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…
Vast Unveils Its Final Haven-1 Space Station Design
Vast, the US-based space habitation technology company pioneering the path to long-term living and thriving in space, unveiled its interior design features aboard Haven-1, the world’s first commercial space station. Vast’s inaugural station combines the functionality of its state-of-the-art facilities for scientific research, technological advancement, and global collaboration in low-Earth orbit (LEO) with its remarkable dedication to sophisticated and human-centric design.
In Agritech news this week…
CIBO Technologies and Scoular Team Up for Regenerative Farming
CIBO Technologies, the climate software company for agriculture, announced a partnership with Scoular, a leading commodity and ingredient agribusiness, to provide farmers with robust data collection capabilities and model emissions reduction outcomes for future regenerative agriculture and low carbon intensity (CI) crops.
In Automotive news this week…
Dana Incorporated Names Seth Metzger Chief Technology Officer
Dana Incorporated announced that Seth Metzger has been appointed Senior Vice President and Chief Technology Officer (CTO), succeeding Christophe Dominiak who is retiring from Dana. Mr. Metzger has been with Dana for more than two decades and has extensive experience in engineering and technology development.
In BFSI news this week…
Farther Raises $72M Series C to Transform Wealth Management
Farther, the leading technology-centric financial advisory firm, closed a $72 million Series C funding round to expand its advisor network and enhance its wealth management platform. Co-led by CapitalG, the independent growth fund of Alphabet (Google’s parent company), and Viewpoint Ventures, this funding round elevates Farther’s post-money valuation to $542 million.
EVERSANA Revamps Drug Safety with Oracle Partnership
EVERSANA, a leading provider of global commercialization services to the life sciences industry, announced transformational elements to its pharmacovigilance and drug safety offering to meet the growing needs of the industry.
Lummus Launches PFAS Analytical Services
Lummus Technology, a global provider of process technologies and value-driven energy solutions, announced new analytical services for per- and polyfluoroalkyl substances (PFAS), also known as “forever chemicals.” The services provide accurate detection of a wide range of PFAS compounds, helping water and wastewater operators assess contamination levels and monitor progress of their treatment systems.
In Defence Technology news this week…
Raytheon Wins $736M Contract for AIM-9X Missile Production
Raytheon, an RTX business, was awarded a $736 million contract from the U.S. Navy to produce AIM-9X® SIDEWINDER® missiles.
This contract is for the improved Block II variant, which addresses hardware obsolescence through upgrades to ensure superior performance and long-term reliability.
In Energy, Power and Sustainability news this week…
Power Factors Unveils AI-Powered Asset Management on Unity
Power Factors, the leading renewable energy management suite (REMS) provider, is excited to announce the availability of Unity Asset Performance Management (APM) and Unity AI Insights, two groundbreaking applications designed to drive operational efficiency and performance optimization for renewable energy stakeholders across the asset lifecycle. These innovative products are available today and represent the next generation of renewable energy management, integrating the best capabilities from Power Factors’ proven APM products, Drive and Greenbyte.
In Food & Beverage this week…
Bibigo Launches Dashboard Kitchen: A Creative Hub for Food Influencers
bibigo, America’s #1 Korean food brand, is revolutionizing the way food influencers create viral mouth-watering content by introducing the Dashboard Kitchen. This fully-functioning kitchenette is custom-designed to make it easier for influencers to join the growing social media trend of eating and reviewing food in the comfort of their cars.
In Healthcare this week…
CenTrak Wins Frost & Sullivan’s Global Healthcare RTLS Award
Frost & Sullivan has named CenTrak the 2024 Company of the Year in the global healthcare real-time location systems (RTLS) industry. The recognition was achieved following Frost & Sullivan’s rigorous analytical and interview processes evaluating visionary innovation, performance, and customer impact. This marks the third significant award secured by CenTrak this year, following notable wins as IoT Breakthrough’s IoT Health & Wellness Company of the Year and a Best IoT Healthcare Security Solution recognition from MedTech Breakthrough Awards.
In Information Technology this week…
FPT Software & Uniqbit Partner to Boost Digital Transformation in Energy & Retail
Global leading IT company FPT Software, a subsidiary of FPT Corporation (FPT), and German IT consulting company specializing in customized digital solutions—uniqbit AG recently entered a strategic partnership to foster innovation and business development across Germany and the wider European region.
In IoT this week…
Lantronix Unveils 5 New Qualcomm-Powered AI/ML Edge Solutions
Lantronix Inc, a global leader of compute and connectivity IoT solutions, announced its powerful new System-in-Package (SiP) solutions powered by Qualcomm® Technologies’ chipsets that reinforce Lantronix’s position in industrial and enterprise IoT innovation, bringing advanced Artificial Intelligence (AI) and Machine Learning (ML) capabilities to the edge.
Rand McNally Names Hans Molin Chief Technology Officer
Rand McNally, a leading innovator in navigation, commercial vehicle tracking, and fleet safety technology, has named Hans Molin as its Global Head of Engineering and Chief Technology Officer (CTO). Molin, who joined Rand McNally through the acquisition of SafetyDirect, has been pivotal in leading the company’s technology and engineering initiatives, setting the course for its next phase of customer-centric innovation.
In Materials this week…
Comstock to Acquire Quantum Generative Materials LLC
Comstock Inc, announced the execution of an agreement by Comstock, Deep Interstellar Research LLC (“DIR”), and Quantum Generative Materials LLC (“GenMat”) under which Comstock effectively acquired substantially all of the equity in GenMat, including GenMat’s artificial intelligence materials discovery platform, materials synthesis, and related assets, business, and most of the related technical team.
In Madical devices this week…
Solventum Appoints Dr. Ryan Egeland as Chief Medical Officer
Solventum announced that Dr. Ryan Egeland, MD, has been named chief medical officer.
Dr. Egeland is responsible for leading Solventum’s Global Medical and Clinical Affairs team, amplifying the voice of clinicians and patients. In this role, he will focus on fostering industry collaboration and identifying innovation and market expansion opportunities at the intersection of scientific rigor, clinical need, and commercial practicality. Dr. Egeland will report to Chris Barry, executive vice president and group president, Medical Surgical, Solventum.
In Retail this week…
parcelLab & Metapack Team Up for Seamless Retail Delivery
parcelLab, the premier global retail, e-commerce, and post-purchase customer experience platform, and Metapack, a leader in e-commerce delivery technology, announced a strategic partnership to deliver comprehensive end-to-end solutions for retailers worldwide. By combining the strengths of both companies, parcelLab and Metapack aim to empower e-commerce with seamless delivery experiences that drive growth and enhance customer satisfaction.
In Semiconductor & Electronics this week…
Efabless Launches Custom Chip Platform for Edge ML
Efabless Corporation, the creator platform for chips, announced the launch of chipIgnite ML, a new system-on-chip (SoC) platform. This empowers developers to create custom silicon solutions ten times more efficient than traditional off-the-shelf hardware, redefining possibilities for edge Machine Learning (ML) applications.
Article of the Week
Decoding Synthetic Biology: Definition, Capabilities and Examples
Synthetic biology finds applications across various industries, including energy, agriculture, and biofuels. Synthetic biology involves breaking down and reassembling biological cells and processes to create new systems that perform specific functions. At its core, designs are encoded in DNA, which leads to the creation of bio parts; these bio parts are then assembled into devices, and the devices are integrated into biological systems.