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CHINT NB2 SERIES OF SMART MCBs BENEFIT A LOW-CARBON-BASED ECONOMY IN UAE

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2 years ago

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DUBAI, UAE, June 24, 2024 /PRNewswire/ — UAE’s government has promised to develop a low-Carbon-based Economy to protect the environment and achieve less green house emission. A series of initiatives and policies have been announced to fulfill the commitment, like the UAE’s vision 2021, Green Agenda 2030 as well as the National Climate Change plan 2050 and other related actions are also included.

CHINT, as a global provider of intelligent energy solutions across the entire industrial chain, continues to promote its NB2 series of smart MCBs this year in the market of UAE. These breakers enable precise and controllable electricity usage. All these contribute significantly to businesses’ green and low-carbon development and help reduce energy consumption for a low-Carbon-based Economy in UAE.

The NB2 series boasts three primary advantages: safety, intelligence, and easy setup. They effectively prevent overload and short-circuit incidents, offer remote control and management of electrical equipment, and promote intelligent management of these devices.

MCBs can now measure voltage, current, power, and can have remote monitoring and control using communications protocols. And provide overload, short circuit, under and over voltage protection and earth leakage where applicable.

For Supermarkets and Stores

Common issues: Normally, supermarkets and stores like Spinneys only address electrical issues after a fault has occurred, which means the circuit safety risks cannot be found in time. Chain stores are scattered, making maintenance time-consuming and inconvenient. Lights remain on after the store closes, wasting electricity.

NB2 Solutions: Monitor electric parameters like current and voltage in real-time to detect issues early. If a fault occurs, NB2 automatically sends an alarm signal to the control platform, which is faster than manual reporting.

Remote control of lights, LEDs and signboard light boxes is possible with the NB2 solution, making management more convenient and reducing power waste. A large fast food chain with 1000 stores has completed LOT intelligent transformation.

For Smart Streetlights

Common issues: Numerous streetlights are spread out, making it difficult to detect faults promptly. There’s also the problem of electricity theft.

NB2 Solutions: We can remotely turn smart streetlights on and off via NB2, for instance, re-closing after a leakage trip. Shorten maintenance time through fault location and alarm, thereby reducing traffic hazards caused by poor lighting.

Also, we can detect whether there is electricity theft using the power metering function, and allow for remote disconnection to prevent such actions.

For Residential PV and Commercial Buildings

Common issues: Electrical problems are usually addressed only after they occur, making prevention challenging. Unattended areas where lights or air conditioning are left on, lead to wastage. Commercial EV charging stations need billing.

NB2 Solutions: Monitor parameters like current and voltage to detect electrical issues promptly. Remote control of NB2 MCBs reduces energy consumption for commercial buildings like Mall of the Emirates. The solution enables data acquisition for solar energy generation and energy storage, and energy metering for EV charging stations.

Coupled with intelligent systems, it allows for energy efficiency analysis, which allows us to make more appropriate electricity usage plans. In UAE, this solution can be successfully applied to multiple office buildings, villas, and other scenarios.

For Campuses and Public Rental Housing

Common issues: Electrical faults are challenging to predict, posing dangers in densely populated areas. Dangerous high-power appliances are difficult to control.

NB2 Solutions: Offer various protective features against issues like overload, short-circuit, under-voltage,over-voltage, frequency discrepancies, and phase loss. NB2 can automatically detect whether the leakage protection function is normal at regular intervals.

Via energy metering function, we can find out whether the dormitory is using potentially dangerous high-power appliances, and detects any unusual electricity consumption patterns.

UAE’s government encourage business to introduce more climate change related best practices to support climate actions. As a well-known and environmentally friendly company, CHINT’s NB2 series of smart MCBs can be extensively used in scenarios that require electricity control and energy metering with less waste of energy. In the future, CHINT will continue to delve deeper into the field of intelligent power distribution, bringing applicable users solutions that are even more tailored to the specific needs in UAE market.

Photo – https://mma.prnewswire.com/media/2444640/NB2_Series.jpg 

View original content:https://www.prnewswire.co.uk/news-releases/chint-nb2-series-of-smart-mcbs-benefit-a-low-carbon-based-economy-in-uae-302178963.html

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XLCS Partners advises Concurrent Utility Services on sale to UniTek Global Services

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3 minutes ago

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July 23, 2026

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NASHVILLE, Tenn., July 23, 2026 /PRNewswire/ — XLCS Partners, Inc., a leading middle market investment bank, is pleased to announce that it served as exclusive M&A advisor to Concurrent Utility Services LLC on its acquisition by UniTek Global Services, Inc., a portfolio company of New Mountain Finance Corporation (Nasdaq: NMFC) and its affiliates, and BTG Pactual Strategic Capital.

Headquartered in Miami, Florida, Concurrent is a licensed general and electrical contractor providing infrastructure development and maintenance services to electric utilities, telecom providers, and land developers throughout the Southeast United States. The company’s capabilities span overhead and underground utility construction, professional telecom services, emergency service restoration, in-building networks, environmental services, and data center development. Backed by a safety-first culture and an experienced workforce, Concurrent has built a strong regional platform and a reputation for quality across the markets it serves.

UniTek is a leading digital infrastructure services provider supporting the expansion of fiber and data center connectivity across the U.S. and Canada. With over 600 employees and 60 locations, UniTek delivers a full suite of infrastructure services. The acquisition of Concurrent accelerates UniTek’s Power Services Division, which launched in July 2025 to broaden the company’s maintenance, repair, upgrade, and new infrastructure development services for the power sector. Concurrent’s established Southeast footprint and power capabilities directly complement UniTek’s existing broadband and data center infrastructure platform, positioning the combined company to capitalize on growing demand for resilient, modernized power infrastructure. Concurrent will continue to operate under its established brand, maintaining uninterrupted service for its customers.

“Selling Concurrent was one of the biggest decisions of my career, and Anthony, Jay, and the XLCS team guided us through every step with professionalism and genuine care for our people,” said Steve Sarno, CEO of Concurrent. “They stayed fully engaged throughout, gave us honest and thoughtful advice, kept our best interests front and center, and delivered an outcome that exceeded our expectations. I would recommend them without hesitation to any owner considering a transaction.”

XLCS acted as the exclusive M&A advisor to Concurrent, and the transaction was led by Anthony Contaldo, Partner, and Jay Cremer, Vice President. The transaction was completed on July 1, 2026.

About XLCS Partners, Inc.

XLCS Partners is a leading global investment banking firm providing M&A advisory services. Visit www.xlcspartners.com for more information.

Media Contact: 
Kendra Span 
kspan@xlcspartners.com
615-379-7783

View original content to download multimedia:https://www.prnewswire.com/news-releases/xlcs-partners-advises-concurrent-utility-services-on-sale-to-unitek-global-services-302833542.html

SOURCE XLCS Partners, Inc.

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XLCS Partners advises Concurrent Utility Services on sale to UniTek Global Services

Published

3 minutes ago

on

July 23, 2026

By

NASHVILLE, Tenn., July 23, 2026 /PRNewswire/ — XLCS Partners, Inc., a leading middle market investment bank, is pleased to announce that it served as exclusive M&A advisor to Concurrent Utility Services LLC on its acquisition by UniTek Global Services, Inc., a portfolio company of New Mountain Finance Corporation (Nasdaq: NMFC) and its affiliates, and BTG Pactual Strategic Capital.

Headquartered in Miami, Florida, Concurrent is a licensed general and electrical contractor providing infrastructure development and maintenance services to electric utilities, telecom providers, and land developers throughout the Southeast United States. The company’s capabilities span overhead and underground utility construction, professional telecom services, emergency service restoration, in-building networks, environmental services, and data center development. Backed by a safety-first culture and an experienced workforce, Concurrent has built a strong regional platform and a reputation for quality across the markets it serves.

UniTek is a leading digital infrastructure services provider supporting the expansion of fiber and data center connectivity across the U.S. and Canada. With over 600 employees and 60 locations, UniTek delivers a full suite of infrastructure services. The acquisition of Concurrent accelerates UniTek’s Power Services Division, which launched in July 2025 to broaden the company’s maintenance, repair, upgrade, and new infrastructure development services for the power sector. Concurrent’s established Southeast footprint and power capabilities directly complement UniTek’s existing broadband and data center infrastructure platform, positioning the combined company to capitalize on growing demand for resilient, modernized power infrastructure. Concurrent will continue to operate under its established brand, maintaining uninterrupted service for its customers.

“Selling Concurrent was one of the biggest decisions of my career, and Anthony, Jay, and the XLCS team guided us through every step with professionalism and genuine care for our people,” said Steve Sarno, CEO of Concurrent. “They stayed fully engaged throughout, gave us honest and thoughtful advice, kept our best interests front and center, and delivered an outcome that exceeded our expectations. I would recommend them without hesitation to any owner considering a transaction.”

XLCS acted as the exclusive M&A advisor to Concurrent, and the transaction was led by Anthony Contaldo, Partner, and Jay Cremer, Vice President. The transaction was completed on July 1, 2026.

About XLCS Partners, Inc.

XLCS Partners is a leading global investment banking firm providing M&A advisory services. Visit www.xlcspartners.com for more information.

Media Contact: 
Kendra Span 
kspan@xlcspartners.com
615-379-7783

View original content to download multimedia:https://www.prnewswire.com/news-releases/xlcs-partners-advises-concurrent-utility-services-on-sale-to-unitek-global-services-302833542.html

SOURCE XLCS Partners, Inc.

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Fathom Applauds Introduction of the FRONTIER Act, the First Federal Blueprint for Independent AI Verification

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3 minutes ago

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July 23, 2026

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Reps. Lori Trahan (D-MA-03) and Jay Obernolte (R-CA-23) introduce a bill to build a competitive marketplace of independent verifiers for frontier AI models.

WASHINGTON, July 23, 2026 /PRNewswire/ — Fathom welcomes the introduction of the FRONTIER Act, the most complete federal framework yet for independent, third-party verification of frontier AI. The legislation is built to earn public trust as AI technology continues to accelerate. As frontier systems begin to take autonomous action in the world, the gap between what these models can do and our ability to keep them in check is widening. FRONTIER is the starting point to close that gap.

“AI governance keeps running into the same wall. The technology is hard to measure and it moves faster than any law can keep up with,” said Andrew Freedman, Co-Founder and CEO of Fathom. “Trying to write the perfect rules and freezing them in place won’t work. What will work is a competitive market of independent verifiers who are accountable for real-world outcomes and who the government can actually count on. The FRONTIER Act shows we can move fast and still get this right.”

The bill gets the fundamentals correct. It sets one public standard – the adequate mitigation of catastrophic risk – and holds both the AI companies and their independent verifiers accountable to it. FRONTIER does not freeze a single testing method into statute. Instead, it licenses competing verification organizations, allows them to sharpen their methods, and gives the government the power to revoke a license when a verifier’s work does not hold up in the field. That is how you build a system that keeps pace with the science instead of falling behind it.

Fathom thanks Reps. Trahan and Obernolte for their leadership, and for their courage in releasing a discussion draft, inviting scrutiny, and incorporating substantive improvements from across the field. One priority improvement as the bill advances: giving the government a fuller range of tools to act upstream – for pushing companies to close identified gaps in risk mitigation early, rather than only once a catastrophe is imminent. We are committed to working with these sponsors, committees of jurisdiction, and Congressional leadership to continue refining the bill in the weeks and months ahead.

About Fathom
Fathom is an independent nonprofit whose mission is to build a governance architecture that helps society navigate the transition to a world with AI by fostering trust, safety, and innovation. Fathom has developed and championed the independent verification model for AI and works with policymakers across the country to put it into practice. Learn more at http://fathom.org.

View original content to download multimedia:https://www.prnewswire.com/news-releases/fathom-applauds-introduction-of-the-frontier-act-the-first-federal-blueprint-for-independent-ai-verification-302833546.html

SOURCE Fathom AI Inc.

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