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Delivering Innovation
Delivering Innovation

Plants have increasingly scrapped keyboards and mice on the shop floor in favour of a more responsive human machine interface (HMI) approach.
Manufacturers are moving towards an integrated digital operating environment with the industrial internet of things (IIoT) placed firmly at the center of this industrial transformation. Many plants have incrementally upgraded over the years in a bid to embrace digitalization and gain a competitive edge.
Digitalization & Process Modular Systems
In industrial settings, this can typically be achieved by full plant visualization, where all processes in a plant are connected and digitized. This allows managers to optimize plant manufacturing and maintenance based on real-time performance data, which is essential to boost productivity.
For example, within the packaging industry, a connected modular systems architecture offers multiple advantages for plant managers and operators including powerful data analysis, improved quality and targeting areas for efficiency improvement.
A modular system is fabricated, assembled and tested off-site prior to being installed in a new or existing plant. This system would typically include an industrial display, industrial PC and systems controllers.
Modular systems can reduce the time taken to wire and install all the components in a plant, meaning that the initial start-up time is minimized. A shorter project timeline can also reduce overall implementation costs. As technology continues to evolve, future hardware improvements can be managed without the need to replace the entire system at a costly hit to businesses. With a modular system it’s easier to diagnose and fix a problem, meaning operators are burdened with less unplanned downtime.  (Modular equals Quality, Value, Safety, and Schedule Speed.  This is just a comment.)
How do you make the best use of space?
As plants consolidate and grow to become more efficient, space is an important consideration. A modular design makes the most of the space that’s available on the shop floor. It is possible to stack modular units, where a traditional plant layout may not support this versatility.

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Kevin M. Palma

Director

Mr. Palma has served as a Director of the Company since June 2016, and is a member of the Audit and Compensation Committees.

Mr. Palma served as the Chief Financial Officer of B-29 Investments, LP, an energy private equity firm, from 2006 until he was promoted to Chief Operating Officer in December 2018, and also served as the Chief Financial Officer of B-29 Family Holdings, LLC, a family office, since its inception in 2014 until December 2018. In his role within the private equity space, Mr. Palma focuses on investment strategy, investment execution, and portfolio company management for both privately-held and publicly-traded companies.

Mr. Palma currently serves on several private company boards, including Silver Creek Oil and Gas, LLC, Caliber Completion Services, LLC, and Klear Bit Technologies, LLC. His past experiences on private company boards include Crest Pumping Technologies, LLC and TEC Holdings, LLC (which was recently rebranded as AXIS Energy Services, LLC).

Kevin M. Palma

Prior to his roles at B-29, Mr. Palma was a member of the energy investment banking team at Raymond James & Associates, focusing on capital market raises and merger and acquisition activity.

Mr. Palma is licensed as a Certified Public Accountant in the State of Texas, and holds a Master of Business Administration from the Harvard Business School in addition to a Bachelor of Business Administration and a Master of Public Administration from the University of Texas.

Committee Membership: Audit Committee, Compensation Committee

Kevin M. Palma

Director

Kevin M. Palma

Mr. Palma has served as a Director of the Company since June 2016, and is a member of the Audit and Compensation Committees.

Mr. Palma served as the Chief Financial Officer of B-29 Investments, LP, an energy private equity firm, from 2006 until he was promoted to Chief Operating Officer in December 2018, and also served as the Chief Financial Officer of B-29 Family Holdings, LLC, a family office, since its inception in 2014 until December 2018. In his role within the private equity space, Mr. Palma focuses on investment strategy, investment execution, and portfolio company management for both privately-held and publicly-traded companies.

Mr. Palma currently serves on several private company boards, including Silver Creek Oil and Gas, LLC, Caliber Completion Services, LLC, and Klear Bit Technologies, LLC. His past experiences on private company boards include Crest Pumping Technologies, LLC and TEC Holdings, LLC (which was recently rebranded as AXIS Energy Services, LLC).

Prior to his roles at B-29, Mr. Palma was a member of the energy investment banking team at Raymond James & Associates, focusing on capital market raises and merger and acquisition activity.

Mr. Palma is licensed as a Certified Public Accountant in the State of Texas, and holds a Master of Business Administration from the Harvard Business School in addition to a Bachelor of Business Administration and a Master of Public Administration from the University of Texas.

Committee Membership: Audit Committee, Compensation Committee