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…
Stellantis Invests Additional $55 Million In Archer Following Recent Flight Test Milestone
Stellantis N.V. and Archer Aviation Inc, a leader in electric vertical takeoff and landing aircraft, announced Archer has received an additional $55 million investment from Stellantis under the companies’ strategic funding agreement following the achievement of its transition flight test milestone last month.
In Automotive news this week…
Luminar Launches Sentinel Software for Automakers
Luminar, a leading global automotive technology company, announced it is launching Sentinel1, its full-stack software suite, following five years of breakthrough developments in Software and AI systems. The Sentinel solution enables automakers to accelerate development of advanced safety and autonomous functionality on vehicles, and includes Proactive Safety, Perception, 3D Mapping and Localization, Simulation, and Dynamic LiDAR features. The first shipments occurred this week, and are planned to be delivered to top automakers in the third quarter of this year.
In Agritech news this week…
Lavie Bio Announces Commercial Expansion of Yalos to Winter Wheat
Lavie Bio Ltd., a leading ag-biologicals company and a subsidiary of Evogene Ltd , is pleased to announce the commercial expansion of its bio-inoculant product, Yalos, to winter wheat, following successful trials. This expansion effectively doubles the potential market for Yalos™ compared to markets in which Lavie Bio already operates. Winter wheat growers across the US will have access to Yalos™ for the upcoming 2024-2025 season.
In BFSI news this week…
Amerant Bank Names Jesse Flowers As Palm Beach Market President
Amerant Bank, Florida’s bank of choice with a growing presence across South Florida, has named Jesse Flowers as EVP, Palm Beach Market President. Flowers, an integral part of the financial services industry in the Palm Beach market, brings over two decades of experience in banking, specializing in servicing clients seeking a true and authentic relationship with their bank.
In Biotech this week…
ANI Pharmaceuticals Announces the FDA Approval and Launch of Naproxen Delayed-Release Tablets, USP
ANI Pharmaceuticals, Inc. announced that it received U.S. Food and Drug Administration (FDA) approval for the Abbreviated New Drug Application (ANDA) and launched Naproxen Delayed-Release Tablets, USP. ANI’s Naproxen Delayed-Release Tablets is the generic version of the reference listed drug (RLD) EC-Naprosyn.
In Chemicals news this week…
LG Energy Solution and Liontown Resources agree on long-term strategic partnership, securing lithium supply chain and future growth opportunities
LG Energy Solution and Liontown Resources Limited (Liontown) entered into a strategic partnership aimed at fortifying their long-term collaboration in the global lithium sector.
The companies signed a convertible note subscription agreement, an extended offtake agreement for the supply of high-quality lithium spodumene from Liontown’s Kathleen Valley project, and a downstream collaboration agreement to explore the feasibility of establishing a lithium refinery which has the potential for long-term value creation.
In Defence Technology news this week…
SIXGEN Acquires Secure-EE
SIXGEN, a full-spectrum solutions provider of cybersecurity products and expertise to U.S. national intelligence, defense and critical infrastructure customers, announced its acquisition of Secure Enterprise Engineering, Inc. Secure-EE is a leading provider of bespoke cybersecurity products and services across various domains, and marks SIXGEN’s first acquisition following Washington Harbour Partners’ investment in the company in November 2023.
In Energy, Power and Sustainability news this week…
Siemens and Boson Energy enter agreement to accelerate the green energy transition through waste-to-hydrogen (to-X) technology
Boson Energy and Siemens AG have signed a Memorandum of Understanding (MoU) to facilitate collaboration on technology that converts non-recyclable waste into clean energy. The collaboration aims to advance sustainable, local energy security, enabling hydrogen-powered electric vehicle charging infrastructure without compromising grid stability or impacting consumer prices.
Bel Group and Dassault Systèmes Partner to Accelerate the Food Industry Transition Towards a More Sustainable Model
Dassault Systèmes and Bel Group, announced their long-term partnership to accelerate the food industry’s transformation toward a more sustainable model. The companies will play a pivotal role in shaping the future of food by digitalizing the end-to-end value chain powered by artificial intelligence, from product idea to manufacturing and market launch.
In Healthcare this week…
C2N Diagnostics Says FDA’s Approval of Donanemab Highlights Its Role in Helping to Determine Alzheimer’s Disease Pathology
C2N Diagnostics, a leader in advanced brain health diagnostics, is closely tracking decision by the U.S. Food and Drug Administration to approve donanemab for treatment of early Alzheimer’s disease. Researchers used C2N’s Precivity-p-tau217 blood biomarker in its Phase 3 clinical trial and analysis for donanemab, which was highlighted in the article “Donanemab in Early Symptomatic Alzheimer Disease: The TRAILBLAZER-ALZ 2 Randomized Clinical Trial1” in the Journal of the American Medical Association.
In Information Technology this week…
Ansira Acquires BrandMuscle and SproutLoud
Ansira Partners, Inc. (“Ansira”), an independent global marketing technology and solutions company with proprietary channel, website, and advertising technology platforms, announced the acquisition of BrandMuscle and SproutLoud, two leading channel partner marketing companies that, like Ansira, work with clients in distributed ecosystems. The acquisitions bring together best in class talent and platform technology into one entity.
In Internet Of Things (IOT) this week…
Sivers Semiconductors Announces 5G Contract with Blu Wireless for High-Speed Broadband Communication for Track-to-Train applications
Sivers Semiconductors, a leading supplier of integrated chips and modules for the most advanced communications and sensor solutions, announced a development contract with Blu Wireless. Under the contract, Sivers will design and develop advanced 5G long range antenna modules that operate within the 57-71 GHz license exempt band, providing high-speed broadband communication links for track-to-train applications. The contract revenue will be recognized completely in 2024.
In Logistics and Supply Chain this week…
Transflo Adds to Its Technology Portfolio, Acquires RMJ Technologies’ Telematics Assets
Transflo, an innovator and leader in transportation technology, is thrilled to announce its acquisition of RMJ Technologies’ (RMJ Tech) telematics assets.
RMJ Tech specializes in fleet optimization services and is a fast-growing technology company serving government agencies and public companies in North America. Transflo will acquire RMJ Tech’s telematics business, allowing the company to expand its footprint in the private and public sectors of transportation.
In Medical device this week…
Inogen, announced the appointment of Kevin P. Smith as General Counsel and Executive Vice President, Business Development
Inogen, Inc., a medical technology company offering innovative respiratory products for use in the homecare setting, announced the appointment of Kevin P. Smith as General Counsel and Executive Vice President, Business Development, effective July 22, 2024. Mr. Smith joins Inogen from Sirtex Medical, where he served as General Counsel and Executive Vice President, Business Development, since 2018.
In Materials this week…
Alberta Innovates Expands Its Bitumen To Carbon Fibre Test Facilities
Alberta Innovates has received $10 million from the Regional Innovation Ecosystems (RIE) program administered by Prairies Economic Development Canada (PrairiesCan). The funding will allow Alberta Innovates to establish a specialized production and testing facility to commercialize technologies that convert Alberta-sourced bitumen into carbon fibre.
In Retail this week…
EnsembleIQ’s The Path to Purchase Institute Launches New ‘Storefronts’ Retail Media Event
The Path to Purchase Institute (P2PI) announces Storefronts, a new event that brings U.S. retailer media networks together with CPG brands and commerce marketers to learn what’s in store for in-store retail media in the coming year.
P2PI, a part of EnsembleIQ, has been at the forefront of commerce marketing innovation since its inception, connecting industry professionals to the intelligence, new ideas and influence essential for solving modern-day business problems and driving growth.
In Semiconductor & Electronics this week…
onsemi Enhances Intelligent Sensing Portfolio with Acquisition of SWIR Vision Systems
As part of onsemi’s continuous drive to provide the most robust, cutting-edge technologies for intelligent image sensing, the company announced it has completed the acquisition of SWIR Vision Systems®. SWIR Vision Systems is a leading provider of CQD® (colloidal quantum-dot-based) short wavelength infrared (SWIR) technology – a technology that extends the detectable light spectrum to see through objects and capture images that were not previously possible. The integration of this patented technology within onsemi’s industry-leading CMOS sensors will significantly enhance the company’s intelligent sensing product portfolio and pave the way for further growth in key markets including industrial, automotive and defense.
In Smart Lighting this week…
Lepro Unveils LightGPM 2: LLM (Large Language Model) Generates Professional Lighting Effects
Lepro, a leading innovator in AI-generated lighting using large language models (LLMs), proudly announces the launch of LightGPM™ 2. LightGPM™ 2 is an advanced LLM designed to create professional lighting effects. This new version features more model parameters and training materials, significantly enhancing the user experience.
Article of the Week
A Comprehensive Guide to IoT Connectivity Technologies and Their Use Cases
Imagine living in a world where commonplace objects are smoothly communicating with one another to improve the efficiency and ease of our daily lives. The Internet of Things, or IoT, has completely changed the way we interact with technology. It is predicted that by 2030, there will be over 32.1 billion Internet of Things devices globally, nearly doubling from 15.9 billion in 2023. Examples of connectivity technologies in IoT include smart home appliances that change the temperature when we step in the door and wearable fitness trackers that continuously monitor our health. These gadgets can establish a connection and exchange messages with one another because of IoT networking technologies. Let’s learn more about it.