The round was led by Sequoia Health Strategies and Dialectic Capital

NEW YORK, July 11, 2023 — Hello Pediatrics, a leading provider of comprehensive, after-hours telehealth services led by a team of board-certified pediatricians has completed a series B round of funding. In addition to $3 million in new capital the company announced Paul Portsmore, CEO of Sequoia Health Strategies will join the board as its new Chairman and Sandy Chung, MD, a prominent, board-certified pediatrician will also join the board. Lastly John Fichthorn, Managing Partner of Dialectic Capital will also join the board in addition to leading the series B round.

Since its founding in 2022 Hello Pediatrics has established itself as an invaluable resource to both families and their pediatricians.  They provide higher quality of care than an urgent care center or an ER visit due to their partnership and collaboration with the child’s primary care pediatrician or family physician.

The investment will support the addition of child and family integrated behavioral health services, expansion into new states and technology enhancements to improve the customer and provider experience.

Dr. Sandy Chung, board member and renowned pediatrician, expressed her excitement about the prospects of Hello Pediatrics and the impact it can have on pediatric healthcare. She stated, “I am thrilled to be on the board of Hello Pediatrics and contribute to their mission of providing comprehensive and accessible healthcare services to children. By integrating behavioral health services into their platform, Hello Pediatrics is taking a significant step towards addressing the holistic needs of young patients and their families. This innovative approach will undoubtedly improve the overall well-being of children and enhance the delivery of pediatric care.”

Furthermore, Dr. Chung spotlighted the importance of Hello Pediatrics’ collaboration with primary care pediatricians and family physicians, emphasizing the company’s commitment to fostering strong relationships within the healthcare ecosystem. “Hello Pediatrics recognizes the crucial role that the medical home plays in a child’s healthcare journey. By working closely with the child’s primary care provider, Hello Pediatrics ensures continuity of care and reinforces the trust between families and their pediatricians. I am honored to be part of a company that values this partnership and seeks to enhance the healthcare experience for all involved.”

As Mr. Portsmore highlighted, “having been in the healthcare space for decades and seeing what Hello Pediatrics provides from a health plan and payor lens, the company not only brings immense value to children, their families and care teams, but addresses the total cost of care by providing timely access and appropriate level of care through its virtual model.” 

The CEO of Hello Pediatrics, Lucy Janoyan, in conjunction with the completion of the series B funding round, conveyed a bullish outlook for the company and its industry, “we are incredibly grateful for the support and confidence shown by Sequoia Health Strategies, Dialectic Capital, and our esteemed investors. This funding will enable us to advance our mission of transforming pediatric healthcare through innovative telehealth solutions. By expanding into new states, we aim to reach more families in need of accessible and high-quality care for their children.”

Mrs. Janoyan further stressed the company’s commitment to technology investment, recognizing its potential to enhance the customer and provider experience. “We understand the importance of leveraging technology to improve healthcare delivery. Our investment in technological advancements will allow us to streamline our platform, enhance communication channels, and optimize the overall user experience for both families and pediatricians. Hello Pediatrics is poised to lead the telehealth revolution in pediatric care, and we are excited about the positive impact we will have on the industry.”

Hello Pediatrics continues to be at the forefront of innovation, driving positive change in the pediatric healthcare industry.

SOURCE Hello Pediatrics

Veteran finance organization leader brings decades of expertise at global software and technology companies to advisory role  

MENLO PARK, Calif., July 11, 2023 — New Enterprise Associates, Inc. (NEA) today announced that veteran finance organization leader Mark Hawkins has joined the firm as a Venture Partner in its Menlo Park office. Hawkins, who most recently served as President and CFO Emeritus of Salesforce, brings more than 35 years of experience in building and leading finance organizations at some of the world’s largest software and technology companies. In this new role, he will work closely with NEA’s leadership team and businesses across the firm’s technology portfolio as they grow and scale their operations.

“Mark is among the most successful and sought-after finance executives in the technology industry, and we are thrilled to welcome him to our team,” said Scott Sandell, CEO, NEA. “There is a great deal of shared history between Mark and NEA, and I’ve seen first-hand the value he can bring in a company’s most pivotal moments. Our firm has been fortunate to convince some of Silicon Valley’s most renowned operating talent to share their expertise with companies across the NEA portfolio, and I could not be more excited to work with Mark in this new capacity.”

As President and Chief Financial Officer of Salesforce from 2014 until 2021, Hawkins led the company’s global finance organization and served on its executive committee. During his tenure, Salesforce’s market capitalization grew from $33 billion to more than $296 billion. Prior to joining Salesforce, Hawkins was Chief Financial Officer and Executive Vice President at Autodesk, where he led the company’s global finance, information technology and procurement organizations. He previously served as Chief Financial Officer and Senior Vice President of Finance & IT at Logitech International, S.A. and was Vice President of Finance at Dell. Earlier in his career, Hawkins spent 18 years at Hewlett-Packard in a variety of executive roles and served on the company’s board of directors in Japan and China.

Hawkins currently serves as a director of Cloudflare, SecureWorks, Toast and Workday, in addition to numerous privately held companies, and is a member of the Advisory Council for GoodLeap. He is a founding member of the U.S. Chapter of the Accounting for Sustainability (A4S) CFO Leadership Network, an initiative established and championed by His Majesty King Charles III, and serves as chair of the A4S Global Advisory Council. Hawkins holds a bachelor’s degree in operations management from Michigan State University and an MBA from the University of Colorado. He also completed the Advanced Management Program at Harvard Business School.

About NEA

New Enterprise Associates, Inc. (NEA) is a global venture capital firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors and geographies. Founded in 1977, NEA has over $25 billion in assets under management as of March 31, 2023 and invests in technology and healthcare companies at all stages in a company’s lifecycle, from seed stage through IPO. The firm’s long track record of investing includes more than 270 portfolio company IPOs and more than 450 mergers and acquisitions. For more information, please visit www.nea.com.

Contact:      

NEA
Kate Barrett     [email protected]om
Erica Sunkin   [email protected]

SOURCE NEA

In an industry first, the Company says it will invite customer-architects/designers/engineers to participate in a new investment round.

FRISCO, Texas, July 11, 2023 — TwinUp^™, a new real-world, AI-driven metaverse application created by architects for architects, announced today its plans to launch a regulation D capital raise. With TwinUp, a single architect can do the work of an entire firm and build a global brand. Accredited investors interested to learn more may contact the company directly at [email protected].

TwinUp founder and CEO, Michael Jansen, commented that, “TwinUp is the first ever digital Metaverse platform of its kind created by Architects for Architects. We have a goal to scale the business to accommodate over 1 million design professionals in the coming years.

“We recently announced we had raised $3 million from private investors, and a new regulation D round, if successful, will help fuel growth in 2024 and bring a career-changing product to the AEC/Digital Twin software market for the first time in years.”

The company plans to incentivize professional architects, designers, and engineers to invest by offering receive them free licenses (note: minimums apply). Mr. Jansen continued, “Companies funded by their customers grow faster, grow smarter, and grow bigger. Architects, designers, and engineers interested in potentially investing may contact us to learn more about our plans [email protected].

“Architects are already starting to invest directly in TwinUp. It’s safe to say that the market is looking for change from the melange of existing tools and the investors who fund them. It’s time for something new.”

TwinUp, currently in beta, comprises three complementary products: TwinUp Community^™, TwinUp Building^™, and TwinUp World^™.

TwinUp Community is a FREE design portfolio management and sharing platform for architects, interior designers, and engineers. With Twin Up Community, users can

• create your digital design portfolio,
• share your best work, and
• build your own brand and following.

With TwinUp World and TwinUp Building, architects collaborate in a 3D Metaverse powered by AI and made for design professionals to do the work of an entire project team. TwinUp World + TwinUp Building allows users to

• collaborate with colleagues and peers in a shared visual 3D model environment in real-time,
• convert your 3D design models into Digital Twins to iterate design options quickly using data, and
• increase your efficiency by offloading tasks to an AI-powered personal assistant.

The company plans to launch TwinUp initially to architects and designers by invitation only beginning October 1, 2023. Architects and interior designers are encouraged to contact the company [email protected] to learn how to become a TwinUp Community Founding Member.

To learn more about TwinUp, visit our website www.twinup.co and follow us on Instagram, LinkedIn, and Twitter.

About TwinUp

TwinUp is a real-world Metaverse software application custom designed for the architectural community. The platform enables architects to create, manage, optimize, and present their 3D design models and 2D project images in one place.

SOURCE TwinUp

TEL AVIV, Israel, July 11, 2023 — Eco Wave Power Global AB (publ) (Nasdaq Capital Market: WAVE) (“Eco Wave Power” or “EWP” or the “Company”), a leading, publicly traded onshore wave energy company, announced today that its landmark EWP-EDF One wave energy power station in the Port of Jaffa, Israel, has received the final grant funding from the Israeli Ministry of Energy, marking the official completion of the project.

The wave energy project, executed in collaboration with EDF Renewables IL, and with co-funding from the Israeli Ministry of Energy, which recognized the Eco Wave Power’s technology as a “Pioneering Technology”, is set to be Israel’s first onshore wave energy power station, officially connected to the national electrical grid.

The EWP-EDF One power station has an installed capacity of 100 KW and is made up of 10 floaters along the Port of Jaffa’s pre-existing breakwater. Each floater connects to Eco Wave Power’s patented energy conversion unit, which is located on land, enabling easy access for operation and maintenance.

“We are grateful for the funding from the Israeli Ministry of Energy, which helped bring a new form of renewable energy to Israel,” said Eco Wave Power’s co-founder and Chief Executive Officer Inna Braverman. “With the power station’s upcoming connection to the energy grid, Israel will finally start exploring the immense power of wave energy – one of the most reliable and consistent sources of renewable energy in the world.”

“Eco Wave Power had the pleasure of working with the Israeli Energy Ministry, led by the Chief Scientist, Mr. Gideon Friedman. The work process was clear and efficient, and we feel that the support of the Energy Ministry really created a significant leap forward for the wave energy industry in Israel,” said Aharon Yehuda, the Company’s Chief Financial Officer.

The next step is to officially connect the EWP-EDF One power station to Israel’s energy grid. The Company is waiting for  the last technical approval from the Israeli Electric Company, and anticipates an official “plugging in” ceremony in the coming months.

About Eco Wave Power Global AB (publ)

Eco Wave Power is a leading onshore wave energy technology company that developed a patented, smart and cost-efficient technology for turning ocean and sea waves into green electricity. Eco Wave Power’s mission is to assist in the fight against climate change by enabling commercial power production from the ocean and sea waves.

The Company is currently finalizing the construction of its grid connected project in Israel, with co-investment from the Israeli Energy Ministry, which recognized the Eco Wave Power technology as “Pioneering Technology” and will soon commence the installation of its newest pilot in AltaSea’s premises in the Port of Los Angeles. The Company also holds concession agreements for commercial installations in Europe and has a total projects pipeline of 404.7MW.

Eco Wave Power received funding from the European Union Regional Development Fund, Innovate UK and the European Commission’s Horizon 2020 framework program. The Company has also received the “Global Climate Action Award” from the United Nations.

Eco Wave Power’s American Depositary Shares (WAVE) are traded on the Nasdaq Capital Market.

Read more about Eco Wave Power at www.ecowavepower.com. Information on, or accessible through, the websites mentioned above does not form part of this press release.

For more information, please contact:

Inna Braverman, CEO
[email protected]  
+972 3 5094017

For media inquiries, please contact:

Jacob Scott, Vectis Strategies
+1 412 445 7719
[email protected]

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995 and other Federal securities laws. For example, the Company is using forward-looking statements in this press release when it discusses that its wave energy project is set to be Israel’s first onshore wave energy power station, officially connected to the national electrical grid and the timing of the connection to the energy grid. Forward-looking statements can be identified by words such as: “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will”, or variations of such words, and similar references to future periods. These forward-looking statements and their implications are neither historical facts nor assurances of future performance and are based on the current expectations of the management of Eco Wave Power and are subject to a number of factors, uncertainties and changes in circumstances that are difficult to predict and may be outside of Eco Wave Power’s control that could cause actual results to differ materially from those described in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Except as otherwise required by law, Eco Wave Power undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. More detailed information about the risks and uncertainties affecting Eco Wave Power is contained under the heading “Risk Factors” in Eco Wave Power’s Annual Report on Form 20-F for the fiscal year ended December 31, 2022 filed with the SEC on April 27, 2023, which is available on the on the SEC’s website, www.sec.gov, and other documents filed or furnished to the SEC. Any forward-looking statement made in this press release speaks only as of the date hereof. References and links to websites have been provided as a convenience and the information contained on such websites is not incorporated by reference into this press release.

The following files are available for download:

SOURCE EWPG Holding AB (publ)

MOUNTAIN VIEW, Calif., July 11, 2023 — Smartlens, Inc., a clinical-stage ophthalmic technology company, has closed an oversubscribed $6.1M Series A equity financing round to advance regulatory clearance for miLens, a novel, electronics-free, soft contact lens for monitoring diurnal intraocular pressure (IOP).

The funding round was led by Ambit Health Ventures, joined by Stanford University, Graphene Ventures, Sophia Innovation Capital, Plaisance Capital Management, 3E Bioventures, Boutique Venture Partners and Wilson Sonsini Investments alongside doctors, industry veterans and key opinion leaders.

At the 2023 American Glaucoma Society Annual Meeting, the Company revealed remarkable clinical results for miLens. This groundbreaking device, the first of its kind, is an electronics free soft contact lens that uses microfluidics technology. It enables monitoring of intraocular pressure (IOP) outside of clinical settings for individuals with glaucoma and ocular hypertension. This development has the potential to revolutionize clinical decision-making by providing previously unattainable data, allowing for personalized treatment and early detection of glaucoma patients. From early diagnosis to comprehensive disease management, the utilization of this data can help prevent progression, while also offering tailored treatments for individuals at various stages of glaucoma. miLens represents a decade-long, multi-disciplinary team effort to address a significant and unmet clinical need.

Savas Komban, CEO of Smartlens Inc., said, “We are thrilled with the outstanding participation in our Series A, which will bring miLens one step closer to transforming glaucoma care. We would like to thank our partners for their valuable support in our mission. Understanding the true nature of the disease in each patient throughout the day will allow proactive and well-informed clinical decisions. These decisions will play a vital role in preventing irreversible blindness for millions of glaucoma patients worldwide.”

Sam Goldberger MD, MBA Co-Founder and Managing Partner of Ambit Health Ventures said, “This technology is of the utmost importance in comprehending glaucoma and the daily fluctuations in intraocular pressure (IOP). Its implementation will enable physicians to enhance glaucoma treatment and mitigate the risk of permanent vision loss. Ambit Health Ventures takes great pride in being involved with this innovative technology.”

Glaucoma is a group of chronic eye diseases and is the leading cause of irreversible blindness. Elevated IOP is the primary and only treatable risk factor for this condition. According to the World Health Organization (WHO), it is estimated that more than 50% of people with glaucoma are undiagnosed, with over 76 million people suffering from the disease worldwide. This number is expected to increase to 111.8 million by the year 2040.

About miLens

miLens offers a novel, non-invasive way to monitor IOP in glaucoma and ocular hypertension patients. It has the potential to improve clinical decision-making from diagnosis to the severe stages of the disease by helping to enable personalized treatments, monitoring treatment efficacy, and tracking patient compliance over time to prevent progression and irreversible vision loss. Designed as an electronics-free, soft contact lens, miLens is the smallest wearable microfluidic device available.

About Smartlens, Inc.

Smartlens, Inc. is an ophthalmic technology company specializing in developing innovative solutions for diagnosing and treating chronic eye diseases. With a strong focus on addressing unmet needs in ophthalmology, the company’s pipeline includes cutting-edge technologies that will facilitate improved clinical decision-making while also paving the way for a new generation of therapies. For further information, please visit www.smartlens.health.

About Ambit Health Ventures

Ambit Health Ventures is a healthcare innovation venture capital firm specializing in early-stage digital health investments. Our leadership team brings a wealth of experience in these sectors, enabling us to drive positive change in the healthcare industry. We are dedicated to improving healthcare by supporting innovative solutions developed by our portfolio companies, all while delivering strong financial returns to our investors.

For inquiries, please contact [email protected]

SOURCE Smartlens, Inc.

The world of sustainable fuels, biomass and other waste-to-value asset classes is highly complex. As an early mover in the low-carbon infrastructure sector, Nexus PMG’s services business has supported more than 80 unique investors and has advised on over 500 unique infrastructure assets. With the new round of capital, Nexus PMG intends to expand its existing core service offerings including front-end engineering and design, development-as-a-service and operational turnaround. Nexus also leverages its deep knowledge in the space to develop greenfield and brownfield assets across North America, creating low-carbon (or even carbon-negative) products to reduce the emissions of tough-to-abate sectors like chemicals production and aviation.

“Nexus PMG’s strategy of consulting for, and directly developing in, the waste-to-value space is an attractive, high-growth proposition,” said Quinn Pasloske, a Principal at Greenbacker. “The transformation of our waste infrastructure and the production of low-carbon fuels is a critical component of the global energy transition, but the assets are challenging. Nexus PMG is well-equipped to assist clients in navigating those complexities while advancing its independent platforms and assets.”

Today, Nexus PMG serves upwards of 100 investors, developers and corporations that collectively have more than $300 billion of energy transition assets under management and more than $1 trillion of global assets under management. To date, Nexus PMG has supported various stages of development and execution on more than $35 billion worth of low-carbon infrastructure projects across 26 U.S. states, 13 countries and five continents. With a decade of deep knowledge and experience consulting on the design, bid and build side of low-carbon infrastructure, where Nexus PMG works closely with the owners and financiers of these projects, the company’s services business is primed for growth. In the next phase, Nexus PMG will hire additional talent and expand its offerings and client base, while continuing to tailor to industry needs.

“Green molecule infrastructure is rapidly advancing and is a critical component of the energy transition,” said Ryan Bisch, board member of Nexus. “Nexus is at the forefront of building and optimizing this type of infrastructure. The company can develop new assets and revitalize existing ones to produce cost-competitive molecules that can reduce or even eliminate harmful greenhouse gasses.”

Nexus PMG also develops assets through two separate subsidiaries: Nexus W2V, which focuses on converting organic waste streams into renewable natural gas, compost products and biochar; and Pathway Energy, which focuses on the production of ultra-low-carbon intensity sustainable aviation fuel by leveraging carbon sequestration. Both subsidiaries are developing greenfield infrastructure assets and expect to commercialize these assets over the next several years.

“Today, as corporations and investors strive to meet near- and long-term sustainability goals, we find that most have existing portfolio assets with a waste component that can be valorized,” said Ben Hubbard, CEO of Nexus PMG. “Helping corporates in those waste-to-value asset classes is essential to achieve our larger energy transition goals and now, as an institutionally backed firm, we’re looking forward to expanding our team to meet a growing demand for low-carbon infrastructure subject matter expertise.”

About Nexus PMG

Nexus PMG is the point where project finance, development and operations connect. The industry-leading firm focuses on providing world-class advisory services to infrastructure investors by delivering technical, operational and financial diligence on projects that reduce carbon intensity and enhance resource efficiency. Nexus PMG’s integrated business lines provide end-to-end services within each targeted sector including development; preliminary engineering; contract structuring; engineering, procurement and construction (EPC); commissioning and startup; operational readiness and process improvement. To learn more, visit http://nexuspmg.com.

About Greenbacker Capital Management

Greenbacker Capital Management LLC is an SEC-registered investment adviser that provides advisory and oversight services related to project development, acquisition, and operations in the renewable energy, energy efficiency, and sustainability industries. For more information, please visit https://greenbackercapital.com. 

Media Contacts
Mission Control for Nexus PMG
[email protected]

Greenbacker Capital Management
[email protected]com

SOURCE Nexus PMG

NEW YORK, July 11, 2023 — Prominent health and wellness founder and investor, Anne Mahlum, has strategically invested $150,000 in The Athletic Clubs (AC), a New York based fitness start-up that is a pioneer in ‘squad training’, a unique approach to group fitness. 

“You have to offer something unique and effective to be successful in the fitness space and the AC’s does this,” said Mahlum. “The fact that you sign up for a squad and work out with that specific group of people at the same time is something no one else is doing in the fitness space.”

This alliance is born out of Mahlum’s extensive knowledge of the fitness industry and her ability to spot innovative ventures and capable Founders that align with her mission of empowering individuals to achieve their health and wellness goals. Drawing upon her unmatched history of revolutionizing the fitness industry, Mahlum acknowledges the tremendous possibilities within The Athletic Clubs.

“We’re thrilled to have Anne’s partnership to help us expand not only in NYC, but in additional markets starting in 2024,” said Dane McCarthy, Founder and Owner of the AC’s. “We’re very effective at building community, which makes our model very sticky. In fact, our month to month-month-month retention of members has never dropped below 95%. That is something we are really proud of.”

The AC has three locations in NYC, each named after the neighborhoods they serve; West Village Athletic, Greenwich Village Athletic and Williamsburg Athletic. Squad sessions include a mix of strength and conditioning and members also have access to morning and evening run clubs, and classes focused on teaching resistance training. 

“Working out consistently with the same people is an organic way of getting to know people,” said Johnson, the Head of Operations of The Athletic Clubs. We have found that when members really know and like the people they train with it has a profound impact on their ability to stick with it and actually enjoy the process of staying fit and healthy“.

Research has found that the communal benefits of coming together with friends, and doing something difficult, while encouraging one another, pays dividends beyond exercising alone. A recent study observed that people who workout with friends had a 12.6% improvement in mental health, a 24.8% improvement in physical well-being, and a 26% improvement in emotional well-being, as well as 26.2% lower stress levels compared to people who train alone or with a group of strangers.

Media contact: Jenn Jimenez, [email protected]com

SOURCE The Athletic Clubs

Company committed to providing employment, growth opportunities to residents and small businesses as the company invests over $500M in a new office tower

MILWAUKEE, July 11, 2023 — Northwestern Mutual today announced the project team for its $500M investment in the modernization of its North Office Building located at 818 East Mason Street in downtown Milwaukee.

“We’ve assembled a team that strikes a wonderful balance of world-renowned talent and local expertise for the modernization of our North Office Building,” said Rebecca Villegas, vice president, compliance, at Northwestern Mutual. “Most of this team had the opportunity to work together to transform Milwaukee’s skyline through our Tower and Commons project, and we are excited to once again draw on their experience and expertise to double down on our commitment to Northwestern Mutual employees and to Milwaukee.”

Pickard Chilton and Kendall/Heaton will serve as the architectural team for the building. The team collaborated on the architectural design of Northwestern Mutual’s Tower and Commons.

“Collaborating with Northwestern Mutual again was an opportunity we couldn’t resist,” affirmed Jon Pickard, principal at Pickard Chilton. “We value the joint efforts with their leadership and project team, embarking on initiatives that drive economic benefits for the city, revitalize the neighborhood, and cultivate prospects for the people of Milwaukee.”

“There are so many bright minds around the table for this project,” said Pat Ankney, principal at Kendall/Heaton Architects. “By harnessing the collective insight and talent of this team, the design, architecture, construction, and build-out phases of this redevelopment are poised to deliver an exceptional companion to the Tower and Commons, reinforcing the concept of a truly remarkable urban campus for Northwestern Mutual.”

Gilbane Building Company, in partnership with CG Schmidt, will serve as the general contractor and construction manager; this is the same team who provided these services for the Tower and Commons.

“This project represents what the Gilbane and CG Schmidt team love most about the work we do,” said Alicia Dupies, Vice President of Gilbane Building Company’s Milwaukee office. “It is truly invigorating to collaborate with a remarkable organization on a project that goes well beyond bricks and mortar by promising enduring influence on a city we call home. We look forward to continuing this partnership and continuing to build capacity in workforce and business in our metro community.”

“It’s a privilege to collaborate with Northwestern Mutual once more in re-envisioning their downtown campus and fostering a thriving employee environment,” remarked Rick Schmidt, CEO and chairman of Milwaukee-based CG Schmidt. “We cherish the opportunity to leave an indelible mark on our city’s skyline and contribute to its continued evolution.”

Local architect firm EUA will provide interior design services.

“The landscape of offices and workspaces is constantly transforming,” expressed Rich Tennessen, CEO of EUA. “Through this redevelopment, Northwestern Mutual is poised to lead the charge in this dynamic evolution.”

Hines will serve as the project’s development manager and advise on all facets of the project from design and budget through construction and move-in.

“The Tower and Commons initiative showcased the remarkable potential that unfolds when a company is genuinely committed to local impact,” expressed Tom D’Arcy, senior managing director at Hines. “I am confident that this project will create a similarly powerful and positive impact in the community.”

Cross Management Services, a local business management company will proactively recruit small business enterprises (SBEs) and residents to be involved in the project. Northwestern Mutual has committed to use SBEs for at least 25 percent of construction and supply costs and at least 18 percent of professional services costs on the construction of the project. The company is also committed to utilizing unemployed and underemployed residents, pursuant to the City’s Residents Preference Program (RPP), for no less than 40 percent of total onsite construction “worker hours” expended on construction of the project.

“As we advance through the design phase, we eagerly anticipate the future and are confident in our exceptional team’s ability to transform and reinvent our North Office Building, enhancing our top-tier workplace and employee experience and underscoring our ongoing commitment to our hometown,” expressed Villegas.

Additional sub-contractors will be determined in the coming months. Project construction could begin as early as fall 2023, with potential occupancy in 2027.

To view current images of the North Office Building modernization, watch a fly-through video here.

About Northwestern Mutual 
Northwestern Mutual has been helping people and businesses achieve financial security for more than 165 years. Through a comprehensive planning approach, Northwestern Mutual combines the expertise of its financial professionals with a personalized digital experience and industry-leading products to help its clients plan for what’s most important. With more than $558 billion of total assets being managed across the company’s institutional portfolio as well as retail investment client portfolios, nearly $35 billion in revenues, and $2.2 trillion worth of life insurance protection in force, Northwestern Mutual delivers financial security to more than five million people with life, disability income and long-term care insurance, annuities, and brokerage and advisory services. Northwestern Mutual ranked 111 on the 2023 FORTUNE 500.

Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company (NM), Milwaukee, WI (life and disability insurance, annuities, and life insurance with long-term care benefits) and its subsidiaries. Subsidiaries include Northwestern Mutual Investment Services, LLC (NMIS) (investment brokerage services), broker-dealer, registered investment adviser, member FINRA and SIPC; the Northwestern Mutual Wealth Management Company^® (NMWMC) (investment advisory and services), federal savings bank; and Northwestern Long Term Care Insurance Company (NLTC) (long-term care insurance). Not all Northwestern Mutual representatives are advisors. Only those representatives with “Advisor” in their title or who otherwise disclose their status as an advisor of NMWMC are credentialed as NMWMC representatives to provide investment advisory services.

SOURCE Northwestern Mutual

DoD to evaluate Muon Space satellite data for operational use

MOUNTAIN VIEW, Calif., July 11, 2023 — Muon Space has been awarded an option to their contract with Air Force Life Cycle Management Center (AFLMC)’s Weather Systems Branch and the Defense Innovation Unit (DIU) to collect ionospheric data on their MuSat-2 satellite mission.  The performance period for this contract is two years extending through September 2024.  This is an optional expansion in scope to the original contract awarded to Muon Space in September 2022 to develop a space-based prototype for global weather sensing. 

“Muon Space is honored by the Air Force, Space Force and DIU’s belief in our capabilities to bring new insights to DoD weather and ionospheric models with new data to include soil moisture, ocean winds, and total electron content.  We’re excited to showcase the operational relevance of this commercial space dataset to the DoD,” said Muon Space CEO Jonny Dyer.

The Department of Defense (DoD) will evaluate the commercial data from Muon Space’s MuSat-2 satellite for operational use in weather forecasting, ionospheric modeling, impact applications and climate change assessments.  Data collected during this pilot will be made accessible for use in government-run Observing System Simulation Experiments (OSSEs) and to evaluate improvements to the USAF’s current and emerging suite of numerical weather prediction and AI/ML modeling.  The resultant data and interfaces from this effort will be compatible with the USAF’s Weather Virtual Private Cloud. 

About Muon Space: Founded in 2021, Muon Space is launching a new generation of smallsats and sensors to monitor Earth’s climate and ecosystems with unprecedented fidelity.  Muon Space’s state-of-the-art facility in the heart of Silicon Valley is optimized for manufacturing spacecraft and integrating payloads at scale. Regular launches began in June 2023, providing ever-increasing data sets addressing important geophysical and environmental applications and a platform to deliver new technologies to space. Muon Space’s experienced science and engineering teams are uniquely suited to deliver the most exquisite and reliable remote sensing solutions at the speed and scale required to address our most urgent climate challenges.

Effort sponsored by the U.S. Government under Other Transaction number FA8730-22-9-0007 between the COMPANY and the Government. The U.S. Government is authorized to reproduce and distribute reprints for Governmental purposes notwithstanding any copyright notation thereon.

The views and conclusions contained herein are those of the authors and should not be interpreted as necessarily representing the official policies or endorsements, either expressed or implied, of the U.S. Government.

SOURCE Muon Space