LBC

ClarkDietrich Launches Line of Low Embodied Carbon Steel Framing Products

Retrieved on: 
Thursday, March 21, 2024
Carbon, LBC, Freedom, Built environment, General Services Administration, Corporate sustainability, Steel, LEC, Climate, Transport, Private sector, WELL, GSA, EPD, Interim, LEED, EAF, Mining, Engineered wood

WEST CHESTER, Ohio, March 21, 2024 /PRNewswire/ -- ClarkDietrich, the largest manufacturer of cold-formed steel framing products in North America, is introducing a new line of low embodied carbon (LEC) steel framing products, giving architects and engineers greater freedom in designing sustainable buildings.

Key Points: 
  • WEST CHESTER, Ohio, March 21, 2024 /PRNewswire/ -- ClarkDietrich, the largest manufacturer of cold-formed steel framing products in North America, is introducing a new line of low embodied carbon (LEC) steel framing products, giving architects and engineers greater freedom in designing sustainable buildings.
  • The new offerings make ClarkDietrich the first steel framing manufacturer to offer LEC products nationwide.
  • ClarkDietrich's LEC cold-formed steel is manufactured using steel coils from electric arc furnace (EAF) mills—as opposed to basic oxygen furnaces (BOFs), which are commonly used in steel production—resulting in products with 30 percent less embodied carbon than their standard counterparts.
  • This EPD covers Low Embodied Carbon (LEC) Cold-Formed Steel Products as defined by the United States General Services Administration's (GSA) Interim IRA Low Embodied Carbon Material Requirements and qualifies for the top 20 percent limit for cold-formed and galvanized steel products (U.S. GSA, 2023), as well as private sector LEED projects looking to achieve low embodied carbon optimization.

WaFd, Inc. Receives Regulatory Approval for Acquisition of Luther Burbank Corporation

Retrieved on: 
Tuesday, January 30, 2024
Washington Federal, Luther Burbank, LBC, Knowledge, Corporate action, Political lists, Federal Deposit Insurance Corporation, Agreement, Federal Reserve, Plan, Financial institution, Federal Bank

This merger will expand WaFd Bank’s footprint to nine western states with the addition of ten California branches of Luther Burbank.

Key Points: 
  • This merger will expand WaFd Bank’s footprint to nine western states with the addition of ten California branches of Luther Burbank.
  • “Regulatory approval of this merger with Luther Burbank affirms WaFd Bank’s position as an important financial resource for the communities we serve,” said Brent Beardall, President, and Chief Executive Officer of WaFd Bank.
  • System and brand integration efforts are expected to be completed in the first week of March 2024 so that Luther Burbank customers can quickly and efficiently access the WaFd Bank platform and service offerings.
  • As previously announced, WaFd will be welcoming two directors from Luther Burbank to join the WaFd, Inc. and WaFd Bank Boards of Directors.

WaFd, Inc. Receives Regulatory Approval for Acquisition of Luther Burbank Corporation

Retrieved on: 
Tuesday, January 30, 2024
Banking, Professional Services, Finance, Washington Federal, Luther Burbank, LBC, Knowledge, Corporate action, Federal Deposit Insurance Corporation, Agreement, Federal Reserve, Plan, Financial institution, Federal Bank

WaFd, Inc. (NASDAQ: WaFd), the parent company of Washington Federal Bank (“WaFd Bank”), and Luther Burbank Corporation (NASDAQ: LBC, “Luther Burbank”), the parent company of Luther Burbank Savings, jointly announced today that they received the required regulatory approvals from the Federal Deposit Insurance Corporation and the Washington State Department of Financial Institutions for Luther Burbank Savings to be merged with and into Washington Federal Bank, and from the Board of Governors of the Federal Reserve System for Luther Burbank to be merged with and into WaFd, Inc., on the terms and subject to the conditions of the Agreement and Plan of Reorganization, dated as of November 13, 2022, by and between Luther Burbank and WaFd (the “Merger Agreement”).

Key Points: 
  • WaFd, Inc. (NASDAQ: WaFd), the parent company of Washington Federal Bank (“WaFd Bank”), and Luther Burbank Corporation (NASDAQ: LBC, “Luther Burbank”), the parent company of Luther Burbank Savings, jointly announced today that they received the required regulatory approvals from the Federal Deposit Insurance Corporation and the Washington State Department of Financial Institutions for Luther Burbank Savings to be merged with and into Washington Federal Bank, and from the Board of Governors of the Federal Reserve System for Luther Burbank to be merged with and into WaFd, Inc., on the terms and subject to the conditions of the Agreement and Plan of Reorganization, dated as of November 13, 2022, by and between Luther Burbank and WaFd (the “Merger Agreement”).
  • This merger will expand WaFd Bank’s footprint to nine western states with the addition of ten California branches of Luther Burbank.
  • “Regulatory approval of this merger with Luther Burbank affirms WaFd Bank’s position as an important financial resource for the communities we serve,” said Brent Beardall, President, and Chief Executive Officer of WaFd Bank.
  • As previously announced, WaFd will be welcoming two directors from Luther Burbank to join the WaFd, Inc. and WaFd Bank Boards of Directors.

BD, Techcyte Announce Strategic Collaboration to Offer AI-Based Digital Cervical Cytology System for Pap Testing

Retrieved on: 
Tuesday, January 30, 2024
LBC, Mortality, Artificial intelligence, Woman, Marie Cassidy, Patient, IVD, U.S. FDA, Fatigue, AI, Cancer, BDX, Human papillomavirus infection, Cell, Cervical cancer, Pap test, FDA, Distraction, HPV, IVDR, CE, Certification, Medical device

FRANKLIN LAKES, N.J. and OREM, Utah, Jan. 30, 2024 /PRNewswire/ -- BD (Becton, Dickinson and Company) (NYSE: BDX), a leading global medical technology company, and Techcyte, a world leader in artificial intelligence (AI)-based digital diagnostics, today announced a strategic collaboration agreement to offer an AI-based algorithm that guides cytologists and pathologists to efficiently and effectively identify evidence of cervical cancer and precancer using whole-slide imaging.

Key Points: 
  • With the digital cervical cytology system, the samples can be scanned, converted to a digital slide image, and then reviewed on a computer monitor in a lab or from a remote location.
  • In addition, the digital cervical cytology system uses an AI-based algorithm to prioritize and present clinically relevant cells for visual evaluation.
  • "Eye strain, fatigue, distractions, and intense workloads can make manually reading Pap smears difficult," said Ben Cahoon, CEO of Techcyte.
  • "Our digital workflow supported by an AI-based algorithm can assist lab professionals in delivering consistent results for their patients.

LBC Credit Partners Promotes Homyar Choksi to Deputy Chief Investment Officer

Retrieved on: 
Thursday, January 25, 2024
Finance, Consulting, Banking, Professional Services, Asset Management, LBC, Senior, University, Commerce, Economics, Legacy, Purdue University, Growth, Security (finance)

LBC Credit Partners (“LBC”), one of the leading providers of financing solutions to middle market companies and a division of CIFC Asset Management LLC (“CIFC”), today announced the promotion of Homyar Choksi to Deputy Chief Investment Officer.

Key Points: 
  • LBC Credit Partners (“LBC”), one of the leading providers of financing solutions to middle market companies and a division of CIFC Asset Management LLC (“CIFC”), today announced the promotion of Homyar Choksi to Deputy Chief Investment Officer.
  • Based in LBC’s Radnor, Pennsylvania headquarters, Mr. Choksi will continue to serve on the firm’s Investment Committee and lead the originations team while assuming additional investment responsibilities.
  • “Homyar is an incredibly experienced, thoughtful, and creative investment professional who has deep relationships within the private equity and direct lending communities,” said John Brignola, Senior Managing Partner of LBC.
  • Mr. Choksi’s appointment follows an active start to 2024 for LBC as the firm continues to execute on a robust deal pipeline across sectors.

Seasoned Financial Expert Max Yzaguirre Named Strategic Advisor of FireFly Automatix, Leader in AV and EV-Driven Professional Turfgrass Mowing Technology

Retrieved on: 
Tuesday, January 23, 2024
Engineering, Environment, Technology, Manufacturing, Agritech, Green Technology, Machinery, LBC, Moses Austin, Multimedia, Culture, Electricity, Business administration, University, Government, AV, EV, Telecommunications, Firefly, WPP plc, Altria, ARIS, Management

FireFly Automatix , Inc., the de facto industry leader in AV and EV professional turfgrass mowing technology, today announced the appointment of financial and leadership expert M. Max Yzaguirre as a strategic advisor to CEO Andrew Limpert and the board of directors.

Key Points: 
  • FireFly Automatix , Inc., the de facto industry leader in AV and EV professional turfgrass mowing technology, today announced the appointment of financial and leadership expert M. Max Yzaguirre as a strategic advisor to CEO Andrew Limpert and the board of directors.
  • Yzaguirre’s appointment follows the recent additions of former WPP Group CFO Paul Richardson and capital markets professional Liz Hocker to FireFly’s board.
  • View the full release here: https://www.businesswire.com/news/home/20240123635750/en/
    Max M. Yzaguirre is now a strategic advisor to FireFly Automatix.
  • Together with the newly-appointed independent board and advisory members, these advances will assist in propelling FireFly’s expansion in 2024 and beyond.

LBC Credit Partners Supports Growth Financing for Ambient Enterprises

Retrieved on: 
Wednesday, January 10, 2024
LBC, Real assets, Credit, London Stock Exchange, Heat, Partnership, Air conditioning, Pacific Northwest, History, Private equity, Ventilation, Consumer, Environment, Investment, HVAC, ICG, Intermediate Capital Group, Ambient, DMG, Security (finance)

RADNOR, Pa., Jan. 10, 2024 /PRNewswire/ -- LBC Credit Partners ("LBC"), one of the leading providers of financing solutions to middle market companies, provided a senior secured credit facility to Ambient Enterprises LLC ("Ambient"), a portfolio company of Intermediate Capital Group ("ICG").

Key Points: 
  • RADNOR, Pa., Jan. 10, 2024 /PRNewswire/ -- LBC Credit Partners ("LBC"), one of the leading providers of financing solutions to middle market companies, provided a senior secured credit facility to Ambient Enterprises LLC ("Ambient"), a portfolio company of Intermediate Capital Group ("ICG").
  • The financing helped support Ambient's refinancing of its existing debt facility, the recent partnership with Johnson Barrow & DMG HVAC, and ongoing organic and inorganic growth initiatives.
  • LBC served as Sole Lead Arranger and Syndication Agent for the senior secured credit facility.
  • Ambient is a collective of heating, ventilation and air conditioning ("HVAC") design and implementation experts.

Allsteel Aspect Receives Declare Label Certification

Retrieved on: 
Tuesday, November 28, 2023
Carbon, LBC, Verson Allsteel Press Co., Corporate social responsibility, HNI, Workplace, Environmental health, Aspect

CHICAGO, Nov. 28, 2023 /PRNewswire/ -- Allsteel, a leading innovator in workplace furnishings and architectural product solutions, is proud to announce that their Aspect wall solution system has achieved Declare Label (LBC Compliant).

Key Points: 
  • CHICAGO, Nov. 28, 2023 /PRNewswire/ -- Allsteel, a leading innovator in workplace furnishings and architectural product solutions, is proud to announce that their Aspect wall solution system has achieved Declare Label (LBC Compliant).
  • The Declare Label is a disclosure that serves as the "nutrition label for building products" and represents product chemical transparency, making it easier for specifiers to identify products that support human and environmental health.
  • Aspect is a frameless glass system that creates visual transparency for offices and conference rooms while maintaining acoustical privacy.
  • The Declare Label highlights the Aspects forward-looking design with a remarkable 30-year lifespan, significantly reducing its carbon footprint.

CAES Awarded Production Contract from US Navy for New AN/ALQ-99 Low Band Transmitter

Retrieved on: 
Wednesday, October 25, 2023
Mobile, Wireless, Technology, Aerospace, Software, Manufacturing, Networks, Government Technology, Internet, Hardware, Defense, LBC, Global War on Terrorism Service Medal, Environment, U.S. Navy Cyber Forces, RAAF, Royal Australian Air Force, 831st Tactical Aviation Brigade, LBT, Liberty, Partnership, Multimedia, Arms industry, Online shopping, Gasoline, CAES, United States Navy

CAES , a leading provider of mission-critical advanced electronics, has been awarded a contract from the U.S. Navy for production of the AN/ALQ-99 Low Band Consolidation (LBC) transmitter.

Key Points: 
  • CAES , a leading provider of mission-critical advanced electronics, has been awarded a contract from the U.S. Navy for production of the AN/ALQ-99 Low Band Consolidation (LBC) transmitter.
  • This award also includes new special test equipment and follows a contract for the initial pre-production phase of the LBC.
  • Photo Credit: U.S. Navy (Photo: Business Wire)
    “We are proud of our longstanding partnership with the U.S. Navy on next-generation electronic warfare technology,” said Mike Kahn, CAES president and CEO.
  • “The LBC brings critical upgrades to the AN/ALQ-99 Low Band Transmitter (LBT) to combat evolving and emerging threats.”
    The LBC is a modification to the AN/ALQ-99 LBT.

Cox Enterprises Announces the 2023 Cox Conserves Heroes Winners

Retrieved on: 
Friday, October 20, 2023
Second Place, Biodegradable waste, Education, Public policy, Health, Local government, Carbon, Organization, Cox Enterprises, Volunteering, Rethinking, Cox, Environment, Drinking water, Planet, Economic development, LBC, Culture, Tennessee River, Gardening, Climate change, Tourism, Recycling, Atlanta

ATLANTA, Oct. 20, 2023 /PRNewswire/ -- This week, Cox Enterprises announced Dr. Shikha Bhattacharyya of Terre Haute, Indiana, and Cash Daniels of Chattanooga, Tennessee, are the 2023 Cox Conserves Heroes winners, along with the Atlanta nonprofit organization, Lifecycle Building Center (LBC).

Key Points: 
  • ATLANTA, Oct. 20, 2023 /PRNewswire/ -- This week, Cox Enterprises announced Dr. Shikha Bhattacharyya of Terre Haute, Indiana, and Cash Daniels of Chattanooga, Tennessee, are the 2023 Cox Conserves Heroes winners, along with the Atlanta nonprofit organization, Lifecycle Building Center (LBC).
  • Cox Conserves Heroes is part of Cox Enterprises' national sustainability initiative, designed to recognize youth and adult volunteers, as well as nonprofits, making a positive impact on our environment.
  • Since 2008, Cox Conserves Heroes has honored more than 200 nationwide volunteers who helped Cox make a significant impact on sustainability and environmental protection in our communities.
  • The 2023 Cox Conserves Heroes winners earned $30,000 each from The James M. Cox Foundation for the environmental nonprofit of their choice to continue growing the good in their communities.