Hill International is an international construction consulting firm. Founded in 1976, the company is currently headquartered in Marlton, New Jersey, United States. It will be moving its headquarters to Philadelphia, Pennsylvania, United States in May of 2015.In 2012, Engineering News-Record magazine ranked Hill as the 8th largest construction management firm-for-fee and the 10th largest program management firm in the U.S. Hill’s claims and consulting services include claims analysis, litigation support, expert witness testimony, cost and damages assessment, delay and disruption analysis, lender/technical advisory and the Project Neutral. Wikipedia.
News Article | April 17, 2017
PHILADELPHIA and IRVINE, Calif., April 17, 2017 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that John L. Haynes, PSP, FAACE, Director of Project Controls in Hill’s Irvine, California office, has been named a Fellow of AACE International. AACE Fellows are a select group of distinguished members who have made special contributions to the association and the profession. Haynes will formally receive his Fellow designation at AACE’s Annual Meeting to be held on June 13, 2017 at the Hyatt Regency in Orlando, Florida. Haynes has more than 30 years of project controls experience on various projects including airports, bridges, roadways, pipelines, high-speed rail systems, theme parks, water and wastewater facilities, recycling facilities and public buildings. He has been Chairman of AACE’s Western Winter Workshop for 13 of the past 14 years. Haynes holds a B.A. in music from the Musician’s Institute and he is a certified Planning and Scheduling Professional. “We congratulate John for this prestigious honor,” said Michael B. Smith, Hill’s Senior Vice President and Western Regional Manager. “We are very proud of his contributions to our company and to his profession,” added Smith. AACE International’s vision is to be the recognized technical authority in cost and schedule management for programs, projects, products, assets and services. AACE’s members enable organizations around the world to achieve their investment expectations by managing and controlling projects, programs, and portfolios and they create value by advancing technical knowledge and professional development. For more information on AACE, please visit their website at www.aacei.org. Hill International, with 4,300 professionals in 100 offices worldwide, provides program management, project management, construction management, construction claims and other consulting services primarily to the buildings, transportation, environmental, energy and industrial markets. Engineering News-Record magazine recently ranked Hill as the eighth largest construction management firm in the United States. For more information on Hill, please visit our website at www.hillintl.com.
News Article | April 19, 2017
LONDON, UK / ACCESSWIRE / April 19, 2017 / Active Wall St. blog coverage looks at the headline from Blank Check Company Harmony Merger Corp. (NASDAQ: HRMN). Harmony Merger and NextDecade LLC jointly announced on April 18, 2017, the signing of an agreement for a business combination transaction. On completion of the merger transaction, NextDecade, which is currently a privately held liquefied natural gas development Company, will become a publicly listed Company. Register with us now for your free membership and blog access at: http://www.activewallst.com/register/. One of Harmony Merger's competitors within the Conglomerates space, HRG Group, Inc. (NYSE: HRG), is estimated to report its earnings on May 09, 2017. AWS will be initiating a research report on HRG Group following the release of its next earnings results. Today, AWS is promoting its blog coverage on HRMN; touching on HRG. Get all of our free blog coverage and more by clicking on the link below: http://www.activewallst.com/register/. Commenting on the merger agreement, Kathleen Eisbrenner, Founder and CEO of NextDecade said: "We believe a transaction with Harmony will strengthen our ability to bring competitively priced, US-produced LNG to the world market in the early part of the next decade." "Following confirmatory due diligence activities, we believe that NextDecade's commercial, regulatory, and engineering standing affords the Company key competitive advantages and brings a unique opportunity for Harmony stockholders to participate at the development stage in an investment in the US LNG export market." The merger agreement is the result of the letter of intent signed by both Companies in March 2017. Harmony will bring to the table approximately $112.8 million cash in trust funds. The all-stock transaction will result in the formation of a merged entity with a pro-forma enterprise value of more than $1.0 billion at the close of the deal. NextDecade's shareholders will be entitled to additional contingent stock consideration of approximately $200 million, which will be payable on achieving certain pre-agreed milestones. Once the transaction is completed Harmony will own nearly 13% in the merged entity. The Boards of Directors of both Harmony and its Special Advisor have approved the merger agreement. NextDecade's Board of Managers as well as its members has also approved this deal. The transaction is expected to close in the later part of Q2 2017 subject to approvals from Harmony's shareholders and certain closing conditions. Details of the Parties to the Merger Agreement Harmony Merger Corp. – The New York based Company is a blank check firm, also known as a Special Purpose Acquisition Company (SPAC). It does not have any business operations but has raised $100 million via an IPO (Initial Public Offering). Its only objective is to merge with a private Company whose value is in the range of $250 million to $1.0 billion or more. Harmony's management team lead by CEO Eric Rosenfeld has successfully completed four SPAC transactions, including Hill International (NYSE: HIL), Primoris Services Corp. (NASDAQ: PRIM), SAExploration (NASDAQ: SAEX), and Pangaea Logistics Solutions (NASDAQ: PANL). Harmony had earlier on January 07, 2017 announced the merger with privately-held MUNDOmedia. However, the merger was terminated by MUNDOmedia in February 2017. The issue was resolved in early March 2017 with the merger being terminated amicably effective February 23, 2017. NextDecade LLC – The Woodlands, Texas based Company was founded in 2010 and is a project development and management firm of LNG projects. NextDecade is currently focused on a land-based LNG export project - Rio Grande LNG (RGLNG) in Brownsville, Texas located on the US Gulf Coast and Rio Bravo pipeline originating in the Agua Dulce market area. Apart from this the Company is exploring and developing opportunities in the US and across the globe in areas like creation of natural gas infrastructure, transportation and storage of LNG, and the trading of natural gas as LNG. NextDecade has submitted its pre-filing request to the Federal Energy Regulatory Commission (FERC) in March 2015 followed by a formal application in May 2016. The main investors and majority stakeholders in NextDecade include funds managed by York Capital Management, Valinor Management, and Halcyon Capital Management. At the close of trading session on Tuesday, April 18, 2017, Harmony Merger's stock price slipped 1.64% to end the day at $10.20. A total volume of 1.44 thousand shares were exchanged during the session. The Company's share price has gained 0.05% in the past one month and 0.29% on YTD basis. The stock currently has a market cap of $316.91 million. Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. AWS has not been compensated; directly or indirectly; for producing or publishing this document. 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News Article | May 24, 2017
Cosmos Inspires New Words and New Music Astronomer and poet Tony Berendsen has commissioned a new piano quintet by composer Stephanie Ann Boyd for members of the Reno Philharmonic. This is Berendsen’s second commission from New York City-based Boyd. The piece will be premiered this summer in Reno, Nevada, and at The Ritz-Carlton, Lake Tahoe, California. The new, three-movement piano quintet is based on Berendsen’s poem “Oh How We Wonder”, and will involve musicians from the Reno Philharmonic playing as the string quartet Accent. Berendsen often writes poems about the stars, affectionately known as “poastromy”. His immense love of the stars began at eight with the gift of a telescope and today he is the owner of Tahoe Star Tours, which operates in Nevada and California. “I’m so eager to work with Tony again on this project”, Boyd said. “His words and thoughts spin themselves into such striking verbal imagery that I feel like I’m simply translating his work into another language when I write music inspired by it; the music is already there.” Boyd’s previous piece for Berendsen, Astrum Agri, was based on his poem “Without Them”, and was commissioned last year. It premiered in August 2016. Stephanie Ann Boyd endeavors to write music that brings whimsical worlds to life, that is meaningful to audience and performer alike, and that refreshes and strengthens the creative spirit. Stephanie’s 2016/2017 season included the premieres of Tekton, a cello concerto for Alan Toda-Ambaras and the Eureka Orchestra; Rituum, a bassoon concerto commissioned by Eric Tyler Barga and performed by Andrew Marlin and the Cincinnati Soundbox Orchestra; other commissions included a co-commission involving 50 violinists across America and a solo sonata for bass trombone. Other recent highlights involved co-directing the Tuesday Night New Music concert series, winning New England Conservatory’s Donald Martino Prize for Excellence in Composition, being chosen as the NEC/Boston Modern Orchestra Project Competition winner, and having her violin concerto premiered in Jordan Hall by recent Michael Hill International Competition prize-winner Eunae Koh under the baton of Australian conductor Nathan Aspinall. More about Tony Berendsen can be found at http://www.tahoestartours.com/ More about Stephanie Ann Boyd can be found at http://stephanieannboyd.com
News Article | September 21, 2017
PHILADELPHIA, Sept. 21, 2017 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, today announced that the Board of Directors of the Company has determined that the Company will restate the Company’s previously issued financial statements for each of the years ended December 31, 2016, 2015 and 2014 and the quarters ended March 31, June 30, and September 30 in 2015 and 2016 included in the Company’s Annual Reports on Form 10-K and Quarterly Report on Form 10-Q for such periods and together with all three, six- and nine- month financial information contained therein and the Quarterly Report on Form 10-Q for the quarter ended March 31, 2017. The decision to restate follows a determination that the Company’s previous accounting treatment of foreign currency translation adjustments related to intercompany balances (“Foreign Currency Adjustments”) was not appropriate. As a result, all prior communications issued by the company as well as other prior statements made by or on behalf of the company relating to the periods under review for restatement (collectively, the “Non-Reliance Periods”) should not be relied upon. The Company intends to file the restated annual and quarterly financial statements for the Non-Reliance Periods (the “Restated Filings”) as soon as practicable. The Board’s decision to restate these financial statements is in connection with the Company’s on-going review of the accounting for the sale of the Company’s Construction Claims Group and other comprehensive income (loss), including the Foreign Currency Adjustments. The Company, with the assistance of outside financial consultants, is in the process of evaluating its historical and current practices with respect to accounting for Foreign Currency Adjustments in accordance with accounting principles generally accepted in the United States. In connection with this evaluation, the Company has determined that its previous accounting treatment for certain Foreign Currency Adjustments during the Non-Reliance Periods was not appropriate. Although the Company continues its assessment of adjustments that may be required, the Company currently expects that these adjustments will result in aggregate (1) increases in selling, general & administrative expenses; (2) decreases in operating profit; (3) decreases in accumulative other comprehensive loss; and (4) decreases in retained earnings. The preliminary overall net Foreign Currency Adjustment to previously reported results is expected to range between $25 million and $35 million across the Non-Reliance Periods. The Foreign Currency Adjustments result in pre-tax, non-cash financial statement corrections but are not currently expected to result in any significant change to stockholders’ equity. The amounts above are unaudited estimates and are subject to change, possibly materially. Additional information and disclosures associated with this restatement are contained in a Form 8-K to be filed today by the Company with the SEC, a copy of which will be available, free of charge, at www.sec.gov. Hill International, with 3,300 professionals in more than 50 offices worldwide, provides program management, project management, construction management and other consulting services to clients in a variety of market sectors. Engineering News-Record magazine recently ranked Hill as the eighth largest construction management firm in the United States. For more information on Hill, please visit our website at www.hillintl.com. Certain statements contained herein may be considered “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, and it is our intent that any such statements be protected by the safe harbor created thereby. Except for historical information, the matters set forth herein including, but not limited to, any projections of revenues, earnings, profit improvement, cost savings or other financial items; any statements concerning our plans, strategies and objectives for future operations; and any statements regarding future economic conditions or performance, are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and assumptions and are subject to certain risks and uncertainties. Although we believe that the expectations, estimates and assumptions reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results to differ materially from estimates or projections contained in our forward-looking statements are set forth in the Risk Factors section and elsewhere in the reports we have filed with the Securities and Exchange Commission, as well as the review of the Company’s accounting, accounting policies and internal control over financial reporting; the preparation of and the audit or review, as applicable, of Restated Filings; and the subsequent discovery of additional adjustments to the Company’s previously issued financial statements. We do not intend, and undertake no obligation, to update any forward-looking statement. Hill International, Inc. John Fanelli III Executive Vice President and Chief Financial Officer (215) 309-7906 email@example.com
Agency: European Commission | Branch: H2020 | Program: CSA | Phase: EE-19-2015 | Award Amount: 2.20M | Year: 2016
The transition to a low-carbon economy creates financial risk and opportunities. A key barrier for investors in responding to this risk relates to the shortcomings of the current landscape of asset valuation and credit risk models in capturing this financial risk and opportunity. The objective of the project is to develop an Energy Transition (ET) risk and opportunity assessment framework. The objectives of this framework are to help investors and policy makers understand the materiality of energy transition risk and opportunity, help investors assess this materiality for bond and equity portfolios, and engage with investors & policy makers on responding to these risks in order to mobilize capital for sustainable energy investment. The activities focus on seven key industries. The core focus is on building bottom-up databases, Energy transition risk and opportunity scenarios net margin impact models. These outputs will then feed into newly developed equity valuation (developed by Kepler-Cheuvreux) and credit risk models (developed by S&P Capital IQ). The project enables investors and analysts to implement these models into their investment decision-making, either through the assessment framework or directly equity and bond indices developed in the course of the project.
Lewis R.W.,Hill International
Toxicology Letters | Year: 2013
The European regulation on plant protection products (1107/2009) and other related legislation only support the marketing and use of chemical products on the basis that they do not induce endocrine disruption in humans or wildlife species. This legislation would appear to make the assumption that endocrine active chemicals should be managed differently from other chemicals presumably due to an assumed lack of a threshold for adverse effects. In the absence of agreed scientific criteria and guidance on how to identify and evaluate endocrine activity and disruption within these pieces of legislation, a European Centre for Ecotoxicology and Toxicology of Chemicals (ECETOC) task force was formed to provide scientific criteria that may be used within the context of these three legislative documents. The first ECETOC technical report and associated workshop, held in 2009, presented a science-based concept on how to identify endocrine activity and disrupting properties of chemicals for both human health and the environment. Specific scientific criteria for the determination of endocrine activity and disrupting properties that integrate information from both regulatory toxicity studies and mechanistic/screening studies were proposed. These criteria combined the nature of the adverse effects detected in studies which give concern for endocrine toxicity with an understanding of the mode of action of toxicity so that adverse effects can be explained scientifically. A key element in the data evaluation is the consideration of all available information in a weight-of-evidence approach.Both sets of data (evidence of the adverse effect in apical studies and conclusive mode of action knowledge) are essential in order to correctly identify endocrine disruption according to accepted definitions. As the legislation seeks to regulate chemicals on a mode of action rather than the more traditional approach of adverse endpoints, then conclusive evidence of the mode of action of concern should be presented. From a human safety perspective and in the absence of any compelling data that endocrine active chemicals exert their adverse effects through anything other than a threshold mechanism there is no scientific justification for not using a margin of exposure approach to risk assessment in order to best protect human health. © 2013 Elsevier Ireland Ltd.
Newman C.,Hill International
Human Resources for Health | Year: 2014
Gender is a key factor operating in the health workforce. Recent research evidence points to systemic gender discrimination and inequalities in health pre-service and in-service education and employment systems. Human resources for health (HRH) leaders' and researchers' lack of concerted attention to these inequalities is striking, given the recognition of other forms of discrimination in international labour rights and employment law discourse. If not acted upon, gender discrimination and inequalities result in systems inefficiencies that impede the development of the robust workforces needed to respond to today's critical health care needs.This commentary makes the case that there is a clear need for sex- and age-disaggregated and qualitative data to more precisely illuminate gender-related trends and dynamics in the health workforce. Because of their importance for measurement, the paper also presents definitions and examples of sex or gender discrimination and offers specific case examples.At a broader level, the commentary argues that gender equality should be an HRH research, leadership, and governance priority, where the aim is to strengthen health pre-service and continuing professional education and employment systems to achieve better health systems outcomes, including better health coverage. Good HRH leadership, governance, and management involve recognizing the diversity of health workforces, acknowledging gender constraints and opportunities, eliminating gender discrimination and equalizing opportunity, making health systems responsive to life course events, and protecting health workers' labour rights at all levels. A number of global, national and institution-level actions are proposed to move the gender equality and HRH agendas forward. © 2014 Newman; licensee BioMed Central Ltd.
Kaundun S.S.,Hill International
Pest Management Science | Year: 2014
Resistance to acetyl-CoA carboxylase herbicides is documented in at least 43 grass weeds and is particularly problematic in Lolium, Alopecurus and Avena species. Genetic studies have shown that resistance generally evolves independently and can be conferred by target-site mutations at ACCase codon positions 1781, 1999, 2027, 2041, 2078, 2088 and 2096. The level of resistance depends on the herbicides, recommended field rates, weed species, plant growth stages, specific amino acid changes and the number of gene copies and mutant ACCase alleles. Non-target-site resistance, or in essence metabolic resistance, is prevalent, multigenic and favoured under low-dose selection. Metabolic resistance can be specific but also broad, affecting other modes of action. Some target-site and metabolic-resistant biotypes are characterised by a fitness penalty. However, the significance for resistance regression in the absence of ACCase herbicides is yet to be determined over a practical timeframe. More recently, a fitness benefit has been reported in some populations containing the I1781L mutation in terms of vegetative and reproductive outputs and delayed germination. Several DNA-based methods have been developed to detect known ACCase resistance mutations, unlike metabolic resistance, as the genes remain elusive to date. Therefore, confirmation of resistance is still carried out via whole-plant herbicide bioassays. A growing number of monocotyledonous crops have been engineered to resist ACCase herbicides, thus increasing the options for grass weed control. While the science of ACCase herbicide resistance has progressed significantly over the past 10 years, several avenues provided in the present review remain to be explored for a better understanding of resistance to this important mode of action. © 2014 Society of Chemical Industry.
Baker C.M.,Hill International
Wiley Interdisciplinary Reviews: Computational Molecular Science | Year: 2015
Molecular dynamics simulations are well established for the study of biomolecular systems. Within these simulations, energy functions known as force fields are used to determine the forces acting on atoms and molecules. While these force fields have been very successful, they contain a number of approximations, included to overcome limitations in computing power. One of the most important of these approximations is the omission of polarizability, the process by which the charge distribution in a molecule changes in response to its environment. Since polarizability is known to be important in many biochemical situations, and since advances in computer hardware have reduced the need for approximations within force fields, there is major interest in the use of force fields that include an explicit representation of polarizability. As such, a number of polarizable force fields have been under development: these have been largely experimental, and their use restricted to specialized researchers. This situation is now changing. Parameters for fully optimized polarizable force fields are being published, and associated code incorporated into standard simulation software. Simulations on the hundred-nanosecond timescale are being reported, and are now within reach of all simulation scientists. In this overview, I examine the polarizable force fields available for the simulation of biomolecules, the systems to which they have been applied, and the benefits and challenges that polarizability can bring. In considering future directions for development of polarizable force fields, I examine lessons learnt from non-polarizable force fields, and highlight issues that remain to be addressed. © 2015 John Wiley & Sons, Ltd.
Taylor P.,Hill International
Current Opinion in Colloid and Interface Science | Year: 2011
Recent advances in the area of the wetting of leaf areas are reviewed with particular emphasis on their relation to agrochemical application. Areas reviewed include leaf wax composition, leaf wetting and superhydrophobicity, agrochemical deposit formation and spray retention. It is thought that most progress has been made in the area of leaf wetting through the work on lotus leaves. In the area of spray retention, factors such as plant type, spray solution properties and weathering of the plants are found to be keys. Recent progress in the modelling of spray retention is also discussed. © 2010 Elsevier Ltd.