Day: October 14, 2022

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Madison Realty Capital Originates $32 Million Loan for Multifamily Development in Seattle

NEW YORK, Oct. 14, 2022 (GLOBE NEWSWIRE) — Madison Realty Capital, a vertically integrated real estate private equity firm focused on debt and equity investment strategies, today announced that it has provided a $32 million loan to Vibrant Cities for a recently completed, eight-story mixed-use residential and retail property located in the Capitol Hill neighborhood of Seattle, Washington.

The 95-unit property, known as Pivot Apartments, received TCO in May, and is 69% leased to date. Additionally, Pivot contains 4,900 square feet of ground floor retail space that is fully leased to Wasabi Sushi, La Cocina Oaxaqueña, and Social Tea. Thirty of the property’s residential units are fully leased for use as short-term rentals to Sonder USA Inc., a boutique hospitality company and short-term rental manager. Located at 1208 Pine Street, Pivot is ideally situated for professionals directly off Interstate 5, within minutes of multiple public transit options, and borders Seattle’s Central Business District, home to Fortune 500 companies and popular Seattle tourist destination, Pike Place Market. The Property participates in Seattle’s Multifamily Tax Exemption Program by designating 20% of the residential units as affordable.

Josh Zegen, Managing Principal and Co-Founder of Madison Realty Capital, said, “Pivot offers centrally located, flexible short- and long-term living options for Seattle’s robust employment market. We are pleased to further expand our presence in the Pacific Northwest by delivering a customized financing solution to Vibrant Cities, an experienced developer in Seattle with an extensive history of delivering high-quality multifamily properties.”

Ming Fung, Co-Founder and President of Vibrant Cities, added, “Madison Realty Capital’s team deeply understood our vision for Pivot Apartments and its place within Seattle’s most dense and hippest neighborhood located within walking distance to the core of downtown Seattle. Their reputation for professionalism and certainty of execution made them the best choice to complete this exciting new development in Seattle’s Capitol Hill.”

Pivot contains a unit mix of studio, one-, and two-bedroom residences with modern interiors, high-efficiency HVAC systems, LED light fixtures, and built-in closets, with some units offering private balconies and in-unit washer/dryers. Community amenities include an outdoor deck, parking garage, bike storage, on-site office, and fitness center for both long-term and short-term tenants.

About Madison Realty Capital 

Madison Realty Capital is a vertically integrated real estate private equity firm that, as of August 31, 2022, manages approximately $9.5 billion in total assets on behalf of a global institutional investor base. Since 2004, Madison Realty Capital has completed approximately $21 billion in transactions providing borrowers with flexible and highly customized financing solutions, strong underwriting capabilities, and certainty of execution. Headquartered in New York City, with an office in Los Angeles, the firm has approximately 70 employees across all real estate investment, development, and property management disciplines. Madison Realty Capital has been named to Commercial Observer’s prestigious “Power 100” list of New York City real estate players. To learn more, follow us on LinkedIn and visit www.madisonrealtycapital.com.

Nathaniel Garnick/Grace Cartwright
Gasthalter & Co.
(212) 257-4170
madisonrealty@gasthalter.com
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Azerbaijani currency rates for October 14

BAKU, Azerbaijan, October 14.The official exchange rate of the US dollar and euro against Azerbaijani manat as of October 14, 2022 is set at 1.7 and 1.6629 manat, respectively, Trend reports via Central Bank of Azerbaijan (CBA).

According to CBA the manat rate to other currencies on October 14 is as follows:

Currencies Official exchange rate
1 US dollar USD 1.7
1 Euro EUR 1.6629
1 Australian dollar AUD 1.0753
1 Argentine peso ARS 0.0112
1 Belarus ruble BYN 0.6706
1 Brazil real BRL 0.3227
1 UAE dirham AED 0.4628
1 South African rand ZAR 0.0934
100 South Korean won KRW 0.119
1 Czech koruna CZK 0.0676
1 Chilean peso CLP 0.1812
1 Chinese yuan CNY 0.2369
1 Danish krone DKK 0.2236
1 Georgian lari GEL 0.6148
1 Hong Kong dollar HKD 0.2166
1 Indian rupee INR 0.0206
1 British pound GBP 1.9242
100 Indonesian rupiah IDR 0.011
100 Iranian rials IRR 0.004
1 Swedish krona SEK 0.1514
1 Swiss franc CHF 1.7009
1 Israeli shekel ILS 0.4785
1 Canadian dollar CAD 1.2383
1 Kuwaiti dinar KWD 5.4797
1 Kazakh tenge KZT 0.0036
1 Kyrgyz som KGS 0.0204
100 Lebanese pound LBP 0.1125
1 Malaysian ringgit MYR 0.3617
1 Mexican peso MXN 0.0851
1 Moldovan leu MDL 0.0877
1 Egyptian pound EGP 0.0864
1 Norwegian krone NOK 0.1611
100 Uzbek soum UZS 0.0153
1 Polish zloty PLN 0.3461
1 Russian ruble RUB 0.0265
1 Singapore dollar SGD 1.1947
1 Saudi riyal SAR 0.4524
1 SDR (Special Drawing Rights of IMF) XDR 2.1698
1 Turkish lira TRY 0.0916
1 Taiwan dollar TWD 0.0533
1 Tajik somoni TJS 0.1655
1 New Turkmen manat TMT 0.4857
1 Ukrainian hryvna UAH 0.0461
100 Japanese yen JPY 1.1532
1 New Zealand dollar NZD 0.9623

 

 

Source: TREND News Agency

 

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Disaster Challenge Aids Australia’s Response to Natural Hazards

Young researchers and students are competing in a disaster challenge at a natural hazards forum in the Australian city of Brisbane.

The government-funded organization Natural Hazards Research Australia has said more Australians “than ever before are exposed to the damage and destruction of floods, bushfires, cyclones, heatwaves and storms.”

It reported that Australia has experienced 28 disasters that have cost more than $630 million, and 16 of these have occurred since 2000.

Experts have said that research is essential to improve Australia’s readiness for natural calamities.

At the inaugural Natural Hazards Research Forum in Brisbane, young researchers have been asked to solve a key conundrum in preparing communities for floods, fires and storms; how can disaster authorities get potentially life-saving advice to the “unengaged, the moving,” such as tourists or “the hard to reach”?

The winning entry aims to reach international tourists through Wi-Fi — essentially captive portals that compel visitors in flood or fires zones, for example, to watch a survival video before they can log onto the Internet at hotels, cafes or other destinations.

Mark Owens from the Country Fire Authority, an emergency service in the Australians state of Victoria, told VOA that the videos would be tailored for various locations and seasons.

“Making sure the message we actually get to them will actually change their behavior but also get them to do that for the future again and again, and that is why the videos will be tailored and changed seasonally, or, you know, if there is a La Niña coming through again,” he said. “So, you know, it might then really focus on floods for a big period of time instead of bushfire.”

Parts of Victoria state are currently facing one of the biggest floods in decades.

There have been rescues and evacuations along the Maribyrnong River in the city of Melbourne.

Thousands of people are also under evacuation orders for flooding in the states of New South Wales and Tasmania.

Two climatic phenomena — La Niña and the Indian Ocean Dipole — are fueling the flooding. Both occur naturally and are influenced by warmer ocean temperatures. They are dumping above-average rainfall across much of Australia, and experts say they are being super-charged by climate change.

Sydney is having its wettest year on record. More than 2 meters of rain have fallen on Australia’s biggest city, breaking the previous record set in 1950.

 

 

Source: Voice of America

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Astronomer Captivated by Brightest Flash Ever Seen

 

Astronomers have observed the brightest flash of light ever seen, from an event that occurred 2.4 billion light-years from Earth and was likely triggered by the formation of a black hole.

The burst of gamma rays — the most intense form of electromagnetic radiation — was first detected by orbiting telescopes Sunday, and its afterglow is still being watched by scientists across the world.

Astrophysicist Brendan O’Connor told AFP that gamma ray bursts that last hundreds of seconds, as this one did, are thought to be caused by dying massive stars, greater than 30 times bigger than our sun.

The star explodes in a supernova, collapses into a black hole, then matter forms in a disk around the black hole, falls inside, and is spewed out in a jet of energy that travels at 99.99% the speed of light.

The flash released photons carrying a record 18 teraelectronvolts of energy — that’s 18 with 12 zeros behind it — and it has impacted longwave radio communications in Earth’s ionosphere.

“It’s really breaking records, both in the amount of photons, and the energy of the photons that are reaching us,” said O’Connor, who used infrared instruments on the Gemini South telescope in Chile to take fresh observations early Friday.

“Something this bright, this nearby, is really a once-in-a-century event,” he added.

“Gamma ray bursts in general release the same amount of energy that our sun produces over its entire lifetime in the span of a few seconds — and this event is the brightest gamma ray burst.”

The gamma ray burst, known as GRB 221009A, was first spotted by telescopes including NASA’s Fermi Gamma-ray Space Telescope, the Neil Gehrels Swift Observatory, and the Wind spacecraft Sunday morning Eastern time.

1.9 billion-year-old movie

It originated from the direction of the constellation Sagitta and traveled an estimated 1.9 billion years to reach Earth — less than the current distance of its starting point, because the universe is expanding.

Observing the event now is like watching a 1.9 billion-year-old recording of those events unfold before us, giving astronomers a rare opportunity to glean new insights into things like black hole formation.

“That’s what makes this sort of science so addictive — you get this adrenaline rush when these things happen,” said O’Connor, who is affiliated with the University of Maryland and George Washington University.

He added that though the initial burst may have been visible to lucky amateur astronomers, it has since faded out of their view.

Over the coming weeks, he and others will continue watching for the signatures of supernovas at optical and infrared wavelengths, to confirm that their hypothesis about the origins of the flash are correct, and that the event conforms to known physics.

Supernova explosions are also predicted to be responsible for producing heavy elements — such as gold, platinum, uranium — and astronomers will also be on the hunt for their signatures.

Astrophysicists have written in the past that the sheer power of gamma ray bursts could cause extinction-level events here on Earth.

But O’Connor pointed out that because the jets of energy are very tightly focused, and aren’t likely to arise in our galaxy, this scenario is not something we should worry much about.

 

 

Source: Voice of America

 

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Chubu Electric Power Acquires Strategic Stake in Eavor Technologies Inc.

CALGARY, Alberta, Oct. 14, 2022 (GLOBE NEWSWIRE) — Eavor Technologies Inc. (“Eavor”), the leader in globally scalable geothermal technology, is pleased to announce that Chubu Electric Power Co., Inc. (“CHUBU”) has entered an agreement to make a direct investment in Eavor and support the commercialization of Eavor-Loop™ technology.

Along with CHUBU’s investment they will have a representative on Eavor’s Board of Directors. CHUBU’s presence and influence will be of paramount importance as Eavor completes first projects and enters its global commercialization phase.

The Eavor-Loop™ system differs from conventional geothermal solutions as it uses conduction to retrieve heat from the earth’s subsurface, resulting in a long-term, reliable, predictable and independent supply of renewable energy. This completely closed loop system provides a highly scalable source of heat and power without the typical exploration risk.

Mr. Hiroki Sato, Senior Executive Managing Officer at CHUBU, commented: “A technology such as this is a true game-changer and represents a potential transformation to the world’s energy stack, addresses climate change as well as energy autonomy and independence issues simultaneously. CHUBU is excited to be working with Eavor and supporting a solution to some of the world’s most intractable problems. This is an important strategic step for CHUBU fully aligned with our Management Vision 2.0 which defines CHUBU’s efforts to achieve sustainable growth.”

John Redfern, President & CEO at Eavor, stated that: “The opportunity and plan for global deployment of this technology requires partners like CHUBU. The involvement of CHUBU as one of our partners and Board members represents a fantastic endorsement of our technology, its commercialization and global scalability. Ultimately, when it lives up to its potential, Eavor’s solution is not only the missing element needed to fully decarbonize the world’s energy supply, it is also an opportunity for localized economies to obtain resilient, independent, autonomous, domestic energy resources. This changes everything.”

Watch Our New Video: Eavor – The Complete Package: https://youtu.be/3cNO2cR5Azk

About CHUBU Electric Power Co., Inc.

CHUBU is one of the largest energy companies in Japan, listed on the Tokyo Stock Exchange (TSE:9502). CHUBU Group has more than seven decades history consisting of energy value chain which includes power generation, power transmission/distribution and energy retail business. Aiming for a decarbonized energy company, CHUBU is expanding its business territory on a global basis with the optimal business portfolio, which consists of four domains of (i) “green” business centered on renewable energy, (ii) “blue” business in relation to de-carbonization, (iii) “retail, power transmission and distribution, and new services” and (iv) “new technologies”. CHUBU is promoting decarbonizing business to create a synergy between domestic business in Japan and global business to enhance its corporate value. For more details, please visit https://www.chuden.co.jp/english/

About Eavor Technologies Inc.

Eavor (pronounced “Ever”) is a technology-based energy company led by a team dedicated to creating a clean, reliable, and affordable energy future on a global scale. Eavor’s solution (Eavor-Loop™) represents the world’s first truly scalable form of clean, dispatchable, baseload capable, and flexible power. Eavor achieves this by mitigating or eliminating many of the issues that have traditionally hindered geothermal energy. Eavor instead circulates a benign working fluid that is completely isolated from the environment in a closed-loop, through a massive subsurface radiator. This radiator simply collects heat from the natural geothermal gradient of the Earth via conduction. Eavor has been supported by equity investments made by several leading global energy producers, investors, developers, and venture capital funds including Vickers Venture Partners, bp Ventures, Temasek, Chevron Technology Ventures, BHP Ventures, Helmerich & Payne, Precision Drilling, BDC Capital and CHUBU. info@eavor.com

Contact Data

Eavor Technologies Inc.
John Redfern
President & CEO
John.Redfern@eavor.com
Tel: +1-650-269-2501

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คุณ Henry Hui ได้รับการแต่งตั้งเป็นรองประธานองค์กรด้านกลยุทธ์ไฮโดรเจนและโครงสร้างพื้นฐานด้านพลังงานของ Nikkiso Clean Energy and Industrial Gases Group

เมืองเทเมคูลา รัฐแคลิฟอร์เนีย, Oct. 14, 2022 (GLOBE NEWSWIRE) — Nikkiso Cryogenic Industries’ Clean Energy & Industrial Gases Group (“กลุ่มบริษัทฯ”) ซึ่งเป็นบริษัทในเครือของกลุ่มบริษัท Nikkiso Co., Ltd (ญี่ปุ่น) มีความยินดีที่จะประกาศว่าคุณ Henry Hui ได้รับการแต่งตั้งขึ้นเป็นรองประธานองค์กรด้านกลยุทธ์ไฮโดรเจนและโครงสร้างพื้นฐานด้านพลังงาน โดยมีผลตั้งแต่วันที่ 1 ตุลาคม 2022

คุณ Henry จะยังคงทำหน้าที่มอบแรงบันดาลใจด้านวิสัยทัศน์เชิงกลยุทธ์ในกลุ่มบริษัทในบทบาทใหม่ของเขาต่อไป รวมถึงการกำหนดแผนปฏิบัติการเพื่อขับเคลื่อนการใช้เทคโนโลยีไครโอเจนิกส์ กระบวนการ และเทคโนโลยีเครื่องจักรเทอร์โบของ Nikkiso ซึ่งความทุ่มเทของเขาจะช่วยเพิ่มการเติบโตของกลุ่มลูกค้าในตลาดพลังงานสะอาดทั่วโลก และส่งเสริมความร่วมมือกับหน่วยงานภาครัฐ สมาคมการค้า กลุ่มสถาบันการเงิน พันธมิตร รวมถึงหน่วยงาน CE&IG และบริษัทระดับภูมิภาคทั้งหมด นอกจากนี้ คุณ Henry ยังจะรับผิดชอบในการจัดตั้งทีมวิศวกรรมแบบครบวงจรในเมืองฮูสตัน รัฐเท็กซัส สำหรับหน่วยงานโครงสร้างพื้นฐานด้านพลังงานและโครงการยุทธศาสตร์ (NESP) ที่ตั้งขึ้นมาใหม่ เพื่อให้เราสามารถให้บริการอุปกรณ์ บริการ และโซลูชันระดับโลกของ Nikkiso แก่ลูกค้าได้ดียิ่งขึ้น

“คุณ Henry มีประสบการณ์ที่ด้านการพัฒนาธุรกิจ วิศวกรรมคุณค่า และการส่งมอบโครงการอย่างรอบด้าน พร้อมด้วยความรู้และความสำเร็จในอุตสาหกรรมภาคพลังงานและก๊าซอุตสาหกรรมกว่า 25 ปี เขานำความสมดุลระหว่างความสามารถในการวางแผนเชิงกลยุทธ์และการดำเนินการมาสู่กลุ่มบริษัทและ NESP” คุณ Emile Bado รองประธานบริหาร ฝ่ายขายและการพัฒนาธุรกิจของกลุ่มบริษัทกล่าว “บทบาทของคุณ Henry ยังช่วยสนับสนุนภารกิจของเราในการจัดหาอุปกรณ์ เทคโนโลยี และบริการที่เป็นนวัตกรรมใหม่ผ่านกลุ่มบริษัทระดับโลกของเรา เพื่อช่วยสร้างความแตกต่างให้แก่ลูกค้าของเรา”

คุณ Henry เข้าร่วมในหน่วยการทำงาน Integrated Cryogenic Solutions มามากกว่าหนึ่งปี และมีบทบาทสำคัญในความสำเร็จล่าสุดของสายงาน Hydrogen Refueling Station ของ Nikkiso โดยคุณ Henry สำเร็จการศึกษาระดับปริญญาตรีในสาขาวิศวกรรมเคมี และปริญญาโทในสาขาวิศวกรรมศาสตร์จาก North Carolina State University นอกจากนี้ เขายังเป็น PE ขึ้นทะเบียนและ PMP ที่ผ่านการรับรองอีกด้วย

เกี่ยวกับ CRYOGENIC INDUSTRIES
บริษัทสมาชิกของ Cryogenic Industries, Inc. (ปัจจุบันเป็นสมาชิกของ Nikkiso Co., Ltd.) เป็นผู้ผลิตและให้บริการอุปกรณ์เชิงกระบวนการสำหรับก๊าซไครโอเจนิกที่ผ่านการออกแบบทางวิศวกรรม (ปั๊ม เทอร์โบเอ็กซ์แพนเดอร์ อุปกรณ์แลกเปลี่ยนความร้อน ฯลฯ) และโรงงานแปรรูปก๊าซอุตสาหกรรม, ก๊าซธรรมชาติเหลว (LNG), ไฮโดรเจนเหลว (LH2) และวัฎจักรแร็งคินสารอินทรีย์เพื่อกู้คืนความร้อนเหลือทิ้งกลับมาใช้ใหม่ โดย Cryogenic Industries ก่อตั้งมานานกว่า 50 ปี และเป็นบริษัทแม่ของ ACD, Nikkiso Cryo, Nikkiso Integrated Cryogenic Solutions, Cosmodyne และ Cryoquip รวมถึงกลุ่มองค์กรปฏิบัติการที่อยู่ภายใต้การบริหารร่วมกันอีกประมาณ 20 แห่ง

สำหรับข้อมูลเพิ่มเติม โปรดเยี่ยมชมเว็บไซต์ www.nikkisoCEIG.com และ www.nikkiso.com

สำหรับการติดต่อด้านสื่อ:
Anna Quigley
+1.951.383.3314

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Leading Telco Operator in Italy Migrates 13.5 Million Subscribers to the Latest Version of Synchronoss Email Suite

Replaces On-Premise System with New Cloud Environment, Adding Enhanced Email Security Capabilities

BRIDGEWATER, N.J., Oct. 13, 2022 (GLOBE NEWSWIRE) — Synchronoss Technologies, Inc. (NASDAQ: SNCR), a global leader and innovator of cloud, messaging and digital solutions, today announced that one of the largest telecom operators in Italy has successfully completed the migration to the latest version of Synchronoss Email Suite. Supporting 13.5 million subscribers, Synchronoss Email Suite was migrated from an on-premise system to a new cloud environment. As part of the migration project, the latest version of the email service now includes enhanced anti-spam, anti-virus, and IP reputation capabilities.

Since 2001, Synchronoss has provided this telecom operator with software, technical expertise, and consulting services. Over the years, the operator grew from 2 million email subscribers to 13.5 million today. The Synchronoss Email Suite platform provides the capability to deliver a continuous, simplified, and intuitive user experience across desktop and mobile.

The new Synchronoss Email Suite includes the Mx9 core messaging platform that is highly scalable with a stateless architecture, designed to be fault tolerant. It integrates encryption to ensure the utmost in security and data privacy. Mx9 has a modern and intuitive web user interface (UI) for email, contacts, and events. Additionally, the Huge Mail feature supports large file exchanges, and integrates Razorgate, an unparalleled message filtering capability designed to remove spam and mitigate the threat of phishing and viruses.

“While there are many channels of communication available today, email remains an important part of digital communications,“ said Chris Hill, Chief Commercial Officer at Synchronoss. “We are delighted Synchronoss Email Suite will play an instrumental role in helping this prominent Italian telecom operator continue to serve its subscribers with the most advanced features and functionality.”

Synchronoss Email Suite supports 20 major email deployments to service providers in North America, Europe and Asia Pacific, and hosts more than 180 million mailboxes. To find out more about the platform and other messaging solutions, visit https://synchronoss.com/products/engagex/email-suite.

About Synchronoss

Synchronoss Technologies (NASDAQ: SNCR) builds software that empowers companies around the world to connect with their subscribers in trusted and meaningful ways. The company’s collection of products helps streamline networks, simplify onboarding, and engage subscribers to unleash new revenue streams, reduce costs and increase speed to market. Hundreds of millions of subscribers trust Synchronoss products to stay in sync with the people, services, and content they love. Learn more at www.synchronoss.com.

Media Relations Contact:
Domenick Cilea
Springboard
dcilea@springboardpr.com

Investor Relations Contact:
Matt Glover / Tom Colton
Gateway Group, Inc.
SNCR@gatewayir.com