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RRD China Secures Double Honors at the 14th China Philanthropy Festival and ESG Summit

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BEIJING, Feb. 10, 2025 /PRNewswire/ — A news report from SYOBSERVE: The 14th China Philanthropy Festival and ESG Summit successfully wrapped up on January 10th in Beijing. RRD China earned the “ESG Model Enterprise” award and “Public Welfare Case of the Year” for its outstanding performance in environmental, social and governance practices.

Ye Yi, President of RRD APAC, shared valuable perspectives during an interview. She elaborated on the company’s strategic initiatives and achievements in the ESG realm, demonstrating how RRD China balances sustainability and business growth.

Sustainable Management: From Vision to Action

Ms. Ye said in the interview, “Sustainability is not about short-term gains but about creating long-term values. For thirty years, RRD has embedded the principles of environmental protection and sustainability into its corporate strategy in China. From product design to production, the company is committed to creating a green ecological loop through material certification, energy conservation, emission reduction, renewable energy use, and waste management.”

In 2023, RRD China achieved a 44% reduction of manufacturing combined Scope 1 and 2 greenhouse gas emissions, using 2022 as a baseline, and has pledged a 25% reduction globally over the next decade. Notably, 70% of our Chinese facilities operate on 100% renewable energy, with nearly one-third earning the “UL Zero Waste Land Fill” Platinum certification.

People-Centric Approach: Commitment to Employees and Society

“People-oriented” is a fundamental value at RRD. Ms. Ye underscored the company’s commitment to employee health and safety, offering a comprehensive protection system that includes upgraded infrastructure, psychological support, and regular inspections. The company supports employee career development through academic-industry partnerships, nationwide campus recruitment, and a series of training programs. Women comprise 44% of the workforce and over 45% of management, highlighting the dedication to diversity.

In its commitment to social responsibility, RRD’s community engagement team, established in 2013, has led initiatives in education support, environmental stewardship, and poverty alleviation. Its “Just Cleanup!” environmental campaign won “Public Welfare Case of the Year” at the conference.

Green Supply Chain: Balancing Ecology and Resilience

“At RRD, we view a sustainable supply chain as both a commitment to environmental stewardship and a cornerstone of our competitive edge,” stated Ms. Ye. We have established a responsible supply chain that spans the gamut from raw materials to finished products by implementing a strict supplier code of conduct and by utilizing renewable, biodegradable materials in conjunction with efficient processes. Additionally, we are committed to enhancing diversity and inclusion throughout our supply chain by partnering with a broad range of small and medium-sized businesses, supporting their development, and contributing to the overall resilience of our supply operations.

Innovation-Driven Growth: A Win-Win for the Environment and Business

We celebrate RRD’s 160th anniversary in 2024. As we reflect on RRD’s history, innovation kept continuous growth and evolving. The company has established multiple R&D centers dedicated to developing eco-friendly materials and technologies. Its innovative products such as Roligh® degradable materials and FO2 pure vegetable oil inks significantly reduce environmental impact while offering diverse options for customers.

Ms. Ye noted, “Through innovation, we aim to make green development a driver of sustainable growth.” By employing lightweight packaging and low-consumption processes, the company has reduced material use while enhancing product performance, earning accolades in numerous domestic and international competitions.

Looking Ahead: Embracing Responsibility and Collaboration

At the conclusion of the interview, Ms. Ye remarked: “Sustainability is a long-term mission that demands the united efforts of businesses, society, and consumers alike.” RRD remains committed to advancing its philosophy of green innovation and working collaboratively with partners to steer the industry toward a more sustainable and eco-friendly future.

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SOURCE syobserve

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

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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

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

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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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