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…
NASA Selects Ball Aerospace for ECCCO Mission Concept Study
Ball Aerospace was selected to conduct a Phase A study for NASA’s proposed Extreme ultraviolet Coronal Mass Ejection and Coronal Connectivity Observatory (ECCCO), a mission that would provide astronomers with a better understanding of the sun’s coronal structure and its relationship with solar wind and eruptive events.
In Automotive news this week…
TomTom joins forces with Microsoft to bring Generative AI into the vehicle
TomTom, the location technology specialist, announced that, together with Microsoft, it is bringing the benefits of generative artificial intelligence (AI) to the global automotive industry. Leveraging Microsoft’s advancements in AI, TomTom has developed a fully integrated, AI-powered conversational automotive assistant that enables more sophisticated voice interaction with infotainment, location search, and vehicle command systems.
In BFSI news this week…’
Lending-as-a-Service Provider Epic River Selects William Mills Agency for Public Relations
William Mills Agency, the nation’s largest independent public relations and marketing firm specializing in financial technology has been named the public relations agency of record for lending-as-a-service provider Epic River. Founded in 2005, Epic River delivers software and service solutions that streamline the lending process for banks and credit unions, small businesses, healthcare providers and patients.
In Biotechnology news this week…
Multiply Labs, a robotics company developing industry-leading automated manufacturing systems to produce individualized drugs, and Akron Bio, a leading supplier of critical materials and services for advanced therapies, announced a non-exclusive partnership focused on automating and standardizing the use of cytokines in cell therapy manufacturing.
In Defence Technology news this week…
BAE Systems has received a follow-on contract to continue supporting Air Traffic Control & Landing Systems Operations Onboard Navy Ship and Shore Based Sites (AOOSS). The five-year indefinite-delivery/indefinite-quantity contract, valued at $92 million, was awarded by the U.S. Navy Naval Air Warfare Center Aircraft Division.
In Energy, Power and Sustainability news this week…
Kraken acquires Sennen to improve renewable asset management capabilities
Kraken, the fastest growing software provider for the energy industry globally, announces the acquisition of Sennen, a provider of advanced software for the delivery and operation of large-scale renewable energy generation. Kraken Technologies is part of Octopus Energy Group. Its tech platform, Kraken, connects up all parts of the energy system, from customer billing to flexible management of renewable generation and energy devices. It is also revolutionizing service for other utilities such as water and broadband.
In Healthcare this week…
HealthTrust Performance Group, a leading performance improvement organization supporting providers across all healthcare settings, announced it has been named a Supply Chain Diversity Leader by Supplier.io, a market-leading SaaS provider of supplier diversity and ESG data and management solutions.
In Information Technology this week…
Westat Names Terry Moore Vice President of Innovation and Quality
In Internet Of Things (IOT) this week…
Elevat Inc is thrilled to announce a strategic technical partnership with Microsoft Corp. that will reshape the Internet of Things (IoT) landscape. Leveraging Elevat Machine Connect and Microsoft Azure Edge, this collaboration promises to accelerate digital transformation and empower businesses with unprecedented connectivity and insights.
In Logistics and Supply Chain this week…
E2open Parent Holdings, Inc., the connected supply chain SaaS platform with the largest multi-enterprise network, has been positioned as a Leader for the third consecutive time in the IDC MarketScape: Worldwide Multi-Enterprise Supply Chain Commerce Network 2023 Vendor Assessment. The evaluation differentiates e2open for its comprehensive network, accessible integration strategy, data-based architecture, and scalability.
In Retail this week…
o9 Solutions, a leading software platform provider for integrated planning and decision-making, announced that it has been named a Leader in the IDC MarketScape: Worldwide Retail Merchandise Operations Management Solutions 2023 Vendor Assessment (Doc #US49842123, December 2023).
In Semiconductor & Electronics this week…
Butterfly Network, Inc., a digital health company transforming care through the power of portable, semiconductor-based ultrasound technology and intuitive software, and Mendaera, a Silicon Valley-based company developing technology to help healthcare providers more easily and confidently perform procedures through the power of medical robotics, announced an agreement to commercialize a novel robotic system that is Powered by Butterfly’s Ultrasound-on-Chip™ technology.
In MEDICAL DEVICES this week…
AMETEK, Inc., announced that it has completed its acquisition of Paragon Medical, a leading provider of highly engineered medical components and instruments, from affiliates of American Securities LLC, in an all-cash transaction valued at approximately $1.9 billion.
Article of the Week
A Beginner’s Guide to Mastering Directed Energy Weapons
In the realm of military technology, the advent of directed energy weapons (DEWs) represents a significant leap forward. These cutting-edge weapons employ various forms of energy, such as lasers or microwaves, to engage and neutralize targets. While DEWs may seem like science fiction, they are rapidly becoming a reality, with potential implications for both offensive and defensive capabilities. In this blog post, we will delve into the world of directed energy weapons, exploring their types, applications, challenges, and the future they hold for modern warfare.