U.S. soy exporters struggle with huge China export commitments in midst of trade war

Reuters | June 04, 2019

U.S. soybean exporters are facing what may be their busiest and most logistically challenging summer due to an unprecedented backlog of soybeans purchased by China that still needs to be shipped and widespread floods in the U.S. Midwest. While there is little hope for a prompt U.S.-China trade deal, some 7 million tonnes of U.S. soybeans bought before talks broke down last month will need to be delivered to Beijing in coming months, U.S. exporters and industry analysts said. China would face steep penalties if it tried to cancel the orders and, as the world’s top soy importer, it still needs the soybeans, traders said. Cancellations of deals made during trade talks earlier this year could also escalate diplomatic tensions.

Spotlight

The St. Charles County Police Department invites you to go behind the badge with us at our community open house on Saturday, September 10, 2016 from 10 a.m. to 3 p.m.

Spotlight

The St. Charles County Police Department invites you to go behind the badge with us at our community open house on Saturday, September 10, 2016 from 10 a.m. to 3 p.m.

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EMERGING TECHNOLOGY,CYBERSECURITY

Illumio Government Cloud’s FedRAMP Authorization to Assist Federal Agencies Reduce Risk

Illumio | January 12, 2023

The Zero Trust Segmentation company, Illumio, Inc., recently announced its Federal Risk and Authorization Management Program (FedRAMP) in process designation at the moderate impact level for its Illumio Government Cloud. This is sponsored by Department of Health and Human Services Office of Inspector General (HHS OIG). The US government's FedRAMP initiative harmonizes security assessments, approvals, and monitoring for cloud solutions. Illumio Government Cloud, which includes Illumio Core and Illumio Endpoint prevents breaches from spreading across servers and endpoints with Zero Trust Segmentation (ZTS). Illumio prevents breaches and ransomware in three easy steps: See risk by using vulnerability maps that show data center-to-cloud-to-endpoint traffic Set and automate the creation of granular policy to define categorization. Illumio's traffic-based policies streamline the process Stop the spread of breaches to safeguard workloads and applications and strategically separate compromised systems and high-value assets, guard the hybrid attack surface during an active attack Enterprise Strategy Group’s Zero Trust Impact Report found that Zero Trust Segmentation prevents five cyber disasters annually. Gary Barlet, Federal Field CTO at Illumio, stated, "Bolstering national cyber resilience is a top federal priority. As more eyes turn to defending our critical infrastructure, Zero Trust Segmentation remains a strategic, and federally-backed mandate for agencies looking to shore up critical assets and to stop the spread of attacks throughout an organization or agency". He further added, "Zero Trust Segmentation is a fundamental pillar of any Zero Trust strategy, and Illumio is the industry-defining leader in the space, helping the largest organizations, including more than 15 of the Fortune 100, stop breaches from spreading to dramatically reduce agencies' risk." (Source- GlobeNewswire by notified) About Illumio Inc. Specializing in Zero Trust Segmentation, Illumio prevents ransomware and breaches from spreading across hybrid attack surfaces. The ZTS platform visualizes all traffic flows across workloads, devices, and the internet, implements granular segmentation policies to manage communications, and proactively or reactively isolates high-value assets and compromised systems. Its ability to prevent breaches and ransomware in minutes, saves millions in application downtime, and accelerate cloud and digital transformation programs benefits for all types of businesses.

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EMERGING TECHNOLOGY,CYBERSECURITY

Avenu Completes Acquisition of Government Payment Solutions Provider, Interware

Avenu Insights & Analytics | January 20, 2023

In a recent announcement, Avenu Insights & Analytics, a firm specializing in administration and revenue enhancement solutions for governments, has acquired Interware Development Company Inc, a cloud-based payment solutions provider for local governments. Interware's industry-leading payment processing solutions offer Avenu's existing customers a new, centralized payment platform. Avenu and Interware will jointly deliver software and services that boost government capabilities and enhance the overall citizen experience. The state and local governments will be able to collect permitting and licensing, utilities and tax revenue more efficiently through this integrated platform. Interware's dynamic payment solutions, combined with Avenu's advanced sales & marketing framework helps bring together existing third-party payment processing providers. This results in an optimized and uniform level of service which transforms the government's ability to tackle the rapid rise in workflow processes that restricts staff productivity and resources, ultimately affecting efficiency. With shared resources and an integrated strategy, the combined company will be able to offer its customers more services and greater technical expertise. Paul Colangelo, CEO of Avenu, said, "Governments are seeing an increasing need for an integrated payment solution software offering to streamline their administrative and budget activities and automate workflow processes." He adds, "The combination of Avenu and Interware will provide governments with a centralized solution to maximize their efficiency while shaping a more robust citizen experience." (Source – Business Wire) About Avenu Insights & Analytics Founded in 1978 and headquartered in Centreville (Virginia), Avenu Insights & Analytics offers a broad range of solutions and services to more than 3,000 local and state government clients across the country. The company's services include Clearview Pension Administration Solution (CPAS) - the first ISO 9001 registered pension software, IT project management, compliance auditing, tax administration, and much more. Avenu delivers software solutions that digitally transform government customers by providing online access to records, modernizing processes, and lowering costs.

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EMERGING TECHNOLOGY

AE Industrial Partners Completes Investment in York Space Systems

York Space Systems | November 15, 2022

AE Industrial Partners, LP ("AEI"), a leader in space investing and a private equity firm specializing in aerospace, defense & government services, space, power & utility services, and specialty industrial markets, announced today that it has completed its majority stake investment in York Space Systems ("York" or "the Company"), an independent provider of small satellites, satellite components and turnkey mission operations. Dirk Wallinger, who founded York in 2012, will remain in his current role as CEO & Board Director, and Charles "Chuck" Beames will continue to serve on the Board of Directors. They will also maintain significant ownership positions in York. Terms of the transaction were not disclosed. Headquartered in Denver, CO, York manufactures and architects low Earth orbit ("LEO"), geosynchronous equatorial orbit ("GEO"), and cislunar spacecraft solutions for the proliferated satellite market. Its products are purposefully designed to balance scalability, manufacturability, and efficiency to meet the schedule-driven, high-volume demand for customers' small satellite constellations. York's spacecraft solutions are designed for all mission types, including communications, EO/IR, radiofrequency, hyperspectral, weather, remote proximity ops, and more. "York has transformed the small satellite market with its complete mission solutions and mass manufacturing capabilities. The Company has become a critical partner to the Space Development Agency ("SDA"), Space Force, and other national security customers given its ability to deliver new satellite technology solutions faster and more cost efficiently than any other player in the market, With significant momentum from multiple marquee national security LEO constellation wins, York now has the ability to manufacture satellites at mass production level scale, which is transformative to the commercial space industry. We are excited to collaborate with Dirk, Chuck and the entire York team as the Company enters into this next stage of growth and development." -Kirk Konert, Partner at AEI. York currently serves a variety of leading government and commercial customers. The SDA recently awarded York an additional contract with a total potential value of approximately $200 million. Known as the T1DES program, York will build and operate 12 prototype satellites that will test satellite communications from LEO to augment the Tranche 1 Transport Layer constellation. As previously announced, York is also providing spacecraft solutions as part of both Tranche 0 and Tranche 1 of the SDA's Transport Layer and has a contract with the U.S. Department of Defense's new proliferated LEO constellation. AEI's experience building other space companies in their portfolio coupled with their strategic investment in York empowers us to continue to compete with the world's biggest aerospace companies while still maintaining the highest level of efficiency and affordability for our government and commercial customers, said Mr. Wallinger. With rote production now well underway at both our Denver Tech Center and downtown facilities, York is well-positioned to meet today's surging commercial and DoD market demand. We are optimistic about the opportunities ahead. About York Space Systems: Headquartered in Denver, CO, York Space Systems was founded in 2012 to radically improve spacecraft affordability and reliability, transforming and enabling next generation space mission operations worldwide. An independent provider of small satellites, satellite components and turnkey mission operations, York's products and solutions are used by both government and commercial customers. About AE Industrial Partners: AE Industrial Partners is a private equity firm specializing in aerospace, defense & government services, space, power & utility services, and specialty industrial markets. AE Industrial Partners invests in market-leading companies that can benefit from our deep industry knowledge, operating experience, and relationships throughout our target markets. AE Industrial Partners is a signatory to the United Nations Principles for Responsible Investment and the ILPA Diversity in Action initiative.

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