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 Sets Launch Window For Next Capella Space Mission From Launch Complex 1
Rocket Lab USA, Inc, a global leader in launch services and space systems, announced it has set the launch window for its 51st Electron launch, a dedicated mission for American space tech company Capella Space (“Capella”).
The ‘A Sky Full Of SARs’ mission is scheduled to launch during a 14-day window that opens on July 21 NZST / July 20 UTC from Rocket Lab Launch Complex 1 on New Zealand’s Mahia Peninsula.
In Agritech news this week…
Barchart Enhances Yield Forecast Model with Integration of Planet Data
Barchart, a leading provider of technology, data and workflow solutions for commodity firms and agribusinesses, announces a significant enhancement to its yield forecast model for US corn and soybeans through the integration of data from Planet Labs PBC a global provider of high-resolution satellite imagery. This collaboration marks a milestone in Barchart’s commitment to delivering cutting-edge agricultural insights to its clients.
In Automotive news this week…
SoundHound Chat AI Launches in Peugeot, Opel, and Vauxhall Vehicles Throughout Europe
SoundHound AI, Inc, a global leader in voice artificial intelligence, announced its SoundHound Chat AI voice assistant with integrated ChatGPT is now live and in production in Peugeot, Opel, and Vauxhall vehicle brands across 11 European markets including Austria, France, Germany, Italy, Spain, and the United Kingdom. By the end of July, the rollout will be extended to 17 markets in 12 different languages.
In BFSI news this week…
Volumez Announces Completion of $40 Million Series A Funding to Revolutionize Cloud-Aware Data Infrastructure
Volumez, a modern cloud-aware data infrastructure company, announced that it has completed its $40 million Series A financing round led by Koch Disruptive Technologies (KDT) with new investors including Samsung Venture Investment Corporation and J-Ventures, and with participation from existing investors Pitango First and Viola Ventures. This additional $20 million funding comes after a first tranche of $20 million funding led by KDT in April 2023.
In Biotech this week…
Illumina acquires Fluent BioSciences to accelerate single-cell analysis and discovery to a broader customer base
Illumina, Inc, a global leader in DNA sequencing and array-based technologies, announced that effective it has acquired Fluent BioSciences, developer of an emerging and highly differentiated single-cell technology.
“The addition of Fluent BioSciences to Illumina will provide significant and new capabilities to our customers in a key growth area and advances our multiomics growth strategy,” said Steven Barnard, chief technology officer of Illumina. “Single-cell research opens doors to new areas of discovery, and Fluent’s innovative, accessible, and flexible single-cell method will accelerate our ability to deliver full multiomics solutions for our customers.”
In Chemicals news this week…
Gradiant launches alkaLi, powered by EC 2 , the world’s most efficient battery lithium manufacturing process
Gradiant , a global provider of advanced water and wastewater treatment solutions, announces the spin-out of alkaLi, an independent company dedicated to accelerating the scale-up of battery-grade lithium production. alkaLi is powered by EC 2 , the world’s only all-in-one solution designed to Extract, Concentrate and Process Battery-Grade Lithium. With electric vehicles, energy storage and portable electronics driving global lithium demand, EC 2 provides unprecedented new means for producers to rapidly scale up lithium production.
In Defence Technology news this week…
BAE Systems Delivers Advanced Radar Warning Receivers to Protect U.S. Air Force Aircraft
BAE Systems is delivering AN/ALR-56M Advanced Radar Warning Receivers to the U.S. Air Force to help protect C-130J Super Hercules aircraft missions under contracts worth $133 million with the Defense Logistics Agency. The company has delivered more than 1,700 radar warning receivers for F-16 Fighting Falcons and C-130Js over three decades, providing situational awareness and self-defense capabilities that have proven themselves in combat by saving lives and enhancing mission success.
In Energy, Power and Sustainability news this week…
Xylem Raises $50 Million in Venture Investments Focused on Water Scarcity, Quality and Decarbonization
Xylem, the global water technology leader, is expanding its venture capital investment plans with $50 million committed to support emerging water companies and service providers that are solving critical climate challenges such as water scarcity, quality and decarbonization. Xylem aims to accelerate the availability of water solutions to address these challenges by investing directly in startups developing disruptive water management technologies, and by investing in specialized venture capital funds.
UniPro and Choco Partner to Offer AI-Driven Order Management Technology to More Than 450 UniPro Members
Choco, the leading global digital ordering platform for the food industry, is proud to announce a strategic partnership with UniPro, the largest food distribution cooperative in the US. The two companies share a vision of helping food suppliers and distributors succeed in today’s marketplace through cutting-edge digital tools. As a result of the partnership, Choco’s AI-powered order management platform, Choco AI, will be one of the preferred technology and AI partners for all UniPro members, which comprise more than 450 distributors in the US.
In Healthcare this week…
Pulse Biosciences, Inc. Announces Receipt of FDA Breakthrough Device Designation for CellFX® nsPFA Cardiac Surgery System for the Treatment of Atrial Fibrillation
Pulse Biosciences, Inc, a company leveraging its novel and proprietary Nanosecond Pulsed Field Ablation technology, announced that it has received the Breakthrough Device Designation from the U.S. FDA for the Company’s Cardiac Surgery System for the ablation of cardiac tissue for the treatment of atrial fibrillation (AF). Pulse Biosciences’ Cardiac Surgery System with Surgical Clamp is designed to produce durable, continuous transmural ablation lesions during cardiac surgery procedures for the treatment of atrial fibrillation.
In Information Technology this week…
ControlUp Announces North American Distribution Relationship with Ingram Micro
ControlUp, at the forefront of Digital Employee Experience (DEX) management, announced a new North American distribution agreement with Ingram Micro Inc, a global leader in technology and supply chain services. The strategic relationship empowers Ingram Micro’s extensive ecosystem of resellers, system integrators, and service providers in North America to easily access ControlUp’s DEX platform. This collaboration aims to enhance user experiences, lower computing costs, and quickly solve desktop issue troubleshooting and remediation.
In Martech this week…
NielsenIQ (NIQ), by integrating Consumer Panel and Retail Measurement data into the NIQ Discover platform, brings the power of a connected user experience to life
NielsenIQ (NIQ) announces the launch of an integrated user experience for its global consumer panel customers. This delivers the “Full View” of Retail Measurement and Consumer Panel data in a single platform, NIQ Discover. With a focus on further improving the customer experience, the Discover platform leverages a new cloud-based architecture and aggregation engine that provides faster data accessibility and user flexibility.
In Logistics and Supply Chain this week…
Blue Yonder Empowers Organizations to Deliver on Supply Chain Business Objectives With Advanced Planning and Execution Insights
As it continues to build the supply chain for the future, Blue Yonder strengthened its enterprise supply chain platform and industry-specific offerings by launching new planning and execution capabilities that empower supply chain leaders to meet critical business objectives. These product innovations are aimed at further supporting organizations by serving actionable insights from their supply chain data that drive greater cost efficiency and a faster return on investment.
In Materials this week…
Parts Town Launches Innovative HVAC Data Plate Scanner
Parts Town, the technology innovator and market-leading distributor of original equipment manufacturer (OEM) foodservice parts, HVAC parts and residential appliance parts, announced the launch of its first visual search capability, their HVAC Data Plate Scanner, now available in the Parts Town mobile app. The new feature allows HVAC technicians to effortlessly identify and purchase the exact parts they need by simply scanning the data plate on HVAC equipment.
In Medical device this week…
Element Science Receives Prestigious International Red Dot Design Award for Innovative Jewel Patch Wearable Cardioverter Defibrillator
Element Science, an innovative health technology company pioneering a digital wearable platform that monitors and protects high-risk cardiovascular patients, announces that its Jewel® Wearable Patch Cardioverter Defibrillator (Jewel) has received the prestigious Red Dot Design Award. This award signals international recognition of Jewel’s unique design, focusing on patient comfort while delivering continuous protection from temporary periods of elevated Sudden Cardiac Arrest (SCA) risk, which typically occurs in the weeks to months after suffering a cardiac event, such as a heart attack.
In Retail this week…
Redslim and Kantar Collaborate to Unlock Data Potential for CPG and Retail industry
Redslim, known for its expertise in maximizing data consumption, has announced a new data partnership with Kantar’s behavioural research division, Worldpanel.
This collaboration will bring Kantar’s WorldpanelPlus insights to life, thanks to Redslim SPRINT, a BI front-end for consuming fragmented datasets. Businesses will be empowered with easily accessible consumer data and actionable intelligence.
In Semiconductor & Electronics this week…
Nearfield Instruments’ QUADRA In-Line Semiconductor Metrology System Features New ‘Lightning Mode™’; System Fully Validated for High-volume Manufacturing
Nearfield Instruments B.V., a provider of groundbreaking process control metrology solutions for advanced semiconductor devices, launched “Lightning Mode™”, a new feature for QUADRA®, which is the semiconductor industry’s highest-throughput atomic force microscopy (AFM) metrology system for advanced semiconductor devices. QUADRA is now fully qualified and deployed for high-volume manufacturing (HVM) at the industry’s leading fabs.
In Smart Lighting this week…
GE Lighting, a Savant company and SmartThings Join Forces to Revolutionize Connected Home Lighting
GE Lighting, a Savant company is excited to announce a collaboration with SmartThings, Samsung’s global connected living platform, to enhance home experiences by expanding connected smart lighting options for consumers. Now compatible with Matter, Cync® reveal® undercabinet fixtures work with SmartThings to help revolutionize the connected kitchen experience creating customizable lighting that integrates seamlessly into users’ lifestyles.
Article of the Week
What Is Procurement Intelligence? Advantages & Disadvantages
In today’s rapidly evolving and increasingly complex business landscape, companies face numerous challenges in managing their procurement processes efficiently. From fluctuating market dynamics to supplier complexities, organizations often struggle to make informed decisions and optimize their procurement strategies.
A study reveals that 55% of companies plan to increase their supply chain investments by 2024, highlighting the current procurement challenges and the opportunities offered by new technologies.