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…
RTX’s Collins Aerospace receives EASA approval for Pro Line Fusion® retrofits on Cessna aircraft
Cessna Citation CJ1+/2+ aircraft registered in Europe can now be upgraded with the advanced functionality of the Collins Aerospace Pro Line Fusion® integrated avionics system after receiving certification approval from the European Aviation Safety Agency (EASA). Collins Aerospace is an RTX business. Clearing this certification hurdle is a major step forward in providing European CJ customers with a solution that not only enhances their aircraft operations but can also extend the life and functionality of an aircraft.
In Automotive news this week…
Gorilla Technology and SINTRONES Partner to Develop In-Vehicle AI Computing Capabilities
The partnership will combine SINOTRONES’ innovative in-vehicle computing technologies with Gorilla’s comprehensive smart city management and intelligent video analytics platform to enhance solutions in autonomous driving and efficient fleet management. By leveraging 5G networks, the collaboration will enable Gorilla to focus on research and development of high-performance transportation systems that cater to evolving global smart city markets.
In BFSI news this week…
Fintech Expands B2B Payment Capabilities with the Asset Acquisition of Nexxus Group
Financial Information Technologies, LLC, a leading business solutions provider for the hospitality and retail industries, announced it has expanded its B2B payment capabilities through the asset acquisition of Nexxus Group, a payment solutions provider facilitating scan-based trading and consignment selling between convenience, grocery, and big-box retail stores and their vendor partners.
In Biotech this week…
10x Genomics Launches 5,000-Plex Gene Panel for Xenium
10x Genomics, Inc., a leader in single cell and spatial biology, announced the launch of its Xenium Prime 5K Pan-Tissue and Pathways panel. The new assay features an enhanced chemistry to increase plex by an order of magnitude while delivering excellent per-gene sensitivity, improved specificity and spatial fidelity, integrated multimodal cell segmentation, and industry-leading speed and throughput.
In Defence Technology news this week…
U.S. Navy Awards Leonardo DRS Radar Design Agent and Engineering Services for AN/SPQ-9B
Leonardo DRS, Inc. announced that it was awarded a contract from NAVSEA to provide AN/SPQ-9B radar design agent and engineering services. The contract includes options, if exercised, would bring the cumulative value to more than $26 million. Under the contract, DRS will provide system engineering, software development, hardware design, installation, safety, test, product updates, system upgrade and configuration management support.
In Energy, Power and Sustainability news this week…
Parsons’s Federal Way Link Extension (FWLE) Project Receives Envision Platinum Sustainability Award
Parsons Corporation announced that Sound Transit’s Federal Way Link Extension (FWLE) project has earned an Envision Platinum Award from the Institute for Sustainable Infrastructure (ISI). This award is the highest possible Envision award level for achievements related to sustainable transportation, mobility and access, stakeholder engagement, infrastructure integration, and multiple other areas of sustainability. FWLE is only the seventh transit project in the U.S. to earn Envision Platinum.
In Food & Beverage this week…
AgroAmerica Unveils PlanetA: A Step Forward in Sustainable Food Businesses
This year marks a significant milestone for AgroAmerica, a family-owned, vertically integrated company that provides sustainable food and ingredients globally. AgroAmerica proudly launches PlanetA, an ambitious new sustainability strategy aimed at driving tangible change and redefining the paradigms of sustainable food systems.PlanetA emerges from the fusion of AgroAmerica’s essence with a profound focus on the planet, underscoring the company’s strong commitment to sustainable practices.
In Healthcare this week…
“AI Analysis of Dynamic Digital Radiography Reveals Lung Insights” By Konica Minolta
The latest in technology innovation by Konica Minolta Healthcare was used to develop a machine-learning-based analysis of X-ray imaging that automatically quantifies lung function data. This AI-powered technique provides a reliable alternative to pulmonary function tests (PFTs), which have limited assessment capabilities and can be difficult for some patients with pulmonary disorders to complete. Researchers at the Icahn School of Medicine at Mount Sinai (“Icahn Mount Sinai”) used Dynamic Digital Radiography (DDR) data, an X-ray imaging technology developed by Konica Minolta, to create their AI-powered technique that analyzes lung function.
In Information Technology this week…
Lattice Sentry Wins 2024 Fortress Cyber Security Award
Lattice Semiconductor, the low power programmable leader, announced that the Lattice Sentry™ solution stack was named a 2024 Fortress Cyber Security Award winner in the “Application Security” category by the Business Intelligence Group. Lattice Sentry offers a comprehensive approach to system security, empowering developers to proactively address evolving cyberthreats with real-time protection and recovery capabilities.
In Logistics and Supply Chain this week…
JFrog & GitHub Partner to Integrate Best of Breed Platforms, Unifying Software Supply Chain Management & Security
JFrog Ltd, the Liquid Software company and creators of the JFrog Software Supply Chain Platform, and GitHub, the world’s leading AI-powered developer platform, announced a new partnership to drive a best of breed, integrated platform solution, allowing joint customers to holistically manage EveryOps for developers, including DevOps, DevSecOps, MLOps and GenAI-powered apps.
In Internet Of Things (IOT) this week…
Trustwell and IoT Leader Wiliot Forge Partnership to Elevate Supply Chain Management & Technology in the Food Supply Industry
Trustwell, the food and supplement industry’s premier provider of software and services in compliance, labeling, food safety, and transparency, is excited to announce a strategic partnership with Internet of Things (IoT) industry leader, Wiliot. Known for its innovative sensor tags and linked cloud technology, Wiliot’s collaboration with Trustwell will revolutionize the entire supply chain infrastructure by driving efficiency and visibility with advanced IoT solutions.
In Materials this week…
Electronics For Imaging, Inc. unveiled a wide array of innovative solutions in inkjet printing for packaging, display graphics, and textiles, all on display at its stand at drupa 2024, running through 7 June at Messe Düsseldorf. EFI is located in Hall 9, Stand A20-1 at the show.
In Smart Lighting this week…
CLEANLIFE® Acquires the Low-Voltage Lighting Technology of ATX LED Consultants, Inc. to Become Worldwide Leader in Direct Current Lighting and Controls
CLEANLIFE®, a leading provider of highly customized LED lighting solutions and smart home technology, has acquired ATX LED technology. Based in Austin, TX, ATX LED was founded in 2016 by serial entrepreneur, engineer and inventor, Murray Freeman. Thanks to superior technology, Freeman’s boundless energy and a following built up through appearances on podcasts and in YouTube videos, ATX has become a well-renowned name in the custom home market.
In Retail this week…
VF Corporation Appoints Sun Choe as Global Brand President, Vans®
VF Corporation, a global leader in branded lifestyle apparel, footwear, and accessories, today announced that Michelle (“Sun”) Choe has been appointed Global Brand President, Vans®, beginning in late July. Sun is a highly accomplished apparel industry executive with nearly three decades of experience leading design and merchandising for renowned global brands, including lululemon, Marc Jacobs, West Elm, Madewell, Urban Outfitters, Levi’s and the Gap.
In Semiconductor & Electronics this week…
High Current Rated Load Switches from Diodes Incorporated Provide Smart Power Delivery Solutions for Modern Digital ICs
Diodes Incorporated has announced the expansion of its highly successful DML30xx series smart load switches. The four new products, DML3008LFDS, DML3010ALFDS, DML3011ALFDS, and DML3012LDC, provide high-current (10.5A to 15A) power domain switching control for voltage rails from 0.5V to 20V. Through the array of embedded functions, these devices are highly effective at handling all aspects of power delivery to microcontrollers, graphic cards, ASICs, FPGAs, and memory chips.
Article of the Week
What Is Inventory Storage and How Does It Work?
Inventory storage is crucial for businesses that deal with goods or products. Inventory refers to the stocked products awaiting purchase. This heavily relies on space availability, spoilage concerns, efficiency, cost, and laborers. Not having proper warehouse storage might lead to stolen, damaged, or even lost goods. A report states that 34% of businesses face issues with product unavailability and shipment delays. 1 in 10 startups fail due to inadequate inventory. This blog post discusses different inventory storage methods, why they are important, and more.