Monday, January 20, 2020

Consolidated Machine & Tool Holdings, LLC acquires RLS Machining, Inc., Mill Creek Machining, Inc., and Murphy Machine Products, Inc.

Consolidated Machine & Tool Holdings, LLC ("CMTH"), a portfolio company of White Wolf Capital, LLC ("White Wolf"), is pleased to announce the acquisitions of RLS Machining, Inc. ("RLS"), Mill Creek Machining, Inc. ("MCM"), and Murphy Machine Products, Inc. ("MMP"). In conjunction with these acquisitions, CMTH was recapitalized to better position it for additional acquisitions and continued growth. All three transactions closed simultaneously on January 15, 2020. Details of the transactions were not disclosed.

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Elie Azar, Managing Director of White Wolf, noted, "We are excited to partner with the management teams of RLS, MCM and MMP. This transaction will provide all CMTH companies with access to additional capital and resources to support further growth and better serve our valued customers."

About CMTH
CMTH is a platform holding company formed in 2017 by White Wolf Capital, LLC to acquire industry leading manufacturers specializing in precision machining, fabrication, assembly, and design of highly engineered components.

In June 2017, CMTH acquired Anaheim-based Astro-Tek Industries, Inc. a precision machining company focused on the aerospace, defense, space/satellite and industrial sectors.

In February 2018, CMTH acquired LCP Machine, Inc. located in Bunnell, Florida. LCP is focused on a number of industries including aerospace, defense and industrial sectors.

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CMTH companies are AS9100, ISO 9001 and ITAR certified/registered.

CMTH has seasoned management teams across all locations with significant experience serving various blue chip customers across multiple industries. For further information, please visit: http://www.cmth.com.

About RLS
RLS, founded by Mike Rollmann and Hal Schulz in 2010, provides full service precision machining and prototyping work. Their experienced machinists can produce difficult prototype parts to exact specifications and perform single-piece work, repair work as well as production runs. RLS is experienced with working in a variety of materials and can do both milling and turning type machining. RLS is located in Omro, WI.

About MCM
MCM, founded by Justin Stamer in 2001, provides contract machining and assembly services for industrial manufacturing customers nationally. MCM is ISO 9001 certified and specializes in large lathe work and maintaining on high-quality standards for its customers. Employees are all highly skilled and capable of working with a variety of materials. MCM has two facilities in Iowa which are located in Paullina and Spencer. Read this for more information.

About MMP
MMP, established in 1965, provides high-quality and cost-effective turning, milling, boring, Swiss machining, and light assembly services to a wide range of industries. MMP specializes in long-term, high run parts, with a particular expertise in Swiss turning. MMP is ISO 9001, AS9100C and ITAR certified. MMP is located in Wood Dale, IL.

About White Wolf
White Wolf is a private investment firm that began operations in late 2011 and is focused on management buyouts, recapitalizations and investments in leading middle market companies. In general, White Wolf seeks both mezzanine and private equity investment opportunities in companies that are headquartered in North America with $10 million to $100 million in revenues and up to $10 million in EBITDA. Preferred industries include: manufacturing, business services, information technology, security, aerospace and defense. For further information, please visit: http://www.whitewolfcapital.com.

CMTH Acquisition Criteria
CMTH is actively seeking add-on acquisition opportunities that meet the following criteria:

Please contact info@whitewolfcapital.com to discuss potential acquisition candidates.

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Artificial Intelligence, The Real Estate Industry And The Realtor

The Artificial Intelligence revolution has begun. Although it is still in its infancy, AI is already facilitating self-driving cars and voice-activated home systems that set alarms and thermostats on their own. The technology may come off as intimidating to many in the real estate industry, but a more involved understanding of how AI and machine learning can make lives easier will cause all to approve of the technology. At this stage, it's not instantly evident how real estate is influenced by artificial intelligence. This includes buying, selling, and maintenance of the Real estate. Despite some challenges, AI promises to deliver excellent benefits to those who use it right.

The buzzword in almost every sector, AI was predicted to substitute the manpower by computers. It hasn't happened yet and presumably, wouldn't happen in the next decade either. However, there are immense advantages to the companies that are ahead in technology as compared to their competitors. Artificial intelligence has the potential to increase efficiency by a substantial amount and has become the latest rung in the helix of the ever-growing real estate industry's evolution.

Not a very long time ago, realtors used to go from door to door looking for potential clients. It was a grueling chore that had even the most efficient and organized agents cold calling for hours a day. With the excessive amounts of data, even the tiniest of human errors could set everything back. Luckily for realtors, those days are well behind. The biggest strength of AI systems lies in having access to tons of data and being able to find patterns in that data, generating insights and inferences while augmenting people's ability to make decisions based on that data.

Artificial intelligence may seem to pose a threat to realtors' jobs but truly, it's not something that agents should be afraid of. As mentioned earlier, even with the advanced technology, there's still a long time before mass industry adoption of Artificial Intelligence. In the meantime, realtors should embrace this technology as a unicorn as it can drastically reduce their workload, help them sell more, eliminate the pitfalls of any and all human error and help them reach home buyers that they might not be able to otherwise. Agents can save the time they otherwise would have had to spend on all the calling and making a clientele and spend it directly on the latent buyer instead.

An example of one such Real Estate that has become a front-runner in implementing artificial intelligence is TruConnectRE.Com
TruConnect Real Estate is deeply involved in the agent's gain. It not only provides them with solid leads but also offers a turn-key solution to the problems they're facing. With its data-driven, human-powered approach, TruConnectRE.Com provides the realtor with advanced AI software to manage and track the leads provided. The best part? TruConnectRE charges only a 25% referral fee subsequent to a closing! An effective lead generation system uses both, inbound and outbound marketing to engage buyers and take them towards conversion. To facilitate that, TruConnect also tailors and manages marketing material, establishing an all-in-one platform for the realtor. With its growing approach, TruConnect Real Estate does all the work for the realtor by generating thousands of real estate leads from around the world. And it doesn't end with that. They call the turnover, strain and ensure follow-ups until they find the ideal client for an agent to occupy. In doing so, they not only increase efficiency and cut down costs but also rid the agents of the tedious task of calling leads. This frees up time for the realtor to focus on the buyer, closing 2 to 5 times the deals they normally do. Agents are introduced to screened and effectuate clients and are left to form a relationship and seal the deal.

With all eyes on Artificial Intelligence, it's perceptible that this technology will largely impact the future of the real estate. It will be disruptive and will cut off some practices, but it will also save a great deal of time and money when it comes to operational efficiency and client service. Its ability to collect and analyze from a huge inflow of data is sure to make agents more effective, brokers more strategic, and clients ultimately empowered to experience the buying and selling process with a tap on the screens of their phones.

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Vetsource and Veterinary Study Groups, Inc. Renew Long-Standing Home Delivery Partnership

Vetsource®, a technology-enabled health-care services company with a platform designed to empower veterinarians to deliver better care to their patients, has renewed its contract with Veterinary Study Groups, Inc. (VSG) as a preferred Home Delivery provider for its member practices.

"VSG has been a valued partner since Vetsource started in 2008," said Kurt Green, president and CEO of Vetsource. "Renewing our contract with them reinforces our deep partnership and commitment to their member practices as we continue to grow and evolve along with them and the industry at large."

As a VSG Home Delivery partner, Vetsource's online pharmacy services are made available to more than 1,400 Veterinary Management Group (VMG) member practices across the United States. These services help them run a better business and deliver better care by empowering them at all levels of their business — from prescription management and pet owner engagement to revenue generation and data analytics. Additionally, VMG practices get exclusive benefits through Vetsource, like special promotions for pet owners and access to Vetsource-sponsored meetings that help them achieve their Home Delivery goals.

"Home delivery of veterinary products enables our members to provide e-commerce solutions to clients who prefer them and to better address the medical needs of many clients and patients," said Steve Curvey, chief operating officer of VSG. "We are very pleased to continue our partnership with Vetsource, providing our member practices with a proven prescription management platform."

Vetsource's industry-leading online pharmacy services include the double-patented, mobile-optimized ScriptRight® ePrescribing tool and e-commerce shopping sites. Pet owners can shop their veterinarian's Home Delivery site for medications, food and over-the-counter health-care products. Prescriptions are then filled by Vetsource's human-grade institutional pharmacy and shipped right to clients' homes.

About Vetsource
Vetsource is a health-care information technology company that provides innovative pharmacy, technology and business services to veterinarians. As the largest Home Delivery pharmacy provider to veterinarians, it sources products directly from the manufacturers and ships them to clients' front doors. Vetsource's Home Delivery services, including AutoShip and RemindMe, empower practices and their clients to schedule medications and nutritional products — including individual doses — for convenient home delivery with no shipping charges. At the same time, practices benefit from improved compliance, enhanced client relationships, and better control over providing the prescriptions and health-care products their clients need. More than 9,000 veterinary practices in the United States use Vetsource's full suite of pharmacy services, with an additional 12,000 practices using its prescription management platform. Vetsource also offers additional software solutions, including veterinary data analytics through VetSuccess and a client client engagement app via Vet2Pet.

About Veterinary Study Groups, Inc.
VSG, the corporate umbrella for 48 Veterinary Management Groups, provides structure that enables practice owners to benefit from each other's wisdom, ideas and experiences. Each VMG is made up of 16-22 individuals and meets biannually to share information, data and management experiences. Mutual support and motivation help VMG members attain higher levels of success as practice administrators and leaders. More information about Veterinary Management Groups, including membership and contact details, may be found at http://www.veterinarystudygroups.com.

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Palma Ceia SemiDesign Signs Agreement with BLRLABS for Expansion to India

Palma Ceia SemiDesign, a provider of next-generation wireless connectivity solutions, today announced it has entered into a sales and support representative agreement with BLRLABS of Bangalore, India. Under the terms of the agreement, BLRLABS will provide expanded sales and technical support for Palma Ceia SemiDesign's NB-IoT products in India.

"Establishing sales and support capabilities for our customers in India is critical as we expand our global footprint," said Roy E. Jewell, chief executive officer of Palma Ceia SemiDesign. "BLRLABS has an outstanding record of success with some of the world's top technology customers and we look forward to a strong and long-lasting partnership between our two companies."

BLRLABS seeks to co-create next-generation products by combining its expertise with that of its customers and technology partners. The company's solutions team works with product companies to plan & execute new business avenues while the design services team works as an extension of product development companies to meet their product realization. BLRLABS has affiliations with academia as well as with industry.

"We are excited to bring Palma Ceia's NB-IoT technology to India, where some of the world's top semiconductor companies operate," said Ravishankar Balasubramanian, chief executive officer of BLRLABS. "India welcomes these technologies as a platform to enable smart systems across the board. We expect explosive growth to continue in the developing NB-IoT technologies, and we look forward to working with the Palma Ceia team to expand this growth."

Palma Ceia SemiDesign's NB-IoT products support cellular standards targeted to support applications such as industrial IoT, smart cities, smart health and smart home -- sensor and cellular connection applications which typically need to operate under battery power for 10 years or more.

The relationship with BLRLABS is the latest step in Palma Ceia SemiDesign's global expansion. In October 2019 the company added a design team in Cambridge, United Kingdom, and previously opened facilities in Hong Kong and China. Contact information is available on the Palma Ceia SemiDesign website.

About BLRLABS
BLRLABS is a technology pivot for co-designing hardware and software solutions. The company's proven expertise enables it to offer services in cutting-edge semiconductor design and system software. BLRLABS also offers product engineering services for various vertical markets of the Internet of Things. Visit BLRLABS on the web at http://www.blrlabs.com

About Palma Ceia SemiDesign
Palma Ceia SemiDesign (PCS) is a leading provider of communication IP and semiconductors for next-generation WiFi and cellular applications. With a focus on emerging WiFi and LTE standards, PCS targets the design of ICs for broadband, wireless, medical and automotive applications. Palma Ceia solutions are differentiated by low-power, high-performance and ease of integration. With operational headquarters in Hong Kong, the company has design centers in Cambridge (UK), Hong Kong (PRC), and McKinney, Texas (USA). Additional sales and support activities are located in greater China, Israel, Japan, Korea, and Taiwan. Visit Palma Ceia SemiDesign on the web at http://www.pcsemi.com.

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Palma Ceia SemiDesign and the Palma Ceia SemiDesign logo are trademarks of Palma Ceia SemiDesign, a Cayman Islands corporation, and are protected by trademark laws of the United States and other jurisdictions. All other product and company names are trademarks or registered trademarks of their respective companies.

Palma Ceia SemiDesign Media Contact
John Molyneux
press@pcsemi.com

BLRLABS Media Contact
Vivek
pr@blrlabs.com

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Sunday, January 19, 2020

Kessler launches novel power solution using common household battery

Mag Max 3A is a 3 amp battery adapter that powers DSLRs, mirrorless cameras, audio recorders, LED lights, monitors and other accessories (including your cellphone and other USB-powered devices) via one of the most common batteries on the market— the rugged DeWalt MAX /FlexVolt Lithium-Ion battery line.

Kessler believes this product will fill a huge void in the market by providing a new use for a widely available product. "Throughout the globe, everyone has these batteries sitting around in their garage," says Mike Sutton, Kessler's Director of Product Development. "You can go to almost any hardware store in any country and buy these batteries."

Mike Sutton says the whole idea began with a question. "What if you took these universal batteries and opened them up to other markets outside of power tools?" the team wondered.

The Kessler team set out to design a product that could power a wide variety of products and accessories for budget-conscious filmmakers, photographers, audio mixers, hobbyists and travelers in a pinch for a little extra power.

"There is peace of mind in knowing you can travel and find a power solution in almost every town and city around the world," says Sutton.

With an introductory price of $199.99, the Mag Max 3A works with DeWalt 20v Max and 20v/60v FlexVolt batteries (which are labeled in their nominal voltages of 18v Max and 18v/54v FlexVolt batteries in countries outside North and South America.)

The Mag Max 3A boasts a variety of features including multiple ¼"-20, and 3/8"-16 tapped and passthrough holes, strong neodymium magnets embedded in the bottom plate, industry-standard power connections (5V USB, an d regulated 14.4v 3A P-Tap, LEMO 2 pin, and 5.5mm x 2.1mm power jack,) as well as optional accessories such as a belt clip, Gold Mount stud kit and v-mount wedge lock kit.

Crafted from high-grade aluminum, the Mag Max 3A is designed, manufactured, assembled and supported in the USA by Kessler in Plymouth, Indiana.

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© Copy Right 2020 Jessica Brown's Press Releases.

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Kessler launches novel power solution using common household battery

Mag Max 3A is a 3 amp battery adapter that powers DSLRs, mirrorless cameras, audio recorders, LED lights, monitors and other accessories (including your cellphone and other USB-powered devices) via one of the most common batteries on the market— the rugged DeWalt MAX /FlexVolt Lithium-Ion battery line.

Kessler believes this product will fill a huge void in the market by providing a new use for a widely available product. "Throughout the globe, everyone has these batteries sitting around in their garage," says Mike Sutton, Kessler's Director of Product Development. "You can go to almost any hardware store in any country and buy these batteries."

Mike Sutton says the whole idea began with a question. "What if you took these universal batteries and opened them up to other markets outside of power tools?" the team wondered.

The Kessler team set out to design a product that could power a wide variety of products and accessories for budget-conscious filmmakers, photographers, audio mixers, hobbyists and travelers in a pinch for a little extra power.

"There is peace of mind in knowing you can travel and find a power solution in almost every town and city around the world," says Sutton.

With an introductory price of $199.99, the Mag Max 3A works with DeWalt 20v Max and 20v/60v FlexVolt batteries (which are labeled in their nominal voltages of 18v Max and 18v/54v FlexVolt batteries in countries outside North and South America.)

The Mag Max 3A boasts a variety of features including multiple ¼"-20, and 3/8"-16 tapped and passthrough holes, strong neodymium magnets embedded in the bottom plate, industry-standard power connections (5V USB, an d regulated 14.4v 3A P-Tap, LEMO 2 pin, and 5.5mm x 2.1mm power jack,) as well as optional accessories such as a belt clip, Gold Mount stud kit and v-mount wedge lock kit.

Crafted from high-grade aluminum, the Mag Max 3A is designed, manufactured, assembled and supported in the USA by Kessler in Plymouth, Indiana.

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Future Trends for Strategic Philanthropy: Survey Reveals More Wealthy Families Want to Donate During Their Lifetimes; Education Remains Most Popular Cause

Rockefeller Philanthropy Advisors (RPA) and Campden Wealth today published "Global Trends and Strategic Time Horizons in Family Philanthropy 2020," a report based on a survey of 201 families of significant wealth who are engaged in philanthropic giving.

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The responses reveal why these families give, the types of vehicles through which they donate, what shapes their philanthropic time horizon choices, popular causes, and engagement of the next generation.

This is the only global survey about family philanthropy of such a scope. The survey respondents represent 28 countries and $2.4 billion in annual giving. With half of the respondents based in the United States, 25% in Europe, and 20% in the Asia-Pacific region, the survey also provides insight on regional nuances to philanthropy.
Among the most significant findings:

"As the global economy grows, so does the number of wealthy individuals making philanthropy a key part of their lives. They're seeking new approaches and instruments to address acute social and environmental issues effectively," said Rockefeller Philanthropy Advisors CEO Melissa A. Berman. "This global survey affirms trends that we've identified in our work: the desire for deeper personal engagement, more focused giving, and a commitment to impact that can be seen and assessed. Families around the world are actively involved in donor collaboratives, impact investing, media campaigns and public private partnerships. And as donors become more sophisticated in giving and investing, they're thinking seriously about the time horizon that makes the most sense for the goals, motivations and visions of their own philanthropy."

On time horizon
This report reveals that nearly one-third of families (32%) are choosing to adopt a time-limited approach to philanthropy, concentrating their donations over shorter time periods. In fact, the pace of choosing a time-limited approach has grown by nearly two-thirds since the early 2000s. Key drivers include the desire to: see the impact of giving during their lifetime (30%); narrow philanthropic focus (23%); and transfer more of a founding donor's wealth to good causes sooner rather than later (17%).

The Jacobs Family Foundation, profiled in the report, is an example of this model, designed to have an endpoint based on the founder's personal experience, philosophy, and desire to see an impact on the local economy during his lifetime. Be alert to the latest news.

The majority of responding families (62%) have adopted the more traditional in-perpetuity model of philanthropy. Those adopting an in-perpetuity approach overwhelmingly say it's because they wish to provide sustained and long-term support to persistent challenges (71%). They also cite the importance of an open-ended time horizon to strengthening a family's purpose and values (56%), and having greater impact on beneficiaries over multiple generations (41%). Read all the latest news.

On engaging the next generation
The "next generation" has a significant influence in family philanthropic endeavors across all regions surveyed. Overwhelmingly, families (81%) report the next generation of wealth holders is engaged in their family's philanthropy in some way. Regardless of time horizon approaches, the majority of respondents (65%) stated that instilling philanthropic values and a sense of moral responsibility is their top strategy to engage the next generation. This is followed by more concrete actions, such as involving the next generation in philanthropic work (55%) and creating meaningful roles for them in philanthropic entities (38%).

Despite these commonalities, the survey showed some regional differences. Respondents from Asia-Pacific tended to rely more heavily on instilling philanthropic values and a sense of moral responsibility (70%) and active philanthropic engagement (59%), while those in the United States relied more heavily on creating meaningful roles (41%) and opportunities to transfer knowledge and experience (38%).

"We are in the early stages of a significant transition in which vast sums of wealth are changing hands between generations. The emerging generation is acutely aware of the largescale global challenges it will face, such as climate change," said Dr. Rebecca Gooch, Director of Research at Campden Wealth. As the world's wealthiest are playing an increasingly important role in tackling today's social and environmental problems, the entrance of this new generation is likely to impact critical global initiatives. Beyond NextGens' strong influence in the sustainable investment space, they are also set to significantly affect philanthropic giving. This can result in more meaningful funding for certain important causes, such as the environment." Be alert to read related news.

About Rockefeller Philanthropy Advisors
Rockefeller Philanthropy Advisors (RPA) is a nonprofit organization that currently advises on and manages more than $200 million in annual giving by individuals, families, corporations and foundations. Continuing the Rockefeller family's legacy of thoughtful, effective philanthropy, RPA remains at the forefront of philanthropic growth and innovation, with a diverse team led by experienced grant makers with significant depth of knowledge across the spectrum of issue areas. Founded in 2002, RPA has grown into one of the world's largest philanthropic service organizations and has facilitated more than $3 billion in grantmaking to nearly 70 countries. RPA also serves as a fiscal sponsor for more than 40 projects, providing governance, management and operational infrastructure to support their charitable purposes.

For more information: http://www.rockpa.org
Enquiries: info@rockpa.org
Telephone: +1 212 812 4330

About Campden Wealth
Campden Wealth is a family-owned, global membership organisation providing education, connectivity, research and networking opportunities to families of substantial wealth, supporting their critical decision-making, helping to achieve enduring success for their enterprises, family offices and safeguarding their family legacy.

Campden Research supplies market insight on key sector issues for its client community and their advisers and suppliers. Through in-depth studies and comprehensive methodologies, Campden Research provides unique proprietary data and analysis based on primary sources.

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Campden Wealth owns the Institute for Private Investors (IPI), the pre-eminent membership network for private investors in the United States founded in 1991, and the Campden Club, a global membership network for families and family office executives. Campden further enhanced its international reach with the establishment of Campden Family Connect PVT. Ltd., a joint venture with the Patni family in Mumbai in 2015.

For more information: http://www.campdenwealth.com
Enquiries: research@campdenwealth.com
Telephone: +44 (0) 203 763 2800

Media contacts

Christen Graham, PR Consultant, Giving Strong – cgraham@givingstrong.com; +1 207 383 0082
Dr. Rebecca Gooch, Director of Research, Campden Wealth – rebeccagooch@campdenwealth.com; +44 (0) 203 763 2806

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