Author: Roboticulized.com

aurora-labs-partners-with-deloitte-to-introduce-ai-to-sw-management-processes-to-reduce-the-effort-of-bringing-software-defined-vehicles-to-market-by-30%

Aurora Labs Partners with Deloitte to Introduce AI to SW Management Processes to Reduce the Effort of Bringing Software-Defined Vehicles to Market by 30%

April 24, 2023 Published by

 

Deloitte, the leading consulting, advisory and audit services firm, and Aurora Labs, the automotive artificial intelligence (AI) company, today announced their strategic cooperation in the Automotive Industry. The partnership brings combined expertise and technology solutions to automotive companies as the industry is transitioning SW Management processes, products and regulations for software-defined vehicles.

As the automotive industry transitions to electrical vehicles, software-defined vehicles, and Continuous Integration/Continuous Delivery (CI/CD) processes, automotive manufacturers are turning to software experts to help them evolve their processes, methodologies, and technologies. New approaches are required for SW Release Management, OTA Updates and to manage SW in complex ECU/DCU, e.g. state-of-the-art Head Units. Additionally, it is a growing challenge to meet safety and security regulatory requirements such as Functional Safety, SOTIF and UNECE WP.29 (R155-156). High process-integrated quality standards (e.g. ASPICE) need to be achieved and maintained while using new agile development methodologies to drive faster development cycles for new vehicle functionality and features. Deloitte and Aurora Labs’ collaboration combines the expertise and AI-based technologies required by vehicle manufacturers to drive up to 30% efficiencies throughout software development, quality assurance, certification, and over-the-air (OTA) maintenance with data and insights that were previously unavailable.

Deloitte offers services in the automotive industry around SW Management to support OEM and OEM suppliers. Automotive CASE (Connected, Autonomous, Shared, Electrification) Trends require intelligent SW Management methods.

“To enable the software-defined vehicles of the future, complex development challenges exist. The integration of complex software deliveries throughout a supply chain distributed across the globe while applying necessary quality and process standards is an unsolved issue. Aurora Labs’ AI insights are needed by OEMs and suppliers to assure that development and quality processes are manageable, fast, and follow the highest quality standards. This is especially true since the software of a car needs to be maintained after delivery through OTA (over-the-air) updates over many years.” said Andi Herzig, Global Head of Automotive Risk Advisory at Deloitte.

Aurora Labs offers AI-based Vehicle Software Intelligence solutions that enable global automotive manufacturers to continuously collect actionable data and obtain a deep understanding of line-of-code software changes, dependencies, and behavior.

“Partnering with Deloitte addresses the major challenges faced by our industry – how to adopt the processes and the technologies required to stay competitive. We believe that the synergies from this partnership bring great value to our joint customers,” said Zohar Fox, CEO of Aurora Labs.

The combination of Deloitte’s services and Aurora Labs’ AI technologies helps the automotive industry software development teams streamline the processes of development, testing, integration, UNECE WP.29 (R155-156) compliance, continuous certification, and on-the-road, zero-downtime, over-the-air (OTA) updating.

globe-group’s-917ventures,-ayala-corp-and-gogoro-introduce-new-era-of-sustainable-transport-in-the-philippines

GLOBE GROUP’S 917VENTURES, AYALA CORP AND GOGORO INTRODUCE NEW ERA OF SUSTAINABLE TRANSPORT IN THE PHILIPPINES

April 24, 2023 Published by

 

Leading Filipino digital solutions platform Globe Group’s 917Ventures, top Philippine conglomerate Ayala Corporation, and Gogoro Inc., (Nasdaq: GGR), a global technology leader in battery-swapping ecosystems that enable sustainable mobility solutions for cities, today launched Gogoro Smartscooters® and battery-swapping in the Philippines. In ceremonies at Globe’s headquarters, the three companies also announced Gogoro’s public availability in Metro Manila by Q4 2023.

“We in the Globe Group are very proud to bring Gogoro Smartscooters® and battery-swapping to the Philippines, a transport ecosystem that marries mobility innovation and sustainability,” said Ernest Cu, Globe Group President and CEO. “This year, Filipinos will have access to these electric two wheel vehicles and Gogoro’s convenient and cost-efficient battery-swapping technology, another first in the Philippines.”

The Gogoro launch marks the climate tech debut of the Globe Group as it continues to deliver innovations that address Filipinos’ daily pain points. Together, the companies are introducing a new era in sustainable transportation that brings together smart, convenient and accessible two-wheel electric vehicles to customers.

It also marks the Philippine entry of Gogoro, a company that has transformed two-wheel mobility in Taiwan and fostered a new smart mobility industry with a network of eco-friendly businesses and end-users. In addition to Taiwan and the Philippines, Gogoro is also operating in China, India, Japan, Indonesia, Korea and Israel.

As a better transportation alternative, Gogoro aims to address commuter woes on expensive gas prices while helping curb carbon emissions that are in line with partners’ shared commitment to sustainability, and the Philippine government’s sustainable development agenda.

“Our partnership with the Globe Group and Ayala Corporation in the Philippines is a major milestone in our mission to transform urban transportation and provide an accessible path for riders to adopt sustainable urban mobility and play a key role in battling climate change and making the world better for all,” said Horace Luke, Founder and CEO of Gogoro. “We look forward to working together to deliver a sustainable transport system that will improve air quality, reduce carbon emissions, and provide a superior riding experience for consumers in the Philippines.”

Luke said the company is excited to bring the Gogoro ecosystem to the Philippines and is committed to replicating its success in Taiwan, where Gogoro has 540,000 riders and has deployed more than 1 million smart batteries at 12,000 battery-swapping stations. Gogoro riders have swapped more than 450 million total swaps; 400,000 per day; and, Gogoro has saved more than 627,000 tons of CO2 since launching.

“The Gogoro ecosystem is very convenient as its swap-and-go technology allows riders to swap out depleted batteries for charged ones in just seconds and go on their way. With the current traffic situation in the metro, these Smartscooters® will serve as an eco-friendly alternative to ease congestion while at the same time reducing carbon emissions,” said Bernie Llamzon, Globe Capital Venture Holdings Inc. Director.

Cu thanked the Philippine government’s support for the shift to EVs as he cited the importance of enabling policy for electric vehicles to succeed in the country.

“The shift to EVs, particularly deploying Gogoro’s battery-swapping system, will go a long way with sustained government support that will allow private sector initiatives to prosper. Sustainable transportation projects are, after all, aligned with the government’s long-term agenda to promote environment-friendly transport options and foster digitalization as mobility needs of Filipino individuals and businesses rise,” said Cu.

securitygen-reports-successful-growth-and-momentum-in-q1-2023-backed-by-rising-demand-for-5g-cyber-security

SecurityGen reports successful growth and momentum in Q1 2023 backed by rising demand for 5G cyber-security

April 24, 2023 Published by

 

SecurityGen, the award-winning provider of security solutions and services for the telecom industry, has marked the end of Q1 2023 with a total of 40 operator customers in more than 20 countries plus the establishment of new teams in Latin America, South East Asia and the Middle East & Africa.

Commenting on SecurityGen’s performance in the first quarter of 2023, co-founder and CEO Amit Nath cited the ongoing growth of 5G networks worldwide as the key driver for the increased demand for SecurityGen’s solutions and services. According to research from GSMA Intelligence, global 5G connections are expected to double over the next two years, expedited by technological innovations plus new 5G network deployments in more than 30 countries in 2023 alone.

Nath said, “Our cyber-security solutions now secure mobile networks that serve more than 700 million subscribers worldwide. During this past year, backed by solid sales momentum and 50% year-on-year growth; we have expanded our presence with new teams in the Middle East, South East Asia and Latin America.

Nath attributes SecurityGen’s success to the impact of its flagship product ACE, the first completely automated breach and attack simulation platform that is purpose-built for securing mobile networks.

“As the telecom and IT worlds converge, operators are more aware than ever of the increased risk of cyber-attack,” he explained. “Operators are now high-value targets for hackers, and our experience and research show that operators’ manual security measures are no longer fit for purpose against new and emerging threats that come with 5G’s extra complexity.

“Operators are more than ever looking at how they can build a safe, secure and resilient 5G network from the ground up. And to do so, they must strengthen their security capabilities with automated systems that enable more frequent and in-depth network-wide security assessments. We are seeing a lot of traction and interest amongst operators on the concept of Automation, building their own capabilities around network security assessments owing to rising complexities and the resulting compliance requirements. Our awarding-winning ACE, Breach and Attack Simulation platform meets this need.”

Nath continued, “As well as the wider trend for automated network security operations, other key drivers behind SecurityGen’s Q1 growth are the advent of more stringent customer protection compliance rules plus the current security skills shortage across the telecom industry. These have all added to the demand among operators for effective, user-friendly automated security solutions. SecurityGen supports operators without the need for massive investment and without adding to the workload of their already overburdened security teams.

“Looking ahead, our focus for 2023 is to partner with leading mobile network operators, assisting them with their transition to safe, secure 5G networks and services. We’ll continue to forge partnerships in the three regions of sub-Saharan Africa, South East Asia and the Middle East – South East Asia, the Middle East & Africa each now account for 40 per cent of our revenues. In every region, we’re seeing operators step up their cyber-security efforts: we’ve acquired several new operator customers and have ramped up our presence with more staff to provide expert on-site support, as and when our customers need it.”

“At a strategic level, we remain focused on our research-driven approach to telco cyber-security. And we are delighted to see industry validations on this initiative – research and consulting firm Rocco Research named SecurityGen in its Top 10 Vendors to Watch in 2023 report. At the same time our innovation the 5G Cyber-security Lab has been shortlisted in the Rocco Innovators 2023. We are grateful to the telecoms community and our customers and partners for their trust and support.

“2023 is shaping to be another positive year for SecurityGen,” Nath concluded. “We will continue to execute on best 5G security strategies and solutions by building robust cyber-security models for MNO transition.”

the-grand-opening-of-digital-paradise-–-an-immersive-art-tech-experience-firstly-takes-place-in-sanya

The Grand Opening of Digital Paradise – An Immersive Art-Tech Experience Firstly Takes Place in Sanya

April 22, 2023 Published by

 

On April 20th, “Digital Paradise – an Immersive Art-Tech Experience” welcomes its grand opening. This exhibition is hosted by Sanya Tourism Promotion Board and organized by Sanya Hi Town Wanda Pioneer Cultural Art Center, and curated by Neal Space, the initiator of the world’s largest digital art exhibition NFT ART WEEK. From April 21st to May 4th, the exhibition will feature artworks by over 50 digital artists and artist teams from multiple countries and regions, including Asia, North America, Europe, South Africa, and Australia. It will create stunning visual effects and unique interactive experiences through iconic screen matrices, giant digital screen installations, and immersive spaces, providing audiences with a journey through a digital wonderland and promoting Sanya as a new landmark in the field of art and technology.

“Digital Paradise” in Sanya: A digital wonderland dedicated to the public in the global development of technology and culture.

The exhibition featured six major theme halls, showcasing a series of cutting-edge digital art pieces by over 50 digital artists/teams and 36 avant-garde digital art collections. The exhibited artworks covered a range of digital art fields, including but not limited to artificial intelligence, virtual reality, augmented reality, computer-generated art, interactive installations, and more. Notable highlights include the Asian debut of the latest series of artist Krista Kim’s “Mirror of the Mind”, part of the LACMA collection; the first attempt by participating artist DaDa at Tate Britain and the Linz Music Festival to publicize VR interactive experiences in a way that links immersive projection; surreal virtual model series artworks by Shavonne Wong, co-founder of NFT Asia and 2020 Forbes Asia 30U30, a 3D digital artist from Singapore; artworks by artist MOses Li and digital art team Black Void themed on Sanya, as well as digital ink works by Cindy Ng, a digital artist recommended by Art Basel HK. Global digital artists present unprecedented visual impact and sensory experiences through innovation and application of digital technology, bringing a rare digital audiovisual feast to the audience.

It’s worth mentioning that artist MOses Li specially created the Sanya-themed work “MOses’ entry_print (‘N18°_E109°’)” for this exhibition. Inspired by the geographic data of Sanya, he uses latitude and longitude as the starting point, selecting an angle of the rising sun in the morning as parameter to generate a unique data-driven natural landscape. He observed the complex and diverse possibilities that are difficult to grasp in reality. The artwork showcases the diverse cultural charm and infinite possibilities of Sanya in the digital world, presenting them to the audience.

Shaping travel through culture and showcasing culture through travel – Sanya, the international tourist destination, has become a new landmark of technology art

Digital Paradise – Immersive Art-Tech Experience in Sanya takes healing, immersion, interaction, and technology as different themes and approaches, providing citizens and tourists with more personalized and profound exhibition and leisure travel experiences. This art exhibition is the first “technology + art” boutique exhibition introduced in Sanya, marking a self-iteration from “trending” to “fashion pioneer”. Through this exhibition, Sanya, the international tourist destination, has become a new landmark of art and technology.

Along with this exhibition, Sanya Tourism Promotion Board will launch a commemorative edition of the exhibition dynamic poster digital asset in collaboration with Poly Digi-Entertainment, leveraging blockchain technology to allow cultural and artistic enthusiasts to own and collect the beauty; and a co-branding experience room package with Wanda Realm Resort Sanya Haitang Bay, aimed at allowing citizens and tourists not only to interact with cutting-edge art and technology, but also to immerse themselves in the artistic atmosphere of vacation and leisure, experiencing extraordinary artistic visual effects, and comprehensively enhancing the travel experience. This event has also received a lot of attention from renowned brands, especially Chateau Sungod GreatWall providing strong support for the exhibition.

Albert Yip, director of Sanya Tourism Promotion Board mentioned, “We hope to leverage this art and technology exhibition as an opportunity to enrich the cultural and tourism industry in Sanya, allowing tourists to not only enjoy the sunshine and beaches but also feel the ‘new’ vibe of Sanya in the context of the free trade port construction, integrating cultural activities into the lives of citizens and truly realizing the concept of shared responsibility. We welcome all digital artists to visit Sanya, feel the vitality, innovation, and opportunities of the Hainan Free Trade Port, and draw more creative inspiration from it, presenting the vitality, innovation, and opportunities of Sanya through their works.”

Sanya Tourism Promotion Board is a legally established agency initiated and registered by the Sanya municipal government. Its mission is to boldly explore and experiment with the Hainan Free Trade Port, and to comprehensively expand the market for Sanya tourism, enhance the international reputation of Sanya as a tourism destination, and explore new experiences in national tourism system reform and innovation. The Bureau is responsible for formulating Sanya tourism promotion plans and programs, coordinating and managing domestic and international tourism promotion affairs, conducting joint marketing activities with tourism enterprises, undertaking external tourism exchanges and cooperation, and making every effort to achieve high-quality and high-standard comprehensive promotion of the construction of Hainan as an international tourism consumption center.

Neal Space is a digital art platform founded by Neal Digital, dedicated to promoting the sustainable development of the digital art field and expanding the positive impact of the NFT art community in the world. Through interdisciplinary and meaningful curatorial themes, we aim to constantly focus on high-quality digital art creation, establish diverse connections between the digital and physical worlds, and address new propositions constantly emerging in the digital age to promote cross-cultural exchanges of digital artists worldwide.

insilicotrials-and-achilles-vaccines-join-forces-to-create-next-generation-vaccines-and-monoclonal-antibodies-against-infectious-diseases

InSilicoTrials and AchilleS Vaccines Join Forces to Create Next-Generation Vaccines and Monoclonal Antibodies against Infectious Diseases

April 21, 2023 Published by

 

InSilicoTrials and AchilleS Vaccines have announced a strategic alliance that aims to unite visions, skills, experiences, the multidisciplinary collaboration network and interested institutions to accelerate the transition towards a complete realization of “biopharma 4.0” concept with a specific focus on vaccines and monoclonal antibodies against infectious diseases.

The collaboration will build on InSilicoTrials’ existing platform and its InSilicoVaccine Suite to create vertical products based on modified Outer Membrane Vesicles (mOMV). mOMV is a technology already used by AchilleS Vaccines with significant advantages for product development, including large-scale and cost-effective production. It has also demonstrated good tolerability and high immunogenicity in humans, making it an attractive candidate for personalized vaccines.

The partnership will allow AchilleS Vaccines to leverage the wide range of in silico tools provided by InSilicoTrials, among which the Immunogenicity Risk Screen tool, a computational solution that predicts the potential risk of immune responses to new protein sequences. It enables the evaluation of potential immunogenicity risks of new protein sequences in silico, without the need for animal testing, which can accelerate vaccine development and create safer and more effective vaccines.

“We are excited to collaborate with AchilleS Vaccines to develop vaccines that can make a real impact on patients’ lives,” said Luca Emili, CEO of InSilicoTrials. “Our in silico platform and tools have the potential to accelerate the development of new vaccines while reducing the need for animal testing.”

“Since the birth of our company we have dreamed of carrying out a preclinical development of a vaccine or a monoclonal antibody while minimizing waste, which is why the LAB 4.0 project was born. We are now excited to partner with InSilico Trials to take this concept further and extend it to the point where we can simulate the entire biopharmaceutical development chain from lab, to animal testing, to clinic, while dramatically reducing related risks,” said Riccardo Baccheschi, President and CEO of AchilleS Vaccines.

The collaboration agreement between InSilicoTrials and AchilleS Vaccines represents a significant step forward in the development of personalized vaccines that could transform the prevention and treatment of infectious diseases.

tredence-recognized-in-recent-customer-analytics-service-providers-report

Tredence Recognized in Recent Customer Analytics Service Providers Report

April 21, 2023 Published by

 

Tredence, the global data science and AI solutions company, was recognized in the recent Forrester report, The Customer Analytics Service Providers (CASP) Landscape, Q1 2023.

Forrester, a global leader in independent research and advisory, included 38 customer analytics service providers. According to the Forrester report, “You can use customer analytics service providers to solidify your customer data foundation, build and deploy analytical models, and embed insights into customer experiences.” It published the report as a north star for business leaders to comprehend the benefits of customer analytics providers, understand their differences, and choose one based on size and market focus.

“At Tredence, we believe customer obsession and innovation are the driving forces behind exceptional customer experiences. To us, being recognized by Forrester among notable customer analytics service providers is an honor and a testament to our performance and leadership in customer experience management,” said Shub Bhowmick, CEO and Co-Founder, Tredence. “The customer analytics accelerators we deploy, powered by hyperscalers and data activation partners, enable enterprise data and AI transformation faster than ever before. We look forward to continuing our growth as the strategic CXM partner to the top companies in every industry.”

The report describes how customer analytics service providers help organizations across the analytics maturity spectrum transform customer data into actions that drive acquisition, retention, larger basket sizes and better customer experience.

Tredence provides customer analytics services across multiple industries, including retail, CPG, telecommunications, media, technology, travel, health care and hospitality. By enhancing customer experience with personalization, omnichannel journey orchestration and real-time intelligence, Tredence delivers enterprise-scale CX transformation leading to top-line impact.

In December, Tredence secured $175 million in Series B funding from Advent International, which will enable the company to further develop its vertical and domain expertise, IP repository, channel partner development and operational efficiency.

To download a copy of the report, please visit Forrester. Report available to Forrester subscribers and for purchase.

luxury-wines-and-spirits-market-to-register-$414.8-billion-by-2031:-allied-market-research

Luxury Wines and Spirits Market to Register $414.8 Billion by 2031: Allied Market Research

April 21, 2023 Published by

 

Allied Market Research published a report, titled, “Luxury Wines and Spirits Market by Type (Wines and Spirits), and Distribution Channel (Wholesale, Retail, E-commerce, and Others): Global Opportunity Analysis and Industry Forecast, 2022-2031″. According to the report, the global luxury wines and spirits industry generated $229.4 billion in 2021 and is anticipated to generate $414.8 billion by 2031, witnessing a CAGR of 6.2% from 2022 to 2031.

Request Sample Report: https://www.alliedmarketresearch.com/request-sample/1813

Prime determinants of growth

The growth in interest in premium and unique products, the rise in demand for organic and sustainable products, and the popularity of experiential marketing drive the growth of the global luxury wines and spirits market. However, high prices of products and availability of counterfeiting products restrict the market growth. On the other hand, innovation and new product development is providing lucrative opportunities for the market growth.

Report coverage & details:

Report Coverage

Details

Forecast Period

2022–2031

Base Year

2021

Market Size in 2021

$229.4 billion

Market Size in 2031

$414.8 billion

CAGR

6.2 %

No. of Pages in Report

362

Segments Covered

Type, Distribution Channel, and Region.

Drivers

The growth in interest in premium and unique products

Rise in demand for organic and sustainable product

The popularity of experiential marketing

Rise in disposable income and rapid urbanization

Opportunities

Growth in the popularity of cocktail drinks

Expansion of distribution networks

Innovation and new product development

Restraints

High prices of products

Availability of counterfeiting products

Covid-19 Scenario

  • The luxury wines and spirits industry had been negatively impacted by the COVID-19 pandemic, with sales declining and challenges in production and distribution.
  • The pandemic caused disruptions to the global supply chain, resulting in delays in shipments and difficulties in sourcing raw materials. This impacted the production and distribution of luxury wines and spirits.

The wine/champagne segment to maintain its leadership status throughout the forecast period

Based on type, the wine/champagne segment held the highest market share in 2021, accounting for nearly three-fifths of the global luxury wines and spirits market revenue, and is estimated to maintain its leadership status throughout the forecast period. Consumers who have an inclination toward fine quality products rather than price drive the market growth. However, the spirits segment is projected to manifest the highest CAGR of 6.7% from 2022 to 2031, as the luxury spirits market currently offers alcoholic drinks such as vodka, gin, rum, and brandy that have more alcohol by volume (ABV) than other alcoholic beverages.

Buy This Report (250 Pages PDF with Insights, Charts, Tables, and Figures) @ https://bit.ly/3H1w9m4

The retail segment to maintain its leadership status throughout the forecast period

Based on distribution channel, the retail segment held the highest market share in 2021, accounting for more than two-fifths of the global luxury wines and spirits market revenue, and is estimated to maintain its leadership status throughout the forecast period, though the number of wholesalers is on a rapid increase, there is a large consumer base that still prefers to buy wines and spirits from retail shops, as they believe that it saves money and time. Affluent customers are the ones who often buy luxury wines and spirits through retail shops. However, the others segment is projected to manifest the highest CAGR of 7.7% from 2022 to 2031. Discounted shops are one of the most preferred platforms by consumers for buying luxury wines & spirits. Consumers prefer these stores as they get the latest products at discounted prices.

Europe to maintain its dominance by 2031

Based on region, Europe held the highest market share in terms of revenue in 2021, accounting for around two-fifths of the global luxury wines and spirits market revenue and is estimated to maintain its leadership status throughout the forecast period, owing to changing lifestyle and a considerable rise in disposable income in Europe. However, the LAMEA region is expected to witness the fastest CAGR of 8.5% from 2022 to 2031. Factors such as rapid urbanization and a rise in disposable income in is expected to increase the demand for the luxury wines and spirits market in this region.

Enquire Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/1813

Leading Market Players: –

  • DIAGEO PLC.
  • PERNOD RICARD
  • BACARDI LIMITED
  • BROWN-FORMAN CORPORATION
  • THAI BEVERAGE PUBILC COMPANY LIMITED
  • DAVIDE CAMPARI-MILANO N.V.
  • HITEJINRO CO., LTD.
  • SUNTORY HOLDINGS LIMITED
  • LVMH
  • BAYADERA GROUP

The report provides a detailed analysis of these key players of the global luxury wines and spirits market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

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xcmg-machinery-releases-new-mining-equipment-products,-expanding-application-scope-to-cover-full-cycle-of-mining-operations

XCMG Machinery Releases New Mining Equipment Products, Expanding Application Scope to Cover Full Cycle of Mining Operations

April 21, 2023 Published by

 

XCMG Machinery (“XCMG”, SHE:000425), a leading Chinese construction equipment manufacturer, has released three new mining machinery products, including the XE690DK mining excavator, XDR80TE-AT autonomous electric dump truck, and XDE240 mining dump truck, which will better support global mining operations and infrastructure construction projects.

The XE690DK mining excavator is one of XCMG’s best-selling models, and has recently been launched in Indonesia.  Equipped with an exceptional power system to deliver efficient performance, it has safe, environmentally friendly and energy-saving designs that can fully meet the construction needs of various working conditions and create greater value for the customers.

At the product launch event held in February in Indonesia, XCMG signed orders totaling about 100 units of the XE690DK, and continues to receive new orders.

The unmanned XDR80TE-AT electric mining truck, which just won the iF Design Award 2023 in the discipline of Product under category Automobiles/Vehicles, has completely removed the operating cab and supports two modes – remote control and fully autonomous artificial intelligence (AI) control. The truck is equipped with multiple functions, including visual and acoustic sensors, laser radar, millimeter-wave radar, and cameras.  Under the full autonomous mode, the AI technology can automatically set the destination and plan the routes following the mining operation system’s production schedule while enabling coordinated operation with other equipment regardless of automation.

In the meantime, the XDE240 mining dump truck has successfully completed mining works with its advanced environment sensor, navigation, and positioning capabilities. Previously, a fleet of XDE240 achieved fully unmanned mining truck operation as a group in China, further benchmarking China’s intelligent mining construction roadmap.

XCMG’s unmanned mining solutions are building integrated digital mines, the control center assigns tasks to the equipment, while the vehicles set the targets based on the task list and calculate the routes, and they can evaluate the safety of the routes and avoid obstacles autonomously.

“The mining sites have highly challenging working conditions that pose greater risks to people, the idea of building ‘unmanned mines’ aims to tackle the pain point. Leveraging the advanced technologies including 5G and a digital twin which are more developed now, our mining machinery equipment are catching up quickly to deliver unmanned solutions in the era of intelligent technologies,” said Cui Jisheng, Assistant President of XCMG and General Manager of XCMG Mining Machinery.

Through establishing partnerships with local dealers such as GMT, XCMG has built a sales and service network in Indonesia as the No.1 construction machinery brand in the local market, and more than 10,000 units and sets of XCMG equipment are working in full swing for top mines and infrastructure construction projects.

As one of the few manufacturers that develop integrated mining solutions and large complete sets of mining machinery for open-pit mines, XCMG’s comprehensive mining product portfolio now covers the whole process from drilling to logistics. Its flagship equipment, including a 700-ton excavator, 440-ton dump truck, 35-ton loader and 550-horsepower grader, are playing key roles in notable mining and construction projects around the world.

“Committed to providing ‘Solid to Succeed’ products for all customers, XCMG is accelerating the innovative R&D and intelligent manufacturing of mining equipment and solutions to better meet the growing market demands,” Cui said.

digital-domain-holdings-limited-expanding-in-europe

Digital Domain Holdings Limited Expanding in Europe

April 21, 2023 Published by

 

Today, Digital Domain Holdings Limited (DDHL), a Hong Kong listed visual effects and virtual human technology company, announces that it will serve as a show sponsor for the 16th annual Mastercard OFF CAMERA International Festival of Independent Cinema. Created to help highlight some of the best local independent films and filmmakers and from around the world, the festival will be held in Krakow, Poland, on April 28 – May 7.

The Mastercard OFF CAMERA Festival will screen nearly 400 films over ten days, featuring several jury events headlined by the “Making Way” main dramatic competition. An international jury will review a selection of 10 films from some of the top indie filmmakers in the world, and the winner will receive the prestigious Andrzej Wajda Krakow Film Award. A second competition will highlight and honor the best films from Poland over the last year. American Indies – dedicated to daring, uncompromising and fascinating American cinema and Best of Fests – showcasing interesting productions awarded at international film festivals, that the Polish audience will have an opportunity to see on the silver screen, often for the first time.

“The global landscape has vibrant visual effects and games production industry with several universities producing a steady flow of well-qualified talent,” said Szymon Miszczak, Mastercard OFF CAMERA Director. “We are delighted to welcome Digital Domain, a major global player in the visual effects space, to have access to a highly professional and competitive labor pool in the European region.”

DDHL notably consists of Oscar-winning visual effects studio Digital Domain, one of the world’s premier pre and post-production work providers, making the sponsorship with the Mastercard OFF CAMERA a Festival a natural fit. The VFX studio’s recent work includes projects created for an international audience, including the upcoming Warner Bros. blockbuster Blue Beetle, Marvel Studios’ episodic series Secret Invasion, Amazon Prime Video’s Citadel, and more.

Along with offices in the United States, Canada, China, and India, DDHL continues to expand its presence in Europe following the creation of its fully-owned subsidiary, Digital Domain Capital Partners, in Luxembourg. DDHL has also made strategic investments in several European media and e-commerce companies, including securing minority ownership stakes in Highlight Event & Entertainment AG, the parent company of Germany’s Constantin Film, one of Europe’s most successful film production and distribution companies, and a frequent contributor to Polish cinema. The money for DDHL’s Mastercard OFF CAMERA Festival sponsorship will be provided entirely by proceeds generated from its European operations and partnerships.

“The European film industry has some of the best and most imaginative visual effects and gaming content creators in the world, and many of them are just waiting for an opportunity to show what they can do,” said Daniel Seah, CEO of DDHL. “Our sponsorship in the Mastercard Off Camera Film Festival is both a commitment to expand our presence in Europe and a way for us to support some of the world’s most talented up-and-coming storytellers and content creators.”

freightos-announces-record-transactions-and-exceeds-guidance-for-first-quarter-of-2023

Freightos Announces Record Transactions and Exceeds Guidance for First Quarter of 2023

April 20, 2023 Published by

 

Freightos Limited (Nasdaq: CRGO), a leading, vendor-neutral booking and payment platform for the international freight industry, today reported Q1 2023 Key Performance Indicators. Financial results will be reported separately.

Actuals

Management’s

Expectations

1Q 2023

1Q 2023

# Transactions

229,211

218,500 – 225,000

Year over Year Growth (Pro Forma)

100 %

90% – 96%

GBV ($m)

$168.7

$ 162.0 – $ 165.3

Year over Year Growth (Pro Forma)

34 %

28% – 31%

A record 229 thousand transactions were booked on the platform in Q1 2023, up from 211 thousand in Q4 2022 and 114 thousand in Q1 2022. This exceeded the high end of management’s expectations by 2% and represented an 8.8% increase compared to the previous quarter, despite market softness and the first quarter being the normally seasonally weak quarter for the industry. Freightos has experienced record platform Transaction growth for the previous 13 consecutive quarters. Despite market conditions, GBV exceeded management expectations as a result of strong Transaction growth.  This growth was supported by an increase in both demand – users booking across the platform – and supply – carriers offering their services on the platform. The number of Unique buyer users digitally booking freight services across the Freightos Platform grew 29% compared to Q1 2022, reaching 16,226. Carriers selling on the platform, primarily on WebCargo, reached 37 in Q1 2023, up 19% year over year.

Freightos plans to share full first quarter results and Q2 2023 guidance toward the end of May. Final timing of the earnings call and release will be announced via Freightos’ investor website and email update list.

Definitions

  • Transactions: Number of bookings for freight services, and related services, placed by buyers across the Freightos platform with third-party sellers and with Clearit. Beginning in the third quarter of 2022, #Transactions include trucking bookings, which were added to the Freightos platform following the acquisition of 7LFreight. The number of transactions booked on the Freightos platform in any given time period is net of transactions canceled during the same time period.
  • GBV: Total value of transactions on the Freightos platform, which is the monetary value of freight and related services contracted between buyers and sellers on the Freightos platform, plus related fees charged to buyers and sellers, and pass-through payments such as duties. GBV is converted to U.S. dollars at the time of each transaction on the Freightos platform. This metric may be similar to what others call gross merchandise value (GMV) or gross services volume (GSV). We believe that this metric reflects the scale of the Freightos platform and our opportunities to generate platform revenue.
  • Unique buyer users: Unique buyer users represent the number of individual users placing bookings, typically counted based on unique email logins. The number of buyers, which counts unique customer businesses, does not reflect the fact that some buyers are large multinational organizations while others are small or midsize businesses. Therefore, we find it more useful to monitor the number of unique buyer users than the number of buyer businesses.
  • Carriers: Number of unique air and ocean carriers who have been sellers of transactions. For airlines, we count the booking carrier, which includes separate airlines within the same carrier group. We do not count dozens of other airlines that operate individual segments of air cargo transactions as we do not have a direct booking relationship with them. Carriers include ocean less-than-container load (LCL) consolidators. In addition, we only count carries when more than five bookings were placed with them over the course of a quarter.
  • Pro forma: Results presented on a “pro forma” basis reflect subsequent acquisitions as if they had been completed at the beginning of the comparative period.

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