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Global Surface Inspection Market By Surface Type, By Deployment Type, By Component, By End User, By Regional Outlook, Industry Analysis Report and Forecast, 2021 – 2027

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New York, Oct. 26, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Surface Inspection Market By Surface Type, By Deployment Type, By Component, By End User, By Regional Outlook, Industry Analysis Report and Forecast, 2021 – 2027” – https://www.reportlinker.com/p06177786/?utm_source=GNW
Cameras and sensors are considered as the crucial components of this system. Powerful lenses capture outside images and transfer them to the computer where they are processed in a digital format. On the basis of pre-determined criteria, the software can detect much smaller variations. The system compares the data with target values or reference images.

Laser technology is also used to scan surfaces, which generate three-dimensional images in the computer. In addition, test systems are capable of detecting the defects on the surface and can decide whether the product is defective or not. The vision surface inspection can be performed with much faster production processes by using efficient microchips & high-resolution cameras and wide capacities of the computer. In addition, recordings are taken from various cameras and from various perspectives to display the product completely in one operation. Moreover, the technology can test even the surfaces that are not smooth and goods by the meters like fabrics, plastic films, cables, and latex.

The objective of the surface inspection is to identify errors in the surface for good quality control in real-time. This system finds extensive applications in industries like semiconductors and electronics, which are witnessing high deployment of high-level integration. Additionally, the tolerance level of assembly has reduced, owing to which the demand for surface inspection systems is anticipated to fuel in the forthcoming years. Moreover, the increasing income levels and growing population are some determinants that will propel the growth & demand of these solutions in the market.

COVID-19 Impact

The outbreak of the COVID-19 pandemic has created a massive burden on the global healthcare industry, which has significantly affected various industries and markets including the surface inspection market. Several small and medium manufacturers of surface inspection systems witnessed a negative impact of the pandemic. This is attributed to the halt in operations of the automotive sector for about one and half years. The automotive sector is considered to be the biggest industry contributing to the growth of the surface inspection market. In addition, the sales of vehicles decreased across the world, owing to the travel bans and lockdowns imposed in various nations around the globe.

As stated by World Trade Organization, the exports of automobile products significantly reduced in 2020 across the world. However, it is anticipated that the surface inspection market would witness promising growth, owing to factors like advanced software, the growing implementation rate of smart cameras, the surge in labor costs in several nations, powerful image processors due to their benefits & features, a growing number of initiatives by governments & public-private companies to reduce the impact of the COVID-19 and rise in demand of electrical & electronic devices.

Market Growth Factors:

Benefits offered by powerful image processors and smart cameras have boosted their deployment

The performance of a surface inspection system is decided by the features and technologies of components like optics, processors, software, illumination equipment, camera, and image sensors. There are several improvements done in embedded processors due to which, smart cameras are able to extend the capabilities that enable them to implement inspection activities separately.

Extensive implementation of collaborative robots (cobots)

To cope up with the demand of the evolving world, surface inspection systems are now incorporated with robots that are helping in enhancing the processing speed, decreasing human errors, and reducing costs. Another name given to surface inspection systems is VGR systems that are utilized in various industries such as electronics, food processing, and automotive. The increase in the demand for robots is directly proportional to the demand for surface inspection systems.

Market Restraining Factor:

Complexity in interoperability and integration of varied robotic frameworks with available facilities

In a manufacturing company or factory, interoperability is a major function. To coordinate and connect software and hardware with several inspection systems, there is a need for a modular framework. The focus is given on both, hardware interchangeability between surface inspections (vision system) & robot arms and software that is utilized for monitoring, diagnosing, and programming.

Surface Type Outlook

Based on Surface Type, the market is segmented into 2D and3D. 3D techniques offer accurate data that help manufacturers in obtaining precise results. Also, 3D scanning has gain traction as it provides superior speed and accuracy in both point cloud data processing and 3D scanners, which has made it a more helpful and popular method of capturing surface geometry. Additionally, it is identified that 3D techniques have the capability to overcome the drawbacks of 2D techniques, which is enabling manufacturers to inspect the product in a 3-dimensional way.

Deployment Type Outlook

Based on Deployment Type, the market is segmented into Computer based and Camera based. The Computer-based segment would acquire a prominent growth rate in the surface inspection market during the forecast years. The benefits like greater processing power, higher speed, choice of line scan or area scan cameras, adaptability with third-party software, easy upgrades due to detachable components, and more flexibility to handle a large number of applications are provided by computer-based systems, hence boosting the demand & growth of the segment in the global market.

Component Outlook

Based on Component, the market is segmented into Cameras, Lighting Equipment, Processors, Software, Frame Grabbers & Optics, and Others. With the evolving time, cameras are witnessing up-gradation in their resolutions and frame rate. Additionally, cameras and software are irreplaceable whereas other components are being replaced due to a decrease in their demand. Moreover, camera-based systems equipped with onboard processors are highly available in the market due to which, the demand for standalone processors is anticipated to decrease over the forecast period.

End User Outlook

Based on End User, the market is segmented into Semiconductor & Electronics, Food & Beverages, Healthcare, Automotive, Paper & Wood, Glass & Metal, Plastic & Rubber, and Others. The automotive industry needs numerous cameras in order to inspect several sizes and shapes in 2D and 3D planes. It is witnessed that the market has grown rapidly in the past few years and is growing at the same speed in several segments like electric vehicles and luxury vehicles. In addition, 2D and 3D technologies are also required in semiconductor manufacturing as it comprises numerous steps in quality inspection, from the inspection of the correct positioning of components to the identification of cracks on PCBs. Moreover, 2D and 3D cameras are gaining traction in this industry as computer-based systems contain various sockets that can be easily connectable with them.

Regional Outlook

Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. The North America market is among the major regions in the Global Surface Inspection Market by Region in 2020, growing at a CAGR of 7.8 % during the forecast period. The Europe market is experiencing a CAGR of 8% during (2021 – 2027). Additionally, The Asia Pacific market is expected to witness a CAGR of 9.2% during the forecast period.

The major strategies followed by the market participants are Product Launches. Based on the Analysis presented in the Cardinal matrix; Panasonic Corporation, Keyence Corporation, Ametek, Inc. are the forerunners in the Surface Inspection Market. Companies such as Cognex Corporation, Teledyne Technologies, Inc., Basler AG are some of the key innovators in the market.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Omron Corporation., Panasonic Corporation, Keyence Corporation, Cognex Corporation, Teledyne Technologies, Inc., Basler AG, ISRA Vision AG (Atlas Copco), Ametek, Inc., VITRONIC Machine Vision, and Matrox Electronic Systems Ltd.

Recent Strategies Deployed in Surface Inspection Market

Partnerships, Collaborations and Agreements:

Sep-2021: Cognex came into partnership with Cobot Nation, the first all-in-one service provider for automated cobots. This partnership aimed to provide industry-leading expertise to its customers along with maintaining the customization and versatility to cater to the needs of customers.

Aug-2021: Keyence Corporation came into partnership with Ambi Robotics, the leader in simulation-to-reality AI for supply chain robotics. Under this partnership, the companies would apply the SR-5000 Series Logistics Code Reader to AmbiSort. Through this partnership, Ambi’s parcel sorting robots would be able to collect data at high speed and increase throughput for global delivery brands.

Apr-2021: Panasonic Avionics Corporation came into partnership with 8tree. Under this partnership, OEM-approved dentCHECK dent-mapping/reporting service would be available at select Panasonic Technical Services (PTS) regional line stations: Los Angeles International Airport (LAX). In addition, this offering would enable Panasonic Avionics customers with a precise, convenient, and effective method to safeguard their commercial aircraft investment, eliminating unnecessary cost and time delays.

Mar-2021: Omron Corporation teamed up with OnRobot, the Danish manufacturer of tools for collaborative robot (cobot) applications. Under this collaboration, the companies aimed to provide their clients greater agility while executing collaborative solutions. In addition, these collaborative solutions would increasingly be considered to be one of the most effective processes of improving the performance of production lines.

Mar-2021: Teledyne e2v teamed up with Yumain, the world’s leading vision solutions. This collaboration aimed to develop AI-based imaging solutions for machine vision. In addition, the popularity of AI has offered several benefits to the industry over traditional rule-based methods.

Acquisitions and Mergers:

May-2021: Teledyne Technologies took over FLIR Systems, a world leader in the design, manufacture, and marketing of thermal imaging infrared cameras. The acquisition aimed to offer a comprehensive portfolio of imaging technologies and products ranging from X-ray via infrared and from components to complete imaging systems.

Dec-2020: ISRA VISION, together with Atlas Copco took over Perceptron, a leading global provider of 3D automated measurement solutions and coordinate measuring machines. This acquisition aimed to provide clients across the world with a comprehensive portfolio of ISRA VISION and Perceptron products for the automation of major applications for several industries.

Product launches and Product Expansions:

Aug-2021: Omron Corporation introduced PCB inspection system VT-S10 Series. This system features the first imaging technique and AI to automate the high-precision inspection procedure for electronic substrates, hence cutting down the requirement for specialist skills.

Aug-2021: Teledyne launched Sapera Vision Software Edition 2021-07. This product would provide control, image processing, field-proven image acquisition, and artificial intelligence functions to develop, design, and deploy high-performance machine vision applications.

Aug-2021: Basler unveiled Basler boost camera with a high-resolution 45 MP XGS sensor and CXP-12 interface. Integrated with the single-channel CXP-12 interface card 1C, the application also offers various advantages from low latencies, a low CPU load, and high data throughput.

May-2021: Cognex unveiled a new 3D-L4000 system that integrates speckle-free blue laser optics and a broad selection of true 3D vision tools. This system quickly captures and processes 3D images with high-quality inspection and guidance functions.

May-2021: Matrox Imaging launched Matrox Iris GTX model edge IoT devices and the next evolution of its smart cameras. These smart cameras preserve the same small footprint and cabling connections as their immediate predecessor to facilitate implementation and up-gradation.

Mar-2021: Matrox Imaging launched Matrox Supersight Solo, Matrox Supersight Duo, and Matrox Supersight Quad, which upgraded its established Matrox Supersight vision controller series. This upgradation in the series would accommodate up to four computers in a standard 4U enclosure. Moreover, each computes cluster or computer is equipped with an embedded Intel Core processor and works alone or together with the others to deploy distributed computing.

Jan-2021: Cognex Corporation launched In-Sight 3D-L4000 embedded vision system. This system features 3D laser displacement technology that enables engineers to accurately, cost-effectively, and rapidly solve a range of inspections on automated production lines.

Nov-2020: Teledyne DALSA launched new Genie Nano-CXP 67M and 37M cameras based on the Teledyne e2v Emerald color and monochrome sensors. These new models of Genie Nano feature a CoaXPress interface and are easy to use. Moreover, these cameras are developed for industrial imaging applications that need high-speed data transfer like electronics manufacturing, packaging inspection, industrial automation, semiconductor inspection, general machine vision, and PCB-AOI (Automated Optical Inspection).

Oct-2020: Teledyne Imaging released Z-TrakTM2, the newest family of 3D profile sensors. This sensor is designed on Teledyne Imaging’s 3D image sensor technology, Z-Trak2 ushers in a new generation of 5GigE 3D profile sensors for high-speed, in-line 3D applications.

May-2020: Matrox Imaging unveiled Matrox AltiZ, a series of integrated high-fidelity 3D profile sensors featuring a dual-camera single-laser design. These sensors have an advanced design, which significantly reduces scanning gaps.

Mar-2020: Keyence unveiled a new AOI system, an automated visual inspection of the printed circuit board. This system performs precise 2D inspection along with 3D inspection. In addition, it comes with a 9.44-megapixel CMOS image sensor that produces high-resolution images, whereas a large-diameter telecentric lens provides high-accuracy full-scale inspection.

Feb-2020: Omron Corporation Automation Americas unveiled the V/F400 and V/F300 Series Smart Cameras, the latest additions to its popular MicroHAWK line. These smart cameras integrate code reading and vision inspection capabilities into a single, highly compact device.

Geographical Expansions:

Jul-2021: AMETEK Surface Vision expanded its geographical reach in China by introducing a new website from AMETEK Surface Vision. This expansion would increase the online support for consumers in China.

Jun-2020: VITRONIC expanded its geographical footprints in the center of Warsaw, the capital city of Poland by opening its newest office. This new office would fulfil the requirements of Vitronic’s partner and would be a place for strengthening economic activity and business meetings.

Scope of the Study

Market Segments covered in the Report:

By Surface Type

• 2D

• 3D

By Deployment Type

• Computer based

• Camera based

By Component

• Cameras

• Lighting Equipment

• Processors

• Software

• Frame Grabbers & Optics

• Others

By End User

• Semiconductor & Electronics

• Food & Beverages

• Healthcare

• Automotive

• Paper & Wood

• Glass & Metal

• Plastic & Rubber

• Others

By Geography

• North America

o US

o Canada

o Mexico

o Rest of North America

• Europe

o Germany

o UK

o France

o Russia

o Spain

o Italy

o Rest of Europe

• Asia Pacific

o China

o Japan

o India

o South Korea

o Singapore

o Malaysia

o Rest of Asia Pacific

• LAMEA

o Brazil

o Argentina

o UAE

o Saudi Arabia

o South Africa

o Nigeria

o Rest of LAMEA

Companies Profiled

• Omron Corporation

• Panasonic Corporation

• Keyence Corporation

• Cognex Corporation

• Teledyne Technologies, Inc.

• Basler AG

• ISRA Vision AG (Atlas Copco)

• Ametek, Inc.

• VITRONIC Machine Vision

• Matrox Electronic Systems Ltd.

Unique Offerings

• Exhaustive coverage

• Highest number of market tables and figures

• Subscription based model available

• Guaranteed best price

• Assured post sales research support with 10% customization free
Read the full report: https://www.reportlinker.com/p06177786/?utm_source=GNW

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.

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Artificial Intelligence

More than $9 Million Awarded to High School Scientists and Engineers at the Regeneron International Science and Engineering Fair 2024

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Grace Sun, 16, receives $75,000 Top Award for a new kind of organic electrochemical transistor at the world’s largest pre-college science, technology, engineering and math (STEM) competition.
TARRYTOWN, N.Y. and WASHINGTON, May 17, 2024 /PRNewswire/ — Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) and Society for Science (the Society) announced that Grace Sun, 16, of Lexington, Kentucky, won the $75,000 top award, the George D. Yancopoulos Innovator Award, named in honor of the pioneering drug researcher and Regeneron co-Founder, Board co-Chair, President and Chief Scientific Officer, in the 2024 Regeneron International Science and Engineering Fair (Regeneron ISEF), the world’s largest pre-college science and engineering competition. Other top prizes went to projects in second-order cone programming, microplastics filtration and multi-sensory therapy for dementia.

The top winners were honored during two award ceremonies: the Special Awards on May 16 and the Grand Awards Ceremony on the morning of May 17. In total, over $9 million USD was awarded to the finalists based on their projects’ creativity, innovation and depth of scientific inquiry. The competition featured nearly 2,000 young scientists representing 49 U.S. states and nearly 70 countries, regions and territories across the world.
Grace Sun, 16, of Lexington, Kentucky, won first place and received the $75,000 George D. Yancopoulos Innovator Award for her research on building a better organic electrochemical transistor that she hopes will be used to develop new electronic devices that could help detect and treat serious illnesses like diabetes, epilepsy and organ failure. To overcome the problems that have previously prevented such devices from working effectively inside the body, Grace developed a new way of chemically treating their organic components, which greatly improved their laboratory performance.
Michelle Wei, 17, of San Jose, California, received one of two Regeneron Young Scientist Awards of $50,000 for her research to improve the speed and efficiency of a type of software that is useful in many fields such as machine learning, transportation and financial systems. Michelle’s new approach involved determining a quick approximate solution to the second-order cone programming problem, then splitting the initial cone into smaller cones, which enabled her new algorithm to greatly outperform previous approaches.
Krish Pai, 17, of Del Mar, California, received the second Regeneron Young Scientist Award of $50,000 for his machine-learning research to identify microbial genetic sequences that can be modified to biodegrade plastic. His new software, called Microby, scans databases of microorganisms and determines which ones can be changed genetically to biodegrade plastics. In tests, he identified two microorganisms that can be genetically modified to degrade plastic at a cost he believes would be ten times less than traditional recycling.
 “Congratulations to the Regeneron International Science and Engineering Fair 2024 winners,” said Maya Ajmera, President and CEO, Society for Science and Executive Publisher, Science News. “I’m truly inspired by the ingenuity and determination shown by these remarkable students. Coming from around the world with diverse backgrounds and academic disciplines, these students have shown that it is possible to come together in unity to tackle some of the toughest challenges facing our world today, and I could not be prouder.”
Regeneron ISEF provides a global stage for the world’s best and brightest young scientists and engineers. Through this competition, Regeneron and the Society are fostering the next generation of STEM leaders who are pioneering solutions to improve our world. Since 2020, Regeneron has provided STEM experiences to approximately 2.4 million students, on track to meet its goal of 2.5 million by 2025.
“The talent, intelligence and potential of this year’s Regeneron ISEF finalists is truly inspiring, and I congratulate each on their remarkable achievements,” said George D. Yancopoulos, M.D., Ph.D., co-Founder, Board co-Chair, President and Chief Scientific Officer of Regeneron. “Science competitions like ISEF were pivotal in shaping my own career and fueling my passion to fight back against disease. I look forward to seeing these students continue to push the boundaries of science and technology to create positive and sustainable change for all humanity.”
Other top honors from the competition include:
Justin Huang and Victoria Ou, both 17, of Woodlands, Texas, received the Gordon E. Moore Award for Positive Outcomes for Future Generations of $50,000 for their new prototype filtration system that uses ultrasonic waves to remove microscopic plastic particles from water. In lab tests, the acoustic force from the high-frequency sound waves removed between 84% and 94% of the suspended microplastic particles in a single pass. The students are now working to scale up and fine-tune their experimental system.
Ingrid Wai Hin Chan, 17, of Hong Kong, China received the Craig R. Barrett Award for Innovation of $10,000 for her research on using a multi-sensory therapy for dementia patients. Her mixed therapy app would allow patients to practice physical and cognitive skills through a personalized, immersive environment using virtual reality headsets. Ingrid conducted an eight-week study with six people living with dementia and found that the cognitive function of patients who used her prototype improved in several areas. She believes her app could serve as a viable option for dementia patients with limited access to in-person professional therapy.
Tanishka Balaji Aglave, 15, of Valrico, Florida, received the H. Robert Horvitz Prize for Fundamental Research of $10,000 for her investigation into a natural alternative treatment against citrus greening, a disease that threatens citrus farming in many parts of the world and is currently only treated with antibiotics. Tanishka injected the trunks of infected trees with an extract from the curry leaf tree, and found through tests that this potential method could effectively and sustainably manage citrus greening disease.
Maddux Alexander Springer, 18, of Honolulu, Hawaii, received the Peggy Scripps Award for Science Communication of $10,000 for his research into fibropapillomatosis (FP), a disease that is the primary cause of death in green sea turtles. Some turtles he studied in Kaneohe Bay, Hawaii, were stricken with a disease that causes internal and external tumors that inhibit their everyday lives. After analyzing the turtles’ diet of green algae, Maddux concluded that this disease, wastewater, invasive algae and the amino acid arginine all pose a grave risk to these endangered sea creatures.
Ria Kamat, 17, of Hackensack, New Jersey; Anna Oliva, 17, of Houston, TX; and Shuhan Luo, 18, of Worcester, MA, received the Dudley R. Herschbach SIYSS Award, which provides finalists an all-expense paid trip to attend the Stockholm International Youth Science Seminar during Nobel Week in Stockholm, Sweden.
Jack Shannon, 18, of Clane, Kildare, Ireland, and Nikhil Vemuri, 17, of Cary, North Carolina, received the EU Contest for Young Scientists Award. Their projects will represent Regeneron ISEF at the EU Contest for Young Scientists to be held this September in Katowice, Poland.
For more information about the top winners and access to visual assets visit:  https://www.societyforscience.org/isef-2024-media-kit.
The full list of Special Award ISEF 2024 Finalists can be found at https://www.societyforscience.org/press-release/regeneron-isef-2024-special-awards-winners.
In addition to the Top Award winners, more than 450 finalists received awards and prizes for their innovative research, including “First Award” winners, who each received a $5,000 prize.
The following lists the First Award winners for each of the 22 categories, from which the Top Awards were chosen:
Animal Sciences, sponsored by Society for ScienceMaddux Alexander Springer, Honolulu, Hawaii
Behavioral and Social Sciences, sponsored by Society for ScienceAndrew Y. Liang, San Jose, California
Biochemistry, sponsored by RegeneronAmy Hong Xiao, Garden City, New York
Biomedical and Health Sciences, sponsored by RegeneronRia Kamat, Hackensack, New Jersey; Kevin Xuan Lei, Shanghai, China
Biomedical Engineering, sponsored by Alfred E. Mann CharitiesAyush Garg, Dublin, California; Divij Motwani, Palo Alto, California; Akash Ashish Pai, Portland, Oregon
Cellular and Molecular Biology, sponsored by RegeneronLara and Maya Sarah Hammoud, Beverly Hills, Michigan
Chemistry, sponsored by Society for ScienceAkilan Sankaran, Albuquerque, New Mexico; Arjun Suresh Malpani and Siddharth Daniel D’costa, Portland, Oregon
Computational Biology and Bioinformatics, sponsored by RegeneronKun-Hyung Roh, Bronx, New York
Earth and Environmental Sciences, sponsored by Google.orgNikhil Vemuri, Durham, North Carolina; Justin Yizhou Huang and Victoria Ou, The Woodlands, Texas
Embedded Systems, sponsored by HPChloe Rae and Sophie Rose Filion, Welland, Ontario, Canada
Energy: Sustainable Materials and Design, sponsored by Siemens EnergyAlia Wahban, Hamilton, Ontario, Canada
Engineering Technology: Statics and Dynamics, sponsored by Howmet Aerospace FoundationChiyo Nakatsuji, Bunkyoku, Tokyo, Japan; Kevin Shen, Olympia, Washington
Environmental Engineering, sponsored by JacobsKrish Pai, San Diego, California; Jack Shannon, Clane, Kildare, Ireland
Materials Science, sponsored by Howmet Aerospace FoundationGrace Sun, Lexington, Kentucky
Mathematics, sponsored by Akamai FoundationAnna Oliva, Houston, Texas
Microbiology, sponsored by Schattner FoundationMatthew Chang, Irvine, California
Physics and Astronomy, sponsored by Richard F. Caris Charitable Trust IIHarini Thiagarajan and Vishal Ranganath Yalla, Bothell, Washington; Shuhan Luo, Worcester, Massachusetts
Plant Sciences, sponsored by Society for SciencePauline Estrada, Fresno, California; Tanishka Balaji Aglave, Dover, Florida
Robotics and Intelligent Machines, sponsored by RegeneronMichal Lajciak, Dubnica nad Vahom, Trenciansky kraj, Slovakia; Anthony Efthimiadis, Oakville, Ontario, Canada
Systems Software, sponsored by MicrosoftMichelle Wei, San Jose, California
Technology Enhances the Arts, sponsored by Society for ScienceAnant Khandelwal, Sritan Motati and Siddhant Sood, Alexandria, Virginia
Translational Medical Science, sponsored by RegeneronZheng-Chi Lee, West Lafayette, Indiana; Ingrid Wai Hin Chan, Hong Kong, China
The full list of all award-winning ISEF 2024 finalists is available here: https://www.societyforscience.org/press-release/regeneron-isef-2024-full-awards.
View all the finalists’ research here: https://projectboard.world/isef.
About the Regeneron International Science and Engineering FairThe Regeneron International Science and Engineering Fair (Regeneron ISEF), a program of Society for Science for over 70 years, is the world’s largest global science competition for high school students. Through a global network of local, regional and national science fairs, millions of students are encouraged to explore their passion for scientific inquiry. Each spring, a group of these students is selected as finalists and offered the opportunity to compete for approximately U.S. $9 million in awards and scholarships.
In 2019, Regeneron became the title sponsor of ISEF to help reward and celebrate the best and brightest young minds globally and encourage them to pursue careers in STEM to positively impact the world. Regeneron ISEF is supported by a community of additional sponsors, including Akamai Foundation, Alfred E. Mann Charities, Aramco, Caltech, Google.org, Gordon and Betty Moore Foundation, Howmet Aerospace Foundation, HP, , Jacobs, King Abdulaziz & his Companions Foundation for Giftedness and Creativity, Microsoft, National Geographic Society, Richard F. Caris Charitable Trust II, Rise, an initiative of Schmidt Futures and the Rhodes Trust, Schattner Foundation, Siemens Energy, Annenburg Foundation, Ballmer Group, Broadcom Foundation, Cesco Linguistic Services, Conrad N. Hilton Foundation, Edison International, Insaco, Oracle Academy, The Eli and Edythe Broad Foundation, The Ralph M. Parsons Foundation and US Army ROTC. Many are entrepreneurs across a wide range of industries. Learn more at https://www.societyforscience.org/isef/.
About Society for ScienceSociety for Science is a champion for science, dedicated to promoting the understanding and appreciation of science and the vital role it plays in human advancement. Established in 1921, Society for Science is best known for its award-winning journalism through Science News and Science News Explores, its world-class science research competitions for students, including the Regeneron Science Talent Search, the Regeneron International Science and Engineering Fair and the Thermo Fisher Scientific Junior Innovators Challenge, and its outreach and equity programming that seeks to ensure that all students have an opportunity to pursue a career in STEM. A 501(c)(3) membership organization, Society for Science is committed to inform, educate and inspire. Learn more at www.societyforscience.org and follow us on Facebook, Twitter, Instagram and Snapchat (Society4Science).
About RegeneronRegeneron (NASDAQ: REGN) is a leading biotechnology company that invents, develops and commercializes life-transforming medicines for people with serious diseases. Founded and led by physician-scientists, our unique ability to repeatedly and consistently translate science into medicine has led to numerous approved treatments and product candidates in development, most of which were homegrown in our laboratories. Our medicines and pipeline are designed to help patients with eye diseases, allergic and inflammatory diseases, cancer, cardiovascular and metabolic diseases, neurological diseases, hematologic conditions, infectious diseases and rare diseases. 
Regeneron believes that operating as a good corporate citizen is crucial to delivering on our mission. We approach corporate responsibility with three goals in mind: to improve the lives of people with serious diseases, to foster a culture of integrity and excellence and to build sustainable communities. Regeneron is proud to be included on the Dow Jones Sustainability World Index and the Civic 50 list of the most “community-minded” companies in the U.S. Throughout the year, Regeneron empowers and supports employees to give back through our volunteering, pro bono and matching gift programs. Our most significant philanthropic commitments are in the area of early science education, including the Regeneron Science Talent Search and the Regeneron International Science and Engineering Fair (ISEF).
For more information, please visit www.Regeneron.com or follow Regeneron on LinkedIn, Instagram, Facebook or X.
More information about the top winners and access to visual assets visit:  https://www.societyforscience.org/isef-2024-media-kit.
Media ContactsJoseph Brown, [email protected]
Gayle Kansagor, Society for [email protected]
Photo – https://mma.prnewswire.com/media/2416174/Regeneron_ISEF_2024_Winners_Photo.jpg 
Logo – https://mma.prnewswire.com/media/2416197/Society_for_Science_Logo.jpg 

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Artificial Intelligence

J.P. Morgan Life Sciences Private Capital, Blue Horizon Advisors and United Al Saqer Announce Winner of Inaugural 2024 Life Sciences Innovation Summit

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In conjunction with Abu Dhabi Global Healthcare Week 2024
ABU DHABI, UAE, May 17, 2024 /PRNewswire/ — J.P. Morgan Life Sciences Private Capital, Blue Horizon Advisors and United Al Saqer Group announced today Rayees Rahman of Harmonic Discovery as the winner of the inaugural J.P. Morgan Asset Management: Life Sciences Innovation Summit. Harmonic Discovery is a precision pharmacology company applying its generative chemistry platform to advance next-generation kinase inhibitors.

In partnership with the Department of Health – Abu Dhabi (DoH), the Summit took place on May 14-15, 2024 at Cleveland Clinic Abu Dhabi and showcased the 11 innovative finalists, as well as highlighted existing innovators and opportunities in the Emirate of Abu Dhabi. The event also featured keynote speeches from Dr. Laurie Glimcher of Dana-Farber Cancer Institute, Dr. Shahrukh Hashmi of the Department of Health – Abu Dhabi, and Dr. David Ho of Columbia University Medical Center and provided attendees networking opportunities to gain valuable insights into the future of life sciences innovation. 
In addition, the jury designated Chun-Hao Huang of Algen Biotechnologies as honourable mention. Algen Biotechnologies is a platform therapeutics and drug discovery company using world-leading CRISPR and AI to find treatments for cancer, inflammation and metabolic diseases.
The winners were selected by an esteemed, international panel of judges, which included:Laurie Glimcher, MD, President and CEO at Dana-Farber Cancer InstituteJorge Guzman, MD, CEO at Cleveland Clinic Abu DhabiProf. Shahrukh Khurshid Hashmi, MD, Director of Research, Department of Health, Abu DhabiYasmine Hayek Kobeissi, PhD, CQF, BSc., Executive Director at Blue Horizon AdvisorsAnya Schiess, Managing Partner at J.P. Morgan Life Sciences Private CapitalWalid Zaher, PhD, Co-Founder and CEO, Carexso
Dr. Asma Al Mannaei, Executive Director of the Research and Innovation Centre at the Department of Health – Abu Dhabi said: “Under the directives of the UAE’s wise leadership, and renowned for its world-leading medical infrastructure, Abu Dhabi stands at the forefront of healthcare excellence, offering an unparalleled opportunity for advancement in healthcare for global partners. It was our utmost pleasure hosting the J.P. Morgan Asset Management Life Sciences Innovation Summit 2024 on the sidelines of Abu Dhabi Global Healthcare Week and we commend the winners for their pioneering efforts in driving impactful advancements in healthcare; their dedication to innovation not only transforms the landscape of medicine, but also holds the promise of improving lives worldwide.” 
Stephen Squinto, PhD, Chief Investment Officer, J.P. Morgan Life Sciences Private Capital said: “We are thrilled with the level of biotech passion and innovation that we observed at this year’s Summit in Abu Dhabi. The energy was truly palpable we are thrilled to announce Rayees Rahman as the winner of our first Life Sciences Innovation Summit. Harmonic Discovery’s approach embodies the next generation of drug discovery and development. We appreciate the time and effort of all participants and cannot wait for our next event in the region.”
Nabil Kobeissi, Chief Executive Officer of Blue Horizon Advisors, said: “As the main sponsor, we are committed to nurturing and fostering the growth of all 11 finalists in this vibrant biotech ecosystem. This Summit marks the beginning of a transformative journey, and we are confident that it will pave the way for a flourishing hub in the region. We are also pleased to announce that we will commit to invest in and partner with the winner, Harmonic Discovery, to support its future growth in the region.”
Sponsors for the event included J.P. Morgan Life Sciences Private Capital, J.P. Morgan Commercial Bank, Blue Horizon Advisors, United Al Saqer Group, Thermo Fisher Scientific, and Salam Capital. The Summit organisation, logistics and finalist recruitment were facilitated by Lyfebulb.
Of importance, at the Summit, Mr. Mohamed Al Breiki, Executive Director of Sustainable Development at Masdar City, announced that Masdar City Free Zone would award all 11 Finalists complimentary business licenses to further support their establishment in the region. Masdar City is one of the world’s most sustainable urban developments and innovation hubs with a growing focus on life science entrepreneurship in Abu Dhabi.

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Congregating in the Lion City for a Win-Win Future of Intelligent Computing at the Global Data Center Facility Summit 2024

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congregating-in-the-lion-city-for-a-win-win-future-of-intelligent-computing-at-the-global-data-center-facility-summit-2024

SINGAPORE, May 17, 2024 /PRNewswire/ — On May 17, 2024, the Global Data Center Facility Summit 2024 was held in Singapore with the theme of “Power the Digital Era Forward.” At the summit, over 600 data center industry leaders, technical experts, and ecosystem partners gathered to discuss new trends and opportunities of the global data center industry in the intelligent computing era. The attendees also got to experience all-scenario, all-ecosystem, and all-service end-to-end (E2E) solutions, share innovative practices of green data centers in the Asia Pacific and Europe, and experience the exhibition vehicle to unveil the mystery of Outdoor PowerPOD that features one power system per container. By fully embracing the intelligent computing era, Huawei strives to power the digital era forward.

Seizing Opportunities Brought by AI and Jointly Building Green & Reliable Computing Infrastructure
At the opening speech, Charles Yang, Senior Vice President of Huawei and President of Marketing, Sales and Services, Huawei Digital Power, noted that since ChatGPT ushered in the AI era, large models keep pushing the limits of computing power and the intelligent computing industry is witnessing an unprecedented construction boom. As predicted, 100 GW will be added to the global data center installed capacity and the market value will exceed US$600 billion in the next five years.
According to Charles, with opportunities come challenges. The primary challenge concerning the data center industry is reliability and electricity. Data centers are scaling up from the MW-level to the GW-level. E2E reliability of data centers is becoming even more important than ever. In response to the opportunities, Huawei will work with customers and partners to expand the industry space.
Steering Data Centers to the AI Era with Product + Service + Ecosystem
During the summit, Sun Xiaofeng, President of Huawei Data Center Facility & Critical Power Business, delivered a speech titled “Power the Digital Era Forward. ” He stated that as AI large models are penetrating, the surging compute demands drive the expansive growth in data center.
To address the challenges, Huawei strives to build product + service + ecosystem E2E data center solutions that feature fast deployment, flexible cooling, green energy, and ultimate reliability.
Fast deployment: Data centers are fully modularized and prefabricated to ensure high quality and efficient construction.Flexible cooling: Air-liquid fusion and integrated cooling source emerges as the optimal cooling architecture for intelligent computing.Green energy: New generation-grid-load-storage integrated solution is built to ensure the sound operations of intelligent computing centers.Ultimate reliability: Data centers are safeguarded through reliable products and preventive protection.Currently, Huawei’s global service network covers more than 170 countries with over 1800 professional engineers, providing 24/7 technical support. With N+ flagship service centers, Huawei has built a one-hour service radius for its customers.
The ecosystem is a key part for a win-win future of intelligent computing. Huawei works with partners to develop comprehensive E2E solutions and provide customers with one-stop data center services.
During the summit, Huawei and the ASEAN Centre for Energy released a white paper on “Building Next Generation Data Center Facility in ASEAN.” The document provides insights into the status quo, challenges, and trends of data centers in the ASEAN region, and emphasizes that efficient and energy-saving products and solutions should be applied. It also proposes future-oriented policy recommendations for data center markets.
In the ecosystem exhibition area, Huawei showcased scenario-based solutions for large-, medium-, and small-sized data centers, and demonstrated data center consulting, design, integrated development, and delivery capabilities with dozens of ecosystem partners including CIMC, Weichai, CSCEC, and Huashi.
On a special note, the Huawei Outdoor PowerPOD exhibition vehicle made its global debut. The Huawei Outdoor PowerPOD features one power system per container, outdoor deployment, plug-and-play, and high protection rating and reliability. It has become the preferred choice for decoupling the power supply architecture.
A single tree cannot make a forest.
AI is presenting great opportunities. By delving into the industry, aggregating partner ecosystems, and making innovations applicable to transformations, Huawei will continue to help customers build reliable computing infrastructure, accelerating the industry to embrace AI and powering the digital era forward.
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View original content:https://www.prnewswire.co.uk/news-releases/congregating-in-the-lion-city-for-a-win-win-future-of-intelligent-computing-at-the-global-data-center-facility-summit-2024-302148973.html

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