Oil & Gas - The Omicron Impact in the Philippine Energy Sector

FEBRUARY 2022
N E W S
Pyrotek Builds New
Dubai Manufacturing
Plant
Raven Petroleum’s
Mexico Export Plans
Ignore Major Market
Challenges
Hazardous Location
Thermostats Industry
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E D I T O R ‘ S N O T E
A
powerful group of
some of the world’s
major oil producers
decided earlier this
month to maintain their planned
increase in oil output beginning
in February, as energy investors
assess the possible effect of
mounting Omicron COVID-19
cases.
OPEC and its non-OPEC
partners, commonly known as
OPEC-plus, have agreed to
increase production by 400,000
barrels per day starting next
month. The move was widely
anticipated, given US pressure
to increase supply and the
absence of any new COVID-19
restrictions.
The energy alliance, led by
OPEC kingpin Saudi Arabia
and non-OPEC leader Russia,
is now winding down historic
production cuts of around 10
million barrels per day. The
unprecedented production
decrease was implemented in
April 2020 to aid the energy
market after the devastation
caused by the coronavirus
outbreak.
Oil prices increased by more
than 50% last year, as investors
bet that the highly contagious
omicron form may be less
severe than previously thought.
This is despite the fact that
COVID-19 infections have
reached new all-time highs,
with the United States reporting
a worldwide daily record of
over 1 million infections in less
than 24 hours.
Omicron Variant
Impact on Oil & Gas
The choice to raise output was made easy by the fact that the
23-member group’s other manufacturers are trailing behind. They
are being held back by a variety of factors, including political
turmoil and underinvestment in drilling.
Nigeria, Africa’s top producer, pumped 360,000 barrels per day
below its quota in November — almost enough to cancel out
the group’s planned 400,000 barrels per day monthly increase.
According to the International Energy Agency, a weak regulatory
framework, sabotage, and vandalism of oil installations are
preventing Nigeria from investing in required infrastructure.
Another African nation, Angola, is also pumping significantly
below its limit, while Libyan output has just plunged precipitously
due to political unrest.
Saudi Arabia’s decision is critical. The most reasonable way to
fulfill the anticipated production increases would be for Saudi
Arabia, which currently has the majority of the world’s additional
capacity, to agree to exceed its quota.
4

C O N T E N T S
8
Enhancing Hygiene and
Security of Business
Operations During ...
20
Lg Launches New Virtual
Platform For Air Solution ...
24
Omicron Variant Impact ...
v
54
Tips to Enhance Your
Workspace to Increase
Employee Productivity
60
4 Tips for Restoring Your OId
Furniture
64
Digital Innovation in the
Construction Industry
44
Pyrotek Builds New Dubai
Manufacturing Plant
68
Anixa Biosciences’ Covid-19
Compounds Expected to be ...
48
Raven Petroleum’s Mexico
Export Plans Ignore Major
Market Challenges
52
Hazardous Location
Thermostats Industry
72
Rise of Delta Variant Triggers
Return to Workplace Concerns
...
76
Medivolve Announces New
COVID-19 Testing Mobile ...
6

FEATURE STORY
Enhancing Hygiene and
Security of Business
Operations During
COVID Alert Level 3
Good hygiene and cleanliness have become further emphasized, especially with
the Philippines under alert level 3 measures to combat the growing COVID-19
pandemic. Under such restrictions, a nightly 12:00 AM to 4:00 AM curfew, facemask
and face shield requirements, strict social distancing protocols, adjustment
of operation hours of various businesses and establishments, etc. are being implemented
nationwide. Due to the cyclical pattern of addressing the pandemic, the term “new normal” is
now just “normal”.
Because of the state of the world, washing hands has transformed from an action we almost
always forget to do before a meal, into an hourly ritual required to stave off COVID-19 and any
other potential viruses or bacteria that may come our way.Luckily for us, Co Ban Kiat Hardware
8

Inc. is here to supply the general public with
offensive and defensive tools to help us stay clean
and healthy. With these products, each room in
any place will be spick and span—great for us, bad
for those pesky microbes.
To blow away those viruses, Deton’s industrial
wall fans, commercial floor fans, and drum fans
are readily available for purchase. As the largest
manufacturer of ventilation equipment, Deton’s
products are highly optimized in design and
structure. Comfortable and safe wind emerges
from these fans, making them an ideal choice for
cooling factories, mining industries, garages, and
more.
Experts in Centers for Disease Control and
Prevention recommends a layered approach to
reduce exposures to SARS-CoV-2, the virus
that causes COVID-19. This approach includes
using multiple mitigation strategies, including
improvements to building ventilation, to reduce
the spread of disease and lower the risk of
exposure. Deton’s industrial fans are the perfect
product to mitigate the spread of Covid-19 in
office and industrial settings.
Making floors spotless are Nifisk’s vacuums.
For businesses and institutions to remain in
operation, the foundations and floors upon
which we walk must be dirt and dust-free.
Thus, these vacuums are the best tools to
sanitize hospitals, unsully store aisles, disinfect
warehouses, and hundreds of other locations.
Nilfisk’s vacuums boast a custom-built,
automated design that draws in dirt, pet hair,
dust, little particles of random materials easily
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FEATURE STORY
and effortlessly. Nilfisk boasts their vacuum
models’ ease of use, maneuverability, particle
retention, and much, much more.
Truly, these ventilation technologies and vacuum
cleaners will make any space a speckless safe
haven. But an immaculate location can only
protect you so much. The greatest weapon against
COVID-19 or any other virus or bacteria for
that matter is washing your hands thoroughly.
According to the Centers for Disease Control
and Prevention, washing your hands with soap
and water for 20 seconds will guarantee the death
of bacteria and other foreign bodies.
That being said, the Delta Faucent and the Dyson
Airblade is your sword and shield against those
infectous diseases.
The Delta faucets last longer than your average
kitchen faucet, prevents leakages effectively,
Includes a magnetic holder for the kitchen sprayer,
fits easily into standard sink configurations, and is
easy to clean spray holes. The water output is also
powerful enough to make any clingy particle slide
right down.
Meanwhile, the Dyson Airblade Hand Dryer
is touch-free, which helps prevent the spread
of bacteria and viruses. This dryer has HEPA
filters fitted as standard. For over 15 years Dyson
microbiologists have drawn on expertise from
a range of sectors, including the food industry,
the public health sector, academia and chemical
microbiology – to ensure its Dyson Airblade
technology is hygienic for real-world use.
12

Where to Buy?
For 100 years, Co Ban Kiat Hardware Inc. is the most trusted distributor of home improvement and
hardware items in the Philippines.
Let’s shop wisely. #StayAtHome and order online at your convenience. Visit us in the following sites
and enjoy deals, discounts, and more!
Lazada Store: https://www.lazada.com.ph/shop/co-ban-kiat-hardware-inc/
Website: https://www.cbkhardware.com/
Facebook: https://www.facebook.com/cbkhardware/
Instagram: http://www.instagram.com/cbkhardware
Join our Fast Growing Viber Community http://%20https//bit.ly/3ebeCXU
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FEATURE STORY
Co Ban Kiat Hardware, Inc.
Ground Floor, Cobankiat Building II
231 Juan Luna St. Binondo Manila, Philippines.
Phone +632 8243-1931
Phone +632 8242-6925
Phone +632 8894-6561 & +638-272-931-981
Email info@cobankiat.com.ph;
ind@cobankiat.com.ph
Coby’s Design Center
Unit 467 level 4 Shangri-La Plaza
Edsa Corner Shaw Boulevard
Mandaluyong City, Philippines
Phone +632 86364895
About CBK Hardware
For almost a hundred years, a family’s surname has become synonymous to the country’s biggest
hardware supply company. Co Ban Kiat Hardware Incorporated, of the Cobankiat family has a regular
client network of more than 1,500 industrial organizations; 1,600 traditional community hardware
stores, and 584 home building specialty chain of stores across Luzon, Visayas and Mindanao. This evergrowing
conglomerate traces its humble roots to Manila Chinatown, as a pioneer enterprise started by
family’s patriarch, Mr. Cobankiat in 1920. Despite the ruins of World War II, the business goes back to
its feet in 1948, rebuilding a storefront from the very same spot where it was known for three decades.
16

This ever-growing conglomerate traces its humble roots to Manila Chinatown, as a pioneer enterprise
started by family’s patriarch, Mr. Cobankiat in 1920. Despite the ruins of World War II, the business goes
back to its feet in 1948, rebuilding a storefront from the very same spot where it was known for three
decades.
While the Filipinos continue to rebuild their lives post war, CBK Hardware sees the opportunity to
introduce the retail concept once unheard for in hardware industry. Cobankiat Hardware brought
the first DIY business in the Asia. A do it on yourself concept that created Cobankiat hardware in the
Philippines. The Hardware Workshop Store is the fruit if this endeavor. CBK Hardware further cemented
its legendary distribution channel with the creation of Coby’ Design Center in Edsa Shangi La in 1996, a
specialty store that caters to discriminating taste of modern Filipinos.
In 1997, Mr. Johnny Cobankiat, the 4th generation Cobankiat leader, set another milestone for the
company when he brings a franchise of Ace Hardware USA to the Philippines, and signs up CBK Hardware
as one of its major suppliers. This further expanded into delivering quality world class products nearer to
families of Filipino overseas workers in the countryside.
A century’s excellence can quickly pass, and guided by the vision to be the largest network supplier of
the biggest global brands in the hardware industry, CBK Hardware resolve to source the best products to
supply its customers anytime and every time.
17

FEATURE STORY
LG Launches New Virtual
Platform For Air Solution
Technology
The LG HVAC Virtual Experience Provides Visitors with the Opportunity to Explore a Wide Range of
Residential and Commercial Solutions
As consumers and business have looked to online recourses to help influencer their purchase
decision, virtual experiences have become a key trend. In light of this, LG Electronics
(LG) Home Appliance & Air Solution Company has opened a new online showroom,
LG HVAC Virtual Experience. Utilizing the latest in digital technology, this interactive
online showroom lets visitors get to know LG’s diverse range of residential and commercial indoor
environmental solutions from the comfort and safety of their homes.
The showroom delivers an intuitive, virtual experience that lets visitors view the compa-ny’s latest
solutions in a variety of virtual environments to learn about the benefits they provide, such as greater
comfort, improved indoor air quality and seamless control, all important in helping customers make
informed and important decisions for the family or employees.
20

Upon entering LG HVAC Virtual Experience, visitors can choose from a range of busi-ness and living
space categories: Residential Apartment, Residential Villa, Office Gen-eral, Office High-Rise, Retail
and Hotel. Customers can roam the 3D environments freely using their mouse or touchscreen. Menus
offer additional information on every model, including specifications, features, product videos and case
studies. Simple to use and navigate, LG’s new virtual platform is a great tool for consumers, industry
profes-sionals and partners looking to create healthier and more comfortable indoor spaces.
What’s more, the virtual showroom allows visitors to see the behind-the-scenes details and technologies.
Press the onscreen Airflow and Piping buttons to see how air travels in an air conditioner or air purifier
and how pipes direct water and refrigerant through a system. Virtually switch operational modes and
observe how airflow changes from one air conditioner to another. Beyond the technology and science,
the showroom is also a great place to check out all the products’ stylish designs to see how they match
various virtual interiors.
LG HVAC Virtual Experience is an open, engaging online resource that will give visi-tors a thorough
understanding of LG’s latest, optimized HVAC solutions for all kinds of spaces, helping them figure out
which products are best suited to their specific needs.
Visit LG Virtual HVAC Experience to discover the company’s latest indoor environ-mental comfort
technologies on your PC or smartphone.
About LG Electronics Home Appliance & Air Solution Company
The LG Home Appliance & Air Solution Company is a global leader in home appliances, smart home
solutions, air quality systems as well as visionary products featuring artificial intelligence. The company
is creating total solutions for the home with its industry leading core technologies and is committed
to making life better for consumers around the world by developing thoughtfully designed kitchen
appliances, living appliances and air solution products. Together, these products deliver enhanced
convenience, superb performance, efficient operation and compelling health benefits. For more
information, visit www.LG.com.
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Earlier this month, a coalition of major oil producers decided
to increase production further to meet anticipated robust
demand, despite fears about the quickly spreading
Omicron strain. The Organization of the Petroleum
Exporting Countries (OPEC), spearheaded by Saudi Arabia, and
the OPEC plus alliance, led by Russia, announced a collective
increase in production of 400,000 barrels per day in February,
continuing the monthly supply increase schedule that the cartel
started last August.
25

C O V E R
S T O R Y
OPEC-plus officials expressed alarm over
Omicron’s rapid growth around the world.
Last January 3, for example, the United States
recorded over a million new coronavirus
infections.
Nonetheless, cartel policymakers stressed
early indicators that the new variant of the
virus causes less severe disease than earlier
strains. They commented that this provides
assurance that governments around the world
will not impose new, substantial economic
restrictions to stem the spread of the disease,
making it possible for the worldwide travel and
business activity that boosted a resurgence
in oil demand last 2021 to continue this year.
Mexico is an OPEC-plus member, yet
cartel decisions have had minimal effect
on Mexico’s state oil corporation Petróleos
Mexicanos (Pemex) under President Andrés
Manuel López Obrador. The president’s most
recent strategy calls for Pemex to completely
phase down crude oil exports by 2023.
Pemex intends to have an in-house crude
oil production through the acquisition of all
the 340,000 barrels per day Texas-based
Deer Park refinery, the rehabilitation of its six
existing refineries in Mexico, the installation
of a new coking unit at its Tula refinery, and
the completion of the 340,000 barrels per day
Tabasco-based Dos Bocas refinery.
As reported Housley Carr of RBN Energy
LLC, Deer Park and other refineries located
along the United States’ Gulf Coast have the
capacity to process heavy sour crude grades
like Mexico’s Maya, which represents more
than 80% of Pemex’s oil exports. Carr said
that Pemex keeps the majority of its lighter
grades – Istmo and Olmeca – for processing
at its local refineries.
28

Pemex announced its third-quarter
income from oil and condensate exports
to be at 133 billion pesos ($6.5 billion),
with 58 percent of petroleum shipments
going to the United States. The firm
reported a year-over-year gain of 64.5%
in overall export income, which it credited
to the strengthening of Mexico’s crude
oil export basket. As of early January,
the Mexico basket price was $71.85/bbl.
According to Rystad Energy experts,
Brent crude prices increased by more
than half in 2021 and were hovering
around $80/bbl last January 4. They
said that the current price level indicates
that markets are aligned with OPEC’s
confidence, despite the fact that
Omicron-related staff absences have
harmed airlines and caused corporations
to reevaluate their plans to reintroduce
personnel to offices.
Rystad analyst Bjrnar Tonhaugen said
that for the time being, the Omicron risk
remains just that: a danger. Rather than
an outright escalation of the lockdown,
market balances will stay rather tight in
January and February, supporting oil
prices.
OPEC+ is undoing supply limits of
roughly 10 million barrels per day
implemented in April 2020 in response
to the coronavirus’s first oil demand
disruption.
Robert Yawger, director of energy
futures at Mizuho Securities USA LLC,
explained that the OPEC-plus decision
to increase supply was made easier due
to the drop in Libyan output in recent
days (an estimated 550,000 barrels)
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C O V E R
S T O R Y
caused by political strife and pipeline
leaks. Furthermore, he stated that Nigeria,
an OPEC plus member, has had difficulty
meeting its increased production quota due
to failing infrastructure over the past few
months.
Members of an OPEC-plus group said
Monday that they anticipate a 1.4 million
barrels per day global supply excess by
the end of the first quarter. Although this
was 25% less than the producer group’s
projection from a month earlier, Yawger
remarked that it might still provide a
rationale for the cartel to suspend supply
increases in March. OPEC-plus is slated to
meet again on Feb. 2 to decide on March
production plans.
Meanwhile, US producers have
progressively increased oil production.
According to the latest Weekly Petroleum
Status Report from the United States Energy
Information Administration (EIA), American
oil production hit 11.8 million barrels per
day (b/d) for the week ending Dec. 24 -
2021 high and a 200 million barrels per day
increase over the previous week.
The four-week period ended Dec. 24 saw
U.S. gasoline consumption averaged 9.3
million barrels per day, an increase of 17%
over the previous year, and distillate fuel
demand averaged 4.1 million barrels per
day, an increase of 8%. The demand for jet
fuel increased by 21% to 1.5 million barrels
per day.
The International Energy Agency (IEA)
forecasted in December that global oil
consumption will increase by 3.3 million
barrels per day (b/d) in 2022, surpassing
pre-pandemic levels of 99.5 million b/d,
after a 5.4 million b/d increase in 2021.
40

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NEWS
Pyrotek Builds New
Dubai Manufacturing
Plant
Facility to Serve and Supply Regional Aluminium Smelting Operations
Pyrotek Inc. is scheduled to complete
construction in November of a new
manufacturing facility in Dubai, United
Arab Emirates, to serve and supply the
rapidly growing aluminium smelting operations
of the region.
The first phase of construction will provide
66,000 square feet (6,185 square metres) of
floor space. There is enough land at the site,
located within the Jebel Ali Free Zone in western
Dubai, to allow for an eventual doubling of the
plant footprint. The construction contractor is
Pax-Kent International LLC, based in Dubai.
They also designed the facility.
Pyrotek is scheduled to occupy the facility in
January 2020.
“This plant will grow our footprint in the heart
of one of the major global aluminium smelting
regions,” says Nigel Clear, Pyrotek’s General
44

Manager in the region. “It’s also very close to
EGA (Emirates Global Aluminium). Combined,
EGA is the biggest aluminium producer in the
Persian Gulf.”
EGA operates aluminium smelters in both
Dubai and Abu Dhabi. It also has an alumina
refinery in Abu Dhabi.
The new Pyrotek plant will focus on
manufacturing several major product lines and
provide faster delivery of specific customized
products in the region.
“It’s all about improving our service and
shortening delivery times—prototyping and
then supplying custom products fast,” Clear
says.
The site is ideal because of the ease of doing
business in the Jebel Ali Free Zone and the
convenience of the Jebel Ali Port.
“It is a very central logistics hub for the Middle
East,” Clear says. “Many of the vessels and
much of the container traffic coming into the
Middle East moves through the Jebel Ali Port.”
The plant will have an in-house design and
engineering department. That engineering
team will be built up and developed with
specific training over time.
Pyrotek has been in Dubai for 20 years, and
currently operates a sales and warehousing
facility in the Jebel Ali Free Zone that serves
the UAE, Oman, Jordan, Egypt, Lebanon and
northern Africa. Along with providing products
to companies in the aluminium industry, the
existing facility supplies glass, steel, and
noise control industry customers.
Additionally, in the region, Pyrotek operates
plants in Askar and Hidd, in Bahrain; and Al
Khobar in the Kingdom of Saudi Arabia.
About Pyrotek
We’ve supplied innovation to the aluminium
industry since 1956. We design and produce
everything from large capital equipment
to small consumable parts—all to help our
customers operate more efficiently, produce
better quality products and save money.
Throughout the world, in more than 35
countries, we’ve strategically placed more
than 80 locations to best serve our customers.
Our advanced solutions in aluminium cover
processes in the smelter, casthouse and
foundry.
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NEWS
Raven Petroleum’s Mexico
Export Plans Ignore Major
Market Challenges
South Texans Against the Refinery:
Raven CEO Christopher Moore pushes
forward despite Mexico’s plans to
achieve energy independence by 2022
An updated economic study released
today reveals new vulnerabilities in Raven
Petroleum’s amended plan to open a 30,000
barrels per day (bpd) oil fractionation facility
outside of Laredo. According to Raven’s
website, the South Texas Energy Complex
(STEC) will produce diesel fuel, naphtha, and
liquid petroleum gas products to be exported
to Mexico via a nearby railroad. While betting
on market demand from Mexico may have
been a viable market strategy at the time of the
project’s inception three years ago, the report
contends that Mexico is no longer an attractive
market for U.S. refined products.
The study, conducted by economist Dr. Daniel
J. Pastor of the University of Texas at El Paso,
is an updated look at Raven’s amended plans.
STEC was first introduced to the public in 2016
as an oil refinery that would export 55,000
bpd by rail to Mexico. In early 2019, Moore
changed course, downgrading STEC to a
smaller-capacity oil fractionation facility.
The report highlights important considerations
for investors who might be considering
financing the project. Raven still identifies
Mexico as a prominent market for its products,
despite uncertain conditions with regard to the
future of bilateral relations and trade with the
U.S.
“Raven’s business plan still appears to be
heavily reliant on exporting their product to
Mexico,” said Dr. Pastor. “Despite Mexico’s
move towards greater energy independence
from the U.S., despite the fact that Mexico
already partners with Pemex to supply their
remaining fuel needs, and despite President
Trump’s threats of tariffs over ongoing
immigration disagreements. That’s a lot of
unpredictability.”
Pastor used the National Renewable Energy
Laboratory’s Jobs and Economic Development
Impacts tool - or JEDI - to estimate the number
of jobs that would be created by Raven’s
48

reduced-capacity facility and the cost of
construction - more than $500 million. While
Raven has made no public statements about
construction costs for the smaller facility, their
website claims the region will benefit from
“hundreds” of permanent full-time jobs once
construction is complete. However, the data
suggests the real number is closer to 50.
“Nobody I know is surprised to hear that
Raven is once again trying to oversell the
project,” said Bob Bruni, a landowner from the
area. “That would be consistent with [Moore’s]
typical approach. The difference now is that
folks around here are paying far less attention
to him than before.”
In 2017, Moore suffered a loss of credibility after
being accused of inflating the number of jobs
that would result from STEC, underestimating
the cost of construction, plagiarizing Raven’s
website, and withholding information from
local elected officials.
“What began as a potential employment
opportunity for more than a thousand South
Texas residents has now devolved into a story
about a shifty land developer who has yet to
name his investors, cannot defend discredited
job estimates, and cannot substantiate claims
that clients are ready to buy Raven’s products,”
said Webb County Judge Tano Tijerina. “He
continues to inflate his job numbers and
has made no attempt to correct for Mexico’s
changing energy market.”
About South Texans Against the
Refinery:
South Texans Against the Refinery (STAR)
is a coalition of residents, landowners,
and organizations concerned that Raven
Petroleum’s proposed refinery in the tri-county
area (Duval, Webb, and Jim Hogg counties)
will cause harmful air pollution, threaten local
water supplies, and disrupt area wildlife for
generations.
49

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NEWS
Hazardous Location
Thermostats
Industry
Hazardous Location Thermostats
market worldwide is projected to
grow by US$424.3 Million, driven by
a compounded growth of 7.4%. Line-
Voltage Thermostats, one of the segments
analyzed and sized in this study, displays the
potential to grow at over 7.3%. The shifting
dynamics supporting this growth makes it
critical for businesses in this space to keep
abreast of the changing pulse of the market.
Poised to reach over US$683.8 Million by the
year 2025, Line-Voltage Thermostats will bring
in healthy gains adding significant momentum
to global growth.
Representing the developed world, the United
States will maintain a 6.2% growth momentum.
Within Europe, which continues to remain an
important element in the world economy,
Germany will add over US$14.8 Million to
the region’s size and clout in the next 5 to 6
years. Over US$12.8 Million worth of projected
demand in the region will come from Rest of
Europe markets.
52

In Japan, Line-Voltage Thermostats will reach
a market size of US$35.5 Million by the close
of the analysis period. As the world’s second
largest economy and the new game changer
in global markets, China exhibits the potential
to grow at 10.9% over the next couple of
years and add approximately US$117.5
Million in terms of addressable opportunity for
the picking by aspiring businesses and their
astute leaders.
Presented in visually rich graphics are these
and many more need-to-know quantitative
data important in ensuring quality of strategy
decisions, be it entry into new markets or
allocation of resources within a portfolio.
Several macroeconomic factors and
internal market forces will shape growth
and development of demand patterns in
emerging countries in Asia-Pacific, Latin
America and the Middle East. All research
viewpoints presented are based on validated
engagements from influencers in the market,
whose opinions supersede all other research
methodologies.
Competitors identified in this market include,
among others, ABB Group; Emerson Electric
Company; Heatrex; Honeywell International,
Inc.; Indeeco; Johnson Controls, Inc.; Pentair
PLC; Proliphix; R. Stahl AG; Schneider Electric
SA; SSHC, Inc.; STEGO Elektrotechnik GmbH;
Tempco Electric Heater Corporation; Watlow
Electric Manufacturing Company
53

N E W S
S T O R I E S
Tips to Enhance Your
Workspace to Increase
Employee Productivity
employee efficiency while retaining their
mental well-being and happiness. Besides
self-grooming and training, workplace
ambiance also plays a major role in employee
productivity. If you have been ignoring the
significance of a healthy workplace, then it’s
time to pull it on top of your priority list:
Here are some tips for creating a workspace
that triggers your employees right on point to
produce the best results:
Update Office:
Here are some tips for creating
a workspace that triggers your
employees right on point to produce
the best results.
Every business yearns to turn into a corporate
giant and reach an unparalleled height where
no competitor can reach them. That’s why
every organization pays attention to boosting
employee working and productivity. No matter
how much competent and qualified your
employees are, there are always ways to bring
betterment in their performance and efficiency.
But most organizations don’t understand
that employee productivity isn’t all about
accomplishing an assigned task quickly and in
a better way. It’s about continuously improving
Positive change in the physical environment
of an office plays a significant role in
employee engagement and productivity. It
doesn’t mean that you should hire a designer
or create a lavishing space.
Focus on little things like proper furniture,
lightning, and equipment also create a
huge difference. The key is to create a
work environment which fosters new ideas,
creativity, and where employees don’t feel
depressed and bound.
Focus on little things like proper furniture,
lightning, and equipment also create a
huge difference. The key is to create a
work environment which fosters new ideas,
creativity, and where employees don’t feel
depressed and bound.
56

Organize your Office: You are wrong if you
think that a messy office symbolizes that you
are too busy creating great ideas. Don’t get
inspired by Einstein’s messy hair. Cluttered
and messy work environment hinders
creativity rather than fostering it.
Just imagine how you will feel if you enter a
space where spare chairs are rolling on the
floor, cartons are piled up in a corner, and
dust-covered broken printer and photocopy
machine are placed helplessly in the other
corner? Wouldn’t that be suffocating? So,
how can you expect your employees to work
in such an environment?
You should create a space to keep all these
spare, broken, and other service goods to
increase your workspace potential to do more.
You can choose any industrial shed design
according to your requirement and create a
place to place excessive and broken things
to get an organized workspace.
Give Personal Space:
Most organizations focus on creating a space
which fosters mutual coordination, harmony,
and collaboration for strong teamwork. But
little do they know that individual space is also
essential to enhance employee productivity.
requirements and mood. So, you should give
your employees the liberty to create a personal
workspace to enhance their productivity and
well-being.
Room for a Break:
Humans’ brain doesn’t like the feeling of
being bound. That’s why you start feeling dull
and depressed after sticking to a particular
space for a long time. A little change in the
environment has a pleasant impact on your
mood and creativity. Same goes with your
employees! Looking at the same walls, sitting
on a particular chair and living in the same
environment can decrease their productivity
and creativity.
It is essential to have a break room for your
employees where they can relax, recharge
their brain, and have a much-needed change
of environment for better productivity.
Your employees are not machines, they
are humans, and humans need favorable
ambiance and surroundings to produce
better results. Make sure you provide them
their desirable work environment if you want
your employees to show good performance
and company grow.
Employees feel more emotionally connected
to a personalized workspace, tailored to their
57

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N E W S
S T O R I E S
4 Tips for Restoring Your
OId Furniture
Your furniture is the life of your living room, and if it is getting old and rusty, it means
your living room is losing its charm. You can consider buying a new one, but that will
drain all your savings. Buying new furniture is not the only option you have if your
furniture has lost its beauty. There are several ways in which you can restore your
furniture and can make it look as good as new. You can lighten up your living room by using
the same furniture by just following a few DIY tips. Let’s have a look at a few tips that will help
you turn your new furniture into a new one.
Paint It Over
The easiest and the most effective tip to make your furniture look new is to paint it over. Most
of the time, the furniture looks dull because it loses its finish or original color. But, you can fix
that easily by giving it a new paint. This will also give you an opportunity to change the color
of the furniture. So, if there is a color which you always wanted to add in your living room, pick
that one and start painting. If you are creative, you can also paint designs on it. That way it will
feel like you just got the latest model from the market.
60

Use Wallpaper
If the idea of painting the furniture sounds too messy for you, then do not worry, you can forget
about that option and can always go for wallpapers. Covering it with paper will not just give it a
new design but it will also keep the surface protected. The best part about this is that you can find
thousands of different paper designs in the market. This allows you to choose the perfect match for
your living room. It also saves you the trouble of dipping your hands in paint.
Use Hole Plug
If your furniture is too old and has small holes in it, you can fix that as well by using hole plugs.
Hole plugs are designed specifically to cover furniture holes. They are mostly made with durable
plastics and are very reliable. They are very easy to install as well because all you need to do is
plug it. You can find hole plugs in various sizes, so you can always choose the one that will be
perfect for your furniture hole. They come in different colors and designs as well, so you can easily
find the one that matches your furniture color or texture.
Clean It Thoroughly
You can restore the look of your old furniture by doing something as simple as cleaning it deeply.
Everyone cleans their furniture regularly, but with time it gets a bit dull and requires deep cleaning.
Use soap or detergents to clean it properly; especially the leather part. You can also use a vacuum
cleaner as well to get out all the dust. Using shining cleaners can also give a lively look to your
furniture.
61

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N E W S
S T O R I E S
Digital Innovation
in the Construction
Industry
The future of real estate development
is digital innovation, with demand
for cost-effective, innovative and
sustainable buildings inspiring
data-led business models that will help fuel
the continued growth of the Middle East
construction industry, according to subject
matter experts at construction and real estate
consultancy, Drees & Sommer.
“Innovation and sustainability in construction,
specifically in connection with new digital
innovation solutions, are driving the future
of real estate in Asia,” said Dierk Mutschler,
CEO, Drees & Sommer.
“A gentle slowdown in some regional
markets coupled with the emergence of new
technology and business models will pave
the way for forward-thinking companies to
capitalise on these shifts. From 2020, the
increasingly competitive environment will
result in more demand for quality products,
leading to a longer-term focus on investment
in sustainable business models. After all,
future business models, products and
services will be measured not only by their
economic success, but by their impact on our
environment,” asserted Mutschler.
“Old business models will become obsolete,”
he continued. “Real estate developers and
contractors will need to truly understand
data and what digitisation means for the
construction industry. They will need to design
and construct buildings with the capacity to
adapt to new technology and future needs for
the next 50 to 80 years.
“Ultimately, digitisation means ‘software’. If
smart buildings are in danger of becoming
outdated, a software update can make them
state-of-the-art again. In our Drees & Sommer
innovation laboratories, we are researching
the use of regenerative technology, which
will help ensure buildings are adaptable and
future-proof – offering significant cost-saving
benefits too,“ said Mutschler.
64

He cited the findings of the KPMG Global
Construction Survey, which forecasts six to
10 percent growth in ASEAN’s construction
sector in 2020 and Global Construction 2020,
a report from PricewaterhouseCoopers,
Global Construction Perspectives and Oxford
Economics, which forecasts US $4.3 trillion will
be spent on construction in Asia over the next
decade, as indicative of the positive outlook for
the sector.
Degenhart commented: “The opportunities
for growth lie within these shifts and changes.
We predict that buildings will be completely
reimagined and investors will need to consider
how their business models will serve the new
demands of end users. Existing buildings
will also need extensive repositioning and
revitalisation in order to compete in the digitised
environment of the future.”
There are a host of smart technology solutions
already available, from 3D laser scanning
and digital innovation modular fabrication to
intelligent construction equipment and BIM
models for design and construction, not to
mention the use of IoT systems, robotics and
data-driven business models for operation.
Challenges lie in achieving the successful
integration or networking of multiple systems
from different technology providers and
critically, according to Degenhart, in realising a
change in mindset.
He said: “digital innovation solutions have the
power to dramatically impact the way we plan,
construct and operate buildings. According
to recent research by McKinsey & Company,
adopting digital innovation solutions throughout
every phase of the construction process could
increase market productivity by as much as 15
per cent and reduce project costs by up to 45
per cent.
“At Drees & Sommer, we are looking forward to
working with developers and investors seeking
to expand or enhance their portfolio in 2020, as
well as supporting those new to the region. Our
goal is to deliver cost-effective and sustainable
buildings, profitable real estate portfolios,
people-oriented working environments,
visionary mobility concepts and liveable cities,
” concluded Degenhart.
65

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N E W S
S T O R I E S
Anixa Biosciences’
Covid-19 Compounds
Expected to be Effective
Against the Delta Variant
Anixa Biosciences, Inc. (NASDAQ: ANIX), a biotechnology company focused on the
treatment and prevention of cancer and infectious diseases, announced today that
a genomic variant analysis indicates that its potential compounds may be even
more effective against the Delta variant than the original wild type SARS-CoV-2.
While vaccination has proven to be an effective strategy to prevent Covid-19, the need exists
for inexpensive, room-temperature stable, and orally bioavailable therapeutics for COVID-19.
Reasons for this need include the large percentage of individuals that have chosen to remain
unvaccinated, the logistics and expense of distributing the vaccines worldwide, the reduction
in efficacy that is seen for certain variants, and the expected need to continuously require
booster shots due to waning immunity.
Anixa’s program in collaboration with European partner MolGenie, focuses on identifying
novel, small molecule inhibitors of Mpro, the main protease of the virus. The current
68

compounds that Anixa is synthesizing and evaluating have demonstrated their ability to
inhibit the function of this protein, which the virus needs to replicate.
A key attribute of a successful therapeutic is the need to be effective against the prevailing
variants that are circulating, especially if such emerging variants are more infectious. Since
the authorized vaccines target a surface protein of the SARS-CoV-2, known as the spike
protein, variants demonstrating variability in evading the vaccines are characterized by
mutations in this protein. The prevailing variant of concern is known as the Delta variant.
In an attempt to evaluate whether the compounds Anixa is developing might be effective
against the Delta variant, Anixa undertook an analysis of the corresponding Mpro enzyme
mutations in the Delta variant. While mutations in the spike protein do not necessarily
force a mutation in other functional proteins like Mpro, Anixa’s analysis and published work
demonstrate that a key mutation in Mpro does exist for the Delta variant. Sequence analysis
of several Delta variant samples demonstrate that the Mpro enzyme often has a mutation that
replaces an asparagine (an amino acid) with leucine (another amino acid) at position 142,
near the binding site. This change makes the binding pocket of Mpro more hydrophobic.
By virtue of this change, the analysis indicates that Anixa’s novel compounds will be stronger
inhibitors of the variant Mpro than the wild-type (original).
“This analysis and conclusion is a theoretical study, but we are pleased that this analysis
indicates that our compounds should be effective against the Delta variant,” stated Dr. Amit
Kumar, President and CEO of Anixa Biosciences. “While this program is relatively early-stage
in development, we have already received inbound calls from pharmaceutical companies
and funding agencies interested in collaborating at the right time,” continued Dr. Kumar.
Dr. Lutz Weber, President and CEO of MolGenie, stated, “We continue to synthesize several
candidate compounds to identify the most potent drug candidate which we will take into preclinical
drug development.”
About Anixa Biosciences, Inc.
Anixa is a publicly-traded biotechnology company developing a number of programs
addressing cancer and infectious disease. Anixa’s therapeutics portfolio includes a cancer
immunotherapy program which uses a novel type of CAR-T, known as chimeric endocrine
receptor T-cell (CER-T) technology, and a Covid-19 therapeutics program focused on inhibiting
certain viral protein function. The company’s vaccine portfolio includes a vaccine to prevent
breast cancer, and specifically triple negative breast cancer (TNBC), the most deadly form of
the disease, and a vaccine to prevent ovarian cancer. These vaccine technologies focus on
immunizing against specific proteins that have been found to be expressed in certain forms
of cancer. Anixa continually examines emerging technologies in complementary fields for
further development and commercialization.
69

N E W S
S T O R I E S
Rise of Delta Variant
Triggers Return to
Workplace Concerns for
Nearly Half of U.S. Workers
This workforce sentiment research from Eagle
Hill Consulting comes as federal regulators
have granted full approval of the Pfizer-
BioNTech coronavirus vaccine and as many
employers announce delays in back to the
workplace plans due to rising COVID-19 delta
variant cases, hospitalizations and deaths,
largely among the unvaccinated.
New Eagle Hill Consulting Research
Finds 41 Percent of Employees
Support Higher Insurance Rates for
Unvaccinated Workers.
Workers Split on Employer Mandates for
Vaccinations and Vaccine Documentation.
Forty-four percent of working Americans
say that the rise of the COVID-19 delta
variant impacts their willingness to return to
the workplace. Fifty percent of workers say
the variant has increased concerns about
contracting COVID-19. Most workers say the
variant means they will take extra precautions
at work (61 percent) and in their personal life
(64 percent). Employees indicate that they
would feel more comfortable in their workplace
(64 percent) than going to a restaurant (36
percent) during the ongoing pandemic.
When asked about whether unvaccinated
employees should pay higher insurance
rates, a large share of workers (41 percent)
are supportive. Gen Z workers were least
supportive of higher insurance rates (23
percent), while Baby Boomers were most
supportive (45 percent).
The 2021 Eagle Hill Consulting COVID-19
Vaccines and the Workplace Survey measures
employee sentiment about COVID-19
vaccines, returning to the workplace, as well
as testing and safety protocols.
“Approval of the Pfizer-BioNTech vaccine is a
game changer for employers,” says Melissa
Jezior, Eagle Hill Consulting president and
chief executive officer. “With Food and Drug
Administration licensing, more employers
could mandate worker vaccinations.”
“At the same time, the COVID-19 summer
surge is upending employers return to the
workplace plans,” Jezior said. “A large portion
of the workforce is worried about the delta
variant, and many employers are taking action.
72

They’re delaying going back to the workplace,
announcing vaccine mandates, and keeping
health and safety protocols in place.”
“The key for employers is to remain flexible
and listen to employee views so they are
best positioned to navigate through even
more COVID-19 uncertainty. It’s even more
important for employers to fully understand
what employees want given the acute
labor shortage. Unlike the early days of the
pandemic, workers aren’t afraid to quit their
jobs. Retaining talent means creating a culture
and work environment – virtual or in person –
that is aligned with employee preferences,”
Jezior explained.
Employees are split on actions employer
should take before returning to in-person work,
according to the research.
Employees are evenly split (50/50) as to
whether employers should mandate vaccines
before workers return to the workplace.
Employees are slightly more supportive (58
percent) of employers asking about worker
vaccination status.
Workers are split as to whether employers
should provide proof of vaccination, with
52 percent supporting a documentation
requirement.
60 percent of workers support employers
offering incentives to vaccinated employees.
Nearly two-thirds (63 percent) support
employers instituting precautions for
unvaccinated employees.
Employees are increasingly supportive of
punitive actions for unvaccinated employees,
the polling reveals.
More than half (63 percent) of workers say
non-vaccinated employees should not be
given special allowances to work from home,
up from 55 percent in April.
Close to half of workers (51 percent) say nonvaccinated
employees should not be allowed
to travel for work, up from 44 percent in April.
Nearly half of workers (44 percent) say nonvaccinated
employees should not be permitted
to work in-person with customers, up from 39
percent in April.
Many workers (40 percent) say non-vaccinated
employees should be not allowed to work inperson
with co-workers, up from 35 percent in
April.
About three-fourths of workers (76 percent)
say non-vaccinated employees should be
able to stay with their employer, down from 83
percent in April.
There is broad support for employer COVID-19
testing and safety protocols according to the
survey.
Regarding social distancing, 77 percent
concur that employers should require or
encourage social distancing.
Regarding masks, 73 percent agree on
employers requiring or encouraging mask use.
For temperature checks at the workplace, 67
percent say employers should encourage or
require temperature checks.
When it comes to regular COVID-19 testing for
all employees, 61 percent support employers
requiring or encouraging testing.
73

N E W S
S T O R I E S
Medivolve Announces
New COVID-19 Testing
Mobile Vans Expanding
On-Site Testing
Opportunities to Schools,
Workplaces, and Events
76
Medivolve, Inc. (“Medivolve” or the “Company”) (NEO: MEDV) (OTC: COPRF) (FRA: 4NC)
today announced it will launch its first two mobile COVID-19 testing vans servicing Las Vegas,
Nevada and surrounding areas.
“This new initiative is one of Medivolve’s
many efforts to stopping the virus’s
spread through early detection,” says
David Preiner, CEO of Medivolve. “Going
mobile allows for immediate expansion and is
a cost-effective means of rapid deployment
of our resources in underserved areas as new
COVID-19 hotspots arise.”
Like the Company’s collection site locations,
Medivolve’s mobile testing vans are outfitted
with the appropriate testing equipment,
supplies, and technology to secure patient
registration. Service options include three
types of COVID-19 testing: rapid antigen
tests, PCR tests, and rapid antibody tests.
Depending on the test administered, rapid
test results will be available in 15 minutes
and PCR results within 2-10 business days.
As vaccine availability continues to ramp up,
the vans have been strategically designed
to easily transition to COVID-19 vaccine
administration sites.
“According to Medivolve’s medical advisors,
providing on-site testing services could reduce
exposure to those infected while also boosting
confidence in returning to work, school, or
attending events,” explains Preiner. “Many
organizations building complete workforce
strategies against COVID-19 are experiencing
hurdles in rapidly deploying testing solutions,

and we are honored to bring our resources
right to their business front.”
Mobile testing services for workplaces,
schools, and events can be scheduled
in coordination with Medivolve’s B2B onsite
testing services programs. For more
information, visit www.testbeforeyougo.com.
About Medivolve, Inc.
Medivolve, Inc. (NEO: MEDV; OTC: COPRF;
FRA:4NC) is a healthcare technology
company that seeks to reinvent the U.S.
healthcare system by leveraging a bespoke
telehealth platform, a clinical diagnostic
network, and a data-driven A.I. framework to
improve patient care.
The company was born out of the healthcare
crisis; to rethink, relearn and ultimately,
reimagine a better way for the healthcare
system to operate. Our network of retail
collection sites plays an essential role in
recovery by giving all Americans access
to fast, accurate, and inexpensive clinical
services when and where they need them.
These centers will also play a pivotal role in
diagnostic testing, vaccinations, and other
point-of-care services. We are building
disruptive technologies to make it easier and
faster to identify, treat, and prevent medical
issues. In doing so, we are working to give
patients a holistic and empowered view of their
personal health.
Our long-term mission is to permanently fix
systemic issues in the nation’s fragmented,
overly complex, and expensive healthcare
system. Medivolve’s next growth phase is about
pivoting the model and putting the pieces
together to build a profitable, SaaS-based healthtech
company. We bring data-driven clinical
diagnostics, physician recommendations, and
prescription medications directly to people, all
powered by a singular, streamlined technology
network. A powerful, singular purpose unites
our team: harnessing the transformative power
of technology to create healthier lives.
Underpinned by a bespoke, AI-driven platform,
we’re developing a stealth system that
constantly gets smarter, takes the guesswork
out of diagnostics, and flags critical health
issues immediately to deliver an unparalleled
level of personalization for each patient. We are
determined to push the boundaries of what’s
possible—not just for our business and our
shareholders, but for physicians and patients
and the future of healthcare. We strive to
achieve a continuity of care never seen before,
a game-changer for our business and patients
in the communities we serve.
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Virden
Meter
Since 1967
Sales & Services for:
PUMPS / METERS / VALVES / CONTROLS / SWITCHES
Instrumentation service
PLC/RTU Programming
Treater Parts
Shop & Field Calibrations
Combustion Services
SCADA Services
PSV Service
Shop & Field Repairs
Virden, Manitoba
Tel: 204-748-3704
Estevan, Saskatchewan
Tel: 306-634-5504
www.virdenmeter.com