Tag: Artificial Intelligence

animoca-brands-raises-us$88,888,888-based-on-valuation-of-us$1-billion

Animoca Brands raises US$88,888,888 based on valuation of US$1 billion

May 13, 2021 Published by

 

Animoca Brands, the company that is delivering digital property rights to gamers via NFTs, today announced that it has completed a capital raise of US$88,888,888 (approximately A$113,500,000) at a price per share of A$1.10 based on a valuation of US$1 billion (approximately A$1.28 billion).

Investors in the round included Kingsway Capital, RIT Capital Partners (formerly Rothschild Investment Trust), HashKey Fintech Investment Fund, AppWorks Fund, LCV Fund, Huobi, Octava, Ellerston Capital, Perennial, Axia Infinity Ventures, SNZ, Liberty City Ventures, Metapurse, and other prominent investors.

The funding is a strategic milestone that positions Animoca Brands for further aggressive growth as it continues to bring digital property rights to video gamers through the use of blockchain and non-fungible tokens (NFTs), enabling powerful benefits such as play-to-earn capabilities and digital asset interoperability.

The new capital will also be utilized to fund further acquisitions, develop new products, continue to make strategic investments, and secure additional licenses for popular intellectual properties to cement Animoca Brands’ leadership and that of its various subsidiaries in the NFT and gaming spaces.

Following the success of its blockchain game titles including F1® Delta Time, The Sandbox, and MotoGP™ Ignition, as well as the launches of their associated tokens, including REVV and SAND, Animoca Brands has emerged as a leading force in the field of blockchain, NFTs, and games, having already made highly successful investments in Dapper Labs, Opensea, Bitski, Axie Infinity, and many others.

With the recent launch of the GAMEE, TOWER, and LMT tokens, Animoca Brands is trailblazing the use of blockchain-based in-game rewards, creating innovative new ways to monetize video games – a market estimated to be worth US$179.7 billion in 2020 (source: IDC, 2020).

To commemorate the achievement of its unicorn status, Animoca Brands is issuing an NFT to investors, key partners, and supporters who helped make this moment possible.

Management commentary

Yat Siu, co-founder and chairman of Animoca Brands, commented: “We are deeply honoured to have secured Kingsway, RIT, Hashkey, Huobi, Ellerston, Perennial and other strategic investors who share our vision for NFTs redefining equity and property rights online. This strategic capital raise firmly establishes Animoca Brands as one of the leading and most valuable companies in the NFT space, not just in Asia but globally.”

Manuel Stotz, the founder and CEO of Kingsway, said: “Having spent nearly a decade investing in Emerging and Frontier Markets, we have first-hand experience of the power of disruptive technologies. The emergence of digital property rights, whether via Bitcoin or NFTs, is perhaps the greatest opportunity for financial inclusion for the bottom ~3 billion Frontier & Emerging Market consumers, as well as an opportunity for a more decentralised and thus more equitable global Internet. We are proud to support Yat and his talented team at Animoca Brands in making this vision a reality and are honoured to co-invest alongside such a world-class roster of global investors.”

Ashok Jacob, Ellerston Capital’s executive chairman and portfolio manager, said: “Yat can explain his vision succinctly and has demonstrated an extraordinary ability to execute. Through a combination of true ownership of digital assets and rewarding users for engaging in activity that increases the value of a network, web 3.0 promotes a much more equitable economic model and incentive structure for the Internet. Animoca Brands is at the forefront of ushering in this evolution that will lead to an explosion of the digital economy and more equitable flows of money and power on the net.”

Deng Chao, the CEO of HashKey Group, commented: “We always maintained that gaming would be one of the first massive adopters of blockchain, and Animoca Brands is definitely the top game changer in this field. As a blockchain-focused gaming company, it not only has a deep understanding of blockchain games and NFTs, but also strong development abilities in traditional games. With its many achievements and brands, Animoca Brands is redefining property rights for gamers and paving the way toward a new era for gaming. We are delighted to be an investor in Animoca Brands, and together we look forward to adding value to the blockchain gaming sector.”

Details of capital raise

Animoca Brands has entered into and completed Subscription Agreements with various institutional and professional investors (“Investors”) to raise a total of US$88,888,888 (approximately A$113,500,000) via the issue of 93.4 million new ordinary fully paid shares of Animoca Brands at a subscription price of A$1.10 per share. The raise was conducted based on a valuation of Animoca Brands of US$1 billion (approximately A$1.28 billion).

Animoca Brands’ corporate advisor Simon Doherty of Taylor Collison and Everest Ventures Group advised on and assisted with this capital raise.

the-kroger-co.-zero-hunger-|-zero-waste-foundation-announces-second-innovation-fund-cohort

The Kroger Co. Zero Hunger | Zero Waste Foundation Announces Second Innovation Fund Cohort

May 13, 2021 Published by

 

The Kroger Co. (NYSE: KR) Zero Hunger | Zero Waste Foundation (“Foundation”) today announced the second cohort of its Innovation Fund (“Fund”). From a pool of more than 145 applicants, the Fund selected 10 startups to receive a total of $2.5 million in funding to launch innovative new consumer products made with surplus food or food byproducts and technologies to advance the upcycled food industry.

“Enabling early-stage innovation is critical to our mission to create more resilient communities that are free of hunger and waste,” said Denise Osterhues, president of The Kroger Co. Zero Hunger | Zero Waste Foundation. “The Innovation Fund is designed to support game-changing ideas for building a more efficient and sustainable future food system for people and our planet. The pandemic and its continued impacts are a constant reminder that our country cannot afford to waste surplus food any longer.”

The Foundation – in collaboration with Village Capital, the largest supporter of impact-driven, seed-stage startups in the world; and the Fund’s Advisory Committee – carefully reviewed and selected 10 startups to be part of the second cohort.

Each of the 10 startups selected will receive $100,000 in upfront seed grant funding, totaling an initial $1 million investment. As part of the Fund’s development program, the startups will participate in a virtual workshop focused on investment readiness, technical skill development and networking with a community of investors and mentors in and around the food system. The innovators will have exclusive access to the Foundation and Village Capital’s leaders and partners, as well as the option to apply for follow-on funding.

After achieving program specific milestones, cohort members will each be eligible for an additional $100,000 grant from the Fund to support their growth. At the end of the six-month milestone development period, two startups will be selected by their cohort peers for an opportunity to receive an additional $250,000 in funding.

The strength of this cohort lies in its diversity. The Foundation and Village Capital are relentlessly focused on supporting founders with lived experience in the problems they’re solving. 80% of startups in the program have a female founder or co-founder, 60% have a Black, Asian, and/or Latinx founder and 60% are headquartered outside of California, Massachusetts and New York.

The second cohort features:

  • Agua Bonita (Hanford, California) makes a ready-to-drink aguas frescas from upcycled produce and served in culturally inspired and recyclable cans.

  • Grain4Grain (San Antonio, Texas) uses patent pending technology to upcycle brewers spent grain into a low-carb, high-protein and high-fiber flour.

  • Husky Beverages (West Palm Beach, Florida) is an innovative brand featuring the healthy superfruit of coffee, debuting in early 2021 with a sparkling tea made from the “husk” of organic, upcycled coffee fruit.

  • Journey Foods (Austin, Texas) is a portfolio intelligence company that solves food science and supply chain inefficiencies with software to help companies direct more surplus food to those who need it.

  • Matriark Foods (Nyack, New York) upcycles farm surplus and fresh-cut remnants into healthy affordable products for institutional foodservice, diverting food from landfills while feeding communities the healthy food they deserve.

  • NETZRO (Minneapolis, Minnesota) is a food tech platform for recovering industrial byproducts at scale that would otherwise be wasted into new upcycled ingredients.

  • reBLEND (Denver, Colorado) is a line of frozen smoothie pops packed with fruits + veggies + superfoods and a bold mission to tackle food waste by re-harvesting produce that would typically be discarded.

  • Renewal Mill (Oakland, California) upcycles byproducts from food manufacturing into superfood ingredients and premium, plant-based pantry staples.

  • Take Two (Portland, Oregon) is a plant-based food company that creates second chances by using Rejuvenated Barley™, upcycled spent grain from beer production, to craft our products, including a line of nutritious barley milks.

  • The Spare Food Co. (New York, New York) is an upcycled food tech platform that creates foods and drinks using overlooked and unused ingredients sourced from growers and food processors.

“We are incredibly impressed by this new group of creative thinkers and innovators tackling the upcycled food frontier,” said Sunny Reelhorn Parr, executive director of The Kroger Co. Zero Hunger | Zero Waste Foundation. “The Foundation is excited to collaborate with Village Capital to support the second cohort of innovators who are elevating food to its highest use and disrupting the linear supply chain. At scale, each of these solutions have the potential to create systems-level change, improve inefficiencies and prevent food waste.”

The Foundation welcomed its first Innovation Fund cohort in 2019, awarding a total of $1 million to accelerate programs and solutions developed by startups Food Forest, Imperfect Foods, mobius, Replate, Ripe Revival, Seal the Seasons and Winnow.

“Recent data shows that an annual investment of $14 billion over the next ten years can reduce food waste by 45 million tons each year,” said Kelly Bryan, manager of sustainability practice at Village Capital. “We are providing funding and wraparound development and mentorship opportunities to provide these entrepreneurs and future food industry leaders the very best start possible for their businesses.”

tyvak-announces-ret-us-navy-rear-adm-c-d.-“boris”-becker-as-chief-executive-officer

Tyvak Announces Ret. U.S. Navy Rear Adm. C. D. “Boris” Becker as Chief Executive Officer

May 13, 2021 Published by

 

Tyvak Nano-Satellite Systems, Inc. (“Tyvak”), a Terran Orbital company and leading provider of next-generation, turnkey satellite solutions, is pleased to announce it named retired U.S. Navy Rear Admiral Christian “Boris” Becker as its Chief Executive Officer.

Tyvak Announces Ret. U.S. Navy Rear Adm. C. D. “Boris” Becker as Chief Executive Officer

Admiral Becker brings more than 33 years of leadership in the Navy and Department of Defense to his new role, and an extensive knowledge of global satellite and communication networks.  He most recently served as the Chief Executive of the Naval Information Warfare Systems Command (NAVWAR), where he led an 11,000-person global organization responsible for the design, delivery and supporting logistics of the U.S. Navy’s global satellite and communications networks and enterprise-wide business systems.  His career includes leadership positions supporting the Naval Air Systems Command (NAVAIR), the Space and Naval Warfare Systems Command (SPAWAR) and the National Reconnaissance Office (NRO). Admiral Becker has received numerous professional awards including the NRO and the Department of the Navy Distinguished Service Medals.

“We are thrilled to welcome Admiral Becker to the Tyvak team,” said Terran Orbital Chief Executive Officer Marc Bell. “His proven leadership and rich background in satellite systems and U.S. defense and intelligence requirements add tremendous value to our growth strategy. He deeply understands the needs of our customer base and his appoitment reinforces Tyvak’s commitment to provide a full suite of satellite solutions to our customers in the U.S. and across the globe.”

“I am honored and excited to be part of the Tyvak family,” Becker commented. “This is a great team focused on delivering game-changing solutions to the most challenging problems our customers face.  The demand signal for space-based solutions is enormous and Tyvak is uniquely positioned to serve those growing needs.”

viewmind-inc-announces-appointment-of-chief-executive-officer

ViewMind Inc Announces Appointment of Chief Executive Officer

May 13, 2021 Published by

 

The medical device, digital health and artificial intelligence company ViewMind, today announces that Mark Edwards has been appointed CEO. Mark has been involved with ViewMind since 2019 in the role of Chairman and Co-founder, and will take on his new position with immediate effect.

The appointment comes as ViewMind moves to rapidly expand and scale with its award-winning breakthrough technology. ViewMind has pioneered an affordable, reliable and accessible digital biomarker for cognitive health. ViewMind’s digital biomarkers are able to diagnose, monitor and screen for Alzheimer’s up to 20 years before symptoms. This empowers individuals to make changes to their lifestyle (e.g. FINGERS protocol), that could alter the disease progression and enable pharmaceutical companies to identify subjects in the very early stages of the disease who would be most responsive to new drug treatments – a previously elusive cohort.

ViewMind has also developed digital biomarkers for other neurocognitive diseases including Parkinson’s Disease (PD), multiple sclerosis (MS) and Long COVID, to quantify the neurocognitive impact of these diseases that could lead to improved monitoring, treatment and patient outcomes.

Mark Edwards, CEO, ViewMind Inc, “I’m excited to be leading ViewMind and working with a fantastic team to help pioneer vital advancements in cognitive health diagnostics. According to the WHO, the number of individuals with Alzheimer’s will double every 20 years representing one of the most significant global health challenges, which cost $1 trillion a year in care cost in 2018 and is expected to increase to $2 trillion a year by 2030. By developing an affordable, reliable, non-invasive and accessible breakthrough digital biomarker, ViewMind can help doctors diagnose a patient’s future cognitive health, empowering them to take control and appropriate actions.”

Nicolas Tognalli, Managing Partner of CITES, an early lead investor in ViewMind, “Mark has over 25 years of international business experience building market leading technology businesses and we’re excited to see him take ViewMind on the next stage of its journey and global expansion. We are confident that Mark’s background and experience in AI and innovative technologies will help ViewMind continue to help revolutionize the diagnosis and treatment of cognitive diseases.”

As an entrepreneur and veteran of the technology industry with 25 years of international CEO and board experience, Mark has led technology businesses at the forefront of AI, software and hardware development. He has helped grow businesses at various stages from start-up to $250M revenue divisions of public companies including; Hewlett Packard [HPQ, HPE], Microsoft [MSFT], Mformation Inc (acquired by Nokia [NOK]), Psion Computers PLC, Spring Group PLC (Acquired by Adecco [AHEXY]), Oculi Inc, Symbian PLC (Acquired by Nokia [NOK]) and TrackWithEase Inc. and he has co-founded 7 technology companies.

Mark holds a 1st Class Bachelor’s Degree in Electronic and Computing Engineering from the University of Birmingham, UK.

cb-insights-invites-fractal-to-speak-at-its-tech-market-event-for-p&c-insurance

CB Insights Invites Fractal to speak at its Tech Market event for P&C Insurance

May 12, 2021 Published by

Fractal, (fractal.ai), a global leader in artificial intelligence and analytics, powering decisions in Fortune 500 companies, today announced its participation in CB Insights Tech Market: Digitizing P&C Insurance taking place on May 13-14th 2021. Fractal’s Chief Practice Officer for Insurance and Technology, Sankar Narayanan, will be speaking at “Tech Showcase: Computer Vision for Underwriting & Claims“. The event will bring together over 400 top executives and insiders for discussions and presentations on some of the most pressing needs and innovative solutions.

The talk will feature Fractal’s Image and Video Analytics (IVA) solution and demonstrate how it enables #betterdecisions for P&C Insurers. IVA is Fractal’s deep-learning based solution that is used by insurers to analyze images/videos/complex documents at scale, during underwriting and claims stages. During underwriting, it is used to assess value and estimate coverage with precision and during claims it is used to assess severity and estimate settlement amount, at speed. IVA has been ranked as one of the differentiated products in The Forrester Wave on Computer Vision Consultancies, 2020. More details on the solution can be found here

IVA  reduces inefficiencies and limitations that Insurers are facing today as it requires significantly lesser training data (one of the biggest problems associated with computer vision solutions), has anywhere deployment to allow “Ambient Intelligence”/ “Embedded AI” so that the algorithms can scale cross embedded systems (devices/IoT systems) / cloud and hybrid architecture and incorporates two patents (a) patent for hierarchical classifiers of DL architecture and (b) self-supervised learning for identifying patterns.

“Improved effectiveness and increased efficiency lead to Better Decisions”, said Sankar Narayanan, Chief Practice Officer – Insurance, Banking & Technology, Fractal. “Insurers are dealing with many impeding factors such as legacy technology, data inconsistencies, and process friction in addition to the external pressures caused by the prevailing interest rate environment and nimbler competitors.  Computer Vision techniques offer great promise in leveraging alternative data sources to reduce underwriting and claims cycle time, and digitize parts of the process, leading to lower expense ratios and better customer experience. I look forward to the opportunity to discuss these challenges and solutions alongside so many great minds at this year’s CB Insights Tech Market”.

mission-secure-introduces-industry-first-–-continuous-“ot-security-score”-helping-critical-infrastructure-companies-proactively-stop-ot-cyber-threats

Mission Secure Introduces Industry-First – Continuous “OT SECURITY SCORE” Helping Critical Infrastructure Companies Proactively Stop OT Cyber Threats

May 12, 2021 Published by

 

Mission Secure, the leading industrial control system (ICS) cybersecurity technology company, today announced major upgrades to its OT Cybersecurity Platform, including an industry-first “OT SECURITY SCORE” enabling customers to efficiently focus resources on activities delivering the biggest impact for the next dollar or hour spent. Other new innovative features enable faster, more efficient incident investigations and response, and dramatically improved bandwidth utilizations enabling deeper cybersecurity in control system networks relying on low bandwidth cellular and satellite communications.

Mission Secure is actively deploying these upgrades to both its existing defense and commercial clients in oil and gas, maritime, smart cities, manufacturing, power, chemicals, and building management.

“With its most recent product upgrades, Mission Secure is taking steps to dramatically improve how critical infrastructure organizations like our maritime and energy customers efficiently address and measure OT security,” says Julian Clark, Global Senior Partner at Ince. “Their focus on efficiency, simplicity, and speed helps organizations that are in the early stages of implementing OT cyber security.”

The Mission Secure OT Cybersecurity Platform upgrades enable the following:

  • OT Security Score and Tracking – Mission Secure introduces a first of a kind, continuous OT Security Score helping customers prioritize security activities in their ongoing effort to improve security and maintain a strong security posture, and to track their OT security progress over time to report on successes.
  • Speed OT Security Incident Investigations – This software update dramatically speeds how quickly security teams can conduct OT threat investigations through improved historical forensics and data handling capabilities. Additionally, enriched asset and connection metadata make previously unavailable intelligence immediately accessible, including IP reputation and geolocation details.
  • Security for Low Bandwidth Cellular, Radio, or Satellite Communication Networks – This software release produces 1,300% improvements in network bandwidth efficiency through proprietary data compression and communication reduction techniques to support deployments in distributed OT, IIoT, ICS, DCS, and SCADA networks that rely on low-bandwidth and ultra-low bandwidth communications.
  • Continued Usability and Simplicity Improvements – This upgrade includes a host of additional usability and simplicity improvements to speed user and admin interactions.

“Maintaining our innovation and technology leadership position in OT cyber security that delivers unique value for our customers in their battle to stop OT cyber threats is what drives our product development and managed services organizations every day,” states John Adams, CEO at Mission Secure. “We work hand in hand with our customers throughout their industrial control system [ICS] security life-cycle, and what we learn together quickly materializes in improvements in our OT Cybersecurity Platform and our 24/7 Managed Services offerings. With this release, we can now help customers more efficiently protect more of their OT networks than ever and speed our ability to respond to incidents as they occur.”

due-to-strong-demand,-nice-expands-investment-in-japan,-creating-a-new-customer-experience-standard-with-cxone

Due to Strong Demand, NICE Expands Investment in Japan, creating a New Customer Experience Standard with CXone

May 12, 2021 Published by

 

NICE (Nasdaq: NICE) today announced the expansion of its operations in Japan, spearheading the launch of CXone. The industry’s leading Contact Center as a Service (CCaaS) platform, NICE CXone will be supported by a dedicated Japanese support and services team to assist customers with their transition to the cloud to address localization needs. Local cloud providers will be utilized to maintain in-country requirements and provide the highest standards in data security.

“A front runner in setting the standard for service excellence and embracing innovation that drives personalized experiences through digital engagement, Japan is the obvious next frontier for expansion,” commented Paul Jarman, NICE CXone CEO. “The recent evolution to hybrid working environments underlines the need for cutting-edge technologies that enable customer experience excellence, agility, and robust business continuity. Defining a new CX standard, NICE CXone will allow Japanese organizations to become digitally fluent, transform employees to be brand ambassadors and drive rapid innovation, enabling next-gen CX for their customers. We are pleased to expand our presence and look forward to bringing the world’s #1 cloud-native customer experience platform, which has helped thousands of organizations ensure CX transformation, to Japan.”

Cloud adoption has been fast-tracked the world over, fueled by the upward trend of hybrid working environments in combination with changing business models and customer preferences. This has consequently driven a surge in the demand for solutions that seamlessly enable remote working environments for contact center staff while safeguarding their best interests and empowering exceptional next-gen customer experiences. This evolution is reflected in Japan, where organizations are increasingly investing in voice and digital channels to drive higher levels of customer engagement and loyalty. NICE aims to cultivate this growth by further building its Japanese operations, which began in 2004, via the development of sales, service and partner relationships in the region.

Cloud-native NICE CXone takes a holistic approach to improving both agent and customer experiences, helping organizations of all sizes modernize and remain agile and resilient in today’s increasingly digital landscape. CXone provides the most comprehensive, digital-first, omnichannel offering in the Contact Center as a Service market, as the first and only platform unifying best-in-class omnichannel routing, analytics, workforce optimization, automation, and artificial intelligence on an open cloud foundation.

beverage-packaging-market-worth-$189.0-billion-by-2026-–-exclusive-report-by-marketsandmarkets

Beverage Packaging Market worth $189.0 billion by 2026 – Exclusive Report by MarketsandMarkets™

May 12, 2021 Published by

According to the new market research report “Beverage Packaging Market by Packaging Type (Bottle, Can, Pouch, Carton), Material Type (Glass, Plastic, Metal, Paper & Paperboard), Product Type (Alcoholic Beverages, Non-Alcoholic Beverages, Dairy Beverages), and Region – Global Forecast to 2026″, published by MarketsandMarkets™, the global Beverage Packaging Market was valued at USD 148.1 billion in 2021. It is projected to grow at a CAGR of 5.0% and reach USD 189.0 billion by 2026. The Beverage packaging helps in protecting the beverages and extending its shelf-life. It further acts as an effective tool for marketing and attracting the attention of consumers.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1222

The increase in the consumption of non-alcoholic and dairy beverages is projected to be some of the major drivers for the growth of the global beverage packaging market. There have been several innovations and developments in the packaging designs and packaging technology over the last five years in the global beverage packaging market. The increase in demand for products made from biodegradable and renewable raw material presents lucrative opportunities for the players in the market. The rise in consumption in emerging economies is encouraging the growth of the market.

By packaging type, the bottle segment is expected to hold a largest share in the market, during the forecast period

The beverage packaging market includes five major packaging types: bottle, can, pouch, carton, and others. The others segment includes bulk and draught containers for a large volume of packaging. Packages are used according to beverages that are served. Alcoholic beverages are served in bottles and packaging, whereas non-alcoholic drinks are mostly served in bottles. The bottle segment dominated the global market for beverage packaging in 2020. Bottles made from PET & HDPE are preferred by manufacturers for their cost-effectiveness. These bottles can compete with cartons on the extended shelf life of products when stored at chilled or ambient temperatures. The can segment accounted for the second-largest market share in terms of revenue in 2020.

Browse in-depth TOC on “Beverage Packaging Market“

307 – Tables
65 – Figures  
308 – Pages

The metal segment as a material type is expected to hold one of the largest share in the beverage packaging market, in terms of value, in 2021

On the basis of material type, the market is classified into metal, plastic, glass, paper & paperboard, and others. Beverage containers can be rigid or flexible. Rigid containers include glass and plastic bottles, metal cans, wood boxes, and drums. They give physical protection to the product inside it. Flexible packaging includes a major group of material types, such as plastic films and papers. Beverage packaging manufacturers combine two or more packaging material types of different characteristics to develop a multi-featured packaging solution that is convenient, safe, cost-effective, and recyclable. Metal segment dominated the market with the largest share. The resilience and recyclability offered by metals are the two major factors driving the growth of the market.

By product type, non-alcoholic beverage will drive the demand for beverage packaging, in terms of value, in 2021

Based on product type, the market is categorized as a non-alcoholic beverage, alcoholic beverage, and dairy beverage. The non-alcoholic beverage segment is dominated in the market. A non-alcoholic beverage usually acts as refreshment drinks for the majority of the population. Hence it captures a major market share in the overall beverage market. The non-alcoholic beverage market is flooded with a large number of strong brands of all product categories that make the market highly competitive. Therefore, in order to retain its customers and gain new customers, the players are coming up with a diversified range of products in beverages. The dairy beverage segment is projected to grow at the highest CAGR of during the review period.

Request for Customization: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=1222

Asia Pacific is projected to dominate the majority market share, in the global beverage packaging market, in terms of value, in 2021

On the basis of the regional area, the market is segmented into North America, Europe, Asia Pacific, South America, and Rest of World (RoW). Due to the increase in population and rise in disposable income, Asia Pacific is projected to account for the largest share during the review period. Global players such as Ball Corporation (US) and Crown Holdings Inc (US) are entering the Asia Pacific market by developing new manufacturing plants in the region. Rapid industrialization and urbanization, increase in environmental concerns, rise in disposable income of growing middle class, and lower production of fresh food & beverage products are factors propelling the usage of processed food & beverage products, consequently fueling the demand for the beverage packaging market in this sector.

Key players:

This report includes a study on the marketing and development strategies, along with a survey of the product portfolios of the leading companies operating in the beverage packaging market. It includes the profiles of leading companies, such as Amcor Group GmbH (Switzerland), O-I Glass, Inc. (US), Crown Holdings, Inc (US), Ardagh Group S.A. (Ireland), Verallia SA (France), Tetra Pak Group (Switzerland), Ball Corporation (US), Vidrala S.A. (Spain), Toyo Seikan Group Holdings, Ltd. (Japan), and CPMC Holdings Limited (China), among others.

Related Reports:

Beverage Cans Market by Material Type (Aluminium, Steel, and PET), Beverage Type (Alcoholic Beverages, Non-Alcoholic Beverages, and Water), Structure (2-Piece and 3-Piece), & Region (NA, APAC, EUR, SA, and RoW) – Global Forecast to 2026

https://www.marketsandmarkets.com/Market-Reports/beverage-cans-market-226901632.html

Food & Beverage Metal Cans Market by Material (Aluminum and Steel), Type (2-Piece and 3-Piece), Degree of Internal Pressure (Pressurized Cans and Vacuum Cans), Application (Food and Beverages), and Region – Global Forecast to 2025

https://www.marketsandmarkets.com/Market-Reports/food-cans-market-251.html

Browse Adjacent Reports: Food and Beverage Market Research Reports & Consulting

lifesprk-and-tealwood-senior-living-seize-opportunity-to-provide-markedly-different-senior-living-experience-under-lifesprk-senior-living

Lifesprk And Tealwood Senior Living Seize Opportunity To Provide Markedly Different Senior Living Experience Under Lifesprk Senior Living

May 11, 2021 Published by

 

Lifesprk, leader in whole person senior services, and Tealwood Senior Living, leaders in senior living management, have partnered to bring 35 senior living properties across multiple states under Lifesprk Senior Living.

“The current senior housing market, accelerated by the pandemic, created significant opportunity to provide a markedly different approach to senior living,” said Joel Theisen, RN, BSN, Lifesprk CEO. “Both Lifesprk and Tealwood are well-positioned to seize that opportunity by joining forces to serve seniors more fully, connecting them to everything they need in one system to age magnificently and transform the way people experience senior living right now.”

Howie Groff, President of Tealwood Senior Living shared that Tealwood’s strength has been operating a strong suite of senior living options with a holistic approach. “For years, we’ve been excited about the opportunities for innovation with predictive medicine and integrating value-based models,” said Groff. “The timing was right to build off our strong foundation and bridge the technology – Artificial Intelligence (AI) and machine learning – with community-based services to drive highly customized client-centered experiences within senior housing. Together with Lifesprk, we are able to tap into this powerful platform and improve the senior living experience.”

“This is a fundamental shift in how a wellness experience can be delivered where people live,” explained Theisen. “Change is needed. There’s a lot of pressure being placed on occupancy and at the same time, workforce availability is unable to keep pace.” According to data from the National Investment Center for Seniors Housing & Care (NIC) and Minnesota State Demographer, there has been a 6.8% drop in senior housing occupancy over the past 10 years which began long before the pandemic and an anticipated 46% drop in labor needed to support a growing aging population.

“Instead of addressing myopic, acute needs, we can partner to broaden our capabilities bringing the clinic to them including acute care at home and integrating holistic approaches in a way that’s never been done before. Together, we are combining reimbursement opportunities that create better life experiences with a focus on home, housing, and wellness, not one or the other.”

Tapping Expertise of Dr. Bill Thomas

Dr. Bill Thomas, internationally renowned geriatrician and Lifesprk’s Independence Officer is a key architect in designing the holistic model that will deliver this new experience under Lifesprk Senior Living. Dr. Thomas is also the founder of The Green House Project and Eden Alternative whose efforts respectively focused on partnering with senior living providers to create person-directed, relationship-rich living environments and shifting the care paradigm towards a more collaborative partnership.

“All the arrows are pointing to home and community as the locus for innovation. If you don’t pay attention to this you will end up a low occupancy and lower outcome environment,” said Thomas. “The high level of health and medical services needed during COVID will not disappear, but it won’t, nor should it, go back to the way it was. It needs to be interwoven into the fabric of their wellbeing.” Dr. Thomas adds, “Five to ten years ago it wouldn’t been relevant having a doctor and nurse leading the way but it’s incredibly important in today’s world. Combine that with the senior living knowledge of Tealwood leaders and you get a powerful shift to the age-old story.”

Integration plans for the 35 Tealwood properties to Lifesprk Senior Living are underway which spans the Upper Mid-West.  Lifesprk Senior Living is already working on plans for new senior living contracts and properties.

“The alignment of our cultures is very exciting,” said Groff. “At the end of the day, we are people taking care of people. As it always has, that journey matters a great deal.”

bridge-monitoring-system-market-is-anticipated-to-grow-around-13%-annually-through-the-period-of-2021-to-2031-–-persistence-market-research

Bridge Monitoring System Market is anticipated to grow around 13% annually through the period of 2021 to 2031 – Persistence Market Research

May 11, 2021 Published by

 

Governments of different countries are focusing on sustainability of structures and spending millions of dollars on bridge monitoring systems. Thus, high capital investments in bridge monitoring systems by governments is anticipated to be a major factor driving market growth over the coming years.

Due to loss of lives and capital from catastrophic failure of infrastructure in recent years, high capital investment in structural health monitoring is resulting in superior benefits for transportation. Costly repairs and minimizing downtime for the lifetime of a new bridge can be avoided with the help of one-time high capital investment in structural health monitoring across various industries.

The global bridge monitoring system market is anticipated to grow around 13% annually through the period of 2021 to 2031, as there has been an increase in high capital investments in bridge monitoring systems in the past years.

Key Takeaways from Market Study

  • Several infrastructural companies and governments are adopting bridge monitoring technologies to reduce expenses involved in dealing with infrastructural repairs, and this is creating new opportunities for vendors.
  • Easy accessibility and maintenance through wireless technology and wide availability of software after deployment over cloud are expected to support growth of the wireless segment throughout the forecast period.
  • The United States was the dominant country in 2020 in terms of value for bridge monitoring systems. Over the coming years, the United Kingdom is expected to be one of the key markets for sustainable revenue generation from bridge monitoring systems, owing to increasing adoption of advanced and wireless technologies in this country.
  • The European region is expected to remain a key market for bridge monitoring systems and solutions, as increasing investments in smart city development in the region is anticipated to create lucrative opportunities for stakeholders.

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“Many key players are focusing on developing cost-efficient bridge monitoring solutions in which electrical, magnetic, thermal, and other physical variables, chemical variables, and several technologies are integrated to offer more accurate results, which is likely to increase adoption of integrated bridge monitoring systems,” says a Persistence Market Research analyst.

COVID-19 Pandemic Impact Analysis

The bridge monitoring system market experienced a decline in growth in the first three quarters of 2020, owing to the severe impact on the construction industry during the COVID-19 pandemic outbreak. Depending on the severity of the public health crisis, as well as the timing and strictness of confinement measures, lockdowns impacting the construction sector have varied widely by location and project type, and containment measures involved total or partial shutdowns of construction sites.

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Companies providing bridge monitoring systems have witnessed decrease in demand for monitoring devices due to the COVID-19 pandemic. Major companies operating in the market have been negatively impacted during the first half of 2020.However, the trend toward the automation of processes along with remote working solutions has been increasing since the start of 2021.Standardization and automation of maintenance and repair is expected to increase gradually. Thus, the market is anticipated to gain back its momentum by the second half of 2021.

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Find More Valuable Insights

Persistence Market Research puts forward an unbiased analysis of the global market for bridge monitoring systems, providing historical demand data (2016-2020) and forecast statistics for the period 2021-2031. To understand the opportunities in the market,it has segmented on the basis of component (hardware, structural health monitoring software, and services), technology (wired and wireless), and application (railway bridges and road bridges/overpasses), across seven major regions of the world.

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