Stanley Black & Decker accelerates its global Industry 4.0 “smart factory” initiative with an Advanced Manufacturing Center of Excellence in downtown Hartford

Stanley Black & Decker accelerates its global Industry 4.0 “smart factory” initiative with an Advanced Manufacturing Center of Excellence in downtown Hartford

 

  • Names Sudhi Bangalore to lead center that will eventually house approximately 50 Industry 4.0 professionals
  • Announces launch of STANLEY+Techstars Additive Manufacturing Accelerator to bring start-ups to Hartford

HARTFORD, Conn., 2017-Dec-06 — /EPR Retail News/ — Stanley Black & Decker (NYSE: SWK) today (Dec. 5, 2017) announced plans to open an Advanced Manufacturing Center of Excellence in downtown Hartford to accelerate its global Industry 4.0 “smart factory” initiative. Called “Manufactory 4.0,” named after the original Stanley Bolt Manufactory founded in 1843, the 23,000-square-foot Center will be located at One Constitution Plaza and will employ approximately 50 Industry 4.0 professionals. The company has appointed Sudhi Bangalore, most recently WIPRO’s Global Head of Smart Manufacturing and Industry 4.0 Solutions, to lead the center. The company is also launching an additive manufacturing accelerator with Techstars that will be housed at the new facility.

“Strong urban cores, and in particular a vibrant capital city, are essential to Connecticut’s ability to thrive which is why we decided to locate this important new initiative in Hartford,” said Stanley Black & Decker’s President and Chief Executive Officer Jim Loree. “Our team has worked closely with Mayor Bronin’s office, and we are excited to be a part of building a vibrant, strong capital city. With the budget now passed, the hard work can begin to solve some of the state’s structural fiscal challenges and put the state on a more sound economical path. We cannot lose the sense of urgency and must recognize that the state is at a critical juncture. As a company founded in New Britain, Connecticut, almost 175 years ago, we have expressed our commitment from a social responsibility perspective to being part of the solution.”

“Our Manufactory 4.0 will serve as the epicenter for the latest technologies and processes with respect to Industry 4.0,” said Don Allan, Chief Financial Officer for Stanley Black & Decker. “Just as Connecticut was at the heart of the first three Industrial Revolutions and has continued to have a strong manufacturing presence, we believe that the state has the potential to be a leader for what is often called the Fourth Industrial Revolution – the automation of manufacturing that includes the internet of things, cloud computing, artificial intelligence, 3-D printing, robotics and advanced materials. We are thrilled that Sudhi has joined the company to lead this effort, which is a critical component of our company’s 22/22 strategy.”

“Today’s announcement further cements Stanley Black & Decker’s reputation as a leading innovator in advanced manufacturing, and a tremendous partner to the State of Connecticut,” said Governor Dannel P. Malloy. “The Advanced Manufacturing Center of Excellence will be critical in spurring innovation and ensuring that our state continues to build upon our reputation as a global leader in advanced manufacturing. We are grateful to CEO Jim Loree for his partnership and extraordinary vision and commitment not only to Stanley Black & Decker, but to our capital city and the State of Connecticut as a whole.”

“I’m thrilled to welcome Stanley Black & Decker’s Advanced Manufacturing Center of Excellence and Additive Manufacturing Accelerator to Hartford, putting Connecticut’s Capital City at the leading edge of innovation in advanced manufacturing,” said Hartford Mayor Luke Bronin.  “Today’s announcement represents an enormous win in our effort to make Hartford a hub for innovation in our region’s core industries. I want to thank CEO Jim Loree and Stanley Black & Decker’s senior leadership for their inspiring commitment to reinventing manufacturing right here in Connecticut and right here in Connecticut’scapital city.”

Sudhi Bangalore will serve as Stanley Black & Decker’s Vice President of Industry 4.0, reporting to Allan, and has a deep expertise in Industry 4.0 and Digital Manufacturing. Leveraging a unique combination of operations and technology background, he has served as an expert advisor to shape and deploy Industry 4.0 strategies for several global customers. Prior to serving in his current role at WIPRO, he was the company’s Global Practice Head for Industrial Automation. He has held operations and business unit manager leadership roles across a number of leading technology companies, including Danaher Corporation, Siemens and Rockwell Automation. He earned a Bachelor’s in Electronic Engineering from Bangalore University, a Master’s in Industrial Engineering from the University of Louisville and an M.B.A. from Kent State University.

Stanley Black & Decker currently operates approximately 30 manufacturing facilities in the U.S., including three in Connecticut, with more than 100 manufacturing facilities globally. The company has three locations designated as “Lighthouse Factories,” that have partially implemented Industry 4.0 across their facilities from manufacturing execution systems (MES), to 3-D printing, virtual reality and artificial intelligence.

In addition, to support and accelerate innovation in Industry 4.0, the company has made a three-year commitment to partnering with Techstars, one of the world’s best startup accelerators, and is announcing the launch of the STANLEY+Techstars Additive Manufacturing Accelerator. The mentorship-driven, entrepreneurial accelerator program will identify 10 startups in the additive manufacturing space to participate in the program in the program’s first year. Companies will co-locate with Manufactory 4.0 and have access to mentoring and resources to grow their ideas into viable businesses, and bring new technologies to market. Additive manufacturing refers to 3-D printing and the collection of technologies that are used throughout the process, including those involved in rapid prototyping, rapid manufacturing and free form fabrication, among others. The application process will begin in January 2018. Similar programs will be run in 2019 and 2020, with 30 potential startups completing the process.

“Additive manufacturing is a field that is constantly evolving and will significantly change the manufacturing environment of the future,” said Corbin Walburger, Vice President of Business Development for Stanley Black & Decker. “The STANLEY+Techstars Additive Manufacturing Accelerator demonstrates our commitment to this emerging industry, and shows our intent to stay at the forefront of technological change and incorporate another example of innovative and disruptive technologies into our business model.”

About Stanley Black & Decker

Stanley Black & Decker, an S&P 500 and FORTUNE 500 company, is the world’s leading provider of tools and storage, the world’s second-largest commercial electronic security company, and a leading engineered fastening systems provider, with unique growth platforms in the Oil & Gas and Infrastructure industries. Well-known brands include: STANLEY, BLACK+DECKER, DEWALT, Porter-Cable, Bostitch, Facom, Mac Tools, Proto, Vidmar, Lista and more. Learn more at www.stanleyblackanddecker.com.

Media Contacts:

Shannon Lapierre
Vice President, Communications
Stanley Black & Decker
Phone: 860-259-7669
Email: Shannon.Lapierre@sbdinc.com

Tim Perra
Vice President, Public Affairs
Stanley Black & Decker
Phone: 860-826-3260
Email: Tim.Perra@sbdinc.com

SOURCE: Stanley Black & Decker

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Stanley Black & Decker appoints Dr. Mark Maybury to the newly created position of Chief Technology Officer

Stanley Black & Decker appoints Dr. Mark Maybury to the newly created position of Chief Technology Officer

 

NEW BRITAIN, Conn., 2017-Nov-14 — /EPR Retail News/ — Stanley Black & Decker (NYSE: SWK) has named Dr. Mark Maybury to the newly created position of Chief Technology Officer. Maybury joins the organization from The MITRE Corporation, where he held a variety of strategic technology leadership roles over 27 years. At Stanley Black & Decker, Maybury will form a small, agile team to work across the company’s businesses and functions to advise and counsel management on technological threats and opportunities, as well as provide access to all elements of the global technology ecosystem.

“Mark is a well-known and highly respected technology leader with an impressive wealth of knowledge and expertise critical to our technological journey,” said Stanley Black & Decker’s President and CEO Jim Loree. “Our aspiration is to become known as one of the world’s leading innovators, and we believe this is a key component of our strategy to achieve the 22/22 vision. As the pace of change continues to accelerate across the continuum of technologies, we are staffing our team with the right talent to navigate the changing world.”

Maybury most recently served as Vice President of Intelligence Portfolios and prior to that was MITRE’s Vice President and Chief Security Officer and Director of the National Cybersecurity Federally Funded Research and Development Center (FFRDC). Before joining MITRE, Maybury served as a U.S. Air Force officer. He later returned to the Air Force as Chief Scientist from 2010 to 2013 where he advised the Chief of Staff and Secretary of the Air Force on a wide range of scientific and technical issues.

He is currently a member of the Defense Science Board and recently completed multiple years of service on the Air Force Scientific Advisory Board and the Homeland Security Science and Technology Advisory committee. He is a fellow in both the IEEE and the Association for the Advancement of Artificial Intelligence. Maybury is widely published, having authored or edited 10 books and more than 60 publications.

Maybury earned a bachelor’s degree in mathematics from College of the Holy Cross (Fenwick Scholar, valedictorian), a master’s degree in computer speech and language processing from Cambridge University, England (Rotary Scholar), a master’s degree in business administration from Rensselaer Polytechnic Institute, and a doctoral degree in artificial intelligence also from Cambridge University.

About Stanley Black & Decker

Stanley Black & Decker, an S&P 500 and FORTUNE 500 company, is the world’s leading provider of tools and storage, the world’s second-largest commercial electronic security company, and a leading engineered fastening systems provider, with unique growth platforms in the Oil & Gas and Infrastructure industries. Well-known brands include: STANLEY, CRAFTSMAN, BLACK+DECKER, DEWALT, IRWIN, Lenox, Porter-Cable, Bostitch, Facom, Mac Tools, Proto, Vidmar, Lista, and more. Learn more at www.stanleyblackanddecker.com.

Media Contacts:
Tim Perra
Vice President, Public Affairs
Tim.Perra@sbdinc.com
860-826-3260

Dennis Lange
Vice President, Investor Relations
Dennis.Lange@sbdinc.com
860-827-3833

SOURCE: Stanley Black & Decker

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Stanley Black & Decker announces inclusion in the Dow Jones Sustainability Index, North America for the seventh consecutive year

NEW BRITAIN, Conn., 2017-Oct-05 — /EPR Retail News/ — Stanley Black & Decker (NYSE: SWK) has been selected as a component of the Dow Jones Sustainability Index (DJSI) for North America for the seventh consecutive year. Stanley Black & Decker’s overall score placed the company in the 86th percentile of the DJSI, up from 83rd last year.

“At Stanley Black & Decker, we recognize that we have a broader role to play in bettering our society. To us that means incorporating social responsibility into the day-to-day strategy and operations of our business so we all collectively win,” said Stanley Black & Decker’s President and CEO Jim Loree. “We are honored to be recognized by the Dow Jones Sustainability Index for the seventh consecutive year. It’s truly a reflection of the commitment of our 55,000 employees around the globe. They all want to make the world a better place by making our company more sustainable and I couldn’t be prouder of the team.”

The DJSI measures performance on more than 600 different data points in 22 different categories, including environmental stewardship, human rights, corporate philanthropy and much more. To be selected for the Index, companies undergo a thorough analysis of company-wide economic, environmental and social performance, assessing issues such as corporate governance, risk management, customer relationship management, product stewardship, supply chain standards and labor relations.

Stanley Black & Decker matched the highest score within the Machinery & Electrical Equipment sector for Corporate Governance and Climate Strategy, and delivered within the highest percentile in Corporate Governance, Climate Strategy and Talent Attraction & Retention. Most improved results noted in Innovation Management, Product Stewardship and Talent Attraction & Retention.

Companies are selected according to a systematic assessment that identifies the sustainability leaders in each of 57 industries. The research methodology for the Index includes general and industry-specific sustainability trends. Corporations are evaluated based on a variety of criteria including climate change strategies, energy consumption, human capital development, knowledge management, stakeholder relations and corporate governance.

About Stanley Black & Decker
Stanley Black & Decker, an S&P 500 and FORTUNE 500 company, is the world’s leading provider of tools and storage, the world’s second-largest commercial electronic security company, and a leading engineered fastening systems provider, with unique growth platforms in the Oil & Gas and Infrastructure industries. Well-known brands include: STANLEY, BLACK+DECKER, DEWALT, Porter-Cable, Bostitch, Facom, Mac Tools, Proto, Vidmar, Lista, and more. Learn more at www.stanleyblackanddecker.com.

About Dow Jones Sustainability Indices
The DJSI family is offered cooperatively by RobecoSAM Indices and S&P Dow Jones Indices. The family tracks the stock performance of the world’s leading companies in terms of economic, environmental and social criteria.  The indices serve as benchmarks for investors who integrate sustainability considerations into their portfolios, and provide an effective engagement platform for companies who want to adopt sustainable best practices. The DJSI for North America launched in September 2005 and reviews the top 20% of the 600 largest companies in the United States and Canada in terms of economic, environmental, and social criteria.

CONTACT:
Tim Perra
Stanley Black & Decker
Vice President, Public Affairs
(860) 826-3260
tim.perra@sbdinc.com

SOURCE: Stanley Black & Decker

Stanley Black & Decker commits up to $125,000 for immediate Hurricane Harvey disaster relief

NEW BRITAIN, Conn., 2017-Aug-29 — /EPR Retail News/ — As the images and stories of the devastation caused in Texas by Hurricane Harvey continue to mount, Stanley Black & Decker (NYSE: SWK) today (Aug. 28, 2017) announced a commitment of up to $125,000 for immediate distaster relief. The company will donate $50,000 to the American Red Cross and $25,000 to the Houston ToolBank, as well as double its Employee Matching Gifts program (matching employee gifts $2 for every $1 raised) to encourage its employees to quickly generate an additional $50,000. In addition, the company will be donating a fresh set of DEWALT, STANLEY and BLACK+DECKER tools and storage systems to the Houston ToolBank in an effort to double their impact during this time.

“Our thoughts and prayers are with the victims of this unprecedented event, including with our more than 650 employees across the state of Texas, more than 200 of whom are in the immediate Houston area,” said Jim Loree, President & CEO of Stanley Black & Decker. “We are committed to assisting those working to provide immediate relief today, and we are committed to working within the community to assist in the rebuilding efforts over time.”

The American Red Cross is one of the best-positioned organizations to provide on-the-ground relief when a disaster strikes. ToolBank is a 25-year-old nonprofit with a commitment to providing tools and supplies so that nonprofits can fulfill their missions without worrying about tool inventories. The ToolBank network has grown into ten metropolitan areas across the United States and now includes a Disaster Services Vehicle, which is a fully-stocked 18-wheel tractor trailer able to deploy when natural disasters strike. The ToolBank Disaster Services vehicle will be en route to the Houston area soon, where it will remain throughout the clean up and rebuilding process.

Through its support of ToolBank, the American Red Cross and other organizations, Stanley Black & Decker has a longstanding track record of providing disaster relief services, and a demonstrated commitment to rebuilding within the communities impacted by natural disasters.

About Stanley Black & Decker
Stanley Black & Decker, an S&P 500 and FORTUNE 500 company, is the world’s largest provider of tools and storage, the world’s second-largest commercial electronic security company, and a leading engineered fastening systems provider, with unique growth platforms in the Oil & Gas and Infrastructure industries. Well-known brands include: STANLEY, BLACK+DECKER, DEWALT, Craftsman, Porter-Cable, Bostitch, Facom, Mac Tools, Proto, Vidmar, Lista, and more. Learn more at http://www.stanleyblackanddecker.com.

CONTACT:
Tim Perra
Stanley Black & Decker
Vice President, Public Affairs
(860) 826-3260
tim.perra@sbdinc.com

SOURCE: Stanley Black & Decker

Stanley Black & Decker appoints Janet Link Senior Vice President, General Counsel and Secretary

Stanley Black & Decker appoints Janet Link Senior Vice President, General Counsel and Secretary

 

NEW BRITAIN, Conn., 2017-Jul-27 — /EPR Retail News/ — Stanley Black & Decker (NYSE: SWK) today (July 25, 2017) named Janet Link Senior Vice President, General Counsel and Secretary. Link joins Stanley Black & Decker from J.C. Penney Company where she served as General Counsel. She succeeds Bruce Beatt who is retiring from the company after 17 years of service and nearly 40 years in the legal field. Link’s appointment is effective immediately and Beatt will remain with the company for a transition period extending through April 2018.

“The Stanley Black & Decker team is appreciative of Bruce’s tireless devotion to the company’s success, and we wish him much enjoyment in his retirement,” said Stanley Black & Decker President & CEO Jim Loree. “We are thrilled that Janet is joining our team. Her seasoned legal background and expertise in the retail industry will be of significant value to our organization. In addition, we are confident Janet will continue stewarding the company’s focus on integrity in all our interactions, helping to ensure we maintain high standards of ethical conduct as we pursue our growth goals. Nothing could be more important to our company.”

Prior to J.C. Penney, Link held deputy general counsel positions at Clear Channel Outdoor Holdings, Inc., and CC Media Holdings, Inc. (now known as iHeartMedia). She began her legal career with a U.S. District Court clerkship in the Central District of California followed by a clerkship with the Honorable James R. Browning, U.S. Court of Appeals for the Ninth District. She was also a partner at Latham & Watkins.

Link earned her bachelor’s from Yale University and her J.D. from Columbia University School of Law.

About Stanley Black & Decker

Stanley Black & Decker, an S&P 500 company, is a diversified global provider of hand tools, power tools and related accessories, electronic security solutions, healthcare solutions, engineered fastening systems, and more. Learn more at www.stanleyblackanddecker.com.

Investor Contacts:

Greg Waybright
Vice President, Investor Relations
greg.waybright@sbdinc.com
(860) 827-3833

Dennis Lange
Vice President, Investor Relations
(860) 827-3833
dennis.lange@sbdinc.com

Media Contacts:

Shannon Lapierre
Vice President, Communications
shannon.lapierre@sbdinc.com
(860) 827-3575

Tim Perra
Vice President, Public Affairs
tim.perra@sbdinc.com
(860) 826-3260

SOURCE: Stanley Black & Decker

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Stanley Black & Decker opens new Breakthrough Innovation center in Boston

BOSTON, 2017-Jul-27 — /EPR Retail News/ — Stanley Black & Decker (NYSE: SWK) today (July 24, 2017) announced the opening of a new Breakthrough Innovation center in Boston dedicated to advancing technological innovation in the company’s Stanley Security business. The Stanley Security Futures Innovation Factory is the company’s 11th Innovation Center globally and will initially employ approximately 20 people in Boston’s Seaport District.

“We recognize that technological innovation is changing the world at an exponentially accelerating pace and that being at the forefront of disruption is essential to success,” said Jim Loree, Stanley Black & Decker’s president and CEO. “Today marks the opening of the company’s 11th breakthrough innovation center around the globe and this team in Boston will be dedicated to ensuring that we develop the most innovative solutions in the security space.”

“Stanely Black & Decker is a global leader in electronic security solutions, and I am proud to welcome the Stanley Security Futures Innovation Factory to the City of Boston,” said John F. Barros, Chief of Economic Development, City of Boston. “Boston’s innovation ecosystem of talent, concentration of technology companies, and collaborative entrepreneur community will help the Future Innovation Factory grow and thrive while Stanley Security tranforms the security technology industry.”

Stanley Security Futures Innovation Factory is focused on uncovering disruptive business models and exploring technologies to transform and secure our world. The team will specifically concentrate on automation, additive manufacturing and artificial intelligence in the Security space, as well as the rapid commercialization of breakthrough technologies.

On Monday, July 24th, the team officially opened their doors in a brand new space located at the Innovation and Design Building in the Seaport area, a center for startup activity and advanced research, adjacent to the innovation operations of technology and industrial leaders such as Autodesk and GE. Additionally, the space is located next to the MassChallenge Headquarters, a non-profit partner focused on start-up business acceleration. The STANLEY Security team will have the opportunity to catalyze ideas and tap into the MassChallenge and other resources for inspiration and collaboration.

Stanley Black & Decker operates the world’s second largest commercial electronic security business, a $2 billion business unit focused on advanced electronic safety, security and monitoring solutions, eco-friendly automatic doors, and sophisticated patient safety and asset tracking within the healthcare space.

About Stanley Black & Decker

Stanley Black & Decker, an S&P 500 and FORTUNE 500 company, is the world’s largest provider of tools and storage, the world’s second-largest commercial electronic security company, and a leading engineered fastening systems provider, with unique growth platforms in the Oil & Gas and Infrastructure industries. Well-known brands include: STANLEY, BLACK+DECKER, DEWALT, Craftsman, Porter-Cable, Bostitch, Facom, Mac Tools, Proto, Vidmar, Lista, and more. Learn more at http://www.stanleyblackanddecker.com.

Contact:

Tim Perra
Vice President of Public Affairs
860-826-3260
tim.perra@sbdinc.com

SOURCE: Stanley Black & Decker

Stanley Black & Decker President and CEO Jim Loree to present at the 2017 Electrical Products Group Conference

NEW BRITAIN, Conn, 2017-May-19 — /EPR Retail News/ — Stanley Black & Decker (NYSE: SWK) invites investors and the general public to listen to a webcast of a presentation by Jim Loree, President  and CEO, at the 2017 Electrical Products Group Conference in Longboat Key, FL on Monday, May 22, 2017 at 10:45 AM EDT. The live webcast will be available in the “Investors” section of the company’s website at www.stanleyblackanddecker.com. A replay of the webcast will be provided on the website and will be available for 90 days.

Stanley Black & Decker, an S&P 500 company, is a diversified global provider of hand tools, power tools and related accessories, electronic security solutions, healthcare solutions, engineered fastening systems, and more. Learn more at www.stanleyblackanddecker.com.

Contact:

Greg Waybright
Vice President, Investor Relations
(860) 827-3833
greg.waybright@sbdinc.com

Michelle Hards
Director, Investor Relations
(860) 827-3913
michelle.hards@sbdinc.com

SOURCE: Stanley Black & Decker