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BlueInGreen Sells Its 100th Installation

Arkansas-based water cleantech company surpasses milestone, disrupting industrial and municipal water treatment markets

(PRWeb August 12, 2020)

Read the full story at https://www.prweb.com/releases/blueingreen_sells_its_100th_installation/prweb17319362.htm

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Water treatment professionals benefit from a “fast-follower” approach to innovation by adopting innovative technologies that have already been proven in other industries.

“We’re disrupting the water treatment market, and our pace is accelerating.” – BlueInGreen President, CEO Chris Milligan, PE

BlueInGreen, LLC—a water cleantech company and provider of the most efficient method of dissolving oxygen, carbon dioxide and ozone into solution—has sold its 100th installation. These municipal and industrial water treatment installations span from coast to coast in the U.S. and Canada—serving countless applications in eight separate industries while treating over 1 billion combined gallons of water every day.

Co-founded by two University of Arkansas professors and VIC Technology Venture Development in 2004, BlueInGreen has quickly grown in size, scale and scope, emerging as an industry leader in water treatment. Since 2016, the Company has consistently achieved a cumulative annual growth rate (CAGR) of 45% or better and continues to grow its pipeline, with 2020 being yet another record-breaking year.

“We’re disrupting the water treatment market, and our pace is accelerating,” says President, CEO Chris Milligan, PE. “When you look at other innovative technologies in the water treatment space, like ultraviolet (UV) disinfection, for example, it took more than 100 years for that step-change technology to reach 100 installations. BlueInGreen has reached this milestone in only a fraction of that time.”

“BlueInGreen is simply at the right place at the right time with the right stuff,” continues Milligan. “We’re leading the industry-wide trend of replacing chemicals, polymers and ambient air with oxygen, carbon dioxide and ozone.”

Indeed the Company’s meteoric growth, fueled by a value proposition of lower operating costs and increased treatment efficacy and capacity, is benefitting from the adoption of its disruptive, core technology in two separate market segments simultaneously. Having gained a foothold in the US Municipal Market in 2008, municipalities now lead the water treatment market in the adoption of BlueInGreen’s CDOX® systems and carbon dioxide for recarbonation, pH adjustment and corrosion control; and, US industry now leads the water treatment market in the adoption of BlueInGreen’s SDOX® systems and oxygen for odor control, biological treatment and nutrient removal.

“What’s interesting is that we’re starting to see each of these once very separate market segments follow and apply the insights gained from the other’s leadership,” observes Milligan. “The mainstream buyers in both markets are very pragmatic and risk-averse; however, with BlueInGreen solutions having a proven track record in similar applications in adjacent markets, we’re seeing the success in one market accelerate the adoption in adjacent markets. It’s a classic ‘fast-follower’ approach…Proven innovation.”

Headquartered in Fayetteville, Ark., BlueInGreen manufactures nine patented product lines for oxygenation, pH adjustment, oxidation and odor control—including the SDOX®, CDOX®, HyDOZ®, SDOX-CS®, StreamLine Series and its latest product debut, the containerized Dual SDOX® 600.

“The market is responding to our consistent ability to increase treatment capacity and improve water quality while reducing lifecycle costs, operational risk and the physical, energy and carbon footprint of operations,” said CFO Scott Goodson. “But companies and municipalities aren’t just responding to our technology. They’re also responding to our team.”

Backed by over 150 combined years of water treatment experience, BlueInGreen’s award-winning team of designers, operators and engineers continues to be sought out by elite, third-party consulting engineering firms—such as Jacobs Engineering, Black & Veatch, CDM Smith, Stantec, Burns & McDonnell and Brown & Caldwell—and by iconic international brands—like Georgia-Pacific, Del Monte Foods, Campbell’s and Tyson Foods.

“We’re happy to hit 100 installations,” said Chief Technical Officer Billy Ammons, “and we certainly owe a lot to our customers, their engineering consultants and our representatives and partners for helping us achieve these phenomenal results. But with the current demand, now isn’t time to celebrate. It’s time to get to work building on this foundation for continued growth.”

Beyond its growing client list, BlueInGreen has also garnered international acclaim. The company won the WEF Innovative Technology Award in 2010, the Global Cleantech Cluster Association (GCCA) Grand Prize in 2015 and was named a finalist at the 2017 China BlueTech Water Innovation Awards in Shanghai.

About BlueInGreen

BlueInGreen (BIG) is a water cleantech company that provides the most efficient method of delivering dissolved oxygen, carbon dioxide and ozone into water. Backed by over 150 years of combined treatment experience, BIG offers the most cost-effective solutions for oxygenation, pH adjustment, oxidation and odor control. For more information, visit blueingreen.com.

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Source: https://www.prweb.com/releases/blueingreen_sells_its_100th_installation/prweb17319362.htm

Private Equity

Ordermark Funded $120M to Expand its Virtual Business

Virtual

Ordermark is based in Los Angeles, CA, one of the leading online ordering management solutions for restaurants and virtual restaurant concepts.

Ordermark was funded $120 million series C round funding. The funding was led by prominent technology investor SoftBank Vision Fund and joined by returning investor Act One Ventures. The grant will use to help more restaurants transition to online ordering during the pandemic and beyond.

The company’s software consolidates incoming orders from multiple platforms and sends them to a single printer. Ordermark also operates a company

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The post Ordermark Funded $120M to Expand its Virtual Business appeared first on Funded.com.

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Virtual

Ordermark is based in Los Angeles, CA, one of the leading online ordering management solutions for restaurants and virtual restaurant concepts.

Ordermark was funded $120 million series C round funding. The funding was led by prominent technology investor SoftBank Vision Fund and joined by returning investor Act One Ventures. The grant will use to help more restaurants transition to online ordering during the pandemic and beyond.

The company’s software consolidates incoming orders from multiple platforms and sends them to a single printer. Ordermark also operates a company called Nextbite, a portfolio of 15 readymade virtual brands such as CraveBurger, Firebelly Wings, and HotBox by Wiz, a collaboration with rapper Wiz Khalifa. Restaurants can offer these delivery-only brands out of existing kitchens, opening up additional revenue streams.

Jeff Housenbold, the Managing Partner at SoftBank Investment Advisers, said. They believe Ordermark is a leading technology platform and innovative virtual restaurant concepts transform the restaurant industry. And they are excited to support their mission to help independent restaurants optimize online ordering and generate incremental revenue from under-utilized kitchens.

The rise of ghost kitchens and virtual restaurants, often referred to as the 3rd wave of food delivery, have paved the way for a broader addressable market for online food delivery.

The statement of Alex Canter, the chief executive officer behind Ordermark 2020, has been a tough year for restaurants. That’s why they are focus on providing products and services to help keep their doors open. This funding allows them to offer more restaurants with innovative ways to reach more consumers.

By: K. Tagura

Author statement:

Funded.com is the leading platform for accredited investors network worldwide. We monitor and provide updates on important funding events. Angel Investors and Venture Funding can be a key growth for a startup or existing business. Whether it is a first, second or third round financing having a strategic alliance with an Angel Investor or Venture Capital financing can propel a business to the next level and give the competitive edge.

Source: https://www.funded.com/blog/2020/10/ordermark-funded-120m-to-expand-its-virtual-business/

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Private Equity

Alternative Investments/ESG: Amundi Launches Sustainable ETF With Exposure To Japanese Stocks

The Amundi Index MSCI Japan SRI UCITS ETF offers exposure to large and mid-cap companies with outstanding Environmental, Social, and Governance (ESG) ratings in the Japanese market. The new ETF is an extension of Amundi’s range of sustainable ETFs.

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Alternative Investments/ESG: Amundi Launches Sustainable ETF With Exposure To Japanese Stocks

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Amundi’s new ESG ETF invests in large and mid-cap Japanese stocks.

The Amundi Index MSCI Japan SRI UCITS ETF offers exposure to large and mid-cap companies with outstanding Environmental, Social, and Governance (ESG) ratings in the Japanese market.

The new ETF is an extension of Amundi’s range of sustainable ETFs. (ETF Stream)

Amundi Index MSCI Japan SRI UCITS ETF

The ETF tracks the performance of the MSCI Japan SRI Filtered ex Fossil Fuels Index, which in turn is an equity index based on the MSCI Japan Index (the parent index). The index is representative of the large and midcap stocks of the Japanese market.

It excludes issuers involved in Nuclear, Tobacco, Thermal Coal, Alcohol, Gambling, Controversial Weapons, Conventional Weapons, Civilian Firearms, Oil & Gas, Fossil Fuels, Genetically Modified Organisms (GMO), and Adult Entertainment.

Its total expense ratio is 0.18%. No performance fees apply.

It is an accumulation fund and will be managed by Amundi Luxembourg SA, an entity that is part of the Amundi group.

The ETF is market-cap weighted and includes a 5% capping on issuer weights. It comprises 68 stocks, compared to 320 names in its parent index.

The fund’s largest holding is Nintendo with 5.6% weighting ahead of Daikin Industries with 5% and Sony with 4.7%.

It is listed on the Deutsche Boerse and Euronext Paris.

ESG ETFs continue record run

European ESG ETFs continued their strong trend and set a record for assets gathered in a month (€3.9 billion), according to the latest Money Monitor report from Lyxor ETF for September.

Related Story:  Amundi Expands ESG Range With Two New ETFs

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Source: https://dailyalts.com/alternative-investments-esg-amundi-launches-sustainable-etf-with-exposure-to-japanese-stocks/

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Private Equity

Artificial Intelligence: Intel First To Deploy AI “On Edge” In Space

Intel (NASDAQ: INTC) has the distinction of launching the first onboard AI processing chip into space. Earlier this month, the European Space Agency and Intel announced the successful deployment in space of PhiSat-1, the first-ever satellite with onboard AI-processing capabilities. Launched from a rocket dispenser on September 2, the PhiSat-1 is positioned about 530 km above our heads, moving at a speed of 27,500 km per hour in a sun-synchronous orbit.

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Artificial Intelligence: Intel First To Deploy AI “On Edge” In Space

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A satellite the size of a cereal box, carrying a camera and an AI chip, is now in orbit.

Intel (NASDAQ: INTC) has the distinction of launching the first onboard AI processing chip into space. Earlier this month, the European Space Agency and Intel announced the successful deployment in space of PhiSat-1, the first-ever satellite with onboard AI-processing capabilities. (Business Insider)

Launched from a rocket dispenser on September 2, the PhiSat-1 is positioned about 530 km above our heads. It is moving at a speed of 27,500 km per hour in a sun-synchronous orbit.

PhiSat-1

The satellite’s objective is to monitor polar ice and soil moisture, as well as to test inter-satellite communication systems.

The satellite carries a hyperspectral-thermal camera and an Intel Movidius™ Myriad™ 2 Vision Processing Unit (VPU). The latter is responsible for the AI heavy lifting operations onboard the spacecraft.

Myriad’s immediate function is to curate the huge mass of data captured by the camera.

AI at the ultimate edge – space

The big problem facing the scientists was the sheer volume of data generated by the hi-fidelity camera onboard the PhiSat-1. The camera unfortunately does not know how to differentiate between a cloudy and clear environment.

It, therefore, takes a large number of photographs that are useless because, at any given time, clouds envelop two-thirds of the earth’s surface.

The junk photos consume precious internet bandwidth to send down to earth. After all that, scientists would likely delete the unclear photos.

The scientists decided to use onboard AI (also known as “on edge” processing) to curate the photos. Myriad-2 would examine the images, trash the useless ones, and send only the good ones to earth.

By discarding the cloudy images at the source, they saved nearly 30% of bandwidth.

“Artificial intelligence at the edge came to rescue us, the cavalry in the Western movie,” says Gianluca Furano, data systems and onboard computing lead at the European Space Agency.

“Space is the ultimate edge,” says Aubrey Dunne, chief technology officer of Ubotica, the Irish startup that built and tested PhiSat-1’s AI technology. “The Myriad was absolutely designed from the ground up to have an impressive compute capability but in a very low power envelope, and that really suits space applications.”

Ubotica worked with cosine, the maker of the camera, in addition to the University of Pisa and Sinergise.

After three weeks of testing, the team could establish that Intel’s Myriad AI onboard the PhiSat-1 was working fine.

ESA then announced “the first-ever hardware-accelerated AI inference of Earth observation images on an in-orbit satellite.”

Satellite-as-a-service!

Scientists can now visualize multiple applications of AI on satellites.

For example, the satellite, during one orbit, could switch from spotting wildfires on land to rogue ships or environmental accidents at sea such as oil spills.

It could measure crops and soil moisture over farms and forests, and assess the ill effect of climate change on melting ice caps.

Related Story:   Satellites and AI Could Together Predict Wildfires Accurately

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Source: https://dailyalts.com/intel-first-to-deploy-ai-on-edge-in-space/

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