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…
BRINC and Echodyne Enable Automated BVLOS for First Responders
BRINC, a pioneer in drone technology for first responders, is proud to announce a partnership with Echodyne, a leader in ground-based radar systems. This collaboration will integrate Echodyne’s advanced MESA® radar technology into BRINC’s purpose-built Drone as First Responder (DFR) solution. The strategic relationship enables a path toward beyond-visual line of sight (BVLOS) operations without visual observers, advanced airspace awareness for safer operations, and lowers the barrier to entry for public safety agencies looking to start or expand DFR programs.
In Automotive news this week…
Karma and Intel Collaborate on Future Automotive Blueprint
Karma Automotive, California’s first and only ultra luxury automaker, announces its bilateral collaboration with Intel Automotive to co-develop Software Defined Vehicle Architecture (SDVA) which will underpin its upcoming vehicles including the Karma Kaveya super coupe, anticipated to arrive in 2026. Further, through the shared expertise from their respective industries, the companies will demonstrate and validate critical concepts for the advancement of open standards for SDVA that can be shared openly and commercially to support the transformation of the broader automotive industry.
In BFSI news this week…
Finzly and Corpay Partner to Boost FX Services for Banks
Finzly, Inc, a leader in innovative payment and financial solutions, announced an agreement with Corpay, Inc. Cross-Border business, a global leader in corporate payments, to collaborate on a joint offering that brings together Finzly’s FX payment platform and Corpay’s real-time FX rates. This collaboration provides a unique offering to financial institutions and their business clients, enabling FX transaction capabilities that are seamlessly integrated with many payment rails. The combined solution will offer convenient and intuitive FX capabilities, covering more than 200 international markets.
In Biotech this week…
ATUM Launches discoCHO™ for Rapid Biologic Production
ATUM, a leading US-based provider of integrated biologics solutions, proudly announces the launch of the CHO-K1-derived discoCHO cell line for transient protein production. ATUM’s discoCHO enables robust transient therapeutic protein expression displaying critical quality attributes similar to those of the stable CHO-K1 manufacturing cell line miCHO-GS.
CHO-K1 cells are the dominant cell line used in manufacturing protein-based biologics.
In Chemicals news this week…
PURAGLOBE Announces Appointment of Alois Virag as CEO
PURAGLOBE Holding GmbH, the leading high-volume producer of sustainable Group III/III+ base oils and synthetic motor oils from recycled sources, is pleased to announce the appointment of Dr. Alois Virag as Chief Executive Officer, effective immediately. Dr. Virag succeeds Andreas Schueppel, who is stepping down after almost 20 years of transformative leadership that established PURAGLOBE as a global leader in the re-refined lubricants space.
In Defence Technology news this week…
OpsLab Wins U.S. Air Force MQ-9 Reaper Support Contract
OpsLab announced today that it has been awarded a contract from the U.S. Air Force to support the General Atomics MQ-9 Reaper. Under the terms of the contract, OpsLab will work with the 25th Attack Group at Shaw Air Force Base in Sumter, South Carolina to integrate its marquee software ‘SkySchedule’, automatically build and reflow schedules, and predict operational readiness deficits.
In Energy, Power and Sustainability news this week…
Singularity, Southern Company Partner on Grid Carbon Reporting
Singularity Energy, an advanced carbon and clean energy management software platform for utilities and grid operators, announced a collaboration with Southern Company, the second largest utility company in the United States. As part of this engagement, Singularity is collaborating with Southern Company to develop and test a platform that will provide hourly grid emissions data to participating customers of Southern Company’s electric subsidiaries.
In Food & Beverage this week…
Starbucks names Brian Niccol as Chairman and Chief Executive Officer
Starbucks announced that Brian Niccol has been appointed chairman and chief executive officer. Niccol will start in his new role on September 9, 2024. Starbucks chief financial officer, Rachel Ruggeri, will serve as interim ceo until that time. Mellody Hobson, Starbucks board chair, will become lead independent director.
In Healthcare this week…
Qventus Appoints Jamie Eisinger Burgess as SVP of Marketing
Qventus, the leading AI platform company that is simplifying how healthcare operates for hospitals and health systems, announced Jamie Eisinger Burgess has joined the company as Senior Vice President of Marketing to solidify the company’s leadership position and accelerate its continued growth.
In Information Technology this week…
Vrtly Unveils Ad Manager for Digital Content
Vrtly, the leading Point-of-Care (POC) ad platform for Medical Aesthetics, is thrilled to announce the launch of Vrtly Ad Manager. This innovative tool empowers brands to seamlessly increase their reach by launching paid ad campaigns and distributing digital content to aesthetics practices in real-time. By targeting consumers closer than ever before, Vrtly Ad Manager sets a new standard in advertising for the aesthetics industry.
In Logistics and Supply Chain this week…
FourKites Integrates AI with EAIGLE to Optimize Gate and Yard Logistics
Leading real-time supply chain visibility provider FourKites announced a strategic partnership that brings AI-platform provider EAIGLE’s advanced Artificial Intelligence (AI) and computer vision platform to FourKites’ groundbreaking Dynamic Yard and Appointment Manager solutions. The integration of EAIGLE’s AI platform within FourKites’ pioneering yard management solution (YMS) and site schedule optimizer enables full automation in gate and yard operations and gives facilities managers powerful new capabilities to streamline operations, optimize labor, and reduce lost loads through continuous yard monitoring and data collection.
In Materials this week…
Vuzix Enhances Optical Waveguide with New Micro-Touch Imprinting
Vuzix Corporation, a leading supplier of smart glasses and Augmented Reality (AR) technology and products, is pleased to announce that it has developed a new micro-touch manufacturing technique within its optical waveguide fabrication processes, an advancement that will allow for better optical performance, higher yields and greater unit production rates in general.
In Madical devices this week…
HistoSonics Raises $102M for Non-Invasive Histotripsy Platform
HistoSonics , maker of the Edison Histotripsy System and new histotripsy therapy platforms, announced the closing of an oversubscribed $102 million Series D financing. The round was led by Alpha Wave Ventures, a global leader in growth-stage investing, with new participation from Amzak Health and HealthQuest Capital. Existing investors included Johnson & Johnson Innovation – JJDC, Inc. (JJDC), Venture Investors, Lumira Ventures, Yonjin Venture, the State of Wisconsin Investment Board and others.
In Retail this week…
Vibenomics and Yahoo DSP Join Forces to Boost Retail Media
Vibenomics, a Mood Media Company, has partnered with Yahoo DSP to expand its programmatic retail media offerings in-store. This collaboration enables advertisers to use Yahoo’s demand-side platform (DSP) to programmatically purchase and manage in-store audio ad inventory across Vibenomics’ retail network, which includes over 25,000 locations across five key verticals: grocery, drug, sporting goods, home improvement and convenience.
In Semiconductor & Electronics this week…
Movellus Joins the Silicon Catalyst In-Kind Partner Ecosystem
Movellus announced that it has joined the Silicon Catalyst ecosystem as the newest member of their In-Kind Partner (IKP) network. Silicon Catalyst is the only incubator + accelerator focused on the global semiconductor industry including Chips, Chiplets, Materials, IP and Silicon fabrication-based Photonics, MEMS, Sensors, Life Science and Quantum. The Silicon Catalyst IKPs provides technical and business support to the Portfolio Companies in the incubator + accelerator, enabling them to tap into the products and services available to enhance the growth of their companies.
Article of the Week
5 Surprising Disadvantages of Floating Solar [+ Cost]
