Monthly Archives: July 2021

PHOENIX – Exro Technologies, a cleantech company, will open its U.S. headquarters in Mesa, officials said in a statement on Tuesday.

The 15,000 square foot location will serve as a multi-purpose facility to expand research, development and testing to improve technology in different types of electric vehicles.

Exro plans to hire 50 employees for the location over the next 18 months.

“The Greater Phoenix area was a natural fit for our home in the United States, and we are thrilled to be a part of the innovative business community,” said Sue Ozdemir, CEO of Exro Technologies, in the statement.

“The region is teeming with manufacturing partners and potential suppliers, and its competitive talent pool will support our continued growth. “

Exro plans to leverage Arizona’s electric vehicle and automotive resources to continue to grow, the statement said.

The company’s announcement of its expansion into the United States came shortly after graduating from the Toronto Stock Exchange.

Exro was originally part of the Toronto Venture Exchange, which allows the public to invest in new and emerging companies.

In addition to graduating from TSX, Exro has developed a new class of power electronics for electric motors and batteries that the company wants to continue developing at Mesa, the statement said.

The company’s move has been welcomed by officials from the City of Mesa and the Greater Phoenix Economic Council as the company aligns with their green goals.

Mesa plans to achieve carbon neutrality by 2050.

NEW YORK and CARLSBAD, California, July 26, 2021 / PRNewswire / – Bruin Capital (Bruin / @ Bruin_Cap) has entered into an agreement with North Castle Partners to acquire a controlling stake in Full Swing (FS), the Carlsbad, Californiasports technology and performance company. North Castle will remain a shareholder and the new alliance will accelerate FS’s global expansion and the introduction of new consumer products and gaming businesses in golf and other sports. It comes as on- and off-course golf participation increases to record levels and more fans turn to interactive sports training and entertainment experiences on the whole.

Full Swing is the industry’s largest producer of multi-sport simulators for commercial, residential and entertainment venues offering 13 unique sport experiences. PGA TOUR pros including Tiger Woods, 2021 US Open champion, current world No.1 ranked golfer Jon rahm, and triple major champion Jordan spieth, use the simulator for training purposes. The Full Swing simulators are also the centerpiece of the exclusive long-term relationship with the PGA TOUR and Golf Channel. Plus, you’ll find FS simulators at Topgolf Swing Suites across the country through another long-term partnership. What sets FS simulators apart from others is their patented dual-tracking technology, software that provides instant data analysis and top-notch graphics.

“Full Swing has set the standard for authentic simulator golf experiences. With great vision, the team has also developed cutting-edge software and technological capabilities that will result in more home and out-of-home product lines. in more sports for all levels of athletes, enthusiasts and casual fans. In doing so, Full Swing is uniquely positioned to capitalize on the growing interest in engaging interactive experiences and subscription game services, ”said declared Georges pyné, Founder and CEO of Bruin Capital – @GFPyne on Twitter.

“At Full Swing, we pride ourselves on delivering the most authentic and accurate golf experience inside and soon to be outside of the world. We couldn’t be more excited with the investment, partnership and especially the experience that Bruin brings to the table as we seek to expand our product portfolio and global reach, ”said Ryan dotters, CEO of Full Swing.

“We are delighted to be part of the new Bruin – Full Swing partnership. We believe that Bruin’s expertise in this industry, coupled with Full Swing’s extraordinary leadership team, as well as our knowledge and network will continue to drive growth through innovation and excellence, ”added Alison minter, Managing Partner of North Castle.

Later this year, FS will begin shipping its highly anticipated “Full Swing KIT”, a state-of-the-art launch monitor inspired and developed in consultation with Tiger Woods. From capacity to price, the Full Swing KIT could be a game-changer in the industry. It is a data-rich device providing exceptional performance for golfers of all skill levels. Capabilities, critical information and analysis have all been led by Woods. The Full Swing KIT is portable for indoor and outdoor use, combining machine learning enhanced radar and a 1080P HD camera to generate immediate data intelligence accessible through personal devices across the digital ecosystem.

Joining Woods, Rahm and Spieth as Full Swing Ambassadors who use the equipment for training and help with product development include the former World No. 1 and 2015 PGA Champion Jason Day, US Open Champion 2019, Gary Woodland, 2012 FedExCup Champion Brandt snedeker, 2013 US Open Champion and 2018 FedExCup Champion, Justin rose; PGA TOUR Rookie of the Year 2018 Aaron Sage; LPGAs Brooke Henderson, the most successful Canadian golfer of all time, three-time NBA champion and two-time MVP Steph Curry and 2018 NFL MVP and Super Bowl LIV champion Patrick muhammad.

It will be the latest acquisition of Bruin Capital, the investment and operating company specializing in building global sports, technology, media and entertainment companies. At July 12, the company announced the imminent acquisition of Oddschecker, the UK’s leading betting subsidiary and media company. In March, Bruin took co-ownership of TGI Sport, the global sports technology and marketing company. Bruin also owns Deltatre, the sports media technology company; Two Circles, the sports fan data and analytics company; Soulsight, the brand strategy and design company; and Engine Shop, the sports and entertainment marketing company. Collectively, they operate across five continents, together and their work has won hundreds of awards and serves billions of consumers around the world.

About Bruin Capital: Bruin Capital @ Bruin_Cap / www.bruincptl.com) is an international investment and operating company founded by Georges pyné @GFPyne. Bruin specializes Bruin specializes in working with financial partners and management teams to build leading global companies in technology, sports, media, entertainment and marketing. Bruin companies currently operate on five continents with 2,100 employees in 34 offices. Bruin investors include The Jordan Company, CVC Capital Partners, Rock Ventures, NNS chaired by Nassef Sawiris and a prestigious group of family investment funds.

About Full Swing: Full Swing is America’s largest producer of golf and sports simulators, chosen as the Official PGA Tour Licensee and Official Golf Channel Simulator. Users can dynamically experience over 13 sports, including golf, with the world’s most iconic golf courses. The Full Swing team includes players from the PGA Tour Tiger Woods, Jon rahm, Justin rose, Jordan spieth, Gary Woodland, Brandt snedecker, Jason Day, the LPGAs Brooke Henderson, the NBA Steph Curry and the NFL Patrick muhammad. For more information, visit www.fullswinggolf.com.

About North Castle Partners: North Castle Partners is a leading private equity firm focused on investing in consumer-focused product and service companies that promote healthy, active and sustainable lifestyles. North Castle is a practical, value-added investor in high growth mid-market companies in (i) fitness, recreation and sports, (ii) nutrition, (iii) beauty and personal care. , (iv) consumer health. , and (v) the home and leisure sectors, among others. North Castle partners with management to bring a wide range of strategic and operational capabilities to build world-class businesses by unleashing the exponential power of potential partnerships. North Castle is headquartered at Greenwich, Connecticut. For more information, visit www.northcastlepartners.com.

SOURCE full swing simulators; Capital Bruin

Related links

http://www.fullswinggolf.com

Phononic’s thermoelectric cooler (TEC) can be seen in the image of this cast released on July 21, 2021. Photo taken in 2019 in Durham, North Carolina, United States. Broadcast via PHONONIC / REUTERS

July 21, 2021

Jane lanch lee

(Reuters) – Chemicals used in air conditioning, freezers and refrigeration have long negatively impacted the environment by destroying the ozone layer and polluting water sources, but technology has changed the way we to cool. I begin.

Phononic, a Durham-based startup that makes so-called cooling chips using a material called tellurized bismuth, said it raised $ 50 million from Goldman Sachs Asset Management on Wednesday.

Tony Atti, co-founder and CEO of Phononic, says that when electricity passes through a chip, the current heats up, causing one side of the chip to cool and the other to heat up.

Chips can be as large as a small portion from fingernail to fist, depending on how much coolant is needed, creating a compact freezer for ice cream at convenience stores such as Vaccine Transport and Circle K. Was used for. .. Recent rapidly growing applications are aimed at preventing the overheating of lidar, laser sensors for self-driving cars, and optical transceivers for 5G data transmission.

“Historic refrigerants used in vapor compression systems are toxic and a source of global warming,” Atti said. Although the effects of global warming have been mitigated, refrigerants still present toxicity and flammability issues.

According to Ati, tellurized bismuth powder itself is toxic, but when made into semiconductor wafers into chips, it is “good” and meets all standards for chip safety and disposal and is therefore recycled or discarded. I can do it.

The cooling chips are made at Phononic’s own factory in Durham, and the company is working with Thailand-based Fabrinet for mass production. The vaccine and ice cream freezers are made in China by subcontractors and have or in some cases are co-branded by Phonic customers, he said.

The funds will be used to build mass production and expand the phononic market and product line.

Ati declined to share the last phononic note, but said it was “$ 500 million north.” Former investors include Temasek Holdings, private equity and venture capital firm Oak Investment Partners.

(Report by Jane Lanhee Lee, edited by Richard Pullin)

SALT LAKE CITY – (COMMERCIAL THREAD) – R-Zero, the leading biosafety technology company dedicated to creating safer and healthier indoor spaces, today announced its acquisition of CoWorkr, the leading real estate technology company offering user sensors Privacy-driven space for data-driven workplaces. After a $ 41.5 million increase from Series B, R-Zero’s first acquisition accelerates time-to-market of an IoT sensor network that will provide critical real-time visibility and insight into data, enabling intelligent closed-loop automation of R-Zero’s disinfection ecosystem for businesses in all industries.

CoWorkr’s versatile, AI-driven sensor network delivers real-time occupancy streaming for meeting, conference, personal and collaboration spaces. State-of-the-art thermal sensing technology enables the business to prioritize privacy, while providing intelligent and granular analyzes of the workplace. Adding this layer of intelligence enables R-Zero’s biosafety platform to analyze the operation of an entire workplace, assess risks in real time, and then automatically disinfect. the spaces that need it – equipping organizations with a continuous and automated disinfection infrastructure, for the first time. With access to real-time information on the use of their space, businesses can make their health and safety operations more efficient and effective, reducing sick days and associated costs while improving productivity. overall.

“Creating and maintaining physical spaces that promote productivity and health is both the goal and the obligation of every organization. R-Zero’s acquisition of CoWorkr brings a layer of data and intelligence to our biosecurity platform that allows us to create smart, healthy buildings designed for the way people actually interact, ”said Grant Morgan, CEO and co-founder of R-Zero. “The use of space is an essential determinant of risk. CoWorkr’s robust IoT sensor network allows us to quantify health risks better than ever, by understanding where people are in a given space. By closing the loop between occupancy, risk and disinfection, businesses can measure and successfully manage indoor productivity and health with a level of sophistication and ease that has not existed until now. CoWorkr not only brings cutting edge technology and a cutting edge platform, but also a team of thought leaders with deep expertise in workplace intelligence and optimization.

The acquisition also comes at a critical time as businesses across the country begin to return to a permanently altered workplace. Employers must navigate unexplored hybrid work models while ensuring the security of a returning workforce that now has a keen awareness of the impact of indoor environments on their overall health. The combination of R-Zero and cutting-edge technologies from CoWorkr provides the information and tools necessary to enable businesses to make smarter decisions about how to adapt and manage their spaces in response to a post-work environment. constantly evolving pandemic. With comprehensive usage data of their buildings, employers and facility operators can better understand how the workplace is used and effectively adjust the risk profile of their spaces – prioritizing health and safety. occupant safety.

“We’ve spent years understanding the CRE landscape and we’ve learned how difficult it is for our customers to create healthier buildings,” says Elizabeth Redmond, CEO of CoWorkr. “Not only are the data resources siled, but the systems are obsolete and very rarely offer a post-build solution. The past year and a half has highlighted the practical shortcomings of the market and we are excited to incorporate CoWorkr’s existing user technology into R-Zero’s product roadmap. Together, we’ll build an unprecedented platform that efficiently manages air quality, space use, and helps people feel they can thrive at work again. Workplaces create community and culture, and we believe it is essential that companies can rebuild spaces to be healthier, safer and more vibrant.

In 2019 alone, lost productivity from disease cost U.S. businesses $ 575 billion. Of that amount, $ 151 billion came from employee sick leave. The past year has brought to light the direct impact of indoor environments on human health in general. The addition of CoWorkr’s IoT sensor network unlocks new commercial real estate capabilities for R-Zero’s biosecurity technology platform. This acquisition enables R-Zero to redefine the overall health of buildings, with biosecurity technology at the center – ultimately fueling a healthier, more productive workplace of the future. Going forward, organizations that successfully adjust and adapt their physical spaces to prioritize productivity and health, will gain a significant competitive advantage.

“CoWorkr’s sensor solution is not only strategic for R-Zero, but it is also central to our long-term vision,” said Morgan. “We will continue to invest heavily in the CoWorkr platform, because creating truly safer and healthier buildings requires this critical layer of intelligence.

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About R-Zero

R-Zero is the first biosafety technology company dedicated to making the indoor spaces we share safer and clinically clean. Founded to help organizations protect the health of the people they serve, R-Zero is dedicated to developing the most effective and innovative disinfection technologies to reduce the spread of all infectious diseases. R-Zero’s first product, Arc [an IoT-enabled, whole-room UV disinfection device] currently enables a higher level of health safety for hundreds of thousands of people, in public and private sector organizations, without the use of chemicals. Today, R-Zero is the pioneer of the first continuous and automated disinfection ecosystem, enabling every organization to measure and manage indoor health with a level of sophistication and ease that has not existed until now. Powered by data science, built with hardware connected to AI, ML and IoT, R-Zero’s intelligent biosecurity platform provides better visibility, automation and risk reduction even smarter in indoor spaces where people spend their time. R-Zero is backed by leading venture capital firms, DBL Partners, World Innovation Lab, SOSV / HAX, as well as thought leaders from the healthcare, hospitality, sports, commercial real estate, impact and others. For more information, visit www.rzero.com.

About CoWorkr

CoWorkr is a leading workplace technology company that provides a real-time anonymous platform to measure how employees use spaces. Their easy-to-deploy infrared and battery-powered sensors collect data without compromising worker privacy. Workplace usage data is used to help organizations move from assigned work arrangements to more modern agile or hybrid work models. This real-time usage data is leveraged for workplace experience applications, while historical data is used by the real estate team for planning and future transitions. CoWorkr has disseminated over 8 million days of data for its clients and has helped large Fortune 500 companies save millions of dollars in annual commercial real estate costs by identifying vacancies in underperforming spaces. Stakeholders of workplace occupancy data include corporate real estate, employee experience teams and are rapidly becoming a value add-on for facilities and janitorial services. CoWorkr was founded by Elizabeth Redmond and Keenan May. For more information, visit http://www.coworkr.co.

Mayor Michael Bloomberg about a decade ago declared a mission for New York to surpass San Francisco and Silicon Valley to the south as a global hub for new technologies. New York has established itself as the second cheapest in the world in attract the venture capital that feeds the industry. But the gap between n ° 1 and n ° 2 remains important. Bay Area and Silicon Valley startups landed $ 24 billion from investors from April to June, according to CB Insights, compared to $ 11 billion in New York.

The large population of skilled engineers in the Bay Area has led CBRE to re-name the cheapest region for employers looking for tech talent in this year’s “Scoring Tech Talent” report, released last week. . About 375,000 are in tech-related jobs in the Bay Area, compared to 340,000 in New York.

But in that report, a chart showed New York City had an overall operating cost advantage over its West Coast rival. Costs for tech talent and office rental in New York increased 13% since 2017, compared to about 20% in the San Francisco Bay Area, according to CBRE data.

The average annual wage cost for skilled employees and non-tech workers (like sales and marketing) was $ 41 million in New York City last year, compared to $ 50 million in San Francisco.

The difference in salary costs makes up for the fact that New York City has slightly higher real estate costs: about $ 5.7 million per year for 75,000 square feet of office space in Manhattan, compared to $ 5.2 million in Manhattan. Bay Area.

Rents are based on year-end 2020 research by CBRE, factoring in discounts of office owners during the pandemic.

But the difference in operating costs for businesses can make New York City less attractive to the skilled workers that tech companies need. New York tech workers spent about 26% of their $ 118,000 salary, on average, on rent last year, according to CBRE. Workers in San Francisco paid 21% of their average $ 144,000 in rent. The CBRE report noted that San Francisco outperformed New York City in attracting new workers, as measured by growth in tech employment relative to local tech graduates.

Seattle and Washington DC were the next most expensive North American markets to operate, according to CBRE, costing $ 56 million and $ 55 million annually, respectively.

See part of the 2021 list below: