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Capita Real Estate and Infrastructure and Black & Veatch Joint Venture Wins Four-Year Environment Agency Framework

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REDHILL, England–(BUSINESS WIRE)–Climate change and population growth mean that an average £1 billion per year will be spent on flood and coastal resilience measures, over the next 50 years, according to the Environment Agency (EA). As part of its strategy to protect communities the EA has awarded places on both of its Client Support Frameworks (CSF) to Capita Real Estate and Infrastructure and Black & Veatch joint venture (JV).

Both frameworks run for four years. Lot 1 encompasses engineering and technical support; Lot 2 includes carbon management and contract administration services.

Graham Sant, Managing Director – Infrastructure comments, “Capita has developed a strong team of expertise and capabilities in flood risk as well as environmental advisory services over the last four years on the WEM Framework. We are delighted to be working with Black & Veatch on this joint venture, and excited about developing this new offering together.”

“Black & Veatch has supported EA frameworks since 1997. For the new CSFs our expertise in data analytics and digital/artificial intelligence will complement our established consulting, and asset management capabilities,” added Mat Fairfax, Director of Black & Veatch’s professional services business.

Via CSFs the joint venture will help the EA deliver a programme of capital investment and enhancement works on flood defence assets, both fixed and active, as well as wider business requirements. The JV will work collaboratively to ensure sustainable, best-value outcomes for the communities the EA protects.

Notes to editors, Black & Veatch

  • CSFs replace the Water and Environment Management (WEM) framework as the EA’s main asset delivery vehicle. Black & Veatch served on both WEM and its National Engineering and Environmental Consultancy Agreement (NEECA) predecessor.
  • Black & Veatch is the professional services lead on the UK’s largest single flood defence project, the Environment Agency’s River Thames Scheme, which will reduce flood risk for up to 15,000 residential properties and 100,000m2 of commercial floor space.
  • Advanced data analytics and artificial intelligence are at the core of Black & Veatch’s work. In February 2019 the company teamed-up with EMAGIN to offer clients advanced operational intelligence, allied to hands-on asset management and engineering expertise.
  • In March 2019 Black & Veatch launched a Smart Maintenance business which builds upon the company’s technology led asset management consulting experience – and its programme management, logistics and delivery expertise – to create digitally enabled onsite maintenance teams.

Notes to editors, Capita

  • Capita Real Estate and Infrastructure is one of the UK’s leading consultancies providing professional real estate, design, project delivery, infrastructure, and business transformation services. With over 1600 staff in offices throughout the UK, we work across a variety of sectors including central and local government, defence, education, utilities, housing, environment and transport.
  • Every day we advise on real estate solutions, provide professional expertise and creative delivery on real estate and infrastructure projects and provide specialist asset and business support. Our teams span many markets working with private sector corporates and local authorities throughout the United Kingdom. From design, to management, to civil engineering, to strategic consultancy, we provide strategic advice right through the asset life cycle, creating tomorrow’s prosperous and connected places.
  • We are part of Capita plc, the UK’s leading provider of integrated professional support service solutions. Find out more about Capita Real Estate at http://www.capitaproperty.co.uk/

About Black & Veatch

Black & Veatch is an employee-owned, global leader in building critical human infrastructure in Energy, Water, Telecommunications and Government Services. Since 1915, we have helped our clients improve the lives of people in over 100 countries through consulting, engineering, construction, operations and program management. Our revenues in 2018 were $3.5 billion. Follow us on www.bv.com and in social media.

About Capita

Capita is a leading provider of technology enabled business services, operating across five key markets:

Software; People Solutions; Customer Management; IT and Networks and Government Services. Working across the UK, Europe, India and South Africa, we use our expertise, talent and technology to partner with our clients to transform services and add value for all their stakeholders. Capita is quoted on the London Stock Exchange (CPI.L). Further information on Capita can be found at: http://www.capita.com

Contacts

Black & Veatch:

Malcolm Hallsworth +44 1737 856594; HallsworthM@BV.com; 24-hour media hotline +1 866 496 9149

Capita Press Office, 020 7654 2399; media@capita.co.uk

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Business Wire

INVESTOR ALERT: Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of SAExploration Holdings, Inc. Investors (SAEX)

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BENSALEM, Pa.–(BUSINESS WIRE)–$SAEX–Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased SAExploration Holdings, Inc. (“SAExploration” or the “Company”) (NASDAQ: SAEX) securities between March 15, 2016 and August 15, 2019, inclusive (the “Class Period”). SAExploration investors have until October 17, 2019 to file a lead plaintiff motion.

Investors suffering losses on their SAExploration investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.

On August 15, 2019, SAExploration revealed that certain accounting matters that arose in 2015-2016 were under investigation by the SEC. The Company stated that they would restate its previously issued financial statements for fiscal years 2015 through 2018 and delay filing its 10-Q for the quarter ended June 30, 2019. The Company’s Chief Executive Officer was placed on administrative leave, and its Chief Financial Officer was terminated from his position.

On this news, the Company’s share price fell $1.13 per share, or over 34%, to close at $2.14 per share on August 16, 2019, thereby injuring investors.

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that the Company improperly did not classify Alaska Seismic Ventures, LLC (“ASV”) as a variable interest entity; (2) that the Company had a controlling financial interest in ASV, which required the Company to consolidate ASV in its financial statements; (3) that the Company had deficient internal controls over financial reporting; (4) that these practices were likely to lead to an investigation of the Company by the SEC; (5) that SAExploration would be forced to delay the filing of its quarterly report for the quarter ended June 30, 2019; and (6) that as a result, Defendants’ statements about SAExploration’s business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

If you purchased SAExploration securities have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts

Law Offices of Howard G. Smith

Howard G. Smith, Esquire

215-638-4847

888-638-4847

howardsmith@howardsmithlaw.com

www.howardsmithlaw.com

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Business Wire

Thomas Rodriguez Joins Kleinfelder as Executive Vice President and East Division Director

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EXTON, Pa.–(BUSINESS WIRE)–Kleinfelder announced today that Thomas Rodriguez has joined the firm as Executive Vice President and East Division Director. Rodriguez is a results-driven leader with significant experience directing multi-disciplined operations and leading teams to drive profitable growth. Based in Kleinfelder’s Exton office, Rodriguez will oversee operations throughout Kleinfelder’s East Division.

“Tom will be a significant asset to Kleinfelder’s leadership team as we continue to position our business to best capitalize on existing and emerging market opportunities,” commented Louis Armstrong, President. “His diverse skill sets, experience, and knowledge of our markets will be invaluable as he leads our East Division operations in strategic initiatives that drive growth and create new opportunities for our staff.”

An accomplished professional with versatile experience, Rodriguez has a strong technical foundation in addition to a proven track record in operations management, enterprise risk management, business development, and health and safety stewardship. Having successfully led business operations with over 700 staff and over $150 million in sales and revenue, he has achieved tremendous success delivering growth and profitability through portfolio diversification, enterprise-level marketing and sales campaigns, and reduction of project overruns and claims through effective risk management and quality assurance measures. Maintaining a results and people driven leadership style, Rodriguez underscores the importance of cultivating and retaining staff, coaching and developing new leaders, and emphasizing a high quality, safety-first work culture.

“I have known and admired Kleinfelder’s strong work and market position for many years,” said Rodriguez. “Under the current leadership team and capital structure, we are positioned to provide broader services to our clients, greater career opportunities for our staff, and achieve strong, profitable growth in the months and years ahead. I am proud and excited to be joining this team.”

About Kleinfelder

Founded in 1961, Kleinfelder is an engineering, construction management, design and environmental professional services firm. Kleinfelder operates over 60 office locations in the United States, Canada, and Australia. The company is headquartered in San Diego, California.

Contacts

Dustin Esposito

Marketing and Communications Manager

DEsposito@Kleinfelder.com

(617) 498‐4627

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Business Wire

Deadline Reminder: The Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against International Flavors & Fragrances Inc.

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BENSALEM, Pa.–(BUSINESS WIRE)–$IFF–Law Offices of Howard G. Smith reminds investors of the upcoming October 11, 2019 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased International Flavors & Fragrances Inc. (“IFF” or the “Company”) (NYSE: IFF) securities between May 7, 2018 and August 5, 2019, inclusive (the “Class Period”).

Investors suffering losses on their IFF investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.

On August 5, 2019, after the market closed, the Company disclosed that Frutarom had “made improper payments to representatives of a number of customers” in Russia and Ukraine and that “key members of Frutarom’s senior management at the time were aware of such payments.” The Company also reduced its 2019 financial guidance for sales to a range of $5.15 billion to $5.25 billion, from a range of $5.2 billion to $5.3 billion, and for adjusted earnings per share to a range of $4.85 to $5.05, from $4.90 to $5.10.

On this news, the Company’s share price fell $22.56 per share, or nearly 16%, to close at $118.91 per share on August 6, 2019, on unusually heavy trading volume.

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that Frutarom had bribed customers in Russia and Ukraine; (2) that senior management at Frutarom were aware of such improper payments; (3) that, as a result, Frutarom’s financial results were materially overstated; (4) that, as a result of the improper payments, the Company was reasonably likely to face regulatory scrutiny; (5) that the Company had not completed adequate due diligence before acquiring Frutarom; (6) that, as a result of the foregoing, the Company was unlikely to achieve purported synergies from the acquisition; and (7) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

If you purchased IFF securities during the Class Period you may move the Court no later than October 11, 2019 to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts

Law Offices of Howard G. Smith

Howard G. Smith, Esquire

215-638-4847

888-638-4847

howardsmith@howardsmithlaw.com

www.howardsmithlaw.com

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