NASHVILLE, Tenn., Dec. 6, 2022 (SEND2PRESS NEWSWIRE) — “Roofing Contractor,” the roofing industry’s leading national magazine, recently announced its pick for Commercial Roofing Contractor of the Year – Rackley Roofing. The award was announced at the magazine’s 18th annual “Best of Success” conference which took place December 4-6 at the Fairmont Scottsdale Princess in Phoenix, AZ.
“It’s such an honor to be recognized as the Commercial Roofing Contractor of the Year,” Curtis Sutton, president and CEO, Rackley Roofing, says. “It’s clear that our unmatched customer service, safety, and documentation have paid off in more ways than one.”
Rackley Roofing practices their core values (humble, hungry, smart, innovative, customer-focused and accountable) daily. Their employee recruitment campaign demonstrates how inclusive they are by empowering people from all walks of life to excel within the company.
“Roofing Contractor” recognized that Rackley Roofing invests in the latest training and doesn’t skimp on developing the best people. They saw their passion for community and for pushing boundaries.
“True stars rise to the top not by chance but through purpose and passion,” said Jill Bloom, Group Publisher of “Roofing Contractor” Magazine. “Rackley’s purpose and passion shine bright through the way they care about their people. There’s so much more I could say about them! We are honored to have them as our Commercial Roofing Contractor of the Year!”
Though all of Rackley Roofing’s core values are seen in their day-to-day operations, their core value of “innovate” is a focus for Rackley Roofing as they leverage technology throughout the roofing process. In 2019, they were the recipient of the Roofing Technology Think Tank – RT3 Innovator of the Year award, which honors contractors for technical innovation and product development.
“The Rackley team lives their core values, making marketing their company a true delight. Nothing is fake or exaggerated; they truly are the best of the best,” Anna Anderson, CEO of Art Unlimited, a marketing agency, that provides services to Rackley, says.
Sutton’s approach to marketing is out-of-the-box, but stays on track – literally. He created a NASCAR team which stems from his love of racing and desire to be the best of the best where he decided to bring these two worlds together. The NASCAR team, Rackley WAR, is bringing the world of roofing to millions of users and daily expands the Rackley Roofing brand saturation.
“When you invest in a brand, you’ll see results,” Sutton says.
Transforming the industry is what Rackley Roofing does and will continue to do. Every day they’re looking for new ways to revolutionize the roofing industry, and they do just that one roof at a time.
About Rackley Roofing:
Established in 1974, Rackley Roofing is the leading industrial and commercial roofing contractor in Tennessee. As a full-service roofing company, its dedicated, in-house crews each focus on one specialty. They only hire highly skilled, full-time roofing experts. Their mission is to transform the roofing industry through unmatched customer service, documentation and safety.
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EXTON, Pa.–(BUSINESS WIRE)–Nov 30, 2022–
Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced that its Cohesive Group digital integrator business has acquired Vetasi, a leading international consultancy specializing in enterprise asset management (EAM) solutions, with a strong focus on IBM Maximo.
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Vetasi brings to Cohesive the largest IBM Maximo consultancy team across Europe, Africa, and ASEAN countries, with headquarters in the United Kingdom and operations based in Poland, Indonesia, South Africa, Spain, Ukraine, and Australia. In addition to EAM resources, Vetasi deepens the Cohesive team with additional strategic advisory capabilities and adds to the Cohesive services catalog Maximo cloud hosting capabilities, expertise in low-code development, and strong real estate and facilities management domain knowledge. By virtue of the combination with Cohesive, Vetasi’s clients can benefit from the multidiscipline scope of a world-leading digital integrator, combining greater global scale with local agility to leverage more value from their asset portfolios.
Cohesive was founded by Bentley in 2020 as a digital engineering systems integrator to help infrastructure owner-operators deliver transformational and sustainable outcomes. Cohesive has achieved consistent significant growth and continues to win substantial new projects, notably in the utilities, transport, and energy sectors. Prior to Vetasi, Cohesive has acquired multiple organizations in the EAM and digital twin advisory space to increase service delivery capacity, including prioritizing geographical reach for significantly growing opportunities in the EMEA and especially Asia Pacific regions.
David Hollister, Bentley Systems’ chief investment officer, said, “The acquisition of Vetasi, with over 200 colleagues in EMEA and Asia Pacific, contributes substantially towards our objectives for Cohesive as an independent digital integrator, largely filling any remaining gaps to achieve comprehensive global self-sufficiency and economies of scale across the full lifecycle of infrastructure assets. Additionally, Vetasi significantly accelerates Cohesive’s learning curve in cloud hosting provisioning for Maximo. Cohesive’s growing success will show the way for engineering firms to create and curate digital twin data-centric cloud services for infrastructure owner-operators, increasing opportunities for Bentley’s market-leading iTwin Platform.”
Mark Bew, CEO of Cohesive, said, “Acquiring Vetasi enables Cohesive to consolidate its position as a global leader in digital engineering systems integration. This significantly scales out our global platform to build long-term, high-value partnerships with our clients. By advancing Maximo implementations to function within digital “infinity twins,” Cohesive can help to transform asset-owners’ businesses from an operational perspective while also improving their ESG performance. On behalf of Cohesive’s talent force of now over 700 colleagues everywhere, we warmly embrace the Vetasi team and look forward to the next step in our shared journey.”
Jarosław Łukasiewicz, CEO of Vetasi, who joins Cohesive along with other executive partners James Fair and Trevor Roberts, said, “We are delighted to join Cohesive and contribute to its mission of delivering transformational and sustainable outcomes through the built and natural environment. Becoming part of Cohesive enables us to expand our partnerships with our clients and build further upon Vetasi’s vision of delivering solutions that deliver real value.”
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About Cohesive
As a world-class digital engineering systems integrator and consultancy, Cohesive partners with infrastructure asset owner-operators and enterprise leaders to design and deliver transformational outcomes in both the built and natural environments, achieving for its clients practical service and financial and social goals. Its portfolio of industry and implementation experts, lifecycle capabilities, and key software proficiencies enables Cohesive to support and improve the most complex infrastructure projects and assets globally.
Learn more at https://cohesivegroup.com.
About Bentley Systems
Bentley Systems (Nasdaq: BSY) is the infrastructure engineering software company. We provide innovative software to advance the world’s infrastructure – sustaining both the global economy and environment. Our industry-leading software solutions are used by professionals, and organizations of every size, for the design, construction, and operations of roads and bridges, rail and transit, water and wastewater, public works and utilities, buildings and campuses, mining, and industrial facilities. Our offerings include MicroStation -based applications for modeling and simulation, ProjectWise for project delivery, AssetWise for asset and network performance, Seequent’s leading geoprofessional software portfolio, and the iTwin Platform for infrastructure digital twins. Bentley Systems employs more than 4,500 colleagues and generates annual revenues of approximately $1 billion in 186 countries.
© 2022 Bentley Systems, Incorporated. Bentley, AssetWise, Cohesive, iTwin, MicroStation, ProjectWise, Seequent, and Vetasi are either registered or unregistered trademarks or service marks of Bentley Systems, Incorporated or one of its direct or indirect wholly owned subsidiaries. All other brands and product names are trademarks of their respective owners.
View source version on businesswire.com:https://www.businesswire.com/news/home/20221130006068/en/
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Mitchel Weber
+31 682097756
Mitchel.Weber@cohesivegroup.com
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@cohesive
KEYWORD: PENNSYLVANIA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: TECHNOLOGY CONSTRUCTION & PROPERTY CONSULTING ENGINEERING PROFESSIONAL SERVICES MANUFACTURING SOFTWARE OTHER CONSTRUCTION & PROPERTY DATA MANAGEMENT
SOURCE: The Cohesive Companies
Copyright Business Wire 2022.
PUB: 11/30/2022 04:01 PM/DISC: 11/30/2022 04:02 PM
SANTA BARBARA, CA, Nov. 15, 2022 (GLOBE NEWSWIRE) — SunHydrogen, Inc. (OTC: HYSR), the developer of a breakthrough technology to produce renewable hydrogen using sunlight and water, today announced that it has invested $10M in TECO 2030 ASA (Oslo Stock Exchange: TECO, OTCQX: TECFF).
A Norway-based company, TECO 2030 is the developer of zero-emission technology for the maritime and heavy industry sectors. TECO 2030 is currently accelerating the transition to renewable fuels by developing and building Europe’s first gigafactory of hydrogen PEM fuel cell stacks for medium to heavy-duty trucks and PEM fuel cell modules for maritime applications.
Most recently, TECO 2030, Shell, and additional partners received €5 million in funding from Horizon Europe to realize the HyEkoTank, a hydrogen powered tanker that will look to lead the maritime shipping sector in achieving climate targets set by the European Union.
Additionally, earlier this year TECO 2030 announced a new collaboration with their longtime development partner AVL in which TECO 2030 will provide fuel cell stacks with energy capacities above 300kW for AVL’s HyTruck fuel cell system.
“Over the past year, we have considered many companies in the hydrogen space for strategic investment,” said SunHydrogen’s CEO Tim Young. “We believe TECO 2030’s fuel cell technology, designed with their development partner AVL, has shown incredible potential to become a key player in the fuel cell market.”
“In addition to our commitment to developing our nanoparticle technology, SunHydrogen is in parallel committed to enabling the green hydrogen economy,” Mr. Young continued. “Through our cooperation with TECO 2030, we believe our companies can make a significant impact in a fast-growing market that Goldman Sachs estimates to be worth $12 trillion by 2050.”
SunHydrogen’s $10M total strategic investment is in two parts. The first is a $7M direct investment for shares equal to 9.3% of TECO 2030. The second is a $3M convertible note at 8% interest that will be convertible into 6.1 million shares at 5.08 Norwegian Krone per share.
Following the investment, SunHydrogen shall designate a director to serve on TECO 2030’s board of directors. As part of the investment, the two parties agree to pursue a potential business combination and an up-listing onto a US stock exchange will be explored.
“This strategic investment by SunHydrogen will give us more visibility and a strong strategic partner in the US which has very ambitious hydrogen plans,” said TECO 2030’s CEO Tore Enger. “I am looking forward to cooperating with SunHydrogen on our mission toward zero emission fuel cell projects.”
About SunHydrogen, Inc.
SunHydrogen is developing a breakthrough, low-cost technology to make renewable hydrogen using sunlight and any source of water, including seawater and wastewater. The only byproduct of hydrogen fuel is pure water, unlike hydrocarbon fuels such as oil, coal and natural gas that release carbon dioxide and other contaminants into the atmosphere when used. By optimizing the science of water electrolysis at the nano-level, our low-cost nanoparticles mimic photosynthesis to efficiently use sunlight to separate hydrogen from water, ultimately producing environmentally friendly renewable hydrogen. Using our low-cost method to produce renewable hydrogen, we intend to enable a world of distributed hydrogen production for renewable electricity and hydrogen fuel cell vehicles. To learn more about SunHydrogen, please visit our website at www.SunHydrogen.com.
About TECO 2030
TECO 2030 is a Norway-based cleantech company developing zero-emission technology for the maritime and heavy industry sectors. They are developing PEM hydrogen fuel cell stacks and PEM hydrogen fuel cell modules that enable ships and other heavy-duty applications to become emission-free. The company is listed on Euronext Growth on the Oslo Stock Exchange under the ticker TECO, and in New York on the OTCQX under the ticker TECFF. TECO 2030 is a spinoff of TECO Maritime Group, a group that has provided technology and services to the global shipping industry since 1994. For more information, please visit www.teco2030.no.
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words “anticipate,” “believe,” “estimate,” “may,” “intend,” “expect” and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein, and while expected, there is no guarantee that we will realize a return on our investment in TECO 2030 or that we will be able to consummate a business combination with TECO 2030 and successfully up-list to a national exchange. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties and other factors, known and unknown, including the risk factors described from time to time in the Company’s reports to the Securities and Exchange Commission. The forward-looking statements contained herein are applicable only as of the date on which they are made, and the Company does not assume any obligation to update any forward-looking statements.
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ARLINGTON, Va., Nov. 08, 2022 (GLOBE NEWSWIRE) — Federated Wireless, the industry expert in cloud-based dynamic spectrum sharing solutions, has been conditionally approved as an Automated Frequency Coordination (AFC) system operator by the U.S. Federal Communications Commission (FCC). In anticipation of this approval, Federated Wireless has already engaged in commercial agreements with leading unlicensed radio equipment manufacturers to enable access to the 6 GHz band by new standard power and outdoor Wi-Fi 6E devices.
To date, Federated Wireless has signed commercial agreements with several innovative enterprise WLAN access point manufacturers. These vendors are collectively responsible for producing equipment for over 50% of the worldwide enterprise outdoor access point market. The commercial agreements between Federated Wireless and these leading companies will bring standard power and outdoor access point operation online at a lightning pace.
“Federated Wireless thanks the FCC for granting conditional approval to our AFC system and for recognizing that standard power and outdoor Wi-Fi access points will provide the necessary capacity to unleash industry-changing use cases for wireless technology,” notes Kurt Schaubach, Chief Technology Officer of Federated Wireless. “Our team has been hard at work building and demonstrating, both domestically and internationally, a best-in-class AFC solution that will enable rapid standard power and outdoor access point deployment in the 6 GHz band.”
Fixed wireless access will be a critical technology deployed in the 6 GHz band. Fixed wireless operators were one of the earliest adopters of shared spectrum technology through the use of the Citizens Broadband Radio Service (CBRS) band. Federated Wireless is pleased to announce it has also signed a commercial agreement with a leading 4G/5G equipment manufacturer that specializes in fixed wireless access points. The commercial partnership between the two companies will allow the fixed wireless market to utilize 850 MHz of the 6 GHz band for standard power operation.
In addition to the U.S. FCC, national regulatory authorities around the world, including Canada, the Kingdom of Saudi Arabia, and Brazil are in the process of authorizing unlicensed device use of the 6 GHz band in conjunction with an AFC for standard power and outdoor operations. Federated Wireless looks forward to joining forces with our current and future Wi-Fi equipment partners to launch this exciting new capability globally and accelerate industrial digital transformation and connect the unconnected.
“Wireless technology has the ability to positively impact how we interact with the world. Through the 6 GHz band, standard power devices will facilitate use cases that need multi-gigabit speeds to support high-definition video streaming and augmented/virtual reality, such as telehealth, robotics, and industrial automation,” says Iyad Tarazi, President and Chief Executive Officer of Federated Wireless. “Our conditional approval is another proof point that the Federated Wireless team is the best in the industry when it comes to developing shared spectrum solutions for the wireless challenges of today and tomorrow.”
About Federated Wireless
Founded in 2012, Federated Wireless is the leading innovator of private wireless and shared spectrum services. The company’s partner ecosystem includes more than 80 solution and edge partners, all of which are dedicated to collaboration in advance development and deployment of shared spectrum services. Federated Wireless’ customer base includes companies spanning telecommunications, government, logistics, manufacturing, energy, hospitality, education, retail, office space, municipal and residential verticals, with use cases ranging from Private Wireless and Industrial IoT to network densification and mobile offload. For more information, visit: www.federatedwireless.com.
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Copyright 2022 GlobeNewswire, Inc.
Weak quarterly results from several big technology companies weighed on stocks Wednesday, leaving major indexes mixed on Wall Street.
The S&P 500 fell 0.7% after shedding an early gain, while the tech-heavy Nasdaq composite dropped 2%. The lower finish ended a three-day winning streak for both indexes.
The Dow Jones Industrial Average ended just barely in the green after having been up 1.1%, thanks in part to a big jump in Visa.
Smaller company stocks far outpaced the broader market, lifting the Russell 2000 index by 0.5%.
“A handful of very large companies are weighing on the indexes,” said Willie Delwiche, investment strategist at All Star Charts. “The more exposed you are to those mega-cap tech stocks the more you’re down today, and the less exposed you are the less you’re down.”
The S&P 500 fell 28.51 points to 3,830.60. The Nasdaq fell 228.12 points to 10,970.99. The Dow rose 2.37 points to close at 31,839.11. It had briefly been up by more than 335 points. The Russell 2000 added 8.18 points at 1,804.33.
Google’s parent company, Alphabet, slumped 9.6% after it reported disappointing third-quarter financial results as advertising sales weakened. Weak ad sales are threatening other tech and communications companies. Music streaming service Spotify fell 13% after it reported a bigger third-quarter loss than Wall Street expected.
Microsoft slid 7.7% after it reported disappointing growth for its cloud computing company, while profits fell along with PC sales. Chipmaker Texas Instruments fell 2.6% after giving investors a discouraging forecast for the current quarter.
Facebook’s parent company, Meta, fell 10.8% in after-hours trading following the release of its third-quarter earnings, which fell short of analysts’ forecasts, according to FactSet. The stock fell 5.6% in regular trading.
Stocks with huge valuations, such as Microsoft, Meta Platforms and Google parent Alphabet, can have a big effect on market indexes.
In the S&P 500, the slide in technolgy and communications stocks outweighed gains elsewhere in the benchmark index, including in health care and energy companies.
Traders bid up shares in companies that delivered improved quarterly results Wednesday.
Visa rose 4.6% after reporting strong financial results and raising its dividend. Norfolk Southern gained 2.9% after reporting a surge in profits on an increase in shipping rates.
Outside of earnings, Mobileye Global, Intel’s self-driving unit, rose 38% in its market debut.
Several other big companies are on deck to report earnings this week. Apple and Amazon report results on Thursday, along with industrial bellwether Caterpillar and McDonald’s.
The tech-stock losses also overshadowed another slide in Treasury yields, which helped boost stocks earlier in the week as they pulled back from their multiyear highs.
Bond yields have been declining amid speculation among investors that the Federal Reserve may begin easing up on its aggressive pace of interest rate increases as soon as this year. Gains in those rates have sent mortgage rates sharply higher this year.
The yield on the 10-year Treasury fell to 4.01% from 4.10% late Tuesday. The two-year yield fell to 4.42% from 4.48%.
Investors are mainly focused on earnings this week, but are waiting for several economic updates as they try to get a better picture of how inflation is impacting businesses, consumers and the Fed’s plans for interest rate increases.
The government will release its first estimate on third-quarter gross domestic product on Thursday. The U.S. economy is already slowing down and actually contracted during the first half the year. On Friday the government will also release more data on personal income, consumption and spending.
The latest economic data is being closely watched for any signs of a slowdown as Wall Street tries to determine if and when the Fed might ease up on its interest rate increases. The central bank is expected to raise interest rates another three-quarters of a percentage point at its upcoming meeting in November. But traders have grown more confident that it will dial down to a more modest increase of 0.50 percentage points in December, according to CME Group.
Investors have been concerned that the Fed could go too far with rate increases and cause a recession by slowing the economy too much.
Joe McDonald and Matt Ott contributed to this report.
Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
VANCOUVER, Sept. 16, 2022 (GLOBE NEWSWIRE) — Clearmind Medicine Inc. (CSE: CMND), (OTC Pink: CMNDF), (FSE: CWY0) (“Clearmind” or the “Company”), a biotech company focused on discovery and development of novel psychedelic-derived therapeutics to solve major undertreated health problems, announced that it has decided to issue 122,160 common shares in the capital of the Company (“Shares”) in lieu of payment of $10,000, monthly, starting May 1st 2022, to consultants of the Company.
All Shares will only be subjected to those restrictions designated in applicable securities laws.
About Clearmind Medicine Inc.
Clearmind is a psychedelic pharmaceutical biotech company focused on the discovery and development of novel psychedelic-derived therapeutics to solve widespread and underserved health problems, including alcohol use disorder. Its primary objective is to research and develop psychedelic-based compounds and attempt to commercialize them as regulated medicines, foods or supplements.
The Company’s intellectual portfolio currently consists of four patent families. The Company intends to seek additional patents for its compounds whenever warranted and will remain opportunistic regarding the acquisition of additional intellectual property to build its portfolio.
Shares of Clearmind are listed for trading on the Canadian Securities Exchange under the symbol “CMND”, the Frankfurt Stock Exchange under the symbol “CWYO” and on the OTC Markets under the symbol “CMNDF”.
For further information, please contact:
Investor Relations,
Email: invest@clearmindmedicine.com
Telephone: (604) 260-1566
General Inquiries,
FORWARD-LOOKING STATEMENTS:
This news release may contain forward-looking statements and information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Such statements include submission of the relevant documentation within the required timeframe to the satisfaction of the relevant regulators and raising sufficient financing to complete the Company’s business strategy. There is no certainty that any of these events will occur. Although such statements are based on management’s reasonable assumptions, there can be no assurance that such assumptions will prove to be correct. We assume no responsibility to update or revise them to reflect new events or circumstances.
Investing into early-stage companies inherently carries a high degree of risk, and investment into securities of the Company shall be considered highly speculative.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities in any province in which such offer, solicitation or sale would be unlawful. The securities issued, or to be issued, under the Private Placement have not been, and will not be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
Neither the Canadian Securities Exchange (the “CSE”) nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
Copyright 2022 GlobeNewswire, Inc.
NEW ALBANY, Ohio, Sept. 14, 2022 (GLOBE NEWSWIRE) — CVG announced today that Andy Cheung has been appointed to the role of Executive Vice President and Chief Financial Officer, effective Oct. 11, 2022.
Prior to this appointment, Cheung spent more than 25 years at Johnson Controls, progressing through a variety of roles and departments, including positions in finance, general management, procurement, and corporate development. He has held a number of senior-level positions throughout his career, and lived and worked in Japan, China, Belgium, and the United States during his tenure. Cheung is joining CVG directly from Johnson Controls where he was most recently serving as Vice President & Chief Financial Officer of Global Products.
“Andy will play an important role in CVG’s transformation,” said CVG President and CEO Harold Bevis. “He has a proven record of building strong teams and delivering results. Andy has extensive experience with acquisitions, joint ventures and partnerships which will prove valuable as CVG enters its next phase of profitable diversified growth.”
“I believe the size, global platform, and diversification of CVG’s offerings poise the company for significant growth over the next few years,” said Cheung. “I’m eager to put my experience to immediate use and become part of CVG’s journey into the future, especially as the company continues focusing on the electric vehicle and automation industries.”
Cheung will replace Christopher Bohnert, who resigned from the role of CFO and is expected to remain with the company in a different role until the end of the year and assist in a smooth leadership transition.
Cheung was born in Hong Kong and received his Bachelor of Business Administration in Accounting from Hong Kong University of Science & Technology, and an MBA from the University of Chicago. Cheung is also a Certified Public Accountant (inactive status).
About CVG
At CVG, we deliver real solutions to complex design, engineering and manufacturing problems while creating positive change for our customers, industries, and communities we serve. Information about our company and products is available at www.cvgrp.com.
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