Business, electrical transformer equipment, Electronics, Manufacturing, merger and acquisition advisory services

Matrix Advises on the Sale of Shape LLC

RICHMOND, Va. -- Matrix Capital Markets Group, Inc. ("Matrix"), a leading, independent investment bank, is pleased to announce the sale of Shape LLC ("Shape" or the "Company") to an undisclosed buyer. Prior to the sale, Shape was owned by funds managed by Gen Cap America, Inc. ("Gen Cap"), a private investment firm headquartered in Nashville, Tennessee.

For over half a century, Shape has operated as the premier manufacturer and designer of custom electrical transformer equipment, with its products utilized to regulate output current and ensure constant power across multiple end-uses. From its 40,000 square foot facility in Addison, Illinois, the Company supports the mission-critical needs of its international customer base. Shape's engineers and management team possess over a century of collective experience and were the architects of the ferroresonant transformer, a power supply that uses nonlinear magnetic properties and a resonant circuit to provide a stable output. This technology is particularly applicable to airport lighting, semiconductors, power supplies, and ultraviolet curing. Shape has become an integral piece of its customers' supply chains, as evidenced by numerous decades-long relationships. Following the transaction, all three of Shape's management-owners, Greg Babecki (CEO), Doug Hickey (COO), and David Lanes (CFO), will retain all existing day-to-day responsibilities.

Regarding the transaction, Mr. Babecki commented, "We are excited to have found a partner that both appreciates and complements our Company's unique offerings. We believe there are numerous benefits to this acquisition for our valued employees, customers, and vendors." He added, "We are grateful for Gen Cap's stewardship and partnership over the past nine years and are thrilled for what the next chapter alongside our new partners will bring us."

Matrix provided merger and acquisition advisory services to Gen Cap and Shape, which included valuation advisory, marketing the business through a confidential, structured sale process, and negotiation of the transaction. The transaction was managed by William O'Flaherty, Managing Director; David Shoulders, Managing Director; and Matt Oldhouser, CPA, Vice President.

Regarding Matrix's services, Gen Cap Director, James Byrd added, "The Matrix team took a thoughtful and hands-on approach to all aspects of the transaction. At every juncture, they provided us with sound explanations underlying their advice. We believe we achieved the optimal outcome based on their experience and counsel."

"It was a pleasure to represent Gen Cap on another divestiture from their portfolio. This is yet another example of a successful investment by their talented team," Mr. O'Flaherty noted. "Shape is a fantastic business managed by exceptional people. I have no doubt that Greg, Doug, and Dave will find success alongside their new partners."

Edward Burrell, Stuart Campbell, and Thomas Dozeman of Stites & Harbison, PLLC served as legal counsel for Shape. Mark Patterson and Chris Hight of KraftCPAs PLLC provided tax and accounting advisory services to the Company.

About Matrix Capital Markets Group, Inc.:

Founded in 1988, Matrix Capital Markets Group, Inc. is an independent, advisory focused, privately-held investment bank headquartered in Richmond, VA, with additional offices in Baltimore, MD and New York, NY. Matrix provides merger & acquisition and financial advisory services for privately-held, private-equity owned, not-for-profit and publicly traded companies. Matrix's advisory services include company sales, recapitalizations, capital raises of debt & equity, corporate carve outs, special situations, management buyouts, corporate valuations and fairness opinions. Matrix serves clients in a wide range of industries, including automotive aftermarket, building products, car washes, consumer products, convenience retail, downstream energy, healthcare and industrial products.

For additional information or to contact our team members, please visit https://matrixcmg.com/.

Securities offered by MCMG Capital Advisors, Inc., an affiliate of Matrix Capital Markets Group, Inc., Member FINRA & SIPC

Related link: https://www.matrixcmg.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business, electrical transformer equipment, Electronics, Manufacturing, merger and acquisition advisory services

Matrix Advises on the Sale of Shape LLC

RICHMOND, Va. -- Matrix Capital Markets Group, Inc. ("Matrix"), a leading, independent investment bank, is pleased to announce the sale of Shape LLC ("Shape" or the "Company") to an undisclosed buyer. Prior to the sale, Shape was owned by funds managed by Gen Cap America, Inc. ("Gen Cap"), a private investment firm headquartered in Nashville, Tennessee.

For over half a century, Shape has operated as the premier manufacturer and designer of custom electrical transformer equipment, with its products utilized to regulate output current and ensure constant power across multiple end-uses. From its 40,000 square foot facility in Addison, Illinois, the Company supports the mission-critical needs of its international customer base. Shape's engineers and management team possess over a century of collective experience and were the architects of the ferroresonant transformer, a power supply that uses nonlinear magnetic properties and a resonant circuit to provide a stable output. This technology is particularly applicable to airport lighting, semiconductors, power supplies, and ultraviolet curing. Shape has become an integral piece of its customers' supply chains, as evidenced by numerous decades-long relationships. Following the transaction, all three of Shape's management-owners, Greg Babecki (CEO), Doug Hickey (COO), and David Lanes (CFO), will retain all existing day-to-day responsibilities.

Regarding the transaction, Mr. Babecki commented, "We are excited to have found a partner that both appreciates and complements our Company's unique offerings. We believe there are numerous benefits to this acquisition for our valued employees, customers, and vendors." He added, "We are grateful for Gen Cap's stewardship and partnership over the past nine years and are thrilled for what the next chapter alongside our new partners will bring us."

Matrix provided merger and acquisition advisory services to Gen Cap and Shape, which included valuation advisory, marketing the business through a confidential, structured sale process, and negotiation of the transaction. The transaction was managed by William O'Flaherty, Managing Director; David Shoulders, Managing Director; and Matt Oldhouser, CPA, Vice President.

Regarding Matrix's services, Gen Cap Director, James Byrd added, "The Matrix team took a thoughtful and hands-on approach to all aspects of the transaction. At every juncture, they provided us with sound explanations underlying their advice. We believe we achieved the optimal outcome based on their experience and counsel."

"It was a pleasure to represent Gen Cap on another divestiture from their portfolio. This is yet another example of a successful investment by their talented team," Mr. O'Flaherty noted. "Shape is a fantastic business managed by exceptional people. I have no doubt that Greg, Doug, and Dave will find success alongside their new partners."

Edward Burrell, Stuart Campbell, and Thomas Dozeman of Stites & Harbison, PLLC served as legal counsel for Shape. Mark Patterson and Chris Hight of KraftCPAs PLLC provided tax and accounting advisory services to the Company.

About Matrix Capital Markets Group, Inc.:

Founded in 1988, Matrix Capital Markets Group, Inc. is an independent, advisory focused, privately-held investment bank headquartered in Richmond, VA, with additional offices in Baltimore, MD and New York, NY. Matrix provides merger & acquisition and financial advisory services for privately-held, private-equity owned, not-for-profit and publicly traded companies. Matrix's advisory services include company sales, recapitalizations, capital raises of debt & equity, corporate carve outs, special situations, management buyouts, corporate valuations and fairness opinions. Matrix serves clients in a wide range of industries, including automotive aftermarket, building products, car washes, consumer products, convenience retail, downstream energy, healthcare and industrial products.

For additional information or to contact our team members, please visit https://matrixcmg.com/.

Securities offered by MCMG Capital Advisors, Inc., an affiliate of Matrix Capital Markets Group, Inc., Member FINRA & SIPC

Related link: https://www.matrixcmg.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business, Concrete Sawing and Drilling Safety Week, Construction and Building, Electronics, infrastructure visualization

Concrete Sawing & Drilling Safety Week Returns Jan. 29-Feb. 2, 2024

MAUMEE, Ohio -- Ground Penetrating Radar Systems (GPRS), the country's largest infrastructure visualization company, has announced that Concrete Sawing & Drilling Safety Week 2024 will run January 29 - February 2.

Since 2018, GPRS has sponsored this safety initiative to provide free training to construction crews across the country, helping them mitigate the risk of silicosis and the other dangers of cutting or coring concrete.

During CSDSW, GPRS safety professionals travel the country providing safety talks - along with breakfast or lunch - to construction crews of all sizes.

To date, GPRS has educated over 20,000 construction professionals through this annual program. In 2023, over 150 companies proved their dedication to the safety of their workers by hosting CSDSW talks on their job sites.

"CSDSW is an amazing event due to its ability to bring education directly to the job site and the workers that need it most," said GPRS Western U.S. Sales Director Dave Mulcahey. "Silica dust exposure, post-tension cables, electrical shock, and so many other dangers associated with cutting and coring are serious issues that cause injuries and fatalities. CSDSW allows workers to understand the issues, but also prepares them with how to avoid those dangers and go home safely at the end of every day."

Silicosis will be a focus of this year's CSDSW presentations.

This incurable, progressive lung disease is the result of years of inhaling Respirable Crystalline Silica (RCS), which is dispersed into the air whenever concrete is penetrated. Workers without proper protective equipment can inhale RCS, which can lie dormant in their respiratory systems for up to ten years before silicosis symptoms arise.

According to Environmental Health Insights, there are potentially 2,500-5,000 undiagnosed cases of silicosis annually.

In the past, minimum surveillance requirements on the job site meant that many silicosis cases were not reported or diagnosed. In 2023, the Occupational Health and Safety Administration (OSHA) enacted enhanced enforcement measures designed to limit the amount of RCS workers are exposed to, as well as how employers are required to report illnesses and injuries, including silicosis.

Exposure to crystalline silica is also directly correlated to increases in the risk of developing lung cancer, kidney disease, Chronic Obstructive Pulmonary Disease, lung infections, and more, which is why OSHA issued enhanced enforcement measures regarding RSC exposure earlier this year.

CSDSW attendees will learn how to protect themselves and their coworkers from silicosis, concrete saw kickbacks, pinchpoints, and more.

Visit https://www.gp-radar.com/safety/concrete-safety-week to learn more and sign your team up for a free CSDSW safety talk today.

About GPRS:

Founded by Matt Aston in 2001, GPRS Intelligently Visualizes The Built World® by providing private utility locating, precision concrete scanning & imaging, 3D laser scanning, video pipe inspection, leak detection, and mapping & modeling services to utilities, contractors, engineering firms, and environmental consultants in every major market in the United States.

Headquartered in Maumee, Ohio, the company has a team of more than 500 elite Project Managers strategically stationed in every major market across the United States, allowing them to respond to any job site, anywhere in the country, usually within 24 hours.

GPRS recently expanded its service offerings through the launch of SiteMap® (patent pending), a digital facility infrastructure management platform that offers clients the ability to easily and securely store and share their data, streamlining the lifecycle of projects and keeping them on time, on budget, and safe.

To learn more about GPRS and its services, visit https://www.gprsinc.com/.

To learn more about SiteMap®, visit https://www.SiteMap.com/.

Related link: https://www.gp-radar.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business, Electronics, Product Launches, smart card readers

SecuGen Releases IQ SC1 Contact Smart Card Reader

SANTA CLARA, Calif. -- SecuGen, a world leading optical fingerprint device and technology vendor, is pleased to announce the immediate availability of the new SecuGen IQ SC1 contact smart card reader.

The release of the IQ SC1 marks SecuGen's entry into the market for standalone smart card readers. This new contact smart card reader joins SecuGen's line of world leading fingerprint readers combined with smart card readers all in one device, including the Hamster Pro Duo SC/PIV, Hamster Pro Duo CL, and Hamster Pro Trio.

The IQ SC1 brings new and sophisticated technology to the world of smart card readers in a compact, modern design that meets the rigorous requirements of smart card-based applications. It features a USB full speed interface and a smart card read/write speed of up to 600 kbps. Highly durable, the IQ SC1 can last for 200,000 card insertion cycles.

It has a variety of certifications, such as EMV(tm) Level 1 (Contact) and PBOC, making it the ideal smart card reader for e-Banking and e-Payment applications. It is fully compliant with PC/SC and CCID specifications, and supports various operating systems such as Windows(r), Solaris(tm), Linux(r), and macOS. Additionally, the IQ SC1 may be used on mobile devices running on the Android(tm) platform versions 3.1 and above.

"Our customers have been inquiring about smart card readers for some time," stated Dan Riley, SecuGen's Vice President of Engineering. "That's why we originally developed the combination fingerprint reader with smart card reader products, and that is why we are releasing this standalone contact smart card reader."

Won Lee, CEO of SecuGen, added, "Our entire focus has always been providing the products and tools that our reseller partners need to be able to bring the best biometric solutions to their end-user customers. With the release of the IQ SCI contact smart card reader, we continue to broaden that product line while supporting our partners."

SecuGen distributes its products through a worldwide network of OEMs, software companies and systems integrators. As a result, SecuGen products are available on every continent through local partners that provide convenient support in the language and time zone of end-user customers.

For more information about the IQ SC1, visit the IQ SC1 product page at: https://secugen.com/products/iq-sc1

About SecuGen:

SecuGen Corporation (www.secugen.com) is the world's leading provider of advanced, optical fingerprint recognition technology, products, tools and platforms for physical and information security. SecuGen designs and develops FBI-certified fingerprint readers and OEM components, developer kits and software, including NIST/MINEX-compliant algorithms. Known for high quality, ruggedness, and performance in a wide variety of applications and environmental conditions, SecuGen products are used by world-leading financial, medical, government, educational and corporate institutions and are sold through an extensive partner network of reseller partners including original equipment manufacturers, independent software vendors and system integrators around the world.

SecuGen® is a registered trademark of SecuGen Corp. in the United States and other countries.

Related link: https://secugen.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business, Electronics, Free News Articles, Product Launches, Restaurant, Hotel and Hospitality

Olea Kiosks Introduces Redesign of Indoor and Outdoor Geneva Kiosk

LOS ANGELES, Calif. -- Olea Kiosks®, a visionary provider of self-service kiosk solutions, announced a redesign of its popular Geneva kiosk as it debuts this new model at International Association of Amusement Parks and Attractions (IAPPA) in Orlando November 14 to 17, 2023.

Olea's Geneva kiosk was designed for high volume amusement parks and attractions. It has now been upgraded to provide even more enclosure space for additional peripherals in a modular fashion. The re-design includes improved interior management for power supplies, cabling and networking gear, and adjustable shelves to assist with peripheral placement.

"Despite the popularity of the Geneva kiosk, we decided we could deliver even greater kiosk value with a redesign. Customers love the aesthetics, and we didn't want to change that part, but we wanted to make the peripheral cavity more flexible and convenient," explained Frank Olea, CEO.

"When we originally introduced Geneva, we designed an Indoor and Outdoor product that are essentially the same and we've been able to maintain that consistency. Adjusting the angles allowed us to deliver more enclosure space for more devices like printers, or even bill and coin acceptors or recyclers. With an improved locking system, we've also added an extra layer of protection against vandalism," added Olea.

The new Geneva Kiosk will be at International Association of Amusement Parks and Attractions (IAPPA) in Orlando, November 14 to 17, 2023 in the Kiosk Manufacturer Association Booth 6137.

Olea will also have various kiosk models throughout IAPPA in the following booths:

* Centaman - Booth 4650

* Connect&Go - Booth 2036

* PDC/Brady - Booth 3865

* VivaTicket - Booth 5100

For more information on the Geneva Kiosk: https://www.olea.com/news/the-details-behind-the-geneva-kiosk-design/

About Olea Kiosks, Inc.:

Olea Kiosks® Inc., is a self-service kiosk solution provider for government, healthcare, hospitality, travel, and entertainment. Its technologically advanced, in-house manufacturing, design, and innovation have made it an industry leader. Headquartered in Los Angeles, California, customers include Connect&Go, Accesso, Kennedy Space Center, Universal Studios, Subway and CLEAR. Olea Kiosks can be found wherever high-volume authentications and transactions are required, including 50+ major airports, amusement parks and premier stadiums across all 5 major US sports leagues.

For more information, visit https://www.olea.com/.

MULTIMEDIA:

Photo link for media: https://www.Send2Press.com/300dpi/23-1108-s2p-olea-geneva-300dpi.jpg

Caption: Geneva Kiosk-for high volume, upscale hospitality and entertainment.

Related link: https://www.olea.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business, Electronics, Free News Articles, Product Launches

Silicon Power Packs Mighty Performance into the Ultra-Compact DS72 and MS70 Portable SSDs

TAIPEI, Taiwan -- With creators and mobile professionals in mind, Silicon Power is launching two new high-speed portable SSDs: the DS72 and the MS70. Meticulously engineered and optimized for the creative process, these workflow-enhancing storage solutions pack mighty performance into an ultra-compact form. Blazing-fast read and write speeds with USB 3.2 Gen 2 interface handle large files, high-resolution media, and resource-intensive software effortlessly. In fact, these drives can transfer a 30-minute 4K video in under 28 seconds![*1]

Effortless Compatibility with the DS72

The DS72 not only delivers impressive read and write speeds up to 1,050MB/s and 850MB/s [*2] as well as ample capacities up to 1TB - it offers seamless versatility by featuring both Type-A and Type-C connectors to accommodate a wide range of user scenarios. Creators can effortlessly share a presentation from a MacBook with a Windows laptop using the Type-C connector, and then plug it into a public computer with a Type-A port to access the files without any compatibility issues.

Photographers and videographers can easily transfer high-resolution media from a Type-C-equipped camera to a Type-A laptop or vice versa, simplifying the workflow and reducing downtime during shoots or editing sessions. Mobile professionals who use smartphones, tablets, and laptops with varying USB ports can rely on the DS72 to quickly access files on all of their devices without carrying multiple adapters or cables.

Boosted Productivity with the MS70

The MS70 erases the preconceived notions of what a drive of its handy size can do. With blazing-fast read speeds up to 1,050MB/s and write speeds up to 850MB/s [*2], it empowers users to work more efficiently than ever before. Creators can transfer large files in a snap to allow for quicker editing and project collaborations, while mobile professionals can back up critical documents and presentations on the fly to avoid interfering with hectic schedules. Massive capacities up to 2TB make the MS70 an indispensable tool not just for boosting productivity, but also to carry much more data within its ultra-compact form anywhere.

The DS72 and MS70 redefine convenience and efficiency, equipping creators and mobile professionals with the ability to harness their full potential by overcoming the constraints of sluggish data transfers or compatibility issues. On top of that, the all-metal bodies provide extra durability, while the detachable rubber caps protect the connectors when not in use. Silicon Power continues to drive innovation with the release of these two new high-speed portable SSDs, delivering seamless and high-performance storage for the creative minds of today and tomorrow.

For more information about the product, please check out the DS72 and MS70 on SP's official website.

LEARN MORE:

https://www.silicon-power.com/web/us/product-DS72

https://www.silicon-power.com/web/us/product-MS70


*CITATIONS:

[1] Results are based on a file size of 22.5GB and maximum read speed of 1,050MB/s.

[2] Results are based on data from Silicon Power's internal lab. Actual results may vary based on the environment, usage patterns, or other factors.

DS72 & MS70 Product Specifications

Product NameDS72MS70
InterfaceUSB Type-A and USB Type C 3.2 Gen 2USB Type-A 3.2 Gen 2
Capacity250GB, 500GB, 1TB250GB, 500GB, 1TB, 2TB
Dimensions80.9 x 21.3 x 10.4 mm71.3 x 21.3 x 10.4 mm
Weight15.6g13.8g
MaterialAluminum + Rubber
ColorBlackGray
Performance Read (max.)1050 MB/s
Performance Write (max.)850 MB/s
OS Compatibility* PC- Windows 11/10/8.1/8/7/Vista/XP, Mac OS 10.3.x or later, Linux 2.6.x or later
* Mobile device- Android 4.1.X* or later / Windows phone 8* or later / iOS 11 or later
* PC- Windows 11/10/8.1/8/7/Vista/XP, Mac OS 10.3.x or later, Linux 2.6.x or later
* Mobile device- Android 4.1.X* or later / iOS 13 or later
Operating Temperature0°C - 70°C
CertificationCE, UKCA, FCC, BSMICE, UKCA, FCC, BSMI
Warranty5-year limited warranty5-year limited warranty


( *Note: Table above may be "distorted" on some websites syndicating this news release. Graphic version of chart: https://www.send2press.com/images/23-1031-s2p-silicon-power-specs-800x600.jpg )

About Silicon Power:

Founded in 2003 by a group of data storage industry experts, Silicon Power (SP) is committed to delivering outstanding product and service quality. Headquartered in Taipei with a state-of-the-art production site, SP has become a leading manufacturer of flash memory cards, USB flash drives, portable hard drives, solid state drives, DRAM modules, and industrial-grade solutions. It has become an international player with four branch offices around the world by successfully blending innovative technology with award-winning designs. Driven by its brand philosophy "Memory is Personal," SP continuously strives for perfection to preserve and protect data.

More information: https://www.silicon-power.com/web/us/

Related link: https://www.silicon-power.com/web/us/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business, Construction and Building, Electronics, Free News Articles

GPRS Launches New Safety Initiative to Address Aging Water, Wastewater Infrastructure

MAUMEE, Ohio -- Ground Penetrating Radar Systems, LLC (GPRS) has announced a new safety initiative designed to help municipalities and facilities regain control of their water, sewer, and stormwater infrastructure.

Water & Sewer Damage Awareness Week (WSDAW) will run October 23-27, 2023. GPRS water safety professionals will spend the week traveling the country to give free WSDAW safety presentations to government officials, facility managers, and other individuals and entities in charge of water and wastewater systems.

Additional safety information will also be shared throughout the week on both the GPRS and WSDAW LinkedIn pages.

GPRS' Senior Vice President of Marketing and SiteMap(®) Product Executive, Jason Schaff, explained that WSDAW is designed to help these groups take back control of their water and wastewater systems:

* Six billion gallons of water are lost daily in the U.S. due to defective subsurface water infrastructure. This is referred to as non-revenue water (NRW) and $2 billion of it trickles away into the soil or waterways each year

* 70,000 sanitary sewer overflows occur annually in the U.S.

* The average sewer pipe in the U.S. is 45 years old and at 81% capacity

* The United States' infrastructure scored a C- on the 2021 American Society of Civil Engineers Report Card

"Infrastructure in America is in bad shape," Schaff said. "Utility infrastructure and specifically sewer infrastructure is in bad shape. Water is becoming scarcer. WSDAW is positioned to help address some of these issues with simple and practical solutions."

He continued, "Money is literally leaking out of our pipes every day. There are some great, proactive approaches that WSDAW will bring to light - not only saving money, but increasing safety and decreasing project delays."

For more information about WSDAW or to sign up for a free WSDAW safety event, visit WSDAW.org.

About GPRS:

Founded by Matt Aston in 2001, GPRS Intelligently Visualizes The Built World(tm) by providing private utility locating, concrete scanning and imaging, 3D laser scanning, video pipe inspection, leak detection, and mapping & modeling services to utilities, contractors, engineering firms, and environmental consultants in every major market in the United States.

Headquartered in Maumee, Ohio, the company has a team of more than 400 elite Project Managers strategically stationed across the country, allowing them to respond to any jobsite, anywhere in the U.S., usually within 24 hours.

GPRS recently expanded its service offerings through the launch of SiteMap(r) (patent pending), a digital facility infrastructure management platform that offers clients the ability to easily and securely store and share their data, streamlining the lifecycle of projects and keeping them on time, on budget, and safe.

To learn more about GPRS and the services they offer, visit https://www.gprsinc.com.

To learn more about SiteMap(®), visit https://www.SiteMap.com.

MULTIMEDIA:

VIDEO (YouTube): https://www.youtube.com/watch?v=oS5uVIR--XA

Related link: https://www.gp-radar.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business, Electronics, Free News Articles, Product Launches

Olea Kiosks Launches its HYPERMODULAR Kiosk Technology

LOS ANGELES, Calif. -- Olea Kiosks(R), the fastest growing provider of self-service kiosk solutions, has announced its new HYPERMODULAR(TM) kiosk technology which allows for complex kiosk configurations to be piloted and in-service much faster than a custom designed product.

Olea's HYPERMODULAR(TM) technology directly addresses the growing challenge of configuring kiosks with complex access control peripherals so governments, businesses, and organizations can tackle their most pressing needs for automation and to expedite time to market.

While the product is targeted at firms requiring access control solutions, other complex kiosk use cases will benefit from this platform. It's designed to accommodate a host of self-service peripherals including barcode scanners, RFID readers, iris scanners, fingerprint readers and many more.

"We want to help our customers reduce the time and money spent on kiosk design and engineering services, so we developed the HYPERMODULAR to address that challenge," explained Frank Olea, CEO.

"This innovative platform is designed to address common complex requirements with a faster time-to-market and the ability to iterate quickly. In the past, kiosk projects required large upfront CAPEX, complex development and productization and could take 6 months to get to a prototype," added Olea.

With HYPERMODULAR(TM), Olea has developed a hardware partnership ecosystem where several common components are pre-tested. This is what facilitates faster deployment, improved support and enhanced innovation.

For more information, visit: https://www.olea.com/product/hypermodular/

Patent pending. Filed with USPTO.

About Olea Kiosks(R), Inc.:

Olea Kiosks(R) Inc., is a self-service kiosk solution provider for government, healthcare, hospitality, travel, and entertainment. Its technologically advanced, in-house manufacturing, design, and innovation have made it an industry leader. Headquartered in Los Angeles, California, customers include CLEAR, IDEMIA, Greyhound Lines, Securiport, ACF Technologies, and U.S. Customs and Border Protection. Olea Kiosks can be found wherever high-volume authentications and transactions are required, including 50+ major airports, and premier stadiums across all 5 major US sports leagues.

For more information, visit https://www.olea.com/.

Related link: https://www.olea.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business, Electronics, Free News Articles, General Editorial, Product Launches

New Smart Watch For Seniors with Fall Detection from Medical Care Alert

NORTHVILLE, Mich. -- Seniors have a new way to stay safe with the new SmartWatch PRO from Medical Care Alert. This smart watch is designed for seniors to get emergency help when needed, and stay connected with family and friends.

Unlike standard smart watches, the SmartWatch PRO is designed with seniors in mind and offers automatic fall detection as an optional feature.

"The SmartWatch PRO is easy for seniors to use because it has a large clear display, and doesn't require a cellphone or Wi-Fi," said Bryan Stapp, President of Medical Care Alert. "The watch also features automatic fall detection on the wrist, a feature normally worn around the neck," Stapp added.

The SmartWatch PRO is equipped with features to help seniors stay safe and healthy. The watch is easy to use and includes:

* Clear display shows the date and time (digital or analog watch face)

* Press the crown button for 24/7 emergency help

* Pedometer to track steps

* Heart Rate monitor

* "Virtual Assistant" can answer questions like "will it rain tomorrow?" or "who won the World Series in 1984?".

* Automatic fall detection (optional feature) can initiate a call to the emergency response center.

A companion smart phone app allows family members or caregivers to track the watch's location, send scheduled medication reminders to the watch, and keep track of important health information.

ADDITIONAL SMARTWATCH PRO FEATURES INCLUDE:

* Shower-safe to get wet. Highly water-resistant IPX8 rated.

* GPS Location Services.

* T-Mobile cellular service built in, no additional charge or account required.

* 48-hour battery life and Quick Charger (1-hour quick charge to 100%).

* Comfortable watch strap with quick-release pins to customize the watch strap if desired.

* 24/7 monitoring by EMT/EMD certified agents in our US-based emergency response centers.

The watch includes GPS location services that can be used to locate the wearer in case of an emergency. This feature can be used to send an alert to family members or emergency services if the wearer is in danger or needs help.

SMART WATCH WITH AUTOMATIC FALL DETECTION

The SmartWatch PRO offers automatic fall detection as an optional feature.

This innovative feature allows the wearer to have automatic fall detection worn on their wrist, whereas most fall detection buttons are typically worn around the neck as a pendant.

"Some smart watches offer fall detection but are designed for runners and joggers, and only call 911 or a friend," said Stapp. "Our fall detection is designed for seniors and notifies our emergency response center agents with the wearer's location and situation."

If a hard fall is detected, the SmartWatch PRO will sound an alarm and display "FALL DETECTED" on the watch display. The wearer will have up to 30 seconds to cancel the alarm if triggered accidentally. Otherwise, the watch will contact the emergency response center flagging the call as "FALL DETECTED" making the operator aware of the situation.

The wearer is encouraged to always press their button for help in the event of an emergency as fall detection is never 100% accurate.

SMARTWATCH PRO PRICING

The SmartWatch PRO is available exclusively for order on Medical Care Alert's website at http://www.medicalcarealert.com/PRO or calling 855-272-1010.

The cost includes a one-time purchase of the watch, and a monthly subscription plan for service:

* $149.95 SmartWatch PRO one-time purchase

* $39.95 / month subscription for service and cellular

* $10 / month add-on for automatic fall detection

SmartWatch PRO is available now and ships on the same or next business day when ordered.

About Medical Care Alert:

Medical Care Alert provides independence and peace of mind for thousands of seniors and their families in all 50 states. Systems cost around $1 day, with nothing to buy and no long-term contracts. Family owned and operated, the company has an A+ rating with the BBB and numerous awards for outstanding customer service including Angie's List and University of Florida Gator100 Awards. Learn more at https://www.MedicalCareAlert.com/.

MULTIMEDIA:

VIDEO (YouTube): https://youtu.be/bvLcha-M0q8

Related link: https://www.MedicalCareAlert.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business, Electronics, Free News Articles, Manufacturing

MAGLITE, the PEDESTRIAN SAFETY INSTITUTE and new partners TO PROMOTE TRAFFIC AND PEDESTRIAN SAFETY DURING National Roadside Traffic Safety Awareness Month

ONTARIO, Calif. -- The Maglite® brand partners up with the Pedestrian Safety Institute (PSI) to support traffic and pedestrian safety during the deadliest month of the year, July. According to the PSI, July has the highest rate of traffic-related fatalities. The days surrounding July 4th are particularly dangerous and are routinely referred to as the deadliest driving days of the year.

Drivers in the United States struck and killed 3,434 people in the first half of 2022 - up 5%, or 168 more deaths, from the same period the year before, according to analysis from the Governors Highway Safety Association (GHSA).

Darkness and low visibility play a significant role in pedestrian deaths. In fact, more than 70 percent of fatalities happen in low-light conditions, particularly at night. In addition to the Pedestrian Safety Institute, Maglite is proud to have the American Paramedic Association, Citizens Behind the Badge, the U.S. Deputy Sheriffs Association, the lead economist of the Drucker School, Jay Prag, America's Criminologist Dr. Currie Myers, and legal scholar John Tulac joining in this mission to illuminate the dangers facing pedestrians and solutions.

National Roadside Traffic Safety Awareness Month was created by the Pedestrian Safety Institute with the goal of educating and urging drivers to use caution while driving during this time of year.

"There are simple ways to reduce the number of deaths due to pedestrian traffic accidents - carry a bright flashlight, wear reflective clothing and be cautious, especially around fast-moving traffic," said Tony Maglica, founder and CEO of Mag Instrument, Inc., manufacturer of the Maglite® Flashlight.

Other facts and Safety Tips are available in the attached materials (link below) and at: https://maglite.com/collections/national-roadside-safety-awareness.

Info sheet (PDF): https://cdn.shopify.com/s/files/1/0089/1764/7423/files/PSI_Flyer.pdf?v=1687543185

Related link: https://maglite.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022