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Microencapsulation Market to Reach $17.31 billion by 2027- Exclusive Report Covering Pre and Post COVID-19 Market Analysis by Meticulous Research®

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London, April 29, 2021 (GLOBE NEWSWIRE) — According to a new market research report titled “Microencapsulation Market by Coating Material (Polysaccharides, Proteins), Technology [Physico-Mechanical (Spray Drying, Coextrusion); Physico-Chemical; Chemical], Application (Pharmaceutical, Food), Core Material, and Core Form – Global Forecast to 2027” published by Meticulous Research®, the microencapsulation market is expected to grow at a CAGR of 11.7% from 2020 to 2027 to reach $17.31 billion by 2027.

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Microencapsulation is a complex technique that involves the creation of shells, whether natural or synthetic, where particles of active ingredients and fragrances are stored and remain protected from the environment. Many products contain active substances that require encapsulation for increased stability. Microencapsulation acts as an important tool for pharmaceutical, food, and home and personal care, among other industries, enabling protection and controlled release of several active agents.

The growth of the microencapsulation market is mainly attributed to the growing demand for pharmaceutical and agrochemical products, rising demand for functional food products, strong growth in the cosmetic industry, growing demand for microencapsulated fragrances due to their wide applications across the home care and personal care industries, and rising R&D investment for improving process efficiency. However, the high production cost of some microencapsulation processes and stringent regulatory requirements are the key factors expected to restrain the future growth of this market.

The microencapsulation market has been segmented into  core material [pharmaceutical & healthcare drugs; food, feed, and nutraceuticals (vitamins and minerals, enzymes, organic acids, prebiotics and probiotics, sweeteners, flavors and colors, amino acids and proteins, essential oils, other core materials); fragrances; agriculture inputs; phase change material; and other core material]; core form (liquid, solid, gas); coating material (polysaccharides, polymers, proteins, lipids & waxes, gums & resins, and others); technology/method [physico-mechanical methods (spray drying, fluidized bed spray coating, coextrusion, spray chilling or congealing, other physico-mechanical methods); physico-chemical methods (coacervation or phase separation methods and other physico-chemical methods); chemical methods (in-situ polymerization and interfacial polymerization); and other microencapsulation methods]; application/industrial sector (pharmaceutical, home and personal care, food, feed, and nutraceuticals, agrochemical and others); and geography. The study also evaluates industry competitors and analyses the market at a country level.

The Impact of COVID-19 on the Microencapsulation Market

As a measure to control the spread of COVID-19 and to avoid its associated consequences, governments across the globe have announced partial or complete lockdowns. This has had a significant impact on many industries globally, hitting hard in terms of reduced manufacturing and distributions across the globe.

Home and personal care and agrochemicals are a few of such industries where manufacturers are facing disruptions in raw material supply because of the coronavirus pandemic. Also, imports and exports in many countries have either been restricted or delayed since the outbreak, creating hurdles for personal care, agrochemicals, industrial, and other product suppliers. This has led to a decrease in demand and revenue for many players operating across these industrial sectors. For instance, Shiseido (Japan), a cosmetic industry player, registered an 18.9% decline in revenue for 2020. Likewise, Kao Corporation registered a decline of 13.8% in its operating profit for the first half of 2020 due to reduced sales across personal care business due to the COVID-19 pandemic. Therefore, the decreased demand and revenue across personal care, agrochemicals, and other industrial sectors during the COVID-19 pandemic has a retaliative impact on the demand for microencapsulation technology from these industries.

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The impact on some home care products, like surface disinfectants & hand sanitizers; nutraceutical & dietary supplements; and some pharmaceuticals was completely inverse with a significant surge in demand during 2020. The consumer purchasing of all types of consumer-packaged goods (healthcare, food and beverages, general merchandise, and home care) experienced unprecedented growth, in some countries reaching gains as high as 96%.

Sales of vitamin and mineral supplements have increased significantly during the pandemic, which has boosted the revenue for the consumer goods multinationals, such as Nestlé, Procter & Gamble, and Reckitt Benckiser. For instance, in the U.S., the CPG sale was ~18% higher in June 2020 than the previous year. Similarly, the demand for vitamin products has sharply increased by 44% during the six weeks ending April 5, 2020, up from the same period in 2019. The increased demand for these products was mainly attributed to the growing focus on health and immunity. The highest surge in demand is observed for microencapsulated dietary supplements, as it provides strong immune function and decreases the health threat possibility.

Moreover, the COVID-19 outbreak highlights the need to prevent the spread by decreasing the risk of contamination. Disinfectants and other home cleaning products play a key role in doing so. The cleaning and disinfection of homes and clothes have gained priority as people look to protect themselves and their families. People have more than doubled the frequency of cleaning their homes and changing the way they wash their clothes. The demand for microencapsulation in the manufacture of home care products has increased. Some of the related examples of the impact on sales, product prices, and production in this category are as follows:

  • The sales of hand sanitizers in the U.K. have seen a year-on-year growth of 255% in February. Simultaneously, British shoppers purchased 7% more liquid hand soaps and spent 10% more on household cleaners than in February 2019.
  • Similarly, with the growth in COVID-19 cases in Italy, the country registered a 29% growth in the sales of hand soap in February 2020.
  • The rising demand for hand sanitizers has significantly increased the prices of hand sanitizers and cleaning agents at outlets across the globe, including supermarkets and online retail markets. For instance, in the U.K., a Defendol hand gel retailing at GBP 3.49 (USD 4.46) in stores are being sold for GBP 109.99 on Amazon. The price growth has also been observed in Italy. One of the Italian sellers on Amazon has increased the price of four three fluid-ounce bottles of sanitizer to EUR 60 (USD 66.77), while ten fluid-ounce bottles of Purell are being sold for EUR 80 on eBay.

Therefore, strong demand for pharmaceuticals, dietary supplements, food and beverages, and home care products due to COVID-19 will support the growth of the microencapsulation market, as millions of tons of microcapsules are manufactured and added to these products to preserve and release active ingredients. Thus, considering the overall impact of COVID-19 across all industrial sectors using microencapsulation technology, the growth rate of the market has significantly declined in 2020 even if this market is registering a positive growth in total.

Quick Buy – Microencapsulation Market Research Report: https://www.meticulousresearch.com/Checkout/58240100

Based on core material, the pharmaceutical and healthcare drugs segment is expected to witness the highest demand through 2027. The high demand of this segment is mainly attributed to the cost-effectiveness as compared to other technologies, particle size reduction for high solubility, and controlled and sustained release of drugs. Also, microencapsulation helps in masking odor and taste.

Based on core form, in 2020, the liquid segment accounted for the largest share of the overall microencapsulation market. Liquid core active substances involve oils, pigments, solvents, perfumes, and agrochemicals, among others. These liquid core materials have the property of getting easily dissolved and dispersed, which needs microencapsulation requirements for their enhanced timely delivery and better performance. 

Based on the coating material, the polysaccharides segment commanded the largest share of the overall microencapsulation market in 2020. Polysaccharides can be obtained from abundant renewable sources and are typically nontoxic, making them valuable for food and pharmaceutical formulations. Further, starch is the most consumed polysaccharide in the human diet as it is generally regarded as safe material and is therefore listed in the GRAS list of the USFDA.

Based on technology/method, the physico-mechanical methods segment accounted for the largest share of the overall microencapsulation market in 2020. The large share of this segment is mainly attributed to the wide range of benefits offered by these technologies, including high production capacity, high recovery efficiency, cost-effectiveness, and simplicity of the process with safety.

Based on application, the food, feed, and nutraceutical segment is expected to witness the highest CAGR during the forecast period, owing to the increasing use of encapsulation ingredients in the F&B industry, strong growth in dietary supplements, and increasing awareness about functional food products.

The report includes an extensive assessment of the key strategic developments by leading market participants in the industry over the past four years. The microencapsulation market has witnessed several mergers and acquisitions, expansions, partnerships, agreements, and collaborations in recent years. The key players operating in the microencapsulation market are Givaudan S.A. (Switzerland), International Flavors & Fragrances, Inc.(U.S.), Encapsys, LLC (U.S.), Reed Pacific Pty Limited (Australia), Firmenich Incorporated (Switzerland), Symrise AG (Germany), Ingredion Incorporated (U.S.), MikroCaps d.o.o (Slovenia), Koehler Innovative Solutions (Germany), Koninklijke DSM N.V. (Netherlands), Sensient Technologies (U.S.), Evonik Industries AG (Germany), Capsularis (France), and Micropore Technologies Limited (U.K.), among others.

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/microencapsulation-market-forecast-3294  

Scope of the Report:

Microencapsulation Market, by Core Material

  • Pharmaceutical and Healthcare Drugs
  • Food, Feed, and Nutraceuticals
    • Vitamins and Minerals
    • Enzymes
    • Organic Acids
    • Prebiotics and Probiotics
    • Sweeteners
    • Flavors and colors
    • Amino Acids and Proteins
    • Essential Oils
    • Other Food, Feed, and Nutraceutical Industry Core Materials
  • Fragrances
  • Agriculture Inputs
  • Phase Change Materials
  • Other Core Materials

Microencapsulation Market, by Core Form

  • Liquid
  • Solid
  • Gas

Microencapsulation Market, by Coating Material

  • Polysaccharides
  • Polymers
  • Proteins
  • Lipids and Waxes
  • Gums and Resins
  • Other Coating Material

Microencapsulation Market, by Technology

  • Physico-mechanical Methods
    • Spray Drying
    • Fluidized Bed Spray Coating
    • Coextrusion
    • Spray Chilling or Congealing
    • Other Physico-mechanical Methods
  • Physico-chemical Methods
    • Coacervation or Phase Separation Methods
    • Other Physico-chemical Methods
  • Chemical Methods
    • In-Situ Polymerization
    • Interfacial Polymerization
  • Other Microencapsulation Methods

Microencapsulation Market by Application/Industrial Sector

  • Pharmaceutical Industry
  • Home and Personal Care Industry
    • Personal Care Industry
      • Skincare Products
      • Haircare Products
      • Deodorants and Perfumes
      • Other Personal Care Products
    • Home Care Industry
      • Laundry Detergents and Fabric Conditioners
      • House Cleaning Agents
      • Other Home Care Products
  • Food, Feed, and Nutraceutical Industry
  • Agrochemical Industry
  • Other Industrial Sectors

Microencapsulation Market by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Rest of Asia-Pacific
  • Latin America
  • Middle East & Africa

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Amidst this crisis, Meticulous Research® is continuously assessing the impact of COVID-19 pandemic on various sub-markets and enables global organizations to strategize for the post-COVID-19 world and sustain their growth. Let us know if you would like to assess the impact of COVID-19 on any industry here- https://www.meticulousresearch.com/custom-research

Related Reports:

European Fragrances Microencapsulation Market for Home and Personal Care Products by Technology/Method [Physico-Mechanical (Spray Drying, Coextrusion); Physico-Chemical; Chemical] Application (Home care and Personal Care); and Geography -Forecast to 2027

https://www.meticulousresearch.com/product/european-fragrances-microencapsulation-market-5144

Food Flavors Market by Origin (Natural, Nature Identical, and Artificial), Type (Vanilla and Dairy), Form (Liquid, and Dry), and Application (Beverages, Dairy Products, Confectionery Products, and Meat Products) – Global Forecasts to 2027

https://www.meticulousresearch.com/product/food-flavors-market-5145

About Meticulous Research®

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

Contact:
Mr. Khushal Bombe
Meticulous Market Research Inc.
1267 Willis St, Ste 200 Redding, 
California, 96001, U.S.
USA: +1-646-781-8004
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Email- [email protected] 
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Artificial Intelligence

LambdaTest launches LambdaTest extension for GitHub Copilot to make test automation pervasive across SDLC and drive developer productivity

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NOIDA, India and SAN FRANCISCO, May 22, 2024 /PRNewswire/ — LambdaTest extension for GitHub Copilot enables AI-powered bridge experiences by seamlessly integrating test and dev workflow. It acts as a test automation copilot, assisting developers with quality assurance capabilities across different stages in SDLC, right where they code.

May 22, 2024, Noida/San Francisco: LambdaTest, a leading cloud-based unified testing platform, announced the launch of the LambdaTest extension for GitHub Copilot. This innovative capability revolutionizes the way developers manage and execute test workflows within their integrated development environments (IDEs).
The LambdaTest extension seamlessly integrates with GitHub Copilot Chat bridging the gap between development and testing workflows. Developers can now trigger test execution directly from their GitHub and VS Code environment, eliminating the need to switch between multiple applications. This streamlined process enhances productivity and accelerates software delivery.
With LambdaTest extension, developers can initiate tests effortlessly with a simple command, bringing testing closer to their code. This capability not only saves time but also enhances collaboration among development and testing teams by providing a unified platform for managing quality software releases, faster.
Moreover, real-time feedback integrated into GitHub Copilot empowers developers to iterate more efficiently, at speed, ensuring the quality and stability of their codebase. By conveniently viewing regression run results within their coding environment, developers and testers can quickly identify and address potential issues or bugs, facilitating faster resolution and delivery of high-quality software.
“LambdaTest Extension for GitHub Copilot is a huge milestone in our commitment to enable devs and QA processionals worldwide with frictionless experiences to accelerate software delivery.,” said Mohit Juneja, VP, Strategic Sales and Partnerships, LambdaTest. “Gone are the days of switching between multiple applications; now, developers can design, trigger, and analyze tests with simple prompts in natural language, without switching context from the IDE.”
The benefits of the LambdaTest extension extend beyond just test execution. It also offers powerful analysis tools, allowing developers to dive deep into test data, identify trends, and make data-driven decisions to continuously improve code quality and stability.
LambdaTest remains committed to driving innovation in the field of software testing, and this capability is another testament to that commitment. By providing developers and testers with tools to streamline processes and deliver high-quality software efficiently, LambdaTest continues to support and empower software development teams worldwide.
The LambdaTest extension for GitHub Copilot is now available for developers and testers. To learn more and get started, visit https://github.blog/2024-05-21-introducing-github-copilot-extensions
About LambdaTest LambdaTest is an intelligent and omnichannel enterprise execution environment that helps businesses drastically reduce time to market through Just in Time Test Orchestration (JITTO), ensuring quality releases and accelerated digital transformation. Over 10,000+ enterprise customers and 2+ million users across 130+ countries rely on LambdaTest for their testing needs.
Browser & App Testing Cloud allows users to run both manual and automated tests of web and mobile apps across 3000+ different browsers, real devices, and operating system environments.HyperExecute helps customers run and orchestrate test grids in the cloud for any framework and programming language at blazing-fast speeds to cut down on quality test time, helping developers build software faster.For more information, please visit, https://lambdatest.com
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DeepL announces $300 million investment at $2 billion valuation fueled by global demand for AI language solutions

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Index Ventures led heavily oversubscribed round with participation from late-stage investment firms ICONIQ Growth, Teachers’ Venture Growth, and more Rapid enterprise adoption of DeepL has fueled the company’s growth in 60+ global markets for 100,000+ businesses, governments, and other organizationsDeepL’s Language AI Platform for business provides category-leading AI-powered translation and writing solutions COLOGNE, Germany, May 22, 2024 /PRNewswire/ — DeepL, a leading Language AI company, today announced $300 million of investment at a $2 billion valuation. Led by Index Ventures, the heavily oversubscribed round attracted strong support from new investors, who will bring their extensive expertise, connections, and resources to support DeepL’s growth and long-term vision to transform the way companies communicate around the world. Additional late-stage investors, including ICONIQ Growth, Teachers’ Venture Growth, and others, also participated, along with existing investors IVP, Atomico, and WiL.

“We’re approaching an inflection point in the AI boom where businesses who are racing to adopt the technology begin to discern between hype versus solutions that are secure and actually solve real problems in their business,” said Jarek Kutylowski, founder and CEO of DeepL. “This new investment comes during what is on track to be DeepL’s most transformative year yet and is a testament to the crucial role that our Language AI platform has in solving the complex linguistic challenges global companies face today. We’re highly focused on continued growth and innovation to expand our solutions and ensure they remain industry-leading in terms of quality, precision, and security. This will bring us closer to a future where every company, regardless of location, can operate seamlessly on a global scale with our AI.”
The new investment comes during a period of significant growth and momentum for DeepL, which has amassed a customer network of 100,000+ businesses, governments, and other organizations worldwide. This network includes Zendesk, Nikkei, Coursera, and Deutsche Bahn, who rely on its highly accurate and secure enterprise Language AI platform to deliver seamless communication, driving international growth and cost savings. In response to surging demand from global enterprises, DeepL has accelerated its expansion efforts and strategic investments into key markets over the past year. In January 2024, DeepL deepened its commitment to the U.S.—now its third largest market—by opening its first office in the region. The company continues to expand its team in the U.S. to support growing demand.
Within the last 12 months, DeepL has also substantially broadened its product offerings tailored for businesses. In April 2024, the company launched DeepL Write Pro, a writing assistant specifically tailored for business writing, powered by its own proprietary LLM technology. The company also continues to expand the range of languages supported by its platform with the recent additions of Arabic, as well as Korean and Norwegian, bringing its total number of languages to 32.
“DeepL’s runaway success is a bit of an ‘open secret’ in the business community,” said Danny Rimer, who led the investment from Index Ventures. “The company is exceptionally thoughtful about creating cutting-edge AI products that deliver real and immediate value to their customers. Jarek and the rest of the DeepL team are equally research and commercially minded – both of which are key to the company’s success.” Index Ventures is recognized for its investments in highly successful SaaS businesses like Figma, Slack, Wiz, and Scale AI.
Demand for AI solutions among global enterprises is on the rise. A recent IBM study found that 42% are already actively deploying AI and 40% are exploring its potential. Within this rapidly evolving landscape, DeepL is leading the way in applying AI to transform the $67.9 billion language industry, which is projected to grow to $95.3 billion by 2028.
Since its inception in 2017, DeepL has become the Language AI provider of choice for businesses across multiple industries including manufacturing, legal, retail, healthcare, technology, and professional services. The company’s specialized Language AI platform has become a critical investment for global businesses today, addressing a variety of communication challenges ranging from internal communications to customer support and international market expansion. Unlike general-purpose AI systems, DeepL’s cutting-edge translation and writing solutions rely on specialized AI models specifically tuned for language, resulting in more precise translations for a variety of use cases and a reduced risk of hallucinations and misinformation. In business translation and writing, accuracy is paramount, making specialized AI models the most reliable and preferred solution for language challenges.
DeepL’s Language AI platform is also proven to drive significant cost savings and efficiencies. A 2024 Forrester study revealed that the use of DeepL delivered 345% ROI for global companies, reducing translation time by 90% and driving a 50% in workload reduction, underscoring, in our opinion, the power of its platform for businesses looking to grow their revenue and enter new markets faster and at scale.
“At Zendesk we see first hand the power of infusing AI tools into customer experience, and DeepL’s industry-leading translation is a prime example,” said Adrian McDermott, CTO, Zendesk. “The ability to have accurate AI translation allows companies from startups to large enterprises the ability to scale globally, reaching prospects and existing customers in new ways. Zendesk’s open and flexible platform allows for seamless partnerships, and the tangible results we’ve seen so far from joint customers have us looking forward to continued work with DeepL.”
Looking ahead, DeepL will continue to invest in research and product innovation to strengthen its suite of leading AI communication tools for businesses. The company is also doubling down on global market expansion and talent recruitment across multiple areas including AI research, product, engineering, and GTM.
 
About DeepLDeepL is on a mission to break down language barriers for businesses everywhere. Over 100,000 businesses, governments and other organizations and millions of individuals in 63 global markets trust DeepL’s Language AI platform for human-like translation and better writing. Designed with enterprise security in mind, companies around the world leverage DeepL’s AI solutions that are specifically tuned for language to transform business communications, expand markets and improve productivity. Founded in 2017 by CEO Jaroslaw (Jarek) Kutylowski, DeepL today has over 900 passionate employees and is supported by world-renowned investors including Benchmark, IVP and Index Ventures.
Contact:Sebastian RiesOpeners [email protected]+49 1578 058 8488
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Hyundai Motor and Plus Announce Collaboration to Demonstrate First Level 4 Autonomous Fuel Cell Electric Truck in the U.S.

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Hyundai Motor and Plus collaboration aims to enhance road safety and freight efficiencies by demonstrating benefits of XCIENT Fuel Cell truck equipped with Plus’s Level 4 autonomous driving softwareHyundai Motor’s Class 8 XCIENT Fuel Cell truck featuring Plus’s Level 4 SuperDrive™ system is on display at the Plus ACT Expo booth (#2044)LAS VEGAS and SEOUL, South Korea, May 22, 2024 /PRNewswire/ — Hyundai Motor Company (Hyundai Motor) and autonomous driving software leader Plus today unveiled the first Level 4 autonomous Class 8 hydrogen fuel cell electric truck in the U.S. at the Advanced Clean Transportation (ACT) Expo, the largest advanced clean transportation technology and fleet event in North America.

A result of the collaboration between Hyundai Motor and Plus, Hyundai Motor’s XCIENT Fuel Cell truck, equipped with Plus SuperDrive™ Level 4 autonomous driving technology, is on display at the Plus ACT Expo booth (#2044).
The Level 4 autonomous XCIENT Fuel Cell truck is undergoing initial autonomous driving assessments in the U.S., making it the first-ever Level 4 self-driving test on a Class 8 fuel cell electric truck to take place in the country. The collaboration seeks to show that autonomous hydrogen fuel cell trucks can help make trucking safer, more efficient, and more sustainable.
“We are excited to showcase our collaboration with Plus to test Level 4 autonomous driving technology with our Class 8 XCIENT Fuel Cell truck,” said Martin Zeilinger, Executive Vice President and Head of Commercial Vehicle Development at Hyundai. “Hyundai Motor has been driving the energy transition paradigm with our advanced fuel cell technologies. By adding autonomous capabilities to our world’s first mass-produced hydrogen-powered XCIENT Fuel Cell truck, Hyundai is looking forward to providing fleets and vehicle operators additional solutions that enhance road safety and freight efficiencies thanks to Plus’s industry-leading autonomous driving technology.”
First introduced in 2020, Hyundai Motor’s XCIENT Fuel Cell truck has conducted commercial operations in eight countries worldwide, establishing a successful track record of real-world applications and technological reliability.
At last year’s ACT Expo, Hyundai introduced XCIENT Fuel Cell tractor, the commercialized Class 8 6×4 fuel cell electric model, powered by two 90kW hydrogen fuel cell systems and a 350kW e-motor, providing a driving range of over 450 miles per charge even when fully loaded.
Plus’s SuperDrive™ solution is being deployed across the U.S., Europe, and Australia. The system uses a combination of cutting-edge sensors, including LiDAR, radar and cameras, to provide surround perception, planning, prediction and self-driving capabilities.
“We are thrilled to collaborate with Hyundai Motor Company on this important initiative to create more sustainable and safe transportation options. A decarbonized future with autonomous hydrogen fuel cell electric trucks that also improve safety and efficiency is one that Plus is proud to support with our cutting-edge autonomous driving technology,” said Shawn Kerrigan, COO and Co-Founder at Plus.
Hyundai Motor and Plus have released a video highlighting their collaboration, which can be seen here: https://www.youtube.com/watch?v=_d19h_v7abo.  
About Hyundai Motor Company
More information about Hyundai Motor and its products can be found at: https://www.hyundai.com/worldwide/en/ or Newsroom: Media Hub by Hyundai
About Plus
For more information, visit http://www.plus.ai/.
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