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Ford chosen to head SCBIO Board of Directors

News Release
Contact:
Wayne Roper
864-354-4461
Wayne Roper, SCBIO

Ford chosen to head SCBIO Board of Directors

Erin Ford, an experienced life science executive and economic development professional has been named chair of the Board of Directors for South Carolina Biotechnology Industry Organization (SCBIO) for 2017.

“This year we will be demonstrating the economic impact our community of innovators in advanced medicines, medical devices and diagnostic therapies are bringing to the state,” Ford said. “We have come out of our most successful conference, have a record number of members and are seeing a real growth in our companies and economic development prospects.”

SCBIO has formed a partnership with the South Carolina Department of
Commerce to carry out a life science economic impact study with strategic growth
recommendations.

Ford is director of sales at Poly-Med, Inc., of Anderson, a global innovation
company developing leading edge absorbable polymers and constructs for the
medical device industry. Prior to her role at Poly-Med, Inc. Erin was life science
business recruitment officer at the Upstate SC Alliance.
She formerly served as an ex-officio SCBIO board member from 2013 to 2015 and
led a regional biosciences task force comprised of industry executives from the
Upstate region of South Carolina.

Other new executive officers for 2017 are:
Craig Walker, vice chair and CEO of VidiStar, LLC of Greenville; Michael Rusnak,
treasurer and executive director of MUSC’s Foundation for Research
Development; Kathryn Becker, secretary and principal at Translational Science
Solutions, LLC of Charleston; and Terrell Mills, executive committee and attorney
at Wyche of Greenville.
Other Directors named to the SCBIO board for 2016 include:
Darralyn Alexander, CEO and principal for Reimbursement Strategies, LLC of Myrtle Beach; Rick Brisbin, patent and intellectual property attorney for Haynsworth Sinkler Boyd, PA; Jerry Chang, vice president of business development for BioD, LLC of Greenville; Christian Graves, president of Carolina Biotechnology Group, Columbia; Martine LaBerge, chair, of the Clemson Department of Bioengineering; Sam Konduros, principal at SK Strategies of Greenville; Prakash Nagarkatti, vice president of research at the University of South Carolina, Columbia; Phil Vickery, senior director of manufacturing at Capsugel Americas, Greenwood.

SCBIO is a statewide nonprofit trade association representing the innovators and manufacturers of advanced medicines, medical devices, equipment, diagnostics and health care outcomes. Its members are researcher, entrepreneurs, executives and manufacturers who drive discovery, create therapies, relieve suffering and grow great companies.

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The Greenville Swamp Rabbits host 2nd Annual Business Power Play Presented by South State Bank

Greenville, S.C. | January 17, 2017 The Greenville Swamp Rabbits are excited to host the second annual Business Power Play event, presented by South State Bank. The event will be held on Thursday, February 16th at the Bon Secours Wellness Arena.

Business Power Play is a night that will bring together the business community, highlighting the important role local professionals’ play not only in economic development, but in the success of the Upstate. Part of that future success includes the involvement of Pulse Young Professionals a program of the Greenville Chamber’s Leadership Development. The program provides various networking opportunities throughout the year for YP’s to connect with peers and local business leaders. The Greenville Chamber’s Young Professionals will kick-off the year with a reception alongside business leaders before the game starts.

Local businesses provided tremendous support for last season’s event by participating as “Puck Promoters.” Similarly, as a part of their participation in the event, businesses receive a block of lower level tickets for the game, recognition throughout the evening and the opportunity to network among other Greenville businesses.

“We were thrilled with the support of last season’s Business Power Play, and we are excited to build on that success and have a great turnout this season,” said Chris Lewis, President and General Manager of the Swamp Rabbits. “This night provides a fun way for local companies to come together, network, share ideas and potentially create their own partnerships in a fun, exciting setting that provides a unique opportunity for business development.”

“We are excited to return as the presenting sponsor for Business Power Play and look forward to another successful event with the Greenville Swamp Rabbits,” said Mike Coggin, the Upstate regional president of South State Bank. “Business Power Play is a great way to celebrate the Greenville business community.”

For more information on Business Power Play and opportunities for involvement, please contact Emily Peck at emily@smoakpr.com or 864-235-8330.

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ABOUT THE GREENVILLE SWAMP RABBITS

The Swamp Rabbits are members of the ECHL, the nation’s premier “AA” hockey league, and are affiliated with the NHL’s New York Rangers and the AHL’s Hartford Wolf Pack. All home games are played at the Bon Secours Wellness Arena located at 650 N. Academy Street in downtown Greenville. For more information on the team, or to purchase tickets, visit http://www.swamprabbits.com/.

ABOUT SOUTH STATE BANK

South State Corporation is the largest bank holding company headquartered in South Carolina. Founded in 1933, the company’s primary subsidiary, South State Bank, has been serving the financial needs of its local communities in 24 South Carolina counties, 13 Georgia counties and 4 North Carolina counties for over 80 years.  The bank also operates Minis & Co., Inc. and First Southeast 401K Fiduciaries, Inc., both registered investment advisors; and First Southeast Investor Services, Inc., a limited purpose broker-dealer. South State Corporation has assets of approximately $8.6 billion and its stock is traded under the symbol SSB on the NASDAQ Global Select Market. More information can be found at www.SouthStateBank.com.

 

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SANDLAPPER Securities, LLC raises $40.34 million for Six Land Acquisitions for Webb Creek Management Group, LLC

Greenville, S.C. | January 13, 2017 – SANDLAPPER Securities, LLC (“SANDLAPPER”) raised $40.34 million for six land acquisitions syndications (“Companies”) sponsored by Webb Creek Management Group, LLC (“Webb Creek”) in 2016.  Webb Creek Management Group, LLC, is a Georgia-based firm that provides consultative services to individuals and company landowners seeking alternative uses of their property to maximize return.  Since 2011 they have successfully worked to secure conservation easements on thousands of acres of raw, unimproved land in the Southeast, protecting this land from future development and providing landowners with positive returns in the process.  SANDLAPPER has been the exclusive placement agent for Webb Creek since 2013 and has raised almost $108.6 million in 22 separate land syndications.

The Companies acquired approximately 3,077 of raw, unimproved land in Polk County, FL, Roane County, TN and Benton County, TN.  Geological testing of the Florida properties determined the highest economic use for the owners would be to quarry/mine limestone from the land.  The Tennessee properties are optimally placed for residential development.  Instead of developing these properties, the owners have all chosen to give up ALL development rights on each parcel of land, thus preserving the land for future generations placing the properties into a Conservation Easement.

“Conservations easements are voluntary encumbrances on land that create a permanent and legally enforceable land preservation agreement between a landowner and a qualified conservation organization,” said SANDLAPPER Securities Founder and CEO, Trevor Gordon.  “Making this donation to conservancy provides a significant charitable contribution individuals can take against their AGI when filing their taxes on the amount of value between the ‘conservation land value’ and the ‘highest and best use value’ of the land.  Conservation easements are a great win-win situation for the high income earner.  Land is preserved for future generations and the donor receives a significant write off, making this a great tool for the community and for an individual’s tax planning.”

“We were thrilled with the success of these deals in 2016,” said Bryan Kelley, CEO of Webb Creek Management Group.  “We are proud to partner with the SANDLAPPER Securities team to provide the opportunity to make larger investments in land than many may be able to accomplish alone.  We look forward to continued success in 2017.”

Founded in 2005, SANDLAPPER Securities is a full service independent broker dealer and dealer manager of alternative investment products.  For more information on SANDLAPPER Securities, LLC visit http://www.sandlappersecurities.com/.

ABOUT SANDLAPPER SECURITIES, LLC

SANDLAPPER Securities, LLC (Member FINRA/SIPC), is an award winning independent securities brokerage firm with registered representatives located throughout the United States. SANDLAPPER principals and founders Trevor Gordon and Jack Bixler, along with their senior management team bring more than 100 years of financial service, advisory, and management experience to the organization. In 2013, the company was named the #1 small business in South Carolina by SC Biz News. In 2016, for the fourth year in a row, the company was named one of the 5,000 fastest-growing private companies in America and number one Financial Services Company based in South Carolina by Inc. magazine. For more information visit www.sandlappersecurities.com.

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SANDLAPPER Securities, LLC raises over $3 million for Trenton Black River I, LP

Greenville, S.C. | January 11, 2017 – SANDLAPPER Securities, LLC (“SANDLAPPER”) raised more than $3 million for the Trenton-Black River I, LP (“Trenton-Black River”) a 40 Well Drilling Program sponsored by John Henry Oil Corporation (“John Henry”).  John Henry, a Kentucky-based corporation and the Managing General Partner of Trenton-Black River, has deep roots in the oil fields of Appalachia specializing in hydrocarbon exploration and development and over 90 years of highly successful regional experience.

Since breaking initial impounds and putting investment dollars to work, Trenton-Black River has drilled 14 test holes and six wells with two showing to be in very good oil zones and are scheduled to be completed for production to begin.  John Henry is currently running 25% ahead of budget on Trenton-Black River.

“Looking to shore up some year end tax deductions, drilling programs have often been highly sought out investment vehicles,” said SANDLAPPER Securities Founder and CEO, Trevor Gordon.  “With recent weakness in oil prices caused many to pull back from the sector in 2016, but those who see the continued strength on the sector stand to make sizable gains in oil as we have seen significant rebounds from market bottoms as of late.”

“We are thrilled with what SANDLAPPER was able to achieve for us in 2016,” said Connie Love, President and CEO of John Henry Oil Corporation.  “They understood the intrinsic value in the sector and really pushed hard for their clients to see beyond recent weakness in the space and look at the longer-term potential as oil prices rise.” Love continues, “Having these capital dollars to deploy in 2016 we were able to maximize our investments in equipment that had been repriced during the oil bottoming period and allowed us to exploit certain market conditions to ultimately create greater value for our partners and hopefully maximize profits.”

Founded in 2005, SANDLAPPER Securities is a full service independent broker dealer and dealer manager of alternative investment products.  For more information on SANDLAPPER Securities, LLC visit http://www.sandlappersecurities.com/.

ABOUT SANDLAPPER SECURITIES, LLC

SANDLAPPER Securities, LLC (Member FINRA/SIPC), is an award winning independent securities brokerage firm with registered representatives located throughout the United States. SANDLAPPER principals and founders Trevor Gordon and Jack Bixler, along with their senior management team bring more than 100 years of financial service, advisory, and management experience to the organization. In 2013, the company was named the #1 small business in South Carolina by SC Biz News. In 2016, for the fourth year in a row, the company was named one of the 5,000 fastest-growing private companies in America and number one Financial Services Company based in South Carolina by Inc. magazine. For more information visit www.sandlappersecurities.com.

Proterra
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Proterra Secures $140M in Series 5 Funding for new High-Growth Phase of Capacity Expansion and Product Development

BURLINGAME, Calif., January 3, 2017 – Proterra, the leading innovator in heavy-duty electric transportation, today announced that it has raised $140 million in a Series 5 round. Proterra partnered with J.P. Morgan to close the equity funding, which was led by $40 million from an undisclosed investor, an additional $60 million from several new investors, and joined by existing board level investors Tao Capital Partners, Kleiner Perkins, GM Ventures, Constellation Technology Ventures, 88 Green Ventures, Edison Energy, Inc. and others. This growth equity financing signals an accelerated manufacturing phase for Proterra, as the company doubles production to meet growing customer demand across the United States.

The investment and increased valuation reflect the recent accomplishments of the Proterra team and its goal to set the gold standard for industry firsts in innovation. In September 2016, its engineering team unveiled what is now the world’s most efficient battery system for heavy-duty transportation, offering a 350-mile nominal range in the new Catalyst E2 Series, capable of executing any typical U.S. mass transit route on a single charge. In addition, the company’s 2016 sales awards more than doubled from 2015.

“2016 was an exceptional year for Proterra, and the future growth of this company looks just as promising as it hits a tipping point with transit agencies who are embracing the pivot from diesel- and CNG-powered buses to zero emission mass transit,” said Rob Johnson, chairman of the Proterra board of directors and a partner at Kleiner Perkins Caufield & Byers. “Proterra’s new Catalyst E2 Series represents the first direct replacement for fossil-fueled buses. It is more cost-effective, offers positive public health and environmental benefits and simply outperforms diesel.”

With $140 million of new capital, Proterra will dramatically accelerate production capacity on both coasts, while continuing to develop its next generation of heavy-duty electric vehicle products. Proterra aims to increase production in its East Coast facility, located in Greenville, South Carolina, by 300 percent and initiate production in its City of Industry facility in Los Angeles County. Combined, the facilities will more efficiently serve customers around the U.S. Proterra will hire key personnel in Los Angeles, Silicon Valley and Greenville to support production growth, as well as implement new manufacturing equipment and systems.

“The size of the round and the diversity of our investors reflects what we’re seeing around the world as institutions and businesses divest from fossil fuels,” said Ryan Popple, Proterra CEO. “We thank our existing investors for their support and welcome our new investors as we continue to deliver on the promise of a cleaner future for all communities.”

About Proterra:

Proterra is a leader in the design and manufacture of zero-emission vehicles that enable bus fleet operators to eliminate the dependency on fossil fuels and to significantly reduce operating costs while delivering clean, quiet transportation to the community. Proterra has sold more than 300 vehicles to 35 different municipal, university, and commercial transit agencies throughout North America. Proterra’s configurable EV platform, battery and charging options make its buses well suited for a wide range of transit and campus routes. With unmatched durability and energy efficiency based on rigorous U.S. certification testing, Proterra products are proudly designed, engineered and manufactured in America, with offices in Silicon Valley, South Carolina, and Los Angeles. For more information, visit: http://www.proterra.com and follow us on Twitter @Proterra_Inc.