Category: MENA

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Melissa Hammerle Appointed President of Intelex Technologies

Hammerle will be responsible for the formation and execution of Intelex’s strategy as it delivers safer, cleaner and more efficient operations for our customers.

Toronto, Canada, Nov. 05, 2021 (GLOBE NEWSWIRE) — Intelex Technologies, ULC, a leading global provider of cloud-based Environmental, Health, Safety and Quality (EHSQ) management software, today announced the appointment of Melissa Hammerle to the role of president of the organization.

“I’m excited to bring Melissa’s deep continuous improvement experience and leadership to the Intelex team. Melissa will be a key driver as we work to help customers drive EHS and ESG performance to levels previously unimaginable,” said Justin McElhattan, Group President of EHS businesses for Intelex parent company Fortive.

Hammerle brings experience driving growth, customer retention and innovation through leadership roles in general management, product, marketing, sales, customer success and the Fortive Business System (FBS). She has led teams to co-create cultures with high engagement, ownership and customer centricity across a range of businesses, from startups to large scale enterprises.

“I’m thrilled to join the Intelex team,” said Hammerle. “We have a profoundly impactful mission and a once-in-a-lifetime growth opportunity as investors, business leaders and customers raise the bar on the practices of EHSQ and help our customers achieve their Environment, Social and Governance (ESG) goals.”

Hammerle joins Intelex from Accruent, where, as the Commercial President, she and her team built new sales and marketing growth engines to sustainably deliver software bookings. Previously, she led the team that created Fluke’s first Internet of Things business to serve customer maintenance workflows, accelerated strategic initiatives across Fortive as the FBS Director of Growth, and delivered strong revenue and employee engagement as the VP & GM of Fluke Calibration.

Prior to joining Fortive, Hammerle served as a Captain in the U.S. Army, where she led a company in Iraq.

She earned an MBA from Harvard University and an BA in Economics from Dartmouth College.

About Intelex Technologies, ULC
Intelex Technologies, ULC is a global leader in environmental, health, safety and quality (EHSQ) management software. Since 1992, Intelex employees across the globe have been committed to innovating and enabling organizations to send their employees home safely every day, leaving behind a more sustainable world to the generations that follow, and manage quality so that only the safest and highest quality products make it to market. Intelex’s scalable, web-based platform and applications have helped clients across all industries improve business performance, mitigate organization-wide risk, and ensure sustained compliance with internationally accepted standards (e.g. ISO 9001, ISO 14001, ISO 45001, and OSHAS 18001) and regulatory requirements. Almost 1,400 customers in 195 countries trust Intelex to power their EHSQ initiatives. Headquartered in Toronto with regional offices and employees around the world, Intelex became an Industrial Scientific company in 2019. In 2020, Intelex acquired ehsAI, provider of a SaaS-based next-wave compliance automation solution that leverages artificial intelligence and machine learning algorithms. For more information about Intelex, visit www.intelex.com.

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Sandy Smith, Head of Global Content Marketing
Intelex Technologies, ULC
+1 216-375-0484
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LONGi issues its first White Paper on Climate Action at COP26 summit

XI’AN, China, Nov. 5, 2021 /PRNewswire/ — LONGi founder and president Li Zhenguo has participated in a special company activity at COP26 in Glasgow via online video, outlining LONGi’s “Commitment and Action to Address Climate Change” and releasing the company’s first White Paper on Climate Action at the China Corporate Pavilion.

LONGi founder and president Li Zhenguo has participated in a special company activity at COP26 in Glasgow via online video, outlining LONGi’s “Commitment and Action to Address Climate Change” and releasing the company’s first White Paper on Climate Action at the China Corporate Pavilion.

In 2020, LONGi joined the RE100, EV100 and EP100 in succession, becoming the first Chinese company to join all three initiatives of the Climate Group at the same time. LONGi also joined the Science Based Target initiative (SBTi) in the same year in response to a CDP climate change questionnaire, which opened the way for the company’s involvement in Climate Action.

According to its white paper, LONGi is actively fulfilling its commitments and promoting the implementation of the four international initiatives. The company has completed the accounting and verification of greenhouse gas emissions across its entire value chain for the first time, with the proportion of renewable electricity used in 2020 reaching 41.83%, the equivalent of reducing carbon dioxide emissions by 1.35 million tons.

LONGi’s five manufacturing plants in Yunnan Province have in the meantime achieved 100% use of renewable electricity. In accordance with SBTi standards, the company has also submitted its own emission reduction targets for the first time – based on 2020 figures, greenhouse gas emissions within the scope of operation in 2030 will be reduced by 60% and carbon emission intensity per ton of silicon material, per watt of cell and per ton of glass will be reduced by 20%.

LONGi Solar Logo (PRNewsfoto/LONGi Solar)

“LONGi’s philosophy on Climate Action corresponds to the four initiatives, which every company must follow, and the advanced presentation of this can be a demonstration and example for the entire renewable energy industry. In the future, the overall thinking behind LONGi’s Climate Action will be to refer to the SBTi in order to set emission reduction targets and integrate the promotion of the RE100, EP100 and EV100 initiatives.” Li believes that the road to “Net-zero LONGi” will be long and difficult, but the company hopes to use its own actions to show the outside world a successful demonstration of “manufacturing clean energy products using 100% clean energy”. The company also looks forward to working with more partners and stakeholders, especially upstream and downstream organisations in the supply chain, to promote global energy transformation, also working with customers from all walks of life to jointly realize the vision of harmonious coexistence between mankind and nature.

The COP26 summit is the first meeting of the parties since the Paris agreement entered the implementation stage.

“In the face of an imminent climate crisis, the Paris agreement pointed out the actions necessary for a global green and low-carbon transition, and these are still our guidelines for protecting the earth,” Li added.

Over the past 10 years, China’s photovoltaic industry has made significant progress, enabling people to use renewable energy at a cheaper price, with the “Photovoltaic + Energy Storage + Green Hydrogen” model gradually becoming a powerful weapon against climate change.

Glasgow is the third consecutive COP at which LONGi has participated. At COP24 in 2018, LONGi released its “Solar for Solar” sustainable development concept of manufacturing photovoltaic products driven by photovoltaic power generation, with COP25 in 2019 seeing the release of the company’s “China PV Outlook 2050” report.

LONGi’s ‘special activity’ at COP26 saw guests invited from the Climate Department of the Ministry of Ecology and Environment of China, the British Energy Transition Commission (ETC), the British Embassy in China, the All-China Federation of Industry and Commerce, Vanke Foundation and the Tencent Company, for in-depth discussion on the actions required of corporate entities to actively respond to climate change.

Find out more about the white paper: https://en.longi.com/uploadfile/3/2021/Climate-Actions-of-LONGi-2021.pdf

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Synchronoss Personal Cloud Solution Selected by Telkomsel to Bolster Digital Services Offering

New partnership will allow Indonesian mobile operator to bring personal cloud services to a market of more than 170 million subscribers

BRIDGEWATER, N.J., Nov. 04, 2021 (GLOBE NEWSWIRE) — Synchronoss Technologies, Inc. (NASDAQ: SNCR), a global leader and innovator of cloud, messaging and digital solutions, today announced it would supply its personal cloud solution to Telkomsel, Indonesia’s largest mobile operator. The addition of the Synchronoss Personal Cloud solution will give Telkomsel’s subscribers the ability to back up and manage their valuable digital content, including photos and videos, from any device.

The white-label Synchronoss Personal Cloud solution—branded “Floudrive” and managed by Telkomsigma—will be made available to Telkomsel’s 170 million subscribers as a premium feature. Subscribers will be able to choose between two different storage tiers and enjoy an initial free 30-day period. The solution gives subscribers a reliable and intuitive cloud storage experience, with the ability to backup and sync digital content, while also introducing advanced tagging and search capabilities.

“We are excited to be partnering with Synchronoss to integrate its personal cloud solutions into our consumer channel,” said Tanto Suratno, Director of Business and Sales, Telkomsigma. “Having outgrown our existing personal cloud offering, now is the perfect time to embrace this opportunity and provide our subscribers with an advanced solution that meets their evolving needs. We look forward to enabling our customers to optimize and manage their precious digital content, and to protect and store it safely and securely. As well as benefiting our customers, this partnership also represents the next step as we move towards offering more digital services.”

The solution will be delivered through Synchronoss’ agreement with Telkomsigma, the IT Services and Data Center arm of Telkomsel and Telkomsigma’s parent company, Telkom Indonesia. Unlike other cloud solutions on the market, the Synchronoss-powered personal cloud allows subscriber data to be stored in-country, a critical requirement for Telkomsel to adhere to Indonesian law.

Anthony Socci, President and General Manager, APAC for Synchronoss, said he is delighted to be working with Telkomsel on its new cloud offering. “As a private cloud solution provider, we are always looking for ways to support telecom partners in their mission to deliver more varied and advanced digital services to their subscribers. This cloud solution will be instrumental to Telkomsel as it facilitates a more integrated experience and promotes a safer handling of personal assets,” he said. “This deal builds on the success we have already experienced with Telkomsigma that impressed and inspired Telkomsel to deliver similar offerings to their mobile subscribers. It will also create greater synergies between the two organizations within the group.”

To learn more about Synchronoss cloud solutions, visit synchronoss.com/solutions/cloud.

About Synchronoss
Synchronoss Technologies (NASDAQ: SNCR) builds software that empowers companies around the world to connect with their subscribers in trusted and meaningful ways. The company’s collection of products helps streamline networks, simplify onboarding, and engage subscribers to unleash new revenue streams, reduce costs and increase speed to market. Hundreds of millions of subscribers trust Synchronoss products to stay in sync with the people, services and content they love. That’s why more than 1,500 talented Synchronoss employees worldwide strive each day to reimagine a world in sync. Learn more at www.synchronoss.com.

Media Contacts

For Synchronoss:
Anais Merlin,
CCgroup,
E: synchronoss@ccgrouppr.com

Investor Contact
For Synchronoss: Todd Kehrli/Joo-Hun Kim, MKR Investor Relations, Inc., E: investor@synchronoss.com

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Casio to Release MT-G Watch with Multilayer, Multicolor Carbon Bezel

TOKYO, Nov. 4, 2021 /PRNewswire/ — Casio Computer Co., Ltd. announced today the latest addition to the G-SHOCK brand of shock-resistant watches. The new MTG-B2000XMG, which boasts a multicolor carbon bezel made by laminating carbon with colored glass fiber, is part of the MT-G line of watches, all of which feature a construction that makes the most of the properties of both metal and resin.

MTG-B2000XMG

The bezel for the MTG-B2000XMG is manufactured using a new process for randomly laminating carbon and colored glass fibers, from which the bezel is hewn. This process yields a multicolor bezel with a multilayered pattern, expressing the beautiful mystical coloration of Rainbow Mountain, which shows strata of different colors created by the oxidation of minerals built up over time from volcanic activity and tectonic movement. No two watches look exactly the same, each one revealing a completely unique multilayered pattern where the bezel is hewn. Colorful ion plating (IP) adorns the watch’s componentry, from the rainbow IP on the inner edge of the bezel, to the rose gold IP of the buckle and band loop, to the light blue and purple IP of the front screws, buttons, and crown. The multicolor face design complements the hues of the bezel.

MTG-B2000XMG-1A

The watch keeps accurate time anywhere in the world by receiving radio wave time-calibration signals. Smartphone Link functionality also ensures that the watch automatically stays up to date with time zone and daylight savings time (DST) changes by pairing with a dedicated app on a smartphone. Other features include solar charging and a high-brightness LED to ensure optimum convenience.

 

Steps in making the multicolor carbon bezel

Photo – https://mma.prnewswire.com/media/1670070/MTG_B2000XMG.jpg

Photo – https://mma.prnewswire.com/media/1670071/MTG_B2000XMG_1A_JR.jpg

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Sensational artemisinin-piperaquine for treatment of COVID-19 in prospect

GUANGZHOU, China, Nov. 3, 2021 /PRNewswire/ — Artequick artemisinin and piperaquine tablets have once again become buzzwords across the globe, as most recently, their effectiveness in treating COVID-19 was hotly debated by live streamers on overseas social media and we media platforms. These drugs first came to the industry’s attention after the International Journal of Antimicrobial Agents published a paper titled “Safety and Efficacy of Artemisinin-Piperaquine for Treatment of COVID-19”.

Artequick artemisinin and piperaquine tablets developed by Artepharm Co., Ltd.

As the fourth-generation artemisinin compound, artemisinin-piperaquine had been registered in dozens of countries, said Wang Xinhua, former president of Guangzhou Medical University, senior consultant at Guangdong New South Traditional Chinese Medicine Institute, and leading member of the group for artemisinin’s clinical research and application in China, adding that for decades, it has been widely used as an effective cure for malaria, particularly falciparum malaria. Since the onset of the coronavirus pandemic, the devoted team of scientists has examined the compound’s efficacy against the virus, and their breakthrough has unleashed a hot debate overseas. This implies how the scientific community and the general public are in desperate need of effective drug treatments for COVID-19.

Jointly developed by Artepharm Co., Ltd., a subsidiary of Guangdong New South Group, and the Professor Li Guoqiao-led research team at Guangzhou University of Chinese Medicine, Artequick artemisinin and piperaquine tablets were certified by China’s National Medical Products Administration as a Category I new drug in 2006. And they have been the drug of first choice recommended by the National Health Commission of China since 2009. Under patent protection in 40 countries, including the U.S., and a registered trademark in 29 nations, Artequick has been registered and licensed to sell in 24 states, and is now among major antimalarials in Nigeria, Tanzania, and Kenya. That being so, the medication has contributed to a malaria-free world at a fast pace by preventing tens of millions of people from contracting the disease.

Since last year, Guangdong New South Group, together with scientists from the Artemisinin Research Center of Guangzhou University of Chinese Medicine and Guangzhou Institute of Respiratory Health, has conducted clinical trials for artemisinin-piperaquine in treating COVID-19 at Guangzhou Eighth People’s Hospital in Guangdong Province and Hongqi Hospital Affiliated to Mudanjiang Medical University in Heilongjiang Province. The study found that it took 8.3 days on average for the nucleic acid test results of all 85 observation cases (who were treated with the compound) to turn negative. And when observed on the 21st day, 98.8% of them saw a negative result, and on the 28th day, 100%, compared to 14.3% and 58.7%, respectively, for the control group of 63 infections not on artemisinin-piperaquine medication. According to an in vitro experiment by Guangzhou Institute of Respiratory Health, the highest non-toxicity concentration of artemisinin-piperaquine stands at 125 micrograms per milliliter, which helps inhibit HCoV-229E from causing a cytopathic effect in HuH-7 cells.

In many African countries, the personnel of local Chinese-funded institutions and enterprises had produced a significant result, as they adopted artemisinin-piperaquine to prevent and treat the coronavirus, Ms. Huo Jiangtao, head of Africa Guangdong Business Association noted. No COVID-19 cases treated with the drug in the Comoros, Kenya, and some other nations have died from the disease.

The progress was lauded by Zhong Nanshan, China’s top respiratory expert. The experiment had produced “some preliminary positive results”, he said, adding that the efficacy of artemisinin-piperaquine in treating the virus should not just be based on the rate of nucleic acid tests conversing negative, but the holistic observation of genetics and meticulous verification.

“Traditional Chinese medicine (TCM) has been a highlight of China’s response to COVID-19. Artemisinin and piperaquine tablets are derived from TCM. Artemisinin is extracted from the plant Artemisia annua, an herb employed in TCM, and with years of experience, proves to be safe and effective in curing malaria. Going ahead, the drug is expected to have a greater role to play in the treatment of other diseases,” said Zhu Layi, president of Guangdong New South Group.

The research on using artemisinin-piperaquine to treat COVID-19 has now been steadily advanced.

Image Attachments Links:

Link: http://asianetnews.net/view-attachment?attach-id=406302
Caption: Artequick artemisinin and piperaquine tablets developed by Artepharm Co., Ltd.

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Genasys Inc. Partners with Danimex Communications to Expand Critical Communications Systems Sales in Africa

Genasys Inc – 11.3.21 PR Photo for Middle East and Aftrica Circuit

From left to right, Mansour Karam, Director MEA, Peter Ayre, Vice President MEA, Genasys, Charlotte Thomsen, CEO, Henrik Thomsen, COO, Danimex Communications

SAN DIEGO, Nov. 03, 2021 (GLOBE NEWSWIRE) — Genasys Inc. (NASDAQ: GNSS), the global leader in critical communications systems and solutions that help keep people safe, today announced a strategic distributor partnership with Danimex Communications A/S (Danimex), an award-winning distributor of communication solutions and equipment throughout Africa and the Middle East. Headquartered in Sonderborg, Denmark, Danimex has more than 30 years of experience representing, distributing and selling advanced communications systems.

“Since opening our sales office in the Dubai earlier this year, we are seeing many opportunities to accelerate sales of LRAD®, Genasys Emergency Management (GEM), Integrated Mass Notifications Systems (IMNS) and National Emergency Warning Systems (NEWS) in Africa,” said Richard S. Danforth, Chief Executive Officer, Genasys Inc. “Our strategic partnership with Danimex will focus on business opportunities with Sub-Saharan and North African governments and enterprises through the extensive, customer-centric Danimex sales force.”

“Genasys’ innovative systems and solutions are an important addition to our distribution line and increasingly necessary in this area of the world,” said Charlotte Thomsen, CEO of Danimex. “Crises resulting from climate related events, civil unrest and security incidents are on the rise. Providing next generation hardware and software systems that deliver critical communications to the public can help protect and save lives.”

Ms. Thomsen added, “We look forward to working with the regional Genasys team in Dubai, growing our partnership, and facilitating the sales and distribution of Genasys’ critical communications systems throughout the region.”

Based in San Diego with additional offices in Madrid, Spain, Ottawa, Canada, Singapore and Dubai, Genasys provides a multi-channel, multi-agency approach to deliver geo-targeted alerts, notifications, instructions and information before, during and after public safety threats and critical business events.

About Genasys Inc.

Genasys systems are in service in more than 100 countries in a range of diverse applications, including public safety, emergency warning, mass notification, critical event management, defense, law enforcement, homeland security, and other applications. The Company’s unified critical communications platform includes Genasys Emergency Management (GEM) software-as-a-service, National Emergency Warning Systems (NEWS), Integrated Mass Notification Systems (IMNS), LRAD® long-range voice broadcast systems, Zonehaven™ emergency evacuation resources, and more. For more information, visit genasys.com.

About Danimex Communication A/S

Danimex Communication A/S is an award-winning distributor of radio communication solutions and equipment throughout the world with over 30 years of experiences within the communication industry. Danimex specializes in Critical Communication solutions and supporting our partners with everything they need to build a complete ready-to-use communication system, including network/ system design, coverage studies, system configurations, site surveys, onsite installations and supervision, after sales support Danimex does business with humanitarian organizations, NGO’s, defense, security and government organizations, and modern industries. Danimex bases its business on quality products, full service and lasting relationships. For more information, visit Danimex Communications A/S.

Forward-Looking Statements

Except for historical information contained herein, the matters discussed are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on these statements. We base these statements on particular assumptions that we have made in light of our industry experience, the stage of product and market development as well as our perception of historical trends, current market conditions, current economic data, expected future developments and other factors that we believe are appropriate under the circumstances. These statements involve risks and uncertainties that could cause actual results to differ materially from those suggested in the forward-looking statements. These forward-looking statements are subject to a number of risks and uncertainties, including without limitation the business impact of health crises or outbreaks of disease, such as epidemics or pandemics and how they may affect our supply chain, and other risks and uncertainties, many of which involve factors or circumstances that are beyond the Company’s control. Risks and uncertainties are identified and discussed in our filings with the Securities and Exchange Commission. These forward-looking statements are based on information and management’s expectations as of the date hereof. Future results may differ materially from our current expectations. For more information regarding other potential risks and uncertainties, see the “Risk Factors” section of the Company’s Form 10-K for the fiscal year ended September 30, 2020. Genasys Inc. disclaims any intent or obligation to update those forward-looking statements, except as otherwise specifically stated.

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Investor Relations Contact

Kimberly Rogers
Hayden IR
ir@genasys.com

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mimik Technology Closes $14.3 Million Extended Series A Funding Round Led by Pier 88

mimik’s hybrid edgeCloud platform is poised to revolutionize the delivery of microservices for applications in industries such as healthcare, automotive, manufacturing, logistics, retail, and banking

SAN FRANCISCO, Nov. 03, 2021 (GLOBE NEWSWIRE) — mimik Technology, Inc., a pioneer in hybrid edge cloud technology and business solutions, today announced a $14.3 million Series A funding round led by Pier 88 Investment Partners, a San Francisco-based alternative investment management firm. Other participants include Cathie Wood, Founder, CIO and CEO of ARK Invest and member of the mimik Board of Directors, along with existing investors Primera Capital and NLabs. mimik plans to use the funds to expand its global go-to-market operations including sales, solutions delivery, developer outreach, technical training, and partnership development.

mimik’s hybrid edgeCloud platform transforms cloud applications from a fixed client-server architecture—where server functionality is limited to servers in data centers and gateways—to a fully distributed architecture, enabling billions of smart client devices to act as servers and delivering nearly endless scalability. The mimik platform enables heterogeneous applications, processes, and devices to autonomously communicate in clusters on the edge regardless of their operating system or network. Because data is processed at the edge, mimik’s platform requires significantly less bandwidth and power, reduces cloud hosting costs, is more resilient than traditional client-server architecture, and offers much higher levels of data privacy and security.

“We have spent nearly a decade in R&D, building a platform to address the six major concerns of most developers: speed, cost, security, data privacy, interoperability, and scale,” said mimik Founder and CEO Fay Arjomandi. “The mimik platform offers a strong foundation to build sustainable edge cloud services to help accelerate digital transformation and power the hyper-connected digital economy.”

“Having invested in next-generation technologies like mobility, cloud computing, and cyber security for nearly two decades, our team is excited about the compelling growth opportunities we see in edge computing,” says Frank Timons, Founder and CEO of Pier 88 Investment Partners. “mimik’s technology lead and seasoned executive team position the company to capitalize on the next wave of growth for the computing industry as its nuanced device microservice architecture enhances security and privacy while reducing costs of traditional cloud computing solutions.”

“Primera Capital has funded some of the world’s most transformative technology companies over the past two decades,” said Ori Sasson, General Partner, Primera Capital. “We invest in extraordinary products, opportune markets, and daring entrepreneurs with unwavering visions, and with the disruptive potential of their edge platform and strong leadership team, mimik aligns with these key criteria.”

“We’re thrilled to be working with funding partners such as Pier88, NLabs, Primera Capital and others. They understand the essential benefits of the mimik hybrid edgeCloud platform and the massive market opportunity ahead,” said Siavash Alamouti, Executive Chairman of mimik. “We’re in the midst of a massive transformation across all industries. The burgeoning hyper-connected economy will be orders of magnitude larger than mobile internet, and mimik’s platform will help accelerate this technology revolution and in a much more sustainable way.”

To drive the adoption of hybrid edge cloud computing, mimik has established strategic partnerships with leading cloud companies such as Amazon Web Services (AWS) and IBM and technology services companies such as Tata Elxsi. The platform has been successfully used to complete digital transformation with a number of companies with impressive results and is now being used by many early-adopter customers and partners. For more information on mimik’s hybrid edgeCloud platform, available edge-based microservices, and digital transformation services, visit mimik.com.

About mimik
mimik provides a hybrid edge cloud computing application development platform and business enablers for digital transformation. Developers and enterprises can achieve their business objectives without compromising time to market, cost, scalability, interoperability, data privacy and security, and being locked in proprietary technology stacks. mimik enables hybrid edge native application development that works across ecosystems of devices (iOS, Android, Windows, macOS, Linux, QNX, Raspbian, OpenWRT and smart IoT FreeRTOS sensors), networks, and any private and/or public cloud. The mimik platform is the fastest and most direct way of connecting siloed and fragmented applications from the edge with minimal reliance on middlemen. We can help enterprises save millions of dollars in legacy backend integration while reducing their ongoing operational costs through an edge-in approach. mimik enables systematic digital transformation for a sustainable digital economy to help enterprises secure business leadership in the hyper-connected world. For more information, visit: https://mimik.com and https://developer.mimik.com

Media Contact:
Beth Morrissey
PR@mimik.com

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Microshare receives $15 million in financing from Avenue Capital Sustainable Solutions Fund

Aggressive expansion planned in growing Smart Building and ESG data space

EverSmart by Microshare

Microshare provides Smart Building data solutions for some of the world’s largest companies with a dramatic double bottom line: cost savings and sustainability

PHILADELPHIA, Nov. 03, 2021 (GLOBE NEWSWIRE) — Microshare Inc., a leading provider of Smart Building data solutions to multinationals and public sector institutions, has closed $15 million in financing from the Avenue Sustainable Solutions Fund, L.P., Avenue Capital Group’s vehicle for supporting firms working to bring about a more sustainable world.

Microshare’s EverSmart suite of Smart Facilities solutions help global enterprises like GlaxoSmithKline, Aramark and Rent-A-Center reassure workforce, tenants and customers about the safety of indoor spaces while producing operational efficiencies as well as data insights that boost ESG (Environment | Social | Governance) performance.

“The Avenue Sustainable Solutions Fund investment represents a major vote of confidence in the transformational nature of our EverSmart solutions,” said Microshare CEO and Co-Founder Ron Rock. “As the pandemic hopefully subsides, our ability to create data where none existed before has never been more relevant as workers and tenants grappled with new concerns about indoor spaces, and companies rethink their real estate footprint and face new global expectations on climate and other ESG issues.”

“Microshare is a natural fit for our strategy,” said Sean Coleman, co-manager of the Avenue Sustainable Solutions Fund. “We are excited to back Microshare’s strategy to address growing corporate demand for improvements in building energy efficiency and water consumption, both of which are critical considerations for a sustainable future.”

Philadelphia-based Microshare provides Sensing-as-a-Service solutions to clients in Commercial Real Estate, Corporate, Healthcare, Manufacturing and Pharmaceuticals sectors. The company received international attention for the Universal Contact Tracing wearables it introduced early in the pandemic, a solution credited with preventing major outbreaks at essential manufacturing industries like pharmaceuticals and logistics.

Microshare will use the funds to expand its sales and development teams, grow its business in North America, Europe and the Middle East, and to solidify the complex supply chain and reseller relationships that underpin its efforts to deploy its data solutions at scale.

Microshare’s solutions create Digital Twins clients’ real-world assets that enable better decisions on operational systems and the data to inform and fuel impactful sustainability initiatives.

The company recently reached a number of milestone agreements, including:

  • An agreement with Aramark, the largest facilities management firm in the U.S., for Microshare to provide the technological backbone of its AIWX Connect Predictive Cleaning solutions, now being deployed in major hospitals, stadiums and other infrastructure;
  • An agreement with the British government and the University of Leeds on a test of its contact tracing wearables for infection reduction in dozens of elder care settings;
  • Renewals of global contracts for Universal Contact Tracing wearables for GSK’s manufacturing plants globally, Rent-A-Center’s headquarters facilities, and several other clients in the Energy/Logistics sectors.

About Avenue Sustainable Solutions
The Avenue Sustainable Solutions Fund, L.P. seeks to provide creative financing solutions to high-growth companies that can demonstrate a measurable, positive environmental outcome alongside competitive financial returns. It focuses generally on North American companies within the underserved segment of the market created by the widening financing gap between commercial banks and larger debt funds. For additional information on Avenue Capital Group, which is a global investment firm with assets estimated to be approximately $11.7 billion as of September 30, 2021, please visit www.avenuecapital.com.

About Microshare
Microshare’s EverSmart suite of Smart Building solutions are deployed at scale around the world to bring safety, wellness, cost savings and sustainability data to our clients’ real estate assets. Microshare is a leader in LoRaWAN applications and a proud member of the LoRa Alliance®. www.microshare.io

Contact: Simon Redgate sredgate@microshare.io  +44(0)7850112703

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