Technology

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

Comcast NBCUniversal Teams Up with Exchange to Provide Service Members with Free Streaming of the Olympic Games Paris 2024

Comcast California

Once again, service members and honorably discharged Veterans worldwide will enjoy free access to NBCUniversal’s full coverage of the 2024 Paris Olympic Games, courtesy of the Army & Air Force Exchange Service and Comcast NBCUniversal. Military members will be able to stream all the action from Paris using their personal devices and computers through ShopMyExchange.com. The Paris Olympics take place July 26 to Aug. 11. More than 5,000 hours of the Paris Olympics will be available to U.S. service members and honorably discharged Veterans. Throughout the Games, the comprehensive offering features live competition across all 39 sports and all 329 medal events, top stories and moments, as well as live streams of select practice and warm-up sessions and extensive video content including event recaps, highlights, viral moments, interviews and more. “We value our relationship with Comcast NBCUniversal and are thrilled to once again be able to team with them to bring the Olympic Games to service members and their families, wherever they are called to serve,” said Air Force Chief Master Sgt. Rich Martinez, the Exchange’s senior enlisted advisor. “The Olympics are one of the biggest events in the world, and we’re excited to play a role in helping our military community cheer on Team USA.” “We’re thrilled to once again partner with The Exchange for the Olympic and The Paralympic Games in Paris. It’s our privilege to provide unprecedented access to this historic event to U.S. military service members and veterans, where the world's greatest athletes will compete against the backdrop of one of the most beautiful cities in the world.” – Mona Dexter, VP of Military & Veteran Affairs at Comcast NBCUniversal. Service members can access NBCUniversal’s coverage from their computers or personal devices by visiting NBCOlympics.com (desktop) and the NBC Sports App (U.S. only) and choosing the Exchange as their service provider. Because of content rights restrictions, an active ShopMyExchange.com account is required. OCONUS viewers must also be physically located on-installation at a military location with internet service through an authorized internet service provider to gain access. Authorized providers have partnered with the Exchange on technical solutions to allow streaming on U.S. military installations in OCONUS. They include: 101 GLOBAL, Allied Telesis, Americable, Babtel, Basefix, Boingo, DHI/TravelWiFi, DSN, LG Uplus, Mediatti Broadband, Solutions by STC, Telecom Italia, TKS and US Wicom. Additional information is available at https://www.shopmyexchange.com/fullpage/static-content/specialty-pages/olympics2024. For more information on how to watch NBCUniversal’s coverage of the 2024 Paris Olympics, click here. -- 30 -- Since 1895, the Army & Air Force Exchange Service (Exchange) has gone where Soldiers, Airmen, Guardians and their families go to improve the quality of their lives by providing valued goods and services at exclusive military pricing. The Exchange is the 54 th -largest retailer in the United States. 100% of Exchange earnings support military communities. In the last 10 years, your Exchange benefit has provided $3.7 billion in earnings that support the military community, including through contributions to critical military Quality-of-Life programs. The Exchange is a non-appropriated fund entity of the Department of Defense and is directed by a Board of Directors. The Exchange is a 50th Anniversary Vietnam War Commemorative Partner, planning and conducting events and activities that recognize the service, valor and sacrifice of Vietnam Veterans and their families in conjunction with the United States of America Vietnam War Commemoration. To find out more about the Exchange history and mission or to view recent press releases please visit our website at http://www.shopmyexchange.com or follow us on X at https://x.com/ExchangePAO. ABOUT NBCUNIVERSAL NBCUniversal is one of the world’s leading media and entertainment companies. We create world-class content, which we distribute across our portfolio of film, television, and streaming, and bring to life through our theme parks and consumer experiences. We own and operate leading entertainment and news brands, including NBC, NBC News, MSNBC, CNBC, NBC Sports, Telemundo, NBC Local Stations, Bravo, USA Network, and Peacock, our premium ad-supported streaming service. We produce and distribute premier filmed entertainment and programming through Universal Filmed Entertainment Group and Universal Studio Group, and have world-renowned theme parks and attractions through Universal Destinations & Experiences. NBCUniversal is a subsidiary of Comcast Corporation. ### 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 connectivity, aggregation, and streaming with 57 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 Adriana Arvizo +1 925-200-1919 Adriana_Arvizo@comcast.com Company Website https://california.comcast.com/

July 18, 2024 08:15 AM Pacific Daylight Time

Image

News Release

Spectra Systems CEO Announces Major Contract with Central Bank for Sensor Manufacturing

Spectra Systems Corp

Spectra Systems Corporation CEO Nabil Lawandy joined Steve Darling from Proactive to share exciting news about the company’s latest achievement. Spectra Systems has secured a substantial contract valued at $37.9 million to manufacture sensors for an existing central bank customer. An additional tranche of $1.7 million is expected later this year upon the signing of the related manufacturing contract. This will bring the total sensor manufacturing revenues from the new contract to $39.6 million. Lawandy explained that revenue recognition for this contract will follow a standard cost accounting basis, with certain progress milestones related to expenditures. The bulk of the revenues from this contract are anticipated to be received from the first quarter of 2025 through the fourth quarter of 2027, with trailing manufacturing contract revenues of approximately $4.5 million extending until 2029. This manufacturing contract is expected to generate profits significantly higher than previously estimated over its term. The increased margins highlight the strong financial performance and strategic importance of this contract for Spectra Systems. Lawandy emphasized the significance of this contract, noting that it strengthens Spectra Systems’ position in the market and underscores the company’s capability to deliver high-quality sensor solutions to major clients. This deal is a testament to Spectra Systems’ commitment to innovation and excellence in sensor manufacturing, providing critical technology for central banking operations. The long-term nature of this contract also ensures a steady revenue stream for Spectra Systems, supporting its growth and profitability goals. With this new contract, Spectra Systems is well-positioned to continue its trajectory of success and deliver exceptional value to its stakeholders. Spectra Systems remains dedicated to advancing its technological capabilities and expanding its market reach, solidifying its reputation as a leader in sensor manufacturing and related technologies. Contact Details Proactive North America +1 604-688-8158 na-editorial@proactiveinvestors.com

July 18, 2024 10:29 AM Eastern Daylight Time

Video

Freelance jobs grow despite AI, finds new data from Freelancer.com

FREELANCER.COM

Freelancer.com (ASX: FLN), the world’s largest freelancing and crowdsourcing marketplace by number of users and jobs posted, today released its quarterly Fast 50 Index for Q2 2024 based on data from 251,000 jobs posted to the platform. Computer Security (up 27.1% from 868 to 1,103 jobs) emerges as the fastest-growing freelance skill on Freelancer.com, based on job postings across more than 2,000 skill categories from April 1 to June 30, 2024. This trend in cybersecurity skills suggests more small-to-medium businesses are turning to freelancers for cyber security support, further backed by Network Administration (up 9.9%, from 1,229 to 1,351) also placing in the top 25 fastest growing jobs on the platform. The data also shows no negative impact on generative AI tools on freelance jobs, evident in the growth of Writing, Business Service, and Legal Skills seen in this quarter’s Fast 50 report, all of which were predicted to decrease with the rise in generative AI. PDF writing (up 26.7%, from 2,533 to 3,210) was the second fastest growing job, followed by third place being Microsoft Word (up 23.9%, from 3,368 to 4,173) projects which are also associated with content writing. Writing job Copy Typing came in at the 16th place, growing 11.6% (from 4,428 to 4,941). Legal jobs, which were expected to have been ‘at threat’ to AI, have also increased (up 12.0% from 1,138 to 1,274), as well as Legal Research (up 10.8% from 917 to 1,016). In addition to the index, Freelancer.com ’s annual AI survey, which surveyed more than 4,100 workers globally, investigated AI impact on income and the initial results are shedding light on earnings. When asked how the introduction of AI tools have impacted earnings, more than half of workers (52.5%) reveal they’re earning either the same or more. One fifth (19.2%) say that they’re earning a lot more since generative AI tools were introduced, while only one sixth (17.7%) admit to earning less. “AI is creating more jobs than it takes. While many critics continue to speculate which jobs will be made redundant with AI tools, the data shows that freelance jobs which are labeled as the ‘most at risk to AI disruption’ are in fact growing. The preliminary results from our AI survey also dispel the myth that freelancer are earning less since the introduction of generative AI as more three quarters of workers we surveyed are either earning the same or earning more, with a subset taking advantage of AI and earning a lot more.” said Matt Barrie, Chief Executive at Freelancer.com. Cybersecurity threats are on the rise across all organizations, but are particularly harmful for small-to-medium sized businesses (SMBs) which have little-to-no security expertise and usually minimal protection. As a result, businesses turned to freelancers for help. In 2Q24, Computer Security jobs ranked as the fastest growing skills (up 27%), indicating there has been an uptick in cyber security threats targeting SMBs. Many of the projects posted throughout the quarter require help with network security, security assessments to identify potential vulnerabilities, and creation of cyber security response play books. General business services are also increasing on the platform as more employers are hiring freelancers to support their small businesses. A clear indication of this is the popularity of Market Research and Telemarketing jobs coming in as the fourth and fifth fastest growing skills in Q2 2024, up by 21.1% (from 1,525 to 1,859) and 19.4% (from 1,177 to 1,405), respectively. Other business related skills grew in Q2 2024, including Sales (up 15.5% from 3.467 to 4,005), Lead Generation (up 12.2% from 1,802 to 2,021) and Business Plans (up 10.9% from 1,197 to 1,328). A sudden increase in General business services means that many of the new businesses, which are usually started at the beginning of the year, now require further assistance in helping grow and scale their business. Fastest Falling Skills for Q2 2024 The main category of jobs that fell in Q2 2024 was eCommerce related jobs, which saw a significant increase in Q1 2024. Shopify Templates, ranked as the fastest falling skill and was down by 13% (from 1,476 to 1,284). CSS, which is commonly used in website development, was also down (11.8% from 9.486 to 8,368). Both WooCommerce (from 1.072 to 952) and Shopify (2,545 to 2,269) also fell in the quarter. The easing of eCommerce jobs in this quarter was mainly due to seasonality. Typically, entrepreneurs will start a business at the beginning of the year, requiring help to set up their websites or eCommerce platforms. From there, the entrepreneur either pivots to hiring freelancers for other business services, such as sales or research which we’ve seen in Q2 2024 fastest growing jobs, or are equipped with enough to run their business without any further help. Fastest Growing Overall Job The most popular online freelancing job by total volume is currently Graphic Design with almost double the amount of projects than the other top skills. Graphic Design is followed by PHP (programming), Photoshop, Website Design and HTML (programming). These are typically the best skills for any new freelancer to focus on initially when starting their freelancing journey. How Electronic Repairs Are Becoming the Fastest Growing Skill Globally Electronic Repairs has emerged as one of the fastest-growing job categories on the platform over the past year. In Q2 2024, it ranked 19th among the top 25 fastest-growing jobs, with a 10.7% increase (from 14,945 to 16,548 jobs). However, its most impressive growth is evident in the year-over-year comparison, where Electronic Repairs jobs surged by 162%, from 6,315 in Q2 2023 to 16,548 in Q2 2024. Electronic Repairs are in-person jobs where freelancers are deployed across select countries and cities to fix laptops, printers and computer hardware as part of the Freelancer Global Fleet Program. ##### Freelancer.com Fast 50 The Freelancer.com Fast 50 index is the world’s largest forward indicator of trends in online jobs related to industries, technologies, products, and companies. The data is based on 251,000 jobs posted to the Freelancer.com platform between 1st April to 30th June 2024. Data: Fast 50 Quarterly Index – Q2 2024 2023 Q2 v 2024 Q2 Fastest Growing Jobs for Q2 2024 Fastest Falling Jobs for Q2 2024 About Freelancer Twelve-time Webby award-winning Freelancer.com is the world’s largest freelancing and crowdsourcing marketplace by total number of users and projects posted. More than 74 million registered users have posted over 23.8 million projects and contests to date in over 2,000 areas as diverse as website development, logo design, marketing, copywriting, astrophysics, aerospace engineering and manufacturing. Freelancer owns Escrow.com and Loadshift. Freelancer Limited is listed on the Australian Securities Exchange under the ticker ASX:FLN and is quoted on OTCQX Best Market under the ticker FLNCF. Contact Details Freelancer.com Marko Zitko +1 650-800-6863 mzitko@freelancer.com

July 18, 2024 07:00 AM Eastern Daylight Time

HTX's "Trade to Earn" Achievements in Q2: $9 Million HTX Tokens Burned, Driving Platform Value Higher

HTX

On July 16, HTX announced that all $HTX repurchased from "Trade to Earn" events in the second quarter of 2024 had been entirely burned. The total amount burned was 7,791,971,428,156 $HTX, equivalent to approximately 9,000,000 USDT (Transaction Hash: 79d65bb23e6172da8a5caeb61ca43f67513e023c347c557e117532566bd142af). The burning of $HTX regulates the market's circulating supply, increasing the asset's scarcity, fostering stable value growth, and bolstering the confidence of $HTX holders. Moreover, this initiative also underscores HTX's strong commitment to its users and the broader community, affirming the belief in the platform's long-term value and sustainable development. More details: https://www.htx.com.cm/en-us/support/54975441179013 During the second quarter of 2024, HTX held 6 "Trade to Earn" events with BTC and ETH, attracting participation from over 20,000 users. These events led to the repurchase and burning of nearly 8 trillion $HTX. In the future, HTX plans to disclose on the 15th day of the first month of each quarter the amount of $HTX bought back and burned from the previous quarter's "Trade to Earn" events, aiming to enhance transparency and openness in event operations. HTX's launch of "Trade to Earn" is intended to enhance user trading experiences, minimize trading costs, and facilitate wealth appreciation, while effectively reducing the circulation of $HTX. By trading designated spot/perpetual futures pairs, users will have the opportunity to share in a daily mega prize pool. During the event period, all fee income generated from both designated spot trading pairs and registered users trading designated perpetual futures pairs will be fully utilized for $HTX buybacks. HTX‘s "Trade to Earn" event has seen widespread user participation and has received positive feedback since its launch. The burning of $HTX is a key component of HTX's deflationary strategy and a commitment fulfilled to its users. HTX upholds transparency and openness by publicly disclosing all details of the token burning process, ensuring that users and investors are informed about $HTX's real-time circulating supply and fostering trust in the platform. Furthermore, the buyback and burning of $HTX are integral to the collective efforts of HTX and the HTX DAO to cultivate a healthy and sustainable digital asset trading ecosystem. Both entities are dedicated to preserving and promoting the long-term prosperity of this ecosystem. About HTX Founded in 2013, HTX has evolved over a decade from a simple cryptocurrency exchange to a comprehensive blockchain business ecosystem. This expansion covers a wide range of services including digital asset trading, financial derivatives, wallets, research, investments, incubation, and more. As a world-leading portal to Web 3.0, HTX is committed to a growth strategy focused on global expansion, ecological prosperity, wealth effect, and safety and compliance. This approach enables us to offer comprehensive, safe, and reliable services and value to virtual currency enthusiasts around the world, reinforcing our position as a global gateway to Web3. Contact Details EE glo-media@htx-inc.com Company Website https://www.htx.com/

July 17, 2024 12:06 PM Eastern Daylight Time

Total Liquidity Pledge to HTX DAO Hits $42.5M After 2nd Round - Bolstering Decentralized Ecosystem

HTX DAO

HTX DAO has announced its receipt of the second Ecosystem Liquidity Pledge took place on July 16, 2024. Through this pledge, 80,223,880 TRX and 9,631,105,301,954.7 $HTX (worth 21,500,000 USDT) have been allocated to SUN.io to enhance liquidity and all LP tokens have been credited to a zero address. As of press, HTX DAO has reportedly received a total liquidity pledge of $42.5 million. The pledge details can be viewed based on the following transaction hash via TRONSCAN, the TRON blockchain explorer. (The amount of $HTX tokens contributed to liquidity is calculated based on the real-time price of $HTX.) 1. Adding Liquidity Hash: acd664c12d9c32e50dce2fd1c9efea4a6b19793949c515ed49ac06cb620e1331 2. LP Tokens Sent to Zero Address Hash: 4a3912ed71f10ca59fbcc2fd61378a4cc54171f78e10f4b091cb0c5aeedfb44e Learn more about the pledge: https://htxdao-1.gitbook.io/announcement-en According to HTX DAO, the Ecosystem Liquidity Pledge mechanism is an innovation crafted to build a decentralized community empowering the ecosystem and address security-related concerns and allegations of centralization. This carefully structured mechanism not only bolsters the resilience and self-sufficiency of the HTX DAO ecosystem but also ensures transparency and accountability in all its operations. As per the previous report, HTX DAO received the initial liquidity pledge on March 15, totaling $21 million. Additionally, the next pledge is slated for October 15, 2024. HTX DAO's liquidity pledge boasts several sources including a portion of the quarterly revenue from HTX (currently 50%) and contributions from other key HTX DAO participants. This pooled pledge is used to add liquidity for the $HTX token on decentralized exchanges, with the resulting LP tokens being permanently burned. It is noteworthy that any HTX DAO participant has the opportunity to voluntarily donate liquidity to $HTX or TRX. This safeguard improves the practicality and decentralization of asset management and ensures that no single pledger within the HTX DAO can exercise exclusive control over the treasury. A proactive approach is taken to manage liquidity in a decentralized fashion, which systematically addresses the matter of centralization in fund custodianship while simultaneously fortifying the security of the pool and $HTX applications. Founded on January 18, 2024, HTX DAO has enlisted 19 major builders to its ecosystem, including HTX, TRON, Poloniex, BitTorrent, Spark Digital Capital, APENFT, Stratified Capital, JustLend DAO, OIG Group, Double Peak, stUSDT, Zebec, USDD, ANKR, SUN.io, Merkle 3s Capital, WINkLink, TUSD, and Owlit Finance. These major builders are all prominent figures from various sectors within the blockchain industry. HTX DAO upholds exceptionally high standards in terms of transparency and community participation. Looking ahead, it fosters a diverse and dynamic landscape where contributors, innovators, and stakeholders collectively shape the trajectory of blockchain evolution. About HTX DAO As a multi-chain deployed decentralized autonomous organization (DAO), HTX DAO demonstrates an innovative governance approach. Unlike traditional corporate structures, it adopts a decentralized governance structure composed of a diversified group, jointly committed to the success of this organization. This unique ecosystem advocates openness and encourages all DAO participants to propose ideas that can promote the development of HTX DAO. Contact Information Website: www.htxdao.com About HTX DAO As a multi-chain deployed decentralized autonomous organization (DAO), HTX DAO demonstrates an innovative governance approach. Unlike traditional corporate structures, it adopts a decentralized governance structure composed of a diversified group, jointly committed to the success of this organization. This unique ecosystem advocates open values and encourages all DAO participants to propose collaborations and protocol enhancements that can promote the development of HTX DAO. Contact Details HTX DAO media@htxdao.com

July 17, 2024 12:03 PM Eastern Daylight Time

Nextech3D.ai Certified as Amazon's 3D Model External Content Provider, Poised for Major Growth

Nextech3D.AI

Nextech3D.ai CEO Evan Gappelberg joined Steve Darling from Proactive to announce that the company has achieved certification as a Certified 3D Model External Content Provider for Amazon. This prestigious designation highlights Nextech3D.AI's outstanding technical expertise and leadership in the 3D platforms sector. Amazon listings featuring 3D models have demonstrated an average twofold improvement in purchase conversions, presenting a high return on investment (ROI) that motivates more sellers to adopt 3D models. As an officially recognized 3D Model External Content Provider for Amazon, Nextech3D.ai is strategically positioned to capitalize on this substantial growth opportunity. Over the past five years, Nextech3D.ai has successfully delivered nearly 100,000 3D models and millions of augmented reality (AR) experiences to hundreds of clients. Nextech3D.ai's patented technology for generating 3D models from 2D and CAD images enables the company to scale the creation of 3D models efficiently. This capability now allows Amazon sellers to publish their 3D models directly to Amazon's stores through a unified platform and team. As an Amazon 3D Model External Content Provider, Nextech3D.ai is offering its advanced 3D modeling solutions to Amazon's vast marketplace, supporting sellers in enhancing their product listings with immersive 3D models. Gappelberg emphasized that this certification not only validates Nextech3D.ai's technical prowess but also opens new avenues for growth and innovation. The company's ability to streamline the 3D model creation process for Amazon sellers is expected to significantly boost their product visibility and sales on the platform. Nextech3D.ai's commitment to leveraging cutting-edge technology to provide top-tier 3D modeling solutions underscores its leadership in the industry and its dedication to driving tangible results for its clients. With this new certification, Nextech3D.ai is well-positioned to expand its reach and impact in the e-commerce space, offering innovative solutions that enhance the shopping experience for consumers and drive business growth for sellers. Contact Details Proactive United States +1 347-449-0879 action@proactiveinvestors.com

July 17, 2024 10:35 AM Eastern Daylight Time

Video

BestGrowthStocks.Com Issues Comprehensive Analysis of Fuelcell Energy

Fuel Cell Energy Inc.

NEW YORK, NY / NewsDirect / July 17th, 2024 / Best Growth Stocks, a leading independent equity research and corporate access firm focused on finding and reporting on the best growth stocks utilizing exclusive ai-assisted research recently issued a comprehensive analysis of Fuelcell Energy, Inc. a global leader in decarbonizing power and producing hydrogen through proprietary, state-of-the-art fuel cell platforms to enable a world empowered by clean energy. Fuelcell Energy, Inc. (NASDAQ: FCEL) has garnered significant investor attention following several strategic developments and innovations. Best Growth Stock's full report includes a comprehensive analysis of Fuelcell’s operations, current pending legislation that could impact Fuelcell’s business, potential catalysts, current short interest, potential growth drivers, financials, share structure, chart setup with support and resistance zones, and more. Access this full analysis with no obligation: https://bestgrowthstocks.com/access-fuelcell-energy-analysis/ Access this full analysis with no obligation: https://bestgrowthstocks.com/access-fuelcell-energy-analysis/ About FuelCell Energy FuelCell Energy, Inc. is a global leader in sustainable energy technologies that address some of the world’s most critical challenges around energy, safety, and global urbanization. It collectively holds 531 fuel cell technology patents in the United States and globally. As a leading global manufacturer of proprietary fuel cell technology platforms, FuelCell Energy is uniquely positioned to serve customers including businesses, utilities, governments, and municipalities with sustainable products and solutions. The company’s solutions are designed to enable a world empowered by sustainable energy, enhancing the quality of life for people around the globe. Learn more at fuelcellenergy.com About Best Growth Stocks Best Growth Stocks is a leading independent equity research and corporate access firm focused on finding and reporting on the best growth stocks utilizing our exclusive ai-assisted research. BGS is also a financial news provider, focused on giving investors direct access to CEOs of promising, publicly-traded companies, and market experts. Our CEO interviews aim to answer the questions that rest on the minds of current and future shareholders. This is not to be construed as financial advice. Please consult with a licensed financial advisor before making any investment decisions. Media Contact Best Growth Stocks Senior Editor: Steve Macalbry Editor@BestGrowthStocks.com SOURCE: BestGrowthStocks.Com Contact Details Media Source LLC Steve Macalbry +1 989-274-7778 Editor@bestgrowthstocks.com

July 17, 2024 08:44 AM Eastern Daylight Time

Image

Laser Photonics Is Trailblazing With Advanced Lasers That Include Cutting-Edge Tech

Benzinga

By Meg Flippin, Benzinga Laser Photonics Corp. (NASDAQ: LASE) has emerged as a leader in laser cleaning and cutting technology, but that’s not the only area it’s trailblazing in. From next-generation laser systems to anti-drone solutions, LPC has many innovations in the pipeline. It shouldn’t come as a surprise. Laser Photonics, which traces its roots back to 1981, has long been recognized as a leading manufacturer of industrial-grade laser solutions for marking, engraving, cleaning and cutting. Leveraging its extensive experience in delivering cutting-edge laser-powered systems to industry leaders across diverse markets and its world-class R&D team, the company owns a number of licenses and patents for innovative and advanced laser products and technologies. The result: a new generation of vanguard laser blasting technologies and equipment that are automated, precise, non-abrasive, eco-friendly and emit no hazardous particles that can harm the operator. Laser Photonics says its technology also addresses the health, safety, environmental and regulatory issues associated with the old methods, which is why it counts Fortune 1000 manufacturers in the aerospace, automotive, defense, energy, industrial, maritime, space exploration and shipbuilding industries as customers. With a multi-billion-dollar market opportunity in laser cutting and cleaning alone, it would be easy for Laser Photonics to sit back and enjoy the ride, but that’s not in its DNA. Innovators at heart, LPC is taking its technology and industry prowess to new levels. Protecting The Skies Take the Laser Shield Anti-Drone System (LSAD), which LPC is testing with parent company, Fonon Corporation. Fonon is a multi-market holding company, R&D center, equipment designer and manufacturer of advanced laser material processing systems for subtractive and additive manufacturing. The two successfully tested a laser prototype that can destroy small-scale unmanned aerial systems (UAS) in conflict zones and expeditionary locations. The prototype was tested at LPC’s new state-of-the-art facility, which features an internal laser range. This enabled Laser Photonics and Fonon to evaluate the proof of concept under controlled conditions. The range served to test the lasers’ capabilities in terms of precision and effectiveness when it came to targeting and destroying distant objects. LPC said the facility will play a crucial role in developing LSAD. “Defense professionals worldwide are focused on anti-drone technology due to its increasing prevalence, which presents an opportunity for LPC and Fonon to collaborate on this project,” said Wayne Tupuola, CEO of Laser Photonics. “We believe that Fonon’s LSAD has the potential to become a must-have technology for modern defense infrastructures.” Mobile And On The Go Then there’s the company’s next-generation upgraded CleanTech laser cleaning systems, which it launched in May. Aimed at on-the-go applications, the new lasers include mobile connectivity for remote monitoring and control, a new compact form factor and a smart overheat protection feature for increased safety. The lasers can be used manually or through its new and improved Robotic Cell unit for automated cleaning. Laser Photonics said the CleanTech Next-Generation Laser Systems are the world’s most compact and portable Class I and Class IV systems in the market. Compact and portable lasers can be useful in many industries – including aviation, manufacturing and shipbuilding – to remove rust, grease, mold and other contaminants. “Modern challenges demand tech-savvy solutions,” says Tupuola. “We are thrilled to roll out our next generation of CleanTech systems. With our new technology improvements, we are ready to tap into diverse market segments and bring in new clients.” Building on its next-generation lasers for cleaning, the company also overhauled its lasers for cutting, rolling out the SaberTech laser-cutting systems. The line will include upgraded versions of the TiTAN Express and TiTAN FX high-power laser-cutting systems. These next-generation systems will feature Turbo Piercing technology, an invention that minimizes the heat-affected zone (HAZ) of the material being processed, thereby reducing material distortion caused by laser heat throughout the cutting operation. By providing fiber laser cutting, LPC gets access to untapped potential in the aerospace, automotive, maritime and defense industries. Taking It To The Next Level Turning the centuries-old multi-billion-dollar sand and abrasives blasting market on its head has always been the goal of Laser Photonics, but it is taking it to the next level with AI and IoT technology. Laser Photonics is adding both to its existing laser products for even more speed, precision and automation. Laser Photonics plans to provide on-site support and AI and IoT training, too, setting it apart from its rivals. The idea is to not only lead in laser cutting and cleaning but also expand through innovation. It's why the company has so many licenses and patents. Laser Photonics has been a leader in laser cutting and cleaning for decades and is taking that expertise to new heights and markets. Its anti-drone lasers and fiber laser-cutting systems are just the start, and many developments can be expected to continue to come from this innovator. Featured photo by Artem Bryzgalov on Unsplash. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

July 17, 2024 08:30 AM Eastern Daylight Time

Image

Briefly Bio launches with $1.2m funding to help scientists reproduce complex experiments

Briefly Bio

Science is in a reproducibility crisis. In preclinical research, it’s estimated that over 50% of efforts to reproduce experiments fail, costing the industry over $50bn each year. Solving this problem, techbio startup Briefly Bio has launched with software that makes lab work more reproducible by helping scientists capture and share their work clearly and consistently. With this launch, Briefly Bio has secured a $1.2m pre-seed funding round. It was led by Compound VC, with participation from NP Hard, Tiny VC and angel investors across tech and biotech. Biological experiments have become increasingly complex. With this growing complexity, details that are critical to our shared understanding are often undocumented and lost. This makes scientific collaboration inefficient: lab scientists struggle to reproduce and build on top of each other's experiments; data scientists do not have the necessary context to analyse the data produced in their labs; and automation teams lack all details to build robotic labs. Briefly Bio is tackling this, creating a shared language for experiments that is consistent across scientists, and clear for any collaborator to understand. Their software uses AI to convert existing experiment descriptions into this consistent format, while automatically filling in gaps and spotting errors. This helps capture the value of every experiment that is run, and enables scientists to learn from each other’s work. Briefly was founded by Dr Katya Putintseva, Harry Rickerby and Staffan Piledahl. They have varied backgrounds, through academia, tech, biotech and robotics. Before founding the company, the three worked together at drug discovery startup LabGenius, where they helped build its ML-driven antibody discovery platform. Harry Rickerby, CEO and co-founder at Briefly Bio, commented: “Scientific methods are a bit like software code, they are a set of instructions that define how an experiment should be run. The majority of this ‘code’ is incomplete, since writing up each experiment completely takes a huge amount of effort. Now, with LLMs, there’s a way to make these methods consistent without imposing on a scientists’ workflow. As Github helped software engineers collaborate and build on each other’s code, we think Briefly can help scientists and engineers do the same with their experiments.” With AI and high throughput experimentation, there is an opportunity for huge improvements in the efficiency of scientific discovery. Hundreds of billions of dollars are being invested through startups and big pharma to take advantage. To realise this potential, science needs more consistency and transparency in how these datasets are generated, since the value of any model is a product of the data it has been trained on. Briefly Bio is building this necessary layer of infrastructure to accelerate scientific discovery in biology. “This is a revolution in documenting lab experiments. It is the future of foolproof knowledge-sharing between scientists” said Dr Gena Nikitin, Founder of Miphic. While Dr Maria Anastasina, Wet Lab Head at the Evolutionary and Synthetic Biology Unit, OIST, added: “Briefly has become a core part of our lab's knowledge base and a great help to me in training researchers and lab management”. And Suparna Kumar, PhD student at Weill Cornell commented: “Briefly Bio has become an indispensable part of my lab routine because it helps me save so much time”. Rob Harkness, CTO of Biosero, added: “We're very excited by what Breifly.Bio can offer with their software tools. Inconsistent and incomplete data can compromise research, making it difficult to reproduce experiments and undermining trust in scientific results. Digitalising and automating laboratory operations can address this, but this effort faces challenges of inefficiency and high error rates, primarily due to the diverse formats in which workflows are presented. Briefly.bio addresses this by converting scientific protocols written in natural language into a common and consistent structured format. This facilitates much faster design and implementation of automated systems, ensuring all critical information is captured and utilized effectively. The result is a significant boost in workflow integration, efficiency, and data quality, all of which are crucial for generating reliable experimental results. This leads to more comprehensive and innovative solutions in lab automation that can only help accelerate scientific research.” Shelby Newsad, Investor at Compound, commented: “The crux of successful science lies in consistent and executable methods. Whereas most bio software companies focus on data and its analysis, Briefly goes upstream to the core problem space of reproducibility via protocols. For the first time in science history, this incentivizes scientists to share more of their previously tacit knowledge. The fact that Briefly-made methods can be built and collaborated upon creates unique potential for network effects from their software.” Briefly Bio is creating a future where scientists can stop reinventing the wheel – spending time and resources on experiments that they can’t reproduce. This will enable scientists to produce datasets that will quickly expand our understanding of biology. About Briefly Bio Briefly Bio is the tool to make lab work reproducible. It helps scientists capture, share their experiments clearly and consistently. Briefly is based in London, UK. For more information, visit https://briefly.bio. About Compound VC Compound is a research-centric, thesis-driven investment firm. We are a team of investors, researchers, and operators. We use our domain expertise, network, and prior experiences to help our founders solve previously unsolvable technical problems, communicate these breakthroughs to the world, and scale commercialization. Contact Details Briefly Bio Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://briefly.bio/

July 17, 2024 08:00 AM Eastern Daylight Time

Image

1 ... 36 37 38 39 40 ... 639