I Bytes Manufacturing Industry

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I-Bytes
Manufacturing
January Edition 2021
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Table of Contents
1. Financial, M & A Updates...................................................................................................................................1
2. Solution Updates................................................................................................................................................18
3. Rewards and Recognition Updates..................................................................................................................48
4. Customer Success Updates................................................................................................................................55
5. Partnership Ecosystem Updates.......................................................................................................................77
6. Environment & Social Updates........................................................................................................................93
7. Miscellaneous Updates......................................................................................................................................99

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Financial, M & A
Updates Manufacturing Industry

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Financial, M&A Updates
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AECOM (USA) completes sale of its Civil construction business and provides update on
share repurchases
AECOM the world’s premier infrastructure consulting firm, announced
the successful completion of its sale of the Civil construction business to
affiliates of Oroco Capital, a strategic infrastructure investor. Including
the sale of the Power construction business in October, the Company has
now exited substantially all of its self-perform, at-risk construction
businesses. AECOM also announced that as of it has executed nearly
$150 million of share repurchases since its fourth quarter fiscal 2020
earnings announcement on November 16, 2020. Since September 2020,
the Company has executed more than $600 million of share repurchases.
As a result, diluted shares outstanding has been reduced by
approximately 8%. The Company has approximately $850 million of
repurchase capacity remaining under its existing $1 billion Board
authorization.
Executive Commentary
“The completion of the sale of the Civil construction business marks
a significant milestone in the transformation of our business profile to
best position AECOM for long-term success,” said AECOM’s chief
executive officer. “As global leaders in the infrastructure,
environment and water markets, we are poised to capitalize on our
clients’ increasing demand for our consulting services to transform
cities, achieve bold ESG ambitions and better the communities we
serve. With the progress we have made on our key strategic priorities,
our advancement of our Think and Act Globally strategy to drive
growth and the momentum in the business, we remain committed to
repurchasing shares in order to fully capitalize on the value creation
opportunity.”
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AkzoNobel (Netherlands) acquires New Nautical Coatings, owner of the Sea Hawk
yacht coatings brand
AkzoNobel is set to increase its presence in the North American yacht
coatings market after agreeing to acquire New Nautical Coatings, owner of
the premium Sea Hawk brand. Financial details are not disclosed. The
privately-owned company is one of the top players in yacht coatings in
North America. Operating a specialized production facility out of
Clearwater Beach, Florida the business is mainly active in North America,
with sales also being generated in the Caribbean and Australasia. The Sea
Hawk brand enjoys high customer loyalty among yacht owners, shipyards
and maintenance service providers based on its premium quality and
product performance. Recently recognized as one of North America’s top
coatings manufacturers, New Nautical Coatings was established in 1978.
The business mainly supplies premium antifouling coatings, as well as
several other products, such as primers and varnishes.
Director of AkzoNobel’s Marine, Protective and Yacht Coatings
business: “Acquiring New Nautical Coatings means we’re now well
positioned to expand our operations in North America and further
improve the service levels for our customers. It’s an established
business, with a strong product portfolio, and we’re excited to welcome
the widely-admired Sea Hawk brand into the AkzoNobel family.”
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AkzoNobel (Netherlands) proposes to acquire Tikkurila for €31.25 per share, to create
superior and sustainable value for all stakeholders
Akzo Nobel N.V. has made a comprehensive non-binding proposal to acquire Tikkurila. The proposed
combination of AkzoNobel and Tikkurila would create a strong platform for future growth, better able to serve
customers with more innovative and sustainable solutions, building on a shared European heritage. The proposal
includes an all-cash public offer for all issued and outstanding shares of Tikkurila at an offer price of €31.25 per
share (“potential offer”) and total equity value of around €1.4 billion. This represents a premium of 113% to
Tikkurila’s volume weighted average share price for the undisturbed three-month period ending December 17,
2020 and is 13% higher than the current offer made on January 5, 2021. To obtain merger clearance and ensure
deal certainty for Tikkurila and its shareholders, AkzoNobel has agreed with Hempel key terms for the sale of
assets, including the decorative paints business of AkzoNobel in the Nordics and the Baltics, to be completed after
closing of AkzoNobel's proposed public offer for Tikkurila. The Nordic culture and strong presence of Tikkurila
in Finland would be reflected in the future organization. The main offices and production facilities of Tikkurila in
Finland would become the vital hub for the combined business in the Baltic Sea region and substantial investment
would be made in production facilities to supply future growth. Employees and management would benefit from
new and exciting career and professional development opportunities, in Finland and the wider organization.
AkzoNobel and Tikkurila have a common approach to sustainability – it’s embedded in the way we operate – and
AkzoNobel is widely recognized as the leader in the paints and coatings industry. Joining forces would build on
the sustainable purpose of Tikkurila and continue to make a difference for all stakeholders, including local
communities. The transaction is expected to be EPS accretive in 2022, is aligned with the capital allocation
priorities of AkzoNobel, and will be financed using existing cash and credit lines. AkzoNobel will continue its
current €300 million share buyback program and maintains a target leverage ratio of 1-2x net debt/EBITDA.
AkzoNobel CEO, commented: “The natural combination of AkzoNobel and Tikkurila would build on
centuries of industry experience and a shared European heritage to create significant value for customers,
employees, shareholders and other stakeholders. Bringing together our premium brands and leading
portfolios would provide customers with a wider range of innovative products and services, including the
most sustainable paints and coatings solutions. Our complementary geographic profiles would create
superior value compared to any other combination, including growth opportunities for the company and its
employees. Our collective procurement capabilities, expanded production, and combined sales and
distribution channels would deliver substantial value creation. AkzoNobel and Tikkurila would have an
exciting and sustainable future together, continuing the recent positive momentum and performance
improvement, as a global frontrunner in the industry.”
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ASSAABLOY (Sweden) sells Gardesa in Italy
ASSA ABLOY has sold its Italian residential door business within
Gardesa to Italy-based Bertolotto and is in the final stages to sell its
remaining shutter business. Gardesa is an Italian manufacturer of
residential security doors and roller shutters, headquartered in
Cortemaggiore, Italy with around 70 employees. The company’s
total sales in 2020 was approximately 10 MEUR (approx. 100
MSEK). The transaction will have a positive effect on ASSA
ABLOY´s operating margin. The divestiture resulted in a capital
loss and exit costs amounting to 18 MEUR (approx. 185 MSEK)
booked during Q4 2020. The divestiture of the shutter business is
expected to be completed during the first quarter of 2021.
"Gardesa has been one of our well-known brands in Italy, and I
have personally spent some time with the team over the years and
thank them for their contribution. I am confident that Bertolotto
will take Gardesa to the next level as part of their business
transformation and wish them every success in their future
endeavors,” says Executive Vice President of ASSAABLOY and
Head of EMEA Division.
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Avery Dennison (USA) Acquires ACPO Ltd.
Avery Dennison announced that it has acquired the business of
Ohio-based ACPO Ltd. for the purchase price of $87.6 million,
subject to certain post-closing adjustments. ACPO is a leader in
pressure-sensitive overlaminate products for the label and flexible
packaging markets and has approximately 170 employees. Avery
Dennison has acquired the majority of ACPO’s assets, including
coating, finishing and distribution operations at its Oak Harbor,
Ohio, headquarters, as well as three finishing and distribution sites
in Atlanta, Georgia; Oak Creek, Wisconsin; and Vancouver,
Washington. ACPO employees will transition to the Avery
Dennison Label and Graphic Materials team.
“We are delighted to have ACPO become part of Avery
Dennison,” said chief operating officer of Esperia Holdings
LLC, the holding company of ACPO Ltd. “As anyone in our
industry knows, Avery Dennison is a strong, sophisticated global
organization and a brand known and respected worldwide, which
will help accelerate the commercialization of ACPO products
around the globe. We know that tapping into the know-how of
Avery Dennison’s materials scientists, with their expertise in
adhesives, base labels, and surface chemistry, will dramatically
accelerate innovation of ACPO products.” Larick will play a key
role during the transition and will stay with Esperia Holdings
LLC as chief operating officer.
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Ayala (Philippines) acquires controlling stake of Qualimed
Ayala Healthcare Holdings, Inc. (AC Health) through Healthway Philippines
Inc. (HPI), has signed agreements to acquire a controlling stake of Mercado
General Hospital, Inc. (Qualimed), which owns or has interests in the
Qualimed Health Network. The addition of Qualimed expands the AC Health
clinic and hospital portfolio, housed under Healthway Philippines Inc. This
includes all family, specialty and corporate clinics, which earlier this year were
integrated under one Healthway brand. With the acquisition, AC Health will
now have four general hospitals, more than 85 outpatient clinics, and about 80
corporate clinics, as well as the country’s first cancer specialty hospital which
the company announced previously. The Qualimed Health Network includes 4
hospitals: Qualimed Sta. Rosa located in Nuvali, Qualimed San Jose Del
Monte in Bulacan, Qualimed Iloilo in Iloilo City, and Daniel O. Mercado
Medical Center in Tanauan, Batangas. In addition, Qualimed also operates an
ambulatory surgical center in UP-PGH, and has clinics in Makati, Quezon City
and in Cebu IT Park.
“We have always believed in Qualimed’s vision to deliver accessible and
affordable healthcare to Filipinos. Over the past few years, we have built a
strong partnership between Qualimed and Ayala Land and we are delighted
to integrate Qualimed into AC Health’s growing portfolio. The COVID-19
pandemic has renewed the Ayala Group’s commitment to invest in
healthcare, and with this investment, we will be better positioned to
provide much-needed healthcare services for the country,” said Chairman
of the Board of AC Health.
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Leaps by Bayer (Germany) leads USD 105 million Series B financing in Senti Bio to develop
next-generation cell and gene therapies using advanced gene circuit technology platform
Leaps by Bayer and Senti Biosciences, Inc., (Senti Bio) a leading gene circuit company,
announced a USD 105 million Series B financing round. The financing was led by Leaps by
Bayer, the impact investment arm of Bayer AG. Additional investors included Matrix
Partners China, Mirae Asset Capital, Ridgeback Capital and Intel Capital as well as existing
investors, including New Enterprise Associates (NEA), 8VC, Amgen Ventures and Lux
Capital. Senti Bio is at the forefront of using synthetic biology to engineer gene circuits that
improve cell and gene therapy products. A gene circuit is an assembly of multi-component
genetic constructs specifically designed to program cells to interact with the body’s complex
environment using logic to perform desired therapeutic functions. Senti Bio uses these gene
circuits to create “smarter” cell and gene therapies with enhanced therapeutic properties that
aim to increase efficacy, precision and control. Senti Bio is applying its gene circuit
technology platform to develop an internal therapeutic pipeline of allogeneic chimeric
antigen receptor natural killer (CAR-NK) cells. Senti Bio’s lead development candidates
include next-generation allogeneic CAR-NK cell therapies: SENTI-202 for acute myeloid
leukemia (AML), SENTI-301 for hepatocellular carcinoma (HCC), and additional
candidates for other undisclosed solid tumor targets.
“Leaps by Bayer’s mission is to invest in breakthrough technologies that may transform
the lives of millions of patients for the better,” said MD, Head of Leaps by Bayer. “We
believe that synthetic biology will become an important pillar in next-generation cell and
gene therapy, and that Senti Bio’s leadership in designing and optimizing biological
circuits fits precisely with our ambition to prevent and cure cancer and to regenerate lost
tissue function.”
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Bombardier (Canada) Announces Completion of Previously Announced Acquisition
and Gains Full Ownership of Aircraft Service Centre in Berlin
Bombardier announced the completion of the previously announced acquisition of all the
issued and outstanding shares of the aircraft service centre in Berlin that it did not own.
Bombardier purchased the shares from Lufthansa Technik AG and ExecuJet Aviation Group
AG, thereby allowing Bombardier to establish a wholly-owned service centre in Berlin and
further expand its worldwide customer support footprint. Strategically located at Berlin
Brandenburg Airport, the service centre has been providing exceptional MRO services to
Bombardier business aircraft customers since 1997. With more than 160,000 sq. ft. (15,000
sq. metres) of service capacity and 240 highly-skilled employees on site, the service centre
provides customers with the highest-level maintenance and support for Bombardier’s
growing fleet of Learjet, Challenger and Global business jets based in Europe, Russia, Africa
and the Middle East. The service centre has received several awards for its technical
excellence and customer satisfaction, thanks largely to an experienced and dedicated
workforce. Among its many milestones, it was the first in Europe to perform maintenance on
Bombardier’s flagship Global 7500 aircraft. The state-of-the-art service centre recently
modernized and transformed its shop floor to maximize efficiencies and streamline
processes, providing customers with an unsurpassed service experience.
“We welcome the highly talented employees of the Berlin Service Centre to the
Bombardier service network,” said Vice President, OEM Parts and Services,
Bombardier. “We value their expertise and customer focus – as part of the Bombardier
team, they will continue to provide best-in-class aircraft maintenance services to our
valued operators of Bombardier business aircraft.”
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CNH Industrial (UK) Completes The Acquisition Of Four Divisions Of Ceg In South
Africa
CNH Industrial N.V. announces that it has successfully concluded the deal to
acquire the four businesses from CEG, a business unit of Humulani Marketing
Pty Ltd, ultimately owned by Invicta Holdings Limited. The businesses to be
acquired from CEG are: Case IH distributor Northmec; CASE Construction
Equipment distributor CSE; spare parts distributor NHSA; and spare parts and
implements distributor Landboupart. While these four divisions will continue
to do business under their established market identities, they are now an
integral part of CNH Industrial and will continue to support the Company’s
dealer network and end users with their in-depth and longstanding knowledge
of the local market. The transaction enables CNH Industrial to consolidate the
distribution of Case IH Agriculture, CASE Construction equipment and
aftermarket services in South Africa. It will allow the Company to provide an
enhanced customer experience throughout the entire pre-and-after sales cycle,
and strengthen its position to further develop its presence in the region.
“The Republic of South Africa is one of the most important markets for
CNH Industrial on the Continent. This investment is testament to our
confidence in the agriculture and construction markets’ potential. It also
speaks to our commitment to growth in the Country, as well as across the
wider southern Africa region,” said Head of Agriculture and Construction,
CNH Industrial South Africa and Southern African Customs Union. “The
new consolidated distribution and service structure will enable us to be
more agile and responsive to the specific needs of local customers,
strengthening all-round support and ensuring our product offering
perfectly matches their specific requirements.”
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Dover (USA) Announces Acquisition Of Innovative Control Systems, Inc., A Leading
Provider Of Vehicle Wash Site Management Solutions
Dover announced that it has completed the acquisition of Innovative Control
Systems, Inc. (“ICS”), a leading provider of car wash controllers, payment
terminals, point-of-sale and wash site management software solutions. ICS is now
part of Dover’s Fueling Solutions segment. Headquartered in Bethlehem,
Pennsylvania, and employing more than 150 people, ICS has served the carwash
industry for over 30 years. ICS is recognized in the marketplace for its strong
engineering and reliability, high levels of customer service, and innovative
solutions. The addition of ICS expands Dover’s participation in the
secularly-growing vehicle wash market and enhances Dover’s offerings, business
mix and recurring revenue stream with high-value hardware and software
solutions critical to vehicle wash workflows and operations. A scaled-up vehicle
wash platform within Dover is expected to drive growth and efficiencies by
cross-leveraging Dover’s and ICS’ go-to-market channels in vehicle wash and
convenience retail markets, as well as aftermarket support infrastructure.
“This acquisition is fully aligned with the growth strategy we outlined during
our analyst and investor meeting focused on Dover’s Fueling Solutions
segment in November 2020. With the increasing popularity of automatic car
washes among convenience retailers and independent operators, we continue
to view the broader vehicle wash solutions market as an attractive and logical
adjacency for our Fueling Solutions segment,” said, Dover’s President and
Chief Executive Officer.
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Fluor (USA) Announces New Business Segments and Intent to Divest Its
Maintenance Services Business
Fluor Corporation announced an updated organizational and reporting structure that better aligns its business with identified growth
markets and company strategy. Beginning in the first quarter of 2021, Fluor will conduct its operations in three business segments:
Energy Solutions, Urban Solutions and Mission Solutions. Energy Solutions, led by Jim Breuer, will be focused on energy
transition, chemicals and traditional oil and gas opportunities. Urban Solutions, led by Terry Towle, will pursue opportunities in
mining, metals, advanced technologies, manufacturing, life sciences, infrastructure, and will include Fluor’s professional staffing
(TRS) unit. Mission Solutions, led by Tom D’Agostino, will be primarily focused on delivering solutions to federal agencies across
the U.S. government and to select international opportunities. Additionally, Fluor has also established two newly-consolidated
functional organizations: Project Execution, led by Mark Fields, and Corporate Development and Sustainability, led by Al Collins.
As a result of our strategic review, we have determined that maintenance services no longer fits within Fluor’s core service portfolio.
Therefore, the company is initiating plans to sell Stork. Additional information will be provided at our January 28 Strategy Day
event.
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Huntington Ingalls Industries (USA) Expands Unmanned Capabilities By Acquiring
Autonomy Business from Spatial Integrated Systems
Huntington Ingalls Industries announced that it has acquired the autonomy business of Spatial Integrated
Systems Inc. (SIS). The acquisition further expands HII’s unmanned systems capabilities with this highly
skilled team and proven unmanned surface vessel (USV) solutions. SIS’s unmanned systems solutions —
including multi-vehicle collaborative autonomy, sensor fusion and perception — have been fielded for
more than 6,000 hours on 23 vessel types. They have supported multiple development projects and
demonstrations advancing autonomy in unmanned systems in the maritime, ground and air domains. SIS’s
solutions are actively in use throughout the Department of Defense, coordinating and controlling multiple
collaborative unmanned vehicles in the execution of mission applications including intelligence,
surveillance, and reconnaissance, harbor patrol, high value unit escort missions, payload delivery, mine
clearance, and transporting supplies. SIS’s intelligent, goal-oriented USV solutions follow Unmanned
Maritime Autonomy Architecture standards and integrate proven obstacle avoidance and International
Regulations for Preventing Collisions at Sea-compliant behaviors. The acquisition of SIS’s autonomy
business follows other recent unmanned systems activity by HII, including the acquisition of Hydroid, a
strategic alliance with Kongsberg Maritime, an equity investment in Sea Machines, and the groundbreaking
on a new HII Unmanned Systems Center of Excellence in Hampton, Virginia. The transaction closed on
Dec. 31, 2020 and approximately 50 employees from SIS, primarily located in Virginia Beach, Virginia,
have joined HII Technical Solutions’ Unmanned Systems business group. Sam Lewis, president and chief
operating officer of SIS, will lead the company’s USV efforts, reporting to Fotheringham. The cost of the
transaction is not being disclosed.
“We are excited to welcome the SIS autonomy business employees to the HII family,” said HII
executive vice president and president of Technical Solutions. “2020 was a significant year for HII in
the unmanned systems industry, and this acquisition is the perfect complement to our existing portfolio
and strategic partnerships.”
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Huntsman (USA) Completes the Sale of Shares in Venator Materials PLC
Huntsman Corporation announced that it has completed the sale of
approximately 42.4 million ordinary shares of Venator Materials
PLC to funds advised by SK Capital Partners, LP. The Company
received approximately $100 million in cash, which includes $8
million for a 30-month option for the sale of the remaining
approximate 9.7 million ordinary shares held by Huntsman at $2.15
per share. Together with immediate cash tax savings of
approximately $150 million from offsetting the capital loss on the
sale of Venator shares against the capital gain realized on the sale of
our chemical intermediates and surfactants businesses that closed in
early January of this year, Huntsman secured an aggregate total
related benefit of approximately $250 million in cash this year.
CEO and Chairman, commented, "We are pleased to have
completed this transaction before year end enabling us to reduce
our current tax obligations by $150 million. Venator has a bright
future as Tio2 markets strengthen and the business continues to
improve. I am confident that SK Capital has the capacity to even
further enhance Venator's prospects."
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PPG (USA) to Acquire Global Coatings Manufacturer Wörwag
PPG announced that it has reached a definitive agreement to acquire
Wörwag, a global manufacturer of coatings for industrial and
automotive applications. The transaction is expected to close in the
first half of 2021, subject to customary closing conditions. Wörwag
is a family-owned company headquartered in Stuttgart, Germany,
founded in 1918. The company employs about 1,100 people
globally and its full year 2020 revenue is expected to be
approximately 220 million euros. The company specializes in
developing sustainable liquid, powder and film coatings. Wörwag
operates locations in Germany, the U.S., China, South Africa,
Mexico, Spain, Switzerland and Poland.
“Wörwag’s industry expertise in powder and liquid coatings for
industrial and automotive applications is highly complementary
to PPG’s business, and will help to further expand our product
offering,” said PPG executive vice president. “The addition of
Wörwag will also enhance PPG’s waterborne, direct-to-metal,
liquid and powder coatings offerings, and allow us to further
expand current customer distribution in key geographies.”
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Sandvik (Sweden) completes the acquisition of CGTech
Sandvik has completed the previously announced acquisition of US
based CGTech, a global market leader in software for numerical
control (NC/CNC) simulation, verification and optimization. In
2019, CGTech had revenues of about SEK 470 million and around
180 employees. The deal will initially have a neutral impact on
Sandvik’s earnings per share. CGTech will be part of Sandvik
Machining Solutions’ division Sandvik Coromant, within the
business area Sandvik Manufacturing and Machining Solutions.
Sandvik is a high-tech and global engineering group offering
products and services that enhance customer productivity,
profitability and safety. We hold world-leading positions in
selected areas – tools and tooling systems for metal cutting;
equipment and tools, service and technical solutions for the
mining industry and rock excavation within the construction
industry; products in advanced stainless steels and special alloys
as well as products for industrial heating. In 2019, the Group had
approximately 40,000 employees and revenues of about 100
billion SEK in more than 160 countries within continuing
operations.
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Sandvik (Sweden) invests in leading AI-powered manufacturing software provider
Oqton
Sandvik has acquired a minority stake in the privately owned American
software company Oqton, a leading provider of AI-powered manufacturing
solutions that allows manufacturers to manage, optimize, and automate
their manufacturing workflows. Oqton provides a secure end-to-end
cloud-based manufacturing platform that links data across the complete
manufacturing ecosystem, from design to production, to logistics. Their
open and agnostic cloud-based platform enables manufacturers to operate
agile factories and manage complex product mixes, with lower inventory
and a simplified supply chain. Founded in 2017, Oqton has 60 employees,
the corporate base in San Francisco, USA, and three R&D centers located
in Belgium, Denmark and China. The relationship with Oqton will be
managed by Sandvik Manufacturing Solutions’division Design & Planning
Automation, within the business area Sandvik Manufacturing and
Machining Solutions. The amount of the investment was not disclosed.
“This investment is in line with our strategic agenda to broaden our
offering in digital manufacturing. We are looking forward to working
with Oqton and finding ways to expand our offering for increased
customer productivity by creating new products that take advantage of
Sandvik’s extensive know-how about manufacturing processes and
Oqton’s AI-powered manufacturing solutions”, says President and CEO
of Sandvik.
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Transdigm (USA) Completes Acquisition Of Cobham Aero Connectivity
TransDigm Group Incorporated announced it has completed substantially all of its acquisition of Cobham Aero Connectivity
("CAC" or "the Company"). The acquisition of CAC for an aggregate purchase price of $965 million (including tax benefits to be
realized by TransDigm) was previously announced on November 24, 2020. The acquisition was financed through cash on hand.
Cobham Aero Connectivity is headquartered in Marlow, UK. CAC is a leading provider of highly engineered antennas and radios
for the aerospace end market. The products are primarily proprietary with significant aftermarket content and have a strong presence
across major defense platforms as well as select commercial applications. The Company generated approximately $225 million in
revenue for the fiscal year ended December 31, 2020. Nearly 60% of CAC's revenue is derived from international sales and over
70% of CAC's revenue comes from the aftermarket. The Company has a strong presence across a diverse range of both helicopters
and fixed wing aircraft. The Company operates from two primary facilities in Marlow, UK and Prescott, Arizona. CAC employs
approximately 760 people. A portion of the CAC acquisition representing approximately 2% of the total purchase price remains
subject to Finnish regulatory approval and is expected to close in the coming weeks.
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Solutions Updates
Manufacturing Industry

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European space and digital players to study build of EU’s satellite-based
connectivity system
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Solution Description
The European Commission has selected a consortium of European satellite manufacturers, operators and service providers, telco operators and launch service providers to study
the design, development and launch of a European-owned space-based communication system. The study will assess the feasibility of a new initiative aiming to strengthen
European digital sovereignty and provide secure connectivity for citizens, commercial enterprises and public institutions as well as providing global coverage for rural and
‘not-spot’ areas. Complementing Copernicus and Galileo, this new EU flagship programme, once given the green light, would fully exploit the synergies of the technological
potential akin to the Digital and Space industries. The contract value of the year-long feasibility study amounts to € 7.1 million. The European space-based connectivity system,
advocated by Commissioner Breton, is set to provide secure communication services to the EU and its Member States as well as broadband connectivity for European citizens,
companies and mobility sectors, strengthening EU digital sovereignty. It will build upon the European Union’s GOVSATCOM programme of pooling and sharing satellite
services, and will ensure a high level of reliability, resilience and security not currently available in the market; it will also leverage the EuroQCI initiative that promotes
innovative quantum cryptography technology. More specifically, the study phase awarded by the European Commission will consolidate the user and mission requirements and
provide a preliminary architectural design and service provision concept, as well as associated budgetary estimates. A Public-Private Partnership (PPP) scheme will be
considered and assessed during this phase. The study will look at how the space-based system could enhance and connect to current and future critical infrastructures, including
terrestrial networks, strengthening EU capability to access the cloud and providing digital services in an independent and secure way, which is essential for building confidence
in the digital economy and ensuring European strategic autonomy and resilience. It will leverage and strengthen the role of satellites in the 5G ecosystem, assessing
interoperability whilst also taking into account the evolution towards upcoming 6G technologies.

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Airbus (Netherlands) -built CSO-2 French military Earth observation
satellite launched successfully
19
Airbus-built CSO-2 (Composante spatiale optique) Earth observation satellites for the French Armed Forces, has been successfully launched on a Soyuz
launcher from the Kourou European Spaceport in French Guyana. CSO-2 is the second of the three-satellite CSO constellation, which will provide extremely
high resolution geo information intelligence to the French Armed Forces and to its partners in the frame of the MUSIS cooperation programme (Multinational
Space-based Imaging System for surveillance, reconnaissance and observation). The CSO satellites are equipped with a very agile pointing system and are
controlled via a secure ground control operations centre. The constellation will offer 3D and very high resolution imaging capability, in visible and infrared
bandwidths, enabling acquisition during night and day and maximize the operational use. The CSO-2 satellite, identical to CSO-1, will however be placed
on a lower polar orbit at 480 km altitude, to fulfil the identification mission of the programme. As prime contractor for the CSO satellites programme, Airbus
has provided the agile platform and avionics, and was also responsible for the integration work, testing and delivery of the satellite to CNES. Thales Alenia
Space provided Airbus with the very-high resolution optical instrument. The satellite's tremendous agility and stability enable it to quickly provide users with
extremely high-quality images from the Thales Alenia Space instrument, even for the most complex acquisition schedules. Airbus has built on the decades
of experience innovations and success which led to Helios 1, Pleiades, and Helios 2, and also made use of the latest generation of gyroscopic actuators, fibre
optic gyroscopes, on-board electronics and control software to optimise weight and inertia and significantly increase the pointing speed.

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All Nippon Helicopter’s H160 completes first flight
20
All Nippon Helicopter’s (ANH) H160 has performed its first flight test, a 95-minute flight at the Marseille Provence Airport. This successful
maiden flight paves the way for the aircraft’s entry into service in Japan. ANH deploys a helicopter fleet comprising six AS365s and five H135s
for electronic news gathering for the TV stations across Japan. This H160 will replace one of its AS365s. The H160 was granted its type certificate
by the European Union Aviation Safety Agency (EASA) in July 2020, with the certification from the Japan Civil Aviation Bureau (JCAB) expected
in early 2021. Upon delivery of the helicopter, specialised equipment installation and customisation will be performed at Airbus Helicopters’Kobe
facility, before its entry into service. Japan’s electronic news gathering market is a mature market with 87 helicopters dedicated for such missions.
Close to 70% of these helicopters are manufactured by Airbus, with the H125, AS365, H135 and H155 platforms commonly used by the operators.
With the imminent introduction of the H160, which is equipped with additional safety features from the Helionix’s accrued pilot assistance, this
helicopter will bring added leverage to the operator. Designed as a multi-role helicopter capable of performing a wide range of missions such as
offshore transportation, emergency medical services, private and business aviation, as well as public services, the H160 integrates Airbus’ latest
technological innovations. The helicopter provides passengers with superior comfort thanks to the sound-reducing Blue Edge blades and superb
external visibility that benefits both passengers and pilots.

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Alstom (France) deploys its first APS ground-level power solution in
Turkey for Eminonu- Alibeykoy Tramway Line
21
Alstom has recently deployed its APS system, a ground-level continuous power supply system, to the 10.1-km long Eminonu- Alibeykoy tramway line
which consists of 14 stations. The 9-km section between Balat- Alibeykoy of the tramway line, which was inaugurated on 1 January 2021, will reduce
the footprint of light rail lines and preserves the aesthetics of urban environments. With APS, which is applied for the first time in Turkey, the power
will be supplied to the tram through a segmented street-level power rail instead of catenary system. The conductive segments are activated only when
fully covered by the tram, ensuring total safety for pedestrians and other road users. The power is picked up by contact shoes located under the vehicle,
on the tram’s central bogie. APS helps preserve the beauty of the urban environment while guaranteeing the same performance as overhead contact
lines. Trams running on APS can also incorporate overhead line equipment and/or traction batteries, with simple and easy transition between power
sources. If a line is extended, it is easy to extend the APS system with it. In 2014, Alstom delivered and commissioned the world’s first 100%
catenary-free tramway system in Dubai, UAE. The system is currently under operation in eleven cities on four continents with around 50 million
kilometers travelled by trams on APS. Alstom has been present in Turkey for over 60 years. Its Istanbul office serves as the regional headquarter for
the AMECA region and a regional center for Alstom Digital Mobility (ADM) as well as System & Infra projects. Activities of the Regional Center
include bid management, project management, engineering, sourcing, training and maintenance services among many others.

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Alstom (France) introduces Citadis X05 trams to Kaohsiung
22
Alstom’s Citadis X05 trams have entered passenger service on the South Circular Light Rail line of Kaohsiung City in Taiwan. This launch follows their smooth
operations on the existing first phase of Kaohsiung’s circular light rail line since early November 2020. Alstom has been responsible for the design, delivery and
commissioning of 15 Citadis X05 new-generation trams, power supply and energy storage equipment, which are fully interoperable with the city’s current network and
planned extension. These are not only Alstom’s first trams operating in Taiwan, but also mark the inaugural Asian launch of its latest evolution of the Citadis range.
Passengers have been placed at the heart of the development of this new vehicle, with the emphasis on on-board mobility and comfort. The trams are fitted with a full
low floor and double doors for improved passenger circulation and accessibility for all, large bay windows, ambient LED lighting, ergonomic and spacious seats, as well
as large passenger information screens. To integrate seamlessly and safely into the Kaohsiung cityscape, the Citadis trams run autonomously thanks to the Autonomy
charging solution, combined with the Citadis Ecopack system of energy storage and catenary-free recharging system at each station. The trams also boast several new
technologies, including permanent magnet motors for higher efficiency, as well as optimised HVAC (heating, ventilation and air-conditioning), which together reduce
their energy consumption by 25%. Simplified sub-system integration and maintenance decrease lifecycle costs, while the trams are 97% recyclable. The trams were
manufactured at eight Alstom sites in France: La Rochelle for the design and assembly, Aix en Provence for the safety control system, Le Creusot for the bogies, Ornans
for the motors, Tarbes for the traction system equipment, Valenciennes for the interior design, Villeurbanne for the on-board electronics, and Vitrolles for the on-board
power supply switching boxes (Citadis Ecoswitch). Sesto in Italy was also involved for the traction system equipment, while the team in Taiwan is responsible for the
onsite testing, training and warranty services.

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Alstom (France) innovates towards a sustainable future for rail transport &
mobility in Saudi Arabia
23
Alstom, a global leader in rail transport and sustainable mobility, is proving to be a key supporter and facilitator of Saudi Arabia’s goal to comprehensively enhance the
interconnectivity of the Kingdom and the development of major rail and metro projects, in line with its Vision for 2030. Having been an integral part of Saudi Arabia’s
history for almost 70 years, Alstom is now proudly playing a pivotal role in shaping the future of transport systems and infrastructure in the Kingdom, by delivering
best-in-class mobility solutions and projects. In alignment with the Kingdom’s overall growth and in response to the ever-increasing public demand for the expansion of
land transportation services, Saudi Arabia has continuously reiterated its commitment to developing an additional 10,000km of rail and metro by 2030. A key factor in
this commitment is the country’s ambition to lead the way in reducing transport emissions, relieving traffic congestion, improving residents’ health and quality of life,
and progressively decarbonising rail transit in the Middle East. By 2024, Saudi Arabia is expected to have spent over $48bn on rail projects throughout the Kingdom. At
the forefront of this major investment in rail transport is the Riyadh Metro: the largest single-phase metro system project ever launched in the world. An ongoing project,
the Riyadh Metro’s lines 4, 5 and 6 have been built from scratch by Alstom and its civil partners, as part of the FAST consortium, and the fully integrated metro system
is set to provide comprehensive, citywide, mass-transit coverage. Alstom has supplied 69 Metropolis™ -based Riyadh Metro trains and an Urbalis signalling system. As
a leader in the improvement of environmental performance of rail across the region, Alstom has also implemented highly advanced and innovative HESOP™ (Harmonic
Energy Saver) technology in the project. HESOP™ recovers the electrical energy generated by trains during braking, which, in addition to reducing operational costs,
will cut about 3 million kilograms of carbon emissions and decrease power consumption by 6.6 million kilowatts per annum.

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Asahi Kasei(Japan) opens CoCo-CAFE digital laboratory
24
Asahi Kasei opened CoCo-CAFE, a digital laboratory for accelerating digital transformation (DX) through internal and external connections, on January 5, 2021, in Minato Ward,
Tokyo. Asahi Kasei recognizes the importance of creating new value through internal and external connections in order to accelerate DX. By bringing together digital personnel from
marketing, R&D, and manufacturing technology functions, CoCo-CAFE will promote internal and external exchanges for enhancement of DX platforms and creation of new
businesses. In particular, CoCo-CAFE will serve as a venue for the following activities:
Challenges for new business creation and co-creation
CoCo-CAFE allows our digital professional personnel and business leaders to join together to tackle challenges of new business creation. It also enables co-creation with various
outside partners from industry, academia, and government bodies.
High-level utilization, verification, and experience of digital technology
By providing a digital twin environment with high-level integration of cyberspace and physical space, new business styles utilizing digital technology will be developed and verified,
including remote support for plant operations in distant countries. Furthermore, actual experience using various demonstration devices utilizing digital technology will enable the
creation of ideas for new value.
DX training for general employees
Advancement of DX requires not only nurturing digital professional personnel but also providing DX training to employees in general. Through “DX Internship” for employees from
around the Asahi Kasei Group, we will systematically nurture and expand employees well-versed in matters associated with DX.

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Asahi Kasei (Japan) to build a second plant for Ceolus™ microcrystalline
cellulose
25
Asahi Kasei's Specialty Solutions SBU will build a second plant for microcrystalline cellulose (trade name Ceolus™) at its Mizushima Works in
Kurashiki, Okayama, Japan. Asahi Kasei currently manufactures Ceolus™, a microcrystalline cellulose used primarily in pharmaceuticals as tablet
binder, in Nobeoka, Miyazaki, Japan. Besides the standard-type product PH series, Ceolus™ has a lineup of KG series that greatly enhances the
compactibility of tablets, and UF series that combines compactibility and flowability. These products provide solutions to a wide range of issues
in the production of tablets for pharmaceuticals and supplements. By using the KG series, tablets can be produced stably even when the amount of
tablet binder that can be added is small, such as when tablets contain a large amount of active pharmaceutical ingredient (API) or when multiple
APIs are formulated in a single tablet. The UF series realizes stable production of tablets as well as the uniformity of contained API in tablets,
which depend on the excellent flowability of the product. In recent years, demand for proprietary KG and UF series products has increased, and
further growth in demand is expected in the future. To meet such growing demand, Asahi Kasei has decided to make a capital expenditure to double
the production capacity and achieve a stable supply through multiple production sites. This expansion will enable Asahi Kasei to meet the needs
of the pharmaceutical and supplement industries and to contribute to life and living for people around the world.

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BASF (Germany) starts global registration for new and environmentally
friendly insecticide active ingredient
26
BASF has started the global registration for a new insecticide active ingredient. The company submitted the regulatory dossiers for the Axalion™
insecticide in Australia and Korea. This step marks a key milestone in further expanding BASF’s global insecticide portfolio and the company’s
position in providing sustainable innovations for agriculture. Further regulatory dossier submissions are planned for the European Union, Brazil
and India in 2021 as well as other key markets in the coming years. Axalion is the sole representative of a unique class of chemistry discovered by
BASF. With its novel mode of action and its ability to spread within the plant, it will offer farmers highly efficacious control of many problematic
piercing and sucking insect pests, including whiteflies and aphids, that can cause devastating yield losses and subsequently revenue. Axalion
quickly stops insect pests from feeding. This reduces nutrient loss for the plant and prevents the pests from transmitting diseases, resulting in
healthier plants and optimal yields with higher quality. At the same time, extensive testing by BASF has demonstrated that proposed uses of
Axalion are environmentally friendly with regard to soil and water organisms, beneficial insects including pollinators as well as birds. Axalion
will be registered for use in a broad range of crops in the fruits and vegetable markets, including grapes and potatoes. Additional row crop uses
extend to soybeans and other legumes, cotton and cereals. The high-performing insecticide will also be available to flower and ornamental
producers.

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Latitude 33 Aviation Proudly Adds Another New Bombardier (Canada)
Challenger 350 Business Jet to its Fleet
27
Bombardier and Latitude 33 Aviation are pleased to announce the recent delivery of a brand-new Challenger 350 business jet, which
will be available for charter out of the U.S. West Coast. Latitude 33 Aviation, a private jet charter, executive jet management, and
aircraft sales and acquisitions company based in California, will manage the Challenger 350 business jet out of San Diego on behalf
of the aircraft owner. The aircraft will be available for charter starting in January 2021. The Challenger 350 aircraft holds the coveted
title of best-selling super-midsize business jet for six consecutive years, and is growing increasingly popular in California. In fact,
from 2017 until the third quarter of 2020, the Challenger 350 business jet accounts for 60 per cent of super-midsize deliveries in that
state, outperforming all of its competitors combined. Latitude 33 Aviation manages one of the newest and largest fleets of light,
midsize and super-midsize aircraft in North America. The Challenger 350 aircraft continues to take center stage and to be the
preferred choice for Latitude 33 Aviation’s luxury travel experiences. A force in the business jet industry, the Challenger 350 aircraft
strengthens its position year after year with enhancements and upgrades to its winning combination of performance and cabin
experience. Among pilots, the Challenger 350 aircraft is recognized as being agile, reliable and a pleasure to fly.

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Celanese (USA) To Build World Class Liquid Crystal Polymer Plant In
China
28
Celanese Corporation a global chemical and specialty materials company, announced its intent to build a world-scale,
multi-phase Liquid Crystal Polymer (LCP) polymerization plant in China to support the significant growth in its high-value
Vectra® and Zenite® LCP product lines. Site selection is underway, and Celanese is considering both existing and greenfield
locations to place its new LCP facility. The total scope of the investment is intended to support approximately 20 kilotons of
LCP production per year with the first phase of the project expected to come on-line in 2024. The addition of LCP
polymerization capacity in China will make Celanese the only LCP producer with assets in both Asia and the Western
Hemisphere, giving the company the unique ability to work closely with customers in multiple regions. Celanese currently
has LCP polymerization capability in Shelby, North Carolina, and LCP compounding in North America, Europe and China.
Vectra® and Zenite® LCP is a family of halogen-free, high-performance polymers that provide high-temperature
performance in eco-friendly, thin-wall applications with exceptionally precise and stable dimensions.

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Cummins (USA) releases new 60% quieter RV inverter generator
29
Cummins Inc. Cummins Power Systems, a division of Cummins Inc., announced the release of the Onan QG 2800i and
2500i, a new family of gasoline and liquid propane (LP) generator sets for the recreational vehicle market. The units are
ready for immediate order as of January 4, 2021. The Onan QG 2800i and 2500i are 2.8 kW and 2.5 kW inverter-based
generator sets made primarily for Class B and truck campers. This new generator family also includes a gasoline EVAP
model, making it available for towable applications. Unlike the previous fixed-speed models, these generators can vary
their engine speed to only run as fast as needed. This means a nearly 50% improvement on fuel consumption, less noise,
and (due to the inverter) cleaner power for sensitive electronics. “Our customers are not only getting a quieter and more
efficient generator, but it is also easier to operate and maintain, with fewer required maintenance checks,” said Cummins
National Sales Leader. “It is also 9% lighter, and because we moved to electronic fuel injection, fuel varnishing issues are
eliminated.”

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Doosan Heavy Industries & Construction (South Korea) Enters the
Next-Generation Printed Circuit Heat Exchanger Market
30
Doosan Heavy Industries & Construction is penetrating the market for printed circuit heat exchangers (PCHE), the so-called next-generation heat
exchangers. The company announced on December 23 that it had secured the core technology for flow path design and the process technology and had
recently installed a 600 ton hot press, which has the capacity to manufacture large PCHEs. A heat exchanger is a device designed to exchange heat between
two or more fluids (such as water, air, hydrogen, nitrogen) for the purpose of either cooling or heating the fluid. A PCHE is an upgraded heat exchanger that
is built by having the photochemical machining process applied to create microchannel flow paths into a flat plate, with the plates then being stacked together
and diffusion bonded. A PCHE boasts of a minimum 90 percent improvement in heat exchanging efficiency compared to the conventional tube heat
exchangers as it can be manufactured into a compact size that is one-tenth the size of conventional heat exchangers or even smaller. Moreover, it uses
high-grade materials, such as stainless steel and superalloys, so that it can withstand even harsh operating conditions such as ultra-high temperatures reaching
up to 900℃ and ultra-high pressure of up to 1500 bar. The demand for the compact-size PCHE is expanding in various fields owing to its advantage of
enabling heat exchange in limited spaces. Doosan was recognized for its superior technology when winning an order for a PCHE prototype to be installed at
a domestic hydrogen charging station. The company is now preparing the supply for follow-up projects. Furthermore, the recent installation of the 600 ton
hot press has led to the winning of new orders to manufacture a PCHE for gas turbines and a large-sized PCHE for ITER (International Thermonuclear
Experimental Reactor).

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Doosan Bobcat (South Korea) Invests in a US Company with Core
“Unmanned Solutions”
31
Doosan Bobcat announced that it had signed an equity investment agreement with Ainstein, a venture business based in Kansas, USA, to develop 'radar
sensors', the key component of unmanned solutions. Ainstein develops and manufactures radar sensors required for air mobility such as drones, and
autonomous, self-driving of automobiles. The company has established a competitive edge over its main rivals as it possesses both the hardware and
software development capabilities needed to continue improving the performance of its sensors. Having already maintained a strategic cooperative
relationship since 2018, Doosan Bobcat and Ainstein executed a contract to promote the joint development of radar sensor technologies required for the
automation of construction equipment in April 2020. Doosan Bobcat decided to make an equity investment in Ainstein in a bid to accelerate the
development of unmanned vehicle technologies based on a more stable long-term partnership between the two companies. Unmanned technology is
growing rapidly not only for automobiles but also for construction/compact equipment, whose commercialization looks imminent. Doosan Bobcat's
strategy is to occupy the unmanned solution market early on with preemptive investments. Doosan Bobcat has established its position as the leader of
the global compact construction equipment market by aiming itself with innovative technologies such as the commercialized version of Max Control,
Apple’s remote control technology based on its mobile operating system (iOS) – a notable achievement that Doosan Bobcat accomplished in 2019 for
the first time in the global construction industry.

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Blackmer Releases New System One High Temperature Series Centrifugal
Pumps
32
Blackmer, part of PSG, a Dover company, and a global leader in specialty pumps and reciprocating compressor technologies, is pleased to announce
the launch of its new System One® High Temperature Series Centrifugal Pumps. Utilizing high-temperature flanges and elastomers, as well as a unique
centerline mount that further supports high temperatures, System One High Temperature Series pumps are able to exceed the 400°F (204°C) standard
temperature limit of conventional centrifugal pumps. This combination of design features allows the System One High Temperature Series to support
safe and reliable transfer of critical and valuable fluids in a wide variety of high-temperature applications, including thermal oils, petrochemical, heat
transfer, plastics, paper and more. The Blackmer System One High Temperature Series is pre-configured to meet temperature requirements of up to
450°F (232°C) with the 450°F Line, 650°F (343°C) with the 650°F Line and even 750°F (398°C) with additional configurations and factory
consultation. These pumps have been specifically designed to increase the temperature limits for Blackmer Frame A and Frame M centrifugal pumps
while offering the same mechanical advantages and proven design features that provide maximum reliability and long life. System One High
Temperature Series pumps offer capacities up to 1,400 gpm (5,299 L/min) and incorporate high temperature bushings, fasteners and paint. System One
High Temperature Series pumps are also backed by an industry-leading five-year power end performance assurance and a one-year mechanical seal
performance assurance.

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Swep Launches Bx4t Enabling A New Level Of Efficient Heat Exchange
33
SWEP, part of Dover announced the launch of the BX4T brazed plate heat exchanger (BPHE), the latest addition to the B4 sized range
for the refrigeration market. BX4T boasts a more compact design than existing economizers, making it perfect for variable refrigerant
flow (VRF), heat pumps and condensing units. The BX4T’s innovative design improves heat exchange efficiency with X-plates on
the front and back that give the unit structural stability while also serving as active heat transfer plates. This All-Active plate pack
maximizes the material utilization of the product, making it a highly competitive choice for demanding applications and narrow
temperature approaches. The BX4T is one of the newest models to join SWEP’s full range of BPHEs engineered to deliver the highest
COP and the lowest life-cycle cost. The segment includes the supermarket and transport application areas. ”The new BX4T provides
supreme economizer performance, especially in condensing units with EVI-technology. It is also small, yet flexible, which makes it
a particularly good selection for economizer applications focusing on VRF and heat pumps,” stated SWEP Segment Manager,
Refrigeration & AC. “This innovative BPHE is also extremely effective in reducing refrigerant hold-up volume, and its mechanical
design makes it suitable for high-pressure refrigerants such as R410A and R32.”

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Huntington Ingalls Industries (USA) Completes First Phase of Unmanned
Systems Center of Excellence Campus
34
Huntington Ingalls Industries has completed the first phase of its Unmanned Systems Center of Excellence with the construction of
a 22,000-square-foot facility. The first of two planned buildings on the 20-acre campus in Hampton, Virginia will be used to assemble
hull structures for Boeing’s Orca Extra Large Unmanned Undersea Vehicle (XLUUV) program for the U.S. Navy. Construction began
in September 2020, following a ground-breaking event with special guests, including Gov. Ralph Northam and other state and local
government officials. Structural development of the main facility, a 135,000-square-foot building, is scheduled to be complete by the
end of 2021. The purpose-built, state-of-the-art facility will be used for unmanned systems prototyping, production and testing.
Huntington Ingalls Industries is America’s largest military shipbuilding company and a provider of professional services to partners
in government and industry. For more than a century, HII’s Newport News and Ingalls shipbuilding divisions in Virginia and
Mississippi have built more ships in more ship classes than any other U.S. naval shipbuilder. HII’s Technical Solutions division
supports national security missions around the globe with unmanned systems, defense and federal solutions, and nuclear and
environmental services.

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Leonardo (Italy): EMERGE: a smart mobility and communications project
35
Leonardo is participating in ‘EMERGE’ - a smart mobility and communications project to develop technologies for the autonomous and assisted driving systems, to support
"every day" and "emergency" operations. The project, promoted by the MISE (Ministry of Economic Development) in collaboration with the Abruzzo Region, aims to develop
an intelligent mobility and assisted driving solution to support the operations of the Police Forces and Emergency Response. EMERGE will be attended by Leonardo,
RadioLabs which is the coordinator of the project, Elital, Telespazio and the University of L'Aquila. Leonardo is a technological partner of the EMERGE project and will
manage the communications between vehicles and the operations center, playing an important role as a system integrator for the communication system, and also managing its
cyber security. The project involves the development of a Cooperative Intelligent Transport System (C-ITS) platform, a new paradigm of smart mobility towards which the
European Union is moving. It is a type of assisted driving in which vehicles are supported by an operations center on the ground capable of collecting, managing, correlating
and interpreting various types of data, returning timely information to operators useful for carrying out ordinary or emergency activities. Part of the project, which started in
January 2020 and will end at the beginning of 2023, consists of equipping five vans with different technological equipment, which will transform them into real mobile sensors
capable of communicating with each other and with the operations center. The vans will be able to record and transmit authenticated data of various kinds, such as those relating
to traffic and any roadblocks. The EMERGE platform will include beyond-state-of-the-art technologies in terms of precise geolocation thanks to the intersection of data from
the multi-constellation GNSS satellite solutions developed by Telespazio. But it will also use innovative technologies in terms of connectivity, thanks to a Leonardo On Board
Unit for V2X (Vehicle to Everyone) communication capable of aggregating satellite channels managed by Telespazio and 5G ones. The collected data will be correlated and
filtered by the operations center which will make them dynamically available in cloud mode.

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Minebea (Japan) Mitsumi Installs Solar Power Generation Systems at Two
Major Plants in Thailand
36
MinebeaMitsumi Inc. has installed solar power generation systems made by Sharp Energy Solutions Corporation on the roofs of two production sites,
the Bang Pa-in plant (Ayutthaya Prefecture) and the Lopburi plant (Lopburi Prefecture), in Thailand. This will reduce annual CO2 emissions by
approximately 4,000 tons and reduce electricity costs by approximately 25.5 million baht. on January 15, we held an opening ceremony of solar panel
completion at our Bang Pa-in plant inviting Secretary General, Her Excellency Ms. Duangjai Asawachintachit from the Board of Investment
(BOI)(remote attendance) and Mr. Hideyuki Inada, Chief Executive Officer, Sharp Solar Solution Asia Co., Ltd. From MinebeaMitsumi, Tetsu
Shiozaki, Executive Officer, General Manager of Regional Affairs for Southeast Asia also attended the ceremony. Our Thai Operations is an important
base that accounts for more than 30% of our global production. We established the Ayutthaya plant (Ayutthaya prefecture) in 1980, and has continued
to expand Thai operations rapidly since then. Currently, it has expanded to 9 bases and about 32,000 employees. Centering on the Bang Pa-in and
Lopburi plants, we handle a wide range of products such as bearings, motors, and sensors. We have the largest number of employees among Japanese
companies operating in Thailand, and the cumulative total investment in Thailand to date is 100 billion baht. MinebeaMitsumi strongly focuses on the
reduction of greenhouse gas emissions under the Group's environmental policy. Starting from these two largest bases of the group as the first step, we
are planning to introduce solar power generation systems to our own bases around the world in the future.

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Lee County to Join Iowa Statewide Interoperable Communications System to
Improve Public Safety Operations within the County and Across the State
37
Lee County has signed a contract for an upgraded radio system that will allow it to connect to the Iowa Statewide Interoperable Communications
System (ISICS), a Project 25 (P25) land mobile radio network that enables first responders to communicate seamlessly and securely with one another,
even if they are outside of their normal areas of operation. After an RFP for a new 9-1-1 radio system was put out publicly, the county selected Motorola
Solutions, the provider of the ISICS system, for the upgrade. The need for the new system was identified during an evaluation by the county’s radio
consultant, Federal Engineering. Their audit showed the county’s aging VHF radio system was not meeting current public safety needs. The Motorola
Solutions contract includes the construction of a new tower, upgrades to two existing towers and use of an existing ISICS tower in Lee County. The
company will provide new dispatch consoles along with three years of service, maintenance and software upgrades as part of the main proposal. All
first responders in the county will receive new Motorola Solutions APX mobile and portable radios and digital pagers. The county expects the improved
interoperability through ISICS will be particularly valuable during times of natural disasters. The severe derecho that heavily impacted cities across the
state last August reaffirmed the importance of public safety communications that can withstand extreme weather conditions. The timeline for
deployment will be approximately two years due to construction of the new tower. County officials plan to get radios shipped, programmed and installed
sooner to take advantage of the ISICS coverage within the county .

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Motorola solutions (USA) Xcel Energy to Launch Initial Deployment of 900
MHz Wireless Private Broadband
38
Xcel Energy will use a new wireless telecommunications tool that can help the company respond more quickly to local electric outages
and support advanced grid ‘smart meters’ that will provide more information to customers about their energy use. The 900 MHz private
wireless broadband network will be installed at two existing Xcel Energy sites in Minneapolis. In addition to helping launch advanced
grid efforts, the network will allow Xcel Energy to provide cyber protection to critical infrastructure and could eventually be expanded to
support automated technology throughout metro and remote rural locations. The network will be developed by Motorola Solutions
(NYSE: MSI) using Anterix’s (NASDAQ: ATEX) 900 MHz spectrum. The availability of wireless broadband spectrum in the 900 MHz
band resulting from the FCC’s recent actions now allows critical infrastructure providers, such as Xcel Energy, to deploy private networks
that enable secure and resilient electric grids. Motorola Solutions’ LXN 7900 fixed LTE 900 MHz infrastructure, in combination with its
Citizens Broadband Radio Service (CBRS)-based Nitro™ network, will enable the seamless exchange of voice and data across private
LTE broadband and existing LMR networks. A future roll-out of a broader private LTE deployment could be accelerated by leveraging
Xcel Energy’s existing investments in LMR site locations and infrastructure to support existing and new grid-of-the-future applications.

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PPG (USA) Launches Traffic Solutions Business Following Ennis-Flint
Acquisition
39
PPG announced that it has established a new business unit called Traffic Solutions, following the company’s December
2020 acquisition of Ennis-Flint. The business unit will manufacture and supply a broad, global portfolio of
pavement-marking products, including paint, thermoplastics and other advanced technologies, to customers in
government, military, contracting, commercial infrastructure, engineering and architecture. The newly-formed
business unit will also partner with PPG’s mobility team to identify opportunities to supply innovative coatings to help
support infrastructure needs that enable autonomous driving and enhance future autonomous, connected, electric and
shared vehicle solutions. The Traffic Solutions business unit joins PPG’s Architectural Coatings, Aerospace,
Automotive Refinish, and Protective and Marine Coatings strategic business units as part of PPG’s Performance
Coatings reportable segment.

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Rockwell Automation (USA) Introducing the World’s First CIP Safety Over
Ethernet/IP Safety Light Curtain
40
Industrial companies can help protect personnel and equipment with new presence-sensing safety light curtains from
Rockwell Automation. The Allen-Bradley 450L GuardShield safety light curtains are designed to improve productivity
and increase efficiency while helping provide personnel safety. This light curtain is the first product of its kind to
provide CIP Safety over EtherNet/IP. CIP Safety over EtherNet/IP enables smart safety within a Connected Enterprise
and provides rich data from the plant floor. The 450L GuardShield light curtains support linear, star and DLR networks
and are ideally suited for applications where safe, easy and frequent access to the machine is required. The 450L safety
light curtains are unlike traditional safety light curtains, which are based on separate transmitter and receiver units.
Patented technology allows each transceiver to be used as a transmitter or receiver via an innovative plug-in module.
The 450L-E option provides advanced functionality, including integrated laser alignment, cascading, blanking and
integrated muting.

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Rolls-Royce & UK Space Agency launches first study into nuclear power for
space exploration
41
Rolls-Royce has signed an innovative contract with the UK Space Agency for a study into future nuclear power options for space exploration. This
first contract between both organisations represents an exciting opportunity to define and shape the nuclear power solutions required in space in
the decades to come. Rolls-Royce is the only company in the world with a singular focus on creating mechanical, electrical and nuclear power
solutions that will be essential in tackling the challenges of the future. Space is one such challenging and growing sector in which Rolls-Royce
believe power, propulsion and thermal management will play a significant role. Rolls-Royce has a rich heritage in nuclear and is well positioned
to lead this specific work package to define the future nuclear power solutions for space. The multi-domain applicability of emerging nuclear
power solutions will mean the options outlined by Rolls-Royce will also have strong commercial and defence terrestrial use-cases, creating
world-leading nuclear power capability for multiple markets and operator needs. Innovative power and thermal management alongside novel
nuclear technologies, digital capabilities and engineering know-how have considerable application in Space; from the manufacturing and launch
of space vehicles, to powering the increasing demand for on-orbit activities, in-situ resource utilisation and exploration. Rolls-Royce has existing,
proven capability in these fields as well as significant experience in electrification and the provision of other high-density and sustainable power
solutions, which will all support the growing space sector.

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SANY (China) driverless road machine fleet performs cement-treated paving
and compacting
42
On December 4th, a fleet of SANY unmanned road machines, which consisted of two pavers, two single-drum rollers, two tire rollers
and one double-drum roller, conducted a coordinated operation demonstration of cement-treated paving and compacting on the main
road leading to Xiong’an New Area. The area is a part of the newly named China (Hebei) Pilot Free Trade Zone, where construction
work is in high demand. A mobile base station and a control room placed within a short distance enabled remote controlled operation
of the seven units. All vehicle operations were automated, with working parameters being set in advance, such as route, paving speed,
rolling speed, rolling times and lap width. Equipped with a 3D leveler and an infrared temperature monitor, the pavers continuously
monitor the paving thickness and temperature in real time. The new automated leveling system avoids manual tasks, such as the use
of string lines, stakes and averaging beams, which can cause errors. Witnessed by government officials and industry authorities from
across the nation, the event showcased the capability of SANY road machinery and indicated the significant role SANY will play in
building the ‘city of the future’. According to the expert on site，the operation conducted by the fleet of SANY unmanned road
machines met the standards for smoothness, compactness and segregation control.

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Solvay’s (Belgium) polymer membranes technology will be a key element in
hydrogen market
43
Solvay has launched a hydrogen platform that will bring together all the innovative material and chemical solutions the Group has to
offer to advance the emerging hydrogen economy. At the heart of the platform is Solvay’s membrane technology (ion conducting
polymer), which constitutes a necessary component in the process of hydrogen production. By creating this platform, Solvay is
increasing its resources dedicated to this emerging market, including efforts in research and innovation. As from this year, Solvay is
fully dedicating teams involving research, engineering, sales and marketing working together in crafting Solvay’s added value to the
future hydrogen market. Together with its membrane technology, under the brand Aquivion® that will be a key contributor to the
electrolyser and fuel cells markets, Solvay also intends to bring other hydrogen applications and components to the market, such as
hydrogen tanks. As part of this commitment, Solvay has also joined the Hydrogen Council, a global CEO-led initiative that brings
together leading companies with a united vision and long-term ambition for hydrogen to foster the clean energy transition. Solvay’s
hydrogen platform is integral to the Group’s One Planet initiative, which includes ten measurable commitments to achieve the SDGs
across three focus areas: climate, resources and better life.

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Cathay Pacific Cargo Develops Solution for Vaccine Distribution
44
The new quality-assured solution facilitates the fast and effective import and transhipment of COVID-19 vaccines worldwide, Cathay
Pacific Cargo has built on its many years of experience in transporting pharmaceutical shipments to develop a vaccine solution
specifically for the fast and effective distribution of COVID-19 vaccines across the globe.
Ultra Track
Cathay Pacific Cargo is progressively rolling out Ultra Track as a key part of the vaccine solution. The next-generation track-and-trace
system monitors information including temperature, GPS location, and humidity, using low-energy Bluetooth readers. This gives shippers
and forwarders near real time visibility, and ensures vaccines will remain within their transportation temperature ranges.
Operations Control Centre
In addition, shipments using Ultra Track will also be monitored by the newly established Operations Control Centre. Based in Hong
Kong, and staffed by dedicated cargo professionals 24/7, the team can instruct ramp and cargo terminal staff to take proactive steps to
ensure the various storage requirements of vaccines are maintained.

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Toray (Japan) Expands LIVMOA™ Protective Clothing Lineup by Launching
Versions for High-Pressure Water Applications and Cleanrooms
45
Toray Industries, Inc., announced that it will soon augment its LIVMOA™ range of single-use protective clothing, which is both user friendly and exceptionally comfortable. In January, it will bring out the LIVMOA™
4000 for high-pressure water applications. February will see the company release an upgraded version of LIVMOA™ CL sterilized clothing for cleanrooms. The introductions will be in Japan, with the two new offerings
becoming available overseas later. LIVMOA™4000 is breathable and complies with the JIS Type 5 and 6 standards for chemical protective clothing. It employs a proprietary SMS (spunbond + meltblown + spunbond)
nonwoven fabric. The clothing thus protects wearers from dust and can also withstand a water pressure of 1,000mm H2O (see note 1), which is hard to achieve with regular SMS fabric. The meltblown layer keeps dust
and water out while delivering an air permeability of around 10 cc/cm2/sec. Toray is building a stable product supply system by manufacturing the fabric at its plant in Japan. LIVMOA™4000 can be worn where water
resistance is necessary, a good example being waste disposal sites (see note 2). Such locations are essentially off-limits to LIVMOA™2000 and 3000 clothing, which are also breathable. Participants in a testing program
rated LIVMOA™ 4000 very highly for its exceptional comfort and soft fabric. Toray upgraded LIVMOA™CL based on feedback from users at public research and academic institutions. This offering originally launched
in 2019 under the supervision of the Research and Development Center for Cell Therapy of the Foundation for Biomedical Research and Innovation at Kobe. The company enhanced usability in several respects. It
integrated the mask cover to improve wearability, optimized the hood opening for a better fit with goggles, and slimmed the sleeves and legs to improve mobility. The company has expanded the LIVMOA™ series since
bringing out the high-breathability LIVMOA™3000 in 2017 to cater to different work environments. The LIVMOA™5000, for example, has helped prevent recurrences of Ebola infections in the Republic of Guinea.
Toray released the LIVMOA™CL for cleanrooms. The new LIVMOA™4000 and upgraded LIVMOA™CL make it possible for even more workplaces to take advantage of the safety and comfort of the LIVMOA™
series. One priority of Project AP-G 2022, Toray’s medium-term management program, is to push ahead with the Life Innovation Business Expansion Project. That undertaking aims to help boost the quality of healthcare
and reduce burdens on medical institutions, improve health and longevity, and enhance safety. The company will accelerate LIVMOA™ series development in Japan and overseas and drive further progress with protective
clothing safety and comfort.
Notes:
• This product does not employ seam tape. The water pressure resistance of the seams is not 1,000mm H2O.
• Users are responsible for selecting dioxin control protective clothing that matches conditions at waste treatment facilities.

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Wärtsilä (Finland) Fleet Operations Solution to optimise performance of
UltraShip’s entire fleet
46
Wärtsilä Voyage is to be employed by Denmark-based UltraShip for its entire fleet of 18 LPG tanker vessels. The solution saves costs
while increasing safety by automatically optimising the route and speed of the vessel. It also provides the fullest and latest voyage
data, keeping both onboard and onshore personnel informed and notified. The contract was signed in Q4 2020 and roll-out will take
place during the first and second quarter of 2021. As part of the contract, Wärtsilä Voyage will upgrade the ships’ onboard electronic
chart display and information systems (ECDIS) to support the FOS. The upgrade includes charts delivery service and weather route
optimisation software. The Wärtsilä FOS is an integrated service that combines individual processes that are otherwise separate from
each other. It features a unique platform that integrates with the ship’s planning station and ECDIS using immense cloud computing
power, machine learning, data analytics, and mobile applications to efficiently connect the vessel, its manager, operator, and the port.
Among the many benefits offered are a four-hour reduction in voyage planning time, automatic weather optimisation pop-up alerts,
remote ECDIS diagnostic support, and fuel cost savings through better route and speed selection.

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Motorola Solutions (USA) Expands Cybersecurity Services to Secure
Mission-Critical Operations
47
Motorola Solutions announced expanded cybersecurity services to help public safety and enterprises continuously secure their mission-critical operations. cybersecurity
breaches are occurring at a rate and level never before seen. Motorola Solutions’expanded cybersecurity services help public safety and enterprise customers better defend their
information networks, employees and assets against today’s threats.
• Motorola Solutions’ cybersecurity services portfolio, which aligns with the National Institute of Standards and Technologies (NIST) cybersecurity framework, includes:
• Managed security services — Security monitoring, incident management and reporting, patching and advanced threat detection and response to protect endpoints, networks
and cloud applications and infrastructure.
• Advisory services — NIST-aligned risk assessments and consulting, penetration testing, governance and compliance.
• System recovery services — Business continuity and incident response planning, system recovery and post-incident analysis.
• Cybersecurity training — Training and certifications for cloud security, incident response management and risk managemen
Cybercrime will cost the global economy an estimated (1) $6 trillion by 2021, driven by complex IT environments, a limited pool of cybersecurity professionals and the
ever-growing arsenal of tools and opportunities for cybercriminals, creating a perfect storm for organizations around the world. According to a recent study (2), 56 percent of
IT security professionals surveyed said their organizations were at risk due to cybersecurity staff shortages. Motorola Solutions’ expanded cybersecurity services include a 24/7
security operations center (SOC) staffed by a dedicated team of experts who proactively monitor cybersecurity events around the clock, helping organizations to detect and
respond to threats faster and bridge the cybersecurity talent gap.

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The Abengoa group, recognized by Engineering News-Record as a leader in
water treatment, desalination, solar energy and cogeneration
48
Abengoa, an international company that applies innovative technological solutions for sustainable development in the infrastructure, energy and
water sectors, has been recognized, through its verticals, for its leadership in the Top International Contractor 2020 ranking , prepared and
published annually by the prestigious Engineering News-Record (ENR) magazine. The company is in the first position in the development of water
treatment and desalination projects, as well as in the third and fourth positions in cogeneration and solar energy projects respectively. It also
appears in other categories such as correctional sector (fourth position), operation and maintenance (sixth position), transmission and distribution
(tenth position), energy (eleventh position), water supply (fourteenth position) and sanitation (twenty-fourth position). second position). On the
other hand, the group is also ranked number 64 in the Top 250 International Contractors ranking, published by ENR in August 2020, which
includes the top 250 international contractors. ENR is considered a benchmark platform in the construction sector, which provides information,
news and analysis, through its magazine and its website. The rankings of ENR are based on the income of the previous year in the country and
abroad participating contractors. With this new recognition, the company consolidates its position as an international leader in the development of
water and energy projects, where it already has numerous awards granted by specialized institutions in the water sector, such as the Global Water
Intelligence and the International Desalination Association. or energy, like CSP Plaza.
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Asahi Kasei’s (Japan) Synthetic Rubber Production Department receives
Gold Medal in EcoVadis Sustainability Assessment
49
Asahi Kasei’s Synthetic Rubber Production Department1 received a Gold Medal Sustainability Rating from EcoVadis2
in December 2020. The Gold Medal indicates a sustainability assessment in the top 5% of all companies evaluated.
EcoVadis assesses corporate initiatives and achievements on sustainability in four themes of the Environment, Labor
& Human Rights, Ethics, and Sustainable Procurement. Their evaluation was particularly high in the Environment and
Labor & Human Rights. EcoVadis performs its assessment based on international standards of sustainability, and over
75,000 companies from more than 160 countries across 200 purchasing categories have been assessed. The EcoVadis
assessment is increasingly recognized as an objective evaluation of corporate sustainability initiatives and
achievements. As the Asahi Kasei Group continues to advance initiatives for sustainability, this Gold Medal rating
serves as an encouragement to further reinforce efforts to achieve a sustainable society.
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CREC Awarded at the 6th China Grand Awards for Industry
50
The 6th Ceremony of China Grand Awards for Industry was held in Beijing on December 27, 2020. China Railway Engineering Equipment Group
(CREG) under China Railway Group Limited (CREC) won a prize while China Railway Science & Industry Group (CRSIC), also under CREC,
won an Honor Award for its Complete Construction Set of 1,000-ton High-speed Rail Box Girder. Approved by the State Council, the China Grand
Awards for Industry is the highest award for the industrial circle in China, dubbed the “Oscars of Chinese industry.” The biennial top prize honors
companies and projects that represent the highest level of the development of the Chinese industry. CREG is a comprehensive group that focuses
on underground equipment services as the leading business for its diversified development, and specializes in the production of tunnel boring
machines and special equipment for tunnel mechanization as well as underground space development. At present, the company has received orders
for 1,200 shield machines, and more than 1,000 have rolled off the production line. As the company’s market share in China has remained the first
for eight consecutive years, it also set the record of the largest production and sales in 2017, 2018, and 2019. The company’s products are sold to
22 countries and regions. Developed by CRSIC, the Complete Construction Set of 1,000-ton High-speed Rail Box Girder is made for high-speed
rail construction. The thousand-ton transport frame, as the core of the set, is the world’s first set of 40-meter-span high-speed rail box girder
transport equipment whose capacity for load reaches 1,000-ton level.
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CREC Once Again Wins Highest Award in Global Tunneling Sector
51
Yujingshan Mountain Tunnel Crossing Giant Karst Cave and Underground River” project won “Overcoming the Challenge” award presented by the
International Tunneling Association (ITA) on December 4. The project was designed by China Railway Eryuan Engineering Group Co., Ltd.,
constructed by China Railway No. 5 Engineering Group Co., Ltd. and supervised by a branch of China Railway Academy Co., Ltd. in Sichuan. The
award is the highest honor in the global tunneling sector. ITA awards were initiated in 2015 to celebrate outstanding projects and individuals bringing
breakthroughs and innovation to the global tunneling sector. It is widely acknowledged as the “Oscar” of the global tunneling sector. Every year, around
eight out of some 30 shortlisted projects and individuals win the awards. The “Overcoming the Challenge” award was newly introduced this year to
honor the project that has overcome predictable and unpredictable extreme challenges in its construction. CREC claimed “Major Project of the Year”
award in 2016 and “Technical Innovation of the Year” in 2018. Yujingshan Mountain Tunnel Crossing Giant Karst Cave and Underground River project
is located in Weixin County of Yunnan Province. The tunnel, built on the Yunnan-Guizhou Plateau, has a designated speed of 250 km/h and a length of
6,306 meters. The region it passes features fragile ecology, posing daunting challenge to the construction. The successful completion of the project
marks that the Chinese company made a breakthrough in tunneling across giant Karst caves, a landmark event in China’s tunneling history. (Sources:
China Railway Eryuan Engineering Group Co., Ltd. and China Railway Academy Co., Ltd.)
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