Here is Read Magazine’s Weekly Roundup of the top news from global markets. In this fast-paced world, breaking down information helps readers grasp the nuances that follow the news.
In Aerospace news this week…
Terran Orbital’s Tyvak Secures $254M Prototype Deal for T2TL Gamma
Tyvak Nano-Satellite Systems, Inc., Irvine, California, a global leader in satellite-based solutions primarily serving the aerospace and defense industries, is proud to announce it has been chosen by the Space Development Agency (SDA) to produce 10 satellites for the Tranche 2 Transport Layer (T2TL) Gamma contract.
In Agritech news this week…
CropX & CNH Partner for Sustainable Precision Farming
CropX Ltd., a global leader in digital agriculture solutions, and CNH Industrial N.V , a leading manufacturer of agricultural machinery and technology, announce a new application programming interface (API) connection between the CropX agronomic farm management system and Case IH and New Holland Agriculture equipment. This integration automates the transfer of data from CNH machinery to CropX for data visualization, record-keeping, planning, and variable-rate applications.
In Automotive news this week…
Altair & Oasys Partner to Redefine Crash Simulation Pre-Processing
Altair a global leader in computational intelligence, and Oasys, the software house of Arup, a global collective of designers, consultants and experts dedicated to sustainable development, announced a joint development agreement to deliver an integrated solution for safety simulation modeling in the automotive market.
In BFSI news this week…
Socket Mobile Launches S320 QR Code Payment Reader
Socket Mobile, a leading provider of data capture and delivery solutions designed to enhance workplace productivity, is excited to announce the launch of the SocketScan S320, a countertop QR code payment reader designed to facilitate consumer-presented QR code operations. With a primary focus on QR code payments, the S320 provides a reliable and efficient solution for consumers to complete transactions by simply presenting their QR code credentials.
In Biotech this week…
Cayman & Certest Partner to Expand Lipid Nanoparticle Access
Cayman Chemical, a leading supplier of high-quality lipids and tools for lipid nanoparticle (LNP) research and development, and Certest Pharma, a biotechnology company focused on infectious disease and advanced nucleic acid-based therapies, announced a new partnership to make Certest proprietary ionizable lipids available for LNP research through Cayman’s online catalog and global network of distributors.
PPG Introduces PITT-THERM 909 Spray Insulation for Oil & Gas
PPG announced the launch of PPG PITT-THERM® 909 spray-on insulation (SOI) coating. This silicone-based coating is designed for high-heat environments in the oil and gas, chemical, petrochemical and other critical infrastructure industries, where it provides improved safety, asset protection and operational efficiency compared to traditional thermal insulative materials.
In Defence Technology news this week…
Leonardo DRS Wins $49M Contract for Advanced Assault Bridges
Leonardo DRS, Inc. announced that it has been awarded a contract to build additional advanced Joint Assault Bridge systems for the U.S. Army and the Romanian military (through a Foreign Military Sales agreement). Under the contract, the award is worth more than $49 million. The Joint Assault Bridge (JAB) is a next-generation track-wheeled armored engineer vehicle built on a modified M1A1 Abrams Main Battle Tank chassis.
In Energy, Power and Sustainability news this week…
Gevo to Provide Low-Carbon Racing Fuel to Shell
Gevo, Inc. announced a purchase agreement for its low-carbon intensity fuel blendstock with Shell Global Solutions Deutschland GmbH (“Shell”) for use in motorsports. Gevo’s renewable blendstock is suitable for premium motorsport fuels, demonstrating that sustainability and peak performance belong together.
In Food & Beverage this week…
Aptean Enhances Food & Beverage ERP with AI
Aptean Inc., a global frontrunner in mission-critical ERP solutions, announces the delivery of tailored Artificial Intelligence embedded in its cloud-native Aptean Food & Beverage ERP. With a strong history of transforming the ERP landscape, Aptean continues to revolutionize the Food and Beverage sector with advanced AI capabilities that drive greater business efficiency, accelerate operational success and create competitive advantage for customers.
In Healthcare this week…
WellSky and Atlantic Health Expand Partnership to Boost Post-Discharge Care
WellSky, a leading health and community care technology company, announced the expansion of its partnership with Atlantic Health System (Atlantic Health), a premier provider of healthcare in New Jersey. Building on the successful implementation of real-time post-acute performance analytics solution, CarePort Insight, in 2021, Atlantic Health is further strengthening care coordination and patient management across the healthcare continuum with CarePort Connect.
In Information Technology this week…
Deltek Launches New Innovations for Government Contractors
Deltek, the leading global provider of software and solutions for project-based businesses, recently announced new enhancements to its purpose-built solutions for government contractors. These innovative features build upon Deltek’s decades of experience delivering project-based businesses the solutions they need to run their organizations. These include adding additional functionality to Deltek’s AI-powered business companion, Dela™, as well as several updates focused on addressing the unique requirements of aerospace and defense manufacturers.
In IoT this week…
Infogrid Acquires Buildings IOT’s Adaptivetech for AI Energy Boost
Infogrid, the building intelligence and analytics company leveraging AI and data to curb the impact of the global real estate sector on the planet, announces its acquisition of Buildings IOT’s market-leading adaptive buildings technology. This strategic move will enhance Infogrid’s ability to deliver autonomous actions that optimize building efficiency and generate significant energy, carbon, and cost savings for clients at global scale, leading the industry in a transition from pure analytics to genuine building automation.
In Logistics and Supply Chain this week…
GoodShip Integrates DAT iQ into Freight Platform
GoodShip announced a new data partnership with DAT Freight & Analytics to surface DAT iQ spot and contract rates within GoodShip’s all-in-one freight orchestration platform. The integration will expand GoodShip customers’ ability to benchmark contract and spot rates, analyze carrier bids, and receive smart recommendations for top savings opportunities.
In Materials this week…
LYB acquires APK AG Recycling Technologies
LyondellBasell (LYB) announced that it has entered into an agreement to fully acquire APK AG in Merseburg, Germany. The acquisition will enable LYB to expand and grow its Circular and Low Carbon Solutions business.
Completion of the transaction is subject to customary closing conditions. LYB believes that APK’s solvent-based recycling technology is a perfect fit with the company’s existing mechanical and advanced recycling technologies, which is why it has invested in the company in the past and worked together to deploy the technology at scale.
In Madical devices this week…
Paragonix Technologies to be Acquired by Getinge
Paragonix Technologies, a leading organ transplant company, announced that it has entered into a definitive agreement to be acquired by Getinge. This strategic acquisition will enhance Getinge’s global healthcare portfolio to also address needs in solid organ transplantation. Getinge’s global reach will expand access of Paragonix’s innovative organ transplant technologies to new markets while also creating opportunities for combining the organ containment and blood perfusion technologies of the two companies for new innovations. Paragonix and Getinge share a vision to deliver market-leading solutions across the entire spectrum of transplant care.
In Retail this week…
Briscoe Group Teams with Impact Analytics for Retail Data
Impact Analytics, the pioneer in AI-powered planning, merchandising and pricing solutions, announced it has partnered with Briscoe Group, a leading retail conglomerate in New Zealand which operates Briscoes Homewares and Rebel Sport. Under the terms of the partnership, Briscoe Group will implement the Impact Analytics AI-Merchandising & Supply Chain platform, including PlanSmart, AssortSmart, InventorySmart, and AttributeSmart, to make data-driven decisions, improve forecasting accuracy, enhance inventory management, and ultimately deliver a superior customer experience.
In Semiconductor & Electronics this week…
Renesas Unveils Compact Sensor Module for Air Quality Monitoring
Renesas Electronics Corporation, a premier supplier of advanced semiconductor solutions, introduced an advanced all-in-one sensor module designed for indoor air quality monitoring. The RRH62000, the first multi-sensor air quality module from Renesas, integrates multiple sensor parameters in a compact design and accurately detects different particle sizes, volatile organic compounds and gasses harmful to human health.
In Smart lighting this week…
Schneider Electric Upgrades X Series with Matter Support
Schneider Electric, the leader in the digital transformation of energy management and automation, announced the addition of Matter protocols to its Schneider X Series connected wiring devices line. This enhanced communications functionality will increase compatibility across major smart home ecosystems providing greater integration to simplify home energy management. Recently recognized as the world’s most sustainable company, Schneider Electric continues to lead in smart home energy management with cutting-edge solutions to support homeowners, homebuilders, and electrical installers.
Article of the Week
An Introductory Guide to AgBiotech for 2024
“Agricultural biotechnology” describes a variety of scientific instruments and methods used to alter living things, such as microbes, plants, and animals, for use in agriculture.
This field includes a variety of techniques, including tissue culture, genetic engineering, and molecular markers, that are intended to increase agricultural yields, strengthen resistance to pests and diseases, and improve nutritional content.