Protection

EQS-News: Ringmetall expands into the US market for inliners through acquisition of Protective Lining Corporation

Retrieved on: 
Sunday, January 22, 2023

In the course of an asset deal, the business operations of Protective Lining Corporation, based in New York, NY (USA), were acquired as of 6 January 2023.

Key Points: 
  • In the course of an asset deal, the business operations of Protective Lining Corporation, based in New York, NY (USA), were acquired as of 6 January 2023.
  • Nevertheless, Protective Lining has an optimal market positioning to further advance the expansion of the Ringmetall Group on the North American market.
  • "The opportunity for this acquisition arose against the background of an unresolved succession situation," confirms Christoph Petri, Spokesman of the Management Board of Ringmetall SE.
  • "Protective Lining has the ideal company size and market positioning for us to be able to grow quickly and profitably into the market for inliners in the USA via the acquisition and to drive the further consolidation of the market."

Chase Corporation Announces Fiscal First Quarter 2023 Results

Retrieved on: 
Thursday, January 5, 2023

Chase Corporation (NYSE American: CCF), a global specialty chemicals company that is a leading manufacturer of protective materials for high-reliability applications across diverse market sectors, today announced financial results for the first fiscal quarter ended November 30, 2022.

Key Points: 
  • Chase Corporation (NYSE American: CCF), a global specialty chemicals company that is a leading manufacturer of protective materials for high-reliability applications across diverse market sectors, today announced financial results for the first fiscal quarter ended November 30, 2022.
  • Our revenue growth was also supported by fully realized price increase benefits and rising demand within our Industrial Tapes business.
  • Chase has begun its repayments, allocating $15 million toward our credit revolver balance in the first quarter, and we intend to continue debt payments on a regular basis.
  • In the quarter we also had an income tax rate of 21.8% versus 25.8% in the year ago period.

Commercial Fire Protection Platform Better Protection Formed with Majority Investment From Abry Partners

Retrieved on: 
Tuesday, December 20, 2022

CHICAGO, Dec. 20, 2022 /PRNewswire/ -- Better Protection (the "Company"), a commercial fire protection provider servicing fire detection, alarm and suppression systems, today announced its launch as a new company formed by the combination of Chicago-based Assurant Fire Protection, Complete Fire Pump Service, and Xtreme Fire Protection. Combining these three companies establishes Better Protection as a leading fire and life safety business in the Chicagoland area with a full range of installation, inspection, and maintenance capabilities. Better Protection will leverage the combined scale, resources, and technology of the three businesses to grow into the convenient single source of service for our clients.

Key Points: 
  • In connection with today's announcement, Abry Partners, a Boston-based private equity firm, announced it has completed a strategic growth investment in Better Protection.
  • Matt will continue to be a part of the management team of Better Protection.
  • Xtreme Fire Protection was started in 2008 by Jim O'Malley, who will continue to be a part of the Better Protection management team.
  • All of us at Xtreme Fire Protection are extremely excited about joining the Better Protection team.

Cigna Named Corporate Sustainability Leader by Dow Jones for Sixth Consecutive Year

Retrieved on: 
Monday, December 19, 2022

BLOOMFIELD, Conn., Dec. 19, 2022 /PRNewswire/ -- Cigna Corporation, a global health service company, has been named an industry leader in corporate sustainability for the sixth consecutive year on the Dow Jones Sustainability Indices (DJSI), the most prestigious honor for corporate responsibility and sustainability performances.

Key Points: 
  • BLOOMFIELD, Conn., Dec. 19, 2022 /PRNewswire/ -- Cigna Corporation, a global health service company, has been named an industry leader in corporate sustainability for the sixth consecutive year on the Dow Jones Sustainability Indices (DJSI), the most prestigious honor for corporate responsibility and sustainability performances.
  • This honor also earns inclusion on both the Dow Jones Sustainability™ World Index (DJSI World) and the Dow Jones Sustainability North America Index (DJSI North America).
  • "This honor acknowledges the work we've done, and we are proud to be named as a leader in corporate sustainability.
  • Cigna maintains sales capability in over 30 countries and jurisdictions, and has more than 190 million customer relationships around the world.

Protect AI Secures $13.5M Seed Funding to Further MLSecOps

Retrieved on: 
Thursday, December 15, 2022

Protect AI , a cybersecurity company focused on the security of artificial intelligence and machine learning systems, emerged from stealth today with $13.5 million seed funding and its first product, NB Defense.

Key Points: 
  • Protect AI , a cybersecurity company focused on the security of artificial intelligence and machine learning systems, emerged from stealth today with $13.5 million seed funding and its first product, NB Defense.
  • Mark Kraynak and Ed Sim, respectively, join the Protect AI Board of Directors.
  • Protect AI will enable this end to end arc for AI systems, said Mark Kraynak, founding partner, Acrew Capital.
  • Furthermore, ML specific scanning and AI vulnerability remediation is not yet a priority for most CISOs, said Dan Plastina, former Vice President of AWS Security Services and advisory member to Protect AI.

Beko Lays Foundation Stone for new $100mn Home Appliance Plant in Egypt

Retrieved on: 
Friday, December 9, 2022

CAIRO, Dec. 9, 2022 /PRNewswire/ -- Beko Egypt for home appliances, a subsidiary of Arçelik, today celebrated laying the foundation stone for its first factory in Egypt on the 10th of Ramadan Industrial Zone, in the received land allocation with a total area of 114,000 m2.

Key Points: 
  • Salih Mutlu en, Turkey's Ambassador to Egypt, Mr. Fatih Kemal Ebiliolu, Ko Holding, Consumer Durables Group President, Hakan Bulgurlu, Arelik CEO and mit Gnel, Beko Egypt General Manager and high-level government officials.
  • We really look forward to seeing Beko tag made in Egypt very soon in the Egyptian market as well as foreign markets."
  • On his part, Beko Egypt General Manager mit Gnel stated "Today, we are witnessing a new milestone and opening a new gateway with the Beko factory in Egypt.
  • Beko is committed to protecting the planet by designing and manufacturing energy-efficient products and investing in resource efficiency in production.

Beko Lays Foundation Stone for new $100mn Home Appliance Plant in Egypt

Retrieved on: 
Friday, December 9, 2022

CAIRO, Dec. 9, 2022 /PRNewswire/ -- Beko Egypt for home appliances, a subsidiary of Arçelik, today celebrated laying the foundation stone for its first factory in Egypt on the 10th of Ramadan Industrial Zone, in the received land allocation with a total area of 114,000 m2.

Key Points: 
  • Salih Mutlu en, Turkey's Ambassador to Egypt, Mr. Fatih Kemal Ebiliolu, Ko Holding, Consumer Durables Group President, Hakan Bulgurlu, Arelik CEO and mit Gnel, Beko Egypt General Manager and high-level government officials.
  • We really look forward to seeing Beko tag made in Egypt very soon in the Egyptian market as well as foreign markets."
  • On his part, Beko Egypt General Manager mit Gnel stated "Today, we are witnessing a new milestone and opening a new gateway with the Beko factory in Egypt.
  • Beko is committed to protecting the planet by designing and manufacturing energy-efficient products and investing in resource efficiency in production.

Worldwide Multi-Factor Authentication Industry to 2027 - by Component, Authentication Model Type, Organization Size, Industry and Region

Retrieved on: 
Thursday, December 8, 2022

Revenue forecasts for this period are segmented based on component, authentication model type, organization size, industry and geography.

Key Points: 
  • Revenue forecasts for this period are segmented based on component, authentication model type, organization size, industry and geography.
  • This report also includes a discussion of technological, regulatory and competitive elements as well as economic trends affecting the market.
  • It explains the major drivers and regional dynamics of the global MFA market and current trends within the industry.
  • North America accounts for the largest market share of the global MFA market, followed by Europe and Asia Pacific.

Global Multi-Factor Authentication Market Report 2022 to 2027: Rising Adoption of MFA by Enterprises in Various Industries is Expected to Drive Growth - ResearchAndMarkets.com

Retrieved on: 
Monday, December 5, 2022

The rising number of identity thefts and breaches, as well as the increased use of IoT/BYOD devices, are driving up demand for MFA.

Key Points: 
  • The rising number of identity thefts and breaches, as well as the increased use of IoT/BYOD devices, are driving up demand for MFA.
  • Post pandemic, there has been a dramatic increase in cyber-based attacks boosting demand for MFA solutions.
  • MFA offers better security preparedness, reducing the risk of identity compromise by as much as 99.9% over passwords, alone.
  • The growing adoption of MFA by enterprises in various industries is expected to drive the market's growth, positively.

ProtectED Rooms Officially Launches with Bullet-Resistant Bookcase that Becomes Physical Barricade; Protects People in Violent Events such as Active Shooters and Civil Unrest

Retrieved on: 
Wednesday, November 30, 2022

ProtectED Rooms (ProtectED), creators of bullet-resistant security products to help protect people in violent situations, officially launched today with the introduction of its groundbreaking bookcase .

Key Points: 
  • ProtectED Rooms (ProtectED), creators of bullet-resistant security products to help protect people in violent situations, officially launched today with the introduction of its groundbreaking bookcase .
  • McAleer continued, It is a denial of entry tool with ballistic capabilities that prevents access, protects from gunfire, and helps deter or delay an attack.
  • ProtectED Rooms creates bullet-resistant security products to help protect people from violent situations such as active shooters and civil unrest in places such as schools, hospitals, workplaces, among others.
  • ProtectED Rooms is a Service-Disabled Veteran Owned Small Business (SDVOSB), based in Georgia with an office in Boston.