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…
Rock West Composites’ Components Are on Intuitive Machines’ IM-1 Mission to the Moon
Rock West Composites provided hardware to Intuitive Machines for incorporation into its recently launched Nova-C lunar lander, Odysseus. Intuitive Machines’ IM-1 Mission is sending its lander to the Moon as part of NASA’s Commercial Lunar Payload Services initiative and Artemis campaign.
In Agritech news this week…
Indigo Ag, the innovative leader and trusted partner in sustainable agriculture, announced a major expansion of its regional partnership in Türkiye with Galeri Ziraat, one of the country’s leading distributors of crop input products and dedicated to working with growers to improve the efficiency of sustainability in agriculture. The agreement coincides with a significant expansion into new European markets this season.
In Automotive news this week…
AutoLeap Earns Spot on G2’s 2024 Best Software Awards for Fastest Growing Products
AutoLeap, a cloud-based auto repair shop management software, announced that it has been named to G2’s 2024 Best Software Awards, placing #59 on the Fastest Growing Products list. As the world’s largest and most trusted software marketplace, G2 is visited by 90 million software buyers each year. Its annual Best Software Awards rank the world’s best software companies and products based on authentic, timely reviews from real users.
In BFSI news this week…
CrossFi, a next-generation digital ecosystem of cutting-edge payment solutions bridging the worlds of banking and blockchain, launches its EVM testnet in collaboration with CoinList. The testnet, scheduled to run for three months with $8.4M in MPX allocated for rewards across validators, developers and users, marks a significant milestone in CrossFi’s path to mainnet and in realizing its mission to modernize the concepts of traditional finance through decentralized solutions.
In Chemicals this week…
QatarEnergy, CPChem celebrate construction start for Ras Laffan Petrochemicals Project
QatarEnergy and Chevron Phillips Chemical celebrated the commencement of construction of a $6 billion integrated polymers complex in Ras Laffan Industrial City, Qatar. During the groundbreaking event, His Highness the Amir of the State of Qatar Sheikh Tamim bin Hamad Al Thani laid a ceremonial foundation stone. Executives from QatarEnergy, CPChem and its owner companies, Chevron U.S.A. Inc. and Phillips 66 Company, attended the ceremony.
In Defence Technology news this week…
General Dynamics European Land Systems Steyr (GDELS) announced that it has been awarded a contract to deliver an additional 225 PANDUR 6×6 EVO wheeled armored vehicles to the Austrian Armed Forces. The contract has an initial value of 1.2 billion euros (U.S. $1.3 billion). GDELS already has 100 PANDUR EVO vehicles under contract, with the third batch currently in production and delivery. In addition to the delivery of state-of-the-art personnel carriers and flexible conversion kits for medical, and command & control missions, the order includes eight new vehicle variants.
In Energy, Power and Sustainability news this week…
Itron Launches Cloud Computing Platform, Taking Utilities to Next Level of Meter Data Management
Itron, Inc., which is innovating new ways for utilities and cities to manage energy and water, debuted Itron Enterprise Edition (IEE) Cloud, an enterprise-grade, cloud-exclusive, Meter Data Management (MDM) platform developed to meet the dynamic needs of today’s utilities on their journey toward digitalization. IEE Cloud, which is available on Microsoft Azure and other cloud platforms, not only lowers total cost of ownership, it also eases the utility’s IT burden and provides enhanced visibility into operations.
In Food & Beverage this week…
Ever.Ag, a pioneer in software solutions for the food supply chain, proudly announces the strategic acquisition of Integrated Control & Information Systems and their Plant Energy product suite, a Dublin-based innovator renowned for its advanced energy management and sustainability solutions in the dairy and distilling industries. This acquisition underscores Ever.Ag’s commitment to enhancing our comprehensive services across the global food supply chain, particularly emphasizing ESG objectives.
In Healthcare this week…
Aya Healthcare Receives Best of Client Satisfaction Award from ClearlyRated
Aya Healthcare, the largest healthcare talent software and staffing company in the United States, won the Best of Staffing Client Award by ClearlyRated for providing superior service to healthcare systems and hospitals across the nation. This is the third year in a row Aya has earned this honor, receiving stellar reviews in categories such as easy-to-use technology, robust software features, quality of clinicians provided to the facility, overall fulfillment process and effective and efficient communication.
In Information Technology this week…
RingCentral Appoints Prat Bhatt to Board of Directors
RingCentral, Inc., a leading provider of AI-driven cloud business communications, contact center, video and hybrid event solutions, announced that Prat Bhatt has been appointed to the Company’s Board of Directors, effective March 1, 2024. Bhatt has been named a member of the Board’s audit committee. Bhatt is an accomplished technology industry veteran and financial expert, having previously served as Chief Accounting Officer of Cisco Systems.
In Internet Of Things this week…
Lantronix Announces Percepxion™, Its New Cloud Software Platform for IoT Devices
Lantronix Inc., a global provider of compute and connectivity IoT solutions, announced Percepxion, its new Cloud IoT Edge Solutions platform. Percepxion is pre-configured into Lantronix’s award-winning IoT gateways, routers, trackers and switches to provide secure, comprehensive device lifecycle management. The Percepxion platform efficiently scales edge deployments from regional to global and is managed through an intuitive single pane of glass.
In Logistics and Supply Chain this week…
One Network Enterprises, the leading global provider of intelligent control towers and the Digital Supply Chain Network, is pleased to announce that Bayer Crop Sciences, a division of Bayer Corporation, has selected ONE to provide their Supply Chain Control Tower. Bayer will join the Digital Supply Chain Network™ to take advantage of a large and growing ecosystem, bringing efficiency, reliability, agility, and predictability to their global supply chain operations.
In Materials this week…
Havis Revolutionizes Warehouse Efficiency With Rugged Mobility Solutions at MODEX 2024
Havis, Inc., a leading provider of rugged docking and mounting for warehouse applications is proud to announce its participation at MODEX 2024, the premier international material handling, logistics and supply chain show and conference. MODEX 2024 is set to take place from March 11-14, 2024, at the Georgia World Congress Center in Atlanta, Georgia. As the pace of manufacturing and supply chain operations accelerates, MODEX 2024 aims to bring together the entire industry to explore end-to-end solutions for agile, efficient, and transparent supply chains.
In Medical Devices this week…
Hyperfine, Inc., the groundbreaking health technology company that has redefined brain imaging with the world’s first FDA-cleared portable magnetic resonance (MR) brain imaging system–the Swoop system, and Athletic Heart Cardiac and Metabolic Testing, LLC (Athletic Heart), a mobile medical diagnostic company providing streamlined, comprehensive testing for collegiate, professional, and former professional athletes, announced a collaboration to bring portable brain imaging screenings to current and retired professional athletes, starting with retired professional basketball players.
In MarTech this week…
TTEC Announces New Chief Financial Officer, Kenny Wagers
TTEC Holdings, Inc., a leading global CX technology and services innovator for AI-enabled CX with solutions from TTEC Engage and TTEC Digital, announced Kenneth “Kenny” R. Wagers III has been named TTEC’s Chief Financial Officer, effective March 1, 2024. Wagers joins TTEC with a strong background in finance, operations, and supply chain management across large-scale multinational organizations spanning three decades. Prior to joining the company, he held senior executive level finance and operations positions at several Fortune 500 companies including UPS, XPO Logistics, and Amazon.
In Retail this week…
Walmart and VIZIO announced they have entered into an agreement for Walmart to acquire VIZIO for $11.50 per share in cash, equating to a fully diluted equity value of approximately $2.3 billion. The acquisition of VIZIO and its SmartCast Operating System (OS) would enable Walmart to connect with and serve its customers in new ways including innovative television and in-home entertainment and media experiences. It would also create new opportunities to help advertisers connect with customers, empowering brands with differentiated and compelling opportunities to engage at scale and to realize greater impact from their advertising spend with Walmart.
In Semiconductor & Electronics this week…
In response to growing demand, engineering group SEGULA Technologies is strengthening its presence in the United States, where it has doubled its business volume in just one year. With the creation of a division dedicated to the design and commissioning of automated and robotized production lines, the Group is committed to supporting manufacturers in their quest for state-of-the-art production infrastructures.
In Smart Lighting this week…
Lumitex Debuts Groundbreaking Medical Device Light Experience at MD&M West 2024
Lumitex, a global leader in innovative lighting solutions for the healthcare industry, recently exhibited at the MD&M West conference in Anaheim, Calif. held February 6-8, 2024. Lumitex utilized an interactive booth experience to showcase the latest medical lighting solutions and real-world applications that are impacting treatment outcomes today. The booth attracted a staggering attendance, with many visitors eager to experience the light room.
Article of the Week
What is Product Information Management Software and Why is it Important?
Product information is crucial for e-commerce and digital customer experiences, including descriptions, tech specs, videos, and 360º photography. It needs to be stored and managed in a central source for easy accessibility. Product information management (PIM) is a major challenge for online retailers, with the market projected to grow to $16 billion by 2025. Let’s learn everything about product information management software and why it is important.