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SK and Capricorn Investment Group Invest $100 Million in Halio Smart Glass
Halio Inc. announced an additional $100 million in financing from inside investors SK and Capricorn Investment Group (CIG) for its Halio Smart Glass.
“SK recognizes the benefits that Halio Smart Glass brings to our lives, the planet, and its synergy with our investment … ,” says Dong UK Choi, vice president of SK, Korea’s third largest company with more than $68 billion in annual revenue.
“Halio is the practical, necessary, inevitable, and elegant ingredient for the building industry as it moves to net-zero and occupant wellness,” adds Dipender Saluja, CIG’s managing director.
According to the announcement, funding enables increased production capability to service orders and to further advance Halio’s electrochromic technology for commercial buildings, residential homes and vehicles.
“Architects and developers have specified Halio Smart Glass into a growing backlog of designs,” says Bruce Sohn, Halio CEO. “Our successful partnership with Viracon, the largest architectural glass fabricator in America, is already accelerating our timeline to increase production output.”
Mappi Hosts Students for a Day of Learning
Mappi opened its doors to high school students last November as part of PMI Day 2021, a Confindustria initiative the Italian Association of Industrialists.
The students came from Teodosio Rossi Institute in Priverno and were accompanied by their teachers, where they met Mappi’s staff to learn about the different design and production phases of complex and refined machines, such as tempering ovens.
“This is one of the reasons why we constantly project ourselves into the future,” says Nancy Mammaro, CEO. “Mappi is a company that has always invested in young people, innovation, in professionalism. We are happy to have participated in PMI Day 2021 and we are ready to welcome the 2022 edition, as well. Our commitment in favor of young talents is constant. [For] 365 days a year, we are committed [to] offering opportunities, developing specialist skills, and cultivating the right mix between the innovative capacity of the youngest and consolidated experience of those who have been with us for a long time. And the results prove that we are right.”
Two Companies Celebrate a Combined 175 Years
From 75 to 100 years in business, two industry companies recently celebrated milestone anniversaries.
Horton Pedestrian Access Solutions, a division of Overhead Door Corp. (ODC), recently celebrated its 100th anniversary. ODC began with the invention of the upward-acting, sectional garage door in 1921, followed by the first electric garage door opener in 1926. Horton Automatics became part of ODC in 1970.
Family-owned Livers Bronze Co., based in Kansas City, Mo., celebrated 75 years as a designer and manufacturer of commercial hand railing systems. Founded by the Livers brothers, Dick, Harold and John in 1946, the company began as a provider of bronze grave markers to local cemeteries, eventually branching into signage, hand railings and
elevator cab interiors.
Now under the leadership of the third generation of Livers, the company focuses on sound engineering and manufacturing principles in hand railing product design, fabricating its hand railings from the initial design to engineering and final installation.
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