Fortem Technologies Wins “Innovative Security Product of the Year” From Future Security Awards 2019

PLEASANT GROVE, Utah, Sept. 25, 2019 (GLOBE NEWSWIRE) — Fortem Technologies, a leading provider of airspace awareness, safety and security solutions for a drone world, announces it has won the "Innovative Security Product of the Year" from Future Security Awards 2019, an award that recognizes the best security minds and projects in the Middle East. Fortem is expanding its presence in the Middle East through deployments of its airspace security solutions across a diverse range of sites.

"This week's devastating attack on Saudi Arabia's oil refineries has opened the public's eyes to security vulnerabilities facing the world's critical infrastructure above the fence line, and below existing air–defense systems," said Fortem Technologies CEO Tim Bean. "We created Fortem to prevent careless, clueless or malicious actors from misusing drones so that we can reap the benefits that drones bring to society. We're honored to be recognized for our solution in the Middle East and will diligently continue implementing our technology worldwide."

Future Security Awards, organized by tahawultech.com, a leading security media group in the Middle East, recognizes individuals, businesses and vendors that have delivered groundbreaking business value through innovative application of security technologies. Future Security Awards received over 150 nominations, and 23 organizations and IT security leaders were honoured at the awards ceremony, attended by 200 industry leaders. Images from the award ceremony can be found here.

“Most of the defensive systems built and deployed worldwide are designed to counter higher–end fast moving threats – not the multitude of smaller, low flying drones that are readily available today," said Jim Housinger, former Aircraft Carrier Strike Group Air Defense Commander and NATO Chief Operations Planner. "Fortem fills a critical void in capability by providing detection, acquisition and a method to safely capture and remove the threat, even in populated areas."

Fortem's array of solutions includes TrueView radar, the world's smallest, most accurate and cost efficient radar of its kind, as well as SkyDome , the adaptable AI platform that fuses TrueView radar and other sensor outputs to autonomously monitor any environment in 3D. By detecting and assessing airborne threats, SkyDome anticipates vulnerabilities and can alert personnel, cue defensive measures or launch DroneHunter to autonomously neutralize dangerous or malicious drones. SkyDome is the only platform that achieves total airspace awareness, safety and security.

About Fortem Technologies, Inc.

Fortem Technologies is the leader in airspace awareness, safety and security. Through an advanced ecosystem of distributed radar, AI at–the–edge, deep sensor integration and autonomous drone capture, Fortem monitors, protects and defends the world's corridors, venues, infrastructures, borders and regions from dangerous or malicious drone threats. The same ecosystem is accelerating the safety of the world's airspace for urban air mobility. Based in Pleasant Grove, Utah, the company is privately held and backed by Boeing, Signia Venture Partners, DCVC, Mubadala Investment Company and others. For more information, please visit www.fortemtech.com.

Contact:
Natalie Schoen
Fortem Technologies
616–799–5151
natalie@bamcommunications.biz

Madison Realty Capital Provides $76 Million in Financing for Mixed-Use Property at 85 Flatbush Avenue

NEW YORK, Sept. 25, 2019 (GLOBE NEWSWIRE) — Madison Realty Capital (MRC) provided a $76 million financing package that included both an MRC senior loan and additional mezzanine financing from Bluestone Group to fund the acquisition of a 12–story, 177,966–square–foot mixed–use building located at 85 Flatbush Avenue in Downtown Brooklyn. The recently constructed property includes the boutique Tillary hotel, featuring 176 rooms as well as a ballroom, restaurant, and a bar/lounge, and an attached 64–unit luxury multifamily building. The property also includes a separate parking garage.

The time–of–the–essence loan allowed this repeat MRC borrower, a partnership comprised of experienced regional developers Isaac Hager and Lipa Rubin, to complete the acquisition and cover all closing costs associated with the transaction.

"MRC's lending expertise and familiarity with the downtown Brooklyn market allowed us to quickly underwrite this transaction for the borrower and deliver on a time–of–the–essence closing schedule," said Josh Zegen, Co–Founder and Managing Principal of MRC. "We are pleased to provide the necessary funding for this well–positioned asset that benefits from the neighborhood's increased residential and commercial development and continued demand for professional services throughout the area."

The property was built in 2016 and is located on the corner of Flatbush Avenue Extension and Tillary Street, just off the base of the Manhattan Bridge within walking distance of several local attractions, most notably the Barclays Center. The hotel and residential components have separate designated entrances and function independently with some shared amenities that include a fitness center, boutique cafe, business center, meeting center, multiple roof decks and outdoor space, and parking.

About Madison Realty Capital (MRC)
Madison Realty Capital (MRC) is a New York City–based real estate private equity firm focused on debt and equity investment strategies. Founded in 2004, MRC has closed on approximately $11 billion of transactions in the multifamily, retail, office, industrial and hotel sectors. The firm manages investments in the United States on behalf of a global investor base. MRC is a fully integrated firm with over 60 employees across all real estate investment, development, and property management disciplines. Among other industry recognitions, MRC has been named to the Commercial Observer's prestigious "Power 100" list of New York City real estate players and is consistently cited as one of the industry's top construction lenders.

Media inquiries, contact
Great Ink Communications: (212) 741–2977
Tom Nolan "" tom@greatink.com
Al Barbarino "" al@greatink.com