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…
V2X Secures $141 Million Award to Provide Assured Communications Capability to the Navy Fleet
V2X Inc. proudly announces its award of a $141 million cost-plus-fixed-fee task order to continue providing comprehensive engineering support for Command, Control, Communications, Computer, and Intelligence (C4I) systems. This task order is part of the Navy’s Fleet Systems Engineering Team (FSET) program, which V2X has supported for 25 years, ensuring that no U.S. Navy Strike Group or Amphibious Ready Group deploys without V2X.
In Agritech news this week…
Taranis Launches Ag Assistant to Transform Farm Decision Making
Taranis, the global leader in crop intelligence, announces revolutionary AI advancements in the ag sector with the introduction of its Ag Assistant. A first for agriculture retailers and producers, Ag Assistant is powered by a generative AI model that integrates data sources from various modalities – including images, text and audio – and with a profound understanding of agronomy.
In Automotive news this week…
Covideo Announces Release of New Artificial Intelligence Capabilities for Dealerships
Covideo announced the launch of “Covideo AI Assist,” an artificial intelligence tool enabling dealerships to easily generate vehicle-specific video scripts, emails and text messages. This solution saves dealers time on researching and memorizing vehicle information and makes it easier for them to create videos with impactful, consistent messaging.
In BFSI news this week…
Coast Raises $40 Million Series B to Accelerate Adoption of Modern Fleet Payments
New York-based Coast, which offers a simple and smart way for companies in the United States to manage fuel and fleet spending, announced it has raised $40 million in new Series B financing, led by ICONIQ Growth. The round included participation from existing investors Accel, Insight Partners, Vesey Ventures, and Avid Ventures, as well as new investors Thomvest.
In Biotech this week…
Neurocrine Biosciences Launches INGREZZA® SPRINKLE (valbenazine) Capsules to Ease Administration for Patients Experiencing Dysphagia or Difficulty Swallowing
Neurocrine Biosciences, Inc announced the launch of a new sprinkle formulation of INGREZZA capsules, the #1 prescribed vesicular monoamine transporter 2 (VMAT2) inhibitor indicated for the treatment of adults with tardive dyskinesia and chorea associated with Huntington’s disease.1 INGREZZA® SPRINKLE (valbenazine) capsules is now available through the same network of specialty and local affiliated pharmacies that distribute INGREZZA.
In Chemicals news this week…
Windfall Bio Expands Production Capacity to Accelerate Commercialization of Methane Capture & Transformation Solution
Windfall Bio, a leader in methane-to-value solutions, announced it has nearly doubled its production capacity with a new research and development facility to support its robust commercial pipeline. Located in San Mateo, California, and equipped with state-of-the-art laboratories and collaborative work areas, this new facility will serve as Windfall’s R&D hub to evaluate and optimize operating conditions for on-site pilot deployments of its nature-based solution across a range of applications.
In Defence Technology news this week…
Akima Secures $78.9 Million Army Contract for Fire and Emergency Services Logistics Support
Akima, a premier provider of products and services to federal agencies, announced that its subsidiary Akima Intra-Data (AID) was awarded a $78.9 million contract by the U.S. Army for fire and emergency services logistics support at Fort Irwin, California.
In Energy, Power and Sustainability news this week…
Tesla Provides Intersect Power With 15.3 GWh of Megapacks for Solar + Storage Projects
Tesla and Intersect Power announced a contract for 15.3 GWh of Megapacks, Tesla’s battery energy storage system, for Intersect Power’s solar + storage project portfolio through 2030. This agreement, when combined with previous commitments, make Intersect Power one of the largest buyers and operators of Megapacks globally with nearly 10 GWh of large-scale energy storage expected to be deployed by the end of 2027.
In Food & Beverage this week…
Olo Launches ‘Loyalty for Borderless Accounts’ to Help Restaurant Brands Drive Traffic, Grow Revenue, and Enhance the Guest Experience
Olo Inc, a leading restaurant technology provider, announced Loyalty for Borderless Accounts, a new feature that allows guests to earn, redeem, and use rewards from a brand’s existing loyalty program through Olo’s seamless, passwordless guest checkout solution. Additional product capabilities are now available across all three solution suites: Order, Pay, and Engage.
In Healthcare this week…
MedImpact Completes Integration of Elixir Solutions
MedImpact Healthcare Systems, Inc., the nation’s largest independent provider of health solutions, technology, and pharmacy benefit management services, announced that it has successfully completed the integration of Elixir Solutions. In addition to increasing MedImpact’s scale and portfolio of solutions, the acquisition was critical to safeguarding more than 1,000 jobs previously at risk due to Rite Aid’s bankruptcy and ensuring the continuity in prescription services for millions of Elixir members.
In Information Technology this week…
Silvus StreamCaster MANET Radios Added to Blue UAS Framework and Green UAS Cleared Components List
Silvus Technologies, Inc. (“Silvus”), a global leader in advanced wireless networking communication systems, announced that the U.S. Department of Defense (DoD), Defense Innovation Unit (DIU) has officially added Silvus’ StreamCaster SC4200EP and StreamCaster LITE SL4200 MANET radios to the Blue UAS Framework. After undergoing the Blue UAS program’s rigorous evaluation, this certification validates their compliance with DoD standards for cybersecurity, supply chain integrity and operational reliability.
In Internet Of Things (IOT) this week…
Water Data and IoT Company Divirod Joins SAS IoT Partner Ecosystem
Water data and IoT provider Divirod has joined the SAS Internet of Things (IoT) Partner Ecosystem. SAS is a global leader in data and AI, and this collaboration will bring together Divirod’s patented data-collection technology and SAS’ artificial intelligence (AI), IoT analytics and advanced modeling capabilities.
In Logistics and Supply Chain this week…
project44 Expands Appointment Management Capabilities To Automate Yard Operations and Planning
project44, the leader in supply chain visibility and the only High-Velocity Supply Chain Platform, announced expanded capabilities and reach for its Appointment Management product – now available in Europe as well as North America. Appointment Management offers a central view of all facility appointments with the ability to monitor trailer ETAs against scheduled appointments in real time, allowing shippers to gain visibility into inbound and outbound loads and proactively manage exceptions.
In Materials this week…
SWEP Introduces New Range of Brazed Plate Heat Exchangers Optimized for Natural Refrigerants
SWEP, part of Dover and a world-leading supplier of brazed plate heat exchangers (BPHEs), announced the launch of the SWEP 190 range of brazed plate heat exchangers, which are optimized for low-global warming potential (GWP) and natural refrigerants.
With stringent new regulations on human-made fluorinated gases, SWEP customers around the world are increasingly challenged to rethink the design of their heating, ventilation, air conditioning and refrigeration (HVACR) systems.
In Medical device this week…
Intelliguard Unveils Enhanced Suite of Medication Management and Data Intelligence Solutions to Ensure an Environment of Safety for Hospitals and Patients
Intelliguard, a proven provider of medication management and data intelligence solutions, has unveiled its Mira Ecosystem, a reimagined product line of innovative and integrated solutions for hospitals and healthcare systems that support increased patient safety and operational efficiency.
In Retail this week…
Accenture to Enhance Retail Technology Transformation Capabilities with the Acquisition of Logic
Accenture has entered into an agreement to acquire Logic, a retail technology services firm that works with retailers to drive customer loyalty, boost revenue and increase agility through the use of technology. With strong capabilities in merchandising, stores, digital, analytics and cloud, the acquisition of Logic will further enhance Accenture’s ability to drive technology transformations for retail clients globally.
In Semiconductor & Electronics this week…
Source Photonics Licenses 800G Transceiver Module Designs from Intel
Source Photonics and Intel have entered into a licensing agreement that allows Source Photonics to utilize Intel’s 800G transceiver designs, including Intel’s silicon photonics chipset, to immediately enable 800G OSFP transceivers for large-scale data center and AI infrastructure deployments. This silicon photonics-based solution, together with Source Photonics’ in-house EML-based 800G transceiver modules, provides customers with access to two separate 800G designs and manufacturing lines within one company, offering increased supply chain security and higher volume capacity.
Article of the Week
What Is Agricultural Robotics and How Does It Impact the Future?
The term “agricultural robotics” describes the use of automation and robots in various areas of agriculture and livestock farming. These technologies are revolutionizing the agricultural sector by providing creative answers to problems such as labor shortages, increasing productivity, and minimizing environmental impact.