LANSING—An elementary school that closed in 2000 is being redeveloped into an energy-efficient multi-family housing building with the aid of Property Assessed Clean Energy financing. The building in question, at 1030 S. Holmes St. in Lansing, will see $824,000 financed to add improved heating, ventilation, and air conditioning equipment, better insulation, better windows, better doors,
ANN ARBOR—Esperion Therapeutics Inc. announced the appointment of Sheldon Koenig as president, CEO, and board member, effective immediately. He succeeds Tim Mayleben, whom company officials said “decided to step down” after a decade as the company’s CEO. Mayleben will continue to serve as a senior advisor “to help ensure a smooth transition,” company officials said
SOUTHFIELD—Eaton Corp. announced its eMobility business has been awarded a contract to supply a 24-to-12-volt DC-DC converter for use in a commercial heavy-duty battery electric vehicle (BEV) that will power accessories, such as antilock brakes and lighting. The BEV will be sold in the North American and China markets beginning later this year. “DC-DC converters are an
ROCHESTER HILLS—Fanuc America, a supplier of factory automation and robotics, announced an expansion of its line of high-performance Selective Compliance Assembly Robot Arm (SCARA) robots, offering more reach and payload options to companies with assembly, packaging, pick and place, and inspection processes. Fanuc’s family of 4-axis SCARA robots has grown to include the SR-3iA, SR-6iA, SR-12iA, and new SR-20iA models
GRAND RAPIDS—Compliance Systems, provider of digital compliance documentation, announced a mobile-enabled online account openings, which allows financial institution customers and members to open accounts up to 10 times faster. The software streamlines documents and hosts unique content such as embedded videos and tutorials to help financial institutions build relationships that consumer and commercial deposit customers
SOUTHFIELD–Trent Schmitz, 23, graduated from Lawrence Technological University May 8 with a Master of Architecture degree, a requirement for licensing as a professional architect. And sometime in the next few weeks, Schmitz, of Southfield, will become the youngest licensed architect in the state of Michigan, and possibly the youngest in the country Lawrence Tech is one
JACKSON—Four environmental organizations around Michigan are the recipients of the Consumers Energy Foundation’s second annual Planet Awards. “Consumers Energy is dedicated to ensuring Michigan has world-class natural resources, and this means supporting the natural beauty that can be found throughout the state,” said Brandon Hofmeister, president of the Consumers Energy Foundation. “Out of an overwhelming
TRAVERSE CITY—Atlas Space Operations announced the addition of five new ground stations to its growing global satellite ground control network. The new antennas in New Zealand, Australia, Scotland, Alaska, and an upcoming commissioning in Dubai, represent a dramatic increase in Atlas’ global footprint and network capacity. The move is expected to bolster global antenna coverage
SOUTHFIELD—Explosive growth in the use of artificial intelligence technologies in a wide variety of industries, such as automotive, healthcare, retail, finance, science and manufacturing, has led Lawrence Technological University to create a new degree, the Master of Science in Artificial Intelligence. AI and big data are now being successfully used in the battle against the
ANN ARBOR—Esperion Therapeutics, developers of a novel class of cholesterol-reducing drugs, announced that an investor group led by New York City-based Oberland Capital Management LLC agreed to provide the third and final tranche of funding under the revenue-based funding agreement totaling $50 million. The remaining funds are being released sooner than expected and in parallel
