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…
EnerSys ABSL Battery Launches on NASA’s Europa Clipper
EnerSys, the global leader in stored energy solutions for industrial applications, is proud to announce that its ABSL™ lithium-ion space battery was successfully launched onboard NASA’s Europa Clipper spacecraft. The launch took place on October 14, 2024, aboard a SpaceX Falcon Heavy Rocket from NASA’s Kennedy Space Center.
In Automotive news this week…
Panasonic and Arm Partner to Standardize Software-Defined Vehicles
Panasonic Automotive Systems Co., Ltd. (PAS) and Arm announced a strategic partnership to standardize vehicle architecture for software-defined vehicles (SDVs). The two companies share a vision to develop a flexible software stack that meets the current and future needs of the automotive industry. PAS and Arm were brought together through their active participation in SOAFEE , an industry-wide initiative that drives closer collaboration on standardized software development across the automotive sector.
In BFSI news this week…
Cognizant Unveils Global FinOps Center, New IBM-Powered Solutions for Modernization
Cognizant and IBM announced the debut of a new FinOps Center of Excellence (CoE), built on IBM’s leading FinOps software and Cognizant’s cloud and developer platforms. The global innovation center harnesses the strengths of Cognizant’s industry and technology expertise, combined with IBM solutions, to help global clients address challenges, including escalating costs, around AI readiness, cloud governance and architecture modernization.
GenomOncology & Genomenon Partner to Boost Germline Variant Classification
GenomOncology, a precision medicine software company, and Genomenon, a leading genomic intelligence company, announced a strategic partnership aimed at streamlining germline variant classification and genomic reporting. Through this collaboration, GenomOncology will integrate Genomenon’s Mastermind Data into its knowledgebase, making this valuable data accessible to customers.
Alterra, Neste & Technip Energies Partner for Standardized Chemical Recycling Plants
Alterra, Neste and Technip Energies have signed a collaboration agreement to advance the circularity of plastics by providing the industry a standardized technology solution for chemical recycling, also referred to as “advanced recycling”. The partners aim to globally offer a standardized modular solution, based on Alterra’s proprietary liquefaction technology, to parties interested in building capacity for chemical recycling.
In Defence Technology news this week…
L3Harris EW System Passes Safety Flight Tests
L3Harris Technologies has completed Safety of Flight (SOF) qualification on its Viper Shield™ all-digital electronic warfare (EW) suite for F-16 fighter jets. The company will provide the advanced capability to F-16 fleets for six international partners.
In Energy, Power and Sustainability news this week…
Bloom Energy and Quanta Computer Partner to Power AI Revolution
Bloom Energy, a world leader in solid oxide fuel cell (SOFC) technology, and Quanta Computer Inc. a premier Taiwanese electronics manufacturer, announced a major expansion of an existing agreement to power the production of critical hardware serving the AI industry. The new agreement increases the power capacity of Quanta’s existing Bloom SOFC installation by more than 150 percent and will circumvent a costly utility interconnection delay to keep up with rapidly growing demand for orders.
In Food & Beverage this week…
Serve Robotics Acquires Autocado Maker Vebu, Boosting Automation
Serve Robotics Inc, a leading autonomous robotic delivery company, announced its agreement to acquire the assets of Vebu Inc. (“Vebu”), a trailblazer in full-stack automation and robotics solutions for restaurant partners. Financial terms of the all-stock transaction were not disclosed and the transaction is subject to customary closing conditions.
In Healthcare this week…
Maverick AI Unveils CodePilot: Real-Time Medical Coding at Point of Care
Maverick Medical AI, a pioneer in Real-Time Autonomous Medical Coding, is pleased to announce the launch of its latest product, Maverick CodePilot™. This groundbreaking solution represents a significant advancement in the management of the mid-revenue cycle, integrating real-time medical coding intelligence and regulatory compliance allowing real time textual suggestions to physicians eliminating the need for addendum creation, maximizing revenue and improving quality of documentation.
In Information Technology this week…
Motive Companies Announces Acquisition of GXC
Motive Companies, a leading provider of renewable energy and infrastructure solutions for industrial and commercial applications, announced it has reached an agreement to acquire GXC, a highly-respected provider of private cellular network solutions for enterprises. Through this transaction, Motive will provide GXC with substantial resources to expand its customer base and deliver advanced 5G network services to a broad range of industrial customers. Terms of the acquisition were not disclosed.
In IoT this week…
Verkada Unveils New Alarms, Dome Cameras, and AI Search Features
Verkada, the leader in cloud-based physical security, announced a reimagined Alarm solution that, unlike traditional systems, provides more informed alarm response, minimizes false alarms, and gives administrators more visibility and control across their sites.
In Materials this week…
DuPont Launches Tyvek for Sustainable Healthcare Packaging
DuPont announced the launch of Tyvek with Renewable Attribution (RA), an extension of the existing portfolio of Tyvek products for healthcare packaging that offers a significantly reduced carbon footprint, helping to enable more sustainable healthcare packaging. The carbon footprint reduction for Tyvek with Renewable Attribution is enabled by the partial replacement of fossil fuel feedstock with certified bio-circular feedstock during the production of raw materials used in Tyvek manufacturing. This is achieved through the mass balance approach, in accordance with International Sustainability and Carbon Certification (ISCC PLUS).
In Madical devices this week…
Mindray & TeleRay Partner to Enhance Ultrasound Delivery
Mindray, a leading global developer of healthcare technologies and solutions specializing in patient monitoring, anesthesia, and ultrasound, has announced a strategic partnership with TeleRay, a virtual care company dedicated to providing the world’s most scalable, accessible and user-friendly healthcare communications platform specifically for radiology.
In Retail this week…
Thrasio Appoints David Johnson as Chief Executive Officer
Thrasio Holdings, Inc., a next-generation consumer goods company committed to offering superior products that enhance everyday life, announced that its Board of Directors has appointed David Johnson as the Company’s Chief Executive Officer and Board Member.
In Semiconductor & Electronics this week…
FormFactor & Advantest Collaborate on Silicon Photonics Test Cell
FormFactor, Inc. and Advantest Corporation announced a strategic partnership to develop a novel test cell and measurement system designed for high-volume production of silicon photonics (SiPh) and co-packaged optics (CPO) devices. This collaboration is driven by the revolution in AI data center architectures, which require ever-increasing bandwidth while reducing power consumption.
Article of the Week
Digital Transformation Driving the Food Industry
Digital transformation is assisting the transition of the food industry, leveraging emerging technologies to enhance efficiency, improve food safety, and optimize supply chains. This transformation is not just about adopting new technologies. It also involves rethinking how food companies operate, engage with customers, and manage their resources.