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…
Capella Space Wins SDA Contract for Hybrid LEO Acquisition
Capella Space Corp., an American space tech company with data and satellite solutions for government and commercial applications, announced its selection to participate in the Hybrid Acquisition for Proliferated LEO (HALO) other transaction authority (OTA) procurement vehicle. This acquisition approach will enable Capella Space to bid on prototype orders to build satellites systems for the Space Development Agency (SDA).
In Agritech news this week…
CIBO and Truterra Boost Sustainable Agriculture Collaboration
CIBO Technologies, the climate software company for agriculture, announced the expansion of its continued collaboration with Truterra, a leading agricultural sustainability business, and celebrates their successful summer program launch. By working together over the last several years, Truterra and CIBO have enabled the enrollment of millions of farmland acres into sustainability programs.
In Automotive news this week…
Wayne PWR: Dover Fueling Solutions’ New EV Charger
Dover Fueling Solutions (“DFS”), a part of Dover and a leading global provider of advanced customer-focused technologies, services and solutions in the fuel and convenience retail industries, announced the launch of the Wayne PWR™ DC fast charger (Wayne PWR). This new electric vehicle charger (EVC) addresses critical market gaps in reliability and durability while offering an unmatched customer experience.
In BFSI news this week…
Plooto & Visa Launch Instant Card Payments for SMB Financing
Plooto, a leading payment automation solution for small-to-midsize businesses (SMBs), now offers Pay by Card to Canadian and U.S. businesses, developed in collaboration with Visa. Pay by Card allows users to connect their business’ credit card to Plooto to extend their working capital, pay domestic vendors, and have payments delivered according to their preferred method (EFT, ACH, or check). Pay by Card gives businesses instant access to short-term financing via their commercial credit card providers that offer rewards and other benefits.
AbbVie and Gedeon Richter Collaborate on Neuropsychiatric Target Discovery
AbbVie and Gedeon Richter Plc. (‘Richter’) announced a new discovery, co-development and license agreement to advance novel targets for the potential treatment of neuropsychiatric conditions. This collaboration expands upon the success of nearly two decades of partnership on central nervous system (CNS) projects, including globally launched products such as cariprazine (VRAYLAR® / REAGILA®) and the discovery of investigational drug candidate ABBV-932 for the treatment of bipolar depression and generalized anxiety disorder.
Technip Energies & Enerkem Partner to Advance Waste-to-Fuel Technology
Technip Energies and Enerkem Inc. announce the official signing of their Collaboration Agreement, solidifying their commitment to accelerate the deployment of Enerkem’s technology converting non-recyclable waste and residues into sustainable fuels and circular chemical products.
In Defence Technology news this week…
LeoStella and BlackSky Win Space Development Agency Contract for LEO Program
The Space Development Agency (SDA) has selected LeoStella to support the Hybrid Acquisition for Proliferated Low-Earth Orbit (HALO) program. This is a novel opportunity for nontraditional defense contractors to work directly with SDA for rapid on-orbit mission feasibility prototypes. Partnering with BlackSky, as a subcontractor for this competitive program, LeoStella, as a small satellite manufacturer, is now pre-qualified to work directly with SDA to develop on-orbit mission-feasibility prototypes.
In Energy, Power and Sustainability news this week…
ABM and Mainspring Energy Sign Strategic Partnership
ABM, a leading provider of integrated facility services, infrastructure solutions, and parking management announced a strategic partnership with Mainspring Energy, Inc., in which ABM will deploy Mainspring’s cutting-edge Linear Generator technology to enhance electric vehicle (“EV”) charging solutions for fleet, commercial and industrial clients that require turnkey offerings and on-site power generation projects.
In Food & Beverage this week…
GrubMarket Launches AI Cash Flow Tool for Food Distributors
GrubMarket, the AI-powered technology enabler and digital transformer of the American food supply chain industry, as well as one of the largest private food eCommerce companies globally, announced the launch of the GrubAssist AI Cash Flow Analyst. As part of GrubMarket‘s groundbreaking GrubAssist AI suite, this new module provides food wholesalers and distributors with a comprehensive solution for managing their cash flow operations, delivering real-time, actionable insights that enable businesses to strategically manage their accounts receivable (AR), accounts payable (AP), collections and payments operations.
In Healthcare this week…
CorroHealth Forms Partnership with Patient Square Capital
CorroHealth, a leading provider of revenue cycle management (RCM) solutions to health systems and health plans, announced it has signed definitive agreements for a strategic investment from Patient Square Capital (Patient Square), a dedicated health care investment firm. Current shareholders, including investment funds affiliated with global investment firm Carlyle, TT Capital Partners, Sanaka Group, and CorroHealth management, will remain investors, with Patient Square and Carlyle sharing joint control of CorroHealth.
In Information Technology this week…
Renesas and Intel Partner on Power Management for Core Ultra 200V Processors
Renesas Electronics Corporation, a premier supplier of advanced semiconductor solutions, announced a collaboration with Intel resulting in a power management solution that delivers best-in-class battery efficiency for laptops based on the new Intel® Core™ Ultra 200V series. Collaborating closely with Intel, Renesas has developed an innovative new customized power management IC (PMIC) that covers the entire power management needs for this newest generation of Intel processors.
In Martech this week…
Nuvei partners with BigCommerce
Nuvei Corporation, the Canadian fintech company, announced it has partnered with BigCommerce, a leading open SaaS and composable ecommerce platform for fast-growing and established B2C and B2B brands and retailers. This partnership, launching internationally across North America, Europe and APAC, enables BigCommerce customers to access Nuvei’s comprehensive suite of omnichannel payment solutions through its Nuvei for Platforms solution, bridging the gap between online and in-store experiences through a single payment processing partner.
In IoT this week…
GlobalFoundries & NXP Unveil Next-Gen 22FDX Solutions for Automotive & IoT
GlobalFoundries and NXP Semiconductors announced collaboration to drive next-generation solutions across a range of end markets including automotive, IoT and smart mobile devices. This collaboration leverages GF’s 22FDX® process technology platform and global manufacturing footprint to optimize the power, performance and time-to-market of NXP’s solutions. GF’s 22FDX chips will be manufactured in Dresden and Malta, New York, providing NXP geographically diverse supply for their customers.
Konexial Teams Up with Lytx® to Transform Fleet Management
Konexial, a leading provider of innovative Fleet Management Solutions, is proud to announce an agreement with Lytx to offer the Surfsight® AI-powered dash camera network technology to the Konexial customer base. Lytx is the leading provider of machine vision (MV) and artificial intelligence (AI) powered video telematics, analytics, safety, and productivity solutions for fleets and transportation companies.
In Materials this week…
Coherent Launches ARM FL20D Laser for Advanced Welding
Coherent Corp, a global leader in laser technology, announced the launch of the ARM FL20D fiber laser. This new offering in the highly successful ARM laser family features a new higher power level of 20 kW and a unique dual ring beam configuration. Representing a significant advance in welding capability, the ARM FL20D enables faster speeds and improved quality in a wide range of applications.
In Madical devices this week…
Boston Scientific Unveils Next-Gen Cardiac Mapping for FARAPULSE System
Boston Scientific Corporation announced it has received U.S. Food and Drug Administration (FDA) approval for the navigation-enabled FARAWAVE NAV Ablation Catheter for the treatment of paroxysmal atrial fibrillation (AF) and FDA 510(k) clearance for the new FARAVIEW™ Software, which will combine to provide visualization for cardiac ablation procedures with the FARAPULSE™ Pulsed Field Ablation (PFA) System. These technologies are compatible exclusively with Boston Scientific’s existing cardiac mapping technology and the company’s latest offering, the OPAL HDx™ Mapping System.
In Retail this week…
Voxie Launches “Franchise Hub” for Enhanced Marketing Control
Voxie, a leading SMS marketing platform trusted by brands like Sonic Drive-In, Oxi Fresh, Edible Arrangements, and the Learning Experience, has launched Franchise Hub, a solution tailored for franchise networks. It enables franchisors to uphold brand integrity while giving franchisees the flexibility to create localized campaigns that resonate with their customers.
In Semiconductor & Electronics this week…
Lumotive Launches MD42 Development Kit for 3D Sensing.
Lumotive, a pioneer in optical semiconductor technology, announced the launch of the MD42 Development Kit, a groundbreaking tool designed to enhance the company’s Open Development Platform (ODP) and drive rapid advancements in 3D sensing innovation.
Article of the Week
What’s Next? 8 Industrial Automation Trends to Watch
Did you know that 97 million new roles could emerge due to automation, according to the Future of Jobs report? Industrial automation is a rapidly evolving field. Companies must track new industrial automation trends to stay competitive. As robotics and AI advance, they could boost efficiency and cut costs.
With innovations on the horizon, production businesses must identify the right automation trends and invest wisely. Let’s walk you through major industrial automation trends reshaping the overall field.