Artificial Intelligence
Ben Franklin Tech Partners to Invest $407K in PA Companies
BETHLEHEM, Pa., Oct. 27, 2020 (GLOBE NEWSWIRE) — The Ben Franklin Technology Partners of Northeastern Pennsylvania’s (BFTP/NEP) Board of Directors has approved the investment of $407,130 in support of regional economic development. Nine companies in BFTP/NEP’s 21-county service area received funding. BFTP/NEP announces the following early-stage company investments, which are provided in the form of loans with warrants.
Hanish Water, Inc., https://www.hanishwater.com/, Hazleton, Luzerne County IntelliGreen, https://intelligreen.net/, West Hazleton, Luzerne County NexUS 1, LLC, https://www.nexii.com/, Hazleton, Luzerne County Raven Biomaterials, LLC, Ben Franklin TechVentures, Bethlehem, Northampton County Ben Franklin provides 1:1 matching funding for work with a college or university partner on technology-based innovation in established manufacturers.
Brenntag Northeast, Inc., https://www.brenntag.com/en-us/about/locations-entities/brenntag-northeast/, Reading, Berks County Oldcastle APG Anchor Central, http://www.oldcastleapg.com/, Easton, Northampton County To help companies accelerate the recovery from the economic crisis caused by the COVID-19 pandemic, the Pennsylvania Department of Community and Economic Development (DCED) provided a $1 million disbursement in May that was matched by Ben Franklin. BFTP/NEP’s Return to Health funding program has included emergency regional investments in 19 start-ups and 19 established manufacturers. The three investments below will complete Ben Franklin’s Return to Health funding.
Rebuilding Northeastern PA Manufacturers Investments allow BFTP/NEP’s recent established manufacturer clients with 250 or fewer employees to develop and implement plans for recovery. Many of these manufacturing firms were partway through the development of innovative production and process enhancements, and failing to complete them would hinder their recovery and growth. These clients will facilitate job retention and creation. Ben Franklin announces the following Rebuilding Northeastern Pennsylvania Manufacturers Investments in two companies, which are provided as matching funding.
B. Braun Medical, Inc., www.bbraunusa.com, Allentown, Lehigh County Reitnouer, Inc., https://reitnouer-trailers.com/, Birdsboro, Berks County Also part of BFTP/NEP’s Return to Health Funding, Next-Generation Pandemic Defense Investments support new Ben Franklin clients that are creating tools and techniques that could help us recover from COVID-19 and/or protect us from future infectious disease outbreaks. BFTP/NEP invested in one early-stage firm with a three-year, 0% interest loan.
ParoAI Inc., http://heyparo.com/, Ben Franklin TechVentures, Bethlehem, Northampton County About the Ben Franklin Technology Partners of Northeastern Pennsylvania
The Ben Franklin Technology Partners of Northeastern Pennsylvania (BFTP/NEP) creates and retains highly paid, sustainable jobs by investing in and linking companies with experts, universities, follow-on funding, and other resources to help them prosper through innovation. It is part of a four-center economic development initiative of the Pennsylvania Department of Community and Economic Development and is funded by the Ben Franklin Technology Development Authority.
BFTP/NEP’s strategy encompasses three key areas:
Since beginning operations in 1983, BFTP/NEP has helped to create 19,257 new jobs for Pennsylvania workers and to retain 43,880 existing jobs, to start 525 new companies, and to develop 2,113 new products and processes. Since 2007, BFTP/NEP clients have generated more than $1.6 billion in follow-on funding. The Pennsylvania Ben Franklin Technology Partners network has returned $3.90 to the state treasury for every $1.00 invested in the program.
BFTP/NEP owns, manages, and is headquartered in Ben Franklin TechVentures®, an award-winning business incubator/post-incubator facility on Lehigh University’s campus in Bethlehem. BFTP/NEP also owns and manages the Bloomsburg Regional Technology Center. Applying more than 35 years of experience and two international awards for excellence in business incubation, BFTP/NEP leads a 13-member business incubator network that is among the largest in the nation.
Laura S. Eppler
Ben Franklin Investment: $100,000
Develop Hanish’s Watercrest water filtration system by supporting drawings, prototypes, testing, and patenting proprietary materials and approaches. Using NASA-derived technology, the WaterCrest whole-house physical water treatment systems provide comprehensive water filtration using no salt, no electricity, no moving parts, requiring no back-washing, and wasting no water. There is a growing global market for effective and efficient water treatment due to industrialization and population growth.
Ben Franklin Investment: $50,000
Expand sales and marketing efforts for a Software-as-a-Service (SaaS) platform to work in tandem with IntelliGreen’s products, which were developed in response to the COVID-19 pandemic. The Intelli-Temp devices can detect and identify a person’s face, including for an individual wearing a mask; direct a person to put on a mask as a requirement to entry; detect a reference temperature within 0.5 degrees accuracy; and provide alerting for fever conditions; all within one second. The Intelli-Temp MAX features a 22’’ screen that enables a display of user-generated content. The investment will allow IntelliGreen to leverage its relationships with four distribution partners and launch the SaaS product and gate-monitoring solution.
Ben Franklin Investment: $100,000
Support marketing and human resource development to leverage state-of-the-art Green building technology and patented materials in the construction of new buildings and retrofit industries. Nexii’s whole-building solution utilizes a patented material, Nexiite, and the proprietary Nexii design and assembly process, which together enable the construction of sustainable, costefficient, durable, and disaster-resilient buildings. Nexii materials can be used for buildings of all heights and sizes, and are suitable for commercial/institutional/industrial, mixed-use, multi-family residential, and single-family detached homes, as well as for retrofitting existing buildings. The NexUS facility will be the first Nexii-certified manufacturer of the system in the U.S., serving the northeast and mid-Atlantic states, and will employ 176 Pennsylvanians.
Ben Franklin Investment: $50,000
Develop and test initial samples of a fundamentally new type of magnetic beads with significantly higher magnetic capability. Raven’s proprietary beads will change the way manufacturers of cellular therapeutics isolate targeted cells within complex mixtures such as blood. The company’s initial target application is to improve cell-based therapeutic manufacturing to enhance performance, reduce costs, and accelerate patient access to emerging treatments such as cell and gene therapy.
Ben Franklin Investment: $15,000
University Partner: Lehigh University’s Enterprise Systems Center
Improve warehouse and operating efficiencies at the Reading plant. Brenntag Northeast is a chemical distributor that provides custom-made distribution solutions for industrial and specialty chemicals. The company delivers specific application technology, extensive technical support, and value-added services including just-in-time delivery, product mixing, formulation, repackaging, inventory management, and drum return handling. With more than 10,000 products and a comprehensive supplier network, Brenntag serves 195,000 customers globally.
Ben Franklin Investment: $15,000
University Partner: Lehigh University’s Enterprise Systems Center
Improve order fulfillment processes, optimize throughput, and enhance facility layout to increase competitiveness at this manufacturer of precast pavers, bricks, and concrete. Oldcastle’s products are used in a broad range of commercial and residential applications.
Ben Franklin Investment: $25,000
University Partner: Lehigh University’s Enterprise Systems Center
Analyze, test, and develop intravenous (IV) tubing materials and manufacturing processes that will provide a consistent product with the desired properties for longer IV tubing. Additional length is required to separate patients with infectious diseases including COVID-19 from caregivers who monitor the IV pumps and fluids.
Ben Franklin Investment: $15,000
Adjust operations to improve production flow and operational efficiencies following decreased sales due to COVID-19. Reitnouer is a leading manufacturer of aluminum flatbed and drop deck trailers. The company utilizes an innovative approach in building the structures that improves product strength and durability. Prior to the pandemic, sales were growing, but the transportation industry has been strongly affected. The investment will improve the company’s productivity and position it for recovery and growth.
Ben Franklin Investment: $37,130
Continue to build Paro’s existing conversational artificial intelligence (AI) healthcare platform by developing Paro Rapport, which will provide healthcare providers, patients, healthcare manufacturers, and health networks a simple-to-use method for asynchronous communication via voice technology. This will address an unmet communication system need that can be leveraged during the COVID-19 pandemic and in future public health crises that limit in-person interactions.
Chief Marketing Officer
Ben Franklin Technology Partners of Northeastern Pennsylvania
Cell 610.417.5261
[email protected]
Artificial Intelligence
Complyport’s new AI tool – ViCA.Chat – set to revolutionise compliance support services
LONDON, June 14, 2024 /PRNewswire/ — ViCA.Chat, the Virtual Compliance Assistant powered by AI technology, is set to transform regulatory compliance consulting. Developed by ComplyMAP Group’s AI engineers and Complyport’s compliance consulting teams, ViCA redefines compliance support services and propels governance, risk and compliance consulting into a new era of innovation.
Offering real-time assistance across a vast array of UK and EU regulatory frameworks, ViCA delivers unparalleled efficiency, detail and precision in disentangling and dealing with complicated regulatory frameworks.
The key differentiator of ViCA is its specialised and purposely constructed unique databases that leverage Complyport’s 22 years of regulatory expertise, combined with tailored AI training tools, enabling ViCA to operate as an experienced compliance consultant. A dedicated human support team continuously improves and updates ViCA’s knowledge and responses through a feedback loop process and quality assurance sessions. This powerful symbiosis of AI and human expertise sets ViCA apart and ensures businesses have the latest regulatory information instantaneously and seamlessly.
As a result, ViCA’s specialised regulatory database goes beyond readily available online resources which feature into traditional AI tools. ViCA offers exclusive insights, proprietary regulatory interpretations, historical data, bespoke and purposely structured compliance documentation and templates. With advanced scraping capabilities, ViCA also extracts relevant data from selected websites and publicly available information, ensuring an up-to-date and comprehensive understanding of compliance requirements across industries.
From agile fintech startups to established law firms, financial institutions, regulatory bodies, insurance providers, as well as compliance consultants, ViCA seamlessly adapts to unique compliance needs. Its user-friendly interface ensures navigating and analysing regulatory data is swift and intuitive, streamlining the compliance workflow.
“ViCA is a game-changer in how regulatory compliance advice will be provided in the future”, commented Luis Parra, Managing Director of ViCA. “With ViCA, compliance insights become available to all. No longer are regulated firms and responsible people overly dependent on advisors and compliance consultants. Through ViCA, the financial system will not only meet but exceed regulatory standards. Moreover, the level of information made available to the public will benefit society as a whole, in its interactions with the financial services sector.”
Among ViCA’s revolutionary features is its cost-effective model, allowing businesses to significantly reduce reliance on traditional spending with external consultants and advisors.
Visit ViCA.Chat to experience the future of compliance support.
Contact:
Name: Luis ParraTitle: Managing DirectorCompany: Vica.ChatTelephone: +44 20 7399 4980 Email: [email protected]
About ViCA.Chat:
ViCA.Chat is a revolutionary Virtual Compliance Assistant powered by cutting-edge AI technology, designed to demystify the complexities of regulatory compliance. Utilising Complyport’s 22 years of regulatory expertise, ViCA offers real-time assistance and guidance across a wide range of regulatory frameworks, setting a new standard for efficiency and precision in compliance support. From fintech start-ups to established law firms, financial services institutions, regulators, regulatory firms, compliance consultants and insurance firms, ViCA caters to the diverse needs of professionals across all levels in the broader UK financial services sector.
Visit ViCA.Chat to learn more.
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Artificial Intelligence
LoRa and LoRaWAN IoT Market worth $32.7 billion by 2029- Exclusive Report by MarketsandMarkets™
CHICAGO, June 14, 2024 /PRNewswire/ — The LoRa and LoRaWAN IoT Market is expected to reach USD 32.7 billion by 2029 from USD 8.0 billion in 2024, at a Compound Annual Growth Rate (CAGR) of 32.4 % during 2024–2029, according to a new report by MarketsandMarkets™.
Browse in-depth TOC on “LoRa and LoRaWAN IoT Market”
320 – Tables 58 – Figures294 – Pages
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Scope of the Report
Report Metrics
Details
Market size available for years
2018-2029
Base year considered
2023
Forecast period
2024–2029
Forecast units
Value (USD Billion)
Segments Covered
Offering, Network Deployment, Application, End User, and Region
Region covered
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
List of Companies in LoRa and LoRaWAN IoT
The Bosch Group (Germany), Cisco (US), Orange SA (France), Comcast Corporation (US), Semtech (US), NEC Corporation(Japan), Tata Communications (India), AWS (US), Advantech (Taiwan), SK Telecom (South Korea), Murata (Japan), Kerlink (France), Actility (France), Digi International (US), MultiTech (US), Ezurio (US), Sensoterra (Netherlands), Nwave Technologies (US), RAKwireless (China), TheThings.io (Spain), Datacake (Germany), Milesight (China), LORIOT (Switzerland), Exosite (US), Orbiwise (Switzerland), Netmore Group (Sweden), and Radio Bridge Inc (US).
The LoRaWAN ecosystem influences development of tools, software libraries, and cloud-based platforms that streamline the creation, deployment, and management of IoT solutions. Continuously evolving, this ecosystem boasts a burgeoning array of vendors providing LoRa-compliant devices, gateways, and network management solutions. This vibrant competition within the ecosystem propels innovation while driving down costs for end-users. Moreover, the development of interoperable solutions fosters seamless integration and deployment of LoRaWAN networks, simplifying the implementation process for businesses and organizations. As the ecosystem continues to expand and mature, it empowers developers, system integrators, and IoT enthusiasts to unleash their creativity, accelerate time-to-market, and unlock the full potential of LoRaWAN technology in diverse applications and industries.
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Based on network deployment, the public network segment to hold the largest market size during the forecast period.
The robust security features integrated into public LoRaWAN networks play a significant role in driving the growth and adoption of LoRaWAN technology in the market. End-to-end encryption ensures that data transmitted between devices and gateways is protected from unauthorized access or interception, safeguarding sensitive information such as sensor readings, location data, and command messages. Message integrity checks verify the integrity of data packets, detecting any tampering or alteration during transmission and ensuring data authenticity and reliability. Additionally, mutual authentication mechanisms establish trust between devices and gateways, verifying the identity of both parties before allowing communication to occur. These security measures provide organizations and end-users with confidence in the integrity and confidentiality of their data, mitigating concerns related to data privacy, cybersecurity threats, and regulatory compliance. As a result, implementing robust security features in public LoRaWAN networks enhances trust and credibility in the technology, driving increased adoption and market growth as organizations seek reliable and secure connectivity solutions for their IoT deployments.
By offering, the services segment is expected to hold a higher growth rate during the forecast period.
IoT service providers are pivotal in driving adoption by developing vertical-specific solutions finely tuned to the distinct needs of industries like agriculture, healthcare, logistics, and smart cities. In agriculture, for instance, IoT services offer solutions for precision farming, crop monitoring, and livestock management, enabling farmers to optimize irrigation, monitor soil health, and enhance yields. Similarly, IoT services facilitate remote patient monitoring, asset tracking, and inventory management in healthcare, improving patient care, reducing costs, and ensuring compliance with regulatory standards such as HIPAA. In logistics, IoT services provide real-time tracking of shipments, fleet management, and predictive maintenance, enhancing supply chain visibility, efficiency, and reliability. For smart cities, IoT services offer solutions for traffic management, waste management, energy optimization, and public safety, transforming urban infrastructure and enhancing the quality of life for residents. By addressing industry-specific challenges, compliance requirements, and use cases, vertical-specific IoT solutions deliver tangible business value, driving adoption and fueling the growth of the IoT services market across diverse sectors.
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Asia Pacific is expected to hold a higher growth rate during the forecast period.
In the Asia Pacific region, where agriculture serves as a cornerstone of many economies, adopting IoT technologies, particularly LoRa and LoRaWAN, is revolutionizing traditional farming practices. LoRaWAN’s long-range connectivity and low-power consumption make it well-suited for deployment in rural agricultural settings, where access to reliable connectivity may be limited. Through LoRa-based IoT solutions, farmers can implement precision agriculture techniques to address pressing challenges such as water scarcity, soil degradation, and unpredictable weather patterns. LoRa-enabled sensors facilitate real-time monitoring of soil moisture levels, temperature, and humidity, allowing farmers to optimize irrigation schedules and conserve water resources. Remote sensing technologies powered by LoRaWAN enable farmers to gather actionable insights on crop health, pest infestations, and nutrient deficiencies, facilitating timely interventions and improving overall crop management practices. Furthermore, LoRa-based crop analytics platforms provide farmers with data-driven decision support tools, helping them optimize planting strategies, improve yield forecasting, and mitigate the impact of climate change on agricultural productivity. By harnessing the power of LoRa and LoRaWAN IoT solutions, farmers in the Asia Pacific region can increase yields, conserve resources, and enhance resilience to environmental challenges, driving the adoption and growth of the LoRaWAN IoT market in the agricultural sector.
Top Key Companies in LoRa and LoRaWAN IoT Market:
The major vendors covered in the LoRa and LoRaWAN IoT Market are The Bosch Group (Germany), Cisco (US), Orange SA (France), Comcast Corporation (US), Semtech (US), NEC Corporation(Japan), Tata Communications (India), AWS (US), Advantech (Taiwan), SK Telecom (South Korea), Murata (Japan), Kerlink (France), Actility (France), Digi International (US), MultiTech (US), Ezurio (US), Sensoterra (Netherlands), Nwave Technologies (US), RAKwireless (China), TheThings.io (Spain), Datacake (Germany), Milesight (China), LORIOT (Switzerland), Exosite (US), Orbiwise (Switzerland), Netmore Group (Sweden), and Radio Bridge Inc (US). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches, enhancements, and acquisitions to expand their footprint in the LoRa and LoRaWAN IoT Market.
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The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
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Artificial Intelligence
Scoring a Seat at UEFA EURO 2024™ with Top-Performing AI-Powered TOSHIBA TV Lineup
HONG KONG, June 14, 2024 /PRNewswire/ — Football fans are in for a treat as they gear up for UEFA EURO 2024™ with Toshiba TV’s top-performing Gaming TV Z670. As the OFFICIAL TV OF UEFA EURO 2024™, Toshiba TVs present immersive viewing of the football game by their AI-powered TV lineup. To celebrate the brilliant moments it can bring, Toshiba TV are gifting USD100 Amazon Gift Card via their social platform! By simply like, follow and comment on @ToshibaTVGlobal, fans can boost their chances of scoring this prize.
Optimized Visuals Tailored for Football Dynamics
The Toshiba REGZA Engine ZRi in Z670 transports football fans into the heart of the action. With the AI Football Mode, they’ll be able to see fast-moving objects crystal clear and football field actions much enriched. To see their favourite player score that winning goal, the AI Picture Optimizer automatically adjusts visual contrast and precision adapted to the game. From vivid green fields and vibrant player kits, every play comes to life with AI 4K Upscaling and Quantum Dot Color, transforming lower-resolution broadcasts into near-4K quality and unleashing lifelike visual color.
Powerful Audio Effects for a Live Stadium Experience
The Toshiba TV Z670’s powerful audio system makes viewers feel like they’re right in the game. With the REGZA Bass Woofer Pro, Tru Bass Booster, and Dolby Atmos, they’ll experience heart-thumping 3D surround sound that captures the live stadium atmosphere. Whether it’s the roar of the crowd or the intensity of each play, the rich audio brings the excitement of each game right into their room.
Bringing Everyone Together for UEFA EURO 2024™
Available in sizes ranging from 55″ to 85″, Z670 is equipped with a Wide Viewing Angle and Anti-reflection features that ensures a clear picture from all viewing positions with the non-glare panel. Gather everyone for “Brilliant Every Moment” in UEFA EURO 2024™ with Toshiba TV!
Please find the high-resolution TVC here: Link
About Toshiba TV:
With 70+ years of history in TV production, Toshiba TV is known for its exquisite craftsmanship, innovative ideas and groundbreaking inventions. By prioritizing superior image quality and auditory experiences, Toshiba TV sets new standards in entertainment. Toshiba TV stems from the excellence quest of customers, providing the world with responsible products to make the world a better place. Emphasizing attention to product details and technological advancement, Toshiba TV integrates aesthetically pleasing design, quality assurance, and brand reputation to underscore its commitment to authenticity in the actual world and a sincere dedication to its consumers, showcasing Toshiba TV’s long-standing design philosophy and continuous pursuit of product quality.
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