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NAVEX Enhances Communication with AI-Driven Translations

NAVEX Global

NAVEX, the leader in integrated risk and compliance management software, announces the launch of a new NAVEX One platform shared service: dynamic machine translations. This first-to-market addition in the governance, risk and compliance (GRC) space will empower organizations operating across different countries to overcome language barriers, enabling accurate risk and compliance-related communication between employees, third parties and program administrators. NAVEX understands the challenges organizations face in maintaining accurate communication when dealing with sensitive data arising from risk and compliance tasks. Many organizations struggle with language barriers, hindering effective collaboration. With varying language skills among responders, the potential for misunderstandings and misinterpretations can be detrimental to decision-making and compliance efforts – especially in time-sensitive cases. "NAVEX is pioneering the future of machine translations within the GRC space, directly tackling the complexities of multilingual communication," stated A.G. Lambert, chief product officer at NAVEX. "The integration of secure machine translation into NAVEX One makes it simple for GRC professionals to translate disclosures, assessments, and responses, leading to better communication and faster resolution." The introduction of dynamic machine translations addresses these issues and improves communication efficiency. With advanced artificial intelligence technology, this shared service allows end users to translate directly from the NAVEX One user interface. How machine translations work In the past, administrators encountered the repetitive task of manually copying text, relying on external translation tools, and then painstakingly inputting the translations to proceed with their workflow. However, with the introduction of the machine translations shared service built on Amazon Web Services (AWS), administrators are now equipped to address important matters promptly and efficiently, leading to quicker resolution rates. Moreover, administrators can assess third-party entities proficiently, regardless of the languages they speak or the answers they provide. The user-friendly NAVEX One interface makes translating disclosures, evaluations, and responses easy, promoting smooth communication and understanding. "By relying on the broadest and deepest set of cloud services on AWS, including Amazon Translate, NAVEX is able to use machine translations within the governance, risk and compliance space, directly tackling the complexities of multilingual communication,” stated Venky Nagapudi, Senior Product Management Leader, Amazon Translate, AWS. “The work between NAVEX and AWS makes it easy to translate disclosures, assessments, and responses, leading to better communication and faster resolution." Key benefits of NAVEX One machine translations include: Multilingual support: The system supports 75 languages, facilitating seamless communication with stakeholders worldwide. Accurate and reliable: Powered by advanced neural network technology, the feature ensures precise translation of critical information. Streamlined workflow: The translation functionality integrates seamlessly into existing GRC workflows, saving time and effort for administrators and responders. Cost-effective translations: Organizations can deliver faster results and decrease operational costs by reducing the need for external translation services. Data privacy: Advanced technical and physical measures, including encryption at rest and in transit, are used to prevent unauthorized access or sharing of content. Incorporating a dynamic machine translation service highlights NAVEX's continued commitment to fostering innovative solutions throughout the NAVEX One platform. By seamlessly integrating artificial intelligence and machine learning capabilities, NAVEX continues to empower companies to overcome language obstacles, promoting cross-cultural teamwork and elevating the effectiveness of GRC processes. As NAVEX continues to leverage AI and ML, it cements its position as a leader in cutting-edge technology within the GRC space. The NAVEX One GRC – Information System Multilingual Machine Translation marks a bold stride in NAVEX’s innovative journey following the recent launch of the NAVEX Compliance Assistant. NAVEX's unwavering commitment to AI/ML innovation propels the governance, risk, and compliance landscape into a new era. By harnessing the power of AI, NAVEX is reshaping the compliance landscape, streamlining intricate processes, and automating tasks. This first-to-market shared service accelerates and enhances compliance initiatives while fostering clarity across your organization. Navigate the future of compliance with your AI-powered ally, simplifying employee compliance in ways that redefine ease and efficiency. For more information, visit the NAVEX One Platform. And read our blog. NAVEX is trusted by thousands of customers worldwide to help them achieve the business outcomes that matter most. As the global leader in integrated risk and compliance management software and services, we deliver solutions through the NAVEX One platform, the industry’s most comprehensive governance, risk and compliance (GRC) information system. For more information, visit NAVEX.com and our blog. Follow us on Twitter and LinkedIn. Contact Details Scott Levesque +1 617-388-5773 scott.levesque@navex.com Company Website https://www.navex.com

August 22, 2023 08:00 AM Eastern Daylight Time

News Release

Safe & Green Holdings sees strong growth in financial numbers as company planned spinout moves forward

Safe & Green Holdings Corp.

Safe & Green Holdings Corp CEO Paul Galvin joined Steve Darling from Proactive to discuss the company's strong financial performance. Galvin shared that the company achieved a notable 21% year-over-year increase in manufacturing revenue during the second quarter. This growth builds on the positive momentum the company has experienced over the past several quarters. In terms of revenue, Safe & Green Holding Corp generated $5.1 million during the second quarter of 2023, compared to $7.6 million for the same period in 2022. The decrease in revenue was primarily due to the discontinuation of COVID-19 testing facilities. However, this decline was partially offset by increased core manufacturing revenue. The manufacturing services segment played a significant role in this growth, with a 21% increase in revenue compared to the previous year. Galvin emphasized that the second quarter of 2023 saw considerable expenses related to the expansion of SG DevCo and Safe and Green Medical Corp. Notably, SG DevCo is set to be spun off into an independently listed Nasdaq company, with a projected record date of August 21. Galvin highlighted SG DevCo's robust project pipeline, exceeding $800 million in value and encompassing more than 4,200 units to be developed. The company's ambitious goal of developing 10,000 units over the next seven years is expected to fully utilize the in-house manufacturing capacity, promising significant value creation for shareholders. Contact Details Proactive Investors +1 604-688-8158 na-editorial@proactiveinvestors.com

August 21, 2023 01:03 PM Eastern Daylight Time

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Vinhomes Named Among Top 20 Most Valuable Real Estate Brands in the World

Vingroup

HANOI, VIETNAM - Media OutReach - 21 August 2023 - For the first time, a Vietnamese real estate development brand, Vinhomes, has been named among the Top 20 most valuable real estate brands globally at The Brand Finance-Mibrand Vietnam Forum 2023. This recognition solidifies Vinhomes' reputation and position in the international real estate market, concurrently providing evidence of the company's outstanding and sustainable operational efficiency. The real estate development brand Vinhomes has been appraised by Brand Finance at USD1.74 billion, which was enough to make its debut in the rankings of the world's 20 most valuable real estate brands and secure its position as the sole real estate brand among the Top 5 most valuable brands in Vietnam. Significantly, this is also the first time a Vietnamese real estate enterprise has entered the Top 20 globally, showcasing Vinhomes' remarkable growth in both scale and reputation. According to Brand Finance, the criteria for evaluating a brand encompass its ability to enhance product value; its influence on customers' purchasing decisions; the cost of building a successful brand; its market value on the stock exchange; and its profitability. Mrs. Nguyen Thu Hang, CEO of Vinhomes, shared, "Throughout 15 years in the market, Vinhomes has consistently endeavored to transcend beyond being a reputable real estate developer. We are also a pioneer leading and shaping a high-quality lifestyle for our residents, and fostering modern communities within our projects. Our aim has always been constructing urban projects with amenities and structures of regional and international standard, delivering enhanced value to residents and clients." As the leading real estate brand in Vietnam, Vinhomes has now delivered and is managing over 128,000 apartments and villas within 29 urban areas across the nation, servicing more than 440,000 residents. Notable examples include large-scale urban areas spanning hundreds of hectares such as Vinhomes Riverside, Vinhomes Ocean Park 1 and 2, Vinhomes Smart City, and Vinhomes Grand Park. These Vinhomes urban areas have attracted thousands of residents, contributing to the development of bustling new central districts in Hanoi, Ho Chi Minh City and other major provinces. As Vietnam's premier real estate brand, Vinhomes consistently creates unique living spaces that offer exceptional and distinct experiences for residents. Ocean City, the so-called "miracle city", is located in the eastern part of Hanoi, covering a total area of 1,200 hectares (an integration of three urban areas - Vinhomes Ocean Park 1, 2, and 3). It features record-setting structures such as the "Urban area with the world's largest artificial saltwater lagoon and freshwater lake with white sand beaches" (Vinhomes Ocean Park 1), the "World's largest artificial wave-making saltwater lagoon complex in an urban area" (Royal Wave Park in Vinhomes Ocean Park 2), and various highlights including the VinWonders Hanoi Wave Park and VinWonders Hanoi Water Park. Characterized by comprehensive verdant landscapes, life-enhancing amenities, and a social infrastructure comprising hospitals, schools, parks, playgrounds, swimming pools, and numerous architecturally iconic structures, Vinhomes urban areas have progressively elevated the quality of life for modern Vietnamese citizens. This has, in turn, played a pivotal role in the sustainable and healthy development of the real estate market. Vinhomes had total consolidated assets and owners' equity of VND396 trillion (approximately USD16.69 billion) and VND170 trillion (approximately USD7.16 billion) respectively, as of June 30, 2023, representing an increase of 10% and 15% over the figures of December 31, 2022. Vinhomes consistently maintains its position at the top of the ranking for real estate developers with "healthy" and sustainable profitability on the stock exchange. With its placement among the Top 20 most valuable real estate brands in the world, Vinhomes reaffirms its credibility and stature as a Vietnamese brand capable of transcending national boundaries, etching its presence on the path to global conquest. About Vinhomes Vinhomes is the No.1 real estate development and management company in Vietnam, recognized for its superior scale, execution speed and service quality, leading the market to sustainable growth, with the vision of becoming a world-class enterprise. The brand's mission is to pioneer an ideal living experience in Vietnam's urban locations, featuring professionally planned residential complexes in harmony with nature, integrated facilities and a green environment, together forming a new lifestyle for the Vietnamese people. Vinhomes is committed to fostering vibrant and caring communities, creating a modern, lively, and welcoming environment for its residents to enjoy a liveable lifestyle. About Brand Finance Brand Finance is a brand valuation consultancy headquartered in the United Kingdom. Annually, Brand Finance independently assesses around 57,000 different brands worldwide. The significant reports from Brand Finance, including the Top 500 Global Brands, Top 500 Global Banks, and Global Nation Brand Rankings, are highly regarded by industry experts. Brand Finance's brand valuation results are officially published and utilized on major global media channels such as BBC, CNN, CNBC, Bloomberg, The Economist, and The Wall Street Journal. Contact Details Media Contact v.chidqd1@vingroup.net Company Website https://vinhomes.vn/en

August 21, 2023 12:13 PM Eastern Daylight Time

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VTS Debuts on the 2023 Inc. 5000 Annual List

VTS

Inc. revealed today that VTS, the commercial real estate industry’s only technology platform that unifies owners, operators, brokers, and tenants to capitalize on opportunities revealed in every square foot of their properties, ranked on the 2023 Inc. 5000 – its annual list of the fastest-growing private companies in America. The prestigious ranking provides a data-driven look at the most successful companies within the economy’s most dynamic segment — its independent, entrepreneurial businesses. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other household name brands gained their first national exposure as honorees on the Inc. 5000. “VTS is honored to receive our first recognition on the Inc. 5000 list, joining the ranks among the fastest growing and most innovative companies in the country," said Nick Romito, CEO of VTS. “This is a testament to how much VTS has grown and achieved in recent years. I’m immensely thankful to our dedicated team, as well as our exceptional clients and partners who all play a critical role in our continued success." The Inc. 5000 class of 2023 represents companies that have driven rapid revenue growth while navigating inflationary pressure, the rising costs of capital, and seemingly intractable hiring challenges. Among this year’s top 500 companies, the average median three-year revenue growth rate ticked up to an astonishing 2,238 percent. In all, this year’s Inc. 5000 companies have added 1,187,266 jobs to the economy over the past three years. For complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, location, and other criteria, go to www.inc.com/inc5000. The top 500 companies are featured in the September issue of Inc. magazine, available on newsstands beginning Tuesday, August 23. “Running a business has only gotten harder since the end of the pandemic,” says Inc. Editor-in-Chief Scott Omelianuk. “To make the Inc. 5000 — with the fast growth that requires — is truly an accomplishment. Inc. is thrilled to honor the companies that are building our future.” VTS has experienced tremendous growth in recent years. Most recently, VTS launched its revolutionary tenant experience solution VTS Activate, which has solidified the company as the leading provider of tenant experience technology. The launch of VTS Activate follows VTS’ acquisitions of Rise Buildings in March 2021 and Lane Technologies in October 2021, both of which marked the company’s official entrance into the tenant experience space. In September 2022, VTS announced it had closed on a $125M Series E funding round, led by CBRE, making it the most well-capitalized PropTech company of its vintage. About VTS VTS is commercial real estate’s leading leasing, marketing, and asset management platform where the industry comes to make deals happen and real-time data comes to life. The VTS Platform captures the largest first-party data source in the industry, which delivers real-time insights that fuel faster, more informed decision making and connections throughout the deal and asset lifecycle. VTS Data, the industry’s only forward-looking market dataset, and VTS Market and Marketplace, the industry’s first integrated online marketing solution, give landlords, brokers, and tenants unparalleled visibility into real-time market information and the direct connectivity to execute deals with greater speed and intelligence at every point in the planning, marketing, leasing, and asset management cycle.More than 60% of Class A commercial space in the US and 12B square feet of commercial real estate globally is managed on the VTS platform. Our user base includes over 45,000 CRE professionals including respected industry leaders like Blackstone, Brookfield Properties, LaSalle Investment Management, Hines, Boston Properties, Oxford Properties, JLL, and CBRE. To learn more about VTS, and to see our open roles, visit www.vts.com. More about Inc. and the Inc. 5000 Methodology Companies on the 2023 Inc. 5000 are ranked according to percentage revenue growth from 2019 to 2022. To qualify, companies must have been founded and generating revenue by March 31, 2019. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2022. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2019 is $100,000; the minimum for 2022 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to four decimal places. About Inc. Inc. Business Media is the leading multimedia brand for entrepreneurs. Through its journalism, Inc. aims to inform, educate, and elevate the profile of our community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating our future. Inc.’s award-winning work reaches more than 50 million people across a variety of channels, including events, print, digital, video, podcasts, newsletters, and social media. Its proprietary Inc. 5000 list, produced every year since 1982, analyzes company data to rank the fastest-growing privately held businesses in the United States. The recognition that comes with inclusion on this and other prestigious Inc. lists, such as Female Founders and Power Partners, gives the founders of top businesses the opportunity to engage with an exclusive community of their peers, and credibility that helps them drive sales and recruit talent. For more information, visit www.inc.com. For more information on the Inc. 5000 Conference & Gala, slated for October 31 - November 2 in San Antonio, visit http://conference.inc.com/. Contact Details Marino PR Sofia Chevez +1 646-912-5354 schevez@marinopr.com Company Website https://www.vts.com/

August 21, 2023 09:00 AM Eastern Daylight Time

News Release

Zoned Properties sees strong revenue growth as company unveils second-quarter financials

Zoned Properties

Zoned Properties' CEO, Bryan McLaren, recently spoke with Steve Darling on Proactive to share the company's second-quarter financial results and operational highlights, demonstrating strong growth in its real estate development endeavors, particularly in emerging and highly regulated industries like legalized cannabis. McLaren noted that the company achieved significant revenue growth during the quarter ended June 30, 2023, with revenues reaching $772,617. This marked a notable increase of 55% compared to the revenues of $498,652 recorded for the same quarter in the previous year. Additionally, Zoned Properties reported a net income of $42,159 for the quarter, a notable shift from the net loss reported in the same period of the previous year. McLaren also shared the company's ongoing efforts in developing its proprietary cannabis AI technology platform, REZONE. This innovative platform aims to democratize real estate information for the regulated cannabis industry. By providing zoning and mapping software solutions, REZONE is designed to simplify the process of capturing cannabis real estate insights for users. Zoned Properties is actively working on further refining and expanding REZONE as it moves closer to its commercial launch. These financial results and technological advancements underscore Zoned Properties' commitment to sustainable growth and innovation within the highly regulated sectors it operates in, positioning the company as a significant player in real estate development for emerging industries such as legalized cannabis. Contact Details Proactive Investors +1 604-688-8158 na-editorial@proactiveinvestors.com

August 17, 2023 01:33 PM Eastern Daylight Time

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Harvest Thermal Earns Inclusion in CEC Title 24 Compliance Software

Harvest Thermal

The electronic rulebook of Title 24 compliance for energy now includes Harvest Thermal’s smart thermal battery solution as an efficiency option. The California energy code for new construction and major remodels is becoming increasingly challenging to meet. Architects, homebuilders and remodelers need more cost-effective solutions to include in their projects. Harvest Thermal offers project developers a climate-friendly and cost-effective tool to meet code requirements. Its unique thermal battery solution uses a single heat pump for both heating and hot water. The smart Harvest Pod leverages cheap, clean electricity to store heat at midday while releasing it to the home whenever needed. Smart controls optimize for homeowner comfort while delivering up to 45% lower energy costs and 90% carbon reductions compared to gas. “Harvest Thermal’s inclusion in the CEC Title 24 database is very significant for architects, homebuilders and remodelers,” said Pierre Delforge, Head of Product and Operations at Harvest Thermal. “They will see outsized benefits with significantly lower EDR scores, lowering their costs and improving the performance of their buildings.” Building plans submitted for permitting must achieve scores at or below the Energy Design Rating (EDR) compliance threshold as calculated by the CBECC-Res compliance software. Plans that include Harvest Thermal get extra credit, lowering both Efficiency and Total EDR scores, and helping to avoid other more costly measures. Harvest Thermal also qualifies for the new California Electric Homes Program (CalEHP) for all-electric new construction, bringing more value to homebuilders’ projects. The technology fits into recognizable floorplans, enabling developers to seamlessly integrate Harvest into their designs. For more information on how to incorporate Harvest Thermal into the CBECC-Res database as a combined heat and hot water system see the instructions in this presentation. Harvest Thermal is redesigning home heating, cooling and hot water for the planet. Its market-leading thermal battery system cuts carbon emissions by 90% from home heating and hot water compared to gas and 50% compared to heat pumps without storage. The cloud-connected Harvest Pod leverages machine learning software, sensors, and controls to reduce carbon emissions and save on monthly heating bills. It also supports a cleaner, cheaper, and more resilient grid. Founded in 2019, Harvest Thermal has received support from the National Science Foundation, the California Energy Commission, Peninsula Clean Energy, and leading private investors. In 2023, Harvest Thermal was named to Fast Company’s Most Innovative Companies list; awarded NREL Industry Growth Forum’s People’s Choice Award; and won a Silver Edison Award for Sustainable Design in the category of Consumer Solutions. Contact Details Harvest Thermal David Tuft +1 202-494-0813 david@harvest-thermal.com Company Website https://www.harvest-thermal.com/

August 17, 2023 08:00 AM Pacific Daylight Time

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Ballast Rock Named to Inc. 5000’s List of Fastest-Growing Companies

Ballast Rock

Ballast Rock, the diversified investment management firm, today announced that the company has been named to the Inc. 5000 list of fastest-growing companies in the United States, marking its inaugural appearance. The firm is ranked No. 1,145 nationally, No. 11 of companies based in South Carolina, and No. 70 in the financial services category. Over the past year, Ballast Rock has focused on sustainable growth. In November, the company launched Ballast Rock Private Wealth, an independently run, registered investment advisor (RIA) that provides holistic financial advice to accredited high-net-worth investors. Earlier this year, Ballast Rock also established Ballast Rock Capital, its broker-dealer. “Our appearance on this year’s Inc. 5000 list is a testament to the success of our long-term strategy, which focuses on hiring the right team to broaden the services we provide to best serve our clients in all aspects of their financial lives,” said Thomas Carroll, Founder and Chief Executive Office of Ballast Rock “We are honored to be recognized alongside such distinguished companies and look forward to achieving further noteworthy milestones in the years ahead.” Between 2021 and 2022, Ballast Rock grew more than seven-fold, adding headcount across all divisions of the business. The firm also more than doubled its assets under management (AUM) during the same period. Companies on the 2023 Inc. 5000 are ranked according to percentage of revenue growth from 2019 to 2022. To qualify, companies must be generating revenue by March 31, 2019. Additionally, they must be U.S.-based, privately held, for-profit and independent companies—not subsidiaries or divisions of other companies—as of December 31, 2019. Visit Inc. 50000’s full list of fastest-growing companies: Inc. 5000 2023: First Look at the Companies Building the Future About Ballast Rock Ballast Rock is an integrated investment management company specializing in delivering risk-adjusted returns, accurate, and timely advice, high quality frequent reporting, and direct access to management. Ballast Rock Group operates Ballast Rock Asset Management, Ballast Rock Private Wealth, and Ballast Rock Capital. Ballast Rock Asset Management comprises Ballast Rock Real Estate, which includes the firm’s Sunbelt multifamily real estate funds, and Ballast Rock Ventures, comprising venture capital and private equity teams. Ballast Rock Private Wealth is a registered investment advisor, with a focus on alternative strategies. Ballast Rock Capital (member FINRA/SIPC) is an SEC-registered broker-dealer. Ballast Rock is committed to being a driver of positive change. The diversity of our team members brings valuable new perspectives to our industry for the benefit of our stakeholders and the broader community. Investment Disclosure The information contained in this press release has been prepared by Ballast Rock Holdings LLC (“Ballast Rock”) without reference to any particular reader’s investment requirements or financial situation. Potential investors are encouraged to consult with professional tax, legal, and financial advisors before making any investment into a private offering of securities. An investment in private securities would be speculative and would involve a high degree of risk. Investors must be prepared to bear the economic risk of such an investment for an indefinite period of time and be able to withstand a total loss of their investment. Please consider carefully the investment objectives, risks, transaction costs, and other expenses related to an investment prior to deciding to invest. Ballast Rock Capital LLC (“BRC”), MEMBER: FINRA / SIPC. BRC’s registered head office is 460 King Street, Suite 200, Charleston, SC, 29403. Tel: 800-204-2513. To check background information about BRC and its representatives, visit FINRA’s BrokerCheck. Please see important disclosure information in our Form CRS. Contact Details For Ballast Rock press@ballastrock.com Company Website https://www.ballastrock.com/

August 17, 2023 10:15 AM Eastern Daylight Time

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Tribe Property Technologies announces another key service to community with KnockNok partnership

Tribe Property Technologies Inc.

Tribe Property Technologies CEO Joseph Nakhla joined Steve Darling from Proactive with news that the company has unveiled a strategic collaboration with KnockNok, an innovative app dedicated to connecting individuals seeking home maintenance and repair services with skilled handymen. Nakhla highlighted that this partnership aims to establish a comprehensive solution catering to diverse household maintenance and repair needs. The app offers an array of over 50 services, encompassing tasks ranging from cleaning, appliance repairs, plumbing, and heating to various home improvement projects. Tribe's residents will enjoy exclusive benefits through this partnership, including preferential rates, enhanced care, priority service, and a 60-day warranty for all booked service requests made via the platform. The integration of KnockNok's services will be facilitated through the Tribe Market platform, a dynamic marketplace designed to enhance efficiency and financial convenience for residents of Tribe's multi-family communities. By expanding its offerings through collaborations like this, Tribe not only aims to streamline residents' lives but also benefits from compensation from partners for platform usage. Additionally, partners commit to extending unique offerings to Tribe's homeowners and tenants, capitalizing on Tribe's collective purchasing influence. This strategic partnership exemplifies Tribe Property Technologies' commitment to providing exceptional value and convenience to its community members. Contact Details Proactive Investors Canada +1 604-688-8158 na-editorial@proactiveinvestors.com

August 16, 2023 01:25 PM Eastern Daylight Time

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Ancora L&G, One Year In: Providence, Rhode Island construction launches

Ancora L&G

Ancora L&G, today announced the full launch of construction of a new life sciences building on a parcel of land at 150 Richmond Street, Providence, Rhode Island. Ancora L&G will develop a 210,000 sq. ft. building designed specifically to bring a diverse set of life-and health-science organizations into downtown Providence. The development will be anchored by the new 80,000 sq. ft. state-of-the-art Rhode Island State Health Laboratory funded by the U.S. Centers for Disease Control and Prevention (CDC), and ultimately owned by the State of Rhode Island. The building will also include nearly 120,000 sq. ft of space targeted to commercial and institutional users, with Brown University having signed a letter of intent to anchor the private laboratory space in the building. This investment is an important element in the evolution of the 195 District, a growing innovation district on former highway land in downtown Providence that is catalyzing the economic revitalization of the area. The I-195 Redevelopment District, a quasi-public entity, is responsible for overseeing the redevelopment efforts and contributed the land for this project. The Ancora L&G building is designed to provide essential space for public health services in Rhode Island, advancing the state’s critical public health and safety goals. It will also provide laboratories for development and application of cutting-edge new science, which is anticipated to make a difference to future public health and quality of life. Construction comes just over one year after the start of the partnership between Ancora and global financial services firm Legal & General. Ancora L&G was formed, in 2022, as a joint venture between U.S.-based science and technology real estate developer Ancora and Legal & General Capital ( LGC ), Legal & General ’s ( LGEN:LN / LGNNY ) alternative assets origination arm. Ancora L&G was created as a real estate platform dedicated to driving science and technology growth across the U.S. Through an initial seed capital investment of $500 million from LGC, Ancora L&G is currently being capitalized to deliver $4 billion of existing pipeline and planned acquisition and development activity in the U.S. over the next five years. It is experiencing strong forward momentum on its other major projects, including in Atlanta, GA and New Haven, CT. Soon after its inception, Ancora L&G acquired 387 Technology Circle NW, in Atlanta, Georgia, a 128,000 sq. ft. Class A life science/lab building in the approximately $1 billion development of Science Square, adjacent to Georgia Institute of Technology’s (GeorgiaTech) campus. In New Haven, Connecticut, Ancora L&G is also developing an approximately $220 million, 252,000-square-foot life sciences lab building at 265 South Orange Street, as the second phase of Square 10, a mixed-use redevelopment of the former New Haven Veterans Memorial Coliseum site, which will also include affordable housing and commercial space. In March 2023, Ancora L&G purchased the southwest corner of the ex-Coliseum site, just blocks away from the Yale University campus, to further its city-approved plan to build a new 11-story lab and office building, which is planned to commence site work later this year. Josh Parker, CEO Ancora L&G, said: “As a relationship-driven investor, our commitment is to deliver results for our clients and investors, and the communities where we invest. This is a special project for us because of the impact it delivers; it will address the important public health needs of the State of Rhode Island, catalyze new investment in the area, nurture growing science and technology companies in Providence, and support the mission and research goals of Brown University. The State of Rhode Island was visionary in establishing the goal of bringing the state health lab together with private lab space in one building, to help nurture the local life science industry as part of the revitalization of this area. This investment exemplifies our focus on collaboration and creating lasting partnerships with higher education and healthcare providers, local businesses, and people.” Governor McKee, State Governor, Rhode Island, said: “ The RI State Health Lab project is a great example of how innovative partnerships can benefit the larger community—investing in science, education, economic development and, most importantly, the health of our citizenry. This project is crucial to ensuring our state’s economic momentum continues as we make key investments in public health and the life science industry here in Rhode Island.” Marc Crisafulli, Chair of the I-195 Redevelopment District Commission, said: “This unique public-private partnership with Ancora L&G and Brown University and the private lab space being created are key drivers in the growth of our life sciences sector. We are looking forward to watching this project rise and be home to public health initiatives and science entrepreneurs.” Liz Tanner, RI Secretary of Commerce, said: "The new life sciences building in Providence is a testament to Rhode Island's commitment to innovation and economic growth. By combining the new state health lab facilities with private research spaces, we're amplifying Rhode Island's momentum in the life sciences sector and solidifying our position as a leader in innovation and research.” Jonathan Womer, Director of the RI Department of Administration, said: “ “We are so grateful to the many agencies and organizations that have worked so hard to make the State Health Laboratory possible. I would also like to thank the Centers for Disease Control and Prevention for providing the funding for this project, which will be a valuable addition to the 195 District.” Glen R. Gallagher Ph.D., Director of RIDOH’s State Health Laboratories, said: “Over the last several months RIDOH’s State Health Laboratories leadership has been working diligently to ensure that we hit the ground running in this new facility. The commitment of this new laboratory space will allow our staff to work more efficiently and safely while positioning the lab to respond to emerging infectious disease and chemical public health concerns for decades to come.” Laura Mason, CEO Legal & General Capital, said: “We’re delighted with the public-private partnership in Providence and the construction now underway. This demonstrates that the proven model we’ve developed over the last decade in the UK has great relevance in the U.S., with an aligned focus on investing in socially and economically useful developments. Ancora L&G represents an ideal strategy to put capital to work for the benefit of society. As we partner with third party capital investors in the future, we anticipate that we can further grow through impactful local investing and deliver for more U.S. cities and towns.” Ancora L&G A joint venture between U.S.-based science and technology real estate developer Ancora and Legal & General Capital ( LGC ), the investment arm of global asset manager Legal & General, Ancora L&G acquires and develops real estate to serve high-growth science, technology, and innovation tenants in partnership with and proximate to leading U.S. anchor institutions. Ancora was founded in 2019 by Josh Parker with co-founders John Philipchuck and Jeff Kingsbury. Currently capitalized at $500 million with plans to expand to $4 billion, Ancora L&G currently has projects in Atlanta, Georgia (Georgia Tech); Providence, Rhode Island (Brown University); and New Haven, Connecticut (Yale University). Legal & General Capital Legal & General Capital (LGC) is Legal & General Group’s alternative asset platform, creating assets for Legal & General Retirement and third-party clients in order to achieve improved risk-adjusted returns for our shareholders. LGC has built its market leading capabilities in a range of alternative assets, delivering depth of resource, track record and intellectual property. Investing in the real economy and creating alternative assets that deliver a tangible societal impact, its purpose is to invest society’s capital for society’s benefit. L&G has invested around £30 billion ($37 million) in levelling-up regional UK economies and has strong track record in investing in technology and life sciences. LGC’s investments include residential property; specialist commercial real estate; clean energy; alternative credit; and venture capital. As LGC’s capability to create alternative assets continues to grow, it will not only continue to grow its balance sheet of alternative assets but also create alternative assets for third party investors. Legal & General Group Established in 1836, Legal & General is one of the UK’s leading financial services groups and a major global investor, with international businesses in the U.S., Europe, Middle East, and Asia. With over £1.24 trillion in total assets under management, we are the UK’s largest investment manager for corporate pension plans and a UK market leader in pension risk transfer, life insurance, workplace pensions and retirement income. Legal & General Group currently manages $1.4 trillion of assets globally and is increasing its presence in the U.S. for both equity and debt vehicles. The year-old Ancora L&G joint venture builds on the successful track record of Ancora’s team and the investing record of LGC in the UK, including over $5 billion currently committed to science and technology development projects at Oxford, Manchester, and other leading universities in the UK. Contact Details MKPR Meir Kahtan +1 917-864-0800 mkahtan@rcn.com

August 16, 2023 08:00 AM Eastern Daylight Time

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