Artificial Intelligence – Page 181

Takeda Canada Launches Digital Health Innovation Challenge to Canada’s Inspiring Tech Community

January 10, 2022 Published by Roboticulized.com

Takeda Canada Inc. is pleased to announce the launch of the Takeda Canada Innovation Challenge, an initiative that aims to discover new and breakthrough digital technologies and artificial intelligence (AI) solutions that support enhanced patient care.

Takeda Canada is looking for innovative solutions within the fields of early diagnosis or integrated and personalized care, applicable to the therapeutic areas of inflammatory bowel disease (ulcerative colitis or crohn’s disease) or rare genetic diseases (such as lysosomal storage disorders or hereditary angioedema).

The Takeda Canada Innovation Challenge opens on January 10, 2022 and will accept applications until February 6, 2022. Following a judging period, finalists will be announced on February 18, 2022 and offered a chance to present their innovative digital health solutions through a virtual presentation on March 4, 2022. The selected winner(s) of the challenge will be eligible to receive a direct response about collaboration at the end of the Challenge, the opportunity to benefit from Takeda’s internal expertise and international network of partners and suppliers, and funding from Takeda to build a proof-of-concept project with a relevant Takeda team (subject to a maximum funding amount available, successfully completing Takeda’s third party risk management due diligence process and entering into a funding agreement with Takeda Canada).

Takeda Canada invites all passionate, bold-thinking organizations that are eager to grow to view the full challenge details at: https://ichallenge.takeda.com/ct/ct_scheduled_campaign.php?c=74B4C4B2-3183-11EC-BE85-0AC2504B5CBD.

“We are incredibly excited about the launch of this initiative that directly supports two of our commitments at Takeda Canada, improving patient care and investing in homegrown innovation and talent,” said Rute Fernandes, General Manager, Takeda Canada. “Canada is an innovation hub of excellence and has exceptional talent and expertise, recognized globally. We know we can accomplish more by partnering with experts. Our objective with this campaign is to open doors for new innovation with entrepreneurial minds who may not have the resources to move their ideation into practice.”

Takeda has a strong heritage in the discovery of new medicines such as ENTYVIO^® and REVESTIVE^®which are tributes to the Canadian medical research community. ENTYVIO^® received the prestigious Prix Galien award for Canadian product innovation. Canadian clinical research – supported by Takeda – has enhanced our understanding of gastrointestinal organ functions leading to new classes of treatment such as REVESTIVE^®. Takeda focuses its efforts on patient needs, creating an innovation network that combines internal strengths with those of the external research community through collaborations and partnerships.

“Healthcare innovation is a critical component to enhancing and improving patient outcomes across our incredible health system,” said Dr. Jefferson Tea, Vice President, Medical and Scientific Affairs, Takeda Canada. “This initiative allows us to literally look outside the box and identify new ideas and make the next big innovation in patient care a near-future reality.”

No purchase necessary. For full challenge terms and conditions, click here.

Airborne L-Band SATCOM Market to Reach $1.22 Billion, Globally, by 2030 at 5.6% CAGR: Allied Market Research

January 10, 2022 Published by Roboticulized.com

Allied Market Research published a report, titled, “Airborne L-Band SATCOM Market by Platform (Commercial Aircraft, Wide-Body Aircraft, Narrow-Body Aircraft, Unmanned Aerial Vehicles, Military Aircraft, and Others), Component (Transceivers, Airborne Radio, Modems and Routers, SATCOM Radomes, SATCOM Terminals, and Others), Application (Government & Defense, and Commercial) and Installation Type (New Installation and Upgradation): Global Opportunity Analysis and Industry Forecast, 2021–2030.” According to the report, the global airborne L-Band SATCOM industry generated $0.73 billion in 2020, and is anticipated to generate $1.22 billion by 2030, witnessing a CAGR of 5.6% from 2021 to 2030.

Download Report (308 Pages PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/9566

Prime determinants of growth

Increase in demand for SATCOM on-the-move (OTM) solutions, rise in adoption in high-altitude, long endurance (HALE) and medium altitude, long endurance (MALE) UAVs for surveillance applications, and modernization of air traffic management system drive the growth of the global airborne L-Band SATCOM market. However, cybersecurity issues and backend operations hinder the market growth. On the other hand, development of ultra-compact SATCOM terminals and increase in demand for long-haul flights present new opportunities in the coming years.

Covid-19 Scenario

The outbreak of the Covid-19 pandemic led to the global lockdown, which in turn, forced the airborne L-band SATCOM providers to partially or completely shut their operations. This resulted in a loss in revenue.
Moreover, authorities started using airborne L-band SATCOM to broadcast messages & information about lockdown measures, especially in rural areas that lack open communication channels for health information.
However, governments & local authorities opted for the use of drones for surveillance to prevent people from gathering. They entered into multiple agreements with different companies for the implementation of L-band SATCOM services that can operate on a wider location.

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The commercial aircraft segment to maintain its leadership status throughout the forecast period

Based on platform, the commercial aircraft segment held the highest market share in 2020, accounting for around one-third of the global airborne L-Band SATCOM market, and is estimated to maintain its leadership status throughout the forecast period. This is due to major SATCOM companies being working together to create SATCOM solutions for the growing commercial aviation industry. However, the UAV segment is projected to manifest the highest CAGR of 7.5% from 2021 to 2030, owing to increase in demand for UAVs in various applications.

The new installation segment to maintain its lead position during the forecast period

Based on installation type, the new installation segment accounted for the largest share in 2020, contributing to nearly two-thirds of the global airborne L-Band SATCOM market, and is projected to maintain its lead position during the forecast period. This is due to rise in deployment of modern airborne SATCOM systems across commercial and military applications as well as increased demand for new commercial aircraft orders. Moreover, the upgradation segment is expected to portray the largest CAGR of 6.0% from 2021 to 2030, as the government and commercial aviation businesses are upgrading their existing aircraft to provide reliable mobile ad-hoc networking and data, voice, and picture communication beyond line-of-sight.

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North America to maintain its dominance by 2030

Based on region, North America held the highest market share in terms of revenue 2020, accounting for around one-third of the global airborne L-Band SATCOM market. This is due to an increase in demand for military satellite systems and equipment in the U.S. and Canada. However, the Asia-Pacific region is expected to witness the fastest CAGR of 6.6% from 2021 to 2030. This is due to increase in focus on strengthening various military industries in emerging nations such as China and India.

Leading Market Players:-

ASELSAN A.S.
Ball Corporation
Cobham Ltd
Honeywell International Inc.
Hughes Network Systems, LLC
Inmarsat Global Limited
Iridium Communications Inc.
Raytheon Technologies Corporation
Teledyne Technologies Incorporated
Thales Group
Viasat Inc.

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Similar Reports We Have on Aerospace & Defense Industry:

Airborne C-Band SATCOM Market by Platform (Commercial Aircraft, Wide Body Aircraft, Narrow Body Aircraft, UAV, Military Aircraft, Business Jet, Helicopter and Regional Transport Aircraft), Component (Transceivers, Airborne Radio, Modems & Routers, SATCOM Randomes, SATCOM Terminals and Others), Application (Government & Defense and Commercial), and Installation Type (New Installation and Upgradation): Global Opportunity Analysis and Industry Forecast, 2020–2030.

Airborne Ka-Band SATCOM Market by Platform (Commercial Aircraft, Wide Body Aircraft, Narrow Body Aircraft, UAV, Military Aircraft, Business Jet, Helicopter and Regional Transport Aircraft), Component (Transceivers, Airborne Radio, Modems & Routers, SATCOM Randomes, SATCOM Terminals and Others), Application (Government & Defense and Commercial), and Installation Type (New Installation and Upgradation): Global Opportunity Analysis and Industry Forecast, 2020–2030.

Airborne Ku-Band SATCOM Market by Platform (Commercial Aircraft, Wide Body Aircraft, Narrow Body Aircraft, UAV, Military Aircraft, Business Jet, Helicopter and Regional Transport Aircraft), Component (Transceivers, Airborne Radio, Modems & Routers, SATCOM Randomes, SATCOM Terminals and Others), Application (Government & Defense and Commercial), and Installation Type (New Installation and Upgradation): Global Opportunity Analysis and Industry Forecast, 2020–2030.

Airborne S-Band SATCOM Market by Platform (Commercial Aircraft, Wide Body Aircraft, Narrow Body Aircraft, UAV, Military Aircraft, Business Jet, Helicopter and Regional Transport Aircraft), Component (Transceivers, Airborne Radio, Modems & Routers, SATCOM Randomes, SATCOM Terminals and Others), Application (Government & Defense and Commercial), and Installation Type (New Installation and Upgradation): Global Opportunity Analysis and Industry Forecast, 2020–2030.

Airborne UHF-band SATCOM Market by Platform (Commercial Aircraft, Wide Body Aircraft, Narrow Body Aircraft, UAV, Military Aircraft, Business Jet, Helicopter and Regional Transport Aircraft), Component (Transceivers, Airborne Radio, Modems & Routers, SATCOM Randomes, SATCOM Terminals and Others), Application (Government & Defense and Commercial), and Installation Type (New Installation and Upgradation): Global Opportunity Analysis and Industry Forecast, 2020–2030.

Airborne X-Band SATCOM Market by Platform (Commercial Aircraft, Wide Body Aircraft, Narrow Body Aircraft, UAV, Military Aircraft, Business Jet, Helicopter and Regional Transport Aircraft), Component (Transceivers, Airborne Radio, Modems & Routers, SATCOM Randomes, SATCOM Terminals and Others), Application (Government & Defense and Commercial), and Installation Type (New Installation and Upgradation): Global Opportunity Analysis and Industry Forecast, 2020–2030.

Airborne SATCOM Market by Platform (Commercial Aircraft, Wide Body Aircraft, Narrow Body Aircraft, UAV, Military Aircraft, Business Jet, Helicopter and Regional Transport Aircraft), Component (Transceivers, Airborne Radio, Modems & Routers, SATCOM Randomes, SATCOM Terminals and Others), Application (Government & Defense and Commercial), Installation Type (New Installation and Upgradation), and Frequency (C-Band, L-Band, X-Band, Ka-Band, S-Band, Ku-Band and UHF-Band): Global Opportunity Analysis and Industry Forecast, 2020–2030.

IBM Welcomes LG Electronics to the IBM Quantum Network to Advance Industry Applications of Quantum Computing

January 10, 2022 Published by Roboticulized.com

IBM (NYSE: IBM) today announced that LG Electronics has joined the IBM Quantum Network to advance the industry applications of quantum computing.

By joining the IBM Quantum Network, IBM will provide LG Electronics access to IBM’s quantum computing systems, as well as to IBM’s quantum expertise and Qiskit, IBM’s open-source quantum information software development kit.

LG Electronics aims to explore applications of quantum computing in industry to support big data, artificial intelligence, connected cars, digital transformation, IoT, and robotics applications – all of which require processing a large amount of data.

With IBM Quantum, LG can leverage quantum computing hardware and software advances and applications as they emerge, in accordance with IBM’s quantum roadmap. By leveraging IBM Quantum technology, LG will provide workforce training to its employees, permitting LG to investigate how potential breakthroughs can be applied to its industry.

“Based on our open innovation strategy, we plan to use IBM Quantum to develop our competency in quantum computing,” said Byoung-Hoon Kim, CTO and Executive Vice President of LG Electronics. “We aim to provide customers with value that they have not experienced so far by leveraging quantum computing technology in future businesses.”

“We’re happy to welcome LG Electronics to a growing quantum computing ecosystem in Korea at an exciting time for the region,” said Jay Gambetta, IBM Fellow and VP, Quantum Computing at IBM. “The relationship between IBM and LG Electronics will permit LG to explore new types of problems associated with emerging technologies and will help strengthen the quantum capabilities in Korea.”

Quantum computing is an exciting evolution in computation. While classical computers calculate in bits that represent 0 and 1, quantum computers use qubits that harness quantum mechanical phenomena such as interference and entanglement in computation to solve problems that are fundamentally intractable for classical computers. As a result, quantum computing is well suited to help explore new approaches of solving problems like those in LG Electronics’ open innovation strategy including big data, artificial intelligence, connected cars, digital transformation, IoT, and robotics applications.

At the IBM Quantum Summit in November 2021, IBM recently unveiled its new ‘Eagle’ quantum computing processor with 127 qubits, a major step forward in IBM’s roadmap to reach Quantum Advantage.

There are more than 170 clients, including ‎ LG Electronics, Fortune 500 companies, start-ups, academic institutions and research labs working with IBM Quantum technology to advance ‎quantum computing and explore practical applications. The IBM Quantum team and clients are researching and exploring how quantum computing will help a ‎variety of industries and disciplines, including finance, energy, chemistry, materials science, ‎optimization and machine learning, among many others.

Quality and trust-focused Turkish automotive industry, “the most ideal partner” for United Kingdom

December 24, 2021 Published by Roboticulized.com

Having over half a century of experience in both production and supply, a qualified, young and dynamic workforce, a capacity to manufacture in high-quality standards, and competitive pricing, The Turkish automotive industry is a trusted partner in the global automotive industry.

Turkey is currently the world’s 14th largest manufacturer with 1.3 million units and Europe’s 2nd largest commercial vehicle manufacturer. Based on Eurostat, Turkey has exported over 1 million vehicles to EU countries in 2019, and it is the biggest motor vehicle exporter to the EU.

Hosting some of the production for well-known international automotive brands, including Ford, Mercedes, MAN, Hyundai, Toyota, Fiat and Renault, Turkey is also recognized for manufacturing commercial vehicles. It is one of the most prolific bus manufacturers in the world and ranks number one in Europe. Bus brands manufactured here include MAN and Mercedes-Benz, in addition to world-recognized Turkish brands, such as Karsan. Since 2000, OEMs have invested over 15 billion USD in their operations in Turkey.

Leading the Industry in Green Deal Compliance

As one of the most important commercial partners of the EU, compliance to the European Green Deal has gained great importance for Turkey during the last period. The Uludag Automotive Industry Exporters’ Association (OİB), the Turkish automotive industry’s only export coordinator, has been conducting significant work on compliance to the Green Deal. Chairman of the Board at OİB, Baran Çelik, states, “We are taking steps to improve Turkey’s compliance to the global value chain, and to increase its share in international investments. As a country that makes almost 80% of its automotive exports to European countries, we are planning on leading a 3-year project on increasing international competitiveness, titled Green Transformation in the Automotive Industry. Moreover, we are aiming to mitigate the negative effects of the Carbon Border Adjustment Mechanism that will be put into effect as part of the European Green Deal and help our exporters in making the necessary improvements.”

The Turkish automotive supplier industry can quickly adapt to the technological transformation

Albert Saydam, Chairman of the Board at TAYSAD, the Automotive Suppliers Association of Turkey, which is the sole representative of the Turkish automotive supply industry, states, “The automotive industry is experiencing a global transformation with the introduction of artificial intelligence, autonomous driving technology and electrical vehicles. New period, new rules, a new concept… The world is constantly changing, leaving us with more unknowns. As an automotive country, Turkey has the power to quickly adapt to this transformation thanks to its qualified workforce, its sound production and supply infrastructure, and strong competency and potential.”

A stronger period ahead for England and Turkey

With its know-how in production and supply and highly-qualified experts in the automotive industry, Turkey is interested in supporting automotive producing countries more strongly as of 2022, particularly England.

The Free Trade Agreement signed between Turkey and the UK on the last day of last year is significant, as it allows both parties to continue enjoying the benefits of tariff-free trading.

TOGG will strengthen the industry even more

Turkey’s Automobile Joint Venture Group Inc. (TOGG) further demonstrates that Turkey’s automotive and supplier industry is a strong player in the global digital transformation… Planned to be launched in 2022, Turkey’s domestic electric automobile, TOGG, will turn the Turkish automotive industry into a global leader that actively shapes the transformation in the sector with its innovative technologies.

MIYAVI and KLKTN Unveil “Month of MIYAVI” commemorating MIYAVI’s 20th anniversary debut

December 24, 2021 Published by Roboticulized.com

KLKTN (Kollektion), a curated NFT platform connecting artists with fans, today unveiled its upcoming “Month of MIYAVI,” a project that will commence from January 2022 on its platform (klktn.com). The project is part of a collaboration with MIYAVI that started in October 2021, where MIYAVI has been releasing a series of different NFTs on KLKTN.

“In celebration of MIYAVI’s 20th anniversary as an artist, we wanted to create a new kind of experience for MIYAVI’s fans,” said Jeff Miyahara, Chief Creative Officer of KLKTN. “The experience starts with a Holiday Virtual Party on December 25, 2021, a live virtual event hosted by MIYAVI and KLKTN where fans from the US, Japan and globally can participate online. If you are interested in participating in the “Virtual Holiday Party” – please click here:

Virtual Holiday Party – https://klktn.com/creators/miyavi/holiday-party

The “Month of MIYAVI” will officially commence on January 2, 2022, and it will be a month of curated events, drops and experiences, including an official “Fender guitar NFT” for MIYAVI’s Telecaster guitar, created in partnership with Fender. This unique NFT will be available for fans that purchase all 11 MIYAVI Moments NFTs on KLKTN. These lucky fans will also go into the draw to be randomly selected to win the actual Telecaster guitar as a prize.

In addition, fans that have become members are also invited to participate in a private Discord* channel which will provide up-to-date information on all the activities that are happening in the “Month of MIYAVI.”

Rise of Digital Lending: SimplyCash increases credit accessibility to credit-deserving Indians

December 24, 2021 Published by Roboticulized.com

As India continues to evolve and grow as an economy, financial inclusion has become extremely important to the country. This entails providing affordable and accessible financial services to a wider bandwidth of people across the social spectrum. That is exactly what new-age fintech lenders like SimplyCash have managed to accomplish. Leveraging cutting-edge technology, instant personal loan apps like SimplyCash have been able to solve pain points that consumers face across the lending value chain by offering easier access to credit, faster decisions and prompter credit.

In the process, digital lending has become an enabler of India’s goal of financial inclusion.

How Digital Lending is Changing the Credit Landscape in India

One of the new breed of technology-driven lenders, SimplyCash (powered by Hero FinCorp) focuses on using advanced technology to create a seamless user experience and drive operational efficiency. Here is how technology is making the difference for these lenders and helping drive digital lending.

1. Use of Alternative Credit Decisioning Models that Help Crunch Time

Digital lenders like SimplyCash rely on alternative credit decisioning (ACD) models that enable them to rely on non-traditional credit data such as purchasing behaviour, transaction preferences, social and geographical data analysis, and more. The ACD approach not only assists them in risk assessment but also simplifies the underwriting process by eliminating the need for physical documentation.

2. Use of Advanced Technologies and Tools for Better Recovery

By leveraging artificial intelligence and machine learning into their downstream lending activities, new age lenders are improving their collection and delinquency management techniques. SimplyCash, for eg, uses technology to help minimise EMI bounce rates by ensuring that customers get regular email and SMS reminders.

3. Minimal Online Customer Interaction

Since digital footprint and third party data is used for verification and eligibility criteria (main drop-off points that are key to the traditional lending process), there is minimal interaction needed with the customer. It also slashes operational costs for the lender.

4. Use of Easy and User-friendly Digital Platforms

The whole process happens through easy and customer-friendly user interfaces. Take for eg the SimplyCash app, which is designed to enhance the total customer experience while maintaining transparency.

Widespread Reach and More Power to Consumers

The power of digital lending could be easily witnessed through the SimplyCash app. As India faced the brunt of the COVID-19 pandemic and people desperately searched for instant personal loans for home improvement, business expansaion, education and other financial emergencies, SimplyCash delivered with speed. Its cutting-edge tech platform has also enabled it to reach out to the most distant parts of India, where traditional lenders are reluctant to lend.

As the lending landscape changes in India, thanks to technology-driven players such as SimplyCash, it is also expected to narrow down the credit gap of India. To put things in perspective, India’s household debt contribution to GDP currently stands at just 12.4% (as per ceicdata.com), vastly lower than its neighbour China (62.1%), or say Japan (65.2%), Malayasia (93.2%) or for that matter UK (96.6%).

“We were successfully able to disburse Rs 200 crores in 10 months. Because of technology, we could lend to various clusters of credit-deserving people who did not have quick access to money. That is the goal of SimplyCash—to make credit accessible to all credit-deserving Indians who have been underserved so far,” says Prashant Chopra, National Manager, Digital, Hero FinCorp.

Ritchie Bros. sells US$41+ million of equipment in its largest-ever Chehalis, WA auction

December 23, 2021 Published by Roboticulized.com

Ritchie Bros. has just completed its largest-ever auction in Chehalis, WA, selling 2,600+ equipment items and trucks for 500+ owners and generating US$41+ million in gross transaction value.

The December 21, 2021 online auction attracted 9,950 bidders from 58 countries, which is a 27% increase year over year and a new record for the Chehalis site. Approximately 95% of the assets in the auction were purchased by U.S. buyers, including 33% sold to buyers from Washington State. The remaining 5% was sold to international buyers from as far away as France, Honduras, and Vietnam. Leading up to the auction, Ritchie Bros. saw a 44% increase in online equipment views, while pageviews were up 18% year over year.

“We’ve had a fantastic year in the Pacific Northwest with strong pricing across all our marketplaces and have capped it off with our largest Chehalis auction ever,” said Griffin Squires, Regional Sales Manager, Ritchie Bros. “Transportation and excavation equipment continues to bring record prices. We also saw strong returns for a fantastic forestry package we signed up early. It’s a seller’s market right now, so I encourage anyone with surplus equipment to contact us today.”

Equipment in the December online Chehalis auction was sold from four locations, including satellite yards in Spokane, WA; and Wasilla, AK; and an owner’s property in Billings. MT. Highlights included 140+ truck tractors, 75+ excavators, 40+ loaders, 35 dozers, and more—all items were sold without minimum bids or reserve prices.

“We would like to thank all the customers who participated in our auctions and marketplaces in 2021,” added Mr. Squires. “For any last-minute end-of-year purchases, I encourage you to check out our Marketplace-E and Ritchie List platforms today. We will be back with our next Chehalis auction in March 2022!”

5 Big Sellers from the December Chehalis event:

2018 Peterson 5710D tracked horizontal grinder – US$795,000
2020 Vermeer WC2500TX tracked chipper – US$340,000
2011 Caterpillar 988H wheel loader – US$305,000
2015 Aspen HHT/RL tri-axle removable gooseneck 75-ton lowboy – US$275,000
2019 Caterpillar 330 hydraulic excavator – US$260,000

2021 Pacific Northwest Marketplace-E sales highlights:

2015 Caterpillar 390FL excavator – US$435,000 – sold July 2021
2006 Potain tower crane – US$375,000 – sold November 2021
2016 Volvo L350F wheel loader – US$270,000 – sold November 2021
2004 Gomaco Commander III concrete paving equipment – US$315,000 – sold February 2021
2016 Ponsse C50 logging processor – US$270,000 – sold June 2021

AUCTION QUICK FACTS: CHEHALIS, WA (DECEMBER 21, 2021)

Gross Transaction Value (GTV): US$41+ million
Total Registered Bidders: 9,950
Total Number of Lots: 2,600+
Total Number of Consignors: 500+

Greenko breaks into the top three ranking of the 100 global Green Utilities in the latest Energy Intelligence Report 2021

December 23, 2021 Published by Roboticulized.com

Greenko Group, a leading global Indian company in energy transition, has been ranked third in the prestigious ‘Top 100 Green Utilities’ annual league table prepared by Energy Intelligence, an independent US consulting firm specializing in energy markets.

Greenko is the first Indian company to break into the top 10 of the coveted listing, which recognises companies leading the transition to a low carbon future. Among other Indian companies listed, NHPC is 25th, NPCIL at 33rd and Tata Power at 78^th.

‘Top 100 Green Utilities’ selects 100 of the world’s largest electricity production companies and ranks them according to their CO2 emissions and their installed renewable energy capacity, to determine how much each group contributes to achieving a low-carbon electricity system. To assess their ‘greenness, each utility is evaluated for direct carbon dioxide emissions per megawatt hour of electricity produced and a measure of a company’s renewable energy capacity in gigawatts and in proportion to total capacity.

Greenko and others in the top 10 hold between half and all of their generating capacity in carbon-free technologies. Together, they own about 320 GW or 77% of carbon-free capacity — including 35% in non-hydro renewables, 27% in hydropower and 14% in nuclear. These 10 companies together boast average emissions of just over 100 kg CO2/MWh. This is 85% less than the top 10 companies from 2011, the first year that the widely watched ranking was published.

The need for clean energy transition is critical in Asia which accounts for almost half of global energy demand and is today the world’s highest emitting region. Emerging Asian economies are still largely coal dependent with it remaining the predominant source of energy. Clean energy deployment in this region will thus be vital for controlling emissions for heavy power consuming economies and keeping their communities healthy. Though renewable energy efforts continue to grow across Asia it also requires a concerted effort by governments, energy companies and investors to drive this further and faster.

Greenko has launched several Integrated Renewable Energy Storage Projects in multiple Indian states by providing utility-scale, clean and affordable energy to meet the country’s long-term energy security needs. With an operational portfolio to 7.3 giga watt (GW), Greenko has India’s largest operational clean energy portfolio.

This week Greenko also raised $940 from a bond issue, attracting investors from Asia, US and especially Europe who typically regard India’s renewable commitment as progressive and pioneering. Till date Greenko has raised $4.44 billion from dollar bonds, pioneering the green bond structure.

Greenko, whose investors include sovereign funds from Singapore and Abu Dhabi, strengthened its energy transition credentials this month when it announced a partnership with Belgium’s John Cockerill, a world-leading manufacturer of high-capacity alkaline electrolyzers, to jointly develop market initiatives for green hydrogen electrolyzers in India. The partnership will enable the production of the lowest cost green hydrogen, with the manufacture of electrolyzers at scale in India, within the next year, and in turn support the faster adoption of a green molecule-related ecosystem in India, hastening the energy transition that companies and countries are undertaking worldwide.

The Indian company is already building capacity to cater to the rapidly evolving green hydrogen market globally. Leveraging India’s ample and diversified base of renewables generation alongside its own long-duration storage projects to provide uninterrupted renewable energy, Greenko aims to deliver internationally cost-competitive green hydrogen and associated green molecules. John Cockerill is developing the world’s highest capacity electrolysers (6+MW) and manufacturing facilities across the globe.

Greenko’ s ambitions support PM Narendra Modi’s vision of making India a global hydrogen hub. Industrial green hydrogen is part of the carbon-free energy mix that India is committed to achieving to reach its recently announced goal of net zero emissions by 2070, laid out by the PM at COP26 in Glasgow.

Development of Various Fiber-Optic Chemical Sensors for Analytical Applications is Supporting Revenue Growth of Chemical Sensors Market: Reports and Data

December 23, 2021 Published by Roboticulized.com

Reports and Data has published its latest report titled “Chemical Sensors Market By Product Type (Optical, Electrochemical, Catalytic Bead), By Application (Medical, Industrial, Environment Monitoring, Defense and Homeland Security), and By Region, Forecast to 2028.”

According to the latest report, the global chemical sensors market size was USD 21.85 billion in 2020 and is expected to reach USD 38.35 billion in 2028 and register a revenue CAGR of 7.3% during the forecast period, 2021-2028.

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Drivers, Restraints, and Opportunities

Chemical sensors are defined as devices comprising recognition and transduction elements and a signal processor capable of continuously reporting chemical concentrations. Chemical sensors can effectively convert chemical information into a measurable signal and are widely used for detecting and monitoring physical and chemical properties of various substances. Increasing expansion and advancements in sensor research has led to the introduction of nanoelements in chemical sensors, and this has significantly contributed to revenue growth of the market in the recent past. Increasing research to expand application scope of chemical sensors in detection of toxins in groundwater, biotoxins in public settings, and vehicle emissions, among others, is another key factor expected to drive market revenue growth over the forecast period.

Chemical sensors are devices that can convert chemical signal into analytic ones and provide advantageous options for a wide range of applications in terms of simplicity, time, and cost-effectiveness. Chemicals sensors are often used for control and surveillance, which can enable assessment of various biological and chemical components to gather crucial information. Optical, electrochemical, magnetic, mass, and thermal are some types of chemical sensors. Over the recent past, introduction of nanomaterials into chemical sensors and biosensors have led to significant improvements in their functioning. Chemical sensors are a complex system and are designed with an optimized manner for a particular substance, and depending on properties of different chemicals, the sensors react and produces some electrical signal. Chemical sensing can be through direct reading based and using chromatographic and electrographic samples. Sensitivity and selectivity are the two most important features of chemical sensors, and these sensors can detect 10⁻⁹ M concentrations or less.

Chemical sensors include detection of toxic chemicals, biomolecules, and gases. Chemical sensors are also used for clinical and medical applications such as detection of glucose, pregnancy and ovulation tests, ELISA, and western blot analysis. These features have further boosted use of chemical sensors across environmental, chemical, and clinical sectors, and is a key factor expected to contribute to revenue growth of the market going ahead. However, limited shelf life of electrochemical sensors and challenges associated with chemical sensor research are some key factors expected to restrain market growth to a certain extent over the forecast period.

To identify the key trends in the industry, research study at https://www.reportsanddata.com/report-detail/chemical-sensors-market

COVID-19 Impact Analysis

Social distancing and restrictions severely disrupted businesses and operations
Lockdowns caused disruptions in transportation and logistics
Impacted manufacturing activities and mining operations globally
Resulted in raw material shortage and manufacturing slow-down
Took a toll on economy of various countries
Caused sudden and drastic downturn in economic activity
Disrupted agriculture, fisheries, dairy, and other sectors
Caused loss of employment and financial crisis
Supply impacts were further compounded owing to reduced disposable income
Emergence of variants continue to cause concerns and impact normal routines

Electrochemical Segment to Account for Largest Revenue Share:

Electrochemical segment is expected to account for largest revenue share over the forecast period, attributable to increasing use of electrochemical sensors due to high selectivity, portability, low power requirements, and a wide linear range. In addition, electrochemical sensors can lower the deployment costs of sensors through mass production, and this is expected to further boost revenue growth of this segment going ahead.

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Industrial Segment to Register Significant Revenue Growth:

Industrial segment is expected to register significantly rapid revenue growth over the forecast period, attributable to increasing use of chemical sensors in processing and automotive industries, growing need for process and quality control in various fields such as automotive, food, and oil & gas industries, and rising preference for chemical sensors due to numerous advantages.

North America to Lead in Terms of Revenue Share:

North America is expected to account for largest revenue share over the forecast period, attributable to increasing research and development activities to advance and enhance performance of chemical sensors, rising demand for lightweight vehicles, growing focus on reducing emissions, and increasing focus on improving safety of industrial operations.

Asia Pacific to Register Robust Revenue CAGR:

Asia Pacific market revenue is expected to expand at a robust revenue CAGR over the forecast period, attributable to increasing utilization of chemical sensors across various end-use industries due to cost-effectiveness, rising investment to accelerate healthcare and biomedical research due to high prevalence of chronic diseases, and growing focus on reducing environmental pollution and toxic emissions.

Major Companies in the Market Include:

Thermo Fisher Scientific
Bayer
General Electric Co.
Hans Turck GmbH & Co. KG
Honeywell International Inc.
ABB Ltd.
ATI Airtest Technologies
Sick AG
Siemens AG
Robert Bosch

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Market Segmentation:

For the purpose of this report, Reports and Data has segmented the global chemical sensors market based on product type, application, and region:

Product Type Outlook (Revenue, USD Billion; 2018-2028)

Optical
Electrochemical
Catalytic Bead
Others

Application Outlook (Revenue, USD Billion; 2018-2028)

Medical
Industrial
Environment Monitoring
Defense and Homeland Security
Others

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Regional Outlook (Revenue, USD Billion; 2018-2028)

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Sweden
- BENELUX
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
Latin America
- Brazil
- Rest of LATAM
Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Israel
- Rest of MEA

Some points on how the report benefits stakeholders:

The reports include historical (2018–2020) and forecast (2021–2028) data points, revenues, and CAGR in table, figure, and chart formats, with detailed and qualitative, supporting written information for each.
Revenue break-up is provided for each segment in these formats for global, regional, and for each country in the respective region for each year between 2018 and 2028.
The report contains insights regarding growth drivers, restraints, opportunities, trends, company profiles, strategic developments, expansion details, product launches, and various other aspects related to the market.
The report contains data and information on customers, competitors, vendors/distributors, and other players and in the global marketplace.
Market research analysis is vital for all crucial business strategies and can aid in numerous ways and to provide a clearer understanding about strategies being deployed by competitors, product launches, competitive analysis, technological advancements and various other factors that enhance sales of a firm or perhaps provide insights to focus on merger and acquisition as a strategy or enter into strategic agreements or joint ventures etc.
The report contains company profiles of the top companies operating in the market along with their respective revenue and operating segments, geographical reach, market footprint, headquarters, growth rates, recent developments, product /services, expansion strategies, investments in expansion, and more.

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CLPS Incorporation Announces Strategic Cooperation with Yusys Technologies

December 23, 2021 Published by Roboticulized.com

CLPS Incorporation (Nasdaq: CLPS) (“CLPS” or “the Company”), announced today that its majority-owned subsidiary, JAJI (Shanghai) Co., Ltd. (“JAJI”), has entered into a strategic cooperation agreement (the “Agreement”) with Beijing Yusys Technologies Co., Ltd. (“Yusys Technologies”, 300674.SZ). Both parties will jointly conduct fintech-based initiatives including product promotion, project delivery and IT personnel training.

Headquartered in Beijing, Yusys Technologies is an A-share company listed on the Shenzhen Stock Exchange. It provides fintech services and products such as IT consulting and planning, software products, solutions and implementation, operation, maintenance and testing, system integration and business operation for financial institutions.

Under the Agreement, both parties intend to capitalize each other’s competitive advantage in fintech to optimize and eventually achieve the cooperation’s goals. JAJI’s capability in providing comprehensive training programs tailored to IT talents will be integrated to complement Yusys Technologies’ business model. Leveraging the high-quality overseas resources of its parent company, CLPS, JAJI also plans to provide business development and marketing support to Yusys Technologies’ fintech products and services in overseas market. Meanwhile, Yusys Technologies can make use of and promote JAJI’s well-established IT consulting services subject to the demand for domestic projects. Both parties also agreed to remain open to capital partnership opportunity, including but not limited to the establishment of domestic and foreign joint ventures that will pave the way for business expansion.

Mr. Oscar Yuan, General Manager of JAJI, said, “Yusys Technologies’ credit management system, asset management platform and data products maintain high market share in the domestic fintech industry. By exploring and sharing information on each other’s products and services, this cooperation will mutually benefit both in complementing each other’s advantages to further expand the global fintech services market and business.”

Mr. Raymond Lin, Chief Executive Officer of CLPS, said, “We are very honored to enter into a strategic cooperation with Yusys Technologies. Interactions with leading companies in the industry not only help us to enhance our competitiveness in the fintech services market, but also give us confidence in the future development of JAJI on its way to entering the capital market.”

Mr. Zhongcheng Ouyang, Chief Executive Officer of Yusys Technologies, said, “In the recent years, Yusys Technologies is committed to delivering top-notch financial information software products conformed to overseas market. We are confident that our cooperation with CLPS, through JAJI’s vast international sales network and localization delivery team, we will be able to diverge and expand our overseas market footprint. Meanwhile, JAJI has previously announced its IPO plan on the National Equities Exchange and Quotations and the Beijing Stock Exchange, which reflects its upward momentum for future development. Lastly, through the Belt and Road Initiative, our strategic cooperation with JAJI will enable both parties to export China’s financial digital products to global market.”

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