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…
Draganfly Inc., an award-winning, industry-leading drone solutions, and systems developer, is pleased to announce that Agtegrity, an agronomy consulting firm that works with California farmers on soil fertility and pest management is standardizing on the Commander 3 XL drone platform.
The Commander 3 XL is a high-endurance, weather-resistant, multirotor UAV designed for easy assembly and rapid deployment. This innovative North American-made drone can stay airborne for 50 minutes. It has a 24-mile flight range and supports a maximum airspeed of 45 miles. This drone supports automated and manual flight operations, making it the ideal choice for the agriculture sector.
In Agritech News this week…
Indigo Expands 2023 Biological Crop Protection Line with New Biofungicide
Indigo Agriculture announced the commercial launch of the industry’s first biological fungicide based on the microbe Kosakonia cowanii, giving farmers a leg up on the 2023 growing season.
Initially registered and announced by the company in April 2022, biotrinsic X19 is the first fungicide in Indigo line of biological seed treatments, which offers farmers the flexibility to design effective crop protection plans based on their specific field conditions. The product establishes Indigo‘s biotrinsic portfolio as one of the few in the industry capable of helping farmers address both biotic and abiotic stresses.
In Automotive News this week…
Cenntro to Exhibit Full Logistar EV Line and All Electric iChassis at CES 2023
Cenntro Electric Group Limited, a leading EV technology company with advanced, market-validated electric commercial vehicles, announced that it will showcase its vehicles at the upcoming 2023 Consumer Electronics Show (CES®), one of world’s largest technology trade shows taking place January 5-8, 2023 in Las Vegas. In conjunction with CES, the Company will also hold a press event on January 4th to unveil its production version of the iChassis and hold investor meetings at its booth to provide an overview of Cenntro and discuss the future of Mobility.
In BFSI sector news this week…
Quaint Oak Bank Partners with Cable for Fintech Sponsorship Program
Quaint Oak Bank, a Pennsylvania-based community bank, will leverage Cable’s centralized platform to enhance financial crime compliance oversight across its fintech partner portfolio, using Cable’s suite of automated and smart tools to efficiently onboard and continuously monitor its fintech partners on a single platform.
“We are excited to partner with Cable to scale our fintech sponsorship program in a safe and sound manner,” said William Gonzalez, EVP of Quaint Oak Bank.
In Biotechnology news this week…
Alcami Completes Next Phase of Biopharma Storage Expansion at Masy BioServices
Alcami, a leading contract development and manufacturing organization (CDMO), announced the completion of Phase II of its cGMP biostorage facility located in Amherst, New Hampshire.
“The successful on-time completion of the second phase of this project doubles our biostorage capacity in New Hampshire to approximately 14,000 pallet locations of world-class cGMP storage capacity to support client demand,” commented Timothy Compton, Chief Business Officer at Alcami.
In Chemicals sector news this week…
IMCD India to Acquire Speciality Chemical Distributor Parkash Dyechem
IMCD N.V., a leading distributor of speciality chemicals and ingredients, announces that it has signed an agreement to acquire 100% of the shares of Parkash DyeChem Private Limited (“Parkash DyeChem”), one of India’s leading distributors of speciality chemicals for construction and printing inks.
Established in 1988 and headquartered in Delhi, India, Parkash DyeChem is an asset-light speciality chemical distributor serving the coatings and construction segments (e.g. construction chemicals, printing inks, paints and coatings) as well as personal care and advanced materials markets. With around 60 employees, Parkash DyeChem generated a revenue of approximately INR 2,5 billion (ca. EUR 30 million) in the financial year that ended on March 31, 2022.
In Energy & Power news this week…
Ecogy Energy, a developer, financier, and owner-operator, was selected through a competitive Request for Proposal (RFP) in 2021 by the New York Power Authority (NYPA), in partnership with Sustainable Westchester and Westchester County, to develop solar energy projects under the Westchester Community Solar Partnership (WCSP), along with two other developers. The WCSP broadly aims to power the economic growth of New York State by supplying Westchester County residents and municipalities with locally based, ideal land-use, and discounted electricity costs through community solar projects.
In Food & Beverage news this week…
Domino’s to Roll Out Nationwide Fleet of 800 Chevy Bolt Electric Vehicles
Domino’s Pizza Inc., the largest pizza company in the world, is electrifying pizza delivery! More than 100 custom-branded 2023 Chevy Bolt electric vehicles are arriving at select franchise and corporate stores throughout the U.S. this month, with an additional 700 rolling out in the coming months, making it the largest electric pizza delivery fleet in the country. To see an interactive map of how many Domino’s Chevy Bolt EVs are currently in each state and how many are coming soon, visit dominos.com/evfleet.
In Healthcare news this week…
Empatica Receives New FDA Clearance for Its Health Monitoring Platform
Empatica, a digital health and AI company developing medical-grade wearables and algorithms for health monitoring and diagnostics, announced the clearance of its Empatica Health Monitoring Platform by the U.S. Food and Drug Administration (FDA).
The Empatica Health Monitoring Platform is a full-stack remote health monitoring and data collection solution for research and healthcare professionals, built on data collected by Empatica’s medical-grade, CE-certified EmbracePlus wearable. In addition, the Platform includes Empatica’s proprietary Care software suite, secure cloud infrastructure, and clinically validated digital biomarkers.
In IT news this week…
Canvass AI Showcases AI Solutions for Steelmakers to Optimize Production and Reduce GHG Emissions
Canvass AI, a leader in industrial AI-as-a-Service, will detail and discuss its series of packaged AI solutions for the steel industry at the Artificial Intelligence and Steelmaking Summit. The Company will deliver a presentation on Leveraging Industrial AI to Increase Throughput in Steel Manufacturing at 12:00 pm November 22nd EST (17:00 GMT).
Humera Malik, CEO, Canvass AI said: “Canvass AI has worked very closely with steelmakers on maximizing throughput in steel production. The additional benefits, however, reducing energy costs, remelts, and GHG emissions, are what organizations are looking for most from AI and digital transformation – a road toward sustainability.”