Category Archives: Business

Business

Imperial Properties Adds New Harbour Landing Apartments to Management Portfolio

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Parliament community will offer Regina residents modern amenities and onsite management.

Regina, SK — Imperial Properties, an award winning property management company with offices in Regina and Winnipeg, announced today that it is launching a new rental community in Regina. Parliament, located at 5200 Parliament Avenue near the intersection with Harbour Landing Drive, offers a full range of amenities and access to local attractions, and phase one will open to residents on April 1.

Parliament is designed with the needs of modern apartment dwellers in mind, offering high quality and modern living spaces in a convenient location near great shopping and restaurants. Tutor Park, Regina Rugby Park and Hudson Park are all located nearby, and the community is a short drive from other area parks, including Kinsmen Park South and Lakeview Park. Additionally, Parliament is located in close proximity to Regina International Airport, making it ideal for frequent fliers. When complete, the community will consist of three buildings totaling 241 apartments, making it one of Regina’s largest new rental communities in decades.

“Our team is very excited about the upcoming opening of Parliament in Harbour Landing,” said Adrian Schulz, ACCI, president and CEO of Imperial Properties. “This new property is a bright addition to our portfolio, ideal for young professionals and families alike. Parliament will offer all the amenities today’s renters have come to expect, as well as the attentive and responsive onsite property management for which Imperial Properties is known. We expect these luxury apartments will be very popular among Regina residents.”

Imperial Properties is currently accepting applications for the property, which has one-, two- and three-bedroom units starting at $1,050. Units feature a choice of colour palettes, and amenities and features include stainless steel kitchen appliances, central air, large private covered balconies, modern interior finishes, window coverings and in-suite laundry. The community will be pet friendly, and will offer both surface parking as well as Regina’s first underground, heated parking garage for a rental property in Harbour Landing. Additionally, Parliament will feature an exclusive clubhouse with a fitness centre, lounge, billiard room, communal barbecue area and patio.

“Parliament represents an important addition to Imperial Properties’ portfolio,” said Schulz. “This modern, exclusive community is already attracting excitement among prospective renters and Regina residents, and we’re looking forward to the role that Parliament will play in continuing to build our reputation as one of Western Canada’s leading property management firms.”

About Imperial Properties

Imperial Properties offers its property management services to owners of residential and commercial properties from its offices in Winnipeg and Regina. The company prides itself on its ability to offer high quality service and operational consistency to its property owners, including those with properties in both markets. To learn more about Imperial Properties, visit http://www.imperialproperties.ca.

For more details about Parliament, including floor plans and rental information, visit http://www.parliamentrentals.ca.

Please direct inquiries to:
Imperial Properties, 306-993-2438
info@imperialproperties.ca

Business

Rosendin Electric Names Michael Holmes Director of Preconstruction, Bay Area

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30-Year Veteran of the Electrical Industry Promoted to Assume Responsibility for Bay Area Preconstruction and Business Development.

San Jose, CA, USA — Rosendin Electric (http://www.rosendin.com), one of the nation’s largest private electrical contractors and an employee-owned company, today announced the promotion of Michael Holmes to Director of Preconstruction. In this role, Mike will focus on expanding Bay Area operations, leveraging his existing network and identifying new general contractor partners who will benefit from Rosendin Electric’s construction experience and industry expertise.

Mike began his career as a US Navy Electrician and has filled virtually every role in the electrical contracting industry – from journeyman, to foreman, to estimating, to project management. He has served as Preconstruction Manager for Rosendin Electric for the past eight years.

“As Preconstruction Manager for Rosendin Electric in the greater Sacramento market, Mike developed a reputation for bringing great value to his clients, setting the foundation for many of their most successful projects,” said Larry Hollis, Vice President of Business Development. “We are excited to have Mike expand his role to the Bay Area, allowing other customers to benefit from his diligence and expertise.”

About Rosendin Electric
Rosendin Electric, Inc., headquartered in San Jose, California, is an employee-owned electrical engineering, power, and communications provider. With revenues surpassing $1 Billion, Rosendin Electric is one of the largest electrical contractors in the United States. With over 3,500 employees and experience worldwide, Rosendin Electric has built upon a 95-year reputation for quality design and installations. For additional information, visit http://www.rosendin.com.

Media Contact:
Rosendin Electric, Inc.
(408) 286-2800
busdev@rosendin.com

Business, Marketing

KastKing® Breaks Out Unique Fishing Reel

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A new concept to thwart fishing line tangles wraps itself around the KastKing® Mako Spinning Reel.

Garden City, Long Island, NY (January 26, 2016) — KastKing®, a division of Eposeidon, Inc. (http://www.eposeidon.com), has come out with a new innovative spinning reel for 2016 named the KastKing® Mako 3500.

Although the key features of the KastKing® Mako 3500 include an impressive line retrieve rate for its size, an exceptional drag rated at 22 lbs./ 10 kg from its oversized drag washers, and 8 + 1 shielded stainless steel bearings, anglers will appreciate the revolutionary design rotor brushes that prevent their fishing line from dropping down on to the spool skirt during retrieve. The exclusive rotor brushes on the Mako spinning reels reduce loops and snarls resulting in a more pleasant fishing experience. This unique antifouling spinning reel rotor design is not available from other brands.

The KastKing® Mako 3500 reel gets its amazing smoothness from 8 stainless steel shielded ball bearings plus one instant stop anti-reverse. A beefy reel foot made from aero-grade aluminum alloy and a deep aluminum spool machined from the same material that retrieves 36 inches of line per turn of its handle give the Mako spinning reel a rock-solid feel.

KastKing® Mako 3500 reels are finished in black and silver with a distinctive spool lip gold accent, have a right hand or left hand reversible CNC machined aluminum handle, a 5.1: 1 gear ratio, and a EVA flat paddle non-slip knob. A Mako 3500 weighs 11.82oz/ 335g and has a line capacity of (mm/m) 0.25mm/190m, 0.30/130, 0.35/100 and a monofilament line capacity of (lbs/ yds) 8 lb / 240 yards, 10 lb /195 yards , 12 lb/ 165 yards.

“Like many KastKing® products, the KastKing® Mako 3500 stands out due to its inventive design features,” says Tom Gahan, marketing director at Eposeidon, Inc.. “Mako’s rotor brushes keep any line that has spilled over the spool up where it belongs and virtually eliminates line overrun loop fowling. There’s nothing quite like the KastKing® Mako out on the market.”

KastKing® Mako 3500 will have a MSRP of $69.98 and be discounted to sell in the mid-$40 range at http://www.eposeidon.com, http://www.amazon.com/kastking, and other select online retailers.

ABOUT EPOSEIDON:
Eposeidon (http://www.eposeidon.com) brings a fresh, innovative approach to anglers by offering quality fishing tackle products at the best prices and no cost, or low cost shipping. Eposeidon’s goal is to exceed expectations through outstanding customer service and superior product value to their customers. Eposeidon is continually expanding its product lines, which include KastKing®, an ICAST 2015 Best of Show award-winning brand, fishing line, fishing reels, and fishing rods, MadBite fishing lures, fishing tools, and accessories, KastKing® Ecooda Pro Series reels, and other fishing tackle products, to meet individual fishing equipment needs. Eposeidon is headquartered in Garden City, Long Island NY, USA and sells fishing tackle products in more than 140 countries.

Media Contact:
Tom Gahan
Director of Marketing
Eposeidon Outdoor Adventure, Inc.
Main Office: 1-855-830-7430 Ext. 1002
Direct Line: 631-369-0063
tgahan@eposeidon.com
http://www.eposeidon.com

Business

AsTech Consulting Security Expert Sees 2016 as “The Year of Board Accountability”

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New Cyber Security Assessment Framework from FFIEC and High-Profile Security Breaches Will Lead to Shareholders Demanding Answers.

San Francisco, CA, USA (January 19, 2016) — The year 2016 promises to be the Year of Accountability as corporate boards have to address serious questions about their companies’ defenses against security breaches and cybercrime. That’s the prediction of Greg Reber, CEO of AsTech Consulting, an 18-year-old cyber security consulting firm. Reber warns that board members as well as chief executives are going to be held more accountable by shareholders and regulatory agencies for inattention to cyber security weaknesses.

Last year the Federal Financial Institution Examination Council (FFIEC) released a new cyber-security assessment tool to help financial institutions move from a simple, “check-the-box” approach to security assessment to a more risk-based methodology, including specific milestones that boards have to meet at different maturity levels. This marks a new era in financial institution security oversight due to the specificity of the compliance framework. This move by the FFIEC puts corporate boards on notice as well as chief executives that cyber security is their responsibility.

“Data security breaches will continue to be more spectacular and more costly to business,” said Reber. “What is changing is the demand for more accountability. In addition to requiring that high level executives step down (such as the CEO of Target), we are going to see more boards of directors held responsible for security failures. Cyber security is a problem that will continue to escalate, resulting from emerging technologies being applied to cybercrime coupled with a lack of due diligence by senior management.”

Reber notes that there are multiple reasons that 2016 will become a year of increasing cyber security attacks:

1. Aging Internet applications – The World Wide Web is 23 years old in 2016 and many of today’s Web applications are built using source code that was developed before security risks were understood. These applications propagate security weaknesses unless they are specifically addressed in the source code, or by other means.

2. The rush to introduce new technology – Emerging technologies are creating new cyber security risks that are not well understood. The Internet of Things (IoT), for example, is driving a rush to market and many times cyber security is an afterthought. Adding security to new technology later rather than making it part of the initial development will leave ‘seams’ for security flaws.

3. Malicious ecommerce – Social media sites such as Facebook, Twitter, and Pinterest have announced that they will be adding “buy” buttons to their sites. While this may attract more users and promote customer retention, it also will create new opportunities for cyber-fraud and identify theft.

Conversely, the good news for the coming year is that better analytics with more accurate predictive capabilities are coming to market every quarter. It is becoming easier to identify where hackers are likely to strike next, supplementing traditional enterprise security safeguards with predictive analytics and analytics-driven security methods.

“We have better analytics and predictive capability to head off more security problems, but companies still need to make cyber security a priority before they have to pay for the consequences of a cyber breach,” added Reber. “It’s more than a matter of adding more security detection tools; companies have to scrub their infrastructure to uncover legacy vulnerabilities. In the current regulatory climate, vulnerability discovery and remediation is much less expensive than paying the fines and legal fees, not to mention equity losses, that follow a systems hack.”

About AsTech Consulting
AsTech Consulting has been helping Fortune 1000 companies manage risk and protect vital information assets since 1997. AsTech’s technical team are true security experts, providing a full suite of services focused on risks to information including Vulnerability Discovery and Remediation, Secure Development Training, Secure Development Lifecycle Consulting, and Security Architectural Design.

For more information, visit http://www.astechconsulting.com.

Contact:
Tom Woolf
Public Relations Director, Gumas Advertising
415-259-5638
twoolf@gumas.com

Business

Market Rates Insight Introduces TrendSpotter, Providing Banks and Credit Unions with Competitive Fee Trend Data for Benchmarking

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TrendSpotter Reports on National Trends for Checking, Savings, Money Market Accounts, and CDs on ATM, OD, NSF, Wire Transfer, and Monthly Service Charge.

San Anselmo, CA, USA (January 17, 2016) — Market Rates Insight, Inc. (http://www.marketratesinsight.com), the leader in financial services pricing intelligence for deposits, personal loans, mortgages, and fees, today announced the release of TrendSpotter, a new research tool that captures quarterly retail fee trends for banks and credit unions nationwide.

TrendSpotter provides financial institutions with key intelligence by monitoring trends for retail deposit fees, features, and requirements in the marketplace. When combined with internal key performance indicators, this historical fee data enables banks and credit unions to monitor fee trends and their impact on sales volume and revenue.

TrendSpotter can provide valuable insight, and information to better predict the impact of fee changes. By using TrendSpotter for competitive benchmarking, financial institutions can overlay their own fee pricing to create a trend line that shows how the competition affects revenue, attrition, and volume for their own fee-based products. The tool provides an ability to configure a fee, feature, or requirement trend based on filters that allow the user to identify a specific institution by type or asset size. The tool’s flexibility provides the end user the ability to effectively track the competitive environment and impact of fee changes.

Samples of TrendSpotter data output include:

• ATM fees charged on foreign transactions (also includes waived and rebated fees)
• NSF/OD fees that can be filtered by market or size
• Minimum balance or combined balance requirements to waive monthly service charges
• Overdraft protection transfer fees

TrendSpotter is a unique tool that gives bank and credit union executives an understanding of retail deposit fee trends in the US marketplace. Data is extracted from Market Rates Insight’s FeeBuilder, the first database of live retail deposit fees on over 2,200 FIs that tracks live data on overdraft, non-sufficient funds, monthly service charges, ATM fees, wire transfer, on checking, money market, savings, and certificate of deposit.

“Fees continue to be an essential source of banking revenue, and TrendSpotter now gives bank executives the data they need to gain a true portrait of the competitive landscape for deposit fees,” said Rick Barham, founder and CEO of Market Rates Insight. “TrendSpotter not only tells you about specific competitors but gives you the bigger picture of market trends over time. Using TrendSpotter data, bankers can identify weaknesses in their pricing strategy and areas where they are overlooking potential fee revenues. There’s no other research tool like it on the market.”

TrendSpotter makes its observations at the national level, and is issued quarterly on an annual subscription basis. For more information, visit http://www.marketratesinsight.com.

About Market Rates Insight
For over 30 years, Market Rates Insight has helped banking executives make better informed pricing decisions. The company serves banks and credit unions nationally with competitive information on deposits, consumer loans, mortgages, and fees. Market Rates Insight provides the most granular historical and refresh pricing data in the industry, helping financial decision makers plan and prepare for likely changes in rates and products. The company’s cloud-based system provides timely and precise competitive data supported by usable graphs and charts.

Market Rates Insight is located in San Anselmo, California. For more information, see http://www.marketratesinsight.com.

Photos available upon request

Contact:
Tom Woolf
Market Rates Insight
(415) 259-5638
tom.woolf@marketratesinsight.com

Business

SolaTrim™ Signs Hybrid Power Supply as First Canadian Distributor

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SolaTrim Expands Market Reach for PV Protective Barriers with Calgary-based Value-added Distributor of Specialty Alternative Energy Products.

Sacramento, CA, USA (January 16, 2016) — SolaTrim™ LLC (http://www.solatrim.com), innovators in protective barriers to beautify and safeguard residential solar systems, today announced that the company has signed a distribution agreement with Hybrid Power Supply (http://www.hybridpowersupply.com) of Calgary, Alberta. With this new distribution agreement, SolaTrim not only expands its market presence into Canada but also opens up new sales opportunities in niche alternative energy applications.

Unlike many residential solar system distributors, Hybrid Power Supply targets specific channels and markets, including off-the-grid power systems, marine solar systems, and RV solar systems. The distributor maintains an intimate catalog and does not offer preconfigured residential solar system modules. Instead, they offer specialty products such as solar batteries, power inverters, controllers, and switches as well as solar panels that can be assembled into custom solar systems. Hybrid Power Supply considers itself a value-added solar distributor, offering product training, support, and warranty servicing to dealers and installers.

“We believe that protection of solar systems is something that’s been neglected by the industry for far too long,” said Haig Davis, president of Hybrid Power Supply. “We are excited to be bringing SolaTrim to Canada as now we have a product available to Canadian solar installers and homeowners that provides the last vital component in the residential solar installation and what’s great is SolaTrim does this in an aesthetically pleasing, easy to fit practical way.”

Hybrid Power Supply will be supplying solar installers across Canada with SolaTrim barriers. SolaTrim is an ideal addition to Hybrid Power Supply’s catalog of solar charge controllers, inverters, and batteries.

“We are delighted to have found a specialty distributor such as Hybrid Power Supply to help open the Canadian region, and introduce SolaTrim to new integrators serving niche markets,” said Bob Smith, co-founder and President of SolaTrim. “Canada is a burgeoning market for solar power, and SolaTrim barriers are ideal for keeping debris and pests from under solar arrays. SolaTrim also helps prevent rooftop snow loading and ice dams by preventing snow from accumulating under solar arrays in winter.”

SolaTrim is an all-weather aluminum barrier stiffened by design to resist warping or bending and diamond-stamped to facilitate airflow. The SolaTrim panels come with a peel-and-stick adhesive that attaches permanently to the solar frame and requires no drilling or clips that could negatively affect the system’s appearance or the solar module manufacturers’ warranty. The adhesive has been tested to withstand extreme weather conditions and will last for the life of the solar system so it will permanently prevent birds and rodents from nesting under the solar array, which can cause damage to the solar systems.

For more information, visit http://www.solartrim.com.

About SolaTrim
SolaTrim LLC is an innovator in providing new solutions to protect and beautify residential solar systems as well as protect the homeowner solar investment for the life of the system. The SolaTrim barrier system adds an attractive border to solar arrays while protecting the system from pests, debris and other environmental threats. Solar integrators across the country are turning to SolaTrim as a permanent solution that will beautify rooftop solar while reducing unnecessary service & warranty calls.

Headquartered in Sacramento, California, SolaTrim is committed to developing affordable, dependable, and attractive made-in-the-USA solar aftermarket products to support America’s renewable energy initiatives.

For more information, visit http://www.solatrim.com.

Contact:
Tom Woolf, Public Relations
Palmer Advertising
(415) 259-5638
tom@palmersolaradagency.com

Business, Marketing

KastKing Sharky II Waterproofed Fishing Reel Announced

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Patented waterproofing system and upgraded components added to best-seller to create the KastKing® Sharky II Spinning Reel.

Garden City, Long Island, NY (January 11, 2016) — Today, KastKing®, a division of Eposeidon, Inc., introduces a unique KastKing® Sharky II spinning fishing reel model for 2016. KastKing® Sharky II, the successor of the KastKing® Sharky, underwent 3 years of development and holds 20 design patents. It is built to withstand harsh conditions and submersion for up to three minutes.

KastKing® Sharky II features 10 superior quality shielded stainless steel ball bearings and an instant stop anti-reverse bearing. As an upgrade to KastKing®’s best-selling Sharky spinning reel model, the KastKing® Sharky II received a new-design spool with waterproof carbon fiber drags that is stronger, 10% lighter, and casts 10% farther than its predecessor. KastKing Sharky II has a best-in-class carbon fiber drag system rated up to an exceptional 41.5 lbs. / 19 kg. of maximum drag, and the strength of its brass gears were increased by 30%. KastKing® Sharky II’s handle cogs were re-engineered for a more exact fit. Reinforcement was added to the reel body for less torsional flex, yet it remains light weight for its size and features. The Sharky II 4000, which generates 28.5 lbs/ 13 kg of drag, weighs in at 11.1 ounces/ 317 grams while the Sharky II 6000 has 41.5 lbs. / 19 kg. of drag.

“KastKing took the best-selling Sharky spinning reel and made it more spectacular! The new KastKing® Sharky II reel is lighter, stronger, and is now dunk-proof. Sharky II has a patented design waterproofing seal system that repels a three-minute plunge and keeps on fishing,” says Eposeidon marketing director, Tom Gahan. “Kayak anglers and saltwater surf fishing fans, whose fishing tackle tends to get soaked, will love the Sharky II spinning reel’s features.”

“For kayak fishing the probability of dunking your gear is higher than for most other types of fishing,” says Team Eposeidon Angler Consultant Shane Coovert in Kingswood, TX who won the Corpus Christi KATS (Kayak Angler Tournament Series) last September. “With the KastKing® Sharkey II being dunk proof for up to three minutes, it gives you plenty of time to retrieve your fishing tackle setup should you lose it.”

“The factory successfully tested the Sharky II for immersion up to 5 minutes, but we wish to remain conservative in our claims,” added Gahan.

KastKing® Sharky II is saltwater approved and has a one-year warranty. It has an interchangeable right-handed or left-handed interchangeable handle and is available in 2000, 3000, 4000, 5000, and 6000 series sizes. The 6000 is fitted with a T-grip handle. KastKing® Sharky II Spinning Reel MSRPs are: 2000 – $65.98, 3000 – $69.98, 4000 – $71.98, 5000 – $78.98, and 6000 – $94.98. All models have been deeply discounted for the product launch and will continue to sell at discounted prices through http://www.amazon.com/kastking and other select online retailers.

ABOUT EPOSEIDON:
Eposeidon (http://www.eposeidon.com) brings a fresh, innovative approach to anglers by offering quality fishing tackle products at the best prices and no cost, or low cost shipping. Eposeidon’s goal is to exceed expectations through outstanding customer service and superior product value to their customers. Eposeidon is continually expanding its product lines, which include KastKing®, an ICAST 2015 Best of Show award-winning brand, fishing line, fishing reels, and fishing rods, MadBite fishing lures, fishing tools, and accessories, KastKing® Ecooda Pro Series reels, and other fishing tackle products, to meet individual fishing equipment needs. Eposeidon is headquartered in Garden City, Long Island NY, USA and sells fishing tackle products in more than 140 countries.

Media Contact:
Tom Gahan
Director of Marketing
Eposeidon Outdoor Adventure, Inc.
Main Office: 1-855-830-7430 Ext. 1002
Direct Line: 631-369-0063
tgahan@eposeidon.com
http://www.eposeidon.com

Business

T5 Data Centers Breaks Ground on New Build-to-Suit Data Center at Kings Mountain Campus

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New Custom-Designed Data Center Contract Reaffirms T5’s Expertise in the Design and Construction of Build-to-Suit, High-Performance Data Centers.

Kings Mountain, NC, USA (January 6, 2016) — T5 Data Centers™, innovators in providing state-of-the-art, customizable and highly reliable computing support environments, has broken ground on a new build-to-suit data center at its Kings Mountain, North Carolina, campus. Construction of the new enterprise-grade data center follows an exhaustive national search led by Kristina Metzger, Data Center Specialist at CBRE Data Center Solutions on behalf of an unnamed Fortune 50 company.

T5 Data Centers won the competitive bid for this build-to-suit contract after meeting and exceeding the stringent specifications outlined in a comprehensive Basis of Design and RFP. “Following a highly competitive process, T5 was ultimately selected as the right solution based on their extensive expertise in build-to-suit enterprise data centers, the company’s ability to meet and exceed a rigorous set of requirements, and because T5@Kings Mountain proved to be an ideal location,” said Kristina Metzger of CBRE. Ultimately T5 Data Centers will achieve several Uptime Institute Certifications including: Tier III Certification of Design Documents, Tier III Certification of Constructed Facility, and Tier III Gold Certification of Operational Sustainability.

In addition to T5’s design and engineering team having responsibility for the facility’s construction, T5 Facilities Management (T5FM) will be responsible for on-site building operations management and systems support.

“This new contract is a real testament to the discerning customer’s recognition of T5’s expertise and excellence in building and operating true enterprise quality data center environments. We brought a solution to the table that included design and construction expertise, a proven data center location, and best-in-class facilities management capabilities,” said Aaron Wangenheim, Chief Operating Officer for T5 Data Centers.

T5 has been designing and building customized data centers from the ground up for 20 years. The company recently completed a similar project for a tenant at its T5@Portland campus. T5 Data Centers maintains seven data center campuses strategically situated across the country. T5’s Kings Mountain campus has the added advantage of being located in North Carolina, since the state recently passed the North Carolina Competes Act, which includes tax incentives for data center operations, including power and equipment.

For more information about T5’s data center services, visit http://www.t5datacenters.com.

About T5 Data Centers
T5 Data Centers (T5) is a leading national data center owner and operator, committed to delivering customizable, scalable data centers that provide an “always on” computing environment to power mission critical business applications. T5 Data Centers provides enterprise colocation data center services to organizations across North America using proven, best-in-class technology and techniques to design and develop facilities that deliver the lowest possible total cost of operations for its clients. T5 currently has business-critical data center facilities in Atlanta, Los Angeles, Dallas, Portland and Charlotte with new projects announced in New York, and Colorado. All of T5’s data center projects are purpose-built facilities featuring robust design, redundant and reliable power and telecommunications, and have 24-hour staff to support mission-critical computing applications.

For more information, visit http://www.t5datacenters.com.

Media Contact:
Aaron Wangenheim
T5 Data Centers
(415) 292-7700
aaron@t5datacenters.com
http://www.t5datacenters.com

Business

Tower Tech Wins Cooling Tower Manufacturer of the Year Award

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Tower Tech is selected Cooling Tower Manufacturer of the Year by Climate Control Middle East magazine. Tower Tech customers in the Middle East comment on the award, and Tower Tech wishes to thank their Middle East customers and representatives.

Oklahoma City, OK, USA (December 28, 2015) — Tower Tech, Inc. was awarded the Manufacturer of the Year (Cooling Tower) Award during the Climate Control Awards 2015 at the Jumeirah Emirates Towers in Dubai, UAE on November 23rd, 2015. Receiving the award on behalf of Tower Tech was Mr. Akel Diab, Controls & Contracting Solutions Director for Trane Middle East & Africa.

The award is sponsored by CPI Industry and Climate Control Middle East magazine, judged and evaluated according to their systems and processes, and monitored by third-party auditing firm KPMG. The theme of the Fifth Annual Climate Control Awards, according to CPI Industry’s Editorial Director & Associate Publisher, B. Surendar, was ‘Inter-connected in thought and execution’. According to Surendar, “The philosophy behind the theme is the critical need for the HVACR industry to work as a cohesive unit towards achieving specific goals, be they energy efficiency; resource conservation; reliability; good indoor environmental quality; food safety or ease of installation, operation and maintenance.”

“Tower Tech wishes to thank our outstanding customers for their support and for making Tower Tech a success in the Middle East. Furthermore, we thank our talented sales representatives Trane Middle East & Africa (UAE and Qatar) and Radian Oil & Gas (Saudi Arabia and Bahrain) for representing us with distinction in the GCC region,” said Daniel Coday, Sales Manager – International for Tower Tech.

Mr. Wasfi Hassan, Head of Mechanical Department for Allied Consultants in Dubai, attended the award ceremony and was involved in a 5,000 ton district cooling plant project in Dubai that selected Tower Tech cooling towers in 2013. Mr. Wasfi reminisced over some of the driving factors for choosing this specific tower. “The variable flow distribution system, multiple bottom-mounted fans, and enclosed basin design [is what] first attracted my attention. When operating the towers we were surprised to get performance exceeding the design value in such a humid environment. It was great to see Tower Tech get this deserved award.”

Upon learning about the award, Mr. Syed Younus Ahmed, Director, HVAC Operations and Maintenance at King Fahd University of Petroleum and Minerals (KFUPM) in Dhahran, Saudi Arabia said, “congratulations to the entire Tower Tech team.” When asked about his experience with operating Tower Tech cooling towers he replied “It’s almost impossible to perceive how truly process and environmentally friendly this cooling tower is.”

Tower Tech CEO Robert C. Brink stated, “Our vision is to be the most customer-driven cooling tower company in the world – the standard by which all other cooling tower companies are measured. We thank CPI, Climate Control Middle East magazine, our amazing customers throughout the GCC region, and our GCC factory certified representatives Trane Middle East & Africa and Radian Oil & Gas.”

Mr. Brink added, “With the recent introduction of our new TTXR line, Tower Tech offers even greater performance at reduced installed fan power and footprint. The TTXR is more affordable for mid and large sized projects with the same unique counterflow design solutions. Tower Tech continues to raise the standard for a better customer cooling tower experience.”

About Tower Tech

Tower Tech, Inc., based in Oklahoma City, USA manufactures innovative modular cooling towers.

Tower Tech towers are designed to reduce installation time and costs, environmental impact, operating costs, and tower maintenance. Design features include: variable flow technology; low Legionella risk; TSE and sea water friendly operation; non-corrosive construction; built-in redundancy; modularity; and low sand/dust entrapment.

Tower Tech’s products are used worldwide for comfort cooling, industrial processes, and power generation. Tower Tech’s revolutionary cooling towers have been recognized by environmental advocacy groups for their ability to conserve energy and water.

For more information, visit the Tower Tech web site at http://www.towertechinc.com.

Media Contact:
Daniel Coday
Tower Tech, Inc.
+1 405-979-2141
dcoday@towertechinc.com
http://www.towertechinc.com

Business

Canbank Venture Capital Fund (CVCFL) Picks Up Stake in Bioneeds India Pvt. Ltd., (Bioneeds) Bengaluru

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* Bioneeds is a OECD GLP certified and AAALAC accredited Pre-Clinical Contract Research Organization with 1,10,000 SFT of world class Vivarium and supporting laboratories at Bengaluru.
* Bioneeds has strong research oriented scientific manpower of 150 people.
* Bioneeds services highly reputed Indian and International Pharmaceutical, Biotech, Agrochemical, Medical Devices, Nutraceuticals, Cosmetics and Industrial chemical companies.
* Bioneeds will deploy funds in the ensuing expansion plan to broaden its service offerings which would include Discovery, Development and Regulatory service under one roof for pharma, biotech, agrochemical and medical device companies.
* Bioneeds has highly skilled scientific manpower of 150 people, several of them with Phd./Doctoral Research to their credit.

Mumbai, India, December 24th, 2015 — Canbank Venture Capital Fund Ltd (CVCFL) through its Fifth Fund viz., Emerging India Growth Fund has invested Rs.250 Million by way equity shares and convertibles for a minority stake in M/s Bioneeds India Private Limited (Bioneeds).

Total expansion program will lead to addition of 120,000 Sq ft of facility, of which 55,000 Sq Ft will be added immediately. This will result in total 230000 Sq ft facility consisting of Biopharma discovery labs (Molecular Biology, Cell Culture, Upstream and Downstream, DPD, Bioanalytical and QC labs). NEC discovery labs (Chemistry, DMPK, Safety Pharmacology, Bioanalytical and Canine Facility) and also additional manpower of 75 scientists. With this expansion, Bioneeds will be offering full range of Discovery, Development and Regulatory services to Pharma, Biotech, Medical Device and Agrochemical companies.

Mr S Thiruvadi, Managing Director, Canbank Venture Capital Fund Ltd. (CVCFL) said, “Globally, Indian Scientific Community is highly respected for their ingenuity, professionalism and contribution they have done in the field of new Drug Discovery. Also, they have created positive impact in other industries in which Bioneeds offer their services. High-quality scientific manpower coupled with cost advantage of India, is a compelling business reason for many international companies to outsource their research work in India. Bioneeds has demonstrated this and is very well positioned to capture the growth opportunity with their well-qualified scientific manpower. The EBITDA and PAT margins from Bioneeds are good and CVCFL anticipates that Bioneeds with their strong customer base and progressive professional management will achieve high growth in the revenues and profitability and be able to offer significant returns through dividends and capital appreciation on exit. CVCFL from its fund EIGF has been assisting unlisted mid stage/late stage companies in the manufacturing and services sector with good growth potential and require funding”

According to independent reports, global R&D expenditure for the pharmaceutical industry in 2014 was about US$ 139 billion with significant potential for outsourcing. Penetration of outsourcing to independent CROs is estimated to be at CAGR of about 12.5%. Parameters like high quality Scientific manpower and cost advantage places India in a comfortable position to capture this business. World class facility and well established processes are additional requirements, which Bioneeds has rightly identified.

States Dr. S.N. Vinaya Babu, MD, Bioneeds, “we are a first-generation business built primarily on high quality work by our well qualified scientific staff. Our high-growth till date has been funded by internal accruals and borrowings. We have been actively looking for funds to strengthen our balance sheet and also expand our services. The funds from CVCFL shall be deployed to build additional Vivarium and Discovery Labs with state-of-the-art equipments. This will help us to broaden our service offerings and deepen our relationship with 250+ active customers we currently service. We aim to be counted among the best Global CROs offering complete range of services. We aim to become INR 1,000 million Company in next 3 years.”

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