Bright Machines Named an Inc. 2021 Best in Business Gold Medal Winner in the Manufacturing Category

Rhea-AI Summary

Bright Machines has been recognized in the Inc. 2021 Best in Business list in the manufacturing category for its innovative approach to software-defined manufacturing. This award highlights private companies that have made a positive impact on their communities. CEO Amar Hanspal emphasized the company's commitment to flexible and efficient manufacturing solutions that enhance resilience against supply chain disruptions. The list's highly competitive nature, with only a low single-digit acceptance rate from 2,700 entries, underscores the significance of this recognition.

Positive

• Recognition in Inc. 2021 Best in Business list for contributions to manufacturing.
• Emphasis on innovative software-defined manufacturing to enhance efficiency and flexibility.
• Strong leadership communication from CEO Amar Hanspal highlighting company values.

Negative

• None.

2nd annual list recognizes 147 private companies that put purpose before profit

SAN FRANCISCO--(BUSINESS WIRE)-- Bright Machines, an innovator in software-defined manufacturing, has been named to the Inc. 2021 Best in Business list, this year in the manufacturing category. Inc.’s Best in Business Awards honor companies that have gone above and beyond to make a positive impact.

The list, which can be found in the Winter issue of Inc. magazine (on newsstands December 14), recognizes small- and medium-size privately held American businesses that have had an outstanding influence on their communities, their industries, the environment, or society as a whole.

“I’m proud to be named, for the second year in a row, to Inc.’s Best in Business list for the work Bright Machines is doing to rethink manufacturing. By delivering intelligent, software-first solutions for industrial automation, we’re making it possible for the industry to embrace a more flexible approach to manufacturing – one that is more efficient, more scalable, and more resilient to future supply chain disruptions,” said Amar Hanspal, CEO and Co-Founder, Bright Machines. “At the heart of this recognition are Bright Machines’ customers and our incredibly hard-working team.”

Rather than relying on quantitative criteria tied to sales or funding, Inc.’s editors reviewed the companies’ achievements over the past year and noted how they made a positive difference in the world. They then selected honorees in more than 49 different industries – from finance to software to engineering to fashion, and more – and in age-based and revenue-based categories. The applicant pool was extremely competitive, with around 2,700 entries and an acceptance rate in the low single digits – a huge success for these honors in the list’s second year. Honorees for gold, silver, bronze, and general excellence across industries and categories are featured online at inc.com/best-in-business.

Scott Omelianuk, editor-in-chief of Inc., said, “What began for us during the pandemic as an effort to showcase companies that were helping the community has grown into a recognition of social, environmental, and economic impact. The companies on this year’s list are changemakers with heart – and they’re pouring the best of their business into the people and communities around them.”

ABOUT INC. MEDIA

The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across various channels, including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the Inc. 5000 allows these founders a chance to engage with their peers in an exclusive community with the credibility to help drive sales and recruit talent. The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.

ABOUT BRIGHT MACHINES

Headquartered in San Francisco, Bright Machines is a technology company that is pioneering an innovative approach to intelligent, software-defined manufacturing. It leverages computer vision, machine learning, 3D simulation, and adaptive robotics to fundamentally change the flexibility, scalability, and economics of production. With more than 550 employees worldwide, Bright Machines operates R&D centers in the U.S. and Israel, with additional field operations in North America, Central America, Southeast Asia and EMEA.

In May 2021, the Company entered into a definitive merger agreement with SCVX (NYSE: SCVX), a special purpose acquisition company, with the intent of becoming a publicly traded company.

Bright Machines is reimagining how products can be designed and produced to address the realities of today and the future ahead. Rethink everything you ever knew about manufacturing. Visit www.brightmachines.com

Bright Machines^® and the LOGO and Brightware^® are registered trademarks of Bright Machines, Inc.

Additional Information and Where to Find It

In connection with the proposed business combination, SCVX intends to file a Registration Statement on Form S-4, including a preliminary proxy statement/prospectus and a definitive proxy statement/prospectus with the SEC. SCVX’s stockholders and other interested persons are advised to read, when available, the preliminary proxy statement/prospectus and the amendments thereto and the definitive proxy statement/prospectus and documents incorporated by reference therein filed in connection with the proposed business combination, as these materials will contain important information about Bright Machines, SCVX, and the proposed business combination. When available, the definitive proxy statement/prospectus and other relevant materials for the proposed business combination will be mailed to stockholders of SCVX as of a record date to be established for voting on the proposed business combination. Stockholders will also be able to obtain copies of the preliminary proxy statement/prospectus, the definitive proxy statement/prospectus, and other documents filed with the SEC that will be incorporated by reference therein, without charge, once available, at the SEC’s website at www.sec.gov, or by directing a request to: c/o Strategic Cyber Ventures, 1220 L St. NW, Suite 100-397, Washington, DC 20005.

Participants in the Solicitation

SCVX and Bright Machines and their respective directors and executive officers may be considered participants in the solicitation of proxies with respect to the potential transaction described in this press release under the rules of the SEC. Information about the directors and executive officers of SCVX is set forth in SCVX’s Annual Report on Form 10-K filed with the SEC pursuant to Section 13 of the Securities Exchange Act of 1934, as amended, on April 6, 2021, and is available free of charge at the SEC’s web site at www.sec.gov, or by directing a request to: c/o Strategic Cyber Ventures, 1220 L St. NW, Suite 100-397, Washington, DC 20005. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the solicitation of the SCVX shareholders in connection with the potential transaction will be set forth in the registration statement containing the preliminary proxy statement/prospectus when it is filed with the SEC. These documents can be obtained free of charge from the sources indicated above.

No Offer or Solicitation

This press release shall not constitute a solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the proposed business combination. This press release shall also not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption therefrom.

Forward Looking Statements

Certain statements herein may be considered forward-looking statements. Forward-looking statements generally relate to future events or SCVX’s or Bright Machines’ future financial or operating performance. For example, statements about the expected timing of the completion of the proposed business combination, the benefits of the proposed business combination, the competitive environment, and the expected future performance and market opportunities of Bright Machines are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential” or “continue”, or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks, uncertainties and other factors which could cause actual results to differ materially from those expressed or implied by such forward looking statements.

These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by SCVX and its management, and Bright Machines and its management, as the case may be, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement; (2) the outcome of any legal proceedings that may be instituted against SCVX, Bright Machines, the combined company or others following the announcement of the proposed business combination; (3) the inability to complete the proposed business combination due to the failure to obtain approval of the shareholders of SCVX or to satisfy other conditions to closing; (4) changes to the proposed structure of the proposed business combination that may be required or appropriate as a result of applicable laws or regulations or as a condition to obtaining regulatory approval of the proposed business combination; (5) the ability to meet stock exchange listing standards at or following the consummation of the proposed business combination; (6) the risk that the proposed business combination disrupts current plans and operations of Bright Machines as a result of the announcement and consummation of the proposed business combination; (7) the ability to recognize the anticipated benefits of the proposed business combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (8) costs related to the proposed business combination; (9) changes in applicable laws or regulations; (10) the possibility that Bright Machines or the combined company may be adversely affected by other economic, business and/or competitive factors; and (11) other risks and uncertainties set forth in the section entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in SCVX’s Form 10-K for the year ended December 31, 2020, and which will be set forth in the registration statement to be filed by SCVX with the SEC in connection with the proposed business combination.

Nothing herein should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Neither SCVX nor Bright Machines undertakes any duty to update these forward-looking statements.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211207005301/en/

Justine Crosby, pr@brightmachines.com 

 

Source: Bright Machines

FAQ

What is the significance of Bright Machines being on the Inc. 2021 Best in Business list?

Bright Machines' inclusion in the Inc. 2021 Best in Business list signifies recognition for its positive impact in the manufacturing industry and community.

How many companies were recognized in the Inc. 2021 Best in Business list?

A total of 147 private companies were recognized in the Inc. 2021 Best in Business list.

What category did Bright Machines win in the Inc. 2021 Best in Business list?

Bright Machines won in the manufacturing category of the Inc. 2021 Best in Business list.

What is Bright Machines' focus in the manufacturing sector?

Bright Machines focuses on software-defined manufacturing, utilizing intelligent solutions for industrial automation to improve efficiency and scalability.

What is the acceptance rate for the Inc. 2021 Best in Business list?

The acceptance rate for the Inc. 2021 Best in Business list was in the low single digits, highlighting the competitiveness of the recognition.