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…
Redwire Awarded DARPA Prime Contract for SabreSat Spacecraft Very Low-Earth Orbit Demonstration
Redwire Corporation, a leader in space infrastructure for the next generation space economy, announced that it has been awarded a contract from the Defense Advanced Research Projects Agency (DARPA) to be the prime mission integrator for the development of a revolutionary air-breathing satellite that will demonstrate the use of novel electric propulsion systems in very low-Earth orbit (VLEO) using Redwire’s SabreSat VLEO platform.
In Automotive news this week…
Divergent Announces Partnership with Bugatti for Design and Manufacturing of Tourbillon Structures
Divergent Technologies, Inc. announced a foundational partnership with Bugatti Automobiles S.A.S through which Divergent will utilize the Divergent Adaptive Production System (DAPS™) to design, engineer, additively manufacture, and assemble chassis and suspension components for Bugatti’s upcoming hypercar, the Tourbillon.
In Agritech news this week…
Ever.Ag Unveils Ever.Ag Data Labs: A New Era of AI-Based Data Science in Agriculture, Food, and Beverage Production
Ever.Ag, a leader in agricultural and food technology solutions, is excited to announce the complete integration of Austin Data Labs into its operations, rebranding this division as Ever.Ag Data Labs. This strategic move marks a significant enhancement in Ever.Ag’s capabilities, incorporating advanced AI, data science, and predictive forecasting into its suite of products. Ever.Ag Data Labs will also function as a dynamic R&D engine and innovation hub, spearheading future technological advancements in agriculture and food and beverage production.
In BFSI news this week…
GrayMatter Raises $45M Series B to Accelerate its Unique AI-Powered Robotics Solutions for Manufacturing’s Hardest Problems and Unique Challenges
GrayMatter Robotics, an AI-powered robotics leader empowering humans with intelligent automation, announced $45 million in Series B funding. Wellington Management led the round, which also included NGP Capital, Euclidean Capital, Advance Venture Partners, SQN Venture Partners, and other existing investors 3M Ventures, B Capital, Bow Capital, Calibrate Ventures, OCA Ventures, and Swift Ventures.
In Biotech this week…
Abzena and Argonaut Partner to Offer Accelerated End-to-End Drug Development Support for Biopharmaceutical Companies
Abzena, the leading end-to-end integrated contract and development manufacturing organization for complex biologics and bioconjugates, and Argonaut Manufacturing Services, Inc., a cGMP CDMO serving the biopharmaceutical and diagnostics industries, announced a strategic partnership to provide a fully integrated drug substance and drug product manufacturing solution for biopharmaceutical organizations.
In Chemicals this week…
Actylis Announces Appointment of Scott Thomson as Chief Executive Officer
Actylis, a leading global manufacturer and sourcing expert of critical materials and performance ingredients for the life sciences and specialty chemicals markets, announced the appointment of Scott Thomson as Chief Executive Officer. Scott has a three-decade track record in the pharmaceutical and chemical industries, most recently as CEO of SPI Pharma, a leading global provider of pharmaceutical ingredients, systems and services, where he helped lead the sustainable improvement of its strategic development and execution.
In Defence Technology news this week…
Exostar Appoints Derrick Reig Chief Revenue Officer
Exostar, a leader in trusted, secure business collaboration solutions for highly regulated industries including aerospace and defense, life sciences, and healthcare, announced Derrick Reig has joined the company as Chief Revenue Officer. He will oversee all aspects of the customer journey – from awareness and acquisition to fulfillment and retention – implementing go-to-market and revenue generation strategies that create and optimize value for the Exostar community.
In Energy, Power and Sustainability news this week…
Marsh McLennan’s Oliver Wyman to Acquire Veritas Total Solutions
Oliver Wyman, a global leader in management consulting and a business of Marsh McLennan, announced that it has entered into an agreement to acquire Veritas Total Solutions, a commodity trading advisory firm with deep technical expertise in risk, systems, analytics, and AI. The deal is slated to close in the third quarter of this year.
In Food & Beverage this week…
SoundHound AI Acquires Ordering Platform Allset to Fast-Track Its Vision of a Voice Commerce Ecosystem
SoundHound AI, Inc., a global leader in voice artificial intelligence, announced the acquisition of key assets from Allset, an online ordering platform that connects restaurants and local customers. As part of the acquisition, Allset’s team will be joining SoundHound, further strengthening the company’s capabilities and commitment to innovation.
In Healthcare this week…
Roche launches new highly-sensitive test to more easily diagnose patients who may have B-cell lymphoma
Roche announced the launch of the first clinically approved, highly-sensitive in-situ hybridisation (ISH) test, the VENTANA® Kappa and Lambda Dual ISH mRNA Probe Cocktail assay, in countries accepting the CE Mark. The test is designed to help pathologists differentiate a B-cell malignancy from a normal, reactive response to an infection.
In Information Technology this week…
NinjaOne Introduces Mobile Device Management to Streamline IT, Simplify Security, and Boost Productivity
NinjaOne®, a leading IT platform for endpoint management, security, and visibility, announced that it has expanded its platform with mobile device management (MDM). The new solution increases employee productivity and reduces complexity, risk, and costs for IT teams by managing Android and Apple mobile devices and endpoints within a single, intuitive console. With the introduction of MDM, NinjaOne now has endpoint and device coverage beyond unified endpoint management.
In Logistics and Supply Chain this week…
NetLogistik Introduces Transportation Efficiency and Productivity (TEP) and Warehouse Efficiency and Productivity (WEP)
NetLogistik, a leading provider of transformative services for supply chain digitalization, introduces new functionality as part of its Supplynet Suite®, NetLogistik’s microservices and digital supply chain solutions platform. Transportation Efficiency and Productivity (TEP) seamlessly syncs the entire transportation management process, from planning and tracking to freight settlement. Warehouse Efficiency and Productivity (WEP) optimizes, automates, measures, and controls warehouse and distribution center operations.
In Internet Of Things (IOT) this week…
Actelis Partners with Carahsoft, a Major US-based IT Software and Services Company, to Expand Access for Its Cyber-Secure, Immediate Deployment IoT Connectivity to US Government Agencies
Actelis Networks, Inc., a market leader in cyber-hardened, rapid deployment networking solutions for IoT applications, announced a partnership with Carahsoft Technology Corp., The Trusted Government IT Solutions Provider®. Under the agreement, Carahsoft will serve as Actelis’ Public Sector distributor, making Actelis’ hybrid-fiber connectivity solutions available to Federal, State and Local agencies, and Educational organizations in the U.S. and Canada through Carahsoft’s reseller partners and NASA Solutions for Enterprise-Wide Procurement (SEWP) V and OMNIA Partners contracts.
In Medical device this week…
OMNIVISION Announces Smallest Camera Module for 3D Intraoral Dental Scanners
OMNIVISION, a leading global developer of semiconductor solutions, including advanced digital imaging, analog, and touch & display technology, announced the new OCH2B30 camera module for three-dimensional (3D) intraoral dental scanners. The OCH2B30 features a compact CameraCubeChip® package in an ultra-small form factor (2.6 mm x 2.6 mm) with exceedingly high image quality and MIPI interface for cameras in benchtop, standalone and portable intraoral scanners.
In Smart Lighting this week…
ConTech Lighting Introduces SpecFlex System for Indoor and Outdoor Accent Lighting
ConTech Lighting, a Leviton company, announced its new SpecFlex Architectural Strip Lighting Family, designed to meet the vast array of virtually any indoor and outdoor application. The SpecFlex Family expands on ConTech’s architectural strip lighting portfolio by adding 14 new series, including seven indoor (IP20) options and seven outdoor (IP67) options with outputs up to 910 lumens per foot, efficacy of 130 lumens per watt, 95+ CRI and two step binning.
In Retail this week…
Target to Roll Out Transformative GenAI Technology to its Store Team Members Chainwide
Target Corporation announced plans to roll out a new generative artificial intelligence (GenAI) tool to team members at all of its nearly 2,000 stores by August, becoming the first major retailer to share that it is bringing this technology to its store team members across the U.S. The tool, called Store Companion, is a GenAI-powered chatbot designed by Target that can answer on-the-job process questions, coach new team members, support store operations management and more.
In Semiconductor & Electronics this week…
onsemi Selects the Czech Republic to Establish End-to-End Silicon Carbide Production for Advanced Power Semiconductors
Electrification, renewables and artificial intelligence are global megatrends converging and driving unprecedented demands for advanced power semiconductors capable of optimizing energy conversion and management. In a strategic move toward addressing these demands, onsemi announced plans to establish a state-of-the-art, vertically integrated silicon carbide (SiC) manufacturing facility in the Czech Republic.
Article of the Week
What Is Kiosk Advertising and What are its Benefits?
Kiosk advertising might sound like some alien terminology. But it really is not. How often do you see an advertisement board, say when you’re on a highway or just around the corner? Many times, right?
These are kiosks. It can be in the form of a touchscreen, interactive, or standalone device that informs customers about a product or service. The technique of using these gadgets to promote a business or a product is known as kiosk marketing.