto with roots in the city that date back to 1997. This new expansive office space will house theScore’s rapidly growing workforce and accommodate its accelerating business operations, including the highly anticipated rollout of online sports betting in Canada.

“As our technology-driven business has grown across North America so too has theScore family, particularly in product development and engineering, with new team members joining every week. We are committed to supporting our strong Toronto roots, continuing to grow our operations and workforce, and are thrilled to do so in a new, state-of-the-art waterfront office space,” said theScore Chairman and CEO, John Levy. “Moving into this newly constructed building affords us the opportunity to design our ideal work environment and provides ample space for our rapidly expanding team. The Waterfront is fast becoming a hub for some of Ontario’s most innovative and forward-thinking companies, and we are excited that it will be our home for many years to come.”

“Ontario’s deep talent pool, cutting edge innovation ecosystem, and competitive business costs make our province an ideal place for businesses to invest and grow,” said Ontario Minister of Economic Development, Job Creation, and Trade, Vic Fedeli. “Leaders in Ontario’s tech and entertainment sector like theScore will be at the forefront of our economic growth and recovery as we proceed out of the pandemic. We congratulate theScore on their expansion in Toronto and for their continued support of homegrown tech talent.”

“The decision made by theScore to lease space at Toronto’s Waterfront Innovation Centre is not only a testament to the continued growth of our technology and innovation sector, but it will act as another confidence boost as we move forward in our pandemic recovery. Toronto has long been a city where businesses have chosen to come set up shop or expand their operations, and the decision by theScore will help further amplify that Toronto story that we are a city that welcomes businesses, new ideas, innovation and much more,” said Mayor John Tory. “I want to thank theScore and Menkes for this partnership and for choosing to expand their team here – all of which will help increase economic growth and create new opportunities for our city and its residents.”

“This is an exciting partnership for us and we are proud to bring a like minded company into our unique space,” said Menkes Developments President, Commercial/Industrial, Peter Menkes. “With theScore looking to expand and grow their business in Canada, we believe the Waterfront Innovation Centre will set them up for success through an environment that fosters collaboration by providing superior technology and amenities.”

The building’s design will allow theScore to create an open and collaborative office environment tailored to its business. In particular, theScore will benefit from the Waterfront’s ultra-high-speed broadband fibre-optic network, which will deliver internet connection speeds faster than the North American average, as well as sophisticated audio-visual and video conferencing tools.

On August 5, 2021, it was announced that Penn National Gaming, Inc. (“Penn National”) had entered into an agreement to acquire theScore in a deal that brings together two industry leaders to create North America’s leading digital sports media, gaming and technology company. Pursuant to the agreement, Penn National intends to operate theScore as a stand-alone business, led by the Levy Family, with the Company remaining headquartered in Toronto. Penn National was attracted to theScore, in part, for its ready access to a deep pool of Canadian engineering and technology expertise. Penn National expects to leverage Canada’s world class technology talent pool to expand theScore’s engineering and production workforce based in Toronto as the business scales.

Designed by Toronto’s Sweeny & Co Architects Inc., the 475,000-square-foot Waterfront Innovation Centre is comprised of two buildings, with three distinct but interconnected components: The Exchange, The Hive, and The Nexus, a space that will serve as a public square and directly connect the two buildings. The complex offers state-of-the-art amenities, including high-speed broadband networking (fueled in part by self-generating solar power), floor-to-ceiling windows and expansive collaboration spaces. The Waterfront Innovation Centre, co-owned by Menkes and BentallGreenOak, on behalf of Sun Life Assurance Company of Canada, was developed in partnership with Waterfront Toronto, neighbours Sugar Beach on Toronto’s eastern waterfront. The building’s office space is now approximately 91% pre-leased.

About Score Media and Gaming

Score Media and Gaming Inc. empowers millions of sports fans through its digital media and sports betting products. Its media app ‘theScore’ is one of the most popular in North America, delivering fans highly personalized live scores, News stats, and betting information from their favorite teams, leagues, and players. The Company’s sports betting app ‘theScore Bet’ delivers an immersive and holistic mobile sports betting experience and is currently available to place wagers in New Jersey, Colorado, Indiana and Iowa. Publicly traded on the Toronto Stock Exchange (TSX: SCR) and the Nasdaq Global Select Market (NASDAQ:SCR), theScore also creates and distributes innovative digital content through its web, social and esports platforms.

About Menkes

Menkes Developments Ltd. is an award-winning, fully integrated real estate company involved in the construction, ownership and management of office, industrial, retail and residential properties. Founded in 1954, the company is one of the largest private developers in Canada, with a primary focus in the Greater Toronto Area. Menkes is known for its innovative, multi-disciplinary approach and particularly for its expertise in large-scale, mixed-use development. Past projects include the Empress Walk entertainment, shopping and residential complex in North York City Centre, and two landmark projects in Toronto’s South Core district, 25 York (TELUS Harbour) office tower and the two million square foot One York commercial retail complex.

Forward Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws.

These statements can be identified by the use of forward-looking terminology such as “expects,” “believes,” “estimates,” “projects,” “intends,” “plans,” “goal,” “seeks,” “may,” “will,” “should,” or “anticipates” or the negative or other variations of these or similar words, or by discussions of future events, strategies or risks and uncertainties. Specifically, forward-looking statements include, but are not limited to, statements regarding Penn National’s acquisition of theScore, Penn National’s digital strategy, and the potential benefits of the acquisition of theScore, including benefits for Penn National’s digital betting and content platform through the integration of theScore. Such statements are all subject to risks, uncertainties and changes in circumstances that could significantly affect the Company’s future financial results and business. Accordingly, the Company cautions that the forward-looking statements contained herein are qualified by important factors that could cause actual results to differ materially from those reflected by such statements. Such factors include, but are not limited to: (a) the magnitude and duration of the impact of the COVID-19 pandemic on general economic conditions, capital markets, unemployment, consumer spending and the Company’s liquidity, financial condition, supply chain, operations and personnel; (b) the closing of the acquisition of the Company may be delayed or may not occur at all, for reasons beyond our control; (c) the requirement to satisfy the closing conditions in the agreement with Penn National, including receipt of regulatory approvals and the approval of shareholders of theScore; (d) potential adverse reactions or changes to business or regulatory relationships resulting from the announcement or completion of the acquisition; (e) the ability of Penn National or theScore to retain and hire key personnel; (f) the occurrence of any event, change or other circumstances that could give rise to the right of one or both of Penn National and theScore to terminate the agreement between the companies; and (g) other factors as discussed in theScore’s Annual Information Form as filed with applicable securities regulatory authorities in Canada and as filed with the U.S. Securities and Exchange Commission, and elsewhere in documents that theScore files from time to time with such securities regulatory authorities in Canada and with the U.S. Securities and Exchange Commission, including its Management’s Discussion & Analysis and Management Information Circular. The Company does not intend to update publicly any forward-looking statements except as required by law. In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this press release may not occur.

Contacts

Dan Sabreen

Director, Communications

Score Media and Gaming Inc,

Tel: 917-722-388 ext. 706

E: dan.sabreen@thescore.com

Jamie Okorofsky

Manager, Communications

Menkes Developments Ltd.

Tel: 647-252-1952

E: jamie.okorofsky@menkes.com

Categories
Business Technology

Castor leads next-gen clinical trials that support digital therapeutics

– Castor is supporting the next generation of digital therapeutics that can improve patient lives with disease-modifying potential

– Castor has worked with more than 30 DTx companies

 

HOBOKEN, N.J. — (BUSINESS WIRE) — #DTxCastor, a leading provider of clinical trial technology to democratize clinical research, announced that it is powering the next generation of clinical trials with more than 30 digital therapeutics (DTx) studies ongoing. A new class of therapeutics is rapidly advancing medicine: digital therapeutics or “DTx”. These digital treatments have disease-modifying properties that are effective for a wide range of debilitating and deadly diseases.

 

Castor is supporting this fast-growing segment in clinical trials, as DTx is expected to have continued exponential growth with a CAGR of 30%, according to a recent industry report. Castor helps DTx companies overcome many of the unique challenges they face in clinical trials, from recruitment, screening, and informed consent to data capture – while integrating sensor and app data seamlessly through an open API.

 

MedRhythms, a digital therapeutics company based in Portland, Maine, uses sensors, music, and software to build evidence-based, neurologic interventions to measure and improve walking. Intended to be a rehabilitative device for walking improvement, MedRhythms’ first product intends to serve chronic stroke patients with walking difficulties, and seeks to improve the speed and quality of walking. MedRhythms selected Castor as their Clinical Data Platform, citing Castor’s transparency with cost predictions, user-friendliness, and the ability to try a full version of Castor before buying.

 

“Castor’s solutions were easy to navigate and intuitive to use, which is why we were interested in working with them,” said MedRhythms CEO & Founder, Brian Harris. “They were able to accommodate the amount of data from our multi-site randomized controlled trial, and our sites have expressed how much they have enjoyed using Castor as well.”

 

For MedRhythms, even monitoring, often one of the most cumbersome trial activities, turned into a seamless process since sites quickly grasped Castor’s user interface. With Castor, study teams found it easy to log in, add a participant and randomize with Castor’s built-in randomization tool.

 

“Castor is powering the future of medicine, a new category of prescription digital therapeutics at the forefront of revolutionizing healthcare,” said Derk Arts, Ph.D., M.D., CEO & Founder, Castor. “Healthcare is slowly moving away from traditional therapies or a physical medical device, and instead adopting software as a medical device (SaMD). This shift changes everything about how we need to approach a novel clinical study in digital therapeutics. We look forward to powering additional studies with Castor’s DCT and Hybrid Trial platform to advance the field of digital medicine.”

 

Register for DTx East on September 28th to hear how Castor is “Reshaping the Future of Clinical Trials for Digital Therapeutics.”

 

About Castor

Castor is a leading provider of decentralized and hybrid clinical trial solutions to democratize research. With the highest rated eClinical platform for decentralized and hybrid clinical trials, Castor’s plug and play platform offers rapid deployment at scale, enabling researchers to create a trial in a matter of clicks, with easy enrollment, consent and real-world data capture. Castor is bringing human-centered design to the clinical trial process, from recruitment to analysis, and improving the quality, security and reusability of data for researchers worldwide. For more information, visit www.castoredc.com. Follow us on Twitter at @castor.

Contacts

Media

Kimberly Ha

KKH Advisors

kimberly.ha@kkhadvisors.com

Categories
Business Technology

Best’s Insurance Law Podcast discusses how the 5G rollout could affect insurance claims

OLDWICK, N.J. — (BUSINESS WIRE) — AM Best and Best’s Insurance Professional Resources have released the latest installment of the Best’s Insurance Law Podcast series, which examines timely insurance issues from a legal perspective.

This episode looks at potential claims related to radio frequency radiation from cell phones and towers as 5G is rolled out, including preventative steps being taken and issues that may concern claims and risk managers.

The podcast features Attorney Michael Watza of the law firm Kitch Drutchas Wagner Valitutti & Sherbrook. Mr. Watza heads the governmental litigation and affairs department of the firm. His areas of expertise include litigated, legislative and administrative solutions on behalf of municipal, non-profit and private sector clients in the fields of telecommunications, energy, complex litigation and legislative consulting.

Kitch Drutchas Wagner Valitutti & Sherbrook is a qualified member of Best’s Insurance Professional Resources, an insurance industry resource that has featured qualified legal counsel, independent insurance adjusting services and expert service providers since 1929.

Listen or subscribe to the Insurance Law Podcast.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2021 by A.M. Best Company, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Contacts

Christopher Sharkey
Manager, Public Relations
+1 908 439 2200, ext. 5159
christopher.sharkey@ambest.com

Jim Peavy
Director, Communications
+1 908 439 2200, ext. 5644
james.peavy@ambest.com

Categories
Education Technology

Barnes & Noble Education announces fiscal 2022 first quarter earnings release date and conference call webcast

BASKING RIDGE, N.J. — (BUSINESS WIRE) — Barnes & Noble Education, Inc. (NYSE: BNED) today announced the Company expects to report fiscal 2022 first quarter earnings results on Thursday, September 2, 2021, before the market opens. The Company will host an investor conference call at 8:30 a.m. Eastern Time on Thursday, September 2, 2021 to review the Company’s financial results and operations.

This call is being webcast and can be accessed at Barnes & Noble Education’s corporate website at www.bned.com. The webcast of this call will be archived and available for three months on Barnes & Noble Education’s corporate website.

 

ABOUT BARNES & NOBLE EDUCATION, INC.

 

Barnes & Noble Education, Inc. (NYSE: BNED) is a leading solutions provider for the education industry, driving affordability, access and achievement at hundreds of academic institutions nationwide and ensuring millions of students are equipped for success in the classroom and beyond. Through its family of brands, BNED offers campus retail services and academic solutions, a digital direct-to-student learning ecosystem, unparalleled best-in-class assortment of school apparel through a strategic alliance with Fanatics and Lids, wholesale capabilities and more. BNED is a company serving all who work to elevate their lives through education, supporting students, faculty and institutions as they make tomorrow a better, more inclusive and smarter world. For more information, visit www.bned.com.

Contacts

Media:
Carolyn J. Brown

Senior Vice President

Corporate Communications and Public Affairs

Barnes & Noble Education, Inc.

(908) 991-2967

cbrown@bned.com

Investors:
Andy Milevoj

Vice President

Corporate Finance and Investor Relations

Barnes & Noble Education, Inc.

(908) 991-2776

amilevoj@bned.com

Categories
Business Technology

Cargill partners with vertical farming leader, AeroFarms, in first-of-its-kind research focused on cocoa production

Multi-year collaboration to use fully controlled environments to unlock plant biology, understand climate impacts and explore novel production practices

 

MINNEAPOLIS & NEWARK, N.J. — (BUSINESS WIRE) — As part of ongoing efforts to build a more resilient and sustainable cocoa sector, Cargill has entered a multi-year research agreement with vertical farming pioneer and leader AeroFarms aimed at improving cocoa bean yields and developing more climate-resilient farming practices.


“Environmental challenges and growing demand for cocoa products are placing increased pressure on the global cocoa supply chain,” said Niels Boetje, managing director Cargill Cocoa Europe. “Through partnerships with research institutes, universities and innovative companies like AeroFarms, we are collaborating across sectors in bold experiments to bring greater productivity and resiliency to traditional cocoa farming operations. We look forward to sharing our findings with the farmer cooperatives in our cocoa supply chain to help ensure a thriving cocoa sector for generations to come.”

 

This latest research collaboration brings together AeroFarms’ expertise in controlled environment agriculture, with Cargill’s extensive knowledge of cocoa agronomy and production practices. Together, the two organizations will experiment with different indoor growing technologies including aeroponics and hydroponics, light, carbon dioxide, irrigation, nutrition, plant space and pruning to identify the optimal conditions for cocoa tree growth.

 

These findings will yield new insights, targeting factors such as faster tree growth and greater yields, accelerated development of varieties with enhanced pest and disease resistance, and unlocking the cocoa bean’s full flavor and color potential. These outcomes will help secure the future supply of cocoa beans in the face of climate change.

 

“AeroFarms shares a similar vision as Cargill to nourish the world in a safe, responsible and sustainable way,” said David Rosenberg, Co-Founder & CEO of AeroFarms. “We have grown over 550 different crops, and we are excited to be working on another project with them, this time focused on cocoa. At AeroFarms we think of our proprietary technology as a platform to optimize plant biology, genetics, mechanical systems, operational systems, environmental systems and digital controls, data capture and analytics. Genetics and speed breeding is one of the verticals where we focus. Applying our platform to optimize cocoa growing is one way that AeroFarms can have a broader positive impact on the world.”

 

Initial exploratory work has already begun at AeroFarms global headquarters in Newark, New Jersey, and will soon expand to the company’s state-of-the-art AeroFarms AgX Research & Development indoor vertical farm in Abu Dhabi, UAE, which is slated to open in early 2022.

 

About Cargill

Cargill’s 155,000 employees across 70 countries work relentlessly to achieve our purpose of nourishing the world in a safe, responsible and sustainable way. Every day, we connect farmers with markets, customers with ingredients, and people and animals with the food they need to thrive.

 

We combine 155 years of experience with new technologies and insights to serve as a trusted partner for food, agriculture, financial and industrial customers in more than 125 countries. Side-by-side, we are building a stronger, sustainable future for agriculture. For more information, visit Cargill.com and our News Center.

 

About Cargill’s global cocoa and chocolate business

Cargill Cocoa & Chocolate provides high quality cocoa and chocolate more sustainably throughout the world and brings our customers peace of mind, integrity and excitement. With balanced efforts on security of supply, sustainability projects and sensory expertise, we create a wide range of outstanding standardized and custom-made products and services. In addition, we provide our customers with extensive market knowledge. We grow a robust, fair and transparent supply chain, from bean to bar, eager to continuously shape industry standards. To ensure a more sustainable supply of quality cocoa beans, Cargill established our own sourcing and trading operations at origin in Brazil, Cameroon, Côte d’Ivoire, Ghana and Indonesia. Our Cargill Cocoa Promise underlines our commitment to enable farmers and their communities achieve better incomes and living standards. Our team of 4,100 passionate cocoa and chocolate experts work across 57 locations and are part of Cargill’s 155,000 colleagues around the world. For more information, visit cargillcocoachocolate.com.

 

About AeroFarms

Since 2004, AeroFarms has been leading the way for indoor vertical farming and championing transformational innovation for agriculture. On a mission to grow the best plants possible for the betterment of humanity, AeroFarms is a Certified B Corporation with global headquarters in Newark, New Jersey. Named one of the World’s Most Innovative Companies by Fast Company two years in a row and one of TIME’s Best Inventions in Food, AeroFarms patented, award-winning indoor vertical farming technology provides the perfect conditions for healthy plants to thrive, taking agriculture to a new level of precision, food safety, and productivity while using up to 95% less water and no pesticides ever versus traditional field farming. AeroFarms enables local production to safely grow all year round, using vertical farming for elevated flavor. In addition, through its proprietary growing technology platform, AeroFarms has grown over 550 varieties and has developed multi-year strategic partnerships ranging from government to major Fortune 500 companies to help uniquely solve agriculture supply chain needs. For additional information, visit: https://aerofarms.com/.

 

On March 26, 2021, AeroFarms announced a definitive business combination agreement with Spring Valley Acquisition Corp. (Nasdaq: SV). Upon the closing of the business combination, AeroFarms will become publicly traded on Nasdaq under the new ticker symbol “ARFM”. Additional information about the transaction can be viewed here: https://aerofarms.com/investors/

 

No Offer or Solicitation

This press release does not constitute an offer to sell or a solicitation of an offer to buy, or the solicitation of any vote or approval in any jurisdiction in connection with a proposed potential business combination among Spring Valley and AeroFarms or any related transactions, nor shall there be any sale, issuance or transfer of securities in any jurisdiction where, or to any person to whom, such offer, solicitation or sale may be unlawful. Any offering of securities or solicitation of votes regarding the proposed transaction will be made only by means of a proxy statement/prospectus that complies with applicable rules and regulations promulgated under the Securities Act of 1933, as amended (the “Securities Act”), and Securities Exchange Act of 1934, as amended, or pursuant to an exemption from the Securities Act or in a transaction not subject to the registration requirements of the Securities Act.

 

Forward Looking Statements

Certain statements included in this press release that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “might,” “will,” “estimate,” “continue,” “contemplate,” “anticipate,” “intend,” “expect,” “should,” “would,” “could,” “plan,” “predict,” “project,” “potential,” “seem,” “seek,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. All statements, other than statements of present or historical fact included in this press release, including those regarding Spring Valley’s proposed acquisition of AeroFarms and the Special Meeting are forward-looking statements. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of the respective management of AeroFarms and Spring Valley and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on as, a guarantee, an assurance, a prediction, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of AeroFarms and Spring Valley. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political, and legal conditions; the inability of the parties to successfully or timely consummate the proposed transaction, including the risk that any regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the proposed transaction or that the approval of the stockholders of Spring Valley or AeroFarms is not obtained; failure to realize the anticipated benefits of the proposed transaction; risks related to the expansion of AeroFarms’ business and the timing of expected business milestones; the effects of competition on AeroFarms’ business; the ability of Spring Valley or AeroFarms to issue equity or equity-linked securities or obtain debt financing in connection with the proposed transaction or in the future, and those factors discussed in Spring Valley’s Annual Report on Form 10-K, Quarterly Report on Form 10-Q, final prospectus dated November 25, 2020 and definitive proxy statement/prospectus dated July 26, 2021 under the heading “Risk Factors,” and other documents Spring Valley has filed, or will file, with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither Spring Valley nor AeroFarms presently know, or that Spring Valley nor AeroFarms currently believe are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Spring Valley’s and AeroFarms’ expectations, plans, or forecasts of future events and views as of the date of this press release. Spring Valley and AeroFarms anticipate that subsequent events and developments will cause Spring Valley’s and AeroFarms’ assessments to change. However, while Spring Valley and AeroFarms may elect to update these forward-looking statements at some point in the future, Spring Valley and AeroFarms specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing Spring Valley’s and AeroFarms’ assessments of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.

Contacts

Media Contacts:
Kelly Sheehan, kelly_sheehan@cargill.com, 952-742-4204

Marc Oshima, marcoshima@aerofarms.com, 1-917-673-4602

AeroFarms Investor Relations Contact:
Jeff Sonnek, Jeff.Sonnek@icrinc.com, 1-646-277-1263

Categories
Business Technology

SHI Elevates Azure Expert MSP status, meeting stricter levels of criteria in recent progress audit

SOMERSET, N.J. — (BUSINESS WIRE) — SHI International, one of the world’s largest technology solutions providers, reaffirmed its Azure Expert MSP status in a rigorous third-party progress audit. After being recognized by Microsoft with the Azure Expert credential in 2020, this recent progress audit raised by bar by introducing new levels of criteria that needed to be met in order for SHI to maintain its Azure expertise.

To be acknowledged with the Azure Expert MSP status, Microsoft partners need to meet a set of strict requirements to confirm that they have the talent, technology, and services to guide customers in their cloud journey. This year, new criteria has been introduced, including maturity of practice and development of a Cloud Center of Excellence (CCoE), use of cutting-edge technology, and alignment to Microsoft methodology.

 

“With digital transformation and pressure for businesses to accelerate moving to the cloud, we’ve transcended our tools and processes to ensure every customer has a seamless transition,” said Cory Peters, AVP – Cloud & MSP – Advanced Solutions Group at SHI. “Our technical acumen, operational excellence, and evolution of our capabilities puts us in a unique position to be able to deliver solutions and services across complex environments for our customers.”

 

SHI offers multiple options for supporting or managing organizations’ Azure infrastructure. Services include a planning assessment, cost comparison, cloud adoption, and various options for organizations pursuing hybrid cloud, a data center lift and shift, and cloud backup and disaster recovery in the Azure cloud.

 

“This certification is an important milestone that confirms SHI’s technical knowledge, cloud skills and commitment to the Microsoft Azure platform,” said Thai Lee, President and CEO of SHI International. “It also demonstrates proven customer success and recognizes our direct engagement to Microsoft Support and Engineering groups.”

 

SHI’s professional support services deliver cloud architect expertise to organizations in need of technical support for design or issue resolution. The service includes a designated technical account manager for Azure customers and annual cloud architecture reviews to ensure best practices are in place.

 

For organizations looking for additional support, SHI’s Azure managed services can handle backups, monitoring, and day-to-day management of a customer’s environment. The service includes professional support as well as best practice configuration of Azure services, patch management, and deployment of new infrastructure.

 

Learn more about SHI’s Azure services.

 

ABOUT SHI

SHI International Corp. is a transformational technology solutions provider serving the needs of more than 15,000 corporate, enterprise, public sector and academic customer organizations around the world. It helps companies achieve business goals through the use of technologies ranging from software licensing and end user computing devices to innovative cloud and edge solutions. With over 5,000 employees worldwide, SHI is the largest Minority and Woman Owned Business Enterprise (MWBE) in the U.S.

 

Press Resources:

SHI Corporate Website: http://www.SHI.com
SHI Blog: http://blog.SHI.com
SHI Twitter Handle: @SHI_Intl

Contacts

For SHI International

Gregory FCA

Matt McLoughlin

610-228-2123

Categories
Business Science Technology

AeroFarms and Nokia unveil partnership for next generation AI-enabled plant vision technology

  •  Ground-breaking technology partnership will significantly improve plant yields and quality in AeroFarms’ vertical farms through analytics, AI, drones and wireless networking.

 

NEWARK, N.J.–(BUSINESS WIRE)–AeroFarms and Nokia Bell Labs today unveiled a groundbreaking multi-year partnership to combine their expertise and expand their joint capabilities in cutting-edge networking, autonomous systems, and integrated machine vision and machine learning technologies to identify and track plant interactions at the most advanced levels.


As part of this partnership, AeroFarms, a Certified B Corporation and global leader in indoor vertical farming, contributes its commercial growing expertise, comprehensive environmental controls, an agriculture-focused data platform, and machine vision core foundation. Nokia Bell Labs, the world-renowned industrial research arm of Nokia, contributes its groundbreaking autonomous drone control and orchestration systems, private wireless networks, robust image and sensor data pipelines, and innovative artificial intelligence (AI) enabled mobile sensor technologies. This combination of innovative technologies allows AeroFarms to reach the next level of imaging insights that further enhance its capabilities as an industry leading operator of world-class, fully-connected smart vertical farms that grow the highest quality plants all year round.

 

AeroFarms and Nokia Bell Labs have been working together since 2020 and have reached an important milestone of achieving a proof of concept for this state-of-the-art integrated system and testing the technologies with AeroFarms’ current commercial crop varieties. Together, they are now ready to scale this system to all of AeroFarms’ crops and future indoor vertical farms, including the next ones in Danville, Virginia and Abu Dhabi, UAE.

 

The integration of Nokia Bell Labs’ AI-enabled drone-based sensors and advanced machine learning, computer vision and data analytics technologies with AeroFarms’ existing machine vision tools enhances and elevates AeroFarms’ position as an agriculture platform and capabilities organization dedicated to solving food and agriculture supply chain challenges.

 

David Rosenberg, CEO at AeroFarms, said: “With Nokia Bell Labs, we have developed the next-generation system that can image every plant every day in a cost-effective way at scale. This level of detailed imaging and insights helps us be better farmers by monitoring our plant biology dynamically and allowing us to course correct as needed to ensure the highest level of quality all year round. When I watch the drones autonomously imaging our plants, I am blown away by how this truly represents the power of harnessing leading-edge technologies and bringing brilliant problem solvers together from diverse groups to grow the best plants possible.”

 

Roger Buelow, CTO at AeroFarms, said: “AeroFarms’ expert team of plant scientists and engineers have been working together for two years with Nokia Bell Labs’ top researchers and engineers to train these complex learning systems with a nuanced understanding of plant biology. We have created a cross-disciplinary understanding at an industrial scale to develop the latest imaging technology to help accelerate our ability to introduce new crops and ensure the highest quality for our commercial operations.”

 

Nokia Bell Labs’ machine vision technology has enabled the most precise data capture yet, down to the level of individual plants, using leaf size segmentation, quantification, and pixel-based scanning to identify consistency and variation. Going beyond what even the human eye can perceive, this state-of-the art imaging technology enables the gathering of immense insights about a plant including its leaf size, stem length, coloration, curvature, spotting, and tearing. The end-to-end system is flexible and robust, built to take advantage of Nokia’s industry-leading 5G private wireless network with cloud processing technology, designed for low latency and high privacy in an on-premises network. It also provides intelligent industrial analytics capabilities as an integrated service that can be deployed quickly and efficiently anywhere.

 

Thierry Klein, VP, Integrated Solutions and Experiences Research Lab at Nokia, said: “Nokia Bell Labs is driven to solve hard and impactful problems, and together with AeroFarms, we are building the ability to see and identify plant interactions at unprecedented levels. The fundamental technologies of this partnership are our strength, and vertical farming is just the beginning. With the AeroFarms platform, we are exploring the power of network driven intelligence for industrial outcomes. These capabilities can expand into a multitude of indoor industrial operations, including logistics, warehousing, distribution hubs, and manufacturing.”

 

The multi-year partnership between AeroFarms and Nokia is anchored on shared values as mission-driven companies with the vision to scale technologies for the greater good. AeroFarms’ vertical farming platform is more sustainable than traditional farming with up to 390 times greater productivity per square foot annually, while using up to 95% less water and zero pesticides. In addition, vertical farming provides local food options for communities, reducing the environmental impact of trucking and shipping produce long distances and helping combat food waste.

 

Additional resources

AeroFarms website
Nokia Bell Labs website

 

About Nokia

At Nokia, we create technology that helps the world act together. As a trusted partner for critical networks, we are committed to innovation and technology leadership across mobile, fixed and cloud networks. We create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs. Adhering to the highest standards of integrity and security, we help build the capabilities needed for a more productive, sustainable and inclusive world.

 

About AeroFarms

Since 2004, AeroFarms has been leading the way for indoor vertical farming and championing transformational innovation for agriculture. On a mission to grow the best plants possible for the betterment of humanity, AeroFarms is a Certified B Corporation with global headquarters in Newark, New Jersey. Named one of the World’s Most Innovative Companies by Fast Company two years in a row and one of TIME’s Best Inventions in Food, AeroFarms patented, award-winning indoor vertical farming technology provides the perfect conditions for healthy plants to thrive, taking agriculture to a new level of precision, food safety, and productivity while using up to 95% less water and no pesticides ever versus traditional field farming. AeroFarms enables local production to safely grow all year round, using vertical farming for elevated flavor. In addition, through its proprietary growing technology platform, AeroFarms has grown over 550 varieties and has developed multi-year strategic partnerships ranging from government to major Fortune 500 companies to help uniquely solve agriculture supply chain needs. For additional information, visit: https://aerofarms.com/.

 

On March 26, 2021, AeroFarms announced a definitive business combination agreement with Spring Valley Acquisition Corp. (Nasdaq: SV). Upon the closing of the business combination, AeroFarms will become publicly traded on Nasdaq under the new ticker symbol “ARFM”. Additional information about the transaction can be viewed here: https://aerofarms.com/investors/.

 

No Offer or Solicitation

This press release does not constitute an offer to sell or a solicitation of an offer to buy, or the solicitation of any vote or approval in any jurisdiction in connection with a proposed potential business combination among Spring Valley and AeroFarms or any related transactions, nor shall there be any sale, issuance or transfer of securities in any jurisdiction where, or to any person to whom, such offer, solicitation or sale may be unlawful. Any offering of securities or solicitation of votes regarding the proposed transaction will be made only by means of a proxy statement/prospectus that complies with applicable rules and regulations promulgated under the Securities Act of 1933, as amended (the “Securities Act”), and Securities Exchange Act of 1934, as amended, or pursuant to an exemption from the Securities Act or in a transaction not subject to the registration requirements of the Securities Act.

 

Forward Looking Statements

Certain statements included in this press release that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “might,” “will,” “estimate,” “continue,” “contemplate,” “anticipate,” “intend,” “expect,” “should,” “would,” “could,” “plan,” “predict,” “project,” “potential,” “seem,” “seek,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. All statements, other than statements of present or historical fact included in this press release, including those regarding the expected benefits of the partnership, improvement of plant yields and quality and Spring Valley’s proposed acquisition of AeroFarms are forward-looking statements. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of the respective management of AeroFarms and Spring Valley and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on as, a guarantee, an assurance, a prediction, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of AeroFarms and Spring Valley. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political, and legal conditions; the inability of the parties to successfully or timely consummate the proposed transaction, including the risk that any regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the proposed transaction or that the approval of the stockholders of Spring Valley or AeroFarms is not obtained; failure to realize the anticipated benefits of the proposed transaction; risks related to the expansion of AeroFarms’ business and the timing of expected business milestones; the effects of competition on AeroFarms’ business; the ability of Spring Valley or AeroFarms to issue equity or equity-linked securities or obtain debt financing in connection with the proposed transaction or in the future, and those factors discussed in Spring Valley’s Annual Report on Form 10-K, Quarterly Report on Form 10-Q, final prospectus dated November 25, 2020 and definitive proxy statement/prospectus dated July 26, 2021 under the heading “Risk Factors,” and other documents Spring Valley has filed, or will file, with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither Spring Valley nor AeroFarms presently know, or that Spring Valley nor AeroFarms currently believe are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Spring Valley’s and AeroFarms’ expectations, plans, or forecasts of future events and views as of the date of this press release. Spring Valley and AeroFarms anticipate that subsequent events and developments will cause Spring Valley’s and AeroFarms’ assessments to change. However, while Spring Valley and AeroFarms may elect to update these forward-looking statements at some point in the future, Spring Valley and AeroFarms specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing Spring Valley’s and AeroFarms’ assessments of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.

Contacts

AeroFarms Contacts
Investor Relations:

Jeff Sonnek

ICR

Jeff.Sonnek@icrinc.com
1-646-277-1263

Media Relations:

Marc Oshima
AeroFarms

MarcOshima@AeroFarms.com
1-917-673-4602

Categories
Healthcare Technology

Wellsheet granted patent to make electronic health records user-friendly

Intuitive and Predictive Workflow App for EHR:

  • Reduces time spent in the EHR, which reduces physician burnout
  • Reduces training time and improves productivity
  • Increases clinician satisfaction by an order of magnitude

 

NEWARK, N.J. — (BUSINESS WIRE) — #CHIOWellsheet Inc., the company transforming the physician experience with Electronic Health Records (EHRs), has been awarded a patent for a system that is able to anticipate what clinical content is most relevant for a particular clinician treating a particular patient and present it in a format that is intuitive and tailored to that clinician’s preferences.


“This patent is a substantial step forward for the industry tackling the most pressing interoperability issues in healthcare and is making the EHR physician-friendly. What the industry has learned in decades of interoperability efforts is that as data becomes more fluid, the burden on clinicians to review that data increases, and the barrier to ensuring clinicians can easily access patients’ full medical history is often the sheer volume of data that they have to sort through,” said John Glaser, Wellsheet Board Director and former CIO of Partners Healthcare, CEO of Siemens Health Services and Executive Senior Advisor at Cerner. “Reducing physician burnout, by improving the EHR experience, is critical to the quality of healthcare delivered today and Wellsheet is leading the way.”

 

“The Wellsheet algorithms ensure that the most important clinical data is highlighted for physicians, substantially relieving the data burden. Over time, Wellsheet learns more about the clinician’s preferences, expediting clinical workflow, and improving productivity, efficiency and physician satisfaction,” said Craig Limoli, Wellsheet CEO and Founder. “We recognized the leading EHRs fail to meet clinicians’ workflow needs – Wellsheet was built to complement them with a user-friendly physician experience to enable a simplified, powerful EHR workflow.

 

With this patent, Wellsheet’s EHR-agnostic, predictive clinical workflow system can pull data from the EHR chart and prioritize clinical content through specialized machine learning algorithms. It assembles the most relevant information in an intuitive workflow that allows

providers to quickly arrive at the right clinical insights. This layer on top of an EHR gives clinicians the ability to understand what needs to be done in real-time without compromising the provider-patient interaction. Physicians have reported:

 

  • 86% High satisfaction – 86% of physicians are highly satisfied per KLAS research
  • 57 Net Promoter Score (NPS) vs 3 for a leading EHR
  • 40% Reduction in time in the EHR- correlate with reduction in physician burnout
  • Physician-friendly/intuitive interface – predicts and learns content most relevant to a specific clinician treating a specific patient
  • Training in under 30 minutes improves productivity
  • Deployment time reduced from months to weeks with fully API-based integration model
  • Reduces IT costs – fully cloud-based and web-delivered architecture, new features and updates are deployed with no system downtime or analyst effort

 

Wellsheet uses the Fast Healthcare Interoperability Resources (FHIR) application programming interfaces (APIs), and can pull and prioritize key patient data from multiple data sources, including both EHR and payer systems, with an accelerated implementation and deployment timeline. This is especially helpful for clinicians working across various sites of service in the same facility, or across different EHRs between facilities and different health systems.

 

Learn More:

 

About Wellsheet

Wellsheet’s patented cloud-based, predictive clinical workflow platform works within an existing EHR to surface the most relevant content for physicians in a view that is intuitive and prioritized for their needs. It is integrated with both Epic and Cerner to reduce a physician’s time in the EHR, lessening physician burnout and improving the quality of patient care. Wellsheet is deployed enterprise-wide at large healthcare providers, and the company has partnered or engaged with payers and large government agencies. Learn more at www.wellsheet.com.

Contacts

Wellsheet Press Contact:

Mari Mineta Clapp

mari@wellsheet.com
(408) 398-6433

@MariMinetaClapp

@Wellsheet_Inc

Categories
Business Technology

Semperis launches active directory security Halftime Report to spotlight gaps in securing hybrid identity systems  

New resource provides timely index of escalating cybercriminal tactics, practical resources for cybersecurity skill-building, and latest Active Directory and Azure Active Directory vulnerabilities

 

HOBOKEN, N.J. — (BUSINESS WIRE) — #ActiveDirectorySemperis, the pioneer of identity-driven cyber resilience for enterprises, today announced the release of the Active Directory Security Halftime Report, the first in a periodic series of insights and practical skill-building resources for preventing and mitigating identity-related cyberattacks. The report addresses the surge in identity-related attacks and vulnerabilities—from the Colonial Pipeline breach to the Windows Print Spooler vulnerability—with expert advice on hardening identity security postures that have eroded through years of misconfigurations and lagging skillsets.

“Active Directory remains the beating heart of identity management—the core of the identity platform for most organizations—but everything around it has changed rapidly,” said Mickey Bresman, CEO at Semperis. “AD secure configuration was not as much of a concern 15 years ago, and many recommendations that were provided at the time proved to be insecure and have been completely revised since. A lot of the mistakes that were made then are the problems organizations now need to address.”

 

Bresman also calls out lagging skillsets at a time when conversations about protecting the business from cyberattacks are converging for identity and security teams.

 

“You have people that know AD extremely well, but their thinking is more operationally related,” said Bresman. “Or you have people that know red-teaming and security extremely well, but they are not AD experts. It’s not that simple to find that combination of skills in a single person.”

 

Against a backdrop of these escalating identity-related cyberattacks, the Active Directory Security Halftime Report highlights the essential areas of focus for identity and access management (IAM) teams, security teams, and CISOs responsible for guarding organizations’ identity systems.

 

More than two-thirds of the Halftime Report will provide how-to guidance from highly experienced identity experts (including longtime recognized Microsoft MVPs) for preventing, mitigating, and recovering from identity system cyberattacks. Identity systems continue to be a prime attack vector for cybercriminals despite well-known vulnerabilities—especially in Active Directory, the core identity store for 90% of businesses worldwide.

 

With an emphasis on fast-track skills-building for identity and security professionals, the Active Directory Security Halftime Report consolidates:

  • Practical guidelines for hardening AD security by closing common gaps that can be uncovered with the free security assessment tool Purple Knight, built by Semperis identity and access management (IAM) experts;
  • New perspectives on building a cyber-resilient organization by breaking down siloes between identity and security teams;
  • Tips for managing security in increasingly complex hybrid identity systems, particularly across on-premises Active Directory and Azure Active Directory environments; and
  • Trends in cybercriminals’ tactics for compromising identity systems, as highlighted in the monthly Semperis Identity Attack Watch series.

 

The Active Directory Security Halftime Report, available at https://pages.semperis.com/2021-ad-security-halftime-report/, will be updated on a periodic basis to serve as a timely, concise index of resources for organizations that have prioritized hardening their Active Directory and Azure Active Directory defenses against escalating cyberattacks.

 

Although the threat landscape is continually expanding, organizations can improve their security posture by methodically identifying and addressing the well-known identity-related vulnerabilities covered in the Active Directory Security Halftime Report.

 

“Regardless of the particular mix of on-premises and cloud systems and assets, every organization will need to protect the identity store,” said Bresman. “Identity is going to continue to play a huge role in the protection game that we are playing against the adversaries.”

 

About Semperis

For security teams charged with defending hybrid and multi-cloud environments, Semperis ensures integrity and availability of critical enterprise directory services at every step in the cyber kill chain and cuts recovery time by 90%. Purpose-built for securing Active Directory, Semperis’ patented technology protects over 40 million identities from cyberattacks, data breaches, and operational errors. The world’s leading organizations trust Semperis to spot directory vulnerabilities, intercept cyberattacks in progress, and quickly recover from ransomware and other data integrity emergencies. Semperis is headquartered in New Jersey and operates internationally, with its research and development team distributed between San Francisco and Tel Aviv.

Semperis hosts the award-winning Hybrid Identity Protection conference (www.hipconf.com). The company has received the highest level of industry accolades and was recently ranked the fourth fastest-growing company in the tri-state area and 35th overall in Deloitte’s 2020 Technology Fast 500™. Semperis is accredited by Microsoft and recognized by Gartner.

 

Twitter https://twitter.com/SemperisTech

LinkedIn https://www.linkedin.com/company/semperis

Facebook https://www.facebook.com/SemperisTech

YouTube https://www.youtube.com/channel/UCycrWXhxOTaUQ0sidlyN9SA

Contacts

Media
Jessica MacGregor

fama PR for Semperis

Semperis@famapr.com
617-986-5024

Categories
Technology

Logical Buildings and AvalonBay partner with groundbreaking indoor lithium battery storage at Avalon White Plains

AvalonBay’s 407-unit luxury rental at 27 Barker Avenue in White Plains, N.Y. hosts first-in-class indoor battery storage system with interactive grid management

AvalonBay sets new paradigm with indoor lithium-ion battery storage paired with Logical Buildings’ virtual power plant platform to serve the grid and community

 

WHITE PLAINS, N.Y. — (BUSINESS WIRE) — #AvalonBayCommunities–AI innovator Logical Buildings, in collaboration with AvalonBay Communities, Inc., has installed the first indoor lithium-ion battery storage unit in New York State at Avalon White Plains, a 407-unit luxury rental property at 27 Barker Avenue in White Plains, NY. The circa 2008 master-metered building is now benefiting from a demand-response initiative in which a 144kW battery bank discharges at peak hours to support the electricity grid when under stress; and re-charges at off-peak times to take advantage of low cost, low carbon emission power. Another advantage is the battery is able to serve as a generator in the event of power outages.


“This is a game-changing technology that will mitigate power outages during peak hours, not only benefiting the building but the entire city of White Plains,” said Jeff Hendler, CEO of Logical Buildings. “The fact that AvalonBay is the first in the entire state to debut this technology is a testament to the organization’s commitment to decarbonization and sustainability.

“The Northeast has traditionally lagged behind the West Coast in battery installation and AMI meter-based grid responsive building technology. But this project paves the way for buildings in the region to take advantage of the most efficient battery tech.”

The indoor installation of the lithium-ion battery, which is comparable in size to two side-by-side refrigerators, required new safety guidelines commensurate with the revolutionary technology. Building codes were updated and an intensive review process initiated by the City of White Plains included industry peers and utility provider Con Edison. With unwavering support from NYSERDA, Logical Buildings was able to navigate funding and permits from the various entities. Moreover, through the leadership demonstrated by AvalonBay and Logical Buildings, it is anticipated similar indoor battery installations will be implemented in other high-density areas throughout the state, including New York City.

Mr. Hendler continued, “In addition to taking pressure off the grid and contributing to de-carbonization, the program is providing significant savings in utility costs at the building. We have worked with AvalonBay on several utility grid-resiliency programs over the years, but this was an especially cooperative endeavor that will have far-reaching benefits for their properties and beyond.”

On July 27, the battery participated in a two-hour demand-response event called by local utility, Con Edison. The building provided ~100kW from discharging the battery and another ~50kW by reducing demand from other systems, such as cooling and lighting. This is an example of one way the battery contributes to grid stability when demand is highest.

AvalonBay purchased both the Stem battery and its proprietary Athena AI software analytics systems to reduce daily peak demand through charging and discharging. Logical Buildings worked with Stem to integrate the demand-response signals being received by its SmartKit AI™ software into battery demand-response algorithms that automatically optimize battery discharge during four-hour load reduction windows.

“The battery system transforms Avalon White Plains into a hybrid smart building, which intelligently sources power from the grid and onsite battery based on multiple parameters, including electricity pricing, billing demand, building systems, and grid conditions,” added Abhay Ambati, Senior Vice President, Technology Services at Logical Buildings. “Beyond adding resiliency and cost savings for the Avalon community, the battery will support important environmental, social and governance (ESG) goals, such as the installation of electric vehicle (EV) charging stations.”

“With the White Plains battery, we have reached another important milestone in our decarbonization journey,” noted Mark Delisi, Vice President of Corporate Responsibility and Energy Management at AvalonBay. “The future of AvalonBay is one that will source clean, renewable energy for our communities in combination with onsite storage. We learned a great deal in partnership with Logical Buildings, STEM, and NYSERDA, which will serve us well in future applications.”

Immediately after going live in June during the first heatwave of the summer, the lithium-ion battery was able to offer 50kW of demand reduction at the building for two consecutive days. It is anticipated the battery will deploy at least four times per month over the summer.

About Logical Buildings

Logical Buildings is a smart building technology software developer, IoT and DER systems integrator, and smart building services provider. Integration of Logical Buildings’ products and services in large multifamily, commercial, industrial, and manufacturing properties are recognized for reducing operating expenses, generating revenue from existing mechanical equipment, and enabling wireless connectivity. Its Smartkit AI, Smart Building AI IoT platform and software analytics, and EPAX Energy Procurement Advisory and Execution software platforms are contracted to owners and operators of more than 200 million square feet nationwide. Logical Buildings introduced the consumer based GridRewards™ in a pilot program in summer 2020 and fully launched the app in late 2020. Logical Buildings (formerly “ETS – Energy Technology Savings”) currently serves more than 60 million square feet of major multifamily and mixed-use properties in urban markets. GridRewards™ is currently available to more than 4 million households and businesses. www.logicalbuildings.com

About AvalonBay Communities, Inc.

As of March 31, 2021, the Company owned or held a direct or indirect ownership interest in 290 apartment communities containing 85,787 apartment homes in 11 states and the District of Columbia, of which 15 communities were under development and one community was under redevelopment. The Company is an equity REIT in the business of developing, redeveloping, acquiring and managing apartment communities in leading metropolitan areas in New England, the New York/New Jersey Metro area, the Mid-Atlantic, Southeast Florida, Denver, Colorado, the Pacific Northwest, and Northern and Southern California. More information may be found on the Company’s website at http://www.avalonbay.com.

Contacts

Linda Alexander

linda@alexandermktg.com
1 917.881.5360