Brexit Looms As Supply Chain Disruptor

PYMNTS | August 17, 2016

Brexit has introduced a wave of uncertainty into the geopolitical and financial landscape. And for U.K. manufacturers, the pitfalls are numerous, and firms would do well to monitor cash management with a gimlet eye and consistent and constant monitoring of funding risk.

Spotlight

Aircraft play a vital role in our modern economy by quickly and conveniently transporting goods and people, although at a cost to the global climate and public health. According to the U.S. Environmental Protection Agency (EPA), commercial aircraft—including passenger aircraft, cargo, and other chartered flights—accounted for 11% of greenhouse gas (GHG) emissions from the U.S. transportation sector in 2013 (U.S. EPA, 2015).

Spotlight

Aircraft play a vital role in our modern economy by quickly and conveniently transporting goods and people, although at a cost to the global climate and public health. According to the U.S. Environmental Protection Agency (EPA), commercial aircraft—including passenger aircraft, cargo, and other chartered flights—accounted for 11% of greenhouse gas (GHG) emissions from the U.S. transportation sector in 2013 (U.S. EPA, 2015).

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TRANSPORTATION

DRMP Announces Strategic Growth Partnership with Trilon Group

DRMP, Inc. | May 05, 2022

DRMP, Inc. (DRMP) announced a strategic partnership with Trilon Group (Trilon), a family of infrastructure consulting businesses, that will provide additional capital and resources to support its strategic expansion as well as growth opportunities to support employees as it continues to focus on delivering quality services to its clients. Within Trilon, DRMP will help lead the growth strategy for its National Transportation platform while continuing to build its array of services across its existing regional footprint. DRMP has delivered infrastructure solutions across Florida and the Southeastern United States for the past 44 years with multi-disciplinary civil engineering expertise that spans Transportation, Civil, Federal, and Utility markets. A year ago, DRMP began targeting the accelerated strategic planning of its initiatives and growth goals, including organic expansion in its existing markets and broadening that expansion into adjacent service lines and geographies. To support these goals, DRMP leaders searched for a strategic partner that could help provide significant opportunities for staff to grow their careers and expand service offerings to clients. “As the execution of our strategic plan requires investment in resources and targeted M&A, we sought the right partner to invest in our business, Through the selection process, we carefully considered aligning with a partner that embodied our culture and values, had an understanding of the A/E/C industry, and provided access to capital, resources, and a shared vision to be a strategic growth platform. Trilon was the perfect partner. As a partner, Trilon will provide an increased level of investment in DRMP’s growth that will be mutually beneficial to both our staff and clients moving forward.” -Larry Smith Jr., PE, President/CEO Trilon is backed by Alpine Investors, a people-driven private equity firm. It was formed with the vision of building the next Top 20 design firm in North America by partnering with a comprehensive family of engineering service businesses like DRMP that are focused on delivering practical and sustainable infrastructure solutions for their clients. “We are thrilled to partner with DRMP as they embark on the next chapter in their success story, DRMP has built a phenomenal leadership team that shares our passion for serving communities, clients, and employees. Their mission speaks to Trilon’s intention of delivering critical infrastructure more quickly, affordably, and impactfully. We are excited to support DRMP with investments in talent, technology, and targeted M&A to help them realize their growth ambitions. We see a significant opportunity to broaden sustainable infrastructure services to our clients and their communities and to provide the opportunity for our people to accelerate their career development.” -Trilon Group CEO Michael (Mick) Renshaw. DRMP currently has 19 offices and growth is expected to significantly increase as it expands its M&A strategy and organic growth through the addition of talented staff. The firm will continue operating as an independent brand within Trilon, and its existing management team will continue leading the business. Smith will remain President/CEO of DRMP and will join the Trilon Group Executive Committee. Moving forward, DRMP’s staff will continue to work in their respective roles with a focus on providing excellent service to its clients. “We are excited to grow Trilon with the addition of DRMP, a high quality, deeply experienced firm that brings crucial expertise to lead our national transportation platform. DRMP is an exceptional company that not only shares Trilon’s vision for the future of infrastructure but also has a culture that aligns closely with Alpine’s PeopleFirst philosophy,” said Alpine Partner Dan Sanner. “We are pleased to be able to support DRMP in its continued growth with capital from Alpine’s eight flagship fund.” Cadence M&A Advisors served as financial advisor to DRMP. About DRMP Founded in 1977, DRMP is a multi-discipline firm helping clients design and deliver infrastructure for the community-at-large. DRMP currently employs 500 professionals in 19 office locations spread strategically across its service areas. DRMP is ranked among Engineering News-Record’s “Top 500 Design Firms” in the United States. For more information, visit www.drmp.com About Trilon Group Trilon group was formed with a vision to build the next Top 20 infrastructure services firm in North America by bringing together some of the nation’s best infrastructure consulting firms. Key focus areas include Transportation, Water, Utilities, Environment and Community Infrastructure. Trilon currently comprises 650 staff across 34 offices in the US. For more information, visit www.trilongroup.com About Alpine Investors Alpine Investors is a people-driven private equity firm that is committed to building enduring companies by working with, learning from, and developing exceptional people. Alpine specializes in investments in companies in the software and services industries. Its PeopleFirst strategy includes a CEO program which allows Alpine to bring leadership to situations where additional or new management is needed post-transaction. Alpine is currently investing out of its $2.25 billion eighth fund. For more information, visit www.alpineinvestors.com.

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SOFTWARE AND TECHNOLOGY

FPT Software and Landing AI Forms New Strategic Partnership

FPT Software | May 31, 2022

FPT Software, Vietnam's premier IT firm, has just formed a strategic cooperation with Landing AI, a leader in AI and machine vision in Silicon Valley. Both firms will use their artificial intelligence (AI) expertise to develop end-to-end visual inspection solutions and drive computer vision adoption across industries. FPT Software will promote LandingLensTM, an enterprise Machine Learning Model Operationalization Management (MLOps) platform that generates, iterates, and operationalizes AI-powered visual inspection solutions. This platform allows businesses to assess inspection procedures, evaluate product conditions, delete defective products, and more using deep learning technology. Users enjoy improved accuracy and streamlined processes, allowing them to scale quickly while lowering operational expenses. this strategic alliance will extend the company’s AI capabilities and benefit its large customer base globally. We are excited to join hands with Landing AI to deliver world-class visual inspection solutions to our customers across the globe, Whether it is manufacturing, automotive, pharmaceutical, or food and beverage, all sectors need consistency in their product quality. I am confident that our partnership can help companies in those industries improve their quality control with better data.” -Mr. Pham Minh Tuan, FPT Software’s Chief Executive Officer FPT Software has been active in upscaling its key advanced technologies such as AI, Cloud, Hyper-automation, Blockchain, and so on, with the goal of being among the top 50 digital transformation service providers by 2030. The corporation has several initiatives in AI, including cooperation with Mila, the world's largest deep learning institute, to improve its AI skills and the establishment of an AI Center in Binh Dinh, Vietnam. In the following years, FPT Software hopes to turn this important territory into the country's first-ever AI valley.

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TRANSPORTATION

Nikola Hosts Truck Showcase in Nation's Capital To Underscore Market Readiness of Zero-Emissions Commercial Transportation Technology

Nikola Corporation | July 14, 2022

Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy infrastructure solutions, displayed their zero-emissions Class 8 battery-electric vehicle (BEV) and fuel cell electric vehicle (FCEV) today in Washington D.C. Together, with key federal government representatives, industry organizations and strategic stakeholder partners, Nikola provided visibility to the importance of congressional efforts in advancing clean energy and climate incentives that will enable market growth of zero-emissions technologies and a national clean hydrogen economy.Today's event featured several speakers in support of furthering clean transportation and energy, including Representative Greg Stanton (AZ-District 9); Antoine Thompson, Executive Director, Greater Washington Clean Cities Coalition; Jessica Olson, Vice President of Policy, CALSTART; Connor Dolan, Vice President of External Affairs, Fuel Cell Hydrogen Energy Association (FCHEA) and Shannon Angielski, President of the Clean Hydrogen Future Coalition (CHFC). Arizona Senator Mark Kelly also took a drive in the Nikola Tre FCEV in the afternoon. "Nikola plans to build a complete hydrogen ecosystem of production, distribution and dispensing and site-specific use case consultation on BEV charging solutions that will support zero-emissions commercial vehicles across the country, Decarbonizing heavy-duty trucking and port operations is likely to be achieved more quickly by our fleet customers with the leadership and support of our federal representatives in Washington who can work with us to grow this new industry." -Pablo Koziner, President of Nikola Energy. "I'm grateful that leaders here in Washington have the opportunity to see first-hand the work a great Arizona company, Nikola, is doing to address the challenges of climate change--and see how cutting greenhouse gas emissions can also create great jobs. Thanks to the Bipartisan Infrastructure Law and our work to make clean vehicles more competitive, this great technology will soon be on roadways nationwide," said Rep. Greg Stanton of Arizona. Today's event reminds us that the transition to clean transportation is not mainly a technology challenge - that the solutions are here today. What we need now are strong market signals from the government that zero-emission technologies will have the support they need to scale and compete with older, dirtier technologies, said Jessica Olson, Vice President of Policy, CALSTART. Nikola's Tre BEV qualifies for both the California and New York Voucher Incentive Programs. These programs provide vouchers, or discounts, to fleets that purchase or lease medium- and heavy-duty zero-emissions BEVs. With this approval, purchasers of the Nikola Tre BEV qualify for an incentive valued at up to $150,000 in California and up to $185,000 per truck in New York, with a scrappage requirement. The Nikola Tre BEV's range is up to 350 miles, one of the longest of the battery electric zero-emission Class 8 tractors. The Tre's cabover design is ideal for metro-regional applications because it has improved visibility and maneuverability, along with a smooth and quiet ride free of the smell of diesel emissions. ABOUT NIKOLA CORPORATION Nikola Corporation is globally transforming the transportation industry. As a designer and manufacturer of zero-emission battery-electric and hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems, and hydrogen station infrastructure, Nikola is driven to revolutionize the economic and environmental impact of commerce as we know it today. Founded in 2015, Nikola Corporation is headquartered in Phoenix, Arizona. For more information, visit www.nikolamotor.com or Twitter @nikolamotor.

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