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…
Rocket Lab’s Second Spacecraft Supports Air Force & NASA Payloads
Rocket Lab USA, Inc, a global leader in launch services and space systems, announced its second Pioneer spacecraft for Varda Space Industries, Inc, is successfully operating on orbit. The mission launched January 14, from Vandenberg Space Force Base at 11:09 PDT (19:09 UTC). Varda’s W-2 mission includes a Rocket Lab Pioneer spacecraft and a Varda re-entry capsule carrying a spectrometer from the Air Force Research Laboratory (AFRL).
In Agritech news this week…
Hiphen Acquires Aurea Imaging’s Phenotyping, Strengthening Drone Analytics Leadership
Hiphen and Aurea Imaging, two trailblazers in remote sensing, computer vision, and artificial intelligence for agriculture, have announced a major transaction that will bring image analytic solutions to crop researchers and producers: Hiphen is acquiring Aurea Imaging’s drone phenotyping activities. This strategic acquisition solidifies Hiphen’s status as the leading provider of advanced drone image analytics and predictive solutions for crop science organizations and agricultural enterprises worldwide.
Schneider Electric and The Mobility House Solutions Forge Strategic Partnership to Transform EV Fleet Charging
Schneider Electric, a global leader in energy management and automation, has teamed up with The Mobility House Solutions, a pioneer in smart charging technology, to revolutionize the deployment of electric vehicle (EV) fleet charging and energy management solutions. This strategic collaboration aims to accelerate the adoption of EV load management, smart charging, and integrated energy solutions for fleet operators worldwide.
In BFSI news this week…
AML RightSource Names Steve Meirink CEO
AML RightSource, the global leader in financial crime compliance solutions, announced the appointment of Steve Meirink as the company’s new Chief Executive Officer, effective immediately, and that he has been named to the Board of Directors. Meirink succeeds Frank Ewing, whose transformative 15-year tenure propelled AML RightSource into a global industry leader. Ewing will continue to serve on the Board of Directors, helping further shape the Company’s strategic direction.
In Biotech this week…
Verastem Oncology Appoints Matthew E. Ros as COO
Verastem Oncology, a biopharmaceutical company committed to advancing new medicines for patients with RAS/MAPK pathway-driven cancers, announced the appointment of Matthew E. Ros as chief operating officer. In his role, Mr. Ros will report to Dan Paterson, president and chief executive officer, and will serve on the company’s executive leadership team.
In Chemical news this week…
Chemify Appoints Dr. Alastair Leighton as COO
Chemify, a deep tech chemical science company combining chemistry, robotics and AI at scale to digitally design, discover and make new molecules, announced that Dr. Alastair Leighton has joined as Chief Operating Officer (COO). With almost three decades in the biopharma industry working at leading global pharmaceutical companies, Dr. Leighton brings a wealth of experience in manufacturing, supply chain operations and commercial strategy.
In Defence Technology news this week…
Slingshot Aerospace to Provide USSF Technology for GPS Threat Detection
Slingshot Aerospace, Inc., the leader in AI-powered solutions for satellite tracking, space traffic coordination, and space modeling and simulation, announced it has been awarded $1.9 million from the United States Space Force’s (USSF) Space Systems Command (SSC) to further develop Slingshot’s existing GPS jamming and spoofing detection, as well as more precisely geolocate the sources and predict patterns of interference.
In Energy, Power and Sustainability news this week…
SolarEdge and Summit Ridge Energy Join Forces to Deploy American-Made Solar Technology for U.S. Rooftop Solar Projects
SolarEdge Technologies, Inc, and Summit Ridge Energy (SRE), a prominent player in the commercial solar industry, have announced a strategic partnership focused on the deployment of SolarEdge’s American-manufactured inverters and Power Optimizers. These products, produced in Tampa, Florida, will be a cornerstone of SRE’s efforts to standardize rooftop solar installations across the U.S. The collaboration is poised to drive solar energy capacity with an estimated 100MW+ of installations.
In Food and Beverage this week…
ReposiTrak and Upshop Partner for FSMA 204 Solution
ReposiTrak, the world’s largest food traceability network, and Upshop, the leader in store operations technology for food retailers, announced a transformative partnership that will simplify how retailers solve the FSMA 204 food traceability challenge. The groundbreaking integration establishes a real-time connection between shippers and receivers, leveraging ReposiTrak’s network of more than 30,000 suppliers and Upshop’s store operations technology platform.
In Healthcare this week…
Biotricity and B-Secur Launch Comprehensive Cardiac Monitoring Platform
Biotricity Inc. , a provider of remote cardiac monitoring solutions, and B-Secur, a leader in biosensing technology, have joined forces to create one of the most advanced, device-neutral platforms for integrated heart monitoring. By combining B-Secur’s HeartKey® technology, a suite of FDA-cleared algorithms and analytics, with Biotricity’s medical and consumer diagnostic solutions, the new partnership will empower Integrated Delivery Networks, healthcare providers, health systems, and Independent Diagnostic Testing Facilities with enhanced capabilities for Ambulatory Cardiac Monitoring and ambulatory devices.
In Information Technology this week…
Lenovo Harnesses AI & Robotics for Smarter Retail
Lenovo introduced three new retail solutions that combine the best of robotics and artificial intelligence technologies. All of these solutions, first unveiled at NRF 2025 in New York City, have been field-tested and proven in commercial environments. Lenovo Retail Content Management Services enable retailers to create, schedule and display digital content on screens throughout the store.
In IoT this week…
LocatorX Names Patrick Sebastian as CTO
LocatorX, the trusted provider of secure IoT sensors and supply chain visibility, announces the appointment of Patrick Sebastian as Chief Technology Officer (CTO). In this role, Sebastian will oversee the company’s technology strategy and drive the development of its next-generation solutions for asset tracking, authentication, and provenance.
In Logistics and Supply Chain this week…
FourKites Unveils Intelligent Control Tower with Real-Time Data, Digital Twins, and AI-Driven Workforce
FourKites, a leader in real-time supply chain visibility, has launched its Intelligent Control Tower, a groundbreaking platform that combines real-time data, digital twins, and an AI-powered digital workforce to redefine supply chain management. The Intelligent Control Tower leverages three key assets that only FourKites can offer, providing unparalleled value to supply chain professionals worldwide.
In Materials this week…
Kennametal Names Faisal Hamadi President of Infrastructure Segment
Kennametal Inc, announced that Faisal Hamadi, currently Vice President of Kennametal’s Value Creation Systems, will succeed Franklin Cardenas as President of the Company’s Infrastructure segment, effective January 20, 2025. “I want to thank Franklin for his years of service and many contributions to Kennametal,” said Sanjay Chowbey, President and CEO. “We wish him success in his future endeavors and appreciate his ongoing partnership with Faisal to ensure a seamless transition.”
In Medical Devices this week…
DeepSight Appoints Dr. Diku Mandavia as CMO
DeepSight Technology, a leading innovator in medical device technology, announced the appointment of Dr. Diku Mandavia as its new Chief Medical Officer (CMO). In this role, Dr. Mandavia will provide medical leadership across all clinical and commercial activities, guiding the development of DeepSight’s cutting-edge ultrasound solutions, including NeedleVue™ Ultrasound System, OnPoint™ Imaging, and the EchoLux™ Ultrasound System.
In Retail this week…
Algolia Unveils Intelligent Fashion Solution: Revolutionizing Fashion Retail Ecommerce with Cutting-Edge Technology
Algolia, a leader in online fashion retail technology, has launched its Intelligent Fashion Solution, setting a new benchmark in the fashion e-commerce sector. The solution is designed to create personalized, seamless shopping experiences, addressing the most pressing challenges faced by online fashion retailers. With this innovation, Algolia aims to help fashion retailers enhance customer satisfaction, optimize conversions, and redefine the online shopping journey.
In Semiconductor & Electronics this week…
Broadcom Unveils the Industry’s Fastest and Most Efficient SAN Switch for Rack-Based Infrastructure
Broadcom Inc, has announced the launch of the Brocade G710 24-port 64G switch, setting a new standard for speed and efficiency in top-of-rack SAN switches. The Brocade G710 combines cyber-resilient and autonomous SAN technology in a cost-effective platform, offering seamless integration into rack-based storage environments. This innovative switch is part of the industry’s most comprehensive 64G SAN portfolio, which includes fixed port switches, modular directors, extension switches, and management software.