News Hub | News Direct

Technology

Artificial Intelligence Big Data Cloud Computing Cyber Security Data Management Electronics Enterprise & Network Technology Financial Technology Hardware Mobile & Wireless Nanotechnology Semiconductor Software Telecommunications
Article thumbnail News Release

COMCAST NAMES JOHN KELLER SENIOR VICE PRESIDENT FOR THE MOUNTAIN WEST REGION

Comcast Colorado

Comcast today announced John “J.D.” Keller as the new senior vice president for the company’s Mountain West Region, succeeding Amy Lynch who was named Comcast West Division’s senior vice president of Customer Experience and Customer Operations. In this role, Keller is the top executive responsible for customer experience, sales, operations, and financial performance for the region. Keller will report to Rich Jennings, president of Comcast’s West Division, and will oversee Comcast’s operations serving Colorado, New Mexico, Utah, Tucson, AZ and parts of Idaho with more than 2.5 million residential and business customers and managing more than 2,500 employees. Keller previously held the role of senior vice president for the Comcast Twin Cities Region, a position he held for four years. Under his leadership, the region experienced strong growth, operational excellence, and continued commitment to advancing digital equity in our communities and enhancing customer experience. Keller came to Comcast from the security services industry, where he served in several senior leadership roles, and lead that company’s largest region with more than 4,000 employees. “My family and I are excited to be moving to the Denver area, and I’m looking forward to leading the Comcast Mountain West team,” said J.D. Keller, senior vice president, Comcast Mountain West Region. “I’m eager to collaborate with local business, community, education and nonprofit leaders to create meaningful change in our communities and connect people to more of what they love.” “J.D. is a strong, innovative leader at Comcast dedicated to our employees and operational excellence,” said Rich Jennings, Comcast West Division president. “His track record for bringing teams together as well as his focus in and on the community will serve us well guiding this important, multi-state region.” A native of Utah, Keller earned a bachelor’s degree in communications from the University of Utah and a master’s degree in business administration from the University of Phoenix. About Comcast Corporation Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company that connects people to moments that matter. We are principally focused on broadband, aggregation, and streaming with over 56 million customer relationships across the United States and Europe. We deliver broadband, wireless, and video through our Xfinity, Comcast Business, and Sky brands; create, distribute, and stream leading entertainment, sports, and news through Universal Filmed Entertainment Group, Universal Studio Group, Sky Studios, the NBC and Telemundo broadcast networks, multiple cable networks, Peacock, NBCUniversal News Group, NBC Sports, Sky News, and Sky Sports; and provide memorable experiences at Universal Parks and Resorts in the United States and Asia. Visit www.comcastcorporation.com for more information. Contact Details Comcast Leslie Oliver +1 303-810-6326 leslie_oliver@comcast.com Company Website https://colorado.comcast.com/

August 17, 2021 11:44 AM Eastern Daylight Time

Article thumbnail News Release

WiBotic Introduces New Lineup of Chargers and Transmitters for Drones and Autonomous Mobile Robots

WiBotic

WiBotic, a Seattle company that specializes in advanced charging and power optimization solutions for the rapidly expanding ecosystem of aerial, mobile, marine, space and industrial robots, today introduced several new cutting-edge chargers and transmitters for drones and autonomous mobile robots. The products showcase WiBotic’s expertise in innovating efficient charging solutions for robots that operate in all sorts of environments, even under the harshest conditions. Specifically, these new products include: OC-262 onboard charger. The OC-262 is a passively cooled onboard charger that was developed as a ruggedized system for the Department of Defense, but is now being released for wider use in response to customer demand. Passive cooling is particularly beneficial in punishing environments where water, dust, dirt and corrosion are significant concerns, and the OC-262 offers considerable benefits to customers operating in the oil and gas, mining, construction, marine exploration and agriculture industries. Providing up to 300W of power, the OC-262 has no moving parts, supports all common robot battery chemistries, and pairs with a weatherproof receiver antenna for a complete outdoor solution. Two models of the OC-262 are now available: An ST model with IP20 rating for applications that require passive cooling but can be more open to the environment. A WP model with IP67 rating for use in outdoor or extreme environments. OC-150 onboard charger. Designed for UAVs and smaller robots, the OC-150 is a compact and lightweight onboard charger that delivers up to 150W of total power and up to 10A of current depending upon battery voltage. As with other OCs, it supports multiple battery chemistries and has an output voltage range of 9V to 58.5V. TR-150 transmitter. A compact transmitter, the TR-150 uses the latest high-efficiency GaN transistors from WiBotic partner GaN Systems Inc. It is designed primarily for use with the new OC-150 onboard charger but supports all WiBotic OCs when deployed in diverse robot fleets. Delivering up to 150W of power, its new GaN-driven power amplifier has an exemplary 95% efficiency – leading to end-to-end wireless power system efficiencies of 85% or more. TR-300 transmitter. Like the TR-150, the TR-300 is a compact wireless power transmitter using GaN Systems’ technology for maximum efficiency. The TR-300 offers the same core benefits as the TR-150 but delivers up to 300W of power when paired with WiBotic’s OC-262 or OC-301 onboard chargers. Paul Wiener, VP of Strategic Marketing at GaN Systems, congratulated WiBotic on the announcement: “These new products are just as exciting for GaN Systems as they are for WiBotic. We continue to believe the market for high-power wireless charging systems is going to explode in the coming years and companies like WiBotic are going to lead the way through the use of GaN technology.” At the AUVSI Xponential show in Atlanta, GA, August 17-19 th, WiBotic is also demonstrating an innovative new use for onboard chargers. As drone service providers will attest, it can be difficult to keep track of individual battery health when large collections of diverse batteries are manually charged for repetitive field use. When used with WiBotic’s new Commander Fleet Energy Management software, lightweight WiBotic OCs can now track and report on individual battery charge cycles, termination voltage, charge rate (amps), and other critical factors that determine how a battery will perform day-to-day. “When it comes to power delivery for autonomous drones and mobile robots, it’s crucial to innovate with new technologies such as GaN to maximize efficiency,” said Ben Waters, CEO at WiBotic. “These new products not only push that technical envelope but are also designed to survive in the most extreme operational conditions. And when used together with WiBotic software, they now let operators track and optimize the performance of individual batteries within large and diverse collections - whether charging is performed manually or fully autonomously.” About WiBotic: WiBotic provides autonomous charging and fleet energy management solutions for the rapidly growing ecosystem of aerial, mobile, marine, space and industrial robots. Its products help companies optimize the uptime of robot fleets and are an integral component of fully autonomous robotic operations. WiBotic works with companies in a variety of industries. For more information, please go to: www.wibotic.com Contact Details Forrest Carman +1 206-859-3118 forrestc@owenmedia.com Company Website https://www.wibotic.com/

August 17, 2021 09:00 AM Eastern Daylight Time

Article thumbnail News Release

Comcast Business Helps Salem Florist’s Business Blossom with Enhanced Connectivity

Comcast Oregon / SW Washington

Comcast Business today announced that it is supplying Salem-based flower shop Green Thumb Flower Box Florist with a Business Internet connection and business phone services, enabling the florist to stay connected to enhance customers’ experiences and deliver bespoke services to its loyal customer base. Green Thumb has been in business for more than five decades. In that time, the shop has amassed a loyal following and was named Best Florist in Mid Valley by the Statesman Journal. While some florists offer the same bouquet arrangements, almost all of Green Thumb’s floral arrangements are customized based on individual customers’ needs by a small team of floral designers. The shop relies on its internet and phone lines for ordering. “Our floral designers are creating arrangements that hopefully make our customers feel special and eager to come back,” said Steve Outslay, owner of Green Thumb Flower Box Florist. “Our technology from Comcast Business is key to helping us keep customers coming back because it is reliable. Our internet is consistently fast, and our phone services are high-quality. Those solutions are our lifeline, so it makes all the difference that we can count on them.” With more grocery stores offering floral arrangements that consumers can pick up quickly, Green Thumb continues to distinguish itself from the competition with their custom arrangements, and what Outslay calls the “florist experience.” “We think that our reputation combined with technology will allow us to reach a larger group of people,” Outslay explained. “Knowing the quality and support of other floral companies, once a customer comes to us they will not want to go anywhere else.” Comcast Business’ Internet services are delivering fast, reliable connectivity with the bandwidth Green Thumb needs to handle all its devices. Meanwhile, its phone solutions allow Green Thumb to stay in touch with its customers while their staff is onsite or as they make deliveries. “It’s no surprise that Green Thumb Flower Box Florist has a dedicated group of customers that love their arrangements,” said Alan Goldsmith, vice president of Comcast Business Oregon/SW Washington. ”The passion that their teams have for what they do really shines through. We are proud to be powering possibilities for Green Thumb’s operations as they look to bolster their operations and local reputation.” About Comcast Business Comcast Business offers a suite of Connectivity, Communications, Networking, Cybersecurity, Wireless, and Managed Solutions to help organizations of different sizes prepare for what’s next. Powered by the nation’s largest Gig-speed broadband network, and backed by 24/7 customer support, Comcast Business is the nation’s largest cable provider to small and mid-size businesses and one of the leading service providers to the Enterprise market. Comcast Business has been consistently recognized by industry analysts and associations as a leader and innovator, and one of the fastest growing providers of Ethernet services. For more information, call 866-429-3085. Follow on Twitter @ComcastBusiness and on other social media networks at http://business.comcast.com/social. Contact Details Amy Keiter +1 503-407-9109 amy_keiter@comcast.com Company Website https://business.comcast.com/

August 16, 2021 10:05 AM Pacific Daylight Time

Article thumbnail News Release

Cyvatar’s Stephanie Simpson Named a Finalist for the Top 10 Women in Cybersecurity at the 2021 Black Unicorn Awards

Cyvatar

Cyvatar today announced the selection of another member of its senior executive team as a finalist for outstanding achievement at this year’s Cyber Defense Magazine Black Unicorn awards, announced during the 2021 Black Hat USA conference. Stephanie Simpson, vice president of platform management, was chosen as a finalist for the Top 10 Women in Cybersecurity; she competed against the industry’s leading cybersecurity experts for this prestigious award. “We’re pleased to name Stephanie Simpson as a finalist for the Top 10 Women in Cybersecurity among an elite group of female information security professionals at the third annual Black Unicorn awards,” said judges Robert R. Ackerman Jr., David DeWalt, Dr. Peter Stephenson, and Gary Miliefsky. “This year’s competition was fierce, and she should be proud of her achievement.” Stephanie was selected from women around the world who vied for top honors. She has two decades of software product leadership, from ideation to launch, to fill gaps in the industry and meet customer needs. She has brought many award-winning innovations to market including Cyvatar’s cybersecurity-as-a-service (CSaaS) platform, developed with fellow Black Unicorn winner Craig Goodwin. As an engineer, Stephanie is no stranger to disruptive technologies, and customers and colleagues alike benefit from her passionate, transformative leadership style. “Female technical talent in cybersecurity is hard to find, and we’re fortunate to have such an accomplished practitioner as Stephanie on the executive team at Cyvatar,” said Corey White, Cyvatar co-founder and chief executive. “Diversity and inclusion are foundational to our success, which makes Stephanie’s vision, energy, and leadership vital as we recruit top talent across the organization.” Only Cyvatar offers subscription-based CSaaS designed to provide outcomes, continuous remediation, ongoing solution maintenance, and the ability for all of its customers to execute their security strategies at speed and scale. Find out how CSaaS can work for your business at cyvatar.ai. About Cyber Defense Awards This is Cyber Defense Magazine’s 9th year of honoring cybersecurity innovators, in this case the Black Unicorn Awards for 2021 on our Cyber Defense Awards platform. In this competition, judges for these prestigious awards includes cybersecurity industry veterans, trailblazers and market makers Gary Miliefsky of CDMG, Dr. Peter Stephenson of CDMG, Robert R. Ackerman Jr. of Allegis Cyber and David DeWalt of NightDragon with much appreciation to emeritus judge Robert Herjavec of Herjavec Group. To see the complete list of finalists for the Black Unicorn Awards for 2021 please visit https://cyberdefenseawards.com/black-unicorn-awards-finalists-2021/ About Cyvatar Cyvatar is committed to making cybersecurity effortless for everyone. As the industry’s first subscription-based, cybersecurity-as-a-service (CSaaS) company, it’s our mission to transform the way the security industry builds, sells, and supports cyber solutions. We empower our members to achieve successful outcomes by providing expert advisors, proven technologies, and a strategic process roadmap to guarantee results that map to their business drivers. Our approach is rooted in proprietary ICARM (installation, configuration, assessment, remediation, maintenance) methodology that delivers smarter, measurable security solutions for superior compliance and cyber-attack protection faster and more efficiently, all at a fixed monthly price. And because we’re a subscription, members can cancel anytime. Cyvatar is headquartered in Irvine, California with locations around the world. Begin your journey to security confidence at https://cyvatar.ai/ and follow us on LinkedIn and Twitter. Contact Details Cyvatar KC Higgins +1 303-434-8163 kc@cyvatar.ai Company Website https://cyvatar.ai/

August 16, 2021 12:00 PM Eastern Daylight Time

Article thumbnail News Release

Goodway Group Wins Second Consecutive MarTech Breakthrough Award

Goodway Group

Goodway Group, the digital partner advertisers trust to deliver campaign performance and media efficiency, announced that it has been selected as the winner of the “Best Predictive Analytics Solution” award in the fourth annual MarTech Breakthrough Awards program conducted by MarTech Breakthrough, a leading market intelligence organization that recognizes the top companies, technologies and products in the global marketing, sales and advertising technology industry today. In 2020, the Goodway Group was awarded “Best Data Visualization Solution” in the MarTech Breakthrough Award Program. Goodway Group’s data science team built BidRange, an advanced machine learning model that predicts whether an individual ad group can benefit from a base bid update, working across display, mobile and native campaigns with eCPA or viewability objectives prioritized by the client’s primary success measure. Each week, the model predicts whether to increase or decrease the base bid for Goodway’s thousands of programmatic campaigns. The platform uses signals from 23 custom-engineered features to keep the base bid at the optimal level, including the gap between the submitted bid and predicted clearing prices, the proportion of impressions going to top sites by impression volume and distribution of CPMs. If a Goodway Group media trader initially creates a campaign with an unreasonably high base bid, the solution makes a series of predictions that will decrease the base bid down to optimal. If the market shifts and a campaign’s base bid is no longer optimal, the predictive analytic solution detects and updates the campaign without intervention. “Ad groups that received updates had 11% lower CPMs month over month than the control ad groups that only had a standard bid factoring algorithm applied,” said Jay Friedman, President at Goodway Group. “Our data scientists developed this predict and update solution so that traders no longer need to exert mental energy on this programmatic lever. In turn, they can focus on higher leverage activities to best support our clients, such as producing actionable insights that lead to better business outcomes. We are honored that the hard work of our Data, Science and Analytics team is being recognized by MarTech Breakthrough this year. The ceiling is so high in this space and we will continue to aim to break through.” The mission of the MarTech Breakthrough Awards is to honor excellence and recognize the innovation, hard work and success in a range of marketing, sales and advertising technology related categories, including marketing automation, market research and customer experience, AdTech, SalesTech, marketing analytics, content and social marketing, mobile marketing and more. This year’s program attracted more than 2,850 nominations from over 17 different countries around the world. “Successfully managing a programmatic campaign is a difficult task as there are many levers at a media trader’s disposal to optimize a campaign. Set the base bid too high, and you’ll be over-paying for impressions. Set it too low, and you’ll be unable to achieve scale,” said James Johnson, Managing Director at MarTech Breakthrough. “With this challenge in mind, the Goodway Group is a leading-edge digital partner that understands and is able to leverage the power of programmatic data so that marketers reach the right customer at the right price. Congratulations to Goodway Group, once again this year - this time as our ‘Best Predictive Analytics Solution’ award winner.” About Goodway Group Goodway Group is the digital partner advertisers trust to drive campaign performance and media efficiency. Proud to be completely independently owned and operated, Goodway provides trustworthy expertise that meets its clients' needs – and no one else's. Using predictive intelligence, Goodway helps advertisers get the most value out of every impression across all paid digital media. Through the combination of employing the smartest technology and the most experienced people in the industry, Goodway delivers authentic results. Find Goodway Group online at goodwaygroup.com. About MarTech Breakthrough Part of Tech Breakthrough, a leading market intelligence and recognition platform for global technology innovation and leadership, the MarTech Breakthrough Awards program is devoted to honoring excellence in marketing, ad and sales technology companies, products and people. The MarTech Breakthrough Awards provide a platform for public recognition around the achievements of breakthrough marketing technology companies and products in categories including marketing automation, AdTech, SalesTech, marketing analytics, CRM, content and social marketing, website, SEM, mobile marketing and more. For more information, visit MarTechBreakthrough.com. Contact Details Kite Hill PR for Goodway Group Bridget Callahan +1 631-338-7248 bridget@kitehillpr.com Company Website https://www.goodwaygroup.com/

August 16, 2021 10:00 AM Eastern Daylight Time

Article thumbnail News Release

75% of Consumers Want an Autonomous Shopping Experience According to Shekel-Sponsored Retail Shopping Survey

Shekel Brainweigh

With less than 3% of consumers having already shopped at an autonomous store, 75% of consumers said they are interested in shopping at a newly-introduced autonomous store. This is according to the Retail Shopping survey targeting primary household decision makers conducted over SurveyMonkey and sponsored by Shekel Brainweigh Ltd Retail Innovation Division (ASX: SBW). The goal of the survey was to gain an understanding of how consumers perceive autonomous stores and autonomous store technologies. Nearly 80% of survey respondents were between the ages of 18-60 years old and more than 50% were female. Key findings of the survey include: Convenience and a frictionless experience was cited as the most important feature of an autonomous store by 33% of respondents with 25% saying variety and selection of goods was most important. Nearly 13% of respondents prefer a fully autonomous store while 70% prefer a hybrid store with autonomous and human assistance options. Lack of assistance (37%) and leaving the store without knowing the amount charged (19%) were cited as the top two concerns of autonomous stores by survey respondents. For nearly 65% of respondents, privacy was a heightened concern, and they prefer an anonymous/privacy-protected shopping experience. In terms of ideal providers for autonomous store solutions, 50% said the solution should be best-of-breed regardless of the provider and that credible retail solutions providers with innovative technology from the coolest startups are best. Udi Wiesner, General Manager of Shekel Brainweigh Retail Innovation Division said, “The results of our Retail Shopping survey demonstrate the need for retailers to quickly adopt autonomous store technologies and solutions to meet the major desires of consumers. And knowing that for nearly 50% of respondents COVID-19 has not impacted their shopping habits, there is a massive opportunity for retailers to improve their autonomous shopping strategies to provide superior shopping experiences with more store availability and a greater variety of products, while also keeping their customers’ privacy.” The Shekel Brainweigh Retail Innovation Division is capitalizing on the global demand for retail store automation to provide enhanced consumer shopping experiences and improve retailers’ efficiencies. Shekel has developed its game changing Product Aware Technology, which digitally transforms a retail shelf into a source of actionable insights. With its ability to identify a product by its weight, using IoT load sensors, embedded Smart Shelf software and cloud-based artificial intelligence algorithms, it provides ideal product recognition capabilities that enable store automation. At NAMA 2021, Shekel Brainweigh Retail Innovation Division and Hitachi Vantara will showcase the Automated Shop in Booth 2220, which enables retailers, vendors and operators to offer their customers a frictionless shopping experience in secure micro markets with a wide offering of fresh and healthy food at a lower cost of operation. The technology behind the shop includes Shekel’s Product Aware smart shelves and Hitachi 3D LiDAR with shopper insights and analytics displayed on the Hitachi Visualization Suite. This live experience will allow visitors to go through the shop as if it were their own customer journey. As part of the Automated Shop, the booth will also feature a hubz Smart Cooler, the world’s most advanced unattended retail Micro Market solution that allows retailers and vending operators to offer consumers fresh and healthy food selections in a 100% frictionless vending machine experience and a Smart Coffee Machine, courtesy of UST. About Shekel Brainweigh Retail Innovation Division Shekel Brainweigh Retail Innovation Division, a young, innovative start-up, is part of Shekel Brainweigh Ltd., (ASX: SBW) an established holding company that includes Shekel Scales, a technology market leader providing more than 40 years of digital weighing solutions to the retail self-checkout market through industry leaders such as Fujitsu, Toshiba, Diebold-Nixdorf and others. Shekel Brainweigh Retail Innovation Division provides Product Aware Shelves as the standard of choice for automated product recognition to scale up autonomous retail. Product Aware Technology transforms any retail shelf into a source of actionable insights using IoT load sensors and Artificial intelligence to identify a product by its weight and location on the shelf. Smart shelves, based on Product Aware Technology are an ideal solution to enable rich frictionless shopping, 24/7 availability, effective real-time inventory management, operational efficiency comprehensive data insights for smart vending, micro markets, autonomous micro stores and convenience stores. To learn more about the company, visit https://www.shekelbrainweigh.com/retail/. Contact Details Jenna Beaucage +1 508-340-6851 jbeaucage@rainierco.com Company Website https://shekelbrainweigh.com/retail/

August 16, 2021 09:34 AM Eastern Daylight Time

Article thumbnail News Release

Treliant Acquires Vox Financial Partners, Strengthening its Capital Markets Capabilities and Expanding its Footprint into Europe

Treliant

Treliant announced today that it has acquired Vox Financial Partners (Vox), a leading Capital Markets consulting firm that helps global financial institutions deliver regulatory and business change. The transaction between the two privately-owned firms closed on August 13, 2021 and terms were not disclosed. The acquisition of Vox is a milestone for Treliant, a strategic advisory firm that has enjoyed strong organic growth since its founding in 2005. With this acquisition, Treliant is expanding its European footprint and capital markets consulting capabilities to better serve its client base and position it as a solid global competitor. “Vox Financial Partners is a natural fit for Treliant,” said Treliant CEO B. Scott Fisher. “Terry Robinson and the Vox leadership team have worked on some of the most complex initiatives and delivered major change in some of the largest global investment banks. They bring deep knowledge from their careers in the industry, as consultants, and as entrepreneurs. They are a perfect complement to Treliant and we are excited to have them join our team.” Vox combines global banking and regulatory experience, innovative data solutions, and skilled specialists to help global financial institutions successfully plan, resource, and deliver regulatory and business change projects. Vox consultants work on client sites and also from their Service Delivery Centres in Belfast, Northern Ireland, and Lodz, Poland. “We are very excited to join forces with Treliant,” said Terry Robinson, Vox co-founder and CEO. “We share similar values and goals; forming and maintaining long-term relationships with our clients is of critical importance to Treliant and us. We look forward to working together to provide Vox’s capital markets expertise and delivery capabilities to a broader global audience.” In his new role at Treliant, he will hold the title of Chief Executive Officer for the Capital Markets practice. Vox was founded in 2016 by Terry Robinson and Brendan Gorman. Since then, it has built a team of experienced project managers and subject matter experts, supported by trained and resourceful junior staff, to help banking clients address a wide range of regulatory and business challenges. These have included MIFID2, Brexit, Initial Margin, and Benchmark Reform. In January 2021, Vox acquired Delv Global, a business and technology change consultancy that specializes in solving challenges in data, technology, regulations, and innovation across finance, risk, product control, operations, treasury, and front office. “The financial services industry continues to need more of the expertise and capabilities provided by Treliant and Vox,” Fisher said. “We are making a substantial investment in our capital markets practice and global expansion with this acquisition, and we look forward to continuing to provide excellent results for our clients.” Treliant is a multi-industry consulting firm that serves organizations around the globe. Our firm serves financial institutions, consumer-oriented businesses, other corporations, and law firms. As a firm of leading professionals from industry and government, we assist our clients in navigating regulatory requirements and on best practices, while meeting strategic and operational objectives. We partner with clients as trusted advisors and via managed services including through secondments, interim resources, and other outsourcing strategies. Our advisory and assurance services and specialized, high-quality business solutions strengthen our clients’ corporate and regulatory compliance programs, risk management, and business performance. We also provide comprehensive support for corporate and regulatory investigations, litigation, and as government agency monitors and independent consultants. We serve companies from Main Street to Wall Street and across the globe. Vox is a global consulting firm that specializes in navigating financial institutions through complex regulatory and business change. We combine global banking and regulatory expertise, innovative data solutions, and skilled specialists to help global financial institutions execute change programs successfully and operate business-as-usual processes more efficiently. We do this by providing our clients with top talent matched to their specific needs - from subject matter experts who can lead the most complex, challenging projects in finance to resourceful, technically-capable juniors who have undergone tailored training. We can provide our services on client site or from our near-shore Service Delivery Centres. Contact Details Treliant, LLC Melissa Pazornik +1 202-249-7932 mpazornik@treliant.com Company Website https://www.treliant.com

August 16, 2021 09:15 AM Eastern Daylight Time

Article thumbnail News Release

Foresight Enters Autonomous Drone Market with POC Project

Foresight Autonomous Holdings Ltd.

Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an innovator in automotive vision systems, announced today that Wonder Robotics Ltd., a start-up company engaged in the design and development of drone autonomy systems, has started a proof of concept (POC) project and the evaluation of Foresight’s QuadSight ® vision system. Wonder Robotics will test Foresight’s thermal stereoscopic detection abilities for use in vertical take-off and landing (VTOL) drones to improve their autonomous flight, navigation and landing capabilities. In addition, Wonder Robotics will use Foresight’s automatic calibration solution to ensure that the stereo cameras remain calibrated despite the drone’s vibrations. Following successful completion of the POC project, the parties will consider integrating Foresight's technology into Wonder Robotics products. Wonder Robotics products use a 3D sensor and proprietary algorithms to provide drones with 360-degree situational awareness, including during their descent and landing, verifying that the landing site is clear of obstacles, including low-profile obstacles, such as cables, and even dynamic moving obstacles, like people or animals. Foresight’s advanced thermal stereoscopic technology generates a high-resolution depth map which provides accurate information on the drone’s surroundings, including the location and distance of any object in the field of view. In addition, Foresight’s unique automatic calibration solution has proven to be the key for incorporating long-range stereo cameras on drones, ensuring that the cameras remain calibrated while withstanding the drone’s vibrations. This eliminates the need for heavy and rigid mechanical interfaces and meets the desired low weight requirements for VTOL drones. “This POC project with Wonder Robotics opens a new market for Foresight. Our advanced technologies are designed to fit various industries that are using stereo camera systems and can be readily applied to different markets, such as autonomous drones,” said Haim Siboni, CEO of Foresight. “We have been looking closely at the automotive industry and the accelerated advancements in sensor technology supported by the increased demand for autonomous capabilities,” stated Idan Shimon, Co-Founder & CEO of Wonder Robotics. “The commercial drones revolution is moving just as fast now, and we believe that Foresight’s solution is perfectly suited for the rigorous demands of the drone market thanks to its performance on one hand and its minimal size and weight on the other hand, which are more significant to drones than any other mobility sector.” According to April 2021 research by Research and Markets, vertical take-off and landing unmanned aerial vehicle (VTOL UAV) market size was estimated at $4.4 billion in the year 2020 and is projected to reach $15.6 billion by 2027, growing at a compound annual growth rate (CAGR) of 19.6% over the analyzed period 2020-2027. The VTOL UAV market in the United States is estimated at $1.3 billion in the year 2020 and the Chinese VTOL UAV market is forecast to reach a projected market size of $2.7 billion by the year 2027. About Wonder Robotics Wonder Robotics develops intelligent and robust artificial intelligence (AI) layers for autonomous and safe flights for both commercial and military drones. Wonder Robotics realized that a drone’s complex and diversified vision requirements cannot be satisfied by 2D or 3D vision capture alone. The company’s computer vision technology is modeled after and inspired by a human vision-based replica. This replica uniquely combines short-range 3D depth perception with a long-range 2D vision for dramatically improved perspective, classification, shading, texture, and motion cues. For more information about Wonder Robotics Ltd, visit www.wonderbotics.com or join Wonder Robotics on LinkedIn. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and similar expressions or variations of such words are intended to identify forward-looking statements. For example, Foresight is using forward-looking statements in this press release when it discusses that Foresight enters the autonomous drone market with the POC project, when it is stated that Foresight’s solution is perfectly suited for the rigorous demands of the drone market, that Wonder Robotics will test Foresight’s thermal stereoscopic detection abilities to be used by VTOL drones and use Foresight’s automatic calibration solution, that the parties will consider integrating Foresight's technology in Wonder Robotics products, that VTOL UAV market size is projected to reach $15.6 billion by 2027, and that and the Chinese VTOL UAV market is forecast to reach a projected market size of $2.7 billion by the year 2027. Because such statements deal with future events and are based on Foresight’s current expectations, they are subject to various risks and uncertainties, and actual results, performance or achievements of Foresight could differ materially from those described in or implied by the statements in this press release. About Foresight Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) is a technology company developing smart multi-spectral vision software solutions and cellular-based applications. Through the Company’s wholly owned subsidiaries, Foresight Automotive Ltd. and Eye-Net Mobile Ltd., Foresight develops both “in-line-of-sight” vision systems and “beyond-line-of-sight” accident-prevention solutions. Foresight’s vision solutions include modules of automatic calibration, sensor fusion and dense 3D point cloud that can be applied to diverse markets such as automotive, defense, autonomous vehicles and heavy industrial equipment. Eye-Net Mobile’s cellular-based solution suite provides real-time pre-collision alerts to enhance road safety and situational awareness for all road users in the urban mobility environment by incorporating cutting-edge AI technology and advanced analytics. For more information about Foresight and its wholly owned subsidiary, Foresight Automotive, visit www.foresightauto.com, follow @ForesightAuto1 on Twitter, or join Foresight Automotive on LinkedIn. Contact Details Investor Relations Contact Miri Segal-Scharia, CEO, MS-IR LLC +1 917-607-8654 msegal@ms-ir.com Company Website https://www.foresightauto.com/

August 16, 2021 08:20 AM Eastern Daylight Time

Article thumbnail News Release

Innovation Decisions Accelerated: TechInsights Acquires VLSI Research

TechInsights

TechInsights Inc. is pleased to announce the acquisition of VLSI Research Inc., the award-winning provider of market and economic analysis covering the semiconductor supply chain. Together, TechInsights and VLSI will provide a unified platform of the most valuable semiconductor-related content to inform the world’s most innovative companies. In addition to extracting insights and intelligence and filling information gaps to solve problems today, the unified platform will identify trends to predict how the future of technology will unfold. In an increasingly connected world, and with semiconductor market drivers like automotive, machine learning and 5G, the explosive demand for semiconductors is leading to a growing addressable market which has a thirst for intelligence in the form of reverse engineering data and informed analysis. VLSI Research’s strategic trends analysis complements TechInsights’ technical content and will be incorporated into TechInsights authoritative information platform to bring unprecedented insights into semiconductors and microelectronics. “We have long been regarded as the world leader in semiconductor reverse engineering. Our trusted platform is the source of the broadest and deepest range of semiconductor research.” said Gavin Carter, CEO of TechInsights. “We have been on the hunt for a partner that can complement our content with the ability to reverse engineer the future. We found the perfect partner in VLSI Research. I am delighted to welcome an industry guru in Dan and his team to TechInsights. Founded in 1976, VLSI is led by visionary CEO and Chairman Dan Hutcheson, who for over 40 years has had the opportunity to engage semiconductor legends Gordon Moore, Robert Noyce and Jerry Sanders among others. Hutcheson and his VLSI colleagues leveraged this unique access and insight to empower executives with strategic and tactical marketing value. “When I first learned TechInsights wanted to bring us together,” said G. Dan Hutcheson, Chairman and CEO of VLSI Research, “it was clear there was a unique opportunity to connect market and technical analysis on high-volume and emerging applications of technology in ways that has never been done before. Merging both into a single platform would offer the industry a powerful new way to view the past, present and future of the semiconductor sector. It would give clients the competitive advantage in their ability to make better decisions faster.” ABOUT TECHINSIGHTS TechInsights is the authoritative information platform serving the semiconductor and related markets. Leveraging a unique reverse engineering competency we reveal innovations in technology products, providing advanced technical analysis to organizations to help them make fact-based technology and intellectual property decisions. Over the course of thirty years, we have developed the world’s largest technical analysis database and extensive expertise in multiple technical industries and disciplines. We exist to support a fair marketplace where electronics and intellectual property can be innovated and monetized. Our customers include the world’s largest consumer electronics and semiconductor companies, law firms, government agencies, and technology startups. Technology and intellectual property professionals subscribe to our insights to support product innovation, benchmark products against competitors, de-risk go-to-market strategies, build stronger product roadmaps, monetize, and defend innovations, and win more competitive bids. ABOUT VLSI VLSI Research’s unique combination of deep semiconductor industry contacts, data analytics, with databases and information libraries that reach back seven decades, combined with its locations in the world’s technology hot spots, make it perfectly suited for the development of the world’s most distinguished semiconductor market research. VLSI’s information is selectively crafted by the world’s most renowned semiconductor market research analysts who have over a century of combined experience. VLSI’s contributions are industry recognized by being the only market research firm to have received SEMI’s Sales and Marketing Excellence Awards. It was founded by Dan’s research physicist father Jerry Hutcheson and mother, Lynda. Contact Details Kim Waterman Senior Corporate Marketing Manager +1 613-576-0145 kwaterman@techinsights.com Company Website https://www.techinsights.com

August 16, 2021 07:00 AM Eastern Daylight Time

1 ... 562563564565566 ... 646