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 Automotive news this week…
BorgWarner Supplies Polestar BEV SUVs with Electric Torque Vectoring and Disconnect Systems
BorgWarner is first-to-market with its electric Torque Vectoring and Disconnect (eTVD) system for battery electric vehicles (BEVs) with launches for Polestar and an additional major European OEM. The eTVD is part of BorgWarner’s electric torque management system (eTMS) solutions portfolio, which is designed to intelligently control wheel torque to increase stability, provide superior dynamic performance, and improve traction during launch and acceleration.
In BFSI news this week…
Sandbox Banking chosen to be API Management and Integration Platform as a Service (iPaaS) provider for new COCC ConnectSuite platform
Sandbox Banking, a trailblazing integration platform provider for the banking industry, has been chosen by COCC to power its new ConnectSuite APIs. ConnectSuite fuels technology adoption and innovation by providing COCC and its customers the ability to quickly and securely provision access to APIs wrapping COCC systems. The product will initially supply access to the COCC Insight core, but future coverage of additional COCC software is anticipated.
In Biotech this week…
VantAI Collaborates With Google Cloud to Harness NVIDIA GPUs for Building Protein Interaction Foundation Models
VantAI, a pioneer in generative AI-enabled drug discovery, is working with Google Cloud to power large scale distributed training and further improve internal operations. This collaboration is set to provide VantAI with NVIDIA H100 GPUs, a move that VantAI believes will help accelerate the training of geometric foundation models for making protein-protein interactions programmable.
In Defence Technology news this week…
Skylark Labs Selected for SBIR Phase 2 to Enhance U.S. Air Force’s cUAS Capabilities
Skylark Labs, a pioneering provider of cutting-edge safety and security solutions, leveraging proprietary self-evolving AI technology, is proud to announce its selection for SBIR Phase 2. This recognition allows Skylark Labs to bolster the U.S. Air Force’s UAS detection and tracking capabilities through its ARIES program: the Aerial Reconnaissance & Elimination System.
In Energy, Power and Sustainability news this week…
Michael Everett Joins Zeta Energy as Chief Operating Officer
Zeta Energy, a Houston-based company that has developed a world-leading lithium-sulfur battery, announced that Michael Everett will join Zeta as Chief Operating Officer. Mr. Everett has extensive experience in the development and scaling of energy storage device products and manufacturing operations. More than 20 years ago, Mr. Everett found his way into the energy storage world by joining Maxwell Technologies, and over a 13-year period he served in a variety of executive leadership roles, leading up to his final role there as Chief Technical Officer.
In Food & Beverage this week…
Invafresh Strengthens Capabilities of its AI-Enhanced Fresh Retail Platform Solution
Invafresh, the industry leading fresh grocery platform, announced the addition of new capabilities to the Recipe Manager product in its AI-enhanced Fresh Retail Platform. These features will help grocery retailers to improve traceability of ingredients and products throughout the entire supply chain, implement robust quality control measures and develop nutrition ingredient food labels that are compliant with industry regulations.
In Healthcare this week…
Datavant Set to Revolutionize Health Data Technology with New Chief Executive Officer, Kyle Armbrester
Datavant, the leading provider of data technology for healthcare, announced the appointment of Kyle Armbrester as Chief Executive Officer. Armbrester joins Datavant from CVS Health, where he was the CEO of Signify Health, a leading provider of value-based care services for health plans and providers. Before Signify Health, Kyle was the Chief Product Officer at Athenahealth, a nationwide cloud-based medical record and revenue cycle management company.
In Information Technology this week…
Lucid Software Announces Whiteboard Integrations with Google Meet Touchscreen Devices
Lucid Software, the leader in visual collaboration software, announced its latest whiteboard integration with Google Meet touchscreen devices. With this integration, users can launch Lucidspark directly from Google Meet Series One Board 65 and Desk 27 by Avocor, fostering strong hybrid collaboration experiences for teams worldwide. Users will be able to start and join a Google Meet call from Board 65 and Desk 27 or start a standalone whiteboard session outside of a Meet call.
In Logistics and Supply Chain this week…
Marsh McLennan launches AI-powered solution to transform supply chain risk management
Marsh McLennan, the world’s leading professional services firm in the areas of risk, strategy, and people, announced the launch of Sentrisk, a cutting-edge AI-powered platform with integrated advisory services that will redesign the way businesses manage global supply chain risk.
In Internet Of Things (IOT) this week…
BAE Systems selected to build atmospheric composition instrument for NOAA’s GeoXO constellation
BAE Systems was selected by NASA to develop the Atmospheric Composition instrument (ACX) that will fly on the National Oceanic and Atmospheric Administration’s (NOAA) Geostationary Extended Observations (GeoXO) satellite constellation.
In Retail this week…
Quad launches In-Store Connect, teams up with The Save Mart Companies on initial roll-out
Quad/Graphics, Inc. announced a new partnership with The Save Mart Companies, the largest private regional grocer on the West Coast, to launch its in-store retail media network. In-Store Connect by Quad positions digital screens and kiosks throughout the store, giving retailers and consumer packaged goods companies more impactful opportunities to deliver relevant promotions, share key product information and connect adjacent product options to shoppers, thus enhancing the overall shopping experience.
In Semiconductor & Electronics this week…
EFC Joins the Semiconductor Climate Consortium (SCC) to Advance Sustainability in Semiconductor Manufacturing
EFC Gases & Advanced Materials, a leader in the development and supply of electronic and specialty gases and chemical precursors, is proud to announce its membership in the Semiconductor Climate Consortium (SCC), managed by SEMI®. This partnership underscores EFC’s commitment to environmental sustainability and its dedication to reducing the ecological impact of semiconductor manufacturing.
Article of the Week
IoT in Manufacturing: Trends, Technologies, and Benefits
The manufacturing industry faces persistent demands to enhance efficiency and productivity while simultaneously cutting costs. In response to these challenges, the Internet of Things (IoT) has emerged as a promising solution. By connecting physical objects equipped with sensors to collect and exchange data, the integration of IoT in manufacturing enables manufacturers to optimize production processes and minimize downtime.