Connect with us

Technology

Epicore Biosystems to Deploy Connected Hydration Globally to Chevron’s Frontline Workers

Published

on

Companies inked a three-year agreement to roll out Connected Hydration across Chevron sites.

CAMBRIDGE, Mass., July 17, 2024 /PRNewswire/ — Epicore Biosystems (Epicore), a digital health solutions company developing advanced sweat-sensing wearables, today announced that it has inked a 3-year master services agreement (MSA) with Chevron Technical Center, a division of Chevron U.S.A. Inc. to equip Chevron’s industrial frontline workers with its Connected Hydration solution. The first deployments are expected to begin in the US in the summer of 2024.

This milestone MSA marks a pivotal moment for Epicore on the heels of several field deployments with Chevron and other enterprises. The Chevron health and safety teams have deployed Epicore’s Connected Hydration solution across multiple work sites and conditions over the past two years, leading to its commercial launch in April 2024. Chevron Technology Ventures also invested in Epicore to support the development and commercialization of Connected Hydration.

Connected Hydration is a sweat-sensing wearable biosensor and cloud analytics solution that measures sweat loss, sodium loss, skin temperature, and movement to provide actionable rehydration strategies in real time to industrial workers ahead of adverse dehydration events. The technology enables workers to quantify hydration biomarkers and create actionable routes to rehydration and recovery for industrial workers. Epicore’s Connected Hydration solution is a proven sweat-sensing technology that provides individualized rehydration strategies and real-time haptic vibration alarms felt by the workers to proactively inform them to stay safe and hydrate.

“We have spent years developing, validating and deploying Connected Hydration. A master service agreement with a large enterprise like Chevron is a testament to how Epicore Biosystems is bridging the global gap in worker safety when it comes to proper hydration and heat stress solutions,” said Dr. Roozbeh Ghaffari, CEO and co-founder of Epicore Biosystems. “We are honored to work with Chevron as one of our first customers and to deploy Connected Hydration, enabling tailored and preventative hydration practices for their frontline workers. The reality is that a conventional, one-size-fits-all approach to heat index tracking falls short in meeting workers’ hydration and recovery needs.” 

Chevron compiled datasets from over a thousand sweat sessions in total across multiple work sites in the U.S. to explore how behavioral changes take shape when workers utilize Connected Hydration compared to conventional approaches. Health and safety experts along with industrial hygienists observed that Connected Hydration informed and improved hydration habits significantly by increasing worker fluid and electrolyte intake over a one-month time window, via real-time awareness of fluid and electrolyte losses. This sustained change in behavior in response to rehydration feedback was rapid and took place within a few weeks of Connected Hydration use. 

“The entrepreneurial ecosystem’s speed, together with the know-how of incumbents – that’s a very powerful combination,” said Jim Gable, VP of Innovation and President of Technology Ventures for Chevron. “In this case, Chevron and Epicore were able to leverage thousands of work session datasets across multiple sites to enhance the impact of the Connected Hydration technology to keep our employees safe.” 

Since its launch in 2017, Epicore has lined up several global collaborators and customers. These enterprises include Chevron, PepsiCo, Denka, Gatorade, Fluor, Nitto, the U.S. Air Force, Office of Naval Research, Army and more.

About Epicore Biosystems
Founded in 2017, Epicore Biosystems is a digital health company developing advanced sweat-sensing wearables that provide real-time personalized health insights for hydration, stress and wellness. Their clinically validated biowearable products and cloud analytics are deployed globally and licensed by leading Fortune 500 companies, the Department of Defense and the National Institute of Health. To learn more, visit https://www.epicorebiosystems.com/.

View original content to download multimedia:https://www.prnewswire.com/news-releases/epicore-biosystems-to-deploy-connected-hydration-globally-to-chevrons-frontline-workers-302198869.html

SOURCE Epicore Biosystems, Inc.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Paratus granted regulatory approval for renewable power industry

Published

on

By

Paratus to write the world’s first policy for renewable power price protection

GUERNSEY and LONDON, Sept. 25, 2024 /PRNewswire/ — Paratus Holdings Limited (“Paratus”), the world’s first (re)insurance group underwriting energy price risk, today announces that Paratus Renewables Insurance Limited has been granted regulatory approval by the Guernsey Financial Services Authority (“GFSC”) to provide insurance cover to the renewable power industry.

Paratus provides innovative and commercially viable insurance solutions to accelerate the transition to renewable energy and sustainable fuels. The licence approval will expand the product offering beyond aviation, maritime, and freight to renewable power including wind, solar, biofuels, and hydrogen.

Paratus renewable power insurance protects generators from adverse energy price risk, improving the competitiveness of renewable assets when compared to traditional price risk mitigation solutions. Equally, their policies enable power consumers to better manage operating costs and protect balance-sheets in a highly opaque marketplace. Through a deep understanding of the renewables energy sector, Paratus partners with clients to navigate a complex energy market.

The regulatory approval by the GFSC marks another significant milestone for the business. In January 2023, Paratus announced the completion of a growth equity investment from Ara Partners (“Ara”), a global private equity and infrastructure firm focused on industrial decarbonisation. The Ara investment has provided the capital required for Paratus to significantly scale and enhance the product offering.

Gus Majed, Group CEO and Founder, Paratus, commented: “The renewable power licence is central to our future growth. We are writing the world’s first policy for renewable power price protection and our product will have a transformative impact on the renewable energy industry. It will help catalyse the growth and competitiveness of renewable power assets, as Paratus expands across the U.K., Europe and the U.S.

Our focus is on providing clear, simple and transparent solutions that transform how firms mitigate adverse energy price volatility. This is a crucial step forward for the business and for the industry, as our world first renewable power price insurance policy will accelerate the transition to renewable energy sources and sustainable fuels.”

Paratus has further enhanced its offering by partnering with px Group, a fully licenced Ofgem supply business that provides power balancing capabilities. This partnership enables Paratus & Partners, the Group’s insurance brokerage division, to leverage px Group’s capability to provide Paratus and clients with compelling economics for physical offtake and 24/7 monitoring services, when they take out an insurance policy.

Gus added: “px Group has long standing experience and a first-class reputation for working with customers in the renewable energy space, and we are confident that this strategic partnership will help to support renewable power producers even more effectively, as they drive the transition to net zero. With px Group, we can deliver an end-to-end complete solution for renewable power generators.”

About Paratus

Paratus is the world’s first (re)insurer underwriting energy price risk with innovative solutions to protect against adverse energy price volatility and accelerate the transition to net-zero. A unique partnership of world-class experts in energy, insurance, and technology, Paratus is backed by Ara Partners, a $6.2 billion global private equity and infrastructure firm focused on industrial decarbonisation, and underwritten by globally rated financial institutions.

About px Group

px Group is a fully integrated infrastructure solutions business delivering innovative management services for high hazard and highly regulated environments. px Group manages, operates and maintains some of the largest industrial facilities in the UK and in Norway, and owns the world-renowned Saltend Chemicals Park at the heart of the UK’s Energy Estuary. 

With over 25 years’ experience, and operations in the UK, Norway, Germany and the Americas, px Group delivers end-to-end specialist services in operations & maintenance, engineering services and energy solutions across the industrial and energy infrastructure sectors. 

About Ara Partners 

Ara Partners is a global private equity and infrastructure investment firm focused on industrial decarbonization. Founded in 2017, Ara Partners seeks to build and scale companies with significant decarbonization impact across the industrial and manufacturing, chemicals and materials, energy efficiency and green fuels, and food and agriculture sectors. The company operates from offices in Houston, Boston, Washington, D.C., and Dublin. Ara Partners closed its third private equity fund in December 2023 with over $2.8 billion in capital commitments. As of March 31, 2024, Ara Partners had approximately $6.2 billion of assets under management. For more information about Ara Partners, please visit www.arapartners.com.

Media contacts 

Kapil Arya / Ed Shelley
Lansons
paratus@lansons.com
07550044000

View original content:https://www.prnewswire.co.uk/news-releases/paratus-granted-regulatory-approval-for-renewable-power-industry-302258109.html

Continue Reading

Technology

Zumo helps crypto-asset service providers breathe easier ahead of deadline for MiCA sustainability disclosures

Published

on

By

EDINBURGH, Scotland and LONDON, Sept. 25, 2024 /PRNewswire/ — Zumo, the B2B digital assets infrastructure, has launched a new out-of-box feature that enables crypto-asset service providers (CASPs) active in the European Union (EU) to comply with the upcoming sustainability requirements of the Markets in Crypto-Assets (MiCA) regulation.

Recent industry research has suggested that more than 80% of CASPs may be unaware of the need to report sustainability indicators from ESMA’s end-of-year deadline.

Under new rules, CASPs with a EU client footprint – including exchanges, brokerages, custodians and trading firms – will need to provide a compliant website disclosure covering the environmental impact of offered crypto-assets from 30 December 2024.

Amidst a flurry of incoming requirements, Zumo’s new Oxygen MiCA compliance module will help CASPs across the EU to streamline and simplify their sustainability compliance through auto-generated MiCA website disclosure reports, and allows CASPs to easily access MiCA-compliant sustainability metrics for their listed crypto-assets.

The solution draws on best-in-class sustainability data from Crypto Carbon Ratings Institute (CCRI), one of Zumo’s strategic partners, and further builds on Zumo’s Oxygen proposition, first introduced to help providers of crypto-asset services better align their digital asset activities with net zero principles. 

Nick Jones, Founder and CEO, Zumo, said: “MiCA’s sustainability requirements are going live to a tight deadline, and bring with them complex data questions and unfamiliar compliance requirements at a time when the industry is already having to confront a wide range of new operational mandates.”

“It’s become clear that CASPs across Europe simply aren’t ready. With our MiCA solution, we’re removing one small headache by providing the single interface that helps CASPs cut through the hassle of pulling sustainability data together, formatting an appropriate template, and providing the output that ESMA is looking for.”

“It’s another important step on our sustainability journey to develop the tools that will enable service providers to comply with current and future sustainability compliance requirements.”

Zumo is widely seen as a pioneer for its sustainability work in the digital assets sphere. The company was a member of the World Economic Forum’s Crypto Sustainability Coalition, recently signed the Abu Dhabi Sustainable Finance Declaration and has been recognised via a number of prestigious awards programmes.

Logo – https://mma.prnewswire.com/media/2514072/Zumo_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/zumo-helps-crypto-asset-service-providers-breathe-easier-ahead-of-deadline-for-mica-sustainability-disclosures-302257412.html

Continue Reading

Technology

Mencom Strengthens European Presence with New Sales Office in the Netherlands

Published

on

By

OAKWOOD, Ga. and ALMELO, Netherlands, Sept. 25, 2024 /PRNewswire/ — Mencom Corporation, a global manufacturer of industrial connector solutions for power, control, signal and networking applications, has announced the opening of its new sales office in the Netherlands. This strategic move highlights Mencom’s dedication to serving its expanding customer base and distribution partners throughout the European Union.

The new Dutch office will function as a central hub for sales activities, product demonstrations, training sessions and client meetings. A dedicated team of sales professionals versed in Mencom’s product portfolio will offer tailored support and guidance to customers across the region.

“Our investment in a European sales presence allows us to better serve our customers and meet increasing demand for Mencom’s innovative solutions,” said Bruce Mistarz, CEO of Mencom Corporation. “With this expansion, we reinforce our position as a trusted partner delivering exceptional value to the European market.”

In conjunction with their acquisition of a manufacturing facility in the Czech Republic, this new Dutch office aims to streamline operations and ensure prompt product delivery across Europe. Plus, customers can anticipate service with local product availability and quicker response times. The company is committed to strengthening its presence in Europe while maintaining its commitment to customer satisfaction.

For any questions regarding Mencom’s new office in Europe, products, or customer support, please contact the following:

Mencom Europe
Windmolen 22
7609NN Almelo
The Netherlands

http://www.mencomcorp.eu
+31 548 659 054
europe@mencomcorp.eu

For details, contact:
Mark Dixon
Marketing Manager
Email: mark@mencom.com
Phone: (770)534-4585

Photo – https://mma.prnewswire.com/media/2514424/Mencom_Corporation_New_sales_office.jpg
Logo – https://mma.prnewswire.com/media/2338182/Mencom_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/mencom-strengthens-european-presence-with-new-sales-office-in-the-netherlands-302257706.html

Continue Reading

Trending