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…
OneWeb and Hughes Announce Agreement to Bring Low Earth Orbit Satellite Broadband Service to India
OneWeb, the low Earth orbit satellite communications company, and Hughes Network Systems LLC announced a strategic six-year Distribution Partner agreement to provide low Earth orbit (LEO) connectivity services across India.
A United Launch Alliance (ULA) Atlas V rocket carrying the USSF-8 mission for the U.S. Space Force’s Space Systems Command was lifted off on Jan. 21 at 2:00 p.m. EST from Space Launch Complex-41 at Cape Canaveral Space Force Station.
In Agritech News this week…
AgBiome announced the Bill & Melinda Gates Foundation has continued their grant support funding phase 2 research aimed to develop novel, efficacious, safe and low cost of production microbial pesticides for smallholder farmers in sub-Saharan African countries.
EarthDaily Analytics Corp.announced the rebranding of its Geosys division to EarthDaily Agro, at the 2022 PrecisionAg VISION Conference. It also announced the launch of a new, next-generation software platform offering best-in-class agricultural analytics service.
In Automotive News this week…
ProLogium and Mercedes-Benz entered into a technology cooperation agreement
ProLogium, and Mercedes-Benz have signed a technology cooperation agreement to develop next-generation battery cells. The first test vehicles equipped with solid-state batteries co-developed are expected to be introduced in the coming years.
Lamborghini NFT Space Time Memory on auction with the start of the lunar year
Lamborghini has partnered with NFT PRO and RM Sotheby’s and will receive bids on the five pairs of physical and digital artworks by the renowned artist Fabian Oefner between February 1st, the first day of the new lunar year, and February 4th.
In news from the Banking, Finance, Securities and Insurance sector this week…
Samsung Introduces Smart All-in-One Fingerprint Security IC for Biometric Payment Cards
Samsung Electronics Co., Ltd. introduced its new fingerprint security IC S3B512C ─ with enhanced security features. The new solution is EMVCo and Common Criteria Evaluation Assurance Level (CC EAL) 6+ certified and performs in line with Mastercard’s latest Biometric Evaluation Plan Summary (BEPS).
MotorDNA, Insurtech, Launches Leveraging Data and AI to Save Lives
MotorDNA, a new data and analytics company, was formed to close the data gap between the Insurers, Consumers, Auto Lenders, Fleet Managers, Regulators, and OEMs with a platform to encourage the production and demand for safer vehicles.
In Biotechnology news this week..
Samsung Biologics reaches agreement with Biogen to acquire full ownership of Samsung Bioepis
Samsung Biologics (KRX: 207940.KS) announced that it has reached an agreement with Biogen for the buyout of Biogen’s stake in the Samsung Bioepis joint venture for USD $2.3 billion.
BioCentriq Expands its Clinical Manufacturing Facilities for Cell & Gene Therapies
BioCentriq announces it has completed the construction of a state of the art GMP-ready clinical manufacturing facility in South Brunswick, New Jersey.
In Chemicals news this week…
Harvey Gulf Selects SailPlan to Optimize Fleet Emissions as Part of Its NetZero Strategy
SailPlan announced that Harvey Gulf International Marine (Harvey Gulf) has entered into a commercial agreement to add SailPlan to its fleet. This addition makes the Harvey Power the first Platform Supply Vessel in North America to be equipped with a real-time emissions optimization capability.
Tellurium-Based Battery Technology Shows Promise to Extend Range of Electric Vehicles
An article on the UBC research by PICS Pacific Institute For Climate Control said that tellurium, a by-product of the copper and lead-zinc smelting process, has 30 times the electrical conductivity of sulphur. It is emerging as a promising component of next-generation batteries.
In Energy and Power Sector News this week…
ClearSign Technologies Corporation announces the successful installation and commissioning of the Company’s ClearSign Core™ process burner in a European refinery.
FREYR Battery has developed a program for the Environmental Impact Assessment (EIA) and submitted its proposal to Finland’s Centre for Economic Development, Transport and the Environment (ELY Centre).
In Food and Beverage news this week…
Domino’s signs deal with SkyDrop to launch next stage of commercial drone delivery in New Zealand
Domino’s and SkyDrop have now signed a deal to launch the second stage of their commercial drone delivery partnership in New Zealand. They plan to conduct a commercial trial of innovative drone delivery services from a Domino’s store in New Zealand to customer homes, commencing in 2022.
Above Food and Umiami Partner to Further Development of Plant-Based Whole Cut Meat Analogues
Above Food Corp. (Above Food), a first-of-its-kind, vertically integrated plant-based food company, announced its partnership with Umiami, a groundbreaking food technology company based in France that focuses on reproducing whole-cut meat and fish, made from plants.
In Healthcare news this week…
Venus Medtech Concludes Acquisition of 100% Equity Interest in Cardiovalve
Venus Medtech (Hangzhou) Inc. announced its acquisition of 100% equity interest in Cardiovalve Ltd. (Cardiovalve), a pioneering transcatheter mitral and tricuspid valve treatment company was concluded on 26th January, 2022.
Dalriada Drug Discovery (“Dalriada”) established a strategic collaboration with atai Life Sciences’ N.V. newly launched platform company Invyxis, focused on developing next-generation small molecule therapies based on psychedelics and related compounds for mental health disorders.
In IT news this week…
DataRobot Launches MoreIntelligent.ai to Share Untold Stories on the Future of AI
AI Cloud leader DataRobot announced the launch of MoreIntelligent.ai. It will engage and promote diverse voices to foster debate around the technological breakthroughs defining the future of artificial and machine intelligence
Cipia announced the expansion of its aftermarket offering to support SaaS platforms. As part of this strategic approach, Cipia is collaborating with Gurtam following the successful integration of Cipia-FS10 into Gurtam’s Wialon platform.
In Materials news this week
HOVER Partners with Beacon Building Products to Streamline Digital Materials Ordering
HOVER announced the ability for contractors to digitally order roofing materials through a new partnership with Beacon, the nation’s largest publicly traded distributor of roofing materials and complementary building products.
Fluor Corporation and its joint venture partner Walsh Construction Company broke ground to rebuild and straighten a section of Chicago Transit Authority’s (CTA) North Main Line Red and Purple Line track structure,on the historic Red and Purple Modernization (RPM) Phase One Project.