ITAR

CORE Industrial Partners Portfolio Company PrecisionX Group Acquires National Manufacturing

Retrieved on: 
Dienstag, Mai 28, 2024
Machine Tools, Metalworking & Metallurgy, Professional Services, Business, Manufacturing, Finance, Asset Management, Machinery, CNC, Welding, Nickel, Haynes International, AS9100, ISO9001, Monel, Acquisition, Titanium, Tantalum, EDM, ITAR, ISO13485, Defibrillation, Electronics

CORE Industrial Partners (“CORE”), a manufacturing, industrial technology, and industrial services-focused private equity firm, announced today the acquisition of National Manufacturing Co. (“National” or the “Company”), a provider of specialty deep and shallow drawn stamping, by CORE portfolio company PrecisionX Group (“PrecisionX”).

Key Points: 
  • CORE Industrial Partners (“CORE”), a manufacturing, industrial technology, and industrial services-focused private equity firm, announced today the acquisition of National Manufacturing Co. (“National” or the “Company”), a provider of specialty deep and shallow drawn stamping, by CORE portfolio company PrecisionX Group (“PrecisionX”).
  • CORE previously acquired GEM Manufacturing, a provider of precision deep drawn metal components, in February 2023, and Coining, a provider of progressive die stamping as well as screw, CNC, and wire EDM machining capabilities, in June 2023, to form PrecisionX.
  • Headquartered in Piscataway, New Jersey, and operating in a 90,000 square foot facility with more than 150 machines, the Company holds ISO13485, AS9100, and ISO9001 certifications and an ITAR registration.
  • Matthew Puglisi, Partner at CORE, said, “We believe National is well-positioned at the forefront of the deep and shallow drawn specialty stamping space following decades of providing differentiated technical capabilities and outstanding customer service.

CORE Industrial Partners Completes Take-Private of Fathom Digital Manufacturing Corporation

Retrieved on: 
Mittwoch, Mai 22, 2024
Machine Tools, Metalworking & Metallurgy, IOT (Internet of Things), Technology, Defense, Other Manufacturing, Health Technology, Engineering, Government Technology, Chemicals, Plastics, Automotive Manufacturing, Aerospace, Health, Manufacturing, CNC, Partnership, IS0, ISO 9001, AS9100, IOT, ITAR, ISO, Management

CORE Industrial Partners (“CORE”), a manufacturing, industrial technology, and industrial services-focused private equity firm, announced today the successful completion of its take-private transaction of Fathom Digital Manufacturing Corporation (“Fathom” or the “Company”), a provider of on-demand digital manufacturing services.

Key Points: 
  • CORE Industrial Partners (“CORE”), a manufacturing, industrial technology, and industrial services-focused private equity firm, announced today the successful completion of its take-private transaction of Fathom Digital Manufacturing Corporation (“Fathom” or the “Company”), a provider of on-demand digital manufacturing services.
  • As a result of the transaction, Fathom Class A common stock has ceased trading and will no longer be listed on the New York Stock Exchange.
  • Carey Chen, CEO of Fathom, said, ”CORE’s continued partnership and support will help Fathom fulfill its mission to accelerate manufacturing innovation for some of the largest companies in the world.
  • We believe Fathom is a leader in the Industry 4.0 digital manufacturing revolution, and we are excited to work with the Fathom team to continue to build on the Company’s success.”

Mayville Engineering Company Announces First Quarter 2024 Results

Retrieved on: 
Dienstag, Mai 7, 2024
Engineering, Chemicals, Plastics, Automotive Manufacturing, Manufacturing, Other Manufacturing, Machinery, Agriculture, Investment, MSA, Certification, OEM, MUV, SIOP, Original equipment manufacturer, MEC, Automation, CARC, Steel, Acquisition, Plastic, MBX, ATV, Adjustment, Mining, ITAR, Growth, Forestry

Net sales to the powersports market were $30.3 million in the first quarter of 2024, an increase of 25.7% versus the prior-year period.

Key Points: 
  • Net sales to the powersports market were $30.3 million in the first quarter of 2024, an increase of 25.7% versus the prior-year period.
  • Net sales to other end markets for the first quarter of 2024 were $20.7 million, an increase of 109.5% year-over-year.
  • As of the end of the first quarter of 2024, the Company had held over 30 MBX kaizen events which contributed to improved margins and inventory optimization.
  • During the first quarter of 2024, the Company repaid $7.9 million of debt incurred in conjunction with the MSA acquisition.

Precision Aerospace Holdings, LLC Acquires Owens Machine and Tool Company

Retrieved on: 
Dienstag, Mai 7, 2024
Other Defense, Machinery, Contracts, Machine Tools, Metalworking & Metallurgy, Transportation, Defense, Travel, Other Manufacturing, Engineering, Air, Transport, Aerospace, Manufacturing, CNC, AS9100, Partnership, CIC, Titanium, Acquisition, ITAR, Precision, Growth

Dallas-based Precision Aerospace Holdings LLC (Precision), a leading manufacturer of precision machined aerospace and defense components, has acquired Owens Machine and Tool Company (Owens).

Key Points: 
  • Dallas-based Precision Aerospace Holdings LLC (Precision), a leading manufacturer of precision machined aerospace and defense components, has acquired Owens Machine and Tool Company (Owens).
  • Owens produces complex, multifaceted parts, tooling and prototypes utilizing multi-axis machine tools and best-in-class cutting tools.
  • It was established in 1986 to develop and sell complex machine components, primarily to the aerospace and defense industries.
  • “The Owens team has deep experience that expands our broad capabilities to provide world-class service to aerospace and defense industries.

GigaIO and SourceCode Launch First Ever Suitcase-sized AI Supercomputer

Retrieved on: 
Montag, Mai 6, 2024
Technology, Semiconductor, Software, Networks, Internet, Hardware, Data Management, Artificial Intelligence, Consumer Electronics, TSA, GEOINT, AI, Department of Defence, Partnership, Telephone numbers in Hungary, Ventilation, Workload, Intelligence, GPU, Head, Graphics processing unit, ITAR, Embedded, Architecture, Defense, Video game

GigaIO and SourceCode today announced the launch of Gryf, the industry’s most powerful mobile AI platform for tactical edge environments, at GEOINT 2024.

Key Points: 
  • GigaIO and SourceCode today announced the launch of Gryf, the industry’s most powerful mobile AI platform for tactical edge environments, at GEOINT 2024.
  • Billed as “Gryf, co-designed by GigaIO and SourceCode,” the system is the result of a unique technology collaboration between the companies that is designed to engineer complex customer solutions.
  • GigaIO provides award-winning open workload-defined infrastructure for AI and accelerated computing, and Source­Code is a global provider of co-designed, compliant IT systems for next generation intelligent infrastructure.
  • FabreX can disaggregate and re-aggregate GPUs and other system components in order to enable optimal hardware configurations for each workload.

JR Machine Secures Strategic Investment from Schneider Resources Holding to Launch Expansion

Retrieved on: 
Mittwoch, Mai 1, 2024
Organization, CNC, SRH, Shawano Community High School, AS9100, Partnership, ISO, History, Engineering, Alloy, Name, Boy, ITAR, Inconel, Fourth Industrial Revolution, Growth, DMG, Renewable energy

SHAWANO, Wis., May 1, 2024 /PRNewswire/ -- JR Machine, a distinguished contract manufacturer specializing in complex machined parts, has announced a significant boost to its capital through a partnership with Schneider Resources Holding (SRH).

Key Points: 
  • SHAWANO, Wis., May 1, 2024 /PRNewswire/ -- JR Machine, a distinguished contract manufacturer specializing in complex machined parts, has announced a significant boost to its capital through a partnership with Schneider Resources Holding (SRH).
  • SRH, a family-owned private investor, is now a majority equity member in JR Machine.
  • The investment from SRH positions JR Machine to grow in tandem with its customers as these markets, including space travel, continue to evolve.
  • With support from SRH, JR Machine plans to further invest in cutting-edge equipment, adopt new technologies, and explore potential complementary acquisitions.

Deltek Selected by Cyber Solutions Leader Optiv + ClearShark

Retrieved on: 
Montag, April 29, 2024
Cloud, DFARS, Software, ERP, Intelligence, Federation, Product management, Government, CMMC, ITAR, Defense, Risk management

HERNDON, Va., April 29, 2024 /PRNewswire/ -- Deltek, the leading global provider of software and solutions for project-based businesses, today announced that Optiv + ClearShark, a cybersecurity and IT solutions provider focused exclusively on serving the U.S. federal government, has selected Deltek's Costpoint GCCM to provide accounting, contract management and compliance solutions for its federal business, in order to streamline operations across the project lifecycle of its work with government agencies.

Key Points: 
  • Optiv + ClearShark provides a combination of cybersecurity technology and services across the U.S. government, including to civilian agencies, the Department of Defense and intelligence community.
  • "We look forward to leveraging Deltek Costpoint's capabilities within Optiv + ClearShark," says Andre van der Post, Vice President of Operations for Optiv + ClearShark .
  • "It's great to see a government contracting leader like Optiv + ClearShark select Deltek Costpoint GCCM as their streamlined and secure cloud-based solution," said Todd Walker, Vice President of Product Management at Deltek .
  • "Deltek is considered the industry standard for government contractors and provides firms like Optiv + ClearShark with the best of innovation and compliance as they work to achieve their business goals."

Radiance Technologies Promotes Mr. Seth Crochet to Vice President, General Counsel

Retrieved on: 
Freitag, April 26, 2024
Law, University, General counsel, ESOP, Employee Stock Ownership Plan, ERISA, ITAR, Lawyer, Nursing

HUNTSVILLE, Ala., April 26, 2024 /PRNewswire/ -- Radiance Technologies (Radiance) is pleased to announce the promotion of Mr. Seth Crochet to Vice President, General Counsel.

Key Points: 
  • HUNTSVILLE, Ala., April 26, 2024 /PRNewswire/ -- Radiance Technologies (Radiance) is pleased to announce the promotion of Mr. Seth Crochet to Vice President, General Counsel.
  • In his new role, Mr. Crochet will continue to oversee all legal matters within and related to Radiance while serving as the Secretary to the company's Board of Directors.
  • Demonstrating his commitment to the legal community, Mr. Crochet serves as an Alabama Lawyers Assistance Program Advocate, providing support and guidance to fellow lawyers in need.
  • "Throughout his tenure at Radiance, Seth has proven to be an invaluable asset to the company," said Radiance CEO Bill Bailey.

Databricks Achieves FedRAMP High Agency Authority to Operate for AWS GovCloud

Retrieved on: 
Dienstag, April 30, 2024
Public sector, LLP, Amazon Web Services, Government agency, AI, CUI, Intelligence, Federation, FedRAMP, Data, Synthetic media, IL5, Booz Allen Hamilton, Public, Senior, Federal, Private sector, Generative, Government, Drug discovery, Risk assessment, ITAR, Databricks, AWS, SAN, Accenture, Medical device

SAN FRANCISCO, April 30, 2024 /PRNewswire/ -- Databricks , the Data and AI company, announced today that it has received a Federal Risk and Authorization Management Program (FedRAMP®) High Agency Authority to Operate (ATO) for its cloud services on Amazon Web Services (AWS) GovCloud.

Key Points: 
  • SAN FRANCISCO, April 30, 2024 /PRNewswire/ -- Databricks , the Data and AI company, announced today that it has received a Federal Risk and Authorization Management Program (FedRAMP®) High Agency Authority to Operate (ATO) for its cloud services on Amazon Web Services (AWS) GovCloud.
  • "The recent attainment of FedRAMP High agency ATO on AWS GovCloud by Databricks enables us to offer their expanding data and AI capabilities to our government clients," said Dave Thomas, Principal, Deloitte Consulting, LLP.
  • By achieving its first FedRAMP High agency ATO on AWS GovCloud, the Databricks Data Intelligence Platform for Public Sector empowers government agencies and contractors to accelerate innovation while minimizing risk when working with highly sensitive private sector and public sector data.
  • The FedRAMP High agency ATO status assures customers that Databricks on AWS GovCloud meets the federal government's compliance requirements to support sensitive data intelligence use cases.

Databricks Achieves FedRAMP High Agency Authority to Operate for AWS GovCloud

Retrieved on: 
Dienstag, April 30, 2024
Public sector, LLP, Amazon Web Services, Government agency, AI, CUI, Intelligence, Federation, FedRAMP, Data, Synthetic media, IL5, Booz Allen Hamilton, Public, Senior, Federal, Private sector, Generative, Government, Drug discovery, Risk assessment, ITAR, Databricks, AWS, SAN, Accenture, Medical device

SAN FRANCISCO, April 30, 2024 /PRNewswire/ -- Databricks , the Data and AI company, announced today that it has received a Federal Risk and Authorization Management Program (FedRAMP®) High Agency Authority to Operate (ATO) for its cloud services on Amazon Web Services (AWS) GovCloud.

Key Points: 
  • SAN FRANCISCO, April 30, 2024 /PRNewswire/ -- Databricks , the Data and AI company, announced today that it has received a Federal Risk and Authorization Management Program (FedRAMP®) High Agency Authority to Operate (ATO) for its cloud services on Amazon Web Services (AWS) GovCloud.
  • "The recent attainment of FedRAMP High agency ATO on AWS GovCloud by Databricks enables us to offer their expanding data and AI capabilities to our government clients," said Dave Thomas, Principal, Deloitte Consulting, LLP.
  • By achieving its first FedRAMP High agency ATO on AWS GovCloud, the Databricks Data Intelligence Platform for Public Sector empowers government agencies and contractors to accelerate innovation while minimizing risk when working with highly sensitive private sector and public sector data.
  • The FedRAMP High agency ATO status assures customers that Databricks on AWS GovCloud meets the federal government's compliance requirements to support sensitive data intelligence use cases.