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Fritz & Company Serves as Exclusive Financial Advisor to Spartan Radar in the Carve-out of its Enhanced Resolution and Perception Software Assets to a Leading Fortune 100 Industrials Acquiror

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CHICAGO, March 28, 2025 /PRNewswire/ — Fritz & Company I, LLC (“Fritz & Company”), a premier technology investment banking advisory firm, is pleased to announce its role as Exclusive Financial Advisor to Spartan Radar, Inc. (“Spartan Radar”) in the carve-out of its enhanced resolution and perception software assets to a leading Fortune 100 Industrials acquiror.

Spartan Radar, a leader in radar software and hardware, was founded in 2020 by Nathan Mintz, Tyler Rather, Dr. Theagenis Abotzoglou, and Blake Gasca, combining extensive experience in radar / RF systems, telematics, and ADAS. Spartan is currently led by Gasca (CEO) and Morgan Brewster (COO).  Spartan’s investors span some of the leading venture firms and strategics in transportation, logistics, and deep tech, such as 8VC, Prime Movers Lab, MaC Venture Capital, Wipro Ventures, and Microsoft.

This deal represents yet another example of several prevalent trends in the market. Technology themes continue to converge as the proliferation of distributed connected devices enlarges the digital surface area in which software can optimize and automate business processes. Further, industrial companies continue to move “up-stack” with the addition of software, differentiating on their ability to provide value through analytics, safety, automation, etc. – increasing up-sell potential for hardware and services pull-through.

The deal serves as a testament to Fritz & Company’s leadership in deep-tech and navigating idiosyncratic complexities amid today’s ever-changing market environment.

About Spartan Radar

Spartan Radar is a technology company delivering disruptive full-stack and software solutions to the highly strategic, fast-growing, multi-billion-dollar automated vehicle market. Spartan’s proprietary software algorithms leverage machine learning and edge-processing to provide high-resolution sensing that mimics the human ability of instantly shifting focus to safely respond to obstacles. Spartan works with existing ADAS sensors to increase resolution, response time, and range. The software increases sensing performance at an affordable cost with low computational overhead.

About Fritz & Company

A premier technology investment banking and special situations / restructuring advisory firm, specializing in deep tech, industrial transformation, aerospace & defense, sustainability tech and intelligent & sustainable mobility / supply chain.

For more information, please contact Erich Fritz (erich@fritzandco.co) or Tim Hughes (tim@fritzandco.co).

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SOURCE Fritz & Company

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CEIA USA Highlights Five Critical Questions to Ask Before Investing in Weapons Detection Technology

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HUDSON, Ohio, April 1, 2025 /PRNewswire/ — With safety becoming a top priority across industries—from campuses to venues—many organizations are considering weapons detection systems to protect students, attendees and staff. CEIA USA, the global leader in weapons detection technology, urges businesses to ask the right questions upfront to ensure an effective, long-term investment.

CEIA is the only detection technology that meets or exceeds the most stringent government standards.

With more than 60 years of experience and trusted by high-security federal checkpoints, professional sports venues, amusement parks and thousands of schools, CEIA USA helps public and private sector clients nationwide implement scalable, effective security screening solutions.

“Security solutions don’t have to be overly complex or costly,” said Luca Cacioli, CEO at CEIA USA. “The key is understanding what you’re really getting, both upfront and over time. The right questions help avoid hidden costs and ensure the system fits your needs.”

Five Questions Every Purchaser Should Ask:

What does the total cost of ownership look like?
Look for systems with transparent pricing. Some options seem low-cost upfront but require ongoing licensing fees with purchasers never owning the technology.

How is the detector tested?
Ensure the manufacturer provides evidence the detector works as intended and that it meets Federal detection requirements and safety for medical implants standards.

Is it easy for staff to learn and operate?
Consider systems that are intuitive and require minimal training, helping teams get up to speed quickly without expensive onboarding.

What kind of technical support is included?
Prioritize providers that offer responsive, no-cost support—ideally 24/7—to help resolve issues quickly and efficiently.

How is data handled and stored?
If the system logs activity, ensure it includes secure, compliant storage without surprise fees.

The OPENGATE® Advantage
CEIA’s OPENGATE® system is a groundbreaking weapons detection system that offers:

No maintenance or subscription fees24/7 U.S.–based technical support includedSimple setup in under one minuteLightweight, portable design for flexible deploymentMinimal training required for fast adoption

For more information go to CEIA-USA.com or visit booth #4103 at ISC West 2025.

About CEIA USA
CEIA USA is the global leader in weapons detection, dedicated to enhancing public safety through innovative security solutions like OPENGATE. With 60 years of expertise, CEIA is the only detection technology that meets or exceeds the most stringent government standards. CEIA’s OPENGATE system has set a new standard in security screening at campuses, major event venues and corporate offices across the nation. Weighing just 25 pounds and requiring less than a minute to install, it is the first and only fully open, walk-through detection system, allowing for quick and seamless screening of individuals and their belongings. Dedicated to a safer world, CEIA USA continues to advance detection technology to protect people and infrastructures from emerging threats. Learn more at CEIA-USA.com.

View original content:https://www.prnewswire.com/news-releases/ceia-usa-highlights-five-critical-questions-to-ask-before-investing-in-weapons-detection-technology-302416349.html

SOURCE CEIA USA

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Stockholm Exergi to begin building one of the world’s largest carbon capture projects using CATACARB® Enhanced HPC

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LAWRENCE, Kan., April 1, 2025 /PRNewswire/ — With technology licensed from CATACARB, Stockholm Exergi (SE) announced its decision to proceed building one of the world’s largest facilities for capture and permanent storage of carbon dioxide. Operations are planned to begin in 2028. 

CATACARB Enhanced Hot Potassium Carbonate (HPC) technology, design, and support will help SE to capture and permanently store approximately 800,000 tons of carbon dioxide per year.  SE provides energy and heat to more than 800,000 people in the Stockholm area from burning wood and sawmill residues, such as wood chips, branches, and treetops. While sustainable, this process also releases a significant amount of carbon dioxide into the atmosphere.

CATACARB and SE have been collaborating since April 28, 2021, and working closely with  SE’s chosen detailed engineering firms to design the core section responsible for capturing carbon dioxide. While capturing carbon dioxide from flue gas is a newer application, CATACARB technology is already proven with over 200 licensed applications in 34 countries. CATACARB leverages its extensive database amassed from over 60 years of custom-designed plants along with ongoing collection of operational information in order to continually optimize design and support for new and existing clients.  CATACARB licenses and designs both Basic HPC and Enhanced HPC, which utilizes additives to decrease capital and operational expenditures through improved efficiency, more flexibility in construction materials, and smaller construction footprint. 

“The choice of CATACARB Enhanced HPC technology by Stockholm Exergi is notable not only for the financial advantages, but also because the technology prioritizes health and environment,” said Gary Buckholz, CEO of CATACARB. “Unlike some competing technologies, there are no carcinogens formed in the process. Stockholm Exergi, with help from the EU Innovation fund and the Swedish government, is on an admirable path.  We are proud to have joined them and provide continued support.  We hope to help others in the industry rise to the challenge of carbon capture with confidence.”

About CATACARB

CATACARB technology, design, and support is applicable to many industries emitting flue gas such as power (including combined heat and power, biomass, and waste-to-energy), steel, cement, pulp and paper, gas processing, refining, and petrochemical. CATACARB is owned and operated by Eickmeyer & Associates, Inc. 

View original content:https://www.prnewswire.co.uk/news-releases/stockholm-exergi-to-begin-building-one-of-the-worlds-largest-carbon-capture-projects-using-catacarb-enhanced-hpc-302416366.html

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STELLUS CAPITAL MANAGEMENT, LLC PROVIDES UNITRANCHE FINANCING IN SUPPORT OF KINGSWOOD CAPITAL MANAGEMENT’S INVESTMENT IN IDX

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HOUSTON, April 1, 2025 /PRNewswire/ — Stellus Capital Management, LLC (“Stellus”) announced today that its affiliates provided senior debt financing and an equity co-investment to support Kingswood Capital Management’s (“Kingswood”) investment in Identity Theft Guard Solutions, Inc. (“IDX” or the “Company”), a leading provider of data breach response services and digital privacy protection.

Headquartered in Portland, Oregon, IDX was founded in 2003 to help create a safer digital world. Since then, IDX has helped countless organizations – including key government agencies and leading Fortune 500 companies – respond to data breaches. The Company is also trusted by millions of consumers to protect their valuable data and prevent identity theft. IDX’s core breach response business provides response services for data breaches, including notifications to impacted individuals, security call center support, informational webpages, and monitoring and digital protection. The Company’s growing Incident Response business provides consulting and execution services to contain, respond to, and recover from cyberattacks and proactively assess risks.

“From its founding, IDX was a pioneer in the rapidly growing breach response market and we are excited to partner with Ian Kelly and the rest of the IDX team to make further investments in the business and continue to grow the company,” said Michael Niegsch, Partner at Kingswood, adding, “We appreciate Stellus’ partnership on this transaction and look forward to their continued support as we scale the platform.”

Per Adam Pollock, Managing Director at Stellus, “IDX is well-positioned with a full service offering to address the unfortunate rise in cyber-threats facing organizations,” adding, “We are excited to partner with Kingswood and IDX management for the next phase of their expansion.”

View original content to download multimedia:https://www.prnewswire.com/news-releases/stellus-capital-management-llc-provides-unitranche-financing-in-support-of-kingswood-capital-managements-investment-in-idx-302415289.html

SOURCE Stellus Capital Management, LLC

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