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…
Sierra Space Cargo Module Passes Acoustic Testing at NASA
Sierra Space, a leading commercial space company and defense tech prime that is Building a Platform in Space to Benefit Life on Earth®, announced the successful completion of acoustic testing on its Shooting Star® cargo module at NASA’s Kennedy Space Center, moving the spacecraft a significant step closer to launch readiness. The test, the first of its kind to be conducted inside the Space Systems Processing Facility (SSPF), replicated the intense acoustic stresses Shooting Star will need to withstand during a Vulcan Centaur rocket launch to the International Space Station (ISS).
In Agritech news this week…
Agmatix Unveils RegenIQ: A Scalable Framework for Regenerative Agriculture
Agmatix, a leading agricultural data and AI-powered technology company, announces the launch of RegenIQ at the Regenerative Agriculture Summit in Europe. RegenIQ is designed to drive the adoption of regenerative agriculture by offering a structured approach to assessing the impact of field-level efforts, supporting both environmental health and productivity.
In Automotive news this week…
SiFive and Arkmicro Boost RISC-V Adoption in Automotive Electronics
SiFive, Inc. announced that it has licensed its SiFive Automotive RISC-V IP cores to Arkmicro Technologies (Shenzhen), accelerating the adoption of RISC-V in automotive electronics. Arkmicro is a well-established chip company in the automotive industry, with products already certified and mass-produced by numerous international automotive companies. Arkmicro will integrate SiFive Automotive solutions into Arkmicro’s high-end automotive SoC chips.
In BFSI news this week…
Ncontracts Acquires Venminder in Hg Buyout
Ncontracts, a leading provider of integrated compliance, risk, and vendor management solutions to the financial services industry, announced that it has acquired Venminder, a unified platform for managing third-party risk.
Simultaneously with this transaction, Hg has bought out prior Ncontracts shareholder Gryphon Investors (“Gryphon”), as well as prior Venminder shareholders.
In Biotech this week…
Stoke Therapeutics Appoints Eric Olson, MS, MBA as CBO
Stoke Therapeutics, Inc., a biotechnology company dedicated to restoring protein expression by harnessing the body’s potential with RNA medicine, announced the appointment of Eric Olson as Chief Business Officer. Mr. Olson has two decades of experience in life sciences business development and strategy with a track record of success, completing numerous transactions to maximize value for company pipelines across a variety of therapeutic areas, including rare genetic diseases, neurology and ophthalmology. In his new role, Mr. Olson will be responsible for leading and executing the Company’s global corporate strategy and business development.
Vibrantz Technologies acquires Micro Abrasives Corporation
Vibrantz Technologies announced it has acquired Micro Abrasives Corporation, a Westfield, Massachusetts-based manufacturer of specialty alumina.
Micro Abrasives is a leading U.S. manufacturer of calcined alumina used in the automotive refinishing, optics polishing and industrial lapping markets. The company’s products are key in the manufacture of liquid abrasives used in automotive polish formulations, precision powders and slurries used by the optics and photonics industries, and wafers ultimately used by the semiconductor industry.
In Defence Technology news this week…
Haivision and Airbus Defense Team Up for Advanced Secure Communications Tech
Haivision Systems Inc, a leading global provider of mission-critical, real-time video networking and visual collaboration solutions, announced its participation in a multi-year, multi-company consortium led by Airbus Defense and Space. This consortium is building land- and sea-based tactical 5G communication systems that support mission-critical operations during emergencies when network infrastructure is compromised or absent.
In Energy, Power and Sustainability news this week…
RES & NREL Partner to Boost Wind Turbine Efficiency with Digital Tech
RES, the world’s largest independent renewables company, and the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL), have partnered to license and deploy an innovative technology to optimize the performance of wind turbines.
The ‘Dynamic Yaw’ technology effectively innovates the yaw system of wind turbines – the component responsible for the orientation of a turbine toward the wind – to maximize the overall performance and efficiency of turbines in a wind farm.
In Food & Beverage this week…
Perricone Farms Acquires Natalie’s Orchid Island Juice Company
Perricone Farms, a premium craft juice company with deep roots in California’s citrus industry, announced its acquisition of Natalie’s Orchid Island Juice Company, an award-winning juice company based in Fort Pierce, Florida. The merger unites two of the highest quality and most trusted names in the juice industry, strengthens both brands, and enhances the ability to serve customers with excellence in quality and customer service coast-to-coast.
In Healthcare this week…
eGenesis Secures $191M Series D for Kidney Transplant Program
eGenesis, a biotechnology company developing human-compatible engineered organs to address the global organ shortage, announced the close of a $191 million Series D financing. Proceeds will be used to advance the company’s lead product candidate, EGEN-2784, to a first-in-human study for kidney transplant. The funding will also be used to advance pipeline programs as well as scale production.
In Information Technology this week…
Maximus Names Mike Raker as Chief Technology Officer
Maximus, a leading employer and provider of government services worldwide, announced Mike Raker as its Chief Technology Officer (CTO). As a key member of our leadership team, Raker oversees the company’s Technology and Innovation organization. The CTO and its team are vital to setting Maximus’ strategic technology direction, aligning technical solutions to enterprise strategy and business needs, driving investments in research and development activities, and developing cutting-edge technologies.
In IoT this week…
Sara Brown Appointed EVP of Marketing at floLIVE
floLIVE, creator of the world’s first and largest global cellular network, and a leading provider of global connectivity and network services for the Internet of Things (IoT), announced the appointment of Sara Brown as Executive Vice President of Marketing. A seasoned executive with a proven track record of driving sales growth for technology companies, Brown brings more than 25 years of industry experience to floLIVE.
In Logistics and Supply Chain this week…
TraceLink’s Opus Platform to Transform Supply Chain at Magnum
TraceLink , the largest end-to-end digital network platform for intelligent supply chain orchestration in life sciences and healthcare, announced the launch on Magnum of its flagship platform, Opus, the only no-code network digitization platform designed to democratize access to end-to-end supply chain integration and orchestration. This significant milestone represents an evolution of over four years of intensive development work on the Opus platform and propels the supply chain management function to new levels of innovation and efficiency.
In Materials this week…
3D Systems Launches QuickCast Air™ for Precision Casting
3D Systems, announced QuickCast Air™ – an advanced tool in its investment casting portfolio, designed to maximize material removal from the interior of casting patterns. This enables reduced material consumption, lower pattern costs, faster build times, cleaner burnout processes, and improved draining efficiency.
In Madical devices this week…
Paragon 28 Unveils R3FLEX Stabilization for Ankle Syndesmotic Injuries
Paragon 28, Inc, is pleased to announce the launch of the R3FLEX Stabilization System, which is designed to restore stability to the ankle syndesmosis after injury from an ankle fracture or high ankle sprain.
Ankle fractures are one of the most common injuries with over 470,000 predicted in 2024 in the US. Injury to the distal tibiofibular syndesmosis is estimated to occur in 23% of ankle fractures. Additionally, “high ankle sprains” encompass 7-15% of all ankle sprains, and are defined as an isolated injury of the distal tibiofibular syndesmotic ligaments.
In Retail this week…
Appriss Retail Launches AI-Powered Solution to Combat ORC
Appriss Retail, a leading provider of data and analytics solutions designed to reduce retail losses, decrease return and claim fraud and abuse, and provide a more seamless consumer experience, announced a generative AI solution, Incident + ORC Intelligence, that automatically links incidents of theft, fraud, and abuse, enabling the seamless creation of comprehensive cases to help dismantle Organized Retail Crime (ORC) syndicates effectively.
In Semiconductor & Electronics this week…
Acer Expands Vero Line with Eco-friendly LED Projectors
Acer unveiled two new projectors in its eco-friendly Vero product line; the Acer Vero PD2528ic and the Acer Vero PD2328. Both projectors are designed to equip businesses and consumers with high-performance, energy-efficient technology, making these excellent choices for those looking to reduce their ecological footprint.
Article of the Week
Optimizing Your Supply Chain: Essential Logistics Management Techniques
Managing the flow of goods from suppliers to customers involves a complex set of tasks.
Coordinating inventory, overseeing order fulfillment, and ensuring timely delivery are just a few of the critical components.
Effective logistics management is essential for maintaining operational efficiency and meeting customer expectations. The challenges of logistics extend beyond simple order processing; they require a strategic approach to streamline the entire supply chain.