Additionally, the construction of new data centers is lagging behind the rapid growth in AI demand. This means that existing GPU facilities, like those owned by Riot, could soon be highly sought after. In the meantime, investors can appreciate Riot's dual exposure to the crypto market, which saw a 40% surge in Bitcoin over the past six months, and its potential future in AI energy solutions. Riot Platforms (RIOT) Riot established a revenue stream by selling unused energy back to local municipalities and uti ...

The Cemetery Brook Drain Tunnel is the centerpiece of Phase II in Manchester's more than $338 million investment to address CSOs and improve Merrimack River water quality. The new drainage system will include a two-mile long, 12-foot inside diameter tunnel, constructed 30 to 80 feet below ground with seven drop shafts along its length to receive flows. The city will also leverage the project to upgrade utilities, rebuild roads, add curbing, sidewalks, crosswalks, bike lanes, and other amenities. About Parso ...

CHANTILLY, Va., June 26, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was selected by the City of Manchester, New Hampshire, to help deliver the new Cemetery Brook Drain Tunnel Project, the city's largest public works project to date. The three-year, $16 million contract includes program and construction management (PM/CM) services for the project, designed to help mitigate the risk of flooding in the city, eradicate combined sewer overflow (CSO) discharges into ...

"At Parsons, we believe in harnessing the power of technology to solve real-world problems," said Jason Yaley, Parsons' Chief Communications Officer. "Through our partnership with Technovation we are investing not just in technology, but in tomorrow's leaders. Together we are shaping an innovative and inclusive future for the tech industry and imagining what's next in tech solutions that advance our global community." "Parsons' emphasis on technological innovation and problem-solving aligns perfectly with o ...

Core Perspective - Parsons Corporation is expanding its partnership with Technovation to empower girls globally in technology and leadership roles, emphasizing the importance of innovation and inclusivity in the tech industry [9]. Group 1: Partnership and Initiatives - The partnership with Technovation aims to invest in future leaders by providing mentorship and support for girls aged 8-18 to develop AI and app-based technologies [3][4]. - In 2023, over 100 Parsons employees volunteered for the Technovation Girls competition, showcasing participants' problem-solving and technology skills [6]. Group 2: Company Values and Culture - Parsons emphasizes a "people first" culture, prioritizing the health and wellbeing of its over 18,000 global employees, and has been recognized for its strong corporate culture and ethical behavior [7]. - The company is committed to supporting STEM-related nonprofits and initiatives that foster vibrant communities, reflecting its dedication to social responsibility [1]. Group 3: Company Overview - Parsons is a leading provider of disruptive technology in national security and global infrastructure markets, with capabilities in various sectors including cyber and intelligence, space and missile defense, and urban development [8].

Since 2022, Parsons has worked closely with NITTEC to design, develop, and implement the first bi-national deployment of AllRoads. The solution is built on Parsons' artificial intelligence (AI) based Smart Mobility Solution, iNET®, which seamlessly integrates with the client's existing advanced traffic management system, transit operations, and traffic signal network. The integrated mobility management system furthers NITTEC's goal of safe and efficient regional transportation by optimizing data transparenc ...

Core Insights - Parsons Corporation and NITTEC have successfully launched AllRoads, an integrated regional mobility management system for the Buffalo-Niagara region [1][2] - The AllRoads system is the first bi-national deployment of Parsons' AI-based Smart Mobility Solution, iNET®, enhancing data transparency and collaboration among agencies [2][4] Company Overview - Parsons is a leading provider of disruptive technology in national security and global infrastructure, with expertise in various sectors including transportation and urban development [7] - The company emphasizes its commitment to innovative solutions tailored to client needs, as demonstrated by the AllRoads project [5] Industry Context - The transportation system in the Niagara region is vital for North America's economy, serving as a key trade gateway between the U.S. and Canada [5][8] - NITTEC aims to improve mobility, reliability, and safety on the bi-national multimodal transportation network through enhanced information sharing and coordinated operations [8]

The contract requires system integration and cloud management services to implement an enterprise solution for ingesting, archiving, processing, and disseminating Space Situational Awareness (SSA) data and products. TraCSS will eventually take over civil space traffic coordination services from the Department of Defense (DoD), as directed by Space Policy Directive 3 in 2018. Plus3 IT serves as the cloud innovation team, providing a well-architected, scalable, and secure cloud-based architecture for the coll ...

CHANTILLY, Va., June 06, 2024 (GLOBE NEWSWIRE) -- Parsons announced today that the company had received the Yukon Regional Business Sustainability Award for its Faro Mine Remediation project in Yukon, Canada. This inaugural award celebrates Yukon businesses dedicated to building a greener economy by integrating sustainable practices into business models, while prioritizing First Nations reconciliation and collaboration. The Environmental Careers Organization (ECO) of Canada delivered this groundbreaking rec ...

"The Parsons team is diverse, dedicated, and passionate about delivering this project and bringing lasting change to the community," said Mark Fialkowski, president, Infrastructure North America for Parsons. "Parsons is committed to delivering sustainable solutions across Canada, and particularly at Faro Mine as part of this important environmental remediation program." CHANTILLY, Va., June 06, 2024 (GLOBE NEWSWIRE) -- Parsons announced today that the company had received the Yukon Regional Business Sustain ...