U.S. House takes hard line on China over Hong Kong, Huawei

Reuters | October 16, 2019

The U.S. House of Representatives on Tuesday passed four pieces of legislation taking a hard line on China, three related to pro-democracy protests in Hong Kong and one commending Canada in its dispute over the extradition of a Chinese telecom executive. All four measures passed by unanimous voice vote, as members of Congress - Democrats and Republicans - said they wanted to take an aggressive stance on China and show support for Hong Kong following four months of unrest in the city.

Spotlight

Water is the lifeblood of healthy people and healthy economies. We have a duty to protect it. That’s why EPA and the U.S. Army Corps of Engineers released a Clean Water Rule to protect critical streams and wetlands that are currently vulnerable to pollution and destruction. One in 3 Americans currently get their drinking water from sources lacking clear protection from pollution, so this rule protects waters that science shows have the greatest impact on downstream water quality.

Spotlight

Water is the lifeblood of healthy people and healthy economies. We have a duty to protect it. That’s why EPA and the U.S. Army Corps of Engineers released a Clean Water Rule to protect critical streams and wetlands that are currently vulnerable to pollution and destruction. One in 3 Americans currently get their drinking water from sources lacking clear protection from pollution, so this rule protects waters that science shows have the greatest impact on downstream water quality.

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GOVERNMENT BUSINESS

Parker Confirms UK Government’s Approval of the Meggitt Acquisition

Parker | July 20, 2022

Parker Hannifin Corporation (NYSE:PH) today welcomes the announcement from the UK’s Secretary of State for Business, Energy and Industrial Strategy that, following public consultation, he accepts the competition and national security undertakings provided by Parker in relation to the Meggitt acquisition and the transaction is therefore cleared to proceed by the UK Government. As previously announced on August 2, 2021, the boards of Meggitt and Parker reached agreement on the terms and conditions of a recommended all cash acquisition by Parker of the entire issued, and to be issued, ordinary share capital of Meggitt PLC (the “Acquisition”). Parker also confirms that it has signed legally binding economic commitments with the UK Government. These commitments include maintaining the following, for five years after the closing of the Acquisition (“Undertaking Period”): Meggitt’s headquarters and its aerospace and advanced materials center of excellence in Ansty Park, in Coventry, UK; Meggitt’s key areas of existing operational capability in the UK; R&D (including product engineering) and manufacturing labor headcount in the UK; Meggitt’s sustainability targets of reducing net carbon emissions by 50 per cent, by 2025; and achieving net zero greenhouse gas emissions by 2050; and Contractual obligations regarding supply of goods and services to HM Government. Finally, as innovation is a key driving factor of success for both Meggitt and Parker, Parker has agreed to increase Meggitt’s R&D expenditure in the UK by at least 40 per cent, by the end of the Undertaking Period, and its UK apprenticeship opportunities by 20 per cent. “We are pleased to have reached this important clearance milestone from the UK Secretary of State, We have also agreed to substantial legally binding commitments, which underscore our deep commitment to the UK. As we move closer to the completion of the acquisition and the combination of these two strong businesses, we look forward to welcoming the Meggitt team to Parker.” -Tom Williams, Chairman and Chief Executive Officer, Parker. The Acquisition remains subject to satisfaction or, where applicable, waiver of the conditions set out in the scheme circular published on August 16, 2021, including regulatory clearance and the sanction of the scheme of arrangement by the High Court of Justice in England and Wales pursuant to the UK Companies Act 2006. Parker continues to expect the Acquisition to close in Q3 2022. About Parker- Parker Hannifin is a Fortune 250 global leader in motion and control technologies. For more than a century the company has been enabling engineering breakthroughs that lead to a better tomorrow. Parker has increased its annual dividend per share paid to shareholders for 66 consecutive fiscal years, among the top five longest-running dividend-increase records in the S&P 500 index.

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EMERGING TECHNOLOGY,GOVERNMENT BUSINESS

Esri Partners with Federal Government and State of California to Tackle Climate Change, Improve Resilience

Esri | September 20, 2022

Esri, the global leader in GIS and location intelligence, has partnered with agencies in the federal government and the state of California to build comprehensive and interactive climate data portals and targeted applications to better respond to climate hazards and conservation opportunities. Agencies have used GIS technology for decades to record and track authoritative data on a range of topics that can provide critical insights into complex challenges such as climate change. “Responding to climate change effectively requires a whole of government approach, By harnessing the vast data resources of federal agencies, we’re providing local communities with the information they need to make impactful, equitable decisions that will improve the lives of their citizens.” -David J Hayes, special assistant to the President for climate policy at the White House. This past week, Esri partnered with the Biden-Harris Administration, Department of Commerce’s National Oceanic and Atmospheric Administration (NOAA), and the Department of the Interior (DOI), to jointly launch the Climate Mapping for Resilience and Adaptation (CMRA) portal. This new website helps organizations plan and implement climate resiliency actions by using a new screening tool that assesses the vulnerability of counties, census tracts and tribal lands. The location-based tool can be used to evaluate projects based on exposure to climate-related hazards now and in the future and can strengthen proposals for federal funding. In July, Esri partnered with NOAA and the Biden Administration through the interagency National Integrated Heat Health Information System (NIHHIS) to launch Heat.gov. Heat.gov offers maps, data and guidance that inform operational decisions by communities on a daily basis related to heat health and its impacts. Communities can also use current and forecasted data to plan equitable mitigation measures in anticipation of future heat events, such as where to plant more trees to improve shade in urban areas. The site seamlessly integrates heat information from across federal agencies, including heat forecasts from National Oceanic and Atmospheric Administration’s (NOAA) National Weather Service, the new national Climate and Health Outlook developed by the Department of Health and Human Services, the CDC’s Heat and Health Tracker, as well as heat planning and preparedness guides. In April of 2022, Esri partnered with the California Natural Resources Agency to build CA Nature in support of Governor Newsom’s vision to conserve 30 percent of the state’s land and coastal water by 2030 to fight species loss and ecosystem destruction. CA Nature provides publicly available interactive mapping and visualization tools to identify conservation opportunities and track progress against the 30x30 goal. Powered by Esri’s ArcGIS, CA Nature explains the 30x30 mission, visualizes biodiversity throughout the state, and catalogs protected lands. “Together, these efforts reflect the will and desire of governments at all levels to use maps and data to empower communities to effectively meet our most pressing climate challenges, We are encouraged that governments are embracing the power of maps and GIS to better understand climate impacts and how to plan and build for a more resilient and sustainable future.” -Jack Dangermond president Esri. About Esri: Esri, the global market leader in geographic information system (GIS) software, location intelligence, and mapping, helps customers unlock the full potential of data to improve operational and business results. Founded in 1969 in Redlands, California, USA, Esri software is deployed in more than 350,000 organizations globally and in over 200,000 institutions in the Americas, Asia and the Pacific, Europe, Africa, and the Middle East, including Fortune 500 companies, government agencies, nonprofits, and universities. Esri has regional offices, international distributors, and partners providing local support in over 100 countries on six continents. With its pioneering commitment to geospatial information technology, Esri engineers the most innovative solutions for digital transformation, the Internet of Things (IoT), and advanced analytics.

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CYBERSECURITY

Quick Heal joins forces with RevBits to strengthen its cybersecurity portfolio

Quick Heal Technologies Ltd | August 16, 2022

Quick Heal Technologies, a leader in the cybersecurity space, has collaborated with RevBits to address the advanced protection need for an on-premise infrastructure of government organisations. The partnership will help Quick Heal enhance its Seqrite product portfolio while enabling RevBits to expand its market presence in India. The association also aims to help government organizations that prefer to run their critical systems on-premise rather than in the cloud, thereby ensuring that they operate safely and seamlessly without the fear of cyberattacks. "We are delighted to partner with a leading cybersecurity solution provider like RevBits, well-known for its unique three-phase detection method that can protect businesses even from the most sophisticated attacks. It also complements our existing suite of Seqrite security solutions and will help us further strengthen our Seqrite product portfolio to offer the best cybersecurity solutions to our customers. At Quick Heal, we strive to innovate ourselves in sync with the ever-evolving threat landscape and devise solutions that exactly fit this purpose. We will continue collaborating with more such players to augment our products and services, cementing a leadership presence in the market today, tomorrow and beyond." -Dr. Sanjay Katkar, Joint MD & CTO, Quick Heal Technologies Ltd. David Schiffer, CEO, RevBits, said, We are extremely proud to be selected by a company with the size and reputation of Quick Heal. They are the leading EPS provider in India with 80% of the market share, and their solutions are available in more than 40 countries through international offices and thousands of channel partners. The combination of RevBits technology and the reputation and market coverage of Quick Heal Technologies will definitely prove to be a winning combination. Conservative projections point to additional revenue for RevBits of over $10 million ARR over the next three years, with large upside potential. About RevBits: Established in 2018, RevBits is a comprehensive cybersecurity company dedicated to providing customers with superior protection and service. RevBits delivers protection against the most sophisticated cyber threats companies face by offering multiple advanced security capabilities that can be administered through a unified security platform. RevBits is headquartered in Mineola, NY, with offices in Princeton, NJ, Boston, MA, London (England), and Antwerp (Belgium). About Quick Heal Technologies Ltd: Quick Heal Technologies Ltd. (Formerly Known as Quick Heal Technologies Pvt. Ltd.) is a leading IT security solutions company. Each Quick Heal product is designed to simplify IT security management across the length and depth of devices and on multiple platforms. They are customized to suit consumers, small businesses, government establishments and corporate houses. Over a span of 26 years, the company's R&D has focused on computer and network security solutions. The current portfolio of cloud-based security and advanced machine learning-enabled solutions stops threats, attacks and malicious traffic before it strikes. This considerably reduces the system resource usage. The security solutions are indigenously developed in India. Quick Heal Antivirus Solutions, Quick Heal Scan Engine, and the entire range of Quick Heal products are proprietary items of Quick Heal Technologies Ltd.

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