New Research from AMGTA Demonstrates Sustainable Benefits of Binder Jet 3D Printing

 

 Research from Yale School of the Environment shows huge reduction in GHG over traditional casting methods

 

(BUSINESS WIRE)--The Additive Manufacturer Green Trade Association (“AMGTA”), a global advocacy group focused on promoting sustainable additive manufacturing (AM) industry practices, announced today the preliminary results of a life-cycle analysis study titled “Comparative Life-Cycle Assessment: Comparison of Casting vs Binder Jetting for an Industrial Part.” The study, commissioned by the AMGTA and conducted by the Yale School of the Environment (YSE) in partnership with Desktop Metal (NYSE: DM), a global leader in AM technologies for mass production, and Trane Technologies (NYSE: TT), a global climate innovator, analyzed a steel scroll chiller in an HVAC system from Trane to determine the comparative manufacturing impact of binder jet 3D printing versus traditional metal casting. The preliminary results confirmed a dramatic 38% reduction in greenhouse gas (GHG) emissions through the binder jetting process primarily driven by reduced energy demand during the production phase.

“Prior to this project, uncertainty about the life cycle emissions of binder jetting versus conventional manufacturing approaches was a barrier to AM adoption,” said Kevin Klug, Lead Additive Manufacturing Engineer for Trane Technologies. “With the results of this study, Trane Technologies is in a better position to comprehensively consider AM's cost, productivity and environmental impact earlier in a product's design cycle, when risk is lowest, and the potential benefits are highest.”

Key takeaways from the from the study include:

• Significant Reduction in Greenhouse Gas Emissions. The additive process showed a 38% reduction in greenhouse gas emissions based on binder jetting as compared to traditional casting for the parts studied.
• Importance of Energy Mix. Similar to previous findings, the study found that the manufacturing facility’s energy mix at the location of generation, and whether that energy grid was produced using sustainable means, had a significant impact on GHG emissions.
• Negligible Value of Redesign for Lightweighting. The study found that the potential benefits of redesigning the scroll chiller for lightweighting using a lattice-type structure were insignificant with respect to GHG emissions. The overall dimensions of the parts being produced, and the efficient use of print volumes, played a much more important factor than lightweighting. Lightweighting may provide environmental benefits in the use phase which is not included in this study.
• Material Production Impacts. While this study showed the environmental impacts of source powder production were approximately twice that for casting steel, such an increase represented a small portion of overall GHG emissions and did not play a significant role in the overall findings.
• Overall, Binder Jetting Produced a More Sustainable Part. The dramatic reduction of GHG emissions from energy demand by binder jetting versus traditional manufacturing was by far the most important finding of the YSE study.

“The release of these findings is significant for the AM industry and for companies in the broader manufacturing sector who are looking for more sustainable production methods,” said Sherri Monroe, the AMGTA’s Executive Director. “With this study, we are able to quantify the reduced energy demand of binder jetting versus traditional casting while possibly providing some surprises in the negligible impact offered by lightweighting in this specific use case.”

One of the drivers behind double-digit annual growth in additive manufacturing over the past decade has been the adoption of binder jetting across multiple industries, driven by cost advantages, large volume production, and the potential for sustainability gains.

“We’re delighted to have another piece of independent, third-party research that validates how binder jetting is a greener approach to metal part production,” said Jonah Myerberg, Chief Technology Officer, Desktop Metal. “Harmful emissions from traditional metal manufacturing need to be lowered with innovative technology approaches, but manufacturers need sound data—not greenwashing—to make good choices about how they produce their metal products. This new study from Yale, Trane Technologies and AMGTA demonstrates what our team at Desktop Metal has long believed based on our hands-on experience: binder jetting is a greener way to manufacture metal parts.”

The two-year YSE study analyzed the cradle-to-gate manufacturing life cycle of a scroll set comprised of a fixed scroll and orbiting scroll manufactured by Trane Technologies as part of an HVAC system. The AMGTA commissioned the study in 2021 to better understand the potential for binder jetting to replace traditional sand casting as a more sustainable method of production. The study evaluated a traditional casting process followed by machining, plating, and finishing steps in Mexico. The same scroll set design was evaluated through an additive binder jetting process of 3D printing, curing, and sintering followed by the same plating and finishing steps in the same location in Mexico.

The results of the study showed a 38% reduction in GHG emissions for the additive manufacturing process as compared to the traditional casting-based method. Due to the nature of the binder jetting, YSE’s researchers concluded that a redesign for lightweighting via a lattice-type structure may not necessarily lead to additional reductions in GHG emissions, primarily because the majority of electricity consumed related to printing, curing and sintering steps would not be impacted by lattice-type structures. The analysis suggests a 10% mass reduction in the scroll set would lead to a 1% reduction in GHG emissions.

Lifecycle GHG emissions were significantly impacted by the local energy mix at the site of production. For this study, both the traditionally manufactured part set, and the additively manufactured part set, were evaluated at the same location with the same energy mix. Researchers also evaluated additional potential production locations and their corresponding energy mixes. The findings indicate that such sensitivity to the grid “cleanness” needs to be considered when comparing AM with traditional processes to ensure a valid conclusion. While production in a more sustainable energy location provides environmental benefits for both production processes, the difference in environmental impacts between the methods diminishes as the energy mix becomes more “green.” Production volumes also play a significant role in GHG emissions of additive manufacturing especially for less efficient use of build volumes and small batch operations.

“Trane Technologies is committed to boldly challenging what's possible for a sustainable world,” added Kevin Klug. “That includes designing advanced climate control solutions that can be manufactured and operated with reduced environmental impact. Metal additive manufacturing (AM) will become an increasingly viable tool in that pursuit, and binder jetting's comparably higher speed and lower cost among AM technologies make it particularly promising for manufacturing HVAC components at relevant production volumes.”

“This study in collaboration with Desktop Metal is a clear win for manufacturers like Trane which are exploring more sustainable manufacturing options. Binder jetting is a proven technology with clear and quantifiable advantages over traditional methods,” Sherri Monroe said. “We appreciate Trane’s leadership in pursuing more sustainable practices, their participation in this study, their willingness to share their processes and data, and interest in sharing this information with the broader manufacturing community.”

Highlights from the study can be found on the AMGTA’s website, with full results expected to be published in early 2024 following a peer review process. The AMGTA says it expects to publish additional independent research throughout 2023. Additional information on this study and others conducted by the AMGTA can be found on the AMGTA website, www.AMGTA.org.

About the AMGTA

The AMGTA was launched in 2019 to better understand and promote the environmental benefits of additive manufacturing across the global economy. AMGTA members represent the entirety of the manufacturing spectrum - from design and raw materials to end products and users - focused on innovating better, more sustainable, and financially advantageous products through best additive practices. For more information, please contact Sherri Monroe or visit www.amgta.org.

 

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Contacts

Sherri Monroe
smonroe@amgta.org
954.308.0888

Menlo Security™ Redefines Browser Security with Industry-First AI-Powered Phishing and Ransomware Protection

 

 HEAT Shield and HEAT Visibility, powered by Menlo Security’s Isolation Core™, prevent attacks from infiltrating enterprise networks and provide rich, actionable intelligence to mitigate highly evasive threats

 

(BUSINESS WIRE)--Menlo Security, Inc. (“Menlo Security”), a leader in browser security, today announced HEAT Shield™ and HEAT Visibility™, the industry’s first suite of threat prevention capabilities designed to detect and block highly evasive threats targeting users via the web browser.

Menlo Security HEAT Shield™ detects and blocks phishing attacks before they can infiltrate the enterprise network. It uses novel, AI-based techniques – including computer vision combined with URL risk scoring and analysis of the web page elements – to accurately determine in real time if the link being accessed is a phishing site designed to steal the user’s credentials. In parallel, HEAT Visibility performs continual analysis of web traffic and applies AI/ML-powered classifiers that identify the presence of highly evasive attacks. This delivers timely, actionable alerts that enable security teams to significantly reduce mean time to detect (MTTD) and mean time to respond (MTTR) to any highly evasive threats that could be targeting enterprise users.

“Highly evasive threats are growing as threat actors evolve how they deploy phishing and malware attacks,” said Michael Urciuoli, Chief Information Officer of JPMorgan Chase Asset and Wealth Management. “Tools like Menlo Security’s browser security solution, including their HEAT Shield, can help to combat cyber threat vectors for the world’s top financial institutions, governments and leading enterprises.”

Menlo Security HEAT Shield and HEAT Visibility are built on Menlo Security’s cloud-based Isolation Core™ which monitors and analyzes over 400 billion web sessions annually. Commonly deployed security infrastructure such as Secure Web Gateways, firewalls, endpoint security and EDR solutions are blind to actions occurring inside the browser and fall short in combating web-based attacks including highly evasive threats. HEAT Shield leverages the Isolation Core to power dynamic security policies which can be applied to users based on web session events and behavior to prevent attackers from gaining access to the endpoint. Individuals are protected from potential threats without any impact on the end user experience.

“We know we need to protect our network from emerging attacks and threats targeting the web browser,” said Greg Pastor, Director of Information Security for Remedi SeniorCare. “We are seeing highly evasive threats as a concerning and growing tactic amongst threat actors, and solutions like HEAT Shield can dynamically block these attacks, even if they are zero hour, keeping our endpoints safe.”

A HEAT Attack™ Dashboard allows customers to receive detailed threat intelligence, which can be integrated into their existing SIEM or SOC platforms, while HEAT alerts sent to SOC teams provide real time threat visibility to enrich their existing threat intelligence sources and enhance and accelerate incident response capabilities.

Nick Edwards, Vice President, Product Management at Menlo Security, said, “Adversaries have placed a massive bullseye on the web browser. It has become the new desktop, where we spend the bulk of our working day. Legacy security vendors are fighting yesterday’s war by trying to shoehorn network security and endpoint tools to keep users safe and it isn’t working. The capabilities we are introducing today mark a significant leap forward towards our mission of creating a secure, seamless browsing experience, ensuring the internet can be used safely by our customers.”

Menlo Security isolates more than four billion files annually for many of the largest and most security-conscious organizations around the world. Threat actors are refining their techniques daily, developing novel and innovative ways to target their victims through the web browser, often testing their attacks against commonly deployed security tools before launching them in the wild. “Armed with this knowledge and a decade of developing industry-leading browser security products, we are proud to be able to deliver the industry’s first suite of threat prevention capabilities designed to detect and block HEAT attacks,” continued Edwards.

Both HEAT Shield and HEAT Visibility are generally available now across Menlo Security’s global network.

“AmiViz helps organisations make smarter decisions and minimise their risk, and we see growing concern about highly evasive, browser-based threats,” said Ilyas Mohammed, Chief Operating Officer of AmiViz. “This is why we are very pleased to help bring Menlo Security’s HEAT Shield product to market, as it will help our customers manage their risk in a preventative way that keeps browser-based threats out.”

To learn more about Menlo Security’s HEAT Shield visit: www.menlosecurity.com/heatshield

To learn more about Menlo Security’s HEAT Visibility visit: www.menlosecurity.com/heatvisibility

About Menlo Security

Menlo Security protects organizations from cyberattacks by eliminating the threat of malware from the web, documents, and email. Menlo Security’s patented Isolation-powered cloud security platform scales to provide comprehensive protection across enterprises of any size, without requiring endpoint software or impacting the end user-experience. Menlo Security is trusted by major global businesses, including Fortune 500 companies, eight of the ten largest global financial services institutions, and large governmental institutions. The company is backed by Vista Equity Partners, Neuberger Berman, General Catalyst, American Express Ventures, Ericsson Ventures, HSBC, and JPMorgan Chase. Menlo Security is headquartered in Mountain View, California. For more information, please visit www.menlosecurity.com.

 

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Contacts

Origin Communications
Paula Averley
+44 7766 257776
menlo@origincomms.com

Boomi Strengthens Security and Trust Program With New ISO Certifications

 CHESTERBROOK, Pa. - Tuesday, 01. August 2023

Boomi’s ISO 27001 and 27701 certifications demonstrate the company’s continued commitment to information security and privacy compliance

 

(BUSINESS WIRE)--BoomiTM, the intelligent connectivity and automation leader, today announced the company is an ISO/IEC 27001:2013 and an ISO/IEC 27701:2019 certified provider whose Privacy Information Management System (PIMS) and Information Security Management System (ISMS) have received third-party accreditation from the International Standards Organization (ISO). Boomi’s 27001:2013 and 27701:2019 ISO certifications also include control objectives from ISO 27017:2015 and ISO 27018:2019 which provide guidance on both the information security aspects of cloud computing and the protection of personal data in the cloud.

By obtaining these certifications, Boomi reaffirms its unwavering dedication to upholding the highest levels of information security and privacy on a global scale.

Boomi’s certifications were issued by A-LIGN, a global end-to-end compliance solutions provider, upon the successful completion of a formal audit process. These certifications are evidence that Boomi has met the rigorous standards in ensuring confidentiality, integrity, and availability of the Boomi Services. Boomi demonstrated the necessary technical controls in place, and formalized IT security and privacy procedures and measures to safeguard and protect information from unauthorized access or compromise.

“Information security is a top priority for every organization globally,” said Neil Kole, Chief Information Officer at Boomi. “Achieving ISO certifications for the entire Boomi platform demonstrates our commitment to protecting our information assets. Our customers and partners can rest assured that Boomi’s industry-leading security program is helping to keep their information secure.”

As one of the only integration platform as a service (iPaaS) vendors that is also FedRAMP Authorized, Boomi is consistently evolving to ensure its compliance security and privacy programs continue to meet the stringent regulatory standards set by governments and its nearly 20,000 worldwide customers.

More details on the compliance certifications and authorizations that Boomi has achieved can be found at https://boomi.com/compliance/.

Additional Resources

Learn more about the Boomi platform

Explore the Boomiverse Community

Follow Boomi on Twitter, LinkedIn, Facebook, and YouTube

About Boomi

Boomi aims to make the world a better place by connecting everyone to everything, anywhere. The pioneer of cloud-based integration platform as a service (iPaaS), and now a category-leading, global software as a service (SaaS) company, Boomi touts the largest customer base among integration platform vendors and a worldwide network of approximately 800 partners – including Accenture, Capgemini, Deloitte, SAP, and Snowflake. Global organizations turn to Boomi’s award-winning platform to discover, manage, and orchestrate data, while connecting applications, processes, and people for better, faster outcomes. For more information, visit https://www.boomi.com.

© 2023 Boomi, LP. Boomi, and the ‘B’ logo are trademarks of Boomi, LP or its subsidiaries or affiliates. All rights reserved. Other names or marks may be the trademarks of their respective owners.

 

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Contacts

Media:

Kristen Walker

Global Corporate Communications

kristenwalker@boomi.com

+1 415-613-8320

Bill Andrews of ExaGrid Recognized on CRN’s 2023 Top 100 Executives List

 

 ExaGrid President and CEO Honored in Top 25 Innovators category

 

(BUSINESS WIRE)--ExaGrid®, the industry's only Tiered Backup Storage solution, today announced that CRN®, a brand of The Channel Company, has named Bill Andrews, ExaGrid’s President and CEO, to its exclusive 2023 Top 100 Executives list, as one of the Top 25 Innovators.

This annual list honors the passionate and hard-working technology executives who are supporting, growing, and redefining the IT channel. The executives named to this list have demonstrated their commitment to the channel and proved themselves as exemplary leaders through their innovative channel-focused strategies and initiatives.

CRN’s Top 100 Executives list acknowledges the tech visionaries who are setting the pace for the rest of the IT industry. It honors executives across four sub-categories: the 25 Most Influential Executives, Top 25 Channel Sales Leaders, Top 25 Innovators and Top 25 Disrupters, each with its own set of strengths that impact the IT channel.

“I am honored to listed alongside so many amazing leaders in the IT channel and proud to be recognized as an ‘Innovator,’” said Bill Andrews, President and CEO of ExaGrid. “I've been in the high-tech industry at software and hardware companies for over 30 years, and every product that I've worked with in my career has always been an infrastructure product for the IT data center, and that expertise has translated to the innovations we have made at ExaGrid. We have a leading backup storage product and leading customer support. We know what customers want, how they want it, and how they want to be supported and we are excited to bring that to our channel partners to share with their customers,” he said.

Bill Andrews has spent over 18 years growing ExaGrid from a concept to a visionary player in backup storage with unique Tiered Backup Storage approach providing the only backup storage solution that solves all 6 backup storage requirements: backup performance, restore performance, a fixed-length backup window as data grows, comprehensive security and ransomware recovery, complete disaster recovery and low cost up front and over time. Bill is fanatical about product leadership, product quality, and ensuring the best customer support in the industry.

“It is the bold and decisive who continue to dominate our annual list in the technology world,” said Blaine Raddon, CEO of The Channel Company. “Those featured on our CRN 2023 Top 100 Executives list demonstrate perpetual commitment to business growth, partner success, and IT innovation and aren’t afraid to push boundaries – even in a time of economic uncertainty.”

The Top 100 Executives list will be featured in the August 2023 issue of CRN Magazine and online at www.CRN.com/Top100.

About ExaGrid
ExaGrid provides Tiered Backup Storage with a unique disk-cache Landing Zone, long-term retention repository, and scale-out architecture. ExaGrid’s Landing Zone provides for the fastest backups, restores, and instant VM recoveries. The Repository Tier offers the lowest cost for long-term retention. ExaGrid’s scale-out architecture includes full appliances and ensures a fixed-length backup window as data grows, eliminating expensive forklift upgrades and product obsolescence. ExaGrid offers the only two-tiered backup storage approach with a non-network-facing tier, delayed deletes, and immutable objects to recover from ransomware attacks.

ExaGrid has physical sales and pre-sales systems engineers in the following countries: Argentina, Australia, Benelux, Brazil, Canada, Chile, CIS, Colombia, Czech Republic, France, Germany, Hong Kong, India, Israel, Italy, Japan, Mexico, Nordics, Poland, Portugal, Qatar, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Turkey, United Arab Emirates, United Kingdom, United States, and other regions.

Visit us at exagrid.com and connect with us on LinkedIn. See what our customers have to say about their own ExaGrid experiences and learn why they now spend significantly less time on backup storage in our customer success stories. ExaGrid is proud of our +81 NPS score!

ExaGrid is a registered trademark of ExaGrid Systems, Inc. All other trademarks are the property of their respective holders.

About The Channel Company
The Channel Company enables breakthrough IT channel performance with our dominant media, engaging events, expert consulting and education, and innovative marketing services and platforms. As the channel catalyst, we connect and empower technology suppliers, solution providers, and end-users. Backed by more than 30 years of unequaled channel experience, we draw from our deep knowledge to envision innovative solutions for ever-evolving challenges in the technology marketplace. www.thechannelcompany.com

Follow The Channel Company: Twitter and LinkedIn.

© 2023. CRN is a registered trademark of The Channel Company LLC. All rights reserved.

 

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Contacts

Mary Domenichelli
ExaGrid
mdomenichelli@exagrid.com

Natalie Lewis
The Channel Company
nlewis@thechannelcompany.com

Energy Vault Announces Commencement of Commissioning of World’s First EVx™ Gravity Energy Storage System

 

After achieving mechanical completion of the critical power electronic components, commissioning of the newly constructed EVx started in June as planned, and is expected to be fully interconnected to the local state utility grid in the fourth quarter of this year

The system will be the world’s first commercial, grid-scale gravity energy storage system that offers a more economical, scalable and sustainable alternative to existing pumped hydroelectric plants that currently represent ~90% of all energy storage capacity globally

Constructed just outside of Shanghai adjacent to a wind turbine farm, the 25 MW EVx system will be one of the largest long duration energy storage systems in the world

(BUSINESS WIRE)--Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault" or the “Company”), a leader in sustainable, grid-scale energy storage solutions, today announced, along with its partners Atlas Renewable and China Tianying (CNTY), that the world’s first grid-scale EVx™ gravity energy storage system (GESS) has entered the first phases of commissioning.

Located outside of Shanghai in Rudong, Jiangsu Province, China, the 25 MW/100 MWh EVx GESS is built adjacent to a wind farm and a national grid interconnection site to augment and balance China’s national energy grid through the storage and delivery of renewable energy. Commissioning began in June on the power electronics and new ultra-efficient “ribbon” lifting systems. The system is expected to be fully grid interconnected in Q4 as planned with local state grid authorities, making EVx the world’s first commercial, utility scale non-pumped hydro gravity energy storage system. Building on the excellent round trip efficiency (RTE) results (above 75%) of the first 5 MW EV1 Tower that was grid interconnected in Switzerland in mid-2020, the new EVx system with its efficiency chain design enhancements is expected to have RTE above 80%, placing the new gravity system as a leader in energy storage efficiency versus all other forms of mechanical, thermodynamic processes, compressed air or flow battery systems.

“Happy to share our continued progress and a critical milestone achieved with our partners Atlas Renewable and China Tianying related to commencement of commissioning activities of the world’s first EVx gravity energy storage system,” said Robert Piconi, Chairman and Chief Executive Officer of Energy Vault. “The team’s pace and quality of development since the start of construction in March 2022 has been extraordinary, especially when considering the backdrop of two COVID related work stoppages in the first year of construction alone. While this represents a significant milestone, our work in China is just beginning given recent local announcements of multi-GW hours of gravity energy storage buildouts, including projects announced in 2022 supporting China’s “Zero-carbon parks” initiative with Energy Vault’s gravity energy storage technology. Look forward to sharing more on this first EVx deployment and our planned future gravity technology deployments globally as we see increasing demand for longer duration energy storage.”

Eric Fang, Chief Executive Officer, Atlas Renewable, stated: “This milestone could not have been achieved without the unprecedented collaboration between the collective teams in the U.S. and China, as the world’s two largest economies have joined forces to meaningfully address climate change. Energy Vault’s breakthrough, innovative technology is on the cusp of playing a critical role in supporting China’s clean energy transition and 30-60 decarbonization policy. We remain focused on an efficient system commissioning process in order to begin storing and dispatching renewable energy to China’s national grid in full alignment with local and state grid authorities. This first deployment of Energy Vault’s EVx technology will serve as a model for global decarbonization technology partnerships, and as we have previously announced, are already working on multi-GWh deployments of Energy Vault’s gravity technology in China to support and ideally accelerate China’s current 30-60 net carbon neutral plans.”

Highlighting the market adoption of Energy Vault’s gravity technology, China Tianying's subsidiary, Jiangsu Nengying New Energy Technology Development Co., Ltd., announced last week that it has entered into an agreement with the People's Government of Huailai County to build an additional 100 MWh gravity energy storage project in Huailai County, Hebei Province, China. The project, to be located in Cunrui Town, will provide stable and eco-friendly green electricity to data centers in the region. This expansion highlights the strong demand and value proposition for Energy Vault’s gravity energy storage technology, the execution of the local construction and business development teams, and the impact that Energy Vault’s gravity energy storage technology can have in the very near term in reducing carbon emissions across the globe. Energy Vault will provide more details on this expansion during the Company’s second quarter 2023 earnings conference call scheduled for August 8, 2023.

Additionally, on July 26, the National Energy Administration of China released a comprehensive roster of significant technical equipment projects scheduled for 2023 within the energy sector. Notably, Energy Vault's EVx gravity energy storage solution received prominent recognition in this announcement. The document highlights the substantial surge in demand for renewable energy sources and emphasizes the indispensable role of gravity energy storage in the crucial mission of global decarbonization.

About Energy Vault

Energy Vault® develops and deploys utility-scale energy storage solutions designed to transform the world's approach to sustainable energy storage. The Company's comprehensive offerings include proprietary gravity-based storage, battery storage, and green hydrogen energy storage technologies. Each storage solution is supported by the Company’s hardware technology-agnostic energy management system software and integration platform. Unique to the industry, Energy Vault’s innovative technology portfolio delivers customized short-and-long-duration energy storage solutions to help utilities, independent power producers, and large industrial energy users significantly reduce levelized energy costs while maintaining power reliability. Utilizing eco-friendly materials with the ability to integrate waste materials for beneficial reuse, Energy Vault’s EVx™ gravity-based energy storage technology is facilitating the shift to a circular economy while accelerating the global clean energy transition for its customers. Please visit www.energyvault.com for more information.

Forward-Looking Statements

This press release includes forward-looking statements that reflect the Company’s current views with respect to, among other things, the Company’s operations and financial performance. Forward-looking statements include information concerning possible or assumed future results of operations, including descriptions of our business plan and strategies. These statements often include words such as “anticipate,” “expect,” “suggest,” “plan,” “believe,” “intend,” “project,” “forecast,” “estimates,” “targets,” “projections,” “should,” “could,” “would,” “may,” “might,” “will” and other similar expressions. We base these forward-looking statements or projections on our current expectations, plans and assumptions, which we have made in light of our experience in our industry, as well as our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances at the time. These forward-looking statements are based on our beliefs, assumptions and expectations of future performance, taking into account the information currently available to us. These forward-looking statements are only predictions based upon our current expectations and projections about future events. These forward-looking statements involve significant risks and uncertainties that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements, including changes in our strategy, expansion plans, customer opportunities, future operations, future financial position, estimated revenues and losses, projected costs, prospects and plans; the uncertainly of our bookings and backlogs equating to future revenue; the lack of assurance that non-binding letters of intent and other indication of interest can result in binding orders or sales; the possibility of our products to be or alleged to be defective or experience other failures; the implementation, market acceptance and success of our business model and growth strategy; our ability to develop and maintain our brand and reputation; developments and projections relating to our business, our competitors, and industry; the ability of our suppliers to deliver necessary components or raw materials for construction of our energy storage systems in a timely manner; the impact of health epidemics on our business and the actions we may take in response thereto; our expectations regarding our ability to obtain and maintain intellectual property protection and not infringe on the rights of others; expectations regarding the time during which we will be an emerging growth company under the JOBS Act; our future capital requirements and sources and uses of cash; our ability to obtain funding for our operations and future growth; our business, expansion plans and opportunities and other important factors discussed under the caption “Risk Factors” in our Quarterly Report on Form 10-Q for the quarter ended September 30, 2022, and in our Annual Report on Form 10-K for the year ended December 31, 2022, as such factors may be updated from time to time in its other filings with the SEC, accessible on the SEC’s website at www.sec.gov. New risks emerge from time to time and it is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. Any forward-looking statement made by us in this press release speaks only as of the date of this press release and is expressly qualified in its entirety by the cautionary statements included in this press release. We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable laws. You should not place undue reliance on our forward-looking statements.

 

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Contacts

 

Energy Vault

Investors

energyvaultIR@icrinc.com

Media

media@energyvault.com

Forescout's New Risk and Exposure Management Solution Delivers Streamlined, Quantitative Approach to Cyber Asset Risk Management

 SAN JOSE, Calif. - Tuesday, 01. August 2023 AETOSWire

Gives enterprises overwhelmed by rapid asset growth and a widening attack surface a more intuitive way to identify and respond to exposure gaps

(BUSINESS WIRE)--Forescout, a global leader in cybersecurity, today unveiled Risk and Exposure Management, its cloud-native product designed to collate all data sources associated with an enterprise’s connected assets and calculate a unique multifactor risk score for each asset, offering a more intuitive and quantitative approach to risk prioritization.

Enterprises’ attack surfaces are expanding daily given the technology and business dynamics at play. Security teams realize that existing approaches to cyber asset management can’t effectively scale to meet the diversity of asset types or track configuration and risk posture changes for their assets, making it exceedingly more difficult to conduct expeditiously any incident analysis. The new Risk and Exposure Management solution addresses this challenge by tracking the changes to posture on a unique status-over-time view for every individual asset and enables security teams to act on intuitive cyber risk intelligence, through security workflow automation driven by the Forescout Platform.

According to Forrester, CISOs are readily seeking new approaches to attack surface management that not only better support their teams, but also prove to their boards how they’re reducing risk exposure based on the effectiveness of their security investments. The analyst firm also found that “Among security decision-makers, 73% report that their firm is adopting attack surface management; a further 15% plan to implement it in the next 12 months.”1

“Enterprises require a simplified way to maintain both real-time and persistent asset intelligence for every asset – managed or unmanaged, physical or virtual, including OT/ICS, IoT devices and specialty subsets such as medical devices,” said Barry Mainz, Forescout CEO and President. “We’ve invested heavily in the Forescout Platform, and the enhancements we are making with the availability of Forescout® Risk and Exposure Management provide that intelligence to help security teams effectively prove a reduction in risk posture of their enterprises’ evolving attack surfaces.”

The use cases and benefits of Forescout Risk and Exposure Management are:

Cybersecurity Asset Management: Discover and classify every device across any environment (90 days retention) to help IT security teams leverage asset context and status trends to streamline their operations.

Persistent Asset Risk Intelligence: Gain situational awareness of cybersecurity risk posture based on exposure from vulnerabilities and misconfiguration with a unique multifactor risk score.

Accelerated Incident Response: Leverage historical asset context to aid analysts’ proactive investigation of risks and reactive response to incidents and events to help minimize the blast radius and reduce mean-time-to-resolution (MTTR).

Enhanced IoT Security: Leverage high-fidelity IoT classification through non-disruptive, passive discovery techniques for deployment flexibility, with real-time identification of xIoT vulnerabilities to help security teams understand the attack surface and prioritize response actions.

Enhanced Medical Device Security: Clear and concise risk assessment of each connected medical device based on known exposures, attack potential and operational criticality, with insights into FDA class and recall status, to help ensure security without impacting patient care.

In leveraging this product’s capabilities, enterprises can feasibly obtain comprehensive asset intelligence and build a solid foundation for cyber asset attack surface management.

To learn more about the importance of adopting Forescout Risk and Exposure Management, please visit www.forescout.com/products/rem/ and sign up for a demo www.forescout.com/rem.

About Forescout

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1 Forrester The State Of Vulnerability Risk Management, 2023 Report - March 15, 2023

 

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First half of 2023: Boehringer Ingelheim sees strong growth and expansion in key therapy areas

INGELHEIM, Germany - Tuesday, 01. August 2023

Areas of progress include rare skin diseases, cardio-renal-metabolic diseases, and immuno-oncology

Jardiance® and NexGard® portfolios drive strong growth

First half 2023 net sales up 9.7 percent at 12.2 billion EUR year on year and currency-adjusted

 

(BUSINESS WIRE)--Boehringer Ingelheim, a leading research-driven biopharmaceutical company, continues to advance its pipeline in both Human Pharma and Animal Health expanding across its key therapy areas.

Currency-adjusted net sales rose by 9.7 percent to 12.2 billion EUR driven by high demand for medications during the first six months of 2023, driven by strong momentum in Jardiance® for Human Pharma and NexGard® for Animal Health.

“True innovation addressing high unmet patients’ needs has enabled us to reach ever more patients in the first half of this year,” said Hubertus von Baumbach, Chairman of the Board of Managing Directors. “Persistent and above-average investments in our pipeline during the last years have resulted in many new treatment options for patients in the years to come, thus transforming lives for generations.”

Boehringer Ingelheim continued expanding its pipeline portfolio through in-house as well as external innovation – 15 new innovation partnerships were formed in areas such as cancer immunology, fibrotic lung diseases and retinal diseases. Overall, the company has committed to invest 25 billion EUR in Research & Development and an additional 7 billion EUR for new production technologies over the next five years.

Net sales in Human Pharma were up 11.3 percent (currency-adjusted) at 9.6 billion EUR in the first half of the year, mainly driven by the Jardiance® family at 3.5 billion EUR and the respiratory medicine OFEV® at 1.7 billion EUR.

Jardiance® experienced strong momentum in the first six months of 2023. It is expected to grow following additional regulatory action for treatment of chronic kidney disease. Worldwide 850 million people1 live with this disease. With the addition to existing indications in type 2 diabetes and heart failure, Jardiance® will potentially be able to help manage cardio-renal-metabolic conditions. Over 1 billion people live with cardio-renal-metabolic conditions globally2.

In oncology, the company’s MDM2-p53 agonist brigimadlin has advanced into the pivotal trial for the treatment of dedifferentiated liposarcoma, a rare cancer with limited treatment options so far. The clinical development of two additional investigational therapies (zongertinib, also known as BI 1810631, and BI 764532) from the oncology pipeline has been accelerated based upon positive early clinical data.

The PDE4b agonist BI 1015550 is now in two clinical Phase III trials for the treatment of Idiopathic Pulmonary Fibrosis (IPF) and Progressive Pulmonary Fibrosis. Patient recruitment for trial investigating BI 10105550 in IPF is well ahead of plan.

“We have become very successful in bringing new products through our pipeline addressing patients’ needs faster,” said Michael Schmelmer, Member of the Board of Managing Directors, responsible for Finance & Group Functions. “We expect to further increase our R&D spending as clinical trials progress into late-stage phases.”

Animal Health recorded growth in Pets and Livestock, with sales increasing by 3.8 percent (currency-adjusted) to 2.5 billion EUR in the first six months of the year. Net sales of NexGard®, a flea and tick prevention for dogs and cats, increased 9.2 percent (currency-adjusted) to 644 million EUR, while Ingelvac Circoflex®, a vaccine used to protect pigs against porcine circovirus type 2, rose 8.7 percent to 127 million EUR.

In addition, the company complemented its market-leading NexGard® portfolio through FDA approvals for NexGard® PLUS, a new monthly combination product for dogs that protects against fleas, ticks, heartworm disease, roundworms and hookworms, and NexGard® COMBO, the first-and-only feline broad-spectrum parasite protection that treats tapeworms.

The Animal Health business has made further progress in the pipeline development in infectious and non-infectious diseases for Pets and Livestock and is preparing for the launch of a highly innovative oral product for diabetes in cats.

For the remainder of the year Boehringer Ingelheim expects more progress in its innovation efforts, such as data readout for a Phase III trial with empagliflozin in patients after myocardial infarction and upcoming regulatory action for OFEV® in children and adolescents between 6-17 years with interstitial lung disease.

Looking forward, the company aims to achieve more than 30 new medical approvals in Human Pharma by 2029 and expects around 20 product launches in Animal Health through 2025.

Click here for the full release: Boehringer Ingelheim half-year results 2023 | Boehringer Ingelheim (boehringer-ingelheim.com)

References:

1Li P, et al. Braz J Med Biol Res. 2020; 53(3): e9614.

2Schechter, M. et al. Cardiovasc Diabetol. 2022:21;104.

 

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Contacts

Harro Ten Wolde

Head of Global Media Relations

Email: harro.ten_wolde@boehringer-ingelheim.com

Phone Number: +49 (6132) 77-181352