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Search and Rescue Robots Market Size to Grow Substantially at 18.2% CAGR from 2020 to 2027 – Report by Market Research Future (MRFR)

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New York, US, Aug. 17, 2021 (GLOBE NEWSWIRE) — Search and Rescue Robots Market Overview:

According to a comprehensive research report by Market Research Future (MRFR), “Search and Rescue Robots Market Information by Operation, Platform, and Region – Forecast till 2027”, the market is projected to grow at a significant CAGR of 18.2% from 2020-2027.

Market Scope

The search and rescue robots market’s growth scope seems promising, backed by a number of encouraging factors including the rise in the number of disasters taking place all over the globe. Most of the disasters in the world are either man-made or natural, some of which are tsunamis, earthquakes, terrorist attacks, volcanic eruptions, industrial accidents, and nuclear meltdowns, which result in casualties that require rescue. In this situation, emergency workers are forced to risk their lives to rescue people in need. This risk of life can be mitigated with the use of search and rescue robots.

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Competitive Landscape:

The important vendors in the global search and rescue robots market are:

  • Boston Dynamics
  • Hydronalix
  • Kongsberg Maritime
  • Lockheed Martin Corporation
  • FLIR Systems, Inc.
  • Howe & Howe Technologies, Inc.
  • Northrop Grumman Corporation
  • Pliant Energy Systems LLC
  • Saab AB
  • Thales Group

These firms work on fostering their geographical reach while launching highly advanced products via numerous strategies, such as acquisitions, partnerships, and collaborations. For instance, in August 2021, DEEP Robotics, a China-based technology firm with focus on building smart quadruped robots, introduced its latest robot dog called Jueying X20. The robot exhibits impressive protection performance in muddy and rain environments. It is a smart quadruped robot with significant adaptability to highly complex terrains as well as extensive applications in public search and rescue, surveying and exploration, security patrol inspection, to name a few.

Primary Growth Boosters

The World Risk Report suggests that most of the disaster risk hotspots around the world are in Southeast Asia, the Oceania, West and Central Africa, as well as Central America. Africa has the highest level of life vulnerability, followed by America and Asia. Search and rescue robots are cutting-edge tools used by rescuers to quickly and easily look for victims stuck in damaged buildings, gather disaster-based information, detect harmful materials, provide first aid kits and function in hazardous situations.

Manufacturers are working on introducing search and rescue robots that are smaller, cheaper, more versatile, and smarter. With the incorporation of Artificial Intelligence, robots can now easily automate processes of searching for victims and detect sources of danger. It is expected that the in the coming years, these robots could autonomously navigate air or water without human intervention. Large-scale investments in search and rescue robots, their components, and software to develop advanced drones that are technically agile and can be used in harsh conditions, should have a tremendous impact on the global market in subsequent years.

The search and rescue robots industry also benefits from the rise in defense expenditure, and the surge in terrorist attacks. With the strong presence of various global as well as regional firms, the competition level in the market is an at an all-time high. Other factors with major impact on the global market include the frequently changing government policies, and vendors competing on the basis of product quality, reliability, and cost.

Browse In-depth Market Research Report (174 Pages) on Search and Rescue Robots: https://www.marketresearchfuture.com/reports/search-and-rescue-robots-market-10599

Market Restraints

Majority of the search and rescue robots are battery-powered with extremely short lives as well as range. Hence, these robots are not ideal for long-distance missions. This restricted endurance of search and rescue robots can work against the global market in the years to come.

COVID-19 Analysis

The COVID-19 pandemic had a grave effect on the defense, maritime, and aviation industry worldwide. The defense industry faced a fall in tax revenues in line with the decrease in GDP, while the government’s major focus is on financially assist the healthcare sector. This has led to the search and rescue robots market growing at a slower pace than before.

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Market Segmentation

With respect to operation, the market caters to autonomous as well as remotely operated. Autonomous robots have the potential to enhance operations and the overall productivity. They help reduce risks to lives, costs, while improving data collection, as a result of which they are heavily used in in hazardous situations and have secured the lead in the global market.

The platforms considered in the MRFR report are maritime, airborne, and land. Autonomous underwater vehicles (AUVs) are majorly responsible for the maritime segment’s dominance in the global industry. AUVs come in a variety of types including medium, large, and shallow. AUVs are used extensively in the oil & gas industry, in addition to oceanography, military & defense, archaeological & exploration, search & rescue operations, and environmental protection & monitoring.

Regional Status

Asia Pacific could project the fastest growth in the next few years, backed largely by rapidly emerging countries like Japan and China that invest substantially in robotics. The robotics sector in the region is thriving as a result of the surge in natural disasters like earthquakes, volcano eruptions and more. The government’s surging involvement to advance the field also works in favor of the APAC market.

The North American market is currently the leader, with Canada and the U.S. standing at the vanguard. These counties make a huge demand for combat search and rescue robots that offer medical services to victims stuck in structural collapses post natural calamities. The focus on upgradation and modernization of search and rescue robots by the governments across the US also facilitates market growth in the region.

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About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

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Artificial Intelligence

Lucinity Appoints Udi Nessimyan as President and Chief Revenue Officer

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REYKJAVIK, Iceland, April 24, 2024 /PRNewswire/ — Lucinity , a leader in generative AI for financial institutions, is thrilled to announce the appointment of Udi Nessimyan as its new President and Chief Revenue Officer. Udi brings to the role a wealth of experience from his time in AI development at some of the world’s most prestigious tech companies, including Sealed.ai, Oracle, and Amazon Web Services.

Gudmundur Kristjansson, Founder and CEO of Lucinity, expressed his enthusiasm about Udi’s appointment, stating, “Udi’s proven track record of driving growth and innovation aligns perfectly with our core mission at Lucinity. His strategic acumen and deep industry knowledge are invaluable as we continue to develop and deliver AI solutions that enhance the efficiency and effectiveness of our clients’ operations.”
Udi’s career highlights include co-founding and leading Sealed.ai as CEO, where he spearheaded the development of a cutting-edge conversational AI platform that redefined standards in business communication. At Basis Technology, he was instrumental in driving sales and operational strategies for their flagship products, including Rosette and various Cyber Forensics tools, achieving an annual recurring revenue growth rate exceeding 30%.
In his new role, Udi will focus on refining Lucinity’s approach to marketing, sales, and customer onboarding. His expertise will be crucial in ensuring that Lucinity’s innovative AI solutions are effectively communicated and reach the right audiences, thereby maximizing their impact and facilitating the adoption of the technology.
“Udi’s involvement is vital as we strive to make our AI tools more intuitive and impactful,” said Kristjansson. “His insights and leadership will enhance our ability to deliver these technologies efficiently and effectively, aligning them closely with customer needs and industry demands.”
Under Udi’s leadership, Lucinity is set to deepen its commitment to unleashing human efficiency with AI, expanding the reach and impact of its mission to create AI that makes people better at what they do.
Lucinity thanks its partners and stakeholders for their continued support and interest as it embarks on this exciting new chapter.
About Lucinity:
Lucinity is a leader in generative AI technologies for financial institutions, designed to accelerate workforce efficiency. Its platform features Luci, an AI copilot that enhances intelligence gathering, analysis, and decision-making, allowing institutions to streamline operations and reduce costs. As an open, configurable, no-code platform, Lucinity is a crucial tool for enhancing productivity and operational efficiency in the financial sector.
Media Contact
Celina PabloSenior Marketing [email protected] +354 792 4321
Logo: https://mma.prnewswire.com/media/2208676/4669079/Lucinity_Logo.jpg

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Artificial Intelligence

Resolutions at ASSA ABLOY AB’s Annual General Meeting 24 April 2024

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STOCKHOLM, April 24, 2024 /PRNewswire/ — The Annual General Meeting of ASSA ABLOY AB was held on Wednesday 24 April 2024 in Stockholm, Sweden.

Adoption of income statements and balance sheets and discharge from liability
The Annual General Meeting adopted the parent company’s and the Group’s income statements and balance sheets for the financial year 2023. The members of the Board of Directors and the CEO were discharged from liability for the financial year 2023.
Dividend 
The Annual General Meeting approved the dividend of SEK 5.40 per share proposed by the Board of Directors, to be paid out in two equal installments, the first with the record date Friday 26 April 2024 and the second with the record date Monday 11 November 2024. The first installment is estimated to be paid on Thursday 2 May 2024 and the second installment on Thursday 14 November 2024.
Election of the Board of Directors and auditor
The Annual General Meeting re-elected Johan Hjertonsson, Carl Douglas, Erik Ekudden, Sofia Schörling Högberg, Lena Olving, Victoria Van Camp, Joakim Weidemanis and Susanne Pahlén Åklundh as members of the Board of Directors. Johan Hjertonsson was re-elected as Chairman of the Board of Directors and Carl Douglas was re-elected as Vice Chairman.
The Annual General Meeting re-elected the audit firm Ernst & Young AB as auditor for the time period until the end of the Annual General Meeting 2025.
Remuneration to the Board of Directors and the auditor
The remuneration to the Board of Directors will totally amount to SEK 9,945,000 (excluding remuneration for committee work). Auditor fees shall be paid according to contract.
Resolution on approval of remuneration report
The Annual General Meeting resolved, in accordance with the Board of Directors’ previously published proposal, to approve the Board’s remuneration report.
Resolution regarding authorization to repurchase and transfer Series B shares in the company
The Annual General Meeting resolved, in accordance with the Board of Directors’ previously published proposal, to authorize the Board of Directors to, on one or more occasions, repurchase Series B shares in the company for the period up until the Annual General Meeting 2025. The repurchase shall maximum comprise so many Series B shares that the company’s holding does not at any time exceed 10 per cent of the total number of shares in the company.
Resolution regarding long-term incentive program
The Annual General Meeting resolved, in accordance with the Board of Directors’ previously published proposal, to implement a long-term incentive program for senior executives and key employees within the ASSA ABLOY Group (“LTI 2024”).
Minutes from the Meeting including complete resolutions will be available on the company’s website assaabloy.com/general-meeting.
For more information, please contact:Nico Delvaux, President and CEO, tel. no: +46 8 506 485 82Erik Pieder, CFO and Executive Vice President, tel. no: +46 8 506 485 72Björn Tibell, Head of Investor Relations, tel. no: +46 70 275 67 68
About ASSA ABLOY
The ASSA ABLOY Group is the global leader in access solutions. The Group operates worldwide with 61,000 employees and sales of SEK 141 billion. The Group has leading positions in areas such as efficient door openings, trusted identities and entrance automation. ASSA ABLOY’s innovations enable safe, secure and convenient access to physical and digital places. Every day, we help billions of people experience a more open world. 
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/assa-abloy/r/resolutions-at-assa-abloy-ab-s-annual-general-meeting-24-april-2024,c3966574
The following files are available for download:
https://mb.cision.com/Main/7333/3966574/2754153.pdf
Press release (PDF)
 

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Artificial Intelligence

GSTS selected by Canada-US Seaways to provide Enhanced Analytics and Voyage Information System Predictability with OCIANA®

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HALIFAX, NS, April 24, 2024 /PRNewswire/ — Global Spatial Technology Solutions (“GSTS” or “the Company”) announced that it has been awarded a contract for a Voyage Information System (VIS) by St. Lawrence Seaway Management Corporation (SLSMC) and Great Lakes St. Lawrence Seaway (GLS) to enhance joint management of bi-national waterways.

GSTS will provide predictions for VIS through OCIANA®, its proprietary, AI powered SaaS platform. OCIANA® is a cyber-secure and scalable system which has been developed in collaboration with, and is used by, ports, shipping lines, pilotage authorities, civil agencies and border security organisations.
At the heart of OCIANA’s offering is robust, predictive data analytics, powered by novel AI algorithms. OCIANA’s data integration framework will assimilate critical information from the Seaway Traffic Management System and GSTS data streams into a predictability model to accurately forecast vessel ETAs, thus providing improved management of voyages and eventually optimizing lockage schedules.
OCIANA® is a flexible platform designed to incorporate the intricate Locks System Rules, ensuring that all vessel movements adhere to safety and operational guidelines. While focusing on a specific segment of the St. Lawrence, vessel management is impacted by dynamic events stretching from the Atlantic approaches to the Great Lakes. The dynamic Lock Schedule Engine leverages various inputs, employing advanced algorithms to manage vessel traffic and schedule lockage, thus enhancing throughput and reducing delays. Through this innovation, OCIANA® will be well positioned to offer superior optimization capability to all major waterways.
“This project will demonstrate OCIANA’s capability to provide unparalleled planning and optimization in a highly dynamic environment impacted by multiple geographic, operational and environmental factors,” said Richard Kolacz, Chief Executive Officer, GSTS. “This award continues to illustrate the versatility of OCIANA® in facilitating enhancements to maritime safety, security and supply chain resilience globally.”
The Great Lakes Seaway system serves as a key supply chain, moving $66B in goods and supporting 356,000 jobs. Optimizing the flow of goods, in a highly dynamic marine trade environment, is crucial to the economies of Canada and the United States.
OCIANA® is configured to adapt to the evolving demands of maritime traffic management, with provisions for incorporating additional data sources and enhancing the Predictability Engine with emerging technologies such as weather machine learning models. GSTS continues to expand its offering to maritime and logistics stakeholders further enhancing its leading position in maritime digitalization and innovation.
About Global Spatial Technology Solutions (GSTS)Global Spatial Technology Solutions (GSTS) is a global maritime intelligence company delivering solutions to enhance decision making across the maritime and logistics industry. Our predictive solutions are enabled by a range of operational, environmental, vessel and cargo data to provide real-time decision making intelligence for ports, terminal operators, shipping lines, logistics companies, importers, exporters, national and international agencies as well as security organisations.
For more information and to explore opportunities to partner with us, contact us today.
Media Contacts: Danica Martis, GSTS, Email: [email protected]

View original content:https://www.prnewswire.co.uk/news-releases/gsts-selected-by-canada-us-seaways-to-provide-enhanced-analytics-and-voyage-information-system-predictability-with-ociana-302125284.html

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