Tech Mogul Priven Reddy Launches Leap Aerospace To Connect The World Faster

DOVER, Del. — August 26, 2021 — Aviation, aircraft, and aerospace engineering is a complicated phenomenon as the market needs established strategies to formulate next-generation solutions. Thus, a hybrid system of traditional and novel components will pave the way for the emerging frontiers of engineering.

“If you are tired of long waiting hours due to the traditional flights, the wait is over now. We welcome you to the new world of “The Next Generation of Supersonic Travel”, said Priven Reddy the founder of Aerospace startup L.E.A.P.

Commercial and traditional air traveling is renovated by a sustainable next-generation supersonic flight to the height of the skies. A new era of aerospace is appearing on the horizon under the term “LEAP”. LEAP is the acronym for Leading Edge Aviation Propulsion. Leap Aerospace is here to prove itself as the World’s Fastest airliner and its emergence on the horizon will aim to mute the “sonic boom” on technical grounds.

The team working on the design of Leap Aerospace is directed to launch an aviation solution that will be useful for air surveillance, air logistics, tourism, emergency air operations, and business travel. This dynamic network of Leap Aerospace solutions will open up new platforms for an array of customers and communities globally.

The Leap Aerospace R&D team will also simultaneously focus on establishing the first-ever bladeless technology for secondary traverse of its the supersonic aircraft whilst inflight as well as perfecting its engine failure safe-landing technology. “Passenger safety is of utmost importance to us and the aircraft will feature the world’s first ever safe-landing mechanism, which in the event of a complete engine failure or malfunction, the aircraft will still safely land on ground or ocean, minimizing fatalities,” Reddy said.

Future of LEAP Aerospace

LEAP will be ready to presell its aircraft to the cargo and transportation organization by early 2022. Additionally, Leap currently has no interest in selling the commodities to the private community. Leap is working with a vision to manufacture greater models including 70 or more passenger 2.0 aircraft series. Leap’s unique aircraft design is crafted to embrace aerodynamics in a vastly more efficient manner for minimizing the shock waves, reducing drag and increasing efficiency.

LEAP will function at a twice greater speed, much greater than the speed of sound, and the passengers will experience lifelong benefits for spending relaxing vacations to far-off places in shorter time spans. LEAP Aerospace is up to 100x quieter than a helicopter and transitions to forward flight gradually gaining speed with operational efficiency similar to an airplane. Moreover, the passenger capacity of the aircraft can be modulated between 65-88 along with flight operation at an altitude of 60,000 ft. As the plane aims to operate on net-zero carbon emission so it can achieve a length of 205 ft at a speed of MACH 1.9.

LEAP hypersonic Aerospace is starting up on a self-funded basis. It will offer non-stop flights from New York to London in under just 3 hours, & from Johannesburg to Beijing in +/- 3.5 hours. Moreover, LEAP says the aircraft will be ready for a commercially sustainable supersonic flight having the potential to carry 86 passengers in late 2029. Though numerous other supersonics are popping up recently LEAP is making up the mark due to its unique attributes.

Leap is directed to minimize the complications of aircraft manufacturing. The low noise is generated with the help of small propellers for landing and takeoff. The aircraft design has completed processing and now the goal is to initiate the generation of an entire prototype and complete its certifications and accreditation by the aviation organizations of Europe and the USA. It is expected that the certification of Leap Aerospace will be completed in approximately 3 years after the establishment of the flying prototype. The next breakthrough of the aircraft organization would be likely to take the first commercial flight service in 2029.

Posted August 26, 2021

Source: Leap Aerospace

The British Textile Machinery Association (BTMA) Has Appointed Jason Kent As Chief Executive Officer

MANCHESTER, England — August 26, 2021 — The British Textile Machinery Association (BTMA) has announced that Jason Kent has been appointed as CEO of the BTMA Group, which also includes subsidiaries nw texnet and The Textile Recorder (Machinery & Accessories) Exhibitions Ltd (TREX), effective from Monday, August 23, 2021.

Kent has been a non-executive member of the BTMA board for more than eight years and brings a wealth of experience with him, having spent 35 years working in the carpet tufting machinery industry.

As a time-served mechanical technician engineer, he ascended through a series of positions of greater responsibility with Cobble Blackburn until its acquisition in 2013 by the Vandewiele Group, where he undertook the role of managing director for the tufting machinery business.

He also studied part-time for his MBA back in 2011 and is also a Chartered Fellow of the Chartered Management Institute.

“Jason is the right person for leading the BTMA into the future,” said Alan Little, BTMA’s association director. “Jason’s textile machinery background, business development skills and extensive knowledge of the BTMA and its members will help in delivering the strategic vision of the board. The current BTMA staff look forward to working alongside Jason to assist him in achieving his goals”.

“I am very privileged to be joining the BTMA,” Kent said. “I believe there are many generational changes ahead that our members must face and the BTMA needs to be ready and capable of supporting such challenges.

“As I see it, we have three initial goals in providing better business outcomes for our members through active engagement in addressing industry skills deficits, ensuring we are at the forefront of the industrial digitalisation revolution, and leveraging opportunities brought about through innovation and the associated global focus on sustainability.

“We have so many great people in our members, associates and colleagues that our opportunities are considerable. With people at my forefront of attention, I want to waste no time in engaging with our members over these coming months to communicate the BTMA Group’s vision in more depth and to also establish more comparatively our goals, challenges and distinctions.”

Founded in 1940, the British Textile Machinery Association actively promotes British textile machinery manufacturers and their products to the world. The non-profit organization acts as a bridge between its members and the increasingly diverse industries within the textile manufacturing sector.

Posted August 26, 2021

Source: The British Textile Machinery Association (BTMA)

INDA Unveils “On-Demand” World Of Wipes® 2021 Conference Program – Ushers In Webcast Video That Captures “Being-There” Experience

CARY, N.C.— August 26, 2021 — INDA, the Association of the Nonwoven Fabrics Industry announces “On-Demand” video access to presentations recorded from the 2021 World of Wipes® (WOW) International Conference held July 12-15 in Atlanta. The program content includes sessions on: sustainability, market and consumer trends, industry policies and regulations, flushable wipes, and innovations in substrates, preservatives, and packaging.  It also includes the product presentations and announcement of the World of Wipes Innovation Award® and of the presentation of the INDA Lifetime Technical Achievement Award. Each speaker’s presentation is approximately 30-minutes in length and includes Q & A’s recorded live following the session. The On-Demand WOW program content is available for purchase and viewing for 90 days by visiting https://www.pathlms.com/inda/courses.

“INDA’s 2021 World of Wipes “On-Demand” video provides high-value business intel in a convenient, economical and efficient manner. Wipes industry participants worldwide can now experience the Conference as if they were live in the front row. We are grateful for our 2021 World of Wipes Committee‘s leadership in developing this excellent program as it aligns with the INDA mission to address the key issues of the industry, stimulate  innovation, and recognize excellence,” said Dave Rousse, INDA president.

Professionals interested in advancing their knowledge of the multi-billion dollar wipes market sector may purchase the entire program containing 31 speaker presentations, or select among nine individual sessions at https://www.pathlms.com/inda/courses or for more information visit https://www.inda.org

Posted August 26, 2021

Source: INDA, the Association of the Nonwoven Fabrics Industry

Kodak Senior Scientist Mridula Nair Recognized In Forbes 50 Over 50: Vision List

ROCHESTER, N.Y. — August 25, 2021 — Kodak Research Fellow and Senior Scientist Dr. Mridula Nair, was named to the first-ever Forbes 50 Over 50: Vision List, which highlights the exceptional women who are shaping the future of science, technology and art. Dr. Nair is a distinguished inventor with 136 U.S. patents, a majority of which were earned after age 50.

“The visionaries on the list are leaving a lasting imprint on society and culture with their unique scientific and artistic visions,” said Maggie McGrath, editor, ForbesWomen. “Through their dynamic ideas, they are proving that there is no deadline for success — or for the most creative and fulfilling years of your life.”

Since starting at Kodak in 1980, Dr. Nair’s work across chemical synthesis, formulation science, dispersion and coating technologies, manufacturing and commercialization have sparked several key business concepts, spanning traditional photographic systems, life sciences, printing and smart materials for textiles.

“It is by being a fearless idealist and creative problem solver that I have been able to innovate across businesses and generate a portfolio of patents for Kodak,” said Dr. Nair. “I could not have accomplished this without bold, innovative thinking and having a high-performing team to propel our ideas forward.”

Recently Dr. Nair’s work has focused on light management, as she has invented a disruptive engineered microparticle technology to create smart opacifying textile coatings including Kodak’s proprietary KODALUX Fabric Coating.

Dr. Nair has previously been honored with Kodak’s Century Inventors Award and was recently featured in the Rochester Museum and Science Center’s “Changemakers” exhibit, which highlighted Rochester women throughout history who changed the world. In 2020, she was awarded the prestigious Distinguished Alumni Award by the Indian Institute of Technology Madras for her work in the field of applied materials.

Posted August 25, 2021

Source: Kodak

Premier Men’s Underwear Brand SAXX Receives Strategic Investment From TZP Group

VANCOUVER, British Columbia — August 25, 2021 — SAXX Underwear Co. Ltd., a Canada-based men’s underwear brand, announced that it has received a strategic investment from TZP Group, a multi-strategy private equity firm, through TZP Capital Partners III, L.P. NLS Group Holdings Inc., led by Krystal Growth Partners which invested in SAXX in April 2010, will retain a significant minority interest in SAXX. As part of the transaction, Brentwood Associates, a Los Angeles-based private equity firm that invested in SAXX in December of 2016, will exit their investment. Terms of the transaction were not disclosed.

Founded in 2006, SAXX has revolutionized men’s premium underwear with its patented BallPark Pouch™ technology — a hammock-shaped pouch built into each pair which their customers refer to as “life changing.” SAXX product designs have since expanded to include comfortable, premium, high-performance men’s apparel tailored to support an active lifestyle. Its products are made from the highest quality functional fabrics and construction methods to address the specific needs of their fanatical customer base, ranging from everyday lifestyle pieces to high performance athletic gear. SAXX’s self-described “obsession with the comfort of your manhood” has attracted a cult-like following that includes prominent celebrities and athletes.

With over 5,800 retailer partner doors across North America, United Kingdom, Europe, Japan, and Australia, SAXX is actively extending its brand reach globally. Since its inception, SAXX has experienced rapid sales growth of 26 percent compounded annually over the last five years, with e-commerce sales growing an impressive 60 percent year-over-year in 2020 alone. As part of the investment, TZP will help support the Company’s operations, growth strategy and expansion into new markets while building out its current presence across the United States and Europe. SAXX and TZP will work together to strategically deepen customer relationships and increase brand awareness, while also exploring new product categories and retail distribution opportunities.

“Creating the iconic BallPark Pouch was the beginning of a new era in men’s underwear, and epitomizes our company’s obsession with comfort and innovation. Since then, we have set the standard in this category and become the leading men’s premium underwear brand in Canada,” said Wendy Bennison, CEO of SAXX. “We know that there is a significant opportunity for our business, beyond what we have accomplished to-date and beyond our borders, and we are excited to be partnering with TZP on this next chapter of growth. This transaction supports the significant opportunity we see to strengthen our leadership position as the best in solving male discomfort and to further expand the SAXX brand globally. TZP’s expertise in brand expansion and digital transformation, as well as their track record of driving omnichannel growth for leading consumer brands, make them the ideal partner to bring our coveted, patented technology to the world.”

“Since its founding, SAXX has pioneered technical performance in men’s underwear and disrupted a category through innovative and technical design that didn’t exist previously,” said Dan Galpern, partner at TZP. “Through its patented technology and unique design, SAXX offers a truly differentiated product with substantial growth opportunities into both new categories and markets. We are excited to partner with the exceptional team at SAXX as they continue to build a world-class brand and execute on the opportunities ahead.”

Terry Holland, SAXX board member and managing partner at Krystal Growth Partners, added: “The SAXX journey is one we are excited to continue on under the stewardship of TZP and the SAXX leadership team. We are so confident in the ongoing opportunity, we have chosen to retain a minority interest in the Company. There remains a tremendous opportunity in the next phase of growth bringing innovative performance products to the global market.”

Eric Reiter, partner at Brentwood, commented, “It has been such a pleasure to partner with Wendy and the SAXX management team in support of SAXX’s ambitious growth strategy over the last five years. SAXX has become a leading lifestyle brand in the men’s premium underwear category, built around superior product quality and industry leading innovation. We believe the Company is well-positioned to continue its exciting performance trajectory.”

Financo Raymond James served as SAXX’s exclusive financial advisor in the transaction and DLA Piper served as SAXX’s legal counsel. Kirkland & Ellis LLP and Stikeman Elliott LLP served as legal counsel to TZP Group. Perkins Coie served as legal counsel to Brentwood.

Posted August 25, 2021

Source: SAXX Underwear Co. Ltd.

Diggs Inc. Welcomes Melisa Goldie To Board Of Directors

NEW YORK CITY — August 24, 2021 — Diggs Inc., creator of the Revol dog crate, announced today the addition of Melisa Goldie to its board of directors. Goldie boasts over two decades of excellence in the marketing field and served as the chief marketing officer for Calvin Klein and YETI during key hyper growth stages at both companies. She will work alongside current Directors Zel Crampton, Diggs co-founder and CEO; Chris Reynolds, venn growth partners; Issac Langleben, Diggs co-founder; and William Gross, early investor, Diggs. Goldie will leverage her past experience as CMO at YETI to guide Diggs in growing its lifestyle durables brand, providing the team with her valuable insight and input across strategic planning, brand positioning and marketing campaign execution.

The director news comes on the heels of Diggs’ latest funding round announcement (June 2021), which saw a $13 million Series A investment led by venn growth partners and backed by Strand Equity.

“The creative talent Melisa Goldie brings to Diggs perfectly balances our current roster of Directors,” said Zel Crampton, CEO/founder of Diggs. “Melisa is one the most successful product marketers of her time and we are grateful to have her eyes on our topline marketing strategy and supporting initiatives”.

In addition to her position at Diggs, Goldie currently acts as the chief brand officer & founder of Goldie Collective, an innovative brand and marketing company advising brands in the apparel, retail and consumer products industry. Goldie earned her Bachelor of Fine Arts at Pratt Institute.

“I am excited to join Diggs’ Board of Directors and work alongside its remarkable leadership team to introduce a fresh category of premium pet products to the market,” said Goldie. “I see a lot of similarities between Diggs and other brands I have worked with, including YETI. The potential for growth through strategic marketing to achieve category domination is prevalent, and I am proud to support Diggs on its mission”.

Posted August 25, 2021

Source: Diggs Inc.

GCS Fibers Announces Launch Of Indiegogo Fundraising Campaign

WOODBRIDGE, Va. — August 25, 2021 — GCS Fibers, an environmentally friendly manufacturer whose patented technology produces high quality non-toxic mineral fiber through repurposing coal ash, is pleased to announce the launch of an Indiegogo fundraising campaign for its growth in the United States and international markets.

“Our mission is to restore and conserve our environment by turning harmful coal ash into useful mineral fiber products while generating meaningful jobs throughout our communities of operations,” stated Ato Andoh, GCS CEO. He added, “GCS is thrilled to share our passion for saving the environment with investors interested in joining us as we create a cleaner tomorrow and as many as 500 good paying jobs at each of our factories.”

GCS is seeking to raise $3.5 million to expand operations and build as many as 100 facilities in the U.S. and across the world. Upon a successful campaign, GCS will be able to resume operations within three months of funding and generate monthly profits of $5 million. The Indiegogo campaign is found here: https://www.indiegogo.com/projects/gcs-fibers-innovation-that-preserves-the-planet#/

Each factory can process as much as one million tons of coal ash each year while employing emissions capture technology to reduce greenhouse gases and ensure the smallest possible adverse impact on the environment. The factories convert coal ash into six base fibers at a nearly 1:1 ratio of coal ash to mineral fiber in terms of weight. This represents a significant breakthrough in the ability of the utilities industry to responsibly manage and dispose of high volumes of coal ash without producing toxic waste discharges. GCS enables utility companies to save money on coal ash management and pass these savings on to consumers. Also, they can reclaim land parcels formerly used for coal ash landfills/ponds.

Posted August 25, 2021

Source: GCS Fibers

The Central America–Dominican Republic Apparel And Textile Council (CECATEC-RD) Call To Action

NIVEL, Guatemala — August 24, 2021 — Today, the Central America–Dominican Republic Apparel and Textile Council (CECATEC-RD) launched a call to action in order to increase trade, investment, and employment in the CAFTA-DR Region.

At a meeting today, private sector associations from the textile, apparel and free trade zone sectors from Central America and the Dominican Republic noted that new opportunities to bring jobs and prosperity to the CAFTA-DR Region have emerged due to changes in global supply chains, the effects of the Pandemic in different textile and apparel producers, and the interest of many brands and retailers to source near to the U.S. market.

The recent evolution of consumer behavior and the increased use of e-commerce also bring forth new opportunities for the U.S.–Central America–D.R. supply chain. In order to reap the benefits of these increased opportunities, the Council underscored the importance of increasing capacity by promoting greater foreign direct investment to the region, complementing recent increases in local investment.

The private sector associations called on other actors both from the private sector, public sector and international financial institutions to support this call to action and convene a meeting to implement the necessary actions to increase investment, trade and employment in this region. This economic activity is a key growth and employment driver in most of the CAFTA-DR countries, making it an important part of any solution addressing the root causes of irregular migration from Central America to the United States.

CECATEC-RD also stressed the importance of maintaining the rules of the game under the CAFTA-DR Agreement, including the “yarn forward” rule of origin, which serves as the backbone that holds together the US-CAFTA-DR textile and apparel supply chain. The investment in recent years has been based on that premise — and there is substantial programmed private investment currently in the pipeline geared towards more verticalization of the supply chain and higher value added products. This trend risks being reversed- affecting the creation of badly needed jobs — if there is a change in the rules.

Daniel Facusse, president of CECATEC mentioned that “Our industry is poised to play a key role in achieving investment-led growth and employment generation in our countries. However, any changes to the Agreement could greatly harm it, as well as the prospect for the region ́s post pandemic recovery thus undermining the work we have been doing over the years, which has helped bring social and economic development to our countries”.

The private sector associations expressed that the Agreement has important provisions, such as the short supply mechanism, which give the necessary flexibility for those needing to source materials not available in the region and would be open to review this mechanism to ensure it stays transparent, efficient and responsive to the needs of the supply chain.

Posted August 25, 2021

Source: The Central America – Dominican Republic Apparel and Textile Council (CECATEC-RD)

Dornbirn Global Fiber Congress: 96 Lectures From Industry, Universities And Research Institutes, 20 Exhibitors And Break Out Sessions – Guided By Top Class Keynotes

VIENNA, Austria — August 25, 2021 — For 60 years, the interest of the fiber industry in international exchange on future oriented innovations and their implementation has still been unbroken.
 Specialists of the fiber- and filament producers, the textile and nonwovens industry, the processing chain and the academic research support Dornbirn GFC with its technical and scientic presentations.

This year the Dornbirn Global Fiber Congress celebrates its 60th anniversary on one of the most modern interactive online platforms. Our partner ENRA offers outstanding networking tools and generates a virtual live experience ( www.enra.app).

From September 15-17,  the visitors have the possibility to select from 96 lectures.
 Two virtual lecture halls form the platform for the presentation of the lectures in its usual high quality.
 “See and be seen” is the motto for the visitors in the meeting room “wonder.me.” 
With one click congress participants get into a conversation. As in Dornbirn itself, networking and the exchange of information is the focus of the congress.

The opening day starts with top-class plenary lectures.
 Robert van de Kerkhof, Lenzing AG, is represented as well as Indorama’s Uday Gil. “A wake-up call” to protect our planet will be the lecture by Martin Bethke, WWF. Of course the well known CEO Panel will take place on the opening day.
 After the lectures of Markus Mannström, Stora Enso, Eric le Lay, Huhtamaki and Georg Stausberg, Oerlikon, Tobias Erikson EFESO will moderate the CEO Panel.

The first time in its 60 years of history the Dornbirn GFC takes up a cross-sector innovation under the motto “Packaging Industry meets Fiber Industry.” 
The packaging industry will work together with the fiber industry to meet the challenges of our future sustainable environment.

In many cases both industries share the same/similar feedstock, production technologies, scope of applications and will face the same challenges when it comes to sustainability and circular economy.

“Deep Dive Session” — in cooperation with EDANA/Index and Dornbirn GFC — it will offer four expert lectures in addition to the program on Friday. Results and opportunities for reuse and recycling of fibers from nonwovens will be presented and then discussed at a round table chaired by Pierre Wiertz, EDANA.

The ticket price of 300 euros offers 96 expert lectures on the following topics:

  • Fiber Innovation;
  • Sustainability and Circular Economy;
  • Apparel;
  • Surface Modification;
  • Nonwovens; and
  • Machinery and Equipment.

Also featured are 20 exhibitors in a virtual exhibition hall; the “wonder.me“ meetingpoint to get to know each other and networking; an Innovation Platform where packaging industry meets fiber industry; and Deep Dive Session with Edana/Index & Dornbirn GFC.

For program and ticket registration, please visit www.dornbirn-gfc.com.

Posted August 25, 2021

Source: Dornbirn GFC

Archroma Announces CFO Succession

Thomas Bucher

REINACH, Switzerland — August 18, 2021 — Archroma, today announced that it has appointed Thomas Bucher as its new CFO effective October 1, 2021, replacing Roland Waibel who will retire.

Thomas Bucher has a long career in finance, having held CFO roles with leading industrial and services companies as well as senior Finance roles in the chemical sector. He joins Archroma from Alpiq Holding AG, where he has been Group CFO and a Member of the Executive Management Board since 2015. Prior to Alpiq, Thomas Bucher was Group CFO at Gategroup for six years, where he supported the company’s listing and subsequent strategic repositioning, and before that he held a number of senior Finance roles at Ciba Specialty Chemicals over more than 12 years.

CEO Heike van de Kerkhof commented: “We are very happy to have Thomas Bucher join us, and add his financial expertise to support our agenda towards confirming Archroma as an undisputed leader in innovative and sustainable specialty chemicals, supported by solid and profitable growth.

“I want to thank Roland Waibel for his many contributions since the beginning of Archroma in 2013. He has played an important role helping the company deliver on our growth whilst building a strong finance expert team and expertise at Archroma,” she added.

“I am very excited to join Archroma and a team who has shown amazing agility and market relevance in the recent years,” Bucher said, “transforming itself to operate ever more efficiently, profitably and sustainably.”

Posted August 25, 2021

Source: Archroma

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