You are here: Home » 2021 » December » Archives for 7th

Panduit Board Names Shannon McDaniel as Next CEO

Tinley Park, Illinois, Dec. 07, 2021 (GLOBE NEWSWIRE) — Panduit announced today that its Board of Directors has appointed Shannon McDaniel as its next Chief Executive Officer (CEO) and President effective January 1, 2022. McDaniel, who currently serves as the company's chief financial officer, will succeed current CEO and President Dennis Renaud, who will retire at the end of 2021.

"As a results–focused leader, Shannon brings his collaborative mindset to the role, drawing from his commercial and financial background, while leveraging the power of Panduit to move the company forward," said Panduit Executive Chair Andrew Caveney. "Shannon has also built the trust of our employees, and the Board is confident that he will apply his deep industry knowledge and keen business acumen to lead Panduit."

Caveney added that McDaniel is taking over the role of CEO at an ideal time. "Our long–term investment horizon, outstanding employees, and agile business processes have allowed us to build business momentum through the downturn," he explained. "The digital economy, the drive for zero carbon emissions, and electrification trends are having a profound impact on our markets. Panduit is well positioned to apply our problem–solving mindset to solve technical challenges as new technologies transform our data center, enterprise, and industrial businesses."

"I am thrilled for the opportunity to serve as Panduit's CEO and lead the company into its next phase of growth," said McDaniel. "We have a great strategy, an incredibly talented and dedicated workforce, and an innovative culture that is continually looking to create value for our customers. I am very excited about our future and the opportunities in front of us."

McDaniel has served in a variety of leadership positions over his 30–year career. Prior to joining Panduit as CFO, he excelled in global financial leadership roles during his 14 years with Eaton Corporation, including serving as the company's Director of Finance for its EMEA electrical business and Vice President of Finance for the Americas systems and services group. McDaniel holds a Bachelor of Science in Accounting from Northern Illinois University in DeKalb, Ill.

Following his planned retirement, Renaud will continue supporting the transition in an advisory capacity through the first quarter of 2022.

"It has been my distinct personal and professional honor to serve Panduit for 10 years "" the last four as CEO. Panduit's unrivaled legacy of innovation, quality, service, and continuous improvement has fueled our business growth," said Renaud. "I'm proud of how Panduit's people embodied togetherness, inclusion, change, and a drive for innovative excellence throughout my tenure. The company is in experienced and capable hands with Shannon, the leadership team, and our outstanding employees."

"I thank Dennis for his contribution to the success of Panduit. Throughout his career, he has challenged our team to be focused and to always be innovating," said Caveney. "He has had a profound impact on our culture, from his passionate support of our diversity and inclusion program to his drive for use of 80/20 principles. Dennis has also displayed tremendous leadership during these unprecedented times, putting our employees and customers first and operating with transparency."

###

About Panduit

Since 1955, Panduit's culture of curiosity and passion for problem solving have enabled more meaningful connections between companies' business goals and their marketplace success. Panduit creates leading–edge physical, electrical, and network infrastructure solutions for enterprise–wide environments, from the data center to the telecom room, from the desktop to the plant floor. Headquartered in Tinley Park, Ill., USA and operating in 112 global locations, Panduit's proven reputation for quality and technology leadership, coupled with a robust partner ecosystem, help support, sustain, and empower business growth in a connected world. For more information, visit www.panduit.com.

Attachment


GLOBENEWSWIRE (Distribution ID 8407487)

Nikkiso Clean Energy & Industrial Gases Group Announces a Complete Liquid Hydrogen Bunkering Installation for Unitrove

TEMECULA, Calif., Dec. 07, 2021 (GLOBE NEWSWIRE) — Nikkiso Cryogenic Industries' Clean Energy & Industrial Gases Group (Group), a subsidiary of Nikkiso Co., Ltd (Japan), is proud to announce our participation in the bunkering installation design of a new complete Liquid Hydrogen (LH2) Bunkering installation with Unitrove.

Nikkiso CE&IG and Unitrove are working together to develop solutions for the future, particularly regarding LH2. For this project, the Group provided custom equipment from two of its Functional Units: a sump from its Heat Exchangers unit (Cryoquip) and Cryogenic Pumps unit (ACD).

"We are excited and proud to be part of one of the world's first liquid hydrogen (LH2) bunkering facility projects and the drive toward more energy–efficient solutions for the Marine market," according to Ole Jensen, Vice President, Europe, Nikkiso Clean Energy & Industrial Gases Group.

The Bunkering system is being showcased at the United Nations COP26 Environmental Conference in Glasgow, which runs through November 12, 2021. The installation is expected to be completed sometime in 2022.

This will be the first of several expected projects to be delivered in 2022.

ABOUT CRYOGENIC INDUSTRIES
Cryogenic Industries, Inc. (now a member of Nikkiso Co., Ltd.) member companies manufacture engineered cryogenic gas processing equipment and small–scale process plants for the liquefied natural gas (LNG), well services and industrial gas industries. Founded over 50 years ago, Cryogenic Industries is the parent company of ACD, Cosmodyne and Cryoquip and a commonly controlled group of approximately 20 operating entities.

For more information, please visit www.nikkisoCEIG.com and www.nikkiso.com.

MEDIA CONTACT:
Anna Quigley
+1.951.383.3314
aquigley@cryoind.com


GLOBENEWSWIRE (Distribution ID 8407430)

Delphix, Unisys Transform California State University’s Digital Strategy With Fast, Secure Data for Application Development

REDWOOD CITY, Calif., Dec. 07, 2021 (GLOBE NEWSWIRE) — Delphix, an industry–leading data company for DevOps, and Unisys Corporation (NYSE: UIS), a global IT solutions company, today announced that they have accelerated California State University's (CSU) digital strategy by providing quick and secure access to data to support student application development.

The nation's largest four–year public university can now provide its 23 campuses with data on–demand to implement their own digital strategies. This kind of rapid access has enabled software engineers at the campuses to quickly develop innovative applications to enable Graduation Initiative 2025, an ambitious project that aims to increase graduation rates while eliminating opportunity and achievement gaps. The project also includes applications that enable students to check their grades, financial aid, graduation status, etc.

The initiative is a part of the university's larger hybrid architecture strategy aimed at improving graduation rates, student experience and satisfaction, and eliminating equity gaps in graduation rates.

Hybrid architecture Strategy
Unisys enables CSU to leverage the Delphix DevOps Data Platform to accelerate and simplify its Hybrid–Architecture enablement. The platform's ability to easily spin up, refresh, and tear down private and public cloud–based data environments dramatically enhances the university's application delivery pipeline.

"Using Delphix and Unisys to implement our hybrid architecture strategy allows us, for the first time, to create a unified and secure data lake, populated daily with data from all 23 campuses. This makes the data easily accessible and quickly consumable at a large scale. Our data analysts, data scientists, and developers can now drive faster innovation and proactively establish student support programs to improve graduation rates," said Michael Berman, CIO at CSU.

The university's hybrid architecture strategy includes data migration from an on–premise Common Management System (CMS) to Amazon Web Services (AWS), across all campuses. The CMS serves nearly 500,000 students and 56,000 faculty and staff, and is critical to everything from student enrollment, student management, scheduling, and registration to human resources, financials, and employee compensation.

"We are pleased CSU and Unisys selected AWS as a strategic cloud provider to power its digital transformation," said Kim Majerus, Vice President, US Education, State and Local Government at AWS. "Moving to AWS can help CSU become more agile and empower them to use data more strategically to gain valuable insights that will improve the student experience. In addition, it can help the university system scale faster, reduce technical debt, realize cost savings, and manage operations more efficiently."

Impact on Cost and Efficiency
Delphix and Unisys work together with CSU to help the university reduce costs and improve operational efficiency.

Using Delphix and Unisys, CSU has saved over $4.5M per year and avoided future costs of over $7M per year in data storage expenditures, thus freeing up resources to fund innovation. The initiative has also significantly improved CSU's productivity measures.

  • The Delphix DevOps Data Platform delivers virtual masked copies of the CMS production data on–demand, using a fraction of the storage space compared to physical data storage. This has helped Unisys reduce CSU's physical storage consumption while allowing its campuses to use self–service to clone and manipulate their data.
  • Delphix's data automation helps Unisys deliver data faster and more frequently to CSU's campuses. The application teams can now instantly refresh copies with updated production data, rewind data to any previous point in time, and branch out data copies so data versions align with release versions, all of which dramatically improve productivity.

"We are proud to partner with Delphix to enable CSU's hybrid architecture strategy to provide improved data delivery, data access, and data integration to better support the digital strategies at CSU," said Rudy Gonzalez, Unisys CSU Program Director. "We remain committed to helping CSU have much greater agility to execute digital cloud strategies to better serve the campuses and improve the student experience."

Jedidiah Yueh, Delphix CEO, added, "Transformational automation is a game–changer, enabling 100x increases in innovation velocity. Modern data automation with integrated security and compliance enables CSU to improve student outcomes and experiences, spend less on infrastructure, and invest more in strategic initiatives."

About Delphix
Delphix is the industry leading data company for DevOps.

Data is critical for testing application releases, modernization, cloud adoption, and AI/ML programs. We provide an automated DevOps data platform for all enterprise applications. Delphix masks data for privacy compliance, secures data from ransomware, and delivers efficient, virtualized data for CI/CD.

Our platform includes essential DevOps APIs for data provisioning, refresh, rewind, integration, and version control. Leading companies, including Choice Hotels, J.B.Hunt, and Fannie Mae, use Delphix to accelerate digital transformation. For more information, visit www.delphix.com or follow us on LinkedIn, Twitter, and Facebook.

About Unisys
Unisys is a global IT solutions company that delivers successful outcomes for the most demanding businesses and governments. Unisys offerings include digital workplace solutions, cloud and infrastructure solutions, enterprise computing solutions, business process solutions and cybersecurity solutions. For more information on how Unisys delivers for its clients across the commercial, financial services and government markets, visit www.unisys.com.

Follow Unisys on Twitter and LinkedIn.

Contact information:
Orlando de Bruce
VP of Corporate Marketing & Brand
Orlando.Debruce@delphix.com


GLOBENEWSWIRE (Distribution ID 8406842)

Lantronix Named Member of the Qualcomm Automotive Solutions Ecosystem Program

IRVINE, Calif., Dec. 07, 2021 (GLOBE NEWSWIRE) — Lantronix Inc. (NASDAQ: LTRX), a global provider of secure turnkey solutions for the Intelligent IT and the Internet of Things (IoT), today announced it has been named a member of the Qualcomm Authorized Design Center Program's automotive program. A long–time Qualcomm Advantage Network member, Lantronix joined the invitation–only program, which assists companies in accelerating innovation by connecting customers with an ecosystem of businesses that provide tools and deep expert design services. Lantronix will participate in the automotive program, referred to as the Qualcomm Automotive Solutions Ecosystem Program, by providing access to tools that are built around the 3rd Generation Snapdragon Automotive Cockpit Platform, a product of Qualcomm Technologies, Inc.

"We are proud to be named a member of the Qualcomm Authorized Design Center's Automotive Solutions Ecosystem Program, which will bring engineering and design expertise to our mutual customers while helping fast–track innovation," said Paul Pickle, CEO of Lantronix. "With the program, Lantronix is positioned to accelerate the commercialization of automotive products, which will include customization, optimization and other design and integration services built around the 3rd Generation Snapdragon Automotive Cockpit Platforms."

The 3rd Generation Snapdragon Automotive Cockpit Platforms are artificial intelligence (AI)–based and some of the most advanced automotive platforms from Qualcomm Technologies. Designed to support software–rich integrated cockpits engineered to meet stringent automotive industry standards, 3rd Generation Snapdragon Automotive Cockpit Platforms are engineered with immersive graphics, multimedia, computer vision and advanced AI capabilities. The Snapdragon Automotive Cockpit Platforms also provide fully scalable architecture with differentiated experiences, utilizing the same software architecture and framework to allow consumers to enjoy a harmonized user experience independent of the vehicle tier while utilizing the same software framework.

Lantronix's inclusion in the Qualcomm Automotive Solutions Ecosystem Program, as well as its team's proven expertise and collaboration over the years, reinforces its commitment to providing cutting–edge development services with Qualcomm Technologies for its global customers focused on the Snapdragon Automotive Cockpit platform.

About Lantronix

Lantronix Inc. is a global provider of secure turnkey solutions for the Internet of Things (IoT) and Remote Environment Management (REM), offering Software as a Service (SaaS), connectivity services, engineering services and intelligent hardware.

Lantronix enables its customers to accelerate time to market and increase operational up–time and efficiency by providing reliable, secure and connected Intelligent Edge IoT and Remote Management Gateway solutions.

Lantronix's products and services dramatically simplify the creation, development, deployment and management of IoT and IT projects across Robotics, Automotive, Wearables, Video Conferencing, Industrial, Medical, Logistics, Smart Cities, Security, Retail, Branch Office, Server Room, and Datacenter applications. For more information, visit the Lantronix website.

Learn more at the Lantronix blog, which features industry discussion and updates. Follow Lantronix on Twitter, view our YouTube video library or connect with us on LinkedIn.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Any statements set forth in this news release that are not entirely historical and factual in nature, including without limitation statements related to our solutions, technologies and products. These forward–looking statements are based on our current expectations and are subject to substantial risks and uncertainties that could cause our actual results, future business, financial condition, or performance to differ materially from our historical results or those expressed or implied in any forward–looking statement contained in this news release. The potential risks and uncertainties include, but are not limited to, such factors as the effects of negative or worsening regional and worldwide economic conditions or market instability on our business, including effects on purchasing decisions by our customers; the impact of the COVID–19 outbreak on our employees, supply and distribution chains, and the global economy; cybersecurity risks; changes in applicable U.S. and foreign government laws, regulations, and tariffs; our ability to successfully implement our acquisitions strategy or integrate acquired companies; difficulties and costs of protecting patents and other proprietary rights; the level of our indebtedness, our ability to service our indebtedness and the restrictions in our debt agreements; and any additional factors included in our Annual Report on Form 10–K for the fiscal year ended June 30, 2020, filed with the Securities and Exchange Commission (the "SEC") on September 11, 2020, including in the section entitled "Risk Factors" in Item 1A of Part I of such report, as well as in our other public filings with the SEC. Additional risk factors may be identified from time to time in our future filings. The forward–looking statements included in this release speak only as of the date hereof, and we do not undertake any obligation to update these forward–looking statements to reflect subsequent events or circumstances.

2021 Lantronix, Inc. All rights reserved. Lantronix is a registered trademark. Other trademarks and trade names are those of their respective owners.

Snapdragon Automotive Cockpit Platform is a product of Qualcomm Technologies, Inc. and/or its subsidiaries. Qualcomm Authorized Design Center Program, Qualcomm Automotive Solutions Ecosystem Program, and Qualcomm Advantage Network are programs of Qualcomm Technologies, Inc. and/or its subsidiaries.

Qualcomm and Snapdragon are trademarks or registered trademarks of Qualcomm Incorporated.

Lantronix Media Contact:
Gail Kathryn Miller
Corporate Marketing &
Communications Manager
media@lantronix.com
949–453–7158

Lantronix Analyst and Investor Contact:
Jeremy Whitaker
Chief Financial Officer
investors@lantronix.com
949–450–7241

Lantronix Sales:
sales@lantronix.com
Americas +1 (800) 422–7055 (US and Canada) or +1 949–453–3990
Europe, Middle East and Africa +31 (0)76 52 36 744
Asia Pacific + 852 3428–2338
China + 86 21–6237–8868
Japan +81 (0) 50–1354–6201
India +91 994–551–2488


GLOBENEWSWIRE (Distribution ID 8406846)

Eternity Technologies Launches “Quasar” a new generation of Carbon Nano Motive Batteries Made in UAE

Leading industrial battery manufacturer Eternity Technologies is launching QUASAR, a new range of Carbon Nano Motive batteries to deliver more power, longer run times and faster recharge versus conventional lead batteries.

Designed mainly for the heavy–duty material handling market such as electric forklift trucks, QUASAR batteries can be fully charged in just four hours and with opportunity charging capabilities offering even greater flexibility. QUASAR Carbon Nano motive batteries are ideal for material handling equipment operating in multi–shift, outdoor and cold storage applications with up to 50% more power. Equally, QUASAR is an ideal battery for extremely high temperatures indoor or outdoor.

The QUASAR positive plate utilises Thin Tube technology, which offers greater energy density and higher discharge performance. It also incorporates a market leading phenolic resin separator which can meet the heavy–duty operating demands and provides excellent oxidation resistance. The QUASAR negative plate contains Carbon Nano Tube (CNT) technology, which increases its fast charge capability, without any degradation to the life of the batteries.

Using the latest manufacturing production processes and equipment, Eternity Technologies' QUASAR batteries are now made in its UAE factory and can deliver an enviable 99% recycling rate further supporting a sustainable and truly circular economy.

Dr Mark Stevenson of Eternity Technologies, explains: "QUASAR, is our new premium battery range and a great addition to our already extensive battery offering. After very successful trials and qualifications by our customers we are ready to serve the global motive markets and offer a strong value proposition."

About Eternity Technologies

Eternity Technologies deliver the most reliable, sustainable and available industrial battery solutions for the Motive and Network Power markets.

With unique state of the art manufacturing facilities in place, Eternity Technologies has operations in United Arab Emirates, Germany, Spain, USA, Chile and South Africa and is today one of the fastest growing industrial battery companies.

Eternity Technologies sells to over 100 countries worldwide offering a wide range of industrial batteries, chargers and services for material handling equipment, electric forklifts, renewable energy storage or off grid solar systems.

For more details about products from Eternity Technologies, including the new QUASAR batteries, visit the website www.eternitytechnologies.com

Attachment


GLOBENEWSWIRE (Distribution ID 1000582326)