Google has announced plans in a YouTube video that it plans to build a new submarine fiber optic cable connecting the
United States and Europe.

Per the report, the Grace Hopper Cable, named after a computer programming pioneer and Rear-Admiral in the United
States Navy, will be equipped with 16 fiber pairs that will incorporate advances in optical fiber switching. This will allow
for increased reliability in global communications by enabling Google to move traffic around if demand changes or if
there are connectivity issues. The company said that this is the first time this technology has been deployed and is part of
what makes Grace Hopper so unique, and noted that Google is continuously working to advance technologies like this to
improve subsea network resiliency.

The Grace Hopper Cable will run from the U.S. to the U.K. and Spain. Google customers will benefit from this cable by
better network resilience and reliability. It will join the other private cables that are part of Google’s network: Curie,
Dunant and Equiano. It will further connect Google Cloud regions and Google’s customers to one another.
When it is completed in 2022, the Grace Hopper cable will be one of only a handful of new cables to connect the U.S.
and the U.K. since 2003, when the transatlantic route was saturated by overbuilding during the cable boom around the
turn of the century. It will also mark the first investment by Google in a subsea cable network to Spain.

The Grace Hopper Cable will also be better able to connect America, the U.K. and the rest of Europe with the Equiano
cable, which is currently under construction between Portugal and the West Coast of Africa. It will increase capacity on
this busy transatlantic global crossroad and power Google services such as Meet, Gmail and Google Cloud. It will be
Google’s fourth wholly owned cable. In addition to these private cables, the company is also a member of a number of
consortiums that jointly operate cables around the world. In total, Google has now announced investments in 5 subsea
cable projects.

Nexans announced the sale of two companies that were planned prior to Covid-19, as well as steps that have been taken in response to the effects of the virus that has uprooted much of the world.

In its mid-year financial report, Nexans announced that it has agreed to sell Berk-Tek, a U.S.-based manufacturer of local area network cables, for $202 million, to Leviton Network Solutions. Berk-Tek is a leading manufacturer of local area network copper and fiber cables. Berk-Tek’s 350 employees, as well as its facilities located in Pennsylvania and North Carolina, are expected to move under Leviton ownership before the end of Q3-2020 subject to customary closing conditions.

“This transaction is a natural step in reinforcing the Berk-Tek and Leviton marketing alliance signed in 2013. The combination of both innovative, reliable and service-oriented brands will enable Leviton Network Solutions to offer fully integrated solutions,” the release said. The transaction has an enterprise value of US$202 million. Berk-Tek reported sales for US$163 million in 2019.

 “Berk-Tek is a highly respected North American cabling company with exceptional manufacturing and product development capabilities,” said Leviton President Daryoush Larizadeh. “By adding Berk-Tek to the Leviton family, we will be able to provide truly end-to-end solutions to our customers.” “Our Berk-Tek colleagues will join a long-term partner with the best strategic fit to answer customers’ demand around connectivity,” said Nexans CEO Christopher Guérin.

The second sale was for Nexans Metallurgie Deutschland GmbH (NMD), which specializes in oxygen-free copper drawing, to Mutares SE & Co. KGaA. The plant has annual capacity of 60,000 metric tons. NMD has 250 employees at two German sites in Bramsche and Neunburg. It serves first and second tier customers for automotive, white goods and industrial applications.

Mutares acquires and develops medium-sized industrial companies and operations of large corporations.

U.K.-based JDR Cable Systems, Inc. (JDR) has begun construction on a new 65,000-sf-ft U.S. headquarters on a 10-acre site in Tomball, Texas, that will combine three sites that were leased.

Per an article in the Houston Business Chronical that had information provided by JDR, a business of Poland’s TFKable, the site will be used to design and manufacture products for the oil and gas industry. The project, scheduled for completion in the first half of 2021, will allow JDR to expand its intervention workover control systems (IWOCS) rental business to support current demand.

The three leased locations collectively accounted for about 30,000 sq ft of space in northwest Houston. The new facility will include 45,000 sq ft of assembly and testing space, including a 60-ton overhead crane, and 20,000 sq ft of two-story office space. The site will see engineering and management for global projects, assembly of various oil field equipment and support for JDR’s offshore service business. Once the facility is complete, JDR plans to hire additional engineers and service technicians to expand its local presence. It will move 45 existing employees into the new facility and then hire five to 10 employees per year over the next five years.

“Beginning construction of our new Houston headquarters marks a significant milestone for our U.S. business,” said JDR General Manager Brian Davis.

The PolyOne Corporation, a leading global provider of specialized polymer materials, services and sustainable solutions, has completed its purchase of the color masterbatch businesses of Clariant and Clariant Chemicals India Ltd. PolyOne also announced that it has changed its name and will now be called Avient.

“We proudly welcome our newest associates and valued customers from Clariant Masterbatch,” said Avient President and CEO Robert M. Patterson. “They are joining us on Day 1 of this new era for our company, which as of today will be named Avient. Under this new brand, we bring two global leaders together to create a specialty company focused on sustainable solutions for our customers, being a great place to work for our associates, and creating value for all stakeholders.”

The Clariant Masterbatch business includes 46 manufacturing operations and technology centers in 29 countries and approximately 3,500 employees, who will join Avient’s Color, Additives and Inks segment.

“With this acquisition, Avient now expects over 85% of adjusted EBITDA to be generated from specialty applications,” said Patterson. “This is up from less than 10% when our specialty journey began over a decade ago. While we honor the legacies of our past organizations, under our new name Avient, we come together and look to the future as a world-class sustainable organization.”

The Prysmian Group has won a contract worth approximately €80 million to provide the submarine inter-array cable systems for the Saint-Brieuc offshore wind farm in France.

A press release said that Prysmian will provide some 90 km of three-core 66 kV HVAC XLPE-insulated inter-array cables. The cable cores will be manufactured at the Group’s sites in its French plants in Montereau-Fault-Yonne and Gron, and then be assembled and finished in its German plant in Nordenham, providing the French market with Prysmian’s state-of-the-art cable systems manufactured locally. Delivery and commissioning are scheduled for the end of 2022.

“This award confirms once again our technological leadership enabling the energy transition also in France, while also underlining our ability to provide our customers with locally manufactured solutions that ensure high performance,” said Hakan Ozmen, EVP, Projects Business Unit, Prysmian Group.

“This award represents an important milestone for Prysmian as it shows that our ambition to become a one-stop solution provider covering the entire supply chain is credible and sustainable,” said Olivier Angoulevant, BU Director Offshore Wind, Prysmian Group. “Our 66 kV cables system for inter-array networks allows twice as much power to be transported in comparison to 33 kV.”