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…
Swiss-AS and Aeroxchange Launch AMOS-AeroRepair EDI Interface
Swiss AviationSoftware Ltd. (Swiss-AS) and Aeroxchange are pleased to announce the release of a new Electronic Data Interchange (EDI) interface between their respective systems, AMOS and AeroRepair. This collaboration will enhance efficiency and streamline the repair order management process for operators and MRO providers.
In Agritech news this week…
Syngenta and Taranis Unite for AI-Driven Agronomy Solutions
Syngenta Crop Protection, LLC, a global leader in crop protection, is proud to announce that Syngenta and Taranis, the world’s leading AI-powered crop intelligence platform, have entered into a multi-year collaboration to bring Artificial Intelligence (AI)-driven agronomic productivity and conservation-focused innovation to agricultural retail partners in the US.
In Automotive news this week…
TIER IV & Hitachi Astemo Partner on SOAFEE-Compliant Autonomous Driving Systems
TIER IV, the pioneering force behind Autoware, the world’s first open-source software for autonomous driving, is excited to announce the launch of a joint initiative with Hitachi Astemo to advance autonomous driving systems and software-defined vehicles (SDVs). This collaboration, leveraging Autoware’s capabilities, builds on both companies’ engagement with the Autoware Foundation (AWF) and Scalable Open Architecture for Embedded Edge (SOAFEE) initiative. With their sights set on 2030, the companies are intensifying their efforts to deliver innovative solutions for mass production vehicle models.
In BFSI news this week…
EQ Bank and DataVisor Team Up for Advanced Fraud Protection
DataVisor, the world’s leading AI-powered fraud and risk platform, announced that EQ Bank selected the company’s next generation fraud detection suite to enhance its fraud-fighting capabilities. EQ Bank, the digital arm of Canada’s Challenger Bank™ with a mission to drive change in banking and enrich people’s lives, will now augment its advanced fraud protection across its diverse array of competitive banking offerings. This encompasses a wide range of products ranging from everyday banking accounts to guaranteed investment certificates (GICs), tax-free saving accounts (TFSAs) and other registered products, all seamlessly overseen within DataVisor’s comprehensive end-to-end fraud platform.
Myriad Genetics and Flatiron Health Partner to Make Genetic Testing
Myriad Genetics, Inc, a leader in genetic testing and precision medicine, announced a collaboration with Flatiron Health, a leading health tech company dedicated to expanding the possibilities of point of care solutions in oncology. This collaboration allows physicians to order Myriad’s MyRisk® Hereditary Cancer Test and view the results of the test directly in Flatiron’s cloud-based Electronic Medical Record (EMR) platform, OncoEMR®. MyRisk is the first hereditary cancer test to be incorporated into Flatiron’s OncoEMR.
Organik Kimya Partners with FourKites to Boost Customer Satisfaction and Cut Supply Chain Costs
Leading real-time supply chain visibility platform FourKites announced it has been chosen by chemical manufacturer Organik Kimya to provide supply chain visibility for its global shipments.
This collaboration marks a significant step forward for Organik Kimya’s mission to optimise its logistics and transportation processes, enhancing its capabilities to gain a real-time, end-to-end view of the supply chain.
In Defence Technology news this week…
John Bell Named CTO of HII’s Mission Technologies Division
HII announced the promotion of John Bell to chief technology officer (CTO) for its Mission Technologies division. Bell’s appointment is part of the alignment between HII’s Mission Technologies CTO office and the corporate CTO office, supporting the rapid growth of Mission Technologies, new cross-division opportunities, and the adoption of “Industry 4.0” capabilities, including Artificial Intelligence (AI), Big Data, and Robotics.
In Energy, Power and Sustainability news this week…
Amazon Backs X-energy for Advanced Small Nuclear Reactors, Boosts Carbon-Free Power
X-Energy Reactor Company, LLC, a leader in advanced nuclear reactor and fuel technology, announced a Series C-1 financing round of approximately $500 million, anchored by Amazon.com, Inc. The investment will help meet growing energy demands by funding the completion of X-energy’s reactor design and licensing as well as the first phase of its TRISO-X fuel fabrication facility in Oak Ridge, Tennessee.
In Food & Beverage this week…
SKUx and Mondelēz Launch Hedera DLT Project Phase One
SKUx, a leader in item-level payments acceptance and digital payment innovation, announced the completion of the first phase of its payment-based offer innovation project with Mondelēz International and Hedera, an open source leading enterprise distributed ledger technology (DLT) network.
In Healthcare this week…
Medline Teams with Microsoft to Transform Healthcare Supply Chain
Medline announced it is joining forces with Microsoft to address complex supply chain challenges facing today’s healthcare professionals. Their shared goal is to reduce disruptions and enable more focus across all patient care settings. Together, the two organizations are designing an innovative healthcare supply chain resiliency solution built on Microsoft 365 and powered by Azure AI that is easy to navigate, predictive and secure. The solution will aim to leverage AI-generated insights to save time, headaches and hassle while eliminating onerous technology implementation through integrated inventory management.
In Information Technology this week…
Calix Launches ManagedBiz for Secure Business Connectivity and Analytics
Calix, Inc. announced ManagedBiz at Calix ConneXions. Combining secure connectivity and actionable analytics, ManagedBiz is designed to enable broadband service providers (BSPs) and managed service providers (MSPs) to meet the evolving needs of mid-sized businesses and the academic and public sectors, offering seamless operation powered by Calix Cloud on the Calix Broadband Platform. Additionally, a portfolio of ManagedBiz appliances will provide multi-layer security with role-based cloud management for service providers and IT teams.
In IoT this week…
ACL Digital Joins Intel Foundry Accelerator Alliance
ACL Digital, a leader in digital product innovation & digital engineering, has joined the Intel Foundry Accelerator Design Services Alliance. This collaboration empowers ACL Digital to leverage its Pre & Post Silicon Design competencies to cater to the challenging needs of the Hyperscalers, Communication, Automotive & IoT market segments.
SYSPRO Integrates with Adobe Commerce, Expands Mobile Warehousing
SYSPRO, a global provider of industry-built enterprise resource planning (ERP) software, announced the integration of its ERP system with Adobe Commerce, facilitated by a new plug-in developed by ISV partner Room40 Coding. The plug-in provides a deeper level of data exchange between the two platforms to enable stronger e-commerce and warehouse management. The announcement took place at SYSPRO’s annual Fusion PartnerUP Conference in San Diego.
In Materials this week…
AGC Introduces METEORWAVE ELL Ultra-Low Loss PCB Materials
AGC, a world-leading manufacturer of glass, chemicals, and other high-tech materials, has launched the “METEORWAVE® ELL Series of Multilayer Printed Circuit Board (PCB) Materials,” which achieves one of the industry’s highest levels*1 of low transmission loss and high thermal resistance for high-speed communication applications. The METEORWAVE® ELL Series will contribute to higher capacity, higher transfer rates, and lower power consumption of data communication, as the volume of data communication is projected to grow dramatically in the future owing to advances in IoT, DX, and generative AI.
In Madical devices this week…
Biomerics Unveils New MIM Services
Biomerics, the leading vertically integrated medical device contract manufacturer in the interventional device market, announced the launch of its vertically integrated metal injection molding services. Through their new Metal Injection Molding (MIM) Center of Excellence, Biomerics further enhances its commitment to contract design and manufacturing excellence in the metals space.
In Retail this week…
Tickr Appoints Ian Sexton as Chief Revenue Officer
Tickr, the leading provider of AI and Data Science-driven solutions that maximize business performance for leading CPG and Retail brands, announced the addition of former Circana and NCR executive Ian Sexton to its leadership team as Chief Revenue Officer. This latest move comes as Tickr meets growing demand for its AI and data science solutions from major consumer brands, retailers and data partners.
In Semiconductor & Electronics this week…
KLA Launches Advanced IC Substrate Portfolio for Semiconductors
KLA Corporation introduced the industry’s widest breadth of process control and process-enabling solutions for IC substrate (ICS) manufacturing. KLA’s combined expertise in front-end semiconductors, packaging and IC substrates will help customers achieve breakthroughs in packaging interconnect density for chips targeting high-performance applications.
Article of the Week
Grid Modernization: What It Is and Why We Need It
If there’s one thing everyone agrees on, it’s that grid modernization is long overdue.
It has always been an ongoing effort to modernize the electric grid. The current grid, however, is clearly inadequate to handle the growing demand for electricity, as seen by recent years. The United States utilized more energy than it has ever done in 2018, according to the U.S. Energy Information Administration, and this trend will continue as the country’s population grows.