FedEx Beats Q2 Earnings Expectations, Raises Full-Year Outlook Despite Stock Dip 
Citi Appoints Ryan Ellis as Head of Markets Sales for Australia and New Zealand 
Harris Associates Open to Revised Paramount Skydance Bid for Warner Bros Discovery 
Roche CEO Warns US Drug Price Deals Could Raise Costs of New Medicines in Switzerland 
Delta Air Lines President Glen Hauenstein to Retire, Leaving Legacy of Premium Strategy 
Elliott Management Takes $1 Billion Stake in Lululemon, Pushes for Leadership Change 
Toyota to Sell U.S.-Made Camry, Highlander, and Tundra in Japan From 2026 to Ease Trade Tensions 
Maersk Vessel Successfully Transits Red Sea After Nearly Two Years Amid Ongoing Security Concerns 
Bridgewater Associates Plans Major Employee Ownership Expansion in Milestone Year 
Instacart Stock Drops After FTC Probes AI-Based Price Discrimination Claims 
Union-Aligned Investors Question Amazon, Walmart and Alphabet on Trump Immigration Policies 
Nike Shares Slide as Margins Fall Again Amid China Slump and Costly Turnaround 
Dina Powell McCormick Resigns From Meta Board After Eight Months, May Take Advisory Role 
7-Eleven CEO Joe DePinto to Retire After Two Decades at the Helm 
Volaris and Viva Agree to Merge, Creating Mexico’s Largest Low-Cost Airline Group 
Oracle Stock Surges After Hours on TikTok Deal Optimism and OpenAI Fundraising Buzz 
Apple Opens iPhone to Alternative App Stores in Japan Under New Competition Law 
CAMBRIDGE, Mass., Aug. 09, 2016 -- GCP Applied Technologies Inc. (NYSE:GCP) announced today that it has completed the acquisition of all intellectual property and related assets within SensoCrete™, a Canadian technology company in the ready mix concrete industry.
The patented SensoCrete probe technology will augment GCP’s successful Verifi® system which uses sensors installed on ready mix trucks to measure, manage and record concrete properties in transit. Using cloud-based technology, Verifi customers are connected with real-time data that helps to improve the quality and performance of their concrete, increase productivity and accelerate job completion.
Incorporating SensoCrete technology into the Verifi system will extend the number and type of concrete properties measured. GCP’s sensor technologies, construction chemicals, and technical service expertise will offer ready mix customers an even greater range of accurate data, and in turn, significant commercial advantage.
“We pioneered data-driven concrete management in 2010 and have been leading the market ever since. By continuing to invest in our technology, GCP is helping our customers to win through improved quality, performance and productivity,” said Adam Grose, President, GCP Specialty Construction Chemicals. “Now we’re expanding our patent portfolio and broadening our technology offering in order to further enhance our business model and customer value proposition.”
“We are witnessing strong demand for Verifi, and we’re confident that the incorporation of SensoCrete will further accelerate this trend. GCP provides our customers with unprecedented visibility into their operations and their own delivered product,” said Grose.
For additional information please visit gcpat.com
About GCP Applied Technologies
Through applied knowledge and service excellence, GCP Applied Technologies (NYSE:GCP) provides premier specialty construction chemicals and specialty building materials for many of the world’s most renowned structures, and packaging technologies for the best-known consumer brands, delivering results for all our customers. With customers in 110 countries, operations on six continents, and a team of approximately 2,850 employees, GCP Applied Technologies had 2015 net sales of US $1.4 billion. Formerly part of the W.R. Grace & Co. group, GCP Applied Technologies Inc. became a NYSE-listed company (GCP) in February 2016, headquartered in Cambridge, Massachusetts, USA. More information is available at gcpat.com.
Contacts: Media Relations Victoria Dew [email protected] 617-335-9542 Investor Relations Joe Decristofaro [email protected] 617-498-2616
