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 Sends Blue Ghost for Pre-Moon Mission Testing
Firefly Aerospace, an end-to-end space transportation company, announced Firefly’s Blue Ghost lunar lander has arrived at NASA’s Jet Propulsion Laboratory (JPL) for environmental testing before the lander ships to Cape Canaveral for a Q4 2024 launch. As part of NASA’s Commercial Lunar Payload Services (CLPS) initiative, Firefly’s Blue Ghost Mission 1 lander is integrated with 10 scientific instruments and technology demonstrations that will help pave the way for humanity’s return to the Moon.
In Agritech news this week…
EarthOptics & Pattern Ag Unite to Transform Soil Health Digitally
EarthOptics and Pattern Ag have merged, creating a category leader in soil digitization to power advanced crop management and climate sustainability. The newly combined soil intelligence company will operate under the name EarthOptics and be the authoritative source of soil insights and the leader in Predictive Agronomy.
In Automotive news this week…
Parade Tech Unveils Tcon Touch Drivers for Car Displays
Parade Technologies, Ltd, introduced the TC1312V device, its first fully integrated AEC-Q100 qualified touch with Tcon embedded drivers targeting automotive cockpit displays. The TC1312V combines Parade’s broad portfolio of patented touchscreen technology and proven in-cell, display processing and high-speed signal technology, to provide the lowest EMI and lowest latency touch experience for automotive displays.
In BFSI news this week…
One Equity Partners Agrees to Acquire EthosEnergy
One Equity Partners (“OEP”), a middle market private equity firm, announced that it has agreed to acquire EthosEnergy, a global independent service provider focusing on rotating equipment for customers in the power generation, energy, industrial, and aerospace and defense markets.
In Biotech this week…
Flagship Pioneering and Quotient Therapeutics Announce Agreement to Identify Potential Novel Targets for the Treatment of Cardiovascular and Renal Diseases under Strategic Partnership with…
Flagship Pioneering demonstrated further acceleration in its strategic partnership with Pfizer Inc, announcing two research programs with Flagship-founded Quotient Therapeutics. Under the collaboration, the companies will analyze somatic mutations that occur in diseased patient tissue to inform the discovery and development of potentially transformative therapies for cardiovascular and renal diseases.
Wildcat Provides Coated Electrodes to Top Battery Maker
Wildcat Discovery Technologies, a leading US cathode producer, announced it supplied a prominent battery cell maker with coated electrode samples, demonstrating its capabilities in every facet of the battery cell-making process, from powder production to cell testing.
In Defence Technology news this week…
Leidos awarded a contract to enhance missile warning capabilities
Leidos, a Fortune 500® innovation leader, was recently awarded a Missile Warning/Missile Track Enhancement (MW/MT) contract by the Space Systems Command, Strategic Warning and Surveillance Systems Acquisition Delta. Leidos will provide mission software and technology-enabled services to enhance missile warning capabilities for the Combatant Commanders Integrated Command and Control Systems (CCIC2S). The award has a base period of performance of 54 months.
In Energy, Power and Sustainability news this week…
EVLO Launches High-Density 5 MWh Battery Solution
EVLO Energy Storage Inc. (EVLO), a fully integrated battery energy storage system (BESS) provider and wholly owned subsidiary of Hydro-Québec, announces EVLO SYNERGY, a new 5-megawatt-hour (MWh) BESS in a 20-foot enclosure. EVLO SYNERGY is the latest addition to EVLO’s portfolio of BESS products dedicated to the integration of renewable energy, participation to capacity services, and the resiliency of the electrical grid.
In Food & Beverage this week…
Nestlé appoints Laurent Freixe as CEO
The Board of Directors of Nestlé has appointed Laurent Freixe, currently Executive Vice President and CEO Zone Latin America (LATAM), as Chief Executive Officer Nestlé S.A., effective September 1. The Board has also nominated Laurent Freixe as a candidate for the Board of Directors at the 2025 Annual General Meeting.
In Healthcare this week…
PatientPay and ClearGage Merge, Transforming Healthcare Payments
PatientPay, the leading patient billing and payments partner for acute, ambulatory and specialty care, and ClearGage, a leading provider of healthcare estimate and payment solutions, announced the close of their merger to deliver the industry-leading digital billing and payment platform for medical groups, specialty practices and community hospitals as PatientPay.
In Information Technology this week…
Kingston Digital Adds Red Colorway to External SSD Lineup
Kingston Digital, Inc., the flash memory affiliate of Kingston Technology Company, Inc., a world leader in memory products and technology solutions, announced the addition of new red colored XS1000 External SSD, a small and incredibly sleek file backup solution. The XS1000 red joins the original all-black XS1000 and silver XS2000, expanding Kingston’s external SSD product lineup. These external drives are extremely compact and under 29 grams to provide pocket-sized portability.
In IoT this week…
Mouser Electronics Delivers Latest Arduino Solutions
Mouser Electronics, Inc., the authorized global distributor with the newest electronic components and industrial automation products, is stocking the newest products and solutions from Arduino, a global leader in open-source hardware and software. Arduino products are designed from inception to provide an accessible platform and ecosystem for creativity and innovation. Arduino’s solutions offer a powerful answer to the talent shortage in engineering and break free from vendor lock-in with a robust line of open-source products enabling IoT, automation, Industry 4.0, and machine learning at the edge.
In Logistics and Supply Chain this week…
Trilogy NextGen Enhances Bioworld Logistics with Smart Robotics
Trilogy NextGen, a leader in digital transformation solutions, announced it is supplying customized logistics systems powered by autonomous robotics for Bioworld Merchandising, a leading global brand manufacturer of licensed apparel, accessories and home goods. With a sales and distribution network that supports the world’s largest retailers, Bioworld employs state-of-the-art technology in its product fulfillment and logistics operations.
In Materials this week…
Laser Photonics Unveils Semi-Auto CleanTech MegaCenter
Laser Photonics Corporation, a leading global industrial developer of laser systems for cleaning and other material processing applications, announces the launch of the CleanTech MegaCenter 5010 (CTIR-5010) – a versatile surface treatment system for seamless integration into production lines and more. LPC’s new CTIR-5010 is an industrial-caliber fiber laser solution for semi-automatic laser cleaning and surface conditioning.
In Madical devices this week…
StatLab and Diapath Finalize Agreement
StatLab Medical Products, a leading global developer and manufacturer of medical diagnostic supplies and equipment, announced that it has reached an agreement to acquire Diapath S.p.A. (“Diapath”), a prominent Italian manufacturer of histology and cytology products and equipment. The integration of Diapath, with its highly innovative equipment offerings, manufacturing capabilities, and established customer base across Europe, Asia-Pacific, Middle East and Africa, and Latin America, positions StatLab to expand its market access, unlocking significant potential for growth and enhancing its global leadership.
In Retail this week…
Onfleet Integrates with Shopify for Better Delivery
Onfleet, the fastest growing last mile delivery management software platform, and Shopify Inc., a provider of essential internet infrastructure for commerce, announced a partnership that integrates Shopify’s online orders with Onfleet’s last mile delivery management software platform. The new integration will streamline order processing for Shopify users by creating Onfleet delivery tasks automatically from Shopify fulfillment orders
In Semiconductor & Electronics this week…
VanEck Unveils SMHX: Focused Fabless Semiconductor Exposure
VanEck is announcing the newest addition to its suite of thematic equity ETFs: the VanEck Fabless Semiconductor ETF (SMHX), targeting semiconductor companies that design and develop chips but outsource their manufacturing. Unlike integrated chip manufacturers, fabless companies focus solely on chip design and development and outsource their production.
In Smart lighting this week…
EiKO Announces President and CRO Yavor Kolarov
EiKO Global, a trusted partner to the lighting industry for over 45 years, is proud to announce the appointment of Yavor Kolarov as President & Chief Revenue Officer. Yavor is a seasoned lighting leader, who has worked with major lighting manufacturers such as Osram and Acuity Brands.
Article of the Week
A Holistic Guide to ServiceOps
ServiceOps is a confluence of service and operations management and is an emerging trend in enterprise technology. ServiceOps at its core revolves around modifying organizational work culture, day-to-day operations, and technologies integrated in a way that ensures enhanced user experience by offering real-time transparency, automation, and smart collaboration throughout the organization among otherwise siloed departments.