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…
Firefly Aerospace Completes First Miranda Engine Hot Fire Test
Firefly Aerospace, Inc., an end-to-end space transportation company, completed the first hot fire test for its Miranda engine that will power the first stage of Northrop Grumman’s Antares 330 and the Medium Launch Vehicle (MLV) the companies are co-developing together.
In Automotive news this week…
Panasonic Automotive Introduces Virtual SkipGen, Now Available on AWS Marketplace
at AWS re:Invent, Panasonic Automotive Systems Company of America, a tier-one automotive supplier, announced the availability of Virtual SkipGen™ (vSkipGen™) on AWS Marketplace, to “shift left” the automotive development lifecycle, allowing engineers and developers to start earlier in the process without physical hardware.
In BFSI news this week…
Ahead of COP28, Schneider Electric Calls for Greater Action on Decarbonization and Inclusion
Schneider Electric, the leader in the digital transformation of energy management and automation, called for greater collective action to decarbonize the global economy and ensure a fair and inclusive transition to net zero, and detailed the actions it is taking at the upcoming COP28 United Nations Climate Change Conference to support these efforts.
In Biotechnology news this week…
Inflammatix, Inc., a pioneering molecular diagnostics company, announced that the US Food and Drug Administration (FDA) has granted Breakthrough Device Designation to the company’s lead product, the TriVerity™ Acute Infection and Sepsis Test System.
In Defence Technology news this week…
Elbit Systems Ltd. announced that according to the announcement of the U.S. Department of Defense (DOD), Elbit Systems’ U.S. subsidiary, Elbit Systems of America Night Vision LLC, (“Elbit Systems of America”), was awarded an indefinite delivery/ indefinite quantity (ID/IQ) contract with a maximum ceiling of $500 million, for the supply of Squad Binocular Night Vision Goggle (SBNVG) systems; spare and repair parts; contractor logistics supports and test article refurbishment.
In Energy, Power and Sustainability news this week…
SparkMeter, a provider of grid management services, equipment, and software solutions that increase access to reliable electricity in underserved communities across Africa, Asia and the Americas, announced a strategic $5 million investment and global partnership with Honeywell Smart Energy, one of the largest utility digital solution providers in the world.
In Healthcare this week…
Clario’s New AI-Powered ECG Quality Score Tool Enhances Cardiac Safety Assessments
Clario, a healthcare research technology company that delivers the leading endpoint technology solutions for clinical trials, is proud to announce the launch of its unique AI-powered ECG Quality Score tool, designed to enhance cardiac safety assessments in clinical trials.
In Information Technology this week…
In Internet Of Things (IOT) this week…
ABB launches digital asset performance management platform for instrumentation
ABB has launched ABB Ability SmartMaster, a comprehensive asset performance management platform for verification and condition monitoring of instrumentation and field devices in the water, wastewater, chemical, oil & gas, and other industries. SmartMaster gathers, analyzes and verifies diagnostic data from instruments remotely, without interrupting current measurement tasks.
In Logistics and Supply Chain this week…
Flock Freight, the only FreightTech company enabling a smarter, more sustainable U.S. supply chain by pooling freight at scale, announced an open letter to Secretary of Transportation Pete Buttigieg and Port and Supply Chain Envoy to the Biden-Harris Administration Supply Chain Disruptions Task Force, Retired General Stephen R. Lyons, with a compelling call to collaborate on optimizing the nation’s freight shipping landscape.
In Retail this week…
Honeywell’s Augmented Reality Solution Makes Holiday Shopping Easier
As the holiday season approaches, solutions that improve the customer experience and accelerate their decisions are increasingly crucial. To optimize retail operations and efficiencies, Honeywell, announced the latest version of its powerful SwiftDecoder™ barcode decoding software, designed to make shopping easier and help ensure seamless retail experience.
In Semiconductor & Electronics this week…
Marvell Technology, Inc., a leader in data infrastructure semiconductor solutions, announced it has joined the Ultra Ethernet Consortium (UEC), part of the Linux Foundation’s Joint Development Foundation. Enormous changes in cloud infrastructure are being driven by generative AI workloads and a shift from traditional computing architectures toward accelerated computing.
In FOOD & BEVERAGE this week…
JBT Corporation Confirms Non-Binding Proposal to Acquire Marel
Meat and poultry processors are applying lessons from the pandemic by adopting vision inspection technology to augment quality assurance processes and save on labor. One new option is a vision inspection system that, unlike others, is specifically designed for the meat processing industry and helps processors redeploy workers while improving quality, food safety, and processes.
In MEDICAL DEVICES this week…
Penumbra, Inc., a global healthcare company focused on innovative therapies, announced the first patient enrolled in STORM-PE, a first-of-its-kind prospective, multi-center, randomized controlled trial evaluating anticoagulation alone vs anticoagulation plus Lightning Flash™ for the treatment of pulmonary embolism (PE).
Article of the Week
The Beginner’s Guide to Understanding and Embracing Sustainable Chemistry
Sustainable chemistry, also known as green chemistry, is a burgeoning field that seeks to design and implement chemical processes and products in a way that minimizes their impact on the environment and human health. As the world grapples with pressing environmental challenges, the importance of sustainable practices in the realm of chemistry becomes increasingly evident. This comprehensive exploration delves into the principles and applications of this field of chemistry and its potential impact on various industries and global sustainability.