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…
Rocket Lab Unveils Spacecraft Bus Lineup
Rocket Lab USA, Inc, a leading launch and space systems company, introduced its family of spacecraft buses, consolidating the custom designs Rocket Lab has developed for multiple customers and missions. The family of spacecraft is the result of more than four years of development into Rocket Lab’s space systems capabilities.
In Agritech news this week…
Kraton Launches Innovative Sylvasolv™ Biobased Oils Product Line
Kraton Corporation, a leading global sustainable producer of specialty polymers and high-value biobased products derived from pine wood pulping co-products, announces the launch of SYLVASOLV, a new line of biobased hydrocarbon oils designed to deliver superior performance and environmental advantages across many industries, including agrochemicals, adhesives, and lubricants.
In Automotive news this week…
Cadence Design Systems, Inc., expanded its Tensilica IP portfolio to address the increasing computational requirements associated with automotive sensor fusion applications. The new high-performance Cadence Tensilica Vision 331 DSP and Vision 341 DSP combine vision, radar, lidar and AI processing in a single DSP for multi-modal, sensor-based system designs, delivering the best energy efficiency in the smallest area. When paired with the new Cadence Tensilica Vision 4DR Accelerator optimized for 4D imaging radar applications, customers can achieve even greater radar performance and higher energy efficiency.
In BFSI news this week…
Ruder Finn Acquires UAE-Founded Agency, Atteline, Expanding its Middle East and Global Footprint
Leading global communications agency, Ruder Finn, announced the acquisition of Atteline, a UAE-founded agency headquartered in Dubai, which will be Ruder Finn’s new hub in the Middle East. This acquisition builds on the momentum of Ruder Finn expanding its global strategic footprint with investments in healthcare, enterprise technology, rf TechLab, reputation management, crisis communications, social and digital in the last year.
In Defence Technology news this week…
BAE Systems selected to develop ground system prototype for U.S. Space Force missile warning system
BAE Systems has been selected by the Space Systems Command (SSC) Space Enterprise Consortium (SpEC) to provide a prototype ground system for the U.S. Space Force’s SSC Future Operationally Resilient Ground Evolution Command and Control (FORGE C2) project.
In Energy, Power and Sustainability news this week…
Clean Energy Turns DFW Area into a Renewable Natural Gas Hub
Clean Energy Fuels Corp., announced the opening of two new fueling stations that offer heavy-duty truck and other fleet vehicles renewable natural gas (RNG), one of the only fuels that receives a carbon-negative rating. A station in North Fort Worth, near Alliance and DFW airports, and another in South Dallas close to I-45, I-35 and I-20, are strategically located near dozens of distribution centers and allow trucks to take advantage of a fuel that provides similar convenience as diesel, yet is rated as one of the cleanest in the world.
In Food & Beverage this week…
Takeoff Technologies Announces Strategic Appointment of Heather Carroll as Chief Revenue Officer
Takeoff Technologies, a leading innovator in the eGrocery micro fulfillment space, is thrilled to announce the strategic hiring of Heather Carroll as the new Chief Revenue Officer. With a rich background in AI, robotics, and supply chain solutions, Carroll is set to spearhead the company’s commercial strategy, focusing on sales, marketing, customer success, and revenue operations.
In Healthcare this week…
Mainstay Medical Announces $125 Million Equity Financing Transaction
Mainstay Medical Holdings plc, announced an equity financing in which it will receive gross proceeds of US$125 million. Mainstay intends to use these funds to support continued commercial growth of ReActiv8 Restorative Neurostimulation in the United States, Europe and Australia, additional post-market clinical studies and research, and general operations.
In Information Technology this week…
Keysight Enables Open RAN Massive MIMO Innovation
Keysight Technologies, Inc., is enabling Intel to develop and validate massive multiple-input, multiple-output (mMIMO) beamforming designs for use in Open Radio Access Networks with Open RAN Studio, accelerating the adoption of Open RAN architectures by mobile network operators.
In Internet Of Things this week…
Marvell Collaborates with Industry Leaders to Deliver NTT DOCOMO OREX RAN Solutions
Marvell Technology, Inc., a leader in data infrastructure semiconductor solutions, announced it has collaborated with leading companies to develop Open RAN solutions for use in NTT DOCOMO’s OREX RAN infrastructure. Together, Marvell, Dell Technologies, Fujitsu and Wind River have combined critical silicon, system and software expertise to create Open RAN offerings that are commercially available to NTT DOCOMO and other carriers.
In Logistics and Supply Chain this week…
Qualtia Alimentos Advances Supply Chain with RELEX
Qualtia Alimentos, a Mexican food producer and subsidiary of Xignux, has chosen RELEX Solutions, provider of unified supply chain and retail planning solutions, for demand forecasting, replenishment, and production scheduling services. Qualtia Alimentos will implement RELEX across their 69 North American distribution centers, to enhance the company’s supply chain from manufacturing to planning.
In Materials this week…
Niron Magnetics, the company pioneering the world’s first high-performance, rare earth-free permanent magnets, announced it has received $25 million in new strategic funding. This round was led by Samsung Ventures, which has the investment mandate to closely track the strategic priorities of leading consumer electronics manufacturer Samsung and encompasses investments in consumer electronics, semiconductors, telecommunications, and more.
In Medical Devices this week…
Virtual Incision Corporation announced the U.S. Food and Drug Administration (FDA) has granted marketing authorization of the MIRA™ Surgical System (MIRA), the world’s first miniaturized robotic-assisted surgery (miniRAS) device, for use in adults undergoing colectomy procedures.
In Retail this week…
iQor to Host Webinar on Optimizing Retail CX Year-Round
iQor, an award-winning managed services provider of customer engagement and technology-enabled business process outsourcing (BPO) solutions, will present proven strategies for optimizing retail customer experience (CX) throughout the year in an upcoming webinar in cooperation with RetailCustomerExperience.com. The free virtual event will take place Thursday, March 7, 2024, from 2-3 p.m. EST and will be available on-demand at RetailCustomerExperience.com after the event.
In Semiconductor & Electronics this week…
Lattice Semiconductor, the low power programmable leader, announced its latest updates of the Lattice ORAN solution stack, enabling integrated 5G small cells with low power and flexible bridging capabilities. With the new updates, Lattice introduced a new 5G datapath reference design for outdoor integrated radio applications to help customers advance their next gen wireless infrastructure for smart factories, smart cities, smart cars, and more.
In Smart Lighting this week…
Sense, the leader in real-time home energy intelligence, is continuing to expand their leadership team ahead of what is expected to be record growth of Sense app users in 2024. The newest additions solidify Sense’s commitment to reduce carbon emissions by transforming the relationship between people, homes and the grid.
Article of the Week
6 Best Digital Banking Trends You Should Know in 2024
Long gone are the times when people used to wait in queues in banks, be it to withdraw cash or deposit it. Digital banking has transformed the way we interact with banks. Since the onset of the pandemic, individuals across various age groups have increasingly embraced digital-only banks and have come to value the convenience of digital banking services. Consequently, it comes as no surprise that online financial services are experiencing continuous growth and enhancement.