US may become majority source for China’s crude imports after trade deal

ICIS | January 20, 2020

The first phase trade deal between the US and China will need China to heavily expand purchases of US crude oil, and that could mean potentially over 60% of China’s additional crude imports in 2020 will be grabbed by the US, according to ICIS analysts. Under the phase one deal signed on Wednesday, China will increase imports of US energy products by $52.4bn in two years, with around 35% ($18.5bn) for 2020 and some 65% ($33.9bn) for 2021. That gives energy a share of 26% in the total $200bn of additional imports China has committed to purchase.

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Government Business

Worksport Announces Strategic Partnership with McAllister & Quinn Set to Propel Federal Grants Acquisition and Strengthen Government Relations

Globenewswire | July 10, 2023

Worksport Ltd. is excited to announce their strategic business relationship with McAllister & Quinn. McAllister & Quinn is a federal government relations and grants consulting firm that serves as Worksport’s “boots on the ground” in Washington, DC. McAllister & Quinn offers services to identify, strategically plan for, and pursue federal funding opportunities and advocate for federal policy issues aligned with Worksport’s strategic priorities and goals. The government is continuing to make historic investments in advanced technology through programs such as the Bipartisan Infrastructure Law (BIL), the Inflation Reduction Act (IRA), and Creating Helpful Incentives to Produce Semiconductors (CHIPS) and Science Act. These programs and others like them have several focus areas, including: Securing domestic manufacturing of critical technologies for decades to come, Reducing the environmental impact of conventionally hazardous manufacturing processes, and Bolstering the clean energy industry to ensure a sustainable future. McAllister & Quinn’s strategic intelligence professionals provide targeted, timely, and actionable assessments of these federal funding trends and developments, including analyses of the annual budget and appropriations process; key R&D policy and legislative updates; landscape analyses for key priority areas; sponsor and program analyses; and daily monitoring of forecasted and new funding opportunities, requests for information, federal advisory committee meetings, and notices of funding opportunities. "Partnering with McAllister & Quinn marks an exciting milestone for Worksport, equipping us to strategically navigate and capitalize on historic federal investment opportunities," said Steven Rossi, CEO of Worksport. "This alliance fortifies our commitment to sustainable innovation and positions us to generate lasting, positive impacts on the communities we serve." McAllister & Quinn tailors their analyses and reporting to issues of interest to Worksport and assists in evaluating and aligning Worksport initiatives with federal funding opportunities. The federal government’s investments also allows its funding recipients to have an opportunity to generate a lasting impact on the communities in which they reside. The Advanced Technology Practice at McAllister & Quinn is committed to having a positive impact in both Worksport’s business and the community they serve. About Worksport Ltd. Worksport Ltd. through its subsidiaries, designs, develops, manufactures, and owns the IP on a variety of tonneau covers, solar integrations, and NP (Non-Parasitic), Hydrogen-based true green energy solutions for the sustainable, clean energy, and automotive industries. Worksport Ltd. seeks to capitalize on the growing shift of consumer mindsets towards clean energy integrations with its proprietary solar solutions, mobile energy storage systems (ESS), and NP (Non-Parasitic), Hydrogen-based technology. For more information, please visit investors.worksport.com

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Government Business, Cybersecurity

iboss Attains StateRAMP Authorized Status, Bolstering its Cloud Security Leadership

Prweb | July 26, 2023

Today, iboss, the leading Zero Trust cloud security provider, is proud to announce that it has achieved State Risk and Authorization Management Program (StateRAMP) Authorized status. This milestone is indicative of iboss' unyielding dedication to assisting state agencies and local governments to secure their users and data from an evolving landscape of cyber threats. StateRAMP provides an equivalent security baseline to FedRAMP. iboss takes pride in being able to meet and exceed both of these rigorous security standards. With rising challenges posed by cybersecurity threats to government agencies, iboss provides an innovative, robust solution that reduces risks, lowers costs, and increases productivity and security. Built on a revolutionary Zero Trust Security Service Edge (SSE) platform, iboss provides a comprehensive and integrated cloud-based security solution that replaces legacy VPNs, Proxy appliances, and VDI with a single, unified service. The iboss platform includes ZTNA to replace legacy VPN, Security Service Edge to replace legacy proxies, and Browser Isolation to replace legacy VDI. iboss includes ZTNA, CASB, malware defense, compliance policies, DLP, Browser Isolation, and logging that applies to users inside and outside the office. It scales to secure traffic volume as functionality is delivered within the cloud security service instead of strictly with appliances hosted within the data center. The iboss Zero Trust SSE implements the concepts in the NIST 800-207 and is a technical implementation of the centerpiece of this model. Organizations, such as state and local government agencies, wishing to implement Zero Trust according to the NIST 800-207 Zero Trust Architecture principles can use iboss to do so as it forms the technology foundation of this architecture. The NIST 800-207 model provides a strong and clear foundation for organizations to implement Zero Trust which greatly reduces cyber risk, breaches, and data loss. “Achieving the StateRAMP certification signifies that the iboss Zero Trust SSE platform meets the rigorous security standards required by state and local governments,” said Paul Martini, CEO of iboss. “We’re proud to achieve this certification, as it strengthens our mission to provide government entities with the most secure, efficient, and comprehensive Zero Trust Security solutions.” StateRAMP is a program that delivers a uniform approach to security assessment, authorization, and continuous monitoring for cloud products and services for state and local governments. About iboss iboss is a cloud security company that enables organizations to reduce cyber risk by delivering a Zero Trust Security Service Edge platform designed to protect resources and users in the modern distributed world. Applications, data, and services have moved to the cloud and are located everywhere, while users needing access to those resources are working from anywhere. The iboss platform replaces legacy VPN, Proxies, and VDI with a consolidated service that improves security, increases the end-user experience, consolidates technology, and substantially reduces costs. Built on a containerized cloud architecture, iboss delivers security capabilities such as SWG, malware defense, Browser Isolation, CASB, and Data Loss Prevention to protect all resources via the cloud instantaneously and at scale. The iboss platform includes ZTNA to replace legacy VPN, Security Service Edge to replace legacy Proxies, and Browser Isolation to replace legacy VDI. This shifts the focus from protecting buildings to protecting people and resources wherever they are located. Leveraging a purpose-built cloud architecture backed by 230+ issued and pending patents and more than 100 points of presence globally, iboss processes over 150 billion transactions daily, blocking 4 billion threats per day. More than 4,000 global enterprises trust the iboss platform to support their modern workforces, including a large number of Fortune 50 companies. iboss was named a Leader in the IDC MarketScape for Worldwide ZTNA, one of the Top 25 Cybersecurity Companies by The Software Report, one of the 25 highest-rated Private Cloud Computing Companies to work for by Battery Ventures, and CRN’s top 20 Coolest Cloud Security Companies.

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Emerging Technology, Cybersecurity

IMB Partners Has Made a Strategic Investment in GovCon Provider eTelligent Group

PR Newswire | July 24, 2023

IMB Partners ("IMB"), a leading middle market private equity firm specializing in utility, industrial, and government contracting services ("GovCon"), today announced its strategic investment in eTelligent Group ("eTel"), a premier provider of emerging technologies and program management solutions to the U.S. Government. Founded in 2005, eTel has been leading the enterprise-wide transformation of critical business systems by managing the implementation and engineering of emerging technologies. Today, the company delivers digital transformation services primarily to the Internal Revenue Service ("IRS"), utilizing capabilities that include agile software development, DevSecOps, IT Program Management Office (PMO), cybersecurity, web services, and big data. eTel has become a principal thought leader and solutions evangelist to the IRS, now positioned as the second-most active prime contractor on the IRS IT-EPMSS BPA contract vehicle. "We are excited to hit the ground running with the highly-skilled and experienced team of professionals at eTel," says Norman Yu, Director at IMB Partners. "The eTel team has laid some very impressive groundwork, and IMB sees a great opportunity to grow, diversify, and strengthen the business both inside and outside of the IRS. eTel is the partner we have been looking for, and we are ready to roll up our sleeves with eTel and further our commitment to serving the GovCon sector." With IMB's investment, eTel will be able to dedicate additional resources to professionally scale the overall organizational infrastructure and capabilities to undertake larger contracts. Additionally, this partnership will propel eTel to explore potential acquisitions to help diversify the customer base and build upon existing capabilities to best serve the U.S. Government. "Over the past 18 years, we have built a high performing team of industry leading professionals that are committed to our core company values of serving with excellence," says Ritesh Bansal, Managing Partner of eTel. "The proof is in our customer feedback: we're nimble, more efficient, and more responsive in delivering exceptional service. And now, with this partnership with IMB, we will have the means to extend the same exceptional service to more customers across new categories and invest significantly in building our strategic and operational framework," says Rohit Aggarwal, Managing Partner of eTel. About eTelligent Group eTel provides a proven team of talented IT professionals that provide reliable solutions for business & information technology management and services. eTel delivers IT services, agile and DevOps development, big data services, IT program management, and cyber security services. Working as a trusted partner of the Federal Government, eTel holds itself to the highest industry standards, including CMMI Level 3 and PMBOK. Learn more at etelligent-group.com. About IMB Partners Founded in 2010, IMB is a private equity sponsor focused on investing and partnering with management teams to grow lower middle market companies serving government agencies and electric and gas utilities. IMB believes that diversity is an asset and takes an entrepreneurial approach to building companies of scale. IMB seeks platform investment targets with $10-$250 million in revenue. Learn more at imbpartners.com or connect with us on LinkedIn.

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Emerging Technology

FM:Systems Achieves FedRAMP "In Process" Designation

PR Newswire | July 21, 2023

FM:Systems, provider of the most scalable and intuitive all-in-one workplace management platform, announced today its FMS:Workplace solution has achieved the Federal Risk and Authorization Management Program's (FedRAMP) "In Process" designation. FedRAMP is a government-wide program that promotes the adoption of secure cloud services across the federal government by providing a standardized approach to security and risk assessment for cloud technologies, like FM:Systems solutions. Through its sponsorship with the U.S. Department of Education, FM:Systems is working to reach full FedRAMP authorization for FMS:Workplace within one year. "With the rise of remote and hybrid work, many organizations are looking for smart ways to optimize their real estate, reduce expenses, and deliver productive workplace experiences," said Kurt von Koch, CEO of FM:Systems. "Achieving the FedRAMP In Process designation for our FMS:Workplace solution allows federal clients to access our trusted workplace management suite of software solutions in a secure cloud environment so they can gain the data-backed insights needed to make strategic decisions about their real estate and workplace needs." As a flexible, easy-to-use Integrated Workplace Management Solution, federal agencies can use FMS:Workplace to seamlessly manage, analyze, and report on facilities and real estate operations and maintenance (O&M) information all in a single system. The FMS:Workplace solution includes: Space Management Sustainability Management Move Management Maintenance Management Strategic Scenario Planning Real Estate Management Asset Management Project Management "The increase of data breaches and phishing campaigns taking place across the U.S. and globally means it's critical for government agencies to take every step they can to safeguard sensitive information and data privacy," said the Chief Information Officer (CIO), of the U.S. Department of Education. "FM:Systems provides workplace management solutions that meet FedRAMP authorization requirements and federal cloud security standards." FM:Systems workplace management solutions are used by over 150 government institutions, including 10 of the 15 federal government departments. About FM:Systems FM:Systems all-in-one workplace management platform helps more than 1,200 of the world's largest organizations access, manage, and measure every aspect of their real estate portfolio. With the most complete range of intuitive and scalable space management, hybrid work, workplace analytics and smart sensor solutions, our customers gain the data-backed clarity and vision necessary to make strategic real estate decisions and deliver high-performance workplaces today and long into the future. For more information about FM:Systems, please visit www.fmsystems.com.

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