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Nuvectis Pharma's NXP900: Could This Revolutionary Cancer "Inactivator" Transform Oncology Treatment?

Global Markets News

Investors seeking the next breakthrough in precision oncology may want to take note of Nuvectis Pharma (NASDAQ: NVCT)*, a clinical-stage biopharmaceutical company developing, among other candidates, NXP900 - which a a new analysis is describing not merely as a cancer inhibitor, but a complete cancer pathway "inactivator." The new analysis, published on notable investment newsletter “ Truffle Pigs ”, provided a comprehensive review of Nuvectis Pharma’s NXP900. Beyond Traditional Inhibition According to the Truffle Pigs blog, NXP900 represents something entirely new in cancer treatment. Unlike traditional kinase inhibitors that merely slow cancer signaling, NXP900 is characterized as the "first SRC kinase inactivator" - a distinction that could prove crucial in the fight against resistant cancers. The analysis highlights that NXP900 functions as a "type 1.5 inhibitor" that locks the SRC kinase in its inactive state, effectively shutting down all cancer signaling pathways and keeping them disabled between doses. This complete inactivation mechanism potentially offers a significant leap beyond current therapies. Promising Clinical Data Recent data presented at the 2025 American Association for Cancer Research (AACR) meeting appears to support this thesis. According to the analysis, NXP900 demonstrated: Perhaps most intriguing were results showing that when combined with AstraZeneca's blockbuster drug osimertinib (Tagrisso), NXP900 demonstrated significant tumor regression and extended tumor control even after treatment ended - suggesting potential for durable responses or even complete responses in certain patients. Dual Market Opportunity The analysis notes two major market opportunities for NXP900: Single-agent therapy for SRC/YES1-driven tumors, potentially addressing approximately 20,000 lung cancer patients annually Combination therapy for overcoming acquired resistance to targeted drugs like osimertinib (EGFR) or lorlatinib (ALK), potentially addressing up to 70,000 non-small cell lung cancer patients annually While established companies like AstraZeneca generate nearly $7 billion annually from Tagrisso targeting approximately 20,000 new EGFR-mutated patients each year, Truffle Pigs' analysis suggests NXP900's broader applicability could potentially drive peak sales of $12-15 billion across various cancer indications. Investor Perspective With only 23 million shares outstanding and a current market cap of 219 million, Nuvectis represents a high-risk, high-reward opportunity typical of early-stage biotech. The company recently raised capital through a public offering of common stock, extending its cash runway into 2027 on what many would consider impressive terms given the market backdrop. Phase 1b trials targeting biomarker-selected cancers are expected to commence shortly, with potential clinical response data anticipated later this year.Notably, the original blog highlighted that that while the author held a position in Nuvectis Pharma (NASDAQ: NVCT), he was not compensated to write or publish the content. In other words, one might say that the author has “skin in the game”. As with all development-stage biotechnology companies, significant risks remain. analysis appropriately notes that as with all companies in the field - regulatory approval hurdles, high clinical failure rates, capital intensity, potential market competition, uncertain revenue streams, and broader economic factors all present considerable risks that investors should take into account when conducting their due dilligence. The full Truffle Pigs Blog post is available here: https://trufflepigs.substack.com/p/nuvectis-pharmas-nxp900-the-first Recent News From Nuvectis Pharma Nuvectis Pharma Provides Poster Presentation Highlights for NXP900 from the 2025 AACR Meeting Nuvectis Pharma Announces Upcoming Presentations for NXP900 at the 2025 American Association for Cancer Research Meeting Nuvectis Pharma Announces a New Publication of a Research Study Demonstrating that the Combination of NXP900 and EGFR Inhibitors Improves the Efficacy of the EGFR Inhibitors in Preclinical Models of EGFR Mutated NSCLC Legal Disclaimer & Disclosure: Nothing in this report constitutes financial or investment advice, nor does it represent an offer to buy or sell securities. This alert is published by Wall Street Wire™, a promotional content network and platform serving issuers around the globa. The operators of Wall Street Wire are not registered brokers, dealers, or investment advisers. This distribution is paid promotional content related to Nuvectis Pharma and was produced as part of their paid subscription to Wall Street Wire. This report has not been reviewed or approved by Nuvectis Pharma prior to publication. Please review the full disclaimers and compensation disclosures here: redditwire.com/terms. Readers are advised to refer to the full original blog post mentioned in the report and the disclosures it may be subject to. Contact Details WALL STREET WIRE Editorial Desk media.globalmarkets@gmail.com

May 05, 2025 01:59 PM Eastern Daylight Time

More than 500 Groups Urge Congress to Support the New Markets Tax Credit

New Markets Tax Credit Coalition

Today, over 500 businesses, community development organizations, investors, lenders, nonprofits, trade associations and other organizations sent a letter urging Congress to support and pass the bipartisan New Markets Tax Credit (NMTC) Extension Act of 2025 (S. 479 / H.R. 1103). This legislation would make the NMTC a permanent fixture in the tax code, ensuring continued investment in economically distressed communities across the United States. The NMTC has a track record of more than 20 years of financing small businesses, health clinics, manufacturing expansions, workforce training programs, broadband expansions, schools, business incubators, disaster relief efforts, and other revitalization projects that strengthen communities and generate long-term economic growth. Across the country, more than $140 billion in private capital has been invested in businesses with the help of the NMTC, creating over 1.2 million jobs. Over 25 percent of NMTC projects are in rural areas, and most investments are in severely distressed areas that far exceed the statutory requirements for economic distress. More than 2,500 success stories in every state and congressional district can be found on the Coalition’s website. “The New Markets Tax Credit has proven to be an invaluable resource in rural, urban, and suburban communities around the country,” said Bob Rapoza, spokesman for the New Markets Tax Credit Coalition. “This important financing is needed to create jobs, provide vital services like day care and health care, support small manufacturing businesses, and so many more of the services our communities need. We hope that Congress will continue its bipartisan support for the Credit and make it permanent this year.” The NMTC, which is set to expire at the end of 2025, provides taxpayers investing in Community Development Entities (CDEs) with a 39 percent credit against federal income taxes over seven years. A CDE is a community development organization, such as a CDFI or private financial institution, with a track record of lending and investing in economically distressed rural and urban communities. In addition to the permanent extension, the legislation would provide $5 billion in annual allocation authority, an inflation adjustment in the out-years, and an exception to the Alternative Minimum Tax for NMTC investments. About the New Markets Tax Credit Coalition The New Markets Tax Credit (NMTC) Coalition is a national membership organization founded in 1998 to advocate on behalf of the NMTC program. The Coalition, which includes some 170 members, is managed by Rapoza Associates, a public interest lobbying, policy analysis and government relations firm located in Washington, DC that specializes in providing comprehensive legislative and support services to community development organizations, associations and public agencies. About New Markets Tax Credit Program The New Markets Tax Credit (NMTC) was enacted in 2000 to stimulate private investment and economic growth in low-income urban neighborhoods and rural communities that lack access to the patient capital needed to support and grow businesses, create jobs, and sustain healthy local economies. Since its inception, the NMTC has generated more than 1.2 million jobs. Today, due to the NMTC, over $140 billion is hard at work in underserved communities in all 50 states, the District of Columbia, Guam, the Virgin Islands, the Northern Mariana Islands, and Puerto Rico. For more information, read: The New Markets Tax Credit: At Work in Communities Across America and visit www.NMTCCoalition.org. Contact Details Greg Wilson +1 571-239-7474 gregwilsonpr@gmail.com Company Website https://nmtccoalition.org/

May 05, 2025 10:21 AM Eastern Daylight Time

AdvicePay Acquires AdvisorBOB, a Leading Advisor Compensation Platform

AdvicePay

AdvicePay, the industry-leading platform for managing billing, payments, and compliance of fee-for-service financial planning, today announced the acquisition of AdvisorBOB, the leading independent advisor compensation software company. This marks AdvicePay’s first acquisition and a strategic step forward to support the full revenue lifecycle for advisory firms, from billing clients to paying advisors. The transaction reflects AdvicePay’s continued focus on strategic, customer-driven growth. It was completed without the need for outside capital, a reflection of the company’s strong financial foundation and disciplined approach to expansion. AdvisorBOB adds complementary functionality to AdvicePay’s offering, enabling firms to automate advisor compensation and eliminate manual spreadsheet-based processes. “AdvicePay was created to solve the pain points around billing and compliance for fee-for-service financial planning. Expanding into compensation is a natural extension of that mission,” said Alan Moore, AdvicePay Co-Founder and Chief Executive Officer. “We consistently hear from firms that comp is a major operational headache. This isn’t about replacing software – it’s about replacing spreadsheets. It becomes a critical need the moment you have variable comp. You need a system that gets it right, down to the penny.” AdvisorBOB automates complex advisor compensation calculations and payout tracking, offering transparency, line-item detail, and time-saving efficiencies for back-office teams. Firms using both platforms will be positioned to ensure clients are billed properly and advisors are paid accurately, without the manual burden. “Our origin story is very similar to that of AdvicePay, as we are both advisor-founded technology companies built because there weren’t products that fit our needs,” said James Spinelli, Founder of AdvisorBOB and Chief Executive Officer of Great Valley Advisor Group. “AdvisorBOB joining AdvicePay allows us to help even more firms simplify operations and scale with confidence.” AdvisorBOB’s team, including Chief Executive Officer Colton Pence, will join AdvicePay and continue to operate from its offices in Berwyn, PA. “With this acquisition, AdvicePay is validating the contributions AdvisorBOB has made to advisor practices,” Pence said. “Together, we’re well-positioned to help firms grow with the operational infrastructure they need.” This move aligns with AdvicePay’s long-term vision: to support the full advisor revenue flow—from invoice to payout—with modern tools and actionable data. While both platforms will continue to operate independently for now, the future potential of their combined capabilities opens the door to deeper insights and better back-office experiences for firms. “We’re not shifting to an M&A strategy,” added Moore. “This was an opportunity that aligned perfectly with our roadmap and values. AdvisorBOB and AdvicePay are powerful on their own—but together, they make the back office smarter, faster, and more scalable.” AdvicePay was advised by Cooley LLP as legal counsel, with financial advisory support provided by Turkey Hill Management, LLC. AdvisorBOB’s legal counsel was provided by Stradley Ronon. About AdvicePay AdvicePay is the industry-leading platform for overseeing the compliance, delivery, and payment processing of fee-for-service financial planning. Financial services firms and their advisors benefit from efficient workflows designed exclusively to support their fee-for-service financial planning revenue, including up-to-date compliance and data security management, all in one unified platform. About AdvisorBOB AdvisorBOB is an all-encompassing financial advisor compensation software for RIA back- office staff and advisors. It provides customizable and individualized compensation calculations as well as advanced reporting capabilities. Back-office administrators can say goodbye to time-consuming and inaccurate spreadsheets. Advisors can say hello to more visibility into their compensation across revenue streams. AdvisorBOB is the modern, streamlined approach by financial advisors for financial advisors. Contact Details For AdvicePay Shannon Beck +1 406-412-2047 media@advicepay.com Company Website https://advicepay.com/

May 05, 2025 10:00 AM Eastern Daylight Time

HNO International Secures Power Purchase Agreement for 24/7 Off-Grid Solar-Hydrogen Systems at $0.04/kWh

HNO International

HNO International, Inc. (OTC: HNOI), a leader in clean hydrogen energy solutions, proudly announces the execution of a long-term power purchase agreement (PPA) at a competitive rate of $0.04 per kilowatt-hour (kWh) for a breakthrough solar-powered system capable of delivering 4-6 megawatts (MW) of continuous, off-grid electricity — 24 hours a day, 7 days a week — in any location with solar exposure. The proprietary system integrates advanced solar harvesting and robust energy storage into a fully autonomous platform— enabling dependable, off-grid clean energy where traditional infrastructure cannot reach or where deployment could take years. This solution forms the energy backbone for scalable hydrogen production and unlocks a new pathway toward energy independence for remote, industrial, and edge environments. Crucially, this new solar-hydrogen infrastructure is purpose-built to support HNOI’s core technologies, including the Scalable Hydrogen Energy Platform (SHEP™️) and Compact Hydrogen Refueling Station (CHRS™️). By ensuring a reliable, low-cost, and grid-independent power source, this system accelerates the deployment of green hydrogen across hundreds — even thousands — of potential sites globally. “This agreement represents a major validation of our technology and our vision,” said Don Owens, Chairman and CEO of HNO International. “Hydrogen Production cannot happen without power. Delivering industrial-scale off-grid power at just four cents per kilowatt is transformative. It enables clean hydrogen production anywhere, at scale, and allows platforms like SHEP™️ to thrive even in the most remote or underserved regions.” Inspired by advanced decentralized energy platforms, the system is designed for replication, delivering megawatt-scale hydrogen and power where it’s needed most. This initiative marks a foundational step in building out a resilient, modular hydrogen economy that is cost-effective, zero-emission, and globally scalable. HNO International (OTC: HNOI) specializes in the design, integration, and development of green hydrogen-based energy technologies. With over 15 years of experience, HNOI is at the forefront of the renewable energy transition, pioneering solutions such as the Scalable Hydrogen Energy Platform (SHEPâ¢), the Compact Hydrogen Refueling System(CHRSâ¢) and the Mobile Hydrogen Refueling System (MHRS) to make hydrogen accessible for businesses and communities worldwide. This news release contains "forward-looking statements" which are not purely historical and may include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities and words such as "anticipate", "seek", intend", "believe", "estimate", "plan", or similar phrases may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K, our quarterly reports on Form 10-Q and other periodic reports filed from time to time with the Securities and Exchange Commission. For more information, please visit www.sec.gov. Contact Details Donald Owens dowens@hnointl.com

May 05, 2025 09:42 AM Eastern Daylight Time

Totem Launches to Bring Real-Time, AI-Driven Wagering to the Creator Economy

Totem

Totem, the next-generation gaming and wagering platform, today announced its official debut into the betting and gaming market as a creator of bold, culture-first products set to redefine player engagement and provide a wagering experience unlike any other. As its first move, Totem will partner with Kirgo, the gaming powerhouse known for working with top-tier influencers such as Mikki Mase, Bryce Hall and former UFC champion Rampage Jackson. Powered by Totem, the two will work together to merge sports, gaming, social media and influencer content through wagering experiences across Kirgo’s platform. Features offered that will resonate with Kirgo’s influencer-driven audience include: SLAPS: A high-energy, AI-powered game delivering instant-action betting, perfectly suited for the viral, content-driven gaming world. Back Bet: A revolutionary approach that allows users to hedge, trade and back bets on content creators dynamically, creating new ways to engage with influencers such as Jack Doherty and N3on. Streamer Betting: AI-powered odds dynamically shifting in real time based on engagement, letting users bet on live content from Kirgo’s top creators. Virtuals: AI-powered virtual sports and games that deliver nonstop action, tailored for players who crave 24/7 entertainment. “Wagering needs to move at the speed of culture,” said Karl Flores, founder of Totem. “We built Totem to integrate betting, content and engagement in ways that traditional platforms never could. Traditional wagering platforms move too slow for the next generation. By partnering with Kirgo, we’re aiming to change that for the bettor’s benefit.” Kirgo will be able to offer an elevated operator platform that blends influencer-driven content, high-energy gameplay and a seamless wagering experience with Totem as the backbone for its gaming ecosystem. This partnership will enable Kirgo to continue to push boundaries in the entertainment betting space. “Kirgo has always been about challenging the norms of entertainment and gaming,” said Kevin Williams, CEO of Kirgo. “Totem is setting the foundation for a new category in iGaming. The platform revolutionizes engagement for the fan of live streaming and sports. For Kirgo, it's a limitless sand box. Kirgo is partnering with fellow disrupters at Totem to continue our mission to gamify everything. SLAPS, Back Bet, and their AI-driven streaming products are game changers, and we’re incredibly excited to see how these innovations shape the future of the industry.” About Totem Totem is a next-generation platform that creates unique and engaging betting experiences for communities, influencers and brands. With offerings including a full-stack sportsbook, casino platform and customizable prediction markets, Totem is flexible to what's best for its customer’s audience while redefining the future of betting and entertainment. Its AI-powered technology turns any moment—sports, events or content—into a bettable experience, keeping users engaged and entertained. Contact Details Digital Sports by Hot Paper Lantern Sterling Randle srandle@hotpaperlantern.com Company Website https://totempowered.com/

May 05, 2025 09:11 AM Eastern Daylight Time

Starting Today, Small Businesses in King County may Apply for Grants from Comcast RISE

Comcast Pacific Northwest

Comcast today announced that small businesses in King County, may now apply for monetary, marketing, and technology grants through the Comcast RISE program. Yesterday, King County Executive Shannon Braddock and Seattle Mayor Bruce Harrell joined Comcast to pre-announce the grant program’s launch. Footage interviews and high-resolution images from the press conference are available to view and download from this link: https://f.io/NpVRXp3w Starting today, May 1, through May 31, eligible small businesses in King County can apply for the Comcast RISE program at www.ComcastRISE.com. Winners will be notified in August. Throughout the month of May, local small businesses can learn more about the Comcast RISE program, eligibility requirements, and how to apply by attending free information sessions being held by Comcast RISE community partner organizations, including the Bellevue Chamber, Greater Seattle Business Association (GSBA ), Seattle Metropolitan Chamber of Commerce, Seattle Southside Chamber of Commerce, and Tabor 100. According to a U.S. Chamber of Commerce report last month, revenue concerns are surging as inflation remains a dominant challenge for small businesses. The concern for inflation reached a new high with 58% of small business owners reporting inflation as a top concern. Further, more than 1 in 3 small business owners are concerned about revenue, the highest share since 2021. King County is one of five regions selected by Comcast in which 100 local businesses will be awarded the grant package. Other regions where small businesses will be awarded grant packages include Boston (MA), Grand Rapids (MI), Nashville (TN), and South Valley (UT). These recipients join the 14,000 entrepreneurs nationwide who have been selected as Comcast RISE recipients since the program launched in late 2020. Visit the Comcast RISE destination on the X1 platform for news, tips, insights, and more. Xfinity customers can say “Comcast RISE” into the X1 voice remote. Comcast RISE is part of Project UP, the company’s comprehensive initiative to create digital opportunity and help build a future of unlimited possibilities. More information on eligibility requirements and details on how to apply are available at www.ComcastRISE.com Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company. From the connectivity and platforms we provide, to the content and experiences we create, our businesses reach hundreds of millions of customers, viewers, and guests worldwide. We deliver world-class broadband, wireless, and video through Xfinity, Comcast Business, and Sky; produce, distribute, and stream leading entertainment, sports, and news through brands including NBC, Telemundo, Universal, Peacock, and Sky; and bring incredible theme parks and attractions to life through Universal Destinations & Experiences. Visit www.comcastcorporation.com for more information. Contact Details Comcast Andy Colley andy_colley@comcast.com Company Website https://washington.comcast.com/

May 01, 2025 03:16 PM Eastern Daylight Time

NAFA’s 2025 Institute & Expo: Propelling Fleets Into the Future with Innovation and Sustainability

NAFA Fleet Management Association

NAFA Fleet Management Association (NAFA) wrapped up its successful 2025 Institute & Expo (I&E) in Long Beach, California, bringing together fleet professionals from across the globe to explore the future of fleet management. Themed “Propel Your Fleet,” this year’s event focused on innovation, sustainability and the evolving landscape of fleet management, providing attendees with actionable insights and solutions to drive the future of their operations. “NAFA I&E continues to be an unparalleled gathering that brings together the best and brightest in fleet management,” said Maria Neve, NAFA Board President and VP – eFMC Services, Inspiration Fleet. “As the industry evolves, our commitment to innovation and sustainability strengthens, and it’s truly inspiring to see so many of our members energized and ready to drive the future of fleet management.” Key Highlights of I&E 2025: Keynote addresses, led by AI expert Timothy Papandreou and leadership coach Jack Becker. Papandreou’s keynote, “AI: The Most Powerful Technology That Is Changing Your World Forever,” explored the revolutionary role of AI in fleet management. Becker’s keynote, “Supersonic Success,” provided actionable leadership strategies from the world of elite military aviators to optimize performance and drive continual improvement. “Driving the Future of Fleet,” an Industry Update with Stellantis’ Jeffrey Kommor who shared insights on the future of fleet operations and the innovations shaping the industry. During the opening session on Monday, NAFA also honored fleet professionals who earned their Certified Automotive Fleet Manager (CAFM) designation. The ever-popular OEM Panel Discussion featured leaders from GM Envolve, Stellantis, Ford Pro and Nissan. The panelists shared valuable insights on their fleet strategies for 2025, including electrification and connected technologies. The Fleet Emergency Preparedness: Best Practices and Case Studies Food for Thought Luncheon highlighted real-world case studies on managing extreme weather events. Attendees gained actionable strategies for improving fleet resilience and response to unforeseen emergencies. More than 45 educational sessions were held throughout I&E 2025, with many sessions reaching standing-room-only capacity. This year’s education tracks addressed emerging technologies, sustainability, safety, legislative advocacy, operations management and more, providing attendees with timely insights into the most pressing challenges and innovations in fleet management. The specialized Technician Training Program, provided valuable educational content and networking opportunities tailored to technicians and service professionals. The Expo hosted more than 225+ exhibitors, each presenting the latest advancements in fleet products and services. The Innovations Showcase offered an immersive experience on the Expo floor, where attendees had the chance to discover cutting-edge products and updates from exhibitors. Geotab was awarded the People’s Choice Award for their groundbreaking product, Geotab Vitality. The Ride & Drive made its highly anticipated return this year, allowing attendees to get behind the wheel of the latest electric and alternative fuel vehicles. Additionally, NAFA introduced the new Indoor EV Test Track in the Expo Hall, providing a unique ride-along experience where participants could experience firsthand the advancements in electric vehicle technology. Both events were key highlights, offering fleet professionals the chance to engage directly with innovative vehicles and technologies. The 100 Best Fleets in the Americas for 2025 were crowned, with the following winners honored for their outstanding achievements in fleet management: Best Public Fleet: Palm Beach County, FL Sheriff’s Office Best Commercial Fleet: Charge, Inc. Fleet Professional of the Year: Tom Keyser, CAFM, Spire Energy Fleet Technician of the Year: Roger Davis, City of Roanoke, VA Additionally, the inaugural Tom Johnson Award was presented to Patti Earley, CAFM, Fleet Fuel Manager at Florida Power & Light, recognizing her exceptional contributions to the fleet industry. CAFM Live, a peer-to-peer educational event accelerated Certified Automotive Fleet Manager (CAFM) candidates’ preparation for examination and certification. NAFA brought back Media Day for a third year, providing nearly a dozen companies the opportunity to present their breaking news and announcements to reporters in back-to-back press conferences. NAFA extends its gratitude for the generous support of its 2025 I&E sponsors: Automotive Fleet, Enterprise Fleet Management, FASTER Asset Solutions, Fleetio, Fleetworthy, Geotab, Holman, Honda, Hyundai Motor America, Inspiration Fleet, IntelliShift, LEGEND, Merchants Fleet, Mitsubishi Motor Sales of Canada, Motive, Penske Transportation Solutions, Ram Professional, Reindeer Logistics, LLC, Rexel Energy, RTA: The Fleet Success Company, Samsara, Voyager Mastercard, and Wheels, Inc. NAFA also extends its appreciation to its media partners for their continued support: Autosphere Media, Automotive Fleet, Fleet Management Weekly, Modern WorkTruck Solutions, Utility Fleet Professional, Service Truck Magazine and Electrathon. Next year’s I&E will take place in Cleveland, OH on April 13-15, 2026. To learn more about NAFA, visit: https://www.nafa.org/ NAFA Fleet Management Association is the membership organization for professionals who manage the mobility requirements of vehicle fleets that include commercial, public safety, trucks, and buses of all types and sizes, and a wide range of military and off-road equipment for corporations, governments, universities, utility fleets, and law enforcement in North America and across the globe. NAFA’s members are responsible for the specification, acquisition, maintenance, repair, fueling, risk management, and remarketing of more than 4.8 million vehicles that drive an estimated 84 billion miles each year. NAFA’s members control assets and services well above $122 billion each year. For more information, please visit www.nafa.org, and communicate with NAFA on LinkedIn, Facebook, and X. Contact Details Keaveny Hewitt +1 919-622-5276 khewitt@onwrdupwrd.com Company Website https://www.nafa.org/

May 01, 2025 02:40 PM Eastern Daylight Time

Rebuilding LA: Steel Frame Construction on the Rise Amid Push to Fireproof Homes

The Hoyt Organization

MAY 1, 2025 – In the aftermath of January’s wildfires that swept through 40,000 acres causing $250 billion in local economic damage, destroying more than 16,000 structures and affecting thousands more, builders and city officials, alike, are analyzing construction practices to incorporate materials that won’t burn. At the top of the list? Steel frame construction. Steel has emerged as the primary option for homebuilders who need to adhere to new standards in wildfire zones and keep insurance costs at bay for those who will ultimately live there. The steel-framing industry, itself, is projected to grow to more than $58 billion by 2033, up from $35 billion in 2023, according to Spherical Insights. “This year’s fires were a heartbreaking tragedy on a horrific scale, and sadly much of damage could have been contained if it weren’t for the overuse of wood and drywall that are so quick to ignite when impacted by flying embers,” said Scott Acton, CEO of Forté Specialty Contractors, a seasoned design-build veteran whose unique expertise combines residential projects with high-profile hospitality and theme park developments that must adhere to stringent fire safety standards. Acton advocates for more steel-frame home designs, which are much more durable in the event of a natural disaster or the wildfires that are occurring at an alarmingly regular place in California. The losses incurred have gotten so catastrophic that the insurance premiums moving forward will likely soar at a rate that will displace many Californians and exacerbate the state’s affordability crisis. “Due to its resilience and durability, steel home construction has been growing in popularity for the luxury markets along the coast, but it is quickly becoming the preferred option for developers of all housing types because traditional building practices have gotten so dangerous and costly,” Acton said. “Developers of multifamily housing are increasingly specifying steel framing to accelerate build times, simplify quality control and deliver fire-resistant buildings that meet the demands of urban living. Along with the protection from fire, steel frame houses are also less susceptible to damage from earthquakes, high winds or flooding.” Steel-frame homes are also less likely to be infested with pests, termites and mold compared to wood. They are faster to assemble because the steel is often pre-fabricated off-site, which reduces on-site labor time. Plus, steel is highly recyclable, making it a more environmentally friendly choice compared to wood, which requires deforestation for production. In addition to pest resistance, speed to market, and recyclability, building with steel framing also delivers substantial saving on insurance. Recognizing steel as non-combustible, insurers can offer premium discounts of up to 75 percent on builder’s risk policies, according to the Steel Framing Industry Association. These average savings reflect steel’s superior fire resistance and loss history, translating into more predictable underwriting and lower overall risk costs throughout both construction and occupancy. The strength and integrity of steel creates more room for designer creativity as well. Despite steel’s relative material cost being higher than lumber, Acton notes that this is a huge value-add in luxury markets such as Malibu and the Palisades, where wider interior spaces and higher ceilings are in demand. ABOUT KRYTON Kryton International Inc. is the inventor of the crystalline waterproofing admixture and has been waterproofing concrete structures with its proprietary KrystolÂ® technology since 1973. Kryton has won awards for innovation, manufacturing, best place to work, and entrepreneurship. Kryton is an active member of the American Concrete Institute, International Concrete Repair Institute, American Shotcrete Association, and many other thought-leading organizations. Kryton exports its products to more than 50 countries globally. www.kryton.com About Forté Specialty Contractors: Founded in 2010, Forté Specialty Contractors is a Las Vegas-based specialty construction company that specializes in design build projects rooted in the experiential theming and entertainment world. Forté expanded its services to include a luxury home building division, which today includes a portfolio of homes in Las Vegas and on the East and West coasts. For more information, please visit fortedesignbuild.com or follow us on Facebook, Instagram, or LinkedIn. Contact Details Forte Specialty Contractors Andrew King +1 914-513-6895 aking@hoytorg.com Company Website https://fortedesignbuild.com/

May 01, 2025 01:47 PM Eastern Daylight Time

Rising Water Tables in the Southern U.S. Spotlight Need for Sustainable, Waterproof Concrete Solutions

The Hoyt Organization

May 1, 2025 - With rising water tables and an uptick in extreme weather events across the Southern United States, engineers, builders, and municipalities are turning to Smart Concrete as a long-term, sustainable solution to fortify critical infrastructure against flood risks, abrasion, corrosion and climate-related damage. Recent studies have shown that groundwater levels across states like Louisiana, Texas, Florida, and Georgia are increasing due to a combination of sea level rise, heavy rainfall patterns, and overburdened drainage systems. Consequently, there are higher likelihoods of flooding not just along coasts, but inland as well, putting foundations, stormwater systems, and essential infrastructure at increasing risk of failure. According to First Street’s 2025 National Risk Assessment, which projects a nearly $1.5 trillion dollar drop in property values from climate-related migration patterns, the nation’s most risky markets for climate-related property loss are all in Texas, including the metropolitan areas of Dallas-Fort Worth, Austin and Houston – all of which have experienced recent population surges amid increasing insurance costs associated with extreme weather. Smaller markets have been less resilient to these economic and environmental threats. For instance, in Jefferson County, Ala., the damage has already been done, triggering a 9.4 percent spike in climate-related insurance costs and a subsequent 25 percent plunge in population, the report found. Key infrastructure such as highways, airports and large-capacity garages are increasingly vulnerable to water-related corrosion in the South and that durable concrete is a viable long-term solution to those challenges, according to Patrick Kelly, Territory Manager – Central U.S. for Kryton International, a leading manufacturer of high-performance concrete. “It’s largely a threat from below,” Kelly said of the South’s rising water tables and increasing flood risks. “Traditional concrete structures can deteriorate rapidly when exposed to persistent water pressure, freeze-thaw cycles, and chemical ingress. Our waterproof concrete technology is designed to combat these exact challenges while reducing the need for costly maintenance and repair.” Waterproof Concrete: A Sustainable Advantage Unlike surface coatings or short-term sealants, waterproof concrete is engineered at the mix level with crystalline admixtures that resist moisture intrusion from the inside out. When compared to traditional concrete, this internal waterproofing not only prolongs structural life but also contributes to sustainability goals by: Reducing carbon-generating material waste from repairs and replacements Improving lifecycle performance with lower initial carbon footprint Enhancing climate resilience in transportation, utility, and commercial infrastructure Waterproof concrete is increasingly being adopted in: Underground parking structures and basements Tunnels, culverts, and stormwater management systems Coastal and low-lying public works projects High-performance industrial facilities in flood-prone regions “With even more extreme weather on the horizon, future-ready construction starts with resilient materials,” said Kryton International’s Vice President for Product Development, Kevin Yuers. “Waterproof concrete isn’t just a product — it’s a strategy for climate adaptation.” ABOUT KRYTON Kryton International Inc. is the inventor of the crystalline waterproofing admixture and has been waterproofing concrete structures with its proprietary KrystolÂ® technology since 1973. Kryton has won awards for innovation, manufacturing, best place to work, and entrepreneurship. Kryton is an active member of the American Concrete Institute, International Concrete Repair Institute, American Shotcrete Association, and many other thought-leading organizations. Kryton exports its products to more than 50 countries globally. www.kryton.com Contact Details Kryton International, Inc. Andrew King +1 914-513-6895 aking@hoytorg.com Company Website https://www.kryton.com/

May 01, 2025 10:19 AM Pacific Daylight Time

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