MRC Team Delivers Financing Solution to The Continuum Company on Accelerated Basis, Closing Quickly

NEW YORK, June 11, 2018 (GLOBE NEWSWIRE) — Madison Realty Capital (MRC) closed a $167.5 million first mortgage loan collateralized by Madison Square Park Tower, a luxury condominium development located at 45 East 22^nd Street in the Madison Square Park neighborhood of Manhattan.  In a complex multi-party transaction MRC rapidly delivered financing to Ian Bruce Eichner of The Continuum Company, which resolved a dispute with previous partners.

The financing paves the way for the borrower to continue the successfully ongoing condominium sales process at Madison Square Park Tower.  To date, Madison Square Park Tower has sold 58 units for a total of approximately $400 million.

“With this transaction we have streamlined the capital stack and provided Continuum with the flexibility needed to maintain the current sales at this one-of-a-kind development,” said Josh Zegen, Co-Founder and Managing Principal of MRC.  “Our hallmarks – speed, flexibility, and certainty of execution in complex situations, supported by thorough and diligent underwriting – are all on display through this deal and we’re pleased to facilitate the borrower’s business plan by providing the necessary financing.”

Madison Square Park Tower is among the most desirable addresses in the market, and almost impossible to replicate given the accumulation of air rights required to build it.  Prominently located in the Flatiron District, Madison Square Park Tower offers the highest available views of Madison Square Park, as well as unobstructed views of the East River, the Hudson River, World Trade Center, and the Statue of Liberty.

The project is led by a best-in-class development team including Plaza Construction as general contractor, Kohn Peterson Fox Associates as design architect, HWA as executive architect, and the Eklund Gomes Team of Douglas Elliman as the residential sales brokerage team.  Transforming the downtown skyline, the soaring 83-unit tower is a sculptural glass silhouette standing at 65 stories and rising 777 feet.  The striking exterior wraps around modern, elegant interiors designed by the celebrated Martin Brudnizki Design Studio.  Floor-to-ceiling windows enhance the dramatic views.

The collection of amenities throughout five floors consists of a fitness center with boxing and private training suite, golf simulator, basketball court, children’s playroom, library, billiards, cards room, terrace with outdoor grill, and two gracious entertaining spaces including Fifty Four, a lounge and catering kitchen on the fifty-fourth floor.

About Madison Realty Capital (MRC)
MRC is a New York-based real estate investment firm that pursues real estate equity and debt investments in the middle market.  Founded in 2004, MRC has invested in approximately $8.0 billion of transactions in the multifamily, retail, office, industrial and hotel sectors.

Media inquiries, contact
Great Ink Communications: (212) 741-2977
Tom Nolan –  tom@greatink.com
Eric Waters – eric.waters@greatink.com

Groundbreaking Evidence on Salt and Health

Park City, Utah, USA, June 11, 2018 (GLOBE NEWSWIRE) — The Tenth World Salt Symposium will be held June 19-21, 2018 in Park City, Utah, and will feature nearly 100 presentations from around the globe covering all topics related to salt. Starting in the 1960’s, people from around the world have gathered to share information on the health benefits and uses of salt, salt mining practices, and solar salt production. The last such meeting was held in Beijing, China in 2009. The extended period between these conferences ensures a far-reaching and inclusive technical content. This is, without doubt, the most important international meeting focused on the subject of salt with 500 international visitors registered to attend.

Organized and hosted by the Salt Institute, in cooperation with several other salt organizations around the world, the World Salt Symposium focuses on the latest research and development in the international salt sector. It covers a wide spectrum of subjects, embracing the science, engineering, technology, economics and history of all forms of sodium chloride salt and their uses. As a broad international platform, the 2018 World Salt Symposium will enable researchers, producers and users of salt to become acquainted with the latest developments and technologies in this important industrial area.

Four of the world’s top scientists on cardiovascular health outcomes will gather for a frank discussion on salt and health. They will focus on the need for large randomized controlled trials on the impact of salt on health outcomes before any population wide sodium reduction recommendation can be made. The panel will include Dr. Michael H. Alderman, MD, Albert Einstein College of Medicine, Dr. Andrew Mente PhD, MA, McMaster University, David A. McCarron, MD, FACP, FAHA, University of California, Davis, and Professor Jan A. Staessen, MD, PhD, University of Leuven.

Other topics will include the importance of iodized salt for thyroid health, new technology in winter maintenance for environmental road salting, and new techniques in various types of salt production. The last category will include mine safety. Experts will present on issues ranging from the history of salt production in the ancient world to maintaining the integrity of modern salt caves used to store the US Strategic Petroleum Reserve.

“We are pleased to bring the World Salt Symposium back to the United States and to host this important event. The Salt Institute is also happy to announce that we have made our 55-year-old World Salt Symposia archive available on a new website that will serve as a permanent and public archive of all past and future papers presented at World Salt Symposia,” said Lori Roman, President of the Salt Institute. Keynote sessions will be live streamed on the World salt Symposium YouTube page (http://bit.ly/salt2018). Learn more and see the full agenda at www.worldsaltsymposium.org

—30—

The Salt Institute is a North American based non-profit trade association dedicated to advancing the many benefits of salt, particularly to ensure winter roadway safety, quality water and healthy nutrition.

Jorge Amselle
Salt Institute
703-896-0131
jorge@saltinstitute.org

Scalable Multi-threaded, Multi-core, Multi-cluster IP core designed for safety critical systems in an autonomous age, raises the bar on Functional Safety

SANTA CLARA, Calif., June 11, 2018 (GLOBE NEWSWIRE) — MIPS, provider of the widely used MIPS processor architecture and IP cores for licensing, today announced that its I6500-F CPU IP core, designed as a Safety Element out of Context (SEooC), is the first high performance 64 bit multi-cluster CPU IP to receive formal certification of compliance for ASIL B [D], based on ISO 26262: 1^st edition 2011 (&DIS 2nd Edition 2018) and IEC 61508 SIL 2. The core was certified by Resiltech, a leader in certification of safety-related products for automotive and industrial applications.

“The I6500-F has been successfully assessed to be compliant to the latest ISO 26262 [including DIS ISO 26262, 2^nd edition] and IEC 61508 safety standard and the MIPS team has followed the safety requirements, not only to address quantitative requirements for random failures for ASIL B [D], but also to achieve compliance regarding the systematic failure requirements. The safety compliance and the resulting safety cases will be of great value to the component vendors,” said Dr. Francesco Rossi, Automotive Safety Solutions Manager, Resiltech s.r.l

“Unlike ‘ASIL B/D ready’ solutions, the MIPS I6500-F has been developed as a SEooC, based on ASIL B [D] decomposition, for items targeting ASIL D automotive applications and delivers both safety and performance, an essential combination for extremely high system efficiency, scalable computing and compute-intensive tasks,” said David Lau, MIPS’ Vice President of Engineering. “The I6500-F is one of a new class of MIPS CPUs designed to ‘FortifAI’ next-generation intelligent applications. This ASIL B (D) SEooCs certification helps our customers significantly de-risk and accelerate certification at the SoC level.”

The MIPS I6500-F addresses the critical FuSa requirements for a wide range of automotive Human Machine Interface and ADAS/autonomous vehicle applications. These include speech and gesture recognition, eye tracking, driver monitoring, virtual assistance, and natural language interfaces, as well as camera-based machine vision, radar-based detection units, driver condition evaluation, and sensor fusion ECUs.

The MIPS I6500-F comes with a complete safety package, including all the required safety cases, quantitative safety analysis based on FMEDA, and safety analysis report summarizing the FMEDA analysis results and functional safety audit for addressing requirements for systematic failures.

“The I6500-F core from MIPS has helped us to reach new levels of performance, opening our platform and meeting our un-compromised functional safety goals,” said Elchanan Rushinek, Vice President, Engineering at Mobileye. “This certification underscores not only MIPS’ leading commitment to Functional Safety, but also to its partners and customers who rely on MIPS technology in highly intelligent and autonomous applications. We are continuing our collaboration with MIPS on FuSa compliance on our open platform.”

About MIPS

MIPS is a leading provider of processor architectures and IP cores that drive some of the world’s most popular products. With the streamlined MIPS RISC architecture and CPU cores, customers can build highly efficient, scalable, and trusted products across a wide range of performance points – from the IoT edge to high-end networking equipment, and everything in between. MIPS leads the industry with Multi-Threading capabilities for optimal application performance and efficiency. Originally founded in 1984 as MIPS Computer Systems Inc. by researchers from Stanford University, MIPS today is an independent company focused on processing innovations for a new generation of intelligent, connected devices. MIPS designs have shipped in billions of units across the globe and have even reached the outer edges of our solar system. The company is headquartered in Santa Clara, Calif., with offices worldwide. www.mips.com

MIPS and the MIPS logo are trademarks of MIPS in the United States and/or other countries. All other logos, products and trademarks are the property of their respective owners.

Media Contacts:
Corridor Communications, Inc.
Phyllis Grabot, +1 805.341.7269
info@corridorcomms.com

With 8,000+ attendees and 120+ exhibitors now expected, Blockchain World Conference will be the largest-ever conference in the crypto space by all measures

ATLANTIC CITY, N.J., June 11, 2018 (GLOBE NEWSWIRE) — via CryptoCurrencyWire – Blockchain World Conference, a global brand committed to producing the highest quality crypto-oriented events, today announces its tremendous success in securing an unprecedent number of accredited investors and powerful list of world-renowned speakers for the upcoming Blockchain World Conference. Produced by BWC Events this three-day conference is scheduled for July 11-13, 2018, and it will take place at the world-famous Harrah’s Resort in Atlantic City, NJ.

Blockchain World Conference brings together the most compelling lineup of blockchain and crypto experts ever to unite in a single event. Industry experts, scientists, analysts, educators and leaders will appear on stage for the biggest and most transformative blockchain industry event the world has ever seen.

At Blockchain World Conference, attendees will have the unique opportunity to:

• Meet and greet with leading blockchain developers
• Network with blockchain enthusiasts, investors and businesses
• Learn about the future of blockchain development
• Discover blockchain startups and businesses utilizing ICO crowdfunding
• Hear how to increase the security of crypto-assets
• And much more!

The event will be packed with presentations, panel discussions, educational seminars, industry addresses, invaluable networking events, exhibits and more. The conference will be capped by a keynote address delivered by “the bad boy of blockchain,” John McAfee. Unforgettable fun will also be woven in throughout the three-day conference with VIP suite parties, golf outings, dance parties and much more. Take advantage of life-changing networking opportunities as you enjoy the sites and sounds of the exciting Atlantic City!

“There is simply nowhere else on earth where you can learn more and gain more than at the Blockchain World Conference,” said Alex Falcone, Chief Operating Officer of Blockchain World Conference. “Don’t miss this once-in-a-lifetime opportunity to be part of blockchain history as the world’s best and brightest blockchain and fintech leaders come together. With just over a month to go before the event, thousands of tickets have already been sold and full sellout is imminent. Don’t miss this opportunity!”

Blockchain World Conference anticipates featuring more than 120 exhibitors housed in 50,000 square feet of exhibit space. More than 8,000 attendees are expected representing over 42 countries, and more than 25,000 global viewers will also tune in for live streaming.

Special Discount for Live Streaming Worldwide and On-Site Attendance

To save 10% on any ticket, including VIP, use the following hyperlink: 10% OFF Blockchain World Conference (or enter promo code CRYPTOBWC at checkout).

Additional information about the conference can be found at www.BWCevent.com

About BWC Events

BWC Events recognizes that the brave new world of blockchain is evolving at a breakneck pace and that the technology behind blockchain itself has the potential to touch, and significantly impact, virtually every imaginable human endeavor.

This event organizer firmly believes an industry united is an industry strong and that the blockchain industry will benefit greatly from improved cohesiveness of collective mindset. BWC Events aims to grow the global acceptance of blockchain technologies by creating and enhancing awareness of the benefits of blockchain and by growing the reach and breadth of crypto awareness. Everyone is welcomed to join the growing movement to bring blockchain to new heights of awareness and to extend its reach far into new areas of society and industry.

BWC Events
www.BWCevent.com
Philadelphia, Pennsylvania
info@BWCevent.com
657.464.7195 Office

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CryptoCurrencyWire (CCW)
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