This is another important step in engendering public trust and confidence in the testing and deployment of automated vehicles. – Amy Chu, Director of AVSC

WARRENDALE, Pa. (PRWEB)
November 18, 2021

The Automated Vehicle Safety Consortium™ (AVSC) today announced the availability of a new best practice titled, Evaluation of Behavioral Competencies for Automated Driving System Dedicated Vehicles (ADS-DVs). The new guidelines integrate the AVSC’s Metrics and Methods for Assessing Safety Performance of Automated Driving Systems (ADS) and best practice for Operational Design Domain (ODD) to provide a framework for manufacturers to evaluate the behavioral competency of automated vehicles.

“As automated driving system testing advances, it is important that manufacturers communicate information about the safety of their vehicles in a consistent way, while still using testing protocols specific to their systems and ODDs,” said Amy Chu, director of the AVSC. “With the framework in our new best practice, manufacturers can evaluate the safety performance of their vehicles based on an elemental set of behavioral competencies such as maintaining proper lane position or responding appropriately in work zones. Linking behavioral competencies to a key set of scenarios for a given ODD provides relevant evidence for ADS safety performance and increases confidence in the safety performance of an AV.”

The new best practice provides an approach to specify testable AV behavior by:

•     Clarifying a lexicon surrounding automated vehicle behaviors,
•     Enumerating an elemental set of behaviors, and
•     Demonstrating how to derive metrics to evaluate AV behavioral competence.

Real-world driving involves complex interactions among numerous systems. In order to evaluate as many ADS subtasks within the DDT as possible, developers align them to a generalized set of behaviors. Developers then use system engineering techniques to map these behaviors to an elemental set of behavioral competencies. In other words, competence is considered as a collection of behaviors that cover a context-relevant and predictable part of the broader driving task. Proficiency across a set of behavioral competencies provides directional indication of the ADS-DV safety performance. For example, in the context of driving on a highway while maintaining a lane and approaching another vehicle, the ADS-DV would be expected to keep a safe distance, maintain the speed limit, and monitor the behavior of the vehicle in front of it while preparing to react if the scenario changes.

Human driver tests evaluate candidates against a small number of tasks which represent driving across a variety of different, related scenarios. Although human driving tests reflect a person’s ability to execute key driving tasks and knowledge of driving law, they do not reflect a human’s driving skill in every situation.

“Providing a framework for manufacturers to link behavioral competencies to key scenarios provides evidence for ADS safety performance that manufacturers can use to build their case for safety. This is another important step in engendering public trust and confidence in the testing and deployment of automated vehicles,” added Chu.

For more information about the AVSC, visit avsc.sae-itc.org.

The Automated Vehicle Safety Consortium™ (AVSC) is an industry program of SAE Industry Technologies Consortia® (SAE ITC) building on principles that will inform and help lead to industrywide standards for advancing automated driving systems. The members of this consortium have long been focused on the development of safe, reliable and high-quality vehicles, and are committed to applying these same principles to SAE Level 4 and Level 5 automated vehicles so communities, government entities and the public can be confident that these vehicles will be deployed safely.

SAE Industry Technologies Consortia (SAE ITC®) is an affiliate of SAE International. The SAE ITC team specializes in establishing and managing consortia by providing proven processes, tools and resources. SAE ITC enables public, private, academic and government organizations to connect and collaborate in neutral, pre-competitive forums thus empowering the setting and implementation of strategic business improvements in highly engineered industries globally. http://www.sae-itc.com.

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Nanotech Energy, the world’s leading manufacturer of graphene and the only producer of non-flammable, graphene-based batteries on the market

Building safer batteries is critical for the future of energy storage. Our proprietary, non-flammable lithium-ion batteries are infinitely safer and higher performing than the industry status quo, and to be recognized for these accomplishments at CES 2022, is a significant honor.

LOS ANGELES (PRWEB)
November 18, 2021

Nanotech Energy, the leading producer of high-performance, graphene-based energy storage, today announced that its non-flammable Graphene-Organolyte™ batteries have been named a CES® 2022 Innovation Award Winner in the Sustainability, Eco-Design & Smart Energy category. Owned and produced by the Consumer Technology Association (CTA)®, the CES Innovation Awards program is an annual competition honoring outstanding design and engineering in 27 consumer technology product categories. Awards are given out in advance of CES 2022, the world’s most influential consumer technology event, which takes place January 5-8, 2021 in Las Vegas. An elite panel of industry expert judges, including members of the media, designers, engineers and more, reviewed a record 1800+ submissions based on innovation, engineering and functionality, aesthetic and design. A full list of the CES 2022 Innovation Award winners, including product descriptions and photos, can be found at CES.tech/innovation.

Additionally, Nanotech Energy is the only producer of non-flammable, graphene-based batteries on the market — batteries that enable a future and realize graphene’s potential to create real-world benefits, from safer, more cost-efficient, environmentally-friendly personal electronic devices to creating a more efficient way to harness renewable energy. Nanotech Energy’s proprietary electrolyte, Graphene-Organolyte, is not only stable and non-flammable — it’s also made from inexpensive materials and is easy to manufacture. During a press conference held in Reno, Nevada earlier in November, the company announced a new state-of-the-art production facility to increase manufacturing capacity for the U.S. and other markets, in support of Nanotech Energy’s exponential international expansion.

“Imagine a world where your smartphone charges in just seconds. And then imagine that instead of traditional lithium-ion batteries that lose their charge very quickly, you’re able to use long-lasting energy storage systems that can last three times longer on a single charge and are also extremely safe. That’s just a snapshot of a world charged by Nanotech Energy’s batteries,” said Jack Kavanaugh, Chairman, CEO and co-founder of Nanotech Energy. “Building safer batteries is critical for the future of energy storage. Our proprietary, non-flammable lithium-ion batteries are infinitely safer and higher performing than the industry status quo, and to be recognized for these accomplishments at CES 2022, the world’s largest product technology showcase, is a significant honor.”

Key Product Facts:

1.    Higher performance: Nanotech Energy’s proprietary non-flammable graphene-based battery technology demonstrated more than 1400 cycles (nearly 10 years) of use for 80% cut-off, compared to a traditional lithium-ion battery’s 300-500 cycles (about two to three years). Unlike traditional lithium-ion batteries, Nanotech Energy’s batteries also maintain performance even during extreme weather (-40°C to +60°C / -40°F to +140°F), and decrease charge times significantly. Additionally, Nanotech Energy batteries can enable electric cars to achieve a range of more than 400 miles and operate in extreme weather conditions (heat or cold).

2.    Safer: In tests, traditional lithium-ion batteries catch fire immediately when penetrated, reaching extreme temperatures of nearly 750⁰C (1382⁰F). Nanotech Energy batteries vent some fumes with a maximum observed temperature of 100⁰C, but are not flammable and do not ignite. They also hold their charge at temperatures as high as 356°F (180°C), while commercial batteries discharge their energy at nearly 230°F (110⁰C). Thermal stability is critical to preventing thermal runaway, which causes battery fires, providing a promising solution to the long-standing safety problems of lithium-ion batteries.

3.    Sustainable: Traditional lithium-ion batteries are not sustainable. They have their own sustainability issues due to the lack of effective methods for recycling the valuable metals (such as nickel, cobalt, manganese and lithium) that constitute the battery at the end of its life. Graphene is an abundant resource that can be produced more ethically and sustainably. Graphene also enables the use of less metals in battery manufacture, making the recycling of lithium-ion batteries more sustainable. Traditional lithium-ion batteries last 300-500 cycles (about two to three years); Nanotech Energy’s proprietary non-flammable graphene-based battery technology demonstrated more than 1400 cycles (nearly 10 years), with options for more sustainable models that are easily recycled. Additionally, by extending the lifetime of the battery from two to three years to more than ten years, Nanotech Energy’s batteries promise to produce more sustainable energy storage systems due to the use of fewer batteries.

Nanotech Energy will showcase its award-winning products in the Innovation Awards Showcase at CES 2022 in Las Vegas and will participate as an exhibitor in Eureka Park at the Venetian Expo, Booth #633339. Contact sales@nanotechenergy.com to schedule a meeting. A media kit is available here.

About Nanotech Energy

Nanotech Energy is on a mission to bring transformative, graphene-based, energy storage products from the research lab to the mass market. Our very high surface area, single layer graphene material is already being used in multiple applications, including non-flammable batteries, transparent conducting electrodes, conductive inks, printed electronics, conductive epoxy, antistatic coatings and EMI (electromagnetic interference) shielding.

Founded in 2014 by Dr. Jack Kavanaugh and noted UCLA scientists, Dr. Richard Kaner and Dr. Maher El-Kady, Nanotech Energy is headquartered in Los Angeles and is a privately held company backed by Multiverse Investment Fund, Fubon Financial Group and other strategic investors. Learn more at https://nanotechenergy.com.

All trademarks contained herein are the property of their respective owners.

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Simfoni Spend Automation is the world’s most accessible spend management platform.

“Simfoni’s Spend Automation platform provides a value-driven alternative for overburdened and understaffed procurement and finance teams,” said David Bush, CEO, Simfoni Spend Automation.

SAN FRANCISCO (PRWEB)
November 18, 2021

Simfoni, the next generation digital solutions provider for procurement intelligence and spend automation, today announced that it has been selected by ProcureTech100 as one of the top 100 pioneers in digital procurement solutions, and will appear in the ProcureTech Digital Yearbook 2021.

Simfoni Spend Automation is the world’s most accessible spend management platform, simplifying the way businesses source and buy materials and supplies. Fusing state-of-the-art technology with content and deep expertise, Simfoni helps procurement and finance teams recognize significant savings through digital transformation, while simultaneously working toward sustainability goals. The platform is particularly valuable for addressing the common issue of tail spend—non-strategic, low-value purchases that drain an organization’s resources over time.

“Simfoni’s Spend Automation platform provides a value-driven alternative for overburdened and understaffed procurement and finance teams who spend the vast majority of their time, resources, and talent focused on the organizations high-value, strategic sourcing initiatives,” said David Bush, CEO, Simfoni Spend Automation. “With Spend Automation, organizations gain access to the tools, insights, and services necessary to analyze, manage, and automate high volumes of non-strategic transactional tail spend – without the substantial cost or up-front investment typically required. This is significant for organizations with constrained procurement budgets. Simfoni’s pay-as-you-save model eliminates the barriers to entry, while helping teams to recognize substantial cost savings and economic return from their previously unmanaged tail spend.”

ProcureTech 100 included Simfoni on its definitive list of pioneering solutions providers who are supercharging digital procurement and enterprise supply chain with the most innovative and transformative technology, data and analytics solutions on the planet. The 2021 ProcureTech100 were selected from over 4,000 digital solutions, using enriched data and analysis, combined with the collective experience of over 60 procurement leaders, technology experts and B2B investors. “The ProcureTech100 spotlights the most dynamic, future focused digital solutions in the procurement ecosystem that are delivering an impact that matters” Lance Younger, CEO at ProcureTech. “These solutions epitomise the inspiration, the drive and the verve that will shift the whole industry forward…fast.”

Simfoni Spend Automation provides a future-ready approach to spend management that helps to control all types of spend. With smooth, agile workflows that can easily scale up or down and connect with other systems as the business’ needs change, the platform offers an effortless solution for vendor engagement, autonomous buying and invoicing. What’s more, Simfoni’s unique Pay-As-You-Save model enables rapid deployment with zero up-front costs.

In addition to ProcureTech100, Simfoni was recently recognized as a leader in the Spend Matters Fall 2021 Solutions Map for Spend Analytics. This adds to an impressive roster of accolades and awards Simfoni has earned in 2021, including CIPS Middle East Supply Management Awards 2021, in which Simfoni took home the prestigious award for ‘Best Procurement Consultancy’ for a complex Spend Analytics Project for Dubai Holdings; the Gartner Hype Cycle for Procurement and Sourcing Solutions, 2021, in which Simfoni was named as a sample vendor for both Predictive Analytics and Tail Spend Solutions; and Spend Matters 50 to Watch, which selected Simfoni as one of the fast-rising companies in the procurement and supply chain market for the 6th consecutive year in a row—marking the first time any vendor has been chosen for the first 6 years of its existence.

To learn more about Simfoni, please visit https://simfoni.com/.

About Simfoni

Simfoni provides Spend Analytics and Spend Automation products to leading global enterprises. The Simfoni platform utilizes machine learning and artificial intelligence to accelerate and automate key aspects of the procurement process, saving customers time and money and paving the way toward supply chain sustainability. With offices in the USA, Europe and the Middle East, Simfoni works with its customers and the wider vendor community to improve vendor diversity and achieve strategic CSR objectives. For additional information, please visit https://simfoni.com/.

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Capital raised in this round to be used for enhancement of technology as well as hiring of professional services staff.

CHICAGO (PRWEB)
November 18, 2021

Sudrania Fund Services, founded in 2016 and led by a team of front and back office alternative investment professionals, has in less than two years become the global leader in digital assets’ fund administration on the back of its Seamless Crypto fund administration software and services.

Sudrania has seen a stunning 600% increase in its business in 2021 alone; and seeks to consolidate its status, as an undisputed global leader in digital asset fund services, through significant, aggressive investment in technology and personnel.

Sudrania’s vision includes expanding fund administration services for its roster of the most innovative and complex digital assets strategies, ranging from cryptocurrency investing and venture capital, to high-frequency, coin-exchange arbitrage.

In addition to the significant enhancement of its industry-leading cloud application, Seamless Suite, the financing will assist toward the hire of 300 additional staff across its global offices in the United States, Canada, Singapore, and India. Sudrania has enhanced its capabilities across all the major protocols, and its competency in serving managers seeking opportunities in cryptocurrency investing, DeFi, NFTs, and the Metaverse.

Commenting on the deal Co-founder Shalin Madan said, “We are very excited after this round of investment in our company. We have very ambitious plans for growth. This investment allows us to keep up the pace of innovation in the blockchain and digital assets industry. We are the natural fit in the digital assets ecosystem and our enterprise solutions will provide the flexible infrastructure that this constantly evolving metaverse needs.”

Founder & CEO Nilesh Sudrania said, “In just a few months, Woodstock has already served as an incredible partner to Sudrania. We are excited to be part of and leverage the Woodstock network in the global blockchain and digital assets community.”

Woodstock Founding Partner, Himanshu Yadav went on to say, “Blockchain and crypto is an extremely fast and evolving space and comes with a lot of nuances around accounting and administration for fund managers in this industry. Sudrania’s client first approach and the conviction to learn and decode this complex sector has been really impressive, which reflects in their incredible growth numbers. We are looking forward to work closely with Sudrania’s team to further accelerate their vision and help them build the right solutions for this space.”

About Sudrania Fund Services: Sudrania Fund Services is a global fund administrator based in Chicago, Illinois offering its proprietary Seamless Suite, an award-winning, full-scale cloud-based, fund administration application integrating portfolio, fund accounting and investor reporting to provide best-in-class solutions to both the traditional and alternative investment fund management community. Seamless Suite processes high-frequency trading volumes to deliver daily NAV for hedge funds, digital assets funds, SPVs, mutual funds, private equity funds, Venture Capital funds, impact funds, commodity pools and mortgage funds. Sudrania’s operations and technology are SOC 1, SOC 2, and SOC 3 audited, and it currently has over 800 staff across its global offices.

Learn more at http://www.sudrania.com

About Woodstock Fund: Woodstock Fund is a multi-asset global investment fund currently focused on investments in public Distributed Ledger Technology (DLT), Decentralized Finance & Tokenization and Web 3.0 protocols. Woodstock Fund invests in equity, convertibles, and tokens in both private and public markets. Woodstock works at the intersection of technology and value creation alongside its portfolio companies to help them scale and grow their ecosystem. Woodstock has operating teams in India, United Arab Emirates, and the United States.

Learn more at https://woodstockfund.com

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PROSPECT, Maine & NEW YORK (PRWEB)
November 18, 2021

Cannuka Luxe, a luxury skincare line offering all-natural, organically grown Full Spectrum CBD-powered skincare routines, today announced a partnership with leading omnichannel ad technology platform MadHive to power shoppable TV campaigns to launch their new collection. The initiative with MadHive will drive both brand awareness and purchase decisions with consumers, as Cannuka Luxe launches its new skincare line exclusively at Neiman Marcus.

The campaign will take a phased approach that thoughtfully leads consumers down the conversion funnel – launching first with four unique creatives, custom-developed for shoppable TV. From the creative producers behind Beyonce, Tom Ford and La Mer, each TV commercial is equipped with a custom QR-code that will bridge the gap between TV and mobile, allowing viewers to easily learn more about products and engage in a shopping experience. [Check out the creative here ]

“CTV gives brands the best of both worlds — the precise targeting of digital with the high impact, premium experience of the TV screen,” said Adam Helfgott, CEO at MadHive, whose infrastructure-as-a-service offering powers efforts for major broadcasters, brands and agencies. “This convergence has helped TV move beyond a brand awareness platform only to become a full-funnel marketing tool, especially when you incorporate shoppable TV tools like QR codes directly into creative. This partnership can really serve as a framework for brands of all sizes launching new products.”

The 13 SKU skincare line from Cannuka Luxe, powered by a full spectrum of fortifying cannabinoids and purifying botanical terpenes, is launching in twenty-one Neiman Marcus locations and online. Cannuka Luxe was one of the first CBD skincare brands featured in the Neiman Marcus National Holiday Book, which reaches more than 700 thousand homes.

“When our team at Cannuka decided to create a premium full-spectrum CBD line, we wanted to work with a world-class full-spectrum CBD provider—a partner with an incredible story, a commitment to ethics and integrity, and the highest standard for quality. We are excited to have found Prospect Farms to create this new luxury skincare line and launch the new Cannuka Luxe line at Neiman Marcus,” said Michael Bumgarner, Founder of Cannuka.

Cannuka Luxe is powered by Prospect Farms, a centuries old farm farm in the coastal town of Prospect, Maine. Following a 2-year initiative to rehab the 250-acre manufacturing facility, Prospect Farms has become one of the leading providers of full spectrum CBD oil and naturally-derived terpene blends. Most recently, Prospect Farms has been partnering with global brands to develop all natural full spectrum CBD-based retail products that can benefit the world.

“At Prospect Farms, we believe nature has a way of making the best solutions simple. This is why we take the time to organically grow, harvest, and craft our single source full spectrum CBD and meticulously researched and designed terpene blends,” said Brad Tipper, CEO at Prospect Farms and Brand Founder at Cannuka Luxe. “We are dedicated to delivering the most luxurious products for you and your skin, made in the cleanest, greenest, most ethical way possible and could not be more excited to be partnering with Neiman Marcus and MadHive to introduce the Cannuka Luxe skincare brand.”

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About Cannuka Luxe

Cannuka Luxe is a premium botanical beauty line, offering natural skincare routines powered by a full spectrum of fortifying cannabinoids and purifying botanical terpenes. Consciously formulated and carefully balanced, our AM, PM and All Day Skincare Rituals provide step-by-step care for a complete face care routine.

At Cannuka Luxe, we strive to always be exceeding the highest standards of quality, integrity, and natural purity and we are committed to complete transparency in everything we do. We believe that when you care as much as we do about ingredients that it’s vital to be as clear and informative as can be. To learn more about our products – and to see our full Ingredient Glossary – please visit us at http://www.cannukaluxe.com.

About Prospect Farms

Prospect Farms is a premium seed-to-store wellness brand, offering all-natural and organically grown CBD wellness products for people and pets. Rooted in community and authenticity, Prospect Farms is principled in their seed-to-store promise. From the hemp seed to the soil to the formulations, everything happens directly on Prospect Farms.

Each Prospect Farms product begins as an organically-grown hemp plant on our 250-acre farm. The brand offers 12 premium tinctures and topical products for your morning, noon, and nighttime wellness rituals to promote all-day calm. People products are available in both 750mg and 1500mg offerings, while their veterinarian recommended pet line includes over 30 products tailored to improve mood and mobility and specially formulated for size and diet. To learn more, please visit at http://www.prospectfarms.com and follow prospectfarmsmaine on Instagram.

About MadHive

MadHive is an enterprise software company that powers modern media. MadHive’s advertising suite provides tools for audience forecasting, precision targeting and activation, and cross-screen attribution against its proprietary OTT-first device graph. Customers include advertisers that leverage MadHive’s next-generation cryptography to prevent fraud and increase margins, and broadcast giants that leverage the platform to power their digital TV offerings.

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U.S. Navy Petty Officer 2nd Class Michael R. Gutermuth reads the SPS 73 radar on the bridge of the amphibious transport dock ship USS San Antonio (LPD 17).

“Ultra is proud to provide the multi-mission, interoperable NGSSR to the United States Navy. The Kongsberg TerraLens SDK enables us to deliver high-performance geospatial rendering we expect across the range of NGSSR capabilities.” – Martin Lewis, President of Ultra Naval Systems & Sensors

OTTAWA, Ontario (PRWEB)
November 18, 2021

Kongsberg Geospatial, a geospatial software technology company, announced today that their TerraLens geospatial software development kit (SDK), was selected by Ultra to provide the geospatial display and rendering engine for the next generation of US Navy Surface Search Radars.

Ultra Naval Systems and Sensors was awarded a $42M USD contract in July 2020 to develop and manufacture a new surface fleet radar system to replace legacy navigation radars and deliver next generation technologies. The Next Generation Surface Search Radar (NGSSR) is a multi-mission radar focused on safe navigation, surface search and periscope detection.

Navigation and situational awareness are core functions for all surface warships, but these routine tasks are becoming more difficult as the ocean becomes increasingly complex with the proliferation of inexpensive solid-state radar, which contribute to ship and radio traffic. Debris like floating transport containers, air traffic and land-based radar also contribute to crowding and confusing the radio spectrum.

The NGSSR incorporates the latest digital technology and a software-based technology designed to extend, enhance and optimize radar system performance.

Martin Lewis, President of Ultra Naval Systems & Sensors commented: “Ultra is proud to provide the multi-mission, interoperable NGSSR to the United States Navy. The Kongsberg TerraLens SDK enables us to deliver high-performance geospatial rendering we expect across the range of NGSSR capabilities.”

Kongsberg’s TerraLens SDK provides a highly performant next-gen geospatial and 3D display capability for the NGSSR operator consoles.

“We’re very proud of the capabilities of our TerraLens SDK”, said Ranald McGillis, president of Kongsberg Geospatial. “TerraLens powers the displays for a wide range of mission-critical applications supporting various other US Navy programs besides NGSSR.”

The new NGSSR radar is expected to ultimately replace all variants of the Navy’s current AN/SPS-67, and AN/SPS-73 radar systems.

ENDS###

About Kongsberg Geospatial: Based in Ottawa, Canada, Kongsberg Geospatial (http://www.kongsberggeospatial.com) creates precision real-time software for mapping, geospatial visualization, and situational awareness. The Company’s products are primarily deployed in solutions for air-traffic control, Command and Control, and air defense. Over nearly three decades of providing dependable performance under extreme conditions, Kongsberg Geospatial has become the leading geospatial technology provider for mission-critical applications where lives are on the line. Kongsberg Geospatial is a subsidiary of Kongsberg Defence Systems.

About Ultra: Ultra provides application-engineered solutions to customers’ most difficult challenges in key elements of their mission critical and intelligent systems in the defense, security, critical detection & control markets.

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ARCH Precision Components acquires Metalcraft Technologies

“ARCH – Cedar City will be our 10th center of excellence … as we continue to align and grow with our customers’ strategic focus within the critical industries we serve.”

TEMPE, Ariz. (PRWEB)
November 17, 2021

ARCH Precision Components Corp. (“ARCH PC”), today announces the acquisition of Metalcraft Technologies Inv., LLC (“MTI”) located in Cedar City, Utah. For more than 30 years, MTI has been a premier manufacturer of complex aircraft components and structural assemblies for some of the most sophisticated aircraft flying today in the military, commercial, and private aircraft sectors. Specializing in sheet metal fabrication, machining, and chemical processing for the aerospace and defense industries, MTI occupies 150,000 square feet of manufacturing space in two facilities and joins ARCH Precision Components as ARCH – Cedar City. The acquisition ensures ARCH Precision Components remains an industry-leading supplier known for growth and scale in the aerospace and defense market.

“ARCH – Cedar City will be our 10th center of excellence,” said Andy Spiering, Chief Executive Officer at ARCH Precision Components. “MTI’s capabilities complement and expand the ARCH platform, offering precision sheet-metal fabrication, additional machining capacity, advanced assembly, and in-house surface treatments. Both MTI and ARCH customers will benefit from our combined capabilities as we continue to align and grow with our customers’ strategic focus within the critical industries we serve.”

Corey Judd, President at Metalcraft, said the MTI team is excited to have found a partner in ARCH that supports the organization’s vision and values. “ARCH Precision Components is a solid fit for MTI. We complement each other’s strengths in ways that will improve the organization as a whole,” he said. “I am very appreciative of David Grant and the other legacy owners for the great company they have built over the years. It was important to find someone who could honor that legacy and carry us forward into a new phase of growth and development. We feel ARCH really understands us and our business, and right from the beginning we felt a sense of trust and alignment. That is important in a partnership.”

Former MTI owner David Grant is confident MTI is in the right hands at ARCH. “MTI has a distinguished history serving our loyal customers, caring for our dedicated people, and elevating our tight-knit community,” he said. “I feel good knowing our legacy will continue with ARCH.”

About ARCH Precision Components

ARCH Precision Components Corp., a Madison Dearborn Partners portfolio company, manufactures precision components and assemblies for a range of critical applications. ARCH PC has multiple facilities strategically located across the country serving aerospace, defense, semiconductor, and evolving high-tech industries. The ARCH PC team is comprised of metalworking professionals with industry-leading expertise from across the nation, providing precision solutions to the manufacturing needs of its customers.

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