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Growth market USA: Exyte plans to create up to 1,000 new jobs in high-tech facility industry

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Exyte to create up to 1,000 jobs in target industries across the USA to facilitate growthFurther expansion of service and production network in the USAWith official opening of new office in Boise, Idaho, Exyte expands to the NorthwestExyte CEO Büchele: “Given its high market potential, the USA is an integral part of Exyte’s growth strategy.”

STUTTGART, Germany, June 12, 2024 /PRNewswire/ —  Exyte GmbH (Exyte), a global leader in the design, engineering, and delivery of high-tech facilities, is poised for a robust expansion trajectory in the USA. In line with its “follow-the-client” strategy, Exyte is ramping up its service and production network as well as its workforce in key strategic locations across the country. In the medium run, the company plans to create approximately 1,000 additional positions in the USA. With the official opening of its new regional office in Boise, Idaho, Exyte expands its national footprint to the Northwest.

In addition, new offices and production sites are being established in Nampa, Idaho, to support US-wide mega-projects in high-tech industries such as the semiconductor industry. With new offices in Durham, North Carolina, and Conshohocken, Pennsylvania, Exyte is addressing the needs of the US pharmaceutical and biotech industry. In Dallas, Texas, the company plans to relocate to a new headquarter.

“Given its high market potential, the USA is an integral part of Exyte’s growth strategy. In line with our future agenda ‘Next Level’, we are establishing a strategic network of production and offsite manufacturing sites as well as offices across the USA to be prepared for future projects and to increase the speed of project implementation for our clients,” outlines Exyte CEO Dr. Wolfgang Büchele. “To facilitate our projected growth, we are offering hundreds of highly qualified jobs across several regions in the country,” Büchele continues. “Our employees are the heartbeat of Exyte, and we look forward to onboard exceptional talents from all fields and backgrounds who can support us in our vision to create a better future.”

Ongoing investments in all target industries

The USA is currently experiencing a significant increase in investments in high-tech facilities such as semiconductor and battery cell factories, driven in part by the U.S. CHIPS and Science Act and the Inflation Reduction Act. The CHIPS Act alone will provide federal subsidies of around $53 billion for semiconductor manufacturing, research, and development as well as workforce. “The high incentives underscore the USA’s commitment to maintaining leadership in this key global technology,” comments Mark Garvey, member of Exyte’s executive board and CEO Advanced Technology Facilities, on the occasion of the office opening in Boise. According to prognosis by research company Aritzon, the U.S. data center market will witness investments of $110 billion by 2028, growing at a CAGR of 3.57 percent per annum. In addition to investments in data centers to expand digital infrastructure, there is also an increase of production capacities in the pharmaceutical sector. “The USA is definitely an important and exciting growth region today and into the future for Exyte. Our company’s skills and our professional staff are perfectly aligned with the national high-tech agenda here in the US,” Garvey continues.

1,000 additional jobs for the USA

Exyte’s projects often involve multi-billion-dollar investments and require a vast support network. When staffing project teams, Exyte prioritizes regional recruitment. Overall, Exyte plans to create around 1,000 jobs to add to its current headcount of more than 2,300 for its upcoming US-projects over the coming months. Offered positions are ranging from project engineers to project managers, designers, and technicians. In some regions where Exyte has its own offices or implements projects, the company also collaborates with local universities. The focus is primarily on STEM subjects.

Starting from 1989, Exyte has been operating in the USA as a trusted leader in turnkey solutions, serving the most technically demanding clients. With locations in about 20 cities, covering office, production and service facilities, Exyte has a strong foothold in the USA and has earned the trust of leading US and internationally based companies operating in markets such as semiconductors, batteries, biopharma and life sciences, as well as data centers. “Our clients value predictability, efficiency, and world class performance in Environmental, Health and Safety (EHS) in project execution. Through our full-service offering and Exyte’s network of specialized subsidiaries, we are able to provide tailormade turnkey solutions for the most complex high-tech projects anywhere in the world,” outlines Garvey.

Growth through increased vertical Integration

As part of Exyte’s expansion strategy in the USA, the company is also focusing on enhancing vertical integration. For Exyte, the inclusion of specialized companies in the field of mission-critical equipment and installation services plays a key role in enhancing seamless project execution for high-tech facilities in its target industries. Through strategic acquisitions for its business area Technology & Services, Exyte has built a comprehensive network of specialized companies and solution providers. Only recently, Exyte acquired Phoenix-based CollabraTech Solutions a specialist in delivery systems and contract manufacturing services for high-tech facilities. This strategic move was followed by the planned acquisition of Kinetics, a globally leading provider of installation services, equipment, and technical facility management with significant US operations. In addition, Exyte recently announced the planned opening of two local sites for its Technology & Services subsidiaries – Diversified Fluid Solutions (DFS) and NEHP – in the City of Nampa, Idaho.

Strong business performance in 2023

In 2023, Exyte has already experienced strong business success in the US. Order intake rose to $2.4 billion accounting for one third of the company’s total order intake of $7.2 billion. Sales in the USA almost doubled to $1.1 billion and thus surpassed the $1.0 billion threshold for the first time. With several megaprojects being in the phase of implementation or shortly prior to commencement, Exyte’s sales numbers are expected to rise significantly over the coming quarters. Following its “Pathway to ten” strategy of generating an annual revenue of $10 billion by latest 2027, Exyte is currently heading for a strong growth trajectory, especially in the US market.

About Exyte

Exyte is a global leader in the design, engineering, and delivery of ultra-clean and sustainable facilities for high-tech industries. With cutting-edge expertise developed over more than a century, the company serves clients in the sophisticated markets of semiconductors, battery cells, pharmaceuticals, biotechnology, and data centers. Exyte offers a full range of services from consulting to managing the implementation of built complete solutions with the highest standards in safety and quality to its customers worldwide. Exyte creates a better future by enabling key industries to enhance the quality of modern life. In 2023, the company generated sales of €7.1 billion with around 9.900 employees worldwide. www.exyte.net

Contact
Samy Abdel Aal
Public Relations Manager
Mobil: +49 172 840 33 01
samy.abdelaal@exyte.net
www.exyte.net

EXYTE IN THE USA – FACTSHEET

Active since

1989

Number of Employees

Over 2.300

Locations*

Arizona: Phoenix (Phoenix City, Chandler, Tolleson)

California: Milpitas

Idaho: Boise, Nampa

Massachusetts: Lawrence

New York (State): Albany, Malta

North Carolina: Durham

Oregon: Portland (Sherwood)

Pennsylvania: Philadelphia (Conshohocken)

Texas: Dallas (Plano, McKinney)

Utah: Lehi

Vermont: Colchester, Williston

Exyte Group Subsidiaries

Airgard

BioPharm Engineered Systems

CollabraTech Solutions

Diversified Fluid Solutions

ENGVT

Exyte US, Inc.

Fab-Tech

NEHP

NSI

Pure Guard 2

Total Facility Solutions

Services

Consulting and Planning

Engineering and Design

Project and Construction Management

Technology & Services

Commissioning, Qualification and Validation

Equipment

Exhaust Gas Cleaning Infrastructure

High Purity Media Delivery Systems

Fluid Handling / Gas Blending Systems

Modularization, 3D CAD Design, BIM

Mechanical & Electrical Process Piping Systems

Markets

Semiconductors

Flat Panel Displays

Photovoltaics

Batteries

Pharmaceuticals and Biotechnology

Food and Nutrition

Consumer Care

Specialty Chemicals

Data Centers

*Exyte office locations, production, and service facilities

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Keuka College Notifies Individuals of Data Security Incident

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KEUKA PARK, N.Y., Sept. 20, 2024 /PRNewswire/ — Keuka College has learned of a data security incident that may have involved personal information.

On April 25, 2024, the College identified suspicious activity within its network environment and immediately took steps to secure the environment, restore its systems, and began an investigation to determine the nature and scope of the issue. Keuka College also engaged independent cybersecurity specialists to assist with the process. The comprehensive investigation, which concluded on August 21, 2024, could not determine definitively whether personal information related to current and former students and employees was affected.

Keuka College maintains a variety of records which can include: name, Social Security number, Driver’s license number, student id number, financial account information, and date of birth. Current students and employees were contacted by the College in May and provided with one year of free credit and identity monitoring services.

Keuka College has established a toll-free call center to answer questions about the incident and address related concerns. Call center representatives are available Monday through Friday from 9:00 am to 9:00 pm Eastern Time and can be reached at 1-833-913-7557. Please be prepared to provide the engagement number, B131983, for reference.

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SOURCE Keuka College

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TeraBox Celebrates 2nd Anniversary of Its Massively Popular Referral Program

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Continuously expanding webmaster signups, especially in multiple regions, along with new highs in webmaster payouts, has ensured the smooth operation and continuous development of the project.

TOKYO, Sept. 21, 2024 /PRNewswire/ — TeraBox (“TeraBox” or “the Company”), a globally trusted cloud storage service headquartered in Tokyo, recently celebrated the second anniversary of its hugely popular Referral Program, a testament to the smooth operation and continuous development of the project. The number of webmaster signups, including in multiple new regions, continued to increase steadily with webmaster payouts reaching new highs.

TeraBox reveals some of its impressive Referral Program data.

TeraBox’s total number of webmasters worldwide reached over one million.The highest daily income of webmasters reached over $10,000, with the top earner making nearly $180,000.The total number of shares by all webmasters exceeds 500 million.

The network of webmasters spans across the globe, including countries such as India, Indonesia, the United States, Latin America, Middle East, and South Korea. Moreover, as TeraBox’s influence continues to grow, the platform is excited to welcome many new webmasters from an expanding range of countries and regions.

TeraBox has achieved significant milestones, demonstrating its sustainable growth and increasing user impact. The journey started with the Webmaster Center launch in August 2022. Following this, several optimizations were implemented, including a self-withdrawal feature that simplified earnings management for webmasters and increased their engagement. Additionally, the Growth Analysis tool provided webmasters with valuable insights into their operational performance, enabling more effective decision-making.

As a result of these enhancements, both the number of participating webmasters and their earnings have seen remarkable increases. Looking ahead, the upcoming launch of the Webmaster App in September 2024 is set to further elevate user engagement and convenience, solidifying TeraBox’s position as an industry leader.

About TeraBox

TeraBox, developed by Flextech Inc. in Japan, is a leading global cloud storage solution. Headquartered in Tokyo, TeraBox proudly serves over 320 million users globally, providing an easy yet powerful way to store and manage data. With its generous 1TB of free storage, TeraBox ensures that your files are safe, secure, and accessible from anywhere. As a secure, reliable, and convenient service, TeraBox is certified with ISO 27001, ISO 27701, and ISO 27018, offering individual users around the world the opportunity to register for 1TB (1024GB) of free storage.

Photo – https://mma.prnewswire.com/media/2510913/image_5016964_39376930.jpg

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Industrial Rack and Pinion Market to Grow by USD 998.6 Million (2024-2028), AI Redefining Market Landscape Amid Rising Demand for Machine Tools – Technavio

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NEW YORK, Sept. 20, 2024 /PRNewswire/ — Report with market evolution powered by AI- The global industrial rack and pinion market size is estimated to grow by USD 998.6 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 9.45%  during the forecast period. Growth of industrial manufacturing leading to increase in demand for machine tools is driving market growth, with a trend towards increasing demand for stairlifts in offices. However, availability of substitutes for rack and pinion systems  poses a challenge. Key market players include Apex Dynamics Inc., ATLANTA Antriebssysteme GmbH, B and B Manufacturing Inc., Commercial Gear and Sprocket Co. Inc., GAM Enterprises Inc., Gudel Group AG, HMK Automation Group Ltd., Kohara Gear Industry Co. Ltd., Lomar Machine and Tool Co., MIJNO PRECISION GEARING SAS, Nexen Group Inc., Nidec Corp., P R Components Pvt. Ltd., Pearl Engineers, REDEX Group, Reliance Precision Ltd., Sati SpA, Shri Butbhavani Engineering, Statewide Bearings, and Yuan Yi Chang Machinery Co. Ltd..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report

Industrial Rack And Pinion Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 9.45%

Market growth 2024-2028

USD 998.6 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

8.41

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 41%

Key countries

China, US, Germany, India, and Canada

Key companies profiled

Apex Dynamics Inc., ATLANTA Antriebssysteme GmbH, B and B Manufacturing Inc., Commercial Gear and Sprocket Co. Inc., GAM Enterprises Inc., Gudel Group AG, HMK Automation Group Ltd., Kohara Gear Industry Co. Ltd., Lomar Machine and Tool Co., MIJNO PRECISION GEARING SAS, Nexen Group Inc., Nidec Corp., P R Components Pvt. Ltd., Pearl Engineers, REDEX Group, Reliance Precision Ltd., Sati SpA, Shri Butbhavani Engineering, Statewide Bearings, and Yuan Yi Chang Machinery Co. Ltd.

Market Driver

The industrial rack and pinion market is experiencing growth due to the increasing demand for stairlifts in commercial and industrial applications. Stairlifts are essential for employees who face difficulties climbing stairs in multi-level industrial facilities. Arthritis, joint stiffness, and injuries are common reasons for this challenge. While elevators are an option, not all industrial buildings have them, especially those with only a few floors above the ground level. Stairlifts offer a cost-effective solution for such facilities, enabling employees to access upper floors with ease. These devices utilize long pieces of straight and curved racks and large pinions, leading to an increased demand for rack and pinion systems in the industrial sector. As a result, the global industrial rack and pinion market is poised for growth during the forecast period. 

The Industrial Rack and Pinion Market is witnessing significant growth due to its extensive applications in various industries. Key sectors driving this market include machine tools, actuators, process industries, material handling, offices, and stairlifts. Rack and pinion systems offer precise rotary and linear motion, making them ideal for machine tools and actuators. In process industries, they are used in drive trains and condition monitoring systems for IoT applications. ZHY Gear, a leading industrial gear manufacturer, specializes in rack and pinion gears for diverse industries. Their zero backlash gearboxes are popular in wind turbine gearboxes, motor technology, and construction equipment. Furthermore, rack and pinion systems are used in power plants, oilfields, and offices for material handling and stairlifts. The integration of IoT technology in these systems enhances efficiency and productivity. 

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Market Challenges

The industrial rack and pinion market involves the production and sale of linear actuation mechanisms that convert rotary motion into linear motion. Rack and pinion systems are a common choice due to their ability to provide fast movement over long lengths without excessive vibration. However, alternatives such as ball screws and lead screws also exist, each with their unique advantages and disadvantages. Ball screw systems offer smooth and almost friction-free movement but can vibrate at high speeds and longer lengths. In contrast, rack and pinion systems have high friction and a risk of backlash if the pinion does not properly engage with the rack. Ultimately, the choice between these mechanisms depends on the specific requirements of end-users, with some preferring smooth and friction-free systems, while others prioritize high-speed operation. The presence of multiple substitutes and the varying needs of end-users may hinder the growth of the global industrial rack and pinion market during the forecast period.The Industrial Rack and Pinion Market caters to various industries such as power plants, oilfields, machine tools, process industries, material handling, offices, and more. Two primary types of motion – rotary and linear – are served by this market. Key applications include actuators, stairlifts, and industrial gear in wind turbine gearboxes. Challenges in this sector include ensuring zero backlash for precise motion control, integrating IoT and condition monitoring technologies, and catering to diverse industries like motor technology, drive trains, and construction equipment. Notable players in the market include ZHY Gear, addressing the needs of power plants, oilfields, and other sectors with their high-quality rack and pinion solutions.

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Segment Overview

This industrial rack and pinion market report extensively covers market segmentation by

Product 1.1 Machine tools1.2 Linear actuation and guideways1.3 Material handlingType 2.1 Alloy steel2.2 Carbon steel2.3 Stainless steel2.4 Aluminum alloy2.5 PlasticGeography 3.1 APAC3.2 Europe3.3 North America3.4 Middle East and Africa3.5 South America

1.1 Machine tools-  The Industrial Rack and Pinion Market refers to the business sector that produces and sells rack and pinion systems for industrial applications. These systems consist of a rack, which is a flat bar with teeth, and a pinion, which is a gear that meshes with the rack. Rack and pinion systems are used in various industries, including material handling, automotive, and construction, to convert rotary motion into linear motion. The market for these systems is driven by factors such as increasing automation in industries and growing demand for efficient material handling solutions. Companies in this market offer customized solutions to meet specific industry requirements.

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Research Analysis

The Industrial Rack and Pinion Market encompasses various industries including machine tools, actuators, process industries, material handling, stairlifts, offices, and more. Rack and pinion systems are essential components in these industries, providing rotary and linear motion solutions. They are used in machine tools for precise positioning and in actuators for industrial automation. In process industries, they are employed for valve actuation and pump drives. For material handling, they offer zero backlash and high torque for efficient conveyor systems. In the construction industry, rack and pinion systems are used in cranes and hoists. In the realm of renewable energy, they are integral to wind turbine gearboxes. Motor technology and drive trains also utilize rack and pinion systems for efficient power transmission. IoT and condition monitoring systems enhance the performance and reliability of rack and pinion applications. Industrial gear manufacturers like ZHY Gear produce high-quality rack and pinion systems for diverse industries.

Market Research Overview

The Industrial Rack and Pinion Market encompasses various industries and applications, including machine tools, actuators, process industries, material handling, stairlifts, offices, and more. Rack and pinion systems provide rotary and linear motion solutions, essential in industries that require precise and efficient power transmission. These systems are integral to machine tools for accurate positioning and movement. In material handling, they power conveyor belts and other automated systems. Actuators, such as those used in process industries, rely on rack and pinion for precise control and zero backlash. The market also caters to IoT and condition monitoring systems, enhancing industrial gear efficiency and performance. ZHY Gear, a leading manufacturer, offers rack and pinion solutions for diverse applications, from wind turbine gearboxes to motor technology and drive trains. Construction equipment, power plants, oilfields, and various other industries benefit from the reliability of rack and pinion systems.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductMachine ToolsLinear Actuation And GuidewaysMaterial HandlingTypeAlloy SteelCarbon SteelStainless SteelAluminum AlloyPlasticGeographyAPACEuropeNorth AmericaMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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