Category Archives: Automation

ICONICS and Mitsubishi Electric Automation clients can upgrade to conform to newly released U.S. cyber resilience and fault tolerance standards for remote access to operational technology, thanks to Dispel's integrated Moving Target Defense-based remote access solution

Secure Remote Access Announcement

NEW YORK, Nov. 16, 2021 (GLOBE NEWSWIRE) -- ICONICS, Mitsubishi Electric Automation (MEAU), and Dispel unveiled an integrated, Moving Target Defense-based remote access solution for industrial automation systems at this year's ICONICS Connect 2021 conference. This announcement means manufacturing, water & wastewater, oil & gas, building management, and maritime clients can now provide their teams with enhanced secure remote access to their operational technology without reaching beyond their partnerships with ICONICS and MEAU.

Since November 2019, the reference standard for cyber resilience and fault tolerance in the United States and Japanthrough the Cross-Sector Forum Mappinghas been NIST 800-160 Volume 2. This document calls for the use of Moving Target Defense at several levels within any cyber system. Absent automation, properly meeting this standard in a remote access context requires considerable human capital (15 minutes of administrator time per connection), patience on the part of the connecting users (7 to 12 minutes of login steps), and specialized uplink equipment. Dispel's core engineering specialty is in automating the launch and maintenance of Moving Target Defense infrastructure.

"Mitsubishi Electric Automation has had their eye on Moving Target Defense since NIST 800-160 Vol 2 was still a draft circular," said Ian Schmertzler, President of Dispel. "The 2 years and 14 days of due diligence, testing, and micronization that preceded this event are a testament to the care with which Mitsubishi Electric Automation and ICONICS approach addressing mission-critical questions for their customers."

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The solution presented on September 30 at ICONICS Connect 2021 offers users connection times of under 30 seconds, administrative overhead of less than 1 minute per connection, and an embedded installation on Mitsubishi Electric MELIPC series hardware that is light enough to allow the system to continue serving its initial purpose in parallel.

"The top priority for all three teams was that this relationship deliver a next-generation capability to the market," said Ben Burke, Dispel's Chief Operating Officer. "It needed to exceed the cybersecurity requirements customers would likely need to meet in the coming decade while also besting the operational efficiencies of the highest performing unsecure remote access alternatives."

The presentation comes at a critical moment in the industrial automation sector. With the Colonial Pipeline incident having motivated enforcement of cybersecurity controls in regulated industries, and skilled labor shortages simultaneously driving demand for remote access, industrial automation customers have been searching among suppliers for off-the-shelf options that could rapidly bring their firms into alignment with standards without impeding the productivity gains industrial automation offers.

About DispelDispel is the world's leading provider of Moving Target Defense networks; designed, built, and maintained in the United States. Founded in 2015, the cybersecurity company has offices in Austin, New York, Virginia, and Tokyo. The company's mission is to connect people to their industrial control systems, wherever they are. They do so through a high-speed, secure remote access product that is fast, easy to implement, and simple to use. Learn more at https://dispel.io.

Press ContactBen Burkepress@dispel.io

About ICONICSICONICS is headquartered in Foxborough, Massachusetts, and is a global software developer of visualization, HMI, SCADA, and energy solutions. With over 375,000 installations in over 100 countries worldwide and running in over 70% of Global 500 companies, ICONICS software is recommended for automating, monitoring, and optimizing a customer's most critical assets. ICONICS offers competitive software products for various business sectors, such as manufacturing, industrial and building automation, and it possesses advanced technology and remarkable industry leading knowledge in the development of industrial software. ICONICS was named finalist by Microsoft in 2021 as Sustainability Changemaker Partner of the Year and has been recognized 10 times for a Microsoft Partner of the Year award.

Press ContactMary Anne Ballouzmaryanne@iconics.com

About Mitsubishi Electric Automation, Inc.Headquartered in Vernon Hills, Ill., Mitsubishi Electric Automation, Inc. is a U.S. affiliate company of Mitsubishi Electric Corporation. It offers a broad product portfolio including programmable automation controllers (PAC), programmable logic controllers (PLC), human machine interfaces (HMI), variable frequency drives (VFD), servo amplifiers and motors, control software, computerized numerical controllers (CNC), motion controllers, robots, low-voltage power distribution products, and industrial sewing machines for the industrial and commercial sectors.

Additional information about Mitsubishi Electric Automation is available at us.MitsubishiElectric.com/fa/en.

Press ContactPam SummersPam.Summers@meau.com

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Ghost kitchens are attracting a lot of attention from restaurant chains, entrepreneurs and investors, and the reasons are clear. Sometimes called dark kitchens or virtual kitchens, the concept of a ghost kitchen refers to restaurants that operate exclusively for off-premises consumption. Ghost kitchens have the potential to become one of the most productive and lucrative means of serving the demand for quick service food that spiked during the pandemic and remains strong today.

However, the end of the pandemic only marks the beginning of ghost kitchens. Restaurant Business predicts that this model will continue to expand as sales via ghost restaurants from 300 facilities in the United States will rise by a projected 25% each year for the next 5 yearsan estimated $300 million in yearly sales. Whats more, Euromonitor estimates that ghost kitchens could be a $1 trillion industry by the year 2030.

So, what exactly is a ghost kitchen? Ghost kitchens have no physical storefront and offer no in-house dining. Instead, they operate mainly through delivery, sometimes also offering takeout or drive-thru pickup. These ghost kitchens typically occupy smaller spaces than traditional restaurants and have a smaller staff as well. Because there is no physical storefront, multiple different restaurant concepts are able to make and provide food from the same ghost kitchen.

Ghost kitchens are unique in that, unlike many restaurants, they are inherently technologically-forward. For instance, the emphasis on mobile and online ordering means that the restaurant can also be easily optimized with innovative kitchen display technology.

With GRUBBRR kiosks, cash recyclers, and automated checkout systems, ghost kitchen patrons can have a curated, automated experience whether they decide to carry out or request delivery. Additionally, food lockers and other contactless and curbside ordering softwares streamline and optimize the ghost kitchen experience for both delivery drivers and pickup customers alike.

With GRUBBRRs online ordering software, the following devices would all work in tandem to create an efficient operational flow and expedite order processing in a ghost kitchen:

Given the operational efficiencies afforded by ghost kitchens, it is no surprise that they are rapidly growing in popularity throughout the United States. McDonalds and Chick-fil-A are also beginning to utilize ghost kitchens in addition to their regular offerings. As time goes on, more restaurants are predicted to adopt this ghost kitchen model to lower operational costs and facilitate franchise expansion.

Lower operational costs not only means more revenue, but also lower prices for consumers. With their streamlined offerings, ghost kitchens offer a more efficient customer experience as well. Whether they order from home on their phone or at the restaurant from a kiosk, customers can be assured that their experience will be consistently great each time.

Ghost kitchens are technologically-forward restaurants that operate for pickup and delivery food services only. Given their operational flexibility, they can be added to an existing restaurant as another source of revenue to facilitate franchise expansion, or otherwise exist as a standalone kitchen hosting one or more food concepts. Because ghost kitchens utilize automation, they inherently streamline operations for ghost kitchen employees, and improve the customer experience through lowered prices and consistent convenience.

This post is sponsored by Grubbrr

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Automation is the Foundation of Ghost Kitchens - Restaurant Business Online

CHELMSFORD, Mass., Nov. 16, 2021 /PRNewswire/ -- Brooks Automation, Inc. (Nasdaq: BRKS) announced at its investor dayearlier today that it is changing its name to Azenta, Inc. and will begin trading on Nasdaq under the ticker symbol AZTA, effective at the open of market trading on December 1, 2021.

This change follows the previously announcedlaunch of the life sciences brand, Azenta Life Sciences. Following completion of the sale of the Semiconductor Automation business, expected in the first half of calendar year 2022, the Company will become a pure play life sciences company.

No action is required by existing shareholders with respect to the name and ticker symbol change.

About Brooks AutomationBrooks (Nasdaq: BRKS) operates two global, market-leading businesses, Life Sciences and Semiconductor Solutions, each with its own distinct area of focus and expertise. The Life Sciences business, to be operated under the new Azenta brand, provides a full suite of reliable cold-chain sample management solutions and genomic services across areas such as drug development, clinical research and advanced cell therapies for the industry's top pharmaceutical, biotech, academic and healthcare institutions globally. OnSeptember 20, 2021, the Company announced the pending sale to Thomas H. Lee Partners of its Semiconductor Solutions Group business, which provides industry-leading precision vacuum robotics, integrated automation systems and contamination control solutions to the world's leading semiconductor chip makers and equipment manufacturers as well as collaborative robotics and automation capabilities for multi-market applications. Due to the pending divestiture, the Company began reporting the Semiconductor Automation business as discontinued operations in its recent fiscal year end financial earnings announcement. Brooks is headquartered inChelmsford, MA, with operations inNorth America,EuropeandAsia. For more information, please visitwww.brooks.com.

INVESTOR CONTACTS: Sara SilvermanDirector, Investor RelationsBrooks Automation978.262.2635[emailprotected]

Sherry DinsmoreBrooks Automation978.262.2400[emailprotected]

SOURCE Brooks Automation

http://www.brooks.com

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Brooks Automation Announces Planned Name and Stock Ticker Symbol Change - Azenta, Inc. (Nasdaq: AZTA) Set to Begin Trading Effective December 1st -...

Its time for your Farm of the Future Report. Im Tim Hammerich.

Automation and robotics have grabbed a lot of headlines in agriculture, but is technology like this only attainable for the very large growers. Thats what many believe, but the costs are trending in a direction to make it affordable for even small to medium size commercial farms as well. GUSS Automation COO Gary Thompson said he was surprised at how economical the machines were for even growers who didnt have large operations.

Thompson Early on in our development that's what everyone coming to us told us, that this doesn't make sense for the small guy. This is just for the big guys. However, I had my first customer who came in and bought one sprayer. He changed that mindset for us almost overnight. He said, I'm doing all the spraying right now. And it was all night work. And then when I run out, I drive my sprayer over to the pump and I have to get off my tractor. I have to fill the materials myself. He said, no matter how hard I'm pushing it, that takes me 45 minutes. He said, what I'm going to do, I'm going to have my pickup. I'm going to put the laptop computer in it where I can monitor GUSS, and I'm gonna pull a bubble trailer. While GUSS is spraying. I'm going to drive over to the pump. I'm going to mix my material into that bubble trailer, drive back to the field and I wait for GUSS to stop for its refill. He said, Gary, I'm doubling my acreage.

GUSS, short for Global Unmanned Spray Systems, makes autonomous sprayers for orchards and vineyards.

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Automation is not Just for Large Farmers - AG INFORMATION NETWORK OF THE WEST - AGInfo Ag Information Network Of The West

DUBLIN, November 16, 2021--(BUSINESS WIRE)--The "Saudi Arabia Industrial Control and Factory Automation Market: Prospects, Trends Analysis, Market Size and Forecasts up to 2027" report has been added to ResearchAndMarkets.com's offering.

The country research report on Saudi Arabia industrial Control and Factory automation market is a customer intelligence and competitive study of the Saudi Arabia market.

Moreover, the report provides deep insights into demand forecasts, market trends, and, micro and macro indicators in the Saudi Arabia market. Also, factors that are driving and restraining the industrial Control and Factory automation market are highlighted in the study. This is an in-depth business intelligence report based on qualitative and quantitative parameters of the market.

Additionally, this report provides readers with market insights and detailed analysis of market segments to possible micro levels. The companies and dealers/distributors profiled in the report include manufacturers & suppliers of industrial Control and Factory automation market in Saudi Arabia.

Highlights of the Report

The report provides detailed insights into:

1) Demand and supply conditions of industrial Control and Factory automation market

2) Factor affecting the industrial Control and Factory automation market in the short run and the long run

3) The dynamics including drivers, restraints, opportunities, political, socioeconomic factors, and technological factors

4) Key trends and future prospects

5) Leading companies operating in industrial Control and Factory automation market and their competitive position in Saudi Arabia

6) The dealers/distributors profiles provide basic information of top 10 dealers & distributors operating in (Saudi Arabia) industrial Control and Factory automation market

7) Matrix: to position the product types

8) Market estimates up to 2027

The report answers questions such as:

1) What is the market size of industrial Control and Factory automation market in Saudi Arabia?

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2) What are the factors that affect the growth in industrial Control and Factory automation market over the forecast period?

3) What is the competitive position in Saudi Arabia industrial Control and Factory automation market?

4) What are the opportunities in Saudi Arabia industrial Control and Factory automation market?

5) What are the modes of entering Saudi Arabia industrial Control and Factory automation market?

Key Topics Covered:

1. Report Overview

1.1. Report Description

1.2. Research Methods

1.3. Research Approaches

2. Executive Summary

3. Market Overview

3.1. Introduction

3.2. Market Dynamics

3.2.1. Drivers

3.2.2. Restraints

3.2.3. Opportunities

3.2.4. Challenges

3.3. PEST-Analysis

3.4. Porter's Diamond Model for Saudi Arabia Industrial Control and Factory Automation Market

3.5. Growth Matrix Analysis

3.6. Competitive Landscape in Saudi Arabia Industrial Control and Factory Automation Market

4. Saudi Arabia Industrial Control and Factory Automation Market by Component

4.1. Industrial Robots

4.2. Machine Vision

4.3. Control Valves

4.4. Field Instruments

4.5. Human-Machine Interface

4.6. Sensors

4.7. Industrial 3D Printing

5. Saudi Arabia Industrial Control and Factory Automation Market by Solution

5.1. PLC

5.2. SCADA

5.3. MES

5.4. DCS

5.5. PLM

5.6. Functional Safety

6. Saudi Arabia Industrial Control and Factory Automation Market by Industry Vertical

6.1. Process Industries

6.1.1. Oil & Gas

6.1.2. Power

6.1.3. Food & Beverages

6.1.4. Chemicals

6.1.5. Metals & Mining

6.1.6. Pulp & Paper

6.1.7. Pharmaceuticals

6.1.8. Others

6.2. Discrete Industries

6.2.1. Automotive

6.2.2. Machine Manufacturing

6.2.3. Semiconductor & Electronics

6.2.4. Aerospace & Defense

6.2.5. Medical Devices

6.2.6. Others

7. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/adncjo

View source version on businesswire.com: https://www.businesswire.com/news/home/20211116006135/en/

Contacts

ResearchAndMarkets.comLaura Wood, Senior Press Managerpress@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470For U.S./CAN Toll Free Call 1-800-526-8630For GMT Office Hours Call +353-1-416-8900

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Saudi Arabia Industrial Control and Factory Automation Market Report 2021: Prospects, Trends Analysis, Market Size and Forecasts to 2027 -...

SUNNYVALE, Calif.--(BUSINESS WIRE)--Quanergy Systems, Inc., a leading provider of OPA-based solid-state LiDAR sensors and smart 3D solutions for automotive and IoT, today announced the new M1 Edge 2D LiDAR sensors paired with Quanergys QORTEX Aware perception software. The M1 Edge is an integrated software and hardware solution designed to automatically collect, analyze, and interpret LiDAR point cloud data for a wide variety of industrial applications without additional programming.

In June, Quanergy entered into a definitive merger agreement with CITIC Capital Acquisition Corp. (NYSE: CCAC) (CCAC). Upon closing of the transaction, the combined company will be named Quanergy Systems, Inc. and is expected to be listed on the New York Stock Exchange (NYSE) under the ticker symbol QNGY. The transaction is expected to close in the fourth quarter of 2021, subject to satisfaction of customary closing conditions.

The M1 Edge smart solution includes compact, lightweight LiDAR sensors with extremely accurate sensing capabilities up to 200 meters, broad 360 coverage, and an industry-leading angular resolution of 0.033 for best-in-class measurement. These robust sensors are rated up to IP67 for harsh environments and perform reliably in any lighting or weather condition, providing up to 60,000 hours mean time between failure (MTBF) and delivering a lower total cost of ownership (TCO) than competing solutions.

M1 Edge integrates the sensor with on-board QORTEX Aware smart perception software to monitor user-defined detection zones and trigger an alarm on the sensors digital output if there is any activity within the zones. Users can create up to eight pre-configured evaluation fields, each with up to three detection zones, where the evaluation field is selected via the sensors digital output.

After evaluating Quanergys latest product M1 Edge, we are excited to deploy this low cost, 2D industrial sensor. It solves real world industrial sensing applications by combining simple to use software vision tools with a high resolution LiDAR array. We know of no other outdoor rated sensor that has both the range and resolution of the M1 Edge, said Neil Jacques, President of In-Position Technologies.

M1 Edge enables reliable collision avoidance and smart navigation for mobile equipment. When mounted on an AGV or AMR, the sensor monitors the surrounding area, flagging potential dangers and obstacles in the vehicles path. The detection zones being monitored can dynamically change based on the vehicles movement.

Furthermore, M1 Edge provides accurate detection and measurement for stationary and dynamic applications that require simple alerting when an object enters a monitored area. For example, in industrial applications, M1 Edge enables reliable monitoring for level and height sensing applications, including tank level monitoring, object stacking, fill level detection and more.

LiDAR has become instrumental in increasing efficiency by solving tough sensing challenges faced by industrial customersthanks to unmatched reliability and accuracy, said Tony Rigoni, Director of Industrial Markets, It's quick to setup, delivers unmatched performance and competitively priced makes the M1 Edge LiDAR solution deployable to even a broader range of industrial applications.

To watch M1 Edge Product video, please click here.

To learn more, visit http://www.quanergy.com

About Quanergy Systems, Inc.

Quanergy Systems, Inc. was founded in 2012 and builds on decades of experience of its team in the areas of optics, photonics, optoelectronics, artificial intelligence software, and control systems. Headquartered in Sunnyvale, California, in the heart of Silicon Valley, Quanergy offers a high-performance AI-powered LiDAR platform designed to accelerate the automation of key business processes to increase productivity, efficiency, and safety of our 3D world. By providing actionable insights to organizations across major industries including, mapping, security, smart cities, and smart spaces, industrial automation and transportation, Quanergy is enabling its partners and their end-users to deploy innovative solutions to drive their business growth and ultimately, improve the quality of life for people around the world. For more information, visit http://www.quanergy.com.

Forward-Looking Statements

This press release includes certain statements that are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as believe, may, will, estimate, continue, anticipate, intend, expect, should, would, plan, predict, potential, seem, seek, future, outlook, project, anticipate, will likely result and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. All statements, other than statements of present or historical fact included in this press release, including the potential industrial applications and adoptions of the M1 Edge LiDAR solution, CCACs ability to consummate the proposed business combination, anticipated timing of the proposed business combination, and the combined companys future products are forward-looking statements. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of the respective management of CCAC and Quanergy and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of CCAC or Quanergy. Potential risks and uncertainties that could cause the actual results to differ materially from those expressed or implied by forward-looking statements include, but are not limited to, changes in domestic and foreign business, market, financial, political and legal conditions; the inability of the parties to successfully or timely consummate the proposed business combination, including the risk that any regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the proposed business combination or that the approval of the shareholders of CCAC or Quanergy is not obtained; the inability to complete the PIPE offering in connection with the business combination; failure to realize the anticipated benefits of the proposed business combination; risk relating to the uncertainty of the projected financial information with respect to Quanergy; the amount of redemption requests made by CCACs shareholders; the overall level of consumer demand for Quanergys products; general economic conditions and other factors affecting consumer confidence, preferences, and behavior; disruption and volatility in the global currency, capital, and credit markets; the ability to maintain the listing of Quanergys securities on the New York Stock Exchange; the financial strength of Quanergys customers; Quanergys ability to implement its business strategy; changes in governmental regulation, Quanergys exposure to litigation claims and other loss contingencies; disruptions and other impacts to Quanergys business, as a result of the COVID-19 global pandemic and government actions and restrictive measures implemented in response; stability of Quanergys suppliers, as well as consumer demand for its products, in light of disease epidemics and health-related concerns such as the COVID-19 global pandemic; the impact that global climate change trends may have on Quanergy and its suppliers and customers; Quanergys ability to protect patents, trademarks and other intellectual property rights; any breaches of, or interruptions in, Quanergys information systems; fluctuations in the price, availability and quality of electricity and other raw materials and contracted products as well as foreign currency fluctuations; Quanergys ability to utilize potential net operating loss carryforwards; changes in tax laws and liabilities, tariffs, legal, regulatory, political and economic risks. The foregoing list of potential risks and uncertainties is not exhaustive. More information on potential factors that could affect CCACs or Quanergys financial results is included from time to time in CCACs public reports filed with the SEC, including its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K as well as the other documents CCAC has filed, or will file, with the SEC, including the final amended registration statement on Form S-4 that will include proxy statements/prospectus that CCAC will file with the SEC in connection with CCACs solicitation of proxies for the meeting of shareholders to be held to approve, among other things, the proposed business combination. If any of these risks materialize or CCACs or Quanergys assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither CCAC nor Quanergy presently know, or that CCAC and Quanergy currently believe are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect CCACs and Quanergys expectations, plans or forecasts of future events and views as of the date of this press release. Neither CCAC nor Quanergy gives assurance that either CCAC or Quanergy, or the combined company, will achieve its expectations. CCAC and Quanergy anticipate that subsequent events and developments will cause their assessments to change. However, while CCAC and Quanergy may elect to update these forward-looking statements at some point in the future, CCAC and Quanergy specifically disclaim any obligation to do so, except as required by law. These forward-looking statements should not be relied upon as representing CCACs or Quanergys assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.

Important Information about the Business Combination and Where to Find It

CCAC has filed a registration statement on Form S-4, which contains a proxy statement/prospectus and other relevant materials, and plans to file with the SEC an amendment to the registration statement as well as other documents regarding the proposed transaction with Quanergy. CCAC urges its investors, shareholders and other interested persons to read, when available, the proxy statement/prospectus filed with the SEC and documents incorporated by reference therein because these documents will contain important information about CCAC, Quanergy and the proposed business combination. After the registration statement is declared effective by the SEC, the definitive proxy statement/prospectus and other relevant documents will be mailed to the shareholders of CCAC as of the record date established for voting on the proposed business combination and will contain important information about the proposed business combination and related matters. Shareholders of CCAC and other interested persons are advised to read, when available, these materials (including any amendments or supplements thereto) and any other relevant documents in connection with CCACs solicitation of proxies for the meeting of shareholders to be held to approve, among other things, the proposed business combination because they will contain important information about CCAC, Quanergy and the proposed business combination. Shareholders will also be able to obtain copies of the preliminary proxy statement/prospectus, the definitive proxy statement/prospectus and other relevant materials in connection with the transaction without charge, once available, at the SECs website at http://www.sec.gov or by directing a request to: CITIC Capital Acquisition Corp., 28/F CITIC Tower, 1 Tim Mei Avenue, Central, Hong Kong, Attention: Fanglu Wang, telephone: +852 3710 6888. The information contained on, or that may be accessed through, the websites referenced in this press release is not incorporated by reference into, and is not a part of, this press release.

Participants in the Solicitation

CCAC, Quanergy and their respective directors and executive officers may be deemed participants in the solicitation of proxies from CCACs shareholders in connection with the proposed business combination. CCACs shareholders and other interested persons may obtain, without charge, more detailed information regarding the directors and officers of CCAC in CCACs final prospectus filed with the SEC on February 12, 2020 in connection with CCACs initial public offering. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies to CCACs shareholders in connection with the proposed business combination will be set forth in the proxy statement/prospectus for the proposed business combination when available. Additional information regarding the interests of participants in the solicitation of proxies in connection with the proposed business combination will be included in the proxy statement/prospectus that CCAC intends to file with the SEC. You may obtain free copies of these documents as described in the preceding paragraph.

No Offer or Solicitation

This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the potential transaction and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of CCAC or Quanergy, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act.

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Quanergy Unveils New Smart LiDAR Solution for Industrial Automation - Business Wire

SAN FRANCISCO--(BUSINESS WIRE)--Vroozi, the leading digital procurement and spend management platform, today announced that it received the highest analyst scores for AP Automation and Invoice-to-Pay of all providers reviewed in Spend Matters Fall 2021 SolutionMap for the SME persona. Vroozi was also recognized in the latest SolutionMap as both a value and solution leader in the E-Procurement and Procure-to-Pay categories.

Spend Matters SolutionMap is known to have the most rigorous, data-centric functionality assessment process, aimed at helping companies make the right choice of solutions for their business. The ranking combines in-depth analyst evaluations and customer inputs.

Receiving the highest analyst scores for AP Automation and Invoice-to-Pay is a testament to our mission of delivering solutions that transform how accounts payable, corporate purchasing and finance teams operate, said Shaz Khan, Chief Strategy Officer at Vroozi. As the need for digital transformation accelerates, companies are still struggling with cost-prohibitive and complex enterprise applications that prevent them from adopting and rolling out these capabilities. We are bringing true accounts payable automation to the SME and mid-market customer at speed and scale. This recognition solidifies the tremendous hard work and success of our team and customers.

Vroozi is rapidly innovating its products to meet customers evolving needs. Last week, the company announced Vroozi Intelligence, an accounts payable and invoice automation (APIA) platform designed to help companies process and pay invoices faster and smarter. Vroozi Intelligence will leverage machine learning, artificial intelligence and cognitive data to automate the scanning and approval of business invoices and payments. Vroozi Intelligence will seamlessly integrate with Vroozis existing solutions and will be generally available January 2022.

Vroozis modern and mobile platform makes it easy for businesses to find, buy and pay for the goods and services they need. By improving spend under management, increasing financial control and driving user-adoption, Vroozi helps enterprises of all sizes save time and money. Find out how much you could save with its best-in-class solutions here: Maximize Your Procurement ROI with Vroozi.

About Vroozi

Vroozi makes business purchasing easier, more efficient and effective. Vroozis proven solution digitizes procurement and vendor invoice management processes by bringing powerful, enterprise-grade functionality to companies of all sizes. The digital platform reduces transaction costs, maximizes efficiency and improves business margins while uncovering powerful financial insights. Vroozi is designed for companies who want to manage spend, empower their employees, connect digitally with their suppliers and maintain spend visibility from anywhere, at any time. For more information, visit vroozi.com.

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Vroozi Receives Highest Analyst Scores for AP Automation and Invoice-to-Pay in 2021 SME SolutionMap - Business Wire

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Thoughts on emerging automation software, where to direct focus for longevity. - Archinect

SAN FRANCISCO, Nov. 16, 2021 (GLOBE NEWSWIRE) -- Tempo Automation, Inc. (Tempo), a leading software-accelerated electronics manufacturer, and ACE Convergence Acquisition Corp. (ACE) (Nasdaq: ACEV), a special purpose acquisition company focusing on industrial and enterprise IT, today announced that ACE has filed a registration statement on Form S-4 (the Registration Statement) with the U.S. Securities and Exchange Commission (the SEC). The Registration Statement provides important information about Tempo, ACE and their proposed business combination, but has not yet become effective and is subject to change.

As previously announced on October 14, 2021, Tempo and ACE, along with ACE Convergence Subsidiary Corp., entered into an agreement and plan of merger relating to their proposed business combination. Upon closing of the transaction, which is subject to the satisfaction of customary closing conditions, the combined entity will be renamed Tempo Automation Holdings, Inc. and shares of its common stock are expected to trade on The Nasdaq Stock Market, LLC (Nasdaq) under the ticker symbol TMPO.

About TempoTempo is a leading software-accelerated electronics manufacturer, transforming the way top companies innovate and bring new products to market. Tempos unique automated manufacturing platform optimizes the complex process of printed circuit board manufacturing to deliver unmatched quality, speed and agility. The platforms all-digital process automation, data-driven intelligence, and connected smart factory create a distinctive competitive advantage for customersto deliver tomorrows products today. From rockets to robots, autonomous cars to drones, many of the fastest-moving companies in industrial tech, medical technology, space, and other industries partner with Tempo to accelerate innovation and set a new tempo for progress. Learn more at https://www.tempoautomation.com.

About ACEACE Convergence Acquisition Corp. (Nasdaq: ACEV) is a $230 million special purpose acquisition company focusing on industrial and enterprise IT and semiconductors. For more information, please visit: http://acev.io/

Forward-Looking StatementsThis press release contains certain forward-looking statements within the meaning of the federal securities laws with respect to the proposed business combination (the Proposed Business Combination) between Tempo Automation, Inc. (collectively with its subsidiaries and pro forma for its acquisition of Compass AC Holdings, Inc. and Whizz Systems, Inc., Tempo), and ACE Convergence Acquisition Corp. (ACE), including statements regarding the benefits of the Proposed Business Combination, the anticipated timing of the Proposed Business Combination, the services offered by Tempo and the markets in which it operates, and Tempos projected future results. These forward-looking statements generally are identified by the words believe, project, expect, anticipate, estimate, intend, strategy, future, opportunity, plan, may, should, will, would, will be, will continue, will likely result, and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties that could cause the actual results to differ materially from the expected results. Many factors could cause actual future events to differ materially from the forward-looking statements in this document, including but not limited to: (i) the risk that the Proposed Business Combination may not be completed in a timely manner or at all, which may adversely affect the price of ACEs securities, (ii) the risk that the acquisition by Tempo Automation, Inc. of each of Compass AC Holdings, Inc. and Whizz Systems, Inc. may not be completed in a timely manner or at all, (iii) the risk that the Proposed Business Combination may not be completed by ACEs business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by ACE, (iv) the failure to satisfy the conditions to the consummation of the Proposed Business Combination, including the receipt of the requisite approvals of ACEs shareholders and Tempos stockholders, respectively, the satisfaction of the minimum trust account amount following redemptions by ACEs public shareholders and the receipt of certain governmental and regulatory approvals, (v) the lack of a third party valuation in determining whether or not to pursue the Proposed Business Combination, (vi) the occurrence of any event, change or other circumstance that could give rise to the termination of the agreement and plan of merger, (vii) the effect of the announcement or pendency of the Proposed Business Combination on Tempos business relationships, performance, and business generally, (viii) risks that the Proposed Business Combination disrupts current plans of Tempo and potential difficulties in Tempo employee retention as a result of the Proposed Business Combination, (ix) the outcome of any legal proceedings that may be instituted against Tempo or against ACE related to the agreement and plan of merger or the Proposed Business Combination, (x) the ability to maintain the listing of ACEs securities on The Nasdaq Stock Market LLC, (xi) the price of ACEs securities may be volatile due to a variety of factors, including changes in the competitive and highly regulated industries in which Tempo plans to operate, variations in performance across competitors, changes in laws and regulations affecting Tempos business and changes in the combined capital structure, (xii) the ability to implement business plans, forecasts, and other expectations after the completion of the Proposed Business Combination, and identify and realize additional opportunities, (xiii) the risk of downturns in the highly competitive industry in which Tempo operates, (xiv) the impact of the global COVID-19 pandemic, (xv) the enforceability of Tempos intellectual property, including its patents, and the potential infringement on the intellectual property rights of others, cyber security risks or potential breaches of data security, (xvi) the ability of Tempo to protect the intellectual property and confidential information of its customers, (xvii) the risk of downturns in the highly competitive additive manufacturing industry, and (xviii) other risks and uncertainties described in ACEs registration statement on Form S-1 (File No. 333-239716), which was originally filed with the U.S. Securities and Exchange Commission (the SEC) on July 6, 2020 (the Form S-1), and Annual Report on Form 10-K for the fiscal year ended December 31, 2020, filed with the SEC on March 17, 2021 and subsequently amended on May 6, 2021 (the Form 10-K), and its subsequent Quarterly Reports on Form 10-Q. The foregoing list of factors is not exhaustive. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by an investors as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. You should carefully consider the foregoing factors and the other risks and uncertainties described in the Risk Factors section of the Form S-1, the Form 10-K, Quarterly Reports on Form 10-Q, the Registration Statement (as defined below), the proxy statement/prospectus contained therein, and the other documents filed by ACE from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. These risks and uncertainties may be amplified by the COVID-19 pandemic, which has caused significant economic uncertainty. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Tempo and ACE assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities and other applicable laws. Neither Tempo nor ACE gives any assurance that either Tempo or ACE, respectively, will achieve its expectations.

Additional Information and Where to Find ItACE has filed a registration statement on Form S-4 (the Registration Statement) with the SEC, which includes a preliminary proxy statement/prospectus of ACE, and certain related documents, to be used at the meeting of its shareholders to approve the Proposed Business Combination and related matters. After the Registration Statement has been filed and declared effective, ACE will mail a definitive proxy statement, when available, to its shareholders. The Registration Statement includes information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies to ACEs shareholders in connection with the Potential Business Combination. ACE may also file other documents regarding the Proposed Business Combination with the SEC. Before making any voting decision, investors and security holders of ACE and Tempo are urged to read the Registration Statement, the proxy statement/prospectus contained therein, and all other relevant documents filed or that will be filed with the SEC in connection with the Proposed Business Combination as they become available because they will contain important information about the Proposed Business Combination.

Investors and security holders will be able to obtain free copies of the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC by ACE through the website maintained by the SEC at http://www.sec.gov. In addition, the documents filed by ACE may be obtained free of charge from ACEs website at http://www.acev.io or by written request to ACE at ACE Convergence Acquisition Corp., 1013 Centre Road, Suite 403S, Wilmington, DE 19805.

Participants in the SolicitationACE and Tempo and their respective directors and officers may be deemed to be participants in the solicitation of proxies from ACEs shareholders in connection with the Proposed Business Combination. Information about ACEs directors and executive officers and their ownership of ACEs securities is set forth in ACEs filings with the SEC, including the Form 10-K. To the extent that holdings of ACEs securities have changed since the amounts printed in the Form 10-K, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. Additional information regarding the interests of those persons and other persons who may be deemed participants in the Proposed Business Combination may be obtained by reading the proxy statement/prospectus regarding the Proposed Business Combination when it becomes available. You may obtain free copies of these documents as described in the preceding paragraph.

Non-SolicitationThis press release shall not constitute a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the Proposed Business Combination. This press release shall also not constitute an offer to sell or a solicitation of an offer to buy any securities of ACE, the combined company or Tempo, nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

Contact:BOCA Communications for Tempo Automationtempoautomation@bocacommunications.com

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Tempo Automation, Inc. and ACE Convergence Acquisition Corp. Announce Filing of Registration Statement on Form S-4 in connection with their Proposed...

Abhijit Kakhandiki

Abhijit Kakhandiki Picture s&w

TUALATIN-PORTLAND, OR, Nov. 16, 2021 (GLOBE NEWSWIRE) -- iGrafx, a worldwide leader in digital business transformation and process management, announces that Abhijit Kakhandiki, business process management (BPM) and robotic process automation (RPA) industry veteran, will join iGrafx as a Board Advisor. Mr. Kakhandiki is a seasoned product executive with a proven track record across diverse industries focused on Software as a Service (SaaS) and Artificial Intelligence (AI) domains.

Abhijit brings 30 years of product design and strategy to iGrafx, said Teesee Murray, CEO of iGrafx. What impressed me most is his business acumen and entrepreneurial approach at solving complex process problems. At iGrafx we have the desire and ability to move fast when it comes to product development and Abhijit has the intellect and experience to advise us well as we make key decisions across our product roadmap and go-to-market strategy.

Mr. Kakhandiki has served as chief product officer at both public and private companies. At LiveRamp (NYSE: RAMP) he led product vision, strategy, design, and roadmap. At Automation Anywhere, he built SaaS and AI products to enable enterprises to gain quantum leaps in efficiency through the automation of business processes. In addition to decades of proven product expertise, Mr. Kakhandiki holds numerous patents in the process automation space.

iGrafx has a long history of delivering process excellence to global corporations, said Kakhandiki. 2021 has been a pivotal year with significant new investment and leadership, resulting in a company that is now perfectly poised to take advantage of the next evolution of process management. I look forward to working with iGrafx as they fine tune their awesome roadmap and GTM strategy with organic and inorganic announcements.

Mr. Kakhandikis Board Advisor appointment is effective immediately.

2021 is the 30th anniversary of iGrafx. The company delivers business process management solutions to the largest companies in the worldparticularly those in heavily regulated markets where process management and compliance are critical functions. More information about Mr. Kakhandiki and the iGrafx leadership team can be found at igrafx.com.

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About iGrafx

iGrafx, a leader in Business Process Management, enables the worlds largest enterprises to turn process into a competitive advantage. The iGrafx Platform captures and connects critical business operations for detailed analysis, modeling, and optimization. In todays competitive market, business leaders must align business objectives and IT systems, comply with industry regulations, automate business process, and identify and implement process efficiencies by undertaking initiatives such as RPA, Six Sigma and Lean. With iGrafx, businesses connect the dots across these efforts to deliver results, improvements, and increase return on investment. Learn more by visiting http://www.igrafx.com.

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Business Process Management and Robotic Process Automation Industry Veteran Abhijit Kakhandiki joins the iGrafx Advisory Board - Yahoo Finance