Lynxspring, Inc. Announces Buyout of Investor, Larson Binkley, Inc.
Lee's Summit, MO -
January 7, 2009 -
FOR IMMEDIATE RELEASE:
Lynxspring, Inc. Announces Buyout of Investor, Larson Binkley, Inc.
Lee's Summit, MO - January 7, 2009
Effective December 30, 2008, Lynxspring, Inc. management, in agreement with Larson Binkley, Inc., purchased all Lynxspring common stock held by Larson Binkley. The parting of the two companies enables Lynxspring to pursue their interests without encumbrances.
Terry Swope, President of Lynxspring, Inc., and Chris Larson, President of Larson Binkley, Inc., have worked with each other for 17 years. "Change is inevitable and I am encouraged by the opportunity that this change brings for both companies," Terry said.
Chris Larson commented, "Under LBI's watch, Lynxspring has grown into a viable company addressing advanced energy management and controls issues in a number of markets. We look forward to maintaining a strong working relationship with Lynxspring."
About Lynxspring®
Lynxspring, founded in 2001, is a leading technology company addressing building energy management and automation control. Using Tridium's NiagaraAX software in an embedded platform, Lynxspring manufactures and distributes JENEsys™ , an Internet-based integration and interoperability open modular platform, combining automation infrastructure technology and device-to-enterprise integration solutions.
Our technologies extend connectivity, integration and interoperability to the millions of devices deployed in the market today, and empowers the development of intelligent equipment systems and smart devices that enable collaboration and communication between the enterprise and edge assets.
JENEsys™ is a framework that integrates diverse systems and devices, regardless of manufacturer or communication protocol, into a unified platform that is easily managed and controlled over the Internet using a standard web browser.
Today, there are multiple partners operating throughout the United States, Canada and Mexico installing applications that include: energy and sustainability management, intelligent building automation, M2M, security automation, lighting control, convergence retailing and smart facilities management.
Lynxspring - Solutions and Technology Converge
www.lynxspring.com
About Larson Binkley, Inc.
Founded in 1987, Larson Binkley provides mechanical and electrical engineering and plumbing design services nationwide for retail stores, restaurants, schools, offices, data centers, laboratories, and high performance buildings.
Designing and implementing state-of-the-art technology is one of Larson Binkley's highest priorities. Larson Binkley developed custom Internet-based project management software in-house to control a large volume of projects and deadlines, including multiple projects for national clients. Project managers can access comprehensive information on the current status of each ongoing project. Automated alerts are provided as the project passes from one phase or discipline to another. Clients can call at any time and expect to receive prompt updates on the status of their projects.
Integrated into the project management system is a formal, extensive quality control program. Drawings are evaluated in several stages by senior principals with hands-on field experience in construction trades in addition to 25-30 years in engineering design. This practical experience contributes to a project change order cost percentage below industry standards, which is critical to keeping projects on schedule and within budget.
Engineers registered in 49 states with thorough knowledge of codes and design criteria in multiple jurisdictions give Larson Binkley the ability to expedite projects through local approval and permitting processes. This makes Larson Binkley a valuable design team member for prototype development and site-adapting existing prototype designs to a variety of locations and conditions.
Always on the lookout for new trends, Larson Binkley has vast experience in the design of several innovative, alternative technologies for HVAC, indoor air quality, and water efficiency. The firm's designs incorporate environmentally responsible design principles into all projects. Larson Binkley participates in internationally recognized organizations that promote sustainable design, including the U.S. Green Building Council and ASHRAE (American Society of Heating, Refrigerating and Air Conditioning Engineers). The firm has been honored with national-level awards and been a partner on many LEED certified projects.
Key leaders of Larson Binkley speak nationally on a variety of topics relevant to the built environment. Articles authored by Larson Binkley engineers on similar topics have appeared in various industry trade publications.
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