NORTH TONAWNDA, N.Y., Oct. 4, 2017
/PRNewswire/ -- Taylor Devices, Inc. (NASDAQ SmallCap: "TAYD")
announced today that social media giant Facebook has leased all
436,000 square feet of office space, totaling 33 floors, at the 181
Fremont Tower in San Francisco.
This new tower is arguably the most earth-quake resilient tall
building on the West Coast of the U.S., and utilizes Taylor
Devices' dampers as a primary part of its seismic protection
system.
"Facebook's recent $35 million
lease, the largest office lease in San
Francisco in the last three years, is proof positive that
sophisticated tenants are now willing to pay a premium for
buildings with superior seismic protection," stated Douglas P. Taylor, President of Taylor Devices.
He continued, "The new building uses 32 of our seismic dampers,
rated at 225 tons of absorption force each; every one of them
weighs as much as a compact automobile. The structural engineers
that designed 181 Freemont created a clever high-strength
exoskeleton that incorporated our dampers at the joints of the
building's frame to provide for wind and seismic protection. It is
very satisfying to know that a building that has been specifically
constructed to achieve immediate re-occupancy after a 1 in 475 year
earthquake is relying on our technology to accomplish that
result."
He continued, "Recently, the Torre Mayor building in
Mexico City, which is also
protected with our dampers, came through a catastrophic quake with
no structural damage, allowing for immediate re-occupancy and
minimal downtime for the businesses located there." He concluded,
"There are now more than 650 buildings, bridges and other major
structures worldwide that are using Taylor Devices' dampers for
seismic or wind protection."
The 181 Freemont Tower building is nearing completion and will
be the third tallest building in San
Francisco when completed, at 802 feet. The building uses a
resilience-based design approach to exceed California Building Code
mandated earthquake performance objectives and has earned a Gold
rating as outlined in the REDiā¢ Rating System.
Taylor Devices, Inc. is a 62 year old company engaged in the
design, development, manufacture & marketing of shock
absorption, rate control and energy storage devices for use in
various types of vehicles, machinery, equipment & structures.
The company continues to achieve growth in the developing seismic
protection field and in the isolation of wind-induced
vibrations.
Taylor's website can be visited at:
www.taylordevices.com
Taylor Devices, Inc.
Contact:
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Artie
Regan
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Regan &
Associates, Inc.
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(212) 587-3005
(phone)
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(212) 587-3006
(fax)
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info@reganproxy.com
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SOURCE Taylor Devices, Inc.