(IN BRIEF) Royal Philips has released its Q1 2024 results, showcasing a mixed performance marked by steady sales growth, significant litigation settlements, and ongoing operational challenges. Despite a 2.4% increase in group sales, comparable order intake saw a decline of … Read the full press release
Posted in Business, Economy, Electronics & Machinery, Financial, Healthcare, Industrial, Investment, Management, Netherlands, News, Technology
Tagged Abhijit Bhattacharya, Financial, investment, Philips, Roy Jakobs
(IN BRIEF) Professor Angela Schoellig from the Technical University of Munich (TUM) has harnessed the power of ChatGPT to develop choreographies for swarms of drones synchronized to music, while implementing an additional safety filter to prevent mid-air collisions. This innovative … Read the full press release
(IN BRIEF) DeLaval, a Swedish-based dairy and farming machinery producer under the Tetra Laval Group, has opted for SAP S/4HANA Cloud to revolutionize its ERP system as part of a comprehensive company-wide overhaul. By embracing cloud technology, DeLaval aims to … Read the full press release
(IN BRIEF) Researchers at the University of Twente have developed a groundbreaking design strategy to enhance the efficiency, storage capacity, and durability of capacitors used in critical applications like pacemakers, defibrillators, radar technology, and electric vehicles. Led by Dr. Minh … Read the full press release
(IN BRIEF) Nordic Investment Bank (NIB) and Husqvarna AB, a Swedish outdoor power products manufacturer, have inked a EUR 100 million 7-year loan pact to fund research and development (R&D) efforts from 2022 to 2024 in electrifying motorized equipment. … Read the full press release
Posted in Banks, Business, Electronics & Machinery, Environment, Financial, Finland, Industrial, Investment, Management, News, Sweden, Technology
Tagged Electric Equipment R&D, Husqvarna, NIB, Nicolas Audibert, partnership, sustainability, Sweden
(IN BRIEF) LPKF Laser & Electronics SE achieved its Q1 revenue of EUR 25.4 million and adjusted EBIT of EUR -4.3 million, meeting guidance despite challenges in incoming orders due to project delays. The company made strides in key areas, … Read the full press release
Posted in Business, Economy, Electronics & Machinery, Financial, Germany, Industrial, Investment, Management, News, Technology
Tagged Financial, investment, Klaus Fiedler, LPKF Laser & Electronics SE
(IN BRIEF) ROHM and STMicroelectronics have announced the expansion of their multi-year agreement for the supply of silicon carbide (SiC) substrate wafers. This deal, valued at a minimum of $230 million, will see larger volumes of SiC substrate wafers being … Read the full press release
Posted in Artificial Intelligence (AI), Business, Electronics & Machinery, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Investment, Management, News, Switzerland, Technology
Tagged Dr. Robert Eckstein, Geoff West, Germany, partnership, Röhm, Semiconductor Capacity, SiC Substrate Supply, SiCrystal, STMicroelectronics, sustainability
(IN BRIEF) BMT SPARO®, a pioneering air-ground payload transfer device, has secured a pivotal contract with the British Army, signaling a significant advancement in autonomous logistics within the defense sector. This innovative technology allows drones to conduct precise deliveries from … Read the full press release
Posted in Business, Electronics & Machinery, Environment, Financial, Government, Industrial, Investment, Management, News, Technology, Transportation & Logistics, United Kingdom
Tagged BMT, BMT SPARO®, British Army, Dr. Steve Wright, Drone Deliveries, James Campbell, partnership, Phil Metcalfe, sustainability
(IN BRIEF) CNH Industrial N.V. (NYSE:CNHI) has announced the appointment of Gerrit Marx as its new CEO, effective July 1, 2024. Marx will succeed Scott W. Wine, who, after successfully overseeing the delivery of the 2021 Business Plan, has decided … Read the full press release
Posted in Agriculture, Business, Electronics & Machinery, Industrial, Management, News, United Kingdom
Tagged appointment, CEO, CNH Industrial, Gerrit Marx, leadership, Scott W. Wine, Suzanne Heywood
(IN BRIEF) Bang & Olufsen’s commitment to reducing greenhouse gas emissions has been validated by the Science Based Targets initiative (SBTi), affirming their alignment with the 1.5-degree pathway from the Paris Agreement. With aims to achieve Net-Zero across their value … Read the full press release
(IN BRIEF) Siemens and BILT are pioneering a groundbreaking approach to electrician training by optimizing their 3D Intelligent Instructions for Apple Vision Pro. As the demand for skilled electricians rises, effective training becomes crucial. Leveraging BILT on Apple Vision Pro, … Read the full press release
Posted in Artificial Intelligence (AI), Education, Electronics & Machinery, Industrial, Switzerland, Technology
Tagged 3D Intelligent Instructions, Andreas Matthé, Apple Vision Pro, BILT, digitalization, Electrician training 3D Intelligent Instructions, Hannover Messe, Immersive learning, Industry innovation, Nate Henderson, Peter Koerte, Siemens, Siemens Xcelerator Ecosystem, Spatial models, t Siemens Smart Infrastructure, Xcelerator Ecosystem
(IN BRIEF) Dr. Ivano Malavolta, associate professor at Vrije Universiteit Amsterdam, has been awarded the prestigious Dutch Prize for ICT Research 2024 for his groundbreaking work in energy-efficient robotics software. Presented during NWO ICT.OPEN2024 by Professor Ad Ijzerman and Professor … Read the full press release
Posted in Artificial Intelligence (AI), Awards, Business, Electronics & Machinery, Financial, Industrial, Management, Netherlands, News, Science, Technology
Tagged Awards, Dr. Ivano Malavolta, Dutch ICT Research Prize 2024, Energy-Efficient Robotics Software, NWO, Professor Ad Ijzerman, Professor Han La Poutré
(IN BRIEF) STMicroelectronics, a global semiconductor leader, has inked a ten-year Power Purchase Agreement (PPA) with Centrica Energy for the supply of renewable energy to its Italian operations, starting from January 2025. The agreement, based on approximately 61 GWh of … Read the full press release
Posted in Business, Denmark, Electronics & Machinery, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Italy, Management, News, Switzerland, Technology
Tagged Centrica Energy, Geoff West, Italy, Kristian Gjerløv-Juel, partnership, renewable energy, STMicroelectronics, sustainability, UK
(IN BRIEF) KUKA, a leader in automation and robotics, achieved record-breaking sales revenues exceeding €4 billion in 2023, alongside a substantial increase in EBIT. CEO Peter Mohnen highlighted the company’s resilience and growth amidst fierce market competition and expanding international … Read the full press release
Posted in Business, Economy, Electronics & Machinery, Financial, Germany, Industrial, Investment, Management, News, Technology
Tagged Financial, investment, KUKA, Peter Mohnen, Reinhold Groß
(IN BRIEF) Royal Philips announces the final agreement on a consent decree for its subsidiary, Philips Respironics, with the US Department of Justice (DOJ) and the US Food and Drug Administration (FDA). The decree primarily focuses on Respironics’ US operations, … Read the full press release
Posted in Business, Electronics & Machinery, Financial, Government, Healthcare, Industrial, Investment, Management, Netherlands, News, Security & Safety, Technology
Tagged DOJ, FDA, Philips, Philips Respironics, Roy Jakobs, safety, Steve C. de Baca
(IN BRIEF) Henkel and Samsung have joined forces to introduce a groundbreaking laundry solution tailored for the South Korean market. By combining Henkel’s Persil Deep Clean enzyme technology with Samsung’s advanced AI Bubble™ and AI Auto Dispenser technologies, they have … Read the full press release
Posted in Artificial Intelligence (AI), Business, Electronics & Machinery, Environment, Financial, Germany, Government, Industrial, Investment, Management, News, Technology
Tagged Energy-Efficient Wash Cycles, Henkel, Laundry, Moohyung Lee, Nuria Ribe, partnership, Samsung, South Korea, sustainability
(IN BRIEF) Johnson Controls, a global leader in smart, healthy, and sustainable buildings, has introduced a new suite of residential products optimized for use with low-GWP refrigerant R-454B, aligning with upcoming regulations for reduced hydrofluorocarbon gases. This launch reflects Johnson … Read the full press release
(IN BRIEF) French medtech company Wandercraft secures €25 million financing from the European Investment Bank (EIB) to advance the development of their groundbreaking Personal Exoskeleton. This innovative device, the first self-balancing exoskeleton designed for daily use by individuals with severe … Read the full press release
Posted in Banks, Business, Economy, Electronics & Machinery, Environment, Financial, France, Government, Healthcare, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Technology
Tagged Ambroise Fayolle, Atalante X, EIB, France, Matthieu Masselin, partnership, Personal Exoskeleton Development, rehabilitation, sustainability, Wandercraft
(IN BRIEF) Bang & Olufsen and ADER ERROR have announced a collaborative limited-edition collection titled “The Blueism”, marrying fashion and music through a sleek portable speaker and accessories. ADER ERROR infuses its signature Z-blue color into Bang & Olufsen’s Beosound … Read the full press release
Posted in Apparel, Fashion & Beauty, Business, Denmark, Electronics & Machinery, Entertainment, Financial, Government, Industrial, Investment, Management, News, Technology
Tagged "The Blueism" Collection, ADER ERROR, Andra Gavrilescu, Bang & Olufsen, Beosound A1, fashion, music, partnership, South Korea, sustainability
(IN BRIEF) STMicroelectronics (NYSE: STM) has announced Panasonic Cycle Technology’s adoption of the STM32F3 microcontroller (MCU) and edge AI development tool, STM32Cube.AI, for their TiMO A e-assisted bike. This collaboration introduces an innovative tire pressure monitoring system (TPMS) using advanced … Read the full press release
Posted in Artificial Intelligence (AI), Business, Electronics & Machinery, Environment, Financial, Government, Industrial, Investment, Management, News, Switzerland, Technology
Tagged AI Tire Pressure Monitoring System, e-Assisted Bike, Edge AI Solutions, Japan, Marc Dupaquier, Mr. Hiroyuki KAMO, Panasonic, partnership, STMicroelectronics, sustainability, TiMO A
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