Showing posts with label Arch Chemicals. Show all posts
Showing posts with label Arch Chemicals. Show all posts

Tuesday, February 12, 2008

Saudi Chemical Company invests in ExploTrack

Philadelphia, PA., (ANTARA News/PRNewswire-AsiaNet) - ExploTrack, Inc. is pleased to announce that the Saudi Chemical Company has taken an investment position in its company, which provides breakthrough technical solutions that detect, track, monitor, and identify explosives in real-time and enable unprecedented supply-chain security. In doing so, the Saudi Chemical Company is demonstrating leadership as a Middle Eastern entity committed to the goal of global explosives security.

"ExploTrack is a strategic investment for the Saudi Chemical Company which represents our commitment to technology and innovation. ExploTrack provides unprecedented global explosives security with clear chain-of-custody and authentication in the dynamic commercial explosives environment," said Mohammed H. Al-Sogaih, Deputy General Manager, Saudi Chemical Company.

ExploTrack is the inventor of Smart Explosives and Smart Detonators, which are transported in Smart Cases and secured in Smart Magazines.

"Real-time globally visible explosives security is one of the best defenses against terrorists who misuse explosives to manufacture bombs," said Bob Morhard, Chief Executive Officer, ExploTrack, Inc. "With this unprecedented end-to-end solution, we are embarking on an age in which Smart Explosives and Smart Detonators and their chain-of-custody is visible in real-time any place on earth."

The Saudi Chemical Company, a Saudi Joint Stock Company, traces its beginning to 1972 as the first and sole civil explosive manufacturing company in Saudi Arabia. The company has a strong commitment to technology, innovation, quality, and market globalization.

"The strength and world-class standing of the Saudi Chemical Company and their involvement in ExploTrack, Inc. is a positive force in the establishment of our goal of global explosives security," said Morhard. "Real-time explosives control is a requirement for 21st century global security with approximately 9 million metric tonnes of explosives moving throughout the global supply-chain annually."

"We recognize the vital importance of providing a secure and efficient means of tracking explosives shipments as they move through normal commerce throughout the world," said Al-Sogaih. "By combining Saudi Chemical Company strengths with the ExploTrack record as an explosives technical services provider to the multinational industrial explosives manufacturing industry, we are now in a position to ensure the rapid deployment of explosives security systems throughout the world."

As a global RFID developer and manufacturer, ExploTrack technologies support a broad range of applications involving Transportation and Logistics, Asset and People Tracking, and Supply Chain Management. "The ExploTrack technical solutions are based on the company's patented RFID technology platform, which operates to stringent explosives safety standards, in real-world environments where other RFID technologies repeatedly fail," said Morhard.

The Master Lock Company and ExploTrack have teamed up to develop the ExploSecure product line, which uses advanced PulseCode electronic locking technology for storage magazine doors, explosives delivery truck doors, ocean container doors, bulk truck access panels, production areas, bulk storage bins, rail cars, and any other area where explosives must be positively secured. ExploSecure provides the administrator with an audit trail by providing details of exactly who opened the door and when it was opened. MagTrack, a part of the ExploAccess product line, compliments the ExploSecure system to provide a hardware and software platform to positively control and monitor explosives materials inventory and their real-time storage conditions anywhere in the world using secure wireless communications protocols operating under solar power, all under a secure web-based software platform. The MagTrack system can be installed on an existing magazine door in less than five minutes!

ExploTrack will launch ExploSecure and ExploAccess at the International Society of Explosives Engineers annual conference January 26-30, 2008 in New Orleans, LA USA. ExploTrack products will be available for purchase in February 2008 on www.explotrack.com

About Saudi Chemical Company. (Saudi Stock Exchange SCCO)

Saudi Chemical's line of production includes the latest generation, safest, and worldwide commonly used civil explosives and non-electrical detonators. KEMULEX is an emulsion type explosive characterized by its high detonation velocity and good waterproof properties and packaged in special plastic cartridges with different sizes that meet the clients' needs. Saudi Chemical Company also manufactures SANEL non-electric detonators that provide the precise control and accuracy that reduces blasting vibration and improves fragmentation for all kind of blasting. Progress continues and Saudi Chemical proceeds along the path of ongoing improvement, advancing in all aspects that go beyond expectation to provide domestic and global supplies of most modern explosives. This resulted in new production line for ENVIROSEIS, the latest in seismic explosives specially designed for seismic exploration.

Proudly, ENVIROSEIS is now used for oil and gas exploration in Saudi Arabia. In addition, the company offers wide variety of Electrical Detonators and Detonating Cords in addition to all accessories for rock blasting and oil exploration.

About ExploTrack, Inc.

ExploTrack provides explosives supply-chain and real-time explosives security solutions worldwide to manufacturers, distributors, and users of explosive, propellant and pyrotechnic materials. ExploTrack hardware and software is specifically designed to meet stringent explosives safety and security standards. ExploTrack solves a pressing global security problem by providing detection, tracking, monitoring, and identification solutions. Using advanced RFID technologies, explosives materials are tracked and monitored in real time, in an end-to-end supply chain from production through logistics, in storage magazines, and finally in use at the blasting site.

ExploTrack, Inc. grew from Zukovich, Morhard & Wade, LLC, a world-class design and engineering firm that specializes in projects involving explosives, propellants and pyrotechnics with extensive experiences in explosives and detonator manufacturing in the US and in more than 72 countries worldwide (see www.exploenergy.com). Thomas A. Gelormino, who provided ExploTrack with early stage investment capital, further enabled ExploTrack, Inc. Mr. Gelormino is the owner of Vet's Explosives, Inc., a 50-year-old urban drill, blast and explosives distribution company operating in Connecticut, New York and Massachusetts. Mr. Gelormino's other investments include MetroRock, LLC., the predominant supplier of drill and blasting services in New York City. ExploTrack offers RFID ePedigree tracking and monitoring of Smart Explosives, Smart Detonators, Smart Cases, Smart Magazines with Mag-Track at the pallet, case and unit level. ExploTrack provides unprecedented global explosives security technologies, which include real-time monitoring of light, heat, motion, movement, and noise conditions inside Smart Magazines, and aboard smart trucks and smart ocean containers. Software and communications are built with the best data security encryption available.

ExploTrack Smart Magazines with Mag-Track include edge-ware access control devices. Explosives security is enhanced by RFID interrogation platforms at the pallet, case and unit level during logistics functioning for real-time explosives security and also GPS "GEO-FENCING" of critical infrastructure.

NOTICE: USA & FOREIGN PATENTS & TRADEMARKS ISSUED & PENDING: Smart Explosive, Smart Detonator, Smart Case, Smart Magazine, MagTrack, Smart Blast, ExploAccess, ExploSecure, ExploBulk, ExploTrack, ExploTrack RFID and the ExploTrack logo.

SOURCE: ExploTrack, Inc.
CONTACT: Mr. Bob Morhard,
Chief Executive Officer of ExploTrack, Inc.,
Tel: +1-215-513-0900,
Cell: +1-610-306-4637,
Fax: +1-215-513-4375,
morhard@explotrack.com; or
Mr. Mohammed H. Al-Sogaih,
Deputy General Manager of Saudi Chemical Company,
Tel: +966 1 476 147 49656,
Cell: +966 505 451284,
Fax: +966 1 476-1275,
alsogaih@saudichemical.com
Web site: http://www.explotrack.com
http://www.exploenergy.com
http://www.saudichemical.com

COPYRIGHT © 2008 - ANTARANEWS

Monday, February 11, 2008

Arsenal Capital partners establishes presence in China

New York, (ANTARA News/PRNewswire-AsiaNet) - Arsenal Capital Partners, a leading New York-based private equity firm that invests in middle-market specialty industrial, healthcare and financial services companies, today announced that it has established a presence in Shanghai, China to provide its current and future portfolio companies with additional strategic insights, local and regional support, and expanded relationships in order to enhance opportunities for growth and productivity.

Arsenal has named Dr. Steve (XiaoHu) Li, formerly a senior executive with Arch Chemicals, Inc. (NYSE: ARJ), as its first hire in the new office who will help the firm establish its first full-time presence in mainland China. Arsenal's office will be located in the Kerry Building in the center of Shanghai's financial district.

"Through many China-based subsidiaries and joint ventures in our existing portfolio companies, Arsenal has gained considerable experience in the region in establishing lower cost manufacturing facilities, procuring manufacturing inputs, and increasing access to new markets," said Jeffrey Kovach, a Managing Director at Arsenal Capital. "By leveraging that experience and broadening our resources with a local presence in China, we will further assist our portfolio companies in capitalizing on the ongoing globalization of economies and the increasing importance of China and Asia."

Dr. Li joins Arsenal as a Principal after serving with Arch Chemicals, overseeing their offices and personnel in China and dramatically building the company's presence there. "Given the trend toward increased competition and the globalization of markets, we believe there is a heightened need for differentiated strategic insights and capabilities," said Mr. Kovach.

Commenting on Dr. Li's appointment, he added, "Arsenal undertook an extensive search to identify a professional who understands the business landscape in China and Steve has a rare combination of technical expertise, local relationships, and excellent general management skills that will help Arsenal strengthen the China capabilities of our portfolio. We are very pleased that Steve has agreed to join Arsenal in this strategic expansion of our firm. In addition to bringing an impressive combination of skills of his own, Steve will coordinate Arsenal's existing network in the region and draw upon the extensive experience that Arsenal's Operating Partners have in China and Asia," said Mr. Kovach.

Dr. Li spent seven years with Arch Chemicals, most recently serving as Area Director, Asia Pacific/President for Arch China and leading Arch's operations and business in Asia Pacific, including China, Japan, Korea, Australia and Southeast Asia. Prior to joining Arch in 2000, he was a group manager for Bayer Polyurethanes (formerly Lyondell Singapore) and has also held research and development positions in the U.S. for Bostik Inc. and Century International Adhesives & Coatings Corp. Dr. Li received B.S. and M.S. degrees from Nanjing University in China, and a PhD degree in chemistry from Vanderbilt University. He also has an MBA from the University of Louisville's program in Singapore.

"I was attracted to Arsenal's successful track record of disciplined investing, systematic value creation, and their diverse and talented team of professionals. Arsenal's forward-looking approach to investing that led to establishing a presence in China will provide their portfolio companies with unique access to a range of opportunities in this market," said Dr. Li.

About Arsenal Capital Partners

Arsenal Capital Partners is a New York-based private equity firm that makes investments in specialty industrial, healthcare and financial services companies. Arsenal makes investments in sectors where the firm has prior knowledge and experience, and targets businesses that have the potential for further value creation by working closely with management to accelerate growth and leverage the firm's operational improvement capabilities. Arsenal currently has $800 million of committed equity capital. For additional information on Arsenal Capital Partners please visit www.arsenalcapital.com

CONTACT: Chris Tofalli,
+1-914-834-4334,
for Arsenal Capital Partners
Web site: http://www.arsenalcapital.com
(ARJ)
SOURCE: Arsenal Capital Partners

COPYRIGHT © 2008 - ANTARANEWS