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REE unveils fully autonomous concept vehicle based on its modular electric vehicle platform

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REE Automotive, a developer of e-mobility technologies, has unveiled its autonomous concept vehicle based on a new “ultra-modular” electric platform design.

The full-scale concept is geared for customers including last-mile autonomous and electric delivery companies, delivery fleet operators, e-retailers and technology companies seeking to build fully autonomous solutions.

Fully-autonomous delivery fleets “Powered by REE” will allow customers to build autonomous and electric vehicle fleets according to their exact specifications with unmatched interior space for transporting passengers and cargo. REE’s technology will be seamlessly integrated with any top hat and autonomous hardware. [Read more…] about REE unveils fully autonomous concept vehicle based on its modular electric vehicle platform

How Do Emergency Alert Apps Work?

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There are many things going on in the world today, for example, wars, pandemics, social tensions, and protests. With all of this, it is more important than ever to stay in touch and keep others informed about the latest developments.

This state of affairs has prompted many developers and scientists to pay closer attention to the modern means of communication available to almost everyone – smartphones, smartwatches, and tablets.

The signal coverage area of cellular networks in all developed countries is approaching 100 percent. If you add up the first part of the paragraph and the second, we can conclude that the article is about emergency communication app and the ways to use it. [Read more…] about How Do Emergency Alert Apps Work?

Russia’s Sber Bank establishes new science award with $820,000 prize money

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Sber, Russia’s largest banking group, has created a competition to find innovative startup companies in the country, pledging to give approximately $270,000 in prize money to the winners.

It’s officially the “Year of Science and Technology” in Russia, so Sber decided to mark it by establishing the Sber Science Award, which is planned to be an annual science award to support the research and development efforts that have a considerable potential to impact the progress of science and technology.

Three winners will receive 20 million roubles (approximately $270,000) in prizes. The total prize pool of the science award reaches 60 million roubles (approximately $820,000). [Read more…] about Russia’s Sber Bank establishes new science award with $820,000 prize money

Foxconn invests in wireless power startup’s $25 million Series B funding round

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Powermat Technologies, a wireless power technology startup, says Foxconn has made a “significant investment” as part of a $25 million Series B round.

Foxconn Interconnect Technology, the contract manufacturing giant’s connectivity solutions developer,took part in the funding round along with Hudson Sustainable Group, a founding shareholder of Powermat.

Powermat’s innovative wireless power technology is a critical enabler of the smart mobility, autonomous robotics, industrial drones, medical devices, telecom, and internet of things industries, where Powermat is experiencing exponential growth. [Read more…] about Foxconn invests in wireless power startup’s $25 million Series B funding round

Benefits of Hiring an Offshore Development Team

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The use of offshore development teams began back in the late eighties. The companies that use them today have seen tremendous success. The ones that have not switched over need to catch up with the times.

Professionals from around the world all agree that new startups need to take the time to find an offshore development team to help them gain traction, and to ensure that they make a profit quickly.

Fortunly has found that 54 percent of all companies use offshore teams, and out of those 78 percent of them feel that it has had a positive impact on them. [Read more…] about Benefits of Hiring an Offshore Development Team

Sarcos Robotics ‘merges’ with Rotor Acquisition

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Shareholders in Rotor Acquisition, a publicly-traded special-purpose acquisition company, have approved what’s being described as a “business combination” – possibly meaning a merger – with Sarcos Robotics, a maker of exoskeletons.

Upon completion of the transaction, subject to the satisfaction of certain customary closing conditions, Rotor will change its name to Sarcos Technology and Robotics Corporation.

The post-closing company’s common stock and warrants are expected to commence trading on the Nasdaq under the ticker symbols “STRC” and “STRCW” respectively. [Read more…] about Sarcos Robotics ‘merges’ with Rotor Acquisition

Advanced Driver Assistance Systems predicted to grow to $63 billion by 2024

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The global market for Advanced Driver Assistance Systems (ADAS) is projected to be valued $63 billion by 2024, according to a report by Accurize Market Research. 

The sector is expected to see a compound annual growth rate of 10.7 percent from 2017 to 2025.

Advanced driver assistance systems, or ADAS, are systems developed to automate, adapt, and enhance vehicle systems for safety and improved driving to assist the driver in the driving procedure. [Read more…] about Advanced Driver Assistance Systems predicted to grow to $63 billion by 2024

Proposed new European laws will cause ‘severe damage’ to industry, warn global robotics leaders

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The European Commission’s proposed AI Act and updated regulations on machinery products will cause “severe damage” to European small businesses, robotics companies and innovation, according to four of the most influential voices in robotics and automation.

Together, the International Federation of Robotics, the VDMA Robotics + Automation Association, EUnited Robotics and REInvest Robotics urgently call on European policymakers to revisit and amend the proposals. [Read more…] about Proposed new European laws will cause ‘severe damage’ to industry, warn global robotics leaders

How Internal Communications Can Fuel Business Growth

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Internal communications can be a powerful tool for businesses. Effective communication helps employees work better together while providing customer-facing workers with important information to do their jobs effectively.

To get a better understanding of why you need to polish this element of your business management cleanly, here are some tips you can check out. Taking the time to understand communications best practices may help you create a comprehensive internal communications strategy. [Read more…] about How Internal Communications Can Fuel Business Growth

SVT Robotics raises $25 million in Series A funding round led by Tiger Global

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SVT Robotics, whose software accelerates and simplifies the integration and implementation of robotics, has closed a $25 Million Series A funding round.

The investment was led by Tiger Global, with participation from Prologis Ventures.

Griffin Schroeder, partner at Tiger Global, says: “With no ‘plug-and-play’ integration solution for industrial robotics, warehouses and manufacturers have been prevented from quickly deploying the automation they need to keep pace with the dramatic shifts in labor dynamics we’ve seen over the past year. [Read more…] about SVT Robotics raises $25 million in Series A funding round led by Tiger Global