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 Inks Dedicated Launch Deal with Japanese Earth Imaging Company iQPS
Rocket Lab USA, Inc., a global leader in launch services and space systems, announced it has signed a deal to launch an Earth observation satellite on Electron for the Institute for Q-shu Pioneers of Space, Inc. (iQPS), a Japan-based Earth imaging company. iQPS was originally manifested on another launch vehicle, but iQPS has now selected Rocket Lab to launch QPS-SAR-5 on a dedicated Electron mission to expedite the deployment.
In Agritech news this week…
Sound Agriculture Releases Software Package to Democratize Epigenetic Data in Plant Breeding
A team of researchers at Sound Agriculture has released a new software package, called sounDMR, designed to reveal epigenetic variation in plant populations. The findings, published in Scientific Reports, showcase the potential of sounDMR to enable high-resolution epigenetic profiling of plants without the need for expensive equipment or complex library preparations, fostering new opportunities in plant breeding.
In Automotive news this week…
Boyd is introducing innovative liquid cooling technology designed for electric vehicle (EV) fast charge stations. Boyd engineers, in partnership with E-valucon, designed a liquid-to-air cooling system for DC Fast Charging (DCFC) cables and connectors that accelerate safe and sustainable charging.
Nitrogen AI Marketing Content Tool Sees Immediate Adoption by Wealth Management Firms
In Biotechnology news this week…
Element Biosciences, Inc., developer of the Element AVITI System, an innovative DNA sequencing platform that is disrupting the genomics industry, unveiled five new products to better serve customers’ low to medium-throughput needs and expand the functionality and versatility of its benchtop sequencer.
In Chemicalsnews this week…
Univar Solutions Inc., a leading global provider of solutions for specialty chemical and ingredient users, and Climax Molybdenum Company, the world’s largest producer of molybdenum and molybdenum-based chemicals, announced a geographic expansion of the companies’ existing partnership for molybdenum products, including Molysulfide® used in greases and coatings applications.
In Defence Technology news this week…
Leidos selected by U.S. Navy to operate and sustain medium unmanned vessels
Leidos, a FORTUNE® 500 science and technology leader, was recently awarded a new task order by Naval Sea Systems Command to manage, operate and maintain the U.S. Navy’s Overlord and medium unmanned surface vessels (USVs). The single-award task order has a one-year base period of performance and two one-year options. The task order has a maximum value of approximately $95 million if all options are exercised.
In Energy, Power and Sustainability news this week…
Canadian Solar Inc. announced that e-STORAGE, which is part of its majority-owned subsidiary CSI Solar Co., Ltd., will deliver 1,200 MWh (1,519 MWh DC nominal) of energy storage solutions to Recurrent Energy’s Papago Storage project in Arizona. Recurrent Energy, a wholly-owned subsidiary of Canadian Solar, is expected to begin construction on Papago Storage in the third quarter of 2024.
In Food & Beverage news this week…
Odyssey Mushroom Elixir is expanding its functional mushroom beverages into 732 7-Eleven stores across Florida and all 109 Wegmans Food Markets across the East Coast. From New York to the southern reaches of Florida, Odyssey Mushroom Elixir’s sparkling ready-to-drink beverages are set to grace the shelves of these prominent convenience and grocery chains. The brand’s entry into Wegmans and 7-Eleven aligns with the brand’s overarching goal of catering to evolving consumer preferences across various domains, including the thriving convenience store sector.
In Healthcare this week…
Honeywell and global contract development and manufacturing organization (CDMO) Recipharm have announced a commercial partnership that will speed the development of pressurized metered dose inhalers (pMDIs) that use Honeywell’s near-zero global warming potential (GWP) propellant.
In Information Technology this week…
Synadia Announces Availability of Hardened NATS.io Image for the DoD Community
Synadia, the company behind NATS.io, has officially become stewards of the Platform One Iron Bank NATS container image and is committed to its on-going management and support. The DoD is rapidly transitioning to a “Data-Centric” organization, treating data as a strategic asset for global multi-domain operations. Increasingly, this means providing secure access to data in multi-cloud, data center, and edge (e.g. satellites, sensors, ships, vehicles, warfighter backpacks, & other mobile endpoints) environments. In support of this mission, Synadia employs cleared resources at TS-SCI level and has also made available a version of the software with a FIPS 140-2 compliant cryptographic module.
In Internet Of Things (IOT) this week…
Pivotal Commware Raises $102 million Series D Round to Accelerate mmWave Wireless FWA Rollout
Pivotal Commware, global leader in 5G mmWave infrastructure products, announces the closing of a $102 million Series D round led by Gates Frontier and Tracker Capital. Joining them as co-leads in the round are funds managed by affiliates of Fortress Investment Group, LLC, and Blue Investment Group. Among Pivotal’s existing investors, Verizon Ventures, Devonshire Investors, Thermo Companies, DIG Investment XV AB and Lux Capital also participated.
In Logistics and Supply Chain this week…
Kodiak Robotics and Pilot Company Open Inaugural Truckport for Autonomous Trucks
Kodiak Robotics, Inc., a leading self-driving trucking company, and Pilot Company, the largest operator of travel centers in North America, announced the opening of their inaugural truckport. The facility, located at the Pilot travel center in Villa Rica, Georgia, will be used by Kodiak to launch and land autonomous trucks and will serve as a convenient hub for drivers to pick up and drop off first- and last-mile deliveries. The Villa Rica truckport will support Kodiak’s 18,000-mile-long autonomous deployment network, the industry’s largest and most robust set of mapped routes for self-driving trucks.
In Materials this week…
Panasonic, a leader in cordless assembly technology, has released its innovative new transducerized mechanical pulse tool—the first of its kind to offer high torque and advanced technology to maintain accuracy and consistency.
In Retail this week…
Fetch Announces Former Uber Executive as New Chief Financial Officer
Fetch, America’s No. 1 rewards app and leading consumer-engagement platform, announced the further expansion of its executive team with Gideon Oppenheimer joining as Chief Financial Officer. A tech-industry veteran, in his new role Oppenheimer will focus on financial discipline and maximizing profitability as Fetch continues to scale revenue and expand brand partnerships.
In Semiconductor & Electronics this week…
Marvell Introduces Industry’s First 5nm Multi-Gigabit PHY Platform
Marvell Technology, Inc., a leader in data infrastructure semiconductor solutions, introduced its technology platform for 5nm multi-gigabit copper Ethernet PHYs to enable enterprise network equipment manufacturers and others to meet the exacting energy efficiency and performance targets of next generation multi-gigabit network technologies such as Wi-Fi 7.
In Smart Lighting this week…
SHARP/NEC Launches new PA Series Installation Projectors
Sharp NEC Display Solutions of America (SNDSA), a global leader in the projector and display markets and Sharp Imaging and Information Company of America (SIICA) have launched two new PA Series Installation Projectors. The new PA1505UL and PA1705UL installation projectors (15,000/17,000 lumens respectively) using LCD imaging technology are specially designed to meet the needs of higher education classrooms, corporate conference rooms, museums and houses of worship, delivering the quality, color, and brightness of a large format display in a projector.
Article of the Week
IoT Devices in Healthcare: Boon or Bane for Modern Medical Practices?
There are many technologies out there that are causing a stir in the healthcare sector. In the same way that we have technology like augmented reality, machine learning, and artificial intelligence. As a result, you may find their applications in all fields and industries, even though some of them might just be ballyhoo.